The Business Times, 20 April 1996

Total Pages: 24
1 24 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 04W2/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE WEEKEND EDITION, APRIL 20-21,1996 85c
    14 words
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    48 words
  • 473 1  -  And they are picking up property in the secondary market rather than at new launches By Michelle Low [SINGAPORE] Foreigners, on average, paid more for private property in the first quarter this year than they did in the last quarter of 1995, according to
    CHRIS LOH  -  473 words
  • 447 1  -  Investors bullish on his shipping and port services plan From Ho Kay Tat in Kuala Lumpur THE market yesterday sounded its support for businessman Mirzan Mahathir's ambition to become a major regional shipping and port services player by chasing up the share prices of
    447 words
  • 247 1  -  From Loh Hui Yin in Bangkok THAILAND'S industrial development will get a substantial lift from a government package of Initiatives aimed at boosting the nation's exports. Under the package which will also speed up development of the Eastern Seaboard area developers
    247 words
  • 550 1  -  Scotts Holdings chairman A R Jnmabhoyand Iqbal make court application By < Conrad Raj [SINGAPORE] Scotts Holdings' chairman A R Jumabhoy, and his son Iqbal, have applied to the courts to appoint a receiver and manager for the feuding family's holding company, Scotts Investments (Singapore).
    550 words
  • Page 1 Advertisements
    • 127 1 IMKIDB H Mb P4N-S Michael Fam runs many companies and holds many positions. He talks about his management style and how he keej* an me on ths big picture in jnwnfmni M I I draws tome of its strength marfcec or mreign buyers. OMrtiukadtoatH* WmMnmkmr, thispg. Knock-on effect on share
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • 716 2 Those polled for their views on the Singapore stock market's outlook in the week ahead are: Alliance, ING Barings, Daiwa, Fraser Securities, GK Goh, Deutsche Morgan, Phillip, Credit Lyonnais, Merrill Lynch. IhwUMV ♦Interim results were disappointing. Operating margins fell to their lowest level since FY1992. We are
        716 words
      • Article, Illustration
        427 2  -  Thang Chin Fong "T IKE any market cyI cle, the property JU market cycle behaves in the same manner, being subject to both fundamental and speculative factors. Whereas the rationalistic side at most cycles has been well-tested with the latest quantitative and computerised models and methodologies, the
        427 words
    • 372 2  -  Forecast eome from antkor of Trader's Astrological Almanac "T By Paul Leo [SINGAPORE] According to planetary movements, more specifically the orbits of Pluto and Uranus, the Straits Times Industrials Index is topping out this month and will head towards a major low
      372 words
    • 653 2  -  Bank's valuation policy and loan quantum can also be important to borrowers By I Lee Yoke Har [SINGAPORE] ARE rates for housing loans really coming down? Looking purely at the numbers, it would seem to be the case. One after another, finance
      653 words
    • 592 2 Bloomberg Business News [NEW YORK] With US stocks in the 14 th year of a bun market and bonds coming off a stellar 1996, pension funds are turning to real estate in search of higher returns.
      Bloomberg Business News  -  592 words
    • 439 2  -  By Shiv Taneja [SINGAPORE] Finance companies, hit by a slump in demand for car loans, are aggressively expanding their housing loan portfolios by slashing interest rates for this segment of financing. The interest rate cut was kicked off last week by DBS Finance when
      439 words
    • 652 2  -  USJUOM TUB RBOXOir! INDONESIA By' William Chia [SINGAPORE] The Jakarta Stock Exchange (JSE) is expected to experience a lull in the next month or so and hover around the psychological level of 600 points. The market is still spooked by the
      652 words

  • SINGAPORE AT HOME & ABROAD
    • 323 3  -  Figure bolstered by 12% rfce in non-oil domestic exports in March By< Genevieve Cua NON-OIL domestic exports climbed 12.3 per cent in March, bringing the first quarter's rise to a respectable 16 par cent in real terms. Analysts said the March figures, released yesterday by the
      323 words
    • 321 3  -  From* Quak Hiang Whai in Hongkong SUNTEC CITY has offered about 180,000 sq ft or 15 floors of its Tower One office block at the massive Singapore commercial development to Hong-kong-based buyers. Suntec City Development (SCD) officials yesterday said they had sold
      321 words
    • 296 3 IT LOOKi? like Singapore's world-class land transport system has been put in the fa&t lane. Just~& week after announcing the results of the light-rail transit tender, the LTA yesterday said it will set up a multi-million-dollar eye-on-the-road system to
      296 words
    • 292 3 AFTER a dismal start in January when the retail sales index fell 11.4 per cent tills began to ring more frequently in February amid a strong rebound in turnover growth. Compared to the same period last year, February's retail sales
      292 words
    • NEWS Roundup
  • Page 3 Advertisements
    • 262 3 BUSINESS TIMES EXCLUSIVE CT^^S/O\S^ :> O i b BSSf IPlTil^Bi t3T^Z^ u u tlmi»? Or t«v«we p°*a •axutonuj to ll- 8 PART 1 Ik «W (Mm portn tapoJ nan* of Coom hn< u«i vondcn which die compute tiM acoonUJ u.? It m<» W N«m A. tU. Pl». wU. tfc. CMuputa.
      262 words

  • REGION
    • 364 4 KUALA LUMPUR Bugyirtiffldil kipDufwiDki among top 15 transhipment centres by year 2000 Bernama PORT Klang la poised to become an alternative hub to the Singapore port, instead of just serving the Interests of local shippers and exporters, said Klang Port Authority's (KPA)
      Bernama  -  364 words
    • 249 4 SINGAPORE The Straits Times THE Australian government is happy to have the Singapore Armed Forces use facilities in Australia for training, Australian Foreign Minister Alexandsr Downer said yesterday. Canberra was committed te defence cooperation with Sinppon and looked forward to "a future where
      The Straits Times  -  249 words
    • 1218 4 now n» muktmt so*n was sowi coo WH jMI/--.>*■ Hi CM MM VM74I 1310 VN740 1410 m— g mm coo OT2 mo sot74 mis KmMm tm miw pm 234o ua vm am 2330 *mmm sot 112s mmm 0790 "1 I rn tm «50 CX7T7 1235 CX7I0
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    • 481 4 SINGAPORE /fy Walton Moral* Asean does not see recent tension as an 'international' one THE recent tension in the Taiwan strait has brought about a heightened awareness of the region's vulnerabilities, Senior Minister Lee Kuan Yew said in an interview to be published
      481 words
    • 217 4 NEW DELHI Reuter CANDIDATES of Indian Prime Minister P V Narasimha Rao's ruling Congress party are avoiding his company during election rallies, fearing a hefty bill, the Press Trust of India (PTI) said yesterday. Mr Rao, finishing a whirlwind
      Reuter  -  217 words
    • 60 4 [BEIJING] A parking attendant, resting on a chair and stool, surveying her domain as she waits for customers at the south gate of Beijing's Forbidden City yesterday. For a modest two yuan (5f0.34), motorists are abie to park for an unlimited time near one QfChtna*s premier tour
      REUTER  -  60 words
    • 208 4 ■JAKARTA AFP CUSTOMS offlcfcls at Indonesia's largest Itort, Tanjung Priok, are alkflsdlyextorting money from importers, the Indonesian Importers Association was reported as saying yesterday. Association chairman Amirudin Saud alleged customs officials regularly issue memos to importers summoning them, and then
      AFP  -  208 words
    • 279 4  -  JAKARTA By] Maggie Ford AN independent environmental audit on the Freeport copper and gold mine in Irian Jaya has criticised the US company which owns the mine as being slow to fix pollution damage. But the audit, by consultants Dames
      279 words
    • 181 4 HONGKONG AFP LU Ping, head of China's Hongkong and Macau Affsirs Office, left Hongkong yesterday with a call to civil servants to remain politically neutral before this British colony reverts to Beijing's rule next year. Mr Lu was in the territory tO
      AFP  -  181 words
  • Page 4 Miscellaneous
    • 25 4 THidecm i BHB 11 mm fSrUS* I <**»«- I IMCOUeatXS I WMOf f 2 B HPS!? J2I In9Acm\ emm &<**&!?***? £51. imrrmcT**** I mmae*. nmwa»nmu t uMX\rj^\cANFiNPj
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  • REGION/WORLD
    • WORLD Watch
    • 395 5  -  WASHINGTON Talks in Washington set to also look at sell-off of some IMF gold reserves By Leon Hadar TOP economic officials representing the Group of Seven industrialised nations are convening in Washington this weekend to discuss global financial issues, including the continuing rise
      395 words
    • 214 5 WASHINGTON Bloomberg Business News US Treasury Secretary Robert Rubin yesterday welcomed Germany's interest rate reductions and again voiced support for a strong dollar. Heading into this weekend's meeting of the G-7 finance ministers in Washington, Mr Rubin also said Japan needs to continue
      Bloomberg Business News  -  214 words
    • 168 5 WASHINGTON Bloomberg Business News DEMOCRATIC senators who font faster economic growth 'said on Thursday they will continue to delay Federal Reserve chairman Alan Greenspan's nomination for another term as head of the nation's central bank. Senator Tom Harkin said he wants further talks with
      Bloomberg Business News  -  168 words
    • 36 5 [MANCHESTER] Britain's Chancellor Kenneth Clarke posingfor photographers by a personalised number plate belonging to a local accountant in Manchester yesterday. Mr Clarke was in the region visiting local businessmen and politicians. REUTER
      REUTER  -  36 words
    • 241 5 ■TOKYO US-Japan security pact him created fresh apprehensions Reuter JAPAN yesterday decided to send special envoys to China and South Korea and to meet with opposition leaders to calm fears it would expand its military role in Asia
      Reuter  -  241 words
    • 118 5 TOKYO NYT NORTH KOREA said on Thursday that it was considering President Bill Clinton's proposal for four-party peace talks, lending hope that it may be possible to begin a dialogue to reduce the threat of war on the Korean Peninsula. The North Korean statement was
      NYT  -  118 words
    • 221 5 WASHINGTON AFP SENATE Majority Leader Robert Dole backed away on Thursday from supporting unconditional renewal of China's US trade privileges, saying trade should fit into an overall China policy. "I want to see if the president comes forward with a China policy, and
      AFP  -  221 words
  • Page 5 Advertisements
    • 668 5 Freehold land in prime district 10 Land area: about 10 000 sq. ft or e-mail: eamnah@ntuvax.ntu.ac.sg Strictly NQ AGENT please! LOI NO. 4P*5 I IP I I Keppel Finance Limited I H (Incorporated in the Republic of Singapore) fl I NOTICE OF ANNUAL -1 I GENERAL MEETING I I I
      668 words
  • Page 5 Miscellaneous
    • 433 5 CRYPTIC CROSSWORD 1 Journey for Arab via South Germany (7) 9 Hurt hand, as result of getting 10 Comfortable when firearms are j 1 i 1 I j 11 Range shown in this schoolWomen's Institute's refusal of 15 Corresponded and drew every- I 1 I f° It Boy is the
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  • COMPANIES & MARKETS
    • 594 6  -  Interim gain helped by rise in ad revenue, circulation sales and investment income By Ven Sreenivasan [SINGAPORE] Singapore Press Holdings chalked up a 5.7 per cent rise in net earnings to $157.85 million for the six months to Feb 29, surprising many
      594 words
    • 208 6  -  By R Sivanithy [SINGAPORE] Foreign stockbroker Credit Lyonnais is to issue new 15-month covered warrants on blue-chip City Developments Ltd its first foray here into this potentially lucrative business. Credit Lyonnais Securities managing director Donald Skinner said yesterday that "we are already one
      208 words
    • 641 6  -  lIOCK LOCK SIEW Maggie Ford WHEN the results of balloting for a new board of directors for the Jakarta Stock Exchange were announced this week, brokers had good reason to be pleased at the choice, and proud of the way the
      641 words
    • 547 6 Fall comes after prices soared 75% since 1993 Bloomberg Business News [HONGKONG] For newspaper publishers from Hongkong to Australia, "pulp" is no longer a four-letter word. After soaring 75 per cent since 1993, the cost of newsprint is starting
      Bloomberg Business News  -  547 words
    • 422 6  -  Not dear if UOB will be selling its equity stake in SCMP From Quak Hiang Whai m Hongkong BANKER Wee Cho Yaw has resigned as a director of South China Morning Post (Holdings), shortly after the Hongkong English-language newspaper group successfully took control
      422 words
    • 294 6  -  But no gains realised as STpore group under sale moratorium By Michelle Low [SINGAPORE] Hotel Properties Ltd (HPL) has made a handsome paper profit from its stake in Planet Hollywood International Inc (PHII), whose shares made their debut on Nasdaq yesterday. HPL
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    • 86 6 Bloomberg Business News [NEW YORK] Planet Hollywood International Inc shares yesterday rocketed as much as 78 per cent In their first trading day as investors bet on the company's growth prospects and Hollywood cachet Shares In the restaurant chain, which opened at US$lB, were up US$l3,
      Bloomberg Business News  -  86 words
    • REGIONAL COMPANIES
      • 411 7  -  Hotel chain's shares te be listed on London exchange attract £L2b in applications By < Conrad Raj [SINGAPORE] Response to the Hong Leong group's flotation on the London Stock Exchange (LSE) of its European and American hotel chain, Millenium Copthorne Hotels, has
        411 words
      • 298 7  -  Size of stake not revealed; fond may be listed on SES By] Paul Leo [SINGAPORE] NTUC Income Insurance Co-operative has taken a stake in a new Asian property investment fund which may be listed on the Stock Exchange of Singapore.
        298 words
      • COMPANY Briefs
        • 37 7 [SINGAPORE] Liang Huat Aluminium has incorporated LHRPte Ltd to carry on the btainaa* of property development LHR it incorporated through two Liang Huat directors, Tan Yong Kee and Tan Tiang Cheni f
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        • 30 7 {SINGAPORE] Noel Gifts International has fixed the exercise price ofitsthree-for-10 rights issue of 13.8 million detachable warrants at 48 cants for each new share.
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        • 61 7 [SINGAPORE] Orchard Parade Holdings said in response to a Stock Exchange of Singapore query it did not know why its trading volume and share price increased cm Thursday. OPH shares hit a high of $8.55 on Thursday, with more than two and a half million
          61 words
        • 36 7 [BINGAPORE] Sincere Watch Ltd said it is buying fiour office units in Orchard Plaza totalling 212 sq m for $2.38 milliotL The purchase is set to be completed in June.
          36 words
      • 176 7  -  By William Chia [SINGAPORE] Drinks maker Pokka Corp has reported a group after-tax loss of $1.93 million for the year ended Jan 31, 1996, compared with a net profit of $1.67 million in 1995. Pokka, which was listed on the ma inboard of
        176 words
      • 63 7 [MANILA] Workers laying the underground cable network of the Philippine Long Distance Telephone Company (PLDT) on Thursday. PLDT, the country's telecommunication giant, plans to invest US$3.4 billion (Ss4.B billion) within the next six years to expand the network. The expansion programme will boost the number of
        AFP  -  63 words
      • 306 7  -  From, Al Labita in Manila MALAYSIA'S Hong Leong Group, fresh from its co-pur-chase of a stake in Kiwi firm Brierley, is venturing into the packaging business in the Philippines. It has roped in listed food and beverage giant RFM Corp as a partner
        306 words
      • 280 7 CONSTRUCTION and property group Sungei Way Holdings Bhd has proposed to restructure its wholly owned civil engineering unit Sungei Way Construction Bhd (SWC) and list it on the Kuala Lumpur Stock Exchange main board. Sungei Way Holdings said yesterday SWC would initially
        280 words
    • INTERNATIONAL COMPANIES
      • 502 8 Results impressive, despite conservative accounting system, say analysts Reuter [SEATTLE] Microsoft Corp reported a 42 per cent jump in fiscal third quarter profits on Thursday, paced by solid demand for its desktop applications and personal computer (PC) operating systems. The Redmond, Washing-ton-based software
        Reuter; Source: Bloomberg; BCRUZ  -  502 words
      • 178 8 Reuter [SEATTLE] Microsoft has adjusted its accounting method to recognise an average product life cycle of 24 months, up from the previous 18 months, corporate treasurer Greg Maffei said on Thursday. Mr Maffei said in a conference call with analysts and reporters the
        Reuter  -  178 words
      • 248 8 AFP [TOKYO] Japanese department store operator Isetan Co Ltd said on Thursday that it expected a net loss for the year ended March, the first in 35 years, partly due to its tie-up with failed US retailer Barney's Inc. Isetan said in a
        AFP  -  248 words
      • 243 8 If successful, friendly merger will result in NTs biggest bank Bloomberg Business News [WELLINGTON] Australia's Westpac Banking Corp has made a NZ$l.27 billion (511.22 billion) agreed takeover bid for Trust Bank New Zealand that will create New Zealand's largest banking group if
        Bloomberg Business News  -  243 words
      • 263 8 Reuter [TOKYO] Sogo Co Ltd said yesterday it expected business conditions to remain difficult in the year ending February 1997, though restructuring and the full reopening of its Kobe store would help improve profitability. "We cannot expect private consumption to improve greatly, and in a
        Reuter  -  263 words
    • SHIPS IN PORT
      • 576 8 Mm* MyM NrM MMI lprt»i JmM krnrnm M 20.04/0300 Mm MM «TT JO MmM* 2004/2300 KSMm tr/M JM Ilmilli 20.04/0200 M« MS JM ill 20.04/0300 MID OVW JM MmM* 20.M/23M NMhl Mm JT7 MlIMHM MMfUft MM J8 nil 2104/2300 kMM mi jn mm* uM/noo Mfcc— a JM mm*
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      • 1468 8 RECEIVING OF EXPORT FCl COWTAWOS AM) LCI CARGO tstb SMp fy W> PWHr NrtX FW f fr— ka+ha* mm arm mm mm wowo 1V50C >V1900 2A W/T700 ?Ort** .TVOTOC It N"OC ?OA*W JO/OW 3 ZOAJTOO 20/1IW 20/VWC 4 MAM 21/MM 20/1700 to tat MM MM 5 MM MM
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    • FINANCE & COMMODITIES
      • 318 9 But centtal bank will net lower reserve requirements for banks, says paper {voting bank's head Reuter [TAIPEI] Taiwan's central bank will review the level of the Taiwan currency against the US dollar, the Economic Daily News yesterday quoted central bank governor Sheu Yuan-dong
        Reuter  -  318 words
      • 59 9 [SHANGHAI] A security guard standing at the gate of the construction site of the new Shanghai Securities Stock Exchange Building in the Pudong New Area in the eastern part of the city. The building is due to open in 1997 as part of the city's plan
        REUTER  -  59 words
      • 172 9 Reuter [NEW YORK] Lloyd's of London said on Thursday it had reached a standstill agreement with the Securities Division of the Arizona Corporation Commission. During the standstill, it will continue to work toward a settlement with its Arizona investors, or "Names", while regulators refrain
        Reuter  -  172 words
      • 287 9 Pr«fit hits record USs396m. matrJirntf WW) b analysts'forecasts Bloomberg Business News [NEW YORK] American Express Co said first-quarter earnings rose 12 per cent, led by its travel services and financial units, though loan losses in its credit and charge card business surged. The company's profit
        Bloomberg Business News  -  287 words
      • SMALL Change
        • 71 9 Reuter [HONGKONG] Gorman insurer Allianz AG said yesterday it would invest US$6OO million (*****.45 million) in «regional equity markets through 1998 following the setting up of its Hongkong asset management division. Allianz Asset Management (Hongkong) Ltd will manage the group's investment activities in the Far
          Reuter  -  71 words
        • 89 9 Reuter [TOKYO Shareholders of Dai wa Bank Ltd will file a second lawsuit against the bank's senior executives next week, a lawyer repreeenting the shareholders said yesterday. Hideto lida said the shareholders will take the after the bank was fined a record US$34O million
          Reuter  -  89 words
        • 37 9 Reuter [JAKARTA] Ceramic maker PT Keramika Indonesia Aseosiasi (KIA) has obtained a US$BO million (S|l 12.56 million) syndicated loan to be used for the expansion of its wall tile manufacturing facilities. —Reuter
          Reuter  -  37 words
        • 70 9 Bloomberg Business News [MANILA] Property developer Filinvest Development Corp yesterday said it would Increase the size of a planned convertible bond sale to US$2OO million (*****.38 million) from US$l5O million. In a disclosure to the Philippine Stock Exchange, the company said its board
          Bloomberg Business News  -  70 words
      • 279 9 NYT [SANTA ANA, California] The Board of Supervisors of Orange County, California, approved a settlement plan offered to 14 cities and local agencies that sued the county over losses suffered by the county's failed investment pool. Under the agreement, the cities
        NYT  -  279 words
      • 443 10 Banks, finance firms slow pursuit of new credit card customers as writeoffs jnmp 83% Bloomberg Business News [NEW YORK] US banks and finance companies are slowing their pursuit of new credit card customers as mounting loan losses threaten to reduce the 25 per cent
        Bloomberg Business News  -  443 words
      • 215 10 Indonesian oil firm to use US$L2b loan to Mid eighth LNG plant Reuter [TAIPEI] Bank of Taiwan, Taiwan's largest state-run bank, said yesterday that it will likely be the lead underwriter for a US$l.2 billion (551.69 billion) syndicated loan to Pertamina,
        Reuter  -  215 words
      • 165 10 Reuter [SANTIAGO] US financial giant Citicorp said it has invested US$BO million (*****.5 million) in ChUean pension fund manager AFP Habitat in a deal with the Chilean Chamber of Construction which controls the fund. Citicorp and the chamber wUI each invest US$BO million
        Reuter  -  165 words
      • 470 10 US$/mark: The US$/mark slid for the first three days of this week. But a surprise German rate cut on Thursday saw the US unit trade to a high of 1.5135 before plunging to a low of 1.4964. Strong support is seen at 1.4950. A breach
        Source: DBS Bank  -  470 words
      • 225 10 PolititisAtion of banks also denting confidence: Moody's Reuter [SAO PAULO] Talk of large-scale fraud, a failure by regulators to distinguish solvency from liquidity problems and political squabbles threaten to continue eroding confidence in Brazil's banking sector, Moody's Investors Service Inc
        Reuter  -  225 words
      • 296 10 FT [PARIS] A French court has ordered Yves Rocher, founder of the cosmetics group which bears his name, to stop a highly unusual attack on his former bankers which it has judged defamatory. The action follows an unprecedented public campaign by
        FT  -  296 words
      • 262 10 Reuter [AMSTERDAM] The European Commission's proposal to allow member states to use non-cocoa fat in chocolate passed a first regulatory hurdle but the issue still looks far from resolved, Dutch industry sources said yesterday. The EC move angered Dutch cocoa processors, who see it eroding European
        Reuter  -  262 words
      • 171 10 AFP THE dollar fell against the yen, as economic and political Influences strained relations between Japan and the US. The market feared that America might propose a cut in the value of the dollar to force open the Japanese domestic market at a G-7 meeting tomorrow. In addition,
        AFP  -  171 words
      • 316 10 ENERGY REPORT Knight Ridder [BAGHDAD] International oil companies maintaining discreet contact with Iraq have already drawn up plans for some of the work that could be needed if Iraq and the UN reach agreement on humanitarian oil sales. Representatives from mainly European oil
        Knight Ridder  -  316 words
      • Article, Illustration
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    • 1916 11 *r» Hat» *tA. A. Corp A4r M 3/4 3/4 AB Ports 29S -9 AMay National SCI V2 *71/2 AMlfM SOI -2 Amoc nc 3 towa 334 Aid* Croup 112 *11/2 •ATM 5071/2 *41/2 ■ICC 358 *3 BOC Group W unch MhMM SMI/2 *7 •TO 3211/2 S1/2 Bank
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    • 1584 11 Reuter Hutotaas +71.34 SHARES ended firm in quiet trade, with a bullish near-term outlook overwhelming the dollar's decline against the yen. Brokers expected the Nikkei to resume its advance next week when new funds were expected from trust funds and pension funds. The 225-share Nikkei Average rose 71.34 points
      Reuter  -  1,584 words
    • Article, Illustration
      1574 12 AFX-Asia Q Hug Seng -MUM SHARE prices closed lower after profit-taking in lacklustre trading, dealers said. The Hang Seng Index closed down 90.80 points at 10,818.49 on light turnover of HK13.18 billion. A trader said: "The market was pretty dead. Next week, we're likely to see further consolidation on
      AFX-Asia  -  1,574 words
    • Article, Illustration
      587 12 Reuter n Shanghai B Index ♦0.49 THE Shanghai B market ended higher, led by a rise in Pudong shares, but trade was modest as many investors waited for the listing of Heilongjiang Electric Power next Monday. The B Index rose 0.49 point to 49.91 on volume of 3.8 million
      Reuter; Source: Credit Lyonnsis Securities (Asia) Ltd  -  587 words
    • 337 12 AFP HWPhfci +UT7 SHARE prices finished slightly higher as market sentiment turned cautious. "In view of drastic gains and losses in the previous several sessions, investors were somewhat uncertain over short-term market outlook and refrained from taking initiatives," said a broker. The Weighted Price Index rose 2.87 points to
      AFP  -  337 words
    • Article, Illustration
      645 12 Bloomberg Business News UOftohlg *3LSI STOCKS rose for the seventh time in eight days as investors bid up cigarette companies Gudang Garam and Sampoerna, hoping the companies will show superior growth. "Investors just love these companies," said a dealer. "Whatever the P/E is, it keeps coming up. The basic
      Bloomberg Business News  -  645 words
    • Article, Illustration
      800 12 Bloomberg Business News nSEThte -HW STOCKS feU for a third day, led by financial issues on concern that new measures covering reserve requirements will squeeze earnings. Investors are concerned that lenders will be required to set aside more funds that could have been used for lending. That could cut
      Bloomberg Business News  -  800 words
    • 315 12 AFP n*""* -da SHARE prices fell as the market reacted to the fall of Philippine Long Distance Telephone Co (PLDT) in New York. The PSE index eased 0.82 point to 2,957.99. Turnover was 5.4 billion shares valued at 2.7 billion pesos. PLDT fell 30 pesos to 1,395. San Miguel
      AFP  -  315 words
    • 395 12 AFP rlOmpoßtahig +IL4B SHARE prices closed higher as investors hunted for bar-gain-priced stocks. The Composite Price Index climbed 11.48 points to 948.37. Turnover was 67.1 million shares worth 1.15 trillion won. Risers beat falls 553 to 253. The market was little affected by news that the stock market stabilisation
      AFP  -  395 words
    • 599 12 AFP QinOrfctriM jj SHARE prices closed firmer as institutional investors stepped in late in the session to snap up blue-chip stocks. The All Ordinaries Index gained 9.2 points to 2,265.8. Turnover was 242.8 million shares worth A 1534.8 million, with risers beating falls on a ratio of about six
      AFP  -  599 words
    • 261 12 Reuter □Wtfljngfi -OJ7 SHARES ended virtually unchanged, but the day was still a dramatic one thanks to Westpac's bid for Trust Bank. The NZSE-40 Capital Index ended the session down by 0.17 point to 2,147.46. Renter Apr* v- mm ANZMttof M2 -at* 7291 A*antl9M HKgi ITS 001 M100 AlrNnZMMIAI
      Reuter  -  261 words
    • KUALA LUMPUR STOCK MARKET
      • 7209 13 KUALA LUMPUH^eporte Bloomberg Business News Reuter POtmpwitolilßi +4J2 MODERATE buying interest lifted the benchmark index to a higher finish in a generally subdued session. Little fresh news emerged to sway the market's direction, and selective buying, mostly in the Second Board, kept the tone
        Bloomberg Business News; Reuter  -  7,209 words
    • WARRANTS & OPTIONS
    • 1950 14 Or Or 1BBB Last Val On LMt Ou*t* Otv Otv YM Hat M Cap w» j— tow Cowpiay BaM rOOO) HM> tw Bayar SaBar Cvr Pft M 'MS 4M son AOS50c SOS M SM SOO SOO 909 II U U MJ WJ n M SOU AMMSOC M *1
      1,950 words
    • STOCK EXCHANGE OF SINGAPORE
      • 144 15 1,1 a sr~ i£ iz 8.- *fc i» «.i m* SK SI Sf j£ iS S.v 28 -43 5S, -Ess? m s m sr*— as £S S£~ g S S SK"* s:«,» f wSHSf %0 M«0 US "a# SMSU* m jOCO Ul SSs "S -as'a P®*"12 ssj» umOmim* woo o.oto
        144 words
      • 4108 15 •r or M wt UN Last V* toy LaatOwta Dftr Mi W M Caa Aa* l— soom cmmm w» roooo mm u*> oaar w» cv ww» a BMtramt i; 544* ASC NT902OO US- 1M MS OH AcarSOc USM* 40 IN W M4 MS ION TJUM 307.* 4M 4*4
        4,108 words
      • 774 15 •r «r M «l MM Last Val Da* LartOart* Ik Ok IN M Cm A«* m» l— n mm *f- rmm m» i— —y m» cw w ww at 2M 2000 AMNHpSc 2*4 C* *4 2 294 2M 254 2M XO M.2 XI HI K2J 254 294 IT# 2001
        774 words
      • Article, Illustration
        61 16  -  Paul Leo SELL any rally in Keppel Finance. Average Directional Movement Index it showing further weakness. ifl|Mg Mooing Avenue Convergence-Divergence Indicator M already signalled a sell Only an oversold dkflH| Strength Index and a gap on the dally chart tttSgßm prices higher in the short term. Expect prices
        61 words
      • 852 16  -  STOCK MARKET COMMENTARY Investors are upbeat on Malaysian counters dne to the stronger ringgit and an increasing perception that the economy is poised for an upturn By R Sivanithy [SINGAPORE] Hectic trading in Malaysian stocks almost to the exclusion of Singapore counters
        852 words
      • OH THE GRAPEVINE
        • 162 16 ADVERTISERS who want to sell pagers in Indonesia using Balinese dancers had better think twice. Ida Bagus Oka, the governor of Indonesia's famed touriat island Bali, was reportedly not antuaed by a recent television advertisement which showed a female Balinese dancer pausing to read
          162 words
        • 146 16 GET that man a beer! No, get that soldier a Tiger! Asia Pacific Breweries (APBX the brewer, has launched an award for our boys in green. No, NSmen don't have to jump out of planes to save parachutists in distress or land giant marlins to
          146 words
        • 134 16 TALKING about tigers, we have Jast reoeiveda Tiger Market Report by the wildlife watchdog Global Tiger Psstrol (OTP) with a piece ofvery real-looking mock tigar pelt stuck on it "Everyone wants a piece of the action from the tiger economies. Here's just a
          134 words
        • 85 16 FOLLOWING prees reports about some 8 banks using "over enthusiastic" debt collectors to harass credit card debton, the Hongkong Monetary Authority has set up a hotline for bank customers to lodge complaints against such activities. The hotline will be available on a 24-hour basis, including public holidays. HKMA
          85 words
  • Page 6 Advertisements
    • 61 6 Refrigerated Wine Cellar JBHR mm Your perfect answer to wine storage in the tropics Model 999 Capacity up to 144 bottles Price: *****0.75 (incl. GST) (mduskx of debuery set up in S'pon 12 months warranty Available ex-stock from the Sole Agent: BONIABLE BONTABLE AGENCIES (S) PTE LTD #03-05 Sin Cheong
      61 words

  • Page 7 Advertisements
    • 115 7 J With a Great Feast, Fabulous Fashion Show by Carrie Models S Gifts Galore •A sumptuous Japanese spread serving A great value seafood spread which sushi, sashimi, tempura and more includes Fresh Oysters and Green Daily fashion show by Carrie Models U U "J?* BUck Pe er Crmh JJJI featunng
      115 words
    • 100 7 mm M M iMMFninmiP'"' L j "f **wt w "%w <i',^ j iikS The Ultimate Coliection jHB^^^BSjM Eurokitchen offers kitchen designing at its very finest. The most innovative of ideas are applied to exclusive fIHPMNH quality components from Europe. I^Hmi EUROKITCHEN HOLDINGS PTE LTD Providing state-of-the-art ergonomic the promenade paragon
      100 words


  • Page 9 Advertisements
    • 814 9 Singapore Press Holdings limited (Incorporated in Singapore) W The Directors have pleasure in announcing the following unaudited results for the iix months ended February 29, 19%. Results 1996 1999 Chang* $000 $'000 1000 $'000 Turnover 439,946 396.723 10.9 424,480 380,017 11.7 Trading profit [see Note (a)] 189,474 186,612 1.5 185,351
      814 words



  • Page 12 Advertisements
    • 54 12 ISO Certification The Straits Times Supplement Tuesday, 21 May 1996 ll Pr%u BOOKING DEADLINE 7 May 96 Advertise your procfcicts and services, as well as enhance your coipome image in our ISO Supplement Call us now. Stephanie Lhn 740 2263 (pg *522 2185) Tang Ngai Kin 740 2085 (pg *****320)
      54 words

  • Page 13 Advertisements

  • Page 14 Advertisements
    • 197 14 GET KEY MO V.9 m.Jj M, 4Vli -M. Vv profits set to btoom with Blossomvale condo Name: Strong regionaJ exposure in industrial parks Tel (H) (0) UN nUI OIUUNa ■'m ofthe most exciting property plays KT«SS In-depth profile and future plans GUTHRIE GTS of Payment: Cheque enclosed pay**, to Singapore
      197 words

  • Page 15 Advertisements
    • 25 15 alter -riiijiirii-li WZZT* Jl'llyjiH .SrST* Hss uVtffnM»#» A1 PV V-*— 1 fl DnrJ Wi l^JH ZlUfhto Mfy. Only $0.30 a minute. An SPH AudioTex Service
      25 words
    • 41 15 BUY* SELL* FIND** Classified ads can speed up your search for the right car. No matter what it is, you can always buy it, seU it or find it with the Classified. TOLL Fill 1800-737-1166 \23 Call Tiday Fir lisilts Tomorrow.
      41 words

  • Page 16 Advertisements
    • 408 16 I BUSINESS Xotill'S l<> \l>\llM I S I \I. I 101. I -IK Ii: I Slid- 74 I IS S WTMiUQh COURT OF the Hgpui in nr ntiry>rrmr OrigkMflna PiMon No. 9 of 1998) li9i>llOnllit»iiiUJ»oHi»CoiifilM And In Km Matter of Eft MtcMrartc* (S) Pi* LM (RC 18S981SMVZ) NOTICE OF JUDICIAL
      408 words
    • 538 16 IN THE MATTER OP THE COMPANIES ACT, CAP. 5* AND IN THE MASTER OP CLAREMONT HOUSE (S) PTE LTD (fa Mc>tn Vulnalary L%Mln) At an Extraordinary General Meeting of the Company duly convened and held at 20 Maxwell Road *06-03 Maxwell Home Singapore *****3 on 17 April 1996. the following
      538 words
    • 271 16 NOTICE NOTICE IS HEREBY GIVEN that, I S. RAMANATHAN of 65A-75A, Desker Road Singapore *****8, have applied for a Wholesale Liquor Shop and Retail Liquor Shop Licence in respect of M/s PATHMA TRADING ENTERPRISES PTE LTD located at 65A-75A Desker Road Singapore *****8, and that this application will be considered
      271 words
    • 394 16 Singapore Closing Share Prices 10/04/1096 CLOSE PREV LOW HIGH till## US$ uss uss uss Mill/ Jardine Mattmon 8.06 8.05 7.06 8.06 FlffliU J»n!lne Strategic 3.24 3.26 3.22 3.26 ITOV J Dairy Farm 0.036 0.02 0.02 0.04 Hongkong Land 2.24 2.22 2.22 2.24 ■■■naBR Mandarin Oriental 1.38 1.36 1.36 1.38 Jardine
      394 words
    • 163 16 Il eM' The 1 Business Times A bold new look and a ftesh approach to the news and views. Faster with the news, and with the meaning of the news. Sharper focus on business and markets. •Deeper analysis of trends, and me opinion and commentary. -g*Start my THEBUSmESSTIMES Subscription now!
      163 words

  • EXECUTIVE Lifestyle
    • 1540 17  -  As Asian economies explode, scores of young Asian Americans are returning to Asia with professional ambitions and romantic notions of reconnecting with their roots. pasha takes a closer look at the Asian American 'repaf movement KAMRAN PASHA Asia is a hot destination. Now that the US
      Ilustration By Ben Cruz  -  1,540 words
    • STRAWS In The Wind
      • 86 17 THERE are some people you can never get on the telephone: they are Invariably at a meeting. Sometimes you wonder. The truth Is: sometimes they lie. Case In point: a journalist calls a contact and Is told, "She's in a meeting. Let me put you through to her
        86 words
      • 98 17 ARE there women out there who are still mystified by men? Here are some facts about men, from one Rita Rudner who has obviously been observant: Men who have pierced ears are better prepared for marriage. They've experienced pain and bought jewellery. A good place to meet
        98 words
      • 44 17 A NEWS agency reportedly sent out a despatch about a Siberian conservation group which intercepts tiger parts and other items destined for mainland Chinese dinner tables. "The team has confiscated 16 tiger skins last year as well as several leotards," it said.
        44 words
    • PROFILE
      • 3063 18  -  How does Michael Fam, the executive chairman of the Fraser Neave Group, manage to run so many companies and hold so man/concurrent positions? In this interview from Leaders Of talks to mhuuiib chew about his youth, education and manageotent style MELANIE CHEW WHEN
        PHOTO FROM 'LEADERS OF SINGAPORE'  -  3,063 words
    • RETAIL
      • 1028 19  -  Chocolate is a versatile substance. You can sculpt it, cook with it make it less sweet, anil givg it a higher melting point to suit your climate. And now you can even go to school to learn more about it khvdt suluvaiv has the details KEVIN
        ARTHUR LEE  -  1,028 words
    • 561 20  -  CINEMA White Kan's Borden is the kind of movie that looks good on paper but soon exhausts its possibilities By\ Shahiron Sahari WHITE Man's Burden is based on a very interesting idea what would American society be like if the roles were reversed and the black man
      561 words
    • 713 20  -  TELEVISION The X-Files is fall of puzzling phenomena and unexplained mysteries. For starters, why on earth is it so popular with otherwise sane and discerning individuals? By] Kevin Sullivan IJUST don't get The X-Files, a series universally praised for its slick, '90s treatment of sci-fi fantasy. I
      713 words
    • 537 21  -  NIGHTSPOT Let Sean Boyle, general manager of The Charleston Show Bar, entertain yon with songs from the '20s Byi A Surendren IF A watering hole is called The Charleston, chances are it would be the kind of place where the music of the 1920s is played,
      CHRIS LOH  -  537 words
    • Article, Illustration
      412 21  -  Compiled by, Holly Harrison film soehhmuki Max Hsftlur The NUS Centre for the Arts will screen director Fons Rademaker's Max Havelaar. Set in the Dutch East Indies (now Indonesia) in 1855, the film documents the local peoples' lives under the rule of corrupt princes in collusion with colonial
      412 words
    • EPICURE
      • 628 22  -  Maxim's latest menu eschews traditional cream-heavy fare in favour of cooking that emphasises the taste of super fresh ingredients. JMiMßWßtacks in JAIME EE WHAT do you do when you're an established French restaurant in Singapore trying to stay competitive in a market saturated with too many
        CHRIS LOH  -  628 words
      • 674 22  -  RESTAURANTS The Chinese Pauls Restaurant is net for the faint-hearted. Opt fer mm of it* delidens, Gary hot CODMCtiOU, and youUsoon find ont why By Jaime Ee CONGEE and tofti may sound Hk» a gastronomic feast for a flu-ridden patient, but done the
        674 words
      • 810 22  -  WINE CONNOISSEUR Yereaa's Vinitaly may net be as big an event as Bordeaux's Vinexpo, but it is definitely a lot more fan By N K Yong THERE are many beautiful cities in Italy, but none as unique as Verona which Shakespeare immortalised in his romantic tragedy
        810 words
    • Article, Illustration
      1030 23 Bah* A lonely piglet is adopted by sheepdogs. Tampints: 11.90; 1.90; 6.15. Bed Of Baeaa. Oddball actor CkMaa Sitter redefine* himfll as a romantic guy in a charming film about love. Also stars MM Stuart Maitumt jg Ylshun: 5.10; 11.50; 1.15 am. Bitten; 4.45; 11.55. Tkmg Bahru*| 11.45. Cathay:
      1,030 words
    • TRAVEL
      • 992 24  -  Montreal, the people are proud of their French pedigree, pleased to speak She language, and not slow or hesitant to pipe up for what they consider a just cause. Mill flimm takes in the ambience of Quebec's biggest city MARK GRAHAM ARE to suggest that
        ALL PHOTOS BY MARK GRAHAM  -  992 words
      • 402 24  -  TRAVEL BRIEFS Harriett te announce new extended-stay hotel By Eileen Chan MARRIOTT International's Lodging group will Introduce a new ex-tended-stay hotel to meet the growing customer demand for moderately priced extended-stay accommodation. A new hotel brand is expected to be announced soon and Marriott
        402 words
  • Page 17 Advertisements
    • 8 17 Leaders of Singapore Michael Fam EL 2 m
      8 words
    • 69 17 Travel A French of Montreal EL 8 Tke first amendment. A completely new menu presenting tke very latest in lighter; healthier cuisine from America. It's the first amendment in a whole string of changes we're planning at Seasons. And one that's ideal for the constitution. SEASONS at the Four Seasons
      69 words


  • Page 19 Advertisements
    • 406 19 Winning The U.S. Masters Is As Simple As 1-2-3. Initial Velocity Get More Explosive Optimum Launch An Ideal Spin Rate For More Cany, Power From The T-Zold Design Angle, Even On Less Slice And Less Hook The first step in generating a longer drive is to maximize LBSS-Thail-Optillllllll Shots One
      406 words

  • Page 20 Advertisements
    • 567 20 EZ33ME3I IB WHERE to wine, dine and entertain .11 .1 i Seoietwued' Week Special Treat your secretary with our special set menus AvataMe from Apr 22 ID Apr 27 LONG EEACH SEAFOOD RESTAURANTo**. «~~4> W»tn| THiCI»M| WWlMlftiWfrtiiii Ttt MSKUJ (»M Mf: 11» k SMpa itlSaa PALM SPRINGS SEAFOOD RESTAURANT MMM**
      567 words
    • 142 20 I a i t<in i n a LUnCn wiui I Oil BBC HOC I HC n^CZZMMIK. Our Sophisticated Sandwiches, with names inspired by faraway places, arc a crip in themselves. So are our quiches, salads and sinful desserts In the inviting ambience of The Mezzanine, youll indeed have a most
      142 words

  • Page 21 Advertisements
    • 170 21 Where to wine, dine and entertain compfifnt Start*™ to show your appreciation. I r «k i f 11 k*± MHJAMANI UWI LUNCH BUFFBT LUNCH ILOCM-2.80PM 12.00m-2.SOPM Adults2Mo ChMd:sie.OO Ackitts22.oo CMM4IB.OO -Dotty Lucky Draw and -Grand Lucky Draw with Fashion Shaw at 1145pm attractive prizes. -Special doer gift* for -Special door
      170 words
    • 165 21 now trent her at our atahle of great restaurants. Wine her and dine her at the I lubertus Grill or Cafe-in-the- Fkit. Short of a raise, it'f the moat eloquent way possible of saying thanks to a wonderful secretary. So eloquent, in fad, ou should haw her eating out of
      165 words
    • 240 21 22 27 April 1996 Salute your secretaries at our Golden Shower Room (Mezzanine Floor) with the sumptuous East Meets West" Buffet lunch. Catch Singapore's funny man Gurmit Singh on Wednesday 24 April 1996 $40 nett except 24 April 1996 $45 nett (24 April 1996 Free flow of Evian water A
      240 words
    • 63 21 .n" (WHOUOH rnmom MfcfmwtoK gfc— 221-1811 or 322-4224 OpmttopubMc, tmfmkMm airfM 4 •mdmono "libotap Plckks •MtxtdJhiltM ■nv m«|HB SI iSScwfoSr *CuSxiiS*** I 6 Martna Smv »igapa»»ol*7ft m 12 noon to 2JO pm. Adult $25.00*/ Child (below. 12 yr%): $17-50* PHOENIX OOFFEE HOUSE Hold Phoenix Basement.Orchard Road/ Somerset Road. S(2SSS6B). Tel:
      63 words


  • Page 23 Miscellaneous
    • 1879 23 TODAY'S TV KBCOmiliiinßD fIIiWIMCI MNTV Innovations. MQ AM TV Innovations: AMCto* TBl)6 v in plastic surgery. A Revolutionary Home {pßyr HHHBHHHHHHH fmilKlo Simplestoryofboymeets ILM SSfSLtyMudcand AMPn*Sumn»ry. ITOUDI6 girl that's given charm by Dance A Re-creation A I J 4 -R;| AM Good Morning MalayFox and his lovely co-star (See Highlights).
      1,879 words