The Business Times, 8 August 1998

Microfilm: NL21219
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Masthead
    18 1 The BisinessTimes MITA(P) ll(V12/97 85$ S I N G A V Internet: http://business-times.asia!.com.sg/ WEEKEND EDITION, AUGUST 8-9, 1998
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  • Article
    MERKET SUMMARY
    65 1 sra 1,03*27 (-26.51) BT-SRI ***** (-7.30) BTOOMP 848J7 (-25.13) BTHOA 575.78 (-7.07) STOCK MAMET INDICES Friday Change KLSECOMP 364.05 -10.73 NIKKEI *****.17 -47.06 HANG SENQ 7.0I&41 -235.95 SET INDEX ***** 4.53 JAKARTA COMP 423.61 -1012 MANILA COMP 1,448.72 32.17 TAIPEI WPI 7,530.02, +68.28 SEOUL COMP 321.71 +1.14 CLSA
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  • Article
    FINANCE
    78 1 FOREX BATES USI s$ US$ 1.747 £(US$/S$ per 1.631 1849 DM 1.770 0.987 YEN 145.5 1200* RM 4.180 0.418 HK$ 7.760 0125 BAHT 41.98 0.042 RUP1AH nm 0014 St to too units PRIME SATES SINGAPORE* 7.88 KUALA LUMPUR 11.50 JAKARTA .28.00 BANGKOK 14.75 MANILA .22.90 HONG KONG 10.25 TAIPEI
    78 words
  • Article
    OCBC interim profit falls 40.8% to $201m
    738 1  -  Bank reveals inner reserves of $4.3b; $240 m provision made for 5 countries By\ Siow Li Sen [SINGAPORE] OCBC Bank yesterday posted an interim net profit of $200.8 million, down 40.8 per cent, as the deepening regional economic crisis continued to bite. It
    738 words
  • Article
    Anwar denies he's quitting over alleged rift with Dr M
    434 1  -  He announces formation of panel to help restructure corporate debts From. Eddie Toh in Kuala Lumpur MALAYSIAN Deputy Prime Minister Anwar Ibrahim has quashed rumours which reached fever pitch this week that he was stepping down because of the alleged
    434 words
  • Article
    Vickers, Lim & Tan to kick off Internet share trading in Oct
    536 1  - Vickers, Lim Tan to kick off Internet share trading in Oct Broking commission at 1% but there's scope for rate cuts By Clarissa Tan [SINGAPORE] The stock exchange's plan to offer trading on the Internet is set to take off in two months. First off the block will be broking
    536 words
  • Article
    New private homes sold may fall below 4,000 in '98
    585 1  -  URA figures show take-np rate of only 2,100 units for 1H By\ Diana Oon [SINGAPORE] For the first time in at least five years, the total take-up rate of new private housing projects could go under 4,000 units this year,
    585 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      140 1 DTSTOE UEM milks its auh cow Debt-laden conglomerate UEM is proposing to use Plus as collateral in its bid to refinance some RM3b in short-term loans, Pf 10 i I jmm EHKZ-3 Money in food The lights have gone out at STARS. Even Canadian Muffin has given up the good
      140 words
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      Page 1 Advertisements Column 2
      45 1 Obuchi to the rescue f Jm, The Japanese PM's maiden speech to v'l» parliament yesterday was short on policy Vj/ •> ft specifics. But many analysts see his pledge MV of fiscal expansion as a hopeful sign for the fjr beleaguered economy. Full report, Pg 5
      45 words
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      Page 1 Advertisements Column 3
      51 1 Focal, OCBC Finance in $194.5 m merger, Pg 9 SembCorp interim pro/it up 15.5% to $25.7 m, Pg 9 i Zip-up tmdbnaker m nalrMlii Gold and stiver "Cio* de .fllriif a Essential by nature. £*rii HERMES PARIS Exclusively at: List Tower* Tel: 734 1353 HEitwrs 1998. Year or the tree,
      51 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'SEYE
      • Article, Illustration
        BT Sentiment Index
        34 2 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, Deutsche Morgan, Fraser, GK Goh, ING Barings, Kay Hian, Kim Eng, Merrill Lynch and Phillip.
        34 words
      • Article
        Creative Technology
        114 2 ♦(Maintain Sell) Indosuez Wl Carr, Aug 6, $20 Creative's full-year net profits came in below expectations and we anticipate that profits will continue to fall in 1999. New products (Soundßlaster Live! etc) are only just being introduced and will not start shipping in any real volume until the
        114 words
      • Article
        Cerebos
        132 2 ♦(Maintain Sell) ParibasAsia Equity, Aug 5, $1.89 Prospects remain bleak for Cerebos, with Asian sales and margins still severely depressed due to weak consumer demand and currencies, as well as a margin squeeze in Australia. In addition, operating conditions remain extremely tough in China as inventory and payment collection
        132 words
      • Article
        Jurong Shipyard
        160 2 ♦(Maintain Buy) ParibasAsia Equity, Aug 4, $7.60 Net profit for the group increased by 74 per cent year-on-year to $33.6 million, with a slower 39 per cent growth in earnings per share due to a 26 per cent increase in the number of shares in issue following the
        160 words
      • Article
        Powertek Bhd
        123 2 ♦(Buy) Daiwa Institute of Research, July 31, RM4.46 Powertek, one of the smaller independent power producers in Malaysia, operates a 440 MW gas-fired peaking plant in Teluk Gong, Malacca. The company has secured approval from the government to upgrade the power plant into a combined cycle unit with
        123 words
    • Article, Illustration
      In My Opinion
      453 2 Shahreza Yusof Investment Manager Aberdeen Asset Management Asia Attention focused on Japan over these past several weeks should have highlighted the ludicrous state of affairs in both its economy and politics. The largest creditor nation in the world was bullied by the credit rating agency Moody's for
      453 words
    • Article, Illustration
      Stay the course with small caps
      792 2  -  And the ideal way for investors to play the waiting game is via regular savings in a unit trust bi,\ Shiv Taneja [SINGAPOREI OVER the past few years, waiting for small and medium cap stocks to outperform their large cap brethren has been a
      792 words
    • Article, Illustration
      Lock icon Never mind what company you kept, it was all bad
      844 2  -  By\ Louis Beckerling [SINGAPORE] Not even a mother's advice would have helped with your investments over the past 12 months, because no matter what choice company you sought, it was bound to turn out bad. Even the very best in
      Source: Datastream  -  844 words
    • Article
      Unit trust performance ranking
      1506 2 Next publication date: September 12,1998 nmm ae/WM *e/evw n/or/tr rvvrm mw)S ""eur 1,1,A JL££! __ill -Ig Lg ■•Sfi «/w» w/w «/w/« nmm wZZ %S£ SSS 8Sg 8SS SSS SwS lUAtac«M Mra, luktafutt sSc^Ss- pore r EH 1's ill! ii 8 H 4 1 usss t2 5
      1,506 words
    • Article, Illustration
      Lock icon Rupiah recovering but Indon stocks stay weak
      561 3  -  EYE ON THE REGION: INDONESIA One sector worth paying some attention to is the automotive industry From Shoeb Kagda in Jakarta IT was a tale of two divergent movements as the Jakarta Stock Index dived last week while the rupiah continued its upward
      FILE PHOTO  -  561 words
    • Article, Illustration
      The Game worksheet: how to use it
      331 3 THE accompanying worksheet is designed to help you monitor the performance of the unit trusts and collectively the portfolio or portfolios you have chosen for The Game. Follow the instructions given in the worksheet to learn to track the performance of your portfolio
      331 words
    • Article
      Mutual funds raising cash levels
      614 3  -  Unusnal move by Asia funds, excluding Japan, seen as sign of difficult times liy Shiv Taneja [SINGAPORE] Mutual funds investing in non-Japan Asia have been steadily increasing their cash levels over the past few months an uncommon occurance caused by these highly unusual times, say
      614 words
    • Article
      Rewards come from managing risk well
      301 3 EVERY investment involves risks. Even if you are very conservative and choose to tie up your money with rubber bands and leave them in an old Khong Guan biscuit tin under your bed. you're not safe, simply because there is always the possibility that
      301 words
    • Article, Illustration
      Lock icon Fund profile
      310 3 OCBC Savers Aspac Recovery Fund Source: Investment objective The fund aims to maximise capital appreciation through investments in securities and markets in the Asia Pacific which have, for one reason or another, suffered temporary setbacks, and offer good prospects for recovery. Investment style The unit trust is managed
      Source:  -  310 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      74 3 'Bull run' at Block 221, Pasir Ris. Chua Lee Hoong of Pasir Ris is riding high. His unit trust portfolio has appreciated by 21 Yo to over 530.000 Follow the fortunes of Lee Hoong and the other players in The Game. Standard Chartered's investment competition, in the weekend edition of
      74 words
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      Page 3 Advertisements Column 2
      26 3 Sound Us Out First ATLAS HI Fl PTE LTD Better soured thrxMxjh rv*e.*rcti #0J -116/124 Suntec City Mall (Tower Two) Tel: 339 0966 Fax: 336 4678
      26 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      S'pore unlikely to see early economic rebound in Q4: MTI
      517 4  -  Pace of pickup depends on regional developments, says Lee Yock Suan By. Audrey Tan TRADE and Industry Minister Lee Yock Suan yesterday ruled out an early economic recovery in the fourth quarter, saying the economy will be "slow for a
      517 words
    • Article
      OUB's Seah sees boom in financial services
      315 4  -  By\ Soh Tiang Keng TOP Singapore banker Peter Seah yesterday sketched an exciting banking scenario for the Republic in the 21st century. Demand for international financial services here, he said, will grow in the years ahead under dynamic conditions of robust economic growth,
      315 words
    • Article, Illustration
      Lock icon Fire in the works
      76 4 [SINGAPORE] This may not look like the stuff National Day fireworks are made of. But it will be, when Third Sergeant Tan Yew and servicernm f rom Ammo Base are done rigging up their mortar tubes from which thefireworks will be launched. TneKallang Practice Track next
      SIEW YAW HOONG  -  76 words
    • Article
      Unions focus on keeping jobs: Boon Heng
      353 4  -  Wage increases in agreements getting smaller with crisis Reports by Carol Eng WAGE increases agreed between unions and companies in the past seven months have become steadily smaller with worsening economic conditions, said labour chief Lim Boon Heng yesterday. Job protection has become
      353 words
    • Article
      On the trials of history
      308 4 SINGAPORE still has to contend with historical baggage, and it continues to be attacked over the way it does things internally, said Minister without Portfolio Lim Boon Heng yesterday. Speaking at a National Day dinner at Jurong, Mr Lim referred to the 1985-86 recession where
      308 words
    • Article, Illustration
      See foreigners as a help in economic race: Boon Yang
      379 4  -  To succeed as a nation, S'poreans must get rid of 'ns' vs 'them' mentality By I Carol Eng SINGAPOREANS must stop looking at foreigners as "us" versus "them" if Singapore is to succeed as a nation and win the economic
      379 words
    • Article
      S'pore institutions best in Asia: Perc
      422 4  -  By' Teh Hooi Ling A POLITICAL Economic Consultancy Ltd (Perc) survey has rated Singapore's national institutions as the best in Asia. Among its institutions, the monetary authority received the best score while the legislature/parliament got the worst. Even then, Singapore's law-making body still topped
      422 words
  • Page 4 Advertisements
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      465 4 THE WEATHER Singapore; Showers with thunder over many areas. Temperature (25/31 C) Aate-Padflc WHI* Cood. Jerusalem 1612 doudv Stockholm 1117 doudv Auckland ft/15 cloudy Mecca 3142 dear Vienna 12/25 cloudy Bangkok 2613 showers Zurich 13/23 cloudy Beim# 24*10 showers Europe Lo/Hi* Cond. Bombay 28/32 showers Aittieroam 1619 cloudy America Lo/Hi*
      465 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon China central bank denies talk of devaluation
      142 5 AFP [BEIJING] China's central bank yesterday denied market rumours that its governor Dai Xianglong had spoken of a devaluation of the yuan currency. 'The bank governor could not have made such a statement," a People's Bank of China spokesman said. The comment came
      AFP  -  142 words
    • Article
      Yuan fears hit region's stock markets
      263 5  -  By] R Sivanithy [SINGAPORE] Fears that a devaluation of the Chinese yuan is impending possibly as early as this weekend put pressure on regional currencies and stocks yesterday, sending both the Singapore and Malaysia markets down to their lowest levels since January 1989. Brokers
      263 words
    • Article, Illustration
      Lock icon Yen's 0.7% fall triggers fall in Asian currencies
      478 5  -  By- Larry Wee [SINGAPORE] Asian currencies took the lead from a falling yen to end the week on a dismal note. Traders took as "nothing new" pledges by Japanese Prime Minister Keizo Obuchi yesterday to implement tax cuts exceeding 6 trillion yen
      Source: Bridge  -  478 words
    • Article
      Falling rates herald recovery from Asia crisis
      434 5  -  Move helps stem rising unemployment: Soc-Gen strategist By I Siow Li Sen [SINGAPORE] Recovery is in sight for some of the worst hit Asian countries because interest rates are falling, which would stimulate domestic demand and halt rising unemployment, said Societe Generate global
      434 words
    • Article, Illustration
      Lock icon Obuchi dishes out promise of action to aid economic recovery
      788 5  -  PM pledges over 6t yen in income and corporate tax cuts, banking reforms From, Anthony Rowley in Tokyo JAPANESE Prime Minister Keizo Obuchi's maiden policy speech to parliament yesterday lacked the policy specifics markets had hoped for to bring about
      AFP  -  788 words
    • Article, Illustration
      Lock icon Hang Seng plunges on talk of HK$ siege
      565 5  -  Stocks at 3Vi year low a year after hitting ail-time high From Quak Hiang Whai in Hongkong ON the first anniversary of its all-time high, the Hongkong bourse yesterday plunged to a three-and-a-half year low as investors fled on fears of speculative
      AFP  -  565 words
    • Article
      Lock icon Vietnam devalues the dong by 9%
      269 5 Downward pressure remains, say bankers Reuters (HANOI] Vietnam yesterday effectively devalued the dong currency's official exchange rate by 9.1 per cent, a move bankers said was a step in the right direction but probably not enough to boost sagging export competitiveness. Despite the central
      Reuters  -  269 words
    • Article
      Lock icon Economic reforms on course, Jakarta tells IMF
      411 5 Indonesia sees return to significant economic growth by 2000 Reuters Bloomberg [JAKARTA] Indonesia said yesterday it was on course with reforms to combat its crippling economic crisis and expected to halt a catastrophic decline in output by early 1999. In an update sent
      Reuters; Bloomberg  -  411 words
  • Page 5 Advertisements
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  • REGION
    • Article
      Lock icon Jakarta police on guard against Aug 17 unrest
      269 6 JAKARTA Residents urged to organise own security measures for independence day Reuters JAKARTA'S police chief was yesterday quoted as saying security forces were on guard against any new unrest in the capital amid rumours that fresh riots were being planned for Indonesia's
      Reuters  -  269 words
    • Article, Illustration
      Lock icon Celebrating start of Subang harvest
      64 6 [SUBANG] Indonesian Chief of the Armed Forces Wiranto (centre) holding a sickle and a branch of soybean as he celebrates the start of harvest in Subang, West Java on Thursday. Indonesians celebrated the harvest season as shortages of essential goods, including rice, soybeans and cooking
      AFP  -  64 words
    • Article
      Lock icon No unrest in Chow Kit: KL police
      194 6 KUALA LUMPUR They dismiss rumour of foreign workers creating trouble Ber nama KUALA Lumpur police chief Kamaruddin Md Ali last night denied a rumour that there were disturbances in the Chow Kit area here. He said police received several calls from the public
      Ber nama  -  194 words
    • Article
      Lock icon Firms tied to Suharto may lose phone licences
      168 6 JAKARTA AFX Asia INDONESIA'S post and telecommunications directorgeneral Sasmito Dirjo said his office is reviewing to possibly revoke three mobile telephone projects allegedly improperly obtained by firms linked to former president Suharto, Bisnis Indonesia daily reported. Mr Dirjo was quoted as saying
      AFX Asia  -  168 words
    • Article
      Lock icon Supachai to run for post of WTO chief
      193 6 BANGKOK AFP THAI Deputy Premier Supachai Panitchpakdi yesterday announced that he would enter the race to become the second director-general and first Asian to head the World Trade Organisation (WTO). Mr Supachai, who is also commerce minister, publicly expressed his intention to
      AFP  -  193 words
    • Article, Illustration
      An offer the prince cant refuse
      612 6  -  COMMENTARY Prince Ranariddh should Join the govt for the sake of Cambodia By Harish Mehta FOR nearly three decades, Cambodians have known nothing but blood, sweat and tears. Therefore, it is to the country's credit that the recent general election has been declared free
      612 words
    • Article
      Lock icon Taiwan state oil firm chief to visit China
      163 7 TAIPEI Reuters THE head of Taiwan state monopoly Chinese Petroleum Corp will start an eight-day visit to China tomorrow to discuss joint crude exploration and possible exports of Taiwan gas and oil, executives said. Chinese Petroleum president Pan Wen-yen would discuss joint
      Reuters  -  163 words
    • Article
      Lock icon S Korea's top firms to swap businesses
      242 7 SEOUL Hyundai, Samsung, Daewoo, LG and SE bow to govt pressure to speed up revamp Bloomberg SOUTH Korea's top five business groups will lay out plans to swap entire companies by the end of this month, bowing to government pressure to accelerate the
      Bloomberg  -  242 words
    • Article, Illustration
      Lock icon Pakistan premier Sharif takes charge of finance
      207 7 ISLAMABAD Reuters PAKISTAN'S Prime Minister Nawaz Sharif has reshuffled his cabinet, taking the key finance ministry portfolio himself and replacing his foreign minister as the country battles crippling international economic sanctions. Mr Sharif replaced Foreign Minister Gohar Ayub Khan with Finance Minister Sartaj
      Reuters  -  207 words
    • Article
      Lock icon Hyundai workers continue protest plants to reopen
      132 7 SEOUL AFP UNION workers at South Korea's largest car maker Hyundai Motor Co continued to protest yesterday against mass layoffs as the company prepared to reopen factories next week after a three-week shutdown. "We will reopen business on Monday as planned. We are
      AFP  -  132 words
    • Article
      Lock icon US agency reviewing China's port policies
      446 7 WASHINGTON Senators, industry say US shippers face barriers to free operation in China Reuters THE US government agency that pushed Washington and Tokyo to the brink of a maritime trade war last year is now scrutinising the Chinese for alleged port abuses amid calls
      Reuters  -  446 words
    • Article
      Lock icon Two PLA spinoffs post disappointing profit falls
      312 7 HONGKONG Resultsof Continental, Poly echo other red chips Bloomberg CHINA'S effort to spin off a few corporate powerhouses from the 15,000 or so businesses owned by the People's Liberation Army took a bad turn this week with poor earnings reported by two mil-itary-linked
      Bloomberg  -  312 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      826 6 0 SEMBAWANG CORPORATION LIMITED (Incorporated in the Republic of Singapore) INTERIM RESULTS 1998 The Directors of Sembawang Corporation Limited are pleased to announce the following unaudited results of the Company and the Group for the half year ended 30 June 1998: GROUP COMPANY $000 $000 1998 1997 1998 1997 Turnover
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      547 7 4 T 5 a Singaporean; my forefather arrived here in the early I nn a^ S k a( n the 1880 s Through the years, my A XXX family's fortunes have ebbed and flowed, just like WL the tides of our shores. I am a true son of the soil.
      547 words
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  • REGION/WORLD
    • Article
      Lock icon Microsoft ordered to give key technology to govt
      331 8 WASHINGTON AFP A FEDERAL judge on Thursday ordered Microsoft to turn over a key component of its Windows 95 and 98 operating systems to the US Justice Department. Microsoft, currently the target of an anti-trust lawsuit brought by the government, had objected
      AFP  -  331 words
    • Article, Illustration
      Lock icon Blasts at US embassies in Africa kill up to 80
      540 8 NAIROBI No one has claimed responsibility for the attacks in Kenya, Tanzania capitals Reuters HUGE car bombs devastated the US embassies in Kenya and Tanzania yesterday, killing as many as 80 people and injuring more than 1,000, police and witnesses
      Reuters; REUTERS  -  540 words
    • Article
      Lock icon Footsie firms need £5b to fix Y2K bug
      367 8 LONDON The average cost given by a respondent is £65m Reuters BRITAIN'S biggest companies are set to spend more than £5 billion (5514.2 billion) to ensure they stay in business when the clocks tick into the new millennium, according to a Reuters
      Reuters  -  367 words
    • Article
      Lock icon WTO entry unlikely this year: Russia
      199 8 MOSCOW AFP RUSSIA is unlikely to join the World Trade Organisation this year because it cannot yet afford to open its markets to some foreign goods, Russia's top WTO negotiator said yesterday. "We cannot afford to open our markets in a big way just
      AFP  -  199 words
    • Article
      Lock icon French ex-minister indicted for money laundering
      201 8 PARIS AFP FORMER French Defence Minister Francois Leotard was indicted yesterday for money laundering and illegal financing of a political party. Leotard and his close aide, centre-right deputy Renaud Donnedieu de Vabre, were placed under judicial examination by anti-corruption magistrate Laurence Vichnievsky. Approached by
      AFP  -  201 words
    • Article
      Lock icon GM strike puts brakes on US jobs growth in July
      362 8 WASHINGTON Wholesale inventories rising slower as sales grow Bloomberg GROWTH in US jobs slowed sharply in July, hit by a major strike at General Motors, but the unemployment rate held steady at 4.5 per cent, the government said yesterday. The
      Bloomberg  -  362 words
    • Article, Illustration
      Lock icon US abuzz as Monica bares all in front of grand jury
      812 8  -  She is believed to have admitted to a liaison with Clinton From Leon Hariar in Washington THE US capital was clearly suffering on Thursday from a serious case of "Monica Madness" as it waited anxiously to hear what former
      AFP  -  812 words
    • Article
      Lock icon Russia seizes assets of oil producers
      262 8 MOSCOW Bloomberg RUSSIAN tax authorities began seizing property and bank accounts of three Russian oil producers after they fell a total of 1.17 billion roubles (about *****.4 million) behind on payments in the last three months. State Tax Service chief Boris Fyodorov ordered a
      Bloomberg  -  262 words
  • Page 8 Miscellaneous
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Sembawang Corp interim profit up 15.5% to $25.7m
      657 9  -  Result boosts its chances of beating analysts' forecasts for '98 earnings By< Conrad Raj [SINGAPORE] Sembawang Corporation, the diversified marine and engineering group, posted a 15.5 per cent increase in interim net profit to $25.67 million, giving it a good chance of
      CHRIS LOH  -  657 words
    • Article, Illustration
      Endang defaults on $26.6m payment
      472 9  -  Richard Li's PCRD reports interim loss of $11.9 m By. R Sivanithy [SINGAPORE] Hongkong tycoon Richard Li's Pacific Century Regional Developments (PCRD) yesterday said Indonesian businesswoman Endang Utari Mokodompit has defaulted on a $26.6 million progress payment relating to her purchase of a 39 per
      472 words
    • Article
      Those who fancy Public Bank must look at its HK units
      657 9  -  HOCK LOCK SIEW Lee Han Shih INVESTORS interested in Malaysia's Public Bank Bhd should cast their eye on Hongkong, where the company's once high-flying financial operations are going through a bad patch. Public Bank controls JCG Holdings, a listed
      657 words
    • Article
      Creative shares M as Q4 profit plummets 70%
      603 9  -  Company lowers forecast for current year but still upbeat on new sound card ihh Jennifer Lien [SINGAPORE] Creative Technology's share price slid 8.5 per cent yesterday after the sound card maker announced a worse-than-expected 70 per cent plunge in fourth-quarter earnings and
      603 words
    • Article
      SingTel, Creative consider share buyback programme
      380 9  -  Move to give excess cash to shareholders could take place by year-end Catherine Ong [SINGAPORE] Singapore Telecommunications Ltd and Creative Technology expect to be able to buy back their shares by the end of the year in order to return excess cash to shareholders.
      380 words
    • Article
      Focal, OCBC Finance in $ 194.5m merger
      386 9  - Focal, OCBC Finance in 194.5m merger By\ Siow Li Sen [SINGAPORE] Listed OCBC Bank unit Focal Finance is to merge with OCBC Finance by buying the latter's assets, business and liabilities, save for certain properties and surplus cash, in a transaction worth $194.5 million, the company said yesterday. Focal's earnings
      386 words
    • Article
      Prima's profit hit by $4.9m exceptional loss
      239 9 FLOUR mill company Prima Ltd has reported a 33 per cent drop in interim net earnings to $7.3 million, due largely to a $4.9 million exceptional loss and losses incurred by its food services operations. The exceptional loss arose from provisions made for
      239 words
    • REGIONAL COMPANIES
      • Article
        UEM proposing to use Plus as collateral in RM3b debt revamp
        529 10  -  Sources say firm has asked creditors to consider turning short-term debt into 2-year term loan From Ruth Wong in Kuala Lumpur DEBT-laden United Engineers (Malaysia) Bhd has proposed to use toll-road operator Projek Lebuhraya Utara-Selatan (Plus) as collateral in
        529 words
      • Article
        Lock icon SET to ease rules for backdoor listing
        133 10 AFX-Asia [BANGKOK] The Stock Exchange of Thailand will relax regulations related to backdoor listings with regard to the acquisition of companies under rehabilitation, the Nation newspaper quoted SET senior vice-president Patareeya Benjapolchai as saying. "The regulations will be amended at the request of
        AFX-Asia  -  133 words
      • Article
        Lock icon Upmarket retailer Joyce sees first loss at HK$207m
        260 10 Bloomberg [HONGKONG] Joyce Boutique Holdings Ltd, the shopping choice of Hongkong's ladies who lunch, reported its first full-year loss as Asia's economic downturn slashed the spending power of its best customers. Joyce reported a loss of HK5207.2 million (5546.7 million) in the
        Bloomberg  -  260 words
      • COMPANYBriefs
        • Article
          Lock icon SIA managers to forego pay raise
          137 10 Bloomberg [SINGAPORE] Singapore Airlines Ltd said its 316 managers wiU give up their annual 4 per cent pay raise to help cut costs as passenger and freight traffic falls. This follows a voluntary pay freeze for 20 of SlA's top executives. The company saw
          Bloomberg  -  137 words
        • Article
          Vickers raises Nava Vickers stake
          80 10 [SINGAPORE] Vickers Ballas Holdings (Vickers) has exercised an option to acquire an additional 2 per cent interest in Nava Vickers Ballas Securities Company from Nava Finance Public Company (Nava Finance). Nava Vickers will become a 51 per cent-owned subsidiary of Vlckers upon completion of the
          80 words
        • Article
          Hitachi Zosen MD quits
          66 10 Hitachi Zosen Singapore said managing director Foo Meng Kee had resigned and that his last day of service will be on Sep 30. Executive chairman Takeshi Tenjin will take over the managing director role after Mr Foo leaves. The company is negotiating with Mr Foo to
          66 words
        • Article
          DBS Land buys up healthcare units
          68 10 DBS Land through wholly-owned subsidiary, Premier Health Holding, has increased its stakes in Premier Health Corporation International (PHCI) and Premier Healthcare Services International (PHSI) and turned them both into wholly-owned subsidiaries. DBS Land used to own 90 per cent of PHCI and 50 per
          68 words
        • Article
          Tat Lee director resigns
          23 10 Tat Lee Bank has announced the resignation of Ang Kong Hua as a director with effect from July 19,1998.
          23 words
      • Article, Illustration
        Lock icon RHB-Sime bank merger held up over Sime NPLs, say sources
        583 10 Due diligence shows much higher NPLs than announced Reuters [KUALA LUMPUR] Malaysia's biggest merger deal of the year between RHB Bank Bhd and Sime Bank Bhd is held up over concerns about the size of sour loans held by Sime
        Reuters; REUTERS  -  583 words
      • Article
        Lock icon Metroplex gets nod for share swap plan
        148 10 Bernama [KUALA LUMPUR) Metroplex Bhd yesterday announced that it has obtained the necessary approvals for a share swap with two Philippine firms. Belle Corporation and Sinophil Corporation. The proposed deal was to swap Metroplex's 25 per cent shareholding in Legend International Resorts (LIR),
        Bernama  -  148 words
      • Article
        Poor car sales put UMW in the red
        424 10  -  From Ruth Wong in Kuala Lumpur UMW Holdings has slipped into the red. posting a 26.2 million Malaysian ringgit (5510.9 million) group net loss for the half-year ended June 30 due largely to poor motor sales. This works out to a loss
        424 words
      • Article
        Lock icon Credit Suisse set to control Aokam in restructuring plan
        439 10 Proposal includes capital redaction to write off losses AFX-Asia (KUALA LUMPUR] Aokam Perdana Bhd said it will propose a corporate restructuring which will include a capital reduction to write off losses and result in existing bondholder Credit Suisse First Boston (Hongkong)
        AFX-Asia  -  439 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon MGM seeking partner to boost finances
        658 11 The studio is in talks with companies and options vary from merger to asset sales Reuters [LOS ANGELES] Less than two years after billionaire investor Kirk Kerkorian took control of Metro-Goldwyn-Mayer Inc for a third time, the fabled film studio is looking at a
        Reuters; FILE PHOTOS  -  658 words
      • Article, Illustration
        Lock icon Chiysler CEO to get US$70m after sale to Daimler-Benz
        272 11 Bloomberg [TRAVERSE CITY, Michigan] Chrysler Corp chairman and chief executive Robert Eaton will receive US$7O million (*****.8 million) in cash and stock when the third largest US automaker is sold to Daimler-Benz AG, a Chrysler proxy statement said. The US$7O million
        Bloomberg  -  272 words
      • Article
        Lock icon Rise in shares of US disk-drive makers
        347 11 Higher PC demand, lower inventory raises optimism Bloomberg [SAN FRANCISCO] Seagate Technology inc and other computer disk-drive makers rose on Thursday on optimism that a glut of inventory has been whittled down and PC demand is rebounding as the back-to-school and holiday sales
        Bloomberg  -  347 words
      • Article
        Lock icon Shell Q2 net down 17% on low oil prices, Asian crisis
        360 11 26% erode price fall causes 46% drop in exploration profits FT [LONDON] Royal Dutch/ Shell on Thursday reported a 17 per cent drop in second quarter net profits to US$l.54 billion (552.6 billion), as low crude oil prices and
        FT  -  360 words
      • Article
        Lock icon Amex shares slip 7% on Asia worries
        317 11 FALLOUT FROM ASIAN CRISIS Revenue growth will slow in second half, CEO tells analysts Bloomberg [NEW YORK] American Express Co shares fell as much as 7 oer cent after the travel and financial services group said plunging Asian economies would slow revenue growth
        Bloomberg  -  317 words
      • Article
        Lock icon Unilever warns of Asian impact as net stagnates
        320 11 Bloomberg [LONDON] Unilever NV, posting stagnant secondquarter profit, said it is concerned about the impact of Asia's economic problems on its business. Shares fell as much as 7.5 per cent after Europe's largest consumer goods company said profit at constant exchange rates
        Bloomberg  -  320 words
      • Article, Illustration
        Daimler ties up with Nissan to build light truck
        498 11  -  Move could be first step to a possible alliance By i Christopher Tan [SINGAPORE] In the first step to a possible alliance, Daimler-Benz has announced that it would develop a light commercial truck line with Nissan Motor and Nissan Diesel. The
        498 words
      • Article
        Lock icon United Healthcare unveils shocking US$900m charge
        495 11 Reuters [CHICAGO] United Healthcare Corp, the US's largest managed healthcare company, stunned Wall Street on Thursday with quarterly results that included US$9OO million (Ssl.6 billion) in special charges, undermining other managed healthcare stocks and possibly threatening a merger with Humana Inc. The Minneapolis-based giant
        Reuters  -  495 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon US corporate bond sales poised to hit record high
        476 12 Companies make use of the low borrowing rates to raise USss6ob this year Bloomberg [NEW YORK] US corporate bond sales are poised to shatter last year's record as companies such as World Com Inc and Mattell Inc exploit some of the
        Bloomberg  -  476 words
      • Article
        Lock icon Asian crisis hurts UK banks' results
        448 12 Talk of consolidation in industry if poor performance continues AFP [LONDON] British banks felt the impact of the Asian crisis in the first half of this year, resulting in a series of disappointing company results this week, although high street banks profited from refocusing
        AFP  -  448 words
      • Article
        Lock icon Euroyen shows soft bias in short term
        281 12 ttimria Report Reuters {SINGAPORE] Simex Euroyen futures eased but Japanese government bond (JGB) futures closed firmer yesterday after a key policy speech by Japan's Prime Minister Keizo Obuchi left Tokyo stocks largely unimpressed. Mr Obuchi announced deep tax cuts worth over six trillion
        Reuters  -  281 words
      • Article
        Futures end 10-day losing streak
        173 12  -  MSCI TAIWAN FUTURES Cecilia Loh Cecilia Loh The Simex MSCI Taiwan Stock Index futures contract rallied 2.10 points on correction, ending a 10-day losing streak. The stock index rose 58.28 points, near the upside level of 7,550. The gain in the Nasdaq by 2.31 per
        173 words
      • Article
        Lock icon Oil flat on strong petrol futures, Iraq-UN row
        167 12 ENERGY REPORT Bloomberg Reuters (NEW YORKJ Crude oil was little changed as reports of refinery outages and concern that a confrontation between Iraq and the UN could disrupt oil supplies offset the failure of producers to wipe out a world oil glut
        Bloomberg; Reuters  -  167 words
      • Article
        Lock icon CURRENCY REPORT
        284 12 AFP THE yen lost a little more ground against the dollar in the first half of the session on the London forex market yesterday after what operators called a disappointing general policy speech by the new Japanese premier and due to rumours of a possible yuan devaluation. The
        AFP  -  284 words
      • Article, Illustration
        Lock icon Mixed outlook for greenback
        472 12 USS/mark: The greenback started the week with a strong surge to a high of 1.7880 on Monday before diving back down to a low of 1.7630 on Thursday. But bulls were quick to resume control on Thursday, driving USS/mark back up to a high of 1.7750.
        Source: DBS Bank  -  472 words
      • Article
        Lock icon Royal & Sun's 1H operating profit falls 39%
        311 12 Royal Sun's 1H operating profit falls 39% Bloomberg [LONDON] Royal Sun Alliance Insurance Group pic, Britain's second-largest insurer, said first-half operating profit fell 39 per cent, in line with analysts' expectations, pulled down by bad weather claims. Operating profit, before a £142 million (Ss4ol million) convertible bond buyback charge, fell
        Bloomberg  -  311 words
      • Article, Illustration
        Untitled
        1204 12 lUTHltBAlfK CROSS RATES Aug C$ 8»b CCD Fir <■ HKj Van Wow KM HZSNfcfa N» S$ 8— Mr 17$ mt Hmt US$ 0.917 1178 0.548 3516 1.079 4597 ***** 78.206 0.877 7.518 2.5Q IMS 12 299 1ft* \im ihiimtmxmi .S '-087 5.421 0.587 1874 1156 5.061 27.*****907 0.950 8.662 2.729
        1,204 words
    • Article
      COMMODITY PRICES
      1744 13 WOOM FUTURES Aug 7 RUMCR (Mares ctafaoas at SJOwa) RSS1 CO*TRACT(S cmWVj) Close VolWM OpM MootN Hj9j» Low Sott (tows) Interest Sep 98 112.50 112.50 113.00 50 490 Oct 98 113.00 1450 Now 98 113.25 1450 OeC 98 114.00 1850 Jan/Mar 99 116.50 2025 Apr/Jw 99 120.75 1950
      1,744 words
    • Article
      WORLD STOCK MARKETS
      2199 13 UM0ON Mistrial* *1 7 PlKI 31 Group 545.000 5.000 AB Port j 331.000 1.000 Abbey National 1162.000 50.000 Allied Domecq 579.000 23.600 Amec 160.600 -0.400 Asda Group 193.000 5.800 BAT Ind 660.000 *1.600 BG Pie 381.400 5.400 BICC 118.600 unch BOC Group 753.400 unch BR Petroleum 797.400
      2,199 words
    • Article
      Lock icon TOKYO
      1641 13 Bloomberg Nikkei 225 -47.05 JAPAN'S benchmark stock index was little changed after Prime Minister Keizo Obuchi provided no surprises in his first policy speech to parliament. Bank of Tokyo-Mitsubishi Ltd fell as share prices and currencies tumbled around Asia, raising concern lenders may struggle to collect loans from regional
      Bloomberg  -  1,641 words
    • Article, Illustration
      Lock icon HONGKONG
      1478 14 Reuters AFP -235^5 STOCKS ended with heavy losses yesterday, pounded by aggressive selling of Hongkong dollars as fresh evidence of the territory's economic troubles this week invited speculators to attack the currency. Exactly one year after peaking at 16,820.31 points on August 7,1997, the Hang Seng Index was clinging
      Reuters; AFP  -  1,478 words
    • Article, Illustration
      Lock icon CHINA
      643 14 Reuters IT3 Shenzhen B Index -143 CHINA B shares for foreign investors hit record lows yesterday as fears of a possible devaluation of the Chinese currency spurred selling. Brokers said a plunge in Hongkong stocks and expectations of poor interim results of listed Chinese companies also caused investors to
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  643 words
    • Article
      Lock icon TAIPEI
      390 14 AFP □WP Index +58.28 TAIWAN share prices staged a modest rebound yesterday, rising 0.8 per cent on strong buying of blue chips that snapped a 10-day losing streak, dealers said. The Weighted Price Index rose 58.28 points to 7,530.02, following a 0.4 per cent decline in the previous session.
      AFP  -  390 words
    • Article
      Lock icon WELLINGTON
      261 14 AFP Wellington +12J7 NEW Zealand stocks ended higher yesterday for the first time in the week, rising 0.6 per cent as money-market interest rates tumbled. The NZSE-40 Index was up 12.37 points to 2,031.18 on turnover of NZ595.5 million. Telecom Corp rose 12 cents to NZ$B.27. Carter Holt Harvey
      AFP  -  261 words
    • Article, Illustration
      Lock icon BANGKOK
      794 14 AFP D SET Index -453 THAI shares slipped 1.8 per cent yesterday on the heels of a weaker baht and concern over regional currencies, particularly the Hongkong dollar and the Chinese yuan, analysts said. "There is little or no good news on the domestic front. The concerns are basically
      AFP  -  794 words
    • Article
      Lock icon SEOUL
      426 14 AFP M Composite Index +Ll4 SOUTH Korean stocks ended yesterday a marginal 0.4 per cent firmer as regional currency worries loomed over the volatile market, dealers said. Investors remained in the shadows as the yen weakened and amid growing jitters of a possible devaluation of the yuan which would
      AFP  -  426 words
    • Article
      Lock icon SYDNEY
      592 14 AFP PAH Ordinaries -3.4 SHARES fell a barely noticeable 0.1 per cent yesterday as overseas markets provided little inspiration to offset market anxiety ahead of a spate of key economic news due next week. The All Ordinaries lost 3.4 points to 2,599. The All Industrials Index fell 1.2 points
      AFP  -  592 words
    • Article, Illustration
      Lock icon JAKARTA
      761 14 AFP Q Composite Index -10.22 SHARE prices closed down on the Jakarta Stock Exchange yesterday on a lack of fresh leads and regional uncertainties, brokers said. "The Hongkong dollar was under pressure, prompting renewed concerns in regional markets," a dealer with a local brokerage said, adding that concerns over
      AFP  -  761 words
    • Article
      Lock icon MANILA
      322 14 AFP n Manila -32J7 SHARE prices closed down to their lowest level in five-and-a-half years yesterday amid renewed pressure on Asian currencies. The Philippine Stock Exchange Index lost 32.17 points to 1,448.72, the lowest since Feb 17, 1993 when the index closed at 1.422.705. Volume rose to 434 million
      AFP  -  322 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares ease on renewed ringgit fears
        403 15 afp n Composite Index -10.73 MALAYSIA'S key stock index ended lower yesterday as foreign investors cashed in amid renewed fears that the sliding Malaysian ringgit may come under fresh attack, dealers said. The Composite Index slipped to a new resistance level to close at
        afp  -  403 words
      • Article
        Untitled
        8307 15 CoftUMMf products WW Last Vol Day Net Cm Mlgfc Low Ciwpiay Sale 'OOP Htg» Low Pf€ $w« 310 17$ Ajlnomoto 175 unch 5 175 173 9.7 70.9 148 39 Angkasa 39 -1.5 44 40.5 39 0.9 57.5 290 123 Apollo food Hlg 135 unch 86 135 131 4.7 54.0 388
        8,307 words
    • WARRANTS&QPTIONS
      • Article
        Untitled
        3434 16 BONDS, LOANS WARRANTS m 1998 Last Vol Day Lait Quota A,q High Low Stno Company Slit *or- <000) High Law Buyer Seller Price 23.5 9 m 3000 m AMDB c5.5******6 9 8 K) 20.5 3 3160 Acer W*****1 USS 4 unch 2 4 3 3 6 95 7 3164 Acma
        3,434 words
      • Article
        Uraco wrt: shares a better bet
        169 16  -  WARRANT WATCH By R Sivanithy USUALLY, any warrant that's deeply out-of-the-money will sell for a very large conversion premium (because it would be intrinsically worthless) but would also offer the buyer tremendous gearing because of its low cost. There are, however, exceptions to these
        169 words
    • Article
      CLOB INTERNATIONAL
      2520 16 Transaction date Aug 7 MALAYSIAN STOCKS Gr Cr u^. 19 8 LMt Vol Day Last Quote Dlv Dtv YW Net M Cap High Low Stno Company Sale COOP) High Low Buyer Seller C'vr P/E Smll '35 28 ms 5000 AISBSOc 31 -1 130 32 30 30.5 32 5.0
      2,520 words
    • Article
      STOCK EXCHANGE Of SINGAPORE: MAIN BOARD
      5623 17 Transaction date: Am; 7 j 6r cr M Wt J 199 Last Vol Day Last Ouota Dhr D*v YM Mot Cap Avq Low StNo Company Solo COOP) Ht+h Low Biiyor SoWor H C'vr H P/C $mH Prtco mOUSTUAU 43 12.5 a 1020 ACE Dynamic
      5,623 words
    • Article
      SESDAQ
      1092 17 MW» W9 *Lw. StNo Comun. Last Ouot. OU CMv YW Ntl Cop Avg c m P*"* SW <OOP' Hl» Low Buy»f S(Mr C'vr H P/C SmM Prle* >34 50 ,2000 ABRHldgsSc 79 unch 16 79 79 68 85 I I 1 1 38 c 7<J z* :arss55=zs r m
      1,092 words
    • STOCKEXCHANGE OF SINGAPORE
      • Article
        Untitled
        221 18 Stocks Volume Enoriave 1Qc-_->~.. >0,923,000 Penguin 10c._ 8,382,000 •M Resources 5,538,000 ST Engg 10c 3,838,000 OCBC Foreign 3,808,000 Panpac Media 5 3,479,000 UIC 3,385,000 SingTel 15c 3,297,000 TACBtIO 200 2,958,000 Li Xin 10c 2.917,000 Stocks OCBC Foreign 23,212,460 UOB Foreign 10,060,536 SPH 9,509,344 SingTel 15c 8,635,245 DBS Foreign 7,473,540 Enersave
        221 words
      • Article, Illustration
        STII loses grip on 1,050 amid host of adversities
        634 18  -  STOCK MARKET COMMENTARY Sentiment hit by currency worries, selling pressure in Malaysia and Creative's larger-than-expected drop in fourth-quarter earnings R Sivanithy [SINGAPORE] After coming close to breaking the 1,050 mark several times in the past month, the Straits Times Industrials Index
        634 words
      • Article, Illustration
        HOT STOCK
        67 18  -  -by Shiv Taneja MAINBOARD heavyweight Sing Tel closed unchanged yesterday at $2.62 on a volume of 3.3 million shares, compared with its 10-day traded average of 31 million shares. The daily and weekly RSI and Stochastics indicate weakness in the share price in the near term. However, the
        67 words
      • ON THE GRAPEVINE
        • Article
          Power over the press
          62 18 OFFICIALS of Singapore Power outnumbered journalists more than 3:1 at a roundtable press conference on Thursday to announce the company's results for the last financial year. This caught the attention of its chairman, and former journalist, Ho Kwong Ping, who remarked that it seemed like a
          62 words
        • Article
          Infections off-budget fever
          131 18 FIVE weeks ago, Finance Minister Richard Hu announced his "off budget" package in the form of a $2 billion scheme to cut costs and stimulate the Singapore economy. Since then "off-budget" has been used as a catch phrase by some firms to promote their products. For example,
          131 words
        • Article
          A long, long time
          112 18 SOME analysts would no doubt read it as Rana Talwar's confidence in the advances in longevity brought about by medical science. At a recent Standard Chartered pic briefing, its chief executive-designate raised quite a chuckle when he spoke about his plans for the future. "We have
          112 words
        • Article
          Are yon a PAW?
          162 18 The Millionaire Next Door, a book reviewed in Fortune's latest issue, debunks the myth that the really rich only come from Wall Street or Silicon Valley, and offers tips for those who want to retire comfortably some day. The real trick apparently is to watch how
          162 words
        • Article
          And now, a, fluorescent fish!
          109 18 HOW would you like a Zebra fish that emits light in your darkened house at night? The National University of Singapore has slogged three years to cultivate a genetically-engineered fish that radiates a greenish glow under special lighting. Right now the technique works only with
          109 words
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      226 10 I I Ml Gelebrafo Get these limited m 5 J M Jf 5 oar nation s Oirtkaau I S at any of our F&B m > f f cmtJi our 23\{wiu)<wary Promotion, The Mandarin Singapore is 25 years old this month. Come join us in our celebrations! Chatterbox The Mezzanine
      226 words
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      15 16 BUSINESS Notices TO ADVERTISE CALL TOLL-FREE 1800-741 1883 TURN TO PAGE 18 FOR MORE NOTICES
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      Page 16 Advertisements Column 2
      113 16 NOTICE IS HEREBY GIVEN that, I Seah Bee Kheng of Blk 430 Tampines Street 41 #11-517 Singapore *****0, have applied tor a Public House, Ist Class Licence in respect ot M/s Santa Monica Seafood Bar located at 20 Upper Circular Road #81-48 The Riverwalk Singapore *****6, and that this application
      113 words
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      Page 16 Advertisements Column 3
      112 16 NOTICE IS HEREBY GIVEN that, I Mdm Tee Suat Geok of Blk 304 Woodlands St 31 #02-109 S'pore *****4 have applied for a Beer House First Class Licence in respect of M/s Soon Hong Food House located at Blk 742 A Tampines St 72 #01-01 Singapore *****2 and that this
      112 words
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      Page 16 Advertisements Column 4
      44 16 I With a readership base of 1.2 million, no other I IT publication comes close. For enquiries or ad I bookings, call: I Daisy Chia Tel. 740 2215 I Pgr. 9593 8678 I Choo Ging Yang Tel. 740 1641 I Pgr. 9306 8517 I
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      Page 18 Advertisements Column 1
      351 18 BUSINESS tees To advertise call toll-free 1800-741 1883 NOTICE IS HEREBY GIVEN that, I Daniel E. Flores of 15 Amber Road #10-01 Seaview Point Singapore *****5, have applied for a Retail Beer Shop Licence in respect of M/s Brewerkz Singapore Pte Ltd located at 30 Merchant Road #01-05/06 Riverside Point
      351 words
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      Page 18 Advertisements Column 2
      34 18 Corrigendum Re: Liquor Licence Notice in the Business Times on 5 August 1998 -Tse Kwok Ming The Liquor Licence applied for should read as Public House, First Class and not as published. Dated 8-8-1998.
      34 words
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      Page 18 Advertisements Column 3
      444 18 NOTICE IS HEREBY GIVEN that, I Lee Nyuk Mui of No. 3, Holland Road, #02-03, Hollandswood Court, Singapore *****3, have applied for a Public House, Ist Clas (Extended) Licence in respect of M/s SMO International Pte Ltd located at 545 Orchard Road, #02-01. Far East Shopping Ctr, Singapore *****2, and
      444 words
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      Page 18 Advertisements Column 4
      216 18 IN THE MATTER OF THK COMPANIES ACT. C AP.-JSO AND IN THE MATTER OF PRLCISF TKCH PTK LTD Members' Voluntary Winding l p) N< met IS HEREBY GIVEN that pursuant to Section KMof the Companies Act. Cap Mlth.it a Final Meeting of the members of the ahovenamed Company will he
      216 words
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      Page 18 Advertisements Column 5
      325 18 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF CONAGRA ASIA-PACIFIC PTE LTD (IN CREDITORSVOLUNTARY LIQUIDATION) NOTICE OF DIVIDEND Name of the Conagra Asia-Pacific Company Pte Ltd (In Creditors Voluntary Liquidation) Address of Formerly at registered 100 Beach Road office #16-09/13 Shaw Towers Singapore *****2
      325 words
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      Page 18 Advertisements Column 6
      461 18 ©Focal Finance Limited (Incorporated m Singapore) Focal Finance AMemberof theOCBC Group ANNOUNCEMENT ?he sKnThs USSm lOWinS UnaU<litM inlertm 01 Com nn ,M Latest Halt Year Previous Haif Year Te 30/01/ M To 30/06/97 Change JOOOi SOOOs PROFIT STATEMENT Gross Operating Income 45,101 41.989 7 Other Income UU Operating Profit 5,994
      461 words
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      228 18 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF BARCLAY MARKETING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 3CB of the Companies Act, Cap. 50 that the Final Meeting of the members of the abovenamed Company
      228 words
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      21 18 Lost 11 our m pet? r l I Try finding it at Classification 821 (Found) of The Straits Times Classified. CATS
      21 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Expanding restaurants provide food for thought
      2050 19  -  COVER STORY TAM SP TEW finds out why the owners are taking the risk, and how they plan to pull it off TAN SU YEN THE lights have gone out at STARS; Paulaner Brauhaus has hung up its beer mugs for good, and even
      PHOTOS BY SIEW YAW HOONG AND ARTHUR LEE  -  2,050 words
    • STRAWS In The Wind
      • Article
        Buy one get two free
        63 19 LAST week, we highlighted a classified ad where a landlord was renting out a house, along with a car. Well, we found another ad for the sale of a house offering a two-in-one deal: buy a condo and get a BMW (age not stated) as
        63 words
      • Article
        Politely desperate
        41 19 AND here's a politically correct way to describe a forced sale for a property: One ad talks about "the great Singapore sale two-storey s/d, 7+1 rms our bankers are knocking at our door." Makes the bankers sound almost friendly.
        41 words
      • Article
        Voicemail cum ad
        56 19 NEVER let an opportunity pass to plug your business, especially at a time like this. Which is why a reporter recently got this message on her voicemail from a manager of a spa: "I wish you a day free of stress but if you are feeling stressed,
        56 words
      • Article
        Strange scents
        81 19 FROM a recent wire story, we found out that the fragrance business is growing increasingly bizarre in its search for a creative edge. Donna Karan has apparently added whiffs of gasoline and tobacco to her men's cologne, while New York magazine reports that Demeter is selling scents with
        81 words
    • VIEWPOINT
      • Article
        Now showing: Nightmare on Singapore streets
        790 20  -  Off the cuff The frightening complexity of the ESP system is doing what exorbitant COEs couldn't achieve make this driver take a bus by Jaime Ee THE government must think car-owners are mad. To think that when they introduced backbreaking COEs, PARFs, longer ALS
        790 words
      • Article, Illustration
        Lock icon Fighting the dying of the light
        1275 20  -  Science will not let us go gentle into that good night, says johm m morah. Researchers are battling to slow down, or even eradicate the ageing process, as well as extend the human life span, perhaps indefinitely. The world awaits the fountain of youth,
        LAT-WP  -  1,275 words
      • Article, Illustration
        Lock icon Siblings pull together in a time of crisis
        630 20  -  Watson Plastic Industries has had the strengths and limitations of a family business By I Carol Eng UNLIKE most small and medium enterprises who shun a "family business" association, Watson Plastics Industries speaks family and kinship at every turn. Instead of your
        ARTHUR LEE  -  630 words
    • PROFILE
      • Article, Illustration
        Lock icon An ingenious play of light and space
        1255 21  -  Architect Yip Yuen Hong conveys to paavathi naratam his love of simplicity PARVATHI NARAYAN YIP Yuen Hong, a partner of the architectural firm of HYLA, Han. Yip, Lee and Associates, has a practical, down-to-earth attitude to architecture. He says somewhat iconoclast ically: "There
        CHRIS LOH  -  1,255 words
    • LEISURE
      • Article, Illustration
        Love is in the air ... and it's only a heart-beep away
        555 21  - Love is in the air and it's only a heart-beep away A new device lets potential mates know what yon're in the mode for By. Andrew Wee BEEP, beep, beep. There it goes again. No, not my pager, but my lovegety, the device that will help me to "inform a
        555 words
    • Article, Illustration
      Not a well-made match
      539 22  -  CINEMA Despite oodles of Irish charm, beautiful scenery and a very watchable Janeane Garofalo, Tike Matchmaker disappoints By Parvathi Narayan BY all rights this should have been a feelgood funny movie. The ingredients are so promising: An American senator searching for some .any Irish roots as
      539 words
    • Article, Illustration
      Asteroid alert! Don't even blink
      590 22  -  CINEMA Get ready to be hit by non-stop thrills in Armageddon, bnt don't expect mnch in the way of acting or dialogue By\ Parvathi Narayan A "global killer" asteroid is scheduled to crash into our planet and annihilate life. What's truly scary about the scenario
      590 words
    • Article
      Lock icon Just 82 mins long, and still a bloody waste of time
      591 23  -  CINEMA Halloween: H2O doesn't have the gripping subtext of the original or even gory cheap thrills; it just shows a lot of blood Stephen Hunter The Washington Post IN Halloween: H2O, tho V don't have to cut to the
      The Washington Post  -  591 words
    • Article, Illustration
      WHAT'S ON
      387 23  -  Compiled by M Yasotha CONCERT Singapore Symphony Orchestra: Subscription Series More popular classics from the Aus-tro-German musical stronghold as James Paul, Conductor Emeritus of the Baton Rouge Symphony Orchestra in Louisiana, takes centrestage. Soloist for the evening is SSO's principal trumpeter Gary Peterson. Programme includes Brahms' Variations on
      387 words
    • EPICURE
      • Article, Illustration
        Lock icon That sweet holiday feeling
        875 24  -  The cuisine at Bistrot Paris is not outstanding, but jaime EE basks in the pleasantly French ambience JAIME EE Heritage with your food seems to be the latest thing on the dining scene, going by the looks of the newest complex on the block. Far East
        CHRIS LOH  -  875 words
      • Article
        National Day treats
        123 24 CRAVINGS CATCH the National Day fireworks under the stars over a barbecue dinner at The Oriental Singapore's Harbour Terrace. Priced at $33 for adults, the buffet includes salad and soup appetisers, barbecue items like slipper lobsters, lamb chops and prawns on skewers and desserts. Guests who sign
        123 words
      • Article
        Pie tee promo
        34 24 IF you fancy some kueh pie tee, think of eating at Peranakan restaurant, The Blue Ginger. From now till Aug 16, it is giving complimentary kueh pie tie to every customer.
        34 words
      • Article, Illustration
        Dim sum and croissant
        99 24 AND speaking of breakfast, wake up to dim sum and croissants at the Tung Lok Group's Club Chinois in Orchard Parade hotel. The trendy, fusion restaurant recently introduced an $18 American breakfast with Chinese accents. The hot, American breakfast is served buffet style.and the selection is
        99 words
      • Article, Illustration
        Koala brew
        131 24 CAFFEINE-free herb teas are all the rage now that the emphasis is on New Age clean living. Australia's The Koala Tea Company has come up with three flavours of herb teas made from organically grown tea leaves. "Breakfast" made from mint, roasted chicory root, cinnamon and orange peel
        131 words
      • Article, Illustration
        Cafe Vienna still raking it in after 25 years
        504 24  -  PROMOTION To celebrate its birthday, buffet prices will be halved By* Tan Su Yen CAFE Vienna in Scotts Road's Royal Crowne Plaza celebrates its 25th birthday this month, bucking the trend in a city where restaurants have been known to close
        504 words
      • Article
        Indomitable spirits: Mouton and its maker
        844 24  -  WINE CONNOISSEUR The story of one man's determined fight for recognition By. N K Yong IF one can say that behind every great man there is a great woman, then in the wine world, behind every great wine there is a great man or
        844 words
    • Article, Illustration
      CINEMA
      657 25 Aberration. Scare-fest starring Pamela Gidley. Woodlands. Armageddon.An oil driller (Bruce Willis) is mankind's best hope against an asteroid on collision course with earth. Also starring Billy Bob Thornton, Liv Tyler and Steve Buscemi. Lido, Capitol, Changi, Republic, Jurong, Choa Chu Kang, Chinatown, Century, Hougang, Orchard, Cathay, Eastshore, Eastpoint, Riverside,
      657 words
    • Article
      ENQUIRIES AND BOOKINGS
      124 25 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 236-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Golden Village Bedok 443-2405 Bishan 353-8885 Boon Lay 792-2788 Broadway 454-9394 Majestic 533-9032 Marina 337-9488 Pavilion 786-5788 Tampines 8 786-5788 Tiong Bahru 274-6588
      124 words
    • TRAVEL
      • Article, Illustration
        The heady taste of Spain in high summer
        1447 26  -  babtta rt.ias finds herself melting, not just from the intense heat but also from the good food, fine wines and smouldering night life RAHITA ELIAS IT'S 43 degrees Celcius outside. The sun is pelting its rays down on you just to prove
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      Page 22 Advertisements Column 1
      50 22 1 Such a market -for choice jobs, -fresh ever/ day J Any job. any Career. Available any day. Any time. Anywhere. the straits Times the Sunday Lianhe Zaodao lianhe wangao shin mim n* NESS TIMES The new Paper ao shin min daily news berita Harian berita minggu Singapore Press Holdings
      50 words
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      Page 22 Advertisements Column 2
      37 22 BUY,* SELL* FIND/* Classified ads put home-seekers on solid ground. No matter what it is, you can always buy it, sell it or find it with the Classified. 'OH HIE 1800-737-1166 leg Coll Today For Results Tomorrow.
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      390 23 Where to wine, dine and entertain.., it mxmtm Jk Hongkong h. Cafe Plaza "Tunch is the best for lunch and high 4? Jia KIT rnnn nnmmTimi v v tea rolled into one. Which means longer serving f*— /ii\r\iy»|-v •>»--% With "WIUC ROSCS I'VJVJLJ I kUMUIIUX j hours and even more
      390 words
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  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      2024 25 TODAY'S TV Pr—lf» ia Ml 3.00 My Little Pony. 12.00 NN TV Innovations. 3JO Salty's Lighthouse. LOO PM ESPN 1998: Asian X- 4-00 Pencipta. Games Qualifiers. 4.30 Zoo Adventures. 2.00 Sports: World Soccer /4i 5.00 Denver, The Last Dino- 2.30 Sports: Tennis ATP 5.30 Kaanbom Karpom. Tour Magazine Show 98.
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    • Miscellaneous
      Page 25 Miscellaneous Column 2
      266 25 RADIO Likeness Of Being, BBC, Short Story, BBC, Sunday, Saturday, 4.30pm 5.15pm Laura Cumming continues Who is the mysterious Daniel her series on the ideas behind Wentworth and why is the artists' attempts to capture woman telling this story so images of vital aspects of obsessed with him? It's many
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