The Business Times, 23 August 1997

Microfilm: NL20889
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 023/12/96 85* SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, AUGUST 23-24,1997
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  • Article
    MARKET SUMMARY
    66 1 sra 1945.44 (-1.13) nsT-su M IT3yM (-8.03) BTCOMF WL32 (+1.82) VIBTMA U H4JI (+1.98) STOCK HKET MMCBB Friday Change KLSK COUP ***** -424 NIKKEI 18*60.17 -606.96 HANO SENO 16.429.76 -224.28 SET INDEX U$M -2145 JAKARTA OOMP 674.4 -28.68 MANILA COMP 2,428.73 -JM1 TAIPEI WPI 10,020.66 468 SEOUL OOMP
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  • Article
    FINANCE
    74 1 EXCHANGE BATES USS S) 1)8$ 1.607 S 1.690 2.396 D* 0.545 0821 YEN IN 0853 IJ86 MS 0.361 0.644 HKS 0.129 0.196 BAHT 0829 0.044 RUPtAH tOO 1837 0066 FUME BATES SINGAPORE* 144 KUALA LUMPUR 9 JO JAKARTA 18.00 BANGKOK 112S MANILA 1150 HONGKONG A 71 TAIPEI ..9.00 SYDNEY
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  • Article
    MNCs, GLCs mean less 'buzz' than HK: Dr Hu
    724 1  -  HK gets its buzz from its huge syndicated lively capital markets 3yi Catherine Ong [SINGAPORE] Hongkong's long-established capital markets, in particular its huge syndicated loan business, give it the "buzz" that is lacking in Singapore. But this has to do with
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  • Article, Illustration
    Lock icon Casino tycoon hits the trig Eight-0
    69 1 [KUALA LUMPUR] Lim Goh Tong, one of Malaysia's richest men and chairman of Genting Bhd, blowing out candles at his 80th birthday yesterday. Mr Lim's birthday celebration is a rare public appearance for the publicity-shy tycoon who successfully gambled on turning a jungled mountain-top
    REUTER  -  69 words
  • Article
    Motor traders cry foul over import prices of some Japanese cars
    522 1  -  Rivals say they sospect import values are under-declared By I Christopher Tan, Conrad Raj [SINGAPORE] The low import prices of some new Japanese cars have caused a furore within the industry, with traders claiming there is foul play. Despite
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  • Article, Illustration
    Lock icon Cash crunch fears send Indon bank shares diving
    639 1  -  Bank D&namon reassures that it has resources to meet obligations Frorn S N Vasuki in Jakarta NERVOUS investors dumped listed Indonesian bank shares yesterday on market talk of a serious liquidity crunch straining bank finances. Bank Danamon, one bank widely rumoured to
    Source: Bloomberg  -  639 words
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      Page 1 Advertisements Column 1
      141 1 mama Kevin Wallace 4ui«wwd by receivers Court-appointed receivers from the Singapore office of audit firm Arthur Andersen yesterday questioned former financial consultant Kevin Wallace in Hongkong about his assets, Pg2 Tin mLI m iLaa I inf n lTOfuMe in tne&tret&na Ivan Heng in a wedding gown. Two men sharing a
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      Page 1 Advertisements Column 2
      277 1 Excerpts of interview, Pg 3 The Grand Chinese State Banquet August Bto 28, 1997 fJWj S presented by the world renowned Diaoyutai State Guesthouse of Beijing at Tung Lok Shark's Fin Restaurant There a special place in y^rp China, where the very best of the Masterchefs serve up 88 the
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Currency crisis unlikely to impact growth much: NUS
      472 2  -  Forecast for fall-year growth pared to 6.9-7.1%, from 7.1-7.4% By. Audrey Tan THE regional currency crisis has cast its shadow on Singapore's economic rebound but its impact on this year's growth will not be significant, economists from the National University of Singapore
      472 words
    • Article
      OCBC the latest to raise promotional mortgage rates
      238 2  -  By I Clarissa Tan OCBC Bank is the latest among the Big Four local banks to raise the interest rates for its promotional housing loan package. The bank said in a statement yesterday that it has hiked its interest rate by 0.25
      238 words
    • Article
      OBS revamps Riverwalk Galleria for offices, F&B
      319 2  -  By. Ang Wan May kIVERWALK Galleria by the Singapore River, better known for its art galleries, is being turned into office and restaurant space by the private vehicle of Ong Beng Seng, Avant Properties. Keen to capture its share of the Boat Quay
      319 words
    • Article
      Monsoon to lose million-dollar C&C advertising account
      317 2  -  By* Christopher Tan HOMEGROWN Monsoon Advertising will soon lose a mil-lion-dollar account with Cycle Carriage the first anchor client it signed on when it started three years ago. Monsoon successfully pitched for the prestigious account to handle the car distributor's Mercedes-Benz advertising barely
      317 words
    • Article, Illustration
      Lock icon In fair or fowl weather
      88 2 [SINGAPORE] There's no staying indoors for these birds, haze or no haze. The Pollutant Standards Index (PSD hit a high of 91 for the three hours to 4pm yesterday, the Ministry of the Environment said But it improved to 66for the three hours to 10pm.
      ARTHUR LEE  -  88 words
    • Article
      Receivers quiz Wallace in HK on assets
      564 2  -  But sources say he added little to what he had earlier told Singapore court Prom Quak Hiang Whai, Conrad Raj in Singapore FORMER financial consultant Kevin Wallace has met up in Hongkong with his court-ap-pointed receivers from the Singapore office of international audit
      564 words
    • Article, Illustration
      Lock icon Test drive of ERP in-car system goes smoothly, say traders
      379 2  -  Byi Christopher Tan (SINGAPORE) Motor traders who recently took their cars for a trial run of the electronic road-pricing (ERP) system reported no hitches well, almost none. During the test conducted last month, the ERP system did not interfere with
      FILE PHOTO  -  379 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      62 2 On the occasion of 25 years in business The Tolman Collection is happy to announce the opening of our newest gallery The Tolman Collection, Singapore Pte Ltd 10 Teck Lim Road Tel: 223 3303 Fax: 220 3011 OPENING EXHIBITION EIGHT GALLERY ARTISTS August 21 September 15 11am 7pm The modern
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      358 2 THE WEATHER Singapore! Generally hazy, showers mainly over the western, northern and central parts of Singapore in the morning and early afternoon. Temperature (32-24) AMmMc HVLo* CM. Win ipi WU> OwL Amerk* HVLo* On 4. Aaddaad WW Stolen WIS (toady BuronsAina 11/17 (toady B«*u* 12*6 Tmm Aim 2*21 Suh> Bqp«_
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  • FOCUS
    • Article, Illustration
      Lock icon Banks should merge and grow quickly
      1458 3  -  In an interview with BT, Finance Minister Richard Hu also tells why liberalisation of financial services can't be treated the same way as other sectors Reports by Catherine Ong [SINGAPORE] Review of the financial sector BT: SENIOR Minister Lee Kuan Yew recently revealed that
      FILE PHOTO  -  1,458 words
    • Article
      Fighting over a small domestic pie
      1639 3 Foreign hanfcw In S*pore BT: SOME people will say that if your fear is that you will lose control of your monetary system, why don't you just put controls, regulations in place? Dr Hu: What, you are supposed to be an international financial centre.
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        Lock icon BT Sentiment Index
        697 4 Those polled for their views oil the Singapore stock market outlook for next week were: Daiwa, DBS Securities, GK Goh, HG Asia, Kay Hian Securities, Kim Eng Securities, SBC Warburg and J M Sassoon. Singapore Airlines ♦(Buy) BZWPacific Union, Aug21, $12.60(foreign tranche) The chances that the Local
        Figures denote number of respondents  -  697 words
      • Article, Illustration
        In My Opinion
        398 4  -  Joseph Chong Portfolio manager UOB Asset Management UT T IS always good to I keep things simple but X until the advent of EVA (economic value added) and similar valuation tools based on profitability, there has been a tendency to use sin-gle-number valuation methods. Often by using
        398 words
    • Article
      EVA storms corporate world
      898 4  -  Economic Value Added being touted as far superior measure of company performance By< Clarissa Tan fSINGAPOREI SO you're still grappling with the concept of PE (price-to-earnings) ratio, and wondering whether your investments are giving you adequate ROE (return on equity). The bad news is: another performance
      898 words
    • Article, Illustration
      Japanese cars regain lead
      574 4  -  Yen's tall against S$ helps raise their market share to 54% Byy Christopher Tan [SINGAPORE] It's interesting to note how some seemingly inconsequential factors precede fundamental product appeal in Singapore's car market. The road tax structure, for instance, has put in place a strong bias for
      574 words
    • Article
      Outlook appears uncertain after the rupiah float
      597 4  -  E7B OK THE REGION: JAKARTA From S N Vasuki in Jakarta JAKARTA'S stockbroking community is a flustered lot these days. Analysts had predicted weeks ago that Indonesia would be largely insulated from the turmoil in regional currency markets. Last week, they were proven
      597 words
    • Article, Illustration
      Lock icon Betting on foreign currency accounts
      784 4  -  By\ Shiv Taneja [SINGAPORE] Buying and selling foreign currencies for profit has traditionally been the preserve of high-rolling traders and dealers with large investment banks. But that needn't be the case any more, judging by the profusion of foreign currency deposit accounts that retail investors
      ARTHUR LEE  -  784 words
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  • REGION
    • Article
      Lock icon Investors in big Asian funds stick to their guns
      603 5 BOSTON Managers report milted response to turmoil in currency, stock markets Bloomberg INVESTORS in mutual funds that focus on South-east Asian stocks are sticking with their investments even though markets and currencies in the region are plunging. That's in sharp contrast
      Bloomberg  -  603 words
    • Article
      Lock icon Dr M, Soros to have closed-door session?
      229 5 HONGKONG Both to be at World Bank/IMF meeting in HE next month Reuter, Bloomberg MALAYSIAN Prime Minister Mahathir Mohamad and financier George Soros are expected to discuss their differences at a behind-the-scenes meeting next month in Hongkong. Both men are scheduled to deliver
      Reuter,; Bloomberg  -  229 words
    • Article
      Chavalit calls urgent meeting
      393 5  -  BANGKOK B&ht hits new low as firms mop np dollars; stocks dive By\ Harish Mehta PRIME Minister Chavalit Yongchaiyudh called an urgent meeting of economics ministers yesterday, ahead of next Thursday's parliamentary debate on the country's economic crisis and a planned noconfidence motion by opposition parties.
      393 words
    • Article
      Lock icon Anwar denies Bank Negara head has quit
      118 5 KUALA LUMPUR Reuter MALAYSIA'S Deputy Prime Minister and Finance Minister Anwar Ibrahim said yesterday speculation that Bank Negara governor Ahmad Mohamed Don had resigned was untrue. "There is no basis whatsoever to the rumour (about Mr Ahmad's resignation)," Mr Anwar said. Talk that
      Reuter  -  118 words
    • Article, Illustration
      Lock icon Spratlys dispute to be resolved by international laws: Li Peng
      294 5 KUALA LUMPUR AFP CHINESE Premier Li Peng said yesterday the Spratlys islands dispute would carry on for a "long time" and warned the issue has to be resolved according to international laws. Mr Li told Malaysian Premier Mahathir Mohamad during
      AFP  -  294 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      78 5 DUNLOF?%r> SPORT 9000. Takes you to the next millennium 353« mm m °W and beyond. f»f Tr..t i- rs.- r i 3 fi «|l' "l- i I 3 1 1 1 j H indii'ty Iri Ir> 1 1 20 5 13 0 21 0 19 0 14 0 19 0
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  • REGION/WORLD
    • Article
      Lock icon Ministry looking into Daiwa trades, says spokesman
      291 6 TOKYO Bloomberg DAIWA Securities, Japan's second-largest brokerage, said authorities are investigating whether it paid off the same racketeer who extorted millions of dollars from other large financial companies such as Nomura Securities. The brokerage provided records of trades made after 1993 to the
      Bloomberg  -  291 words
    • Article
      Lock icon Court raises Alan Bond's jail term
      143 6 PERTH AFP AN APPEAL court here yesterday increased to seven years a four-year sentence given to failed businessman Alan Bond for Australia's biggest corporate fraud. The West Australian Court of Criminal Appeal handed down its decision on an appeal last month from the prosecution
      AFP  -  143 words
    • Article, Illustration
      Hashimoto the political artist
      742 6  -  LETTER FROM TOKYO The Japanese premier sets himself task of remodelling the state By Anthony Rowley IF politics is the art of the possible, then Japanese Prime Minister Ryutaro Hashimoto is proving himself to be something of an artist. The latest evidence of this comes in
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    • Article
      Lock icon South Korea relaxes rules on firms' foreign loans
      292 6 SEOUL Move to ease financial squeeze caused by spate of bankruptcies AFP SEOUL is to ease rules on foreign borrowing by large South Korean businesses next month to help ease a financial pinch caused by a series of bankruptcies, the government said
      AFP  -  292 words
    • Article, Illustration
      More Le Meridien hotels on way
      320 6  -  SINGAPORE fihnm tn mawaga another 18 in Asa-Pacific over next three years By, Ang Wan May ANOTHER 18 Le Meridienmanaged hotels will open in the Asia-Pacific over the next three years, the management chain's senior vice-president for marketing and sales in the region, Tony
      320 words
    • Article, Illustration
      Lock icon Protest against new uranium mines
      52 6 [SYDNEY] Anti-uranium activists protesting outside the offices of Energy Resources ofAustralia which mines uranium in northern Australia on National Uranium Action Day in Sydney yesterday. They were protesting against the opening of new uranium mines at Jabiluka which is part of the Kakadu World Heritage
      AFP  -  52 words
    • Article
      Lock icon Plan to free financial markets won't threaten stability: US
      296 6 JAKARTA Reuter US TRADE negotiators said yesterday that a free market for financial services, which they are promoting as part of World Trade Organisation negotiations, would not threaten financial stability in Asia. Deputy US Trade Representative Jeffrey Lang, touring Asia to
      Reuter  -  296 words
  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1570 6 On FU6HT ETA fUCHT ETP Of—M aw OOC wwfcw MI09JO0 SOWO 1020 AMaMa 0F81 1930 0f82 2055 *"741 1310 S0176 1105 S0229 2220 S0P5JM0 WT740 MW «Nmi RJWT 0130 Hat Yal MI893 1415 TC406 0820 ImaXtrim KL843 0455 GA890 0015 TM0T 2108 MUM MHO 0125 0655
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  • THE WORLD
    • Article
      Lock icon US spending deficit shrinks 64% in first 10 months
      581 7 WASHINGTON Economists predict govt could post first surplus since 1969 in coming fiscal year Reuter, Bloomberg THE government's spending deficit so far this year has shrunk by a dramatic 64 per cent from a year earlier, the Treasury Department reported on
      Reuter,; Bloomberg  -  581 words
    • Article, Illustration
      Lock icon Kohl pressed to rejig cabinet
      353 7 BONN Reuter CHANCELLOR Helmut Kohl came under increasing pressure yesterday to reshuffle his government as the fall-out over remarks made by his jobweary finance minister further poisoned the atmosphere in the unpopular coalition. The crisis was sparked when Theo Waigel said that he was tired
      Reuter  -  353 words
    • Article
      Lock icon US businesses fight against use of unilateral trade sanctions
      486 7 WASHINGTON They say sanctions rarely work and often backfire Reuter US businesses, alarmed by a proliferation of trade sanctions by federal, state and local governments, are pushing for legislation to make it harder to use commerce as a weapon in international
      Reuter  -  486 words
    • Article
      Lock icon Bank of England chief all for EMU delay
      258 7 Crucial to tackle unemployment first, he says in interview Bridge News [ROME] Bank of England Governor Eddie George reportedly said in a press interview that he is "absolutely in favour" of a delay to the launch of European Monetary Union, scheduled for
      Bridge News  -  258 words
    • Article, Illustration
      Lock icon Stop splitting hares over vanity
      51 7 [LONDON] British actor Richard Briers comforting Vanity the rabbit at the launch of a new campaign by the British Union for the Abolition of Vivisection on Thursday here. The campaign is promoting an internationally agreed standard for cosmetics that have not been tested on animals.
      AFP  -  51 words
    • Article
      Lock icon Fed officials voted 10-0 in July to hold rates steady
      397 7 WASHINGTON But they have yet to declare victory over inflation Bloomberg FEDERAL Reserve policymakers were unanimous in holding the overnight bank lending rate steady at their mid-year review on July 1-2, minutes of the session showed. The Federal Open Market
      Bloomberg  -  397 words
    • Article
      Lock icon RJR Nabisco chairman links smoking, cancer
      166 7 WEST PALM BEACH, Florida Reuter STEVEN Goldstone, chairman of RJR Nabisco Holdings Corp, said in a deposition yesterday that he believes smoking contributes to lung cancer, according to a transcript. "I have always believed, rightly or wrongly, I have always believed that smoking plays
      Reuter  -  166 words
    • Article
      Lock icon German import prices hit eight-year high
      343 7 WIESBADEN, Germany Bloomberg GERMAN import prices surged in July, pushing their annual growth to an eightyear high and spreading concern that the Bundesbank may soon raise interest rates to nip inflation pressures in the bud. The concern grew after a regional report showed con-sumer-price
      Bloomberg  -  343 words
  • Page 7 Miscellaneous
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  • COMPANIES & MARKETS
    • Article
      Liang Court first-half net surges 87% to $7.6m
      544 8  -  Group announces four overseas projects, purchase of Nassim Road site here By, Jenny Lam [SINGAPORE] Liang Court Holdings yesterday announced an 87 per cent jump in interim earnings and four new overseas projects that would take its property portfolio to over $1.4
      544 words
    • Article
      SembCorp interim net up 30% but company profits squashed
      382 8  -  Marine slump drags company-level gains down BG% to $l-56m By Conrad Raj [SINGAPORE] Sembawang Corporation reported a 30 per Ant rise in group interim net earnings to $22.22 million yesterday, more or less in line with market expectations. The group, which
      382 words
    • Article
      India still offers good buys, as institutions show
      765 8  -  HOCK LOCK SIEW Vivek Kelkar INDIA has been one of the stellar performers among emerging markets in 1997, having gained well over 30 per cent since the start of the year. What has driven the Indian stock markets upwards and can the
      765 words
    • Article, Illustration
      G&W public offer 156 times subscribed
      478 8  -  Rate is second-highest this year after Jade Technologies in Jan By, Annette Pau [SINGAPORE] G&W Group Holdings' initial public offer of 27 million shares closed yesterday a massive 156 times subscribed the second highest for the year since Jade Technologies' 189 times in January.
      478 words
    • Article
      Eltech makes $1.9m in turnaround
      122 8 [SINGAPORE] Mainboardlisted Eltech Electronics pulled itself out of the red with net earnings of $1.9 million for the six months ended June 30. This is against a net loss of $1.4 million in the first half of last year. Turnover rose 15 per cent to
      122 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article, Illustration
        Lock icon STIC shares drop 15% on lower than forecast gains
        410 9  -  Connter likely to be weak in next 3-6 months bnt long-term prospects still strong, say analysts By, Jennifer Lien [SINGAPORE] Singapore Technologies Industrial Corp plunged 15.6 per cent in the stock market yesterday its biggest single-day loss this year to close
        Source: Bloomberg  -  410 words
      • Article, Illustration
        Lock icon Sing Realty clinches Draycott site for $39m
        232 9 [SINGAPORE] Real estate agents Jones Lang Wootton (JLW) yesterday confirmed that Sing Realty has won the tender for a prime Draycott Drive development site with a bid of $39.33 million. Sing Realty is part of the Sing Development property group, the private vehicle
        Source: Jones Lang Wootson  -  232 words
      • Article
        IPC in US$10m China venture
        228 9 [SINGAPORE] IPC Corp yesterday said it has entered into a US$lO million (Ssls million) joint venture with China's Guangzhou Post and Telecommunication Equipment Co (GPTE) to make and distribute telecom products. GPTE and IPC's Singapore subsidiary, Hagenuk Pte Ltd, have also signed a US$5O million
        228 words
      • Article
        Lock icon YHS (M) pre-tax interim up 4.4%
        176 9 Bernama [KUALA LUMPUR] Yeo Hiap Seng (Malaysia) Bhd yesterday recorded a 4.4 per cent increase in its group pre-tax profit to M 520.14 million (5510.94 million) for the six months ended June 30, 1997, up from M 519.29 million in the same period last
        Bernama  -  176 words
      • COMPANY Briefs
        • Article
          Lock icon Innovest bags Congo contract
          74 9 AFX-Asia [KUALA LUMPUR] Innovest Bhd said it has been awarded a privatisation project to build a new highway between Kinshasa and Matadi by the Republic of Democratic Congo. In a statement to the Kuala Lumpur Stock Exchange, Innovest said the concession is on a build, operate
          AFX-Asia  -  74 words
        • Article
          Lock icon CCM profit up 32% to M$51m
          93 9 Bernama [KUALA LUMPUR] Chemical Company of Malaysia Bhd (CCM) posted a group pre-tax profit of M 550.8 million (Ss2B million) for the six months ended June 30,1997, up 32 per cent from the M 538.6 million recorded in the previous corresponding period. At company
          Bernama  -  93 words
        • Article
          Lock icon Maybank results next week
          55 9 Reuter [KUALA LUMPUR] Malaysia's largest commercial banking group, Malayan Banking Bhd (Maybank), yesterday said it will announce its year-end earnings results next Tuesday. Analysts have forecast that the bank will post net profit growth of 27 per cent to M 11.37 billion (***** billion) for the
          Reuter  -  55 words
        • Article
          Lock icon DRB-Hicom deal with LG?
          79 9 AFX Asia [KUALA LUMPURJ DRB-Hicom may tie up with the Lucky Goldstar Group to produce or supply vehicle components and other unspecified products, Bernama news agency quoted group chairman Saleh Sulong as saying. "Besides producing electrical appliances, LG Group also produces vehicle components. The DRB-Hicom group
          AFX Asia  -  79 words
        • Article
          Lock icon Utama pre-tax gain at M$70m
          91 9 Bernama [KUALA LUMPUR) Utama Banking Group Bhd registered a pre-tax profit of M 570.25 million (5538.6 million) on an operating revenue of M 5319.57 million for the six months ended June 30, an increase of 64.3 per cent and 41.6 per cent respectively over that
          Bernama  -  91 words
      • Article
        Lock icon Lion, China Pulp in M$4.3b Sabah project
        198 9 Bernama [KUALA LUMPUR] The Lion Group and China Pulp Paper Industry yesterday signed an agreement with Sabah state government for a M 54.3 billion (552.3 billion) forest plantation and pulp and paper mill project in Sabah. The project, considered the single largest foreign
        Bernama  -  198 words
      • Article
        Lock icon Bakun dam will be built on time, says Ting
        156 9 Reuter [KUALA LUMPUR] Ekran Bhd, the main developer of the M 515.5 billion (SsB.4 billion) Bakun hydroelectric dam, expects the project to be completed on time, its executive chairman Ting Pek Khiing said. In a statement distributed by the Kuala Lumpur
        Reuter  -  156 words
      • Article
        Showpla Asia to raise US$7.6m in Osaka
        290 9  -  32m shares at 30.83 yen each offered in secondary listing By* Annette Pau [SINGAPORE] Mainboardlisted plastic components maker Showpla Asia Ltd yesterday offered 32 million ordinary new shares at 30.83 yen each in a secondary listing on the Osaka Securities Exchange. It is
        290 words
      • Article, Illustration
        No change in China Devt Corp after sale of stake, says Oei
        375 9  -  He doesn't expect rival Snk&mto Sia to gain control of firm By\ Lu Ning (SINGAPORE) The sale of his stake in China Development Corporation (CDC) will not lead to any change in the Hongkong-listed construction company, says Singapore
        375 words
      • Article
        Kim Eng, Vickers confirm HK listing plans
        284 9  -  By i Clarissa Tan [SINGAPORE] Kim Eng Holt* ings and Vickers Ballas yes> terday confirmed BT's report on their plans to list their lig crative HK units on the stocl exchange there. While a top Kim Eng cial in Singapore said the fiml
        284 words
    • REGIONAL COMPANIES
      • Article
        Lock icon SEHK warns firms on disclosure of sensitive info
        288 10 Clarify comments to media that affect prices or risk trading suspension AFX-Asia, Bloomberg [HONGKONG] The Stock Exchange of Hongkong said any company which is unable to provide "immediate clarification" to shareholders of pricesensitive information disclosed to the media may see trading in
        AFX-Asia,; Bloomberg  -  288 words
      • Article
        Lock icon Insurers' stocks fall on Tokyo plan to spin off postal insurance
        394 10 Companies fear that privatisation may create too big a rival Bloomberg [TOKYO] Japanese insurance slocks feU, led by Nisshin Fire Marine Insurance Co, after a government panel caUed for filming the postal insurance system into an independent organisation. Under
        Bloomberg  -  394 words
      • Article, Illustration
        Lock icon Bangkok Mass Transit System IPO approved
        296 10 AFP {BANGKOK] Thailand's stock market yesterday said it had approved the listing of the Bangkok Mass Transit System (BMTS) which is building part of the congested capital's crucial commuter rail network. The Stock Exchange of Thailand (SET) said it had given clearance for the
        AFP; FILE PHOTO  -  296 words
      • Article
        Lock icon Samsung's secret takeover plans
        242 10 AFX-Asia [SEOUL] The Samsung group secretly sought to take over Kia Motors Corp and Ssangyong Motor Co while publicly denying the plan, a report leaked from the company to the Dong-A newspaper shows. The newspaper received a photocopy of the report, which it then published. The
        AFX-Asia  -  242 words
      • Article
        Lock icon Cheung Kong unit posts 195% profit jump
        119 10 KnightRidder [HONGKONG] Hongkong's Cheung Kong Infrastructure Holdings Ltd announced profit after tax and minority interests of HK51.025 billion (Ssl9B million) for the 6 months ended Jun 30,1997, up 195 per cent from HK5347.0 million in the year-earlier period, it said in an announcement
        Knight- Ridder  -  119 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Wall Street unnerved by reports Buffett sold stock
        369 11 Focus on Wells Fargo hank though it says Berkshire Hathaway still a substantial shareholder Reuter [NEW YORK] Reports that legendary investor Warren Buffett was selling some of his stock unnerved Wall Street on Thursday, just as the stock market was recovering from
        Reuter; Source: Bloomberg  -  369 words
      • Article
        Lock icon UK biz info vendor in talks to buy Knight Ridder Information
        385 11 Bloomberg [LONDON] MAID pic, a UK online business information provider, said it's close to acquiring Knight-Ridder Information Inc for what analysts said would be as much as US$5OO million (Ss74B million). The combination of MAID'S Profound news and research
        Bloomberg  -  385 words
      • Article
        Lock icon British Telecom to pay less in new MCI merger deal
        512 11 It will fork ontUSsl7b instead of USs2ob undo* original terms Reuter [LONDON] British Telecommunications pic said yesterday it was pressing ahead with its transatlantic merger with MCI Communications Corp, one of the biggest deals in UK corporate history, but on
        Reuter  -  512 words
      • Article
        Lock icon Comverse to acquire Boston Technology in US$858m deal
        269 11 LATWP [WOODBURY, New York] Comverse Technology will double in size after a deal announced on Thursday to acquire Boston Technology in a straight stock swap worth about US$B5B million (Ssl.3 billion), company officials said. The Long Island-based company makes computerised telephone systems
        LATWP  -  269 words
      • Article, Illustration
        Lock icon Komag down 8% on weak demand
        295 11 Bloomberg [SAN JOSE, California] Komag Inc shares fell 8 per cent after the maker of disk-drive components said that it will fire 350 people, close two plants and record charges of as much as US$6O million (5590.3 million) to pay for the moves. Komag
        Bloomberg; Source: Bloomberg  -  295 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Fed loosens limits on US banks' securities business
        507 12 Now, bank holding companies can offer credit guarantees to customers of their securities affiliates Bloomberg [WASHINGTON] The Federal Reserve made it easier for banks to compete with brokerages on Thursday by letting bank holding companies offer credit guarantees to customers of their
        Bloomberg  -  507 words
      • Article, Illustration
        Lock icon Greenback on a bearish track?
        369 12 USS/mark: The greenback took a brief dip to 1.8050 on Monday before recovering to 1.8596 by Thursday. Sellers returned on Thursday night, which saw the USS/mark fall to 1.8350. The technical picture favours a further downmove, with support seen at 1.8200, at 1.8035 and then
        Source: DBS Bank  -  369 words
      • Article
        Lock icon Distribution issue to top insurance meet agenda
        406 12 Conference to also address changing demographics and rising costs Reuter [SINGAPORE] Developing better, cheaper distribution channels for life and health insurance will be top of the agenda of next week's Pacific Insurance Conference (PIC), the chairman of its organising committee said yesterday. "The
        Reuter  -  406 words
      • Article
        Lock icon Merrill loses bid to keep lid on Orange County case
        261 12 Bloomberg [SANTA ANA, California] Merrill Lynch Co lost another round in its battle to halt disclosure of transcripts of an Orange County, California, grand jury hearing that probed the firm's role in the county's bankruptcy. The California Court of Appeal
        Bloomberg  -  261 words
      • Article
        Lock icon Euroyen, JGB gain from Nikkei's loss
        235 12 Report Reuter [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures climbed to new highs yesterday as steep losses in Nikkei markets reminded players that investors still lacked confidence in Japan's economy. Nikkei cash and futures markets caved in to growing bearish sentiment and
        Reuter  -  235 words
      • Article
        Futures buying seen at lower levels
        154 12  -  MSCI TAIWAN FUTURES By Perry Gilbert Perry Gilbert, vice-president, Refco Singapore Pte Ltd [SINGAPORE) The Simex MSCI Taiwan Index futures contracts closed lower yesterday, with buyers emerging when the futures market eased to the 422 level. Local traders initiaUy sold the August contract, cutting
        154 words
      • Article
        Lock icon Indon oil subsidy trims sales revenues
        271 12 ENERGY REPORT Reuter [SINGAPORE] Indonesia's net crude oil exports will cushion the impact of its currency woes but sales revenues, which outweigh import costs, will be trimmed by high domestic price subsidies, traders said yesterday. "Pertamina's exports are more than its imports. Therefore, there
        Reuter  -  271 words
      • Article
        Lock icon CURRENCY REPORT
        274 12 Reuter, AFP London THE US dollar lost more ground against the mark, dragged down by concern that inflationary pressures in the German economy might speed up a rate rise, traders said. News of a robust 4.2 per cent rise in German import prices in July spooked most traders.
        Reuter,; AFP  -  274 words
      • Article, Illustration
        Untitled
        1385 12 IMTBRBAME CROSS RATES Au 9 22 ki C$ >■> ECU Fir Dl MK$ V Wow M$ MSftfcil H* 1$ t—I Sfr WT$ 8att 4 tfllfij AmtraHa 1044 6.171 0.700 4436 1276 5J03 2]Jtt#>286 0.879 6.743 2476 1167 30.422 ***** 1.129 1528 1133 *****25.520 0.472 ITSfcjri 0.958 5.965 0470 4.439 1.3T7
        1,385 words
    • Article
      COMMODITY PRICES
      1693 13 SI COM FUTURES Au<rj-j W88ER (taturw dojfrq SJOpm) RSS1 CONTlACTiS cMtOuj) Close Votwne Open tto«t<l jHffc Low Sott (touts) Interest S«p 97 138.00 375 Oct 97 140.25 1450 Nov 97 143.25 1600 OK 97 145.75 1950 Jan/Mar 98 t5L75 ***** ***** 150 5310 Ayr/Jim 96 155.75 ***** Jul/Sep
      1,693 words
    • Article
      WORLD STOCK MARKETS
      2226 13 LONDON Industries Am 22 Nki 31 Group 477.400 -12.600 AB Port! 271.400 -7 ABtiey National 827 -5.400 AIM Domecq 461 -12 Amec 151 1 AuU Group 151.400 1.800 BAT tad 512 4 BG Pie 263 *4 BICC 171 1.600 BOC Group mo -21 BR Petroleum 878 -2
      2,226 words
    • Article
      Lock icon TOKYO
      1659 13 AFP □Nikka22s -SO6J6 SHARE prices fell 2.6 per cent to their lowest close in four months yesterday after a drop on Wall Street triggered selling on a broad front. Brokers said market participants hastened to sell as weak share prices in New York caused worries of near-term declines here.
      AFP  -  1,659 words
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      Lock icon HONGKONG
      1558 14 AFP Q Hang Seng -***** HONGKONG stocks fell 1.4 per cent yesterday as investors worried that rises in short-term interest rates to protect the local dollar would eventually hurt the property sector. Dealers said the mood remained nervous on interest rate concerns ahead of a meeting later of the
      AFP  -  1,558 words
    • Article, Illustration
      Lock icon CHINA
      645 14 Reuter n Shenzhen Binder -L5O THE Shenzhen B stock market closed lower yesterday, with falls in Hongkong adding caution to sentiment. The B Index fell 1.5 points to 149.15 on turnover of HK$l34 million. The A Index gained 5.58 points to 383.48 on turnover of 5.1 billion yuan. "People
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  645 words
    • Article
      Lock icon TAIPEI
      384 14 AFP QWPlndex -158 STOCKS finished marginally lower yesterday as investors locked away profit following a plunge on Wall Street. "Buying was somewhat deterred by US share price drops and profit-taking by local investors," said a dealer. The TSE Weighted Price Index declined 4.58 points to 10.020.55. Turnover was 2.3
      AFP  -  384 words
    • Article
      Lock icon WELLINGTON
      261 14 Bloomberg n Wellington -1108 SHARES fell yesterday, led by stocks with significant offshore ownership amid negative sentiment after the Dow's drop overnight. The NZSE Top 40-share Index fell 19.08 points to 2,497.77. Bloomberg m» w room AMZBukmq ti.60 -0.20 4073 A4v«ntaq*i HMgs 0.90 -0.04 ***** Air New Zetland (A)
      Bloomberg  -  261 words
    • Article, Illustration
      Lock icon BANGKOK
      846 14 AFP SET Intel -23.46 SHARE prices plunged 4 per cent yesterday as the baht fell to a record low on news that the central bank had spent billions of dollars in a failed defence of the currency. Analysts said reports that more finance companies planned capital increases led funds
      AFP  -  846 words
    • Article
      Lock icon SEOUL
      404 14 AFP POompogtc Index -186 SHARE prices fell 0.4 per cent yesterday on concerns that cashflow problems facing the Haitai Group would hurt the economy, dealers said. The Haitai Group faced financial difficulties after merchant banking companies began collecting loans to the group. Yesterday, it asked for an emergency bank
      AFP  -  404 words
    • Article
      Lock icon SYDNEY
      606 14 AFP Ordinaries -28.4 SHARE prices fell yesterday, weighed down by volatility on Wall Street that has dogged the market all week. "It was expected to be down 20 to 30 points from the opening bell and that's where it ended up," a broker said. The All Ordinaries Index fell
      AFP  -  606 words
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      Lock icon JAKARTA
      762 14 AFP P Composite Index -28.66 SHARE prices slumped 4.8 per cent yesterday on weakening sentiment in banks and as the Thai baht plummeted to new depths and dragged down the Indonesian rupiah. "The banks have pushed the market down. The liquidity squeeze is a real thing and the price
      AFP  -  762 words
    • Article
      Lock icon MANILA
      318 14 AFP Q Manila -30.31 SHARE prices fell 1.2 per cent yesterday as investors chose to stay away amid lingering concerns over the peso. The PSE Composite Index fell 30.31 points to 2,428.73. Turnover was 2.6 billion shares worth 1.4 billion pesos. Manila Electric A shares fell one peso to
      AFP  -  318 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8145 15 INDUSTRIALS i 1997 Last M Day N«t Cap HHk Ln CMH*y M '000 M* Lm p/t $nl 790 480 Ajinomoto 490 27.1 198.6 448 269 Angkasa 280 1 24 280 280 8.3 412.9 905 600 Apollo Food Hlg 630 13.3 252.0 765 372 Ber)ayaLand 645 15 397 650 640 38.3
        8,145 words
      • Article, Illustration
        Lock icon Shares close off lows on local support
        284 15 AFX-Asia U Composite Index A2A SHARE prices closed off their lows yesterday as late buying support from local institutional funds pared early losses. However, blue chips continued to fall following Standard Poor's downward revision of the outlook for Maybank, dealers said. The KLSE
        AFX-Asia  -  284 words
      • Article
        Untitled
        246 15 U> 1— WM> Cemtmr pr" IS T M»rfl IS 4* 17 Construction IS 3 Tri*0« HUH Wrattru t 0 3 "MdCI M M n HMM 1 1 Property 6 40 14 PMntrton n MM* 1 0 Trmt I 1 J LM» 2S S4 21 Rti/vrwrantt 3 0 0 SocaM Board
        246 words
    • WARRANTS & OPTIONS
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        Untitled
        3554 16 MNDL LAAIH ft IAHANTS 1997 Lilt Vol Day LMt Ouot# Avf Htgh kn Mm Company W« apr- COOO) High Low ««V* *•"•< 68 38 m m AMDS c53******6 38 36.5 42 81 41.5 3160 -Ac*f W*****1USS 63 -0.5 32 64 63 62-5 63 131 62.5 3164 Ac ma ******4 —62
        3,554 words
      • Article
        Keppel Land wrt: cheaper option
        203 16  -  WARRANT WATCH Ven Sreenivasan WE RECENTLY noted that the warrant of Keppel Land is one of the best buys on the local bourse. And at current levels, the instrument looks even more attractive than it did a month ago. It gained three cents to $1.34
        203 words
    • Article
      CLOB INTERNATIONAL
      2312 16 MALAYSIAN STOCKS Or Gr W*7 Last Val Day Last Ou*U Hi Dti VM M M Cap MHIi Law Stwa Cmnpany HH COOP) High Law Buyar S—ar C'w P/t $m« 478 212 m»5Q00 A1S85QC 219 *2 46 220 217 219 222 10 4.9 0.6 47.5 224.6 137 725 ms
      2,312 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1367 17 TUtMOW* COOO) VAiUi fOOO) o» rim *m» a* ut* MustrM 3®, 354 14,654 53.00 127.3*9 20.524 147,913 FtoMO 6,692 5470 12.370 59.213 8.306 47,519 Hotrts 1,471 435 190* 3.67# 552 4,230 ProiMrMf MM 5,560 KMM 25.331 6J3* ***** Plantation 1*47 1.647 7.009 7.009 Mtntnq 464 464 766 76* 6LW 2.551
        1,367 words
      • Article
        Untitled
        223 18 rr.u iU J l'i gTTM——BEfE Volume •Rekapacific Bh 7,014,000 Asia FoodiProp 6,056,000 STIC 25C 6,019,000 Amara Hldgs Lt 5,321.000 UIC 4,926,000 ST Aero 50c 3,738,000 SingTel 15c 3,481.000 Hotunq Inv MT5 2,888,000 *MBf Hldgs 50c 2,162,000 HK Land USIOc 1.644,000 Sticks STIC 25c 18,894,985 OCBC Foreign 17,198,224 008 Foreign 14,954,721
        223 words
      • Article, Illustration
        HOT STOCK
        63 18  -  -If I Shiv Taneja GPE INDUSTRIES ckmed 5.5 US cents higher yesterday at 81.5 US cents on a volume of 12 mWim shares, compared with Us lOday traded average W 541,600 shares. Investors who bought into this stag earlier in the year should consider tacking in soA Of
        63 words
      • Article, Illustration
        Lock icon Late buying of index-linked stocks cushions early losses
        643 18  -  STOCK MARKET COMMENTARY Brokers cite poor corporate results and an overnight 127-point drop in the Dow Jones for the depressed sentiment in the local bourse By Ven Sreenivasan [SINGAPORE] Poor corporate earnings and an overnight 1.6 per cent drop on Wall Street
        Chart info from Bridge  -  643 words
      • ON THE GRAPEVINE
        • Article
          Hoog Leong vs tax department
          131 18 WE DO not know how much the tax accountants servicing the Hong Leong group are earning, but it must be a lot According to the latest (1996) balance sheet of Hong Leong Holdings, its accountants are busy contesting the Inland Revenue Authority of Singapore for
          131 words
        • Article, Illustration
          Baht cliche
          56 18 NOT bad enough that it used a terrible cliche on its latest cover, Time, the weekly international news magazine. misspelled the Thai currency, the baht. What appeared was "From Bhat to Worse", prompting a wag to suggest that the line may have been written by an Indian. Bhat
          56 words
        • Article
          More money, more work
          134 18 BROKERS in Hongkong are turning up for work bleary-eyed these days— all because of the runaway stockmarket which has left them with tonnes of paper work. It seems that some of them, particularly the smaller brokerages, are working till 3am or 4am to sort the backroom
          134 words
        • Article
          Tax holidays
          107 18 BRITISH pop sensation the Spice Girls earn so much that they have to spend 10 months a year outside Britain to avoid massive tax bills. Each Spice Girl is expected to double her income to £16 million in 1998. Apparently, the feisty fivesome will save up to £32
          107 words
    • Article
      MAIN BOARD
      5043 17 Transaction Date Aiu; 22 Of Gr M Wt 1997 Last Vol Day Laet Ouate Wv CHv Yld Net Cam A*g hm» i— tw cinw» rooot hm> u» &urm uat cv w ww MOUSTRULS >57 101 1020 ACE Dynamics60c 103 unch 15 103 101 102 103 -10.4 84.4 103
      5,043 words
    • Article
      SESDAQ
      1049 17 w* 7 l36t V* LMtOiNti Mv 0* VM Nat Cap Av* >■» iw tin* ummm m» *h row wm u» in» w> cw w w n» SCSOM 186 76 2000 AMHM9S9C 134 *4 SR Of QO 133 134 XO *0 0.1 1914 59.6 132 412 144 2049 AS AutolOc
      1,049 words
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      198 8 THE MONETARY AUTHORITY OF SINGAPORE •-\r. ...s u .r-' SINGAPORE GOVERNMENT OFFERING OF TAXABLE BOOK-ENTRY BONDS TO THE PUBLIC I AMOUNT OFFERED SGD9BOMIO I ISSUE CODE N*****1T I ISSUE DATE 1 SEPTEMBER 1997 I MATURITY DATE 1 SEPTEMBER 1999 I INTEREST RATE TO BE DETERMINED BASED ON THE ■I AVERAGE
      198 words
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      Page 9 Advertisements Column 1
      91 9 m In business good connections can make a world of difference Reach customers and business partners around the world with Singapore Connect, Singapore's most comprehensive business directory on the Internet «a;las» WITH SINGAPORE CONNECT: Add information to the basic data in your company's listing Join our Partners Programme and get
      91 words
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  • SHIPS IN PORT
    • Article
      CONVENTIONAL WHARVES
      692 10 Vassal Voy No Berth Arrival Departure flr-#-Jmmt Pvt ItMSiiM *****7 J01 alongside 23.00/0700 Ml 207 26SA JO Hongu* 23.08/0530 laadar Honor 9703 J06 loop** 25.08/1900 Mtrja 182-HW J07 HongsiM 23.00/1200 aUu 9702 JT6 atonfsidt 2100/2300 4/97 JT7 jpoogs.a* 26 08/1000 174 J06 ikmpxS* 24.08/0800 1—11 12/97 J03 atonqwh
      692 words
    • Article
      CONTAINER SCHEDULES
      1748 10 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Booklnq/Boionco Rstls Skip Voy No Etb/Btr Period From To Froa laOmPi OOU 25/2300 22/000 22/09* 22/000 a 22/1700 ?i/t*oc 3 23/0700 23/1154 2) i<OC 4 2 WOO 23/M5* 2VT700 Halm on mno m am 22/00* arm U 22/1700 21/0454 23/0900
      1,748 words
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      Page 11 Advertisements Column 1
      713 11 0 SEMBAWANG CORPORATION LIMITED (Incorporated in the Republic of Singapore) INTERIM RESULTS 1997 The Directors of Sembawang Corporation Limited are pleased to announce the following unaudited results of the Company and the Group for the half year ended 30 June 1997: GROUP COMPANY $000 VOOO m 1 1896 tIH 1997
      713 words
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      28 14 SFor 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.
      28 words
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      Page 16 Advertisements Column 1
      146 16 ~~Land Transport Authority Infoline— COE Bidding Results Car Registration Number Availability. Available on 10th or 11th of every month. All you Available between Saturday and Wednesday each week. All you need is need is enter your IC, Passport or Company Registration enter your Car Registration number; number and the Vehicle
      146 words
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      Page 16 Advertisements Column 2
      54 16 You may have been unable to get your copy of The Business Times, The Straits Times, The Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home
      54 words
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      82 17 a m WlZ—comes to vou AvaiJable at Amconics, 1 n EVERY MONTH Jfi Kinokwiiya. Chatongef^' If if I ....gives you a /V SCST f f I f MM' chance to win ISMS SKm great prizes priced ft WIZ an entertainment magazine that doesn't just tell you, it shows youl Watch
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      Page 17 Advertisements Column 2
      104 17 Home Decor For people who love their homes I with to subscribe to WI2 for: (please choose one) Method of Payment (please tick one) On# yaar( 12 issues) at $54 Charge to my card Visa Amex Master Diners Half a year (6 issues) at $30 (please circle to indicate) (Rates
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      528 18 BUSINESS Notices In the Matter of THE COMPANIES ACT (CHAPTER 50) AND In the Matter of SUBUNK TRADERS FORWARDERS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE 6 HEREBY GIVEN tW pursuant to Secßon 308 of fte Companies Act, Cheptar 50. toa final meeting of toe member*
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      Page 18 Advertisements Column 2
      154 18 To advertise call toll-free 1800-741 1883 To SPH AudioTex Department Singapore Press Holdings Ltd 82, Genting Lane Singapore *****7 Tel: 740-1493 Fax 740-2216 I wish to subscribe to the QuickSlock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period f"I 12 months i_j 6 months
      154 words
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      Page 18 Advertisements Column 3
      203 18 Her World should I cy rzj subscribe. \ren prouder? So what if \our charges are cheap? I can i*ct in\ email for free. (»ivc mc one "ood reason \\U\ to WC II ;Jl\ 0 «'tl se\ Cl .il I n^!l> wi' i!i\e \ou a permanent c ni.nl .ulilros Ih i
      203 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Facing up to the parallel market challenge
      1848 19  -  COVER STORY Big players like B&N and new entrant Sa Sa look set to revolutionise the cosmetics business in Singapore by offering more discounts across the board. How will this affect authorised dealers of prestige brands? cobdibbbbbS reports CORINNE KERK BEFORE discounted cosmetics
      PHOTO BY ARTHUR LEE; CHRIS LOH; FILE PHOTO  -  1,848 words
    • STRAWS In The Wind
      • Article
        Mr Wrong
        58 19 VETERAN journalist Conrad Raj was having lunch in a hotel coffeehouse one day when a waiter brought him a glass of Black Label whisky. Thinking perhaps some fan had spotted him from a corner, he nonetheless said politely: "But I didn't order this." To which the surprised waiter
        58 words
      • Article
        Fossilised rockers
        81 19 THE Rolling Stones is going on a music tour. Here's David Letterman's list of suggested slogans for their concerts: Honky tonk women and grumpy old men We live through the concert or your money back Come see what Hanson will look like in the year 2097 Hurry before
        81 words
      • Article
        Airhead
        71 19 TALES from the sky: a Singaporean traveller on a French airline noticed that the door of an overhead cabin had been carelessly left ajar by a passenger. Afraid that turbulence might cause the baggage inside to fall out, she thought she would be civic-minded and inform the stewardess about
        71 words
    • OPINION
      • Article, Illustration
        Barking up the wrong tree?
        816 20  -  Local theatre seems to have grown up, judging by TheatreWorks' Hot Dogs And Eternal Triangles. But is this necessarily a good thing, asks jaddhh JAIME EE I RATHER like Ivan Heng in the movie The Fifth Element. As a futuristic space being with one minute
        816 words
    • ART
      • Article, Illustration
        Lock icon Conscience and commissions
        1292 21  -  James Rosenquist has been painting guns of late, biui mumbob hears more about this subject And learns why size matters BEN MUNROE PIDEL Castro, a salmon and gravlax pizza on the table, movie stars and their millions all find their way into the conversation of American contemporary
        COPYRIGHT FOR ALL ART ON PAGE: JAMES ROSENQUIST; CHRIS LOH  -  1,292 words
      • Article
        Biography
        470 21 James Rosenquist Considered by many to be the most dynamic and vital of the Pop Artists, as be has constantly renewed his art and taken unexpected turns. Works are often gigantic since he loves large dimensions and to show what he does in close-up. Familiar day-to-day objects become unusually
        470 words
      • Article
        Realm of the senses
        577 22  -  NIGHTSPOT Pleasure Dome comes with a decor that would give pause to even Knbla Khan By, A Surendren IMAGINE stepping into a disco and finding out that the disc jockey has had his favourite stash of compact discs confiscated by none other than his own boss.
        577 words
      • Article, Illustration
        My enemy, myself
        571 22  -  CINEMA Face/Off is an improved version of John Woo's action thrillers, helped in no small way by ace performances from John Travolta and Nicolas Cage By Corinne Kerk PACE/OFF, the title of John Woo's latest film, also sounds like something you say to someone when you're really
        571 words
      • Article, Illustration
        Plotting for a bit of cemetery space
        668 23  -  CINEMA Marital devotion can lead a man to do strange things, as Jean Reno finds out in Roseanna's Grave By\ Susan Tsang ROSEANNA'S GRAVE is a gentle little comedy with some romance, lots of pretty Italian sunshine, and mortality waiting to catch up
        668 words
      • Article, Illustration
        WHAT'S ON
        369 23  -  Compiled by M Yasotha lumißmoMs Faithfulness Tianjin-born Li ZhiQiang will display his most recent and major Chinese ink paintings on the daily life of provincial people and musicians. Aug 29 to Sep B,loam to Bpm daily at Galerie Societe Generate, 4th Level, Alliance Francaise, 1 Sarkies Road. Admission
        369 words
    • EPICURE
      • Article, Illustration
        Mollicone magic
        732 24  -  Latour's new chef has certainly got his act together with a menu thaf s full of delicious surprises, says Man no JAIME EE CONSIDERING that so many hotels have succumbed to changing tastes and turned their fine dining restaurants into function rooms or hip, lower-priced eateries, it's a
        732 words
      • Article, Illustration
        Lock icon Vietnamese dishes by the dozen
        781 24  -  RESTAURANT Me Kong at Ngee Ann City scores top marks for variety, if not always for quality By Jaime Ee ME KONG it sounds like the name of a Vietnamese restaurant, or the personal greeting of a very big gorilla. For our intents and purposes,
        CHRIS LOH  -  781 words
      • Article
        Twelve dark beauties at the Ritz
        877 24  -  WINE CONNOISSEUR Penfold's Grange has long been regarded as Australia's wily First Growth. A recent tasting of the 1900-91 vintages showed why By] N K Yong A FEW days ago, a local collector wanted to buy some Penfold's Grange 1990 and was willing to
        877 words
    • Article, Illustration
      CINEMA
      729 25 Austin Pocert. Mike Myers and Liz Hurley star in this hilarious spoof of James Bond movies. Lido, Century. Batman And Robin. George Clooney inherits the Batsuit from Val Kilmer and takes on Iceman Arnie and Uma Thurman as pseudo-feminist Poison Ivy. Yishun. Bean: The Ultimata Disaster Movie. Some would
      729 words
    • Article
      ENQUIRIES AND BOOKINGS
      116 25 Cathay Org Cathay 338-3400 East shore 346-1816 Picturehouse :i3B-3400 Yangtze 223-7529 BnfWah Kmpress 777-5867 Jubilee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Bedok Bishan 3M-8885 Boon Lay 792-2788 Broadway 454-9394 Majestic 5:i3-90:i2 Marina 337-9488 Pavilion 786-5788 Tampines 8 786-5788 Tiongßahru 274-6588 Yishun 257-7848 Clementi/ CweaJth 777-0669 Golden/New
      116 words
    • TRAVEL
      • Article, Illustration
        At home with the filthy rich
        837 26  -  searches in vain for bathrooms in the castle of Eberhard Ludwig JAIME EE The writer was a guest of Lufthansa German Airlines. Germans really dig castles. And cathedrals. Huge, old brick buildings with dreadful ventilation that house either the remains of the owner or,
        837 words
      • Article, Illustration
        Lock icon More than just macadamia nuts and aloha shirts
        900 26  -  P SHOPPING Massive malls and factory outlets have turned Hawaii, of all places, into a best-boy haven for shopaholics Selena Oh THE ISLAND state of Hawaii, long renowned for its magnificent natural wonders, would hardly be considered a destination for serious shoppers.
        SELENA OH  -  900 words
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      5 19 Art James Rosenquist EL 3
      5 words
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      Page 19 Advertisements Column 2
      71 19 Travel home the filthy rich EL 8 Get Your Copy of Theßusinj^sTimes y v v^ggjjjj^H|| at «J Cold Storage Mobil Mart \S£J >a. Select (flBo) Tiger Mart I 'I Also available: The Straits Times BeritaHarian #jll5l|P©(lPII8r Lianbc Zaobao -IfrtS 8 [BMM HQS TheStmitsTknea IJanhr WaaWo SMn Mfci D*Hy News QOH
      71 words
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      61 20 **r* *»f^'l' iKti|gyTyiTfpWiPW^^^B^^K£l-Ir <. JVU^^, l l business I /Jjr Any respite I ji insight? I Available at Newsstands NTUC Supermarkets Caltex Published by Times Periodicals, member of STOP PRESS kiosks 7 Eleven Mobil -innannre Times the Bookshop Cold Storage SPC n 9 a P o e Kinokuniya Shell BP
      61 words
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      50 22 I I-P only my boss would J -b these ads jpm i: 'if 1 any jod. any Career. Available any Day. any time. ANYWHERE. the Straits times the Sunday times Business times the new Paper lianhe zaobao lianhe wanbao Shin min Daily news Berita Harian berita minggu Singapore Press Holdings
      50 words
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      Page 22 Advertisements Column 2
      93 22 MjisgtiTiir jpfompyoji the atpck exchange? ntwlo it million readers! ||p ij I ferofte company's advantage to buikJ r 1 r nappy to report record group profit before !a 1 I 1 r oriorrr-/ in rerrri fourth Its be buoyant if Regional p prosper, while the United ifHuS rUbllC circulation and
      93 words
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      Page 23 Advertisements Column 1
      276 23 Where to wine, dine and entertain... m*ts What better way to celebrate a tfreat week tkan Sunday Brunch at The Cafe-in-The- ft rk? Enjoy the fineat >runcK and service at only $28* per adult (only $14* for the kid*). Then toaat your good fortune with Gold Sett Champagne, each glaaa
      276 words
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      Page 23 Advertisements Column 2
      191 23 11th 24th August '97 pfIAWNs L, C£d FISH or Price: $9.oo*** For reservations, call Luna Coffee House at 733 2081 ext 468. AX 401 Havelock Road. Singapore HMD APOLLO MOTEL Tal 711 20(1 Telafai (iJ) 711 1511 smgaporc E-mail:apoainQmboa2.aingnet.com.ag A Bigger Better Tunch Bmore variety EXCELLENT VALUE SAME OLD PRICE
      191 words
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      Page 23 Advertisements Column 3
      219 23 SWHAT HAPPENS 1 WHEN YOU ADD 4 A DASH OF ITALIAN PASSION WITH A PINCH OF 4 CHINESE WISDOM? f You be the Judge. 41 PAOLO RING'S UNO APOII Opening hours from 11.30 am to 12.30 am j 25 Scotts Road, Singapore *****0 < f For reservation!, call 731-7985 fiiL
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      Page 23 Advertisements Column 4
      160 23 W 7"" V* Unwind at Parrots where a scrumptious hegh tea birffct spread prepared with the choicest ingredients await you. With Western sweets and savouries Hke salmon croquettes, quiches, that flan and a wide selection of Local favourites like satay, dan sum, rojak and more rV tan't it hirii time
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      Page 23 Advertisements Column 5
      72 23 -»«hwmm® 24-hour Coffee House Ist floor The Chicken Rice Capital Of The "World V« fcfal lll^fl^" L yy>^ 333 Orchard Road. Singapore *****7. Tel: 737 4411 ►The new Phoenix Garden Cafe is now open Right in the heart of Orchard Road Popular Buffet Lunch, High Tea and Dinner Two function
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      139 24 To: SPH AudioTex Department Singapore Press Holdings Ltd 82, Gcnung Lane Singapore *****7 Tel: 740-1493 Fax 740-2216 I wish to subscribe to the QuickSiock's Portfolio Manager as follows (please tick the appropriate box: prices tncludc GST). Subscription Period II 12 mottths Q 6 months CD 3 months at 5560.00 at
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  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      2135 25 TODAY'S TV RECrOMMEMDED VIEWDfO Premiere 12 5™ 12.00 NN TV Innovations. "J I o ™T™" der Partv timp Jackson, who moves to a Lo P M Tennis. ATP Tour Friends TtTj white neighbourhood only Highlights 1997 Stutt- 3JO Jackie Her Bushbaby in at the Padanff to treated as a criminal.
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