The Business Times, 27 April 1996

Total Pages: 28
1 28 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 04(V12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE WEEKEND EDITION, APRIL 27-28,1996 85*
    14 words
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  • 717 1  -  Clause 1010 thrown out; new provisions take immediate effect By Lee Han Shih [SINGAPORE] The Stock Exchange of Singapore has overhauled its rules governing transactions between listed companies and related parties. Acknowledging inadequacies in its current rules, the SES threw out Clause 1010, which
    717 words
  • 515 1  -  By\ Michelle Low [SINGAPORE] The government will sell U.S ha of land in 13 parcels for commercial development this year, with a surprise project thrown in the conversion of the landmark Fullerton Building into a hotel. This year's commercial sales announced in
    515 words
  • 324 1 No impropriety in purchases by SM, DPM Lee, says PM [SINGAPORE] The Prime Minister has decided that all ministers making property purchases must in future clear the purchases with him and declare both the purchase prices and the discounts they know they
    324 words
  • 157 1 [SINGAPORE] Senior Minister Lee Kuan Yew »nrf Deputy Prime Minister Lee Hsien Loong will treat the property discounts they received from Hotel Properties Ltd as unsolicited "gifts" which they will give to the government They said this in a statement last
    157 words
  • 148 1  -  From Conrad Raj in Boris INDONESIA-BORN Sukamto Sia has resigned as chairman and director of Transmarco Ltd and all its subsidiaries with immediate effect. A statement by Transmarco to the stock exchange yes- terday did not give any reason for the sudden resignation.' Contacted yesterday,
    148 words
  • Page 1 Advertisements
    • 86 1 mk a (MMtowl fonnar Australian prime iUntatar Bob Hawke tent about to retire yet. Not b y W& aNM^BL2 A WWTIMB gtojfc Transmarco's •here price, which has jiaoi solely on pnwdiiUoM of what Mr vulnerable. L Pull itttfton stffi five years but some selling tre on shares cxmcted. Tipsam +tan
      86 words
    • 17 1 SES takes 180-degree turns on two rules, Pg 7 Fierce hkldlwg likely for underground mall site, Pg2
      17 words
    • 32 1 Alfred Dunhill -i > Printed Ties I QkwAitl/Summer $96 Go/Section, i/ufi<red tAe (jartbbtan. ill C/assic& to- si/ice fiffiS. Hltit ~ij/rtt/ unAdlat tAe {Sarapon,. Vpee City., Jopa baffle* Gitp ant/ Qtkumaru %auup Court. I
      32 words

  • SINGAPORE AT HOME & ABROAD
    • 424 2  -  Singapore's offer to WTO will end SingTel's exclusive franchise before 2007 By( Genevieve Cua SINGAPORE Telecom's current exclusive franchise to provide basic telecommunications services until the year 2007 will be rendered meaningless by Singapore's latest offer to the World Trade Organisation's telecommunications
      424 words
    • 493 2  -  Foreign and big local developers turn np at URA's tender lannch for Esplanade Mall By. Abdul Hadhi DESCRIBING it as the "jewel" of this year's commercial site sales programme, the Urban Redevelopment Authority (URA) yesterday invited tenders to build Singapore's first
      ARTHUR LEE  -  493 words
    • 215 2 MORE Japanese visitors in March helped to boost Singapore's visitor arrival figures to 641,482, up 3.5 per cent from the number in the same month last year. The latest statistics released by the Singapore Tourist Promotion Board (STPB) shows that the
      215 words
    • 260 2 THE proposal by the Real Estate Developers' Association (Redas) to keep at least 50 per cent of a residential project for public launch has failed to find favour with a number of developers. Redas suggested the idea effectively a 50 per cent cap
      260 words
    • 493 2  -  SfagqNre group eyes foreign listing of bidon, lTsian, Philippine and HE operations Reports Jenny Lam HOMEGROWN Royal Sporting House (R8H), a msjor sports and fashion distributor and retailer in the region, plans to list some of its overseas operations within the next five
      493 words
    • 353 2 US-BASED sports footwear retailer The Athlete's Foot plans to open around 500 new franchised shops in the Asia-Pacif-ic region within five years. And it is launching its first megastore in Singapore at the Suntec City Mall today. Athlete's Foot president
      353 words
    • NEWSRoundup
      • 99 2 UNIONS must look into how it can also serve the growing number of workers on part-time work, temporary contracts and flexible work arrangements, National Trades Union Congress secretary-general Lim Boon Heng said in his May Day speech. Urging unions to adapt to changes,
        99 words
      • 99 2 THE Feedback Unit seeks this year to tie up with more organisations like trade unions and tertiary institute student groups, Its chairman Ow Chin Hock said yesterday. It also hopes to hold 36 dialogue sessions, ufe from 24 last year, and to obtain more feedback
        99 words
      • 73 2 THE Singapore Broadcasting Authority win require all" developers and owner* of new private residential projects including condominiums and cluster housing to ensure their buildings are cable-ready. SBA will issue a direction in July undo* the SBA Act to require the installation of Master Antennae
        73 words
      • 125 2 JAPANESE personal computer giant Fujitsu signed upas Tele Tech Park's anchor tenant at the oentre's topping out ceremony yesterday. The company has taken 50,000 sq ft, or 25 per cent of the net lettable area available, to house its R&D activities. Fujitsu is also
        125 words
    • 524 2 PRIME Minister Goh Chok Tong wants, at the next general election, to spell out a vision for the 21st century an "elaboration and enhancement" of the 1964 vision. He said this in an interview with Asiaweek published in
      524 words
    • 229 2 THE Inland Revenue Authority of Singapore (IRAS) may impose a fee on taxpayers who seek assistance from the Student Volunteer Tax Service in filing their tax returns. The fee, to be donated to charity, is just one of several new measures being
      229 words
  • Page 2 Advertisements
    • 82 2 fr'fr gpoie Shopping Centre #01-23 Tel: 339 1058 &\ffifi SINGAPORE WOODCRAFT MFG CO PTE LTD 11 (HP Maln Showroom: Mufti Colour Furniture Bidg. 6 5 30 Alexandra Terrace Tel: 474 0389 J H 3haw Centre #03-01 Tel: *****47 -j Rosewood Corner Chair, Pumpkin Stool, Nest of Tables (1 set/4) SPECIAL
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  • Page 3 Advertisements
    • 93 3 I^okLAlNALJQ^^^^^^^^K J 4 .-J JBI fcATEST COMhOCIAI ijßfc^,v^ r f -^J^BF jTiiMialfii? *ir f n mfr -v wwt v ngpr IrglKly^^#-uJtv ;\t=. -><- v «f f J»-j^ i >>^ C|r V4a > FOR DEVELOPERS ISifc I 5 :::s H r. w mm Z±i* M WITH VISION AND FORESIGHT. ii jii
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • 733 4 Those polled for their views on the Singapore stock market's outlook in the week ahead are: ING Barings, Fraser Securities, GK Goh, Kay Hian James Capel, Deutsche Morgan, Nomura, OCBC Securities, Phillip, Merrill Lynch. STIC ♦Singapore Technologies Industrial Corporation (STIC) is investing US$4O million (Sss6 million) in
        733 words
      • Article, Illustration
        408 4  -  Poter Hames Diractor, Aberat Fnd Kuafln (Sagqnre) Ltd {{T N MY opinion, stock I picking, rather than X country allocation, is becoming increasingly important as the way to achieve superior long-term investment returns in Asia. There are a number of reasons why this should be so. For
        408 words
    • 902 4 A look at how dollar cost averaging can help smooth out investment exposure in a volatile market [SINGAPORE] IT IS every investor's dream to be able to beat the markets to buy during the lows and to sell during the highs. But there is no magical
      902 words
    • 558 4 Hnnt for hot stocks in the US now focuses on small companies at expense of bine chips LAT [NEW YORK] In the hunt for hot stocks on Wall Street, the preferred tool has shifted from elephant gun to magnifying glass. Small-company stocks, which have
      LAT  -  558 words
    • 641 4  -  BTB OK THE REOXOM: THAILAND From, Alan Boyd in Bangkok WANING prospects of an interest rate cut have brought more gloom to the Stock Exchange of Thailand (SET). The prospect of poor firstquarter bank earnings and stringent central bank monetary
      641 words
    • 605 4 Bank of CNna 25.000 249.999 ***** 5.9400 6.1900 A$ HO.OOO 500.000 1*00 10*00 ***** 0 300 49,999 *HW 1H00 *1125 50 000 (Abcv* »TOO *1125 ***** $00,000 1499.999 14)00 U200 1M00 Dmk U Ml <999.999 5.5400 ***** 7.0000 10.000 49,999 2.4J75 2JBS ***** |nd Ro xyxiHm* 2
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  • REGION
    • 727 5  -  DnUAM ELBCTIOtrS Bit mi iiiji im»il iwtesprMi may giro BJP magical number needed fcr dominance from. Prem Shankar Jha jh New Delhi f SINCE India gained its independence, the Congress party has dominated the centre with 40 pa* cent or more of
      727 words
    • 744 5  -  jJHHLCW|UM(llL By Yang Razali Kassim RUNEI'S vision of an earlier Afla —Afta 2000—is back in BK business, judging by events at the Asean Free Trade Area Council meeting in Singa'jjore. A year ago, Brunei Sultan Hassanal Bolklah stunned the region when he
      744 words
    • 364 5 KUALA LUMPUR AFP MALAYSIAN Prime Minister Mahathir Mohamad yesterday said he had met up with his po- litical arch-rival Razaleigh Hannah, who nine years ago tried to unseat him as chief of the country's ruling party. After months of specula- tion that Dr Mahathir's
      AFP  -  364 words
    • Article, Illustration
      61 5 [NEW DELHI] Indian government workers on poll duty loading ballot boxes and clay pots for drinking water onto a truck yesterday to take to polling stations on the eve of the first phase of Indian elections. Polling begins today for 150 Lower House parliamentary seats out 0f543 constituencies.
      REUTER  -  61 words
    • 588 5  -  ULUCKNOW Observers believe BJP has upper hand in this crucial state By Yogi Aggarwal AS INDIA goes to the polls today, all eyes are focused on Uttar Pradesh (UP), which decides on 85 of the 545 members of parliament UP is the political
      588 words
  • Page 5 Advertisements
    • 93 5 IN! Ashmore in Gold Coast, Australia, J N is the Beverly Hills in the U. S. or the District 10 in Singapore! S S Classic Architecture Freehold Title B High Quality Fixtures Strong Rental Demand J Fittings Assured Capital Growth B Fully Landscaped Walking Distance to J S Interior Decorated
      93 words

  • REGION/WORLD
    • 411 6 SHANGHAI Ihejratfartsrf three central Aiiftn republics aim sign sane security treaty Reuter AFP THE presidents of Russia, China and three central Asian republics yesterday signed a treaty aimed at reducing tensions along their borders. President Boris Yeltsin and Chinese President Jiang
      Reuter; AFP; REUTER  -  411 words
    • 363 6 LONDON USiffidalsw&it McwtiUu satellite markets Bloomberg Business News US TRADE officials made lastminute demands for access to Asian satellite telecommunications markets, threatening to stall a World Trade Organisation pact that is due to be concluded by Tuesday. The US Federal
      Bloomberg Business News  -  363 words
    • 240 6 JAKARTA Reuter THE Indonesian government has postponed the implementation of higher bus fares in a provincial town after intense student protests against the move, the official Antara news agency said yesterday. Residents said at least six students were killed and hundreds were injured
      Reuter  -  240 words
    • 200 6 BEIJING AFP HONGKONG Chief Secretary Anson Chan yesterday met Beijing's top official handling the territory and handed him a painting which called for a transition of sovereignty on equal terms. "I hope the talks will move on smoothly," Ms Chan told reporters as
      AFP  -  200 words
    • 294 6 WASHINGTON Bloomberg Business News US HOME resales surged last month, although analysts said the unexpected gain was most likely due to buyers hurrying to sign contracts before mortgage rates rose further. Resales increased 6.9 per cent in March to an annual
      Bloomberg Business News  -  294 words
    • 287 6 TOKYO Govt says tbey will boost economy and create new jobs AFP Bloomberg Business News JAPAN, grappling to maintain its competitive edge, yesterday announced It would promote foreign investment in its private sector by inviting mergers and acquisitions The cabinet adopted a
      AFP; Bloomberg Business News  -  287 words
    • Article, Illustration
      2 6
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  • Page 6 Miscellaneous
    • 73 6 Gary Trudeau mmmrnmmm )aK /976K0K jb I HHf, YOUNGSTER! \CARP. MY OADLGFTITTO UT7IS BROTHER. HF9/N THE ANPPI&ASE J \6OrSOMETHNG f j >»' I ME. HEUSS>TOSAYY(XJ HOSPITAL NOUJ, ANP WE'RE THL THE I FORMBTOSi6N*) SK~J WERSTHE RN&STGENTLE NCJTSUREHES6ON6 JO MAKE UTTIE6UY Doonesbury by garry trudeau BASE,THG& THREE. HEY, MAN, ARE Y&,BUT
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  • COMPANIES & MARKETS
    • 687 7  -  It is also trying to remove the three Tan brothers from Pengkalen board Prom, Ho Kay Tat in Kuala Lumpur MALAYAN United Industries Bhd (MUI) yesterday secured a temporary court order to block Pengkalen Holdings Bhd (PHB) from disposing its
      687 words
    • 423 7  -  Pacific Aatys plans for subsidiary From* Quak Hiang Whai in Hongkong PACIFIC Andes International Holdings (PAIH), a HongkongQitSfl food-processing company, yesterday said it will spin off its frozen seafood trading business in a Singapore primary listing. The announcement came barely a
      423 words
    • 103 7 Bloomberg Business News (SINGAPORE] Trading in the stock and warrants of LAM Group Investments was suspended yesterday at the company's request. Trading was stopped after the counter rose by as much as 10 cents to a three-month high of $3.28. It was 6 cents higher at $3.24
      Bloomberg Business News  -  103 words
    • 518 7  -  HOCK LOCK SIEW Ruth Wong SHH HE writing was all on the wall. Since his highly- publicised corporate bat- ties, Samsudin Abu Hasm san's days as one of the m leading personalities of the Malaysian stock market have come to an end.
      518 words
    • 301 7  -  Shareholders okay sale of 8 Costa Rhn nnits to directors Byy Ven Sreenivasan [SINGAPORE! Shareholders of property group Amcol Holdings have approved the sale of eight Costa Rhu condominium units to its directors. The approval was secured at a meeting yesterday attended by 25
      301 words
    • 359 7  -  By' Tan Sai Siong [SINGAPORE] Two of the changes made by the Stock Exchange of Singapore yesterday to its rules governing interest-ed-person transactions have taken 180-degree turns. First, it has freed past substantial shareholders and past directors completely from its coverage in contrast
      359 words
    • 290 7  -  By] Diana Oon [SINGAPORE! The Bank of America (BofA) will be the biggest tenant in City Development's Republic Plaza I, having made a deal to rent about 100,000 sq ft of space in the 66storey building. With BofA moving in, it
      290 words
    • 375 7 [SINGAPORE] It happened again yesterday. Last-minute transactions sent the benchmark Straits Times Industrials Index zigzaging this time upward to close 16.8 points higher at 2,401.55. Fraser Neave (FAN), which jumped 30 cents in its last transaction, added six points to the index, while Cycle
      Source: Bloomberg; BCRUZ  -  375 words
    • 218 7 [SINGAPORE] Construction group Low Keng Huat yesterday said it had chalked up net losses of $3.6 million for the year ending Jan 31, compared with net earnings of $2.12 million the year before. LKH blamed the plunge on several factors: losses of $3
      218 words
    • REGIONAL COMPANIES
      • 451 8  -  Disclosure comes with company's report of HKsl3m net loss in first quarter From Quak Hiang Whai in Hongkong SINGAPORE-BASED but Hongkong-listed Sum Cheong International appears to be headed for more trouble. The construction and mining group yesterday reported a net loss of HK$l3.4 million (552.4 million)
        451 words
      • 245 8 [SINGAPORE] United Overseas Land has proposed to issue up to 58.91 million warrants, in connection with its $200 million transferable loan facility (TLF). The detachable warrants will be issued to UOL's parent United Overseas Bank, which will
        245 words
      • 363 8 It hopes to be invited to submit rescue proposal MBT [KUALA LUMPUR] The Lion Group has expressed interest in helping to turn around troubled national steelmaker Perwaja Steel Bhd and hopes it will be invited to submit a proposal. The Lion
        MBT  -  363 words
      • 317 8 MBT [KUALA LUMPUR] Oriland Sdn Bhd, Selangor Properties Bhd's joint venture company with Hong Leong Properties Bhd, is expected to start developing phase one of the Msl.B billion (Ssl billion) Damansara City project in June. Selangor Properties group general manager Lai Mei
        MBT  -  317 words
      • 393 8  -  Byi Siow Li Sen (SINGAPORE] The initial public offer of Hwang-DBS (M) Bhd the first Malaysian stockbroker in four years to seek a listing after a government freeze was lifted in June has attracted subscription monies totalling MS2.I billion (511.2 billion). This was disclosed
        393 words
      • 318 8 Shares issued at Ms 3 each close at Ms 9 J5 after a M 59.80 high Bloomberg Business News [KUALA LUMPUR] Global Carriers Bhd's stock price more than tripled in its debut on the Malaysian market yesterday. Shares of the shipping company opened at
        Bloomberg Business News  -  318 words
      • 451 8  -  From. Ho Kay Tat in Kuala Lumpur MALAYSIA'S car company Proton is tightening the screws on local component suppliers by asking them to cut their prices by 30 per cent. Industry sources said the suppliers were also told that those
        451 words
      • 129 8 [SINGAPORE] Paging operator ST Messaging, a subsidiary of Singapore Technologies, has awarded a contract for the supply and installation of its paging network to Glenayre Electronics Inc. ST Messaging said yesterday that it would spend over $5 million on the advanced paging and messaging network.
        129 words
      • COMPANY Briefs
        • 49 8 [SINGAPORE] Wearnee International has sold its entire 34.5 per cent interest in Indonesia's PT Fuka International for 662 million rupiah (S$400,000). The buyer is AB Electrolux, which is alao acquiring the remaining 66£ per cent interest In Fuka flroni PT Fuka SaJa Permal.
          49 words
        • 64 8 [SINGAPORE) Informatics Holdings associate Beaconhouse Informatics has increased its paid-up capital from SO rupees to 10 million rupees (8900,000), by an allotment of 888,985 shares of 10 rupees each. Informatics will haw a 20 per cant equity stake in Bsaconhouae, with a holding of 188,960 ordinary
          64 words
        • 36 8 [SINGAPORE] Liang Court Holdings has sold its entire stake ofBo,ooo shares of 91 each in Liang Court-Vekkm Pte Ltd (LCV) to Maria VeMon, the wift of LCV director Richard Vsldon.
          36 words
        • 63 8 Reuter [HONGKONG] The Hongkong Stock Exchange has censured former Allied Group chairman Lse MingTes fcr breaking its listing rulse. The outcome eodsd almoet three years of investigation into the transactions and share trading at Allied Group companies. The inquiry arose out of a government
          Reuter  -  63 words
        • 34 8 Reuter [JAKARTA] Indonesia's Salim Group said yesfeartiay its chemical units have signed deals worth U***** million (***** million) with several Japanese firms to raise caustic soda production capacity.—RmiHr
          Reuter  -  34 words
    • INTERNATIONAL COMPANIES
      • GLOBAL Briefs
        • 71 9 Bloomberg Business News (MSXICO CITY} Plan* Hollywood International tac, the worldwide chain of movie-memorabilia bedecked gttauiants, plans to «pend USSB.S mllliott(Sfl 1.9 million) to build four new outlets in Mexico, R<ft>rma reported. The I company, which operate* a restaurant in the Caribbean reeort city
          Bloomberg Business News  -  71 words
        • 54 9 Bloomberg Business News [MOUNTAIN VKW. California! Silicon Graphlct Inc 5 nported lower- flactl thinHuartar mnlM as the company was unable to meet demand for new products. Silicon Graphics said net Income ft* the three months ended March 31 fcfl to USIS3 million million), or 31 cents
          Bloomberg Business News  -  54 words
        • 46 9 Bloomberg Business News CarnaudMetalbox it doesn't already own. In a legal filing, the company based in Philadelphia, Pennsylvania, said ft will offibr 225 JYench francs for the remaining shares, the |ame price it (laid CarnaudMetalbox shareholders hit 1 February.—Bloomberg Busines* New*
          Bloomberg Business News  -  46 words
        • 51 9 Reuter ewsss^^s^- broken down. Daily Variety reported yesterday. They say New World wants US$29 per share, while Newt Corp Is not willing to pay more than US$23. New World is also said to have wanted a cash deal, while News Corp was looking
          Reuter  -  51 words
      • 480 9 Executives want to protect shareholders from events that can send stocks tumbling Reuter [TORONTO] A growing number of US businesses are turning to insurers to provide them with protection against events that could trigger a sudden drop in their earnings or in the
        Reuter  -  480 words
      • 444 9 Bloomberg Business News [STAMFORD, Connecticut] Xerox Corp's first-quarter profit rose 27 per cent on pickup in digital copier sales and a rejuvenated sales force, propelling shares to their highest point since the *****. Net income rose to US$237 million (*****.8
        Bloomberg Business News  -  444 words
      • 397 9 Proposals said to have been delayed by talks with Treasury Reuter [LONDON] The London Stock Exchange (LSE) said on Thursday detailed plans for the introduction of an electronic trading system will be issued in June once broad agreement on
        Reuter  -  397 words
    • SHIPS IN PORT
      • 573 9 MM MMi N^rtifi MfV JM|M MlWiU>li| 1 JO* llmim 27.04/125* lOrMSM 04/* JM HimiHI 02.05/1200 M*4 2 Jtt lllilllll 27 04/T700 LmM 09M JOt Mi*M 27.04/1000 MM JM 27.04/W0 *04 JOt mmKi 27 04/0*00 MM* 0401* J20 IIHHlHl 27.04/2300 M»7t«t 07* J02 llliplll 27.04/0200 «W««" 04.01 J8 ftipMl
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      • 1606 9 RECEIVING Of EXPORT FCl COHT/UHEIS AND Lft CAEOO SM» Vn* ttWHr NrlX Fni T» frm laM tm 21/0*00 MM Mm 2VW0 > >mw n/m n/MM 4 n/wo vnm arm taS" Si mi i 21/BOO WHS* 2*/WM I nam n/m n/MM 4 n/wo n/MM n/wo 5S So MOM i
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    • FINANCE & COMMODITIES
      • 349 10 It fears serious profit erosion if lower rates are given to existing borrowers paper Bloomberg Business News [HONGKONG] Hongkong's banking regulator is concerned that banks' stability may be threatened by a mort-gage-rate war, the South China Morning Post reported. An unidentified official in the
        Bloomberg Business News  -  349 words
      • 365 10 Stocks expected to fell this year to lowest since IMB FT [LONDON] World grain markets soared on Thursday, setting new record prices for wheat and maize, with stocks expected to fall this year to their lowest levels since 1948. Dan
        FT; Source: Bloomberg  -  365 words
      • 356 10 UBB/buu4b The greenback rallied to a high of 1.5349 by Thursday, after breaking from a double-bottom pattern on the weekly chart. Strong resistance is seen at 1.5404, the upper trendline value of the bullish channel that the unit has been trading within since last October.
        Source: DBS Bank; ALLAN  -  356 words
      • 43 10 [HANOI] A teller at Vietcombank carrying a giant credit card past a stack of money on her way to a press coherence yesterday. The Bank of Foreign Trade for Vietnam has issued the communist country's first pay-later credit cards. REUTBR
        REUTBR  -  43 words
      • 321 10 NST [KUALA LUMPUR] The government has announced a Ms 3 billion unit trust fund for Malaysians aged between 12 and 30 to give them an opportunity to invest in a common fund. Called Skim Amanah Sahara Wawasan 2020, the fUnd will
        NST  -  321 words
      • 273 10 Reuter [LONDON] Coffee producers meet here next week against a backdrop of strong world prices and dwindling world stocks which they say vindicates their programme of export curbs and reinforces Us future need. "We now have evidence that our plan has worked. Coffee inventories are
        Reuter  -  273 words
      • 167 10 AFP London THE dollar strengthened against the mark after German Chancellor Helmut Kohl had halved forecast growth of the German economy this year to 0.75 per cent, underlining concern that activity is very weak. The pound sterling, in contrast to other European currencies which benefited from the weakness
        AFP  -  167 words
      • 299 10 ENERGY REPORT Reuter [MOSCOW] Russia's top oil companies said yesterday that they faced the fight of their lives if a communist wins the June presidential election, but industry analysts saw less cause for gloom and doom. Russia's new black gold giants speak
        Reuter  -  299 words
      • Article, Illustration
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    • 1468 11 Reuter Q Nikkei 225 ♦4J3 SHARES ended flat, consolidating their latest gains ahead of a long weekend. Brokers said indices' upside may be limited until the end of Golden Week a series of national holidays next week despite an unchanged bullish outlook in the near term. The 225-share Nikkei
      Reuter  -  1,468 words
    • Article, Illustration
      1600 12 AFX-Asia Q Hang Seng -3»M SHARE prices closed lower in a day of sideways trading in a market devoid of any fresh leads, dealers said. The Hang Seng Index closed down 20.59 points at 10,732.79. Turnover was HK53.46 billion. A dealer said the market lacked direction and drifted throughout
      AFX-Asia  -  1,600 words
    • Article, Illustration
      583 12 Reuter Q Shanghai B Index *L 22 THE Shanghai B market closed up 1.22 points, or 2.5 per cent, at 49.76 on expectations of a rate cut and the surge in the A share market, brokers said. Volume was also heavy at 15.5 million shares worth US$5.4 million. "Most
      Reuter; Source:  -  583 words
    • 350 12 AFP OWPMn *um SHARE prices finished higher, fuelled by banking and insurance issues. Some speculative investors targeted financial plays while most market participants stayed on the sidelines, said a dealer. The Weighted Price Index rose 81.06 points to 6,051.21. Turnover was 1.99 billion shares worth NT577.85 billion. Risers beat
      AFP  -  350 words
    • Article, Illustration
      646 12 AFP nOmqiMtohig +1M SHARE prices closed higher as cigarette stocks rallied. "The sole reason for the rise in the market is cigarette stocks. Gudang Garam had a stock split and Sampoerna was just trailing behind," said a dealer. The Composite Index added 2.86 points to 628.24. Turnover was 130.4
      AFP  -  646 words
    • Article, Illustration
      792 12 AFP n SET Index -444 SHARE prices closed lower as investors worried about worse-than-expected economic figures released by central bank earlier, brokers said. "The market was quite weak as some economic indicators announced by the Bank of Thailand were worse than expected, especially trade and current account deficits," said
      AFP  -  792 words
    • 298 12 AFP Qjwfc *rx SHARE prices rose, boosted by improved quarterly profits for Petron Corp. The PSE Index rose 7.27 points to 2,960.58 points. Turnover was 5.8 billion shares valued at 4.2 billion pesos. Petron Corp said on Thursday its net profits rose 9.4 per cent from a year earlier
      AFP  -  298 words
    • 399 12 AFP POwnpoatehlg -OJ2 SHARE prices ended marginally lower as some indexlinked blue chips met with profit-taking. The Composite Price Index slid 0.12 point to 964.57. Turnover was 44.2 million shares, worth 968 billion won. Falls beat risers 450 to 351, with 113 stocks unchanged. Many blue chips lost ground,
      AFP  -  399 words
    • 589 12 AFP FlAllOrihjriaß H. 7 SHARES rose, but the index finished the week 15 points short of the 1994 record of 2,340.6 points which brokers thought attainable earlier. The All Ordinaries Index, ended 9.7 points up at 2326.0. Turnover was 418.10 million shares, worth All .06 billion, with rising issues
      AFP  -  589 words
    • 260 12 Reuter QWeUingtan +&80 THE NZSE Top 40 Index rose 5.80 points to 2,147.46 as the domestic currency's decline against the Australian dollar and the prospect that pulp prices will recover boosted the market. Reuter 1 *f- WW AN2S4nMn« 7.15 "0.05 *****9 Advtntpqpi HMf> 14* 0.04 22*00 MHmZnMW 140 unch
      Reuter  -  260 words
    • KUALA LUMPUR STOCK MARKET
      • 7153 13 KUALA LUMPUR Reports Bloomberg Business News Reuter P Composite Index +IL2> INSTITUTIONS picked up blue chips in the afternoon to reverse the market's lethargic start, dealers said. "Investors were coming in to buy after seeing that the selling has been well-absorbed," said a
        Bloomberg Business News; Reuter  -  7,153 words
    • WARRANTS&OPTIONS
      • 3470 14  -  WARRANT WATCH AAI CI -By\ Paul Leo SOMETIMES, it is better to go with the market view and try to pick the stock or warrant that will benefit from that view. 101 Corporation warrant is one such example. Market talk is that investors, especially
        3,470 words
    • 1792 14 _Vo». On LMt Owte Ml nilM MC4» u» x— ci—■» sm* rooo) mm» u> »«yc mm c*r rn %mrn *2 4M 470 4M 4M 10 4J U tfj 4RJ *1 2" >#5<k 45 **J »J 4.0 10 II 40.4 nu Alcom 220 ci 220 2J 21f 2711 2
      1,792 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1034 15 TUtttOVO (-000) VALUC CO00) IMfc Cf» THH ttm CM r*i **+1* 24,930 ZU*5 44.195 96.307 35,287 133,594 "wee 4JT1 liU 9. >23 42,564 10,329 IUH MoMt U31 199 1,490 4,049 342 4.410 gytHl 4,449 14,470 <9.599 31,148 27,233 5*396 3.930 3,930 9J92 9J92 MMn« 334 334 UU UU 4tW 5.549
        1,034 words
      • 4538 15 Or Or M Wt KM Last Vol Day Last Quota Mv Otv VM Nat Cap Avg Mgb Law StHa COOOt MHO Law 8«yar »a8ar CT >/K Ww mOVSTVIALt 214 165 125a Act-Kk:-.. 200 US184 *1 U 185 IM 184 185 5.ON 73 tO n.4 304.6 494 414 mt
        4,538 words
      • 873 15 Or Or m m 1996 Lm1 Va4 Day last Ouat* Wv Otv YM Nat Ca# Avf MHh Law StN« Camaany SM C000) wm> L— 8uyar t«—f Cw P/t jm» Prtca SESOAQ 289 234 a 2000 ABRHMqsSC 246 Cd -4 22 24« 246 247 2SS 3.0 14.2 0.1 153.8 109.4
        873 words
      • 847 16  -  STOCK MARKET COMMENTARY Investors sidelined ahead of holiday-shortened week; last-hour buying of bine chips also reported By Paul Leo [SINGAPORE] Property counters led local stocks higher yesterday but volume was low as many Investors were sidelined ahead of a holidayshortened week.
        847 words
      • Article, Illustration
        6 16 tks bottom of tftf
        6 words
      • ON THE GRAPEVINE
        • 93 16 AUS fWD manager who it on an tmm exploratory trip arwind Ail* nlit*d(ta medlaluncfaoonraeontlyhowhotrtppodgp bureaucrats he met tan T Tokyo by asking the unexpected. Tfcs Tnpitt—, economic growtt and trade estimates on the dollar-yen projections. Homw, during hie recent trip, he stumped his hosts by asking forecasts. After
          93 words
        • 30 16 FOR those countries who ars pushing to ssssspasssr Industry, Rafldah Aaix, hatfbtee straightforward ad?kw *1f jmu doniifla corruption, don't do buttam inoountrtse whars you havs to grsass paTmi."
          30 words
        • 46 16 UNITED Apec Equity fund's top 10 holdings are US companies. That's not U«X surprising. The first quarterly report sine* UOB Asset Management launched United i Apec Equity F\ind last November shoi* that th$|jpT5est asset allocation of 27 per t KB Lilly, fltm
          46 words
        • 6 16 .7v*. V" I 4NQO 40ft
          6 words
        • 5 16 MAS fliiwwys bits!
          5 words
    • ISEAS TRENDS
      • 1505 17  -  It is about time that the Japanese make security affairs their business as well. Edith Terry looks at the situation Edith Terry Edith Terry is a Visiting Fellow at the Institute of Southeast Asian Studies. She is writing a book about Japan's relations
        1,505 words
      • 1014 17  -  The charisma of a leader might not be important in a post-Deng China By You Ji Dr You Jiisa Lecturer with the Department of Political Science, University of Canterbury, Christchurch, New Zealand. THE ascendancy of Jiang Zeming and the eclipse of Deng Xiaoping has
        1,014 words
      • 1250 18  -  After shaping Malaysia's political, social and economic life for half a century, Umno appears intent on continuing this dominance well into the 21st century. Bhamni a b traces its history Shamsul A B Dr Shamsul A Bis Professor of Social Anthropology at the
        1,250 words
      • 1217 18  -  He entente ef the oping war-crime trials in The Hague and Arnsha (Tanzania) matter wry much beyond serving the victims'sense ef justice By, Amyn B Sajoo Dr Amyn B Sajoo is an international policy consultant in Vancouver. He urns the 1993/94
        REUTER  -  1,217 words
      • 125 18 AfMBMMV «M i— WiCLSS Will j now be circulating in the countries of Latin America > and the Caribbean. Thie follow an agreement with the •ecretaiiaf of the Mm Bconomloo Latino-Americano (Latin American l«MnieByMt9lii»Ml» tklet translated in Spanieh and Portugueee and reproduced in the
        125 words
      • 941 19  -  Batto than authority baaed on personalities, Cambodia should endeavour to build np state imlihilioiiH By Sorpong Peon Dr Sorpong Peou is a Fellow at the Institute of Southeast Asian Studies. WHAT would political life in Cambodia be like alter King Norodom Sihanouk leaves the scene? This question
        941 words
      • 1200 19  -  Thaveeporn Vasavakui examines the trials and tribulations of reforming Vietnam's manunoth bureaucracy Thaveeporn Vasavakul Dr Thaveeporn Vasavakul is postdoctoral fellow in the Department of Political and Social Change, Research School of Pacific and Asian Studies, Australian National University. THE administrative reform that began in Vietnam
        1,200 words
      • 1405 19  -  His land-locked, sleepy Indockmese state appears to be waking op By Nick Preeman Dr Nick Fretman is a Research Fellow at the Institute cf Southeast Asian Studies A SPARSELY populated country of just 4.5 million people, and governed since late 1975 by a rather
        1,405 words
      • 1263 20  -  Up* sridharan speculates on the likely outcome of India's impending general elections, and its implications for that country and the world Kripa Sridharan DrKripa Sridharan is with the Department of Political Science, National University of Singapore. IF Mr Narasimha Rao wins the forthcoming general
        1,263 words
      • 1018 20  -  The results of Sooth Korea's recent National Assembly elections show that a mayor milestone has been achieved By, James Cotton Dr James Cotton is professor of political science, University of Tasmania, Hobart. THE strong showing of President Kim Young Sam's ruling New Korea Party
        REUTER  -  1,018 words
      • 1381 20  -  ArefcnwOiliWar u\nub&twB jonxmg iorcos to prevnt leading-edge MgMechnokflr from getting to TUri Jftrli countries? By Brakhma Chellaney Dr Brahma Chellaney is Professor of Security Research at the New Delhi-based independent think-tank, the Centre for Policy Research (CPR). IN recent years, the United States
        1,381 words
  • Page 7 Advertisements
    • 84 7 F^pwyfirj}^ fc&nrtfaaMf^immmmaA Dale: Sunday, 12th May 1996 Time:# pm Venutjiarbour Pavilion Prices: $25 $45 $65 $85 Ticket Charge HoUine: 296 2929 (9am to 5.30pm Mori to Jri) (9am to 12.30pm Sat) Fax Booking HoUine: 296 9897(24h0un) Enquiries: 272 0037 Off km I Ratel Official Mm Omni #Marco Poud Hotel @)NEFM
      84 words

  • Page 8 Advertisements
    • 619 8 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 M ELECTRONIC RESOURCES LIMITED (Incorporated in th« Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirteenth Annual General Meeting of the Company will be held at Hyatt Regehcy Singapore, Sir Henry Keppei 11, 10-12 Scotts Road, Singapore *****1
      619 words




  • Page 12 Advertisements
    • 40 12 t-rc nil m clknf JAEGER LECoULTfefe I reverso. 4 mwwm. fIHHHj BH avant-garde WHBf IHMIf Since 1931 ->t* FOR A FREE COPY OF OUR 2CX)-PAGE CATALOGUE, CONTACT YOUR LOCAL RETAILER OR S.A. DESCO SINGAPORE PTE. LTD. TEL: 337-22-61. FAX: 337-10-98.
      40 words

  • Page 13 Advertisements
    • 210 13 i GET KEY INFO S .Z^[Z2I S3O COP profits set to bloom with Blossomvale oondo Name: I AM UfYF CTfiTFC regional exposure 111 Industrial parks 5= IjlJI |J I lllyj\u| DBS LAND Report. Ordered: QWingTai QSTIC DBS Land Guthrie QTS one of the most exciting property plays ($3O each. Tick
      210 words

  • Page 14 Advertisements
    • 138 14 Trade in your old photocopier, any brand, |m- l^sr—" for up *SI Al II I CALL JENNY AT 747 9900 (H| I [vj X* mmm W a °d find out more about our attractive monthly o M instalment scheme. i And get a brand new Selex. Put your trust in
      138 words

  • Page 15 Advertisements
    • 1 15 PHILIPPE
      1 words
    • 138 15 To: SPH AudioTex Department Singapore Press Holdings Ltd 82, Genting Lane Singapore *****7 Tel: 740-1493 Fax 740-2216 I wish to subscribe to the Quick Stock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period 112 months Q 6 months Q 3 months at 5J60.00 at
      138 words

  • Page 16 Advertisements
    • 406 16 I TO ADVERTISE CALL TOLL-FREE 1800-741 1883 NOTICE NOTICE IS HEREBY GIVEN that, I TAY YEONG KIANG of Blk 147 Bishan St. 11 #09-33 Singapore *****7, have applied for a Retail Beer Shop Licence in respect of M/s Sinma Jewellery Pte Ltd located at 51 Sims Avenue Singapore *****4, and
      406 words
    • 28 16 For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      28 words
    • 431 16 Singapore Closing Share Plico* 26/04/1996 CLOSE PREV LOW HUH uss us* us* uss All If# Jardlna Mathaaon 7.80 7.90 7.80 7.88 ifmAAOTI Strafgic 3.20 3.22 3.20 3.22 LXSsSr A Da,l > Farm 0.94 0.94 0.93 0.94 Hongkong Land 2.18 2.19 2.18 2.22 ■Miniffill Mandarin Oriontal 1.38 1.40 1.38 1.40^ Jardlna
      431 words

  • Page 17 Advertisements
    • 316 17 I ASEAN in the WTO Challenges and Responses Edited by Chia S/otv Yue and Joseph L.H. Tan The emerging agenda and programmes of the World Trade Organization (WTO) will be of great significance not only for the future of the world economy and geo-strategic environment, but also for the Association
      316 words




  • EXECUTIVE LIFESTYLE
    • 1125 21  -  The pet grooming business has taken off and there's still a lot of room for growth, oobimiib kbrk reports CORRINE KERK HIS HAIR is getting long, his ears need cleaning and his nails have to be cut. In fact, your dog is beginning to look
      CHRIS LOH  -  1,125 words
    • STRAWS In The Wind
      • 136 21 NOW, Why Did The Chicken Cross The Road? Here are some possible answers from famous personalities. Plato: "For the greater good." Hippocrates: "Because of an excess of light pink gooey Btuff in its pancreas." Karl Marx: "It was a historical inevitability." Nietzsche: "Because if you gaze too long across
        136 words
      • 49 21 MORE classic classifieds spotted by The New York Times "Mixing bowl set designed to please a cook with round bottom for efficient beating."; "Dinner Special: Turkey $2.35; Chicken or Beef $2.25; Children $2.00."; "For sale: An antique desk suitable for lady with thick legs and large drawers."
        49 words
      • 39 21 SO you thought you've heard the last of the mad cow disease jokes. Well, here's one more Cow 1: "I'm really worried about this mad cow disease." Cow 2: "I wouldn't know about that, I'm a rabbit"
        39 words
    • VIEWPOINT
      • 2111 22  -  THE RAFFLES Conversation Former Australian prime minister Bob Hawke hasn't retreated into quiet retirement or into some cosy, anonymous sinecure. Neither has he lost his Larrikin approach. Over curry, he tells vikram khamma what he is doing now and his views on Australian politics VIKRAM
        CHRIS LOH  -  2,111 words
      • 684 22 ONE of the roles for which Bob Hawke is in some demand these days is as a commentator on Australian politics. So what's his prognosis now that the Liberals have come to power? "I don't think there will be significant changes in either the external
        684 words
    • COVER STORY
      • 979 23  -  Three pet groomers tell omumiib kerk how they turned their fondness for dogs into lucrative businesses CORRINE KERK ONE was a music teacher and composer, another was fresh out of school and yet another was a renovation contractor. But Patrick Wong, Pearl
        CHRIS LOH  -  979 words
    • LEISURE
      • 1174 23  -  SOMtyMMhfWte achieve cmiMrt-qaality music At home Byi Chan Siew Ling IF YOU'RE shopping for a hi-fi system, there's plenty to chooee from these days. You can set up a system for anything from $1,000 to $500,000 but be prepared to part with at least $10,000
        1,174 words
    • 678 24  -  NIGHTSPOT The Way Cool band at Culture Club believes in musical instinct and that sometimes means breaking all the roles By, A Surendren DON'T expect Mozart or any of his cronies at the Culture Club. Watch out instead for any familiar tune turned inside out by
      ARTHUR LEE  -  678 words
    • 558 24  -  CINEMA Nicole Kidman pots career before marriage in To Die For, a movie that's enjoyable without being too serious and fanny without ever getting too intense By* Corinne Kerk ■MM HEN a small town girl dreams, you either dreamer your or Wm W you go
      558 words
    • 612 25  -  TELEVISION Sports fans can look forward to extensive coverage of the Olympics in July, bat a lot of other viewers will be channel surfing for less hectic fare Hy] Kevin Sullivan THE OLYMPICS are coming, and when they arrive they will play havoc with
      612 words
    • Article, Illustration
      369 25  -  Compiled by Holly Harrison EXHIBITIONS Tan Chin Chin Visual artist Tan Chin Chin, whose vibrant, collage like paintings have gained recent attention, enjoys her first solo show next week. May 4 to May 12 at Art Focus Gallery. Centrepoint, U0507. Gallery hours Mon to Sat from llam to
      369 words
    • DIVERSIONS
      • 799 26  -  Food and Hotel Asia '96 was like a one-stop shopping centre for those in the industry, reports jamb be JAIME EE THERE were prominent signs around the World Trade Centre last week during the Food and Hotel Asia '96 convention which warned that the three-day affair
        Source:  -  799 words
      • 837 26  -  WINE CONNOISSEUR Wine prices in Italian restaurants are virtually the same as these on the open market in London By N K Yong CHEAP and good impossible, especially in fine wining and dining? Go to Italy. You can have a first class
        837 words
      • 524 26  -  RESTAURANTS The sandwich bar has made it even easier for those in the Beat Quay area to get their lonch By Emma Warlow THE TROUBLE with having one bright idea is that the world expects you to come up with more. Kate Sasson opened her
        CHRIS LOH  -  524 words
    • Article, Illustration
      1108 27 Bed Of Hmm. Oddball actor Christian Slater redefines himself as a romantic guy in a charming film about love. Also stars Mary Stuart Masterson. >5 Yishun: 1.15; 3.15; 7.10; 9.10; I.loam. Bishan: 11; 1; 3; 5; 7; 9; 11J5,~ Cathay: 11; 1; 3; 5; 7.15; 9.15; 12am. Tiong Bahru:
      1,108 words
    • TBAVEL
      • 994 28  -  Petra is the highlight of any visit to Jordan, buavulov marvels at the beauty of this ancient city EMMA WARLOW HEDUST whirled eddied in the H sunlight, stirred up by crowds of Arab ponies oblivious to the squabble of tldces promising us their
        ALLAN  -  994 words
      • 494 28  -  TRAVEL BRIEFS The airline offers new destination* and extra flights By) Ellen Chan NEW routes, bigger aircraft and increased frequencies herald the start of summer. British Airways and its franchise partners have begun services to five new destinations Phoenix, San Diego, Kiev, Malta and
        494 words
  • Page 21 Advertisements
    • 6 21 Raffles Conversation B<& Hawke EL 2
      6 words
    • 97 21 Rose-red city half as old as time lylßl ?jMu I LOBSTERS i LEGAL IN SINGAPORE. Caper* Terrace officially announces Legal Sea Food*. From April 26th May Ist, chef* from this famous Boston restaurant will present their own authentic dinner menu, including succulent whole Maine lohster* at just $28.95. Come and
      97 words



  • Page 24 Advertisements
    • 740 24 IB I I I WHERE TO WINE, DINE AND ENTERTAIN WORLDS LAWG£ST SELLING BEER I 5 c/it** Seoietwiiea' Week Special Treat your secretary with our special set menus Available from Apr 22 to Apr 27 LONG BEACH SEAFOOD REST A URANT(*.u. »„.<» (Next ID Singapore Tmat CwMl 1011 Em Com
      740 words
    • 233 24 You'll be tempted by our tantalising selection of Local and Western sweets and savouries All your tfte i tfte favourites await your pleasure in our High Tea at The Mezzanine. Just give in. For reservations please call 831 628V8/9 High Tea: 2 30pm spm JS3 OrcWd Road Support *****7 T«i:
      233 words

  • Page 25 Advertisements
    • 211 25 Where to wine, dine and entertain Wh>, 's-PT#. KINTAMANI /O D HjTAVVW- M (Dalinede FOOD PROMOTION :w lah APRIL TO 16th MAY 1996 Kf M• W( r Come and Savour the best of I Balinese cuisine prepared by V Chef Pak Kaler 8s Buffet Lunch Adult: $18.00+++ Child: $12.00+++ 4
      211 words
    • 148 25 Unwind with golden huhhles at the Hubertus Grill this Sunday with a free glass of Gold Sett Champagne, containing real 24 carat gold flakes. TKe perfect compliment to a Sunday Brunch, that even King Midas find hard to resist. A ANA HOTa SINGAPORE 16 Nuum Hill. *****7 T»lr,4«,u. 732 1222
      148 words
    • 209 25 Fondues with a Difference! Feast on this culinary delight made perfect with a choice of peanut sauce, belachan and soya sauce Vegetable Tempura Fondue $12 per perton Cultlefuh Meat Satay per dozen $24 ptr ptrton Prawn Tempura Fondue $34 ptr person all fondue entrees come with a complimentary glass of
      209 words
    • 180 25 rMI If* International Hotel,\ fl/i Hsiang with a decade of experience, lakes pnde in />t/v7i\ ryU providing you the most sumptuous j enhanced by an elegant h k^|)l \fV/ atmosphere all under one roof. -w\fl I lsss#Kb f J \l\ 9-course set menu fcw/M -i $288 per table (weekdays) nBB|H
      180 words


  • Page 27 Miscellaneous
    • 2126 27 TODAY'S TV RBCOMMHMDBD tuiwOlO 9.00 AM TV iOO Close Back from SE£2£ onary Home mammmmmmmm thp (TPfIVP directed by Sondra Locke. ua am Prog summary. me grave S&m. S^ ornlngMalay The Force, 12am, ChS Ch 5 100 ®.oa Lintas Langsung (RTM A veteran police detective, A shy guy (Ethan Hawke)
      2,126 words