The Business Times, 4 May 1996
1996-05-04
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The Business Times
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Title Section13 1996-05-04 1 THE BUSINESS TIMES MITA (P) 046/12/95 Internet- http://www.asial.com.sg/biztimes SINGAPORE WEEKEND EDITION, MAY 4-5,199613 words
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Article17 1996-05-04 1 QSR.B, Hi MMI M aaMftiK) f 'WMBfc Ki* i Mi* Ckuff jgjgftMP 117&« '1.1% .44.7#17 words
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Article38 1996-05-04 1 U» m uk tsi —-Li* iin 61 1 iS lS MH AM SKS —Am 4.182 loruiM_ um im mmm. Ml—*2 Q*r— iui tOtYO-- IM «oui_ ,r W iwftp i i,,"-1 m M—a> m «3EBBfi2K (Source: NatWest Bank)38 words
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531 1996-05-04 1 Quak Hiang Whai - Cempany plans te diversify fnnding base and expand into inS-Eisia From Quak Hiang Whai in Hongkong GUANGDONG Investment Limited (GDI), a Hongkonglisted investment vehicle of the Guangdong provincial government, plans to expand its business into Singapore with an eye to a listing on the531 words
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322 1996-05-04 1 Premier intends to debate the iarae ia ParUuMat m May 21 [SINGAPORE] Prime Minister Goh Chok Tong has asked the Accountant-General to return to Senior Minister Lee Kuan Yew and Deputy Prime Minister Lee Hsien Loong the322 words
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351 1996-05-04 1 Kevin Sullivan - Company to test Internet pilot scheme in Republic By] Kevin Sullivan [SINGAPORE] The Republic will play a leading role in defining Sony Corporation's global strategy for the next half century, Sony's new managing director here said yesterday. Koichi Tsunoda, who took351 words
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Article, Illustration293 1996-05-04 1 Reuter [NEW YORK] Former Federal Reserve vice-chairman Alan Blinder said on Thursday that, given the level of resources utilisation, the US economy cannot keep on expanding at the rapid 2.8 per cent pace of the first quarter. "That is a surprisingly strong report, almostReuter - 293 words
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Article, Illustration351 1996-05-04 1 Abdul Hadhi Ven Sreenisivan - Byl Abdul Hadhi Ven Sreenisivan [SINGAPORE] Property stocks were edgy yesterday as investors weighed National Development Minister Lim Hng {Clang's remarks that foreign buyers were not the main cause of Singapore's property price increases but that the government was closely monitoring the351 words
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Page 1 Advertisements
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Advertisement57 1996-05-04 1 usavc Meet Goh Geok Khim, the founder and managing teßgerofGKGoh 0030-year bonds having teHKbedm. toothers might Ma* Ms 9 earlier in the baa now said why it is aowiy investing tram Behavior Technology, but QBGUKUIIK hubs* hi m&mm- jv JA ifareanrt ■arabofflah XBDQCtS OQ haWTftswwnfecing. J*RSCW/^!WANCE <>o«Lo """"lIIIII'II* Z2F88TYLE......... 17-M57 words
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Advertisement9 1996-05-04 1 April Job growth well below analysts 'forecasts, Pg 79 words
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Advertisement11 1996-05-04 1 H&jpr \s*~* > f /^aH F JT' BPjßgM|w^CT||BM^^^ry. »ty*3ll?fr'y <^3&*#&', T.»fft* ~<" w^3wHPBF11 words
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Advertisement8 1996-05-04 1 ministerls reply to property questions in parliament, Pg28 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration473 1996-05-04 2 Lu Ning - US$3O-50m scheme draws positive response in early talks; Sitic sets op Singapore subsidiary By] Lu Ning SHANDONG International Trust and Investment Corp (Sitic), the investment arm of the Shandong government, plans to launch a US$3O-50 million investment fUnd in Singapore this yearCHRIS LOH - 473 words
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269 1996-05-04 2 HIGH unemployment in the industrial countries has led to growing regional protectionism, which is likely to undermine the gains being made in Asia, an Australian economist said yesterday. Professor Helen Hughes, a former World Bank economist and currently a senior fellow at the Institute269 words
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343 1996-05-04 2 Soh Tiang Keng - Shopoet links retailers to suppliers, reduces paperwork and labettr casts By\ Soh Tiang Keng SHOPNET a new computer network to help grocery shops boost sales and productivity by linking retailers to suppliers was launched yesterday by Minister of State for Trade343 words
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Article667 1996-05-04 2 We reproduce below in full National Development Minister Urn Hng Kiang's reply in Parliament on Thursday to two questions: +Will the minister consider introducing measures to curb property speculation such as imposing a levy on foreigners buying property in Singapore? +Is there a need to667 words
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Article235 1996-05-04 2 SENIOR Minister Lee Kuan Yew, who had a second operation in March to clear a blocked heart artery, leaves for Boston tonight for a check-up. The Prime Minister's Office said yesterday that Mr Lee will be accompanied by his wife, primary physician John Wong and235 words
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218 1996-05-04 2 NEWLY-incorporated Panasonic Singapore Laboratories (PSL) is shifting its research focus from audio and video coding to multimedia and vision technologies in a $30 million programme over Ave years. It announced yesterday it would focus on areas such as digital video disks (DVD), digital broadcasting via218 words
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Article1193 1996-05-04 2 an man eta man etp som wss yum ooo MM* S0230 1630 Hi CM MM VW741 1310 VW740 MO QUI WO EK72 1730 S0I74 MS Amu KJW7 0130 SOI73 1900 PC73 2340 Aattartfaa RLM3 0455 BIN 2300 Nm|Rm| SOI IBS IIMM 0700 S0/DL2S 0650 S0346 23301,193 words
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Page 2 Advertisements
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Advertisement407 1996-05-04 2 executive' TO ADYERTISE CALL TOLL-FREE 1800-741 1883 5530,000 5550,000 Miwimmm Imcomt Within J mamtkt ptr project Aptfwgt 2 m 3 projects pcryoor. The coaapany intrmdr to develop and manage Singapore-style food ad entertainment centra in China's 30 provinces and cities within die next 10-13 years. It requires suitable aad qualified407 words
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Page 3 Advertisements
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Advertisement441 1996-05-04 3 OllK For the sophisticated investor, ICS Money Besides equity market diversification, the fund also invests life insurance protection up to 1.25 times your initial Manager puts portfolio diversification, control and in bonds and other income generating securities investment or the bid value of your units, whichever is flexibility within easy441 words
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FOCUS: PERSONAL FINANCE & INVESTMENT
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BULL'S EYE
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Article, Illustration585 1996-05-04 4 Those polled fix* their views on the Singapore stock market's outlook in the week ahead are: Alliance, ING Barings, Daiwa Securities, GK Goh, Deutsche Morgan, Nomura, Phillip, Merrill Lynch. tafcranOHV ♦Most of the negative news concerning Sembawang has been discounted as its share price did not suffer585 words
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Article, Illustration539 1996-05-04 4 Liew Yin Sen - Liew Yin Sen i|" AKING sense of the IVI Mala sian econoIXA my and the course of policy actions (or a seeming lack of it) has never been easy for many observers. But it is now increasingly clear to us that policy-makers are once again on top539 words
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Article, Illustration1232 1996-05-04 4 Shahiron Sahari - Australia may beckon but NZ property market conditions make Auckland among most attractive in terms of capital gains By\ Shahiron Sahari [SINGAPORE] J* OME destinaM tions are great for holidaying but not so great I to live in. 1 New Zealand, Ik W it wouldSource:; ALLAN - 1,232 words
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473 1996-05-04 4 Lee Yoko Har - By Lee Yoko Har TWO broking houses HG Asia and DBS Investment Research reckon current prices on the Singapore market may not be sustainable, citing the relative maturity of the local economy. HG Asia has recommended that investors underweight Singapore stocks in the next six473 words
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Article, Illustration399 1996-05-04 4 Shahiron Sahari - TknahMenh Country Club again the biggest gainer By\ Shahiron Sahari THE Business Times Golf Index saw no real gain in April, but thankfully for most investors, it didn't Call either. Instead, the index, which tracks the advertised membership prices of eight local golfALLAN - 399 words
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Article558 1996-05-04 4 Al Labita - Attractive returns spur foreign buying averting the 'great correction' seme kai anticipated From, Al Labita in Manila PHILIPPINE stocks, given their high valuations, look overdue for a major correction. But strong foreign buying has kept these stocks on an upward trek, analysts said. The 30-Bhare Phisix558 words
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Page 5 Advertisements
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Advertisement228 1996-05-04 5 THE ONLY 2-LITRE SEDAN WITH ALL WHEEL DRIVE Only Subaru offers the highest active and passive safety features plus a personal insurance coverage of $1.000.0001 Whafs more, to commemorate Hie launch of our new car, we are giving $10,000 worth of accessories and goodes FREE! 1 -Year Road Tax Walnut228 words
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REGION
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408 1996-05-04 6 KUALA LUMPUR Focus on increasing productivity with better skilled labour and technology AFP MALAYSIA'S new economic blueprint to be unveiled next week is expected to apply gentle brakes to surging growth while pushing the service sector and an inadequate labourAFP - 408 words
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326 1996-05-04 6 JAKARTA Reuter AFP INDONESIA'S President Suharto said yesterday he had been deeply affected by his wife's death but would continue to ftilly perform state duties. The comments, broadcast on state-run television, were Mr Suharto's first public reaction to the death of his wifeReuter; AFP - 326 words
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Article, Illustration39 1996-05-04 6 [BANGKOK] A surveyor looks down at a statue of a mythological beast, while holding a surveying rod atop a concrete pylon yesterday as he works on the construction of the capital's elevated rati system. AFPAFP - 39 words
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227 1996-05-04 6 Quak Hiang Whai - From Quak Hiang Whai in Hongkong IF YOU are offered General Motors Corporation share scrip at an unbelievable bargain or as a collateral for loans, check twice before committing your money. Cancelled GM common stock scrip which were stolen two years ago have227 words
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234 1996-05-04 6 TAIPEI Reuter TAIWAN expressed regret yesterday over China's rebuff of its latest initiative to end a festering stalemate and urged its communist rival to embark on a "new path" towards renewed talks and better ties. "The Chinese communists are conjuring up too many obstaclesReuter - 234 words
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357 1996-05-04 6 SEOUL There are structural weaknesses in its banking system FT SOUTH Korea is viewing with alarm the banking crisis in Japan, fearing its own banking system may be engulfed by similar troubles. Seoul now appears set on cleaning up the balance sheets ofFT - 357 words
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93 1996-05-04 6 NEW DELHI Bernama-PTI GOPAL Krishna Gandhi, grandson of Mahatma Gandhi, has been appointed new Indian High Commissioner to South Africa exactly a century after his grandfather began law practice and launched civil disobedience movement in the former apartheid regime. Mr Gandhi, who succeedsBernama-PTI - 93 words
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331 1996-05-04 6 KOTA KINABALU Reuter THE head erf Malaysia's Sabah state government has resigned in line with a promise made to share the job among the state's three main ethnic groups, Deputy Prime Minister Anwar Ibrahim said yesterday. Prime Minister Mahathir MohamadReuter - 331 words
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165 1996-05-04 6 JAKARTA Reuter INDONESIA will issue new fiscal, monetary and administrative policies for selected labour-intensive industries in a bid to boost exports, Bisnis Indonesia reported yesterday. The newspaper quoted Trade and Industry Minister Tungky Ariwibowo as saying that the new fiscal policies would include regulationsReuter - 165 words
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NOTE Book
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55 1996-05-04 6 Reuter [CANBERRA] Australia's military will boo* its contort capability, including beefing up ofhhore fighting ferns, to kesp pace with Asian powers locked In an arms-buying spree, the new conservative government said yestardty"We will increase combat elements and capability by carefully redirecting resources," Defence Ministsr ian McLachlanReuter - 55 words
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54 1996-05-04 6 Reuter [TORONTO] Hongkong Governor Chris Patten said on Thursday that Canada's growing community of Hongkong emigrants is hoping that the freedom snd economic viability of the colony will remain intact after the lfl(W handover. He was completing the Canadian leg of a 104 ay ijReuter - 54 words
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76 1996-05-04 6 AFP [NEW DELHI] A controversial Hindu guru who counts Prime Minister P VNarasimha Rao among his followers has been arrested for alleged swindling, news reports said yesterday. Chandraswami was arrested by Central Bureau of Investigation officers in a Madras hotel on Thureday. He had allegedlyAFP - 76 words
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69 1996-05-04 6 Bloomberg Business News [SYDNEY] The Australian government plan* to encourage new stevedoring companies to operate on Australia's waterfront in a plan to break the power at the Maritime Union of Australia, Th* Sydney Morning Herald reported. Transport Minister Jo)m Sharp said companies wonldBloomberg Business News - 69 words
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64 1996-05-04 6 Reuter [KUALA LUMPUR] The government may intervene to settle the price thatTenega National Bhd has to pay tor power from the Bakun dam, said Leo Moggie, Energy, Telecommunications and Posts Minister, yeetettSay. TenagaU in drawn-out talks with Bakun Hydroelectric Corporation over theReuter - 64 words
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Page 6 Miscellaneous
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Miscellaneous364 1996-05-04 6 THE WEATHER Btaqppor« Showers over a few areas around midday. Temperature (32-25) < s2j 2S2SL Smm < sZ» Trnm Ate* *15 Shown Baem Am *13 S NN 5£ 2" 1 Hil Skamn n*"* am Cloudy ■«*«r tl/n dowdy Bm nm Shown HawcS* J7/M Bmm g—* \V*l Ckwfcr tatfa V/tX Chmi,364 words
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REGION/WORLD
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Article, Illustration460 1996-05-04 7 Neil Behrmann - LONDON Tories trounced in local elections; PM says he won't quit By\ Neil Behrmann BRITISH Premier John Major said yesterday that he intends holding a general election in 1997, after his party was trounced in the local government contest this week.REUTER - 460 words
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310 1996-05-04 7 PARIS Reuter THE secretary-general of the Organisation for Economic Cooperation and Development (OECD), Jean-Claude Paye, said that the rich nations' think-tank is forecasting that France and Germany will show public deficits of above 3 per cent of their gross domestic product in 1997.Reuter - 310 words
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Article129 1996-05-04 7 TAIPEI AFP TAIWAN'S ruling nationalist Kuomintang (KMT) party plans to invest NT$22 billion (551.14 billion) to build a railway in Australia, the China Times said yesterday. The planned 1,400 km railway linking Darwin and Alice Springs in the Northern Territory will be completed in fourAFP - 129 words
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WORLD Watch
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95 1996-05-04 7 Reuter [BRUSBELS) The European Commission said yesterday it was launching a (totalled competition probe into the merger of Swiss pharmaceutical giants Sandoz AO and Ciba-Oeigy AG. The rare move to open a four-month probe, which happens only in one in every 10 casesReuter - 95 words
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72 1996-05-04 7 Reuter [STOCKHOLM] Russian Prime Minister Viktor Chernomyrdin said yesterday he did not believe the Baltic states would join Nato but ruled out any military action against them if they did. "We are categorically against the expansion of Nato (eastwards)," Mr Chernomyrdin said, addingReuter - 72 words
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398 1996-05-04 7 WASHINGTON Only 2,000 more jobs last month against expected 117,000 Bloomberg Business News US JOB growth stalled in April as manufacturers and construction companies cut jobs, Labour Department figures showed yesterday. Last month's gain of just 2,000 jobs, which could send US InterestBloomberg Business News - 398 words
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Page 7 Advertisements
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Advertisement517 1996-05-04 7 THE BUSINESS TIMES LIFESTYLE EXCLUSIVE A GIFT OF A WATERMAN IS TRULY A PLEASURE TO RECEIVE. (Especially when it is a soficfyofomasterpiece worth $15,450. top ma solid gold Man 100 Fountain Pen Today, gift giving has become an important worth $15,450. Specially created for Waterman's centenary, this is perhaps concern.517 words
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COMPANIES & MARKETS
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404 1996-05-04 8 Ho Kay Tat - Company and its backers now have a 50J% stake in PHB in their bag From] Ho Kay Tat in Kuala Lztmpur MALAYAN United Industries Bhd (MUI) appears set to take control of property and stockbroking group Pengkalen Holdings Bhd404 words
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Article, Illustration200 1996-05-04 8 AFP [JAKARTA] A Arm set up by Indonesian President Suharto to finance the development of Indonesia's first jet aircraft has already sold 95 per cent of its 400,000 shares to the public, Bisnis Indonesia said here yesterday. "What is certainAFP - 200 words
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Article91 1996-05-04 8 Bloomberg Business News [BANGKOK] Thailand's Total Access Communication pic shareholders approved a plan for the company to sell up to US$l billion (Ssl.4 billion) in debentures to fluid mobile phone projects. Terms and timing of the sale would be decided by the directors and depend onBloomberg Business News - 91 words
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726 1996-05-04 8 Lee Han Shih - HOCK LOCK SIEW Lee Han Shih PERHAPS the best thing the government can do is to end Singapore Telecom's monopoly not in the year 2007, nor in 2002, but right now. The simple reason is that the undertaking to protect Sing Tel when726 words
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465 1996-05-04 8 Ho Kay Tat - Lim Kim Bong feilad to get PUB'* backing Moras From Ho Kay Tat in Kuala Lumpur MALAYSIAN businessman Lim Kim Hong has failed to wrest back control of Kanzen Bhd the mattress and steel pipe company he founded but sold off two465 words
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Article217 1996-05-04 8 Bloomberg Business News [KUALA LUMPUR) Berjaya Leisure Bhd, a real estate company with interests in gambling, said it made a MJ132.2 million (5174.3 million) gain from selling part of its stake in a subsidiary. Berjaya Leisure said it sold a 4.1 per cent stakeBloomberg Business News - 217 words
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266 1996-05-04 8 Reuter [SINGAPORE] South Korea's Hansol Paper Co Ltd and a Singapore-based paper maker, Asia Pacific Resources International Holdings Ltd, yesterday signed an agreement to open a US$6OO million (SIB4O million) paper plant, one of Asia's largest, in Indonesia, company officials said.Reuter - 266 words
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140 1996-05-04 8 Bloomberg Business News [TAIPEI] Wearnes Technology Ltd has notified Taiwan's Securities and Exchange Commission of its plans to sell one million shares in computer equipment maker Behavior Technology Corp, the commission said in a statement. It was the third time in the past month thatBloomberg Business News - 140 words
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Article, Illustration195 1996-05-04 8 [SINGAPORE] Architect businessman Albert Hong has quit his posts at the L&M group's Malaysian operations, together with his resignation from holding company L&M Group Investments (LAM). L&M Corporation (M) Bhd (L&M Corp) said Mr Hong resigned as deputy chairman and director of the company195 words
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COMPANY Briefs
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Article57 1996-05-04 8 directors—Phan Sin Chong. Chua Phuay Heeandl Yeo Wee Kiong—to its board, with effect from next Monday. Mr Phan to director of engineering at National Semiconductor Asia Pacific, Mr Chua is an executive vice-preeident of Tat Lee Bank, and Mr Yeo is an executive director with57 words
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62 1996-05-04 8 [SINOAPORK] Ho Wah Genting International will sail its 63 per cent stake in Horitech to ICI Australia Investments Proprietary Ltd for M*662,500 (*****.457). The disposal will give Ho Wah Genting an extraordinary gain of about 5530,000. Ho Wah Genting said Horitech's finances62 words
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Article54 1996-05-04 8 (SINGAPORE) Parkway Holdings said its subsidiary Gleneagles International Pte Ltd (GlPL)has subscribed for another 51,000 shares of fl each in GIPL subsidiary (OPT) Twoo<h4r GDI shareholders had slso subscribed fbr another GDI shares in total will be used for working capital for GDI, which develops54 words
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42 1996-05-04 8 [SINGAPORE] Developer Lim Kah Ngam's Malaysian operation Augustisnd >Bdn Bhd has raissd its investment Hotel &h> Rhri hy mihmrHhing fr>r ipiQther 3.6 million redeemable {deference shares. Augustland now owns 45 per csnt of Augustland Hotel.42 words
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Article35 1996-05-04 8 [SINGAPORE) Furniture concern Hwa Tat Lee is stepping up its presence in Japan with a newly incorporated subsidiary, HTL Japan, with an authorised capital of 40 million yen (*****.800).35 words
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INTERNATIONAL COMPANIES
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320 1996-05-04 9 Move to form a £5.4b life and general insurer called Koyal Sun Alliance Bloomberg Business News [LONDON] Royal Insurance Holdings pic and Sun Alliance droup pic plan to merge and form a £5.4 billion (5511.35 billion) life and general insurer called RoyalBloomberg Business News - 320 words
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Article136 1996-05-04 9 Reuter [HONGKONG] Conglomerate Hutchison Whampoa plans to seek US$l billion (Sfl.4 billion) via a term loan facility, bankers said. They said Chase Asia and HSBC Investment Bank Asia have been mandated arrangers and joint bookrunners for the deal. The facility has two tranches. The first trancheReuter - 136 words
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COMPANY Briefs
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44 1996-05-04 9 Reuter tBONOKdNO} TVB (Holdings) Ltd said fwterday Run g|fe t Run Sbawpulretigned as chairman with aflfcetfirotn April M m ftlkmiiiitho company's acquisition by South S wHlllllg PINK LW (BvMP)t TVB^ dliwtofi ChyeKuok Klwwi Ho» luui (mb tftfffttlitwf chairman, itsafct—i'teufcrReuter - 44 words
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50 1996-05-04 9 AFP m&VTQOVt ttTfca f*il.i»«iiit«ii I run —A* [MKUtBMwJ TfllWWyfliß UHHIBaIIOB UtO Cttty QUI KB in-deptn investigation into the competition ppciooM ptopoeed smtdw between SwlUorlßiid iCilMhQct|]fBQd The merged operation, to wffl abo be the leadbf worldwide supplier of crop v |g j protection products,—AFPAFP - 50 words
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Article40 1996-05-04 9 Bloomberg Business News Band unbtfTHiting compsn)l|^l jf ftilTy mmpltarf with If* niMkr il) toy |f|tif »o wA ftw?«irrfd tpyyw l ff* Hf^^ll i *y 'jg 4%< ftffcm r Ttm ■a JW ltfe>i 'i n -> jWMKp^iNMfiiMFyjNitfßMiK^Bloomberg Business News - 40 words
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35 1996-05-04 9 Bloomberg Business News mainly m because of a US$BO million (5584.3 million) writeoff fwm ft* K* $WM, rath flnr Ml ti> ffifflTf 9 tv n mmmnrmr —Bkfdminrg Businett wiBloomberg Business News - 35 words
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Article, Illustration192 1996-05-04 9 Reuter [LONDON] Hongkong is the most attractive emerging market, despite possible political turmoil when China assumes control in 1997, Mark Mobius, president of Templeton Emerging Markets Fund said on Thursday. "There is a 25 per cent chance of disaster when the Chinese take over,Reuter - 192 words
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143 1996-05-04 9 Bloomberg Business News [IRVINE, California] AST Research Inc said its first-quar-ter loss widened, hurt by slower sales of personal computers, lower prices and excess inventory. The company will take a charge of US$lO million (Ssl4 million) to US$l5 million in the secondBloomberg Business News - 143 words
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368 1996-05-04 9 Price and mismatch of opportunities *nA HA« FT [LONDON] British Telecommunications and Cable Wireless, the UK's two largest telecoms companies, called off merger talks unexpectedly on Thursday. The talks which could have resulted in the world's third largest telecoms operator valued at someFT - 368 words
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239 1996-05-04 9 FT [TOKYO] Matsushita, Japan's largest consumer electronics maker, is set to become the first big Japanese company to take advantage of government deregulatory measures and enter the domestic teledoms market by providing long-distance telephone and network services. Matsushita said it planned to connectFT - 239 words
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FINANCE & COMMODITIES
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Article, Illustration374 1996-05-04 10 Agriealtire, energy sectors expected to centime to outperform metilo Reuter Bloomberg Business News [LONDON] The latest rally in commodity prices is likely to be the first leg in a long bull market, according to the latest Goldman Sachs Commodity Watch reportReuter; Bloomberg Business News; Source: Bloomberg - 374 words
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Article, Illustration335 1996-05-04 10 Siow Li Sen - By\ Siow Li Sen [SINGAPORE] Analysts are divided over whether the US dollar's bullish trend against the yen is still intact after this week's slump to a two-month low. The greenback tumbled to 10&90 yen on Monday on expectations that Japanese interest rates willALLAN - 335 words
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Article, Illustration428 1996-05-04 10 IMIAmHb The greenback rallied strongly to a high of ***** by Thursday before retracing on the same day to close at 1.5296. Although the long-term outlook remains bullish, some short-term correction could be in stove, given that a bearish reversal day and bear divergences on428 words
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277 1996-05-04 10 Loh Hui Yin - Prom, Loh Hui Yin in Bangkok THE international unit of state-owned Petroleum Authority of Thailand (PTT) will invest 13 billion baht (*****.1 million) over the next five years to transform itself into a regional energy company. PTT International will set up277 words
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252 1996-05-04 10 Neil Behrmann - edges up after fear of slide over local polls FYorn, Neil Behrmann in London THE British pound revived marginally after the Conservative Party performed better than expectations in UK local government elections. The pound closed at U551,504 in London yesterday compared with a low of U551,492 early Thursday. That nadir252 words
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Article230 1996-05-04 10 HIMKI fieport Reuter [SINGAPORE] Simex Eurodollar ftitures ended softer yesterday, pressured by selling on the back of the robust US economic figures released on Thursday, dealers said. "The sell-off was a carryover from yesterday's release of numbers," said one dealer. "The GDP headline figure wasReuter - 230 words
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Article153 1996-05-04 10 Reuter AFP THE US dollar hugged modest trading ranges throughout the European session, refusing to quit them even for the day's big attraction, US non-farm payrolls data. Dealers said confusion rather than apathy had greeted figures showing a meagre 2,000 rise in April payrolls —far below average marketReuter; AFP - 153 words
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309 1996-05-04 10 ENERGY REPORT Reuter [LONDON] Oil prices rose yesterday amid threats of a strike by Norwegian oil workers which could seriously disrupt output by the world's second largest oil exporter. Benchmark North Sea Brent blend crude oil futures for June delivery were upReuter - 309 words
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Article, Illustration444 1996-05-04 10 IMTHEBAMKCPaaaWJTBATBB 4pm, May 3 w Source: OCBC nrraEMinitmowKATBi v lpMi|(*'8 S ISS uSt vM a>mm !33 S-fcSSSSiffi^!ii|lK5 NW* MM MM &24Q IttlM MM *28 MM MMjSfc |«> tWIMj < MM*jl ,v*mm u«mh mm uw usi un ua Mir it* vw mm un wi-, m» t«rw ovUit MM* MN Mil IM444 words
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Article609 1996-05-04 11 MM FUTUEBS May 3 5 m 5S iS wS W MM H e,M rt L, u. M ,S JS m» —as —55 —p n mm gui 33 ra m» 5 mm M|mnf|tt ,„T awwa SgE^^P|B"€p8p 9 SliS Sap N||| ■-X^->]p|||p t| r v- iiidli* FUMOWTALI Mays MMKfcMt SS609 words
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Article1644 1996-05-04 11 ferl Hm *h A. A. Corp Mr 65V4 -2 ASPom nt Ahhey Rational SSI -3 AIM Lyons 496 ammc na -4 Ar«*l 323 -3 113 uncft •ATM SO# *9 WCC 332 -2330 X>C«i—p 990 -T MMratm 902 -2 PTR 38 unch RanfeefScetlonP 243 *1/2 Oardpya 743 *31,644 words
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Article, Illustration1429 1996-05-04 12 Reuter Q Hug Seng SHARES closed sharply lower yesterday alter Wall Street stocks dived 77 points and the US long bond yield jumped above 7 per cent overnight on the stroriger-than-expected US GDP figure, players said. The blue-chip Hang Seng Index plunged 195.66 points, or 1.79 per cent, toReuter - 1,429 words
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Article, Illustration551 1996-05-04 12 Reuter DShaaghallfate -MB SHANGHAI'S B shares ended down yesterday on a technical correction after heavy gains over the past few days because of a cut in bank interest' rates, brokers said. The B share Index fell 0.48 point or 0.91 per cent to 51.53, on volume of 11.9 millionReuter; Source: - 551 words
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Article307 1996-05-04 12 Reuter HWFMn »MIT 4 SHARE prices closed higher yesterday, although below their morning highs, despite China's rebuff of Taipei's suggestion that they resume talks, brokers said. Brokers attributed the rise to a technical rebound following Thursday's late buying and three straight days of falls. The Weighted Price Index endedReuter - 307 words
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Article, Illustration653 1996-05-04 12 AFP PflHittiMw -KM SHARE prices closed 2.4 per cent lower yesterday following a fall on WsQl Street. "I would not call it a crash but there was some panic selling at the beginning of the second session," said an analyst at Vicker Ballas Tamara. The Jakarta Stock Exchange CompositeAFP - 653 words
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Article, Illustration755 1996-05-04 12 Reuter PSETMg -m STOCKS ended slightly lower yesterday on profit-taking after Thursday's strong gain and falls on Wall Street and elsewhere, but some buying support prevented a sharper drop, brokers said. The SET Index ended 0.64 points down at 1,318.59 on 5.55 billion baht trade. Decliners led gainers 151Reuter - 755 words
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Article296 1996-05-04 12 Reuter QU SHARES finished up in mixed trade yesterday as investors nibbled on select stocks ahead of the release of April inflation figures which are expected to be lower than March levels, brokers said. The PSE Index gained 19.56 points to settle at 2,975.56 following Thursday's 18.02-point rise. TurnoverReuter - 296 words
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Article316 1996-05-04 12 AFP dCwjultiMit *US SHARE prices rose 0.4 per cent on the Korea Stock Exchange yesterday, as a late rally in the telecommunication and banking sectors offset earlier losses, brokers said. "The market was still in a cautious mood, as a prosecutors' probe into financial corruption is underway," said anAFP - 316 words
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Article544 1996-05-04 12 AFP PinOrthMtw -HI SHARES closed one per cent weaker yesterday as industrial stocks came under pressure after the Wall Street fall The All Ordinaries Index fell 24.0 points to 2,299.0. The All Industrials Index dropped 39.2 points to 3,362.0 and the All Resources Index fell 12.4 points to 1502.4.AFP - 544 words
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Article245 1996-05-04 12 Reuter -TJB THE market closed weaker but off its lows yesterday, brokers said. The NZSE-40 Capital Index lost 7.81 points to finish at 2,139.92, having traded some 15 points off during the day.—Reuter ■gs a *f- mm AN2 Banking 7.00 1700 AtfvintMMHMW LAS -0.01 20*00 Air Now 2»mug (A)Reuter - 245 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration7215 1996-05-04 13 KUALA VOmPUßßeports announcement.—Bloomberg Business News, AFP Q Composite Index ■7.70 STOCKS fell for a second day, led by Tenaga Nasional and Malayan Banking, as prices have outrun earnings potential after the run-up to 19-month highs on Tuesday, a fund manager said. "Right now,announcement.—Bloomberg Business News, AFP - 7,215 words
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WARRANTS & OPTIONS
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Article3339 1996-05-04 14 R Sivanithy - WARRANT WATCH By R Sivanithy YESTERDAY'S column featured Uniphone Telecommunications warrants, a deep-out-of-the-money instrument that commands a huge conversion premium but nonetheless has been a stellar performer in recent days. The stock and warrant of its sister company Sapura Telecommunications have also been among the3,339 words
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Article1840 1996-05-04 14 Or dr UN LM VM tar UMtatM 0t» Mr VM tat MCap n> taa taw Cm—mi Mt roow W» U» tap MM ftr W taa us m m mt aimsoc m i u u u au «u M I Ml AMMSOc M I H« K UUU8I MM m1,840 words
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STOCK EXCHANGE OF SINGAPORE
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Article456 1996-05-04 15 m h n Jr Ij j f S i I 33 Ua. lit tit i MNJK n -ft MM* -M> rnim mm ana* ms -mm MM SMI msr 4B MM RMpM ans «M MM MMfflMa MUT -Ml MM MIMMM MLd -ft* MR «KM «M MM MM9 MtM i« MMMC nut456 words
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Article4235 1996-05-04 15 8r Or M «t KM Lnt V* Day laatOuata Mr Mr VM Mt Cm A«* W» taar Wh Cim«9 Sala *h rOOOt HN* m Star 8a8ar Pw Wl MM Prtaa ■mmmtmmmmmmmmmmmmmm&msm MaiiawMaes* <144 ASC NTSM 200____ US- IM MS ttMActrSOc US190 «4 2*2 1*2 M* 190 Ml ION4,235 words
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Article798 1996-05-04 15 •r Or M M •*M M On 11IH Mr Ik W M C* A«* t— ww ci«>ny tm *h room u» utm car p/k niww 2H 234 2000 AMHMpSc 2Slc< *2 2« 252 251 252 253 33 Mi 0.1 157.5 112.1 2SO 234 M I 2001 Aaiamatrix 50c MS798 words
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Article, Illustration23 1996-05-04 16 Paul Leo - ft Paul Leo 'A- 1 V J 1 J>■ II i IM, Btofr tocwirtnttr JQ» en eftfcr tkktfUmnmt wM MhaMMMS' ttedfrartfeaqritetaafc-ftlMlia23 words
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Article, Illustration891 1996-05-04 16 R Sivanithy - STOCK MAftXHT COMMENTARY Dealers report hesitancy en their clients' pert after aews that the US leag bead yield had creased 7* By R Sivanithy [SINGAPORE] An overnight plunge in US stocks and bonds extracted a predictable toll on local stocks yesterday,891 words
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ON THE GRAPEVINE
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Article92 1996-05-04 16 IS God ever lonely? It seems that Taiwanese food manufacturer Want Want hat the answer. The company, whiclkis offering its shares for safe to the public in Singapore, has a brand of mark food called "Lonely God". TWa Una of product* includes audi goodies as pop92 words
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Article116 1996-05-04 16 Luxury goods sellers are having a good ttma. Rolls-Royce pic's fintquamr or safee at its North America unit roeeabouta third from ayear ago. Bulgari Spa's safee of watches, perftune and jewellery expanded more than 80 per cent last year.Salvatore Ferragamo, the luxury feather goods producer,116 words
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Article97 1996-05-04 16 Tired ofhavingcata and dogs as pets? Try tropical fish. They are non- intrusive, quiet odourtfree and require Httto upkeep. Studies undertaken by peychoto«tots i, ■in I 1 A.V A.m L y mat tropicat ma Btre« reliever for bueyurbemdweflere. This hasto a certain extent luMeMMHIto' -fl97 words
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Page 8 Advertisements
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Advertisement118 1996-05-04 8 ypore Shopping Centre, Penaag Road (Ne» Dhoby Gfasut MKT) #01-23 Td: *****58 SgfS SINGAPORE WOODCRAFT MFG CO PTE LTD II Main Showroom: Muiti Colour Furniture Bldg. fi 5 rSsr 30 Alexandra Terrace LyJ Tel: 474 0389 Business Hrs: 10.30am-6.30pm a #03-01 Slww Centra, Scott» Road T»l: *****47 Collectors' Hems ol118 words
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Page 9 Advertisements
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Advertisement45 1996-05-04 9 This announcement appears as a matter of record only FAR EAST LEVINGSTON IDII SHIPBUILDING LTD (Incorporated in the Republic of Singapore) PELS US$l2O MILLION 1.5% CONVERTIBLE BONDS DUE 2001 Keppel Bank of Singapore Limited Jardine Fleming International Securities Limited Keppel Securities Re Ltd May 199645 words
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Advertisement90 1996-05-04 9 0 FASHION If you make it, sell it or wear it (and who doesn't) you must read the latest issue of DIRECTIONS. We report on fashion design and production rjj in Singapore, Malaysia t At $3.50 it's a bargain: y \de Bono's 6 Hats don't miss ,t. J f j90 words
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Page 11 Advertisements
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Advertisement38 1996-05-04 11 ♦The Tokyo stock market wm dosed yesterday The secret of success fijS§F Taking the right course, of course. Study the wide range of courses available in the Education/instruction section in the ClasslfM Classifications 700 to 709. CAT A38 words
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Page 12 Advertisements
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Advertisement123 1996-05-04 12 flu Jin (3) $a.ooo detain Mcompuwn, Which option conMnu— Hi* wquanca? H I I < i ""BD lllli!!* IflA Mm Kfl LJ fc-H LUTx'ffiJ!?'SisSSisr <$) p B ja'q ea i O <$> <8> <$» V V I oach waafc wMi tfca moat al-comct anawore wM NMat at Liang Court on123 words
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Page 13 Advertisements
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Advertisement35 1996-05-04 13 •J 3 NJOY twice the bITc. Comnuter Times from May developments for over Competition is keen. Product obsolescence rate is high. million affluent readers For youi business to grow, it's crucial to move your Times35 words
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Page 14 Advertisements
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Advertisement42 1996-05-04 14 SMOOTH AS SILK TO BANGKOK Travelling to Bangkok? Fly smooth as silk on Thai m# slx t,mes dally. Enjoy gourmet food, vintage SIA TIMES DAILY■ A French wines and a standard of service that's famous the world over. Thai. Smooth as silk.42 words
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Page 15 Advertisements
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Advertisement54 1996-05-04 15 B9 PRECEPT EV SERIES in your game EXTRA SPIN Combines the Superior Distance with the Spin and Control of Wound Balls. EXTRA DISTANCE The Ultimate Ball (or Distance and Accuracy. SENIOR For Better 'Feel* and Control. StaiDGEsmne ASCENTE SPORTS PTE UDI2 Utile Road #06-01 Lion Cheong Ind. Bldg 5(*****6) Tel:54 words
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Advertisement116 1996-05-04 15 lb: SPH AudioTfcx Department Singapore Press Holdings Ltd 82, GentingLanc Singapore *****7 Td 740-1493 Pax 740-2216 I wish to subscribe to the Quick Stock's Portfolio Manager as follows (please tick the appropriate box; prion include GST). Subscription Period Qm a 3 Maths atSsiMt atSs4Mt atS$25JO Payment Options (Norm 1) Credit116 words
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Page 16 Advertisements
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Advertisement1793 1996-05-04 16 Singapore Closing Shan Prlcos 03/05/1996 CLOSE PREV LOW MQH awn uss uss uss uss mllKr JardiM Matheson 8.10 7J9Q 7.86 8.16 If|Dßl Jardlna Strategic 3.26 &£4 3.26 3JD I VfiOAf 1 Dairy Farm 0.026 0.03 0.52 0.026 Hongkong Land 2.14 2J2D 2.13 2£3 ■MKIHPH Mandarin Oriantal 1.41 1.42 1.30 1.421,793 words
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EXECUTIVE Lifestyle
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Article, Illustration1315 1996-05-04 17 CORINNE KERK - G K Goh talks to ooumra ebrz about his interest 1 inartandhowhebuiltuphisstockbrokingfirm CORINNE KERK CHATTY and personable, Goh Geok Khim is a man who is equally at ease discussing the latest fishing equipment or the high-powered world of stockbroking. But now, theCHRIS LOH - 1,315 words
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STRAWS In The Wind
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Article65 1996-05-04 17 KIDS will be kids. After watching the movie Babe, a father who wanted to assess his daughter's reaction to the film asked her if she wanted to speak to the family dog. "No," she said. "Animals can't talk." But why not, asked the budding psychologist father. After all,65 words
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Article52 1996-05-04 17 A TRAVELLER at an American airport was checking in at the gate when the airport employee asked: "Has anyone put anything in your luggage without your knowledge?" The traveller replied: "If it was without my knowledge, how would I know?" The employee smiled and nodded knowingly. "That's why52 words
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Article48 1996-05-04 17 A PHILIPPINE resort certainly has an unusual definition of cleanliness. The South China Morning Post's Lai See column reported that a hotel in Boracay had this sign at the swimming pool: "Please wash your feet off with dirt and sand before entering the swimming pool."48 words
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Article50 1996-05-04 17 IN the classifieds of a Hongkong newspaper was this ad: "Certificated/Graduate mistresses are invited to apply" with a post box number in Kowloon for applicants to write to. What we'd like to know is, what kind of exams do these mistresses sit for before getting their qualifications?50 words
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PROFILE
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Article, Illustration3114 1996-05-04 18 MELANIE CHEW - ChangYun Chung left the shipping company he worked with for 19 years to start his own business at the age of 49. He tells MHLA*mtiHHW, in this extract from Leaders Of Singapore, how he built up his infant firm into a shipping giant MELANIE CHEW AMstwPHOTO FROM 'LEADERS OF SINGAPORE' - 3,114 words
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DESIGN
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Article, Illustration793 1996-05-04 19 GALEN YEO - Singaporean architects lan Chee and Wong Voon Yee are making an impression in London oaum YBO reports GALEN YEO HE could have been a concert pianist Or a fashion designer who just happens to make good cheesecake. But lan Chee rightly chose to be an architect, for793 words
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Article, Illustration627 1996-05-04 20 A Surendren - NIGHTSPOT Hei<i E*n*i s ietends U start a few legends of its own By A Surendren IMAGINE a pub with lots of wood, lots of ceiling, lots of Irish whiskey and both Guinness and Kilkenny on tap. Yes, dreams come true when youCHRIS LOH - 627 words
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Article, Illustration588 1996-05-04 20 Holly Harrison - CINEMA In Eye For An Eye, Sally Field seems to have forgotten the finer points of acting ina John Schlesinger's directing doesn't help either By] Holly Harrison IT doesn't bode well for a film when the most Interesting part, dramatically speaking, is588 words
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Article, Illustration533 1996-05-04 21 Kevin Sullivan - TELEVISION Mid-week viewing has taken on a new leek with Frasier and CyMll By J Kevin Sullivan A NEW window of high-quality programming has opened up mid-week! Thank you, Channel Five! Wednesday evenings will now doubtless enter the pantheon of right-minded viewing folk. Frasier goes out at 11pm,533 words
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Article, Illustration356 1996-05-04 21 Holly Harrison - Compiled by Holly Harrison TALKS AMD iff*""* Nicholas Startup Talks About Stamps Christie's senior stamp specialist, Nicholas Startup, will speak on stamp collecting in Singapore. Bring along your rare stamps: after the talk there will experts on hand to offer appraisals.. Today at 2pm. Appraisals: 3pm to spm.356 words
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EPICURE
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Article, Illustration783 1996-05-04 22 CORINNE KERK - Panagopoulos' cheerful interior and menu are catered to families, reports omuiimbsbrk CORINNE KERK THERE'S something about a name like Panagopoulos. First of all, the word trips over your tongue when you read it and, secondly, it makes for troublesome spelling. But most of all, you wouldn'tCHRIS LOH - 783 words
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Article, Illustration481 1996-05-04 22 Jaime Ee - RESTAURANTS TlaselHe« beasts quick and efficient service as wed By, Jaime Ee TINSEL Moon restaurant prides itself on <its Hongkong-style cuisine and I couldn't agree more—l couki immediately teH it was a "hongkie" joint from the moment I made my reservation over the phone. The481 words
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Article837 1996-05-04 22 N K Yong - WINE CONNOISSEUR It'i werth baying seme eaprimeir as their prices are certain to escalate By] N K Yong TWO weeks ago I asked a negoclant in Bordeaux I know well whether he could get me 100 cases of Chateau Latour 1996. He looked at me incredulously837 words
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Article304 1996-05-04 22 Corinne Kerk - RESTAURANTS By< Corinne Kerk CHINESE New Year may be over, but if you feel the urge to splurge on some delicacies, then head out to Raffles Hotel's Empress Room. The guest chef this weekend is none other than Hongkong's Abalone King, chef Yeung Koon Yat.304 words
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Article, Illustration1057 1996-05-04 23 Bed Of Imm. Oddball actor Christian Slater redefines himself as a romantic guy in a charming film about love. Abo start Mary Stuart Masterson. Yishun: 10.30; 12.30; 7.10. Blshan: 1, 5.15; 9.90. Cathay: 11; I;* 119: 9.15. Tiong Bahrw 145; 9.15. Tampines: 1.15; 9.15; 7.15; 11.15. ■eed Bp«rt lli1,057 words
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TRAVEL
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Article, Illustration1070 1996-05-04 24 MARK GRAHAM - Amanpuri in Phuket has become a must for celebrities making their grand Asian tours, mars graham finds out what draws them to the Thai resort MARK GRAHAM HE cool-looking guy lounging by the pool with the ■I H expensive shades, movie-star looks r' andALL PHOTOS BY MARK GRAHAM - 1,070 words
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Article, Illustration411 1996-05-04 24 Eileen Chan - TRAVEL BRIEFS Teirism Victoria, Ansett •ffor special package that includes flights and reserved Mats By Eileen Chan THE hit Broadway musical, Disney's Beauty and the Beast, is playing to packed capacity in Melbourne. Now, Tourism Victoria and Ansett are offering a novel way to411 words
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Page 17 Advertisements
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Advertisement8 1996-05-04 17 leaders tf Singapore Chang Yun Chung EL 28 words
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Advertisement103 1996-05-04 17 Travel Hideout for the rich and famous EL 8 "V P.R. FOR LOBSTERS AT $28.95 So popular was our Legal Sea Foods promotion that we've granted P.R. to a shoal of dishes from their menu. Dive in for whole Maine lobsters at $28.95 not to mention steamed mussels, oysters, New103 words
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Page 19 Advertisements
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Advertisement190 1996-05-04 19 JBb§& JB rll A 3 YOIIR, STAFF ai it rnnH WsE*'& ***** W |V^^| 111 J riJIxViW r_ The Big Walk is the perfect occasion for a staff get-together. And an invigorating one too. There are also loads of Mil |I# MA P rizes for faBt watkers as well as190 words
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Page 20 Advertisements
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Advertisement111 1996-05-04 20 Where to wine, dine and entertain '[olalap at (karifr Mahal The "Aalap Group" from India h here! Peiforming nig/My (except Monday) at tx Rang Mahal Came and enjoy an of exotic food, amidst sensational mmwnemn mnuc on me lana ana sear, weo dance performances. Our new axtsnshm a la carte111 words
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Advertisement93 1996-05-04 20 SERVINGS UNLIMITED! HELP YOURSELF TO Jim* Qood!••... WFnZKk '■HhH Sack aa damping (b»k ckmrng). mini dampling, popiih. deep-Med apring roll tleaaaod ytm bun. MiMd minced peril shallot cake, farect peanut *oaf, aweet red bean Map, baked peanut paatry, aaee tefc, ang ka kueh, boat kueii, cte... Enfay aa audi aa93 words
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Advertisement73 1996-05-04 20 YES! We deliver right to yvor door Kept II yw arc locatco in mc rouowin| jmiWlngf around ms f J" ft/ A\\ s -> J 11 \\V X></ 1i»BM I* ■fiSHßflj So*k**3**9ol4>sqMmSmcmpak ■ESfli owwo Or* Your Money Back RAMU'S CURRY THOMSON Try our other delicious favourites: Live Sri Lankan Crab,73 words
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Advertisement41 1996-05-04 20 ivantlttohe. "iFfrsimMHMirr «B EM CM MM* B% SpWk Support 44M74 Tel: *****11/3 Act now before we runout of Space For Information about Business Times "Wine, Dine Entertainment" Scheme, please call: Stephanie Lee 740 1284 Renee Loh *****18 Paul Chew 740 158141 words
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Advertisement32 1996-05-04 20 I °f onc standard Mw I yFbingsation Theme Karaok*.7w WF f chants regularly Pircrs subject to service jgj taxes including GST Singapore Business •♦."t v! > v 1 -Giving you the winning edge32 words
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Page 21 Advertisements
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Advertisement618 1996-05-04 21 TO Win, DIME AMP ENTERTAIN worlds lawqcst SEuind bceh I FJ s a4»mm.sbA4L..ee. Happy Mother's Day Special set menus available from Apr 28 to May 12 LONG BEACH SEAFOOD RESTAURANT (Mm* INext to Singapore Hmnii Centre) 1011 East Coast Partway Opea Daily tlUOOam-XOOpmft&OOpm-12.15 am Tet 445 8833 (Sat ft Ewe618 words
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Advertisement123 1996-05-04 21 The Mezzanine It's the ideal place for you tout back and'; unload. Then unwind over your favourite drink to the cool, unplugged rhythm of our resident band. We're expecting youj Happy Hours k Finger Snacks: spm to Bpm. Cocktails Entertainment tpm to lam (weekdays) 9pm to lam (weekends) I f;;123 words
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Page 22 Advertisements
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Advertisement48 1996-05-04 22 i. $r i. w V '*V mE<» <* J *V -a*y > -,4w > >* -^««/*> RVk f 1/ *^spp*^t" Hft 1 ®£S» I .df^aggi ,V" F-|®p|| 4 Ws^fc W r Sf K3&S •**<>■. Wfw> «w>GIORGIO ARMANI 581 On lwrrl R.wl #01-19 Hilton lloiH TVI 734 4025 lISA Plaza Snayan48 words
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Page 23 Miscellaneous
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Miscellaneous1914 1996-05-04 23 TODAY'S TV TUiwfltQ fcAO AM TV Innovations: "Jj BH G^d^or^n^Malflv Mnmmfl'Q hnv Joseph Sargent directs this tionary Home sia/News. Momma sooy 1917fUm {SaSSST m Only Hie Loaety, llpwi, 1990,&30pm, Ch B jji Scaling The Road of a LM Prisma. Ok 8 Tune in to watch 15 lovely Handicapped Man. xm1,914 words
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