The Business Times, 22 August 1998

Microfilm: NL21220
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Masthead
    12 1 The BusinessTimes MITA(P) 110/12/97 85c SINGAPORE Internet http://business-times.asial.com.sg/ WEEKEND EDITION, AUGUST 22-23,1998
    12 words
  • Article
    MERKET SUMMARY
    64 1 m f33Jf (-f 10.30) HM mM 38L57 (-5.96) srooar 7H27 (-8.56) niw U 526J1 (-0.63) CTOdMAHCTDOMOg Friday Change KLSE COUP »4.M -MJ8 NIKKEI IfiJSMt mi HANG SENG 7,6*7 J1 214JJ SET INDEX __28ai2__-i* JAKARTA OOMP J88J8 -19J8 MANILA COUP 1,371ft -18JJ TAIPEI WP1 7JHJ7 47.47 SffiULCOMP llttS 4t.t)
    64 words
  • Article
    FINANCE
    72 1 FOBEX BATES uss ss VS$ 1.760 £(USS/S$ per 1.636 187# DM 1.797 0J79 YEN 1419 1U1 HI .4JW <1417 HK$ 7.748 1227 JAW- 4L8§ 1.043 |PUH I1.7M— St to M mils jSnrciATEs 'ZZZZZTiS 28.00 BANGKOK J 4.75 MANILA n.* HONGKONG 10.25 TAIPH AM SYDNEY _8l45 TOKYO 2. GO SEOUL
    72 words
  • Article, Illustration
    Lock icon Slide in interbank rates sparks talk of prime cut
    557 1  -  Palling interbank rates despite Sing dollar weakness seen as significant By i Larry Wee, Siow Li Sen [SINGAPORE] The time could be ripe for Singapore banks to lower their prime rates from 7.5 per cent, traders speculated yesterday, because interbank rates
    Source: Reuters  -  557 words
  • Article
    SPH announces tax treatment for cash return
    357 1  -  Of $1.22,52 cents will be considered return of capital, the rest as dividend By i Conrad Raj [SINGAPORE] The Inland Revenue Authority of Singapore has decided that of the $1.22 a share that Singapore Press Holdings is returning to its shareholders, 52 cents
    357 words
  • Article, Illustration
    Lock icon Tokyo signals serious bank clean-up with revamp of LTCB
    970 1  -  From Anthony Rowley in Tokyo JAPANESE authorities last night announced a major bank reconstruction which officials said will put financial markets on notice that Japan is serious about reforming and cleaning up its bad-debt-ridden banking system. The deal involves a drastic
    REUTERS  -  970 words
  • Article, Illustration
    A preordained marriage?
    75 1  -  -By Poo-Cheong Wai Ming [SINGAPORE] We all know the familiar POSBank logo is a stylised key made up of the "POSB" initials. But has anyone ever looked at the logo upside down? It's uncanny but it spells out three different letters "DBS". This must be the first
    75 words
  • Article
    Lock icon Wall Street hammered down 248 points by 1pm
    498 1 Mounting fears that the centre may not hold for US stocks Reuters [NEW YORK] A furious flight to safety amid growing market fears of a gathering international crisis sent US bonds climbing and stocks tumbling a spectacular 248 points in early afternoon
    Reuters  -  498 words
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      Page 1 Advertisements Column 1
      141 1 in mm Hfj seats Nine companies have applied to become Simex members, ahead of next month's launch of regional equity index contracts, P*» Wait it tut The time is not ripe to pick up lbcal bank stocks, says HSBC Securities analyst Stephen Frost The worse is still to come, Ms
      141 words
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      Page 1 Advertisements Column 2
      144 1 Automatic Chronometer in 316 L steel, by Mauboussin. S$ 5,380. MAUBOUSSIN since 182? EXCLUSIVELY AVAILABLE AT: MAUBOUSSIN BOUTIQUE-#Ol-19ANGEE ANN Crnr39IBORCHARD ROAD SINGAPORE *****4. TEL (65) 735 1272 ROY EASTERN WATCH #01 -86/88 #01-74 LUCKY PLAZA 304 ORCHARD ROAD SINGAPORE *****3. TEL (65) 734 3139 (65) 734 1935 DELUXE EASTERN WATCH
      144 words
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      Page 1 Advertisements Column 3
      8 1 Singapore share* revive at eleventh hour, Pg 18
      8 words
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  • BULL'SEYE
    • Article, Illustration
      BT Sentiment Index
      691 2 Those polled for their views on the Singapore stock market outlook for next week were: Credit Lyonnais, DBS, GK Goh, ING Barings, Kim Eng. OCBC, Phillip. Natsteel Broadway ♦(Maintain Buy) Indosuez WI Carr, Aug 21, US$O.73 A 30 per cent expansion in group capacity over the last
      691 words
    • Article, Illustration
      In My Opinion
      371 2  -  Lim Jit Soon head of coantry research Salomon Smith Barney, Singapore um HE upheavals in I Asia have signifiX cant implications for corporate Singapore. Past business practices, assumptions and mindsets are in danger of becoming irrelevant, given the new challenges ahead. We are moving into an era
      371 words
    • Article, Illustration
      Lock icon Not time yet to buy local bank shares, says analyst
      821 2  -  They have been battered down by as much as 50% over the past six months, but worse is still to mmc By\ Shiv Taneja [SINGAPORE] THE interim reporting season hasn't been a pretty one for the local banks. Up to
      FILE PHOTO  -  821 words
    • Article, Illustration
      Lock icon Idea of Japan leading Asian upturn overdone: economist
      687 2  -  Region's crisis happened before, not after, slowdown hit Japanese economy By\ Shiv Taneja [SINGAPORE] The perception that Japan has to take the lead so that the rest of Asia can recover from its current predicament is a bit overdone, said Rob Carnell,
      CHRIS LOH  -  687 words
    • Article, Illustration
      Lock icon A glimmer of light in the gloom
      997 2  -  Electronics stocks lead modest rally from all-time low By Louis Beckerling [SINGAPORE] A renaissance among electronics stocks last week threw a lifeline to our small-cap portfolio. In the process, it also raised the tantalising possibility that investors may at last be looking for
      Source: Datastream  -  997 words
    • Article, Illustration
      Lock icon Fund profile
      321 3 Compiled by BT Investment objective To achieve long term capital growth by investing in the regional stockmarkets outside of Japan. Investment style The style is bottom up, with regular visits to companies. Fundamental analysis is supplemented with quantitative tools to control risks and aid in the portfolio construction
      Compiled by BT; Source:  -  321 words
    • Article, Illustration
      Like the idea of a unit trust portfolio? Try Lloyds
      1048 3  -  A new service from the British bank offers the benefits of dollar cost averaging and fund managers of international pedigree By\ Shiv Taneja [SINGAPORE] HOW much of your savings do you need to part with to get some of the
      1,048 words
    • Article
      Tailoring a portfolio for individual needs
      829 3 [SINGAPORE] Many individuals these days are more aware about financial planning, as they understand that it is important to start planning for their future early to avoid unpleasant surprises down the road. Planning is important to help them achieve their goals, be it for
      829 words
    • Article
      Stocks rally likely to be short-lived
      528 3  -  EYE OK THE REGION: THE PHILIPPINES Buying in last few days largely technical in nature Frrm Al Labita in Manila AFTER weeks of free fall, Philippine equities have clawed back to positive territory in the last few days, but for how long, it's anybody's
      528 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      102 3 Sound Us Out First -JE3£JSMF~ ATLAS HI Fl PTE LTD Rdtvr sountf ttirmHfh ri*s&.m~h »01-116/124 Suntec City M.ill (Tower Two) Tel: 339 0966 F.ix 336 4678 fidim 'Bull run' at Block 221, Pasir Ris. Chun Lee Hoong of Pasir Ris is riding high. His trust portfolio has appreciated by 21%*
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon City Chain's expansion bucks the trend
      523 4  -  It is opening 2 stores at year-end, looking for more prime spots at low rentals By, Ang Wan May SINGAPORE'S largest watch retailer City Chain is doing what few retailers would venture to do at this time it is not only keeping all its
      FILE PHOTO  -  523 words
    • Article
      CommerceNet to instil trust in e-trade
      434 4  -  It will help establish S'poreas e-commerce hnb By' Tob Han Shih COMMERCENET Singapore Ltd, an electronic commerce consortium, will play an important role in establishing Singapore as a trusted electronic commerce hub, said Minister for Information and the Arts and Second Minister for Trade
      434 words
    • Article
      Natuna pipeline work starts in 1999 as planned: Premier Oil
      421 4  -  By] Ronnie Lim CONSTRUCTION of the 640 km pipeline which will bring Indonesian natural gas from West Natuna to Jurong Island will start next year on schedule, according to Jakarta reports yesterday quoting Premier Oil of the UK. The remarks
      421 words
    • Article, Illustration
      $2.5m boost for film industry in S'pore
      464 4  -  By Jaime Ee FOUR feature-film makers will each get up to $250,000 in seed money for their projects from the Singapore Film Commission, said the commission's chairman, Jennie Chua, yesterday. In addition to the $1 million set aside for full-length features, another $250,000
      464 words
    • Article, Illustration
      Lock icon Data network group Equant to pump US$150m into Asia
      586 4  -  It intends to strengthen network infrastructure Teh Hooi Ling THE world's largest data network operator Equant NV intends to pump in US$l5O million (***** million) to US$2OO million to strengthen its network infrastructure in the Asia-Pacific region in the next three
      SIEW YAW HOONG  -  586 words
  • Page 4 Advertisements
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      324 4 CttVPTIC CROSSWORD 29 A qua rter for a wonder (S) 8 Serving men regarded as 27 Barely observed (4) 30 Reduced fare (6) liberated (8) 31 Academic bosses must ad- n Poles have to trail around to YESTERDAY'S SOLUTION mit financial liability (8) find a backer (7) ■sMcWrM ■sMoMoM DOWN
      324 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Visible signs of recovery in M'sia: Daim
      357 5 Bernama Reuters AFP [KUALA LUMPUR] Special Functions Minister Daim Zainuddin said there are visible signs of economic recovery for the country and they will be more significant by the end of the year. This is indicated by the exchange rate for the Malaysian
      Bernama; Reuters; AFP  -  357 words
    • Article
      Lock icon Circuit breakers better, say HK analysts
      614 5 Many read govt intervention as attempt to set levels Reuters [HONGKONG] The Hongkong government should have instituted circuit breakers in the stock market rather than bought shares if its goal was to reduce market volatility or stagger declines, analysts said yesterday. "I agree with
      Reuters  -  614 words
    • Article
      Lock icon Falls in Asian markets are overdone: Mellon Capital
      485 5 Reuters [SINGAPORE] US investors were on a buying spree in Asia following sharp corrections in the Asian financial markets, a leading investment manager said yesterday. Thomas Loeb, chairman and chief executive of Mellon Capital Management Corp, told Reuters that recent falls in
      Reuters  -  485 words
    • Article
      Jakarta takes major steps to restructure banking sector
      707 5  -  Four state banks merged, 4 others nationalised, assets of 3 banks frozen From Shoeb Kagda in Jakarta IN a move towards rehabilitating the chronically sick financial sector, the Indonesian government yesterday announced major banking restructuring moves which include the merger of four
      707 words
    • Article
      Lock icon China, HK dismiss reports of US$10b loan
      272 5 Bridge News [SHANGHAI] China's State Administration of Foreign Exchange (Safe) and the Hongkong Monetary Authority (HKMA) yesterday said reports that China used US$lO billion (5517.6 billion) to support the Hongkong stock market were just rumours. The Hongkong press yesterday reported that the Chinese
      Bridge News  -  272 words
    • Article, Illustration
      Lock icon Downcycle
      56 5 [BEIJING] A cyclist on an overhead bridge spanning a busy road in northern Beijing yesterday. China's automobile output is forecast to drop by 16.7 per cent in the third quarter compared with the second quarter, due mainly to sluggish demand and rising stockpiles. China was expected to produce 387,965
      REUTERS  -  56 words
    • Article
      Lock icon Citra Marga risks default on US$125m bond
      275 5 Another USsl7sm bond also close to default, says S&P Bloomberg [JAKARTA] PT Citra Marga Nusaphala Persada, a toll road company controlled by the eldest daughter of former Indonesian president Suharto, is close to defaulting on a US$l25 million (Ss22o million) eurobond, Standard Poor's
      Bloomberg  -  275 words
    • Article, Illustration
      Thai ex-minister faces criminal charges
      499 5  -  He and 5 top execs of closed finance firm accused of granting fraudulent loans From. Harish Mehta in Bangkok FORMER Thai commerce minister Narongchai Akrasanee and five top executives of shuttered finance company General Finance Securities were slapped with criminal charges for allegedly granting fraudulent
      499 words
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  • REGION
    • Article, Illustration
      Lock icon Grenade attack sends political tension in Cambodia surging
      594 6 PHNOMPENH Attack on opposition demo leaves one dead; govt vows legal action against Sam Rainsy AFP POLITICAL tension in Cambodia's capital soared yesterday following a grenade attack on an opposition demonstration outside the country's interior ministry. The interior ministry vowed to take
      AFP; REUTERS  -  594 words
    • Article
      Lock icon Viet nod for airline venture with S'pore firm
      193 6 HANOI AFP VIETNAM has given in-prin-ciple approval to the formation of a new air carrier in a joint venture with a Singapore company, a local official said yesterday. An official from Can Tho province, one of the proposed partners in Air Mekong,
      AFP  -  193 words
    • Article
      Lock icon Vietnam govt orders officials to declare assets
      302 6 HANOI But observers say law has no teeth to weed ont graft AFP IN a determined effort to root out corruption and nepotism, the Vietnamese government has decreed officials must declare their assets, a report said yesterday. The new decree signed by Prime
      AFP  -  302 words
    • Article
      Lock icon Indon abductions: Army to announce findings Monday
      309 6 JAKARTA AFP THE Indonesian military will announce on Monday whether three senior officers, including a son-in-law of expresident Suharto, will be court martialled for the abduction and torture of activists, a report said here yesterday. Military Chief General Wiranto will on Monday announce
      AFP  -  309 words
    • Article
      Lock icon Manila court rejects Subic chiefs plea to stay
      173 6 MANILA Reuters THE Philippine appeals court yesterday dismissed the plea of ousted Subic Free Port chairman Richard Gordon to stay on, virtually clearing the way for Philippine President Joseph Estrada's nominee to take over. "The petitioner has no clear or positive legal
      Reuters  -  173 words
    • Article
      Lock icon Army aware of possible excesses: Wiranto
      267 6 JAKARTA Reuters INDONESIAN armed forces (Abri) Chief General Wiranto said yesterday the army was aware of the possibility of "excesses" committed by troops during military operations in the provinces of East Timor, Irian Jaya and Aceh. "Abri is aware that, in carrying out its
      Reuters  -  267 words
    • Article, Illustration
      Lock icon Students slam govt bail-out of banks
      279 6 JAKARTA AFP SOME 500 members of six youth and student groups took to the streets here yesterday to urge private banks to repay liquidity credit they obtained from central Bank Indonesia, witnesses said. "It is ironical that the government works hard to seek the
      AFP; REUTERS  -  279 words
    • Article
      HK tourism shows first rise after year-long slide
      495 7  -  July visitor arrivals up 27% mainly due to larger nnmbers from China From Loh Hui Yin in Hongkong AFTER a year-long dry spell, Hongkong's tourism industry finally saw growth last month, though it is still hardly out of the woods. The number
      495 words
    • Article
      Lock icon HK inflation at record 3.2% low
      159 7 HONGKONG AFP THE annual inflation rate in recession-hit Hongkong fell to 3.2 per cent in July, the lowest figure in over a decade, the Census and Statistics Department announced yesterday. The lower year-on-year rate of increase was mainly attributable to a decline in food
      AFP  -  159 words
    • Article, Illustration
      Lock icon Hyundai strikers accept layoffs; no accord on numbers
      342 7 ULSAN, South Korea AFP STRIKING union workers at Hyundai Motor Co yesterday agreed to accept layoffs, brightening hopes of a solution to a crippling walkout at South Korea's top carmaker, mediators said. But although the union accepted the concept, the company, while
      AFP; REUTERS  -  342 words
    • Article
      Lock icon Postponed: Jiang's state visits to Russia and Japan
      191 7 BEIJING AFP CHINESE President Jiang Zemin has postponed state visits to Russia and Japan because of the huge floods throughout China, Xinhua said yesterday. Mr Jiang's visits to Moscow and Tokyo, previously scheduled to run from Sept 4-11, have been postponed because
      AFP  -  191 words
    • Article
      Lock icon China industries lag finance sector in fixing Y2K bug
      471 7 SHANGHAI Central bank, market regulators taking the lead Reuters CHINA is falling behind in the race against the millennium bug, but its finance sector could still sprint to a strong finish. The central bank and stock market regulators have taken the
      Reuters  -  471 words
    • Article
      HK air cargo ops return to normal
      444 7  -  Recovery a week ahead of schedule, in time for peak season From, Loh Hui Yin in Hongkong AIR cargo operations in Hongkong will return to normal next Monday a week ahead of schedule and in time for the peak cargo handling season next
      444 words
    • Article, Illustration
      Lock icon Japan to boost funds for SME loans
      436 7 TOKYO Govt to set aside 40t yen, up from 25t yen previously Bloomberg INTERNATIONAL Trade and Industry Minister Kaoru Yosano said the government will earmark 40 trillion yen (***** billion) in loans for small businesses that face difficulty borrowing from banks. "We realise
      Bloomberg  -  436 words
    • Article
      Lock icon Hanson's damage will last for decades, Keating warns
      269 7 MELBOURNE AFP FORMER prime minister Paul Keating warned yesterday that Australia will take decades to recover from the damage to its reputation caused by the rise of populist MP Pauline Hanson and her One Nation party. "We'll be battling with it for
      AFP  -  269 words
    • Article
      Lock icon Taiwan arrests 16 for sailing to China
      140 7 KINMEN, Taiwan AFP POLICE in this frontline Kinmen (Quemoy) island yesterday arrested three Taiwanese deputies and 13 others for defying a government ban on direct sailing to archrival China, witnesses said. Taipei County councillor Chin Chieh-shou, National Assembly deputy Tsao Yuanchang and Yongho
      AFP  -  140 words
  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1814 6 CITY FLIGHT ETA FLIGHT ETC) OFO6 1845 S***** 2359 A4olaWo BA7381 1930 BA7382 2055 FvJmoka S0989 1700 S0990 0115 0r 1930 $0229 2220 CZ351 2045 C2352 0835 Amsterdam KL843 0450 KL838 2300 2 S023 0710 VN741 1310 $0176 1105 KL837 1455 S0346 2330 ***** 1840 MM
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      37 7 "*i. SP& M There* even a compartment for your passport I Hi Parformanca Motor* Ltmitcd East Coast Centre, 280 Kampong Arang Road Tat 346 7227 Moo-Sat 9am to 6om Sun: ioam to 6pm Tha Ultimate Riding Machine
      37 words
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  • THE WORLD
    • Article
      White House denies timing of attack tied to Monicagate
      708 8  -  Officials say military action based entirely on tactical considerations Froml Leon Hadar in Washington WHITE House officials and other national security aides in the Clinton administration have denied that the president's decision on Thursday to bomb alleged terrorist targets in Afghanistan
      708 words
    • Article, Illustration
      Lock icon Lewinsky contradicts Clinton testimony: report
      203 8 WASHINGTON Bridge News MONICA Lewinsky on Thursday contradicted President Bill Clinton's testimony about their sexual relationship and said they engaged in unusual sexual practices, NBC television reported. The network did not say what the alleged practices were. Ms Lewinsky, who testified for a second time
      Bridge News; REUTERS  -  203 words
    • Article
      Lock icon Fire bombs planted in homes of 2 top Swedes
      382 8 ■STOCKHOLM Reuters SWEDISH police were yesterday investigating the planting of incendiary devices at the homes of two of the country's top businessmen, for which an unknown group called "Hate the Rich" claimed responsibility. Police confirmed the discovery of two incendiary devices
      Reuters  -  382 words
    • Article, Illustration
      The long and short of presidents' vacations
      752 8  -  EUROPEAN VIEW Clinton and Yeltsin's approaches to holidays are a study In contrasts By Kevin Sullivan YOU have to hand it to Boris Yeltsin the man is a champion holiday-maker. US President Bill Clinton was barely into the second full day of his
      752 words
    • Article
      Goldman sees Y2K bug shaking up US economy
      445 8 NEWYORK GDP could be hit for a quarter or two, bat no recession seen THE Year 2000 computer bug could shake up the US economy as much as the 1994 Los Angeles earthquake, say economists at Goldman Sachs, though it is not
      445 words
    • Article
      Many Russian banks staring at default
      263 8 MOSCOW A LARGE number of Russian banks will be unable to meet their obligations to foreign creditors and are in danger of defaulting on their debts, central bank deputy chairman Sergei Alexashenko said on Thursday. "A large number of commercial banks, but not all,
      263 words
    • Article
      Lock icon Country's financial crisis will worsen, warns Kremlin
      532 8 MOSCOW Deputies call for Yeltsin's resignation; stocks fall 7% Bloomberg RUSSIA'S government warned that the country's financial crisis will worsen and called on legislators to speed passage of measures needed to avert a collapse of the financial system. "This crisis has only just
      Bloomberg  -  532 words
    • Article
      Lock icon Latin American bonds plunge again
      314 8 BUENOS AIRES Bloomberg LATIN American debt tumbled for a second day as the threat of a devaluation in Venezuela set off a stampede by investors who said the risks of owning developing country bonds had been underestimated. "Venezuela's troubles confirm that dominoes will continue to
      Bloomberg  -  314 words
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  • COMPANIES & MARKETS
    • Article
      Stockbrokers among nine seeking Simex membership
      390 9  -  Firms getting set for launch of regional equity index contracts By Siow Li Sen [SINGAPORE] Nine companies have applied to become members of the Singapore International Monetary Exchange Ltd in preparation for next month's launch of regional equity index contracts, sources said yesterday. Yet,
      390 words
    • Article
      Hitachi Zosen provides for $24m operating loss
      295 9  -  It cites cost overruns, lower volume and margins By' Teh Hooi Ling [SINGAPORE] Hitachi Zosen Singapore yesterday said it has provided for a "significant unforeseen" operating loss of $24.1 million in the four months ended July 31, 1998. The company, which has agreed
      295 words
    • Article, Illustration
      Lock icon Doormaker KLW gets nod for Sesdaq IPO next week
      431 9  -  It hopes to raise over $sm; plans to go into retail, export By< Carol Eng [SINGAPORE] Doormaker KLW Holdings has received in-principle approval for a Sesdaq issue and plans to raise over $5 million in its initial public offer next week.
      CHRIS LOH  -  431 words
    • Article
      Lock icon Amcol ex-directors found guilty of failing in duties
      356 9 They are fined but not disqualified from holding directorships The Straits Times [SINGAPOREJ Amcol Holdings' three former directors Robin Kang Thian Leng, Chng Heng Tiu and Johnny Kesuma were yesterday found guilty of failing in their duty as directors. Both Kang and
      The Straits Times  -  356 words
    • Article
      No CPF limit on FDs from Monday
      126 9 [SINGAPORE] The Central Provident Fund Board has removed the limit on members' savings that could be placed in fixed deposits with banks. Effective from Monday, all investible savings in a member's ordinary account may be placed in fixed deposits. The limit used to
      126 words
    • Article
      Time to buy Clob stocks? Look before you leap
      801 9  -  HOCK LOCK SIEW Louis Beckerling CLOB stocks have swung from being a happy hunting ground for enthusiastic Singapore punters, to a graveyard. Based on last week's events, are the good times ready to roll once more? The short answer is no.
      801 words
    • Article
      POS Bank denies selling DBS (F)
      210 9  -  By Louis Beckerling [SINGAPORE] POSBank has refuted market talk that it may have been the seller of 42.6 million DBS Bank Foreign shares this week. But the identity of the parties to the $315 million deal done on Thursday so far remains a mystery.
      210 words
    • Article, Illustration
      Lock icon Creative ends week 27% up as Soundblaster Live! takes off
      331 9  -  By- Annette Pau [SINGAPORE] Creative Technologies shares gained 27 per cent, or $4.30, this week, riding on growing investor optimism over its latest new product Soundblaster Live! which was launched earlier this month. Bargain-hunters also snapped up the stock which
      Source: Bloomberg  -  331 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Nestle buys out San Miguel unit for 28b pesos
        345 10 San Miguel justifies divesting 'crown jewel' with need for cash to cnt debt Bloomberg [MANILA] San Miguel Corp, the Philippines' largest drinks and food company, made its second major divestment in as many months, handing full control of a joint venture
        Bloomberg  -  345 words
      • Article
        Magnum's interim earnings plunge 45% to RM135m
        407 10  -  Analysts expect full-year earnings to be even weaker From Meera Tharmaratnam in Kuala Lumpur GAMING company Magnum Corporation reported poor earnings yesterday, with net profit tumbling 45 per cent to 135 million Malaysian ringgit (5556.3 million) for the six months ended June 30,1998.
        407 words
      • Article
        Lock icon Goldman looking for business in M'sia
        156 10 Bernama [PETALING JAYA] Goldman Sachs, a US-based financial institution engaged in international investment banking and securities, is actively looking for business opportunities in Malaysia and the region. Describing the regional financial turmoil as temporary and would not be prolonged, the vice-president for investment banking
        Bernama  -  156 words
      • Article
        Lock icon Provisions loom over Hutchison interim results
        298 10 Reuters [HONGKONG] Hutchison Whampoa is expected to report a moderate decline in interim operating results but analysts said investors are more concerned about big provisions on property and other investments. "Provisioning is the million dollar question," said Paribas Asia Equity's John Hetherington. "The likelihood
        Reuters  -  298 words
      • Article
        KLK drops 9% after related party deal
        460 10  -  Frm Meera Tharmaratnam in Kuala Lumpur INVESTORS showed their displeasure with plantationbased Kuala Lumpur Kepong yesterday, driving its stock price down by 9 per cent to 4.86 Malaysian ringgit after the company said it would buy its parent's stakes in two companies for
        460 words
      • Article
        Lock icon Kedah Cement in talks to sell stake to foreigners
        416 10 Suitors include Swiss, French, UK, German firms Bloomberg [KUALA LUMPUR] Malaysia's second-largest cement maker Kedah Cement Holdings Bhd is in talks with some of the world's biggest cement companies to sell a stake, and with it, 25 per cent of the
        Bloomberg  -  416 words
      • Article, Illustration
        Lock icon Boustead aims for big bite of bread market with new lines
        484 10  -  It expects food to account for half of turnover in 5 years By Ven Sreenivasan [SINGAPORE] Mainboardlisted Boustead Singapore has launched a line of breads, taking its first critical step towards transforming itself into a major regional food-mak-er from
        ARTHUR LEE  -  484 words
      • Article
        Lock icon Singer (M) hopes to maintain revenue
        213 10 Bernama IKUALA LUMPUR] Singer (M) Sdn Bhd, a subsidiary of Berjaya Singer Bhd, hopes to maintain last year's 375 million Malaysian ringgit (Ssls6 million) revenue, said its managing director Sau Warn Hing on Thursday. Singer Malaysia, which has 93 years' experience, will continue to
        Bernama  -  213 words
      • Article
        Want Want's interim earnings jump 31% to $45m
        253 10 It cites improving sales of rice crackers, snacks [SINGAPORE] Want Want Holdings yesterday said its half-year net profit rose 31 per cent to $45.1 million, due to steadily improving sales of rice crackers and other snacks. This compares with a 19 per
        253 words
      • Article
        SNP Corp's interim net loss triples to $5.7m; sales down 6%
        272 10  -  By Jennifer Lien [SINGAPORE] Printer and publisher SNP Corp yesterday said its net loss in the first six months this year had widened by 211 per cent to $5.7 million. But an extraordinary gain of $12.4 million helped lift
        272 words
      • COMPANYBriefs
        • Article
          Lock icon Jardine Matheson director sells shares
          26 10 AFX-Asia [HONGKONG] Jardine Matheson Holdings executive director Simon Keswick has sold 439,675 JMH shares, the company told the stock exchange. —AFX-Asia
          AFX-Asia  -  26 words
        • Article
          LAM firms up new terms for $54m loan
          42 10 [SINGAPORE] L&M Group Investments said it has worked out the terms and conditions for the restructuring of its $54 million syndicated loan facility for the consideration of the credit committees of the respective banks.
          42 words
        • Article
          JIT to sell network cabling systems
          62 10 [SINGAPORE] JIT Electronics said it will market, sell and support end-to-end structured network cabling systems for cable solutions provider MOD-TAP in Singapore, the Philippines, Vietnam and Indonesia. JIT and MOD-TAP are aiming for 8-10 per cent share of the local market, currently worth about
          62 words
        • Article
          Pokka names MD as new CEO
          40 10 [SINGAPORE] Pokka Corp (Singapore) has appointed Takaaki Takagi as chief executive officer with effect from Aug 1. With effect from the same date, Tatsuo Yoshioka was appointed managing director in place of Mr Takagi.
          40 words
        • Article
          Corrections and clarifications
          51 10 IN our report headlined "CEH Holdings launches IPO of 34m shares" on Wednesday, the sales and net profit figures of $168.9 million and $4.4 million for Chew Eu Hock were for the year ended July 1998, and not July 1999 as reported. We are sorry for the
          51 words
    • COMPANIES
      • Article
        Lock icon Intel shares fall alter Merrill analyst cuts rating
        449 11 He says company will have trouble achieving high sales growth Bloomberg [SANTA CLARA, California] Intel Corp fell 3.98 per cent on Thursday after influential Merrill Lynch Co analyst Tom Kurlak cut his investment rating on it, saying its sales growth is certain
        Bloomberg  -  449 words
      • Article
        Lock icon Siemens to stay in semiconductors but no pickup seen
        384 11 Losses will lessen this year, says semicon unit chief Reuters [MUNICH] German electronic group Siemens AG said on Thursday that it remained committed to its semiconductor business, but it did not expect the unit to recover significantly until towards the end
        Reuters  -  384 words
      • Article
        Lock icon Autodesk in US$530m deal to buy Discreet
        211 11 Reuters [SAN RAFAEL, California] Autodesk Inc, one of the largest makers of computer-aided design software, agreed to buy Discreet Logic Inc for about US$53O million (***** million) in stock, broadening its offerings in three-dimen-sional design software used in films and TV movies. Autodesk
        Reuters  -  211 words
      • Article, Illustration
        Lock icon Trading company Okura goes under with 288b yen liabilities
        306 11 Failure makes it Japan's 3rd-largest bankruptcy this year Bloomberg [TOKYO] Okura Co, a Tokyo-based trading company with strong links to Fuji Bank, Ltd, said it sought protection from creditors, becoming Japan's third-largest bankruptcy this year and the latest casualty of the
        Bloomberg; AFP  -  306 words
      • Article
        Lock icon Slowdown hits two of Canada's top 6 banks
        360 11 Toronto-Dominion Bank, Royal Bank s&y profits down or flat for Q3 from Q2 Reuters [TORONTO] Two of Canada's biggest banks kicked off the industry's third-quarter earnings season on Thursday, reporting that a slower economy and sliding stock markets cut into their profits.
        Reuters  -  360 words
      • Article
        Lock icon 8,700 AT&T managers retired in June
        266 11 Bloomberg [NEW YORK] AT&T Corp, which is trying to eliminate billions of dollars in costs by shedding thousands of workers, said 8,700 managers left the nation's largest phone company in June under an early retirement offer. That is 56 per cent of the 15,500
        Bloomberg  -  266 words
      • Article
        Lock icon Acer to cut 1998 profit forecasts; shares fall
        217 11 Bloomberg [TAIPEI] Acer Inc, one of the world's top 10 personal computer makers, will cut its 1998 sales and earnings forecast as demand for computer chips slows across Asia, it said. The profit warning drove Acer shares down by as much as
        Bloomberg  -  217 words
      • Article
        Lock icon US investor sues major brokers for allegedly discouraging 'flipping"
        183 11 Bloomberg [SAN FRANCISCO] A California woman filed a sweeping lawsuit this week against several major brokerages, alleging that they wrongly discourage investors from buying initial stock issues and reselling the shares quickly. Joan Myers filed suit in San Francisco Superior Court
        Bloomberg  -  183 words
      • Article
        Lock icon Crown shares lose 7.5% as writedown looms
        185 11 Bloomberg [MELBOURNE] Crown Ltd's shares fell 7.5 per cent to close at a record low of 31 A cents yesterday as investors fret that the Australian casino company's earnings are being eroded by Asia's economic turmoil and the value of its assets will
        Bloomberg  -  185 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Rubber prices face danger of collapsing
        427 12  -  Inro close to breaking up as M'sia, Thailand qnit as threatened iiy\ Siow Li Sen [SINGAPORE] Rubber prices which have tumbled to levels not seen since the early 1970s could collapse if the producer countries do not get their act together soon because the
        Source: Scam  -  427 words
      • Article
        Lock icon National Mutual Asia sees investment profits falling
        189 12 But it says operating earnings not hit by drop in markets Bloomberg [HONGKONG] National Mutual Asia Ltd, a Hongkong life insurance company controlled by National Mutual Holdings Ltd, said its investment earnings this financial year are likely to be "significantly" below last year.
        Bloomberg  -  189 words
      • Article, Illustration
        Lock icon US$ stuck in a range vs mark, SFr
        470 12 USS/mark: Trading activities for the first four days of this week lacked the excitement that we saw last week. Trading on Monday was the only day with some semblance of last week's flurry where the unit traded to a high of 1.8122
        Source: DBS Bank  -  470 words
      • Article
        Lock icon Small US banks may merge to beat Y2K bug
        252 12 Reuters [NEW YORK] Small and midsized US banks may have to merge with larger rivals for safe haven from the millennium bug, which threatens to crash computer systems and bring electronic commerce to its knees on Jan 1, 2000. "The consensus
        Reuters  -  252 words
      • Article
        Lock icon Prudential in UK threatens to sack 1,000
        124 12 Reuters [LONDON) Prudential Corporation pic, Britain's largest life and pensions company, is threatening to sack 1,000 of its 4,000 sales staff if they fail to meet tough new sales targets. The Times said yesterday. Union officials say they have been told by senior
        Reuters  -  124 words
      • Article
        Euroyen, JGBs firm as banking fears fade
        243 12 SThiriii Report [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures firmed yesterday as worries about a major worsening of the banking problems in Japan faded. Dealers said the markets took heart from the recent government measures to avert a liquidity crunch during
        243 words
      • Article
        Futures dip again on earnings concerns
        178 12  -  MSC3 TAIWAN FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures fell for a second day amid pessimism that 1998 corporate earnings may fall below expectations due to the economic slump in Asia. Acer Inc, the bellwether
        178 words
      • Article
        Lock icon Oil eases despite US missile attacks
        239 12 ENERGY REPORT Reuters [LONDON] Oil prices slipped back yesterday as traders concluded that US missile strikes on Afghanistan and Sudan posed no immediate threat to oil supplies. Benchmark Brent crude was trading down nine cents at U5512.55 by 1406 GMT, US$l up from 10-year
        Reuters  -  239 words
      • Article
        Lock icon CURRENCY REPORT
        253 12 AFP London POLITICAL developments in Russia helped the dollar firm against the mark, to 1.8018 against late Thursday's 1.7975, but traders said conflicting factors would limit its gains. "Each of the major currencies has its own ball and chain," said Rob Miniken, chief currency strategist at Citibank. "It's
        AFP  -  253 words
      • Article, Illustration
        Untitled
        1233 12 mTBKBAWKCaOSSEATBS Aug2l AS C$ ECU Ffr Pn HK$ twd ts Hp>>!» Ytw Won «M |g$P*ti Ptso SS UmA Mr trrs toirt US$ ***** *"178 n£! 3 VSJ S^S, 69 9 0841 7638 2:479 ***** 25.086 1-035 3.750 0.*****.409 24.315 0.360 Q.586 fgy J-® 9 5 4W WW 1.173 5.056 27.786
        1,233 words
    • Article
      COMMODITY PRICES
      1704 13 S1C0M FUTURES Aug2 RU8BCR (Mum dosing *s *t S J0*n) RSS1 CONTRACTS cMti/kg) Close Votaioe Open Month Hjqh Low Sott (tonnes) Interest Sep 96 m.75 490 Oct 98 114.00 112.25 112.75 350 1515 No* 96 113.25 M50 OK 98 114.00 1850 Jan/Mar 99 117.00 2025 Apr/Jun 99 *****
      1,704 words
    • Article
      WORLD STOCK MARKETS
      2179 13 LONDON Industrials h<ci 31 Croup 529.000 -20.000 AB Port! 302.000 unch Abbey National 1088.000 -2.000 Allied Oomecq 534.400 -0.600 Am* 141.400 -3.600 Aid* Group 179.400 -6.800 BAT Ind 649.000 -28.400 BC Pic 373.200 -5.200 BICC 102.000 -0.400 BOC Group 843.000 -8.400 BR Petroleum 850.000 -7.000 BTR 149.600
      2,179 words
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      Lock icon TOKYO
      1594 13 Bloomberg D Nikkei 225 -9121 JAPANESE stocks fell for a second day, led by computer-related companies such as NEC Corp following a decline by their US counterparts and a profit warning by Tokyo Electron Ltd. Chipmakers NEC and Fujitsu Ltd set the pace after the technology-laden Nasdaq Composite Index
      Bloomberg  -  1,594 words
    • Article, Illustration
      Lock icon JAKARTA
      670 14 AFP £3 Composite Index -10.98 INDONESIAN share prices closed 2.75 per cent lower yesterday amid falls in state-run firms led by cement company Semen Gresik and state-run telecom monopoly PT Telkom. Dealers said investors were disappointed over the delayed privatisation of Semen Gresik and the poor first-half financial results
      AFP  -  670 words
    • Article, Illustration
      Lock icon HONGKONG
      1479 14 Reuters Bloomberg Q Hang Seng -214J2 STOCKS lost steam yesterday, closing lower in tandem with weaker overseas markets and lacking support from government buying, brokers said. The Hang Seng Index lost 214.92 points to 7,527.61. Although the government may have been in the market, it was decisively less aggressive
      Reuters; Bloomberg  -  1,479 words
    • Article, Illustration
      Lock icon CHINA
      590 14 Reuters Q Shenzhen B Index +0.45 SHENZHEN B shares closed higher in thin, volatile trade yesterday, pulled up by late gains in domestic A shares, analysts said. The B Share Index gained 0.45 of a point to 55.33 points on turnover of HK$l2.7 million. "The B shares were fluctuating
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  590 words
    • Article
      Lock icon TAIPEI
      325 14 AFP QWP Index -57.47 TAIWAN stocks slipped 0.8 per cent yesterday on strong selling of technology and plastics shares after leading companies revised earnings forecasts, dealers said. The Weighted Price Index dropped 57.47 points to 7,213.37, following a 0.3 per cent decline in the previous session. Several leading compa-
      AFP  -  325 words
    • Article
      Lock icon WELLINGTON
      246 14 AFP □Wellington -30.15 NEW Zealand shares closed down 1.5 per cent yesterday on weakness in the US market. The NZSE-40 Capital Index fell 30.15 points at 2,001.50 on turnover worth NZ585.84 million. Falls outnumbered rises by 53 to 42 among the 135 stocks traded.—AFP «a com ANZ Banking 12.00
      AFP  -  246 words
    • Article, Illustration
      Lock icon BANGKOK
      766 14 AFP QSETlndex AM THAI share prices dropped 1.7 per cent In light trading yesterday on profit-taking in blue chips and in line with weaker regional markets, analysts said. The bourse took its cue from overseas markets amid an absence of domestic leads, United Securities chief analyst Somsak Bunsupaporn said.
      AFP  -  766 words
    • Article
      Lock icon SEOUL
      417 14 AFP rl Composite Index +&03 SOUTH Korean share prices ended yesterday scarcely changed as bargain hunters sparred with profit takers to keep the index flat, dealers said. The bourse, battered by alternate sharp falls and quick rises, traded in a narrow range through the day, buoyed by a steadier
      AFP  -  417 words
    • Article
      Lock icon SYDNEY
      590 14 AFP NAD Ordinaries -215 AUSTRALIAN share prices fell 0.9 per cent yesterday as weaker US and Tokyo share markets led the bourse down in thin trade, brokers said. The All Ordinaries Index lost 23.5 points to 2,635. The All Industrials Index slipped 43.7 points to 4,655.7 while the All
      AFP  -  590 words
    • Article
      Lock icon MANILA
      297 14 AFP n Manila -1&33 PHILIPPINE share prices closed 1.3 per cent lower yesterday as investors cashed in on the previous two days' gains. Analysts attributed the fall to profit-taking. The Philippine Stock Exchange Index lost 18.33 points to 1,372.60. Turnover fell to 228.9 million shares worth 524.7 million pesos.
      AFP  -  297 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        7662 15 MBtfSTMALS Cwmwmt pnMi <**• Lait Vol Oay Nat Cap HNfc U» ClWUMIi $n» •000 Mlf> Law R/t $HI 310 170 Ajinomoto 190 )0.5 77.0 14a 33.5 Anqkasa 40 -5 9 40 39 0.9 59 0 290 123 Apollo Food Hlq 129 -4 1 129 129 4.5 51.6 3M 108 Barpya
        7,662 words
      • Article, Illustration
        Lock icon Shares plunge on foreign selling
        401 15 AFP Q Composite Index-2&98 MALAYSIA'S key stock index slumped yesterday as a two-day rally fizzled out on selling by foreign investors amid a weak ringgit and regional market falls. "Foreigners emerged as major sellers after two days of sharp rise," an institutional dealer with a
        AFP  -  401 words
    • WARRANTS&OPTIONS
      • Article
        Parkway: watch out for expiry
        181 16  -  WARRANT WATCH -By Ven Sreenivasan WHILE conversion premiums and gearing are important elements that determine whether a warrant is worth picking up, these factors in themselves may not be enough to evaluate the instrument. Let us have a look at the warrant of Parkway Holdings,
        181 words
      • Article
        Untitled
        3118 16 •ONOS. LOANS ft WAMANTS wt Lift Vo4 D«v Last Quota Avg High Law Stna Ctmwy Sal* ♦of- COOO) High Law Buyer Htm Prlca 23.5 8 m 3000 m AMDS c5.5%*****6 10.5 7.5 10.5 20.5 3 3160 A Acar ******1 USS 4 2 4J 9S 6 3164 Acma ******4 8 unch
        3,118 words
    • Article
      CLOB INTERNATIONAL
      1567 16 Transaction date Aug 21 luiArsua stocks a i c y P 7 si135 28 m s 5000 AISB 50c 54 -2 1635 64.5 47.5 53.5 54 5.0 ***** c Ci E 5 295 a? 60 8.5 ms 5003 Amst»«50c n.5 *0.5 144 115 10.5 11 1t5 10o" 30
      1,567 words
    • Article
      MAIN BOARD
      5045 17 Transaction dale: Aiu; 21 j Gr Or M Wt **M Last Vol Day Last Oust* Mv Mv VM Nat Cap Av« M>» La» StNa ClipM| Ilk fOOO) High La. Bwyar laBar C'w P/E Mil Ww MDUSTMAU 43 as 1020 ACE Dynamicj20t._. 12 -1 SO 12 12 I1.S 13
      5,045 words
    • Article
      SESDAQ
      1001 17 n**"** 1 u2 nxwi c j% pX J£ 134 50 2000 ABRHidgsSc 773Ti 26 rrs 70 75 tt! 1 1 ITT 2 48 5 llw 5 49 50 X0 4.7 sJ 4? *> rissrsssz? *si "if" 260 M .2001 AsiamatrtaSOc 134 Hi 1M 2 36 7J s ii^JSTJ^EzziJ 5
      1,001 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        213 18 Stacks Volume •M Resources 18.620,000 •North Borneo 13,991,000 •MBf Capital 13.759,000 •Renong Bbd 50c 7.223,000 •RHBCapBhd 7,190,000 DBS Land 5,798,000 City Oev 50c 4,952,000 Keppei Corp 4,821,000 •Landt General 4,293,000 STEngglOc 4,037,000 Stacks S City Oev 50c 18,493,310 (JOB Foreign 18,073,614 SJA Foreign 13.264,836 SPH 13,196,636 •North Borneo 12,927,690 OCBC
        213 words
      • Article, Illustration
        HOT STOCK
        64 18  -  -by Shiv Taneja KEPPEL Corp closed 9 cents higher yesterday at $1.83 on a volume of 4.8 million shares, compared with its 10-riay traded average of 2.6 million shares. The daily RSI and Stochastics indicate that there could be some more upside in the near term. However, for
        64 words
      • Article, Illustration
        Lock icon Rate cut rumours revive shares at eleventh hour
        651 18  -  STOCK MARKET COMMENTARY Property counters benefit the most; bat observers see no concrete recovery in the short term; Clob stocks slide in line with ELSE Hu Ven Sreenivasan [SINGAPORE] The local bourse jumped to life during the last 10 minutes of trading
        Chart info from Bridge  -  651 words
      • ON THE GRAPEVINE
        • Article
          Changes at Tsang & Ong?
          135 18 Changes at Tsang Ong? WE hear rumblings of shareholding changes at Tsang Ong Stockbrokers Pte Ltd. The Arm currently has no clear majority shareholder. According to Registry of Companies and Business records, it is owned 38.25 per cent by Pagsan Investments Pte Ltd, a company controlled by Kwek Leng Bong's
          135 words
        • Article
          New age banker at Citi
          107 18 SUNIL Sreen 1 vasan, who will soon replace Shezad Naqvi as country officer for Citibank in Singapore, isn't your typical, old-fashioned banker. He plays the guitar, and is resolved to master the flamenco guitar, he told Euromoruy, a London-based banking magazine. "1 have more CDs
          107 words
        • Article
          Trumpeting a new service
          108 18 CIRCLE Concord, a logistics company, has trumpeted the formation of its new Special Commodities Division with a big move, literally. It has transported the first elephant from the Singapore Zoological Gardens to Rotterdam Zoo in The Netherlands. Palong. the five-tonne, 11-year old male, made hie journey
          108 words
        • Article
          Bouncing back?
          129 18 ONE rubber trader spent almost the whole day talking about stocks yesterday and we mean the stocks on the stockmarket rather than rubber stocks. The rubber market is 1 in such a lethargic state that the trader 1 said the only thing that is keeping him going—at work—is
          129 words
        • Article
          No cover for Viagra
          8 18 .§>•>• A s J.' -W
          8 words
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      64 14 f Hello? I'm calling /(josh, you'reX mBO happy I your advertisement in great...just like m y P et through The Straits Times Classified... 1 I the ad J I Str aits Times Classified. J you still have the puppy... Jj csc B°' n B to take real goo^^p Buyins or
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      64 16 f calling about See...l f Ph e carc j we re I the computer 1 I you this was a J making for Susan V T ad ertlsed ,n /^^AXi}N\w good deal > Yu P, we got what V is going to be J pw-4 erec^in t^le > Buying or
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      27 17 bouquet of flowers miss.^f ji i (^^^K~ A Buying or selling through MBSKtmbil K±V The Straits Times Classified is child's Play. i—l, Call CAT.S. at 1800-737-1166.fi I
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      649 18 BUSINESS of ices TO ADVERTISE CALL TOLL-FREE 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT (CAP. SO) AND IN THE MATTER OF GCMUNES PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant lo Section 308 of the Companies Act, Cap. 50, the
      649 words
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      Page 18 Advertisements Column 2
      139 18 travels fast c> IN SINGAPORE, when you want to reach out to a Ship Sales k Tanker Rates. Aircraft Arrivals select target audience in the transport and logistics Departures. Regional Weather Reports. Local Ships in industry, only one daily offers you the advantage Port Update, an Export/ Import Shipping Guide
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      Page 18 Advertisements Column 3
      78 18 f 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 a toppingout ceremony. It's another
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Healing in more ways than one
      1734 19  -  Acu T, naturopathy, reflexology, Reiki... the list seems endless, pabvathi makayam looks at the proliferation of alternative therapies in Singapore PARVATHI NARAYAM LIKE most trends in Singapore, it hovers near the fringes of your mind, and then suddenly it seems to be everywhere alternate,
      1,734 words
    • STRAWS In The Wind
      • Article
        No stain, no gain
        75 19 A LONDON cleaning service has already capitalised on the riveting Clin-ton-Lewinsky saga. It took out a newspaper advertisement with a picture of Lewinsky and the caption: "Come Clean, Monica." Incidentally, Boy George, who was on the David Letterman show a couple of nights ago, was fascinated,
        75 words
      • Article
        In other words, get lost
        101 19 WITH the looming recession and the hunt by company managements for greater efficiency (along with its implied cutbacks and layoffs), performance appraisal time may be fraught with tension. But even in a bad year, let's hope none of these evaluations appear on anyone's forms: This
        101 words
      • Article
        Strip and run
        56 19 A THAI masseuse ran off with her client's belongings which were left in the room unattended. Snatching 175,000 baht worth of valuables, she raced out of the parlour and into a taxi wearing nothing but a towel. She probably figured she'd be able to buy herself a
        56 words
    • VIEWPOINT
      • Article
        Here's one confession the spin doctors didn't write...
        795 20  -  Off the cuff He was the hottest thing on CNN since 0 J Simpson, and his speech reached no less than 5.4 million households. Bnt what was Bill Clinton really trying to say? by Jaime Ee BILL Clinton's "confession" will no doubt
        795 words
      • Article, Illustration
        Lock icon A calculated risk that paid off
        616 20  -  Peter Tan of Ho Lee Development, a main contractor for HDB flats, talks about what it takes to make it on your own By< Audrey Tan BUILDING contractor Peter Tan believes that hard work is the only foundation for a successful career. The 61-year-old
        ARTHUR LEE  -  616 words
      • Article, Illustration
        Lock icon The tricky business of saying 'I'm sorry'
        882 20  -  jambs p pinkbrtom looks at good and bad contrition speeches in American politics JAMES P PINKERTON LAT-WP Most people, even lucky people, run out of luck before they run out of life. Incumbent politicians are, by definition, lucky. But nobody's lucky forever. As
        LAT-WP; FILE PHOTOS  -  882 words
    • STYLE
      • Article, Illustration
        Bond's Spanish retreat
        460 21  -  Sean Comiery's, that is. And it's yours for USs9m. jazme be spies out the land JAIME EE IF YOU harbour secret Bond-like ambitions but lack what it takes to be a bona fide spy, do the next best thing buy his house. Sean Connery's house, that is.
        460 words
      • Article, Illustration
        Hunting for heliconias
        606 21  -  GARDENING These luxuriant plants help transform any staid garden into an instant tropical paradise By' Thien BONANZA! Half a year after we planted our new giant heliconia, which at 12-15 feet is as tall as a banana tree (to which it is related), we were rewarded with
        606 words
      • Article, Illustration
        Sleaze with a twist
        771 22  -  CINEMA Here's more to making dirty movies than meets the eye. Boogie Nights goes behind the scenes to expose the postering and the pec&dilloes By I Susan Taang BOOGIE NIGHTS is a delicious foray into the pornographic industry during its heyday in the late '70s, and
        771 words
      • Article, Illustration
        Teddy bears, tea breaks and world domination
        834 22  -  CINEMA While some may be less than happy with Ralph Fiennes in the movie version of The Avengers, there's no denying that director Jeremiah Chechik has caught well the eccentricity of the TV series By I Susan Taang THE A VENGERS is another
        834 words
      • Article, Illustration
        Lock icon Saving the seahorses
        489 23  -  CONSERVATION Rather than wait for them to become extinct, a marine biologist has come np with a novel way to torn their human foes into friends By a Anna Teo ANYONE who has spotted seahorses underwater knows what a prized sight they are there's just something mythic
        FILE PHOTO  -  489 words
      • Article, Illustration
        WHAT'S ON
        392 23  -  Compiled by M Yasotha PAMCB Induction The Dance Ensemble Singapore aims to bring in and induct foreign dance professionals into the local Chinese dance scene. The evening comprises 10 dance items, showcasing the works of American, Chinese and Singaporean choreographers as well as dancers. Aug 31 and Sep
        392 words
    • MOTORING
      • Article, Illustration
        Lock icon A runaway success in Japan
        631 21  -  That's the Toyota Corolla Spado, with its eye-catching babble-shaped design, functionality and exceptional visibility By < Christopher Tan TAKE your everyday sedan, shave 20cm from its length, raise its roof by 25cm, and throw in a flexible seating arrangement. Voila, you have the foundation for
        CHRIS LOH  -  631 words
    • EPICURE
      • Article, Illustration
        Lock icon An Italian with few pretentions
        698 24  -  Forget the glossy decor and fancy ingredients. Peperoncino serves up simple, earthy fare that's so good you'll soon forget the Naples-via-Chua Chu Kang backdrop, says jadce be JAIME EE AT PEPERONCINO, a new Italian eatery at the also new Robertson Walk, they like to tell
        PHOTOS BY SIEW YAW HOONG  -  698 words
      • Article
        Long life salad
        149 24  -  Compiled by Tan Su Yen SOME winning items on the menu never lose their sparkle. Just ask executive chef Yasuo Yamaguchi of Japanese restaurant Unkai at ANA Hotel on Nassim Road. Twenty years ago, when Chef Yamaguchi joined the restaurant, he created a green salad. Today, the
        149 words
      • Article, Illustration
        Lock icon What a great way to start the day
        616 24  -  CAFES Order the breakfast special and a cafe an lait at An Ben Pain. Ton won't regret it By 1 Tan Su Yen ANYONE looking for signs that Singapore is fast turning into a "cafe society" need only contemplate the short stretch
        FILE PHOTO  -  616 words
      • Article, Illustration
        Shaker set that comes with the territory
        162 24 CRAVINGS EAT lunch surrounded by early American charm at home furnishings store Pennsylvania House. Best known for its Shaker-inspired furniture, the store recently opened a 65-seat restaurant, Pennsylvania Country Oven, at its Tanglin Mall branch. The restaurant is running a chicken extravaganza promotion
        162 words
      • Article, Illustration
        Latte on the move
        110 24 PENNY-WISE coffee lovers take note. The Gourmet Bean at Crossroads Cafe in The Singapore Marriott Hotel is offering iced and hot coffee for lower-than-standard hotel prices. Iced coffees in the $3 price range include iced mocha and iced cappuccino while hot brews include double espresso and
        110 words
      • Article
        Upside of the economic downturn
        897 24  -  WINE CONNOISSEUR Less money to spend on expensive wines? That may actually be a good thing By\ N K Yong I WAS talking to a restaurateur friend of mine and the subject of the effect of the current economic downturn on wining and dining habits
        897 words
    • Article, Illustration
      CINEMA
      690 25 Amanda and the Alien. Wacky sci-fi caper. Clementi. Armageddon.An oil driller (Bruce Willis) is mankind's best hope against an asteroid on collision course with earth. Lido, Changi, Republic, Jurong, Woodlands, Choa Chu Kang, Chinatown, Century, Hougang, Orchard, Cathay, Eastpoint, Riverside, Empress, Jubilee, Whitesands, Toa Payoh, Princess, Clementi, Bugis, Beach
      690 words
    • Article
      ENQUIRIES AND BOOKINGS
      125 25 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 PiCturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Qoldan Village Bedok 443-2405 Bishan 353-8885 Boon Lay 792-2788 Broadway 454-9394 Majestic 533-9032 Marina 337-9488 Pavilion 786-5788 Tampines 8 786-5788 Tiong Bahru 274-6588
      125 words
    • TRAVEL
      • Article, Illustration
        Lock icon Subterranean culture
        1329 26  -  Ask the people in Punkahaiju, Finland, where you can catch a good concert or art exhibition, and chances are they'll direct vou underground There m vast man-made caverns of the Retretti Arts Centre, p t yam enters into Deep Sleep and discovers the joys of a Secret Garden
        P Y VAN  -  1,329 words
      • Article, Illustration
        Lock icon Helsinki for those in a hurry
        379 26 ONE afternoon does not seem like much time, but when the sun is shining and half the population of Helsinki seem intent on sipping coffee on the sidewalks, ducking into a shopping centre or bookshop can seem like rather criminal behaviour. Hopping onto a
        PHOTOS BY P Y VAN FOR BT  -  379 words
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      7 19 Style Sean Casa yours USs9m EL 3
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  • Page 20 Advertisements
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      39 20 Enterpriser is an annual ranking of the top 50 privately-held Singapore companies, organised by BT and Andersen Consulting with the support of the Economic Development Board. This is the 10th in a series of newcomers to the E5O list.
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  • Page 22 Advertisements
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      25 22 I Such a market -for choice jobs, 1 -fresh every day j Any job. any Career. Available any Day. Any Time, anywhere. Singapore Press Holdings
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 2
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  • Page 25 Miscellaneous
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      1841 25 TODAY'S TV Premiere 12 jmMI My Little Pony. 10.00 AM Response TV. 4.00 Pencipta 12.00 NN TV Innovations. A' W«Sn i t jy|Hi 440 Kawan Haiwan LOO PM 1998 Summer X- i t I 5.00 Denver. The Last DinoGames ifIKL I sbut 2-00 Open9B i S;. SinBaP re HK, J
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      251 25 RADIO Shadow Boxing On The Path experience of the conflict in To Nirvana, BBC, Saturday, Algeria. Mahmoud's idealism L3opm has cost him his job and, as he A guide through the religious visits his father's grave, he and spiritual dimensions of feels there is no hope for him martial arts.
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