The Business Times, 28 March 1998
1998-03-28
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The Business Times
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Title Section15 1998-03-28 1 The Ri istnessTimes MITA (I*) IHVI2/97 85C SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, MARCH 28-29, 199815 words
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Article65 1998-03-28 1 □sra MB3J3 (+2.29) BT-SRX MM (+10.92) BTOOMP 1,459.47 (+6.12) BTOOKP 807J3 (+5.99) STOCK MAHETDTOICBS Friday Change KLSE COMP 717 J2 4.69 NIKKEI 16,***** -241* HANG SENG 11,715.6. 2218 SET INDEX *69.86 -98J JAKARTA COMP 5411 +91# MANILA COMP _H81.6« £71 TAIPEI WP1 9,095.83 >81.66 SEOUL COMP 503.08 +1.9665 words
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Article75 1998-03-28 1 FOKEX SATES USS SS US$ 1.591 £(USS/S$ per S) 1.687 2.684 DM 1 m 0.87* YEN 129.9 1533* MS SM> 9.444 HKS 7.748 9196 RANT 18.45 9.M1 RUP1AH 0.019* SttolOOuniti PBIHE KATES SINGAPORE* 7.81 KUALA LUMPUR 1150 JAKARTA .28.00 BANGKOK 14.75 MANILA HONG KONG 10.25 TAIPEI A80 SYDNEY 8.4575 words
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Article, Illustration583 1998-03-28 1 David Boey - Accolades for Philips S'pore chairman, Tan Chiang Brother's Marble By David Boey [SINGAPORE] A polytechnic graduate, a secondary school drop-out, and a lawyer who never spent a single day in a courtroom this trio won honours last night at the 1997 SingaporeCHRIS LOH - 583 words
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809 1998-03-28 1 Quak Hiang Whai - Bnt analysts and politicians say the cut is too small From Quak Hiang Whai in Hongkong REFLECTING the stabilising currency situation and improving sentiment, Hongkong banks yesterday cut interest rates by a quarter point, a week after Singapore's DBS Bank pared its809 words
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456 1998-03-28 1 S N Vasuki - Package will be action oriented with measurable performance targets From S N Vasuki in Jakarta INDONESIA and the International Monetary Fund are working on an "action-orient-ed" package with "measurable" performance targets, a senior government official told BT yesterday. The official, who did not want456 words
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565 1998-03-28 1 Chuang Peck Ming - Original aim of tapping region to increase economic space remains valid By i Chuang Peck Ming [SINGAPORE] Five years after Senior Minister Lee Kuan Yew launched the go-regional drive at the Singapore Business Awards. National Development Minister Lim Hng Kiang last565 words
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Page 1 Advertisements
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Advertisement110 1998-03-28 1 DISIPE Watch jmar unit trust Tex) much cash in your unit trust portfolio? Are you getting ripped off? Pf 3 Hack Lick Star What do Delgro and Natsteel have in common? Pf IS A J I Fhi and hiccups Despite the region's ills, the industry is seeing hefty investments by110 words
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Advertisement8 1998-03-28 1 IMF still studying Indon debt rescheduling, Pg 78 words
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Advertisement37 1998-03-28 1 Winners' profiles, Pgs 4& 5 ALFRED DUNHILL LONDON The New AD 2000 Carbon Fibrf. Fountain PenAVAILABLE ONLY AT ALFRED DUNHILL SHOPS IN RAFFLES HOTEL ARCADE, THE PARAGON, NGEE ANN CITY, SOGO RAFFLES CITY AND DAIMARU LIANG COURT37 words
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SINGAPORE AT HOME & ABROAD
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Article, Illustration657 1998-03-28 2 Abdul Hadhi - Some 2,500 units may be offered in the near term: market watchers By. Abdul Hadhi MORE developers are expected to take the cue from the recent stream of property projects that have been relaunched at lower prices, and with good results. Market watchersFILE PHOTO - 657 words
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550 1998-03-28 2 Diana Oon - Consultant says option means prices effectively stay unchanged By, Diana Oon FAR East Organisation, which started offering "downgrading" packages for its Bishan 8 project about two weeks ago, is considering extending the offer to some of its other projects. Essentially, the developer is550 words
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Article, Illustration60 1998-03-28 2 [SINGAPORE] ST Sun Page, together with Bandai, the creator of the Tamagotchi electronic pet, yesterday unveiled the world's first Tamagotchi Pager. The pager is manufactured by Avont. Sun Page expects to sell 4,0005,000 units during a promotional period lasting till end-April. During this time, the60 words
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294 1998-03-28 2 Frances Lui - lty\ Frances Lui FRENCH resort operator Club Med is spending $15 million in an aggressive advertising campaign to attract Asians to their resorts in Bali, Bintan, Phuket, Cherating, Maldives and Kabira (Japan). Nigel Stoker, the Singa-pore-based regional commercial director for Club Med, said:294 words
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369 1998-03-28 2 Satellite capacity to outstrip demand; situation made worse by Asian crisis WITH regional inventory of satellite capacity rising over the next 12 months. Asian transponder prices are falling. a situation that is worsened by the economic meltdown and currency collapse, says industry publication Satellite369 words
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412 1998-03-28 2 Louis Beckerling - S'pore is back-up location if plans for China plant fail "a Louis Beckerling GERMAN chemical giant BASF and its US counterpart, Du Pont, have their eye on Singapore as a fall-back location for a proposed US$l billion (SSI 6 billion)412 words
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550 1998-03-28 2 Teh Hooi Ling - Kb Teh Hooi Ling ORION Network Systems, which will launch its US$3OO million (*****.7 million) Asia-Pacific satellite on Oct 1 this year, aims to be a significant player in the region in providing Internet capacity to the US. Hans Giner, president550 words
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Page 2 Miscellaneous
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Miscellaneous513 1998-03-28 2 THE WEATHER Singapore: Slightly hazy and warm. Temperature 29-26) Aula-Pacific Hl/Lo* Cond. Europe HVLo* Cond America Hl/Lo* Good. Awikind SI I* Cloudy Ane*Tdam 13.89 (loudy Buenos Ains 2&10 (touch Kanuk.* (loudy Afcw ***** Onudy IQfl Ifcijinil it IK Sunn> Berhji IJ9US Cloudy 34 i 3 Sunny Bom 11W Showers Hn»**i513 words
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FOCUS: PERSONAL FINANCE & INVESTMENT
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BULL'S EYE
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Article, Illustration579 1998-03-28 3 Those polled for their views on the Singapore stock market outlook for next week were: Alliance, Daiwa, Deutsche Morgan Grenfell, GK Goh, ING Barings, Kay Hian, Kim Eng, Merrill Lynch, Phillip, Indosuez WI Carr. Natsteel Ltd ♦(Sell) Indosuez WI Carr, Mar 25, $2.62 Natsteel's weak showing for579 words
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Article, Illustration520 1998-03-28 3 44~\T OW that the sur- prises for 1997 are X 1 over as far as bank results go, investors' attention has shifted to their performance in the current year. The key issue here lies in the size of the provisions that they are going to make this520 words
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Article1025 1998-03-28 3 Shiv Taneja - An investor should know if his fund manager believes in being fully-invested By\ Shiv Taneja [SINGAPORE] ARE you paying your unit trust manager fat fees to hold a large part of your investment in a fixed deposit account a not-so-in-surmountable task which almost anyone can1,025 words
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589 1998-03-28 3 Shiv Taneja - Global funds find favour in a weak regional market By I Shiv Taneja [SINGAPORE] At the beginning of last year there were only two unit trusts that invested in global equities. Now there are 10, with no signs of the trend letting up anytime589 words
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Article, Illustration536 1998-03-28 3 Harish Mehta - EYE ON THE REGION: THAILAND Quantum buying sends GSS Array and NSM shares flying From Harish Mehta in Bangkok THE man who was feared as one of the most destructive figures in South-east Asia, US investment banker George Soros, has suddenly become aFILE PHOTO - 536 words
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738 1998-03-28 3 Ofwlt tmmnt )-«t> 3-wt* imth OtpttM mmmt t-mt> 3-mt* t-mtk Bank of China m$ 25,000 249.999 6.7500 7 8800 8.1900 A$ 250.000 500 000 6.7500 7.8800 ***** 10.000 49,999 4 (875 ***** 4.2500 50.000 i Above ***** 4.3125 4.3750738 words
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SINGAPORE BUSINESS AWARDS
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Article, Illustration1197 1998-03-28 4 Jennifer Lien - BUSINESSMAN OF THE TEAS Sim Wong Hoo is the first person to win the BOY award twice, and it certainly wasn't all roses along the the way Reports by. Jennifer Lien [SINGAPORE] FOR the 1997 Businessman of the Year Sim Wong Hoo, the lastARTHUR LEE - 1,197 words
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269 1998-03-28 4 FOR some companies, creativity is associated with all sorts of excesses. But not for Creative Technology. Sim Wong Hoo is, in his own words, "cheap". While he believes in giving his staff freedom to create and dream American-style Mr Sim, ever the kampung boy,269 words
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Article, Illustration335 1998-03-28 4 Creative's new HQ presents a nurturing side to the job CREATIVE Resource, the company's new campus at the International Business Park, is the result of Sim Wong Hoo's longtime dream. The $90 million project is in many ways an extension of Mr Sim. reflecting hisFILE PHOTO - 335 words
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Article, Illustration1014 1998-03-28 5 David Boey - OUTSTANDING CHIEF EXECUTIVE Trained as a lawyer, he gamely plunged into the world of business and engineering at Philips Singapore as a result of a full page ad in September 1974 By. David Boey [SINGAPORE] ONE of the best career moves Victor LohCHRIS LOH - 1,014 words
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Article, Illustration797 1998-03-28 5 Clarissa Tan - ENTERPRISE AWARD Tan Chiang Seng, managing director of Tan Chiang Brother's Marble, talks about his company, and how he sources the technology to make it successful Byi Clarissa Tan [SINGAPORE] FOR someone who hasn't taken a real holiday in 20 years. Tan Chiang Seng looksARTHUR LEE - 797 words
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Page 4 Advertisements
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Advertisement209 1998-03-28 4 Location: Senoko South Business and/or Assets for sale Production lines for 1.8" and 3" disk drives Engineering Laboratory Quality Control Laboratory Clean Room Inventory Production will be running at one shift. Additional details are contained in the Company's Information Memorandum which may be purchased at US$5O.OO per copy. For enquiries,209 words
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Page 5 Advertisements
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Advertisement46 1998-03-28 5 TODAY Zaobao i r^- i -fi r i ***** I found a car poolj through The Straits AWSy Times Classified. !BJ#J f„ They help me do my part to the earth. J CATS Sunday Classified -£l Vatevct s at Clarke Quay \clis\ Every Sunday, 9am spm46 words
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Page 6 Advertisements
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Advertisement206 1998-03-28 6 Singapore Business Awards 19 9 7 Roll of Honour Ky J v *.vM" ""Q //W-I ®5Tt ft n a iij u gjt *W \jr F it M&ill From le/f: Mr Tin. Chiang Seng of Tan Chiang Brother's Marble,- Mr Sim Wong Hoo of Creative Technology, Mr Lim Hng Kiang, Minister206 words
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MARKETS IN TURMOIL
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339 1998-03-28 7 Bernama, Reuters [PENDANG, Kedah] Deputy Prime Minister Anwar Ibrahim yesterday gave an assurance that Employees' Provident Fund contributors will not lose as a result of the move by the EPF to provide a loan to Khazanah Nasional. "The move to provide the two billionBernama,; Reuters - 339 words
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Article, Illustration322 1998-03-28 7 Larry Wee - Sing ends below 1.60 per US$ for first time in months There's room for farther strength without hurting competitiveness By. Larry Wee [SINGAPORE] The Singapore dollar strengthened to end the week below 1.60 against the US dollar for the first time since late November last year. Traders said that theSource: Bloomberg - 322 words
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380 1998-03-28 7 Rafiriflfi says raising interest rates will hurt competitiveness Reuters [KUALA LUMPUR] Malaysia expects the ringgit to recoup some of its strength but not return to the levels it long held against the US dollar before a financial crisis hit Asia,Reuters - 380 words
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440 1998-03-28 7 Harish Mehta - All eyes on foreign investors with home market squeezed From', Harish Mehta in Bangkok THAI Farmers Bank yesterday fixed the price of its new shares at the supposedly auspicious number of 88 baht apiece in a bid to raise 33.08 billion baht440 words
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393 1998-03-28 7 S N Vasuki - Jakarta keen on Mexican plan, bat foreign banks aren't tYom\ S N Vasuki in Jakarta THE International Monetary Fund is still discussing various foreign debt rescheduling proposals put forward by the Indonesian government, a senior IMF official told reporters yesterday. Analysts said that393 words
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Article, Illustration670 1998-03-28 7 Anthony Rowley - Move surprising after recent seeking of Asian solutions From Anthony Rowley in Tokyo AN UNEXPECTEDLY strong endorsement of the International Monetary Fund's often controversial prescriptions for dealing with financial and economic crises emerged yesterday at a meeting in Tokyo of senior finance ministry andAFP - 670 words
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Article, Illustration61 1998-03-28 7 [MANILA) A militant Filipino worker holds a placard while shouting an anti-government slogan during a protest in front of the US Embassy in Manila yesterday. The protesters blame the US, the International Monetary Fund and the World Trade Organisation for being the real culprits behind theREUTERS - 61 words
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334 1998-03-28 7 AFP. Bloomberg [SEOUL] South Korea's foreign exchange reserves are growing rapidly and approaching the levels they stood at before the country fell into a financial crisis in November, the finance ministry said yesterday. The "usable" foreign exchange reserves, which fell to a lowAFP.; Bloomberg - 334 words
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REGION
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368 1998-03-28 8 WASHINGTON It calls for quick release of details of the 16 trillion yen economic package Reuters, Bloomberg THE United States on Thursday responded warily to Japan's latest proposals to revive its moribund economy, urging Tokyo to provide more details and do so quickly.Reuters,; Bloomberg - 368 words
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369 1998-03-28 8 WELLINGTON Bloomberg NEW Zealand's current account deficit in 1997 widened more than expected to its highest in almost 12 years, prompting the currency to fall and money market rates to surge. The deficit widened to NZ57.52 billion (Ss6.B billion), or 7.7 per centBloomberg - 369 words
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353 1998-03-28 8 TOKYO Staff cnts, fewer new job offers point to likely recession Bloomberg JAPAN'S unemployment rate rose to a post-war record 3.6 per cent in February as contractors and manufacturers shed workers, another sign that the economy is edging towards recession. The unemploymentBloomberg - 353 words
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Article, Illustration274 1998-03-28 8 KUALA LUMPUR Dr M defends use of force by police at detention camp Reuters [KUALA LUMPUR] Prime Minister Mahathir Mohamad said yesterday that Malaysia will continue deporting illegal immigrants despite nine deaths in an uprising at a detention camp and criticism from human rightsReuters; AFP - 274 words
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257 1998-03-28 8 WASHINGTON AFP THE aid agency Oxfam has warned that Indonesia, struggling with debt and drought, faces a four-fold increase in poverty this year and accused world leaders of indifference. The agency based its dire prediction on "the savage effects of the economic crisis, whichAFP - 257 words
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Page 8 Advertisements
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Advertisement900 1998-03-28 8 SINGAPORE PETROLEUM COMPANY LIMITED (Incorporated in the Republic of Singapore) AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1997 The Directors wish to announce the following audited results of the Group and the Company for the year ended 31 December 1997 1) Profit and Loss Account for the year ended900 words
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REGION/WORLD
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369 1998-03-28 9 Leon Hadar - Conditions to IMF package modified; final vote expected next week From Leon Hadar in Washington IN A development that marked a major progress for the Clinton administration's East Asian policies, the US senate endorsed by a large majority on Thursday369 words
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436 1998-03-28 9 Rajendra Bajpai - Vajpayee's coalition seeks vote of confidence today From Rajendra Bajpai in New Delhi INDIAN Prime Minister Atal Bihari Vajpayee, seeking a vote of confidence for his newly-elected coalition government, yesterday called for an end to political uncertainty and the building of a national436 words
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Article, Illustration441 1998-03-28 9 mJOHANNESBURG Reuters PRESIDENT Nelson Mandela yesterday echoed wide opposition to Bill Clinton's trade-not-aid bill when he repudiated the law which other South Africans believe masks a harsh US agenda for Africa. "This is a matter over which we have serious reservations," Mr Mandela told aReuters - 441 words
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Article, Illustration50 1998-03-28 9 [THE HAGUE] Dutch Prime Minister Wim Kok tip-toeing through miniature streets of Amsterdam during the official annual opening of the "Madurodam amusement park in The Hague yesterday. Madurodam shows scale models of Dutch landmarks and is one of The Hague's main tourist attractions. REUTERSREUTERS - 50 words
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364 1998-03-28 9 AUCKLAND Reuters ABOUT a quarter of Auckland's central business district (CBD) lost power yesterday. just hours after utility Mercury Energy said the city's long electricity crisis was over. Mercury said the outage was caused by "teething problems" as it shifted powerReuters - 364 words
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331 1998-03-28 9 SINGAPORE AFP TOMMY Koh, Singapore's Ambassador-at-Large, said the 25-nation summit beginning April 3 in London will adopt an investment promotion action plan and a trade facilitation action plan, both of which have been in the pipeline for about two years. "ItAFP - 331 words
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389 1998-03-28 9 LONDON Plans to make second pensions compulsory being considered Reuters BRITAIN'S plans to extend second pensions and hardship insurance, set out in Thursday's welfare reform paper, will offer lucrative business to hundreds of pension and insurance firms. But financial services companies saidReuters - 389 words
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232 1998-03-28 9 LONDON AFP TIME has run out to fix the computer millennium bug and urgent contingency plans are needed to limit damage to the British national infrastructure, a former government adviser said yesterday. Robin Guenier, who was head of Taskforce 2000, which attemptedAFP - 232 words
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429 1998-03-28 9 WASHINGTON Bloomberg US PERSONAL income and spending both rose during February, a sign that consumers will keep powering the economy. February incomes rose 0.6 per cent, and spending rose 0.4 per cent, the Commerce Department said. In January, incomes rose anBloomberg - 429 words
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Page 9 Miscellaneous
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Miscellaneous5 1998-03-28 9 DOOMESBURY By Garry Trudeau J^mwi£wß»PKrry5 words
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COMPANIES & MARKETS
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469 1998-03-28 10 Ven Sreenivasan - Higher profit eroded by write-downs, provisions and subsidiary shutdown By Ven Sreenivasan [SINGAPORE] Extraordinary items of $41 million erased what would otherwise have been a profitable year for Sembawang Corporation. For the year ended Dec 31, SemCorp's after-tax profit rose 10.7 per cent to $33.3469 words
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Article378 1998-03-28 10 Abdul Hadhi - By. Abdul Hadhi [SINGAPORE] Tuan Sing Holdings yesterday announced an 18 per cent drop in group net earnings to $31.62 million for 1997. Construction subsidiary SPP hit by its Indonesian exposure slipped deeply into the red with a net loss of $13.24 million378 words
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Article, Illustration307 1998-03-28 10 Lee Han Shih - By\ Lee Han Shih [SINGAPORE] Hit by large losses in its hotel, food and trading businesses, Bonvest Holdings yesterday declared an 84.4 per cent fall in net profits to a mere $3.5 million. In 1997, the company saw turnover rise 7.3 perFILE PHOTO - 307 words
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418 1998-03-28 10 Teh Hooi Ling - Firm beats analysts' forecasts with $47.7 m earnings By' Teh Hooi Ling [SINGAPORE] Electronic subcontractor Venture Manufacturing Singapore made up for a disappointing first half with a sterling second half, beating analysts' forecasts with a 32 per cent jump in full-year418 words
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663 1998-03-28 10 Lee Han Shih - HOCK LOCK SIEW Lee Han Shih WHAT do DelGro Corporation and Nat Steel Ltd have in common, apart from having close connections to the government? The answer: both listed their subsidiaries last year and are now being eclipsed by their offspring. Nat Steel,663 words
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COMPANIES
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CORPORATE Results
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101 1998-03-28 15 [SINGAPORE] Heshe Holdings has sunk deeper into the red, posting an interim net loss of $3.8 million for the six months ended Dec 31,1997, due largely to forex losses and provisions for fall in value of investments and Indonesian receivables. In the first half101 words
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Article97 1998-03-28 15 {SINGAPORE] Singatronics returned to the black last year with a $5.3 million profit, compared with a $1.4 million loss in 1996. Improved performance from its hotel sector pushed group turnover up 20 per cent to $51.6 million. AD of the group's businesses made money last year.97 words
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93 1998-03-28 15 [SINGAPORE] Poorer margins, a fall in crude oil and oil products prices in the second half of 1997 caused Singapore Petroleum Corp to suffer a 42 per cent plunge in net earnings to $15.6 million, on a 6.2 per cent drop in93 words
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113 1998-03-28 15 [SINGAPORE] SNP Corp posted a 1.8 per cent dip in turnover to $89 million for last year and suffered a $1.8 million loss, compared to a $723,000 profit previously. Loss per share was three cents. Last year's earnings per share was 1.3113 words
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91 1998-03-28 15 [SINGAPORE] In contrast to other property developers, TLB Land almost doubled its group net earnings to $7.7 million for the year ended Dec 31,1997, as turnover rose 2.5 times to $51.37 million. This was mainly because of the successful launch of a Pasir91 words
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83 1998-03-28 15 [SINGAPORE] Malaysian-listed Hospital Pantai has increased its stake in Sesdaq-listed Asia Matrix to 19.93 per cent from 17.77 per cent. Its wholly-owned subsidiary Pantai Healthcare (Cayman) bought 627,000 shares at nearly $2.57 apiece on Thursday. Hospital Pantai cashed out of Parkway in November83 words
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Article84 1998-03-28 15 [SINGAPORE] Sesdaq-listed Wepco yesterday reported a 24 per cent increase in group net loss to $2.15 million for the year ended Dec 31, with margins affected by the currency turmoil and steep increases in raw material prices during the last quarter of 1997. Group84 words
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Article59 1998-03-28 15 [SINGAPORE] Cosco Investments yesterday announced a 53 per cent rise in group net earnings to $4.58 million for the year ended Dec 31,1997. Group turnover rose 30 per cent to $574.78 million. Earnings per share rose to 4.41 cents from 2.89 cents. Directors have59 words
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62 1998-03-28 15 [SINGAPORE] Fuji Offset Plates yesterday announced a doubling in group net earnings to $2.66 million for the year ended Dec 31, on a 9.1 per cent rise in group turnover to $24.86 million. Earnings per share rose to 5.32 cents from 2.62 cents. Directors62 words
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54 1998-03-28 15 [SINGAPORE] HBM Print has reported a 2.9 per cent rise in group net earnings to $921,000 for the year ended Dec 31,1997, despite a 7.7 per cent decline in group turnover to $27.75 million. Directors expect the group's performance to remain satisfactory although54 words
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68 1998-03-28 15 [SINGAPORE] Equipment spare parts distributor Kian Ann Engineering yesterday announced net earnings of $3.1 million for the half-year ended Dec 31, up 3 per cent from the previous period. Turnover for the period rose 6 per cent to $41.4 million. Earnings per share68 words
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Article63 1998-03-28 15 [SINGAPORE] Inno-Pacific Holdings yesterday posted lower net losses of $6.9 million for 1997, down from $12.8 million in 1996. The company said the sale of its paper division and the closure of Tianjin Fuyuan Food Industries in China contributed significantly to the group's financial improvement63 words
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94 1998-03-28 15 {SINGAPORE] Prima last night announced group after-tax loss of $14.8 million for last year. The company said it has decided to recognise in its books potential Singapore income tax on its interest and investment income presently held outside Singapore. This has resulted in94 words
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Article82 1998-03-28 15 [SINGAPORE] ST Auto said yesterday it is not giving up its dealership of Opel cars. It aims instead to increase sales with the availability of more COEs, and to ride on awareness built in the last two years. In the second half of this82 words
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46 1998-03-28 15 AFX-Asia [KUALA LUMPUR] The Kuala Lumpur Stock Exchange has granted Rashid Hussain Bhd, RHB Capital Bhd and RHB Sakura Merchant Bankers Bhd an additional five days to announce funding details for the acquisition and recapitalisation of Sime Bank Bhd. —AFX-AsiaAFX-Asia - 46 words
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381 1998-03-28 15 Christopher Tan - Profit down 98.4% to $101,000; only about 750 cars sold last year Christopher Tan [SINGAPORE] Diversified Intraco Ltd remained in the black practically by the skin of its teeth despite a $7.2 million loss incurred in a core business cars. The381 words
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251 1998-03-28 15 NEWLY-LISTED Hong Leong Asia yesterday posted a 24 per cent increase in net earnings to $25.3 million, on the back of a 13 per cent rise in turnover to $488.6 million. The results are combined proforma results of companies which now form251 words
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224 1998-03-28 15 [SINGAPORE] Mainboardlisted Guthrie GTS has posted a 42.5 per cent jump in net earnings to $24.3 million for the year ended Dec 31,1997. Turnover for the property and engineering group surged 72 per cent to $283.9 million, while its earnings per share based224 words
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Article, Illustration390 1998-03-28 15 Teh Hooi Ling - Teh Hooi Ling [SINGAPORE] Theme park and leisure group Alliance Technology and Development (ATD) yesterday reported a $30.4 million net loss for 1997, and plans are under way to restructure the group. Since the end of last year, the directors have focusedFILE PHOTO - 390 words
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Article, Illustration368 1998-03-28 15 Ang Wan May - By. Ang Wan May LIANG Court Holdings turned in a 13 per cent increase in net earnings to $17 million for 1997 but saw its net asset value fall $23.2 million. Net tangible asset backing per share fell fromFILE PHOTO - 368 words
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309 1998-03-28 15 Frances Lui - By, Frances Lui [SINGAPORE] Tibs Holdings remained in the red for the year ended Dec 31,1997, with a group net lossofsl.l million but the bottom line was saved by an extraordinary gain of $1.54 million. The results fall far short of309 words
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124 1998-03-28 15 AFX-Asia [SINGAPORE] Acma Ltd said yesterday it has restructured its engineering designs unit Ideas Engineering Pte Ltd with the view to listing it on the Stock Exchange of Singapore. Acma said Ideas's whollyowned unit EnerSave Holdings Pte Ltd will acquire Ideas' stake in AdmiraltyAFX-Asia - 124 words
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406 1998-03-28 15 Audrey Tan - By Audrey Tan (SINGAPORE] Tianjin Zhong Xin Pharmaceutical Group said it was cancelling or postponing three projects which were supposed to be financed by proceeds from its IPO. The investments in factories to make gelatin, capsule casings and infusion fluids would406 words
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511 1998-03-28 16 CEO says firm on track to achieve USs3oom export sales this year Reuters [JAKARTA] Indonesian food giant PT Indofood Sukses Makmur said yesterday that it has the resources to meet all of its US$l billion (Ssl.6 billion) foreign debt obligations and that thereReuters - 511 words
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Article, Illustration441 1998-03-28 16 Quak Hiang Whai - This is believed to be HE's largest data network contract /•Vow i Quak Hiang Whai in Hongkong SINGAPORE-LISTED Datacraft Asia has clinched a major networking contract which will add HK$l34 million (5527.6 million) to its revenue for the next two years. In an announcement yesterday441 words
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Article, Illustration61 1998-03-28 16 [HONGKONG] Workers removing a Peregrine sign from the Hongkong Stadium earlier this week ahead of the Hongkong Rugby Sevens tournament which began yesterday and ends tomorrow. As a major sponsor, Peregrine Investments Holdings Ltd's contract with the stadium expired after its meltdown in Indonesian markets broughtREUTERS - 61 words
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502 1998-03-28 16 Louis Beckerling - New KL board sold as cheap entry point into growth sectors By] Louis Beckerling [SINGAPORE] The long awaited launch of a new board on the Kuala Lumpur stock market christened Mesdaq will offer a bargain basement entry point into high growth companies, the investment502 words
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390 1998-03-28 16 Reuters [HONGKONG] New World Development Co Ltd may follow other property developers next week in posting provisions for securities losses in its interim earnings report, dampening its performance for the six-month period. The blue chip property company is due to release results for theReuters - 390 words
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371 1998-03-28 16 Christopher Tan - By Christopher Tan [SINGAPORE] Audi AG is setting up an assembly facility in Thailand, signalling a move to beef up its presence in Asia at a time when several other carmakers are reviewing theirs. The German luxury manufacturer, part of the Volkswagen family, has371 words
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INTERNATIONAL Briefs
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Article66 1998-03-28 16 Reuters [MELBOURNE] Australian blue chip The Broken Hill Pty Co Ltd (BHP) yesterday reported a 67 per cent third-quarter profit drop due to sharply lower commodity prices. The company's bottom line fell to AII2S million (***** million) in the quarter ended Feb 28, aboutReuters - 66 words
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Article73 1998-03-28 16 Bloomberg [SANTA CLARA. California] Intel Corp plans to buy back 100 million more of its shares amid a slowdown in sales of the personal computers that use its processors and a 23 per cent decline from the stock's record high. Intel's buyback is designedBloomberg - 73 words
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66 1998-03-28 16 Bloomberg [MUNICH] BMW AG on Thursday entered the auction for Rolls-Royce Motor Cars Ltd, one day after rival Volkswagen AG placed its bid for the UK luxury carmaker owned by Vickers pic. AI9O expected to bid for Rolls are a group of enthusiasts ledBloomberg - 66 words
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79 1998-03-28 16 NYT [NEW YORK] Morgan Stanley Dean Witter Co said on Thursday that net income for the quarter ended Feb 28 increased 21 per cent, to US$69l million (Ssl billion), or US)1.10 a fUlly-diluted share. The earnings announcement beat analysts' estimates of US$l.O6 aNYT - 79 words
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59 1998-03-28 16 Bloomberg [TOKYO] Bank of Tokyo-Mitsubishi Ltd, the world's largest bank, said yesterday it would use 190 billion yen (552.3 billion) to dispose of loans and provide funding to three affiliates—two of them non-bank financial companies. Bank of Tokyo-Mitsubishi's earnings won't be affected because it already wroteBloomberg - 59 words
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FINANCE & COMMODITIES
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352 1998-03-28 17 Shiv Taneja - US fond manager has identified six fastest-growing global sectors By\ Shiv Taneja [SINGAPORE] Major US fund manager Alliance Capital Management (ACM) yesterday launched its first unit trust in Singapore a global fund that invests in six global business sectors. Locally-approved Global352 words
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Article, Illustration387 1998-03-28 17 USS/mark: The greenback traded on a softer note this week, touching a low of 1.8181 by Thursday and was seen hovering around the 1.8210 level yesterday morning. Technically, there is room for the US dollar to head further south with initial support seen at 1.8110,Source: DBS Bank - 387 words
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270 1998-03-28 17 Reuters [LOS ANGELES] Sumitomo Bank Ltd's sale of its US subsidiary may ignite a trend as ailing Asian financial institutions consider selling profitmaking units to shore up their balance sheets. "In view of the capital needs in Japan, it's quite likely that we'llReuters - 270 words
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626 1998-03-28 17 Neil Behrmann - Likely large-scale minting could mop np supply, firm prices From Neil Behrmann iri London AFTER a difficult period, bullion dealers are now wondering if the gold price is finally bottoming out. Since January when the price tumbled to a low626 words
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210 1998-03-28 17 SSXELReport Reuters {SINGAPORE) Simex Euroyen futures held up despite a sharp drop in Japanese government bond (JGB) futures as traders remained convinced Japan would stick to a low interest rate policy for the foreseeable future. Uncertainty over whether tax cuts would be introduced into theReuters - 210 words
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158 1998-03-28 17 Charlie Kuo - MS& TAIWAN FUTURES Charlie Kuo arlie Kuo, service dealer, Refco Singapore Pte Ltd THE Simex MSCI Taiwan Stock Index futures contract resumed its upward momentum following the record high in the Nasdaq Composite registered overnight. Featured buyers in the outright market were UOB Bullion158 words
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286 1998-03-28 17 ENERGY REPORT Reuters {LONDON! World oil prices edged tentatively higher yesterday ahead of an Opec meeting called to ratify a deal to cut oil supply to glutted markets. But the West's "oil watchdog" said the proposed cuts by both Opec and non-Opec oilReuters - 286 words
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Article, Illustration1248 1998-03-28 17 DtTERBAMK CROSS KATES ltar27 A$ C$ »mb ECU Ffr Pi HK$ hH Is N»m tw N W HZSHtfa H» 11 Sir <T> teht P0W< US$ iiKtraiu -0954 6178 0 618 4119 1229 5227 26.549 57.514 0.171 9.302 2.419 1197 29.833 25.222 1073 3354 1.004 22.004 25.940 0.400 0.675 1.049 5J731,248 words
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Article279 1998-03-28 17 AFP London THE dollar chalked up gains against the yen in the first half of yesterday's session on the London forex market as investors despaired of seeing tax cuts in Japan, while sterling remained at a high level though below the day's highs. The dollar was up inAFP - 279 words
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COMMODITY PRICES
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Article1810 1998-03-28 18 SI COM I'UTUHES Mar 27 RUBBER (futures closing is «t 5.30pm) RSS1 COMTRACT(S cmtsAq) Close Volume Open Month Hlqh Lew Sett (tonnes) lirttrest Apr 98 113.50 400 May 98 114.75 114.50 115.00 200 2100 Jun 98 118.25 3150 Jul/Sep 98 124.00 124.00 124.50 450 4395 Oct/Dec 98 ***** 131.00 130.501,810 words
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Article1650 1998-03-28 18 Reuters, Bloomberg □»w» -ML* STOCKS lost more than one per cent yesterday due to growing worries the economic stimulus package unveiled by the ruling Liberal Democratic Party and its allies may not snap the economy out of its blues, brokers said. The key 225-share Nikkei Average closed down 1.42Reuters,; Bloomberg - 1,650 words
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Article2367 1998-03-28 18 LONDON Industrials Mar 27 N«c« *h 31 Croup 593.000 -5.000 AB Ports 373.000 -1.400 ADbey National 1184 000 4.000 Allied Domecq 587.000 unch Amec 156.000 4.000 Asda Group 194.000 1.800 BAT Ind 608.000 -3.000 BG Pic 310.000 1.000 BICC 150.000 2.000 BOC Group 994.000 -12.000 BR Petroleum2,367 words
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Article, Illustration1540 1998-03-28 19 Bloomberg Q Hang Seng -22J3S STOCKS were mixed in the lightest trade in two weeks, amid doubts that the territory's banking cartel will move to cut interest rates. Hongkong Telecommunications Ltd, China Telecom (Hongkong) Ltd and other utilities fell, offsetting gains in Hutchison Whampoa Ltd and Hang Seng BankBloomberg - 1,540 words
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Article, Illustration669 1998-03-28 19 Reuters n Shenzhen B Index +0.13 THE hard currency B shares ended mixed yesterday but domestic A shares surged on rumours that a tax on stock trades would be cut. brokers said. Domestic investors selling out of Shanghai B shares added to demand for A stocks, which were drivenReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 669 words
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Article358 1998-03-28 19 AFP □WP Index +8L66 STOCKS gained 0.9 per cent Friday on upbeat sentiment in line with stable overseas markets and the strength of technology issues on Wall Street, dealers said. Dealers said continued gains in the Nasdaq market eased concerns over the technology industry's prospects. "The consistent gains sentAFP - 358 words
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Article257 1998-03-28 19 AFP Q Wellington -8.41 SHARES fell 0.4 per cent yesterday after interest rates soared. The NZSE-40 was down 8.41 points to 2,340.91 on heavy turnover of NZ5294.6 million. Telecom Corp was down 10 cents to NZ$B.95 with NZ$lOO million worth of shares changing hands. Mar 27 (0801 ANZ BankingAFP - 257 words
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Article, Illustration805 1998-03-28 19 AFP n SET Index -0.82 THAI stocks closed 0.2 per cent lower yesterday in thin trade as the market waited for positive news to spur sentiment ahead of a key change in banking regulations. Share prices closed off their lows on late speculative trade as investors remained largely sidelinedAFP - 805 words
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Article424 1998-03-28 19 AFP n Composite Index +L 95 SHARE prices closed mixed in thin trade on the Korea Stock Exchange yesterday, with the index recovering to the 500-point level as blue chips attracted foreign interest later in the day, dealers said. "The market appeared at a low ebb," Boram Securities dealerAFP - 424 words
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Article597 1998-03-28 19 AFP n All Ordinaries -18.4 SHARES fell 0.7 per cent yesterday dragged lower by depressed BHP shares and falls ;n other blue chip stocks which brokers attributed to the expiry of March options. The All Ordinaries index fell 18.4 points to 2,762.7. The All Resources index fell 5.5 pointsAFP - 597 words
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Article, Illustration714 1998-03-28 19 AFP Composite Index +9.29 SHARES rose 1.7 per cent yesterday on heavy trading in blue-chip stocks by foreign funds and hopes of a strengthening rupiah, dealers said. One dealer with a European brokerage said there was some genuine foreign buying interest in the market. "We have some big, seriousAFP - 714 words
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Article336 1998-03-28 19 AFP CI Manila -8.71 SHARE prices closed 0.4 per cent lower yesterday in cautious trade as investors prepared for the Easter break, analysts said. The Composite Index shed 8.71 points to close at 2,301.66 points. Volume rose to 2.32 billion shares worth 2.20 billion pesos. Philippine National Bank sharesAFP - 336 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration361 1998-03-28 20 AFP Q Composite Index -5.69 MAI*AYSIA*s key stock index closed 0.8 per cent lower yesterday on a lack of fresh leads and expectations of depressing corporate earning results next week, dealers said. "There is no more excitement after announcemetV of the economic and banking measures,"AFP - 361 words
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Article8643 1998-03-28 20 MMSTRIALS Cnhmt pnteb KM Last Vo4 Day Nat Cap W» 1— C M» *h ■OOP I—I n» W W 310 180 Ajmomoto 270 15-0 K».4 148 73 Angkasa 123 10 40 123 115 2.8 181.4 290 123 Aooko rood Hla 212 6-2 84.8 388 190 BarjayaLand 380 4 M9 3868,643 words
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WARRANTS & OPTIONS
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Article3673 1998-03-28 21 BONOS, LOAMS ft WAJWAHTS 1997/98 Last Vol Day Last Quota Avg High Low Stno Company Sa4a *or- COOO) High Law Buyar Sallar Prtca 68 9 m 3000 m AMD0 C5.5H*****6 18 16 81 8 3160 *Acar ******1 USS 16 *1 23 16 16 15.S 16 131 8.5 3164 Acma ******43,673 words
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Article200 1998-03-28 21 R Sivanithy - arm" I»i inxionirwiiinii i > mm mm hut ~m> ii'inmdi WARRANT WATCH By R Sivanithy THERE'RE lots of warrants out there that offer tremendous value to those prepared to view and wait for results to appear. For the risk averse, buying time is probably the200 words
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Article2378 1998-03-28 21 Transaction date Mar 27 MALA YUAN STOCKS Cr Cr JW/* Last Vol Day La»t Ouote Dtv Dtv fid Net M Cap High Low Stno Company Sale COOP) High Low Buyer SaMof H C'vr P/t $w* 478 28 m s 5000 AISB 50c 101 T70 103 98 100 1012,378 words
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6618 1998-03-28 23 Transaction date: Mar 27 I Cr Gr M «t 1997/98 Last Vol Oay L**« Q—f 0** W» Njrt Cap Avg Htqf! Ln StNo Company Sata COOP) High Law 8«iyar Sa*ar C vr P/I >mH Prtca MMISTlttU 157 18.5 a 1020 ACE Dynamics60c... 38 *0.56,618 words
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Article1209 1998-03-28 23 Or Cr M Wt 1997/98 LMt Val Day Last Ooot. ON ON VM Nat Ca« A »g High Law StNa Coma my Sata (*000) HlgH Law Bwyar S*«»f C'w P/C $m* Prlc# ise 76 a 2000 ABR HMgs Sc 116 -1 9 117 116 112 116 3.0 6.0 0.11,209 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration56 1998-03-28 24 Shiv Taneja - by Shiv Taneja US dollar-listed Roly International closed half a US cent lower yesterday at 21 US cents on a volume of 6.73 million shares, compared with its 10-day traded average of 395,500 units. In the near term, the stock is likely to trade sideways, but the long-term56 words
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Article215 1998-03-28 24 Stacks Volume *Sel Properties 24,894.000 Easyknit HMOc 11,386,000 •Uniphoenix 9,656,000 SingTel 15c 9,602.000 •PubBk Foreign 8.799.000 Osorev M 7,451,000 STEngglOc 7,073,000 Roty IntUSKk 6,730,000 Hitachi Z 20c 6,255,000 •Insas BM 5,596,000 Stacks SIA Foreiqn 34,199,327 SingTel 15c 28,250,984 •Sel Properties 21,163,254 STEngglOc 10,640,745 DBS Foreign 9,110,288 •Pub Bk Foreign 8,998,110215 words
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Article, Illustration639 1998-03-28 24 R Sivanithy - STOCK MARKET COMMENTARY Selected interest in marine stocks and some electronics counters; Malaysian futures firm Hy R Sivanithy [SINGAPORE] The local stock market ended the week yesterday on a mixed note, an unsurprising outcome considering the lack of decent investment themes in639 words
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OH THE GRAPEVINE
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Article67 1998-03-28 24 IT'S official. After several weeks of speculation, DBS Asset Management said yesterday it will buy the award-winning quantitative investment modelling system of fund manager Koeneman Capital Management (KCM). One wonders, if the modelling system is good, then why did some of the best brains at KCM67 words
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Article61 1998-03-28 24 SCHRODERS Singapore was the top arranger of Singapore dollar capital markets with 10 issues amounting to $816 million raised in 1997. A total of 41 issues and $3.6 billion were raised here, said Basis Point, a Hongkong-based newsletter covering Asia's fixed-income market. For straight loans, DBS61 words
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Article107 1998-03-28 24 IF YOU are looking to make a successful career in the fUnd management industry and are wondering what you should study at university, the answer is pretty much anything, judging by the academic qualifications of three senior managers at Alliance Capital Management, which launched their maiden unit107 words
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Article51 1998-03-28 24 THE view from Shenton Way must seem pretty hazy these days, but one financial sector employee has swam to much safer shores. Manmindar Singh, senior economist at Nomura Singapore, has quit to join the recession-proof tobacco industry. He will now chart price-inelastic demand at British-American Tobacco's corporate planning51 words
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119 1998-03-28 24 NEIL Payne, a director of ING Barings, has dismissed market rumours that the firm is scaling back its activities in Singapore. "We have taken an additional floor in Republic Plaza to facilitate the co-location of corporate and investment banking. Our regional research team is119 words
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Article113 1998-03-28 24 THE Singapore-controlled Sino Land is reputed for setting price trends at land auctions in Hongkong. With the property market in the territory in such a dire state, its sales pricing is now also closely-watched by competitors. One of them is Henderson Land, which called a press conference113 words
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Page 10 Advertisements
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Advertisement10 1998-03-28 10 iSr- -Q |R(A)1 j www.uip-sg.com i iJB SNEAK PREVIEWSIiK «AID10 words
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ISEAS Trends
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Article, Illustration1188 1998-03-28 11 David I Steinberg - South Korea will pay a stiff social and economic price, but is likely to succeed, becoming leaner and stronger, writes David I Steinberg David I Steinberg David I Steinberg is Representative of The Asia Foundation in Korea and concurrently Director of Asian Studies,AFP - 1,188 words
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Article, Illustration1465 1998-03-28 11 Yeo Lay Hwee - What Asem should be and should do is still not clear By' Yeo Lay Hwee Yeo Lay Hwee is a Research Associate at the Institute of Policy Studies. Motivated primarily by economic interests, leaders of 10 Asian countries (China, Japan, South Korea,AFP - 1,465 words
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Article, Illustration1320 1998-03-28 12 Nick J Freeman - Mick J Freeman looks at the recent leadership changes and the challenges posed by the Asian financial crisis Nick J Freeman Dr Nick J Freeman is Head of Indochina Research at ING Barings, based in Bangkok. THE calm tranquility of Laos can beMARK GRAHAM - 1,320 words
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Article, Illustration1001 1998-03-28 12 Sorpong Peou - Cambodian democracy seems headed for a dead end, with leaders driven by the need to monopolise power at all costs By Sorpong Peou Dr Sorpong Peou is a Fellow at the Institute of Southeast Asian Studies. AFTER Second Prime Minister Hun Sen hadREUTERS; AFP - 1,001 words
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Article, Illustration1334 1998-03-28 13 Amyn B Sajoo - Amyn b Sajoo looks at the implications of the agreement on investment being readied for signature by OECD countries Amyn B Sajoo DrAmyn B Sajoo is an independent policy consultant based in Vancouver, and a former Canada-Asean fellow at ISEAS. THE virtuesAFP; REUTERS - 1,334 words
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Article, Illustration1459 1998-03-28 13 Philip Holden - For British politicians, the Asian crisis raised questions about culture, identity and modernity By] Philip Holden Dr Philip Holden is a Visiting Fellow with the Centre for British and Comparative Cultural Studies, University of Warwick, United Kingdom. MUCH contemporaryAKP - 1,459 words
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Article, Illustration1295 1998-03-28 14 Leonard C Sebastian - FOCUS OH INDONESIA In a cabinet with a number of members from the President's inner circle, Mrs Rukmana may wield the most influence, says Leonard c Sebastian Leonard C Sebastian Dr Leonard C Sebastian is a Fellow at the Institute of Southeast Asian Studies. THEREREUTERS - 1,295 words
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Article, Illustration1467 1998-03-28 14 Prijono Tjiptoherijanto - Promoting economic activities in the rural areas is a way of reducing the need to migrate to urban areas Prijono Tjiptoherijanto Dr Prijono Tjiptoherijanto is Senior Lecturer, Faculty of Economics, University of Indonesia. OVER the next 70 years or so, Indonesia will see a doublingREUTERS - 1,467 words
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Page 12 Advertisements
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Advertisement244 1998-03-28 12 Trends A monthly pubtiodlon «>( tin* Institute SimUiemn .Vsian Studies The Publication Editor-in-chief Chia Siow Yue Editor Daljit Singh Associate Editors P. Lim Pui Hucn Leonard C. Sebastian Assistant Editor Ronald Kow Business Manager Leonard C. Sebastian International Advisory Committee Jose V. Abueva (Philippines) Chan HengChee (Singapore) Stephen FitzGerald (Australia)244 words
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Page 16 Advertisements
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Advertisement125 1998-03-28 16 TheßusinessTimes SINGAPORE PREMIERES .w THE NEW FRAGRANCE DESIGNED FOR MEN AND WOMEN Get to know The Business Times and win Bvlgari Parfums products. All entries would be eligible for the grand draw in April and lucky winners will walk away with $2,000 worth of Bvlgari Parfums hampers. For this week,125 words
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Page 17 Advertisements
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Advertisement9 1998-03-28 17 The Straits Times Classified. Where ro«o i buyers sellers9 words
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Page 19 Advertisements
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Advertisement6 1998-03-28 19 'al vl'll help your company profile6 words
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Page 20 Advertisements
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Advertisement15 1998-03-28 20 S Visit The Straits Classified to start your holidays on L the right foot. i'ML15 words
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Page 21 Advertisements
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Advertisement32 1998-03-28 21 Hello, I S3w your d was such\ bouquet of flowers J*THBir 48k t V X Buyin* or selling through The Straits Times Classified is child's play. can CAW. at 1800-737-1166. M I32 words
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Page 22 Advertisements
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Advertisement235 1998-03-28 22 f Hitachi Zosen Singapore Limited and Associates Congratulates HSH Maritime (S) Pte Ltd on the Launch of Clipper Stamford I fIV ■Vi i# i, i.^m—^MBBMBMBbm a Ny >J if J Ml r-Vnr' tmrW [^■j Jg^;ip^iip^ii±£E^ f I ..4CJMMIM C j "H«*»l N<^ ~rr ri I i s^ N i —y**235 words
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Page 23 Advertisements
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Advertisement63 1998-03-28 23 f Wow! A buyer love this car VQP I the very I that I found next day I through J v V Th e Straits Times J room Classified. J Buyina or selling through I vroom... 1 what a 1 The Straits Times Classified is child's play. pretty car! J63 words
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Page 24 Advertisements
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Advertisement240 1998-03-28 24 BUSINESS To advertise call toll-free 1800-741 1883 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF EAST HARBOUR TRADING PTE LTD (Mentors' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap 50. that a Final Meeting ot the Members240 words
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Advertisement636 1998-03-28 24 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF GLOBE PTE LTD (Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap 50 that a Final Meeting of the Members of the abovenamed Company will be held at No636 words
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Advertisement80 1998-03-28 24 f 3 V 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 ceremony.80 words
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EXECUTIVE Lifestyle
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Article, Illustration1000 1998-03-28 25 CORINNE KERK - Singapore's healthcare industry is expected to stay the course despite the region's ills. Local players and foreign investors are pumping big bucks into it coumme kbbk reports CORINNE KERK THERE are a couple of truths about healthcare. The business will thrive in the region.CHRIS LOH - 1,000 words
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Article, Illustration1196 1998-03-28 25 EVER since Sesdaq-listed Raffles Medical Group (RMG) announced it was teaming up with Pidemco Land in a $200 million project to turn Blanco Court into a private hospital, observers have wondered if this was a good move. Some balked at the hefty investment. Others felt1,196 words
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STRAWS In The Wind
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Article99 1998-03-28 25 THE Maritime Port Authority recently launched the Electronic Navigation Chart, a digital database containing chart information necessary for safe navigation in Singapore waters. At the press briefing, one reporter, who no doubt hoped to add some colour to his story, piped up and asked: "If the Titanic99 words
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Article46 1998-03-28 25 WITH the drastic drop in the number of home buyers, classified ads are getting more creative, if not downright desperate. A recent ad for an executive apartment says: "Bring a pail, its beauty causes saliva to drip." Yes, we get the point.46 words
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Article85 1998-03-28 25 AND once you get your new home hopefully a bargain buy like some of those sold at recent property auctions you can look forward to some cheap feng shui advice. One geomancer, obviously hit by the economic slowdown, advertised an anniversary special. The firm would85 words
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PROFILE
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Article, Illustration1641 1998-03-28 26 HARISH MEHTA - Thai Deputy Prime Minister and Commerce Minister Supachai Panitchpakdi speaks reverentially about the C word confidence. The return of confidence in the government he says, has helped to reverse the country's economic slide. He talks to habibh mehta about his country's recovery process HARISH MEHTA1,641 words
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Article993 1998-03-28 26 WHEN a new government led by the Democrats came to power in Thailand for a second term in last November, it was greeted with bouquets and brickbats. It was praised for bringing about high economic growth during the boom years from 1992-95, and, in the993 words
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565 1998-03-28 26 WHEN he was 25, a young Supachai Panitchpakdi wrote articles for a Dutch newspaper. NRC Handelsblad. and mulled over a career in academia. When the call came, he entered politics, but did not want to remain a politician for the rest of565 words
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PURSUITS
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Article, Illustration1027 1998-03-28 27 JAIME EE - It could be time to think Danish and Fritz Hansen when it comes to furniture style, says jaime ee JAIME EE TALK about Scandinavian furniture and the associations are immediate: cold, clinical, comprising multiple shelves and requiring extensive self-assembly. Blame the stereotype on the mainstream1,027 words
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COVER STORY
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839 1998-03-28 27 LESS than a year ago, no one would have paid much attention to Asia Matrix, a loss-making plastic injection mould manufacturer listed on Sesdaq. Not until last September, that is, when a group of healthcare professionals saw it as an opportunity to gain entry839 words
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Article, Illustration651 1998-03-28 28 CINEMA A Life Less Ordinary suffers from trying too hard, and unlike Trainspotting, there's no new spin to an old subject A LIFE Less Ordinary is the third feature by director Danny Boyle, producer Andrew Macdonald and writer John Hodge, the triumvirate that651 words
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Article, Illustration903 1998-03-28 28 Susan Tsang - COMMENTARY The Academy decided it was time to honour the studios, whose big money gives them most of their support By Susan Tsang IT was perhaps fitting that the 70th anniversary of the Oscars created another legend. Titanic won a whopping 11 Awards, equalling903 words
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Article, Illustration401 1998-03-28 29 M Yasotha - Compiled by M Yasotha MUSIC Piano Recital An artiste of rising international status. Richard Dowling has recently recorded a compact disc of solo works by Chopin for Piano Productions of Singapore. Apr 2 Apr 3, Bpm at DBS Auditorium. Tickets: $15, $25. $35 $50 available at all Sistic401 words
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Article, Illustration645 1998-03-28 29 Shahiron Sahari - CINEMA Kevin Costner's The Postman is visually impressive, but it is neither here nor there By\ Shahiron Sahari KEVIN COSTNER once danced with wolves, now he posts letters. He is The Postman. So what is it with this guy, who, despite the murky lessons of645 words
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EPICURE
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Article, Illustration816 1998-03-28 30 JAIME EE - The food at Le Grand Palace doesn't live up to the restaurant's impressive name, jmme ee discovers JAIME EE LE GRAND Palace Banquet Restaurant. It sounds like an opulent mouthful, but don't be cowed by the name. Call it by any other name, it'sCHRIS LOM - 816 words
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Article, Illustration405 1998-03-28 30 Tan Su Yen - SINGAPORE FOOD FESTIVAL w Tan Su Yen PREPARE to feast in style in July as the Singapore Tourism Board and American Express fly in a line-up of international celebrity chefs for the World Gourmet Summit, the highlight of the month long Singapore FoodFILE PHOTO - 405 words
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Article, Illustration570 1998-03-28 30 Tan Su Yen - RESTAURANT Orchard Hotel's La Terrasse, which was given a rousing opening by cast of the Joseph musical, serves interesting coffees and teas Tan Su Yen ACROSS the road from Orchard Hotel, two Starbucks outlets, one in Orchard Parade Hotel and another in Liat Towers,ARTHUR LEE - 570 words
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Article, Illustration792 1998-03-28 31 A Life Less Ordinary Ewan McGregor stars as a janitor who kidnaps his ex-boss's daughter (Cameron Diaz). Lido, Century, Yishun, Bishan, Tiong Bahru, Boon Lay, GVMarina, Tampines, Orchard, Bugis, Eastpoint, Riverside, Empress, Jubilee, Toa Payoh. See review on EL 4. Amlstad Steven Spielberg gets serious again with Amistad, based792 words
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Article125 1998-03-28 31 Cathay Org Cathay 338-3400 Eastshore 346- 18 16 Orchard 235-8386 Picturehouse 338-3100 Yangtze 223-7529 Bn|W«h Empress 777-5867 Jubilee 454-1610 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Ctoldan Vlllac* Bedok 443-2405 Bishan :i53-8885 Boon Lay 792-2788 Broadway 454-9394 Majestic fil—I Marina 337-9488 Pavilion 786-5788 TampinesS 786-5788 Tiong Bahru 274-6588125 words
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TRAVEL
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Article, Illustration1341 1998-03-28 32 MICHELLE LOW - In a city with 9,000 restaurants, it's easy for the tourist to be spoilt for choice. Michelle low samples some of the best in Hongkong cuisine MICHELLE LOW The writer was a guest of the Hongkong Tourist Association I can say three things in Cantonese.1,341 words
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398 1998-03-28 32 Michelle Low - //v: Michelle Low EAT. Shop. Eat. Shop. That's all there is to Hongkong, right? Not if the Hongkong Tourist Association (HKTA) has its way. It's hoping to sell the country as the events capital of Asia, "like or New York", says Stephen Wong, the398 words
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Page 25 Advertisements
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Advertisement128 1998-03-28 25 Travel HK: A feast for the palate EL 8 ■JF 11— In business, being at the right place at the right time with the right crowd is critical. Our Special Features can help you get there. The right place, because the editoral focus complements your advertisement. The right time, because128 words
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Advertisement19 1998-03-28 26 Ctteh wtut'i MM! in (fati "Tfotw! Ni't Mitt i* ia Siriaf Clattifltd this wnkni. SMAfPA/ V'* V. J Lm19 words
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Page 28 Advertisements
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Advertisement92 1998-03-28 28 Refrigerated Wine Cellar II i w i 7 i h w M ft I JSKHwiMfcL v mm ft-1 Your perfect answer to wine storage in the tropics Model 999 Capacity up to 144 bottles Price: *****0.75 (incl. GST) (inclusive of delivery set up in S'pore) 12 months warranty Available ex-stock92 words
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Advertisement148 1998-03-28 28 (Best (Bites, (Bright Nights at LffllfliHiUl Cajun Cuisine Give yourself a real treat win two return tickets to Exotic Bait (3 days/2 nights) Dine upstairs in our wonderful mansion any night of the week y\\ and qualify for a trip to Enchanting Bali. Reservations call 536 8001 x 26/27 Boat148 words
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Advertisement53 1998-03-28 28 I-F only rny boss would I respond -to these ads.. p o fc", I Any Jod. Any Career. Available any day. any time, anywhere. the Straits times the Sunday times Business times The new paper lianhe Zaobao lianhe wanbao Shin min Daily news Berita Harian berita minggu MV Singapore Press53 words
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Advertisement240 1998-03-28 29 Where to wine, dine and entertain... I W hat Ivttcr way to ai'ltfjto a £rcat wivli than Sunday Brunch at I lie Cafo-in-1 he-I'irb? I.njov the finest brunch and service at only 5,?8* I per adult (only SI4" lor li- Lids). I lien toa?t your £ihm! fortune witli IhJu Sell240 words
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Advertisement184 1998-03-28 29 Now at 4 J THE HEEREN in Orchard jt Jlut/ientic 3/iai Cuisine Exclusive to A Vr $ff The Business Times readers mm*, i Just present this ad to enjoy 15% discount wk Jjk At THE HEEREN outlet only r! Offer valkl till 31 March'9B JEomM For reservations, call 736-1998 i184 words
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Advertisement424 1998-03-28 29 Jlajukirin 00 Singapore 52: tt» iStJSS Riesling Grand Cru Kir,*cbbenj 1996, A f) I inn/art) Snaib o lrv<)let).< with Beer oAlsace YVe b ring you the wine cuisine of Alsace. Wfip 27 March 8 April Hon Apprtit! "V.^r Please call 831 6258/9 «7««7a7. for reservations. Sponsor*: oewjnvtiiix AIM FRANCE II424 words
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Advertisement17 1998-03-28 30 m mhhhrt ww* 11 1 j Make The Straits Times Classified your first pit stop when jshoppin^^17 words
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Page 31 Miscellaneous
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Miscellaneous2195 1998-03-28 31 TODAY'S TV nrm lO 2.00 Chinese Top 20 CountRECOMMENDED VIEWING tTenuer M down. 9.00 AM TVSN Viewers 4.00 TV Innovations. Fran turns on prey to drugs wwie trying day L Schedu,M to become an actress. u.oo tvsn The Fishing 1 iMQ'MHHd her Charm Meryl Streep and Shirley show. 8.00 am2,195 words
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