The Business Times, 14 June 1997

Microfilm: NL20785
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 023^12/96 85e SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, JUNE 14-15,1997
    14 words
  • Article
    MARKET SUMMARY
    2 1
    2 words
  • Article
    FINANCE
    8 1 y IBP •A&petf 11 (Source: NatWest Bank)
    8 words
  • Article
    Tokyo Big Bang to go boom before target date
    805 1  -  Government announces measures to enforce early financial rinragnlatinn From Anthony Rowley in Tokyo JAPAN'S financial deregulatory "Big Bang" is to be phased in sooner, with the programme to be completed well before the target date of 2001. Legislative and administrative actions
    805 words
  • Article, Illustration
    Lock icon Dishonest bosses liable for damages: UK law lords
    398 1 But employees will be hard pat to prove ruined job prospects FT [LONDON] Workers whose job prospects are ruined by the dishonesty of their employers could sue for damages for the "stigma" they suffer, Britain's House of Lords has ruled. It arose
    FT  -  398 words
  • Article
    Lock icon Dow extends winning streak with 74-point rise at 1pm
    235 1 AFP AFX [NEW YORKJ Wall Street extended its record-breaking run to a sixth consecutive day in morning trade yesterday, fuelled by reports that inflation is under control in the wake of a decline in the May producer price Index. By lpm
    AFP; AFX  -  235 words
  • Article, Illustration
    Lock icon The music will stop at Zouk site in 1999
    335 1  -  By] Eileen Khor [SINGAPORE] The government is not renewing the lease on the site occupied by trendy nightspot Zouk. The lease expires in mid--1999, an Urban Redevelopment Authority (URA) spokesman said this week. Zouk management declined to comment when contacted. However,
    ERIC CHU  -  335 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      35 1 UMBBB pom ipHMiH leE! mi*m rhungw in the law ew the ale and MelrioßtfChiM 1 f PUOJETHWTB SINGAPORE ..2 REGION 4 WORLD 5 PERSONAL FINANCE ..6 TV. EL7 COMPARES 7-9 M t 8 «r '-A
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      Page 1 Advertisements Column 2
      89 1 US prodaoer prices fall for sth consecutive month, Pg 5 The sensation of time CONCORD. Watchmakers Since 1908 SWISS CONCORD VENETCT a tactile experience... Eighteen karat, white gold hand-sculpted, hand-polished. Hmq w Exuding an unmistakable sense of luxury. jM^KjP "*3f "J 4t -ft Roy Eastern Watch The very special place
      89 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      New HDB resale levies apply to CPF grant buyers
      557 2  -  Resale Price Index of HDB flats eased from 40&2 in Q4 last year to 405.0 in Q1 By Abdul Hadhi BUYERS of HDB resale flats who took up the government's $40,000-$50,000 CPF housing grants will also be subject to the revised
      557 words
    • Article, Illustration
      Lock icon UN agency attacks telcos for flouting international rules
      605 2  -  ASIA TELECOM 97 They cat c»sts by. iVfiling adftW cheapest routes By\ David Boey A SENIOR official of the International Telecommunication Union (ITU) yesterday slammed telecommunications companies that have skirted round International Telecommunications Regulations (ITR) by exploiting a loophole in the guidelines.
      Source: USA,Global Link,Inc  -  605 words
    • Article
      ISPs gearing up to offer online games
      214 2 SINGAPORE'S Internet service providers (ISPs) see good business in a social phenomenon online games. In online games, a user, through the modem and a personal computer, checks if there are players for a particular game. If there are, he can play with them.
      214 words
    • Article
      ITU must change to remain relevant in IT age: official
      342 2  -  By\ David Boey THE wellspring of innovations generated by explosive growth in the telecommunications and information technology industries, coupled with the convergence of these technologies, makes it imperative that the International Telecommunication Union (ITU) restructure to face the future, said
      342 words
    • Article
      Visitor arrivals up 1.9% in April
      346 2  -  Traffic from Indonesia increases; Japan fignres flat By, Ang Wan May SINGAPORE received 595,466 visitors in April, or 1.9 per cent more than in the same period last year, figures from the Singapore Tourist Promotion Board (STPB) show. For the first four months of
      346 words
    • Article
      Pawnshop loans grew 5% in first quarter
      509 2  -  Bnt pawnbrokers expect leaner times ahead By I Siow Li Sen PAWNSHOP business grew at a steady clip in the first quarter but pawnbrokers expect slower growth ahead because of "the leaner times". In the first three months of this year, pawnshops gave
      509 words
    • Article, Illustration
      Lock icon Is anyone out there listening?
      50 2 [SINGAPORE) Workers at Asia Telecom 97 yesterday walking past a jumble of satellite dishes set up outside the exhibition halls at the World Trade Centre. The dishes are being used to demonstrate the various communications products and services being hawked at the show. ERIC CHU
      ERIC CHU  -  50 words
    • Article
      Asia's opportunities, challenges in Info Age
      507 2  -  Region well-placed to catch telecom wave, but more can be done By] Kenneth James ASIA-Pacific countries are well-placed to soar on a telecommunications tsunami sweeping the region but major challenges still need to be met, experts said at a major conference that ended yesterday.
      507 words
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  • REGION
    • Article
      Indonesia to merge six state banks into four
      481 3  -  JAKARTA Imistinqm competitiveness, financial puili—, says finact mister By\ S N Vasuki SIX of Indonesia's seven staleowned banks will be merged into four as part of a major merger exercise to improve their performance and competitive abilities. Analysts said that the proposed
      481 words
    • Article, Illustration
      Lock icon Out of Africa
      56 3 [PORT KLANG] A hetper reaching out to calm giraffes being loaded onto a trailer at Port Klang, Malaysia, on Thursday, after a 22-day sea journey. Sixteen giraffes aged between one and two arrivedfrom South Africa en route to zoos in Thailand. The animalsfaced a 30-hum trip by
      AFP  -  56 words
    • Article
      Lock icon Vietnam's flagship bank defaults on payments
      230 3 HANOI FT VIETNAM'S debt profetems have spread to its flagship bank, raising questions awer the country's ability to honour its financial commitments. The concerns come weeks before Hanoi is due to fanfiae an agreement with its commercial bank creditors on restructuring its arrears. Vietcombank,
      FT  -  230 words
    • Article
      Lock icon Zahid says he was misinterpreted
      322 3 KUALA LUMPUR Bernama UMNO Youth chief Ahmad Zahid Hamidi yesterday said his statement concerning an apology to Senior Minister Lee Yew had been misinterpreted by a Singaporean daily. He said he had, at a news conference in the Republic on Thursday, offered an apology to
      Bernama  -  322 words
    • Article
      US diplomats campaign against applying sanctions in Asean
      359 3  -  WASHINGTON Leon Hadar AMERICAN ambassadors to seven Asean countries have campaigned to counter efforts by local governments around the US to apply trade sanctions against countries in the region, including Indonesia. The initiative came during their fifth annual ambassadors tour which saw
      359 words
    • Article, Illustration
      Lock icon KLSE loses 2% after M$2b trade deficit announced
      377 3  -  KUALA LUMPUR Lupy imparts, stew exptrtstebUneftr patr April fignres By Meera Tharmaratnam THE Kuala Lumpur Composite Index fell as much as 2 per cent yesterday to 1,078.38, after Malaysia reported a larger than-expected trade deficit in April. "This is a market that's
      Source: Bloomberg  -  377 words
    • Article
      Lock icon Moody's puts Bangkok Metropolitan on review
      138 3 BANGKOK AFP MOODY'S said yesterday it had placed under review the ratings of Thailand's Bangkok Metropolitan Bank for a possi- j» ble downgrade amid concerns over profitability and capital levels. The possible downgrade would affect the bank's Baa 3 long-term bank deposit and senior
      AFP  -  138 words
    • Article
      Bank Negara wants quick disclosure of big trades
      313 3  -  KUALA LUMPUR By] Meera Tharmaratnam BANK Negara has been having separate meetings with individual bankers in the past couple of days as part of a broader psychological game to ward off currency speculators, banking sources said. Bank Negara told bankers yesterday it
      313 words
    • Article, Illustration
      Lock icon Consumption fuels Japan's strong GDP growth in Q1
      499 4 TOKYO But economists say new sales tax may prove a drag on growth in future Reuter JAPAN's economy grew strongly in the three months to the end of March as consumers rushed to buy goods ahead of an increase in the national
      Reuter; Source: Bloomberg  -  499 words
    • Article
      Lock icon NTT gets nod to enter international phone market
      327 4 TOKYO New law will also create Japan's first holding company Bloomberg NIPPON Telegraph Telephone Corp, the world's largest phone company, has received parliamentary approval to enter Japan's US$2.5 billion (553.56 billion) international telecommunications market. The legislation, which was passed as expected by
      Bloomberg  -  327 words
    • Article
      Lock icon China to remain engine of S-E Asia's growth: OECD
      358 4 PARIS Regional GDP growth to reach &2% this year, 8.4% next year AFX-Asia THE OECD said China will remain the engine for South-east Asian economic growth, with annual gross domestic product growth rates of 10 per cent in 1997 and 10.2
      AFX-Asia  -  358 words
    • Article, Illustration
      Lock icon HK must not become subversion base against China: Anson Chan
      450 4 HONGKONG Reuter HONGKONG'S top official, who stays on after Beijing takes control on July 1, yesterday urged the British-ruled territory not to become a base for subversion against China. In an article in a new book about Hongkong, Hello Goodbye,
      Reuter  -  450 words
    • Article
      Lock icon Gala may be chance for informal Beijing-Taipei talks
      184 4 TAIPEI Reuter TAIWAN'S media yesterday was abuzz with speculation that the ceremony marking Hongkong's return to China would create an opportunity for Taipei and Beijing to break a bitter 24-month political impasse. Several local media outlets reported that top negotiators from Taipei
      Reuter  -  184 words
    • Article, Illustration
      Lock icon Aussie brushwork
      89 4 [SYDNEY] A resident of a Bondi Beach backpacker's hostel on Thursday brushing his teeth in a bathroom whose doorway is framed by a graffiti-painted wall. The hostel rang local police looking for the best graffiti artist to work on their interior decorating job. As a lead-up to the
      REUTER  -  89 words
    • Article
      Lock icon DKB ousts chairman after two more arrests
      200 4 TOKYO FP DAI-Ichi Kangyo Bank Ltd (DKB) yesterday announced the resignation of chairman Tadashi Okuda and two advisers following the arrest of two more executives over a payoff scandal. Katsuyuki Sugita, presi-dent-designate of the major commercial bank, announced the resignation of the three
      FP  -  200 words
    • Article
      Lock icon Bangladesh zeroes in on agriculture in new budget
      222 4 DHAKA AFP BANGLADESH Finance Minister Shah AMS Kibria Thursday unveiled a 81.62 billion taka (552.68 billion) deficit budget for the fiscal year to June 30, 1998 with a major thrust on agriculture. The deficit, which was 74.83 billion taka last year would
      AFP  -  222 words
    • Article
      Lock icon Clinton asks business leaders to push for democracy in China
      344 4 WASHINGTON Bloomberg PRESIDENT Bill Clinton asked US business leaders to support efforts to push for democracy in China and come up with new ways to press Beijing to improve its human rights record. "I ask America's business community to join
      Bloomberg  -  344 words
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  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      458 4 THE WEATHER Singapore: Showers with thunder in the afternoon, mainly Northern, Eastern and Western Singapore. Temperature (33-25). Aafe-PMtto Hi/Lo* Cood. fin iin Hl/L•* (ML Aaata HVLo* Good. Auilanrt IT l» Sunny AMerdaa 21/11 Showers Buenos Aires 14,1)7 (Vwdv Ban*ut J7* Ctady Aim Sony 17/21 rtad > /w Shtmws 238. B.*nbay
      458 words
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  • THE WORLD
    • Article
      Lock icon US producer prices fall for fifth consecutive month
      467 5 WASHINGTON No sign of inflation as unsold goods pile up; Fed unlikely to raise rates at July meeting Bloomberg INFLATION remained in hiding in May as prices paid to US factories, farmers and other producers unexpectedly dropped for the fifth month in
      Bloomberg  -  467 words
    • Article, Illustration
      Lock icon Cutting edge Swiss expression
      64 5 [GENEVA] The Swiss army knife, the all-purpose implement favoured by presidents, polar explorers, astronauts and millions of ordinary people reluctant to carry a tool box around with them, turned 100 on Thursday. An unknown Swiss artist created this sculpture of sorts near Geneva to express that
      AFP  -  64 words
    • Article
      Lock icon Western chip makers urge vigilance on dumping
      138 5 ÜBRUSSELS AFP EUROPEAN and US manufacturers of semi-conductors yesterday urged their governments and the World Trade Organisation to maintain strong anti-dumping laws in the face of what they see as a threat from Asia. A joint statement issued here by the US Semiconductor
      AFP  -  138 words
    • Article
      Lock icon Chirac, Kohl try but fail to reach agreement on EMU pact
      313 5 POITIERS, France EU finance ministers meet again tomorrow ahead of summit Reuter THE leaders of France and Germany made progress but faUed to reach a final accord yesterday on European Union policy coordination for growth and jobs aimed at
      Reuter  -  313 words
    • Article
      Lock icon US takes first big step towards tax cut plan
      399 5 WASHINGTON House committee pmei tu pnirkaffi worth USsBsb Bloomberg THE US House tax-writing committee approved the most sweeping tax package in more than a decade on a strict partyline vote, taking the first major step in a congressional effort to pass
      Bloomberg  -  399 words
    • Article
      Lock icon EU, US seal product safety pact easing way for US$50b of trade
      345 5 BRUSSELS Bloomberg THE European Union said it concluded an accord with the US to accept product safety tests performed on either side of the Atlantic, removing impediments to more than US$4O billion (5556.8 billion) of trade. The "mutual
      Bloomberg  -  345 words
    • Article
      Lock icon Don't fudge single currency targets, Buba warns
      231 5 FRANKFURT AFP THE Bundesbank warned against artificial measures to meet single-currency targets this year, the day after the Organisation for Economic Cooperation and Development (OECD) forecast that the Italian public deficit was set to surge in 1998. Bundesbank President Hans Tietmeyer said that
      AFP  -  231 words
    • Article
      Lock icon Swiss banks to reveal more
      148 5 GENEVA Reuter THE head of the Swiss Bankers' Association said yesterday that details of some 20,000 bank accounts opened by Swiss citizens before 1945 would be published to help the hunt for the wealth of Jews murdered by Hitler. Georg Krayer said account holders' names
      Reuter  -  148 words
    • WORLD Watch
      • Article
        Lock icon Workers' rights under attack
        36 5 Reuter {GENEVA] The world's largest labour group said workers' rights were under assault worldwide. The International Confederation of Free Trade Unions pointed to China and Indonesia as among the worst offenders. Reuter
        Reuter  -  36 words
      • Article, Illustration
        Lock icon This way, Mr Blair
        52 5 AFP [AMSTERDAM] Employees of Dutch Madame Tussaud escorting the wax figure of British Premier Tony Blair on Thursday. The wax Mr Blair arrived here from London along with images of other European leaders and can be seen during the upcoming EU summit at Madame Tussaud's in
        AFP  -  52 words
      • Article
        Lock icon Revaluation bad for Buba
        50 5 Reuter [WIESBADEN] Bundesbank's Ernst Welteke said the row over revaluing official reserves could have hurt the bank's long term standing. He said talk of changing Bundesbank law to force a payout from reserve revaluations was like a central bank making a loan to the state. Renter
        Reuter  -  50 words
      • Article
        Lock icon Yeltsin blasted over bill veto
        61 5 AFP [MOSCOW] The Russian lower house blasted President Boris Yeltsin yesterday and warned it could go to the Constitutional Court over his refusal to sign a bill declaring looted World War II art Russian property. Mr Yeltsin vetoed the bill, only to have his veto
        AFP  -  61 words
      • Article
        Lock icon Netanyahu faces new revolt
        42 5 AFP [JERUSALEM] Prime Minister Benjamin Netanyahu faced a new revolt by members of his Coalition yesterday amid an investigation into payoffs by a suspected Russian mobster. Industry and Trade Minister Nathan Sharansky boycotted yesterday's weekly cabinet session. —AFP
        AFP  -  42 words
    • Article
      Lock icon US bill seeks privatisation of Intelsat and Inmarsat
      162 5 WASHINGTON Bloomberg INTELSAT and Inmarsat, two international, governmentbacked satellite organisations, will be sold to private interests under legislation introduced on Thursday in the House of Representatives. The bill sponsored by Thomas Bliley, a Virginia Republican and chairman of the House Commerce Committee,
      Bloomberg  -  162 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      101 5 if} WITH A DIFFERENCE We octuaiy measured our rooms Q and discovered that ours probably one of the most spacious you'l get at lo make it an even better offer, we compliment itwith: Welcome Drink Caflee/Jea making foafities qC 24 Hours ntaust video 9 Newspaper Swimming Pool usoge Subject to
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  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      30 5 POOMESBUBY By Garry Trudeau ...AHPSH£ I I I CANTBVBN /jjabngd U/£'PHUPH£R I HOTBXACJI/ROUJN&H AAAVC*/.*; AfKfPio m/ecurm Hcur— icuknqhj, J&Zmtrl bucks ouseu/esNMum hakes umnwW S*o»m«w ■■ear a nou Business #€> I *»A
      30 words
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  • FOCUS:PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        656 6 Those polled for their views on the Singapore stockmarket outlook next week were: Alliance Securities, Daiwa Securities, Deutsche-Morgan Grenfell, Fraser-AMMB Securities, GK Goh, ING Barings, Merrill Lynch, Phillip Securities, WI Carr. OP Batteries International ♦Buy DBS Investment Research, June 13, $4.64 (for the shares), $1.57 (warrants) GP
        656 words
      • Article, Illustration
        In My Opinion
        380 6  -  By Ng Hwee Jan Senior analyst BZW Pacific Union uri OR a small, open H economy like SingaX pore, exchange rate stability is the key to a fine balance: fostering economic growth in a non-inflationary environment while ensuring export competitiveness. While the stability of the Singapore dollar
        380 words
    • Article, Illustration
      There's value in call warrants
      1194 6  -  Covered warrants are a variation on the warrant theme and an important addition to the local stockmarket Ky R Sivanithy At first glance, a call is essentially no different from a company-issued warrant. The only apparent difference is the life span of the option because
      1,194 words
    • Article, Illustration
      Lock icon Bourse turns wary after the frenzy
      789 6  -  BYE ON THE REGION: HONGKONG From< Quak Hiang Whai in Hongkong THE Hongkong bourse is going through a necessary consolidation after the recent rally which saw the Hang Seng Index and daily turnover breaching 15,000 points and HK$26 billion (Ss4.B billion) respectively. Profit-taking and
      FILE PHOTO  -  789 words
    • Article
      Unit trust performance ranking
      666 6 Next pubiic&tioo dale: July 12,1997 to—fc I—a >■»■ lyr Iw »>ri u > tMtti 8yr sa? 138 i 3! si »S ifl WMiM"" B< i S b H 1 2 3 I tsfi iSA'SSSyw jjffi® in .5t£ S8 $8 U »aa 1:5! 5 iS '5 85
      666 words
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  • COMPANIES & MARKETS
    • Article
      F&N interim slides 18% to $84m as soft drink operations take a hit
      637 7  -  But results still pat it slightly ahead of market forecasts; profit up 14% at APB By\ R Sivanithy [SlNGAPOßE] Local beverage company Fraser Neave (F&N) yesterday reported an 18 per cent drop in earnings to $83.5 million
      637 words
    • Article
      Centrepoint Prop profit drops 34% in line with forecasts
      247 7  -  By, Annette Pau [SINGAPORE] Centrepoint Properties Ltd (CPL) yesterday turned in dismal half-year ro&ults for the period ended March, reporting a 34.3 per cent drop in net earnings to $41 million from $62.5 million previously. The drop, however, was anticipated by
      247 words
    • Article
      Sunright starts $4m HK chip-services plant
      160 7 [SINGAPORE] Semiconductor services provider Sunright Ltd has invested $4 million in a Hongkong facility as part of its regional expansion plan. The company said yesterday that the facility in Kwai Chung, which has begun operations, occupies a 14,000 sq ft production area and provides
      160 words
    • Article
      Can anything breathe life into the options market?
      649 7  -  HOCK LOCK SIEW R Sivanithy BACK in 1977, options trading was launched here amid high hopes. The launch came barely four years after formal options trading started for the first time ever in Chicago, which has since gone from strength to strength
      649 words
    • Article
      Small investors get bulk of Australand IPO
      138 7 [SINGAPORE] Small investors will receive the bulk of Australand Holdings' Singapore public offer of 5.8 million shares. Balloting was held yesterday. Some 49 per cent of the shares offered will go to investors who applied for one lot, or 1,000 shares. Those who
      138 words
    • Article, Illustration
      Acma keen on extending Delifrance chain across Russia
      353 7  -  By i Clarissa Tan ACMA plans to open a chain of Delifrance outlets across Russia after packing in the crowds at its first outlet in that country. In addition to the food business, the telecommunications and engineering group has also diversified into
      353 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon China securities watchdog chief replaced to rein in markets
        585 8 But stocks closed sharply higier yesterday despite recent moves to cool surging markets Reuter [BEIJING] China confirmed yesterday that it had replaced the chief of its top stock market watchdog amid a series of tough measures aimed at curbing improper trading.
        Reuter; AFP  -  585 words
      • Article
        Lock icon Ekran forecasts 45% rise in after-tax profit for year
        303 8 Bernama [KUALA LUMPUR] Ekran Bhd, whose rights issue was significantly undersubscribed in a recent corporate exercise, has forecast a consolidated profit after tax and minority interests of M 5186.32 million (5J105.8 million) in the financed year ending June 30. This would
        Bernama  -  303 words
      • Article
        Lock icon China Telecom (HK) to list in HK: report
        190 8 AFP [BEIJING] China Telecom, an offshoot of the Posts and Telecommunications Ministry, is to float its Hongkong branch on the Hongkong Stock Exchange, Xinhua reported yesterday. The listing may make the enterprise the biggest red chip stock on the Hongkong bourse and
        AFP  -  190 words
      • Article
        Lock icon Metro Pacific denies talk Fort Bonifacio deal is off
        442 8 Smart IPO may go ahead this year if market stabilises Bloomberg [MANILA] Metro Pacific Corp said there was no truth to speculation that the sale of one-third of Fort Bonifacio, a satellite city it's building with the government and other companies,
        Bloomberg  -  442 words
      • Article
        Lock icon Suria Capital sees rosy prospects ahead with expansion plans
        236 8 Bernama [KUALA LUMPUR] Suria Capital Holdings, the company linked to a possible merger with MBf Capital, is poised to enjoy very encouraging prospects for 1997 given its expansion plans and continued robust growth of national and Asean economies. "We expect further
        Bernama  -  236 words
      • Article, Illustration
        Lock icon Drumming up a protest
        56 8 [SEOUL) South Korean auto workers and union members hitting drums during a demonstration in central Seoul yesterday to protest the Samsung Group's entry into the industry. Samsung has been the focus of intense criticism since an internal report suggesting the country's ailing car industry needed restructuring
        REUTER  -  56 words
      • Article
        Keppel to focus on Asean in its regional investment
        392 8  -  Returns are faster than from China, Myanmar projects By* Conrad Raj [SINGAPORE] Keppel Corpo ration is refocusing its regional investment strategy to concentrate more on Asean countries to generate shorter term returns, apparently after bitter lessons from its investments in other
        392 words
      • Article
        Sime Darby to buy Somprasong Land's stake in Bangkok flats
        463 8  -  Rival buyer Scotts Holdings seems to be onto! the running From Harish Mehta in Bangkok DEBT-LADEN Thai property firm Somprasong Land has reached in-principle agreement to sell its stake in an upmarket Bangkok service apartment building to Malaysia's Sime Darby
        463 words
      • Article
        Lock icon HK to start red chip index from Monday
        242 8 FT [HONGKONG! Red chips, the Chinese mainland-backed companies that have attracted a large investor following in the final months of British rule in Hongkong, will be tracked by their own index from Monday. The move comes as the chips, which now make
        FT  -  242 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Intel tipped to slash Pentium chip prices
        277 9 AFX-Asia [NEW YORK] Intel Corp is set to announce in August deeper-than-expected price cuts on its Pentium and Pentium-with-MMX-technology microprocessor products. Weekly technology industry newsletter Computer Retail Weekly said Intel's next pricing round, expected to be detailed on Aug 1, will include sharper
        AFX-Asia  -  277 words
      • Article
        Lock icon Thyssen to buy US machine tool maker
        346 9 German steel giant to payUSs67smfbr Giddings Lewis Reuter [CHICAGO] A battle for control of the largest US maker of machine tools, Giddings Lewis, drew near an end Thursday when the company agreed to be acquired by German steel and engineering giant Thyssen AG
        Reuter  -  346 words
      • Article
        Lock icon Mutual funds fuelling Wall St rise
        508 9 foreign hnlHinffl of American equities are at their highest level since 1990 NYT [NEW YORK] Six-and-a-half years into a record-breaking bull market, American investors have crossed a threshold, committing more than half of their mutual-fund assets to stocks, double the level at the beginning
        NYT  -  508 words
      • Article, Illustration
        Lock icon Designer's debut a material success
        80 9 [NEW YORK] Fashion designer Ralph Lauren (centre) with New York Stock Exchange president Richard Grasso (left) before ringing the opening bell for the start of trading on Thursday. Lauren —famous for his "preppie look clothes —and wife Ricky (right) were therefor the listing of his
        AFP  -  80 words
      • Article
        Lock icon GM in biggest Sino-US joint venture
        227 9 AFP [SHANGHAI] US car giant General Motors (GM) and its Shanghai partner have joined hands in a US$l.57 billion (552.2 billion) vehicle manufacturing project that was hailed yesterday as the largest Sino-US joint venture ever. GM and the Shanghai Automotive Industry Corp (SAIC) formally
        AFP  -  227 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        609 9 Vassal Voy No Btrtk Arrival Dapartur* Jn|M AUct S JOS *M*lMt M.06/2300 KS M JM Musidt 13.06/1700 Op* <10 J* MtHk M.06/1500 Ma M* *357 Jtl Konqsid* 13.06/2000 M taaoni *****7 JOI Honqsidc 13.06/1200 Rfar Wi *****7 J01 lM«Sidl 13.06/1300 R HO Mri *****7 J01 iMfSid* 13.06/1300 R
        609 words
      • Article
        CONTAINER SCHEDULES
        1715 9 RECEIVING OF EXPORT Fa CONTAINERS ANO LCL CARGO OooUnq/Dilinci Rstls SMp Voy Mo Ett/Btf Nriod f row To Fwm la UtB OH* WO700 U 13/1500 QMS* U/WOO a umoo M/otM m/oooo i M/oroo m/rm m/moo 4 M/1200 M/MM M/1700 5TSS nS WW u umoo u/jw o/ma ZA I
        1,715 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon HK arm of Everbright to buy into China Bank
        411 10 China okays transfer of 20% stake from Bering-based parent to the HK side Bloomberg [HONGKONG] China Ever-bright-IHD Pacific Ltd, a Chi-na-backed investment company, said its Hongkong parent has won Beijing's approval to acquire one-fifth of one of China's most profitable banks.
        Bloomberg  -  411 words
      • Article
        Lock icon MBf to take 60% stake in Manila bank
        119 10 Reuter [KUALA LUMPUR] Malaysia's MBf Holdings Bhd said yesterday it has agreed to buy 60 per cent of Philippines' Prime Savings Bank (PSB). The financial services and property group said the subscription price wiU be 465 million pesos (5525.1 minion). PSB is
        Reuter  -  119 words
      • Article, Illustration
        Lock icon Greenback to see short-term upmove
        452 10 USS/m&rk: As expected, the US$/mark traded lower to 1.7030 on Monday before recovering to touch a high of 1.7303 by Thursday. It was trading around 1.73 yesterday morning. Short-term indicators have turned, favouring further upmove in the near-term. Resistance is seen at 1.7420 and a
        Source: DBS Bank; ALLAN  -  452 words
      • Article
        Lock icon Philippines to hold second bidding for US bond sale
        329 10 Size cat to USs7som after failure of first bidding 2 months ago Bloomberg [MANILA] The Philippines cut the size of a planned US bond sale to US$75O million (551.07 billion) from US$l.25 billion, two months after Salomon Brothers Inc tried and
        Bloomberg  -  329 words
      • Article
        Lock icon LME reforms on course a year after Sumitomo scandal
        292 10 Reuter [LONDON] One year after the multi-biUion Sumitomo Corp scandal erupted, the London Metal Exchange (LME) is weU into the process of instituting reforms. "To-date, we are about halfway through this implementation process," LME chief executive David King said. In June
        Reuter  -  292 words
      • Article
        Lock icon Euroyen, JGBs bounce back
        237 10 SSMELReport Reuter [SINGAPORE) Simex Euroyen and Japanese government bond (JGB) futures bounced back from lows yesterday as players covered positions ahead of the weekend after the release of stronger than expected data spurred sales earlier, dealers said. "There was some buying out of London. I think
        Reuter  -  237 words
      • Article
        Futures post modest gains on average trade
        169 10  -  MSCI TAIWAN FUTURES By Ric Trotta By Ric Trotta, Floor Manager, Refco Singapore Pie Ltd (SINGAPORE] The Simex MSCI Taiwan Index futures posted modest gains on average volume yesterday. The June contract finished up 0.4 points at 354. The cash index, meanwhile, posted
        169 words
      • Article
        Lock icon Opec wants to avoid making waves
        241 10 ENERGY REPORT Reuter [LONDON] Opec ministers meeting in 10 days' time will want to avoid sending any unexpected waves over the bows of vulnerable world oil markets, Opec delegates said yesterday. But the recent slump in world crude prices is likely to put some
        Reuter  -  241 words
      • Article
        Lock icon CURRENCY REPORT
        293 10 Reuter AFP THE US dollar took a breather after a week of wild swings and traders are now looking for a fresh cue from the EU summit starting on Monday and G-7 meeting later in the week. US-Japan relations came under the spotlight this week as traders drove
        Reuter; AFP  -  293 words
      • Article, Illustration
        Untitled
        949 10 PfTERBAint CROSS RATES J™ JStnS 10*1 4T70 0467 4307 1301 S426 26.955 OJ72 0400 MW> <491 1^304#IMP tiff3Q0j 1Q424 g** *5?$ SSr aw 6.012 QJ* lao i»o 254* ff.*s aw "*£fc ££*2*'" jg J». JgJ "grt* ST 15W 1561 9.305 S5 33 It* 1290 100* 2J36 U3S 45.6*7 29.775 IMO
        949 words
    • Article
      COMMODITY PRICES
      1708 11 nCOMPOTOBBS Juni3 RUMCR (Mm do** at UOpa) RSSt CONTRACTS cMts/kQ) CtoM Votemo Oroo Mwtfc W# Low Sott (to—ts) tetomt jSmtF 159.50 woo AM 97 161.25 1770 S97 162.25 1820 Ort/Doc 97 163.25 3150 JWMV90 165.75 7425 Apr/Jwn 9i 166.25 H025 RSS 3 CONTRACT (US ctnfe/kq) Vokm <*00 Month
      1,708 words
    • Article
      WORLD STOCK MARKETS
      2308 11 lommm MwtfWs Jaatl hut *h 31 Group I 527 5.600 AB Ports 257 1.600 Abbey National 893 .600 MM Domocq 423 -4.400 AIMC 141 -.400 Asia Group 124 -.200 BAT lod 594 -2 BG Pic 215 -3 BICC 178.400 6 BOC Group 1081 15 BR Petroleum 756
      2,308 words
    • Article
      Lock icon TOKYO
      1638 11 Reuter n Nikkei 225 -36J1 STOCKS ended marginally lower yesterday, as morning gains on the June futures and options settlement which lifted the benchmark to a new high for calendar 1997, melted after profit-tak-ing ahead of the weekend, brokers said. The 225-share Nikkei Average lost 36.11 points at 20,528.35.
      Reuter  -  1,638 words
    • Article, Illustration
      Lock icon HONGKONG
      1585 12 AFP Q Hang Seng +188.21 SHARE prices rose 1.4 per cent on bargain hunting yesterday after a record-breaking performance by Wall Street. "The rebound is mainly from bargain hunting," said one dealer. The key Hang Seng Index gained 188.21 points to finish at 14,112.55. Turnover amounted to HK$l5.4 billion,
      AFP  -  1,585 words
    • Article, Illustration
      Lock icon CHINA
      658 12 Bloomberg nStoatoißMii *KB CHINA stocks rallied yesterday, amid hopes that a government crackdown 6n stock manipulation had peaked on Thursday and that officials in Beijing would not take further steps to rein in stocks. Regulators on Thursday fined six banks and brokerages and sacked six executives for their involvement
      Bloomberg; Source: Credit Lyonnsis Securities(Asia) Ltd  -  658 words
    • Article
      Lock icon TAIPEI
      346 12 AFP QWPbfax +65.74 SHARE prices finished 0.7 per cent higher yesterday as investors pursued paper issues following an increase in overseas pulp prices. •The gain was mainly driven by buying of paper counters, despite yesterday's sell-offs by institutional investors," said a trader. The TSE Weighted Price Index gained 55.74
      AFP  -  346 words
    • Article
      Lock icon WELLINGTON
      273 12 Bloomberg □Wellington -14.71 SHARE prices fell yesterday, led by Telecom amid perceptions its recent rally has taken the price beyond fair value. The NZSE Top 40 Share Index fell 14.79 points to close at 2,366.29. Bloomberg jwu «a mn AN2 Banking 10.50 0.60 ***** Advant HMqi 1.21 -0.11 *****
      Bloomberg  -  273 words
    • Article, Illustration
      Lock icon BANGKOK
      811 12 AFP n SET Ma -4J» SHARE prices fell 0.7 per cent to an eight-year low yesterday on concerns over the release of non-performing loan levels by banks and finance companies due in second quarter reports, analysts said. The SET Index lost 4.16 points to 515.60. Turnover was 142.6 million
      AFP  -  811 words
    • Article
      Lock icon SEOUL
      405 12 AFP Q(JnpOßt6 ludfll ♦14.41 SHARE prices jumped 1.9 per cent yesterday, buoyed by institutional buying of indexlinked stocks on expectations of a liquidity-driven rally. The Composite Index rose 14.49 points 789.15. Turnover was 83.6 million shares worth 1.13 trillion won. Falls beat rises 458 to 364, with 83 shares
      AFP  -  405 words
    • Article
      Lock icon SYDNEY
      580 12 AFP HABOrflMriw +17.2 STOCKS rose 0.7 per cent yesterday to their second consecutive record close, buoyed by highs on Wall Street. The All Ordinaries Index finished 17.2 points up at 2,655.3. Turnover was 502.44 million shares worth M 51.15 billion. BHP gained 19 cents to A 518.89. Rio Tinto,
      AFP  -  580 words
    • Article, Illustration
      Lock icon JAKARTA
      782 12 AFP PI Composite Index +3.40 STOCKS closed higher yesterday as some foreign investors completed buying programs in a directionless market. "We're still seeing a mixed view, with no clear direction from foreigners," a dealer said. "During the last four days, they were looking more to the US and Europe."
      AFP  -  782 words
    • Article
      Lock icon MANILA
      255 12 AFP O Manila *IXB7 SHARE prices closed higher yesterday as investors searched for bargain-priced issues, brokers said. The PSE Composite Index rose 13.87 points to 2,801.61. Turnover was 3.1 billion shares worth 1.7 billion pesos. PLDT rose 20 pesos to 825, the Philippine National Bank climbed five pesos to
      AFP  -  255 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8061 13 ntOUSTftULS CwuMf protects 1997 Last VcH Day Net Cap L— W. ■OOC HH> Low PH 790 560 Alinomoto 400 33.2 243.2 448 293 Angkasa 314 -4 23 3V« 314 9.3 463.0 905 610 Apollo Food Htg 700 280.0 428 189 Beriava I rid 260 -2 6138 266 256 1332.7 765
        8,061 words
      • Article, Illustration
        Lock icon Shares slump on release of trade data
        512 13 AFX-Asia D| Composite Index -2103 SHARE prices closed sharply lower with investor confidence shaken after a sizeable April trade deficit was released yesterday, dealers said. They said that in an already weak market, news about the sizeable deficit led to an increase in
        AFX-Asia  -  512 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        2865 14 Laat v«t Day LaX Onto *1 HN» u. St- <*-•-* roow if" M 44.51* 3000 mAM08c53******4 54 47 415 3*0 Actr W0KJ731 US$ 54 -15 a 75 75 743 74 131 74.5 3*4 Acma W0I0724 -Ti -t 3 74 S 53 24 3141 MTack«OI0eO7 144 HI 3001 Amcot W*****5 443
        2,865 words
      • Article
        Electronic Resources wrt: neutral stance still applies for now
        181 14  -  WARRANT WATCH -By\ R Sivanithy THERE seems to be some confusion over the exercise price of the Electronic Resources 2001 warrant, now that the company has completed a rights issue. The extra warrants ought to have lowered the exercise price of
        181 words
    • Article
      CLOB INTERNATIONAL
      1405 14 «t Cr i_, M om MM Ik W W MC« MjJ \jm S— J L *h fOOOl W» U» 8"f Mw Cm Mi 478 298 mi 5000 MSBSOe 304 Mdi 49 304 302 302 30* SO *J 03 *2.9 )U OT mliS? A*0850c 90 -05 9*915 90 90
      1,405 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1322 15 TUMOVCt COOO) VALWrOOO) IMte Cm Tf» CUt T«m ass- iS esse 8g ts? "23 a «s USOAQ 7335 ii*iy TOTAL S3S5S 5 I *S» EST J 3 1 oil J 4 «522rti« 5 5 5*7 *5 A p252£L ooo 4 s 0 i 2 I j 5 a a* a?
        1,322 words
      • Article
        MAIN BOARD
        3268 15 Transaction Date -Jim 13| Or 6* M Wt Val Da, Lnt Quota M« Mv VM NM Cao StNo Campany *2 V" -?SL_ —u»Timi 5U6 ASENTSK3200 US- III I MS "III Mi MS MS 12" ASFUSIClOO USM5 190 w2 5.0K 4.9 0.9 14.0 *73 203 t55 '258 Ac*r 50c
        3,268 words
      • Article
        SESPAQ
        994 15 Or Or M Wt mot Last Vtf Day Last Oust* H> Oh W Ml Cap A** t— tMH C—>T Mi fOOW U» *W W* C*w Wl M Wt 186 99.5 2000 ASftHMasSc 100 cd unch 65 101 100 100 101 10 U U 142.9 44.5 102 210 144 I
        994 words
      • Article
        Untitled
        230 16 Stocks V<<— Huan HsinUS20c 6.438,000 Uraco HMqsIOc 5.107.000 HK Land USTOc 5,098,000 DBS Land 3,683.000 FHTK HWqs 20c 3,410,000 •Westmoot Land 3.221.000 Tye Soon »c 2.753,000 •Renong BM 50c 2,706,000 Raffles MedKk 2.578.000 •Renong WtOO 2.567.000 I Stocks 5 DBS Land 17,026,558 HK Land USIOc 13.252.670 5 KeppeiCorp 12,621,929 tp&N
        230 words
      • Article, Illustration
        Spirits at low ebb as STII hits two-year low
        705 16  -  stock MAMarr COMMENTARY But the overall advance-decline score of 147-167 suggests that a few investors are doing some selective accumulation By R Sivanithy [SINGAPORE] Spirits, together with volume and prices, continued to be depressed in the local equity market yesterday, with
        705 words
      • Article, Illustration
        HOT STOCK
        53 16  -  ■p- Shiv Taneja A PRICE trend reversal upwards is underway for Tye Soon, which chsed three cents hi£h& yesterday at fQ.475 an a volume of 2.75 milUdi units. Based on the daily RSI and Stochastkmf as well as the daily MACD chart, there is mom upside in the
        53 words
      • ON THE GRAPEVINE
        • Article
          Live-wire Tans
          124 16 WHATs with the Tans of Singapore? They're either trying to corner the electronics market on the island or there must be something in the groundwater in the home province from which the family clan originally hailed. There's Jeremy Tan of Credit Lyonnais, Eddie Tan of Vickers Ballas, Bernard
          124 words
        • Article
          Waiting for Round Three
          113 16 REAL estate agents seem to have been really spooked by the two recent rounds of Housing and Development Board measures which have added to the gloom in the property market that started with last May's property curbs. When a reporter rang a real estate agent yesterday,
          113 words
        • Article
          Par for the course
          70 16 PPM Worldwide (the new name for global ftind managers Prudential Portfolio Managers) recently sent out golf towels as corporate gifts to commemorate the name change and new logo. One hopes the towels are only needed on the golf course to wipe off the sweat caused by
          70 words
        • Article
          Media-mania in HK
          95 16 NOTHING is being left to chance for the Big Event in Hongkong at the end of this month. Certainly not for the hordes of media people some B,ooojournalists have been registered to cover the return. For the local media groups, their ranks are said to have been
          95 words
        • Article
          A deluge of goodies
          86 16 SOMETIMES when you have too many gifts, storage can be a problem. What more when if s to commemorate a historic occasion like the return of Hongkong to China. A deluge of presents from Chinese provinces is beginning to pour in for the Special Administrative Region
          86 words
        • Article
          Gold by the tonne
          94 16 NOBODY loves a good party more than a gold dealer. Make that three parties. In line with festive tradition, first quarter gold sales in South-east Asia set a new record this year of 156.8 tonnes—29 percent upon the last record set in Ql, 1996. Heavy gold
          94 words
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      151 7 Pamper your father to STAMFORD SALON the salon that offcn a ooMtop grooming for -i-nir*™" 1 ThwlwiHitpwfciMJAefcadMi— services including haircuts and Xyk, colour, perm, hair warring, ear ikaning, beard trimnfcig and the moat advanced technology for hair and nip care enure you are never ored Gmtaiitog mi Iwi are awhUt.
      151 words
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      85 8 Become the exclusive distributor for the PHOTO-ME INTL PLC new vending STICKER PLAYER BOOTH Started in Japan 18 months ago where 15.000 units are already on site this is a soaring market aiming at young people and teenagers who spread the sticker-mania »the world over No previous experience necessary Full
      85 words
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      29 12 SFor real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. fir Stock numbers are available in the stock pages of The Business Times and Lianhe zaobao.
      29 words
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      153 14 W. WIZ comes to VOU IS AvaiabieatAinconics. AjewT 0 rj mph. Times The Bookshop. J Ona yaar(l2 issues) at $64 Owg» to my card Visa Aroex Master Diners y EVERY MONTHKinokumya, Cha*enger Half a year (6 issues) at $30 (plaaw cfcda to mdfcate) 1 x ....gives you a fV oc-xm#.
      153 words
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      41 15 MAK fc IFFERENCE I Soto Agent: 391 A Orchard Road Ngee Ann City #17-06 Singapore *****3 V Available at: DICKSON WATCH St JEWELLERY: The Promenade. Centrepoint. Suntec City. HERMES BOUTIQUE: Liat Tower. Daimaru. Takashimaya Also available at all leading authorised dealers
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      Page 15 Advertisements Column 2
      8 15 Home Decor For people who love their homes
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      330 16 VBBBKBB&Notices m TTIF mm rm IT OF THF »CT1»I IC OF SINGAPORE Companies Winding Up No 108 of 1997 In the Mailer of Companies Act (Chapter 50) 1994 Revised Ed And In the Mailer of C ft Y TRADING PTE LTD (RC No. *****0958 C) tana at amnmfi ia In
      330 words
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      Page 16 Advertisements Column 2
      240 16 To advertise call toll-free 1800-741 1883 Quickstock A 24-hr service which provides joa real-time stack info and a Portfolio Manager to help keep track of jour stocks 1 Portfolio Manager |l-» Q.ukS,,«t. Ponton Uvw perfonmaiie. a (Please tick the appropriate botes) Om,,n„ e the Subscription Period. mciude gsti net /mtfitAoss
      240 words
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      Page 16 Advertisements Column 3
      80 16 r 1 t«» .<h Rising Occasion fiw. i:.- »*>.. lit openings anniversaries ISO certification JHHMpfr ceremonies Jt >1H mfQh?* fSF? *5? •h. *i f -"J These and other corporate milestones present perfect opportunities to enhance your corporate image with a self-funding special feature in our newspapers. For more information on
      80 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Wary HK collectors ship out art
      1381 17  -  Singapore's Asian Civilisations Museum is among the beneficiaries of the exodus, jaimb hb reports JAIMEE EE THE Ko family. Victor Shaw. S Y Yip. Simon Kwan. S CHu. Kai Yin Lo. It'sthekindof roll-call you would expect at an upper crust country club or a
      REUTER  -  1,381 words
    • STRAWS In The Wind
      • Article
        Brain dead
        114 17 SHOWDOWN at the new Kandang Kerbau Hospital? The new women's hospital is so high-tech, it has "smart" food trolleys that basically operate by themselves, carrying meals to patients' rooms. The trolleys are so well programmed that if you happen to be in their way, an electronic voice will
        114 words
      • Article
        Time lapse
        66 17 ONE furniture retailer has been turning heads recently and it's not because of some raunchy window display. Rather, shoppers have been wondering about the Santa Clauses and Christmas trees in the shop windows of Pennsylvania House, which specialises in Shaker-style furniture. Just a marketing gimmick no doubt, but
        66 words
      • Article
        Your slip's showing
        46 17 FREUDIAN slip? The press release said: "Hard-edged luxury. Sick, urban, twisted chic ..Sick? The hard sell copy from a luxury retailer here must have meant to say "slick", but considering the way fashion tends to go, maybe they were right the first time.
        46 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon The human money-multiplier
        2196 18  -  Legendary fund manager Peter Lynch, who will be in town next week, talks to vikram khahma about the difference between investing and gambling aK THE RAFFLES VIKRAM KHANNA IF YOU had put US$l,OOO (551,400) in the Fidelity Magellan Fund when Petef Lynch started managing it in 1977,
        SETH RESNICK  -  2,196 words
      • Article
        The markets have boosted the US economy
        952 18 f DON'T know whether the H| next 2,000-point H movement in the Dow will be up or down," says Peter Lynch. "But I believe 10 and 20 years from now, corporate profits in the US will be substantially higher than they are today."
        952 words
    • PURSUITS
      • Article, Illustration
        Treasures from the Vatican
        670 19  -  For the first time, the Papal Treasury has allowed part of its collection to go on public display, coram khrk highlights the more magnificent pieces CORINNE KERK ROYAL families have their crown jewels, the rich and famous have their expensive baubles. But did you know that
        670 words
      • Article, Illustration
        Flying in the face of convention
        938 19  -  Jennifer Murray is making history in a helicopter By\ Ben Munroe TWO khaki-clad figures, windswept and sun-tanned, sprang into the room, greeted the assembled press and started fielding questions and cracking jokes like seasoned pros. British grandmother Jennifer Murray was giving details of her
        938 words
    • Article, Illustration
      Lock icon Where wine drinkers go to watch people
      372 20  -  NIGHTSPOT By. A Surendren PARISIAN sidewalk cafes have a special charm about them that combination of alfresco dining, coffee-sipping and peoplewatching can be addictive. Translate that concept to Singapore and what you get, besides uncooperative weather, is a contrived effect. But people love
      SIEW YAW HOONG  -  372 words
    • Article, Illustration
      There goes another plane
      803 20  -  CINEMA Con Air is a run-of-the-mill adrenaline-pumping action flick saved by a handful of strong performances and some well-crafted one-liners By\ Ben Munroe CON AIR, the latest offering from Jerry Bruckheimer, the producer who gave us Top Gun, Days of Thunder and The Rock, will appeal
      803 words
    • Article, Illustration
      Stranded by a lack of imagination
      584 21  -  CINEMA Ry\ Susan Tsang THE first scene of Robinson Crusoe gives the viewer cause for concern it is a conversation between author Daniel Defoe and his publisher, who is showing him the journals of one Robinson Crusoe so that he can write them up
      584 words
    • Article, Illustration
      WHAT'S ON
      416 21  -  Compiled by M Yasotha TALK The Cascading Vision Organised by the Marketing Institute of Singapore, the talk deals with developing a corporate philosophy that identifies the vision, mission and values of an organisation. It covers topics like how to communicate the new vision and how to generate commitment
      416 words
    • EPICURE
      • Article, Illustration
        Harking back to an earlier decade
        652 22  -  The menu at Sheraton Towers' Terraza seems to be locked into the past, says una hb JAIME EE ONE way to find out how much cooking styles, attitudes and Singaporean diners' tastes have changed in the past five years istogotoa restaurant that serves the
        652 words
      • Article, Illustration
        Season of white asparagus and rare Lapland fare
        550 22  -  RESTAURANTS TkeOnnulHital pajikMUfßtithe vegetable, the Hyatt InNTitheialMi By, Jaime Ee THEY say that during the Middle Ages, asparagus was eaten for its blood-cleansing properties. The monks discovered this and hailed it as a vegetable that warranted some respect. Today, no one really
        550 words
      • Article
        Making champagne of distinction
        813 22  -  WINE CONNOISSEUR Kntfa acttavaamta have baa* recagnised by tka Satiety af Btffhllff Lmmrim By N K Yong THE invitation by Henri and Remy Krug to a vertical tatting of their champagnes at their celters in Reims, followed by dinner, was too compelling to refine. It was
        813 words
    • Article, Illustration
      CINEMA
      1112 23 Absolute Power. Clint Eastwood is a master thief who witnesses a bizarre murder and becomes a scapegoat when the killer goes on the warpath. Hougang: 3; 5.15; 9.15. Jubilee: 1; 7.05. Yishun: 2.30pm. Addicted To Lore. Jilted by their respective lovers. Meg Ryan and Matthew Broderick join forces to
      1,112 words
    • TRAVEL
      • Article, Illustration
        Lock icon Where you can shop till you drop
        1470 24  -  wmi bb goes to Melbourne on a special mission—to buy what no one at home has bought before JAIME EE The writer was a guest of the Australian Tourist Commission Going to Melbourne? Bring a jacket, they say. Hang on, bring an umbrella
        TOURISM VICRIA  -  1,470 words
      • Article, Illustration
        Rolling out the red carpet for Asians
        719 24 IT'S GREAT to be Asian and in Melbourne. Well, not Melbourne per se but rather that mega playground for the rich or those with a lot of loose change the newly opened Crown Entertainment complex. Thanks to the reputation of Asian high-rollers, the
        719 words
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      6 17 Raffles Conversation Peter Lynch EL 2
      6 words
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      Page 17 Advertisements Column 2
      117 17 Travel Melbourne calling all EL 8 •aorrrj?*' Many are called... but 50 are chosen. The 1997 Enterprise 50 nominations are now open. Companies can nominate themselves by completing the official nomination form. Companies must be home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 Revised Edition) with four years of
      117 words
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      40 20 sh?P Business 'jt--Giving you the winning edge v V:*W J V "<& 4. vFeeling 0 of out of your depth o O O© when it comes to aquarium care? Keep afloat with Aquariums, every Saturday in The Straits Times Classified, [cats
      40 words
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      Page 20 Advertisements Column 2
      33 20 SINGAPORE'S MOST INSPIRING HOMES 143 PAGES OF WONDERFUL ROOMS AND IDEAS >j^l A GREAT BOOK FOR YOURSELF. FAMILY OR FRIENDS GET IT AT TIMES THE BOOKSHOP IN CENTREPOINT. PLAZA SINGAPURA AND RAFFLES CITY
      33 words
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      708 21 Where to wine, dine and entertain... asS- What he tier way to celebrate a >2 real week than Sunday Brunch at Tlie Cafe-in-The-l'ark? Enjoy the finest hrunch and service at only $28* per adult (only $14" for the kids). Then toast your good fortune with Gold ?*ekt Champagne, each glass
      708 words
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      Page 21 Advertisements Column 2
      64 21 lL -JWfc kK4 24-hour Coffee House Ist floor The Chicken Rice Capital Of The World ifr H&ntiklfiti m 333 Orchard Road, Singapore *****7. Tel: 737 4411 1 your.' favourite pastries Freshly baked cakes and pastries at half price t Indulge in Western goodies and local sweets 6.00pm to 7.00pm daily
      64 words
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      20 22 Young I Parents I -When I you I want I the I best I for I your I children I
      20 words
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      Page 22 Advertisements Column 2
      80 22 In business good connections can make a world of difference Reach customers and business partners around the world with Singapore Connect, Singapore's most comprehensive business directory on the Internet WITH SINGAPORE CONNECT: Add information to the basic data In your company's listing Join our Partners Programme and get in touch
      80 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      667 23 TIEWnHI WTckinViin rf fho some of his hits including w cuuimg uie Fast star People and birdwatchers Father Figure. BBC Showcase: *n>e A On Elm Natural World Bird Street, 11pm, Ch 5 Nuts, 6pm, Premiere 12 A group of teenagers What makes some people discover that they all have wake
      667 words
    • Miscellaneous
      Page 23 Miscellaneous Column 2
      1496 23 TODAY'S TV HHHEHT 2.00 PMMuppet Babies VU. Premlwe 12 a 230 Tom Thunder 84)0 AM Basketball: 3.00 Prince nals 1997 Game 6 Chica- l A«P 3JO The Pastagums. go Bulls vs Utah Jazz ft). 4 oo YaAlif!^. 12.00 NN TV Innovations. I jMf' 4JO Usop Santorian. LOO PM Tennis: ATP
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