The Business Times, 10 April 1999

Microfilm: NL21482
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    16 1 THE BUSINESS TIMES MITA (P) 046/12/98 85* SINGAPORE /nter?lPrtrtTp!77business-t imes.asia 1 .com .sg/ SATURDAY, APRIL 10,1999
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  • Article
    MARKET SUMMARY
    50 1 □HL IMUS (+23.65) JIBT-SW U«l»(+14.02) VVszmsnrnntßs UM170(+7.90r CTOCKMiHETmPiCBS FVMay Change KLBECOMP K&lt +1112 NIKKEI *****.63 +*M HANG SENO iU141#_>t«JI SET INDEX 171* *iM JAKARTA COUP -.***** >1121 MANILA COUP TAipnwpi imn -ui SEOUL COMP ***** *23 CLSA CHINA B ***** ♦lMt AU8TALLORD—3yMM lpn EST Char DOW 10,***** -44JC
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  • Article
    FINANCE
    72 1 FOBEXBATES US$ 81 UB$ L7M £(UBS/Sf par£) LM7 17M HJRO(US8/SS per E) 1.97* 1.871 DM tut MM YEN «*_L4»* RM IB* MM BO —.nm MM BAHT SMI MM HJP1AH MB—MM* *8$ mm mm FUME KATES SINGAPORE* UK KUALA LUMPUR 1LM Jakarta tm BANGKOK 1421 MANILA AM HONGKONG 1*2* turn
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  • Article, Illustration
    Lock icon Rally riders double their money from STI stocks
    1078 1  -  Since Sept 4, over half of 62 component stocks have more than doubled in price By Ven Sreenivasan [SINGAPORE] If you had bought a component stock of the Straits Times Index (STI) in early September, when the Singapore stock market was at
    Source: Bloomberg  -  1,078 words
  • Article
    Lock icon S'pore, HK market rally sustainable: major global funds
    435 1 Reuters [LONDON] Major international fluids are raising their weightings for Hongkong and Singapore equities, betting that the recent rally can be sustained as economic prospects improve, London-based fund managers said yesterday. Stock prices in Hongkong and Singapore have soared in recent weeks
    Reuters  -  435 words
  • Article
    Sweeping Tokyo accounting reforms to fight abuses
    812 1  -  From< Anthony Rowley in Tokyo JAPAN'S Ministry of Finance (MOF) yesterday announced far-reaching reforms designed to raise Japanese corporate accounting standards and practices to world-class levels over the next two years. The reforms are likely to have a profound impact on the structure
    812 words
  • Article
    Economy may beat 1999 growth forecast: Dr Tan
    441 1  -  Tentative signs of recovery in 41, says DPH By. Audrey Tan [SINGAPORE] The Singapore economy saw tentative signs of a recovery in the first quarter, and full-year growth could well exceed the government's minus one to plus one per cent forecast, Deputy
    441 words
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      Page 1 Advertisements Column 1
      142 1 mama ssaafir**' Debt-laden Pacific Can has lost its latest lifeline after a conditional loan facility from First Commercial Bank was withdrawn and cancelled on Tuesday, ffcU OQE prwrim up COE premiums crept upwards in the maiden tender of the revamped vehicle quota system on stronger orders, but more significantly, on
      142 words
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      75 1 NOL names new CEO^^ 6 Flemmtng Jacobs wL brings to NOL his fn wealth of shipping tt" experience, having spent his entire career with AP yV Hlfl MoHer/Maersk.Q statement from <. Neptune Orient h Lines announcing the appointment of Mr Jacobs as its new group president and chief executive. Fun
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      Page 1 Advertisements Column 3
      10 1 Embassy wants to play matchmaker to US, S'pore SMEs, Pjg2
      10 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Embassy wants to play matchmaker to US, S'pore SMEs
      294 2  -  It's part of a move to promote greater US presence in region, says US ambassador By, Audrey Tan THE US embassy will help nurture links between Singapore and American small and medium-sized enterprises (SMEs) as part of a move to promote
      294 words
    • Article
      Most US firms here plan to expand
      296 2 MORE than half of American companies in this region expect to expand their operations in anticipation of an economic turnaround within the next three years, a survey released yesterday by the Asia-Pacific Council of American Chambers of Commerce (APCAC) showed. The survey of
      296 words
    • Article
      Lock icon BG Lee tops NTUC May Day awards list
      440 2 He's hononred for helping to workers' lives better The Straits Times DEPUTY Prime Minister Lee Hsien Loong tops the list of 30 May Day award winners honoured by the NTUC this year for helping to make life better for workers. He will
      The Straits Times  -  440 words
    • Article
      A M'sia-S'pore reconciliation panel?
      289 2  -  Academic moots idea of conncil to boost economic ties By, Jennifer Lien A LOCAL academic has floated the idea of a "Malay-sia-Singapore Reconciliation Council" made up of eminent Malaysians and Singaporeans. Tan Khee Giap, associate professor of banking and finance at the Nanyang Technological University, said
      289 words
    • Article
      TAS cuts fees for broadcast licensees
      203 2  -  By' Teh Hooi Ling THE Telecommunication Authority of Singapore (TAS) will, with immediate effect, reduce the licence fees for licensees of satellite uplink/downlink and terrestrial telecommunications system who carry only broadcasting services. Such licensees need only pay an initial one-time licence fee of $10,000
      203 words
    • Article
      BG Lee to address European investors during trip
      219 2 DEPUTY Prime Minister Lee Hsien Loong will address European investors at a Merrill Lynch conference on investment in the Asia-Pacific region and officiate at the opening of the Monetary Authority of Singapore (MAS) representative office in London during a two-week trip to
      219 words
    • Article, Illustration
      Lock icon Question is not if there's recovery but how strong it is
      822 2  -  EYE ON THE ECONOMY By. Anna Teo ASIA has turned the corner, proclaims SG Securities in its latest quarterly economic review. In a rather upbeat assessment of the regional outlook, the firm argues that the turnaround is being underestimated,
      Source: SG Securities  -  822 words
    • Article, Illustration
      Lock icon Tangs opens first BCBG store here
      244 2 AT a time when retailers are going downmarket to ride out the downturn, CK Tang is expanding one of its upmarket lines. Yesterday, its branded fashion arm, Gamut Trading, officially opened the first BCBG Max Azria stand-alone store here at Wisma Atria. CK Tang
      SIEW YAW HOONG  -  244 words
    • Article
      COE premiums up in 1st tender under revised system
      514 3  -  Prices rise by up to $6,000; volume of bids in exercise among highest ever By Christopher Tan COE premiums crept upwards in the maiden tender of the revamped vehicle quota system on stronger orders, but more significantly, on more aggressive bidding.
      514 words
    • Article, Illustration
      Lock icon Change old ways of thinking, working: SM
      448 3  -  By Carol Eng OLD ways of thinking and working must be changed and new ways found to keep Singapore ahead as it moves into the knowledge-based economy, Senior Minister Lee Kuan Yew said yesterday. Speaking at the launch of this year's productivity campaign,
      ARTHUR LEE  -  448 words
    • Article
      CGU going for both commercial, personal insurance
      295 3  -  By I Soh Tiang Keng BRITAIN'S CGU Insurance, which was created from the merger of Commercial Union (CU) and General Accident (GA) and began operations here yesterday, will target both commercial and personal insurance in Singapore. CGU officials said that personal insurance such
      295 words
    • Article
      Exchange controls a boon to M'sian economy, businesses
      579 3  -  MAZLBAG F S Chee via Internet Malaysia I REFER to the Crisis Watch column "KL curbs not vindicated yet" by Vikram Khanna (BT, April 5). Allow me to share my "layman" experience of the effects of Malaysia's currency controls. I work for
      579 words
    • Article
      COE charge is tax by definition
      388 3  -  Dr Harold L York Singapore TOH Su Fen in "All else being equal, paying COE by instalments would raise COE prices" (BT, April 8) asserts that the vehicle quota system is not a tax, but a transport policy. Ms Toh explains that the intentions
      388 words
    • Article
      Homebuyers' needs matter more than size of house
      217 3  -  Henry Lim via Internet Singapore I REFER to Jayne Goh's letter "Why pay so much more to downsize to a house?" (BT, April 7). There are two issues she brought up which I wish to address. The size of a house depends
      217 words
    • Article
      Pricing of new HDB flats based on several factors
      379 3  -  Tay Kim Poh Chief Estate Administration Property Officer Housing Development Board IN his letter "HDB needs to elaborate on affordability" (BT, March 26), Mr Wong Kee Wah raised his concern that since HDB flats were priced based on affordability, prices might
      379 words
    • Article
      Conflict of interests in property valuation?
      330 3  -  Patrick C H Tan I WAS keen to purchase a new condominium in district 13. I approached my banker for a valuation of the particular unit I wanted. The selling price offered by the developer was $690,000. The bank provided two valuations and the
      330 words
    • Article
      Include statement of non-trading
      99 3  -  H L Low via Internet Singapore ON the subject of auditing of private firms, my opinion is that private exempt companies with no trading activities should be exempted. One of the reasons we hold on to a non-active company is our anticipation that we may need
      99 words
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      Page 2 Advertisements Column 1
      69 2 US military top brass to monitor security, Pg 6 M (i j. J.Tk M The grass is always greener on the other side. With so many choice properties for sale in The Straits Times Classified daily, it's no wonder our readers are tempted to seek greener pastures. Advertise in the
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  • FOCUS
    • Article, Illustration
      Compaq Compute goal-meister extraordinaire
      1018 4  -  CEO Eckhard Pfeiffer's ability to set lofty corporate goals, and then deliver in style, is unrivalled in the computer industry. He explains his strategy to Kenneth James Kenneth James [SINGAPORE] THERE'S a simple reason why Compaq Computer Corp's president and CEO Eckhard Pfeiffer sets the audacious
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      34 4 ig| yyjQsQWyg|l m Personal Finance •Unit Trusts •Property tiify Stocks Epicure •Style JiK A •Motoring •Travel jgW If Every Friday X- A in THE BUSINESS TIMES. SIoA^ANO I must-read 1 for your long weekend.
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  • ASIA ON THE MEND
    • Article
      HK banks cut rates by 1/4 point but analysts see limited impact
      818 5  -  They want sharper cuts by banks in near term; developers and home-buyers may see some cheer Prom Quak Hiang Whai in Hongkong IN a widely anticipated move, banks in Hongkong yesterday cut interest rates by a quarter point,
      818 words
    • Article, Illustration
      Lock icon Losing their cool
      56 5 [SEOUL] Members of the normally moderate Korean Federation of Trade Unions (KFTU) yesterday attacking police in an attempt to storm the headquarters of the Korea Employers Federation in Seoul. About 100 KFTU members tried to enter the building to protest increasing number of layoffs of union members
      REUTERS  -  56 words
    • Article
      Lock icon US, Japan to discuss US$10b Asia plan
      171 5 Bloomberg [SINGAPORE] The US and Japan will chair a one-day meeting here on Monday to discuss a US$lO billion (5517.3 billion) plan aimed at reviving the crisis-hit economies of Asia. The plan, known as the Asia Growth and Recovery Initiative, was unveiled at
      Bloomberg  -  171 words
    • Article
      Lock icon S'pore meeting on Asia reforms timely: officials
      237 5 Discussions centre on progress of corporate, bank revamps in region Reuters [SINGAPORE] A meeting in Singapore on corporate and bank restructuring for East Asia yesterday assessed the progress of debt payments and recapitalisation in countries hit hardest by Asia's economic crisis. Overviews on
      Reuters  -  237 words
    • Article, Illustration
      Lock icon Driving force behind sales
      78 5 [KUALA LUMPUR] Salesman Ku Azmi Ku Yusoffyesterday checking a Malaysia-made Proton at its showroom in Kuala Lumpur. Malaysia expects to sales to rise 22per cent to exceed2oo,ooo units of motor vehicles this year due to a recovery in demand. The Malaysian Motor Traders Association forecast in
      REUTERS  -  78 words
    • Article, Illustration
      Lock icon Baht hits six-month low on lower interest rates
      395 5  -  Euro fails to hold gains after larger than expected half-point rate cnt By] Larry Wee {SINGAPORE] The Thai baht fell yesterday to close at 38 to the US dollar, its lowest level in almost six months, depressed by sharply lower interest rates
      Source: Bridge  -  395 words
    • Article
      Lock icon Ailing Korean bank suspended
      212 5 AFP [SEOUL] South Korea's financial watchdogs yesterday suspended the operations of troubled Daehan Investment Banking Corp for three months due to a biting liquidity crunch. The Financial Supervisory Commission said it had barred the institution a unit of Sungwon Construction Co Ltd from operating with immediate
      AFP  -  212 words
    • Article
      Lock icon Thai banks to lend SMEs 52b baht
      156 5 AFP [BANGKOK] ThaUand's top three banks will offer 52 billion baht (512.36 billion) in credit to help small businesses ride out the recession, reports said yesterday. Bangkok Bank (BBL), Thai Farmers Bank and Krung Thai Bank will extend the credit to small and
      AFP  -  156 words
  • Page 5 Advertisements
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      80 5 World Scientific Publishing Co. Pre. Ltd. announces THE SECOND to be delivered by Nobel Laureate Y. T. Lee Winner of the 1986 Nobel Prize in Chemistry President of Acodemio Sinico, Taiwan Education of Creative Young Scientists for the 21st Century Venue: Singapore Marriott Hotel, Marriott Grand Ballroom, Level 3 Date:
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  • REGION
    • Article, Illustration
      Lock icon Mahathir may leave hospital this weekend
      281 6 KUALA LUMPUR Reuters [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad, under treatment for bronchitis, may be allowed to return home this weekend after a week in hospital, an aide said yesterday. "We hope he may be able to go home and rest this weekend,"
      Reuters  -  281 words
    • Article, Illustration
      Lock icon Gusmao ordered to retract call to arms or go to jail
      380 6 ■JAKARTA AFP THE Indonesian government yesterday said that East Timor rebel leader Xanana Gusmao must retract a call to arms to his followers or go back to jail. The ultimatum came as rights groups released lists of names of
      AFP  -  380 words
    • Article
      Lock icon M'sian deputy premier says pig virus outbreak contained
      453 6 KUALA LUMPUR To curb mystery virus, movement of horses banned, all horses being tested AFP MALAYSIAN Deputy Prime Minister Abdullah Ahmad Badawi declared yesterday that an encephalitis outbreak has besn contained as neighbouring countries were told to be on alert. "In areas
      AFP  -  453 words
    • Article
      S'pore has not received plan for bridge link from M'sian firm
      462 6  -  Environment ministers agree to continue to clean np Straits of Johor From Eddie Toh in Kuala Lumpur SINGAPORE has still not received the Malaysian proposal to replace the current Causeway with a bridge, a project that will help improve
      462 words
    • Article
      Lock icon Killer pig-borne virus baffles experts
      285 6 ■ATLANTA AP AN outbreak of a deadly virus among Malaysian residents who raise, handle and transport pigs is stumping health experts who say it does not resemble any known virus. "We've never seen this virus before. But that doesn't mean it hasn't been there all
      AP  -  285 words
    • Article
      Lock icon Two beheaded by Indon mob
      82 6 AMBON, Indonesia Reuters AN angry mob beheaded two people as the death toll mounted in Indonesia's far eastern Moluccas, residents and officials said yesterday. The two were attacked on Thursday after they had disembarked from a ship at Tual, the main town on Kai Besar
      Reuters  -  82 words
    • Article
      Lock icon US military top brass in Asean to monitor security
      482 6 SINGAPORE US businessmen nervous about situation in region Reuters TOP US military officials have been visiting South-east Asia to discuss the security situation which has caused nervousness among American businessmen, officials said here yesterday. "The issue of security is on everyone's
      Reuters  -  482 words
    • NOTE Book
      • Article
        Lock icon Time for UN action, says Suu Kyi
        85 6 AFP [BANGKOK] Pro-democracy leader Aung San Suu Kyi yesterday called for a UN resolution on human rights in Myanmar, saying that mere sympathy from the international community was not enough. In a video message to the 55th session of the UN Commission on
        AFP  -  85 words
      • Article, Illustration
        Lock icon Symbols of clean Bangkok
        47 6 AFP [BANGKOK] Dust pans and brooms are put on display in front of the Bangkok Metropolitan Administration head office as part of the city cleaning campaign. The exhibition encourages city residents to clean their houses and roads to make a cleaner environment —AFP
        AFP  -  47 words
      • Article
        Lock icon Jakarta to pass new oil and gas law
        78 6 Bridge News [JAKARTA] Indonesia's House of Representatives is expected to pass a new oil and gas law by mid-July, Minister of Mines and Energy Kuntoro Mangkusubroto said yesterday. He said that once the law was passed Pertamina would no longer hold a
        Bridge News  -  78 words
      • Article
        Lock icon Most Thai listed firms Y2K ready
        61 6 Reuters [BANGKOK] The Stock Exchange of Thailand yesterday said that most listed companies were well prepared far the Year 2000 computer bug. Some 353 listed firms had spent a total of more than 5.5 billion baht (Ss2so million) to fix their systems against the
        Reuters  -  61 words
      • Article
        Lock icon Cambodia tourist arrivals up 22% in Q1
        67 6 Reuters [PHNOM PENH] Cambodia's tourist industry is benefiting from increased political stability with arrivals at main entry points up 22 per cent in the first quarter over the same period last year, industry officials said yesterday. There were 60,770 arrivals in the first
        Reuters  -  67 words
    • Article
      Lock icon M'sian court clears 177 Anwar supporters of rioting
      309 6 KUALA LUMPURL Reuters, Bernama A MALAYSIAN court has acquitted 177 supporters of sacked finance minister Anwar Ibrahim of rioting as a judge prepares to hand down the verdict next week in the former cabinet minister's corruption trial. Local media said a magistrate's
      Reuters,; Bernama  -  309 words
    • Article
      Lock icon New HK bird flu virus also hit China: official
      329 7 HONGKONG 5 mainlanders said to have caught the H9N2 virus last year Reuters A STRAIN of bird flu caught by two infant girls in Hongkong last month infected five mainland Chinese last year, a local official said yesterday. Deputy director of
      Reuters  -  329 words
    • Article
      Lock icon HK on standby for first Y2K test on 99th day of 1999
      281 7 HONGKONG AFP HONGKONG government's technology experts were on standby yesterday as computer clocks grappled with their first millennium bug test dealing with the 99th day of 1999, a government spokesman said. But authorities and banks here denied that
      AFP  -  281 words
    • ASIA Notes
      • Article
        Lock icon Sri Lanka parties struggle for coalition
        98 7 AFP [COLOMBO] Sri Lanka's ruling party and opposition were yesterday struggling to take control of the country's most Important local body after a bitterly fought vote failed to throw up a clear winner. President Chandrika Kumaratunga's People's Alliance (PA) narrowly became the largest single
        AFP  -  98 words
      • Article
        Lock icon Move to suspend sanctions on India
        46 7 Bridgenews [NEW DELHI] US Congressman Frank Pallone will shortly move a bill to suspend all "unilateral" economic sanctions imposed against India after it conducted nuclear tests in May 1996, the United News of India said in a report from Washington.—Bridgenews
        Bridgenews  -  46 words
      • Article, Illustration
        Lock icon Ex-Korean president's son acquitted
        89 7 AFP [SEOUL] South Korea's Supreme Court yesterday acquitted the son of ex-president Kim Young Sam of corruption charges, overturning a three-year jail sentence. "The court rejects the initial decision that found the accused guilty/' Judge Cho Moo Je said in a statement, adding that there was
        AFP  -  89 words
      • Article
        Lock icon China sets up panel to help SMEs
        59 7 Reuters [BEIJING] China yesterday said it has set up a group to start drafting a law on the development of small and medium-sized enterprises to help them be competitive in the market. The China, Daily said the drafting group was headed by Parliament's
        Reuters  -  59 words
      • Article
        Lock icon Strong quake rocks north-eastern China
        53 7 Reuters [BEIJING] An earthquake measuring 7.0 on the Richter scale shook a wide area of north-eastern China near the border with North Korea, Xinhua reported. It quoted the State Seismological Bureau as saying the quake struck the Yanbian Korean Autonomous Prefecture in Jilin province at
        Reuters  -  53 words
    • Article
      Lock icon BJP woos three opposition parties in bid to cling to power
      509 7 NEWDELHI A second Communist party announces support for govt headed by Congress AFP INDIA'S ruling Hindu nationalists yesterday attempted to woo minor opposition groups in a desperate bid to cling to power as cracks grew in the fragile coalition,
      AFP  -  509 words
    • Article, Illustration
      Lock icon Timber shortage
      73 7 [BEIJING] A lumberyard worker sitting on a pile offreshly cut timber in Beijing yesterday. Although China faces timber shortages this year because of its massive forest protection campaign, the government says it has no plans to increase timber imports substantially and will restrict imports to rare species and
      REUTERS  -  73 words
    • Article
      Lock icon Use of force against Taiwan still possible: China premier
      349 7 WASHINGTON Bat reunification plans for Taipei more generous than those for HK, Zhn says AFP CHINESE Premier Zhu Rongji reiterated here on Thursday that China has never ruled out the use of force against Taiwan, though he called Beijing's plans for
      AFP  -  349 words
    • Article
      Lock icon China unveils public housing funds rules
      218 7 BEIJING Reuters CHINA has issued detailed rules on the management of public housing funds in an effort to spur the property market and curb irregularities, the Economic Daily said yesterday. The public housing funds, into which most employees and employers pay a proportion of
      Reuters  -  218 words
    • Article
      Lock icon China's central bank to boost financial monitoring
      202 7 BEIJING AFP CHINA'S central bank plans to set up a system to supervise its operations and monitor loans to state-owned commercial banks, the state media reported yesterday. Government financial reform policies had created the right climate to boost financial supervision and prevent financial
      AFP  -  202 words
    • Article
      Lock icon Aussie Net casino starts up in desert town
      458 7 ALICE SPRINGS It'll tap USs3oom& year global online gaming market Bloomberg AUSTRALIA'S first regulated Internet casino begins operating this weekend from the remote outback town of Alice Springs-, marking the beginning of an expected surge in online gambling. Lasseters Casino, one of
      Bloomberg  -  458 words
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  • THE WORLD
    • Article
      Lock icon Enormous strides in China's WTO bid: Rubin
      555 8 WASHINGTON Bering drafting govt procurement law to cot corruption, help gain WTO entry Reuters, AFP US Treasury Secretary Robert Rubin said yesterday the United States and China had made "enormous" progress on getting China into the World Trade Organisation (WTO) but cautioned that
      Reuters,; AFP  -  555 words
    • Article, Illustration
      Lock icon Anti-China mood blocks WTO deal
      507 8  -  From Leon Hadar in Washington THE US and China have failed to reach an agreement on Beijing's membership in the World Trade Organisation (WTO), the result of a strong anti-China lobby that has been boosted by recent allegations of Chinese espionage and illegal campaign contributions.
      REUTERS  -  507 words
    • Article
      Lock icon ECB rate cut could lead to steady EU growth, say economists
      606 8 LONDON New global financial woes, fall on Wall St could derail recovery Reuters THE European economy is not out of the woods yet, but the European Central Bank's (ECB) half-point rate cut should lead to a steady if unspectacular
      Reuters  -  606 words
    • Article, Illustration
      Lock icon Fear mounts of war spreading
      608 8 CRISIS XX KOSOVO AFP [BRUSSELS] Fears of a broader Balkans war mounted across Europe yesterday after Russia said it may become involved in the conflict over Kosovo and violence broke out on the Yugoslav border with Macedonia and Albania. Russian President Boris Yeltsin warned Nato
      AFP  -  608 words
    • Article
      Lock icon US faces uphill task in fight for free trade: official
      304 8 SINGAPORE Reuters PROTECTIONISM will be bad for the US economy, but the battle to win the free trade debate is getting harder, a senior US official said yesterday. "It's getting harder and harder with the trade deficit growing as it
      Reuters  -  304 words
    • Article
      Lock icon US March PPI up just 0.2% despite jump in energy costs
      460 8 WASHINGTON We aren't seeing any general increase In prices or inflation danger: economist Reuters US wholesale prices rose moderately in March despite a jump in energy costs, the government said yesterday, a further* sign that vibrant economic growth was
      Reuters  -  460 words
    • WORLD Watch
      • Article
        Lock icon Independent Scotland may be better off
        61 8 Reuters [EDINBURGH] An Independent Scotland would have a stronger economy In the long run than If it remained within Britain, according to a report by a leading think-tank published yesterday. The findings by the Edinburgh-based David Hume Institute came Just weeks before Scotland votes
        Reuters  -  61 words
      • Article
        Lock icon US preparing for talks with Libya
        62 8 AFP [UNITED NATIONS] The United States announced on Thursday that it would soon hold its first official talks with Libya since breaking off diplomatic relations in 1961. State Department spokesman James Rubin stressed that the meeting at ambassador level would not be bilateral discussions,
        AFP  -  62 words
      • Article
        Lock icon Murdoch takeover of Man U blocked
        55 8 AFP [LONDON] British Secretary of State for Trade and Industry Stephen Byers has decided to block the proposed acquisition by Rupert Murdoch's BSkyß of Manchester United football club. He said he had accepted the findings of the Monopolies and Mergers Commission that the merger
        AFP  -  55 words
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  • SPORTS
    • Article, Illustration
      Lock icon Breezing through for trio
      932 9 63RD MASTERS TOURMAMEMT Ch&mblee, Love, McC&rron tie to lead first round, No 1 Duval falters NYT [AUGUSTA, Georgia] The first round of the Masters was everything that Brandel Chamblee imagined, everything that Scott McCarron hoped for, everything that an experienced major winner like Davis Love 111
      NYT; AFP  -  932 words
    • Article, Illustration
      Lock icon Paraguay pro Franco impresses at the Masters
      733 9  -  By\ Dave Anderson NYT [AUGUSTA. Gerogia] With birdies on the third and fourth holes, Carlos Franco's name went up early on the Masters leader boards, but it was a new name. "Who is Franco?" voices in the gallery were asking. Not many knew
      NYT; AFP  -  733 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      448 9 ITTI i j Diners club Offers Personalised Cash Access 3£B^HToan».c* Where to wine, dine and entertain... atov rM,oooioaiwßworMw<ie. arM *****45 I New Zealand Rock Oysters on Ice, Italian Pasta, Sashimi, Tempura and a whole lot more all at Cafe Plaza! Lunch Japanese Sunday, Monday 6C Public Holiday International Tuesday to
      448 words
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      Page 9 Advertisements Column 2
      43 9 UKMET H_ WINE ADVENTURE 1-30 April 1999 Secretaries' Week Special Featuring a specially choreographed fashion show I from Australia 19-23 April 1999 12noon 2.30pm Mandarin Ballroom, $46 nett per person Reservations: 831-6288 333 OctUfd Road Singapore *****7 fct: 737 2200 fax 738 2382
      43 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Different scents for different seasons
      985 10  -  Fashion houses are putting more limited edition perfumes at cosmetic counters to draw women who want to smell extra special, partathz n&t&r reports PARVATHI NAYAR ALLURE, mystery, sensuality these are just some of the subtle but powerful messages a scent can send. Fragrances speak directly
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      1659 10 CBTPTIC CROSSWORD ACROSS 1 Gear controls on the line? r r I r I P I 6 8 Could have seen Garbo from a seat here (5,6) 7 I I j| I j 11 Mole's friend is to advertise \mmd LmJ MK2 our time enough for poets (4) —Hi HHI
      1,659 words
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  • COMPANIES & MARKETS
    • Article
      Pac Can loses $20m loan lifeline, appoints adviser
      381 11  -  Price Waterhouse to develop restructure plan to help company meet financial obligations By, Jennifer Lien [SINGAPORE] Debt-laden Pacific Can Investment Holdings has lost its latest lifeline after a conditional loan facility from First Commercial Bank was withdrawn and cancelled on Tuesday. The
      381 words
    • Article
      Lock icon KLSE declines to comment on BT reports on Clob
      293 11 Bridge News [SINGAPORE] The Kuala Lumpur Stock Exchange (KLSE) has declined to comment on reports in The Business Times yesterday which denied that trading in Clob (Central Limit Order Book), or Singapore's over-the-counter (OTC) market of mainly Malaysian shares, was responsible
      Bridge News  -  293 words
    • Article
      NOL picks Dane to be new CEO
      447 11  -  Hemming R Jacobs a partner at AP Moller/Maersk By i Conrad Raj [SINGAPORE] Neptune Orient Lines, which last week reported heavy full-year loss of $438 million, has appointed a Dane to be its new group president and chief executive. The national carrier announced
      447 words
    • Article, Illustration
      David Ban quits as Vickers Ballas MD
      228 11 [SINGAPORE] Vickers Ballas Holdings managing director David Ban has quit. His last day at the securities firm will be April 30. The firm yesterday said that Mr Ban would remain a director of its board and a consultant to management. Chief executive Wee
      228 words
    • Article
      A case of over-reaction over covered warrants
      728 11  -  HOCK LOCK SIEW R Sivanithy DEUTSCHE Bank's recent Issue of covered warrants on the Local tranches of OCBC, UOB, SIA and DBS attracted considerable attention when the instruments were listed on Wednesday. Because they made their debut when the market was hot, the
      728 words
    • Article, Illustration
      Lock icon Analysts call for 'stag' on Lian Beng
      792 11  -  They're neutral on fundamentals but see IPO benefiting from market rebound By Marissa Chew [SINGAPORE] Local contractor Lian Beng Group's initial public offer looks set to benefit from the recent rebound in market sentiment and revived interest in new listings. The stock market
      SIEW YAW HOONG  -  792 words
    • Article
      Gesco in property tie-up talks with SembCorp
      280 11  -  Indian company to separate its shipping, real-estate businesses FYom Rajendra Bajpai in New Delhi INDIA'S Great Eastern Shipping Company (Gesco) is turning its real estate division into a joint venture company with equity participation. possibly from Singapore's SembCorp, company officials said. Gesco is
      280 words
    • REGIONAL COMPANIES
      • Article
        EON's finance arm calls off mergers with four companies
        491 12  -  No reasons given; this is 3rd failure under Bank Negara's plan to cnt number of finance firms From Ruth Wong in Kuala Lumpur EDARAN Otomobil Nasional Bhd (EON), the distributor of Malaysia's national car, yesterday said its finance arm has called
        491 words
      • Article
        First Capital Corp to raise $100m from loans, bonds
        430 12  -  It will also issue up to 20m detachable warrants in fond-raising exercise By< Clarissa Tan [SINGAPORE] Property developer First Capital Corporation (FCC) yesterday said it would raise $100 million from a combination of loans and bonds. The fund-raising exercise will be
        430 words
      • Article
        Share buybacks: MCL Land, Jaya to seek shareholders' nod
        275 12 [SINGAPORE] MCL Land has called an extraordinary general meeting to seek shareholders' nod on a resolution that would facilitate share buybacks, while Jaya Holdings has secured the stock exchange's in-principle approval for share buybacks. MCL Land, the property arm of listed
        275 words
      • Article
        GPE sees better margins ahead
        363 12 Business has picked up in the last three months, it says [SINGAPORE] GPE Industries expects to see profit margins improve and prices to stabilise in the next six to nine months. "Provided there is no further bad news in Asia, our gut feeling is that
        363 words
      • Article
        Lock icon Maybank cuts key rate further to 7.65%
        218 12 Bloomberg [KUALA LUMPUR] Malayan Banking Bhd (Maybank) said it would cut its key lending rate for the second time in five days, following the central bank's move to cut its own rates to spur the economy. Maybank cut its base lending rate, the
        Bloomberg  -  218 words
      • Article, Illustration
        Lock icon Poon's Europe business offer: doubts raised
        593 12 Bloomberg [HONGKONG] In less than an hour yesterday, Dickson Poon earned millions. The 42-year-old tycoon hardly had to lift a finger: At the opening bell, Dickson Concepts International Ltd, the Hongkong luxury retailer he controls, surged almost 40 per cent. The stock was catching
        Bloomberg; FILE PHOTO  -  593 words
      • Article
        Asian hotels' income falls 21%: report
        172 12 [SINGAPORE] Income for the Asian hotel industry fell 21.5 per cent last year, according to hotel broker Jones Lang LaSalle Hotels yesterday. "With the exception of Phuket, every market in Asia fell in 1998," said the company's executive vice-president, Antony Karp. In its latest
        172 words
      • Article
        Nakornthon Bank prefers UOB as partner
        427 12  -  Sources cite common Asian culture, UOB's flexibility in talks From Harish Mehta in Bangkok THAILAND'S Nakornthon Bank (NTB) prefers to sell a majority stake to Singapore's United Overseas Bank instead of rival bidder Standard Chartered Bank, sources in the Thai bank said yesterday. A
        427 words
      • Article
        Lock icon Brierley expected to outline future direction in two weeks
        339 12 Bloomberg [WELLINGTON] Brierley Investments Ltd, which this week concluded an agreement to refinance its debt, expects to give investors a clue to its future direction within two weeks. Analysts at five firms rate the diversified investment company, which lost twothirds of
        Bloomberg  -  339 words
      • COMPANY Briefs
        • Article
          Lee Kim Tah explains poor H2 results
          131 12 [SINGAPORE] Lee Kim Tah Holdings yesterday explained why its second-half results did not turn out as expected. In reply to the Stock Exchange of Singapore, the company said an anticipated booking erf progress revenue from a development project in Sydney was deferred. It
          131 words
        • Article
          TSM unit gets option to buy factory
          70 12 [SINGAPORE] TSM Resources yesterday said its wholly-owned subsidiary, Tien Seng Marble, has secured an option to buy a factory in Sungei Kadut, opposite the company's existing factory. The premises to be purchased have a remaining lease of about 14 years and a built-in
          70 words
        • Article
          SPC exec promoted to senior VP
          86 12 [SINGAPORE] Singapore Petroleum Company has promoted Koh Ban Heng to senior vice-president Mr Koh wUI continue to lead the distillates group and will progressively take over the market development and ventures portfolio from Roy Tsou Chen Hwa, who retires in the middle of this
          86 words
        • Article
          OCBC issued, paid-up capital is $1.2b
          24 12 [SINGAPORE] OCBC Bank yesterday said its issued and paid-up capital as at March 31,1999, came to $1.22 billion.
          24 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon IDC to spurn C&W and opt for NTT bid, says report
        294 13 Bloomberg [TOKYO] International Digital Communications, Japan's smallest phone carrier, will reject a takeover bid by Cable Wireless of the UK and pursue an offer from Nippon Telegraph and Telephone Corp, the Yomiuri newspaper said without citing sources. IDC will
        Bloomberg  -  294 words
      • Article
        Lock icon GE posts record Q4 earnings
        362 13 US corporate giant rakes in USs2.2b, expects 1999 to be another record year Reuters [FAIRFIELD, Connecticut] General Electric Co, one of the world's biggest corporations, on Thursday posted record first-quarter earnings that met Wall Street's expectations and predicted the solid performance would continue and make
        Reuters  -  362 words
      • Article
        Gates world's first US$100b man, thanks to Wall St's rise
        377 13 [LONDON] Bill Gates, already the world's richest person by a considerable margin, was confirmed as the world's first US$lOO billion (*****.3 billion) man after the surge in American shares made his 21 per cent holding in Microsoft worth more than
        377 words
      • Article, Illustration
        Lock icon Sliming by Viacom
        68 13 [NEW YORKJ New York Stock Exchange CEO Richard Grasso (left), Viacom CEO Sumner Redstone (centre) and actor Kelsey Grammer (who plays Frasier Crane on Paramount television's Frasier) getting slimed on Thursday after ringing the opening bell at the New York Stock Exchange. The sliming was conducted by
        AFP  -  68 words
      • Article
        Lock icon BAT shareholders okay Rothmans buy
        134 13 Reuters [LONDON] British American Tobacco pic took a step closer to its planned £4.6 billion (5512.8 billion) acquisition of Rothmans International on Thursday when shareholders overwhelmingly approved the deal which will create an global tobacco powerhouse. "This merger should lead to increased share growth and
        Reuters  -  134 words
      • Article
        Lock icon Web hoax sends shares of target company soaring
        589 13 Incident serves as warning about risks of getting investment advice online LAT-WP [WASHINGTONJ If you knew how to spot them, the clues were plain as day: A report of a new takeover deal that swept across the Web on Wednesday morning was
        LAT-WP  -  589 words
    • Article
      BT SHARE INFORMATION SERVICE
      4283 13 Mat earn CM MOL Mm 31 P *****L *****L 61L 41L Date TV LY IT IY Natsteel Cite War) P 68.606 ***** 17.1 TL6 Camp any MM (tnt <$m) (da) <ets) Mppocraft Mm 2 P IMS 0.416L UO 0.2L 1 NatBroadway Maris P 24.173 17/479 T7.9
      4,283 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Soros earmarks US$1b for Europe private equities
        388 14 Group is latest from US eyeing apparently unvalued EU businesses FT [LONDON] George Soros, the international financier, has earmarked more than US$l billion (Ssl.7 billion) to launch a European private equity arm that will seek investments in a range of businesses. Soros Private
        FT  -  388 words
      • Article
        Lock icon Goldman fund said to eye Kookmin Bank stake for US$500m
        308 14 Bloomberg [SEOUL] A Goldman, Sachs Co investment fund plans to pay US$5OO million (*****.3 million) to buy about onefifth of Kookmin Bank, South Korea's largest retail bank, according to a person familiar with the transaction. Under the agreement, details of
        Bloomberg  -  308 words
      • Article, Illustration
        Lock icon Dresdner Bank's '98 profit rises 55% on lower tax bill
        431 14 Better trading profits, less bad loan provisions seen in '99 Bloomberg [FRANKFURT] Dresdner Bank, Germany's third biggest bank, said profit rose 55.4 per cent last year as its tax bill halved because of a switch to international accounting standards and
        Bloomberg; Source: Bloomberg  -  431 words
      • Article
        Lock icon Goldman may raise IPO price by 10%
        332 14 Shares of rivals rising as higher earnings seen for Wall Street firms Bloomberg [NEW YORK] Goldman Sachs Group LP, the biggest investment banking partnership, may boost its initial stock sale by 10 per cent to as much as USs3.B' billion (556.6 billion) because
        Bloomberg  -  332 words
      • Article, Illustration
        Lock icon Strong US$ rally takes a breather
        471 14 Euro/USS: Euro/US$ traded generally higher for the large part of this week, climbing from Monday's low of 1.0701 to touch a high of 1.0888 on Thursday. Subsequently, the unit dipped to a low of 1.0727 after a 0.5 per cent cut in the euro's
        Source: DBS Bank  -  471 words
      • SMALL Change
        • Article
          Lock icon Chicago to switch trading system
          89 14 Reuters (CHICAGO] The Chicago Mercantile F.yrhangp said it would transfer trading in its quarterly bankruptcy tndyr futures contract to its electronic Globex system from open outcry from April 19. The CME hopes the switch will jump-start trading in the fledgling contract, an exchange spokesman said
          Reuters  -  89 words
        • Article
          Lock icon Templeton sells Polish hank stake
          66 14 Reuters [WARSAW] Templeton Asset Management has sold most of its holdings in Poland's BIG BG Bank to an unknown buyer, its parent company Franklin Resources said on Thursday. Templeton sold 7.82 per cent of BIG and now owns just 0.45 per cent of the Polish
          Reuters  -  66 words
        • Article
          Lock icon Broker Aon buys Presidium
          78 14 Bloomberg [CHICAGO] Aon Corp, the world's second largest insurance broker, bought Presidium Holdings, a privately held processor of workers' compensation, insurance claims, expanding its insurance services unit The Chicago-based broker didn't say how much it paid for Presidium, a Sacramento, California, company with US$54 million (5593.4
          Bloomberg  -  78 words
        • Article
          Lock icon Morgan Stanley to build Scotland centre
          79 14 Reuters [EDINBURGH] US investment bank Morgan Stanley Dean Witter said on Thursday that it planned to build a customer service and support centre in Scotland that would create up to I,ooojobs over the next five years. The move was the latest investment in the
          Reuters  -  79 words
        • Article
          Lock icon US state law banning ATM fee falters
          133 14 Bloomberg [HARTFORD, Cofinecticut] Fleet Financial Group and First Union Carp scored a preliminary victory in their challenge to a Connecticut state law that bans ATM fees. US District Judge Janet Bond Arterton in New Haven granted the US Comptroller of the Currency a
          Bloomberg  -  133 words
        • Article
          Lock icon First Comm March pre-tax down
          67 14 AFX-Asia [TAIPEI] First Commercial Bank said March pre-tax profit fell to NTS6I9 million (5532.3 million) from NT$7O2 million a year earlier. Pre-tax profit in the three months to March dropped to NT$l.77 billion from NT$2.B7 billion a year earlier, a bank official said. It posted
          AFX-Asia  -  67 words
      • Article
        Lock icon Alliance Capital plans to revamp to cut taxes for some owners
        417 14 Bloomberg [NEW YORK] Alliance Capital Management LP, the largest publicly traded money manager in the US, said it plans to give unitholders the option of exchanging their interests for a stake in a company that won't be taxed or
        Bloomberg  -  417 words
      • Article
        Lock icon EBay founders repay US$1.5m loans with US$2.3b of stock
        424 14 They had each pledged 6.9 m shares as loan collateral Bloomberg [WASHINGTON] Pierre Omidyar, the founder of EBay Inc, and his first full-time employee, Jeffrey Skoll, recently turned over stock now worth about US$2.3 billion (Ss4 billion) to repay loans of
        Bloomberg  -  424 words
      • Article
        Futures climb into new territory
        204 15  -  snKTgr Reports MSd Singapore Index Bob Butcher, Jardine Fleming IT was a one-way street in the MSCI Singapore Index futures and the street climbed the hiU to ever higher prices. The biggest winners were those that bought at the opening and held on because that
        204 words
      • Article
        Fall in bank shares halts index's rise
        159 15  -  MSGS Taiwan futures Vincent Nglam Refco Singapore THE Simex MSCI Taiwan Stock Index futures ended up 0.3 point to 325.9 in the April '99 contract. The market opened higher, encouraged by the continuing bull runs in the US Dow Jones and the Nasdaq.
        159 words
      • Article
        Lock icon Oil prices higher on projections of shrinking stockpiles
        325 15 EMERGY REPORT Reuters [LONDON] Oil prices moved higher yesterday buoyed by projections of a sharp decline this year in petroleum stockpiles. A brief scare over Russia's military intentions over Kosovo also helped boost prices after a mid-week relapse undercut a six-week oil
        Reuters  -  325 words
      • Article
        Lock icon CURRENCY REPORT
        321 15 Reuters, Bloomberg London THE dollar was well underpinned yesterday, particularly against the euro, as concern that Russia could be drawn into the Kosovo crisis spurred traders to seek out a safe haven before the weekend. A flurry of comments out of Russia kept dealers on the defensive for
        Reuters,; Bloomberg  -  321 words
      • Article, Illustration
        Untitled
        1221 15 IMTERBAMK CROSS RATES Aprl C$ Bari> Euro Ffr Dm HK$ tnd Bi ttupnh Von Won Mi jg$ Pat it Ptto S$ Band Sfr NTS Hmt US$ Australia 0.940 6.178 0.561 3.814 1137 4.862 26.775 54.357 0.759 7.675 2.385 1.178 31.770 24.190 1088 3.894 0.928 20.770 23.842 0290 0 628 Canada
        1,221 words
      • Article
        Untitled
        1758 15 SICOM FUTURES Apr 9 Mt8Qt (Mans dortqas at SJOpa) RSS1 cacbAq) CfM* Votoma Optfl Moot* M9ft Low Sott (tmm) fctarat May 99 100.50 775 Jwn 99 102.75 250 JK99 104.00 200 kaq 99 105.75 200 Sap 99 107.25 200 Oct/Ooc 99 109.25 675 ISS 3 CONTRACT (US cnbAg) VotwM Opan
        1,758 words
    • Article, Illustration
      Lock icon HONGKONG
      1315 16 AFP F1 Hang Seng ******6 HONGKONG share prices rose 1.6 per cent yesterday to stay at a 12-month high in anticipation of an interest rate cut that materialised after the market's close. Sentiment was also boosted by another record close overnight on Wall Street. "I think it is mainly
      AFP  -  1,315 words
    • Article, Illustration
      Lock icon CHINA
      519 16 Reuters V% Shenzhen B Index +2.44 SHENZHEN'S hard-currency B shares closed sharply higher yesterday, driven by keen interest in largecapitalisation stocks from foreign and domestic institutions, analysts said. The B share index climbed 2.44 points, or 4.35 per cent, to 58.54 as turnover shot up to HK542.6 million from
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  519 words
    • Article
      Lock icon TAIPEI
      334 16 AFP □*P Index -7.71 TAIWAN share prices closed 0.1 per cent lower yesterday as investors locked in profits from strong gains built on the previous day's surge, dealers said. The benchmark Taiwan Stock Exchange Weighted Price Index slipped 7.71 points to 7,265.70, following a 1.9 per cent rise in
      AFP  -  334 words
    • Article
      WORLD STOCK MARKETS
      2057 16 LONPON Mntriih i m* 34 Group 6.77 0.32 A B Foods 4.12 -0.05 AS Ports 2.80 0.01 Allied Domocq 4.61 0.01 Allied Zurich 9.01 0.13 Anglo American Gold 34.20 0.90 ASOA Group 1.48 -0.01 Bank of Scotland 9.12 0.09 Barclays 19.17 0.08 Bass 8.37 0.03 BG 3.59
      2,057 words
    • Article
      Lock icon TOKYO
      1603 16 AFP D Nikkei 225 +BJ4 TOKYO share prices closed marginally higher yesterday as profit-taking rolled back early gains after the market barometer topped the 17,000-point level for the first time since March last year, brokers said. "Investors grew cautious of chasing higher prices after the Nikkei rose past 17,000
      AFP  -  1,603 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8290 17 > INDUSTRIALS '999 Last Oay Net Cap Le» Ciwpiwy Sale •OOP L— Pft tmH 310 255 Ajinomoto 270 14.9 109.4 #3 46 Angkasa 60 unch 25 60 60 88.5 283 220 Apollo Food Hlg 220 7.7 88.0 204 115 8er)aya Land 138 3 108 138 134 2.8 956.7 600 450
        8,290 words
      • Article, Illustration
        Lock icon Shares up as worries over Dr M's health fade
        419 17 AFP, AFX-Asia Composite Index +1L52 MALAYSIAN share prices jumped 2.1 per cent yesterday on improved sentiment as fears over Prime Minister Mahathir Mohamad's health subsided, dealers said. The KLSE Weighted Composite Index rose 11.52 points to finish at 568.10, while the
        AFP,; AFX-Asia  -  419 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2227 18 BONDS, LOANS ft WARRANTS 52-Wk Last Vol Day Last Ousta Ay, High LOW Stno Company Sala *Of- (0OO> Hk)h Low Buyar Saflar Prtea 18 3 i 3160 A Acar ******1 US$ IS unch 97 16 15 14.5 15 27 4.5 5 3164 AcmaW*****4 23 -0.5 1419 25 22.5 22.5 23
        2,227 words
      • Article
        Hai Sun Hup wrt might be one to watch
        229 18  -  WARRANT WATCH -By R Sivanithy TRYING to pick the next warrant which will enjoy rotational interest isn't easy, mainly because the market seems to have a very short attention span for these instruments at the moment. What's in favour now is
        229 words
      • Article
        CLOB INTERNATIONAL
        231 18 HOMOKOMO STOCKS i Of Or M wk LMt Vol Day Last OueU Wv ON VM Nat M Cap HUH Law Stne Com—ny Ml rOOO) Law fciyac SaOaf Cw P/t Wl 235 173 5123 COL (2000) MK 230 Cd 8 2.4 3.5 11.8 4453-2 5124 Camay Pac 20c HK_
        231 words
    • Article, Illustration
      Lock icon JAKARTA
      700 18 AFP Composite Index +2L21 INDONESIAN share prices surged 5.3 per cent yesterday in line with firmer regional markets after overnight gains on Wall Street and a rate cut by the European Central Bank, dealers said. "I see a genuine entry of foreign fUnds into our market today," an analyst
      AFP  -  700 words
    • Article
      Lock icon SEOUL
      410 18 AFP rl Composite Index +&23 SOUTH Korean share prices closed barely higher yesterday after a volatile session, with institutional profit-tak-ing offsetting brisk foreign buying after another record high on Wall Street, dealers said. The Korea Stock Exchange Composite Index closed up 6.23 points at 687.42, off a high of
      AFP  -  410 words
    • Article
      Lock icon SYDNEY
      668 18 AFP FlAllOrdmirieß *18 SHARE prices inched 0.1 per cent higher yesterday for another record close, with solid gains in a number of select stocks pushing the market forward, brokers said. The All Ordinaries Index rose 3.8 points to 3,060. The All Industrials Index closed up 1.5 points at 5,518.1.
      AFP  -  668 words
    • Article
      Lock icon WELLINGTON
      290 18 AFP Q Wellington +4&BS NEW Zealand stocks climbed 2.3 per cent yesterday on positive leading economic indicators and firmer overseas markets. The NZSE-40 Index was up 48.85 points to 2,171.09 on turnover of NZ$93 million. raw Advantaqa MDS 124 0.04 48 Air NZ A 2.80 0.03 941 Air NZ
      AFP  -  290 words
    • Article, Illustration
      Lock icon BANGKOK
      911 18 AFP Fl SET Index +&86 STOCKS climbed 1.9 per cent yesterday as the baht dipped below the 38 to the US dollar mark for the first time this year, dealers said. The benchmark Stock Exchange of Thailand Index added 6.86 points to 371.95. Prices rose on the back of
      AFP  -  911 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6523 19 Transaction date Apr 9 j Cr Or M wt Urt Va4 Day LastOweta Dlv Dlv YM Nat Cap A** High Law stNo Company lart COQQ) Hlgk Law 8uyr Wa< C'vr P/t »w> Prtta MW.THNDUSTIY 128 17.5 m b 1000 Acma 50c 83.5 ed unch
      6,523 words
    • Article
      SESDAQ
      1254 19 tddl vp< On LaatOuato M» Mv n< Nat Cap a™ Hmi U» StMa Cawpany COOP) Law Buyr jgg Cw P/l $m» Wo 195 30 C 2049 AS Auto tOc KM -1 1299 110 106 lOSWT 15 N 7 1.4 10 121 102 79.5 45 c 2051 ASJHM«s20c *5 unci)
      1,254 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        372 20 Stocks Votomt Total Automation 5c 52,300,000 Hotel Prop 18,346,000 Asia Foodi Prop 13,917,000 Uraco HldqslOc 13,854,000 SingTel 15c 13,830,000 Thakral 10c 13,206,000 Kim Eng 25c 12,119,000 STEngqWc 11,662,000 Hotting Inv NT5 11,219,000 JC-MPH 10,742,000 Stocta t OUB 44,257,919 U08 Foreign 36,911,054 SingTel 15c 36,107.533 DBS Foreign 33,453,161 SIA 32,492,610 SI
        372 words
      • Article, Illustration
        Rally continues, with strong US, Europe orders
        602 20  -  STOCS MARKET COMMENTARY S Korea's Q1 growth draws attention of foreign funds; Dow strength and bank and rate rumours also help By R Sivanithy A RECORD overnight high on Wall Street, old rumours of an interest rate cut and a new rumour that
        602 words
      • OH THE GRAPEVINE
        • Article
          CityDev to issue $150m bonds soon?
          70 20 CITY Developments is said to be fawning $150 million bonds in the next few weeks. The bond is to refinance a fixed rate bond issued a few years ago to part finance its huge Republic Plaza project Citibank, which has grabbed most of the
          70 words
        • Article
          So the storey goes
          144 20 "SUPERMAN" Li Ka-Shing knows how to keep his good connections, according to gossip in Hongkong. Mr U just moved to his new 70-storey Cheung Kong Centre, built on the site of the former Hilton Hotel. Mr Li demolished Hilton for redevelopment as he calculated that it
          144 words
        • Article
          Taking another hite at KFC Holdings
          96 20 TRADING in the shares of fast-food operator KFC Holdings Bhd has been gaining momentum in recent days, on the back of market talk that a new controlling shareholder may emerge soon. According to the company's annual report, Punca Ibarat owns a 31 per cent
          96 words
        • Article
          Catch them on the Web
          59 20 WHAT better way to build brand loyalty among the young, at least in America, than through computer games? Coca-Cola, for the second time, is using the Internet to bind young consumers to its Cherry Coke through an online game. Called "Time Tremors", it is available
          59 words
        • Article
          Net stocks and the printing press
          75 20 HERE'S how an American fiind manager looks at the sky-high price/earnings ratios of some Internet and technology stocks. The high PEs, Stephen Waite of Warburg Pincus Global Telecommunications Fund told Worth magazine, reflect a future boom whose impact could be compared to Gutenberg's invention
          75 words
      • Article, Illustration
        HOT STOCK
        65 20  -  -By Wong Wei Kong Hotel Properties shares closed up $0,015 yesterday at $0.95 on a volume of 18.4 million shares, compared with its 10-day traded average of 8.6 million units. The daily and weekly RSI and stochastics and MACD charts suggest that the stock has reached overbought territory.
        65 words
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      Page 18 Advertisements Column 1
      21 18 TheSW^^oSSteSld-srtay.' I iSlflfi—M Call CAT.S. at 1800-737-1166. J ♦The Philippine stock market was closed yesterday. Wmsstos R HdVC Shipping times S
      21 words
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      Page 20 Advertisements Column 1
      657 20 SING INVESTMENTS FINANCE LIMITED (Incorporated In the Republic of Singapore) ANNOUNCEMENT Pursuant to Article 5(1 Ha) of the Aitkies of Association of the Company, it is hereby announced that the Status Declarations received fay the Company as at the end of March 1999, revealed that the foreign beneficial ownership of
      657 words
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      Page 20 Advertisements Column 2
      229 20 Want to talk investments with your peers? Join our forum at http://www.dbs. com.sg/iol/bbs/ 881 XiSBANK "uur aaugnter was reunited witn ner ciog on the very day the ad appeared!" Mrs Christine Low... '"Business picked up after we advertised in Classified. It really works!" Trevor Koh... "It's no secret that The
      229 words
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      Page 20 Advertisements Column 3
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