The Business Times, 26 April 1997

Microfilm: NL20875
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 023/12/96 85C SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, APRIL 26-27,1997
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  • Article
    MARKET SUMMARY
    33 1 D Su» (-0.67) DSPhuq ffironip UlMU7(+1.5S) p saw FHd* Chute KLSECOilP tJMitf -7J8 HHKH (MUM -tUt HAJWWWO .m«18 -MM S0VM&. J8iM__-443 JAKARTA OOMP—Jllia 4M t3fSf r > tJtai Cta J» JL74UI 4BJ9
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  • Article
    FINANCE
    35 1 JpmMBlAHB ma X, —imZZtm Jjl. r AM AMI Ml M7I M> mi urn few MM MM fUTMiilM 0.M1 MM lUALALOWm 111 MBARA IS* MNMOK tt» USBON MM MR MUL Ut -fjMl (Source: NatWest Bank)
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  • Article, Illustration
    Lock icon Oversupply of exhibition space seen worsening
    510 1  -  $150 m site in Changi will double space when completed in 1999 By, Ang Wan May [SINGAPORE] The scheduled completion of the mega exhibition centre (MEC) in Changi in 1999 will put Singapore in the international exhibition big league but it will worsen an
    Source:  -  510 words
  • Article, Illustration
    Lock icon Hie brightest of them all
    63 1 [SINGAPORE] An employee of jeweller Mondial displaying some diamonds graded D-colour—the brightest and whitest of diamonds. The stones are part of a collection of over 60 such diamonds that is on show from today at Mondial's Ngee Ann City outlet. The collection, the largest of
    CHRIS LOH  -  63 words
  • Article
    Lock icon US, Japan downplay Russia-China pact
    177 1 DPA [WASHINGTON] US President Bill Clinton and Japanese Prime Minister Ryutaro Hashimoto opened their White House meeting yesterday by downplaying any concerns over the friendship pact signed this week between China and Russia. "We don't have anything to worry about" as long as Russia and
    DPA  -  177 words
  • Article
    Suntec may pull ahead of Income in car-sharing scheme
    291 1  -  By< Christopher Tan [SINGAPORE] A private organisation could beat unionlinked NTUC Income to launching Singapore's first car-sharing scheme. Suntec City Development, owner of the convention and commercial complex of the same name, is setting up a fleet of about 100 new
    291 words
  • Article
    US visas for holders of new HK passports
    273 1  -  Move seen as vote of confidence in HE'S continued stability Froml Lobh Hui Yin in Hongkong IN A vote of confidence in Hongkong's stability after it reverts to China in July, the United States announced yesterday that it would grant 10year, multiple-entry
    273 words
  • Article
    Morgan Stanley to launch 2 new indices
    400 1  -  Benchmarks for growth and valne in emerging markets By' Ven Sreenivasan [SINGAPORE] Investment house Morgan Stanley is planning to introduce two new indices to track emerging market equities on the basis of growth and value. Geneva-based Capital International Perspectives SA (CIP), which calculates
    400 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      105 1 I I Treeors, the Asian fine arts and antiques ftdr, is back and it boasts ilhistrioas bums among its Uk of DBTtlClDfiniS* JSii O With a prudent life Jnsonucepkn, the ratiremeut years need not paan a drastic change in gne's lifestyle, F*3 pwretmoß MfcjV?- Could wanet in Berger. After jfcHM
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      Page 1 Advertisements Column 2
      16 1 TAGHeuer 1 L 1 —-ar X SUCCESS Y MIND TV GAME. "J "I? MEW S EL
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Sime S'pore expects BMW sales to jump 50% to 3,000
      331 2  -  This will put BMW almost neck-and-neck with rival Mercedes-Benz By* Christopher Tan SIME Singapore's Performance Motors expects to sell about 3,000 BMW cars this year, nearly 50 per cent more than in 1996. Managing director Ronald Seet yesterday said: "The
      331 words
    • Article
      PM goes to China this weekend
      504 2  -  Trip expected to strengthen Singapore ties with China, HE From* Qnak Hiang Whai m Hongkong PRIME Minister Goh Chok Tong will arrive in China this weekend for a working visit at the invitation of Chinese Premier Li Peng, a trip which is expected to
      504 words
    • Article
      Shopping overseas on the Net by Visa? Just wait till Christmas
      350 2  -  By Toh Han Shih SINGAPOREANS will be able to shop internationally on the Internet with secure credit card payments by the end of the year, says Visa. The credit-card giant is now involved in projects on Secure Electronic Transaction
      350 words
    • Article, Illustration
      Lock icon HMV set to rock music stores
      443 2  -  By* Ang Wan May WITH chart-topping CDs priced as low as $16.99, HMV, the latest music megastore to hit town, is sending shockwaves across the 300-odd music stores here. The UK-based retailer at The Heeren in Orchard Road will price best-selling, massappeal albums at
      AFP  -  443 words
    • Article, Illustration
      HDB en-bloc scheme flatowners spared from new subsidy ruling
      405 2  -  Exceptions will be those who also own private property By- Abdul Hadhi FLATOWNERS affected by the Selective En-bloc Redevelopment Scheme (Sers) will have another bite at HDB's subsidised financing cherry. HDB chief executive officer Tan Guong Ching disclosed this yesterday when
      405 words
    • Article
      Expat survey puts Malaysia, S'pore tops in quality of life
      345 2  -  By Ven Sreenivasan MALAYSIA and Singapore come out tops in an expatriate quality of life survey conducted by Hongkong-based research house, Political Economic Risk C4fi£ultancy (Perc). On a scale of 0 to 10, with 0 the best possible score, Malaysia
      345 words
    • Article
      Lock icon Tang fails to get hearing postponed
      233 2 The Straits Times TANG Liang Hong has failed to persuade the High Court to adjourn the five-day hearing set to begin on May 5 to assess the damages he has to pay to the People's Action Party leaders who sued him for defaming them.
      The Straits Times  -  233 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      111 2 (Anuti' Many are called... but 50 are chosen. The 1997 Enterprise 50 nominations are now open. Companies can nominate themselves by completing the official nomination form. Companies must be home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 Revised Edition) with four years of audited statements. Nomination forms are available
      111 words
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  • FOCUS: PERSONAL FINANCE & INVESTMEMT
    • BULL'S EYE
      • Article, Illustration
        Lock icon BT Sentiment Index
        678 3 DBS Bank Ltd ♦(Buy) SocGen Crosby, April 23, $17.60 (F) AN upward re-rating of DBS Bank is imminent as its solid growth momentum and improving earnings quality become more apparent over the next 12 months. A switch from interbank to retail loans, which began two years ago,
        Figures denote number of respondents  -  678 words
      • Article, Illustration
        In My Opinion
        314 3  -  Peter Hogg Executive director (investor relations) Forrest International Singapore HE market enI compassing all types A of investors, be they domestic or foreign institutions or local retail shareholders can only determine the value of a company's equity according to the information provided by the company. But what
        314 words
    • Article
      Insuring for that nest egg
      935 3  -  Retirement need not mean the loss of your lifestyle if you take up savings plans like life insurance Eric Seah The writer is chief actuary at Great Eastern Life [SINGAPORE] BY THE year 2030, about one-quarter of the population will be aged 60 and above.
      935 words
    • Article
      Greenspan has done his sums alright
      748 3  -  The Back of the ENVELOPE Delving into source of earnings growth will give investors a better fix on the Dow By] David Goh The writer is a lecturer (banking finance division) at Nanyang Technological University [SINGAPORE] When a company reports unexpectedly high earnings growth,
      748 words
    • Article, Illustration
      Lock icon Only slim hopes for sustained rebound
      471 3  -  EYE OM THE REGION: MANILA From, Al Labita in Manila PHILIPPINE stocks have become wnong Asia's cheapest following a rumour-based savaging of property and banking stocks but is it the ideal time to buy? Judging by the current sentiment, investors had better tread cautiously.
      FILE PHOTO  -  471 words
    • Article
      ACU DEPOSIT RATES
      604 3 Bank of China MHMMHMMMMM 25.000 249.999 6.0700 6.0700 6.1900 A$ 250.000 500,000 6.1900 6.1900 6.3100 ».000 <9.999 ***** ***** 5JI25 n^t W 000 6 Mow 5.4375 5.4375 5.4375 500,000 2.499.999 6J700 1SOO 7J000 On* 25 4.999.999 7.0000 ***** 8.0000 *>.000-49.999 2.5000 ***** 2.5000 ind Pn 50.000 (Mow
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  • REGION
    • Article
      Indon political groups urged to keep hustings peaceful
      561 4  -  JAKARTA flftmmirtiintf hairing tomorrow; opposition 'expected to go for Aggressive strategy S N Vasuki CAMPAIGNING for Indonesia's crucial parliamentary elections starts tomorrow and 1 Senior government officials '•'have called on the country's "•three political groupings to insure that the process is smooth
      561 words
    • Article, Illustration
      Lock icon Nissan folds up over bad debts
      481 4  -  TOKYO py> Anthony Rowley 'A JAPANESE life assurance company, Nissan Mutual Life, n yesterday became the first incasualty of -fifcjapan's bubble economy when nRJ It announced that it would ri Wind up its operations, -ibo Although Nissan Mutual is 9<< |relatively small, its problems
      REUTER  -  481 words
    • Article
      HKMA to keep tight hold on home loans
      472 4  -  Mi HONGKONG Loh Hui Yin i THE Hongkong Monetary Authority (HKMA) intends to ,n keep a firm grip on housing °'loans even though there are signs the once-hot property market here is cooling down. y HKMA deputy chief executive David Carse said
      472 words
    • Article
      Lock icon US firms rush to beat sanctions
      301 4 ■YANGON FT AFP US COMPANIES signed more investment deals with Myanmar in February than in the whole of the past eight years as they dashed to conclude talks before President Bill Clinton banned new US investment in the South-east Asian nation. More than US$3OO
      FT; AFP  -  301 words
    • Article
      Moody's lowers long-term ratings of 3 Thai banks
      488 4  -  BANGKOK Sees property sector facing problems for several years By\ Harish Mehta MOODY'S yesterday downgraded the long-term ratings of three Thai banks in a move that reflects the worsening troubles of the country's financial sector. The three Bank of Ayudhya, Siam City
      488 words
    • Article
      KL properly loan curbs may backfire
      247 4  -  KUALA LUMPUR By\ Eddie Toh BANK Negara's recent curbs on property loans could backfire and trigger a collapse in the market, said a leading property developer yesterday. Alan Tong Kok Mau, president of the Malaysian chapter of the International Real Estate Federation (Fiabci), said
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    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1710 4 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi GA890 0015 498S SR7034 1730 Adelaide S0230 1830 0F82 2055 Gwagrhoii C2351 2045 Amman RJ187 0130 Hwwi VN741 1310 S0176 1105 Amsterdam KL843 0455 GA890 0015 ***** 1840 H# M1 0L25 0655 KL838 2300 H«t Yal MI893 1415 TG408
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  • Page 4 Advertisements
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  • FOCUS
    • Article, Illustration
      Lock icon Elections seen as a non-event
      1756 5  -  INDONESIAN ELECTIONS *97: A MAVERICK'S VIEW Golkar officials should realise they would win just by playing by the rules, says head of controversial Independent Election Monitoring Committee Reports by\ S N Vasuki The writer is BT's Jakarta correspondent. [JAKARTAI G UNA WAN Mohamad is sitting
      FILE PHOTO  -  1,756 words
    • Article, Illustration
      Lock icon Two decades of Tempo magazine
      549 5 Gnnawan Mohamad speaks fondly of his reporters TEMPO magazine, where Gunawan Mohamad was edi-tor-in-chief until its closure in 1994, distinguished itself by striking out in bold new direction. "Our main objective, when we started the magazine in 1971, was to promote the quality of public
      AFP  -  549 words
    • Article
      Megawati's rally seen as sideshow
      612 5 Golkar set for commanding victory, say analysts IN A major show of strength, supporters of opposition leader Megawati Sukarnoputri held an impressive rally outside Parliament last Tuesday. The three-hour rally, which led to traffic snarls in south Jakarta, was clearly aimed at reminding Indonesia's political
      612 words
    • Article
      Conducting politics behind closed doors
      462 5 Community infighting gives conspiracy theorists a field day GUNAWAN Mohamad feels that in fighting between Indonesia's Muslim organisations has undermined the community's efforts to improve its economic standing. "It is a real pity," he says, referring to the ongoing tussle involving three of the country's
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  • REGION/WORLD
    • Article
      Chemical arms treaty gets through US Senate
      410 6  -  WASHINGTON Congressional bloc's success encouraging some lawmakers to posh for China MFN By] Leon Hadar IN a sign that the bipartisan internationalist coalition is alive and well on Capitol Hill, the US Senate approved on Wednesday the Chemical Weapons Convention (CWC), which bans
      410 words
    • Article
      Lock icon US govt confirms smaller trade deficit in February
      269 6 WASHINGTON Bloomberg CORRECTED government figures released yesterday confirm that the US international trade deficit declined to U5510.42 billion (Ssls billion) ia February, narrower than initially estimated. «v Yesterday's Commerce Department correction makes official what government economists acknowledged more than a week ago:
      Bloomberg  -  269 words
    • Article
      Lock icon China buying influence report raises White House concern
      223 6 WASHINGTON AFP THE White House said yester«iy it was concerned by a re- ort that federal authorities 1 ave uncovered substantial < vidence linking top Chinese aaders to a scheme to buy inI uence with US politicians. But spokesman Michael IcCurry declined
      AFP  -  223 words
    • Article, Illustration
      Lock icon Nursing an Australian tradition
      58 6 [SYDNEY] A young girl, dressed in a traditional nurses uniform, marching with war veterans during the annual Anzac Day parade in Sydney yesterday. Thousands OfAustralians turned out at marches and ceremonies throughout the country to mark the 82nd anniversary of the landing of Australian and New
      REUTER  -  58 words
    • Article
      Lock icon US economic growth carries over into Q2
      366 6 WASHINGTON Economy expanding at unsustainable rate: Fed governor Reuter Bloomberg US ECONOMIC expansion continued into the second quarter and now seems to be growing at an unsustainably strong rate, Federal Reserve governor Laurence Meyer said on Thursday. In a speech prepared for delivery
      Reuter; Bloomberg  -  366 words
    • Article
      Lock icon No delay to monetary union: Kohl
      80 6 BONN Reuter GERMAN Chancellor Helmut Kohl yesterday for the first time categorically ruled out a delay in European monetary union, planned for 1999, reaffirming that Germany would meet all entry criteria. "Germany will never accept a delay in the timetable," he said in Dusseldorf.
      Reuter  -  80 words
    • Article
      Lock icon Kim's son admits role in staff changes
      314 6 SEOUL Bat he denies corruption allegations AFP Reuter DABBING his eyes with a handkerchief and occasionally sobbing, the beleaguered son of South Korea's president yesterday admitted he had intervened in government personnel changes but denied corruption allegations during a nationally-televised parliamentary hearing. "When
      AFP; Reuter  -  314 words
    • Article
      Lock icon CNN's Turner makes a Kim-Kim goof
      130 6 SEOUL AFP CNN magnate Ted Turner made what is known here as the classic "Kim-Kim goof' when he mistook the son of South Korean President Kim Young Sam for the son of rival North Korea's late president Kim II Sung, parliament was told yesterday.
      AFP  -  130 words
    • Article, Illustration
      Japanese economy not out of the woods yet
      357 6  -  SINGAPORE By] Larry Wee A SUSTAINED recovery in the Japanese economy is not on the cards yet, warns the Nomura Research Institute's chief economist. Speaking at his firm's global strategy seminar in Singapore yesterday, Richard Koo cited three main arguments: an inappropriate
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      488 6 CBTPTIC CROSSWORD 1 Cleric found mountain back in the range (8) WM IF I J 9 Everything together that's BH VH fashionable taken in by a pair P° I I of learners twice (3,23) LhJ ■■fn—^^^ 10 Western aid arranged for dried B I I I I I I I
      488 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      33 6 BOOHKESBURY By Garry Trudeau WUGXNsf mku Tunu/unm&rnMS\ V cnmmA no, BUT HELL, VOUARSSO I arwSfrfZZrt \rHwr) AHBAVYCKANZAHP ISnaSaSf' Jri HOW HARP CAN-DHZ&& i WTOTmcLZNTS gJBE i PUTINS fT OH A ■Th aUPfTBt ICAffTBBJB*
      33 words
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  • COMPANIES & MARKETS
    • Article
      DBS Land to list Aussie unit
      456 7  -  Anstraland may offer 48m shares for ASX listing, 28.9 m shares for secondary listing on SES By Diana Oon PROPERTY developer DBS Land's Australian subsidiary Australand will be raising A 534.66 million (5538.8 million) in Singapore as part of its planned IPO in Australia
      456 words
    • Article
      Lock icon Berger eyes parallel KL listing
      310 7 Move seen as step to establishing image as a M'sian company AFX-Asia (SINGAPORE] Berger International Ltd intends to seek a parallel listing on the Kuala Lumpur Stock Exchange to complement its Singapore quotation, group managing director Vincent Cheok said yesterday. "Subject to the requirements, and
      AFX-Asia  -  310 words
    • Article, Illustration
      Lock icon Venture tying up with Sumitomo to make communications products
      488 7  -  The two companies will each hold 50% of $20mVS Electronics By< Jennifer Lien [SINGAPORE] Mainboardlisted Venture Manufacturing took another step in expanding beyond its core contract manufacturing business yesterday, forming a $20 million joint venture with Japan's Sumitomo Electric Industries to
      ARTHUR LEE  -  488 words
    • Article
      Rosy Venture-Sumitomo deal may have thorns
      640 7  -  HOCK LOCK SIEW Lee Han Shih THE joint venture between Venture Manufacturing and Sumitomo Electric Industries (SEI) seems to contain nothing but good news. Or does it? Venture is one of Singapore's best electronics contract manufacturers. After tremendous growth last year turnover was up
      640 words
    • Article
      Hup Seng Huat interim down 47% to $1.8m
      186 7 HARDWARE dealer Hup Seng Huat's half-time net profit fell 47 per cent to $1.79 million for the six months ended Jan 31, 1997, despite a good jump in turnover. The mainboard-listed company saw a 22.3 per cent increase in group turnover to
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    • Article
      Pokka's loss rises to $2.13 m
      196 7 BEVERAGE maker Pokka Corp (S) Ltd blamed falling turnover, higher operating expenses and less tax write-back for extending its net loss for the year ended Jan 31 to $2.13 million. It posted a net loss of $1.93 million the previous financial year. The losses
      196 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Tenaga sells US$800m in bonds on roadshow
        348 8 Power giant went to London, NY; likely to raise more fnnds for expansion plans AFP [KUALA LUMPUR] Malaysia's power giant Tenaga Nasional said yesterday it had secured US$BOO million (551.15 billion) in funds through the issue of bonds overseas to cope with rising
        AFP  -  348 words
      • Article
        Metro Pacific profit up 122%
        297 8  -  41 earnings of 201 m jasos higher than expected: analysts Pirom Al Labita Manila METRO Pacific Corp (MPC), the listed Philippine flagship of Indonesia's Salim group, Sted a 122 per cent rise in t quarter profit to 201 million pesos (5511.2 million). Higher earnings from
        297 words
      • Article
        Lock icon Chrysler plans major push in Asia
        93 8 AFX-Asia [NEW YORK] Chrysler Corp is planning a major expansion into Asia, which will eventually include a new south Asia regional office in Singapore and Asian facilities to assemble light vehicles and produce car parts, the Wall Street Journal reported, citing Ron Gardhouse, general
        AFX-Asia  -  93 words
      • Article, Illustration
        Lock icon Get a piece of the Great Wall in US$180m IPO
        295 8 Bloomberg [BEIJING] The Great Wall of China is up for sale. And you get Big Macs and beer to go with it. Beijing city has grouped the ticket booths for the Wall with the capital's 30 McDonald's hamburger outlets, China's
        Bloomberg; FILE PICTURE  -  295 words
      • COMPANY Briefs
        • Article
          Promet selling Westmont Ind stake
          54 8 [SINGAPORE] Promet Bhd will sell its 32.9 per cent stake in Westmont Industries, acquired late last year, to unlisted Swascojuta Sdn Bhd for an undisclosed sum. Promet said the move followed the aborted sale of its stake in Promet Fabricators Sdn Bhd and four pieces
          54 words
        • Article
          Haw Par opens 4th bowling alley in M'sia
          38 8 [SINGAPORE] The Haw Par Group has opened its fourth bowling centre in Malaysia. The 24-lane Golden Bowl in Seremban was built at a cost of Ms 4 million (552.3 million).
          38 words
        • Article
          Lock icon KLSE's new settlement period
          50 8 Bloomberg [KUALA LUMPUR] The Kuala Lumpur Stock Exchange will announce the starting date for its new settlement period on stock transactions after it has advised brokers on the matter. The Star reported. This will take a month or two, said KLSE chairman Nik Mohamed Din. Bloomberg
          Bloomberg  -  50 words
        • Article
          Lock icon Chase Perdana to sell S&P Food shares
          43 8 Reuter [KUALA LUMPUR] Chase Perdana Bhd has proposed to sell a 20.56 per cent stake in S&P Food Industries Bhd for M 543.69 million (5525.14 million) cash. The buyer is unlisted Zenpac Industries Sdn Bhd. Renter
          Reuter  -  43 words
        • Article
          Lock icon Kwok family ups stake in SHK
          43 8 AFX-Asia [HONGKONG] Members of the Kwok family have increased their stake in Sun Hung Kai Properties Ltd. Chairman Walter Kwok, vice-chairman Thomas Kwok and co-vice chairman Raymond Kwok each bought 320,000 shares at HK576.25 and HK576.50. AFX-Asia
          AFX-Asia  -  43 words
      • Article
        First Engineering forms venture with German firm
        177 8 [SINGAPORE] Listed plastic injection moulding company First Engineering Ltd has signed a memorandum of understanding with Germany's Mikron Holdings to form a joint venture to pursue business opportunities in China. The joint venture company, Mikron FEL Pte Ltd, will have an issued and
        177 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        693 8 Voy Mo Bfth Arrival Dfytin JveagPert ESm *****7 J01 alongside 26.04/0300 *****7 J01 alongside 23.04/1300 s 01/97 M alongside 26.04/800 04/97 J1S alongside 26.04/0500 i 04/97 J03 alongside 26.04/1500 I 1 JM alongside 05.05/2300 04/97 J17 alongside 26.04/2359 60 J12 alongside 26.04/0200 m Oaya 775 *2 alongside 26.04/2300
        693 words
      • Article
        CONTAINER SCHEDULES
        1829 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Itokkf/ldMci Rstls Strip Voy No Ett/Btr Nriod frow To Frow Acx «*>tot on* zMno a 25/1700 24/045* 2 vow a 25/T700 24/045* 24/0*OC J 2 CO700 24/1154 24/MOO 4 24/1200 24/MS* 24/I7M Acj Lanadar 0230 2W12M 3 24/0700 24/05* 24/MM
        1,829 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • COMPANY Briefs
        • Article
          Lock icon MCT's Q1 profit unchanged from last year
          73 9 Bloomberg [WASHINGTON] MCI Communications Corp's first-quarter proflt was unchanged from a year earlier, as wider losses in new local phone and international operations offset an increase in long-distance earnings. The US No 2 long-distance company, behind AT&T Corp, said on Thursday it earned
          Bloomberg  -  73 words
        • Article
          Lock icon Comsat to sue ex-chief exec
          64 9 Bloomberg [BETHESDA, Maryland] Comsat Corp has sued former chief executive Bruce Crockett, claiming he leaked inside information to shareholders who have threatened to take over the satellite communications company. The lawsuit, which seeks US$2O million (Ss29 million) in damages, comes two weeks after Providence Capital
          Bloomberg  -  64 words
        • Article
          Lock icon Unocal posts 58% earnings rise in Q1
          85 9 Bloomberg [EL SEGUNDO, California] Unocal Corp's first-quarter earnings rose a better-than-expected 58 per cent on higher oil and natural gas prices and production levels, primarily in South-east Asia, where the company is investing heavily. Earnings before gains and charges were US$l9O million (*****
          Bloomberg  -  85 words
      • Article, Illustration
        Lock icon A print for paws-terity
        45 9 [CALIFORNIA] "Tony the Tiger the breakfast cereal character, poses after putting his paw prints in cement on Thursday at Mann's Chinese Theatre in Hollywood. Tony is celebrating his 45th anniversary as the character on the Kellogg's Frosted Flakes cereal box. REUTER
        REUTER  -  45 words
      • Article
        Lock icon Eurotunnel demands 999-year concession from UK, France
        480 9 It says extension will aid financial restructuring FT [LONDON] Eurotunnel on Thursday demanded that the British and French governments extend its 65-year exclusive concession to operate tunnels beneath the Channel to 999 years. Patrick Ponsolle, co-chair-man, said the prospect of a much longer
        FT  -  480 words
      • Article
        Lock icon Bell Atlantic, Nynex merger clears last major US hurdle
        469 9 Justice Dept rejects consumer groups' objections; FCC expected to okay deal NYT [NEW YORK) After an intensive nine-month investigation, the US Justice Department announced on Thursday that it would not try to block the US$22 billion (5531.7 billion) merger of Bell
        NYT  -  469 words
      • Article
        Lock icon Daiwa, Nikko report losses after bailing out subsidiaries
        444 9 Results contained few surprises for analysts Bloomberg [TOKYO] Daiwa Securities Co and Nikko Securities Co, two of Japan's largest brokerages, reported losses for the year to March 31 after bailing out ailing loan subsidiaries and losing money on stock trading. Both companies
        Bloomberg  -  444 words
      • Article
        Lock icon Kodak to raise stake in Chinon to 50.1%
        209 9 Bloomberg [TOKYO] Eastman Kodak Co has agreed to buy a majority stake in digital camera maker Chinon Industries Inc for 1.9 billion yen (5521.7 million) to allow the two companies to work more closely together. The US maker of photographic and imaging
        Bloomberg  -  209 words
      • Article
        Lock icon Ericsson Q1 pre-tax soars 30%
        272 9 Bloomberg [STOCKHOLM] Ericsson AB, the world's biggest supplier of telecommunications equipment, said first-quarter pretax profit jumped 30 per cent amid growing demand for mobile telephones and their networks. Pre-tax profit increased to 2.02 billion kronor (*****.7 million), up from 1.55 billion kronor in the first
        Bloomberg  -  272 words
      • Article
        Lock icon UBS Q1 profit goes up; bad loans down
        334 9 Bloomberg {ZURICH] Union Bank of Switzerland, confirming expectations Swiss banks could post record profits in 1997, said first-quarter earnings were "considerably" higher than a year earlier. The profits were mainly boosted by commission and trading income. ÜBS, which never reports quarterly figures,
        Bloomberg  -  334 words
    • FINANCE & COMMODITIES
      • Article
        M'sian insurers' premium income grows 20%
        356 10  -  Combined income surges to Ms9.sb despite life-insurance policy slowdown By\ Soh Tiang Keng [SINGAPORE] Malaysia's insurance industry last year chalked up its sixth straight year of double-digit growth. The industry's combined premium income for life and general insurers surged by 20.1 per cent to
        356 words
      • Article
        Poor report card for Taiwan state banks
        474 10  -  Think-tank finding prompts PM to reiterate calls for privatisation From', Brace Cheesman in Taipei TAIWAN'S beleaguered staterun banks have emerged at the bottom of the class in a survey of financial institutions conducted by the government's leading economic think-tank, prompting further calls for
        474 words
      • Article, Illustration
        Lock icon Greenback in corrective phase
        353 10 USS/mark: US$/ mark took a plunge on Monday, touching a low of 1.6959 before recovering to 1.7207 by Thursday. It then eased to trade around 1.7170 on Friday morning. Further corrective downmove is expected with crucial support seen at 1.6960. Only a clear break of this
        Source: DBS Bank  -  353 words
      • Article
        Lock icon Thai, US rating firms team up
        117 10 AFP [BANGKOK] Thai Ratings and Information Services (Tris) said on Thursday that it is forming a three-year partnership with Fitch Investors Service of the United States. TRIS president Vuthipong Priebjrivat said his agency, which previously had a training arrangement with Standards and Poor's, the
        AFP  -  117 words
      • Article
        Lock icon Amex posts record Q1 earnings on funds, life insurance
        267 10 Reuter [NEW YORK] American Express Co on Thursday reported record first-quarter profits, fuelled by a 21 per cent increase in earnings at the company's American Express Financial Advisors unit, which sells mutual funds and life insurance. Net income rose to US$454
        Reuter  -  267 words
      • Article
        Lock icon JGBs hit by waves of selling
        207 10 r>im» Report Reuter [SINGAPORE) Japanese government bond (JGB) futures were hit by waves of selling yesterday following news a medium-sized Japanese life insurance company was to be liquidated. Japan's Finance Ministry ordered Nissan Mutual Life Insurance to halt operations, sparking fears the company might
        Reuter  -  207 words
      • Article
        Futures trade higher on better cash index
        210 10  -  MSCI TAIWAN FUTURES By Perry Gilbert [SINGAPORE] The Simex MSCI Taiwan Index futures yesterday traded higher on the back of a better cash index. The AprU contract dropped to a 5.5-point discount to cash and the opportunity was there for those with a
        210 words
      • Article
        Lock icon Asian oil firms eyeing Myanmar
        205 10 ENERGY REPORT Renter [TOKYO] Some Asian oil and gas companies are ready to fill any vacuum in future energy investment in Myanmar after the US placed sanctions on the military-led country. Company sources said they doubted the sanctions on Myanmar would force US Firms Unocal,
        Renter  -  205 words
      • Article, Illustration
        Untitled
        1233 10 IMTHRBAMR CROSS RATES A&-25 6$ C$ —> EC« ft H W»—Ml V 8w M$ WQNfcte Hm S$ —i Sir WT$ fmm4 «S$~ AMtnh U»5 1(78 0686 4506 1334 1025 27.809 *965 0.971 6.941 1950 U22 ********** UZ3 3.450 U37 ********** 1479 Mm. cm«• Ml 1962 0412 4J5J 1231 1354 216J4
        1,233 words
      • Article
        Lock icon CURRENCY REPORT
        259 10 Reuter AFP TO! Load— THE US dollar was subd&d against the yen as its ment was dampened by a rise in Japanese market interest rates overnight stemnsig from renewed worries over Japan's financial industry, a Moves were small, hoSiJKrer, ahead of this weekeri&'s meeting of G-7 finance ministers
        Reuter; AFP  -  259 words
    • Article
      COMMODITY PRICES
      1308 11 nOOMrUTUKBg Apr25 r^g|g|ak• x tiMflf fflt T x *S t ■> v~ 8ML25 150 729 MIT 155.75 WW 5jfcKL» 51S2 MA 2£ HkVttKfT 157.75 ISO 3100 K3 3 CONTRACT (UScwts/bt) VtfMt 0*M Witt I— Utt 9mm) tnt*rtj| Cyw SS$ ioSio K*5O 7W 900 Jot 97 ***** 104.75 *****
      1,308 words
    • Article
      WORLD STOCK MARKETS
      1837 11 > mm »M Not* 31 Group *****0 -1600 AB Ports 260.400 5.400 AttoyNotlonal 816.400 -10 AMDorncq 43S -1.400 Ajmc 134.400 unch Asda Group 116.400 *2 •ATM 522 3 KHc 179 -4 MCC *****0 -400 MC Group 915.400 6.400 BftPotroiouni 712.400 -3 BT* 250 -4 Bank o< Scotlond
      1,837 words
    • Article
      Lock icon TOKYO
      1567 11 AFP Qnua SHARE prices fell yesterday with the key market barometer closing 0.5 per cent lower on profit-taking following gains among international blue chips and export-oriented issues. Brokers said many investors were sidelined ahead of a US-Japan summit later in the day and a G-7 meeting of finance ministers
      AFP  -  1,567 words
    • Article, Illustration
      Lock icon HONGKONG
      1648 12 Bloomberg CI Hang Seng -8155 STOCKS fell yesterday, even as investors bought shares of China-backed companies, betting their profits will surge as they buy businesses from their parents on the cheap. Chinese investment companies are known as "red chips". The Red Chip Index rose 2.3 per cent. The index
      Bloomberg  -  1,648 words
    • Article, Illustration
      Lock icon CHINA
      646 12 Bloomberg Reuter M Shenzhen B Iraki +012 CHINA B shares rose, driving the Shanghai index to its highest level in more than three years, led by developers such as Shanghai Lujiazui Finance Trade Zone Development. Lujiazui, based in Shanghai's Pudong area, surged 7.3 per cent to a record high
      Bloomberg; Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  646 words
    • Article
      Lock icon TAIPEI
      402 12 AFP Hwp Index *243» SHARE prices closed higher yesterday as favourable profit results from major electronics firms boosted buying interest. "Firm first-quarter results of electronics firms encouraged investors to buy hightech shares," said a trader. The TSE Weighted Price Index rose 24.96 points to 8,654.19. Turnover was 2.8 billion
      AFP  -  402 words
    • Article, Illustration
      Lock icon JAKARTA
      717 12 AFP CI Composite Index -&50 SHARE prices eased yesterday as foreign investors stood on the sidelines, brokers said. "The foreign houses were generally quiet; it's been very much the second-liners that dominated," said a broker. "The market was still awaiting the beginning of the election campaign on Sunday." The
      AFP  -  717 words
    • Article
      Lock icon MANILA
      287 12 AFP Q Manila -3X96 SHARE prices fell yesterday due to disappointing first quarter profit posted by Piltel and negative sentiment on the banking and property sectors. The PSE Composite Index lost 33.96 points to 2,872.37. Turnover was 3.4 billion shares worth 2.1 billion pesos. Piltel closed at 14 pesos,
      AFP  -  287 words
    • Article
      Lock icon SEOUL
      402 12 AFP Composite Index +L6B STOCKS rose slightly yesterday, with investors taking a wait-and-see attitude in the absence of fresh incentives. The Composite Index rose 1.68 points to 692.48. Turnover was 41.6 million shares worth 627 billion won. Risers beat falls 495 to 281. The market opened higher before giving
      AFP  -  402 words
    • Article, Illustration
      Lock icon BANGKOK
      838 12 Reuter □set Index -4.42 STOCKS ended down for a seventh straight session yesterday as nagging economic worries sparked the selling of blue chips, analysts said. The SET Index ended 4.42 points down at 684.00. Turnover was 2.69 billion baht. "I think there are some worries the Bank of Thailand
      Reuter  -  838 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Negative sentiment pulls prices lower
        483 13 AFX-Asia C 3 Composite Index "7-08 SHARE prices closed lower yesterday, with blue chips weaker amid continued negative overall sentiment about the immediate prospects for the market. Dealers said there was some selective interest in second liners and second board stocks. The KLSE Composite Index
        AFX-Asia  -  483 words
      • Article
        Untitled
        7630 13 INDUSTRIALS CMHMV pNAKtt 1997 LMt Vel D«* Net Cap High Low C«mM"V 'OOP High Low P/t >mll T9Q 600 Aiinomoto 645 35.7 /61.4 448 300 ArvjkJSa 316 unch 67 318 312 9.4 **5' 905 670 Apollo Food Hlg 720 -5 13 720 700 428 189 Berjayalnd 302 -2 2444 306
        7,630 words
    • WARRANTS & OPTIONS
      • Article
        Bolton Properties' new warrants could prove rewarding
        192 14  -  WARRANT WATCH By] R Sivanithy NEW warrants are always interesting, especially when they head south after their listing. With plenty of time left, punters who quietly accumulate these instruments and are prepared to hold them for a few months should reap decent rewards.
        192 words
      • Article
        Untitled
        3711 14 BOfBS, LOANS i VARIANTS m 1997 Last V«t Day Lul OuoU A*9 HI* Low Stno C«9MY M COOOI High Low Buyar Ww 68 45 m 3000 m AM08c5.5******6 47.5 48 53 62 415 3)60 -Acar *OK>731 US$ 46 *1 24 46 45.5 46 46.5 131 77 3164 Acma ******4 81.5
        3,711 words
    • Article
      CLOB INTERNATIONAL
      2237 14 MALAYSIAN STOCKS Of Qr 1997 Last Vol Day Last (taste OI» Wv YM Itet MCap twin Law Stea Cwgg S»a fOOO) Law fcgr «a8ar Cw P/* $W "4* 330 m s 5000 AISB 50t 346 *4 2 346 346 348 356 iO 4.9 0.4 70.9 394.9 137 93
      2,237 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1441 15 TUItlOVCX COOO) VALUC('OOO) Mate Q«» >W Q»* T»t«l MfcotoM 34J94 9.47* 44.030 «M*9 WH UMJH Flnanc* 6,006 3.963 9.9*9 6M» i£3 71.702 Hot** 1594 199 1749 3.907 3*9 4J7* PropwIWl 7.9*2 *.100 OM2 40.092 *.000 4*092 PtStMofi 1339 2439 fcj» *.733 Minlna 229 229 602 *02 BtJf 6,380 9J62 11.742
        1,441 words
      • Article
        MAIN BOARD
        4989 15 Gr Cf N Wt MOT Lxt Vat Day Laat Ouot. Olv Otv VM Nat Cap A»« Htgti Law stwa Ca«»any Sala COOP) HI* Law Buyar Satlar C'yf P/C s«* prtc M8USTMALS 5146 ASENTSK)200 US- I MS 885 885 1275 ASF USS0.***** US685 «n* a a ,n 1)4 j«l
        4,989 words
      • Article
        SESDAQ
        1128 15 6r 6f M Wt l*»7 Last Val Day LaitOuata Mv Mv Yld Na« Cap Av» Mm> Low StMo Company SaM (000) Wfli Law feiyar MMr Cvr P/C MMci trtftftn 186 tt5 2000 ABA Mldgs 5c 115 cd 116 125 3.0 6.0 ai 164X 51.1 119 202 144 2049 ASAutoK*
        1,128 words
      • Article, Illustration
        HOT STOCK
        61 16  -  -fcf Shiv Taneja HONGKONG LAND, which closed three cents lower at US$2.l5 on a volume of 2.45 million shares yesterday, will fall further in the days ahead. Based on current charts, the stock could fall below the US$2.lO level in the near future. Investors with a medium to
        61 words
      • Article
        Untitled
        229 16 tcks Votam jTel15c 6,511,000 fjaya Group 2,794,000 Land US$0.10 2,450,000 Keppel Corp 2.364,000 Wing Tai 25c 2,347,000 SIA Foreign 2,155,000 JC-MPH WtOO 2,088,000 *Westmont Land 2,017,000 *KL Industries 1,926,000 DBS Land 1,870,000 Stacks SIA Foreign 26,909,740 UOB Foreign 20,183,155 0C8C Foreign 18,851,717 SingTel 15c 16,467,330 Keppel Corp 15,520,464 DBS Foreign
        229 words
      • Article, Illustration
        Uneasy calm but brokers see support emerging
        682 16  -  STOCK MARKET COMMENTARY Market hit by talk of cat in Singapore's weight in MSCI Far East Index and fears of US rate rise; afternoon buying steers STII away from 2,000 level By R Sivanithy [SINGAPORE] An uneasy calm descended on the local stock
        682 words
      • ON THE GRAPEVINE
        • Article
          Levelling the playing field
          128 16 WHEN the share price of electronics company Sunright Ltd rose sharply yesterday, it was attributed to the positive outlook that the company had projected to stockbroking analysts at an exclusive briefing for them on Thursday. Now, is it fair to disseminate such price-sensitive information to a
          128 words
        • Article
          Ahead of its time?
          123 16 CHARLES SCHWAB CORP, which sells a slew of financial products for brokers, fund managers and banks, has finally arrived in Asia. No, not to Singapore, but Hongkong, where they set up shop recently. A discount broker in the US and best known for its very cheap
          123 words
        • Article
          Gender bender
          98 16 THE flyer from Citibank says: "When you feel good, you look good too." However, our BT staffer who received it was one very irate man, having been offered membership to an exclusive ladies-only health-club, Philip Wain. "I've been a Citibank customer for almost 10 years and they've got
          98 words
        • Article
          Brewer's ad campaign goes flat
          112 16 BRITISH brewers, Boddingtons, have been forced to scrap a costly advertising campaign congratulating British football club Manchester United on reaching the European Cup final. According to Agence France Presse, the Manchester-based brewers were so confident that United would beat Germany's Borussia Dortmund that they went
          112 words
        • Article
          Time for bankers
          120 16 THE Chinese wedding dinner syndrome appears to have infected the loan-signing ceremonies of banks in Singapore. Very often, the signing of loan syndications do not start on time. Invitations to such occasions would indicate that registration of participants would be between 11am and 11.15 am and the
          120 words
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      177 7 We are a fast expanding and dynamic international corporation in the fast-moving consumer goods industry with Headquarters in Germany. Due to our rapid growth in the Asia Pacific Region, we are seeking a highly motivated professional i i FINANCIAL CONTROLLER to assist in implementing and administering our new Regional Asia
      177 words
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      52 9 When the Market gets Going, the Savvy Keep track of the latest .rc— A* Singapore and Kuala Lumpur Jp" stock prices on BT Stockwatch— xk-xgM m http://www.asial.com.sg/btstocks on the Internet. HiKTMiTI BUSINESS CENTRE I YOUR ONE-STOP SITE FOR SINGAPORE AND ASIAN BUSINESS NEWS AND INFORMATION an Internet account call Cyberway
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      62 12 For real-time stock information, Scall Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao. ♦The Australian and New Zealand stock markets were closed yesterday. For further information on which newsstands carry Her World, Go, Singapore Business,
      62 words
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      144 13 mm Land Transport Authority Infoline— COE Bidding Results Car Registration Number Availability. Available on 10th or 11th of every month. All you Available between Saturday and Wednesday each week. All you need is need is enter your IC, Passport or Company Registration enter your Car Registration numberi number and the
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      377 16 VOSBKBSBNotices NOTICE IS HEREBY GIVEN that, I Toh Kim He of Blk 333 Kang Ching Rd 10-268 Singapore *****3, have applied for a Retail Beer Shop in respect of M/s IBP Mart located at No: 6, #01-04 International Business Park Atrium Singapore *****8, and that this application will be considered
      377 words
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      Page 16 Advertisements Column 2
      356 16 NOTICE IS HEREBY GIVEN that, I Lee Kok Weng of Blk 291, Tampines St 22 #07-428 Singapore *****1, have applied for a Ist Class Beer House licence in respect of M/s Hai Kee Eating House located at No. 511 Geylang Road Singapore *****7 and that this application will be considered
      356 words
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      Page 16 Advertisements Column 3
      969 16 Home Decor For people who love their homes To advertise call toll-free 1800-*****83 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LIAN FATT (HUP KEE) CO. PTE LTD (Members' Voluntary Winding-Up) At an Extraordinary General Meeting of the Members of LIAN FATT (HUP KEE)
      969 words
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      Page 16 Advertisements Column 4
      270 16 THE COMPANIES ACT, CAP. 50 FAKHERA ENTERPRISES PTE LTD (In Liquidation) At a general meeting of FAKHERA ENTERPRISES PTE LTD duly convened and held on the 23rd day of Aferil. 1997 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to Section 290(1
      270 words
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      29 16 For real- time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Plugging into Singapore Inc
      1485 17  -  Singaporeans on overseas postings can always count on their trusty Singapore club to help them adjust to unfamiliar surroundings, dayid bobt reports DAVID BOEY WHEN CIVIL disturbances rocked Port Moresby last month, the 30 or so Singaporean families living in the capital of Papua New Guinea
      1,485 words
    • STRAWS In The Wind
      • Article
        Try again, Larry
        75 17 WHAT are some of the silliest questions you can ask the Dalai Lama? Veteran interviewer Larry King of the TV show Larry King Live made these thought-provoking enquiries: How old are you? (The Dalai Lama replied: "61.") So, many more years left? Are you celibate? Is it
        75 words
      • Article
        Turkish trouble
        95 17 DID YOU know that Turkish Delight is more than just a sweet? According to the fine print on a box that one journalist bought, it also improves sexual power. Not all brands make this claim, just this one from the town of Pamukalle. where the white calcium formations
        95 words
      • Article
        Bumper talk
        41 17 SOME bumper stickers we wish we had: Horn broken. Watch for finger. We have enough youth, how about a Fountain of Smart? 1 get enough exercise just pushing my luck. All men are idiots, and I married their king.
        41 words
    • BOOKS
      • Article, Illustration
        Lock icon A severe crisis of conscience
        746 18  -  Albert Speer: His Battle With Truth By Gitta Sereny Published by Picador 720 pages, $24.67 MMuiig suiaLXVAM reviews two books exploring the minds behind historical anomahes KEVIN SULLIVAN P OR much of the Second World War, Albert Speerwas Nazi Germany's production czar, the brains behind
        FILE PHOTO  -  746 words
      • Article, Illustration
        Adding to the pyramid puzzle
        614 18 Keeper Of Genesis, A Quest For The Hidden Legacy Of Mankind By Robert Bauval and Graham Hancock Published by Heinemann 306 pages, $20.50 GRAHAM HANCOCK now subscribes to the academic consensus and accepts that the Great Pyramid at Giza is around 4,500 years old. This
        614 words
      • Article
        Plugging into Singapore Inc
        538 18 COVER STORY SINGAPOREAN EXPATS IN SHANGHAI PRANKIE ONG, the owner of Frankie's Place restaurant in Shanghai, has the benefit of working in a city with one of the largest Singaporean expatriate communities more than 1,200 Singaporeans at the last count. "I was in the construction industry
        538 words
      • Article
        Help is at hand
        91 18 THE SINGAPORE International Foundation's One-Stop Information Centre offers a wide variety of reference material useful to Singaporean families thinking of relocating abroad. Ifr) centre has brochures on International schools in the region. material cm countries in Asia, AfHca and the Americas, as well as Information on
        91 words
    • COLLECTING
      • Article, Illustration
        Class acts from the world of art
        1077 19  -  Tresors is back for its fifth showing in Singapore, hum mumhob takes you on a quick tour of who's new and what"s hot at the more than 50 stands this year BEN MUNROE After a glittering opening on Thursday, with an inaugural address
        1,077 words
    • Article, Illustration
      Adrian Lim revisited
      612 20  -  CINEMA God Or Dog has its share of good moments, bat these are overshadowed by the movie's many exploitative sex scenes ftl/\ Corinne Kerk HOW MANY times can one produce a film based on the same story and still make it worth watching? Not many, as God
      612 words
    • Article, Illustration
      Home is where the hurt is
      654 20  -  CINEMA Marvin's Room takes a long hard look at a painful family situation, bnt guides you through its saddest moments with grace and humour By Corinne Kerk IT'S HARD to imagine that a film about ill health, pain, suffering and ageing can be entertaining,
      654 words
    • Article
      Turning bad taste into hip art
      598 21  -  NIGHTSPOT The Boom Boom Boom not only boasts the talents of Kumar and Leena, it also provides a platform for emerging young talents By A Surendren I FOUND a sure-fire cure for the mid-week blues at Bugis Village. I found myself in the Boom
      598 words
    • WHAT'S ON
      • Article
        THEATRE
        120 21 Destinies Of Flowers In The Mirror Conceived and directed by Ong Keng Sen, the play focuses on a group of women who heal and perform miracles on an island called Paradise. Presented by Theatre Works. May 1 to May 10, Bpm inside the Sun tec City Fountain. Tickets: $30
        120 words
      • Article
        CONCERT
        62 21 Singapore Symphony Orchestra Conducted by Choo Hoey and featuring guest violinist Ulf Hoelscher, the SSO will perform Kodaly's Symphony, R Strauss' Violin Concerto, Op 8 and Elgar's In the South, Alassio, Op 50. O May 2 May 3, 8.15pm at the Victoria Concert Hall. Tickets: $8, $13, $18, $25
        62 words
      • Article
        EXHIBITION
        66 21 The Sacred Seasons (Les Saisons Sacrees) On display are contemporary Vietnamese paintings by outstanding artists Nguyen Phuoc and Bui Huu Hung. Les Saisons Sacrees illustrates the rhythm of life of the Vietnamese people, their festive traditions and popular rituals. Apr 23 to May 23, Mon-Sat: 10.30 am to 6.30
        66 words
      • Article, Illustration
        Lock icon AUCTION
        65 21 The Art Of The Living World Bonhams is offering for sale almost 100 paintings and sculptures of endangered wildlife species. The exhibits are captured on canvas, paper or sculpture by artists like David Shepherd. Paul Apps and Alan Hunt. O Auction on Apr 26, 3pm at Casuarina Suite A
        EMMA FAULL  -  65 words
      • Article
        TALK
        72 21  -  Compiled by M Yasotha Factoring And Financing To Small And Medium Enterprises Jointly organised by DBS Factors, DBS Finance and The Association of Small and Medium Enterprises, this talk focuses on the types of financing facilities available at DBS Finance, and how to use your receivables to finance your
        72 words
    • EPICURE
      • Article, Illustration
        Lock icon Georges gets a facelift
        726 22  -  :"Le Meridien has combined its two F&B outlets to create Cafe Georges, iinm bb finds the new concept both hip and refreshing JAIME EE THERE'S not a more depressing indicator of the retail doldrums than the Meridien shopping centre. It isn't a shopping centre —it's a
        CHRIS LOH  -  726 words
      • Article, Illustration
        Innovative approach to traditional cuisine
        592 22  -  RESTAURANT ChtfF* Wing Tin has come up with a delicious new menn for Xin Cuisine Byi Corinne Kerk ACCORDING to a Concorde Hotel press release, the Mandarin word "Xin" means new, innovative and exciting. Consequently, its Chinese restaurant, Xin Cuisine, will always "strive to present
        592 words
      • Article, Illustration
        No-nonsense food at sensible prices
        740 22  -  RESTAURANT EQenberoagliCafeis a modest eatery with enough plus psmts to keep its customers fiatifffiftd By, JAIME EE CONSIDERING that it is pitching itself as a no-frills budget hotel, the new Merchant Court Hotel may be making itself out to be more humble than it really
        740 words
    • Article, Illustration
      CINEMA
      1108 23 Baiqulat First full-length feature film by an artist (Julian Schnabel) about an artist. Starring Jeffrey Wright as Basquiat, with a host of celebrity co-stars. R(A). Lido: 11; 1.30. The BMiiHnl»n H»e Beast. An air-head science teacher with an irritatingly nasal laugh and a mean dictator (is there any other
      1,108 words
    • TRAVEL
      • Article, Illustration
        Lock icon Chasing the sun
        1432 24  -  It From crass Kuta to cosmic Borobudur, jay khosla braves public buses, smouldering volcanoes and lie rigours of urut massage for a glimpse of the perfect light in Java JAY KHOSLA HREE o'clock in the morning is an ungodly hour to H meet the gods. But Bromo
        CHUA  -  1,432 words
    • ISEAS TRENDS
      • Article, Illustration
        Lock icon Relations across the Tasman Sea
        1032 25  -  The forces of globalisation have encouraged a finning up of ties between Australia and New Zealand. RameshThakur looks at the issue Ramesh Thakur Professor Ramesh Thakur is Head of the Peace Research Centre at the Australian National University, Canberra. PEW other countries, and no two
        AFP  -  1,032 words
      • Article, Illustration
        Lock icon PNG: travails of an unrepresentative democracy
        1060 25  -  An Australian-style constituency-based electoral system grafted onto a clan-based system isthecanseofmanyof Papua New Guinea's problems By Alan Robson Dr Alan Robson is with the Department of Political and Administrative Studies, The University of Papua New Guinea. THE recent civil and military unrest in Papua
        REUTER  -  1,060 words
      • Article, Illustration
        Lock icon No easy ride for East Asia's economic rise in next century
        1204 26  -  In their transition to more industrialised and highly developed societies, the countries of East Asia will encounter a range of difficulties. Biison Knras tells us what they are Bllson Kurus Dr Bilson Kurus is a Visiting Research Associate with
        AFP  -  1,204 words
      • Article, Illustration
        Where art is commerce
        1080 26  -  BOOK REVIEW A new book casts a different light on the Renaissance py Amyn B Sajoo Dr Amyn B Sajoo is a former Canada-Asean Fellow at ISEAS, currently an independent consultant based in Vancouver. WHEN in the heady 1980s and early *****, Japanese, then Hongkong, tycoons
        1,080 words
      • Article
        Parlaying art into power
        588 26  -  To some people, art collecting is a means to the acquisition of power more than anything else By. Derek da Cunha Dr Derek da Cunha is a Senior Fellow at ISEAS. He steps down as Editor of Trends with this issue. POWER expresses itself in a
        588 words
      • Article, Illustration
        Lock icon A financial system facing challenges
        1472 27  -  Vietnam's banking authorities are struggling to determine the size and extent of current banking and enterprise losses. Carolyn i> Gates and David H D Traong examine the progress and weaknesses of Vietnam's transforming financial system Carolyn L Gates and David H D Truong Dr Carolyn
        REUTER  -  1,472 words
      • Article, Illustration
        Lock icon Fuelling growth via participatory development
        700 27  -  The capacity of people to participate in the nation-building process is central to economic development Ry\ Nguyen Xuan Oanh Dr Nguyen Xuan Oanh is President, N X Oanh Associates Ltd, (Business, Management, International Finance) in Ho Chi Minh City, Vietnam. THE compelling experience of world
        REUTER  -  700 words
      • Article, Illustration
        Lock icon When newspapers are seen as self-serving
        890 28  -  g«'« examines the reasons why foreign newspapers are prevented from being printed and circulated in India Arvind Kala Arvind Kala is with the New Delhi-based organisation Asian Scan. SIX years after India began dismantling state controls to open up its economy, one hangover from
        REUTER  -  890 words
      • Article
        Reflecting upon Middle East peace prospects
        800 28  -  One year's difference has changed the political climate in the Kiddle East from one of optimism to one of pessimism Mazen Nagi Mazen Nagi is with the School of Social Sciences, Universiti Sains Malaysia ABOUT a year ago, in the immediate aftermath of Israeli
        800 words
      • Article, Illustration
        Lock icon A milestone treaty between Dhaka and Delhi
        1267 28  -  He cendosien of a Ganges water treaty between Bangladesh and India is expected to open 19 a range of economic opportunities not just for the two states tat also pthers in Sooth Asia By] Hossain Dr Ishtiaq Hossain is a Senior Lecturer in
        Source:  -  1,267 words
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      76 18 Rising,. h Occasion .X ii. ijfdi'Tf7tfin jr openings anniversaries ISO certification M^jfl -1 OKKKFmKSr ceremonies Pw;-;T SBW^:aMaSJ%§^ <ps> -w^s^™ These and other corporate milestones present perfect opportunities f to enhance your corporate image with a self-funding special feature in our newspapers. i For more information on how you can rise
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      8 18 Available at Times bookshops Available at Times bookshops
      8 words
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      41 20 I Specialist I in Residential Letting and I Property Management I in London I •I T I For further information on which newsstands carry Her Wolrd, Go, Singapore Business, Home Decor, Young Parents, please call our Customer Services Section on 1800-749-2577.
      41 words
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      28 20 KITCHENS SMART LOOKS ■pjpP': S^H GET IT NOW! T»mes the Bookshops. NTUC Supermarkets (Onokurnya 7-Eleven «MPH STOP PRESS kiosks Cotd Storage She* Esse Ca*ei. MoW SPC .BP JRmgw
      28 words
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      248 21 Where to wine, dine and entertain. kttp:// www.ana-kotels.com Not just seafood either. Visit our Home page and you can order tonight's dinner from our cyter selection. Browse through the menu, leave us your order and it'll be ready to pick up before you can say 'information superhighway'. We call it
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      140 21 raSBxIMSI APOLLO HOTEL. Ilr mr\ 1 smsaporc Kampung Days Carle Yromotion Ist 30th April *97 Kintamani Indonesian "Restaurant yam Coco (Grilled kampung chicken) Price $17.00++* jAyam Von gal a (Kampung chicken stuffed with chopped prawns) Price $22.00+++ IBelut "Blambangan (Marinated fresh eel. grilled to perfection in the old kampung style)
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      117 21 Our Great Seafood Promotion Is Back! $31.50+++ Child: $18.50+++ Every Friday and Saturday. From 6.30pm to 10.00pm. I Reservations, please call 731-7990. lK~\ se c*owwe nxue Road, Singapore22B22o. We've Stretched Our Serving Hours for "TUN C H Cafe Plaza Tunch" Is the best for I lunch and high tea rolled
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      118 21 '(I V 4 SECRETARIES WK I 1 AT RAPHAEL fr 3 Celebrate this occasion at Restaurant Raphael. iL 4 Our exquisite 6-course pi set lunch meal is |L guaranteed to be W 2 UNFORCETABLE! L 3 From 21 -27 April 1997 Only at $25+++ per person. W For reservations, please
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      181 21 1 FLAVOUR I i OOES CANTONESE 9 <it tAo Veptune from now tl// M«iy. f 4 Pnjoy OrtrtcA Jistas, SovtA African win# «nj 9outi Africcn B»vu# J for on/.y for a tabh of 10. "g fc Vou eovM win <t trip to Soutt Afrteo Movrltiur tn o«r Iwciy Dnw! Call
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  • Page 22 Advertisements
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      50 22 |r 1 I If you are pining for polenta*. We're open. Braiecd Lamb Shank with Polenta, $16.00. l* CAFE LES AMIS.. AT THE ACM All the frills without the fuss. Good food, great wines. M Asian Civilisations Museum 39 Armenian Street #01-01 Singapore *****1 Tel: 3360 500 Fax; 3333 466
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      Page 22 Advertisements Column 2
      91 22 pedigree Alsatian At Domaine Weinbach. Colette Faller and her daughters fashion Impeccable Alsace wines of great finesse, from the di scented GEWURZTRAMINER CUVEE THEO io the incredible nectar that is the TOKAY "QUINTESSENCF DE GRAINS NOBLES. The wines of Domaine Weinbach are available at Bacchus (Paragon) Bonne Sante Wine Bar
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      2046 23 TODAY'S TV rT 3.00 Prince Valiant. PBTMOTiyMHUH wmuiiMfl Lj 330 ThePastagums. 12.00 NN TV Innovations. H l/C 4410 Columbus. T i f car using a false driving Lo PM Te J t ni f^f TP Tour r 830 Jackie*Herßushbabyin o licence and goes on an 2.00 Amazing Games: Canada I
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  • Page 27 Advertisements
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      197 27 Books from 5 Css Books from Books from 151 Ri Books from IS?Ji3 4j Ethnic Chinese as Southeast Asians The resurgence of China and ethnic Chinese m EL investment in their ancestral land have caused ASI 3 ¥1S 8 concern among some non-Chinese Southeast Asian elites. They have begun to
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