The Business Times, 21 November 1998
1998-11-21
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The Business Times
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Title Section14 1998-11-21 1 85* MITA(P) 110/12/97 THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ WEEKEND EDITION, NOVEMBER 21-22, 199814 words
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Article62 1998-11-21 1 sn 1347J0 (+31.35) BT-SU •0106 (+18.18) SEHSCI FUTURES 20L40 (+3.42) OTDOL MilKET DOMCES Friday Change KLSECOMP 46IH +2J0 NIKKEI 14,***** +428.48 HANG SENO 10.233J6 -7914 SET INDEX 37 ID +1137 JAKARTA COUP _403.« +24.53 MANILA COMP +22.68 TAIPEI WPI 7,380.53 +89.19 SEOUL COUP 452.93 +11.87 CLSA CHINA B62 words
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Article75 1998-11-21 1 FOBEX KATES uss s$ us$ 1.629 £(US$/S$pcr£) 1.663 2.709 DM 1.688 0.966 YEN 120.3 1.353* RM 1800 0.429 HK$ 7.744 0110 BAHT 36.13 0.046 RUP1AH 7,550 0.022 'St toM units FUME RATES SINGAPORE* 8.71 KUALA LUMPUR 11.60 JAKARTA 28.00 BANGKOK 14.76 MANILA A* HONGKONG 10.26 TAIPEI 8.80 SYDNEY 8.4675 words
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Article, Illustration575 1998-11-21 1 David Boey - Flat building programme to continue at around 30,000 flats a year By] David Boey [SINGAPORE] Demand for new Housing and Development Board (HDB) flats has nosedived to less than 10,000 units annually from more than 67,000 just two years ago. TheseSource: HDS - 575 words
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679 1998-11-21 1 Loh Hui Yin - Hang Seng contracts np 1 9 000 as exchange gears np for Simex competition From. Loh Hui Yin in Hongkong AFTER some Initial hiccups, the Hong Kong Futures Exchange settled into its first day of extended trading hours yesterday and looked679 words
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Article, Illustration345 1998-11-21 1 Ven Sreenivasan - By' Ven Sreenivasan [SINGAPORE] The Singapore stock market didn't look back yesterday as another bout of fund-led buying sent the benchmark market index surging to a seven-month high. The 31.35-point jump to 1,347.9, a 2.4 per cent rise, took theSource: Bloomberg - 345 words
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Article, Illustration535 1998-11-21 1 Audrey Tan - Domestic exports to US down for second month in a row By, Audrey Tan [SINGAPORE] Singapore's non-oil exports fell an unexpected 4.8 per cent year-on-year in October, as electronics exports to the US Continued to contract. V The fall in non-oilSource: TDB - 535 words
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Page 1 Advertisements
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Advertisement142 1998-11-21 1 DBgPE That scrubbed down look Singapore men are heading for facial spas, hair care centres and dentists to achieve that wellgroomed look. Is it all vanity or is there more to these preening rituals, ELI Mt mre stamp duty Mtfaebfose Wing Tai has joined other major developers to stop the142 words
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Advertisement27 1998-11-21 1 One year needed to judge HiMSCI, Pg 10 Look oat for fresh themes to get the most out of the market, Pg 9 Market reports, Pgs 14-1827 words
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Advertisement69 1998-11-21 1 HDB to raise $2b from bond issue, Pg 2 Lv BY The new L.U.C fr Heir to a proud watchmaking tradition IN SINGAPORE: Chopard Boutique, Orchard Road no. 02-36, Wisma 65/737 64 51, Fax 65/235 82 00. Dickson shops: The Promenade, Centrepoint, Cortina shops: Lucky Plaza, Millenia Raffles Paragon. For69 words
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SINGAPORE AT HOME & ABROAD
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527 1998-11-21 2 Carol Eng - Chairman says property prices have bottomed out and are now very affordable By Carol Eng WING Tai has joined other major developers in stopping the absorption of the 3 per cent stamp duty on property purchases. Hong Leong Holdings, too, yesterday527 words
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Article561 1998-11-21 2 Clarissa Tan - Analysts note growing willingness to lend among banks By< Clarissa Tan DBS Bank has launched the cheapest home loan package the market has seen in months, and other banks say they are likely to also make their mortgages more attractive. Cheaper mortgages indicate that banks561 words
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Article, Illustration333 1998-11-21 2 Larry Wee - By Larry Wee NEW Zealand will continue to push for further substantive progress on trade and investment liberalisation when it takes over chairmanship of the Asia-Pacific Economic Cooperation (Apec) forum in 1999, Prime Minister Jenny Shipley said here333 words
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552 1998-11-21 2 Carol Eng - Move to encourage loyalty among other labour proposals By Carol Eng MORE recommendations on labour and rent were released yesterday by a sub-group of the Committee on Singapore's Competitiveness, including one calling for up to 100 per cent tax exemption552 words
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Article, Illustration448 1998-11-21 2 Annette Pau - By Annette Pau SINGAPORE will definitely make its $7.8 billion target for investment commitments for 1998, but poor sentiment in Japan may well bite into next year's inflow, said Economic Development Board chairman Philip Yeo. Inflows from the US and Europe, however, stillCHRIS LOH - 448 words
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Article, Illustration197 1998-11-21 2 AROUND 91,000 sq metres of suburban office space will be freed for sale or rent when the Housing and Development Board (HDB) shifts its headquarters from Bukit Merah to Toa Payoh in four years' time. This was announced bySIEW YAW HOONG - 197 words
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374 1998-11-21 2 Audrey Tan - By. Audrey Tan SINGAPORE will not object if the Indonesian government wishes to publish data on their bilateral trade, said the Ministry of Trade and Industry (MTI). In response to Indonesian comments yesterday that Singapore is concealing trade data between the two374 words
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272 1998-11-21 2 David Boey - Reports by] David Boey INVESTORS can soon add Housing Board (HDB) bonds to their portfolios once marketing of HDB bonds get underway from early-1999. Tan Guong Ching, HDB's chief executive officer said on Thursday that the board intends272 words
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NEWS Roundup
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56 1998-11-21 2 CHUA Yong Hai has been appointed Uruguay's first honorary consul in Singapore. Dr Chua, 54, is chairman of Lend Lease Asia Holdings and Asia Pacific Investment Company, and also executive chairman of Stan bridge International. He was formerly general manager of Temasek Holdings and group56 words
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Article35 1998-11-21 2 THE administration section of the Prime Minister's Office will move from Temasek Tower to its new premises at: The Istana Annexe, Singapore *****3. The move is effective from Dec 7.35 words
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Article52 1998-11-21 2 MIP Asia 1998, a leading platform for Asian broadcasters and media houses, will be held in Singapore from Dec 10 to 12. The Trade Development Board will lead 13 companies to participate under the Singapore Pavilion. Fourteen other independent firms from the local media industry will52 words
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Page 2 Advertisements
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Advertisement27 1998-11-21 2 A bond issue that could draw interest, Pg 3 The Straits Tines CUssffied/Taasßa Mall Tanglin Mall, every third Saturday of jjj the month, spm 11pm IcamJ s27 words
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FOCUS: PERSONAL FINANCE & INVESTMENT
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BULL'S EYE
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Article, Illustration631 1998-11-21 3 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, DBS, GK Goh, Kay Hian, Kim Eng, Nomura, Indosuez WI Carr. United Overseas Bank Foreign ♦(Upgrade to buy) Salomon Smith Barney, Nov 19, $9.30 A well-established risk culture has benefited UOB631 words
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Article, Illustration378 1998-11-21 3 Toh Mei Leng - Toh Mei Leng Manager ABNAmro Asset Management Singapore HT NVESTORS left lickI ing their wounds inA flicted by the Asian financial turmoil are likely to be more convinced now of the benefits from global diversification. One of the major challenges for global investors in equities is identifying378 words
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Article, Illustration1049 1998-11-21 3 Shiv Taneja - The expected 4.5-5% interest, $10,000 lot size and the fact that CPF savings can be used make Jurong Town Corp's upcoming seven-year bond offer to the public attractive By Shiv Taneja [SINGAPORE] WITH returns expected to be 4.5 perCHRIS LOH - 1,049 words
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Article, Illustration487 1998-11-21 3 Eddie Toh - EYE OH THE REGION: MALAYSIA But impact of capital cnrbs is worrisome in the longer term From, Eddie Toh in Kuala Lumpur THE Malaysian bourse is expected to continue its uptrend in the short term due to falling interest rates and theFILE PHOTO - 487 words
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Article, Illustration903 1998-11-21 4 Shiv Taneja - Henderson believes the extreme volatility is over and a pick-up may be on the way Hy: Shiv Taneja [SINGAPORE] INVESTORS paralysed with fear by the extreme volatility in the global technology sector over the past 12 months should take heart this isSource: S&P Micropal - 903 words
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Article, Illustration546 1998-11-21 4 Raju Chellam - By Raju Chellam Trading To Win: The Psychology Of Mastering The Markets. By Ari Kiev. Published by John Wiley Sons. 257 pages. Price U5534.95 New Trading Dimensions: How To Profit From Chaos In Stocks, Bonds, And Commodities. By Bill Williams. Published by John Wiley546 words
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653 1998-11-21 4 Ben Fok - Investment goal, trust's performance among key factors Ity Ben Fok The writer is a manager and fund specialist with Fraser Securities. [SINGAPORE] Investors are constantly being told why they should buy a particular unit trust and when, but equally, why should they653 words
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Article, Illustration341 1998-11-21 4 Compiled by BT Investment objective Long-term capital growth through investing in securities listed or traded on the stock markets of the member countries of Apec (Asia Pacific Economic Cooperation). Investment style Emphasis on securities selection using a bottom-up approach. We believe superior long-term investment performance can be achievedCompiled by BT; Source: S&P Micropal - 341 words
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Page 3 Advertisements
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Advertisement4 1998-11-21 3 Wednesdays =<k~=J frjammj THEBUSINESSTIMES4 words
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Page 4 Advertisements
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Advertisement75 1998-11-21 4 rhe G(iroe Meet the George Soros of Ang Mo Kio. a Raymond Quah of Anq Mo Kio leads in The Game the investment competition from Standard Chartered His unit trust portfolio has appreciated by 24.2%' to over $31,000. Follow the fortunes of Raymond and the other p'ayers in the weekend75 words
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Advertisement20 1998-11-21 4 Advancing our leadership in quality sound by creating extraordinary and lasting experiences for our customers. BOSMn Better sound through research20 words
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ASIA'S ECONOMIC SLUMP
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237 1998-11-21 5 Bloomberg [MANILA] The Philippine economy contracted in the third quarter, joining Asian neighbours Thailand, Indonesia and Malaysia in recession, the nation's chief economist said. Socioeconomic Planning Secretary Felipe Medalla estimated that gross domestic product, a measure of the nation's output ofBloomberg - 237 words
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Article, Illustration544 1998-11-21 5 Shoeb Kagda - FVotnl Shoeb Kagda in Jakarta DESPITE recent signs of the Indonesian economy stabilising after contracting significantly in the first eight months of the year, many economists and market analysts remain unconvinced of any improvement in economic fundamentals. The most visible sign that the544 words
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Article448 1998-11-21 5 Ruth Wong - It's first of 4 issues by KL agency buying banks' NPLs From. Ruth Wong in Kuala Lumpur PENGURUSAN Danaharta Nasional Bhd (Danaharta), the agency set up by the Malaysian government to take over banks' bad loans, yesterday issued 1.0216 billion Malaysian ringgit (*****.2 million) worth of448 words
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665 1998-11-21 5 Anthony Rowley - Markets believe the LDP-Liberal pact will lead to tax cut despite political misgivings about deal From Anthony Rowley in Tokyo TOKYO stock prices surged yesterday on the assumption that an early cut in Japan's consumption tax would result from a political665 words
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347 1998-11-21 5 Meera Tharmaratnam - Fron< Meera Tharmaratnam in Kuala Lumpur THE festive season came early for Malaysians, with a new central bank directive that people can pay less on outstanding balances they've chalked up on their credit cards. In a statement yesterday, Bank Negara said that347 words
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357 1998-11-21 5 Reuters [HONGKONG] Hongkong banks cut prime lending rates for the second time in less than a month yesterday but analysts said the widely expected easing was unlikely to boost financial markets, which had already factored in the cut. Major Hongkong banks said theyReuters - 357 words
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Article, Illustration451 1998-11-21 5 Protectionism in US feared if Japan doesn't open markets Reuters [TOKYO] US President Bill Clinton, wrapping up a twoday visit to Tokyo, delivered a stern message to Japan yesterday that it must do more and act faster to pull itselfReuters; AFP - 451 words
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Page 5 Advertisements
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Advertisement192 1998-11-21 5 and Beaujolais Nouveau. At I-c Meridien. yy erf) an eye on mil I \i't UI Jt v 111 I il s 111 ihs/i/a\s his \l;ill/nl <ja mesman shift at the illning tahh lln game lupins us In fi/aus his bits mi nf/fiihsi rs l/l;i I'heasftnt an/1 11nu h nine with192 words
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THE REGION
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Article, Illustration459 1998-11-21 6 KUALA LUMPUR Abdullah further slams Gore, says US should be held responsible for any undesirable incident AFP Bridge News THE US ambassador here expressed shock yesterday at Malaysia's charge that VicePresident A 1 Gore was inciting violence by praisingAFP; Bridge News - 459 words
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346 1998-11-21 6 KUALA LUMPUR Lawyer says he was summoned by police to make statement AFP MALAYSIA'S ousted deputy premier Anwar Ibrahim was charged before police completed their investigations and should therefore be released from prison, one of his lawyers charged yesterday. In a statement, Karpal SinghAFP - 346 words
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166 1998-11-21 6 KUALA LUMPUR AFP MALAYSIA'S attorney-general Mohtar Abdullah said yester* day that he had received an investigation report on ousted deputy premier Anwar Ibrahim's allegations that he was beaten in police custody. Mr Mohtar said he and senior officials of his prosecution division were studyingAFP - 166 words
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Article, Illustration394 1998-11-21 6 KUALA LUMPUR Nazri indirectly controls 26%; MRCB forecast to post first loss in 6 years Bloomberg MALAYSIA Resources Corporation Bhd, or MRCB, may soon see changes in its boardroom, amid reports that its executive director Ahmad Nazri Abdullah is beingBloomberg - 394 words
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Page 6 Advertisements
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Advertisement112 1998-11-21 6 New Theory: Motorola surprises everyone this X'mas with more pmver. -> 1 1 Hc^U -jagg*. MBffr' li»\ji s I his ltistin. |s H M <• j K M .111(1 >\ 1 (Hit's. Mi.'i i'. I Sl,if *M) ~n\ Ml < (I'llllt Sctirs I |)h< iu I! i.ll [),k \(u; ||t112 words
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REGION
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454 1998-11-21 7 Lu Ning - SINGAPORE Short time for handover shows China serious about clean-up: analysts By Lu Ning CHINA has set up a special office to take over all businesses run by the People's Liberation Army, the armed police and the judiciary by the454 words
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Article388 1998-11-21 7 Harish Mehta - From Harish Mehta in Bangkok A WAR of words has broken out between Thai watchdog the Securities Exchange Commission (SEC) and leading auditor Deloitte Touche Tohmatsu Jaiyos (DTTJ), after one of its executives was suspended for irregularities in auditing the books of now defunct388 words
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Article, Illustration436 1998-11-21 7 Loh Hui Yin - It'll help nations in crisis to export their way out: Group of 13 From Loh Hui Yin in Hongkong A GROUP of 13 mid-sized economies, including Singapore, has called on the World Trade Organisation to start aREUTERS - 436 words
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Article, Illustration56 1998-11-21 7 [BEIJING] An old man keeping his home-made wooden puppets dancing by tugging a small wire on a downtown sidewalk yesterday. With China's dramatic state enterprise reforms taking their toll on over 200 million workers, many Chinese are hitting the streets and selling everything from chestnuts andAFP - 56 words
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278 1998-11-21 7 HONGKONG AFP THE Hongkong government said yesterday it had decided to set up a flea market as part of measures to create new employment after the territory's jobless rate hit a record high. "Arising from the recent rise inAFP - 278 words
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288 1998-11-21 7 SHANGHAI Reuters CHINA yesterday took a major step in protecting investors by punishing a listed firm and several individuals for issuing false profit statements. The China Securities Regulatory Commission (CSRC) fined the Chengdu Hongguang Industrial Co and banned three former executives from stock-relatedReuters - 288 words
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310 1998-11-21 7 JAKARTA AFP INDONESIAN soldiers used live ammunition when they opened fire on students during bloody clashes here last week, according to reports yesterday. The evidence emerged as police vowed to bring opposition leaders to trial on suspicion they were behind protests thatAFP - 310 words
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181 1998-11-21 7 BEIJING AFP CHINA yesterday summoned the ambassador of the Marshall Islands to protest the tiny Pacific nation's establishment of diplomatic links with Taiwan. •'They summoned me to the foreign ministry yesterday and they called me on the phone again today," said Carl Heine. "TheyAFP - 181 words
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Page 7 Miscellaneous
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Miscellaneous405 1998-11-21 7 TUB WEATUIiK Singapore: Showers with thunder and gusty winds in the early hours over many areas. Temperature (25/32 C) Aria Pwillii Lc/Hl* Cond. Jerusalem 9 2U doudy Stuckhota 1 "t snow Auckland 15.19 showers Mecca 2U/31 doudy Vienna -tt doudy Bangkok 25/33 showm Zurich &3 doudy Bt tjiiiu: -18 bur405 words
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THE WORLD
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548 1998-11-21 8 MOSCOW Fine print to be worked out later but foreigners assured of gradual payment AFP RUSSIA has forged a broad agreement with foreign creditors on how to repay the billions of dollars of debt frozen in August, both sides said yesterday.AFP - 548 words
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350 1998-11-21 8 WASHINGTON US central bank reveals thinking behind policymakers' decision Reuters SOME Federal Reserve policymakers feared that a surprise cut in interest rates last month could worry financial markets unduly, but they agreed to take the risk, the US central bank saidReuters - 350 words
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332 1998-11-21 8 PARIS Reuters EUROPEAN interest rate cut advocates garnered more ammunition yesterday as data showed deflationary forces at work in the German economy and further weakness in French industry. Economists said the figures heightened the potential for a recession in Europe's manufacturing sector,Reuters - 332 words
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422 1998-11-21 8 BAIKONUR, Kazakhstan Reuters RUSSIA yesterday ushered in a new era in space exploration by launching the first module of the US$6O billion (5597.2 billion) International Space Station. A Russian Proton rocket blasted off from Baikonur cosmodrome in the former Soviet republic of Kazakhstan at 0640Reuters - 422 words
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371 1998-11-21 8 THE MICROSOFT CASE Giant uses monopoly to charge consumers more for Windows, says economist Bloomberg [WASHINGTON] Microsoft Corp chairman Bill Gates wasn't "particularly responsive" when government lawyers questioned him under oath about his company's business practices, the judge overseeing the Microsoft an-ti-trustBloomberg - 371 words
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Article, Illustration620 1998-11-21 8 Leon Hadar - LETTER FROM WASHINGTON Start of Clinton Impeachment inquiry was anything but a sexy media event By Leon Hadar IT was one of those historic days in Washington. For the third time in American history, Congress was launching an impeachment proceeding against aAFP - 620 words
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Article, Illustration264 1998-11-21 8 FRANKFURT AFP US Federal Reserve chairman Alan Greenspan said yesterday that target zones for exchange rates were illusory. "The presumption that the creation of target zones for exchange rates can be successful is an illusion," Mr Greenspan said via videolink to the FrankfurtAFP - 264 words
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Article, Illustration252 1998-11-21 8 TOKYO Bloomberg MICROSOFT Corp got a warning from Japan's trade watchdog, which ordered the world's largest software maker to halt "unfair business practices" related to combined sales of its Internet browser and operating software. "We suspect that Microsoft lowered the costBloomberg; AFP - 252 words
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COMPANIES & MARKETS
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636 1998-11-21 9 Siow Li Sen - Waiver conditions available for parties acting in concert with directors By Siow Li Sen [SINGAPORE] The Securities Industry Council (SIC) yesterday said obligatory takeover offers arising from share buybacks by a company will be waived if certain conditions are met. Under636 words
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298 1998-11-21 9 Conrad Raj - Byi Conrad Raj [SINGAPORE] Telecommunications specialist Teledata (Singapore) Ltd said yesterday that it will be appealing against a ban from all future government contracts for the next two years. A statement issued by the company, following yesterday's BT report of the ban, said: "We298 words
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315 1998-11-21 9 R Sivanithy - By R Sivanithy [SINGAPORE] The Stock Exchange of Singapore has embarked on an all-out educational blitz to promote covered warrants among dealers and the general public ahead of a probable launch of a slew of such instruments. Since Wednesday and up to today,315 words
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812 1998-11-21 9 R Sivanithy - HOCK LOCK SIEW R Sivanithy PLAYING the stock market has always been about themes the more convincing they are, the better. At the moment, falling interest rates is by far the main theme that has been helping812 words
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360 1998-11-21 9 Ang Wan May - Equatorial site sale raises total debt reduction to $225 m Reports by, Ang Wan May [SINGAPORE] Including the sale of its stake in Hotel Equatorial, the Nat Steel group would have cut its borrowings by some $225 million to a360 words
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272 1998-11-21 9 [SINGAPORE] City Developments is in no hurry to launch its newly-acquired Hotel Equatorial condominium site which is said to have a low break-even price of $650-$7OO psf. "We bought it mainly to build up our land-bank and are unlikely to launch it in272 words
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REGIONAL COMPANIES
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492 1998-11-21 10 Meera Tharmaratnam - Plan will see Mohamed Nizam exit from the Public Bank group bYinn] Meera Tharmaratnam in Kuala Lumpur PUBLIC Bank, one of Malaysia's most conservative banking groups, showed that not even it could escape unscathed from the financial crisis when it unveiled492 words
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263 1998-11-21 10 David Boey - By\ David Boey [SINGAPORE] APAC Telecommunications Corporation has signed a US$4O million (5565.1 million) joint venture deal with a Singapore govern-ment-linked company to help companies run by China's People's Liberation Army (PLA) set up a nationwide paging network in263 words
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241 1998-11-21 10 Reuters Bloomberg [MELBOURNE] Ansett Australia, Australia's second domestic airline, expects to attract good buyers for its Transport Industries Insurance subsidiary, put up for sale this week, a spokesman said yesterday. "It's consistently profitable. It's a good little business," said Ansett spokesman Peter Young. TheReuters; Bloomberg - 241 words
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505 1998-11-21 10 Hefty HKss.7b provisions to blame, bulk of which is for Indon power project Reuters [HONGKONG] Hopewell Holdings Ltd said on Thursday that it had fallen deeper into the red during the year ended June 30 after provisioning for 90 per cent of itsReuters - 505 words
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Article, Illustration85 1998-11-21 10 [ZHUHAI] Representatives from China's Sichuan Airlines handing out promotional material last Sunday at the China International Aviation and Aerospace Exhibition, in southern China's Zhuhai special economic zone. The biggest airshow in China, which ends tomorrow, has attracted aviation and aerospace firmsfrom over 25 countries despite theAFP - 85 words
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251 1998-11-21 10 [SINGAPOREJ Times Publishing yesterday reported a 22.4 per cent fall in net profit to $20.9 million well below analysts' forecasts of $25.7 million. Revenues for the year ended Aug 31 were $566.96 million, down 0.8 per cent from $571.6 million previously. At the operating251 words
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Article405 1998-11-21 10 Reuters [HONGKONG] The Singapore Monetary Exchange (Simex) will need at least a year to build interest and liquidity in its new Hongkong index futures contract, market professionals here said yesterday. Simex will launch its new contract based on a Morgan Stanley Capital International (MSCI)Reuters - 405 words
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301 1998-11-21 10 Bloomberg (MAIA, Portugal] Texas Instruments and South Korea's Samsung Electronics will close a semiconductor plant in Portugal by the end of March as Asia's economic slowdown slashes demand. The plant in Maia, a suburb of the northern city of Oporto, has 740 employees. TIBloomberg - 301 words
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239 1998-11-21 10 AFP Bloomberg [MANILA] Philippine Airlines said yesterday its net loss nearly tripled to 6.099 billion pesos (*****.3 million) in the first six months of its fiscal year. PAL's net loss in the six months to September 1997 had totalled 2.118 billionAFP; Bloomberg - 239 words
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COMPANY Briefs
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68 1998-11-21 10 [SINGAPORE] Sesdaq listed Panpac Media announced a 73 per cent rise in group net profit to $787,000, for the six months ended Sept 30. This was despite a 20 per cent dive in turnover to $5.1 million. Earnings per share rose 36 per68 words
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56 1998-11-21 10 [SINGAPORE] Giken Sakata yesterday reported a 2.7 per cent rise in turnover to $70 million for the half-year. Net profits rose 12 per cent to $1.2 million, leading earnings per share to rise to 2 cents. Net tangible asset backing per share rose56 words
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54 1998-11-21 10 [SINGAPORE] Bukit Sembawang Estates reported a 80.3 dive in turnover for the six months ended Sept 30 to $4.1 million, while net profit plunged 86.5 per cent to $1.1 million. Earnings per share fell to 4.64 cents. Net tangible assets backing per share dropped54 words
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64 1998-11-21 10 [SINGAPORE] Kang Ah Nuy has sold around 4.5 million shares of Uraco Holdings in the last two weeks. The shares, amounting to 1.42 per cent of Uraco's issued share capital, was held by Hong Leong Finance Nominees and were sold for between 23.4 and 27.564 words
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REGIONAL/INTERNATIONAL COMPANIES
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512 1998-11-21 11 It posts 72b yen pre-tax profit in HI, reversal comes on back of reduced bad debt write-offs Bloomberg [TOKYO] Bank of Tokyo-Mit-subishi, Japan's largest lender, and other banks warned they will lose money for a second year as banks struggle toBloomberg - 512 words
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300 1998-11-21 11 Barnes Noble posts US$4.6m Q3 loss Reuters [NEW YORK] Barnes Noble, the largest US bookseller, on Thursday posted a wider-than-expected third-quarter loss but said the sale of a half interest in its online venture to Bertelsmann would bring a US$64 million (*****.7 million) gain in the current quarter. On aReuters - 300 words
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258 1998-11-21 11 Bloomberg [DALLAS] Alcatel SA, the world's No 4 telephone equipment maker, was sued by the state of Florida for allegedly hiding financial problems until it had completed its purchase of DSC Communications Corp, in which Florida invested some of its funds. Irt the suit,Bloomberg - 258 words
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Article, Illustration50 1998-11-21 11 [BURBANK, California] Retirees of the Walt Disney Company picketing outside the company's headquarters in Bur bank, California on Thursday to protest the loss of health benefitsfor retired long-term employees. The protesters allege that the Disney company reneged on the settlement terms of their class-action lawsuit. REUTERSREUTERS - 50 words
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258 1998-11-21 11 It will reduce assets, axe staff in bid to cat costs by 30% Reuters [TOKYO] Japan's Nikko Securities Co Ltd said yesterday that it would post special losses totalling 131 billion yen (Ssl.B billion) in its parent earnings in the year toReuters - 258 words
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297 1998-11-21 11 AFP [SEOUL] Daewoo Group is expected to post a net profit of 670 billion won (SsB62 million) in 1998, Daewoo Corp president Chang Byung Uu said yesterday. "This year, all units will make a combined net profit of 670 billion won," Mr ChangAFP - 297 words
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258 1998-11-21 11 AFP, Bridge News [TOKYO] Mitsui OSK Lines and Navix Line plan to merge in April next year to create Japan's largest shipping company, reports and government officials said yesterday. "The two companies are to merge next April," a transport ministry official said, addingAFP,; Bridge News - 258 words
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517 1998-11-21 11 They say plan to cot long-distance rates is too little, too late Bloomberg [FRANKFURT] Deutsche Telekom AG, Europe's largest phone company, could see its earnings drop by 20 per cent next year as it proceeds with its plan to slash long-distance pricesBloomberg - 517 words
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FINANCE & COMMODITIES
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264 1998-11-21 12 Deposit ratings down by one or two notches bnt are still investment grade Bloomberg [TAIPEI] The Bank of Taiwan and nine other Taiwan banks had their credit ratings cut by Moody's Investors Service Inc. All the banks sustained one or two-notch downgrades inBloomberg - 264 words
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397 1998-11-21 12 End-Sept figure is 99% drop in 3 months at Wall St hedge fond Bloomberg [WASHINGTON] Long-Term Capital Management has reported its stock portfolio was worth US$6.9 mUlion (5511.2 mUlion) at the end of September—a drop of almost 99 per cent from the value reportedBloomberg - 397 words
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199 1998-11-21 12 Bloomberg [MELBOURNE] Prices for Australian produced commodities stand to fall by 10 per cent in 1999, as global economic growth slows to its weakest since the early 1980s, Nomura Australia said in a report. Using the Reserve Bank of Australia's currency neutral commodity priceBloomberg - 199 words
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176 1998-11-21 12 Edward Cheung, Jardine Fleming - rtimi-i n Report Mfffrl fflngnpiy* Edward Cheung, Jardine Fleming THE MSCI Singapore futures continued its rally to hit a new high on institutional buying in the cash market. Foreign funds ignored the worse-than-expected export figures as they bought into intra-day weakness to rebalance176 words
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Article154 1998-11-21 12 Cecilia Loh - MSd Taiwan fatnres Cecilia Loh THE Simex MSCI Taiwan Stock Index futures contract posted a modest gain of 0.80 of a point, whUe the underlying benchmark stock index rallied 80.19 points. Electronics shares paced the gain in the Weighted Price Index following an injection of government154 words
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271 1998-11-21 12 ENERGY REPORT Reuters [LONDON] Oil markets drifted near 12-year lows yesterday as traders shrugged off an Algerian attempt to strengthen price rescue efforts at an Opec meeting next week. North Sea Brent crude was trading down six cents at U5511.43 a barrel at 1603Reuters - 271 words
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Article295 1998-11-21 12 Reuters AFP Tiffrntwi THE dollar climbed against the yen after comments from top Japanese officials quelled speculation that a Japan sales tax cut was in the works. The US currency's rise gathered pace as Japan Finance Minister Kiichi Miyazawa said the ministry was not planning on lowering theReuters; AFP - 295 words
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Article, Illustration455 1998-11-21 12 USS/mark: The greenback was on a downside bias against the German mark on the first two days of this week, touching a low of 1.6613 on Tuesday before making a comeback to a high of 1.6885 by Thursday. The unit was seen hovering aroundSource: DBS - 455 words
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278 1998-11-21 12 Bloomberg [NEW YORK] Deutsche Bank Securities cut 50 jobs from its 500-member global fixed-in-come markets group as turbulent financial markets force Wall Street firms to cut costs. Company spokeswoman Macy Egerton said the cuts occurred on Thursday and during the past week.Bloomberg - 278 words
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Article, Illustration1189 1998-11-21 12 nrrntmAMKOQggKATBg Nov20 a$ c> m ro> f> t»i m y- wm m W2$y*«» ss tmt wn tmnrnt ws$ AMWU 1994 6.171 1552 1644 1087 4.964 ********** am 6036 2-446 U95 ***** ***** 1.048 163S 0.995 20.856 ***** 0J«7 0444 2?* Iffi -J 1377 MP 1667 1094 10TT 27.460 4196 0.7901,189 words
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Article1645 1998-11-21 13 S1C0M FUTURES Suv20 WMCtOvtarMdMtatMtflJOva) KSICOWTUCTrtcts/l*) CtoM VMM Opm HMtt M£ 1— tm CI—w) M«*St rt,oic* ttz.00 450 Jm99 112.75 550 FM99 IU.50 925 ■ft99 1025 1175 Apr/Jta99 09.50 119.50 H9.50 ISO 2550 JNCW 99 123.50 150 Oct/OK 99 127.00 •SS3C0N1IACT VMM* OpM f MMtt Mgk I— S>tt (tM—i)1,645 words
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Article2304 1998-11-21 13 'LONDON Mistrials a*«M hm 31oup .541.400 3~400 AB Ports 285.000 -1.400 *66ey National 1293.000 33.000 Allied Domecq 516.000 1.600 AMed Zurlcti 784.400 31.000 >mec 164.400 2.4O0 Asda Woup 156.400 5.400 BAT Ind 538.200 21.200 BC Pie 413.200 3.800 ■BKiC 61.400 -0.600 BOC Croup 926.000 1.000 BR Petroleum2,304 words
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Article1599 1998-11-21 13 Bloomberg PNikkei 235 ******8 JAPANESE stocks soared to their highest in 10 weeks after Prime Minister Keizo Obuchi agreed to consider cutting income taxes further and revising a controversial sales tax. Ito-Yokado Co and other retailers rallied as the move assuaged concerns the recovery programme unveiled on Monday doesn'tBloomberg - 1,599 words
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Article, Illustration1584 1998-11-21 14 Reuters AFP P Hang Seng -79J4 STOCKS wiped out earlier gains to close lower yesterday, succumbing to profittaking ahead of an anticipated local interest rate cut later in the day and with limited upside in sight, brokers said. The Hang Seng Index lost 79.94 points, or 0.78 per cent,Reuters; AFP - 1,584 words
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Article, Illustration574 1998-11-21 14 Reuters 71 Shcrahcnß Index +0.09 SHENZHEN'S hard currency B shares edged higher in light trade yesterday, with individual investors showing speculative interest in shares under trading curbs, analysts said. The B Share Index gained 0.09 of a point to 62.92 on turnover of HK$7.l million. Retail investors took advantageReuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 574 words
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Article355 1998-11-21 14 AFP OWFlnfcx +80JI TAIWAN share prices closed 1.1 per cent higher yesterday amid improved sentiment fuelled by government moves to support the stock market. "Investors rushed to buy at lows. Many were afraid that they may miss good buys," said Calvin Chiang, analyst of Capital Securities. "This kind ofAFP - 355 words
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Article264 1998-11-21 14 Reuters Q Wellington +4JS THE New Zealand stock market ended firmer yesterday, with the NZSE-40 Index up 0.35 per cent or 6.95 points at 1,976.23. Brokers said the market benefited late in the day from several large crossings, particularly into blue chip Telecom. Reuters ■«r>« m (OOOI ANZ BankingReuters - 264 words
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Article, Illustration770 1998-11-21 14 AFP SET Index *13.37 THAI shares closed yesterday 3.7 per cent higher in heavy volume, with sentiment bolstered by offshore buying and the authorities' flexibility on limits to net settlement trades, analysts said. They said a Securities Exchange Commission circular to brokerages notifying them of more flexibility in theAFP - 770 words
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Article420 1998-11-21 14 AFP PI Composite Intel ***** SOUTH Korean share prices rose 2.7 per cent yesterday but ended off their highs after a heady session of futures-led buying offset by heavy profittaking. The index closed up 11.87 points at 452.93, off a high of 464.12 and a low of 440.87. VolumeAFP - 420 words
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Article588 1998-11-21 14 AFP HAnOrfatfta +ZM SHARE prices gained 0.8 per cent yesterday, with buoyant banking stocks and a surge on Japan's Nikkei fuelling the rise, brokers said. The All Ordinaries Index finished 23 points stronger at 2,703.6. Turnover totalled 409.95 million shares worth A$l.2S billion. The All Industrials Index shot upAFP - 588 words
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Article, Illustration722 1998-11-21 14 AFP Composite Index ♦2453 SHARE prices jumped to close 6.5 per cent higher yesterday, hurtling past the psychological 400-point level in heavy trade with a firm rupiah buoying investor confidence, dealers said. Some investors are beginning to take a fresh look at do-mestic-demand plays like Gudang Garam, Sampoerna andAFP - 722 words
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Article316 1998-11-21 14 AFP PHILIPPINE share prices closed 1.2 per cent up yesterday on aggressive buying of blue chips and second-line issues sparked by talk of looming mergers or acquisitions, analysts said. The Philippine Stock Exchange Composite Index rose 22.68 points to close at 1,841.69. Volume reached 1.17 billion shares valued atAFP - 316 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration413 1998-11-21 15 AFP Q Composite Index +198 MALAYSIAN share prices finished 0.6 per cent higher yesterday on retail support, with buying interest focused on cheaper stocks, dealers said. The Composite Index rose 2.98 points to close at 461.56. The Second Board Index was up 5.23 points toAFP - 413 words
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Article8942 1998-11-21 15 INDUSTRIALS Consumer products '"8 Last Vo4 Day Net Cap Ml* Low Company Sat* 000 High Lorn P/C Smtl 310 170 Ajmomoto 265 14 6 107 4 148 35 Angkasa 66.5 unch 3 67.5 66.5 961 290 123 Apollo Food Hlg 220 1 10 220 219 7.7 88.0 388 108 Barjaya8,942 words
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WARRANTS & OPTIONS
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Article2610 1998-11-21 16 BONOS. LOANS t WARRANTS wt 1998 Last Vol Day La*t Quote Avg High Low Stno Company Salt tar- 000' High Law Buyer Stntr Prka 20.5 3 3160 "Acer ******1 US$ 13.5 »l.5 157 14 13 13 13.5 95 4.5 3164 Acma ******4 17.5 *1.5 1694 18 5 16 17.5 182,610 words
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178 1998-11-21 16 R Sivanithy - WARRANT WATCH By R Sivanithy WHEN the market is as hot as it is now, fundamentals are often ignored. This is of course a generalisation but is not too far off the mark. Financially troubled companies, especially those with Indonesian links, have been among178 words
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Article231 1998-11-21 16 HONMOM STOCKS Or Cr 199a LMt Vol Day Last Oust* Dtv Dtv Ytd M Cap High Law Stna Company Sato COOOI Mlph Low Buyar SaHar C'vr P/E $m* 400 250 5123 COL (2000) HK 400 400 8.0 2.4 2.0 20.5 7744.7 5124 Catftay Pac 20c HK—720 265.0 2-t231 words
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7045 1998-11-21 17 Transaction date: Nov 20 Cf Cr M Wt M u*t Vol Day Laat Quota Otv Mv YM Nat Cap Ay« L JtM« CtfflHKy Salt COOO) High L— l«vr SaNar Cvr P/I JmU Prlca MULTHNOUSTIY 'fi, i? 5 '000 AcmaSOc. 80 *3.S 3098 82.5 77.57,045 words
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Article1178 1998-11-21 17 L*» V«4 Day Last Ouotl DN Dtv YM Hat Cap A™ MH> L— UNa Ciw>m» M» (TXX» Law 8rar MNf It Cw Pfl <— Prtca MANUFACTURMO 243 30 2049 AS Auto 10c 02 *3 4867 07 m m tl2 1S.0N 73 U 10.6 127.9 109 82 45 20S1 ASJ1,178 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration328 1998-11-21 18 UangMaatlOc 53.945.000 Wing Tai 25c 47,716,000 •TanChooqlnt50c 37,068,000 Hotel Prop 24,748,000 KeppeiLandSOc 22,368,000 DBS Land 21,349,000 Keppei Bank 16,242,000 SingTei 15c 13,582,000 Keppei Corp 13,193,000 PCI 25c 11.897,000 StodB > Wing Tai 25c 57,956.915 Keppei Corp 52,658,759 DBS Land 48,867,922 Keppei Land50c 44.285,980 DOB Foreign 40,335,643 Keppei Bank 39,275,083 SingTel328 words
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Article, Illustration614 1998-11-21 18 Ven Sreenivasan - STOCK MARKET COMMENTARY Funds still baying, with optimism underpinned by falling interest rates and cost-cutting measures By Ven Sreenivasan [SINGAPORE! Local stocks yesterday continued their surge powered again by ftinda-led buying. Hie market's strength was underpinned by optimism that the combination614 words
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ON THE GRAPEVINE
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Article99 1998-11-21 18 CONTRARY to hot gossip, Americans do pay their bills. Towards the close of this week's A pec meetings in Kuala Lumpur, talk began circulating that the US delegation—which had taken over much of the Renaissance Hotel along with additional rooms at the New World Hotel —didn't want to99 words
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105 1998-11-21 18 DEUTSCHE Bank said yesterday that it has become the flrst bank to be granted an approved intermediary licence for stock borrowing and lending in India. "There is strong demand in India for securities borrowing and lending from berth domestic and international financial institutions,"105 words
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Article82 1998-11-21 18 KUALA Lumpur may boast the world's tallest building, but Sentosa has now laid claim to South-east Asia's tallest sand sculpture. Raised as the centrepiece of the launch of a "bigger and better Siloso Beach" the sculpture features "the reunion of Toots and his Papa and Mama82 words
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Article80 1998-11-21 18 THE smart money must still be on Malaysia lifting its capital controls. Take a look at what happened this week. The Singapore stock market's main barometer, the STI, leapt by 8.5 per cent from 1,241.74 points to 1347.9 points, helped by the strong return of foreign institutional80 words
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Article79 1998-11-21 18 HONGKONG, one of the most flamboyantly free of free markets, plans to add another feather to its boa The government announced yesterday it was setting up a flea market as part of measures to create new jobs after the territory's jobless rate hit a record79 words
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Article, Illustration69 1998-11-21 18 Shiv Taneja - by Shiv Taneja LIANG Huat Aluminium closed unchanged yesterday at 18 cents on a phenomenal volume of 53.9 million shares compared with its 10-day average of 1.17 millidn shares. There is a weak buy signal for the counter on the daily RSI and Stochastics charts. However, a lot69 words
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Page 9 Advertisements
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Advertisement136 1998-11-21 9 i Subscribe to 6 months of TheßusinessTimes SIXOAPORK i and you will get one month FREE Promotion ends 30 December '9a ST/SUT Yes) Start me on a 6-months pre-paid subscription at fust $132,601 Dr/Mr/Mrs/Ms NRICNo: Send to: 'Singapore Press Holdings Limited' Profession: Sex: M/F Newspaper Services Division Circulation Department, Company:136 words
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Page 10 Advertisements
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Advertisement109 1998-11-21 10 CREATE YOUR OWN BENTO SET For only $28.00+++ Vwr IW r At the Ginga, we believe that you should have a say in what goes into your Bento Box. That's why we are letting you choose 11 of your favourite Japanese treats from our selection of Appetizers, Fresh Raw Seafood,109 words
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Page 11 Advertisements
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Advertisement18 1998-11-21 11 w Wednesdays By Yang Razali Kassim CHINA imSva Thursdays By Lu Ning X&Rmp Mondays By Vikram Khmma THEBUSINESSTIMES18 words
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Advertisement76 1998-11-21 11 Nawunville Brand New Apartments 4 at 11 Nassim Road 4 The most prestigious address in this Garden City of Singapore Viewing on 21.11.98 (Saturday) 11 a.m. to 4 p.m. Tranquility of green surroundings Luxurious thoughtfully designed 2, 3 or 4 bedroom apartments Swimming pool, jacuzzi, gymnasium sauna jll Close to76 words
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Page 12 Advertisements
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Advertisement6 1998-11-21 12 The Straits Times Classified Where CATS.6 words
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Advertisement4 1998-11-21 14 I- s Thkßijbini^Tim® TheßusinessTimes4 words
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Page 15 Advertisements
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Advertisement19 1998-11-21 15 Make The Straits Times Classified your first pit stop when L shopping for your car or motorbike, j I?19 words
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Page 16 Advertisements
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Advertisement30 1998-11-21 16 The secret of success is... 11l Taking the right course, of course. Study the wide range of courses available in the Education/Training Section in the Classified Classifications 700 to 799.30 words
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Advertisement39 1998-11-21 16 VnUUT TALK n I ITF campaign vessel highlights I unsavoury side of shipping i j 3 t, j 2 55 1 J fUlftt wtr'4 ■—JM I «k» J7. **Ttj TWnnl 1 ft kHE£SS I Strait Talk TheßusinessTimes Shipping times39 words
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Page 17 Advertisements
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Advertisement10 1998-11-21 17 I 4 She full use OF TODAY THE BEST PREPARATION10 words
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Advertisement16 1998-11-21 17 _—j- ilf<? ij> j&. ifc' i{ >r > gMF rSc ,/mmt Is. \tzz*/ jtM B I \a^Hl*vl^'"16 words
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Advertisement6 1998-11-21 17 Imagination /.v more IMPORTANT t/jcin KNOWLEDGE^6 words
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Page 18 Advertisements
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Advertisement456 1998-11-21 18 BUSINESS Sot ices lo advertise call toll-free IXOO-741 18X3 Wf LUM CHANG HOLDINGS LIMITED (Incorporated in the Republic of Singapore) The Directors of Lum Chang Holdings Limited ("the Company") are pleased to announce the books closure dates for the proposed first and final dividend of 2.5% less income tax of456 words
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Advertisement82 1998-11-21 18 ROTOR INTERNATIONAL PTE 1/TP (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap. 50 that the Final Meeting of Members of the above-named Company will be held at 50 Jalan Sultan #21-04 Jalan Sultan Centre, Singapore *****4 on 23-12-1998 at 9.30 am for82 words
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Advertisement191 1998-11-21 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SUNBIRD PRIVATE LIMITED (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 296 of thejtompanies Act (Cap. 50) that a meeting of the creditors of the aj>«/e named Company wiU be held at 3918 Orchard191 words
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Advertisement85 1998-11-21 18 rUr las. >-*' I wM *h: f <- |pjp and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification,85 words
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EXECUTIVE Lifestyle
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Article, Illustration1640 1998-11-21 19 PARVATHI NARAYAN - COVER STORY He goes to a face spa for colleen treatments j and fruit acid peels to improve his complexion, fusses over his hairstyle, and visits his dentist because he wants whiter teeth and a less gummy smile. A case of simplel^w, or is there moreFILE PHOTO - 1,640 words
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STRAWS In The Wind
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Article93 1998-11-21 19 YOU'VE heard of the Lord's Prayer. Here comes the Shopper's Prayer, now circulating in the Internet but amended here for local tastes: Our Donna Which art in Karan Hallowed be thy Calvin Klein Thy Cartier watch Thy Chanel bag In Hermes As it is in Armani Give us93 words
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Article50 1998-11-21 19 EVEN fairies have problems. At least according to this notice sent to us by a PR lady in charge of a Christmas lightup: "I would like to inform you that the 'flying' by the Christmas Fairy has been cancelled due to logistic problems." Hmmm. Cat got her wings, perhaps?50 words
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Article49 1998-11-21 19 STILL ON press releases, some PRs should double-check their reading material before trying to show off. One press release we received invited us to a women's talk titled: "Men Are From Mars, Women Are From Venice." Then again, perhaps one of the speakers was a travel agent.49 words
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ENTERTAINMENT
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Article, Illustration847 1998-11-21 20 SUSAN TSANG - Catch up with the latest Teutonic movies at next week's small but choice festival, susan tsakg has the details SUSAN TSANG HOT on the heels of the Italian and the French Film Festivals comes the German Film Festival, which lasts from Nov 26 to 29.847 words
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Article, Illustration729 1998-11-21 20 Parvathi Narayan - NIGHTSPOT At 9,000 sq ft, Madam Wong's feels like a great retreat in space-starved Singapore By\ Parvathi Narayan A RECENT visitor to Singapore was happily surprised at the choices of syncopation uneven movement from bar to bar offered on Mohamed Sultan Road. Compared to the EmeraldCHRIS LOH - 729 words
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Article, Illustration622 1998-11-21 20 Susan Tsang - CINEMA Will Smith's life is systematically taken apart when he becomes the Enemy Of The State By I Susan Tsang ENEMY Of The State boasts a rich offering of goodies to appeal to viewers across the board. It is an action622 words
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VIEWPOINT
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818 1998-11-21 21 Jaime Ee - Off the cuff Nowadays, the B(A) rating might as well stand for Restricted Access when it comes to bringing food and drinks into the movie halls by Jaime Ee A FUNNY THING happened to a friend of mine at the movies the818 words
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Article, Illustration749 1998-11-21 21 CLARISSA TAN - Loyalty begets loyalty. CEO Daniel Meiland tells cmiihm tax about the musketeer strategy which is working so well at his head-hunting firm CLARISSA TAN WHEN your business is to single out the best person for top-notch executive positions, chances are you become adept atSIEW YAW HOONG - 749 words
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715 1998-11-21 21 ASK Daniel Meiland a question about his company, and he's likely to tell you gently that he prefers to call it "the firm". "It's just the professional nature of everything we do and in that context we'd like to use that word," he says. Being715 words
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EPICURE
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Article, Illustration824 1998-11-21 22 JAIME EE - Imperial Hot Wok is doing brisk trade at Far East Square. The recommendations are good and the soups excellent, but for dessert, jaimbhb heads for the nearby Lisboa Bakery for the perfect egg tart JAIME EE PAR East Square has come a long way from824 words
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Article, Illustration569 1998-11-21 22 Tan Su Yen - PROMOTION Free-flowing jhawipagiiA and all the caviar yon can eat-it'sthe ultimate indolence By 1 Tan Su Yen I WAS thinking of the lovely children's song Baby Beluga, which is about a whale that swims "so wild and free", •when the gentleman at the Tront of569 words
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Article, Illustration230 1998-11-21 22 CRAVINGS HIGH fashion brand Chanel never ever has sales. One reason for this is because even in difficult times, its select, high net WdrtJyclients can still afford an elegant Chanel suit or two. The same happy circumstances must apply to clients of Raffles Grill,230 words
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Article, Illustration105 1998-11-21 22 RUMPOLES at Trader's Hotel started the ball rolling as far as affordable set lunches were concerned when it launched its $9.90 oxtail set. For the festive season, the restaurant has come up with yet another price-buster a four-course meal for $18 nett, consisting of appetiser, soup, entree, dessert,105 words
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Article117 1998-11-21 22 COMPETITION on the food and beverage scene is so hot, even buffet tables aren't spared. To set itself apart from the competition, Marina Mandarin's Brasserie Tatler has come up with something called themed buffets which change every night. Mondays are for "Pacific delights" like smoked mackerel or shark117 words
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Article135 1998-11-21 22 Tan Su Yen - Compiled by Tan Su Yen THE ONSET of the monsoon rains has seen a dismal yet pricey crop of leafy green vegetables in the markets. How then to put enough veggies on the dinner table? Devagi Sanmugam of cooking school The Epicurean Kitchen suggests opting for hardy, temperate135 words
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Article, Illustration686 1998-11-21 22 Tan Su Yen - M TRAVELLING GOURMET Seafood lovers in Melbourne swear by Toofeys. Ton will too By Tan Su Yen MODERN Australian Cuisine has long moved beyond its stodgy meat and potatoes roots to embrace Mediterranean and Asian accents. The problem is that most visitors to AustraliaTAN SU YEN - 686 words
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STYLE
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Article, Illustration580 1998-11-21 23 PARVATHI NARAYAN - With the reopening of Paragon Shopping Centre, a sculpture garden concept has been added to busy Orchard Road, parvathi narayam admires the works on site PARVATHI NARAYAN BEING a dime a dozen in Singapore, it is a sensible ploy for shopping centres to create a specialPHOTOS BY SIEW YAW HOONG - 580 words
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Article, Illustration475 1998-11-21 23 Jaime Ee - GOOD BUYS Expect one pleasant surprise after another at the new Life Shop By, Jaime Ee IF THE rustic ceramic plates at the ultra-hip Mezza-9 have caught your eye, rejoice. Because while the eatery's crockery isn't on sale at its gift shop,475 words
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Article, Illustration597 1998-11-21 23 Tan Su Yen - EXHIBITION Estee Lander makes some lasting impressions with its miniature compacts By 1 Tan Su Yen THERE are few pleasures as decadent as perfume. Ask anyone who has been tempted by the blitz of heady scents hitting department stores at this time of597 words
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LEISURE
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Article, Illustration512 1998-11-21 24 M Yasotha - Compiled by M Yasotha MUSIC Fool's Garden A live performance by this five-man German pop band who became famous with the hit single Lemon Tree. Nov 22,5pm at Palm Valley, Singapore Botanic Gardens. Admission is free. Singapore Symphony Orchestra: Music Blasters Serles/Rachmaninov Cycle Hailed as one of today's512 words
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Article, Illustration638 1998-11-21 24 VIVIAN WANG - Whatever one may say about David Helfgott's status as a classical pianist there is no denying the charm of his music-making. viraii wamo finds his recital a strangely liberating experience VIVIAN WANG A COUPLE of years ago, audiences around the world were introduced to an eccentricFILE PHOTO - 638 words
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Article, Illustration803 1998-11-21 25 Ants. Animated feature from Dreamworks, voiced by high-powered stars like Woody Allen, Gene Hackman and Sharon Stone. Z is a lowly worker ant who falls in love with a royal ant. Princess Bala, and winds up saving his ant colony. Lido, Choa Chu Kang, Oriental, Hougang, Woodlands, Jurong, Republic,803 words
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Article117 1998-11-21 25 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 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'wealth 777-0669 Golden/New117 words
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MOTORING
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Article, Illustration833 1998-11-21 26 CHRISTOPHER TAN - With its practicality, carefree image and timeless design, there's simply no topping this Swedish beauty, says Christopher tam CHRISTOPHER TAN AS FAR as open-top cars go, few come close to Saab's interpretation. And it shows. The Swedish marque commands an above-average market share833 words
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TRAVEL
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Article, Illustration1005 1998-11-21 26 SUSAN TSANG - susAXTSAmgets to the bottom of the Camotes Sea SUSAN TSANG Television documentaries have brought tropical reefs and their colourftil wildlife to our living rooms for years, but first-hand experience of this underwater environment has been accessible only to divers. Now, in the Central Philippines, Cebu SeawalkerPHOTOS BY SUSAN TSANG - 1,005 words
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Page 19 Advertisements
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Advertisement6 1998-11-21 19 Art Sculptures at the Paragon ELS6 words
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Advertisement115 1998-11-21 19 Travel Seawalking in Cebu EL 8 I I 1 T' > ((,\v K Ax I K V Ii \V\I, I I h >(,!(>.\"i S|< ,\S< HI II 111 S'\ Of CHICAGO THE LEGEND THE STEAKHOUSE .V /'< < t < /f( //(/</ //f (f/,/t{ 'I". /'t f M ///>'< j,115 words
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Page 21 Advertisements
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Advertisement130 1998-11-21 21 I Blame it on Hs very limited edition. Or thanks exclusiveness. How you look at it depends on whether you I already own it Or toying to get your hands on one. O Namiki 'jPflffL The barrel of this limited edition fountain pen depicts the panda m its natural habitat,130 words
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Page 24 Advertisements
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Advertisement498 1998-11-21 24 Where to wine, dine and entertain... (ojg&a- mm IpqmHHHHBSI "Tunch" is the best tor lunch and high tea rolled into one. Which means longer serving hours and even more scrumptious spreads. Saturday, Sunday Public Holiday Tunch" 12 noon spm £15.80 (Adult) #11.80 (Child) Tunch Karaoke 3pm Bpm *21.80* (Adult) #17.80*498 words
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Advertisement96 1998-11-21 24 h? t 'ml 24-hour Coffee House Ist floor The Chicken Rice Capital Of The World 333 Orchard Road, Singapore *****7. Tel: 737 4411 Sat Sun 12 noon to 5:30 pm Adult $18.80* Child $9.40* Enjoy a leisurely Buffet Lunch that stretches into High Tea every weekend. And for exceptional value,96 words
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Page 25 Miscellaneous
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Miscellaneous2124 1998-11-21 25 TODAY'S TV innoMMmtPßDtthwoto r ■■mm TT T 10.00 AM Response TV. ML too Tamfn Reality in America's powerful tg F --jtT "Jt 1 £nver. The u,« Din. V labour union, The Show s» Ml 41 ifl bites International 2.00 Sports: World Soccer 1 I /^CMdrenf r P° m CTam rothe2,124 words
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