The Business Times, 16 August 1997

Microfilm: NL20889
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.cora.sg/biztimes WEEKEND EDITION, AUGUST 16-17,1997
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  • Article
    MARKET SUMMARY
    62 1 116X80 (+62.03) BT-SRI M3L22 (-14.22) Wm BTCOXP UlfS&ffi (+47.08) DBTMQA MNL33 (+7.74) gTQgMAHETDTOlCES Friday Change KIjSKOOMP *10.18, -%M NIKKFJ *****03 -*-103.41 HANG SENG 16,996.88 -(0083 SOT INDEX ***** -6.44 JAKARTA COMP _JI7.70 2830 MANILA COUP —2,***** -44*6 TAIPEI WP1 9,770.80 +138.46 SFXHJLCOMP dosed CiJSA CHINA B 1J68&1S +»84
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  • Article
    FINANCE
    72 1 EZCBAXGr BATES US) SI USS 1517 1J9I 1414 DM 0543 9.824 YEN 160 1845 1.282 Ml 0.360 0545 HKS 0.129 0.196 BAHT ***** 0.048 RUWAH 166 0.684 0.062 PUB BATES SINGAPORE* 144 KUALA UJMPUIL 9 JO JAKARTA 18.00 BANGKOK 1128 MANILA KJO HONGKONG 8.75 TAIPEI 9.00 SYDNEY 5JO TOKYO
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  • Article
    Switch to Local shares gives STII 62-pt boost
    630 1  -  Institutional clients frustrated over uncertainty of dual listing system: brokers By R Sivanithy [SINGAPORE] The rush to sell Foreign shares of blue chips and switph into the correLocal gained further momentum yesterday, giving the Straits Times Industrials a massive 62.03-point or 3.3
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  • Article
    SEC drops insider trading charges against Abdul Ismail
    361 1  -  But claims against Raymond Lum, Bobby Ong still pending By Jenny Lam [SINGAPORE] The charges against London-based businessman Abdul Ismail, one of three men accused of insider trading in the Neptune Orient Lines-American President Lines case, have been dropped. The US Securities
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  • Article, Illustration
    Lock icon Fifty years on
    59 1 [NEW DELHI] Indian soldiers from the paramilitary Central Reserve Force passing in front of the lit-up Federal Secretariat building here during ceremonies marking 50 years of independence from British colonial rule. The celebrations began on Thursday night with flag-waving participants and spectators taking part in a night
    AFP  -  59 words
  • Article
    Big 4 banks: no plans to merge shares
    63 1 [SINGAPORE] All the Big Four local banks yesterday said they currently have no plans to merge their Foreign and Local shares. DBS Bank, United Overseas Bank and OCBC Bank said so in statements to the press whereas Overseas Union Bank president Peter
    63 words
  • Article, Illustration
    Lock icon HK dollar feels the heat as currencies are pounded again
    434 1  -  By Larry Wee [SINGAPORE] Regional currencies took further beatings yesterday, with the Hongkong dollar the last major Asian currency pegged to the US dollar joining the turmoil as well. Based on their Asian closing rates yesterday, Asean currencies' one-week losses
    Compiled by BT  -  434 words
  • Article
    Lock icon Dow dives 116 pts at 1pm EDT
    79 1 Reuter [NEW YORK] US stocks fell amid investor concern that stock prices are higher than justified by prospects for corporate earnings and volatility related to the expiration of options. At 1 pm EDT, the Dow Jones industrial average was down 116.14 points at
    Reuter  -  79 words
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      128 1 DtgPß Thai cabinet rataffle Prime Minister Chavalit Yongchaiyudh reshuffled his cabinet yesterday. Ten ministers were affected by the move which included the appointment of a respected economist and a business tycoon, Pf 4 OUB profits ap 27% Overseas Union Bank surpassed analysts' expectations when it repqjted yesterday that its net
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      Page 1 Advertisements Column 2
      104 1 Talking shop "In Hongkong, when the business is over or at lunchtime, they socialise. They spend their time at the bars drinking, exchanging confidential inside information. In Singapore, when trading is over our people go home. Why? Because in Hongkong, their homes are not very comfortable. They cannot entertain, so
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      Page 1 Advertisements Column 3
      110 1 Clou# over Foreign tranches, Pg 3 i our God Codccoon. and you couU Ml a trip dw AIM DuwMl C<y k-Aotum in Scodud A purdo— bdon lsd» Sopwnber IW7 toUd mala jm dw wkwtur of our htdcf dm*. GMqg fou busmen %ho and luxury accommodation at an on-coun* hoed YouK
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      4 1 Mor« reports, Pg 4
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon SM Lee on S'pore's missing 'buzz'
      723 2  -  Key businesses and sectors have to change their mindset, adapt to global competition By' Ven Sreenivasan SINGLING out Singapore Airlines, the local banks and the regional currency crisis as examples, Senior Minister Lee Kuan Yew said Singapore's key businesses and sectors have to change
      FRANCIS ONG/ST  -  723 words
    • Article
      Hutchison starts new Chinese info channel for pagers
      255 2  -  By] David Boey SINGAPORE'S first messaging pager service offering news and information in Chinese is being launched today by Hutchison Paging. All Hutchison's new and existing message pager subscribers can get access to the Chinese information broadcast channel for free. The service
      255 words
    • Article, Illustration
      Lock icon Household loans tripled to $83b from 1990-1996
      434 2  -  A result of S'pore&ns taking on heavier boosing loans: stndy By. Audrey Tan HOUSEHOLD loans almost tripled to $83 billion between 1990 and 1996 as Singaporeans took on increasingly heavy housing loans, a study by the Department of Statistics (DOS) shows. And as
      Source: Dept of Statistics  -  434 words
    • Article
      PSA expects to handle 14m containers this year, up 8.5%
      419 2  -  Performance puts it in good stead to give HE a ran for top spot By' Yong Mei Fong THE Port of Singapore Authority (PSA), which will be corporatised within the next few months, expects to handle over 14 million containers
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    • Article
      More competition for telecoms players after 2002
      385 2  -  Callback operators may eventually be licensed: TAS By 1 Teh Hooi Ling THE Telecommunication Authority of Singapore (TAS) told bidders for basic telecom licences yesterday that unlike the present tender, new players after 2002 can be both facil-ities-based and non facilitiesbased. "More players,
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      296 2 Announcing: Enrollment for 1997 Fall Semester for university students living in Singapore.* OFS College with California State University, Dominguez Hills, California, USA 'Make 'Appfication for OFS College provides the first two years of a California State University college g •'J degree program for overseas university students living in Singapore, and
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      Page 2 Advertisements Column 2
      8 2 Home Decor For people who love their homes
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      175 2 CBTPTIC CROSSWORD 23 Case for government (7) |H| H 25 Bloomer ie safer to reproduce season (5) SS 28 These orders herald a dismiss31 (8) city (7) YESTERDAYS SOLUTION 29 Uncomfortably and hard pre- 8 Anne rd confused with anoth- sumably (6) er girl (6) oMkyuMAMNjfIfIHMA DOWN 9 Similarly using
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        Lock icon BT Sentiment Index
        614 3 Those polled for their views on the Singapore stock market out- look next week were: Daiwa, Deutsche-Morgan Grenfell, GK .Goh, ING-Barings, Merrill Lynch, Phillip Securities, Indosuez WI Carr. Thakral Corp ♦(Buy) Fraser-AMMB Research, Aug 15, US$l.O4 Thakral Corp has announced the formation of three new joint ventures
        Figures denote number of respondents  -  614 words
      • Article, Illustration
        In My Opinion
        422 3  -  By Jatin Doktor investment analyst, BZW-Pacific Union OING by the recent It growth in domestic VJ electronics exports, the electronics sector appears to be recovering from a low in -March. While momentum may continue in the second half, it is prudent to remain cautious •/about the strength
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    • Article
      Cloud over Foreign tranches
      799 3  -  Uncertainty over dual listing system sees blue chips' Foreign shares drop while their Local shares rise By. Louis Beckerling [SINGAPORE) THE premiums for Foreign tranche shares compared with their Local counterparts narrowed sharply last week. Aside from poor market sentiment at least until yesterday's strong rebound
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    • Article, Illustration
      Lock icon Change in role for the HK stock market
      559 3  -  EYE ON THE REGION: HONGKONG By< Cheah Cheng Hye The writer is the managing director of Value Partners Ltd. a Hongkong fund-management firm specialising in investing in mid to small<ap stocks listed in Hongkong and China. THE nature of the Hongkong stockmarket
      FILE PHOTO  -  559 words
    • Article
      Don't put all your eggs in one basket
      790 3  -  Best way to reduce risk: ensure there's an adequate spread of investments By\ Caroline Meakin The writer is manager of private client portfolios at Schroder Investment Management Singapore. Future articles in this fortnightly series will deal with investment options, portfolio construction and
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    • Article
      Seeking investment advice? You need a specialist
      791 3  -  Banks, brokers or insurance agents may not offer enough By Stewart Aldcroft The writer is the marketing and sales director of Templeton Franklin Investment Services (Asia) Ltd [SINGAPORE] The patient, when consulting his or her doctor for advice about an ailment, will usually
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  • Page 3 Advertisements
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  • CURRENCY AFTER-SHOCKS
    • Article
      Chavalit brings tycoon, economist into cabinet
      735 4  -  Reshuffle affects 10 ministers, welcomed by analysts bnt seen as largely cosmetic From Harish Mehta in Bangkok PRIME Minister Chavalit Yongchaiyudh reshuffled his cabinet yesterday, appointing a respected economist and a business tycoon to top posts in a bid to restore flagging confidence in
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    • Article, Illustration
      Lock icon Rupiah fall: Inaon firms brace themselves for worst
      578 4  -  JAKARTA By\ S N Vasuki AS THE rupiah continues to plunge, major Indonesian firms are bracing themselves for the worst a dramatic increase in costs and a squeeze on margins especially those which are dependent on imports and have a high foreign
      AFP  -  578 words
    • Article, Illustration
      Lock icon M$ drops to lowest against US$ since 1973
      396 4  -  KUALA LUMPUR Rupiah weakness drags ringgit down to 2.8225 against US$ By\ Eddie Toh THE Malaysian ringgit yesterday was knocked back to its lowest level against the US dollar since it was floated in 1973 as the Malaysian central bank continued to
      Source: Bloomberg  -  396 words
    • Article
      HK$ next to remove US peg after attack?
      429 4  -  HONGKONG By] Loh Hui Yin CURRENCY traders zeroed in on the Hongkong dollar yesterday, sending the local currency and the stock market southwards. As the only major Asian currency still keeping to a fixed exchange rate to the US dollar, currency traders
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      646 4 BERGER Berger International Limited (Incorporated in the Republic of Singapore) The Board of Directors of Berger International Limited is pleased to announce the unaudited interim results of the Group and the Company for the six months ended 30 June 1997: Latest Ist half year 1997 Ist half year 1996 SS'QQQ
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  • REGION
    • Article
      S'pore-Viet taskforce to tackle fall in investments
      497 5  -  HANOI Morale of investors in Vietnam has gone down dne to forex controls: BG Yeo By\ Ronnie Lim SINGAPORE and Vietnam have agreed to form two taskforces, including an urgent one to tackle the marked slowdown in foreign investments into Vietnam due to
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    • Article, Illustration
      Lock icon Making faces for show
      47 5 [TAIPEI] Taiwanese artist Wu Chi-chang posing with his ghostly masks in Taipei yesterday. Mr Wu, 41, who set up a museum for his masks, has created around 1,250 masks over the last 10 years. Taiwan celebrates the annual religious ghost festival tomorrow. REUTER
      REUTER  -  47 words
    • Article
      China ready to make offer on market access at WTO talks
      449 5  -  SINGAPORE Bat Western expectations must be reasonable: official By Lu Ning CHINA'S top WTO negotiator said China is ready to table a comprehensive market access offer at the crucial round of negotiations in late August and early September, but
      449 words
    • Article
      Tung to visit M'sia and S'pore early next month
      322 5  -  HONGKONG By\ Loh Hui Yin CHIEF executive Tung Cheehwa will visit Malaysia and Singapore next month, his first overseas trip since taking office in July. This will be followed by trips to the United States, Japan, Western Europe and England over
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    • Article
      Lock icon Indian leaders declare war on graft
      345 5 NEWDELHI President, PM cull for mass resistance in tradition of Gandhi Reuter INDIA's leaders called for a war on corruption yesterday as the nation took a sobering look at 50 years of freedom from colonial rule. President K R Narayanan and Prime Minister Inder
      Reuter  -  345 words
    • Article
      Lock icon Yamaichi affiliate closes down
      191 5 TOKYO Bloomberg OGAWA Securities Co said it shut down operations effective yesterday, becoming the first Japanese securities company to go out of business in 17 years. The Osaka-based firm, an affiliate of Yamaichi Securities Co, suspended business on May 26. In a statement yesterday, the company
      Bloomberg  -  191 words
    • Article
      Lock icon China bourses to come under watchdog
      484 5 BEIJING Move stems from govt concern about graft and speculation Bloomberg, AFP CHINA'S securities regulator took direct control of the country's two stock exchanges, following an order from the Cabinet to reinforce its oversight of markets. The latest move, which includes the replacement of
      Bloomberg, AFP  -  484 words
  • Page 5 Advertisements
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      595 5 Overseas Union Bank Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Bank Limited wishes to announce 1 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1997 The Bank The Group Six months ended Six months ended 30-6-97 30-6-96 30-6-97 30-6-96 SSOOO SS'OOO
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  • REGION/WORLD
    • Article
      Lock icon Bonn mulls watered-down tax reforms to win over opposition
      530 6 BONN Govt may cat 15b marks off 1998 tax bills-half the sum originally proposed Reuter CHANCELLOR Helmut Kohl's government may scale back its tax reforms in a bid to win over a defiant opposition, German coalition sources said yesterday. The sources
      Reuter  -  530 words
    • Article
      Lock icon UK rates likely to rise again this year: economists
      439 6 LONDON Strong growth could push inflation past govt target Bloomberg INTEREST rates in the UK are likely to go up again later this year, economists said, as strong growth threatens to push the inflation rate past the government's target. At least,
      Bloomberg  -  439 words
    • Article
      Lock icon HK govt unveils new election law
      367 6 HONGKONG Territory's activists condemn law for curtailing democracy Reuter THE China-backed Hongkong government yesterday published a new election law that will curtail democracy in the former British colony, provoking condemnation from prodemocracy activists. Revealing the draft election law for the first time, Constitutional Affairs
      Reuter  -  367 words
    • Article, Illustration
      Lock icon Never too old to fly
      76 6 [LONDON] Van Pinxteren, aged 101, from Amsterdam, raising his arms in joy after touching down at London City Airport yesterday. As part of the Belgian airline Sabena's promotion, 72 centenarians were flown to Britain for a luncheon and a tour of the city in what
      REUTER  -  76 words
    • Article
      Lock icon Rupee overvalued on heavy inflows, says central banker
      380 6 GOA Reuter THE Indian rupee is overval' ued against major world cur-' rencies, as a result of heavy foreign capital inflows and despite persistent central bank intervention to brake the rise, a central bank official said', yesterday. Deputy Governor YV Reddy of
      Reuter  -  380 words
    • Article
      Lock icon Russian GDP flat but jobless down, inflation up in July
      374 6 U MOSCOW Reuter OFFICIAL figures painted a mixed picture of Russia's economy in July, with output stagnating for the second month running, inflation edging up for the first time in two years, but unemployment and wage arrears both falling. The
      Reuter  -  374 words
  • Page 6 Advertisements
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      1114 6 A INFORMATICS HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice it hereby given that the Fourteenth Annual General Meeting of INFORMATICS HOLDINGS LTD will be held at Informatics Building, 5 International Business Park, Singapore *****4 on Tuesday, 2 September 1997 at 10.00 am to
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      41 6 DOONESBURY By Garry Trudeau 'SO &BNTHOU6H IMAPIZA ATTENDED \1 I A COFFBB AT TH£ 6UH/7B\ W 7WS>OJKX,COtipi fll OCRATfC WHY, TH3&MAS MS.HUMfWU I HOUSS, BUT AS MAS NOJBP 1 R HAVE TWO II ABSOUJTWNOWW-FWW CHPNT,SAY,An&€> I HBRSBARI/BR, fUMS WaSH SUGARS j
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  • COMPANIES & MARKETS
    • Article
      OUE posts 4.3% fall in interim net profit
      351 7 [SINGAPORE] Overseas Union Enterprise (OUE), the hotel arm of Overseas Union Bank, posted a 4.3 per cent drop in interim net earnings to $13.6 million for the year ended June 30. And the company warned that pre-tax profit for the full year
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    • Article
      Who is really to blame for the world gold price fall?
      722 7  -  Russell Baker JUST who is more to blame for the most recent fall in the world gold price Australia's Reserve Bank or those übiquitous "rogue speculators"? The Australian gold industry, the world's third largest, was looking for the answer
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    • Article, Illustration
      Lock icon OUB beats growth forecasts
      590 7  -  Regionalisation and diversified income sources swell profits by 27% to $180 m By Siow Li Sen [SINGAPORE] Overseas Union Bank (OUB), the last of the Big Four banks to release its results, posted unexpectedly robust group net profit growth of 27.2 per cent for the six
      FILE PHOTO  -  590 words
    • Article
      IPC faces 7 suits totalling $31.4m
      461 7  -  These disputes not uncommon in PC business: director By, Jennifer Lien [SINGAPORE] IPC Corp, which is raising $61-$65 million through a one-for-five rights issue, is a defendant in seven lawsuits with potential liability totalling $31.4 million. Contingent liability, in a Korean case, of US$lO
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    • Article
      HPL's condo project at Cuscaden: up to $2,000 psf?
      227 7 [SINGAPORE] HOTEL Properties Ltd's Cuscaden Road condo project is likely to have an average selling price of $1,800-$2,000 per sq ft given current pricing conditions, said a company spokesman, though he cautioned "this could change later". The 95,810 sq ft site,
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    • Article
      Amara debuts with 53% gain on offer price
      356 7  -  Sesdaq counter closes at 46C, just a cent above low for the day By. Ang Wan May [SINGAPORE] Amara Holdings ended its debut trading yesterday on a 53 per cent premium after earlier hitting a premium of 80 per cent over its
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    • Article, Illustration
      Keppel Philippines expects better 2nd half with peso fall
      351 7  -  Group reports 16% decline in interim net profit to 4&3 m pesos By i Conrad Raj [SINGAPORE] Keppel Philippines Holdings, which groups Singapore-based Keppel Corporation's operations in the Philippines, says the recent depreciation of the peso has raised prospects for a
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    • Article
      Acer's 21% growth in net profit exceeds forecasts
      366 7  -  By. Annette Pau [SINGAPORE] Mainboardlisted Acer Computer International yesterday topped analysts' expectations with a 21.2 per cent growth in net earnings to $17.8 million for the half-year to June 1997. Analysts had forecast profit growth of 15-20 per cent. Revenue grew 49.4
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    • COMPANIES
      • Article
        Konsortium set to buy MISC stake despite price issue
        501 8  -  f Company official confirms that Petronas is also involved in the deal From Eddie Toh iti Kuala Lumpur KONSORTIUM Perkapalan is confident of acquiring a substantial stake in national shipping company Malaysia International Shipping Corp (MISC) despite problems of pricing, according
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      • Article, Illustration
        Oei sells 27.8% stake in China Development
        392 8  -  Single-largest owner of former Sam Cheong is now Sak&mto Sia By < Conrad Raj [SINGAPORE] Former Singa-pore-based businessman Oei Hong Leong has sold his 181.98 million shares or a 27.8 per cent stake in China Development Corporation (formerly Sum Cheong International) for HK5227.5
        392 words
      • Article
        Planned spin-off of Indofood will boost position of Indocement too
        329 8  -  From S N Vasuki in Jakarta A SENIOR executive of PT Indocement said yesterday that the proposed spin-off of PT Indofood will strengthen the financial and competitive position of both the Salim Group-owned companies. Benny Santoso, a director of Indocement,
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      • COMPANY Briefs
        • Article
          Ipco takes action over US$3.85m claim
          80 8 [SINGAPORE] Ipco has taken court action to determine whether HSBC Capital (Asia) can enforce a lease of equipment and a related guarantee. It said HSBC Capital had on Aug 12 claimed on OCBC for USS3.BS million (515.84 million) pursuant to a banker's guarantee issued
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        • Article
          SembCorp now owns 39.3% off JSL
          52 8 [SINGAPORE] Sembawang Corporation and its concert parties now own 54,593,122 shares in Jurong Shipyard Ltd, amounting to a 39.3 per cent stake. Sembawang's offer for JSL, which closes on Sept 5, is conditional on it ending up with more than 50 per cent of
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        • Article
          Transpac to buy US$3.5m bonds
          79 8 [SINGAPORE] Transpac Industrial Holdings Ltd, together with other funds managed by Transpac Capital Pte Ltd, its investment manager (Transpac Funds), has entered into an agreement to further invest US$3.5 million in convertible bonds in PT Sumber Subur Mas, one of the leading integrated chicken producers
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        • Article
          Sunright quits deal with Lek Sun
          79 8 [SINGAPORE] Sunright Ltd announced yesterday that it was withdrawing from a planned joint venture with Lek Sun Manufacturing Sdn Bhd to establish manufacturing facilities in Singapore and Malaysia to produce specialised components for the electronics industry. Sunright said the conditional memorandum of understanding signed
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        • Article
          Datacraft opens support centres in M'sia
          49 8 [SINGAPORE] Datacraft Asia has set up five support centres throughout Malaysia as part of its strategic move to extend its outreach across East and West Malaysia for nationwide customer support. The new centres are in Penang, Johor Bahru, Kuantan, Kuching and Kota Kinabalu.
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        • Article
          CityDev appoints chief for Kiwi unit
          69 8 [SINGAPORE] City Developments has appointed Donald John Lindsay as executive director of subsidiary CDL Investments New Zealand Ltd. Prior to joining CDL Investments NZ in 1994, Mr Lindsay, 54, was property/project manager with Landcorp Property Holdings Ltd. In his new position, he will advise
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        • Article
          Tat Lee Finance interim up 4.9%
          92 8 [SINGAPORE] Tat Lee Finance's interim profit rose 4.9 per cent to nearly $5.39 million for the six months ended June 30. Operating revenue went up 6.6 per cent to $22.04 million. Other income jumped 58.5 per cent to $149,000 while investment income rose 21.9
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        • Article
          Pan-United Corp interim falls 30%
          77 8 [SINGAPORE] Pan-United Corporation has reported a 30 per cent fall in net profit to $7.04 million for the half year ended June 30. The poorer results came on the back of a 33 per cent plunge in turnover to $107.06 million. Earnings per share based
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        • Article
          Kian Ho interim tumbles 39%
          93 8 [SINGAPORE] Kian Ho Bearings announced a 39 per cent fall in its interim net profit to $1.43 million on 16 per cent lower sales of $29.64 million due to poorer performances in Asia. Earnings per share on a fully diluted basis dropped 39 per cent
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        • Article
          Wepco adjusts sale price of building
          80 8 {SINGAPORE] Wepco Ltd announced that the sale price of a property at Tong Aik Building owned by wholly-owned Tong Aik Plastic Factory Pte Ltd has been adjusted to $5.45 million from $5.6 million on the basis that the remedial works, as required by the
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        • Article
          TLB Land interim surges 62%
          98 8 [SINGAPORE] TLB Land Limited (formerly Pan Malayan Holdings Limited) has reported a 62 per cent jump in net profit to $3.42 million for the half year ended June 30 despite a dip in turnover by 7 per cent to $8.08 million. Earnings per share based
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        • Article
          Two directors quit Clipsal board
          66 8 [SINGAPORE] Clipsal Industries (Holdings) yesterday announced the resignations of Andrew Ng Sung On and Kevin Lo Chung Ping as directors with effect from Aug 15. The resignations were in line with the recent change in group structure of Gold Peak Industries (Holdings) Ltd which resulted
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    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Brierley to fight Aussie watchdog allegation
        466 9 It says statement on its Fairfax share trading misleading Reuter [SYDNEY] New Zealand's Brierley Investments Ltd said yesterday it will vigorously defend proceedings brought by Australia's corporate watchdog over trading in the shares of newspaper publisher John Fairfax Holdings Ltd. Earlier yesterday, the Australian
        Reuter  -  466 words
      • Article
        Lock icon Wells Fargo to cut 1,200 more jobs by Q4
        190 9 Bloomberg [SAN FRANCISCO] Wells Fargo Co, which slashed 12,600 jobs since it bought First Interstate Bancorp, said it plans to cut another 1,200 as the San Francisco bank expands its cost-cutting campaign. Wells expects to have about 32,000 full-time positions by
        Bloomberg  -  190 words
      • Article
        Lock icon No succession problem: Genting
        248 9 AFP [KUALA LUMPUR] Malaysia's gaming giant Genting Bhd yesterday brushed aside concerns over the succession of chairman Lim Goh Tong, who turns 80 next week. Director of corporate affairs Quah Chek Tin said that experienced senior managers were already in place. Mr Lim celebrates his 80th
        AFP  -  248 words
      • Article
        Lock icon Maybank profit seen rising 26%
        334 9 Bloomberg [KUALA LUMPUR] Malayan Banking Bhd (Maybank), Malaysia's largest bank, is expected to show a profit rise of 26 per cent when it reports fiscal 1997 earnings on Aug 26. That's the third straight yearly increase in earnings growth. Trouble is, that is probably also
        Bloomberg  -  334 words
      • Article
        Pacific Bank CEO to resign next month
        370 9  -  From Meera Tharmaratnam in Kuala Lumpur MALAYSIA'S former central banker Yan wiU retire as president and chief executive officer (CEO) of Pacific Bank Bhd on Sept 16, the bank said yesterday. While the board of directors would have liked Dr Lin to stay
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      • Article
        Lock icon Bell gets nod for US$25.6b Nynex merger
        437 9 But FCC says it wants to discourage future Bell mergers, sets new provisions LATWP [WASHINGTON] Federal regulators on Thursday gave the final go-ahead to what will be the largest merger in US history, Bell Atlantic's U5525.6 billion (5538.7 billion) purchase of its Bell
        LATWP  -  437 words
      • Article, Illustration
        Lock icon Manila fights traffic woes
        72 9 [MANILA] Workers building an overpass seen atop a giant suspended iron span crossing a major busy intersection in suburban Manila on Thursday. The construction is being undertaken by a Chinese company, China Road and Bridge Corp. Costing 150.8 million pesos (Ss7.7million), it is scheduled for completion
        AFP  -  72 words
      • Article
        Tenaga may suffer currency loss of M$600m this year
        296 9  -  Weak ringgit may wipe ont 2nd half operating profit FYom Meera Tharmaratnam in Kuala Lumpur TENAGA Nasional Bhd executives expect accounting for currency losses to cost the company as much as MJ6OO million (5J327 million) this year, analysts said yesterday. This
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    • FINANCE & COMMODITIES
      • Article
        Lock icon Credit Lyonnais plans to launch 40b franc bonds
        355 10 It would be largest single-tranche issue of asset-backed securities FT [PARIS] Credit Lyonnais, the troubled French bank, is considering launching the largest ever single-tranche issue of as-set-backed securities (ABS). Bankers in Paris said on Thursday that they had been approached by Credit
        FT  -  355 words
      • Article, Illustration
        Lock icon Greenback on shaky ground?
        444 10 USS/mark: The US dollar recovered slightly to 1.8705 on Tuesday before sellers returned to bring the unit to a lew of 1.8285 on Wednesday. It then settled to trade between 1.8298 and 1.8475 on Thursday and was seen trading around 1.8405 yesterday morning. The near-term technical
        Source: DBS Bank  -  444 words
      • Article
        Danish reinsurer to get branch status here
        286 10  -  By\ Soh Tiang Keng [SINGAPORE] Copenhagen Reinsurance, which has been doing business here for the past 23 years, plans to convert its Singapore subsidiary into a branch by January 1999. BT understands the Monetary Authority of Singapore has given its approval-in-prin-ciple to this
        286 words
      • Article
        Lock icon Hokkaido banks deny reports that planned merger is on the skids
        511 10 But analysts still see growing rift over problem loans for the two troubled banks Reuter [TOKYO] Former rivals Hokkaido Bank and Hokkaido Takushoku Bank gave assurances on Thursday that there would be no delay in their merger set for
        Reuter  -  511 words
      • Article
        Lock icon Euroyen capped at recent highs
        198 10 SSMELReport Reuter (SINGAPORE) Simex Euroyen futures were confined to a twotick band in slow trade yesterday as players searched in vain for new incentives to push the market beyond recent highs. Dealers said the market was unmoved by data showing Japan's industrial output fell a
        Reuter  -  198 words
      • Article
        Lock icon Computer-related shares lead futures higher
        161 10 MSCI TAIWAN FUTURES By Ric Trotta, Floor Manager, Refco Singapore Pte Ltd (SINGAPORE) The Simex MSCI Taiwan Index futures contract rallied behind com-puter-related shares for the second straight session yesterday. The August contract gained 3.2 points to 405.3. The cash market rose 138.5 points to
        By Ric Trotta, Floor Manager, Refco Singapore Pte Ltd  -  161 words
      • Article
        Lock icon Oil slips as petrol dips, Iraq begins export
        319 10 ENERGY REPORT Reuter ILONDON] World oil prices fell yesterday as a bout of prof-it-taking swept through the market at the end of a week of climbing prices. Faltering petrol demand and the first exports of oil from Iraq also weighed on prices.
        Reuter  -  319 words
      • Article, Illustration
        Untitled
        1526 10 IMTERBAME CROSS RATES Aug 15 A$ C$ —> ECU FTr Ow HK$ 1ndls»»tH >w m «2$Pa> N Peeo land Sfr l»T$ Hht Hmt US$ Australia 1033 6.178 0.695 4.606 1366 5.754 26.524 2L534 0.878 6.646 2.065 1.160 30.M0 22.128 1126 3.486 1.126 ***** 23.520 0.467 0.743 Canada 0.968 5.977 0.673
        1,526 words
      • Article
        Lock icon CURRENCY REPORT
        269 10 Reuter THE US dollar was higher against the mark and yen in midday trade while sterling also rose on speculation that next week is likely to see the release of further buoyant UK economic data, dealers said. Although the Bank of England has said it is going to
        Reuter  -  269 words
    • Article
      COMMODITY PRICES
      1789 11 8IC0M FUTURES Aug 15 IUMU (Mtnt da*« at SJOva) RSS1 CONTXACT(S cwrtjA«) Closo Volume Open Mowtt Hlgft Low Sott (tonnes) tatOfOSt Sep 97 138.25 138.25 138.00 25 350 Oct 97 140.75 140.75 140.25 50 1525 Nov 97 144.00 143.25 143.25 250 1775 D«C 97 145.75 145.75 145.75 50
      1,789 words
    • Article
      Lock icon TOKYO
      1647 11 AFP Q Nikkei 225 ♦103.41 JAPANESE share prices edged up about 0.5 per cent yesterday as international blue chips were bought following modest gains on Wall Street overnight and the US dollar's rally against the yen. Brokers said that short covering in the financial sector along with futures-linked buying
      AFP  -  1,647 words
    • Article
      WORLD STOCK MARKETS
      2310 11 LOUDON Industrials tag IS NKI 31 Group 491-200~ -.200 AB Pom 274.400 1.400 AbPey National 802.400 -8 Allied Domecq 477.400 -5 Amec 147 2.600 Asda Croup 149-200 -1.800 BAT Ind 517 -5.400 BG PIC 254.400 5 8 ICC 169.400 5 BOC Group 1115 -21 BR Petroleum 851.400
      2,310 words
    • Article, Illustration
      Lock icon HONGKONG
      1611 12 Bloomberg QHangSeng -40(183 STOCKS fell yesterday, as a surge in interest rates triggered the benchmark index's decline. Property companies accounted for about one third of the index's drop. Hongkong interest rates, which track US rates, jumped to their the highest since 1995. The rise in rates, coming amid currency
      Bloomberg  -  1,611 words
    • Article, Illustration
      Lock icon CHINA
      655 12 Reuter F1 Shenzhen B Index +7.51 PROFIT-TAKING limited gains on Shenzhen's B Share Index yesterday, but strong buying interest was expected next week for stocks seen as undervalued. The B Index surged 7.51 points to 158.73 on turnover of HKJ7OO million against Thursday's HK$266 million. The A Index lost
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  655 words
    • Article
      Lock icon TAIPEI
      394 12 AFP QWP Index +138.46 RENEWED buying interest in leading high-tech issues sent the index up yesterday. The TSE Weighted Price Index rose 138.46 points to 9,770.80. Turnover was 2.1 billion shares worth NT5139.5 billion. Risers beat falls 283 to 129, with 131 unchanged. The electricals sector rose 2.3 per
      AFP  -  394 words
    • Article
      WELLINGTON
      275 12 |3 Wellington +39.03 SHARES surged yesterday, as domestic bonds rose after reports indicated US growth isn't spurring inflation. The Top 40 share index rose 39.03 points, or 1.6 per cent, to 2,495.63. Bloomberg US *h 000) AN2 8«r*ing TI.75 0.05 ***** Advontogos Hidgs 0 98 0.03 ***** Air Now
      275 words
    • Article, Illustration
      Lock icon JAKARTA
      757 12 AFP n Composite Index -25.30 SHARE prices slumped 3.9 per cent yesterday to their lowest level of the year as the rupiah plunged to a record low. "We've lost all of the gains accrued since the beginning of the year," a dealer said of the day's "bloodletting". The JSE
      AFP  -  757 words
    • Article
      Lock icon MANILA
      347 12 AFP Q Manila -4156 STOCKS plunged yesterday as currency volatility, high interest rates and downgraded profit forecasts combined with a computer glitch to push the market down. The PSE Composite Index fell 44.56 points to 2,448.93. Turnover was a thin 1.14 billion shares worth 1.32 billion pesos after trading
      AFP  -  347 words
    • Article
      Lock icon SYDNEY
      594 12 AFP Fl AD Ordinaries +3&B SHARE prices rose yesterday on investor confidence that the volatile US market was settling down, brokers said. "It was a very strong day and it was almost entirely due to overseas," a broker said. The All Ordinaries Index closed 38.8 points higher at 2,666.2.
      AFP  -  594 words
    • Article, Illustration
      Lock icon BANGKOK
      819 12 AFP D SET Index -5.44 STOCKS fell yesterday as the government announced a cabinet shuffle that did little to improve confidence and as companies reported poor profit results. Analysts said investors were uncertain whether the new cabinet would be able to cooperate in managing the country's economy. Telecommunications tycoon
      AFP  -  819 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares slip on selling by foreign funds
        333 13 AFX-Asia C 2 Composite Index -&36 SHARE prices closed lower yesterday on selling by foreign funds triggered by a renewed sharp fall in the ringgit. Dealers said investors also preferred to take profit ahead of the weekend and the implementation of the shorter
        AFX-Asia  -  333 words
      • Article
        Untitled
        269 13 Up >— U—» Coraunw pra 22 t3 Mprt 51 23 M Construction 13 5 Tri*i«/s«( 3* 19 17 MrMtru 3 0 "»»ct 33 14 M Hot* 2 0 3 34 20 M MonUtton 22 K) 3 MMnq I 0 Tru*t 3 o 1 63 28 21 BttAferrentj 2 0 0
        269 words
      • Article
        Untitled
        8688 13 INDUSTRIALS Coniuirwr products 1997 Last Vol Day Net Cat ffr L— Canary Mi •OOP MH> Lw P/t Jml fitT 500 Ajimxnoto 500 -20 1 500 500 27.7 202.7 448 269 Angkasa 278 unch 35 283 278 8.2 409.9 905 600 Apollo Food Hlg 630 -10 33 630 610 18.3 252.C
        8,688 words
    • WARRANTS & OPTIONS
      • Article
        OSK warrant has the figures to merit consideration
        174 14  -  WARRANT WATCH IV R Sivanithy IT'S BEEN a long time since we looked at stock broking counters, so this is as good a time as any. It's perhaps not surprising to see that most have slumped beyond recognition, considering the way the
        174 words
      • Article
        Untitled
        3801 14 --•6NDS, LOANS WARRANTS wt 1997 Last Vol Day Hit Oust* Avq (Ugh Low Stno Company Sato *or- COOO) Hlqh Low Buyof SaMor Ptict 68 ~~m~ 3000 m AMDB CS.5H*****6 40 *1 10 40 40 40 41 81 41.5 3160 A Acaf ******1 USS 66.5 »tS 52 68 66 66 5
        3,801 words
    • Article
      CLOB INTERNATIONAL
      2445 14 MALAYSIAN STOCKS Cr Or 1997 Last Vo4 Day Last Ouot* Dtv Wv YM Net M Cap Htgh Low Stno Company Sato COOO) High Low Buyor SeHer C'vr P/E $m• I 47$ 235 «uv>n ai<B<uv- ?Vi 1)4 106 248 235 236 240 i!o 4.9 0.6 51.5 242.1 137 75
      2,445 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1780 15 TURNOVER ('000) VALUE COOO) tuia o«6 txi cn> T>m Industrial 73.665 12.303 85,966 222.163 20.217 242.360 Fin«nc» 28.327 7.123 35,450 244.039 *4.460 256.499 MotMt 1.962 662 2.664 4.792 933 5.725 Proo#rt>»! WM07 6,949 21.356 69.002 7,613 76,614 PUntMion 1.962 1.962 3,462 3.462 Mtninq 214 214 436 436 M.W 9,866 6,477
        1,780 words
      • Article
        MAIN BOARD
        5191 15 Gr Gr M Wt 1997 Last Vol Day Last Oust* Dtv 01 v Y Id Net Cap A*g High Lew StNo Company Saw COOP) High Low Buyer Sella* H C'w P/E Smll Price INDUSTRIALS 157 104 a 1020 ACE Dynamic s60c 106 -1 30 108 105 105 107
        5,191 words
      • Article
        SESDAQ
        1110 15 Gr Of M art 1997 LMt VM On lot Ovot. Dtv Olv YM Nat Cap A*a xm> t— Mm ci»mi ian rooo) l— Brar «—«r cv y/i Prtta SESOAQ 186 76 2000 ABR MkkjsSc 138 -2 527 145 137 137 138 3.0 6.0 ai 197.1 61.4 Ml 342 144
        1,110 words
      • Article, Illustration
        HOT STOCK
        62 16  -  fay! Shiv Taneja KEPPEL LAND closed two cents higher yesterday at $4.20 on a volume of 1.45 million shares, compared with its 10-day traded average of 1.6 million shares. In the near term, the stock is likely to trade sideways with a slight upward bias, but this could
        62 words
      • Article, Illustration
        Speculators cash in as well amid dual-listing confusion
        658 16  -  STOCK MARKET COMMENTARY STU gains 3.3% as Local shares jump further at the expense of Foreign stocks; brokers say overall market sentiment is still soft By R Sivanithy [SINGAPORE] Confusion over the future of Local/Foreign dual listings of blue chips yesterday gave
        658 words
      • Article
        Untitled
        207 16 Stacks Volume Amara Hldgs Ltd 81,753,000 Hotung Inv NT5 13,574,000 HK Land USIOc 6,705,000 DBS CPS200 5,170,000 SM Summit K)c 4,427,000 SingTel 15c 4,160,000 HKL RFWW***** 3,920,000 SIA 3,737,000 UOB Foreign 3,717,000 'Magnum Corp50c 3,576,000 Stocks UOB Foreign 46,509,836 OCBC Foreign 42,906,076 OBS Foreign 42,469,890 Amara Hldgs Ltd 40,326,565 SIA
        207 words
      • ON THE GRAPEVINE
        • Article
          Cashing in on the boom
          95 16 IT LOOKS like the Economic Society of Singapore has also decided to cash in on the fund management boom in Singapore with their own fund industry conference. It is organising a day-long affair on Sept 26 at the Raffles Hotel. For the pleasure of listening
          95 words
        • Article
          First off the block
          116 16 WHO is going to launch Singapore's first technology unit trust? The word on the street is that there are two fund management houses going head to head to launch the first tech fund here. The local office of the UK-headquartered Henderson Investors has filed an application
          116 words
        • Article
          Chew on this
          170 16 A HONGKONG judge who fined a gum-chewing businessman and politician HK$5OO (Ss9B) for contempt of court was herself given something to chew on, reports Reuters. Leung Ka-ching won an appeal against the fine, arguing that he had chewed gum in court in January only because he wanted
          170 words
        • Article
          Light of wisdom
          166 16 IF SOME Public Utilities Board (PUB) executives you know suddenly seem intimately familiar with the nuts and bolts of the telecommunications industry, it's because the PUB has been faithfully following the experience their counterparts in the Telecommunication Authority of Singapore (TAS) have garnered in the field r*
          166 words
        • Article
          Monkey see, monkey do
          115 16 One investment banker told us recently that r: whatever bright spots there are in the offshore syndication loans market right now is quite delusionary, for Singapore-based banks, that is. But according to him, the current consolidation j will hopefully weed out the cowboy arrangers who are
          115 words
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      657 8 Overseas Union Trust Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Trust Limited is pleased to announce UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1997 COMPANY AND CROUP Six Months Ended Increase/ 30-6-97 30-6-96 (Decrease) SS-000 SS'OOO Total Operating Revenue 41,408
      657 words
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      Page 8 Advertisements Column 2
      384 8 EXECUTIVE Appointments To advertfae call toll-free 1800-741 1883 REVIEW Business Manager Circulation Asia's premier business newsweekly has an immediate opening for a Business Manager Circulation to be based in Singapore reporting to the Circulation Director in Hong Kong. The successful applicant will be responsible for the marketing and growing of
      384 words
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      773 9 V OVERSEAS UNION ENTERPRISE LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Enterprise Limited is pleased to announce: UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1997 The Company The Group 1997 1996 1997 1996 ssooo ssooo SS'OOO srooo Turnover 68.944 67,649
      773 words
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      42 12 SFor real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe zaobao. ♦The Seoul stock market was closed yesterday. SINGAPORE BUSINESS Giving you the winning edge
      42 words
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      198 14 -a m a WIZ ....COiTIGS tO VOU Available at Amconics. J I wish to subscribe to Wiz for: (please choose one) Method of Payment (please tick one) H C/CDVII/IWTU MPH Times The Bookshop, I One year(l2 issues) at $54 Charge to my card Visa Amex/ Master/ Diners *K fl m
      198 words
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      802 16 BUSINESS Notices 1 CHEMICAL INDUSTRIES (FAR EAST) LIMITED. (Incorporated in the Republic of Singapore) mmM 52 JALAN BUROH, JURONG TOWN. SINGAPORE *****7 TEL: *****11 FAX *****90 ANNOUNCEMENT I. NOTICE OF DIVIDEND PAYMENT AND BOOKS CLOSURE DIVIDEND PAYMENT At the Thirty Third Annual General Meeting of Chemical Industries (Far East) Limited
      802 words
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      Page 16 Advertisements Column 2
      519 16 -ma METALOCK (SINGAPORE) LIMITED (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Eighth Annual General Meeting of the Company will be held at 182 Pandan Loop, Singapore *****3 on Tuesday 9 September 1997 at 10.00 a.m. for the following purposesAS ORDINARY
      519 words
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      Page 16 Advertisements Column 3
      288 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF U SHENG MARKETING SERVICES PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL RESOLUTIONS (Pursuant to Section 290(2Xb)] At an Extraordinary General Meeting of the Company held on 12th August 1997 at 200 Jaian Sultan, #11-06
      288 words
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      Page 16 Advertisements Column 4
      274 16 To advertise call toll-free 1800-*****83 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER Of NIKOTRONICS PTE LTD On Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final General Meeting of the abovenamed
      274 words
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      Page 16 Advertisements Column 5
      59 16 I —n I 21 5\ s§ i' (mk\ 111,,_] El, zlf I I ijf |fl fiZI ■S fj I-J |||f if S as! sjil illi ji 3 31 ill |l!Il II :|!ii k trail a ill <21 jASfcv J J Iff 3 yreßk: fjli l lm&fm liii \Wm Sj«l VEHI
      59 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lights, camera, direction
      1602 17  -  Enthusiasm abounds for a commission to nurture Singapore's fledgling film industry. But opinions vary on the role of such a body, bem mumroe reports BEN MUNROE WITH the recent release of the Singaporefunded Paradise Road, the profile of the Republic's film industry has been raised yet again.
      1,602 words
    • STRAWS In The Wind
      • Article
        In other words ...
        150 17 In other words YOU'VE SEEN your share of hilarious mis-translations in the subtitles of Hongkong movies. Here are some more retrieved from the Internet: I am damn unsatisfied to be killed in this way. Fatty, you with your thick face have hurt my instep. Gun wounds again? Same old rules:
        150 words
      • Article
        Reading between the lines
        54 17 CONFUSED by the terminology at work? Here are some useful definitions: It Is In The Process: It is so wrapped up in red tape that the situation is about hopeless. Major Technological Breakthrough: It works OK, but looks very hi-tech. Preliminary Operational Tests Were Inconclusive: The
        54 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon The doyen of the PR business
        2431 18  -  v THE RAFFLES Conversation Companies will have to make public relations an integral part of corporate strategy, Burson Marsteller chief tells vtkhaw khamma VIKRAM KHANNA IN THE annals of corporate damage-control, there is one instance that has become the stuff of every textbook. Back
        CHRIS LOH  -  2,431 words
      • Article, Illustration
        A firm with a personality
        461 18 IT'S BEEN 10 years since Harold Burson let go of the day-to-day management reins at Burson Marsteller. But he still works with clients, dealing direct with CEOs of some of the world's largest companies. "I can name any number who will get onto the phone
        461 words
    • LEISURE
      • Article, Illustration
        Gifts of glass
        806 19  -  j They come in all shapes, sizes and colours. Many are etched, engraved and trimmed with gold. coRDmE berk admires Moser's table sets and Heinrich Wang's innovative designs CORINNE KERK PEOPLE love receiving gifts for their home, and they probably won't complain if the presents come in
        806 words
      • Article, Illustration
        Yours in the fullness of time
        1034 19  -  WATCHES Thinking of buying a watch from A Lange Sohne? You'll have to place your order at least a year in advance. But it's worth the wait b»\ R Sivanithy TUCKED away in a little town named Glasshutte up in the Ore Mountains of
        1,034 words
    • Article, Illustration
      A thriller with a dash of humour
      624 20  -  CINEMA Scream, a big hit in the US, has some genuine thrills and carries on well By I Susan Tsang WES CRAVEN, the director who has given us ambitious but unevenly executed horror films like A Nightmare On Elm Street and The Serpent
      624 words
    • Article, Illustration
      Led astray by a bad script
      645 20  -  CINEMA Peggy So has a workable story and features capable Singaporean actors but ends up contrived and dated By I Susan Tsang PEGGY SU is a film that attracts interest mainly because of its cast it features Singaporean actors based in England, and several
      645 words
    • Article
      A learning experience
      653 21  -  NIGHTSPOT Muddy Murphy's has an illustrated informative leather-bound wine list and some good not so pricey wines By Ben Munroe THE SCEPTICAL scale and gimmick gauge both bust a valve when the email downloaded: "Irish Pub Launches Comprehensive Wine List. Believed The Best value in CBD." But
      653 words
    • Article, Illustration
      Lock icon WHAT'S ON
      377 21 Compiled by M Yasotha mußmoirs Art of South-east Asia Spink Singapore presents this exhibition cum sale of sculptures, figurines, jewellery and batik from Cambodia, Vietnam, Thailand and Indonesia. Highlights of the exhibition includes Javanese bronze figure of the Buddha, a Khmer sandstone figure of Uma, gold jewellery from
      Compiled by M Yasotha  -  377 words
    • EPICURE
      • Article, Illustration
        Lock icon Good looks, decent food
        774 22  -  The Grill's menu ranges from French to Italian to English and, as jazme ee finds out some are worth tucking in JAIME EE IT'S a grill, it has a name like Devonshire, and it's got a huge countryside mural on one side of its wall from
        CHRIS LOH  -  774 words
      • Article, Illustration
        Serving up a feast of Turkish culture
        381 22  -  PROMOTION The festival is more a cultural experience than rich cnisine By'. Nyasha Laing WHAT'S Turkey the country, not the bird if you don't see belly dancers, kebabs, outlandish costumes and a whirl of activity? Mini-Turkey comes to the Mandarin Hotel this week,
        381 words
      • Article, Illustration
        This Italian restaurant is real chic and cosy
        546 22  -  RESTAURANT And Foligno offers a wide selection bnt it has not been able to focus on a single culinary delight By < Corinne Kerk SOMEONE recently mentioned that a friend held his wedding dinner at Foligno, an Italian restaurant at the Science
        546 words
      • Article
        A taste of the grand state banquets
        297 22  -  RESTAURANT The Gong Li lookalikes are back at the Tung Lok Sharksfin restaurant By. Jaime Ee THEY'RE back. The Gong Li lookalikes with creamy skin and dainty demeanour have returned to serve at Tung Lok Sharksfln restaurant as part of the cooking entourage
        297 words
    • Article, Illustration
      CINEMA
      795 23 Anaoonda. Nothing much can recommend the far-fetched .nfegs that occurs when Eric Stoltz leads a group of film makers fftWn the Amazon to find a lost tribe. Woodlands. Austin Powers. Mike Myers and ous spoof of James Bond movies Lido, Century. Batman And Robin. George Clooney inherits the Batsuit
      795 words
    • Article
      ENQUIRIES AND BOOKINGS
      126 23 Cathay Org Cathay 338-3400 Eastshore 346-1816 Picturehouse 338-3400 Yangtze 223-7529 CngWah Empress 777-5867 Jubilee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Golden Vlllafß Bedok 443-2405 Bishan 353-8885 Boon Lay 792-2788 Broadway 454-9394 Majestic 533-9032 Marina :i37-9488 Pavilion 786-5788 Tampines 8 786-5788 Tiong Bahru 274-6588 Yishun 257-7848 Oversea*
      126 words
    • TRAVEL
      • Article, Illustration
        Best foot forward
        1417 24  -  :r#~ Jtt's the home of Porsche and Mercedes Benz, but in Stuttgart, almost everybody walks, jaime eh joins the human traffic as she wanders along the picturesque streets in search of spatzle and sausages JAIME EE PERSONALLY, I don't agree that military force or nuclear missiles are
        1,417 words
      • Article, Illustration
        Catching up with the past in Esslingen
        533 24 THE picture-book town of Esslingen is about 20 minutes from Stuttgart by car. Virtually untouched by the war because Esslingen was zoned as a hospital area, most of ltd buildings are in original condition, so everything looks kind of medieval and 4 you
        533 words
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      11 17 Raffles Conversation Harold Burson EL 2 JKHb Bg|. A V m
      11 words
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      Page 17 Advertisements Column 2
      252 17 Travel Stuttgart: home of the Mercedes Benz EL 8 i^m j£' V I 2.M i JB. WJLD As Singapore's leading Chinese daily, Lianhe Zaobao regarded as an authority on international developments, business and financial fl|3Til —3p d trends. Subscribe now and you will be kept abreast Jts~ with the latest
      252 words
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      90 20 It's nice to say (h 11 to all your applicaots. 1 If You've received an overwhelming response to your Executive recruitment f advertisement. With a Thank-you ad in The Business Times, you thank each and every one who responded. It's easy and convenient. You save time and m spread goodwill.
      90 words
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      Page 20 Advertisements Column 2
      354 20 i Where to wine, dint Id < HIVAS REGAL 12 JOHNNIE WALKER' dHENNESSV VSOP I MARTELLVSOf MARTELL CORDOP HENNESSY XO Happy Hours S OOprr Vhat tetter way to celebrate a great week than Sunday Brunch at The BtjnT^^RIN^ANO Cafe-in-The-Park? Enjoy the finest Imincli and service at only $38* <»p(*cabte for
      354 words
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      Page 21 Advertisements Column 1
      912 21 Where to wine, dine and entertain- -t®£BSB, tSSSSSS" Ull S» What better way to celebrate a great week than Sunday Brunch at The Cafe -in-The-Park? Enjoy the finest brunch and service at only $28' per adult (only $14* for the kids). Then toast your good fortune with I _C3old Sett
      912 words
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      Page 21 Advertisements Column 2
      72 21 24-hour Coffee House l>t floor The Chicken Rice Capital Of The World Alwkzjffi^^wrr 333 Orchard Road. Singapore *****7. Tel: 737 4411 The new Phoenix Garden Cafe is now open Right in the heart of Orchard Road Popular Buffet Lunch, High Tea and Dinner j I Two function rooms, seating up
      72 words
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  • Page 22 Advertisements
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      8 22 Best "VALUE-FOR MRiF* (Mon Fn Excluding Public Holiday)
      8 words
    • Advertisement
      Page 22 Advertisements Column 2
      85 22 See YouHerefff ®€^PGF GOLF DRIVING RANGE i Put some swing into your life. I I 590 Toa Payoh East I Singapore *****4 Central Expressway From C«y \'y^pu^\V (ofhf i |n t f (I m i Also Avmilable: Golf Clinic Beginner to Advance Level Conducted by Australian Golf Professional Present this
      85 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      2177 23 TODAY'S TV ■■HM—wmim YlBWaia rri-IMI la I MO Babies V 12.00 NN TV Innovations. iHJ® Tom Thunder. A r UU whPfihkhniKPk Lo PM Tennis: ATP Tour 3 ar °i lne and Her A date Willi hk t Highlights 1997 Mer- Cs£a H r k the Kin destroyed by a hurricane.
      2,177 words
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