The Business Times, 24 May 1997
1997-05-24
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The Business Times
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Title Section14 1997-05-24 1 THE BUSINESS TIMES MITA (P) 023/12/96 85c SINGAPORE Internet: http://www.asial.cora.sg/biztimes WEEKEND EDITION, MAY 24-25,199714 words
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Article65 1997-05-24 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)65 words
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Article, Illustration584 1997-05-24 1 Shiv Taneja, Siow Li Sen - 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's584 words
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Article, Illustration320 1997-05-24 1 Annette Pau - 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
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Article70 1997-05-24 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 SEOUL70 words
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482 1997-05-24 1 Siow Li Sen - 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 million482 words
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502 1997-05-24 1 Audrey Tan - 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 such502 words
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Page 1 Advertisements
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Advertisement104 1997-05-24 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 that104 words
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Advertisement25 1997-05-24 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 Mooday25 words
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Advertisement222 1997-05-24 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 each222 words
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SINGAPORE AT HOME & ABROAD
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188 1997-05-24 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 flat188 words
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Article, Illustration448 1997-05-24 2 Chuang Peck Ming - 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 TongCHRIS LOH - 448 words
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Article, Illustration352 1997-05-24 2 Ven Sreenivasan - 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-weightedALLAN - 352 words
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Article285 1997-05-24 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 afterThe Straits Times - 285 words
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Article, Illustration352 1997-05-24 2 Christopher Tan - 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 new352 words
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NEWS Roundup
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Article62 1997-05-24 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 for62 words
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76 1997-05-24 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 local76 words
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61 1997-05-24 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 worldwide61 words
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152 1997-05-24 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 cent152 words
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Page 2 Advertisements
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Advertisement195 1997-05-24 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 experience195 words
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Advertisement153 1997-05-24 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 a153 words
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Advertisement54 1997-05-24 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 home54 words
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Page 2 Miscellaneous
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Miscellaneous376 1997-05-24 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 here376 words
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FOCUS: PERSONAL FINANCE & INVESTMENT
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Article, Illustration608 1997-05-24 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 and608 words
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Article, Illustration441 1997-05-24 3 Lee Kin Wah - 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 per441 words
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Article974 1997-05-24 3 Tse Yiu Kuen - 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 THE974 words
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694 1997-05-24 3 Lee Kee Yeng - 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 becomes694 words
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Article, Illustration601 1997-05-24 3 Alan Boyd - 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 atFILE PHOTO - 601 words
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297 1997-05-24 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 a297 words
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REGION
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336 1997-05-24 4 Bruce Cheesman - 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 for336 words
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Article, Illustration445 1997-05-24 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 hawkishReuter; Source: Bloomberg; REUTER - 445 words
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Article, Illustration620 1997-05-24 4 S N Vasuki - 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 only620 words
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517 1997-05-24 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 majorityFT - 517 words
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129 1997-05-24 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 tallestReuter - 129 words
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191 1997-05-24 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 officialsAFP - 191 words
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334 1997-05-24 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 mixedAFP - 334 words
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303 1997-05-24 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 thatWashington Post,; Reuter,; AFP - 303 words
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Page 4 Advertisements
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Advertisement81 1997-05-24 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 invites81 words
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THE WORLD
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Article546 1997-05-24 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 regulatesNYT - 546 words
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399 1997-05-24 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 numberAFP - 399 words
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Article, Illustration295 1997-05-24 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 foodstuffsBloomberg - 295 words
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Article, Illustration75 1997-05-24 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 isAFP - 75 words
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236 1997-05-24 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 trillionBloomberg - 236 words
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Article338 1997-05-24 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 inReuter - 338 words
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442 1997-05-24 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 toBloomberg - 442 words
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402 1997-05-24 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 toBLoomberg - 402 words
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Page 5 Advertisements
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Advertisement302 1997-05-24 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 the302 words
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Page 5 Miscellaneous
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Miscellaneous48 1997-05-24 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?48 words
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COMPANIES & MARKETS
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Article, Illustration486 1997-05-24 6 Harish Mehta - 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 of486 words
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346 1997-05-24 6 Ven Sreenivasan - 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's346 words
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137 1997-05-24 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 build137 words
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204 1997-05-24 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 first204 words
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432 1997-05-24 6 Diana Oon - 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 91,432 words
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158 1997-05-24 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 ofBloomberg - 158 words
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624 1997-05-24 6 Eddie Toh - 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 resignation624 words
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SINGAPORE & MALAYSIAN COMPANIES
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312 1997-05-24 7 Al Labita - 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 columnist312 words
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Article, Illustration372 1997-05-24 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 divisionsAFP - 372 words
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334 1997-05-24 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 30334 words
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244 1997-05-24 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 redeveloped244 words
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193 1997-05-24 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 whichBloomberg - 193 words
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INTERNATIONAL COMPANIES
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550 1997-05-24 9 Anthony Rowley - 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 widening550 words
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Article, Illustration66 1997-05-24 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 GatewayAFP - 66 words
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388 1997-05-24 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 hookBloomberg - 388 words
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243 1997-05-24 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 goalBloomberg - 243 words
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211 1997-05-24 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 theBloomberg - 211 words
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FINANCE & COMMODITIES
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397 1997-05-24 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 beforeBloomberg - 397 words
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338 1997-05-24 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 theBloomberg - 338 words
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Article, Illustration329 1997-05-24 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 nextSource: DBS Bank - 329 words
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Article232 1997-05-24 12 Bloomberg [TOKYO] Industrial Bank of Japan said its London branch reported an US$BO million (*****.5 million) paper loss at the end of April as it changed accounting systems to comply with new Japanese government regulations. The evaluation losses were "unexpectedly high" because of theBloomberg - 232 words
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250 1997-05-24 12 Bloomberg [NEW YORK] Union Bank of Switzerland is considering buying one of America's 20 biggest money management firms, Scudder, Stevens Clark, investment bankers familiar with the situation said. Scudder, which has about US$ll5 billion (*****.5 billion) in assets, would be worth about US$l.5Bloomberg - 250 words
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241 1997-05-24 12 ENERGY REPORT Reuter [ALMATY] Kazakhstan needs US$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
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190 1997-05-24 12 Perry Gilbert - 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, based190 words
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243 1997-05-24 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
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Article273 1997-05-24 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
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Article, Illustration1338 1997-05-24 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 0.8411,338 words
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Article1705 1997-05-24 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 "72751,705 words
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Article2210 1997-05-24 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 M2,210 words
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Article1619 1997-05-24 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 USAFP - 1,619 words
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Article, Illustration1587 1997-05-24 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, liquidityAFP - 1,587 words
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Article, Illustration605 1997-05-24 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 toReuter,; AFX-Asia; Source: Credit Lyonnsis Securities(Asia) Ltd - 605 words
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Article397 1997-05-24 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 toAFP - 397 words
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Article255 1997-05-24 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 unchBloomberg - 255 words
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Article, Illustration840 1997-05-24 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 butAFP - 840 words
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Article408 1997-05-24 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 toAFP - 408 words
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Article603 1997-05-24 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 millionAFP - 603 words
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Article, Illustration772 1997-05-24 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 toAFP - 772 words
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Article321 1997-05-24 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 wasAFP - 321 words
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KUALA LUMPUR STOCK MARKET
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Article8100 1997-05-24 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 3728,100 words
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Article, Illustration570 1997-05-24 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 roseAFX-Asia - 570 words
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WARRANTS & OPTIONS
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Article3798 1997-05-24 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 80.53,798 words
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218 1997-05-24 16 R Sivanithy - 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 south218 words
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Article2337 1997-05-24 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 ms2,337 words
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STOCK EXCHANGE OF SINGAPORE
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Article1405 1997-05-24 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 »»-> «SnS1,405 words
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Article5075 1997-05-24 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 2005,075 words
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Article1171 1997-05-24 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 M7.11,171 words
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Article221 1997-05-24 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 50c221 words
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Article, Illustration61 1997-05-24 18 Ven Sreenivasan - 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
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Article, Illustration655 1997-05-24 18 R Sivanithy - 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 the655 words
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ON THE GRAPEVINE
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Article115 1997-05-24 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, talk115 words
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Article145 1997-05-24 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 usual145 words
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Article134 1997-05-24 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 she134 words
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Article90 1997-05-24 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
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Article167 1997-05-24 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 end167 words
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Page 6 Advertisements
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Advertisement523 1997-05-24 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 will523 words
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Page 7 Advertisements
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Advertisement66 1997-05-24 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 H66 words
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Page 8 Advertisements
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Advertisement2760 1997-05-24 8 B n ft 4Kb tk JL Mfe. Mb, MB pi A mtm A A Z B CI |k I Jm Q&» LI M n Cm. fl f k I 1 1%/ i I F8 1 1 Jp u *s l 1 JUk if r i I LlfYi I I vJ2,760 words
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Page 9 Advertisements
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Advertisement1196 1997-05-24 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 Shares1,196 words
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Advertisement5 1997-05-24 9 To advertise call toll-free 1800-*****835 words
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Page 10 Advertisements
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Advertisement2632 1997-05-24 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 Issued2,632 words
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Page 11 Advertisements
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Advertisement2310 1997-05-24 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
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Page 14 Advertisements
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Advertisement29 1997-05-24 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
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Page 15 Advertisements
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Advertisement6 1997-05-24 15 Singapore Businessgiving you the winning edge6 words
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Page 16 Advertisements
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Advertisement56 1997-05-24 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
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Page 17 Advertisements
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Advertisement42 1997-05-24 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 INFORMATION42 words
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Advertisement10 1997-05-24 17 Young Parents When you want the best for your children10 words
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Page 18 Advertisements
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Advertisement186 1997-05-24 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, Instant186 words
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Advertisement217 1997-05-24 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 four217 words
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EXECUTIVE Lifestyle
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STRAWS In The Wind
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Article84 1997-05-24 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 a84 words
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Article56 1997-05-24 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 good56 words
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Article35 1997-05-24 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
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Article61 1997-05-24 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 fluent61 words
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Article, Illustration2402 1997-05-24 19 JAIME EE - 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 in2,402 words
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DESIGN
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Article, Illustration1382 1997-05-24 21 JAY KHOSLA - 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 they1,382 words
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Article684 1997-05-24 22 Ben Munroe - 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 fresh684 words
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Article, Illustration627 1997-05-24 22 Susan Tsang - 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-wracking627 words
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Article, Illustration649 1997-05-24 23 David Boey - 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 hail649 words
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Article, Illustration367 1997-05-24 23 M Yasotha - 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 of367 words
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EPICURE
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Article, Illustration427 1997-05-24 24 Corinne Kerk - 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 Shop427 words
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Article, Illustration869 1997-05-24 24 JAIME EE - 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. ButCHRIS LOH - 869 words
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Article, Illustration568 1997-05-24 24 Jaime Ee - 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 poseCHRIS LOH - 568 words
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Article, Illustration1137 1997-05-24 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
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TRAVEL
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Article, Illustration1294 1997-05-24 26 MARK GRAHAM - 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
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Page 19 Advertisements
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Advertisement10 1997-05-24 19 Design Served with style in Sydney EL 3 p" -jSE?]10 words
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Advertisement88 1997-05-24 19 Taking i jflliiu.. things easy in Vientiane pßMl|Wg^^ EL 8 I !H CL Li ul lr ;s to II ,rf y catch-up onn'T n tht V^ar 2000 bomb KlangV/ alley on I I r ■I I 5 I I f f I k M V WTfr w V e fTSS88 words
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Page 20 Advertisements
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Advertisement90 1997-05-24 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 with90 words
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Page 22 Advertisements
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Advertisement58 1997-05-24 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
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Advertisement38 1997-05-24 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 CITY38 words
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Page 23 Advertisements
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Advertisement533 1997-05-24 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 glass533 words
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Advertisement169 1997-05-24 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 our169 words
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Page 24 Advertisements
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Advertisement43 1997-05-24 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 Holdings43 words
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Page 25 Miscellaneous
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Miscellaneous1991 1997-05-24 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 and1,991 words
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Page 26 Advertisements
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Advertisement54 1997-05-24 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, call54 words
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