The Business Times, 26 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 85c THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ WEEKEND EDITION, SEPTEMBER 26-27,1998
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  • Article
    MARKET SUMMARY
    66 1 m mn (s. 06) 11™ CJS ***** (+0.38) riBTCOMP mm 733.78 (-4.38) pmsaaafumEß U13&50 (+0.5) STOOL MAHETmiHCBB Friday Change KLSE COUP ***** -tt* NIKKEI 1VTXM -481.94 HANG SENG 7.791J1 llf SET INDEX ***** -1JI JAKARTA OOMP —17&C 4M MANILA COUP —lili.46__-4.7f TAIPEI WF! tjmM 008 SEOUL COMP CUA
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  • Article
    FINANCE
    67 1 FOBEX KATES D» L7W 1.791 iwi DM L007 1.026 WW IMI |j»* 1M im 9.469 HKI 7.748 MSI BAW KM 0.044 ■WAH 1UU 0010* Source: ram bubs swqafoh* 7.31 KOALA LUMPUR 1150 JAKAHXA 48M BANGKOK 14.75 MANILA JSM HON0KONG 10.25 TAJFH 8J0 SYDNEY &46 TOOO Id SEOUL 14.9ft ZUIICII
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  • Article
    SingTel warns of flat earnings or even profit setback
    480 1  -  Possibility a drastic turnaround from forecast made three months ago By' Teh Hooi Ling [SINGAPORE] For the first time since it went public, Singapore's largest listed company, Singapore Telecommunications, is facing the possibility of reporting flat or a decline in profit
    480 words
  • Article, Illustration
    Lock icon Surf's up, Singapore
    85 1 SIEW YAW HOONG [SINGAPORE] Eyes glued to glowing screens and eager hands on the keyboard, novice users tapped into the Internet through some 250 computer terminals at the Singapore Indoor Stadium yesterday. Called Surf@Stadium, it is Singapore's first mass Internet training event. Organised by the National Computer
    SIEW YAW HOONG  -  85 words
  • Article
    Lock icon UBS takes SFr950m hit from LTCM and puts regulators on alert
    804 1 FT, Reuters [LONDON] Europe's biggest bank ÜBS said on Thursday that it had written off 950 million Swiss francs (Ssl.2 billion) on its investment in the troubled US hedge fund Long-Term Capital Management, putting pressure on other banks to
    FT,; Reuters  -  804 words
  • Article, Illustration
    Lock icon S'pore 3-mth interbank rate slips under 4%
    423 1  -  Rate hits its lowest level in a year; Sing dollar rallies By\ Siow Li Sen [SINGAPORE] The threemonth interbank rate fell below 4 per cent to 3.87 per cent yesterday, its lowest level in 12 months as funds seek refuge in Singapore amid
    Source:  -  423 words
  • Article
    OPH surprises with hefty $88m interim loss
    713 1  -  Tough business climate also puts associate YHS in the red By, Jennifer Lien (SINGAPORE] Ng Teng Fong's plan to put Orchard Parade on the property fast track has suffered a sharp reversal, with the group announcing net interim loss of $88 million as
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      146 1 DHQDDE Now that English language theatre has established itself In Singapore, where does it go from here? Some big players on the scene share their views, ELOawar t Free market paradigm atrtafcPMM As economic conditions deteriorate in Asia, and the financial crisis spreads further, there may be a global retreat
      146 words
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      10 1 Fear of wider damage led to Long-Term rescue, Pg 12
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      Page 1 Advertisements Column 3
      46 1 ■Kl >4 r ***** 9 VH If V K HT |j a «;-Ksps'-;r^ 9 ft£T f K a v-*s -j. BpW jfl Jk. jr> m --itV *****811 '^T^f Blr ..y. j» ji^J K SHI Available at: Hermes. Liat Towers Tel: 734 1353 Takashimaya Tel: 735 5228
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      $98m plan to give Chinatown a new lease of life
      583 2  -  Govt hopes to draw crowds with string of festivals, street hawkers By( Carol Eng CHINATOWN will get a $97.5 million boost over the next three years in a plan to revitalise the area with cultural performances and possibly even street
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    • Article
      Electronics seen picking up in Q1 next year
      250 2 A GERMAN semiconductor industry executive expects the electronics sector to pick up in the first quarter of next year, ahead of the general industry expectation of a mid--1999 rebound. "The market forecast is for a turnaround mid-next year, but I personally am
      250 words
    • Article, Illustration
      Lock icon Fast-food giant Tricon's $100m plan
      581 2  -  Pizza Hat, KFC owner to expand, bring in Taco Bell By\ Carol Eng FAST-FOOD giant Tricon Restaurants International, which owns the Pizza Hut and Kentucky Fried Chicken chains, plans to buck the retail sector's downsizing by investing $100 million in Singapore over the next five
      ARTHUR LEE  -  581 words
    • Article
      Slower demand for reverse mortgages: NTUC Income
      558 2  -  Fall in property values affects drawdown amounts By I Clarissa Tan A SLOWDOWN in publicity and falling property prices have caused applications for reverse mortgages to cool off to just two or three a month, says NTUC Income, currently the sole issuer of
      558 words
    • Article
      Natuna contractors to invest US$1b in facilities over 3 years
      413 2  -  By] Ronnie Lim CONTRACTORS working in the Indonesian gas fields in West Natuna plan to invest about US$l billion (Ssl.7 billion) over the next three years to establish facilities for the delivery of natural gas to Singapore, a bulletin published
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      365 2 CBTFTIC CROSSWORD 1 Cancel cuts or so it might 9 A half-dozen signs for bird- LJ—— 21 Rich, Arm, and very good (7) 25 A bloomer lads hope to rectify 31 Let on modish guy is really quite natural (8) 14 A pushy individual in the VUfIUUMLTB SOLUTION DOWN Midlands(7)
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  • ANWAR'S ARREST
    • Article, Illustration
      Lock icon Police quash Anwar supporters' demo in KL's National Mosque
      465 3  -  Chanting protesters disperse after police enter mosqne to drive them away From. Ruth Wong in Kuala Lumpur AN attempt by supporters of sacked deputy prime minister Anwar Ibrahim to hold a rally at the National Mosque in Kuala Lumpur yesterday afternoon
      REUTERS  -  465 words
    • Article, Illustration
      Lock icon Anwar's daughter to M'sians: Stand up for the truth
      387 3 AFP [KUALA LUMPUR] The eldest daughter of detained former deputy premier Anwar Ibrahim has spoken out on alleged injustices against her father, calling on Malaysians to stand up for the truth. "I feel very angry," 18-year-old Nurul Izzah told AFP, referring
      AFP  -  387 words
    • Article
      Lock icon Stop rioting and he will be brought to court for trial, says Dr M
      250 3 AFP [KUALA LUMPUR] Prime Minister Mahathir Mohamad said yesterday his detained former deputy Anwar Ibrahim will be brought to court to face charges if there is no rioting by his supporters. "If he will tell his
      AFP  -  250 words
    • Article
      Lock icon US and UK express concern, call for fair trial
      384 3 US notes use of ISA to restrict assembly and communication Reuters AFP [WASHINGTON] The United States and Britain have voiced concern over the arrest of former Malaysian deputy prime minister Anwar Ibrahim and called for a fair trial. The US said
      Reuters; AFP  -  384 words
    • Article
      Lock icon Dr M: Anwar committed big sin as homosexual
      487 3 M'sia cannot accept gay leader, he tells 1,000 Umno women Reuters [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad, addressing about 1,000 women members of his United Malays National Organisation (Umno), yesterday defended his decision to sack his finance minister and heir apparent,
      Reuters  -  487 words
  • Page 3 Advertisements
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      700 3 compact metal industries ltd V y/ (Incorporated In the RepubMc of Singapore) ANNOUNCEMENT The Directors wish to announce the unaudited results of the Group and the Company for the six months ended 30th June 1998: QBQlff COMPANY 30-8-98 30.6.97 30.6.98 30.6.97 it STOOO SS'OOO SJ'OOO srooo 1. (a) Turnover 64.018
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        596 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. Parkway Holdings ♦(Hold) Fraser-AMMB Research, Sept 24, $1.85 Parkway reported a 56 per cent fall in interim
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      • Article, Illustration
        In My Opinion
        444 4  -  Julia Ho Director Rothschild Asset Management 44T" N a financial, economI ic and geopolitical A world which seems increasingly ridden with uncertainty, the search for a safe investment harbour is becoming ever more important. Indeed, shell-shocked by huge losses in equity markets and, amidst ever gloomier reports
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    • Article, Illustration
      Lock icon It's time to sit on that pile of cash
      743 4  -  Resist the temptation to buy expensive 'baubles' or property; stay long in government bonds in safe havens and hold cash is the advice from experts Byi Shiv Taneja -ISINGAPOREI GLOBAL equities are going to fall another 15-20 per cent. Emerging markets
      CHRIS LOH  -  743 words
    • Article, Illustration
      Lock icon PAL woes take their toll on Manila stocks
      633 4  -  EYE ON THE REGIOIfc THE PHHJPPDVES Oil refiner and banks most exposed to PAL closure worst hit From Al Labita in Manila PHILIPPINE shares took the heaviest beating this year as news of the Philippine Airlines (PAL) debacle spooked investors, leading to
      REUTERS  -  633 words
    • Article
      ACU DEPOSIT RATES Offered by various banks (as at Sept 24. 1998)
      664 4 Dipt I ft MMNMtt i(fc J-mMi 6-mt* Dipt Ut mat )-wrtb 3-mtti 6-mtti Bank of China £25.000 £<1.999 6.swo &noo u9oo AS SWFr A SW.OOO Swf99,999 0.6600 0.7600 0.8W0 10.000 49.999 4.1875 4.1875 4.1250 SwfWO.OOO S«fl49,999 0.7(00 0.8600
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    • Article, Illustration
      Capital guarantee fails to entice investors
      786 5  -  By\ Shiv Taneja [SINGAPOREJ Everyone knows there are no free lunches, but with financial markets at their volatile worst, one would expect that investors would flock to those products that either guarantee returns, or at least promise some sort of absolute returns over the
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    • Article, Illustration
      Lock icon Analysts bearish on Leong Hin
      717 5  -  Concern that company's strong earnings will not be maintained because construction business facing tough times By] Diana Oon [SINGAPORE] A CONSTRUCTION company seeking a listing in a weak stock market, Leong Hin Holdings has been classified by analysts as a stag at best and, in
      FILE PHOTO  -  717 words
    • Article, Illustration
      Lock icon Big cap banks preferred
      548 5  -  They have better capacity to absorb unexpected shocks By Tan Lai Peng The writer is a senior analyst with DBS Investment Research, a unit of DBS Securities Singapore, which is a wholly owned subsidiary of DBS Bank. [SINGAPORE] Singapore banking stocks have fallen 60 per cent
      Source:  -  548 words
    • Article
      Smaller firms offer rich pickings over longer term
      593 5  -  They tend to be more flexible as business conditions change By\ Stewart Aldcroft The writer is marketing sales director, Templeton Franklin Investment Services (Asia) Limited [SINGAPORE] Over the past few years, money has been increasingly re-allocated from cash, bonds and property into
      593 words
    • Article, Illustration
      Lock icon Fund profile
      316 5 Compiled by BT Investment objective The fund aims to provide capital growth over the medium to long term by investing in companies which own product brands that have a high profile around the world. Investment style The investment process combines top-down with a bottomup approach. Further criteria that
      Compiled by BT; Source:  -  316 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      28 4 Creditors race to grab PAL assets, Pg 7 PAL chieffiles libel suit against union, daily, Pg 7 The Taking Stock column has been held over till next week
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      71 5 The Game Meet the George Soros a Raymond Quah of Anq Mo Kio lends in The Game, the investment competition from Standard Chartered. His unit trust portfolio has appreciated by 24.2%' to over $31,000. Follow the fortunes of Raymond and the other players in the weekend edition of The Business
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      Page 5 Advertisements Column 2
      28 5 Sound Us Out First. _BOS£E~ ATLAS HI-FI PTE LTD BottC* SOUTH# thmuqh si ,»r> h eOl -116/124 Suntec City Mall (Tower Two) Tel: 339 0966 Fnx: 376 4678
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  • ASIA'S ECONOMIC SLUMP
    • Article
      PM Goh warns of retreat from free market paradigm
      473 6  -  He paints bleak picture of world economy if US fails to provide necessary leadership From Leon Hadar in Washington SINGAPORE'S Prime Minister Goh Chok Tong warned an American audience yesterday that the criticism of the free market system by Malaysia's Prime
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    • Article
      Lock icon KL may do more to boost economy: Dr M
      186 6 Bloomberg [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad yesterday said the country may take more measures to pull its economy out of its worst slump in 13 years. "There are more things we can do to strengthen the economy," Dr Mahathir
      Bloomberg  -  186 words
    • Article, Illustration
      Lock icon Asian markets skid on nerves over Japan, US hedge funds
      362 6  -  By R Sivanithy [SINGAPORE] Worries about the state of the US hedge fund industry and the Japanese banking system yesterday brought an abrupt end to the rally in Asian stock markets. The losses were led by steep drops in the
      AFP  -  362 words
    • Article
      KL starts checks at entry points
      296 6  -  Motorists stopped to declare money they were carrying By' Ven Sreenivasan [SINGAPORE] Malaysia started enforcing currency control measures at entry points to the country on Thursday, asking travellers to declare the amount of money they were carrying. Long queues of cars formed on both
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    • Article
      Lock icon Fears rise of a global meltdown: survey
      332 6 30% of S'pore-based MNC managers polled see it as likely Reuters [SINGAPORE] More than 30 per cent of Singapore-based multinational corporation managers believe a regional and global meltdown is likely, according to a survey by The Economist Conferences. It said in a statement
      Reuters  -  332 words
    • Article, Illustration
      Lock icon Weaker Dow, fund bailout depress greenback
      313 6  -  By] Larry Wee {SINGAPORE] The US dollar was sold down across the board in Asian trading on a weaker Dow, and fears that the bailout of a US hedge fund could signal further losses for American players. The Thai baht was an early beneficiary,
      Source: Bloomberg  -  313 words
    • Article
      Total deposits in M'sian banks up RM184m in August
      374 6  -  FYoml From Meera Tharmaratnam in Kuala Lumpur MALAYSIANS have begun to deposit more funds with local commercial banks, with total deposits in the banking system rising for the second consecutive month this year, according to the central bank. Total deposits rose
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      581 6 \SPCy SINGAPORE PETROLEUM COMPANY LIMITED (Incorporated in the Republic of Singapore) HALF YEAR UNAUDITED PROFIT ANNOUNCEMENT The Directors wish to announce the following unaudited results of the Croup and the Company for the six months ended 30 June 1998: (SOOOs) THE CROUP THE COMPANY 1998 1997 1998 1997 Turnover 629,193
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  • THE REGION
    • Article
      Blow to Chuan govt as ruling allows firing of 12 defector MPs
      653 7  -  Opposition party's removal of the dissidents will cut the govt's majority From. Harish Mehta in Bangkok THE fragile Chuan Leekpai government was dealt a blow yesterday when the Election Commission handed down a long-awaited judgment allowing the opposition
      653 words
    • Article, Illustration
      Lock icon Creditors race to grab PAL assets
      450 7 MANILA Boeing 747 seized in US before it could return to Manila AFP REGULATORS and creditors yesterday raced for control of the assets of Philippine Airlines as President Joseph Estrada negotiated with foreign investors to replace the defunct flag carrier's lost routes. The government's
      AFP; REUTERS  -  450 words
    • Article, Illustration
      Lock icon Suharto gives details of his assets for corruption probe
      318 7 JAKARTA Reuters INDONESIA'S former president Suharto yesterday handed a list of his assets to investigators who are probing allegations that he amassed a fortune through corruption during his 32-year rule and stashed it overseas. Attorney-General Muhammad Ghalib told reporters Mr Suharto
      Reuters; AFP  -  318 words
    • Article
      Lock icon PAL chief files libel suit against union, daily
      152 7 MANILA AFP PHILIPPINE Airlines (PAL) chairman Lucio Tan has filed a 120 million peso (554.7 million) libel suit against a newspaper and the pilots' union over criticism of his management of the defUnct flag carrier, PAL said yesterday. The company said the
      AFP  -  152 words
    • Article
      Uncertainty over China's telecoms policy
      648 7  -  SINGAPORE HE paper says China now plans to open, not tighten, market By\ Lu Ning CONFUSION reigns over the direction that China's telecoms policy is taking as a new report from Hongkong yesterday suggested that the world's fastest-growing telecoms market would soon officially open to
      648 words
    • Article
      Lock icon Snap polls likely by early Nov, surmises DAP's Kit Siang
      312 7 KUALA LUMPUR AFP A MALAYSIAN opposition leader speculated yesterday that a special parliament meeting next week indicated there could be possible snap general elections next month or in early November. Democratic Action Party secretary-general Lim Kit Siang said the government's
      AFP  -  312 words
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  • THE WORLD
    • Article
      Lock icon Global recession unlikely but IMF admits situation is messy
      399 8 WASHINGTON Senior Fond official says world economy could start picking np next year Reuters A SENIOR official from the International Monetary Fund on Thursday played down the risk of a global recession, but admitted that the world economy, racked by problems
      Reuters  -  399 words
    • Article, Illustration
      Lock icon Schroeder ahead of Kohl at end of polls campaign
      435 8 BONN Bat SPD's lead has shrank, floating votes may tip results Reuters CHANCELLOR Helmut Kohl and challenger Gerhard Schroeder campaigned yesterday for the floating votes that could tip tomorrow's knife-edge election and determine who leads Germany into the 21st Century. Pollsters
      Reuters; AFP  -  435 words
    • Article
      Lock icon Extreme right pushes for votes in German polls
      305 8 SCHWERIN, Germany AFP ON the outskirts of the northeast German city of Schwerin, every telegraph pole sports a poster of the extremeright German People's Union (DVU) in the party colours of red, white and black. From 8m off the ground, to deter
      AFP  -  305 words
    • Article
      Fed rate cut needed – and is likely next week: Lehman
      406 8  - Fed rate cut needed and is likely next week: Lehman SINGAPORE By Vikram Khanna AN interest rate cut by the US Federal Reserve is necessary and will probably happen next week, according to John Llewellyn, managing director and chief global economist of the US investment bank, Lehman Brothers. In an
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    • Article, Illustration
      Lock icon Making it difficult for copy cats
      46 8 [WASHINGTON] US Treasury Secretary Robert Rubin at a press conference to present the new US$2O (Ss34) bill on Thursday at the Treasury Department here. Mr Rubin announced that the new harder to<ounterfeit bill would be put into circulation immediately. AFP
      AFP  -  46 words
    • Article
      Lock icon US consumer spending up 0.6%, incomes rise 0.5%
      369 8 WASHINGTON Despite August increases, slowdown seen in months ahead Bloomberg US personal spending increased in August and incomes rose, too, signs that consumers are powering economic growth even as other areas of the economy cool down. Spending rose 0.6 per cent last
      Bloomberg  -  369 words
    • Article
      Lock icon Impeachment vote on Oct 8 or 9
      158 8 WASHINGTON AFP THE House of Representatives will vote on Oct 8 or 9 on whether or not to launch an impeachment inquiry against President Bill Clinton, Judiciary Committee chairman Henry Hyde said on Thursday. The House would be called to decide on a
      AFP  -  158 words
    • Article
      One currency, one voice? EU leaders not quite there yet
      634 8  -  Search to find spokesman blocked fay politics From I Shada Islam in Brussels WITH only three months to go before 11 European Union states get a single currency, EU policymakers are coming under increasing pressure to decide who will speak
      634 words
    • Article
      Lock icon Tietmeyer warns against major financial revamp
      255 8 VIENNA Reuters BUNDESBANK president Hans Tietmeyer yesterday warned against major changes to the world financial system, giving a hint of tough talking ahead at this weekend's EU finance ministers and central bankers meeting. Mr Tietmeyer, addressing a conference in Vienna on the euro's impact
      Reuters  -  255 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Russian provisions drag Acma into $9.45m loss
      467 9  -  It provides $16J>m for impact of rouble crash; sales fall with Aussie, NZ business By R Sivanithy [SINGAPORE] Acma yesterday announced a hefty $16.5 million provision arising from the rouble crisis just one month after claiming that the Russian currency crisis would not
      FILE PHOTO  -  467 words
    • Article
      Lock icon SAS, SIA to sign code-sharing agreement
      217 9 FT [STOCKHOLM] Scandinavian Airlines System, a member of the six-carrier Star alliance, will sign a code-sharing agreement with Singapore Airlines in the latest tie-up in the consolidating airline industry. Executives at SAS, which on Thursday unveiled a 700 million Swedish kronor (Ssls2 million) overhaul
      FT  -  217 words
    • Article
      Entrenched control a barrier to Hongkong bank mergers
      756 9  -  HOCK LOCK SIEW Quak Hiang Whai A BUSINESS development executive recently lamented what he saw as mispricing in the region's stock markets. Citing an example, he noted that a listed Indonesian food franchise with low debts and dozens of outlets across the
      756 words
    • Article
      Scotts' losses balloon to $11.6m on provisions
      276 9  -  Interest costs jump 32%; weak property market takes a toll By\ R Sivanithy [SINGAPORE] Local property firm Scotts Holdings yesterday reported an almost 10fold jump in losses to $11.59 million for the year to June 30, 1998, from $1.2 million in the previous
      276 words
    • Article
      KFC and Idris ticked off by Securities Commission
      635 9  -  From From Meera Tharmaratnam in Kuala Lumpur MALAYSIA'S top securities watchdog yesterday publicly reprimanded the boards of directors of Idris Hydraulic (M) Bhd and KFC Holdings (M) Bhd for failing to discharge their fiduciary duties in a responsible manner in a transaction
      635 words
    • Article
      PSL Hldgs gets nod for Sesdaq listing
      267 9  -  By 1 Teh Hooi Ling [SINGAPORE] PSL Holdings Ltd, a total solutions provider in ground engineering, has received in-principle approval for a Sesdaq listing. The group's core businesses include foundation engineering services, such as bored piling, micropiling and marine anchor work, and geotechnical
      267 words
    • Article
      RMCA Re posts $1.4m net loss
      416 9  -  By\ Soh Tiang Keng [SINGAPORE] Foreign exchange losses and a drop in investment income resulted in a net loss of $1.4 million for RMCA Reinsurance for the financial year ended June 1996. RMCA Re, which five years ago announced a major plan to avert
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    • REGIONAL COMPANIES
      • Article
        Lock icon Amcorp in talks to sell 15% stake in AMMB to US bank
        440 10 It is waiting for Bank Negara's nod to start formal negotiations Bloomberg [KUALA LUMPUR] Arab-Ma-laysian Corporation Bhd, a money-losing Malaysian property and banking group, said it is in talks to sell a 15 per cent stake in its
        Bloomberg  -  440 words
      • Article
        Lock icon Mobile operator TAC sees 8-12% subscriber growth
        463 10 It is talking.to potential foreign partners; debt at manageable level Reuters [BANGKOK] Singapore-listed mobile telephone operator Total Access Communication Pic (TAC) said yesterday it was weathering Thailand's worst recession for half a century and maintaining doubledigit annual growth. TAC vice-president for corporate finance
        Reuters  -  463 words
      • Article
        Lock icon S&P cuts local currency rating on Tenaga
        150 10 AFP [KUALA LUMPUR] Global ratings agency Standard and Poor's yesterday lowered its local currency rating on Malaysian power utility Tenaga Nasional Bhd, saying the company was facing financial pressure. The local currency rating on Tenaga was downgraded to "BBB+" from "A-" while the
        AFP  -  150 words
      • Article
        FJ Benjamin posts $33m loss with key markets hit
        246 10 [SINGAPORE] The collapse of consumer spending in the region exacted a heavy toll on FJ Benjamin Holdings, which yesterday reported a $33 million net loss for the year ended June 30, against an $8 million profit previously. Turnover was down 17
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      • Article
        Lock icon HKR: No plan for provisions for Kowloon project
        362 10 Reuters [HONGKONG] HKR International said yesterday that it does not have any immediate plan to make provisions for the third phase of its Discovery Park residential development in Kowloon if buyers fail to complete their purchase agreements. "We do not have any
        Reuters  -  362 words
      • Article
        Lock icon Cathay Pacific in talks with PAL
        282 10 Reuters [HONGKONG] Cathay Pacific Airways Ltd said yesterday it was in talks with Philippine Airlines Inc (PAL) about existing business agreements but that it was too early to say if it would be interested in buying a part of PAL. "I think it's too
        Reuters  -  282 words
      • Article
        Lock icon SCMP may sell part of magazine division
        249 10 Bloomberg [HONGKONG] South China Morning Post (Holdings) Ltd is holding talks to sell part of its magazine division to an international publisher to bring in new titles, new money and improve its performance, analysts said. Executives at SCMP the publisher of Hongkong's larger
        Bloomberg  -  249 words
      • Article, Illustration
        Lock icon Double the energy
        85 10 [TOKYO] Sanyo Electric workers laying out in the sun the double-sided solar module HIT Power Double, which generates power on both front and back surfaces, outside the company in Tokyo yesterday. Sanyo said its solar subsidiary, Sanyo Solar Industries Co, developed HIT Power Double, which has transparent
        REUTERS  -  85 words
      • Article
        Up to 400,000 share options a year for OCBC chief
        153 10 [SINGAPORE] OCBC Bank has passed an ordinary resolution that will give its new chief executive officer and executive director Alex Au options to buy up to 400,000 shares a year. The bank's deputy presidents Elizabeth Sam and Wong Nang Jang
        153 words
      • Article
        Lock icon Khong Guan cans planned acquisitions
        149 10 Reuters [KUALA LUMPUR] Biscuit maker Khong Guan Holdings Malaysia Bhd said it has terminated various share acquisition agreements and a proposed rights issue of 23.62 million shares. The company said it has withdrawn from a deal to buy 4.28 million shares in Setron Bhd from
        Reuters  -  149 words
      • COPORATE Results
        • Article
          Straits Trading sinks into $12.6m loss
          130 10 [SINGAPORE] Straits Trading Co yesterday said it fell into the red at half-time, with a net loss of $12.6 million against net profit of $5.9 million previously. Operating profit before exceptional item was $11.7 million. There was an exceptional writedown of $23 million for
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        • Article
          SPC interim net shrinks to $310,000
          101 10 [SINGAPORE] Singapore Petroleum Company yesterday announced a 96 per cent plunge in half-time earnings to $310,000, and a 30.3 per cent drop in turnover to $629.19 million. It said the Asian crisis was the main reason for the poor showing and expects demand to
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        • Article
          Wepco cuts losses to $352,000
          103 10 [SINGAPORE] Sesdaq-listed electronics firm Wepco yesterday reported a net loss of $352,000 for the six months ended June 30, down from $722,000 in the year-ago period. Turnover fell 50 per cent to $3.7 million because the electronics industry slowdown took a toll on the company's
          103 words
        • Article
          Broadway interim losses swell to $6.9m
          126 10 [SINGAPORE] Packaging firm Broadway Industrial has suffered a more than five-fold jump in interim losses from $1.37 million for the six months ended June, *****7 to $6.9 million this year. Turnover took a 12.6 per cent knock to $32.75 million mainly because of a
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        • Article
          MHE profit drops 55% to $199,000
          116 10 [SINGAPORE] Engineering firm MHE Holdings yesterday announced a 55 per cent profit plunge to $199,000 and a 25 per cent decline in turnover to $14.85 million for the year ended June 30. The falls were attributed to the regional crisis and a $208,000 foreign
          116 words
        • Article
          Sea View in the red with $3.2m loss
          109 10 [SINGAPORE] Sea View Hotel yesterday posted a net loss of $3.2 million for the year to June 30, against a $2 million net profit in 1997. Turnover fell 23.8 per cent to $16.5 million. The group's hotel operations were profitable, but a
          109 words
        • Article
          Chuan Soon Huat net inches up 3%
          104 10 [SINGAPORE] Door maker Chuan Soon Huat Industrial yesterday said its interim net profits edged up 3 per cent to $1.35 million. If not for a provision of about $203,000 made for diminution in the value of the company's portfolio of marketable securities, its
          104 words
        • Article
          Teck Wah trims losses to $12,000
          77 10 [SINGAPORE] Teck Wah Paper Products has trimmed its interim loss to $12,000 from $362,000 a year ago due to cost reduction. Turnover declined 2 per cent to $25.8 million. For the current half-year, directors do not expect performance to be any better. Net additional
          77 words
        • Article
          PSC earnings fall 34% to $2.48m
          57 10 [SINGAPORE] Provision Suppliers Corporation reported a 34 per cent drop in net earnings to $2.48 million at half-time due to the depreciation in the ringgit and a rationalisation of its healthcare activities. Turnover fell 6.8 per cent to $71.6 million. The company expects a
          57 words
        • Article
          CSC posts S1.1m interim net profit
          80 10 [SINGAPORE] Piling contractor CSC Holdings, which was listed in April this year, yesterday turned in half -time net earnings of $1.1 million on turnover of $51.8 million. The company said its performance had been adversely affected by the regional crisis. Local property developers had
          80 words
        • Article
          Lock icon Westmont profit slides 24% to RM31.5m
          45 10 Bernama [KUALA LUMPUR] Shipping group Westmont Industries reported a 24 per cent decline in pre-tax profit for the six months ended June 30,1998 to 31.5 million Malaysian ringgit (5114.1 million). Turnover dropped 68 per cent to RM11.7 million. Bernama
          Bernama  -  45 words
        • Article
          Lock icon Pacific Chemical profit tumbles 22%
          83 10 Bernama [KUALA LUMPUR] Pacific Chemical said group pre-tax profit fell 22 per cent to RM14.3 million for the half-year ended June 30,1996. Turnover was down a marginal 3 per cent to RM65.3 million. Pacific Chemical said the decrease in profit was mainly due to provisions
          Bernama  -  83 words
        • Article
          Lock icon Ayamas profit halved to RM4.5m
          70 10 Bernama [KUALA LUMPUR] Ayamas Food Corporation has reported a group pre-tax profit of RM4.5 million for the half-year ended June 30,1998, down 57 per cent from RM10.4 million in the previous corresponding period. However, group turnover rose 1.2 per cent to RM160.9 million. At the
          Bernama  -  70 words
    • COMPANIES
      • Article
        Lock icon Morgan Stanley's Q3 net income falls just 5%
        512 11 Company outshines rivals, beats analysts'forecasts despite rough patch NYT (NEW YORK] Morgan Stanley Dean Witter Co reported a 5 per cent drop in net income for its third fiscal quarter on Thursday, but it beat analysts' expectations and turned in a stronger
        NYT  -  512 words
      • Article
        Lock icon Sharp predicts plunge in earnings as economic gloom worsens
        376 11 It expects HI net to fall to 25b yen from 20.3b yen Reuters [OSAKA] Japanese electronic parts and appliances maker Sharp Corp yesterday said it expected a steep drop in profits as deepening economic gloom in Japan and the rest of
        Reuters  -  376 words
      • Article, Illustration
        Lock icon HSBC unit to buy US bank
        199 11 AFX-Asia [LONDON] Marine Midland Bank, a unit of HSBC Holdings Pic, agreed to buy First Commercial Bank of Philadelphia for U5523.75 miUion (5540.6 million) in cash, as it expands its service to the Asian community and buUds a retail network in the Philadelphia area.
        AFX-Asia; REUTERS  -  199 words
      • Article
        Lock icon Top Japan chip makers slashing output by 30%
        147 11 AFP [TOKYO] Japan's top five microchip producers will cut their planned output of 64megabit memory chips by 30 per cent by next March due to falling demand, a report said yesterday. The production of the dynamic random access memory (DRAM) chjps by
        AFP  -  147 words
      • COMPANY Briefs
        • Article
          Lock icon Thai Danu Bank drafting NPL plan
          95 11 AFX-Asta [BANGKOK] Thai Danu Bank is drafting a plan to deal with its non-performing loans (NPLs) before it is forced to raise more capital, the Bangkok Post has reported. It quoted senior vice-president Chaiwat Uthaiwan as saying that if no action is taken, he
          AFX-Asta  -  95 words
        • Article
          Lock icon Dataprep plans RM5Om rights issue
          77 11 Bernama [KUALA LUMPUR] Dataprep Holdings, which is facing shareholders' fUnds deficit and current liabilities exceeding current assets, is planning a rights issue of 50 million Malaysian ringgit (5522.5 million) and aims to secure more contracts to improve its financial position. But the amount and entitlements
          Bernama  -  77 words
        • Article
          SingTel fixed line services' new head
          95 11 [SINGAPORE] Former director-general of Telecommunication Authority of Singapore Lim Chuan Poh has been appointed Singapore Telecom's chief executive for fixed line services. The appointment will take effect from Oct 19,1998. Mr Lim will head SingTel's Fixed Line Services Directorate, which oversees the provision of
          95 words
        • Article
          Omni Electronics' exposure to Richgold
          88 11 [SINGAPORE] Omni Industries yesterday said its unit, Omni Electronics Pte Ltd, has an exposure to Richgokl Industries Pte Ltd, which is seeking a court onto* fen* judicial management. Richgold owes Omni Electronics US$BlO,OOO (Ssl.6 million) from an electronics sub-assembly supply contract, it said. Omni Industries
          88 words
        • Article
          Lock icon B&Q and Castorama to merge
          78 11 Bloomberg [LONDON] Kingfisher pk and Castorama SA said the UK company will merge its BAQ home-improvement chain with the French home-improvement retailer, creating a company with sales of USS6.9 billion (Ssll.B billion). The companies said a merger has been agreed between Kingfisher and Castorama Dubois
          Bloomberg  -  78 words
        • Article
          Lock icon Castle Peak to close China and US units
          66 11 AFX-Asia [BANGKOK] Castle Peak Holdings pic said it will doee loss-making units in China and the US effective Sept 30, 1996, because of unsuccessful operations and intense competition. In a statement filed with the Stock Exchange of Thailand, the company said it
          AFX-Asia  -  66 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        572 11 Vassal Voy Mo Barth Antral Dtpartu Jra|M Art DwtaMov *558 J08 alongside 2109/0401 M* S*W 3498 J02 tonfl** 25.09/2015 K *rwg SM *****6 JOI alongside 25 09/2231 K M J*T *****6 JOI Aw«sM* 24.09/020 M Lesaa Jtm *****8 JOI aloagside 2t.09/0«0( «NT*r *****8 JOI atongride 24.09/0401 V»« *****8
        572 words
      • Article
        CONTAINER SCHEDULES
        1469 11 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Bstls SMp Voy Mo Ett/Btr Poftod Frow To Frow UiOmy 015* 27/800 M 25/800 25/1459 25/800 25/1900 25/MM 23/000 U 25/1700 24/0459 24/0900 a 25/1700 24/065* 24/0900 1 24/0700 24/109 24/MOO 4 24/1200 24/W59 24/1700 Ml MM JDS 20/2300 U
        1,469 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Fear of wider damage fuelled Long-Term bailout
        449 12 LTCM FALLOUT There's concern that hedge fund's failure could cause financial market meltdown Reuters [NEW YORK] Long-Term Capital Management, plucked from the brink of collapse by a US$3.5 billion (Ss6 billion) bailout, has a six-month reprieve, but with US$BO billion in investments, its
        Reuters  -  449 words
      • Article
        Lock icon Some hedge funds still raking in profits
        436 12 NYT [NEW YORK] Not all hedge funds have suffered the losses of Long-Term Capital Management, which is accepting a cash infusion of US$3.4 billion (Sss.B billion) just to stay afloat. Tonga Partners, a six-year-old fund run from San Francisco, said that it was
        NYT  -  436 words
      • Article
        US dollar trading sideways
        526 12 USS/mark: While US$/mark traded on a softer note this week, it was not a steady decline. The establishment of a lower low from the previous day has always been followed by a strong rebound to test the resistance at 1.6970. Trading yesterday seemed to follow suit.
        526 words
      • Article
        Lock icon Euro$ firms as Asian stocks slide
        165 12 SlWil-iX Report Reuters [SINGAPORE] Simex Eurodollar futures firmed yesterday as participants pinned their hopes on a US interest rate cut amid declines in global stock markets. Tokyo's Nikkei share average lost 3.4 per cent, dragging down markets across Asia, after a 1.9 per cent
        Reuters  -  165 words
      • Article
        Futures give back gains after Dow's fall
        183 12  -  MS& TAIWAN FUTURES Ms Cecilia Loh service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures erased gains of the past days, edging down 0.80 of a point. Market sentiment was dampened after banks and top brokerages led the fall in Dow
        183 words
      • Article
        Lock icon Oil slightly up as Opec cuts are evident
        320 12 ENERGY REPORT Reuters [LONDON] Oil prices ticked sideways yesterday as the market maintained a firm grip on the solid gains established over the past six weeks. London futures for benchmark North Sea Brent blend traded three cents higher at U5514.70 a barrel
        Reuters  -  320 words
      • Article
        Lock icon CURRENCY REPORT
        277 12 AFP AFX-Asia London THE dollar regained lost ground in afternoon trading on short covering in the European market, but dealers said any uptick in the US currency is likely to be temporary in the face of a possible policy response to worries over the health of the US
        AFP; AFX-Asia  -  277 words
      • Article, Illustration
        Untitled
        1191 12 DfTERBAMK CROSS RATES sep25 A* C$ —fc ECU ffr 9m m Tw i* tajmis Peso S$ Vr W1% 9m Hm* W *5*51 0.893 6.178 OJM 1303 ***** 4577 23.*****454 0.795 lift 2245 U8I3U66 25*48 14* 1430 8413 ***** ***** 0447 04H Cmda 1120 MM OJM 3499 L103 5.126 28.1* *****
        1,191 words
    • Article
      COMMODITY PRICES
      1754 13 SICOil FUTURES Sep 25 RUMCI (Marts dosfae m M SJOpn) RSS1 CONTRACTS cmHAq) CteM VotaM Open Mawtti Uw S«tt (to—«) Iwtftrt Oct 98 .***** 1050 Nov 98 ***** 1550 0«C 98 124.00 1450 Jan/Mar 99 126.50 1950 Apr/JOT 99 130.75 1950 Jtfftap 99 135.25 150 8SS3C0NT*ACT(USc«iti/t4) VotaM Optn
      1,754 words
    • Article
      WORLD STOCK MARKETS
      2213 13 LONDON MhIIUS sua N*« 31 Group 477.400 21.600 AB Ports 256.000 unch A(X>ay National 1024.800 -70.200 Allied Oomtcq 421.000 1.000 A mac 147.400 -0.600 Asda Group 169.200 1.800 BAT Ind 451.600 -26.000 BG Pic 394.000 19.000 BICC 61.000 -2.000 BOC Group 724.000 -13.000 BR Patrolaum 867.000 -15.000
      2,213 words
    • Article
      Lock icon TOKYO
      1620 13 Bloomberg Q Nikkei 225 -48LM THE Nikkei index recorded its steepest decline in two weeks yesterday, led by banks, after opposition parties rejected the government's latest compromise on legislation to stabilise the country's fragile financial system. Fuji Bank Ltd and Sakura Bank Ltd set the pace, followed by exporters
      Bloomberg  -  1,620 words
    • Article, Illustration
      Lock icon HONGKONG
      1486 14 Reuters P Hang Seng -133 STOCKS limped to a lower close yesterday in sympathy with weak overseas markets, but the Hang Seng Index was expected to have limited downside ahead of the index futures expiry next week, brokers said. The Hang Seng Index lost 133 points to 7,701.61 after
      Reuters  -  1,486 words
    • Article, Illustration
      Lock icon CHINA
      616 14 Reuters n Shenzhen B Index -0.40 SHENZHEN'S hard currency B shares ended lower in line with Hongkong stocks yesterday as turnover continued to shrink ahead of next week's National Day holiday, analysts said. The B Index dropped 0.40 of a point to 64.17 on turnover of HK$6.4 million. "Hongkong
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  616 words
    • Article
      Lock icon TAIPEI
      355 14 AFP Q VP Index -0.06 SHARE prices ended virtually unchanged yesterday in thin trading as investors took to the sidelines pending the emergence of new leads, dealers said. The Weighted Price Index dropped 0.06 of a point to 6,979.89, following a 0.3 per cent rise the previous day. "Investors
      AFP  -  355 words
    • Article, Illustration
      Lock icon JAKARTA
      705 14 AFP Q Composite Index -&94 SHARES dropped 2.5 per cent yesterday following the previous day's sharp gains, dealers said. "It was just a technical correction following yesterday's sharp rise," a dealer with a European brokerage said. The Composite Index closed 6.94 points down at 275.22, a day after gaining
      AFP  -  705 words
    • Article, Illustration
      Lock icon BANGKOK
      760 14 AFP □SET Index -L 25 THAI shares closed 0.5 per cent lower on profit-taking yesterday. Analysts said investors creamed off gains from Thursday's 8.2 per cent jump, but some buying emerged in the late afternoon to lift the main index off its intra-day lows. "There's been a bit of
      AFP  -  760 words
    • Article
      Lock icon MANILA
      305 14 AFP Q Manila -4.79 SHARES closed marginally lower yesterday on last-min-ute profit-taking spurred by a sharp drop on Wall Street, analysts said. The Composite Index fell 4.79 points to close at 1,215.46. Total shares traded reached 1.23 billion worth 676.4 million pesos. Philippine Long Distance Telephone Co fell 20
      AFP  -  305 words
    • Article
      Lock icon SEOUL
      404 14 AFP P Composite Index -&96 SOUTH Korean shares closed yesterday lower on profit-tak-ing and continued worries over regional markets following a steep decline on Wall Street, dealers said. A dealer at Korea First Bank Securities said the market gained no impetus from continued foreign buying, with retail investors selling
      AFP  -  404 words
    • Article
      Lock icon SYDNEY
      594 14 AFP CI All Ordinaries -5L5 SHARES ended sharply lower yesterday on bearish sentiment in the US market, losses in key Asian bourses and local profit-taking, brokers said. The All Ordinaries Index fell 51.5 points to 2,563.4. Turnover totalled 359.40 million shares worth A 51.41 billion. The All Industrials finished
      AFP  -  594 words
    • Article
      Lock icon WELLINGTON
      255 14 AFP n Wellington -2L27 STOCKS fell 1.2 per cent yesterday, influenced by the weaker ofT-shore markets and a sharp fall on Wall Street overnight. The NZSE-40 Index fell 21.27 to 1,709.19 points on turnover of NZ599.5 million. Brierley Investments Ltd took some more hits losing four cents to 34
      AFP  -  255 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8471 15 MOUSTMALS Consumer pfi^Kts 1998 Lett Vol Day Net Cap Hm. L— Cimiiry »a»e 'OOP MM» Law M >«"* 310 170 Ajinomoto 210 11.6 85.1 148 35 Angkasa 59 -1 39 60.5 58.5 14 87.0 290 123 Apollo Food Hlg 176 6.1 70.4 388 108 Berjaya Land 142 -1 254 143
        8,471 words
      • Article, Illustration
        Lock icon Shares ease slightly on profit-taking
        395 15 AFP Bernama Q Composite Index -OJ9 MALAYSIAN share prices ended mildly lower yesterday but off earlier lows in range-bound trading on profit-taking ahead of the long weekend, dealers said. The Composite Index closed at 387.27 points, down 0.19 of a point. The Second Board Index
        AFP; Bernama  -  395 words
    • WARRANTS&OPTIONS
      • Article
        Untitled
        2564 16 BONOS, LOANS WARRANTS wt '"8 Last Vol Day Last OuoU Avq High Low Stno Company Salo ♦or- COOO) HI9I1 Low Buyor Sailor Price 20.5 3 3160 'Acer W*****1USS 4.5 -0.5 44 4.5 4.5 4.5 5.5 95 5 3164 Acma W*****4 7 -0.5 98 7 6.5 6.5 7 7 3161 AIITech
        2,564 words
      • Article
        Market too harsh with Pertama wrt?
        218 16  -  WARRANT WATCH -By. R Sivanithy HAS the market gone overboard with its treatment of Pertama Holdings' 1999 warrant? At its current price, it looks like the market is betting on there being no recovery in the market or the company's fortunes, whatsoever, between now
        218 words
      • Article
        CLOB INTERNATIONAL
        231 16 HONGKONG STOCKS Or Or 1998 V«4 Day Last Quote Otv Oty YM Nat M Cap High Low Stno Company SO* COOP) HlqH Low Buyer S«ftf Cvr H P/C $mll *400 250 5123 COL (2000) HK 400 I 385 &0 2.4 2.0 20.5 7744.7 5124 Cathay Pac 20c HK_
        231 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6527 17 Transaction date Sep 25 Or Or M wt 1996 Last Vol Day L»t« OuoO Otv Wv YW Mat Cap Avg High Law StNo Company Saia COOP) High Law Buyar SaHar H C vr H P/C $mM Prtca MULTHNDUSTRY 142 49.5 m t 1000 Acma
      6,527 words
    • Article
      SESDAQ
      1121 17 at or mm u*t V« Da* LaatOuata W* Dtv YM Nat Cap A*« High L— StNa Ciw>—I *h COOP) H» Law 8«yr «—«r Cw H W >— Ww MANUFACTURING 243 30 a 2049 AS Auto 10c TO id H 1275 71 683 69.5 70 1S.0M 7.0 2.1 U 79.9
      1,121 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        345 18 Sttto Vol— Heshe Hldgs25c 12,615,000 ST Engg 10c 7,480,000 Keppel Land50c 7,196,000 DBS Land 6,671,000 'Genting Int 5,636,000 Datapulse 5c 5,403,000 City Dev 50c 4.441,000 Wing Tai 25c 4,370,000 E Res WtOI 4,204,000 Parkway Wt98 4,082,000 Stocks City Dev 50c 15,953,370 STEngglOc 12,173,400 SIA Foreign 10.344,773 SPH 9,165,040 SingTel 15c
        345 words
      • Article, Illustration
        Dow pullback, Nikkei plunge put brakes on recovery
        671 18  -  STOCK MA&KBT COMMENTARY Property stocks among largest losers; news that a US hedge fond is teetering on the brink of failure sends Wall Street skidding By R Sivaiiithy [SINGAPORE] A pullback on Wall Street on Thursday because of a hedge fund failure
        671 words
      • ON THE GRAPEVINE
        • Article
          The westward salvos
          143 18 THERE is no let-up In Asia's attack on the value system of the West in spite of the turbulent times we now live in, or precisely because of that? Malaysia's Prime Minister Mahathir Mohamad has defended his decision to sack his deputy Anwar Ibrahim. "In the West,
          143 words
        • Article
          Punch lines?
          97 18 TAXI operator City Cab is known for its innovation, and it shows not only in the types of services it offers. In a press advertisement yesterday, it announced a new emergency phone-booking service with the following headline: "1900-915-2222. The City Cab emergency hotline that guarantees you more than
          97 words
        • Article
          Clinton comes handy
          68 18 IT has been said that fund managers have very little to do these days apart than sending jokes about US President Bill Clinton's indiscretions to all and sundry via e-mail. Well, one fund manager kind of confirmed it. She said: "We have got to keep our clients
          68 words
        • Article
          Buy low, sell high, it's that simple
          125 18 WHY did stock prices fell yesterday? because of a 150-point drop in the Dow, or a 400-point fell in the Nikkei? Or was it because of news of demonstrations in Malaysia? If one industry expert is to bg, believed, none of these explanations
          125 words
      • Article, Illustration
        HOT STOCK
        65 18  -  by Shiv Taneja AMTEK Engineering closed one-and-a-half cents lower yesterday at 42.5 cents on a volume of 2.3 million shares, just of its 10-day traded average of 2.5 million shares. In the near term, (here is some upside for this stock, but will be running out of steam
        65 words
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      27 15 +The KLSE score boa rd can be found at the following Internet address: www.asial.com.sg/btstocks Making smart education I choices begins with The Straits Times t Classified. o
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      30 17 1 Buyina or selling throush A mi*'- At v>kedTy The Straits Times Classified is child's Play. jjflß m HHTJ I they're so J I i 4 call CAT.S. at 1800*737*1166.
      30 words
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      Page 18 Advertisements Column 1
      550 18 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 ADVERTISEMENT PROVISIONAL LIQUIDATOR STATUTORY DECLARATION BY DIRECTORS OF WILBORNE INVESTMENT PTE LTD (Registration No: *****1706G) 1. Leong Tong Heng of WILBORNE INVESTMENT PTE LTD of 23 Hume Avenue #04-07 Singapore *****9 IC/Passport No: *****718Z make oath and say as follows: 1.1 am a director
      550 words
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      Page 18 Advertisements Column 2
      950 18 POPULAR HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of POPULAR Holdings Limited will be held on Tuesday 13 October 1998 at 10.00 am at Room 1, Level 2, Pinetree Town Country Club, 30 Stevens Road,
      950 words
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      Page 18 Advertisements Column 3
      18 18 r mT" 4 The Straits Times Classified comes in handy when J I'm looking for t handicraft courses.J
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      Page 18 Advertisements Column 4
      315 18 NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF WILBORNE INVESTMENT PTE LTD (PROVISIONAL LIQUIDATOR APPOINTED) Notice is hereby given pursuant to section 296 of the Companies Act (Chapter 50) that a meeting of the creditors of the abovenamed company
      315 words
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      Page 18 Advertisements Column 5
      335 18 IN THE MATTER OF THE COMPANIES ACT CAP. 50 and STARW IDE PTE LID (In Members Voluntary Liquidation) Al an Extraordinary General Meeting of (he abovenamed company duly convened and held al 30 Jalan Sultan #21-04 Jalan Sultan Centre Singapore *****4 on 23rd day of September 1998 tfie following Special
      335 words
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      Page 18 Advertisements Column 6
      44 18 BUY seuit FIND I j I 4-^'-Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. TOIL fI I 1800-737-1)64 „«£J (all T«4ar far taialis !t»«rr«».
      44 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Awaiting new stage directions
      1817 19  -  Now that English language theatre has established itself in Singapore, where is it going next? pabvathi kabayax takes her cue from the big players PARVATHI NARAYAN IT'S A good time to take stock of English language theatre in Singapore now that many local theatre companies, though
      FILE PHOTOS  -  1,817 words
    • STRAWS In The Wind
      • Article
        Safe bat sorry sex
        130 19 SINGAPORE men are a paranoid bunch when it comes to sex, going by the results of Durex's recent global poll. Sixty-eight per cent use condoms, against a global average of 52 per cent. The reason: More than half the men surveyed were very worried about catching
        130 words
      • Article
        Champagne solution
        64 19 THERE'S no question that these are tough times, and likely to get worse with CPF cuts on the cards. So one designer brand decided to organise a pho- to exhibition here called "Life is Tough Enough". One wonders what the definition of tough is for a designer label,
        64 words
      • Article
        Up close and very personal
        42 19 DAVID Letterman had a field day with the Clinton-Lewinsky saga recently. Among the top 10 slogans he suggests Clinton might use should he ever run for president again: "Bill Clinton in touch with the young of America."
        42 words
    • VIEWPOINT
      • Article
        Help! There's a celebrity in my favourite restaurant
        701 20  -  Off the cuff h Twinkle, twinkle little stars, how we wonder what yon are especially now that celebrity status seems to be conferred on anyone who reads the news on TCS or hosts a few MTV shows by Jaime Ee MY SISTER
        701 words
      • Article, Illustration
        Lock icon Long in the tooth but short on economic change
        1092 20  -  Japan has gone from being a very youthful society in the 1960s to one of the world's oldest societies in the *****. It is, in fact increasingly becoming the world's granny. Looking at Japan in this fashion helps explain its behaviour
        LAT-WP; FILE PHOTOS  -  1,092 words
    • ART
      • Article, Illustration
        Lock icon Portrait of a young artist
        1285 21  -  There is no doubt that Alexandra Nechita is a precocious 13-year-old with prodigious talent but how original is her vision? parvathi marayam meets the young painter known as the Petit Picasso PARVATHI NARAYAN HOW WOULD you define the term child prodigy with reference to art?
        CHRIS LOH  -  1,285 words
    • MOTORING
      • Article, Illustration
        A champ by any standard
        669 21  -  The M 5 is the most muscle-bound beast to come racing ont of BMWs motorsport stable By i Christopher Tan THE letters R, S, T or X. You've seen them, often glowing in red, on the rump of high-performance machines. Honda Integra Type R, Ford
        669 words
    • Article, Illustration
      Hip in parts but fractured as a whole
      563 22  -  CINEMA The Big Hit, Hongkong director Che-Kirk Wong's Hollywood debnt, is very much like its lead character Mel they're both fairly likeable bnt sadly one-dimensional By. Parvathi Narayan HE'S JUST a hitman who wants to be liked. This core premise is really
      563 words
    • Article, Illustration
      Making his point in Tinseltown
      750 22  -  CINEMA Hollywood may have hobbled Jackie Chan's martial arts style, but his personality is as irepressible as ever in Rash Hoar. He's certainly faring better oat West than Chow Yon-Fat and Jet Li By\ Susan Tsang IN RUSH HOUR, Hongkong action star Jackie Chan has
      750 words
    • Article, Illustration
      Lock icon My mother, myself
      578 23  -  CELEBRITY Meryl Streep tells what attracted her to the lead role in One True Thing By\ Sharon Waxman LAT-WP ASK America's most accomplished actress which has been harder, acting or mothering, and she does not hesitate for an instant. "Mothering. Definitely," she shoots back during a conversation
      LAT-WP  -  578 words
    • Article, Illustration
      WHAT'S ON
      380 23  -  Compiled by M Yasotha nunc Singapore Symphony Orchestra New Asia Series/ Pre-Tonr Concert Singaporean violinist Lee Huei Min, now based in Yale, will perform Wieniawski's First Violin Concerto. Also on the programme are Mendelssohn's Ruy Bias Overture and Dvorak's Eighth Symphony. Shui Lan conducts. Oct 2 3, 8.15pm
      380 words
    • EPICURE
      • Article, Illustration
        Common-sense approach to Chinese cooking
        798 24  -  Eileen Lo is a purist when it comes methodology, but her cooking techniques are precise and easily copied by ther~ most clueless of novices. She also teaches tam su ten how to mix politics and dumplings at a dinner party TAN SU YEN Eileen Yin
        798 words
      • Article, Illustration
        A burst of fresh flavours
        490 24  -  CHEFS Peter Doyle's quiet, aromatic cuisine re veals his soft spot for herbs By Tan Su Yen UNFETTERED by the cultural baggage of classical European kitchens, Sydney has produced some of the region's most promising young chefs. Like their young continent, their work is often
        490 words
      • Article, Illustration
        Bastiani update: new items at affordable prices
        188 24 CRAVINGS J P BASTIANI in Clarke Quay recently updated its menu, keeping prices affordable and portions decent. We especially liked the cabernet marinated quail salad with foie gras ($l3). The quail was moist, juicy and free of any gamey undertones. And the little
        188 words
      • Article, Illustration
        Salut turns two
        141 24 SALUT, the ornate French/ Italian restaurant with the always superb if expensive food, turned two last week. The restaurant's elegant owner, Jessica Lim, celebrated in style, with a glamorous sit-down dinner for top clients and business associates. The four-course dinner kicked off with a salad of Boston
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      • Article
        Autumn treats
        72 24 THE Northern hemisphere autumn is a time when seasonal foods make an appearance in Chinese restaurants. Hua Ting in Orchard Hotel has something called "Japanese fish" on its Mid-Autumn Promotional Menu. Deep-fried in a light batter, this long thin fish which can be eaten bones and all, is
        72 words
      • Article
        Online mooncakes
        77 24 LOG ON to www.crowneplaza.com.sg and order mooncakes online from Royal Crowne Plaza Singapore. Orders of four boxes or more come with free delivery. The hotel's mooncakes were created by TV personality Moses Lim, working with the hotel's chef Henning Wittchen. Says Henning: 'It's fun for an angmoh like
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      • Article
        Latte explained
        118 24  -  Compiled by Tan Su Yen THE FRENCH call it cafe au lait and the Italians cafe latte, but what's the real difference between an au lait and a latte? Alvin Sabai of Au Bon Pain has the answer. Cafe au lait is made very simply with regular coffee
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      • Article, Illustration
        Californian pizzas with loads of pizzazz
        631 24  -  RESTAURANT By] Parvathi Narayan WHAT do you call two lawyers who get tired of defending white collar crime and get into a business they really love? The founders of California Pizza Kitchen (CPK). When Rick Rosenfield and Larry Flax opened the first outlet in
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    • Article, Illustration
      CINEMA
      730 25 Armageddon. An oil driller (Bruce Willis) is mankind's best hope against an asteroid on collision course with earth. Yishurt, Tampines. The Big Hit. Mark Wahlberg is a professional hitman, but outside his job he is a softie who just wants to be liked. Hongkong director Che-Kirk Wong's Hollywood debut
      730 words
    • Article
      ENQUIRIES AND BOOKINGS
      114 25 Cathay Org Cattwy 336-3400 Eastshore 346-1816 Orchvd 235-8386 Pidurehouse 338-3400 Yangta 223-7529 IngWah Empress 777-5867 JuW ee 454-1640 Mandarin 292-9401 Marina 338-9719 Whtesands 585-1782 OoMen Village 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina Tampines 8 Tiong Bahru Yishun Ciemertfi/Co'weaßh 777-0669 Goktortftew Town 298-5466
      114 words
    • TRAVEL
      • Article, Illustration
        Lock icon In search of Braveheart
        1781 26  -  What do Robert the Bruce and William Wallace, Dunfermline Abbey and Stirling Castle have to do with a road tour of Scotland? Plenty, as bahita elias discovers that history can be fun with or without the help of Mel Gibson RAHITA ELIAS YOU'VE seen them on
        ALL PHOTOS BY RAHITA ELIAS FOR BT  -  1,781 words
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      67 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: How do you find inner peace? Only transcendental meditation works for me—3o.4 per cent. Eating butter on toast amongst friendly Swiss cows and drinking
      67 words
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      Page 22 Advertisements Column 1
      94 22 Previewing at Cathay, Eng Wah, Golden Village, Shaw, Overseas and Golden Village cinemas. Rated PG. m *■< 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
      94 words
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      Page 22 Advertisements Column 2
      203 22 f ALMOST £XCt!. 1 i- ..ii >:• C-\. > 5/1ri»? p».iri ri; <- v v :C'.« :*•>« ?.>.< S v •>• i ftK oa.. 6.r 'A .'•> V, I lIW t g drive you a> co*r> 'Ci. H forward t If you are looking for a set of wheels, turn
      203 words
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      416 23 Showing at Shaw, Cathay, Overseas, United Artists, Eng Wah and Golden Village cinemas. Rated PG. llfL ni n A J' n n „J gw> r Offers 70 members only airport lounges SglM to.h#.c* Where to Wine, dine ana entertain... intemaiiomr other card companies talk about 290 4545 "Tunch" is the
      416 words
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      Page 23 Advertisements Column 2
      99 23 of Mfo-AwtMHltl Mooncake Festivities 6 September 5 October 1998 Please call 735 5887 faaiwrti for your orders Mandarin UU Singapore 333. Orchard Road. Singapore *****7. Tel: 737 4411 Sunday 12 noon to 5:30 pm Adult $18.80* Child $9.40* No better way to enjoy Sunday than a leisurely Buffet Lunch that
      99 words
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  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      2076 25 TODAY'S TV rwitew 12 IV f XTTi Mat Bond (Malay Movie). RECOMMENDED VIEWING 4JO PenciDta 10.00 AM Response TV. M f L too Taman Sesame -Sr 2 Mums Who the night With a live iS SSYuSSXttall mo Denver. The Ustmno. HIOQQIO Asian riiih HB < Sl UdhayaThaaragai: (TalTwo Guys, A
      2,076 words
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