The Business Times, 1 August 1998

Microfilm: NL21219
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    21 1 THE BUSINEŚ TIMES MITA(P) 110/12/97 85C s I N G A P O R K Internet: http://business-times.asial.com.sg/ WEEKEND EDITION, AUGUST 1-2,1998
    21 words
  • Article
    MARKET SUMMARY
    61 1 Dim UMJI (+4.67) mmm U446J (+0.27) iIROOIP flmff (+5.61) □BTM4 MM (+10.90) gTOdMABIBTmMCEB FYktay Change KLSECOMP ***** >1113 NIKKEI ttJ7U?_+IWJ7 HAMQSENO lf*M +J6.6* SET INDEX 266.71 _-6JB JAKARTA COMP 481.72 -6J7 MANILA COUP —1667J1 -6J» TAIPEI WPI IJUHl.l -76JJ j SEOUL COUP MSJS _-tA8 CISA CHINA B M6JI
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  • Article
    FINANCE
    77 1 FOBS 1MB us* St m—; i.7» £(USt/S$ per UK 1822 DM 1.781 tltt YEN 1418 ISM' KM 4.140 0.417 KM 7.747 _U2S BAHT IUB IMS MJPIAH 18,000 MIS* 'St torn units wins SINGAPORE* 7Jg KllALA LUMPUR UJO JAKAEtA HH BANGKOK 14 76 MANILA SJ» HONGKONG 10.25 TAIPEI I HO
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  • Article, Illustration
    Train users will know today if CIQ dispute will hurt them
    638 1 S'pore to issue travel advisory if M'sian Immigration endorses passports illegally [SINGAPORE] Rail passengers leaving Singapore today from Tanjong Pagar station will find out whether, and how, they will be inconvenienced by the latest dispute between Malaysia and Singapore,
    638 words
  • Article
    S'pore will go to WTO if KL forces use of own ports
    288 1  -  Affected S'pore firms will get help to relocate; Tock Snan By] David Boey [SINGAPORE] If Malaysia prevents its companies from using Singapore ports through measures that run counter to international rules, Singapore "will not hesitate" to raise the
    288 words
  • Article, Illustration
    Lock icon SES suspends Mid-Continent trading as probe continues
    516 1  -  Shares gain 33% before halt; other recent listings snrge By Annette Pau [SINGAPORE] The Stock Exchange of Singapore yesterday suspended trading in Mid-Continent Equipment Group after feverish speculation in the company's shares continued unabated. The exchange yesterday said it was continuing its probe
    Source: Bloomberg  -  516 words
  • Article, Illustration
    Lock icon Fall in Q2 private home prices slows slightly to 8.3%
    335 1  -  Volume of caveats lodged double that of first quarter By. Diana Oon [SINGAPORE] The fall in private residential property prices slowed a little in the second quarter, bringing the total decline in the first half of this year to 16.8
    Source: URA  -  335 words
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      Page 1 Advertisements Column 1
      151 1 IHtfllMi Isanti breathe The Monetary Authority of Singapore has eased its raise on providing for delinquent borrowers, giving relief to banks and flnenrisl and allowing them to ease up on mortgagors, Pg2 Stasscsnas The US economy grew at t faster-than-expected pace In the second quarter as shwrmg pynsnw«jr rtansnrf helpful
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      Page 1 Advertisements Column 2
      8 1 Mid-Continent: host of factors at work, Pg 8
      8 words
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      Page 1 Advertisements Column 3
      65 1 (JOB earnings down 38% The Big Four bank kicks off the bank reporting Mason with better-tharvexpected interim net profit of $256 m. Full report, Pg ft CIQ move not ploy to take back KTM land: Jaya, Pg 2 More Parliament reports, Pg2 CHANEL EXCLUSIVELY AT THE CHANEL BOUTIQUES NGEE ANN
      65 words
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      Page 1 Advertisements Column 4
      9 1 HDB resale prices back to early-1996 levels, Pg 2
      9 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      CPF cuts possible next year if economy worsens
      611 2  -  Visi'i'nuntr tm mbmimpw But no redaction this year, says minister; DrHu rejects calls to suspend GST By. Audrey Tan THE government may consider cutting employers' Central Provident Fund (CPF) contributions if the economic situation continues to worsen next year, Manpower Minister Lee
      611 words
    • IN Brief
      • Article
        Call for banking ombudsman rejected
        84 2 DEPUTY Prime Minister Lee Hsien Loong yesterday rejected a suggestion by Non-Constituency MP J B Jeyaretnam for a banking ombudsman to make banks more accountable to their customers, saying it is not necessary in a competitive industry. BG Lee also said evidence to date shows
        84 words
      • Article
        Breakdown of off-budget spending
        77 2 OF the $670 million additional spending to be incurred in the off-budget measures, 42 per cent, or $282 million, will go to education, Finance Minister Richard Hu said yesterday. Additional spending on economic infrastructure includes $50 million for the commercial rollout of Singapore One, $22 million
        77 words
      • Article
        En bloo sales bill for select committee
        72 2 PARLIAMENT yesterday sent the Land Titles (Strata) (Amendment) Bill to a select committee to enable the public to air their views on the bill, which would allow en bloc sales to proceed with the go-ahead from 90 per cent of the owners of
        72 words
      • Article
        Retrenchment fond call rejected
        93 2 MINISTER for Manpower Lee Boon Yang rejected a call by opposition MP Low Thia Khiang for the government to establish a Central Retrenchment Benefits Fund. Such a fund would affect the cashflow of companies and weaken their ability to seize new business opportunities, said Dr Lee.
        93 words
    • Article, Illustration
      Lock icon Prices of HDB resale flats fall back to early-1996 levels
      306 2  -  By] Lee Han Shih PRICES of HDB resale flats have fallen back to early-1996 levels, suggesting that most of the 100,000 or so families who bought resale flats in the last two years have seen their assets diminish in value.
      FILE PHOTO  -  306 words
    • Article, Illustration
      Lock icon CIQ move not ploy to take back KTM land: Jaya
      569 2 M'sia has legal title but no sovereignty over railway land IT is "completely incorrect" that Singapore's CIQ move to Woodlands is somehow part of a plan to take back Malayan Railway (KTM) land, Foreign Affairs Minister S Jayakumar said yesterday.
      REUTERS  -  569 words
    • Article
      Malaysia reveals why it won't move to Woodlands
      664 2  -  A CIQ move would be seen as furtherance of the Points of Agreement' From Eddie Toh in Kuala Lumpur MALAYSIA said yesterday that the standoff with Singapore over Malaysia's customs, immigration and quarantine (CIQ) facilities at Tanjong Pagar railway station has its
      664 words
    • Article
      MAS eases rules on provisions for housing loans
      652 2  -  Move allows banks to go a little easier on mortgagors By i Conrad Raj THE Monetary Authority of Singapore has eased its rides on providing for delinquent housing loans, giving relief to banks and finance companies and allowing them to go a
      652 words
    • Article
      Tour operators to get indemnity insurance
      386 2  -  By Carol Eng SINGAPORE'S tourism industry will get a boost when the National Association of Travel Agents Singapore (Natas) introduces a new product for members before the year is out professional indemnity insurance for tour operators. In what is possibly the first of its
      386 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL`S EYE
      • Article, Illustration
        BT Sentiment Index
        532 3 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, Deutsche Morgan, Fraser, GK Goh, ING Baring, Kim Eng, Merrill Lynch and Phillip. Joroof Shipyard ♦(Buy) ParibasAsia Equity, July 31, $7.45 Jurong will kick off the Singapore shiprepair yards' reporting season
        532 words
      • Article, Illustration
        In My Opinion
        419 3  -  Kim Teo Managing director Nicholas Applegate Capital Management Asia VER the past two I I decades the world economy has undergone tremendous change. Globalisation is reshaping the political and economic environment in which both countries and companies compete. Today, the US economy is strong. The markets are
        419 words
    • Article, Illustration
      Emerging markets still offer good buys
      731 3  -  There are superb opportunities to buy First World companies at Third World prices, says a fund manager. But investors must take a long-term view Reports by I Shiv Taneja [SINGAPORE] INVESTORS serious about diversifying their portfolios are faced with a real dilemma: Asia is
      731 words
    • Article
      Limited options in emerging markets funds
      363 3 ASSUMING you have the appetite for a cocktail of Latin samba Russian vodka and Asian spice, the only meaningful way to access any of these markets is through a global emerging markets fund and herein lies the problem. The only truly global emerging markets
      363 words
    • Article, Illustration
      It boils down to a lack of confidence
      893 3  -  BYE OK THE REGION: HONGKONG Many of Hongkong's problems stem from external factors From Quak Hiang Whai in Hongkong YOU know how you can turn on the air-conditioner and prescribe pain-killers for a cancer patient to alleviate the pain. But while providing
      893 words
    • Article, Illustration
      Lock icon Dairy Farm Int'l tops non-S$ portfolio
      1020 3  -  But even here, a few clouds loom ahead, warn analysts By] Louis Beckerling [SINGAPORE] Foreign currency listings with their predominantly US dollar revenue streams have not been spared the spectacle of plus-80 per cent price plunges over the past 12 months. Led by the
      Source:  -  1,020 words
    • Article, Illustration
      Lock icon EnerSave may ride on fresh IPO frenzy
      519 4  -  Despite strong credentials, the Acma unit faces uncertain prospects in Russia and the region, but may be worth a stag By, Jennifer Lien [SINGAPORE] EnerSave Holdings, the Acma subsidiary that launched its initial public offering last week, believes prospects in its two key
      PILE PHOTO  -  519 words
    • Article
      Look a trust's gift in the mouth
      462 4  -  By\ Shiv Taneja [SINGAPORE] Buy $50,000 worth of unit trusts, get a one per cent discount and a return ticket to Bangkok, Hongkong or Perth. A great deal? Do your sums first. As part of the relaunch of the highly successful United European
      462 words
    • Article
      The game
      254 4 WhQ qualifies to pfay: Anyone over 21 CMNfyfaig period*: Aug 1 Oct 31,1996 Nov 1-Jan 31,1999 How to play? Cut out Stanchart Invests from this page and send to Standard Chartered Bank with completed application form before Aug 9, for period 1, and Nov 7. for period 2.
      254 words
    • Article, Illustration
      Lock icon Fund profile
      318 4 OSS Japan Growth Fund Source: mvwifiHHii oojective To ache\*medkrn to long term capita) appredadon by investfaa In a dwarsifecJ portfoio of Japanese equities. Investment style Baaed prfacipaly on fundamental analysis, the fmd mroger wi select investment with valuations thai do not yet reflect their growth prospects. The fond
      Source:  -  318 words
    • Article
      Qualitying funds – The Game
      1055 4 Qualitying funds The Game ns m 40. B A 1 Aberdeen Asian Fixed Income Fund N/A N/A A N/A 2 CM Global BondFund 16.2 2T,7 A 1.5 3 DBS Shanton Dynamic Bond Fund 24 4 N/A A N/A 4 DBS Shentoo Income Fund 2 5 19.1 A N/A 5 ft*
      1,055 words
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      9 4 v>- ■> STANDARD CHARTERED INVEST k pm I l v
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      Page 4 Advertisements Column 2
      360 4 Sound Us Out First. -JBOS£~ ATLAS HI Fl PTE LTD »01 116 124 Suntec City Moll (Tower Two) Tel: 339 0966 F.i* 336 4678 I 2I2SU, M y^ I ptm»undm*nemjmmT») j^H e^j f I ■■■■■■■^■iHHHi H Sax •□Male ferrate Doyouhavewtwt it tsfcea to he a winner in The Game? :<■>'t
      360 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon China's central bank intervenes to defend yuan
      485 5 Reuters [SHANGHAI] China's central bank yesterday stepped into the foreign exchange market to defend the local currency, which has come under pressure by a sagging Japanese yen, dealers said. They said the People's Bank of China sold US dollars in a thin market
      Reuters  -  485 words
    • Article
      Bank Negara cuts interest rates by 50 basis points to 10.5%
      612 5  -  It hopes monetary easing will cushion impact of downturn in domestic economy From', Ruth Wong in Kuala Lumpur IN a surprise move, Malaysia's central bank has eased its monetary policy, cutting interest rates by 50 basis points. Bank Negara
      612 words
    • Article
      Taiwan's CPC to pull out of Sumatra oil project
      374 5  -  Firm's officials vague about reason, some cite Indon social unrest From, Laurence Eyton in Taipei TAIWAN'S state-owned Chinese Petroleum Corp (CPC) is to pull out of an oil exploration project in northern Sumatra following social and political disturbances in the area,
      374 words
    • Article, Illustration
      Lock icon Miyazawa's remarks send yen to 144.31, but Nikkei gains 1%
      593 5  -  From. Anthony Rowley in Tokyo AFTER barely 24 hours in office, Japan's new prime minister Keizo Obuchi and his finance minister Kiichi Miyazawa yesterday ran foul of foreign exchange markets with the yen plunging to 144.31 against the dollar and
      REUTERS  -  593 words
    • Article
      Lock icon Japan unemployment hits record 4.3% in June
      214 5 AFP [TOKYO] Japan's seasonally adjusted unemployment rate hit an all-time high of 4.3 per cent in June, topping 4 per cent for three straight months, the government said yesterday. The number of unemployed reached a record 2.84 million in the month of June,
      AFP  -  214 words
    • Article
      Troubled Asian banking systems face collapse
      545 5  -  Cost of govt rescues will strain recovery, Fitch IBCA warns From* Quak Hiang Whai in Hongkong THE banking systems in Asia's troubled economies face insolvency and collapse as the countries' real economies shrink in the aftermath of the financial crisis, international, rating agency Fitch
      545 words
    • Article
      Lock icon Indon woes seen worsening over next 6 mths
      427 5 Forecasts of over 100% inflation, 30% output contraction LATWP [SYDNEY] Indonesia faces severely worsening economic problems over the next six months that could include more than 100 per cent annual inflation, 25 per cent unemployment and up to a 30 per cent
      LATWP  -  427 words
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      145 5 $48. At Le Mericlien mi it'/i/l ittltlilhi'tl/liri In Ihilil \IHI i Ihiimi ami I hour. s/// m llir fi//)l\ mini/: t'lii'/ii'i niiil i'nfu\ sjn (ml i'tfi ii'/itii \o>i in mi llii irshi v I'tifh/tii'i W<'<!ii uf> ilk liilllliinin ifil/i jt \hi'r ih Inn hi \i>ii t ('/l 11 d skiii/>liioii\
      145 words
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  • THE REGION
    • Article, Illustration
      Lock icon Hyundai fires 4% of its workforce to trim wage bill
      599 6 SEOUL Job cats seen as test case for mass layoffs at other big firms Bloomberg HYUNDAI Motor Co fired 1,569 workers, or 4 per cent of its workforce, making use of new labour laws to cut wages and weaken its
      Bloomberg; AFP  -  599 words
    • Article
      Lock icon 16 yrs jail for Beijing ex-party chief
      320 6 BEIJING He misappropriated 39.2 m yuan of state funds, court roles AFP JUDGES concluded at the secret trial of former Beijing party chief Chen Xitong sentenced yesterday to 16 years jail that he misappropriated some 39.2 million yuan (SsB.l million), the official Xinhua
      AFP  -  320 words
    • Article
      HK govt rejects calls to ease 70% housing mortgage limit
      348 6  -  It says cap works as risk management tool for banks Fromi Quale Hiang Whai in Hongkong THE Hongkong government yesterday rejected suggestions by several prominent figures to relax the loan-to-value ratio for residential mortgage lending by banks. The government said
      348 words
    • Article
      Lock icon 11 Indon parties cooperate to oust Golkar in next year's polls
      336 6 JAKARTA AFP THE leaders of 11 Indonesian political groupings have formed an opposition forum to prevent a victory by the ruling Golkar party in the next elections in 1999, reports said yesterday. "A Golkar victory should be prevented; Golkar
      AFP  -  336 words
    • Article
      Lock icon Ranariddh leaves after rejecting early talks on coalition
      266 6 PHNOM PENH AFP OPPOSITION leader Prince Norodom Ranariddh left Cambodia yesterday on the eve of final election results, leaving the public guessing over whether he will accept a power-sharing offer to avert a political crisis. "I have nothing to do here," he
      AFP  -  266 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      1560 6 [iSj Thakral Corporation Ltd vH' (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING TO: ALL SHAREHOLDERS NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of the Company will be held at The Westin Stamford Westin Plaza, Mercury Room, Level 4, Westin Convention Centre, 2 Stamford
      1,560 words
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  • REGION/WORLD
    • Article
      Lock icon US growth of 1.4% in Q2 beats 0.2% forecast
      524 7 WASHINGTON Strong demand, low inflation, job openings help offset Asian crisis fallout Bloomberg THE US economy grew at a faster-than-expected pace in the second quarter as strong consumer demand fuelled by low inflation and an abundance of jobs helped offset fallout
      Bloomberg  -  524 words
    • Article, Illustration
      Lock icon Russian PM tells banks, investors: Reforms on track
      428 7 MOSCOW Bloomberg RUSSIAN Prime Minister Sergei Kiriyenko gave a candid assessment of government finances to representatives of 30 banks and investment companies in a bid to convince them the government's reform programme is on track. He had some good news to report
      Bloomberg  -  428 words
    • Article
      Lock icon Employment cost index up 0.9% in US
      331 7 WASHINGTON Bloomberg LABOUR costs for US businesses registered a restrained increase in the second quarter, as both wage and benefit costs crept higher. The employment cost index (ECI) the broadest measure of wage, salary and benefit costs rose 0.9 per cent, adjusted for
      Bloomberg  -  331 words
    • Article
      Lock icon IMF reaches reform accord with Ukraine
      330 7 KIEV Tentative agreement may pave way for USs2b in loans AFP THE International Monetary Fund has agreed a three-year economic reform programme with Ukraine which could pave the way for more than US$2 billion (553.4 billion) in loans for the stricken former Soviet republic,
      AFP  -  330 words
    • Article, Illustration
      Lock icon A matter of seminal importance
      706 7  -  Clinton and Congress set for a gruelling time as Monicagate comes to a head Fron Leon Hadar in Washington AUGUST is the month of the year when members of Washington's political and bureaucratic elite usually leave this town, with its scorching heat and humidity and
      AFP  -  706 words
    • Article
      Lock icon Plunge in orders from chipmakers
      209 7 TOKYO Bloomberg WORLDWIDE orders for mi-crochip-making equipment made in Japan fell 33.6 per cent in May from the same month a year earlier to 66.3 billion yen (*****.7 million), the Semiconductor Equipment Association of Japan said. That's the sixth straight month of decline, indicating weaker
      Bloomberg  -  209 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      26 7 FBEEI 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
      26 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      54 7 DOONESBURY By Garry Trudeau SIR, HOCU MUCH THOUGHT &SCAUS6 HAV& WNOTMYPROO-\ OUTH(XU^\ HAVE- YOU &VSN TO TH£ HONS. A RSSFONSIOJUT/ CBM.HONSY. I (V/IITHeY I W ONHOPB, V PONT PAY J ~r?l m MHYf H£F3 I CLO&H6I SURVIVE? 1 g 1 I CAOi£,M aSSS.A* I MOOOPSIRN ■I A UTTLB \tUA6H/SA&, f
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    • Miscellaneous
      Page 7 Miscellaneous Column 2
      357 7 CRYPTIC CROSSWORD ingappUed(^ 30 Song composed about a small daughter (8) ting call-up (5,3) YESTERDAY'S SOLUTION 31 Revolting individuals! (6) 12 Some would describe this as a gamble (3) IDMGI^E^S DOWN 15 Basis for writing3o? (9) TH'HgWIByI 1 Matches underwear with a 16 Repartee is good only in one's IpMtMmMpW6MuHlißrl
      357 words
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  • COMPANIES & MARKETS
    • Article
      SingTel, KDD mull over Asian alliance: report
      278 8  -  By* Teh Hooi Ling [SINGAPORE] An Asia-Pacif-ic telecommunications alliance centred on Kokusai Denshin Denwa Co Ltd (KDD) and Singapore Telecom has been proposed by Sing Tel, the Nihon Keizai newspaper reported. With the new tie-up between British Telecom and AT&T, this will mark
      278 words
    • Article
      Roly US$l7m in the red after exceptional losses
      272 8  -  By 1 Teh Hooi Ling [SINGAPORE] Home decor product marketer Roly International has plunged Into the red with a US$l7.lB million (5529.6 million) loss for the year ended April 30 against a net profit of U557.75 million a year earlier. Of its
      272 words
    • Article
      Mid-Continent price spiral: a host of factors at work
      814 8  -  HOCK LOCK SIEW R Sivanithy WHAT'S the story behind the phenomenal trading in the shares of oilfield equipment supplier Mid-Conti-nent Equipment? The Sesdaq counter has been in the news not only because of the huge price run-up it has enjoyed since
      814 words
    • Article
      UOB interim net profit falls 35% to $256.4m
      692 8  -  Results better than expected; provisions op but Asian exposure pared By\ Siow Li Sen [SINGAPORE] United Overseas Bank yesterday reported a 35.4 per cent drop in interim net profit to $256.43 million but its performance is better than analysts expected. The bank's
      692 words
    • Article
      Stamford Tyres posts $5.6m loss
      293 8  -  By- Annette Pau [SINGAPORE] Stamford Tyres has slipped into the red, posting net losses of $5.6 million for the year ended April 1998 against net profit of $1.45 million in the previous year. Turnover fell 18.2 per cent to $92.4 million, the company said yesterday.
      293 words
    • Article
      Lock icon Thailand's TAC rolls over US$538m in debt
      421 8 Move will help telecoms firm cope with sharp drop in the baht: analysts Reuters [BANGKOK] One of Thailand's best known telecommunications companies yesterday announced a major rollover of its foreign debt in a move which analysts said should ensure the survival of an
      Reuters  -  421 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Binariang to spend RM250m to boost network
        368 9 M'sian cellular operator signs deferred payment deals with 3 firms AFP [KUALA LUMPUR] Malaysia's top cellular phone operator Binariang Bhd yesterday said it will invest 250 million Malaysian ringgit (Sslo4 million) by the end of the year to build new communications capacity and
        AFP  -  368 words
      • Article, Illustration
        Lock icon Korea to get its biggest bank in US$84b merger
        311 9 Reuters (SEOUL] Two South Korean banks yesterday announced plans for an US$B4 billion (Ssl4s billion) merger that would create the country's biggest bank, which analysts said could herald more mergers in the struggling sector. The Commercial Bank of Korea and Hanil
        Reuters; REUTERS  -  311 words
      • Article
        Lock icon France to sell up to 30% of Thomson Multimedia
        383 9 Bloomberg [PARIS] France has agreed to sell as much as 30 per cent of Thomson Multimedia, Europe's second-largest consumer electronics maker, to industrial partners including Microsoft Corp of the US in a bid to speed its recovery. The government said on
        Bloomberg  -  383 words
      • Article
        Lock icon NEC to own 52.81% of Packard Bell NEC
        221 9 Bloomberg [TOKYO] NEC Corp, Japan's largest maker of PCs and microchips, says it's investing US$225 million (Ss3B7 million) in Packard Bell NEC Inc and taking a majority stake in the company in an effort to stay competitive in the US and Europe.
        Bloomberg  -  221 words
      • Article
        5% pay cut at HP, forced vacation at Nat'l Semicon
        386 9  -  Temporary HP pay trimming applies to mid-to-upper levels By, Jennifer Lien [SINGAPORE] US-based manufacturer HewlettPackard (HP) imposed a temporary 5 per cent pay cut for mid to upper-level managers worldwide on Thursday, the same day that fellow Silicon Valley firm
        386 words
      • Article, Illustration
        Lock icon The smallest hearing aid
        86 9 [SINGAPORE] The microchip which runs what is claimed to be the world's smallest hearing aid, Prisma, is pictured among some rice grains to illustrate its size (3mm x 4mm). Makers Siemens of Germany claims Prisma is the only hearing aid to combine digital signal processing with
        REUTERS  -  86 words
      • Article
        Tuan Sing's stake cut as Aussie hotels merge
        168 9 [SINGAPORE] Tuan Sing Holdings' interest in the Grand Hotel Group (GHG) will be reduced to 22.5 per cent, from 38.8 per cent, when GHG merges with the Australian Tourism Group (ATG) to create one of Australia's largest listed hotel groups. In an
        168 words
      • Article
        Lock icon Paul Allen to buy cable operator for US$4.5b
        458 9 Microsoft co-founder poshes his strategy for a wired world Bloomberg [CHICAGO] Microsoft Corp co-founder Paul Allen took another step toward his goal of a "wired world" on Thursday, announcing he will buy closely held cable television operator Charter Communications for US$4.5 billion
        Bloomberg  -  458 words
      • Article
        Asset securitisation doesn't break secrecy
        183 9  -  LE7ITEII TO THE EDITOR Leong Sing Chiong Assistant Director (Corporate Communications) Planning Policy Co-Ordination Unit MAS I REFER to the letter by Mr Tony Tan, "On creditors and bank secrecy" published in BT on July 28. Mr Tan has rightly pointed out that banks in
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      • COMPANY Briefs
        • Article
          Khong Chuan posts $952,000 loss
          62 9 [SINGAPORE] Khong Guan Flour Milling has reported net losses of $062,000 for the year ended April 1906, with turnover falling 47 per cent to $47.6 million. Losses per share came to 10.58 cents, while net tangible assets per share rose to $4.14. The company has
          62 words
        • Article
          SingTel extends BudgetCall service
          106 9 [SINGAPORE] Singapore Telecom will extend its Budget Call service, which offers international calls at up to 47 per cent cheaper than the company's mriating IDD rates, to all fixed line, Phone Net and ISDN customers from today. Fixed line customers need to apply to have their
          106 words
      • Article
        Lock icon Citic Pacific parent bails out Larry Yung
        362 9 AFP [HONGKONG] China's main trading arm has bailed out Larry Yung, chairman of Hongkong-based Citic Pacific, the mainland's official China Daily reported here yesterday. China International Trust and Investment Corp (Citic) injected over US$3OO million (Sssl7 million) last year to raise its stake
        AFP  -  362 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Chin Ean Wah resigns from Morgan Stanley
        390 10  -  High-profile fond manager denies rejoining MAS By\ Shiv Taneja [SINGAPORE] High-profile fund manager Chin Ean Wah has resigned as chairman of Morgan Stanley Dean Witter's asset management operations for Asia (excluding Japan) with plans to "contribute to the rebuilding of a new Asia".
        390 words
      • Article
        Indon insurers told to pay riot victims
        251 10  -  By\ Soh Tiang Keng (SINGAPORE] Dewan Asuransi, the Indonesian council representing insurance firms, has instructed its members to compensate policyholders whose premises were burnt or looted during the May riots in Jakarta. This directive applies to policies that specifically cover riots, strikes and
        251 words
      • Article, Illustration
        Lock icon Possible US$ gains in near-term
        448 10 USS/mark: The greenback traded on a firm note for the early part of this week, touching a high of 1.7894 on Tuesday, only to give in to bears on the same day. By Thursday, the unit had fallen to a low of 1.7642. Not willing
        Source: DBS Bank  -  448 words
      • Article
        Lock icon Maybank seals US$100m loan facility
        131 10 AFP [KUALA LUMPUR] A consortium of banks, including Citibank Bhd, yesterday arranged a US$lOO million (Ssl72 million) syndicated term loan facility for Malayan Banking. "The successful conclusion of the syndicated term loan arrangement is a demonstration of confidence by international banks in Maybank and Malaysia
        AFP  -  131 words
      • Article
        OCBC starts Islamic banking services
        249 10  -  By i Clarissa Tan [SINGAPORE] OCBC Bank yesterday became the first Singapore bank to launch Islamic banking services, which do not pay or charge interest. Under OCBC Islamic Banking, customers can place their money in either an AlWadiah savings account or an Al-Wadiah current account.
        249 words
      • Article
        Lock icon Euroyen, JGB futures rally fizzles out
        313 10 rum in Report Reuters [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures lost steam in late trade yesterday despite further evidence that Japan's economy was slipping into deeper recession. The June jobless rate jumped to a record high of 4.3 per cent while
        Reuters  -  313 words
      • Article
        Futures fall for fifth day in a row
        191 10  -  MSCI TAIWAN FUTURES Charlie Kuo, Charlie Kuo, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures slumped for a fifth straight day in spite of an early gain inspired by the sharp rebound in the equity market. Investors were cautious
        191 words
      • Article
        Lock icon Oil hit by fears of prolonged glut
        170 10 ENERGY REPORT Reuters [LONDON] Oil prices creaked lower yesterday as markets contemplated the possibility that towering stocks could prolong the worst glut in years. North Sea bellwether Brent was trading seven cents lower at U5512.97 a barrel at 1540 GMT. Some dealers suspect
        Reuters  -  170 words
      • Article
        Lock icon CURRENCY REPORT
        278 10 AFP TiAiwiffn THE yen fell sharply against the dollar in Europe yesterday owing to rejection of intervention by the new Japanese Finance Minister Kiichi Mizayawa. The yen fell to 144.65 to the dollar from 142.29 here late on Thursday. Mr Mizayawa said that he did not have confidence
        AFP  -  278 words
      • Article, Illustration
        Untitled
        1194 10 DITERBAMK CROSS RATES /3/ C$ K1 ECU ftr Dw MK$ bXt«»ipiH. N M N»t <$ —< Mr iT$ 8«t Hmt VSj SSf* inoi W .«S n°£5 IIS S 7 -5* 2-527 1106 32.233 25*47 L053 3.721 0.*****.97* 24.910 0473 0.6W ftS n«» 5-52 n 9 I5 >55 *®2 VSL 1200
        1,194 words
    • Article
      COMMODITY PRICES
      1704 11 SICOMrOTU aigg Jul 31 RU80CI (Um ctostaQ« SJQpa) RSSt CONTRACTU CMfe/kt> CtOM VOkMM OpM Mowth Mg tow Sott (tmmt) Irtorart Auq 98 122.50 90 s«p 9« 120.00 120.00 ***** 200 490 Oct 96 119.75 1450 Nov 90 120.00 1450 OK 98 120.75 1450 JM/tar 99 ***** 2025 Apr/Jw
      1,704 words
    • Article
      WORLD STOCK MARKETS
      2189 11 LOMPOM 1 Mutriih Ja*3i hw 31 Group 573.000 -7.000 AB Ports *****0 1.400 Abbay National 1114.000 -41.000 AUiad Domacq 560.000 -1.000 Amac 165.000 6.000 Asda Group 201.000 3.000 BAT Ind 676.000 -5.000 BGPIc 370.000 -12.000 B1CC 124.400 -2.600 BOC Group 782.000 -8.400 BR Patrolaum 813.000 -21.000 BTR
      2,189 words
    • Article
      Lock icon TOKYO
      1628 11 Bloomberg P Nikkei 225 ****** JAPANESE stocks rose for a fourth day as the weaker yen promised higher profit for top exporters such as Honda Motor Co and as com-puter-related companies such as Fujitsu Ltd benefited from the rally in US technology stocks. The yen fell against the dollar
      Bloomberg  -  1,628 words
    • Article, Illustration
      Lock icon HONGKONG
      1502 12 Bloomberg PI Hang Seng +30.04 STOCKS were mixed, as property companies such as Henderson Land Development Co fell on signs real estate prices which have halved in a year may tumble further. Rising borrowing costs sparked by concerns about Japan's recession, and newspaper reports that Henderson plans to cut
      Bloomberg  -  1,502 words
    • Article, Illustration
      Lock icon CHINA
      612 12 Reuters QShenihenß Index +QJS SHENZHEN'S hard currency B shares ended up slightly in a weak technical rebound yesterday following recent sharp losses, analysts said. The B Share Index rose 0.35 point to 63.31 points on turnover of HK$l5 million. The market had fallen about 34 per cent since late
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  612 words
    • Article
      Lock icon TAIPEI
      342 12 AFP UWPImUr -76J2 TAIWANESE share prices fell yesterday, declining for the fifth straight day, as late selling of technology issues wiped out early gains, dealers said. The Weighted Price Index dropped 76.92 points to 7,653.51. "It has been a pattern over the week that the market opened higher and
      AFP  -  342 words
    • Article
      Lock icon WELLINGTON
      241 12 AFP Wellington +24i>3 NEW Zealand stocks closed up 1.2 per cent yesterday on strong turnover of NZ$227 million amid an easing of interest rates. The NZSE-40 Index rose 24.83 points to 2,122.31 with Auckland Airport climbing two cents to NZ$2.l4. Telecom Corp ordinaries jumped 18 cents to NZ$B.76. —AFP
      AFP  -  241 words
    • Article, Illustration
      Lock icon BANGKOK
      771 12 AFP P| SET Index -0.02 THAI share prices closed slightly lower yesterday after the release of weak economic indicators by the central bank which predicted the economy would shrink 6 to 7 per cent this year, dealers said. The SET Composite Index fell 0.02 point at 266.72. Dealers said
      AFP  -  771 words
    • Article
      Lock icon SEOUL
      403 12 AFP PComDQgitg Index -L5B SOUTH Korean share prices closed yesterday lower as earlier gains gave way amid a weaker yen and futureslinked institutional selling, dealers said. They said, however, that construction shares, seen as laggards and expected to benefit from lower market interest rates, remained attractive while financial stocks
      AFP  -  403 words
    • Article
      Lock icon SYDNEY
      590 12 AFP F1 AD Ordinaries +X 3 AUSTRALIAN share prices edged up 0.1 per cent yesterday as gains inspired by a strong performance on US and Japan markets were offset by a late sell-off, brokers said. The All Ordinaries Index rose 3.3 points to 2,704.6. The All Industrials Index rose
      AFP  -  590 words
    • Article, Illustration
      Lock icon JAKARTA
      660 12 AFP P Composite Index -OJ7 INDONESIAN share prices weakened yesterday with investors cautious about taking fresh positions while they await possible government intervention to support the rupiah, dealers said. "It seems to me that the market is concerned that the government may use CGI money for market intervention. The
      AFP  -  660 words
    • Article
      Lock icon MANILA
      305 12 AFP D Manila jjj SHARE prices closed 0.4 per cent lower yesterday on the back of a weakening yen and disappointment over flat corporate earnings, analysts said. The Philippine Stock Exchange Composite Index fell 5.89 points to close at 1,607.61. Volume rose to 745.10 million shares worth 1.06 billion
      AFP  -  305 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon KLCI regains key 400-point level
        350 13 AFP I*l Composite Index +13J2 MALAYSIAN share prices closed higher yesterday due to a technical rebound which pushed the key index back above the psychological 400-point barrier. "There was some buying on index-linked stocks by local institutions that still have some fluids," an institutional dealer
        AFP  -  350 words
      • Article
        Untitled
        7292 13 C, L»»!^ r-Z Oty Net Cap Hmi L— fimpany tan •OOP HH> Lear P/I >— 310 180 Aiinomoto 190 -10 31 195 190 10.5 77.0 148 40.5 Anqfcasa 43 uneh T7 44 43 1.0 63.4 290 123 Apollo Food Htq 138 4J 55.2 388 182 BerjayaLand 199 6 412 199
        7,292 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3253 14 bonds, loans ft 19*8 L*st Vol Day Laat Ouott Avg HM. Law Stna Company m COOO> Ht L~ Buyar UHrn Prlca 23.5 9 m 3000 m AMOB c5.5%*****6 9-5 20.5 4.5 3160 *Acar ******1 USS *-5 unch 12 4.5 4.5 4 95 8 3164 Acma ******4 8 73 10 3161
        3,253 words
      • Article
        Freight Links warrants offer a choice
        221 14  -  WARRANT WATCH -By R Sivanithy DESPITE a 14.2 million block of shares crossing at 23 cents apiece in the late afternoon yesterday, Freight Links Express' share price hardly budged, closing at 17.5 cents. Still, it's drawn our attention to the counter and its warrants.
        221 words
    • Article
      CLOB INTERNATIONAL
      2180 14 Transaction date Jul 31 I Cr Cr L*t VI Day Laat Owota M» Otv VM Nit M Cap nm» low Stno Company rOOO) Wgh Law Bwyar »a—r Of p/c fct* S2?^ 5 2L 3 M 37 37 38 iO U U IM 310 653 12 mi 5001 AMDBSOc
      2,180 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      5916 15 T^nuivinioiHlau^u^^J Or Or M W« >998 un Vet Day Last Ouate O* Wv YW Met Cap A v« Lew ttHe Ciiwaany «ata fOOO) MMi La» »n« CV W Prtca ■wwthuls 43 12.3 a 1020 ACE 0ynamlc»20c_.. 18 *0.3 70 18 17.5 17.5 18 0.1
      5,916 words
    • Article
      SESDAQ
      1201 15 a rJS, 134 50 2000 A8R Hldgs 5c 79 38 78.5 385 79 243 62 2049 AS Auto H)C 66 *2.5 136 66.5 62 65 66.5 15.0N 7.0 2.3 6.2 75.4 65 82 48.5 2051 ASJ Hldgs 20c 57 57 2.5 10.2 0.9 11.0 51.3 57 27 10 t
      1,201 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        214 16 Starts W— Frt Links 20c 15,290,000 UXinlOc 14,753,000 Panpac Media 5 8,008,000 Mid-Coot 10c 7,332,000 Tai Sin 10c 7,132,000 TAC BtIO 200 5,142,000 GoMtroo 20c 5,034,000 ST Capital 25c 4,740,000 Heslte Hldgs25c 3,813,000 •M Resources 3,371,000 Start! f DBS Foreign 17,373,540 OCBC Foreign 11,055,437 U08 Foreign 9,386,090 OUB Foreign 8,282,547
        214 words
      • Article, Illustration
        Shares firm on talk of KL easing bank reserve ratio
        646 16  -  STOCK MAUBT COMMENT AST Punters shift focus to other small-cap stocks after suspension of the Mid-Continent counter By R Sivanithy [SINGAPORE] Local stock prices closed marginaUy firmer yesterday after rumours that Malaysia's central bank wiU cut its statutory reserve requirements
        646 words
      • Article, Illustration
        HOT STOCK
        84 16  -  -by Shiv Tanaja HOTEL Properties closed half a cent tower yesterday at 40.5 cents on a volume of 3.23 million shares, compared with its 10-day tacM average of 643.700 shares. The counter is heavily oversold, according to the daily and weekly RSI and Stoctestics The daily MACD chart
        84 words
      • ON THE GRAPEVINE
        • Article
          Double A for OCBC
          79 16 THE appointment of Hongkong banker Alexander Au as chief executive and vice-chairman of OCBC Bank has generated a lot of interest and wisecracks in Singapore's banking and business circles. For example, a senior company executive remarked that OCBC has a new general at its helm—Alexander Au
          79 words
        • Article
          Oversager PR
          91 16 THE head of a company recently told a BT reporter that she was the managing director of the firm, though her name cards read "deputy general manager". But she affirmed that she was the MD, and we printed it as such. But an enthused external public relations officer
          91 words
        • Article
          Little fizz left
          110 16 PRESIDENT Park (Singapore), the parent of microbrewery Paulaner Brauhaus which recently closed its two outlets in Singapore, has been in the red since its establishment some two years ago. The company, with an issued and paid-up capital of $1 million, lost #16,315 in 1995 and $425,372 in
          110 words
        • Article
          Cheap is no good
          82 16 THE Nobel prize winning Amnnrr^i^ Milton Friedman has long advocated Jpf dismantling the International Monetary Fund. Now he has given a simple reason why countries should disregard IMF's advice. He told a former editor of Hongkong Economic Journal recently th»t people hire financial consultants for ad
          82 words
        • Article
          A quiet policy
          75 16 SOME like to make a big hoo-ha when they launch new products, others like to do it quietly. Insurer Asia Life seems to fall into the latter category, even when they have tied up with one of the most media-sa wy fund management firms in town, Aberdeen
          75 words
        • Article
          Hi- Preductivity
          68 16 PLASTIC Injection company Hi-P, which wants to list next year, puts its money where its foot and mouth are. Our reporter visited them and was astounded to find staff wearing bunny bedroom slippers at work! But managing director Yao Hsiao Tung said staff feel more comfortable and hence
          68 words
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      Page 8 Advertisements Column 1
      182 8 jft| Complimentary welcome drink and te C^CC 2 0pm su^ect t0 n the heart of the East Coast district il 4 Sy aCCCSS t0 e cntra Business District ''"^""V 1 m £ZX"/ attraction and East Coast Park JBPI fj» Convenient access by Eunos MRT p fnMM Nearby to shopping complexes
      182 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      82 9 Wanted POWER PLANTS, New Or Used, Land Based Barge Mounted between 20 MWH to 120 MWH for IMMEDIATE INSTALLATION. Finance and Joint Venture proposals welcome. Send complete details and price quote to: The Advertiser ST Box N ***** 82 Genting Lane, News Centre Singapore *****7 BUY.* SELU FIND** Classified ads
      82 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      75 12 f calling /See...l toWN /The card we're\ the computer I y°u this was a making for Susan v Jt 1 advertised in J deal./ U P» we Bot8 ot what V is going to be J The Straits Times/ j we wanted because real nice! S Classified. 1 J Vi
      75 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      368 16 BUSINESS \o//ccs lb advertise call toll-free 1800-741 1883 NOTICE IS HEREBY GIVEN that, I Wong Yew Chong of Blk 866 Tampines St. 83 #09-239 Singapore *****6, have applied for a Retail Liquor Shop Licence in respect of M/s Whizzo Marketing located at 3E River Valley Road Clarke Quay Singapore *****4,
      368 words
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      Page 16 Advertisements Column 2
      146 16 FESTOON COMPANY PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY given pursuant to Section 308<2) of the Companies Act. Cap. 50 that the Final Meeting of Members of the abovenamed Company will be held u SO Jalan Sultan #21-04 Jalan Sultan Centre. Singapore *****4 on 1-9-1998 at 10:00 am for
      146 words
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      Page 16 Advertisements Column 3
      735 16 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND ADVANCE COLLISION REPAIR PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company duly convened and held at SO Jaian Sultan *21-04 Jalan Sultan Centre Singapore 1 ***** on 27th day of July 1998 the
      735 words
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      Page 16 Advertisements Column 4
      243 16 THE COMPANIES ACT CAP. 50 STEEL TECH BUILDERS PTE LTD (In Voluntary Liquidation) Al an Extraordinary General Meeting of die members of the abovenamed company duly convened and held at Blk 682 Hougang Avenue 4. *04-.VX) Singapore *****2 on the 3ld day of July. 1998 at 11.00 a.m.. the special
      243 words
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      Page 16 Advertisements Column 5
      416 16 IN THE MATTER OF THE COMPANIES ACT, CAP. SO ANO IN THE MATTER OF AFRICA-SINGAPORE TRADING SHIPPING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap 50, that a Final Meeting of the Members of the
      416 words
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      Page 16 Advertisements Column 6
      206 16 3 &MW P3Z4W* Tangttn Mail, ■vry third Saturday of the month, spm 11pm [catJ IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF BETALAND FERAS COMPANY PTE LTD (MEMBERS' VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (I) of the
      206 words
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      Page 16 Advertisements Column 7
      8 16 Jmtm Run a special feature on your Anniversary
      8 words
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  • EXECUTIVE
    • Article, Illustration
      Dealing with the dreaded 'R' word
      2127 17  -  COVER STORY Retrenchment We all know, or have heard of, professionals who have lost their jobs over the last few months. How are they coping? jaime be hears their stories JAIME EE Recently, a multinational company advertised for a driver for its CEO. Of
      2,127 words
    • STRAWS In The Wind
      • Article
        Room for ingenuity
        56 17 PROPERTY agents, in a bid to create excitement in a totally bleak rental market, really know which selling points to highlight. One ad trying to get someone to take a master bedroom went like this: "Absolutely no owners! In brand new private luxury house. Visitors, pets, cook,
        56 words
      • Article
        Rent a house, get a car
        74 17 BUT WHEN it comes to landlords who know how to please, you can't beat this one who advertised: "District 10, beautifully renovated house. Large patio, nice garden, greenery. Car provided. We didn't find out how much rent the guy was charging for all this,
        74 words
      • Article
        What a shocker
        47 17 ALSO SEEN in the classifieds was this ad for a second-hand Mercedes Benz with full accessories, including "electric chair and roller blind". We know Mercedes makes electric seats to memorise one's favourite position, but an electric chair? Who is the seller targetting? Suicidal businessmen?
        47 words
      • Article
        Music on the side
        38 17 ANOTHER intriguing ad under garage sales offered a roti prata stove and a piano. We've heard of a disco-dancing roti prata man, which is improbable enough but a piano-playing prata maker? The mind boggles.
        38 words
    • VIEWPOINT
      • Article
        Destroy nature, and you destroy a part of life
        766 18  -  Off the cuff Onr last remaining marshland is making way for the Punggol 21 plan. Bnt isn't it precisely because Singapore is so land-scarce that natural pockets of land should be preserved? by Jaime Ee I HAVE a healthy respect for
        766 words
      • Article, Illustration
        Lock icon 'Asean is more relevant than ever'
        1322 18  -  Is Asean a helpless tiger in the midst of the regional financial turmoil? tamo razali kahsim catches up with new secretarv-general Rodolfo Severino Jr, who defends the group's record in whipping itself back into shape YANG RAZALI KASSIM The writer is BT's regional analysis
        FILE PHOTO  -  1,322 words
    • MOTORING
      • Article, Illustration
        This baby's certainly come of age
        695 19  -  Forget the 'moose' episode. Daimler-Benz's A-class has since evolved into a completely different animal, says Christopher tan CHRISTOPHER TAN 0 ONE will confirm this, it would be safe to assume that Daimler-Benz spent hundreds of millions on getting the world «i ready for its
        695 words
    • LEISURE
      • Article, Illustration
        Lock icon Looking good without spending a fortune
        666 19  -  RETAIL Competitors call it an upstart and parallel importer, but SaSa sees itself as an open-concept beauty supermarket By' Tan Su Ten LUNCHTIME on a weekday at SaSa in Wisma Atria and it's a crush of female office workers. Most of the women at
        ARTHUR LEE  -  666 words
      • Article, Illustration
        A patch of green in the sky
        702 19  -  GARDENING Ton don't need to live on landed property to have a garden. What yon do need is some know-how and a reasonable amount of perseverance By' Thien EVERY Saturday was "moving" day at our previous condo. To catch the morning sunshine, we
        702 words
      • Article
        Plants for a sky-rise garden
        61 19 Foliage plants* (semi-sttade loving) Aglaonema or Asian dumb cane Dieffenbachia or dumb cane Dracaena surculosa or Japanese bamboo Alocasla For hanging: Bird's nest fern Staghorn fern Elkhorn fern Boston fern Acanthaceae or snakeskin plant Chlorophytum comosum or spider plant Larger plants: Dracaena or iron plant
        61 words
    • Article, Illustration
      Lukewarm period piece
      607 20  -  CINEMA Sophie Marcean and Stephen Dillane help create a few sparks of romance in the otherwise snbdned Firelight By I Susan Tsang FIRELIGHT marks the directorial debut of William Nicholson, scriptwriter of Nell, Sarafina and Shadowlands, for which he earned an Oscar nomination. Nicholson apparently only agreed
      607 words
    • Article, Illustration
      Lock icon Coming through slaughter
      871 20  -  CINEMA Spielberg's Saving Private Ryan is anything but your typical World War Two flick. In fact, it's likely to be the goriest war movie you've ever seen By Stephen Hunter LAT-WP TWO middle-aged guys talking movies. Could be inabaror ata ballgame. It happens to be in a
      LAT-WP  -  871 words
    • Article
      Lock icon Bold, brainy thriller that breaks Hollywood formula
      557 21  -  CINEMA The more mathematical skills yon have, the more yon will be able to get into Pi, a most unusual film from Darren Aronofsky By\ Kevin Thomas LAT-WP THAT first-time filmmaker Darren Aronofsky calls his picture Pi, the symbol designating the ratio of
      LAT-WP  -  557 words
    • Article, Illustration
      WHAT'S ON
      434 21  -  Compiled by M Yasotha OOWCBETB Singapore Symphony Orchestra Swedish pianist Per Tengstrand, winner of the 1997 Cleveland International Piano Competition, will perform Grieg's Piano Concerto in A minor. Also on the programme are Rossini's Overture to Journey to Rheims. Stravinsky's Suite from The Firebird and Ravel's Bolero. Okko
      434 words
    • EPICURE
      • Article, Illustration
        Lock icon A strong, assertive presence
        817 22  -  That describes both Christine Manfield and the flavours she creates. taw su yem finds out why the owner and chef of the Paramount restaurant is regarded as the high priestess of modern Sydney cooking TAM SU YEN WORK, I don't swan B|| around If I'm on
        PHOTOS BY SIEW YAW HOONG  -  817 words
      • Article, Illustration
        Lessons in Japanese aesthetics
        1124 22  -  WORLD GOURMET SUMMIT Eiichi Takahashi of Kyoto's HyoTei restaurant pleases both palate and eye with his kaiseki dinner menns By 1 Tan Su Yen SPREAD over just six days, last week's World Gourmet Summit set off a frenzy of fine dining among food lovers in Singapore
        1,124 words
      • Article, Illustration
        Pickwicks party loaves
        95 22  -  Compiled by Tan Su Yen BORED with baguettes? Cold Storage recently introduced Mr Pickwicks, a new range of European-style breads that could take you comfortably from breakfast to dinner party. The breads are baked at Cold Storage itself and include traditional favourites such as Bavarian Rye and
        95 words
      • Article, Illustration
        All-you-can-drink Chinese and Italian brunch
        122 22 CRAVINGS PAOLO Ping's at Royal Crowne Plaza in Scotts prides itself on its Chinese-Italian fare. On Sundays, you can treat yourself to a brunch of lasagne and dimsum plus enough free-flow-ing alcohol to leave you hung over till Monday morning. Unlike other brunch venues, the
        122 words
      • Article
        Anchovy savvy
        109 22 SALAD lovers in Singapore used to drown their greens in a fattening pink river of TTiousand Island dressing. These days, salad bars are seeing more takers for vinaigrette, balsamico and Japanese-style shoyu dressing. But whatever happened to anchovy? After all, an anchovy dressing need not be overpowering if
        109 words
    • Article, Illustration
      CINEMA
      666 23 Aberration. Scare-fest starring Pamela Gidley. Woodlands. Armageddon.An oil driller (Bruce Willis) is mankind's best hope of salvation from a comet that threatens to crash into earth. Previewing at Lido, Capitol, Changi, Republic, Jurong, Choa Chu Kang, Chinatown, Century, Hougang, Orchard, Cathay, Eastshore, Central, Eastpoint, Empress, Jubilee, Whitesands, Toa Payoh,
      666 words
    • Article
      ENQUIRIES AND BOOKINGS
      130 23 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Qoldan Villaga 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
      130 words
    • TRAVEL
      • Article, Illustration
        Dropping in on Santa
        1279 24  -  Never mind that you have to pay for the privilege. Just tell him what you want for Christmas and step out into the sub-zero temepratures of Lapland, Finland, to gaze at the Northern Lights. After all, you can always get warm again in a sauna, says
        1,279 words
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      Page 20 Advertisements Column 1
      141 20 H VM KVaV ImV^l Hong Kong Master Chef, Chan Chen Hei, pays tribute to our ancestral custom with a tempting selection of HaiTien Lo's legendary mooncakes. Made to tradition. Made to perfection. Be an early bird now, and take advantage of our very special Initial Purchase Offer (IPO). Place your
      141 words
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      Page 20 Advertisements Column 2
      18 20 r OCT TO KMW See Sunday a Sunday Classified special on antiques, collectors' items, and arts crafts rss
      18 words
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      Page 20 Advertisements Column 3
      33 20 Showing at Shaw cinemas. Rated RA. I Such a market -for choice jobs, 1 -fresh day I J any job. any Career. Available any day any time, anywhere. i JP Singapore Press Holdings
      33 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      0 21
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      Page 21 Advertisements Column 2
      266 21 I Where to wine, dine and entertain...^ 18 Queen street, Singapore 18(549 Tel: 430 4119 y'V >-\y ...%J. Skylight Cafe Lounge Live Entertainment Monday to Thursday i 8.00 pm to 11.45 pro Friday and Saturday 8.30 pro to 1.15 am m t Jsi I J J> ■JSLI, .■——.Err)— Cafe Plaza
      266 words
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      Page 21 Advertisements Column 3
      96 21 Hongkong FOOD PROMOTION i featuring A Authentic "X* Hon§ Kong cuisine yL from 22 July -10 August 1998 Reservations: 831 6262/66 JD, HaAl Mantkirui Singapore Chinese 3ms» RESTAURANT 333 Orchard Road. Singapore *****7. Tel. 737 4411 Lunch 12 pm-2:3opm Dinner 6pm -10:30pm Stamp your "passport" each time you have a
      96 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      651 23 ttECOMMEWDEP YIEWDIO GrPTI (i Pr episode entitled Yesterday Upon The Stair. bender Pushing Hands, 2.30pm, Ask Harriett, 9pm, Ch 5 Ch 8 Pilot of a 13-part comedy Lung Sihung plays a serial that is crafted along widower who moves from the lines of Tootsie and Taiwan to an American Mrs
      651 words
    • Miscellaneous
      Page 23 Miscellaneous Column 2
      1518 23 TODAY'S TV mm I l L—fT Ml I 2.00 PM David, the Gnome. 12.00 NNTV Innovations. HT PMI fI f l 2JO Littlest Pet Shop. LOO PM ESPN 1998: Asian X H 3.00 My Little Pony Gaines Qualifiers. H Salty's Lighthouse. 2.00 Sports: World Soccer 4.00 Pencipta. 0/v L 4.30
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