The Business Times, 29 November 1997

Microfilm: NL21050
Total Pages: 72
1 72 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 023/12/96 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, NOVEMBER 29-30,1997
    14 words
  • Article
    MARKET SUMMARY
    57 1 Q.U IfIMJI (+9.62) wmwT-SRI Umn(+i.oi) n vrooHP M 1397.11 (-1.85) D S»ff#.i9) glWAMETHTOCBB Friday Change KLSK (XMIP M&44 AM NIKKEI 18,63*56 HANG SENG lljSOS -M.18> SET INDEX 596.47 196 JAKARTA COUP MANiUfiQUP I.771S4 +10.68 TAIPEI WP1 77W.lt +X.M SEOUL OAKP ***** 21.lt &SA CHINA B an AUSTALLOKD 2.MS1
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  • Article
    FINANCE
    70 1 EXCEAME BATES LSI St USS 1594 in tS79 DM 0M7 0903 YEN 100 1783 1148 M 6-286 0.466 HKt 0.129 UN BAIfT 0.026 0.099 KJPIAH 100 0027 0.944 PBDEB BATES SWQATOlE* 144 KUALA LUMPUR. J JO JAKARTA 18.N BANGKOK IIS MANILA 1150 HONGKONG 160 rum MO SYDNEY AM TOKYO
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  • Article
    S'pore cannot escape being hit by regional turmoil: Dr Tan
    581 1 Region may see long period of low or no growth if tough action not taken [SINGAPORE] Singapore cannot escape being hit by the regional currency crisis, and must be prepared to see a dent in its economic growth in 1998
    581 words
  • Article
    MAS suffers RM 2.lb forex loss
    649 1  -  Carrier would have been in the red if not for sale of some assets From Eddie Toh in Kuala Lumpur HIT by currency turbulence, Malaysian Airline System Bhd (MAS) yesterday reported a foreign exchange loss of 2.1 billion Malaysian ringgit (***** million) arising from
    649 words
  • Article, Illustration
    Lock icon Salcon clinches top Enterprise 50 award
    332 1  -  Last year's runner-up beats Tat Hong and JIT Electronics to take No 1 spot Reports byi Clarissa Tan [SINGAPORE] POWER plant and water treatment specialist Salcon Pte Ltd runner-up in the Enterprise 50 ranking last year moved up a notch this year to clinch
    CHRIS LOH  -  332 words
  • Article
    Peregrine layoffs signal worse times for industry
    644 1  -  Asia's (nice booming financial industry is in for belt-tightening By( Catherine Ong [SINGAPORE] The good times are over. Yesterday's retrenchment of 275 employees at Hongkong-based Peregrine Investment Holdings will see other layoffs beginning in earnest in Asia's once booming financial industry, bankers and
    644 words
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      Page 1 Advertisements Column 1
      164 1 XMSDMB Mia's Oaam§ Party MmtiTgnt India's opposition Congress Party decided last night to withdraw support to the 18-month United Front coalition government. India now feces a new Congress-led government or fresh polls, Dwtljt— BWSKH Don't freak out when your stockbroker or fund manager keep telling you to 'average down' in
      164 words
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      Page 1 Advertisements Column 2
      13 1 Enterprise 00 SuDDleanent: Free with today's BT «P WVflftllK^l 4pr r Watches- Accessories
      13 words
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      Page 1 Advertisements Column 3
      8 1 Poetipannki of Finland closing S'pore office, Pg 2
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  • SINGAPORE AT HOME & ABROAD
    • Article
      UOB, OCBC and OUB keep prime unchanged
      566 2  -  Keppel, Tat Lee reviewing situation; DBS says rate hike dictated by market By\ Siow Li Sen NONE of the other local banks followed DBS Bank's half a percentage point prime rate hike to 6.5 per cent yesterday, although DBS said its move was
      566 words
    • Article
      Asian turmoil: leaders partly to blame, says SM
      473 2  -  Some reacted to cruris as if they're living in the 1950s From* Chuang Peck Ming in Hanoi THE Asian currency turmoil is partly brought about by leaders who still live in the past, Senior Minister Lee Kuan Yew said yesterday. Not naming
      473 words
    • Article, Illustration
      Golf winners get to watch top players
      284 2 THE two lucky winners of a nine-hole tourney held yesterday during The Business Times/Johnnie Walker Golf Clinic at the Orchid Country Club will get to rub shoulders with top golfing names at the 1998 Johnnie Walker Classic in Phuket, Thailand, in January. Joseph
      284 words
    • Article
      New formats for Citibank/BT golf league
      319 2  -  By Annette Pan THE third season of what's now known as the Citibank/ The Business Times Corporate Golf League will feature new formats to move it away from the element of competition. "Basically, this is a networking opportunity, and golf (which is a social
      319 words
    • Article
      Postipannki of Finland closing down its S'pore office
      339 2  -  Move result of HQ merger and Asian currency crisis By i Catherine Ong POSTIPANNKI Ltd. the post office savings bank of Finland, is closing down its office in Singapore, casualty of a merger in its home country and the Asian currency crisis.
      339 words
    • Article
      Degussa unveils plans to invest lb marks
      263 2  -  By, Audrey Tan THE projected economic slowdown in Asean is no deterrent to German chemicals giant Degussa, which yesterday unveiled its plans for Asia in the next five years. Executive board deputy member Manfred Spindler said the group expects to invest one billion
      263 words
    • Article
      Mobile phone, paging networks break down
      284 2  -  By 1 Teh Hooi Ling IN A repeat of an incident in July this year, all the mobile phone and paging networks, except part of Sing Tel Paging's, broke down yesterday afternoon. In a statement last night, Singapore Telecom said: "Both SingTel's interconnect switches
      284 words
    • NEWS Roundup
      • Article
        jaeger-LaCoultre donates $10,000 to KK
        45 2 SWISS watchmaker Jaeger-LeCoultre has made a donation of $10,000 to the Kandang Kerbau Hospital in aid ofKK's Women's Oncology Fund. The donation ties in with ths launch of its new collection of women's watches in Singapore, the Reverso Duetto range.
        45 words
      • Article
        Mobil sponsors $16m scholarship
        47 2 MOBIL Oil Singapore has sponsored a $16 million scholarship programme, to be administered by the Economic Development Board (EDB), aimed at nurturing local talent for Singapore's chemical industry. Mobil and EDB also plan to develop programmes in support of medical and environmental technology.
        47 words
      • Article
        MOE to form 5 more school clusters
        48 2 THE Ministry of Education said yesterday that it will form five more school clusters in January, adding to the four created in the pilot scheme this year. The scheme allows schools greater autonomy in areas such as finance and personnel management
        48 words
      • Article
        SCCI latest directory now available
        30 2 THE latest directory of members of the Singapore Chinese Chamber of Commerce Industry is now available for $60 from the Secretariat at 47 Hill Street.
        30 words
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      149 2 CRYPTIC CROSSWORD about to start again 28 Standards Eric and Rita rein- rmrar stated (8) 16 ne makin 8 an agreement YEBTERDAYTS SOLUTION with a shopper in the base- raiuiouiuiAlAlMMildlßlfclElbl DOWN ment (9) VM\|| |>f iSaUorright instated) 17 Crazy taking one drug 2 Editing colourful deed (9) another (8) B
      149 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      108 3 A TSJora <«• EDB c, Singapore's QT^lting g I Sp/ril -v V -l >\i| -V JP 'Vj *k oO A A f* If Hi rutiw. ML *4 wVI JH mM "H !r «Pi wMM Iw Jjk'Pi > 'Aa JkA jjH f\\ 4 F I fW Bk i 3 ||S jBLV
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        586 4 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa Securities. Deutsche-Morgan Grenfell, Fraser Securities. GKGoh. ING Baring Securities. Kim Eng Securities. Indosuez WI Carr Metro Holdings ♦(Sell) BZW Pacific Union, Nov 27, $3.12 September 's interim results were significantly below
        586 words
      • Article, Illustration
        In My Opinion
        482 4  -  Madeleine Lee managing director Commerzbank Asset Management Asia Ltd 44T NVESTORS in Asia I have had a love affair X with equities for the last 10 to 15 years. But in the last six months, the emotional tap has been abruptly turned off. Have investors fallen out
        482 words
    • Article, Illustration
      Lock icon Taking a long-term view
      1329 4  -  Successful fund managers' purchases are at their highest when markets are at their lowest By Shiv Taneja [SINGAPORE] FOR many investors who bought Asian equities at tne peak of the market a few years ago, the constant refrain from your broker or fund manager to "average
      Source: Peregrine  -  1,329 words
    • Article, Illustration
      Lock icon Waiting for dips in stocks
      796 4  -  BYE OK THE REGION: HONGKONG Currency peg and interest rate trend hold key to decision to invest in HE By< Quak Hiang Whai WHEN investing in Hongkong today, you have to decide on two things: First, will the Hongkong currency peg hold in the near
      REUTERS  -  796 words
    • Article
      ACU DEPOSIT RATES
      646 4 Bank of China m$ 25.000 249.999 4 9400 ***** 7.4400 A$ 250.000 500.000 4.9400 6.7600 7.5600 «0M 49.999 4.4375 4J125 4JI25 50.000 Above 4.5625 4.4375 4.4375 500,000 2.499,999 12.500 12 3800 12.6300 Omk 2 5 mil 4.999.999 ***** 12.5000 12.7500 10,000 49,999 2.9375 2.9375 3.0000 |nd R
      646 words
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  • MARKETS IK TURMOIL
    • Article
      Lock icon Hashimoto planning talks on financial system: report
      387 5 Reuters Bloomberg AFP [TOKYO] Prime Minister Ryutaro Hashimoto and former prime minister Kiichi Miyazawa are planning to discuss ways to stabilise Japan's financial system today, Jiji news agency reported yesterday. A spokesman for Mr Miyazawa's office said nothing had been arranged yet as
      Reuters; Bloomberg; AFP  -  387 words
    • Article, Illustration
      Lock icon Asia valued lowest of three emerging market regions
      345 5 Index shows it's no longer primary focus for emerging market investors FT [LONDON] Asia now has the lowest value of the three main emerging stock market regions, having been overtaken not only by Latin America but by the Eastern Europe, Middle East
      FT; REUTERS  -  345 words
    • Article
      Lock icon Japan to probe trading after bank shares dive on rumours
      354 5 Move follows call by some banks for investigation Reuters [TOKYO] Japan is moving to investigate recent trading in financial sector shares after some Japanese banks urged a probe of market rumours which they called groundless and blamed for a nosedive
      Reuters  -  354 words
    • Article, Illustration
      Lock icon KL reversing policy on labour intensive industries
      508 5 Bernama ITOKYO) Malaysia has halted its policy of discouraging la-bour-intensive industries dependent on foreign labour. But this policy change only applied to export-oriented industries, said Prime Minister Mahathir Mohamad yesterday. This decision is seen as a measure to attract more direct foreign investments
      Bernama  -  508 words
    • Article
      Lock icon Malaysia's Q3 GDP growth slows to 7.4% from 8.4%
      710 5 Growth in second half expected to stay at relatively high 7.4-7.6%, says Anwar Reuters AFP Bloomberg [KUALA LUMPUR] Malaysia's gross domestic product (GDP) growth in the third quarter of 1997 moderated to 7.4 per cent from 8.4 in the second quarter,
      Reuters; AFP; Bloomberg  -  710 words
    • Article, Illustration
      Lock icon S Korea asks for Tokyo's help; stocks, won collapse
      516 5 AFP [SEOUL] South Korean Finance Minister Lim Chang Yuel flew to Tokyo yesterday to solicit Japan's help in an IMF bailout, as the markets took a fresh battering and the country's credit rating was downgraded by Moody's. The main stock market
      AFP; AFP PHOTO  -  516 words
    • Article
      Lock icon Daim sees foreigners returning to KL bourse
      417 5 Prices so low investors should rush in to bqy, he says Reuters [KUALA LUMPUR] Economic adviser to the Malaysian government Daim Zainuddin was quoted yesterday as saying he was confident foreign investors would resume buying on the nation's stock market. State news agency
      Reuters  -  417 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      27 5 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. t Call CJLT.S. at 1800-737-1166. Another Classified Service
      27 words
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  • REGION
    • Article
      Lock icon Democrats in HK drop out of elections, call contest a sham
      314 6 HONGKONG Reuters HONGKONG'S most popular political party said yesterday it gave up its bid for seats in China's parliament because the contest was "a sham". The decision has left the contest entirely in the hands of Beijing-controlled candidates, with
      Reuters  -  314 words
    • Article, Illustration
      Lock icon Sharif trial disrupted by angry demonstrators
      265 6 ISLAMABAD AFP SUPPORTERS of Pakistan Prime Minister Nawaz Sharif stormed into the Supreme Court building yesterday to halt his trial on contempt charges. Hurling abuse against Chief Justice Sajjad Ali Shah, they broke through security at the main entrance. Chief Justice Shah, at the
      AFP  -  265 words
    • Article
      Further slowdown seen for HK as Q3 growth slackens
      527 6  -  HONGKONG But govt sticks to 5J>% forecast for '97 due to strong lst-half growth By. Loh Hui Yin DRAGGED down by poor receipts from tourism and moderate growth in exports, Hongkong's economy slackened in the third quarter, with warnings of a
      527 words
    • Article
      Philippine growth in Q3 falls to 4.9%
      373 6  -  MANILA By. Al Labita THE Philippine economy, pummelled by Asia's currency upheaval, slowed in this year's third quarter, with gross domestic product growth falling to 4.9 per cent from 6.1 per cent a year ago, a government official said yesterday. "The currency crisis,
      373 words
    • Article
      Lock icon Cheung Kong price cut makes homebuyers wait
      458 6 HONGKONG Hongkongers wonder if more discounts are on the way: analysts Reuters CHEUNG Kong (Holdings) Ltd's decision to cut prices at a luxury development by 20 per cent may be the start of a vicious circle as property buyers hold off, wondering whether
      Reuters  -  458 words
    • Article
      Lock icon Wheelock wants fee discount
      61 6 HONGKONG AFX Asia WHEELOCK and Co Ltd has reportedly asked the government to cut its land premium payment for the Kowloon Station Package II development by 40 per cent, the Hongkong Economic Times reported. The newspaper said Wheelock requested a new land premium payment of HK$2,BOO
      AFX Asia  -  61 words
    • Article
      Taiwan candidates turn to 'Spice Girls', vote-buying in local polls
      496 6  -  TAIPEI Elections today seen as crucial in rnn-np to 1998 parliamentary, presidential contests By Bruce Cheesman TAIWAN'S "Spice Girls", the Opposition's tamer version of the raunchy UK rock group, proved a tough act for the ruling Kuomintang (KMT) to follow
      496 words
    • Article
      Moody's cuts Thai credit ratings again
      626 6  -  BANGKOK Another downgrade will reduce Thai debt to junk bonds By'. Harish Mehta IN YET another ratings blow for Thailand, Moody's Investor Service downgraded the country's credit rating to one notch above junk bond level, and warned that domestic political conditions may slow progress
      626 words
    • Article
      Analysts still gloomy on Thailand despite positive data
      344 6  -  BANGKOK Recession severe, cnrrent account still in the red, they say By: Harish Mehta DESPITE good news in the latest Thai economic indicators out yesterday, analysts said the economy was in the grip of a severe recession, with the current account still
      344 words
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  • REGION/WORLD
    • WORLD Watch
      • Article
        Lock icon Japan on employment reform
        91 7 AFP [KOBE] The G-8 industrialised nations discussed how to fight unemployment at a jobs summit here yesterday, with employers saying a job for life can no longer taken for granted. "It is extremely important to reform the structure of the old system and to improve the
        AFP  -  91 words
      • Article, Illustration
        Lock icon Prada dolls up Barbie
        49 7 Reuters [MILAN] An image of a Barbie doll, dressed in an outfit designed by Prada, being projected behind a Christie's auctioneer in Milan on Thursday. A collection of Barbie dolls, dressed by international designers, went under the hammer to raise money for breast cancer. Reuters
        Reuters  -  49 words
      • Article
        Lock icon Daewoo delays French project
        118 7 AFP [METZ, France] South Korean group Daewoo has decided to delay investment in Lorraine, north-eastern France, to study new government social policies, notably the move towards a 35-hour working week, a regional administration source said yesterday. Work on a factory at Thionville to produce TV tubes,
        AFP  -  118 words
      • Article
        Lock icon More sackings ahead; Yeltsin
        96 7 Bloomberg [MOSCOW] Russian President Boris Yeltsin said he may sack more ministers after a cabinet meeting on Dec 1. Mr Yeltsin, speaking in a weekly radio address, said he's prepared to make further changes to the government after dismissing Anatoly Chubais as finance minister last week.
        Bloomberg  -  96 words
    • Article
      Congress pulls out of coalition forcing Indian govt to quit
      385 7  -  NEW DELHI Party planning to form secular govt, says its leader By. Rajendra Bajpai INDIA'S opposition Congress party decided last night to withdraw support for the 18-month-old United Front coalition government and stake its own claim to leadership. Congress party
      385 words
    • Article
      Lock icon US personal income, spending post good gains in October
      386 7 WASHINGTON Low jobless rate, high consumer confidence may lead to healthy Christmas spending Bloomberg US personal income and spending both posted healthy gains in the weeks leading up to the Christmas shopping season, the government said yesterday, a positive sign for
      Bloomberg  -  386 words
    • Article
      Lock icon Sweden wants end to tax havens
      105 7 OSLO FT THE Swedish government plans to press European finance ministers next week to adopt a new taxation code that could force member states to abolish offshore tax havens or enterprise zones offering tax breaks to companies. Sweden regards tax havens as an anomaly
      FT  -  105 words
    • Article
      Lock icon Asian woes: less than 1% US growth fall seen
      279 7 HONGKONG AFP THE Asian financial turmoil is likely to cut US gross domestic products (GDP) by less than a percentage point, New York Federal Reserve vicepresident Peter Fisher said here yesterday. Mr Fisher said at the 19th Asia Pacific Financial Markets
      AFP  -  279 words
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      Page 7 Advertisements Column 1
      175 7 MTWIN TOWERS SEA-VIEW CONDOMINIUM INVESTMENT BECKONS IN THE PEARL OF THE ORIENT, TANJUNG BUNGAH, PENANG LUXimOUS CBNDOMNUMS Standing majestically by the golden beach of HbJ| I j ■m kT J Tanjung Bungah, RATU MUTIARA TWIN TOWERS is a cosy hideaway which embodies the true essence of luxurious living and a
      175 words
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      Page 7 Advertisements Column 2
      51 7 K.L. CITVS ONE-STOP COMPUTER, ELECTRONICS ELECTRICAL CENTRE i fIS I nr-i COME TO OUR EXWmON ON 29TH A 80TH NOV. 1987 AT THE SNWOK 80NTEC CHIRE (SUNIEC BTY) LfVB. 8, ROOM 809 TME 10MN TO 7PM Tat 02- 387 2898 PMFBUY MBIT HMTV BMCIMP XHrdnl GPNP Pta. LUL T9l 02-888
      51 words
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      Page 7 Advertisements Column 3
      288 7 At Plaza Mutiara, most things are 'intelligent 1 from the concept to the building. The Concept Plaza Mutiara's outlets will sell only computer, electrical and electronic products. Retailers will benefit from the throngs of potential customers whose purchasing interests are already focused on computers, etoctrics and electronics. Plaza Mutiara in
      288 words
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  • COMPANIES & MARKETS
    • Article
      Comfort likely to lose Maserati agency
      310 8  -  By* Christopher Tan [SINGAPORE] Listed Comfort Group is expected to lose its Maserati franchise any day now, after a solitary sale in slightly over a year of distributorship. Meanwhile, Auto Asia, which recently lost its Fiat agency, is expected to take up the Kia
      310 words
    • Article, Illustration
      Lock icon HK property woes hurt Wing Tai, DBS Land
      434 8 S'pore firms looked to HE to supplement slow local market Bloomberg [SINGAPORE] When Wing Tai Holdings decided to move into Hongkong property in 1996, it was a homecoming of sorts. The Cheng family that founded the garment maker-turned-developer came from the former
      Bloomberg; FILE PHOTO  -  434 words
    • Article
      Looking for bargains ? Try Asian country funds
      733 8  - Looking for bargains Try Asian country funds HOCK LOCK SIEW Neil Behrmann BUY when there's blood on the street. It's a siren call and can be dangerous. Many investors who were over-hasty in going bottomfishing in Asian markets in the last few months must now be bleeding themselves. But such
      733 words
    • Article
      ST Capital could lose up to $30m in forex losses
      527 8  -  STIC anit also expects full-year results to show $3m-ssm losses By] Lee Han Shih [SINGAPORE] ST Capital could lose up to $30 million nearly one-third of its entire capital in foreign-exchange losses, the listed finance company said yesterday. It also
      527 words
    • Article
      QAF to review Indofood deal terms amid regional turmoil
      418 8  -  50.1% Indofood stake now worth just 35% of July agreed price By Teh Hooi Ling [SINGAPORE] QAF Ltd is reviewing and possibly revising the terms of its proposed acquisition of sister company Indofood, in view of the regional currency crisis and
      418 words
    • COMPANIES
      • Article
        Lock icon Kimisawa, drugstore chain merge
        145 9 Reuters [TOKYO] Japanese supermarket operator Hac Kimisawa said yesterday that it will merge with Wistaria KK, which operates a chain of drug and sundry shops, in August next year. Under the merger agreement, 500 shares in Hac Kimisawa will be exchanged for every Wistaria share. Hac
        Reuters  -  145 words
      • Article
        MRCB profit triples to R$ l60m on power projects
        512 9  -  Earnings at NSTP, Malakoff, TV3 also improve in line with expectations By Meera Tharmaratnam in Kuala Lumpur CONGLOMERATE Malaysian Resources Corporation Bhd (MRCB) and three of its listed units yesterday announced full-year results broadly in line with market expectations. MRCB's net
        512 words
      • Article
        BHP plans to re-align Singapore steel operations
        214 9  -  Move lets BHP focus on building products business in S'pore From Russell Baker iti Sydney AUSTRALIA'S Broken Hill Pty (BHP) announced yesterday its plans to rationalise steel activities in Singapore. BHP intends to sell its 50 per cent share in BRC Weldmesh (SEA)
        214 words
      • Article
        Thai bank goes to Taiwan to find buyers for a 25% stake
        501 9  -  Move to take up aid offer seen patting Taipei in tight spot By Bruce Cheesman in Taipei WANTED: Taiwanese financial institutions to bail out an ailing bank in Thailand. Even the most seasoned estate agent, with every possible
        501 words
      • Article
        Lock icon London exchange income drops 33%
        248 9 Bloomberg [LONDON] The London Stock Exchange said income before tax fell 33 per cent to £70.3 million (*****.6 million) in the half-year ended Sept 30 because the transfer of its settlement system resulted in lost revenue. The exchange shifted its job of settling stock trades
        Bloomberg  -  248 words
      • COMPANY Briefs
        • Article
          Lock icon SET imposes new trading limits
          151 9 AFX-Asia [BANGKOK] Stock Exchange of Thailand president Singh Tangtatswas said yesterday investors must be prepared for the impact of new daily trading limits, which will come into effect on Monday. The new trading limit on price movements will be set at 30 per cent of
          AFX-Asia  -  151 words
        • Article
          Hospital Pantai ups stake in Asia Matrix
          71 9 [SINGAPORE] Malaysian healthcare firm Hospital Pantai has increased its stake in Sesdaq-listed Asia Matrix by buying 110,00 shares on the open market at $2.0966 a share. This raises Hospital Pantai's stake to 7.62 per cent, or 2.2 million shares, from a 7.24 per
          71 words
        • Article
          Yaohan to be delisted on Dec 19
          64 9 [SINGAPORE] Tokyo-listed Yaohan Japan Corporation, which has a secondary listing in Singapore, announced yesterday that it has sought corporate reorganisation under the Corporate Reorganisation Law of Japan. Under these circumstances, the Tokyo Stock Exchange will delist the shares of Yaohan on Dec 19.
          64 words
        • Article
          TMC posts $1.5m interim profit
          75 9 [SINGAPORE] Newly-listed Sesdaq company Transit-Mixed Concrete announced net profit of $1.5 million for the first half ended Aug 31. The company did not supply the previous half-year results. For the previous full year, the group had net profit of $2.1 million. Turnover was $46.4 million.
          75 words
        • Article
          S'pore Finance names new GM
          42 9 [SINGAPORE] Singapore Finance has appointed Jeffery Chan Cheow Tong its general manager. Mr Chan replaces Lim Peng Boon on Monday. Mr Lim is also the general manager of Singapore Finance's immediate holding company, Hong Leong Finance Limited.
          42 words
        • Article
          Bonvests boosts stake in subsidiary
          54 9 [SINGAPORE] Bonvests Holdings said it has increased its stake in its wholly-owned subsidiary Colex (Singapore) by subscribing for an additional 4.4 million ordinary shares of $1 each at par for cash on Nov 28. Following the subscription, the enlarged issued and paid-up capital of Colex
          54 words
      • Article, Illustration
        Lock icon Keeping an eye out for landmines
        66 9 [TOKYO] Hiroshi Tomita, president of Geo Search, demonstrating how his newly-developed mine detector called "Mine-Eye displays a 3-D image on a computer, resembling a mine similar to the one he holds at his workshop in Tokyo yesterday. Mr Tomita plans to lease his detectors
        REUTERS  -  66 words
      • Article
        Lock icon Piltel falls 18% after Philcom scraps stock deal
        345 9 Bloomberg [MANILA) Pilipino Telephone Corp (Piltel) shares fell 18 per cent yesterday to a record low after Philippine Global Communications Inc (Philcom) cancelled plans to buy onefifth of the country's secondlargest mobile phone firm. Shares in Piltel tumbled 0.85 peso to 3.85
        Bloomberg  -  345 words
      • Article
        Lock icon P&O and Shougang to merge bulk units
        237 9 Bloomberg [LONDON] Peninsular and Oriental Steam Navigation Co (P&O) has agreed to merge its unprofitable bulk shipping unit with that of China's Shougang Group, finding a partner for the unit after an almost two-year search. P&O said each company will put their current
        Bloomberg  -  237 words
      • Article, Illustration
        Lock icon MBf's chances of buying bank improve: analysts
        798 9 Rank Negara may be more amenable with Mr Loy gone Bloomberg [KUALA LUMPUR] Till his death on Tuesday, Malaysian financier Loy Hean Heong's hope of owning a bank in his own country eluded him. It wasn't for lack of trying. The 61-year-old former
        Bloomberg  -  798 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Japanese big insurers brace for poor results
        440 10 Industry blames Nikkei's slide and cancellations by customers Reuters [TOKYO] Japan's eight big life insurers are braced for poor business results for the current business year because of the Tokyo stock market slide and cancellations by individual customers, industry sources said. On Thursday,
        Reuters  -  440 words
      • Article
        Lock icon Dresdner raises provisions in response to Asian crisis
        350 10 Reuters [FRANKFURT] Germany's Dresdner Bank AG has raised its provisions against bad debt in response to the crisis gripping Asia, but is nonetheless confident it will notch up good profits this year, its chief executive said. Juergen Sarrazin told financial reporters in
        Reuters  -  350 words
      • Article, Illustration
        Lock icon US$ on short-term bull run?
        406 10 USS/marlu The US dollar took a brief dip to 1.7295 on Monday before reversing to trade higher each day, touching 1.7687 by Thursday. It then eased to trade around the 1.7630 level yesterday morning. The short-term picture suggested further gains as a bullish inverse head
        Source: DBS Bank  -  406 words
      • Article
        Lock icon Barclays closes BZW's equity ops in Japan
        388 10 It will fire 115 staff, business to focus on asset management Reuters Bloomberg [TOKYO] Barclays pic yesterday closed down the equities business of its investment banking subsidiary BZW in Japan. The closure will affect about 100 employees in Japan, reducing the number of
        Reuters; Bloomberg  -  388 words
      • Article
        Lock icon Euroyen higher as cash squeeze eases
        229 10 rum riii Report Reuters (SINGAPORE) Simex Euroyen futures rallied back strongly yesterday after the Bank of Japan acted to end a severe squeeze in short-term money rates. The crisis in Japan's financial system had pushed Japan's overnight call rate sharply higher earlier in the
        Reuters  -  229 words
      • Article
        Futures trade higher in thin market
        161 10  -  MSCI TAIWAN FUTURES By Perry Gilbert ry Gilbert, vice-president, Refco Singapore Pte Ltd [SINGAPORE) The Simex MSCI Taiwan Stock Index futures contract traded higher over the session with the discount in the January '97 contract to MSCI cash index narrowing from minus 7.3 to
        161 words
      • Article
        Lock icon Oil prices static on Iraq, Opec concerns
        231 10 ENERGY REPORT Reuters [LONDON] Apprehension over a rise in Opec output levels and uncertainty over Iraqi exports kept world oil prices largely static yesterday. Traders said activity was muted by the US Thanksgiving Holiday, which has shut the New York futures market until
        Reuters  -  231 words
      • Article
        Lock icon CURRENCY REPORT
        279 10 Reuters AFP London THE dollar gyrated within narrowing ranges against the mark and yen in late European trade yesterday, dulled by Thursday's US holiday which saw a lively week in the forex market end with a whimper. Profit-taking took the dollar off early session peaks, just shy of
        Reuters; AFP  -  279 words
      • Article, Illustration
        Untitled
        1396 10 IMTB1BAWK CROSS EATBS Nw28 A$ C$ !■> ECU FIT 9m m V Wm M «2$Nfcf» H» S$ land Sfr WT$ »Ht NwK USS Australia 0.970 (.171 0.606 4.017 1200 5.261 26.305 24.840 0.869 7.959 2.386 1109 30.023 23.704 1.084 1303 0.969 ***** 27.498 0.406 0.681 Canada 1031 5.824 0.624 4.141
        1,396 words
    • SEAS Trend
      • Article, Illustration
        Lock icon Tackling the problem of state-owned enterprises in China
        1406 15  -  China's leaders now seem determined to confront the SOE problem head-on. John Wong explains the implications of SOE reform to the Chinese economy John Wong Professor John Wong is Research Director, East Asian Institute, National University of Singapore. IN the recently concluded
        AFP  -  1,406 words
      • Article, Illustration
        Thailand: strong public commitment to reform
        961 15  -  Public support for the IMF package and the new constitution give reason for longer-run optimism but Thailand must first overcome the perception that it is in crisis By, John Funston DrJohn Funston is a Senior Fellow at the Institute of Southeast Asian Studies. THAILAND'S
        961 words
      • Article, Illustration
        Lock icon The smoke that didn't go away
        1122 16  -  Jakarta's acceptance of responsibility for the forest fires and its decree that fire should not be used for land clearance are major steps in dealing with the haze problem. The question now is one of implementation, says Robert ronton Robert Fenton Dr Robert Fenton
        REUTER  -  1,122 words
      • Article
        Culture: The question of rights and wrongs
        959 16 Stephanie Lawson comments on cultural rights in the context of the debate on values HUMAN rights debates in the Asia-Pa-cific region have long been dominated by perceptions of essential differences between "Asia" and the "West", especially in relation to the basic cultural values
        959 words
      • Article, Illustration
        Lock icon Clinton-Jiang summit: an important first step
        970 17  -  William BoddeAr examines bow Chinese President Jiang Zemin's visit was received in the United States William Bodde Jr William Bodde Jr. a retired US ambassador, was the first Executive Director to Apec in 1993. THE recent Clinton-Jiang summit was a very important first step
        REUTER  -  970 words
      • Article
        Telling China how it is
        855 17  -  Convincing China that the new US-Japan security guidelines are defensive will continue to prove difficult but Bering needs to be constantly assured by Washington and Tokyo By\ Maree Reid Dr Maree Reid is with the Strategic and Defence Studies Centre, Australian National University. LAST month's
        855 words
      • Article, Illustration
        An energy treaty for North-east Asia?
        1022 17  -  A North-east Asia energy treaty would improve energy supply and security, yield important ftnpjpflnniAntAl benefits and create major business opportunities By Mark J Valencia Dr Mark J Valencia is a Senior Fellow at the East-West Center, Hawaii. PORTY-ONE countries and the European Community signed
        1,022 words
      • Article, Illustration
        Lock icon Independent India at 50 — daringly democratic
        1670 18  - Independent India at 50 daringly democratic India, with all its problems, has persisted with the democratic experiment Kripa sridharan explains why this is an important achievement Kripa Sridharan Dr Kripa Sridharan is a Lecturer in the Department of Political Science, National University of Singapore. Reflecting on a country's triumphs and
        REUTER  -  1,670 words
      • Article, Illustration
        Lock icon Cultural tourism and archaeology in Vietnam
        1864 18  -  Developments in the region, especially Cambodia, affect Vietnam's tourism industry By ian C Glower Dr lan C Glover is Emeritus Reader in Southeast Asian Archaeology, Institute of Archaeology, University College, London. IN the *****, tourism has become increasingly specialised and, together with eco- or
        REUTER  -  1,864 words
    • Article
      COMMODITY PRICES
      1832 19 S1C0M FUTURES Nov 28 RUBBER (tuturw closing *t 5.30pm) RSS1 CONTRACTUS ctotsAQ) Close VotoM Open Month High Low Sett (tonnes) Interest Dec 97 125.25 Jan 98 126.00 745 Feb 96 127.50 920 Mar 98 129.00 1470 Apr/Jan 98 135.00 ***** Jtfftcp 98 MO.OO 3075 Oct/Dec 98 143.25 3000
      1,832 words
    • Article
      WORLD STOCK MARKETS
      2302 19 LONDON Mistrials 28 Hki 31 Group 488.400 3 AB Ports 281 .600 AM** National 938 -8.400 Allied Domecq 534 1 Amec >26 -1 Asda Group 159.600 .200 BATInd 532 -5 BG PIC 283 11.600 BICC 156 .600 BOC Group 945 -7.230 BR Petroleum 810 -2 BTR 205.400
      2,302 words
    • Article
      Lock icon TOKYO
      1656 19 Bloomberg PHitta 225 +33.06 JAPANESE stocks rose for a third day as investors bid up shares in banks and brokerages on expectations that the government will use public funds to stave off a financial industry meltdown. Former prime minister Kiichi Miyazawa echoed repeated calls for the government to use
      Bloomberg  -  1,656 words
    • Article, Illustration
      Lock icon HONGKONG
      1575 20 Reuters Q Hang Seng -5118 STOCKS closed lower yesterday despite a late afternoon rally dispelling some of the gloom generated by the slashing of property prices by developer Cheung Kong, but brokers said buyers could be back next week. The Hang Seng Index closed 56.18 points lower at 10,526.92.
      Reuters  -  1,575 words
    • Article, Illustration
      Lock icon CHINA
      630 20 Reuters n Shenzhen B Index -L 64 CHINA'S hard currency B shares flirted with new 1997 lows yesterday, closing down as foreign investors sold their holdings or kept to the sidelines. Shenzhen's B Share Index ended at a new 1997 closing low, while Shanghai's B Index hit a new
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  630 words
    • Article
      Lock icon TAIPEI
      395 20 AFP □wp Index +35u04 STOCKS finished 0.5 per cent higher yesterday on bargain hunting by investors who expect share prices to rally after local elections at the weekend, dealers said. "Expectations of post-elec-tion rallies attracted bargain hunters to step in while keeping sellers at bay," said Cooper Liao of
      AFP  -  395 words
    • Article, Illustration
      Lock icon BANGKOK
      828 20 AFP d SET Mat -3J6 THAI share prices closed one per cent weaker yesterday after a roller-coaster day saw sentiment hit by a Moody's downgrade of Thailand's sovereign debt, dealers said. The market, however, closed off its lows after the central bank issued monthly economic data, including increased export
      AFP  -  828 words
    • Article
      Lock icon MANILA
      305 20 AFP Q Manila +1058 SHARE prices rose 0.6 per cent yesterday as investors nibbled on blue chips, analysts said. "There's been a bit of accumulation regarding these blue chips. The recommendation is the bluest of the blue chips," said Adrian Garcia of Capitol Securities One Inc. The Composite Index
      AFP  -  305 words
    • Article
      Lock icon SEOUL
      423 20 AFP n Composite ladei -2L19 SHARE prices plunged 4.9 per cent to a 10-year low on the Korea Stock Exchange yesterday, with financials leading the downswing across the board on concerns over IMF retrenchment plans, dealers said. They said nervousness over increasing loan defaults spilled negative sentiment among blue
      AFP  -  423 words
    • Article
      Lock icon SYDNEY
      593 20 AFP AD Ordinaries +18 AUSTRALIAN stocks made marginal gains yesterday, with trade stalled by the Thanksgiving holiday in the United States which deprived the local market of overseas leads, brokers said. The All Ordinaries Index, edged up 2.8 points to 2,465.1. National turnover totalled 427.3 million shares worth Asl.6
      AFP  -  593 words
    • Article
      Lock icon WELLINGTON
      258 20 AFP C! 1 Wellington -0.48 STOCKS closed yesterday virtually unchanged from the previous day as profit-taking wiped out early gains. The NZSE-40 Index was down 0.48 point to 2,297.52 on moderate turnover of NZ$B9.4 million. Telecom Corp rose six cents to NZ$B.32. —AFP ■e. M (OOP) ANZ Banking K>-K)
      AFP  -  258 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares see-saw on a string of rumours
        566 21 Reuters CI Composite Index -4iEO SHARE prices retreated sharply in the afternoon, but recovered much of the losses just ahead of the closing, dealers said yesterday. They said the see-saw activity was triggered by a string of rumours in the market and comments
        Reuters  -  566 words
      • Article
        Untitled
        8537 21 MDUSTMAIS Cmsmmt profects l»*7 Last Val Oay Nat Cap Mm> L— Ciniliy »a>e 'POO HHI> I— 790 220 Ajinomoto 240 9 1 240 240 13.3 JJJ I 448 130 Angkasa 141 1 132 147 141 4.2 207.9 905 245 Apollo food Hlq 270 2 270 267 7.9 106.0 765 248
        8,537 words
    • WARRANTS & OPTIONS
      • Article
        Kim Hin wrt: virtually worthless
        193 22  -  WARRANT WATCH By] R Sivanithy REGULAR readers will know that occasionally, Malaysian firm Kim Hin Industries' warrant is featured in this column, mainly because of its huge conversion premium. This used to be around 200 to 300 per cent; however, because the underlying shares have
        193 words
      • Article
        Untitled
        3830 22 BONOS, LOANS ft WARRANTS wt 1997 Last Vol Day Lilt Ouata A<« High Law StM Company Sala ♦or- COOO) High Low Buyor Sollor Prtco 68 17 m 3000 mAMD8c5.SH*****6 18.5 -0.5 140 20 18.5 18 19 81 15 3160 A Acor *(*****1USS 17.5 *1.5 244 17.5 16.5 17 18 131
        3,830 words
    • Article
      CLOB INTERNATIONAL
      2395 22 MALAYSIAN STOCKS Or Gr 1997 Last Vol Day LMt Quote Dtv Dtv W Ml M Cap High Loo Stna Company Sat* (*000) High Law Buyer Seder Cvr P/E Smil 478 76 ms 5000 AlSBSOc 80 cd -2.5 297 83.5 78.5 79.5 81 5.0 3J 14 31.0 82.1 137
      2,395 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1504 23 TURNOVER COOO) VAlUf ('OOO) S* T— 2SSL SKS W Tffi "SSS 38 1H* HMtto 3.014 942 3.9*0 3.951 M3 <344 11,204 14,035 25,241 44.255 MH 50,470 Mantrtan M2I 3,821 2.435 MM MMn« SV4 M4 400 400 H.W 5,02a 9,347 *4,419 1,120 3.J43 4,2*3 T«w 97.450 44,544 142.434 304.439 45.941 352,400
        1,504 words
      • Article
        MAIN BOARD
        5098 23 Or Or M Wt 1997 Last Vol Day Lut Onoto Dhr CHv YM Not Cm Avf Mgh Ln stNa Company M COOOI Hm> t— Bmyt SaBac Cvr P/l $«dl^Prted IHOUSTVtALS 157 34 t 1020 ACE Dvnamics60c 34 -4 48 37 34 34 37.5 27 8 36 5146 ASC
        5,098 words
      • Article
        SESDAQ
        1192 23 Or Or Mm ItfT Last Val Day La«1 Ow*i CM* Mv YM Mat Cap A*« HtpK Law StMa C»wa«i»y taf COOOl HtpO La» >ggr Sa6ar Cw Pft tH Prlca fftPflO 186 76 0 2000 AM kwq* Sc 142 -2 42 MS Ml M2 Ml J O 6.0 0.1 202
        1,192 words
      • Article, Illustration
        HOT STOCK
        70 24  -  -by Shiv Taneja Asia Food Prop closed one-and-a-half US cents lower yesterday at 24 US cents on a volume of 2.91 million shares, compared with its lOday traded average of 2.35 million units. Both the daily and weekly RSI and stochastics are trading well below the 25 level,
        70 words
      • Article
        Untitled
        222 24 Stacks Vefawe SingTel 15c 12.431,000 IPC Corpn 5c 8,212,000 *lmovest BM 5,962,000 Progen 4,977,000 'Reiiapacific B 4473.000 •RHB Cap Wt99 3.802,000 *Sime Darky 50c 3.514.000 'Magnum Corp 50c 3.193,000 DBS Land 2.920.000 Asia FoodfcProp 2,917,000 Stacks SingTel 15c 37.831,218 DBS Foreign 24,500,815 OCBC Foreign 23,159,599 SiA Foreign 22,921,129 UOB Foreign
        222 words
      • Article, Illustration
        Property stocks slacken as other blue chips shine
        511 24  -  STOCK MARKET COMMENTARY Little direction from overseas with Wall Street holiday closure; KL bourse fail* to sustain early rise By R Sivanithy [SINGAPORE] Weakness in property stocks but unexpected strength in other local blue chips was the main feature in the market
        511 words
      • Article
        Clarification
        163 24 WE refer to the stock market commentary entitled "Property saves the day as KL fall still causes concern" published in our Nov 27,1997 edition. The article states "Despite widespread acknowledgement that most of the Malaysian market is also trading below asset values, stocks there continued to come under pressure.
        163 words
      • ON THE GRAPEVINE
        • Article
          On the move
          78 24 LESS than two months after Mark Browning, the former investment marketing director of fond manager AIB Govett, quit we hear that Leonie Yoong, who used to work with him, has also decided to move on. The word is she is going to join Templeton Asset Management. AIB
          78 words
        • Article
          Richer in 10 years'time
          127 24 WHILE many spent their time last month keeping an eye on the 10th anniversary of Black Monday the day when the Dow fell 508 points <m Oct 19,1987 others were blissfully counting their gains. As the Equity Focus group of Prudential Securities pointed out, the Dow
          127 words
        • Article
          Hammer time
          94 24 TO RAISE the profile of a client Which is launching an EPO, a merchant banker suggested the idea of a corporate song. For Twinwood Engineering, which makes piling hammers, the choice was the 1960s hit song If I had a Hammer. So at the IPO launch, the banker
          94 words
        • Article
          Seen better times
          89 24 A FOREIGN banking analyst who had worked seven years in New York thought he would give Singapore a try- Alter all, this is the heart of the growth region, and the Wall Street bull party has gone on long enough or so he thought His timing was
          89 words
        • Article
          In the dog home
          118 24 A NEW ZEALAND firm has found another use for politicians—as a toy for dogs. The firm, Masterpet, is introducing a rubber doll modelled after unpopular Deputy Prime Minister and Treasurer Winston Peter which can be used as a chewable toy for dogs. "We used natural super
          118 words
        • Article
          Agent trouble
          87 24 HONGKONG property agents could be an endangered species, going by some rumours making the rounds there. The housing market there has slumped since the government said it would build 85,000 units a year to promote home ownership. j§ Talk is rife that housing prices could fell by 20
          87 words
        • Article
          Oops
          41 24 IN THIS column yesterday, we implied that LB Development (S) at City House is owned by City Developments or its executive chairman Kwek Leng Beng. We've since learnt that this is not the case. We are sorry for the error.
          41 words
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      122 8 ft* matahari PT MATAHARI PUTRA PRIMA Tbk Indonesia's Premier Retailer 3RD QTR 1997 (unaudited) Nine months ended 30 September (In Rupiah Billion) 1997 Increase Revenue Rp 1,536.5 11 Gross Margin Rp 499.0 19 Operating Profit Rp 104.7 33 Net Profit After Tax Rp 29.0 (19) "Third quarter results demonstrate that
      122 words
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      149 11 I Innovative Solutions Total Communication Breakthrough Achievements An ISO 9001 Certification Affirms n^r|. a\ I Our Commitment In Transforming ffanS mI Ourselves To Provide You A One-stop, y w_y jS Full Service Advantage J&L I In Global Communication vpSi I press Pte is synonymous with the element of speed, a
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      359 12 |gb I i Innovative Solutions Total Communication Breakthrough Achievements An one-stop Web Site Management Internet and Intranet Solutions JH|r Multimedia Digital Library System V r I -j^t SB JMM^BBK^ JH IU /fvv /iWnF# SM ta-MrKH/ v ISS im M" > ftf B B 1 B mm *K| BteJl i f
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      364 13 One-stop Total Communications COMMUNICATIONS Our comprehensive scope of services include: 1 Specialist strategic planning I Business development Public investor communications 1 BHU Project management consultancy PRINTING DISTRIBUTION Offers convenient one-stop integrated services including: a Concept and design development Art direction and photography |j k/ Copywriting and translation Imagesetting and press
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      313 14 I Innovative Solutions Total Communication Breakthrough Achievements I k hi i f .NI^SI^EA The Compony is committed to o 5-point philosophy: j H Customer Satisfaction I I Business Innovation I I I Old innowriwe in fulfilling rtiose needs. fo e «pU advance, in infoannlion tedinokw I in line with our
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      134 15 OF ARTS IN ASIA PACIFIC STUDIES An internationally-recognised qualification awarded by one of the UK's premier institutions, the MA provides comprehensive coverage of contemporary business politics in China, Japan, Korea, Indochina Myanmar, SE Asia and the Pacific Rim. UNIVERSITY OF LEEDS leads 7th in research power of the UK's 191
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      363 16 Trends A monthly puMkrMtua o( the Institute of Suutlu-wt Vsuin Sfudie* The Publication Editor-in-chief ChiaSiow Yue Editor Daljit Singh Associate Editors P. Lim Pui Huen Leonard C. Sebastian Assistant Editor Ronald Kow Business Manager Leonard C. Sebastian International Advisory Committee Jose V. Abueva (Philippines) Chan HengChee (Singapore) Stephen FitzGerald (Australia)
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      69 20 Put The Straits Times Classified to work for you today. ♦The Jakarta market was closed yesterday for a holiday Looking to further your education? Don't miss Learning For Success incorporating Postgraduate Programmes every Monday in CLASSIFIED JOBS. f& I I CATS. 1 FREE! I If you have found something, you
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      96 22 INTRODUCING THE MOYADO VIZIO: Mwnaddeakrc Above Beyond .1 A POST-MODERN PERSPECTIVE ON TIME. JLSSL, 1 I TH: *****06 Bharath Watch m m j. IH iy The Movado Vizio™. TH *****29 IV Mm mM#V I f Mpn ;r\ Solid stainless steel or steel/18K gold. 2f^?SS alchCaitrf IVlv Jv J Scratch-proof hard
      96 words
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      93 23 50fTI of, Jk I SOfT FIRST COVIR 1 X Highnpjtiondistone6cour392diwyiw I jHpThe Ultimate Distance Ball. repuition con "Jh e gradual change in softness from the centre to the outside allows the ball to maintain and convert restoration energy (from ball compression) into the ball's initial velocity. Also, Bridgestone's patented high
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      2437 24 BUSINESS Notices To advertise caU t0,, free 1800-*****83 IN THE MATTER OF THE COMPANIES ACT (CHAPTER AND IN THE MATTER OF LIMTON INDUSTRIES A TRADING PTE LTD (IN MEMRERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant lo Section 308 of the Companies Act. Cap. SO that
      2,437 words
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      Page 24 Advertisements Column 2
      123 24 j "My friends were talking about the adventure camp to Pulau Karimun they had read about in Cats' Mews. I don't want to be leftout -1 read Cats' Mews every Sunday now." Yeo Sam Jay, secondary four student ORICOLOR LABORATORY PTE LTD (In MMB hen' Voluntary Liquidation I NOTICE OF
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      373 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INDENCO DISTRIBUTOR PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of INDENCO DISTRIBUTOR PTE LTD duly convened and held at Blk 1 Pasir Panjang Wholesale Centre #03-05 West Coast Highway Singapore
      373 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Put your best face forward
      1654 25  -  Not everyone's a natural in front of the TV camera, but hope is at hand for company spokespersons wishing to project the right image, bek mowmw reports BEN MUNROE LIKE it or not, we live in an age of globalisation, in which the combined forces
      PHOTOS BY ERIC CHU  -  1,654 words
    • STRAWS In The Wind
      • Article
        Un peu excessif?
        74 25 A LEADING club in the city is promoting the recent arrival of Nouveau Beaujolais. Much to the embarrassment of a member lunching at the club recently, the server at his table uncorked the bottle and rather ceremoniously left the cork by his side. Given that the wine
        74 words
      • Article
        Sorry, wrong shop
        73 25 BORDERS' boast of being the bookshop with the widest selection of titles in the whole of Singapore has impressed at least one parent. One crowded Saturday at the store, a woman was overheard telling her friend that she was looking for Chinese assessment textbooks for her child.
        73 words
      • Article
        Lethal weapon
        70 25 KIWI politician Winston Peters has his share of admirers and detractors but based on latest opinion polls, the latter seems to overwhelm. We received this e-mail from Auckland: "The Allies have decided to take action against Saddam Hussein. The Americans are sending 10,000 troops and two aircraft carriers.
        70 words
    • VIEW POINT
      • Article
        Singapore's very own angels of mercy
        895 26  -  COMMENTARY The Assisi Home and Hospice cares for the terminally ill, even if some others don't. And it deserves more help By] Larry Wee DEALING with the pain, despair and death that follows those terminally ill with cancer is a job few will care
        895 words
      • Article, Illustration
        Lock icon Lessons from the past
        1194 26  -  M&C Saatchi is two years old, debt free, and determined to avoid the mistakes made by Saatchi Saatchi in the '80s. Founding partner Bill Muirhead talks to ben mumkob about the new agency's leaner, more decentralised approach BEN MUNROE SINCE helping Margaret Thatcher's Conservative Party sweep
        CHRIS LOH  -  1,194 words
      • Article
        Thriving on ill-gotten gains
        886 26  -  BOOKS Blood Money: The Swiss, The Nazis And The Looted Billions By Tom Bower Published by Pan Reviewed by Kevin Sullivan IN Blood Money, investigative journalist Tom Bower tabulates half a century of documents relating to "an unprecedented theft committed by the apparently respectable citizens of
        886 words
    • PURSUITS
      • Article, Illustration
        Riding out the revolution
        1152 27  -  The fortitude which saw Zeng Shanqing through the dark years of his career now shines through his paintings of horses and figures, says hkm mumroe BEN MUNROE LIFE has not been easy for Beijing-born artist Zeng Shanqing, who suffered under the Cultural Revolution, and emerged from
        1,152 words
      • Article, Illustration
        Feng shui and the currency crisis
        719 27  -  BELIEFS Raymond Lo can tell yon a thing or two about being in the right place at the right time By' Tan Su Yen THE TURBULENCE in the regional markets has been written in the stars, says Hongkong feng shui expert Raymond Lo. This
        719 words
    • Article, Illustration
      Lock icon A good break from the city crowd
      768 28  -  NIGHTSPOT Vie, on East Coast Road, is a chic wine bar that boasts its fair share of beautiful people By. Ben Munroe OPPOSITE the Siglap Centre, at the crossroads on East Coast Road, might seem like an odd location for a wine bar.
      SiEW YAW HOONG  -  768 words
    • Article, Illustration
      Post-apocalyptic Ripley
      667 28  -  CINEMA Too can't keep a good woman down. Sigourney Weaver's back, and better than ever, to continue her 18-year battle with intergalactic monsters in Alien Resurrection By I Susan Tsang THE ALIEN series has now spawned a fourth instalment. The good news is that, after the stillborn Alien
      667 words
    • Article, Illustration
      Tedious Himalayan ramble
      783 29  -  CINEMA Seven Tears In Tibet is a true test of patience, especially when one has to spend it in the company of a repellent Austrian mountaineer Susan Tsang It HAS been said that less is more, but is more less? In the case of Seven Years In
      783 words
    • Article, Illustration
      WHAT'S ON
      352 29  -  Compiled by M Yasotha CONCERTS Christmas With The Philharmonic Chorus Join The Philharmonic Chorus in a Christmas programme with excerpts from Handel's Messiah, carols and a Christmas sing-along. Lim Yau conducts. Dec 2, 3 4, 8.15pm at Chijmes Hall. Tickets: $15 (free seating). Enquiries: 440- 7002; Fax: 234-1775.
      352 words
    • EPICURE
      • Article, Illustration
        Lock icon The winter palate
        1357 30  -  f j. sussir tsamo savours the succulent and sometimes surprising delights of Japanese cold weather cuisiiie r i 'jk* t i SUSAN TSANG The winter season in Japan means more than just the Sapporo festival. Along with the snow and cold weather come seasonal delicacies that are
        TAKABA CRAB ERIC CHU ALL OTHER PHOTOS CHRIS LOH; PHOTOS BY CHRIS LOH  -  1,357 words
      • Article, Illustration
        Lock icon What delicious sacrilege
        414 30  -  mm® Chef Atsar Leedoes one'scomplaming Jaime Ee cter entn wjirtHTiitthen -GWe him a PeAfatf diiettfhd «$b of foie about ask but in cuisine ortiy.pt frx* new Chib XhinolsVfil J3rch*rd Parade &ihe Tung Lofc^rfct?ufsittt in, Club ChjOiolS peoVitokta irresist Ible fittip tptjtie group's gener- > to Lf«ieXhlrie»e dta&tolmagme
        CHRIS LOH  -  414 words
      • Article
        A union of two great cultures at the dinner table
        819 30  -  WINE CONNOISSEUR Not too long ago, it was deemed highly improper to match fine French wines with Chinese food. Now, it's seen as a most suitable marriage By] N K Yong THE BUZZWORD among the chefs (and food writers) in
        819 words
    • Article, Illustration
      CINEMA
      780 31 Allen Resurrection. Defying death thanks to DNA magic, Ripley (Sigourney Weaver) is back and more determined than ever to destroy the biggest, baddest alien ever. This fourth Aliens ins£lment also stars Winona Ryder. Lido, Republic, Hougang, Changi, Woodlands, Jurong, Choa Chu Kang, Century, Oriental, Toa Payoh, Whitesands, Empress, Marina,
      780 words
    • Article
      ENQUIRIES AND BOOKINGS
      125 31 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 BnffWah Empress 777-5867 Jubilee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Ookton Villa#* Bedok 443-2405 Bishan 353-8885 Boon lay 792-2788 Broadway 454-9:194 Majestic 533-9032 Marina 337-9188 Pavilion 786-5788 TampineB 8 786-5788 Tiong Bahru 274-6588 Yishun
      125 words
    • TRAVEL
      • Article, Illustration
        Lock icon Rock of ages
        1035 32  -  Pilgrims no longer drag themselves up 216 stone steps on their knees to worship in the churches and chapels of Rocamadour. Nowadays, this city in south-west France attracts visitors of a different sort who, like Clarissa tan, prefer to take the elevator CLARISSA TAN AS MEDIEVAL pilgrims
        PHOTOS: OFFICE DE TOURISME ROCAMADOUR  -  1,035 words
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        Sunny, relaxed and unquestionably in the pink
        777 32  -  It's easy to understand why Toulouse is so popular with the French Byy Clarissa Tan COUCHED in the centre of the Midi-Pyrenees and basking in the warmth of the south-west, Toulouse is well and truly contented with life. Sunny, relaxed and charming, the
        777 words
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      114 28 A Taste Of The Bruno Oger, our French guest chef from French Riviera this very glamorous region in France, will be preparing a daily set lunch and 28 November to 6 December a la carte dinner complemented by a fine selection of French wines. Featuring the region's signature ingredients, the
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      154 28 SAVOUR THE WORLD 1 IN ONE lift !••< Pr«n l««ik Ammrlc•-• L It I a BVINr The 'TROPICARIBE' SERVING. of Colombia Indulge like never before in one choice destination at Carmen's Seafood Wine the gastronomic paradise! Exquisite Mediterranean and French cuisine. A bouquet of choice wines from the best vineyards.
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      277 29 4-av UTifiA J Presented Club Offers *****,000 FREE iS 2, To apply, call: w nere to dine duel ell terrain* intemationar Air Travel insurance. *****45 M i HHIHhIIII 1 HBHi j VC'liat better way to celebrate a great week than Sunday Brunch at The Cafe-in- The-Park? hnjoy the finest hrunch
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      212 29 rUarketSquare RESTAURANT FOOOCOUIT WINE CELLAR I gilfyw's first Theme Restaurant Foodcouot European countryside ambience -DftJTT^yym^ Your I lble is reserved while you explore our wide variety J 9P§CT Tif t■ I lof Asian Western favourites I p (j •No messy, uncleared tables ff Assert 1 Pay on'y when you leave
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      214 29 F h best catch in town with the greatest variety of seafood, and the juiciest sizzling steaks by a relaxing poolside setting, """'"-Palm Terrace Open daily for all-day dining, alfresco style with an exotic Balinese setting. For reservations, please call 731 7990. ftOYAL CROWNE PLAZA" SINOAPOftC formerly «Ar Rsyml HtiuUy
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      148 29 SI PPER TIME AT j Tr) our sumptuous TAIWANESE PORRIDGE 10.00pm 2.00 am daily A 1111 tilli 11 v: a-la-carte menu of varied Taiwanese dishes comes served with either plain or sweet potato porridge. n GIFT TO TRenSURC W ,£mA m fmtim tttmm tit Wno P*U. W, *S<»f jm fijt
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      134 29 Spices of Sichuan jj] From 3-14 December 1997. savour cuisine from this province JXI specially prepared by two specialty f chefs from Lai Lai Sheraton. Taipei. X^~yfC loin us as we bring you the best in Sichuan Cuisine served in the x exquisite setting of Pine Court TO Chinese Restaurant
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  • Page 31 Miscellaneous
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      2298 31 TODAY'S TV RECOMMENDED VIEWING HI I xao uppet Babies v 9.00 AMTVSN. 3.00 Caroline and Her Mnrprm 1987 movie. Riggs (Gibson) In TS' Tn „r iSbI Friends teams up with family man Highlights 1997- Bogota. H too rrGCICIV Roger Murtaugh (Danny 2.00 World Games-Lahti 1997. m 4JO Tainan Sesame. Glover)
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  • 50 Enterprise Celebrating Singapore's Enterprising Spirit
    • Article, Illustration
      Ahead of the pack
      638 33  -  This year's winners have shown their mettle in a harsh economic climate by Tan Sii Yen by Tan Su Yen Multinationals may be the vanguard, but it is the thousands of local companies that form the bulk of the fighting force of the Singapore economy. The
      638 words
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      Lock icon Saloon eyes new niche markets
      1419 34  -  Hie power plant and water treatment specialist's strategy is to expand within its core business By] David Boey [SINGAPORE] Anyone who knows how power plant and water treatment specialist Salcon Ltd got its name would have a good idea of where the company's core business
      CHRIS LOH  -  1,419 words
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      Lock icon An eye for opportunity
      1080 36  -  From a 20-man workshop with one printed circuit board assembly line, JIT now boasts a staff of 1,800 and turnover of $173J million By< Jennifer Lien [SINGAPORE] It took just a casual remark to set Tommie Goh's mind racing. Then a printed circuit board (PCB) salesman
      FILE PHOTO  -  1,080 words
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      Lock icon Challenges faced by local enterprises
      995 36  -  Companies should adopt an approach that integrates the strategy, people, process and technology dimensions By < Oon Jin Gee The writer is a manager with Atytersen Consulting. He has worked closely with several local enterprises and if closely involved in Enterprise 50. [SINGAPORE] With the
      FILE PHOTO  -  995 words
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      Lock icon Moulding the future path of Li Xin Plastic
      744 38  -  MCXin has expanded from a ££man operation to nOOm enterprise with its iinction mould business Marissa Tan Soft-spoken and unassumtHwilliam Lim prefers not to be interd. At least not in the usual ask-ques-Jffltand-take-down-notes manner. don't want it to be you copying exU&>
      ARTHUR LEE  -  744 words
    • Article
      A cyberspin on training with the ease of e-commerce
      838 38  -  The Training Infocosm hands ont products, resources, services all online By] Kwek Chee Kian The writer is the business manager for Andersen Consulting's Training Infocosm [SINGAPORE] Companies and individuals seeking training can now make use of The Training Infocosm, a one-stop
      838 words
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      In the business of managing change
      506 38  -  Andersen Consulting helps overhaul firms towards profitability Tan Su Yen tfAPORE] Businessmen often ask i Cheng, managing partner of An--1 Consulting Singapore, if his firm's ies in working with small and medium*«nterprises. *1 fttr Cheng's stock answer is that while iare SMEs among Andersen's
      506 words
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      Lock icon When in marble, do as Italian marble makers do, says Tan Chiang
      505 38  -  The homegrown stone supplier banks on technology for growth By' Tan Su Ten [SINGAPORE) Natural stone supplier Tan Chiang Brothers' Marble hopes to take on Italy's marble industry, worldrenowned for producing finely-crafted marble. Says Tan Chiang Seng, the
      FILE PHOTO  -  505 words
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      Tapping venture capital funds
      1497 40  -  Medium-sized firms trying te raise foods for expansion could consider growth capital from investment institotions soch as 3i By, Jane Crawford Jane Crawford is the managing director of 3iplc [SINGAPORE] In recent months venture capital has been making headline news in Singapore. This is not surprising
      1,497 words
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      Lock icon Go for quality and get the best
      977 40  -  That's the ending principle of GGet chief Gary Goh, who set out to boild his property group with singe-minded tenacity By Diana Oon (SINGAPORE] Once he sets his mind on something, you can count on Gary Goh to go out and get it.
      ERIC CHU  -  977 words
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      Lock icon Right mix of trades sails KSH to success
      1148 42  -  KSH miMiM risk in its shipping business with astute moves combined with entrepeneurial skills By. Felix Chan [SINGAPORE] Combining the best of Eastern and Western shipping expertise, the KSH group has risen from its humble beginnings as a small ship-operating company to
      CHRIS LOH  -  1,148 words
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      Band together to break into global markets; EDB
      685 42  -  Local firms are best off working overseas markets in clusters By 1 Tan Su Yen [SlNGAPOßE) Local enterprises are better off pooling their strengths than going it alone if they are to tap the global smorgasbord of business opportunities, says the Economic
      685 words
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      Lock icon Speedy-Tech's headstart to regionalisation
      936 44  -  The electronics parts maker anticipated the govt's regional drive and has enjoyed the benefits of low-cost overseas production since 1988 By. Annette Pan [SINGAPORE] For an electronics component matter, Speedy-Tech Electronics doesn't have much of a shopfloor at its Kallang Junction premises. The reason is simple.
      CHRIS LOH  -  936 words
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      Lock icon Xpress Print banks on multi-media
      1238 46  -  K K Font's long-term vision e to shape Xpress Print iito the world's leading electronic publisher David Boey SINGAPORE] Xpress Print's affable, fastt liking boss, K K Fong, speaks of his mul-ti-million dollar investments with the same detachment as most of us would our s
      FILE PHOTO  -  1,238 words
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      Lock icon Drumming up Business in Asia
      1141 48  -  Ptjf grown regional logistics group FTC has diversified, and cashed in on Asia Pacific's pwth with strategic tang-term planning By Felix Chan [SINGAPORE] Homegrown Poh Tiong Choon Holdings has come a long way from its modest beginnings as a small family-owned transport business. The company
      ERIC CHU  -  1,141 words
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      Lock icon Singapore's Best 50 Enterprises
      5837 50 This is the 1997 list of Singapore's most enterprising privately-held local companies. Rankings are based on various factors including gross turnover, return on assets and percentage of business from overseas operations. Compiled by Anderson Consulting and The Business Times All fiMOMre for 1996, excluding turnover growth
      Compiled by Anderson Consulting and The Business Times  -  5,837 words
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      Lock icon Retaining talent in the company
      1677 54  -  Raising salaries to encourage staff to stay on is often insufficient; management must also ensnre they eqjoy job satisfaction By. Athalie Williams The writer, a manager with Andersen Consulting, helps clients re-design their organisation and manage change [SlNGAPOßE] How can I stop my best employees
      FILE PHOTO  -  1,677 words
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      Lock icon IP21 good for industrial property owners, tenants
      1097 54  -  Initiative ensures continuous supply of industrial land to support manufacturing in Singapore until 2065 By< Amos Koh The writer is executive director of Knight Frank Ptd Ltd (International Projects and Industrial [SINGAPORE] The Jurong Town Corporation (JTC) has unveiled an initiative called Industrial
      Source:; FILE PHOTO  -  1,097 words
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      Lock icon The baking of Bengawan Solo
      1413 56  -  From a shop in Marine Terrace to a spanking new factory Woodlands Link, Bengawan Solo has grown to become a household name fly' Corinne Kerk [SINGAPORE] Harvey Road, just off MacPherson Road, is a small street chock-full of heavy vehicles and vans serving the area's
      ARTHUR LEE  -  1,413 words
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      Lock icon Boring its way to international success
      770 56  -  Sesdaq aspirant Twinwood wants to be the standard for the fonndation business in Asia Byi Carol Eng [SINGAPORE] When Twinwood Engineering's Sam Lim plunged into the business of making piling equipment for the construction industry in 1993, he had no manufacturing experience whatsoever. All
      ARTHUR LEE  -  770 words
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      Lock icon As in chess, strategic planning is a good move
      1529 58  -  Pro#s aids analysis, proves focus and unifies the Buiagement of a com Any to achieve competitive edge By Alppd Chan The writer, a partner with Andersen Consulting, specialises in strategic planning for businesses "Strategic planning? Who need strategic planning? I built
      FILE PHOTO  -  1,529 words
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      E5O membership has its privileges
      841 58 Being named an Enterprise 50 company has a cachet that brings with it many benefits A good name is better than riches. Cervantes and Don Quixote BEING an Enterprise 50 company spells different things for different organisations. Into its third year. Enterprise 50 has already
      841 words
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      Lock icon Growing in strength under a strong leader
      633 58  -  Asiatic Enterprises expects to meet its forecast turnover of $240 million despite the regional currency turmoil By' Tan Su Yen [SINGAPORE] Five years ago. Johanes Widjaja quit as an accountant and accepted a job from his father turn lossmaking The Asiatic Enterprises around
      FILE PHOTO  -  633 words
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      Lock icon A Brilliant focus on quality
      1047 60  -  A commitment to its product, in good times and bad, has paid off for this maker of hard disk drive components, Brilliant Manufacturing Annette Pan [SINGAPORE] Hard work and plenty of luck aren't enough to ensure success in business, says hard disk drive component maker
      ARTHUR LEE  -  1,047 words
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      Lock icon Life insurance to retain staff, and protect personal assets
      949 60  -  An endowment plan can act as a 'golden handcuff to keep key employees, while family trusts can serve to shield family assets from creditors By Lilian Ng The writer is a director with EPI Consultancy, which provides financial and estate planning
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      Lock icon Crisis opens windows for SMEs
      1078 62  -  With deep currency discounts, now's the time for S'pore firms to seriously scout for regional investments By Ho Chin Beng The writer is chief executive of business advisory service Chin B Ho Conferences [SINGAPORE] Yes, it's beginning to look a lot like Christmas. These days,
      FILE PHOTO  -  1,078 words
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      Lock icon Capturing the virtual marketplace
      1033 62 With novel selling ideas, the Net can help create demand JJ a man can write a better book, preach a better sermon or make a better mousetrap than his neighbour, though he builds his house in the woods, the world will make a beaten path to
      FILE PHOTO  -  1,033 words
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      Lock icon In search of the Singapore manager
      1708 64 Iml managers marry management philosophies from the East and West with influences of their tinning and company culture If you work here, you are botmd to interact with the Singapore manager every working day. He or she could be working for the civil service,
      FILE PHOTO  -  1,708 words
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      Lock icon Trans-Link taps into a growth area
      649 64  -  With Asia's logistics business set to boom, the company's future looks bright Reports by' Tan Su Yen [SINGAPORE] There has never been a better time to be in the logistics business in Asia. Mega exhibition centres are being set up in cities from Kuala
      FILE PHOTO  -  649 words
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      Moving giraffes? It's all in a day's work
      230 64 [SINGAPORE] Moving a pair of giraffes to Brunei or setting up a state-of-the-art defence exhibition is all in a day's work for logistics group Trans-Link Express. The company specialises in exhibition freight forwarding, warehousing and distribution, and arts logistics. Not surprisingly, it
      230 words
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      Lock icon Age of the Asian multinational
      1525 65 In his address at one of the National University of Singapore's convocation ceremonies on Sep 18 this year, Basskaran Nair, managing director of Gavin Anderson, exhorted young graduates to work for Asian multinationals or turn regional entrepreneur themselves. His speech is reproduced below: "TODAY, you
      FILE PHOTO  -  1,525 words
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      Lock icon Mew thinking for business today
      797 67  -  In today's competitive market, ■simply making a sale isn't enough; forward positioning will enhance a company's marketing strategy By Kenneth Tan The writer is director of Acorn Marketing Research Consultants MARKETING as a discipline, philosophy and practice has undergone three significant changes in Singapore over
      FILE PHOTO  -  797 words
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      Lock icon Quids Response: who will benefit
      1354 69  -  The QR concept is here to stay, bat most companies need a better understanding of what it is and when and how to implement it By' Teo Lay Lim The writer, an associate partner in Andersen Consulting, works with the firm's clients in implementing business
      FILE PHOTO  -  1,354 words
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      Time S'pore firms used some advertising
      1161 69  -  The magic of advertising is missing in the local scene and that's a pity considering how it can transform business By i Gerard Lim The writer is an account director at Wunderman Cato Johnson, an international advertising agency that specialises in customer asset management.
      1,161 words
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      Fingerprinting personalities
      2401 70  -  The jtyers-Briggs Type Inlpator to profile workers cafldbe a useful tool in career cootaeiling and management defilopment By* Tan Tiong Vicky Tan Tan Ngoh Tiong is senior lecturer, and Vicky Tan is senior tutor at the Department of Social Work and Psychology, National University of Singapore [SINGAPORE] A
      2,401 words
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      Lock icon Opportunities in times of crises
      1196 71  -  in average investor will be better positioned to reap rewards with a systematic approach even when it's all gloom and doom around By: Robert Tay The writer, a dealing manager with OUB Securities, speaks regularly on investment management and conducts investment courses for the Stock
      FILE PHOTO  -  1,196 words
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      170 33 m rn 'A >ii THANKS FOR |(f GIVING US ONE MORE M GOODjJ| REASON Mi TO SMILE« W Enlerprmng Spirit W Since the company was founded some 15 years back, there have been many milestones and joyous occasions for celebrations. And this year is no exception. We wish to thank
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      238 34 V J*" 6 9* <!**->*<* s i > y -Yes you did it...agftin!flast year you provided the driving fofce w t behind our achieving the 1996 J «j *4l'jlw 1 Enterprise 50 Award. This year, it has driven 111 flßii rus to the top again! V y,l i .>> <
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      282 35 w Congratulations To CB Vp In Emporium (pte> ltd. QMB SHERRIDON EXIM PTE LTD H I on receiving the Enterprise 50 Award 1997 mm enterprising Splrlf Malaya Silk store Pte Ltd |p^ HBT SOVREIN INVESTMENT PTE Ltd aiuja National Panasonic gof I Sharrods Pte Ltd aw aw 13 PHILIDS I
      282 words
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      309 37 f 9 9 7 Manufacturing Integration Technology cttubrjem# amgaipa«% foffterjprtemg Spirit TOP Semiconductor Equipment Manufacturer 4 4 4 Your Automation Rrtner j We are very happy and honoured to receive the top 50 Enterprise Award once again. -y j As we celebrate this occasion, we would like to j Jj"
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      231 40 SSEATOWN CONSTRUCTION PTE. LTD. 20 Maxwell Road #02-01 Maxwell House, J Singapore *****3 Tel: 66-223 3000 Fax: 66-788 7788 CeMratimg Sirtgtporr 'i CIDB REG NO: ***** GREAT WORLD CITY Seatown Construction comprises a dedicated team of professionally directed management to provide our clients with the most cost effective solution to
      231 words
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      512 41 SI TAN CHIANG BROTHER'S J MARBLE (S) PTE. LTD. 1 |j Celebrating Singapore's The success of Tan Chiangßrother's Marble is a proof fcßP&jfc IUfIHRHIfH Enterprising Spirit everyone that the saying "where there's a will, there's a way" is MrT*n Chiang Seng f indeed true. Though with a humble beginning, we
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      258 42 A Company That Grows With Precision Integrated Precision Engineering (IPE) made a mark in Hong Kong in the late 1980s with unique solutions to producing high quality precision machined parts. We fabricate machines for specific jobs, drawing on our vast experience in automation. This strategy serves us a powerful tool
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      267 43 X vw I Lange's distinguished past. p The cross of the Legion of Honour. At the 1900 World Exhibition in Paris, "A. Lange Sohne" showcased pocket watches which astonished even the most accomplished horologists. 1 l|£| J In recognition of his mechanical time-keeping achievements, Emil Lange was worn raised to
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      132 44 AA Enterprise Dow Chemical Pacific (Singapore) Pte Ltd Mei Hwa Construction Works Pte Ltd I i AEC Engineering Services E.Tay Trading Co. Mr. Chan Han Chong jjr, t < t Allied Technologies (S) Pte Ltd Fabri-Tech Components (S) Pte Ltd Tham Kvvok Leong Ampwatts Electric Pte Ltd Far East Packaging
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      276 45 A HOLDINGS LTD ÜBBHIf ■Fr Tat Hong Holdings Ltd is the investment holding company for Tat Hong Group of Companies whose core business include the sale rental of new and reconditioned |j§ WSKfjmj* B heavy equipment and machinery; sate of heavy equipment spare parts; and, .^Vij B reconditioning and service
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      284 46 CEL is the name well established for in the heavy equipment and spare parts industry. It started business in 1949 under the auspicious name of CHOP ENG LEE which prosperity and profitability in Chinese. It was subsequently abbreviated and incorporated as lif CEL TRACTORS PTE LTD on 19th Dec 1972.
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      223 47 We are to for the the J^iaX partners fellow we to say a Die ibum 'itiio S/Tiasik/ c l/ow. Only your have made f mVt§ni i JTi M /f y| Ojflrjl.^^^^^^^B .\fnUmJUißii x iow9l A •*>« jBTr I*B J* #%4 JJ; Jt^ T Be B *».^/f X \.-C Chengdu• T"i
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      195 48 There's Only One \dbL± Bank In 1 Singapore 4 ll jp SIT L/ o *4 7 luits the f x■* obvious choice of SMI is. Si nee DBS Hank's inception some ><) \ears staiinehlx continue with that mirtui'ini! ;md support it pro\ ulin*: financial .nl\ice. cijuitx Imammu. lactor\ I )AN
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      595 49 H ,'t BHHRBBPBWWPWINWRBi w ir* n Sanwa, we manufacture injection moulded thermoplastic on w#rld class quality and engineering capabilities. §S| and metal stamped products to meet worldwide changing industrial needs. Many innovative products have their humble True to our mission, we have been awarded the ISO 9002 bj| r beginnings
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      254 52 Chesuvan fej i I Interior Design Decoration Pte Ltd til Afr Vimvnt ling Mr Wilson Lini> cJh r «in< ID< NUSS City Club ijrr; team. I his includes live administrative managers, tht<m professional designers, live (Richards Basmajian) w* draughtsmen and more than 100 skilled workers, many ot whom an (apable
      254 words
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      150 53 fr V 1 V :> C2 'CJ 1 if' 1 jij i iP' r»- > -a.- «P fC '';r;<:<t -iw •'.Jii#- |!jj; i. |rt< t 'j i I s r i v. /#*.S./'.if N?< .4 .VsiJ'Of»> f.' ft) Ifc!» -\_.Jr t i 1 f%i Shcr.itnn Merlin I .ilm.m I lira
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      531 55 /WWM PLASTICS pi —i mm I n, WW, INDUSTRIES PTE. LTD. We are honoured to receive the fyJrijfly iiwt top 50 Enterprise Award 7 7T 7 Ctltkntiag S«*«w*r«'s Enterprising Spirit 0 T Mfif '-v n :i;' <•,*«* a Achieving the Enterprise 50 Award marks the beginning of a new era
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      26 56 f JiPSes? 5* *4 IIM^H 1997 H Celebrating Enterprising Spirit 'lill :^IS^ < BH^HI 1^ t ISi fe-\ |j| WORKS (PTE) LTD. I ____^_____^^____^^_^_^_^A^^^^ i-i ..-m.C Jfiifri,
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      260 57 I "X '"9«& v xv K. i. n < Hrr J 2 u fc'ei THE MOST WELL-KNOWN CARS IN SINGAPORE ARE DRIVEN BY A PAIR OF WHEELS. No ordinary wheels, to be sure. Referred to as service, a Night Vehicle Deposit service for those The Wheels of Progress', they describe
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      116 59 mmmi mi mm an I iiw :}pii hwmmiivju file're proud of bur people and their continuous 0 commitment to growth, quality and innovation. |3 .to'itn ar, emns»ve and expenescM mf-asmcm, irm-iosj < ;mf-sToi fir rrftnutactuiwip solution to customers c "om soircinr mate-iais u firasnst iroourif B wmwd WewwJ we deliver
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      93 60 < I. <Lor\g^/xct^c/\ZDO7\& toi YONG TAI LOONG (PTE) LTD theffifyjftffij /\«,*a,CL 1997 19 9 7 Celebrating Singapore's Enterprising Spirit i j I i (<^>HYPERWOOD« Bi-Folding Bathroom Doors HinilimHWlHillflHftl KING WAIINDS. (S) PTE. LTD. No. 7, Eunos Ave. BA. Eunos Industrial Estate. Singapore *****0 Tel: (65) 747 3388 Fax: (65) 747
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      647 61 Celebrating Singapore's 3 Enterprising Spirit ITS SHEER HARD WORK AND WE MADE IT AGAIN BARNSBURRY CORPORATION PTE LTD *i 35 Pioneer Sector 2, Singapore *****0 Tel: *****33 Fax: *****73 <> 1997 marks another significant milestone in Barnsburry Corporation Pte Ltd history as we joyfully celebrate IS If fP the honour
      647 words
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      249 63 Poh Tiong Choon Holdings Pte Ltd (a member of the Poh Tiong Choon Group) PTC GROUP We are honoured to ranks of E 50/ and we 4- pja customers, suppliers, jJnMB business partners and W ijr have been possible. Main Business Activities Land transportation Heavy haulage t% shipping agency, NVOCC
      249 words
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      188 65 1.1 fn ibh Salcon Limited j^HttLr Pioneer Sector 2, Jurong, Sale i (j eeeiiii,e ieei,,—— consecutive year. Sakon group performance has improved significantly in the past three V«| Iyears by reaping benefits from overseas ventures. This achievement is also attributed to our S^SSE*—™»^^Ess^^^E^^^3S* 02 team of Committed Staff and the
      188 words
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      232 66 MECHANICAL* ELECTRICAL ENGINEERING SPECIALISTS ml 9 9 T |S in 9E 0 Kunming lo Jnlo* °V"T Bagan 9 onw"h i, i--.- Hanoi ns£r I^PP> Bangkok Manita TELEKOM HQ (Kuala Lumpur. Malaysia) WePHL £4aldives j Jakarta bM|ML_ jL h3e J ii )a9mn«. %3|^H ■5W THE UOB PLAZA (Singapore) THAI WAH PLAZA
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      263 67 E; POLY Poly Resources Pte Ltd was incorporated in 1990, and since then it has established itself as one 4 A of the leading suppliers of granite aggregates to the Singapore construction industry. r\s we celebrate this occasion, we wish to Incorporated as a trading company, Poly Resources sources granite
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      682 68 >■-*.1> j£*..jW 7* JD- v gi-*i r "-fi T j" |f% t, Group Corporate Profile Property Division: Property Investment, Development and Property Management 'W| -v foresight, and the ability to spot and act on opportunities have been the hallmarks In the property arena, The GGET Group has established its presence
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      129 69 laP "<$ y I 'v., > Venturing overseas? Enterprise Finance Scheme, your "cash for invoke* Would you like instant cash for your invoices and nancm 9 cou as os 35% p a I let someone else assume me responsibility for We also help to cut your acfministrative work, cost u
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      236 70 r _£sV j Integrated Manufacturing Services Throughout The Value Chain s our history From an initial factory occupying 5,000 sq.ft of space in 1988, JIT presently operates a combined factory space of over 300,000 sq.f in Singapore and Malaysia a capacity that is set to increase further with the Group's
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      142 71 A Big, [Thank You I to all our Specialists in multi-cavity precision engineering plastics moulds, |g| injection mouldings and sub-assemblies Univac Precision Engineering Pte Ltd 9 9 7 Block 4012, Ang Mo Kio Ave 10, #01-01 TECHplace I, Singapore *****8 Celebrating Singapore's Enterprising Spirit Telephone: *****34 Facsimile: *****93 *2 m
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      568 72 ft" A. s] YONG TAI LOONG (PTE) LTD wishes to express our sincere appreciation !if"' itfß ffiiif if! f g t g f I P p stA-ofj p°t their support f WEBBS' I its !SH <firector an c J* ir building, Jcquisitjbn of Jfeoderfi high I K3**- B BM- i
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