The Business Times, 24 January 1998

Microfilm: NL21068
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    13 1 The Business Times MITA(P) 110/12/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, JANUARY 24-25,1998
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  • Article
    MARKET SUMMARY
    63 1 sin 12SAA3 (-9.66) n mm HLC7 (-11.39) n BTOOHP MlttlM (-19.33) nWTWBk 14 ma (-10.42) grociMimTnmMEB Friday Qmap KLSECOMP ifi&H (664 NIKKEI 1S.7W.11 +383.42 HANOSENO SJUU9 +*47 SET INDEX ***** +107 JAKARTA 00MP 4MJ8 +7.46 MANILA COMP _1,7« »7 -1&4 TAIPEI WPI dned SEOUL COMP ***** 4187 CUSA
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  • Article
    FINANCE
    74 1 nattMS BATES ust St USJ 1.766 MM TM1 I DM 9M7 U77 'TEN 100 17*4 1J» IMS U8» IBM H» tB7 liAHT MI8 0.032 lRUFTAir IN 0.908 MM FUKBIIRS SINGAPORE* 1M KUALA LUMPUR 9J0 JAKARTA 18.00 BANGKOK 1128 MANILA 12J0 HONGKONG KM TAIPEI JJ0 SYDNEY MO TOKYO 8.50 SEOUL
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  • Article
    Foreign banks pull plug on US$ funds to Indon customers
    879 1  -  Banker says there is real danger of systemic collapse of banking system From\ S N Vasuki in Jakarta INDONESIA'S banking system has come to a virtual standstill as several major international banks pulled the plug on US dollar funds because
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  • Article
    Jakarta studies USslob bonds for debt plan
    387 1  -  But Morgan Stanley proposal not a bailout for Indon companies From S N Vasuki in Jakarta MORGAN Stanley has recommended that the Indonesian government issue long-term bonds worth US$lO billion (5517.5 billion) to be used to ease the short-term offshore debt burden of
    387 words
  • Article, Illustration
    Lock icon Fears rise of sex scandal damaging Clinton foreign policy
    664 1  -  Lewinsky affair may preclude proper response to Asian, Mid-east crises From Leon Hadar in Washington AS President Bill Clinton faces the most serious political challenge in his five-year presidency, including the possibility of impeachment proceedings, there are growing concerns in Washington
    REUTERS  -  664 words
  • Article
    Simex members now allowed to trade on Sicom
    401 1  -  S'paremtvesdoMrU international practice; Sicom gets a boost By I siow Li Sen [SINGAPORE] The barrier between financial futures and commodity futures has been removed. Singapore International Monetary Exchange (Simex) members can now trade on the Singapore Commodity Exchange (Sicom), a move that
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      Page 1 Advertisements Column 1
      147 1 IMtUDE 1U wiring am Rmgapnrtt beaks Investing in Singapore bank stocks isn't what it used to be. But there are still pickings for the careftil, P|3 Thai finance fins' U97 aanriagi hari kit A dozen of Thai finance companies have reported their 1997 results and all but (me slipped into
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      8 1 13 Indon banks' legal ratings lowered, Pg 4
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      117 1 L f- ;jS] r .apt Budget 2 [JAKARTA] Indonesian Finance Minister Mar'ie Muhammad presented a revised 1998/99 budget to parliament yesterday. In contrast to the first budget presented by President Suharto just over a fortnight ago, the market's reception this time round has been subdued. "It's just a theoretical exercise.
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon HDB resale prices slide 10% in second half of '97
      388 2  -  Transactions still active with 19,497 applications registered By Abdul Hadhi [SINGAPORE] Resale prices of Housing Development Board (HDB) flats fell 10 per cent in the second half of last year, compared with just one per cent in the first half.
      Source:  -  388 words
    • Article
      Lock icon Fall of yuan may spark volatility: Tony Tan
      215 2 The Straits Times {AUCKLAND] A depreciation of the Chinese yuan may spark another round of exchange rate volatility in South-east Asia, Deputy Prime Minister and Defence Minister Tony Tan warned. Speaking yesterday at a dinner hosted by the Asia 2000 Foundation, he
      The Straits Times  -  215 words
    • Article, Illustration
      Lock icon Financial community raises $249,000 for charity
      429 2  -  By] Larry Wee [SINGAPORE] Despite troubled regional markets, the financial community raised $249,049 between April and November 1997 in the first lap of a three-year investment race for charity. The SES Charity Investment Race (SCIR), under the patronage of Deputy Prime Minister Lee Hsien
      ARTHUR LEE  -  429 words
    • Article
      Apple to sell building here to cut costs
      384 2  -  By] Raju chellam APPLE Computer Company has put its main office building here up for sale as part of a consolidation of its Singapore operations to lower expenses. Apple's new managing director for South Asia, Samit Roy, told BT that the decision
      384 words
    • Article
      CPI rises 2% in December
      115 2 The Consumer Price Index (CPI) rose 2 per cent in December, leading to a full-year 1997 inflation rate of 2 per cent, figures released yesterday by the Department of Statistics show. The increase from 1.4 per cent in 1996 was accompanied by price rises in
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    • MEWS Roundup
      • Article
        News service ar CyberWay
        34 2 INTERNET service provider CyberWay yesterday launched a new online service providing news on major world events, business, sports, entertainment, science and technology. CyberWay World News can be accessed at http://www.cyberway.com.sg
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      • Article
        US visa fees raised to $86
        64 2 APPLICATION fees for non-immigrant visas to the United States will rise to $85 with effect from Feb 1, up from the current $40. This applies to visas for tourists, students and business travellers. The embassy said that the best way to apply for visas
        64 words
      • Article
        SISV starts property listings
        73 2 SIS V Services, a wholly-owned subsidiary of Singapore Institute of Surveyors and Valuers, will today launch a new co-broking network service known as Multiple Listing System (MLS). Besides offering a listing of properties available in the open market, MLS allows its members to pool resources by
        73 words
    • Article
      Exporters may face more anti-dumping complaints: TDB
      326 2  -  Reports by, Audrey Tan SINGAPORE exporters may face a rise in non-tariff barriers, as slower economic growth lead manufacturers abroad to resort to protectionist measures. "In a situation where the economy is slowing, companies are closing and industries are not getting enough orders,
      326 words
    • Article
      $900 m savings from tariff accords
      191 2 TARIFF agreements made in the Uruguay Round and under WTO auspices have resulted in savings of at least $900 million for Singapore exporters so far, the Trade Development Board (TDB) said yesterday. TDB said by Jan 1 this year, exporters had saved around $400
      191 words
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      Page 2 Advertisements Column 1
      42 2 HP' V 1 wPV I r < JMJ&* mw. k v LJ >*2r \\HOP 1 'HkL-' f s-J/r yr s ■"'a— J/r S S ■p 6w' '--Warn ,:W& B ''m IK, SL Inlw Takashimaya Shopping Centre Singapore *****2 a|| ■T" e Fax 'f!
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      521 2 THE WEATHER —TI Partly cloudy, gradually becoming fair. Temperature (30-24) 1 Tin -n i B/Lt* (M Piir n 81/U* Oml Imwli WU 1 OmL Awtland *4/14 Cloady Atntw «M» Shower BummAbw XUtt Trtm tatfu* nbby Ates IWI Show Btjfic- *11 Snow Btrin Saow j°* dy Hombtv »1S Stmn) Boh 04/2
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        Lock icon BT Sentiment Index
        476 3 Those polled for their views on the Singapore stock market outlook for next week were: Alliance, BZW, Daiwa, DBS, GK Goh, Kay Hian, OCBC Securities, UOB Securities. Parkway Holding* ♦(Sell) Indosuez WlCarr Securities, Jan 22, $2.80 Parkway will be a casualty of sharply rising interest rates, given
        Figures denote number of respondents  -  476 words
      • Article, Illustration
        In My Opinion
        436 3  -  By Colin Lee Yung-Shih Managing director Chartered Asset Management Pte Ltd HE Year of the Ox I proved to be one of X hardship and strife for Asia. What then will the Year of the Tiger represent? Astute and cunning predators will be on the prowl; less
        436 words
    • Article, Illustration
      Lock icon Careful what you bank on
      746 3  -  While S'pore bank shares may have lost some lustre, they are still seen as relatively good value By\ Shiv Taneja [SINGAPORE] IT wasn't that many years ago when you could blindly invest in the shares of listed Singapore banks, and sleep easy. Massive capitalisation, robust
      Source: Bloomberg  -  746 words
    • Article, Illustration
      Lock icon Permasteelisa's worth a look
      709 3  -  Shares trading at 50% of issue price; director says work has not stopped coming in By. Diana Oon [SINGAPORE] Battered down with the rest of the stockmarket, shares of just-listed Permasteelisa recently went to about a quarter of their issue price. Are there any reasons why
      Source: Bloomberg; FILE PHOTO  -  709 words
    • Article, Illustration
      Handy guide to unit trust investors
      688 3  -  Investing In Unit Trusts in Singapore By Peter Douglas and Andy Ong Published by Ins finwimnMfaortiiM PtO Ltd Prleee $24.90 By I Carol Meakin The writer is manager of private client portfolios at Schroder Investment Management Singapore Ltd [SINGAPORE] Bookshops stockpile overseas bestsellers by
      688 words
    • Article
      Sentiment still depressed in the Philippines
      396 3  -  BYE OK THE REGION Analysts like San Miguel, PLDT but shim banks, property From, Al Labita in Manila WHEN Indonesia sealed last week a revised rescue package with the International Monetary Fund. Philippine stocks, like those in the rest of Asia, shot up, regaining
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  • MARKETS IN TURMOIL
    • Article
      Indosuez WI Carr to take 49% stake in Thai broker
      241 4  -  From, Hariah Mehta in Bangkok STOCKBROKER Indosuez WI Carr Securities said that it would take a 49 per cent stake in Thai brokerage Union Securities. The joint venture firm called Indosuez WI Carr Union Securities will be formed after the
      241 words
    • Article
      Lock icon Jakarta to restructure state firms
      104 4 AFP [JAKARTA] Indonesian authorities are revamping the management of state-owned companies to push them to become profitable, the finance ministry said yesterday. "The government is rearranging the role, position, mission and orientation of state companies," the statement said, adding that "state firm activities must be
      AFP  -  104 words
    • Article
      Lock icon S Korea seen playing brinkmanship at debt talks
      501 4 Koreans feel crisis is over and time is on their side: source Reuters [NEW YORK] South Korean debt negotiators made their opening gambit in talks with international bankers on Wednesday in what promised to be a long and nerve-racking process for investors,
      Reuters  -  501 words
    • Article
      Don't export trouble by devaluing currency, warns US official
      576 4  -  The best avo 'd turmoil is to «*wid beggar thy neighbour cnrrency policies From, Anthony Rowley in Tokyo A SENIOR US Congressman yesterday warned Asian nations not to adopt "beggar thy neighbour" currency devaluations in order to export their way out
      576 words
    • Article, Illustration
      Lock icon Even the Canadian dollar is tumbling
      63 4 [MONTREAL] A pedestrian stopping to look at exchange rates posted in the window of a currency exchange store on Sainte-Catherine street in downtown Montreal on Thursday. The Canadian dollar continued its skid, closing at an all time low 0f68.83 US cents in Toronto, the
      REUTERS  -  63 words
    • Article
      Lock icon Investors lost faith too easily, says IMF official
      433 4 Forex adjustments far exceeded what might have been needed Bloomberg [WASHINGTON! Investors "overreacted" to Asia's economic crisis, and currencies in the region have depreciated far more than warranted by economic and financial conditions, a senior International Monetary Fund official said. "The amount
      Bloomberg  -  433 words
    • Article
      Lock icon 13 Indon banks' legal ratings lowered
      270 4 AFP INEW YORK] A US agency on Thursday lowered its legal rating on 13 Indonesian banks that it said were severely undercapitalised because of a fall in the value of the rupiah. "Some are so short of US dollars they are defaulting on their
      AFP  -  270 words
    • Article
      Thai central bank moves in on two troubled banks
      479 4  -  It bays stake in one, revamps management of the other From Harish Mehta in Bangkok THE Bank of Thailand yesterday moved decisively on two troubled commercial banks it bought a 19.99 per cent stake in Bangkok Metropolitan Bank (BMB) by converting
      479 words
    • Article, Illustration
      Lock icon Indon budget revised but markets cool
      326 4 Piinn«i wiinigtAr predicts zero growth, 20% inflation Reuters [JAKARTA] Indonesia announced a revised 1998/99 budget set at 147.22 trillion rupiah (5519.1 billion) yesterday, raising revenue and expenditure but closely tracking recommendations by the IMF to halt a slide into economic ruin. Finance Minister Mar'ie
      Reuters; REUTERS  -  326 words
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  • REGION
    • Article
      Lock icon Japan hints at more measures to revive economy
      244 5 TOKYO AFP THE Japanese government will take action "flexibly" to revive the ailing economy, the nation's top economic planner said yesterday, a hint that Tokyo is considering additional stimulatory steps. Economic Planning Agency director-general Koji Omi told a news conference the government
      AFP  -  244 words
    • Article
      Lock icon Opposition calls on Suharto to step down
      173 5 JAKARTA AFP HUNDREDS of protesters supporting Indonesia's two most outspoken opposition leaders demonstrated yesterday morning in front of parliament to demand that President Suharto step down after 32 years. "We, the Indonesian people who want a better life, are forced to voice our
      AFP  -  173 words
    • Article, Illustration
      Lock icon HK scraps plan to rescue troubled brokerages
      386 5 HONGKONG Reuters THE Hongkong government and securities authorities have scrapped plans to rescue troubled brokers but are seeking other ways to help brokerages in difficulty, officials said yesterday. "(It was) some sort of a fund, not to bail out but in case of
      Reuters; AFP  -  386 words
    • Article
      Indian gold imports rise 88% to 526 tonnes
      332 5  -  liberalisation and M in global prices boost lUbmuml By< Aruna Srinivasan in New Delhi INDIA remained the world's biggest gold market last year, with imports rising 88 per cent to 526.45 tonnes from 279.8 tonnes in 1996. According to the Genevabased World
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    • Article
      Productive firms can see Bank Negara for loans
      436 5  -  KUALA LUMPUR Firms that add to export earnings will have access to funding, says central bank By Meera Tharmaratnam MALAYSIA'S central bank yesterday said it is prepared to help businessmen unable to get loans for productive purposes. In a statement, Bank Negara
      436 words
    • Article
      Lock icon Thai army chief warns of further labour unrest
      358 5 BANGKOK Police, grot rapped for way they dealt with Wednesday's pretests AFP THAI police and government have come under fire over the violent quelling of a protest as the country's army chief warned of further unrest amid the deepening economic crisis, reports
      AFP  -  358 words
    • Article
      Lock icon HK govt to sell prime land by tender
      420 5 HONGKONG System will be used far larger, more valuable sites originally fflfitH far nitfftwff* Reuters THE Honkong government said on Thursday it would sell by tender larger and more valuable property sites originally slated for auctions. But territorial authorities did not expect
      Reuters  -  420 words
    • Article
      HK to resume live chicken imports from China on Feb 7
      383 5  -  HONGKONG By\ Leh hui Yin FEBRUARY 7 is when chick-en-starved Hongkongers will get the bird back on their dining table, dashing what hopes some might harbour of having it for the Chinese New Year celebrations next week. That's when
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    • Article
      Crime and business in Taiwan
      535 5  -  LHTTHRF&OK TAIPEI Mew state oil company chief faces death threats over bid to dean np firm By Bruce Cheesman STANDARD business attire these days for Chen Chao-wei, the head of Taiwan's state-run oil refiner Chinese Petroleum Corp (CPC), is a bullet-proof vest. The new chairman
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  • THE WORLD
    • Article
      Lock icon Prospect of US surplus opens doors for debt management
      611 6 WASHINGTON There are signs the govt may nse some of the money to service huge national debt Reuters THE surprisingly early arrival of an expected budget surplus this year has Treasury Department debt managers and Wall Street scrambling to figure out
      Reuters  -  611 words
    • Article
      Lock icon Partial deal in browser case against Microsoft
      375 6 WASHINGTON PC makers can delete the Explorer icon or part of the program Reuters MICROSOFT Corp and the US Justice Department announced on Thursday a partial settlement in which computer makers that license the Windows 95 operating system can delete the icon for
      Reuters  -  375 words
    • Article
      Lock icon Top US executives agree on need for financial reforms
      398 6 WASHINGTON CEOs to help Congress re vamp banking laws Reuters TOP EXECUTIVES from banking, securities and insurance firms agreed on Wednesday to unite to help Congress overhaul US banking laws, and lawmakers said they hope this cooperation will lead to smooth
      Reuters  -  398 words
    • Article
      Lock icon Confidence in US economy down in Q4
      228 6 WASHINGTON Bloomberg THE confidence of business executives in the US economy declined during the fourth quarter of last year, according to a new survey from the Conference Board. The board's measure of business confidence fell 5 points to 51 during the final three
      Bloomberg  -  228 words
    • Article, Illustration
      Lock icon Snake tale for a Hezbollah rally
      67 6 [LEBANON] A worker putting thefinishing touches on Thursday to a globe made in the shape of an apple surrounded by an "Israeli "snake. The fibre glass apple will be displayed during a rally by the Iranian-backed Hezbollah, the main guerilla movement fighting to force
      AFP  -  67 words
    • Article
      Lock icon Strong pound slows UK economy's growth
      447 6 ■LONDON Reuters Bloomberg BRITAIN's economy marched to its 23rd straight quarter of growth at the end of 1997, although the pace slowed a little as a strong pound cut into exports. Gross domestic product grew 0.5 per cent in the fourth quarter from the
      Reuters; Bloomberg  -  447 words
    • Article
      Lock icon Ex-miners set to sue UK govt
      247 6 LONDON Reuters THOUSANDS of ex-miners with respiratory ailments prepared yesterday to sue the British government after a court ruled that the now-de-funct state mining industry failed for decades to do enough to suppress coal dust. "This is legal history. It will lead to the
      Reuters  -  247 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      189 6 SMITH ZAIN SECURITIES SDN BHD (A Member Company Of Kuala Lumpur Stock Exchange) (Company No *****-H) jt/f/ e, a stockbroking company with international links are necking dynamic and suitably qualified candidates to fill the following position. —IiBIPItMNCE ©WSIIR I The Compliance Officer will report to the Board of Directors and
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      44 6 DOOMESBURY By Garry Trudeau HOW SWG£T! yi/P. ALL MYFAVORfTES IdERS CHJ6 m BUT ALL 1 youve&AL- excepr alucanp 'pompon fw I a '2£f I OiansepmyX pip mas ,nwm^J"2? t-YS&NAU. "KKXTSay ahpjmajkhn MYMOVieS* I OF YOUR A**- MY0UXJ& CHICAGO/ I sote scene IN W v
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  • Companies & Markets
    • Article, Illustration
      Lock icon Enter the Dragon – minus the underwriter
      652 7  - Enter the Dragon minus the underwriter Dragon Land confident of success in its offer of 25m shares-indndmg a placement tranche of 15m at USSQJ2 each By< Ang Wan May (SINGAPORE] This year's hrst initial public offering, from property developer Dragon Land, will have no outside underwriters as cautious merchant banks
      FILE PHOTO  -  652 words
    • Article
      Seksun upbeat on earnings for FY97
      452 7  -  MD says crisis didn't hit too hard, pickup in electronics by July By. Annette Pan [SINGAPORE] Sesdaq-listed Seksun Precision Engineering expects "very much higher" earnings for FY97 even though sales were "stable", as it has not suffered too much from the currency turmoil, a
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    • Article
      Banks should be more open like Sing Tech group
      727 7  -  HOCK LOCK SIEW Clarissa Tan THE need for local banks to be more open with information has been a long-standing issue, but it has recently assumed a new urgency with the full-blown, re-gion-wide financial crisis. A week ago, Deputy Prime Minister
      727 words
    • Article
      CAM Int'l planning to sell off its Penang unit
      366 7  -  Reports by. Annette Pan [SINGAPORE] Troubled precision engineering firm CAM International is looking to sell off its profitable Penang subsidiary, CAM Advanced Technologies (M) Sdn Bhd. to the highest bidder. This comes after two failed attempts to sell equity in CAM
      366 words
    • Article
      CAM to report FY96 accounts soon
      235 7 INVESTORS looking forward to shares of precision engineering firm CAM International resuming trading status again may not have to wait much longer. If everything goes as planned, CAM will report its FY96 accounts in a month's time at a long overdue annual general meeting.
      235 words
    • REGIONAL COMPANIES
      • Article
        Thai finance firms' 1997 earnings take a big hit
        431 8  -  12 firms post results; all bat one in the red from bad loans, stock trading losses From. Harish Mehta in Bangkok A DOZEN Thai finance companies have reported their 1997 results and all but one slipped into the red, weighed down
        431 words
      • Article
        SIA to expand services to Australia
        568 8  -  Byl Surinder Singh, Felix Chan in Singapore SINGAPORE Airlines is expanding its services to Australia, taking up some of the slack from Qantas and Ansett which plan to cut flights to Asia. A report in the Australian Financial Review (AFR) yesterday said that SLA
        568 words
      • Article
        My group interim profit plunges 85%
        340 8  -  By, Abdul Hadhi [SINGAPORE] Home decor and children's products distributor Roly International yesterday announced an 85 per cent drop in group interim profit to US$l.O2 million (551.79 million). Releasing its financial results for the six months ended Oct 31, 1997, the mainboard listed group
        340 words
      • Article
        Lock icon M'sian IPO rules changed to boost shareholders
        187 8 Bloomberg [KUALA LUMPUR] Malaysia will raise the number of shareholders required by a company that's going public, in a bid to make its rules more like those of exchanges elsewhere. Companies planning to make initial public offerings will have to sell at least
        Bloomberg  -  187 words
      • COMPANY Briefs
        • Article
          Coloring new motor dealership
          81 8 [SINGAPORE] Cycle Carriage Ltd (CCL) has signed a joint venture agreement with Novel Leasing Pte Ltd to form a new motor dealership in Singapore. The dealership, to be named Novel Automotive Pte Ltd, has been appointed by the CCL Group as a Mercedes-Benz dealer. Initial Issued
          81 words
        • Article
          Broadway Industrial In Joint venture
          73 8 [SINGAPORE] Mainboard-llsted Broadway Industrial Group has announced a joint venture to launch a new packaging assembly technology. The packaging products and components manufacturer will develop and market E-PAC (electronics packaging assembly concept) products jointly with DMT GmbH of Germany through locally-incorporated E-PAC International Broadway will
          73 words
        • Article
          ST Gomp chief executive also president
          52 8 [SINGAPORE] ST Computer Systems and Services, the information technology arm of Singapore Technologies Industrial Corp, yesterday named chief executive Victor Ang to the add itional post of company president Mr Ang has also been appointed a director of ST Computer. The appointments were effective
          52 words
        • Article
          Rothmans names non-exec director
          19 8 (SINGAPORE] Rothmans Industries has appointed Roth mans Asia chief executive Anthony Jones a non-executive director.
          19 words
        • Article
          Informatics' new exec director
          71 8 [SINGAPORE] informatics Holdings Ltd yesterday named Peggy Chan Siew Hong, the company's director of finance and corporate development as well as company secretary, as an executive director. It also announced the resignation of directors Wong Kock Meng and Cheah Hon Kuen, who also gives up his
          71 words
        • Article
          Vikay sells subsidiary's assets
          60 8 [SINGAPORE] Vikay Industrial said it had on Jan 3 agreed to sell the intellectual properties, machinery and stocks of its subsidiary, Vlckman International Ltd, to Double Eight Development Ltd, a British Virgin Islands company, for HK$3 million (S$680,000). Vlckman designs and develops telecommunications equipment. The sale
          60 words
      • Article
        Popular posts 16% rise in interim net profit
        198 8 [SINGAPORE] Books and stationery distributor Popular Holdings yesterday posted a 16.4 per cent rise In Interim net profit. The group chalked up net profit of $3.78 million for the half-year to October 1997. Turnover was 15.5 per cent higher at $85.1 million.
        198 words
      • Article
        Merrill Lynch finds recent rally in Thai stocks genuine
        445 8  -  Bangkok on course in reforms, it says From, Loh Hui Yin in Hongkong OF THE three Asian countries receiving aid from the International Monetary Fund, Thailand is well into implementing the measures that promise to pull its economy and banking system
        445 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon GE 4th-qtr earnings up 14% to record US$2.35b
        389 9 GE finance unit and ad revenue from NBC television make strong contributions Bloomberg [FAIRFIELD, Connecticut] General Electric Co said fourth-quarter profit rose 14 per cent, boosted by strong advertising revenue from its NBC broadcasting unit and a flurry of acquisitions in its
        Bloomberg; Source: Bloomberg  -  389 words
      • Article
        Lock icon Bell South Q4 profit up 13% on strong phone markets
        413 9 Growth driven by international wireless business Bloomberg [ATLANTA] Bell South Corp said fourth-quarter profit rose 13 per cent, paced by a record increase in phone lines and strong growth in its international wireless operations. The Atlanta-based local phone company's profit
        Bloomberg  -  413 words
      • Article, Illustration
        Lock icon Keeping Elton in the big picture
        87 9 [MIAMI] Executive vice-president of Citicorp William Campbell picking up a large credit card to present to international pop star EUon John at a news conference on Thursday in Miami after it was announced that the British singer had signed a worldwide marketing partnership with
        REUTERS  -  87 words
      • Article
        Lock icon McDonald's 4th-qtr profit little changed
        359 9 Bloomberg [OAK BROOK, Illinois] McDonald's Corp's fourthquarter profit was little changed, meeting analysts' expectations, as the fast-food company confronted troubled economies overseas and competition at home. McDonald's net income rose to U*****.9 million (*****.5 million), or 58 cents a diluted share, from US$4lO million, or
        Bloomberg  -  359 words
      • Article
        Lock icon Chevron, Texaco profits up, Amoco's fall
        226 9 Bloomberg [HOUSTON] Chevron and Texaco reported higher fourth quarter earnings as lower crude oil prices imi#oved margins on gasoline and other fuels, more than offsetting lower returns from oil sales. But Amoco's profits fell 34 per cent, missing estimates, because the Asian economic turmoil
        Bloomberg  -  226 words
      • Article
        Lock icon Sara Lee's Q2 profit rises 9% before a charge
        293 9 Bloomberg [CHICAGO] Sara Lee Car? said its fiscal profit rose 9.1 per cat before a restructuring charge teat resulted in a loss ef U9SUB billion (S$2J3 billion). Profit before the Charge rose to US$346 million, er 68 US cents a diluted
        Bloomberg  -  293 words
      • Article
        Lock icon EMI shares plunge as Asian slowdown threatens profit
        407 9 Operating profit may be £25m lower than earlier forecast Bloomberg [LONDON] EMI Group pic stock fell as much as 12 per cent after the UK music company said annual operating profit will miss expectations because of setbacks in the slowing economies of
        Bloomberg  -  407 words
    • FINANCE & COMMODITIES
      • Article
        Euro will overshadow yen, but not seen replacing US$
        529 10  -  Aaian antral hanlrg should diversify portfolios to include euro: DMG official By Catherine Ong [SINGAPORE] THE euro will not be expected to eclipse the US dollar as the principal reserve currency and currency of trade but it will overshadow the yen
        529 words
      • Article
        Simex oil futures contract put off
        502 10  -  Oil market downturn caused by currency crisis leads teat least a 6-month delay By\ Ronnie Lim [SINGAPORE] The current oil market downturn caused by the currency crisis has delayed the launch of a new gas oil futures contract on the Singapore International Monetary Exchange.
        502 words
      • Article, Illustration
        Lock icon Greenback to correct further?
        350 10 UBs/mju*k: US$/mark rose briefly to 1.8433 before plunging to a low of 1.7940 on Thursday. The technical view is mixed, with possible further corrective downmoves to the next support level at 1.7850. Should the unit clear this level, a bearish picture would emerge with initial support
        Source:  -  350 words
      • Article
        Lock icon Bankers Trust beats forecasts, Q4 profit up 13%
        268 10 Bloomberg [NEW YORK] Bankers Trust New York Corp said fourthquarter earnings rose 13 per cent, beating estimates, as net income from loans and investment banking outpaced a decline in trading. The nation's seventh-larg-est bank said net income rose to US$2O7 million (*****
        Bloomberg  -  268 words
      • Article
        Lock icon UnionBanCal Q4 profit up by less than expected 55%
        229 10 Bloomberg [SAN FRANCISCO] UnionBanCal Corp's fourth-quarter earnings rose 55 per cent, short of analyst expectations, because of higher-than-antici-pated expenses. California's third-largest bank, which operates under the name Union Bank of California, said net income for the quarter rose to U5592.4 million
        Bloomberg  -  229 words
      • Article
        Lock icon Euroyen, JGBs hit by stimulus talk
        234 10 SIWBX Report Reuters [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures slid sharply yesterday amid fears Japan was close to announcing yet more measures to stimulate its languishing economy. 'There were rumours of a stimulus package next month that could be as high
        Reuters  -  234 words
      • Article
        Lock icon Azeri leader's Japan visit may unlock Caspian oil
        308 10 ENERGY REPORT Reuters [TOKYO] A visit to Tokyo by Azeri President Haydar Aliyev in February could lock up a pact for four Japanese firms aiming to tap the rich oil reserves of the Caspian Sea, sources said yesterday. Mr Aliyev, who last
        Reuters  -  308 words
      • Article
        Lock icon CURRENCY REPORT
        150 10 AFP THE US dollar remained weak yesterday, whacked by new allegations about US president Bill Clinton's private life. At 1335 GMT, the dollar was trading at 1.7975 marks against 1.8036 on Thursday evening and at 126.08 yen against 127.24. Analysts said the greenback suffered from the double whammy
        AFP  -  150 words
      • Article, Illustration
        Untitled
        866 10 DITERBAME CROSS RATES v.y Lm 0961 6.178 0602 1975 LW7 IM ***** 8S.9B 0J32 MM 2.9M U» 29JM 29.0T7 UN l» **££d*&fi MS .fS (M* LM IW 0627 4.137 12* 1324 26.t07M.4C 0066 12-009 3J02 IM ***** ***** 1MB l» tM7 2UBB »JB M7 MM Ota 0«2 OI75 OflO 0725
        866 words
    • Article
      COMMODITY PRICES
      1531 11 SICOM FUTURES Jan 23 MMCI (Mures daatafKMUOpa) RSS1 COMTtACT(S cMtifa) C*M JMhh .0»» Month li» U» Sett (Unms) Manet Fat 96 U230 SO BO Mar 98 133.75 SO 300 Apr9t ***** ***** 136.00 25 4900 May 98 130.25 ***** ***** 25 «25 Jus 96 140.25 ***** M0.25 15
      1,531 words
    • Article
      WORLD STOCK MARKETS
      2168 11 LONDON Mostriab JmlJ ma 31 Group 49<1 -12.400 AB Ports 294 *1 Abbey National 1177 -8 Allied Domtcq 554 -12 Anwc 123 unch Asda Group 193 -5 BAT Ind 577 -4 BG Ptc 310 14.200 BtCC 135 .400 BOC Group 861 -17.400 BR Petroleum 747 -27.400 BTR
      2,168 words
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      Lock icon TOKYO
      1594 11 AFP O Nikkei 225 ****** JAPANESE share prices rose 2.3 per cent yesterday, backed by bargain-hunting and a late advance in futures contracts following optimism about the future of the Japanese economy. Brokers said share prices staged a quick bounce on futures-linked buying by foreign investors, which dispelled the
      AFP  -  1,594 words
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      Lock icon HONGKONG
      1566 12 AFP P Hang Seng *3147 HONGKONG stocks erased early losses to end the week slightly higher yesterday on the back of climbing futures as investors returned to the market to hunt for bargains, brokers said. The Hang Seng Index closed 36.47 points higher at 8,920.20 after slumping property shares
      AFP  -  1,566 words
    • Article, Illustration
      Lock icon CHINA
      623 12 Reuters F1 Shenzhen Bladex *2J4 SHENZHEN B shares ended sharply higher yesterday as domestic investors bought stocks likely to post good 1997 results on hopes of a pick-up in the market after the Chinese New Year holiday. The B Index jumped 2.94 points, or 3.6 per cent, to 84.69
      Reuters; Source: Singapore institute of Surveyors and Valuers  -  623 words
    • Article
      Lock icon WELLINGTON
      247 12 Bloomberg n Wellington ♦LOO SHARES were mixed yesterday. Retailers, foresters and tourism operators fell amid concern Asian economic woes will bite into company earnings in New Zealand. The NZSE Top 40-share Index rose 1.00 point to 2,245.92. Within the index, rises beat falls 20 to 12. Bloomberg J»U cmm
      Bloomberg  -  247 words
    • Article, Illustration
      Lock icon BANGKOK
      803 12 AFP nSEThin *107 SHARES posted marginal gains yesterday, closing 0.5 per cent higher as investors waited for the outcome of negotiations between Finance Minister Tarrin Nimmanahaeminda and the IMF, dealers said. Investors were also unsure whether Mr Tarrin would return from Washington with any good news, a dealer said.
      AFP  -  803 words
    • Article
      Lock icon SEOUL
      415 12 AFP QOnposttliin ♦187 SHARE prices closed higher yesterday in volatile trade on foreign buying support for blue chips. Dealers said the market witnessed a "dogfight" between sellers and buyers throughout the day. "The reason for a modest gain in morning trade was because of Posco's bullishness, but its slight
      AFP  -  415 words
    • Article
      Lock icon SYDNEY
      588 12 AFP yiAlloriiiarie» +23J SHARE prices rose 0.9 per cent yesterday as a buoyant resource sector surged in late trade, outweighing poor performances by several leading bank issues. "National Australia Bank dragged down the market and the other banks with it this morning," said a broker. The All Ordinaries Index
      AFP  -  588 words
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      Lock icon JAKARTA
      722 12 AFP QCompogte Index *7.45 SHARE prices rose 1.7 per cent yesterday on selective buying, but dealers said the rise had little to do with a revised budget announced by the government in line with IMF-stipulated reforms. Dealers said the budget announcement, following a deal with the IMF, had little
      AFP  -  722 words
    • Article
      Lock icon MANILA
      302 12 AFP Q Manila -3.54 SHARE prices slipped yesterday on a falling peso and the weakness of regional bourses and currency markets, analysts said. "The volatility of regional currencies and stocks will have a major effect on the local market." said a trader. The Composite Index fell 3.54 points to
      AFP  -  302 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        7712 13 Caanaar protects 1999 Laat *•< ®"9 5*? I—I Law Cl—iny Sate 'OOP HNS Law P/1 *5* 245 MO AJbiomoto 210 uneti n3 Jf! KM T3 Angkasa 85 5 O *0 84 JO 125 3 M3 123 ApoBoFoodHIg SS 1 155 155 43 62 0 250 190 SertayaLand 233 -4 OT
        7,712 words
      • Article, Illustration
        Lock icon Shares off lows on technical rebound
        392 13 AFX-Asia |JfWnpngiteindei -1114 SHARE prices closed lower yesterday, but with the Composite Index coming off lows on a mild technical rebound after posting substantial losses earlier as investors squared positions ahead of the holidays, dealers said. The KLSE Composite Index closed down 16.64 points
        AFX-Asia  -  392 words
    • WARRANTS&OPTIONS
      • Article
        Untitled
        3462 14 BONK, LOANS i WAMJMIS 1947/98 Lnt Vol Day Last Oust* Avg High Law Stna Cmpmy Sala <"0001 High Lawi Buyar SaHar Prka M 9 m 3000 m AMOB c5.5******6 81 3160 «Acaf ******1 USS 11 *0.5 24 II 10.5 10.5 12 131 8.5 3164 Acma ******4 115 -1 39 12
        3,462 words
      • Article
        Ipco Int'l wrt: tread with care
        207 14  -  WARRANT WATCH By Yen Sreeniwin A SLEW of warrants has been hogging the top positions in the percentage gainers list for most of this week. One of the top performers yesterday was the recently-issued warrant of infrastructure specialist, Ipco International. The instrument climbed 12
        207 words
    • Article
      CLOB INTERNATIONAL
      2175 14 Transaction Date Jan 23 I MALAYSIAN STOCKS Of Of 1997/98 Last Vol Day Last Oust* DH Dt» YH Not MCap High Low Stno Compowy «Ha fOOO> High Low Buyor Soapf Cw >/l W 478 28 m 1 5000 AISB 50c .84.5 Tis lili 88 763 84 84 5
      2,175 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1141 15 T •W V H 11 5SSS Sffi "52 Bjm ?ffl tSj rT i .s i SCSOAQ 4*M WW ;/Jtyt »il ill im <«*n Mm*** ■nlim *i <694 as* 3 f"! ll SS. 2 *****, 0 0 0 o 4 0 < «Ufii? 000 '*2 J o i 3 1 3
        1,141 words
      • Article
        Untitled
        220 16 jfrrtf V«l—t SingTel 15c 81.965,000 •Renong BM 50c 10,273,000 'Promet 9,180.000 Keppei Land 50c 8,186,000 •Rehapaciflc Bh 7,837,000 •MBf Capital 7,500,000 STEngglOc 7,342.000 OUB Foreign 6,438,000 DBS Land 6,112,000 Wing Tai 25c 5,350,000 Stocta S SingTel 15c 255,732,039 SiA Foreign 50,722,223 DBS Foreign 35,372,826 OUB Foreign 32,038,470 City Dev 50c
        220 words
      • Article, Illustration
        HOT STOCK
        60 16  -  -by Shiv Tanaja WING TAI closed 2.5 cents lower yesterday at 88.5 cents on a volume of 5.35 million shares, compared with its 10-day traded average of 18.6 million shares. In the days ahead, the shcxe price will trade sideways with a negative bim, and longer term, the
        60 words
      • Article, Illustration
        Lock icon Concern over currencies still keeping buyers away
        693 16  -  STOCK MARKET COMMENTARY Prices fall right from the opening bell jus investors decide to square their positions ahead of the holiday-shortened week By Ven Sreenivasan [SINGAPORE] The traditional preChinese New Year rally remained illusive as stocks here continued to slide yesterday, weighed down
        Chart info from Bridge  -  693 words
      • ON THE GRAPEVINE
        • Article
          I M Fedup
          72 16 A BUSINESSMAN, moaning about the seemingly inexorable rise in interest rates in Singapore, was overheard saying: "Can someone tell our bankers that Singapore is NOT on an IMF programme, please!" One of the principal conditions of an IMF package is that countries raise their interest rates to
          72 words
        • Article
          21st century planning
          115 16 DO KIDS have it good or what? A friend who walked into a recently-opened neighbourhood Residential Committee's library was amazed to find that, in a little room off to one side, there resided an impressive beast of a server. Even modest ones can host at least 20
          115 words
        • Article
          Better than retail
          97 16 AND for budding entrepreneurs out there, we serve this tasty (and cool) bit of news. Asia la the world's greatest growth area for ice-cream consumption even it today, Americans are the biggest consumers, accounting for 44 per cent of the world's ice cream. According to a Reuters
          97 words
        • Article
          Ain't all bad
          64 16 AT A time when most stockshops are at least talking about downsizing of one form or another, we are told that DBS Securities is taking this opportunity to boost at least one area. Word has it that they've just hind a Lawrence Lye, ex Nat West Securities.
          64 words
        • Article
          How
          64 16 BUT for the expatriates who are feeling leas -fl than secure in their current employ, here's an inside tip from our contacts. Apparently, one financially sensible criterion which i*j those HR people are using for selecting which expatriate to retrench—all other things being equal—is to pick those whose leases
          64 words
        • Article
          Change of
          110 16 SINGAPORE Technologies' Sun Page will have a new boss just after the Chinese New Year and Hari Raya holidays end. With effect from Feb 1, Wee Way Kiat will fill the void left by Yang Lum Sting's departure to 1 Singapore Cable Vision. Mr Wee will trade his
          110 words
        • Article
          What a
          78 16 "IT WASNT because we were smart," said t Tan, managing dlrartnrnf Prudential-Bache Securities. He was referring to his US-based parent Prudential Securities' purchase of Thai-owned Nava Securities' units in Singapore and Hongkong. It seems Prudential had first eyeballed Nava in 1996 but, at that tima, they were not
          78 words
    • Article
      MAIN BOARD
      4579 15 Transaction Date: Jan 23 Or tr m Wt HOT/IP Lest V«4 Day Last Onata Mv Dk M Ctm Ar% stNa L M« rOOO) L— !»>« Cw P/K fcMI Wo 157 18.5 '02C *CE Dynamic «60c 28 *2 90 29 27 27.5 2* 22.9 26 5*46 ASCNTSI0200 US- v
      4,579 words
    • Article
      SESDAQ
      1019 15 Or Or M Wt 7497/60 Last Va» Day LmIOmK M* Otv VM KM Cm At* >■» Law WM» C4—ar Ian COOOI U» «4«4r Cw W M* Ww soma 166 74 2000 AMHMaiSc nS -I no n» no IM 115 10 4.0 0.1 1443 SU 113 444 74 2044 AS
      1,019 words
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      37 7 Classified ads can get you stereo equipment for a song. No matter what it is, you can always buy it, sell it or find it with the Classified. TOIL FREE 1800-737-1166 LSd Coll Today For Results Tomorrow.
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      586 8 I I LION TECK CHIANG LIMITED I (Incorporated in the Republic of Singapore) I NOTICE OF EXTRAORDINARY GENERAL MEETING I NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the I shareholders of the Company will be held at 10 Arumugam Road #09-00, Lion H Industrial Building, Singapore *****7
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      Page 8 Advertisements Column 2
      700 8 Ik 1 LION TECK CHIANG LIMITED I (Incorporated in the Republic ot Singapore) I NOTICE OF EXTRAORDINARY GENERAL MEETING I NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the I shareholders of the Company will be held at 10 Arumugan Road, #09-00, Lion H Industrial Building, Singapore *****7
      700 words
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      46 8 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C JLT.S. at 1800-737-1166. ft CATS. Anottor Classified Service The Straits Times CLASSIFIED Where buyers and sele» meet Find the perfect item at a garage sale.
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      18 9 Lunch Guide I Your weekly guide to good food -The New Paper Fastads, I Monda y- *—tads I
      18 words
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      507 9 IBHiHPPHIHIIIiIIIiniVVIHIIRH technical resource centre director/manager y ou W j|| provide technical support to the Project Development Manager for the different types and phases of project development work including bid submission, BIBBBIBBBBBBMMMBPHMWWWHWMMiIMIIIIIIIB greenfield project development and asset acquisition. Your principal responsibilities will include providing conceptual designs of the power plant including
      507 words
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      38 12 ♦The Taiwan stock market was (dosed yesterday. |;j§£ WlilW Tanglin Mall, every third Saturday of the month, spcn -11 pen |cax*l r cT fn :cs Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. 1800-737-1166
      38 words
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      21 13 ->:• „:<<***••• ,'■>*■*&'' >■■& 2% -W..- s Make The Straits Times Classified your first pit stop when shopping for your car or motorbike. <3S- i
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      91 14 LONGINESjfSP CONQUEST VHP PERPECTUAL CALENDAR |tt| Very High Precision /20 times more precise than a I I Ah. Calendar date needs no more than a century. Powered by latest generation BiHafl i battery which lasts 10 years. End of Life (E.0.L.) indicator *10 0 H i Sapphire glass. Water-resistant to
      91 words
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  • Page 16 Advertisements
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      1818 16 Nnffop.? To advertise call toll-free 1800-*****83 1 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOUTHERN PARTICLE BOARD PTE LTD (IN VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap. 50 that the FINAL MEETING of
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon In for a bumpy ride
      1575 17  -  COVER STORY But if you hang on, it won't be all bad. taiv so ten finds out what the geomancers have to say about the Year of the Tiger TAN SU YEN LAST YEAR wasn't a very good one for many people, particularly those in
      CHUA  -  1,575 words
    • STRAWS In The Wind
      • Article
        Sensitive business
        89 17 A PHOTOGRAPHER who was going to take some pictures at a government ministry was asked what kind of camera he would be using. The reason for this, he was informed, was because they had to be careful about espionage. Spy cameras, they explained earnestly, could even be concealed
        89 words
      • Article
        False alarm
        60 17 Still on security, a journalist who was in a hurry at Heathrow left his handphone in the little basket provided for such items when he went through the metal detector, and forgot to collect it. By the time he realised he had left it behind, the authorities had
        60 words
      • Article
        Graphic expression
        98 17 A cub reporter was sent out on his first assignment and submitted the following report to his editor: "The woman was injured in a one-car accident today. She is recovering in hospital with lacerations on her breasts." "This is a family paper," the editor said, "we don't use
        98 words
    • LEISURE
      • Article, Illustration
        Showcase of American culture
        1347 18  -  A year-long festival of all things American opens at the Barbican Centre tomorrow. Check it out if you find yourself in London this year, jessica ducben reports JESSICA DUCHEN THINK of American culture and the chances are that Mickey Mouse, hamburgers and that übiquitous phrase "Have
        1,347 words
    • ART
      • Article, Illustration
        Wu's versatile palette
        1740 19  -  Chinese artist Wu Guanzhong's elegant strokes reveal dynamism, movement soul and passion. Bnmuinun reports BEN MUNROE PROM humble beginnings in the rural and very poor Yixing county in Jiangsu, Chinese artist Wu Guanzhong has risen, despite persecution during the cultural revolution, to be among China's most prominent
        1,740 words
      • Article, Illustration
        Just a lot of sound and fury
        670 20  -  CINEMA The action choreography in Hie Replacement Killers shows a dire lack tf imagination By\ Susan Tsang THE Replacement Killers marks Chow Yun-Fat's Hollywood debut. The Hongkong actor, who became a mega-star in Asia and a cult favourite in America through John Woo's
        670 words
      • Article, Illustration
        Lock icon A likeable hero but lacking in charisma
        661 20  -  Hard Rain also suffers from a script which lacks punchy one-liners By\ Susan Tsang HARD RAIN is an entertaining actioner which makes the viewer wonder if Christian Slater is cut out to be an action hero. Slater made his name in teenage fare
        FILE PHOTO  -  661 words
      • Article
        Lock icon Tanasugarn pulls easy upset off Majoli
        722 20 AUSTRALIAN OPEN World No6ont while Sampras makes light work of Gustafsson Reuters [MELBOURNE] Thailand's Tamarine Tanasugarn staged the biggest women's singles upset of the Australian Open as defending men's champion Pete Sampras moved into the fourth round with ominous ease yesterday. Tanasugarn toppled world
        Reuters  -  722 words
      • Article
        B B King displays an eclectic mix of styles
        878 21  -  MUSIC In Deuces Wild, a new album of duets, B BKing plays and sings with contemporary nmsicians By. Ben Munroe CALL HIM the Ambassador of the Blues, the Beale Street Blues Boy, or just plain old B B King, the 73-year-old
        878 words
      • Article, Illustration
        WHAT'S ON
        384 21  -  Compiled by M Yasotha COMCERTS Young Guitar Virtuosos Of Italy Giuseppe Carrer has played as a soloist and in chamber orchestras and ensembles since 1982. His performance for the evening includes Ponce's Variations on Folia de Esparia and Fugue, Giuliani's Rossinianq and Sor's Sonata, Op 2 Feb 6,
        384 words
    • EPICURE
      • Article, Illustration
        Lock icon Celebrating with a one-pot meal
        1062 22  -  Ifs the soup stock and dipping sauce that make or break a steamboat meal, tam su yew looks at what some restaurants are offering TAN SU YEN A STEAMBOAT bubbling over with fresh ingredients has become the celebration meal of choice at many Lunar New
        PHOTOS BY ARTHUR LEE  -  1,062 words
      • Article, Illustration
        Break fast with a truly Middle Eastern buffet
        736 22  -  RESTAURANT The centrepiece of the Bnmndan pmilti(Rl &t Hilton is the shawarma or lamb roasted over a pit By' Tan Su Yen DUSK on the 24th floor pool terrace of Hilton Hotel is nowhere as romantic as the many rooftop restaurants to
        736 words
      • Article
        A buying strategy in tumultuous times
        840 22  -  WINE CONNOISSEUR Buynowifyen're replacing sticks. But for the investor the word is'wait' By N K Yong WINE lovers are in a quandary resulting from the present financial and economic turmoil. If we take as a starting point the fact that wine lovers love buying
        840 words
    • Article, Illustration
      CINEMA
      730 23 Afterglow. Wife-swapping and husband-sharing in this unwholesome foursome movie. Julie Christie and Nick Nolte star. R(A). Yangtze. City Of Industry. Gritty crime flick with Harvey Keitel as a bank robber stalking his treacherous accomplice Stephen Dorff. Oriental. Devil's Advocate. A young lawyer (Keanu Reeves) and his wife are lured
      730 words
    • Article
      ENQUIRIES AND BOOKINGS
      112 23 Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 >W«fek Empress 777-5867 Jubilee 464-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Bedok 4&2406 Bishan 353-8885 Boon Lay 792-2788 Broadway 454-9394 Majestic 533-9032 Marina 337-9488 Pavilion 786-5788 Tampines 8 786-6788 Tiongßahru 274-6588 Yishun 257-7848 Clements Cwealth 777-0669 Golden/New
      112 words
    • TRAVEL
      • Article, Illustration
        Lock icon The timeless charm of Galle
        1384 24  -  Within its old fort walls is a town that's still throbbing with life, to cam nm soaks in the old-world atmosphere of this Sri Lankan port city YU CHIN FUN The writer was a guest of Colombo Hilton at its 10th anniversary celebrations last year.
        PHOTOS BY YU CHIN FUN  -  1,384 words
      • Article, Illustration
        A painstakingly eco-friendly approach
        905 24  -  Few pests are likely to leave Kandalama Hotel withent appreciating the beauty of nature By Yu Chin Fun A SLIM figure in white sat on the hillside playing a flute. Haunting Sinhalese music began to fill the air as we sipped our coffee at Kandalama Hotel's
        905 words
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      5 17 Art Wu Guanzhong EL 3
      5 words
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      Page 17 Advertisements Column 2
      202 17 Epicure Celebrating /TK with a |B^C£^^HeL*. one-pot meal el 6 .v- 4 TheßusinessTimes v y° 0 rea^( the stress of work or j>'-<f~ business. Enler this contest and get a chance to win spa packages hat will relax and refresh you. Just I wsWZquesHon in the space proAfedWow. Prizes include'
      202 words
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      34 19 Selected Fine Works by Wu Guanzhong by Soobin Art Gallery continues at Duhualou Exhibition Hall, 1 Halifax Road, until Feb 11. Closed Jan 26 to Feb 3. Open Ham-7pm Mon-Sat, 11am-spm Sun. Tel: 392-2066.
      34 words
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      30 20 Coming to Shaw, Golden Village, Eng Wah and Studio City cinemas. Rated PG. Showing at all cinema chains. Rated PG. Put The Straits Times Classified to work for you today.
      30 words
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      786 21 Deuces Wild by BB King is available in all good record stores. Where to wine, dine and entertain^. What better way to celebrate a great week than Sunday Brunch at Tke Cafe-in-Tke- Park? Enjoy tke finest krunck and service at only $28* \i\ per adult (only $14* for tke kids).
      786 words
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      Page 21 Advertisements Column 2
      196 21 i 133 /J CiUin&on AT MANDARIN SINGAPORE Savour traditional Chinese New Year favourites with us as we usher in the Year of the Tiger this Lunar New Year season Call 831 6262 for more details. i 133 Orchard Road. Singapore 2i**«7 Tel *****11 JG, a eEBII Step Into Our Garden
      196 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      2164 23 TODAY'S TV TTI Ya Alif (r). RECOMMENDED VTEWIHG I I i3O Taman Sesame. 8.00 AM TVSN. I I MO Jackie and Her Bushbaby Pnnfr»nnfin(T and put a stop to nefarious tS J I inSavanah. confronting activities. stLsam Rf. Jyi bLI Sr* u Dl aDartheid Jones, Mickey Rooney and XOO Basketball:
      2,164 words
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