The Business Times, 27 May 1995

Microfilm: NL19983
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    13 1 BUSINESS TIMES Wli KNOW ASIA MITA(P) 194/12/94 Weekend Edition, May 27-28 1995 85*
    13 words
  • Article
    Listed KL firms boost profits 25%, pace set to continue
    575 1  -  By William Chia SINGAPORE Rapid economic growth helped Malaysian listed companies raise their total earnings by 25 per cent to M$ 14.54 billion (558.22 billion) last year, according to figures provided by Malaysian stockbroker Zalik Securities. And many analysts expect
    575 words
  • Article
    Bad debts of Japanese banks hitting critical level: Tokyo
    429 1  -  From Anthony Rowley in TOKYO A SENIOR Japanese financial official acknowledged yesterday that the problem of bad debts for Japanese banks is becoming "critical". He spoke as Japan's three long-term credit banks reported a 27 per cent drop in their aggregate
    429 words
  • Article
    Lock icon Japan remains richest nation with overseas assets of US$689b
    308 1 AFP TOKYO Japan was the world's "richest nation" last year for the fourth consecutive year, with its balance of net overseas assets at a record US$6B9 billion (*****.7 billion), the Japanese government said yesterday. The balance of its net overseas assets
    AFP  -  308 words
  • Article
    Lock icon US dollar hits a low of 82.87 yon in Now York
    104 1 Bloomberg Business News NEW YORK The US dollar yesterday tumbled to a onemonth low against the yen and a two-week low against the Deutschemark amid expectations that US interest rates would have to be cut before long to foster
    Bloomberg Business News  -  104 words
  • Article
    Lock icon Heckling time at HSBC annual meeting
    329 1 Reuter LONDON A tank and loud protests disrupted banking group HSBC Holding pic's carefully laid annual meeting yesterday, as demonstrators railed against UK subsidiary Midland Banks' financing of Third World arms sales. In a dramatic move, the tank more precisely a 1963 Abbot self-propelled
    Reuter  -  329 words
  • Article
    Fu Yu to raise $40m-$50m from main board IPO
    341 1  -  By Quak Hiang Whai SINGAPORE Plastic injec-tion-mouldings company Fu Yu Manufacturing is expected to raise between $40 million and $50 million from an initial public offer it will launch on Monday. The offer, on the main board of the Stock Exchange
    341 words
  • Article
    Dow down 43 points at 2am
    261 1 NEW YORK Wall Street stocks fell sharply for the second straight session yesterday on concerns over the falling US dollar and fears that the weakening economy might be slipping into recession. After plunging over SO points in morning trading, the Dow Jones Industrial Average
    261 words
  • Article
    Untitled
    167 1 Stock Market ImHcm Friday Ckuft STII 2,***** -8.84 KLSEComp 1,047.57 +7.86 Nikkei 15.694.23 +114.81 Hang Sent 9,329.18 -61.42 SETlndex 1,389.91 -0.51 Jakarta Comp 473.69 -1.14 Manila Comp 2,764.51 -16.22 Taipei WP1 5,561.15 -57.84 Seoul Comp 850.76 -11.42 Bombay BSE30 3,235.55 +22.53 CLSA China B 789.94 +11.14 Aust All Ord 2,023.8
    167 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      7 1 Broadcasting: el i A Pan-Asian pipe dream?
      7 words
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      Page 1 Advertisements Column 2
      10 1 Equities: el 4 Don't bet on a bull run yet
      10 words
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      Page 1 Advertisements Column 3
      62 1 Hock Lock Siew: Pg 6 What's up at Timah Langat .9 «U They were born that way. So what can we do? I mean we have to accept that some people are born left-handed, right handed, but some people are born liars 9 Dr Mahathir on the BBC documentary on
      62 words
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      Page 1 Advertisements Column 4
      93 1 jBT wte Raffles Conversation: el 3 r Helen Clark, 7VZ Labourite Regional market reports, Pg 12-16 /W 7/, 'iflu Mw v, JP^HHH /?o/« Day-Date. Chronometer in 18 ct gold. Bezel and dial set with brilliants. SINGAPOK THE HOUR GLASS Takashtmaya ShoppmQ Centre Tet *****20/1 Lucky Plaza Tel *****62/543 Scotts Tel
      93 words
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      Page 1 Advertisements Column 5
      31 1 S"port News 2 Spore# sa 6.7 Rcpon* Mews 3,4 Fnancal 9.10.11 WorU IS ojSITL—fU Clofc/KLSE. SES 14-K PI EL4.5 12.13 Revwws ELS.7 12 Sports ELS Cmmtm 8 TV/Mo ELI2 Sma/Comnio _10.11
      31 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Opposition rapped for stand on Contemplacion case
      569 2  -  In Parliament Yesterday PAP MPs say Opposition's actions were detrimental to Singapore's interest By Chuang Peck Ming THE Parliamentary debate on the Flor Contemplacion ease took a surprising turn yesterday: the spotlight shifted from the government to the Singapore Democratic Party and the
      569 words
    • Article
      Agents back new rules on HDB resale prices
      277 2 NEW procedures introduced by the Housing and Development Board to curb under-dec-laration of resale transaction prices are a step in the right direction, property agents say. A Knight Frank manager estimated this week that before the revamp, 90 per cent of all
      277 words
    • Article
      $200 top-up for S'porean GPF members in October
      151 2 SINGAPORE Singaporeans with Central Provident Funds accounts will receive $200 from the government this October under the CPF Top-Up Scheme. The payment, First announced in Parliament this year, is to reward Singapore citizens who have contributed to the growth of the economy.
      151 words
    • Article, Illustration
      NTUC Income gets go-ahead to set up office in Beijing
      395 2 SINGAPORE Insurance cooperative NTUC Income would set up a representative office in Beijing soon, its chairman, Ng Pock Too, said last night. Speaking at Income's annual general meeting, Mr Ng said the co-op had obtained official approval from the People's
      395 words
    • Article, Illustration
      Local marine firms hoist sales 8%
      354 2 SINGAPORE Members of the Association of Singapore Marine Industries (ASMI) chalked up an 8 per cent increase in gross turnover last year to $2.7 billion. ASMI president Tan Mong Seng, who disclosed the figures yesterday at the association's annual general meeting, said the improvement
      354 words
    • Article
      NEC to pump $130 m into its S'pore, M'sian plants
      422 2  -  By Claire Leow NEC Corp of Japan, a leading semiconductor company, plans to make its biggest annual capital investment this fiscal year, and SSI3O million of that amount will be for its Singapore and Malaysian plants. NEC intends to invest
      422 words
    • Article, Illustration
      Changi Airport ranked world's No 1 for the second year running
      189 2 CHANGI AIRPORT has been named the World's Leading Airport in the 1995 World Travel Awards, for the second year running. The Civil Aviation Authority of Singapore (CAAS) yesterday received the award at a ceremony at the New York Plaza
      189 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      119 2 BUSINESS TIMES TOLL-FREE TEL. No. 1-BQO-741-1883« FAX: 741-1298 r" I A Leading Jakarta Securities firm b looking for HI qualified candidates with university degree for the |n p following positions: l Degree in Finance or Accounting preferred Minimum 3 years working experience as a Securities Analyst or Corporate Finance Excellent
      119 words
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      Page 2 Advertisements Column 2
      18 2 r PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday. Business Times
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      473 2 Showers ovef a few areas m tr>e late mommg and afternoon. Tempefatu- t.|. r»iHi m/w Ceod. Emm m/W Cai Buenos Mm 14A» Oou^r AucMand 13/07 Cloud* Amsterdam 16/11 Stainy CKcago ,—2O/14 CtaiJ Brtot 35/27 r storm A#»ns 28/18 Tstorm HonokAj 27/21 Ooi^r 29/16 Cloud* Bertn 19/09 Strtty Houston 27/17 Ckxxfc
      473 words
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  • THE REGION
    • Article, Illustration
      Lock icon China offers talks with Taiwan on post-1997 HK
      454 3 Reuter AFP TAIPEI A top China negotiator made Beijing's first offer for formal talks with Taiwan on its relations with Hongkong after the British colony reverts to Chinese rule in 1997. In a major conciliatory message toward its longtime rival, the leader
      Reuter; AFP  -  454 words
    • Article
      Lock icon Viet PM off to Europe to cement economic ties
      312 3 Reuter HANOI Vietnam is poised to conclude a framework for economic relations with the European Union, EU diplomats said yesterday as Prime Minister Vo Van Kiet packed his bags for visits to Luxembourg and Scandinavia. Vietnamese officials are to hold talks
      Reuter  -  312 words
    • Article, Illustration
      Lock icon Singing the praises of Australian culture
      56 3 Reuter SYDNEY Australian Tourist Commission managing director Jon Hutchison at one of the new cultural exhibits at the Australian Tourism Exchange in Sydney yesterday. The opera exhibition is part of an effort to persuade Asian visitors that Australia is not a cultural desert "with
      Reuter  -  56 words
    • Article
      Lock icon US, EU in breach of world trade accord: Aussie minister
      301 3 Reuter MANILA Australian Trade Minister Bob McMullan said the United States and European Union appeared already to be in breach of the Uruguay Round world trade accord. "Already there are signs that some countries may not be respecting the spirit
      Reuter  -  301 words
    • Article
      Lock icon US suggests Apec leaders' dialogue to speed up free trade
      230 3 AFP SINGAPORE A select group of Asia-Pacific Economic Cooperation (Apec) forum leaders should hold a dialogue before their formal summit on Osaka in November to speed up the creation of tariff-free trade among Pacific Rim economies, a senior US official
      AFP  -  230 words
    • Article
      Lock icon M'sian think-tank warns of rising wages and inflation
      340 3 Reuter KUALA LUMPUR A key government-backed Malaysian think-tank warned that the country's economy, running at near full capacity, faces the threat of wage spirals, higher inflation and increased interest rates in the year ahead. The Malaysian Institute of Economic Research (Mier) said
      Reuter  -  340 words
    • Article
      Lock icon China will keep tight grip on money supply: economist
      328 3 Bloomberg Business News SHANGHAI China will maintain a tight grip on bank lending this year to ward off inflation and keep the economy in check, a senior government economist said yesterday. The government has restricted loans to state enterprises since July
      Bloomberg Business News  -  328 words
    • Article
      Lock icon Rhone-Poulenc in China venture
      78 3 AFP BEIJING French company Rhone-Poulenc, the world's seventh largest pharmaceuticals firm, will invest US$5OO million (***** million) in China over the next five years, the company's chairman Jean-Rene Fourtou said here yesterday. At a press conference marking the firm's centenary, Mr Fourtou said the Chinese authorities
      AFP  -  78 words
    • Article
      Lock icon Thailand raises urban minimum wage
      63 3 Reuter BANGKOK Thailand's tripartite wage committee raised the daily minimum wage for workers in Bangkok and some urban areas by 10 baht (about 56 Singapore cents), a government official said yesterday. The 7.4 per cent increase, following an agreement between government, employers and labour unions
      Reuter  -  63 words
    • Article
      Lock icon China tackles income tax evasion
      78 3 AFP BEIJING China has implemented two new regulations aimed at curbing rampant individual income tax evasion, the China Daily said yesterday. The two regulations, detailing the legal duties of taxpayers, cover income tax declaration and employers' responsibility for ensuring payment by employees, the report said.
      AFP  -  78 words
    • Article
      Lock icon New Zealand to sell rare car plates
      95 3 AFP HONGKONG The New Zealand government, working on Hongkong's craze for rare car number plates on Thursday, placed advertisements in newspapers here for an upcoming auction in Auckland of the collectors' items. Maureen Kan, a marketing agent for the Auckland government, said the
      AFP  -  95 words
    • Article
      Lock icon Cambodia, ADB sign MOU
      59 3 Reuter PHNOM PENH The Cambodian government and the Asian Development Bank (ADB) yesterday announced details of a five-year plan designed as an economic development blueprint to guide the country into the 21st century. Senior officials from the ADB signed a US$3.9 million (555.4 million) Memorandum of
      Reuter  -  59 words
    • Article
      Lock icon HK maintains 5.5% growth forecast
      54 3 Reuter HONGKONG The Hongkong government said it has maintained its gross domestic product growth forecast of 5.5 per cent in 1995. The government said in a quarterly report that the strong performance of exports and growth in fixed asset investment should offset a recent slowdown
      Reuter  -  54 words
    • Article
      Lock icon Indonesia signs loan pact with UK
      73 3 Reuter JAKARTA Indonesia has signed an agreement for a concessional loan of £80 million (S$ 178.8 million) from Britain for infrastructure construction and to develop a human resources programme, officials said. The terms of the agreement, signed by Indonesian Foreign Minister Ali Alatas and
      Reuter  -  73 words
    • Article
      Lock icon China praises Portugal on Macau
      87 3 Reuter MACAU The senior Beijing official in charge of the transfer of Hongkong and Macau to China praised Portugal yesterday for cooperating in the transition of Macau. Lu Ping's praise for Lisbon contrasts starkly with the poor state of relations with the British over the
      Reuter  -  87 words
    • Article
      EU urges wider technology tie-ups with Japan
      289 3  -  From Anthony Rowley in TOKYO JAPAN and the European Union (EU) should join hands in developing a wide range of technologies ranging from multimedia and supersonic travel to the development of new materials and control of viral diseases, former French prime minister Edith
      289 words
    • Article
      Lock icon Mahathir lambasts BBC for reports
      183 3 Bernama MIRI Malaysian Prime Minister Dr Mahathir Mohamad said yesterday the British Broadcasting Corporation (BBC) is "congenitally incapable" of telling the truth. "They were born that way... so what can we do? I mean we have to accept that some people are born left handed,
      Bernama  -  183 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      371 3 MARINE CARGO INSURANCE AN INTRODUCTION Level For those new and comparatively new to Marine Insurance For whom Marine Underwriters, Insurance Brokers, Shipping Lawyers and LOegal Advisers, Bankers and Financiers Duration 2 days Dates 3-4 |uly 1995 (Monday Tuesday) Venue Traders Hotel Course Fee $400 $12.00 (3% GST) Methodology Lectures, exercises,
      371 words
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  • REGION/WORLD
    • Article, Illustration
      Lock icon US sanctions against Japan do not undermine WTO, says Ruggiero
      549 4  -  By Vikram Khanna SINGAPORE America's imposition of trade sanctions on Japan does not undermine the World Trade Organisation, so long as WTO procedures are adhered to in settling the dispute, the organisation's Director-Gen-eral Renato Ruggiero said yesterday. Answering questions after
      Reuter  -  549 words
    • Article
      AIRCRAFT ARRIVALS & DEPARTURES
      1448 4 AIRCRAFT ARRIVALS DEPARTURES atf nm jet* n» Ak« PfcaM GA860 1945 KHaUt QF81 1930 QF82 2055 Awwaa RJ187 0130 AmMM KL843 0455 KL838 2300 SQ25 0650 SQ324 2330 KL831 0925 Auckland NZ21 1735 NZ22 1910 SQ286 2040 fahrafci GF148 0910 GF1147 0250 B S«ri BtfWll B4421 1100 SQ182 0915 SQ181
      1,448 words
    • Article
      WTO places priority on admitting China and Russia
      332 4  -  By Shiv Taneja SINGAPORE One of the immediate tasks of the World Trade Organisation is to bring China, Russia and 20 other countries into its fold, said K Kesavapany, chairman of WTO's General Council. It is significant that these countries want to
      332 words
    • Article
      Lock icon US 2nd qtr growth forecast at annual rate of 1.8%
      301 4 Bloomberg Business News PHILADELPHIA The US economy is expected to grow by an annual rate of 1.8 per cent in the second quarter, according to a survey of 52 forecasters by the Federal Reserve Bank of Philadelphia. The latest forecast
      Bloomberg Business News  -  301 words
    • Article
      Lock icon Nissan posts 166b yen loss but sees recovery this year
      470 4 Reuter TOKYO Nissan Motor Co reported a 166 billion yen loss yesterday because of the strong yen and Japan's economic slump, but it said better sales this year would bring the first parent operating profit in four years. Japan's second
      Reuter  -  470 words
    • Article
      Asean attorneys-general find ways to avoid repeat of S'pore-Manila clash
      296 4 JAKARTA Asean attor-neys-general meeting here in July will discuss the desirability of informing their counterparts in advance when a citizen of a member-country faces charges which carry the death penalty. Indonesian Attorney-Gen-eral Singgih told reporters after meeting President Suharto yesterday
      296 words
    • Article
      Lock icon KL claims undisputed sovereignty to isle in Spratlys
      150 4 AFP KUALA LUMPUR Malaysia said yesterday it has established sovereignty over the island of Layang-Layang in the Spratlys chain, saying it is within the country's Exclusive Economic Zone. Prime Minister Mahathir Mohamad said the ownership of Layang-Layang should no longer be disputed
      AFP  -  150 words
    • Article, Illustration
      Lock icon At ease in the park
      58 4 Reuter JAKARTA Indonesian anti-riot policemen taking a rest in a park in front of the American embassy here yesterday. About 500 policemen were deployed near the embassy after reports that Muslim students would protest against Washington's veto of a United Nations resolution ordering Israel to
      Reuter  -  58 words
    • Article
      Lock icon Scientists make historic breakthrough in genetics research
      311 4 AP NEW YORK Scientists have worked out the complete genetic code of a free living organism for the first time, work that could lead to a host of medical applications. The Ne>i' York Times reported yesterday. A DNA chain of 1.83 million DNA
      AP  -  311 words
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  • THE WORLD
    • Article, Illustration
      Lock icon US Senate passes spending plan to end deficit in 2002
      686 5 Reuter WASHINGTON The US Senate passed a Republican spending plan on Thursday radically changing government priorities to end the deficit by 2002, cutting back government spending for health, education and hundreds of other programmes. The measure was passed 57-42. The
      Reuter; AFP  -  686 words
    • Article
      Lock icon Israel says talks with Syria will be slow
      223 5 AFP JAFFA, Israel Peace negotiations between Israel and Syria will take time to make progress, Israeli Police Minister Moshe Shahal warned yesterday. "The talks will be slow, with one step forward and two steps back," he said during a meeting at Jaffa,
      AFP  -  223 words
    • Article, Illustration
      Lock icon Playing it cool in Moscow
      50 5 Reuter MOSCOW A Russian girl taking a shower in her clothes in one of Moscow's fountains to escape unusually hot weather in central Russia on Thursday. Muscovites have had to put up with a heatwave of 30 degrees Centigrade over the past few days. Reuter
      Reuter  -  50 words
    • Article
      Lock icon US House panel votes to ease media curbs
      449 5 NYT WASHINGTON Rolling over the protests of several Democrats, the House of Representatives' commerce committee voted on Thursday to kill most cable television price regulation and lift scores of restrictions on the number of television, radio and other media properties which a
      NYT  -  449 words
    • Article
      Lock icon Clinton expected to renew China's MFN status
      309 5 Reuter WASHINGTON US President Bill Clinton is expected to renew most-favoured-nation (MFN) trade status for China despite opposition in Congress to its human rights policies. National Security Adviser Anthony Lake said on Thursday. "1 would anticipate a renewal, as we pursue the policy
      Reuter  -  309 words
    • Article
      Lock icon Clarke to stick to fighting inflation with rate hikes
      212 5 Reuter LONDON UK Chancellor of the Exchequer Kenneth Clarke says he will not change his policy of fighting inflation by raising interest rates despite a surprising decision recently to maintain them at current levels. "I am certainly not going to ease
      Reuter  -  212 words
    • WORLD WATCH
      • Article
        Lock icon PLO signs first airport contract
        88 5 AFP GAZA CITY, Gaza Strip The Palestinian self-rule authority yesterday signed a contract to build the first civilian airport in the Gaza Strip, officials announced. Work will start soon and the first Palestinian passenger aircraft is due to land on Jan 1, next year, said
        AFP  -  88 words
      • Article
        Lock icon Former Lockheed executive charged
        86 5 Bloomberg Business News LOS ANGELES A former executive with Lockheed Martin Corps top secret "skunk works" was charged with trying to sell classified information to an undercover FBI agent, federal prosecutors said. John Douglas Charlton, 62, was charged in a 10count indictment. If convicted, he faces
        Bloomberg Business News  -  86 words
      • Article
        Lock icon UK producers see strong output
        71 5 Bloomberg Business News LONDON British manufacturers expect a strong production increase in the next four months, buoyed by higher-than-normal orders and continued overseas demand, the Confederation of British Industry (CBI) said. According to the CBl's monthly industrial trends survey for this month, some 40 per
        Bloomberg Business News  -  71 words
      • Article
        Lock icon Christopher to visit Mideast
        79 5 Reuter WASHINGTON US Secretary of State Warren Christopher said on Thursday he expects to visit the Middle East in the second week of next month to help bridge gaps between Israel and Syria on their Golan Heights dispute. Mr Christopher was speaking the day after Washington
        Reuter  -  79 words
      • Article
        Lock icon Chile makes non-proliferation pledge
        85 5 AFP WASHINGTON Chile formally registered its approval of the Nuclear Non-Proliferation Treaty (NPT) during a brief ceremony at the US State Department on Thursday. It submitted to the US Arms Control and Disarmament Agency documents which its senate approved last week and were signed by President
        AFP  -  85 words
      • Article
        Lock icon CIS summit opens in Minsk
        81 5 AFP MINSK Leaders of the Commonwealth of Independent States gathered here yesterday for a one-day summit with Russian President Boris Yeltsin hoping to seek closer unity among the alliance of former Soviet states. Ten of the 12 CIS heads of state were present in the
        AFP  -  81 words
    • Article
      Scottish nationalists trounce Tories in by-election
      358 5  -  From Neville Stack in LONDON THE party that wants to make Scotland a republic vanquished the last Conservative stronghold north of the border. In the by-election in affluent Perth and Kinross, the Scottish National Party turned a 2,000 Tory majority into a 6,000-vote victory.
      358 words
    • Article
      Lock icon Orange County to defend crucial bond issue in court
      315 5 Reuter SAN FRANCISCO Orange County hopes to salvage its US$275 million (SS3B2 million) recovery bond plan by convincing a Superior Court Judge next week to dismiss the first in a series of objections to the crucial bond issue. A hearing will
      Reuter  -  315 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      62 5 DOtf'T FVSK ra£...rr (I'M QUITIE. KP\PP\M GCTTTO > WHV on EPerw piEe.vtx?> hp*pp&4s Rw-the. W4£J?e. I vou into HEPOMuNrepP J~~~ J \JW& INSTPtNt!!/.. J Jilit ASSOCIATED NEWSPAPERS ltd j Doonesbury by garry trudeau J WON PER M&TBR? HEY,6ON~ WUUMT WHICH ONa IWAHT &YOUK THSSHiASMHHM THATQO£STT3 m*... THAT h I WteNAMZ
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  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article
        MARKET MOOD
        18 6 For next week's expected market sentiment, see BT's Sentiment Index on EL4 (Personal Finance Investment section)
        18 words
      • Article, Illustration
        HOT STOCK
        94 6  -  By Paul Leo 101 Corporation will continue to range between $1.32 and $2.10 for some time. Weekly Moving Average Convergence Divergence Indicator oscillating around the zero line is indicative of such a pattern. With the daily Relative Strength Index and stochastics approaching 75, the stock will be overbought
        94 words
    • Article, Illustration
      OUE takes 15% stake in Pidemco hotel company
      294 6  -  By Agnes Wee SINGAPORE Overseas Union Enterprise (OUE) has taken a 15 per cent stake in Pidemco Land's PID Investments, which is developing the Hanoi Westlake International Hotel. OUE's wholly-owned subsidiary, SMI Hotels and Resorts, will also manage the five-star hotel in
      294 words
    • Article
      Electronics Resources to buy building for $10.3 m
      148 6 SINGAPORE Sesdaq listed computer products distributor Electronics Resources (ER) plans to buy a five-storey of-fice-cum-warehouse building for $10.25 million to meet its expanded needs. The company said yesterday it had paid the Bank of Singapore (BOS) $102,500 for the option to purchase
      148 words
    • Article
      Teledata to market Jtec's telecoms products
      283 6  -  By Genevieve Cua SINGAPORE Sesdaqlisted Teledata will distribute a range of ISDN products from Jtec, a wholly owned subsidiary of Sydney-listed Techniche. Jtec's products, aimed at companies, are designed to add value to an existing telecommunications network using ISDN or a leased line. The
      283 words
    • Article
      Lock icon Shangri-La expects profits from overseas hotel investments after 1998
      483 6 Bernama KUALA LUMPUR Shan-gri-La Hotels (Malaysia) Bhd, which has already invested about Msloo million (Sss6 million) overseas, including Ms 49 million in 1994, expects its stakes in five hotel projects in China and two in Myanmar to contribute to group profits
      Bernama  -  483 words
    • Article
      Merger of Timah Langat and MNI — a marriage made in heaven?
      847 6  - Merger of Timah Langat and MNI a marriage made in heaven? HOCK LOCK SIEW By Ruth Wong KUALA LUMPUR Timah Langat Bhd was nothing but an old tin mining firm which had been losing money. That was until last Friday when the company proposed a series of corporate exercises, including
      847 words
    • Article, Illustration
      Inno-Pac's new chairman quits
      260 6 SINGAPORE More boardroom changes have taken place at listed paper and fast-food group Inno-Pacific Holdings Ltd with the resignation of chairman and director Lim Jit Poh. Inno-Pac, in a release yesterday, said Mr Lim has written in to advise that he wishes to resign from his
      260 words
    • Article
      F&N Coca-Cola raises stake in Nepal bottler to 74.6%
      135 6 SINGAPORE F&N CocaCola has raised its stake in a Coca-Cola bottler in Nepal from 49 per cent to to 74.6 per cent. F&N Coca-Cola, which is 75 per cent owned by listed Fraser and Neave, has bought another 98,745 shares in
      135 words
    • COMPANIES
      • Article
        Lock icon Tan Chong plans car price hike to counter yen's rise
        369 7 Bernama KUALA LUMPUR Tan Chong Motor Holdings Bhd, which has been affected by the yen's current appreciation against the ringgit and dollar, expects to raise the prices of all models by 3 to 4 per cent within the next few
        Bernama  -  369 words
      • Article
        Lock icon Bangkok Land won't seek compensation over Thai rail project
        210 7 Reuter BANGKOK Bangkok Land pic yesterday said it is taking in its stride the loss of a big contract to build a 50 billion baht (SS2.B billion) Bangkok electric rail project. The company's chief executive officer, Anand Kanchanapas, said the firm
        Reuter  -  210 words
      • Article
        Lock icon Renong's interim pretax profit rises 10% to M$211m
        503 7 Bloomberg Business News KUALA LUMPUR Conglomerate Renong Bhd reported a 10 per cent rise in group pretax profit to M 5210.7 million (S$ 118.9 million) for the nine months ended March 31, compared with the same period a year earlier. In a
        Bloomberg Business News  -  503 words
      • Article
        Lock icon Time Telekom's fibre optic telecoms network on schedule
        469 7 Bemama LANGKAWI, Kedah Time Telecommunications Sdn Bhd (Time Telekom) is on target in offering its fibre-optic telecommunications network across Peninsular Malaysia by the end of this year with the completion of its first phase submarine festoon cable installation. Under the first phase,
        Bemama  -  469 words
      • Article
        Untitled
        531 7 Mugwr pricw May 27 29 Sh Greater China Fd 1.00 <8 ..-u Mendaki Or Fund 1.03 06® Singapore Unit Trust user Fund 1.01 i.os** The Commerce 1.59 I 68xd IIAR Icurf Met Ltd The Savings Fund 1.54 1.63 UW* m|l IW S pore Prog Fund 0.62 0.66 Umfund -47 54
        531 words
      • COMPANY BRIEFS
        • Article
          Using CPF saving to buy PCI shares
          43 7 SINGAPORE The Central Provident Fund board has granted approval for members to use their CPF savings to buy PCI shares under the Basic Investment and the Enhanced Investment schemes. The move took effect on May 11.
          43 words
        • Article
          San Teh gets go-ahead for rights issue
          56 7 SINGAPORE The Stock Exchange of Singapore has given San Teh in-principle approval for a rights issue on the basis of two rights shares with one free warrant for every 10 ordinary shares of 20 cents each. Each rights share will be offered at
          56 words
        • Article
          Seksun to lease land in Yishun
          43 7 SINGAPORE Seksun Precision Engineering has accepted an offer from the Housing and Development Board to lease a 6,562 square metre plot of land in Yishun Industrial Park A. A multistorey factory will be built on the site.
          43 words
        • Article
          New name for Eaton Securities
          26 7 SINGAPORE Eaton Securities, acquired last month by Tat Lee Securities Holdings, has changed its name to Tat Lee Eaton Securities Company.
          26 words
        • Article
          Powermatic buys stake in Lead View
          44 7 SINGAPORE Powermatic Data Systems has bought a 27 per cent stake in Lead View Investments, a holding company set up to invest in Multimedia Network Software Inc. The stake, comprising 280 ordinary shares, was bought for US$2BO,OOO ($388,920).
          44 words
        • Article
          HBM Print interim profit down 98%
          53 7 SINGAPORE HBM Print has reported a 98.3 per cent slump in interim net earnings to $15,000 and a 32.2 per cent fall in turnover to $8.3 million for the period to Feb 28. It attributed the poor results to heavy losses incurred by its
          53 words
      • Article
        Lock icon Perlis Plantations buys into three Indon firms
        86 7 Reuter KUALA LUMPUR Malaysia's Perlis Plantations Bhd will buy a majority stake in three Indonesian firms setting up oil palm plantations in Sumatra. A Perlis Plantations statement yesterday said the company will take up 80 per cent interest each in PT Rokan Adiraya,
        Reuter  -  86 words
      • Article
        Lock icon Computer Associates plans US$1.8b takeover of software firm
        339 8 FT SAN FRANCISCO Computer Associates International is planning to acquire Legent, a Virginia software company best known for its mainframe computer programs, for US$l.7B billion (552.47 billion) in cash. The acquisition will be the largest in the history of the software industry,
        FT  -  339 words
      • COMPANY BRIEFS
        • Article
          Lock icon Murdoch: Italian TV poll no obstacle
          88 8 Reuter ROME Australian-born media tycoon Rupert Murdoch said yesterday he wanted to buy the television interests of former Italian prime minister Silvio Berlusconi's Fininvest empire, no matter what the outcome of key referendums on television ownership. Mr Murdoch, head of News Corporation, said he
          Reuter  -  88 words
        • Article
          Lock icon NEC, AT&T to develop technology
          52 8 AFP TOKYO Japan's NEC Coip said yesterday it had agreed with AT&T Microelectronics to jointly develop a common process for making integrated circuits with a width as thin as 0.25 microns. The width is far slimmer than human hair, which is about 60 microns in
          AFP  -  52 words
        • Article
          Lock icon Kansai Electric's profit up 22%
          55 8 AFP TOKYO Japan's Kansai Electric Power Co Ltd said yesterday its pre-tax profit jumped 22 per cent from a year earlier to 135 billion yen (SS2.I billion) in the year to March. The nation's second largest power company said its revenue rose 5 per cent
          AFP  -  55 words
        • Article
          Lock icon Daihatsu's profit surges 151%
          82 8 AFP TOKYO Japan's Daihatsu Motor Co Ltd said yesterday Friday its pre-tax profit surged 151.5 per cent from a year earlier to six billion yen (5594.5 million) in the year to March. But Daihatsu, specialising in small cars and commercial vehicles, said its sales fell 4
          AFP  -  82 words
      • Article
        Lock icon Coca-Cola's takeover of Barq's root beer under federal scrutiny
        301 8 Bloomberg Business News WASHINGTON Coca-Cola Co's pending acquisition of Barq's Inc root beer is drawing fire from the rest of the softdrink industry, and the Federal Trade Commission is taking a closer look at the takeover. Cadbury Schweppes pic, Triarc Cos,
        Bloomberg Business News  -  301 words
      • Article, Illustration
        Lock icon A corporate race for results
        38 8 AFP TOKYO Messengers for Japanese corporations rushing to the shelves to insert their firms] corporate results showing annual earnings at the Tokyo stock exchange yesteitlay, the busiest day of the reporting month. AFP
        AFP  -  38 words
      • Article
        Lock icon Higher sales fail to lift China Everbright's profit
        369 8 Bloomberg Business News HONGKONG China Everbright International, a Chinese investment company, said its profits fell last year, even as sales surged. Net profit after tax and minority interest payments dropped to HK$ 135,000 (5524,300) for the year ended last Dec 31, from
        Bloomberg Business News  -  369 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        516 8 Vessel Voy Wo Berth fcmal Departure 9508 J12 alongside 27.05/0800 Dm Guna 05/03/95 J9 alongside 27.05/2300 Foo* Tat 01/95 J15 alongside 27.05/0600 Harta 1 08/95 J16 alongside 27.05/0700 Hely 05/08/95 J1 alongside 27.05/0300 Hero Queen 4/95 J7/8 alongside 27.05/0700 Hye M*ko 080/95 J5 alongside 27.05/0300 Megaves 8/B
        516 words
      • Article
        CONTAINER SCHEDULES
        1528 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Book** Balance Rdh Shp toy No Etb/Btr Period Frow T> Frow to lade 240* 28/0700 IB 26/1500 26/1659 26/1900 3 27/0700 27/1159 27/1*00 4 27/1200 27/1459 27/1700 to Lotus 065* 27/1500 1* 26/1500 26/1659 26/1900 Aka Hmr 204S 28/2315
        1,528 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Senate panel approves bill to restrict investors' suits
        445 9 NYT WASHINGTON The Senate Banking Committee approved and sent to the full Senate on Thursday night a bill that would drastically change the way publicly traded companies are regulated, by making it more difficult to bring lawsuits against companies and stockbrokers when
        NYT  -  445 words
      • Article
        Asian companies should tap global bond markets: CSFB
        459 9  -  By Paul Leo SINGAPORE Conditions are ripe for Asian companies to tap the international debt market, a visiting CS First Boston executive said recently. "There is a tidal wave of foreign interest in Asian corporate debt, and the objective is to ride
        459 words
      • Article, Illustration
        Lock icon Rio strike causes major fuel shortage
        60 9 Reuter RIO DE JANEIRO, Brazil Cars forming a line waiting for fuel outside a petrol station here on the 23rd day of a strike by oil workers on Thursday. The oil workers are demanding pay increases and protesting against plans to open up the
        Reuter  -  60 words
      • SMALL CHANGE
        • Article
          Lock icon BOC gets to head HK bank cartel
          84 9 AFP HONGKONG The Hongkong government is to amend legislation to allow the Bank of China (BOC) to take its turn as head of the territory's banking cartel, a government spokesman said yesterday. Under the amendment, to be put before the Legislative Council for
          AFP  -  84 words
        • Article
          Lock icon Market-makers for new futures contract
          61 9 Knight-Ridder HONGKONG The Hongkong Futures Exchange has named five institutions to serve as market-makers in the new one-day rolling currency futures contracts, which will begin trading this year. The five market-makers are: Tai Fook Futures; Seapower Futures; Sun Hung Kai Futures; Vickers Ballas Hongkong Fu-tures-Citibank;
          Knight-Ridder  -  61 words
        • Article
          Lock icon CBA lends A$200m to rice producer
          83 9 Reuter SYDNEY The Commonwealth Bank of Australia (CBA) has signed a three-year As2oo million (SS2OI million) financing facility with Ricegrowers' Cooperative Ltd, Australia's rice producer. The CBA yesterday said the funds were being made available through a combination of new lines including multi-op-tion, multi-currency
          Reuter  -  83 words
        • Article
          Lock icon Sale of warrants on HK Electric
          81 9 Bloomberg Business News HONGKONG Robert Fleming Co Ltd said yesterday it will sell HKSS4 million (559.7 million) of warrants on the shares of Hongkong Electric Holdings Ltd, the territory's third largest utility company. The 80 million warrants to be sold mature on Nov 22,
          Bloomberg Business News  -  81 words
      • Article
        Thai finance firm taps capital markets for US$50m
        252 9  -  By Soh Tiang Keng SINGAPORE Thailand's Ekachart Finance and Securities has made its debut in the Singapore-based Asian dollar market by raising US$5O million (5569.5 million) through a revolving credit facility. The loan, signed in Singapore yesterday, is the company's biggest offshore
        252 words
      • Article
        Lock icon Governments more to blame for financial market upsets: bankers
        338 9 IHT ST GALL, Switzerland Speculation in financial derivatives has been accused of destabilising financial markets, ruining companies and wrecking governments, but the greater culprits in the recent turmoil have been governments themselves, bankers argued at a meeting here. While governments are
        IHT  -  338 words
      • Article
        Lock icon Market uncertainties lead to slower US stock fund sales
        590 10 Bloomberg Business News NEW YORK Mutual fund investors are showing signs they aren't convinced US stock prices are going higher at least in the short run. "We're seeing money come into our stock funds one week and go out the next,"
        Bloomberg Business News  -  590 words
      • Article
        Lock icon India opens some finance services to foreign investors
        242 10 Reuter BOMBAY The Reserve Bank of India (RBI) yesterday said foreign investors and expatriate Indians have been permitted to invest in hire purchase, finance, leasing, trading and other services. The RBI has now allowed them to invest in virtually all activities except
        Reuter  -  242 words
      • Article
        Lock icon Rubber prices up in Lanka but quality falls
        209 10 Reuter COLOMBO Rubber prices in Sri Lanka have bounced up sharply on low supplies but heavy rains in tapping areas have reduced quality, industry analysts and brokers said on Thursday. "The months of April and May were a washout. There simply isn't
        Reuter  -  209 words
      • Article
        Lock icon Shanghai changes T-bill futures offset scheme
        263 10 Reuter SHANGHAI The Shanghai Stock Exchange said yesterday it had changed its current method of offsetting treasury bill (T-bill) futures open positions and presented a new one under which investors could unwind their positions through negotiations on Monday. In a statement, the exchange said
        Reuter  -  263 words
      • Article, Illustration
        Greenback may slip a little
        364 10 DBS Bank weekly currency review US$/DM: return of long-term bears? The US$ consolidated between 1.4321 and 1.4525 for the early part of this week before selling pressures on Thursday dragged it down to 1.3820 yesterday morning. The short-term view has turned bearish, with support seen
        364 words
      • Article
        Lock icon Fujian to invest 40b yuan in refinery
        143 10 Platts Oilgram HONGKONG China's southern coastal Fujian Provjnce is planning to invest more than 40 billion joian (556.7 billion) in expanding existing refining capability, an official at the province's Department of Petrochemical Industry said on Thursday. The plan involves boosting crude processing capacity
        Platts Oilgram  -  143 words
      • Article
        Lock icon Aussie cotton harvest revised upwards
        355 10 But outlook remains gloomy, say experts Bloomberg Business News SYDNEY Australia's cotton harvest is likely to be higher than previously expected this year but will still be the smallest since 1991, and the outlook remains gloomy, according to cotton experts. The Australian Cotton Foundation has
        Bloomberg Business News  -  355 words
      • Article
        Futures fall as Brazil strike seen ending
        319 10 Btoomberg ENERGY REPORT LONDON Oil futures declined here and in New York amid speculation a 23-day oil workers strike in Brazil will end soon. State-owned Petroleo Brasileiro, or Petrobras, said refinery output rose to 42 per cent of normal as only one of
        319 words
      • Article
        Lock icon LONDON
        196 10 Reuter LONDON The dollar sank further against the mark and yen in Europe as dollar bulls discarded the currency following two weeks of frustrating stagnation and as an eerie spectre of US economic recession raised its head. Fund after fund pulled the plug on two-week old dollar positions and,
        Reuter  -  196 words
      • Article
        Lock icon NEW YORK
        98 10 AFP NEW YORK The dollar fell further in early trading yesterday, but activity was generally quiet ahead of the long Memorial Day weekend. At 1355 GMT, the dollar was at 1.3856 marks against 1.3975 at Thursday's close and at 83.30 yen against 84.70. Earlier in London the greenback
        AFP  -  98 words
      • Article, Illustration
        Untitled
        1226 10 trade-weighted index calculated against Spore'» top 14 trading partner, Base year: I9S} US$/S$ forward rates Noon /May 26 a Bid Offer I -month 1.3S29 ***** 2-moMh 1.3772 I.37S7 3-monlh 1.3722 I.37J7 6-month 1.35*9 1.3609 Source: OCBC FOREIGN CURRENCY NOTE RATES As at tea m May 26 Singapore dollars to one
        1,226 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen sharply higher on firmer yen
        1349 11 Reuter SINGAPORE Simex Euroyen futures ended sharply higher on the back of the firmer yen while while Eurodollars closed little changed. Trading was choppy following the dollar which plunged in the morning, rebounded slightly in early afternoon and fell again in late trading. Currency
        Reuter  -  1,349 words
      • Article
        S'pore rubber firms on local buying
        698 11 COMMODITY REPORTS Rubber SINGAPORE: Rubber futures closed higher in active trade on late local buying interest. "The morning session was indicated lower on lack of fresh incentives but there was no trade. Prices rose in the afternoon and picked up towards the close in
        698 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Indon copper smelter to be in Gresik
          91 11 JAKARTA Indonesia's first copper smelter, a US$65O million (SS9O4 million) project, will be built in Gresik, East Java, with construction beginning later this year and to be completed in 1998 the daily Media Indonesia newspaper reported yesterday. Finalisation of the 200,000-tonnes-a-year capacity smelter
          91 words
        • Article
          India urged to ban sugar imports
          94 11 NEW DELHI The Indian sugar industry has urged the government to ban sugar imports and allow exports because otherwise the country will be left with bulging stocks in the current 1994-95 (Oct-Sep) season. The sugar delegation said that the 1994-95 white sugar output met
          94 words
        • Article
          Shandong's record wheat harvest
          72 11 HONGKONG China's eastern Shandong province is expecting a record wheat harvest of 20.95 million tonnes this year, an increase of 600,000 tonnes from last year, the official Xinhua News Agency reported. The yield is expected to reach 5,130 kg per hectare this year, up 5,012 kg
          72 words
        • Article
          China soybean output seen up 6.5%
          55 11 HONGKONG China's 1995 soybean production is expected to increase by 6.5 per cent from last year to 17.28 million tonnes, the official China Securities newspaper reported yesterday. The planted acreage is expected to expand to 8.8 million hectares this year from 8.67 million a
          55 words
    • Article
      COMMODITY PRICES
      1424 11 SICOM Futures Rubtor (futures dosing as at 5.30p«) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest I I 233.50 475 Jul 227.00 2225 Aug 223.50 220.00 224.00 700 2650 Sep 221.50 2275 Oct/Dec 215.00 215.00 214.50 75 5100 Jan Mar 96 215.75
      1,424 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1066 12 -22.2 SHARES fell yesterday, as traders reacted to a weak Wall Street and expiring options boosted volumes on the bourse. "If the market is rising and you've got an option expiration period, it tends to accelerate and if you've got a market weakening, it makes the market dip a
        1,066 words
      • Article
        Manila
        587 12 -16.22 Stocks fell for the second day on concern an impending fuel price increase could trigger inflation, slow the economy and hurt corporate profits. "The concern is mainly on increasing commodity prices," said a dealer. "You will see a hike in the inflation rate." The benchmark PSE Composite Index,
        587 words
      • Article
        Seoul
        444 12 -11.42 After a one-day rise, stocks fell as the government's stock stabilisation fund failed to buy shares, as many expected it would when the market showed signs of life. "With the giant fund on the sidelines, there are no major stock buyers in the cashstrapped stock market," said an
        444 words
      • Article
        Taipei
        573 12 -57.84 Taiwan's main stock index fell to a 13-month low on a report Taiwan's three largest commercial banks won't pay a bonus dividend next year. "Everybody is worried," said a dealer. Stocks also fell on a report the legislature will soon discuss a capital gains tax on stocks, dealer
        573 words
      • Article
        New Zealand
        310 12 -14.82 Shares declined, led by Telecom Corp and forestry and energy group Fletcher Challenge. Traders said sentiment soured on Telecom after it lost a court case related to payment of NZ5940,698 (*****.850) in rates for three years to the Auckland City Council. Telecom had argued its lines and
        310 words
      • Article
        Bombay
        79 12 +22.53 Stocks rose, led by Tata Iron Steel and Larsen Toubro, as the companies delivered better than expected earnings results and hopes grew that this year's monsoon would be a good one. "Tata Iron Steel did much better than was expected. People were caught short," said a broker. The
        79 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        720 12 Britannia Funds Merlin* Cash W Offw Mim Cap Depowl 3* 6400 3*6500 Mim Jency GiU .0.1193 0 1992 Mim Mai Income .».9300 ***** USS Cash Income Plui Fund 10 1400 106*00 PS Rcirnc Fund J 4700 5 4*00 Sterling Kquit) Euro Performance 0.4592 0.49)11 Far Fast Fund •2.7650 *2 9710
        720 words
      • Article
        Frankfurt
        205 12 -28.01 The DAX Index fell 28.01 points in reaction to the weakness of the dollar to close at 2,077.87 in thin trading. "The fall of shares is almost solely linked to the currency problem," one analyst said. "The fall of the dollar by more than five pfennigs in a
        205 words
      • Article
        Amsterdam
        301 12 -4.03 Dutch shares closed nearly one per cent lower, catching up after Thursday's Ascension Day holiday which saw the dollar and Wall Street spiral lower. Dealers said business for most of the day had been quiet because of the holiday, with many operators using yesterday to bridge the gap
        301 words
      • Article
        Milan
        140 12 -213 Italian stocks end down but above day's lows after lira weakness and fears of interest rate rise in Italy leant hard on all Italian markets. The lira slumped to 1,185 per mark as the US dollar's tumble affected investor sentiment. Stocks later attempted to recover but was curtailed
        140 words
      • Article
        Paris
        159 12 -41.60 French shares closed more than 2 per cent down in moderately active business as renewed dollar weakness, and a stronger franc against the mark, sent alarm signals as investors were worried about the export performance of French companies and lower franc earnings from their US operations. A drop
        159 words
      • Article
        London
        684 12 -17.1 SHARES closed lower, taking their cue from gilt weakness and a Wall Street drop ahead of a long weekend. Turnover was low with many professionals reluctant to take up positions and investors said to be more interested in sport events, like the World Cup rugby tournament. than in
        684 words
      • Article
        Brussels
        221 12 -10.67 The dollar's overnight fall and its failure to recover throughout the day pushed thinly traded Belgian shares to a sharply lower close. Traders said further losses may be expected if the dollar remains weak, with a test of the 1,420 level on the Bel-20 Index. "The dollar's fall
        221 words
      • Article
        Zurich
        223 12 -26.8 Swiss stocks fell, after reaching an 11-month high on Wednesday, as the dollar's weakness threatened to erode exporters' earnings. Dollar-sensitive stocks were hardest hit. SGS Surveillance, the goods handling company fell 4 per cent and Societe Microclectronique et d'Horlogerie, the maker of Swatch watches, lost 2.5 per cent.
        223 words
      • Article
        Johannesburg
        366 12 -9.6 South African shares ended mixed as early support in a thin market faded by the close, but golds managed to hold most of their gains despite rand strength. Dealers said industrials had ended mildly easier after London and Wall Street shares fell. The Overall Index closed 8.8 points
        366 words
      • Article
        Toronto
        254 12 -11.49 Stocks weakened early along with other sluggish financial markets in what is expected to be a quiet session. The TSE-300 Index fell 11.49 points to 4,435.90 in light volume of 15.24 million shares valued at C 5230.40 million. Declining stocks defeated advances 244 to 200, with 261 issues
        254 words
      • Article
        New York
        709 12 -47.73 Stock priccs turned sharply lower in active trading early yesterday after sell programs aggravated early selling that spilled over from Thursday's retreat. The Dow Jones Industrial Average was down 47.73 points to 4,364.50 at 11am EDT. The Dow's loss widened to 50 at 11.01 am, triggering the
        709 words
    • Article, Illustration
      Lock icon HONGKONG
      2658 13 HONGKONG Stocks fell as the same US economic news that drove American stocks down affected the Hongkong market. A weaker US dollar also played a part. "Earlier this week, we were talking about a soft landing, now we're talking about hard landing or recession in the US," said an
      Source: Bridge Info  -  2,658 words
    • Article, Illustration
      Lock icon CHINA
      556 13 CLSA IN Hongkong, H share index finished 0.69 points lower at 1,191.95 on turnover of HK597 million. Shanghai Petrochem was the most active counter with HK534.6 million worth of shares traded. In Shanghai, the exchange announced new regulations for T-bills trading, confirming the settlement deadline as May 30. With
      CLSA  -  556 words
    • Article, Illustration
      Lock icon TOKYO
      2514 13 TOKYO Stocks rose as public funds bidding up shares ahead of the listing of a news investment trust erased early declines linked to the rising yen. Public pension and postal funds snapped up shares to smooth the launch of a trust fund linked to the Nikkei 300 Index. The
      Source: Bridge Info  -  2,514 words
    • Article, Illustration
      Lock icon BANGKOK
      1502 13 Reuter BANGKOK Stocks closed fractionally lower in heavy trade on profit-taking in banking and telecommunications counters, brokers said. The SET Index closed down 0.51 point at 1,389.91. A total of 207.4 million shares worth 15.3 billion baht were traded. Rises outstripped falls by 185 to 158. "Although foreign money
      Reuter; Source: Bridge Info  -  1,502 words
    • Article, Illustration
      Lock icon JAKARTA
      1138 13 Reuter JAKARTA Share prices closed lower on profit-taking despite selective buying in the late session, brokers said. "Buying was seen in late trading following profit-taking in the early session," one broker said. The Composite Index closed down 1.14 points at 473.69. Profit-taking in the early session pushed the index
      Reuter; Source: Bridge Info  -  1,138 words
    • Article
      CLOB INTERNATIONAL
      2344 14 Gf Cr IMS La) Vot Day l*M Quote Oh Db YM Net M Cay High Low n —I —1 Safe (WO) High Ixm Buyer Seller Or P/E Smil MALAYSIAN STOCKS 478 1% m A .SB 50c 374 2 485 384 368 374 376 3.0 -2.9 0.2 38 4
      2,344 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks rise on optimism over anti-inflation policy
        6766 14 Bloomberg Business News KUALA LUMPUR Stocks rose on optimism that the government won't raise interest rates to fight inflation but will rely on other methods less worrisome to investors. Stocks also got a boost from a rise in US bonds, which makes local
        Bloomberg Business News; Source: Bridge Info  -  6,766 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8459 15 IMS IM Val Day Last Qaate Dk N«l £ag High Lmm Coaipaay Sab (IN) High Lmm Bay*? Seller Cn P/E tmU Prtc. IHPWT1MAL ANO COWMfRCTAL 482 382 m t s Vma 50c 424 cd +10 277 426 418 420 424 22.5 2.7 19 5*4 5 401 430 450 t J
        8,459 words
      • Article, Illustration
        Lock icon Fall in US dollar dashes hopes of prices picking up
        1860 16  -  By R Sivanithy SINGAPORE An overnight plunge in the US dollar that extended into Asian trading put paid to any hopes of significant rises in the local stock market yesterday. There was again a concentration of activity in Malaysia and
        Charts by Bridge Info; Source: Bloomberg  -  1,860 words
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      346 6 NEWS VALUE Listed KL firms boost profits 25%, pace set to continue (Pg I) Earnings growth not likely to be sustained this year. Fu Yu to raise $40m-ssom from main board IPO (Pg I) Interest seems assured as the company is on the fast track. Bad debts of Japanese banks
      346 words
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      1207 7 CHEMICAL INDUSTRIES (FAR EAST) LIMITED. H 52 JALAN BUROH JURONG TOWN. SINGAPORE 2261 TEL *****11 FAX *****90 ANNOUNCEMENT The Directors are pleased to announce the unaudited results for the Company and the Group for the year ended 31 March 1995. t Latastyaarto Previous year to 31 March 1996 31 March
      1,207 words
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      1134 9 DM L I J HOWERMATIC DATA SYSTEMS LIMITED (Incorporated in the Republic of Singapore) COMPANY ANNOUNCEMENT The Board of Directors of the Company are pleased to announce the unaudited results of the Group and of the Company for the year ended 28th February 1995: GROUP COMPANY FY'95 FY'94 W- FY
      1,134 words
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      Page 12 Advertisements Column 1
      26 12 /Hasted H,GH STAKES Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. 1 U-?SeCI SINGAPORE f 1 Business Times I WEBtOWASU
      26 words
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      Page 16 Advertisements Column 1
      33 16 Btnni^sni^s TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 SELUNG POINT If ever you have to sell ice to the Eskimos, let us offer you a pointer or two. Advertising Marketing. Every Friday. T^UNOArOIU!* Business Times
      33 words
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      Page 16 Advertisements Column 2
      349 16 liMmmrn to Ummtm Arttr tm a imw rm ui V cXoatXaHwy uenara MHwg w ra Cw'Huny axwanad ind Ml SO Mm Stdton #21-04 Jaton Stdton (Ml, 0719 on 24V« (My of May 1986 IN tolaatng wk& taaoMtona aara (I)teofwdMN eompaiy baanundup votorfcrify pursuant to Sacbon 290 (IKb) dtiCwpliMflMl OtaoMdMMdmOngtoLtonba VpoMad
      349 words
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      Page 16 Advertisements Column 3
      328 16 III! ?zw mm wmm mihm HIT UOB ASSET MANAGEMENT LTD CHANGE OF ADDRESS This is to inform all unitholders that the office of UOB Asset Management Ltd, the Registrar of UniFund, Unißond, United Growth Fund and United Asia Fund, United Basic Regional Fund and United Enhanced Regional Fund will be
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      318 16 IN THE MATTE* OF THE COMPANIES ACT, CHAPTER 5# AND IN THE MATTE* OP POMMERADE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING Notice it hereby given, in pursuance of Section 308 of the Companies Act, Cap. 30. thai the FINAL GENERAL MEETING of the members of the abovenamed
      318 words
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  • ISEAS TRENDS
    • Article, Illustration
      ARF and security in N-E Asia
      917 17  -  Confidence-building and security co-operation in the North-east Asian theatre continue to be bedevilled by a Machiavellian North Korea, says Yoshihide Soeya Yoshihide Soeya Dr Yoshihide Soeya is Professor of Political Science at Keio University, Tokyo (and is currently at the East-West Center, in Honolulu).
      917 words
    • Article, Illustration
      US engages in 'admiral diplomacy'
      954 17  -  Is Washington trying to make up for its lack of political attention towards South-east Asia by sending admirals to do its work? Derek da Cunha examines the issue Derek da Cunha Dr Derek da Cunha is a Senior Fellow at the Institute of Southeast Asian
      954 words
    • Article, Illustration
      Great difficulty in convincing sceptical Asians
      1007 17  -  Richard Halloran notes that nothing the US says or does seems to convince Asians that the US will remain militarily engaged in the Asia-Pacific over the long haul Richard Halloran Richard Halloran, formerly with The New York Times as a foreign correspondent in Asia
      1,007 words
    • Article, Illustration
      Ruminating on socialism, Singapore-style
      1721 18  -  Somewhere between the state socialism of communist regimes and the socialism of liberal democracies is to be found a version of socialism that is increasingly seen as a success story. Chua Beng Huat throws light on it Chua Beng Huat Dr Chua Beng Huat is a
      1,721 words
    • Article, Illustration
      From glowering bear to Pacific wallflower?
      1506 18  -  Accommodating, isolated and ambivalent, are the terms that sum up the three sides of Russia's approach to relations with states in the Asia-Pacific, says Jeffrey Lilley Jeffrey Lilley Jeffrey Lilley covered Russia's relations with Asia and the Russian Far East for the Far Eastern
      1,506 words
    • Article, Illustration
      Maligning a much appreciated yen
      1214 19  -  Amidst the US dollar's depreciation, a yen bloc is fast emerging in Asia. Ng Chee Yuen and Hiromitsu Shimada explain why Ng Chee Yuen and Hiromitsu Shimada Dr Ng Chee Yuen is a Senior Fellow at the Institute of Southeast Asian Studies and is the
      1,214 words
    • Article, Illustration
      What returns on Vietnam's export processing zones?
      945 19  -  Mya Than assesses the balance sheet of specialised areas set aside for industrial production Mya Than Dr Mya Than is a Fellow of the Institute of Southeast Asian Studies. IT has been almost four years since the first export processing zone (EPZ) was
      945 words
    • Article, Illustration
      The future of the Tumen River project
      1207 19  -  Mark J Valencia examines the potential of the only existing multilateral inter-govemmental institution for economic co-operation in North-east Asia Mark J Valencia Mark J Valencia is a Senior Fellow at the East-West Center, Hawaii, USA. UNDP's much-touted Tumen River Area Development Project (TRADP)
      1,207 words
    • Article, Illustration
      Jakarta and the Balkans
      1113 20  -  International responses to conflicts and crises Suryono Darusman looks at President Suharto's recent proposal to bring peace to the Balkans Suryono Darusman Suryono Darusman is a retired Indonesian ambassador. ON his flight back from a recent trip to Europe, Indonesia's President Suharto put forward proposals for
      1,113 words
    • Article, Illustration
      Why the UN fails and how to fix it
      1114 20  -  Andrew Mack calls for more idealism, less realism by the UN in the face of genocide Andrew Mack The writer is head of the Department of International Relations at the Australian National University. AS the continuing tragedy of Bosnia unfolds, the
      1,114 words
    • Article
      Mongolia's search for new friends
      1108 20  -  J Mohan Malik examines Mongolia's efforts to secure its future in the post-Soviet world J Mohan Malik %Dr J Mohan Malik is Director of Defence Studies, School of Australian A International Studies, Deakin University, Victoria, Australia. SINCE early 1990, Mongolia has been undergoing a rapid
      1,108 words
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      186 18 tfOOKSJROM ISEHS flflU SSKST" AFFAIRS 1995 An annual review covering 10 countries in the region. Essential reading for all who are interested DEMOCRACY AND CAPITALISM in Southeast Asia. Asian and American Penpedhvi by Robert Hartley, Chan Hong Chee, Samuel P. Huntington, and A highly valuable annual Shljuro Ogata review of
      186 words
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      Page 20 Advertisements Column 1
      162 20 Corporate membership of ISEAS Library THE Institute of Southeast Asian Studies has just established a scheme for corporate membership of its library. Founded in 1968, the ISEAS Library, previously a closed library, is a major repository of books, documents, maps, and audio-visual materials on South-east Asia. There are more than
      162 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      A Pan-Asian pipe dream?
      1553 21 Broadcasters now realise that tapping the huge Asian market is not as easy as they thought. Catherine Ong reports XHE much-hyped Pan-Asian television market is turning out to be a pie in the sky. Two years after media baron Ru--pert Murdoch fought over Hongkong-based Star TV
      1,553 words
    • STRAWS IN THE WIND
      • Article
        Speed
        61 21 A 12-YEAR-OLD kid announced to his friend that he had put together a 20-piece jigsaw puzzle in three hours and was therefore the fastest jigsaw puzzle solver in the world. "That's not fast at all," the friend sneered. "But it is," insisted the kid, "it says on the box
        61 words
      • Article
        Taking liberties
        75 21 ITS AMAZING what some customers think they can get away with. Take the woman who marched into a shoe store in Philadelphia demanding a refund for a pair of shoes she bought nine months ago. They no longer fit, she complained. The manager explained that the shop only
        75 words
      • Article
        Star treatment
        60 21 A LOCAL television actor's quiet afternoon in a departmental store came to an abrupt end when one of the salesgirls spotted him, shrieked and ran across the room to alert the cashier. Both girls immediately squatted behind the cash counter and started giggling and pointing at him. Talk
        60 words
    • Opinions
      • Article, Illustration
        Lock icon Pennsylvania Avenue victim of the times
        803 22  -  LETTER FROM WASHINGTON LEON HADAR The writer is BT's Washington correspondent WHEN this city celebrated the inaugural of President Andrew Jackson on March 3, 1828, the new White House occupant invited thousands of admirers to his mansion. As one Supreme Court Justice described it,
        Reuter  -  803 words
      • Article, Illustration
        To speculate on quakes is academic
        332 22  -  LETTER TO THE EDITOR Lee Hock Guan for Director-General of Public Works Ministry of National Development WE refer to the article in Business Times of May 18, 1995, by Soh Tiang Keng headlined "Skyscrapers here may be affected if big quake hits Sumatra: don."
        332 words
      • Article
        Executor differs from administrator of a will
        594 22  -  Benny Ong lay Tien Guan Directors Life Planning Associates Pte Ltd Parkway Parade Singapore 1544 WE REFER to the highly informative article "A Short Guide To Estate Duty" by Tan Kok Quan published in The Credit Suisse Guide To Managing Your Personal Wealth
        594 words
      • Article
        Yeltsin stars in one-man contest
        715 22  -  Unpopularity seems to be no bar to Russian leader's power, reports John Helmer John Helmer The writer is BT's Moscow correspondent IN THE sultry regions of the Americas, there is a dance called the limbo. It tests the skill of dancers to lower themselves beneath
        715 words
      • Article
        Some ads just don't travel well
        725 22  -  Chua Beng Huat discusses the impact of cultural differences Chua Beng Huat The writer teaches a course in sociology of consumption and popular culture at the National University of Singapore AS A RESULT of global distribution and high costs of production, advertisements of particular
        725 words
    • VIEWPOINT
      • Article
        A model modern Labourite
        1794 23  -  THE RAFFLES CONVERSATION A fortnightly series supported by Raffles Hotel Helen Clark, New Zealand's Labour leader, tells Kevin Sullivan why she is a firm supporter of welfarism and why there is no going back to old siege economy models. She also explains why, in her view,
        1,794 words
      • Article
        Migration and Maori issues
        629 23 Helen clark is unambivalent about New Zealand's liberal immigration policy. "Let's be positive" about the influx of Asian settlers, she says. "It's brought with it new resources both in human terms and in capital terms. It's enriched the society in a number of ways in terms
        629 words
      • Article, Illustration
        Part of the Asia Pacific
        596 23 Wellington's foreign policy orientation is Asian and will remain so, Helen Clark says, citing bipartisan support for participation in regional organisations and stepped up trade relations with neighbouring states. "New Zealand has faced up to the logic of its geography, its position in the Asia
        596 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          Buy!
          252 24 Those polled on their views of the Singapore stock market for the week ahead: BZW, Daiwa Research, DBS Investment Research, Fraser G K Goh, Kay Hian James Capel, Morgan Grenfell, Nomura, Phillip Securities, Smith New Court and WI Carr. DBS Investment Research (May 26) Courts. Niche retailer Courts will
          252 words
        • Article
          Hold
          117 24 Zalik Securities (May 26) YTL. Recent private placement of new shares to raise cash seems to be for the satisfaction of institutional demand for YTL shares. The new shares will create marginal dilution effects of 3.4 per cent on FY96 and FY97 EPS. Fully diluted adjusted EPS for FY9S/96/97
          117 words
        • Article
          Sell
          91 24 Standard Chartered Securities (May 26) DBS Bank. Individual, housing and manufacturing loans expected to slow down. Modest rise in customer deposits expected because it has fewer branches than UOB and OCBC. High exposure to interbank lending is a negative factor. Poor market sentiment means lower brokerage commissions from corporate
          91 words
        • Article
          What's ahead
          87 24 Moo, May 29. Holiday: US. Tue, May 30. US: The Conference Board releases its index of consumer confidence for May. Wed, May 31. US: April new home sales. Second estimate of first quarter's gross domestic product. Singapore: Urban Redevelopment Authority to sell two land sites for mixed residential
          87 words
        • Article, Illustration
          In my opinion...
          399 24  -  Anne Treimann Vice-President Head of research Sun Hung Kai Securities 44 r I 1 HE Malaysian I market is waiting .A. anxiously for Prime Minister Mahathir Mohamad's major economic policy speech next Friday. Last week's release of strong first quarter industrial production index growth suggests Malaysia's yet-to-be
          399 words
      • Article, Illustration
        Tenet offers Parkway future gains
        802 24  -  THEWEEK By Joyce Quek Figuring out whether Parkway Holdings' proposed $583-million purchase of a hospital chain will be a poison pill to presumed predator Sukarman Sukamto, or make him covet the group even more, may be a futile exercise. In all probability, the Wealthy Indonesian
        802 words
      • Article, Illustration
        Lock icon Thai market shrugs off political jitters in impressive rally
        829 24  -  Eye on the region: Thailand By Alan Boyd POLITICAL jitters have failed to derail an impressive resurgence by Thailand's stock exchange, with investors putting market value ahead of short-term instability. The rally, which began at the beginning of this month, has
        Source: Bridge Info  -  829 words
      • Article, Illustration
        Lock icon Don't bet on a bull run yet, at least not till the year-end: analyst
        621 24  -  Ong Chin Huat looks at what's ahead for the STII Ong Chin Huat The writer is Research Analyst. Centre for Business Research Development THE RECENT sudden bullish spurts backed by strong foreign buying give rise to
        Source: CBRD  -  621 words
      • Article, Illustration
        Singapore property: still room for growth
        1886 25 A Goldman Sachs interview with Far East Organisation's CEO reveals the views of a major developer on the local property scene THERE is no urgency to slash prices in Singapore's property market, says Ang Lay Pheng of US investment bank Goldman Sachs. After an
        1,886 words
      • Article
        DBS Asset Management launches China fund
        229 25 A FUND billed as the first pure China play has been launched by DBS Asset Management (DBSAM). Unlike rival funds which invest in other markets, the Shenton Greater China Fund buys stocks in Taiwan, Hongkong and mainland China so as to participate in opportunities
        229 words
      • Article
        Untitled
        646 25 Deposit amount l-mth 3-mth 6-mth Deposit amount l-mth 3-mth 6-mth Rank nf China flHSIBMHnBi S5.000 -US9.999 5.3100 5 5600 5 5600 V M 3 W USI0.000 US24.999 5.3100 5.5600 5.5600 A$ Yen 10.000 49,999 6.7500 6.8125 6.8750 SI0.000 Yen 9.9 mil 0.6800 0.6800 0.6900 50.000 Above 6.8750 6.9375 7.0000 Yen
        646 words
    • Article, Illustration
      Mel's highland fling
      706 26  -  Cinema Reviews By SUSAN TSANG IN THE Middle Ages, when Edward I of England (aka "Longshanks") oppressed Scotland and Ireland, there arose a comnjoner William Wallace who led the against the English. This is the setting of Braveheart. The second of three historical epics we can look
      706 words
    • Article, Illustration
      Chance encounter
      653 26 BEFORE Sunrise could happen to you an intelligent, well brought up twentysomething, with a wide range of interests. You might just meet someone like yourself on a train in Europe and have a wonderful conversation with him or her, a conversation that stretches through the night. In the
      653 words
    • Article, Illustration
      The best of times
      906 26  -  Once near bankruptcy, Swiss watchmaker Ulysse Nardin is now ticking over nicely after reviving old a art forms, writes Corinne Kerk Corinne Kerk NOW and again, some of us come out with great ideas. But fearful of change, we'd rather keep our brainwave in the closet
      906 words
    • Article, Illustration
      Lock icon Naked emperor of the social sciences Naked emperor of the social sciences
      972 26  -  DOim nrricw By VIKRAM KHANNA The Death Of Economics By Paul Ormerod Faber Faber 230 pages, $19.52 IN HIS irreverent expose of the wild world of investment banking in the book Liar's Poker, Michael Lewis told of a
      Illustration from book cover  -  972 words
    • Article, Illustration
      Latin American views
      405 27  -  Art Scene By BERNARD KELLY FEL GALLERY, which opened its doors at Delfi Orchard on May 18. was born out of a couple's passion for art. Husband and wife team Charles-Andre and Marie-Caroline Fel arc two enthusiastic art lovers who have uprooted themselves from Europe to set
      405 words
    • Article
      Intricate art behind face of fortune
      598 27 THE ELABORATE art of applying enamelled cloisonne to decorate a small number of watch faces stopped in 1958. The reason is simple. The artist died. Fortunately for watch-lovers, his son-in-law, Michel Vermont, decided to give the art a try in 1989. Apparently, his first
      598 words
    • SPORTS
      • Article
        Suter Tan set to make waves
        157 28 SINGAPORE National skier Suter Tan will make his first tournament appearance since coming in second in last year's Asian Champions at the Omega Singapore Open tomorrow at Kallang Riverside Park. Tan competing in the Men's Open Slalom event, will face a strong challenge from
        157 words
      • Article
        Lock icon Dennis returns to childhood course
        61 28 AFP FORT WORTH, Texas Clark Dennis returned to the course he has played since childhood here on Thursday and carded a 64 for a share of the first-round lead in the Colonial National Invitation golf tournament. Dennis' tfx-under effort put him level with Lennie Clements,
        AFP  -  61 words
      • Article
        Lock icon Magic holds off Pacers
        74 28 Reuter ORLANDO, Florida The Shaq attack went into high gear at crunch time and the Orlando Magic held off the Indiana Pacers 119-114 on Thursday to take a two games to none lead in the best-of-seven Eastern Conference Finals. Orlando's All-Star centre Shaquille O'Neal scored 17
        Reuter  -  74 words
      • Article, Illustration
        Lock icon Ajax fans celebrate
        48 28 Reuter AMSTERDAM Boats loaded with Ajax fans clogged up the canals in the Dutch capital here on Thursday, when their team made a victorious canal tour. About 200,000 fans paid tribute to their team who defeated AC Milan on Wednesday in the Champions League. Reuter
        Reuter  -  48 words
      • Article
        Lock icon Second seed toppled
        77 28 Reuter LAUSANNE Second seed Ardy Wiranata was bundled out of the world badminton championships on Thursday. Malaysian number one Rashid Sidek, seeded equal ninth, came from a game down to beat the Indonesian 6-15, 18-13, 15-5 in a fiercely contested 64-minute match. The other leading men's seeds
        Reuter  -  77 words
      • Article, Illustration
        Lock icon Supreme test of stamina, patience and angles
        945 28 AFP PARIS The world's most gruelling tennis tournament starts on the red clay courts of the Roland Garros Stadium on Monday with top seeds Andre Agassi and Pete Sampras both determined to overcome a jinx and collect the only major title that has
        AFP  -  945 words
      • Article, Illustration
        Lock icon Montgomerie looking forward to Ryder Cup
        303 28 Golf AP VIRGINIA WATER, England When Colin Montgomerie looks at the Ryder Cup standings, he begins to feel confident. On the European side, all the big names are in the top eight except Nick Faldo, and Faldo could be there on Monday if he
        AP  -  303 words
      • SCORE CARD
        • Article, Illustration
          Badminton
          114 28 LAUSANNE, Switzerland World championships Thursday Men's sth nfc 1-Heryanto Aroi (Indo) b 9/16-Lee Kwang-jin (SK) 15-12 15-12; 5/8-ioko Supnanto (Indo) b 9/16-Dong Jiong (Chi) 15-5 15-4; 3/4-Poul Erik Hoyer-Larscn (Den) b Chen Gang (Chi) 15-2 15-4; 5/8-Her-mawan Susanto (Indo) b Robert Liljequist (Fin) 15-5 15-1; 5/8-Park Sung-woo (SK) b
          114 words
        • Article, Illustration
          Cycling
          63 28 CENTO, Italy lour of l»ly 12th stage (201 km from Borgo a Mozzano to Cento) Thursday: 1 Jan Svorada (Slov) shr 4min 50 sec 2 Giovanni Lombardi (Ita) s.t. 3 Giuseppe Citterio (Ita) s.t. Overall standings: 1 Tony Rominger (Swi) 49:14:49 2 Piotrc Ugrumov (Lat) 3:06 behind 3 Eugcni
          63 words
        • Article, Illustration
          Basketball
          17 28 ORLANDO, Florida NBA Eastern Conference Finals Thursday: Orlando 119 Indiana 114 (Orlando leads best-of-seven series 2-0).
          17 words
        • Article, Illustration
          Golf
          65 28 FORT WORTH, Texas US$l.4 million Colonial National Invitation Ist rd Thursday (US unless stated); 64 Lennie Clements, Clark Dennis 65 Billy Andrade, Craig Parry (AusL Mike Hulbert. JefT Maggert, Curtis Strange. D A Weibring. Fuzzy Zoeller. Payne Stewart 67 Woody Austin, David Edwards, Jerry Pate, Brad Bryant. David Duval,
          65 words
        • Article, Illustration
          Tennis
          54 28 DUSSELDORF World Team Cup Thursday Bine Group: Australia 2 Germany 1 (Patrick Rafter b Karsten Braasch 5-7 6-0 6-4; Jason Stoltenberg lost to Michael Stich 2-6 1-6; Todd Woodbridge/Mark Woodfordc b Braasch/Patnk Kuhnen 6-1 6-2); Sweden 3 US 0 (Stefan Edberg b MaliVai Washington 6-4 6-4. Magnus Larsson b
          54 words
      • Article
        Lock icon Scotland routs Ivory Coast by record-breaking 89-0
        364 28 AP RUSTENBURG, South Africa Gavin Hastings kickcd and ran for 44 points to lead Scotland to a record-breaking 89-0 victory yesterday over hapless Ivory Coast in their opening pool D match of the Rugby World Cup. The 89 points were the most ever
        AP  -  364 words
      • Article
        Lock icon English backs have to prove sceptics wrong
        356 28 Reuter DURBAN, South Africa England, the 1991 Rugby World Cup runners-up, must prove to the doubters that they can embrace a sufficiently expansive game to go one step further this time. The European champions meet Argentina in their Pool D opener here today.
        Reuter  -  356 words
      • Article, Illustration
        Lock icon An all-colour celebration of S Africa's victory
        607 28 Rugby World Cup AFP Reuter JOHANNESBURG South Africans awoke yesterday with a collective hangover to banner newspaper headlines praising the Sprinboks' victory over Australia in the opening match of the Rugby World Cup. The celebrations crossed colour lines in a traditionally white sport.
        AFP; Reuter  -  607 words
    • TIME OFF
      • Article, Illustration
        PERFORMANCES
        290 29 Ike Squeeze II Action Theatre's series of 10-minute plays returns with seven bite-sized items. The seven plays are directed by Verena Tay, Lim Jen Erh and Ferlin Jayatissa. Until June 2, at Jubilee Hall, Raffles Hotel. Mon-Thu (8pm): $15, $20, $25, $30. Fri A Sat (8pm): $18. $25, $30,
        290 words
      • Article, Illustration
        FESTIVAL OF ASIAN PERFORMING ARTS
        781 29 Festival Fringe '95 BG George Yeo, Minister for Information and Arts, will be officiating at the Festival of Asian Performing Arts 1995 with the symbolic clashing of the Chinese cymbals. Today, 5.30pm to 6.30pm, at Raffles City Shopping Centre. Shanghai Song I Dance Troupe This
        781 words
      • Article
        CONCERTS
        181 29 Four Hands Piano Recital Almerindo d'Amato and Caterina Vasaturo from Italy will perform a piano recital which includes F Busoni's Danze Finlandesi op 27, Maurice Ravel's Rapsodia Spagnola and S Rachmaninoffs Set Pezzi op 11. June 3. Bpm at Jubilee Hall. Raffles Hotel. Tickets at $40. $30. $20 are
        181 words
      • Article, Illustration
        EXHIBITIONS
        907 29 Reincarnation of "Wastra-WaN" in Paintings Exhibition by Balinese artist Ngurah Arya Arnawa, who paints on the much sought-after antique cloth of Bali called wastra-wali. Through his paintings, one is able to admire and understand what wastra-wali is for he has reincarnated wastra-wali on canvas. Until tomorrow. Mon-Sat: 10.30am--6.30pm. Sun:
        907 words
      • Article
        TALKS/COURSES
        578 29 Gender And Genius Nominated Member of Parliament Kanwaljit Soin will be the guest-of-honour at Mensa's Annual Dinner and Talk. Today. 7pm at Orchid Country Club, I Orchid Club Road. Registration: $45 for adults <& $35 for students/fulltime NSmen (members): $60 for adults $550 for each table of 10 (non-mem-bers).
        578 words
      • Article
        MISCELLANEOUS
        116 29 Walt Disney Classics on Sentosa Walt Disney wil come alive at Sentosa for this June school holiday. Lots of fun activities ranging from life-sized board games, screening of special Disney videos, display of Disney merchandise, contests, art competition and story-telling for children is in store for everyone. Until June
        116 words
      • Article
        AT THE SUBSTATION
        156 29 New Criteria 111 An event to expose young and upcoming artists practising locally, who are concerned with making multi-media and experimental art. It focuses on works which question or challenge existing notions of art practices in a serious and consistent manner. Until May 31. Ham to 9pm
        156 words
      • Article
        TICKETING
        144 29  -  Compiled by M Yasotha Sis tic 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
        144 words
    • EPICURE
      • Article, Illustration
        Complementary flavours
        639 30  -  Bon Appetit By SUSAN TSANG WE ALL KNOW that wine and food complement each other. At the Harboiflr Grill, diners have a chance to experience this pairing in its highest forth, with food specially created to complement good wine. Frederic Prouvoyeur, executive chef of the Chateau Magnol, is
        639 words
      • Article
        The finest and the best from Spain
        815 30  -  I|B MI wine By N K YONG IT HAS been said of Don Miguel A Tofres, fourth-generation member of thej founding family, and currently executive president of Torres, Spiin's largest and most famous wiife: producer, that in his brilliance as fvjne maker and
        815 words
    • Article, Illustration
      CINEMA
      977 32 A Goofy Movie. Goofy takes his reluctant teenage son on a fishing trip. Changi: 11; 1.30; 4. Jurong: 10.45; 12.45; 2.45; 7.15. Yishun: 9.50; 11.40; 1.30; 3.20; 5.10; 7. Bishan: 10; 11.50; I.40; 3.30; 5.20. Pavilion: II.10; 1; 3; 5; 7.10. Before Sunrise. Two twentysomethings (Julie Delpy and Ethan
      977 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      167 21 JUST DESERTS Legal discourses In digestible portions. The Law Page. Every Thursday. Busmesgßm^ ■M| li—M maammmm—|——il—MMM——MMl—l a H I 111 lli itftfMMUBHBMHBBMMMMI Kf; *-.Sj?3£ A Jlj h w% <vL^ s2fe^ <1 E^J jJm 5P f I 1m I H 1.. "^JJJJJH^J^^^I^PJJJJJJJJ^^^^H ii iij. HNGAPOKRi Bartoijw l«MfMi 43SOrchwdload, *OMI. Wtaaa Aim,
      167 words
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      21 30 SHOTS The latest in sea, air w and land transportation yi Times Monday to Friday VSINGAPORE# f 1 Business Times nowat
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      Page 30 Advertisements Column 2
      38 30 jAP T 3ue*Wjry<**#>Am»«»L*» Presents rook now for the KTV Rooms special promotion (For reservation please call *****36) Company Party Product Launch Omar A Danca ofjust anything you can .magine 101 Thomson Road 181 -ot«® U""* Sing^KMVll3o Tal: *****3®
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      Page 30 Advertisements Column 3
      380 30 WHERE TO WINE, DINE AND ENTERTAIN EAT-ALL-YOU-CAN BBQ at Melia. fCome ori down with the whole family to EL PATIO Coffeehouse for a sumptuous, mouth watering Price: $26.00+++ (Adult) I[~ HOTEL MEIJA AT SCOTTS TEL *****85 FAX *****32 mmiop ti&t*aaMM I <?f oa^ers u 9 Olde English Eating House Y
      380 words
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      Page 31 Advertisements Column 1
      881 31 No. lin the ,USA> WHERE7O WIME DlliE AND entertaim TH€ MOST RUTH€NTK HflUflN PRSTfI PIZZA IN TOUJN Alt-TIME ITALIAN FAVOURITES... TTnearerto thTeSTL PASTA PRISCA BA SAIVATORI HI ll* ASO' VBSsS^OSSSI niWIM&MMJtIUI/BSISWKMISHI/MHOW I J First Impresssion The First Impression Bottles of selected liquor entertains nightly, except are available at special dison
      881 words
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      Page 31 Advertisements Column 2
      276 31 rr= ==^s\ Jancy 'Beijing? Then, we're delighted to suggest the Tine Court for a memorable dining experience. Our lunch menu offers a variety of dian tin 'Beijing dumplings, a selection of set menus, and Heijing specialities Plll/i such as teijing 2?uc£. Halfad Tench and HSH®?® Marinated Lamb, fancy some now?
      276 words
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  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      2274 32 TODAY'S TV TTTT.WJ I F.I rTMB F *L •>1 400 Sdl ViskMl JFK, 7.30pm, Chs Inquiring Minds, 7pm, CHI2 F VIA Oliver Stone's 1991 attempt to A look at the world's most fe' v caa fJJM bring some paranoia to John F popular drug catTeine. After y?» Uin i"*—-—-^ Kennedy's
      2,274 words