The Business Times, 21 December 1996

Microfilm: NL20750
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    17 1 THE BUSINESS TIMES MITA (P) 023/12/96 85c SINGAPORE Internet: http://www.asia 1 .com.sg/b iztimes WEEKEND EDITION, DECEMBER 21-22,1996
    17 words
  • Article
    MARKET SUMMARY
    60 1 05 Omsk (-2.54) DBT-SRI 1067.32 (+2.88) mm btoomp mm 2lfat2 (4.83) OBTMGA *****2 (4.68) CTWlMAIIEraaHCBS Friday Change KLSK COMP IjNUi +M NIKKEI HANG SKNG l3,ill.41_+28tK SET INDEX 8U79 -IMI JAKARTA COMP _jf*2J2 Mil MANILA COMP +16.82 TAIPEI WPI C3MM ♦ILM SEOUL OOMP mXl *9J0 CUSA CHINA B _l,!7».4t
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  • Article
    FINANCE
    71 1 US$ 8$ USS 1.400 f 1.664 U» DM U4S MM YEN IN M7« 1126 Ml MK 0.864 HKS din It (81 BAHT 0039 9.066 HJP1AH IN 0042 0.069 PUKE BATES SINGAPORE* 144 KUALA LUMPUR. .9.25 JAKARTA 18.00 BANGKOK 11.26 MANILA 13.50 HONGKONG 8JO TAIPH 125 SYDNEY 100 TOKYO .170
    71 words
  • Article, Illustration
    Lock icon Stockbroker Lee & Co lays off staff to cut costs
    465 1  - Stockbroker Lee Co lays off staff to cut costs Move may signal start of industry shakenp Ven Sreenivasan [SINGAPORE] Stockbroking firm Lee Co has started to lay off staff to cut costs and shore up its earnings in what could be the beginning of a shakeup in the sluggish stockbroking
    Source: Bloomberg  -  465 words
  • Article, Illustration
    Lock icon HK developers fight speculation in posh projects
    419 1  -  Bid to forestall possible curbs by government From Quak Hiang Whai in Hongkong HONGKONG developers are taking pre-emptive measures to check excessive speculation in the luxury residential market to stave off any knee-jerk curbs from the government. Henderson Land, one of the largest
    Source: Treasure Land  -  419 words
  • Article
    Lock icon US fixes benchmark rates for phone calls from US
    421 1 Rates for each country to be pegged to per capita GNP Bloomberg Business News [WASHINGTON] American regulators, in a major push to reduce the price of international phone calls, has told phone companies worldwide how much they should charge to complete
    Bloomberg Business News  -  421 words
  • Article
    FCC move didn't trigger talks: SingTel
    91 1 IN response to the article headlined "Talks with US carriers may hit Sing Tel profit" in BT yesterday, Singapore Telecom has clarified that the current negotiations between Sing Tel and major US telecommunications companies are part of normal carrier relations. It said the article
    91 words
  • Article, Illustration
    Non-oil exports down 8.8% in November
    459 1  -  But economists still see turnaround by Q2 next year By i Genevieve Cua [SINGAPORE] Non-oil domestic exports dropped by 8.8 per cent in nominal terms in November, after a marginal 1.1 per cent rise in October which had raised hopes that a turnaround was
    459 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      133 1 DHBPB Last-mmnte good buys Haven't done your giftshopping right? Here's how you can still make a good impression, ELS Reverse mortgages There are some pitfalls which home-owners must be aware of, Pf 3 WBWBTALPB SlMttnkkftmlMtOi rvtradriag Kafi, this pg. Listed broking firms are still highly profitable. pals tap ta Investors
      133 words
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      Page 1 Advertisements Column 2
      181 1 H"Be more independent and rely less on the government. In conquering the mountain, > you may fail many times but treat each failure as a lesson bringing you closer to success." -PMQoh ■tlitr wlf NTP Full report, Pg2 Credit Link provides you with a personal And yes, with Credit Link,
      181 words
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      Page 1 Advertisements Column 3
      8 1 riaim —torn ■har» index remains calm, Pg 7
      8 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      MobileOne aims for top spot in handphone services
      234 2 MOBILEONE (Ml), the second wireless carrier here after Mobile Link, is gunning for the top spot. "We're not content to be number two," said Ml chief executive officer Neil Montefiore yesterday. "We're going for the number one slot. We hope to gain
      234 words
    • Article
      SingTel, TCS in high-speed video deal
      197 2 SINGAPORE Telecom and the Television Corporation of Singapore (TCS) yesterday signed an agreement to distribute video and other high-speed Internet applications via Asymmetric Digital Subscriber Line (ADSL) technology. The ADSL modem is 200 times faster than the standard 28.8 kbs modem. It allows the
      197 words
    • Article, Illustration
      Lock icon Quality of a party's leaders and policies count most: PM Goh
      485 2 Good government is what young Singaporeans are most proud ofc MOE poll THE quality of the individual candidate in an election matters, but what counts more is the quality of his party leaders and the soundness of his party's
      ERIC CHU  -  485 words
    • Article
      PM Goh: Chia's stance suspect
      281 2  -  ay Chuang Peck Ming PRIME Minister Goh Chok Tong yesterday described as "suspect" former Nominated Member of Parliament Chia Shi Teck's "proposition" posture and claim to stand as the voice of an independent. "You can't be a proposition and oppose the government," he said last
      281 words
    • Article
      1996 chemical, petroleum output grew to $22b: EDB
      372 2  -  But 9.5-10.5% growth vanishes if measured in value terms By. Audrey Tan SINGAPORE'S chemical and petroleum industry output is expected to have grown at 9.5 to 10.5 per cent to reach $22 billion this year, the Economic Development Board (EDB) said yesterday.
      372 words
    • Article, Illustration
      Lock icon Swiss achieve highest returns among foreign investors here
      623 2  -  European, US investors in S'pore ontscore Asian ones By, Anna Teo THE most profitable foreign investments in Singapore in 1994 were from Switzerland, the Netherlands, the UK and the US, with returns of around 20 per cent in each case, latest survey
      Source: Dept of Statistics  -  623 words
    • Article
      Lock icon High Court rejects Peter lay's bid to hire QC
      311 2 AMCOL COURT CASE The Straits Times THE High Court yesterday rejected an application by corporate trader Peter Tay Huay Hong to hire a Queen's Counsel (QC) to argue his case against charges of conspiracy to cheat Amcol Holdings in connection with
      The Straits Times  -  311 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      39 2 Em^T^ s 4*NGAPORE j&jjjr f MfJP"°' fN Pn (JUNE "97) BANGKOK ISLE OF PINES JA*4IKTA jflfc SAMVI MEDAN 99 MELBOURNE NEW DELHI f mUKET POUT VILA SAIPAN '99 SINGAPORE jjf JhOAfOKf; THE GOLDEN TRIANGLE TOKK) TOWO II "SR. I
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      171 2 CRYPTIC CROSSWORD nothing less grand a 00WN 9 Prostrate after mishap and SATURDAY'S solution 2 Star name of one who likely to get hurt (8-5) ififtiii won't eat meat (5) 15 Window overlooking the [0^ 11 3 Fall back into another er- sea (8) ror? (7) 17 Adapt again having
      171 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        617 3 Those polled for their views on next week's Singapore stock market outlook are: Deutsche-Morgan, GK Goh, ING Barings, Merrill Lynch, Phillip Securities, SBC Warburg, WI Carr. WBL Corp ♦(Accumulate) DBS Investment Research, Dec 20, 53.06 The group has managed to effectively restructure into a leaner and more
        617 words
      • Article, Illustration
        In My Opinion
        391 3  -  Song Seng Wun Regional economist HG Asia Singapore AKING a tentative peep around the corJ. ner, we are hopeful of better performances from the Asian equity markets next year. Here is a brief look at some of our calls: Hongkong (Overweight): It would be a mistake for
        391 words
    • Article
      Reverse mortgage: pros and cons
      1265 3  -  Home-owning retirees should consider scheme against other options open to them By\ Fong Wai Mun Koh Seng Kee The writers are from the National University of Singapore's Department of Finance. One of the courses they jointly teach is Managing Personal Assets and Finance. [SINGAPOREI SINGAPOREANS'
      1,265 words
    • Article
      Lock icon 15,000 pts seen for Hang Seng
      276 3 Schroders director believes HE boll ran unlikely to end soon Bloomberg Business News [HONGKONG] Hongkong's benchmark Hang Seng Index could go as high as 15,000 points in 1997, a fluid manager at Schroder Investment Management Ltd said. David Lui, a director at Schroders, believes
      Bloomberg Business News  -  276 words
    • Article, Illustration
      JSE is one of Asean's best-performing markets
      940 3  -  EYE OH THE REGION: INDONESIA 1997 outlook positive due to country's strong frniHamnntflk By David Chang The writer is the director of research at PT Vickers Ballets Tamara THE Indonesian bourse turned out to be one of the most exciting and best-performing markets
      940 words
    • Article
      Lock icon US money fund assets down 0.9% this week
      439 3 Bloomberg Business News [WASHINGTON! The assets of US money market mutual funds fell US$B.27 billion (5511.6 billion), or 0.9 per cent, in the latest week, the Investment Company Institute reported. A net U*****.9 billion was invested in low-risk money funds in the
      Bloomberg Business News  -  439 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      31 3 For Horn* or Office deliveries of; The Straits Times, The Sunday Times. The Business Times, LianHe Zaoßao. Berita Harian, Benta Minggu. Shin Mki DaMy News, LianHe Wanßao ca« our Hotfine 1800-749-2577
      31 words
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  • REGION
    • Article
      Japan's austerity budget banks on private demand
      626 4  -  TOKYO In surprise move, it also cuts state role in financing to let private sector play larger part By Anthony Rowley JAPANESE Prime Minister Ryutaro Hashimoto's cabinet yesterday approved an austerity budget in fiscal 1997 to reverse the government's slide Into heavy fiscal
      626 words
    • Article
      Lock icon End of HK's C'wealth link may mean higher tax bills
      273 4 HONGKONG SCMP HONGKONG individuals and companies with operations in British Commonwealth countries, including Singapore, may face increased tax bills because of the territory's change of sovereignty. The government is understood to be preparing to review Section 45 of the Inland
      SCMP  -  273 words
    • Article, Illustration
      Lock icon BOT tries to calm market fears over banks' loan quality
      398 4  -  BANGKOK Non-performing loans stand at 7.7% of outstanding loans By Loh Hui Yin THAILAND'S central bank, in an effort to calm a jittery stock market, has revealed that commercial banks' non-per-forming loans were only 7.73 per cent of their 3.87
      Source: Bloomberg ALLAN  -  398 words
    • Article
      Lock icon China renews bid to raise grain prices to market rates
      298 4 BEIJING Reuter CHINA'S decision to reform its huge agricultural system by raising the price the state pays for grain is part of a renewed bid to introduce market forces, officials said on Thursday. Politburo member Li Tieying announced the ambitious
      Reuter  -  298 words
    • Article
      Lock icon Philippine GDP seen growing 7.1-7.8% in 97
      269 4 U MANILA Govt forecast more optimistic than those of private economists Bloomberg Business News THE Philippine government has forecast that economic growth will accelerate for the sixth straight year in 1997, powered by lower borrowing costs and an expansion in agricultural and industrial
      Bloomberg Business News  -  269 words
    • Article, Illustration
      Lock icon Dr M invites Indian firms to Super Corridor
      243 4 NEW DELHI Bernama, Reuter, AFP MALAYSIAN Prime Minister Mahathir Mohamad last night made a pitch for Indian companies to set up in Malaysia's Multimedia Super Corridor (MSC). The Malaysian premier also promised that Indian investors would not face visa restrictions if they
      Bernama,; Reuter,; AFP  -  243 words
    • Article
      Lock icon LG Semicon, Hitachi cancel M'sian chip venture
      291 4 SEOUL AFP SOUTH KOREA'S LG Semicon said yesterday it would scrap plans to build a Malaysian chip plant jointly with Japan's Hitachi Ltd because of the gloomy prospects for the industry. "We have decided to cancel the plan to build a semiconductor joint
      AFP  -  291 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1673 4 CITY FLIGHT ETA FLIGHT JW S0175 1910 VN740 MM Abu Dhabi BY610 2025 GA890 0120 HatYai MI893 MIS TG408 0820 BY609 0735 TG407 2120 MI894 1045 Adelaide S0230 1815 0F82 2050 MI896 «0 0F81 1930 BY610 2140 Hiroshima S0977 1720 S0978 0M5 Amman RJ187 0130 HoCMMInh
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    • Article, Illustration
      Lock icon China has no right to form new HK assembly: Britain
      470 5 LONDON On the eve of Selection Committee meeting, Patten suggests taking matter to The Hagne Reuter, AFP BRITAIN yesterday urged China to reconsider its plans to set up a provisional legislature for Hongkong and said there was no justification for
      Reuter,; AFP  -  470 words
    • Article
      Lock icon Kim revamps cabinet ahead of polls next year
      342 5 SEOUL Reuter SOUTH Korean President Kim Young Sam reshuffled his scandal-tainted cabinet yesterday, introducing new faces to polish his government's image as it heads into a presidential election year. A spokesman for the presidential Blue House announced a string of new appointments
      Reuter  -  342 words
    • Article
      Lock icon Taipei's pushing for Teng-hui to visit S-EA: newspaper
      206 5 TAIPEI AFP TAIWAN is pushing to have President Lee Teng-hui visit South-east Asian countries to cement and upgrade bilateral ties in the absence of diplomatic links, the United Daily News reported here yesterday. Some countries have agreed to the visits but asked
      AFP  -  206 words
    • Article
      Lock icon Insurance bill meets resistance in India
      199 5 NEW DELHI AFP THE Indian government yesterday introduced a controversial bill to overhaul its insurance industry despite stiff opposition from its left-wing allies. The government introduced legislation to grant statutory status to the Insurance Regulatory Authority (IRA), which its critics fear will pave the
      AFP  -  199 words
    • Article
      Lock icon Taiwan tycoon gets 4-year jail term
      339 5 TAIPEI Hnalon chief Oung Ta-ming found guilty of stock manipnlatioii Reuter TAIWAN has sentenced a tycoon and former politician to four years in prison for stock manipulation and involvement in a share payment default scandal, a court official said yesterday. "The court orders Oung
      Reuter  -  339 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      239 5 I —SINGAPORE— 1000 The only performance ranking of Singapore Companies available since 1986 If you are not in this years Singapore loafed 0n... H Singapore 1000 is the only independent, performance ranking of Singapore's top companies since 1986. Published by DP Information Network Pte Ltd, Singapore 1000: Accords recognition to
      239 words
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  • REGION/WORLD
    • Article
      Lock icon US revises Q3 growth up to 2.1%; inflation rate stays tame
      465 6 WASHINGTON Q4 growth seen likely to exceed 2%, helped by consumer spending during the holidays Bloomberg Business News THE US economy exhibited a bit more momentum in the government's final estimate of third-quarter growth though inflation remained tame, Commerce
      Bloomberg Business News  -  465 words
    • Article
      Subpoena on Clinton defence fund, campaign donations
      351 6 WASHINGTON THE US Justice Department has sent subpoenas to the White House and President Bill Clinton's legal defence fund demanding information as part of its probe of questionable fundraising, US officials said on Thursday. The subpoenas were the latest in a series of
      351 words
    • Article
      Lock icon Clinton all set to name the last few cabinet appointments
      192 6 WASHINGTON AFP PRESIDENT Bill Clinton was set to announce the last of his cabinet appointments yesterday, when he is expected to name his labour, housing, energy and transportation secretaries, the White House said. "This will complete the selection of his
      AFP  -  192 words
    • Article, Illustration
      Lock icon Peru refuses to release jailed guerillas
      363 6 LIMA, Peru Japan, Peru disagree sharply on how to handle hostage crisis Reuter PERU'S government refused yesterday to release jailed comrades of leftist guerillas who held nearly 400 hostages at the Japanese ambassador's residence for a third day. An emergency meeting of ministers agreed
      Reuter; AFP  -  363 words
    • Article
      Lock icon Nafta has little impact on US jobs, says study
      274 6 WASHINGTON New method used to study job growth and loss from trade pacts Bloomberg Business News THE North American Free Trade Agreement, one of the most contentious trade accords in recent US history, has had little effect on US jobs, according
      Bloomberg Business News  -  274 words
    • Article
      Lock icon Plans for Net copyright dumped
      118 6 ■GENEVA AFP. Bloomberg Business News THE international conference on copyrights here yesterday abandoned plans to protect authors' rights on the Internet. It dropped consideration of an article which would have extended copyright protection to copies made on computer networks. This was strongly opposed by Internet
      AFP.; Bloomberg Business News  -  118 words
    • Article, Illustration
      Lock icon Aussie race row MP attacked by 4 children
      249 6  -  SYDNEY By I Surinder Singh AUSTRALIAN independent MP Pauline Hanson was attacked in her electoral office in Ipswich, Queensland, by four children aged from nine to 12, television news reports here said yesterday. Appearing distraught and shaken before television cameras, Ms Hanson
      FILE PHOTO  -  249 words
    • Article
      Lock icon Clinton govt prepares plan to let banks into new fields
      444 6 WASHINGTON Move may help Congress finally revise banking laws Bloomberg Business News THE Clinton administration hopes to increase competition in the financial services industry with a plan that would allow banks new access to securities markets and other fields, Treasury
      Bloomberg Business News  -  444 words
    • Article
      Lock icon Clinton meets another Chinese minister
      143 6 WASHINGTON AFP PRESIDENT Bill Clinton and a top Chinese official touched on a range of thorny topics on Thursday in the second meeting this month aimed at shoring up ties with Beijing despite grumblings from Republican legislators. Mr Clinton discussed human rights. China's ballooning bilateral
      AFP  -  143 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      81 6 DOONESBPRY By Garry Trudeau OKAY. THIS TSIUH&Z£I W^K^SOTTO WHEW!THAT* IHOPBYOWRS UTANT THB MAIN ART W THB Ff A LOT OF NOT OFFBTVBP f R^TT^DuW INSTALLATION.■ RULBIT! fTHASW9B PtSTRBSSBt? OYSUCHANUN- I W. COMPIBTBLY IN THB FACS J STBBLANT? I /SCOMM/9' J FOR. TRUMP- J CANm V DO YOU KNOUJHOOJ VAUMT-1 K
      81 words
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  • COMPANIES & MARKETS
    • Article
      SRI fund ends Day 1 at offer price of $1
      174 7 [SINGAPORE] The Singapore Regional Index (SRI) fund got off to a quiet start yesterday, finishing its first day of trading at its offer price of $1. The counter had risen to an intraday high of $1.08 in the morning a
      174 words
    • Article, Illustration
      Lock icon Electronics index calm despite fall in Nov non-oil exports
      304 7  -  Trade numbers might stay sluggish but underlying trend seems to be np, says analyst By, Jennifer Lien [SINGAPORE] Electronics stocks closed neutral yesterday despite worse-than-expec-ted November non-oil export figures, which analysts said was nothing to be alarmed about. The SES Electronics
      Source: Bloomberg ALLAN  -  304 words
    • Article
      QAF posts 25% drop in interim earnings
      295 7  -  By Ven Sreenivasan [SINGAPORE] Bread maker and supermarket operator QAF Ltd has recorded a 25.5 per cent drop in net earnings to $6.23 million on the back of a 15.36 per cent fall in turnover to $151.13 million for the half year to
      295 words
    • Article
      SML spending $30m on 6 harbour tugs
      138 7 [SINGAPORE] Sembawang Maritime Ltd (SML) said yesterday it is investing more than $30 million in six new high-performance Z-Drive harbour tugs from Japan for its fleet upgrading. The purchase brings to 34 the number of such tugs which SML owns and operates. According
      138 words
    • Article
      Asian cast may change the script in BIL's Fairfax play
      731 7  -  HOCK LOCK SIEW Russell Baker WHEN Brierley Investments (BIL) announced the purchase of Conrad Black's 25 per cent stake in Australian media group John Fairfax on Monday, director Rod Price dismissed as "utter nonsense" suggestions that his company was a
      731 words
    • Article, Illustration
      Lock icon Van der Horst's Philippine unit to sell US$65m worth of shares
      357 7  -  Utility firm EAPRC says shares to be sold at &50 pesos apiece From, Al Labita in Manila A LISTED unit of Singapore's Van der Horst Ltd is selling US$65 million (Ss9l million) worth of shares to finance its power-related
      FILE PHOTO  -  357 words
    • Article
      Lock icon Yaohan shares gyrate as bonds get junk rating
      240 7 Bloomberg Business News [TOKYO] Shares of supermarket operator Yaohan Japan Corp gyrated as the company ended a turbulent week that saw its stock fall by more than one-fifth after the company announced a broad restructuring and had its bonds downgraded to junk
      Bloomberg Business News  -  240 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article
        HPL's Hard Rock Cafe to open outlet in Madras
        360 8  -  New cafe to be in mid-market hotel slated for opening in 3rd qtr next year tty. Agnes Wee [SINGAPORE] Hotel Properties Ltd (HPL) plans to open another Hard Rock Cafe in India this time, in Madras. It had said earlier this
        360 words
      • Article, Illustration
        Lock icon Foreign group to build Ekran unit mill
        399 8 US, Europe, Brazil consortium wins Ms3J>b pulp and paper plant project AFP [KUALA LUMPUR] A subsidiary of Malaysia's Ekran Bhd has picked a foreign consortium to build its proposed M 53.5 billion (551.94 billion) pulp and paper mill, a report said yesterday. The
        AFP  -  399 words
      • Article
        Tuan Sing to buy Shanghai office space for US$8.8m
        220 8  -  By Michelle Low [SINGAPOREJ Diversified Tuan Sing Holdings has agreed to buy a floor of office space in a Shanghai building for US$B.7B million (5512.2 million), just days after it sold a floor of office space in Hongkong for a tidy
        220 words
      • Article
        Lock icon TA Securities, Bankers Trust in share lending pact
        192 8 AFP [KUALA LUMPUR) Malaysia's brokerage company TA Securities Bhd and US-based Bankers Trust International pic yesterday signed a deal for two-way securities borrowing and lending. Other international companies like Morgan Stanley Group Inc are also keen to link up with TA Securities,
        AFP  -  192 words
      • COMPANY Briefs
        • Article
          UK's IDT to list business in S'pore
          79 8 (SINGAPORE] Shareholders of Hongkong-listed electronics company IDT International have approved the proposed separate listing of its LCD consumer electronic product business on the Singapore bourse. Listed IDT Holdings will raise funds to expand its production facilities and marketing and distribution network. It will
          79 words
        • Article
          Now name is SembCorp
          46 8 (SINGAPORE] Sembawang Corporation will change its name to SembCorp from Jan 1. In an announcement yesterday, the company said the change reflects the progressive and expanding corporation. However, the company is keeping its seahorse logo, which it has used since August 1994.
          46 words
        • Article
          Electronic Resources taps India market
          55 8 [SINGAPORE] Electronic Resources Ltd (ERL) has incorporated a subsidiary, ERI Pte Ltd, to go into the India market. ERL will hold 51 per cent in ERI, with the remainder held by US-based Spectra Innovations, a distributor of electronic components and computer peripherals. ERI will have
          55 words
        • Article
          Parkway buys Kyami shares for A$1.05m
          63 8 [SINGAPORE] Parkway Holdings has bought 1.05 million non-voting convertible redeemable preference shares in Kyami Pty Ltd for A 51.05 million (5|1.16 million). The shares represent a 1-for-l rights issue of 3.5 miUion shares to existing shareholders of Kyami. On allotment of the preference shares,
          63 words
        • Article
          Pokka Corp to buy shares in subsidiary
          85 8 (SINGAPORE] Pokka Corp will hold an extraordinary general meeting on Jan 10 to seek shareholder approval for its purchase of all issued shares in subsidiary Pokka Food (S) Pte Ltd. The deal will be based on the consolidated net tangible assets of Pokka
          85 words
        • Article
          Alexandra backs out of London deal
          40 8 (SINGAPORE] Alexandra Holdings said it had decided not to proceed with an earlier agreement to buy a London office building, York House, for £8.15 million (5518.7 million). No reason was given for the back-out.
          40 words
        • Article
          Metalock interim profit up 80%
          61 8 (SINGAPORE] Metalock (Singapore) Ltd yesterday reported an 80.3 per cent increase in interim net profit to $1.04 million on the back of a 3.9 per cent rise in turnover to $16.27 million. Earnings per share jumped to 4.34 cents from 2.41 cents. Net tangible assets
          61 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        752 8 VMM* »«T*> tat* Arrtvol Do««rtoro MM Sn«t 1204 JM M04S.M 22.12/KH Mi l«M> mm JOS <Mi«s*o 20.12/2100 MM J02 Miqwt* 21.12/0400 >NJ«l 0W94 JOI itooqiKM 2012/1900 C« Tans '2A/94 J04 22.12/1200 t UtHmi I2V94 J12 *M«s*o 20.12/1700 CrottoOMoo 0] J23 MonqsMW 2112, 2300 FMno J14 JKxvjsk* 2112/1800 MM
        752 words
      • Article
        CONTAINER SCHEDULES
        1726 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO SMp Voy No Etb/Btr Booktnq/Botonco Parted From To Rstls From tadm m 21/0700 20/1500 2* 20/1700 1 21/0700 4 2V1200 20/1059 21/0*90 21/1199 21/1459 20/1900 21/0900 2VM00 2VT700 ta In* •M 23/UOO MH 20 20/1700 1 21/0700 4 21/1200 20/1099
        1,726 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon BHP disappoints with 9.8% profit fall in 1st half
        466 9 Q2 figures show increasing improvement in performance, says MD Reuter [MELBOURNE] Australian resources and steel group the Broken Hill Pty Co (BHP) yesterday posted a 9.8 per cent fall in first-half profits, disappointing the share market but avoiding another mauling by
        Reuter  -  466 words
      • Article
        Lock icon Rhone-Poulenc, Merck in animal health tie-up
        351 9 FT [LONDON] Rhone-Poulenc of France and Merck of the US on Thursday announced plans to pool their animal health businesses in a joint venture with annual sales of US$l.7 billion (552.38 billion) which would be the world's largest in this sector. The two companies
        FT  -  351 words
      • Article
        Lock icon China, Southern Airlines prepares for global listings
        331 9 Int'l investors may be offered 25-30% of carrier next year FT [GUANGZHOU] China Southern Airlines, China's fastest-growing airline, expects to proceed with its much-delayed stock market listings in New York and Hongkong in the new year. Li Yongzhen, deputy director of China Southern's
        FT  -  331 words
      • Article
        Lock icon Airtours in Italian cruise line bid
        394 9 452b lira offered in joint bid with Carnival of US FT [MILAN] Airtours, the UKbased tour operator, and its largest shareholder, Carnival Corporation, have offered 452 billion lira (Ss4o7 million) for Costa Crociere, the heavily indebted Italian cruise line. It is the two companies'
        FT  -  394 words
      • Article, Illustration
        Lock icon Honda's 'human' robot
        56 9 [TOKYO] Honda Motor announced yesterday that it has developed the world's first "human" robot, capable of decision-making according to the terrain. The 180 cm, 210 kg battery-powered robot can change direction with various conditions as well as climb stairs or slopes, and can also be operated by
        REUTER  -  56 words
      • Article
        Lock icon Ex-Lazard partner jailed in municipal fraud case
        222 9 Bloomberg Business News [BOSTON] Former Lazard Freres Co partner Mark Ferber was sentenced to 33 months in prison and fined US$l million (Ssl.4 million) by a federal judge for defrauding municipal clients. US district court judge William Young said that Ferber warranted less
        Bloomberg Business News  -  222 words
      • Article, Illustration
        Lock icon Swissair shares plunge 5% after loss warning
        464 9 Plans for major revamp fall short of market expectations FT [ZURICH] Shares of Swissair fell by more than 5 per cent on Thursday after Switzerland's national airline warned it might make a loss for the second year running and announced a corporate reorganisation
        FT; REIITER  -  464 words
      • Article
        Lock icon UK's GKN faces US$554m damages
        272 9 FT [NEW YORK] GKN, one of the UK's largest engineering groups, warned on Thursday it could be hit by legal damages of up to US$554 million (***** million) after losing a compensation claim against one of its US car parts subsidiaries. In what the company
        FT  -  272 words
      • Article
        Lock icon Ameritech sues AT&T over senior exec's comments
        318 9 Bloomberg Business News [CHICAGO] Ameritech Corp said it has sued AT&T Corp for defamation over statements made by John Zeglis, general counsel and senior executive vice-president at AT&T. Ameritech's suit said Mr Zeglis made "knowingly false and malicious" comments to "impede and cast
        Bloomberg Business News  -  318 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Indonesia needs commo market
        121 10 AFP, AFX-Asia [JAKARTA] Minister of Trade and Industry Tunky Ariwibowo said Indonesia needs to develop a commodity market and that the government plans to introduce strong legislation to ensure its success. Mr Tunky told parliament that a study by an international organisation has shown that Indonesia
        AFP,; AFX-Asia  -  121 words
      • Article, Illustration
        Lock icon US$ seen keeping to a range
        406 10 US$/m&rk: The US dollar traded slightly lower to 1.5415 early this week before recovering strongly to touch 1.5628 on Thursday. It then settled to trade around 1.5575 yesterday morning. The US$/mark remains within a broad range of 1.5285 to 1.5670 and a clear break
        Source: DBS Bank  -  406 words
      • Article
        Lock icon NAB keeping options open on merger of Advance, St George
        423 10 Advance Bank asking shareholders to okayAs2.6sbtie-np on Monday AFX-Asia (SYDNEY] National Australia Bank Ltd said it holds 3.03 per cent of Advance ordinary shares and was keeping its options open ahead of Monday's meeting of Advance Bank shareholders where they
        AFX-Asia  -  423 words
      • Article
        Lock icon Fourth biggest Philippine bank may opt for merger
        386 10 Competition from foreign banks hotting up; PCIB&nk talking to PBCom, says paper Bloomberg Business News [MANILA] Philippine Commercial International Bank said it may merge with another financial institution because the entry of more foreign banks is intensifying competition. "We're looking at opportunities,
        Bloomberg Business News  -  386 words
      • Article
        Lock icon HK guidelines for personal trading by fund managers
        263 10 Funds association Working on minimnm standards of control Reuter [HONGKONG] The Hongkong Investment Funds Association (HKIFA) said yesterday it was drafting guidelines on personal account dealing by fund managers with the aim of putting in place a minimum standard of control. Murray
        Reuter  -  263 words
      • Article
        Lock icon Marubeni venture plans plant in Canada
        176 10 Bloomberg Business News [TOKYO] Daishowa-Marubeni International Ltd said yesterday that it plans to invest Cs9oo million (Ss9lB million) to build a paper plant in Peace River, Alberta, Canada. The Vancouver-based venture between Marubeni Corp and Daishowa Paper Manufacturing Co last month started a two-year
        Bloomberg Business News  -  176 words
      • Article
        Lock icon Rise in Simex Euroyen cools
        218 10 SSMEXReport Reuter {SINGAPORE) The recent rise in Simex Euroyen futures cooled slightly yesterday after a feeble rebound in Tokyo stock prices, but dealers said the market remained buoyant. "The rally fizzled out after Tokyo stocks bounced, but it still has some way to go higher,"
        Reuter  -  218 words
      • Article
        Lock icon CURRENCY REPORT
        159 10 AFP New York The US dollar slipped against major currencies except the yen early yesterday in a calm market influenced by profit taking. The dollar remained strong against the yen after a good showing on Thursday despite the announcement that the US-Japan trade deficit had deepened in October,
        AFP  -  159 words
      • Article
        Lock icon Forecast of cold snap in US stop oil prices from sliding
        267 10 ENERGY REPORT Bloomberg Business News, Reuter [LONDON] Oil prices eased yesterday but showed little sign of any significant reversal from prices not far below recent six-year highs. London February futures for bellwether North Sea Brent blend at 1630 GMT
        Bloomberg Business News,; Reuter  -  267 words
      • Article, Illustration
        Untitled
        1341 10 INTERBANK CROSS RATES fJec20 c$ ECU Fir h m Vow Won M$ MftUfcti Nto >«< Sfr im WNK US$ nBW >£8 WU 1239 4J52 M-W ***** 0.906 6.7% 2.008 UI23 *****20.909 U13 3.720 10*5 21.869 20.361 0.471 0795 ;?2 6 0 3 0 W2 3 47 LW W5 5.200 *****
        1,341 words
    • Article
      COMMODITY PRICES
      1746 11 si COM FUTURES Dec20 RUBBER (Mures doting 5.30pm) KS1C0NTMCT<Scwt*A<) Close Volume Open HowM* low Sett (towws) Interest Jan 97 174.75 175 F«0 97 177.75 2050 M* 97 181.00 2125 Apr/>m 97 184.25 5625 97 185.50 5760 Oct/Dec 97 186.75 450 RSS 3 CONTRACT (US ctats/kq) Volume Opm Mowtfc
      1,746 words
    • Article
      WORLD STOCK MARKETS
      2264 11 LONDON Mistrials Ot 20 PtAct AB Ports 271.400 2.400 Abbey National 749 *6.600 A Hied Domecq 425 -8 Am* 91.400 *1 AM* Group 125.200 -1.400 BAT Ind 479.400 -4.600 BtCC 257 4.600 BOC Group 874.400 8 BR Petroleum 693 10 BTR 271.400 -2 Sank of Scotland 310
      2,264 words
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      Lock icon TOKYO
      1628 11 AFP PJ Nikkei 225 +119.79 SHARE prices closed 0.6 per cent higher yesterday with the market underpinned by short-cov-ering and bargain-hunting, brokers said. "Yesterday's buying support is nothing but short-covering after share prices fell so sharply this week," said a broker with a mid-sized securities house. The Nikkei stock
      AFP  -  1,628 words
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      Lock icon HONGKONG
      1621 12 Bloomberg Business News, AFP PI Hang Sen* +284L85 SHARE prices rose 2.2 per cent yesterday, propelled by a late wave of buy orders from European institutions and sharp gains in the Standard and Poor's 500 futures index, dealers reported. The Stock Exchange of Hongkong's key Hang Seng Index closed
      Bloomberg Business News,; AFP  -  1,621 words
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      Lock icon CHINA
      636 12 Reuter, AFP QsiiAngh<>nßlßig -CJB SHENZHEN'S A share index closed sharply down yesterday, continuing its nosedive in the previous few days on Beijing's crackdown on the stock markets, with investors turning increasingly pessimistic, brokers said. But the B share index fell only slightly, thanks to cautious demand for stocks with
      Reuter,; AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  636 words
    • Article
      Lock icon TAIPEI
      390 12 AFP QWP Index +3L26 SHARE prices finished 0.5 per cent higher yesterday as the government raised the ceiling on foreign stock investments in the local bourse. "The rally was mainly driven by the government's move to attract more foreign investment," said Cooper Liao of Jih Sun Securities Investment Consulting
      AFP  -  390 words
    • Article
      Lock icon WELLINGTON
      271 12 AFP Q Wellington +14.07 SHARE prices closed up 0.6 per cent yesterday following a rally on Wall Street. The key NZSE-40 Index rose 14.07 points to 2,349.98. Turnover totalled NZ$9O.9 million. AFP ok m tat room AN2 Bonking 8.55 *0.02 8439 Advontogos HMgi US *0.04 ***** Air N»» 2*olon4
      AFP  -  271 words
    • Article, Illustration
      BANGKOK
      838 12 D SET Index -15.81 SHARES prices dropped 1.9 per cent yesterday to a 44month low on heavy selling of blue chips, particularly in the banking sector, amid concerns about bad loans, dealers said. Aswin Butcha, an analyst at Ekkapat Finance, said the selling reflected concerns about banks' non-performing loans
      838 words
    • Article
      Lock icon SEOUL
      397 12 AFP rl Composite Index +>.> SHARE prices closed 1.4 per cent higher on the Korea Stock Exchange yesterday on expectations of increased stock buying by pension funds, dealers said. "The overall market sentiment turned bullish, but underlying selling pressure seemed quite strong at around 700 points," said a Daewoo
      AFP  -  397 words
    • Article
      Lock icon SYDNEY
      620 12 AFP All Ordinaries +42J SHARES surged 1.8 per cent yesterday following a sharp rise on Wall Street and a late rally which saw a resurgence in BHP shares, brokers said. The Australian Stock Exchange's key All Ordinaries Index rose 42.1 points to 2,373.8. The All Resources Index rose 33.5
      AFP  -  620 words
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      Lock icon JAKARTA
      761 12 AFP n Composite Index +4JI SHARE prices closed 0.7 per cent higher yesterday on the back of gains in selected blue chips such as Telkom, with the broader market quiet ahead of Christmas holidays, dealers said. "It's Telkom which moves the index up and down," a Vicker Ballas Tamara
      AFP  -  761 words
    • Article
      Lock icon MANILA
      310 12 AFP n Manila +2&82 SHARE prices rose 0.8 per cent yesterday, buoyed by a sharp increase on Wall Street. The Philippine Stock Exchange Composite Index gained 25.82 points to close at 3,180.20. Turnover totalled 5.18 billion shares worth 3.35 billion pesos, compared to 5.15 billion shares worth 3.87 billion
      AFP  -  310 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Wall Street gains boost KLSE
        7955 13 Bloomberg Business News, AFP Composite Index *2.03 MALAYSIA'S key stock index closed 0.2 per cent higher yesterday, boosted by gains on Wall Street. "Investors picked up selected blue chips and second liners but turnover was still thin," a broker said. Many fund managers had closed
        Bloomberg Business News,; AFP  -  7,955 words
    • WARRANTS & OPTIONS
      • Article
        New KFC warrant: investors could develop a taste for it
        3661 14  -  WARRANT WATCH By, R Sivanithy A FEW columns ago, we said new warrants are always interesting because eventually, they will become popular and everyone will want them. A fine example of this is Malaysian firm Kentucky Fried Chicken (KFC) Bhd,
        3,661 words
    • Article
      CLOB INTERNATIONAL
      2073 14 Or Or 1 W Day LMlOMto Dh M W M MC« 9—8 Cinn %f *h COOP) t— 9ayar M» Cw ><l >■* US *0 miSOOOAB8SOc 374cJ in* 10 MO 374 368 300 90 4.9 04 7M u»-»* n» 54 ill soot AMOOSOc 94 B6 MS 93 93 94
      2,073 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1219 15 TUMOVCR COOO) VAIUC ('000) CH» Tgg mttrn cn> T«4> MuitrM 39.447 19.023 5*470 12V424 147,699 FMwne. SJM 2,3*6 7,932 62.506 3.9*8 64.474 H«t«» 1,335 149 1.490 3,391 251 3.643 Propwttn 7,933 2.709 10.642 41.611 3.019 51.637 PUnMtton 243 243 *17 617 H*** 91 91 206 206 W-W 6,766 1,915 8.663
        1,219 words
      • Article
        MAIN BOARD
        4383 15 8r 6r M wt *9M Last Val 0«y LMt Ouata Otv Otv YM Nat Cap Ava High Low stNo Cimiiiy Sat* COOO) High low Swyar Mar On p/r M Prtca INDUSTRIALS 5146 ASE NTSK) 200 US- 1000 900 ASF US$0.***** US900 MS 90.0 214 16S 1256 AcarSOc US179
        4,383 words
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        SESDAQ
        746 15 IB S2* .°r, n* OwU M Dk ni M cZ Uw S,M Cl«n»KlY lata rOOOl Ht*i U» Buyer Mar Cw P/T M *1c* 289 135 2000 AMHMfiSc 1*3 -I 24 166 163 >63 164 1.0 I4> 01 1019 72 S 1M «J M 2049 ASAytoWc MS unct. *3 146
        746 words
      • Article, Illustration
        HOT STOCK
        58 16  -  bfl Shiv Taneja INVESTORS willing to take a medium-term view ought to be Duying the local shares of Overseas Union Bank, which closed unchanged at $6.30 on a volume of 1.9 million units traded. Weekly RSI and Stochastics is at 25 and the stock, which is near its
        58 words
      • Article, Illustration
        Weak November trade data reverse early rally
        867 16  -  STOCK MARKET COMMENTARY Singapore Regional Index makes qniet debut while Beijaya Group shares continue to hog spotlight By R Sivanithy [SINGAPORE] News of poor November trade figures yesterday put the brakes on an early rally in the local stock market, while Malaysian stocks
        867 words
      • ON THE GRAPE VIM!
        • Article
          Learning curve
          110 16 IN AN otherwise quiet debut yesterday, the Singapore Regional Index Fund saw its moment of excitement at 9 am. Clearly some savvy investor was out there to see if there were people willing to pay a premium for Singapore's first listed unit trust and sure enough there were
          110 words
        • Article
          Decoupled and disillusioned
          110 16 FOR almost three years now, local stocks have tracked movements in the Dow Jones Industrial Average. Over the past year, however, this correlation has gotten somewhat biased when the Dow plunges, the local market almost surely follows suit the next day, but when the Dow rockets up,
          110 words
        • Article
          Out of space
          78 16 FINANCING of cars is one of the more lucrative businesses in Thailand, given the Thais' penchant for automobiles. But with the economy taking a pause, some proud car owners are finding that they can't finance their car loans anymore. So finance houses have been busy re-possessing the
          78 words
        • Article
          Stay out of my face
          61 16 WITH the Thai stock market in such a bad shape, dealers here don't dare call their clients. So they mostly sit around and talk among themselves. One broker in Hongkong dealing in Thai equities, who did summon enough courage to call a client in Europe,
          61 words
        • Article
          New hire
          61 16 FUND manager Commercial Union Investment Management, which has some $960 million under management here, has hired Sheree Tan as senior fund manager. Ms Tan comes from OCBC Asset Management where she covered South-east Asian equities. She was involved in the launch of the Savers Philippines Fund. She was
          61 words
        • Article
          Orchestrating harmony
          106 16 ARTHUR Andersen Is organising a 3-day global conference for business executives and educators in April. Theme of the conference, to be held in St Charles, Illinois, is Learning for the 21st century. Among its seven speakers are well-known management and leadership experts like Peter Drucker; Charles Handy, author
          106 words
        • Article
          Big guns
          86 16 IN A global survey of3oo banks in the forex industry, DBS Bank was voted the Best Bank in Singapore Dollar for the FX Week/Syntegra Best Banks in the FX Awards 1996. DBS pipped Standard Chartered Bank, Citibank, Overseas Union Bank and Bank of America which emerged second, third,
          86 words
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      120 7 Get your favourite newspapers and magazines from 4 bus shelters at Shenton Way opposite Lau Pa Sat Festival Market Ang Mo Kio outside Ang Mo Kio MRT station in front of Blk 452, Ave. 3 between Blk 304 and Blk 307, Ave. 6 h gHjrv^^ I jM m tJTi ft
      120 words
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      278 9 HYPERSCAN ULTRA REMOTE MANAGEMENT To see, talk, listen, control, adjust, manoeuvre, record Anywhere in the world Just click the mouse! COLOUR LONG-DISTANCE CCTV SYSTEM. It's real simple. Nothing beats HypeiScan for cost-effective, high-performance, colour long-distance CCTV. Din just seconds, Hyper Scan link you to remote sites around the world or
      278 words
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      142 12 wbb, Send! JLO froo faxes todtayl 'm- I lpaisMK|y IS I xi Got an Internet account...tfy out .4 Send e-mail to any place in I IBM Asia One's Fax Mailer where you T/| VHfl continental United States from Jgfe» 5 feaga® can send e-mail f/l I—— it MB I# anywhere
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      29 13 For real-time stock information, call Quick Stock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      29 words
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      Page 13 Advertisements Column 2
      45 13 Quality has no limit. EQUI N O X E m CAMUfCHt quality that lasts SWISS MADE SINCE 1924 5W S A *"*«-> f" LU 2iO W- Stmt Btrgtijimtitm. Off*. W BM. *****4 w i} 7 226 AtmiUUt *t all letJimg dtpam**t ,t*rei anj U*ub nUtl tatitti
      45 words
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      42 15 when the Market qets Going, tho Savvy 90 £URHN£ Keep track of the latest Singapore and Kuala Lumpur stock prices on BT Stockwatch— httpv7www.asial.com.sg/btstocks on the Internet 1 ItIHMiH BUSINESS CENTREI YOUR ONE-STOP SITE FOR SINGAPORE AND ASIAN BUSINESS NEWS AND INFORMATION
      42 words
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      Page 15 Advertisements Column 2
      26 15 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. tCall C.A.T.S. at 1800-737-1166. An&hmr Ct—ij Sivtoc
      26 words
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      Page 16 Advertisements Column 1
      633 16 IN THE MATTER OF THE COMPANIES ACT, CAP. S» And IN THE MATTE* OF SUNG HOCK HKNC PTE LTD (Member*' Voluntary Winding Up) At mi Extraordinary General Meeting of the Member* of SIANG HOCK HENG PTE LTD, dsiy convened and held ac 3001 Beach Road *07-23 Golden Mile Complex. Singapore
      633 words
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      Page 16 Advertisements Column 2
      1248 16 BUSINESS Notices l<) Al)\ I K I ISi; (A1.1.l 01.1.-I KI I. s SHANGRI-LA HOTELS and RESORTS NOTICE OF REMOVAL WITH EFFECT FROM 23 DECEMBER 1996, OUR NEW OFFICE ADDRESS AND CONTACTS WILL BE:1 KIM SENG PROMENADE #06-01 GREAT WORLD CITY SINGAPORE *****4 TEL *****66 FAX *****77 FOR OUR DEVELOPMENT
      1,248 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Bing's merry Christmas tail
      2338 17  -  This is the story of a spunky little mouse and an unwanted dog, and how miracles can happen when least expected, jaime be recounts a Christmas adventure with a difference JAIME EE mm WAS the Hp night before mm H Christmas and all through the house,
      2,338 words
    • STRAWS In The Wind
      • Article
        Simply inexcusable
        85 17 THERE are those who feel that restaurant waiters should be seen and not heard, and in this case, they're absolutely right. A journalist and her family went for a meal at a popular Scotts Road hotel one Sunday. Three of the women were in traditional Muslim dress. The
        85 words
      • Article
        What a turn-off
        85 17 SOMEONE should tell advertising copywriters to go easy on the sexual innuendos in their radio commercials. Check out this tasteless eyewear shop advertisement that we've been hearing on the radio: A guy tells a gal about how big it is, and how exciting, to which she replies
        85 words
      • Article
        In a tight spot
        79 17 HERE'S one explanation a journalist gave for turning up late for work that sounded like a very lame excuse. The funny thing is, it really did happen. She arrived at the office 40 minutes late because, she said, she got locked in. More specifically, she was
        79 words
    • CHRISTMAS SPECIAL
      • Article, Illustration
        The right words for the occasion
        856 18  -  A well-chosen book makes a great gift for young and old alike. David boet finds out what's available at the shops DAVID BOEY GIVE a book for Christmas. You don't need to enjoy reading to appreciate one. Books can entertain with pictures, recipes, instructions
        856 words
      • Article, Illustration
        Lock icon Last-minute good buys
        1063 19  -  Ifs the weekend before Christmas. If you haven't done the bulk of your shopping yet chances are you're feeling pretty close to despair, jaimbbb comes to the rescue with some timely suggestions on how you can still make a good impression JAIME EE THERE are four days
        SIEW YAW HOONG; SIEW YAW HOONG  -  1,063 words
      • Article, Illustration
        Lock icon Eat, drink and be merry
        1165 22  -  Gifts of food and wine are especially welcome during the festive season. Mm bb finds out whafs available for epicureans this Christmas JAIME EE IT BOGGLES the mind that people still send those ugly, pyramid-shaped hampers that beat David Copperfleld hands down when it comes
        SIEW YAW HOONG  -  1,165 words
      • Article, Illustration
        A tapestry of traditions
        1957 24  -  Fir trees, Santa Claus, holly and mistletoe, turkey and puddings have you ever wondered how they came to be associated with Christmas? commre keek delves into the customs and practices of the season and learns a surprising thing or two about their origins CORINNE KERK IT's
        1,957 words
    • Article, Illustration
      Lock icon Making merry at Suzie's
      422 20  -  NIGHTSPOT By A Surendren DOWN by the river at Clarke Quay is a hotel called Nam Kok. OK, it's not a hotel per se, it's just a recreation of the fictional hotel that Suzie Wong, the fictional whore with a heart of gold, hung out in.
      ARTHUR LEE  -  422 words
    • Article, Illustration
      Stop, or this mom will shoot
      543 20  -  CINEMA The Long Kiss Goodbye starts off with a good story idea and interesting stars, bnt is let down by idiotic stunts and corny one-liners By* Corinne Kerk iOW's this for a sexy idea? After a car accident, a suburban school teacher suffering from
      543 words
    • Article, Illustration
      A close brush with genius
      494 21  -  CINEMA Surviving Picasso deftly captures the artistic titan's colourful personality and hedonistic lifestyle By; David Boey THOUGH most non-art lovers would be able to associate the name Pablo Picasso with flashy (read: outrageously expensive) paintings and sculpture, they might not know that he also lived
      494 words
    • Article, Illustration
      WHAT'S ON
      379 21  -  Compiled by M Yasotha *j*nmmoirs Castings Of Masterpieces From The Louvre Museum Presented by Le Petit Louvre, this ex-hibition-cum-sale features about 120 masterpieces from the Louvre and France's 34 national museums. Castings include works by master sculptors like Rodin and Degas, as well as exquisite jewellery from Greece,
      379 words
    • Article, Illustration
      CINEMA
      1136 23 The Adventures Of Ptnoeohlo. Martin Landau is the old woodcarver in this animation-live action version of the classic tale. Clementi: 1; 3pm. New Crown: 1; 3; 7; 9. Army Due. Screen version of Michael Chiang's book and play about Ave army recruits from varying backgrounds. Cathay: spm. Yishun: 11.40;
      1,136 words
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      8 17 Epicure Eat, drink and be merry EL 6
      8 words
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      Page 17 Advertisements Column 2
      106 17 Traditions The customs and practices Christmas EL 8 #> Seasons Greetings. And best wishes from the rest of the hotel. J You know what creative people are like; they always want to he different. So while everyone else at the Four Seasons sends you their hest wishes for a Happy
      106 words
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      59 19 .< >Ifj ufo U. fill I^I^IHI I II mmmMAMM mm m m 11 m H HI mm IHmm H in ■■H HII |HH HI wmm I BHr r t%M Hi I n > «l ■■H H h I ft JS& mm B II I ?HIHH 1 mm I IV natii,.*:
      59 words
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      79 20 For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao. til I monthly multimedia magazine j&~ To subscribe, call *****81 Winfll^:lMt]irX^c» Listen to the latest hits* Play hot computer games Let stars
      79 words
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      Page 20 Advertisements Column 2
      69 20 HIVIEiSMHR 9 Mwr"""""" jap****"** HpppipiMß Stylish patio >| yQ -HI >Mfe HgHK furniture I! hj Ml ar 9 a|n ioo I y-r Vrt buyS Bomba y lO^_ Ijlj 111 |j| *3K«MI !ll!1|11IU Classic stripes from $29 lOC7GET IT NOW! DECEMBER '96-JANUARY '97 HOME DECOR $4 $Q Times the Bookshops NTUC
      69 words
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      603 21 Where to wine, dine and entertain |PIPPIPPIPPIIIIRRIIIIMIMIMIUIUIIIIIIII| Art st tt>t/ts vPe&tive Ii AMARA BALLROOM 1 2 7.00 PM 1.00 AM T It's the season for merry-making again, |j 1 and this year at the Amara Singapore, we're throwing a fabulous party! Ix>Ls of food, karaoke singing, disco dancing and more
      603 words
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      Page 21 Advertisements Column 2
      298 21 LONGEST rff-jea m jbwrf BY POPULAR DEMAND! on our spread of Pastries, Nonym Kueh, and localfavourites like Mee Siam, Laksa, Rojak Mee Rebus and more! Adult $12.80 (Sat. Sun A Public Holidays: SI3 80) Child. $7.80 Subject to service charge A gov't taxes, including GST. Prices subject to changes without
      298 words
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      Page 21 Advertisements Column 3
      109 21 iltm 1 ~m i i— mm m The BiGGEST Dian Xin Restaurant 1 At The Neptune on Shenton Way Dian Xin/Lunch 11 /gr\ ,t j "*J* S «*^nepUjne 7TH FLOOR. OVERSEAS UNION HOUSE. *****1 lEL 224 M 22 A Bigger Better Tunch MORE VARIETY EXCELLENT VALUE BIML SAME OLD PRJCE
      109 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      1992 23 TODAY'S TV RBCOMXBMDEDVDWUB H.11..M JS s!^^ k tt,ei ft wS«isto.mo«te. I PQQHTIQ from London, features ,rr D T uL»,n«ht 4-00 sell a vision. Lessons irom performers such as S, agTL M. See Sunday s Schedules. a hooker Garbage, Smashing 3.00 Tennis world. t DW MMHI Pumpkins, George J3O World JIM-
      1,992 words
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