The Business Times, 13 April 1996

Total Pages: 24
1 24 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 04CY12/95 Internet: http://www.asial.com.sg/biztimes SINGAP ORE WEEKEND EDITION, APRIL 13-14,1996 85*
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  • 560 1  -  Independent panel finds that he foiled to inform board of developments abent Indian project ffyi Conrad Raj [SINGAPORE] Scotts Holdings last night confirmed the resignation of executive director Iqbal Jumabhoy after an independent committee appointed by the Scotts board found that he had Sailed
    560 words
  • 222 1 NYT [PARIS] Under Intense pressure (Tom the United States, the world's richest nations have taken an important step to fight corruption in international business dealings by agreeing that bribes paid to foreign officials, often listed as commissions or fees, should no longer be tax
    NYT  -  222 words
  • 398 1  -  By, Ang Wan May A MALAYSIAN princess is suing Singapore businessman Ong Beng Seng and former US National Security Adviser Richard Allen over a Planet Hollywood franchise. The celebrity restaurant chain is going for a listing in the US later this month, and the
    398 words
  • 493 1  -  SatimpMpatrikM call option deal which, if exercised, will raise its stake to over 32% By < Genevieve Cua [SINGAPORE] Indonesia's Salim group, the largest single shareholder in listed food group QAF, has entered into a call option agreement for
    493 words
  • 292 1  -  BitiaiacMaMdfiß Uit hour «f trading to 4MJMpta,jast&B4 paint higher than Thursday's daw From Ho Kay Tat in Kuala Lumpur THE Kuala Lumpur Stock Exchange (KLSE) second board index smashed past the 500point barrier for the first time yesterday morning but felled to hold
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  • Page 1 Advertisements

  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • 714 2 Those polled for their views on the Singapore stock market's outlook in the week ahead are: ING Barings, Daiwa, Fraser Securities, GK Goh, Deutsche Morgan, Nomura, Credit Lyonnais, Phillip Securities, Merrill Lynch. ST Capital ST Capital's attributable earnings are expected to grow at a compounded rate of
        714 words
      • Article, Illustration
        385 2  -  Yeo Boun Hang (Mil lif lull lataraatfcaal 4<TJ AVE you ever won|~l dered why proflt--11 able companies sometimes see their share price Call when they report yet another good year? Conversely, a loss-making company may draw seemingly undue attraction when it reports a small profit. The term
        385 words
    • 951 2  -  Analysing various markets, renowned private trader Robert Krausz has this to say about Singapore's: If s dangerous By Paul Leo [SINGAPORE] WORLD-re-nowned private trader Robert Krausz had these foreboding words after studying the Strait Times Industrials Index this week: "A dangerous (Singapore) market." "There is
      951 words
    • 573 2  -  BTB OV THB REGION: HONGKONG Fronv Quak Hiang Whai in Hongkong SIGNALS are mixed on the direction of the Hongkong bourse, after an encouraging first quarter. The Hang Seng Index Qlitked u*3£ft.per dbit gain.investwSSS^&iSSS^»me positive domestic indicators hard to absorb. Also disturbing is the
      573 words
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    • 455 2  -  By\ Shahiron Sahari [SINGAPORE] After IS consecutive months of decline, the Business Times Golf Index finally showed signs of an upturn in March, rising 2.38 points to 208.16. This is the first time the market has gone up
      JEN CHUA  -  455 words

  • SINGAPORE AT HOME & ABROAD
    • 515 3  -  BitttPfeijjuigline will cost $285 m and be ready by 1999; im land acquisition needed Byi Christopher Tan THE first light-rail transit line to complement the MRT network will be built at a cost of $285 million by a consortium led by Keppel Integrated Engineering (KIE).
      CHRIS LOH  -  515 words
    • 251 3  -  BltMOMttJ plan will be hard to implement By i Chuang Peck Ming THE foreign business community in Singapore yesterday welcomed the move by the world's richest nations to fight corruption in international business dealings by agreeing that bribes paid to foreign officials often listed
      251 words
    • 282 3  -  Potential sellers heartened by news of fresh incentives Teo Sim Ee THE phones threatened to ring off their hooks at eight housing agencies yesterday as three-room Housing and Development Board flat owners hogged the lines, hoping to sell their units back
      282 words
    • 221 3 LOCAL firm August-Kennedy Consultancy Group and Australia's Port Kennedy Resorts will put about 40 villas and 20 apartments at Kennedy Bay Resort in Western Australia up for sale here today. The units start at A 5275,000 (*****,250), August-Kennedy chairman Ng Jul Ping said
      221 words
    • 83 3 THE Economic Development Board yesterday launched Singa-pore-Careers, a Net Web site offering job-hunters on-line access to career opportunities in the manufacturing and services sectors. The 50-page Web site, part of the EDB's International Manpower Programme to recruit international talent for Singapore's burgeoning job market, targets
      83 words
  • Page 3 Advertisements
    • 151 3 BUSINESS TIMES IiHDuIfIEI^9DEBB9HIHIBiUDDDEHDDnHBSHnDUDHBnunHIfI9EfIHIi gm TL-.t^to*.—. H-^UU^ grown fl PART 1 TT* time pid—a portray a typical soane ci Compaq oomputatt being used nH yc*l oouU m cmiMiig Ae Interact or ahartng a »~-J- N WWIM -*JucZ£D£TK>. pm». Youjyill also wm HJHA Piduta Q Place ""l"'-' Compaq Faacinating? Bf m T
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  • REGION
    • 309 4 JAKARTA Multilateral treaty mi direct foreign investment weald have serious consequences, it says Bernama THE Asean Chambers of Commerce and Industry (AseanCCI) has warned of wide and serious consequences of the multilateral investment treaty and competition policy proposed by developed countries. "We
      Bernama  -  309 words
    • 304 4 BANGKOK The Straits Times AFP THE Thai armed forces have announced a reshuffle involving over 350 officers, perceived to further strengthen Defence Minister Chavalit Yongchaiyudh's position in the military. The list 0f368 namee Oi colonels and higher positions was announced late
      The Straits Times; AFP  -  304 words
    • 232 4  -  HONGKONG^ Byi Quak Hiang Whai HONGKONG does not need "unfettered competition" in its aviation industry but strong focal carriers to ensure the territory remains a key aviation hub in the 21st century, the chairman of Cathay Pacific and its controlling parent John
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    • 48 4 [BEIJING] Chinese sculptor Far Yinghai (left) and designer Tian Changqing putting the finishing touches to a huge Coco-Cola bottle in Beijing yesterday for a sculpture exhibition at the Atlanta Olympic Games. The bottle will be sent to Atlanta, the soft drink maker's headquarters, next week. REUTER
      REUTER  -  48 words
    • 321 4 KUALA LUMPUR AFP MALAYSIA'S trade deficit widened to M 59.2 billion (555.14 billion) last year from Ms 2 billion a year earlier due in part to imports of aircraft and ships, the Statistics Department said yesterday. Malaysia purchased 12 large commercial aircraft
      AFP  -  321 words
    • 290 4 KUALALUMPUR Reuter MALAYSIAN opposition leader Razaleigh Hamzah said yesterday he will consider returning to Prime Minister Mahathir Mohamad's party after a nine-year hiatus if it could improve national unity. "We're working for unity," Tengku Razaleigh, president of the Parti Melayu Semangat *46, a
      Reuter; REUTER  -  290 words
    • NOTE Book
      • 61 4 ANT (BEIJING) The Chinese army has opened a television production centre here with the goal of broadcasting four hours of programmes daily, the Army Daily said yesterday. The move ind Icates that the People's Liberation Army (PLA) intends to play a more important role in
        ANT  -  61 words
      • 69 4 AFP [MANILA] US-based investment bank Salomon Brothers has forecast 5.5 per cent growth in the Philippines' 1996 gross domestic product. The bank said in a report received yesterday that it expected a rebound in the agricultural sector which recorded a dismal performance last year
        AFP  -  69 words
      • 61 4 Reuter [CANBERRA] Australia's conservative government, seeking AsB billion (ssB.B billion) in spending cuts, is considering hiring private contractors for some services, the Australian Financial Review newspaper said yesterday. Departments are studying contracting out services such as public relations and recruitment in a bid to
        Reuter  -  61 words
    • 375 4 ■HONGKONG Policy adopted to allow for convenient travel, says La Ping AFP Reuter A SENIOR Chinese official assured six million people in Hongkong yesterday that they could keep their foreign travel documents, including those issued by the British government, after the
      AFP; Reuter  -  375 words
    • 191 4 JAKARTA AFP BANK Indonesia (BI) Governor J Sudrajat Djiwandono warned about the country's swelling current account deficit, which was estimated at US$7.9 billion (5511.12 billion) in March, reports said yesterday. "The increase in investment and consumption have propelled imports that increase our account deficits,"
      AFP  -  191 words

  • REGION/WORLD
    • 568 5 SEOUL KtaYwagSun declares victory; Kim Dae Jong's chances in presidential polls mw in doubt AFP Reuter SOUTH Korean President Kim Young Sam declared victory yesterday in parliamentary elections which dealt a humiliating blow to opposition leader Kim Dae Jung.
      AFP; Reuter  -  568 words
    • 357 5 PARIS Biggest of six accords OKtOHis Sintcbffm import of oil from Elf AcqniUine Reuter CHINA signed more trade deals with France yesterday during Prime Minister Li Peng's controversial visit, marked by human rights protests and a diplomatic incident with the French government
      Reuter  -  357 words
    • 386 5 BEIJING If osports continue to slump, China may fcnlmurimy, say economists Bloomberg Business News CHINA reported a US$l.l5 billion (Ssl.6 billion) trade deficit in the first three months of the year as exports slumped and imports of crude oil and grain surged. Total
      Bloomberg Business News  -  386 words
    • WORLD Watch
    • 303 5  -  TOKYO By Anthony Rowley THE Japanese government yesterday approved a series of bills to deal with financial institutions that have failed since the bubble economy collapsed as well as others that are not expected to survive much longer. The proposed legislation means that
      303 words
    • 63 5 [LONDON] Is itagravity<kfying stunt orjust a means of using gravity to get the hair growing? James Oldham, 51, was seen demonstrating on Thursday the'lnverter', which he has used daily to help him win the Hair Grower of the Year award. Afr Oldham claims he has re-covered 50per cent
      AFP  -  63 words
    • 194 5 LONDON Reuter BRITAIN'S banking supervisor the Bank of England (BOE) said yesterday it had extended the scope of accountants' reports on banks and increased its flexibility to commission such reports after the Barings scandal. BOE said it was making the policy changes to meet
      Reuter  -  194 words
    • 298 5 WASHINGTON Bloomberg Business News PRICES Americans paid for goods and services row tester than expected in March as energy, food and transportation costs soared, Labour Department figures showed yesterday. The consumer price index, or CPI, rose 0.4 per cent last month. That* s larger
      Bloomberg Business News  -  298 words
    • 337 5 LONDON AFP A STUNNING Labour Party by-election victory yesterday left Prime Minister John Major with a perilous single-vote parliamentary majority amid speculation that general elections could be forced before year's end. Tory party chairman Brian Mawhinney insisted the government could survive until May
      AFP; REUTER  -  337 words
  • Page 5 Miscellaneous
    • 60 5 DOOKBSBUUYBy Gary Trudeau ftjp'ac' KAfjr j( 1 V !*&*>WHO6BeeHTOLP I )CX/WAK I ZITHER Ml 1 LA W J2£?t I <22? I I UJSLL, 1 GUES&TOHRB .1 yEAH.I THINK M ijISo/slT^^r mPO&WUR.FRJ6MP HIS&RLFHeHP.mz ••-1 BA&CALIX |'l TAIK/N6TD f mR£ALL/7H/NKISTH£ HCTT FAfcTHffT SOMGONB ™fl RW n?ATJUGH IP LI 4 ZJJSt \\*M)A6Mi\ WfV6HTTHING
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  • COMPANIES & MARKETS
    • 314 6  -  Mova ctflios four maths altar company raiaod $150 m through a bondiasao By, Agnes Wee (SINGAPORE] Just four months altar raising $150 million through a bond issue, Orchard Parade Holdings (OPH) wants to raise more money. Yesterday, it proposed raising up to
      314 words
    • 135 6 [SINGAPORE] The Stock Exchange of Singapore has gone on the Internet. Its SES Home Page on the World Wide Web, launched yesterday, makes it one of the first stock exchanges in this region to be on the Web. According to the SES,
      135 words
    • 243 6 [SlNGAPOßE] Singapore Pinance Ltd will raise between $65.3 million and $77.4 million from a renounceable rights issue. The proceeds will be used as working capital for the expansion of the company's operations. SFL said yesterday one share will be issued for every
      243 words
    • 217 6 Bloomberg Business News [SINGAPORE] Singapore Airlines Ltd, the national carrier, said it was in talks to sell five used Boeing 747-200 aircraft to two buyers. "We are now in the process of negotiating the sale and purchase agreements," spokesman Rick Clements said in
      Bloomberg Business News  -  217 words
    • 792 6  -  HOCK LOCK SIEW Rahita Elias SINGAPORE'S shipyards had a tough time last year. All the Big Three yards, which announced their results last month, saw their already thin margins pared further. For instance, Keppel Shipyard's operating margin fell about three percentage points to
      792 words
    • 356 6  -  Price increase current climate for prime properties By] Michelle Low [SINGAPORE] Taking advantage of the current favourable climate for prime properties, DBS Land has upped prices for unsold units at its already pricey Aspen Heights to $1300-11,450 per square foot.
      356 words
    • REGIONAL COMPANIES
      • COMPANY Briefs
        • 71 7 {SINGAPORE] A group comprising Singbus Land, First Capital Corp (ICC) and Technology Parks has secured the tender for the lease 0f60,000 sq mof industrial land in Kaki Bukit FCC said yesterday that the Urban Redevelopment Authority accepted the group's tender of $78 million on Thursday.
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        • 69 7 [SINGAPORE] New Straits Times Press Bhd has paid million baht ($2.9 million) for a near quarter stake in Business Day Company Ltd. the owner of Thai daily Business Day. Singapore Press Holdings said yesterday the move diluted its stake in the Thai company to
          69 words
        • 63 7 [SINGAPORE} Sime Singapore subsidiary Technochem Manufacturers yesterday signed an agreement with SD Holdings Berhad to supply waste management and environment-related services and equipment in Malaysia. Technochem will own 30 per cent of Sime Technochem Sdn Bhd, which will have paid-up capital ofMs2£ million ($1.4
          63 words
        • 43 7 [SINGAPORE] Thakral Corporation subsidiary Shanghai Thakral Electronics Industrial Corp and Beijing Hualu hforth Electronics Co Ltd have formed anBo-20venture to market, develop and service "Panasonic Hualu" brands of video cassette recorders and players. The venture will also
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        • 31 7 [SINGAPORE] Rng Wah Organisation has formed a subsidiary. EWO Food Concepts Pte Ltd, to operate food courts and snack counters at cinemas it owns or operates.
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      • 262 7 Reuter [KUALA LUMPUR] Haulage company Diperdana Corp Bhd said yesterday that a "substantial shareholder" is in the midst of talks on the sale of its entire stake in the company. The company said that no formal agreement has been reached
        Reuter  -  262 words
      • 467 7  -  Company has effectively gained control of TVE with the clearance of this last major obstacle From Quak Hiang Whai in Hongkong ROBERT Kuok's South China Morning Post (Holdings) has effectively gained control of TVE Holdings after clearing the last major obstacle by obtaining
        467 words
      • 256 7  -  Majority stake in Metrovision Channel 8 to cost Ms63Jmcash From, Ruth Wong in Kuala Lumpur ARAB-Malaysian Corporation Bhd (Amcorp), a diversified group controlled by banker Azman Hashim, is proposing to buy a majority stake in Malaysia's second private television channel, Metrovision
        256 words
      • 363 7  -  By Teh Hooi Ling (SINGAPORE] Electronics subcontractor Uraco Holdings yesterday reported a 23.2 per cent rise in interim group net earnings to $6.98 million, mainly due to tax savings. Tax charges shrank to $260,000 from $1.05 million a year ago as
        363 words
      • 119 7 [SINGAPORE] Listed Tuan Sing Holdings said Sin Soon Lee Realty Co Pte Ltd exercised an option yesterday to purchase a warehouse from Tuan Sing's whoUy owned subsidiary, Megaton Property, for $42.5 mUlion. Megatron bought the property in September 1995 for $32.5 mUlion. The
        119 words
      • 223 7 [SINGAPORE] Lum Chang Holdings will seek shareholders' approval for revisions in a restructuring of subsidiary LC Hotels' share capital. Under the new structure, part of the investment in LC Hotels wiU comprise $50 million equity. Ecics Property wUI be allotted 40
        223 words
      • 270 7  -  But company is reviewing strategy to reduce inventory risk, says chairman By Jennifer Lien CREATIVE Technology yesterday denied a news agency report that it would soon stop making CD-ROM drives. It added, however, that it was reviewing its CD-ROM drive strategy to reduce inventory
        270 words
      • 169 7 [SINGAPORE] Mainboardlisted Low Keng Huat (LKH) Singapore has secured a U5525.9 million (5536.46 million) construction contract from Singapore developer, the DBS Land group, to restore and redevelop the landmark Royal Hotel in Phnom Penh. The project is due to be completed in
        169 words
    • INTERNATIONAL COMPANIES
      • 535 8  -  Mere te advance schedule by a year may spar SIA to bring forward its launch rfinflight gaming By, Ang Wan May [SINGAPORE] British Airways (BA) said yesterday it will install gaming systems in its fleet of 90 long-haul aircrafts
        535 words
      • 335 8 Eandapknrtlij price drop of 30-50% for DRAMs Bloomberg Business News [DALLAS] Texas Instruments Inc said its first quarter net income fell 29 per cent, more than Wall Street expected, blaming sliding computer memory chip prices and declining licensing revenue.
        Bloomberg Business News  -  335 words
      • 338 8 Reuter [NEW YORK] In a year of corporate downsizing and layoffs, CEO salaries rose an average of 30 per cent, Business Week reported on Thursday. The weekly magazine said in its April 22 issue that chief executive officers (CEOs) on
        Reuter  -  338 words
      • 223 8 Move will give US giant greater say; help steer Mazda back into the black Reuter [HIROSHIMA] Ford Motor Co will boost its stake in Mazda Motor Corp to one third in a move, the Japanese car maker said yesterday, that was aimed
        Reuter  -  223 words
      • 107 8 Reuter [F*RANKFURT] Deutsche Telekom AG said on Thursday it was exploring the possibility of making a takeover bid for Cable and Wireless pic, a move likely to complicate British Telecom's efforts to buy the group. Deutsche Telekom finance chief Joachim Kroeske said the company had made
        Reuter  -  107 words
      • 193 8 Reuter [PONTIAC, Michigan] General Motors Corp, moving to cut inefficient parts operations, said on Thursday it will close an automotive generator plant in Georgia and try to sell all or parts of four other North American components factories. GM said it will
        Reuter  -  193 words
    • SHIPS IN PORT
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      • 1447 8 HECPVWC OF DffOtT FCl COWTAIWEtS AMP LCI CAIKO SM» ¥ty Etyttr Nft* Fm to (Urn OOA 0/BM M I2/B40 B/MM B/ltO* *»*w mi wm i am Mm mm a u/1500 i2/*» 12/woc U B/RW OMMI 0/0*00 a em imw tvtteo i ivotoo a/m iwm ivboo nm «m «n
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    • FINANCE & COMMODITIES
      • 386 9  -  Bank pledges not to take over any financial institutions and to compete with rival* in fair manner From Quak Hiang Whai in Hongkong THE Bank of China yesterday pledged not to take over any financial institutions in Hongkong after the handover next year.
        386 words
      • 237 9 Reuter [TAIPEI] Taiwan's cabinet has approved a proposal to strengthen and streamline su-' pervision of the island's financial institutions, which reported more than 10 cases of heavy runs since early last year, the Finance Ministry said yesterday. The cabinet has ordered the ministry
        Reuter  -  237 words
      • 431 9 ÜBS sees move as bid to bully it Into a deal on eve of possibly nasty AGM NYT [LONDON] The Union Bank of Switzerland on Thursday declined to pursue merger discussions with rival CS Holding, the financial services company that operates Credit Suisse
        NYT; REUTER  -  431 words
      • 178 9 Bloomberg Business News [NEW YORK] J P Morgan Co's first-quarter earnings rose 72 per cent and handily beat analysts' expectations as trading profits surged. Yet its stock dropped because investors are pessimistic about a repeat performance. J P Morgan shares
        Bloomberg Business News  -  178 words
      • 255 9 Bloomberg Business News [BEIJING] A senior Chinese banking official said China will let the market determine its currency's value, following a newspaper report it plans to devalue the yuan. "Exchange rates are decided by the swap market in Shanghai," said Guan Tao,
        Bloomberg Business News  -  255 words
      • 482 10 LnriUckftfM ui til trigger rally bat gtUud key MwrtHol nif li raßAin sobdofld Reuter [LONDON] Soaring prices for grain and crude oil are reigniting a mid-1980s boom in world commodities. The key industrial metals, however, have yet to Join the latest rally.
        Reuter  -  482 words
      • 310 10 MnrMitosad ccoflkt >wr ck&rges tkatUsyfsfiriMta dlsdsse risks folly AFP [WASHINGTON] US state securities regulators and Lloyd's of London mount a fresh effort this month to end a conflict sparked by charges that the British-based insurance giant failed to disclose the ftill
        AFP  -  310 words
      • 405 10 UBs/mark: The US$/mark traded within a tight range on Monday before surging to 1.5070 on Wednesday, a 14month high. The technical outlook favours the upside, as a bullish triangle pattern with an objective at 1.5389 is seen on the daily chart. The neckline value of
        Source:  -  405 words
      • 277 10 Reuter [PHUKET] A leading Thai rubber exporter called yesterday for joint action by rubber producers to blacklist Chinese buyers who default on purchase contracts as prices firm. "With defaults and nonperformance of contracts so frequently and easily occurring, there is
        Reuter  -  277 words
      • 283 10 NYT Bloomberg Business News [NEW YORK] In an aggressive diversification move away from usual mutual flind business, Fidelity Investments agreed on Thursday to acquire a Broadway Seymour Inc unit that provides back-office operations to bank trust departments. The US$35 million (5549.3 million)
        NYT; Bloomberg Business News  -  283 words
      • 239 10 aimn* Report Reuter (SINGAPORE] Simex Euroyen futures made a healthy recovery from their early lows to end higher as comments by a Bank of Japan official prompted some late short-covering. After being sold off early in the day on a Johnson-Smick report that the
        Reuter  -  239 words
      • 165 10 Reuter AFP THE dollar was steady as sterling shrugged off a crushing by-election defeat for the British Conservative government. At 1555 GMT, the dollar was being traded at 1.5018 marks from 1.5025 on Thursday. It was at 108.55 yen from 106.46 and 106.60 overnight in Tokyo, where it
        Reuter; AFP  -  165 words
      • 321 10 ENERGY REPORT Reuter [LONDON] A raUy which took oil prices to their highest levels in more than five years on Thursday paused for breath yesterday but the markefs uptrend remains intact. Though profit-taking lopped about SO US cents off oil prices yesterday, a bullish
        Reuter  -  321 words
      • Article, Illustration
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        1,052 words
    • 905 11 ■wwaFHTUm Apr l 59&2fi5£** 4a u a > WICNUKKImMAD Qsm Mat Om 5S! iwr fctt <1—t) fcfcmt 5" ts as M ss S&s ss S SSS W u» tui ntS mS5 as sen 3M g 2MB Zm £5 Sh go gjfcc* 07J® OT.O© QUO «00 NOT iSXHS mj0
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    • 1443 11 Reuter □mas -33J« SHARES ended little changed, consolidating large gains made over the past few weeks. Brokers said the market would remain firm in the near future on the back of strong demand from domestic and foreign institutional investors. The 225-share Nikkei Average finished off 33.96 points to close
      Reuter  -  1,443 words
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      1,502 words
    • Article, Illustration
      1434 12 AFX-Asia PHingSwg -4177 STOCKS closed lower in a session of volatile trading of US March CPI data due out later yesterday. The Hang Seng Index closed down 42.77 points at 10,849.80. Turnover was HK14.28 billion. Dealers said flnancials and utilities posted modest gains. "Despite all the uncertainty coming from
      AFX-Asia  -  1,434 words
    • Article, Illustration
      536 12 Reuter PShaaghaißhigf -1M THE Shanghai B market ended almost unchanged in quiet trading with most investors staying on the sidelines, waiting for major companies to post their 1995 annual results. The B Index edged down 0.01 point to 50.10 on volume of 5.2 million shares worth US$2.B million. Shanghai-listed
      Reuter; Source:  -  536 words
    • 312 12 AFP QwPMn *33m STOCKS surged 4.1 per cent to a one-year closing high as investors bought stock in anticipation of short-term gains. The Weighted Price Index rallied 232.56 points to 5345.06, the highest finish since April 24,1985. Turnover was 2.7 billion shares worth NT$lOl.l billion. Risers beat foils 299
      AFP  -  312 words
    • 272 12 AFP PMttfla -175 STOCKS fell on profit-taking. The Composite Index eased 2.75 points to 2,987.49. Turnover was 4.8 billion shares worth &2 billion pesos. The market indicator dropped as much as 14 points during the day but recovered as investors bought banking issues, among them indexlinked Metropolitan Bank and
      AFP  -  272 words
    • Article, Illustration
      618 12 AFP +L7l I SHARE prices closed higher after late buy orders for selected stocks lifted an otherwise lacklustre market "The market might look flat, but last-minute indications suggest Jakarta is gaining strength, compared to the regional trend," a dealer said. The Composite Index rose 1.71 points to 607.06. Turnover
      AFP  -  618 words
    • 297 12 AFP BjOf win Mi ♦aus SHARE prices soared 2.4 per cent following the ruling party's declaration of victory in parliamentary elections. "Investors seemed relieved at the election outcome," said a trader, adding that no drastic change in the economic picture was expected with the ruling New Korea Party's control
      AFP  -  297 words
    • 552 12 AFP HiflONhtriii +114 SHARE prices rose as international and domestic investors ignored a sagging Wall Street and poured ftinds into the local resource sector. The All Ordinaries Index rose 12.4 points to 2J2A72. The All Resources Index gained 24.6 to 1,465.1. Turnover was 319.6 million shares worth A$BS4.9 million.
      AFP  -  552 words
    • 251 12 Reuter Pwdtt»M -m FLETCHER Challenge Paper made a stand-out gain to keep the market largely buoyant yesterday, the NZSE-40 Capital Index dipping only 2.29 points to 2,137.66 (mi turnover of NZ$6l million.—Reuter «fh m v- rmm AM2 Banking 4.75 uncti ***** MvantajaiHMfi 172 »00» ***** Ak»—2num(AJ 170 0.02 ******
      Reuter  -  251 words
    • KUALA LUMPUR STOCK MARKET
      • 7207 13 KOALA hXHtPUßßeports Bloomberg Business News Reuter QOnpoiitßbiß ♦113 STOCKS rose, led by Country Heights Holdings, as investors bid up the property stock on its profit potential. "The company's earnings will be driven strongly by some high-profile projects like its College Heights education township for
        Bloomberg Business News; Reuter  -  7,207 words
    • WARRANTS&OPTIONS
      • 3268 14  -  WARRANT WATCH By\ R Sivanithy ONE valuable lesson to bear in mind when playing the warrants game is that often, it makes sense to pay a high premium depending on the price of the warrant in absolute terms and sell when the premium gets
        3,268 words
    • 1741 14 1 iff* _VM Oo* LaMQaaOa H» W IM MCap W» Urn Mm Ciwpmy BoM COCOI M0k L— Bayw OaPar Cvr P/K %m* tB 4M MM AIM 90c SB -S MM M H M it U MS Jill ,2 2" *Jf* 50e W« tt U U U Si UO
      1,741 words
    • STOCK EXCHANGE OF SINGAPORE
      • 358 15 jf i 01 i '111 j m SS 2SLmm» -v t* mm it»«WW hmii •TMII HMITHI -4NM MM SIMM M» m MM 8 MM »UI *M «M «tmnNH WW S Ml Of MM *M WMMH WiM Mil KK KM HLM MM NKN OUT HII MMMt MTM* «M» M* Ml Mi
        358 words
      • 4091 15 II 8r <WM lm» «W My UWWnOa M* 0* VM MM CIJ to; toy U» WW finally ten COOO> Ht» U» —yar SaBar cw W »mB MtoMNHHMnMMH£iiNMi i SM* AMNT3W200 US- 2M MS 12M AcarSOc USWI unch 43 WS 181 W1 W4 S*N 13 10 U 299-* 4H
        4,091 words
      • 720 15 MM Laat Ml Mr t—MMi Mr Mr VM M Ca M| MM MM Clin Ml WW H» L— CNr W MWw KSMft 209 234 2000 AMHHfik 2414 2« 2H U IU 0J MO MX7 >40 234 TO 2001 »*—fcllJOt TO -4 4 WO TO t40 TO 44.9 M4 97
        720 words
      • Article, Illustration
        70 16  -  By Paul Leo SHAIW gains aver the tost two days hove brought Lmtg Huat Aluminium into the overbought region. But the/kmday moving average Um has Just crossed the I&day moping average line firm beiow, signalling a bull trend M&ht be tn the works. Average Directional Mfxmmttt Index U
        70 words
      • 866 16  -  STOCK MAMQTT OOKMBIVTAKT Malaysian second-liners benefit from speculative piny tf Mm ghipa andi investors'indecision By R Sivanithy [SINGAPORE] With Wall Street showing signs of strain, blue chips here and throughout the region were mainly weaker yesterday, leaving Malaysian second-liners the main beneficiaries
        866 words
      • ON THE GRAPEVINE
        • 128 16 rrs an open secret that Lum Chang's Club Street project is one of the hottest properties yet to be launched. A businesswoman told us yesterday that a real estate sgent had asked her to give her a blank cheque for Emerald Garden, the name
          128 words
        • 141 16 IS a big property deal in the works? A young lawyer known for his involvement in such deals was seen on Thursday night passing a cheque to two well-dressed women who tooked Taiwanese. The exchange took place in a five-star hotel. According to some eyewitnesses, this man-about-town spent
          141 words
        • 102 16 A SILICON Valley radio poll found that women who use Apple's Madntoah operating system are better looking than those who use Windows. One iiefiiwHn that the explanation is simple: Mac is simpler to use, and thersftxre women who use It have mors time lo look aftar themsehres.
          102 words
        • 107 16 SHAKESPEARE wrote about the seven aiN of man. Gerald M Loeb wrote abodt the five ages of an investor in l*e Bettkjbr Investment SurvtvaL At the minor stage, parents who can should aet up a truat for their children. Young people up to age
          107 words
  • Page 6 Advertisements
    • 149 6 guide I HoMay^^|S^^^^^Miyloai^ I II lIIh I ,or budd n 9 I wrTted I lllfljlllj I audiophiles executive pnrt fcny I Take up a 2-year subscription to Singapore Business and receive this smart Braun Buffel leather passport holder worth $50. Newsstand price: $4 per copy 2-year subscription rate: $80 for
      149 words

  • Page 7 Advertisements
    • 164 7 ShoppyCafrßi »01-23Td:3J»H8» m\ ffiQSINGAPORE WOODCRAFT MTC CO FIT LTD ll* MB""* Showroom: MulH Cotour Furmmw Btdp. 0 5 30 Alexandra Teaace QtQODEffIDBISO Tel: 474 0389 Bmln—iHw: 10.30afTvT30pcn J® 5 «*.*iBtowCentre#o3-01 Tel: J rr s PBBBqg j i KflS^WNhßiipUnMDol $41 g tin J B 9 ji 24 ft Blk 261 Bubn
      164 words
  • Page 7 Miscellaneous
    • 347 7 the weather Bhp«m Showers over several areas in the afternoon. Temperature (32-25) HVLtf* Oh& Praia WUUf OML lnrlnn B/U* OML Aurldaud IVIJ Rail Aasterdan) 11/07 dandy AtaU 27/17 Cloudy 36/24 Cloudy Ahem 19/11 (Toudy Bueno* Am W\t Showers Wjtag 17/D8 Cloudy Berts 12/04 (V>ud> CMan «7/tl Rata B«u*«y Cloudy Bom
      347 words


  • Page 9 Advertisements
    • 171 9 r .k 'J ——mmmm—■ L y-. SHfIaYOUR STAFF OUT FORfl SUTOAY"" lk e walk is the perfect occasion for a staff get-together. And an invigorating one too. There are also loads of ■||A MMLI I# |#fc£ prizes for fast walkers as well as lucky participants. One of you might even
      171 words



  • Page 12 Advertisements
    • 197 12 FOR THOSE WHO PLACE QUALITY ABOVE ALL YOUR TIME H«S COME! Enhance your image. Promote your business. All in the name of quality. Call us, well show you how. Tang Ngai Kin 740 2085 (pg 9301 9320) Serene Cheong 740 1609 (pg 9408 0305) ♦The Thai stock market was closed
      197 words

  • Page 13 Advertisements
    • 209 13 GET KEY INFO sx vr mmemmEmsnESßißE^mm -1.4 L Vy profits set to bloom with Blossomvale condo Name: AM regional exposure in industrial parks <H> (0> 1 B\W n« I I L«II l IV L m nDe Reports Ordered: Wing Tai a STIC a DBS Land Guthrie GTS \AJ UVI HjtVVIVSI
      209 words

  • Page 14 Advertisements
    • 43 14 SMOOTH AS SILK TO BANGKOK Travelling to Bangkok? Fly smooth as silk on Thai CIY* TIMES DAILY SiX times dai,y En i°y gourmet food, vintage French wines and a standard of service that's I famous the world over. j Thai. Smooth as silk.
      43 words


  • Page 16 Advertisements
    • 415 16 BUSINESS Notices I(> \I)\IKII s i; I I I'M i-ii< I i ls(I(I 7 4 l Is s < LUM CHANG HOLDINGS LIMITED (Incorporated In the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at
      415 words
    • 110 16 aircraft rsmres CORPORATION f*IVATE LOOTED (la Mfbm* RjMf UgtjjM NOTICX OF fINAL MUTING Nodes to kotobjr |i«M parmM I* Sodtoa MS of dM OtapaMaa Ad Qy Mitonß-IHiUhidMllirtw of tho Coapoay will bo hold al 3 SIMM Wqr *16-01, UIC jj% "j MMOt, oa 14 May 19W M acaoaltoMlifcii iwlntw fcrtiiaad
      110 words
    • 11 16 4 vji. Wtwy Decor I. For people who love their homes
      11 words
    • 489 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF SAPHOLO PTE LTD (In Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 30, that a Final General Meeting of the abovenamed company will be held at
      489 words
    • 189 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF ALWAYS CAR RENTALS PTE LTD (In Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of die Companies Act, Cap. 50. that a Final General Meeting of the abovenamed company will be
      189 words
    • 301 16 IN THE MAITO Of THE COMPANIES ACT CAP.» AND CBH NMEX TEADEE PTE LTD (In Afoiaaary Winding Up) j •"r-mlflnniai of OSH SIMEX Trader Pto Ltd My coavMadaad held at 492 Tfcagiia Halt Clone Singapore I4MIO oa 4 April If*, fte following fecial rcaofobons 1. "That *e be nnad up
      301 words
    • 97 16 Singapore Closing Share Prices 12/04/1996 CLOSE PfWV LOW HMH rtllf# US$ US$ US$ list Hi Mr Jardina Matheson 8.00 8.10 8.00 8.08 fmill Strategic. 3.20 3.18 3.18 3J2 I WMf J Oaky Farm 0.08 O.SS 0.045 OJH Hongkong Land 2.27 2.30 2.24 2M ■■■■■I Mandarin Oriental 1.28 1.28 I,gff 1.28
      97 words
    • 123 16 The 1 Business Times PMtg.ftlflW.PWjg r, A bold views. •Fasfcrv^thcocws,andwi!htemcani^ofthcncws. Sharper focus go business ad mates. Deeper analysis of trends, ad bob opboo ad amrafcy. Start my i TheßusinessTimes j i Subscription now! j I $265.20 (12 months for local) j j (Urnntadudadekay (forges, fttfUk,wUi witeoafcaadtyneMKndormonrttyj J Name (Mr/Mrs/Ms/Dr*): I
      123 words

  • EXECUTIVE LIFESTYLE
    • 1320 17  -  Nowadays, you no longer need to travel all the way to Switzerland or Paris in search of rejuvenating treatments. Health spas are sprouting up all over Asia, and in Singapore, spa owners are chalking up robust profits and making expansion plans, uu finds out where they're
      1,320 words
    • STRAWS In The Wind
      • 58 17 WHATs not an emergency? If you need to know, just call up a certain high commission after office hours. This is what the recorded message will tell you: "In case of an emergency, like a serious accident or death, please call this number 'XXX'. Please note that
        58 words
      • 50 17 A KOREAN brand of air-conditioner certainly has an odd way of selling itself. One of its ads says its new model comes with "chaos wind". Now, do homeowners really want chaotic wind coming out of their air-conditioners? Sounds to us like a tummy problem requiring medical attention.
        50 words
      • 87 17 WHO's right, a teacher or her student? A mother took her son's teacher to task over the boy's answer to the test question "What is the difference between a stamp and a sandwich?" It sounds like a silly question in the first place, but the boy's answer was
        87 words
      • 31 17 HOW times have changed. Included in the constitution of an old Chinese school here is a clause that says students are "prohibited to play mahjong, paikow or to smoke opium".
        31 words
    • VIEWPOINT
      • 1741 18  -  v THE RAFFLES Conversation South Africa's new High Commissioner to Singapore, Carl Henry Werth, does not always see eye to eye with his government So why did he, a former opposition politician, agree to take on the job of senior diplomatic representative for his country? Because of
        ARTHUR LEE  -  1,741 words
      • 1178 18 THE FACTS about South Africa are straightforward. It has vast mineral wealth and a solid industrial base; its potential in tourism and trade is immense, and its economy is a shambles. Decades of mismanagement arising from a brutal and impractical political system have distorted
        1,178 words
    • PURSUITS
      • 854 19  -  Spink's The Art OfGandharais testimony to the positive results of East-West fusion in cultural and religious ideas, writes ran IOLA LENZI IN RECENT years, much has been made of East-West economic cooperation and the resulting development of cultural ties between Europe and Asia. However, commercial and artistic exchange
        854 words
      • 1506 19  -  A decade ago, Martyn Bedford was an impoverished backpacker who was forced to stay in hostels during his Singapore stopover. Recently, he pulled in more than £200,000 for his first book, making him one of Britain's highest-paid writers. He tells makk he got his break
        MARK GRAHAM  -  1,506 words
    • 445 20  -  TELEVISION D.A.YJS. is a programme about youth, but it is bland to the point of seeming positively middle-aged By Kevin Sullivan TCS' insistent publicity gave the distinct impression that Diary Of A Young Singaporean (Mondays, 7.30pm, Ch 5) is aimed at young people. After just
      445 words
    • 750 20  -  CINEMA Get Shorty is sharp, witty and has a lot going for it. Bnt it still leaves the viewer feeling vaguely dissatisfied By I S N Vasuki ELMORE Leonard writes tough, gritty novels about tough, gritty people. His stories are set in America's mean
      750 words
    • 581 21  -  NIGHTSPOT There's a bespectacled, seqninned, English-accented act going on at the Tapas Bar that's almost as good as the real thing By. A Surendren A MONTH ago, I had the enviable delight of watching the Cuban Boys perform at the Tapas Bar in the Omni Marco
      581 words
    • Article, Illustration
      410 21  -  Compiled by Holly Harrison THBATM Tissue Originally staged in 1991, Louise Page's moving play about a young woman coming to terms with breast cancer is back by popular demand. You won't want to miss it. Starting today till April 14, Bpm, at the Black Box, Fort Canning Centre.
      410 words
    • EPICURE
      • 776 22  -  Known for your hearty appetite? Then you won't want to miss the generous Masterpieces of Chinese State Banquets menu at Tung Lok. Jinn hb works her way through a value-for-money feast JAIME EE IF YOU've often wondered what's it's like to sup with world leaders at
        776 words
      • 608 22  -  RESTAURANTS When it cemes U feed, chances are that if it's Australian, it's also hip. Especially when Oaf Scett Webster serves op the geedies By < Corinne Kork THINK Australian cooking and various images come to mind. On the one hand, there is the trendy, new
        608 words
      • 929 22  -  WINE AND YOUR HEALTH What should the public know about the relationship between wine consumption and heart disease? A look at the latest findings By: N K Yong "IT IS well established that the French have much lower rates of coronary artery disease than all
        929 words
    • Article, Illustration
      981 23 Bab*. A lonely piglet is adopted by sheepdogs. St; Tampines: 9; 5. rfi Wjr I aagasgi A sensual thriller starring Tom Berenger Nancy Travis. R(A). Udo: 12am. Capital: 11.45pm. Chinatown: 11.30pm. £8j kaiiliait Mel Gibson's Scottish epic snagged the biggiew Best Film and Director. Tampines: 10; 6.15; 11.50. jjl,
      981 words
    • TRAVEL
      • 1305 24  -  is blessed with ah infinite variety of attractions. Whether ifs your first or fiftieth visit to the French capital, youll never run out of things to see and do. aoB mm una picks out her favourite spots GOH HWEE LENG IS THERE life In Paris
        ALL PHOTOS, EXCEPT FOR HOTEL BY CRILLOW, BY QOB HWER LENO  -  1,305 words
      • 727 24 Twliae-Laitrac, Bw«tr, Picais*, tad M«Mt all lived at one tine «ran«tker intkii wrtlwFm«inhiihiiik its ckarcke* aad cabarets YOU've heard of "Parisien" but what about "Montmartrois"? The word refers to a person from Montmartre, that famous place in Paris which is renowned for its
        727 words
      • 342 24 Chd«ttkiMijßrN mt hi fai flw wii'M, wIH) rfitrFnm NOW you can IteaDy alMpyoanmitD Paris and srrive in food dup to go straight to that braakffcst meeting with your French aseociatea. Air France has recently revemperi its first dees and buslness claae, the l'Espace 180
        342 words
  • Page 17 Advertisements
    • 8 17 The Baffles Conversation Carl Henry Werth EL 2
      8 words
    • 75 17 Travel There's more to Paris than the Eiffel Tower EL 8 The California primaries. Charred scallops on apple an J leek cole slaw; grilled quail and weeping greens salad; granola-crusted soft-shell crabs all classic California primaries heading up our new menu of lighter American cuisine. Elect to dine at Seasons
      75 words



  • Page 20 Advertisements
    • 623 20 II I I WINE, DINE AND ENTERTAIN WORLD'S LARGEST SELLMG SEER E ~*2r£T4su'kw./y< ———^^——^—■—i————^—■—M^ HHHH i mmmmmmmmmmmmrn* Mg?u3>' zr WBm I Love If! I LONG BEACH MARINA SEAFOOD RESTAURANT (Car Park A) Manet Manno Manna Soul h Singapore *****1 Open Daily 5 00 pm 1 30 am Tel 323 2222
      623 words
    • 194 20 The Mezzanine. It's the ideal place for you to sit back and unload Then unwind over your favourite dnnk to the cool, unplugged rhythm of our resident band We're expecting you Happy Hours Finger Snacks spm to Bpm Cocktails a Entertainment Bpm to lam (weekdays) Bpm to lam (weekends) JJ3
      194 words

  • Page 21 Advertisements
    • 692 21 Where to wine, dine and entertain J Unwind with golden bubbles at the Hubertus Grill this Sunday witk a free glass of Gold Sekt Champagne, containing real 24 carat gold flakes. The perfect compliment to a Sunday Brunch, that even King Midas find hard to resist. A ANA HOTEL SINGAPORE
      692 words
    • 36 21 SjjflS 12 noon to 2.30 pm. Adult: $25.00*/ Child (below 12yr»): $17.50* PHOENIX COFFEE HOUSE Hotel Phoenix Basement.Orchard Road/ Somerset Road. 5<*****8) Tel: 737 8666 *Pncg» wb»cct to 10% KfVKt cKargt and government U»t» trvcWtAof GST
      36 words


  • Page 23 Miscellaneous
    • 1880 23 TODAY'S TV At the scene purposes, starts out weu. S;£ on rl Hom e j but ultimately peters OUt. 11.00 For Tomorrow (Manda ?i. V V AM Prog Summary 01 tlie crime vannyy Mornin< M*uyfloofty, IUO Ml Cao Xueqin (Peking T> Hi.-, Opera). t CNN International. SmCßmlxsxpowiirw, LIVMBf "**>"*** SjM
      1,880 words