The Business Times, 20 May 1995
1995-05-20
1
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The Business Times
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Title Section13 1995-05-20 1 Business Times MITA(P) 194/12/94 Weekend Edition, May 20-21 1995 es A7VOIV AS7/1 85*13 words
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649 1995-05-20 1 Alvin Tay - From Alvin Tay in SHANGHAI PRIME MINISTER Goh Chok Tong yesterday proposed the development of a massive satellite town comprising middle-income housing in Shanghai to be undertaken by Singapore developers. Mr Goh said Singapore and Shanghai could identify an 8-10 sq km649 words
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570 1995-05-20 1 Anthony Rowley - From Anthony Rowley SENIOR Minister Lee Kuan Yew yesterday issued a strong challenge to Japan to open its markets voluntarily, for the good of Asia and of the world. Otherwise, "US pressure on Japan to open up could become ugly" and lead570 words
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421 1995-05-20 1 Conrad Raj - By Conrad Raj SINGAPORE Citibank is not expected to suffer any substantial loss from the recent theft of $80 million of share scrip from its vaults. Sources say the bank will at most suffer a $300,000 loss because most of421 words
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Article, Illustration195 1995-05-20 1 Paul Leo - Aussie dollar falls below Sing for first time By Paul Leo SINGAPORE The Australian dollar fell below parity against the Singapore dollar for the first time yesterday to end at 550.9983. But dealers said there was no direct selling of the Aussie dollar for the Sing dollar. "It is aSource: Bloomberg - 195 words
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Article61 1995-05-20 1 Reuter NEW YORK Blue-chip stocks fell yesterday, extending Thursday's drop of nearly 82 points, but the declines were limited. The Dow Jones Industrial Average was down 19.02 points at 4,321.62 at 1 pm EDT. In the broader market, declines led advances three to one on activeReuter - 61 words
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Article, Illustration501 1995-05-20 1 Loh Hui Yin - From Loh Hui Yin in BANGKOK THAIS will go to the polls on July 2, after Prime Minister Chuan Leekpai dissolved Parliament yesterday. The snap election was triggered by the withdrawal of a coalition member, the Palang Dharma Party, which held501 words
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Article172 1995-05-20 1 Stock market indices Friday Change STII 2.163.47 -4.54 KLSEComp 1.011.62 -7.66 Nikkei 16.140.85 -171.71 Hang Seng 9,013.32 -102.40 SET Index 1.323.74 -20.76 Jakarta Comp 458.71 +0.87 Manila Comp 2,725.96 -19.47 Taipei WPI 5.757.65 -0.88 Seoul Comp 876.02 -4.39 Bombay BSE30 .3.327.68 +51.16 CLSA China B 770.48 -0.85 Ausl172 words
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Page 1 Advertisements
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Advertisement7 1995-05-20 1 Fashion industry: el i Zegna's cutting edge7 words
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Advertisement6 1995-05-20 1 Japan's Miti backs deregulation, Pg 46 words
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Advertisement18 1995-05-20 1 Stock tips: el 5 What to buy Malays urged to see China thrust in economic terms, Pg 218 words
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Advertisement232 1995-05-20 1 Asia's Corporate Giants: el 3 The Ayala empire Hock Lock Siew: Pg 6 HK exchange needs stricter rule&( Bffw ■a>* J Just when the Thais thought they were done with polling... Pg 3 /7) /-s- f y C. IX-puis 1775 Known to history as the Prince of Horologists, A.-L. Breguet232 words
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SINGAPORE NEWS
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NEWS ROUNDUP
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Article41 1995-05-20 2 THE Economic Development Board yesterday launched a Process Industry Skills Management System to standardise the skills of workers in the oil and petrochemical industry. The move is part of part of the EDB's Local Industry Upgrading Programme.41 words
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Article42 1995-05-20 2 TAIYO Technology Singapore yesterday a $7 million plant at Woodlands to make precision components using high-tech injection moulding and laser etching. The components are used in consumer electronics products. Taiyo is aiming for $7 million sales this year.42 words
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Article81 1995-05-20 2 HIGH-TECH education centre EduTrend plans to franchise its business in the region this year. EduTrend, which runs centres in Singapore, Malaysia, Hongkong and Taiwan, is testing a pilot franchise scheme in these countries. It hopes to find local partners as franchisees. EduTrend has so far invested81 words
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Article77 1995-05-20 2 THE newly appointed director-general of the World Trade Organisation, Renato Ruggiero, will speak at a luncheon meeting of the Singapore Press Club next Friday. The luncheon will be held at the Raffles Hotel Ballroom at 12.15pm. Attendance charges are $10 for Press Club members and77 words
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Article88 1995-05-20 2 SDP chief Chee Soon Juan has announced that he is starting a Singapore chapter of the FDL-AP. The Seoul, Korea-based FDL-AP was founded on Dec 1, 1994 with the objective of promoting and facilitating the growth of democracy in the Asia-Pacific region. Its advisers include88 words
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242 1995-05-20 2 WING TAI Holdings has agreed to sell a five-storey commercial complex at Hougang to NTUC Income Insurance Co-Operative. Wing Tai said yesterday that wholly owned subsidiaries Winzest Investment and Winbill Investment would sell the property to NTUC Income for $108 million.242 words
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Article, Illustration570 1995-05-20 2 Jenny Lam - By Jenny Lam RETAIL sales in March improved by 20.9 per cent at current prices over the previous month to hit $1.88 billion, due mainly to higher car sales and fewer days in February. The latest figures, released by the Department of StatisticsSource: SG Warburg, Dept of Statistics - 570 words
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Article, Illustration371 1995-05-20 2 Corinne Kerk - Co-producer hopes to bring in at least one production here a year By Corinne Kerk Starlight Express THE Phantom of the Opera ends its 12-week run here today, with a total sales figure of $18.5 million breaking the box office record for musicalsStarlight Express - 371 words
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Article, Illustration362 1995-05-20 2 HENRY KOH. managing director of bed-linen maker Mayfran Singapore, has won the 1995 Entrepreneur Award presented by Rotary and the Association of Small and Medium Enterprises (ASME). Mr Koh, the 39-year-old son of a labourer, received his award last night at362 words
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399 1995-05-20 2 Alvin Tay - From Alvin Tay in Wuhan MALAY businessmen should regard Singapore investments in China as an economic issue rather than an ethnic one, said Acting Minister for Community Development Abdullah Tarmugi yesterday. Mr Abdullah, who is also the Minister in Charge of399 words
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Page 2 Advertisements
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Advertisement84 1995-05-20 2 Hi BIG WALK *95 IMPORTANT NOTICE FOR 816 WALKERS! The FREE SHUTTLE PICK UP POINT has been CHANGED from Kallang MRT Station to CITY HALL MRT STATION! 5m rrri p CITY HALL OM 91 litAV MRTSTATION JVLxxY (Along North Bridge Rd between 6.30am-7.15am Bras Basah Rd and Stamford Rd) /otntly84 words
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Page 2 Miscellaneous
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Miscellaneous498 1995-05-20 2 I weather T—3 Singapore: Showers over a few areas in the late morning and afternoon. Temperature (26-34*). fai*-Padfc Ht/U' Cm*. tartpt Ht/lV Caad. Buenos «M 17/07 Cloudy Auckland 16 09 Cloudy Amsterdam 14 <09 Cloudy Crvcags 22.-09 Tstorm Ban0«ok 33/25 Cloudy Athens 24/15 Cloudy HonoMu 27/22 Cloudy 28/14 Sunny Berto498 words
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THE REGION
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Article, Illustration693 1995-05-20 3 Loh Hui Yin - Thai elections By Loh Hui Yin BANGKOK Thai politics is always full of surprises. Just when it looked like Thailand's colourful political scene was going to be uneventful with Prime Minister Chuan Leekpai serving out his four-year term, the applecart693 words
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406 1995-05-20 3 Bloomberg Business News NEW DELHI Indian Finance Minister Manmohan Singh amended his March budget by cutting a range of import and excise duties in an attempt to boost industry. He halved to 25 per cent the import duty on CD-ROMs and floppy disks forBloomberg Business News - 406 words
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Article, Illustration281 1995-05-20 3 AP NEW DELHI Dissidents in the governing Congress Party held a convention yesterday to criticise Prime Minister P V Narasimha Rao, and thousands of people turned out to support them. During the one-day meeting, the party rebels were expected to discuss ways ofAP; AFP - 281 words
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219 1995-05-20 3 Reuter NEW DELHI India announced new rules for medium and long-term external commercial borrowings, and said it was adopting fresh guidelines for determining the eligibility of firms which wanted to access foreign debt markets. It said on Thursday that extension of approvalsReuter - 219 words
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251 1995-05-20 3 Reuter ISLAMABAD Pakistani Prime Minister Benazir Bhutto on Thursday rejected India's plans for elections in the disputed and strife-torn Himalayan region of Kashmir and urged it to instead agree to a plebiscite there. In a televised speech, she accused Indian leaders of beingReuter - 251 words
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451 1995-05-20 3 Shiv Taneja - By Shiv Taneja SINGAPORE Foreign investment in Sri Lanka is safe despite a resurgence of hostilities between the government there and the Liberation of Tamil Tigers Eelam (LTTE), Sri Lankan Minister of Foreign Affairs, Lakshman Kadirgarmar, said yesterday. Mr Kadirgarmar the451 words
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300 1995-05-20 3 Reuter COLOMBO Sri Lanka's President Chandrika Bandaranaike Kumaratunga will go ahead with plans to abolish the powerful executive presidency this year despite escalating war, analysts said yesterday. Mrs Kumaratunga and her People's Alliance government were elected after 17 years in opposition,Reuter - 300 words
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201 1995-05-20 3 Reuter PYONGYANG Markets in Stalinist North Korea are beginning after decades of isolation to show some potential but not for the faint of heart. For the handful of foreign business executives in what must rank as the world's most reclusive andReuter - 201 words
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NOTE BOOK
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81 1995-05-20 3 AFP MANILA Investment in priority areas in the Philippines rose 45.8 per cent to 88.9 billion pesos (554.7 billion) in the first four months of this year compared with the same period last year, the Board of Investments (BOI) said here yesterday. However, 801 figuresAFP - 81 words
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Article, Illustration51 1995-05-20 3 AFP BEIJING A flatbed bicycle rider steering his load of cakes past a billboard here yesterday featuring a picture of Marilyn Monroe done in a silkscreen style made famous by the late American artist Andy Warhol. The billboard is an advertisement for a karaoke and dance hall.AFP - 51 words
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65 1995-05-20 3 Knight-Ridder MANILA The Philippines said yesterday it had delisted China from socialist countries with which it has restricted trade, a move that should boost bilateral trade this year. The move "is in response to the needs of the Philippines to expand its trade withKnight-Ridder - 65 words
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111 1995-05-20 3 Reuter JAKARTA Muchtar Pakpahan, head of Indonesia's first independent labour union to challenge the government on worker rights, was allowed to leave jail yesterday, the head of the Jakarta Legal Aid Institute said. Luhut Pangaribuan said he did not know exactly why Mr Pakpahan,Reuter - 111 words
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193 1995-05-20 3 Bernama KUALA LUMPUR Malaysia's cumulative balance of trade deficit in the first two months of this year tumbled 46.8 per cent or M 5285.9 million (SSI 60 million) to M 5325.4 million from the corresponding period last year. The reduced deficit was dueBernama - 193 words
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Page 3 Advertisements
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Advertisement32 1995-05-20 3 Lampitands ssstmKKm Take a frttb neu look at Habitat for the latest in furniture and home fmrniibings. HABITAT M AKIN A SQVABt tot- la I < BAffin BOVLBVABD. MSG AfOßt 1001. TBI I17««l(32 words
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REGION/WORLD
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434 1995-05-20 4 Reuter BEIJING China's economic growth will slow as it enters the 21st century and it will need at least 105 years to catch up with the level of developed nations, according to academic projections issued yesterday. "China's Gross National ProductReuter - 434 words
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280 1995-05-20 4 AFP BEIJING China has banned companies and individuals from engaging in "any form" of international telecommunication operations here, saying that call-back services constituted a "strong violation" of Chinese rules. In a special announcement published yesterday in the Communist Party organ. People'sAFP - 280 words
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203 1995-05-20 4 AFP HONGKONG Chinese and British officials yesterday agreed to release a total of 132.93 hectares of land for the year to next June, with nearly half earmarked for housing purposes. The Sino-British Land Commission decided in its latest meeting thatAFP - 203 words
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Article1381 1995-05-20 4 AIRCRAFT ARRIVALS DEPARTURES CNjr FUfht E» FNfM CT| mm WmM GA860 1945 MlMl QF81 1930 Qf82 2055 A—laa RJ187 0130 Kmstardaai SQ25 0650 KL838 2300 KL831 0925 SQ324 2330 Auckland NZ21 1735 NZ22 1910 SQ286 2040 gafcraja GF148 0910 GF1147 0250 B Sari Bafawan BI421 1100 SQ182 0915 SQ181 14101,381 words
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218 1995-05-20 4 Anthony Rowley - From Anthony Rowley in TOKYO JAPAN'S Ministry of International Trade and Industry yesterday issued a strong endorsement of the need to deregulate its economy. Otherwise, Japanese industry faces a "hollowing out" process in which the most competitive companies move offshore, leaving behind "only218 words
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198 1995-05-20 4 Bloomberg Business News GENEVA Industrialised and developing nations in the World Trade Organisation remain far apart in talks to liberalise trade in banking and other financial services. At the end of another round of negotiations, a member of the US delegation said onBloomberg Business News - 198 words
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241 1995-05-20 4 Reuter TOKYO Japan enacted an extra state budget totalling 2.73 trillion yen (Ss43 billion) for the current fiscal year to finance reconstruction after the Kobe earthquake and help companies battling the strong yen. The budget, supplementing a full 1995/96 budget worthReuter - 241 words
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138 1995-05-20 4 Reuter BEIJING Increasing numbers of Chinese enterprises are hiding their funds in accounts of private individuals to avoid repaying debts, maximise interest payments and cheat on their taxes, the Legal Daily said. Company funds in private accounts are "like a cancer, continuously harmful, eatingReuter - 138 words
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326 1995-05-20 4 UPI AP BEIJING China predicted yesterday that the oil reserves under the disputed Spratly islands would become the world's "second Middle East" and said its sovereignty over the islands has long been recognised by the whole world. "There areUPI; AP - 326 words
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Article, Illustration71 1995-05-20 4 AFP SYDNEY A museum worker polishing the glass of the Museum of Sydney's "Trading Wall" which contains goods that were traded during Australia's colonisation period. The US$2O million (5527.8 million) museum, built on the site of the First Government House, documents life in the early EuropeanAFP - 71 words
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357 1995-05-20 4 Neville Stack - From Neville Stack in LONDON A KALEIDOSCOPE of shifting, and even embarrassing, alliances marked the debate in the British parliament over the recommendations for improving standards in public life. The inquiry was initiated last year by Prime Minister John Major357 words
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141 1995-05-20 4 UPI JOHANNESBURG South African police are investigating the possible involvement of the Irish Republican Army (IRA) in an international 237 million rand (SsB9 million) fraud, police officials said yesterday. Detectives investigating the forgery of share certificates will contact Interpol, the international policeUPI - 141 words
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Page 4 Advertisements
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Advertisement9 1995-05-20 4 Western firms may pull out of Japan, Pg 59 words
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THE WORLD
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393 1995-05-20 5 Leon Hadar - From Leon Hadar in WASHINGTON IN A historic vote that could lead to a major downsizing of the US federal government, including the elimination of the departments of commerce, education and energy, the House of Representatives voted on Thursday to cut393 words
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298 1995-05-20 5 Reuter BONN German Foreign Minister Klaus Kinkel's resignation as leader of his Free Democrats appears likely to be a death knell for the small coalition ally that Chancellor Helmut Kohl relies on, newspapers said yesterday. "It is quite impossible that theReuter - 298 words
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Article, Illustration323 1995-05-20 5 Reuter, AP PARIS French Prime Minister Alain Juppe, declaring war on unemployment, yesterday won praise for forming a young cabinet with a record number of women but was criticised for naming a team that was too big. President Jacques Chirac's officeReuter,; AP; Reuter - 323 words
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487 1995-05-20 5 Reuter WASHINGTON Top economists agreed on Thursday that the Federal Reserve is likely to hold interest rates steady next week, but not on much else. Former Fed governor Wayne Angell and Wall Street economist David Jones expect the central bank toReuter - 487 words
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313 1995-05-20 5 Tokyo must act fast on incentives, deregulation: study Reuter, AFP TOKYO Many US and European firms operating in Japan may be forced to pull out unless the government quickly acts on business incentives and deregulates markets, foreign business groups said. A joint studyReuter,; AFP - 313 words
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248 1995-05-20 5 AFP JERUSALEM Organised crime bosses from Russia have invested hundreds of millions of dollars in Israel in recent months, police officials admitted yesterday. Police Minister Moshe Shahal said earlier this week that the Moscow mafia had taken control of major Israeli companies. He didAFP - 248 words
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WORLD WATCH
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Article92 1995-05-20 5 Reuter BONN The finance ministry said the official estimate for 1995 federal tax revenue had been revised down to 378.5 billion marks (*****.32 billion) from the previous estimate of 380.1 billion marks in March. It expected federal revenue to total 393.3 billion marks in 1996,Reuter - 92 words
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94 1995-05-20 5 Bloomberg Business News OTTAWA Canadian Trade Minister Roy MacLaren said talks could begin as soon as later this year to establish a trans-Atlantic free trade area, linking North America, Mexico and the 15 countries of the European Union. The arrangement, known by the acronymBloomberg Business News - 94 words
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92 1995-05-20 5 AP MOSCOW Russian lawmakers voted yesterday to begin drafting a nationwide referendum that would ask voters whether Russia should unite with the former Soviet republic of Belarus. Last Sunday, an overwhelming majority of Belarussians voted for closer economic integration with Russia and official status for theAP - 92 words
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Article98 1995-05-20 5 AFP BEIRUT Lebanese Prime Minister Rafic Hariri yesterday announced his resignation and that of his government, saying it was accepted by President Elias Hrawi. Mr Hariri made the announcement on state television after talks with Mr Hrawi. The billionaire prime minister at the head of aAFP - 98 words
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Article, Illustration42 1995-05-20 5 AFP MOSCOW Russian President Boris Yeltsin reaching out to a horse presented to him by Turkmeniya President Sapurmurad Niyazov at a riding ring here on Thursday. The two leaders earlier signed many bilateral agreements. AFPAFP - 42 words
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338 1995-05-20 5 AP, Bloomberg Business News TOKYO Japanese imports of US car parts will drop bv US$24O million (***** million) if the United States imposes 100 per cent tariffs on Japanese luxury cars, a senior trade ministry official said yesterday. TheAP,; Bloomberg Business News - 338 words
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Page 5 Advertisements
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Advertisement75 1995-05-20 5 T THANK YOU SINGAPORE, for your great support of the Marriott Cafe and the Crossroads. NOW, the Singapore Marriott Hotel is proud to announce the opening of the Wan Hao Chinese Restaurant. For authentic Cantonese Cuisine, may we suggest TAN A 0 I I IEJTA C I 1 1 T75 words
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COMPANIES & MARKETS
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629 1995-05-20 6 Agnes Wee - By Agnes Wee THE Hind Hotels International group, which already has four properties in New Zealand, is close to buying two more there. It is also targeting for a listing on the New Zealand Stock Exchange in a year or 18629 words
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Article, Illustration55 1995-05-20 6 Corrections clarifications IN OUR report yesterday on "Tat Lee to beef up regional presence", we wrongly ran the picture of the late Goh Tjoei Kok as chairman of the bank. The current chairman is Mr Goh Eng Chew, whose picture is reproduced above. We are sorry for the error. Tat55 words
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318 1995-05-20 6 Amy Balan - By Amy Balan SINGAPORE The Avimo stake in which Singapore Technologies Industrial Corporation (STIC) has expressed interest is most likely to come from the Kuwait Investment Office. And if that is so, the takeover bid that the market seems to be betting on318 words
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312 1995-05-20 6 Quak Hiang Whai - 100 million units at 47 cents each with exercise price of 15.10 By Quak Hiang Whai SINGAPORE UK merchant bank Robert Fleming Co Ltd has launched 100 million warrants on the foreign shares of OCBC Bank. Every 10 of the warrants will be entitled312 words
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712 1995-05-20 6 Steve Vines - HOCK LOCK SIEW By Steve Vines HONGKONG The scandal steadily engulfing Tsang Hin-chi, the chairman of the Hongkong-listed Goldlion Holdings, again highlights the question of whether the territory's financial markets are sufficiently well regulated. When Goldlion was listed in September 1992,712 words
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498 1995-05-20 6 Al Labita - From Al Labita in MANILA JURONG Engineering Ltd (JEL) is poised to bag a contract to draw up a master plan for the Philippines' first privately owned township project by MRC Allied Industries. Mariano Osmena, president of the newly listed MRC, told498 words
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EYE on your STOCKS
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Article18 1995-05-20 6 hor next week's expected market sentiment, see BT's Sentiment Index on E1.4 (Personal Finance Investment section)18 words
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Article, Illustration97 1995-05-20 6 Paul Leo - By Paul Leo HONG Leong Properties appears to be forming a "pennant" after the sharp rally last week from $1.63 to $2.18. It this pennant formation proved true, investors can expect another sharp rally to $2.50 soon. A break above $2.20 will confirm the bullish view but the97 words
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SHIPS IN PORT
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Article337 1995-05-20 8 insM Voy Mi BcrHi Arrival Departure VmmI ity Mi Birth Arrival Dapartwi Marina Wharves Mercury ut to h «/imo 21 «/omo IT tow Qui OS K23 1706/2200 24.05/2300 Mutn Hayu 06/% P03 2005/1500 2105/0600 Nurul hsari 1905 P01A 1905/2330 2005/0300 Nurd IBM 2005 P01A 20.05/1630 20 05/1730337 words
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Article1343 1995-05-20 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookie/Balance Rstts Ship Voy No Etb/Btr Period From To From tabde 2M 21/0700 IB 19/1500 19/1659 19/1900 26 19/1700 20/0659 20/0900 4 20/1200 20/1459 20/1700 ta How 066* 20/1500 1A 19/15001,343 words
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COMPANIES
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413 1995-05-20 7 Ruth Wong - From Ruth Wong LOSS-making Timah Langat plans to acquire 70 per cent of Malaysia National Insurance Sdn Bhd (MNI) for about Ms94l million (SSS3I million). The move is aimed at putting the tin mining company back on a profitable track.413 words
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279 1995-05-20 7 Al Labita - From Al Labita SAMANDA Holdings Bhd has turned around the almost bankrupt Westmont Bank and pumped in fresh capital in less than a year after taking it over, according to the bank's quarterly report. In its latest financial statement,279 words
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309 1995-05-20 7 JURONG Engineering Ltd said yesterday its $1.9 million tax provision for the financial year 1994 was due to a $1.3 million tax increase and additional assessment of $600,000 for 1985 to 1988. It also confirmed that $1 million of the309 words
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330 1995-05-20 7 Amy Balan - Khong Guan in reverse takeover move for Ms6b Kedah project By Amy Balan SINGAPORE Ailing biscuit maker Khong Guan Holdings Malaysia could finally end up as a vehicle for a Ms 6 billion (553.38 billion) privatisation project in Kedah. The company yesterday signed330 words
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321 1995-05-20 7 Ruth Wong - From Ruth Wong in KUALA LUMPUR ARISTON Sdn Bhd, a private firm controlled by businessman Chen Lip Keong, has roped in two Malaysian listed firms Tenaga Nasional Bhd and Faber Bhd to assist it in the development of a hotel321 words
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Article555 1995-05-20 7 Mm (fan prices May 20 22 Mendaki Gr Fund 1.01 I 04S Singapore Unit Tmst us&Fund 100 i.S* The Commerce 1.57 I 66xd UOB Asset Mgt Ltd TV Savings Fund 1.51 1.60 Unifund 1.41 147 S pore Prog Fund 0.61 0.65 Unibond> 1.03 1 055 S"pore Sec Fund 0.98 1.04555 words
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330 1995-05-20 8 Bloomberg Business News HONGKONG The Stock Exchange of Hong Kong censured two former executives of Win Win International Holdings Ltd for hiding their criminal records from investors, saying both lack "the character and integrity expected of a director". The exchange, whichBloomberg Business News - 330 words
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80 1995-05-20 8 Bloomberg Business News HONGKONG Coca-Cola Co will merge its two existing bottling plants in Shanghai into a single plant that will be its largest in China, and make Shanghai its national headquarters in China, the company announced yesterday. A new holding company, Coca-Cola (China)Bloomberg Business News - 80 words
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78 1995-05-20 8 Bloomberg Business News HONGKONG China Light Power Co, Hongkong's second largest utility, yesterday announced it will pay a special interim dividend of 35 HK cents. The dividend of 35 HK cents per share represents about 54 per cent of the net profit on sale ofBloomberg Business News - 78 words
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Article67 1995-05-20 8 Bloomberg Business News FRANKFURT Dresdner Bank AG said yesterday it's "confident" about earnings in 1995, even though its first-quarter operating profit lagged the trend of 1994. Germany's secondlargest bank said operating profit in the first three months of 1995 was less than three-twelfths of itsBloomberg Business News - 67 words
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69 1995-05-20 8 Bloomberg Business News HONGKONG Property and cinema company Far East Holdings International Ltd yesterday said its net profit fell 89 per cent to HKSB.S million (S$ 1.53 million) in the year ended Dec 31, down from HKS79 million the year before. Controlled by businessmanBloomberg Business News - 69 words
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151 1995-05-20 8 Bloomberg Business News HONGKONG The Securities Futures Commission yesterday said it reprimanded Merrill Lynch (Asia Pacific) Ltd for allowing four employees to act as securities dealers without being registered with the regulator. The SFC, the territory's top securities regulator, said it completed itsBloomberg Business News - 151 words
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Article, Illustration33 1995-05-20 8 AFP SEOUL Union members at Sanyong Motors Seoul headquarters yesterday fighting with management officials, who tried to block them from taking their wage demands directly to the company's top management. AFPAFP - 33 words
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148 1995-05-20 8 Bloomberg Business News HONGKONG Real estate investment and construction company China Investments Holdings said it sufTered a net loss of HKSB9.3 million (5515.5 million) in the year ended last Dec 31, due to a slump in mainland property prices. The loss, which is afterBloomberg Business News - 148 words
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333 1995-05-20 8 SCMP HONGKONG The competition to develop a multi-bil-lion property project at the future Central station escalated on Thursday when a consortium led by Cheung Kong (Holdings) and its 45 per cent owned Hutchison Whampoa declared its interest. Other heavyweights looking at theSCMP - 333 words
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276 1995-05-20 8 Bloomberg Business News HONGKONG Hongkong Telecommunications' line to its shareholders over the construction of a telephone link to Beijing has gone dead. Fund managers holding the company's shares would like more information, as would companies banging at the door of China's huge telecom market.Bloomberg Business News - 276 words
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535 1995-05-20 9 NYT ST LOUIS The Chrysler Corp raised its quarterly dividend by 25 per cent on Thursday, less than one-eighth the increase sought by its biggest and most meddlesome shareholder, Kirk Kerkorian. And Robert J Eaton, Chrysler's chairman and chief executive,NYT - 535 words
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Article, Illustration41 1995-05-20 9 Reuter LOS ANGELES John Edwardson, president of United Airlines, in front of the new United Boeing 777 on display at Los Angeles International Airport on Thursday. United Airlines took delivery of the jet earlier this week. ReuterReuter - 41 words
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353 1995-05-20 9 Bloomberg Business News WASHINGTON Billionaire investor George Soros shopped for drug stocks in the first quarter of this year, adding multimillion-dollar stakes in 13 drug companies to the stock portfolio he manages. Soros investment partnerships and funds took new stakes in seven drugBloomberg Business News - 353 words
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347 1995-05-20 9 Japanese corporate results Bloomberg Business News TOKYO Honda Motor Co yesterday said worldwide net profit rose for the first time in six years as higher sales in North America, Europe and Japan offset the effects of a stronger yen.Bloomberg Business News - 347 words
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361 1995-05-20 9 Reuter NEW YORK Time Warner Inc on Thursday announced the sale of 15 cable television companies for more than US$26O million (***** million) to help reach its goal of slashing up to US$3 billion from its mountain of debt. At theReuter - 361 words
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217 1995-05-20 9 NYT NEW YORK Conceding earlier rounds of job cuts had not trimmed costs enough, Bell South Corp says it will reduce its workforce by another 9,000 to 11,000 employees by mid-1997. Bell South announced its first big cutback, of 10,200 employees,NYT - 217 words
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237 1995-05-20 9 AFP TOKYO Japanese videogame giant Sega Enterprises said yesterday its group pre-tax profit plunged 40.6 per cent from a year earlier to 12.9 billion yen (SS2O4 million) in the year to March 31. The main rival to Nintendo Co said worldwide sales divedAFP - 237 words
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CORPORATE RESULTS
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Article82 1995-05-20 9 AFP TOKYO Japanese camera maker Nikon Corp said yesterday its pre-tax earnings soared to 5.9 billion yen (Ss94 million) in the year to March, up more than five-fold from 1.1 billion yen a year earlier. The affiliate of the Mitsubishi group said sales advanced 14 perAFP - 82 words
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Article68 1995-05-20 9 AFP TOKYO Japan's Kenwood Corp yesterday reported a pre-tax profit of 1.77 billion yen in the year to March, reversing a loss of 1.19 billion yen. The audio equipment manufacturer said its sales increased 8.8 per cent to 214.82 billion yen. The company forecast a higherAFP - 68 words
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Article73 1995-05-20 9 AFP TOKYO Japan's biggest shipping line, Nippon Yusen KK (NYK), said yesterday its pre-tax earnings leapt 40.5 per cent from a year earlier to 8.5 billion yen in the year to March. But the Mitsubishi shipping affiliate said operating revenues declined 2.6 per cent toAFP - 73 words
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84 1995-05-20 9 AFP TOKYO Japan's top chemical maker Mitsubishi Chemical Corp said yesterday its pre-tax profit surged 142 per cent from a year earlier to 5.35 billion yen in the year to March. The company, which also one of the world's biggest chemical concerns, said sales roseAFP - 84 words
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Article62 1995-05-20 9 Bloomberg Business News TOKYO Strong global demand for electronics helped Minebea Co the world's largest maker of miniature bearings, to a healthy profit in fiscal 1994, said Masahito Saigusa. the company's senior managing director. Minebea's current profit was 7.49 billion yen. compared with 4.11 billion yenBloomberg Business News - 62 words
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FINANCE & COMMODITIES
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373 1995-05-20 10 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE Industrial and Commercial Bank of China (ICBC)'s Singapore branch yesterday arranged a US$2O.5 million (5528.5 million) term loan for a Hainan real estate company. This brings the total arranged for China projects by the ICBC branch,373 words
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Article, Illustration482 1995-05-20 10 DBS Bank weekly currency review US$/DM: still consolidating The US dollar settled to consolidate its gains between 1.4280 and 1.4560 for the first three days of the week. It then made a fierce but brief rally to 1.4630 on Thursday night before giving up all482 words
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Article281 1995-05-20 10 Paul Leo - By Paul Leo SINGAPORE Polyester producer Tuntex Thailand Public Company tapped the Singapore offshore market for US$5O million (5569.6 million) yesterday. The company's president and executive director Edwin Choi, who witnessed the signing of the three-year floating rate loan at the Oriental Hotel, said Tuntex281 words
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183 1995-05-20 10 Bloomberg Business News SHANGHAI A day after banning bond futures trading, China's top securities regulator on Thursday ordered strict controls over the country's other experimental futures markets, state media reported. In an emergency circular, the China Securities Regulatory Commission warned that a sudden flowBloomberg Business News - 183 words
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403 1995-05-20 10 Bank federation chief says industry must work together to avoid instability Reuter TOKYO Japan's battered banking industry is not ready to let its members collapse, and the industry's healthy firms must work together to help rescue sick institutions, the chairman of the FederationReuter - 403 words
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Article, Illustration243 1995-05-20 10 SINGAPORE Intra-Asian trade has become the mainstay of Dutch bank Mees Pierson's commodity financing business in Singapore, a senior bank official said yesterday. Robert Speelman, a director of Mees Pierson in Holland, said that two years ago the bank expected intra-Asian business to243 words
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301 1995-05-20 10 ENERGY RETOtTfc Bloomberg LONDON Crude oil futures were mixed here and in New York amid speculation about the levels of North Sea crude supplies next month and US petrol reserves ahead of the summer driving season. Crude futures on the New York Mercantile Exchange wereBloomberg - 301 words
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Article194 1995-05-20 10 Reuter LONDON The dollar held steady in European trading, after a sharp slump late Thursday, as thin European trading and a dearth of fresh economic news left traders depending on charts for direction in recent broad ranges. Concern over the sudden weakness this week of the US stock marketReuter - 194 words
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Article92 1995-05-20 10 AFP NEW YORK The dollar was trading mixed against major currencies in New York early yesterday in slack trading dominated by technical transactions. At 1400 GMT, the dollar was trading at 1.4375 marks, down from 1.4392 late Thursday and at 86.75 yen up from 86.74. In London, itAFP - 92 words
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Article, Illustration1351 1995-05-20 10 IraJr-Hngtiinl index ivkvkutxl axwnn S'pon i top 14 iraJmf partners. I Box- )w /085 US$/S$ forward rates Noon /May 19 ss Bid Offer 1-month I 3861 I 3876 2-month 1.3809 1.3(24 3-monlh 1.3759 1.3774 6-monlh 1.3627 1.3647 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9 am m May 191,351 words
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COMMODITIES & FUTURES
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1377 1995-05-20 11 CJMfTY KBABT OlfVltLA nCrUftl Reuter SINGAPORE Simex Euroyen futures ended higher following Japanese government bond futures (JGBs), while Eurodollar futures were mixed at the close. Dealers said there was good buying interest from hedge mnds and European investors as JGB futures reachedReuter - 1,377 words
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Article671 1995-05-20 11 COMMODITY REPORTS Palm Oil CRUDE palm oil futures contracts surged on the K.LCE on news that India would enter the market in a big way. "The talk which came in late today said India is tendering for 12.000 tonnes of fresh RBD palm olein671 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article96 1995-05-20 11 CHICAGO Industry executives predicted US steel exports would rise sharply in 1995 from the already large, almost four million short tons exported in 1994. "We should double, maybe triple our exports in 1995 versus 1994." David Hoag. chairman of LTV Corp. said at a96 words
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Article127 1995-05-20 11 LONDON A Western consortium developing Azerbaijan oilfields are seriously considering Georgia and Russia as routes to transport "early oil" from the landlocked country after being rebuffed by Iran, the head of the consortium said yesterday. Terence Adams, head of the Azerbaijan International Operating Co,127 words
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116 1995-05-20 11 HONGKONG China's north-east Heilongjiang province will lift beet purchasing prices and provide 59 million yuan (SSIO million) to subsidise fanners in a move to boost production, the official Xinhua News Agency reported yesterday. Total planted area will be close to 300,000 ha this year,116 words
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Article1425 1995-05-20 11 SICOM Futures May 19 Rubber (futures closing as at 5.30pm) RSS I Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jun 247.00 247.00 247.00 Hi 950 Jul 235.00 235.00 237.50 100 2125 Aug 234.00 232.50 235.00 550 2925 Sep 237.00 230.00 232.50 700 22501,425 words
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REGIONAL STOCK MARKETS
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Article1083 1995-05-20 12 -27.5 SHARES plunged 1.4 per cent through the psychologically crucial 2,000 barrier yesterday following the overnight slump in Wall Street and a new run on the Australian dollar. The All Ordinaries Index ended the dav 27.5 points lower at 1,993.0. The All Industrials fell 44.3 to 2,990.8 and the1,083 words
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Article596 1995-05-20 12 -19.47 Share prices, marked by some foreign buying, slid slightly, reflecting the Dow's fall. The PSE Index closed 19.47 points down to 2,725.96. Turnover was 2.3 billion shares worth 1.6 billion pesos. Panic-selling occurred in the first half-hour of trade although the market moved up in mid-ses-sion on foreign596 words
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Article531 1995-05-20 12 -0.88 Stocks barely changed with a negligible decline of 0.01 per cent while most investors took a wait-and-see stance in the absence of fresh incentives. The 321-issue Weighted Price Index moved down 0.88 of a point to settle at 5,757.65. Turnover rose with 620 million shares worth NT$27 billion531 words
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Article461 1995-05-20 12 -4.39 Share prices were pushed down to the year's low on bearish sentiments, brokers said. The Composite Price Index shed 4.39 points to 876.02 in dull trading, rewriting the previous low of the year 876.89 points registered on April 24. Turnover was 16.37 million shares worth 252.8 billion won.461 words
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Article296 1995-05-20 12 -24.40 Shares closed 1.1 per cent down thanks mostly to softness in Australia and the US. The NZSE-40 Capital Index ended 24.40 points down at 2,131.39 after another reasonable day's turnover, which was worth NZ556.07 million. The market had started with a surprisingly resilient tone after the Dow's296 words
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Article109 1995-05-20 12 +51.16 Stocks rose as foreign investors, reassured by increased political stability, bought large-company stocks that are now cheaper than their global depository receipt counterparts. "Some stocks are now trading at as much as a 25 per cent discount to their GDR price," said a trader, referring to receipts for109 words
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WORLD STOCK MARKETS
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Article822 1995-05-20 12 -24.8 UK STOCKS fell for a fourth day as shares in British Telecom and retailers dropped, while companies with significant US earnings succumbed to a shakeout on Wall Street. Stocks also took their lead from the US, where the Dow was down some 20 points on top of Thursday's822 words
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Article182 1995-05-20 12 -24.31 French shares ended lower after Wall Street dropped on Thursday and yesterday and dollar weakness sent warning lights Hashing and led investors to take profits after a good run since the election of Jacques Chirac as president. Investors are now awaiting the first policy statements of the new182 words
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Article191 1995-05-20 12 -19.38 German stocks fell, dragged down by bank shares, as Deutsche Bank slumped on Thursday's news of a slide in its earnings and Dresdner Bank traded ex-dividend. The DAX Index fell 19.38 points to 2,064.42. Deutsche Bank was one of the biggest losers, as investors digested news that its191 words
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Article169 1995-05-20 12 -8.02 Belgian shares closed lower foljowing Wall Street's 82point dive and amid some uncertainty ahead of tomorrow's general election. Traders, however, said they did not fear a major correction as shares were still seen attractive compared to bonds. The Bel-20 Index closed 8.02 points lower at 1,447.16. A high169 words
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Article215 1995-05-20 12 -14.09 Stocks fell early as profittakers dominated the market after a strong run in the past four sessions. The TSE-300 Composite Index lost 14.09 points to 4,360.58 on volume of 10.9 million shares valued at C 5179.00 million. Advancing stocks outpaced declines 199 to 125, with 222 issues unchanged.215 words
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Article777 1995-05-20 12 -21.10 Stocks remained solidly lower in heavy trading early yesterday on carry-over selling from Thursday's sharp sell-off that drove the market to its lowest level in nearly six months. The Dow Jones Industrial Average, which plunged on 81.96 points on Thursday, was down 21.10 to 4,319.54 at 11am777 words
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Article148 1995-05-20 12 -125 Italian shares close off their lows but in negative territory as correction carried on with many players looking to book some recent profits. The Mibtel Index closed down 125 points to 10,301. Volumes slipped to around 650 billion lire from over one trillion on Thursday. Heavy falls on148 words
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Article266 1995-05-20 12 -4.99 Dutch shares closed lower, battered by blue chip Royal Dutch going ex-dividend, further losses on Wall Street after Thursday's plunge and the expiry of the May options series. The AEX Index closed down 4.99 points at 419.82, a touch below key chart support at 420, which traders said266 words
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Article107 1995-05-20 12 -11.42 Continued weakness fall on Wall Street combined with rising bond yields depressed Stockholm stocks. The OMX Index fell 11.42 points to 1,218.00 in moderate turnover of 2.48 billion crowns. "I expect a weaker bourse for some time ahead. If the US falls some more, shares here will go107 words
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Article240 1995-05-20 12 26.7 Swiss stocks fell for a third day as the dollar's failure to hold on to Thursday's gains hurt exporters such as Nestle and pharmaceutical shares. The Swiss Market Index of 23 stocks closed down 26.7 points at 2,701.0, with 20 stocks falling, one unchanged and one rising. The240 words
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Article382 1995-05-20 12 -68.1 South African shares finished a mostly slow day under pressure as buying interest dried up following steep Wall Street declines overnight and losses for European stocks, dealers said. They said nervous investors had lightened holdings ahead of the weekend after the weaker showing from key markets, but golds382 words
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Article542 1995-05-20 12 Vienna May 19 Aach ATX.I 1022 II Bank Austria AG 468 J2 CradilanslaH 5W 4 EVN I3M II Flufhafrn **0 4 Letuing M5 6 Uyiaa 4J5 14 Maculan Hid VZ 407 6 OMV AG I05« 7 Radc.HerakJ.ih 327 7 VA Techr>ok*ic 1165 +10 Vtffrund AG K 700 2 Wwnrrberj 3590542 words
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Article, Illustration2338 1995-05-20 13 Bloomberg Business News HONGKONG Stocks fell as investors continued v to reassess the value of companies in the territory, and were pushed down further by a poor performance on Wall Street on Thursday. The Hang Seng Index fell 102.4 points to 9013.32. The broader All Ordinaries Index fell 40.52Bloomberg Business News; Source: Bridge Info; SSource: Bridge Info - 2,338 words
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Article, Illustration475 1995-05-20 13 CLSA IN Hongkong, the H.share index gained 24.19 points to 1,174.64 on a turnover of HKSI 15 million. Shanghai Petrochemical surged 3 per cent on turnover of HK526.6 million. The Shanghai B Index dropped 0.6 per cent on turnover of US$3.B million, with trading interest mainly from overseas investors.CLSA - 475 words
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Article, Illustration2452 1995-05-20 13 Bloomberg Business News TOKYO Stocks fell for the thind time this week, reaching tbair lowest point in mote than a month, amid concerns over weak corporate earnings and the stagnating yen, traders said. The Nikkei Average fell 171.71 points to 16,140.85. The last time the Nikkei ended trading thatBloomberg Business News; Source: Bridge Info - 2,452 words
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Article, Illustration1156 1995-05-20 13 Reuter BANGKOK Stocks recouped some ground in the afternoon after plunging at the open on political uncertainty after a major political party left the government coalition, brokers said. Investors gained confidence and began buying blue chips just before the lunch break after it was announced that Prime Minister ChuanReuter; Source: Bridge Info - 1,156 words
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Article, Illustration748 1995-05-20 13 Reuter JAKARTA Stocks closed mixed in moderate trading despite late buying of big-capped stocks with many players cautious ahead of a change to computerised trading on Monday. "The expected computerised system due Monday has caused uncertainties and pushed prices lower in morning trade," one broker said after the dose.Reuter; Source: Bridge Info - 748 words
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Article2169 1995-05-20 14 Gf Gr I9M Laat Vai Day Laat Qaato W» D* YM N* MCa» High Um j Sri* f«M) Hlgk Law Bay* Sdhr Or rtt tail MMAYSMM STOCKS 47| IN a ABB 30c MS -.0 935 400 316 Ml 390 34 49 02 127 774 m AMDS «c 972,169 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6137 1995-05-20 14 Bloomberg Business News KUALA LUMPUR Stocks feU as investors bid down shares on expectations that foreign investment in Malaysian shares will dwindle after US and regional stocks tumbled on Thursday. "It's a quite normal reaction with overseas bourses down,** said a dealer. "WeBloomberg Business News; Source: Bridge Info - 6,137 words
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STOCK EXCHANGE OF SINGAPORE
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Article8902 1995-05-20 15 Gr Gr M Wl IW Last V«l Day I Ml Qmott Di. Dh VM Nrt ap V»« High Ln (Mfii! Sak COM) Hick Low B«>m Seller C.r P/E tail Price INDUSTRIAL AND COMMERCIAL 482 382 ml s Acma 50c 404 cd -4 267 408 402 402 406 22.5 2 88,902 words
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Article, Illustration1827 1995-05-20 16 R Sivanithy - By R Sivanithy SINGAPORE Severe overnight weakness in New York that raised concerns about the state of the US economy and its equity market spread throughout the region yesterday, dragging prices here lower across-the-board. Losses, however, were relatively well contained and came onCharts by Bridge Info; Source: Bloomberg - 1,827 words
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Page 6 Advertisements
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Advertisement346 1995-05-20 6 NEWS VALUE PM proposes middle-income satellite town in Shanghai (Pg 0 Could revive interest in so-called "China concept" stocks. Thai parliament dissolved, snap polls called for July 2 (Pg I) Foreign stockmarket investor likely to adopt a wait-and-see attitude. Aussie dollar falls below Sing for first time (pg 1) Not346 words
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Page 7 Advertisements
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Advertisement1260 1995-05-20 7 ro AVI MO f SINGAPORE LIMITED AVIMO SINGAPORE LIMITED (Incorporated in Singapore) Interim Unaudited Results for the Half Year ended 31 March 1995 and Dividend Announcement The Board of Directors of Avimo Singapore announces the following results for the half year to CHAIRMAN'S STATEMENT 31 March 1995. Group Company The1,260 words
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Page 9 Advertisements
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Advertisement430 1995-05-20 9 In the fast world of commodity finance you must know when to move Mee^Pierson Trade and Commodity Finance 2nd Anniversary of A Global Specialist in Singapore MeesPierson NV Singapore Branch 30 Raffles Place #19-00 Caltex House Singapore 0104 Tel: *****88 Fax: *****33 Ttade Commodity Finance is also represented in Amsterdam,430 words
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Page 11 Advertisements
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Advertisement89 1995-05-20 11 Financial News Kj]l A Quick Look At The I Mfl I Market! Call 24 hours a day for I I SES KLSE midday II reports, I market reports and business news. Cost: 30 cents a minute <«*.* MRlitine An SPH AudioTcx Servicc Any Job. Any Career. Available Any Day. Any89 words
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Advertisement20 1995-05-20 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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Page 12 Advertisements
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Advertisement23 1995-05-20 12 //pgl STRAIGHT TALK \__jslllc7 ™)j You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Business Times23 words
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Page 13 Advertisements
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Advertisement7 1995-05-20 13 BusinesslT lait\ Mondav. in Business l imes7 words
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Page 14 Advertisements
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Advertisement39 1995-05-20 14 Keo» i„ step wi* market trends 5-year price/volume charts Daily latest SES/KLSE for SES or HKSE stocks L_ S HS BaßL.l' corporate news •42 Indicators S B commentary .averages, etc, □Vvv I \rC lUj »-year financial Custom formulae statements39 words
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Page 15 Advertisements
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Advertisement23 1995-05-20 15 QF A ALA^DELON r 1. £7JJ/Ci? Eft j^aJ p V I' r pll .tin im ni ■■inn nn|ii»n «r rMiiiinMiiiM miiiTi i» miih23 words
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Page 16 Advertisements
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Advertisement17 1995-05-20 16 HIGH STAKES Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. BusinessDmes17 words
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Advertisement633 1995-05-20 16 Bjnn<^sm^s TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 IN THE MATTER OF THE COMPANIES ACT, CAP. S» AND IN THE MATTER OF OCEAN GLOBE PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE IS HEREB Y GIVEN lhat at an Extraordinary General Meeting of the Company was convened and held at 7500 A Beach633 words
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Advertisement227 1995-05-20 16 IN THE MATTER OF THE COMPANIES ACT (CAP. 90) AND IN THE MATTER OF WANQ CONSULTANTS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING OF MEMBERS NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Com pan i*a Act. Cap. SO. that a Final General Mooting of227 words
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Advertisement358 1995-05-20 16 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF ASEANA SENPAKU (S) PTE LTD (In Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Chapter 50, that a Final General Meeting of the abovenamed Company will be358 words
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Advertisement292 1995-05-20 16 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF BET ALAND COSMOS SYSTEMS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL RESOLUTION Pursuant to Section 290(2)(b) At an Extraordinary General Meeting of the Company held on 19th May 1995 at 315 Outram Road, #13-07292 words
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Executive Lifestyle
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Article, Illustration1815 1995-05-20 17 Jaime Ee - Paolo Zegna, grandson of Ermenegildo, tells Jaime Ee in a recent interview in Italy how the luxury menswear company manages to remain on the cutting edge and its plans to tap the Asian market Jaime Ee HERE'S a piece of trivia you may not have heard1,815 words
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STRAWS IN THE WIND
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Article54 1995-05-20 17 MOTHERS get the strangest gifts on Mother's Day. Last Sunday, the Chinese restaurant at Pinetree Club gave each lucky Mom a little bag of goodies that included a brochure on gum disease, a medicated toothpaste, detergent for washing delicate garments and a tiny tea canister. Just what a54 words
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Article27 1995-05-20 17 SOMEONE just received a brochure from a marketing company advertising some Easter specials. "I know the mail is slower these days, but Easter?" she said.27 words
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Article62 1995-05-20 17 A BAKERY assistant obviously didn't know what he was in for when a customer asked what kind of cheese was used in their cheese buns. Confused, he dragged out the baker who told the customer "Uh, yellow cheese?" But all cheese is yellow, the customer said. The baker62 words
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Article34 1995-05-20 17 PEOPLE are getting more imaginative with the messages they leave on their answering machines. Example: "The sorcerer is not in. He's out for a spell. So leave your message after the bell."34 words
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OPINIONS
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Article, Illustration1105 1995-05-20 18 NEVILLE STACK - LETTER FROM AUCKLAND Racial resentment in New Zealand is threatening to choke the flow of foreign investment NEVILLE STACK The writer was in New Zealand recently New zealanders are comfortably accustomed to being assured from both within and without that they live in a paradise,1,105 words
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616 1995-05-20 18 Gopal Panicker - It is time travellers had a choice, says Gopal Panicker Gopal Panicker INDIA'S civil aviation minister has done a great disservice to the nation by announcing that his ministry has rejected a proposal by the Tatas and Singapore Airlines to run an616 words
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Article, Illustration276 1995-05-20 18 Zack Mckown - LETTER TO THE EDITOR Zack Mckown Managing Director, Tsao Mckown (S) Pte Ltd (Design Consultants for Suntec City) -1 WANT to commcnd the writer Jay Khosla for his insightful and even-handed analysis of our design. Suntec City (BT, April 29-30). There needs, however,276 words
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CORPORATE PROFILE
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Article, Illustration2114 1995-05-20 19 Al Labita - Ayala Corp president Jaime Augusto Zobel de Ayala II tells A 1 Labita how the Philippines' largest conglomerate plans to deal with deregulation Asia's corporate giants -A fortnightly series Al Labita THINGS are going very well, says Jaime Augusto Zobel de Ayala 11,2,114 words
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Article416 1995-05-20 19 AYALA Corp has 21 foreign partners, of which 12 are Singapore companies. This is the biggest contingent of Singapore partners any Filipino company has. Of the 12 partners, three have individual tie-ups with Ayala and nine as a group. Singapore Telecom, Singapore Network Services (SNS) Pte Ltd416 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration526 1995-05-20 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance, Baring, Daiwa Research, DBS Investment Research, Fraser, G K Goh, Nomura, OCBC, Peregrine, S B S H G Asia, S G Warburg and Smith New Court Buy! Nomura Research Institute526 words
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Article, Illustration411 1995-05-20 20 Patrick Tan - Patrick Tan Assistant Director Rothschild Asset Management Singapore 66T OOKING at the I trend of stock JL-/ prices in recent days, one marvels at how swiftly despair can give way to euphoria. After several false starts, foreign funds and domestic institutional investors have finally returned with some411 words
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Article, Illustration825 1995-05-20 20 Joyce Quek - THE WEEK By Joyce Quek Look more closely at certain facts and dispel the fiction that surrounds them; look more closely at MBAs mutually-beneficial alliances and see the intriguing possibilities ahead. This week, it was announced that Singapore's economic growth in the first quarter (1Q95)825 words
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858 1995-05-20 20 Joyce Quek - Barings' recent crisis has not changed the perception that it offers quality research. Joyce Quek has the details Joyce Quek IN SPITE of its former parent's collapse and the departure of some research heads, Baring Securities remains Asia's leading research house. Seven Baring858 words
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Article, Illustration825 1995-05-20 20 Al Labita - Eye on Philippines From Al Labita in MANILA MAY is usually a lean month in the Philippine stock market; trading is hardly exciting. But this May was an exception the market suddenly exploded to new highs. It was unexpected and had most analystsSource: Bridge Info - 825 words
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Article891 1995-05-20 21 Peter J Sutherland - Peter J Sutherland sees buying opportunities in Singapore and Malaysian markets Peter J Sutherland The writer is director of research at DBS Investment Research BASED on long-term average price-earn-ings ratios (PER) and earnings per share (EPS) growth, shares in Singapore and Malaysia are now at their891 words
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Article, Illustration903 1995-05-20 21 Colin Williams - Colin Williams gives the lowdown on the things to look out for when you decide to go house-hunting Colin Williams The writer is director of valuation, Newman Goh property consultants Buying a house is probably the most important investment decision most people will make.903 words
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1069 1995-05-20 21 Michael Evans - Car financing don't be penny wise, pound foolish Ask all the right questions, urges Michael Evans Michael Evans The writer is the head of retail banking at Bank of America in Singapore LOOKING at car-financ-ing? You should know the various options available to ensure you ask the lender the right1,069 words
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Article, Illustration569 1995-05-20 22 SUSAN TSANG - Cinema Review By SUSAN TSANG IN THEORY. Rob Roy is an uneasy formula it is set 300 years ago in the Scottish Highlands, where the men wear skirls. In practice, however. Rob Roy works as a marvellous piece of entertainment. The film, like its hero, is packaged for569 words
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Article, Illustration1394 1995-05-20 22 Jaime Ee - Jaime Ee visits northern Italy and is entranced by the scenery the food, the shopping and some of the people Jaime Ee I'M IN the middle of Milan on a sunny afternoon and I'm trying to buy an ice-cream. It's not that easy. I'm alone. IPhotos by Jaime Ee - 1,394 words
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Article, Illustration757 1995-05-20 22 AMN, doesn't this place I make you feel like tying up your hair, wearing sandals and riding down the street on a scooter?" She should talk. She certainly had the hair, the sandals and enough of a body to make any Italian playboy757 words
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Article, Illustration595 1995-05-20 23 ACCORDING to current standards of politically correct corporate behaviour, all you need to do is build a gym and/ or a creche for your employees and you're held up as an example of a company that cares. If these companies knew what595 words
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SPORTS
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SIDE LINES
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127 1995-05-20 24 AP HARRISON, New York With the US Open in sight, defending ehampion Ernie Els has his game in gear. Coming otT a victory at the Byron Nelson Classic last week. Els shot a 68 on Thursday in the first round ofAP - 127 words
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Article, Illustration86 1995-05-20 24 AP ATLANTIC CITY, New Jersey Two-time heavyweight champion Evander Holyfield. saying he is healed and healthy, weighed in at 94.4 kg on Thursday for his comeback fight against Ray Mercer (above). Mercer, also on the comeback trail, weighed 101 kg for tonight's bout at theAP - 86 words
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150 1995-05-20 24 Reuter ROME Croat Goran Ivanisevic, thrashed by Andrei Medvedev in the German Open final last Sunday, took revenge by beating the Ukrainian in straight sets on Thursday to reach the last eight of the Italian Open. Third seed Ivanisevic, a beaten finalist here inReuter - 150 words
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Article112 1995-05-20 24 AP MOSCOW One of the grand houses of Atlanta, described as a "Gone With The Wind-type house", will be turned over rent-free next summer to the Russian Olympic Committee so Russia can have a proper place to showcase its champions. "It's not that we don't likeAP - 112 words
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126 1995-05-20 24 AFP LOS ANGELES Hideo Nomo is getting the hang of major league celebrity now he just needs to win a ball game. Nomo, who became only the second Japanese to play major league baseball when he joined the Dodgers this season, is becoming theAFP - 126 words
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SCORE CARD
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Article, Illustration128 1995-05-20 24 LAUSANNE, Switzerland World championships mixed team event for the Sudirman Cup on Thursday (men's singles, women's singles, men's doubles, women's doubles, mixed doubles) Group 1A: South Korea 4 England I (Kim Hak Kyun b Anders Nielsen 15-9 15-8; Bang Soo Hyun b Joanne Muggcridgc 11-8 11-1; Yoo Yong Sung/Kim128 words
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Article, Illustration36 1995-05-20 24 NEW YORK NBA semi-finals on Thursday East: Chicago 102 Orlando 108 (Orlando wins best-of-seven series 4-2). West: Houston 116 Phoenix 103 (Series tied 3-3); LA Lakers 88 San Antonio 100 (San Antonio wins series 4-2).36 words
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Article, Illustration122 1995-05-20 24 TARENTE, Italy lour of Italy 6th stage (165 km between Irani and larente) on Thursday: 1 Nicola Minali (Ita) Gcwiss 4h llmin 15sec 2 Mario Cipollini (Ita) at same time 3 Jan Svorada (Svk) st. Overall standings: I Tony Rominger (Swi) 24:1:54 2 Maurizio Fondricst (Ita) at 51 sec122 words
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Article, Illustration84 1995-05-20 24 HARRISON, New York US$l.2 million (Ssl.7 million) PGA Buick Classic Ist rd on Thursday (US unless stated): 67 Doug Martin 68 Grant Waite (NZ), Mike McCullough, Ernie Els (SA), Bruce Fleisher. Mike Hulbert 69 Jim Furyk, Fulton Allem (SA), Larry Rinker. Clark Burroughs, Marco Dawson. David Duval. Chip Beck.84 words
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Article, Illustration226 1995-05-20 24 ROME US$2 million Italian Open 3rd rd on Thursday: 7-Thom-as Muster (Aut) b Bohdan Ulihrach (Cze) 6-2 6-2; 3-Goran Ivanisevic (Cro) b 14-Andrei Medvedev (Ukr) 6-1 7-6 (7/3); 16-Jonas Bjorkman (Swc) b Fabrice Santoro (Fra) 3-6 7-5 6-1; 12-Stcfan Edbcrg (Swe) b Corrado Borroni (Ita) 6-0 6-2; 8Scrgi Bruguera226 words
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Article, Illustration616 1995-05-20 24 Golf AFP, Reuter LONDON Nick Faldo and some of his Ryder Cup colleagues are so concerned about the state of the PGA European Tour that they are seeking an urgent meeting with executive director Ken Schofield, according to a newspaperAFP,; Reuter - 616 words
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Article, Illustration643 1995-05-20 24 NBA Playoff UPI NEW YORK The Orlando Magic and San Antonio Spurs, in wrapping up their second round playoff series in six games each, gave themselves that all-important element to post-season success rest. Both the Magic, which ended Michael Jordan's run at a fourthUPI; Reuter - 643 words
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Article, Illustration693 1995-05-20 24 Chris Matyszczyk - FA Cup Final Preview Chris Matyszczyk laments the season's regression Chris Matyszczyk LONDON Erudite commentators contemplating the FA Cup Final will look upon it as the climax of a traumatic Premier League season. But perhaps Everton vs Manchester United has a693 words
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Article403 1995-05-20 24 Michael Karem - Michael Karem evaluates the chances of the two teams Michael Karem LONDON Despite Manchester United being the odds-on favourites, there are no dead certainties in a Wembley Cup Final. And for Everton fans there are encouraging signs that The Blues are on an upswing, while the403 words
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Article, Illustration339 1995-05-20 24 WORLD CUR 1 993 AP Reuter JOHANNESBURG The killer Ebola virus spreading terror in Zaire poses virtually no risk to overseas fans travelling to South Africa for the Rugby World Cup, say officials. "Overseas tourists are often misinformedAP; Reuter - 339 words
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Article, Illustration2417 1995-05-20 25 Christopher Toh - Compiled by Christopher Toh The Tiger on the Right The Dragon on the Left II Directed by Jude Narita. this play is written by Singaporean women about their own experiences of family life, growing up. womanhood and national identity. Until May 21. 8pm at Jubilee Hall. Raffles Hotel.2,417 words
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PEOPLE
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Article, Illustration147 1995-05-20 25 ANA Hotel Singapore's business partners were in for a special treat earlier this month. A champagne luncheon was held in their honour at the hotel's Hubertus Grill. During lunch, the hotel's general manager Rudi Schcrb presented awards to the top supporting corporate, travel agent and147 words
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EPICURE
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Article, Illustration671 1995-05-20 26 JAIME EE - Bon Appetit By JAIME EE THERE'S a new steakhouse in town that aims to dispel the notion that you can lead a diner to a piece of meat but you can't make him cook it. The Oaks Grill and Bar, on the first floor ofPhoto by Chris Loh - 671 words
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Article, Illustration443 1995-05-20 26 KEVIN SULLIVAN - By KEVIN SULLIVAN THE Carlton Hotel's Brasserie Restaurant is serving French cuisine with a difference this week. The hotel has flown Chef Colin Ryan Smith in from Australia to prepare a broad selection of dishes in which traditional French fare is garnished with quintessentially443 words
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Article781 1995-05-20 26 N K YONG - Wine By N K YONG SMALL is supposedly beautiful, but big can also be beautiful. The word boutique, borrowed from the world of fashion, when used for wines has come to mean premium wines from small wineries. These wines possess a level of quality that large781 words
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Article, Illustration955 1995-05-20 28 A Goofy Movie. Goofy takes his reluctant teenage son on a fishing trip. Changi: 11am; 5.30pm. Jurong: spm, plus 11am tomorrow. Yishun: 4.50. Bishan: 4.45. Pavilion: 5. Before Sunrise. Two 20-some-things spend an evening chatting. Lido: 12am. Jade: 11.45pm. Blindfold: Acts Of Obsession. Shrink Judd Nelson tells a couple955 words
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Page 17 Advertisements
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Advertisement54 1995-05-20 17 «wra«aw The '-a-****/ way of turning shares into HOHaiMMaWIHCtUMMU ■HII»UWHM»IUU«I» *****33 *****33 HLf 3323 y agl X The Summer Palace at The Regent. A fine blend of cultural intricacies and Cantonese delicacies. Singapore I A Fou« Seasons Recent Hotel I THE REGENT. SINGAPORE I CUSCADEN ROAD SINGAPORE 102-4 FOR RESERVATIONS.54 words
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Page 18 Advertisements
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Advertisement185 1995-05-20 18 The Credit Suisse Guide to Managing Your Personal Wealth Published by: Edinburgh Financial Publishing (Asia) Ltd Issues surrounding wealth preservation and management are often complex ami technical, hence Credit Suisse, in conjunction with Edinburgh Financial Publishing, has produced The Credit Suixxe Guide to Managing tour Personal Wealth. This straightforward, gimmick-free185 words
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Page 18 Miscellaneous
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Miscellaneous68 1995-05-20 18 (bilU, MGVeR) I ONCE- THe GIRLS 9JARX POC,ORD'N>G TOTUe. VL6J>NRN-.- J EOV ~n-fe Fißm RRe GOtfGr DfceSSES THEREfS PtLU)P(ysl THROUGH ft Sough PWCH/ p* IN TUE, THEL c—o\ VuiORKfWE y as k, sk.. f t ASSOCIATED NEWSPAPERS LTD POONESBURY GARRY TRUDEAU "I 1 PtP/HSAN TO COMB OUT W MY HATE68 words
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Miscellaneous14 1995-05-20 18 INTERNATIONAL Syndituw. UaA "No, you were driving on the wrong side of the road!"14 words
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Page 21 Advertisements
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Advertisement23 1995-05-20 21 (gh STRAIGHT TALK You shouldn't have to read between the lines 11fl7jux to et u P' cture Companies Markets. Everyday. f Business Times23 words
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Advertisement38 1995-05-20 21 Corrections Clarifications LAST week's article headlined "A short guide to estate duty" referred to a tax rate of 30 per cent. This is incorrect, the current tax rate is 27 per cent. We are sorry for the error.38 words
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Advertisement13 1995-05-20 21 JOMBm /IBr *<$83BI®^W^asN^^B LEVEL 4 ISETAN ORCHARD TELEPHONE *****96 A CLUB 21 BOUTIQUE13 words
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Page 22 Advertisements
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Advertisement236 1995-05-20 22 j ARE YOU READY? Well, you'll be as ready as you can be. As a SEE YOU AT THE BIG WALK! gentle reminder to all our walkers, here are a Remember to bring along your number tag. your identification when claiming a prize. Please do not remove the section with236 words
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Page 23 Advertisements
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Advertisement494 1995-05-20 23 IB n Hb VI mm 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, day-to-day and494 words
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Page 25 Advertisements
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Advertisement105 1995-05-20 25 r ai i ■■jimini mi 'i tin nrr"- —r" rr' I ■ww< 1 W: 32 L»cfcy Pt»M Td *****54 Eastern Watch PVr Ltd ■01l»/»Cm*iful«T«< Z3S2S3* (aweiWry l.»< PW L»d 44 Alexandra Temoe JIS B«dg (OW raw >v [\.n*n* Rd) Td 47">UW Boy Eaaten. Watch Pt. Ltd *11-74 Lucky PWaTd: *****16105 words
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Page 26 Advertisements
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Advertisement58 1995-05-20 26 9 pJtKK*arvclHnZorm*utMl Presents BOOK NOW for the KTV Rooms special 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 your event m e mo Singapore 1130 Te1:356 1136 JUST DESERTS Legal discourses In digestible58 words
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Advertisement391 1995-05-20 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 Y sumptuous, mouth watering BBQ buffet spread L Price: $26.00+++ (Adult) n®; $12.50+++ (Child) 1 T HOTEL MEIJA AT SCOTTS SINGAPORE 0922 TEL *****85 FAX *****32 Jfoaters391 words
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Page 27 Advertisements
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Advertisement359 1995-05-20 27 This BUD'S For You J WHERE TO WINE, DINE AND ENTERTAIN OF BEERS^^^m TH€ MOST RUTH6NTIC ITALIAN PflSTft PIZZA IN TOUJN CS All Pasta Lovers! Outlet At AU-TIME ITALIAN FAVOURITES... ...NEARER TO THE EAST PACTA FRESCA DA SALVATORE PTE LTD 30 loot Quay SWIM) (OKN 24 HOURS) U: *****83 *****10359 words
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Advertisement306 1995-05-20 27 "JCitjh Qea start* at tJftiyh Moon. Don'l mihs our dclicious Ili|>h Tea Duffel available from J2 uuuil lo s|>Jll every weekend. Price: SI3.MU Uitill) $8.80 (child) A La Carte Menu U albo available. All MVS .lIV Mlbjlll lit lll** M.TVHV l ll.ll>>'. IS I'.im riiiiti itl l.i\ .iihl Vi tif»l306 words
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Advertisement270 1995-05-20 27 DIALECT HI-TEA Mi Whether you're fluent in many languages or just one, you'll have no problems appreciating our new weekend Dialect Hi-Tea selections at Cafe Plaza. Savour an array of dialect delicacies and tempting desserts. If that's not enough, our Dialect Hi-Tea also includes karaoke at Singsation Theme Karaoke. Hi-Tea270 words
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Advertisement248 1995-05-20 27 fancy (Beijing? Then, we're delighted to suggest the Tine Court for a memorable dining experience. Our lunch menu offers a variety of dian "Beijing dumplings, a selection of set menus, and Beijing specialities such as Beijing Dueßathed Tench and HESS®*! Marinated Lamb, fancy some nowf RESTaVrA\T I I )31 Orchard248 words
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Page 28 Miscellaneous
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Miscellaneous2186 1995-05-20 28 TODAY'S TV 6.30 Motivasi Senaman. 7.00 Berita Semasa. ABN. 7.30 Isu Semasa. 9.00 Berita Semasa. 10.02 Rice Mice. Bike.Mice. o'on MM P I n 12 is 1 nn Revond 2000 200 Dari Seberan? 3*40 Misi 98. 4.00 Baba A Nyonya 5.00 Tdeton. I'm 6.00 News 6.30 Dari Pusat Islam. 7.002,186 words
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