The Business Times, 2 May 1998

Microfilm: NL21186
Total Pages: 14
1 14 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) ll(V12/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, MAY 2-3,1998
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  • Article
    MARKET SUMMARY
    45 1 9TOCX MAIIEr INDICES Friday Change KLSECOMP closed NIKKEI 1W01.10 -4fl.il HANOSENO 1MOJ8 +180 SET INDEX dosed JAKARTA COMP _44&62 11.62 MANI1A COMP dosed TAIPEI WPI dosed r SEOUL COMP dosed CLSA CHINA B dosed AU8TALLORD 2*04.2 +42.1 lpn EOT Change DOW S,084.64 +21.17
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  • Article
    FINANCE
    77 1 FOSEX BATES us$ ss CSS 1596 £(US$/S$ per 1.671 1666 DM 1.711 0.8918 YEN 131.9 1109* MS 1776 0.423 HKS 7.748 0106 BAHT 38.68 0.041 RLP1AH 8,000 0.029* •St to 100 units ran bates SINGAPORE* 7.79 KUALA LIUPUR 11.50 JAKARTA -28.00 BANGKOK 14.75 MANILA ...nM HONGKONG 1025 TAIPEI 8JO
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  • Article
    Summerdale exec condo joins price war
    591 1  -  Average selling price of $400 psf after 8% discount, absorption of stamp duty By, Jenny Lam [SINGAPORE] The property price war has extended to executive condominiums (EC), a class of property between private and public housing, with Summerdale offering an 8 per cent discount
    591 words
  • Article
    Tokyo to make tax cuts permanent: trade minister
    322 1 [VERSAILLES] Japan is moving towards making tax cuts pledged in its latest US$128 billion (SS202.8 billion) fiscal stimulus package permanent, said Mitsuo Horiuchi, Japan's Minister of Trade and Industry. Asked when his government will respond to urging by the US, the EU
    322 words
  • Article
    Fears mount of South Korea suffering an economic relapse
    543 1  -  From. Jennifer Veale in Seoul FEARS of a second financial crisis in South Korea are mounting as the economy grinds to a halt and the austere economic reforms demanded by the International Monetary Fund begin to hurt. Though the worst of
    543 words
  • Article, Illustration
    Lock icon 1999 target set back by 2-3 years: PM
    411 1  -  This despite S'pore emerging relatively stronger from region's tnrmoil By, Jenny Lam [SINGAPORE] The government's vision of Singapore achieving the 1984 Swiss standard of living by 1999 has been delayed by about two to three years by the regional economic crisis, said
    LIANHE ZAOBAO  -  411 words
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      166 1 nrauuß MntfWMttflMO President Suharto has said that those pressing for major political and economic changes will have to wait until the country's next general election in 2003, P|4 ABC of fiotora trading Trading in futures is not just for the maths wiz. R Sivanithy shows how, with a little homework,
      166 words
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      Page 1 Advertisements Column 2
      9 1 Record 2.1% fall in Japan household spending, Pg 3
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      37 1 4 ;JM I I jjj Serving Authentic IjKyELr Hunan Sichuan ■pE*-* U Specialities fc- j ''*i- 4 SPICE GARDEN RESTAURANT fort canning 11 Canning Walk, Singapore *****1. Tel: 334 6556 f/*///t/>yf4// Managed by Tung Lok Group i
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        547 2 Those polled for their views on the Singapore stock market outlook for next week were: Alliance, Daiwa, Deutsche Morgan Grenfell, Fraser, GK Goh, ING Barings, Kim Eng, Merrill Lynch, Phillip and Indosuez WI Carr. Singapore Telecom ♦(ftqr) Indosuez WI Carr, Apr 30, $2.72 The good news for
        547 words
      • Article, Illustration
        In My Opinion
        438 2  -  Vivek Gandhi Investment Manager Aberdeen Aaaet Management Asia am HE current regional I stock market turX moil has, amongst other things, highlighted the importance of alternative investment strategies to better control and manage investment risk. A conventional unit trust does this by investing in a basket of
        438 words
    • Article, Illustration
      Lock icon How to trade KL index futures
      1140 2  -  Futures are sophisticated instruments but with a little homework and thought they can be quite easily understood By R Sivanithy [SINGAPORE] ASK the average retail stock market player about trading futures on the Kuala Lumpur Stock Exchange's Composite Index and chances are, you'd draw
      FILE PHOTO  -  1,140 words
    • Article, Illustration
      Lock icon The Phoenix rises again as hostile rivals wait in the wings
      836 2  -  EYE ON THE REGION: THAILAND Thai paper company once again mired in controversy From, Harish Mehta in Bangkok CONTROVERSY-ridden Phoenix Pulp and Paper on Wednesday night survived a third hostile takeover attempt in four years, and staved off charges
      Source: Bloomberg  -  836 words
    • Article
      Wealth, wisdom and wit from Motley Fool school
      537 2 The Motley Fool Investment Guide. How The Fool Beats Wall Street's Wise Men And How You Can Too By David and Tom Gardner Published by Simon Schuster 297 pages $33.50 Reviewed by Raju Chellam IN 1993, two brothers, David and Tom Gardner,
      537 words
    • Article
      Some Fool pointers for the investor
      180 2 HERE'S a motley collection of Fool pointers for investors: ♦Of the over 5,845 mutual funds in the United States, only 2,615 have a three-year track record, and of those, 80.5 per cent lost to the S&P 500 return of 7.86 per cent annual growth.
      180 words
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  • MARKETS IN TURMOIL
    • Article
      Lock icon IMF set to okay US$1b loan payout to Jakarta on Monday
      471 3 Official commends Jakarta for progress on reforms, expects USs2bmoretobe disbursed by July Reuters [WASHINGTON] The International Monetary Fund is set to approve a US$l billion (Ssl.6 billion) loan payment to Indonesia on Monday, and to disburse a further US$2
      Reuters  -  471 words
    • Article
      HK may raise banks' capital adequacy ratio
      464 3  -  Banks have more than enough to meet new ratio From Quak Hiang Whai in Hongkong THE Hongkong Monetary Authority is considering raising local banks' capital adequacy ratio requirement to 10-12 per cent, up from the international standard of 8 per cent. A HKMA
      464 words
    • Article
      Lock icon Audit of Indon banks starts soon
      295 3 AFP [JAKARTA] The central Bank Indonesia and six major accounting firms will begin auditing the financial conditions of the country's commercial banks this month, a report said yesterday. The due diligence audit on some 200 banks will be sponsored by the Asian Development Bank
      AFP  -  295 words
    • Article
      Lock icon Indon levy on palm oil, log movements
      217 3 AFP [JAKARTA] Indonesia is to levy a 30 per cent tax on movement within the country of crude palm oil and log wood in a move to prevent their clandestine export abroad, press reports said yesterday. Minister of Forestry and Farming Sumahadi said
      AFP  -  217 words
    • Article, Illustration
      Lock icon Former finance official tipped to head Thai central bank
      513 3  -  From, Harish Mehta in Bangkok A FORMER top finance ministry official, dubbed Mr Clean of Thai bureaucracy, is widely tipped to replace Bank of Thailand governor Chaiyawat Wibulswasdi, who is under political pressure to resign for causing a drain of some
      FILE PHOTOS  -  513 words
    • Article, Illustration
      Lock icon ADB may have to call for early capital increase
      585 3  -  From, Anthony Rowley in Geneva THE burden of coping with the regional financial crisis may force the Asian Development Bank to make a politi-cally-sensitive call on its shareholders for an early increase in capital, ADB president Mitsuo Sato said yesterday at
      AFP  -  585 words
    • Article
      Lock icon Record 2.1% fall in Japan household spending
      249 3 AFP [TOKYO] Japan's household spending in the year to last March fell by a record 2.1 per cent from a year earlier, reflecting weak consumption amid the nation's economic downturn, a government agency said yesterday. The decline, which followed a 0.1 per cent
      AFP  -  249 words
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      5 3 TODAY H yuanhej^pbap I iti*
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      Page 3 Advertisements Column 2
      714 3 VAN DER HORST LIMITED I(lncorporate)1(Incorporate) in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Fourth Annual General Meeting of the Company will be held at 11 Pandan Crescent. Singapore *****7 on 25 May 1998 at 4.00 p.m. to transact the following purposes: Ae
      714 words
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  • REGION
    • Article
      Lock icon Political change must wait till 2003: Suharto
      402 4 JAKARTA Bloomberg. Reuters, AFP INDONESIAN President Suharto said yesterday that those pressing for major political and economic change will have to wait until the country's next elections in 2003, adding that the nation's laws don't allow for radical changes until then. Speaking after
      Bloomberg.; Reuters,; AFP  -  402 words
    • Article, Illustration
      Indonesian tales of the abducted
      695 4  -  Lttli IUiFROM JAKARTA Missing activists return with disturbing accounts of detention and torture By S N Vasuki Supporters of President Suharto usually defend his regime by pointing out that relatively speaking, those opposed to his administration have more freedom to express their views. Moreover there
      695 words
    • Article
      Lock icon MTUC against using EPF to bail out troubled firms
      289 4 SHAHALAM Union chief says EPF board of directors should be consulted on investments Bernama THE Malaysian Trades Union Congress (MTUC) said yesterday it opposes the use of the Employees Provident Fund to buy equities to bail out troubled companies. Its president
      Bernama  -  289 words
    • Article
      DPM Lee leads delegation to US
      240 4  -  SINGAPORE By < Conrad Raj DEPUTY Prime Minister Lee Hsien Loong left yesterday for the US to forge closer ties between the United States and Singapore. Brigadier-General Lee, who is also chairman of the Monetary Authority of Singapore, will meet chiefs of financial institutions,
      240 words
    • Article, Illustration
      Lock icon Violent protest against Korean job cuts
      119 4 Bloomberg SOUTH Korean riot police fired tear gas and water cannons at some 35,000 labour union members as they marched in downtown Seoul yesterday to protest against job cuts. Thousands of police block- Ed off the road to prevent the protesters from reaching Myungdong
      Bloomberg; AFP  -  119 words
    • Article
      Ecotech body picks Singapore for Net-based Media Resource Centre
      400 4  -  From G Panicker in Madras THE Asian Ecotechnology Network (AEN) has chosen Singapore to site its Internetbased Media Resource Centre (MRC) for the Asia-Pacific because of the country's excellent infrastructure in information technology. Sponsored by the United Nations Educational, Scientific and
      400 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      517 4 BUSINESS IN THE MATTER OF THE COMPANIES ACT, CAP. S$ AND IN THE MATTER OF BRIGHTEAM CORPORATION PTE LTD (Incorporated m Singapore) Al an Extraordinary General Meeting of the abovenamed Company duly convened and held at Block 32 Defu Lane 10 #03-22 Singapore *****2 on 23 April 1998 the following
      517 words
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      440 4 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF JETOUR SINGAPORE PTE LTD (la Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP NOTICE IS HEREBY GIVEN that the creditors of the abovenamed company, which it being wound up voluntarily, are required on or before 25 May 1998
      440 words
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      Page 4 Advertisements Column 3
      48 4 IEE! 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. Another Classified Service Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. t Another Classified Service
      48 words
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  • THE WORLD
    • Article
      Lock icon US consumer spending rises by faster 0.5%
      386 5 March figure another sign that domestic demand is fuelling growth WASHINGTON Bloomberg CONSUMER spending accelerated at a faster-than-expec-ted pace in March from a month earlier, another sign domestic demand is fuelling growth in the US, even as personal income growth slowed. Spending rose
      Bloomberg  -  386 words
    • Article
      Lock icon UK manufacturing fell in April: survey
      340 5 LONDON Bloomberg UK manufacturing declined In April for the first time in two years, according to the latest survey from the Chartered Institute of Purchasing and Supply (CIPS), as a strong pound hit exports. The CIPS' overall index fell to 49.5 in April from
      Bloomberg  -  340 words
    • Article, Illustration
      Lock icon Europe Central Bank chief issue unresolved
      415 5 BRUSSELS Political diplomacy la full awing amid hopes of a solution at today 1 rammlt Bloomberg EUROPEAN leaden retorted to last-minute diplomacy to break a deadlock over who will run the European Central Bank, at the dispute threatened to undermine a summit this weekend
      Bloomberg; REUTERS  -  415 words
    • WORLD Watch
      • Article
        Lock icon Wide Middle East gulf
        59 5 Reuters (JERUSALEM) Print Minister Benjamin Netanyahu Mid yaatarday that i "considerable" gap rtmained i b^wtwltrMUandPaleatlnianpoeitioneaheadof• key push In London next week to revlva their deadlockad paaoetalke. Mr Netanyahu aatt that he hoped an uraement oould be (bund when he and Paleatinlan President Yaaaer Arafet matt US
        Reuters  -  59 words
      • Article
        Lock icon US Senate nod for new Nato members
        28 5 Reuters (WASHINGTON] Tha US Senate on Thunday oveprfoetatotfy approved extending Nato membership to the Csech Republic, Hungary and Poland. The Senate
        Reuters  -  28 words
      • Article
        Lock icon Big right-wing relty in Germany
        44 5 AFP [LEIPZIO] A rally billed as the largaet right-wing lathering in Oermanyeinoe the Naai era got underway ytmrtay, trlprtes violent protaato by left-wing actfvleta. Ata&aeatmoepbererelsnedaathoueandeQf •ttpportmofttentra&sarlfhtNatlonalDamooratlo i Party (NPD) oocverged on a monument commemorating Napoleon's defbat In 1813. —AFP
        AFP  -  44 words
      • Article
        Lock icon Yeltsin's Chechnya envoy kidnapped
        24 5 Reuters [MOSCOW] President Boris Yeltsin's personal envoy to I Chaohnya, Valantln Vlaeov, waa kidnapped to tha breakaway rtflon yeeterday, Rtutm
        Reuters  -  24 words
      • Article
        Lock icon Iran wants wins with EU
        38 5 AFP [TIHfiRAN] Iran aald yeeterday It waa kaan to lmprova ties with tha Suropaan Union but atraaaad that tt would not ohangelta hardline stanoebn Salman Ruahdie, the British author oondamnad todaath in IMS.-AFP
        AFP  -  38 words
    • Article
      Lock icon Euro a boon for business: employers
      291 5 BRUBSELS Reuters EUROPE'S ilngla currancy will speed up corporata restructurlng and halp boost tha competitiveneee of tha oontinant'i industry on world markati, tha Europaan employart' group laid yeaterday. Speaking on tha ava of today's summit to launch economio and monatary union (EMU) with 11
      Reuters  -  291 words
    • Article, Illustration
      Potency and politics
      740 5  -  lbttbk FROM WASBZVOTOV Viagra, the antl-lmpotency pill, has taken the US by storm By Leon Hadar BYE, bye, Monica Lewinsky and the Dow Jones, and hello Viagra. Yes, it had to take something really big, something sexy, powerful and expensive to remove the love life of President
      740 words
    • Article
      Lock icon Compromise reached on US law against cyber-piracy
      236 5 WASHINGTON Bloomberg THE US telephone Industry, online service providers and the Hollywood creative community have reached a compromise on legislation designed to protect copyrighted products, such as movies and sound recordings, from cy-ber-crlmlnals. Under the compromise, phone companies and online service providers would
      Bloomberg  -  236 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      283 5 (JRIPI'IU CROSSWORD 27 Stid knight* tttlft (7) SB Whsrs mas is dried in the upper room? (7) Lsave one in the storegs ares IMIHUATI MUmON DOW* s year (7) 1 Sailor has shot at Kitty (7) 14 Fetching dog (9) a Knight lost a lot of the weapon 1« A
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  • COMPANIES & MARKETS
    • COMPANY Briefs
      • Article
        Lock icon Chevron's Thai project put off
        81 6 AFP [BANGKOK] US-based oil giant Chevron and Thailand's state-run petroleum firm have postponed a planned Joint venture aromatics complex due to the economic downturn, reports said yesterday. Petroleum Authority of Thailand (PIT) petrochemicals executive director ViroJ Mavichak said the project will be delayed for two
        AFP  -  81 words
      • Article
        Lock icon CLP gets funds for China power venture
        75 6 AFP [HONGKONG] Hongkong-baaed CLP Holdings said yesterday it had clinched financing for 70 per cent of a US$2.2 billion (553.5 billion) joint venture oower plant in China's Shandong province. The company said export credit finance for 70 per cent of the project cost
        AFP  -  75 words
      • Article
        Lock icon 136b rupiah loss for retailer Matahari
        49 6 Bloomberg [JAKARTA) Indonesia's largest retailer FT Matahari Putra Prima said it lost 138.2 billion rupiah (5527.l million) last year as foreign exchange charges from about US$2OO million (Ss3l6 J million) in debt surged. In 1866 it made a profit of 15.5 billion rupiah.—Bloomberg
        Bloomberg  -  49 words
      • Article
        Lock icon Boeing wins US$1.6b missile shield deal
        63 6 Reuters [WASHINGTON] Boeing Co on Thursday won a US$l.6 billion (552.5 billion) US military contract to design and develop a revolutionary space-age system to defend the US against ballistic missile attack. Boeing won the award in a competition with an aerospace industry team headed
        Reuters  -  63 words
      • Article
        Lock icon Unilever plc earnings up 44% in Q1
        69 6 Bloomberg [LONDON] Unilever pic said first-quarter net income roee a higher-than-expected 44 per cent as the Anglo-Dutch consumer products maker posted gains in Europe and Asia. In Amsterdam, Unilever NV, the Dutch half of the company .saidits first-quarter net roee 60 per cent.
        Bloomberg  -  69 words
      • Article
        Lock icon HK Telecom seen posting HK$19b profit
        57 6 Reuters [HONGKONG] Hongkong Telecom's 1997/96 results are set to show good growth in its mobile business. The company is due to release its results for the year ended MarcfeSl on Monday. Goldman Sachs analyst Tim Storey forecast net profit of HK$l9.3 billion (553.9 billion),
        Reuters  -  57 words
    • Article
      Lock icon Mitsui Wharf: suspicious notes found
      98 6 Bloomberg [TOKYO] The Tokyo Stock Exchange said yesterday it suspended trading of Mitsui Wharf Co, a warehousing company, after a financial information firm said Mitsui Wharf had bounced a cheque. Mitsui Wharf said it was investigating whether employees issued what it said was a bogus
      Bloomberg  -  98 words
    • Article
      Lock icon CP Indonesia seeks US$400m debt repayment deferment
      296 6 Bloomberg [SINGAPORE] PT Charoen Pokphand Indonesia, the publicly traded arm of Thailand's biggest industrial group, said it is seeking a year's deferment on repaying its US$4OO million (***** million) debt. Officials at CP Indonesia, which makes animal feed, met about 40 creditor banks
      Bloomberg  -  296 words
    • Article
      FJ Benjamin: outlook still bleak but all is not lost
      616 6  -  HOCK LOCK SIEW Jenny Lam OW QUICKLY fortunes change. Luxury fashion retailer FJ Benjamin, which recently shocked ■1H the market with an interim loss of $18 million, is a good exI ample of companies whose fortunes have been reversed by
      616 words
    • Article, Illustration
      Ex-Pepsi man joins YHS as chief operating officer
      481 6  -  YHS ropes veteran in to help build np its F4B business By] Lilian Ang [SINGAPORE] Yeo Hiap Seng (YHS) has roped in an ex-Pep-si Cola man, Lau Boon Tuan, to help build up its food and beverage business. Mr Lau, 40, was
      481 words
    • Article
      Lock icon PT Telkom, partners to meet over claim
      213 6 Bloomberg [JAKARTA] PT Telkom, Indonesia's domestic phone monopoly, has denied claims made by its joint venture partners that they paid the company US$2OO million (*****.8 million) in initial investments. The true figure is US$lO5 million, Telkom told the stock exchange. To resolve the
      Bloomberg  -  213 words
    • Article
      Lock icon SIA may buy 10 Airbus long-haul jets for US$1.5b
      426 6 Deal will be a blow to Boeings plans for new version of 777 Bloomberg [TOULOUSE] Singapore Airlines plans to buy 10 long-range, widebody planes from Airbus Industrie for US$l.5 billion (552.4 billion), a person familiar with the order said, marking a
      Bloomberg  -  426 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Bank of NY likely to drop Mellon bid: analyst
        321 7 But the bank denies this and says it has set no time limit for the merger Bloomberg [NEW YORK] Bank of New York Corp is likely to drop its US$22 billion (Ss3s billion) takeover bid for Mellon Bank Corp in a
        Bloomberg  -  321 words
      • Article
        Lock icon Fuji Bank unit's IPO raises US$1b
        395 7 Shares of US-based Heller Financial 10 times subscribed Bloomberg [CHICAGO] Heller Financial Inc, a US unit of Japan's Fuji Bank Ltd, raised US$l.O4 billion (551.64 billion) in an initial stock sale yesterday, the biggest in almost two years. The Chicago-based company, which finances small
        Bloomberg  -  395 words
      • Article
        Lock icon UK bank lending up by £8.4b in Q1
        237 7 Reuters [LONDON] Total sterling lending by the major British banking groups rose by £8.39 billion (5522.2 billion) in the three months to the end of March, the British Bankers' Association said yesterday. The corresponding figure for the fourth quarter of 1997 was
        Reuters  -  237 words
      • Article, Illustration
        Lock icon Strike takes the gas oat of Denmark
        59 7 [TO*US A, Denmark] Grete Jessen, leaseholder of a petrol station in the southern Danish town of Knisajnear the German-Danish border, covering a pump with an out-ofservice sign on Thursday. Petrol stations in Denmark are running out of petrol because of the ongoing general
        REUTERS  -  59 words
      • Article
        Lock icon Gold price drops to 4-week low on mild US inflation news
        312 7 Bloomberg [NEW YORK] Gold fell to the lowest price in four weeks as government reports showed low US inflation, which reduces the appeal of the precious metal as an investment. Reports showing low labour costs and strong economic growth
        Bloomberg  -  312 words
      • Article
        Lock icon China's funds give up IPO rights to cool market
        296 7 AFP [SHANGHAI] China's first two mutual funds have given up their rights to three initial public share offerings this week in a move to rein in soaring fund prices, a news report said yesterday. The China Securities Daily reported that Fujian
        AFP  -  296 words
      • Article
        Lock icon Hambro in talks to sell insurance business
        181 7 Bloomberg [LONDON] Hambros pic said it is in talks with a "limited number" of potential buyers for its majority-owned insurance company, Hambro Insurance Services Group pic, and that the talks could lead to a sale of the company. Hambros said the sale of
        Bloomberg  -  181 words
      • Article
        Lock icon Euroyen stuck as JGBs surge higher
        240 7 KIMKI Report Reuters [SINGAPORE] Simex Euroyen futures barely twitched in holiday-thinned trade yesterday, shrugging off a record high close in Japanese government bond (JGB) futures. Dealers said the absence of many players for the May Day holiday and Japan's Golden Week holidays next week
        Reuters  -  240 words
      • Article
        Lock icon Oil up on news Opec close to targeted cuts
        298 7 ENERGY REPORT Bloomberg [LONDON] Crude oil rose early yesterday as output cuts by members of the Organisation of Petroleum Exporting Countries in April came close to pledged targets, reducing concern about a supply glut. Ten Opec members cut oil output by
        Bloomberg  -  298 words
      • Article
        Lock icon CURRENCY REPORT
        286 7 AFP THE US dollar plunged below the 1.78-mark level yesterday afternoon on the London forex market for the first time since Christmas, as the mark pulled up the other currencies expected to take part in the European single currency. The dollar stood at a mere 1.7788 marks at
        AFP  -  286 words
      • Article, Illustration
        Untitled
        788 7 DITBEBAIIK CROSS RATES Apr3o rrmct 0256 0239 U79 OM 02M 1287 ii3 Q.419 0219 2221 0j5vt299 U39 4474 0A3 9*40 0249 MM 1421 OOM 0*4 fivwr OJIS 0.799 U2S 0504 1353 4J* 22J*****95 0.7* 7.447 LOW IM324JM22JM 0J03 2JS 0814 ***** 2L» 0.334 0557 4 NM*mq 0.1* a«5 L071 0.IT7
        788 words
    • Article
      COMMODITY PRICES
      81 8 81 COM .4 pr so ttlifelll r ttJHK jjfji SU** tSwS» '™^^89nk* t^^B^^^F PKBCTOUg MHTALa^v rT,,M,r OMrt 3H10 m+m mov > «o.w 30M0 MJO Apr M Apr K Nf*V«ft HUM 309.90/ ***** 3I0J0 »wj wrmcAu y Source: UOB ■gTTWMM Maul OOMHX April" p* jjg gg ijui S2 -IS
      81 words
    • Article
      WORLD STOCK MARKETS
      575 8 Copyright© 1991 Morgan Stanley Capital International ■a! »MOC iwam>..— Si ViSS lint 01 iniimj THOOO *1|!$§0 ■MCWIM WfOOC *4.000 J|ste==jra :«8 Irltlin tirumi MM.OOO *9,000 cssr Jura ,'jm SHIM 'KM <|UM aagg-——™b :as ®a=z=sa :ja (•MNUntoAAMM WTO.OOC *10.100 ..171,000 4,000 CurfyW ..44U00 IJ00 tQ.000 -fl .100 fcww
      575 words
    • Article
      Lock icon TOKYO
      570 8 Bloomberg Paw» -40JM JAPANESE stocks fill tor the third time In four days, ted by banks after the Nihon Ktixai newspaper said 14 of Japan's 18 largest lenders will poet operating losees after writing off a record amount of bad loans. "Banks' problems are hardly news to anybody, but
      Bloomberg  -  570 words
    • Article, Illustration
      Lock icon HONGKONG
      1401 9 Reuters PHangSwg *180 HONGKONG stocks closed sharply higher yesterday in a technical rebound on low turnover that left brokers convinced that the index would drift lower in the coming week. "The news from the market is actually quite negative," said Andrew Lee, assistant director at Seapower Futures. "Nobody wants
      Reuters  -  1,401 words
    • Article, Illustration
      Lock icon JAKARTA
      605 9 AFP P Composite Index -ILC JAKARTA shares fell 2.5 per cent yesterday in selling triggered off by President Suharto's comments that political reforms were possible only after 2003, dealers said. "Suharto's statement makes people worry about this market. More foreign investors will stay away from this market," a sales
      AFP  -  605 words
    • Article
      Lock icon SYDNEY
      491 9 AFP Q&QOrdiuriM +411 THE Australian bourse surged 1.5 per cent yesterday in its best session of 1996. The Australian Stock Exchange's main indicator, the All Ordinaries Index, jumped 42.1 points to 2,8013. The All Industrials Index shot 91.1 points higher to 4,796.3 while the All Resources Index shed 0.2
      AFP  -  491 words
    • Article
      Lock icon WELLINGTON
      217 9 AFP qy#»i -3js NEW Zealand share* closed slightly lower yesterday, falling 0.1 per cent after what brokers described as a lacklustre session. The NZSE-40 Capital Index closed down 3 .25 points at 2,253.29 on total turnover of NZ599.74 million of which NZ532.89 million was in Telecom Corp.—A/*P 1 V-
      AFP  -  217 words
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      Page 6 Advertisements Column 1
      605 6 11l •-«o> -tcrv»S> Tf V" Penguin Boat International Limited Notice is tweet* given that the 1998 Annual General Meeting of the shareholders of the Company will be held on Monday, 18 May 1998 at 10.00 am at Banquet Room 3, Raffles Country Club, 450 Jalan Ahmed Ibrahim, Singapore *****2 to
      605 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      51 9 Hie stock markets in Singapore; Malaysia, Philippines, Thailand, Taiwan, China and South Korea were dosed for the May Day public holiday 2 W Y x f*, If' s -pf' -J I Such a market -for cho\o> joke. 1 Any job. any Career. Available any Day. Any time. Anywhere. Singapore Press
      51 words
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      Page 9 Advertisements Column 2
      43 9 BUY<* SELL/ FIND,/ V s t > JClassified ads put home-seekers on solid ground No matter what it is, you can always buy it, sell it or find it with the Classified T0 i I F« t I 1800-737-1166 Call Today Fir Kisilts Timorriw.
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  • EXECUTIVE
    • Article, Illustration
      Fresh deal for the finance sector
      1392 10  -  Click on a mouse and millions of dollars move instantly. In such a technology-driven shrunken world, Singapore's finance sector is reforming in earnest to face increasing global competition. aATMBEDn om reports CATHERINE ONG COMPARED to ita nalghboura, Singapora haa waatharad ramarkably wall tha financial
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    • STRAWS In The Wind
      • Article
        Ad-lib
        93 10 HAVE you aver wondered what the Juriee at film festivals talk about after watching all those arty and Independent fllma? Well, here are tome inippeti of convenatlon that came from a jury table at the recent Sliver Screen Awards: "Isn't that the guy from MTV? Lefs go take a
        93 words
      • Article
        Life after Seinfeld
        164 10 THE LAST episode of S*tr\fald has been wrapped up, but New York fens of this sitcom just can't seem to let It go. There were plana to hold a Selnfest In Times Square or Bryant Park, but the authorltles poured oold water over it, saying they feared
        164 words
    • ENTERTAINMENT
      • Article, Illustration
        Updated but uninspiring
        724 11  -  CINEMA What the dickens did Mexican director Alfonso Cnaron hope to achieve with his version of Great Expectations? It's hard to tell, judging from the tepid results By\ Susan Tsang GREAT Expectations is part of a Hollywood trend to adapt classic literature. In the past few years,
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      • Article, Illustration
        WHAT'S ON
        361 11  -  Compiled by M Yasotha PBRTORMAMCES Decomposed A solo performance by Zai Kuning who looks at different aspects of performing like singing, dance or body movement, and playing musical instruments. Presented by Metabolic Theatre Laboratory. e May 16 17, 8pm at The Substation, Dance Studio, 2nd Floor. Tickets: $15
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    • MOTORING
      • Article, Illustration
        Lock icon Heavenly new ride from Rolls-Royce
        999 12  -  The SUver Seraph blends the marque's stately qualities with a Dew-found elegance and sleekness, giving it a more aerodynamic look. But that distinctive Rolls-Royce fragrance, muuimu'iuflt *in is happy to note, remains unchanged CHRISTOPHER TAN ONE of the most magical things about having been in
        ARTHUR LEE  -  999 words
    • EPICURE
      • Article
        De Vogue is back on track
        889 12  -  A tasting of its most recent productions shows that the highly-respected Domaine has been restored to its former glory WINE CONNOISSEUR By\ N K Yong ONE CAN see that in Burgundy, the Influence of a section of the wine press has led some Domaines/growers
        889 words
    • Article, Illustration
      CINEMA
      771 13 Yuan (Lastep) Amieteri True story of Africans who revolt, then fight for their rights in court. R(A). Beach Rd, Central. An American Werewolf la Parle. Tom Everett Scott meets Julie Delpy but doesn't realise she is howling bad news. Hougang, Choa Chu Kang, Century, Yishun, Bishan, Tiong Bahru, Boon
      771 words
    • Article
      ENQUIRIES AND BOOKINGS
      109 13 Cathay aSSrtW Kast shore 346-1816 Orchard 236-8386 Picturehouse 338-3400 Yangtze 223-7529 a««tt Empress 777-5867 Jubilee 464-1640 Mandarin 292-9401 Marina *****19 Whitesands 586-1782 zsnzsz Bishan 353-8886 Boon Lay 792-2788 Broadway 454-9394 Majestic 533-9032 Marina 337-9488 Pavilion 786-6788 Tam pines 8 786-6788 Tfong Bahru 274-6688 Ylshun 267-7848 777-0669 GokWNew
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    • TRAVEL
      • Article, Illustration
        Variations on a home theme
        1047 14  -  job be susses out the best furnishing stores in Sydney JAIME EE IDONT understand why bedsheets have to be so expensive. Nobody sees you in them, they don't solve your back problems, and when you wake up in the morning you cover them with your
        1,047 words
      • Article, Illustration
        Getting more for less at Star City
        440 14 BAD TIMES are great for travellers heading out to Australia in the next few months. Take Sydney's newest attraction, Star City, a glitzy casino/entertainment/hotel complex at Darling Harbour, which is being offered in a current package of $1,099, inclusive of airfare, daily buffet
        440 words
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  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      168 11 Where to wine, dine and entertain... "f I ",J |||S6® An All-You-Can-Eat.. IrCalrnfitfr (Porridge Help yourjtlf to go with steaming hot pjarridge, Am rice or plain rice. Friday to Sunday 6:3opm to 10 pm ADULT I CHILD $14 80++ I $9 80++ *Price subject to /0% service chaije, prevailing cess
      168 words
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      Page 11 Advertisements Column 2
      91 11 THAI RESTAURANT Enjoy and savor the perfect f combination of our innovative H l3l Thai specialties and friendly IV•Hospitality. JU Also at the Heeren shop. Mm Ld&B-* X Zoom IritrvdiH iriif ti ncu set lunch menu tciituriru] mouth tea tenth] tithes >uifi lis Liimb 'Mtisiilti. uitthirii'M' iV/tv 'Xujatom With 'I'riiu'ris..
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    • Advertisement
      Page 11 Advertisements Column 3
      107 11 tf&uj menu a j PAOLO I S 43b i I m PING'S PASSIONATELY ITALIAN TASTiFOUY CHINESE r™ *****1 si chum Mu wa sutooe wtamum Re-discover the great taste of a savoury Good Fortune Dim Sum lunch! Savour exquisite Sichuan and Cantonese Dim Sum with our Good Fortune Dim Sum Set
      107 words
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      Page 11 Advertisements Column 4
      73 11 -Super Value Set Meal JIBWIS Soup of the Day Sabd Pnwn in Ton Nest Braised Mushrooms with K VVrj Seasonal Vegetables Pned Coffee Port Ribs ftied Rice with Ptneapple $fftsB.9Q+*por person (minimum 4ww parsons) rot RESaVAIIONSCAii: *****09 AaWfe km* M» to. mm? Mtt to w4 to sssttjszsr-* T*7TM2» tac77S-m '■V
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    • Advertisement
      Page 11 Advertisements Column 5
      136 11 Discover Hie magnificence o! Thailand at The Mezzanine Cafe Bar 7-17 May 1998 Reservations: 831-6286, 831-6288 (between 3pm 6 pm) i Mezzanine C*f« t ft*' 2m4 floor r t OMrtal Attar J SpoMor until A m. «r M Singapore TO fWhiirl DfuH Unflinnn IIOSVi 7 H.I- 717 AA 1 I
      136 words
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  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      86 12 I What's New "Cats' Mews introduces new products and services in a very mil light-hearted manner. I read it ■ffll Sunday to keep up with the latest available on the market." WJohn Ng, technical manager pimiW&msi amsm WW Read Cats' Mews BBPR Every Sunday "My friends were all ears when
      86 words
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  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      709 13 RECOMMENDED VIEWPfO Little music in China. Composer Tan Dun is featured, big spender together with violinist Xue Wei and conductor Blank Check, spm, Ch 0 Tang Muhai. This 1994 comedy borrows many ideas from Home National Geographic Alone. An 11-year-old gets Explorer 1907,7pm, hold of a money- Premiere 12 launderer's
      709 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      1556 13 TODAY'S TV Premier* Ml 9.00 12.00 PM Soccer The FA Col- -frteaU lection 0 M GreatestGoalscorers. J VI n va^ lons 2.00 Basketball: NBA Jam fJJ,IDa1 Da v (1 1 07/qo Littlest Pet Shop. 2*o Sportscenter. J*s»* 3.00 Birds Wherever food has been pUnti- JJJ Yoki^ ful and predators few,
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