The Business Times, 23 May 1998

Microfilm: NL21187
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, MAY 23-24, 1998
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  • Article
    MARKET SUMMARY
    63 1 □sni 1313*7 (-5.98) 11™ LJSMJ (+2.88) □STOMP *****4 (-10.59) MtTOOHP UffMO (+3.84) STOCK MAHET DI1HCEB Friday Change KLSEOOMP 677.23 I6J9 NIKKEI *****.66 -43.60 HANG SENG 9,566.98 ***** SET INDEX mw -0.09 JAKARTA OOMP ***** +11.13 MANILA COMP _2.***** 9.36 TAIPEI WPI 8,384.91 +1559 SEOUL OOMP ***** -S.63 CIiSA
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  • Article
    FINANCE
    79 1 FOBEX KATES uss ss US« 1.640 £(US$AS per S) 1631 1674 DM 1.761 0.931 YEN 136.0 1106* MS 3.790 0.433 HKS 7.749 0112 BAHT 39,30 0.042 RUPIAH 10,860 0.016* St to 100 units FUME BATES SINGAPORE* 7.83 KlIALA LUMPUR 1150 JAKARTA .28.00 BANGKOK 14.75 MANILA 12.90 HONG KONG 16.25
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  • Article, Illustration
    Lock icon Habibie's economic team faces huge task
    1305 1  -  Analysts see Wiranto's retention of Abri and defence posts as reassuring Froml S N Vasuki in Jakarta THE 36-member cabinet unveiled yesterday by President B J Habibie faces the monumental task of resuscitating the economy in double-quick time, a challenge that will make or
    AFP  -  1,305 words
  • Article, Illustration
    Lock icon Suharto's son-in-law ousted from Kostrad: report
    324 1 Bridge News, Reuters Reuters [JAKARTA] Lieutenant-Gen-eral Prabowo Subianto, son-in-law of former President Suharto, has been dismissed from his position as commander of the Indonesian armed forces' Army Strategic Reserve Command (Kostrad), Japan's Kyodo news agency reported yesterday. Gen Prabowo apparently was forced to take
    Bridge News, Reuters; Reuters  -  324 words
  • Article
    Indonesian economy reels amid political drama
    915 1  -  By Vikram Khanna [SINGAPORE] As Indonesia's political kaleidoscope turns, its economy lies bleeding. A deep recession that could last years is possible, but the scenario is not without glimmers of hope. The new president, B J Habibie, and his team whether interim or not
    915 words
  • Article
    Job losses expected to double to 20,000 this year: Boon Heng
    339 1  -  Another 7,ooojobs likely to be lost this quarter: NTUC chief By Kan Yi Kang [SINGAPORE] With the effects of the regional currency turmoil expected to "really bite" in the second half, job losses this year will top 20,000, double
    339 words
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      196 1 Drape Sing Tel pnfit op 12% Thanks to its strong firsthalf results, Sing Tel has emerged unscathed so far from the regional economic crisis. For the year ended March 31, it still managed a 12% jump in net earnings to $1.89b, P*B T» the rescue Temasek Holding has come to
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      267 1 More Indonesian reports Venture capitalists seek out distressed assets, Pi S A private rupiah clearing mechanism, Pg 2 Commentary: Should tanks rule south Jakarta? Pg 3 Timeless values. VA 4 i\ /HWv Geneva enamel. Sk Duplex escapement movement 10* '®«ry o/ London. These two exquisite watches, vi The Rolex Dav-Date
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  • INDONESIA IN TRANSITION
    • Article
      Indon outlook still extremely uncertain, say analysts
      598 2  -  Economic situation seen as 'dreadful' despite return of some calm ByYt By Ven Sreenivasan and Wong Wei Kong [SINGAPORE] While the financial markets cautiously welcomed the new Indonesian cabinet installed yesterday, analysts said several key conditions have to be met if investor confidence
      598 words
    • Article
      Lock icon Nomura sees Indon economy contracting 10%
      228 2 Bloomberg [SINGAPORE] Nomura Securities Singapore Ltd has slashed its forecast for Indonesia's economic contraction this year to 10 per cent, from 5 per cent. "The flight of the ethnic Chinese Indonesians and their capital is the most damaging to the economy," Fong Cheng Hong,
      Bloomberg  -  228 words
    • Article
      Venture capitalists on the prowl
      679 2  -  They are hoping to pick up bargains amid the tnrmoil By Shoeb Kagda [SINGAPORE] As images of rioting and looting on the streets of Jakarta filled television screens around the world, one man sitting in an office in Shenton Way saw a new wave of
      679 words
    • Article, Illustration
      Lock icon Homeward bound
      138 2 [SINGAPORE] Prospective passengers yesterday waiting outside Singapore Airlines' ticketing office at Mandarin Hotel along Orchard Road. SlA's ticketing offices were jam-packed yesterday with people trying to get seats on flights back to Jakarta this weekend and others trying to reroute their journeys to avoid the troubled capital. "I'm
      ARTHUR LEE  -  138 words
    • Article
      What they say
      118 2 'A lot of prominent people and economists regard the cabinet as temporary. People are concerned about Habibie and asking what is his strategy, what are his plans for elections.' Tarlq Khan, managing director, PT Vickers Ballas Tamara in Jakarta 7 think the biggest concern is how the
      118 words
    • Article
      Lock icon Troops act to prevent clashes in parliament
      197 2 AFP [JAKARTA] About 100 army troops moved into Jakarta's parliament complex yesterday to prevent clashes between supporters of Indonesia's new President BJ Habibie and students campaigning to oust him. The armed troops walked between the two opposing groups mid-afternoon, after heated shoving matches
      AFP  -  197 words
    • Article
      Dr Habibie, please
      247 2 With the end of the Suharto era, nobody knows what the next few months will bring in Indonesia. Vikram Khanna, BTs Regional Economics Editor, lists 10 questions that people are asking. IHas the Suharto era really ended? Or will he continue to wield influence behind the scenes?
      247 words
    • Article
      Banks in S'pore call for rupiah clearing set-up
      396 2  -  Call comes after BI halted trading amid last week's riots Byi Conrad Raj [SINGAPORE] Following Bank Indonesia's suspension of trading at the height of Indonesia's political crisis last week, a number of foreign and local banks in Singapore are seeking to set
      396 words
    • Article, Illustration
      Lock icon Tanks still rule in south Jakarta
      677 3  -  COMMENTARY Investors may not welcome sncb a solid show of military might By S N Vasuki FOR as long as south Jakarta continues to be protected like a fortress, it will not be business as usual in the Indonesian capital. There is something about
      REUTERS  -  677 words
    • Article
      All the president's men
      357 3 Profiles of some key Indonesian cabinet ministers ♦BAMBANG Subi&nto, Finance Minister: Formerly a bureaucrat at the finance ministry. Became unpopular in the business and banking community apparently for being inflexible in implementing the harsh IMF programme. Briefly named head of the Indonesian Bank Restructuring Agency early
      357 words
    • Article
      Lock icon Give new govt a chance to rescue country: Wiranto
      469 3 He urges Habibie opponents to end their protests AFP Reuters [JAKARTA] Powerful Indonesian Defence Minister General Wiranto yesterday urged opponents of the new government to give it a chance to rescue the country from its political and economic crises. Gen Wiranto
      AFP; Reuters  -  469 words
    • Article
      Taking charge
      46 3 Indonesian cabinet fine^up art lecurity affairs »wfrng(unch) Economy, finance and devt OMrKMHaamM• supervwon; v (wichTyfrk and ptania6or»pB~* "IPI™ m R&D head at cooperalta* > v J£ liiaiiii j^iyly^i(>ji»iM Pubic wort®: .;> J ~&hmm0Bmi+t0m''-\;. Xf't %< f. -ff j,"y> >ilU>H»(unoh) ..Sfr*i: RB»giousaflairEt» r lj| Manpower former sfcjdertf acflvfet)
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    • Article
      What they say
      193 3 'You can change the driver, but without the machine, without the fuel to run the car, it's just not going to move.' Fong Cheng Hong, Nomura's senior vioe-presklent and head of Asian fixed income research 7 felt nothing when I heard. It's not going to change my
      193 words
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      23 3 Locate its owner through Classification 821 (Found). Simply call C JLT.S. at 1800-737-1166 for this free service. Another I Classified I cats Service
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      25 3 WESSMk THE WORLD S LEADIIMG OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS BAHAMAS JERSEY BRITISH VIRGIN ISLANDS MAURITIUS CAYMAN ISLANDS SEYCHfLLES IRELAND WESTERN SAMOA www.ocra.com 1/1
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      Page 3 Advertisements Column 3
      37 3 20,000 Hotels at best buy rates!^^^^ Europe j Worldwide when you re looking for hotels and super prices For companies direct access to the worldwide hotel computer HOTEL RESERVATION SERVICE Fax 49 221/2077 666 e-mail: officer hrs.de
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        506 4 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, Kim Eng, Merrill Lynch, Santander Investments. Cycle and Carriage ♦(Hold) Indosuez WI Carr, May 21, $5.70 Despite the recent share price correction,
        506 words
      • Article, Illustration
        ln My Opinion
        435 4  -  P K Basu Co-head, Asian Economics Credit Suisse First Boston THE end of the Suharto era (and the beginning of the Wiranto/Habibie period) does not spell an immediate end to volatility, but does help lift the darkest cloud of uncertainty hovering over Asian markets. What it reveals
        435 words
    • Article, Illustration
      Lock icon Back to basics in property
      831 4  -  Given the weak sentiment, buyers need to be sure of their motivations, and should be prepared for the long haul By i Ong Choon Fah The writer is executive director, Corporate Advisory, Research Consultancy, at Edmund Tie Company [SINGAPORE] THE Singapore property market is facing
      Source: URA S£S. Edmund Tie & Co; Source: Debt of Services, Edmund Tie & Co  -  831 words
    • Article, Illustration
      Lock icon After-sales: the road to better gains
      727 4  -  And BTs Car Track index surges to a 6-month high as sales improve By I Christopher Tan THE government has painted a pretty clear picture of what motoring will be like in the 21st century: while car ownership costs may be lower in the
      CHRISTOPHER TAN  -  727 words
    • Article, Illustration
      Lock icon Four factors will dictate HK market's direction
      766 4  -  BYE OK THE REGION: HONGKONG Don't expect the Hang Seng to ran up as the slowdown may last for 18 months From Quak Hiang Whai in Hongkong AMID the current regional uncertainty and rapid slowdown in the Hongkong economy, it would take a
      FILE PHOTO  -  766 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Japanese expatriate community in S'pore shrinking
      424 5  -  Several thousand said to have left in recent months, ont of 30,000-strong total By. Ang Wan May SEVERAL thousand Japanese have left Singapore in recent months, with estimates going as high as 10,000, or one-third the size of the community here. The evidence is
      FILE PHOTO  -  424 words
    • Article
      Visa clarifies misconceptions
      205 5  -  LETTER TO THE EDITOR James G Murray Executive vice-president. South-east Asia Visa International Service Association I REFER to an article that appeared in the Grapevine section of The Business Times on Thursday regarding merchants refusing to honour payment cards issued by banks in Indonesia. I would like
      205 words
    • Article
      Lock icon SM Lee: Suharto's exit due to failure to keep economy ticking
      388 5 BBC gets Mr Lee's reactions on Suharto resignation The Straits Times SENIOR Minister Lee Kuan Yew said last night that it was the failure to keep the economy ticking that led to former Indonesian President Suharto's downfall. Mr Lee
      The Straits Times  -  388 words
    • Article
      No recall of overdrafts tied to properties: banks
      453 5  -  Instead local banks work ont new repayment schemes with customers By\ Siow Li Sen BANKS have not been yanking overdraft facilities tied to properties whose values have fallen, contrary to fears and talk generated by the increasing numbers of mortgagee sales. In
      453 words
    • Article
      NTUC Income's life sales down 40%
      302 5  -  By Soh Tiang Keng NEW life insurance sales at NTUC Income for the first four months this year have dropped by 40 per cent over the same period last year. This was revealed last night by chairman Ng Pock Too at the annual general
      302 words
  • Page 5 Advertisements
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      144 5 <The Ageless Wealth of KNOTS into the next Millennium> True and Symbolic Persian Central Asian Ottoman Carpets From the 15th to the 19th Centuries Talk/Seminar at Singapore Art Museum (Patrons Club) 71 Bras Basah Road Singapore. Tuesday 26th May at 6.p.m. Maurice Lidchi The Curator ad Hoc in the 1960'5,
      144 words
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      Page 5 Advertisements Column 2
      22 5 sbS®® 1 Locate its owner through Classification 821 (Found). Simply call CJLT.S. at 1800-737-1166 for this free service. t Another Classified Service
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      Page 5 Advertisements Column 3
      119 5 It's tough times like these that bring out the best. 1998 Enterprise 50 nominations are now open Companies can nominate themselves by completing the official nomination form. Companies must be home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 Revised Edition) with four years of audited statements. Nomination forms are
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  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      130 5 COTPTIC CROSSWORD 28 In bodywork, they're used extensively (5,9) n Exasperating and making it YESTERDAY'S SOLUTION DOWN worse? (11) m. i«, T mi m.jmnß.j.m 2 Shrewd costing arrangements 14 Scientists' big stool is collaps- |AMoUoMSBWM?UfeIBigI (7) ing (10) HoNQs^gH^poßmA 3 Swelling point at which a 17 Nervously tense when hung
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  • REGION
    • Article
      Fears of Chuan govt having to quit over US$18b decrees
      427 6  -  Opposition wants court to declare emergency fond-raising move unconstitutional From, Harish Mehta in Bangkok THE six-month-old Chuan Leekpai government may be forced to resign if a court rules over the weekend that its four emergency decrees to raise US$lB billion
      427 words
    • Article
      HK waterfront housing site fetches HK$l.7b
      419 6  -  Result slightly below expectations but should calm market From* Quak Hiang Whai in Hongkong A PUBLIC tender for a waterfront residential site in eastern Hongkong yesterday fetched nearly HK$l.7 billion (*****.4 million) slightly below market expectations. The government said it sold the Aldrich Bay
      419 words
    • Article
      Pudong offers new tax breaks to hi-tech investors
      371 6  -  SINGAPORE Hi-tech firms to get fall rebate of VAT, income tax By: Lu Ning SHANGHAI'S Pudong New Area, a rising financial and trade centre of China, has unveiled new tax incentives aimed at wooing more hightechnology investments. According to Pudong's science commission,
      371 words
    • Article
      Lock icon New curbs on Taiwan forex trade to help boost NT$
      276 6 TAIPEI Reuters TAIWAN'S central bank slapped a new tranche of controls on its foreign exchange trade yesterday, aiming to bolster the Taiwan dollar by curbing what it sees as unwelcome foreign speculation. Senior bank officials said the measures were disciplinary
      Reuters  -  276 words
    • Article, Illustration
      Lock icon Tung wins — by default
      624 6  - Tung wins by default LETTER PROM HONGKONG Talk about democracy wont Improve voter turnout when HE goes to the polls tomorrow amid a stormy economic outlook BiJ Loh Hui Yin EVEN the weather is not going to be conducive to Hongkong's elections tomorrow. The observatory has forecast showers and squally
      REUTERS  -  624 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      1322 6 Sfrvfe SMB UNITED LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at 9 Senoko Drive, Singapore *****7 on June 8,1998 at 9 a.m. for the following purposes: AS ORDINARY BUSINESS 1.
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  • THE WORLD
    • WORLD Watch
      • Article
        Lock icon Pound rises amid rate uncertainty
        107 7 Bloomberg [LONDON] The British pound rose to 2.8750 Deutschemarks, paring yesterday's 2.5 pfennig loss to 2.8650, after a survey showing rising retail employment stoked concern about inflation and higher interest rates. A British Retail Consortium survey showed employment in retail rose 2.4 per cent in
        Bloomberg  -  107 words
      • Article
        Lock icon Air France pilots threaten World Cup
        124 7 AFP [PARIS] Air France pilots threatened yesterday to launch a two-week strike to coincide with the start of the World Cup football tournament if a pay dispute is not settled by the end of May. Pilots have called a strike for tomorrow and Monday
        AFP  -  124 words
      • Article
        Lock icon Madame Tussand's is UK's top draw
        79 7 AFP [LONDON] Britain's waxworks museum Madame Tussaud's was the top paying tourist attraction last year, drawing 2.79 million visitors, the British Tourist Authority said. It knocked the country's most popular theme park at Alton Towers in central England off the top spot it had
        AFP  -  79 words
      • Article
        Lock icon Mrs Ton advisory board of hedge fund
        99 7 AFP [LONDON] Former British premier Margaret Thatcher has become an advisory board member of Tiger Management, a US$lB billion (5529.5 billion) Wall Street hedge fluid, her office said yesterday. "She has joined the board of Tiger investment," a spokesman in London said. There
        AFP  -  99 words
    • Article
      Lock icon Miners defy Yeltsin, resolve to keep up rail blockades
      276 7 MOSCOW Reuters ANGRY unpaid coal miners defied President Boris Yeltsin yesterday, saying his criticism of their protests blocking rail lines across Russia had simply hardened their resolve. Mr Yeltsin said in a radio address that strikes could be a useful tool
      Reuters  -  276 words
    • Article
      Lock icon Clinton insists China visit still on despite US protests
      439 7 WASHINGTON Many in Congress oppose trip dne to missile technology-for-cash allegations AFP Reuters PRESIDENT Bill Clinton insists his China visit is "absolutely" on despite protests from lawmakers over Beijing's human rights abuses and its alleged attempts to influence US policy with
      AFP; Reuters  -  439 words
    • Article
      Lock icon April US govt surplus at record US$25b
      226 7 WASHINGTON Bloomberg THE US scored a record monthly budget surplus in April riding on a robust economy and booming stock market, setting the stage for the first annual budget surplus since the late *****. The government posted a surplus of U*****.6 billion (*****.2
      Bloomberg  -  226 words
    • Article, Illustration
      Self interest in politics, business
      726 7  -  HOTROFHAV YXHW A little seUbhiiMS can bring about peace and prosperity By Kevin Sullivan OTHER people's hatreds are difficult to understand. Barbarous communal conflicts are often the backdrop for courteous hospitality towards outsiders reporters, diplomats, aid workers. Invariably, there are marvellous people as well as
      726 words
    • Article
      Lock icon Microsoft trial set for Sept
      129 7 WASHINGTON Bloomberg THE federal judge presiding over sweeping anti-trust suits filed this week against Microsoft scheduled a Sept 8 trial on the case, rejecting the company's bid for a later date. US District Judge Thomas Penfield Jackson told Microsoft lawyers the September start should give
      Bloomberg  -  129 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      544 7 IUS'.I'.fJIT&T I Keppel Telecommunications Transportation Ltd (Incorporated in the Republic of Singapore) Notice of Closure of Register of 1.5% I Unsecured Convertible Loan Stock due I 1999 ("CLS") I To All Holders of CLS ("CLS Holders") I NOTICE IS HEREBY GIVEN THAT the Register of CLS Holders of the Company
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      142 7 THE WEATHER Singapore: Fair and warm. Temperature (31/26 C) Aoi*-Pacific WHl* Good. Europe WHl* Oond. Iliulm WB* OomL Aurkland IVIB ran AjMferdan VIJ dondy Hup.** A«* Wn dondy Ate* don* dev Bnjii* IH/25 Herto 4/10 17/1* dondy Boatay 27/34 (toady Bom &12 dondy Hok**i 22/2H dandy Brunei 2&/33 rfxiwen (opndiafln
      142 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon SingTel earnings up a healthy 12% to $1.9b
      573 8  -  It warns growth will fall to single digit this year, writes off Indon investments By Teh Hooi Ling [SINGAPORE] Singapore Telecom yesterday said that thanks to a strong first half, it emerged relatively unscathed so far from the regional economic crisis: for
      CHRIS LOH  -  573 words
    • Article
      ASA Ceramic launches IPO
      258 8  -  By I Chin Jit Fong [SINGAPORE] China-based ASA Ceramic yesterday launched its US dollar initial public offer of 28 million new shares at 30 US cents each on the main board of the Stock Exchange of Singapore. About US$7.5 million (5512.3 million) in net proceeds is
      258 words
    • Article
      SingTel's remarkable results prove doomsayers wrong
      745 8  -  HOCK LOCK SIEW Catherine Ong IT WAS supposed to be the year when two things caught up with Singapore Telecommunications Ltd the launch of competition in the cellular phone market and the dramatic cuts in international call rates. Instead, Sing Tel proved the doomsayers
      745 words
    • Article
      NatSteel turns to Temasek for help
      463 8  -  Govt investment arm to pomp $100 m into Nat Steel, Brazil deal /tyi Siow Li Sen [SINGAPORE] Nine months after announcing plans for a major Brazilian investment, highly-geared Nat Steel has roped in Temasek Holdings to pump more than $100 million into the deal
      463 words
    • Article, Illustration
      DBS confirms appointment of Olds as chief executive
      338 8  -  By* Catherine Ong [SINGAPORE] DBS Bank yesterday confirmed the appointment of John Theodore Olds, a former managing director of J P Morgan Co, as deputy chairman and chief executive. In a statement, the bank said Mr Olds' appointment will take effect from
      338 words
    • COMPANIES
      • COMPANY Briefs
        • Article
          Lock icon Sale of hotels to cut borrowings: Faber
          98 9 Reuters [KUALA LUMPUR] Malaysia's Faber Group Bhd said yesterday it planned to sell its hotels primarily to reduce bank borrowings. Confirming news reports that it was planning to sell its hotels, the company said in a statement to the Kuala Lumpur Stock Exchange
          Reuters  -  98 words
        • Article
          Lock icon Maybank sells MIDF stake for RM51m
          46 9 Reuters [KUALA LUMPUR] Malayan Banking Bhd (Maybank) has sold a 7.22 per cent stake in Malaysian Industrial Development Finance Bhd (MIDF) to Amanah Raya Bhd for 51 million Malaysian ringgit (Ss22 million), the official Bernama news agency said yesterday. Reuters
          Reuters  -  46 words
        • Article
          Lock icon Petronas Dagangan's profit up 3%
          80 9 Bloomberg [KUALA LUMPUR] Petronas Dagangan Bhd, the retailing arm of Malaysia's state-oil company Petronas, said profit rose 3.1 per cent for the year ended March 31 to 170 million Malaysian ringgit (5573.3 million). That compares with the average estimate of RMI69 million forecast by 17
          Bloomberg  -  80 words
        • Article
          Shareholders approve purchase of CSN
          29 9 [SINGAPORE] ST Computer Systems Services' shareholders have approved the $8.3 million purchase of Chartered Systems Networks Pte Ltd (CSN) from Singapore Technologies Pte Ltd.
          29 words
        • Article
          CAM International director resigns
          25 9 [SINGAPORE] Hui Choon Ho has resigned as a director and audit committee member of CAM International Holdings with effect from yesterday.
          25 words
      • Article
        Lock icon Deutsche Bank shares up on talk of Chase merger
        396 9 Bnt Deutsche Bank CEO said recently it can stay independent Bloomberg Reuters [FRANKFURT] Deutsche Bank shares rose sharply yesterday on speculation that Germany's largest bank could merge with Chase Manhattan Corp of the US. Deutsche Bank declined to comment, citing a
        Bloomberg; Reuters  -  396 words
      • Article
        Lock icon Telekom to invest RM1b in Putrajaya infrastructure
        361 9 =Bernama [KUALA LUMPUR] Telekom Malaysia Bhd yesterday signed a one billion Malaysian ringgit (SS43I million) deal with Putrajaya Corporation Bhd to provide state-of-the-art telecommunications infrastructure facilities and services to Putrajaya, the new federal government administrative centre. The agreement will be spread over five
        =Bernama  -  361 words
      • Article
        S'pore developer buys 20% of Pilecon for RM92m
        566 9  -  RM2.30 a share; buyer said to find Waterfront City project attractive From. Ruth Wong in Kuala Lumpur A LITTLE-known Singaporean property developer has taken a controlling 20 per cent stake in constructionbased Pilecon Engineering for 92 million Malaysian ringgit (5539.7 million). Tan
        566 words
      • Article
        Lock icon Sime Bank offering stakes in three units for public sale
        269 9 Merchant banking, securities, insurance units open to offers -=AFP [KUALA LUMPUR] Malaysia's troubled Sime Bank Bhd said yesterday it was offering its stakes in Sime Merchant Bankers Bhd, Sime Securities Bhd and UMBC Insurans Bhd for sale to the public.
        -=AFP  -  269 words
      • Article
        Transpac reports misleading
        739 9  -  LETTER TO THE EDITOR Christopher Leong President Transpac Capital Pte Ltd ON MAY 14 and 15, The Business Times published two articles on Transpac Industrial Holdings Ltd (TIH). The May 15 report, headlined "Transpac directors appeal for more time", quoted shareholder Patrick Chia as saying that shareholders
        739 words
      • Article
        Lock icon Profit of Petronas retail arm up 3%
        202 9 Bloomberg, Bernama Bernama (KUALA LUMPUR] Petronas Dagangan Bhd, the retailing arm of Malaysia's state-oil company Petronas, said profit rose 3.1 per cent for the year ended March 31 to 170 million Malaysian ringgit (5173.3 million). That compares with the average estimate of RMI69
        Bloomberg, Bernama; Bernama  -  202 words
      • Article
        Lock icon Maybank too big to fail: rating agency
        142 9 Bernama [KUALA LUMPUR] Maybank, Malaysia's top banking group, appears poised to absorb additional problems of the Malaysian economy due to its strong cushion of capital and reserves, international rating agency Thomson Bank Watch said yesterday. "Maybank continues to enjoy better financial funda- mentals
        Bernama  -  142 words
    • FINANCE & COMMODITIES
      • Article
        Tokyo banks clear decks of bubble economy debts
        468 10  -  Tokyo-Mitsubishi among loading Hanks declaring big losses to cover write-offs From, Anthony Rowley in Tokyo BANK of Tokyo-Mitsubishi yesterday joined other leading banks in declaring big losses to finance write-offs of bad and doubtful loans. The exercise is aimed at giving these
        468 words
      • Article
        Lock icon Lincoln National buys Aetna's domestic life unit
        362 10 Deal is its second in life insorance in nnder five months Reuters [NEW YORK] Lincoln National Corp said on Thursday that it agreed to buy Aetna Inc's domestic individual life insurance business for US$l billion (Ssl.6 billion), its second acquisition in life insurance
        Reuters  -  362 words
      • Article, Illustration
        Lock icon US$ maintains soft bias against mark
        403 10 USS/m&rk: As expected, the greenback barely gained against the German mark on Monday before collapsing to a low of 1.7533 on Thursday. The unit was seen trading around the 1.7585 level yesterday morning. Medium-term bears seem to have regained their momentum given the breach
        Source: DBS Bank  -  403 words
      • Article
        Lock icon Fidelity eyes US firms that make Asian acquisitions
        255 10 Bloomberg (BOSTON) Bob Stansky, the manager of Fidelity Investments' flagship Magellan Fund, likes companies that like Asia. As corporate earnings growth slows in the US, the companies that capitalise on the Asian economic crisis stand a better chance of reporting higher profits
        Bloomberg  -  255 words
      • Article
        Lock icon BankBoston leads bid for Robertson Stephens
        116 10 Bloomberg [SAN FRANCISCO] Bankßos ton is emerging as the leading bidder for Bank America's investment bank, BancAmerica Robertson Stephens, and could pay as much as US$BOO million (Ssl.3 billion) to acquire it, people familiar with the matter said. Bankßoston and Robertson Stephens haven't reached
        Bloomberg  -  116 words
      • Article
        Lock icon Euroyen, JGBs up on hopes of rate easing
        197 10 SSXEXlieport Reuters [SINGAPORE] Simex Euroyen and Japanese government bonds (JGB) futures rose yesterday after the Bank of Japan said it's April policy board meeting saw many members saying a further credit easing could be a "consistent" move. But minutes of the April
        Reuters  -  197 words
      • Article
        Rally stops on earnings worries
        203 10  -  MSCI TAIWAN FUTOBES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract fell after two days of rally as investors are still worried about corporate earnings which are likely to continue to slide over the second quarter
        203 words
      • Article
        Lock icon Oil prices edge up but sentiment weak
        248 10 ENERGY REPORT Reuters [LONDON] World oil prices edged higher yesterday but market sentiment remained weak and plentiful supply is likely to keep a lid on any further gains, oil traders said. Brent crude futures were up four cents at U5514.02 a barrel at
        Reuters  -  248 words
      • Article
        Lock icon CURRENCY REPORT
        295 10 Reuters AFP London THE dollar and the mark found their attempts to rally against the yen hampered yesterday as wariness of intervention offset talk of a cut in Japanese rates. Yen weakness was triggered overnight after minutes of the Bank of Japan's (BOJ) April policy meeting showed many
        Reuters; AFP  -  295 words
      • Article, Illustration
        Untitled
        1232 10 mTBKBAmt CROSS EATBS May 22 A$ C$ —fc ECU Ffr Pw HKS tod is Ym Won W »«ms Mo tand Sir WT$ UM Hmd Utt Austria 0.9M 4178 0.564 3.7T8 1109 4.810 25.597 68.328 0.856 1713 2.307 1.176 27.810 24.304 1032 3102 0.924 21.166 24.749 0.386 0430 Canada 1.094 5.717
        1,232 words
    • Article
      COMMODITY PRICES
      1904 11 SICOM TOTPBES May 22 RUBBER (futurts ctoung is it 5.30pm) RSS1 cents/kg) Close VolUlM Open Month High Low Sett (tonnes) Interest Jun 98 127.00 127.00 127.50 50 650 Jill 98 129.00 128.00 129.00 100 1615 Aug 98 129.00 129.00 129.25 50 2515 Sep 98 131.00 130.00 131.00 700
      1,904 words
    • Article
      WORLD STOCK MARKETS
      2334 11 LONDON l—j.. *-i -1 IffOUSirialS Pmci 31 Croup 648.000 -2.000 A8 Ports 356.000 -2.000 Abbey National 1090.000 13.000 Allied Oomecq 622.000 -6.000 Amee 194.000 -4.000 Aida Group 186.000 2.000 BAT Ind 566.000 3.000 BG PIC 345.000 6.000 BICC 170.000 -1.000 BOC Group 977.000 -1.400 BR Petroleum 918.000
      2,334 words
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      Lock icon TOKYO
      1617 11 Bloomberg Q Nikkei 22S -43J0 JAPANESE stocks lost some ground after four days of gains, as Citizen Watch Co rose on bet-ter-than-expected earnings results while Nissan Motor Co fell on news its credit rating might be cut. "The market is rewarding companies that emerged from last year's fray unscathed,"
      Bloomberg  -  1,617 words
    • Article, Illustration
      Lock icon HONGKONG
      1519 12 Reuters i Hang Seng -114.47 STOCKS drifted to a lower close yesterday as investors sat on their hands, awaiting results from a government land tender and with little fresh news to trade on, brokers said. The Hang Seng Index shaved off 114.47 points, or 1.18 per cent, to end
      Reuters  -  1,519 words
    • Article, Illustration
      Lock icon CHINA
      621 12 Reuters n Shenzhen B Index -0.31 CHINA'S hard currency B shares closed lower yesterday on consolidation after recent volatility caused by speculation over possible government measures to stimulate sluggish trade, analysts said. "B shares are consolidating after recent gains," said an analyst at Everbright Securities in Shenzhen. "Investors are
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  621 words
    • Article
      Lock icon TAIPEI
      355 12 AFP PjWP Index TAIWAN stocks rose 0.2 per cent yesterday on selective buying following strong gains in the past four days, dealers said. The Weighted Price Index grew 15.59 points to 8,384.91, after a 1.2 -per cent rise in the previous session. "Liquidity switched to companies exporting to US
      AFP  -  355 words
    • Article
      Lock icon WELLINGTON
      254 12 AFP fl Wellington *19.75 FALLING interest rates saw the New Zealand share market close up 0.9 per cent yesterday on solid turnover of NZ$lOl.5 million. The benchmark NZSE-40 Capital Index closed up 19.75 points at 2,237.71, bolstered by falling money-market interest rates. AFP M«t 22 rww AN2 Bankmf 12
      AFP  -  254 words
    • Article, Illustration
      Lock icon BANGKOK
      810 12 AFP □set Index -<109 THAI share prices closed marginally lower in thin trade yesterday as investors remained sidelined waiting for a constitutional court ruling on key government economic reform decrees. Analysts said share prices closed off earlier lows caused by concern over opposition efforts to stall urgent liquidi-ty-boosting decrees
      AFP  -  810 words
    • Article
      Lock icon SEOUL
      420 12 AFP n Composite Intel -BJ3 SHARE prices closed 2.4 per cent lower on the Korea Stock Exchange yesterday as foreigners dumped shares of blue chips amid concerns over threatened general strikes next week. Banking shares came under heavy selling pressure on concerns over a shake-out of the banking sector
      AFP  -  420 words
    • Article
      Lock icon SYDNEY
      585 12 AFP IT3 All OrdimriM -7.6 AUSTRALIAN share prices slipped 0.3 per cent yesterday, with trading interest drastically subdued by regional instability. The All Ordinaries Index, fell 7.6 points to 2,725.9. The All Industrials Index lost 15.9 points to 4,726.7 and the All Resources Index eased 0.3 points to 1,120.8.
      AFP  -  585 words
    • Article, Illustration
      Lock icon JAKARTA
      718 12 AFP M Composite Index +2L13 SHARE prices closed 5.0 per cent higher yesterday after the resignation of Indonesia's Suharto despite a sell-down of stocks of companies owned by his family and friends. "It's difficult to explain the market," said Bakrie Securities dealer Denny Riyadi, who said people were "very
      AFP  -  718 words
    • Article
      Lock icon MANILA
      283 12 AFP n Manila -9-36 PHILIPPINE share prices fell 0.4 per cent yesterday due to profit-taking following the upturn caused by the resignation of Indonesian President Suharto the previous day, analysts said. The Philippine Stock Exchange Composite Index closed 9.36 points lower at 2,139.25 points. Turnover fell to 324.3 million
      AFP  -  283 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares tumble on profit-taking
        404 13 AFP tl Composite Index -1(139 MALAYSIA'S key stock index fell 2.8 per cent yesterday as investors locked in profits following sharp gains over the past two days, dealers said. The Composite Index closed at 577.23 points, down 16.39 points. The lesser Second Board Index fell 9.1
        AFP  -  404 words
      • Article
        Untitled
        8612 13 INDUSTRIALS CMSMMf products 1948 Last Vol Day Net Cap Wgfc Law CmWMf «al> 'OOP Htqli Law P/K Son 310 180 Ajinomoto 220 12.1 89.2 148 65 Angkasa 73 -1 10 73 72 17 107.6 290 123 Apollo Food Hlg 160 4.7 64.0 388 190 Berjaya Land 267 -7 85 274
        8,612 words
    • WARRANTS&OPTIONS
      • Article
        Johan Hldg wrt: time not on its side
        183 14  -  WARRANT WATCH -By R Sivanithy CONTINUING our theme of examining the numbers of soon-to-expire warrants, we turn our spotlight on the warrant issued by Malaysian firm Johan Holdings. Unlike the Petronas warrant, the Johan instrument is more typical in that it looks
        183 words
      • Article
        Untitled
        3487 14 BONDS, LOANS ft WARRANTS m >998 List Vol My LaatQ«*a A»t High Law Strvo Company Sal* ♦or- COOO) High Low Buyar Sattar fill* 2X5 9 m 3000 m AMDB c5.5%*****6 12.5 20.5 8 3160 *Acar ******1USS 10 95 8.5 3164 Acma W*****4 17 -1.5 2 '7 16.5 16.5 17 17
        3,487 words
    • Article
      CLOB INTERNATIONAL
      2242 14 Transaction date May 22 I Or Or 1998 Last Vol Day Laat (XMi Otv 0* YW Nat M Cap Ht» Law Stno Company M» COOP) High Law Buyar a*f C'yr P/I $m« 135 28 »«snnn AKBSrtr «l *3 i95 69 i55 60 60.5 5.0 13 U 24.4 6t5
      2,242 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6326 15 Transaction date M.iv 22 Or 6r M Wt *99* Last Vai Day Last OMti ON Mv VM MM Cap Avq t— Wl» Cs—py Mi fOOO) Lw 8wyar Mh> Cw >/l t«i Ww INDUSTRIALS 43 >6.5 K>20 ACE 0ynamics60c... 19.5 unch 102 20 19.5 19.5
      6,326 words
    • Article
      SESDAQ
      1173 15 Or fir M wt l«M Last Vat Day Last Ouata Mv Mv VM Mat Cap Av* UK Law >tWa Ciwa—y »ala *h fOOOl Law 8»yar Mw Cw P/X %mM Plica 134 82 a 2000 AMHMftSc 82 -2 I *2 *2 *1 92 40.0 84 143 76 a 2049 ASAutttlOc
      1,173 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        213 16 Stocks VdImm SingTel 15< M,984,000 •M Resources 13,994,000 *Renonf Bhd 50c 13,901,000 *RHBCipWt99 13,402,000 •Refcapacrftc Bk H,345,000 •MBfCvtJl 8,765,000 STEngglOc 8,444,000 Wing Tai 25c 4,940,000 HKlaniUSIOc, 4,703,000 •RenongWtOO 4,559,000 > DBS Foreign 38,031,888 SingTel 5c 36.788,471 City Dev 50c 28,236,044 OCBC Foreign 21,509,872 SPH 18,071.652 SIA Foreign 16,150,618 ST Engg
        213 words
      • Article, Illustration
        HOT STOCK
        59 16  -  -by\ Shiv Taneja SINGAPORE Airline's foreign tranche closed 5 cents higher yesterday at $9.50 on a volume of 1.71 million shares, compared with its 10-day traded average of 2.3 million shares. In the near term, there is more upside for the counter, but it could be quite limited,
        59 words
      • Article, Illustration
        Market drifts as unease over Indon crisis returns
        724 16  -  STOCK MARKET COMMENTARY Observers say Indon situation is still as bad as the economic fundamentals have not changed By R Sivanithy {SINGAPORE] There was no followthrough to Thursday's rally in the local stock market yesterday, as prices drifted uncertainly to a weaker
        724 words
      • ON THE GRAPEVINE
        • Article
          http//habibie
          36 16 NEWLY-APPOINTED Indonesian President B J Habibie has his own web site and loves e-mail according to the online version of Time Magazine yesterday. Unfortunately, his website http://habibie.ristek.go. id/english/english.htm—was not accessible yesterday. His e-mail is habibie@rtstek.go.id.
          36 words
        • Article
          Cheaper seats on NYSE
          208 16 DO stockbrokers know something about the New York market that we don't? Bloomberg News reports that the prices of seats on the New York Stock Exchange have been falling. A seat on the NYSE was sold for US$l.35 million (512.21 million) on Thursday, down from the
          208 words
        • Article
          Ballooning plans
          59 16 EVEN the simple balloon can go hi-tech. Then again, Unilever Singapore is attempting to break the world record of the largest balloon structure. To celebrate the new logo of its Wall's ice cream, Unilever is preparing over 54,000 balloons for the structure. For that, it needs a balloon
          59 words
        • Article
          The cookie crumbles
          92 16 THE Malaysian market's biggest loser yesterday was Hwa Tai Industries, whose shares are traded on the KLSE's Second Board. This illiquid counter hadn't traded since April 22 but suddenly collapsed a staggering 83 per cent or 78.4 Malaysian ringgit to MR16.10 yesterday, with 24 lots done. Brokers,
          92 words
        • Article
          Turmeil in the fund industry
          146 16 IT seems the regional currency storm is taking Its toll on the ftrnd management industry. The Asia-Pacific Private Equity Bulletin (APPEB) reports that in the first quarter, the number of management turnovers in the industry soared to 10, representing 43.4 per cent of last year's
          146 words
        • Article
          Back to the future
          82 16 LITTLE did we know, but we've all been Uving in the past According to a joint invite from Standard Chartered Bank, Visa, Gemplus and Sun Microsystems, the future will only start next month. On the 2nd, in fact. That's when the four companies will launch its
          82 words
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      Page 8 Advertisements Column 1
      18 8 watc? ASA Ceramic Ltd Price US$O.3O Historical PE Ratu 6.25 x Historical NTA per share 23.4U50 Industry Manufacturing
      18 words
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      Page 8 Advertisements Column 2
      297 8 Transport Logistics Industry here poised for active growth ■&.it v Singapore stands all as a tower of strength and stability despite the turmoil of the Asian currency crisis. The upside of the region's cheaper currencies has opened more avenues for export potential Export trade has surged in the region. Singapore,
      297 words
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      298 9 cJ^ychelles, a bounty of treasures 'ST/orioni the notorious I 7th century pimte is said to have hutted his treasures in Siyclielles. Described as the Gardens of I dm' and (,od s Aquarium. An archipelago of II sun-soaked islands. St'xchellcs abounds loith many treasures. Come fare to tan with the hospitable
      298 words
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      57 12 a Wow! f A buyer 1 I love this car I the very I I that I found next day. I through J N The Straits Times i f V room V Classified. J Buying or selling through vroom... 1 I what a I The Straits Times Classified is child's
      57 words
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      65 13 I^Bvi 'Jm^ have a total communicat on approach in enhanc- j fjk ing your company profile to your business associates and customers. It may be a grand rj*Xa th opening, launching ceremony, company anni- < Vf£p versary, ISO certification, ground-breaking ceremony or a topping-out ceremony It's Heng Te1:*****81 Pg 9
      65 words
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      65 15 f /See...l told\ /The card we're\ I the computer 1 Y ou tKis was a j S making for Susan 1 I advertised in J good deal./ Yup, we got what Vis going to be J VThe Straits TimesJ f {S we wanted because real nice! ch 1 —I of
      65 words
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      Page 16 Advertisements Column 1
      1641 16 Notices To advertise call toll-free 1800-*****83 FORM6SA THE COMPANIES ACT (CHAPTER 50) SECTION 29 (1) STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OT ITS LIABILITIES Nine of Company: EURASIA MEDICAL AND DENTAL HI TECH LABORATORIES PIE LTD Company No: *****3718 C The Registrar of Compnniea,
      1,641 words
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      Page 16 Advertisements Column 2
      42 16 BUY it SELL?; FIND i Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. T0 1 l >11 1800-737-1166 t#U '•<«? f«* Ititlti U**«rt«
      42 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon New jobs, new perspectives
      2572 17  -  More baby-boomers look set to make a career switch as the economic uncertainty continues, tan su ten talks to four who have already taken the plunge TAN SU YEN IT ISN'T just happening elsewhere in Asia. Here in Singapore, bank vice-presidents are turning hawkers, and finance
      CHRIS LOH  -  2,572 words
    • STRAWS In The Wind
      • Article
        Invitations to sin
        114 17 A HOTEL in Melbourne is hoping to attract more guests with its "Seven Deadly Sins" package deals. For a naughty kind of night, there's the Lust Package which, at As24o (double), comes with in-house movies, oysters, champagne, strawberries and cream, bath oil, condoms and, yes, chocolate body
        114 words
      • Article
        Home economics
        59 17 GROWN-UPS are not the only ones fretting about the current economic climate and seeking ways to cut costs. An 11-year-old girl, concerned about her family's decision to move to a bigger house, was heard instructing her younger brother: "You must switch off the lights when you leave the
        59 words
      • Article
        Off the mark
        47 17 HEARD on the radio earlier this week. DJ: "Hi! Where are you calling from?" Caller: "My car." DJ: "Ah, I hope you're using your hands-free kit." Caller: "Er, no." DJ: "How could you? Are you sure it's safe?" Caller: "Oh yes, I'm not driving."
        47 words
    • COVER STORY
      • Article, Illustration
        Lock icon Guide to doing what you love
        1248 18  -  siak jay reviews Peter Fleming's inspirational book and profiles three professionals whose career moves reflect the principles expounded by him SIAN JAY Do What Ton Love, Love What Too Do By Peter Fleming Times Books International 200 pages, $18 A BOOK with the title
        CHRIS LOH  -  1,248 words
      • Article, Illustration
        Lock icon Sustained by strong will and focus
        665 18  -  Hi-P Singapore's C T Yao tells carol bug what saved Ms company and turned it around CAROL ENG TALES of hardship and woe are the stuff of small enterprise but even so, precision plastic injection moulding company Hi-P Singapore seemed to have more than
        ARTHUR LEE  -  665 words
    • PURSUFIS
      • Article, Illustration
        Nuts and bolts of moving art
        915 19  -  Matisse, Monet Rodin the big names of modern French art can all be found at SAM's current exhibition. But what was involved in transporting this precious consignment of works to our shores? susam tsako finds out SUSAN TSANG WHEN journalists needed details about the
        915 words
      • Article, Illustration
        Modern French art in perspective
        1076 19  -  S'pore exhibition features major developments from 1880 to 1939 By I Susan Tsang EVER wondered how art moved from realistic portraits, landscapes and still lifes, with an emphasis on perspective and lighting, to bold primary colours, patches of unblended colours and abstract patterns? The Origins
        1,076 words
    • Article, Illustration
      Singapore's superhero hindered by script
      856 20  -  TELEVISION VR Man fails to exploit its full comic book potential because it is too busy taking its characters seriously By. Jaime Ee LAST SUNDAY, at 8.30pm, television viewers were finally "Virped". It was about time too, after some two weeks of incessant trailers inviting
      856 words
    • Article, Illustration
      Angelic vs earthy tales
      861 20  -  CINEMA City of Angels' supernatural love story is less satisfying compared to Woody Allen's Deconstructing Harry with its more down-to-earth elements Byt Susan Tsang CITY of Angels and Deconstructing Harry are both films that pack a large helping of fantasy. But perhaps because the former insists
      861 words
    • Article
      Puzzling affairs of the heart
      579 21  -  CINEMA Live Flesh is a lot trimmer than other Almodovar offerings but the film still evokes mixed feelings By\ Susan Tsang LIVE FLESH, Pedro Almodovar's latest film, is perhaps his most lucid to date. Added to this, the director maintains his visual flair, and gives
      579 words
    • Article, Illustration
      WHAT'S ON
      446 21  -  Compiled by M Yasotha THEATRE A Handful Of Dust Aporia Society presents this play about contemporary Singapore. It looks at issues such as inter-racial relationships, family dysfunctionality and societal responsibility. Directed and workshopped by Wong Kwang Han. May 23-24 27-29. Bpm at Studio 2, The Chinese Opera Institute
      446 words
    • EPICURE
      • Article, Illustration
        Lock icon Engineering Greek cuisine
        1006 22  -  Former lecturer Lakis Vavanellos applies the principles of chemical engineering to the way he prepares food at Olea Greek Restaurant He tells sdsax tsaho how the two disciplines are related SUSAN TSANG WHAT do chemical engineering and Greek cooking have in common? Quite a lot, according toLakis
        PHOTOS BY CHRIS LOH  -  1,006 words
      • Article, Illustration
        A pleasant foray into the exotic
        839 22  -  Olea's extensive menu leaves adventurous diners well-satisfied By I Susan Tsang DINERS who step into the Olea Greek Restaurant should prepare themselves for a bit of a culture shock. The decor is quite homely and pleasant enough, but the difference lies in the food.
        839 words
      • Article, Illustration
        Lock icon Far from the madding crowd
        791 22  -  RESTAURANT Bat&vi&'s relaxed atmosphere, rather than the Indonesian food served, is its drawing point By\ Rahita Elias THE BATAVIA Cafe and Restaurant, which serves Indonesian food, offers diners mood and ambience lots of it. But first you have to find the place. It's tucked away
        ARTHUR LEE  -  791 words
    • Article, Illustration
      CINEMA
      785 23 Amistad. True story of Africans who revolt, then Fight for their rights in court. R(A). Central. An American Werewolf In Paris. Tom Everett Scott meets Julie Delpy but doesn't realise she is howling bad news. Pavilion. Ansstasla. Animated feature about a girl who may just be the last of
      785 words
    • Article
      ENQUIRIES AND BOOKINGS
      123 23 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard *****86 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubilee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Qoldan VHlaga Bedok 443-2405 Bishan 353-8885 Boon Lay 792-2788 Broadway 454-9394 Maieshc 533-9032 Marina 337-9488 Pavilion 786-5788 Jampines 8 786-5788 Tiong Bahru 274-6588
      123 words
    • TRAVEL
      • Article, Illustration
        A beauty amidst Florentine hills
        898 24  -  THe Hotel Villa San Michele, once a monastery, boasts a facade designed by Michelangelo, jaime be finds the place awe-inspiring JAIME EE SOMEHOW, I really hadn't counted on there being a crypt in the hotel lobby. I was rather hoping it was just an ornate
        898 words
      • Article, Illustration
        Charming village rich in history
        531 24 WHILE a walk in the luscious grounds of the Hotel Villa San Michele to take in the heady whiff of lemons and manicured blooms, a breakfast of parma ham and assorted breads, and a visit to its impressive pool and the intoxicating view around it
        531 words
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      4 17 Epicure lG From chemical
      4 words
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      Page 17 Advertisements Column 2
      84 17 Travel From monastery to hotel EL 8 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
      84 words
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      58 19 Streeters Restaurante •Wine Bar I Savour the best in Spanish Mediterranean C uisines fa* I'apas Sampler at onl\ NB.BO I k.'S WIH ißnnz llti\ ad iilmv' to wow llh > ilitti h ill fi/'i > of hi pint I <»ii i' next hot tic ol \> inc A I could
      58 words
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      2040 20 VR Man airs on Sunday, 8.30pm, Ch 5 OFAR EAST FINANCE ORGANIZATION LIMITED AND ITS SUBSIDIARY (Incorporated in the Republic of Singapore) BALANCE SHEETS AS AT 31ST DECEMBER 1997 TVGro f TWCwp—y TVQr—P The Cwn—t Note 1997 19% 1997 199* Note 1997 199* 1997 199* s s FIXED ASSETS 3
      2,040 words
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      320 21 Where to wine, dine and entertain... TS An All-You-Can-Eat.. rCalmfiirr (porridge CJ)tnner (ftujjet Help yourself to mor&than 30 sumptuous dishes... to j go with steaming hot porridge, yjkm rice or plain rice. Friday to Sunday 6:3opm to 10 pm ADULT I CHILD $14® o++ I $9 80++ *Prke aibjeci to
      320 words
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      Page 21 Advertisements Column 2
      109 21 i Hi I Enjoy i A STYLISH LUNCH AT j TOP OF THE 4 M* j REVOLVING RESTAURANT: WITH 25% SAVINGS THIS MAY! j Call 831-6258/6288 (between spm-6pm) for your reservations. M i fk observation CD LOUNGE H«r«K MAtMi Mandarin yj Sin^apttrr 333 Orchard Road, Singapore *****7 Tel: 737 4411
      109 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      2165 23 TODAY'S TV niiMi mm■ II 2*o Littlest Pet ShoD. RECOMMENDED VIEWING Premier® U MM 3.00 My Little Pony. 9.00 AM TVSN. A JL 3.30 Salty's Lighthouse. TTip changed when Sam dm T c I novation w m I Mb I Matem^ik i«hJr«« tw«\ o„ Lo PM Swimming World f» M
      2,165 words
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