The Business Times, 15 March 1997
1997-03-15
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The Business Times
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Article23 1997-03-15 1 U88 um iftwrzizz tSz: S! 1Mb TT-T *jaf m h..,. |*P IjflP i (H I UK un tut 9* (Source: NatWest Bank)23 words
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606 1997-03-15 1 Siow Li Sen - Group profit jumps 19.7% to $3!0m; rights fixed at 36% discount to prices at Thursday's close By I Siow Li Sen [SINGAPORE] Overseas Union Bank (OUB) yesterday announced a one-for-five rights issue to raise over $700 million and a 19.7 per606 words
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Article, Illustration416 1997-03-15 1 R Sivanithy - By\ R Sivanithy [SINGAPORE] A steep drop on Wall Street on Thursday had severe repercussions throughout the region's stock markets yesterday, with losses ranging from 1 per cent in the Philippines to 3 per cent in Thailand. Here, the Straits Times Industrials IndexSource: Bloomberg - 416 words
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Article, Illustration406 1997-03-15 1 Diana Oon - By] Diana Oon (SINGAPORE] Property tycoon Ng Teng Fong looks to be pushing the property market to its limits. Far East Organization yesterday launched its 56-unit, freehold Gardenville condo project on Walshe Road, off Stevens Road, at a surprisingly high average406 words
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382 1997-03-15 1 Chuang Peck Ming - Move enables tie-ups with groups such as Keppei, Semhawang Bj/i Chuang Peck Ming [SINGAPORE] Defence Science Organisation the research arm of the Defence Technology Group in the Ministry of Defence will be corporatised from April 1, paving the way for382 words
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Page 1 Advertisements
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Advertisement24 1997-03-15 1 I Sdß mho Atao expert Vfi > The friadrin cottttitta 5Q V onto* compared with mope fMWBPORBNEWS 2 jPBR&ONAL FINANCE 4 f 1 0 924 words
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Advertisement94 1997-03-15 1 Wogfaral OTpai—ki won't make OUB vulnerable, Pg 7 OUB profits below forecast, f\atats37.sm,Pg7 OUBmtitrmathmdespite rights issue, Hock Lock SiewPg 7 Explore. 1 new dimensions in time. £jjr«Sport Classique» in steel and gold with and without diamonds. Water resistant to SOm. x. 5 year international warranty. Authorised Dealers: &ir -ft Roy94 words
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Advertisement46 1997-03-15 1 i 7 —IFl^HHH I £S REUTO Bowing oat [TOKYO] The president ofJapan's top brokerage Nomura Securities, Hideo Sakamaki, bowing at a news conference in Tokyo yesterday. He is resigning from his post in the wake of a scandal over suspected iUegal deals. FuH report, Pg 946 words
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SINGAPORE AT HOME & ABROAD
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308 1997-03-15 2 NTUC Income expects its Managed Healthcare System (MHS) to pay for itself within the next two years, and to increase the number covered by 300 per cent in five years, chief executive officer Tan Kin Lian said yesterday. "Right now, we do not308 words
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Article, Illustration540 1997-03-15 2 Ronnie Lim - BHp continuing tilkg with Mobil fora possible 4th complex in Singapore By\ Ronnie Lim US-BASED Exxon Chemicals yesterday announced that it was going ahead with its US$2 billion (SS2.B billion) petrochemical complex here making it Singapore's third even as officials from the Economic DevelopmentJEN CHUA - 540 words
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Article346 1997-03-15 2 Shiv Taneja - Lending growth to non-hank customers fell to 144% end-Jan By\ Shiv Taneja OVERALL bank loans growth to non-bank customers fell below the 15 per cent level at endJanuary to 14.6 per cent, down from last year's growth of 16.5 per cent, the latest data from the346 words
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Article1309 1997-03-15 2 CITY FII6HT ETA FLIGHT ETC AbaOluM 8Y610 2025 6A890 0120 jj 0 1130 BY609 0735 S0175 WW VN740 1410 AMMt BY609 0620 0f82 2050 HatYal MI893 VH5 TG408 0820 S0230 1815 BY610 2140 TG407 OfBI 1930 WM 1820 RJ187 0130 MwaWa S0977 1720 S0978 0145 kmfrim1,309 words
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Article, Illustration457 1997-03-15 2 Conrad Raj - But in the long term, it will have an impact, says SembCorp official By I Conrad Raj SEMBAWANG Corporation's new shiprepair yard on the Indonesian island of Karimun at its current size will not have a significant impact on Singapore's marine sector,457 words
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494 1997-03-15 2 She's seeking QCTs advice on whether to use Women's Charter The Straits Times MRS Tang Liang Hong may ask a judge to decide if the family bungalow in Hua Guan Avenue, in Bukit Timah, be longs to her or herThe Straits Times - 494 words
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177 1997-03-15 2 AN INTERNET website allowing users to listen to local radio programmes was launched here yesterday. The website, called SoundNet, is a joint production between Singapore Press Holdings (SPH) and Rediffusion. Sound Net users can access two of Rediffusion's broadcast channels: the Gold Channel177 words
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147 1997-03-15 2 TREASURY Building will be renamed Temasek Tower with effect from tomorrow, its owner Pidemco Land said yesterday when announcing plans to refurbish the Shenton Way landmark. The 10-year-old building will be renovated in two phases. The first includes adding a vehicle drop-off point at147 words
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Page 2 Miscellaneous
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Miscellaneous208 1997-03-15 2 CRYPTIC CROSSWORD 1 From riverside, leave for a 9 Country rent again in revo- j—^^ 10 Antiquity, with scripture, is A cake, desired at First by ZZP^jP^iH—J^—— 13 Make more popular, giving —Lh ——U complete attention 15 Demonstrates against sol- 18 I I p° diers' accommodation 21 Porcelain broken by208 words
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Page 3 Advertisements
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Advertisement28 1997-03-15 3 *t§k-m r^ flliiiSfi'^jf^»K"-^v^^.■"t^K- JBPv?sSPSrayfr --i-■ t m^"f .-.vA.^>ssl^ w Ht H jS V flp||gJjß A v ££v^% Hk. Iu fVUB Hp tottHijl wf-j^^ ''^SH Ifc- M m ;^mm28 words
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FOCUS: PERSONAL FINANCE & INVESTMENT
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BULL'S Eye
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Article, Illustration726 1997-03-15 4 Those polled for their views on next week's Singapore stock market outlook are: Daiwa Securities, Deutsche-Morgan, Fraser Securities, GK Goh, ING Barings, Merrill Lynch, Phillip Securities. ♦(Neutral) VickersBallas, March 11, $4.10 Results were generally in line with expectations. We expect the loans portfolio (which grew 26 per726 words
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Article, Illustration409 1997-03-15 4 Wong Yit Fan - Wong Yit Fan chief economist, SEA A Indochina, Standard Chartered Bank um HERE clearly are I problems in ThaiX land, but it serves to pause and place things in perspective. Many wrongly consider the baht a weak currency. A country's currency is judged to be strong or409 words
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Article, Illustration954 1997-03-15 4 Lee Yoke Har - There's still money to be made in emerging market debt By Lee Yoke Har [SINGAPORE] AS an asset class, emerging market debt, ineluding Brady bonds, have not lost their shine despite bumpy rides sparked by recent fears of rising US interest rates. Consider this: defaults inSource: - 954 words
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936 1997-03-15 4 David Goh - The Back of the ENVELOPE Is this a repeat of the post-war boll run, and when will we know if a full-blown bubble is upon us? By David Goh The writer is a lecturer (Banking Finance Division) at Nanyang Technological University.936 words
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500 1997-03-15 4 Larry Wee - By\ Larry Wee [SINGAPORE] To achieve a higher return on your term deposit with a bank, you must be willing to accept a higher risk profile. Anyone who claims otherwise may not be telling the complete story. Usually, but not always,500 words
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473 1997-03-15 4 Al Labita - EYE ON THE REGION: PHILIPPINES Al Labita THE Philippine share market is still in consolidation amid fresh concerns about surging US interest rates. However, some analysts expect better sentiment to prevail three weeks from now should the April reporting season bring473 words
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REGION
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268 1997-03-15 5 SHANGHAI AFP CHINA'S internal trade ministry has given a boost to international retailers, announcing new guidelines that favour the participation of Japanese, European and US firms in joint ventures with local partners, a newspaper said yesterday. The Business News dailyAFP - 268 words
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170 1997-03-15 5 KUALA LUMPUR AFP MALAYSIA officially took over the leadership of the Kuala Lumpur-based international rubber producer-consumer group, ending a year-long dispute with Indonesia over the post. Ahmad Zubeir Noordin, deputy secretary-general of the Primary Industries Ministry, was elected executive director of the 17-year-old International NaturalAFP - 170 words
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Article140 1997-03-15 5 TAIPEI Reuter TAIWAN'S Eva Airways said yesterday it had opened an office in Beijing, positioning itself to take a slice of China's growing aviation market despite Taipei's ban on direct air links to the mainland. "Our Chinese head office was opened in Beijing on March 12Reuter - 140 words
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Article, Illustration468 1997-03-15 5 BANGKOK Saudi billionaire faces charges of embezzling 1.6b baht from Bangkok Bank of Commerce AFP THAILAND issued a warrant yesterday for the arrest of Saudi billionaire Adnan Khashoggi in connection with a banking scandal, a police spokesman said. Khashoggi was wanted on charges of embezzlingAFP - 468 words
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357 1997-03-15 5 BANGKOK They sold substantial amount of shares before merger was announced, says SEC Reuter Bloomberg THAILAND'S securities watchdog announced yesterday a probe into executives of the nation's top finance firm Finance One for possible insider trading, the same day the group finalised a mergerReuter; Bloomberg - 357 words
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Article, Illustration57 1997-03-15 5 .SYDNEY] A member of the Sydney Symphony Orchestra wheels her cello in front of the Sydney Opera House yesterday after police evacuated the building due to a bomb threat. Workers and members of the public were not permitted back inside or on the forecourt stepsfor over two hours asREUTER - 57 words
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341 1997-03-15 5 Quak Hiang Whai - HONGKONG Airlines dissatisfied with HE Airport Authority's denial By i Quak Hiang Whai THE chief executive of Hongkong's Airport Authority denied yesterday that proposed charges at the new airport will be more than two and a half times higher than existing341 words
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MOTE Book
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Article64 1997-03-15 5 AFP [TOKYO] Radioactive contamination at a Japanese nuclear reprocessing plant, caused by fire on Tuesday, has spread to a third facility on top of the two already affected, officials said yesterday. Officials from the Power Reactor and Nuclear Fuel Development Corp (Donen) said radioactivity had beenAFP - 64 words
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69 1997-03-15 5 AFP [MANILA] Philippine President Fidel Ramos yesterday approved a repent backing a controversial 1.89 billion peso (Sslo3 million) property Joint venture between the government and a Thai-led consortium, the presidential palace said. The report by a cabinet-level committee recommended the government go ahead with theAFP - 69 words
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Article69 1997-03-15 5 Bloomberg [TOKYO] Japanese bankruptcies in February rose for the third time in the last four months, according to Tokyo Shoko Research, a private research institute. Bankruptcies rose 5.2 per cent in February from the same month a year ago to 1,225 cases, the institute said.Bloomberg - 69 words
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366 1997-03-15 5 KUALA LUMPUR Bernama FOREIGN Minister Abdullah Ahmad Badawi said yesterday he will leave it to the Cabinet to decide on the apology by Singapore Senior Minister Lee Kuan Yew for his statement on Johor. "For the moment, there is no needBernama - 366 words
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470 1997-03-15 5 Loh Hui Yin - HONGKONG Official declares independence on trade matters By\ Loh Hui Yin EVEN after China becomes a member of the World Trade Organisation, Hongkong will remain a "Rill equal partner" of the international trade body and will even argue against470 words
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Page 5 Advertisements
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Advertisement28 1997-03-15 5 If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C JLT.S. at 1800-737-1166. CATS. I Another Classified Service28 words
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Advertisement97 1997-03-15 5 Sime Singapore Limited NOTICE OF CHANGE IN BOOKS CLOSURE DATE FOR INTERIM DIVIDEND All shareholders are hereby notified that the Books Closure Date for determination of entitlement to our Interim dividend for the year ending 30 June 1997 has been changed to 12 MAY 1997. Registrable transfers received by the97 words
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Page 5 Miscellaneous
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Miscellaneous223 1997-03-15 5 THE WEATHER Stapptres Showers with thunder over most areas in the late morning and early afternoon. Temperature (32-23) Europe HVLo* Goad. America HVLo* Cood. Aaia-Picdk HVLo* AnrHerdaiii 11/04 Kain Atlanta 11 M Cloudy Vurtlanl 42/1B (loudv Alliens ***** Showers Buenos Aires 44/13 Sunny Bangkok 36/44 (Toudv Kertn Will Kain CNraffi223 words
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THE WORLD
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419 1997-03-15 6 WASHINGTON 0.4% fell is second consecutive monthly decline Bloomberg, Reuter Reuter INFLATION was a no-show again in February as prices paid to US factories, farmers and other producers unexpectedly fell 0.4 per cent the second consecutive monthly decline. Falling oilBloomberg, Reuter; Reuter - 419 words
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Article207 1997-03-15 6 WEST PALM BEACH, Florida AFP PRESIDENT BUI Clinton was rushed to Washington from Florida yesterday for surgery to repair a knee tendon torn in a late-night fall, vowing he would still fly to Finland for a summit with Russia's President Boris Yeltsin next week. DoctorsAFP - 207 words
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547 1997-03-15 6 BOSTON It says the large increase in assets is tied mostly to the appreciation in prices Bloomberg ALL the talk about how much money the average American is pouring into the stock market is exaggerated, according to a new report. In fact, USBloomberg - 547 words
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Article, Illustration48 1997-03-15 6 [VARNA, Bulgaria] A Bulgarian woman looking at a turbotfish through the glass ofa pool at an aquarium in the Black Sea port of Varna yesterday. Turbot have become increasingly rare along the Bulgarian Black Sea coast and are protected as an endangered species by law. REUTERREUTER - 48 words
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345 1997-03-15 6 NEW YORK Marginal April rate hike could be followed by one or 2 others Reuter THE Federal Reserve should raise interest rates soon, but probably will not do so in March, says economist Henry Kaufman. Mr Kaufman, president of Henry Kaufman Co Inc,Reuter - 345 words
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170 1997-03-15 6 SEOUL AFP [SEOUL] South Korea yesterday scrapped restrictions on overseas financing by local banks and corporations in a move seen to cope with a foreign currency shortage and to stem the free fall of the won. Effective immediately, local banks can take outAFP - 170 words
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Page 6 Advertisements
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Advertisement741 1997-03-15 6 Overseas Union Bank Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Bank Limited wishes to announce: 1 AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1996 The Bank The Croup 1996 1995 1996 1995 SJ'OOO SJ'OOO JJ'OOO ssooo Interest income 1,561,257 1,235,137 26.4741 words
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Page 6 Miscellaneous
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COMPANIES & MARKETS
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Article, Illustration428 1997-03-15 7 Lee Han Shih - It sells controlling stake in Sri Lankan phone network By) Lee Han Shih [SINGAPORE] After seven months under a new management, Transmarco Ltd is giving all the signs of beating a fast retreat from the telecommunications market. Yesterday the listed retailer said it agreed to sell428 words
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Article366 1997-03-15 7 Ang Wan May - Results below forecast; 1997 will net be much better By Ang Wan May [SINGAPORE] Overseas Union Enterprise (OUE) yesterday reported flat growth of 0.03 per cent in net earnings to $37.5 million, reflecting poor local conditions for hotel and catering operations. The results of366 words
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672 1997-03-15 7 Catherine Ong - HOCK LOCK SIEW Catherine Ong OVERSEAS Union Bank's share price may well take a dip on Monday with the announcement of a one-for-five rights issue to raise $700 million, the biggest fund-raising exercise in the local market in recent times. Any downward672 words
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Article, Illustration384 1997-03-15 7 Siow Li Sen - Bank will continue to expand aggressively By\ Siow Li Sen [SINGAPORE] Overseas Union Bank president Peter Seah says the group will continue to expand aggressively in the region and dismissed the concerns of foreign analysts who view the highly regulated Singapore banksGEORGE GASCON/ST - 384 words
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Article, Illustration373 1997-03-15 7 R Sivanithy - Indon businessman's move didn't snrprise market observers By R Sivanithy [SINGAPORE] Indonesian businessman Johannes Kotjo's sale of his entire stake in United Pulp Paper this week did not surprise the market as observers had expected the move sooner or later. Those who follow theSource: Bloomberg; ALLAN - 373 words
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SINGAPORE & MALAYSIAN COMPANIES
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403 1997-03-15 8 Eddie Toh - Focus of probe said to be heavy trading of shares before merger plan was annoonced Prom, Eddie Toh in Kuala Lumpur MALAYSIA'S central bank. Bank Negara, is investigating listed Pacific Bank. An official of Pacific Bank, in which Sin-gapore-listed OCBC Bank has a 30403 words
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Article124 1997-03-15 8 [SINGAPORE] Mainboardlisted Sea View Hotel yesterday announced a 16.7 per cent rise in group net earnings to $1.78 million at half-time on a 17 per cent higher turnover of $12.3 million. The hotel operator may meet market expectations for the full year, if it124 words
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382 1997-03-15 8 Shares have fallen &2% in two weeks to close below $10 Bloom berg [SINGAPORE] Shares of Keppel Corp fell to a three-year low on concerns about its earnings prospects, after its lower-than-expected 1996 profits. Keppel's shares fell for a fourthBloom berg - 382 words
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COMPANY Briefs
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82 1997-03-15 8 [MANILA] The listed Philippine flagship of Malaysia's Mulpha International Bhd is selling its 27 per cent stake in a power generation firm to an American company for 275 million pesos (Ssls million). Mabuhay Holdings Corp told the Philippines Stock Exchange yesterday that the82 words
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43 1997-03-15 8 [SINGAPORE] Sembawang Corporation Ltd has received court approval to halve Sembawang Aviation's share capital from $40 million to $20 million. Sembawang Aviation is wholly-owned by Sembawang Industrial Pte Ltd. The latter company, in turn, is wholly-owned by SembCorp.43 words
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62 1997-03-15 8 [SINGAPORE] Sin Soon Huat Holdings Pte Ltd has reduced its majority stake in Sesdaq-listed Sin Soon Huat Ltd (SSHL) from 51 per cent to 45 per cent by selling 12 million shares to several institutions. As a result, the public float of62 words
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Article134 1997-03-15 8 Bloomberg [KUALA LUMPUR] Time Engineering Bhd estimated it will post a 1996 net profit of M 524.8 million (5114.4 million), which would be below analysts' forecasts. Time, a Malaysian telecommunications and engineering company, made the statement in a circular to shareholders about its proposedBloomberg - 134 words
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107 1997-03-15 8 AFX -Asia (JAKARTA) PT Gudang Garam lost about 8.5 billion rupiah (515.1 million) to a fraud, police said. "Based on the results of an investigation, Gudang Garam was defrauded of 8.5 billion rupiah by a deputy cashier who made a fictitious financial reportAFX -Asia - 107 words
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308 1997-03-15 8 [SINGAPORE] Almost half or 48.5 per cent —of the shares in printed circuit-board maker Gul Technologies' initial public offer have been allotted to investors who applied for 1,000 to 9,000 shares, typically favouring the small retail investor. Twelve out of every 100308 words
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Article, Illustration630 1997-03-15 8 Kenneth James - Company sees growth and profitability in tctoconw sector From Kenneth James in Hanover, Germany IPC Corp chairman Patrick Ngiam yesterday spelt out his plan to get his bleeding company back to health: scale back and revamp its core computer business630 words
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206 1997-03-15 8 [SINGAPORE] Chip distributor Flextech Holdings yesterday announced a 38.9 per cent rise in group net earnings to $5.02 million for 1996. Analysts were almost spot on with their earnings forecast for the Sesdaq-listed group. The market had expected Flextech to post earnings of $5.1206 words
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REGIONAL/INTERNATIONAL COMPANIES
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441 1997-03-15 9 Chairman vows to expand property portfolio as operating profit tumbles 23% Bloomberg [HONGKONG] Swire Pacific Ltd, a UK-controlled conglomerate that sold assets last year to boost profits, is staking future earnings on acquisitions this year. Swire, one of Hongkong's oldestBloomberg - 441 words
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323 1997-03-15 9 Anthony Rowley - From Anthony Rowley in Tokyo THE president of Nomura Securities, Hideo Sakamaki, resigned from his position yesterday in order to "take responsibility" for the latest involvement of Japan's leading brokerage in a scandal involving dealings with underworld elements. But other developments suggested323 words
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Article, Illustration62 1997-03-15 9 [ZURICH] Ciba Speciality Holding's chief executive officers Rudolf Meyer, Michael Jacob and Hermann Vodicka (back row from left) watching a monitor at Credit Swiss' electronic stock market dealing department in Zurich, on the first day of Ciba shares trading on Thursday. The shares opened at 112.75 SwissREUTER - 62 words
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135 1997-03-15 9 Bloomberg [JAKARTA] PT Sinar Mas Multiartha, the holding company for the financial services interests of the Sinar Mas group, said yesterday that its 1996 net profit rose 39 per cent on higher turnover. Net profit rose to 197.97 billion rupiah (Ssll7 million), or 298Bloomberg - 135 words
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401 1997-03-15 9 Quak Hiang Whai - HKsl.o9b earnings achieved on 34% rise in turnover From Quak Hiang Whai m Hongkong ROBERT Kuok's Shangri-La Asia Ltd lifted earnings 26.7 per cent to HK$l.O9 billion (Ss2o2 million) for the year ended Dec 31, thanks to strong contributions from the401 words
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COMPANY Briefs
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74 1997-03-15 9 Reuter [AMSTERDAM] Bankrupt Dutch plane maker Fokker NV said on Thursday that Dutch parties involved in possible rescue talks had agreed on a common position to take into fresh negotiations with the Malaysian government to win its involvement in Fokker's relaunch. Fokker's court-appointed administratorsReuter - 74 words
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79 1997-03-15 9 Reuter [LONDON] Shares in BAT Industries pic tumbled yesterday following a US court ruling. BAT shares dropped 31 pence to 523.5 pence by 0005 GMT, while shares in Imperial Tobacco Group fell three pence to 435.5 pence. In the US, Philip Morris Cos IncReuter - 79 words
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81 1997-03-15 9 Bloomberg [WASHINGTON] Ford Motor Co will raise as much as U*****.6 million (Ssso7 million) when it sells a 16.6 per cent stake in its Hertz Corp car-rental unit through an initial public offering, valuing the unit at as much as U552.52 billion. TheBloomberg - 81 words
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83 1997-03-15 9 Bloomberg [LONDON] British Airways stopped using its Boeing 777 jetliners for flights across the Atlantic because of a fault in its General Electric engines, but said it should solve the problem and resume the flights this month. BA owns three of the 280-seat, long-rangeBloomberg - 83 words
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292 1997-03-15 9 Reuter [TOKYO] Japanese telecoms giant NTT Corp said yesterday that its joint bid with British Telecom for a phone licence in Singapore is the first step in its strategy to seek different partners for various projects and regions. Nippon Telegraph andReuter - 292 words
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FINANCE & COMMODITIES
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415 1997-03-15 10 Concerns over currency risks prompting them to sell bonds on US dollar rallies Reuter {TOKYO] Japanese life insurers have altered their traditional investment strategy of holding on to US bonds for the long term and are starting to sell them for quick profitsReuter - 415 words
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141 1997-03-15 10 [SINGAPORE] Sin Soon Lee Development has tapped $152 million from Singapore's domestic capital market through the issue of a five-year secured bond. The bearer bond, in denominations of $250,000 each, carries a coupon rate of 6.375 per cent. The issue was141 words
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Article, Illustration406 1997-03-15 10 USS/mark: As expected, the greenback gave up gains this week to a low of 1.69 by Thursday before rebounding strongly the same day to close at 1.7070. Strong support is seen at 1.6878. Failure to breach this level would indicate that US$/mark is likelySource: DBS Bank - 406 words
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371 1997-03-15 10 Futures industry needs 'lead regulator' to handle global crises: UK official Reuter [BOCA RATON, FloridaJ Elizabeth Sam, deputy chairman of the Singapore International Monetary Exchange (Simex), said on Thursday that the exchange has been asked to participate in cooperation discussions between London'sReuter - 371 words
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284 1997-03-15 10 FT [LONDON] National Westminster Bank, the UK's biggest bank, yesterday took tough action against a group of senior managers as it disclosed that its losses due to mispricing of derivatives had risen to £90 million (Ss2os million), up from £50 million reported earlier.FT - 284 words
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218 1997-03-15 10 SIM I! I Report Reuter (SINGAPOREj A continued bull run in Simex Japanese government bond (JGB) futures failed to lift Euroyen futures above resistance levels yesterday as players remained uninspired ahead of the Japanese financial year end on March 31. Dealers said activity wouldReuter - 218 words
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184 1997-03-15 10 Perry Gilbert - MSCI TAIWAN FUTURES By Perry Gilbert Perry Gilbert, vice-president, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan index futures yesterday failed to clear the 350.0 level in the March contract as a rise in the 30-year US bond rate to a six-month184 words
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243 1997-03-15 10 ENERGY REPORT Reuter [SINGAPORE] Diesel stocks in Hongkong, brimming just two months ago, have slid to very low levels after a price plunge triggered a Chinese buying spree after the Chinese New Year, trade sources in Hongkong said on Thursday. "Stocks areReuter - 243 words
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Article280 1997-03-15 10 Reuter, AFI THE US dollar was firmer against the mark and yen as speculation about an imminent rise in US interest rates was rekindled after Thursday's release of a robust retail sales report for February. Fresh jitters about a rate rise at the Federal Reserve's policy-making meeting onReuter, AFI - 280 words
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Article, Illustration1234 1997-03-15 10 IWTIIHIM1010B BATBi Mar 14 0 a m tea nr §m m m wm m bsnqm on mi mm 00^ 'pi U90 410 4m 440 tXt 4177 ***** 19J57 410 ?.0M L977 UM 32J53 ***** IMS 1S21 U0 2L90 2479 400 «V*& CauOi 0.919 1095 0444 4219 1251 5470 ***** *****1,234 words
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Article1636 1997-03-15 11 nCOMFOTOEBS Mar 14 RUMCt<MwMdMtatM«tU0pa) RSS1 C0iTtACT($ cMts/ke) CtaM VaNna Opaa BPjMfc HOglk Lm Satt (taanat) tatarart Apr 97 ***** 175 toy 97 175.75 H25 JW 97 177.50 177.50 176.75 100 ttSO J«K/S«p 97 179.00 179.00 178.50 300 *135 Od/Dtc 97 100.00 4200 JWMw 91 180.75 750 ISS 31,636 words
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Article2325 1997-03-15 11 LONOON Mistrials —14 ftiaca *h AS Ports 283.400 -.600 ADMy National 784 *5 AMMOtmct 441 18 Amac 125.400 unch Asda Group 109.400 -.600 BAT tad 540.400 -14 BGPIC 171 1 BtCC 273.400 -3 BOC Croup 999.400 -7 BR Patroiaum 696.400 -8.600 BTR 278.400 2.400 BM of Scotland2,325 words
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Article1646 1997-03-15 11 Reuter P Nikkei 225 +23it STOCKS closed slightly higher yesterday in a market that was relieved by a fairly smooth settlement of March stock futures and options. But participants were still cautious, waiting for the government to unveil specific measures to boost land liquidity, which could help pep upReuter - 1,646 words
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Article, Illustration1559 1997-03-15 12 Bloomberg QHtngSeag -Mm STOCKS fell for the sixth day yesterday, driving the benchmark index to its steepest weekly decline in a year as rising US bond yields dim the outlook for corporate profits. Rate-sensitive banks and property companies led the fall amid concern that rising borrowing costs will trimBloomberg - 1,559 words
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Article, Illustration657 1997-03-15 12 Reuter Q Shenzhen B Index -0.46 SHENZHEN'S B shares ended slightly lower yesterday, but well above the day's lows, with analysts expecting the index to fluctuate in a narrow range next week on a mixed outlook. The B Index lost 0.45 point to 165.08 on turnover was HKI150.3 million.Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd - 657 words
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Article364 1997-03-15 12 AFP gjWPMn +7.42 SHARE prices rose to another new seven-year closing high yesterday, boosted by purchases of electrical issues. "Low-priced and electrical plays rotated to post modest gains," said a trader. The TSE Weighted Price Index gained 7.42 points to 8,275.57, its highest close since May 15,1990. Turnover wasAFP - 364 words
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Article259 1997-03-15 12 Reuter QWeffington -24.40 SHARES tumbled on heavy volume yesterday as Wall Street's sharp fall unsettled an already fragile market. The NZSE-40 Index lost 24.40 points to 2,226.60, its lowest Finish since Oct 10. Reuter Urn M US O—t AN2 Banking 8.65 -0.05 ***** Mvwvtaqtf HMqi 1.30 0 02 KMReuter - 259 words
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Article, Illustration839 1997-03-15 12 AFP □set latex -2L77 SHARE prices closed lower in thin trading yesterday on weak sentiment after sharp falls on Wall Street and fears of a hike in interest rates. "Investors are worried that the Federal Reserve will increase US interest rates, which could push rates up in Thailand," saidAFP - 839 words
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Article415 1997-03-15 12 AFP QCmpoatelnfcx -15u82 STOCKS tumbled 2.4 per cent yesterday on growing concerns over the unstable money market and the depreciation of the won, despite the government efforts to stem the tide. The Composite Index closed down 15.82 points at 642.08. Turnover was 27.6 million shares worth 463.6 billion won.AFP - 415 words
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Article595 1997-03-15 12 AFP □AllOrfaariM -M.4 STOCKS slumped 1.2 per cent yesterday after regaining some ground lost in a dramatic morning tumble sparked by Wall Street's fall overnight. "While the market opened like it was going to double Wall Street's drop, it ended up looking remarkably strong," a broker said. The AllAFP - 595 words
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Article, Illustration730 1997-03-15 12 AFP QfampMiteMg -3J5 SHARE prices closed lower yesterday following overnight losses on Wall Street and profit taking on selective bank scrips, dealers said. "I think the banks are the main culprits. They have been taken as an excuse by foreigners and locals alike to start taking profit," a dealerAFP - 730 words
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Article309 1997-03-15 12 AFP CllUmU -26.45 SHARE prices closed lower yesterday following a sharp decline on Wall Street on fears of a rise in US interest rates. The PSE Composite Index fell 26.45 points to 3,234.79. Turnover was 12.7 billion shares worth 2.9 billion pesos. A trader said the fall was partAFP - 309 words
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KUALA LUMPUR STOCK MARKET
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Article8195 1997-03-15 13 towTums Cmswmt prefects 1997 Last Vol Day Net Cap HSg6 Leer ClUMir hH •OOP Hm> Low PH $mM 790 660 Ajinomoto 710 -30 5 720 705 54.2 2S7.8 44* 334 tngtlU 400 -4 72 402 396 11.9 569.8 905 750 Apollo rood Hlg 760 -20 276 775 755 304.0 4268,195 words
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Article, Illustration310 1997-03-15 13 AFX-Asia kl Composite Index -7.29 SHARE prices closed lower yesterday, moving in tandem with declines in Hongkong, Singapore and other regional bourses on the back of a sharp overnight drop in Wall Street. Dealers said investors remained cautious throughout the day preferring toAFX-Asia - 310 words
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Article259 1997-03-15 13 U» O—w W»d» Contwnor prd 9 35 11 Ind prd l» 4« IS Construction 3 16 6 TH*nfflt 22 3a n Mrostru 2 0 0 Tinonco 6 49 12 MotW SCO Prooorty 6 48 VO Plontotion T 23 6 MWn, I 4 2 Trutt 1 2 0 Loon I? 81259 words
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WARRANTS & OPTIONS
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Article3554 1997-03-15 14 BONOS, LOANS ft WARRANTS m 1990/1997 LMt Vol Mf La«t Ouott A** H%A Law Stno Company SaM *ar- COOO) High Lh Bwyar Salter Prtca 68 47 m 3000 m AMDB c5 5******6 Mk inch 6 56 M S* 62 39 3160 »Acar ******1USS 46 -1 54 46.5 45.5 46 473,554 words
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188 1997-03-15 14 R Sivanithy - WARRANT WATCH Bu] R Sivanithy IN SUCH a nervous climate as we're witnessing these days, we'd hesitate to recommend any strong buys, especially of warrants which can lead to greater percentage losses than investing in the underlying shares. However, the plunges of the188 words
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Article2153 1997-03-15 14 MALAYSIAN STOCKS Or 6r 1996/1997 LMt V«l Orr Last Quota Ot* IN* VH Nat HO» HUh L— Stna Cn»any Saia £000* Hl» L— 8»yr l*> Cw W W 625 360 m s5000 Al SB 50c 408 -2 26 410 400 408 410 5.0 4.9 0.4 811 418.5 1372,153 words
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STOCK EXCHANGE OF SINGAPORE
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Article1580 1997-03-15 15 TMNOVEI (*900) VAIUC COOO) wtn cm ttm cm tii MustrM 45,080 24.992 72.072 130.3*3 33.032 203*34 niMnm 5.042 12.503 >7.545 33.37* 14,935 70.311 MMM 2.557 U30 3.7*7 6,427 2.715 9.342 Propwttw 7.950 20.442 2*412 52.976 2*4*0 81.454 ManlMtan 2.744 2,744 tLITS 12.179 MMn* MO MO 3.226 3J2i W.W 4,471 25.1411,580 words
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Article4978 1997-03-15 15 Cr Cr M Wt 1996/1997 Lwt Vat Day LMt Ouett Wv Otv YM Nat Cap Avg High Ln StHo Company Sal* COOP) Law 8uyar SaBar Cur '/I Prtea WOUSTVtALS 5146 ASE HT$10 200 US- 1000 900 1275 ASF US$0.01 lOO US900 Ms 90.0 214 Ml 1258 Acar 50c4,978 words
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Article1112 1997-03-15 15 Gr Gr M Wt tart Va» Our L«t Owot. OW 0«v VM Nat Cap A v« m> t— Ci«mt Mt rOOO) M* Lot l<n> Mar Cw P/t Smit Met 289 135 a 2000 ABRHMqsSc 151 -2 J] 153 ISO 149 151 3.0 142 0.1 94.4 672 154 202 681,112 words
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Article205 1997-03-15 16 Btodtt Mmm Sin Soon HlOc M,690,000 NoWe Grp 9,579,000 'Berjaya M 7,825,000 HK Land US$0.10 7,563,000 *MBf Hldgs50c 6,155,000 *M8F LandBkd 4,139.000 KeppeiCorp 3,801,000 *F ACS 50c 3.520.000 DBS Land 3.323,000 1drtsHyd50c 3.258,000 Stacks S KeppeiCorp 36,687,464 SIA Foreign 27,889,760 City Dev 50c 25,955,152 HK Land US$0.10 20,304,886 U0« Foreign205 words
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Article, Illustration61 1997-03-15 16 Shiv Taneja - if i Shiv Taneja KEPPEL CORP, which dosed 30 cents lower aa $9.55 yesterday on a heavy volume of 18 miUiom shares, is near its two-year low. Investors shouUM begin buying on further weakness, as the stodr should find support at around $9.50. For long-, term investors, this61 words
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Article, Illustration670 1997-03-15 16 R Sivanithy - STOCK MARKET COMMENTARY Concerns over possible US rate hike, Wall Street's weakness and flat local earnings growth combine to undermine sentiment By R Sivanithy [SINGAPORE] A fresh bout of worries surrounding the future of US interest rates and the health of Wall670 words
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ON THE GRAPEVINE
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Article96 1997-03-15 16 WITH the annual Singapore Business Awards just around the corner on March 19, here's another inspiring tale about last year's unassuming winner, Kartar Singh Thakral. The 2000 Olympics has been cited as a significant factor in the recovery of the Australian hotel sector, and the Thakral group is96 words
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Article192 1997-03-15 16 AS FAR as our Hongkong correspondent is concerned, there were two highlights on budget day in Hongkong two days ago. First was the bomb scare outside the Legislative Council in Central which thankfully turned out to be a hoax. But what really got people on their192 words
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Article110 1997-03-15 16 FAR EAST Organisation's sales brochure for its Gardenville project in Walshe Road does not as most brochures do, start off with pictures of the development itself. Rather, it begins with full pictures of the neighbouring Shangri-La Hotel, undo* the heading "Prime Surroundings". We wonder would a potential110 words
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Page 7 Advertisements
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Advertisement740 1997-03-15 7 Overseas Union Bank Limited (Incorporated in the Republic of Singapore) The Board of Directors of Overseas Union Bank Limited ("OUB" or the "Bank") wishes to announce that the Bank is proposing a renounceable rights issue ("Rights Issue") of not more than 137,660,938 new ordinary shares of SI .00 each ("Rights740 words
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Page 8 Advertisements
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Advertisement890 1997-03-15 8 Overseas Union Trust Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Trust Limited is pleased to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1996 COMPANY AND CROUP Increase/ 1996 199S (Decrease) SS'OOO SS'OOO Total Operating Revenue 78,663 59,381 32.5 Investment and890 words
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Page 9 Advertisements
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Advertisement1308 1997-03-15 9 V OVERSEAS UNION ENTERPRISE LIMITED (Incorporated in The Republic of Singapore) ANNOUNCEMENT The Board of Directors of Oversees Union Enterprise Limited is pieeaed to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1996 The Company ThtQrew 1096 1995 1996 1995 SVOOO STOOO SS'OOO ssooo Turnover 151,851 147.526 2.72 175.5671,308 words
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Page 12 Advertisements
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Advertisement17 1997-03-15 12 qjjl im Hilton International, #01-04, The Shopping Gallery, 581 Orchard Road. Te1:235 0295 ZZZZ.. li iff mr17 words
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Page 13 Advertisements
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Advertisement28 1997-03-15 13 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.28 words
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Page 14 Advertisements
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Advertisement125 1997-03-15 14 Need cash for any worthwhile purpose? At Hong Leong Finance and Singapore Finance, we give you cash for your shares almost immediately. This is all you have to do: wh y k ee P your shares tucked away? U se f or a m iiii on purposes. Call us Stop125 words
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Page 15 Advertisements
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Advertisement10 1997-03-15 15 Young Parents When you want the best for your children10 words
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Page 16 Advertisements
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Advertisement518 1997-03-15 16 [BUSINESS. Xotices l() |)N,KI|S| Nl 1 l >ll-N<ll ISINI.T4I IN! UNITED INDUSTRIAL CORPORATION LIMITED (lac«rp«rate4 la Ike RapuMfc of Singapore) LOST CERTIFICATES Application has been made to the Directors of the abovenamed Company to issue duplicate certificates in place of the following certificates which have been reported lost or destroyed:518 words
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Advertisement91 1997-03-15 16 Home Decor For people who love their homes f in <4*4*4 Rising Occasion in imi II m" •>• $1* i H iafcbt: ,i openings anniversaries ISO certification jl ceremonies ||HfVs f V :> r.. r >. v These and other corporate milestones present perfect opportunities to enhance your corporate image91 words
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EXECUTIVE LIFESTYLE
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Article, Illustration1079 1997-03-15 17 RAHITA ELIAS - There are many franchises to choose from, but picking the right one isn't easy, rahita hi.tih speaks to six entrepreneurs to find out how they went about it and how they're doing RAHITA ELIAS IF YOU'VE always wanted to be your own boss but didn't know1,079 words
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394 1997-03-15 17 A taste of success and also of failure NANA CHICKEN CURRY THAM Hin Thong was browsing through the NTUC Income magazine when he spotted an ad calling for franchisees for Nana Chicken Curry. The taxi driver, 49, was quite intrigued and went to check the food out for himself. "I394 words
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STRAWS In The Wind
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Article75 1997-03-15 17 SOME retailers don't believe in waiting for a major festival or holiday to announce a sale or special promotion. Singapore Woodcraft, for one, ran an advertisement announcing that in conjunction with International Women's Day, it was offering a free pump-kin-shaped stool with mother-of-pearl inlay to all75 words
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Article32 1997-03-15 17 SPOTTED in a personal ads column in a local magazine was one which went along the lines of "Fun loving 20-some-thing female seeks man with car. Send picture of car."32 words
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Article112 1997-03-15 17 THE New York Times interviewed some children about why they thought people held hands when they were in love, and got some surprisingly pragmatic answers: "They want to make sure their rings don't fall off because they paid good money for them." Gavin, 8 "They112 words
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COVER STORY
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Article, Illustration622 1997-03-15 18 COMPUTERTOTS COMPUTERTOTS has a mascot a turtle called CT who asks children their names and breaks the ice at the first lesson. But that's not the only thing different about this children's computer training franchise. "Computertots is very open-ended," says general manager Yeo Wai Seang. It's622 words
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Article, Illustration498 1997-03-15 18 PRIMA DELI Molly Thia didn't realise just how fragile cakes were until she took over a PrimaDeli franchise in Toa Payoh. "My greatest worry was how to handle a cake. You have to be very careful. Once a cake's dented, the customer doesn't want it." Ms498 words
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Article, Illustration465 1997-03-15 18 7-ELEVEN PATRICK Teo doesn't trust himself to pronounce the word. So he unfolds a piece of paper and points to it. The word is "entrepreneur" and that was what he wanted to be. So in December 1992, he took the plunge, leaving his job as an465 words
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Article, Illustration578 1997-03-15 18 ■TELESHOP CHANDRA Sehkar was running two book rental shops in Clementi and Boon Lay when he started looking out for something new. So when a flyer was stuffed in his mailbox calling for Teleshop franchisees, he jumped at it. After all, working long hours seven days578 words
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Article, Illustration382 1997-03-15 20 A Surendren - NIGHTSPOT A Surendren SET AMIDST the scenic and historical North Bridge Road/Arab Street area is the enigmatically named Liquid Room. At first glance, this little pub and dance club is innocuous, with no flashing lights or even a signboard to announce its presence. It isERIC CHU - 382 words
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Article, Illustration602 1997-03-15 20 Holly Harrison - CINEMA Shine, this year's brilliant offering from Down Under, is touching a chord in critics and audiences the world over By] Holly Harrison ON A dark night in Perth, a man rushes through the rain, a wad of sheet music under one arm, babbling to himself602 words
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Article, Illustration618 1997-03-15 21 David Boey - CINEMA The Portrait of a Lady from Jane Campion is not only ont of focus, it is also rather poorly framed By. David Boey JANE "The Piano" Campion's latest costume drama, The Portrait Of A Lady, is one movie that grinds along at a glacial pace. I say618 words
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Article, Illustration388 1997-03-15 21 M Yasotha - Compiled by M Yasotha MUSIC Totally Tchaikovsky If you love the music of Tchaikovsky, you won't want to miss this Singapore Symphony Orchestra concert conducted by Lim Yau. On the programme are Capriccio Italien Op 45, Piano Concerto No 1 in Bflat Op 23 and Symphony No 4388 words
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EPICURE
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Article, Illustration817 1997-03-15 22 JAIME EE - Are diners willing to fork out $65++ for what is essentially nasi padang? Yes, if the ambience is right Man revisits Alkaff Mansion and finds a new did in residence, and a new menu JAIME EE MM ONG. You think a nm)or announcement isCHRIS LOH - 817 words
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Article559 1997-03-15 22 David Boey - HEALTH By David Boey GO EASY on the salt next time you're at the dining table if you don't want to eat yourself to an early grave. A comprehensive study of Finnish lifestyle and dietary habits, researched by Heikki Karppanen, has found that the559 words
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Article, Illustration482 1997-03-15 22 Corinne Kerk - RESTAURANT East meets Wast, with lets of coffee thrown in, at Pink Peppercorn By l Corinne Kerk THERE has long been a need for eating places in Pasir Panjang. So when Pasir Panjang Village was created out of a row of restored shophouses, it becameERIC CHU - 482 words
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Article, Illustration1104 1997-03-15 23 The Chamber. Adam Hall (Chris O'Donnell), a young gung-ho lawyer, battles to save his client Sam Cayhall (Gene Hackman), a Ku Klux Klan member sentenced to die in the gas chamber. Tampines: 1.50; 6.20; 11.15. Tiong Bahru; 11.30; 1.55; 6.35; 9. Dante's Peak. An extinct volcano suddenly blasts to1,104 words
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TRAVEL
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Article, Illustration1153 1997-03-15 24 PARVATHI N NARAYAN - Yes, if s noisy, crowded and more than a little frayed at the edges. But go with an open mind, and it all becomes part of the charm of this vibrant Indian coastal city, says parvathi m mmatam PARVATHI N NARAYAN YOU'RE ON holiday, so quit worryingPHOTOS BY PARVATHI N NARAYAN - 1,153 words
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Article, Illustration622 1997-03-15 24 IF TEASER trailers of your future turn you on, Madras is a place you must visit. Practitioners of every kind of predictive science are in business here from readers of tarot cards to numerologists. To get things rolling, onejji horoscope is essential. TtiH casting622 words
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Page 17 Advertisements
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Advertisement7 1997-03-15 17 Epicure Nasi padang with ambience EL 67 words
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Advertisement96 1997-03-15 17 Travel Mad about Madras EL 8 Hotel California. 4 At Seasons, you'd be forgiven (or thinking you were at the birthplace of contemporary American cuisine. The menu is highly Hollywood, the regional flavours real Rodeo Drive. And the creativity is so cool it's enough to make any Calif ornian sing.96 words
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Page 19 Advertisements
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Page 20 Advertisements
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Advertisement55 1997-03-15 20 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. FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at55 words
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Advertisement34 1997-03-15 20 ||mH| Hjdl SINGAPORE'S MOST INSPIRING HOMES 143 PAGES OF WONDERFUL ROOMS AND IDEAS A GREAT BOOK FOR YOURSELF, FAMILY OR FRIENDS GET IT AT TIMES THE BOOKSHOP IN CENTREPOINT. PLAZA SINGAPURA AND RAFFLES CITY34 words
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Page 21 Advertisements
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Advertisement581 1997-03-15 21 Where to wine, dine and entertain M w jl APOLLO HOTEL AJMH* SMGAPORE m Easter r Bunny Parade 'J A Children's Party with a skit on Peter Rabbit, Easter Egg Treasure Hunt, Magic Show, Ij J lots of fun. prizes and a delicious lunch spread f with Hot Cross Buns.581 words
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Advertisement85 1997-03-15 21 The I At The Neptune on Shenton Way Dian Xin/Lunch 11 r~\ ,-ri 11.30am-2.30pm >3J S i 7TH FLOOR. OVERSEAS UNION HOllSt. j COUYER (TUAY. SINGAPORE WML TEL 4 W,'.) fanmly bunch! Western and local delights for a ideal family get together Features weekly specialities 12 noon to 2.30pm every85 words
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Page 22 Advertisements
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Advertisement84 1997-03-15 22 We're THREE today! The Directors and Staff of LES AMIS would like to thank everyone for their wonderful support. s We will be opening our first CAFE at the Asian Civilisations Museum in April and we hope to continue to thrill your palates there. q a/ p CAFE LES AMIS84 words
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Page 23 Miscellaneous
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Miscellaneous2061 1997-03-15 23 TODAY'S TV USCOHMEMDED yiEWIMO 12.00 NN TV Innovations. V w n f e 2 MpO* Qnpak'Q romantic tragedy about a pm check the score 1996. W 4M Ya Alif (r). lVieg SpeaKS budding Stage actor who XOO Amazmg Games: SwUzerher mind falls in love with the 3.00 Tennis World. B2,061 words
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