The Business Times, 1 May 1999

Microfilm: NL21496
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    17 1 THE BUSINESS TIMES <'. j MITA (RHB^I2/98 Ay A 85e S INGAPORE Internet: http://business-times.asial.com.sg/ SATURDAY, MAY 1, 1999
    17 words
  • Article
    MARKET SUMMARY
    56 1 sn 188CJS (+67.70) riBT-SU U 770.78 (+26.75) amsgyimiug 28QL00 (+14.10) STOCK miKETlHMCES Friday Change KLSEOOMP S74J6 *%3A NIKKEI 16.701J3 HAM) SENG 11»11__*1S16 SET INDEX 469JK +XM JAKARTA OOMP —4%li MANILA OOMP —XiSllV +M1 TAIPEI WPI 7471.17 +81J6 SEOUL OOMP ***** CLSA CHINA B §4M8__+lliJ AUST ALLOW) 3,101.1 -18
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  • Article
    FINANCE
    81 1 FOBEX BATES uss ss USf 1.792 £(U8S/SS per Ltd 1742 EURO(l S$/S$ per B) 1.061 1.806 DM 1.844 0.923 YEN 119.8 1.423* RM 1809 0.448 HKS 7.711 0120 BAirr J724 0.046 MJPIAB 8,206 0.021* 'St to 100 unJO 'SttolOOimJU FUME BARS SINGAPORE* KUALA LUMPUR 11.50 JAKARTA _2&M BANGKOK 1176
    81 words
  • Article
    Offer for Clob shares at 32-85% discounts
    1119 1  -  Akbar Khan-linked firm says offer is 45% above prices as at Sept 15,1998 Byy Ven Sreenivasan [SINGAPORE] A company linked to Singaporean businessman Akbar Khan made a cash offer yesterday to buy up all the Malaysian Clob shares at steep discounts ranging from
    1,119 words
  • Article
    Akbar to also offer closed-end fund option: sources
    637 1  -  Pricing will be closer to market prices than cash offer From, Ruth Wong, Eddie Toh in Kuala Lumpur APART from his cash offer to mop up all the Malaysian shares previously quoted on Clob International, Singapore businessman Akbar Khan is also working
    637 words
  • Article, Illustration
    Lock icon Clob investors see red, and say they won't sell
    683 1  -  Discount is too much; why isn't S'pore govt more vocal, some ask By I Siow Li Sen, Ven Sreenivasan, Wong Wei Kong [SINGAPORE] It stinks. That's basically what livid investors who had poured money into Malaysian Clob shares had to say
    SIEW YAW HOONG  -  683 words
  • Article
    Give us fair play and open market
    81 1  -  LETTER TO THE EDITOR Satish K Khattar, Singapore IF 170,000 rightful owners can stand up to what is legally ours, if 170,000 people can vehemently reject businessmen disguised as white knights, we may lose money but certainly not our dignity. I urge all
    81 words
  • Article
    An offer that insults investors' intelligence
    526 1  -  These arbitrarily set prices are unfair, says E SXVAMITHI R SIVANITHY IT would be fair to assume that most investors in Malaysian shares who used to trade on Clob International are fairly intelligent. After all, they invested in Malaysian shares based on a reasonable
    526 words
  • Article
    SES to study offer, respond on Monday
    80 1 THE Stock Exchange of Singapore confirmed last night that it had received the offer document late yesterday evening. "We are studying the offer and will make an announcement on Monday," it said. Sources say the offer document was addressed to the Singapore Central
    80 words
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      Page 1 Advertisements Column 1
      148 1 PHBDE X I 1 UKA: ljt QTK STATS Private homes up 4.4% Lee Han Shih on some home truths about property prices, Pg3 Upbeat tat canting Singapore can beat the Ministry of Trade and Industry's economic growth forecast of minus one to one per cent for this year, says Deputy
      148 words
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      Page 1 Advertisements Column 2
      47 1 Akbar said to befronting for more powerful interests, Pg 2 Waivers from general offers for Akbar, Pg 2 Better late than early, Pg 2 Clob investors, what do you think of Akbar Khan s offer. Fax your views to us at *****71 or email us at http://business-times.asial.com.sg/
      47 words
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  • FOCUS ON CLOB
    • Article
      Better late than early, as some investors find out
      470 2  -  By* Conrad Raj [SINGAPORE] Procrastination has turned out to be a blessing in disguise for a few Clob investors who had held on to their Malaysian share scrip they found to their surprise that they can have their shares registered in
      470 words
    • Article
      Waivers from general offers for Akbar Khan
      715 2  -  Acceptance could see 33% breached in at least four cases From Eddie Toh in Kuala Lumpur SINGAPORE businessman Akbar Khan and his Malaysian associates will get waivers from extending general offers to minority shareholders of at least four Malaysian companies whose shares were
      715 words
    • Article
      Why not have Temasek or GIC buy the shares?
      253 2  -  MAXLBAG Oh Yew Poh via Internet Singapore I AM a retail investor in Clob counters and I wish to put forward my viewpoint. I accumulated Clob counters from March 1998 when the Malaysian bourse was mauled badly by the bears. It
      253 words
    • Article
      Akbar said to be fronting for more powerful interests
      625 2  -  Effective Capital formed on Feb 5 for express purpose of making the offer By* Conrad Raj [SINGAPORE] While Akbar Khan bin Mohamed Khan has hogged the headlines as the man behind the cash offer to buy up 10 billion Malaysian ringgit
      625 words
    • Article
      Statement issued by Effective Capital Sdn Bhd
      615 2 THE following is the full text of the statement issued on behalf of Effective Capital Sdn Bhd in Kuala Lumpur by its publicist yesterday. (April 30, 1999] A Malay-sian-based private investor group has made an offer to acquire certain securities issued by Malaysian
      615 words
    • Article
      Clobbered?
      834 2 Differences between Clob offer and closing prices OFFER PRICE APR 30 DISCOUNT RM 1 Aluminium Co of M'sia 0.510 1.300 -60.77 2 Amalgamated Ind Steel 0.650 1.700 -61.76 3 Amsteel Corp 0.190 0.580 -67 J4 4 Antah 0 380 0.865 -56.07 5 Arab M'sian Devt 0.220 0.570 -61.40 6
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  • 1st QTR URA FIGURES
    • Article, Illustration
      Lock icon Private home prices up 4.4% in Q1
      1066 3  -  First nptnrn after 10 declining quarters; terrace, condos lead with 6-7% rises By < Corinne Kerk rose 4.5 per cent in the Janu-ary-to-March quarter, after a 7.3 per cent drop in the previous quarter. Within the residential sub-segments, terrace houses saw the highest
      Source: URA/HDB  -  1,066 words
    • Article
      Major developers sell 900 private units in April
      973 3  -  Far East leads with 412 units sold, bat also tops nnsold list By Marissa Chew SINGAPORE'S major property developers sold about 900 private housing units in April, almost matching the average of 1,000 units a month in the first quarter of this
      973 words
    • Article, Illustration
      Office, shop and factory rents continue to fall
      517 3  -  By. Ang Wan May [SINGAPORE] Businesses continue to enjoy lower costs with falling rents and values of offices, shops and factories. Unlike the residential market, these segments are not expected to bottom out this year, say consultants. In the latest quarterly update,
      517 words
    • Article, Illustration
      Some home truths about property prices
      684 3  -  COMMENTARY More signs needed to confirm price nptnrn By Lee Han Shih IT'S official, home prices have rebounded after falling for 10 straight quarters. But it is too early to pop the champagne. Yesterday, the Urban Redevelopment Authority released its Property Price Index for
      684 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon S'pore can beat earlier 1% growth forecast, says BG Lee
      657 4  -  But, he cautious, recovery not yet broad-based, competition keen By] Eugene Low SINGAPORE can beat the Ministry of Trade and Industry's economic growth forecast of minus one to one per cent for this year, Deputy Prime Minister Lee Hsien Loong
      SIEW YAW HOONG  -  657 words
    • Article
      Prices of HDB resale flats have now fallen to late 1995 levels
      634 4  -  Ist QTR DBA FIGURES By] David Boey THE steady fall in prices for resale HDB flats in 1997 and 1998 continued in the first quarter of 1999, but the rate of decline was just 1.4 per cent the
      634 words
    • Article
      6% surge in March output lifts hopes for Q1 growth
      454 4  -  Manufacturing, electronics indices at highest in two years By. Jennifer Lien A SURPRISINGLY-strong set of March manufacturing figures has led some economists to suggest that the electronics sector might have recovered strengthening expectations that the first quarter economic growth was
      454 words
    • Article
      Growth forecast to be revised, announcement on May 17
      452 4  -  Signs of recovery but don't be complacent, Yock Snan urges By i Carol Eng SINGAPORE'S full-year economic growth forecast will be revised and announced with the release of the first-quarter results on May 17, Trade and Industry Minister Lee Yock Suan
      452 words
    • Article
      Mitsubishi Gas Chemical opens $25m plant
      333 4  -  Asian semiconductor industry seen poised to recover By 1 Tan May Ping THE Asian semiconductor industry looks poised for a recovery, according to officials of Mitsubishi Gas Chemical Company Inc (MGC) at the opening of its $25 million plant here yesterday its first in
      333 words
    • Article
      Corrections & clarifications
      38 4 Corrections clarifications IN the story in yesterday's Executive Money, "Trading shares at the click of a mouse", DBS Investor Online's Web site address was wrongly given as www.dbs.iol.com.sg. The company has clarified that the correct address is www.iol.dbs.com.sg.
      38 words
    • Article
      Electronic chemicals investment to hit $80m
      219 4 EDB plans to attract more foreign firms to the industry THE Economic Development Board (EDB) expects investment in Singapore's electronic chemicals, materials and gases industry to reach $80 million this year. This means Mitsubishi Gas Chemical Company's $25 mUlion plant is the last of
      219 words
    • Article
      Aim for another No 1: Lim Chong Yah
      202 4 S'pore should aim to lead in quality of life as well, he says SINGAPORE should try to scale a new height by aiming to offer the best quality of life, said Lim Chong Yah, who received the National Trades Union Congress' distinguished
      202 words
    • Article
      Banks are back courting businesses again
      477 5  -  Demand returning for infrastrnctnral equipment, industrial space By\ Siow Li Sen BANKS have returned to courting customers to take out loans as business confidence returns after a tough 1998 which threatened to wipe many companies out. And those which stood by their customers last
      477 words
    • Article
      Esprit launches its own Visa card
      417 5  -  By-. Rahita Elias FASHION retailer Esprit, which has remained profitable in Singapore despite the economic downturn, yesterday launched its own Visa card. S Chhibber, Esprit Holding's chief executive officer, Group Asia Operations, told BT yesterday in a telephone interview: "We already have the Esprit
      417 words
    • Article, Illustration
      Lock icon $14m renovation pays off for Pidemco's Temasek Tower
      440 5  -  Over 90% of space in former Treasury Building leased out Ry\ Rahita Elias PIDEMCO Land's Temasek Tower, which officially celebrated the completion of its $14 million renovation yesterday, has leased out more than 90 per cent of its office and retail space.
      ARTHUR LEE  -  440 words
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  • SINGAPORE 1000
    • Article, Illustration
      Lock icon STMicroelectronics shows the way
      1259 5  -  French-Italian chipmaker is one of only three outperforming the Asia-Pacific semiconductor market By. Audrey Tan FRENCH-ITALIAN chipmaker STMicroelectronics must be doing something right, if its Asia-Pacific sales are rising despite an industry glut and a regional recession. Jean-Claude Marquet, chief executive officer of its operations in
      ARTHUR LEE  -  1,259 words
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  • ASIA ON THE MEND
    • Article
      Moody's move sends Thai stocks flying
      553 6  -  SET index rises 6% on slew of good news including agency's upgrade for banks From, Harish Mehta in Bangkok THAI stocks hit a new 1999 high yesterday as US ratings agency Moody's Investors Service upgraded the outlook for the country's four biggest commercial banks
      553 words
    • Article
      Regional stocks ride on wave of funds; STI leaps 3.7%
      260 6  -  By\ R Sivanithy [SINGAPORE] The Straits Times Index surged an impressive 3.7 per cent yesterday as some regional stocks riding on a fresh inflow of funds came roaring back to end a two-day losing streak. Spearheading the region's gains was
      260 words
    • Article, Illustration
      Lock icon Market rallies to fade if no reforms, says IMF's Niess
      579 6 Some economies also need more rate cuts for growth, he says AFP [MANILA] The Asia-Pacific chief of the International Monetary Fund (IMF) warned yesterday that ongoing Asian stock market rallies would fizzle out if they were not accompanied by concrete
      AFP; FILE PHOTO  -  579 words
    • Article, Illustration
      Lock icon Waiting for Asean
      71 6 [MANILA] Japanese Finance Minister Kiichi Miyazawa (centre) and his two senior officials, finance deputy director-general Kiyoto Ido (left) and Finance Vice-Minister Eisuke Sakakibara, waiting in a hotel room before meeting Asean finance ministers on the sidelines of the Asian Development Bank (ADB) annual governors meeting in Manila
      AFP  -  71 words
    • Article
      Lock icon Tokyo mulling more measures for economy
      297 6 AFP [WASHINGTON! Japan's government is mulling additional economy-boosting measures to reach the promised 0.5 per cent growth this year, Tokyo's top economic planner said on Thursday. "We are ready to take various measures with a resolve of making no retreat," Taichi Sakaiya told reporters
      AFP  -  297 words
    • Article
      HK hanks cut rates in second reduction in under a month
      556 6  -  Move comes as htpffa March data shows 30% surge in new mortgage loans From< Quak Hiang Whai in Hongkong AS home loans surged and the Hongkong government warned banks to maintain prudent lending criteria, banks yesterday ordered yet another
      556 words
    • Article
      Lock icon KL puts administrators over four broking firms
      194 6 Reuters [KUALA LUMPUR] Malaysia's asset management agency said yesterday that it has appointed special administrators over four stockbroking companies. Pengurusan Danaharta Nasional Bhd said in a statement that the companies are MGI Securities Sdn Bhd, Jupiter Securities Sdn Bhd, Premier Capital Securities Bhd
      Reuters  -  194 words
    • Briefs
      • Article
        Lock icon NEAC clarifies Daim comment
        118 6 Bernama [KUALA LUMPUR] The National Economic Action Council (NEAC) yesterday clarified that First Finance Minister Daim Zainuddin had said that the economy can possibly grow above one per cent in an interview with a Japanese publication, released on the NEAC's website on April 29. The report
        Bernama  -  118 words
      • Article
        Lock icon Yuan devaluation won't hurt:Amex
        68 6 Reuters [BANGKOK] China will probably devalue the yuan next year but this is unlikely to trigger a major crisis in Asia, American Express Bank's chief economist said yesterday. "They don't need to devalue this year," John Calverly said. "But I think they probably will devalue next
        Reuters  -  68 words
      • Article
        Lock icon Philippine overnight rates cut again
        61 6 AFP [MANILA] Philippine monetary authorities said yesterday they will trim key overnight interest rates by 12.5 basis points, the 12th rate-cut this year. From Monday, the overnight borrowing rate will be reduced to 10.25 per cent from the current 10.375 per cent and the overnight
        AFP  -  61 words
      • Article
        Lock icon Don't expect speedy Thai recovery: BOT
        62 6 AFP [BANGKOK] Thailand's economy has bottomed out, the central bank said yesterday, but warned a recovery would not emerge overnight. "The economy has been already bottomed out, but do not put high hopes on a quick recovery because the economy has been severely damaged
        AFP  -  62 words
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      Page 7 Advertisements Column 1
      1114 7 GOODWOOD PARK HOTEL LIMITED AND ITS SUBSIDIARY COMPANIES (Incorporated In Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT J UNAUDITED RISULTS FOR THE SIX MONTHS jjjPjP 31 MARCH 1W» 1. Unaudited Profit and Loaa Accounta nit croup fflt company 1999 1998 Change 1999 1998 Change SS'OOO SS'OOO SS'OOO SS'OOO Turnover 106,798 107,848 -1.0
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      Page 7 Advertisements Column 2
      790 7 HOTEL MALAYSIA LIMITED AND ITS SUBSIDIARY COMPANY (Incorporated In Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT J UNAUPITID R« SUITS FPU THI SIX MONTHS «NMP 51 MABCH 1888 1. Unaudited Profit and Loss Account* ThiQreyp Tin company 1999 1998 Change 1999 1998 Change SS'OOO SS'OOO Ss'ooo Ss'ooo Tumover 18,046 13,266 36.0 18,061
      790 words
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  • REGION
    • Article
      Lock icon More of China's listed firms in the red: report
      389 8 SHANGHAI 77 companies report net losses in '98, op from 41 in '97 Reuters CHINA'S listed companies showed weaker results for 1998 as 77 firms reported net losses against 41 in 1997, the Shanghai Securities News reported yesterday. Winding up the
      Reuters  -  389 words
    • Article
      Lock icon KL accepts ruling on Param: Mahathir
      186 8 ALORSETAR Bernama PRIME Minister Mahathir Mohamad said Malaysia accepted Thursday's ruling by the World Court that Param Cumaraswamy, the United Nation's special rapporteur on human rights, was entitled to immunity from legal proceedings. "We now know that when we give immunity to a person
      Bernama  -  186 words
    • Article
      Lock icon Bank of China not to merge its HK units
      129 8 HONGKONG Bloomberg THE Bank of China has no plans to merge its 12 subsidiaries, said Liu Jinbao, speaking at the weekly meeting of the Hongkong Association of Banks. Mr Liu, chief executive of the Bank of China for Hongkong and Macau,
      Bloomberg  -  129 words
    • Article
      Lock icon Jakarta delays introduction of two-board system
      329 8 JAKARTA Possibly by year-end, in more stable market AFP THE Jakarta Stock Exchange has decided to delay the introduction of a two-board system and planned amendments to listing rules until the end of 1999, when market conditions are expected to have stabilised. "After thorough
      AFP  -  329 words
    • Article
      Lock icon HK companies find new life as technology firms
      645 8 HONGKONG Wharf shares soar on Bill Gates' mention of tie-np with unrelated Hongkong Telecom IHT TWO months ago, Wharf Holdings was an anaemic property and cargo-handling company with some not-very-profitable retail telephone and cable-television divisions. Its mountain of debt had been downgraded
      IHT  -  645 words
    • Article, Illustration
      Lock icon Sayonara
      51 8 [TOKYO] Confetti falling on stock traders yesterday as they marked the abolition offloor trading at the Tokyo Stock Exchange after 120 years. Hundreds of traders broke into emotional applause as Japan replaced the TSE's trading floor with computer technology. Earlier, Japan's share prices fe*****.71 points to close at 16,701.53p0ints
      AFP  -  51 words
    • Article, Illustration
      Lock icon In defence of Shahnon Ahmad
      756 8  -  AMIR mahmud applauds the veteran writer's boldness in his Uterary satire on M'sian political scene AMIR MAHMUD NST AMID all the headline making events rending the world, it's a pleasant surprise to find a novel and a Malaysian one at that! making the front pages
      NST; REUTERS  -  756 words
    • Article
      Lock icon Repco still under special admin
      253 8 KUALA LUMPUR Will stay so antil hearing of lawsuit; Danaharta Reuters MALAYSIA'S Pengurusan Danaharta Nasional Bhd said yesterday that special administrators remain in control of Repco Holdings Bhd pending a lawsuit by the timber and gaming company. Danaharta appointed special administrators on April 8 to
      Reuters  -  253 words
    • Article
      Lock icon Asean is 10-strong now with Cambodia
      181 8 HANOI Reuters CAMBODIA finally joined the Association of South East Asian Nations (Asean) yesterday in a ceremony hailed as a historic event for the region's 500 million people. After two years of wrangling, Cambodian Foreign Minister Hor Namhong and the other nine Asean foreign
      Reuters  -  181 words
    • Article
      Lock icon Samsung buys another 3.8% stake in Dacom
      271 9 SEOUL AFP SOUTH Korea's Samsung Group yesterday said it had secured an additional 3.8 per cent stake in Dacom Corp, escalating a heated takeover battle for the telecoms operator with rival LG Group. The move came a day after Samsung acquired a 2.75
      AFP  -  271 words
    • Article, Illustration
      Lock icon Ozzie soars to 14-month high of S$1.1255
      544 9  -  Commodity prices, US$ rise through Ssl.7 posh A$ up By' Larry Wee [SINGAPORE] The Australian dollar powered its way to a 14-month high of 1.1255 Singapore dollars, as surging commodity prices pulled it up to its highest in the last one year against
      Source: Bridge  -  544 words
    • Article
      Lock icon Firms see lower profits as India prepares for polls
      488 9 NEWDELHI Businesses expect companies and local governments to defer spending Bloomberg [NEW DELHI] As India prepares for its third elections in as many years, its biggest businesses, from Associated Cement Companies to ICICI Ltd, say profits will suffer as companies and
      Bloomberg  -  488 words
    • Article, Illustration
      Lock icon Japan's jobless rate hits record high
      461 9 TOKYO Axe falling on older workers, no jobs for fresh graduates AFP JAPAN yesterday posted a record jobless rate of 4.8 per cent in March as the deepest recession since World War II forced companies to ignore new graduates and brush aside the middle-aged.
      AFP  -  461 words
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  • THE WORLD
    • Article
      Lock icon US economy entered year on consumer spending surge
      542 10 WASHINGTON Above expectation Q1 GDP growth of 45% reignites fears of inflation, rate cnt Reuters, Bridge News THE booming United States economy roared into 1999 on a wave of consumer spending, the US government said yesterday, heightening fears in financial markets that
      Reuters,; Bridge News  -  542 words
    • Article
      Lock icon GM to challenge EU's antitrust allegations
      307 10 FRANKFURT Reuters GENERAL MOTORS Corp (GM) said yesterday it will challenge allegations by the European Union's antitrust watchdog that its Opel subsidiary violated EU regulations in cross-border sales practises in the Netherlands. The world's largest car maker said it did not prevent individual customers
      Reuters  -  307 words
    • Article, Illustration
      Lock icon Is this the face of an e-criminal?
      87 10 [TAIPEI] Taiwanese computer hacker Chen Ing-hau, 24, speaking to reporters yesterday after being questioned by police. During questioning, he admitted creating the devastating Chernobyl virus that recently ravaged computers worldwide. While the investigation is continuing, authorities freed Mr Chen as no one had
      REUTERS  -  87 words
    • Article
      Lock icon Britain avoids bust; now has to stop boom
      518 10 LONDON Up to BoE committee to slow down economy: analysts Reuters ON the eve of the second anniversary of his party winning power, there is growing belief that Britain's finance minister, Gordon Brown, has managed one half of his election pledge to
      Reuters  -  518 words
    • Article
      Lock icon US report goes easy on hedge funds
      159 10 NEW YORK NYT HEDGE fund managers, who six months ago were beside themselves that regulators might clamp down on their freewheeling partnerships in the wake of Long-Term Capital Management's near-col-lapse, are breathing easier. A long-awaited government report released on Thursday did not propose
      NYT  -  159 words
    • Article, Illustration
      Lock icon Watch forex reserves, Greenspan tells bankers
      538 10 WASHINGTON Hold enough to survive for a year without borrowing Reuters FEDERAL Reserve Chairman Alan Greenspan yesterday urged central banks in developing nations to manage their foreign exchange reserves more efficiently to help prevent financial crises. In a speech at the World Bank, Mr
      Reuters; RELTERS  -  538 words
    • Article, Illustration
      Lock icon Russia says IMF pact enables debt revamp
      434 10 MOSCOW Moscow hopes to resolve USsl6b debt owed to Paris, London clubs of govts Bloomberg RUSSIA said its new loan accord with the International Monetary Fund (IMF) may pave the way for a restructuring of US$l6 billion (5527.2 billion) of pre-1992 debt owed
      Bloomberg; REUTERS  -  434 words
    • WORLD Watch
      • Article
        Lock icon Yugoslavia may accept force in Kosovo
        51 10 Reuters, AFX-Asia [LONDON] Yugoslavia could accept an international force for Kosovo if the United Nations Security Council agrees to such a presence, foreign ministry spokesman Nebojsa Vujovic told CNN. He added that any force admitted to Kosovo must be an unarmed, international UN mission.—Reuters,
        Reuters,; AFX-Asia  -  51 words
      • Article
        Lock icon NZ's Moore proposed as new WTO chief
        59 10 Reuters, Bloomberg [GENEVA] The head of the World Trade Organisation's governing body yesterday proposed former New Zealand Prime Minister Mike Moore as the organisation's next director-general. Tanzanian Ali Mchumo, the current chairman of the WTO's General Council, made the proposal after Mr Moore
        Reuters,; Bloomberg  -  59 words
      • Article
        Lock icon Brazil to post trade surplus
        43 10 Bloomberg [BRASILIA] Brazil's trade balance probably swung into a US$222 million (***** million) surplus in April as imports tumbled in the aftermath of the January currency devaluation. Still, low prices for key Brazilian exports curbed export growth. Bloomberg
        Bloomberg  -  43 words
      • Article
        Lock icon German commission proposes tax cut
        40 10 AFX-Asia [BRUEHL, Germany] A special commission established to draw up plans for a corporate tax reform suggests that the main corporate income tax rate be cut to 25 per cent from 40 per cent now.—AFX-Asia
        AFX-Asia  -  40 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Ellington centennial has America swinging
      683 11 AFP [CHICAGO! With concerts, exhibitions, seminars and films, America paid a swinging tribute on Thursday to one of its most gifted and prolific musicians: "Duke" Ellington, who was born exactly a century ago. Pianist, band leader and composer of thousands of musical works ranging from
      AFP; FILE PHOTO  -  683 words
    • Article, Illustration
      Eclectic works
      602 12  -  Among the celebrations planned for the Netherland's national day, parvathz nAyar finds a diverse collection in an art exhibition PARVATHI NAYAR TO celebrate the Queen's Day, the National Day of the Netherlands, there have been a variety of events ranging from official receptions at the Embassy of the
      602 words
    • Article, Illustration
      Lock icon Violent films are not guilty in game of blame
      692 12  -  FILMS Let's not confnse the symptom with the disease By< Chris Garcia NYT [AUSTIN, Texas] This just in: Movie violence sells. Millions upon millions of people across the nation have bought tickets for the perversely peculiar adrenaline rush provided by gun
      NYT; FILE PHOTO  -  692 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1865 11 CRYPTIC CROSSWORD ACROSS m ■■■■■F 6 Earth-shattering result of scientific split (6,4) 8 King rescued from hostile ar- MB Ml U my -PP—W—-^l—-P® 9 Oy! Mouthwashes required j no for prominent church fig--11 Team's boundary line (4) 12 Greek character resorts to 13 Amazing passages! (9) 16 Settlement where Yorkshire-
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      443 12 Dutch Art Exhibition can be viewed till tomorrow at Les Oiseaux, Level 5, Marina Mandarin Singapore from 11.30 am to 8.30pm today, and from 11.30 am to spm tomorrow Where to wine, dine and entertain (SJaSS at^SSlSn^wJridSde. m x ij bJL WV WVV CITY THAI SHARKSfIN RISTAURANT Braised Superior if
      443 words
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      Page 12 Advertisements Column 2
      35 12 Create your oum set lunch of Continental cuisine with strong French Italian influences. Mondays to Fridays IOD noon to 2.30pm (last order) fKp Price: $28+++ Rcvolvil| Reservations: *****58/88 333 Orchard Road, Singapore *****7. Tel: *****11
      35 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Prosecution a sign of KL's tough stance
      647 13  -  Sime banker's case shows M'sia serious about corporate governance From, Ruth Wong in Kuala Lumpur MALAYSIA'S recent tough stance against alleged whitecollar offenders including yesterday's prosecution of top former banker Ismail Zakaria has been lauded by analysts who say it will help win
      647 words
    • Article
      CAM to get BIL's help in fund-raising and relisting
      278 13  -  By' Ven Sreenivasan [SINGAPORE] In another step towards a relisting, troubled CAM International Holdings Ltd yesterday announced that it had appointed Banque Internationale A Luxembourg BIL (Asia) Ltd as its financial adviser. CAM said the bank's role would be "to raise
      278 words
    • Article
      Are the skies ahead clearer for Malaysian Airline System?
      814 13  -  HOCK LOCK SIEW Ruth Wong MOTIONAL carrier Malaysian Airline System Bhd (MAS) sees clearer skies ahead. While there are indications the horizon is m brightening, market observers wonder if a storm could cloud the airline's ftiture. When executive chairman Tajudin Ramli
      814 words
    • Article, Illustration
      Lock icon Why no bank has matched OCBC home loan
      465 13  -  Observers speculate about how its rate exposure is managed By I Siow Li Sen [SINGAPORE! OCBC Bank may have taken the lead in fixing the interest rate for the first five years of its housing loan but none of its rivals have
      FILE PHOTO  -  465 words
    • Article
      Hwa Hong associate in talks to sell TradeMart
      192 13  -  Wong Wei Kong [SINGAPORE] Hwa Hong Corp yesterday said its 50 per cent owned associated company, Trade Mart Singapore, is in talks with a third party on the disposal of Trade Mart, a merchandising and distribution centre at Martin Road. It also
      192 words
    • Article
      Goldtron chief sold 5.7m shares from August
      152 13  -  Teh Hooi Ling [SINGAPORE] Goldtron chairman Ong Soon Kiat, who pleaded guilty to market rigging offences in March, sold some 5.7 million shares in the company between last August and April this year. However, he also bought 600,000 shares in the open market
      152 words
    • Article
      EGM passes OCBC share option proposals
      269 13  -  By\ R Sivanithy {SINGAPORE] OCBC Bank yesterday announced that all its proposals relating to its employee share option scheme, including the controversial extension of the life span of existing options, have been passed at an extraordinary general meeting held on its premises yesterday afternoon.
      269 words
    • Article
      FCC selling five factories to HLIH
      207 13  -  By, Ang Wan May [SINGAPORE] Mainboardlisted First Capital Corporation (FCC) is selling five terrace factories in Paya Lebar to Hong Leong Investment Holdings (HLIH) for $21.5 million. Through Trumarq (Asia), HLIH has paid an initial option fee of $215,000 to buy the freehold property
      207 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article, Illustration
        Lock icon Goodwood interim profit soars to $24.8m from $372,000
        337 14  -  CORPORATE RESULTS Hotel Malaysia also reports strong figures boosted by sale of investments By\ Eugene Low [SINGAPORE] Despite a tourism industry that is languishing in the doldrums, Goodwood Park Hotel and subsidiary Hotel Malaysia yesterday reported substantial improvement in their interim profits
        FILE PHOTO  -  337 words
      • Article
        Uraco plunges deeper into red with $16.2m loss
        288 14  -  Provision for bad debts wipes out first-half earnings By Rahita Elias URACO Holdings, which analysts are expecting to return to profitability in the current year, yesterday said it sank deeper into the red at halftime, with net losses rocketing from $969,000 previously
        288 words
      • Article
        Lock icon Pacific Century to pay US$34.5m for Tricom stake
        403 14 Move seen to help it raise fands for HE high tech park Bloomberg [HONGKONG] Pacific Century Group will pay U5534.5 million (5558.7 million) for control of Tricom Holdings Ltd, a Hongkong-listed electronics maker, making it easier to raise funds for a proposed
        Bloomberg  -  403 words
      • Article, Illustration
        Lock icon MBf Capital operating revenue drops 94%
        395 14 Results of wholly owned subsidiaries not consolidated Bernama [KUALA LUMPUR] MBf Capital Berhad Group has reported a 94 per cent decline in its operating revenue for the 1998 financial year compared to the previous year, it was announced here yesterday. This followed a decision
        Bernama; FILE PHOTO  -  395 words
      • Article
        Lock icon Phillip's Thai unit to start Net trading
        217 14 Bloomberg [BANGKOK] Phillip Securities (Thailand), a unit of Singapore's Phillip Securities, says it plans to introduce Internet stock trading in the Ju-ly-to-September quarter to cut costs and attract customers from outside the capital. Phillip Securities will become the first securities house in Thailand
        Bloomberg  -  217 words
      • Article, Illustration
        Lock icon SingTel to hang onto SingNet despite Net stock fever
        290 14 Bloomberg [SINGAPORE] Singapore Telecom, the dominant phone company which operates the island's No 1 Internet service provider, will keep its Internet business in its fold, chairman Koh Boon Hwee said. "Internet stocks are really hot right now (but) we feel it's
        Bloomberg  -  290 words
      • Article
        Mesdaq's pioneer stock Supercomal makes 19.4% gain
        393 14  -  259 trades on first day with 151,300 shares traded From, Diana Oon Abdullah in Kuala Lumpur MESDAQ, Malaysia's new stock exchange, got off to a good start yesterday with the price of first listing Supercomal Technologies Berhad posting a 19.4 per cent gain
        393 words
      • COMPANY Briefs
        • Article
          Leong Horn Kee is acting MD for YHS
          39 14 (SINGAPORE] Yeo Hiap Seng has appointed Leong Horn Kee its acting managing director and chief executive officer, with effect from today. Mr Leong is also managing director of Orchard Parade Holdings.
          39 words
        • Article
          Yenville cuts stake in Econ to 34%
          42 14 [SINGAPORE] Econ International substantial shareholder Yenville has reduced its stake in the company to 34.1 per cent from 39.3 per cent following the disposal of 11.2 million shares. Yenville now holds 73.3 million Econ shares.
          42 words
        • Article
          Amtek sets up Mexico unit
          46 14 (SINGAPORE] Amtek Engineering has formed a wholly-owned subsidiary, Amtek Mexico, in Palaco Industrial Park, Mexico. Amtek Mexico is mainly engaged in the manufacture of dies and moulds for metal stamping, precision metal stamped parts, injection plastic parts and moulded rubber components.
          46 words
        • Article
          Permasteelisa plans share buyback
          55 14 [SINGAPORE] Permasteelisa Pacific Holdings has proposed a share buyback. The company said yesterday that, subject to in-principle approval from the Stock Exchange of Singapore, it will be convening an extraordinary general meeting to seek approval from shareholders for the share buyback and an amendment of its
          55 words
        • Article
          UIC divests interest in Yongnam
          39 14 [SINGAPORE] United Industrial Corporation has ceased to have any shareholding interest in Yongnam Holdings. UIC said its wholly-owned subsidiary, Alshine, divested its remaining 767,943 shares in Yongnam for a total of $1.7 million yesterday.
          39 words
        • Article
          Popular buys Pan Lloyds
          39 14 [SINGAPORE] Popular Holdings has bought 500,000 shares in Pan Lloyds Publishers for HK5496,251' (*****,930). It said yesterday that Pan Lloyds, whose ma in activity is the publication of supplementary books, is now its wholly-owned subsidiary.
          39 words
        • Article
          Freight Links seeking to extend wrts
          135 14 [SINGAPORE] Freight Links Express Holdings will seek shareholders approval on May 12 to extend the life of its warrants that are expiring on May 28 by two years, to May 25,2001. The Stock Exchange of Singapore approved the company's application to extend the warrants
          135 words
        • Article
          SCS seals tie-up with Shell
          53 14 [SINGAPORE] Singapore Computer Systems (SCS) signed a memorandum of understanding with Shell Services International (SSI) yesterday. Under the MOU, SSI will be able to market and provide consultancy support to SCS's Training Integration and Management System (Tims) within Shell companies worldwide as well as to
          53 words
        • Article
          Higher volume in General Magnetics
          44 14 [SINGAPORE] General Magnetics yesterday said it was not aware of any reason for the increase in the trading volume of its shares. A total 0f812,000 shares changed hands yesterday, with the share closing 12 cents higher at 55 cents.
          44 words
        • Article
          Lock icon Commerce Asset upbeat on bank merger
          73 14 Bernama [KUALA LUMPUR] Commerce Asset-Holding expects the new entity resulting from the proposed merger of Bank of Commerce and Bank Bumiputra Malaysia to show positive results in the near future. "We expect the new bank to be able to hold its own against competitors
          Bernama  -  73 words
        • Article
          Lock icon Piltel says subscriber base up 3% in Q1
          89 14 Bloomberg [MANILA] Filipino Telephone Corp, the debt-strapped mobile phone unit of Philippine Long Distance Telephone Co, said its subscriber base grew 3.4 per cent in the first quarter. Piltel president Napoleon Nazareno told stockholders at the company's annual meeting that its subscriber
          Bloomberg  -  89 words
    • INTERNATIONAL/REGIONAL COMPANIES
      • GLOBAL Briefs
        • Article
          Lock icon Wall St firms, exchanges pass Y2K test
          92 15 NYT (NEW YORK] Wall Street firms and exchanges completed extensive mock trading of stocks, bonds and other securities simulating the end of December and the start of next year with almost no interruptions from Year 2000 computer problems, according to a summary of
          NYT  -  92 words
        • Article
          Lock icon Zurich Ftn net up 25% before charges
          80 15 Reuters [ZURICH] Zurich Financial Services, one of the world's biggest insurance groups, yesterday reported a 25.3 per cent rise in net profit before charges for 1996, the first year of its existence after an Anglo-Swiss merger. Zurich Financial Services said its net profit
          Reuters  -  80 words
        • Article
          Lock icon 21% profit jump for NY insurance broker
          82 15 Bloomberg {NEW YORK] Marsh McLennan Cos, the world's largest insurance broker, said first quarter earnings grew 21 per cent as profit jumped at all units, including money management and consulting. Net income of the New York company climbed to US$279 million (*****.3 million),
          Bloomberg  -  82 words
        • Article
          Lock icon Evergreen Marine reports fall in sales
          60 15 Bloomberg (TAIPEI] Evergreen Marine Corp, the world's second largest container shipping company, said March sales fell 37.7 per cent from a year earlier to NTSI.6S billion (5585.6 million). Evergreen's sales for the first three months, including those of offshore unit Greencompass Marine SA, totalled
          Bloomberg  -  60 words
      • Article
        Lock icon Top European names vie for Credit Lyonnais
        400 15 Bids to own stakes reflect vote of minigtgr Reuters IPARIS] French bank Credit Lyonnais, hauled back from collapse by a government rescue, has won a vote of confidence as 10 groups vie for the right to become key shareholders when it is privatised.
        Reuters  -  400 words
      • Article
        Lock icon Olivetti officially launches bid for Telecom Italia
        488 15 Hint of support for USs6sb bid from largest 'core' Telecom shareholder Reuters [MlLAN] After weeks of drama, Olivetti yesterday officially launched its US$65 billion (Sslll billion) bid for Telecom Italia as it struggles to beat rival bidder Deutsche Telekom in the battle for
        Reuters  -  488 words
      • Article
        Lock icon Evergreen won't be buying JAL stake
        290 15 Bloomberg [TOKYO] Japan Airlines Co's biggest shareholder, Eitaro Itoyama, who wants to sell his stake in the airline, said talks with Taiwan's Evergreen Group broke down. "Evergreen was clearly interested in buying the stake," he said. "But they weren't able to provide the money."
        Bloomberg  -  290 words
      • Article, Illustration
        Lock icon Volvo raises voting stake in Scania to 15.1%
        387 15 Bloomberg [STOCKHOLM] Volvo AB, the world's second-largest truckmaker, said it raised its voting stake in Scania AB to 15.1 per cent, putting further pressure on its Swedish rival to agree to a cooperation. Scania said it continues to reject Volvo's advances. Volvo
        Bloomberg; FILE PHOTO  -  387 words
    • Article
      BT SHARE INFORMATION SERVICE
      3819 15 Net earn CPS Mtagwmuc* HvM P a.263 13.031 637 6.75 Otf TY IV TY IV NOL Mar 31 P 438.1.4L 297.301 AIL 411 Cw>1) MM <♦») <Snt> (etc) <Ct«) MM traadawy Mar 18 P 24.173 17.475 17.9 13.0 Nptfftctrenic* Mar 3 P 66.606 36.068 T7.1 H6
      3,819 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Bank loans seen to register positive growth by end of '99
        483 16  -  Real growth to start from 2001 as loans lag behind economic recovery: analysts By < Clarissa Tan [SINGAPORE] Bank loans will start to show positive growth by year-end or early next year, but "healthy growth" will only be seen
        Source: MAS  -  483 words
      • Article
        OUB to levy charge on small savings accounts
        352 16  -  It's $2 a month if average falls below $100 By Clarissa Tan [SINGAPORE] Overseas Union Bank will be levying a charge on its savings accounts customers who do not keep balances of at least $100, to more accurately reflect the costs of
        352 words
      • Article, Illustration
        Lock icon US$ heading north against Sfr
        358 16 Eoro/USB: As expected, the euro/USS was supported this week. Trading activities were generally quiet, ahead of Japan's golden week. The unit kept within the range from 1.0575 to 1.0695. Strong resistance is seen at 1.0715 and a breach of this level is required to see
        Source: DBS Bank  -  358 words
      • Article, Illustration
        Lock icon Liffe to apply for lifting of ban on operating in the US
        382 16 FT [LONDON] London's futures exchange is to apply for a waiver on a regulation banning foreign exchanges from operating in the US in a last-ditch attempt to overcome what the exchange claims is "discrimination" against it. Brian Williamson,
        FT; FILE PHOTO  -  382 words
      • Article
        Lock icon BCI in talks with Banca Intesa about possible merger
        299 16 Bloomberg [MILAN] Banca Commerciale Italiana SpA, the target of a US$l5.3 billion (Ss26 billion) takeover by UniCredito Italiano SpA, Italy's No 3 bank, said it's in talks about a rival merger with Banca Intesa SpA, the second-biggest bank. BCI, Italy's No
        Bloomberg  -  299 words
      • Article
        Lock icon 13 Italian banks in collusion probe
        266 16 They are said to have exchanged info; set fees for services Bloomberg [ROME] The Bank of Italy opened an investigation into 13 of the country's largest banks on suspicion they may have colluded to exchange information, set fees for services and set interest rates,
        Bloomberg  -  266 words
      • Article
        Lock icon Hyundai, Cho Hung clear way for 4-bank merger
        270 16 Bloomberg [SEOUL] Cho Hung Bank said it has reached an agreement with the Hyundai Group clearing the way for a four-way bank merger that will make Cho Hung Korea's third-largest commercial lender. Hyundai, the nation's largest industrial group, agreed to a stake
        Bloomberg  -  270 words
      • Article, Illustration
        Lock icon Petrol prices double in Russia
        62 16 [ST PETERSBURG] A gas station employee changing prices on petrol pumps early yesterday. Prices nearly doubled overnight in Russia, with 95 octane petrol jumping from four roubles per litre to 7.9 roubles. International crude oil prices have recovered strongly from around 25-year lows since early
        REUTERS  -  62 words
      • Article
        Business prospects in Asia seen as still good
        183 16 [SINGAPORE] The days of double-digit economic growth rates in Asia are over. But future business prospects in Asia are still good. The Asian challenge for businessmen and exporters is to calculate risks and take their chances well. This advice was given yesterday
        183 words
      • Article
        Lock icon Seoul to probe Hyundai's 4t won equity fund
        357 16 Hyundai may be nsing fnnds to buy own company shares FT [SEOUL] South Korea is to investigate a popular equity fund managed by Hyundai, the nation's largest conglomerate, for possible misuse of funds a decision partly responsible for a 4.7 per cent
        FT  -  357 words
      • Article
        Futures up sharply on strong production data
        150 17  -  «i—m Reports MSCI Singapore Index Larry Tee, Jardine Fleming THE MSCI Singapore Index May futures contract yesterday opened at 269.10 and traded to its low of 269.00 before buying interest emerged. The May futures contract traded sharply higher to close at 280.00, one
        150 words
      • Article
        Futures up for the first time in five days
        184 17  -  Charlie Kuo Refco Singapore MSCI Taiwan fatnres THE Simex MSCI Taiwan Stock Index futures rose for the first time in five days yesterday as traders bet that cyclical stocks may benefit from faster global growth. The May '99 contract soared 3.6
        184 words
      • Article
        Lock icon Oil prices set new 15-month high but market stays cautious
        342 17 ENERGY REPORT Reuters [LONDON] World oil prices showed no sign of wilting yesterday as they overtook this week's 15-month high but the rise was cautious as refiners began to feel the pinch of higher crude oil prices, dealers said. International
        Reuters  -  342 words
      • Article
        Lock icon CURRENCY REPORT
        328 17 Reuters, Bloomberg London THE dollar briefly gained the upper hand in afternoon trade in Europe yesterday as a broad-based surge on strong US growth data enabled it to set a new lifetime high of U551.0552 against the euro, analysts said. Against the yen, the US unit stopped short
        Reuters,; Bloomberg  -  328 words
      • Article, Illustration
        Untitled
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        1,012 words
      • Article
        Untitled
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        1,368 words
    • Article, Illustration
      Lock icon HONGKONG
      1313 18 AFP +1515 HONGKONG shares prices rose 1.2 per cent on selective buying yesterday after Wall Street stocks closed at another record-high level overnight, dealers said. "The market is moving slowly, with not much profittaking pressure," said Howard Gorges, vice-president of South China Brokerage. The key Hang Seng Index gained
      AFP  -  1,313 words
    • Article, Illustration
      Lock icon CHINA
      535 18 Reuters QShenzhen Blndex +L5l SHENZHEN'S hard currency B shares ended with sharp gains yesterday as keen bargain-hunting interest in large-capitalisation Guangdong Power boosted a thin market. The B share index rose 1.51 points, or 2.82 per cent, to 55.35 on turnover of HK$9.2 million, compared with HK$B.5 million on
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  535 words
    • Article
      Lock icon TAIPEI
      355 18 AFP QW? Index +8L55 SHARE prices closed 1.1 per cent higher yesterday as late bargain-hunting wiped out early losses, dealers said. The TSE Weighted Price Index rose 81.55 points to 7,371.17 on a turnover of NT5102.85 billion. "Investors rushed to bar-gain-hunt shares following three consecutive sessions of losses. Sentiment
      AFP  -  355 words
    • Article
      WORLD STOCK MARKETS
      2053 18 LONDON JHHHM Industrials «»r30 M 31 Group 6.74 unch A 8 Foods 4.57 -0.07 A B Ports 2.81 -0.04 ARM Domecq 4.M 0.06 Allied Zurich 8.49 0.03 Anglo AmorIcin Gold 43.01 1.51 ASOA Group 2.08 0.05 Bon* of Scotland 9 JO 0.17 Barclays 19.74 0J1 Bass 9.77
      2,053 words
    • Article
      Lock icon TOKYO
      1556 18 AFP PjjMjjtMß -240.71 SHARE prices in Tokyo tumbled 1.4 per cent yesterday as investors sold high-tech issues after electronics giant Sony Corp's poor earnings forecast dampened sentiment, brokers said. Brokerage dealers also led profit-taking ahead of a holiday-studded five-day recess. The market, which was also closed the previous day
      AFP  -  1,556 words
    • KUALA LUMPUR STOCK MARKET"
      • Article, Illustration
        Lock icon Shares edge up on Mow-through buying
        381 19 AFP n Composite Indei +&24 MALAYSIA'S key share index ended 0.9 per cent higher yesterday due to foUow-through buying with blue chips leading the gains. "Blue chips led gains on foUow-through buying from Thursday," an institutional dealer with a local brokerage said. The dealer
        AFP  -  381 words
      • Article
        Untitled
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        7,457 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2113 20 MMM, LOANS iWMMMS 52-Wk Hl h V Vat Day LmI Ouot. Av« «tw Company Sale *or- coop) High L— »uy«r Setter Met J' J 3160 "Acer ******1 US$ 20.5 *2 376 21 19.5 20.5 21 J s 3164 Acma #*****4 24.5 »2 530 25 23.5 23 5 24 5 25
        2,113 words
      • Article
        L-Jacoberg wrt: consolation is 2002 expiry
        172 20  -  WARRANT WATCH -By R Sivanithy ONE stock which some houses are very positive about is engineering Arm Lindeteves Jacoberg, so perhaps a look at its current numbers might be interesting. The instrument has a $1 exercise price compared to the shares at $1.80, so
        172 words
      • Article
        CLOB INTERNATIONAL
        202 20 Of Or y* °*l LmtOiato Dh Dh VM M M C«» HUfc L— Stow Cui-ny tf rOOO) Mlg Lmm m*w W« Cw M tmd 345 T73 5123 C0L<2000)HK 3» Cd -5 20 *****0 305 320 a 24 26 15 9 ***** 5124 Cjtfwy Pie 20c HK_720 id 265
        202 words
      • Article
        Lock icon WELLINGTON
        293 20 AFP □Wellington jUI NEW Zealand shares closed softer yesterday in mixed trading as the week's main driver, the pulp and paper sector, ran out of steam. The NZSE-40 Capital Index ended down 14.56 points, or 0.6 per cent, at 2,278.28 on turnover of NZ$lOO million. —AFP *a mm Advantage
        AFP  -  293 words
      • Article, Illustration
        Lock icon BANGKOK
        901 20 AFP P SET Index +2181 THAI stocks rocketed 6.2 per cent to their highest level in more than a year yesterday after Moody's Investors service upgraded its outlook rating for leading Thai banks. The SET Composite Index closed up 26.86 points at 459.35. It was the index's highest close
        AFP  -  901 words
      • Article
        Lock icon SEOUL
        361 20 AFP POompoßtafalg -&02 SHARE prices closed slightly lower yesterday as uncertain investors groped for direction, dealers said. LG Securities analyst Yoon Sam Wui said the index was weighed down largely by heavy programme selling, but with retail bargain-hunt-ing keeping the downside firm. The Composite Index closed 0.02 point lower
        AFP  -  361 words
      • Article
        Lock icon SYDNEY
        630 20 AFP PADOnßntriai -3LB WEAKER blue chip industrial stocks pulled the Australian sharemarket 0.1 per cent lower yesterday, offsetting a strong rally in the resource sector, brokers said. The All Ordinaries Index fell 3.8 points to 3,101.1. The All Resources Index rose 24.1 points to 1,225, while the All Industrials
        AFP  -  630 words
      • Article, Illustration
        Lock icon JAKARTA
        686 20 AFP W Composite Index *423 INDONESIAN shares closed 0.8 per cent higher yesterday but off their highs amid late profit-taking in most large stocks following heavy foreign buying, dealers said. Dealers said the market was generally driven by foreign liquidity rather than any fundamental factors although many companies published
        AFP  -  686 words
      • Article
        Lock icon MANILA
        298 20 AFP f% Manila PHILIPPINE share prices closed marginally higher yesterday as investors bought up key issues, brokers said. The Composite Index added 0.21 point to close at 2,433.70. A total of 1.28 billion shares worth 3.94 billion pesos were traded yesterday, from Thursday's 1.74 billion shares worth 2.7 billion
        AFP  -  298 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD"
      6316 21 date: Apr 30 tin,..,, is; a °sa, =s <% si a,s MMTHWUSTtY 2 17.5 m b 1000 AcmaSOc 101 cd »4.5 988 101 96 5 100 101 10 33 S ai 1*71 100 49 25 c 1217 AIH.nctT.ch 37 .2 25 37 36 34
      6,316 words
    • Article
      SESDAQ
      1040 21 m.. i <z gg NMMCIWM 174 30 C 2049 AS Auto 10c 113 *4 S63 114 110 1t3 114 15 N 7 L3 MIT i?o TO.5 45 c 2051 ASJHMqi20c *7 -3 6 67 64k5 67 70 5 33 10 9 U tl 603 70 228 85 C 2001
      1,040 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        421 22 tii da J Vttamt Hotel Prop 3a, 354,000 STEnggKJc 22,537.000 Lian Benq 5c 18.299,000 Li Xin 10c 17,750,000 Wing Tai 25c 12,917,000 Broadway 20c 12,380,000 Teledata 10c 12,065,000 Orchard P 50c 10,985.000 Bonvest Wt02 10,932,000 SingTel 15c 9,983,000 Stocks Hotel Prop 46,698,650 ST Engg 10c 40,611,260 OCBC Foreign 39,206,986 SingTel
        421 words
      • Article, Illustration
        Market shows surprise strong rebound
        578 22  -  BTOCB MARKET COMMENTARY STI jumps 67.7 points, helped mainly by short-covering second liners still in limelight By R Sivanithy IT was smiles all around yesterday as a rebound brought about by some bar-gain-hunting and mainly short-cover-ing contributed to an unexpectedly strong 67.7-point jump in the
        578 words
      • ON THE GRAPEVINE
        • Article
          Play it again, Sam
          143 22 ONE-TIME top corporate player Samsudin Abu Hassan, who left Malaysia for South Africa back in 1995, is back in town with a likelihood of raising his profile in the Kuala Lumpur business circle again. When spotted by BT recently, Mr Samsudin said he was looking at
          143 words
        • Article
          A lot from Michelle Yeoh
          114 22 AT a press conference in Singapore, Malaysian movie star Michelle Yeoh was asked what her contribution to martial arts was. "A lot" was the unabashed answer from this lady who starred in martial arts flicks and the James Bond movie, Tomorrow Never Dies. Thanks to
          114 words
        • Article
          Mementee
          75 22 A MAN videotaped himself cutting off his toe before placing one of his estranged wife's rings around the severed digit, gift-wrapping it and leaving it for his wife, a court in Melbourne, Australia, heard yesterday. The unusual mementoe, along with the video, was left in the family safe by
          75 words
        • Article
          One man one viagra
          77 22 FORGET one mail one vote, Israel needs one man one viagra. The country's extended election campaign has massively dampened the sexual appetite of its citizens, a top Israeli sex therapist told AFP this week. "Sexual activity among Israelis has declined by an average of 82 per
          77 words
      • Article, Illustration
        HOT STOCK
        60 22  -  By Wong Wei Kong HOTEL Properties yesterday rose 20 cents to $1.31 with 38.4 million shares traded, compared with its 10-day traded average of 10.3 million shares. The stock is at a new 52-week high, but the technical indicators such as the RSI, Stochastics and MACD charts suggest
        60 words
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      85 21 f calling about f See...l told\ /The card we're\ the computer I you this was a making for Susan V at, vertisedin J /^A^TirXX. gC>od deal ->/ Yup, we got what V is going to be J Straits Times I we wanted because V real nice! Ll^ihed^ —I I 1
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      Page 22 Advertisements Column 1
      799 22 Want to talk investments with your peers? Join our forum at "http://iol.dbs. com.sg/iol/bbs". 831 IBS BANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE OF SPECIAL RESOLUTIONS CRESSET PTE LTD At an Extraordinary General Meeting of the members of CRESSET PTE LTD, duly convened and held
      799 words