The Business Times, 4 April 1998

Microfilm: NL21181
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, APRIL 4-5,1998
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  • Article
    MARKET SUMMARY
    63 1 PlB 181 (-17.09) (-18-45) BTOOMP U69JB (-22.30) nBTHOA kj73»J5 (-20.09) STOCK HA1XET INDICES Friday Change Kl.SE COUP 66S.48 -1119 NIKKEI IWI7.78 186.12 HANG SENG 11.062.68 137.03 SET INDEX 44SJC 1192 JAKARTA COMP 53XM *16.90 MANILA COMP —2,***** 0.46 TAIPEI WP! 5,134.06 +***** SEOUL COUP 434.46 -Oil CL8A CHINA
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  • Article
    FINANCE
    74 1 FOUX BATES uss ss US» 1.629 1.666 ITU Ml 1.883 ft87t YEN 134.6 1210* IS 1766 0.433 HK$ 7.748 0211 BAHT: 4190 0.040 WJPIAH 8,525 0.0 IF •SftoUOwUU PUD BITES SINGAPORE* 7.81 KUALA LUMPUR 11.80 JAKARTA ..28.00 BANGKOK 14.75 MANILA 22.90 HONGKONG 10.21 TAIPEI 8M SYDNEY .8.46 TOKYO 100
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  • Article, Illustration
    Lock icon US funds make a killing arbitraging Temasek bonds
    471 1  -  Trading strategy partly responsible for depressing Sing Tel shares Byi Catherine Ong [SINGAPORE] American hedge funds made millions of dollars this week from arbitraging Temasek Holdings' US$l billion (Ssl.6 billion) convertible bond issue, going long on the bonds and short on Singapore
    Source: Bloomberg  -  471 words
  • Article
    Dow breaks through 9,000 on surprising jobs data
    508 1  -  March payrolls fell 36,000; forecast was for a 200,000 rise From,- Andrew Marks in New York PAYROLLS in the US fell by 36,000 in March, surprising analysts whose consensus estimate called for an increase of about 200,000 jobs, and sending the Dow
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  • Article, Illustration
    Lock icon Yen buckles to hit 134.7 as Moody's cuts sovereign debt outlook
    590 1  -  Sating agency cites deteriorating fiscal position for more bearish stance From* Anthony Rowley in Tokyo THE yen sank to a six-year low against the US dollar in Tokyo yesterday and stock prices went into fresh decline after Moody's Investors
    Source: Dow Jones  -  590 words
  • Article, Illustration
    Property war hots up with $50,000 cash offer
    643 1  -  City Devnps the ante following moves by Wing Tai and Waterbank By\ Diana Oon CITY Developments has joined the property price war by offering cash of up to $50,000 to those who take up a unit in its Guilin View condominium before
    643 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      123 1 DHBDE Slfiflilt 1 1 BG Lee said the government was considering a recommendation to develop Singapore into a centre of excellence for management and business development in the Asia-Pacific region, Pf 2 H I I aßarOng Beng Seng arxi his wile Christina are turning their attention to their home region
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      Page 1 Advertisements Column 2
      10 1 Why Sing Tel shareholders needn't fear Temasek bonds, Pg 7
      10 words
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      Page 1 Advertisements Column 3
      134 1 EE |M| ji m I jH M V I jfl M. No other ATM Card takes you to the World Cup, Only OUB can Global Purchase. Global ATM. OUB Global Auto Cash. Only OUB can give you the largest global access to your account. And now when you use your
      134 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Govt forging links with top foreign universities
      469 2  -  Aim is to develop high-quality centres of learning in S'pore, say BG Lee By* Carol Eng THE government is finalising agreements with several leading universities in Europe and the United States to offer advanced degree programmes in Singapore, Deputy Prime Minister Lee Hsien
      469 words
    • Article, Illustration
      PM Goh, Dr M meet for 4th time this year
      631 2  -  ASEM II SUMMIT European leaders blame speculators for Asian crisis By Yang Razali Kassim THE second Asia-Europe Meeting has given the opportunity for Singapore Prime Minister Goh Chok Tong and his Malaysian counterpart Mahathir Mohamad to meet for the fourth
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    • Article, Illustration
      Monthly updates from URA
      193 2 THE Urban Redevelopment Authority will be updating statistics of building projects granted provisional and written permission on a monthly basis from this month. National Development Parliamentary Secretary Koo Tsai Kee disclosed this at the Singapore Institute of Surveyors and Valuers' annual dinner last night. Before, URA
      193 words
    • Article
      Asia-Europe business goes online
      392 2  -  From. Margaret Thomas in London AN electronic network of information resources that will help enterprises in Asia and Europe develop business prospects was launched yesterday at the 3rd Asia-Europe Business Forum here. AsemConnect, a Singapore initiative that was developed together with representatives from several other Asem
      392 words
    • Article
      Take longer term view, Europe urged
      364 2  -  Region's crisis will blow over in 2-4 years, says PM Goh By. Audrey Tan EUROPEAN investors should take note of opportunities available in Asia now, as the region's economic crisis will blow over in two to four years, Prime Minister Goh Chok Tong said
      364 words
    • Article, Illustration
      MAS restructures to reflect its expanded functions
      323 2  -  Four new groupings, two units to shape supervisory role By Clarissa Tan THE Monetary Authority of Singapore (MAS) has unveiled major changes in its organisation structure to better support its expanded roles and functions, the de facto central bank said in a statement
      323 words
    • Article
      Firms in Asia growing upbeat about crisis: poll
      318 2  -  By* Audrey Tan FIRMS operating in Asia are beginning to see the region's economic crisis as an opportunity for growth, a survey by Andersen Consulting shows. The business consultancy found that nearly three fifths of the 70 companies surveyed in the region
      318 words
    • Article
      Branson's Virgin Vodka on its way
      191 2 COMING this month: Richard Branson's spirit, if not his person. This is his Virgin Vodka, and not the gung-ho British entrepreneur himself, who has stuck the Virgin brand on wide-ranging ventures from airlines and railways to records and drinks. L'Etoile Company, which has secured
      191 words
    • Article
      Lock icon SIA jet makes emergency landing
      204 2 AFP [ZURICH] A Singapore Airlines jumbo jet made an emergency landing at London's Heathrow airport after one of its engines caught fire shortly after taking off from Zurich, a company spokeswoman said yesterday. The Boeing 747-400 aircraft, en route to Singapore with 359 people on
      AFP  -  204 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      239 2 CBTPTIC CROSSWORD 28 Fare needed to board a bus perhaps (3,2) 29 Sound as a bell (4-1-4) 30 Move clumsily with a pair of ngimDArS SOLUTION like measures (4,3.4,4) Intoxicated cox. (3,4,3,5) li|s[Ua|n|d|e|r|sMCMbbbd| nf> K 15 Left one composing motet out- ■ombMrM^TrplbJaltle side before four with recur- isimiaisihlulpßoiinUlUt 1 Powerful
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        549 3 Those polled for their views on the Singapore stock market outlook for next week were: Alliance, Daiwa, Deutsche Morgan Grenfell, Fraser, GK Goh, ING Barings, Kay Hian, Kim Eng, Merrill Lynch, Indosuez WI Carr. Want Want TTol«Hng» ♦(Hold) Indosuez WI Carr, April 2, US$l.l7 After a rather
        549 words
      • Article, Illustration
        In My Opinion
        432 3  -  Timothy King Director Regional oapltal goods research Indosuez WI Carr am HE expected excess I supply of cement in X South-east Asia will be around 40 million tonnes in 1996 and 45 million tonnes in 1999. These large surpluses will be driven by a combination of a
        432 words
    • Article, Illustration
      Lock icon Has IPO fever resurfaced?
      885 3  -  With five companies listed on the main board and one on Sesdaq so far this year, a total of $241 m has been raised- By, Annette Pau [SINGAPORE] IT IS hard to say how many more initial public offers will hit the market this year but
      FILE PHOTO  -  885 words
    • Article, Illustration
      Lock icon Good time soon to buy Japan stocks?
      621 3  -  Investors reacting to rhetoric, not fundamentals, guyg tnl ""My By] Louis Beckerling BAD news could abound in Japan in the weeks ahead as companies unveil poor earnings for the financial year just ended and the economy tips into recession. And this might be
      CHRIS LOH  -  621 words
    • Article
      M&A rumours lift mood in bearish market
      546 3  -  E7E OK THE REGION: PHILIPPINES From Al Labita in Manila THE possibility of merger and acquisition deals among index heavyweights lifted the mood last week in the ertswhile bearish market. Metro Pacific Corp (MPC), the Indonesian Salim group's Philippine flagship, led the pack
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  • MARKETS IN TURMOIL
    • Article
      New Indon deal in a week, US$3b two weeks after: IMF
      623 4  -  Deputy MD backs Mexican-style plan bat says framework still being discussed From S S N Vasuki in Jakarta INDONESIA and the International Monetary Fund will sign a revised letter of intent "within a week" and the distribution of the
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    • Article
      Lock icon Indonesia to convert banks' aid loans to govt equity
      183 4 Bloomberga AFX-Asia [JAKARTA] Indonesia's central bank plans to transform aid loans it has extended to bail out troubled banks into equity held by the government, a report said yesterday. The funds provided to several large private banks would become public shares
      Bloomberga; AFX-Asia  -  183 words
    • Article, Illustration
      Lock icon Student demo in Jakarta
      49 4 [JAKARTA] A University of Indonesia student holding a placard aimed at President Suharto during a demonstration held at the Faculty of Medicine campus in central Jakarta yesterday. Hundreds of students rallied to urge the military to support their protests against President Suharto's 32-year rule. AFP
      AFP  -  49 words
    • Article
      Lock icon More hidden losses uncovered at Yamaichi
      160 4 Bloomberg [TOKYO] Japan's Ministry of Finance found another 26.6 billion yen (Ss32l mttlion) in hidden losses at failed Yamaichi Securities, a ministry official said, citing results of a four-month investigation. That brings to 291.4 billion yen the amount of losses hidden by Yamaichi, which
      Bloomberg  -  160 words
    • Article
      Lock icon Bangkok Bank hikes its lending rates
      268 4 AFP [BANGKOK] Thailand's biggest commercial bank, Bangkok Bank has raised its lending rates by 25 to 75 basis points in a move that may worsen the country's liquidity crisis. The bank said yesterday it had raised its minimum lending rates to 15.5 per cent
      AFP  -  268 words
    • Article
      US, IMF urge Jakarta to hasten reforms
      803 4  -  Continued IMF support hinges on commitment to change policies From, Leon Hadar in Washington TOP US lawmakers and the head of the International Monetary Fund (IMF) called on Thursday for major political and economic reforms in Indonesia and warned that continuing IMF support
      803 words
    • Article, Illustration
      Lock icon Central planning was Asia's weakness: Greenspan
      332 4 Bloomberg [WASHINGTON] Some Asian economies were living on borrowed time when their governments planned production and subsidised industries, Federal Reserve Chairman Alan Greenspan said. The Asian financial crisis is proof that governments are unable to mandate output and production because they cannot accurately determine
      Bloomberg  -  332 words
    • Article
      Lock icon Dong Ah seeks emergency loans
      212 4 AFP [SEOUL] South Korea's Dong Ah Construction Industrial Co Ltd said yesterday it has asked a pool of creditor banks to extend 140 billion won (***** million) in emergency short-term loans. The company said it needed the bridging loans as operating funds until foreign financing
      AFP  -  212 words
    • Article
      Lock icon IBJ to up loan write-off by 50% to 630b yen
      290 4 Bank's projected group net loss will be raised to 200b yen FT [LONDON] Industrial Bank of Japan, one of the country's largest and most prestigious banks, said on Thursday it planned to write off 630 billion yen (557.6 billion) of
      FT  -  290 words
  • Page 4 Advertisements
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  • REGION
    • Article
      Lock icon M'sia's Feb trade surplus dips to RM2.5b
      386 5 KUALA LUMPUR Surpluses reflect smaller demand for imports, export gains limited, warn analysts Bloomberg MALAYSIA'S trade surplus was little changed in February from a month earlier as imports were steady and exports dropped slightly, the state news agency Bernama reported. The surplus of
      Bloomberg  -  386 words
    • Article
      Lock icon Malaysia to suspend export tax to boost timber trade
      271 5 KUALA LUMPUR M'sian plywood has lost 60% of value since start of crisis Reuters MALAYSIA yesterday announced plans to suspend export taxes on plywood and a wide range of other timber products to protect the industry from collapsing amid a sharp
      Reuters  -  271 words
    • Article, Illustration
      Lock icon Tung vows to step up election awareness
      257 5 HONGKONG AFP HONGKONG leader Tung Chee-hwa yesterday promised government action to bolster public support for the territory's first post-colonial election after a poor turnout for a preliminary vote. Only 32,630 of the eligible 140,000 voters for a special Election Committee turned out on
      AFP  -  257 words
    • Article
      Lock icon HK to spend HK$235b on infrastructure
      132 5 HONGKONG AFP HONGKONG Chief Executive Tung Chee-hwa said yesterday his government would spend HK$235 billion (5549.4 billion) on infrastructure development over the next five years, despite an economic slowdown due to the Asian financial crisis. Mr Tung said the investment would stimulate economic growth,
      AFP  -  132 words
    • Article
      Upsurge in software piracy in S'pore: US report
      570 5  -  Banking curbs also cited; TDB says IPR law enforcement among strictest By\ Louis Beckerling SOFTWARE piracy and restrictions on foreign banking operations have denied Singapore a clean report card from US free trade watchdogs. In an otherwise generally approving commentary on Singapore
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    • Article, Illustration
      Lock icon A heartstopping dive to raise funds
      64 5 [SYDNEY] Participants in the Heartstopperfund raiser abseiling off the roofof a skyscraper in Sydney yesterday to raise money for the city's homeless and disadvantaged people. Some 500 people aged between 15 and 60 are registered to descend the outside of The Regency Hotel, while
      AFP  -  64 words
    • Article
      Lock icon First Taiwan trade deficit in 15 years
      156 5 AFP [TAIPEI) Taiwan has fallen victim to the regional financial turmoil, suffering its first quarterly trade deficit in 15 years due to an export decline, the United Daily News reported yesterday. The export-oriented island might post a US$5OO million (*****.5 million) trade deficit
      AFP  -  156 words
    • Article
      Lock icon China offers further cuts in import tariffs: EU
      283 5 Bloomberg [LONDON] China offered to further reduce its imported goods tariffs to boost its chances to join the World Trade Organisation, European Union officials said. China's latest tariff offer, submitted by negotiators in Geneva, coincided with a meeting on Thursday in London
      Bloomberg  -  283 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      53 5 MORGAN FREEMAN ANTHONY HOPKINS V DJIMON HOUNSOU MATTHEW McCONAUGHEY ~J DREAIWORKS PICTURES tests j| jM J «nDooii»«nlBof)CnUE"*Kr*f NKEI. HAWTHORKE DWID *j| LpETEPemETMMITE STaLAK SKARSGAKD ■wohn wiiuaks Mm e. c**ter A InH Mwtiuauiw.iu-wiauimi •JPBHUAHUSZ KAIiNSKI, kit V r U' —WTEVEK SnELBEHC VI Dtwuma coiHiimow fefll y -mmFunmnm %—r- i -,i 'mßm
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  • REGION/WORLD
    • Article
      Lock icon Tietmeyer warns against having high-debt nations in EMU
      434 6 BONN Bundesbank chief urges Italy, Belgium to do more to cut national debt Reuters BUNDESBANK president Hans Tietmeyer yesterday spelled out the risks of launching Europe's single currency with a broad starting group, and urged Italy and Belgium to do more to
      Reuters  -  434 words
    • Article
      Lock icon Aussie DPM blasts Japan over trade barriers
      353 6 SYDNEY AFP AUSTRALIA'S deputy prime minister yesterday blasted Japan's failure to reform its economy and warned it would cause further damage by maintaining trade barriers as a recession loomed. Australia would urge Japan "to continue down the pathway of 'fair dinkum' (genuine) regulation
      AFP  -  353 words
    • Article, Illustration
      Lock icon First leg of France 98
      64 6 [PARIS] Luxury leather goods manufacturer Louis Vuitton, famous for its lines of luggage with the LV logo, has created a limited edition monogrammed soccer ball to celebrate the "France 98" Soccer World Cup, which will go on sale for 2,800 francs (*****). The Soccer World
      REUTERS  -  64 words
    • Article
      Lock icon No China interference in HK since handover: US report
      499 6 WASHINGTON HK also continuing to play key role as finance centre Reuters HONGKONG'S transition to Chinese control has gone smoothly and Beijing is keeping out of the territory's affairs, the US State Department said on Thursday in its first report since
      Reuters  -  499 words
    • Article
      Lock icon Lawmakers release HK$5b for pension fund
      118 6 HONGKONG AFP HONGKONG legislators approved the release of HK$5 billion (Ssl.l billion) to set up a new mandatory Provident Fund Authority, RTHK radio reported yesterday. The authority will hire 260 staff to regulate service providers to the fund, which got the go-ahead on Thursday
      AFP  -  118 words
    • Article
      Lock icon Fed members unanimous in holding rates in Feb
      466 6 WASHINGTON Policymakers waited to see Asian impact on US growth Bloomberg FEDERAL Reserve policymakers were unanimous and somewhat perplexed in holding the overnight bank lending rate steady at their Feb 3-4 meeting, minutes of the session showed. The Federal Open Market Committee
      Bloomberg  -  466 words
    • Article
      Lock icon Indonesia cuts visitor target this year by 15%
      293 6 JAKARTA Reuters INDONESIA has revised down its foreign tourist arrivals target for 1998 by about 15 per cent due in part to the poor foreign press over the country's economic troubles and forest fires, the Jakarta Post said yesterday. Tourism, Art and
      Reuters  -  293 words
    • Article
      Lock icon Yeltsin won't agree to coalition cabinet
      247 6 MOSCOW Reuters PRESIDENT Boris Yeltsin will not accept a coalition government and wants the next Russian cabinet to maintain a rigorous financial policy, Interfax news agency quoted his spokesman as saying yesterday. Sergei Yastrzhembsky was quoted as saying a "coalition cabinet" or "government of
      Reuters  -  247 words
    • Article
      Lock icon Review train project, Kim govt urged
      372 6 ■SEOUL Auditors say project costs will shoot up, profits doubtful AFP SOUTH Korean audit authorities yesterday asked the government to review the country's tattered high-speed train project, citing soaring construction costs and doubtful profitability. The Board of Audit and Inspection (BAI) recommended the construction
      AFP  -  372 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      48 6 DOONESBURY By Garry Trudeau IT MAY BE, KIPS, &VTWE ALSO HAVE TO PRE- TUAT HAPPENS IF 7UK 7IZ7I THAT AIL OF THIS TPWIBIS TRAGFUY OVER- OF COURSE' ■flf W/LL BUM OVER... TAKES THE PRESIPENT.PO PI I BE FORCEP FROM OFFICE WHJ THINK ALL BE ,SJ *£L, AS OUTU/jTH^
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  • COMPANIES & MARKETS
    • Article
      Creative founder buys 7% of Uraco for $8m
      496 7  -  That and next week's $8m deal will bring his total stake tojnst below 20% By- Annette Pau [SINGAPORE] Chay Kwong Soon, former Creative Technology chief operating officer and one of its three founders, yesterday paid $8.01 million for another 22.9 million Uraco
      496 words
    • Article
      Tat Lee warrants: how swap ratio works
      382 7 Merger will not affect instruments except in one aspect [SINGAPORE] The proposed merger of Tat Lee and Keppel Banks will not affect the three batches of outstanding Tat Lee warrants except in one major aspect. Under the existing terms, each Tat Lee Bank
      382 words
    • Article
      HPL's Gold Coast joint venture
      246 7  -  By, Jenny Lam [SINGAPORE] Hotel Properties has tied up with Australia's Raptis Group to develop a residential, commercial cum entertainment complex in the Gold Coast. The project involves a 3,250 sq m piece of land, part of HPL's 1.96-ha property in Surfers Paradise called the
      246 words
    • Article
      Why SingTel shareholders needn't fear the Temasek bonds
      784 7  -  HOCK LOCK SIEW Catherine Ong SINGAPORE Telecommunications president BG Lee Hsien Yang said on Thursday that Temasek Holdings' US$l billion (Ssl.6 billion) convertible bond issue hasn't been well understood by the stock market. The suggestion is that the market may have over-reacted
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    • Article
      Lock icon Creative, Microsoft to build audio standard
      222 7 Bloomberg [SINGAPORE] Singapore's Creative Technology Ltd said it's working with Microsoft Corp, the world's biggest software developer, to build a standard for sound used in computer programs. The standard will be based on Microsoft's software interface called "DirectX", which analysts say has taken over
      Bloomberg  -  222 words
    • Article, Illustration
      Lock icon ST Engg unit to develop hi-tech system for SCDF
      392 7  -  C3I system will help units in mittflinn planning By: David Boey [SINGAPORE] Singapore Technologies Electronics, the defence electronics specialist subsidiary of mainboard entity Singapore Technologies Engineering, is well on track to deliver a multi-million dollar command, control, communication and intelligence (C3I)
      MUHAMAD SHAH/ST  -  392 words
    • COMPANIES
      • Article
        SET to delist dollmaker, probe two other firms
        438 8  -  Earth Industrial is second '98 delisting moves to clean up corporate Thailand From Harish Mehta in Bangkok THE Stock Exchange of Thailand will delist a company that produces the famous "Cabbage-Patch dolls" and is probing two other companies suspected of questionable financial
        438 words
      • Article
        Lock icon Indon firm misses coupon payment
        157 8 Bloomberg [JAKARTA] PT Pakuwon Jati, a property developer based in Surabaya city, said a cash crunch stemming from the currency turmoil has made it miss coupon payments on outstanding debt. The company has also suspended work on two shopping malls. Pakuwon Jati missed coupon payments
        Bloomberg  -  157 words
      • Article
        Lock icon Analysts question Ekran's cash position
        452 8 following failure to cover Wembley debts and SC probe Reuters [KUALA LUMPUR] Malaysian construction firm Ekran Bhd's failure to rescue a failing affiliate, coupled with an investigation of Ekran funds, has raised questions about the group's cash position, analysts said yesterday. Ekran has failed to
        Reuters  -  452 words
      • Article
        Lock icon Now's the best time to launch ST-1 satellite, says SingTel
        564 8 Regional crisis seen having positive effects as well AFX-Asia [SlNGAPOßE] Singapore Telecommunications Ltd said now is the best time to launch Singapore's first satellite despite the prevailing economic uncertainties in the region. In an interview with AFXAsia, Sing Tel executive
        AFX-Asia  -  564 words
      • Article
        Brilliant: 75% of applicants get shares
        222 8 SMALL investors will receive more than half of Brilliant Manufacturing's mainboard initial public offer, and three out of every four investors who applied for its offer will be allotted shares. DBS Bank, its underwriters, yesterday said that a total of 14,050 applications were received
        222 words
      • Article
        Lock icon Kerry sees posh flats raking in HK$2b
        180 8 Bloomberg [HONGKONG] Kerry Properties Ltd, a Hongkong real estate developer and landlord, said yesterday it would generate at least HK$2 billion (SJ42O million) in revenues selling apartments in a new luxury development. The property arm of the empire controlled by Malaysian magnate Robert
        Bloomberg  -  180 words
      • Article, Illustration
        Lock icon Form's Philippine unit Toonworks clinches $4m deals
        368 8  -  From, Al Labita in Manila A SUBSIDIARY of a Singa-pore-based animation and post-production firm has gained much headway here since it began operations last December. Form Toonworks, 76 per cent owned by Sesdaq-listed Form Holdings, has bagged $3.9 million worth of contracts. "We
        FILE PHOTO  -  368 words
      • COMPANY Briefs
        • Article
          Pantai ups Asiamatrix stake again
          47 8 [SINGAPORE] Malaysia-listed Hospital Pantal has again increased its stake in Sesdaq-listed Asiaxnatrix, a healthcare and inject mould company, ftx>m 20.68 per cent to 21.02 per cent. It had bought 100,000 shares in the open market at about $2.54 per share on Wednesday.
          47 words
        • Article
          Air force chief to join STIC
          109 8 [SINGAPORE] Singapore Technologies Industrial Corporation yesterday announced that Major-General Goh Yong Slang, chief of Singapore's Air Force, will join the company as an executive vice-president on July 1 after leaving the air force. The mainboard company said Maj-Gen Goh "will assist the President and
          109 words
        • Article
          Showpla unit sells SPVN stake
          65 8 [SINGAPORE] Showpla Asia announced that Qian Hui Manufacturing (S) Pte Ltd (OHM), a wholly-owned subsidiary, has sold its entire shareholdings of 3,529 shares of Ssl each in investment holding company SPVN Pte Ltd to The Vietnam Investment Fund (Singapore) Ltd for US$4.2B million (556.9 million),
          65 words
        • Article
          Showpla clarifies results
          123 8 [SINGAPORE] Showpla Asia has clarified that the exceptional item in its recent ftill-year results mnoqncißMnt was for profit arising from the sale of the company's property in Jurong Pier Road. As far the extraordinary item, it relates to profit arising from Qian Hui Manufacturing (S) Pte Ltd's
          123 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon VW raises bid to counter BMW offer for Rolls-Royce
        552 9 But Soils' owner Tickers says BMW talks exclusive, no other bids negotiated AFP [FRANKFURT] Volkswagen said yesterday that it has improved its takeover offer for Rolls-Royce in an audacious bid seen as an attempt to spoil supposedly exclusive talks on an
        AFP  -  552 words
      • Article
        Lock icon Intel sees solid sales in second half
        321 9 Bloomberg [SYDNEY] Intel Corp president and chief operating officer Craig Barrett said the company's sales will be strong in the second half of 1998, reversing an expected decline in first-quarter sales. "We're expecting a strong second half, though it's hard for anyone to
        Bloomberg  -  321 words
      • Article, Illustration
        Lock icon Deutsche Bank reveals Q4 loss of 1.36b marks
        419 9 3.6b marks set aside for revamp, Asian risk provisions Bloomberg [FRANKFURT] Deutsche Bank AG, Germany's biggest bank, indicated a fourthquarter loss of 1.364 billion Deutschemarks (Ssl.2 billion), within expectations, as it set aside 3.6 billion marks for reorganisation and Asian risks. The
        Bloomberg; AFP  -  419 words
      • Article
        Lock icon Mitsui Engineering says it's heading for 13b yen loss
        250 9 Bloomberg [TOKYOJ Mitsui Engineering Shipbuilding Co said it now expects to post a loss for the year ended March 31, as the slumping real estate market prevented the company from selling land and property. The Japanese shipbuilder and heavy machinery maker
        Bloomberg  -  250 words
      • Article
        Lock icon Dow Chem buys out China partner
        194 9 Bloomberg [BEIJING] The Dov Chemical Co, the world's fifth-larg-est chemical company, said it bought out its Chinese partner's 50 per cent stake in a US$7O million (*****.9 million) polyurethane plant in the port city of Ningbo. The transaction comes as Chinese governments seek to
        Bloomberg  -  194 words
      • Article
        Lock icon Output of MR heads surges
        266 9 World output np four times in 1997 but will peak in 1998: report Bloomberg [TOKYO] Worldwide production of magnetic-resistance (MR) heads used in computer hard disk drives quadrupled in calendar 1997, said Tokyobased private research company TYend Concept. Makers produced 321 million MR heads worldwide
        Bloomberg  -  266 words
      • Article
        Lock icon Dutch group Akzo plans to bid for UK's Courtaulds
        328 9 FT [LONDON] Dutch chemicals group Akzo Nobel is understood to be planning a bid for Courtaulds of the UK, which would make it the world's largest paint company. The move would replace plans announced by Courtaulds in February to split into
        FT  -  328 words
      • Article
        Lock icon Four-week dealing suspension for Nikko
        139 9 AFP [TOKYO] Japan's finance ministry yesterday suspended Nikko Securities Co Ltd from dealing in equity-re-lated products for four weeks from April 10 as punishment for paying off a lawmaker. Japan's third largest brokerage admitted at a hearing on Monday paying off ruling party lawmaker Shokei
        AFP  -  139 words
      • Article
        Lock icon ING implied Q4 net grows 16%
        357 9 CEO sees profits op 50% this year after accounting switch Bloomberg [AMSTERDAM] ING Groep NV, the largest Dutch bank and insurer, indicated fourthquarter profit rose a more than expected 16 per cent, boosted by acquisitions based on 773.4 million shares. "Generally speaking, Dutch banks
        Bloomberg  -  357 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon NAB plans A$315m global revamp
        291 10 Reuters [MELBOURNE] Australia's largest and most profitable bank, National Australia Bank, said yesterday it would spend As3ls million (***** million) this year on a global restructuring, cutting the number of employees and branches. NAB also announced a major promotion for Glenn Barnes, who will be
        Reuters  -  291 words
      • Article, Illustration
        Lock icon Short-term downmove seen for US$
        340 10 USS/mark: US$/mark moved into higher ground this week, touching a high of 1.8565 before it eased slightly to 1.8520 level yesterday morning. Given the overbought conditions in the daily stochastics, some downside corrective moves may be expected. Support levels are seen at 1.8440, 1.8370, 1.8110
        Source: DBS Bank  -  340 words
      • Article
        Lock icon Canadian banks' merger gets EU's thumbs up
        306 10 Bat still hardies to overcome at home before N America's second biggest bank can be created Bloomberg [BRUSSELS] Royal Bank of Canada's purchase of Bank of Montreal for C 523.1 billion (5526.5 billion) was approved by European Union anti-trust regulators, clearing one regulatory
        Bloomberg  -  306 words
      • Article
        Sanyo Merchant Bank in S'pore to liquidate soon
        334 10  -  Only two staff left in nnit of failed Sanyo Securities By I Soh Tiang Keng [SINGAPORE] Sanyo Merchant Bank (SMB) in Singapore, a fully-owned subsidiary of Japan's Sanyo Securities which went bust last November, is closing down its operations here. M Kawabata,
        334 words
      • Article
        Lock icon 100b yen bond sale to expand Disneyland
        271 10 Bloomberg ITOKYOJ Oriental Land Co, the owner of Tokyo Disneyland, yesterday sold 100 billion yen (Ssl.2 billion) of bonds in its first bond sale to help finance expansion in a way least affecting share prices. Oriental Land is spending 400 billion yen to
        Bloomberg  -  271 words
      • Article
        Lock icon Euroyen eases on Moody's ratings
        210 10 SXMEXReport Reuters [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures fell yesterday, reacting to US ratings agency Moody's change of ratings for Japan. Moody's Investors Services lowered its outlook for Japan's sovereign debt to negative from stable, which triggered selling as bond yields rose
        Reuters  -  210 words
      • Article
        US markets give fillip to futures
        171 10  -  MSG! TAIWAN FUTURES Perry Gilbert Perry Gilbert, vice-presi-dent, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan stock Index futures contract opened on its lows for the day and slowly responded to the climb in US markets overnight to close near the high at
        171 words
      • Article
        Lock icon Oil prices firm again on output deal
        291 10 ENERGY REPORT Reuters [LONDON] World oil prices firmed for the second day running yesterday as oil dealers wanned to an output deal aimed at trimming over 2 per cent from glutted markets. World benchmark Brent blend crude oil was up 31 cents a
        Reuters  -  291 words
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        Lock icon CURRENCY REPORT
        268 10 Reuters, AFP London A DOLLAR/YEN bounce to six-and-half-year highs dominated trade in Europe yesterday as the growing fragility of Japan's economy and financial system were highlighted by a Moody's outlook downgrade, traders said. Intervention by the Bank of Japan saw the dollar pull back below 135 yen in
        Reuters,; AFP  -  268 words
      • Article, Illustration
        Untitled
        1216 10 nrrntBAMKoaowKATM AP r3 ki c$ —> cat t^ u Hf „,gfl f*«»■—in yw ww mi «sent» n«o $< —i sir mi tm Hm< «f Autrala 0.936 6.178 0.613 4.0* Ufc>096 2S.996 56.095 0.885 9.528 2.477 1J9} 2150? 25.748 1072 3.3M 1006 21.695 26.978 0595 0.658 Canada 1.069 5.838 0.655 4J65
        1,216 words
    • Article
      COMMODITY PRICES
      1609 11 8ICOM FUTUIIBS Aprs NUHCt (MvMdNiat«tf Ufta) ISS1 COWTtACTtf c»rts/fc«> CIom Voiww Opon Wltfc M«* low Sott (to—f) lotortrt m** mjo tttoo moo aoo 2450 JOB* W7.75 3T50 Jol 98 120.00 *45 Aof98 123.50 1665 Sop 91 125.25 *65 Oct/Doc 98 129JO 4950 JWMor 99 ***** 975 Apr/Jon 99
      1,609 words
    • Article
      WORLD STOCK MARKETS
      2278 11 IMMN Mutriais 1$fl hw 31 Group 589.000 4.000 AB Ports 377.000 unch AtMy National 1215.000 -8.000 MM Domacq 604.000 6.000 Amoc 158.000 1.000 Asda Group 204.400 -0.600 BAT Ind 537.000 -35.400 BG Pie 311.000 -2.400 BICC 146.000 -4.000 BOC Group 885.000 -36.000 BR Patrotaum 879.000 3.600 BTR
      2,278 words
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      Lock icon TOKYO
      1612 11 AFP Q Nikkei 225 ***** JAPANESE share prices closed 1.2 per cent lower yesterday after the previous day's crash of 3.3 per cent, as Moody's downgraded Japan's country ceiling and currency ratings, brokers said. "Moody's move threw cold water on the mood for a technical rebound, sending the broader
      AFP  -  1,612 words
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      Lock icon HONGKONG
      1566 12 Reuters CI Hang Seng -137.03 STOCKS ended sharply lower yesterday, jolted by a drop in Japanese share prices and skittish sentiment ahead of the long weekend. The Hang Seng Index closed at 11,052.68 a loss of 137.03 points, or 1.22 per cent after hitting a session low of 10,952.52
      Reuters  -  1,566 words
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      Lock icon CHINA
      594 12 Reuters n Shenzhen B Index 443 CHINA'S hard currency B shares closed mixed yesterday amid selling by foreign investors and caution over corporate profit reports, brokers said. Shanghai B shares ended lower while the hard currency shares in Shenzhen finished slightly firmer but on weak turnover. "It was a
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  594 words
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      Lock icon TAIPEI
      374 12 AFP QWPlndoc +120J* THE Taiwan stock market soared 1.3 per cent yesterday with all the sectors posting gains, buoyed by overnight rallies on Wall Street, dealers said. "The bourse was encouraged by rallies on Wall Street and it would move up further if the US markets continue going bullish,"
      AFP  -  374 words
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      Lock icon JAKARTA
      732 12 AFP |3I Composite Index +1(L90 SHARE prices closed 3.3 per cent higher yesterday on a technical rebound and positive sentiment over the visit of IMF managing director Stanley Fischer, dealers said. "Fischer's presence and complimentary comments were also okay but (the rally) was quite technical," a dealer with a
      AFP  -  732 words
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      Lock icon BANGKOK
      796 12 AFP □set Index -10J2 THAI share prices plummeted 2.4 per cent yesterday in thin trade on concern over economic reform in Japan and a weakening in regional currencies. Analysts said trade had slowed sharply with volumes near record lows as investors assessed the implications of Japan's moves to reform
      AFP  -  796 words
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      Lock icon MANILA
      310 12 AFP o Manila -0.45 SHARE prices closed marginally lower yesterday taking its cue from the rest of the region and the approach of Easter holidays, analysts said. The Composite Index eased 0.45 points to 2,173.55 points. The Philippine Long Distance Telephone Co fell five pesos to 1,015 pesos while
      AFP  -  310 words
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      Lock icon SEOUL
      414 12 AFP CI Composite Index -19.21 SHARE prices plunged 4.2 per cent on the Korea Stock Exchange yesterday as concerns over LG Group and Dong-Ah Construction, and the yen's sharp fall against the dollar, weighed heavily on shares. The Composite Index fell 19.21 points, or 4.2 per cent, to close
      AFP  -  414 words
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      Lock icon SYDNEY
      600 12 AFP All Ordinaries *13*8 AUSTRALIAN share prices gained 0.5 per cent yesterday, backed by healthy gains among major banks and a strong gold price, but gains were affected by an underdone Japanese bourse. The All Ordinaries index gained 13.8 points to 2,770.8. The All Industrials rose 35.5 points to
      AFP  -  600 words
    • Article
      Lock icon WELLINGTON
      256 12 AFP n Wellington -178 SHARES closed down 0.1 per cent yesterday, with investors concerned about high interest rates and currency pressure, dealers said. The NZSE-40 index was down 2.78 points to 2,312.43 on turnover of NZ595.3 million. Brewer Lion Nathan Ltd finished the day up eight cents to NZ$4.B2.
      AFP  -  256 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8636 13 Cmsmmt pniKts 1998 Lest Vol Day Hot Cap M» U» rinwi BdM ■000 HN> L— Pit. 310 180 Ajinomoto 270 14.9 109.4 140 73 Angkasa 95 -6 62 100 95 2-2 140.1 290 123 Apollo Food Htq 195 unch 5 195 195 5.7 78.0 388 190 Berjaya Land 370 6
        8,636 words
      • Article, Illustration
        Lock icon Market takes another hard knock
        352 13 AFP Q Composite Index -17.79 MALAYSIA'S key stock index ended 2.6 per cent lower yesterday, spooked by fears of further corporate failures and regional falls amid concerns about the Japanese economy. "The view in the market is that the banking crisis and the corporate situation
        AFP  -  352 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3640 14 ■OMOS, LOANS ft WAMIAMTS Wt 1998 Last Vol Day Last Ouott Avg High Low Stna Company Solo *Of COOP) High Law Buyar «—f PHta 23.5 9 m 3000 m AMDS C5.SH*****6 16 12 20.5 8 3160 "Acar ******1USS 13.5 -0.5 20 13.5 13.5 12.5 13.5 95 8.5 3164 Ac ma
        3,640 words
      • Article
        Minho Bhd wrt looks overpriced
        168 14  -  WARRANT WATCH -By R Sivanithy OUT-OF-THE-MONEY warrants or those where the underlying share price has fallen below the exercise price often represent the best plays for those looking to capitalise on a sharp bounce in prices. The reason is that these instruments usually offer tremendous
        168 words
    • Article
      CLOB INTERNATIONAL
      2327 14 Transaction date Apr 3 MALAYSIAN STOCKS Or Or MM Lilt Vol Day Lot Quote Wv Mv YW Nat M Cap Hlgft Law itno Company lata C000) Hlgft Law 8uyr SaPar C"vr P/I $mM "135 28 mi 5000 AISB50c 87 504 89 8sl 87 575 SO 3J 1.2 35.5
      2,327 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6464 15 Transaction date Apt 3 |j Cr Or M W« 19*6 Last V*4 My Last Ouata Dtv D4v YM Nat Cap Av« High Law StNo Company Sata COOP) High Law Buyar Sa«f C'yr P/t $mM Prka MOUSTttALS 43 18.5 a 1020 ACE Dynamicl60c. 34.5 -0.5
      6,464 words
    • Article
      SESDAQ
      1190 15 ••M Last Vat Day Last Ouota CHv Dtv YW Met Cap A>o MH» Low M» Cimpwy Ut» COOP) >■» L— Bfar »a8er Cw Wl $m« Prtea 134 96 t 2000 ABR HMgs Sc 116 90 109 51.4 t 16 2*3 76 a 2049 AS Auto 10c 169 -tl 115
      1,190 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        175 16 VdMM Uraco HtdqstOc 25,519,000 •Rrtaptttfk Bh 12,612,000 •Renong Bitd 50c 10,766,000 Easyfcnit HKIOc 10,050,000 *M Resources 9,072,000 •UnipJwenta 8,094,000 •InsasBhd 7,873,000 *M8f Capital 7,340,000 SingTel 15c 6,584,000 •Mutti-Purpose 6,482,000 Stedu SIA Foreign 28,*****6 City Dev 50c 27,052,058 DBS Foreign 22,230,022 OCBC Foreign 21,483,470 SingTel 15c 17,980,301 SPH 15.624,082 DCS Land
        175 words
      • Article, Illustration
        HOT STOCK
        51 16  -  -by\ Shiv Taneja SIA Foreign closed 40 cents lower yesterday at $10J0 on a volume of 2.57 million shares, compared withUs 10-day traded average of 1.94 million shares. Then is more downside in the days ahead but it could be limited, according to the daily RSI and Stochastics
        51 words
      • Article, Illustration
        Another day of falls as Japan worries hit shares
        608 16  -  STOCK MAEMHT COMMENTARY Investors fear yen's slide spreading to other currencies; shaky ringgft hits Malaysian stocks By R Sivanithy [SINGAPORE] Bogged down by lingering worries about the state of the Japanese market and a possible collapse in the yen that could
        608 words
      • ON THE GRAPEVINE
        • Article
          SCV wiring worth it?
          109 16 EVER since Singapore Cable Vision's announcement that landed property owners will have to fork out $2,352 to wire up their homes, there's been a flurry of resentment at having to pay so much to watch movies on the tube. One wag has reasoned on the Internet
          109 words
        • Article
          Selling with jokes
          91 16 LAST week, there was an event called the National Achievers Congress at the World Trade Centre designed for sales and marketing executives. The event featured several high-powered "motivation speakers", among whom was one Pete Crofts, "founder of the Humourversity in Australia and captain of the Humour Comedy
          91 words
        • Article
          Out of the closet
          139 16 THREE months after it began soft-selling its maiden unit trust—the HSBC Asian Growth Fund—in Singapore, HSBC Asset Management has decided to come out of the closet with full-page advertisements in yesterday's papers. If the ftind's main selling point is the feet that it Is a "new
          139 words
        • Article
          Selving an identity problem
          118 16 TIRED of having different parts of its business called different things, French financial group Societe Generate has decided to put an end to all that We are informed that from this month, the international commercial and investment banking business ofthe group will be marketed under the
          118 words
        • Article
          Free clips, anyone?
          82 16 AN item in the March issue of BankUm, DBS Bank's newsletter, caught the eye of a colleague. Apply for a DBS Bank Card, DBS Autophone and DBS Internet Banking before the end of May, and guess what youH receive—a set ofpaper clips for free. Somehow we are
          82 words
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      203 7 THE MONETARY AUTHORITY OF SINGAPORE fwirirpiMrii OrriillMC Or TAXABLI PCKIK^NTiIY AMOUNT OFFERED SGD7(X)MIO I ISSUE CODE N*****0S I ISSUE DATE 16 APRIL 1998 I MATURITY DATE 15 APRIL 2000 I INTEREST RATE TO BE DETERMINED BASED ON THE I AVERAGE YIELD OF SUCCESSFUL I APPLICATION I PRICE TO BE DETERMINED
      203 words
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      142 8 I TheßusinessTimes I SINGAPORE I PREMIERES THE NEW FRAQRANCE DESIGNED FOR MEN AND WOMEN Get to know The Business Times and win Bvlgari Parfums products. There are 20 hampers worth $225 each to be won in this final week. On top of that, all entries would be eligible for the
      142 words
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      Page 9 Advertisements Column 1
      96 9 Instructed by the Receiver and Manager mandated by the creditor bank to realise The Sh. Sameyeh Pte Ud Collection which includes Museum Level examples, Mr Bruce Granger announces AN IMPORXANT EXTRAORDINARY (RESTRICTED) AUCTION HIGH INTERNATIONAL STANDARD exceptional and rare items very rarely offered in Singapore TRUE PERSIAN CARPETS AND IRANIAN
      96 words
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      Page 9 Advertisements Column 2
      400 9 w HOW TO ANALYSE AND INTERPRET FINANCIAL STATEMENTS March 20 This highly practical course wil provide an understandhg of key financial and related information. It cleats with fundamental concepts in a clear, Ma i/19 wav to provide si mole financial tools to gauge the financial weS being of a company.
      400 words
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      73 12 calling about See...l told The card we're I the computer you this was a J s' making for Susan 1 I advertised in J /^TT^rS^^ go deal../ /Yup, we got what V is going to be J Straits Times J/. J* S we wanted because real nice! 1J s Buyina
      73 words
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      51 14 I'd like to place an A buyer W I love this car V advertisement to J I the very I that I found V A §I||| ,4' f .-'"-{'l, ->:•*' sell my car... next 1 through I a/ V The Straits Times Buying or selflN through ™fr~— —lEp Call CATS.
      51 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      178 16 BUSINESS Not ices To advertise caU toll-free 1800-*****83 CSA HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF CLOSURE OF BOOKS NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Members of the Company will be closed from 30 June 1998 to I July 1998 (both dates
      178 words
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      Page 16 Advertisements Column 2
      63 16 KOSHER PTE LTD (In Mimtwi Voluntary Winding-Up) NOTICE IS HEREBY GIVEN that the Final Meeting of the abovenamed Company will be held at 138 Cecil Street, #1840 Cecil Court, Singapore *****8, on 4 May 1998 at 2.30 pm for the purposes set out in Sections 308 and 320(3) of the
      63 words
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      Page 16 Advertisements Column 3
      302 16 IN THE MATTER OF THE COMPANIES ACT, CAP. St AND IN THE MATTER OF PAN AURORA MARINE PTE LTD (INCORPORATED IN SINGAPORE) (IN MEMBERS' VOLUNTARY WINDING UP) NOTICE OF FINAL MEETING NGTICH IS HKREBY GIVEN, pursuant lo Section JOB of the Companies Act. Cap. 30. that (he Final Meeting of
      302 words
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      Page 16 Advertisements Column 4
      117 16 In business, being at the right place at the right time with the right crowd is critical. Our Special Features can help you get there. The right place,- because the editoral focus complements your advertisement. The right time, because our special features arc specially planned to coincide with specific events,
      117 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      A new decade of movie magic
      1469 17  -  The annual Singapore International Film Festival enters its 11th season with its biggest programme ever, susamtsamo finds out how the festival is run and what's in store this year SUSAN TSANG Philip cheah's mission is "to open windows in people's minds". The programmer for
      1,469 words
    • STRAWS In The Wind
      • Article
        Grammatical rudeness
        102 17 OVERHEARD at a department store recently: A woman was talking to a salesgirl about a skirt she was going to buy for her daughter, who was obviously impatient to have it. "Give it to me lah! Give it to me lah!" pestered the little girl as the discussion
        102 words
      • Article
        Blame it on Al Nino
        162 17 THE El Nino weather phenomenon has wreaked havoc around the world, and the name has become a catch-all for any catastrophe. So who, or what, is El Nino? Some people in California think they know. They've been making irate calls to a retired US navy
        162 words
    • PROFILE
      • Article, Illustration
        Lock icon Selling west, buying east
        1564 18  -  Amid rumours that they face financial trouble, Ong Beng Seng and his wife Christina are turning their attention to their home region and adopting a business strategy that will ensure that they benefit from the region's financial crisis when the dust has settled in Asia Hilary
        The Independent; FILE PHOTO  -  1,564 words
      • Article, Illustration
        Lock icon Seductive tales to take you from gluttony to lust
        1039 18 BOOKS Chilean author Isabel Allende's erotic new book on food teases, tempts and titillates the reader LAT-WP FORGET the hackneyed oysters, chocolate and caviar, aphrodisiacs only for those starved in imagination. The most powerful aphrodisiac is still a well-told story. At
        LAT-WP  -  1,039 words
    • PURSUITS
      • Article, Illustration
        Cartier and Gucci eye men's fragrance market
        505 19  -  FASHION The two labels are pnmping in big backs to promote their scents in Asia By Frances Lui GUCCI and Cartier, names synonymous with the world of high fashion accessories, have each come up with a new men's fragrance that they hope will
        505 words
      • Article, Illustration
        Lock icon Setting up a miniature home
        806 19  -  It's much cheaper than owning and furnishing a real one, and it can even become your pastime, tan su yen reports TAN SU YEN NEVER mind if you live in a two-bedroom apartment in a condominium with 200 other families. You can still try your
        CHRIS LOH  -  806 words
      • Article, Illustration
        Lock icon The season for feminine, user-friendly dressing
        749 19  -  FASHION From trying hard to be hip, Donna Karan's DENT line has now recovered a womanly serenity By Suzy Menkes LAT-WP [NEW YORK] The American shows have opened with a woman's take on fashion and that means femininity with a feelgood factor. Soft but
        LAT-WP; AFP  -  749 words
      • Article, Illustration
        Satire with plenty of bite and laughs
        666 20 CINEMA Wig The Dog boasts a punchy script and sterling performances from the cast WAG The Dog is a political satire, which, on top of providing some wicked laughs, has been credited with stopping President Bill Clinton from declaring war on Iraq over
        666 words
      • Article, Illustration
        It's time to laugh away the gloom
        729 20  -  SINGAPORE INTERNATIONAL COMEDY FESTIVAL Arts Management Associates scours the world for two years to bring in nine award-winning acts By\ Susan Tsang WE have the Singapore Arts Festival, and the International Film Festival during these few months, but Robert Liew, of Arts Management
        729 words
      • Article, Illustration
        Serious tale told by wrong director
        652 21 CINEMA Spielberg's inability to hold back his manipulation makes Amistad a flawed work THE issue of slavery is an important one in the history of the US, but it is too important a story to be told by the wrong people. Steven Spielberg is
        652 words
      • Article, Illustration
        WHAT'S ON
        415 21  -  Compiled by M Yasotha MUSIC SSO's Subscription Series Russian piano virtuoso Konstantin Scherbakov will perform Medtner's Piano Concerto No 1 in C minor. Op 33 and Berlioz's Symphonic Fantastique, Op 14. Choo Hoey conducts. Today, 8.15pm at the Victoria Con cert Hall. Tickets: $8, SI3, $18, $25 $35
        415 words
    • EPICURE
      • Article, Illustration
        Living up to the Mao name
        918 22  -  House of Mao bustles with capitalist activity as its brand of Hunan and Western fusion fare goes down well with diners, says tamsuyem TAN SU YEN Looking down from that Great Hall in the sky, Chairman Mao would have been very pleased. From the
        918 words
      • Article, Illustration
        A showcase of Alsace's robust flavours
        575 22  -  RESTAURANT Top of the M, which is hosting French chef Philippe Velten, offers an affordable lnnch buffet Tan Su Yen PROPERTY magnate Ng Teng Fong is apparently a regular at the Mandarin Singapore's Top of the M. Looking down from the 39th floor restaurant,
        575 words
      • Article
        Unveiling the legendary Vega Sicily Unico
        795 22  -  WINE CONNOISSEUR The Spanish winery is making a determined effort to raise its profile aronnd the world and limited quantities are now available here By\ N K Yong PABLO ALVAREZ, member of the owner-family of Spain's most renowned and legendary winery, Vega Sicilia, is
        795 words
    • Article, Illustration
      CINEMA
      771 23 A Life Leu Ordinary Ewan McGregor stars as a janitor who kidnaps his ex-boss' daughter (Cameron Diaz). Lido, Century, Yishun, Bishan, Tiongßahru, Boon Lay, GVMarina, Tampines, Orchard, Bugis, East point. Central, Empress, Jubilee, Toa Payoh. Amlstari Steven Spielberg gets serious again. True story of a shipload of Africans who
      771 words
    • Article
      ENQUIRIES AND BOOKINGS
      125 23 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturefiouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Mux 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 OoMan VHlaga Bedok 443-2405 Bishan 353-8885 Boon Lay 792-2788 Broadway 454-9394 Majestic 533-9002 Marina 337-9488 Pavilion 786-5788 Tampines 8 786-5788 Tiong Bahru 274-6588
      125 words
    • TRAVEL
      • Article, Illustration
        Lock icon Untitled
        1159 24  - The maharajahs of yore in the Pink City were given to eccentric and bloodthirsty behaviour, mask graham visits their palaces which are a world away from the mayhem of everyday life in the streets outside MARK GRAHAM ONE was as big as an oak tree, whose immense girth was covered
        PHOTOS BY MARK GRAHAM FOR BT  -  1,159 words
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      Page 20 Advertisements Column 1
      209 20 Now showing at Cathay, United Artists and Studio City cinemas Hansen has tradition of working closely with international architects and designers resulting famous as the Egg, the Swan, the Ant PK collection, to name a these as as the Kjaerholm's revolutionary chair, purchases Hansen 40% discount RIVERSIOC ,v ArneJacobsen ri
      209 words
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      Page 20 Advertisements Column 2
      58 20 Refrigerated Wine Cellar Your perfect answer to wine storage in the tropics Model 999 Capacity up to 144 bottles Price: *****0.75 (ind. GST) (inclusive of delivery setup in Spore) 12 months warranty Available ex-stock from the Sole Agent boKTable BONTABLE AGENCIES (S) PTE LTD *03-05 Sin Cheong Building 47 Jalan
      58 words
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      Page 20 Advertisements Column 3
      38 20 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. CATS. Another Classified Service I'm a businessman. The Straits Times Classified is my best investment. CATJ& 1800-737-1166 Call Today For Results Tomorrow.
      38 words
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      Page 20 Advertisements Column 4
      7 20 Tickets available from Sistic counters. Tel: 348-5555
      7 words
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      Page 21 Advertisements Column 1
      501 21 Now showing at Cathay, Shaw. GV, United Artists and Studio City cinemas Where to wine, dine and entertain*. "°t (o> Gold. Now vou can wear it on the inside PPjWM I Happy Hours after S pin) S.OOpin to l ).(M)pm Draft Bt-i rv at s.vNO* IVr \lui> >11.So lVr Jug
      501 words
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      Page 21 Advertisements Column 2
      127 21 Mandarin Uhl Singapore Riesling Grand Cm Kirjebberg I99fc A nVuuyeud SnaiL e3 with Betr ".Alsace We b ingyoii the wine JQP cuisine of Alsace. 27 March 8 April 03 Bon Appetit! s, m!*K« Please call 831 6258/9 fiSSI for reservations. »*»> "oo» '< *h K LflYOhD'Ce KLIPFCL KdtUltHl FaMa^hr -rSixfLL
      127 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      2255 23 TODAY'S TV 5 |H^l®® 3.00 Caroline Her MOOMhawuHP TIBWIW 0.00 AM TVSN Children's SlTv'fr Corner Salty s Lighthouse. When reality SffiX «jgr kW catches UP Documentary that looks PM Col- 530 Denver! The Last Dinor at the exotic history of the lec tion Pas at What's Eating Gilbert "last frontier".
      2,255 words
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