The Business Times, 29 March 1997

Total Pages: 24
1 24 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 0&V12/96 85$ SINGAPORE Internet http://www.asial.com.sg/biztimes WEEKEND EDITION, MARCH 29-30,1997
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  • 42 1 wnmmumnum Friday n-y KLSE COUP 1JZ17.64__4.67 NIKKEI 18,1*71 -M.70 HANG SENG dod 8CTINDEX 7N.M 11! JAKARTA COUP. rtwwl MANILA COMP dwrt TAIPEI WPI 8,1*70 >29.99 sboul oomp ma *m CUA CHINA B Umv ABffALLORO dosed UN aooa Gunge DOW (M
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  • 62 1 U8S St CBS 1.444 ft us* ua DM «M4 MM YEN m MH Lltt W-4 1403 US HK$_ 0.129 9.188 BAirr_ *m mm HJMAHtM IMS MM nan bates SINGAPORE* 144 JAKARTA —MJO BANGKOK 11* HONOKQNO—. J.Z.ZZ...&M TAIPEI Ji5 SYDNEY CM TOKYO 1M 880UL 10.« ZURICH" Itt FRANKFURT*** 4M LONDON
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  • 546 1  -  Bank Negara acts to preempt bubble economy, targets 7.8-&2% growth From. Eddie Toh in Kuala Lumpur THE Malaysian central bank took steps yesterday to preempt the formation of a bubble economy by announcing two new measures against excessive lending for purchase of
    REUTER  -  546 words
  • 215 1 [KUALA LUMPUR] The governor of Malaysia's central bank said he is unaware of any move by the bank or the government to limit or close down Clob International, the over-the-counter market in Singapore where the bulk of the foreign stocks traded are
    215 words
  • 314 1 SISV and SPH himA BBATink on the Web today [SINGAPORE] Property investors here and abroad can now get data about private property transactions in Singapore on the Internet. The Singapore Institute of Surveyors and Valuers (SISV) and Singapore Press Holdings (SPH) are this
    314 words
  • 308 1 Bernama [KUALA LUMPUR] Deputy Prime Minister Anwar Ibrahim said yesterday that the cabinet which met on Wednesday decided that bilateral ties with Singapore will continue, but "previous levels of confidence" will take time to be restored. Mr Anwar said the cabinet regretted that some
    Bernama  -  308 words
  • 311 1  -  From, Neil Behrmann inljondon WALL STREET stocks will look vulnerable when trading resumes after the Easter holiday as surging bond yields on Thursday put mounting pressure on equities. In the bond market, prices tumbled as the yield on the 30year
    Source: Bloomberg  -  311 words
  • 146 1 "THE cabinet in its meeting on Wednesday 26 March 1997 discussed the events following the disparaging remarks on Malaysia by Singapore's Senior Minister Lee Kuan Yew. "The cabinet feels, along with the Malaysian people, that good neighbourly relations are built upon the principle of reciprocity, nurtured by mutual
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  • Page 1 Advertisements
    • 117 1 UIHHH Unrritki In line with lower-than-expected output and trade data, more broking houses have downgraded electronics stocks, Pfl TkUnalnik More professionals in Singapore are putting their careers on hold while they pursue other personal interests. Why? ELI E—-I-—— i -V qul Who first came up with the Idea of making
      117 words
    • 4 1 More reports, Pg 3
      4 words
    • 71 1 Silk twill scarf, pleated scarf, tie. beach towel. pareo, cashmere shawl, ashtray. "Clic Clac" enamel bracelet, gloves, embroidered ballerina shoe. "Kelly" watch. "24. Faubourg jewel purse spray. JOOK W yr yr c*' ■feß* Jtr L Something about Hermes. jh>4< HERMES PARIS Available exclusively at: #01-02 A Liat Tower*. Orchard Road.
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    • 14 1 There Is no freeze, says Mahathir, Pg 3 US stocks buys slow, Pg 9
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S Eye
      • 589 2 Those polled for their views on next week's Singapore stock market outlook are: Alliance Securities, ING Baring, Daiwa Securities, Fraser Securities, GK Goh, Deustche Morgan Grenfell, Phillip Securities and Merrill Lynch. Natsteel Ltd ♦(Hold) OCBC Investment Research, Mar 27, $3.54 Natsteel is turning around faster than expected,
        589 words
      • Article, Illustration
        454 2  -  Jacqueline Ong Hrflonil Economist, Independent Eoonomlo Analyila (Holdings) Pte Ltd (IDEA) 44"|1/r ALAYSIA has been VI able t0 clock above 11X. 8 per cent growth for the ninth straight year, undoubtedly enhancing the allure of the economy as a destination for foreign inflows. Its greatest economic accomplishment
        454 words
    • 1090 2  -  Gains likely from strong growth in regional traffic; analysts call for a buy on Cathay Pacific and SIA (L) By\ Rahita Elias [SINGAPORE] ASIAN airlines are banking on strong growth in the aviation market, especially in their own backyard Asia. And stock investors could make
      1,090 words
    • 86 2 AT current levels, Singapore Airlines Local looks like a good long-term buy. The daily and weekly RSI and stochastics charts suggest a buy on the stock, and this is supported by the directional indicators. In the case of Cathay Pacific, there appears to be more downside for the
      Source: Bridge Info  -  86 words
    • 461 2  -  A hint of change but problems persist, especially illiqnidity By\ ShivTaneja [SINGAPORE] Closed-end funds have not been popular with local investors. To a large extent, the negative attitude towards these funds is well deserved. Let's just consider the four funds that have
      461 words
    • 921 2  -  The Back of the ENVELOPE Dontbetonityet: it's not eaay to tell a cyclical from a structural uptrend By. David Goh The writer is a banking and finance lecturer with the Nanyang Technological University. This fortnightly column covers both property
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  • Page 2 Advertisements
    • 50 2 Al\lAm A* Nippon Amuans NOTICE CHHNGE OF TELEPHONE DOS. Please be informed that with effect from 31 March 1997, our telephone nos. will be changed as follows: TEL. FAX. Reservation Ticketing 323-4333 324-2775 Tour Desk 224-1514 224-5527 Sales Administration 225-3255 224-5527 Please note thet our address will remeln the same.
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  • REGION
    • 426 3  -  Bank Megara 1908 annul report to less productive activities like consumption, sleeks Reports by Eddie Toh in Kuala Lumpur STOCKMARRET players are not going to like the latest Bank Negara report, especially its intention to keep interest rates high. "Factors influencing
      426 words
    • 297 3 THE major sectors of the economy are expected to expand further, but at about the same pace, Bank Negara said. The main impetus of growth will come from the services, manufacturing and construction sectors. The agriculture and mining sectors will continue to register
      297 words
    • 235 3 BANK Negara governor Ahmad Mohamad Don is undaunted by the two failed marriage attempts of banks in Malaysia. He noted that some analysts had said the two merger failures this year had thrown a spanner in Malaysia's plans to consolidate the crowded banking sector.
      235 words
    • 244 3 KUALA LUMPUR Malaysian PM confirms media reports are not true Bernama PRIME Minister Mahathir Mohamad said yesterday media reports that Malaysia has frozen fresh bilateral dealings with Singapore are not true. RTM, in its Bpm news bulletin, reported the prime minister as
      Bernama  -  244 words
    • 366 3 ■JOHORBARU The Straits Times LAWYER Tang Liang Hong said yesterday that Senior Minister Lee Kuan Yew should quit the cabinet as he is impeding its function and damaging bilateral ties with Malaysia. He said that because of the Senior Minister, the
      The Straits Times  -  366 words
    • 590 4  -  TOKYO Plan to be announced next month will involve cash infusions of at least 150b yen By. Anthony Rowley A MAJOR crisis-averting rescue operation is being mounted by official and private sources for ailing Nippon Credit Bank (NCB). The bank, long
      590 words
    • 397 4 SEOUL rhangAfl in April will make it tougher for them to resist mergers Reuter SOUTH Korean companies are hastily throwing up defences against potential hostile takeovers ahead of legal changes next month that will make it more difficult to fend off predators.
      Reuter  -  397 words
    • 127 4 HONGKONG Reuter HONGKONG'S flat-buying frenzy turned violent for one property agent who was knocked unconscious at a flat sale, a local newspaper said yesterday. Tempers flared on Thursday as security guards sought to control property agents trying to reach buyers queuing at a popular
      Reuter  -  127 words
    • 57 4 [HANEDA, Japan] A Japan Air System Airbus A-300 rolling back from a new runway yesterday at Tokyo International Airport in Haneda, onto a taxiway above a freeway. The new runway, which opened on Thursday, is expected to ease the crowded conditions of departing and landing flights, allowing 80
      AFP  -  57 words
    • 355 4 ■TOKYO This is the final package of a 3-year deregulation plan Reuter JAPAN yesterday announced a revised package of measures to deregulate the nation's economy but left the timing of many of the steps unclear. "The package is aimed at deregulating
      Reuter  -  355 words
    • 133 4 SEOUL Reuter SOUTH Korean prosecutors yesterday arrested the chairman of the stricken Hanbo Group whose steelmaking flagship collapsed in January, a prosecution official said. "Mr Chung 80-keun was arrested and taken to the Youngdungpo prison," he said. Chung was taken into custody after being questioned at the
      Reuter  -  133 words
    • 270 4 SHANGHAI Fake information found in some annual reports watchdog Reuter CHINA'S securities authorities yesterday warned listed firms that any company found including false information in annual reports would be harshly punished. The China Securities Regulatory Commission (CSRC) said in a circular that several instances
      Reuter  -  270 words
    • 1510 4 CITY FLIGHT ETA FLIGHT ETO MI8% 1820 Abu MmM BY610 2150 GA890 0120 WtosMm S0977 1720 S0978 0145 Adelaide SO 2 30 1815 0F82 2050 Ho CM MM VN741 1310 VN740 MIO Of81 1930 S0173 1905 S0174 MB AnuMA RJ187 0130 HonqKonf UA805 0105 UA806 0800
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    • 415 4  -  HONGKONG From] Loh Hui Yin in Hongkong VOLATILE bond markets and a strong US dollar dampened the performance of the Hongkong government's Exchange Fund last year, with accumulated earnings up 7.9 per cent, against a strong 27.3 per cent increase in 1995. Accumulated earnings
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  • Page 3 Advertisements


  • THE WORLD
    • WORLD Watch
      • 87 5 AFP [PARIS] A strike by ground staff at Paris' Orly airport disrupted flights by Air France Europe, a domestic v subsidiary of national carrier Air France, yesterday The strike by one of the main ground staff trade unions, SUD-aerien, caused delays or flight cancellations,
        AFP  -  87 words
      • 72 5 AFP [MOSCOW] Russian trade union leaders said yesterday more than 20 million workers and pensioners had taken part in Thursday's nationwide protests, rejecting official estimates which were much lower. Mikhail Shmakov, head of the Federation of Independent Trade Unions, said the demonstrations over unpaid
        AFP  -  72 words
      • 85 5 AFP [LONDON] Thousands of British wage-earners faced a financially tough Easter long weekend after an inter-bank computer breakdown on Thursday blocked salary <; payments. Several banks, including Barclays and Lloyds TSB, promised clients would not be penalised for the delay, caused by a communications blackout
        AFP  -  85 words
    • 312 5 We will be exonerated and property will stand as we indicated, says its president Bloomberg [TORONTO] Bre-X Minerals Ltd shares plunged 83 per cent on Thursday following the company's disclosure the day before that its estimates of gold reserves in an
      Bloomberg  -  312 words
    • 205 5 WASHINGTON AFP US PRESIDENT Bill Clinton has hailed Vice-President A 1 Gore's trip to China as a success and said it was proof positive his policy of engagement with Beijing was paying off. "The trip has been a real validation of our strategy
      AFP  -  205 words
    • Article, Illustration
      57 5 [SERENGETI NATIONAL PARK, Tanzania] US First Lady Hillary Clinton, standing under an acacia tree, talking to reporters on Thursday during a press conference about her trip to Africa. Mrs Clinton said she hoped that bringing her daughter Chelsea along on the trip "might plant a seed"for improving health
      REUTER  -  57 words
    • 430 5 WASHINGTON US panel looking into firm's ties with Cltic chief who also heads weapons export firm Bloomberg Source: Bloomberg LEHMAN Brothers Inc and one of its investment bankers, Ernest G Green, were subpoenaed by a congressional committee investigating Democratic election fundraising. Subpoenas
      Bloomberg; Source: Bloomberg  -  430 words
    • 491 5 WASHINGTON GDP expanded at GDP price deflator shows lowest reading in 30 years Bloomberg NEW government figures show the US economy unexpectedly grew at a slower pace in the fourth quarter than previously estimated. Inflation, while subdued, was revised higher. The gross domestic
      Bloomberg  -  491 words
    • 285 5 WASHINGTON Bloomberg THE Clinton administration signalled a renewed interest on Thursday in adjusting the formula for cost-of-living increases, a step that could help spur passage of a balancedbudget agreement. Acknowledging that the basis for benefit increases, the consumer price index, overstates inflation, White
      Bloomberg  -  285 words
  • Page 5 Advertisements
    • 10 5 Busang fiasco may boost S African gold shares, Pg 9
      10 words
    • 118 5 1 The Leys School I Cambridge I." lull r— HMC Independent Boarding School 1| lill'lMl 425 Pupils Aged 13-18 ■I iV 200 in Sixth Form Coeducational ttbnria J I Families interested in hearing more about the School can I I make appointments by contacting the UK office prior to I
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  • Page 5 Miscellaneous
    • 368 5 THE WEATHER Fair. Temperature (30-25) Europe Hi/Lo* Oiwl America HVLo* Cood. Aria-Pidflo Hi/Lo* Good. Amsterdam (loudy Atlanta 11/08 Cloudy Auckland 21/14 Cloudy Athens 18/08 Showers Bu.ihw Aires 28/17 Cloudy Bangkok 36/24 (loudy Berlin 07/00 (loudy Chicago 14/04 Sunny Beying 13/3 Cloudy Bora 09/01 Cloudy Honolulu 27/20 (loudy Bombay 35/23 Cloudy
      368 words

  • COMPANIES & MARKETS
    • 626 6  -  Lower-than-expected output, trade data and folly valued stocks cited Jennifer Lien [SINGAPORE] In tandem with lower-than-expected output and trade data, several broking houses have downgraded the electronics sector in recent weeks. While a handful of houses lowered their ratings following a run-up in electronics
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    • 482 6 Malaysian firm also sees IPO for S African utility in 3 years Bernama [KUALA LUMPUR] Telekom Malaysia Bhd, which has won a stake in Telkom South Africa (Telkom SA), is prepared to inject more funds into the South African utility if required, chief
      Bernama; FILE PHOTO  -  482 words
    • 543 6 MARKETTALE Analysts see curbs, potential oversupply depressing prices Bloomberg [SINGAPORE] Singapore's property companies are bracing for a tough year. After posting increases in profits of between 20 and 25 per cent last year, 1997 is expected to see a slowdown in growth as the
      Bloomberg; Source: Bloomberg  -  543 words
    • 382 6  -  From Al Labita in Manila A SINGAPORE-BASED subsidiary of listed Ayala Land Inc (ALI) has bought the prime Tattersall's Building in Sydney, its first investment foray in Australia, the company said on Wednesday. In a report to the Philippines Stock Exchange,
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    • CORPORATE RESULTS
      • 61 6 [SINGAPORE] Fuji Offset Plates Manufacturing has posted a 65 per cent rise in group net earnings to $1.18 million for the year ended Dec 31,1996. Group turnover, however, eased 2.4 per cent to $22.77 million. Earnings per share rose to 2.37 cents from 1.44 cents.
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      • 66 6 [SINGAPORE] Group net earnings of Broadway Industries fell 52.6 per cent to $521,000 for the year ended Dec 31,1996, affected by a weak consumer electronics market and a $5.96 million depreciation charge. Turnover increased 19.8 per cent to $60.71 million. Earnings per share decreased to 0.45
        66 words
      • 55 6 [SINGAPORE] HBM Print has posted a net profit of 1896,000, a tremendous increase from its earnings of $3,000 last year. Turnover rose by 26.2 per cent to $90.1 million. HBM's earnings per share is now 1.02 cents, while net tangible assets are up
        55 words
      • 79 6 [SINGAPORE] Liang Huat Aluminium has reported a 90 per cent plunge in group net earnings to $415,000. Turnover, however, rose 33 per cent to $106.2 million for the year ended December 1996. Turnover exceeded $100 million for the first time, mainly due to
        79 words
      • 72 6 Bloomberg [KUALA LUMPUR] Oriental Holdings Bhd said 1996 net profit rose 83 per cent to M 5394.4 million (*****.5 million). The profit exceeded an average forecast 0fM5339.9 million by 17 analysts in The Estimate Directory. Oriental said second half profit was better than expected,
        Bloomberg  -  72 words
      • 79 6 Bloomberg [KUALA LUMPUR] 101 Corp, a plantation and property group, said first-half net profit dropped 4 per cent to M 580.7 million (5546.9 million), hurt by lower palm oil prices. The fall in profit was limited by stronger performances from its property and
        Bloomberg  -  79 words
    • REGIONAL COMPANIES
      • 553 7 It forms a Dutch joint venture for a chain of supermarkets and discount stores Bernama [KUALA LUMPUR] Perlis Plantations Bhd (PPB) will in future focus on four main activities commodity-based foods, manufacturing and services, hotels and property, and palm oil plantations, according
        Bernama; Source: Bloomberg  -  553 words
      • 517 7 KI£E chief says it is not known when it will be introduced Bernama [KUCHING] The Kuala Lumpur Options and Financial Futures Exchange (Kloffe) has indicated the possibility of introducing a Second Board Index (SBI) futures contract. "The interest has been shown to
        Bernama  -  517 words
      • 93 7 Bloomberg [KUALA LUMPUR] YTL Corp said first-half net profit rose 11.1 per cent to M 5162.77 million (5594.7 million). The company, which has interests in power generation, leisure and property, did not give any reason for its financial performance. In a statement on
        Bloomberg  -  93 words
      • 187 7 AFP [SEOUL] South Korea's leading conglomerate, LG Group, yesterday said it would invest US$6B billion (Ss9B billion) by the end of 2000 to beef up fu-ture-oriented businesses including semiconductors and telecommunications. The restructuring programme, which calls for disposing of 90 small business
        AFP  -  187 words
      • 307 7 Firm is in another project due to start later this year Bernama [KUALA LUMPUR] Petroliam Nasional Bhd's (Petronas) first liquefied petroleum gas (LPG) joint venture project in China comprising a LPG receiving terminal and jetty, LPG bottling plant and related ancillary facilities in
        Bernama  -  307 words
      • 56 7 [TOKYO] Japan Airlines (JAL) flight attendant Naoko Fukunaga showing the "Tamagocchi JAL special", a special version of the "Virtual Pet" in Tokyo on Thursday. JAL will prepare 30,0000f the latest toy craze for one of their domestic flight mileage awards, to boost domestic flights from April
        REUTER  -  56 words
      • 148 7 Reuter [BANGKOK] Thailand's One Holding pic owes lenders 7.018 billion baht (*****.5 million), the company said in a statement to the Stock Exchange of Thailand yesterday. The firm has loans totalling 4.956 billion baht outstanding to 38 financial institutions, owes 562 million baht
        Reuter  -  148 words
      • 295 7 Reuter [BANGKOK] The Industrial Finance Corp of Thailand (IFCT) said yesterday it had finalised a plan to manage troubled and scandal-ridden Bangkok Bank of Commerce pic from May at the request of the Bank of Thailand. An official at IFCT, an industrial financing
        Reuter  -  295 words
    • INTERNATIONAL COMPANIES
      • 247 8 FT [SHANGHAI] Ford Motor Company, the US carmaker, on Thursday announced plans to raise its stake in Jiangling Motors as a prelude to launching its first vehicle manufactured in China this year. The U5554.5 million (5578.5 million) purchase of JMC
        FT  -  247 words
      • 456 8 Some have stopped dealing with the securities firm after probe on allegedly illegal stock deals Reuter [TOKYO] Nomura Securities chairman and president Masashi Suzuki said it was unavoidable that recent raids by authorities would have a negative impact on the company's business, a company
        Reuter; Source: Bloomberg  -  456 words
      • 374 8 It had bought Snapple 27 months ago for US$L7b and is selling itfbrjastUSs3oom LATWP [LOS ANGELES] Closing one of the worst flops in corporatemerger history, Quaker Oats Co agreed on Thursday to sell Snapple Beverage Corp to Triarc Cos for US$3OO million (***** million),
        LATWP  -  374 words
      • 347 8 Bloomberg [PALO ALTO, California! Oracle Corp chairman Larry Ellison late Thursday confirmed he has formed an independent investor group to gauge interest in taking over troubled Apple Computer Inc. The move, which is not the first time Mr Ellison has raised the
        Bloomberg; FILE PHOTO  -  347 words
      • 206 8 Bloomberg [SANTA CLARA, California] Intel Corp said its board approved the repurchase of an additional 30 million shares, a boost of 27 per cent. In 1990, directors authorised the world's largest chipmaker to buy back 110 million shares. Intel has bought about 92.6
        Bloomberg  -  206 words
    • SHIPS IN PORT
      • 623 8 VMM Voy«« Mrt« Arrival Dapartare 3t d«vk Jay *****7 J01 alongside 28.03/2200 m Jatoal R 2 *****7 J01 alongside 29.03/0700 Bt Kary Bakt 2Mar97 J01 alongside 28.03/1500 Bt MM GT6 S7 *****7 J01 alongside 28.03/2300 Bt S*****7 J01 alongside 28.03/2359 Bt Sahatwt J *****7 J01 alongside 28.03/2000 Bt
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      • 1586 8 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booklnq/BalMcc Rstls Ship Voy No Etb/Btr Period From To From Acx A«nct( 027* 3V0700 20/800 2M659 20/1900 2A it/mo 29/0059 nmoo j 29/OTOO nmw 29/1400 4 29/1200 29/1459 2WT00 to Lo<l 0,30 11/000 a/5oo 2Wo*» w/woo J 29/0700 29/189 29/1400
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    • FINANCE,COMMODITIES & MARKETS
      • 386 9 Profit hits record USs3l6m on asset management and investment banking Bloomberg [NEW YORK] Morgan Stanley Qroup Inc's fiscal first-quarter farnings rose 16 per cent, led fcy asset management and investment banking. t The fifth-largest US securities firm in terms of capital •aid
        Bloomberg  -  386 words
      • 326 9 Deutsche unit Morgan Grenfell had access to Thyssen data, it says AFP {HAMBURG] Deutsche Bank, the biggest private German bank, played a double role in the controversial attempt by Krupp to take over its larger steel rival Thyssen, Der Spiegel magazine alleged
        AFP  -  326 words
      • 382 9 Investors put a bigger portion in low-risk money market fonds Bloomberg [WASHINGTON] The pace of equity mutual fund buying slowed this month amid mounting concerns about the health of the US stock market, fund companies said. Many of America's biggest fund
        Bloomberg  -  382 words
      • 168 9 AFXAsia Reuter [TOKYO] The Bank of TokyoMitsubishi's US unit has made derivatives trading losses of US$5O million (Ss72 million), Kyodo news quoted the bank as saying. The New York-based wholly owned subsidiary, TokyoMitsubishi Derivative Products (USA) Inc, has written down a total of US$B3 million
        AFX- Asia; Reuter  -  168 words
      • 370 9  -  From, Neil Behrmann in London THE Busang gold find fiasco may just have a silver lining gold prices could become firmer because fears of a huge oversupply of the metal may well be exaggerated. And for listed gold producers, the incident could
        370 words
      • 177 9 Bloomberg [WASHINGTON] US banks supervised by the Federal Reserve should have no problem adjusting their computer systems to reflect the year 2000 date change, said United States Federal Reserve chairman Alan Greenspan. "Based on our examinations and discussions with banks and accounting firms,
        Bloomberg  -  177 words
      • 228 9 AFP [CAIRO] Islamic banks are under attack in Egypt where they have been accused by the press of "hypocrisy" for taking advantage of people's religious conviction to amass their own wealth. "These banks are trying to convince the people that dealing with any
        AFP  -  228 words
      • 211 9 SOKEXReport Reuter (SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures ended an abbreviated session firmer on low turnover due to the Good Friday holiday. Dealers said the release of Japan's industrial production data, showing a 3.4 per cent decline in February, failed to move
        Reuter  -  211 words
      • 203 9  -  MSCI TAIWAN FUTURES By Ric Trotta By Ric Trotta, floor manager, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Index futures contract traded within a tight range yesterday, given the relatively high volume. This, coupled with the fact that yesterday's trading
        203 words
      • 211 9 ENERGY REPORT AFP [LAGOS] Shell Oil has shut down five pumping stations in Balyelsa state, bringing to 11 the number of such facilities it has halted in Nigeria after a weekend hostage-taking, a spokesman said yesterday. It shut down the Balyelsa facilities, and evacuated all
        AFP  -  211 words
      • 339 9 AFX-Asia Intel ♦2HI SHARE prices closed higher in active volatile trade, with the electronics sector outperforming all others, dealers said. The Weighted Price Index closed up 29.99 points at 8,119.70, off a low of 8,059.06 and a high of 8,151.30. Volume was 2.% billion shares worth NT5137.81 billion. Rises
        AFX-Asia  -  339 words
      • Article, Illustration
        815 9 AFX-Asia P SET latex -152 SHARE prices closed slightly lower in thin volumes with sentiment negative after the Bank of Thailand's data on Thursday gave no indication of any turnaround in the sluggish economy in the near term, dealers said. They added some late buying interest in blue chips
        AFX-Asia  -  815 words
      • 384 9 AFP fj Composite ladei *122 SHARE prices closed 0.2 per cent higher on the Korea Stock Exchange yesterday, with sentiment turning cautious following unconfirmed reports that Jinro Group had financial problems, dealers said. The Composite Index edged up 1.22 points to 652.87. Turnover remained heavy at 40.66 million shares
        AFP  -  384 words
    • 1471 10 S1CX)M FUTURES Mar 27 RUItCR (Mm dostog m «t MQpi) RSS1 CONTRACTS ctnts/k?) ClOM Vote* OpM Mortli Wgfe Low Sott (toiot) mtoro»t Apr 97 174.75 172.50 172.50 250 150 May *7 T7425 173.50 173.50 400 1125 JWI97 ***** 1150 Jul/Stp 97 175.75 T75.75 175.75 150 5760 Oct/Dtc 97
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    • 1981 10 LONDON Mntrtab ma met AB Port» 274.400 2.400 AMmv National 745 *19 Allied Domacq 460 2 Airwc 09.400 *13 Aid* Group K)9 -.400 MTM 517 -15 BGPtC 162 2 BICC 267 unch BOC Group 955 *5 BR Patrotaum 706.400 2.400 BTR 267 3 Bonk of Scotland 321.400
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    • 1531 10 Bloomberg Q Nikkei 225 -MM JAPANESE stocks fell, led by bank shares, on concern the government won't do enough to save Japan's most-troubled lenders. "We expect more banks to announce badloan problems and write-offs over the next two months," said Kazuaki Sano, the general manager of the securities investment
      Bloomberg  -  1,531 words
    • WARRANTS & OPTIONS
      • 3692 11 •ONUS, LOANS i WARRANTS Wt 1996/1997 Lilt Vs4 Oay Last Ouot« A*f Mtqh Lm Stno Company M* ♦or- COOO) High Low Buytr Sallar Prlca 68 47 m 3000 m~AM08cS.5******6 Z... 7" 54-5 ynctl 4 54.5 54.5 52 5« 62 39 3160 A Acar ******1 US$ 42.5 *0.5 4
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    • 2296 11 mtAVMAN STOCKS Of Of 1996/1997 LMt Vai Day Laat Quota Dh Dh KM M MCap u» XI* Campany Ml COOP) High law >gr 8d6ar Cw P/K In* "»i5 360 mtSOOO AIS8S0C 404 60 410 400 404 406 iO 4.9 0.4 sTi 414.4 '37 84 m« 5001 AMOS50c 109
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    • KUALA LUMPUR STOCK MARKET
      • 7474 12 INDUSTRIALS ConsiMMr products t997 Last Vol Day Net Cap High Lew Company s«t« OOO High Low P/E $mll 3 S2" i&E=z:=3i5 d 302 aVi M:5 ISS 750 840 40 249 845 790 336.0 428 189 Berjaya Ind 370 8 2078 370 356 ***** 765 372 Berjaya Leisure -7J5 138 715
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      • 250 12 Reuter CI Composite Index -5J7 MALAYSIAN shares closed weaker yesterday after a 140-point fall on Wall Street and fears of higher Malaysian interest rates in 1997, analysts said. The benchmark Composite Index of 100 large-capitalised stocks closed 5.67 points lower to 1,217.64. "The
        Reuter  -  250 words
      • 235 12 U» 0—II wo Coraunwr prd 21 8 I MK1 40 25 21 Cwntructtfi T S O 7r«Mnq/Svc M 34 14 Mridni 110 riMnc* 15 33 M MOW I 4 1 rt> 17 31 PlMMton n 17 4 MM* 0 6 1 TraM I i 0 LMH 21 42 32 Ms/Warrants
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  • Page 6 Advertisements
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    • 486 6 To advertise call toll-free 1800-741 1883 NEW SHAN MQTOK PTE LTD (In Members' Voluntary Winding Dp) Liquidator's Office: 152 Beach Road #10-05/07 Gateway East Tower Singapore *****1 NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of (heCompanies Act. Cap. 50. the Final Meeting of the
      486 words
    • 172 6 IN THE MATTER Of THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF MHS FOOD INDUSTRIES PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) Nottc* of Appointment and Situation of Office of Liquidators Nam* of Company: MHS FOOO INDUSTRIES PTE LTD Company No.: *****2765R I, Joaaph Wong Pltui Lun of SO Chin
      172 words

  • Page 7 Advertisements
    • 24 7 For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, Please call our Customer Services Section on 1800-749-2577.
      24 words
    • 742 7 VAN DER HORST LIMITED I (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Third Annual General Meeting of the Company will be held at 11 Pandan Crescent, Singapore *****7 on Monday, 14 April 1997 at 2.30 p.m. to transact the following
      742 words




  • Page 11 Advertisements
    • 186 11 #The markets were closed yesterday For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, Please call our Customer Services Section on 1800-749-2577. Land Transport Authority Infoline Results 1 INFillliflC COE Bidding Results Car Registration Number Availability. Wondering which share result An SPH AudioTex
      186 words

  • Page 12 Advertisements
    • 28 12 For real-time stock information, ®call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
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  • ISEAS Trends
    • 1475 13  -  Gennady chnfrin looks at how a former military superpower is coping with the task of ensuring its security Gennady Chufrin Professor Gennady Chufrin is Deputy Director of the Institute of Oriental Studies, at the Academy of Science, Moscow. IN the course of last year's presidential
      REUTER  -  1,475 words
    • 837 13  -  Steadily improving ties between Beijing and Moscow will inevitably have implications for the region By Mark J Valencia Dr Mark J Valencia is a Senior Fellow in the East-West Center, Honolulu, Hawaii. NEXT MONTH, the presidents of China and Russia will have their seventh
      REUTER  -  837 words
    • 1345 14  -  Ismail s Taiib examines some of the implications IT will have for university education Ismail S Talib Dr Ismail S Talib is a Senior Lecturer in the Department of English Language and Literature, National University of Singapore. THERE is a lot of
      ALBERT SIM ST  -  1,345 words
    • 1323 14  -  Reconciling economic growth with environmental objectives should be a major issue of concern in Asia By\ Mukul G Asher, Avijit Gupta Dr Mukul G Asher is Associate Professor of Economics and Public Policy, and DrAvijit Gupta is Associate Professor of Geography, at
      1,323 words
    • 827 14  -  BOOK REVIEW By> Joaquin L Gonzalez III Dr Joaquin L Gonzalez 111 is a Lecturer in the Department of Political Science, National University of Singapore. Jose Edgardo L. Campos and Hilton L. Root, The Key to the Asian Miracle: Malring Shared Growth Credible,
      827 words
    • 885 15  -  Exclusion from Asem will disadvantage Australian diplomacy in the Asia-Pacific, says Milton Osborne Milton Osborne Dr Milton Osborne is a freelance writer and consultant on Asian issues based in Sydney and a former senior Australia intelligence analyst. MALAYSIA'S decision to exclude Australia
      885 words
    • 1027 15  -  Hie debate over Asian immigration and Aboriginal land limits is creating a schism in Australian society By\ Robert N Schwart Robert N Schwartz is with the Department of Economics at the Australian National University. "Civilisation did not begin in Australia until the last quarter
      1,027 words
    • 1812 15  -  What has been the basis for the recent outbreaks of unrest in the archipelago? By Ruth MoVey Professor Ruth McVey is a Senior Professorial Fellow at the Institute of Southeast Asian Studies. THE outbreaks of public unrest that Indonesia has experienced in the past
      NIK KASMANI/ST; WONGK WAI CHOW/ST  -  1,812 words
    • 1465 16  -  With nationalism on the rise, the Japanese are quite content to feign collective amnesia for their wartime misdeeds. Jeff Kingston examines the issue Jeff Kingston Professor Jeff Kingston is DirectorT Institute for Pacific Rim Studies, Temple University Japan. NEXT month, the new school year
      REUTER  -  1,465 words
    • 1586 16  -  What factors will determine the grouping's continued economic dynamism? By' Teofilo C Daquila Dr Teofilo C Daquila is with the Master's Programme in Southeast Asian Studies at the National University of Singapore. ASEAN continues to be one of the rapidly growing regions in
      REUTER  -  1,586 words
  • Page 13 Advertisements
    • 67 13 Rea -ft]Pir% |f| "*rt~ ij§| £*f B|j 5 if for reliable and timely information about Myanmar. The current issue includes: MyanView Vol 3, Nos 1,2,3 4 (Jan Dec 1997) jJfW |m^i SslBo/US$l3O >W L Order by fax 775 6259, telephone 870 2483, V t or e-mail khairani@iseas.ac.sg Mf Published by
      67 words

  • Page 14 Advertisements
    • 247 14 Trends A monthly publication o( Uw IroUtute ol SoulhMO A»i»n Stud lea The Publication Editors-in-chief S. Rajaratnam Chia Siow Yue Editor Derek da Cunha Associate Editor P. lim Pui Huen Assistant Editor Ronald Kow Business Manager Leonard C. Sebastian International Advisory Committee Jose V. Abueva (Philippines) Chan HengChee (Singapore) Stephen
      247 words



  • EXECUTIVE Lifestyle
    • 2309 17  -  A growing number of professionals in Singapore are putting their careers on hold while they pursue more personal interests. Why are they doing this? datid bobt finds out COVER STORY DAVID BOEY IF TIME is money, then people who put life on hold
      GREG KRIJGSMAN  -  2,309 words
    • STRAWS In The Wind
      • 65 17 HOW OFTEN can you watch the President's Star Charity on TV? Twice, TCS seems to think. Immediately after the TV show ended last Saturday night, a trailer came on to invite viewers to tune in to the exciting charity show "tonight at 8.30pm". But it was
        65 words
      • 173 17 ENGLISH can be such a funny lan- guage, especially when translated in a non-English speaking country. Check out these examples: "Teeth extracted by the latest Methodists" an ad by a Hongkong dentist. "English well talking" and "Here speeching American" signs outside a Majorcan shop "Please do not
        173 words
    • PROFILE
      • 1327 18  -  At leading software firm J D Edwards, the customer doesn't come first Co-founder and chairman Ed McVaney discusses his company's unusual corporate culture with khmiihth jambs KENNETH JAMES C EDWARD McVaney heads a software firm, J D Edwards and Company, that's currently the 18th largest in
        ARTHUR LEE  -  1,327 words
    • COLLECTING
      • 1308 19  -  What's special about the porcelain being sold tomorrow at Christie's? BmrmnatOß explains BEN MUNROE INTERNATIONAL dealers with big bucks are coming to and collectors 'with itchy bidding fingers are waiting to snap up their favourite pieces as the major art auctions roll into town once more.
        1,308 words
      • 844 19  -  Enthusiasm has been mounting for several of the paintings on offer, reports wnmujuuni BEN MUNROE WHILE the hot news on the auction scene this weekend is Christie's late Qing imperial porcelain collection, both Sotheby's and Christie's are placing important South-east Asian paintings under the hammer. Enthusiasm
        844 words
    • 621 20  -  CINEMA You've heard that one before. But in Zens And Roxanne, the gurus are a dog and a dolphin. If that doesn't make yon tnrn tail, it shonld By* Jaime Ee ZEUS And Roxanne sounds like it could be a ridiculous buddy movie
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    • 662 20  -  CINEMA Popular 'Friends' star David Schwimmer makes a miserable big screen debut in The Pallbearer, which is paced like a funeral march By David Boey WE're not even midway through The Pallbearer when a phalliclooking microphone sticks itself into one of the black comedy's banal
      662 words
    • 530 21  -  NIGHTSPOT By- A Surendren JUST off the beaten track from Orchard Road lies Bojangies, a little pub with character in both small and capital Cs. First, the Characters. What draws many regulars here would have to be the most welcoming smile you've ever seen coming from
      ARTHUR LEE  -  530 words
    • Article, Illustration
      393 21  -  Compiled by M Yasotha EXHIBIWOMg Passion For Art Ho Kah Leong*s Location Paintings Ho Kah Leong's landscape oil paintings are not only infused with a genuine feeling for the people and places of Singapore, they are also the products of his "wanderings" and "musings" during his political career.
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    • EPICURE
      • 776 22  -  Chocoholics love Easter because it comes with their favourite food. But who first came up with the idea of making chocolate eggs and bunnies? jaxme eb goes searching for the answers JAIME EE HOW DID the Easter bunny come about? Why is it made
        PHOTOS BY CHRIS LOH  -  776 words
      • 440 22 ONE a penny, two a penny, hot cross buns. The little rhyme goes on about giving buns to your daughters, or to your sons, if you have no daughters. Personally though, if you have a really good hot cross bun, you should just
        440 words
    • Article, Illustration
      1089 23 a father's plane goes missing in the Alaskan wilderness, prompting his children to launch a search for him. Yishun: 5' 11.45; 2.05 am. Trashy Spanish film crammed with spectacle-fogging action and little else. R(A). GV Marina: 11; 1; 3; 7.30; 9.30. Lido: 10.45; 1.15; 3.45; 6.30; 9. Oriental: 11.30;
      1,089 words
    • TRAVEL
      • 1263 24  -  Parisians claim, with a confidence bordering on arrogance, that theirs is the finest of all cities. And they could well be right concedes mark graham MARK GRAHAM RAISE Paris and the locals will merely give a smug shrug of confirmation no-one lives there has ever
        PHOTOS BY MARK GRAHAM FOR BT  -  1,263 words
  • Page 17 Advertisements
    • 5 17 Collecting Weekend auctions EL 3
      5 words
    • 80 17 tspcure Easter eggs, chocolate bunnies and hot cross buns EL 6 #> Fresh prints of Bel Air. Masterpieces fit to grace the walls of Bel Air. Culinary inspirations fit to lay before the most discerning aficionados of California's lighter; healthier American cuisine. Yo, man. Seasons is art! SEASONS at the
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  • Page 20 Advertisements
    • 73 20 SINGAPORE BUSINESS Don't waste your precious time get the facts fast in the latest food guide to hit If 4 r r!i rTTT^B the region. Filled with JU^WiViUI ratings, maps and special recommendations, this book lists almost 300 of the finest restaurants and llQr# hawker stalls around! Also available in
      73 words
    • 32 20 SINGAPORE'S MOST INSPIRING HOMES 143 PAGES OF WONDERFUL ROOMS AND IDEAS A GREAT BOOK FOR YOURSELF. FAMILY OR FRIENDS GET IT AT TIMES THE BOOKSHOP IN CENTREPOINT. PLAZA SINGAPURA AND RAFFLES CITY
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  • Page 21 Advertisements
    • 429 21 Where to wine, dine and entertain Et tu Huberte? A conspiracy is afoot. The Ides of March resound with the sound of hiode on spinning grindstone. Because on 1 April the I luhertus Grill will he no more. So come, join the conspirators, connoisseurs and hon viveurs for the last
      429 words
    • 125 21 ROAST BEEF I PERFECTION Step 1 Carefully select the choicest acres andspiccs Step 2 Marinate into the finest prime 6cef S*t>3 Tenderly roast till ja/ifen 6roam Step 4 Serve witb a stife safaif Experience gastronomic perfection, for only S$ 28.00+++ per jerving at Restaurant Raphael. For table iwriwrtom, caU *****66
      125 words
    • 84 21 [biggest 1 Dian Xm Restaurant At The Neptune on Shenton Way Dian Xin/Lunch 11/n ,<i 11.30am-2.3opm\^J^ ncpiviN 1 7TH FLOOR. OVERSEAS UNION MOUSE. t COUYER OUAY. SINGAPORE *****1. rEL: 224 3922 Western and local delights for a ideal family get together Features weekly specialities 12 noon to 2.30pm every Sunday
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  • Page 23 Miscellaneous
    • 1883 23 TODAY'S TV HI —-m 330 Prince Valiant. A BWWMBMDHPTIHWIWI |u I 1 tS %SS£ y LOO PMESPN. 4-30 Columbus. Ollt foT* just about every role from 2.00 Amazing Games: Indone- 6.00 Jackie Her Bushbaby In B wut iui Beetlejuice to Batman. He sia. H|v Savannah. a revenge hasbeencastasvlllain "J S
      1,883 words