The Business Times, 24 May 1997

Total Pages: 26
1 26 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 023/12/96 85c SINGAPORE Internet: http://www.asial.cora.sg/biztimes WEEKEND EDITION, MAY 24-25,1997
    14 words
  • 65 1 D M«l» (-6.35) PI BT-SU M mO6 (-0.56) «1 STOMP U 20KL91 (+3.06) n BTMOA mm M9L70K31) 8T0d MA1PT MD1CEB Friday Change KLSECOMP 1,***** +7.17 NIKKEI 2t.SQ9.06 -flSI.lt HANO SENO I4jntj8 >119.(8 SET INDEX J« JAKARTA COMP _JMM +4.43 MANILA OOMP >1111 TAIPEI WP1 8.144J8 -128 S80UL00MP 7*6)
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  • 584 1  -  DBS buys 85% stake in Mitsubishi Biiana Bank and sells entire stake in another to Tat Lee By I Shiv Taneja, Siow Li Sen [SINGAPORE] DBS Bank has rationalised its Indonesian operations by buying an 85 per cent stake in Bank of TokyoMitsubishi's
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  • 320 1  -  By, Annette Pau [SINGAPORE] Raymond Chew Chuan Seng, ex-chair-man and managing director of electronics firm CAM International Holdings, was arrested yesterday evening by officers from the Commercial Affairs Department (CAD). The arrest followed investigations into possible fraud committed against the company. The CAD would not, however,
    FILE PHOTO  -  320 words
  • 70 1 EXCHANGE KATES uss ss DM MM 1.628 Ull DM IMS M47 TEN IN MM 1.238 m MM. M72 HK$ 0.129 1186 BAHT MM MM HJPfAHIM «M1 MM PUKE KATES SINGAPORE* .144 KUALA LUMPUB 9JO JAKARTA 18.00 BANGKOK 11.25 MANILA 1150 HONGKONG J.7S TAIPEI ».M SYDNEY 5.50 TOKYO 111 SEOUL
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  • 482 1  -  Hin Leong purchases prop up global diesel prices and jam storage capacity here By\ Siow Li Sen [SINGAPORE] Independent oil trader Hin Leong Trading has caused a stir in the world oil market by buying US$744 million
    482 words
  • 502 1  -  Bat MTI says S'pore does not qualify as folly developed By Audrey Tan [SINGAPORE] Singapore is now considered an "advanced economy", having been promoted from developing country ranks by the International Monetary Fund (IMF). IMF now places Singapore with industrial countries such
    502 words
  • Page 1 Advertisements
    • 104 1 nisma neaadal Unr Thailand's financial refrain plan is hit by a major blow as Thai Danu pulls out of a merger deal with troubled Finance One, Pg6 l\ Al\M\ jf 4 t ill ii |i mmm m nniii rf jjUMynMiWIC ttQßf A look at three of Sydney's best restaurants that
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    • 25 1 In BT on Monday Banking on mffliimlum Don't miss this 32-page supplement on the banking, finance and insurance industry. Free with your BT on Mooday
      25 words
    • 222 1 "Beggar thy neighbour is a self-defeating policy Prosperity is created not by wearing down your neighbours but by one's ability to leverage on their success. Cooperation between countries, especially between neighbours, will enhance a country's competitiveness and efficiency. Singapore will work with other countries, especially our neighbours, to synergise each
      222 words

  • SINGAPORE AT HOME & ABROAD
    • 188 2 THERE will be no change to the timing of payment of resale levies under the new property measures announced last Sunday, says the Ministry of National Development. Those selling flats boughtly direct from the HDB and taking up a second brand-new HDB flat
      188 words
    • 448 2  -  Growth in major export markets, particularly US, likely to stay robust By Chuang Peck Ming SINGAPORE'S economic outlook for the rest of the year is generally rosy, with the pace of growth picking up, Prime Minister Goh Chok Tong
      CHRIS LOH  -  448 words
    • 352 2  -  Focus should not just be oo Ss/US$ rate: J&rdine Fleming By Ven Sreenivasan THE Singapore dollar has appreciated against a tradeweighted basket of currencies this year, although it has fallen against the greenback, according to Jardine Fleming Research. "Our calculations show that the import-weighted
      ALLAN  -  352 words
    • 285 2 The Straits Times A WARRANT of arrest for Workers' Party member Tang Liang Hong was issued by a subordinate court yesterday evening after he was charged with 33 counts of evading tax on incomes totalling $210,982. District Judge Brenda Tan issued the warrant after
      The Straits Times  -  285 words
    • 352 2  -  By* Christopher Tan THE first made in Korea Mer-cedes-Benz made its debut here yesterday. Distributor Cycle Carriage is confident the MB 100 series, made in collaboration with Ssangyong Motor, will make an impact in the light commercial vehicle segment one that it is new
      352 words
    • NEWS Roundup
      • 62 2 SUNPAGE announced yesterday a series of price cuts for its various subscription plans. From today, Sunpage has lowered its monthly subscription rate for its numeric paging plan, Plan A, from 19.80 to $7.80. The rate for Plan B falls from $14.80 to $13.80. Monthly subscription for
        62 words
      • 76 2 THE Central Provident Fund will maintain its 3.48 per cent interest rate for members for the second half of this year. The CPF interest rate is a simple average of the month-end 12-month fixed deposit and savings rates of the four major local
        76 words
      • 61 2 CANADIAN laser-based industrial equipment maker Lumonics Systems yesterday opened its $3 million Asia-Pacific regional sales and service centre in Science Park 11. The centre will house an applications laboratory and spare parts warehouse and will have 21 sales and service staff. Vice-president for worldwide
        61 words
    • 152 2 CONSUMER prices in April rose by half per cent month-on-month, according to latest figures from the Department of Statistics. Leading the rise in the Consumer Price Index the wide-ly-used barometer of inflation here was healthcare cost which rose 1.3 per cent
      152 words
  • Page 2 Advertisements
    • 195 2 EXECUTIVE Appointments To advertise call toll-free 1800-741 1883 > Corporate Finance Professionals Deutsche Morgan Grenfell, operates in. The successful candidates must have: over 30 countries and has over 8,000 staff. In the Asia Pacific region, we 2-3 year's corporate finance and/or employ 2,000 people in 17 countries. strategic advisory experience
      195 words
    • 153 2 I Believe it or not. visit us^ \lttl4r JSMtoday to try on our CLICK I \£<lf watertwd M You amazed it B 50 1 comfortable You would not even I want to sleep on. conventional I mattress a again. I JaTayt^^Kl^B x> x> x» More reasons to Invat In a
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    • 54 2 You may have been unable to get your copy of The Business Times, The Straits Times, The Sunday Times, Lianhe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home
      54 words
  • Page 2 Miscellaneous
    • 376 2 CRYPTIC CROSSWORD 27 Enlisted Pedro moving inside (5,2) 28 Bert could have gone in front 8 Hot pepper sauce or oats cab YESTERDAY'S SOLUTION when it increased threefold transported (7) (7) 14 Caught, having added a bit on |siE|e|o|BiEiDMoiP|Plo|siE|Rj DOWN (7 A) IRHpBEBSBHBRJIm|] 1 Tranquil water (7) 15 Broadcast here
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • Article, Illustration
      608 3 Those polled for their views on the Singapore stockmarket outlook next week were: Alliance Securities, Daiwa Securities, Deutsche-Morgan, Fraser Securities, GK Goh, ING Barings, Merrill Lynch, Phillip Securities, WI Carr. Sembawang Maritime Ltd (SML) ♦(Buy) Fraser's Research, May 23, 54.22 SML has clinched a deal to operate and
      608 words
    • Article, Illustration
      441 3  -  Lee Kin Wah research manager Jardine Fleming Securities urr he stronger than expected recovery in M. Singapore's April non-oil exports was certainly good news. Underpinned by a sharp 13.4 per cent gain in semiconductor exports, nonoil exports reversed a fivemonth decline and rose a nominal 5.9 per
      441 words
    • 974 3  -  Doing your sums before deciding between annual-rest and monthly-rest loans can mean lower interest charges By' Tse Yiu Kuen The writer is with the Department of Economics and Statistics at the National University of Singapore. This is the second article in a three-part series. [SINGAPORE] IN THE
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    • 694 3  -  Some pointers to consider when buying cover for your collection By Lee Kee Yeng [SINGAPORE] Having adequate insurance is an essential part of protecting any investment. While getting coverage for standard items such as a car or a house may be simple, the task becomes
      694 words
    • 601 3  -  ETC ON THE REGION: THAILAND Brokers favour the energy, vehicle parts industries for growth By. Alan Boyd in Bangkok THE woes of Thailand's stockmarket show no signs of abating, with investors largely ignoring the government's latest rescue attempt and scoffing at
      FILE PHOTO  -  601 words
    • 297 3 [NEW YORK] Thanks to the ever-growing Internet-user population, our ability to share information online has skyrocketed. The securities industry, in particular, has benefited greatly from this expanding information exchange. The Internet has helped democratise the investment process by providing widespread access to a
      297 words

  • REGION
    • 336 4  -  TAIPEI ffy Bruce Cheesman HOPES are rising that direct shipping links between Hongkong and Taiwan, the most contentious issue related to the territory's ties with the island after Hongkong's return to Chinese sovereignty, can be settled when negotiators meet today in Taipei for
      336 words
    • 445 4 SYDNEY Aussie interest rates now level with US rates; local dollar slips against greenback Reuter THE Reserve Bank of Austra lia (RBA) cut official interest rates by half a percentage point yesterday a move that surprised markets given the hawkish
      Reuter; Source: Bloomberg; REUTER  -  445 words
    • 620 4  -  LETTER FROM JAKARTA Mega factor, PPP re-emergence, foreign investor behaviour By S N Vasuki DRIVING in Jakarta's business district is usually a trying experience. But yesterday, the last day of campaigning for Indonesia's May 29 parliamentary elections, was dramatically different. It took only
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    • 517 4 LONDON Bumiputra ownership and employment quotas waived for multimedia super corridor firms FT MALAYSIAN Prime Minister Mahathir Mohamad gave a strong indication yesterday that the country is ready to relax rigid rules which discriminate in favour of its ethnic Malay majority
      FT  -  517 words
    • 129 4 KUALA LUMPUR Reuter TWO Malaysian climbers planted their nation's flag at the summit of Mount Everest yesterday, an act televised live back in Malaysia. The two climbers, M Magendran and N Mohandas, were part of a national team that has been on the world's tallest
      Reuter  -  129 words
    • 191 4 ■SEOUL AFP SOUTH Korean prosecutors yesterday launched a fresh blitz of corruption investigations. triggering allegations that President Kim Young Sam is lashing back at the opposition following the arrest of his son. Starting from next week, prosecutors will summon politicians, government officials
      AFP  -  191 words
    • 334 4 BANGKOK AFP THAI Prime Minister Chaowalit Yongchaiyudh yesterday joined a wrangle over whether to cut interest rates, saying he wanted a decrease but warning that the move could expose the shaky baht to fresh speculative attacks. "The prime minister has mixed
      AFP  -  334 words
    • 303 4 WASHINGTON China demands lifting of sanctions; US sees no bearing on MFN Washington Post, Reuter, AFP THE United States has imposed economic sanctions on two Chinese companies and five Chinese citizens for selling chemicals and chemicalproduction equipment to Iran that
      Washington Post,; Reuter,; AFP  -  303 words
  • Page 4 Advertisements
    • 81 4 Leang Yi Embroidery Anniversary Exhibition I Vagi This unique art form combines Exhibition Dai.: the artist's feelings and the 24Moy-1 Junlw- V* embroiderer's skills, with the use Time: -;i0.300m-8.30pm: of special needle techniques. Venue: We call it "The Harmony of PorogonbySogo #0219/20 Needle and Brush." Leang Yi Telephone: Cultural invites
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  • THE WORLD
    • 546 5 NEW YORK Move an attempt to catch up with changes that have swept the stock markets it oversees NYT THE Securities and Exchange Commission (SEC) was scheduled yesterday to issue what it calls a concept release, setting forth broad ideas for changing the way it regulates
      NYT  -  546 words
    • 399 5 PARIS AFP FRANCE and Germany have not done enough to reform their job markets in contrast to Ireland, the Netherlands, New Zealand and Britain, which have managed to reverse the jobless trend, the OECD said in a report here. Only a small number
      AFP  -  399 words
    • 295 5 WASHINGTON Bloomberg DEFENCE Secretary William Cohen said the US Defence Department wastes billions of dollars on activities such as inventory management that companies do better. The Pentagon's network of hundreds of warehouses staffed by thousands of employees and holding everything from rifles to foodstuffs
      Bloomberg  -  295 words
    • 75 5 [BURBANK, California) Students from W McKinley Elementary School, wearing Bugs Bunny ears, participate in the unveiling at Warner Brothers Studios of the Bugs Bunny stamp by the US Postal Service on Wednesday in Bur bank. Thefamous cartoon character the first depicted on a stamp is
      AFP  -  75 words
    • 236 5 TOKYO Bloomberg JAPAN was the world's top overseas investor for the sixth year in a row in 1996. with its spending soaring 37.6 per cent over the previous year, figures released by the Ministry of Finance show. Japanese investors bought a net 103.359 trillion
      Bloomberg  -  236 words
    • 338 5 NOORDWIJK. The Netherlands Reuter BRITISH Prime Minister Tony Blair yesterday called for a "radical shift" in the European Union to refocus on concerns of real interest to its citizens, like jobs. Bringing the same reforming zeal to Europe that he has shown at home in
      Reuter  -  338 words
    • 442 5 NEW YORK Like baht, slowing growth, ballooning deficit made it a good target: analysts Bloomberg THE Czech Republic is the latest target of big investors speculating in emerging market currencies, after Thailand beat back a similar assault last week. The Czech koruna fell to
      Bloomberg  -  442 words
    • 402 5 WASHINGTON Latest data likely to keep Fed Reserve on alert for inflation BLoomberg THE US economy continues to add new jobs at a pace that's likely to keep inflation watchers at the Federal Reserve on alert for some months to
      BLoomberg  -  402 words
  • Page 5 Advertisements
    • 302 5 IN THE MATTER OF THE COMPANIEB ACT, CHAPTER SO AND IN THE MATTER Of BAKER SANO CONTROL SERVICES PTE LTD (IN LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting signed by the Representative of Holding Company relating to Proceedings of Subsidiary Company pursuant to Section 179(6) of the
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  • Page 5 Miscellaneous
    • 48 5 DOONESBURY By Garry Trudeau MJKB, I'M 90 UNVeXSTANPMRSP ABOUT AW. PCNN6A lALMJAYS BRING THINGS TV WMWHAVE ANYA/AY, THS W&VfNG SURE- WHAT-YOU JUST GOT MB THINK- fOBC AN IPGNTIFIABI&6M MAN I VOUTOLISTEH [UHATZUPA J <&T UK& ING ABOUT NEW BEGIN- WP&SePK&FASH- I TOME VEFY I HELP. I A srn%r?
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  • COMPANIES & MARKETS
    • 486 6  -  Deal flops as firms fail to agree on share swap ratio; also difficulty in valuing assets of Finance One From Harish Mehta mßangkok THAILAND'S much trumpeted financial restructuring plan suffered a major blow yesterday when Thai Danu Bank pulled out of
      486 words
    • 346 6  -  Bnt margins likely to remain thin dne to keen competition By Ven Sreenivasan [SINGAPORE] The Keppel group is cautiously optimistic of improvements in its marine operations but expects margins to remain thin with major projects in progress and competition intensifying. In Keppel Corp's
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    • 137 6 [SINGAPORE] Jurong Engineering said yesterday its consortium has clinched two power generation projects in Thailand worth US$l33 million (*****.2 million). Jurong Engineering, which is in a consortium with National Energy Production Co of the US, has received a letter of intent to build
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    • 204 6 [SINGAPORE] Sesdaq-listed Jade Technologies yesterday reported a 67 per cent decline in net profit to $502,000 for the first half to March 1997. The leadframe maker, which was listed in January, said this was due to lower activity in the electronics industry in the first
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    • 432 6  -  Its move ends 18-month stand-off between developers and buyers By: Diana Oon [SINGAPORE] First Capital Corporation (FCC) has broken the current market taboo of charging less than $1 million for leasehold houses. The mainboard-listed company is today launching 10 leasehold terraces, out of 91,
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    • 158 6 Bloomberg [KUALA LUMPUR] Malaysia's Employees Provident Fund, a pension fund, bought an 11.5 per cent stake in KFC Holdings Bhd, the owner of the Kentucky Fried Chicken franchise in Malaysia. It was not known whether the seller was the Government of
      Bloomberg  -  158 words
    • 624 6  -  HOCK LOCK SIEW Eddie Toh THE departure of George Ting, who is widely credited with the success of the Kentucky Friend Chicken fast-food chain in Malaysia, has raised questions on the status of the company's lucrative franchise. Will his resignation
      624 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • 312 7  -  PSE investigating if Indon brokers cheated woman of 7m pesos; two Manila brokers also involved From. Al Labita in Manila INDONESIAN brokers Lippo Securities and Dharmala Securities are among four brokerages being investigated by Philippine securities regulators for allegedly defrauding a newspaper columnist
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      • 372 7 Revamp aims to improve efficiency, simplify bureaucracy, says chairman AFP [KUALA LUMPUR] Tenaga Nasional Bhd is to be restructured to make it a "lean, efficient and forward-looking powerhouse", its chairman was reported yesterday as saying. The company will be split into six divisions
        AFP  -  372 words
      • 334 7 Initial investment of USs3m expected for 'districentre' [SINGAPORE] Sembawang Maritime Ltd (SML) and CWT Distribution have teamed up to set up a warehousing and distribution centre in Dubai. In an agreement signed yesterday, they formed CWTSML Logistics, which will be 30
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      • 244 7 [SINGAPORE] Singapore Telecom yesterday launched two industrial buildings for lease in the MacPherson industrial area, which are expected to yield $8-$9 million a year in rental income. The buildings, KA Centre and KA Place in Kampong Ampat, mark the first time Sing Tel has redeveloped
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      • 193 7 Bloomberg [KUALA LUMPUR] YTL Power International shares sank below their issue price to institutions in their market debut in Kuala Lumpur. YTL Power is Malaysia's largest initial public offering (IPO) this year. Its performance could convince investors to avoid upcoming IPOs which
        Bloomberg  -  193 words
    • INTERNATIONAL COMPANIES
      • 550 9  -  Scandal ridden DKB the only one among Japan's 10 city banks to report losses From, Anthony Rowley in Tokyo THE two most senior executives of Japan's Dai-Ichi Kangyo Bank (DKB) announced yesterday that they would resign over the bank's involvement in a widening
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      • 66 9 [NEW YORK] Richard Grasso (centre left), president of the New York Stock Exchange, and Theodore Waitt (centre right), founder and chief executive officer of Gateway 2000 Inc. posing with Arianna the cow on the floor of the exchange in New York on Thursday. The Gateway
        AFP  -  66 words
      • 388 9 Pre-tax profit rose 1L3% to a six-year high of 366 billion yen Bloomberg [TOKYO] Nippon Telegraph Telephone Corp (NTT), the world's largest phone company, said full-year pre-tax profit rose to a six-year high, powered by a boom in demand for high-speed lines to hook
        Bloomberg  -  388 words
      • 243 9 Bloomberg [CUPERTINO, California] Apple Computer said it will create a wholly owned subsidiary for its hand-held Newton products and will continue to seek outside investors or an initial public offering for the unit. "It would certainly be our long-term goal
        Bloomberg  -  243 words
      • 211 9 Bloomberg [WILMINGTON, Delaware] DuPont Co said it agreed to sell its graphics film and off-set-printing plates business to Bayer AG's Agfa-Gevaert, as the US company sheds moneylosing units to focus on new products with big potential. The companies declined to disclose the
        Bloomberg  -  211 words
    • FINANCE & COMMODITIES
      • 397 12 Interest income and commission income boost earnings to 991 m Deutschemarks Bloomberg IFRANKFURTI Dresdner Bank AG, Germany's secondlargest bank, said first-quar-ter operating profit rose 10 per cent, at the upper end of expectations, as interest income and commission income increased. Operating profit before
        Bloomberg  -  397 words
      • 338 12 Ogawa will be first Japanese brokerage to fail in 17 years Bloomberg [TOKYO] Yamaichi Securities Co said its ailing affiliate Ogawa Securities Co will close, the first Japanese brokerage to fail in 17 years. "We couldn't respond to Ogawa's request for a bailout because the
        Bloomberg  -  338 words
      • 329 12 USS/mark: The US$/mark traded within the range of 1.6718 to 1.7123 for the first four days of the week. The short-term technical picture favours range trading between 1.6600 and 1.7150. The greenback needs to clear 1.6600 to establish a longerterm bearish trend, with next
        Source: DBS Bank  -  329 words
      • 232 12 Bloomberg [TOKYO] Industrial Bank of Japan said its London branch reported an US$BO million (*****.5 million) paper loss at the end of April as it changed accounting systems to comply with new Japanese government regulations. The evaluation losses were "unexpectedly high" because of the
        Bloomberg  -  232 words
      • 250 12 Bloomberg [NEW YORK] Union Bank of Switzerland is considering buying one of America's 20 biggest money management firms, Scudder, Stevens Clark, investment bankers familiar with the situation said. Scudder, which has about US$ll5 billion (*****.5 billion) in assets, would be worth about US$l.5
        Bloomberg  -  250 words
      • 241 12 ENERGY REPORT Reuter [ALMATY] Kazakhstan needs US$l5O billion (S*2ls billion) to tap its huge oil reserves on the continental shelf of the Caspian Sea, and an international production-sharing deal may be signed by next month, senior officials said yesterday. "According to expert estimates,
        Reuter  -  241 words
      • 190 12  -  MSCI TAIWAN FUTURES By Perry Gilbert, By Perry Gilbert, vice-presi-dent, Refco Singapore Pte Ltd [SINGAPORE] THE Simex MSCI Taiwan Index futures traded within a narrow band yesterday as the cash market consolidated after the previous day's strong gain. Electronics shares remained well bid, based
        190 words
      • 243 12 Reuter [LONDON] Silver raced higher yesterday afternoon, catching most of Europe short ahead of the long holiday weekend and giving a boost to the other precious metals. A spate of physical and fund buying at silver's lows around U554.66 an ounce triggered technical "buy stops"
        Reuter  -  243 words
      • 273 12 AFX-Asia, AFP London THE US dollar was mixed and trading in narrow ranges against the other major currencies. Dealers said that with no major data scheduled for release yesterday, and with the US bond market only open for half a day, trading volumes are likely to remain subdued.
        AFX-Asia,; AFP  -  273 words
      • Article, Illustration
        1338 12 nmnniMKOQgs rates AS a M ten r» 9m m Yw 9m MS IgUfcti Pw S$ *mi Mr WT$ 06* Hm* 16$ taltnla L057 1178 0.666 4578 1299 5.949 ***** 6773 0589 1049-1*6 Ut 3163 1437 U* ***** ***** 0.472 0 Cauia 0.946 1044 0.630 4140 1229 5.626 26.009 17.753 0.841
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    • 1705 13 gCOM FUTURES May 23 WWIEI <Ww dMtai»«* 136pe) IKS 1 CM* JN»m Of* Wowtt m> U» Stt Itww) tfcut j»97 moo 550 Jul 97 *2.00 *150 *150 50 1995 *m« *"5 52 Sep 97 163.00 2020 Oct/0«c 97 164.00 *4.00 164.50 300 »00 > Jan/ttw 98 *5.50 "7275
      1,705 words
    • 2210 13 uMdok £$MP i- v "v I HWBB Mwtrials day U NB 31 Group 510.400 5 AS Parts 266.400 -1 AMty national 932.400 12.400 AMdDomocg 451.400 -4.600 Amac 142.400 -1 At* Croup 118.400 -1 BATInd 569 -1 KRv 201 *3 ncc 174.400 -7 BOC Croup 990.400 -4.600 M
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    • 1619 13 AFP Q Nikkei 225 +***** JAPANESE share prices rose yesterday, with the key market barometer closing 0.7 per cent higher on a revival in sentiment as the US dollar rose towards 116 yen in late foreign exchange trading. "Not only the share market, but foreign exchange, bond and US
      AFP  -  1,619 words
    • Article, Illustration
      1587 14 AFP Hang Seng +119.68 STOCKS advanced 0.8 per cent to a record high close yesterday amid ample liquidity despite heavy demand for an initial public offering of red chip Beijing Enterprises. An analyst said that despite so much money being drawn out of the system by Beijing Enterprises, liquidity
      AFP  -  1,587 words
    • Article, Illustration
      605 14 Reuter, AFX-Asia n Shenzhen B Index *133 THE Shenzhen Stock Exchange's B Share Index yesterday rose 2.33 points, or 1.5 per cent, to 153.18 points. Shenzhen B share trading was worth HK594.6 million compared with HKJI72 million on Thursday. Among active stocks, Friendship Overseas fell 4.2 per cent to
      Reuter,; AFX-Asia; Source: Credit Lyonnsis Securities(Asia) Ltd  -  605 words
    • 397 14 AFP Q VP Index -&28 SHARE prices finished lower yesterday in slow trading with most investors standing on the sidelines. "Investors refrained from buying at highs or selling at lows due to a lack of fresh leads," said a broker. The TSE Weighted Price Index lost 6.28 points to
      AFP  -  397 words
    • 255 14 Bloomberg n Wellington jlj SHARE prices closed lower yesterday as the subdued outlook for the construction industry hurt sentiment. The benchmark NZSE Top 40share Index shed 2.05 points to 2,303.69. Bloomberg m rtm ANZ Banking 9 25 until 9100 Advantages mm 133 9600 Air Htm Zaaiand (A) 2.97 unch
      Bloomberg  -  255 words
    • Article, Illustration
      840 14 AFP QSET Index -026 SHARE prices closed slightly lower yesterday as investors stayed on the sidelines awaiting signals on interest rates and a merger in the financial sector, analysts said. After the market closed. Thai Danu Bank said it had cancelled the planned merger with troubled Finance One but
      AFP  -  840 words
    • 408 14 AFP Composite Index *<Ll5 SHARE prices closed firmer yesterday on a wave of late buying led by stocks which had been linked to bankruptcy speculation. "There is a growing realisation that things are not all that bad after all," said a dealer. The Composite Index gained 6.15 points to
      AFP  -  408 words
    • 603 14 AFP AD Ordinaries *110 SHARE prices rose yesterday, propelled to their third consecutive record high close by a central bank decision to cut the official cash rate. The All Ordinaries Index rose 16 points to 2,563.9, beating its previous record of 2,547.9 set on Thursday. Turnover was 432.9 million
      AFP  -  603 words
    • Article, Illustration
      772 14 AFP n Composite Index +4.43 SHARE prices closed higher yesterday on bargain-hunting by foreign investors as election campaigning drew to a close, dealers said. "Today's the end of the campaign and people are saying: 'Right, it's all over and there's no disastrous stories about Indonesia. Now's the time to
      AFP  -  772 words
    • 321 14 AFP n Manila j*lL5l STOCKS rose yesterday as funds returned to the market with the lowering of overnight interest rates and optimism about the economy. "The recovery is purely technical. Buying is not yet broadhased." a broker said. The PSE Composite Index added 11.51 points to 2,598.2. Turnover was
      AFP  -  321 words
    • KUALA LUMPUR STOCK MARKET
      • 8100 15 NftUSTttALS ConsMwr products 1997 Last Vol Bay Cap Low Company SaH OOP High Low P/t Smtl 790 560 Ajinomoto 605 20 4 605 600 33.5 245.2 448 293 Angkasa 324 unch 46 328 324 9.6 477 7 905 6)0 Apollo Food Hlg 720 25 39 725 695 2BSA 765 372
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      • 570 15 AFX-Asia H Composite Index +7J7 SHARE prices closed slightly higher yesterday on light bargain hunting on selected blue-chip stocks, analysts said. The KLSE Composite Index closed up 7.17 points at 1,078.20 on volume 0f358.5 million shares worth M 52.5 billion. The Emas Index rose
        AFX-Asia  -  570 words
    • WARRANTS & OPTIONS
      • 3798 16 BONDS, LOANS WARRANTS Wt 1*97 LMt V»l Oay La»t Ouota Avg High Lw StiM Company »M COOO) High Low Buy.r Sa«ar Prlca 68 44.5 m 3000 m AM08 c5.5%*****6 50 52.5 67 41.5 3160 A Acar ******1USS 67 *3 276 67 64 66.5 67 131 77 3164 Acma ******4 80.5
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      • 218 16  -  WARRANT WATCH By: R Sivanithy TODAY'S feature is not so much on a particular company's warrant but more a look at its shares those belonging to mainboard listed Van Der Horst. The In-donesian-controlled infrastructure company's shares have been slowly and inexorably heading south
        218 words
    • 2337 16 MALAYSIAN STOCKS Or Or 1997 Last Vol Dry Last Ouot# Mv Mv VM Mat M Cap Hm< U» Stwo Compmy Stk COOP) High Law Puyar Sa>ar CVr P/I 478 298 ms 5000 AISB5QC -340 *10 200 344 330 340 342 iO 4.9 0.4 69.5 348.8 137 90.5 ms
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    • STOCK EXCHANGE OF SINGAPORE
      • 1405 17 '""ST ssr sss ass us ss! H ss- .*s >iss «MS iSS tortMton 2 700 2700 1X1*7 'X2«7 MWni 1X5 1X9 4.440 4,440 ST* 4.790 45.204 49,994 3.M 41.60* 4i5» Tat" 5*424 SaSri rn.*94 WJ« iw«« ittsr SC5040 22MS *4-3T0 MAW CtO® TOT At m m mm mm »»-> «SnS
        1,405 words
      • 5075 17 Transaction Date :Mav 23 6r 6r M Wt ,447 LMt Vai Day Lot Ouota Mv Df* YW Nat Caa Avg High Law StNa Company COOP) High Law Buyar SaBar C*W P/t $mM JM»* INDUSTRIALS 5146 ASE NT$10 200 US- 885 885 1275 ASF USS0.01 KM. US685 885 200
        5,075 words
      • 1171 17 G» Or M Wl 1997 LMt V*I Day Laat Ovxrtt Wv Mv YM IM Cac Art) >%> L— Wl« C—p—y tala (*OQO> H0 Lwr Imr 1—w Cw Pft !■> W» SCSOAQ m 186 99.5 a 2000 ABRHMfsSc 103 cd -I 51 105 102 102 103 X0 6.0 03 M7.1
        1,171 words
      • 221 18 Stacks Volume Aztech 5c 13,177,000 •CASH 50c 11,454,000 HK Land US$0.10 6,661,000 Tye Soon 10c 6,502,000 •Multi-PWt98 6,396,000 •Landmarks Bhd 5,886,000 •Renong WtOO 5,099,000 •MBf Hldgs 50c 4,705,000 •MBf Capital 4,482,000 •Renonq 8hd 50c 4,234,000 Stocks J •CASH 50c 25.341,530 HK Land US$0.10 17,701,382 •MBf Capital 12,939,050 City Dev 50c
        221 words
      • Article, Illustration
        61 18  -  by Ven Sreenivasan CLOB-TRADED Construction Supplies House (CASH) which exploded yesterday with a 35<ent jump to $2.29 on 11.45 million shares, is deep into overbought territory on the daily RSI chart. However, the counter is still neutral on its monthly RSI, suggesting further upside in the medium term.
        61 words
      • 655 18  -  STOCK MARKET COMMENTARY Action hotting np on Clob International; a dull day if not for rotational play and heavy speculation in Malaysian counters By R Sivanithy [SINGAPORE] Rotational play in the Malaysian second-line and small stocks was the name of the
        655 words
      • ON THE GRAPEVINE
        • 115 18 IT'S amazing how rumours spread in the stock market, especially when prices are moving and people need a reason to explain why this is so. In DBS' case, once the stock started to move and the market got wind of a press conference at 4.30pm yesterday, talk
          115 words
        • 145 18 ONE of our colleagues received a flyer from a certain card company telling him how, as a preferred customer, he's being offered an overdraft facility at a (special) annual rate of 12 per cent to pay up outstanding card balances. This does compare very favourably with the usual
          145 words
        • 134 18 ABOUT a week ago, this column reported that one of our reporters met a property agent turned taxi driver while taking a cab. Well, the same reporter took a cab recently and was having a meaty discussion on the Singapore economy with the driver when she
          134 words
        • 90 18 WANT to hazard a guess where COEs are headed in the next tender? Going by the price list of Kah Motor, Category Two (for mid-sized cars) could even go higher than its last price of $60,900. The Honda agent's pegged Cat 2 COE at $61,000. Just last month,
          90 words
        • 167 18 A FINANCIAL markets contact of ours remarked that he's pretty impressed by the g great effort some countries are making to ensure that they'll qualify as first-round candidates for EMU, or European Monetary Union. The selection of those who'll make the cut is scheduled for the end
          167 words
  • Page 6 Advertisements
    • 523 6 BUSINESS Notices To advertise call toll-free 1800-741 1883 I fi '"ft UITT"/< THfflM' flB V > 'idfl V<*f ft SINGAPORE RE SINGAPORE REINSURANCE CORPORATION LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Fourth Annual General Meeting of the Company will
      523 words

  • Page 7 Advertisements
    • 66 7 The Alcatel One Touch Pro With I Extended Battery Life Connects I You To All The Right Places. I Telecom Bills Taxi Hotlines Airlines Banks I jj| T jjPJr I I 1 > i i it£s'*Sr 11 iBH BP If I Only CAnH 1 I yWVO (GST included) H H
      66 words

  • Page 8 Advertisements

  • Page 9 Advertisements
    • 1196 9 BUSINESS Notice 15. INVESTMENTS Other debtors, deposits ond prepayments for the Compony includes on amount of $21,000 Number of drectors n remunerafcxi bends The Group and The Company 1 1995 19.000) owing by a subsidiary company j x^ 20. OPERATING INCOME $*****0 and above J $250,000 to $499,999 Unquoted Shares
      1,196 words
    • 5 9 To advertise call toll-free 1800-*****83
      5 words

  • Page 10 Advertisements
    • 2632 10 The Group The Company The Group The Company "J M— IMS 1W IMB Note IS9I 1995 19M 1585 f 1000 $000 $UOO $-000 t-000 $-000 $-000 $-000 SHARE CAPITAL TOED ASSETS 12 <8,778 86,412 66*86 62,593 mm *0.000 360.000 1. H7» 114.., 3 INVESTMENTS 15 1,016 1.015 I*o6 1.006 Issued
      2,632 words

  • Page 11 Advertisements
    • 2310 11 r|p^ 11. ACCEPTANCES, GUARANTEES ANO OTHER OBLIGATIONS PER CONTRA 13. ULTMATE HOLDMG COMPANY 21. OPERADNQ INCOME Theee are commitments entered into by the Group and the Company on behalf of customers tor which The ultimate hottng company of 8m Company f J—mad to bo Hong Laong tneaakwanf Holdings Pte. Ltd..
      2,310 words



  • Page 14 Advertisements
    • 29 14 For real-time stock information, Scall Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of i The Business Times and Lianhe Zaobao.
      29 words


  • Page 16 Advertisements
    • 56 16 J a J These and other corporate milestones present perfect opportunities to v 111 th G enhance your corporate image with a self-funding special feature Occasioi For more on how you can to the a mIHU^^'MMIIHPI Official openings Corporate anniversaries fS(S certification Srouna-bieaking ceremonies Topping-up ceremonies Ronald Chua-Te1:740 2042 Pg;
      56 words

  • Page 17 Advertisements
    • 42 17 \Mhen the Market qets Going, theSawy 90 *URFIN£ WgBBBBL. Keep track of the latest Singapore and Kuala Lumpur stock prices on BT Stockwatch— httpv7www.asial.com.sg/btstocks on the Internet I EMGa BUSINESS CENTRE YOUR ONE-STOP SITE FOR SINGAPORE AND ASIAN BUSINESS NEWS AND INFORMATION
      42 words
    • 10 17 Young Parents When you want the best for your children
      10 words

  • Page 18 Advertisements
    • 186 18 x/ cm. d* c Or try some of our BizFone applications: Yes! With SPH BizFone 7 Service, you can run your Advertising and Ministry Of Health Health Line 1-800-742 2066 Promotion programs such QS providing Min,str Y 0f Education Recruitment 1-800-840 8585 information on your DBSAutolnfo 1-800-742 2388 product, Instant
      186 words
    • 217 18 4 m M Singapore M A distinctive collection of 1 I pictures by distinguished photographers 311 masterpieces showcasing a myriad photo-art WNKT i techniques executed by more than 300 ethnic Chinese photographers from all over the globe. I 188 Unique close-ups of Singapore and Singaporeans lIP 4 today through four
      217 words

  • EXECUTIVE Lifestyle
    • STRAWS In The Wind
      • 84 19 PRIVATE detectives in Sydney were green with envy recently when they heard that a certain sleuth was being employed by the Newcastle city council to gather information on illegal brothels in the city. It seems that acting on the advice of its lawyers, the council hired a
        84 words
      • 56 19 HERE'S a joke to tell at your favourite pub. A tourist goes into a bar and sees a dog sitting on a chair playing poker. He asks: "Is that dog really playing poker?" The bartender replies: "Yeah, but he's not too good. Every time he has a good
        56 words
      • 35 19 HERE'S a greeting card that's unlikely to be found in the stores: "My tire was thumping I thought it was flat... when I looked at the tire... I found your cat... Sorry!"
        35 words
      • 61 19 THE Lost World, sequel to Jurassic Park, is on its way here. And if comic David Letterman had his way, this is what we would be seeing in the movie: Fred Flintstone using one of the dinosaurs as a lawn mower. All the dinosaurs conversing in fluent
        61 words
    • 2402 19  -  His name may not be as well known as Kerry Packer's, but make no mistake Lloyd Williams, who opened Melbourne's Crown resort earlier this month, is a very rich Australian man, and he wants a piece of the Asian economic miracle. He tells jaime ee why in
      2,402 words
    • DESIGN
      • 1382 21  -  Is there a link between a restaurant's design and the food it serves? jay ehosla susses out three of Sydney's best eateries, talks with their designers, and meets one of the top chefs down under JAY KHOSLA PICTURE THIS restaurant settings that look like they
        1,382 words
    • 684 22  -  NIGHTSPOT One hardly minds the tight space at Riverine When the place is so big on service By\ Ben Munroe THOUGH the F&B industry is taking a hammering and no sooner does one new joint open than another closes down, entrepreneurs are constantly opening fresh
      684 words
    • 627 22  -  CINEMA Breakdown covers no new ground, bnt it's a well-paced mystery-actioner that packs more suspense than we've seen at the movies of late By Susan Tsang ALMOST every driver will have experienced a Breakdown before, but while inconvenient, annoying and even a little nerve-wracking
      627 words
    • 649 23  -  CINEMA Unbelievable characters pop up in unlikely situations when Clint Eastwood wields Absolute Power on both sides of the camera By\ David Boey IT'S HARD to believe that Clint Eastwood can actually plough through an actioner without mowing down every bad guy he sees in a hail
      649 words
    • Article, Illustration
      367 23  -  Compiled by M Yasotha EXHIBITIONS In And Out Featuring the selected works of 10 established and renowned Chinese contemporary artists from China and Australia. Until June 22, I lam to 7pm (TuesFri); 10am to spm (Sat Sun); closed on Mondays. Venue: Dr Earl Lu Gallery, Lasalle-SIA College of
      367 words
    • EPICURE
      • 427 24  -  CAKES PASTRIES Some reasons why you'll soon be sweet on ChefUdo By i Corinne Kerk FOR all the bad things sugar does to you, a meal really isn't complete till the sweets are consumed. Following this simple logic to guilt-free eating, The Cake Shop
        427 words
      • 869 24  -  Dinner's not being served yet at Qhue, the new wine bar at Pasir Panjang Village. But if the tapas selection is anything to go by, its full menu is going to be a palate pleaser, predicts jaimb be JAIME EE IT COMES with a cool name Qhue. But
        CHRIS LOH  -  869 words
      • 568 24  -  RESTAURANT Angelo at Chimes comes with pleasant service, decent food and the cosy company of angels By< Jaime Ee ANGELO Cafe Bar has a heavenly theme of angels and other cherubic things, but competition from the constellation of Stars next door at Chijmes may pose
        CHRIS LOH  -  568 words
    • Article, Illustration
      1137 25 Akaototo Power. Clint Eastwood Is a master-thief who witnesses a bizarre murder. He becomes a scapegoat when the murderer with "absolute power" goes on the warpath. Gene Hackman and Ed Harris co-star. Bishan: 11.30; 2; 6.45; 9.15. Boon Lay: 11.15; 1.45; 4.15; 6.45; 9.15; 11.45. Century/Choa Chu Kang/Jurong: 11;
      1,137 words
    • TRAVEL
      • 1294 26  -  Always in a hurry? Then the capital of Laos is not for you. mark graham learns to change gear in a city where life is lived in the slow lane MARK GRAHAM ASIA is booming, investment is flooding in, the people are getting rich. Nobody,
        PHOTOS BY MARK GRAHAM FOR BT  -  1,294 words
  • Page 19 Advertisements

  • Page 20 Advertisements
    • 90 20 Rising, Occasion WiilPilliiMir it iff ir U ff' frill I 'it Ttill Til f ill J f>gHt'''* Tt-nriT »'-f'Jbi A MW Corporate anniversaries ||A .If v > f§* ceremonies jj HEK^IMR pjpppil* Xopping-up ceremonies IffipM 14 These and other corporate milestones present perfect opportunities to enhance your corporate image with
      90 words


  • Page 22 Advertisements
    • 58 22 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 FREE! If you have; found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S.
      58 words
    • 38 22 m flttßv j ■Mpilßji |^HPMi^||H^k SINGAPORE'S MOST INSPIRING HOMES 143 PAGES OF WONDERFUL ROOMS AND IDEAS Hr A GREAT BOOK FOR YOURSELF, FAMILY OR FRIENDS GFT IT AT TIMES THE BOOKSHOP IN CENTREPOINF. PLAZA SINGAPURA AND RAFFLES CITY
      38 words

  • Page 23 Advertisements
    • 533 23 Where to wine, dine and entertain... Prescntedby: ||1| m2%4545 What tetter way to celebrate a great week than Sunday Brunch at The Cafe-in-The-Part? Enjoy the finest hrunch and service at only $28* per adult (only $14" for the kids). Then toast your good fortune with Gold Sett Champagne, each glass
      533 words
    • 169 23 j SOUTH AFRICAN i FLAVOUR < GOES CANTONESE < «rt tAo Veptim® from bow tt/l 91 Way. I Enjoy OrtrleA JlsAos, SoutAAfrte«in <|| win# <nj d 9outA AfrtMii B»m $to* J for on/y for «t«U» of 10. 0 You cou/J Win o trip to SoutA Africa |y Mauritius in our
      169 words

  • Page 24 Advertisements
    • 43 24 fe{lf;, y a> BWi M| sHI H mja&0 y miiy k I ilfc B| GET IT NOW! HMHBIi HOME &OSCQR M.60 Times the Bookshops NTUC Supermarkets Kinokuntya 7-Eleven MPH fIM STOP PRESS kiosks Cold Storage Shell Esse Caltex Mobd SPC BP MP Holdings
      43 words

  • Page 25 Miscellaneous
    • 1991 25 TODAY'S TV BBOOUmiDBD VIUWIMI J2 e A^ ,a un,s 12.00 NN TV Innovations. a AII V TTr\ ir\ duckline who became a LOO PM Tennis: ATP Tour talumbus(Xaj*ep^ Up lO auCKling wno Decame a Highlights 1997: Japan Jackie A Her Bushbabyln glamorousZiegfeldStar. open Highlights Savannah. 110 £fOOQ Omar Sharif and
      1,991 words

  • Page 26 Advertisements
    • 54 26 Suite Episodes IN last week's travel article Reviving a grand old dame, the contact numbers given were for Hotel Majapahit For more information on and reservations for The Leading Hotels of the World's Suite Episodes promotion for its Asian-Pacific members from May 1 to the end of the year, call
      54 words