The Business Times, 6 March 1999

Microfilm: NL21390
Total Pages: 22
1 22 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 THE BUSINESS TIMES MITA 85c SINGAPORE Internet: http://business-times.asial.com.sg/ SATURDAY, MARCH 6,1999
    11 words
  • Article
    MARKET SUMMARY
    63 1 sn 1,441* (+16.25) nir-au mM 975.74 (+5.82) WW SEMSd FUTUBES U 217J0 (+3.30) STOCK MAlgETDnHCBB Friday Change KLSE COMP 61(82 +M3 NIKKEI ***** +***** HANOSENO 10,241.12 +228J6 SET INDEX ***** -053 JAKARTA OOMP _J8&68_-6.47 MANILA COMP —1012.41 +16.72 TAIPEI WPI 6J&09 -10.66 SEOUL OOMP Mail +6.90 CL8A CHINA
    63 words
  • Article
    FINANCE
    83 1 FOBEX BATES USS SI US* 1.729 £{1158/88 per 1.609 2.782 EURO(US$/S$ per E) 1.061 1.869 DM 1.809 OJM YEN 1219 1.407 RM 1800 0.466 HKS 7.740 0123 BAHT J7J1 0.046 MJPIAH 8364 0.020 'St to 100 units •SttoHOwUti FUME BATES SINGAPORE* (.826 KUALA LUMPUR 11.50 JAKARTA ..28.00 BANGKOK 14.75
    83 words
  • Article, Illustration
    Lock icon Nikkei soars 5%, pulls up HK and S'pore stocks
    554 1  -  Profit-taking on the US dollar gives yen a break By] R Sivanithy, Larry Wee ZfyßStvanltliy and Larry Wee [SINGAPORE] Boosted by a weaker yen and softer domestic interest rates, Japanese stocks yesterday rocketed up by 5 per cent and helped lift
    Photo: AFP Chart: Bloomberg  -  554 words
  • Article
    Dow hits all-time high
    65 1 [NEW YORK] US stocks soared for a second day, sending the Dow Jones Industrial Average to an all-time high, as a report on wages and employment eased concern the Federal Reserve will raise interest rates. At 1.30 pm EST, the Dow was up 189.89 points at
    65 words
  • Article
    Cuts by DBS, UOB hot up battle for home loans
    567 1  -  By i Clarissa Tan [SINGAPORE] DBS Bank and United Overseas Bank yesterday joined the lastest round of the housing loan war, with DBS trimming its promotional rates to as much as 1.25 percentage points off its board rate. With effect
    567 words
  • Article
    Lock icon US stock market now a huge bubble, PM Goh warns
    445 1 He voices concern over Japan, China, short-term outlook for Asia The Straits Times [SINGAPORE] The US stock market has inflated into a "huge bubble" that could burst with grave consequences for Asia and the world economy, Prime Minister Goh Chok
    The Straits Times  -  445 words
  • Article
    Nippecraft is hardly music to its chief's ears
    481 1  -  By\ Siow Li Sen [SINGAPORE] Nippecrafl's days are numbered the name, not the company. The "bizarre and ridiculous" company name should be history before the year is out, promised chief Bill Habergham yesterday. He was making a presentation on the main board-listed
    481 words
  • Article
    Zhu warns of uphill task to achieve 7% growth
    906 1  -  He reiterates resolve not to devalue yuan From Quak Hiang Whai in Hongkong CHINESE Premier Zhu Rongji yesterday warned that China would have to tough it out this year to achieve its target of 7 per cent growth amidst a soaring
    906 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      144 1 mgpß Hew financial «otre Australia is finally in place to realise a longheld ambition: to become a leading financial centre that will rival Singapore and Hongkong, Pg7 Hick leek Stow Why is it that APB is paying such high dividends? Pgll wm DBS dt it? A consultant has recommended that
      144 words
    • Advertisement
      Page 1 Advertisements Column 2
      9 1 China's premier pledges to keep yuan stable, Pg 6
      9 words
Page thumbnail Page 2
  • SINGAPORE AT HOME & ABROAD
    • Article
      Goldtron's SK Ong pleads guilty to charges of false trading
      761 2 He's said to have inflated share price in married deals with Indonesians Reports to/Conrad Raj GOLDTRON Ltd executive chairman Ong Soon Kiat yesterday pleaded guilty to five counts of creating a false impression that trading in the counter was active
      761 words
    • Article, Illustration
      Lock icon One of S'pore's top entrepreneurs
      485 2 DESPITE having to walk on crutches throughout most of his life as a result of being struck with polio from the early age of three, Ong Soon Kiat, better known as SK Ong, became one of Singapore's leading entrepreneurs. After having worked in 1971 for
      SIEW YAW HOONG  -  485 words
    • Article, Illustration
      Lock icon There's hope yet for high growth
      731 2  -  EYE OK THE ECONOMY By. Anna Teo ARE the days of high growth 6 per cent a year or more really over for Singapore? The question arose in a paper presented at the NUS' econometric studies unit (ESU) conference on Thursday. Coming at a
      Source:  -  731 words
    • Article
      Lock icon PM: enough funds to finance deficit for next two years
      426 2 Sufficient reserves saved since start of current govt's term The Straits Times [MELBOURNE] The Singapore government has enough funds to finance Budget deficits for the next two years, if necessary, without dipping into its past reserves, said Prime Minister Goh
      The Straits Times  -  426 words
    • Article
      Disk drive industry conference
      142 2 THE International Disk Drive Equipment and Materials Association (Idema) will host its annual Dlskcon Asia Computer Storage Conference and Exhibition at the Raffles City Convention Centre on March 10 and 11. About 300 industry members are expected to attend. Apart from manufacturing and technical issues, there
      142 words
    • Article
      Form a committee on casinos
      286 2  -  SATURDAY MAILBAG Jimmy K S Beng Singapore I REFER to various letters to the editor with views on legalising a casino in Singapore. I largely support the comments and views in the latest letter by Tan Hock Siew ("Casinos support quality tourism", BT, March 3).
      286 words
    • Article
      Discovery in no position to set terms
      250 2  -  Anya McDonald Discovery Channel Asia I REFER to Mr Denis Distant's letter to the editor, "SCV should consider reducing earnings from subscriptions" (BT, March 5), on SCV's proposed business plan. Mr Distant has misunderstood the situation and made some incorrect and erroneous statements.
      250 words
    • Article
      S'pore to unveil manpower blueprint in June: Boon Yang
      401 2  -  Ministry will spearhead life-long learning system By. Annette Pau SINGAPORE'S Manpower 21 Blueprint will be unveiled some time in June, and a national life-long learning system the School of Lifelong Learning is its first key idea to help the country maintain
      401 words
    • Article, Illustration
      DBS advised to drop POSBank name
      632 3  -  CEO says surveys and focus groups will be conducted before making decision Ryi Catherine Ong ONE of Singapore's bestknown banking names will become history if DBS Bank eventually accepts a recommendation by management consultant AT Kearney to drop the POSBank brand name. Although DBS,
      632 words
    • Article, Illustration
      Lock icon FairPrice creates trading firm
      338 3  -  Interstate Market is span off from its trading dept By\ Rahita Elias SUPERMARKET chain NTUC Fair Price has spun off its trading department, creating a company which sources products for Fair Price and third parties. The new company, Interstate Market, was set up about four months
      ARTHUR LEE  -  338 words
    • Article
      Dhana heads group to boost S'pore as key financial centre
      478 3  -  By\ Soh Tiang Keng BANKER and former cabinet minister S Dhanabalan will head a 12-member group of top banking, insurance and stockbroking leaders that will assist the Monetary Authority of Singapore in further developing the Republic as a key financial
      478 words
    • Article
      And the winners of The Game are...
      161 3 BELOW is a list of the top winners of the grand draw of The Game, which is jointly organised by Standard Chartered Bank and The Business Times to create awareness about investing in unit trusts, as well as to educate potential investors on
      161 words
    • Article
      Pidemco to market The Clearwater this weekend
      287 3  -  By\ Marissa Chew PIDEMCO Land will finally start marketing The Clearwater, Its Bedok Reservoir condominium project, this weekend, a week after two rival projects started selling. Sources said that a small number of units will be offered. A Pidemco spokeswoman said the sale
      287 words
    • Article
      Three ways to look at the 1999 Singapore Budget
      303 3  -  It's a'Spending* 'Wait-and-see' and 'Refining* Budget By\ Soh Tiang Keng THE Singapore Budget has three faces, according a seminar organised by Coopers and Lybrand and Price Waterhouse yesterday. Coopers and Lybrand manager John Foster described the 1999 Budget as a "Spending
      303 words
    • Article
      Kuok group to sell Bedok terrace units from $898,000
      608 3  -  About 85% of 33-nnit leasehold project will cost below $lm By, Ang Wan May THE Kuok group will be launching its 33-unit landed project in Bedok, Eastwood Ville, today at prices starting ffcom $896,000. These units are part of the nearly
      608 words
    • Article
      Pfeiffer at Compaq Centre opening
      281 3  -  By] Kenneth James COMPAQ Computer Corp president Eckhard Pfeiffer could give a rugged boost to local national pride when he comes to Singapore on Monday for the opening of a regional centre here. Mr Pfeiffer, who is also Compaq's chief executive officer, is slated to
      281 words
Page thumbnail Page 3
Page thumbnail Page 4
  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Japan cabinet pledges to create 770,000 new jobs
      537 4 Two-year plan seeks to alleviate record high January jobless rate of 4.4% Reuters [TOKYO] Faced with the nation's worst job conditions in decades, Japanese cabinet members met yesterday and pledged to create 770,000 new jobs over the next two years. The meeting,
      Reuters  -  537 words
    • Article
      Lock icon Philippines makes Asia's first euro bond issue
      329 4 AFP (MANILA] The Philippines has pushed ahead with a 300 million euro (Sss6l million) sovereign bond issue to become the first Asian country to float a euro currency bond, officials said yesterday. Finance Secretary Edgardo Espiritu said in a statement that "the transaction
      AFP  -  329 words
    • Article, Illustration
      Lock icon Working at job-hunting
      50 4 [TOKYO] Newly graduated college students shouting slogans at a Tokyoparkon Thursday. Some 3,ooostudents attended the get-together to share their job-hunting experiences. As the number of unemployed in Japan hit a record 2.98 million, many of the young have put aside their reluctance to work for Europeans. AFP
      AFP  -  50 words
    • Article
      Lock icon Thai finance firms' loan auction put off by 9 days
      475 4 Officials linked to earlier bid winners quit, says report Bloomberg [BANGKOK] Thailand's sale of loans made by now-defunct finance companies was postponed and three government officials reportedly quit amid allegations of corruption as the country's restructuring faced increasing criticism. Financial
      Bloomberg  -  475 words
    • Article
      Lock icon S Korea sees end to economic crisis
      327 4 AFP [PAßlS] South Korea expects to attain 2 per cent growth this year, and believes the end of its long economic crisis is in sight. Finance Minister Lee Kyu Sung said, in an interview published yesterday in the French daily Le Figaro. "Several
      AFP  -  327 words
    • Article
      Lock icon Thai corporatisation bill gets senate nod
      215 4 Bloomberg [BANGKOK] Thailand's senators approved the bill that will incorporate state enterprises into limited liability companies, paving the way for the government to sell shares of state-owned companies. The so-called "Corporatisation Law" is one of the 11 laws proposed by the Thai government aimed
      Bloomberg  -  215 words
    • Article, Illustration
      Lock icon World Bank sees early signs of Asia recovery
      490 4 Regional leaders urge cooperation to avoid return to crisis Reuters [SYDNEY] The World Bank said yesterday that Asia was showing early signs of economic recovery but the situation remained fragile, with regional leaders urging greater cooperation to avoid a return to financial
      Reuters; FILE PHOTO  -  490 words
    • Article
      Lock icon Daim: Public funds won't be used for bailouts
      150 4 Bloomberg [MANILA] Malaysia won't use public funds to bail out troubled companies, while lenders and private investors must take their appropriate "haircuts", First Finance Minister Daim Zainuddin has said. "The decision of the Malaysian government not to issue government guarantees for Renong
      Bloomberg  -  150 words
    • Article, Illustration
      Lock icon Bank recap delay tied to politics: Indon envoy
      354 4 Bridge News [HONGKONG] The Indonesian government's programme to recapitalise its banks is naturally a political process, James Riady, ambassador and special envoy for Indonesian President B J Habibie, said in Hongkong yesterday. Mr Riady was responding to questions by reporters on accusations
      Bridge News; FILE PHOTO  -  354 words
  • Page 4 Advertisements
Page thumbnail Page 5
  • REGION
    • Article
      Albright urges Jakarta to speed up reforms
      629 5  -  Bank, corporate restructuring, debt settlement still tough issues, she notes Prom\ Shoeb Kagda in Jakarta US Secretary of State Madeleine Albright yesterday urged Indonesia to speed up the pace of economic reforms even as the country prepares for its first free elections in
      629 words
    • Article
      Lock icon Indon Muslim leader rejects holy war
      241 5 JAKARTA Reuters MUSLIM protesters calling for a holy war in Indonesia's riot-scarred island of Ambon only represent a militant minority, a leading Muslim politician said yesterday. Abdurrahman Wahid, who leads the country's largest Muslim group Nahdlatul Ulama, said most Muslims in Ambon and throughout
      Reuters  -  241 words
    • Article
      Lock icon Military could have taken over after Suharto fell: Wiranto
      275 5 MJAKARTA Bnt it would have meant enormous bloodshed, he says AFP INDONESIA'S military had the mandate to take power during the turbulent days of former president Suharto's downfall last May, but didn't, armed forces chief general Wiranto was quoted as saying
      AFP  -  275 words
    • Article, Illustration
      Lock icon Dr M rules out alliance with Sabah opposition
      526 5 KOTA KINABALU PM welcomes Wan Azizah's challenge for his seat AFP MALAYSIAN Prime Minister Mahathir Mohamad yesterday ruled out an alliance with the opposition if his ruling National Front coalition wins the elections on March 12-13. Dr Mahathir dismissed pledges by the
      AFP  -  526 words
    • Article
      Lock icon Azizah accepts apology but wants ex-IGP punished
      310 5 KUALA LUMPUR Opposition leader calls on A-G to quit over Anwar beating AFP Reuters THE wife of ousted Malaysian deputy premier Anwar Ibrahim said yesterday she accepted an apology from expolice chief Rahim Noor for assaulting her husband but wants action taken against
      AFP; Reuters  -  310 words
    • Article
      Lock icon Cambodia seeks full Asean membership
      149 5 PHNOM PENH AFP CAMBODIAN Foreign Minister Hor Namhong yesterday lobbied for the country's full admission into Asean (Association of South-east Asian Nations) a day after Parliament voted to form a new senate. In a meeting with Asean ambassadors, Mr Hor Namhong argued that concerns from
      AFP  -  149 words
    • Article
      Lock icon Early Asean investment liberalisation
      297 5 PHUKET It ditches 2020 deadline to move ahead quickly AFP SOUTH-EAST Asian countries agreed in principle yesterday to ditch a 2020 deadline for complete liberalisation of foreign investment and decided to move quicker, officials said. Ministers and senior officials of the Asean Investment Area (ALA) Council
      AFP  -  297 words
    • NOTE Book
      • Article
        Lock icon Free Indon visas for Hongkongers
        71 5 Reuters (HONGKONG] Indonesia plans to offer holders of Hongkong Special Administrative Region passports free, two-week visas, Johan Syahperi Sal eh. Indonesia's director-general for foreign economic relations, said here yesterday. "We urge our Hongkong friends to regard the situation and the developments in Indonesia as an
        Reuters  -  71 words
      • Article
        Lock icon Total discusses US$2.5b China gas deal
        74 5 Reuters [BRUSSELS] French oil giant Total yesterday said it was engaged in talks with both GazDe France and Chinese interests for a US$2.5 billion (SHL3 billion) liquefied natural gas project in the province of Guangdong. "Gaz De France is studying, in association with Total,
        Reuters  -  74 words
      • Article
        Lock icon Philippine Feb inflation slows to 9.9%
        92 5 Bloomberg [MANILA] The Philippine annual inflation rate slowed in February from a three-year high the month before, as shortages of eggs, milk, and vegetables eased. The National Statistics Office said its index tracking costs of goods and services consumed by households rose 9.9 per
        Bloomberg  -  92 words
      • Article
        Lock icon Yangtze dam to displace three million
        74 5 Reuters [BEIJING] China has started resettling two million more people to make way for the giant Three Gorges Dam, bringing the total displaced to three million, the official Xinhua news agency said yesterday. The resettlement would stop wetland forming and increase the Yangtze River's
        Reuters  -  74 words
      • Article
        Lock icon India okays share buysbacks
        55 5 Bloomberg [NEW DELHI] India's lower house of Parliament yesterday approved a proposal to allow companies to buy back their shares in a bid to boost the confidence of companies and investors. The "economy needs certain impetus for promoting inter-corporate investments considering slow flow of funds in
        Bloomberg  -  55 words
    • Article, Illustration
      Lock icon China's premier pledges to keep the yuan stable in 1999
      543 6 NATIONAL PEOPLE'S CONGRESS But HE economist says China should refocns on boosting domestic demand Reuters [BEIJING] Premier Zhu Rongji pledged yesterday that China would maintain the stability of its currency this year, saying a decision against devaluation of the yuan
      Reuters; REUTERS  -  543 words
    • Article
      Lock icon China to issue yellow cards to bad state-sector managers: Zhu
      496 6 BEIJING They will be sacked in two years if their firms stay in the red AFP CHINA will hand out yellow cards to under-achieving managers in its loss-making state-owned enterprises and sack them if their firms remain mired in red
      AFP  -  496 words
    • Article
      Lock icon HK may delay decision on stock advisers
      264 6 HONGKONG Bloomberg HONGKONG may delay choosing investment banks to advise on the sale of the government's US$2l billion (5536.3 billion) stock portfolio because more time is needed to review proposals. The selection committee of Exchange Fund Investment Ltd (EFIL) the company created to
      Bloomberg  -  264 words
    • Article
      Lock icon Cyberport: Pacific Century to shoulder project risk
      429 6 HONGKONG It has to bear cost of construction; govt to provide land, roads Reuters THE Hongkong government said yesterday that Pacific Century Group (PCG) would fund all construction costs and underwrite all develop-ment-related risks for the territory's HK$l3 billion (5J2.9 billion) "Cyberport" project.
      Reuters  -  429 words
    • Article, Illustration
      Lock icon Disney park won't be built at any cost, says HK govt
      585 6 HONGKONG Newspapers urge govt to bargain hard for a fair deal Reuters, AFX-Asia HONGKONG yesterday sent a clear message that there is a limit to the concessions it will make to clinch a deal with The Walt Disney Co
      Reuters,; AFX-Asia  -  585 words
    • Article
      Lock icon HK govt to probe Peregrine's fall
      246 6 HONGKONG AFP THE Hongkong government said yesterday it would investigate the collapse of Peregrine Investment Holdings, which folded in January last year under some US$4OO million (SSG9I million) in debt. The investigation will look into possible fraud and whether company members concealed information regarding
      AFP  -  246 words
  • Page 5 Advertisements
Page thumbnail Page 6
Page thumbnail Page 7
  • FOCUS
    • Article, Illustration
      Lock icon Towards a new regional hub
      1672 7  -  Australia is finally in place to realise a long-held ambition: to become a leading financial centre that wilt rival Singapore and Hongkong By Russell Baker [SYDNEY] Australia has long held ambitions of being a leading regional financial centre and hub for global capital. However, the
      FILE PHOTO  -  1,672 words
    • Article, Illustration
      Lock icon More firms from Europe, S Africa, Asia set up RHQs
      424 7 It's also succeeded in getting global hanks to locate regional operations there COMPANIES from the United States and the United Kingdom still dominate the list of regional headquarters (RHQs) in Australia but a growing number are now being attracted from
      FILE PHOTO  -  424 words
    • Article
      Taxing wait for investors looking at Australia
      561 7 Ralph Review fails to ease concern over capital gains tax burden, offshore tax THE issue of taxation has always been the biggest impediment to Australia's regional ambitions. Australian governments have traditionally been loathe to forego tax revenue in the short-term even it promises
      561 words
Page thumbnail Page 8
  • REGION/WORLD
    • Article
      Lock icon Feb US job creation brisk but factories suffer
      457 8 WASHINGTON Unemployment rate rises to 4.4% from 4-3% in Jan; Fed hike nnlikely Reuters, Bloomberg THE US economy created new jobs at a robust pace in February but the unemployment rate inched higher and the beleaguered factory sector shed an alarmingly large
      Reuters,; Bloomberg  -  457 words
    • Article
      Lock icon ECB leaves analysts guessing about possible rate cut
      454 8 FRANKFURT Chief Duisenberg sending mhrnH signals economists AFP THE European Central Bank sent out mixed signals regarding its monetary policy intentions after the regular fortnightly meeting of its governing council on Thursday, economists said yesterday. On the one hand, the bank expressed
      AFP  -  454 words
    • Article
      Lock icon Euroland growth slows to 0.2% in Q4
      243 8 BRUSSELS Reuters THE euro zone economy slowed in the final quarter of 1998, as lower exports and falling company investment weighed on growth, European Union statistical agency Eurostat said yesterday. Eurostat said euro zone gross domestic product (GDP) rose by a provisional 0.2
      Reuters  -  243 words
    • Article, Illustration
      Lock icon EU not planning trade reprisal over banana row: Brittan
      537 8 LONDON WTO to hold emergency meeting on Monday over row AFP, Reuters THE European Union is not currently planning "unilateral" retaliation against the US in the escalating banana trade row, EU Trade Commissioner Leon Brittan said yesterday. Mr Brittan, in London
      AFP,; Reuters; REUTERS  -  537 words
    • Article
      India ready for infrastructure investments
      450 8  -  SINGAPORE Total acceptance of private sector role: ex-cabinet secretary By Vikram Khanna INDIA is now capable of absorbing msuor investments in the infrastructure sector, a former senior official of the Indian government said yesterday. TSR Subramaniam, former cabinet secretary of the government of India, was
      450 words
    • Article
      Lock icon Calvin Klein ad hoohah: When moral ground won't stand
      417 8 NEW YORK NYT HALF the babies born in New York City go home from the hospital to families with incomes below the poverty level. Something like 10 million children in this country lack health insurance. And, on average, American children spend
      NYT  -  417 words
    • Article
      Lock icon Foreign equity in Indian insurance capped at 26%
      382 8 NEW DELHI AFP INDIA'S economic conservatives have stamped their mark on a controversial bill to open the insurance sector by capping foreign equity at 26 per cent, instead of the original target of 40 per cent. Press reports yesterday said Parliament's standing
      AFP  -  382 words
    • WORLD Watch
      • Article
        Lock icon Senate banking committee passes bill
        53 8 Reuters [WASHINGTON] The US Senate Ranking Committee on Thursday voted along party lines to support a bill to modernise the banking industry that Democrats warned would draw a veto from President Bill Clinton. The bill, championed by the committee's Republican chairman, Phil Gramm of Texas,
        Reuters  -  53 words
      • Article
        Lock icon Brazil raises benchmark interest rates
        72 8 Bloomberg [BRASILIA] Brazil has raised benchmark Interest rates for the second time In six weeks, trying to limit Inflation and bolster a currency that has lost more than 40 per cent of Its value since January. Central bank president Arminio Fraga, In his first day
        Bloomberg  -  72 words
      • Article
        Lock icon US growth's 8th anniversary
        106 8 Bridge News [WASHINGTON] The current US business expansion celebrates its eighth birthday this month. Already the second-longest US growth period on record, it will be the longest ever in February 2000, if it lasts that long, according to economists at the National Bureau of Economic Research
        Bridge News  -  106 words
      • Article
        Lock icon Yeltsin moves against Berenovsky
        76 8 AFP [MOSCOW] President Boris Yeltsin moved yesterday to oust arch tycoon Boris Berezovsky from the helm of a post-Soviet regional grouping, in the latest twist in a spiralling power struggle in Moscow. Mr Yeltsin followed up his decision late Thursday to sack his one-time confidante Mr
        AFP  -  76 words
  • Page 8 Advertisements
Page thumbnail Page 9
  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon The Artist takes Web sites to court
      334 9 PERSONALITY He files suits to stop firms from using his name, image, music Reuters [NEW YORK] Although he no longer has a pronounceable name, The Artist Formerly Known As Prince does not want anyone using it, his image, his music or even the
      Reuters; FILE PHOTO  -  334 words
    • Article, Illustration
      Lock icon Lewinsky tells her story and charms the Brits
      591 9 PERSONALITY She arrives in London for a 19-stop tour of Britain to promote her book NYT [LONDON] Monica Lewinksy has evolved from being a favourite source of saucy pub jokes to being regarded as flesh and blood by Britons long fascinated by
      NYT; FILE PHOTO  -  591 words
    • Article, Illustration
      Lock icon Will guests come for the big bash?
      1070 10  -  Even the organisers do not know if the Millennium Dome, described as a risky enterprise, will draw the crowds, says tohm JOHN MORRISON Reuters IT'S billed as the world's biggest and longest millennium party and Tony Blair is hosting it, but not even
      Reuters; FILE PHOTOS  -  1,070 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      1892 9 CRYPTIC CROSSWORD st£F* i,ed 8 It>s a vessel > returned to a ■olwlTlHlElFUlclglolFl i ItM state of equilibrium (6) 1 Losses may be gains for 12 (7) 13 The White House makes an eMßfAlßfebßclokHsN 2 Workers who go by the book? exotic location for Bogart l x ff (6,9) movie
      1,892 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      369 10 Whereto wine, dine and £££2232. 9|*SSS "lunch" is the best for lunch and High tea rolled into one. Which means longer serving hours and even more scrumptious spreads. "lunch" from 12 noon 4.30pm *15.80 (Adult) *11.80 (Child) "Tunch Karaoke" from 12 noon Bpm *21.80* (Adult) *17.80" (Child) 'Imchunt of. oat
      369 words
    • Advertisement
      Page 10 Advertisements Column 2
      30 10 fI\GH TEa Every Saturday, Sunday Public Holiday iQP Noon to 5.00pm Adult: $23+++ Rcvolvltif Child: $1 5 4. 19th floor Reservations: *****58/88 Mandarin 333 Orchard Road. Singapore *****7. Tel: *****11
      30 words
Page thumbnail Page 11
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Parkway, Jardine's Guardian tie up to start chain of clinics
      482 11  -  They will also jointly boy, distribute drugs to clinics, Guardian pharmacies By Rahita Elias [SINGAPORE] Parkway Holdings has formed a consortium with the Guardian Pharmacy chain to set up 40 neighbourhood clinics in Singapore and more in the region. "In
      FILE PHOTO  -  482 words
    • Article
      Inchcape joint MD opts for early retirement
      351 11  -  His move marks second top resignation since Dec By\ Christopher Tan [SINGAPORE] Inchcape Motors joint managing director Andrick Tan has relinquished his position and will be leaving the organisation he has served for 36 years. In a surprise announcement two days ago, staff
      351 words
    • Article
      DBS, OUB results due on Monday
      181 11 DBS Bank and Overseas Union Bank are scheduled to release their 1998 full-year results on Monday. Analysts are expecting DBS to report a 35 per cent fall in net profit to $281.6 million, going by the March issue of The Estimate Directory, which took
      181 words
    • Article
      APB should stop giving out such huge dividends
      655 11  -  HOCK LOCK SIEW Lee Han Shih M|T is strange no one ever asks Asia Pacific Breweries why it is so generous in giving out In its last financial year ended September 1998, APB made net profits of $63.7 million and proposed to
      655 words
    • Article
      Meiban profit plunges 62%
      168 11 [SINGAPORE] Sesdaq-listed Meiban Plastic yesterday reported a 61.7 per cent plunge in profits to $1.2 million from $3.1 million for the year ended Dec 31,1998. The injection moulding specialist posted a $23.2 million turnover, 19.6 per cent less than the previous year. Earnings per share fell
      168 words
    • Article, Illustration
      Lock icon Novel Centrepoint plan for Sengkang development
      554 11  -  MRT station to separate residential, commercial parts By* Corinne Kerk [SINGAPORE] Listed Centrepoint Properties plans to build four or five residential blocks with a total of some 500 units at the Sengkang site for which it was the top bidder at $172.3 million in
      FILE PHOTO  -  554 words
    • Article
      CSC closes offer with 73% of CSA
      265 11 [SINGAPORE] CSC Computer Sciences International has ended up with 73 per cent of CSA Holdings following the close of its general offer yesterday, setting the stage for new rules on voluntary delisting to come into play. Merrill Lynch, acting for CSC, said yesterday
      265 words
    • Article
      Elec & Eltek rebounds after recent sell-off
      401 11  - Elec Eltek rebounds after recent sell-off Stock benefits from local analysts' positive calls By. Annette Pau [SINGAPORE] Elec Eltek International shares yesterday rebounded to as high as US$5.lO but slipped back to close at US$4.9O, up 12 cents for the day. Small comfort for E&E shares which lost over 20
      401 words
    • Article
      SES queries ABR Holdings again
      121 11 [SINGAPORE] For the second time since October, restaurant chain operator ABR Holdings has been queried by the Stock Exchange of Singapore on the sharp increase in its share price and volume. The ABR counter yester- day closed 5.5 cents higher at 57 cents on a
      121 words
    • REGIONAL COMPANIES
      • Article
        Kwong On Bank net drops 64% to HK$173m
        463 12  -  Bad debt charges up 481% to HKs27om; property revaluation brings HKs43m loss Frorni Quak Hiang Whai in Hongkong KWONG On Bank, which is being taken over by Singapore's DBS Bank, yesterday unveiled a 481 per cent increase in bad and doubtful charges
        463 words
      • Article
        Lock icon AFP buys four firms, sells Wuxi Amcol stake
        203 12 Reuters [SINGAPORE] Asia Food Properties Ltd (AFP) said yesterday it had acquired four Indonesian companies and relinquished its 60 per cent stake in a Chinese joint venture. AFP had purchased three oil palm companies and a holding company through its various subsidiaries,
        Reuters  -  203 words
      • Article
        New SC chairman promises KLSE reforms
        358 12  -  He hopes to beat Jan 2001 deadline for disclosure-based regulation From Diana Oon Abdullah in Kuala Lumpur THE new chairman of Malaysia's Security Commission (SC), Ali Abdul Kadir, said he was "taking over the hot seat with trepidation" but promised to carry on with
        358 words
      • Article, Illustration
        Lock icon Management to blame for MAS woes: union official
        391 12 Reuters [KUALA LUMPUR] Malaysian Airline System Bhd's (MAS) management is responsible for the national carrier's financial troubles, the head of a company trade union said yesterday. "They (the management) have committed the blunders that have caused the problems and they expect us
        Reuters; FILE PHOTO  -  391 words
      • Article
        Pan-United net sinks 46% to $10m
        181 12 [SINGAPORE] Poor business in shipping and industrial products has resulted in a 46 cent drop in group net profits for Pan-United Corporation last year, to $10.1 million. Group turnover for the year ended December 1998 rose 22 per cent to $302 million for the
        181 words
      • Article
        Lock icon HK Telecom up 9% on Microsoft link
        378 12 Talk it'll also have role in tech science park fuels rally Bloomberg [HONGKONG] Hong Kong Telecommunications Ltd staged its biggest rally in more than six months on anticipation it will team up with Microsoft Corp, the world's biggest software maker. Shares of Hongkong's
        Bloomberg  -  378 words
      • Article
        Lock icon HK regulator eases disclosure guidelines
        225 12 Funds were forced to name buyer, seller in each trade Bloomberg [HONGKONG! Hongkong's Securities and Futures Commission (SFC), which supervises the stock and futures exchanges, has relaxed controversial client disclosure regulations that had fund managers threatening to move their business to Singapore. The regulations part
        Bloomberg  -  225 words
      • Article
        Cost cuts help pull UPP net up 9%
        370 12  -  By R Sivanithy [SINGAPORE] United Pulp Paper saw a 15.9 per cent drop in turnover for the year ended Dec 31, but thanks to aggressive cost-cutting and a jump in interest income, the paper and packaging firm managed a 9 per cent
        370 words
      • Article
        No resignation notice from TK Lim: MPHB
        324 12  -  From Ruth Wong in Kuala Lumpur MULTI-PURPOSE Holdings Bhd said yesterday that it had not received any letter or notice of resignation from Lim Thian Kiat as chief executive or director of the company. In a statement to the Kuala Lumpur Stock Exchange
        324 words
      • COMPANY Briefs
        • Article
          OUS net shrinks 27% to $1.1m
          74 12 [SINGAPORE] Overseas Union Securities said its net profit dropped 27 per cent last year to $1.1 million as operating income tumbled 41 per cent to $2.3 million. Earnings per share slid from 5.1 cents to 3.7 cents while net tangible assets per share deteriorated
          74 words
        • Article
          Lock icon Scotts says 5 directors resign
          121 12 Bloomberg [SINGAPORE] Scotts Holdings said five of its 10 directors Michael Chye Hin Fah, Yin Kum Choy, Kim Seah Teck Kim, Esther Beatrix Tan Sok Hwa and Balbeer Singh Mangat—have resigned. The resignations came after Yusuf Rajabali Jumabhoy and Iqbal Jumabhoy quit on Wednesday. Yusuf
          Bloomberg  -  121 words
        • Article
          Asiamatrix buys doctor's share in AMC
          54 12 [SINGAPORE] Asiamatrix Ltd has bought Lim Kah Beng's entire 20 per cent share in Aesthetic Medical Centre Pte Ltd (AMC) for $88,000 cash. This will raise Asiamatrix's interest from 60 per cent to 80 per cent The remaining 20 per cent is held by
          54 words
        • Article
          Lock icon Metalock unit now fully owned
          88 12 Reuters [SINGAPORE] Engineering firm Metalock (Singapore) said yesterday it has acquired 1.9 million shares, worth 55.13 million, in its subsidiary Aqua-Terra Supply Co Pte" Ltd. Metalock said the acquisition 0f36.54 per cent of Aqua-Terra's issued capital made it a wholly owned subsidiary of Metalock. The
          Reuters  -  88 words
      • Article
        Thai exchange threatens 15 firms with delisting
        556 13  -  It suspends their shares, orders them to prepare rehabilitation plans From. Harish Mehta in Bangkok IN a bold effort to clean up corporate Thailand, the Stock Exchange of Thailand (SET) yesterday threatened to delist 15 crippled companies under tough new delisting rules. The
        556 words
      • Article, Illustration
        Lock icon Acer sees 20% sales growth in '99
        431 13 Reuters [MANILA] The chairman of computer giant Acer Inc said he expected up to 20 per cent sales growth in 1999 as the regional economy recovers from a 20-month-long financial crisis. Stan Shih, chairman and chief executive of the world's third-largest maker of
        Reuters; FILE PHOTO  -  431 words
      • Article
        Lock icon Cathay Pacific loss seen at HK$285-745m
        235 13 AFX-Asia [HONGKONG] Cathay Pacific Airways Ltd is expected to report on Wednesday a 1998 net loss of between HK$2B5 million and HK$745 million (between 5563.5 million and *****.1 million), down from net profit of HK$l.69 billion in 1997 the year earlier, analysts said. Passenger
        AFX-Asia  -  235 words
      • Article
        Lock icon SCMP interim net falls 50% as ad revenue tumbles
        318 13 But no large decline in circulation figures for flagship paper Reuters [HONGKONG] South China Morning Post (Holdings) Ltd (SCMP) said yesterday a crippling slowdown in advertising revenue brought on by Asia's economic crunch pulled interim net profit down by almost 50
        Reuters  -  318 words
      • Article
        Want Want profit up 24% on improved margins
        148 13 [SINGAPORE] Food group Want Want Holdings yesterday said its net profit last year improved 24 per cent to $83 million as margins improved significantly. Group turnover was up 9 per cent to $447 million despite the regional slowdown, while other income including
        148 words
    • Article
      BT SHARE INFORMATION SERVICE
      3734 13 Mwt CM Motr»HM*s Nov It I 1.9001. UH 13L 2 *6 Data TY LV TY LY Matatoct Oxl I 1.738 0323 23* 0.73 CampaaY WW t$«D H» t«t»> MrtM Sap 11 I 0.544 IM OAS t76 p "5 H **.0 tww I MO 3X90 13* 437
      3,734 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Failure of Canal Plus deal is 3rd European rebuff for Murdoch
        480 14 AFP [LONDON] The announcement on Thursday that tie-up talks between pay-TV networks BSkyß and Canal Plus have reached a dead end dealt another blow to media magnate Rupert Murdoch's plans to expand his empire in Europe. Canal Plus' confirmation
        AFP  -  480 words
      • Article, Illustration
        Lock icon HSBC's global ambition renews talk of bid for JP Morgan
        683 14 EUROPEAN RACE TO BUILD FINANCIAL MUSCLE At present prices, analysts reckon J P Morgan to be worth USs24b-USs3ob Bridge News HSBC Holdings' recently stated desire for top global billing appears to have reactivated the long-standing rumour that US investment bank
        Bridge News; FILE PHOTO  -  683 words
      • Article
        Lock icon Stanchart to buy UBS trade finance business
        227 14 Non-Swiss business costing SFr3oom for Asian expansion Bloomberg [LONDON] Standard Chartered pic, Britain's ninthlargest bank, agreed to buy the non-Swiss global trade finance business of ÜBS AG, Europe's No 1 bank, for 300 million Swiss francs (***** million) in cash to strengthen its
        Bloomberg  -  227 words
      • Article
        Lock icon Wal-Mart unveils stock split, share buyback
        282 14 Bloomberg [BENTONVILLE, US] WalMart Stores Inc, the world's largest retailer, will split its shares 2-for-l, raise its quarterly dividend 29 per cent and buy back US$l.2 billion (552.07 billion) in stock as its shares closed on a record high. The split is Wal-Mart's first
        Bloomberg  -  282 words
      • Article
        Lock icon AT&T chief denies it's buying AOL
        288 14 He also squashes talk of marketing services on AOL Reuters [WASHINGTON] AT&T chief Michael Armstrong said Thursday that the largest US long distance telephone company has no interest in acquiring online service giant America Online (AOL), quashing recent reports of a pending union. "We
        Reuters  -  288 words
      • Article
        Lock icon PepsiCo to tie up with unit of Japan's Suntory
        195 14 Bloomberg [PURCHASE, New York] PepsiCo Inc, the world's No 2 soft-drink maker, will combine some of its bottling operations in New York and North Carolina with a unit of Japan's Suntory Ltd, forming its third largest US bottler. Terms of the
        Bloomberg  -  195 words
      • Article
        Lock icon Coca-Cola chief's cash payments shrank in 1998
        358 14 But he gets restricted stock worth USsl7m NYT [ATLANTA] Reflecting CocaCola Co's turbulent financial performance, the total cash compensation for chairman and chief executive Douglas Jvester fell U*****,000 (*****.400) last year to U553.59 million, the company's proxy statement shows. Mr Ivester, however, was
        NYT  -  358 words
      • Article
        Lock icon White House throws out SEC records proposal
        426 14 Plan for access to brokerage records rejected as too costly Bloomberg [WASHINGTON] A US Securities and Exchange Commission plan on brokerage books and records was rejected as too costly by the government, sending the SEC back to the drawing board. "I can't ever
        Bloomberg  -  426 words
      • Article, Illustration
        Lock icon Cablevision in preliminary talks to buy NY Mets
        406 14 Bloomberg [NEW YORK] Cablevision Systems Corp is in preliminary talks to buy the New York Mets after failing in its attempt to acquire the New York Yankees, said a person familiar with the negotiations. The team and the company have talked sporadically
        Bloomberg; FILE PHOTO  -  406 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Microsoft unveils e-commerce strategy
        458 15 Plans for new server software to link businesses and consumers Reuters [SAN FRANCISCO] Microsoft Corp chairman Bill Gates unveiled an ambitious strategy on Thursday to link businesses and consumers over the Internet. At a high-profile briefing for reporters and analysts, Mr Gates detailed plans to produce
        Reuters; REUTERS  -  458 words
      • Article
        Lock icon Raytheon sues Yahoo! users for leaking info
        310 15 Bloomberg tLEXINGTON, Massachusetts] Raytheon Co, the thirdlargest defence contractor, has sued 21 users of Yahoo! Inc for releasing company in- formation on the No 1 Internet search directory's message boards. The suit, filed last month in Middlesex County Court in Massachusetts, also asks
        Bloomberg  -  310 words
      • Article
        Lock icon VLSI warned against blocking bid as Philips makes offer
        370 15 Bloomberg [AMSTERDAM] Royal Philips Electronics NV said last night it will start a cash tender offer for VLSI Technology Inc at US$l7 a share and threatened to oust the US chipmaker's board if it tries to block the hostile bid. Philips
        Bloomberg  -  370 words
      • Article
        Lock icon Intel to buy networking chip maker for US$2.2b
        360 15 Deal is firm's first major acquisition using its own stock Reuters, Bloomberg [SAN FRANCISCO] Intel Corp on Thursday agreed to acquire networking chip maker Level One Communications Inc for US$2.2 billion (Ss3.B billion) in stock in a move to expand its fast-grow-ing
        Reuters,; Bloomberg  -  360 words
      • Article
        Lock icon HP medical unit to look at acquisitions to expand
        185 15 Bloomberg, Bridge News [PALO ALTO, California] Hewlett-Packard's medicaldevice and test-equipment business will look at acquisitions as a way to expand after it is spun off from the No 2 computer maker, said Edward Barnholt, who'll be the new unit's chief executive.
        Bloomberg,; Bridge News  -  185 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon CBOT plans product distribution through third-party vendors
        185 16 Bloomberg [LONDON] Chicago Board of Trade (CBOT) chairman David Brennan said the world's largest futures exchange wants to distribute products through third-party vendors, reducing the need to expand through alliances with rival exchanges. Mr Brennan, who in January led opposition to an alliance
        Bloomberg  -  185 words
      • Article
        Lock icon ABN Amro to buy 8.7% of Italy bank for 660m euros
        344 16 Entry into lucrative market through di lhwna, Italy's No 5 bank Bloomberg [AMSTERDAM] ABN Amro Holding NV, the largest Dutch bank, said it will acquire 8.75 per cent of Banca di Roma SpA, giving it access to the lucrative
        Bloomberg  -  344 words
      • SMALL Change
        • Article
          Lock icon Ernst & Young reviews GIO reinsurance
          83 16 Ernst Young reviews GIO reinsurance Reuters [SYDNEY] General Insurance firm GIO Australia Holdings Ltd said yesterday it had hired the New York office of consultancy firm Ernst and Young to review ths operations of its problematic reinsurance division. GIO chief executive Peter Corrigan said the move was not a precursor
          Reuters  -  83 words
        • Article
          Lock icon Nomura unit to securitise US loans
          52 16 AFX-Asia [TOKYO] Nomura Securities Co Ltd said its Nomura Holding America Inc unit will securitise about US$2.l billion (513.6 billion) of the commercial property mortgage portfolio of its Capital Company of America unit Nomura Holding will complete the deal by the end of this
          AFX-Asia  -  52 words
        • Article
          Lock icon Probe of BankBston mutual funds ends
          62 16 Reuters [BOSTON] Bankßoston on Thursday reached an agreement with Massachusetts regulators over a scandal in its mutual fUnd department that may have led to the resignations of two of its top executives. The division last Call began investigating Bankßoston's practice of switching mutual ftmd
          Reuters  -  62 words
      • Article, Illustration
        Lock icon US$ regains upper hand
        473 16 Baro/US$ The European single currency resumed its free-fall this week after taking a week off. The euro/US$ collapsed from a high of 1.1025 on Monday to a low of 1.0791 on Thursday and was seen trading around 1.0820 yesterday morning. Thus it is inevitable that the
        Source: DBS Bank  -  473 words
      • Article
        Lock icon Lack of funds prevents Inro from buying rubber
        322 16 It is no longer able to intervene to keep prices steady: official Reuters [KUALA LUMPUR] The International Natural Rubber Organisation (Inro) has run out of money for market operations and stopped buying rubber to stabilise prices, a senior official said yesterday. "We're
        Reuters  -  322 words
      • Article
        Lock icon Atlanta brokers charged for fraud in first e-mail case
        389 16 Commodities commission says they lied in 'spam' ads Bloomberg [WASHINGTON] Two Atlanta companies and four employees face federal fraud charges involving US$9.3 million (Ssl6 million) in losses from trading commodity options for their customers, who were solicited through bulk e-mail messages.
        Bloomberg  -  389 words
      • Article
        Lock icon CIBC Q1 profit down 13%
        254 16 Higher expenses and lower margins cot earnings to Cs327m Bloomberg [TORONTO] Canadian Imperial Bank of Commerce's fiscal first-quarter earnings fell 13 per cent, in line with analysts' expectations, as Canada's largest bank had higher expenses at a time when margins were squeezed by declining interest
        Bloomberg  -  254 words
      • Article
        Lock icon US insurance M&A triples to US$165b in 1998
        152 16 Bloomberg [HARTFORD, Connecticut] US insurance industry mergers and acquisitions nearly tripled in value last year to U*****.4 billion (*****.8 billion) from US$56.l billion in 1997, as insurers paid higher prices to buy rivals, an insurance investment group said. Last year's activity was
        Bloomberg  -  152 words
      • Article
        Futures up in volatile trade
        203 17  -  mm n?i Reports MS& Singapore Index Bob Butcher, Jardine Fleming OVERENTHUSIASM regarding a rally in Japanese stocks led to a higher opening of the MSCI Singapore Index futures yesterday. The March contract opened at 220.00 and sank immediately. The low of the day came half
        203 words
      • Article
        Futures trade in tight range
        181 17  -  MSCI Taiwan (Mores Vincent Ngiam, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract opened slightly higher yesterday from Thursday's close. It was caught trading in a tight range similar to that of Thursday's level. Decline in shares of China Steel, Hua Nan Commercial
        181 words
      • Article
        Lock icon Oil holds on to gains on hint of fresh Opec action to cut output
        304 17 ENERGY REPORT Reuters [LONDON] Oil prices held firmly to recent gains yesterday following signals that producer club Opec might consider fresh action to support glutted markets. Hopes that the Organisation of the Petroleum Exporting Countries may
        Reuters  -  304 words
      • Article
        Lock icon CURRENCY REPORT
        325 17 Reuters London A HEALTHY employment report from the US and a rally in US asset markets sustained the mood of optimism for the US dollar against the yen and euro yesterday, overshadowing a soft start based on Japanese equity prices. The actual rise in US February non-farm payrolls
        Reuters  -  325 words
      • Article, Illustration
        Untitled
        1100 17 DfTERBAlfK CROSS RATES Mar5 2 ltn E* ym Ww n» mm* Hm S$ to* Ur iTf Hm* Im t"*** a953 "J* S'S 521 t L 2 a7W 77i7 2177 **5724*65 1*01 3*70 **********1522 03(9 0*26 aE? 2 n« 3 °S flrn o2 «S5 2MS 0J07 183 1238 ***** 0-** 24*91
        1,100 words
      • Article
        Untitled
        1584 17 SICOM FUTU JIBS Mar 5 RUBttR (taradMbftiit UOpa) am mm Opw •5 mmh» Mjfc Imp $ttt (Immms) Mwtst TR25 TOO M*W «3l25 925 SMS 300 J«fl*99 SI -825 0d/fcc9» 122.25 Z2S JwAMrOO 125.75 RSS 3 CONTRACT (US corts/ty Mm OpM Month HWi Lm Sett (tMMi) Marait A*99 *50 6U0 63J50
        1,584 words
    • Article, Illustration
      Lock icon HONGKONG
      1262 18 AFP Q Hang Seng *328^6 HONGKONG stocks closed up 3.3 per cent yesterday on futures-led buying and speculation of a deal between Hongkong Telecommunications and US giant Microsoft Corp, dealers said. The blue chip Hang Seng Index ended the day up 328.36 points at 10,241.12 on turnover of HK$5.2B
      AFP  -  1,262 words
    • Article, Illustration
      Lock icon CHINA
      549 18 Reuters fl Shenzhen B Index 425 SHENZHEN'S hard currency B shares inched to a higher close in seesaw trade yesterday, while property stocks took the domestic A index higher on news of a major Hongkong real estate investment, analysts said. The B Index climbed 0.25 point to 45.47 on
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  549 words
    • Article
      Lock icon TAIPEI
      347 18 AFP QWP Index -10J6 TAIWANESE stocks closed 0.2 per cent lower yesterday as investors stayed on the sidelines in the absence of fresh leads, analysts said. The benchmark Taiwan Stock Exchange Weighted Price Index slipped 10.65 points to 6,383.09. "There are no fresh leads yesterday in the market," said
      AFP  -  347 words
    • Article
      WORLD STOCK MARKETS
      2189 18 MnbWs Marl Nm *h 31 Group 620.000 7.000 AB Port! 284.000 12.000 Abbey Netlonel 1244.000 27.540 AIM Oomecq 497.400 2.000 Allted Zurich 920.000 6.000 AfflK 196.000 -1.000 Asde Group 146.200 0-200 BAT tad 572.000 12.000 BG PIC 354.400 3.800 BICC 80.400 -0.600 BOC Group 855.000 5.000 BR
      2,189 words
    • Article
      Lock icon TOKYO
      1563 18 AFP Nikkei 225 *71(156 SHARE prices in Tokyo surged 5 per cent to hit this year's high yesterday, driven up by climbing bank stocks, the weak yen and falling long-term interest rates, brokers said. "The market was flooded with positive factors such as the weak yen, gains on Wall
      AFP  -  1,563 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        7307 19 INDUSTRIALS Cmisif protects M I-"* Va4 Day N«t Cap M h L c, "*»"Y Sate -000 High Law P/I $mti 83 *62 ilSSS' 0 "2 unch 270 270 14.9 109.4 J AnqkAM mi 65 1 1 A4 AC qk a jy 220 Apollo Food Mlg 225 -5 3 225 220
        7,307 words
      • Article, Illustration
        Lock icon Light bargain hunting amid listless trading
        387 19 AFP, AFX-Asia 11 Composite Index +023 SHARE prices closed almost flat yesterday in listless trade, as some light bargain hunting offset selling pressure on Telekom Malaysia Bhd, dealers said. The KLSE Composite Index rose 0.23 of a point to finish at 516.82, while the
        AFP,; AFX-Asia  -  387 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2042 20 BONDS, LOAMS ft WAMANTS wi U-Wk Lot Vol Day Last Ouot* Ave High Lw StiM Company Sale *or- COOO) Hlqh Law Buyer S«H«r Prkt 18 3 3)60 A Acer ******1 US$ 12 »0 5 27 12.5 li 12 13 35 4.5 3164 Acme ******4 16.5 -0.5 213 17.5 16.5 16.5
        2,042 words
      • Article
        WARRANT WATCH
        204 20  -  Teledata warrant too expensive -By R Sivanithy ONE of the biggest laggards in the local market are the shares of telecommunications firm Teledata. This is all the more glaring given that its shares trade for just 17 cents and its warrants cost only 9.5 cents, placing both well
        204 words
      • Article
        CLOB INTERNATIONAL
        223 20 mmmm stocks ttr Cr S2-WH Last Vol Oay Lait Qua** Mv YM Nat M Cap High Low Stno Company C000) High Law Suyor Sotlor C'VT P/l }ma ~185 173 5123 COL (2000) MK 173 54 185 173 175 180 8 2.4 4.6 8 9 3349.6 S124 Cathay Pac
        223 words
      • Article, Illustration
        Lock icon JAKARTA
        719 20 AFP n Composite Index -5147 INDONESIAN share prices closed 1.4 per cent lower yesterday on a technical correction in major blue chips amid political concerns following renewed student protests here, dealers said. "I think foreign buyers have bought a lot of Semen Gresik. They are just collecting it at
        AFP  -  719 words
      • Article, Illustration
        Lock icon BANGKOK
        701 20 AFP □set Index -<U3 THAI share prices fell 0.3 per cent yesterday in light trade following an announcement by the stock exchange that it was preparing to delist 15 companies, dealers said. "This may have caused alarm or panic for some retail investors," Capital Nomura Securities chief analyst Sathit
        AFP  -  701 words
      • Article
        Lock icon MANILA
        336 20 AFP P Manila *15,73 SHARE prices closed one per cent higher yesterday in line with stronger ofF-shore markets after the government announced inflation fell in February, analysts said here. The Composite Index rose 15.73 points to close at 2,013.41. Turnover rose to 1.73 billion shares worth 1.93 billion pesos
        AFP  -  336 words
      • Article
        Lock icon SEOUL
        414 20 AFP f% Composite loin +&90 SOUTH Korean share prices closed 1.1 per cent higher yesterday on late bargain-hunt-ing sparked by a recovery in futures and a stronger yen, dealers said. The Composite Index closed up 5.90 points at 538.19. Volume was 132.7 million shares worth 1.1 trillion won. "Yesterday's
        AFP  -  414 words
      • Article
        Lock icon SYDNEY
        616 20 AFP QADOrdmaria *17.20 SHARE prices closed up 0.6 per cent yesterday thanks to a rebound on Wall Street and a positive reaction across Asia, brokers said. The All Ordinaries Index closed up 17.2 points at 2,902.5. The All Industrials Index rose 24 points to close at 5,256.3. The All
        AFP  -  616 words
      • Article
        Lock icon WELLINGTON
        262 20 AFP U Wellington *6173 NEW Zealand share prices finished up 0.3 per cent yesterday in trading dominated by Telecom Corp, dealers said. The NZSE-40 Capital Index ended the week up 6.73 points to 2,170.52 on turnover of NZ$llO million, NZ$74 million of which was accounted for by Telecom. AFP
        AFP  -  262 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6274 21 Or Or M Wt MLlfc v*» o«y lmi oiMt* m* ow nt Nat cap a*« Ml Company Saf COOP) H>gfc Law Buyar »«4ar Cvr Pft jm» Prtca MN.THMOUSTRY 142 17.5 mt 1000 Acm. 50c 713 *1 88 72 71.5 71.5 72 27.5 I 19.2
      6,274 words
    • Article
      SESDAQ
      1204 21 52 ,1 Vaj LaatOwata D* Mv YM Net Cap At* gjg l—' »tw Campany M« rOOO) Hm» L— Bwyr Cw P/I »M Mm 219 30 2049 •ASArtoMc 913 *t 631 93.3 91 91 915 15 N 7 13 83 104.5 91 ,J«3 205] AUHM9»20« 61 »0.5 63 2.5 10-2
      1,204 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        390 22 Stacks Votaai# GES Intl Ltd 20c 14,929,000 VanderHorst 9.572.000 STEngglOc 7,525.000 SembCorpi 25c 7.115,000 Flextecti Wt02 5,091,000 DBS Land 4,925,000 Hotel Prop 4,831,000 Flextech 15c 4,818,000 Asia FoodiProp 4,732,000 Keppei LandWOO 4,687,000 SfadB I SPH 28.496.211 0C8C Foreign 20,162,460 DBS Foreign 16,984,390 City Dev 50c 15.336,900 (JOB Foreign 14,012,230 SemfeCorpI
        390 words
      • Article, Illustration
        STI draws power from Dow and Nikkei
        601 22  -  STOCK MARKET COMMENTARY Property counters, SPH lead 16-point rally; brokers expect feel-good factor to continue next week By R Sivanithy A SUPERCHARGED performance by US equities overnight and by Japanese stocks yesterday helped the local market post one of its strongest showings in
        601 words
      • ON THE GRAPEVINE
        • Article
          Problems with transparency
          84 22 FOR obvious reasons, journalists are constantly advocating more transparency in government and business. But too much transparency may not be a good thing, as one journalist discovered. He was at the new Securities Commission building in Kuala Lumpur yesterday. Perhaps symbolic of the SC's aspiration to achieve
          84 words
        • Article
          George Lee joins Vickers
          61 22 GEORGEE Lee, a veteran stockbroker, has joined Vickers Ballas handling institutional sales, we hear. Mr Lee, who started his career as a journalist, is an old hand in the industry and has worked for several firms, including the now defunct Lyall Evatt and DBS Securities. Vickers,
          61 words
        • Article
          China worries
          91 22 SG Securities, the broking arm of Societe Generate, believes the biggest exogenous threat to Asian stock markets in the medium term remains China. Perceptions of China are clearly worsening, it said in its global emerging markets report. The closure of Itics, news of a wave of protests and
          91 words
        • Article
          Cover design
          79 22 DIARY maker Nippecraft's managing director Bill Habergham told analysts and journalists yesterday that 80 per cent of books sold are never read, that's why it's important to grab the customer at the cover stage. "They smell the book, they touch it and they're hooked," he said. Now you
          79 words
        • Article
          Danaharta report on the cards
          62 22 DANAHARTA, the national agency in charge of buying and rehabilitating v problematic loans in Malaysia, is expected to release its latest operations report in the next two weeks. We hear that the report card will detail the amount of non-performing loans acquired from each financial
          62 words
        • Article
          Big Bill joins Forbes
          64 22 WILLIAM Adamopoulos, who left rather suddenly as publisher and managing director of Asian Wall Street Journal last year, is back in Singapore. He has been appointed managing director for Forbes in Singapore. The US publication is due to open its office here next month. Mr Adamopoulos
          64 words
      • Article, Illustration
        HOT STOCK
        96 22  -  By Teh Hooi Ling THERE are signs that Hotel Properties is about to break out erf its tight range of 72 to 75 cents, though it is encountering a rather stiff resistence at 75 cents Its shares were traded to an intraday high of 76.5 cents yesterday but
        96 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      469 12 LI FUNG DISTRIBUTION (SINGAPORE) LIMITED (Incorporated in the British Virgin Islands) CONDITIONAL VOLUNTARY CASH OFFER FOR INCHCAPE MARKETING SERVICES LIMITED (Incorporated in the Republic of Singapore) On behalf of Li Fung Distribution (Singapore) Limited ("LFDS" or the "Offeror"), The Development Bank of Singapore Ltd ("DBS Bank") wishes to announce that
      469 words
Page thumbnail Page 13
Page thumbnail Page 14
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      1288 15 Overseas Union Securities Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Securities Limited wishes to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1998 The Croup The Company 1998 1997 1997 7 +/0 SS'OOO SS'OOO SS'OOO SS'OOO Operating Income 2,376 4,061 (41.5)
      1,288 words
Page thumbnail Page 16
Page thumbnail Page 17
Page thumbnail Page 18
Page thumbnail Page 19
  • Page 19 Advertisements
Page thumbnail Page 20
Page thumbnail Page 21
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      1381 22 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LITCO ENTERPRISE PTE LTD (In Members' Voluntary Liquidation) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (I) of the Companies Act, Cap.
      1,381 words
    • Advertisement
      Page 22 Advertisements Column 2
      32 22 DBS investor online. You ve read about it, now hear us on Newsßadio 938, Mon-Fri, from B:22am. ©IXJSBANK CATS. Buy h. Sell It. Find It. Call 1800-*****66 to place a quick-acting ad
      32 words