The Business Times, 19 September 1998

Microfilm: NL21223
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Masthead
    14 1 MITA (P) 110/12/97 85* The Business Times SINGAPORE Internet: http://buslness-times.asial.com.sg/ WEEKEND EDITION, SEPTEMBER 19-20,1998
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  • Article
    MARKET SUMMARY
    64 1 Dm.74 (.28.68) niMB ki 388JI (-17.36) nvroovp mM 71MB (-17.51) nsDßoinmjiEß mm laiao (-2.7) wwi ■mar graces Friday Change KLSECO*P_ MM ML75 NIKKEI lU0Lll_+iaj6 BANG SENG 7,44M6__ -190.61 set index ssiJi >lm JAKARTA 00MP 171.«7 -1181 MANILA COMP 1,174jS1 HO TAIPEI WPI MSl.Tf -Ml7V SEOUL 00MP MU1 -&§7
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  • Article
    FINANCE
    70 1 FOKBXBATEB U8$ 8S UBt 1.710 £(U8S/8Sper2) 1.883 UD DM 1.IH LOU TEN tas.1 1JQS* KM UN 0.461 HKt 7.748 0m BAHT 40.61 8.042 MJPIAH liOJH 0.016' *Bsmmmrn nonius 8INQAP0RE* m KUALA LUMPUR 11.60 JAKARTA J8.00 RAN0KOK 14.76 MANILA AM BONO MONO 10.26 TAIPH 8.80 8YDNBY Jk 46 TOKYO 100
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  • Article
    SES apologises for not acting sooner over Clob
    657 1  -  It says it shonld've acted earlier to allay fears that shares would be worthless By' Ven Sreenivasan [SINGAPORE] The Stock Exchange of Singapore yesterday apologised to investors for not acting sooner to reassure them after Malaysia took measures against Clob International, Singapore's
    657 words
  • Article
    Bank Bumiputra stuns with RM1.4b loss
    790 1  -  RM2.5b provisions drag down capital adequacy ratio From, Meera Tharmaratnam in Kuala Lumpur BANK Bumiputra Bhd, Malaysia's second-biggest bank, yesterday shocked the market with losses of 1.4 billion Malaysian ringglt (***** million) and loan provisions of RM2.5 billion which sliced its capital adequacy figure
    790 words
  • Article
    Lock icon US House says no to USslBb for IMF, okays only US$3.4b
    641 1 Clinton's request denied; sum approved will cover US share of emergency fond Reuters [WASHINGTON] In a blow to President Bill Clinton, the US House of Representatives on Thursday approved just US$3.4 billion (Sss.B billion) for the International Monetary Fund,
    Reuters  -  641 words
  • Article
    NWC likely to recommend CPF, bonus cuts next month
    614 1  -  Cutting of other business costs being looked at: Yock Snan By < Carol Eng [SINGAPORE] The National Wages Council is likely to propose a cut in employers' Central Provident Fund contributions on top of cuts in the variable component of wages
    614 words
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      Page 1 Advertisements Column 1
      123 1 mama PAL shntdtwn fears The Philippine Airlines' planned shutdown on Wednesday stemming from labour problems could plunge the banking industry into its worst ever crisis, analysts warned yesterday, Pf 3 LTCTs fate Japan's ruling party and key opposition blocs yesterday clinched a hardfought deal to fix the nation's ailing banking
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      Page 1 Advertisements Column 2
      196 1 Making tha transfer SES says the transfer of shareholder data to the KLSE is expected next week, Pfl 10 An illusion The immediate effect of controls can be relief from the strain of meeting obligations and a temporary NHBHI sense of well-being. This is an however Fed chairman Alan Graanapan
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      40 1 Soharto probe hits stocks Ar? [JAKARTA] A broker rising from behind his computer at the stock exchange here yesterday. Stocks dived 4.8per cent yesterday on renewed fears that the probe into ex-president Suharto's wealth may trigger new chaos. Fn!lrap«rt,Pf 7
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Mobil, S'pore govt to build US$800m ethylene cracker
      667 2  -  Bat final decision awaits sales deals with downstream customers By. Ronnie Lim IN what is seen as a "tentative go-ahead", Mobil Corporation and the Singapore government yesterday announced they will jointly build a US$BOO million (551.37 billion) ethylene cracker here once they
      FILE PHOTO  -  667 words
    • Article
      SMEs to get help from $26m relocation assistance plan
      270 2  -  Firms moving to new estates can upgrade at the same time By* Carol Eng THE government has set up a $26 million programme to help small and medium enterprises (SMEs) upgrade their operations when they move to new premises. Called the
      270 words
    • Article
      Lock icon SM stands by his accounts of former KL leaders
      501 2 The Straits Times SENIOR Minister Lee Kuan Yew said yesterday that he stands by the accounts in his memoirs of former Malaysian leaders Tun Abdul Razak Hussein and Syed Ja'afar Albar. He was responding to two Malaysian ministers who took issue
      The Straits Times  -  501 words
    • Article
      Schenker mega-hub to contribute $15m to annual turnover
      254 2  -  By] Eugene Low GERMAN freight company Schenker International expects its new regional logistics centre here to contribute an additional $15 million to its annual turnover. So despite the depreciating regional currencies, this will help it to maintain revenues this year at about
      254 words
    • Article
      Keppel, Tat Lee banks trim prime to 7.5%
      175 2 KEPPEL Bank and Tat Lee Bank yesterday lowered their prime lending rate by 25 basis points to 7.50 per cent, effective today. Both banks are still operating as two separate entities until December, when Tat Lee's operations will be merged officially into
      175 words
    • Article, Illustration
      Lock icon All economic indicators but one either down or dismal
      757 2  -  E7E ON THE ECONOMY Fortnightly wrap-up By, Anna Teo IF there were an outright measure of economic sentiment in Singapore, it would probably be at an all-time low now and still dipping. With just about one exception, the indicators released over
      Source:  -  757 words
    • Article, Illustration
      Former Sing Tech director joins Temasek
      184 2 SISWARAN, MP for West Coast GRC, has left Singapore Technologies (ST) to join the government's main holding company, Temasek Holdings. As senior vice-president, he now oversees Temasek's direct investments in manufacturing and the region. The appointment was effective from Sept l. Mr Iswaran, 36,
      184 words
    • Article
      All URA divisions under one roof
      200 2 THE Urban Redevelopment Authority (URA) will centralise all its offices at the new URA Centre at 45, Maxwell Road, starting from the end of this month. All the various URA divisions, currently based at three locations the Golden Shoe Car Park, the Ministry of
      200 words
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      14 2 Buy It. Sell It. Find It. Classified. CATS. Call Today For Results Tomorrow. 1800-*****66
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      Page 2 Advertisements Column 2
      35 2 Every other Saturday, the daily Eye on the Economy column takes an expanded look at recent or upcoming indicators Impress your <£©<£/? Maadi aa iafaraifia) tai^at. r««4 Cats' Mews la tiidif Cltitifiri (hit (mImI. 4* CATS.)
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Mexico's Cemex to buy 14% of Semen Gresik
      513 3  -  At US$l.3B a share, purchase price is at 112% premium to the market From I Shoeb Kagda in Jakarta INDONESIA'S ambitious privatisation programme may not be fully realised by the March 1999 deadline, but it received a fillip with the government yesterday
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    • Article, Illustration
      Lock icon PAL shutdown will spark banking crisis: analysts
      529 3  -  It owes 7 local banks about USssoom, excluding interest From< Al Labita m Manila. THE Philippine Airlines' planned shutdown on Wednesday stemming from labour problems could plunge the banking industry into its worst ever crisis, analysts warned yesterday. PAL owed seven local banks
      REUTERS  -  529 words
    • Article, Illustration
      Lock icon China's central bank official quashes rate cut hopes
      451 3  -  By\ Lu Ning {SINGAPORE] A senior official of China's central bank has dashed hopes of an imminent interest cut that has been driving up China-relat-ed stock prices in Hongkong since the beginning of the month and predicted that deflation in the country
      Source BT calculation  -  451 words
    • Article
      Lock icon Current a/c surplus of RM20b seen
      136 3 Reuters [KUALA LUMPUR] Malaysia is set to chalk up a record current account surplus of 20 bUllon Malaysian ringgit (Ss9 billion) in 1998, Deputy Finance Minister Affifuddin Omar said yesterday. Rising exports and decreasing imports would generate the surplus, he was quoted as saying
      Reuters  -  136 words
    • Article
      Lock icon 13 of 14 Indon banks repay liquidity credits
      244 3 AFP [JAKARTA] Thirteen of 14 troubled Indonesian banks have paid back the liquidity credits they received from the central Bank Indonesia (BI) ahead of a Sept 21 deadline, a report said yesterday. "Thirteen problematic banks have already handed over assets worth the
      AFP  -  244 words
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      140 3 s/ Now, whertv« you access of 15-Month Contribution History. if ft. 3. Statement of Available (Afl)E»ij|ef<l* f y jESPk^IS "S < V t-' ~-~**&$&l All you have to do is key in your CPF Account number and your 8-digit PAL PIN (Personal Identification Number). For more information, visit our website
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        587 4 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, Deutsche Morgan Grenfell, Fraser, GK Goh, ING Baring, Kay Hian, Kim Eng, Merrill Lynch. Maroo Polo Develonmentx ♦(Hold) IndosuezWCarr, $0,875, Sept 18 With Marco Polo now calling for the next 10
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      • Article, Illustration
        In my opinion
        487 4  -  Hans Goetti Vice-president Citibank Private Bank HE 20 per cent correcI tion seen in the US eq_L uity market this year has given rise to concerns that the bull market that started in October 1990 may have finally come to an end. What next? Perhaps the best
        487 words
    • Article, Illustration
      Lock icon S'pore stocks set for revival
      806 4  -  Emaciation of Clob among factors. But it won't be an easy ride as fundamentals are still weak, says a research chief By\ Shiv Taneja [SINGAPORE] THERE are lots of good reasons why there ought to be a sustained revival in local stocks the emaciation of
      FILE PHOTO  -  806 words
    • Article
      Thai privatisation plan a half-hearted idea
      829 4  -  EYE OH THE REGION: THAILAND Govt bid to dictate policy after sell-off will hurt programme From, Harish Mehta in Bangkok THAILAND'S ambitious masterplan to privatise its big state firms faces one obstacle: the masterplan itself. Chances are that some of the state firms may
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    • Article, Illustration
      Lock icon Local penny stocks likely to see volatile ride
      851 4  -  STOCK "FV Bounce may have more to do with increased liquidity than major changes By] Lois Beckerling (SINGAPORE] Punters denied access to trading Malaysian counters on- the Clob market have turned their attention to local penny stocks. If there is a lesson
      Source: bernama  -  851 words
    • Article, Illustration
      Want access to thousands of unit trusts worldwide?
      712 5  -  Lloyds' new investor service may be of help if locally-authorised funds are not your cup of tea By\ Shiv Taneja [SINGAPORE] HOT on the heels of its savings plan for its unit trust portfolio service; Lloyds Bank has soft-launched another investor service
      712 words
    • Article, Illustration
      Lock icon Unit trust fees: be aware of effect on your returns
      322 5  -  By\ Shiv Taneja [SINGAPORE] Fund managers are quick to tell investors not to focus on fees, but on returns, when evaluating unit trusts. Fair enough, but when returns become things of the past, as they have of late keeping a
      Source:  -  322 words
    • Article, Illustration
      Lock icon Learn to manage risk in your investments
      820 5  -  An investor has to weigh a variety of factors like sector, region, currency and use one's judgement By I Stella Chua The writer is divisional director with Schroder Investment Management. THE recent volatility of regional stock markets has highlighted the importance of introducing
      Source:  -  820 words
    • Article
      Balanced funds offer a way out of doing your own asset allocation
      481 5  -  These fands are into stocks and bonds, combining high growth with solidity Byl Shiv Taneja [SINGAPORE] Ideally, investors should do their own asset allocation before making investments but if they don't, or can't, investing in balanced funds could
      481 words
    • Article, Illustration
      Lock icon Fund profile
      334 5 Compiled by BT ln vestment objective To achieve long-term capital growth by investing in companies mainly involved in exploration and production of precious metals like gold, silver and platinum. Investment style A combination'of sector (top down) and securities selection (bottom-up). On a macro-level,we focus on demand and supply
      Compiled by BT; Source:  -  334 words
  • Page 4 Advertisements
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      39 4 This column is not intended as an inducement or recommendation to buy or sell any of the shares mentioned Whilst BT/SPH has exercised due care with the information, BT/SPH disclaims all responsibility for any loss that may be incurred
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  • Page 5 Advertisements
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      92 5 Buy It. Sell It. Find It. Classified. CATS.] 1800-737-1166 Call Today For Results Tomorrow. G 'Bull runj ock22i pas rß s Chu<: Lee Hoonq o1 Pasir Ris is riding high. His unit trust [)ortfolio has appreciated by 21". to over $30.00(1 f-oilov, the fortune s of Lee (oonq ant) the
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      Page 5 Advertisements Column 2
      24 5 Sound Us Out First JflUSf ATLAS HI-FI PTE LTD ~01 1 16 124 Suntcc City M.UI (Toivet Two) Tel 339 0966 F.i« 336 4678
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  • FOCUS
    • Article, Illustration
      Lock icon Greenspan warns against insulation
      2399 6 When domestic financial systems fail, the solution lies in strengthening domestic institutions and not a return to capital controls US Federal Reserve chairman Alan Greenspan's testimony before the House Banking Committee on Wednesday upset global equity markets this week. Here is a slightly abridged version of
      REUTERS  -  2,399 words
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  • REGION
    • Article
      Lock icon Brunei paves way for direct elections
      302 7 BANDARS BEGAWAN AFP OIL-RICH Brunei, where free elections were last held 36 years ago, is crafting a set of political reforms aimed at promoting democracy in the Islamic kingdom. A panel has been set up by Sultan Hassanal Bolkiah, the powerful ruler of the
      AFP  -  302 words
    • Article
      Lock icon Graft probe widening, will cover ex-ministers including Habibie
      380 7 JAKARTA Officials who served under Suharto to provide details of wealth Reuters [JAKARTA] An investigation into corruption in Indonesia, already closing in on former president Suharto, is being extended to ministers who served under him, including President B J Habibie, officials said
      Reuters  -  380 words
    • Article, Illustration
      Lock icon Surabaya workers in rally for more pay
      278 7 SURABAYA Reuters MORE than 2,000 workers marched on the provincial parliament building in Indonesia's second city of Surabaya yesterday to demand higher wages. The demonstration was watched by hundreds of police and troops but ended without any clashes. Protesters called on the provincial
      Reuters; AFP  -  278 words
    • Article, Illustration
      Lock icon Anwar urges Mahathir to resign in open challenge
      506 7 ■KUALATRENGGANU Ex-DPM makes call in address to crowd 0f3,000 supporters Reuters SACKED Malaysian deputy premier Anwar Ibrahim yesterday called on Prime Minister Mahathir Mohamad to step down in his first open challenge to his former mentor and Asia's elder statesman. "I would
      Reuters; AFP  -  506 words
    • Article
      Lock icon Retirees in Wuhan in sit-in over unpaid pensions
      239 7 BEIJING AFP HUNDREDS of retired Chinese workers demonstrated in the central city of Wuhan yesterday demanding several months of unpaid pensions from their employers, a prominent activist said. "There have been several hundred pensioners sitting in at the China Number-One Metallurgical Company
      AFP  -  239 words
    • Article
      Lock icon India extends licence period for cellular firms
      242 7 NEW DELHI Demand for mobile phone services hasn't picked up Bloomberg INDIA extended the duration of licences for new cellular phone companies to 15 years, from 10 years, after those in the fledgling industry said demand for mobile phone services hadn't picked up
      Bloomberg  -  242 words
    • Article
      Lock icon Chinese daily, TV team up to expose corruption
      144 7 BEIJING AFP TWO state-run media giants, the People's Daily and China Central Television, have been ordered to work together to expose official corruption, reports said yesterday. "Reporters from the two press organisations will probe into social dilemmas and hot issues and report
      AFP  -  144 words
  • Page 7 Advertisements
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      67 7 I I Your morning paper at 3am. I If you reside or work at Bukit Timah, Holland I or Shenton Way, you can now receive your I personal copy of The Straits Times at 3am. At I a special delivery fee of just $30* per month! I For more enquiries,
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  • REGION/WORLD
    • Article
      Lock icon Key Japan parties reach deal on bank cleanup and LTCB
      530 8 TOKYO Finance ministry to be stripped of policy powers; LTCB to be under state control Reuters JAPAN'S ruling party and key opposition blocs yesterday clinched a hard-fought deal to fix the nation's ailing banking sector and put one of its
      Reuters  -  530 words
    • Article
      Lock icon Clinton videotape to go public
      172 8 WASHINGTON Bloomberg THE US House Judiciary Committee has voted to release the videotape of President Bill Clinton's grand jury testimony on his relationship with former intern Monica Lewinsky. It also voted to release about 2,800 pages of documents that formed the appendix to Independent Counsel
      Bloomberg  -  172 words
    • Article
      Asian state-sector muscle growing: Perc
      485 8  -  By, Audrey Tan [SINGAPORE] Singapore rates second in the region, after Hongkong, in having the least state-dominated economy. But the government's influence has steadily increased over the last three years, said the Political and Economic Risk Consultancy (Perc). In a report on Asia's "growing state
      485 words
    • Article, Illustration
      Lock icon Street-wise campaigning
      46 8 [SYDNEY] Australian senate candidate David Mouldfield (left) with fellow political aspirant Paul-lan Handsome Handpuppet make a street appearance at Manly near Sydney yesterday. Mr Mouldfield and Mr Handpuppet are actors who are satirising the anti-immigration stance of Pauline Hanson s One Nation party. AFP
      AFP  -  46 words
    • Article
      Lock icon Russian currency plunges another 11% in a day
      325 8 Moscow Rouble is 82% lower since govt removed US$ peg a month ago AFP THE rouble plunged another 10.9 per cent yesterday to an official central bank rate of 16.38 to the US dollar to cap a miserable week in which the
      AFP  -  325 words
    • Article
      Lock icon No joint G7 plan on rates, Fed official confirms
      317 8 KANSAS CITY Reuters A UNITED States central banker on Thursday confirmed major nations did not plan to take joint action to prop up the sick world economy but kept open the door for interest rate cuts by individual central banks if
      Reuters  -  317 words
    • Article
      Lock icon Plan to review debt default praised
      297 8 MOSCOW AFP RUSSIA'S new economic vanguard earned praise yesterday for its plan to re-charge the paralysed banking sector by reviewing last month's brutal debt default which brought the financial sector to its knees. Economists and banking experts said the plan, under which the central
      AFP  -  297 words
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      62 8 A brutal epiewitieh wages war with the emotions Hone Kim lloli. i it El 'The most realistic i j frar movie ever made, naked honesty... Machine guns will be brutal. rattling in your head iSTEtffi SPIELBERG torn hanks saving private ryan edward burns matt damon tom sizemore the mission is
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      Page 8 Advertisements Column 2
      24 8 Feeling out of your depth: when it comes to aquarium care? Keep afloat with Aquariums, every Saturday in o The Straits Times Classified. cats.
      24 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      139 8 CRYPTIC CROSSWORD structor (8) TXQmi 13 Look over returning craft YESTERDAY'S SOLUTION set for smuggling (10) i. teieii .icMaial^plaiai»ivici 1 Front of cafe possibly ac- A mE 15 A moulded dessert may be t^m commodatingalargenum- insisted on (8) LflggfeflW 2 Stays for a group of out- 16 Greek flghter emi
      139 words
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  • Companies & Markets
    • Article
      SPH shareholders give nod to capital reduction
      476 9  -  Company to consider share buy backs when appropriate law is in place By] R Sivanithy [SINGAPORE] Singapore Press Holdings (SPH) shareholders yesterday voted overwhelmingly in favour of reducing the company's capital by 10 per cent and were told that the company will consider
      476 words
    • Article, Illustration
      Lock icon Aztech posts interim net loss
      233 9  -  By Wong Wei Kong [SINGAPORE] Aztech Systems has swung to a net loss of $11.1 million in the first half of 1998 from a net profit of $1.06 million a year ago, due to a sharp decline in sales and an inventory charge of $2.3
      FILE PHOTO  -  233 words
    • Article, Illustration
      Lock icon Wide bank margins may mean more cuts in interest rates
      727 9  -  HOCK LOCK SIEW Louis Beckerling ■■■HHE Singapore stock mary should be in line for a H shot in the arm from a big fall in interest rates. EiH ther that happens and I soon—or local banks will risk raising I
      Source: Bloomberg  -  727 words
    • Article
      HPL $43m in the red, hit by $35m extraordinary loss
      471 9  -  PROVISIONS GALORE Provisions against foil in asset, investment values By' Wong Wei Kong [SINGAPORE] Hotel Properties has been hit with a loss of $42.7 million in the first half of 1998, after suffering an extraordinary loss of $34.9 million as
      471 words
    • Article
      Liang Court posts $13.7 m interim loss
      426 9  -  By] Eugene Low [SINGAPORE! Liang Court Holdings Ltd has plunged into the red with a $13.7 million loss for the half year ended June 30. It made net earnings of $7.6 million in the same period last year. Turnover also fell, down 17
      426 words
    • Article
      Shangri-La interim profit plunges 72% to $3m
      290 9 [SINGAPORE] Shangri-La Hotel yesterday announced a 72 per cent plunge in interim profit to $3 million, with bottomline losses at $24.9 million resulting from $28 million in provisions for a fall in value of long-term investments. Group turnover fell 20 per cent to
      290 words
    • Article, Illustration
      Lock icon Venture Mfg posts 40% rise in interim profit to $22m, sees strong 2nd-half
      481 9  -  STILL BUCKING THE TKEMD Strong cash balance to fond investments and acquisitions By. Annette Pan [SINGAPORE] Mainboardlisted Venture Manufacturing yesterday said it expects an "acceleration" of secondhalf revenues from new businesses and products on top of the
      ARTHUR LEE  -  481 words
    • Article
      Asia Food sells US asset for US$93m
      156 9 [SINGAPORE] Asia Food Properties (AFP) yesterday said it is selling its US Octagon group for U5592.6 million (*****.1 million) in cash. The mainboard-listed company, which is trying to trim its heavy borrowings, said the sale of Octagon follows the disposal of most of
      156 words
    • COMPANIES
      • Article
        SES expects to transfer Clob data to KLSE by next week
        490 10  -  CDP preparing tapes containing details of beneficial shareholders By' Ven Sreenivasan [SINGAPORE] The Stock Exchange of Singapore expects to transfer data regarding beneficial owners of Malaysian Clob-traded shares to the Kuala Lumpur Stock Exchange (KLSE) by next week. SES
        490 words
      • Article
        Press statement from Stock Exchange of Singapore
        1223 10 1 Letters and articles in the press have asked why the Stock Exchange of Singapore (SES) did not suspend trading on Clob immediately after the Kuala Lumpur Stock Exchange (KLSE) announced its control measures on 31 August, and why the SES did not
        1,223 words
      • Article
        M'sia's Yeo Hiap Seng reports 70% plunge in interim profit
        314 10  -  From, Ruth Wong in Kuala Lumpur FOOD and beverage maker Yeo Hiap Seng (M) Bhd posted a lower-than-expected group net profit of 4.42 million Malaysian ringgit (Ss2 million) for the first six months ended June 30, 1998, or a 69.7
        314 words
      • Article
        Pidemco Land, ING unit in property venture
        157 10 [SINGAPORE] Pidemco Land plans to ink a joint venture agreement with Dutch property company ING Real Estate on Monday to "undertake a new business venture in the regional property market". "This wUI be the first such joint venture between an Asian developer and
        157 words
      • Article
        CCL ups stake in Aussie motor venture
        355 10  -  By i Christopher Tan [SINGAPORE] Car distributor Cycle Carriage Ltd has enlarged its share of an Australian motor venture, partly owned by hotelier Ong Beng Seng, by As2B million (5528.4 million). The company bought 10.3 million shares in loss-making Astre Investments Pte Ltd
        355 words
      • Article
        Corrections & clarifications
        72 10 Corrections clarifications A STATEMENT in our Thursday report "Sime S'pore beats forecasts with $30m profit" gave the wrong impression that Sime Diamond Leasing was responsible for the net loss booked from Sime Singapore's associated companies. Sime Diamond Leasing was in fact profitable. An exchange loss on a foreign currency loan
        72 words
      • Article
        Lock icon Elec & Eltek targets 15% profit growth
        353 10 Elec Eltek targets 15% profit growth Bloomberg [SINGAPORE] Elec Eltek International Co, a maker of printed circuit boards, said it expects profit to rise as much as 15 per cent each year in the next three to five years as global demand increases. Electronics manufacturers have been grappling with an
        Bloomberg  -  353 words
      • COMPANY Briefs
        • Article
          Wall Shing interim net dives 64%
          123 10 {SINGAPORE] Wah Shing International yesterday posted a 64 per cent drop in interim net earnings to HK$l3.9 million (Ss3.l million). First-half turnover fell 9.3 per cent to HK$4l7 million, due largely to a change in customers' ordering patterns and their inventory flow policies which
          123 words
        • Article
          Ho Wah Genting loss widens to $2.5m
          100 10 (SINGAPORE] Ho Wah Genting International's interim net loss has more than doubled to 12.49 million from $706,000 last year. Loss per share rose to 8.04 cents from 2.29 cents. Turnover fell 22 per cent to $3.7 million. The company blamed the poor business
          100 words
        • Article
          Ming Wah interim np 77% to USsfl,4m
          124 10 [SINGAPORE] Ming Wah Universal (Bermuda) Co yesterday reported net earnings of US$6.4 million (S$U |3 million) for the first half, up 76.8 pa- cent. Turnover rose 8.4 per cent to US$lB.B million. Earnings per share came li to 3.80 US cents, up from
          124 words
        • Article
          Armstrong slips into $72,000 loss
          90 10 [SINGAPORE] Armstrong Industrial Corporation Hm slipped into the red, posting a small interim loss of $72,000. against a profit of $1.84 million at half-time last year. Turnover fell 21 per cent to $21 million. Armstrong, which services the electronics industry, said losses were caused by
          90 words
        • Article
          Fu Yu net plummets to $482,000
          86 10 [SINGAPORE] Fu Yu Manufacturing's interim net earnings plunged to $482,000 from $5.03 million a year ago. Earnings per share slumped to 0.1 of a cent from 1.1 cents previously. Turnover fell 8.9 per cent to $78.9 million. The company said its half-time performance was
          86 words
        • Article
          Amtek net slumps 38% to $12.3m
          110 10 [SINGAPORE] Amtek Engineering reported a3B per cent i drop in net earnings to million for the year ended June 30,1998. Turnover climbed 9 per cent to $281.6 million. Earnings per share came to 8.52 cents, against 13.86 cents a year ago. Amtek declared a
          110 words
        • Article
          Tong Meng swings to $538,000 loss
          85 10 [SINGAPORE] Tong Meng Industries has fallen into the red, reporting a net loss of $538,000 at half-time against a net profit of $1.1 million in the same period last year. Turnover fell 44.9 per cent to just over $1 million. The company said the
          85 words
        • Article
          Serial System net plunges 92%
          100 10 [SINGAPORE Serial System yesterday posted a 92 per cent drop in net earnings to $557,000 for the year ended June 30,1996. Turnover was up 7 per cent at $196.7 million. Earnings per share plunged to 0.3 of a cent, down from 4.2 cents previously. The
          100 words
        • Article
          Rotary earnings Jump 5% to $3m
          102 10 [SINGAPORE] Rotary Engineering posted a 5 per cent net earnings gain to $3 million for the half-year to June as turnover grew 27 per cent to $76.4 million. Earnings per *5 share was flat at 1.5 cents while net tangible assets per share climbed
          102 words
        • Article
          KempMarine sells US boat unit fot US$3m
          43 10 [SINGAPORE] Keppel Marine Industries has sold US-based sail boat subsidiary Pacific Seacraft Corp for US$3 million as part of the group's restructuring activities. The company said Pacific Seacraft, acquired hi 1969, had not performed to expectations.
          43 words
        • Article
          IPC may wind down PC business
          58 10 [SINGAPORE] IPC Corp yesterday said it was considering winding down or selling Its personal computer business In view of the intense price competition in this market. However, no firm decision has been made. The company added that it intended to concentrate on more profitable
          58 words
        • Article
          Marco Polo director raises his stake
          30 10 [SINGAPORE] Marco Polo Developments director David Lawrence has bought 249,000 shares In the company, raising his stake to 752,000 shares or 0.19 per cent
          30 words
      • Article
        Lock icon 7.4% increase in Nestle HI profit above forecasts
        401 11 But analysts say it's unlikely to get much better with Asia's problems Bloomberg [VEVEY, Switzerland] Nestle SA, the world's largest food company, said first-half profit rose 7.4 per cent, above most estimates, and forecast a "positive development" in full-year profit and sales.
        Bloomberg  -  401 words
      • Article, Illustration
        Lock icon French govt blocks Coke's bid for Orangina
        173 11 FT [PARIS] French Finance Minister Dominique StraussKahn on Thursday blocked the proposed 5 billion French franc (Ssl.s billion) acquisition of Orangina, the beverage group, by Coca-Cola, the US soft drinks company, on the grounds that the deal threatened to distort competition in tne
        FT; FILE PHOTO  -  173 words
      • Article
        Big paper losses for HK govt as HSBC shares dive further
        519 11  -  Price 20% down since govt last intervened in market From' Quak Hiang Whai in Hongkong THE share price of banking giant HSBC Holdings sank further yesterday, closing at a two-year low of HK$l37, or one-fifth down from the time
        519 words
      • Article
        CDL to rebrand 3 of its S'pore hotels
        172 11 [SINGAPORE] CDL Hotels International yesterday said that it will be rebranding three of its hotels in Singapore under the Copthorne name. CDL's King's Hotel, Harbour View Hotel and Novotel Orchid Singapore will be rebranded in November, once the management contract for Novotel
        172 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        462 11 Ve$*l Voy Ho Bwth Arrtvl Dtpartf JM*Nrt *M m *o«|»6> 20.09/0600 j*—* "M* Mytfl *.09/1*00 OS J04 Mugs* *09/0100 momjf mom joi tupii *.o9/hoo MOM JM riMfMt *.09/1965 W* J0t rin|Mt *09/0900 A™ 1 00»9* JO <tat«a«t 20.09/0700 —"Hll a «v* J* *»f»64 *.09/2359 0 «2*02 JK MnpMi
        462 words
      • Article
        CONTAINER SCHEDULES
        1466 11 Booking/RiUnct Rstls SWp Voy No Etb/Btr Nrto4 Frow To From Mm Ok* C204t 20/1200 M WBOO IWI WBOO WBOO WH59 2* «m00 N/0659 •SWOC a ivmm b/oooo l b/otoo b/189 ivmoo 4 19/1200 N/14S9 19/1700 toliS »T 20/0900 U W.-VX *1459 *1900 WBOC MM a wnoo -sots? nnwo
        1,466 words
    • FINANCE & COMMODITIES
      • Article
        AMMB stays under S&Fs watch as Fortis drops stake plan
        160 12 [KUALA LUMPUR] Standard Poor's BB long-term and B short-term counterparty credit ratings on Arab-Malay-sian Merchant Bank Bhd (AMMB) remain on credit watch with negative implications, the rating level where they were placed in July 21, 1998. This action follows the
        160 words
      • Article
        Lock icon Citigroup likely to cut 8,000 jobs by the year-end
        470 12 Merger of Citicorp, Travelers expected to see overlaps in some areas Reuters [NEW YORK] Banking group Citicorp and financial services giant Travelers Group Inc may cut 8,000 jobs, or 5 per cent of their workforce, by year-end as a result of
        Reuters  -  470 words
      • Article
        Lock icon US banks flirting with credit risk
        292 12 Tough competition forcing banks to drop loan standards, warns report AFP [WASHINGTON] If US banks continue lowering their standards in competing for domestic business loans, they could be hit by a wave of sour domestic loans over the next 18 months, The Washington Post
        AFP  -  292 words
      • Article, Illustration
        Lock icon Short-term outlook mixed
        437 12 US$/mark2 The greenback generally traded lower for the first four days of this week, from Monday's high of 1.7060 to Thursday's low of 1.6766. However, on a close to close basis, it was little changed by Thursday. Thus the view is mixed with the unit residing between
        Source:  -  437 words
      • Article
        Lock icon UK insurer St James's Place posts 71% rise in interim net
        287 12 Bloomberg [LONDON] St James's Place Capital pic, Britain's topperforming life insurance stock this year, said first-half net income fose 71 per cent as profit from life insurance almost doubled. The parent company of J Rothschild Assurance Holdings said first-half
        Bloomberg  -  287 words
      • Article
        Lock icon Euroyen flat as reform debate drags on
        155 12 SI HIM Report Reuters [SINGAPORE] Simex Euroyen futures were steady while Japanese government bond futures ended well off their highs yesterday, with traders focused on a parliamentary impasse over plans to fix the Japanese banking sector. Talks between ruling and opposition parties have
        Reuters  -  155 words
      • Article
        Futures dip as stock index pulls back
        180 12  -  MSG! TAIWAN FUTUBBS Cecilia Loh service dealer Refco Singapore THE Simex MSCI Taiwan Stock Index futures lost its momentum yesterday and slipped 2.20 points. The stock index feU 38.76 points to 6,961.76, hovering above the psychological support of 6,900 points. The Taiwan index
        180 words
      • Article
        Lock icon Oil rises as storms threaten US rigs
        314 12 ENERGY REPORT Bloomberg [NEW YORK] Crude oil rose above US$l5 a barrel yesterday morning to its highest price since June as a hurricane in the Atlantic and another storm in the Gulf of Mexico disrupt production and threaten to slow imports in Texas
        Bloomberg  -  314 words
      • Article
        Lock icon CURRENCY REPORT
        293 12 AFP AFX-Asia THE US dollar was close to its highs of the day against the yen, and firmer against the mark, in choppy trade yesterday as investors attempted to track volatile early movements on Wall Street, dealers said. Traders said the opening of Wall Street was seen as
        AFP; AFX-Asia  -  293 words
      • Article, Illustration
        Untitled
        1190 12 DVTHRBAMK CROSS SATBS sevis r-JL- »> a m m rt m rm m m mm a n» x u* «r <n ww am km os» 1360 1002 2*8465.444 tm 8209 22s i85 ***** 26.006 im ux 0.*****.*****.054 0252 0592 Cwfc 189 1429 1563 178 U07 MM ***** 722M 0464 9467
        1,190 words
    • Article
      COMMODITY PRICES
      1624 13 WOOM nJTU&BS Sep n RUHCt Mm daakia at at U0*a) RSS t ctotsAo) ClOM Vofam Opaft ttwtt HI* low Sft (tonoa» Ittmt Oct 117.00 1075 Novtt 118.75 V45C OK 90 119.50 20 1470 Jm/ttV 99 122.00 1950 Apr/Jaa 99 126.25 1950 jui/s«f> 99 130.75 00 KS3CWTlACT(lBcMts/k«) VotoM Opan
      1,624 words
    • Article
      WORLD STOCK MARKETS
      2148 13 Wntriilt tow hm» V31 Group 472.000 -20.000 AB Ports 246.200 -4.800 AMay National 1142.880 2.880 AMad Domacq 424.000 -29.000 Amac 148.000 1.000 Asda Group 169.400 -5.000 BAT Ind 435X00 8.000 BC Pic 375.000 -3X00 BICC 77.000 5.000 BOC Croup 770.000 -18.400 BR Potrotoum 810.000 -1400 BTR H3.600
      2,148 words
    • Article
      Lock icon TOKYO
      1570 13 Bloomberg D Nikkei 228 ****** JAPANESE stocks rose for the first time in three sessions on expectations Prime Minister Keizo Obuchi may be pressured to promise more measures for the economy when he meets US President Bill Clinton on Tuesday. Food companies such as Ajinomoto Co and Kikkoman Corp
      Bloomberg  -  1,570 words
    • Article, Illustration
      Lock icon HONGKONG
      1442 14 Reuters AFP Q Hang Seng -130.61 STOCKS closed lower yesterday in line with Wall Street and Latin American markets' negative outlook and recognition that rate cuts, coordinated or otherwise, will not cure the global economic ills. Brokers were mixed on the outlook for the market. "With Latin America like
      Reuters; AFP  -  1,442 words
    • Article, Illustration
      Lock icon CHINA
      619 14 Reuters El Shwtzhwi Binder jjj SHENZHEN'S hard currency B shares ended lower yesterday as losses on the neighbouring Hongkong stock market battered sentiment, analysts said. The B Index fell 2.25 points to 63.06, recovering from an intraday low 0f62.03. Turnover was HK$l4 million. "Hongkong had a relatively large fall
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  619 words
    • Article
      Lock icon TAIPEI
      325 14 AFP QwFMg -3&71 TAIWAN stocks dropped 0.6 per cent yesterday, dragged down by sharp overnight losses on Wall Street, dealers said. The Weighted Price Index dipped 38.76 points to 6,961.76, following a 0.4 per cent rise in the previous session. "The market was affected by losses in the US
      AFP  -  325 words
    • Article, Illustration
      Lock icon JAKARTA
      718 14 Bloomberg AFX-Asia P Composite Index -IXBI INDONESIAN stocks fell for a sixth day, with the benchmark index sliding 4.8 per cent to its' lowest in more thap five years, on speculation the government will institute capital controls. "What people are worried about is that some capital controls will be
      Bloomberg; AFX-Asia  -  718 words
    • Article, Illustration
      BANGKOK
      755 14 SET Index +L 8 THAI stocks gained 0.8 per cent yesterday amid some short-term speculative buying of banking and energy stocks, despite declines in other regional markets, analysts said. An analyst with Thai Sakura Finance and Securities said investors bought shares on short-term speculation as there were no major
      755 words
    • Article
      Lock icon MANILA
      300 14 AFP □ifamU MM PHILIPPINE share prices closed 7.4 per cent lower yesterday due to profit-taking spurred by the slide on Wall Street and the imminent closure of Philippine Airlines, analysts said. The Composite Index fell 94.63 points to close at 1,174.61 points. Turnover fell to 248 million shares worth
      AFP  -  300 words
    • Article
      Lock icon SEOUL
      386 14 AFP pOompoßtalMtai -BJ7 SOUTH Korean shares fell 2.8 per cent yesterday following steep declines in global mar-, kets and heavy selling by foreign investors, dealers said. Dealers said the market started off weak due to declines in global markets, and a report that said Samsung share_ prjce would fell
      AFP  -  386 words
    • Article
      Lock icon SYDNEY
      560 14 AFP QUMMi_4I SHARES fell just 0.1 per cent yesterday after taking a positive leacUrom Japan during a session shortened by technical problems at the start, brokers said. The All Ordinaries Index fell 2.9 points to 2,539.9. The All Industrials Index was down 9.9 points at 4,461.4 wftil? .tljfi AU
      AFP  -  560 words
    • Article
      Lock icon WELLINGTON
      246 14 AFP □Wellington -27J> NEW Zealand stocks fell 1.6 per cent yesterday on the back of weak overseas markets. The NZSE-40 Index lost 27.69 points to 1,734.67 on turnover of NZ576.3 million. Telecom Corp closed at NZ$7.3B, down 12 cents. Carter Holt Harvey shed 12 cents to NZ$l.32. —AFP i
      AFP  -  246 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        7517 15 —HI Tim. I CoatwMf pniicti 1998 Last Vol Day Net Cap HN> Law cii»wn> -000 m» Law pk turn 310 170 Ajinomoto 210 !L6 85.1 148 35 Anqkasa 62 uneh 63 62 62 t4 914 290 123 ApoMo Food Hlq 100 unch 1 180 180 6J 72.0 388 108 BarfayaLand
        7,517 words
      • Article, Illustration
        Lock icon Shares climb, led by financials
        401 15 AFP fi Composite Index +&75 SHARES closed higher yesterday in quiet trade led by financial stocks. The Composite Index rose 6.75 points to end at 393.30, off" an earlier low 0f381.72 points. The Second Board Index was up 0.81 of a point to 96.33. News
        AFP  -  401 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        2441 16 MM, LOANS i WARRANTS INI LMt V* Day Loot Ovoto Avg High Low St no Compony Soto ♦or- COOO) High Low Buyor SoNor Prlco 20.5 3 3160 -Acor ******1 USS 4.5 -0.5 16 5 43 4.5 5-5 95 5 3164 Acmo *0W724 8 7 S 7 3161 AIIToch ******7 28.5
        2,441 words
      • Article
        S'pore Fin wrt: appealing but risk high
        207 16  -  WARRANT WATCH By] R Sivanithy WILL a stock that currently costs 67.5 cents recover sufficiently close to $1.46 before June next year? This must be the question facing holders of the Singapore Finance warrant. As it stands now, the answer seems to be
        207 words
      • Article
        CLOB INTERNATIONAL
        211 16 iioimom mess Or Or WM Last Vat On Last Ouata M> M> YM M M Cap L— »<w Cwimn HH COOP) HHP L— ggr Mo Cw w I— 400 ISO 5123 COL (2000) HK 400 385 6.0 2.4 2.0 20 5 7744.7 5124 CMtay PtC 20c HK_720 265.0
        211 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      5526 17 y«« Bay LaatOuatt Mv M» YM NO C« A.g mh> u» %m» cii-y *tf rooo) hm» l— hm cv p/t $3 ph5 MULTHNMSTRY 142 49.5 mt 1000 Acma 50c 60 »13 18 60 58 59 60 27.5 10 22.9 4.2 99.3 60 65.5 38
      5,526 words
    • Article
      SESDAQ
      908 17 IMt— Lort»ioto »I Dtv y5 Not cZ aU wmm C«w»p«ny rooo) U» tinfor «—»r Cw P/I $11 Erie* 2 82 48 S I 1m? I? ca 5 MS tl S if* 67 5 64 5 0K 70 22 6 4 77 6 7! 2" s j 59 54 s
      908 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        253 18 stida »e<—» OUB Foreign 9,202,000 Keppel Corp 7,490,000 TAC BtW 200 6,906,000 Keppet Land50c 6,394,000 STEngglOc 5,677,000 •Gentlng Int 5,609,000 H«tung Inv MT5 4,996,000 Wing TU 25c 4,921,000 SJngT«H5c 4,082,000 HatSteel 50c 3,414,000 Stwto I OUB Foreign 23,790,499 DBS Foreign 17,777,535 SM Foreign 17,028,757 SPH 14,367,518 OCBC Foreign 14,208,000 Keppei
        253 words
      • Article, Illustration
        Talk of CPF rate cut, Dow's steep fall dampen sentiment
        708 18  -  STOCK MABKBT COMMENTARY Weak European market opening also cited; property stocks hardest hit as STI falls 3.05% By R Sivanithy [SINGAPORE] A steep slide on Wall Street overnight, strong indication of a Central Provident Fund cut and a weak opening
        708 words
      • ON THE GRAPEVINE
        • Article
          One is enough, merci
          102 18 WHILE Asian businesses are cost-cutting like if s going out of fashion, some European companies seem to be doing exactly the opposite. A fax machine at BT ran hot last week as not one, not two, not five, but 24 copies of Alcatel's financial results came
          102 words
        • Article
          A dedicated let
          53 18 VICKERS Ballas has set up a "dedicated team of Global Investment Funds Specialists to assist you in choosing the appropriate investment funds" Questionwhen regional funds get back In vogue, as they surely will at some point in time, will they rename this dedicated team, or bring in
          53 words
        • Article
          Widening the not?
          157 18 IF you can't get them with bomb*, well, try the Net. A private US company signed a contract to install a national mobile telephone network for the Taliban, the Islamic fundamentalists who control most of Afghanistan, reported the New York Times. The GSM system would give Afghani
          157 words
      • Article, Illustration
        HOT STOCK
        63 18  -  -by Shiv Taneja OVERSEAS Union Bank's Foreign tranche closed one cent lower yesterday at $2.59 on a volume of 92 million shares, compared with its 10-day traded average of 3.9 million shares. Despite the fact the counter is in oversold territory, there appears to be more downside in
        63 words
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      Page 11 Advertisements Column 1
      27 11 I FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its own^r. tCall C.A.T.S. at 1800-737-1166. Another ClwW** Swvioe
      27 words
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      Page 18 Advertisements Column 1
      634 18 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 GARRINGTON PTE LTD (la Memben' MAntary Liquidation) NOTICE OP FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act. Cap 30 that a Final Meeting of the Members of the sbovsnamed company will be held at 7500 A Beach Road
      634 words
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      Page 18 Advertisements Column 2
      177 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 80) AMD IN THE MATTER OP BAK LEE ENOINEERJNG PTE LTD (In Voluntwy Liquidation) Membars' Voluntary Winding-up NOTICE IS HEREBY GIVEN that pursuant to Section 306 of tha Companiaa Ad, Cap. 50 tha final general maating of the members of tha abovanamad
      177 words
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      Page 18 Advertisements Column 3
      704 18 Sunday Classified -gl&aAf&ct g* at Clarke Quay Every Sunday, 9am spm s Shangri-La hotel LIMITED SINGAPORE 1998 INTERIM RESULTSFINANCIAL HIGHLIGHTS DIVIDEND ANNOUNCEMENT Six months ended 30 June 1998 1997 Variance ***** 88*000 Turnover 55,600 69,326 (19.8) Operating profit 6,372 15.581 (46 3) Share of losses of associated companies (4,839) (841)
      704 words
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      Page 18 Advertisements Column 4
      79 18 I 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
      79 words
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  • EXECUTIVE Xifes lyijk — – WEEKEND
    • Article, Illustration
      Lock icon Emotional fitness, anyone?
      2072 19  -  You've built up your biceps and you have abs to die for. But when life gets really tough, do you have what it takes to weather the doldrums? From the psychic to the psychiatric, jaekb be looks at the elusive pursuit of inner peace COVER STORY JAIME
      FILE PHOTO  -  2,072 words
    • STRAWS In The Wind
      • Article
        Bye-bje bacteria
        56 19 HERE'S the latest in technology antibacterial hand towels. A newsletter from the ANA Hotel says that it is the first hotel in Singapore to offer guests towels which have been proven to be highly effective against bacteria. What we want to know is: just what have we been
        56 words
      • Article
        In the driver's seat
        23 19 OSCAR-NOMINATED actress Minnie Driver recently formed a production company with her sister. Guess what she named it: Two Drivers.
        23 words
      • Article
        Man of the moment
        125 19 EVERYBODY'S making fun of Bill Clinton. Check out the following "quotes" from some American personalities, as compiled by The New York Times: If the president could convince every woman in America that the Bible says oral sex is not adultery, he'd even have my vote. Newt
        125 words
    • VIEWPOINT
      • Article
        Making the most we can of this muddled world
        703 20  -  Off the Cliff by What has transcendental meditation got to do with advertising? Very little, but when yon're feeling down, goal-searching may be healthier than creating fantasy worlds by Jaime Ee DO YOU ever feel, sometimes, that when life really starts
        703 words
      • Article, Illustration
        Lock icon A bitter pill to swallow
        1510 20  -  Think twice before you pop those all-natural dietary supplements into your mouth. Some contain powerful herbs or toxic contaminants that could make you seriously ill, namm obadt reports on a worrying trend DEMISE GRADY NYT PEOPLE trying to treat their own ailments with remedies from
        NYT; FILE PHOTO  -  1,510 words
    • STYLE
      • Article, Illustration
        Lock icon A touch of white magic
        1251 21  -  Give Jay Ang a small room and he'll make it look bigger. PUT&im xmiix finds out how PARVATHI NARAYAN HE'S AN inward-looking person who designs the insides of people's homes. Meet interior designer Jay Ang. If the houses he decorated were compared to paintings, the
        PHOTO OF JAY ANG BY CHRIS LOH  -  1,251 words
    • MOTORING
      • Article, Illustration
        Test case in compactness
        831 21  -  At under 3.6 m tamper to tamper, Mercedes-Benz's A-class seems too small to be practical. Think again. By i Christopher Tan MERC for the masses or Merc for the madness? Either way, there is little chance the "A" in Mercedes-Benz's A-class will ever stand for apathy.
        831 words
      • Article
        Another look at the BMW 318i
        178 21 A COMPARISON we ran two weeks ago on the new BMW 318 i and Volkswagen Passat 1.6 stirred up some controversy, with some quarters saying the Beemer appeared overpriced next to the VW. The BMW 318 i was priced at $156,000, and the Passat
        178 words
    • Article, Illustration
      The art of turning bad taste into a virtue
      743 22  -  CINEMA There's Something About Vary comes with sizeable doses of offensive humour and sight gags that stretch the boundaries of good taste. But it is also refreshingly free of political correctness By\ Shahiron Sahari AFTER giving us such film classics as
      743 words
    • Article, Illustration
      Grim news from the battlefront Grim news from the battlefront
      876 22  -  CINEMA Is it worth risking the lives of eight men to rescne one man? This and other questions are raised in Saving Private Ryan, Spielberg's nnflinr.hing look at World War Two By\ Susan Tsang STEVEN Spielberg is back in top
      876 words
    • Article
      All-night sessions
      647 23  -  DRAMA Game for some theatre that stretches from Bpm to 7am the following morning? Some might just find it worth losing sleep over By\ Parvathi Narayan A DIFFERENT sort of one-night stand? Well, that it certainly is. Beginning at Bpm and winding up at 7am the next day,
      647 words
    • Article, Illustration
      WHAT'S ON
      391 23  -  Compiled by M Yasotha OFMUk La Traviata Verdi's heart-wrenching tale of doomed love between a Parisian courtesan and a young aristocrat with a powerful, disapproving father. The opera features some of the composer's most memorable and beautiful arias and duets. Presented by the Singapore Lyric Theatre, with Nancy
      391 words
    • EPICURE
      • Article, Illustration
        Lock icon Thai treats with pizza thrown in
        798 24  -  That's the odd but workable combination being offered at Paddyfields, which prides itself on Thai food with a twist Pity about the size of the tables though. JUHB be looks for more space JAIME EE HAVE you ever noticed how some restaurants tend to
        PHOTOS BY CHRIS LOH  -  798 words
      • Article, Illustration
        Fiesta time at the Raffles Courtyard
        71 24 CRAVINGS SIP TEQUILA under the stars and enjoy all the colour and pageantry of Mexico as the country celebrates its National Day with Festival Mexicano 98 at the Raffles Courtyard. The dinner buffet (s4s+++) includes staples like tacos and enchiladas, and more classic fare
        71 words
      • Article, Illustration
        Moon messages
        192 24 IT WILL soon be that lovely time of the year when children play with lanterns and adults get to indulge in mooncakes. This year, local hotels and Chinese restaurants have become ever-more innovative with their mooncakes. The Tung Lok Group and the Singapore Mint have come up with
        192 words
      • Article
        Days of mine and cheese
        72 24  -  Compiled by Tan Su Yen THERE'II be wines and cheeses aplenty at the Mandarin Singapore's Top Of The M until Sep 27. The restaurant is holding a Bordeaux Food Wine Promotion, the highlights of which include pan-fried duck breast with portwine sauce and Roquefort cheese,
        72 words
      • Article, Illustration
        Cantonese specialties that won't cost you the earth
        653 24  -  PROMOTION Where can yon feed a family of four for about jut $30? Believe it or not, at Xin Cuisine By' Tan Sn Yon IN these uncertain times, it's dicey to buy property and murder to even talk about stocks. But if
        653 words
      • Article
        Good choices when times get tough
        855 24  -  WINE CONNOISSEUR A look at some quality wises that yon can still got at reasonable prices By N K Yong UNTIL the recent downturn in the economies of the Asian countries, the most popular and most expensive wines were the 1962 and 1990 Bordeaux,
        855 words
    • Article, Illustration
      CINEMA
      724 25 Armafiiiw \n oil driller (Bruce Willis) is mankind's best hope against an asteroid on collision course with earth. Riverside, Yishun, Tampines. The Avengers. Ralph Fiennes and Uma Thurman save the world from Sean Connery. Remake of the TV series. Central, Tampines. I*e Big Lehowshl. Jeff Bridges and John Goodman
      724 words
    • Article
      ENQUIRIES AND BOOKINGS
      113 25 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Piduretouse 338-3400 Yangtze 223-7529 Eng Wall Empress 777-5867 Jubli« 454-1640 Mandarin 292-9401 Marina 338-9719 Wtirtesands 585-1782 Ooldan VNlaoa 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina TampinesB Tiong Bahru Yishun Clementi/Co'wealtti 777-0669 Goktenfltew Town 296-5466 N-Crown
      113 words
    • TRAVEL
      • Article, Illustration
        Lock icon Voices from the castle
        846 26  -  Finland's historical Olavinlinna castle maintains its stony silence for much of the year, a silence which is broken for just one magical month every summer when it becomes the venue of the Savonlinna Opera Festival, p yva* witnesses the marvellous transformation P Y VAN During the
        ALL PHOTOS COURTESY OF SAVONLINNA OPERA FESTIVAL  -  846 words
      • Article, Illustration
        Showcase of Finland's operatic arts
        319 26 both an easy drive from Savonlinna. The festival's first programme in 1912 focused on Finnish opera as its founder Aino Ackte wanted to promote Finnish culture, even in those days of Russian rule. Today, Savonlinna continues in this tradition. Finnish works are performed as well
        319 words
      • Article, Illustration
        Let's make an opera—it's not cheap, but it can be funded
        579 26 OPERA is an expensive art form, but Finland, a land of approximately five million people, somehow manages to keep the tradition going. How is it done? Over at Savonlinna, the festival has been run by a National Patron's association
        579 words
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      19 19 i SHHi L mjlk A touch of white m H M magic l«r"l 1 EL 3 rffrg sßiißljfc 1
      19 words
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      Page 19 Advertisements Column 2
      221 19 Travel Voices from the castle EL 8 "uur aaugnter was reunited witn ner aog on the very day the ad appeared!" Mrs Christine Low... "Business picked up after we advertised in Classified. Ii really works!" Trevor Koh... 'It's no secret that The Straits Times Classified is the key to our
      221 words
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      Page 20 Advertisements Column 1
      55 20 CAST YOUR VOTE: Go to the BT Online website (business-times.asial.com.sg) and take part in the interactive poll based on this column. RESULTS OF LAST WEEK'S POLL: Which US entertainer would make the best president? Robin Williams—3o.9per cent, Arnold Schwarzenegger—22. 7per cent, Jerry Seinfeld —17per cent, Candice Bergen —15.5 per cent,
      55 words
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      Page 22 Advertisements Column 1
      80 22 k_ •*''t* 5 *T 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 topping-out
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      Page 22 Advertisements Column 2
      465 22 Showing at Shaw, Cathay, Studio City, Eng Wah and Goidm Village. cinemas. Rated NC-16. >*55. ans sss umn~ Ore/, twasUtltl p*»o- ruag fig* P*'**- T *s**- s*' nulnVfttrurd itruutc fPtf Ho t «n g Ta» $ki JM Mr Tun. t P"*. 1 d«aW» m» TVI 23&-aiSB M Lot. UJ\ tola
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      262 23 Where to wine, dine and entertain..."^ =S=j=B^S^Bßß|^Bßr "Tunch" is the best for lunch and high tea rolled into one. Which means longer serving hours and even more scrumptious spreads. Saturday, Sunday dt Public Holiday "Tunch": 12 noon spm *15.80 (Adult) *11.80 (Child) Tunch Karaoke 3pm Bpm *21.80* (Adult) *17.80* (Oiild)
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      Page 23 Advertisements Column 2
      117 23 Experience the wonders of BORDEAUX at Top of die 'M' Revolving Restaurant 17-27 September 1998 TOP Please call 831 -6258/88 Of We for your reservations VI/ VWOtS MmPrn. (•*•1*1*1 Rmhmbbi L'OiHM Mm ■••laaraat JRf BoMMax (France IM n*or 333, Orchard Road, Singapore 238*67 Td 737 4411 Sunday 12 noon to
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  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      1976 25 TODAY'S TV rECOMMEMPED fSBS Ppn't Worry Be Happy. fwwiww «aaa AMRMDonseTV Mi Money Week. TT7 1 x Jioo NNTV Innovations M A *COO News In Mandarin. Welcome to S? therr^f est niup Dharma defuses the League 98: Aussie Rules: t 'jW ma I Made In Heaven. the family? situation, but
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    • Miscellaneous
      Page 25 Miscellaneous Column 2
      257 25 RADIO Hie Lyrics, BBC, Saturday, who remembers her L3opm long-dead baby brother. In Bereavement, poet Michael Remembering Albert Is by Fin Donaghy discusses part of In Keegan in the US. Memoriam, which Tennyson wrote after the death of his Code Breakers, BBC, friend. Donaghy then reads Saaday, and talks about
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