The Business Times, 5 February 1999
1999-02-05
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The Business Times
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Title Section13 1999-02-05 1 THE BUSINESS TIMES MITA (P) 04^12/98 85e SINGAPORE Internet http://business-times.asial.com.sg/ FRIDAY, FEBRUARY 5,199913 words
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Article43 1999-02-05 1 ClvmM (+mi) nssu, PI aw mam Uaui(+M«) gum iMBOMg HANGSENG *jOKM ,+IM SET WOO tin +417 JAKAKTA OOMP 4WJS___-1J4 MANILA OOMP —lJMJt -SLM TAffH WH MM* -SMJ7 SEOUL OOMP MttK 4.18 CUAOHNAB «MS -11M AUBTALLOtD—lMIA >tt» IImEST CkHge DOW MMJ8 4US43 words
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Article72 1999-02-05 1 ran urn U8S St ubi mi van i7«7 EUROfUSt/S$p»E) LM tttl DM L3S1 1177 WW IOS L4M* ■H tm Mtf HO im till ■ART *71 HMf HJPIAH M» Ml** •atmMmu* PUB BA1B SWOAPOtP Ml HIALALUVrUR 1LM JAJCABA SMI BANGKOK 1471 MANILA ttn HONG MONO 1M» IMPH BM SYDNEY JM72 words
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Article, Illustration1314 1999-02-05 1 Eddie Toh, Ruth Wong, Diana Oon Abdullah - Move expected to pat stocks back on MSCI index From] Eddie Toh, Ruth Wong, Diana Oon Abdullah MALAYSIA yesterday removed a key pillar of its exchange controls the oneyear freeze on repatriating proceeds from the sale of equities by foreigners and replaced itNST - 1,314 words
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567 1999-02-05 1 Eddie Teh, Ven Sreenivasan - From', Eddie Teh, Ven Sreenivasan INVESTORS holding Malaysian shares previously traded on Clob International, Singapore's over-the-counter market, will be subject to the new exit tax when holders of these scrip are allowed to trade their shares. But no567 words
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391 1999-02-05 1 Teh Hooi Ling - SingTel to invest in start-ups for better returns, technologies TAS welcomes more, says it will maintain S'pore's edge By' Teh Hooi Ling [SINGAPORE] Singapore Telecom said yesterday it has set up a venture capital firm to invest in high-tech startups in its search for higher returns as well as insights391 words
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599 1999-02-05 1 Larry Wee - Restrictions on domestic outflows remain: analysts By) Larry Wee [SINGAPORE] The 3.80 Malaysian ringgit fixed peg to the US dollar imposed in September last year is likely to remain for some time, analysts say, despite Malaysia's relaxation of a key capital control measure.599 words
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Advertisement107 1999-02-05 1 prams Hw Bank of England stunned the market yesterday by slashing UK interest rates, the fifth cut since October, by half a percentage point to &5%, P*K> TOP ffl BEST-SELLERS IN PROPERTY Federal Reeerve policymakers left interest rates unchanged at their first meeting of the year on tlf, g, a<107 words
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Advertisement188 1999-02-05 1 Mora ■"•ports, Pg 2 Ran won't attract fresh funds: fund managers Commentary: Malaysia parts the curtain.... a little Daim's statement, plus quotes from the industry Finance Asia called us Asia's Best Private Bank. So when will you call us? For the third consecutive year, ÜBS has personal needs and wishes188 words
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MALAYSIA'S EXIT TAX POLICY
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787 1999-02-05 2 Andrew Marks, Neil Behrmann - Complex levy system is big deterrent and memory of freeze still fresh From Andrew Marks, Neil Behrmann FUND managers in America, whose funds constitute the bulk of foreign portfolio investment in Malaysia, doubt that the easing of a key component787 words
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Article, Illustration376 1999-02-05 2 Wong Wei Kong - Exit tax an improvement but is still a constraint By Wong Wei Kong [SINGAPORE] Malaysia's implementation of an exit tax to replace the 12-month holding period for stock market proceeds is unlikely to lead to a major diversion of regional fund376 words
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824 1999-02-05 2 Vikram Khanna - M'sia parts the curtain a little COMMBMTABT One big concern that remains is what will happen to the ringgit By Vikram Khanna The writer is BT's Regional Economics Editor MALAYSIA'S new relaxation of its policy on repatriation of portfolio capital is hopefully a first step towards the larger goal of824 words
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Article, Illustration433 1999-02-05 2 THE following is a statement by Finance Minister Daim Zainuddin on repatriation of portfolio capital. "The government wishes to announce a new policy with respect to the repatriation of portfolio capital. The measures implemented on Sept 1, 1998, which include the requirement for such capital to be inNST - 433 words
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Article484 1999-02-05 2 "We were definitely trying to get out. But now there isnoreasonforustowanttogetouL" -Mark MoNna, managing director of Tetnpleton Asset Management Ltd "We think it's positive. Even in the extreme case, Malaysia's got adequatefunds to meet any outflows resulting from the relaxation in capital controls." Cha* CMa Lin, ABN484 words
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Article, Illustration1384 1999-02-05 3 OVERSEAS UNION BANK (OUB) first opened its doors on 5 February, 1949, with a staff of 27 and a paid-up capital of $2 million. The banking scene in Singapore at that time was dominated by three British Exchange banks which financed the1,384 words
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SHGAFORE AT HOME & ABROAD
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Article, Illustration602 1999-02-05 4 Eugene Low - Such posts form 27% of Sept vacancies which were down to a record low By\ Eugene Low WHILE job vacancies fell to a record low of 15,465 last September, the proportion of openings for professionals, skilled technicians and managers almost doubled last yearSource: MOM - 602 words
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336 1999-02-05 4 Wong Wei Kong - By' Wong Wei Kong [SINGAPORE] Retraining, not retrenchment, is the main issue facing employees of the enlarged DBS Bank following its acquisition of POSBank, union leaders said yesterday. While there are overlaps in areas such as retail banking, the bank336 words
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Article, Illustration318 1999-02-05 4 Ang Wan May - By. Ang Wan May SINGAPORE stands a good chance of achieving above zero growth this year if the US economy's projected growth of over 2 per cent is sustained, says Economic Development Board chairman Philip Yeo. Mr YeoFILE PHOTO - 318 words
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358 1999-02-05 4 Toh Han Shih - By' Toh Han Shih SINGAPORE Network Services will make it safe for merchants to sell digital goods online, spurring the growth of online delivery of "soft goods" such as software, music or information. SNS will use the technology of Trust Marque, a UK358 words
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328 1999-02-05 4 Ang Wan May - HDB's unsubsidised housing loans cheaper for now By Ang Wan May THE Housing and Development Board has a problem, albeit a temporary one: its interest rates for unsubsidised housing loans are now lower than those for subsidised loans. Come March 1, HDB flat owners with unsubsidised loans will enjoy a328 words
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342 1999-02-05 4 Ven Sreenivasan - By Ven Sreenivasan THE Housing and Development Board's inaugural offer of $270 million of five-year bonds was 2.25 times subscribed by institutional investors when the offer closed at noon yesterday. The HDB has fixed a coupon rate of 3.875 per cent,342 words
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Advertisement13 1999-02-05 4 Congratulations to farms INm Baak jnt 50tk tafarsaiy Mr Mrs Chung Shih Ping13 words
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Advertisement30 1999-02-05 4 Congratulations Overseas IMn Baak Mvovr wH Iwlll 50th Aaatarsary semaSlgroup Sema Group Asia Pacific Pte Ltd 111 Somerset Road #09-06 Singapore *****4 Tel: (65) 339 8911 Fax: (65) 339 688730 words
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ASIA'S ECONOMIC SLUMP
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Article, Illustration537 1999-02-05 5 Investors worried about the family's companies, which include a listed firm {TAIPEI] Taiwan's financial malaise deepened as prominent legislator Liu Ping-wei flew with members of his family to the United States, after he bounced NT$l26 million (556.6 million) in cheques and depositors mountedREUTERS; Source: Bloomberg - 537 words
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431 1999-02-05 5 Quak Hiang Whai - Company even plans to raise stakes in business there /•Yorrv Quak Hiang Whai in Hongkong THE Jardine Matheson Group, which employs 12,000 workers in Indonesia, is in for the long haul in the politically explosive republic and even plans to increase its431 words
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317 1999-02-05 5 [BANGKOK] Thailand's "bidder of last resort" for assets of 56 now-defunct finance companies said yesterday that it may not participate at an auction on March 10 because of a possible shortage of funds. The Asset Management Corp (AMC) said it317 words
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Article, Illustration380 1999-02-05 5 Eugene Low - Governor says worst over, aims for 5-10% real interest rate By] Eugene Low [SINGAPORE] The Indonesian economy should grow by between minus 2 and zero per cent in year-on year terms in 1999, says Syahril Sabirin, governor of Indonesia'sSIEW YAW HOONG - 380 words
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521 1999-02-05 5 Yang Razali Kassim - By' Yang Razali Kassim [SINGAPORE] With the help of the International Monetary Fund, Indonesia is devising a mechanism to monitor large-scale capital movements so that it can react to any sudden flows, Central Bank governor Syahril Sabirin said in an interview with BT yesterday.521 words
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Article160 1999-02-05 5 Rolland Miller - LETTER TO THE EDITOR Rolland Miller Rion Financial Consultants British Columbia Canada via Internet BRAVO, Yang Razali Kassim (Going for a global economy with a human face, BT Feb 3). I have spent 36 years in the Financial world in Canada and have done business160 words
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Advertisement11 1999-02-05 5 MM TODAY Wianhe Zaobao -d— (fe g t5 m w H11 words
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Advertisement12 1999-02-05 5 i. X Take mpif v nun The good life in Life! TheStaiitsTlmes12 words
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Advertisement781 1999-02-05 6 ANNOUNCING A BOND ISSUE THAT WILL GENERATE A LOT OF INTEREST CjC] HOUSING |> DEVELOPMENT LMJ BOARD First bond* issue open to the public available through Citibank and five participating banks. Take advantage of this bond issue coming from one of the most established pillars of 2 Applications through the781 words
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SOUTH-EAST ASIA
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199 1999-02-05 7 SINGAPORE AFP MEN are the decision makers when it comes to grocery shopping in almost half of Malaysian households, but Korean husbands would rather leave that chore to their wives, an Asian survey showed yesterday. Next to Malaysia, Singapore has theAFP - 199 words
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297 1999-02-05 7 JAKARTA It also plans bill to ratify convention against violence AFP THE Indonesian government plans to submit two draft bills later this week, to ratify the Convention against Violence and Discrimination and to revoke the anti-subversion law, President B J Habibie said yesterday. "OnAFP - 297 words
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NOTE Book
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Article62 1999-02-05 7 AFP [BANGKOK] Thailand is about to bail out of the International Natural Rubber Organisation (Inro) because it no longer serves the country's interests, Deputy Agriculture Minister Newin Chidchob said yesterday. He said Thailand, one of the world's biggest rubber producers, was not getting value for moneyAFP - 62 words
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54 1999-02-05 7 AFP [BANGKOK] Chinese Foreign Mincer Tang 1 arrived in Thailand yesterday at the start of a thrMHtay visit expected to seal a blueprint for relations in the next century. Bilateral contacts this year will include state visits by Chinese President Jiang Zemin and Thai PrimeAFP - 54 words
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61 1999-02-05 7 AFP [BANGKOK] Almost 4,oooThai farmers from north-eastern provinces rallied near the Grand Palace here yesterday to demand government help to solve their debt problems. Members of the Thai Farmers Group said they wanted the government to act quickly to ease the debt burden forAFP - 61 words
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107 1999-02-05 7 Bernama [KOTABAHARU] Kelantan Barisan Nasional chairman Annuar Musa said the BN is confident ofwinning 27 seats out of the 43 Kelantan State Assembly seats in the coming general elections, to topple Parti Islam (PAS) and form the state government. "Yesterday, Datuk Ibrahim All (Deputy MinisterBernama - 107 words
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Article, Illustration291 1999-02-05 7 Anthony Rowley - Jakarta production to remain suspended; Nissan will also cnt number of models From. Anthony Rowley in Tokyo JAPAN'S Nissan Motor Co is far more pessimistic about prospects for Indonesia than for other Asean economies, and the company will shortly begin exporting vehicles (mainly trucks)FILE PHOTO - 291 words
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397 1999-02-05 7 Diana Oon Abdullah - By Diana Oon Abdullah in Kuala Lumpur MALAYSIA is ready to take steps to boost cargo destinations from its new international airport to combat an outflow to Singapore's Changi airport, Transport Minister Ling Liong Sik said yesterday. He said the country397 words
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Advertisement237 1999-02-05 7 Introducing a truly AmaZing Lens The New SEIKO Super SV 1.67 MX A revolutionary "double aspherical" design creating a lens so thin and vision so clear comfortable and distortion-free, you can actually feel the difference. Amazing true. A lens construction HBHBBBBBBBBBBBBI in its superiority that we named the the to237 words
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CHINA-HONGKONG-TAIWAN
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258 1999-02-05 8 BEIJING AFP [BEIJING] Chinese Premier Zhu Rongji has promised to step up supervision of construction projects following a spate of deadly accidents caused by corrupt officials, media reports said yesterday. Mr Zhu pledged to "pay special attention" to improving construction quality, observingAFP - 258 words
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Article354 1999-02-05 8 HONGKONG Strain on public resources amid ageing population AFP HONGKONG will face further strains in its resources following a landmark court ruling allowing mainland children of the territory's residents the right of abode, a bank report warned yesterday. The report by Hang SengAFP - 354 words
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Article, Illustration480 1999-02-05 8 HONGKONG Meanwhile, Internet phone service operators slammed for bypassing govt AFX-Asia AFP CHINA Telecom may be divided into three companies as a major step by the Chinese central government toward increasing market competition, Xinhua reported. The agency cited Minister ofAFX-Asia; AFP; REUTERS - 480 words
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435 1999-02-05 8 HONGKONG Stock offering to be priced today in difficult market NYT MUCH of the sparkle that China had for investors has been dimmed by a slowing economy, debt-ridden corporate sector and recurrent fears of a currency devaluation, which is why rivals ofNYT - 435 words
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SINO Briefs
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58 1999-02-05 8 Reuters [SHANGHAI] China's central bank has ordered tights supervision of the nation's problem-ridden lotteries, the official Shanghai Securities News said yesterday. All lottery sales must now be approved by the local branch of the central bank, and sales of lottery tickets must be shiftedReuters - 58 words
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79 1999-02-05 8 Bridge News [BEIJING] A Chinese official warned on Wednesday that major state-owned enterprises (SOEs) will be stripped of privileges in terms of bank loans and supplies if they fail to establish research and development centres ova- the next two years, the officialBridge News - 79 words
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73 1999-02-05 8 Bloomberg [HONGKONG] North-east China may be hit by drought this year if the current dry winter persists, threatening the planting of corn, wheat and soybeans, Chinese officials warned. About 6.7 million ha in China's corn belt and breadbasket may be at risk, the ChinaBloomberg - 73 words
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76 1999-02-05 8 Bloomberg [TAIPEI} China Development Bank, Taiwan's biggest listed investment company, which is controlled by the Nationalist Party, said Januaxy pre-tax profit exceeded NT1740 million (5138.7 million), while February's pre-tax is also likely to exceed NT9700 million. Both figures are about the same as lastBloomberg - 76 words
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195 1999-02-05 8 U BEIJING AFP CHINA has sent almost 9,000 armed police to Yining city in its north-west Muslim region of Xinjiang, the scene of previous anti-Beijing rioting, official Chinese media reported yesterday. "The Central Committee of the Communist Party is paying special attentionAFP - 195 words
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347 1999-02-05 8 CHONGQING China's slowing economy, big job cots a formidable one AFP THE mayor of this sprawling, smog-choked industrial metropolis in south-west China calls them a veritable "treasure". Mayor Pu Haiqing could be referring to the 10,000 factories in Chongqing's 40 dependent districts, orAFP - 347 words
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Advertisement168 1999-02-05 8 |y SCOIO EXECUTIVE TIPS FROM JOHN SLEDGERS: How to succeed in business 1. Be energetic. Dedicate your time and energies to your work. Believe in yourself and your abilities. 2. Learn everything you can about the business you are in. Have a vision. 3. Plan. Visions require systematic planning to168 words
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Advertisement36 1999-02-05 8 1 VI THE WORLD S LEADING l OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS I' Incorporation Fees from USSSOO a BAHAMAS JERSEY V i m BRITISH VIRGIN MAURITIUS ISLANDS it t CAYMAN SEYCHELLES ISLANDS SAMOA WT IRELAND36 words
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Advertisement41 1999-02-05 8 ■OR. kOnzler*s' MULTI ENERGY NSk A NATURAL FOOD PRODUCT FOR A HEALTHY WAY OF LIFE Ingredients (without chemical additive): BEE POLLEN EXTRACT WHEAT GERM EXTRACT ROYAL JELL^^ ELDER JUICE HONEYWINE CONCENTRATE Distributor: Ambrosia International Pte Ltd Tel: *****94/ *****038 Fax: *****9541 words
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ASIA
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424 1999-02-05 9 ROME Officials nrge Tokyo and EU to play their part in easing global financial crisis IHT TRADE tensions between the US and Japan are mounting, and Washington is prepared to impose sanctions on Tokyo unless Japan takes rapid actionIHT - 424 words
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Article, Illustration390 1999-02-05 9 SEOUL Ponds allegedly for Kim Young Sam's election campaign AFP THE jailed former head of South Korea's bankrupt Hanbo Group said yesterday he had given former president Kim Young Sam some 20 billion won (5528.8 million) to fund his successful presidentialAFP - 390 words
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168 1999-02-05 9 SEOUL Bloomberg CORPORATE failures in the South Korean capital of Seoul dropped to a seven-year low in January, thanks to falling interest rates and improving economic conditions. The number of insolvent companies in Seoul where more than 80 per cent of the country's financialBloomberg - 168 words
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440 1999-02-05 9 NEWDELHI Vajpayee accepts Sharif invite to ride Ist cross-border bus NYT PRIME Minister Atal Behari Vajpayee of India accepted a warmly worded invitation on Wednesday from Prime Minister Nawaz Sharif of Pakistan to ride the first bus to roll from India to PakistanNYT - 440 words
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264 1999-02-05 9 SYDNEY Bat economists still upbeat, dismissing it as aberration AFP AUSTRALIA recorded a dramatic drop in consumer spending on retail goods over the Christmas period, the Australian Bureau of Statistics said yesterday. But economists called the figure an aberration and predicted a strongAFP - 264 words
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148 1999-02-05 9 TOKYO Bloomberg JAPAN'S domestic shipments of personal computers during the October-December period recorded their sharpest rise in seven quarters, industry figures showed. PC makers, such as NEC Corp and Fujitsu Ltd, shipped 1.852 million units, 16 per cent more than in the sameBloomberg - 148 words
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Advertisement198 1999-02-05 9 Bell Ross VINTAGE COLLECTION Model: Vintage 126 B. Deluxe Eastern Watch Centrepoint. Sincere Watch Ngee Ann City. Sincere Watch Duty Free Singapore Changi Airport Terminal 2. Watches of Switzerland Forum. Information and catalog: Exclusive Distributor: BMI Singapore. Tel 737 3786. Fax 737 7300. e-mail: samben@hld.fjb.com. sg. website: http://www.bellross.com H mm198 words
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THE WORLD
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446 1999-02-05 10 Neil Behrmann - This marks fifth foil since Oct to 5-5%; slack domestic activity, weak global environment cited From, Neil Behrmann in London THE Bank of England stunned the market yesterday by slashing UK interest rates by half a percentage point to 5.5 per cent.446 words
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Article553 1999-02-05 10 WASHINGTON Overnight bank lending rate stays at 4.75%, discount rate at 450% Bloomberg AFP FEDERAL Reserve policymakers left interest rates unchanged at their first meeting of the year on Wednesday, betting that the nation's longest peacetime expansion can continue with no acceleration in inflation. The FederalBloomberg; AFP - 553 words
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413 1999-02-05 10 RIO DE JANEIRO Everything scheduled to ran as normal: spokesman Bloomberg AFX-Asia THE International Monetary Firnd would not accelerate the next instalment of an aid package for Brazil, saying it will likely be paid at the end of the month as planned.Bloomberg; AFX-Asia - 413 words
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260 1999-02-05 10 MOSCOW Bloomberg RUSSIA'S economy contracted by 4.6 per cent in 1996 as production fell after the rouble's plunge choked domestic demand, and analysts said gross domestic product could fall even further this year. The government forecasts a drop in GDP of between one perBloomberg - 260 words
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Article, Illustration57 1999-02-05 10 [BONN] Members of the environmental organisation Greenpeace sitting on the roof of the headquarters of the Social Democratic Party (SPD) during a protest to demand the closing of all nuclear power plants in Germany yesterday. A marionette made to look like Social Democratic German Chancellor GerhardREUTERS - 57 words
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375 1999-02-05 10 THE MICROSOFT CASE Govt highlights inconsistencies in demo; Microsoft does new version LAT-WP [WASHINGTON! Voicing doubt about Microsoft Corp's credibility, the federal judge conducting the software giant's antitrust trial Wednesday called a key video presentation that the company prepared "not reliable". He alsoLAT-WP - 375 words
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Article, Illustration206 1999-02-05 10 WASHINGTON AFP WHITE House adviser Sidney Blumenthal acknowledged on Wednesday that President Bill Clinton lied to him about his relationship with Monica Lewinsky, CBS television reported. Mr Blumenthal, SO, reportedly said so during questioning behind closed doors by Republican prosecutors asAFP; REUTERS - 206 words
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588 1999-02-05 10 Leon Hadar - OKJMTOirS IMPEACHMENT Bnt there's still m agreement on how Monicagate will cenclnde From Leon Hadar in Washington WELL, don't hold your breath. But it is quite conceivable that President Bill Clinton's impeachment trial in the US Senate could come to588 words
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Article267 1999-02-05 10 BRUSSELS But companies fear sales losses soon amid slowing demand Bloomberg CONSUMER and business confidence in the 11 countries in Europe's single-currency region rose in January, the European Commission said yesterday, amid record-low inflation and consumer expectations of rising wages. The economic confidence indexBloomberg - 267 words
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Advertisement85 1999-02-05 10 Further Cost Cutting Strategically located near Orchard Road With OUr financial district. Corporate Package successfully combines the old-world service with *S$ 115 Single Double ""tZTylT^y Welcome dnnk comfonablei Deluxe room on corporate floor tnemor Daily buffet breakfast Free pressing of 2 garments per stay Complimentary coffeMea making facilities 2 swimming85 words
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EDITORIAL & OPINION
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Article, Illustration796 1999-02-05 11 Michael Lewis - THB BOTTOMLDVE OPINION By Michael Lewis Michael Lewis, the author of Liar's Poker and The Money Culture, is a columnist for Bloomberg News. The opinions expressed are his own Bloomberg I, FOR one, am still puzzled by what happened in the financialBloomberg - 796 words
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Article103 1999-02-05 11 'Maybe I am the most stupid guy existing in Indonesia. It's all right with me. The fact is that I'm the president' -B J Habibie president of Indonesia. 'Habibie's survival depends very much on how the elections are conducted. If they are not fair, he is finished.103 words
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Article636 1999-02-05 11 EDITORIAL WHEN all else seems to fail, it's the humble tourist dollar that often comes to the rescue. Asean's latest move to have a fresh coordinated crack at luring foreign visitors deserves nothing less than kudos. For a long time, governments have relied on prima636 words
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Article, Illustration881 1999-02-05 11 Elaine Ng - Chinese cities like Bering are growing as production and business centres as high costs hnrt HE By\ Elaine Ng The writer is a director with William M Mercer, a US human resources consultancy based in Hongkong. She contributed this article to Business Times THE high cost ofFILE PHOTO - 881 words
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735 1999-02-05 11 Floyd Norris - By Floyd Norris NYT FROM Davos, where Microsoft's Bill Gates was expressing bewilderment as to why people would pay so much for Internet stocks, to Washington, where Alan Greenspan, the US Federal Reserve chairman, questioned overall stock prices but said someNYT - 735 words
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Article400 1999-02-05 11 IT IS out in the open now. In the foolish little world of sport, the lords are trying to tell the rabble what is good for them, and they are answering back. The lords of sport ride in limousines...and the monarch of the "Olympic family" prefers400 words
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Advertisement225 1999-02-05 12 Your Business Partner in Asia, the Pacific Rim and the world. Our commitment to Asia More than 50 years ago, Bank of America made a visionary commitment to help finance Asia's development, and built a network to do it. Today, our commitment is stronger than ever. With offices in 25225 words
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COMPANIES & MARKETS
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436 1999-02-05 13 Conrad Raj - Financial covenants breached; higher interest offered to instrument holders By Conrad Raj [SINGAPORE] The SembCorp Industries group has offered to pay half a percentage point more in interest to entice investors of two of its debt instruments to hold on to their securities. This436 words
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Article, Illustration473 1999-02-05 13 Annette Pan - By< Annette Pan [SINGAPORE] Homegrown plastic injection moulding firm Chosen Holdings, whose initial public offer will be launched on the main board later this month, expects to maintain its earnings, with margins at levels above the industry norm. The company's chairman and managing directorCHRIS LOH - 473 words
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695 1999-02-05 13 R Sivanithy - HOCK LOCK SIEW R Sivanithy DOES size always matter? Most people would say yes. After all, one of the supposed truths in life is that the bigger something is, the better. In most stockmarket-re-lated areas, size is important. All the recent mergers to695 words
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426 1999-02-05 13 RM7B9m set aside for bad loans, more than donble the amount a year ago Bloomberg [KUALA LUMPUR] Bank Bumiputra Malaysia Bhd, the country's second largest bank, swung to a loss in the first six months ended Sept 30, as it set aside money forBloomberg - 426 words
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121 1999-02-05 13 Dulcie Chan - LETTER TO THE EDITOR Dulcie Chan Corporate Communications Manager Telecommunication Authority of Singapore I REFER to the article 'TAS trying to keep a piece of the pie for Star Hub?" (BT, Feb 4). As explained to The Business Times and The Straits Times,121 words
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202 1999-02-05 13 [SINGAPORE] Pacific Can Investment Holdings is moving into several infrastructure projects in China involving a total capital injection of 1.07 billion renminbi (about Ss2lB million). The mainboard-listed company said in a statement yesterday that it has signed a co-operation agreement with a Chinese202 words
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COMPANIES
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Article, Illustration751 1999-02-05 14 Loh Hui Yin - Legislators attack justice secretary's reason that charges would hinder Sing Tao restructuring From Loh Hui Yin in Hongkong LACK of evidence and "public interest" were the two reasons why the Hongkong government did not press charges against publishing tycoon751 words
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288 1999-02-05 14 Sale marks part of restructuring of UMW Toyota Motor Bernama [KUALA LUMPUR] UMW Corporation Sdn Bhd is to sell 12.41 million shares or 21 per cent equity in UMW Toyota Motor Sdn Bhd to Toyota Motor Corp of Japan,Bernama - 288 words
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Article, Illustration318 1999-02-05 14 Analysts also reject ramonr given the companies' agendas AFX-Asia [BANGKOK] Siam Cement pic and Thai Petrochemical Industry (TPI) rejected suggestions the two companies are considering a merger, with analysts equally sceptical given the two companies' current agendas and the circumstances in Thailand. InAFX-Asia; FILE PHOTO - 318 words
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145 1999-02-05 14 Reuters [KUALA LUMPUR] Malaysia's Taiping Consolidated Bhd said the Securities Commission has approved its plan to sell three properties to power and construction group YTL Corp Bhd for 323 million Malaysian ringgit (*****.6 million). Taiping said in October it wasReuters - 145 words
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322 1999-02-05 14 Eugene Low - Bnt company points ont that its NTA falls by a much smaller $l«L2m By Eugene Low [SINGAPORE] General Securities Investments (GSI) has plunged into the red with a hefty $53.9 million group net loss for the full year ended Dec 31,1998. Loss per322 words
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256 1999-02-05 14 AFX-Asia Reuters [MANILA] Nippon Telegraph and Telephone Corp (NTT) is exploring the possibility of entering a strategic partnership with Philippine Long Distance Telephone Co, PLDT president Manuel Pangilinan said. "They (NTT) are one of many. There are a lot of other foreignAFX-Asia; Reuters - 256 words
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298 1999-02-05 14 AFX-Asia Reuters [KUALA LUMPUR] Renong Bhd said its unit, Prolink Development Sdn Bhd, has proposed to amend the mode of payment for the sale of 426 hectares of land to SP Setia Bhd unit Bukit Indah (Johor) Sdn Bhd. Renong saidAFX-Asia; Reuters - 298 words
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COMPANY Briefs
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79 1999-02-05 14 [SINGAPORE] The public offer of shares by Eagle Brand Holdings was 2.5 times subscribed when it closed yesterday. The Chinese ceramic tile and bathroom fixtures maker launched its IPO 0f230 million shares at 19 US cents apiece last week. Just 10 per cent, or79 words
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53 1999-02-05 14 [SINGAPORE] Provisions Suppliers Corp is seeking shareholders' approval to buy back up to 10 per cent of its 225.15 million issued shares. It said repurchases will be made to iron out speculative fluctuations in its share price and to facilitate the return of cash53 words
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Article124 1999-02-05 14 [SINGAPORE] Kian Ann Engineering is placing out 5 million new 20 cent shares while shareholder Eik Ann Co Pte Ltd is placing out 4 million existing shares. Eik Ann has a direct 4.2 stake in the company and is owned by four substantial shareholders, who124 words
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46 1999-02-05 14 [SINGAPORE] CK Tang yesterday announced the appointment of Foo Tiang Sooi as its new chief operating officer with effect from Monday this week. Following his appointment, he has resigned as a member of the audit committee but remains a director.46 words
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61 1999-02-05 14 [SINGAPORE] Construction and properties group Lim Kah Ngam (LKN) yesterday disclosed that non-executive director Lim Kong Eng has been reducing his warrant holdings in recent days. Mr Lim sold 50 lots cm Feb 3 at 11.5 cents each and 245 lots at 12.24 cents61 words
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83 1999-02-05 14 [SINGAPORE] Cam International Holdings has finally divested all its 80.33 per cent equity stake in Cam Agro-Innovation (C AD. its investment holding company with shares in aeroponic vegetable farm operator Aero-GreenTechnology (S) Pte Ltd. The purchaser is one Chao Tzu Yun,83 words
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106 1999-02-05 14 [SINGAPORE] Hamper and gifts company Noel Gifts International Ltd has sold a property in London for £2.5 million (556.9 million) in view of a softening property market in the financial hub. Its subsidiary Kesteral Ltd sold the property at 30 Lancaster Gate, Bayswater, to106 words
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Article25 1999-02-05 14 [SINGAPORE] United Industrial Corp Ltd has raised its effective interest in property arm Singapore Land Ltd to 57.15 per cent.25 words
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Article34 1999-02-05 14 Bernama [KUALA LUMPUR] Former Bank Negara assistant governor Abdul Murad Khalid has been appointed executive director of RHB Bank effective Feb 8,1999, the commercial bank said yesterday. BernamaBernama - 34 words
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REGIONAL COMPANIES
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459 1999-02-05 15 High restructuring charges, strong yen to worsen its first full-year loss Bloomberg [TOKYO] Hitachi Ltd, Japan's largest electronics maker, said it will lose a larger-than-expected 375 billion yen (555.6 billion) in the year ending March 31, its first-ever fUll-year loss, becauseBloomberg - 459 words
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Article, Illustration188 1999-02-05 15 AFX-Asia [HONGKONG] Hongkong Telecommunications Ltd has filed high court writs against New World Telephone Group and New T&T Hongkong Ltd seeking damages of HK5426.5 million (5592.9 million), arising from a re-routing of calls from abroad, the South China Morning Post reported, citing theAFX-Asia; AFP - 188 words
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189 1999-02-05 15 Bridge News [TOKYO] Sony Corp and a group of companies will jointly launch a digital broadcasting data service for sending information, visual images and music to subscribers' television sets, Kyodo news service, quoting company sources, reported yesterday. The joint company, IBC, will be capitalised atBridge News - 189 words
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342 1999-02-05 15 It estimates gain of HKs23om from sale of New York hotel Reuters [HONGKONG! Lai Sun Hotels International Ltd said yesterday that it had signed an agreement to sell its 49.99 per cent indirect interest in the Four Seasons Hotel in NewReuters - 342 words
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240 1999-02-05 15 Bloomberg [TOKYO] Sanyo Electric Co, a Japanese consumer electronics maker, said it will form a "comprehensive" alliance with Eastman Kodak Co, the world's largest photography company, to produce new flat display panels. The new panels, called organic electroluminescence display, are betterBloomberg - 240 words
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INTERNATIONAL COMPANIES
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288 1999-02-05 16 Quote attributed to 6M Europe chief 'completely incorrect' Bloomberg [ZURICH] General Motors Corp, the world's biggest carfnaker, yesterday denied a Belgian newspaper report that it's interested in an alliiuice with Bayerische Motoren Werke AG (BMW). La Libre Belgique quoted GM EuropeBloomberg - 288 words
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323 1999-02-05 16 Reuters [SAN FRANCISCO] HewlettPackard Co, best known for its computers and printers, told investors on Wednesday it wants to be known as an Internet company, too. Hewlett-Packard has folded many of its hardware and software units into a new In-ternet-focused division the biggestReuters - 323 words
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Article, Illustration663 1999-02-05 16 Hasbro wins licence to make toys based on Peanuts strip Reuters Bloomberg {SAN FRANCISCO] The yearold partnership of chip giant Intel and toy maker Mattel announced its first two products on Wednesday an electronic microscope and a video camera that both workReuters; Bloomberg; FILE PHOTO - 663 words
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155 1999-02-05 16 Bloomberg [NEW YORK] Bell Atlantic Corp, the largest US local phone company, said on Wednesday that it would consider making acquisitions this year to expand the reach of its cellular network. Lawrence Babbio, Bell Atlantic's network group chief executive, told analysts and investors atBloomberg - 155 words
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Article253 1999-02-05 16 Reuters [NEW YORK] Entertainment and media giant Time Warner said on Monday it lost US$2l4 million (*****.2 million) in the fourth quarter, primarily due to one-time expenses, but revenue increased 7 per cent, and its results were better than Wall Street expected. The company saidReuters - 253 words
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FINANCE & COMMODITIES
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326 1999-02-05 17 All stakeholders in banks, the whole economy will be hurt: bankers' association Reuters [ZURICH] Swiss banks warned on Wednesday that any further easing of neutral Switzerland's bank secrecy laws would put them at a competitive disadvantage and hurt the overall economy. "Any fundamentalReuters - 326 words
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510 1999-02-05 17 Bridge News [LONDON] The attempt by Goldman Sachs to resurrect its initial public offering is being taken seriously by Goldman staff, despite scepticism from some commentators, and is seen by some as an attempt to raise funds for the purchase of an assetBridge News - 510 words
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432 1999-02-05 17 Few int'l alliances expected amid many national mergers Reuters [LONDON] The harsh realities of overcapacity, high cost ratios, disappointing profitability and expensive technology will continue to accelerate the pace of consolidation in Europe's banking industry, analysts said on Wednesday. But while national mergersReuters - 432 words
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268 1999-02-05 18 Reuters (LONDON] The merged SG Paribas will reduce the amount of capital in its lending book by 1.2 billion euros (552.3 billion) in the first two years, vice-president Daniel Bouton said on Wednesday. Mr Bouton said this process had already beenReuters - 268 words
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556 1999-02-05 18 Chase wants a global investment bank bat analysts say no deal's in sight Reuters [NEW YORK] Chase Manhattan Corp again was rumoured to be prowling around Wall Street looking to buy a global investment bank, but analysts said a deal was not imminentReuters - 556 words
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Article, Illustration334 1999-02-05 18 Billionaire said to be behind strong demand for the metal Reuters [NEW YORK] Silver prices rose on Wednesday as rumours flew around that US billionaire Warren Buffett might be back in the market and behind the strong demand that continues to reduce metalReuters - 334 words
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199 1999-02-05 19 Bob Butcher - SBKELReports MSffl Sitigppnuft tnAw Bob Butcher THE MSCI Singapore Index tested the previous day's lows at one point in yesterday's session but the level nominally below the closely watched 200 level held forcing traders who had sold early expecting a more rewarding break to cover199 words
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161 1999-02-05 19 Juliana Loo Na Na - MSCI Taiwan (Mores Juliana Loo Na Na THE Simex MSCI Taiwan Stock Index futures contract yesterday tumbled 11.6 points, the lowest level since April 1996. This foUowed reports that that Koo Chi-yun, president of China Life Insurance Company, is facing financial difficulties. The161 words
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334 1999-02-05 19 EKERGY REPORT Reuters [LONDON] Oil prices fell here yesterday as the market saw no sign of a halt to oil flow from potential trouble spots Iraq and Nigeria. International benchmark Brent futures traded eight cents lower at US$lO.Bl a barrel inReuters - 334 words
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Article331 1999-02-05 19 AFP Reuters London THE euro sank to record lows against the US dollar yesterday amid gloom about European growth prospects but was spared a similar fate against sterling after a larger-than-expected cut in British interest rates. Expectations that the European Central Bank will leave its key money-market rateAFP; Reuters - 331 words
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Article, Illustration1142 1999-02-05 19 MTHKBAMKCEQgg KATES M c< tefc fm nr 9m m MHO** T« W 1 WQUfch No l> 0w4 Str t$ HMNrt AmtraNa 0.943 4.171 0.545 1703 1104 1*44 27.092 ***** 0.724 7.440 2.42) 183 ********** 1079 1041 0.905 20.504 ***** 0.390 0.438 MM 5.500 0.507 1047 1147 5334 ***** 57.492 0.7541,142 words
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Article1595 1999-02-05 19 SXCOM FUTURES Feb 4 ——w———— RU08ER (fatsrw dosing ts it SJOpa) l$S1 CONTRACTS CMh/kf> CteM VMWW tpM ki ik IM-L i wontn wy Hi itit nmifl wt»rwt Mar 99 n5.50 1300 117.50 517.50 f&SO 306 650 99 119.00 625 Jun 99 SUO 200 J*/S*99 ***** 975 0tf/0et99 127.75 127.75 QUO1,595 words
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Article, Illustration1315 1999-02-05 20 AFP Q Hang Seng *18y8 HONGKONG share prices rose 0.2 per cent yesterday on mild bargain hunting following overnight gains on Wall Street, dealers said. "The gains on Wall Street provided an excuse to prop up the index," said Ben Kwong at Dharmala Securities. "The market's sentiment is cautious.AFP - 1,315 words
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Article, Illustration520 1999-02-05 20 AFP Bloomberg n>Sh«izhftn B Index -LB9 SHENZHEN'S B-shares slid to historical lows as investors continued to sell ahead of the Chinese New Year. Shenzhen B-share Shenzhen Pangda Enterprise, which fell over 9 per cent, was a feature with players predicting possible corporate losses for 1998. Traders also cited ongoingAFP; Bloomberg; Source: Credit Lyonnais Securities (Asia) Ltd - 520 words
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Article353 1999-02-05 20 AFP QWP Index -228J7 TAIWAN share prices plunged 4.0 per cent yesterday on panic selling triggered by reports that a prominent politician-cum-businessman had left for the United States after issuing bounced cheques worth millions of dollars, analysts said. The Weighted Price Index fell 228.97 points to 5,514.89, posting itsAFP - 353 words
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Article2201 1999-02-05 20 totHMtt Industrials Ftk4 Peace 31 Group 620.000 *1000 AB Ports 275.000 -3.000 Abbey Nation*! 1232.140 13.140 Allied Domecg 480.000 -4.400 Allied Zurich 949.400 -6.000 Am#c 176.000 1.000 Asda Group 1S9.600 3.400 BAT Ind 610.400 5.400 BG Pic 341.400 -9.600 BtCC 77.000 -3.000 BOC Group 866.400 2.400 BR2,201 words
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Article1579 1999-02-05 20 AFP P Nikkei 225 -74.41 TOKYO share prices fell 0.5 per cent yesterday for the fourth straight daily decline but late bargain-hunting helped recoup some of the early losses on selling led by banks, brokers said. The market opened firm following a rise on Wall Street and the dollar'sAFP - 1,579 words
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KUALA LUMPUR STOCK MARKET
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Article8617 1999-02-05 21 INDUSTRIALS 1999 Last Day Nat Cap H>» Lwr Cii—awy Sin "OOP Law P/I $w« 310 290 Ajinomoto 290 )6.o t17.5 83 72.5 Anqkasa 75 1 19 76 75 110.6 263 250 Apollo Food Hlq 270 14 1 270 270 9.4 108.0 204 172 Berfaya Land 176 4 143 179 1748,617 words
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Article, Illustration428 1999-02-05 21 AFP Composite Index +8.48 SHARE prices ended 1.5 per cent higher yesterday spurred by news of Malaysia easing capital controls, dealers said. The KLSE Composite Index rose 8.48 points to finish at 577.32 while the Second Board Index rose 2.78 points toAFP - 428 words
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WARRANTS, OPTIONS & REGIONAL MARKETS
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Article1885 1999-02-05 22 BONOS, LOANS ft WARRANTS wt 52-Wk Utl W«4 Day Last Quota Avg High Lw Stno Company Sate ♦or- I OOO) Mlgh Loo) Buy.r Sailer Price 20.5 3 3160 "Acer ******1USS 12 15 12 11.5 12 13 35 4.5 3164 Acma WO***** 17.5 *1 416 17.5 16 17 17.5 17 31611,885 words
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Article214 1999-02-05 22 H0N6X0NG STOCKS Of Or Lwt Vol Day Last Ouota Olv Dtv YM Not M Cap Mt l— Stop CWUMHV U* COOP) Ht» L— Buyor S—or CV P/t >«* 5123 COt (2000) MK <00 8 14 2 20.5 7744.7 5124 Cathay Poc 20c HK_720 265 2.1 7A 6 *****.4214 words
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180 1999-02-05 22 R Sivanithy - WARRANT WATCH -By R Sivanithy SIX out of the top 10 percentage gainers yesterday are 1999 warrants, so maybe these counters are swinging back into the rotational spotlight. Unfortunately, most of them have pretty dismal numbers which make it difficult to recommend them. Of180 words
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Article246 1999-02-05 22 AFX-Asia □Wellington -106 NEW Zealand shares ended slightly lower yesterday although interest was shown in selected blue chips. The NZSE-40 Capital Index ended down 2.06 points to 2,217.76. Turnover totalled NZ5213.6 million. Tranz Rail fell 0.04 to NZ54.55 ahead of its result. Fat 4 (000) AN2 Banning 12.50 0.20AFX-Asia - 246 words
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Article, Illustration734 1999-02-05 22 AFP 71SCT Index -HUff BARGAIN hunting lifted the Thai sharemarket barely higher at the close yesterday despite concerted selling in the troubled banking sector, dealers said. Dealers said buying in selected blue-chips and smaller issues offset a third day of selling in banks and finance companies. National Finance andAFP - 734 words
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Article406 1999-02-05 22 AFP n Composite Index -118 SOUTH Korean share prices closed 0.6 per cent lower yesterday on futures-led selling, falling for the third consecutive day, dealers said. The Composite Index closed down 3.18 points to 550.15, off a low of 542.94. Volume was 132.1 million shares worth 1.2 trillion won.AFP - 406 words
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Article586 1999-02-05 22 AFP FlAflOriinarieß *2230 SHARE prices closed up 0.8 per cent yesterday as the market reached a new record close for the second time this week, brokers said. The All Ordinaries Index closed up 22.3 points at a record close of 2,940.5. The All Industrials Index jumped 42.3 points toAFP - 586 words
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Article, Illustration726 1999-02-05 22 AFP C 1 Composite Index -L 54 INDONESIAN share prices slipped 0.4 per cent yesterday amid a lack of incentives and continuing concerns over the domestic political situation, dealers said. "The underlying market sentiment has actually been bearish during this week as investors are concerned about any recurrence ofAFP - 726 words
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Article312 1999-02-05 22 AFP Q Manila -2LOB PHILIPPINES share prices closed 1.l per cent lower yesterday after investors took profits from a three-day runup. The Composite Index lost 21.08 points to 1,986.30. Turnover fell to 336 million shares worth 1.3 billion pesos from 751 million shares worth 1.44 billion pesos on Wednesday.—AFPAFP - 312 words
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6454 1999-02-05 23 Transaction datr :Ft h 4 Cr Gr M Wt 52-Wk Ust Vat Day Last Ouata Oty Mv YM Nat Cap Avg High Lew StNe Company Sale COOP) High Low Buyar Seller C'vr PJt $mll Price MULTt-MDUSTRY 142 17.5 m t 1000 Acma 50c 716,454 words
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Article1190 1999-02-05 23 52-Wk Lot VI Day Last Ouota M» Div YM Nat Cap Am Wffc l— ttw» ciw»m t* roooi mm* t— «*—r cw w >■« ww MANUFACTURING 243 30 2049 AS Auto lOc 102 517 102 94 102 103 IS N 7 13 9.6 H6.5 99 79.5 45 2051 ASJ1,190 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration326 1999-02-05 24 Stacks Votaim SembCorpI 25c 21,022.000 GES Ml lid 14,297,000 DBS Land 13,068,000 STEnggKk 8,665.000 SingTel 15c 7.625.000 Keppei Land50c 4.236.000 Asia Foodi Prop 4.062.000 Keppei LandWOO 4,026.000 MM I HWgs 10c 2,999.000 Ftextech Wt02 2.987,000 SMi SembCorpI 25c 43,300,340 OCBC Foreign 28,368,127 DBS Land 27,724,600 SingTel 15c 17,634,969 DBS Foreign326 words
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Article, Illustration586 1999-02-05 24 R Sivanithy - STOCK MSUBT COMMENTARY Recovery seen as technical bounce; market earlier shrugs off firmer Wall St, KL easing of capital curbs By R Sivanithy FOR most of yesterday's session, the local market continued to display its recent indecisiveness and nervousness while shrugging off586 words
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ON THE GRAPEVINE
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Article94 1999-02-05 24 TALK about unusual names. Well, in Hongkong, the Securities Futures Commission yesterday announced it has revoked the licence of one Demon Leung Wai Ting for misappropriating some HK$3 million (*****,400) of his clients' money. SFC said the money had been given to him to buy shares on94 words
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Article93 1999-02-05 24 THE opening day of the OECD Conference on Insurance Regulations and Supervision at Mandarin Hotel earlier this week went smoothly except for a technical hitch—the microphone went off, not once but twice within the space of 30 minutes. The first occasion was when Helena Conruyt-Angene, chairman of the93 words
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Article117 1999-02-05 24 THEY did it with not quite the real tiling. Coca-Cola Co unveiled the biggest-ever outdoor advertisement in China, a bottle-shaped sign wrapped around a 26-storey skyscraper near Shanghai's landmark People's Square. According to an AFP report, the company held a ceremony earlier this week to mark the117 words
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Article129 1999-02-05 24 IT claims to be the world's favourite television show but the producers of Baywatch pleaded poverty yesterday, approaching Australia's government for financial help in relocating Down Under. According to an AFP report, the producers have said they fell in love with Australia last year during filming129 words
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Article, Illustration52 1999-02-05 24 Wong Wei Kong - ~By Wong Wei Kong KEPPEL LAND shares closed up $0.02 yesterday at $1.65 with 4.23 million shares traded, compared with its 10-day traded average of 3.11 million units. The daily and weekly RSI and stochastics indicate that an uptrend may be forming, and this is supported by the52 words
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Page 13 Advertisements
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Advertisement50 1999-02-05 13 GiRARD-PERREGACIX poor FERRARI 250 TR r < > Stainless steel automatic chronograph. Sapphire crystal GP Girard-Perregacix Manufacture depuis 1791 Available at all authorised retailers Exclusive Distributor: jTj jj|'; BMI Pte Ltd \^-M/ Tel: 737 3786 X S^->C> Service Centre Showroom: BMI 6B Orange Grove Road association IHTERPHOffSSIOHMCLLe Tel: 737 356650 words
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Page 14 Advertisements
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Advertisement209 1999-02-05 14 Experience A Whole New Fresh and Sweet Taste of Spring,.. Grand City Fruit Pastries /#!i: come in 3 delicious flavours 9i f Iswi >PWf ry /tISSS andHoneydew. |3fn4raPf*s!l -Tb v v£j*7'* $15.00 per box of mMklMMjifftl jWoSmSSf}! 12 pieces. Less 10% for 10 to 49 boxes. U f Less 20%209 words
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Page 15 Advertisements
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Advertisement228 1999-02-05 15 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that I, WILSON TOK SU BIN of BLK 44, #07-12, Marine Crescent, Singapore *****4, have applied for a Public House, First Class Licence in respect of M/s Brew Master located at 01-06 A, 12 West228 words
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Advertisement903 1999-02-05 15 GENERAL SECURITIES INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) The Board of Directors of General Securities Investments Limited wishes to make the following announcement: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1998 Company Group Incr/ Incr/ 1998 1997 (Doer) 1998 1997 (Doer) Ss'ooo SS'OOO SS'OOO SS'OOO Operating Income903 words
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Page 16 Advertisements
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Advertisement450 1999-02-05 16 CSA CSA HOLDINGS LTD (Incorporated in the Republic of Singapore) UNCONDITIONAL CASH OFFER BY CSC COMPUTER SCIENCES INTERNATIONAL INC. (THE "OFFER") Further to the announcement on 1 February 1999, the Directors of CSA Holdings Ltd ("CSA" or the "Company") wish to inform shareholders and optionholders that Merrill Lynch (Singapore) Re450 words
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Advertisement142 1999-02-05 16 It could come back as a rocking chair. Or as the power of Pycnogenol*. H^mpVji NUVANTA Pycnogenol* Dual with exercise and a sensible Action Nutrient Is a bark extract (Set, NUVANTA Pycnogenol* helps MBSKHKf from the French maritime pine, you put the bounce back Into nuv>nta known for Its powerful142 words
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Page 17 Advertisements
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Advertisement618 1999-02-05 17 NORTHSEA OFFSHORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members of the abovenamed Company w* be held at 250 Tanjong Pagar Road, #05-01. St. Andrew's Centre. Singapore *****1618 words
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Advertisement267 1999-02-05 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF RANCHESTER INVESTMENTS PTE LTD (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the atxMenamedCompanyheUonZßJnoy ***** tbe following Resolutions were duty passed:SPECIAL RESOLUTIONS RESOLVED that the Company be wound up voluntarily pursuant to Section 290(1)(b)267 words
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Advertisement317 1999-02-05 17 NOTICE IS HEREBY GIVEN that I, CHENG KIAN HENG of Blk 347 Bukit Batok St. 34, #03-268, Singapore *****7, have applied for a Retail Beer Shop Liquor Licence in respect of M/s Cheng Kian Heng Minimart located at Blk 362 Yung An Road, #01-131, Singapore *****2, and that this application317 words
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Advertisement1272 1999-02-05 17 jjOTjCES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF GERBER CO (SINGAPORE) PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) NOTICE OF FINAL MECTNG NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap.1,272 words
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Page 18 Advertisements
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Advertisement1469 1999-02-05 18 I Reft 016 9 Rcf 022 Aniline Leather. Armchair {2388 Aniline Leather Si 188 Pony Skin $1288 2 Seat Sofa $3688. 3 Seat Sofa $4788 ■F Mahogany (Glou or Man) with Aniline Leather Reft 013 H Reft 029 (Adjustable height) H Reft 012 $1285 (Aniline Leather) $888 (Fabric) $318 Aniline1,469 words
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Advertisement461 1999-02-05 18 IN THE MATTER OF THE COMPANIES ACT, CAP. SO ANO IN THE MATTER OF NIKKO RESEARCH CENTER (SINGAPORE) PRIVATE LOTTED (In Mitin' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pureuant to Portion 290<2H b>) At an Extraordtoary General Meeting tha Company held at 77 Robinson Road 929-02 SIA Building,461 words
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Page 20 Advertisements
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Advertisement67 1999-02-05 20 MONT° Wffl Time for Love. I m A Especially since always short of time, should give ourselves gifts of time handcrafted articles that are the result of lots of time and attention to detail. Montblanc Boutiques Writing Instruments Watches Leather Jewellery Eyewear /V v rf/t J•• P (Sl*VZ' fvt a67 words
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Page 21 Advertisements
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Advertisement105 1999-02-05 21 NOTICE IS HEREBY GIVEN that I, GREGORY MAJELLA THOMAS of Blk 529 Serangoon North Ave. 4 *06-24, Singapore *****9, have applied for a Public House, First Glass (Ordinary) Licence in respect of M/s Pub Santana located at 74A Serangoon Garden Way, Singapore *****0, and that this application will hie considered105 words
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Advertisement107 1999-02-05 21 NOTICE IS HEREBY GIVEN that I, KOH NGAKTIANG of Blk 251, *14-37 Compass vale Street Singapore *****1, have applied for a Retail Liquor Shop Licence in respect of M/s Associated Liquor Distributors (S) Pte Ltd located at 501 Orchard Rd #2000 Wheelock Place Singapore *****0, and that this application will107 words
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Page 22 Advertisements
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Advertisement15 1999-02-05 22 i4 THE FULL USE OF TODAY /v THE BEST PREPARATION h> r TOMORROW 7 715 words
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Advertisement6 1999-02-05 22 Imagination V //.Vy/V IMPORTANT f/iclf! KNOWLEDGE6 words
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Page 23 Advertisements
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Advertisement44 1999-02-05 23 1 Sole Distributor Main Service Centre: I a THE SWATCH GROUP SKA. (S) PTE LTD I f\ 4MA^r;r^x d LUllgineS LONGINES Han I r*r\ l\\-£ ILadieslßrf No. L5.15M756 L/UIUC VI LQ L'ELEGANCE DU TEMPS DEPUIS 1832 A COMPANY OF THE SWATCH GROUP OF SWITZERLAND44 words
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Page 24 Advertisements
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Advertisement627 1999-02-05 24 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF SUPERMAC (SIN) CO.. PTE. LTD. (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 714, Chung Shan N. Road, Sec 5,627 words
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Advertisement642 1999-02-05 24 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF ACELTECH ASIA PTE LTD (In Mwnbiw' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members ot the abovenamed Company duly convened and held at Blk 33 Marsiling Industrial Estate Road 3 Woodlands642 words
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Advertisement458 1999-02-05 24 MABFHTMOOD H MIXED Market mood indicates likely trading sentiment today baaed on broken polled at 54pm yesterday Overnight events may alter sentiments. Brokers polled: ING Barings. Phillip. Credit Lyonnals Securities. Daiwa. Fraser. CK Goh. Kay Hum. Morgan Gren/eU. SG Warburg. Nomura. Merrill Lynch Take control of your investments. Call DBS458 words
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Advertisement609 1999-02-05 24 In The Matter of The Companies Act Cap. 30 And In The Matter of Mrtisa Trading Pit Ltd (In Voluntary Liquidation) Members' Voluntary Winding Up At an Extraordinary General Meeting of the Members of the above named Company duly convened and held at Blk 712 Ang Mo Kio Avenue 6609 words
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Advertisement712 1999-02-05 24 In The Maner of The Companies Act Cap 50 And In The Matter of Interbrew Distribution Pie Ltd (In Voluntary Liquidation) Members' Voluntary Winding Up At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at Blk 712 Ang Mo Kio Avenue 6 #04-4056712 words
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Advertisement570 1999-02-05 24 In The Matter of The Companies Act Cap. 50 And In The Matter of QBS System Pte Lid (In Voluntary Liquidation) Members Voluntary Winding Up Al an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at Blk 712 Ang Mo Kio Avenue 6 #04-4056570 words
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Advertisement496 1999-02-05 24 NOTICE IS HEREBY GIVEN that I.YUANG SOMCHUA of 17-G Jalan Hock Chyc, Singapore *****1, have applied for a 2nd Class Public House Licence in respect of M/s Diandin Leluk Thai Restaurant Pte Ltd located at 290 Orchard Rd #05-34/35 Paragon Singapore *****9, and that this application will be considered by496 words
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Advertisement352 1999-02-05 24 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF SHOOKLIN INVESTMENTS PRIVATE LIMITED (In Members Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. SO. the Final Meeting of the members of the abovenamed352 words
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Page 25 Advertisements
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Advertisement236 1999-02-05 25 Epicure Pineapple treats to die for EL 8 H IR&k > %ife^ JL >ai£ FflNiJK^H^Hl^B *V y <7? v" Ji SllfcJ Bifev l *-*-s r VI^BH^MI^B SIEW YAW HOONC Helpful or harmful? The health supplements market is exploding as more people believe in the efficacy of herbal-based remedies. But do236 words
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Advertisement7 1999-02-05 25 Legendary Jl landscapes B of Jordan Ib.7 words
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EXECUTIVE Lifestyle
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ENTERTAINMENT
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STRAWS In The Wind
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Article59 1999-02-05 26 SO who says elderly people can't rock? We recently received this press advisory to say that the Tiong Bahru Befriender Service was inviting 160 senior citizens to a Chinese New Year reunion lunch and to learn about road safety at Zouk Discotheque. Wonder if any59 words
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Article67 1999-02-05 26 Here's a thought for the day: "Happiness is like a crystal ball. When it is broken into a thousand pieces, some people would get more, some people would get less. Some people might even get hurt in the process." Here's our question: wouldn't the ones who don't67 words
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Article171 1999-02-05 26 Ask, and it shall be delivered unto you. One motorist went to her favourite petrol station and bought a bag of Flying Man rice. On opening it, she found that she had won two bags of sugar and promptly went back to claim her prize.171 words
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Article43 1999-02-05 26 Quote of the week goes to Charles Wang, founding chairman of US software company, Computer Associates. He opened a convention here with this line: "Of the many conferences I have had to speak in, this is the most recent."43 words
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Article33 1999-02-05 26 Here's what David Letterman had to say about the Pope's recent visit to St Louis: "After Clinton met with Pope John Paul II, the Pope was immediately subpoenaed by Henry Hyde."33 words
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Article, Illustration857 1999-02-05 26 Parvathi Nayar - THEATRE Malaysia's Jit Mnrad has revived his play, Gold Bain And Hailstones, for the Singapore audience liy Parvathi Nayar THERE'S some peculiar weather headed for Singapore next week from Kuala Lumpur called Gold Rain And Hailstones. Promising turbulence and sparkle, this comedy by Jit857 words
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Article, Illustration541 1999-02-05 26 Susan Tsang - CINEMA The Misadventures Of Margaret has a weak script, with lots of male nudity thrown in to make np for it By Susan Tsang THE Misadventures Of Margaret bills itself as a comedy of sexual manners, with a fairly respectable cast of indie film541 words
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Article, Illustration609 1999-02-05 26 Susan Tsang - CINEMA Too much soul-searching on politics and human rights takes the tension ont of The Siege By I Susan Tsang THE SIEGE begins as an action thriller, with a terrorist group setting off bombs in New York city, and an FBI team, led609 words
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VIEWPOINT
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792 1999-02-05 27 Jaime Ee - Off the cuff We don't have a Chinatown in the true sense any more. In a way, it has re-invented itself, albeit not in the way we may have liked by Jaime Ee PLEASE don't shoot me. But I always thought792 words
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Article, Illustration1602 1999-02-05 27 IRENE and Joseph Low wake up every morning to a mini cocktail of health supplements. Before they even brush their teeth, the forty-something couple pop their Barley Green capsules. "Our doctor friend says they work best on an empty stomach, when you first wake up." AfterSIEW YAW HOONG - 1,602 words
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TRENDS
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Article, Illustration891 1999-02-05 28 DOUGLAS MARTIN - Entrepreneurs in the US are furiously coming up with special merchandise to milk Year 2000 for profits, reports douglas martin DOUGLAS MARTIN NYT AS time marches relentlessly towards history's biggest New Year's celebration at least, its most outrageously promoted entrepreneurs are a step ahead, figuring angles toNYT; FILE PHOTO - 891 words
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Article, Illustration685 1999-02-05 28 Andrew Wee - PRODUCT REVIEW It gives music buffo the freedom to compile their own playlists By* Andrew Wee Trends for 1999 What's cool: Logging on the Internet and tuning in to KROC, a hip radio station in Los Angeles. What's cooler: Downloading songs from an artist's yet-to-be-released albumSIEW YAW HOONG - 685 words
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STYLE
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Article, Illustration779 1999-02-05 29 JAIME EE - The upmarket store is focusing mainly on commercial projects and the occasional walk-in customer, reports jaime ee JAIME EE Before there was X-Tra, Cream or Limited Edition, there was Abraxas. If you were anyone with a modicum of style back in the late 80's, the Abraxas store inPHOTOS BY CHRIS LOH - 779 words
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Article385 1999-02-05 29 Jaime Ee - Its Paragon outlet offers a fairly wide range of furniture and knick knacks By, Jaime Ee WHILE it hasn't died and come back to life, XZQT has made a fairly drastic change by going downtown. XZQT it takes a while to figure out that the385 words
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MOTORING
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Article, Illustration871 1999-02-05 29 CHRISTOPHER TAN - The new Opel Astra's safety features are worth checking out says Christopher tax CHRISTOPHER TAN ONE of the first things you'd notice about the new Astra from Opel is its build quality, and how far it has come in that respect. Unlike its predecessor, theFILE PHOTO - 871 words
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LEISURE
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Article, Illustration471 1999-02-05 30 Parvathi Nayar - Compiled by Parvathi Nayar MUSIC Singapore Symphony Orchestra The magical world of Tchaikovsky's ballet music never fails to enchant, excite and engage the senses. Programme includes Swan Lake, Sleeping Beauty and The Nutcracker. Shui Lan conducts. Feb 5 6, 8.15pm at Victoria Concert Hall. Tickets: $35, $25, $18,471 words
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Article, Illustration759 1999-02-05 30 PARVATHI NAYAR - If Lmrhad only been a meal for the eyes, one would have come away well-satisfied, but as a piece of theatre, parvathi mayar expects more PARVATHI NAYAR Along time ago, a man wrote a play that managed in the same breath to talk of kings and759 words
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Article, Illustration685 1999-02-05 31 Bride Of Chucky. In this sequel, the killer doll gets a girlfriend. Choa Chu Kang, Jurong, Century. A Bug's Life. Animated take on the life of ants. Orchard, Eastpoint. The Corruptor. Cops and robbers flick that pairs up Chow Yun Fat with Mark Wahlberg and lots of edge-of-the-seat action.685 words
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Article116 1999-02-05 31 Cathay Org Cathay 338-3400 Eastshore346-78/6 Orchard 235-8386 Picturehouse 338-3400 I Yangtze 223-7529 Eng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Golden Village 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina Tampines 8 Tiong Bahru Yishun Overseas Movie Clementi/Co'wealtt) 777-0669 Golden/New116 words
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EPICURE
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Article, Illustration893 1999-02-05 32 TAN SU YEN - It's that time of the year when the jam-filled tart makes its appearance, tam su ten puts some of them to the test TAN SU YEN LOVE letters toasting on an open charcoal burner used to signal the coming of the Lunar New Year inCHRIS LOH - 893 words
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Article, Illustration495 1999-02-05 32 Parwathi Nayar - WINE For a different culinary experience, serve the festive food with exquisite French wines By: Parwathi Nayar IN preparation for the upcoming Chinese New Year festivities, Singaporeans the island over are planning all manner of sumptuous Chinese fare. If you are looking for495 words
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Article, Illustration939 1999-02-05 32 Tan Su Yen - RESTAURANT Shnnde's best offerings of home-style Cantonese fare are found in its dinner menn By 1 Tan Su Yen THE recession has been hardest on Chinese restaurants. Now that there's less money from property and stocks sloshing around the system, many have beenCHRIS LOH - 939 words
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Article, Illustration353 1999-02-05 32 CRAVINGS WE'RE barely two weeks away from the Lunar New Year and if you're not up to an at-home reunion dinner, consider a meal at Plaza Parkroyal's newly-renovated Si Chuan Dou Hua Seafood Restaurant. The restaurant has come up with a variety of353 words
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Article, Illustration161 1999-02-05 32 IF you've abandoned grand schemes of making your own pineapple tarts and are still casting about for gifts for friends and relatives this Lunar New Year, most hotels now have Lunar New Year gift counters. Goodwood Park Hotel's New Year gift counter is located in the foyer161 words
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Article111 1999-02-05 32 Tan Su Yen - Compiled by Tan Su Yen AND if you must have mandarin oranges to amnsp yourself over the holidays, there's no need to brave the crowds in Chinatown. Cold Storage sells them in decorative baskets called, surprise, surprise, Prosperity Basket at $28.80. Or ham it up with the extended111 words
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TRAVEL
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Article, Illustration1313 1999-02-05 33 STEWART DALBY - Ancient Petra, almost forgotten for hundreds of years, is now a hive of tourist activity- stewart daisy visits Jordan's pink city STEWART DALBY FT PETRA, the fabled and incredible city of antiquity in what is now modern Jordan, reached its peak in the fourth century BC when NabataeanFT; FILE PHOTOS - 1,313 words
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Page 26 Advertisements
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Advertisement20 1999-02-05 26 liJu't |H Imw? I ml it in Cats' Mews! Catch Cat*' Mt«s it Sodif Cltttifiri tkii mtkiri. J CATS. I20 words
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Page 26 Miscellaneous
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Miscellaneous342 1999-02-05 26 CRYPTIC CROSSWORD ACROSS r, i "c —MMg— i. i i t- i l, i 1 I k I 4 I 5 5 7 1 Old cobbler who puts on airs 3 Disenchanted with playing JML_HH__ golf? How disturbing! (3-7) 3 I I I I I 8 Charm a stubborn chap342 words
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Page 27 Advertisements
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Advertisement19 1999-02-05 27 Was Prabowojust a fall guy? j Comt "srrrsrnSE **'i nftr. Wednesdays Asian View by Yang Razali Kassim TheßusinessTimes sinoapohb19 words
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Page 28 Advertisements
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Advertisement127 1999-02-05 28 km iii TO OWN AN EXCLUSIVE APARTMENT IN THE PRIME OF D.lO JC Drayco;y m .< n > The Preferred Locale For Fine Living 'I 11 v Owning a luxury home in the prime District 10 is now a dream No f| we can realise. JC Draycott offers a rare127 words
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Advertisement66 1999-02-05 28 I LION CITY HOTEL THE SENSIBLE HOTEL Comfort Convenience Affordable Sid Superior Room Fall day rot# Day use rote 1 2p«n-7p«n Night mm rat* 7pm- 3am 3 mins waft to MKT Station 15 mms drive to Changi Airport 10 mins drive to (10, World Trode Centre, Suntec Qty and Orchard66 words
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Page 30 Advertisements
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Advertisement182 1999-02-05 30 tttiha J Presented j DlUCrs Club Offers Personalised Cash Access to appty, cai: Where to wine 9 dine snd entertain. at over 30,000 locations worldwide. 290 4545 Every Saturday and Sunday pamper yourself from as early as 12.00pm to our sumptuous High Tea Buffet of popular Asian and Western sweets182 words
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Advertisement221 1999-02-05 30 CeieoMte re last century with De Grand < CHINESE NEW YEAR SPECIAL *3 j| From 16 Feb 99 -28 Feb '99 SET LUNCH-$9.80 NETT (11AM-3PM) fl| SET DINNER 10.80 NETT (SPM 10PM) Thai style claypot red curry chtcken with pineapple Spanish pork nbs with garlic sauce claypot j Claypot fried221 words
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Advertisement126 1999-02-05 30 The freshest seafood dishes provide a delightful dining experience. Juicy cold Oysters, Prawns and Green Mussels on ice. Baked Slipper Lobster with Butter and Garlic. Delicious Roclc Crab with Tang Hoon, Spring Onions and Ginger. Just to name a few. Only $28.00 for adults and $14.00 for children. Children dine126 words
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Advertisement124 1999-02-05 30 VV\GHTBa t ytii* NMII flSfttMHftNl Stilt HIS Every Saturday, Sunday 8f Public Holiday iQP Noon to 5.00pm Adult: $23 Revolving Child: $15+++ 59th floor Reservations: *****58/88 —35— Manetarin Singapore 333 Orchard Road, Singapore *****7. Tel: *****11 I KwrtoH- *H> CrOSSrOaAs C*£g 11 30*u* 230ft*\ The Singapore Marriott Hotel is famous124 words
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Page 31 Miscellaneous
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Miscellaneous2177 1999-02-05 31 TODAY'S TV Premiere 12 300 CDIS RECOMMENDED YlcwulO 230 PM TV Innovations 400 Dimens Musik. 4.00 Kidz Blitz: Sesame Semarak Dangdut. r oi'io nrnm who becomes 12-year-old street. 5-00 Mimk-Muzik. u piuiii NickStahl steacherThis s<oo Kidzßlitz;Sam Max w^i.iwan rjopf nnr> rocnortahlo IQQQ 5 30 Kidz Blitz: The Wubbu Kawan Haiwan.2,177 words
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Page 33 Advertisements
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Advertisement222 1999-02-05 33 I I wish I This has to be a golfer's I ultimate fantasy play to I your heart's content at the I renowned Jack Nicklaus I Seaview Course and the I lan Baker-Finch Woodlands I Course. What's more, it's I just a 45-minute ferry I ride away. So bring your222 words
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Page 34 Advertisements
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Advertisement5 1999-02-05 34 Strait Talk THEBIMNKSTnBS Shipping Times5 words
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EXECUTIVE MONEY
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PERSONAL INVESTMENT
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BULL'S EYE
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Article, Illustration537 1999-02-05 34 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, Fraser, GK Goh, ING Barings, Kay Hian, Kim Eng, Merrill Lynch. SembCorp Industries ♦(Buy) Fraser-AMMB Research, Feb 3, $2.24 SCI announced a $419.5 million deliberate write-down in the value of its537 words
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Article, Illustration447 1999-02-05 34 HE rally in the SinI gapore market X which started in September last year has surprised many in terms of speed and magnitude. The recent slowdown in positive news flow, the Brazilian devaluation and concerns over the Chinese yuan have set it back, but we are still447 words
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Article, Illustration1001 1999-02-05 34 Louis Beckerling - More local firms DBS Land the latest are issuing ADRs to woo US investors By\ Louis Beckerling SINGAPORE companies are joining a growing queue of candidates around the region who hope to raise their profiles in the US investor market by issuing AmericanFILE PHOTO - 1,001 words
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Article, Illustration1058 1999-02-05 34 CONRAD RAJ - Despite varied forecasts of the group's first loss since '85, nearly all analysts agree that its revamp would bear fruit in the current year, with consensus net earnings expected at $161.2 million, comrad raj reports CONRAD RAJ Keppel Corporation should emerge aFILE PHOTO - 1,058 words
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UNIT TRUSTS
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Article, Illustration858 1999-02-05 35 GENEVIEVE CUA - But investors need to do some homework before taking the plunge, such as checking track records and fact sheets of funds which invest in the region, obnbvibvb ctja takes you through the process GENEVIEVE CUA Asian stock markets staged a spectacular rebound in the lastFILE PHOTOS; FILE PHOTO - 858 words
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Article, Illustration778 1999-02-05 35 Shiv Taneja - With change of owner, fund manager has chance to offer diversified products, good performance Ry\ Shiv Taneja INVESTMENT manager Nicholas Applegate Capital Management is in the spotlight yet again. A year and a half after the Asian fund management operator was sold by French778 words
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Article282 1999-02-05 35 UNIT TRUST/SECTOR (6 MONTHS 31JUI98-29JAN99) CHANGE RANK B«*t P»rform«rs Templeton IF Korean/Korea EQ 55.72 1 OCBC Savers Korea/Korea EQ 54.85 Y" Templeton IF Thailand/Thailand EQ 49.48 3 Schroder Singapore Trust/ Singapore EQ* 45.39 4 UOB United Global Tech/Tech Global 44.34 5 Worst P*rform«rs DBS Shenton282 words
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662 1999-02-05 35 Ben Fok - A unit trust specialist helps save time, minimise risks in choice of fond By. Ben Fok The writer is a manager and fund specialist with Fraser Securities. DO you know that your investment choices today include more than a hundred unit trusts? Do662 words
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Article, Illustration317 1999-02-05 35 Compiled by BT Investment objective To seek long-term capital growth by investing in stocks on the Stock Exchange of Thailand (SET) and other companies with significant exposure to Thailand. Investment style A bottom-up, value-based approach to stock selection. Market outlook The key to Thailand's long-term development will beCompiled by BT; Source: - 317 words
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RESIDENTIAL PROPERTY
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Article, Illustration1295 1999-02-05 36 Four Seasons Park, Spring Grove and Regency Park top list in terms of rentals and popularity WITH investors of residential property facing their toughest time in a decade, are there still properties that are easy to rent out? Property agents cite a handful inFILE PHOTO - 1,295 words
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Article, Illustration955 1999-02-05 37 Ang Wan May - Abundance of units helps lower prices from over $750 psf to $500-$570 psf today By. Ang Wan May ONCE teeming with industrial buildings, the Hillview area in Upper Bukit Timah has been transformed over the last decade into a residential area chockful ofFILE PHOTO; JEN CHUA - 955 words
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Article, Illustration797 1999-02-05 37 CORINNE KERK - Only 2 among the top 10 best-selling private projects in 1998 were priced above $500 psf. COSIMME KERK gives a rundown CORINNE KERK CUT prices to move sales. That seems to be the strategy that worked for the top-selling private residential projects in 1998. OfFILE PHOTO - 797 words
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PERSONAL FINANCE
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Article, Illustration1094 1999-02-05 38 VEN SREENIVASAN - It was hailed as an innovative plan when it was launched, but in today's weaker market, should car owners continue with the plan? vek hkhhnivasam looks into the details VEN SREENIVASAN IT HAS been two years since Performance Motors took theFILE PHOTO - 1,094 words
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587 1999-02-05 38 IT will come as a big relief to a large number of Singaporeans that they can now use their savings in their CPF Special Account to pay for any mortgage shortfall following the 10 percentage point cut in the CPF contribution rate. But there587 words
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Article255 1999-02-05 38 COMPASS AMOUNT l MjMBHi 6 MONTHS tMOWTHB 1J MONTHS C|t,b ank Uptp ***** 1.6875 1.8125 2.0625 2.1250 2 4375 *****-*****0 2.0000 2.2500 2.4375 2.4375 3 0000 0BS 1.0000 1.2500 1.7500 1.7500 2.0000 *****-*****0 1 0000 1.5000 1.7500 1.8750 2.0000 Hong Leong Rnance Up to ***** 1.7500 2.0625 2.1875 2.2500 2255 words
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1187 1999-02-05 38 wport amount 1-<tth 3-m<h 6-nrth Deport imount 1-mth 3-mtti g^mh A$ AS AM 000 A49 999 Iomo 4 1MO 1 ]2X 25 000 74 999 3 6875 3 6250 3 6250 A49.999 4 0900 4 1000 4 10001,187 words
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OPINION
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Article, Illustration796 1999-02-05 39 Louis Beckerling - THE FIIVBR POUT Zn these uncertain times, investors appear to let their hearts rule tbeir heads By Louis Beckerling THE slide of around 50 points in the Straits Times Index so far this week has wiped away the last traces of the heady frothSource: Datastream - 796 words
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Article101 1999-02-05 39 IT has been four weeks since we launched Executive Money comprising seven pages of news, views and features on matters that concern you and your finances. We'd like to hear from you on what you think about the new section, and the topics you101 words
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Article, Illustration1168 1999-02-05 39 Brad Prentice - A look at how firms can mawi g fl business travel more effectively By. Brad Prentice The writer is American Express director of corporate services in South Asia WHY is business travel and related expense management a subject that is now appearing on theFILE PHOTO - 1,168 words
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Page 36 Advertisements
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Advertisement201 1999-02-05 36 1 1 first of jf I I I ill <3 I fc EHKlffli 1 BffJ I'lifi 4 t ~q i^^BBI m■ Ml Ik 2 Hfl auwr w J*u^s^^M 3 BiMffrgl pxkRK m py E fl p i H H I HfWffHWfJi I I IH IJ NHI |A 1 ■ft A4O201 words
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Page 37 Advertisements
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Advertisement21 1999-02-05 37 Classified First. hxikingfor a holiday destination? Or simply getting away from it all? Top of your itinerary Check Classified First. |CAX&21 words
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Page 39 Advertisements
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Page 40 Advertisements
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Advertisement123 1999-02-05 40 Investment Keppel Corp outlook EM 10 P**W g i! i >• m& J Vv w£ Kj *"ij >' ''7- yai ?r* :,.Jp gWI IJ^| We Can GiveYou The Inside Story On Health Care Investments. ACM Investment Funds INTERNATIONAL HEALTH CARE PORTFOLIO Investing For Growth In The World's wm Expanding Health123 words
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Advertisement15 1999-02-05 40 'frg rElft Sll Hill view homes: -Sj buyers receptive to price cuts ■■IKIH EM 1315 words
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SHIPPING TIMES
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Article320 1999-02-05 41 Bridge News Reuter THERE was some talk of some slightly higher rates being paid to nearby Panamax tonnage in the US Gulf, but details were sketchy. However, the higher rates appear to be positional and no long term trend is indicated. TANIQIK& The flurry in activity for WestBridge News; Reuter - 320 words
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Article241 1999-02-05 41 W4 *b CWT OMributtan 0A29 *0.02 66 ChuanHup 0565 *0.01 76 Cosca Invaatmant .047 undi 13 FraMMUnks Ot7 unch 1095 Cewwnie 0.38 unch M Hoi Sun Hup 044S *0.015 15« HKacMZoMfi 0.79 IMCHoMtafi—HK 5.60 Jpylla«n» 0.505 *0.005 52 Jutom SMpyar6_ 6.90 *0J0 91 KapppiCarp 190 *004 2090 Kappa<FCLS241 words
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Article, Illustration418 1999-02-05 41 Marcus Hand - From Jnne 1,2000, their use is prohibited in western sector of port at night By. Marcus Hand [SINGAPORE] The Maritime Port Authority of Singapore (MPA) is restricting the use of line-towed barges at night in the western sector of the port following aSource: MPA - 418 words
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304 1999-02-05 41 Diana Oon Abdullah - Froml Diana Oon Abdullah in Kuala Lumpur MALAYSIA will not impose any fee or levy on ships using the Straits of Malacca, Transport Minister Ling Liong Sik said yesterday. He said that this was in keeping with international maritime rules304 words
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612 1999-02-05 41 Selva Kumar - ADMIRALTY CASEBOOK Ry Selva Kumar A CHARTERER which called off a time charterparty because the owner had not provided the agreed amount of fUel has been told that it cannot resort to the "draconian remedy of cancellation". Instead both the612 words
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397 1999-02-05 41 George Joseph - George Joseph [SINGAPORE] The alleged mastermind behind a piracy syndicate in Asian waters appears not to be a Singaporean after all, as reported by the Indonesian media. Responding to queries from Shipping Times, a Singapore Police spokesman said yesterday that the 56-year-old397 words
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Article231 1999-02-05 41 AFP [SYDNEY] A Singaporeflagged vessel tagged a "ship of shame" by unionists was detained in Sydney Harbour yesterday after it was claimed crew members were crammed nine to a cabin in filthy conditions. An International Transport Workers' Federation (ITF) delegate inspected the Ocean Mercury lateAFP - 231 words
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Article, Illustration730 1999-02-05 42 FIGHTING PIRACY Region has the will but needs a more concerted approach if it wants to win the fight against piracy Reuters ASIA has the will to combat piracy but is unlikely to ever wipe it out until nations adopt a more concerted approach, aReuters; FILE PHOTO - 730 words
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Article337 1999-02-05 42 PAGE Foonq Sun 8 ANL 3 Froti K Accord 8 Frt Links 14 Ahrenkiel 12 CLmk 4 Appenship 5 CwMftrjns 8 Austral 8 Genshpg 12 Avant 14 Glory Nay 14 B'tang Mas 8 HaiSunHup 8 BSA 7 Hangli 7 BTL 14 Hanjin 3 Balaji Shpq 4 Heung-A337 words
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Article16707 1999-02-05 49 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage 7elephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number s N s 1 > 16/02 27/03 CSAV IRIS 002N 65-*****55 To ABIDJAN (ABJ) 2003 Cot* D'I voire */02 o7/o« nvk16,707 words
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SHIPS IN PORT
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Article782 1999-02-05 55 Vessel Voy No B«rth Arrival Departure Lucky 03/99 J02 alongside 05 02/2300 Bmtan Bam *****9 J03 alongside 04.02/2300 Bt Aneka Kar *****9 J01 alongside 04.02/1700 Bt Dewt Mas *****9 J01 alongside 04.02/1800 Bt Hanoi Jay *****9 J01 alongside 05.02/0100 Bt Mushka *****9 J01 alongside 05 02/0800 Bt Putra782 words
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Article1742 1999-02-05 55 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofcinq/Btlancc Rstlf Ship Voy No Etb/Btr Ported From To From 4*1 02/99 04/1200 I* 04/1500 04/1*59 04/1900 04/1500 04/H59 04/1900 IA 04/1700 05/0459 05/0900 21 04/1700 05/0459 05/0900 J 05/0700 05/1159 05,-400 4 05/1200 05/1459 05/1700 IMHtli 837SN 077ndb U1,742 words
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Article224 1999-02-05 55 Feb IS China: Chinese New Year Eve. Taiwan: Chinese New Year Eve. United States: Washington's Birthday Holiday. Fab IS Brunei: Chinese New Year. China: Chinese New Year. Portugal- Carnival. Singapore: Chinese New Year. South Korea: Chinese New Year. Taiwan: Chinese New Year. Feb 17 China: Chinese New Year.224 words
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Article734 1999-02-05 55 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the734 words
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Article416 1999-02-05 55 M ISO 994.8 LO 16.6 0.10 127 0.06 Zl OwritT Wbtoc »wMt Art At—Hl« Slfcwt No above £25 2 0 0 2 0 Jm/* 380 Ave 988 5 0.3 6.1 0.07 26 0.02 Cum 380 Mai 993.J 15 19.8 0.12 54 0.07 M/Ir) »M/M WW nmt416 words
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AIR & LAND TRANSPORT NEWS
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Article, Illustration521 1999-02-05 56 US aviation agency wants inspection of aircraft to be completed by mid-April AFP Reuters [BEßN] Swissair has been ordered by the Federal Aviation Authority (FAA) to check its entire fleet of McDonnell Douglas MD-11 aircraft by mid-April, the airline said. The FAAAFP; Reuters; FILE PHOTO - 521 words
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159 1999-02-05 56 AFP [SYDNEY] Ansett Australia is to share codes with All Nippon Airways of Japan and upgrade its international fleet by leasing two Boeing 747-400 aircraft from Singapore Airlines. Ansett said yesterday it had reached a code sharing agreement with All NipponAFP - 159 words
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90 1999-02-05 56 Reuters [MOSCOW] The head of Russian flagship carrier Aeroflot sacked two top managers and ordered an audit of key departments on Wednesday, a spokesman said. Chief executive Valery Okulov fired commercial vice-president and sales manager Alexander Krasnenker and director of airfreight sales Leonid Itskov, the spokesmanReuters - 90 words
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Article, Illustration712 1999-02-05 56 Sales up only 4% while many rivals have reported double-digit increases NYT [DETROIT] As many of its competitors reported doubledigit sales increases, the General Motors Corp said that January sales rose a scant 4 per cent compared with exceptionally weak sales in the month aNYT; FILE PHOTO - 712 words
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Article, Illustration79 1999-02-05 56 [BANGKOK] Models displaying the new Toyota Corolla Altis during the Thai launch of the sedan car which feature< reinforced body structure providing extra safety for drivers and passengers. Toyota is launching its new car in Thailand although vehicle sales for 1998 plummeted 60.3 per centAFP - 79 words
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Article455 1999-02-05 56 Cs2om loss due to higher costs, pilots strike Bloomberg [MONTREAL] Air Canada, the nation's largest airline, posted a fourth-quarter loss as costs rose and it cut fares in a move to recover passengers driven away last year by a pilots strike. The Montreal-based companyBloomberg - 455 words
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LOG Book
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52 1999-02-05 56 AFX-Asia [JAKARTA] PT Garuda Indonesia has appointed Swissair to supply spare parts for its 45 aircraft, company operations director Rudy Hardiono reportedly said. Bisnis Indonesia cited Mr Hardiono as saying that a one-year contract for the supply of spare parts supply will be signed thisAFX-Asia - 52 words
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56 1999-02-05 56 Reuters [LONDON] The number of passengers travelling in premium class on the UK's British Airways in January was down 1.1 per cent, compared with January 1998, the company said. This compares with a year-on-year decline in premium traffic in December of 3.6 per cent.Reuters - 56 words
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Article74 1999-02-05 56 Bridge News [Brussels] The EU Commission announced it is opening a ftill investigation in the proposed merger of Dutch national airline KoninklijkeLuchtvaart MIJ (KLM) and Martinair. The full investigation, which could take up to four months, is an in-depth phase of an EU merger assessmentBridge News - 74 words
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Article1638 1999-02-05 56 CH FU6MT ETA FUCHT CTD M***** 2359 «*W* AN8230 1920 $***** 23M 2™ F sow ms sowo quo r-r-:- C»»«<rto«WC $0803 1915 C2354 0910 kmXTtm NZ4327 0800 KLS44 0105 S0804 WIS GA973 W05 "$0328 2320 H #< UK) VK742 0905 ss sag A*U*d N***** 2030 N242S51,638 words
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Page 41 Advertisements
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Advertisement28 1999-02-05 41 lighting piracy: Ada urged to combine forces Region has the will but needs a more concerted approach if it wants to win the fight against piracy. Page 228 words
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Advertisement52 1999-02-05 41 BVLGARI ALUMINIUM Spirit of innovation hb^'' In aluminium, rubber and steel. Automatic or quartz movement. Available in three sizei. From SS 2.000 Available in Singapore at Bvlgari, Hilton Hotel 737 1652 Takashimaya Department Store 735 6689 and: Dickion Watch Jewellery. The Promenade 732 8900 Ccntrepoint 734 5822 Suntec City Mall52 words
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Advertisement22 1999-02-05 41 Swissair ordered to check wiring on MD-11 fleet US aviation agency wants inspection of aircraft to be completed by mid-April. Back Page22 words
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Page 42 Advertisements
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Advertisement1014 1999-02-05 42 I NORTH AMERICA j EXPORT "1 1 OTHER DESTINATIONS i I SSX SUPER SHUTTLE EXPRESS DIRECT TO LA WEST COAST Of CENTRAL AMERICA (MARGARITA SERVICE) I WW Mi Ml HOD OK NT WKOOTY VTSSa I VQT 1jn551 *""TIA ijjjjTljjjjjjg qmnp I Z rum H MHMIWIWII I STI mcES"" mZ JJ/Jj1,014 words
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Advertisement576 1999-02-05 42 Ljnes 4 services representee r®®®-) Members o* Registry at Accredited Shippog Agents Singapore Shipping Association Members of the Singapore Freight Forwarders Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBUIK PROJECT CARGO TO DAMPIER/FREMANTLE (MONTHLY SERVICE) MV "TBN" ETA SIN 25/02/99 BOOKINGS CALL HOMKA/at UNO TEL 323 4374 CONTAINERS/CONVENTIONAL CARGO FROM576 words
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Page 43 Advertisements
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Advertisement1111 1999-02-05 43 TO EUROPE FROM EUROPE rasa vor swiwwHMwvsfliißTia vcsa vot rtm urn ham wv sou ht um mm NOtPURI 007W 08/02 25/02 27/02 02/03 24/02 NOlAGfll 01 Of 14/01 16/01 19/01 13/01 M/ 02 DANUOf 54JW 11/02 04/03 03/03 04/03 01/03 NOICOtAI 0051 17/01 14/01 22/01 23/01 04/02 TT* 526W 12/021,111 words
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Advertisement1417 1999-02-05 44 DSR-SENATOR LINES TO UK/CONTINENT TO MEDnERRANEANCiANADA vov si Ltn w hw hv fu vtwti voy TST" on tn mt vie wry HANJM DALIAN WOM7 2101 1182 »K 17 M lIM IB 02 SHANGHAI SCNATOM WMM7 2* (1 14 82 IBM UK IB V B MEMUMTAfI WOIM Mil 21 82 221,417 words
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Advertisement1230 1999-02-05 45 HgHi «N PKG pen pqb dub "dam shj ba bik !2fi! ll'iMiSl 09/02 18/02 19/02 20/02 22/02 24/02 PJCI32B 13/02 22/02 23/02 24/02 26/02 28/02 WL1336 22/02 03/03 04/03 08/03 07/03 o®/03 IRAN SATTARI PJLI334 01/03 10/03 11/03 12/03 14/03 16/03 |IBAM BABAEI PJLI333 08/03 17/03 18/03 10/03 21/03 23/031,230 words
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Advertisement1170 1999-02-05 46 EUROPEAiK/SCAWDtWAVIA/FUMJWD/BUSSIA SGP ROM ANW HBG TOP ZEE LHV LHV THP ROM ANW HBG PKL SGP f122 22? 2£ 01/03 03/03 E RESULT RE-823 14/01 16*1 IMI 17*1 10*1 11*2 12*2 I s"i®® IMS !52? 08/03 04/63 IMa E "ENOWH RE 032 21/02 23/01 22*1 24*1 20*1 IMI2 19*2 E. DYNAMIC1,170 words
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Advertisement451 1999-02-05 47 BSfl i. M MYANMA pBBk FIVE STAR LINE (Myoßmar Notional Line) Loading for Yangon (Raagoon) vissa vor sin pri pen pgu HPA-AN 2S4W si* MOMG-U 20W 07/02 MALAYSIA AGtHTS: OOUSTIAO SHTfWG AGENCIES RUL m (03)*****00 MIL TH (03) 37M101 PEN: TH (04)2****** PGth TH (07)*****21/4 BANK LINE (A ttrvitt of451 words
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Advertisement989 1999-02-05 47 V norwegion specialized oufcxomerc Gto)§(o]G Wilhelmsen Lines TO NORTH AND LATIN AMERICA "RORO HEAVYUFT SERVICE" VESSEL VQY RAMP HUGHT SIM LAX CRL MIA SAV OAL Off NYC NEW Mpj T AMPERE F904 400 Tom 6.3 M M/ 02 M/ 03 ***** fI7oT 20/03 ~2270T2370r 24/03 W7oT 3070T" IEXAS F905 4001989 words
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Advertisement2089 1999-02-05 48 BANGKOK/MAP TA PHUT/LAIM CM ABA WO I JAKARTA/PAN J A NO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT [~~PJN MATHU BHUM 401N 00/02 10/02 09/02 ANRO JAYAKARTA' 073 08/02 09/02 YANTRABHUM" 278N 07/02 10/02 11/02 AKA BHUM 3306 06/02 10/02 CHANA BHUM" SBN 06/02 12/02 ACX JADE*2,089 words
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Advertisement18 1999-02-05 48 CONTAINER SERVICE TO APIA VAVAU NUKUALOFA PAPEETE PAGO PAGO PORT VILA RAROTONGA NZOL CAMPAIGNER V. 02S/99 ETA 07/02/9918 words
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Advertisement149 1999-02-05 51 I FREE Reader Enquiry Service cut out and Fax to 65-*****29 Need HELP or INFORMATION on the following? (please tick relevant boxes) SHIPPING SERVICES Port of Origin: Cargo Type: Cargo Ready by: Port of Destination: Cargo Volume: Special Requirements: ADVERTISER:PRODUCTS/SERVICES Saw an advertisement in Shipping Times of a product or149 words
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Advertisement951 1999-02-05 52 —SAMUDERA SHIPPING LINE LTD Mfcw 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********00 TEL: *****88 FAX: *****29 (OtITWARO) *****83-4 (INWARD) /*****10 (IMPORT STATUS) TLX: R*****0 _BOOjtIjIBS_CALL_DiBECT LINE: 535 6266 Cella/Jessica/Mei Chan/Jeslynn/Dora/Hawli tnEEEMEBESEtM 7 slgs/week EBSESZQI 2 slg/week [VESSEL VQY I SIN JAK [VESSEL IVQY [SIN951 words
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Advertisement523 1999-02-05 52 AwmSSEESM Msiiu^i^:ttMl']!•]:f:iiV?l CONTAINER FEEDER SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ACCEPTING BOTH SOC AND COC CONTAINER |VKsa VOYAGE EM SUGAPORE (U COLORWO FTA RARAOR lAIAZAI 001 WW Ot/DZ/99 14/M/H 11/DZ/W swai mm lyn/w n /m/n oi/M/w SJWJMAI 007HW WW* OMIT QUIT lAIAZAI oom 01/M/W 07/03/W IVO3/W SOW 007HW 01/OVW523 words
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Advertisement752 1999-02-05 53 SIN TO SRI LANKA/ INDIA, CANADA, US/EC/GULF, MEXICO L Jjjj. IJ* I m I n M 1°" BSff —li/oi M -a/gLiiaLJ<zgi-afl3--B/g< Jt/M-i JIZJ2. jjM. jzm. .nai. jiM. um. jum. JHM. jmzm. JHZM. MM. JUM. ji/ai hal. HOS !U*»VA/mIO —-57^=-^l4xl--?r4^-- 2iZfi3 es^- 4Z25 e?z s --la/fiS. _LZZfis_ J4ZSS- v /0A /0i752 words
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Advertisement834 1999-02-05 53 u 1111 rl >aii-:i: m:i:ds in mini tffllMCj eM VBSM/VOTAfil SK»I I SOU «TM ham inj ro*«m 03WM3 ifoi otM 0002 woi oH? KM SOUTHAMPTON OSMO4 7101 1111 lU2 Mil mot mmmi nS &g £02 LIMW WWM m». MMT», WMm I TTI VTSSfi/VOYAGE SPOtE PJOANC UN SOU MV AMTWftP NIDUOYD834 words
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Advertisement712 1999-02-05 53 i iinnMn VBttWTAg ffl RTM m at 1 STOW 101 mcoTA\vmtjy I m NYK SMRRJS OSCAS2 26.12 2112 30.12 04.01 1941 TiOl 2MI 29j01 2101 NYRANURB 00U01 0101 0101 0101 0101 2101 01.02 0242 0102 04.02 \tmmmmu onm 1101 iui 1101 IMI om 09.02 1102 11 42 VKSa/VOYAGf L» SOU712 words
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Advertisement463 1999-02-05 54 I VESSEL VOY SIN MAA SIN I TIGER SEA 681N 06-0&02 10-13/02 17-18AJ2 I TIGER BAY 682N 08-09/02 13-16/02 20-21/02 I TIGER ISLAND 683N 10-11/02 16-19/02 24-2MJ2 I TIGER PEARL 684N 14-15/02 20-24/02 28-29/02 I TIGER SEA 685N 17-18/02 23-26W2 02 03/03 I TIGER BAY 686N 20-21/02 26-01/03 05-06/03 I463 words
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Advertisement855 1999-02-05 54 FREIGHT LINKS EXPRESS Tel: *****66 (60 Lines) Fax: *****33 E-mail: flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA BUENOS AIRES CEBU ISTANBUL IZMIR LAEM CHABANG MALTA SANTOS SHANGHAI PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING Overseas Offices Hongkong *****113 flms9asiaonline.net Port Kelang *****40 flem@tm.net.my Bangkok *****42 kunthida@*fletfi.co.tti Surabaya *****00 fle-subQsby.mega.net.id855 words
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Advertisement954 1999-02-05 54 lOOCL (Singapore) Pte Ltd CFS Keppel Distrpk 79 Ante* Read #21-04 (S) *****6 1*513 #***** CI N**********00*4 M: 272 7527 gD, sasaaaL,«- te,nm> Mm (Malaysia) Sdn Bhd OUg Na *****2-ui (a f fag] PETAUNG JAY* Tefc 03-75* 777* Fit 03-754 **57 PHUNG Tel: 04-2******/1 Fax: 04-*****43 *****80 T<t 07-38*4066 Eex:954 words
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Page 55 Miscellaneous
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Miscellaneous136 1999-02-05 55 BBMT **{o(o m ivj yTTTTTBIj^B LEGEND R Thunderstorm Temperoture *q V Shower Weather Wind direction with speed m knots ee Rom (J Cloudy Sky Wove height Surfoce —vh ore mooted by orrow, wkn* f|y with the wind I n tU CtrC rep,#s n,s or light ond voriobte wmds 1— One136 words
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