The Business Times, 10 May 1997

Total Pages: 24
1 24 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 023/12/96 85c SINGAPORE Internet: http://www.asia!.com.sg/biztimes WEEKEND EDITION, MAY 10-11,1997
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  • 41 1 S aona (+6.83) Duo (+29.16) OtSnf+ls.o3) Friday Change KLSECOMP l,ff7J7 +t» nimh nmn—*®.« SET INDEX Mitt -8JJ JAKAJTTACOMP—f73U0 COUP __U71H -ML71 TAITOWP1 MJU7—-***** 880ULC0MP K7JI CLSA CHINA B 1JMM1 +18JI AUST ALLOW) UN *HJ l.Mpa Chaage DOW 7Ua<fi +C8J
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  • 71 1 uss ss USt 1-441 S 1.628 UM M IJ87 MM YEN 111 MI4 1.174 M$ UN M76 HO till 1.186 RAW 1.088 9.966 RUPLAH UN M4I MM FUME KATES SINGAPORE* 144 KUALA LUMPUR JJO JAKARTA 18.00 BANGKOK MANILA 12.50 HONGKONG 8.7ft TAIPH J JO SYDNEY. 100 TOKYO 1M am
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  • 562 1  -  Contracts formed out to 4 listed firms expected to be recalled for competitive bidding From, Eddie Toh in Kuala Lumpur CONTRACTS worth Ms 9 billion (555.2 billion) farmed out to four of Sarawak tycoon Ting Pek Khiing's listed firms for the
    562 words
  • 384 1  -  By) R Sivanithy [SINGAPORE] News that US interest rates may not be raised at the next Federal Reserve's policy-setting meeting on May 20 sent the Hongkong market racing off to a new in-tra-day high yesterday, but met with a mixed reception
    Source:  -  384 words
  • 470 1  -  New-fangled finance schemes, gmniw quota blamed for rise By Christopher Tan [SINGAPORE] COE prices have risen sharply again, with categories for small, medium and commercial vehicles setting records and other categories testing new thresholds. Observers attributed the increases in the latest tender to a
    470 words
  • 452 1  -  Sale of 7.7% stake may signal shareholding revamp in industry From Quak Hiang Whai in Hongkong IN WHAT could be a prelude to a major shareholding overhaul in Hongkong's telecommunication industry, Citic Pacific has sold its 7.74 per cent stake in Hongkong
    AFP  -  452 words
  • Page 1 Advertisements
    • 107 1 IMMIUB Federal Reserve chairman Alan Greenspan hinted on Thursday that the US central bank will likely leave interest rates unchanged at Its next podicy meeting on May 20, Pf» v >" Restaurants in Singapore are sprouting much faster than the demand for them, B1 jmWHTAmi 'Ifcikal antaaftriT pg 3. Yet
      107 words
    • 13 1 Dollar crumbles, Pg 5 Is the party over for Wall Street?, Pg 2
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    • 317 1 fd Hewlett* ISEfI packaro *HBH dual 900 Idii hataa* nrtf n^fjrsUa IX network Your existing server used to do fine, but now is further enhanced. that your company is really starting to grow, As you'd expect from HP, it's easy to manage. you need to upgrade. Unfortunately, budgets It comes
      317 words

  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • 688 2 Those polled for their views on the Singapore stockmarket outlook next week are: Daiwa Securities, Deutsche-Morgan, GK Goh, ING Barings, Merrill Lynch, WI Carr. Yeo Hiap Seng (YHS) ♦(Hold) Fraser Securities, May 9, $5.15 YHS will be launching its The Sterling project in Bukit Timah this weekend.
        688 words
      • Article, Illustration
        341 2  -  Shahreza Yusof Investment manager Abtrust Fund Managers (Singapore) Ltd HE Nikkei-225 Index I has finally managed A to resurface above the 20,000 level and Japan's economy is showing signs of life with a GDP growth of 3.6 per cent the upper end for OECD countries. For an
        341 words
    • 760 2  -  A choice pick of personal successes and failures, the thrill of short selling and the essentials of investing Compiled byl Chuang Peck Ming [SINGAPORE] Bloomberg By Bloomberg, by Michael Bloomberg. John Wiley A Sons. 261 page*. (833.90) WHAT'S it like to be fired and given US$lO million (5514.4
      760 words
    • 902 2  -  The Back of the ENVELOPE A recovery in Europe, Japan will end US advantage in global capital markets By] David Goh The writer is a lecturer (Banking Finance Division) atNanyang Technological University. [SINGAPORE] How do you tell persistent revellers that the party
      902 words
    • 619 2  -  By' Tan Su Yen {SINGAPORE] Poh Lian Holdings' initial public offering (IPO) comes amid an emerging trend of low issue prices matched by equally low price-to-earnings ratios. But Poh Lian's timing is not exactly the best. The company will be jostling for
      619 words
    • 568 2 Next pabticatioQ date: June 14. fc| 1 *'■'*11 111.. I .1 llji.p. ImhIi Xall SmHh MH lyr lyw gym La—cfc Imtk !■>» tyr tjn 9yn Sg igg I PS i i H I H sfi s Ills""' 'j. '3 II 35 i S"ffisSir :!51 j2 j
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  • SINGAPORE AT HOME & ABROAD
    • 425 3  -  Over 80 developers' packets taken; tender kas 2 popular sites By\ Diana Oon PROPERTY developers and consultants have snapped up more than 80 developers' packets for the latest Urban Redevelopment Authority residential land sale. The unusually high demand has led URA
      425 words
    • 530 3  -  It will have private sector participation; S6H or NUH grounds possible site By Ronnie Lim THE government is looking into developing a Medical Services Park, either in the grounds of Singapore General Hospital (SGH) or National University Hospital, under a plan to expand
      530 words
    • 378 3  -  Gazetted hotel room supply to grow total of 20% over 5 years By Ang Wan May THE number of cess-paying food and beverage (F&B) outlets here fell by 10.5 per cent to 936 at the end of last year, according to a
      378 words
    • 288 3  -  By Raju Chellam SALES of Canon Singapore, the regional headquarters of the Japanese electronics conglomerate, crossed the US$l billion (551.44 billion) mark last year. The 1996 revenue of U551,032 billion amounts to a 29 per cent growth, the highest for any of Canon's sales regions
      288 words
    • 158 3 SINGAPORE Telecom has cut rates again, this time to benefit Internet users. The company has lowered the monthly subscription for digital lines (ISDN) by up to 37.5 per cent. Residential users now pay $16.67 instead of $20 while business users pay $25, down
      158 words
    • 101 3 THE Ministry of Defence will continue to ensure that national service is "less onerous" on both NSmen and employers, Deputy Prime Minister and Minister for Defence Tony Tan assured more than 300 employers yesterday. "Mindefs policy on national service has always been one
      101 words
    • 392 3  -  Customers can access bank's services on their own computers &y Catherine Ong CITIBANK, the US banking giant better known around the world for consumer banking, is making an aggressive bid for the corporate market with a new global electronic service which allows
      ERIC CHU  -  392 words
  • Page 3 Advertisements
  • Page 3 Miscellaneous
    • 305 3 CRYPTIC CROSSWORD 1 Girl, four, another year's about right for this to be celebrated MB 10 A fraction after the first nine to I I I I I I J 11 Angry remark about a regular ~HH HH HH |HV 12 Element from the buttery I'm T I I I
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  • REGION
    • 499 4  -  BANGKOK xagisterea ioreign capital dives 60% in Jui and Peb; domestic capiul down 26% Harish Mehta *HE Thai government has Mounted a public relations campaign to boost the country's image overseas after foreign investment approvals alunged 60 per cent in the first
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    • 201 4 HONGKONG Reuter CHINESE banking giant the Bank of China Group in Hongkong and Macau (BOC) will *ot seek special treatment in Hongkong after the territory reverts to Chinese rule on July 1, an official said yesterday. "We seek no privileges after 1997 it is
      Reuter  -  201 words
    • 1597 4 an FLIGHT ETA FLIGHT ETD (ftaKaM j GA890 0015 hn SH7034 1730 «MM S0230 1830 OF82 2055 Gaangrto* PtC C2351 _j era nap ans taman RJ187 0130 Hanoi VN741 1310 S0176 1105 tmstmUm KL843 0455 KL838 2300 SW75 1840 VM740 1410 DL25 0655 SO346 2330 Hat
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    • 739 4  -  LETTER FROM JAKARTA Previously seen as an unlikely threat to Golkar, the PPP has managed to provide some excitement In the otherwise Iteklmtw rnn-np tn thw inHnnoainn olfactions S N Vasuki THOUGH there was earlier concern about keeping the peace at the hustings, the first
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    • 234 4 BEIJING Reuter AT LEAST 35 people died in China's first big aviation disaster for almost three years when a Boeing 737 slammed into the runway of a stormswept airport in the southern city of Shenzhen, officials said yesterday. The death toll could
      Reuter; AFP  -  234 words
    • 672 4  -  NEWDELHI Her role remains unclear as analysts point to ho* lack of political experience By\ Rajendra Bajpai THE entry of Sonia Gandhi into Indian politics could provide the Congress party a leader with national appeal but the Italian-born widow of India's assassinated leader
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    • 331 4 NEWDELHI Reuter, AFP INDIA'S lower house of parliament yesterday approved the 1997/98 (April-March) Finance Bill, the cornerstone of the centre-left government's landmark budget proposal that would slash taxes and tariffs. The Lok Sabha approved the bill by voice vote after three days of
      Reuter,; AFP  -  331 words

  • REGION/WORLD
    • 519 5 NEW YORK Bat rate hike still possible after May 20 meeting if economy doesn't slow down Bloomberg FEDERAL Reserve Chairman Alan Greenspan suggested on Thursday that the US central bank may leave interest rates unchanged at its next policy meeting on May 20
      Bloomberg  -  519 words
    • 71 5 [LONDON] Two sumo wrestlers at London's Brent Cross Toys-R-Us on Thursday to help launch the Tamagotchi virtual pet—on the British market as part of British Pet Week. The makers of the computerised pet, which has sold over a million a month in JapamA since its
      AFP  -  71 words
    • 238 5 Reuter [NEW YORK] The US dollar crumbled during morning trade here yesterday, hitting its lowest point against the yen since Jan 27, triggering numerous stop-loss orders and a broad-based pullout from long dollar positions, dealers said. Shortly before 1200 EDT, the US dollar began
      Reuter  -  238 words
    • 409 5  -  U OTTAWA By Paul Gopal BRE-X, the company at the centre of the massive Busang gold hoax, has taken a threepronged approach to save itself and associated companies: it has filed for bankruptcy protection, fired its chief geologist and made an official complaint to the
      409 words
    • 412 5  -  LONDON View leaked as govt wants exchange rate to decline: traders By Neil Behrmann STERLING has been knocked off its pedestal because the market believes that the Labour government eventually wants it to join the European Exchange
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    • 287 5 WASHINGTON Dream is to give US a big push towards an information society FT REED Hundt, chairman of the Federal Communications Commission, has been grappling with every ambitious regulator's dream job and worst nightmare. At the heart of the US's Telecommunications Act,
      FT  -  287 words
    • 154 5 SEOUL Reuter SOUTH Korea's Information and Communication Ministry said yesterday it would allow phone service providers to set their own prices in line with the opening of the domestic telecommunications market next year. A ministry statement said the government had drafted legislation to change
      Reuter  -  154 words
    • 252 5 SEATTLE Bloomberg CORPORATIONS of the future, will be smaller, use less and compete more intensely for highly-educated empljJ ees, all because of according to Microsoft chairman and chief executive JMD Gates. -;f fi Companies also will core' tinue to rely
      Bloomberg  -  252 words
    • 421 5  - When will another gate open LETTER FROM WASHINGTON Ztamour mills wait for a flood of news which could drown Clinton HU Leon Hadar The writer is BT's Washington correspondent NEWSPAPER reports emanating from Washington these days are focusing on such mundane topics as the plans to overhaul the welfare system,
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  • Page 5 Miscellaneous
    • 74 5 POOITESBURY By Garry Trudeau j|^Vf] as sane of you naym/e I HP WIS /S WH&&I mm i HEAFP, IFHRSTAt&TMIKE o I £W£N YOU II UUI, THATWAS SHOULP SAY A/ 1 ATA ZVSHT LftSTSUMMaR.\ WOYSARS AGO. lUV&NOT W\\ IF I MAY, I JUST IT WAS A SPEOALPL£ASURB\ r o\\\ mm TO
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  • Page 6 Advertisements
    • 899 6 BUSINESS Notices BZW WARRANTS LIMITED (Incorporated in the Cayman Islands) To: All holders of call warrants issued by BZW Warrants Limited relating to the ordinary shares of Cycle Carriage Limited Dear Sir/Madam EXPIRY OF CALL WARRANTS Holders of call warrants ("Warrants") relating to the ordinary shares of Ssl.oo each of
      899 words
    • 666 6 IN THE MATTER OF THE COMPANIES ACT, CAR 50 AND IN THE MATTER OF IN STEP PTE LTD At an Extraordinary General Meeting of In Step Pte Ltd held on 30 April 1997. the following resolutions were passed pursuant to Section 179(6) of the Companies Act. Cap 501. SPFCIAL RESOLUTION
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    • 590 6 NOTICE NOTICE IS HEREBY GIVEN that, I UN HANG FENG of 14 Spottiswoode Park Road #05-15 Singapore *****1, have applied for a 2nd Class Public House in respect of M/s DRAGON PEARL RESTAURANT located at 391 ORCHARD ROAD #05-09 NGEE ANN CITY SINGAPORE *****2, and that this application will be
      590 words
    • 538 6 To advertise call toll-free 1800-741 1883 NOTICE IS HEREBY GIVEN that. I Aw Eng Li Irene of Blk 659 JalanTenaga #07-148 Singapore *****9. have applied for a Public House, First Class Licence in respect of M/s Les Amis Wine Bar located at 1 Scotts Road #02-17 Shaw Centre Singapore *****8.
      538 words
    • 563 6 NOTICE IS HEREBY GIVEN that, I Bernard Rolland of 12 Cassia Drive, Singapore *****6. have applied for a Retail Liquor Shop Licence in respect of M/s Carrefour Singapore Pte Ltd located at 3 Temasek Boulevard. #01-199 Suntec City Mall Singapore *****3, and that this application will be considered by the
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  • COMPANIES & MARKETS
    • 177 7 [SINGAPORE] Keppel Bank has been appointed the independent financial adviser to the judicial managers of ailing electronics goods distributor Amcol Holdings for the takeover offer by Indonesia's Sinar Mas group. The judicial managers Nicky Tan, Deborah Tan and Yeoh Oon Jin of Price
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    • 346 7  -  Philippine central bank pleased with support for Keppel-rescned bank By Conrad Raj [SINGAPORE] Fewer than 2 per cent of the depositors of Keppel Corporation's newly acquired Philippine bank, Monte de Piedad Savings Bank, have closed their accounts. Keppel yesterday quoted Monte de Piedad's newly-ap-pointed
      346 words
    • 157 7 [SINGAPORE] Kepphil Shipyard, a Philippine subsidiary of Singapore's Keppel Corporation, will consider the request of a disgruntled investment banker for board representation. A Keppel Corp spokesman yesterday confirmed that Kepphil had received a letter from Belson-PrimeEast Capital Asia Inc chairman Eduardo Lim for a seat on
      157 words
    • 331 7  -  Tan Su Yen [SINGAPORE] Wah Shing International may be a toymaker but fun and games are far from its mind now as it integrates operations and cuts costs to offset narrowing profit margins. Margins are being squeezed by overcapacity in the global toy industry. Last
      ARTHUR LEE  -  331 words
    • 221 7  -  By Clarissa Tan [SINGAPORE] Popular Holdings ended its first day of trading yesterday at 52 cents 44 per cent above its offer price and analysts feel its solid debut could help perk up a morose IPO market. With the 44 per cent premium, the
      Source: Bloomberg  -  221 words
    • 740 7  -  HOCK LOCK SIEW R Sivanithy SOMETHING fishy is going on with Malaysian property firm Country Heights' shares and warrants that have excited brokers and investors. In the past two days, the shares have shot up from Msls to M 518.40 while the
      740 words
    • REGIONAL COMPANIES
      • 371 8  -  Developer can make 33% annual return on investments if it doesn't borrow cash frrom Meera TRatnam in Kuala Lumpur A SHAREHOLDER in the Cyberjaya project yesterday said the value of land and property in the 7,000-hectare area will be worth M 523.8 billion (5513.7
        371 words
      • 239 8  -  By Kenneth James {SINGAPORE] Creative Technology has obtained a preliminary injunction against false advertising by US chip maker Cyrix Corp and unnamed customers of Cyrix's Media GX microprocessor, the multimedia leader announced yesterday. i The US injunction follows fc temporary restraining order $TRO) along similar
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      • 176 8 Bernama [KUALA LUMPUR] Hicom Holdings Bhd has taken control of associate Hicom-Teck See Manufacturing (Malaysia) Sdn Bhd, following the acquisition of 5.67 million shares or 21 per cent in the latter for M 536.85 million (5521.2 million). The company said yesterday that its stake in
        Bernama  -  176 words
      • 341 8 Bat large chunk of rise from lower interest payments Bloomberg [KUALA LUMPUR] Tenaga Nasional Bhd, Malaysia's largest power utility, is expected to record a 33 per cent rise in net profit when it reports its first-half results on Monday. Still, the numbers
        Bloomberg  -  341 words
      • COMPANY Briefs
        • 50 8 [SINGAPORE] Uraco Holdings yesterday said it has sent shareholders the prospectus and provisional allocation letters on its proposed issue 0f46.96 million warrants in conjunction with the issue of $22.5 million floating rate notes and $22.5 million inverse floating rate notes, both due in year 2002.
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        • 34 8 [SINGAPORE! Teledata (Singapore) Ltd yesterday informed shareholders that the register of members for its one-for-one bonus issue and bonds-cum-warrants issue will be closed from May 30 to June 3.
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        • 39 8 [SINGAPORE] United Overseas Land said its $200 million unsecured bonds due June 9,1997, will be redeemed with accrued interest on June 9. The last day of trading for the bonds will be May 27.
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        • 43 8 [SINGAPORE] Osprey Maritime said it has begun arbitration proceedings against OMI Promise Tankers Inc sellers of the Osprey Promise (now re-named Kartika Ayu) for failing to deliver the vessel to the company according to the terms of the sale.
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        • 79 8 [SINGAPORE] Freight Links Express Holdings said as at May 6 it had 3,262,977 outstanding warrants (1999), each carrying the right to subscribe for one new share. As a result of its proposed bonus issue and rights issue, the exercise price of the warrants will be adjusted
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        • 77 8 [SINGAPORE] Amtek Engineering said it will subscribe for another 2.1 million ordinary shares of $1 each in the capital of Unitech Holding Pte Ltd, raising its stake from 32.2 per cent to 50 per cent in the investment holding company. Unitech will use the
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      • 243 8 [SYDNEY] Thakral Corporation is expanding its property interests in Australia through the purchase of a development site in the Sydney CBD. A report in The Australian Financial Review yesterday said that the Singapore-based family group had negotiated an Asl2 million (5513.3 million) option
        243 words
      • 313 8 Company also plans to sell bonds worth one trillion rnpiah Bloomberg [JAKARTA] Indonesia's PT Indah Kiat Pulp Paper said it plans to raise 2.52 trillion rupiah (Ssl.s billion) with a sale of new shares more than doubling its total capitalisation
        Bloomberg  -  313 words
      • 211 8 Reuter [BANGKOK] Thai electronics giant Alphatec Group expects the government to provide an investment of up to US$7O million (Ssloo.B million) after Texas Instruments withdrew from two joint ventures, officials said yesterday. Group chairman Charn Uswachoke said the state-run National Electronics
        Reuter  -  211 words
      • 127 8 Bloomberg [MANILA] Manila Electric Co shares tumbled to their lowest level in almost 18 months after comments by the chief securities regulator sparked fears that foreign demand for Philippine companies' class B shares may wane. Securities and Exchange Commission chairman Perfecto Yasay, in
        Bloomberg  -  127 words
      • 200 8 Bloomberg [MANILA] Housing developer Filinvest Land Inc said firstquarter net income was 404 million pesos (Ss22 million), down 37 per cent from the same quarter a year ago. Filinvest said the performance for the three months ended March 31 is not indicative of
        Bloomberg  -  200 words
      • 183 8 Reuter A SMALL-CAPITALISED stock which may have traded within a narrow band for months, or even years, can within a day soar and hit the most-active list. And with no particular change in the fundamentals of the company. This is the realm of Malaysia's share syndicates.
        Reuter  -  183 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 204 9 Bloomberg [TORONTO] Thomson Corp said its first-quarter loss widened because of higher interest expenses and costs linked to its US$3.4 billion (554.9 billion) takeover of legal-infor-mation provider West Publishing Co. The publisher and provider of electronic information services said its loss before tax widened
        Bloomberg  -  204 words
      • 417 9  -  Move expected to put to rest market donbts about financing for Chai Wan project From i Quak Hiang Whai in Hongkong TYCOON Ng Teng Fong's Sino Land has roped in three partners to take a 20 per cent stake in the massive
        417 words
      • 385 9 Results may be lower due to abnormal costs and provisions Reuter [WELLINGTON] Telecom Corp of New Zealand's days of posting ever-burgeoning profits may be over, analysts said yesterday. "I think the operating environment is certainly very difficult and it is quite possible
        Reuter  -  385 words
      • 279 9 Bloomberg [SOMERS, New York] International Business Machines Corp (IBM) will buy the 30 per cent of the Advantis network business that it does not already own from Sears Roebuck Co for US$45O million (Ss64B million), bolstering its fast-growing services unit. Advantis, a
        Bloomberg; FILE PHOTO  -  279 words
      • 219 9 Reuter [NEW YORK] Pentagon officials may seek major changes to Raytheon Co's proposed acquisition of General Motors Corp's Hughes Electronics defence unit because of concerns about the effect on the missile business, according to yesterday's electronic edition of the Wall Street Journal. According to unnamed
        Reuter  -  219 words
    • SHIPS IN PORT
      • 711 9 Vessel Voy Wo Berth Arrive! Departure Bt Bertah *****7 J J01 alongside 10.05/02JO M Seiati *****7 J01 alongside 10.05/0800 Et«mnor*27 1 J15 alongside 10.05/0700 Handy Wand 15 J22 alongside 11.05/2300 Hms l 007/97 J02 alongside 12.05/0700 tan Has 156 JO 3 alongside 09.05/2215 Law Song 02 Jll alongsMl
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      • 1736 9 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/BaUnct Rstls Ship Voy Mo Etb/Btr Ptftod From To toM Aci Ctorar 027* 12/0700 09/1700 B/0459 B/0900 I 10/0700 n/nst n/woo 4 <0/1200 n/vm n/1700 taio«T otii omo H ovTToo ww» mm 3 10/0700 wm IO/MOO 4 10/1200 10/145* H/1700
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    • FINANCE & COMMODITIES
      • 575 10  -  Returns in US dollar terms at lowest since 1984, says fond manager By] Larry Wee [SINGAPORE] Offshore investors keen on rupiah assets today may want to wait a bit before committing too heavily. Fund manager Pacific Asset Management (PAM) has expressed concern that falling
        575 words
      • 269 10 But alliance will not lead to acquisition or merger: Stanchart Bloomberg [LpNDON] UK banks Standard Chartered pic and National Westminster Bank pic plan to form an alliance under which Nat West will use Standard Chartered's trade finance services in Asia. r
        Bloomberg  -  269 words
      • 317 10 USS/mark: US$/mark took a plunge this week, touching a low of 1.7000 by yesterday morning. Although the recent bullish bias is invalidated, the unit needs to clear the 1.6960 support to establish a bearish picture which would see the formation of a double top pattern with
        Source: DBS Bank; ALLAN  -  317 words
      • 263 10 AFX-Asia [TAIPEI] Shinkong Life Insurance Co Ltd said it sees consistent growth in premium income as the driving force behind its capacity to attain its earnings forecast for this year. The company sees 1997 net profit rising to NTS6.3B billion (*****.6 million) from
        AFX-Asia  -  263 words
      • 210 10 SSXEXHeport Reuter [SINGAPORE) Three-month US interest rate futures traded on Simex ended sharply higher yesterday on the back of comments by Federal Reserve chairman Alan Greenspan. But dealers said further rises would be limited and Eurodollar futures could even come off again as players had
        Reuter  -  210 words
      • 182 10  -  MSCI TAIWAN FUTURES -By Perry Gilbert By Perry Gilbert, vice-presi-dent, Refco Singapore Pte Ltd THE Simex MSCI Taiwan Index futures contract was shadowed by political concerns in Taiwan yesterday as the cash index opened sharply lower and remained well down for the session. Despite
        182 words
      • 202 10 ENERGY REPORT Reuter [ISP AHAN. Iran) Opec's latest attempt to stem runaway member country oil output looks doomed to failure. Opec insiders and analysts said yesterday. Seven Organisation of Petroleum Exporting Countries (Opec) ministers, excluding linchpin Saudi Arabia, met in the ancient
        Reuter  -  202 words
      • 256 10 Reuter, AFP London A WAVE of uncertainty about the prevailing outlook for US and Japanese interest rates saw the dollar sink by more than two yen and more than 11/2 pfennigs in Europe yesterday. While US Treasury Secretary Robert Rubin helped stabilise the unit late in the session,
        Reuter,; AFP  -  256 words
      • Article, Illustration
        1427 10 1MTBRBAJIK CROSS RATES A$ C$ !■> ECU Ffr Dm HK$ Wisi** Y» Woo l» tesatjjfcS$ Mm* Sfr WT% U* *mi US| jg Australia 1.076 6.178 0.681 4.404 1.325 6.022 27.883 18.888 0.955 6.944 1949 1131 *****20.505 121 3.471 U22 21.527 20.229 0.478 0.777 Canada 0.929 6.005 0.633 4.091 1231 5.594
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    • 1717 11 gjggM FUTURES May 09 MHO (fotarn (M( at SJOpB) RSStCONTtACKScwitsAO Closa Vofcma OpM Month Ktqfc Low Sott (toaws) tetamt Jun 97 156.00 155.75 156.00 700 1125 Jul 97 157.50 1970 AM 97 157.75 2020 Say 97 ***** 2020 Oct/Dec 97 160.50 159.25 159.50 600 4350 Jan/Mar 98 160.00
      1,717 words
    • 2271 11 Indasti Lais May* h«CI 34 Group 522.400 2.400 AB Ports 279.400 2.400 Abbay National 911 *27 Alliad Domacq 428.400 -5.600 Amtc 143 1.600 As da Group 110.400 unch BAT Ind 538.400 8 BG Pic 178 BICC 198.400 -7.600 BOC Group 969.400 3.400 BR Pttrotoum 733 8 BTR
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    • 1624 11 Bloomberg PjBMMS -258.03 JAPANESE stocks fell to a one-week low, led by exporters, after the US dollar plunged to a more than one-month low against the yen. Toyota Motor Corp, Honda Motor Co and Canon Inc led the decline. "The dollar's weakening has fuelled concern that profit growth at
      Bloomberg  -  1,624 words
    • Article, Illustration
      1623 12 Reuter H Hang Seng +190.5 STOCKS thundered to a record close yesterday, powered by a scramble for the market's bluest of blue chips and interest in a surprising red-chip deal, brokers said. The Hang Seng Index gained 190.5 points, or 1.39 per cent, to end at a record closing
      Reuter  -  1,623 words
    • Article, Illustration
      669 12 Reuter n Shenzhen B Index 4-3.01 CHINA'S share indices ended up across the board yesterday, led by solid rises in domestic A shares as investors shrugged off fears of possible official intervention to cool the markets down, brokers said. But the official Xinhua news agency said after the market
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  669 words
    • 393 12 AFP □WPMn -UMB SHARE prices closed sharply lower yesterday on jitters over political instability after the resignations of three cabinet members ahead of a planned cabinet reshuffle, brokers said. The Weighted Price Index ended down 116.48 points, or 1.39 per cent, to 8,233.37, off an intra-day low of 8,168.29.
      AFP  -  393 words
    • 274 12 AFX-Asia n Wellington -&85 Share prices closed lower on profit-taking among leading stocks, dealers said. The NZSE-40 Capital Index closed 8.85 points lower at 2,312.26. Turnover was NZ559.31 million. -AFX-Asia «ay» US *f- (OOP) ANZ B*nhmg 9 41 ♦0.06 6967 Advantages Miags 138 unch 3100 Air New Zealand (A)
      AFX-Asia  -  274 words
    • Article, Illustration
      824 12 AFP □set Index -8.63 THAI share prices hit a new six-year low yesterday dropping 1.4 per cent on unrelenting selling pressure by foreign investors, mainly in banking, finance and communications shares, dealers said. Prices fell for the fourth straight day because of growing concern about existing bad debt at
      AFP  -  824 words
    • 419 12 AFP Composite Index +193 SHARE prices rose 0.4 per cent on the Korea Stock Exchange, with institutional investors snapping up undervalued stocks following a slide for the past four straight sessions, brokers said. "We got a technical rebound following the four days of straight falls," said Cho Hung Securities
      AFP  -  419 words
    • 610 12 AFP Ordinaries +2L3 SHARE prices rose 0.9 per cent as banking stocks strengthened to help the bourse post its third record closing high this week. "The bond market also ended up pretty firm and that has been kicking our equity market along nicely all day and was a big
      AFP  -  610 words
    • Article, Illustration
      748 12 AFP Composite Index »&85 SHARE prices rose 1.0 per cent on blue chip gains and improved foreign investor confidence amid diminished fears about a US interest rate rise, dealers said. "Foreign investors confidence on this market has recovered and more foreign investors came back as fears about domestic political
      AFP  -  748 words
    • 347 12 £3 Manila -10.71 SHARE prices fell 0.4 per cent due to pessimistic expectations for soon-to-be-released government growth figures for the first three months of the year. The PSE Composite Index fell 10.71 points to 2,671.39 points. Turnover rose to 7.12 billion shares worth 2.05 billion pesos compared to 4.15
      347 words
    • KUALA LUMPUR STOCK MARKET
      • 8441 13 INDUSTRIALS Consumtf products 1M7 Last Vol Day Net Cap High Low Company Sale 'OOP High Lour P/C Smil 790 600 Ajinomoto 630 -30 2 630 620 34.9 255.4 448 300 Angkasa 328 until 114 332 324 9.7 483 6 905 670 Apollo Food Hlg 705 -5 7 715 700 282.0
        8,441 words
      • 564 13 Reuter Composite Index *o^3 SHARES closed almost unchanged yesterday, even though some foreign institutions began showing interest in selected blue-chip stocks, analysts said. The Composite Index closed 0.23 of a point higher at 1,107.37 on a lack of local buying interest, dealers said. "There
        Reuter  -  564 words
    • WARRANTS & OPTIONS
      • 3667 14 BONM, LOANS A VARIANTS wt 1997 Last Val Day Last Ouot> Avg Win Lw» Stno Cimwy COOO) High La* Bwyar S«4l»r Prtc» 68 4475 m 3000 m AM08 CV5H*****6 52 48 53.5 62 415 3160 »Acar ******1 US$ 46 -1 12 46 45 45.5 47 131 77 3164 Ac ma
        3,667 words
      • 187 14  -  WARRANT WATCH -By. R Sivanithy PROPERTY stocks seem to have weathered the worst of the recent storm and are slowly showing signs of recovery. One counter that has firmed but not as much as some of the other blue
        187 words
    • 2185 14 Cr 6r IMT LMt Val Day Last Owtt M) Oh «H M M Cap M0 La* Stno Cawp—y Sata V- COOOt Ht*i Lw Buyar !ll»r Cvr Pit tmM 478 330 msSOOO AISSSOc 340 *2 91 340 330 330 342 5.0 4.9 03 693 343.8 137 92 ms 5001
      2,185 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1656 15 •t TUMOVtt (*000) VALUE COOO) •>» >m» cm urn mm cm t*mi tndustrtai K>8,672 S.6U 114.395 145.730 12.510 H6J46 Floanc* 9.079 6.695 16,574 09,291 15J76 KHMI Hot*l$ 1,751 WO 1.940 4,702 3M 5,040 PrifwtiM 6,188 2.328 MM 55.604 2.566 30J551 Plantation 400 400 I.M0 1.140 53 53 141 141 BLW
        1,656 words
      • 5112 15 Transaction Date :May 9 Cr Cr M Wt 1997 Last Vol Day Last Quota Dlv Dlv YM Net Cap Avg Kgfc Law StMa Cempaay Sala COOOI HtgH Lew Buyac »a8sr Cw P/l imk Prfca l—irauu S146 ASENTS***** US- MS 885 1275 ASF US$0.***** US885 -885 88 5 175
        5,112 words
      • 1142 15 Cr Or M Wt 19*7 Last Vai Day Last Owll CM* Di» Vld Nat C*> A >9 HHH Lm SINo Cimnny Sato rOOOl Ht*i Law avyar SriK Cw P/E $m« Pnc. TffftftO 186 114 2000 ABRHWftSc 115 cd uncti 11 116 rt5 1V« 115 3-0 6.0 0.1 164 3
        1,142 words
      • 231 16 Stacks Volume Popular 10c 55,392,000 HK Land US$0.10 9,911,000 Uraco Hldgs 10c 6,604,000 DairyF US$0.05 5,330,000 Pac Andes 20c 4,911,000 Roly IntUSSO.IO 4,696.000 Aztech 5c 4,377,000 JMH US$0.25 400 3,948,000 Serial Sys 10c 3,704,000 *MBf Capital 3,596,000 Stocks Popular 10c 28,692,155 DBS Foreign 28,582,024 JMH US$0.25 400 25,794,444 HK Land
        231 words
      • Article, Illustration
        62 16  -  by Shiv Taneja COMFORT Group closed yesterday up one cent to $1.17 on a volume of 2.4 million, about four times its 10-day traded average. For medium-term investors, the outlook for this counter is good. The daily and weekly MACD charts are calling a buy on this stock,
        62 words
      • 652 16  -  STOCK MARKET COMMENTARY Brokerages report demand from local and Japanese funds; dealers expect mixed-to-firm week ahead By R Sivanithy [SINGAPORE] Second-liners and US dollar-denominated laggards provided the main focus in a mixed session yesterday, although blue chips did manage to resume
        652 words
      • ON THE GRAPEVINE
        • 164 16 STEALTH may be the hottest buzzword amongst warship designers nowadays, looking at the type and variety of non-conventional (read: weird) designs on show at the International Maritime Defence Exhibition (Imdex), that supposedly make one's vessels less visible to radar and other sensors. But a different kind of
          164 words
        • 119 16 SINCE a well-known medical group has gone public, it can be said that services of some doctors have become a listed commodity in the Stock Exchange of Singapore. And busy doctors, like an over-heated stock market, need a breather. A family doctor practising near
          119 words
        • 243 16 THE man likely to have most of the answers to the Bre-X gold scam in Indonesia is company geologist Michael de Guzman. So perhaps the first thing that investigators into the scam should clear up beyond doubt W Is whether Mr de Guzman did, or
          243 words
        • 116 16 DO you know that the Tokyo Stock Exchange (TSE) is in town? They've been here since December but a TSE official hurriedly assured us that they are not here to lure Singapore companies onto their bourse, just those from around this region. Anyway, we found
          116 words
  • Page 7 Advertisements
    • 83 7 t Rising Occasion j .1, Jl.l J. 11l .JUL'J 3 > f j. w d* 3 /^^^^^^^^■jCorporate v rfl| ISO certification ceremonies J| I i. These and other corporate milestones present perfect opportunities 5 to enhance your corporate image with a self-funding special feature in our newspapers. i For more
      83 words

  • Page 8 Advertisements
    • 85 8 In business good connections can make a world of difference Reach customers and business partners around the world with Singapore Connect, Singapore's most comprehensive business directory on the Internet «a:|a=a with Singapore connect: Add information to the basic data in your company's listing Join our Partners Programme and get in
      85 words




  • Page 12 Advertisements
    • 29 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 I The Business Times and Lianhe Zaobao.
      29 words

  • Page 13 Advertisements
    • 37 13 Rare Natural Gems B IDEAL CUT'DIAMONDS 1 8 S**a (r**) 1 W©X^J| Symmetry Excellent Shangri-La Hotel Arcade, p PATEK Optional-LASER NUMBERED Singapore Tel: 732 5689 732 0721 1 PHILIPPE h I 1,, J Malaysia(K.L)Tel:23o 2848 230 2843
      37 words

  • Page 14 Advertisements
    • 68 14 I corporate pcrfcct opportunities to j-Q tM 6 enhance your corporate image with a self-funding special feature our II f* f* O C I A \A* I you can rise to the occasion with a special feature, contact: Joe Heog 2481 Pg: 9306 8499 Official openings Corporate anniversalSl HBwHHEBon ceremonies
      68 words


  • Page 16 Advertisements
    • 169 16 OSIIBBHBBBBBB 1 To: Multimedia Division Cheque Please attach a crossed cheque made payable to Singapore Press 1 Singapore Press Holdings Ltd Holdings Ltd, and mail it to the address on the left 1 82 Genting Lane, Singapore *****7 J Tel: 740-1481 Fax:74o-2216 Name: 1 J I wish to subscribe to
      169 words
    • 146 16 1 New issue All these Securities having been sold, this Value Date May 6, 1997 announcement appears as a matter of record only. j| Deutsche Ausgleichsbank Wt advance the future EEE DM 1,500,000,000 J 6 Euro-Asian Notes due 2007 Series 14, Tranche 1 issued under a U.S.$ 5,000,000,000 Multi-Currency Debt
      146 words

  • EXECUTIVE Lifestyle
    • 1438 17  -  Casualties are surfacing as restaurants are sprouting much faster than the demand for them. Prospects remain bleak, reports oosnniE kerk CORINNE KERK IN Singapore's dining scene, what is the likelihood of you going to a new restaurant one day, and returning six months later to
      1,438 words
    • STRAWS In The Wind
      • 24 17 WHAT are some spoilsports saying about Sentosa? They've turned it into an acronym that stands for "So Expensive Nothing To See Also".
        24 words
      • 55 17 LOO TALES: we'd like to see public toilets in Singapore being as thoughtful as the people at the China Tea House in Hongkong's Pedder Building. Whenever the chic cafe's guests want to use the 100, they get a cute little basket containing toilet paper and fragrant soap.
        55 words
      • 143 17 DID you think lawyers were smart people? You might change your mind after this list of actual questions asked by lawyers, as reported in the Massachusetts Bar Association Lawyers Journal: Now doctor, is it true that when a person dies in his sleep he doesn't know about it
        143 words
    • BOOKS
      • 807 18  -  The revamped Footprint handbooks provide more practical information than any traveller could bargain for, says siax jay SIAN JAY The author is a social anthropologist based in Singapore DO NOT smoke opium while visiting hill tribes, advises the Footprint Handbook on Thailand. The one
        807 words
    • COVER STORY
      • 913 18  -  RESTAURANT BLUES Fratini H Ristorante's chef-cum-owner reveals why he has decided to call it quits Ky Corinne Kerk IT IS 4 pm and Fratini II Ristorante is empty, save for a few staff chatting at a bar counter, and with them, a visibly relaxed Gabriel Fratini.
        CHRIS LOH  -  913 words
    • ART
      • 1508 19  -  Ink and brush paintings take a back seat in this month's three exhibitions, be* mumroe reports BEN MUNROE SAY "Chinese art" and most people will instantly think of ink and brush paintings, of misty mountain vistas and the River Li. Some may conjure up pictures
        1,508 words
    • 483 20  -  CINEMA Kristin Lavransdatter, set in 14th Century Norway, sees some fine acting By] Holly Harrison IF there's a place more foreign to modernday Singapore than 14th Century Norway, a land of seemingly limitless snow and isolation. one would be hard-pressed to guess what it
      483 words
    • 795 20  -  CINEMA The Daytrippers is a priceless comedy, with skilful characterisation and impressive acting Susan Tsang THE Daytrippers starts off unpromisingly. The view of a suburb seen through the window of a moving car is shaky and looks like it was shot on video, and
      795 words
    • 400 21  -  NIGHTSPOT The Boat Quay joint relives the gulden era of rack and pop By, A Surendren PEOPLE know that the Southbank is in Boat Quay. They know it has a pool table. They also know Roger Kool entertains here too. And that's the good
      SIEW YAW HOONG  -  400 words
    • Article, Illustration
      420 21  -  Compiled by M Yasotha COMCERT S'pore Symphony Orchestra Foo Say Ming is the soloist in SaintSaens' Violin Concerto No 3 in B minor Op 61. Also on the programme are Debussy's Prelude a L'Apre-midi d'un Faune and Tan Dun's Theatre No 1. Shui Lan conducts. May 16 May
      420 words
    • EPICURE
      • 657 22  -  The Marina Mandarin restaurant may not look very different after its renovation but what makes it stand out is its fine cuisine, jaime ee reports JAIME EE AS far as fine Chinese restaurants go, it's hard to find one that really places extra emphasis on
        657 words
      • 552 22  -  RESTAURANT By Jaime Ee WHEN is a brasserie not a brasserie? When it's actually a hotel coffeeshop with a deluded sense of grandeur. The Grand Plaza Hotel is perhaps the best thing to happen to Coleman Street, providing a breath of fresh air to the otherwise tired
        552 words
      • 680 22  -  RESTAURANT Hie cooking style and inpedieats at Chungking are nimrintikihfr Cantonese By 1 Tan Su Yen PASSIONATE about the hot, spicy flavours of Szechuan food? Think twice before embarking on a grand adventure to China's Szechuan province in search of a gourmet's dream banquet.
        CHRIS LOH  -  680 words
    • Article, Illustration
      1114 23 Itrwlilug The Waves. Danish director Lars Von Trier's tale of marriage, madness and miracles in a Scottish community. With a haunting performance by Oscar-nominee Emily Watson. R(A). Lido: 5.45; 8.45; 11.45. GV Marina: 11.20; 4.20. Oriental: 5.45; 8.45; 12am. CWwb Bath. Laura Dern stars in a quirky film about
      1,114 words
    • TRAVEL
      • 2045 24  -  The food-loving traveller will find more than ample choices in the South Australian capital and at prices that won't make a hole in his pocket Audrey perera on some of the best eating places in the city AUDREY PERERA THERE are only two things that
        SOUTH AUSTRALIAN TOURISM COMMISSION; ADELAIDE HILTON; AUDREY PERERA FOR BT; GOUGBR STREET TRADERS ASSOCIATION  -  2,045 words
  • Page 17 Advertisements

  • Page 18 Advertisements
    • 113 18 It's time to reap the home-grown harvest. 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 at I
      113 words


  • Page 20 Advertisements
    • 62 20 For real- time I v stock f J information, 4 call Quickstock t on 1900-913-0003 at 30 cents It 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
      62 words
    • 60 20 arm —i jdvh i rfl:'%lvi An Im I l IT/ I ml 1# XI ml 9 LI I H /1 I J >^Lr\wl I ?P-t^Hlijij^HHl f s 7 M H -rim. Wwty dwjMte^^ GET IT NOW! APFHL «Nr *87 HOME DECOR $4.60 .r^weo(*sßocs.NlUCS«wriw*l«B.K,r«„™ M .?(wm.Mm SIOP P«SS kra*s CoM Swage
      60 words

  • Page 21 Advertisements
    • 702 21 Where to wine, dine and entertain... Prcscntol by ®J| 1******45 111— That (letter way to celebrate a great week than Sunday Brunch at The Cafe-in-The-Park? Enjoy the finest brunch and service at only $28* per adult (only $14* (or the kids). Then toast your good fortune with Gold Sett Champagne,
      702 words
    • 123 21 SOUTH AFRICAN FLAVOUR < 4 GOES CANTONESE 4 «rt tU M»ptvn® from now tt 1171 M«y. 4 Enjoy OrtrtcA dishes, SoutA Afrfc«ni i| wtno <nj 0 &«tiAfrt«nt Rtvuo 9W J f»r only for «i toLfs of to. Vow could wtn a trip to SoutA Africo 1 «n»J MaurttJuy tn our
      123 words

  • Page 22 Advertisements
    • 70 22 ST-,? r -"^KSBBfl™P®BE®EiJ^Ks^K^iw^P@®VM^Fflwß^B^;^^^^Fi nwonfr presents lo ■i m Sunday, 18 May 1997 Hole-In-One Grand Prize A PAIR OF ONE-CARAT DIAMOND RINGS <XFID> »o< N IJ r CERTIFIED r>lWin a Holiday trip to Australia, Hiailand or East Malaysia! fadividual Trophies for The Winning Couples t-; Lucky Draw, Best Dressed Couple Award
      70 words

  • Page 23 Miscellaneous
    • 1845 23 TODAY'S TV f I stars. 12.00 NN TV Innovations. 1 dM J"®? Prince Valiant. LOO PM Tennis: ATP Tour Iv- A ~a\ The Pastagums. Highlights 1997. .>"•« 4 #0 Ya Alif (r). 2.00 Hogs Wild. 4 30 Columbus. 3.00 ESPN: Sportscenter. 100 Jackie Her Bushbaby in 3*o World of Water.
      1,845 words
    • 250 23 RADIO Performance, BBC, Brinda Charry in India. Saturday, 4Jopm For nearly 40 years, the Arts: A Private Vtow, BBC, Anglo-Austrian string group Sunday,'« called The Amadeus Quartet For most people, a trip to an was considered one of the best art gallery provides the only in the world. This series
      250 words