The Business Times, 7 June 1997

Total Pages: 24
1 24 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 023/12/96 85* SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, JUNE 7-8,1997
    14 words
  • 471 1  -  Redevelopment not expected to trigger acnte shortage of hotel rooms despite someSTPB reservations Tan Su Yen [SINGAPORE] With several prime-district hotels ready to be torn down and turned into luxury condominiums, the potential supply of such apartments could go up by
    471 words
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  • 507 1  -  China Telecom boys 55% stake in Hongkong telephone operator for HKs9b Prom Quak Hiang Whai SHARE and warrant prices of Hongkong Telecom yesterday posted their biggest one-day gain in at least seven years following speculation which turned out to be right
    Source: Bloomberg  -  507 words
  • 194 1 Reuter [BRUSSELS] Belgian state telephone Firm Belgacom said yesterday that 6,290 staff had accepted an early retirement offer which was one of the pillars of the company's massive restructuring programme. Belgacom said in a statement this meant that about 98 per cent 0f6,500 workers,
    Reuter  -  194 words
  • 326 1  -  Scheme will also be extended from July 1 with addition of another gantry By\ Christopher Tan [SINGAPORE] Charges for using the Central Expressway (CTE) during peak hours will be adjusted next month as the current pricing has not cut down
    FILE PHOTO  -  326 words
  • 158 1 Bloomberg [WASHINGTON] The US unemployment rate continued to decline in May reaching the lowest level in a generation even as the economy added jobs at a slower-than-expected pace. The jobless rate unexpectedly dropped to 4.8 per cent last month the lowest since
    Bloomberg  -  158 words
  • 57 1 Reuter [NEW YORK] Blue chip stocks leaped more than 100 points yesterday as investor* shrugged off a government unemployment report that gave conflicting signals about the strength of the labour market last month. At Ipm EDT, the Dow Jones Industrial Average was up
    Reuter  -  57 words
  • Page 1 Advertisements
    • 84 1 ■Mimm Analysts have mixed opinions about the initial public share offer by phone cord maker Huan Hsin Holdings, P|3 Listed retailers are «pected to see improved earnings this year filtering nparftttnnol cutbacks, Pf7 n*Mko|M Spain's Sergi Bruguera wfll play against Brazil's Gostevo Kuerten in the men's singles flnah tomorrow, BL
      84 words
    • 54 1 EBP to start in March next year,Pg2 Silk twill scarf, pleated scarf, tie. beach towel, pareo, cashmere shawl, ashtray, "Clic Clac" enamel bracelet, gloves, embroidered ballerina shoe. "KeUy" watch, "24, Faubourg" jewel purse spray. JB f"" «P/ HEjßn Pair your name with HermEs' FOR CORPORATE GIFTS. HERMES PARIB Corporate Gifts
      54 words
    • 9 1 Oil pi lie dip in wholesale inventories, Pg 6
      9 words

  • SINGAPORE AT HOME & ABROAD
    • 379 2  -  Demand for drives likely to go up in September, says Asia-Pac MD By Annette Pau HARD-DRIVE maker Seagate Technology yesterday denied a BT report of a possible 30 per cent cut in production of its high end drives. However, it declined to
      379 words
    • 427 2  -  Installation of in-vehicle units begins in September Christopher Tan [SINGAPORE] The electronic road-pricing (ERP) system will be implemented in March next year. Communications Minister Mah Bow Tan said yesterday. It is the first time a date has been given for
      427 words
    • 392 2  -  By] Diana Oon THE Jurong Town Corporation yesterday launched stackup factories in Woodlands whose plot ratio improves on that for standard factories by more than two times. The $600-million, 174-unit pilot project offers tenants ground floor operating convenience regardless of which floor they are on. This
      392 words
    • 138 2 A NEW form of broadcasting technology said to offer listeners interference-free, CD-qual-ity reception will come under scrutiny from local broadcasters, the Singapore Broadcasting Authority (SBA) announced yesterday. Local broadcasters have been issued licences by the SBA to start trials on Eureka--147 Digital Audio Broadcasting technology, more
      138 words
    • 150 2 LONG-SERVING NTUC FairPrice CEO Lim Ho Seng has taken early retirement and made way for his deputy, Tan Kian Chew, to be appointed acting CEO from July 1. An NTUC Fair Price statement yesterday said Mr Lim, who has been with the cooperative
      150 words
  • Page 2 Advertisements
    • 109 2 rP? ONE TOUCH E5) 1 CfC WBSmSbit, One Touch PRO". The Tffir &«itkmm. imm > HI latest generation in A A GSM mobile phones. 0m 'Jhl Sophisticated, ultra-light and very easy l to features < and days IKk A standby time, llSfncAois &¥r "NENU IX Bp cnc three directories, access
      109 words
    • 418 2 Beartware for thenew miltennimn Summary of Prime Minister Goh Ghok Tong's speech on "Singapore 21: A Vision for a New Era" *..V »r,-.3»>gfcr■ ri H QUOTE —r gi 11 I ril»lWjMl lIIH peopkfaTatt levels educateimd train our anUn talent® of all, not Just the brightest DoosaotaNaai Moving away freai meritocrat
      418 words

  • FOCUS: PROPERTY
    • BULL'S EYE
      • 705 3 Those polled for their views on the Singapore stockmarket outlook next week were: Alliance Securities, Daiwa Securities, Deutsche-Morgan, GK Goh, ING Barings, Merrill Lynch, Phillip Securities, WI Carr. ST Electronic A Engineering ♦(Accumulate) —Merrill Lynch, June 3, $1.60 THE stock has underperformed the broad market since end-1993.
        Figures denote number of respondents  -  705 words
      • Article, Illustration
        357 3  -  Stewart Aldoroft director, Tmnpteton Franklin Investment Service* (Asia) CCWWT hen I use my ww notebook PC T travelling on a jumbo jet between Hongkong and Singapore, or read a magazine or watch a movie, I'm constantly reminded of the vast number of successful corporations there are around
        357 words
    • 1062 3 Hedge funds unwinding positions as slump in Japanese and US bond markets and sudden end to US dollar rally cause losses to rise Bloomberg [NEW YORK] ONE of the most popular trading strategies of the past 18 months borrowing in
      Bloomberg; FILE PHOTO  -  1,062 words
    • 796 3  -  The Net has evolved from being just a cool place to becoming a serious business tool By] Lim Say Beng The writer is vice-president, consumer services division, United Overseas Bank Group [SINGAPORE] As the number of world wide web sites grows at a
      796 words
    • 628 3  -  Analysts is 2 camps about firm's business, prospects and plans By i Clarissa Tan [SINGAPORE] Telephone cord maker Huan Hsin Holdings has received two rather different calls from research analysts on its initial public offer. One group of market watchers
      ERIC CHU  -  628 words

  • REGION
    • 654 4  -  ft JAKARTA Man behind Golkar win is special affairs Minister; Wiranto Cs Hartono's job Abri chief MyS S N Vasuki INFORMATION Minister (armoko, who last week led tfie ruling Golkar Party to a landslide victory in Indonesia's Parliamentary elections, as replaced in
      654 words
    • 367 4 BANGKOK Into hits 8-year law as finance firms, tanks, account for half of decline Bloomberg, AFP, Reuter THAI stocks took their biggest beating in more than three weeks, driving the index to an eight-year low, after the nation's only credit-rating company downgraded the
      Bloomberg,; AFP,; Reuter; Source: Bloomberg  -  367 words
    • 304 4 KUALA LUMPUR Bernama MALAYSIAN Prime Minister Mahathir Mohamad has ordered Umno to wage an all-out war against corruption in the party. The Sun newspaper yesterday quoted the Umno president as saying that failure to crack down on corruption would give the
      Bernama  -  304 words
    • 437 4 KUALA LUMPUR The Straits Times THERE was no immediate official response from the Malaysian government to Prime Minister Goh Chok Tong's speech in parliament on moving bilateral relations to a higher level of cooperation to overcome difficulties. A Foreign Ministry official told
      The Straits Times  -  437 words
    • 418 4  -  MANILA These include Nat Steel's steel plant, JTCs industrial park: TDB By. Al Labita THREE Singapore Arms will launch major projects in the Philippines this year, the Trade Development Board (TDB) officials said yesterday night. TDB chief executive officer Barry Desker identified
      418 words
    • 186 4 JAKARTA Reuter [JAKARTA] Indonesia hit out at US congressional critics yesterday, dropping its participation in an American military training programme and scrapping plans to buy nine US-made F-16 warplanes. Foreign Minister All Alatas told a news conference he hoped the move would ease friction
      Reuter  -  186 words
    • 1282 4 cur men eta fucmt no ammmm mm mn sow 1705 S0990 ows MM 0f81 1930 Of 82 2055 8 >wl 5,7034 1730 1 soa 2220 fj|l|y C2351 2045 gM w OOP rnm*m sow 200 sowo 1020 Aautordaic KL843 0455 GA890 0015 Hanoi VN741 1310 S0176 1105
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    • 337 4  -  KUALA LUMPUR By Meera Tharmaratnam 'Telecommunication policy In Malaysia seems set to go into fast-forward, with a new draft masterplan calling for a form of equal access to be introduced earlier on Jan 1, 1998 and more telecom licences to be granted.
      337 words
  • Page 4 Advertisements

  • THE REGION
    • 416 5 TOKYO Scheduled inspections not folly effective in uncovering wrongdoing minister Bloomberg JAPAN'S Finance Minister Hiroshi Mitsuzuka yesterday said he is considering ordering spot inspections of Japanese banks following a loan scandal at Dai-Ichi Kangyo Bank Ltd (DKB). Mr Mitsuzuka said regularly scheduled
      Bloomberg  -  416 words
    • 63 5 [BEIJING] Chinese panda expert Hou Chiming carrying baby panda Jiang Xin to a swing in her enclosure in the Beijing Zoo yesterday. The zoo has embarked on a successful breeding programme in a bid to boost animal numbers, for the notoriously slow breeders who are endangered
      REUTER  -  63 words
    • 301 5 TOKYO Reuter JAPAN and the United States are set to announce new security arrangements that would give Tokyo its highest military profile in Asia since World War Two, media reports said yesterday. Under the arrangements, Japan would for the first time conduct
      Reuter  -  301 words
    • 440 5  -  SINGAPORE 'Sales value-added' a better gauge than 'after-tax profit' By. Lu Ning DESPITE all the bad news about China's state-owned enterprises (SOE), their overaU performance may not be as terrible as the official statistics suggest, says a research report
      Source: Standard Chartered  -  440 words
    • 209 5 HONGKONG They must return to territory by 1999 to keep PR: draft bill AFP THE incoming China-backed administration in Hongkong is to demand that Hongkong migrants return to the territory before 1999 if they wish to retain their right to permanent residency. The deadline
      AFP  -  209 words
    • 100 5 HONGKONG AFP HONGKONG'S Securities and Futures Commission (SFC) yesterday called on China regulators to cooperate in monitoring the inflows of funds from mainland investors and businesses. "It is my belief that a substantial part of the investments in Hongkong have been from across
      AFP  -  100 words
  • Page 5 Advertisements
    • 1310 5 /JjTW HTP HOLDINGS LIMITED ffgjgg (Incorporated In Singapore) ANNOUNCEMENT The Directors are pleased to announce the following results: 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 MARCH 1997 1997 1996 STOOP STOOP Change Co Group Co Group Co Group Turnover s*oB 86,493 4,969 42,328 17 33 Included in turnover are:
      1,310 words

  • THE WORLD
    • 220 6 WASHINGTON Bloomberg INVENTORIES of goods at US wholesalers unexpectedly fell in April, the first drop in seven months, as businesses trimmed stocks to keep them in line with slowing demand, government figures showed. Wholesale inventories declined 0.7 per cent during the month to U*****.63
      Bloomberg  -  220 words
    • 35 6 [DUBAI] Dromedaries crossing a road yesterday by a sign warning car drivers to slow down. Dromedaries, also called "vessels of the desert", cause dozens offatal accidents each month. AFP
      AFP  -  35 words
    • 374 6 LONDON Newly independent central bank aims to meet govt's 2-5% inflation target Bloomberg THE newly independent Bank of England raised the UK's key benchmark interest rate by a quarter of a percentage point to 6.5 per cent in a move
      Bloomberg  -  374 words
    • 460 6 NUREMBERG, Germany May figures show year's target unattainable: official Reuter A RISE in German unemployment in May cast doubt over the government's optimistic economic forecasts that are crucial to its plan to qualify for European monetary union, analysts said yesterday. After releasing figures
      Reuter  -  460 words
    • 317 6 TORONTO Bloomberg BRE-X Minerals Ltd will face its 12th lawsuit next week when a Calgary, Alberta, lawyer files a claim on behalf of more than 100 shareholders who were left holding worthless stock after an auditor said the company's Indonesian gold-mining claims
      Bloomberg  -  317 words
    • 237 6 MONTREUX, Switzerland AFP BUNDESBANK President Hans Tietmeyer warned against any pressure for a weak euro, saying yesterday that such temptation would cause political splits within the European Union. Against a background of uncertainty surrounding the single-currency process and a dispute between the
      AFP  -  237 words
    • 173 6 TOKYO Reuter SENIOR European Union officials said yesterday they had decided with Asian counterparts to hold a second Asia European Meeting (Asem) summit in April in London next year. The first summit was held in Bangkok early last year. Officials told
      Reuter  -  173 words
    • 291 6 WASHINGTON Plan will cut deficit by 2002, stabilise Medicare system Washington Post CONGRESS gave final approval on Thursday to a five-year balanced budget and tax cut plan, even as the much-herald-ed compromise between Republican leaders and President Clinton began to fray at
      Washington Post  -  291 words
    • 537 6  -  WASHINGTON US risks isolation in E Asia if tensions with Beying worsen, they warn By\ Leon Hadar VOICING support for a US policy of engaging China and criticising members of the Chinabashing wing in their party, three leading Republicans called on Congress yesterday
      537 words
  • Page 6 Miscellaneous
    • 400 6 CRYPTIC CROSSWORD ACROSS 6 Early morning 6 across to--8 Circle an island sultanate (4) 9 Make actor leap about Shakesperian role (9) I I 11 Finished off the cake from aH the freezer? 12 Sticky sweet (3) 13 It sounds straight (5-4) It may be powder or cream 17 Exercise
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  • COMPANIES & MARKETS
    • 522 7  -  AFP backed by Sinar Mas with two Japan giants as partners By] Edmund Loh [SINGAPORE] Asia Food Properties (AFP), the takeover vehicle for Amcol Holdings, will have assets worth over US$6 billion (518.6 billion), with the Sinar Mas group behind it
      522 words
    • 245 7 AFP [HONGKONG] Hongkong's oldest trading house yesterday denied a report that it was planning a dramatic return to the territory's stock exchange after delisting in 1994 amid tension with China. "Our position has not changed with regard to the listings
      AFP  -  245 words
    • 866 7  -  HOCK LOCK SIEW Louis Beckerling THE rise and fall of the Cerebos Pacific share price captures, if you'll forgive the pun, the very essence of institutional investor strategies. And the signal currently being sent by the see-sawing price of the
      866 words
    • 247 7 New board headed by Ahmad Mattar seeks recommendations (SINGAPORE) CAM International's new board of directors yesterday appointed Price Waterhouse to investigate its financial affairs arising from Ernst Young's special audit alleging fraud sent to the Finance Minister. A CAM spokesperson said that E&Y and
      247 words
    • 422 7 The Straits Times (SINGAPORE) Businessman Peter Tay was paid a S3 million commission to broker Indonesian tycoon Henry Pribadi's acquisition of Amcol Holdings shares, Tay's lawyer claimed in court yesterday. The former Amcol managing director admitted he had issued a debit note to
      The Straits Times  -  422 words
    • 205 7 (SINGAPORE) The merger of United Overseas Bank's (UOB) two Malaysian subsidiaries, UOB (Malaysia) and Chung Khiaw Bank (Malaysia), takes effect from today, a statement from the bank group said yesterday. UOB chairman and chief executive Wee Cho Yaw said the
      205 words
    • REGIONAL COMPANIES
      • 174 8 [SINGAPORE] Mainboardlisted Pacific Century Regional Developments Ltd (PCRD) intends to raise $30.15 million through a share placement to finance the purchase and development of its Nation Wealth Plaza Project in Beijing, China. PCRD said it would place out 15.38 million new ordinary
        174 words
      • 379 8 Money to help fond projects for 1998/99 financial years AFXAsia Reuter [HONGKONG] Shangri-La Asia intends to raise HKI7OO million (Ssl29 million) this year to help finance projects the group has planned for the 1998 and 1999 financial years, group managing director Paul Bush said.
        AFX- Asia; Reuter  -  379 words
      • 472 8  -  This could be 2nd failure in 2 weeks following collapse of Thai Dana Bank and Finance One tie-up From Harish Mehta ANOTHER Thai governmentbacked merger of the country's finance companies appears headed for collapse with reports that units of Thai
        472 words
      • 314 8 [SINGAPORE] Mainboardlisted Tuan Sing Holdings has agreed to sell off one floor in a Hongkong building, and expects to make a Sslo million profit on the deal. In a statement yesterday, Tuan Sing said it will sell the whole of the
        314 words
      • 79 8 [TAIPEI] A worker of Taiwan's notebook computer maker Twinhead showing a 13.3-inch large screen notebook computer produced by her company during the Computex Taipei *****h0w on Thursday. The company said the screen of its notebook PC can further be enlarged to 14.2 inches. Taiwan
        REUTER  -  79 words
      • 196 8 [SINGAPORE] Mainboardlisted HTP Holdings yesterday announced a meagre one per cent rise in group net profit to $5.77 million for the year ended March 31. The marginal rise came on a 33 per cent jump in group turnover to $56.49 million. The gain
        196 words
      • 498 8 Investors wonder if new chief can fulfill the Tahaya dream Bloomberg [KUALA LUMPUR] Proton Bhd chairman Saleh Sulong's biggest challenge is to live up to his charismatic, well-con-nected predecessor's grand ambitions. Three months after taking the reins at Malaysia's biggest car maker, the 46-year-old
        Bloomberg  -  498 words
      • COMPANY Briefs
        • 46 8 [SINGAPORE] Bousteadco Singapore has appointed John Lim Kok Min a director with effect from yesterday. Mr Lim is group managing director of Pan-United Corp. He was the group managing director of the Bousteadco group of companies from June 1993 to April 1996.
          46 words
        • 56 8 [SINGAPORE] Wing Tai Holdings has bought one million shares in Winsor Properties Holdings for HK513.84 million (552.55 million). Winsor is an associated company listed in Hongkong. The shares make up 0.77 per cent of Winsor*s issued capital, and takes Wing Tai's stake in
          56 words
        • 87 8 Renter [KUALA LUMPUR] Malaysian Resources Corp Bhd (MRCB) yesterday said it holds 27.1 per cent equity interest in stockbroking and banking group Rashid Hussain Bhd as at Thursday. In a statement to announce the completion of its acquisition of 66.13 million Rashid shares and
          Renter  -  87 words
        • 77 8 AFX-Asia [KUALA LUMPUR] Kai Peng Bhd has proposed to buy a 40.59 per cent stake in Maju Steel Sdn Bhd for M 164.3 million (5536.5 million) from Maju Holdings Sdn Bhd, bringing Kai Peng's stake in Maju Steel to 100 per
          AFX-Asia  -  77 words
      • 166 8 [SINGAPORE] Sesdaq-listed electronics component maker Flextech Holdings has obtained the US Securities and Exchange Commission's approval to set up a Level I American Depositary Receipt (ADR) programme for the trading of its shares in that country. Flextech has appointed the Bank of New
        166 words
      • 215 8 [SINGAPORE] Publishing and media group Pan Pacific Public Company saw its group net loss grow from $834,000 to $1.34 million during the year ended March 31,1997. Pan Pacific yesterday said the 60.7 per cent increase in group net loss was posted amid a
        215 words
      • 327 8 Banks seen tuning from China's loosening of rnles Bloomberg [HONGKONG] Ka Wah Bank Ltd and other Chinese-backed Hongkong banks rose 25 per cent on optimism that loosening regulations in China will boost their businesses. The rise came in a market
        Bloomberg  -  327 words
    • INTERNATIONAL COMPANIES
      • 229 9 Bloomberg [SANTA CLARA, California] National Semiconductor Corp reported that its fiscal fourthquarter profit from operations more than doubled, exceeding most analysts' expectations, as the chipmaker increased new orders for its products. National reported profit from operations for the three months ended May 25 was
        Bloomberg  -  229 words
      • 430 9 CBOT, Chicago Board Options Exchange, American Stock Exchange named NYT [NEW YORK] Fifteen years after scorning the infant stockindex futures market and going to court to keep anyone from trading derivatives based on the Dow Jones Industrial Average, Dow Jones Co said on Thursday
        NYT; FILE PHOTO  -  430 words
      • 458 9 Internet firm won't be allowed to display their Web sites with its ads Reuter [NEW YORK] Several of the nation's biggest media companies on Thursday settled a federal copyright lawsuit against Total News Inc forbidding the tiny Internet company from displaying their
        Reuter  -  458 words
      • 156 9 Bloomberg [ST GENIS POUILLY, France] SGS-Thomson Microelectronics said it expects sales in its second quarter ending June 28 to be below analysts' expectations because of weak prices for its commodity products. Europe's second-largest semiconductor company said second-quarter sales would be above the U*****.9 million (511.3S
        Bloomberg  -  156 words
    • SHIPS IN PORT
      • 787 9 Vwtl Voy No Birth Arrtwl < I Oiparture J»m P«rt II IMM lM *****7 JOI <n> 07.04/0130 KM *****7 JO MM* 07.04/1800 Tniilai 2 J05 MM* 07 06/1500 MaM ***** J11 Mongsidt 07 06/2300 P "l OS/97 JO 3 «on«v<M 07 06/1900 Men P203BT J02 ftiMt 06.06/1500 fet
        787 words
      • 1679 9 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO BooMnt/Manc* Rstts Ship Voy No Ett/Btr Hrtod Frow T> Fro« «t«l 7050 09/1200 M 04/1500 04/1459 04/1900 24 04/1700 or/out 07/0900 07/0700 07/1159 07/M00 4 07/1200 07/1499 07/1700 tadmr MW 09/0700 M M/BM MOW M/MM 24 04/1700 07/0499 07/0900 07/0700
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    • FINANCE & COMMODITIES
      • 378 10  -  Securities One of Thailand selling 100% of brokerage firm; French bank raising Asian presence From. Loh Hui Yin FRANCE'S Banque Paribas is raising its presence in Asia, with the US$66 million (5594.4 million) purchase of brokerage firm Asia Equity which is based here.
        378 words
      • 502 10  -  Mineral, energy commodity export curbs force buyers to diversify sources From I Selva Kumar THE Australian government's recent vote to end its power to restrict exports of certain mineral and energy commodities has been welcomed by industry observers. But the Australian Bureau of Agricultural
        502 words
      • 441 10 USS/mark: The US$/mark saw some gains to 1.7342 on Wednesday before easing slightly to trade around 1.7295 yesterday morning. Strong resistance is seen at 1.74 and the greenback is expected to be capped at that level as daily stochastics are at overbought levels. Near-term
        Source: DBS Bank  -  441 words
      • 284 10 FT [NEW YORK] Nippon Life, the world's largest life insurer, and Putnam Investments, one of the largest US fund managers, have launched a strategic alliance to manage Japanese pension funds in one of the most significant moves yet by a foreign fund
        FT  -  284 words
      • 256 10 EMERGY REPORT Reuter I LONDON] Robust growth in developing countries and a brighter economic outlook in the former Soviet Union will push world oil demand to record levels in 1998 but surging output should insulate consumers from higher prices. World oil demand is forecast
        Reuter  -  256 words
      • 172 10 MSCI TAIWAN FUTURES [SINGAPORE) The Simex MSCI Taiwan Index futures ended significantly higher yesterday despite very light volume in the outright contracts. The June *97 contract finished 3.8 points stronger at 349.4 points. The cash market gained 111.6 points to close at 8.342.9 points.
        172 words
      • 224 10 Reuter [LONDON] Severe shortages of palladium have led to fears of defaults on supply contracts and traders yesterday warned their customers of possible supply disruptions. Palladium has surged to a 17-year high, largely because Russia had not exported any since December, leaving inventories critically low.
        Reuter  -  224 words
      • Article, Illustration
        1151 10 TBlllMMttOMaATM JunMt AS c$ -fc ICU H7 m vm Wm m$ WlNtfc Nw QM WT| OMN— WL imtrm 1447 6.170 0475 4.431 UK 5402 27£ 84» MW MM Ug"3"S j£ £g J2JH5 SJg JS f lrt f T 0.955 6.033 0445 4249 125? 548 ***** T7.43I 6440 Utt U2S UMZIM
        1,151 words
      • 278 10 Reuter THE US dollar gained ground against the mark, even climbing briefly over the 1.74 level early yesterday afternoon following strong US employment figures announced for May in Washington. The dollar was up at 1240 GMT to 1.7397 marks compared with 1.7380 just before the announcement, 1.7359 at
        Reuter  -  278 words
    • 1846 11 8ICOM FUTURES Jun 06 RUMEI (Mures dosinq m <t 5.30pm) ISS1 C0NT1ACT(S ctirtsAQ) Clow Votaaw OpM MowtH Hi«k Low Sttt (towns) Inttrtst M 97 164.25 164.00 164.25 250 1520 AM 97 ***** 1820 Sm 97 166.25 1820 Oct/Dtc 97 167.75 ***** 167.75 450 3150 JM/MV 96 169.75 75
      1,846 words
    • 2388 11 LONDON Mistrials Jmt Hue* *h 31 Group 507 »7 AS Ports 255.400 unch Abbey National 85a 17 Allied Domecq 429.400 2.400 A ITXC 140 unch Asda Group 124.200 1.200 BAT Ind 546.400 8.400 BG Ptc 215 -1 BICC 177.400 4.400 BOC Group 1031.400 5.400 BR Petroleum 752
      2,388 words
    • 1648 11 Reuter □Httfaiag -140 STOCKS ended steady yesterday, as investors were cautious ahead of US payroll data to be released later in the day and squared positions ahead of the weekend. Brokers said that although blue chips were lacklustre, there was interest in laggard issues. The 225-share Nikkei Average finished
      Reuter  -  1,648 words
    • Article, Illustration
      1554 12 Bloomberg Q Hang Seng -***** STOCKS fell yesterday, as a slide by property shares overpowered HK Telecom's biggest rally since October 1993. HK Telecom, the most active stock, rose 10.8 per cent, as investors bet its British parent was close to selling a stake to Chinese interests. That would
      Bloomberg  -  1,554 words
    • Article, Illustration
      664 12 Reuter QShenzhenßlndex -6*ol SHENZHEN shares ended with heavy losses yesterday, hit by Beijing's ban on the flow of state bank funds into the country's stock markets in the latest move to clamp down on speculative trading. The B Index plunged 6.01 points to 150.76 on turnover of HK$B7 million
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  664 words
    • 396 12 AFP QwPUn +LLL64 STOCKS finished 1.4 per cent higher yesterday as sentiment was boosted by commercial bank yiterest rate cuts and by positive inflation data. "Investors took a positive cue from interest rate reductions by financial institutions and an encouraging CPI (consumer price index) for the January-May period," said
      AFP  -  396 words
    • 259 12 Bloomberg QWeUmgton *1131 SHARES closed higher yesterday, as declining bond yields boosted the appeal of dividend yields available from equities. The benchmark NZSE Top 40share Index rose 13.36 points to 2,376.14. Bloomberg Jmt row) ANZ Banking 9.90 unch ***** Advontogos Hktqs 1.30 -0.02 *****0 Air Now Ztolond (A) 2.93
      Bloomberg  -  259 words
    • Article, Illustration
      773 12 AFP Composite Index +3J4 SHARE prices closed higher yesterday on a technical rebound in lacklustre trade. "It's been a week characterised by a catching of breath after the froth at the end of last week," a dealer said. The JSE Composite Index rose 3.04 points to 695.02. Turnover was
      AFP  -  773 words
    • 334 12 AFP n Manila -1&64 SHARES fell yesterday as investors stood on the sidelines, brokers said. The PSE Composite Index dropped 15.64 points to 2,762.80. Turnover was 5.81 billion shares valued at 1.877 billion pesos. PLDT closed five pesos lower at 790 while San Miguel A shares were unchanged at
      AFP  -  334 words
    • 598 12 AFP OlllOriiMriM -33 THE share market achieved record turnover but fell 0.1 per cent yesterday as institutions sold stocks to raise funds to buy into the Foster's Brewing Group stake being sold by resources giant BHP. The All Ordinaries Index closed 3.3 points lower at 2,600.9. National turnover totalled
      AFP  -  598 words
    • Article, Illustration
      838 12 AFP D SET Ma -17.43 SHARE prices plunged 3.2 per cent yesterday to an eightyear low on concerns over the level of non-performing loans in the financial sector. Analysts said that many foreigners were cashing in blue-chip banking shares to arbitrage on the 10 per cent difference in the
      AFP  -  838 words
    • KUALA LUMPUR STOCK MARKET
      • 544 13 AFX-Asia QOotnpoateJnfcx 447 SHARE prices closed higher yesterday as concerns over an anticipated April trade deficit eased, with the gap now rumoured to be much smaller than initially thought, dealers said. The KLSE Composite Index closed up 8.47 points at 1,117.31 on turnover
        AFX-Asia  -  544 words
      • 7920 13 ■WITMM.I CUMMf pra^Ktl INT Lm« Vol Oay Net Cap 18qk Low CUT w» ■OOP m> Lw E/K IS gg g-Z 38 -nek 5 320 318 2g %l SS WjKK.HN go h )0341 2U 277 «gw 765 372 Eft: Leisure 680 unch 36 MO 675 WL1 ***** 680 364 8«ciavi SirxMf
        7,920 words
    • WARRANTS & OPTIONS
      • 189 14  -  WARRANT WATCH -By Hi R Sivanithy TODAY'S feature is a warrant that's different from any that has featured in this column in the past Jardine Strategics put warrant on its shares. Unlike call warrants which give holders the right to
        189 words
      • 3515 14 BONDS, LOANS i WARRANTS m 1997 Last V«4 Day Last Ouata A vg High Law StM CM«wy W< *ar- POOOI High Law 8 w V f 1 68 44.5m 3000 mAMD6c5.5******6 50 J' 5 67 41.5 3160 "Ac»f W*****1USS 56 -1 12 60 55.5 55.5 56 131 74.5 3164 Acma
        3,515 words
    • 1956 14 Or 8r 1997 Last Vol Day Laat Quota Nr Dk YM HM MCap H6» L— Stm Cww Sf fOOO) H6» U» 8nyor CV M t— 478 296 mi 5000 AISB50C 312 5S 318 5-0 4.9 03 Mi 320.0 137 903 mi 5001 AMOBSOc 92.5 (inch 222 93 915
      1,956 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1078 15 Tvwova f«oi» wMgm mm cm* w a* T<W 3 i i i i :sss 't -l "s ET -as ass -as 49 »wt«ftoo m* =£1— Si HAM CIM WW. <■ -T; t J 1 M isr 111 1 t H? 1 s i s j J j m 20 a
        1,078 words
      • 3489 15 i 1997 Udt Vdl 0«» "J °S "S £2.5 MI L— StN. C «m—Y roow m» U» -wr «*»«r C» W 5144 ASE NT$10 200 US- I US 111 M5 MS 885 1275 ASTUSkKX>— us 22? win km tat ni 196 ION 4 9 0.9 142 mi »3
        3,489 words
      • 993 15 ft Or H Wl 1997 Last vet D*l LMt Oadtd Mr 01* VM MM Cd* A** hhh u» «m*» c—p—r roooi t— *»>« c w Wtt SESMQ tM 99.5 d 2000 AMHMadSc 106 td «J 106 107 10 63 0.1 1513 471 107 280 144 2049 AS AulotOc 252
        993 words
      • Article, Illustration
        66 16  -  -*n Shiv Taneja DBS LAND, which closed six cents lower at $4.68 yesterday on a volume of 6.16 million shorts, will expert- ence seme more downward movement in the day? ahead. But investors with a long-term horizon should use this weakness to buy. The buy signal k >
        66 words
      • 204 16 •A i- I MVCXS TMHN MUjndUSIOc 27,375,000 •Westmoot Land 9.049,000 1 JSHUS5C500 7,332,000 J MS Land 6,158,000 JMH US25c 400 5,828,000 FHTKHIdgs20c 5,091,000 JSHW98 4,548,000 SinqTei 15c 4,*****0 JSHWW7P 4,147,000 SIA Foreign 3.173.000 Unto HK Land USIOc 79,804,110 JMH US25c 400 46,176,880 SIA Foreign 40,083,672 City Dev 50c 30.684,909 OK
        204 words
      • 684 16  -  STOCK MARKET COMMENTARY Economic worries, Wall Street uncertainty and loa of market momentum cited as reasons for the local bourse's weakness By R Sivanithy [SINGAPORE] Uneasiness over the economic outlook, uncertainty over a volatile WaU Street and loss of momentum were the
        684 words
      • ON THE GRAPEVINE
        • 225 16 EVERY now and then, among the mostly predictable press announcements which pass over a journalist's desk, comes a truly outstanding effort Like the one which our Hongkong correspondent got yesterday from Dragonair. Seems the regional airline was engaged in a special collaboration with the Agriculture and Fisheries Department.
          225 words
        • 159 16 FINDING off beat investment themes comes naturally to Ralph Wanger, head of the US$2.B billion (SS4 billion) Acorn Funds. Big on doing "fun things", Mr Wanger's current ffevourite investment theme targets the "goofing off" business. Accordingly, he has invested big in American cruise operator Carnival Corp. Americans, he says,
          159 words
        • 109 16 w UOB Asset Management's United Greater y China Fund has managed to attract some $75 million since its launch five weeks ago. Clearly this has been the result of the UOB group's strong marketing muscle, allied with the fact that Chinese stocks were among the best
          109 words
        • 71 16 AND talking erf the erstwhile high-flying Chinese stocks, have you heard that stock brokers in China now call the Chinese market the pig's market? This was after the market dived following an announcement from no-nonsense economic czar and vice-premier Zhu Rongji that Si banks may not play
          71 words
        • 52 16 Oh why can't Thai? THE Thai stock market, picked as an Ideal Jjs: recovery play by a couple of fund managers earlier this year, fell another 17 43 points to close at 530.62 yesterday. That's a 34 per cent decline since the year began and takes the Index to an
          52 words
  • Page 7 Advertisements
    • 32 7 Available at Newsstands NTUC Supermarkets Caltex Published by Times Periodicals, member of STOP PRESS kiosks 7 Eleven Mobil Times the Bookshop Cold Storage SPC Prpcf rG Kinokuniya Shell BP mph esso Holdings
      32 words





  • Page 12 Advertisements
    • 223 12 f/s Adm i>n. >hh t>nh limit m. (dhiin/i. hlmsji/mi ns ti ikI,'it/im/n D. r, t fill it <1 /II 'ijil'i > trj <* Xndulee ,t'(l\S I lit 11 ,1 '/II ill /l I I lit t Oil III II S\l II I. I I'll t t ill I St S
      223 words
    • 44 12 11 4.5 MERIDIEN HOTELS IN ASIA-PACIFIC BALI (JUNE "97) BANGKOK ISLE OF PINES -98 JAKARTA KOH SAMUI MEDAN -99 MELBOURNE NEW DELHI NOUMEA TAHITI '98 PHUKET PORT VILA BORA BORA '98 SAIPAN '99 SINGAPORE SINGAPORE .t. CHANGI THE GOLDEN TRIANGLE TOKYO TOKYO II 98
      44 words


  • Page 14 Advertisements
    • 28 14 For real-time stock information, Scall 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

  • Page 15 Advertisements
    • 102 15 sons sccondl sott first cover COVR QpHmufn energy mßm Odohedron confcguralion tnfliWmrthrti rrww Jjo^^ ranvormoTiurt cower i!?xk kMp The ultimate Distance Ball. rapulsion core The gradual change in softness from the centre to the outside allows the ball to maintain and convert restoration energy (from ball compression) PRECEPT int ,hC
      102 words
    • 26 15 For Horn or Office deliveries of: Strata Times, Sunday Times, Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, LianHe Wanßeo call our Hotfine 1800-749-2577.
      26 words

  • Page 16 Advertisements
    • 518 16 BUSINESS Notices HOTEL MALAYSIA LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at Tudor Ballroom, Goodwood Park Hotel, 22 Scotts Road, Singapore *****1 on 23 June 1997 at 12:00 noon for the purpose of considering and,
      518 words
    • 199 16 THE COMPANIES ACT. CAP. SO SINWAN SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 308 of The Companies Act. Cap. SO that the Final Meeting of Members of the abovenamed Company will be held at 711 Gey lan g Road #03-04 Oriental Venture Building,
      199 words
    • 600 16 To advertise call toll-free 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NISSI HOLDINGS PTE LTD On Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company heid on 31st May
      600 words
    • 252 16 A 24-hr service which provides you m M Iflpj y real-time stock information and a portfolio manager to help keep track of your stock! II Quickstock I B5 3 POITPOLIO MINIBKI jjJ Qf Takes the trouble to monitor your stock performance. rar Computes the latest net profit/loss of each stock
      252 words

  • EXECUTIVE Lifestyle
    • 1079 17  -  Today's generation of students have a mind-boggling number of camps, courses, seminars and talk shops to attend during their mid-year break. David mot reports DAVID BOEY The school holidays are here. Twenty, or even 10 years ago, this meant a complete
      PHOTOS BY SIEW YAW HOONG  -  1,079 words
    • STRAWS In The Wind
      • 68 17 IN CARTOONS, "zzzz" is used when someone is sleeping, but Microsoft seems to think this sound indicates a little more activity. If you use Microsoft Word, carry out this little experiment. Type "zzzz" and do a spell check. The system detects it as a spelling error and suggests
        68 words
      • 30 17 STUDIO City cinemas ran flyers adver- tising Star Wars, but spelt Darth Vader "Darth Vador". Is that a side effect of digitally enhancing an old movie?
        30 words
      • 79 17 SOCCER fans who watched Monday night's TV coverage of Italian soccer got two matches for the price of one. The screen showed Juventus v Lack), but the commentary was far the match between Bologna and Inter (Internazionale Milan). TV 12 only realised this in the closing minutes of the
        79 words
      • 46 17 ARE raisins cannibalistic? Tea. according to asupannarte*advertisement extolling the virtues off grapes. The copy goes: "Grapes have a place in history frnf. Cleopatra feeding Antony to the fi!ifer"<«" raisins." If raisins were that volatile then, we wander what prunes did to Caesar.
        46 words
    • PERSPECTIVE
      • 734 18  -  Reluctant to share a cab? Ease up, says jaimbeb, and show a little more trust in your fellow commuters JAIME EE HIS EYES locked with mine. It was a gaze of quiet desperation, yet behind it lay a tiny glimmer of hope. I tried to avert
        734 words
      • 612 18  -  It's an effective and inexpensive way to share Singapore with the people yon meet abroad Peter Ong WHENEVER I travel overseas, I always carry a stack of $2 notes with me. It's not for emergency use, but rather to give away. I developed
        612 words
      • 760 18  -  BOOK REVIEW Hungry Ghosts, China's Secret Famine By Jasper Becker Publisher: John Murray 316 pages, 52&24 By Kevin Sullivan ESTIMATES of the number of deaths from famine in China between 1958 and 1961 vary from 15 million to 60 million. A round figure of 40 million has
        AFP FILE PHOTO  -  760 words
    • ART
      • 1042 19  -  Donald Siegel has long had an avid interest in Javanese wooden puppets. Now, he gets to show them off in his own art gallery in Chinatown. He talks to bbm hombob about this turning point in his career BEN MUNROE SEATED behind the large
        CHRIS LOH  -  1,042 words
      • 799 19  -  EXHIBITION Byi Ben Munroe This week, for the first time, Singaporeans have the chance to view Armenian art and re-assess Armenian contributions to the history of Singapore, such as the building of Raffles Hotel and St Gregory's Church, the oldest in Singapore. Across five cities,
        799 words
    • 748 20  -  NIGHTSPOT Ben Munroe ADDING to the expanding waterside entertainment scene is the new wine bar Provignage at Riverside View, the apartment complex round the corner from Mohamed Sultan road, or a perilous dash across the expressway from Clarke Quay. "Not another wine bar!" comes the
      SIEW YAW HOONG  -  748 words
    • 704 20 FRENCH OPEN Last seed will play 66-ranked Gustavo Kuerten in Sunday's final AFP [PARIS] Sergi Bruguera moved one match away from a third French Open singles crown here yesterday when he saw off a magnificent challenge from Australia's Patrick Rafter to score a 6-7
      AFP  -  704 words
    • 627 20  -  CINEMA All the ingredients that flavoured Steven Spielberg's first dino-featnre are back, and in much greater abundance, in The Lost World Ry\ Susan Tsang THE LOST WORLD is more than just a movie it is an instrument by which to gauge your age. Younger viewers,
      627 words
    • 685 21  -  CINEMA Eric Khoo reaches new heights with 12 Storeys, an engaging film about the fortunes and foibles of HDB heartlanders By\ Susan Tsang ERIC KHOO's second feature, 12 Storeys, is as lighthearted as his first effort, Mee Pok Man, was dark. It is also a
      685 words
    • Article, Illustration
      385 21  -  Compiled by M Yasotha SBMMARg Sustaining Outstanding Performance Through Advanced Finance A Taxation This two-day seminar explores the im pact of fundamental changes on finance and taxation within the framework of emerging issues around {he world. The speaker is B Ghosh, who Is associate professor with the Nanyang
      385 words
    • EPICURE
      • 745 22  -  Bak chang, or rice dumplings, have been taking on odd shapes and unusual fillings of late. But are they good to eat? Jam m finds out JAIME EE TO A plebeian, the rice dumplings that come out at this time of the year, either
        745 words
      • 546 22  -  GenglisKkan caters U the very hungry. Entogfr said By, Jaime Ee WANT to make quick money in the restaurant business? Do something that might send faint-hearted restaurateurs to the poorhouse charge a fixed rate and let people eat all the oysters, sashimi, sushi and
        546 words
      • 483 22  -  RESTAURANTS Stall we toe? With pleasure, if it's atKarijra By, Jaime Ee JAPANESE movies have this way of making one hanker for sushi and ramen, so it was no surprise when, after a Sunday morning screening of Shall We Dance? at the Lido cineplex, the
        CHRIS LOH  -  483 words
    • Article, Illustration
      1148 23 Absohxta Poorer. Clint Eastwood is a master-thief who witnesses a bizarre murder and becomes a scapegoat when the killer goes on the warpath. Bishan: 2; 7. Boon Lay: 10.50; 6.40 Century: 11; 4;9.15. GVMarina? 1; 9.30; 11.55. Jubilee: 10.50; 1.05; 7.15. Tampines: 4.15; 6.45. Tiong Bahru: 1.50; 9.20. Yishun:
      1,148 words
    • TRAVEL
      • 1401 24  -  Singaporeans in search of good shopping and safe streets need look no further. And the attractions don't just end there, says ookdoibkbkk CORINNE KERK ONE of the passengers was feeling quite ill. For the past 15 minutes, she had been silent, her face an unsettling shade of grey.
        PHOTOS BY CORINNE KERK  -  1,401 words
      • 383 24 After 15 hours and three minutes, our aircraft finally landed in Dubai from Seattle on May 16. Within minutes, a cake was wheeled into the First Class cabin, in which seats had yet to be installed. Photographers, cameramen, local journalists and VIPS began to fill the
        383 words
  • Page 17 Advertisements
    • 7 17 Art Donald Siegel's Turning Point EL 3
      7 words
    • 119 17 Epicure The best of the bak chang el e It's time to reap the home-grown harvest. 1997 Enterprise 50 nominations are now open Companies can nominate themselves by completing the official nomination form. Companies must be home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 Revised Edition) with four years
      119 words

  • Page 18 Advertisements
    • 175 18 I I To: Multimedia Division Cheque Please attach a crossed cheque made payable to Singapore Preaa J Singapore Press Holdings Ltd Holdings Ltd. and mail it to the address on the left. 82 Genting Lane, Singapore *****7 S Tel. 740-1481 Fax:74o-2216 Name: I I I J I wish to subscribe
      175 words


  • Page 20 Advertisements
    • 45 20 ff< I^9 IimBRJKB^^^ 1 I j I jr jj fill^ SINGAPORE'S MOST INSPIRING HOMES 143 PAGES OF WONDERFUL ROOMS AND IDEAS B"» 4 •4 A GREAT BOOK FOR YOURSELF, FAMILY OR FRIENDS GET IT AT TIMES THE BOOKSHOP IN CENTRFPOINT. PLAZA SINGAPURA AND RAFFLES CITY
      45 words
    • 258 20 Where to wine, dint I Wli.it better way to celebrate a £real wveL than Sunday Branch «t Tkr I Ca(e-in- rlw-l'ark? Lnjoy the (meet hninch u«*;*rtk*.toniys2B- adult (only $14* for the tid») Then toast your good fortune wiit j > 1 Gold St'tt Champagne, each tflass m-ith ml flaLei of
      258 words

  • Page 21 Advertisements
    • 10 21 I f i h I ES )EAS l v TY
      10 words
    • 265 21 Where to wine, dine and entertain... T KwSoT interest free credit. 4^5 Wlut tetter way to cek'lirate a wee than Sunday Brunei* at Tlae Cafe-iii-1 lie-Park? Lnjoy tKe finest brunch aniliervice at only $2S per ailult (onlv 514* for the kids). Then toast your good fortune with Gold Sett Champagne,
      265 words
    • 119 21 Mi APOtLOHOre. Pmvcm you* OAO to a delicious sthead kt luna comc house oa KINTAMANI INDONESIAN RESTAURANT. uurm lunch and dinner ri\lTO*S PAY HICH TEA PRICES RANGE fr*a AVAILABLE ONLY AT mar~ (a**) si4.ar~ (CUM) luna coffee house AMI: SlS.ar~ CWM SIO tT" Father's Day diner ab* available aa I4tk
      119 words
    • 86 21 We've Stretched Our .Serving Hours for "TUN C H Cafe Plaza "Tunch" is the best for lunch and tea rolled Into one. Which means longer serving hours and even more scrumptious spreads. Saturday. Sunday Pubttc Holiday Tunch" 12 noon -5 pm 515.80 (Adult) Sll.BO (Child) "Tunch" Karaoke 3 pm 8
      86 words
    • 202 21 Celebrate Father's Day by eating out together with your nearest dearest. Nibbles Cafe presents a buffet with a wide variety of local and international dishes, prepared specially for Dad's feasting. ONL/i ON f A aHE'R LUNCH DINNER ADULT $18+++ $19+++ CHILD (BELOW 10) $12+++ $13+++ RESERVATIONS, KINDLY CALL 737 1666
      202 words
    • 82 21 24-hour Coffee House Ist floor The Chicken Rice Capital Of The World ,Uwim«|^'iyyuT 333 Orchard Road. Singapore 2388<>7. Tel: 737 44 I 1 h?|aHi|e raRnHSH just as delicious While we upgrade, our Buffet Dinner will be served in our temporary Coffee House, 1 Basement, Hotel Phoenix 6pm 10.30pm daily Adult
      82 words

  • Page 22 Advertisements
    • 87 22 I V I mm ""T r In business good connections can make a world of difference Reach customers and business partners around the world with Singapore Connect, Singapore's most comprehensive business directory on the Internet WITH SINGAPORE CONNECT: Add information to the basic data in your company's listing Join our
      87 words

  • Page 23 Miscellaneous
    • 2198 23 TODAY'S TV rr am torn 12 I W I 4.00 TV Innovations. RBGOMMBMDED YIEWIXG ,Tn r" too Sw Sundavs Schedules. 9.00 AM Basketball: NBA FlToying with wannabe mobsters decide HanCTpr their own mafia. Christian 100 pm Tennis: atp Tour;. T^^unde^' 6^11 Slater PatrickDempsey rßi .i. SSS??3K«. Ch 5 Mandylorarethehunky 330
      2,198 words