The Business Times, 6 June 1998

Microfilm: NL21196
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Masthead
    15 1 The Business Times MITA(P) ll(V12/97 85c SINGAPORE Internet: http://www.asial .com.sg/biztimes WEEKEND EDITION, JUNE 6-7, 1998
    15 words
  • Article
    MARKET SUMMARY
    57 1 DIJfIMS (-19.28) □n-m mm (-9.14) nircwr iLiMMJO (-23.65) nBTOOHP U«UB(-2.81) 8WC1MAHET nOMCES Frtday Change KLSE COUP 606.05 ISM NIKKEI 1M23.43 1AM HANG SENG 8M9.47 ♦U.H SET INDEX J18.16 0.66 JAKARTA COMP _4*JJ MANILA COMP __1*7.76 +188 TAIPEI WPI VMM +79JU SEOUL OOMP J4IJ3 +M7 CISA CHINA B 877.85
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  • Article
    FINANCE
    74 1 FOBSXIATBB uss s$ 08$ 1.694 £(USJ/S$ per (137 1774 DM 1.770 0.967 YEN 139.4 1215* RM 3.980 0.426 HKI 7.760 0.219 BAHT 43.06 0.039 MJPIAH 11,887 0116* •St to 100 units FUME BATES SINGAPORE* 7.88 KllALA LUMPUR U.aO JAKARTA .28.00 BANGKOK 14.75 MANILA _2t» HONGKONG 10.25 TAIPEI 8.86 SYDNEY
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  • Article
    Eltech unit abandons condo site won in tender
    455 1  -  Decision comes after it foils to pay remaining $68.6 m of its tender price By. Abdul Hadhi [SINGAPORE] Listed Eltech Electronics is abandoning its condominium project near Bedok after failing to pay the remaining $68.6 million of its tender price the first
    455 words
  • Article, Illustration
    Lock icon SM Lee warns of yuan devaluation
    538 1 AFP [TOKYO] Singapore Senior Minister Lee Kuan Yew warned yesterday that China may be forced to devalue the yuan if its Asian neighbours failed to pull themselves v out of their economic crisis. Beijing, with its US$l4O billion (5J237 billion) in foreign reserves, would
    AFP  -  538 words
  • Article, Illustration
    Lock icon Less than amazing
    58 1 [BANGKOK] Tourist spots in the Thai capital are feeling the pinch as the regional crisis curtails travel And until the region 's economies escape their predicament, there is nothing much that the 'Amazing Thailand'tourism campaign advertised in the banners can do to redress the problem for the
    REUTERS  -  58 words
  • Article
    SIA introduces inflight gaming
    300 1  -  By. Wan May [SINGAPORE] Singapore Airlines has equipped its first aircraft with gaming systems that allow passengers to play blaclgack, poker and the jackpot machine with the swipe of a credit card. The 747-400 Megatop, which made its maiden flight to Tokyo on June 1, is
    300 words
  • Article, Illustration
    Lock icon Soh Chee Wen's deal on Halim Securities rejected
    744 1  -  BM6Om valuation said to be way below official estimate From Eddie Toh in Kuala Lumpur MALAYSIAN businessman Soh Chee Wen has hit a major stumbling block in his bid to sell his ailing Halim Securities to a Singapore broking firm after the
    FILE PHOTO  -  744 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      128 1 mama MiffcrTf After a 7-month fight for the world's most prestigious brand, Volkswagen has finally received approval from Vickers pic shareholders to buy Rolls-Royce for £430 millions, P|ll United Overseas Bank says it has cut its H billion loan exposure to Indonesia by more than a third, Pf Better aecend
      128 words
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      Page 1 Advertisements Column 2
      10 1 WE DON'T NEED INTELLECTUALS TODAY. JUST PEOPLE WITH GOOD APPETITES.
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        519 2 Those polled for their views on the Singapore stock market outlook for next week were: Alliance, Daiwa, Deutsche Morgan Grenfell, Fraser. GK Goh, ING Barings, Kay Hian, Kim Eng. Merrill Lynch. Elec A Eltek ♦(Buy) Indosuez WI Carr, June 4, US$4.l6 We remain positive on the stock
        519 words
      • Article, Illustration
        In My Opinion
        438 2  -  Jonathan Hazell Asian Strategist Barclays Capital Ltd HE prospects for the I Singapore dollar X against the US dollar look bleak. Clues to the ftiture can often be found by looking at historical trends and examining the wave-like pattern of currency performance. Such patterns suggest that the
        438 words
    • Article
      Seven long-term buys to consider
      1078 2  -  As more unit trusts join the CPF-approved list under new guidelines, it's time to see which are worth investing your retirement funds in By\ Shiv Taneja [SINGAPORE] EVERY unit trust manager in Singapore is looking to get as many as possible of its unit trusts
      1,078 words
    • Article, Illustration
      Lock icon An overhaul for Thailand Inc
      562 2  -  ETC ON THE HGGIOK: THAILAND The SET takes a tough stance in a bid to make the bourse more transparent From, Marish Mehta in Bangkok THE sheriff-like Singh Tangtatswas, president of the Stock Exchange of Thailand, is just doing his job to make the companies
      FILE PHOTO  -  562 words
    • Article
      The selection criteria used
      175 2 A KEY criteria of the government's new investment guidelines for CPFapproved unit trusts is that the unit trusts must be "reasonably diversified". The guidelines do not specifically state if singlecountry unit trusts would make the cut, but we have decided for our purposes they will not.
      175 words
    • Article, Illustration
      Leave it to unit trusts: fund manager
      815 2  -  Individuals shouldn't take on the market themselves, he says By' Wong Wei Kong [SINGAPORE] As the Singapore stock market moves towards a US-style disclosurebased regulatory environment, individual investors will be better served leaving their money in a unit trust than by taking on
      815 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Disk drive demand seen picking up in second half
      412 3  -  But price stability depends on inventory cnts this quarter, says Quantum chief By Jennifer Lien DISK drive demand will likely pick up in the second half, but whether prices stabilise will depend on how much inventory drive makers cut this quarter,
      412 words
    • Article
      URA, HDB to up some parking charges
      296 3 THE Urban Redevelopment Authority (URA) and Housing and Development Board (HDB) will raise season par King charges by $5-$l5 for selected areas from next month. In a joint statement yesterday, the two bodies said that season parking charges will be increased for URA/HDB
      296 words
    • Article
      Property market party is over
      321 3  -  LETTER TO THE EDITOR Wu Men Yen I REFER to Henry Lim's letter in BT of June 5, 1998. I strongly disagree with his contention that the government should intervene to prop up the property market. My reasons are: ♦The May 1996 curbs provided a
      321 words
    • Article
      Slowdown puts plan to reduce sulphur in diesel on hold
      334 3  -  Amount of diesel used here, higher refining costs cited Christopher Tan THE economic slowdown has put the brakes on a move to reduce sulphur in diesel, a major fuel of industry. Trade sources told BT the plan was to cut
      334 words
    • Article
      Monsanto opens regional office in Singapore
      286 3 DESPITE having taken a beating in Asia due to the economic downturn, US life sciences company Monsanto remains committed to Singapore and the region, its senior officials said yesterday as it opened its new regional office here. Economic Development Board chairman Philip Yeo, officiating
      286 words
    • Article
      Job market still strong: agencies
      551 3  -  No trouble placing jobseekers as they're more realistic now By\ Km T1 Kanf MORE people may be jobhunting these days but the Singapore job market which for years has been chronically tight remains fairly strong, employment agencies say. Despite the recent spate of retrenchments which
      551 words
    • Article
      Sarawak keen on S'pore investments in biotech
      228 3 SARAWAK is out to attract Singapore investments and has lined up various incentives, its Minister of Industrial Development, Abdul Rahman Johari Tun Openg, said yesterday. In particular, it is keen on Singapore investments in biotechnology and information technology as it hopes to become
      228 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      114 3 In adversity there is opportunity -for the enterprising 1998 Enterprise 50 nominations are now open Companies can nominate themselves by completing the official nomination form. Companies must be home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 Revised Edition) with four years of audited statements. Nomination forms are available at
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      281 3 CKVPTIC CROSSWORD 1 Plan soldiers exploit to get 9 Drop a lengthy story (4) 10 Quietly train male rebels for 1 10 I I 1 H| 11 Keep terriers in check (6) j 12 States small change in dispatch cause delay 15 Judge a foreign aristocrat to be 12|[13 I
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  • TELECOMS CONFERENCES
    • Article, Illustration
      Lock icon Apec agrees to mutually accept equipment tests
      548 4  -  Move expected to cnt down technical barriers, boost intra-Apec trade iw Teh Hooi Ling APEC telecommunications and information ministers broke new ground yesterday by agreeing to recognise one another's tests on telecoms equipment, paving the way for faster time-to-market for such products in
      AFP  -  548 words
    • Article, Illustration
      Whole new world in mobile communications
      544 4  -  Wideband CDMA allows huge amounts of info to be sent through the air By Teh Hooi Ling VISITORS to the just concluded telecoms and information technology exhibition CommunicAsia9B were offered glimpses of what the communications fraternities have to offer in the near future. Promising
      544 words
    • Article
      ST Advanced Radio to upgrade MobiTalk network
      257 4  -  Customers can soon use walkie talkies to make, receive phone calls islandwide By\ David Boey SUBSCRIBERS plugged into ST Advanced Radio's MobiTalk radio communications network service will soon be able to use their walkie talkie handsets to communicate with all telephone users islandwide.
      257 words
    • Article
      Cheaper Singapore One rates for businesses
      155 4 COMPANIES that wish to set up businesses on Singapore One can now connect to the national high speed infrastructure at cheaper rates. From June 4,1-Net, the infrastructure provider for Singapore One, is offering a new connection of 45 Megabits per second (Mbs) speed at
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      1553 4 (Kl LIANG HUAT ALUMINIUM LIMITED I LFU (Incorporated in the Republic of Singapore) I NOTICE OF ANNUAL GENERAL MEETING NOTICE OF EXTRAORDINARY GENERAL MEETING I E J S ,i lE,MV 6IVEN AT lhe Meeting of LIANG HUAT ALUMINIUM LIMITED NOTICi B HEREBY GIVEN that an Extraordinary General Meeting of the
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Muted reception to Indon debt accord with banks
      706 5  -  Confasion over what the three-year ((race period on repayment includes From\ S N Vasuki in Jakarta INDONESIA'S landmark debt accord with international banks received a muted reception yesterday from financial markets amid confusion over whether a three-year grace period on repayment of
      706 words
    • Article
      Lock icon Dr M again hits out at high interest rates, central bank's policies
      522 5 Reuters [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad yesterday fired a new salvo in a debate over interest rates, saying borrowing costs were too stiff and blaming the central bank's policies for a growth slowdown. He said current
      Reuters  -  522 words
    • Article
      Asian economies must spend to fight deflation: economist
      389 5  -  Central banks urged to cut interest rates to boost spending By\ Siow Li Sen [SINGAPORE] The region's battered economies must spend their way out of the deflation that is gripping them and central banks have to stimulate this spending by cutting interest
      389 words
    • Article, Illustration
      Lock icon Moody's may cut Malaysia's credit ratings
      287 5 Bloomberg [KUALA LUMPUR] Moody's Investors Service said it may lower Malaysia's credit ratings, warning that the country's economy will contract this year and cause bad loans to surge amid higher interest rates. The New York-based ratings company placed Malaysia's A 2 foreign currency rating
      Bloomberg; Source: Bloomberg  -  287 words
    • Article
      Lock icon KL to give banks more flexibility in managing liquidity
      277 5 Reuters [KUALA LUMPUR) Malaysia's central bank said yesterday that it will give banks greater flexibility in managing liquidity in a move which analysts said will free up more money for lending but may not reduce interest rates. A Bank Negara spokesman
      Reuters  -  277 words
    • Article, Illustration
      Not quite out of the woods
      729 5  -  COMMBMTABT Why the markets hardly bllnkedln response to Zndon dobt deal ttu Vikram Khanna WE NOW have a deal on Indonesia's US$BO billion (*****.4 billion) private corporate debt to international banks, yet the markets seem barely to have blinked: the rupiah has hardly budged
      729 words
    • Article
      Baht leads losses in Asian currencies
      609 5  -  Ten weakness still a drag rnpiah unable to extend gains By Larry Wee, R Sivanithy [SINGAPORE] Asian currencies and stocks ended yesterday with a whimper, with some currencies re-visiting lows seen earlier in the week and the Thai baht once again leading losses. In
      609 words
    • Article
      11 int'l banks to advise on Indon privatisation
      478 5  -  From Shoeb Kagda ts Jakarta INDONESIA yesterday appointed some of the world's leading investment banks to advise it on its privatisation programme, which will now proceed at a more urgent pace. The Ministry of StateOwned Enterprises announced that it has appointed American
      478 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      26 5 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. Another Classified Service
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  • REGION
    • Article
      Lock icon Ramos fires solicitor-general
      414 6 MANILA Move said to be tied to petition seeking Imeld&'s acquittal AFP PRESIDENT Fidel Ramos yesterday sacked Philippine Solicitor-General Romeo de la Cruz who had filed a petition seeking the acquittal of former first lady Imelda Marcos on corruption charges. "I accept your resignation effective June 8,"
      AFP  -  414 words
    • Article, Illustration
      Lock icon Indon ministry changes mind on deals' review
      531 6 JAKARTA Mines and energy ministry backpedals on pledge to look at Suharto-linked deals Bloomberg, AFP REVERSING his promise to review contracts with companies linked to former President Suharto, the head of Indonesia's Ministry of Mines and Energy said he'll honour all of the
      Bloomberg,; AFP  -  531 words
    • Article
      Lock icon Flights disrupted as PAL pilots go on strike
      228 6 MANILA AFP PHILIPPINE Airlines (PAL) pilots went on strike yesterday due to a labour dispute, disrupting several domestic and international flights, union officials said. Florendo Umali, spokesman for the Airline Pilots Association of the Philippines (Alpap), said the strike went into effect
      AFP  -  228 words
    • Article, Illustration
      Lock icon Sweetie, you have to go
      68 6 [BEIJING] A young girl being ordered off a sidewalk here yesterday by a security guard after she laid out a fabric sign explaining that her father had lost his job and that they need help with food or employment. China is engaged in a drastic
      AFP  -  68 words
    • Article
      Lock icon Three DAP opposition leaders punished
      319 6 KUALA LUMPUR Reuters MALAYSIA'S main opposition party has punished three leaders for attacking the party chief and his son in a sign of turmoil within its ranks, members said yesterday. Secretary-general of the Democratic Action Party (DAP), Lim Kit Siang, said the party's central executive
      Reuters  -  319 words
    • Article
      Lock icon Indonesia eases press restrictions
      328 6 JAKARTA It cancels minister's power to withdraw publishing permits AFP INDONESIA has announced wide-ranging moves to ease rigid restrictions on freedom of the press, including abolition of the dreaded practice of revoking publishing permits. "These moves are to introduce a new atmosphere into the life of
      AFP  -  328 words
    • Article, Illustration
      Lock icon Indonesian ethnic Chinese to set up new political party
      327 6 JAKARTA Greater contribution to society, bridging racial gap their aims Reuters MEMBERS of Indonesia's Chinese community, which bore the brunt of serious riots last month, yesterday said they planned to set up a political party. "We also want to dispel the
      Reuters; REUTERS  -  327 words
    • Article
      Lock icon Value of Taiwan private investment projects up 75%
      195 6 TAIPEI AFP SOME NT5456.3 billion (5522.5 billion) worth of private investment projects are to be completed in Taiwan by the end of 1998, economics minister Wang Chih-kang said yesterday. The figure marks a 74 per cent increase from last year, and the
      AFP  -  195 words
    • NOTE Book
      • Article
        Lock icon Philippine May inflation rises to 10.3%
        74 6 AFP [MANILA] The Philippines' year-on-year inflation rate rose to 10.3 per cent in May from 9 per cent the previous month, the National Statistics Office said here yesterday. On a month-on-month basis, prices increased by 1.3 per cent in May from 0.6 per cent
        AFP  -  74 words
      • Article
        Lock icon Int'l peg for China crude oil prices
        131 6 AFP [BEIJING] China yesterday moved to bring petrol prices into line with international standards as part of a drive to free its oil industry from the planned economy. The official Xinhua news agency said the move followed a decision by the State Council'(cabinet)
        AFP  -  131 words
      • Article
        Lock icon Thais entering NZ illegally for jobs
        137 6 AFP (AUCKLAND] Large numbers of unemployed Thais are illegally entering New Zealand after being duped by promises of jobs. Thai embassy officials said yesterday. Since January, about 400 Thais picked up at Auckland Airport as suspected illegal visitors have been detained and deported. The
        AFP  -  137 words
      • Article
        Lock icon China GDP seen growing 7% in life-half
        78 6 Reuters [BEIJING] China's gross domestic product (GDP) is forecast to grow around 7 per cent in the first half of this year, the China Financial and Economic News said yesterday, quoting the cabinet's think-tank, the Development Research Centre. Separately, the newspaper quoted Fan
        Reuters  -  78 words
    • Article
      Lock icon Seoul strike averted as union accepts talks
      231 7 SEOUL Bloomberg SOUTH Korea's second-larg-est labour union said it decided to join talks with the government and business leaders, scrapping a strike plan that could prolong the country's recession. The Korea Confederation of Trade Unions (KCTU) boycotted the resumption of the so-called "Tripartite
      Bloomberg  -  231 words
    • Article, Illustration
      Lock icon Oat to shield the environment
      60 7 [NEW DELHI] High school children holding umbrellas bearing environment-related slogans as they form a chain around the canopy, in front of New Delhi's India gate to commemorate World Environment Day yesterday. Hundreds of children staged the sit-in, organised by the capital's Department of Environment, to
      AFP  -  60 words
    • Article
      Lock icon Asia woes yet to take toll on Aussies
      278 7 CANBERRA Bloom berg AUSTRALIA hasn't yet felt the full effect of Asia's deepening economic crisis, a top Treasury official said, though there's no need for the government to cut its growth forecasts. "Yes, the full impact is yet to come," Mike Callaghan,
      Bloom berg  -  278 words
    • Article, Illustration
      Lock icon Korea's ruling coalition beats opposition in local elections
      500 7 SEOUL Win boosts Kim govt's economic reform drive which is facing resistance AFP SOUTH Korea's ruling coalition triumphed over the opposition in local elections, boosting President Kim Dae Jung's economic reform drive which is facing stiff resistance from sections of the establishment
      AFP; REUTERS  -  500 words
    • Article
      Lock icon Japan passes bills to deregulate financial markets
      296 7 TOKYO Banks, brokerages, insurance companies get freer rein Bloomberg JAPAN'S parliament passed a set of bills to deregulate the country's financial markets by scrapping fixed brokerage commissions and giving banks, brokerages and insurance companies freer rein to move in on each other's turf.
      Bloomberg  -  296 words
    • Article
      Lock icon India's US$l.2b asset sales may be stymied
      248 7 BOMBAY Bloomberg INDIA may fail to sell US$l.2 billion (Ss2 billion) worth of shares in some of the best state-controlled companies, as political constraints at home and foreign investor concern about the fallout of India's nuclear programme keep the planned issues from coming
      Bloomberg  -  248 words
    • Article
      Japan markets depressed by slew of rumours
      444 7  -  Nikkei, yen, JGBs fall on talk that Hashimoto may quit, farther bank failures From. Anthony Rowley in Tokyo A SWIRL of market rumours ranging from suggestions that Japanese Prime Minister Ryutaro Hashimoto might be forced to resign over an alleged financial impropriety to
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      1365 7 Hwa Hong Corporation Limited I (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Forty-Fifth Annual General Meeting of the Company will be held at the Function Room, Ground Level, Trade Mart Singapore, 60 Martin Road, Singapore *****5 on Tuesday. 30 June
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  • THE WORLD
    • Article
      US markets up as strong jobs report hints at future slowdown
      480 8  -  NEW YORK Bnt rough day seen for electronic stocks after news of Motorola job cuts From Andrew Marks US markets opened moderately higher yesterday, after the Department of Labour's May employment report came in above consensus forecasts but failed
      480 words
    • Article
      Lock icon Inflation threat from US growth rate
      394 8 BIRMINGHAM, Alabama Bloomberg THE US economy is growing at a rate which threatens accelerating inflation, and it's unclear whether Asia's economic woes will slow growth here as much as first thought, Federal Reserve Governor Edward Kelley said. "At the moment the economy is operating
      Bloomberg  -  394 words
    • Article, Illustration
      Lock icon Beady for the World Cup
      64 8 rele sed n T Thu rsday shows some of the artists who will walk through Paris next Tuesday during La Fete du Football (The Soccer Festival), vinhiah JeanPa f cal ffW- Trumet and produced by Gad Weil and William Perkins on the eve of the
      AFP  -  64 words
    • Article
      Lock icon Russian rate slash sign of govt confidence
      449 8 MOSCOW Reuters RUSSIA'S decision on Thursday to slash key interest rates to 60 per cent from 150 per cent demonstrated the government's confidence that local markets are on the road to recovery and that it can defend the rouble. The cuts in the
      Reuters  -  449 words
    • Article
      Lock icon Bre-X's ex-CEO dies in Bahamas
      124 8 WASHINGTON AFP DAVID Walsh, the former chief executive of the Canadian firm at the centre of the world's biggest gold mining fraud, died on Thursday in the Bahamas. Mr Walsh, 52, "expired at around 2.15pm", Andrew Branker, a spokesman at Doctor's Hospital in the Bahamas,
      AFP  -  124 words
    • Article, Illustration
      Lock icon Art imitating sport
      51 8 [ZURICH] Pitch a curve ball! A hook! Dancers of American dance company Momix mimicked with their flexible bodies the sinewy movements ofAmerica's well-loved sport in their new programme titled Baseball on Wednesday. Momix was formed in the early eighties under the direction of star choreographer Moses Pendleton.
      REUTERS  -  51 words
    • Article
      Lock icon IMF resources running dangerously low: Rubin
      354 8 WASHINGTON Fund's financial bind threatens global economy, he warns Bloomberg LACK of US congressional action and a tilt towards isolationism have left the International Monetary Fund in a financial bind that threatens the global economy, US Treasury Secretary Robert Rubin said. "The resources of
      Bloomberg  -  354 words
    • Article
      Lock icon Clinton sticks to China protocol
      389 8 WASHINGTON Reuters PRESIDENT Bill Clinton on Thursday stuck to plans to participate in a welcoming ceremony at Tiananmen Square during a trip to China this month, despite protests from many US supporters of democracy there. White House spokesman Mike McCurry said Mr Clinton would follow
      Reuters  -  389 words
    • Article
      Lock icon Euro not seen displacing US$
      283 8 GENEVA Central bankers say euro exchange rate could be volatile Reuters THE euro will assume a key international role reflecting the European Union's economic might, but will not displace the dollar's primacy un til Europe can power global growth, central bankers said yesterday. They also
      Reuters  -  283 words
    • Article
      Lock icon EU ministers pick German to head EBRD
      155 8 LUXEMBOURG Reuters EUROPEAN Union finance ministers yesterday agreed that Germany's Horst Koehler would head the European Bank for Reconstruction and Development, a post made vacant since Frenchman Jacques de Larosiere retired in January. German Finance Minister Theo Waigel said on the sidelines of
      Reuters  -  155 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      78 8 POOHESBPRY By Garry Trudeau ACTUALLY, NO, ROLAND—TT M?'/£NOCU GCTTMUCH MORE &A VE US AN OPPORTUNITY TO DEPTH /AT OUR itiCNICA BUREAU W SOUNDS LIKE f lOELL. M HAVE BEEN QUITE A BLOW REDISTRIBUTE OURTALENTAND AS WELL AS ADDED STRENGTH IN \THEPUBLICIS m THAT TO CNNIS 70MAN TRIAL TEAM! BEEF UP
      78 words
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  • Companies & Markets
    • Article, Illustration
      UOB slashes Indonesia loan exposure by 34%
      275 9  -  As at April 30, net exposure was $660 m compared to $lb at end-1997 Byl Siow Li Sen [SINGAPORE] United Overseas Bank (UOB) yesterday said it has reduced its $1 billion exposure to Indonesia by more than a third. A spokeswoman told BT
      275 words
    • Article
      SIA Engineering in venture with Hamilton to overhaul engine parts
      207 9  -  By Felix Chan [SINGAPORE] SIA Engineering has agreed to form a joint venture with Connecticutbased Hamilton Standard to repair and overhaul aircraft engine components. Hamilton, a unit of United Technologies Corp (UTC), will own 51 per cent of the venture.
      207 words
    • Article
      Lock icon DBS Land cuts staff amid slowdown
      178 9 Bloomberg [SINGAPORE] DBS Land Ltd. among Singapore's biggest developers, confirmed it has cut some of its staff amid the slowdown in the economy and the property market. "It's part of our review of manpower and business requirements," said a DBS Land spokeswoman. She wouldn't
      Bloomberg  -  178 words
    • Article
      Comfort should learn to say 'no' when it matters
      662 9  -  HOCK LOCK SIEW Christopher Tan TRANSPORT operator Comfort Group, it would seem from its latest annual results, was in the wrong places at the wrong time. A relatively newly-incorporated arm of the NTUC-Singapore Labour Foundation family, Comfort has in the past
      662 words
    • Article
      Roly to acquire buying agent for US$ 10m
      314 9  -  LinmarkWestman operates in Asia for retailer clients By] Louis Beckerling [SINGAPORE] Roly International is to pay US$lO million (Ssl7 million) to acquire Linmark Westman International Ltd (LWI), a buying agent operating in Asia on behalf of a range of retailers. The offer
      314 words
    • Article
      Comfort introduces 'restaurant-style billing' to make surcharges clear
      303 9  -  i Christopher Tan [SINGAPORE] Transport operator Comfort has introduced what it calls "restau-rant-style billing" that makes transparent the various surcharges incurred in a taxi ride. A new computerised meter, described by Comfort Transportation general manager Yang Ban Seng as "tamp-er-proof and foolproof',
      303 words
    • REGIONAL COMPANIES
      • Article
        Mingly, Sally Aw call off Sing Tao takeover talks
        435 10  -  Talks continuing with other third parties, says Sing Tao chief From' Quak Hiang Whai in Hongkong CHA Chi-ming's Mingly Corporation and Sing Tao's controlling shareholder Sally Aw Sian have terminated all discussions on their takeover plans. But the Sing Tao chairman
        435 words
      • Article, Illustration
        Lock icon Why China's richest man sees red
        500 10  -  From Quak Hiang Whai in Hongkong LARRY Yung, once rated the richest man in China, is now probably the businessman with the biggest amount of paper losses. Shares of Citic Pacific, the Hongkong-listed red chip controlled by Mr Yung, yesterday plunged to new lows,
        FILE PHOTO  -  500 words
      • Article
        Lock icon Moody's cuts Wharf unite' guaranteed debt ratings
        139 10 AFXAsia [HONGKONG] Moody's Investors Service said it has downgraded its ratings of the guaranteed debt of Wharf (Holdings) Ltd's subsidiaries to Baa 3, from Baal, and added that the rating outlook remains negative. In a statement received here, Moody's said these rating actions
        AFX- Asia  -  139 words
      • Article, Illustration
        Sansiri woos S'pore buyers for Thai apartments
        364 10  -  By Conrad Raj [SINGAPORE] Thai-listed property company Sansiri is hoping that Singaporeans will find its apartments a good buy despite the country's economic problems. The company is marketing about 40 of its Baan Piyasathorn apartments im Bangkok for about $198 per sq ft
        364 words
      • COMPANY Briefs
        • Article
          IPC shares drop 14%
          130 10 IPC Corp's shares yesterday plummeted 14 per cent, or 1.5 cents to hit a new historic low of 9 cents. Punters unloaded the shares on renewed speculation about the company's financial health. News agencies reported rumours that tight cash flow may have affected the group's payroll.
          130 words
        • Article
          Lock icon Astra unit posts 7.3b rupiah Q1 profit
          72 10 AFX-Asia [JAKARTA] PT Astra International unit PT Bank Universal said it posted net profit 0f7.346 billion rupiah (Ssl.l million) in the first quarter. Comparative figures for the year earlier were not available. The company said in a statement submitted to the Jakarta Stock
          AFX-Asia  -  72 words
        • Article
          Lock icon Berjaya Cap completes divestment
          89 10 Bernama [KUALA LUMPUR] Berjaya Capital Bhd, a Berjaya group company involved mainly in financial services, has completed its divestment of its entire shareholdings in Berjaya Prudential Assurance Bhd. Berjaya Capital said the divestment involved the company's entire stake in Berjaya Prudential of 68.8 million ordinary shares
          Bernama  -  89 words
        • Article
          Correctionss & clarifications
          46 10 Correctionss clarifications AN item in this column on June 4 headlined "Freight Links' director reduces holdings" said Freight Links Express Holdings director Tan Kay Hock sold 250,000 shares to Hong Leong Finance. The shares were sold via Hong Leong Finance. We are sorry for the error.
          46 words
      • Article
        Lock icon Westmont revises 1996 profit to RM7l5m loss
        243 10 Bloomberg [KUALA LUMPUR] Westmont Industries has revised its fiscal 1996 results, posting a pre-tax loss of 715 million Malaysian ringgit (Ss3o3 million) instead of the RM74.4 million profit announced on April 1,1997, as it set aside more money for bad debts. The shipping
        Bloomberg  -  243 words
      • Article
        Lock icon Peregrine creditors' exposure put at US$3b
        454 10 New estimate triples first forecast; slow asset recovery likely FT [HONGKONG] The exposure of creditors to Peregrine, the failed Asian investment bank, is estimated at some US$3 billion (Sss billion), three times the level originally envisaged by the market. The figure emerged as Peregrine
        FT  -  454 words
      • Article
        Lock icon Four Seasons, Walton St Capital buy Regent Hotel
        215 10 Sale price of 16-year-old Sydney hotel not disclosed Bloomberg [SYDNEY] Four Seasons Hotels Inc and Walton Street Capital, Chicago, said they bought Sydney's Regent Hotel for an undisclosed price. Walton Street will own most of the hotel, with a small stake held
        Bloomberg  -  215 words
      • Article
        Lock icon Regent Pacific raises Pioneer offer
        151 10 AFX-Asia (HONGKONG] Regent Pacific Group Ltd said it has increased its offer for Pioneer Industries International (Holdings) Ltd to HK$l.75 per share in loan notes issued by Chester Investments, up from HKJI.SO. Chester, a wholly-owned unit of Regent, will exchange the loan notes for Pioneer
        AFX-Asia  -  151 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Motorola to slash 10% of workforce, take US$2b charge
        352 11 It also sees operating loss for Q2 in its first plnnge into the red since 1985 NYT [CHICAGO] Motorola Inc announced late Thursday that it would eliminate 15,000 jobs, or 10 per cent of its workforce, and take a US$l.95 billion
        NYT; Source: Bloomberg  -  352 words
      • Article
        Lock icon VW wins fight for Rolls-Royce
        185 11 Bloomberg [LONDON] Vickers Pic shareholders approved the sale of Rolls-Royce Motor Cars Ltd to Volkswagen AG for £430 million (Ssl.2 billion), ending a seven-month fight for one of the world's most prestigious brands. Shareholders in the UK manufacturer rejected a £340 million offer from Bayerische
        Bloomberg  -  185 words
      • Article, Illustration
        Lock icon For those in a big hurry
        79 11 [TOKYO] Japanese computer giant NEC Corp unveiled the world's fastest supercomputer in Tokyo on Thursday. In its maximum configuration, the new SX-5 series can reach vector processing speeds of up to four teraflops (one trillion floating point operation per second), four times faster than
        AFP  -  79 words
      • Article
        Lock icon Astra to buy Merck out in USslob 'divorce'
        411 11 Move will free Swedish group to pursue mega-merger FT Bloomberg [NEW YORK] Swedish pharmaceuticals group Astra is close to announcing a deal worth up to US$lO billion (Ssl7 billion) to acquire control of its US joint venture with US giant Merck. The
        FT; Bloomberg  -  411 words
      • Article
        Lock icon Intel faces USsl.4b payout on put warrants
        281 11 This follows fell in stock price to below US$7O Bloomberg [WASHINGTON] Intel Corp may have to pay almost US$l.4 billion (552.4 billion) to investors who own securities known as put warrants, now that its common stock has dipped below US$7O a share. The
        Bloomberg  -  281 words
      • Article
        Lock icon Maxtor to offer up to USss7sm stock in IPO
        151 11 Reuters [WASHINGTON] Maxtor Corp yesterday filed with the Securities and Exchange Commission an initial public offering for up to US$575 million (*****.5 million) in common stock. The offering will be made through Salomon Smith Barney, Hambrecht Quist, Lehman Brothers, Merrill Lynch
        Reuters  -  151 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        512 11 V>*sat Voy Mo Barth Arrive Dapartun «B P 06/99 Mm J22 1KXKJSKJ* 07.06/2300 tt Mriztl *****6 JOI Hongudt 06.06/0600 at Kara »29 *****8 J01 Jtoaquta 06.06/0100 «W *****8 J01 ataa*** 06.06/0200 Hm 1 0059® J13 thnqnOt 09.06/1700 HoaqwHj 1 J14 Hooguk 09.06/0600 JiKMg 010 JW ilwguM 06.06/0300 001*
        512 words
      • Article
        CONTAINER SCHEDULES
        1552 11 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Booking/Mane* Rstts ttjp Voy Wo Etfc/ttr Ported Fnw To Frow Aci Omy OIU 07/000 It 05/1500 05/1459 OS/HOO 05/1500 05/1459 OVIW U 05/1700 04/0*59 54/0900 a OVTTOO 04/0459 MM J 04/0700 04/1159 04,1400 4 01/1200 04/1459 04/1700 amhmb Si warm
        1,552 words
    • FINANCE & COMMODITIES
      • Article
        Deutsche Bank denies it is eyeing BCA stake
        444 12  -  Report says it is one of 4 contenders for the Suharto family's 30% stake in bank Froml S N Vasuki in Jakarta GERMANY'S Deutsche Bank yesterday denied a Jakarta newspaper report that it was one of four contenders seeking to acquire the
        444 words
      • Article
        Lock icon Nationwide Insurance to buy Allied for USsl.7b
        339 12 It's largest hostile takeover by a US mutual insurer FT (NEW YORK] Nationwide Insurance Enterprise, the Ohiobased mutual insurance group, on Thursday announced it had reached an agreement to buy Allied Group, the lowa-based insurer, concluding its highly unusual unsolicited tender offer for
        FT  -  339 words
      • Article, Illustration
        Lock icon US dollar to gain against yen
        399 12 USS/mark: The greenback traded lower this week from Monday's high of 1.7856 to touch a low of 1.7625 by Thursday. The unit was seen hovering around the 1.7680 level yesterday morning. Strong support is seen at 1.7515. USS/mark would need to breach this level
        Source:  -  399 words
      • Article
        Lock icon Creditors of BCCI likely to recover over 50% losses
        427 12 FT [LONDON] Creditors to the collapsed Bank of Credit and Commerce International now look set to get much more than half their losses back from liquidators appointed when BCCI fell victim to the world's biggest fraud in 1991. Liquidators on Thursday
        FT  -  427 words
      • Article
        Lock icon JGBs down as bulls pause for breath
        252 12 SOKEXReport Reuters {SINGAPORE) Simex Japanese government bond futures (JGBs) went into a tailspin yesterday amid vague rumours of a financial scandal involving Japanese Prime Minister Ryutaro Hashimoto and speculation that he might resign. Dealers said a stronger dollar against the yen and players
        Reuters  -  252 words
      • Article
        Futures edge up as cash index rises
        169 12  -  MSGI TAIWAN FUTURES Cecilia Loh Cecilia boh, service dealer, Refco Singapore [SINGAPORE] The Simex MSCI Taiwan Index futures edged up 1.90 points, in correlation with the cash index, which gained 79.62 points following Taiwan government's move to boost the market. The lower minimum
        169 words
      • Article
        Lock icon Riyadh pact trio push for more oil cuts
        217 12 ENERGY REPORT Reuters [AMSTERDAM] The oil ministers of giant producers Saudi Arabia, Venezuela and Mexico yesterday began to drum up support among other petroleum exporting nations for their plan to withdraw more supply from the saturated market. Saudi Arabian Oil Minister Ali
        Reuters  -  217 words
      • Article
        Lock icon CURRENCY REPORT
        289 12 AFP London THE yen fell to its lowest level against the dollar in seven years yesterday afternoon on the London forex market, after publication of some strong US employment figures. The dollar was up in early afternoon to 139.89 yen against 139.15 before release of the US data
        AFP  -  289 words
      • Article, Illustration
        Untitled
        1272 12 mTBKBAint CROSS EATB8 Jun5 A> C$ N* ICU Fir P» m *4*9+* tw i WNfcl» Nf S> —i Mr 1$ WW US$ Australia 0.890 6J78 0448 3422 1000 <740 25.562 70.657 0445 1528 2.427 184 ***** ***** 1025 3.100 0491 20.758 ***** 0270 0.601 Canada 106 5.703 0.617 4.078 1216
        1,272 words
    • Article
      COMMODITY PRICES
      1809 13 MOOM rOTPRES RUB8EI (Marts ctowng «it S.30*«) RSS 1 CONTRACTS cwrtiAg) Ctoso VoteiM Opto W?? Low Sott (towns) Iwtortst M» 120.00 1265 A«« 98 121.00 120.50 121.25 1200 1265 Sop 122.50 122.50 122.50 600 1015 Oct/Doc 9® 127.00 75 4500 J99 132.00 132.00 131.75 225 2400 Apr/** 99
      1,809 words
    • Article
      WORLD STOCK MARKETS
      2239 13 LONDON MntrWs 31 Group 668.400 16.400 AB Ports 364.400 4.400 Abbey National 1080.000 21.000 Allied Domocq 600.000 2.000 Amec 203.000 1.000 Asda Croup 190.000 3.600 BAT Ind 592.000 9.600 BG Ptc 318.200 2.200 BKX 156.600 -0.400 BOC Group 940.000 -12.000 BR Petroleum 907.400 17.000 BTR 198.000 3.000
      2,239 words
    • Article
      Lock icon TOKYO
      1638 13 Bloomberg Q Nikkei 225 -IQ&Q4 JAPANESE stocks fell, led by Long-Term Credit Bank of Japan Ltd and Fuji Bank Ltd, as local magazines reported on troubles at the banks. The banks denied or dismissed the reports. "The heightened concern about Japanese banks' credibility gave foreigners a reason to sell,"
      Bloomberg  -  1,638 words
    • Article, Illustration
      Lock icon HONGKONG
      1516 14 Reuters PI Hang Seng +11.04 STOCKS closed largely unchanged yesterday as cautious investors clung to the sidelines ahead of US payrolls data due later yesterday. The Hang Seng Index added 11.04 points, or 0.13 per cent, to end at 8,569.47. Turnover shrank to a slim HK$3.4B billion. "We are
      Reuters  -  1,516 words
    • Article, Illustration
      Lock icon CHINA
      622 14 Reuters |J Shenzhen B Index -Pig SHENZHEN'S hard currency B share index closed lower in quiet trade yesterday as foreign investors sold on the lacklustre performance of the neighbouring Hongkong stock market, analysts said. The B Share Index dropped 0.68 point, or 0.73 per cent, to 92.10 on turnover
      Reuters; Source:  -  622 words
    • Article
      Lock icon TAIPEI
      378 14 AFP fIWP Index +79.62 TAIWAN stocks gained 1.1 per cent yesterday, rallying on the back of buying support extended by governmentsponsored funds, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 79.62 points to 7,505.58, following a 2.8 per cent dip in the previous session. "The government-affiliat- Ed
      AFP  -  378 words
    • Article
      Lock icon WELLINGTON
      257 14 AFP Wellington -1134 NEW ZEALAND stocks fell 0.8 per cent yesterday on news that Moody's Investors Service was reviewing Telecom Corp's foreign currency credit rating following a similar warning about New Zealand's sovereign rating. The NZSE-40 Index was down 16.34 points to 2,135.70. Turnover was worth NZ5143.8 million. AFP
      AFP  -  257 words
    • Article, Illustration
      Lock icon BANGKOK
      787 14 AFP fit SET Index -0.65 THAI share prices fell 0.2 per cent yesterday amid profittaking in blue chips and on a weaker local currency, analysts said. "The market dropped because of the weaker baht and profit-taking in blue chips after earlier gains," ABN Amro Asia Securities analyst Chai Jirapranusevi
      AFP  -  787 words
    • Article
      Lock icon SEOUL
      430 14 AFP F1 Composite Index +9.07 SOUTH Korean share prices closed 2.7 per cent higher yesterday as sentiment improved with the ruling coalition's victory in local elections, dealers said. They said a press conference by President Kim Dae Jung helped boost investors' belief that the economy would get better. "Kim's
      AFP  -  430 words
    • Article
      Lock icon SYDNEY
      588 14 AFP n All Ordinaries -15.6 AUSTRALIAN share prices slipped 0.6 per cent yesterday as the Reserve Bank of Australia dismissed talk of a cut in official interest rates. The All Ordinaries Index fell 15.6 points to 2,642.8, the All Resources Index 3.1 points to 1,074.2, and the All Industrials
      AFP  -  588 words
    • Article, Illustration
      Lock icon JAKARTA
      731 14 AFP rl Composite Index +3J9 INDONESIAN share prices rose 0.8 per cent yesterday amid profit-taking in selective blue chips that benefited from Indonesia's successful private debt rescheduling, dealers said. "It is a typical local market. People were buying just for one-day profit," a dealer at a local brokerage said.
      AFP  -  731 words
    • Article
      Lock icon MANILA
      322 14 AFP Manila +188 PHILIPPINE share prices inched up 0.1 per cent yesterday as investors bought stocks whose prices have fallen substantially in previous sessions, analysts said. The Philippine Stock Exchange Composite Index gained 3.88 points to 1,957.76 points. Volume fell to 278.86 million shares worth 499.61 million pesos. AFP
      AFP  -  322 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8488 15 MOUSTtlALS CMHMMT products •998 Lett Vol Day Ne4 Cap High Law Company SM OOP Hlg* Law P/I Smll 310 tao Ajinomoto 228 -2 3 228 228 12.6 92.4 148 62.5 Angkasa 70 unch 4 72 70 1.6 103.2 290 123 Apollo Food Hlg 151 -9 2 155 151 4.4 60.4
        8,488 words
      • Article, Illustration
        Moody's report, weak ringgit hit market
        375 15 CI Composite Index -1X56 MALAYSIA'S key stock index ended 2.6 per cent lower yesterday, dragged down by the weaker ringgit and another gloomy report from Moody's Investors Service, dealers said. The Composite Index closed at 505.05 points, down 13.56 points from Thursday's close. The
        375 words
    • WARRANTS&OPTIONS
      • Article
        Untitled
        3423 16 BONOS, LOANS ft WARRANTS too* *< Mian i.... Lm« Vol Day Last Ouota Av« Compaoy sale *or- COOO) Mtgh Lew Buyer Sell* Price 23.5 9 m 3000 m AMOB c5.S%*****6 12 I I I U I 20.5 8 3160 "Acer ******1 US$ 10 75 9 95 8.5 3164 Acme ******4
        3,423 words
      • Article
        HPL wit time not on its side
        158 16  -  WARRANT WATCH -By R Sivanithy THE Hotel Properties stock has not recovered much ground even though the company's managing director, Ong Beng Seng, has come forward to quash rumours about his ill-health. At 62.5 cents compared to a net asset value estimated to
        158 words
    • Article
      CLOB INTERNATIONAL
      2335 16 Transaction date Jun 5 MALAYSIAN STOCKS Of Gf L«t V* Day Last Quote ON Mv YW Nat M Cap HtgH L— Stwo Company iaH CQOO) High Low Buyer >«Xf H C'vt P/I Sir* 135 28 miSOOO AISBSOe 31 »1 74 51 50.5 50.5 51.5 5.0 3.3 2.1 211
      2,335 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6723 17 Transaction date: Jiui 5 or or mm >»»• La«t Vol Day L«St OueO W» W» IW Ce# Ml 9»< >•» StNe Company Sale COOP) High Lao 8uy»r Itltr H fw P/I Price MOUSTVtALS 43 16.5 e 1020 ACE Dynemics60c.... 16.5 cd unch 120 17
      6,723 words
    • Article
      SESDAQ
      1197 17 Or Cc M Wt l*M Last Vol Day Last Owvt* Oiv CMv VM Met Cap A«q HN> U» ««»> C !■>>■> MH COOP) Law Bwyar Whr Cw P/t $i» Prtca 134 79.5 a 2000 A BR MIOgs 5c 88 90 42.9 81 243 76 a 2049 AS Auto 10c
      1,197 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        218 18 Stocks Volume DBS Land 8.265,000 IPC Corpn 5c 7,759,000 Easyknit HKKk 6,696,000 SingTel 15c 5.427,000 •MBF Land Bhd 5,128,000 OUB Foreign 4,701,000 •MBf Capital 3,985,000 •Rekapacific Bh 2,947,000 •M Resources 2.913.000 DBS Foreign 2.799.000 Stacks DBS Foreign 25.925.914 OUB Foreign 21.408,076 U08 Foreign 17,014,215 OCBC Foreign 15,323,795 SIA Foreign 14,615,642
        218 words
      • Article, Illustration
        Electronics, bank stocks lead market lower
        683 18  -  STOCK MARKET COMMENTARY STII suffers eighth loss in past 10 sessions; second liners follow suit as bine chips reel; KL shares hit by weak RM, Moody's report By R Sivanithy [SINGAPORE] Against a backdrop of weak regional currencies and a worsening economic outlook, local
        683 words
      • Article, Illustration
        HOT STOCK
        88 18  -  J im -by Shiv Taneja. KIM Eng Holdings closed half a cent higher yesterday at 40.5 cents on a volume ot 1.325 million shares, compared with its 10-day trade average of 584.300 shares. The counter appears to be building a base of support at the current level, and
        88 words
      • ON THE GRAPEVINE
        • Article
          Century-long phone call
          94 18 TELEPHONE companies which ignore the millennium bug do so at their own peril, according to an article in Vistas, a publication of the Telecommunication Authority of Singapore. We should add that the peril is more likely to be visited on telephone subscribers if the following unnerving quote
          94 words
        • Article
          The force is out there
          164 18 THE next time you apply for a job, don't be surprised if your application is given a thorough once-over by a cop. No, not a Singapore policeman, but a fellow who might have the following credentials: a short stint with the British army, then several
          164 words
        • Article
          Triple bonus
          74 18 OCBC Asset Management is not just giving away free personal accident insurance and bonus units to investors who subscribe to its latest unit trust offering, the US dollar denominated OCBC Savers World Bond Fund, during its launch period which lasts till June 30. It is also throwing in
          74 words
        • Article
          Driving UwardstkeFmrCTs
          131 18 DRIVING along Singapore's roads during peak hours can be stressful. But take heart You can get a chance to win oneof the four Cs—condo, car, country club and cash if you drop by a Shell kiosk to buy petrol and other goods. In an "It could be you
          131 words
        • Article
          Computer gets to keep alarfes
          159 18 ANOTHER reason why technology is wonderful, but only when it (and humans) work together. According to an AFP report earlier this week, human and computer errors meant that British Telecom (BT), the largest British telephone company, failed to pay 100,000 of its employees their monthly
          159 words
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      Page 9 Advertisements Column 1
      63 9 America's LegendarySteaki iouse I las arrived In Singapore. Ml (l( VS OF CHICAGO THE LEGEND THE STEAKHOUSE Excli'siyely USD A Prime Aged Beef Fresh Fish Seafood Private Boardroom Dining Exceptional Wines Dinner Served Nightly Dixixg Hoi rs MOSDAY S:\ l l 'RI)AY 5.30 pm 11.00 pm Si'WAY 5.00 pm 10.00pm
      63 words
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      Page 10 Advertisements Column 1
      196 10 mucu'rivii Appointments WjiiiFoTmm account E| MANAGER Rapartiaj t« till Ciaatry Milter Siajapara nd Rijiml Ci-irdiaitir fir Brawa 6m4j, this rail jivis yaa upict iar ckasaa cudiJiti ti matailly ittini till eiatinir darakla ntiil aadit fir tki rajiaa. Yaar Pradaet Maaifiaiiat raspaasikilitias aavar tki fallawiaj: Miiataiaiaj tip qaality pradact Haa 6fK
      196 words
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      Page 18 Advertisements Column 1
      566 18 BUSINESS v y THE COMPANIES ACT CAP. SO TEX LINE MARKETING PTE LTD (In VoiuiUry Liquidation) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 10 Anson Road. #13-12 International Plaza. Singapore *****3 on the sth day of June, 1998 at 11.00
      566 words
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      Page 18 Advertisements Column 2
      307 18 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF LOAKNATH ENTERPRISE (S) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTION (Pursuant to Section 290(2)(b) At an Extraordinary General Meeting of the Company held on 31st May 1998 at 60 Albert Street
      307 words
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      Page 18 Advertisements Column 3
      517 18 CHUAN SOON HUAT INDUSTRIAL GROUP LTD NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 18, Sungei Kadut Street 2, Singapore *****6 on 29 June 1998 at 4.00 pm for the following purposes: AS ORDINARY BUSINESS 1. To receive and adopt the Directors'
      517 words
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      Page 18 Advertisements Column 4
      83 18 R •Pi H M and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a toppingout
      83 words
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      Page 18 Advertisements Column 5
      37 18 BOY it SELLit FIND it 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. 1800-737-1166 Cdl !«4ir (•> Ittilu
      37 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon The return of Planet Football
      1376 19  -  The World Cup kicks off in Paris on Wednesday. shahirom mhui reflects on how everything else tends to get sidelined whenever this quadrennial event rolls around SHARON SAHARI IT'S ALMOST upon us again, that quadrennial orgy of goals, fouls, controversy, and heroes and villains. Along
      Reuters  -  1,376 words
    • STRAWS In The Wind
      • Article
        Meal with no deal
        51 19 CORPORATE life seems able to turn the most mundane activity into something purposeful, and thus simple breakfasts and lunches become power pow wows. Because of this, when one public relations firm invited a journalist for a meal, it hastened to add that it was a "no-agenda"
        51 words
      • Article
        Colonial relic
        94 19 THERE are strange things buried in fine print, and one of them was found recently in a government gazette. It was a Bill to repeal the Princess Elizabeth Fund Act which, it seems, is no longer required. The act had been enacted to allow the HDB to let
        94 words
      • Article
        Man of the future
        106 19 WITH Viagra such a jackpot for Pfizer, some think there's a possibility the drug company will be rushing out a whole new line of drugs to improve male performance in today's society. Among them: Directra a dose taken before a car trip that will make 72
        106 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon Man from tomorrow
        1404 20  -  The Asian economic crisis is only the beginning. Get ready for a period of unprecedented uncertainly, Paul Saffo, the futurist who's consulted by Fortune 100 companies and government agencies, tells kenmeth james KENNETH JAMES Recently, the influential World Economic Forum named Paul SafTo one of 100 "Global
        CHRIS LOH  -  1,404 words
      • Article
        Acts of national self-congratulatkm
        865 20  -  COMMENTARY A look at the personality-bending properties of World Cop chauvinism By\ Kevin Sullivan THE FIRST World Cup I can remember was in 1966. I was learning to knit. My parents were enthusiastic about activities which fostered eyehand coordination Before we reached the age of 10
        865 words
      • Article, Illustration
        Lock icon The rewards of conservatism
        654 20  -  Starting small and proceeding with caution, construction firm Spandeck Engineering has quietly built up an impressive track record, cabol emo reports CAROL ENG IT STARTED small, one cautious step at a time, but that conservatism seems to have served Spandeck Engineering well. The construction firm started
        ARTHUR LEE  -  654 words
    • puksutis
      • Article, Illustration
        What's your Affandi worth now?
        935 21  -  With the rupiah falling up to 70pc against the US dollar, what is the 'real' value of a piece of Indonesian art? pabyathi m marayak talks to dealers PARVATHI N NARAYAN Every aspect of life, including art, is affected by that man-made arbiter of fortunes,
        935 words
      • Article, Illustration
        Still very much in vogue at 40
        550 21  -  COLLECTING She may have her detractors, bnt the Barbie doll continues to be a favourite with little ((iris. And some big girls as well By 1 Tan Su Yen BLOND, blue-eyed, full-fig-ured and always fashionable. Barbie dolls in all their plastic perfection occupy
        550 words
      • Article, Illustration
        Making faces for the theatre
        653 21  -  EXHIBITION Masks, which have been with us since antiquity, are tools of communication and have many a tale to tell Parvathi N Narayan "WE have learnt to lie with the faces we use daily to communicate. But masks cannot lie, cannot trick; what they say
        653 words
    • Article, Illustration
      Lock icon Look who's acting crazy
      730 22  -  CELEBRITY The conflicting reports being issued abont Leonardo DiCaprio's involvement in American Psycho are enough to make you wonder if he's lost his marbles By. Amy Wallace LAT-WP HAS LEO gone what Hollywood wags are wondering in the wake of a series of contradictory announcements about
      LAT-WP  -  730 words
    • Article, Illustration
      Towering at a theatre near you
      722 22  -  CINEMA Spielberg gave as some overgrown lizards, but they were mere rants compared with Godzilla, the atomic peril first spawned in Japan's Toho Studios and noi trampling New York courtesy of Columbia TriStar By\ Susan Tuang Godzilla is huge. In a trailer which never
      722 words
    • Article, Illustration
      Lock icon Corretja and Moya make it an all-Spanish final
      843 22 I FRENCH OPEN Stamina-sapped Proline, defeated in straight sets, dashes French hope of a Grand Slam finalist AFP [PARIS] Alex Corretja broke the hearts of a partisan cen-tre-court crowd at Roland Garros yesterday when he defeated French "marathonman" Cedric Pioline in straight-sets
      AFP  -  843 words
    • Article, Illustration
      Flirting with disaster
      489 23 COMMENTARY Just what is the appeal of disaster movies? And what is their message, if any? WATCHING a disaster movie is a little like imagining your own funeral. You would not be able to witness your own funeral, of course, but in your mind's eye you can.
      489 words
    • Article, Illustration
      WHAT'S ON
      416 23  -  Compiled by M Yasotha festival or arts Guarneri String Quartet Founded in 1964, this group holds the record for the longest continuing collaboration of any quartet in the world. Programme includes works by Haydn, Beethoven, Bartok and Debussy. June 12-13, Bpm at Victoria Concert Hall. Tickets: $62, $42,
      416 words
    • EPICURE
      • Article, Illustration
        Durians for the discerning
        1199 24  -  Love it or loathe it there's no escaping that unmistakable smell once the thorny fruit's in season, jaime ee learns how to sniff out the best specimens JAIME EE ONE of the first myths about durians to be debunked is the one which says that to
        1,199 words
      • Article
        Lock icon Names in the trade
        306 24 Source: Internet and Four Seasons Edible Products HERE'S a non-comprehensive list of durians you can find in the marketplace. D 24 Oval in shape, average size, weighing between one and three kg. The skin is green to brownish and the thorns sharp and thin. The flesh
        Source: Internet and Four Seasons Edible Products  -  306 words
      • Article
        Definitely above average
        691 24  -  RESTAURANT Top of the M reaches new heights with its Mediterranean menu By Rahita Elias A SOFT light glows from the oil lamp on our table. Seated in a restaurant 173 metres above ground, we look out at the bird's eye view spread before us. It's breathtaking
        691 words
      • Article, Illustration
        Lock icon Making waves at Holland Village
        543 24  -  RESTAURANT An Petit Saint is the younger, more relaxed sister of the TaqjongPagar restaurant, bnt it's jnst as classy By l Corinne Kerk TUCKED in a quiet corner of Chip Bee Gardens is a new French restaurant done in light cream tones, where fresh-faced waitresses
        PHOTOS BY SIEW YAW HOONG  -  543 words
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      CINEMA
      789 25 Anastaala. Animated feature about a girl who may just be the last of the Romanovs. Lido, Republic, Changi, Choa Chu Kang, Jurong, Hougang, Century, Eastpoint, Central, Beach Rd, Bugis, Empress, White sands, Jubilee, Toa Payoh, Queenstown, Princess, Clementi, Orchard, Yishun, Bishan, Tiong Bahru, Boon Lay, Tampines, GV Marina. Barney'*
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      121 25 Cathay Org Cathay 338-3400 Ezststwe 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 JuHiee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Ooldan Village Bedok 443-2405 Bishan 353-8885 Boon Lay 792-2788 Broadway 454-9394 Majestic 533-9032 Marina 337-9488 Pavilion 786-5788 Tampines 8 786-5788 Tiong Bahru 274-6588
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        A quick taste of Chianti
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      98 19 Travel A quick taste of Chianti EL 8 I mBW Commentary: Acts of national self-congratulation, EL 2 iLeiii,*.. ■•->- Av- vr 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.
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      209 23 wruyiKU uy iwi I USUI flu I Where to wine, dine and entertain... <>» aa We've Stretched Our Serving Hours for "TUN C H Cafe PlclZtl "Tunch H fs the best for lunch and high tea rolled into one. Which means longer serving hours and even more scrumptious spreads. Saturday.
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      81 23 < V^^S^E 'I pi Hjtl 11 Bkt--2WI On li.iril Ro.kl «»VOi\. u lkvn» Sin K I ,H,n J>»NSS lopp M.ui'Lirin Houli Rr.iiKh: B I W Fasl o.im Kii.kl. «V)HiJ. ttVI'HS email: kmonpl «n»l*»\-».sin>{mi.«.oni.s){. ~<)0-M Introducing a new set lunch menu featuring mouth-zi'aterirnj dishes such as Lamb Masala. 'Mainanese ('hidden '.Kjee,
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      43 23 I n&cv fn&na J II PAp L I I PING'S I PASSIONATELY ITALIAN II TASTHFOIIY CHINESE P_ =Jj ;h out to 1 ),000 iders! Advertise in Wine, Dine and Entertain Call Renee Loh at 740 1518 or Shirley Lee at 740 2290 today!
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      75 23 -Super Value Set Meal j Soup of the Day tK Salad Prawn in Tora Nest I Braised Mushrooms with Seasonal Vegetables Fried Coffee Pork Ribs Fned Rice with Pineappk flj{£sB.Bo++ per person '-f (mnimum #ww pnom) FC* RESERVATIONS CAU: 775 3209 bom Men b Swi anp ftiitc Hatdoyi, Set aid
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      84 23 |A RELISH PINE COURT CHINESE RESTAURANT'S BEIIING DUCK FOR ONLY $25+++ Reservations: 831 6262/6-5 *jjjL CHINESE MS Orchard Boad Singapore 53M67 RBTAURAVT Tel 757 4411 12 Feb to 30 June Enjoy a Buffet meal in our Phoenix Garden Cafe and you could be our next lucky winner for a free
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  • Page 25 Miscellaneous
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      2215 25 TODAY'S TV RECOMMENDED VIEWING Premiere 12 I tS 9.00 AM Basketball: NBA P.QQ bunflay s Schedules. siZpyHMo^ gendo/ nistpv IrienaS Crazy 1.00 PM swimming World J™ PMDavid.theGnome. Pearl 8 30mn Ch 5 Cup 98 Imperia. 2JO Littlest Pet Shop. ThA Arivontiiroe f\€ t+» r>K 2,00 Basketball: NBA Jam 3-00 My
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