The Business Times, 29 April 1995

Total Pages: 34
1 34 The Business Times
  • 13 1 Business Times MITA(P) 194/12/94 Weekend Edition. April 29-30 1995 WE KNOW ASIA 85*
    13 words
  • 373 1  -  By Conrad Raj SINGAPORE Former biscuit king Rajan Pillai, who fled to Bombay after he was convicted of criminal breach of trust in Singapore, yesterday surrendered himself to a court in his home state of Kerala, in southern India. According to a
    373 words
  • 402 1  -  By R Sivanithy SINGAPORE In a repeat of last Friday's trading pattern, late buying of Cerebos and possibly two other component stocks pushed the Straits Times Industrials Index 15.27 points higher to a close of 2,071.27 yesterday. And similar late
    Source: Bloomberg  -  402 words
  • 276 1  -  From Al Labita THREE Singapore firms have proposed to build new power plants in the Philippines, belying reports of sagging investment ties between the two Asean neighbours. The proposals were submitted by Salcon Philippines Inc (SPI), Far East Levingston Shipbuilding (Fels)
    276 words
  • 327 1  -  From Loh Hui Yin ASEAN will take another stab at regional industrial cooperation by scrapping three existing schemes and replacing them with a single agreement. The new industrial cooperation agreement would emphasise participation by all Asean members and high-tcchnology industries to
    327 words
  • 287 1 SINGAPORE A general election in Singapore "is not on the cards at the moment". Prime Minister Goh Chok Tong said last night. The government has other priorities, with public transport and housing being the two main issues it wants to
    287 words
  • 2am LATEST
    • 77 1 Reuter NEW YORK Blue-chip stocks fell yesterday, fuelled by profit-taking and after the government reported that economic growth slowed in the first quarter, hut that inflation showed signs of accelerating. At Ipm EDT, the Dow Jones industrial average was off 8.99 points to 4.305.71 following record closing
      Reuter  -  77 words
  • 410 1 AP, Reuter WASHINGTON The United States economy expanded at a moderate 2.8 per cent annual rate in the first quarter of the year, the weakest growth since the summer of 1993 and a dramatic slowdown from the end of last year. The
    AP,; Reuter  -  410 words
  • 216 1 AFP PARIS The United States might yet raise its short-term interest rates. International Monetary Fund chief Michel Camdessus said in an interview with Lc Monde newspaper published yesterday. He said such a move would have the advantage of fighting the
    AFP  -  216 words
  • 171 1 Stock market indices Friday Change STII 2.071.27 +15.27 KLSEComp 951.8 +9.36 Nikkei 16.806 75 -77.24 Hang Seng 8.361.03 +48.74 SET Index 1.208.69 +36.83 Jakarta Conip 416.45 -1.36 Manila Comp 2.465.87 -5.11 Taipei WPI 5.825.99 -72.54 Seoul Comp 896.84 +2.96 Bombav BSE30 ..3.133.28 -77.43 CLSA China B 749.01 -5.67
    171 words
  • Page 1 Advertisements

  • SINGAPORE NEWS
    • 380 2  -  By Chuang Peck Ming AFTER 13 years at the top of Business Environment Risk Intelligence's global rankings, Singapore workers are still the best, says the US-based consultancy. And in its 1995 Labour Force Evaluation Measure (LFEM), Beri has gone a step further.
      380 words
    • 356 2 THE BIGGEST duty of unions today is to get bosses and workers to cooperate in upgrading skills. Senior Minister Lee Kuan Yew has told NTUC Mews. This would enable workers to cope with new machines and adjust to new technology,
      356 words
    • 133 2 IF Singapore Airlines sank into the red, it would be finished. Senior Minister Lee Kuan Yew told NTUC News. There would be no jobs, he said. And no jobs would mean no tourists coming in, because SIA brought the tourists in. So
      133 words
    • 282 2 THE SINGAPORE labour movement will bestow the Distinguished Service Award on Brickworks MP Wan Soon Bee and RSP Architects Planners Engineers' senior partner Alan Choe Fook Cheong at this year's May Day celebrations. Dr Wan, who is also the executive
      282 words
    • 266 2 THE 16 km Woodlands extension of the Mass Rapid Transit (MRT) is on time and within budget. Communications Minister Mah Bow Tan said yesterday. Mr Mah made these comments after travelling along a section of the line and inspecting two stations.
      266 words
    • 245 2 THE Singapore Technologies group has started a cable television venture in Beijing which, if successful, will be expanded to other Chinese cities. The group recently launched a pilot project with a Chinese company to see if a hybrid fibre coax network
      245 words
  • Page 2 Advertisements
    • 889 2 The Royal Bank of Scotland plc M Incorporated in Scotland Head Office: 42 St. Andrew Square, Edinburgh, EH2 2 YE. Singapore Branch: 6 Battery Road, #27-01, Singapore 0104 The Royal Bank of Scotland pic ond subsidiary companies Th. Royol Bank of Scotland pic and vibsidiary companies H Consolidated Balance Sheet
      889 words
    • 0 2 =`}.!~^_;\?`$;\+}{/>]{>&:<>@<?-
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  • Page 2 Miscellaneous
    • 530 2 WEATHER Singapore: Showers over several areas m the late morning and afternoon Temperature (24 3?"). tata r»iMi M/tV fn< tmrn* Nt/la' Cut Buenos Hat* 18,5)8 Oo«% hjot&a 17/11 Sumy Amsterdam 11/ M Cloudy CNcago Sunn* OBlgnji 35/24 Tstorni Athens 19/11 Cloudy Honolulu 27/21 Cloudy 23.09 Ooudy Bertn 12/03 Cloudy Houston
      530 words

  • THE REGION
    • 378 3  -  By Walton Morais SINGAPORE Efforts to put Asean-European Union relations on a more equal footing will be given added impetus at the inaugural meeting here next week of senior officials from the two sides. With dynamic economic growth and rising affluence
      378 words
    • 311 3 AFP HONGKONG Britain and China ended two days of talks yesterday on Hongkong's new final court of appeal on an upbeat note, with the British side reporting that some headway had been made. "We have succeeded in narrowing
      AFP  -  311 words
    • 295 3  -  From Ruth Wong ONE of independent power producer (IPP) Powertek Sdn Bhd's four gas-fired turbines exploded just three days after its official launching on April 6, informed sources revealed yesterday. Malacca-based Powertek is understood to be claiming some Ms2s million (Ssl4 million) in
      295 words
    • 365 3 AFP MANILA Asia needs about US$l trillion (S$ 1.4 trillion) in investments to ease infrastructure bottlenecks by the end of the century, with regional giant China gobbling up half of the funds, says the Asian Development Bank (ADB). The Philippine-based lending institution
      AFP  -  365 words
    • 62 3 AFP HO CHI MINH CITY A Vietnamese woman making national flags at her stand yesterday with a portrait of Ho Chi Minh on a central street corner. She is selling her products for the 20th anniversary celebrations tomorrow commemorating the fall of Saigon. The government
      AFP  -  62 words
    • 217 3 Reuter WASHINGTON While expressing concern that the rampaging yen could hurt even fast-growing Asian economies, Japan showed no mercy on Thursday for the growing debt burden of many Asian recipients of its government loans. Japan has faced renewed complaints from some Asian nations
      Reuter  -  217 words
    • 313 3 Reuter JAKARTA Indonesia's property market is likely to remain healthy in 1995, with a strong economy and greater investment approvals expected to give support to the market, say property consultants Jones Lang Wootton (JLW). "Historically the country's economic growth and
      Reuter  -  313 words
    • 250 3  -  From Loh Hui Yin in PHUKET NEXT year's first-ever meeting of European and Asian heads of government in Bangkok will discuss political, economic and security issues. Thai Deputy Prime Minister Supachai Panitchpakdi said yesterday that to keep the discussions focused, the number of
      250 words
    • 203 3 AFP BEIJING China has lashed out at Japan's decision to investigate cotton textile imports, saying trade disputes should be resolved through "friendly consultations". In a statement, the Ministry of Foreign Trade and Economic Cooperation said it was "very concerned" about the April
      AFP  -  203 words
    • ASIA NOTES
      • 114 3 Reuter TOKYO The lethal nerve gas attack on the Tokyo subway may be claiming another victim Japan's economy. The nation's top economic planner said yesterday that the country was so enthralled by a TV investigation into the Aum Shinri Kyo (Supreme Truth) sect that consumers
        Reuter  -  114 words
      • 67 3 AFP TAIPEI Taiwan and Hongkong failed to reach consensus on a new flight contract yesterday, but agreed that their current service would continue for six more months, officials said. Tsai Chingyen, director of the Civil Aeronautics Administration, told reporters that Taiwanese flag carrier China Airlines and
        AFP  -  67 words
      • 73 3 AFP HONGKONG Hongkong customs yesterday announced i record seizure of 18,940 counterfeit CD-ROM computer discs worth HKSI million (SS 180,000), a government statement said. Three men and one woman were arrested in a two-day operation against a "well-organised syndicate" in Shamshuipo, a section
        AFP  -  73 words
      • 83 3 AFP JAKARTA Indonesia and Algeria signed a series of agreements yesterday to boost economic ties, officials from the two countries said. Foreign ministers Ali Alatas of Indonesia and Mohamed Salah Dembri of Algeria signed an umbrella agreement on economic and technical cooperation and two others
        AFP  -  83 words
      • 79 3 Bloomberg Business News HONGKONG A Pizza Hut Store in Guangzhou managed by Jardine Matheson was shut down by the Chinese government to make way for subway construction, the Chinese-language Hongkong Economic Journal reported yesterday. The store closed its doors in February after operating for
        Bloomberg Business News  -  79 words
      • 61 3 AFP WELLINGTON A merchandise trade surplus of NZ5219.6 million (*****.4 million) was recorded in March, the fourth' consecutive monthly surplus but some NZ$lB9 million less than' in March 1994. Statistics New Zealand said yesterday. Exports' rose 3 per cent to to NZ52,052 billion compared with
        AFP  -  61 words
  • Page 3 Advertisements
    • 668 3 FW Keppel Bank 1 ■X 4 of Singapore Limited f (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING 1 NOTICE IS HEREBY GIVEN that the 36th Annual General Meeting of the Company will be held at the Board Room, 6th Storey, Keppel Towers, 10 Hoe Chiang Road,
      668 words

  • REGION/WORLD
    • 457 4 AFP TOKYO Japan's economic recovery showed further signs of stumbling yesterday as the unemployment rate reached its highest level since 1953. Economists blamed the increase on the surging yen, lower exports and weak domestic consumption. "We only hear depressing news such as
      AFP  -  457 words
    • 406 4 Reuter ROME Renato Ruggiero, who becomes head of the World Trade Organisation on Monday, said yesterday that Japan was threatening to bring action against the United States in the WTO if talks on a dispute over car parts fail. "This is what the
      Reuter  -  406 words
    • 281 4 Reuter FRANKFURT A decision on whether former Barings trader Nick Leeson will remain in detention at a Frankfurt prison awaiting possible extradition to Singapore will be announced on Tuesday, a German prosecutor said yesterday. Prosecutor Hans-Hermann Eckert said the Frankfurt regional appeals
      Reuter  -  281 words
    • 253 4 Reuter TOKYO Deutsche Telekom, Europe's latest telecommunications carrier, plans to start an international phone service from Japan this year, punching a hole in a market dominated by three Japanese concerns. Analysts said the move, coming on top of careful deregulation, will accelerate
      Reuter  -  253 words
    • 1666 4 atj FW ETA w no_ at* w ETA Mm Dhabi GA860 1945 Ho CM Mind City VN741 1310 VN740 1410 AdalaMe QF81 1930 QF82 2055 SQ171 1915 SQ172 1430 Amman RJ187 0130 Hongkong UA1 0050 UA2 0835 Amsterdam SQ25 0650 KL838 2300 n25 CX710 0840 KL831
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    • 378 4 UPI SEOUL A powerful gas explosion killed at least 100 people. many of them young students, and wounded around 200 others in South Korea's third largest city yesterday, officials said. The disaster was described as the worst of its kind in South
      UPI; AFP  -  378 words
    • 282 4 UPI TOKYO Japan's Transport Minister Shizuka Kamei apologised yesterday to colleagues for remarks he made the previous day in which he accused the United States of using Japanese as slaves, government officials said. "The United States used to buy slaves from
      UPI  -  282 words
    • 248 4 AP, AFP JAKARTA Foreign Minister Ali Alatas yesterday denied news reports alleging sexual misconduct by an Indonesian cabinet minister while in New Zealand. "It is baseless, just rumours." Mr Alatas told reporters. Responding to reports from Auckland about an alleged assault
      AP,; AFP  -  248 words
    • 138 4 Bernama KUCHING The Sarawak state government will spend MS 10 billion (555.6 billion) to develop the petrochemical and plastics industries in Bintulu under the Seventh Malaysia Plan. State Industrial Development Minister Abang Johari Tun Abang Haji Openg said the development of the
      Bernama  -  138 words

  • Page 5 Advertisements
    • 317 5 v i s V-' I m HHJ M muf mrn JllV 818 I i mb W/p~ Mt ftV |V I H Hv Hf H Jftlftßß 1 *t V> J* ••••••f*r i Singmarine delivers another LPG carrier to Thai Oil Company Limited I^EWpSW^r 7 BShN*'•* B#s?F as §SNI s* t. <
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  • Page 6 Advertisements
    • 302 6 <«*"** v** la **>♦«»•< «k£& •W?•. >#**'' -v.' •fii'j'l,' a i,* j..*>af'• M*s <> .v Warn* v.\iT%jte -ii'" 1 *£$2^-» lie r*SS»" >« f%.£, w ftKf^?'»' V li»js; j:;* .3%. V^*~. *i: tfßk M\S ||S Congratulations *£.s.^^.^=f....:™T.m to Thai Oil Company and Singmarine on the successful delivery of a LPG
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  • Page 7 Advertisements
    • 547 7 m *m IS m SSS b JSr Congratulations to Thai Oil Company and Singmarine on the successful delivery of a LPG carrier H THONG SENG METAL (PTE) LTD m I NAMIREI I W ZICOM PRIVATE LIMITED I NAMIREI ENGINEERING (SINGAPORE) |t! Supplier of: PTE. LTD. Galvanised serrated gratings Stainless steel
      547 words

  • THE WORLD
    • WORLD WATCH
      • 73 8 Reuter WASHINGTON Russia is hoping for a new wave of foreign investment now that the country's economy is on the mend. Deputy Prime Minister Anatoly Chubais said. "Last year there was a boom in portfolio investment... now we are expecting a second boom in this
        Reuter  -  73 words
      • 28 8 Reuter PARIS French President Francois Mitterrand reviewing the Republican Guard during a farewell ceremony at a Republican Guard barrack in Paris on Thursday. Reuter
        Reuter  -  28 words
      • 56 8 Reuter FRANKFURT German prosecutors said they were investigating two cases of suspected insider trading in the first such probe since insider deals were outlawed in Germany last year. A spokesman for the Frankfurt state prosecutors' office. Job Tilmann, declined to reveal the companies involved nor the
        Reuter  -  56 words
      • 76 8 AP NICOSIA The Royal Dutch-Shell Group is bidding for a major oil development contract in Iran after the Clinton administration, striving to tighten Teheran's economic isolation, scuttled a US$l billion (551.39 billion) deal with a US firm. The stateowned National Iranian Oil Company
        AP  -  76 words
    • 234 8 AFP WASHINGTON Drug companies will get extra patent protection for medicines under a loophole in the Gatt world trade accord that will bring them a US$6 billion (558.34 billion) windfall, according to a study cited on Thursday by a US lawmaker.
      AFP  -  234 words
    • 447 8 Reuter, Knight-Ridder, AFP WASHINGTON Developing countries were urged to avoid excessive reliance on short-term funding to avoid Mexico-style crises, as the International Monetary Fund and World Bank wrapped up their spring meeting on Thursday. The Development Committee of the two agencies also noted
      Reuter,; Knight-Ridder,; AFP  -  447 words
    • 473 8 Bloomberg Business News, Reuter BONN Germany's Finance Minister, Theo Waigel. said the US dollar is "undervalued", but stressed that the deutsche mark's strength is the result of trust in his country's economic and budget policies. "The dollar is currently undervalued," he
      Bloomberg Business News,; Reuter  -  473 words
    • 460 8 Reuter PARIS A global war for dominance in the multi-billion-dollar multimedia industry intensified yesterday as two rival camps claimed progress in their plans to launch key compact disc products next year. At stake is a format, either the Multimedia CD
      Reuter  -  460 words
    • 286 8 NYT WASHINGTON The president's national security adviser on Thursday attacked what he called a rising wave of isolationism in the nation. The National Security Adviser, Anthony Lake, made one of the administration's fiercest attacks against isolationism at a time when many Republicans in Congress are
      NYT  -  286 words
    • 381 8 Washington Post WASHINGTON The National Rifle Association, already facing a battle to enact its legislative agenda in the wake of the Oklahoma City bombing, is under attack because of its rhetoric. None of the NRA's critics holds the group responsible
      Washington Post  -  381 words
    • 288 8 Bloomberg Business News. SANTA ANA, California Former Orange County, California, treasurer Robert Citron has pleaded guilty to six felony fraud charges related to the collapse of the county's investment fund, according to the Orange County district attorney's office. District Attorney Michael Capizzi said in a
      Bloomberg Business News.  -  288 words
  • Page 8 Advertisements
    • 332 8 A Quick Guide On 232 Listed Companies In Singapore Malaysia This NEW book provides key information on companies listed on the SES and CLOB International. Information include: Company's Background Year of incorporation, principal activities, chairman and directors and links with major corporate grouping. Financial Highlights: This section provides a six
      332 words
    • 56 8 BUSINESS TIMES LIFESTYLE EXCLUSIVE APRIL RESULTS Congratulations to our winners! SD/4N trip by Business Class to track the Subaru World Rally Team in Catalunya, Spain Mr Richard Bean 515 0706 SD/4N trip by Economy Class to track the Subaru World Rally Team in Catalunya, Spain Mr Anthony Leong *****33/1 SpmsomOy
      56 words

  • COMPANIES & MARKETS
    • 439 9  -  By Genevieve Cua UPMARKET retail goods distributor Transmarco said yesterday it would drop several agency lines, including sports equipment and watches which will mean a write-off of some assets and lower net earnings for the year to March 31, 1995. It
      439 words
    • 331 9  -  By Ven Sreenivasan SINGAPORE The Stock Exchange of Singapore has given the nod for another Sesdaqlisted company to be promoted to the main board. PCI said yesterday it had been granted in-principle approval for an upgrading, but it did
      331 words
    • 327 9 SINGAPORE Construction group Low Keng Huat (Singapore) turned in lower net earnings for the year to Jan 31, 1995, due mainly to higher interest charges. Net earnings were $1.55 million, 9 per cent down on the previous year. They were achieved
      327 words
    • 213 9 SINGAPORE Drinks maker Pokka Corp reported yesterday that group net earnings fell 43.15 per cent to $1.7 million from $2.9 million previously for the year to Jan 31. Pokka, which was listed on the main board of the Stock Exchange of
      213 words
    • 598 9  -  HOCK LOCK SIEW By Quak Hiang Whai SINGAPORE China's largest beer maker Tsingtao Brewery, the toast of the market during its launch in 1993, has sadly left a bad aftertaste in the mouths of investors by its recent disclosures. The Chinese company first shocked the
      598 words
    • 306 9  -  ByJ Jenny Lam SINGAPORE Hotel Properties Ltd said yesterday it had called off a deal to buy the Four Seasons hotel in Mexico City, but it did not say why. The flagship of tycoon Ong Beng Seng did say,
      306 words
    • 156 9 MBT KUALA LUMPUR Land General Bhd (L&G) has landed an oil exploration deal in Azerbaijan which will give it 17.5 per cent effective interest for 20 years in the Ansad concession. Yesterday, L&G signed a joint venture agreement with Turkey's Attila Dogan Petroleum
      MBT  -  156 words
    • EYE on your STOCKS
      • 20 9 For next week 's expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance A Investment section)
        20 words
      • Article, Illustration
        88 9  -  By Quak Hiang Whai The sudden surge in trading volumes in Amtek Engineering is just about the only indicator that is encouraging. Its daily RSI. stochastic and MACD are a little on the toppish side. Weekly and monthly charts are neutral to oversold, meaning the stock is a
        88 words
    • COMPANIES
      • 350 10 SINGAPORE The Tat Lee Bank group has taken control of a Hongkong broker. The Singapore-listed bank, which is controlled by the family of Goh Eng Chew, said yesterday that its wholly owned subsidiary. Tat Lee Securities, had bought an
        350 words
      • 163 10 Reuter MANILA Fort Bonifacio Development Corp (FBDC) said it has appointed UKbased Bovis, part of the P&O group, as its chief planner for what is expected to be the Philippine capital's next major business centre. FBDC also said it hopes to begin selling
        Reuter  -  163 words
      • 265 10 SINGAPORE Locally listed Hong Fok Corp has been given the go-ahead to buy a second Hongkong-listed company. The Hongkong Stock Exchange yesterday gave in-prin-ciple approval to Hong Fok's 46.5 per cent-owned associate Winfoong Investment to acquire the troubled MKI
        265 words
      • 412 10  -  By Amy Balan SINGAPORE Great Eastern Life's assets soared 30 per cent to $6.6 billion last year. And that's more than four times the SI.S billion it owned a decade ago. Even then, the latest figure is only what it
        412 words
      • COMPANY BRIEFS
        • 86 10 SINGAPORE Cosco Investment (Singapore) Ltd has signed a deposit agreement with the Bank of New York and the owners and holders of US depositary receipts of the company. Cosco said yesterday that the agreement marked a crucial step in establishing a sponsored Level-I American
          86 words
        • 78 10 SINGAPORE The Central Depositary (CDP) has announced the results of an early-bird lucky draw for CDP account holders who signed up for a dividend crediting service. The CDP received 460,000 letters of authorisation. The $10,000 first prize was won by the holder of account number
          78 words
        • 55 10 SINGAPORE Anthony Teo Soon Chye will join Times Publishing Group on May 1 as senior vice-president responsible for the group's Hongkong interests. John Charles Maisano, director and general manager of Times Publishing's Far East Trade Press in Hongkong, has resigned. His last day of
          55 words
        • 68 10 SINGAPORE Jacks International Ltd reported yesterday a 76 per cent increase in group net earnings to $1.84 million from $1.05 million for the year ended Jan 31. Turnover was up 32 per cent to $194.65 million. Earnings per share rose from 4.02 cents to
          68 words
        • 75 10 SINGAPORE Amcol Holdings Ltd has clarified a report in BT yesterday which said that it expected US$5O million profit from its Shanghai property project. The company said in a statement to the Stock Exchange yesterday that the figure was a preliminary estimate based on available market
          75 words
        • 49 10 Bernama KUALA LUMPUR Promet Bhd would actively bid for projects in the Asia-Pacific region, especially in India, Pakistan and the Philippines, the company said in its annual report. Promet recently signed three memoranda of agreement with Pakistan for a range of infrastructure development projects. Bernama
          Bernama  -  49 words
      • 567 10 MaaafarV priCM Apr 29 May 2 Mendaki Gr Fund 0.97 1.00® US Gr Fund 100 1.04* ,67 UOB Asset Mgt Ltd The Savings Fund 1.43 1.51 Unifund 1-33 1.39 S pore Prog Fund 0.58 0.62 Unibond 1.03 S pore See Fund 0.94 1.00 United Gr Fund' 1.56 1.63 S'porc Invest
        567 words
      • 582 11 Reuter SYDNEY Heavy demand for listings on Asian stock markets is forcing a growing number of Asian companies to look to Australia, where the "back door" of the local exchange offers cheaper entry into the equity market. About 15 such
        Reuter  -  582 words
      • 225 11 Bloomberg Business News HONGKONG Allied Group Ltd, stung by government allegations of share rigging and mismanagement, said 1994 net profit rose 18 per cent even as sales plunged. Profit after taxes and minority interests rose to HK5221.56 million (5539.9 million) in
        Bloomberg Business News  -  225 words
      • 230 11 Bloomberg Business News HONGKONG Shougang Concord Grand, an investment and property developer headed by the son of China's ailing patriarch Deng Xiaoping, suffered a net loss of HKS 199.6 million (5535.94 million) in 1994. The loss comes after a HKS 144 million net profit
        Bloomberg Business News  -  230 words
      • 352 11 India's largest listed company sees fall in share price after results Bloomberg Business News AFP, Reuter, BOMBAY Reliance Industries Ltd, India's largest listed company, said here yesterday that net profit rose 85 per cent on a year earlier to 10.65 billion rupees (*****.59 million) in
        Bloomberg Business News; AFP,; Reuter,  -  352 words
      • 248 11 NYT SAN FRANCISCO In a major setback for Microsoft Corp, the Justice Department filed an anti-trust lawsuit on Thursday to block the company's planned US$2 billion (SS2.B billion) acquisition of Intuit Inc, maker of Quicken, the leading personal finance
        NYT  -  248 words
      • COMPANY BRIEFS
        • 69 11 Bloomberg Business News SYDNEY Australia's anti-trust regulator said yesterday that i will not veto the involvement of Publishing Broadcasting Ltd which is controlled by Australian financier Kerry Packer, in tht Optus Vision Australian pay-television group. Publishing Broadcasting operates free-to-air commercial broadcaster Nin* Network Australia. Its
          Bloomberg Business News  -  69 words
        • 75 11 Bloomberg Business News CHICAGO Quaker Oats Co's third-quarter profit fell 44 pei cent as the cost of buying Snapple Beverage Corp and reduces sales of hot cereal offset rising sales of other products. Quaker profit from operations for the quarter ended March 31
          Bloomberg Business News  -  75 words
        • 73 11 AFP TOKYO Japan's Mitsubishi Chemical Corp yesterday an nounced a cut in its pre-tax profit estimate for the year to Marc! 1995 to five billion yen (5582.5 million) from 10 billion yen citing losses stemming from a stock market slump. However strong overseas demand for petrochemical
          AFP  -  73 words
        • 90 11 Bloomberg Business News TOKYO Nippon Telegraph Telephone Corp, Japan's larges telephone utility, said yesterday that it will split its shares fron November to pass on to investors the benefits of a recent sale o an affiliate. NTT said the split, where holders of NTT stock wil
          Bloomberg Business News  -  90 words
    • SHIPS IN PORT
      • 385 11 Vmd Voy Wo Bwth km* Departure Vessel Voy No Berth Arrival Departm Marina Wharves 2304 poia 2804/1800 2804/2000 Samsun Atara 1 K23 25.05/0500 01 05/2300 Mahkota Exp A93/95 POIA 28 04/1530 28 04/1630 Mahkota tip A94/95 P01A 29.04/1530 29 04/1630 P P T.rmiml Mahkota E«p 94/95 POIA
        385 words
      • 1279 11 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Ac. bdt mm 2A a/i /mi a/Dtoa 3 29/0700 29/1159 29/1400 4 29/1200 29/1459 29/1700 Acx Lotus 064A 30 1700 3
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    • FINANCE & COMMODITIES
      • 549 12  -  From Neil Behrmann in LONDON MORE than 60 per cent of Lloyd's foreign members are no longer underwriting insurance business following the market's massive losses during the past few years. A Lloyd's spokesman would not disclose the proportion of "inactive" foreign members
        549 words
      • 451 12 DBS Bank weekly currency review US$/Dm: long-tenn bearish! Trading was jittery this week as US$/Dm "see-sawed" within the range of 1.3520 and 1.3870 between Monday and Thursday. The longer-term trend remains bearish, although we expect short-term trading to remain in the range of 1.3520 to
        451 words
      • 324 12 Reuter LONDON British banks will have to set aside less capital against loans made to investment firms from next January under new proposals by the Bank of England released yesterday. The new Bank of England (BOE) proposals are revisions to a consultative
        Reuter  -  324 words
      • 443 12 Bloomberg Business News HONGKONG Since deposit rates were deregulated last October, some Hongkong banks have been engaging in a fierce competition for customers' money, a practice that could eventually knock the whole banking system off" balance. the head of Standard Chartered's Hongkong branch said.
        Bloomberg Business News  -  443 words
      • 347 12 Reuter SHANGHAI The Chinese brokerage embroiled in a bond scandal is being frozen out of the underwriting market, a stinging blow to the company that once aspired to be the Merrill Lynch of China. Industry sources said yesterday that Shanghai International Securities had been dropped
        Reuter  -  347 words
      • 300 12 ENERGY REPORT Bloomberg LONDON Crude oil futures declined after being pushed to the highest level in almost two years by surging petrol values in New York. Many traders sold futures speculating that the level reached wouldn't be sustained because the amount of crude processed by
        Bloomberg  -  300 words
      • 211 12 Reuter LONDON The dollar managed to crawl up in Europe but activity was extremely tentative as a dearth of fresh factors left dealers preparing for the weekend. The dollar has been firm all week but had been waiting for strong US economic data to give reason to buoy
        Reuter  -  211 words
      • 98 12 AFP NEW YORK The dollar rose against other major currencies here yesterday in narrow trading, but the gains were basically due to technical factors in the absence of any new factors that might give the greenback support. At 1400 GMT, the dollar was trading at 1.3819 marks, up
        AFP  -  98 words
      • Article, Illustration
        1509 12 I raJr Hnghlnl index mk ulainJ afamsi S'parr'f tap /< tradiirf f>artmr\ Bav war I Wt5 US$/S$ forward rates Noon /Apr 28 ss Bid Oder 1-month 13*50 I M6S 2-moolh I3«06 IM2I V month 1-3764 1.3777 6-month ***** ***** Smrtr OCBC Source: UOB FOREIGN CURRENCY NOTE RATES As at 9m
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    • COMMODITIES & FUTURES
      • 1291 13 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures ended slightly lower and Eurodollars were mixed after the timid dollar/yen recovery on the Tokyo forex market. Trade was sluggish due to the upcoming Golden Week holidays in Japan. The lead December Euroyen closed at 98.35 against a
        Reuter  -  1,291 words
      • 663 13 COMMODITY REPORTS Kl Tin TIN prices on the KLTM rebounded to close 29 sen higher to M$ 14.60 per kg due to heavy buying from Japanese investors to cover their positions at the end of the month. The market was in line with
        663 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 109 13 SYDNEY Taiwan is emerging as the main engine of growth in stainless steelmaking outside of the US, Europe and Japan, reflecting the start-up of new plants. Production of stainless steel in Taiwan is forecast to grow by 68 per cent this year to 370,000 tonnes, following
          109 words
        • 72 13 SYDNEY China's largest zinc processing facility, the 300,000-tonne-per-year Huludao Smelter, has restocked zinc concentrates at its new 130,000tonne capacity zinc production facility, but has not yet restarted production, according to an Australian company agent. The new plant was forced to close late last month due
          72 words
        • 61 13 LONDON German statistician F O Licht forecasts that world coffee production in 1994-95 will total 91.4 million 60 kg bags, up from its previous estimate of 90 million made in November. In its second estimate of 1994-95 production Licht notes that supply is likely to fall
          61 words
        • 67 13 LONDON Primary nickel production in Russia totalled 180,000 tonnes in 1994, down from 186,000 tonnes in 1993, according to a press release from the International Nickel Study Group. Russian nickel consumption fell to 37,000 tonnes in 1994 from 70,000 tonnes in 1993, while official exports amounted
          67 words
      • 1478 13 SICOM Futures A P r 28 Rubber (futures dosing as at 5.30pm) WSS I Contract (S cents/kg) Close Volume Open Month High Low Sell (tonnes) Interest May 95 246 50 ,500 j un 241.00 2825 Jul 238.00 238.00 237.50 100 1650 Aug 235.50 235.50 235.00 100 2050 Sep
        1,478 words
    • REGIONAL STOCK MARKETS
      • 917 14 17.8 STOCKS rallied to a sevenmonth high yesterday as bulls entered the bourse following better-than-expected inflation data released the day before. The All Ordinaries Index closed at 2,050.2 points, up 17.8, the highest finish since Sep 16 last year. The All Industrials ended 26.9 firmer at 3,037.9, while the
        917 words
      • 583 14 Share prices fell slightly on a massive sell-off of index heavyweights Philippine National Bank (PNB) and Philippine Long Distance Telephone Co (PLDT), analysts said. The PSE Index' retreated 5.11 points at 2,465.87. PNB was hit by uncertainties on the privatisation plan for the country's largest commercial bank, which is
        583 words
      • 618 14 -72.54 Shares fell back on profit-taking, with eight major categories of shares posting losses. The 321-issue Weighted Price Index retreated 72.54 points to finish at 5,825.99. Turnover was 798 million shares worth NT534.71 billion. The market opened lower and hit the day's low of 5,786 points, with the index
        618 words
      • 307 14 13.71 Firmer leading issues helped shares to a strong close. The NZSE-40 Capital Index closed 13.71 points higher at 2,134.70. All the leaders were strong, with Fletcher Challenge up five cents to NZ$4.OO, and Lion Nathan also up five to NZ53.24. Fletcher, which made up a big chunk
        307 words
      • 440 14 +2.96 Share prices sustained a small gain, helped by bullishness in securities issues. The Composite Price Index settled at 896.84 points, up 2.96. Turnover was 26.95 million shares worth 447.2 billion won. Falls outnumbered rises by 449 to 300 with 107 counters ending unchanged. An early-morning gas explosion in
        440 words
      • 77 14 -77.43 Shares ended sharply lower as speculators took advantage of a confidence crisis to ofF-load blue chips. "The market is in a bear grip. Sentiment is bad and operators are taking advantage to short sell and make a profit," one dealer said. Brokers said speculators were selling liquid shares
        77 words
    • WORLD STOCK MARKETS
      • 827 14 -0.9 BLUE chips closed marginally lower in choppy trade, after falls on Wall Street, dealers said. "The market just came off on the back of lower US shares," said one. "Trading was a bit sloppy, with a lack of interest and people reluctant to stick their necks out on
        827 words
      • 136 14 -12.50 French shares finished with losses after a volatile session dominated by expiry of April futures and options contracts. Political uncertainty remained a feature ahead of the May 7 run-off presidential vote, as Socialist Lionel Jospin was seen to be fighting a strong campaign. The CAC-40 Index closed down
        136 words
      • 188 14 •8.00 German shares slipped at the close on profit taking in spite of stronger dollar and firmer Bunds. Volume was moderate before the US data release yesterday afternoon and an extended weekend break. Dealers said the market was still sceptical about the dollar's gains. The 30-share DAX Index closed
        188 words
      • 167 14 +4.32 Belgian shares closed slightly higher with chemical stock Solvay outperforming the market with a rise of 2 per cent to 15,500 francs. The Bel-20 Index of leading shares ended 4.32 points higher at 1,424.28 in spite of late basket selling to try to force it below 1,420, a
        167 words
      • 194 14 148 Italian stocks soared to their highest level in two months on hopes the government can complete its programme of trimming the budget deficit and reforming the pension system. The strength of some shares boosted foreign investors' confidence, fuelling further gains. "When Fiat broke through 6,800 that was the
        194 words
      • 271 14 1.35 Dutch stocks closed higher for a seventh straight day boosted by a strong dollar and optimism over earnings prospects. "Companies, both here and overseas, are showing beautiful figures," said a trader. "The fact that the weak dollar has influenced figures, and will continue to do so, has been
        271 words
      • 128 14 12.11 Swedish shares closed up in lively trade driven by rumours. The OMX Index closed 12.11 points up at 1,219.10, just below the day's high of 1,219.80. "Things really picked up in the afternoon. There are incredibly many rumours going around," a broker said. Particularly affected was MoDo. Fired
        128 words
      • 229 14 +30.2 Swiss shares closed about one per cent higher. Dealers credited the boost to lower- than-expected US first quarter GDP figures that calmed fears of an overheating economy. The slightly higher dollar also improved sentiment, they added. The blue-chip SMI Index of leading shares gained 30.2 points to 2,597.2.
        229 words
      • 355 14 +9.2 South African shares ended quietly mixed in a dav of thin volumes ahead of the long May Day weekend. Golds drifted easier on mild profit taking despite a steady gold price while positive industrials sentiment on Wall Street gains buoyed prices. Many players were absent from the market.
        355 words
      • 218 14 -5.80 Stocks fell as the market was depressed by profit-tak-ing after recent gains. The TSE-300 Index dropped 5.80 points to 4,268.00 on volume of 13.64 million shares valued at Csl6B million. Buoyant gold shares enabled advancing stocks to beat declines 225 to 192, with 262 stocks flat. Toronto Apr
        218 words
      • 506 14 Vienna \pr 28 Asch ATA IJM Bwk Ainlna PS J* J C A-BV vz M 2 EVN 1276 16 Hughatrn 4M Lrn/ing "0 J Lcvkam W5 5 Miculjn Hid vz 402 44 OCMV VZ I00« J VATechnotafie 1076 Vfiurter 216 Vcrtvund AMw A *43 -J Wmntwi M 1 Source: Bank
        506 words
      • 695 14 -26.98 The Dow Jones Industrial Average, which rebounded 14.87 points to a new re-cord-high 4,314.70 on Thursday, was down 26.98 to 4,287.72 at 1 lam EDT. The NYSE Composite Index was off 1.20 to 275.67, while Standard Poor's 500-stock Index was down 2.24 to 511.31 both slightly below
        695 words
    • Article, Illustration
      2921 15 Bloomberg Business News HONGKONG Stocks were mixed for a second day as investors continued to fret over the deteriorating health of Chinese leader Deng Xiaoping. A rise in HK Telecom and other utility stocks helped offset a slump in some property shares. Speculation that Deng may soon die was
      Bloomberg Business News; Source: Bridge Info  -  2,921 words
    • Article, Illustration
      569 15 CLSA IN Hongkong, the H share index gained 2.14 points to 1,018.18 on turnover of HKS3B million. Trading in Maanshan accounted for 18 per cent of the volume. The stock finished 3 per cent higher, despite poor net profit results. Turnover in Shanghai B shares again wallowed at US$2.l
      CLSA  -  569 words
    • Article, Illustration
      2568 15 Bloomberg Business News TOKYO Stocks fell for the third day this week, led by exporter shares, amid concern that the dollar may fall while the Tokyo market is closed next week. The markets will be closed from Wednesday to Friday for the Golden Week holidays. "Everyone is worried about
      Bloomberg Business News; Source: Bridge Info  -  2,568 words
    • Article, Illustration
      1787 15 Reuter BANGKOK Stocks rallied at the close on further foreign institutional buying of blue chips, ending the week on a firm note. The SET index closed up 36.83 points, or 3.2 per cent, at the day's high of 1.208.69. Turnover was 125.9 million shares worth 9.06 billion baht. Rises
      Reuter; Source: Bridge Info  -  1,787 words
    • Article, Illustration
      1176 15 Reuter JAKARTA Shares closed mixed in thin trading, with light buying interest seen in property and consumer stocks, but most players remained sidelined despite several positive financial results published yesterday. Davomas rose 11 per cent to 2.250 rupiah on local and foreign buying, brokers said. Losers included BDN1. Duta
      Reuter; .Vctirn' HiiJit' Into  -  1,176 words
    • 2355 16 Cr Gr l**5 L»M Vol Day LulOnM l*> l» M C »p Mi«h Low (.ompamy Sale (TOO) High L-o" Buyer Selkr Of P/K Smil MALAYSIAN STOCKS 7 1% m MSB 50c 318 -8 693 334 316 31* 320 JO -2 9 0.3 326 \H "J m AMDBMc 91
      2,355 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6121 16 Bloomberg Business News KUALA LUMPUR Stocks rose as fund managers bid up prices to make their portfolios look better to shareholders at the month's end. "It's basically window-dressing since it's the last day of April," said a dealer. The KLSE Composite Index rose
        Bloomberg Business News; Source: Bridge Info  -  6,121 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7114 17 MAINBOARD •y*' CI?* V Transaction date: Apr28 Gr G. M Wt Vol D» Ijttl (>»« Di» D4» YW Nrt Cnp A»g H«h lo. J Sale I"000) High Uw. »•>« O P/E *■»< Pfl" INDUSTRIAL AND COMMERCIAL 4 40 420 406 4,6 420 2.4 n?ss 4,4 I -I Su 2 2
        7,114 words
      • 1945 18  -  By R Sivanithy SINGAPORE After four consecutive days of weakness, the local stock market perked up a little yesterday on talk that foreign funds are nibbling selectively at local blue chips. The main feature of trading. however, was a last-minute rise
        Charts by Bridge Info; Source: Bloomberg  -  1,945 words
  • Page 9 Advertisements
    • 22 9 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY... To advertise your Appointments or Notices, caN toll-free 1-800-741-1883 i FTha Strait* Timaa ■I
      22 words
    • 555 9 NEWS VALUE US Ist qtr growth the weakest since mid-1993 (pg I) May ease expectations of another US rate hike. But the comments of the IMF director-general are not too comforting. Last-minute buying of component stocks boosts STII a second Friday (pg I) Expected to prompt even greater SES interest
      555 words

  • Page 10 Advertisements
    • 1641 10 \<z> Wayfoong Mortgage And Finance (Singapore) Limited I I BALANCE SHEET as at 31st December 1994 NOTES ON THE ACCOUNTS 7. Investment, I I for the year ended 31st December 1994 t I Note 1994 1993 I I These notes form an integral part of and should be read in
      1,641 words


  • Page 12 Advertisements
    • 49 12 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.
      49 words

  • Page 13 Advertisements
    • 77 13 Financial News IKj]l A Quick Look At The Market I Call 24 hours a day for I I SES KLSE midday I I reports, I market reports business news. Cost: 30 cents a minute orBan,sedby: MRliline An SPH AudioTex Service j I Find a new I owner I for your
      77 words
    • 20 13 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
      20 words




  • Page 17 Advertisements
    • 24 17 jogu STRAIGHT TALK *SSS% You shouldn't have to read between the lines to get the 7T"s§ifQflSjSjk u P |Cture Companies Markets. Everyday. f BusinessEmes
      24 words


  • ISEAS Trends
    • 1175 19  -  What accounts tor the Barisan Nasional's landslide win in the recent general election? RustemA!Sani Rustam A Sani Rustam Sani. formerly with the Kuala Lumpur-based Institute for Strategic and International Studies, is a well-known Malaysian analyst on political and social issues. Malaysia held its ninth general election
      1,175 words
    • 1181 19  -  James Cotton looks at the increasing mismatch between economic performance and political institutions in Asia-Pacific countries James Cotton Dr James Corn* is Science at the University of lasmana Hobart. Australia. According to the world Bank, s the "High-performing Asian econo- t mies" (HPAEs) of
      1,181 words
    • Article, Illustration
      899 20  -  The last few years have seen Japan suffering from an economic and political malaise. Lam Peng Er sketches-in the background Lam Peng Er Dr Lam Peng Er is a Japan specialist. He was in Tokyo when the attempted assassination of the police chief took place. THE twin events
      899 words
    • 1367 20  -  Sorpong Peou looks at Cambodia after Untac, and tries to determine whether it is on the right path to peace and democracy Sorpong Peou Dr Sorpong Peou is a Research Fellow at the Institute of Southeast Asian Studus. BETWEEN November 1991 and September 1993, Cambodia was
      1,367 words
    • 1415 20  -  Mark Nguyen examines the relationship of the Vietnamese diaspora with Vietnam two decades after the War Mark Nguyen Mark Nguyen is a Visiting Axsnri„. the Institute of Southeast Asian Studies Ta-ta bong nga ve lay. chi-em thothan dan tay rave [Now as the
      1,415 words
    • 1061 21  -  The European Union is trying to correct the impression that it is slipping behind the US in influence in Asia, contends Michael Hindley Michael Hindley Michael Hindley is a member of the European Parliament and is Vice-President of its External Economic Relations Committee. LAST autumn, the
      1,061 words
    • 1261 21  -  Look out for a more diplomatically assertive Russia in the Asia-Pacific, says Leszek Buszynski Leszek Buszynski Dr Leszek Buszynski is an Associate Professor at the International University of Japan. IT IS futile to talk in terms of a clear Russian foreign policy, as though
      1,261 words
    • 895 21  -  The India-Pakistan nuclear weapons impasse continues to cast a shadow over South Asia. Arvind Kala provides some answers as to why this is so Arvind Kala Amnd Kala is with the New Delhi-based organisation AsianScart. INDIA and Pakistan's position on a nuclear bomb reminds one of
      895 words
    • 1067 22  -  YOU Jl examines the key developments in China's high-technology push andl its market potential You Ji Dr You Ji is a Lecturer with the Department of Political Science. University of Canterbury, Christchurch. New Zealand. [N recent years, China has accelerated its efforts to develop its high-tech
      1,067 words
    • 1196 22  -  The need to secure outside lines of communication has begun to change the definition of China's strategic frontiers. Lan Wilson analyses the issue Ian Wilson Dr lan Wilson is a Senior Lecturer in Political Science at the Australian National University. THE precise location of Chi- th na's
      1,196 words
    • 987 22  -  Not all is sweetness and light for an economically vibrant China in its interactions with the rest of the world, says Sheng Lijun Sheng Lijun Dr Sheng Lijun, a Chinese national, is a Research Fellow at the Institute of Southeast Asian Studies. CHINA'S unrelenting eco- t
      987 words
  • Page 19 Advertisements
    • 135 19 15EH5BEH5HEH5HEH5HE115HEJGI5EM I SOUTHEAST ASIAN AFFAIRS 1995 An annual review of the region highly valuable annual review of Indochina I and the rest of Southeast Asia I Indochina Chronology fcfclncisive analysis of Southeast Asian security The Japan Times fcfc Scholarly but not scholastic, appealing to a broad professional readership -.7 Pacific
      135 words

  • Page 20 Advertisements
    • 239 20 Trends A monthly of it* taxitme of Sowtiem Amn Slmlin Editors-in-chief S. Rajaratnam Chan Heng Chce Editor Derek da Cunha Associate Editor P. Lim Pui Huen Assistant Editor Ronald Kow Business Manager Liak Teng Kiat International Advisory Committee Jose V. Abueva (Philippines) Stephen FitzGerald (Australia) Han Sung-Joo (Korea) Tommy T.
      239 words



  • Executive Lifestyle
    • 1586 23  -  By its sheer size and ambition, Suntec City has become a civic monument. It has also become the subject of much scrutiny and opinion. Jay Khosia finds out what people think of its design, and what its architects have to say about its concept Jay Khosla Jay
      Photos by Chris Loh Design by Jennifer Chua  -  1,586 words
    • STRAWS IN THE WIND
      • 54 23 A FEMALE managing director had lunch with a male colleague la?l week aT a top Japanese restaurant here. As they were leaving, she was surprised when the restaurant captain gave her a little plastic bag. What was it, she inquired. The captain promptly replied with a smile:
        54 words
      • 93 23 TOURISTS must be a terrible bunch going by some of the signs spotted in European hotels. In an Athens hotel was this one: "Visitors are expected to complain at the office between the hours of 9am and 1 lam." In a Belgrade hotel lobby. guests saw this
        93 words
      • 37 23 GUESTS to the Film Festival often bring gifts usually something representative of their country. From Japan came a box of sweets too beautiful to eat. a single chickenshaped biscuit, and two rubber Godzilla monsters.
        37 words
    • OPINIONS
      • 822 24  -  LETTER FROM JAKARTA Vibrant nightspots and international acts adding spark to the city s night life MAGGIE FORD The writer is a Jakarta-based journalist who contributes regularly to BT WHEN a local police "Swat" team descended on two of Jakarta's top nightspots recently, entertainment proprietors
        822 words
      • 765 24  -  Patients suffering from any medical disorder now want to be told everything about treatment before they give their written consent Asahi Shimbun THE CONCEPT of "informed consent" is attracting public attention in Japan. In a poll of 5.000 people taken in
        765 words
      • 662 24  -  Indonesia hosted the 40th anniversary of the Asia-Africa Conference as well as the Non-Aligned Movement's ministerial meeting this week. Noted political scientist Juwono Sudarsono suggests what the movement needs most Juwono Sudarsono The writer is l ice-Governor of Lemhanas. the Indonesian Defence College.
        662 words
    • VIEWPOINT
      • 2045 25  -  the raffles Narayanan Vaghul, chairman of India's largest term-lending institution ICICI, tells S N Vasuki why the reform process is irreversible, how state-owned banks are coping with competition, and why comparisons between India and China annoy him S N Vasuki Narayanan vaghul started his banking career
        2,045 words
      • 649 25 A FUNDAMENTAL change has taken place in the Indian political milieu, says Narayanan Vaghul. Possibly for the first time since independence, there is a broad consensus on economic reform among all political parties. "Even the worst critic of the government doesn't want a reversal of the entire
        649 words
      • 498 25 Narayanan vaghui is exasperated whenever economists and journalists compare China and India. "I have said this many times I hate comparisons between China and India because China is China and India is India. "And I focus myself on India and say we have so much distance
        498 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • 549 26 BT SENTIMENT INDEX (May 1 5) Those polled on their views of the Singapore stock market for the week ahead: Alliance, Daiwa Research, DBS Investment Research, Fraser Securities, G K Goh, Kim Eng, Morgan Grenfell, Nomura, Phillip Securities, S G Warburg Smith New Court. Buy! HG Asia (Apr 28) STIC
          549 words
        • 388 26  -  Steven Hagger managing director Barclays de Zoete Wedd (Malaysia) Sdn Bhd ERTAIN MalayI sian finance stocks, namely Arab Malaysian Finance (AMF) and Public Finance (PF) are now grossly undervalued, presenting an opportunity for contrarians to accumulate bargains. This is as a result of the tremendous sector sell-off
          388 words
      • 930 26  -  THEWEEK With the close of the company reporting season and the Malaysian polls, what is keeping interest alive on both sides of the Causeway? Joyce Quek puts an ear to the ground and picks up the latest buzz on the bourses Joyce Quek IS
        930 words
      • 647 26  -  Eye on the region Martin French advises taking a one-year view on stocks Martin French The writer is chief representative of Credit Lyonnais Securities (Malaysia) Sdn Bhd Malaysian Prime Minister Mahathir Mohamad was probably surprised by the extent of the National Front election
        Source: Bridge Info  -  647 words
      • 625 26  -  The weakening greenback has kept many on tenterhooks. Raymond Foo takes a look at its impact on the region Raymond Foo The writer is director of economic research of Crosby Securities THE SINGAPORE dollar is managed against a basket of currencies with the main
        625 words
      • 872 27  -  By Joyce Quek S S ARAWAK has the necessary i attributes p- *to become an economic powerhouse in Malaysia." says Nomura Research Institute Singapore (NRI). NRl's assessment came after it trekked to the East Malaysian state to gain a better insight into the growing list
        872 words
      • 709 27  -  Gerald Yip on why he is bullish about China in the long term Gerald Yip 7Vie nnier is investment manager at DBS Asset Management MERGING stock mar- lH kets provide high re- E J turns. But they bring attendant risks because of the rfast-changing
        709 words
      • 643 27  -  Is the worst of the property slump over? Quak Hiang Whai finds out Quak Hiang Whai RETURN to Hongkong property stocks ahead of a recovery, recommends one broking house, which says the property market will land softly and
        643 words
      • 608 27 Deposit amount l-mth 3-mth 6-mth Deposit amount 1-mth 3-mth 6-mth Rant nffhina S5.000 -US9.999 5.3700 5.6800 5 8100 USIO.OOO US24.999 5.3700 5.6800 5.8100 AS Yen 10.000 49.999 7.0000 7.2500 7.5000 SI0.000 Yen 9.9 mil 0.6800 0.6800 0.6900 50.000 Above 7.1250 7.3750 7.6250 YenIO mil-Yen 24.9mil
        608 words
    • Article, Illustration
      565 28  -  DAtfIAUIC unema kcyiws By SUSAN TSANG HARTLEY, purveyor of mystery in a small town, finally hits New York in /Amateur, his latest film, which closes the fijm festival tonight. Once again we get the handsome stranger, fascinating because of the air of mystery that surrounds him. In Amateur
      565 words
    • 660 28 THE ROAD To Wellville opens promisingly with an unrecogniseable Anthony Hopkihs as Dr John Harvey Kellogg, health gliru and inventor of the cornflake, and instruments of health that would not be out of place in a torture chamber. Kellogg, himself a bit of a flake, is strapped
      660 words
    • 1422 28  -  Jaime Ee finds the perfect place to unwind in Koh Samui, the land of a million coconuts Jaime Ee IN KOH SAMUI. coconut trees don't grow tall and straight, the way you expect trees of similar persuasion to do. Call me a
      Photo by Samuel Ee  -  1,422 words
    • Article, Illustration
      1026 29  -  In need of some major bodywork? Samuel Ee discovers the meaning of rejuvenation at the spa of Bangkok's Oriental Hotel Samuel Ee HAD a bowl of warm, mashed papaya B I the other day. It smelled rather fraS>JL grant but I didn't get to find out if it
      1,026 words
    • 593 29  -  Shopping By CORINNE KERK HOW MANY times have you walked past those glamorous TifTany Co windows, gawking at the displays but without sufficient courage or funds to walk right in? For those of us who aspire to greater glitter beyond those heavy Tiffany glass doors,
      593 words
    • SPORTS
      • 675 30 UPI BOLOGNA, Italy The Formula One fraternity is bracing for an emotional return I weekend to the lmola where 12 months ago e-time champion Ayrton ja died in the 1994 San ino Grand Prix. ienna was killed when his iams-Renault left the
        UPI; AFP  -  675 words
      • SCORE CARD
        • Article, Illustration
          35 30 n YORK NBA playoffs jKtday Kastern Conference: Cleveland 79 (NY leads attf-live scries 1-0): Indiana 90 Anahta 82 (Indiana 1-0). Western: Utah 102 Houston HX) (Utah 1-0): Seattle 96 LA Lakers 71 (Seattle 1-0).
          35 words
        • Article, Illustration
          151 30 AFP I.AS VEGAS Former world champion Mike Tyson's first boxing bout in more than four years will be here on Aug 19 against lightly regarded US heavyweight Peter McNeeley. according to newspaper reports here. But Tyson's first fight since serving a three-year prison sentence for rape will come on
          AFP  -  151 words
        • Article, Illustration
          45 30 WILMINGTON, Delaware lour DuPont 109.44 km firststage (Dover to Wilmington) Thursday: I Malcolm Elliott (GB) 2:24:53 f 10 seconds bonus 2 Andriano Bafll (Ita) same time t-6 3 Massimo Stra/zer (Ita) s.t. +4 4 Jean Pierre Hcynderickx (Bel) s.t. 5 Robbie McEwen (Aust) s.t.
          45 words
        • Article, Illustration
          176 30 lOKYO 120 million yen (551.99 million) Crowns Open 2nd rd I rida> (Japanese unless stated): 129 Katsuyoshi Tomori 64 65 130 Masashi Ozaki 66 64 131 Nobuo Scri/awa 64 67 133 Shigeki Maruyama 64 69. PARIS Pairs I ournaim-nt Ist rd Ihursday (GB/lrc unless stated): 59 John Biekerton/Daren l
          176 words
        • Article, Illustration
          168 30 AP. Reuter BRISBWK Argentine centre Diego Cuesta Si I a is poised to equal a record set by Hugo Porta if he plays against the world champion Australians in the first test at Bally more tomorrow. Cuesta Silva aims to play in his 56th international. drawing level with former
          AP.; Reuter  -  168 words
        • Article, Illustration
          84 30 MONACO Monte Carlo Open 3rd rd Thursday: 4-(ioran Ivanisevic (Cro) b 13-Marc Rosset (Swi) 6-4 6-3: 2-Boris Becker (Gcr) b Alex Corretja (Spn) 6-2 6-2: David Wheaton (US) b Paul Haarhuis (Ned) 6-2 6-7 (4/7) 6-4; l()-Richard Krajicek (Ned) b Alex Lopez-Mo-ron (Spn) 6-4 6-4; Gilbert Schaller (Aut) b
          84 words
      • 690 30 NBA Playoffs UPI NEW YORK If the adage that the playoffs don't start until the home team loses is true, not much happened on Thursday night in the NBA playofls. Four games were played and four home teams won, two convincingly
        UPI; Reuter  -  690 words
      • 469 30 AP CHARLESTON. South Carolina Christophe Auguin of France won his second around-the-world solo yacht title on Thursday and quickly announced he will seek a third. Auguin's Seel a Culberson was greeted by a fleet of about 20 fishing, sail and pleasure boats outside Charleston Harbour
        AP  -  469 words
    • PEOPLE
      • 147 30 THE Legends Golf and Country. Johor's newest and largest golf resort. launched its membership drive at the Four Seasons Hotel here last Friday. Located in Sedenak. the resort. which is a 40-minute drive from the Causeway, is selling each membership for 5527.000. When completed in mid-19%. it will
        147 words
    • TIME OFF
      • 661 31  -  Corinne Kcrk sympathises with the hunks at Music World who strutted their stuff to little avail Corinne Kerk THE AD promised us "Hollywood's Sexiest Men", "Wanted by Women Everywhere". But on Wednesday night, America's Hunk-A-Mania only managed to stir up sympathetic whistles (mostly from males) and
        Photo by Arthur Lee  -  661 words
      • 196 31 One Flew Over the Cuckoo's Nest The Stage Club presents this adaptation of Dale Wasserman's brilliant play set in a psychiatric hospital that sees Nurse Ratched's order and control being challenged by new arrival Randal P McMurphy. Apr 29, Bpm at the Drama Centre. Tickets at $10, $12 and
        196 words
      • 210 31 SSO Concert French pianist Francois Joel Thiolleir joins conductor Choo Hoey and the Orchestra in Liszt's popular Fantasy on Hungarian Folk Themes and Busoni's Fantasia Indiana. There will 'also be a pre-concert talk held before the concert at 7.30pm at the Green Room Foyer, 3rd Fir, Victoria Concert Hall.
        210 words
      • 161 31 Into its Bth year, this year's festival is entitled "A Celebration of the Centenary of Cinema", and ends today. R(A) movies are restricted to patrons 21 years and above. Tickets for for the closing film Amateur is $20 (stalls) and $25 (circle). All tickets available from Prego.
        161 words
      • Article, Illustration
        802 31 Antiques of the Orient This is an exhibition and sale of maps drawn by Georg Matthaus Seutter from his Atlas Novus which was first published in 1728. From Apr 29. at Antiques of the Orient. Tanglin Shopping Centre. Photographic Works and Sketches A selection of works by renowned international
        802 words
      • 402 31 Women and World Peace A public forum to raise awareness of isssues which are of paramount concern to women. There will be three distinguished speakers who are experts on the subject and have a wealth of knowledge and experience to share with us. Apr 29. 2.45pm to 5.15pm at
        402 words
      • 264 31 Auditions Action Theatre is looking for people who can sing and dance for a pop musical to be staged in August. Come for the audition if you are 18 years and above, and do bring your own music sheets, a recent photo and your resume. Apr 29: 2pm to
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      • 100 31 River Susie Wong exhibits a new range of her works which draw their inspiration from the river of life. Until Apr 30, at the Substation. Guinness Lunchtime Concerts Musicians from the LaSalle-SIA College of the Arts perform on alternate Wednesdays. May 10. I.lopm at the Guinness Theatre.
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      • 143 31  -  Compiled by Christopher Toh Sistic outlets are at Forum The Shopping Mall. Ginza Plaza, Junction 8, Liang Court, Raffles City, Scotts, Specialists Centre, Takashimaya, Cold Storage at Jelita and World Trade Centre. Also at Victoria Concert Hall and the Singapore Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at
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    • EPICURE
      • 814 32  -  Jaime Ee picks up some tips on how to prepare Thai food at the Bangkok Oriental's cooking classes Jaime Ee I SUPPOSE it sounds stupid to say that if you want to eat really good Thai food, you go to Bangkok. But it's true.
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      • 589 32  -  Bon Appetit By JAIME EE TANGLIN MALL seems to be drawing the food crowds these days, evqf since various new restaurants started opening their doors. Patara, the mall's new Thai restaurant, must be one of the favourites, judging from the level of activity there one
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      • 790 32  -  Wine By N K YONG I BELIEVE it was a French philosopher who said that the greatest disorder to the mind is when you believe that things are so because yoji.wish them so. •you see quite a lot of this in the wijhe
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    • Article, Illustration
      1027 34 Blindfold: Acts Of Obsession. A married couple try to keep their life exciting. Shrink Judd Nelson tells them to act out their erotic fantasies. R(A). Yangtze: 12am today and tomorrow. Chinatown: 6.45; 9. Bugis Street An innocent Malaysian girl (Hiep Thi Le, Heaven And Earth) loses her job as
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  • Page 23 Advertisements
    • 199 23 JUST DESERTS Legal discourses In digestible portions. The Law Page. Every Thursday. o m' Business Times ■WJ!W ■JWIUfIHB BUM Jlllll ITBiiMB ■iIMJIIHB qtmtjtpicob GENEVE I xij-L.•- > 13fiti The Automatic The Automatic The Hand-Wound Calendar. tower Reserve. Chronograph. I The Firshire Collection by Paul Picot. A Perfect Embodiment of Time.
      199 words

  • Page 24 Advertisements
    • 568 24 yOLL—FRRB TKI.,. No. 1-800-741-1883 FAX-.741-1298 UQUOR LICENCE NOTICE Notice is Hereby given that, I Teo Tai Hong of 29 Poh Huat Drive Singapore 1954 have applied for a Public House, Second Class Licence in respect of premises at M/s Soon Hong Eating House at 17 Woodlands Link, Singapore 2573 ,and
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  • Page 24 Miscellaneous





  • Page 29 Advertisements

  • Page 30 Advertisements
    • 122 30 The Zenith Rainbow Collection W -"n .U--- I- >»yor J 1»-■ ■17-1111 Fj.n.. t jlewav Trf 232WU1 Cortina Watt* C«wtr» P>« ltd WH-3* Rafftes City 9»oppinK Cgntn; Td 33W185. KM '%MJW ,la,'.'' ''> 32 Luck yriaiaTd ITWUM D*lu**Fa.»«c«iWa»d»P»«Lld«>l-18/20C.en«rep«.in«Td ****** J«w«ll«ry IndustnwtSl P»« L»d «4 Alexandra Terrace JISBId* (OH Tasir Wuii
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  • Page 32 Advertisements
    • 26 32 HI6H STAKES Don't get shortchanged, go for a coverage I I V you can bank on ~Jh Financial News. Everyday. SINGAPORE f 1 Business Times wtDtomAOA
      26 words
    • 64 32 I JPI < /JuMtJtyy or «=tr /on© Pi* I*3 BOOK NOW for the KTV Rooms special promotion (For reservation please can *****36) Company Party Product Launch Dinner Dane* or just anything you can imagine We got everything you need to make your event a memorable MUSIC ZONE The Entertainment Zone
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    • 417 32 WHERE TO WINE, DINE AND ENTERTAIN ift, A Jfosters g Hlmlßl Olde English Eating House Mi y' 4 277 Orchard Rd #02-38 Specialists' Centre Singapore (0923) A LUNCH SPECIAL H Mushroom Pie fl Valid Mon-Fri except Public Holiday jfc DEVONSHIRE CREAM TEA B (Served from 3pm-6pm) Oven hot scones with
      417 words

  • Page 33 Advertisements
    • 1000 33 No.' lin the .USAi where to wine, dine and entertain DIALECT HI-TEA XlZ^^y Whether you're fluent in many languages or just one, you'll have no problems appreciating our new weekend Dialect Hi-Tea selections at Cafe Plaza. Savour an array of dialect delicacies and tempting desserts. If that's not enough, our
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    • 260 33 This Secretaries' I Ask Your f Secretary f To Leave. Because you could be giving her a holiday package for 2 to I Australia, a cruise to Penang or a weekend stay for 2 with I American breakfast at Mandarin Singapore. She'll also stand a j chance to win lots
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  • Page 34 Miscellaneous
    • 2264 34 TODAY'S TV 7.30 Berital2(M). viam SttamrtPi® Miliysia. Ceria: Dendang Remaja, Inquiring Minds, 7pm, Ch 12 8.00 2000^. 10 30 Mk 4.00pm, Ch 12 Why do some men go bald and Our Choice). 11 3 Superboy. This is the movie Fame as in- others don't? Why do leaves 10.00 Asian Wall
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