The Business Times, 27 April 1999
1999-04-27
1
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The Business Times
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Title Section14 1999-04-27 1 THE BUSINESS TIMES MITA (P) 046/12/98 85c SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, APRIL 27, 199914 words
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Article58 1999-04-27 1 0MM8(+4.34) iOnUB(+9.O3) PI ansa mora U HMD (+4.30) HSSS"" 00 MWXMABKBTIimS Monday Change KL8EC0MP 671M +*J8 Jinan imiui -am HAW SENG 13,127.93 +121.71 SET INDEX 416.68 +14JI JAKARTA OOMP 47®.41 -118 MWUCOMP _tW.47 +11.0 TAIPEI WP! 7,129.99 +1129 SEOUL OOMP ***** +2U1 CUSA CHINA B ***** -kl* AUSTALLOBD58 words
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Article81 1999-04-27 1 FOEEX KATES US$ SI USS 1.7M £(USS/S$per£) 1.616 17M EURO(US$/S$ per E) LM1 L8U DM LMS MM YHf liai 1.41k* III UN 9.449 SB 7.7W 0m BAirr 17.71 AMI KJPIAH Sjm OJM* •8$ urn mum rods mm SINGAPORE* 6.828 KUALA LOWS 11.50 JAKARTA J8.M BANGKOK 1475 MANILA JLM BONO81 words
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1191 1999-04-27 1 Eddie Toh, Diana Oon Abdullah - Players expect M'sia back in MSCI indices soon; index seen breaching 700 From Eddie Toh, Diana Oon Abdullah in Kuala Lumpur ANALYSTS yesterday painted a rosy picture for Malaysia's recovering stock market after an international rating agency gave the country a more dramatic1,191 words
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232 1999-04-27 1 R Sivanithy - By R Sivanithy [SINGAPORE] Positive sentiment surrounding the regional recovery story yesterday sent most stock markets soaring, with Malaysia leading the way with a 4.2 per cent jump. Brokers said foreign clients were "rediscovering Malaysia" because of its low interest rate environment and talk that232 words
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497 1999-04-27 1 Conrad Raj - Move comes after court delays decision on Solitaire case By' Conrad Raj [SINGAPORE] SembCorp Industries has decided to make a provision of $150 million above the line for a suit involving the conversion of the vessel Solitaire thus reversing its 1998 profits497 words
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1075 1999-04-27 1 Corinne Kerk - BT check based on 18 selected projects in districts 9,10 and 11 By i Corinne Kerk [SINGAPORE) Prices of condominiums and apartments in the prime districts of 9, 10 and 11 have generally risen in the past six months ago, a selected sample1,075 words
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Page 1 Advertisements
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Advertisement139 1999-04-27 1 mane ADgrwn if hat Response of foreign funds to Allgreen Properties' flotation this week has been so hot that the issue price is being raised 10 to 15% to range between $1 and $1.08, say the issue managers, Pgl7 Tkt Pnperty Oohnnn Lee Han Shih on why the outlook for139 words
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Advertisement33 1999-04-27 1 M'sia gets a two-notch' ratings upgrade, Pg 8 Be wary o/emerging markets, Pg 13 Market reports, Pgs 22-26 Don't miss BT's 26-page Property Supplement. FREE with your copy of BT on April 29.33 words
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Advertisement74 1999-04-27 1 Bungalow prices back to 1994-95 levels, Pg 6 GENEVE j ds/it/jj 7S&O J L.TJ.C Heir to a proud watchmaking tradition M W |g M/O SINGAPORE: Chopard Boutique, Orchard Road no. 02-36, Wisma 65/737 64 51, Fax 65/235 82 00. Dickson shops: The Promenade, Centrepoint, Suntec City shops: Lucky Plaza, Millenia74 words
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Advertisement9 1999-04-27 1 Singapore's key govt services almost Y2K-ready Full report, Pg49 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration404 1999-04-27 2 Carol Eng - Current system does not allow firms to adjust wages quickly: Boon Tang By Carol Eng SUPPORT for a variable component in monthly wages a hot topic to be debated at this year's National Wages Council (NWC) appears to be growing as the government feels404 words
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Article, Illustration360 1999-04-27 2 Clarissa Tan - Service will cat customers' costs by up to 75% By l Clarissa Tan YET another bank, Citibank, has launched an electronic commerce service for transactions between businesses, a service which the bank says will cut customers' administrative costs by as much as 75 per360 words
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Article, Illustration277 1999-04-27 2 Eugene Low - EYE ON THE ECONOMY CPI By Eugene Low WHILE Singapore has emerged from the Asian crisis better than its regional neighbours, its economy remains weak, says Barclays Capital. Although not experiencing the structural problems seen elsewhere in the re- gion, the Singapore economy is suffering aSource: Dept of Statistics - 277 words
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340 1999-04-27 2 Eugene Low - By\ Eugene Low THE Jurong Town Corporation will release 30 to 40 hectares of industrial land in its current financial year, which ends next March. JTC said yesterday an average of 7-10 ha of land will be available each quarter340 words
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429 1999-04-27 4 Incnmbents win despite some nnhappiness over ICPAS' financial position THE new council of the Institute of Certified Public Accountants in Singapore (ICPAS), installed after a raucous election last Saturday, will meet soon to chart a strategy for the future. ICPAS president Tan Boen Eng,429 words
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339 1999-04-27 4 Christopher Tan - Christopher Tan THE authorities will be coming down hard on motorists who continue to ignore warrants of arrest for long overdue parking and traffic-relat-ed fines. Some 53,000 warrants are outstanding, involving 21,000 motorists, said the Ministry of National Development, Ministry of Home Affairs and the339 words
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464 1999-04-27 4 Toh Han Shih - No 100% foolproof approach but there are contingency plans, assures NCB By' Toh Han Shih IN a few months, all key government services and infrastructure will be ready to overcome the Y2K problem, said National Computer Board (NCB) chairman David Lim yesterday at the National464 words
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Article99 1999-04-27 4 IN last Saturday's report headlined "Wet markets to start selling pork next week", we wrongly reported that poultry, beef and mutton stallholders who fail to install display chillers by the deadlines given will lose their licences. It should have read: "Stallholders who do not wish to install99 words
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Article, Illustration420 1999-04-27 4 Lee Han Shih - By. Lee Han Shih HAVING sold off his two Pep-si-Cola franchises in Vietnam and the Philippines in the last few months, local businessman Tony Chew is gearing up to go back into the food and beverage (F&B) business in a big way.CHRIS LOH - 420 words
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341 1999-04-27 4 Tan May Ping - By Tan May Ping ACCORD Express Holdings Pte Ltd has teamed up with Famous Pacific Shipping (S) Pte Ltd to build a $26 million state-of-the-art warehouse at the junction of Simei Avenue and Upper Changi Road. Accord will own 65 per cent of341 words
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320 1999-04-27 4 Karti Sandilya - MAILBAG Karti Sandilya Office of External Relations Asian Development Bank YOUR article, "ADB's new chief stands up to World Bank" (BT, April 6), carried journalistic licence too far. The article talked of "a clash" between the World Bank and the Asian Development Bank320 words
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Page 2 Advertisements
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Advertisement155 1999-04-27 2 Bankw need to catch the global e-commerce tide, Pg 17 PSNS^^TSKTSshipI I RISK U RISK B Price includes: J* Government registration fees for Ist $100,000 A authorised capital ($1200) 1r I Government filing fees for 2 company names J jt 2 persons Memorandum Articles of Association (5 copies) Common Seal155 words
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Advertisement312 1999-04-27 2 f ji\ SOUTHERN ILLINOIS UNIVERSITY Carbondale, Illinois, USA American MBA Internationally Accredited by AACSB 18 months 11 modules 495 contact hours Fully Accredited by NCACS 100% taught by University's professors 2nd Intake in Singapore Starting May '99 r 100% in Singapore Management Education Centre üßmpmßK One of America's 10 Anson312 words
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Page 3 Advertisements
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Advertisement96 1999-04-27 3 ASIAMONEY POLLS HAVE VOTED US No. I in Overall Excellence in Interbank Foreign Exchange in Singapore No. I in Corporate Treasurer's Choice Rank Bank Points Rank Bank Points 1 Citibank 90 I Citibank 47 2 HSBC 74 2 HSBC 14 3 Chase Manhattan Bank 56 3 Standard Chartered Bank 13.596 words
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Page 4 Advertisements
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Advertisement448 1999-04-27 4 PSA plans 45-minute pause for Y2K crossover, Shipping Times Pg 1 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 WANT WANT HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Want Want Holdings448 words
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Advertisement507 1999-04-27 4 WANT WANT HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Third Annual Genera) Meeting of Want Want Hokings Ltd (the -Company") will be held at Hilton Singapore, 581 Orchard Road, Sngapore *****3 on 19 May 1999 at 10.30 a.m.507 words
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FOCUS
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Article, Illustration2098 1999-04-27 5 Anna Teo - How do econometric models 'predict' social and political upheavals? By. Anna Teo [SINGAPORE] HE meteoroloW H gists have f 1 gone way be- yond us," a Federal Re- serve Bank of New York H economist is reported to have said, lamenting how forecasters have fallen behind the2,098 words
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Page 5 Advertisements
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Advertisement44 1999-04-27 5 NOKIA W Connecting People A mobile phone with fax, e-mail, internet and organiser. Features a Communica :or back-lit graphical screen and memory card for 4MB of additional memory. /J^^gy. *{1 Buy It. Sell It. Find It. j^a CLASSIFIED. Cfl// Today For Results Tomorrow. [caxsJ44 words
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FOCUS: PROPERTY
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Article, Illustration510 1999-04-27 6 Ang Wan May - Upturn in the market, although on thin volume, has been most prominent in the last few weeks Reports by. Ang Wan May [SINGAPORE] PRICES of bungalows have risen significantly since the end of last year and are back to 1994-1995 levels, say consultants.FILE PHOTO - 510 words
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243 1999-04-27 6 [SINGAPORE] While the landed residential market as a whole shows strong signs of firming, some leasehold units in new developments have been transacted in the resale market at a loss. A check of caveats for recently sold-out new developments such as243 words
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307 1999-04-27 6 Carol Eng - Early-bird specials being withdrawn progressively By Carol Eng PIDEMCO Land sold about 140 units of its Floravale executive condominium (EC) at its weekend launch. The units went for $360 per square foot on average, with the take-up representing more than one-third of307 words
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Article, Illustration502 1999-04-27 7 Ven Sreenivasan - Group to add five hotels to existing nine by year end By' Ven Sreenivasan [SINGAPORE] Despite being one of the smaller players in the global five-star hotel segment, Regent International Hotels is on an aggressive global expansion programme which will add five more hotels502 words
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Article, Illustration633 1999-04-27 7 Lee Han Shih - THE PROPERTY COLUMN Singapore could go the way of HE as more opt to convert flats and factories into offices By Lee Han Shih HOW much of the 240 million sq ft of offices, 54 million sq ft of warehouses and 780,000 HDB633 words
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Page 6 Advertisements
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Advertisement198 1999-04-27 6 PRIME INDUSTRIAL LAND FOR SALE Address 200 Bedok South Avenue 1 Land Area Approx. 174,246 sq ft Existing GFA Approx. 37,972 sq ft with a redevelopment potential of up to 435,000 sq ft Tenure HDB Leasehold 60 years wef 1 June 1972 Ground Rent 5512.00 per annum Permissible Plot Ratio198 words
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Advertisement101 1999-04-27 6 Brand New Industrial Building atTuasView Square 4-storey factory/warehouse building Good access via PIE/AYE Close proximity to Second Link Land Area 32, 946 sq.ft. Built-in Area 46, 000 sq.ft. Ceiling Height: 6- 7 m y Floor Loading 10-20 kN/m J y Tenure: Private leasehold 60 years No land rent payable SOLE101 words
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Advertisement98 1999-04-27 6 PROPERTY '99 Can the home-buying frenzy last? When's the upturn fa office market? Find out in BTs 26-page Property Supplement Free with your copy of BT on April 29 sense of where they're headed Money Matters Every Wednesday dPjfc l THEBusn^fisp^ k* The grass is always greener on the other98 words
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Page 7 Advertisements
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Advertisement133 1999-04-27 7 For Sale By Tender R ,ide,,,i,l Ewart Park, Singapore Tender closing date: 7 May 1999 Friday at 4 pm For further information, please contact Michael Tan at 5399 826/9208 9563 Sole Marketing Agent *****88 PRIME FACTORY SPACE FOR LEASE Centrally located within Ang Mo Kio Industrial Estate Floor Area Approx.133 words
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Advertisement396 1999-04-27 7 SONY. pcr#e* mi ulw*&»&* I cm Introducing Sony's DigitalB Handycam. B When Sony launched the first JtPM Since DigitalB The secret lies in the head. The dual-speed Bmm camcorder back in 1985, it camcorder records head, to be precise. ushered in a whole new era of Icompletely in digital, home-made396 words
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ASIA ON THE MEND
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509 1999-04-27 8 Diana Oon Abdullah - Agency also says sovereign ratings of Asian emerging nations improving From Diana Oon Abdullah in Kuala Lumpur LONDON-BASED rating agency Fitch IBCA yesterday pronounced a broad improvement in sovereign ratings of Asia's emerging markets, recording positive actions for Indonesia, Korea,509 words
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173 1999-04-27 8 Duff Phelps ups Korea rating to investment grade Bloomberg [SEOUL] US-based Duff Phelps Credit Rating Co said yesterday it upgraded South Korea, becoming the last major ratings agency to return the nation to investment grade in the wake of its 1997 slide into recession. DCR raised the country's rating twoBloomberg - 173 words
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Article, Illustration568 1999-04-27 8 Stability depends on balance of payments, say top officials Reuters [SHANGHAI] China will stave off a devaluation of its currency this year, but uncertainty looms for 2000 as the economy slows, economists and bankers said. An informal Reuters poll of nine academic institutions andReuters; REUTERS - 568 words
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832 1999-04-27 8 Any uptrend set to be offset by desire to keep exports cheap Reuters [SINGAPORE) Asian regional currencies are forecast to be little changed from their current levels at the end of this year, though they will find support from foreign inflows, a regionalReuters - 832 words
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443 1999-04-27 8 Reuters [BANGKOK] The Bank of Thailand said yesterday crippling non-performing loans of Thai banks may have peaked in February, but analysts gave the news a cautious welcome. They said any real easing of bank NPL levels would become more visible in April when commercialReuters - 443 words
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SOUTH-EAST ASIA
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209 1999-04-27 9 JAKARTA AFP AN Indonesian criminal court yesterday ruled it would proceed with the trial of a son of former president Suharto, accused of corruption in relation to a land exchange deal. "In the land exchange, there were a lot of violations ofAFP - 209 words
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67 1999-04-27 9 Reuters [KUALA LUMPUR! Malaysia yesterday protested against a planned visit by the wife of jailed former finance minister Anwar Ibrahim to the Philippines and warned Manila against interfering in Malaysian affairs. Foreign Minister Syed Hamid Albar said his ministry would summon the Philippine ambassadorReuters - 67 words
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356 1999-04-27 9 KUALA LUMPUR Six more charges due to come up in court today Reuters LAWYERS for Malaysia's jailed former deputy premier Anwar Ibrahim yesterday filed a notice of appeal against his corruption conviction and six-year jail term. Lawyer Pawancheek Marican said Anwar's legal team hadReuters - 356 words
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320 1999-04-27 9 KUALA LUMPUR Bangladesh also hit by CIH virus, which is thought to have originated in Taiwan Bloomberg, AFP MALAYSIA'S stock exchange said 12 out of the 60 brokerages in the country were infected by the so-called CIH computer virus, slowing stock trading.Bloomberg,; AFP - 320 words
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Article63 1999-04-27 9 Reuters [SINGAPORE] Singapore has suffered at least 100 cases of the Chernobyl computer virus, affecting some companies' entire networks, state television reported on Monday. The case numbers were compiled from telephone calls to Singapore's National Computer Board and software companies selling anti virus products, it said.Reuters - 63 words
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Article, Illustration347 1999-04-27 9 GLENO, East Timor 5,000 members gather in village for pro-Jakarta rally Reuters THOUSANDS of pro-Jakarta East Timorese, on the eve of talks to bring peace to the bloodied territory, pledged to die to keep their link to Indonesia. About 5,000 members of pro-integrationReuters; REUTERS - 347 words
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Page 9 Advertisements
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Advertisement18 1999-04-27 9 •Tung Centre •Parkway Parade •A-Z Building For details, please contact owner. Tel: 437 6853 437 6872 534 313218 words
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Advertisement208 1999-04-27 9 pjogpapos^ Hk Movu tyiK9> 92 »ywg> M 1 I b"| Y99 I Bfiyiobil l \Wqdbgodos S A first in Asia! Mobil Speedpass is and works through a pager-sized transponder f*"* i M nrton y** Qp—<»—» I L-J FNWSOABI LJ HB6t an entirely new way to fill up, offering using a208 words
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CHINA-HONGKONG-TAIWAN
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479 1999-04-27 10 HONGKONG Record high jobless rate checks spending despite Chinese New Year celebrations Bloomberg HONGKONG retail sales fell to a seven-year low in February, led by cars, jewellery and clothing, as a record-high jobless rate squeezed consumer spending. Sales fell 4Bloomberg - 479 words
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Article, Illustration212 1999-04-27 10 TAIPEI Bloomberg FIVE thousand union employees of Chunghwa Telecom Co jammed telephone lines at key government agencies to protest plans to privatise Taiwan's state-controlled fixed-line telephone monopoly. The union workers called key government agencies' numbers from more than 4,000 cellular phones simultaneously, crashing severalBloomberg; REUTERS - 212 words
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404 1999-04-27 10 BEIJING China is deal not to roll back concessions its made; source Reuters CHINA said talks yesterday with the United States on nailing down a deal for entry into the World Trade Organisation had been "constructive" after earlier discussions yielded little progress. TheReuters - 404 words
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242 1999-04-27 10 BEIJING Govt willing to let investors take control of indebted firms Reuters CHINA will not discriminate against private or foreign investors when it sells off bad debts held by its four stateowned banks, Vice-Finance Minister Lou Jiwei said yesterday. "We will not excludeReuters - 242 words
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218 1999-04-27 10 I SHANGHAI This will help spur slowing foreign investment: report Reuters CHINA will open its doors further in the financial, trade, retail and travel sectors to spur slowing foreign investment, the official International Finance News said yesterday. China's actual foreign investment fell 14.61 perReuters - 218 words
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Page 10 Advertisements
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Advertisement1039 1999-04-27 10 lUs'«V»?jl Tat Lee Bank I Keppel Tat Lee Bank Limited H (Incorporated in the Republic of Singapore) Notice of Annual General Meeting I NOTICE IS HEREBY GIVEN that the 40th Annual General Meeting of the Company will be held at the Conference Room. Keppel Corporation Limited, 325 Telok Blangah Road,1,039 words
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ASIA
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574 1999-04-27 11 SEOUL Says structural reform needed, not lower interest rates Bloomberg THE Korean economy is in danger of overheating unless the government stops artificially reviving demand by driving down interest rates, a state-run think tank warned yesterday. The Korea Development Institute (KDI also urged theBloomberg - 574 words
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334 1999-04-27 11 WELLINGTON A weaker currency and international events lore visitors Bloomberg NEW Zealand tourism companies are reaping the benefits as Asian visitors are returning after the region's economic turmoil kept them at home last year. They're joining an increased numbers of tourists from Australia,Bloomberg - 334 words
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205 1999-04-27 11 SYDNEY AFP AUSTRALIA withdrew its complaint to the World Trade Organisation (WTO) over Japan's rice import tariffs yesterday, saying it wanted to avoid a trade war with Tokyo. Australian trade minister Tim Fischer said Australia was not backing down on the issue andAFP - 205 words
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Article, Illustration338 1999-04-27 11 HONGKONG Reuters VIOLENT labour unrest in South Korea will have to get much worse and more widespread before foreign investors stop investing, fund managers said yesterday. "This is pretty much expected," said John Lai, chief investment officer at Nikko Global Asset ManagementReuters - 338 words
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Page 11 Advertisements
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Advertisement333 1999-04-27 11 YOU'VE GROWN YOUR BUSINESS DESPITE INDUSTRY HICCUPS, DOWNSIZING AND THE ECONOMIC CRISIS. SK9^H^BHHIHhmIB^^^^H ARE YOU ABOUT TO BE UNDONE BY YOUR FINANCIAL SOFTWARE? After everything your business has survived, isn't it ironic that the biggest threat may be lurking down the corridor in the accounting department 7 The truth is,333 words
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REGION/WORLD
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Article, Illustration584 1999-04-27 12 GOVERNMENT W CRISIS Mid-term 6E only after July, when electoral rolls revision is completed Bloomberg, AFP [NEW DELHI] India yesterday announced elections to end the political deadlock following the collapse on April 17 of the country's Bharatiya Janata Party-led coalition government. Indian President KR Narayanan dissolved ParliamentBloomberg,; AFP - 584 words
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444 1999-04-27 12 NEW DELHI Observers warn remarks meant to fuel BJP support AFP INDIA'S economy faces a bumpy ride amid lingering political uncertainty as the country headed for its third election in just over three years, Finance Minister Yashwant Sinha said yesterday. "As far asAFP - 444 words
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362 1999-04-27 12 Annette Pau - SINGAPORE By. Annette Pau AFTER three recessionary years, the global chip market is finally set for recovery in the second half of this year, with revenues expected to grow some 14.6 per cent to US$l56 billion (***** billion),362 words
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Page 12 Advertisements
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Advertisement500 1999-04-27 12 Now you re working wmz harder for W&? your money, ap But what about Jfp§ the money mm you've already Wei made? 9p In these uncertain times, we all have to make The HSBC Asian Growth Fund 1 as the the most of our resources. Especially our money. name implies,500 words
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THE WORLD
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531 1999-04-27 13 WASHINGTON Recent gains in stocks, bonds in these countries may be unwarranted Bloomberg THE World Bank on Sunday warned investors to take a closer look at the economic performance of emerging markets, saying recent gains in stocks and bonds may be unwarranted. "ItBloomberg - 531 words
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WORLD Watch
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54 1999-04-27 13 Reuters [NEW YORK] Federal Reserve Bank of New York president William McDonough yesterday said the odds of a severe stockmarket drop hurting the US economy are low. "The likelihood of a serious problem coming to the US economy from the stockmarket is possible but notveryReuters - 54 words
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Article, Illustration56 1999-04-27 13 Reuters [SLAVUTICH, Ukraine] An Ukrainian girl in the town of Slavutich lighting a candle yesterday at a memorial to firemen who died fighting the Chernobyl nuclear plant accident. Only several dozen relatives of those killed in the explosion 13 years ago turned up early to light candlesReuters - 56 words
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109 1999-04-27 13 AFP [FRANKFURT] The recent decline in the euro against the dollar is not only due to the robustness of the US economy, the slowdown in Europe and the situation in Kosovo, but may also be partly due to the apparent unwillingness of euro-zone politicians toAFP - 109 words
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Article69 1999-04-27 13 Bloomberg [MOSCOW] An explosion ripped through upper floors of the 20-storey Intourist Hotel on Tverskaya Street, Moscow's main thoroughfare, just a block away from the Kremlin, at about 230pm. Police said a bomb had gone off in a service elevator, according to AFP. At least threeBloomberg - 69 words
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299 1999-04-27 13 NEW YORK NYT THE niche market for busi-ness-oriented sites on the World Wide Web is getting a little more crowded. Dow Jones Co, which has attracted 283,000 paid subscribers to The Wall Street Journal Interactive Edition, is introducing dowjones.com, a freeNYT - 299 words
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190 1999-04-27 13 WASHINGTON Bloomberg BELLSOUTH Corp and US West Inc lost a US Supreme Court appeal that could have jump-started legal efforts by regional phone companies to enter the US$7O billion (*****.4 biUion) long-distance business. The high court refused to review contentions byBloomberg - 190 words
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Page 13 Advertisements
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Advertisement8 1999-04-27 13 InroDAY®i^?m rlianhe Zaobao m u m n m8 words
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Advertisement89 1999-04-27 13 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For89 words
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Advertisement142 1999-04-27 13 the loolcs delicious. p] Traditionally delicious leochew favourites, rich in value for money. 55 I per person I"v The best place in town for tradition Teochew food also serves up 113 unbeatable value for money in so many different ways. For example, the JTJIf new Set Menu (minimum 2 people)142 words
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EDITORIAL & OPINION
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Article, Illustration677 1999-04-27 14 Toh Han Shih - THE BOTTOM LINE OPINION By Toh Han Shih The writer isaßT reporter SOME people ask if the Singapore government's US$l billion (Ssl.7 billion) Technopreneurship Investment Fund (TIF) to boost Singapore's venture capital industry and technopreneurs will make money. I would like to pose677 words
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Article149 1999-04-27 14 'It's the most revolutionary thing to happen since the Industrial Revolution there's no question.' John Wdch chairman of General Electric Co, which ranks second in the US by market value, on the Internet. His remarks came a week after billionaire investor Warren Buffett said he doesn't invest149 words
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Article643 1999-04-27 14 EDITORIAL IT is difficult to know whether to treat the International Monetary Fund's (IMF) downgrading of Japan's economic prospects for 1999 as a serious forecast or as a mere policy device. If it is the former, it will almost certainly prove to be inaccurate; if643 words
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Article, Illustration1287 1999-04-27 14 Leon Hadar - Foreign policy is likely to end up as the most important issne in the US presidential race By. Leon Hadar The writer is BT's Washington correspondent POLITICAL pundits in Washington were speculating recently about the issues that would dominate the coming presidential campaign. SomeFILE PHOTO - 1,287 words
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660 1999-04-27 14 Floyd Norris - By. Floyd Norris NYT QUESTION: What do you get when you add two and two? If you think the only possible answer is four, you are obviously not an accountant who specialises in mergers. These days, there can be wildly different answers depending onNYT - 660 words
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Article359 1999-04-27 14 Timoreaa toft out in the cold INDONESIA and Portugal have agreed on the outlines of a plan to allow the people of East Timor to decide their future. The plan has serious flaws. It will require responsible policing to prevent the outbreak of a civil war.359 words
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EXECUTIVE LIFESTYLE
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Article, Illustration641 1999-04-27 15 PEOPLE New book presents surrealist painter as a closet homosexual who loved revered poet Lorca Reuters (GRANADA. Spain) SPANISH surrealist painter Salvador Dali and poet Federico Garcia Lorca could have had one of the great love affairs of the century, according toReuters - 641 words
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Article, Illustration769 1999-04-27 16 CARRIE LEE - Chinese herbalists offer alternatives to the little blue pill and they claim their brews have little risk of unwanted side effects, Carrie lee reports CARRIE LEE Reuter CHINESE herbalists say their traditional medicines are as effective as Viagra in ensuring male sexual potency and there is littleReuter; REUTERS - 769 words
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538 1999-04-27 16 TRENDS NYT [NEW YORK] By producing increasingly violent media, the entertainment industry has for decades engaged in a lucrative dance with the devil. Over the years, parents and consumer groups have continued to sound alarms about the effects that violent films, television andNYT - 538 words
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Page 15 Advertisements
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Advertisement206 1999-04-27 15 Where to wine, dine and entertain,.."" (SI Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. $22 (Adult) #15 (Child) for 4 to 5 persons %20 (Adult) #15 (Child) for 6 persons above For reservations, please call 290 8005/299 9011. Prices mtfot206 words
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Advertisement33 1999-04-27 15 CELEBRATE THE LAST CENTURY WITH DE GRAND I hippy /lams 5. < Hip) ii to l 00pm Dralt Ixit |vr mug: I Ir.ili hot |u r sj i (HI. > free titbits »rr —rs daily.33 words
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Advertisement130 1999-04-27 15 sMmJh js JYU lr<> CITY THAI SHARKSFIN RESTAURANT Braised Superior Shark's Fin w/Crabmeat y Braised Superior Shark's fin w/Crabmeat (i Otypot per person) Braised Whole Abalone WSupreme Mushroom Kat-Lan Sambal Pomfret Prepared m Thai Styte Cnspy Fned GoWen Beancurd Baked King Prawn w/UermiceMi m Claypot Thai Style Pineapple Rice Dessert130 words
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Advertisement157 1999-04-27 15 74* m>» jj I Mteg Special kineh Mpxn v 1 @$4.sonotppr 1 with f(&-Ct10lC6 o) cm or soft drink Tpoehew Fried Kway Teow Mushroom and Chicken Noodle I (§oup/E>ry) iffried2>wTaißak Ipoh tlor Fun J frigd Macaroni I 'price includes service Charge and U I relevant (xwnroent Tax jMf I for157 words
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Advertisement89 1999-04-27 15 I i ass!issf Uml Jwines Sk Australian Wines featured at our restaurants .Hanckirut Sv*paparr 333 Ordunl Road. Singapore *****7 737 4411 732 2361 %£>,. L,y "*o: A mul tMMtt Jl W f Joom liver mJ oyster lovrrt I I |> I J A out tkm. F rom now till m89 words
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Page 15 Miscellaneous
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Miscellaneous1204 1999-04-27 15 CRYPTIC CROSSWORD 7 Torn about a gift, giving perfume (8) 9 Having unfortunately set no H| H| H| IH H| date, made amends (6) BH —Hh —JH IH_JH __JH H^ 10 Abandoned, which isn't f lO 11 11 Secret trust (10) 12 Firm supplying horses (6) h2 14 Learn it's1,204 words
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Page 16 Advertisements
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Advertisement259 1999-04-27 16 MilißffiiiYiii c *ifc s w TgnlWi j_l -*m iA f *r- A I > Jfc Mfe'/.PyiT\ V j^t»«-^^^^Rr 1 A- w% Bk />v JE B 14| ?££&> i w "^^^«^'-'^B^rfSfflHHS ■■L WrX --^i#^Mp^p *JIBi Jp p f x v. BT V r\ 1 1 Bu ®3 .-.»|Ssj¥^js^v.^QdßSfflHßHßE I'|HL •i 1259 words
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COMPANIES & MARKETS
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535 1999-04-27 17 Ang Wan May - Price to go up 10-15% to $1-$ l.OB, bat remains at a discount to RNAV By. Ang Wan May [SINGAPORE] Response of foreign funds to Allgreen Properties' flotation this week has been so hot that the issue price is being535 words
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Article, Illustration490 1999-04-27 17 Umbrella fund to cover 3 global stock and bond sub-funds [SINGAPORE] UOB Asset Management and Citibank unveiled their first joint offering yesterday, launching a partnership that could develop into a new force in the local unit trust industry. The United Millennium Trusts,ARTHUR LEE - 490 words
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571 1999-04-27 17 Catherine Ong - HOCK LOCK SIEW Catherine Ong IT is almost unimaginable in today's world for commerce to take place without the involvement of banks. Their role has become so pervasive that even if a trade is carried out on barter terms, bankers have managed571 words
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254 1999-04-27 17 R Sivanithy - Ry\ R Sivanithy (SINGAPORE) Goldman Sachs and Robert Fleming yesterday joined the growing list of financial institutions that have covered warrants on the local tranches of bank shares. The two houses are issuing zero-strike instruments. For Goldman, its warrant is on254 words
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340 1999-04-27 17 Wong Wei Kong - Efforts underway to sell buildings in S'pore and HE By' Wong Wei Kong [SINGAPORE] Negotiations are ongoing to sell Vikay Industrial's factory building, plant and machinery in China to a Hongkong company, the judicial managers of the stricken liquid crystal display340 words
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COMPANIES
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Article, Illustration552 1999-04-27 18 Quak Hiang Whai - Richard Li's group said to have clinched control ofTricom From Quak Hiang Whai in Hongkong RICHARD Li's Pacific Century Group is expected to make an announcement within days on a backdoor listing in Hongkong with the group said to have clinched552 words
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Article, Illustration381 1999-04-27 18 Eddie Toh - No comment from Securities Commission From Eddie Toh in Kuala Lumpur THE Securities Commission has not executed the warrants of arrest on Soh Chee Wen and Patric Lim, one week after they were issued on the two Malaysian businessmen. Mr381 words
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168 1999-04-27 18 (SINGAPORE] Hongkongbased CM Telecom International, which has a dual listing in Singapore and Hongkong, said yesterday it had agreed to acquire the paging business of Hongkong's Star Paging for up to HK$59 million (Ssl3 million). This will be CM Telecom's168 words
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Article, Illustration375 1999-04-27 18 Rahita Elias - By\ Rahita Elias [SINGAPORE] Listed marketing and distributing group Ossia International's Australian subsidiary, Spank International, is breaking out from Down Under and into new markets such as the US, the UK, South Africa, Hongkong and Singapore. Spank's managing director Ted Baldock said it375 words
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201 1999-04-27 18 [SINGAPORE] Electronic goods distributor Thakral Corp yesterday warned that it probably slipped into the red for the year ended March 31. The company, which had predicted an improved performance for the second half of its financial year in view of the seasonal201 words
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314 1999-04-27 18 Stage now set for OCBC, OUB, OUT to win approval [SINGAPORE] Shareholders of ST Engineering yesterday gave the nod for the company to replace existing share options with new, longer-dated ones, a proposal that has fanned considerable controversy over314 words
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369 1999-04-27 18 Teh Hooi Ling - By' Teh Hooi Ling [SINGAPORE] Four directors of property developer First Capital Corp Ltd (FCC) sold nearly 10 million of the company's shares from April 19 to April 22. Quek Leng Chan, Quek Chee Hoon, Kwek Leng Hai and Sat369 words
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428 1999-04-27 18 Acoustic products maker to also add manufacturing sites [SINGAPORE] Eastern Asia Technology (East Tech), a contract manufacturer of acoustic products, is moving into the retail business in the greater China market and investing US$2.5 million (554.3 million) on expanding its manufacturing operations. The company428 words
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328 1999-04-27 18 Bloomberg [JAKARTA] PT Bakrie and Brothers plans to give its creditors stakes in its most profitable businesses to repay US$l.O2 billion (551.74 billion) in debt, in one of Indonesia's biggest debt-for-equity swaps. Bakrie, one of the country's most prominent nonChinese business groups, intendsBloomberg - 328 words
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COMPANY Briefs
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70 1999-04-27 18 [SINGAPORE] New Toyo International Holdings has announced a 75 per cent drop in group net earnings to $1.95 million for 1998. Turnover dipped 2.6 per cent to $122 million. The main board-listed company attributed the reduced profits mainly to a foreign exchange loss70 words
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Article29 1999-04-27 18 [SINGAPORE] A leading Australian home builder, AV Jennings Home—a subsidiary of Jack Chia-MPH has appointed Louis Milkovits as chief executive and deputy chairman.29 words
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72 1999-04-27 18 Reuters [BANGKOK] Thai Finance Minister Tarrin Nimmanahaeminda said last Friday that Nakornthon Bank pic would have to reduce its registered capital before seeking government help to boost its tier-one capital. Mr Tarrin said the government would help the bank increase its capital by 10 billionReuters - 72 words
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81 1999-04-27 18 AFX-Asia [KUALA LUMPUR] Renong Bhd said yesterday that it would not pay interest on its irredeemable unsecured loan stocks from May 22,1996, to May 21,1999, pending the outcome of its debt restructuring scheme and planned revision to the terms of the loan stocks.AFX-Asia - 81 words
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Article22 1999-04-27 18 [SINGAPORE] DBS Bank director Timothy William Faithful resigned from the board on April 23, the bank announced yesterday.22 words
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52 1999-04-27 18 [SINGAPORE] Venture capital company H&Q Asia Ventures has brought down its stake in Excel Machine Tools to below 5 per cent. H&Q sold 5.1 million Excel shares on April 23 at 45 cents each, cutting its stake to 4.96 per cent from 7.952 words
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INTERNATIONAL COMPANIES
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Article, Illustration555 1999-04-27 19 Can it integrate its businesses into the lean machine Armstrong wants? NYT JUST when you thought that C Michael Armstrong, AT&T Corp's chairman of 18 months, could not possibly bite off another big deal, he does just that, and the masses in theNYT - 555 words
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457 1999-04-27 19 Bat more bullish say upcoming figures already discounted Reuters [TOKYO] Since January, foreigners have poured billion of dollars into Japanese stocks. But do they have the stomach to weather the almost certainly dismal upcoming corporate results? Those who say no fear that manyReuters - 457 words
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COMPANY Briefs
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51 1999-04-27 19 Reuters [CHARLOTTE, North Carolina] First Union Corp has signed a definitive agreement to acquire EVEREN Capital Corp in a US$l.l billion (Ssl.9 billion) stock deal that will form a brokerage powerhouse. The merger will create the US' sixth-largest securities brokerage firm with 6,259 registeredReuters - 51 words
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Article60 1999-04-27 19 Bloomberg [MORRIS PLAINS, New Jersey! Warner-Lambert Co, the maker of Trident gum and Listerine mouthwash, said first-quarter profit rose 36 per cent as it sold more of its biggest product, the cholesterol-reducer Lipitor. Net income rose to US$3Bl.l million (*****.8 million), or 45 cents aBloomberg - 60 words
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Article77 1999-04-27 19 Reuters [NEW YORK] Giant financial services company American Express Co said yesterday its chairman and chief executive, Harvey Golub, would retire as CEO in two years then quit as chairman a year after that. Ken Chenault, 47, who now is president and chiefReuters - 77 words
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51 1999-04-27 19 Reuters [TAIPEI] Investment bank Morgan Stanley Dean Witter said yesterday it had applied to Taiwan regulators to offer stockbroking services to local and international residents. John Wadsworth Jr, chairman of Morgan Stanley Dean Witter in Asia, said Morgan Stanley was considering expanding its TaiwanReuters - 51 words
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65 1999-04-27 19 AFXAsia [SHANGHAI] Five China-listed companies are to receive "special treatment" status from today, after the companies reported net losses for two consecutive years, the Shanghai Securities News said. The companies are Zhengzhou Baiwen (Group) Co Ltd. Baiyunshan Pharmaceutical Co Ltd, Shekou Anda Industry CoAFXAsia - 65 words
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264 1999-04-27 19 Bloomberg [SEOUL] Hyundai Electronics Industries Co said it will seek separate listings for four non-chip units as it merges with LG Semicon Co, its domestic rival, and focuses on its main chip-making business. The units produce thinfilm transistor-liquid crystalBloomberg - 264 words
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424 1999-04-27 19 C&W will use cash to fund bid for IDC, other acquisitions Bloomberg (HAMILTON, Bermudal Global Crossing Ltd, which is building a global phone network, agreed yesterday to buy a Cable Wireless pic unit that maintains underwater cables for £550 million (SSI.S billion)Bloomberg - 424 words
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367 1999-04-27 19 Bloomberg [STOCKHOLM] Deutsche Post AG, Europe's largest postal service by revenue, said yesterday its Danzas Holding AG freight unit offered to buy ASG AB, Sweden's No 2 freight company, for 3.33 billion kronor (*****.1 million) as it seeks to expand itsBloomberg - 367 words
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119 1999-04-27 19 Bridge News [MILAN] The authority which regulates the French communications sector has warned Telecom Italia it will withdraw the fixed-line telephone licence it granted to 9Telecom, controlled by Telecom Italia, if the former Italian monopoly merges with Deutsche Telekom, daily la Repubblica reported.Bridge News - 119 words
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FINANCE & COMMODITIES
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348 1999-04-27 20 First one in Japan since World War II; 10 firms to be grouped under it AFP [TOKYO] Japan's Daiwa Securities Co Ltd yesterday began a new wave of business reorganisation, setting up the country's first holding company since World War 11. Daiwa, Japan's secondAFP - 348 words
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209 1999-04-27 20 AFX-Asia [PARIS] Paribas is keen to buy a "relatively modest" stake in privatising Credit Lyonnais bank, its chairman Andre Levy-Lang said. "We have a significant partnership with Credit Lyonnais, notably with (the consumer credit unit) Cetelem. We would be candidates, but at a relativelyAFX-Asia - 209 words
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Article, Illustration318 1999-04-27 20 Record losses suggest they've dealt with problem loans Bloomberg [TOKYO] Shares of Nomura Securities Co and Japan's two other big brokerages rose after they posted recorjd losses for the year to March 31, convincing investors they've dealt withBloomberg - 318 words
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311 1999-04-27 20 Reuters [SAN FRANCISCO] Bond dealers cautioned that investors are banking too heavily on the stock market to finance their retirements and pledged to educate baby boomers on the wisdom of buying bonds. "With the extended rise in the stock market, many investorsReuters - 311 words
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277 1999-04-27 20 Govt wants financial institutions to be more active in Asia Bridge News [HONGKONG] Joe Hockey, Minister of Financial Services, yesterday said Australia has no plans to change its "four pillar" banking policy. Under the policy, National Australia Bank, Westpac BankingBridge News - 277 words
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Article333 1999-04-27 20 Fall is less than expected as bank cuts foreign exposure Bloomberg [NEW YORK] Bankers Trust Corp said first-quarter earnings fell 37 per cent, less than analysts had expected, on lower investment banking income and higher losses in emerging markets as the company reduced itsBloomberg - 333 words
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SMALL Change
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44 1999-04-27 20 AFX-Asia [SEOUL] Non-permanent directors of Kookmin Bank are demanding the bank renegotiate the terms of the sale of the majority stake to Goldman Sachs, arguing the interest was sold too cheaply, the Jung Ang Ilbo daily said .-AFX-AsiaAFX-Asia - 44 words
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59 1999-04-27 20 AFX-Asia [TAIPEI] The Fidelity group is set to seek approval from the Securities and Futures Commission this week for its plan to establish a securities investment trust company in Taiwan, the China Times reported, citing sources. If approved, the Taiwan unit would beAFX-Asia - 59 words
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76 1999-04-27 20 Bloomberg [BANGKOK] Thailand's National Finance Pic bought LPN Credit Foncier Co Ltd, a defunct mortgage lender, for an undisclosed sum in a bid to boost its capital to qualify for a licence upgrade, Manager Daily newspaper reported yesterday quoting Kiatchai Sophastienphong, the Director of the FinancialBloomberg - 76 words
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35 1999-04-27 20 Bridge News [MANILA] Far East Bank and Trust Co (FEBTC), one erf the Philippines' 10 biggest banks, expects flat growth in its earnings this year compared to last year.—BridgeBridge News - 35 words
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237 1999-04-27 21 Bob Butcher, Jardine Fleming - STMTfIf Reports MSCI Singapore Index Bob Butcher, Jardine Fleming THE MSCI Singapore Index started the day with a mild sell-off after opening at a price of 273.50 in the April contract. The sell-off was sparked by the perception that bank stocks were fully priced237 words
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184 1999-04-27 21 Charlie Kuo Refco Singapore - MSCI Taiwan fixtures Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures slid amid concerns that stocks such as Cathay Life, which raUied 16 per cent in one week, may have risen too much. The AprU '99 contract finished down184 words
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253 1999-04-27 21 ENERGY REPORT Reuters [LONDON] Oil markets retreated yesterday as dealers concluded that there was little justification for further gains in a raUy driven by recent Opec supply cuts. Benchmark Brent blend crude for June eased 20 cents in LondonReuters - 253 words
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Article315 1999-04-27 21 Reuters, Bloomberg London THE feeble tone of the euro against the dollar was reinforced in afternoon trade yesterday after negative comments by German finance officials. But euro/dollar losses would be limited ahead of a meeting of Group of Seven finance ministers and central bankers at 1600 GMT, analystsReuters,; Bloomberg - 315 words
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Article, Illustration1053 1999-04-27 21 DfTERBAMK CROSS RATES Apr 26 EH!— NKS Irxi R« Kupiah Van Won RM H2$ Pa* Ks Ptso S$ Band Sfr NT$ Balrt hmti US$ 2£dT 1039 0%3 £25 SSi V!~ "2 5053 27.973 55.864 0.775 7.733 2.478 1187 33.033 24.762 U12 3.956 0984 ***** 24 586 0 404 OW ST1,053 words
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Article1657 1999-04-27 21 BICOM FUTURES Apr i RU88CR ifetam cloitng «s <t SJOpn) ISS1 CONTRACTS CMts/kg) ClOM VoteoM Opt« H*** 1 law S«tt (toMBM) Iwtoctst •toy99 99.50 SO Jim 99 101.75 ***** 102.25 200 250 103.50 100 775 A*m 99 105.25 100 275 M 107.25 100 *275 Oct/Oec 99 110.00 300 975 KSS1,657 words
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Article, Illustration1381 1999-04-27 22 AFP PiHangSeng +22L72 SHARE prices rose 1.7 per cent yesterday to slam past the psychological 13,000-point level on selective buying of technology and property counters, dealers said. "It seems there is nothing to stop the market from moving on," said Howard Gorges, vice-president of South China Brokerage. He saidAFP - 1,381 words
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Article2142 1999-04-27 22 LONDON j8$V W t Industrial! »m fw< 31 Croup 6-85 -0.11 A B Food* *37 0.11 A B Port* 2.75 -0.07 ANIad Domacq 5-21 unch AUM 2urtch 8J7 0.13 Anglo Amotion Go4d 39.10 0.10 ASOA Croup 1.95 0.03 Bank of Scotland 9.13 0.11 Barclays 19.64 0-31 Bass2,142 words
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Article, Illustration552 1999-04-27 22 Reuters n Shenzhen Binder -0.63 SHENZHEN'S B shares closed lower yesterday as investors were dismayed by poor 1998 corporate results published over the weekend. The B share index fell 0.63 point, or 1.09 per cent, to 57.13 on turnover of HK$l4.7 million, down sharply from HKS6I.I million on Friday.Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 552 words
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Article362 1999-04-27 22 AFP QVF Index +1&28 TAIWAN share prices closed 0.2 per cent higher yesterday on the back of continued bar-gain-hunting for construction, steel and paper issues, dealers said. "Investors are turning to low-priced stocks, hoping to make profits on a bullish market at low costs," said Andy Wei, manager ofAFP - 362 words
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Article1594 1999-04-27 22 AFP □Nikkei 225 -4M SHARES closed marginally lower yesterday after a sudden burst of profit-taking, with the Nikkei 225 Stock Index easing 4.74 points to end at 16,918.51, brokers said. For most of the day the market flirted with the 17,000-point level before heavy selling wiped out 220 pointsAFP - 1,594 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration420 1999-04-27 23 AFP n Composite Index +2(198 MALAYSIA'S key share index ended 4.2 per cent higher yesterday on a buying spree that propelled key stocks to their highest levels this year. "The market is driven by recent positive affirmations by rating agencies," T Loges,AFP - 420 words
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Article8705 1999-04-27 23 ■MSIMMJ Conswwr products 1999 Last Vol Day Mat Cap Law Cinaay Sale •OOP High Law Pft $m« 310 255 Ajinomoto 295 16.3 119.6 83 46 Angkesa 75 6 41 75 70 110.6 283 220 Apollo Food Hlg 260 18 7 260 245 9.0 104.0 204 115 Barjaya Land 160 78,705 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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Article2254 1999-04-27 24 BONDS, LOANS ft WARRANTS w» 92-Wk Last Vol Day Last Quo«» High Low Stna Company Sal* ♦or- COOO) High Low Buyor Sailor Priea 20 3 t 3160 A Acar ******1 US$ 19.5 »Ts 697 20 15 195 20 1 28 4.5 1 3164 Acma ******4 26 *0.5 507 26.5 252,254 words
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Article169 1999-04-27 24 R Sivanithy - WARRANT WATCH -By R Sivanithy THERE seems to be a play building up on US-dollar stocks, judging by the volume done in some counters like Hotung, TAC and Pacific Andes yesterday. Those looking for warrants in this segment would be hard-pressed to find value169 words
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Article224 1999-04-27 24 Or Gr 52 W L*»« V* on Utt Ouott On Mv YM MM M Cap Hl» Um stno Compry U* COOP) Hl» ll» Buyr *—f fw f/t jm* 345 173 5123 COL (2000) M« 330 Cd -15 40 330 330 300 347.5 8 2.4 2.4 16.9 6388 4224 words
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Article292 1999-04-27 24 AFP Wellington +521 NEW Zealand share prices firmed slightly in mixed trade yesterday as Telecom Corp rose 11 cents at NZ$9.4O. The NZSE-40 Capital Index finished up 5.21 points at 2,236.51, with rises outnumbering falls 56 to 44. Yesterday's volume was worth NZ$55 million. —AFP 1 rut Advantog* HDSAFP - 292 words
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Article, Illustration899 1999-04-27 24 AFP SET Index *14.81 THAI shares leapt 3.6 per cent yesterday on hopes the banking sector's crippling nonperforming loans are on the decline, analysts said. Analysts said investors took heart from central bank predictions that NPL levels around 46 per cent would show signs of improvement in the comingAFP - 899 words
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Article390 1999-04-27 24 AFP P| Composite Index +2&31 SOUTH Korean shares rose 3.4 per cent yesterday on fol-low-through institutional buying and an easing of labour concerns, dealers said. "Sentiment is relieved of fears of work stoppages, with Korea Telecom workers calling off strikes scheduled for today," said Dongwon Securities' Kim Sae Jung.AFP - 390 words
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Article669 1999-04-27 24 AFP PfAn ftrdm»rjeB +&Q SHARE prices closed up marginally in quiet trade yesterday with most of the country observing the Anzac Day holiday, brokers said. The All Ordinaries Index closed up 8 points at 3,129.7. The All Industrials Index closed up 9.2 points at 5,556.5. The All Resources closedAFP - 669 words
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Article, Illustration690 1999-04-27 24 AFP P Composite Index -3JB INDONESIAN shares closed 0.7 lower yesterday on profittaking, led by banks, but with the index cushioned by selective foreign buying in large caps, dealers said. The sales director of a local brokerage said local investors had started to liquidate their exposure in stocks aheadAFP - 690 words
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Article317 1999-04-27 24 AFP 13 Manila +ILO PHILIPPINE share prices closed 0.5 per cent higher yesterday following a cut in interest rates which provided additional liquidity. The Composite Index added 11 points to 2,395.47. A total of 874.44 million shares worth 2.6 billion pesos were traded, compared to Friday's 1.54 billion sharesAFP - 317 words
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6974 1999-04-27 25 Transaction date: Apr 2C Gr Gr M Wt S2-Wk Lilt Vat Day Last Oust* Otv W* YJJ Njj Ca# Avj hh» l— itm ci—my sn COOP) mni l— imw wo cw W» *****> MULTHMMfSTKY 120 17.5 m b 1000 Acma 50c 101 cd unch6,974 words
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Article1318 1999-04-27 25 Or Or M Wt 32-Mk Last Vai Day LMt Ouata Ot* OK VM Nat Cap An Law «tW Ciwpaay %t» rooot t— *»H> »—»r Cw P/t W M» mmnamm S 8. S fr a XI 234 as e 2001 Aslamatrii 50c MO -2 51 142 138 139 142 40.61,318 words
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STOCK EXCHANGE OF SINGAPORE
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Article401 1999-04-27 26 EHDB^HB StidB W— Ossia Intl 10c 27,039,000 IPC Corpn 5c M,864,000 Pac Andes US20c 14,134,000 Labroy M 20c 13.539,000 Eng Kong 10c 11,977,000 Twinwood 5c 11,887,000 OUB D6 eCW*****5 11,751,000 Eastern Asia 10,560,000 SingTel 15c 9,612,000 LionAsiapac25c 8,904,000 Stocks 0C8C Foreign 48,669,383 DBS Foreign 45,434,594 SingTel 15c 29,301,602 City Dm401 words
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Article, Illustration651 1999-04-27 26 R Sivanithy - STOCK MARKET COMMENTARY US-dollar issues rise on high volume; market in for test of resilience as contra players mnst bail oat this week or face forced selling By R Sivanithy SECOND liners were clearly the market's favourites yesterday as blue chips651 words
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ON THE GRAPEVINE
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Article103 1999-04-27 26 AN OCBC Bank middle manager says that contrary to market talk, morale at the bank is more than fine despite the departure of a few of its top-level people some months ago. "How can morale not be good? Perhaps among the top people, but for103 words
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Article94 1999-04-27 26 PLASTIC pipe maker V icplas International kicked off its market debut last Thursday with an opening trade of 38 cents —not bad for an issue which was offered to subscribers at 13.5 cents. But for those who hung on for the day's ride, there94 words
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94 1999-04-27 26 THE Low family may raise its 17 per cent stake in listed Ho Hup Construction, a 32.5 per cent associate of troubled United Engineers Malaysia. This is because UEM may unload a big portion of its shares in Ho Hup to help94 words
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Article99 1999-04-27 26 WATCH out, Sing Net and Pacific Internet. CyberWay is all set to shake the cosy "virtual" duopoly that the two seem to enjoy thus far. CyberWay's new boss, Tan Tong Hal, told us that one can't build a business just by providing Internet dial-up99 words
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Article119 1999-04-27 26 THE chief executive of NTUC Income, Tan Kin Lian, recently told a BT reporter about his belief in four levels of communication. The first level—and the lowest —is when we communicate from our own perspective and the other party may not understand us. The second119 words
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Article, Illustration69 1999-04-27 26 Wong Wei Kong - -By Wong Wei Kong OSSIA International closed down $0,015 yesterday at $0.25 with 27 million shares traded, including 20.7 million units transacted as a block. This compares with its 10-day traded average of 878,200 shares. The technical indicators such as the RSI and Stochastics show the stock on69 words
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Page 17 Advertisements
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Advertisement196 1999-04-27 17 IIH Theatre fm/K awed international the most innovative choreographers, designers and dancers known in the world of ballet. Movado Watch decade-long role as a principal benefactor of ABT. I JMHttHtm Throughout its history, Movado has been recognized for its innovation: 99 patents; over 200 international awards; watches in museums on196 words
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Page 19 Advertisements
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Advertisement47 1999-04-27 19 i /^Tamnowat^x (OUB Centre) Visit me and watch "Forces Of Nature" for FREE* i&j MflSE' JHrL^ AAO/ DISCOUNT *FREE MOVIE TICKETS aU/o store wide With purchase of $100 or more j in a single receipt. For all regular merchandise. (Whilst stocks lasts) OFFERS TILL 9 MAY 9947 words
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Page 20 Advertisements
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Advertisement903 1999-04-27 20 S3 ill THE FUJI BANK, LIMITED (Incorporated In Japan) Non-Consolidated Balance Sheet Non-Consolidated Statement of Income As at March 31,1998 For year ended March 31,1998 Millions of yen Millions of yen ASSETS 1998 1997 INCOME 1998 1997 Cash and Due from Banks 2,749,927 4,320,845 Interest Income: Call Loans afld Bills903 words
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Page 22 Advertisements
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Advertisement159 1999-04-27 22 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF SWEE SIONG PTE LIMITED (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act Cap. 50 the Final Meeting of Members of the Company159 words
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Advertisement110 1999-04-27 22 NOTICE IS HEREBY GIVEN that I, SOH AH CHOO, ALICE of Blk 178 Woodlands St 13 *07-297 Singapore *****8, have applied for a Retail Beer Shop Licence in respect of M/s Boon TV Video Service Centre located at 205, Balestier Road, Ruby Shopping Plaza 81-30 Singapore *****2, and that this110 words
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Advertisement107 1999-04-27 22 NOTICE IS HEREBY GIVEN that I, TAN CHYE KWEE of 971-C Upper Changi Rd North, Changi Garden Singapore *****8, have applied for a Beer House, First Class licence in respect of M/s Aikma Restaurant located at Blk 262 Jurong East Street 24 *01-485, Singapore *****2, and that this application will107 words
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Advertisement104 1999-04-27 22 NOTICE IS HEREBY GIVEN that I, LIM CHEW KOON of Blk 22, St George's Road, #17-180 Singapore *****2, have applied for a Beer House First Class licence in respect of M/s Bencoolen Seafood BBQ Kitchen located at 131 Bencoolen Street Singapore *****9, and that this application will be considered by104 words
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Page 23 Advertisements
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Advertisement31 1999-04-27 23 Classified First. Want to get a laptop? Or simply get computer savvy? Log on to the best site: Check The Straits Times Classified First. CATS. Buy H Sdl H Find It31 words
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Advertisement101 1999-04-27 24 NOTICE IS HEREBY GIVEN that I, LUYONG KUNAKSORN of 42 LorSC Tclok Kurau Singapore *****4, have applied for House Second Class Licence in respect of M/s A-Roy Thai Restaurant located at 109 North Bridge #04-s>6 FunanThe IT Mall Singapore *****7, and that this application will be considered by the Liquors101 words
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Advertisement102 1999-04-27 24 NOTICE IS HEREBY GIVEN that I, LUYONG KL®AKSORN of 42 Lor G Telok Kurau Singapore *****4, have applied for a Public House Second Class Licence in respect of M/s A-Roy Thai Restaurant located at 81 Upper East Coast Road Singapore *****0, and that this application will be considered by the102 words
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Advertisement108 1999-04-27 24 tivwdiiMiamiuiiMc NOTICE IS HEREBY GIVEN that I, LLM CHEE KEONG of Blk 43 *02-191 Lengkok Bahru Singapore *****3, have applied for a 2nd Class Public House Licence in respect of M/s Hamburger Hill Restaurant located at 25 Church Street Capital Square 3 01-02 Singapore *****2, and that this application will108 words
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Advertisement102 1999-04-27 24 NOTICE IS HEREBY GIVEN that SER HOCK of Blk 104 #11-66 Itenderson descent Singapore *****4, have applwd for a Wholesale Liquor Shop Licence in respect of M/s Era trade Commercial Services located at Blk 4008, Depot Lane #01-96 Singapore *****2, and that this application will be considered by the Liquors102 words
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Advertisement2022 1999-04-27 26 Toothache? See your dentist. Investment advice? You need DBS investor Online. Get the Best. Cal 438-1188 :oday >I<[)USBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ARLEC ELECTRONIC PTE LTD (IN LIQUIDATION FINAL2,022 words
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Advertisement118 1999-04-27 26 NOTICE IS HEREBY GIVEN that I, LIM HENG HUAT of Blk 637 Bedok Reservoir Road #12-35 Singapore *****7, have applied for a Wholesale liquor Shop Licence in respect of M/s Dawyn Impex Pte Ltd located at 10 Arumugam Road 03-00 lion Industrial Building, Singapore *****7, and that this application will118 words
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