The Business Times, 28 February 1998
1998-02-28
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The Business Times
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Title Section14 1998-02-28 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, FEBRUARY 28-MARCH 1,199814 words
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Article65 1998-02-28 1 sra M 538 (+20.43) BT-SRI 003J4 (+9.69) STOUT 1429.81 (+24.68) BTMGA 847j06 (+7.42) STOdMAHET DOWCES Friday Change KLSK COUP 745* 17 66 NIKKEI 16,***** >***** HANG SENG 1t,4»«9_>2555l SET INDEX 528.42 *4M JAKARTA COUP _482J8 143 MANILA COMP _t2»L30 'MM TAIPEI WPt 92(HJ* -2663 SEOl'LCOMP 548.42 >2344 CI5A65 words
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Article75 1998-02-28 1 EXOUJKEIATEr uss ss rss i.»i8 1647 UK DM 0.561 0892 YEN 100 0790 \m MS 0173 1442 HKS 0.129 0509 BAHT 0 023 0.038 RUP1AH 100 0.011 0.018 Interbank raUt PUKE BATES SINGAPORE* 7.85 KUALA LUMPUR. 10.45 JAKARTA 22.00 BANGKOK 15.25 MANILA 27.50 HONGKONG 10.25 TAIPEI 8M SYDNEY 6.0075 words
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Article, Illustration1249 1998-02-28 1 Catherine Ong - Dr Ha announces 25% hike in devt spending and targeted tax reliefs fty Catherine Ong [SINGAPORE! Finance Minister Richard Hu yesterday un veiled a budget that contained no "major stimulus initiatives" for the economy but kept the powder dry for any "sudden downturn". He refused to1,249 words
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Article605 1998-02-28 1 Abdul Hadhi, Diana Oon - Land supply reduced; property-related taxes to be cut By Abdul Hadhi, Diana Oon (SINGAPORE) The government yesterday gave property developers a dose of muchneeded relief by announcing a further reduction in land sup ply and cuts in property-relat-ed taxes. Finance Minister Richard Hu, describing the health605 words
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315 1998-02-28 1 Over 3,000 foreigners detained this month, mostly Indonesians Reuters [KUALA LUMPUR] Malaysia has stepped up coastal patrols after an "alarming" number of foreigners, most of them Indonesians, were caught trying to enter the country by boat, a senior official said.Reuters - 315 words
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Article617 1998-02-28 1 VIKRAM KHANNA - OOmtEMTAKT Singapore didn't need a budget with 'crisis' written all over it writes VIKRAM KHANNA VIKRAM KHANNA JUDGING from the lukewarm responses from the various Chambers of Commerce, the budget unveiled yesterday by Finance Minister Richard Hu is not quite the stuff of corporate Singapore's dreams. Various617 words
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Page 1 Advertisements
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Advertisement132 1998-02-28 1 DISIPE Rnmi gtake Bumiputra ownership in listed companies in Malaysia has surpassed the policy target of 30%, according to latest data from the Kuala Lumpur Stock Exchange, Pgl4 J P Morgan to cut staff US investment bank J P Morgan will cut 6% of its Asia-Pacific staff of 1,700 employees,132 words
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Advertisement91 1998-02-28 1 20% jump in development spending, Pg 2 Tax perks for business done on the Internet, Pg 3 Bouquets, brickbats, Pg 4 Extracts from Dr Hu's budget speech, Pg 5 The Living Legend ***^••11^41 i-i jiiiiii- I^l J >flclßP World Premiere: Bl- Retro Collection Minute Date Retrograde with jumping Hour gerald91 words
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BUDGET 98
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756 1998-02-28 2 Ronnie Lim - More spending on areas like education, defence; projects like North-East MRT line By Ronnie Lim THE government will spend substantially more on infrastructure this year to "provide stimulus to offset slowdowns in sectors affected by the regional crisis". Finance Minister756 words
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458 1998-02-28 2 Diana Oon - Four parcels to be marketed in July; there will also be four exec condo sites ny\ Diana Oon THE government will release six residential and nine commercial sites this year, with the first slated to be launched in July. All the residential458 words
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Article, Illustration491 1998-02-28 2 Audrey Tan - ECONOMIC OUTLOOK But govt will take off-budget measures on sadden downturn By Audrey Tan ALTHOUGH the current economic outlook is fraught with uncertainties, drastic policy changes are neither appropriate nor necessary at the moment, Finance Minister Richard Hu said yesterday. "It is491 words
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Article, Illustration165 1998-02-28 2 FOR foreign and local exhibition organisers, it was a tax break out of the blue a concessionary tax rate of no less than 10 per cent on their incremental income for the year of assessment 1999. Jimmy Lau, managing director of Reed Exhibitions, organisers165 words
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333 1998-02-28 2 Ang Wan May - Moderate adjustment for current tenants; some say concessions not far-reaching Ang Wan May THKKK will be a rental freeze for new tenants of Jurong Town Corporation and Housing Development lioard industrial properties until end June next year. For existing tenants, rental adjustments333 words
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486 1998-02-28 2 SINGAPORK's priority this year should be to protect jobs, but there is still a need to attract foreign talent to work here. Finance Minister Richard Hu said yesterday. He announced tax measures to draw foreign talent to Singapore, to help offset486 words
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Article, Illustration445 1998-02-28 3 Toh Han Shih - Electronic commerce firms say this will make Singapore a hub of Net trading By* Toh Han Shih Finance Minister Richard Hu yesterday announced a surpirse a 10 per cent concessionary tax rate on offshore trading income derived from transactions over the Internet,445 words
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461 1998-02-28 3 Jennifer Lien - Businesses, individuals hail abolition but say benefits limited ////J Jennifer Lien BUSINESSES and individuals yesterday welcomed the abolition of stamp duties from most instruments, hut noted that the duties will remain for "big ticket items". Finance Minister Kichard I iu announced that stamp461 words
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Article, Illustration459 1998-02-28 3 Christopher Tan - By< Christopher Tan MOTORISTS and the motor industry are awaiting details of changes to the vehicle tax structure to be announced next week, but Finance Minister Richard Hu gave a broad enough hint yesterday of what they can expect inFILE PHOTO - 459 words
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470 1998-02-28 3 Shiv Taneja - FINANCIAL SERVICES Bnt tax exemption thresholds still too high, say players By Shiv Taneja ON the back of major moves to liberalise the fund management industry announced on Thursday, Finance Minister Richard Hu yesterday outlined new fiscal measures to further boost470 words
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476 1998-02-28 3 Larry Wee - Syndication perks good for going regional: analysts /'</ Larry Wee THK development of an active bond market in Singapore will be further boosted by latest tax incentives announced yesterday, analysts said. They noted that this was especially so because it came hot on the476 words
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510 1998-02-28 3 Siow Li Sen - HU Siow Li Sen HANKS will now have greater flexibility to "make as much general provisions as possible" against potential losses at least for two years with the temporary removal of the annual caps on tax deduction for provisions. Since 1991, banks and510 words
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317 1998-02-28 3 Soh Tiang Keng - SHXFPXMG H,j\ Soh Tiang Keng THE government has given a 10-year tax exemption on income from writing marine hull and liability insurance. Finance Minister Richard Hu. noting that Asian shipping companies own more than 40 per cent of world shipping tonnage today, said317 words
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320 1998-02-28 3 Marcus Hand - Move will enhance Singapore's status as a global shipping hub Marcus Hand SURPRISE tax breaks designed to enhance Singapore's status as an international shipping hub were welcomed by the shipping community yesterday. Finance Minister Richard Hu announced that from YA99. foreign shipowners or charterers320 words
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Article, Illustration535 1998-02-28 4 Chris Kinsalla Director of tax. Coopers Lybrand BOUQUET: "He hasn't panicked. He has hinted at the possibility of mini-budgets ahead, but at the moment it's steady as she goes. There are to be no knee-jerk responses. It's a longterm strategic budget, and in the circumstances that was535 words
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Article366 1998-02-28 4 "We are half happy. We wanted a moratorium on land sales." Daniel Teo, president of Real Estate Developers' Association of Singapore "The Singapore Confederation of Industries is disappointed that the manufacturing sector appears low on this budget s list of priorities." Bob Tan, deputy president of the366 words
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318 1998-02-28 4 Carol Eng - By< Carol Eng THE government will now share equally with financial institutions the risk involved in factoring and working capital loans. Also, the maximum factoring and working capital loan for each company will go up from $5 million to $8 million. These318 words
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Article376 1998-02-28 4 David Boey - Rebates also on HDB service conservancy charges and rentals By. David Boey IN response to slower economic growth, the government will give a "measure of relief to taxpayers" with an across-the-board 5 per cent rebate on individual income tax in Year of Assessment 1998.376 words
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416 1998-02-28 4 Clarissa Tan - Bat restrictions may mean not many rushing to grab offer Hy Clarissa Tan CPF members welcomed the additional avenue to boost returns on their CPK savings, although not many will be rushing out to grab the offer. Finance Minister Richard Hu yesterday said members416 words
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Article, Illustration4521 1998-02-28 5 The following are extracts from the budget speech by Finance Minister Richard Hu in Parliament yesterday. MR Speaker, Sir, for the FY9B budget, substantial increases in infrastructure expendi ture will provide stimulus to offset slowdowns in sectors affected by the regional crisis. Although GDPARTHUR LEE - 4,521 words
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Page 3 Advertisements
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Advertisement11 1998-02-28 3 Clinton wants world ban on new taxes on cyber trade, Pg911 words
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Page 4 Advertisements
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Advertisement236 1998-02-28 4 Analysis of the Singapore Budget 1998 4 March 1998 2.00pm-5.30pm Mandarin Singapore Ballroom How will the Budget impact you and your organisation? What effect will it have on your business plans for the future? The speakers at Ernst Young's 199S Budget Seminar will be trying to help you find answers236 words
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SINGAPORE AT HOME & ABROAD
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387 1998-02-28 6 Carol Eng - liy Carol Eng MOST organisations that award scholarships say they do not have a significant problem of scholars breaking bonds, a poll yesterday found. And the Public Service Commission, the biggest source of scholarships here, says it will not publish the names387 words
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Article, Illustration350 1998-02-28 6 Ven Sreenivasan - PARLIAMENT Mitigating factors will blnnt impact of the depreciation of regional currencies Ven Sreenivasan THK depreciation of regional currencies against the Singa pore dollar will erode the Republic's export competitiveness somewhat. but mitigating factors will blunt the impact. Deputy Prime Minister l*»e llsien350 words
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487 1998-02-28 6 Ronnie Lim - It says turmoil has hit demand, prices of product Hy\ Ronnie Lim THE regional economic turmoil has led Japan's Asahi Chemical to suspend its US$5O million (SsBl million) plant investment here for a year the first such upset in the chemicals487 words
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IN Brief
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57 1998-02-28 6 FEWER workers lost their jobs last year than in 1996. But of the 9,784 who were retrenched last year. 4,278 were laid off in the fourth quarter alone, Labour Minister Lee Boon Yang said. On average, workers who were re-employed landed their new jobs in57 words
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118 1998-02-28 6 THE government is prepared to divest fully its stakes in government-linked companies (GLCs) other than strategic industries related to Singapore's defence or economy, Finance Minister Richard Hu said. But the divestment would have to be managed properly, he said in reply to NMP118 words
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107 1998-02-28 6 THERE were eight requests this year from successful tenderers of government land for a delay in paying the balance of their bids. Parliamentary Secretary for National Development Koo Tsai Kee said the tenderers were Centrepoint Properties Pte Ltd, Orchard Terminal Pte Ltd, Allgreen107 words
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96 1998-02-28 6 THE Ministry of Finance is unaware of any investigations on Singapore Airlines for offering inducement or gratification to any official of Middle East Airlines for leasing SIA planes, Dr Hu said in reply to a question by NCMP JB Jeyaretnam. "If Mr96 words
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94 1998-02-28 6 KEPPEL Corporation directors will not be prosecuted for giving a bribe to Exxon employee Cornelius van der Horst, Minister of State for Law Ho Peng Kee said in reply to Mr Jeyaretnam. "In this case, the public prosecutor decided that the company should be94 words
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61 1998-02-28 6 INFORMATION and the Arts Minister George Yeo yesterday introduced the Films (Amendment) Bill 1998 which tightens curbs on the distribution of pornographic video tapes and bans videos by political parties. While MPs supported the tougher measures to curb the distribution of lewd videos, several61 words
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99 1998-02-28 6 THE government will ask the team of international experts investigating the Silkair Mlldo crash to reveal their findings after it has completed its review of the investigations in Jakarta. Communications Minister Mah Bow Tan said. On matters of compensation, amounts to be paid out99 words
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95 1998-02-28 6 AN employee who is covered by the Employment Act is eligible to claim retrenchment benefits if he has a minimum of three years of service. Minister of State for Labour Othman Haron Eusofe said. He added that the Employment Act does not stipulate the quantum95 words
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Page 6 Advertisements
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Advertisement519 1998-02-28 6 g ft Focal Finance Focal Finance Limited (Incorporated in Singapore) A Member of the OCBC Group ANNOUNCEMENT The Board of Directors is pleased to announce the following audited results of the company for the year ended 31 December 1997:1997 1996 PROFIT STATEMENT $'000 $'000 Owge Gross operating income 83,819 79,612519 words
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Page 6 Miscellaneous
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Miscellaneous248 1998-02-28 6 CRYPTIC CROSSWORD I A kins In love story said to 1 If ciuiimk n m HH| mi 4 Uuht equipment miner ami JBL-JML— the ultimate n II the end of .luly r jy 14 A state of pure chaos (4) I I I I I I I I I I248 words
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MARKETS IN TURMOIL
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488 1998-02-28 7 Reuters [SEOUL] South Korean officials went on the road yesterday to finalise a debt rollover deal and reassure international creditors that the country's debt crisis was under control. The first stop was scheduled for Tokyo, Seoul's biggest and most importantReuters - 488 words
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567 1998-02-28 7 Meera Tharmaratnam - Agency warns property glut threat could up level of non-performing loans fiy Meera Tharmaratnam in Kuala Lumpur RATING agency Standard Poor's slashed the ratings of six Malaysian banks and placed another on credit watch yesterday, on concerns that weakened economic567 words
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Article, Illustration254 1998-02-28 7 Reuters (JAKARTAI Senior officials yesterday laid the groundwork for today's Asean finance ministers meeting in Jakarta, with plans to conduct intra-Asean trade in local currencies rather than US dollars high on the agenda. Officials said the preparatory talks were going well andReuters; REUTERS - 254 words
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Article, Illustration858 1998-02-28 7 Indon troubles now seen as political crisis wrapped around economic one NYT, Bloomberg [WASHINGTON] The Clinton administration has concluded that President Suharto of Indonesia has once again sent the effort to rescue his country wildly off track, ignoring most ofNYT,; Bloomberg - 858 words
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232 1998-02-28 7 They have to close nnneeded accounts, sell forex for dong Bloomberg {HANOI) Vietnam, its hard currency reserves dwindling as it devalues its own currency to support exports, is making another bid to stamp out corporate dollar hoarding. It ordered firms to close unneeded hankBloomberg - 232 words
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Advertisement1632 1998-02-28 7 %sn CM Telecom International Limited (Irtf Ofpff4<rtl ie\ +rt9* IMUIfH flMlllf/l NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of the shareholders of the Company will be held at Pegasus of Marina Mandarin Singapore. Level 6, 6 Raffles Boulevard. Marina Square. Singapore *****4 on1,632 words
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REGION
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286 1998-02-28 8 SEOUL Unemployment hits 11-year high; average of 107 firms went bust daily in January Bloomberg AFP SOUTH KOREAN economic output posted its steepest monthly plunge on record last month, and unemployment soared to an 11-year high as consumer demand tumbled and creditBloomberg; AFP - 286 words
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Article, Illustration447 1998-02-28 8 Eddie Toh - KUALA LUMPUR Eddie Toh THK ambitious plan to build a monorail system to ease the traffic gridlock in Kuala Lumpur has hit a snag. Work on the monorail track cutting across the prime and congested (iolden Triangle area has come to aREUTERS - 447 words
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641 1998-02-28 8 Yogi Aggarwal - NKWDKMI Bat it's still too close to call if Congress or BJP will lead parties Yogi Aggarwal AS India goes for the third and last phase of the general parliamentary elections for the 12th Lok Sabha (lower house) today, analysts predict641 words
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278 1998-02-28 8 TOKYO But some curbs stay after March 11 lifting of five-decade ban Reuters JAI'ANKSK banks will get a tentative go ahead on March II to establish financial holding companies, from which they have been barred for five decades. Such deregulation couldReuters - 278 words
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526 1998-02-28 8 Peter Seidlitz - BEIJING h\>, Peter Seidlitz THE new head of the World Bank mission in China has given the thumbs-up to Beijing's efforts in tackling some of the challenges facing the country, such as the failing state sector and surplus rural labour. "The Chinese have526 words
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Page 8 Advertisements
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Advertisement1113 1998-02-28 8 /yw^r-j (\Vholly-Owned by Government of India) Head Office: 31 Rajaji Salai, Chennai 600 001, India BALANCE SHEET AS AT 31ST MARCH 1997 AND PROFfF AND LOSS ACCOUNT M 11 BgHßlllßHpmpa I Capital 1 653.96.00 653.96.00 INCOME i Reserves and surplus 2 403.55,10 407,96.14 Interest earned 13 1563,16,43 1502)87,46 Deposits 31,113 words
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THE WORLD
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557 1998-02-28 9 Andrew Marks - WASHINGTON US bull ran resumes after initial jitters; analysts say he's concerned bnt does not want to cry wolf By* Andrew Marks US Federal Reserve chairman Alan Greenspan doesn't usually have trouble expressing strong opinions. But his Hum-phrey-Hawkins testimony to557 words
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362 1998-02-28 9 WASHINGTON Bloomberg THE US economy grew at a slower pace in the fourth quarter than previously estimated as consumer spending slowed, while inflation ran at one of the lowest rates in more than 30 years. The gross domestic product. the total outputBloomberg - 362 words
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Article, Illustration65 1998-02-28 9 [COSTA RICA] A double exposure of a partial solar eclipse as seen from the National Park in San Jose on Thursday. Crowds gathered in the streets of the capital of this small Central American country to watch the moon passing between the Earth and the Sun. ItREUTERS - 65 words
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387 1998-02-28 9 BRUSSELS EMU on schedule, based on surprisingly good deficit figures Reuters GERMANY, Italy and France came up yesterday with bet-ter-than-expected 1997 deficit figures that should ensure a timely launch of the European single currency with 11 start-up members. Germany, the key to theReuters - 387 words
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213 1998-02-28 9 SAN FRANCISCO Reuters PRESIDENT Bill Clinton has called for a US and international ban on new taxes on cyberspace business transactions, saying economic prosperity depended on "full development" of the Internet. "There should be no spe cial breaks for theReuters - 213 words
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275 1998-02-28 9 THE HAGUE Reuters IN a blow to London and Washington, the International Court of Justice ruled yesterday that it had jurisdiction to hear Libya's complaints against Britain and the US over the 1988 Lockerbie airliner bombing. The United Nations court also found thatReuters - 275 words
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Page 9 Advertisements
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Advertisement644 1998-02-28 9 BRITISH-AMERICAN TOBACCO COMPANY (SINGAPORE) LTD (Incorporated in the Republic of Singapore) PROFIT AMP DIVIDEND ANNOUNCEMENT The Board of Directors is pleased to announce the following audited results of the Group and the Company for the year ended 31 December 1997. (1000s) THE GROUP THE COMPANY 1997 1996 mi 1596 A.644 words
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Page 9 Miscellaneous
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Miscellaneous39 1998-02-28 9 DOOHESBPRY By Garry Trudeau 9OHOWVYOU J THOUGHT I LOST 7HE nDiTAFferr eem-ePiA- hI&UJIHS*THZSCXE£N 1/5 LOGOS BACK* FROZE-, BUT WHEN IPOW- AT ALL* °NLYB.P9. \jHBY STJLL FUNNY*^^^ efiSP BACK UV AT ALLY OJTHBNBV- IT I JUST j EVERYTHING EF.MAK3S —^7^39 words
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ISEAS Trends
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Article, Illustration1666 1998-02-28 10 John Wong - WATCHING THE FERE The financial crisis in South-east Asian countries is unlikely to be repeated in China as its external finances are very different but it will not be totally unaffected, says John Wong John Wong Professor John Wong is Research Director of theAFP - 1,666 words
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Article, Illustration1471 1998-02-28 10 Nick J Freeman - Hie financial turmoil in South-east Asia will soon affect trade and investments of the Indochina countries, which should resist any temptation to backtrack on economic reform By Nick J Freeman Dr Nick J Freeman is Head of Indochina Research at ING Barings, based inAFP - 1,471 words
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Article, Illustration1134 1998-02-28 11 John Funston - FQCTTS ON THATT.ANP The economic crisis in Thailand is unlikely to lead to major social and political unrest, writes JohnFnnston John Funston Dr John Funston is a Senior Fellow at the Institute of Southeast Asian Studies. SCENES splashed across the international media inAFP - 1,134 words
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Article, Illustration1493 1998-02-28 11 Mukul G Asher, V V Bhanoji Rao - Thailand cannot depend on the same high levels of savings as before and will have to learn to use available savings more efficiently By Mukul G Asher, V V Bhanoji Rao Dr Mukul G Asher is Associate Professor of Economics andAFP - 1,493 words
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Article, Illustration2175 1998-02-28 12 Tan Khee Giap,Chen Kang - Tan Khee oiap and Chen Kang take a look at recent developments Tan Khee Giap,Chen Kang Dr Tan Khee Giap is Head, Central Banking Policy Research Unit, and Dr Chen Kang is Head. Econometric Modelling Unit, Xanyang Business School, Xanyxing Technological University.2,175 words
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Article, Illustration1172 1998-02-28 12 John B Haseman - A new generation of professionals has assumed top leadership positions By. John B Haseman John B Haseman is a retired US Army Colonel and a former Defence Attache to Indonesia. He lectures frequently on Indonesian Affairs at American and Australian universities. INDONESIA'S senior armedREUTERS - 1,172 words
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Article, Illustration1400 1998-02-28 13 Ralph A Cossa - There has been a proliferation of track two activity in recent years. Ralph A Com describes its main currents and explains why it is important Ralph A Cossa THE Asean Regional Forum (ARF) has become an important vehicle for promoting officialAFP - 1,400 words
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Article, Illustration964 1998-02-28 13 Alan Dupont - Environmental concerns in East Asia over nuclear power plants could intensify competition for oil and gas Alan Dupont WHILE the prolifera tion of nuclcar weapons has long been a central preoccupation of security planners relatively little attention has been paid to theREUTERS - 964 words
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Page 11 Advertisements
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Advertisement249 1998-02-28 11 Vends A monthly publx-ailon of Ihe Institute of Southeast Asian Studies The Publication Editor-in-chief Chia Siow 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 Heng Chee (Singapore) Stephen249 words
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Page 13 Advertisements
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Advertisement252 1998-02-28 13 I NEW BOOKS from ISEAS Megacities, Labour, and Communications [WV9|Y|¥|YEVVV|J| Toh Thian Ser, editor llTjllH jlllIII Three major global trends which are changing the world IMMMfMMMJJIIIHIfI we live in are the mushrooming of megacities (especially llV|n|V|||^|^JPH in Asia), the increasing flows of people across borders, both legally and illegally, and252 words
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COMPANIES & MARKETS
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Article, Illustration435 1998-02-28 14 Eddie Toh - But in entire private sector, bnmipntra stake is still below 30%, says ELSE From! Eddie Toh in Kuala Lumpur BUMIPUTRA ownership in listed companies in Malaysia has surpassed the policy target of 30 per cent, according to latest data from the KualaSource: KLSE - 435 words
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Article122 1998-02-28 14 (SINGAPORE) British American Tobacco Company (Singapore) Ltd has reported a 9 per cent fall in net profit to $29 million for the year ended Dec 31.1997. Turnover was down 14 per cent to $284.9 million while other income including inter- est income rose122 words
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452 1998-02-28 14 Abdul Hadhi - Analysts expect provisions for losses from unsold units Ha- Abdul Hadhi ISINGAPOKKI In a clear sign that the dust has yet to settle for property companies, analysts are continuing to revise earnings forecasts down wards. In the March edition of The Estimate Directory, the con sensus452 words
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Article, Illustration382 1998-02-28 14 Annette Pau - By. Annette Pau [SINGAPORE! Thirty shareholders of CAM International, mostly retirees, yesterday gave the company the go-ahead for its package of "self-help" measures, approving all the proposed resolutions in an amicable hour-long annual general meeting. Among the measures approved was the issue of382 words
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618 1998-02-28 14 Al Labita - HOCK LOCK SIEW Al Labita INDONESIA'S Salim Group may have miscalculated in its bid to take over food and beverage behemoth San Miguel Corp (SMC). Its strategy has failed to take into account the political considerations that buying SMC entails. Being618 words
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334 1998-02-28 14 IPC says it has not received any word about the takeover [SINGAPORE] IPC Corps German associate Hagenuk Telecom is fast slipping from its hands with the emergence of yet another buyer for the German telecommunications equipment maker. Yesterday, Dusseldorflisted Tiptel AG, a German telephone334 words
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184 1998-02-28 14 [SINGAPORE] Hardware dealer Sin Soon Huat yesterday said its net profit dropped 46 per cent to $3.6 million for the half-year to November 1997. Its turnover fell 20 per cent to $49.11 million, due to a slowdown in regional sales of184 words
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REGIONAL/INTERNATIONAL COMPANIES
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490 1998-02-28 15 Quak Hiang Whai - Less than 25 affected in S'pore; investment bank latest casualty of regional woes From Quak Hiang Whai in Hongkong US INVESTMENT bank J P Morgan yesterday said it would cut 6 per cent of its Asia-Pacific staff of 1.700490 words
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272 1998-02-28 15 FT [LONDON] Could Glaxo Wellcome launch a hostile bid for SmithKline Beecham? If Glaxo went ahead, it would have to offer about £50 billion (Ssl33 billion), making it the biggest takeover bid in history. But three days after their proposed friendly mergerFT - 272 words
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259 1998-02-28 15 Bloomberg [ZURICH) Asea Brown Boveri (ABB) posted an implied fourth-quarter loss of US$2O2 million (*****.74 million), which was less than expected as a reorganisation charge had less effect on profit than analysts had predicted. The loss, which compared with a profitBloomberg - 259 words
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COMPANY Briefs
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113 1998-02-28 15 [SINGAPORE] Presscrete Holdings yesterday posted a 23.3 per cent decline in net profits to $1.24 million for the full-year to November 1997, while turnover slipped 2.1 per cent to $19.2 million. Earnings per share fell to 2.05 cents from 3.32 cents while net tangible113 words
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91 1998-02-28 15 [SINGAPORE] Focal Finance yesterday said its net earnings fell 13.4 per cent to $16.5 million as operating income rose 5.3 per cent to $83.8 million for the year to December. Earnings per share fell to 32 cents from 36 cents. Net tangible assets91 words
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Article70 1998-02-28 15 [SINGAPORE] Sesdaq-listed Asiamatrix said yesterday that it had changed the names of several subsidiaries: Asiamatrix Management Pte Ltd to AM Eye Centre Pte Ltd with effect from Feb 9,1998; Caerleon Pte Ltd to Orchard Imaging Centre Pte Ltd from Jan 20; Rogeston Pte Ltd to Aesthetic Medical70 words
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84 1998-02-28 15 [SINGAPORE] Casa Holdings is taking a 30 per cent stake in Profound Manufacturing Sdn Bhd, a company which makes and assembles electrical household appliances in Malaysia for domestic sales and for export. It will subscribe for 150,000 0f499,998 new shares of one Malaysian84 words
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78 1998-02-28 15 [SINGAPORE] Super Coffeemix Manufacturing is forming a joint venture in Myanmar. The company said yesterday that its subsidiary, SCML Overseas Pte Ltd, had agreed to tie up with Myanmese businessman U Zaw Win. They will form a 60:40 joint venture called Super Coffeemix Limited (SCL).78 words
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54 1998-02-28 15 [SINGAPORE] Sony International (Singapore) has bought Haw Par Corporation's 20 per cent stake in Sony Marketing International (Singapore) for $43 million. Haw Par said the sale was not expected to have any material effect on its net tangible assets for the current financial54 words
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303 1998-02-28 15 Eddie Toh - Separate statements come after talk that Genting may buy into Konsortium hYom Eddie Toh in Kuiiln Limi/mr THE Genting group, owned by Malaysia's richest man him (ioh Tong. could end up taking a stake in Mir/an Mahathir's shipping group Konsortium Perkapalan. if separate state- ments303 words
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Article, Illustration51 1998-02-28 15 [R AST ATT, Germany A Mercedes-Benz staff member explaining the new features of the Mercedes-Benz A Class during the official relaunch of the troubled model at the assembly factory here on Thursday. Mercedes-Benz had to improve the car due to safety problems following the scxalled "Elk TestREUTERS - 51 words
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Article250 1998-02-28 15 Bloomberg [BETHESDA, Maryland] Lockheed Martin and Northrop Grumman shareholders have separately approved Lockheed's purchase of Northrop for about US$2 billion (553.2 billion). Both votes were overwhelmingly in favour of the deal. The companies now await approval from the Justice Department and the Defence Department. On Thursday,Bloomberg - 250 words
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127 1998-02-28 15 AFP (MANILA) Ayala Corp, a real estate-based Philippine conglomerate, said yesterday that its net profit in 1997 rose 3 per cent over 1996 to hit 6.39 billion pesos (*****.3 million). Ayala Corp's flagship firm, Ayala Land Inc. saw its net profit rise 5AFP - 127 words
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204 1998-02-28 15 Bloomberg (BANGKOK) Shinawatra Satellite Pel, which has a government granted monopoly for satellite communication services in Thailand, posted a greater-than-expected loss of 4.5 billion baht (SSIfM.S million) in 1997, from a profit of 241 million baht the previous year. Almost 90 |M?r cent ofBloomberg - 204 words
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Article311 1998-02-28 15 Al Labita - hYtrm, Al Labita in Manila THE Philippines Stock Exchange (PSE) yesterday revamped its key 30-share Composite Index, adding to the list taipan John Gokongwei's Digital Telecommunications and a unit of San Miguel Corporation. The new index, to take effect on Monday, weeded out the Union311 words
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746 1998-02-28 15 OwmN Mwwrt 1-artft i -mHk 4mt% D«*mK mmm* I-am J art* t art* Bank of CMm m$ 25.000 *****9 ***** trtoo sijoo «o«, 250.000 S00 000 5 3700 6 7600 ***** to.ooo 49.999 ***** ***** 4 woo 50.000 I746 words
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FINANCE & COMMODITIES
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Article, Illustration535 1998-02-28 16 Siow Li Sen - Spain's largest financial group is said to have paid USs2om for the unit Siow Li Sen [SINGAPORE] Spain's largest financial group. Banco Santander. is set to launch itself onto the somewhat bruised Asian investment banking scene via its acquisition of Peregrine's international535 words
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396 1998-02-28 16 It's shifting more hinds to foreign banks, investment advisers Bloomberg (TOKYO) Sony Corp said it will stop entrusting any of its 200 billion yen (552.5 billion) in pension fund assets to Japanese life insurers and will shift more funds to foreign trust banks andBloomberg - 396 words
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275 1998-02-28 16 FT (NEW YORK) Michael Milken, the financier who created the junk bond market in the 1980s but spent two years in prison for violating securities laws, on Thursday agreed to pay US$47 million (5576.3 million) to settle a Securities and Exchange CommissionFT - 275 words
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Article, Illustration427 1998-02-28 16 USS/mark: The greenback barely traded higher against the mark during Asian hours on Monday, touching 1.8278 before plummeting to a low of 1.7908 on the same day a 2 per cent depreciation overnight. Thereafter the unit recovered, climbing back to a high of 1.8219 on Thursday.Source: DBS Bank - 427 words
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241 1998-02-28 16 Bernama PTI (BOMBAY) Gold demand in South-east Asian countries fell by 10 per cent to 742 tonnes in 1997 due to the economic and currency crisis during the second half of the year, a World Gold Council report said. This was evident inBernama; PTI - 241 words
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187 1998-02-28 16 Charlie Kuo - MSG! TAIWAN FUTURES Charlie Kuo Feb 26. Charlie Kuo, service dealer, Refco S pore Pte Ltd (SINGAPOKKI The Simex MSCI Taiwan Stock Index futures contract fell slightly on profit taking with the new lead contract, March, drop ping 1.7 |>oints to .'tftti l points. The187 words
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267 1998-02-28 16 ENERGY REPORT Bloomberg (NEW YORKI Crude oil was little changed on Thursday on scepticism that Opec members would agree to Indonesia's call for an emergency meeting to stem a 17 per cent drop in prices since November. Crude rose in early trading afterBloomberg - 267 words
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Article260 1998-02-28 16 AFP, Bloomberg London THE US dollar fell to a oneweek low yesterday against the yen after unnamed Japanese officials said they are working on a plan to pump 20 trillion yen (***** billion) into the economy in tax cuts and spending. The yen's gains may be capped byAFP,; Bloomberg - 260 words
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Article, Illustration1277 1998-02-28 16 nrTERBAMK CROSS RATES Feb 27 MjCMg ECU ffr Dm H*$ Ind 8s »upnl> Yen Won JtM H2S E«fc 8s ftsw 5S land Mr «n W Ngi OSS Australia 0 959 6.178 0.619 4.104 1.224 5.228 26.536 60.079 0.854 ***** 2.472 L*****.780 26J74 1 092 1340 1990 21.653 29.044 0.410 0.6751,277 words
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Article1863 1998-02-28 17 SICOM FUTURES Feb 27 RUB8ER (futures closing ts it 5.30pm) RSS1 CONTRACTS cwtsA?) Clost Volumt Optn Month High Low S«tt (tonnts) Inttrtst Mar 98 »20.50 150 Aw 98 121.50 121.50 121.00 1200 1425 May 98 123.00 4075 jun 98 127.50 124.00 125.00 100 3150 Jul/Stp 98 131.50 46951,863 words
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Article2435 1998-02-28 17 LONDON Msstriats ft* 27 »»nct 31 Croup 571 -400 »B Ports 3C9 3 AoeeyNetonal 12*0 ->5 A«.*d Dor*eca 583 *4 600 Amec 138 600 -400 AM* Group 202 -1 SAT ind 607 400 6 400 90 Pic 303 600 -9 BOO BiCC 132 400 V600 BOC Group2,435 words
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Article1661 1998-02-28 17 AFP Q Nikkei 225 +329JT7 JAPANESE share prices ended 2 per cent higher yesterday, buoyed by hopes that the government's next economic package would include fiscal spending, brokers said. The market picked up towards the close of trading, but with investors reluctant to chase share prices higher on fearsAFP - 1,661 words
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Article, Illustration1852 1998-02-28 18 Reuters Q Hang Seng +255.91 AFTER a rocky start, Hongkong stocks rallied yesterday to close sharply higher, boosted by speculation that a prime rate cut was imminent, brokers said. The Hang Seng Index surged 255.91 points, or 2.28 per cent, to close at a day high of 11,480.69. TheReuters - 1,852 words
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Article, Illustration707 1998-02-28 18 Reuters Qj Shenzhen B Index +0.42 SHENZHEN'S B Share Index closed higher yesterday, erasing early losses on hopes Beijing will take measures to enliven B share trading for upcoming new listings, analysts said. The hard currency index gained 0.42 points, or 0.43 per cent, to 97.94 after touching anReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 707 words
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Article404 1998-02-28 18 AFP Qirkk -26.63 TAIWAN stocks slid o.:i per cent yesterday on profit-tak-ing by institutional investors, dealers said. "Profit-taking was largely driven by fund managers to dress up their portfolio for month-end rankings," said Peter Chang of Polaris Securities Co Ltd. "The upward trend in the bourse is coming closeAFP - 404 words
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Article268 1998-02-28 18 AFP kJ Wellington -7.45 THE New Zealand stock market closed down 0.3 per cent yesterday, ignoring firmer regional markets as investors stayed cautious as a result of higher real rates of return. The NZSE-40 Capital Index was down 7.45 points to 2.286.47 on a light turnover of NZ$52 million.AFP - 268 words
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Article, Illustration712 1998-02-28 18 AFP Q Composite Index -L 43 INDONESIAN shares slipped yesterday, despite speculative buying of overseas-listed shares amid political uncertainty ahead of the presidential election, dealers said. "Investors feel nervous about next week with the presidential election process starting on March 1," Bakrie Securities dealer Deny Riyadi said. The JakartaAFP - 712 words
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Article, Illustration914 1998-02-28 18 AFP V SET Index +4-36 Smmnml THAI share prices rose 0.8 per cent yesterday amid central bank announcements of improved economic indicators and positive sentiment in the banking and finance sectors. Analysts said the morning saw particularly active trade with retail investors showing interest mainly in banking and financeAFP - 914 words
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Article455 1998-02-28 18 AFP Q Composite Index +23.44 SHARE prices closed 4.5 per cent higher on the Korea Stock Exchange yesterday on aggressive foreign buying which sparked institutional interest, dealers said. Despite profit-taking by retail investors, the main GNP opposition party's agreement to vote on the appointment of Kim Jong Pil asAFP - 455 words
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Article664 1998-02-28 18 AFP PI All Ordinaries +L 4 AUSTRALIAN shares closed barely higher yesterday, inching back to positive territory after a bout of profit-taking, brokers said. The Australian Stock Exchange's main indicator, the All Ordinaries Index, rose 1.4 points to 2.697.4. The All Industrials Index gained 1.2 points to 4.649.2 whileAFP - 664 words
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Article347 1998-02-28 18 AFP f] Manila *83.55 THE Philippine share prices closed 3.8 per cent higher yesterday on the back of propertybased issues, boosted by signs that interest rates would trend down. The Philippine Stock Exchange Composite Index gained 83.55 points to close at 2,266.30 points. Turnover volume rose to 2.418 billionAFP - 347 words
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KUALA LUMPUR STOCK MARKET
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Article9889 1998-02-28 19 INDUSTRIALS Consumer products 1096 Lilt Vol Day N«< Cap Hm> Low Cawpany Saf 'OOP High Law P/K »m>l 310 '80 Aimomoto 260 14.4 105.4 148 73 Angkasa 130 2 133 134 130 3.0 191.7 290 123 Apollo rood Mlg 225 unch 23 230 225 6.5 90.0 388 190 BerjayaLand 3569,889 words
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Article, Illustration572 1998-02-28 19 AFP rlComposite Index -*>17.66 MALAYSIAN share prices rose 2.4 per cent yesterday on buying support extended by local and foreign institutional players to major-index linked counters due to a firmer ringgit. "The bourse saw a mixed play of local and foreign institutional players who boughtAFP - 572 words
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WARRANTS & OPTIONS
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Article4152 1998-02-28 20 BONOS, LOANS WARRANTS 1997/96 Last Vol Day Last Quota Avg Mign Law Stno Company Salt oar- I OOOI Hl«h Law Buyar $«"or Prlco 68 9 m 3000 m AMDBc5.S%*****6 18 unch 2 18 18 18 19.5 81 8 3160 A Acar *******1USS 15 *0.5 87 16.5 15 14 5 164,152 words
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Article192 1998-02-28 20 R Sivanithy - WARRANT WATCH -By R Sivanithy MALAYSIAN construction firm Intria Bhd chalked up hefty volume yesterday in both its shares and warrants, so it may be time to review the latter to see if there's any value there. A close look at the numbers throws open a192 words
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Article2654 1998-02-28 20 Transaction Date :Feb 27 I MALAYSIAN STOCKS Of Or •997/98 Last V« &r» LMt OiXl >v 0* rm M«t M Cm High low St no Cimpawi Sat* (OOO) Htg* L«w Surf Mw H C'«r P/f Jm« 478 28 mi 5000 AiSBSOc TIC 566 13 09 <19 110 502,654 words
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STOCK EXCHANGE OF SINGAPORE
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Article1810 1998-02-28 21 TURNOVER COOO) VALUE COOO) Mate Clot Tata! Main CH» T«UI Industrial 229,579 79.696 309,275 284.283 55,897 340,180 F inane* 18.077 29,950 48.027 118,334 32.312 150.646 Hot*ls 3.622 4.083 7.705 4.759 2.270 7,030 Prop«rti*i 35.870 42,594 78.464 109,184 21.M5 130,329 Plantation 5.702 5.702 7,020 7,020 Mminq 1.641 W41 893 «M 81*1,810 words
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Article5868 1998-02-28 21 Transaction Date: Tcb 27 Gc Or M vrt 1997/90 Last Vol Day last Oust* Olv 01* VM Net Cm Avg gn Law StNo Company Sat* COOO) M gh Law Buyaf Seller C'«r P/t $mil Prke INDUSTRIALS 157 18.5 a 1020 ACC 0ynamlcs60c 39 unch 14 ]9 37 ITS5,868 words
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Article1021 1998-02-28 21 tlM V* mt Owala CMv Oi» VM N.t Cat A?« Cam*a"Y Sala C'OOOt Hlf* In Buy at Saftar H C'»f H B/C $m« Prlta SCSOAQ I8« 7• a >000 V KM i T KM KM >0t )0 »C 01 1*1 4 47I KM 44, 7* /04a HM.I0, //O i1,021 words
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Article218 1998-02-28 22 Stocks Volume Easyknrt HKlOc 54.522,000 IPC Corpn 5c 20,759,000 Inno-Pac 20c 12,308,000 Keppel Land50c 10,158,000 'Rekapacific Bh 10,031,000 Wing Tai 25c 9,861,000 HotunQ Inv NT5 9,786,000 •Renong Bhd 50c 9,227,000 DBS Land 8,322,000 •MBf Capital 8,279,000 Stocks S City Dev 50c 41,315,103 SPH Foreign 38,427,828 DBS Foreign 35,289,308 SIA Foreign218 words
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Article, Illustration50 1998-02-28 22 Shiv Taneja - -by Shiv Taneja WING TAI HOLDINGS closed one cent higher yesterday at $1.44 on a volume of 9.86 million units, compare with its 10-day traded average of 3.34 million shares. In the near term, the counter will trade sideways. However, the term outlook for the counter is positive.50 words
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Article, Illustration654 1998-02-28 22 R Sivanithy - STOCK MARKET COMMENTARY Speculation of pro-business budget helps lift STH 20 points but delay in delivery causes index to close some 15 points off high for day R Sivanithy (SINGAPORE) The Straits Times In dustrials Index yesterday managed its fifth successive rise,654 words
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ON THE GRAPEVINE
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Article95 1998-02-28 22 SINGAPORE-listed but Hongkong-based Dairy Farm is one of those companies which have benefited from the regional financial turmoil. Dairy Farm's patience at courting Indonesian supermarket chain, Hero, paid off when the plunge in the rupiah caused its Indonesian partner, with a gentle nudge from its bankers we heard,95 words
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Article100 1998-02-28 22 ALAN Lim, the managing director of fund managers Prudential Portfolio Managers in Singapore, was seen walking out of the Investment Management Association of Singapore seminar on Thursday with a suitcase at lunch time, just after Deputy Prime Minister Lee Hsien Loong had finished delivering his keynote address. One100 words
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Article59 1998-02-28 22 IT IS probably a sign of the the times. A money changer's shop at Raffles Place is doing brisk business in a product other than currencies: vitamin supplements. Obviously, the canny money changer saw a business opportunity when stressed-out customers came to his store to change59 words
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Article56 1998-02-28 22 TALKING about money changers, a colleague heard this story about a visitor to the United Kingdom who tried to change SII.OOO into pound sterling and was turned down by Thomas Cook and Midland Bank. The reason: "The Singapore dollar, like the Indonesian rupiah and the South Korean won."56 words
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Article103 1998-02-28 22 PEOPLESOFT Inc is a major US software firm that prides itself on its people orientation. Its latest annual report underlines this by including a list of Ten Acts of Positively Outrageous Customer Service. Example: a staffer who checked out of hospital after a car accident to complete a103 words
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Article120 1998-02-28 22 REMEMBER the Evoikos? This very large crude carrier ruined the water for many sea sports enthusiasts when it collided with TTiai-registered Orapin Global in the Singapore Straits on the night of Oct 15 last year. The collision tore a hole in the Evoikos 'oil tanks,120 words
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Article89 1998-02-28 22 WE KNOW the Corrupt Practices Investigation Bureau normally goes about its work in a quiet, secretive manner. So we were not too surprised when we received a letter from them marked "Private and Confidential". The letter informed us that from March 9, the bureau has relocated89 words
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Page 14 Advertisements
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Advertisement114 1998-02-28 14 CoMgrAtwlAti cms to on their official opening of their New Showroom cum Factory at No 9 Changi South Street 1 with compliments #from Members of Rotary Club of Singapore West Tan Kay Hui Tan Pee Cee Thomas Wong Jing Song Sing Cheong Tuck Meng Tommy Lee Peter Kong Chew Kah114 words
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Page 15 Advertisements
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Advertisement15 1998-02-28 15 The Personal Finance Investment page has been held over. It will resume on March 14,1908.15 words
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Page 16 Advertisements
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Advertisement10 1998-02-28 16 EBusiness/ iJerot'ce&J^E/HxhictSs The Straits Times Classified Classifications 201 -266 CATAI10 words
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Page 18 Advertisements
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Advertisement32 1998-02-28 18 f advertisement in j Janice surprise^ bouquet of flowers N. girlfriend. -> M Buying or selling through The Straits Times Classified is child's Play. 1'... [j L can cats, at 1800-737-1166. \2 I32 words
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Page 19 Advertisements
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Advertisement16 1998-02-28 19 Make the Straits Times Classified your first pit stop when shopping for your car or motorbike.16 words
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Page 20 Advertisements
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Advertisement13 1998-02-28 20 Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. 1800-737-116613 words
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Page 21 Advertisements
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Advertisement70 1998-02-28 21 t Hello? I'm calling about\ /tUvsXx, ,n 80 a PPV your advertisement in like f I found my pet through The Straits Times Classified... 1 I the ad J I Times Classified. J k you still have the puppy... J described. going to real gtxx^^ A hc F1 j| j70 words
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Page 22 Advertisements
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Advertisement2191 1998-02-28 22 BUSINESS Notices To advertise ca toll-free 1800-741 1883 LN THE MATTER OF THE COMPANIES ACT. C AP. 5» AND IN THE MATTER OF ILL IMINATIONS PTE LTD ill VfVn V iu*tar. LiqmJatto* NOTICE IS HEREBY CIS EN pursuant to Seciioa 308' I) of the Companies .Ad. Cap V) that a2,191 words
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EXECUTIVE Lifestyle
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Article, Illustration1370 1998-02-28 23 TAN SU YEN - Have Singaporeans become more sophisticated in their reading tastes? Or are they still sticking to their pragmatic diet of magazines and self-improvement books? tamsutbn reports TAN SU YEN SINGAPORE has become a literate but not literary society. Ambassador-at-large Tommy Koh once observed. He went on toPHOTOS BY RICHARD CHNG - 1,370 words
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STRAWS In The Wind
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Article46 1998-02-28 23 HEARD on a BBC programme recently: A US worker, asked for his view on the Clinton sex saga, said: "I reckon she (Monica Lewinsky) should have kept her mouth shut." And that's about the most succinct account we've heard on the whole tawdry affair.46 words
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Article95 1998-02-28 23 THE FOLLOWING exchange, heard recently on one of the local radio stations, shows the pitfalls of chatting live on the air with callers. Caller: Hi, your music is really cool, very groovy man. Radio DJ: Thank you for listening to our station and glad you're95 words
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Article77 1998-02-28 23 SOMEONE we know braved London's biting winds to take a guided tour on one of its famous double-deckers, and returned to tell this tale: As the double-decker passed one of the more famous hospitals in the city, the guide listed its many achievements. "And of course," he wound77 words
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LEISURE
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Article, Illustration1696 1998-02-28 24 BEN MUNROE - Two decades after her operatic debut, American soprano Barbara Hendricks remains as fully committed as ever to her musical career and her work with the UN. But a bullet-proof diva she is not she tells bbmmomrob BEN MUNROE Barbara Hendricks turns 50 this year, and the operaCHRIS LOH - 1,696 words
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Article718 1998-02-28 24 Chuang Peck Ming - BOOKS Book Of Bad Songs By Dave Barry Andrews McMeel Publishing 94 pages, $19.49 (hb) Hwiewed by Chuang Peck Ming A BOOK of bad songs? Not a bad idea. So many lists of great songs have surfaced in recent years in the popular and718 words
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994 1998-02-28 24 Mary Myerscough - CONCERT HALLS Doubts are being raised over the apparent glut of classical mnsic venues in Tokyo By\ Mary Myerscough FT NO OTHER city in the world can boast six new concert halls opening in the last five years. But this is Tokyo, whereFT - 994 words
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PURSUITS
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Article, Illustration924 1998-02-28 25 RAHITA ELIAS - The big boys from California Planet Fitness and Ray Wilson are here, and they're pulling in the crowds. What's the attraction? Sheer novelty value or the availability of services and equipment not found at other gyms? rahita elias finds out RAHITA ELIAS YOU want rock hardJEROME MING/ST; ARTHUR LEE - 924 words
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Article, Illustration1144 1998-02-28 25 Shahiron Sahari - YACHTING The Auckland sailing community turned up in force to witness the launch of the fifth and most hazardous leg of the Whitbread Round the World race /Ay I Shahiron Sahari The writer s trip was sponsored by Tandem Computers. Follow the ract on the Internet1,144 words
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Article, Illustration731 1998-02-28 26 Susan Tsang - CINEMA Mrs Brown tells us very little about John Brown and what motivates him to serve his Queen so selflessly By Susan Tsang MRS BROWN takes as its subject a quirky royal tale the close and lasting friendship that developed between Queen Victoria of Britain and John731 words
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Article, Illustration667 1998-02-28 26 Susan Tsang - CINEMA The juicy ingredients in In And Out are well handled by director Frank Oz, writer Paul Rudnick and the excellent cast. Pity about the glib ending Susan Tsang IN AND OUT isa rare film. It is a hilarious comedy that gets the hulk of its667 words
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Article, Illustration764 1998-02-28 27 Ben Munroe - NIGHTLIFE More outlets, including Saxophone and Bonne Sante, are thinking np new ways to cope with the economic downturn and subdued buying patterns By: Ben Munroe CUSTOMERS were turning up at the Saxophone Bar on Cuppage Terrace last weekend and then turning away in disappointment.764 words
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Article, Illustration378 1998-02-28 27 M Yasotha - Compiled by M Yasotha MUSIC Singapore Symphony Orchestra Danish violinist Nikolaj Znaider, winner of the 1997 Queen Elizabeth Violin Competition, will perform Bruch's First Violin Concerto with American conductor David Hoose. The evening's programme also includes Nielsen's Helios Overture and Beethoven's Pastoral Symphony. Mar 6 7. 8.15pm at378 words
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EPICURE
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Article, Illustration900 1998-02-28 28 JAIME EE - Entertainment factor aside, what do theme restaurants have to offer in terms of food that will keep diners coming back for more? jaime ee ponders the question as she checks out Celebrities Asia JAIME EE Peppers, a Beatles-themed restaurant at the Pail Pacific HotelPHOTOS BY RICHARD CHNG - 900 words
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Article, Illustration786 1998-02-28 28 Tan Su Yen - RESTAURANT M&rche is a food court-style restaurant that offers a good range of European food at reasonable prices //.v' Tan Su Yen AFTKR leaving Singapore a few years ago, Swiss-restau-rant chain Movenpick has made a comeback at a time when restaurant owners are doingPHOTOS BY ARTHUR LEE - 786 words
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Article342 1998-02-28 28 Tan Su Yen - PROMOTION By' Tan Su Yen SOME people dote on their pet cats, others talk to their plants. Cheesemaster Gerard Poulard of Le Meridien Montparnasse in Paris knows each of his more than a hundred cheesy charges by name. Whether injected with blue mould, coated with raisins342 words
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Article, Illustration767 1998-02-28 29 The Borrowers. Family comedy about the little people who steal odd socks and hide your keys. Starring John Goodman. Lido, Republic, Capitol, Oriental, Choa Chu Kang, Jurong, Hougang, Changi, Century, Yishun, Bishan, Tiong Bahru, Boon Lay, Tampines, Mandarin, Jubilee, Toa Payoh, Whitesands. The Edge. Gritty outdoors movie that has767 words
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Article123 1998-02-28 29 Cathay Org Cathay 338-3400 Kastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 EagWah Empress 777-5867 Jubilee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 OoldanTUlafB Bedok 143-2405 Bishan 35:1-8885 Boon Lay 792-2788 Broadway 464-9394 Majestic 533-9032 Marina M7-9488 Pavilion 786-5788 Tampines 8 786-5788 Tiong Bahru 274-6588 Yishun 257-7848123 words
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TRAVEL
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Article, Illustration1298 1998-02-28 30 MARK GRAHAM - In the remote outer reaches of Qinghai and Gansu provinces, travellers get a chance to witness cultures and customs which haven't changed much in the past 200 years, mark graham reports MARK GRAHAM Every day, just before noon, younger monks at the Labrang Monastery troopPHOTOS BY MARK GRAHAM FOR BT - 1,298 words
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Page 23 Advertisements
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Advertisement7 1998-02-28 23 Pursuits Muscling in on fitness EL 37 words
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Advertisement137 1998-02-28 23 Travel Journey to China's feudal past EL 8 With your new status as a i. 1 Say *i public-listed company, a new era I I I J n I I 1 f\ has begun. Start it right with a I you thank-you ad to your I I vto everyone shareholders,137 words
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Page 26 Advertisements
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Advertisement128 1998-02-28 26 mm your company on the stock exchange? Thaft good news to 1.2 million readers! Company listings are significant milestones and it is to the *Sjj& I company's advantage to build up awareness of its I r ft m Hr identity, goodwill and reputation before its Initial Public Offering. ->l sMtHMiMM128 words
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Page 27 Advertisements
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Advertisement265 1998-02-28 27 117L A 1 a. j j AM i AM i n Presented, g CM„ Offers personalised assistance W here to dine cntcruun#** Memanonar at over 175 WO ridwide. ~rr 290 4545 Vnativt ter way *.i -eietwatr a frva? »•.-<:« tnan ?una. Brur~r. it I'.c C afe-in-TKe-Pari' f:nn»y trc nrier* bnuwi)265 words
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Advertisement157 1998-02-28 27 *1 Vow it < J* THE HEEREN in Orchard .%L j '-ft* ifl J!u//te/ihc Jhai C >uts/ne *1 A/ Exclusive to V The Business Times readers A j Just present this ad to en (os 15S discount v j At THE HEEREN outlet only M Offervalidtil3l March 98 ASjjm* i"157 words
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Advertisement153 1998-02-28 27 Enjoy Western dishes and Asian jtinjut! uttb< Cafe Vienna Open from Ctam to lam. its popular buffets for lunch, high tea and dinner are among the best— Ovit CROWN E PLAZA" I om*t /Ar JT»m/ lUUn I— m tLtus in* ft Mtt, it torn« pita* i all '</ \,niti irw153 words
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Advertisement161 1998-02-28 27 onlyJL m PER CRAB if (only available every Tuesday A Thursday night till end of February 1998) For dine in only) While Crabs Last! So hurry down to <fx C lement! Garden Seafood Restaurant iTcmenti Woods, fSingapore IN7BI Tel 775-.ON Fa* (opposite Nl'S. next u> the Japanese school) I 1161 words
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Advertisement194 1998-02-28 27 I m I ENJOY 25% SAVINGS I i ONYOUR i i 2ND DRINK ONWARDS i j AT THE MEZZANINE j CAFE BAR i THIS MONTH Join us in our 25th Anniversary Celebrations JJUgcrinH Mezzanre Tflr Mantkri/t Singjptvr J 333 Orchard RixiJ. Singapore *****" J I d 831 lOS<> J 12194 words
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Advertisement85 1998-02-28 28 I' H I I I I' M O R K I S uoi l- oi om ra\ 11 s proudly pr®i«ntj tr All Jazz Is Modern 1998 World Tour featuring New York s Lincoln Center Jazz Orchestra Wynton Marsalis, Conductor Guest Soloist www lazzatlincolncenter org 3 March 1998 Singapore Indodflltadium85 words
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Page 29 Miscellaneous
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Miscellaneous2116 1998-02-28 29 TODAY'S TV mm—mmmmmmm n I*l llllllirgl 12 ISMBPT s aC <lP Pr Bushbaby RECOMMENDED VIEWING In Savanah. 9.00 AM TVSN Collectable Denver, The Last DinoHODeSfOr revolutionary movement 10 .00 ?VSN TVSN Viewers flp 1 800 Ka"ai Kathambam v while discovering her own choiC e. V S Folk Extil© future sexual2,116 words
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