The Business Times, 13 June 1998

Microfilm: NL21196
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA(P) ll<yi2/"97 N*sc SINGAPORE Internet http://www.asial.com.sg/biztimes WEEKEND EDITION, JUNE 13-14, 1998
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  • Article
    MARKET SUMMARY
    53 1 E3 MMjW (+4.68) □SSU >. niroov DnMI(-&K) nsrooHP MOMS (-0.92) nwia-g—■ Friday Change KLSEOOW ***** -10.(3 NIOH IkJBZB v&» HANGSENO 7J1S.U »17 SET INDEX 27*17 AM JAJMBAGOMP_4«17 117 MANILA COfiP dtaei TAffH WP1 7J17JJ «S SEOUL OOMP M.M Hll C15ACMWAB __MU8_-7* AUST ALLOW) 117 L 7 *11 LUpaEDT
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  • Article
    FINANCE
    63 1 mum USS SI USS 1.744 £(USS/SS per 1629 184* DM. IMJ UK w. Mil utr 4J» »43» KS 7.7» UK pr s an tM» fewiAH nm «§ir •stuiWMih SINGAPORE* 7M KUALA LUMPTJR 11 J* JAKARTA mat BANGKOK 14.75 MANILA AS* HONGKONG IRS TAIPEI KM SYDNEY _K« TOKYO ±m SEOUL
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  • Article, Illustration
    Lock icon Japan's woes mount as GDP shrinks 1.3% in first quarter
    969 1  -  Figure larger than expected; had news poshes yen down further te ***** From* Anthony Rowley m Tokyo JAPAN'S economy contracted by 13 per cent in the first quarter, a bigger slump than most projections had suggested and underlining the increasing
    Source: Dow Jones; Source: Bloomberg; REUTER  -  969 words
  • Article, Illustration
    Lock icon S'pore dollar sinks further as yen extends losses
    393 1  -  By Larry Wee [SINGAPORE] Any hope of a better tone for the Singapore dollar was dashed yesterday by another round of yen weakness which brought the Japanese unit to its lowest level in almost eight years. The Sing dollar sank to 1.7550
    Source: Dow Jones; Compiled by BT  -  393 words
  • Article, Illustration
    Lock icon Korean stocks nosedive 8.6% to 11-year low on yen fears
    418 1  -  From« Jennifer Veale in Seoul SOUTH Korea's long-suffer-ing stock market nosedived to a 11-year low on fears over the tumbling yen and deteriorating regional economies. In the biggest single-day plunge on record, the market's main index sank 8.6 per cent
    Source: Bloomberg  -  418 words
  • Article
    F&N suffers 69% drop in interim profit to $26m
    587 1  -  Forex, China losses, lack of development profits to blame By] Louis Beckerling [SINGAPORE] Currency upheavals, sharp losses in Chi-* na and the absence of property development profits took the fizz out of Fraser Neave's first-half profits, which tumbled $60 million to
    587 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      128 1 Hie unit trust industry gets another boost as MAS unveils new guidelines for fands not covered by the CPF Investment Scheme, P|3 IMnim Creative Technology's stock plunges 22:6% after chairman Sim Wong Hoo warned that the company's Q4 revenues and margins wouki fidl below analysts' forecasts, PgB Cerehos Pacific's halftime
      128 words
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      Page 1 Advertisements Column 2
      76 1 A MURK W'.S LEGENDARY STEAKI IOUSE (.V s K!' i \'I•;|) S!A IAII'KK. Ml >11 If Of CHICAGO THE LEGEND THESTEAKHOUSE K\( 11 si\i n l si) Primi- \<.i d mil •Irish Fish &si \m><>n PRIVAI'K > \RI)R()(>M Dl\l\(. 1\( 1 I'll< \1 Wl\i s I)l\M RSIR\ 1 I> Nk.hti.v
      76 words
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      Page 1 Advertisements Column 3
      16 1 Oentrepotnt Pitiywtie* posts dismal interim, Pg 8 Cerebos interim dives 87% to $6.2 m, Pg 8
      16 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      MAS unveils guidelines for non-CPF unit trusts
      620 2  -  Rulings on miniftinm investment scrapped; fond managers welcome decision Reports by: Shiv Taneja IN A further liberalisation of rules for the unit trust industry, the minimum initial investment for regular savings plans (RSPs) has been done away with. Also scrapped are the minimum
      620 words
    • Article
      New handbook of guidelines for fund managers
      359 2 FUND managers who have long complained that the rules for their industry are opaque and often unwritten now have a 39-page handbook to refer to. Called Unit Trusts in Singapore, and compiled by the Registry of Companies Businesses (RCB) and the Monetary Authority
      359 words
    • Article
      UK law firm Lovell White Durant sets up S'pore practice
      349 2  -  By^ Conrad Raj ONE of Britain's largest law firms, Lovell White Durant, has set up practice in Singapore with three partners to provide a comprehensive range of services. Lovell White Durant is Britain's fifth-largest law practice with over 1,500 staff,
      349 words
    • Article, Illustration
      David Lim named Minister of State for Defence
      244 2 DAVID Lim, until recently the chief executive officer of the China-Singapore Su'zhou Industrial Park Development Company, will become Minister of State (Defence) with effect from Monday, the Prime Minister's Office said in a statement yesterday. Two others, who along with Mr Lim
      244 words
    • Article, Illustration
      Rail transit network in Marina downtown to cost $1.75b: Mah
      350 2  -  Work for 13 km line will start in 2000 and end by 2004 By< Christopher Tan THE government will build a 51.75 billion "medium load" rail transit network in the new Marina downtown. Communications Minister Mah Bow Tan said yesterday
      350 words
    • Article, Illustration
      Lock icon Three foreign firms eye Micropolis plant
      392 2  -  Sale of the facility expected to be secured by end Jnne By David Boey THREE foreign-owned companies are interested in securing the former premises of disk drive maker Micropolis Corp, the liquidated subsidiary of Singapore Technologies. Chan Ket Teck, a partner with Coopers Lybrand,
      FILE PHOTO  -  392 words
    • Article
      Retrenchment will be last resort, say Tat Lee and Keppel
      375 2  -  Staff will be redeployed after merger, they say By I Siow Li Sen RESPONDING to persistent rumours that they are laying off staff, Tat Lee Bank and Keppel Bank yesterday said the rationalisation that will take place after their merger
      375 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      173 2 REFCO (SINGAPORE) PTE LTD A clearing member of SIMEX offering client services In global futures and foreign exchange seeks: Futures Securities industry MAkKFT registered representatives, SIMEX Locals, and investment t DDftEECCIAkIAI professionals with good market llvrCJJIvnMLj experience and a prospective client base seeking career change or independence as Account Executives
      173 words
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      Page 2 Advertisements Column 2
      16 2 Impress jfiur Mends with an interesting /&P\ snippet. RiW Cats' Mews it SaaJif Classified this nikiii.
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      195 2 THE WEATHER Singapore; Slightly hazy. Showers with thunder in the early evening mainly over Northeastern Singapore. Temperature(32/25C) AsJa-Padfle WHP Good. JennaJem 14*9 rtoudy Storkhnta 8/18 ftowly Auckland 12/16 ram Jfcwt 22*6 rtoudy \nu .7/15 *owm Bangkok 25*4 stanwn Zunrh 12/11 rtoody Bedtatf 19/25 showers Europe U/Hl* Cood. Bombay 28*4 showers
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        489 3 Keppel Fell ♦(Hold) Indosuez WlCarr, June 11, $4.42 Keppel Fels has been one of the stalwart performers in what is a miserable market, and rightly so given its leverage to the recovering rig-building cycle and its US$ revenues. The contracts keep coming in. However, we continue to
        489 words
      • Article, Illustration
        In My Opinion
        470 3  -  Lim Heong Chye iUnlftp Portfolio Mawpiy ABN Amro Asset Management t H Jk LONGER term inl\ vestment in a wellil diversified portfolio of Asian bonds currently looks attractive from a riskreturn perspective in comparison with a portfolio of global bonds or US Treasury bonds. Like with other
        470 words
    • Article
      The attraction of index funds
      701 3  -  Chances are, they might do better than an actively-managed fund, and at much lower cost By! Shiv Taneja [SINGAPORE] Billions of dollars have been poured into index funds in the US over the past few years, while in Britain, index funds or index trackers, as
      701 words
    • Article, Illustration
      Lock icon Why Amex's blue card could interest some
      730 3  -  New credit card's big draw is its interest rate pricing By! Shiv Taneja HEAVEN knows, the last thing we need in these tough times is another credit card, but for people who believe in spending their way out of a bad patch, there
      ARTHUR LEE  -  730 words
    • Article
      Panic selldowns reign; time to go bottom fishing
      448 3  -  EYE OH THE REGION: PHXXJPPDIES From Al Labita in Manila FOR many, trading of Philippine shares is a game for the quick and nimble. Stock price movements are wildly volatile, volume is razor thin and foreign funds tend to play more on
      448 words
    • Article
      Unit trust performance ranking
      1503 3 Next publication date: July 13,1998 UMk latt Satta Oatta lyr Ijn tin BmI wmm «w|» WSM 2*83 SffS ■aa««g aa at May M, MM Nicholas- Applegale S"pore Or. 2& 07 68 -8.15 6 -1785 8 -13.19 2 -36.42 2 -1622 1 1128 1 OCBC Savers Capital
      1,503 words
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  • MARKETS IN TURMOIL
    • Article
      Lock icon We can't be market of last resort, warns US official
      416 4 Reuters [TOKYO] A senior US trade official warned yesterday the US could not be the "market of last resort" for troubled Asian economies and called on Japan to rekindle growth and open its economy to rescue the region. "The world
      Reuters  -  416 words
    • Article
      Lock icon US exports to Asia down by US$30b since crisis began
      482 4 White House warns rising trade deficit could start protectionist tide Reuters [WASHINGTON] The White House said yesterday that US exports to Asia's struggling economies had already plummeted by up to US$3O billion (Sss2 billion) and could fall much further, fuelling
      Reuters  -  482 words
    • Article, Illustration
      Lock icon Big ideas on the wing
      61 4 [HONGKONG] The slump in retail spending and regional economic crisis notwithstanding, Hongkong companies and advertisers are still pushing ahead with big ideas in their drive for new business. These workers were yesterday putting the finishing touches to a massive new electronic billboard in the Central
      REUTERS  -  61 words
    • Article
      Taipei tries defending NT$ and stocks
      454 4  -  Analysts question costly bids to shore up both in parallel From Laurence Eyton in Taipei INTERVENTION by Taiwan government institutions has brought the sliding Taiwan dollar under control but analysts are questioning the attempts by the government to prop up both the country's currency
      454 words
    • Article
      Lock icon HK$ peg will go in '98, yuan will be hit: broker
      241 4 Reuters [HONGKONG] The 15-year-old Hongkong dollar peg will not survive 1998 and the expected removal of the system will affect China's currency, Santander Investment Securities said yesterday. "There is simply not the tolerance for pain in the longspoilt territory
      Reuters  -  241 words
    • Article
      Lock icon Dr M: KL's done a lot but funds not convinced
      287 4 AFP [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad said yesterday that the government was doing its best to make foreign funds return but fund managers were still not convinced. "We've done a 10t... we've sent various signals but they don't
      AFP  -  287 words
    • Article, Illustration
      Lock icon Rupee, stocks gain some respite from govt moves
      453 4  -  Foreign institutions allowed to buy US$ in forward market By. Rajendra Bajpai in New Delhi MEASURES announced on Thursday by the Indian central bank and stock market regulators to arrest the fall of both the currency and stocks helped bring some respite
      Source: Bloomberg  -  453 words
    • Article
      Lock icon Zhu sees early recovery for Hongkong economy
      226 4 AFP [BEIJING] Chinese Premier Zhu Rongji has predicted Hongkong's economy will rebound soon from the effects of the Asian financial crisis, the Chinese press reported yesterday. He told the visiting chairman of the Hongkong General Chamber of Commerce, Peter Sutch, that the Hongkong
      AFP  -  226 words
  • Page 4 Advertisements
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      274 4 CRYPTIC CROSSWORD across 7 Outstanding British citizen about all in maybe (9) I 1 I I I I I I J L_L_J__: 8 The way a person acquires a |Hl Ijfl| Hb Hb fIH 10 Show enthusiasm for gin? 110I 10 I I [I* I Nonsense! (8) |bb hHl~lHr~lli 11
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  • THE REGION
    • Article
      Habibie's polls timetable rejected by two critics
      494 5  -  Emil S&lim, Islamic scholar Nurcholis Madjid want elections before Dec From Shoeb Kagda in Jakarta TWO of Indonesia's most outspoken government critics yesterday rejected President Habibie's timetable for the election of a new government, adding to the mounting pressure on the president to
      494 words
    • Article
      Lock icon Japanese corporate bankruptcies up 37% last month
      318 5 TOKYO Bloomberg JAPANESE corporate bankruptcies rose in May for the 17th straight month as consumers, companies and the government cut spending. Bankruptcies in May rose 36.6 per cent from the same month a year earlier to 1,819 cases, Tokyo Shoko Research said. That
      Bloomberg  -  318 words
    • Article, Illustration
      Lock icon Costly staple
      63 5 [PHNOM PENH] A Cambodian woman cleaning rice as the imported Thai grain is unloaded at a wholesale outlet in Phnom Penh yesterday. Cambodia needs to import at least 50,000 tonnes of rice to counter its own crop shortfalls and record prices. Officials have blamed poor harvests and smuggling
      REUTERS  -  63 words
    • Article
      Lock icon US, Japan disagree in insurance talks
      490 5 TOKYO Tokyo has not kept promise to open np 40t yen industry: US Bloomberg JAPAN hasn't kept a promise to open up its 40 trillion yen (*****.8 million) insurance industry by July 1, said US officials after four days of talks with counterparts in
      Bloomberg  -  490 words
    • Article, Illustration
      Insider trading: Finance One directors, shareholders charged
      393 5  -  Thailand's SEC also probing Union Asia Finance share deals From Harish Mehta in Bangkok THAILAND'S stockmarket watchdog has charged several directors and shareholders of shuttered finance firm Finance One with insider trading, and some of the suspects have confessed to the crime. At
      393 words
    • Article
      Lock icon HK jobless figure set to rise above 4%, say economists
      317 5 HONGKONG Reuters HONGKONG'S unemployment figure, at a 14-year high, is set to rise further when official data is released next week, unionists and economists said yesterday. The government will announce the jobless figure for the three-month March to May period
      Reuters  -  317 words
    • Article
      Lock icon Hashimoto survives no-confidence motion
      250 5 TOKYO Reuters EMBATTLED Japanese Prime Minister Ryutaro Hashimoto yesterday easily survived a no-confidence motion launched against him by opposition parties over his handling of the country's ailing economy. The 500-seat Lower House of parliament defeated the motion by a vote of 273 to 207, with 20
      Reuters  -  250 words
    • Article
      Lock icon Aussie PM rejects blame for Hanson's rise
      116 5 BRISBANE AFP AUSTRALIAN Prime Minister John Howard yesterday refused to take the blame for the incredible rise of antiAsia MP Pauline Hanson as she prepared to grab a handful of seats in a state poll. Mr Howard has been harshly criticised for failing
      AFP  -  116 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      69 5 4 v --***WM Wk t I v I ALFRED DUNHILL .A A M LONDON 'fj wj:^' H .1 Hp MF~ S W ■r I 1 1 I Ills rjjp*' K I II v I hI I <1 v <,/j* NOW Is THE BEST TIME TO INVEST IN ALFRED DUNHILL STOCK
      69 words
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  • THE WORLD
    • Article
      G-8 to block new int'l loans to India, Pakistan
      438 6  -  LONDON Sanctions expected to cause their currencies, stocks to slide on Monday From'. Neil Behrman INDIAN and Pakistani currencies and stockmarkets are expected to slide on Monday following financial sanctions by the Group of Eight (G-8) nations here yesterday. New international
      438 words
    • Article
      Lock icon India-Pakistan talks doubtful
      328 6 NEWDELHI Reuters INDIA yesterday invited arch-foe Pakistan's top diplomat for talks in New Delhi on June 22, but Islamabad called it a "gimmick", and put forth a counter offer that threw doubts on a possible dialogue. One day after Pakistan announced what it called a unilateral moratorium
      Reuters  -  328 words
    • Article
      Lock icon US energy costs push wholesale prices up 0.2%
      324 6 WASHINGTON Reuters US WHOLESALE prices rose moderately in May as energy costs showed their first increase in eight months, the Labour Department said yesterday. The Producer Price Index rose 0.2 per cent after an identical increase in April. That was slightly above
      Reuters  -  324 words
    • Article, Illustration
      Lewinsky stars again on the frontpages in Scandaltown
      876 6  -  LBTTHR FROM WASHINGTON There's another Clinton scandal in the offlng If this one fails By Leon Hadar JUST when you thought it was safe to spend a quiet evening in your favourite Washington restaurant without running into Monica Lewinsky and the many
      876 words
    • Article, Illustration
      Lock icon Armed in Samurai Art
      36 6 [LONDON] Seiji Inami, a junior specialist in Samurai Art at Christie's, posing on Thursday with a selection of armour suits which will befeatured in a sale of Samurai Art on Monday. AFP
      AFP  -  36 words
    • Article
      Lock icon Austerity budget for sanctions hit Pakistan
      200 6 ISLAMABAD Reuters PAKISTAN'S Finance Minister Sartaj Aziz yesterday presented what he called a budget of self-reliance to counter the effects of sanctions imposed for its nuclear tests. "In the wake of sanctions, the first priority for us is the preservation of foreign exchange reserves.
      Reuters  -  200 words
    • Article
      Lock icon More UK state asset sales to come
      186 6 LONDON Reuters BRITAIN'S Labour government on Thursday heralded a selloff of state assets, ranging from air traffic control to betting on horse racing, to fund investment in schools, hospitals and transport. Chancellor of the Exchequer Gordon Brown avoided the word 'privatisation', closely associated
      Reuters  -  186 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      582 6 PROGEN HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held on Monday, 29 June 1998 at 10.00 a.m. at 12 Woodlands Loop, Singapore *****3 for the following purposes: AS ORDINARY BUSINESS
      582 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      94 6 DOONESBURY By Garry Trudeau PO YOU THINK THEY'LL- H IPOU6T/T PSf YOU KNOW THE MAKE OTHER 6/RL- 1 THERLMtUfi6 W/ I THAVSUW W Jzh4-^} [W SAPt&erihlNG ABOUT FR&NPL.Y, ROMANTIC <tOO MILLION AREYOU 1 THEY GOUUXiT I WZRBUPGET. KIPPING ML AFf(^A YOU KNQtU tUHAT I HATBP POEGN7MST^ ABOUT THE OSCARS? THAT
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  • WORLD CUP '98
    • Article
      Lock icon Rieper header gives Danes a 1-0 win
      293 7 Reuters [LENS, France] Defender Marc Rieper rose high to head home in the 68th minute and earn Denmark a 1-0 victory over Saudi Arabia in a group C match yesterday. Rieper met a right wing cross perfectly, planting a firm header past Saudi
      Reuters  -  293 words
    • Article, Illustration
      Lock icon Bulgaria-Paraguay thriller ends goalless
      555 7 Bulgarians hold the first half but the Latin Americans come back strongly in the second Reuters PARAGUAY and Bulgaria produced the first goalless draw of the 1998 World Cup finals but maintained the tournament's run of thrilling attacking encounters. Bulgaria had the best of the first
      Reuters; AFP  -  555 words
    • Article, Illustration
      Clash of the dark horses
      321 7  -  Compiled by Shahiron Sahari World Cup viewing guide Tho on# to watch Spain vs Nigeria (Grp D, Bpm). Argentina vs Japan (Grp H, Bpm, Sunday) Two blockbusters, and at decent times too. The first is a clash of the last two Olympic Games champions which
      321 words
    • Article, Illustration
      Lock icon Who does Glen Hoddle think he is?
      688 7  -  Power has gone to his head; he thinks he's Alf Ramsey By i Chris Matyszczyk The writer is a creative director based in Warsaw WHEN Paul Gascoigne was made to shed his trademark tears in Spain and England two weeks ago, one question
      FILE PHOTO  -  688 words
    • Article, Illustration
      Lock icon No nepotism, just good sense
      576 7 Paolo Maldini is Italy's best defender, not Daddy's boy IHT [NIMES, France] It's in the blood. In Bordeaux, a father and son stand back to back, each being interviewed by television networks from different lands. Paolo Maldini, arguably the most famous face in Italy right
      IHT  -  576 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      684 7 A Asia Matrix Limited Nonc« or annum qinihai Munm NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at The Boardroom, 350 Orchard Road #08-00 Shaw House, Singapore *****8 on 29 June 1998 at 2.30 p.m. for the following purposes: .*v. AS ORDINARY BUSINESS
      684 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Creative plunges 22.6% after profit warning
      661 8  -  Shares hit 13-month low, wiping $500 m off market value in a single day By. Annette Pau (SINGAPORE] Creative Technology was savaged in the stock market yesterday after chairman and chief executive Sim Wong Hoo warned that the multimedia group's Q4 revenues and margins
      Source: Bloomberg  -  661 words
    • Article, Illustration
      Cerebos interim dives 87% to $6.2m
      543 8  -  By' Ven Sreenivasan [SINGAPORE] Food manufacturer Cerebos Pacific's interim earnings plummetted 87 per cent to $6.2 million from $47 million as the slide in regional currencies and a misjudgement of the Chinese market pummelled sales and profits. The results were a major disappointment to
      543 words
    • Article
      Centrepoint Props posts dismal interim profits
      329 8  -  Butitgetsss3m more compensation for Woodlands site By] Diana Oon (SINGAPORE] Centrepoint Properties Ltd (CPL) yesterday reported vastly poorer interim results but said bottomline earnings for the full year would be lilted by $53.1 million in additional compensation for its industrial land in Woodlands. For
      329 words
    • Article
      OUE rights: 54% of entitlements taken up
      212 8  -  By 1 Teh Hooi Ling [SINGAPORE] The rights issue of Overseas Union Bank's property and hotel arm, Overseas Union Enterprise (OUE), closed on June 8 with shareholders taking up only half of their rights entitlements. OUE said in a statement yesterday that it
      212 words
    • Article
      SIA needs to come to a decision about dual tranches
      679 8  -  HOCK LOCK SIEW Conrad Raj IT HAS been almost a year since the subject of merging the Local and Foreign tranches of Singapore Airlines shares was raised. In January, SIA told the media that its decision would be made known
      679 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Woolworth name fades out of US scene
        208 9 AFP [NEW YORK] Woolworth, one of the most venerable names in the US retail trade, passed into history yesterday, replaced by Venator in a move that culminates its transition from low-priced general merchandise to sporting goods. The change to Venator Group Incorporated was
        AFP  -  208 words
      • Article
        Lock icon TCI in US$2b deal to buy TV Guide
        120 9 Bloomberg {TULSA, Oklahoma] TeleCommunications Inc (TCI) and News Corp, owner of TV Guide magazine, are teaming up to provide television viewers with the most extensive listings for programmes on broadcast, cable and satellite systems. United Video Satellite Group Inc, which is controlled
        Bloomberg  -  120 words
      • Article
        Lock icon Keppel Fels plans to step up expansion into energy
        480 9 At the top of its target list is the 1,200 MWTnas power plant Bloomberg [SINGAPORE] Keppel Fels Ltd, a builder of offshore rigs, is planning to aggressively step,up its expansion into the energy sector, said Choo Chiau Beng, the company's chairman.
        Bloomberg  -  480 words
      • Article
        Lock icon Perdana reveals RM176m loan default
        258 9 Reuters [KUALA LUMPUR] The Kuala Lumpur Stock Exchange shocked analysts yesterday when it wrongly identified Pengkalen Holdings as having defaulted on payments totalling 175.62 million Malaysian ringgit (5576.3 million). In a quick correction issued last night, the exchange said it was Perdana Industri Holdings Bhd
        Reuters  -  258 words
      • Article, Illustration
        Lock icon Still growing despite the downturn
        48 9 [HONGKONG] A saleswoman (seated) of Sincere Company Ltd serving a customer yesterday at the opening of the company's sixth store in the territory. The store, one of Hongkong's oldest department store chains, is expanding despite the ongoing economic downturn in the region. AFP
        AFP  -  48 words
      • Article
        Lock icon Volkswagen's Audi unit to buy Lamborghini
        398 9 Bloomberg [INGOLSTADT, Germany] Volkswagen AG's Audi AG unit has agreed to buy Italian sports car maker Lamborghini SpA, which is owned by Hutomo "Tommy" Mandala Putra and Mycom Bhd of Malaysia. Analysts estimated the price at about US$lll million (*****.5 million). Companies controlled by
        Bloomberg  -  398 words
      • Article
        Informatics, EDB arm buy UK training firm for £5m
        342 9  -  By( Carol Eng INFORMATICS Holdings, jointly with EDB Investments (EDBI), has acquired one of UK's largest computer training companies for £5.06 million (5514.4 million). The purchase of Computer Training and Education Centre (CTEC) was made through Informatics Investments Limited (IIL), which
        342 words
      • Article
        Lock icon Digital buy: Compaq to take US$5.4b charges
        212 9 Bloomberg [NEW YORK] Compaq Computer Corp said on Thursday it plans to take US$5.4 billion (559.4 billion) in charges for its acquisition of Digital Equipment Corp, plus an unspecified charge for a restructuring that includes 2,000 Compaq job cuts, analysts said. The charges
        Bloomberg  -  212 words
      • COMPANY Briefs
        • Article
          Pan Pacific posts net profit of $1.8m
          87 9 [SINGAPORE] Publishing and media group Pan Pacific Public Company yesterday reported net earnings of $1.76 million for the year ended March 31,1998, against a loss of $1.34 million in the previous year, despite lower sales. Turnover amounted to $30.4 million, down from $41.4
          87 words
        • Article
          Chevalier net slips 13% to $3.6m
          78 9 [SINGAPORE] Chevalier Singapore Holdings yesterday reported a 13.2 per cent decline in full year net earnings to $3.57 million. Turnover fell 11 per cent to $73.6 million. Net tangible asset backing per share was down 8.8 per cent to 62 cents due mainly to
          78 words
        • Article
          GK Goh's HK unit ups capital
          56 9 [SINGAPORE] GK Goh Holdings' wholly-owned subsidiary, GK Goh Securities (HK), has doubled its authorised capital to HK$BO million (SslB million). The subsidiary also increased its paid-up capital from HK$4O million to HK$65 million by the allotment of 2.5 million ordinary shares of HK$lO each,
          56 words
        • Article
          Hong Leong Asia opens $5m plant
          51 9 [SINGAPORE] Hong Leong Asia Ltd yesterday officially opened its $5 million pre-cast concrete plant in Tampines, which will boost its annual production capacity here to 220,000 tonnes. The Tampines plant, with an annual production capacity 0f70,000 tonnes, is Hong Leong Asia's third plant in
          51 words
        • Article
          Michael Yeo,Heng Chiang Meng quit YHS
          43 9 [SINGAPORE] Yeo Hiap Seng yesterday announced that Michael Yeo Chee Wee and Heng Chiang Meng resigned as directors with effect from Thursday. Two new directors, Simon Israel and Nicolas Moulin, have been appointed with effect from yesterday.
          43 words
        • Article
          Lock icon Thai water producer may be delisted
          79 9 Bloomberg (BANGKOK] North Star, a Thai producer of drinking water, may be de-listed from the Stock Exchange of Thailand because of its failure to submit financial statements to the exchange since last year, the authority said. North Star posted a loss of 3.6 million
          Bloomberg  -  79 words
      • Article
        Lock icon Sing Tao halves HK Standards price on Fridays
        272 9 Bloomberg [HONGKONG] Sing Tao Holdings has halved the price of the Friday edition of its En-glish-language Hongkong Standard newspaper to HK$3 (550.67). The marginally profitable Standard, the smaller of two local English-language papers with a circulation of about 40,000, publishes an extended
        Bloomberg  -  272 words
      • Article
        Lock icon Samsung to cut chip output
        90 9 Bloomberg [SEOUL] Samsung Electronics Co, the world's largest memory chip manufacturer, said yesterday its Korean plants wiU probably shut down production for one week each month untU August. The 25 per cent cut in production is aimed at boosting the price of the company's mainstay
        Bloomberg  -  90 words
      • Article
        Lock icon Barito posts 39b rupiah loss on forex charges
        175 9 Bloomberg [JAKARTA] PT Barito Pacific Timber, the largest plywood maker in Asia, fell to a loss in 1997 as sales stagnated and foreign exchange charges linked to *the collapse of the rupiah rose. Barito's loss was 39 billion rupiah (554.9 million), or
        Bloomberg  -  175 words
      • Article
        Lock icon Affin sees Q2 earnings at Q1 levels
        178 9 AFXAsia [KUALA LUMPUR] Affin Holdings Bhd expects to maintain its second-quarter earnings at the level seen in the first, but could see a slight reduction at the pre-tax level after increasing provisions, director Aman Ahmad said yesterday. "One can expect an in- crease
        AFX- Asia  -  178 words
      • Article
        Lock icon Krung Thai Bank's NPL ratio at 25%, says finance ministry source
        169 9 AFX-Asia [BANGKOK] Krung Thai Bank Pic's non-performing loans currently stand at 25-26 per cent of total loans, said a high-ranking finance ministry source yesterday. The source said Krung Thai Bank's recapitalisation of 70 billion baht (SS2.B bil- lion) is
        AFX-Asia  -  169 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon US banks earn record US$15.9b in first quarter
        361 10 USsl.4b rise in profits boosted by strong non-interest income: regulator Bloomberg [WASHINGTON] US commercial banks earned a record US$l5.9 billion (5527.6 billion) In the first quarter of 1998, largely on the strength of non-interest income, the Federal Deposit Insurance Corp (FDIC) reported.
        Bloomberg  -  361 words
      • Article, Illustration
        Lock icon US dollar reclaiming lost territories
        392 10 USS/marki The greenback staged an impressive rally this week, lifting off from Monday's low of 1.7737 to a high of 1.8108 by yesterday morning. The next upside target is seen at the 61.8 per cent retracement of the downmove from 1.8565 to 1.7533 at 1.8170,
        Source: DBS Bank  -  392 words
      • Article
        Lock icon Yield on 30-year US bond hits record low
        464 10 FT [LONDON] The yield on the benchmark US Treasury bond feU to its lowest recorded level on Thursday as fears about the problems of Asia prompted a "flight to safety" from equities into bonds. The switch led stock markets to faU sharply
        FT  -  464 words
      • Article
        Lock icon Chase files to sell up to US$3.6b of stock, debt securities
        323 10 Fonda raised to pay debt, buy back stock, expand bnsiness Bloomberg [WASHINGTON] Chase Manhattan has filed to sell as much as U553.55 bUlion (556.2 billion) of stock or debt securities under two separate registrations with the Securities and Exchange
        Bloomberg  -  323 words
      • Article
        Viet coffee trade near standstill
        232 10 (HANOIJ Vietnam's coffee market slowed to a near standstill this week as buyers turned to Indonesia for better offers, traders said yesterday. "Buyers have just come to Vietnam for spot contracts," one trader said. "Domestic prices here are higher than export prices so it's hard
        232 words
      • Article
        Futures dip as stocks, NT$ weaken
        167 10  -  MSCI TAIWAN FOTTJKBS Cecilia Loh Cecilia boh, service dealer, Refco Singapore [SINGAPORE] The Simex MSCI Taiwan Index futures edged down 1.60 points along with the stock index. The electronics sector paced the decline in the Weighted Price Index. Investors' confidence was further shaken by
        167 words
      • Article
        Lock icon Oil market delivers fresh blow to Opec
        266 10 ENERGY REPORT Reuters [LONDON] Opec oil producers yesterday could only watch in stunned disbelief as creaking crude markets dealt their vital export revenues another savage blow. Oil £11 to below US$l3 a barrel for bellwether Brent blend, its lowest price since the March
        Reuters  -  266 words
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        Lock icon CURRENCY REPORT
        284 10 AFP London THE yen stabilised against the dollar at the noon-hour yesterday on the London forex market, after having dropped again on statements by the US treasury secretary and with the Japanese economy officially in recession. The yen was trading at 144.33 to the dollar against 144.17 in
        AFP  -  284 words
      • Article, Illustration
        Untitled
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        1,215 words
    • Article
      COMMODITY PRICES
      1732 11 8I00M FUTUIBS jun 12 RU88CR (Mint dosing m «t 5.30pm) BS1C0NT«ACT<ScMtiA«> CIom Volume Open Marttt Lew S«tt (tones) Interest M 99 119.00 118.50 118.75 150 700 M* 98 120.00 785 Sep 98 121.25 915 Oct/Dec 98 125.00 125.00 125.00 300 4850 JWMw 99 130.00 1575 Apr/Jnn 99 134.75
      1,732 words
    • Article
      WORLD STOCK MARKETS
      2298 11 LONDON %'T: Jm 12 litMllMl Nnc» 31 Croup 665.000 A8 Ports 351.000 -6.000 Abboy National 1018.000 -47.500 AIM Domacq 593.000 -3.000 Aimc 218.OOO n.000 Asda Group 191.200 unch BAT Hid 567.000 -15.000 BG Pic 309.000 -3.400 BICC 150.000 -4.400 BOC Group 885.400 -23.600 BRPatrolaum 854.400 -21.000 BTR
      2,298 words
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      Lock icon TOKYO
      1600 11 Bloomberg Q Nikkei 225 +&2» JAPAN'S benchmark stock index was little changed after the yen tumbled to an eight-year low, as retailers fell on pessimism about prospects for economic recovery while exporters rose on expectations they stand to profit. "The yen is the most obvious international view of Japanese
      Bloomberg  -  1,600 words
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      Lock icon HONGKONG
      1535 12 Reuters H Hang Seng +29.37 STOCKS finished slightly firmer yesterday after three days of falls, but could test lower levels again next week, brokers said. The Hang Seng Index closed up 29.37 points at 7,915.44 after shrugging off 145-point early losses suffered after the Japanese yen hit a low
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      Lock icon CHINA
      602 12 Reuters PShanahenßladci -0.25 CHINA'S domestic A shares rose sharply as investors took heart in a cut in stock stamp duty, but B hard currency shares fell as the Asian financial crisis overwhelmed the move. China said after the markets closed on Thursday that it would cut the stamp duty
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  602 words
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      Lock icon TAIPEI
      344 12 AFP QWPbfax -H63 TAIWAN stocks slumped 1.3 per cent yesterday amid concern that the local currency could depreciate further after the yen's sharp fall, dealers said. The Weighted Price Index dropped 93.63 points to 7,117.11. "Investors retreated from trading floors on worries that the Taiwan dollar may fall again
      AFP  -  344 words
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      Lock icon JAKARTA
      734 12 AFP Q (k*nposite Inder-3J7 INDONESIAN shares'closed 0.8 per cent down yesterday with the political uncertainties in Indonesia sidelining foreign investors, dealers said. "The domestic situation is now focused on politics while foreign investors are thinking twice about entering Indonesia," a dealer with a local brokerage said. The Composite Index
      AFP  -  734 words
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      Lock icon SEOUL
      405 12 AFP P Composite Index -26J1 SOUTH Korean shares plunged 8.1 per cent yesterday in their largest ever oneday drop, as fallout from the collapse of the yen pushed the market to its lowest level in more than 11 years, dealers said. "The mood was fairly panicky," a Dongwon Securities
      AFP  -  405 words
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      Lock icon SYDNEY
      586 12 AFP flAflOrfaariei *13 SHARE prices gained 0.5 per cent yesterday as the market recorded its first improvement this month after buyers moved on bargain-priced stocks, brokers said. The All Ordinaries Index rose 13 points to 2,571.7. Turnover totalled 377.92 million shares worth A 51.24 billion. The All Industrials Index
      AFP  -  586 words
    • Article
      Lock icon WELLINGTON
      268 12 AFP n Wellington -ILIS THE New Zealand stock exchange closed yesterday 0.6 per cent down, paring losses after a strong rally in late trade. The NZSE-40 Index lost 11.15 points to 1,997.63 to end a week which saw the index fall 6.5 per cent to a three-year low after
      AFP  -  268 words
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      Lock icon BANGKOK
      776 12 AFP riSETlnfax -4J56 THAI share prices closed down 1.6 per cent yesterday amid fears over the worsening state of the Japanese economy and the weak yen, as well as domestic concerns, analysts said. They said the market shrugged off a brief rally in the morning session in banking, finance
      AFP  -  776 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8245 13 INDUSTRIALS Cmsmw prefects Lest Val Day Net Cap >6gb Lew Cswpeny Ml -000 High Leer P/I tmH 52 US k S mota 224 unch 2 22* 224 12.4 90.8 £2 M5 Sjw— 65 -3 6 65.5 «S U 953 ?22 22 *0® #oF »o <1 Ml 9 ISO unch I
        8,245 words
      • Article, Illustration
        Lock icon Market hit by Japan recession news
        392 13 AFP n Composite Index -10.63 MALAYSIA'S key stock index ended 2.2 per cent lower yesterday on concerns over Asian economies as data showed Japan had crashed into recession, dealers said. The Composite Index fell 10.63 points to end at 472.37, after touching a new
        AFP  -  392 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3371 14 Bonos, loans ft M« Last Vol Day Last Ouata High Law Stno Camp any 5«l» *«r- COOP) High Law Buyar taMar WW 23-5 9 m 3000 m AMOB c53%*****6 12 *5 20.5 7 3160 Acar ******1USS 8 *1 2 8 8 7 8 95 8.5 3164 Acma ******4 9 -1
        3,371 words
      • Article
        Linde-Jacob warrant: premium reasonable but patience needed
        138 14  -  WARRANT WATCH Louis Beckerling THE Lindeteves-Jacoberg warrants were among the top percentage gainers yesterday, adding three cents to 43 cents in strong volumes. That's well above the 52-week low for the warrants of 18 cents recorded in January and far short of the
        138 words
    • Article
      CLOB INTERNATIONAL
      2069 14 MALAYSIAN STOCKS Or Or 1998 Last Vol Day L«t Ouo« Dk Ml W M M Cap High Lwr Stne Owwny Sa4a COOP) Ugh Lw 8uyar »a—r fur W $m* 135 28 m ***** AISB 50c 49 -0.5 57 49.5 49 49 49 5 5.0 3.3 32 193 50J
      2,069 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6253 15 Of «r mm taat Val Day Lm« Owti Ok Mi VH IM Cap A»g J** u Cawpawy ttf *h COOP) High U» Buyar Wm Cw >/I jmt Plica 43 16.5 1020 ACE 0ynamks60c... 17.3 id uncti 39 173 16.5 17.3 18 3 0.1 16.5
      6,253 words
    • Article
      SESDAQ
      1097 15 9r *r M «n l*9t Val Day LaatOnat* Mr M VH M C«# Av* La» mrn Um$my Hit fOOOt f —yar 9a*ar Cw W WMw 04 7M 9 2000 AMM*»Sc 92 90 90 44.9 M 243 7* 2049 ASAutalOc 92 -15 no 94 T9 81.5 94 *.ON U 19
      1,097 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        207 16 Stacks Vatome DBS Land 12.532.000 *M«gnum Corp50c 8,793.000 UOB Foreign 5.896,000 STEngglOc 5,797.000 TAC BtlO 200 5.631.000 Eisytmt HKTOc 5.056,000 KeppeiCorp 4,951,000 SingTel 15c 4,842,000 OUB Foreign 3,916,000 GoMtroo 20c 3,728,000 Stwta UOB Foreign 34,293,475 DBS Fofngn 30,310,659 DBS Land 18,729,801 OCBC Foreign 17,491,983 Creative T 25c 17,475,870 OUB Foreign
        207 words
      • Article, Illustration
        HOT STOCK
        75 16  -  -by Shiv Taneja GOLDTRON closed one cent higher yesterday at 13.5 cents on volume of 173 million shares traded, compared with its 10-day traded average of 963,900 shares In the near term, there could be more upside for the counter, according to the daily and weekly RSI and
        75 words
      • Article, Illustration
        STII edges up but broader market still nervous
        606 16  -  STOCK MASKBT COMMENTARY Slight rise helped by short-covering SPH shines among gainers hut electronics stocks tumble, led by Creative By Ven Sreenivasan SINGAPORE'S benchmark stock market index edged up yesterday on shortcovering by hedge funds but the broader market remained weighed down
        606 words
      • ON THE GRAPEVINE
        • Article
          Fresen Pend market theory
          147 16 NOT many people may agree with the boom and bust theories of Marc Faber, better known as Dr Doom. But the eccentric fUnd manager who specialises*! the economic history of the world has always been a great speaker and never fails to leave his captivated audienoe
          147 words
        • Article
          Great cities and Clinton
          107 16 STILL on Dr Doom. Mr Faber was elaborating on the rise and fall of great cities and financial centres and came up with this unusual prediction, "hfetare there will cMily be two great cities in Europe. I /nylon as and Moscow for its nightlife." Mr Faher
          107 words
        • Article
          Price moving?
          64 16 TEMPLETON, which has been featuring prominent fUnd managers in its advertising hlitz for its fands, might hare to find fresh faces soon. According to a recent Forbes article, Michael Price, the high profile fund manager who is to manage Templeton's US Mutual Beacon »W. Fund, is planning to
          64 words
        • Article
          Unseasual sales
          80 16 IN the past few years, there has been an increasing tendency for some shops and M' department stores to use the four seasons to promote their sales in Singapore. For example, we have shops and stores advertising Spring sales, Autumn bargains and Winter selections to promote their goods.
          80 words
        • Article
          Soccer comes first
          98 16 ONLY an avid football fen would understand the importance of jk Wednesday's World Cup kick-off in Jf France. Accordingly, Hongkong chief T executive Tung Cbee Hwa—a Liverpool jfootball club supporter—scrapped plans f for a speech on the economy at a dinner he hosted for the new legislative
          98 words
        • Article
          Lunch is cancelled
          104 16 A LOCAL company invited some journalists to hmcfa and generously urged f them to invite "any other reporters" who i might be Interested. Getting little mflad W ttp agpj" b*ta»r tn m. xl.- 5 I UMI WA 11V11 n J T>i|t repeat tne open invitation, we oDiigea.
          104 words
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      922 8 fjk BROADWAY Bi industrial group iimitedl H I NOTICE OF ANNUAL GENERAL MEETING I H NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held on Tuesday, 30 June 1998 at H 4.00pm at 18 Enterprise Road, Jurong, Singapore *****4 to transact the following ordinary
      922 words
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      28 10 ♦n» Wmw report ma not available yesterday "I own cm KWl«;llllPI education institution. The Straits Times Classified is my course to success. 1800-737-1166 Call Today For Results Tomorrow.
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      94 12 /f Hello? I'm calling about\ (3osh, you'reX jt mBO I found my pet through your advertisement in great...just like 0 c r 1 I i j II The btraits Times Classified. I B I Im going to take real good M you still have the puppy... M J kV described,
      94 words
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      51 14 Clipper Chronogrmpk mmtehm Time makes the difference. DICKSON WATCH 6-JEWELLERY (S) PTE LTD IA owned iubwWy of DICKSON CONCEPTS UMTTEDI 391 A Orchard Road N(m Ann City #17<06Sin(apor» *****3 Available at: DICKSON WATCH JEWELLERY: The Promenade. Centrepoint, Suntec City. HERMES BOUTIQUE: Liat Tower. Takashimaya. Also available at all leading authorised
      51 words
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      32 15 to /^\\ove thi^ca^X the Very J W 1 found ]H a»a The Straits Times JJ V Vroom, 1 Buyiiur or sellinfi through jP*.\ I IS*-" The Straits Times Classified is child's Play.
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      309 16 BUSINESS \o/ v s BUY it FIND Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. TOIL F I I 1800-737-1164 EST ((It Tt4«r F«i Itulu Tiaim* IN THE MATTER OF
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      Page 16 Advertisements Column 2
      825 16 NOTICE 6 HEREBY GIVEN toal toe Fourth Annual General Meetng of toe Company aril ba haM at 745 Toa Payoh Lorona 5, Lml 4, HBM BuMng. Singapore *****5 on 29 Juna 1998 at 11 JO a.m. lor tha Wlowing purpoaaa: Aa Occinary Buelneee 1. To racafca and adopt toe Director*'
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      Page 16 Advertisements Column 3
      139 16 neujs travels fast s|\( i\h )R{ when \(»u wan Ito reach out l<> a ship Sales A. Linker Rates. 1 rcrall \rri\ah A. select target audience in the transport and logistk I >ena'\i!res. Regional Weather Reports. I.ocai Ships fn iiullisti v. onl\ <ilie daih oilers \ou the advantage l> o:
      139 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Cultivating good health
      2086 17  -  COVER STORY Organic produce, macrobiotic diets, hydroponics, and just ordinary, garden-variety vegetables which is best for you? Una hb talks to practitioners on both sides of the fence JAIME EE EAT right. Exercise. Eat brown rice. No fat, no sugar, no processed foods. Go organic. Be like
      2,086 words
    • STRAWS In The Wind
      • Article
        Chew on this
        82 17 THE LATEST food court to open in Singapore obviously feels it has to distinguish itself in some way. Apart from opening for 24 hours, and thus having a whole lot of sleep-deprived stall owners, Kopitiam at the Meridian Hotel has a bunch of stalls with some rather
        82 words
      • Article
        Slice of life
        85 17 YOU'D think people in the financial world these days would be keeping their eyes peeled for the latest numbers on the Dow or the dollar, especially with the Asian turmoil roiling about them. But no, not on Wall Street anyway. According to financial whiz turned author Michael
        85 words
      • Article
        Work in progress
        41 17 THE language of bureaucracy has always been in a class by itself, as evidenced by this sign at a bus-stand announcing that it was a "temporary bus stop". And the duration of work? December 1997 to October 2000.
        41 words
    • VIEWPOINT
      • Article
        Upsetting the delicate balance between the sexes
        695 18  -  Off the Cllf(by Happy days are here again with Viagra. Or so men think. But what about the little old ladies who just want to get on with the cross-stitching? by Jaime Ee MY FRIEND called up the other day to tell me
        695 words
      • Article, Illustration
        Lock icon Israel's high-tech mastermind
        1321 18  -  As Chief Scientist Orna Berry's job is to promote Israel's high-tech industry. She tells vmuui khamva why it all boils down to putting people together VIKRAM KHANNA T'S A LOT of fun to be HH in this because the ideas are flowing all the ■HHHH time," said
        ARTHUR LEE  -  1,321 words
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        Lock icon Moulding a success story
        761 18  -  It was an uphill task getting Univac Precision Engineering started, but the hard work finally paid off. Annans pau gets the details from MD Sandy Oh ANNETTE PAU TIMING and luck, that's what it boils down to for a budding entrepreneur, according to Sandy Oh, 41,
        CHRIS LOH  -  761 words
    • PURSUITS
      • Article, Illustration
        Lock icon Back to doing what he loves
        1172 19  -  Jean-Paul Ly always knew that he wanted to work with animals right from the time he was six and bandaged his dog after being given a doctor's kit jaimb be catches up with him after his five-year absence from veterinary surgery JAIME EE WHEN
        ARTHUR LEE  -  1,172 words
      • Article, Illustration
        Lock icon The case for natural good looks
        491 19  -  COSMETICS Botanical-based beauty products may be the ideal solution for some problem skins, but they don't come cheap By 1 Tan Su Yen "Would you moisturise with petroleum? Enjoy the sweet smell of methyl-octine-carbon-ate? Accentuate your eyes with a coat of tar? That's just
        PHOTOS BY ARTHUR LEE  -  491 words
      • Article, Illustration
        Lock icon Toy story—it's big business
        687 20  - Toy story —it's big business MERCHANDISING Product tie-ins with movies that appeal to kids can generate tens of millions of dollars in extra revenue for the film studios By Harry Berkowitz LAT-WP A GIANT lizard and tiny bugs. A Chinese guardian dragon named MuShu and a biblical line of porcelain
        LAT-WP  -  687 words
      • Article, Illustration
        Get ready for a triple dose of female empowerment
        970 20  -  MOVIES FOR KIDS Move aside Pocahontas. Here come the new animated heroines Anastasia, Kayley and Mulan. BUSAM nura watches as their destinies unfold SUSAN TSANG WITH animation becoming easier to create as hand-painted cells are replaced by computerisation, more and more
        970 words
      • Article, Illustration
        WHAT'S ON
        414 21  -  Compiled by M Yasotha rareral or akts Shanghai Opera Theatre Known for its innovative use of music, lighting and other techniques, the company will perform Taking Mount Tiger By Strategy, a production from the Cultural Revolution, as well as excerpts from the popular Chinese classic Journey To The
        414 words
    • EPICURE
      • Article, Illustration
        Lock icon Big food, big drinks, big bills
        1020 22  -  Thaf s Morton's Of Chicago, where the USDA prime beef is to die for, and the chocolate cake a piece of heaven, kahita elias soon forgets to count the calories RAHITA ELIAS THERE are some things Morton's Of Chicago, The Steakhouse is not. It's
        ARTHUR LEE  -  1,020 words
      • Article, Illustration
        Have wok will travel
        573 22  -  TELEVISION Km Hmii takes viewers on a gastronomic tour of six Pacific Rim cities By 1 Tan Su Yen FUSION cuisine is often interpreted as a meeting of East and West across an over-priced dinner table, bewilderingly cluttered with chopsticks, forks and knives. But picking and
        573 words
      • Article, Illustration
        Alsace intricacies explained
        846 22  -  WINE CONNOISSEUR Getting to trips with VT and SGN wines, and how to match them with Asian food Byl N K Yong THE Appellation Controlee system in Alsace is not quite the same as that for Burgundy. At the lowest level, the denominator is the grape variety.
        846 words
    • Article, Illustration
      CINEMA
      821 23 An>«t>il>. Animated feature about a girl who may just be the last of the Romanovs. Lido, Republic, Choa Chu Kang, Jurong, Hougang, Century, Eastpoint, Central, Beach Rd, Bugis, Empress, Whitesands, Jubilee, Toa Payoh, Orchard, Yishun, Bishan, Tiong Bahru, Boon Lay, Tampines, GV Marina. See review on EL 4. Barney's
      821 words
    • Article
      ENQUIRIES AND BOOKINGS
      113 23 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 236-8386 Pidurehouse 338-3400 Yangtze 223-7529 IniWah Empress 777-5867 JuWix 454-1640 Mandarin 292-9401 Marina 338-9719 Whites*** 585-1782 SdokSS-SlS?** Bishan 353-8885 Boon Lay 792-2788 Broadway 464-9394 Majestic 533-9032 Marina 337-9488 Pavilion 786-5788 Tampinasß 786-6788 Tiong Bahru 274-6588 Yishun 257-7848 c!ementsc^leJ? a^ 777-0669
      113 words
    • TRAVEL
      • Article, Illustration
        Lock icon A city with its skates on
        1145 24  -  Uncompromisingly modern and frenziedly fast that's Guangzhou, the main trading entry point to China But mars graham finds some pockets of quiet in the city thaf s rushing to catch up with neighbouring Hongkong MARK GRAHAM WHEN it came to handing out the national
        PHOTOS BY MARK GRAHAM FOR BT  -  1,145 words
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      9 17 Orna Berry, I Israel's chief iul scientist EL 2
      9 words
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      Page 17 Advertisements Column 2
      103 17 Travel Guangzhou on the move EL 8 7,71™ v t?i "f :> v '\&«~v •V" ff*'" >•- r _r Jyz'QJ t F ;^T iT' WABwpr ;V ±L.* :§f. ;> i and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing
      103 words
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      42 20 1 Can't Keep your house in order? If you are having problems with clogged pipes, over-grown gardens, pest infestations, poor TV reception, worn-out fittings and furnishings Get a quick fix. Seek help from the Classified. Home Needs Classifications 90 to 120. CATS.
      42 words
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      Page 20 Advertisements Column 2
      57 20 My hobby can A walk into -these Oj "twojobs. No o handicap at all. 1 ANY JOD. ANY CAREER. AVAILABLE ANY DAY. ANY TIME. ANYWHERE. THE STRAITS TIMES THE SUNDAY TIMES BUSINESS TIMES the new Paper lianhe zaobao lianhe wandao Shin min Daily news Berita harian berita minggu M Jrf
      57 words
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      296 21 Where to wine, dine and entertain... \n JHM| rvl J(»o (>n h.inl l<«t.ul *oSMj\ iln IK< nn <«»|>|> M.tiul.ti ni 11« l i lfr.tiH.li H') 4 H .isi «».is| Ko.nl Nin\;.i|M»rt »VJ|OJ Ui ii> m.ill: k inoiipl inU i I i«»in x Zqqm I'ltnulut ruj ,i -r/ lunch menu Iratminij
      296 words
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      Page 21 Advertisements Column 2
      100 21 RELISH PINE COURT CHINESE RESTAURANT'S BEIJING DUCK FOR ONLY $25++^ Reservations: 831 6265/& SP JJJL JK—&jgaporr FV CHINESE Mi Orchard Boad Singapore ****** RESTAURANT Tel 757 4411 Sunday 21 June 12 pm-2.30 pm $28* (Adult) $19.50* (Child) More than just an international buffet, the Phoenix Garden Cafe's Father's Day special
      100 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      2169 23 TODAY'S TV Tinware I IS 7.00 AM Soccer: World Cup ChilHrPn Sheikh Haikel and arts 9B —Ftance vs South Af- Prime 12 -1 festival performers 000 Basketball- NBA 97/98 I aOO AM TV Innovations. talk back Airborne Comedians. K'caL ft mah f^li nome Anver the Eccentric and Bulls I S
      2,169 words
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