The Business Times, 25 April 1998

Microfilm: NL21182
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    15 1 THE BUSINESS TIMES MITA(P) 11CV12/97 85c SINGAPORE Internet: http://www.asia! .com.sg/biztimes WEEKEND EDITION, APRIL 25-26, 1998
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  • Article
    MARKET SUMMARY
    60 1 □sin MHL2B (-4.58) BT-SRI nun (-2.75) nvrooiip bJU7BJO7(-193) niTOOHP WIM (-0.19) 8T0CK MI1ET mWCBB Friday Change KLSECOMP .***** *87 NIKKEI 164H1-24 +249.55 HANG SENG 1W79J3 1 SET INDEX 424.79. 2.82 JAKARTA OOMP —490.48 IJW MANIMCOMP 2,***** 10.42 TAIPEI WP! 8.0111 +2116 SEOUL COUP 414.56 1.98 CISA CHINA B
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  • Article
    FINANCE
    76 1 FOBEX KATES USt St US$ 1589 £(ISS/S$ per 1.668 1649 DM 1.7* 0.886 YEN 129.8 1.224* M J.763 8.422 HKS 7.750 0.206 BART S950 0.041 Rl'PlAH 7J909 0.020* •St torn units FUME KITES SINGAPORE* 7.79 KUALA UDirUR 11.50 JAKARTA 28.00 BANGKOK 14.75 MANILA 22.90 HONGKONG 10.25 TAIPEI AM SYDNEY
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  • Article
    GTE denial stuns Singapore telecom industry
    959 1  -  US giant says it's not part of consortium that wins a mobile phone licence By i Catherine Ong, Andrew Marks in New York IN A bizarre follow-up to one of the biggest and most highprofile public tenders here. US telecoms giant, GTE Corp, yesterday
    959 words
  • Article
    Tokyo gives economy whopping 16t yen boost
    291 1 [TOKYO] In the largest fiscal stimulus ever, the Japanese government yesterday announced 16.65 trillion yen (*****.7 billion) in public spending and income tax cuts that is expected to boost Japan's real GDP growth to 2-3 per cent in fiscal 1998. Financial markets did
    291 words
  • Article
    LTA plans door-to-door rail service for commuters
    302 1  -  Punggol 21 likely to be first to enjoy this almost 'personalised' service Christopher Tan [SINGAPORE] Plans are afoot to bring rail-based transport right to the doorsteps of commuters' homes. "What we really want is for a system like the LRT (light rail transit)
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  • Article, Illustration
    Lock icon Most Asian sovereign ratings have hit bottom, says S&P chief
    893 1  -  Bot Indonesia is notable exception to trend By Larry Wee [SINGAPORE] The foreign currency ratings assigned to countries in Asia have stabilised except for Indonesia, according to US rating agency Standard Poor's. S&P's executive vice-pres-ident, Hendrick J Kranenburg, told BT
    ARTHUR LEE  -  893 words
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      Page 1 Advertisements Column 1
      134 1 DfSXDE Investing in global technology stocks, which are prone to huge price swings, can be scary at times. But the sector is getting to be so big no serious investor can afford to ignore it, Pg3 unit rente priw dio The number of Housing Board resale flat applications increased 17.9%
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      Page 1 Advertisements Column 2
      10 1 Full report, Pg 4 Delayed: Bukit Panjang LRTresidentialdevt, Pg 2
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      Page 1 Advertisements Column 3
      50 1 MB t EBXSw 1 V il 1 *|Jr v LE TEMPS CHANEL THE MATELASSEE COLLECTION STEFI AND OIAMOND WATCH DEPLOYANT BUCKLE WATER-RESISTANT TO 30 METERS SAPPHIRE CRYSTAL MADE IN SWITZERLAND EXCLUSIVELY AT THE CHANEL BOUTIOUES NGEE ANN C1TY.391 ORCHARD ROAD.SINGAPORE TEL *****20 ISETAN SCOTTS 350 ORCHARD ROAO. SINGAPORE TEL: *****21
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      Page 1 Advertisements Column 4
      8 1 South Korean banks' bad loans escalate, Pg 4
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      HDB resale applications up 17.9% in first quarter
      403 2  -  Bat latest HDB data show prices dip 7.2% compared to previous quarter By, Jenny Lam THE number of Housing Board resale flat applications increased 17.9 per cent to 12,385 in the first quarter of this year while the prices of such flats
      403 words
    • Article
      Cut in deposits for big land tenders
      229 2  -  Govt lowers deposits for state land bids above $300 m with immediate effect By. Abdul Hadhi [SINGAPORE] Following a review, the Ministry of National Development (MND) has reduced the tender deposit rates for large state land sales. In a statement yesterday, the ministry
      229 words
    • Article
      Design and build projects on the rise
      232 2 FAST gaining popularity in the private sector, design and build (D&B) construction projects are set to pick up further. The value of D&B building contracts in the private sector last year grew 60 per cent to $940 million. This amounts to about 10
      232 words
    • Article
      Minister backs cheque charges
      227 2 SENIOR Minister of State for Education Peter Chen has come out in support of banks' higher charges for cash and cheque transactions. Speaking at the opening of Singapore Network Services' new building yesterday, Mr Chen said it was fair for customers to pay the processing costs
      227 words
    • Article
      Vista buys into 19 S'pore and HK clinics
      259 2 VISTA Healthcare Asia has acquired stakes in 19 medical clinics in Singapore and Hongkong. The latest deal to buy five Hongkong clinics from Hong-kong-listed First Pacific Davies Holdings was sealed this week. Vista's executive director Chia Chee Keong yesterday said the company
      259 words
    • Article, Illustration
      Lock icon Residential devt above Bukit Panjang LRT put on hold
      364 2  -  By < Christopher Tan THE government has decided to delay a planned residential development above the Bukit Panjang LRT (light rail transit) depot site. Communications Minister Mah Bow Tan told BT. "Now's just not the right time." he said. But he
      ALPHONSO CHAN/ST  -  364 words
    • Article
      Management must lead productivity drive, says Boon Heng
      255 2 MANAGEMENT must be in the driving seat and set the tone for a company's productivity growth, National Trades Union Congress (NTUC) secretary-general and Minister without Portfolio Lim Boon Heng said yesterday. Speaking at the launch of a new programme aimed at getting
      255 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      63 2 (Best (Bites, (Bright Nights at jj2Hs2jsjj^3 Cajuti Cuisine Give yourself a real treat win two return tickets to Exotic Bali (3 days/2 nights) fflf Dine upstairs in our wonderful mansion any night of the week and qualify for a trip to Enchanting Bali. Reservations call 536 8001 s 26/27 Boat
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      Page 2 Advertisements Column 2
      10 2 SFo<K/J <Sntertairwzent HThe Straits Times Classified Classifications 5-36 y i
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      Page 2 Advertisements Column 3
      26 2 Direatk the ice with a conversation piece from Sunday Gallery ~j M 5 a Sunday Classified special on antiques, collectors' I items, and arts crafts \cm\
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      513 2 CRYPTIC CROSSWORD 1 Company in Greek capital go- I I f 1 F 1 i ing round under an assumed MM H H name (5) 4 They give high-jumpers open- 9 i ;I jj 8 Then part yourself from a 10 J jI gathering of woman only iT~^|—^—^B~~~~^B—^^^B 9 Authorise
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  • FOCUS: PERSONAL FIHANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        597 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, Phillip and Indosuez WI Carr. STIC ♦(Sell) Indosuez WI Carr, Apr 23, $1.99 Whilst the risk factors of
        597 words
      • Article, Illustration
        In My Opinion
        430 3 THE recent corporate reporting season saw aggregate earnings falling by 26 per cent. However, this was largely discounted by the market as the underperformers were affected mainly by general provisions. These provisions have served to reassure investors of their asset integrity. For the property companies, the provisions
        430 words
    • Article, Illustration
      Lock icon Plug in to technology stocks
      843 3  -  Fund managers from UK-based Henderson Investors explain why the future for this sector is looking very bright By\ Shiv Taneja INVESTING in global technology stocks which are prone to huge price swings can be a heart-stop-ping experience for the novice. But the sector is getting
      Source: MSCI; Source: 1998 OECD far  -  843 words
    • Article, Illustration
      Lock icon Jakarta needs to show it won't jump IMF ship
      679 3  -  ETE OK THE REGION: INDONESIA From\ S N Vasuki in Jakarta 'After coming within an inch of entering a shell and saying goodbye to the world, Indonesia is back. With what this time? A valedictory salute or a plan for redemption.'
      FILE PHOTO  -  679 words
    • Article
      CitiSelect Portfolios are not market timing funds
      611 3  -  LETTER TO THE EDITOR Jim Kandunias Regional Product Head Citibank N A REFERRING to the article titled "CitiSelect Funds hit by Asian turmoil, but don't write it off" (BT, April 11), we would like to make some clarifications and corrections that might be
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    • Article
      ACU DEPOSIT RATES Offered by various rates banks (as at Apr 23,1998)
      678 3 Bank of China MmmMMMMH m$ 25.000 249.999 10.3100 10.4400 10.4400 A) 250.000 500.000 10 3100 10 4400 *****0 10,000-49,999 4.1875 4.1875 4.1875 50.000 AAovf 4.3125 4.3125 4J125 500.000 2.499.999 14.1200 14.1300 14.000 2!3S-«« IB. 2JTM 2.750 50,000 Above
      678 words
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  • MARKETS IN TURMOIL
    • Article, Illustration
      Lock icon 'Real water' part of Japan stimulus package is 12t yen
      852 4  -  Measures include 8t yen in public works spending, 4t yen in income tax cuts From, Anthony Rowley in Tokyo IN THE biggest stimulus ever applied to Japan's economy in a single year, the Japanese government yesterday announced public spending measures
      REUTERS  -  852 words
    • Article
      Major fall in wages paid in US$ in Asia: report
      391 4  -  By. Audrey Tan [SINGAPORE] There has been a significant decline in US dollar-denominated wages in Asia since July, the Japan External Trade Organisation (Jetro) has found in a study on investment costs. Wages in Bangkok, for example, have fallen by
      391 words
    • Article
      Lock icon Rates will stay at record low to boost economy: BOJ
      244 4 Bloomberg [TOKYO] The Bank of Japan said it will keep interest rates at record-low levels to revitalise the stagnant economy. "By unanimous vote, the policy board decided to leave monetary policy unchanged," the central bank said after its twice-monthly meeting
      Bloomberg  -  244 words
    • Article
      Lock icon Bangkok Bank raises US$1b in share offer
      275 4 Result seen as important for entire Thai economy Reuters [LONDON] Thailand's largest commercial lender, Bangkok Bank pic, raised more than US$l billion (Ssl.6 billion) on Thursday with a share offering totalling 440 million shares. The results of the offering were seen as important
      Reuters  -  275 words
    • Article
      Lock icon S Korean banks' bad loans rising rapidly
      607 4 Fears of 2nd crisis as bad debts may quadruple by end-98 Bloomberg [SEOUL) Bad loans at South Korean banks are mounting so quickly that the country may plunge into a second financial crisis, analysts said. About 3.300 companies have failed each month since
      Bloomberg  -  607 words
    • Article, Illustration
      Lock icon S Korea hints at early end to foreign shareholding cap
      455 4  -  But optimism fading that move will be enough to lure wary foreign investors From Jennifer Veale in Seoul SOUTH Korea hinted yesterday it may abandon limits on foreign shareholding in Korean companies in a desperate bid to attract outside capital.
      REUTERS  -  455 words
    • Article
      Lock icon Equitable Banking to buy troubled Mindanao bank
      208 4 AFP [MANILA] A troubled regional bank based in the southern Philippines will be acquired by Equitable Banking Corp, a major commercial bank, central bank deputy governor Alberto Reyes announced here yesterday. Mr Reyes said Equitable Bank would have a "total buy-out" of Mindanao
      AFP  -  208 words
  • Page 4 Advertisements
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  • REGION
    • Article, Illustration
      Malaysia bullish on primary product earnings
      381 5  -  Minister projects 10% rise in export earnings to RM 40b From Ruth Wong in KiuiUi Lumpur EXPORT earnings from primary products (not including petroleum and gas) is expected to grow by 10 per cent to 40 billion Malaysian ringgit (5516.8 billion) this year on
      381 words
    • Article
      Lock icon HK retail sales fell 18% to HK414.7b in February
      226 5 HONGKONG Slump in tourism and local consumer demand blamed AFP HONGKONG'S retail sales slumped 18 per cent in February from a year ago as consumers held tight to their wallets following the Asian financial crisis, figures showed yesterday. The value of
      AFP  -  226 words
    • Article
      Lock icon Taiwan chipmakers' big plans
      93 5 TAIPEI Reuters TAIWAN'S microchip makers will invest U5579.2 billion (*****.5 billion) in wafer fab and testing facilities in the next 13 years, a move likely to secure Taiwan's top chip supplier status in the world, officials said yesterday. Projects under planning or being built at Taiwan's
      Reuters  -  93 words
    • Article
      Lock icon Forest fires: five Indon firms to go on trial
      185 5 ■JAKARTA AFP FIVE Indonesian companies will go on trial next month for starting forest fires, the authorities announced yesterday, as a mounting haze and drought alert was sounded across South-east Asia. The companies will be the first tried for starting fires
      AFP  -  185 words
    • Article
      China trade surplus soars 58% on exports to Europe, Americas
      474 5  -  Exports grow 13% while imports rise 2.7%; crisis hurts sales to S-EA Lu Ning [SINGAPORE] China's trade surplus jumped more than 58 per cent in the first quarter on the back of sharp rises in exports to Europe and the
      474 words
    • Article
      Lock icon China's Q1 growth slows to 7.2%
      151 5 BEIJING Reuters CHINA'S economy slowed to 7.2 per cent in the first quar ter of this year amid plunging industrial profits and mounting stockpiles, official data released yesterday showed. The latest figures for gross domestic product (GDP) growth raised new questions over whether China
      Reuters  -  151 words
    • Article
      Lock icon Cardinal Sin slams 'disastrous' frontrunner
      147 5 MANILA AFP THE frontrunner in the May 11 presidential elections would be a "disastrous" leader for the Philippines, an influential Roman Catholic leader said here yesterday. Manila archbishop Cardinal Jaime Sin, in a pastoral letter to be read at all masses in the city on
      AFP  -  147 words
  • Page 5 Advertisements
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  • REGION/WORLD
    • Article
      Lock icon Fed warnings up chances of rate rise by mid-year: analysts
      562 6 WASHINGTON Fiery US growth, stock market, labour conditions triggering Fed alarm bells Reuters, Bloomberg A SLEW of public warnings by US Federal Reserve policymakers about rising inflationary pressures has increased odds that the central bank could raise interest rates by
      Reuters,; Bloomberg  -  562 words
    • Article
      Lock icon KL denies plan to move site of C'wealth Games
      304 6 KUALA LUMPUR Reuters MALAYSIA has no plan to shift the site of the Commonwealth Games if smog from fires that blanketed the capital last year returns in September, the organisers said yesterday. "There is no plan to shift the games," Maziah
      Reuters  -  304 words
    • WORLD Watch
      • Article
        Lock icon Jakarta escapes UN censure
        83 6 AFP [GENEVA] Indonesia yesterday escaped censure for its human rights abuses in East Timor by agreeing to allow a group of UN experts to visit the troubled province. A resolution presented by the European Union to the UN Human Rights Commission was withdrawn in favour of
        AFP  -  83 words
      • Article
        Lock icon German Social Democrats set to win
        101 6 Bloomberg [BONN] Germany's Social Democrats look set to defeat German Chancellor Helmut Kohl's ruling government coalition in September's parliamentary election, according to a weekly poll conducted by the Emnid research institute for German television channel n-tv. Of the 1,000 people interviewed in person, 43
        Bloomberg  -  101 words
      • Article
        Lock icon Yeltsin says Kuril isles belong to Russia
        35 6 AFP [MOSCOW] President Boris Yeltsin said yesterday that the four disputed Kuril islands would remain part of Russia despite Japanese claims over the archipelago, Interfax news agency reported.—AFP
        AFP  -  35 words
      • Article
        Lock icon Hopes for restarting M-E peace talks
        66 6 AFP [BONN] Palestinian Authority President Yasser Arafat and German Foreign Minister Klaus Kinkel said here yesterday they hoped talks next month in London can restart the Middle East peace process. Mr Kinkel said: "We all are looking with hope towards London," where British Prime
        AFP  -  66 words
    • Article, Illustration
      Lock icon Aussie wharf union close to deal that will get jobs back
      437 6 AUSSIE DOCK TUBMOIL Reuters [SYDNEY] Australia's powerful dockworkers' union was close to a deal yesterday that would allow sacked workers back on the wharves and safeguard the union's own long-term future. But the deal, between the Maritime Union of
      Reuters; AFP  -  437 words
    • Article
      Lock icon Germany's upper house gives nod to euro
      244 6 BONN Bloomberg GERMANY'S Bundesrat, or upper house of parliament, approved the country's entry into an 11-member currency union, with only one of Germany's 16 states voting against the motion. Only the eastern German state of Saxony didn't support the country's adoption of the
      Bloomberg  -  244 words
    • Article
      Lock icon UK economy grew at slowest rate in 3 years
      411 6 LONDON After 24 quarters of growth, best times may now be over Reuters THE British economy grew at its slowest rate in three years in the first quarter of the year, official figures showed yesterday. The Office for National Statistics (ONS)
      Reuters  -  411 words
    • Article
      Lock icon Kiriyenko voted PM, ending Russia's month-long crisis
      309 6 MOSCOW Reuters RUSSIA'S lower house of parliament ended a month-long crisis yesterday by confirming reformer Sergei Kiriyenko as prime minister, preventing its own dissolution and a costly early election. Deputies in the State Duma, which had rejected the 35-year-old ex-banker in two earlier
      Reuters  -  309 words
    • Article
      Lock icon Russia not developed nation: UN report
      157 6 GENEVA AFP RUSSIA can no longer be considered among the ranks of developed nations on the basis of social development statistics, according to a UNsponsored report released here. The report by a panel of Russian experts, sponsored by the UN Development Programme (UNDP), notably
      AFP  -  157 words
    • Article
      IMF may not get US$18b from US
      330 6  -  Defence bills will override Clinton's request at meeting congress leaders From Leon Hadar in Washington PROSPECTS have dimmed on Capitol Hill for the approval of President Bill Clinton's request for .an additional US$lB billion (5528.6 billion) for the International Monetary Fund (IMF) to
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    • Article
      Lock icon New Indian govt committed to free market reforms
      230 6 NEW DELHI AFP INDIAN Finance Minister Yashwant Sinha yesterday said the government would not allow a monopoly in either the public or the private sector. Mr Sinha told a conference on the "agenda of the new government" here that the "days of
      AFP  -  230 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      32 6 DOOHESBURY By Garry Trudeau yry/ frr Arpy /go MEAN, LOOK AT Tflfc m/NVeFWV? PLAYERS. LACSYISSUFf=eR- I m? //Vtf FFOM CZM&WA, BIMW* FROM I'M £XAC7IY. sCHizofwmc anpycuKe sirrmitoTm 111 ]gS25Amh/chg /WNP* I CIIN/CAUYPttINOION^
      32 words
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  • COMPANIES & MARKETS
    • Article
      SingTel up on news of only one new fixed-line licence
      442 7  -  Bat except for Teled&ta, all other listed firms in licence bid saw fall in shares By' Teh Hooi Ling [SINGAPORE] Shares of Singapore Telecommunications (Sing Tel) whose market pie will be sliced up further in year 2000 rose two cents,
      442 words
    • Article, Illustration
      Lock icon Bank rescue details boost KUB, Sime Darby shares
      487 7  -  Ex-shareholders effectively absolved of future liability By] Meera Tharmaratnam Tharmaratnam in Kuala Lumpur SHARES of KUB, the investment arm of Malaysia's dominant political party Umno, surged 27 per cent while that of conglomerate Sime Darby rose 2.8 per cent yesterday after funding
      Source: Bloomberg  -  487 words
    • Article
      Mirzan's Dataprep settles suit over debt
      284 7 [KUALA LUMPUR] Malaysian computer equipment and software company Dataprep Holdings Bhd, said it has settled a legal suit brought against it by Sogelease Advance (M) Sdn Bhd to recover 459,294 Malaysian ringgit (*****,903) owed by Dataprep. In a statement to the Kuala Lumpur Stock
      284 words
    • Article
      Fear of equity balloon bursting as Northern bull charges on
      646 7  -  HOCK LOCK SIEW Neil Behrmann IN THE past year, the impact of booming North American and European stock markets on their economies has been positive. The United Kingdom is a prime example. While the British manufacturing industry is on the
      646 words
    • Article, Illustration
      Lock icon Sale leasing another 2 A320s to US carrier
      390 7  -  S'pore Aircraft Leasing has ordered up to 40 planes to meet rising demand By( Conrad Raj [SINGAPORE] Singapore Aircraft Leasing Enterprise (Sale), in which Singapore Airlines has a 35.5 per cent stake, is leasing another two aircraft to US carrier America West
      FILE PHOTO  -  390 words
    • REGIONAL COMPANIES
      • COMPANY Briefs
        • Article
          Lock icon No lifting of KL short-selling ban
          85 8 AFX-Asia [KUALA LUMPUR] Malaysia does not intend to lift the suspension on regulated short selling for now. The Bernama news agency quoted Deputy Prime Minister Anwar Ibrahim as saying that the government was studying claims that short selling caused the sharp fall in share
          AFX-Asia  -  85 words
        • Article
          Omni Mold founder sells 13.8m shares
          62 8 [SINGAPORE] Omni Mold founder and chairman Chen Wu-Chang has sold 13.8 million shares in the company for an undisclosed sum. The buyer is Arizona-based The Tech Group Inc, which now owns 19.5 per cent of the local company. Omni Mold said yesterday that the
          62 words
        • Article
          SIA, Air NZ extend codeshare pact
          58 8 {SINGAPORE] Singapore Airlines and Air New Zealand have extended their codeshare agreement to London and Manchester. SIA said yesterday that from June 1, ANZ passengers on codeshare flights can take SIA flights to the two UK cities and back. The codeshare agreement currently applies
          58 words
        • Article
          Aztech ships new standard modems
          37 8 [SINGAPORE] Personal computer supplier Aztech Systems has begun shipping its V.90-compliant modems. The new standard modems, it said on Thursday, will support broader-based operability and guarantee uninterrupted 56Kbps connections to the Internet.
          37 words
        • Article
          Freight Links increases investments
          78 8 [SINGAPORE] Logistics company Freight Links Express Holdings has raised its investment in a subsidiary and bought out its partners in another. The company said yesterday that it had subscribed for 800,000 Freight Links Express Expologistics Pte Ltd shares of $1 each at par. It also said
          78 words
        • Article
          Lock icon JG Summit expects better profits
          96 8 AFX-Asia [MANILA] JG Summit Holdings Inc expects net profit to grow to 4.67 billion pesos (*****.2 million) this year and 5.67 billion in 1999 due to reduced debt payments. It said yesterday that it would post a net interest income of 83 million pesos this
          AFX-Asia  -  96 words
        • Article
          Lock icon Hankook Steel shares suspended
          58 8 AFP [SEOUL] Trading of Hankook Steel Co Ltd was suspended yesterday on rumours that it was on the verge of insolvency. Officials at Hankook, one of the leading steel-making firms in South Korea, were not immediately available for comment. Hankook manufactures cast-iron billet products, which are
          AFP  -  58 words
      • Article
        Lock icon Shell (M) seen going ahead with RM1b downstream projects
        262 8 Reuters [KUALA LUMPUR] Shell Malaysia Trading Sdn Bhd will go ahead and invest about one billion Malaysian ringgit (*****.3 million) in downstream projects this year despite plans by its global operations to cut spending in Asia, an industry official said yesterday.
        Reuters  -  262 words
      • Article
        Lock icon China Telecom (HK) to approve Jiangsu deal
        273 8 AFX-Asia [HONGKONG] China Telecom (Hongkong) Ltd will hold a full board meeting on April 28 to approve the acquisition of a 100 per cent stake in a cellular GSM network in Jiangsu province from parent China Telecom (Hongkong) Group Ltd, a senior company
        AFX-Asia  -  273 words
      • Article
        CP Pokphand dumped on fears of collapse
        589 8  -  Stock falls another 20% on news of possible default on floating rate notes From Quak Hiang Whai in Hongkong CONCERN over the finances and future of Hongkong-listed CP Pokphand Co Ltd mounted yesterday as investors, fearing another major corporate collapse, continued to dump
        589 words
      • Article, Illustration
        Lock icon Astra skids into red with 279b rupiah loss
        496 8 Bloomberg [JAKARTA] PT Astra International, Indonesia's largest car company, plunged into the red, losing 279 billion rupiah (5555.8 million) in 1997, as the fall in the rupiah sent costs soaring. The company's shares tumbled as much as 175 rupiah, or about 10
        Bloomberg; FILE PHOTO  -  496 words
      • Article
        Lock icon BAT relocating HK plant to M'sia
        313 8 Competitive costs, quality workforce cited as reasons AFP [KUALA LUMPUR] British tobacco giant BAT Industries pic is to relocate its Hongkong manufacturing plant to Malaysia, it was announced yesterday. Malaysian Tobacco Company Bhd (MTC) chief executive Russell Cameron said the move to Malaysia was
        AFP  -  313 words
      • Article
        Lock icon MRCB, TV3 in studio deal
        180 8 Reuters [KUALA LUMPUR] Diversified firm Malaysian Resources Corp Bhd (MRCB) and television operator Sistem Televisyen Malaysia Bhd (TV3) said they have agreed to build and operate a TV3 auditorium in Selangor state. In a statement, MRCB a major shareholder of TV3 said it is proposing
        Reuters  -  180 words
      • Article
        Lock icon Turnaround for China Everbright?
        172 8 AFX-Asia [HONGKONG] China Everbright Ltd is expected to announce on Monday, nine months to December net profit of between HK$l33 million and HKSIB2 million (5527.3 million and 5537.3 million) on turnover of between HK$5B2 million and HK$6l2 million. The company reported a net loss of HK5202.24
        AFX-Asia  -  172 words
      • Article
        UK's National Power, Malakoff sign alliance pact
        359 8  -  Deal seen leading to UK firm taking 20% of Malakoff; sources From Ruth Wong in Kuala Lumpur UK-BASED National Power pic yesterday signed a strategic alliance agreement with independent power producer Malakoff Bhd as a prelude to taking a direct stake in it.
        359 words
      • Article
        Salim's Philippine unit Q1 net profit falls 47%
        352 8  -  From Al Labita in Manila SHARE selloffs hammered a listed unit of Indonesia's Salim Group yesterday after it reported lower-than-expected earnings due to high financing costs. Metro Pacific Corp (MPC), one of the Philippine conglomerates, closed at 2.02 pesos, down a hefty
        352 words
    • SEAS Trends
      • Article, Illustration
        Lock icon Japan and the Asian economic crisis
        1181 9  -  There is a strong case for Japan to take bold initiatives to revive its economy, suggests Lee Poh Ping Lee Poh Ping Dr Lee Poh Ping was, until last year, professor in the Division of Public Administration, University of Malaya. JAPAN has been under
        REUTERS  -  1,181 words
      • Article, Illustration
        Lock icon Does new India government mean new policies?
        1148 9  -  The policies of the new BJP-led coalition government are likely to be marked more by continuity than change. By] Dipankar Banerjee Major-General Dipankar Banerjee (retired), is the Co-Director of the Institute of Peace and Conflict Studies in New Delhi, India. THE Ides of
        REUTERS  -  1,148 words
      • Article, Illustration
        Lock icon Malaysian communities united in current economic crisis
        1170 10  -  The economic downturn is unlikely to result in communal sentiments reaching danger levels, says JohnFnnston John Funston Dr John Funston is a Senior Fellow at the Institute of Southeast Asian Studies. Malaysia has a vision of a non-commu-nal future. The 2020 Vision outlined
        NST  -  1,170 words
      • Article, Illustration
        Lock icon Cities, the haze and the hazy idea of sustainable urban development
        1161 10  -  Sustainable urban development has to go hand in hand with rural development By Ooi Giok Ling Dr Ooi Giok Ling is a Senior Research Fellow at the Institute of Policy Studies. The views expressed above however, are her own
        REUTERS  -  1,161 words
      • Article, Illustration
        Reflections on Asian economic crisis
        1602 11  -  Paul y reflects on the IMFs role and the prospects for structural reforms Paul Y Hammond Professor Paul Y Hammond is Distinguished Senior Professor, Graduate School of Public and International Affairs, University of Pittsburg HOW to avoid Asia's Flu. This was the headline recently for
        1,602 words
      • Article
        Seoul-Asean trade ties: a Korean perspective
        1131 11  -  Korea-Asean trade and investment relations will be seriously affected by the finAnrifl-1 crisis By' Yongkul Won Dr Yongkul Won is a Research Fellow at the Korea Institute for International Economic Policy. SINCE last July when the Thai government gave up defending its currency against
        1,131 words
      • Article
        A coalition with a difference in India?
        1135 12  -  Kripa sridharan examines the nature of the coalition which forms the new Indian government Kripa Sridharan Dr Kripa Sridharan is a Senior Lecturer at the Department of Political Science, National University of Singapore. IN little less than two years, India has witnessed four
        1,135 words
      • Article, Illustration
        Lock icon Time for a new regime in Straits of Malacca?
        1605 12  -  Recent oil spills in the Straits of Malacca are giving impetus to consideration of new arrangements between user and coastal states By Mark J Valencia Dr Mark J Valencia is a Senior Fellow at the East-West Center, Hawaii. ON Oct 15,
        NST  -  1,605 words
      • Article
        A stable maritime regime already exists
        1454 12  -  The existing mechanisms for safety of navigation and for combatting pollution are working well for both coastal and user states By) Leonard C Sebastian Dr Leonard C. Sebastian is a Fellow of the Institute of Southeast Asian Studies. MANY countries in South-east Asia are
        1,454 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon US regulators clear Intel, Digital accord
        269 13 Bat FTC wants key chip technology to be made available to other firms AFP [WASHINGTON] The US Federal Trade Commission (FTC) on Thursday cleared the way for a major technological accord between the giant chipmaker Intel and the advanced computer manufacturer Digital. But it
        AFP  -  269 words
      • Article
        Lock icon Johnson & Johnson to spend US$2.3b on R&D this year
        291 13 Johnson Johnson to spend US$2.3b on R&D this year Bloomberg [NEW BRUNSWICK] Johnson Johnson said it will spend a record US$2.3-$2.4 billion (553.6-$3.8 billion) on research and development this year as it seeks growth from new health-care products. Johnson Johnson, maker of Band-Aids and the painkiller Tylenol, also raised its
        Bloomberg  -  291 words
      • COMPANY Briefs
        • Article
          Lock icon American Express Q1 earnings up 15%
          86 13 Bloomberg [NEW YORK] American Express Co said first-quarter earnings rose a higher-than-expected 15 per cent, as a robust economy led consumers to boost their purchases using the company's credit cards. The New York-based financial and travel services company said profit from operations rose to
          Bloomberg  -  86 words
        • Article
          Lock icon Financial services unit boosts AIG profit
          83 13 Bloomberg [NEW YORK] American International Group Inc, the biggest publicly-held insurer, said first-quarter earnings rose 13 per cent, led by gains in its financial services unit. Profits excluding gains on investment sales rose to US$B5O.B million (Ssl.3 billion), or US$l.2l a diluted share, from
          Bloomberg  -  83 words
        • Article
          Lock icon Bankers Trust's earnings up 11% in Q1
          83 13 Bloomberg [NEW YORK] Bankers Trust New York Corp said first-quarter earnings rose 11 per cent, as net income from investment banking and equity investments outpaced a decline in Asia. The bank said net income rose to US$222 million (*****.8 million), or US$2.Ol a
          Bloomberg  -  83 words
        • Article
          Lock icon P&G does better than expected
          82 13 Bloomberg [CINCINNATI] Procter Gamble Co's fiscal third-quarter profit rose a better than-expected 9.1 per cent as it raised prices for its Bounty paper towels, Charm in bathroom tissue and other popular brands. The world's largest maker of household products said net income rose to US$96l
          Bloomberg  -  82 words
        • Article
          Lock icon Nokia's Q1 net income soars 87%
          56 13 Bloomberg [HELSINKI] Nokia Oyj said first-quarter net income rose a greater-than-expected 87 per cent as it introduced new mobile phones and as demand for its networks soared. The Finnish company's profit rose to 2.002 billion markka (SssB3 million), or 2.79 markka per share, from
          Bloomberg  -  56 words
      • Article
        Lock icon Nomura posts profit as Daiwa, Nikko see losses
        354 13 Contributions from Nomura Securities' overseas nnits boost its income Bloomberg [TOKYO] Nomura Securities Co was the only one of Japan's three biggest brokerages to post group profit in the second half as strong overseas operations helped offset a scandal that hit its
        Bloomberg  -  354 words
      • Article
        Lock icon Carrefour slumps after 50% profit fall forecast
        273 13 Bloomberg [PARIS] Carrefour SA shares slumped almost 5 per cent yesterday after France's largest food retailer said it expects profit growth to halve in 1998 amid weaker economies in Asia and Brazil. The operator of giant stores in more than a dozen countries
        Bloomberg  -  273 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon BankBoston chief says it's open to merger
        168 14 Bloomberg (BOSTON) Bankßoston Corp chairman Charles Gifford said his bank would be open to merging, as so many of its peers are doing. "For Bankßoston. a combination with another institution has always been a route open to us. as it is today," Mr
        Bloomberg  -  168 words
      • Article
        Lock icon UBS and SBC likely to take more Asian loan loss charges
        287 14 Bloomberg [ZURICH] Union Bank of Switzerland and Swiss Bank Corp, whose US$33 billion (5552.1 billion) merger will create ÜBS AG, Europe's biggest bank, are "likely" to take more charges to cover loan losses in South-east Asia, ÜBS said. ÜBS
        Bloomberg  -  287 words
      • Article, Illustration
        Lock icon Greenback to slide further
        363 14 US$/mark: The US dollar saw further losses this week to touch 1.7820 by Wednesday before it corrected to 1.8020 on Thursday. It was seen trading around 1.7990 on Friday morning. Technically, there is room for US$/mark to head further south. However, a breach of the crucial
        Source: DBS Bank  -  363 words
      • Article
        Lock icon Bank of NY abused inside information, Mellon says in suit
        405 14 It seeks court injunction to block unsolicited takeover bid Bloomberg [NEW YORK} Mellon Bank Corp sought an injunction to block Bank of New York Co's U5522.5 billion (5535.7 billion) "Unsolicited takeover bid. charging that the company used inside information gained
        Bloomberg  -  405 words
      • Article
        Worldwide insured losses last year about half of 1996
        404 14  -  By Soh Tiang Keng [SINGAPORE] Insured losses worldwide came to US$6.7 billion (5510.6 billion) last year, down by about half from 1996. The drop is due to fewer catastrophes that caused exceptionally high insured losses, reports Swiss Reinsurance in its latest
        404 words
      • Article
        Lock icon Euroyen, JGBs up as tax cut fears fade
        247 14 SIMK Report Reuters [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures recovered yesterday as concerns Japan would implement permanent tax cuts faded. JGBs were sold early in the day after Finance Minister Hikaru Matsunaga said the Liberal Democratic Party's tax panel
        Reuters  -  247 words
      • Article
        Futures rise along with stocks
        166 14  -  MSCI TAIWAN FUTURES Cecilia Loh service dealer, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract rose marginally, up 0.90 points. The cash index gained 22.15 points after an early slide in technology issues. Some investors were positive that the Taiwan
        166 words
      • Article
        Lock icon Crude dips in London on weak NY prices
        261 14 ENERGY REPORT Reuters (LONDON] IPE Brent crude futures dipped to the day's low in choppy trade yesterday after Nymex slipped into the red shortly after opening. June Brent was seven cents down at U5513.91 a barrel by 1449 GMT after recovering from
        Reuters  -  261 words
      • Article
        Lock icon CURRENCY REPORT
        272 14 Reuters, AFX-Asia London THE dollar ended a hectic session firmer against the yen yesterday despite Japan's approval of an economic package. The yen responded cautiously to the package and then lost ground against the dollar and mark in late European trade after Eisuke Sakakibara, Japan's Vice-Finance Minister for
        Reuters,; AFX-Asia  -  272 words
      • Article, Illustration
        Untitled
        1250 14 nrrmtBAWK cross bates Aprzi AS C$ twb ECU Ffr Pw HK$ hid ts Huptah Yw Won 8M HZS Pafc Its Peso S$ Rand Sfr HT$ 9m Pound JtS$ Australia 0.935 6.178 0.591 3.919 1.169 5.045 25.850 51.425 0.845 8.879 2.449 1161 28.749 25.081 1.034 3.292 0.967 21.478 25.322 0.390 0.651
        1,250 words
    • Article
      COMMODITY PRICES
      1859 15 gfCOMPPTPBBS Apr 24 RUBBER (Wins dosing «s *t 5.30pm) ISS1 CONTRACTS cmtsAg) Close Volume Open Month Hhjh Low Sett (tonnes) Interest May 9B 117.75 1900 Jmi 9B lia.50 1750 J«| 98 119.50 H9.50 120.00 150 2715 AN* 98 121.25 121.25 123.00 150 1515 Sep 9B 123.00 123.00 124.75
      1,859 words
    • Article
      WORLD STOCK MARKETS
      2356 15 LONDON MvstrMs Apr 24 h«i 31 Group 586.000 -4.000 AB Ports 357.000 1.000 Abbay National 1155.000 -10.000 Anted Domacq 626.000 3.000 AfflK 173.400 uoch Asda Croup 192.400 -2.600 BAT Ind 567.000 2.000 BG Pic 304.400 -0.600 BICC 156.600 0.600 BOC Croup 963.000 -24.000 BR Patrolaum 916.000 -1.000
      2,356 words
    • Article
      Lock icon TOKYO
      1611 15 Bloomberg (3 Nikkei 225 <ma JAPANESE stocks posted their largest gain in more than two weeks after Finance Minister Hikaru Matsunaga said the government will consider permanent tax cuts as part of an economic plan to be unveiled later yesterday. "Matsunaga suggested what the market wants most," said Yosuke
      Bloomberg  -  1,611 words
    • Article, Illustration
      Lock icon HONGKONG
      1484 16 Reuters STOCKS drifted to a lower close yesterday in subdued trade at the end of a disappointing week with little good news to cheer the market in the near term. The Hang Seng Index lost 39.01 points, or 0.36 per cent, to 10,879.93 after hitting a low of 10,767.32.
      Reuters  -  1,484 words
    • Article, Illustration
      Lock icon CHINA
      590 16 Reuters n Shenzhen B Index -f1144 CHINA'S hard currency B shares ended lower yesterday on selling inspired by disappointing profits from B share Firms, analysts said. The failure of any market-boost-ing measures to emerge also convinced investors to pull funds out of B shares, they said. "Most of the
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  590 words
    • Article
      Lock icon TAIPEI
      353 16 AFP PwPMa ♦aiis THE Taiwan stock market moved up 0.3 per cent yesterday on selective buying, dealers said. "Big players engaged in speculative buying of property issues, and fund mangers bought technology shares at lows," said Clement Lou of Taiwan International Securities Corp. The market was expected to stand
      AFP  -  353 words
    • Article, Illustration
      Lock icon JAKARTA
      650 16 AFP QOmpHßtebia -L3B SHARES fell 0.3 per cent yesterday following the release of poor results posted by companies including leading car maker PT Astra International, dealers said. "Today they saw it (Astra's financial results) and they dumped the stock," an institutional sales representative with a Singapore-based brokerage said. The
      AFP  -  650 words
    • Article, Illustration
      Lock icon BANGKOK
      785 16 AFP QSETbiez -I*2 THAI stocks ended yesterday a marginal 0.6 per cent weaker on jitters over the troubled banking sector and tight liquidity in the economy. Analysts said the market's weakness was surprising given optimism over the placement of 400 million shares by the country's largest commercial bank, Bangkok
      AFP  -  785 words
    • Article
      Lock icon SEOUL
      405 16 AFP nOnoattMn -LIB SHARE prices closed slightly lower yesterday on the Korea Stock Exchange as news the government would lift limits on foreign shareholding by June failed to boost market sentiment, dealers said. The market was upbeat on reports that foreigners will be permitted to hold stakes of up
      AFP  -  405 words
    • Article
      Lock icon MANILA
      283 16 AFP Q Manila -10.42 SHARE prices fell 0.5 per cent yesterday as investors led by foreign fund managers locked in profits before the coming May 11 elections, analysts said. The Philippine Stock Exchange Composite Index dropped 10.42 points to close at 2,153.91 points. Turnover rose to 1.57 billion shares
      AFP  -  283 words
    • Article
      SYDNEY
      580 16 PADOriiiarieg -22J AUSTRALIAN share prices fell 0.8 per cent yesterday, led by a weak banking sector, brokers said. The All Ordinaries Index closed 22.9 points lower at 2,854.9. National turnover totalled 632.7 million shares worth A 52.2 billion with falling stocks outnumbering advances 594 to 495. The All Industrials
      580 words
    • Article
      Lock icon WELLINGTON
      249 16 AFP n Wellington +BJJB NEW ZEALAND shares gained 0.4 per cent yesterday. The NZSE-40 Capital Index ended up 8.38 points at 2,322.83. Falls outnumbered rises 48 to 37. Telecom head shares accounted for NZ542.12 million worth of total market turnover of NZ5122.32 million. **r24 US *t rOW ANZ Banking
      AFP  -  249 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8808 17 INDUSTRIALS Consumer products 1998 Last Vol Day Nat Cap High Law Company Sala OOO High Law P/t Smll 3)0 180 Ajinomoto 245 13.5 99.3 148 73 Anqkasa 83 I 99 83 75 1.9 122.4 290 123 Apollo Food Hlq 162 -3 11 166 161 4.7 64.8 388 190 Berjaya Land
        8,808 words
      • Article, Illustration
        Lock icon Shares up again on RHB news
        404 17 AFP Composite Index +(LB7 MALAYSIAN shares ended 1.1 per cent higher yesterday, boosted by the conclusion of RHB Bank's financing package to buy troubled Sime Bank Bhd, dealers said. But falls on second board stocks continued largely on concerns over companies' financial standing, they
        AFP  -  404 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3717 18 BONOS, LOANS ft WARRANTS wt 1998 Last Vol Oay Last Ouota Avg H*h Low Stno Company Sata COOO) High Low Suyar Saltor Prtca 23.5 9 m ~3000 tiTamOB C5.5H*****6 13 t2.5 13.5 20.5 S 3160 -Acof ******1USS 13 12 13 95 8.5 3164 Acma ******4 21 21.5 24 22 3161
        3,717 words
      • Article
        Teledata shares may be a better bet
        212 18  -  WARRANT WATCH By. R Sivanithy EVERY once in a while, it's worth remembering that warrants are only as good as their underlying shares. A warrant may have the best numbers but if the outlook for the shares is bad, then it would be
        212 words
    • Article
      CLOB INTERNATIONAL
      2378 18 Transaction date Apr 24 MALAYSIAN STOCKS Or Cr 1998 Last Vol Day Last Quota Dtv Dtv YW Nat M Cap Mtqh Low Stno Company Sala COOO) Wgh Low Buyor SaHar C'vr P/I imU ~13i 28 m$ 5000 AISBSOc 68.S lii 70 ii 6ai 69 i!o 3J 13 28
      2,378 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6663 19 Transaction date: Apr 24 Cr Cf M Wt 1996 Last Vol Doy iMt Ouott W* Wv YM Not Cop Hlqh Low St No Compony Solo COOP) Ml*h s#M#f Cvf H p/t Smll Prko INDUSTRIALS 43 18.5 t 1020 ACE 0ynanwcs60c... 27 -1 7 27
      6,663 words
    • Article
      SESDAQ
      1231 19 Gr Cr M Wt 1998 Lm1 Vol Day Lo»t OuoU Mv Oh VM MM Co# Avg t— «tw Ciw>»«Y »H rooot nmi L— Buyc um* C»r >/K Wo 134 92 0 2000 A8RMIdg»5c 104 unch 1 104 104 101 105 507 103 243 76 2049 AS Auto K)c 163
      1,231 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        231 20 Stocks Vehiim SingTel 15c 8.745,000 Easyknit HKIOc 6.388.000 ST Capital R 5.442,000 •Rekapacific Bh 4,147,000 HK Land USIOc 3.426.000 ST Engg 10c 3,316,000 •MBf Capital 3,126,000 •Uniphoenix 2,759,000 •Renong Bhd 50c 2,653,000 Wing Tat 25c 2,455,000 Stocks SingTel 15c 22,001,603 SPH 21,322,102 UOB Foreign 16,706,697 SIA Foreign 14,195,007 DBS Foreign
        231 words
      • Article, Illustration
        HOT STOCK
        63 20  -  -by' Shiv Taneja UOB Foreign closed 15 cents higher yesterday at $7.15 on a volume of 2.36 million shares, compared with its 10-day traded average of 1.86 million shares. In the near term, the stock is likely to see some upward movement, but this is expected to be
        63 words
      • Article, Illustration
        Market falls back into rut after a light rally
        679 20  -  STOCK MARKET COMMENTARY STII dips 4.58 points largely due to weakness in SPH, Keppel; meanwhile, dealers lament the dwindling volumes By R Sivanithy [SINGAPORE] The stock market showed some promise yesterday with a light rally, but there was no follow through,
        679 words
      • ON THE GRAPEVINE
        • Article
          Every letter counts
          73 20 WE were more than a trifle surprised to receive a letter recently from the Singapore Productivity and Standards Board objecting to the use of the ampersand —in its name. The word "and" should be spelled out, we were told. Lest others get the same idea, we'd like
          73 words
        • Article
          Fantastic company
          88 20 IF there's any company living up to its name, it must be the Fantastic Corporation. It has a great product and also it has done a fantastic job of selling itself. The company, the world's leading provider of broadband multimedia software technology, has just successflilly done a US$l7
          88 words
        • Article
          What bull
          77 20 WE'VE heard of private washrooms being touted as a perk, but a job advertisement recently listed quite an unusual item as its top benefit. Harvest Realty said it was looking for male and female brokers, who would be provided with "a bullish 3,000 sq ft modern office". When
          77 words
        • Article
          Pioneering effort
          94 20 LOOKS like fund managers will try anything these days to get investors' attention. A while ago, Templeton Asset Management came out with a booklet of investment maxims from its celebrated investment guru John Templeton. More recently, Aberdeen Asset Management Asia put out a handbook of investment terms. Yesterday,
          94 words
        • Article
          Bidding for air tickets
          125 20 FROM houses to certificates of entitlement for cars to shares, Singaporeans are getting used to bidding for them. Now America's Northwest Airlines is introducing an auction through the Internet for tickets to five destinations Seattle, New York, Honolulu, San Francisco and Tokyo. Bidding will be accepted
          125 words
        • Article
          Top of the forex heap
          115 20 HSBC has finally pipped Citibank to the top of the interbank currency league, according to a survey published in this month's Asia Money. And this interbank currency capability was for both Asian as well as non-Asian interbank currency quotes. Bank of America came in second
          115 words
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      Page 7 Advertisements Column 1
      208 7 I A World CLim I I Sourcing Event I I ASIAN INTERNATIONAL I I OIFTfairIT I The 9tti Asian International Trade Showcase for Consumer Products I ASAN NIERNAIKNAL ASIAN NTEINATKWAL I I Handicraft far« stationery fair* I The sth Asian International Trade Showcase The sth Asian International Trade Showcase for
      208 words
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      117 9 T*" MASTER OF ARTS IN ASIA PACIFIC STUDIES You are invited to a course preview this Wed 29 Apr at 7.30pm. To confirm, please call 338 6778. UNIVERSITY OF LEEDS leads 7th in research power of the UK's 191 universities Thr Department of East Asian Studies at Leeds was established
      117 words
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      243 10 Trends A monflily pubttrallon o( the Insdmie of Suutlu-arf Vhlmi Studies The Editor-in-chief ChiaSiow Yue Editor Daljit Singh Associate Editors Leonard C. Sebastian Assistant Editor Ronald Kow Business Manager Leonard C. Sebastian International Advisory Committee Jose V. Abueva (Philippines) Chan Heng Chee (Singapore) Stephen FitzGerald (Australia) Han Sung-Joo (Korea) Tommy
      243 words
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      383 11 isU THE PHILIPPINE ECONOMY An Emerging Asian Tiger Jesus P Estanislao A critical analysis of the Philippines' economic policy reforms that have been oriented towards an open market system, and an overview of the next phases of reform that will take the nation into the next millennium. 1997 36 pages
      383 words
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      356 13 <te KATANA GOLF Control. Power. Distance. Accuracy. Anywhere. For Anyone. The Katana KG 901 Tungsten Titanium Irons Designed with the same core design benefits of the successful KG 801 forged cavity irons, Katana has produced its most forgiving clubs ever, featuring: Tungsten Two uniquely placed tungsten inserts at both heel
      356 words
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      72 18 f cafong abait\ 5ee...1 told\ f The card we're\ the computer I Y ou t^l s was a J I making for Susan j I advertised in )/^l /Y up, we got what V is going to be J VThe Straits Times/ f. we wanted because \real nicel^^r offerecfin'the Ce
      72 words
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      Page 20 Advertisements Column 1
      1078 20 BUSINESS Notices To advertise call toll-free 1800-741 1883 NOTICE IS HEREBY GIVEN that, I Kor Soon Heng of Blk 307 Ang Mo Kio Avenue 1 #07-1199 S'pore *****7 have applied for a Beer House Ist Class Licence in respect of M/s Fu Xiang Garden Restaurant located at 16 Clementi Road
      1,078 words
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      Page 20 Advertisements Column 2
      154 20 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF DELIONG SHIPPING PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap 50, that a Final Meeting of the members of the abovenamed Company will be held at
      154 words
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      Page 20 Advertisements Column 3
      500 20 IN THE MATTER OK THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BETALAND FERAS COMPANY PTE LTD (In VWmfccrs Voluntary l iquidation) NOTICE OF SPECI AL AND ORDINARY RESOLITION i Pursuant to Section 290(2Mb)) At an Extraordinary General Meeting of the Company held on 15th April 1998 at
      500 words
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      Page 20 Advertisements Column 4
      521 20 ST CAPITAL LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT RENOUNCE ABLE RIGHTS ISSUE OF 143,485,001 NEW ORDINARY SHARES OF 550.25 EACH ("RIGHTS SHARES") IN THE CAPITAL OF ST CAPITAL LIMITED (THE "COMPANY") AT 550.40 PER RIGHTS SHARE PAYABLE IN FULL ON ACCEPTANCE OR APPLICATION ON THE BASIS OF ONE
      521 words
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      123 20 NOTICE Of HNAL MEETING THE COMMNKS ACT, CAP. SO ASSUNTA NATURE HEALTH ALTERNATIVE-O-COMPVEMENTARY THERAPIES TO LTD (In Voluntary liquidation) NOTICE IS KKtSY GNtN piquant 10 Strtcfl 3<* of Comparws Act Cap 50. that a foal mwting at if* membert of atewerumed company wi be held it 101 UpperCujß Street Sfirare
      123 words
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      196 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LI SHENG MARKETING SERVICES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant lo Section .<OB (I) of ihe Companies Act. Cap 50. lhal a Final General Meeting of the above
      196 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon More than just a Med rice paradise
      1927 21  -  Singapore is well known for its inexpensive, tasty hawker food, but has yet to make its mark abroad as a place for innovative fine dining. Do we have what it takes to create a uniquely Singaporean cuisine? jaime ee gets some answers COVER
      PHOTOS BY CHRIS LOH  -  1,927 words
    • STRAWS In The Wind
      • Article
        Below decks
        34 21 TITANIC, the movie, swept into Singapore on a huge wave of hype. Just when it looked safe to go back to the movies, along comes one called The Chambermaid And The Titanic.
        34 words
      • Article
        Parking hazard
        70 21 A RECENT circular to Sentosa Golf Club members had this warning: "Please be advised that peacocks are allowed to roam freely in the vicinity (of the Sentosa Development Corp carpark) and these peacocks have the hab- it of pecking at shining objects. While precautions have been taken to
        70 words
      • Article
        Happy as clams
        67 21 AMERICA fell in love with Prozac when the new-style anti-depressant was touted to not just cure the blues but make a totally new person out of you. The downside was that it dampened the libido. Well, not for clams. Researchers found that tiny amounts of Prozac gave
        67 words
      • Article
        Sound advertising
        53 21 SPEAKING of brief pleasures, here's an ad for a hi-fi speaker: The top picture shows a green-ribbed condom with the caption "Two minutes of pleasure". Next comes a picture of prime ribs and "20 minutes of pleasure". The last picture features the speaker cone and a caption that
        53 words
    • MIND & BODY
      • Article, Illustration
        Lock icon Down but no longer out
        1238 22  -  A growing number of doctors in the US are challenging the assumption that mental-health care is wasted on the old, and are treating depression in patients who are well over the age of 50. madike has the details NADINE BROZAN NYT IN 1905. when Sigmund
        NYT; FILE PHOTO  -  1,238 words
      • Article, Illustration
        Lock icon Shattering some myths about old age
        1134 22 BOOK REVIEW Successful Aging By John W Rowe and Robert LKahn Pantheon, 1998 $39.99 (hardback) NYT Reinewed by Jane E Brody ONCE in a great while an outstanding health book comes along that should be featured on radio, television and every major newspaper. Yet
        NYT  -  1,134 words
    • DESIGN
      • Article, Illustration
        Lock icon A five-star hole in the ground
        1428 23  -  'Come up with something new," said HPL's Ong Beng Seng to architect John Heah. So for the new Four Seasons resort in Sayan, Bali, Heah decided to build downwards, with the idea of merging the hotel into the landscape. He talks to Jaime be
        ARTHUR LEE  -  1,428 words
      • Article, Illustration
        Angels in the garden and an elusive red lady
        696 23  -  GARDENING A tale of how two Datura plants took a motoring trip in the UK. And how one adapted to life in Singapore and the other didn't By' Thien "YOU've a jungle here, luv!" the Customs officer at Heathrow Airport quips,
        696 words
    • Article, Illustration
      A young woman of substance
      601 24  -  CINEMA Jennifer Jason Leigh shows her mettle as the guileless, awkward but resilient heroine of Washington Square By\ Susan Tsang WASHINGTON Square is the third film adaptation of a Henry James novel, and as with The Wings Of The Dove, the film makers have turned
      601 words
    • Article, Illustration
      Crippled by political correctness
      608 24  -  CINEMA Sam Gerard, relentless pursuer of Harrison Ford's hapless Dr Richard Kimble in The Fugitive, seems a little less sore-footed in US Marshals By I Susan Tsang THE fugitive chaser is back, but he seems to be running out of gas in US Marshals. Tommy Lee
      608 words
    • Article
      Lock icon In search of the real Woody Allen
      662 25  -  DOCUMENTARY Wild Man Bines, which follows Allen on his 1996 European concert tour, is a revealing portrait of the neurotic New Yorker By, Joshua Mooney jVVT WHY would a man as notoriously private as Woody Allen agree to be the subject of a
      jVVT  -  662 words
    • Article, Illustration
      WHAT'S OH
      397 25  -  Compiled by M Yasotha MUSIC Singapore Symphony Orchestra Israeli violinist Hagai Shaham will be the guest soloist in Prokofiev's Violin Concerto No 1 in D, Op 19. Also on the programme are Glinka's Russian Ludmilla: Overture and Brahms' Symphony No 1 in C minor. Op 68. Okko Kamu
      397 words
    • EPICURE
      • Article, Illustration
        Lock icon Artistic combinations
        699 26  -  Expect more than just plain old F&B when you dine at Gaetano. The restaurant also includes a wine bar and an art gallery, while music is never far away, taxsuyhk checks out the scene TAN SU YEN Riviera cuisine— how's that for anew addition to the Singapore food
        PHOTOS BY ARTHUR LEE  -  699 words
      • Article, Illustration
        A taste of world cuisine at Frangipani and India Jones
        558 26  -  BOMBAY RESTAURANTS Oberoi Towers' new outlets are expected to revolutionise the city's dining scene By Harish Mehta THE entertainment scene in Bombay is changing a lot faster than it takes the stiff grillroom crowd to wriggle out of their Raj-style
        558 words
      • Article, Illustration
        Lightening up in the Kandahar kitchen
        302 26  -  By\ Harish Mehta THE Chinese wok appears to have edged out the Indian kadai. Kandahar, the frontier food restaurant at the Oberoi hotel in New Delhi, has adopted the wok in place of the Indian kadai (deep frying pan), and it's still an Indian
        302 words
      • Article, Illustration
        Lock icon Succeeding without following the rules in Tuscany
        624 26  -  WINE First there were Chiantis. Then came the Super-Tuscan*. What's next on the horizon? By Frank J Prial NYT FOR ALMOST a thousand years, some of Italy's finest wines have come from the Chianti region of Tuscany. Has that satisfied the Tuscans? No.
        NYT  -  624 words
    • Article, Illustration
      CINEMA
      763 27 A Kid In Aladdin's Court. A modern kid goes back in time. Sequel to the King Arthur's court adventure. Lido, Century, Changi, Jurong, Choa Chu Kang. Amistad. True story of Africans who revolt, then fight for their rights in court. R(A). Beach Rd, Riverside, Orchard. An American Werewolf In
      763 words
    • Article
      ENQUIRIES AND BOOKINGS
      127 27 Cathay Org Cathay 3:18-3400 Kast shore 346-1816 Orchard 236-8386 Pictu rehouse 338-3100 Yangtze 223- 7'>2o BngWah Kmpress 777-5867 Jubilee 154-1610 Mandarin 202-9401 Marina 3:iB-9710 Whitesands 585-1782 OoldmVUlaca Bedok 143-2405 Bishan 353-8885 Boon Lay 792-2788 Broadway 454-9394 Majestic 533-9032 Marina 337-9488 Pavilion 786-5788 TampinesB 786-5788 Tiong Bahru 271-6588
      127 words
    • TRAVEL
      • Article, Illustration
        Showtime in Wellington
        942 28  -  The city takes on a certain party atmosphere with the New Zealand International Festival of the Arts, a biennial affair spread over various venues in town, tan stj ten reports TAN SU YEN March is an especially good time to visit Wellington. Summer is ending and the
        942 words
      • Article, Illustration
        A picture perfect rural setting
        395 28  -  That's Wairarapa, the least visited region of New Zealand By' Tan Su Yen WELLINGTON'S ultimate playground must be the unspoilt Wairarapa region, just under an hour's train ride from the capital city. Wairarapa, which according to tourism statistics is the least visited region of New
        395 words
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      10 21 Hi Jk. anc the Four Seasons Resort, Bali mm i
      10 words
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      125 21 Travel Festive fare in Wellington EL 8 'SI 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
      125 words
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  • Page 24 Advertisements
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      100 24 Showing at Shaw cinemas. Rated PG. and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or
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      13 24 4 A MORE J DIGESTIBLE I READ. To subscribe, call 1800 840 8988
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      458 25 Where to wine, dine and entertain... "t (Q> flssa- :jl|| i An All-You-Can-tat.. cporrl<Toe pinner Help yourself to mor&ihan 30 sumptuous dishes... to Friday to Sunday 6:3opm to 10 pm ADULT CHILD $14 Baf+ I $9 80++ 1 »v *Pnce subject to IVk service cktrje, prevailing ceu All GST. caidnhiilMhotel
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      Page 25 Advertisements Column 2
      51 25 V*v°* T at Triple 3, < The Buffet Restaurant LsJ 12H£§>ap*IL Reservations s 831-6271/2, 831-6288 (3 6pm) OflkMrfAMne Co-a*»MMf OMcltf Owfgr Cwd y. MM H i,i pTO* SI »i. i ....1.. §y!s .iivi .tfamiann m Singapore mm am 333. Octwd Road Singapore *****7 Tel 737 4411 Dine for Free in
      51 words
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  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      693 27 RECOMMENDED VIEWING \A/Tlf*ro ic m\7 mid-1800s.SeanConnery, V V IIU1It? Ifc lIIy Donald Sutherland and daughter? Lesley-Anne Down star in this 1979 movie, directed Out Of Nowhere, spm, by Michael Crichton. Ch 5 An amnesiac has to regain Trans-Siberian Train her memory to clear Journey, 7pm, herself of a crime. She
      693 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      1485 27 TODAY'S TV Premiere 12 ;g—tFIV **"'lf 12.30 AM Saturday Chinese Mm. Ashes 12.00 NN TV Innovations. 2 .10 Chinese Top 20 Count LOO PM Soccer: The Cup 4.00 TV 2.00 Basketball: NBA Jam «.00 See Sunday's Schedules. 2.30 Sportscenter. PrlflM 12 3.00 Antarctica I f| K Hjfl 8.00 AM TV
      1,485 words
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