The Business Times, 29 March 1997
1997-03-29
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The Business Times
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Title Section14 1997-03-29 1 THE BUSINESS TIMES MITA (P) 0&V12/96 85$ SINGAPORE Internet http://www.asial.com.sg/biztimes WEEKEND EDITION, MARCH 29-30,199714 words
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Article42 1997-03-29 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 (M42 words
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Article62 1997-03-29 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 LONDON62 words
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Article, Illustration546 1997-03-29 1 Eddie Toh - 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 ofREUTER - 546 words
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215 1997-03-29 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 are215 words
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314 1997-03-29 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 this314 words
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308 1997-03-29 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 someBernama - 308 words
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Article, Illustration311 1997-03-29 1 Neil Behrmann - 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 30yearSource: Bloomberg - 311 words
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Article146 1997-03-29 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 mutual146 words
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Page 1 Advertisements
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Advertisement117 1997-03-29 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 making117 words
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Advertisement71 1997-03-29 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.71 words
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Advertisement14 1997-03-29 1 There Is no freeze, says Mahathir, Pg 3 US stocks buys slow, Pg 914 words
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FOCUS: PERSONAL FINANCE & INVESTMENT
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BULL'S Eye
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Article, Illustration589 1997-03-29 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
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Article, Illustration454 1997-03-29 2 Jacqueline Ong - 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 accomplishment454 words
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Article1090 1997-03-29 2 Rahita Elias - 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 make1,090 words
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Article, Illustration86 1997-03-29 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 theSource: Bridge Info - 86 words
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461 1997-03-29 2 ShivTaneja - 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 have461 words
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Article, Illustration921 1997-03-29 2 David Goh - 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 property921 words
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Page 2 Advertisements
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Advertisement50 1997-03-29 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.50 words
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REGION
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Article, Illustration426 1997-03-29 3 Eddie Toh - 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 influencing426 words
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297 1997-03-29 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 register297 words
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235 1997-03-29 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
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244 1997-03-29 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 asBernama - 244 words
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366 1997-03-29 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, theThe Straits Times - 366 words
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590 1997-03-29 4 Anthony Rowley - 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, long590 words
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397 1997-03-29 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
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127 1997-03-29 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 popularReuter - 127 words
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Article, Illustration57 1997-03-29 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 80AFP - 57 words
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355 1997-03-29 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 deregulatingReuter - 355 words
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Article133 1997-03-29 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 theReuter - 133 words
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270 1997-03-29 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 instancesReuter - 270 words
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Article1510 1997-03-29 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 08001,510 words
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415 1997-03-29 4 Loh Hui Yin - 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 earnings415 words
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Page 3 Advertisements
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Advertisement7 1997-03-29 3 I EAST DOWN PAYMENT QF OdLT $4^oo7 words
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THE WORLD
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WORLD Watch
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87 1997-03-29 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
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72 1997-03-29 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 unpaidAFP - 72 words
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85 1997-03-29 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 blackoutAFP - 85 words
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312 1997-03-29 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 anBloomberg - 312 words
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205 1997-03-29 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 strategyAFP - 205 words
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Article, Illustration57 1997-03-29 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 healthREUTER - 57 words
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430 1997-03-29 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. SubpoenasBloomberg; Source: Bloomberg - 430 words
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491 1997-03-29 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 domesticBloomberg - 491 words
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285 1997-03-29 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, WhiteBloomberg - 285 words
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Page 5 Advertisements
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Advertisement10 1997-03-29 5 Busang fiasco may boost S African gold shares, Pg 910 words
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Advertisement118 1997-03-29 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 I118 words
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Page 5 Miscellaneous
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Miscellaneous368 1997-03-29 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 Cloudy368 words
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COMPANIES & MARKETS
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626 1997-03-29 6 Jennifer Lien - 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 electronics626 words
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Article, Illustration482 1997-03-29 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, chiefBernama; FILE PHOTO - 482 words
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Article, Illustration543 1997-03-29 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 theBloomberg; Source: Bloomberg - 543 words
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382 1997-03-29 6 Al Labita - 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,382 words
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CORPORATE RESULTS
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Article61 1997-03-29 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.61 words
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Article66 1997-03-29 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 0.4566 words
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55 1997-03-29 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 up55 words
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79 1997-03-29 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 to79 words
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72 1997-03-29 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
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79 1997-03-29 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 andBloomberg - 79 words
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REGIONAL COMPANIES
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Article, Illustration553 1997-03-29 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, accordingBernama; Source: Bloomberg - 553 words
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Article, Illustration517 1997-03-29 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 toBernama - 517 words
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93 1997-03-29 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 onBloomberg - 93 words
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187 1997-03-29 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 businessAFP - 187 words
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307 1997-03-29 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 inBernama - 307 words
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Article, Illustration56 1997-03-29 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 AprilREUTER - 56 words
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Article148 1997-03-29 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 bahtReuter - 148 words
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295 1997-03-29 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 financingReuter - 295 words
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INTERNATIONAL COMPANIES
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247 1997-03-29 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 JMCFT - 247 words
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Article, Illustration456 1997-03-29 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 companyReuter; Source: Bloomberg - 456 words
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374 1997-03-29 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
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Article, Illustration347 1997-03-29 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 theBloomberg; FILE PHOTO - 347 words
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206 1997-03-29 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 92.6Bloomberg - 206 words
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SHIPS IN PORT
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Article623 1997-03-29 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 Bt623 words
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Article1586 1997-03-29 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 29/14001,586 words
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FINANCE,COMMODITIES & MARKETS
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386 1997-03-29 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 •aidBloomberg - 386 words
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326 1997-03-29 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 allegedAFP - 326 words
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382 1997-03-29 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 fundBloomberg - 382 words
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168 1997-03-29 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 millionAFX- Asia; Reuter - 168 words
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370 1997-03-29 9 Neil Behrmann - 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 could370 words
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177 1997-03-29 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
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228 1997-03-29 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 anyAFP - 228 words
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Article211 1997-03-29 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 moveReuter - 211 words
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203 1997-03-29 9 Ric Trotta - 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 trading203 words
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211 1997-03-29 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 allAFP - 211 words
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Article339 1997-03-29 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. RisesAFX-Asia - 339 words
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Article, Illustration815 1997-03-29 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 chipsAFX-Asia - 815 words
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Article384 1997-03-29 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 sharesAFP - 384 words
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Article1471 1997-03-29 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 971,471 words
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Article1981 1997-03-29 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 321.4001,981 words
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Article1531 1997-03-29 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 investmentBloomberg - 1,531 words
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WARRANTS & OPTIONS
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Article3692 1997-03-29 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 43,692 words
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Article2296 1997-03-29 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 1092,296 words
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KUALA LUMPUR STOCK MARKET
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Article7474 1997-03-29 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 7157,474 words
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Article, Illustration250 1997-03-29 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. "TheReuter - 250 words
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Article235 1997-03-29 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/Warrants235 words
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Page 6 Advertisements
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Advertisement72 1997-03-29 6 BUSINESS Notices Are You THROWING AWAY POTENTIAL PROFITS? Recommendations what to buy, Allocation Results using CDP Nos. Wondering a which share result? Call 740-2350(24-hrs) to check first. cai» cost only SOt per a minute) <QBi IMBuSKnn C«liicost3o4, C) otSOia mmtUt (subjectto3% GST). Inriaa ill It Additional 19* a minul* surcharge72 words
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Advertisement486 1997-03-29 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 the486 words
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Advertisement172 1997-03-29 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 Chin172 words
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Page 7 Advertisements
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Advertisement24 1997-03-29 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
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Advertisement742 1997-03-29 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 following742 words
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Page 9 Advertisements
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Advertisement8 1997-03-29 9 Home Decor -For people who love their homes8 words
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Advertisement7 1997-03-29 9 SINGAPORE BUSINESS Giving you the winning edge7 words
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Page 11 Advertisements
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Advertisement186 1997-03-29 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 AudioTex186 words
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Page 12 Advertisements
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Advertisement28 1997-03-29 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.28 words
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ISEAS Trends
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Article, Illustration1475 1997-03-29 13 Gennady Chufrin - 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 presidentialREUTER - 1,475 words
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Article, Illustration837 1997-03-29 13 Mark J Valencia - 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 seventhREUTER - 837 words
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Article, Illustration1345 1997-03-29 14 Ismail S Talib - 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 ofALBERT SIM ST - 1,345 words
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1323 1997-03-29 14 Mukul G Asher, Avijit Gupta - 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, at1,323 words
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827 1997-03-29 14 Joaquin L Gonzalez III - 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
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885 1997-03-29 15 Milton Osborne - 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 Australia885 words
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1027 1997-03-29 15 Robert N Schwart - 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 quarter1,027 words
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Article, Illustration1812 1997-03-29 15 Ruth MoVey - 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 pastNIK KASMANI/ST; WONGK WAI CHOW/ST - 1,812 words
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Article, Illustration1465 1997-03-29 16 Jeff Kingston - 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 yearREUTER - 1,465 words
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Article, Illustration1586 1997-03-29 16 Teofilo C Daquila - 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 inREUTER - 1,586 words
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Page 13 Advertisements
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Advertisement67 1997-03-29 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 by67 words
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Page 14 Advertisements
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Advertisement247 1997-03-29 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) Stephen247 words
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EXECUTIVE Lifestyle
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Article, Illustration2309 1997-03-29 17 DAVID BOEY - 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 holdGREG KRIJGSMAN - 2,309 words
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STRAWS In The Wind
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Article65 1997-03-29 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 was65 words
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Article173 1997-03-29 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 not173 words
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PROFILE
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Article, Illustration1327 1997-03-29 18 KENNETH JAMES - 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 inARTHUR LEE - 1,327 words
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COLLECTING
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Article, Illustration1308 1997-03-29 19 BEN MUNROE - 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
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Article, Illustration844 1997-03-29 19 BEN MUNROE - 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. Enthusiasm844 words
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621 1997-03-29 20 Jaime Ee - 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 movie621 words
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Article, Illustration662 1997-03-29 20 David Boey - 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 banal662 words
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Article, Illustration530 1997-03-29 21 A Surendren - 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 fromARTHUR LEE - 530 words
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Article, Illustration393 1997-03-29 21 M Yasotha - 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.393 words
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EPICURE
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Article, Illustration776 1997-03-29 22 JAIME EE - 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 madePHOTOS BY CHRIS LOH - 776 words
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Article, Illustration440 1997-03-29 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 just440 words
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Article, Illustration1089 1997-03-29 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
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TRAVEL
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Article, Illustration1263 1997-03-29 24 MARK GRAHAM - 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 everPHOTOS BY MARK GRAHAM FOR BT - 1,263 words
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Page 17 Advertisements
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Advertisement5 1997-03-29 17 Collecting Weekend auctions EL 35 words
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Advertisement80 1997-03-29 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 the80 words
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Page 20 Advertisements
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Advertisement73 1997-03-29 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 in73 words
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Advertisement32 1997-03-29 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 CITY32 words
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Page 21 Advertisements
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Advertisement429 1997-03-29 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 last429 words
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Advertisement125 1997-03-29 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 *****66125 words
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Advertisement84 1997-03-29 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 Sunday84 words
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Page 23 Miscellaneous
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Miscellaneous1883 1997-03-29 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 S1,883 words
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