The Business Times, 6 September 1997
1997-09-06
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The Business Times
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Title Section15 1997-09-06 1 THE BUSINESS TIMES MIT A (P) 023/12/96 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, SEPTEMBER 6-7,199715 words
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Article62 1997-09-06 1 Q HftUM (+57.45) flirr-sRi U 912J8 (+40.43) Qbtoomf 174&34 (+86.05) OBTHGA 856J9 (+36.63) STOCK MARKET PDICES Friday Change KfiSE COUP ***** 9047 NIKKEI 18,650.17 +36.11 HANG SENG 14,563.55—+364.38 SW INDEX ***** +1&19 JAKARTA COUP _-594.ll +6054 MANILA COMP —2,***** +3154 TAIPEI Wll *****9.—+***** 8EOULOOMP ***** +1253 «£A CHINA62 words
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Article72 1997-09-06 1 EXCHANGE BATES liSS S) USC 1^*8 f 1.586 2.407 DM 0561 0837 YEN KM 0.827 1266 MS 0.339 0615 HKS 0.129 0.196 RANT 0.028 0.043 RUP1AH 100 0.034 0.061 PUME BATES SINGAPORE* .8.44 KUALA LUMPUR. _.9JQ JAKARTA 18.00 BANGKOK 13.25 MANILA- 115P HONGKONG 8.75 TAIPEI MM SYDNEY MM TOKYO72 words
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Article, Illustration460 1997-09-06 1 Eddie Toh, Yang Razali Kassim - Index jumps 12.4% following lifting of trading cnrbs on KLCI stocks From Eddie Toh, Yang Razali Kassim in Kuala Lumpur DESPITE the lifting of trading curbs on the component stocks of the KLSE Composite Index, the Malaysian government has not reversed its banSource: Bloomberg - 460 words
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Article84 1997-09-06 1 Here's the brief KLSE statement yesterday: "THE Kuala Lumpur Stock Exchange (KLSE) has decided that the designation of the securities of the 100 component stocks of the KLSE Composite Index be lifted with effect from 9.30 am, Friday. 5 September 1997, following which, the securities of these companies84 words
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740 1997-09-06 1 Audrey Tan - By. Audrey Tan [SINGAPORE] Singapore investors in Vietnam are bracing for a tightening of foreign exchange controls which will restrict the conversion of the Vietnamese dong into hard currencies from next year. Most foreign ventures in Vietnam earn their income in dong which740 words
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233 1997-09-06 1 R Sivanithy - By R Sivanithy [SINGAPORE] The Malaysian stock market may have rallied strongly yesterday, but two developments point to more uncertainty ahead a discount in the Foreign tranches of many blue chips and a discount in the Kuala Lumpur futures market. For233 words
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Article, Illustration642 1997-09-06 1 S N Vasuki - Foreigners can now own 100% of listed firms except those in financial sector From S N Vasuki in Jakarta INDONESIAN stocks surged a dramatic 11 per cent yesterday as foreign and local investors reacted positively to a government decision to liftSource: Bloomberg - 642 words
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Page 1 Advertisements
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Advertisement138 1997-09-06 1 2mm LATEST ML< Mother Teresa dies NOBEL Peace Prize winner Mother Teresa died of a heart attack at the age of 87 in the early hours of this morning. The Catholic nun, known for her work with lepers and the poor in the slums of Calcutta and other parts of138 words
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Advertisement66 1997-09-06 1 Why Mahathir changed his mind, Pg 4 Commentary, Pg 4 Good value amid KL's rebound, Pg 3 i yu AFP Three's company [KUALA LUMPUR] Malaysia's Deputy Prime Minister Anwar Ibrahim (left) greeting Prime Minister Mahathir Mohamad (right) after the opening of the Umno general assembly in Kuala Lumpur yesterday. In66 words
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Advertisement139 1997-09-06 1 Pf i n IB 11 J|. 'Mr II II Iw •-vs."- jJf- jM Kl V fl A Begin your own tradition. fvrry Pafr* Philippe watch is crafted by hand. So each one is subtly different from the next. This is what makes it uniquely personal to its owner. The ladies'139 words
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SINGAPORE AT HOME & ABROAD
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229 1997-09-06 2 MENDAKI, the council for the advancement of the Malay/Muslim community, yesterday launched Singapore's first Islamic CPF-approved unit trust fund. The Mendaki Global Fund (MGLF) taps Central Provident Fund savings and will follow investment terms set by the CPF board. In line with CPF rules,229 words
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281 1997-09-06 2 Diana Oon - By\ Diana Oon THE government is amending conveyancing rules to safeguard buyers and sellers in property transactions. The Ministry of National Development (MND) yesterday said it is changing the Housing Developers Rules and the Sale of Commercial Properties Rules to make the281 words
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474 1997-09-06 2 Ronnie Lim - Other options include making with independent power producer By\ Ronnie Lim MOBIL Singapore is studying building its own power plant to meet its electricity needs, or alternatively striking a prod-uct-for-electricity swap with an independent power producer (IPP) once electricity supply here474 words
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NEWS Roundup
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84 1997-09-06 2 THE Land Transport Authority has awarded a $104 million contract to a German-Singapore venture to build two multi-tier interchanges at the junction of Upper Serangoon Road and Bartley Road. Wayss Freytag of Germany, Econ Piling and Chew Eu Hock Construction landed the massive project, which84 words
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81 1997-09-06 2 THE East Coast Expressway (ECP) will be the first to have automated gantries in preparation for the electronic road-pricing system, which is expected to be operational by March next year. Similar gantries will be erected on the Pan-Island Expressway, Central Expressway and in the81 words
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Article48 1997-09-06 2 MOBILE phone operator Ml said in a statement yesterday that it has invested in excess of $120 million in its GSM network since its launch in April this year. Ml is a consortium comprising the Keppel Group, Singapore Press Holdings, Cable Wireless and Hongkong Telecom.48 words
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Article, Illustration569 1997-09-06 2 Loh Hui Yin - Fundamentals of Asian economies good: HTs chief executive By Loh Hui Yin HONGKONG'S chief executive Tung Chee-hwa is confident that the regional economies currently mired in financial turmoil will soon be back on their feet. "The fundamentals of the Asian economies are good.ALPHONSO CHAN/ST - 569 words
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290 1997-09-06 2 BRITAIN wants to see if it can learn from Singapore and Malaysia about improving public services, said visiting UK Public Service Minister Peter Kilfoyle. Mr Kilfoyle. who arrived here from Kuala Lumpur on Wednesday night, told BT yesterday: "I came principally to see290 words
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149 1997-09-06 2 NTUC Income is expanding its property investments and has teamed up with NTUC Healthcare to buy a 60-year leasehold industrial property for $52 million. The property purchase, which represents the first joint venture for both co-oper-atives, is being sold by an associate company of149 words
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Page 2 Advertisements
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Advertisement752 1997-09-06 2 ©INTERNATIONAL FACTORS (SINGAPORE) LTD (Incorporated in the Republic of Singapore) UNAUDITED HALF YEAR FINANCIAL STATEMENT The Board of Directors of International Factors (Singapore) Ltd wishes to announce the following unaudited results of the Group and of the Company for the six months ended 30 June 1997. THE GROUP THE COMPANY752 words
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Page 2 Miscellaneous
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Miscellaneous166 1997-09-06 2 CRYPTIC CROSSWORD 26 Pipe was put under water, it was announced (4) 27 Ray listing elements causing 9 People engaged in this feel YESTERDAY'S SOLUTION inflammation (10) on top of the world (14) Bnßiiißii^BiMiiß DOWN 15 One who was eager for profit 1 Man finding a chore upset- had t0166 words
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FOCUS: PERSONAL FINANCE & INVESTMENT
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BULL'S EYE
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Article, Illustration482 1997-09-06 3 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa Securities, Deutsche-Morgan Grenfell, Fraser Securities, GK Goh, ING Barings, Merrill Lynch, Phillip Securities, Indosuez WI Carr. Singapore Telecommunication* ♦(Maintain Sell) BZW Pacific Union, Sept 4, $2 06 The announcement by SingTel's482 words
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Article, Illustration456 1997-09-06 3 Peter Hames - By Peter Hames Director, Aberdeen Asset Asia ITTING at my desk over the past few weeks, I cannot remember receiving a single bit of positive news. Almost every single broker report and telephone call has been laden with tales of the coming apocalypse whilst newspapers have been456 words
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Article, Illustration1006 1997-09-06 3 Louis Beckerling - Analysts still urge caution, but they concede that some plantation, utilities and consumer stocks look appealing By Louis Beckerling fSINGAPOREI ONE bounce doesn't make a recovery, to mix a metaphor. So, while some bottom-trawling for oversold Malaysian stocks looms like a tantalising proposition after yesterday'sSource: Bloomberg - 1,006 words
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Article, Illustration477 1997-09-06 3 Al Labita - EYE ON THE REGION: MANILA From, Al Labita in Manila BURSTS of positive news have cooled off the overheated selldown of Philippine stocks, but any hope for a prolonged rally is expected to be marred by ongoing currency woes in the region.FILE PHOTO - 477 words
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Article, Illustration531 1997-09-06 3 Neil Behrmann - From, Neil Behrmann tnLondon SHREWD Asian investors who bought residential property in London when prices were depressed in 1993 and 1994 have made huge gains. The big question, however, is whether residential property in London is still a reasonable investment for new buyers. TheSource: Saville Research* - 531 words
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715 1997-09-06 3 Caroline Meakin - Uaok to Basics This is the third in a series of tivelve articles discussing investing fundamentals By Caroline Meakin The writer is manager af private client portfolios at Schroder Investment Management Singapore. Future articles in this fortnightly series will deal with715 words
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Page 3 Advertisements
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Advertisement30 1997-09-06 3 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. CaU C.A.T.S. at 1800-737-1166. I CAT A 1 Another Classified Service30 words
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MARKETS IN TURMOIL
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Article, Illustration603 1997-09-06 4 Eddie Toh - Shares go 'limit-tip' after Mahathir lifts curbs; market seen choppy ahead tYom Eddie Toh in Kuala Lumpur THE Kuala Lumpur Stock Exchange went "limit-up" yesterday after Prime Minister Mahathir Mohamad lifted trading curbs on index stocks but market players remain divided whetherREUTER - 603 words
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660 1997-09-06 4 Eddie Toh - Talk is that he sought feedback before acting to delay mega projects Frorn Eddie Toh in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad has put pragmatism above personal pride in his latest bid to salvage the meltdown in the stockmarket which funds660 words
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Article, Illustration384 1997-09-06 4 Larry Wee - By Larry Wee [SINGAPORE) The Malaysian ringgit bounced back with a vengeance in Asian trading, and recovered 10 sen to 2.9350 by the close of the week's trading in Asia yesterday as the Malaysian stockmarket's key index recovered 12 per cent. OptimismSource: - 384 words
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500 1997-09-06 4 Neil Behrmann - This despite their relief ova* region's dealing with crisis From Neil Behrmann inLondon EUROPEAN fund mangers and brokers remain cautious about investing in Malaysian, Indonesian and Thai stock markets, even though they are encouraged about recent measures to deal with the500 words
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373 1997-09-06 4 Al Labita - Market soars again on news of peso's rise, fall in inflation rate From, Al Labita in Manila THE Securities and Exchange Commission said it may restrict foreigners from buying shares via an initial public offering over the next three years, agencies373 words
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Article, Illustration608 1997-09-06 4 Vikram Khanna - Bnt there are questions to be cleared up before Investor sentiment turns dnr&bly bullish OOMMBMTABY By Vikram Khanna EVER since financial markets went global, the same scenario has played out in country after country, in every continent, and the lesson for policy makers has been608 words
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285 1997-09-06 4 Bloomberg [KUALA LUMPUR] Malaysia's trade deficit narrowed to Ms9oo million (5J463 million) in July from Ms2.B billion in June, as merchandise exports rose and imports declined. "It's within market expectations," said Sani Hamid, an analyst at MMS International, a unit of Standard Poor's.Bloomberg - 285 words
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Page 4 Advertisements
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Advertisement113 1997-09-06 4 Soros bought ringgit in July: report, Pg 5 Japan's recovery not due to weak yen alone, Pg 6 OoCBCM Ovinia Chin— Banking Corporation Limited (Incorporated in Singapore) ANNOUNCEMENT OVERSEA-CHINESE BANKING CORPORATION LIMITED INTERIM DIVIDEND PAYMENT DATE The Directors of Oversea-Chinese Banking Corporation Limited are pleased to announce that the interim113 words
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REGION
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Article, Illustration560 1997-09-06 5 Yang Razali Kassim - UMMO GENERAL ASSEMBLY Dr Mahathir's Umno speech notable for what he did not say By Yang Razali Kassim THOSE who came to the Umno general assembly expecting Prime Minister Mahathir Mohamad to make a thumping speech on the economy, given the turmoil in the560 words
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231 1997-09-06 5 NEW YORK AFP US financier George Soros bought Malaysian ringgit during the South-east Asian country's recent currency crisis, The Wall Street Journal reported yesterday. Malaysian Prime Minister Mahathir Mohamad has charged on several occasions that it was Mr Soros' currency speculation activities that wereAFP - 231 words
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451 1997-09-06 5 Meera Tharmaratnam - KUALA LUMPUR Main contractor ABB disputes its dismissal by Ekran chief Ity Meera Tharmaratnam THE controversial Bakun Dam project may continue as soon as all the disputes between Asea Brown Boveri AG and the developer is resolved, said Minister of Energy,451 words
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402 1997-09-06 5 Harish Mehta - BANGKOK Failure to adopt new charter will hurt economy: ez-PM Harish Mehta THAI Premier Chavalit Yongchaiyudh, in a reversal of his earlier position, yesterday agreed to back a radical new constitution aimed at stamping out graft and vote buying. The prime minister's announcement late402 words
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249 1997-09-06 6 BOMBAY AFP FOREIGN AIRLINES will not be allowed to hold stakes in Indian airlines, a government official said in remarks published yesterday. Civil Aviation Secretary M K Kaw said a new policy now being prepared by the government to regulate the Indian skiesAFP - 249 words
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Article, Illustration396 1997-09-06 6 Anthony Rowley - TOKYO Measures will hit the extortionists and the companies that collude with them By Anthony Rowley THE Japanese government yesterday announced measures to confront sokaiya corporate extortionists whose activities have recently sullied the image of the country's financial industry. The measures will396 words
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434 1997-09-06 6 TOKYO This comes after US slaps fines on Japan's shipping firms Bloomberg THE European Union (EU) yesterday joined the US in denouncing what they called discriminatory harbour services in Japan, the day after Washington imposed sanctions on three major Japanese shippingBloomberg - 434 words
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309 1997-09-06 6 TOKYO Bloomberg JAPANESE Finance Minister Hiroshi Mitsuzuka said the recent weakness of the yen. against the US dollar is not the only thing driving the nation's economic recovery. "The Japanese government has never advocated a weak yen as a way toBloomberg - 309 words
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Article, Illustration83 1997-09-06 6 I HONGKONG] This dog from the Hongkong police dog unit appears to be in deep thought, thinking paparazzi are about to hound somebody. Rut no, they are just photographers trying to snap pictures of this member of the Hongkong police dog unit near theAFP - 83 words
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287 1997-09-06 6 SYDNEY Party may place anti-Asian HP before Labor at election AFP AUSTRALIA'S rural-based National Party indicated yesterday it may favour anti-Asia MP Pauline Hanson ahead of at the next election despite strong attacks on her by its leader. Deputy Prime Minister Tim Fischer.AFP - 287 words
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Page 5 Advertisements
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Advertisement68 1997-09-06 5 ffte /n DUNUOP SP SPORT 9000. C c" "57/ ar mm M m mMM m Individual grades S /<?■s/A o/ C-/ o/ Takes you to the next millennium zzzzr 17 /MwSWf^A^ m m m »«7W<W */<?•£/**/*// ana ocyoncf. 35 1 25 25 -5 aquapljninq '9* Ibf.M (M»n«» «?e <ower »e«f#r68 words
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Page 6 Advertisements
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Advertisement950 1997-09-06 6 SINGAPORE REINSURANCE CORPORATION LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT lo: All Shareholders The Board of Directors of Singapore Reinsurance Corporation Limited wishes to make the following announcement: I UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1997 COMPANY GROUP 1997 1996 or- 1997 1996 ♦orSs'ooo SS'OOO $$'000950 words
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THE WORLD
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314 1997-09-06 7 ZURICH AFP SWISS experts investigating the record of Swiss banks during the Nazi erg are to widen their enquiry to a further 200 banks which were in business in 1945, it was announced here late on Thursday. Paul Volcker, chairman of the commissionAFP - 314 words
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Article, Illustration52 1997-09-06 7 [LONDON] Mourners camping along Whitehall early yesterday. Hundreds ofpeople started lining up along the procession route for the funeral of Diana, Princess of Wales, today for a vantage spot. Diana died in a car accident in Paris along with her friend DodiAl Fayed and his driver onREUTER - 52 words
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382 1997-09-06 7 WASHINGTON Number of new homes in July drops to the lowest level since Dec'9s Reuter THE US jobless rate rose slightly to 4.9 per cent in August from 4.8 per cent in July as the 16-day United Parcel Service strikeReuter - 382 words
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375 1997-09-06 7 MOSCOW Rosneft sale is expected to fetch more than USslb Reuter RUSSIA'S planned privatisation of state-owned oil holding company Rosneft, which could raise more than US$l billion (Ssl.s billion) for state coffers, will be held in two stages. FirstReuter - 375 words
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269 1997-09-06 7 WASHINGTON Glob&l competition, rising productivity keeping inflation low Bloomberg FEDERAL Reserve chairman Alan Greenspan said global competition and rising productivity are keeping US inflation low, Business Week reported. The magazine suggests that means the Fed "is not about to raise interest ratesBloomberg - 269 words
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Article, Illustration661 1997-09-06 7 Leon Hadar - LETTER FROM WASHINGTON With their snmmer vacations over, politicians are returning to an agendaless capital Hu Leon Hadar EACH year, following the long Labour Day weekend which marks the end of the summer vacations and the beginning of the new school year,661 words
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168 1997-09-06 7 CERNOBBIO, Italy Bloomberg EUROPEAN Union competition commissioner Karel Van Miert threatened to take action against Deutsche Telekom AG unless it lowers fees for competitors to use its lines. "Deutsche Telekom is still charging too high fees to com petitors," Mr Van Miert told journalistsBloomberg - 168 words
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Page 7 Advertisements
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Advertisement195 1997-09-06 7 A Legendary Celebration. MID-AUTUMN FESTIVAL 18 AUGUST TO 16 SEPTEMBER 1997 Transcend the bounds of time with Hua Ting Chinese Restaurant's Traditionally Baked Mooncakes handmade traditional mooncakes. Every piece of our divine Lotus j 5?"!!!! r Lotus Paste with Macadamia Nuts $26.00 Paste, White Lotus Paste or Yolk Cream mooncakes195 words
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Page 7 Miscellaneous
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Miscellaneous28 1997-09-06 7 DOOMHSBDRT By Garry Trudeau HCWPB- MUU TMAFRAIPI'M GOING PFBS&N6. NOM U TOHAVBTDPGAPPONTHJM. HAVS7O^ G/BUHZ lACBY.I ff J TH&&STOOMUCHUNHNI9&A UH... )£S?POyOU PFES/P&fr CANT IMA- OUSiN£SS!-nXMY.FORIN- THINK?. MN7S/HZ &NS HE28 words
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COMPANIES & MARKETS
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399 1997-09-06 8 Christopher Tan - Property was main engine of growth, contributing 35% to pre-tax profit By i Christopher Tan [SINGAPORE] Motor and property group Sime Singapore almost trebled full-year earnings to $36 million an encore to its sparkling interim performance. Despite difficult market conditions, Sime raked in a399 words
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227 1997-09-06 8 Teh Hooi Ling - By' Teh Hooi Ling [SINGAPORE] Sembawang Corp yesterday said it received acceptances totalling 15.2 per cent for its offer of Jurong Shipyard's (JSL) shares, lifting its holdings with concert parties to about 53.9 per cent and making its takeover offer unconditional. Of the acceptances, 93.7227 words
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120 1997-09-06 8 [SINGAPORE] Singapore Reinsurance Corp's interim earnings rose just 2 per cent to $5.6 million on a soft market. Its underwriting business was hit by an increasing number of claims and continued market softness due to oversupply in capacity, the group120 words
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645 1997-09-06 8 Lee Han Shih - HOCK LOCK SIEW Lee Han Shih THE timing could not have been worse. Just when some brokers have been recommending Fraser Neave (F&N) shares to their clients, news from Vietnam suggests that the business of both F&N and its associate645 words
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Article, Illustration336 1997-09-06 8 David Boey - Analysts expect Mindef deal to be worth $800 m to $1 Jb By David Boey [SINGAPORE] Singapore may not have a national car but thanks to Singapore Technologies Automotive, it now has a national armoured vehicle the Bionix IFV. But the project is not justGEORGE GASCON/ST - 336 words
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SINGAPORE & MALAYSIAN COMPANIES
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COMPANY Briefs
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Article68 1997-09-06 9 [SINGAPORE] Factoring company International Factors (Singapore) reported a 9.6 per cent rise in net earnings to r $3.2 million for the six months ended June 30. Gross operating income edged up 1.7 per cent to $16.6 million. IFS said the ongoing regional currency crisis68 words
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90 1997-09-06 9 [SINGAPORE] Ssangyong Cement's interim net earnings slid 13 per cent to $8.36 million. Turnover was flat at $87.06 million. The group said the profit fall was due mainly to the initial operating losses from joint ventures in China and higher depreciation charges. Ssangyong said the90 words
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86 1997-09-06 9 foil 34% [SINGAPORE] Local printed circuit-board maker Pentex-Schweizer has posted a 34 per cent drop in full-year net earnings to $7.6 million for the period ended June. Group turnover rose a marginal 0.73 per cent to $94.2 million with contributions from newly-acquired subsidiaries in the second86 words
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Article39 1997-09-06 9 {SINGAPORE] Hyundai Engineering Construction has clinched a $132.8 million contract to build the MKT North-East line's World Trade Centre station and adjoining tunnels. It beat Korean rival Ssangyong Construction, which submitted the lowest bid.39 words
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Article37 1997-09-06 9 [SINGAPORE] Freight Links Express Holdings has acquired 500,000 $1 shares in a new subsidiary, Freight Links Express Airfreight Pte Ltd, representing a 100 per cent interest Flea is engaged in air freight forwarding.37 words
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Article33 1997-09-06 9 A BLOOMBERG report which BT carried on Tuesday said First Pacific Company has large unhedged Malaysian debts. The Hongkong-based company has clarified that it has no exposure to the ringgit.33 words
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386 1997-09-06 9 Catherine Ong - Family firm expected to reject his right to exercise shares Catherine Ong [SINGAPORE] Rafiq Jumabhoy has given notice that he would be exercising six million out of a total of 100.8 million shares in publicly listed Scotts Holdings under a share option386 words
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Article233 1997-09-06 9 Tan Siew Kim (Ms - LETTERS TO THE EDITOR Tan Siew Kim (Ms) Manager Corporate Communications Singapore Bus Service (1978) Ltd WE REFER to Mr Adrian Ho's letter, "DelGro's 37 cents EPS not plausible", which appeared in The Business Times on Sept 3. We wish to thank Mr Ho for his233 words
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Article129 1997-09-06 9 C K Yuen - C K Yuen I REFER to the recent debate between Mr Zeng arid Mr Chan orl Local/Foreign shares. The main factor in the playing field not being level is that foreigners are not able to buy cheaper Local shares, and are forced to buy more129 words
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325 1997-09-06 9 Annette Pau - ELECTRONICS EARNINGS SURGE Directors attribute good results to group's regional expansion drive By. Annette Pau [SINGAPORE] Mainboardlisted Electronic Resources yesterday posted excellent interim earnings, with a spectacular jump of 105.6 per cent to $9.3 million for the half-year ended June. This is almost 80325 words
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338 1997-09-06 9 Company hopes to achieve at least 30% growth for the year [SINGAPORE] Sesdaq-listed Flextech yesterday posted a 10 per cent net earnings increase to $2.4 million for the halfyear, and hopes to achieve at least 30 per cent growth for the year. "It338 words
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182 1997-09-06 9 [SINGAPORE] Construction specialist BBR Construction Systems yesterday said it will allot small investors who applied for between one and nine lots 40.5 per cent of the shares in its initial public offer. The company's 14 millionshare public tranche at 48 cents182 words
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212 1997-09-06 9 [SINGAPORE] The United Overseas Bank group has sold L&M shares and warrants pledged to it as collateral by Johannes Kotjo and other L&M controlling Indonesian shareholders. L&M, whose shares suffered one of the biggest bashings in the local market's latest downturn,212 words
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REGIONAL COMPANIES
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474 1997-09-06 10 Analysts see growth at 8-10% ahead with slowdown in M'sian, regional economies AFX-Asia [KUALA LUMPUR] Sime Darky is expected to report today net profit ranging from MsBs2 million (Ss43B million) to MSB7I million for the year, up about 25 perAFX-Asia - 474 words
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420 1997-09-06 10 Al Labita - From Al Labita in Manila SINGAPORE'S Keppel Group is beefing up the funds of a newly acquired thrift bank to position it for a competitive stance in the Philippines' banking industry, an official said yesterday. Keppel Monte Bank president Fidel Bugayong said the420 words
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Article519 1997-09-06 10 Firm shrugs off exclusion from sale of 25% of CT(HE) FT, Reuter, Bloomberg {LONDON) The Chinese government is hoping next month to sell off 25 per cent of China Telecom (Hong Kong), expected to be the main vehicle for Cable and Wireless's expansion plansFT, Reuter, Bloomberg - 519 words
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202 1997-09-06 10 [SINGAPOREJ Taiwan snack maker Want Want Holdings yesterday reported a 19 per cent rise in interim net earnings to $34.3 million for the six-month period ended June 30,1997. The improved results came on the back of a robust202 words
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204 1997-09-06 10 Bloomberg [HONGKONG] China Development Corp, a Singapore-based construction and mining company whose stock was suspended after more than doubling in a day, said Hongkong regulators are investigating trading of its shares. In a statement, China Development said its shares will remain suspended until theBloomberg - 204 words
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REGIONAL/IMTERNATIONAL COMPANIES
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259 1997-09-06 11 Reuter [LONDON] Independent British investment bank Schroders pic yesterday reported record first-half pre-tax profit of £131 million (*****.5 million), up from £115.9 million for the same period in 1996. The group said while the second half had started reasonably well, the business outlook was "notReuter - 259 words
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337 1997-09-06 11 Chairman sap HE market may not be competitive on its transaction costs Reuter [SYDNEY] Hongkong's Securities and Futures Commission (SFC) added its voice on Thursday to the clamour for lower stamp duties and commissions to keep the Hongkong market competitive. Commission ChairmanReuter - 337 words
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Article245 1997-09-06 11 Reuter [HONGKONG] The Hongkong stock exchange said it will apply new measures regarding listing of derivative warrants with the minimum issue price of a warrant to be at HK$O.25 and the maximum board lot size set at 10,000 warrants. It added that the new.Reuter - 245 words
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323 1997-09-06 11 AFP [HONGKONG] Shares of Hongkong's clothing retailer Giordano International Ltd dropped 9.7 per cent yesterday after the firm denied a news report that tycoon Li Kashing's Hutchison Whampoa Ltd was taking a stake in the firm. Giordano shares closedAFP - 323 words
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312 1997-09-06 11 The software will keep track of false info on Internet that could move shares FTh [LONDON] Nasdaq, the US stock exchange, is to introduce a surveillance device to detect the transmission of share-price-sensitive false information on the Internet. The device, which willFTh - 312 words
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Article, Illustration62 1997-09-06 11 [HANOI] A visitor getting a close look at French Dassault Industries'aircraft models, including a Mirage 2000-5, on display at an international air exhibition in Hanoi yesterday. The world's major aircraft makers, such as Airbus and Boeing, are represented at the exhibition. Economic growth recorded in the past fewAFP - 62 words
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FINANCE & COMMODITIES
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379 1997-09-06 12 Siow Li Sen - Fall in ringgit has boosted palm oil demand, price Ky\ Siow Li Sen [SINGAPORE] Malaysian oil palm plantations, which have been laughing all the way to the bank for the past three years, are poised for another windfall this year as crude379 words
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Article, Illustration414 1997-09-06 12 USS/mark: The US dollar started the week on a firmer note, touching a high of 1.84 by Wednesday before retreating to the 1.8170 level yesterday morning. The technical picture favours the upside, with resistance levels seen at 1.84, 1.86, 1.8705 and then at 1.8910. AnySource: DBS Bank - 414 words
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257 1997-09-06 12 Fleet Banc One may bid for Quick Reilly Bloomberg [PALM BEACH, Florida] Fleet Financial Group Inc and Banc One Corp are among about five companies that could offer to buy Quick Reilly Group Inc, the third largest US discount brokerage firm, analysts familiar with the situation said on Thursday. TheBloomberg - 257 words
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397 1997-09-06 12 Shiv Taneja - Equities fond set to be launched later this month By\ Shiv Taneja [SINGAPORE) Buoyed by the success of its Global Growth Fund in May which raised a massive $135 million at the end of its launch, Templeton Asset Management has plans for yet another global397 words
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Article164 1997-09-06 12 Reuter [LONDON] Nat West Markets, the troubled investment banking arm of National Westminster Bank, has cut employees' bonus pay following huge options losses earlier this year, the Guardian said yesterday. Citing an internal memorandum, the paper said 5,000 British employees will be affected by theReuter - 164 words
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203 1997-09-06 12 SSMESLReport Reuter [SINGAPORE] Interest rate futures traded on Simex spent most of the time shuffling listlessly yesterday in uninspired ranges as market participants focused on the release of the US employment report, due at 1230 GMT. A Reuters poll of economists returned aReuter - 203 words
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154 1997-09-06 12 Perry Gilbert - MSCI TAIWAN FUTURES -By I Perry Gilbert vice-president, Refco Singapore Pte Ltd (SINGAPORE) The Simex MSCI Taiwan Index futures contract rose yesterday in response to a recovery in Asian equity markets and positive statements issued by Taiwan government officials regarding Taipei's plans to stabUise154 words
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274 1997-09-06 12 EMEROT REPORT [LONDON] Opec oil output, swollen by renewed Iraqi exports, tipped the balance at an 18-year high in August, a Reuters survey found. August wellhead crude production from the 11-mem-ber organisation rose nearly a million barrels a day (bpd) to 27.39 million from274 words
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Article, Illustration1259 1997-09-06 12 DfTERBAMg CROSS RATES Sept 5 8 M EOI Ft H IB T« W$ II2$P*8» Hm S$ U* m trnkm LOC 6.(71 047* 4481 U27 1468 26.746 ***** 0405 643? 2J57 IBJ 29.*****471 IH0 3.4S 1495 20.941 HaB2 imSBfr CM* 0480 iON 0468 MM UR i*QP 26.445 ***** 0.174 jU57 2J3t1,259 words
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Article279 1997-09-06 12 Reuter [pinion THE US dollar was sharply lower against the mark, undermined by a reversal in US asset markets' fortunes as traders digested the earlier release of the US August employment report, dealers said. According to an analyst, US asset markets initially responded positively to the low-er-than-expected riseReuter - 279 words
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Article1591 1997-09-06 13 SICOM FUTURES Sept 5 IHMCt (latvm at SJQpa) RSS1 CONTRACTS cwtsAfl) Orm VWNM OpM Mwrtfc Mgli Low Sett (to—») hrtamt S97 136.50 1425 139.25 1550 D«97 V4175 1950 JM/Hir 98 147.75 5760 Apf/Jun 98 153.75 ***** JtfS* 9® 157.00 4800 VOi!" RSS 3 CONTRACT (US c«ti/k«) VotMM OpM1,591 words
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Article2284 1997-09-06 13 WjPB—— Msstriih Wi N«c» *h AB Parte 288 1.600 Abbey National 875.400 *2 Allied Demecq 475 3.400 ArnK 140.400 -5 Asde Group 145.400 -.600 BAT In* 530 *2 80 Pic 272 unch BtCC 161.400 -2 BOC Croup 1058 -5.400 BR Petfoteum 924.400 4.200 BTR _L£ 2T7.400 22,284 words
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Article1583 1997-09-06 13 AFP □Nikkei 225 +36J1 JAPANESE share prices closed slightly higher yesterday as high-technology leaders rebounded in late trading and profit-taking by institutional investors receded, brokers said. "The lack of clear upward momentum of international blue chips, which now account for about 40 per cent of the Nikkei Index, preventedAFP - 1,583 words
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Article, Illustration1492 1997-09-06 14 AFP H Hang Seng +364J8 HONGKONG share prices rose 2.6 per cent in cautious trading yesterday on selective bargain hunting of blue-chip stocks, dealers said. "Selective bargain hunting for oversold blue-chip stocks emerged after the previous day's losses," said a trader. "Basically, sentiment remains cautious." The Stock Exchange ofAFP - 1,492 words
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Article, Illustration622 1997-09-06 14 Reuter n Shenzhen B Index -ML34 THE Shenzhen B share market closed higher in light trade yesterday, with investors waiting on the sidelines for a clear direction from Hongkong. The B Index rose 0.34 point to 139.45 on turnover of HK$39 million. The A Index fell 0.83 point toReuter; Source: Credit Lyonnsis Securities(Asia) Ltd - 622 words
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Article383 1997-09-06 14 QWP Index +***** STOCKS staged a modest comeback yesterday as investment sentiment was boosted by positive comments on the prospects of the market by government officials. "Some investors returned on perception of the government's support of the local bourse following recent falls," said a trader. The TSE Weighted Price383 words
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Article244 1997-09-06 14 Reuter Q Wellington +LII SHARE prices ended steady yesterday on heavy turnover after retracing earlier modest gains. The NZSE-40 Capital Index rose just 1.61 points to 2,472.67 on turnover of NZ$232 million. Reuter u$ «f- rww AN2 B*nhmq It .32 0.07 2395 Htdgs 0.90 0.01 ***** A* ZNIM (A)Reuter - 244 words
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Article, Illustration815 1997-09-06 14 AFP HSETMg *18J> SHARE prices rose yesterday on bargain hunting as pressure mounted on parliament to adopt a new constitution designed to break a vicious cycle of vote-buying and corruption. Analysts said investors were speculating the draft constitution will be passed. The SET Index was up 18.19 points toAFP - 815 words
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Article410 1997-09-06 14 Reuter El Composite latei +12J3 SHARE prices closed higher yesterday on a rebound from recent steep falls with sentiment boosted by lower market interest rates and hopes for fresh incentives, dealers said. Adding to the momentum were ongoing expectations that the government will launch an economic stimulus package includingReuter - 410 words
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Article596 1997-09-06 14 AFP Q All ONaaria ♦17£ SHARE prices rose yesterday, with strong economic data and an influx of Asian investors lifting the bourse. "Asian investors are coming into our market, treating it as a safe haven from the volatile Asian markets," a broker said. The All Ordinaries Index rose 17.5AFP - 596 words
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Article, Illustration717 1997-09-06 14 AFP n Composite Infex -H&24 SHARE prices shot up 11.3 per cent yesterday in hectic trading that followed a government decision to lift restrictions on foreign share ownership of listed firms. Government moves on Thursday to lift the 49 per cent foreign ownership limit on listed companies and theAFP - 717 words
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Article325 1997-09-06 14 AFP Manila +3L54 SHARE prices rose yesterday in reaction to the cut in reserve requirements of local banks, allowing interest rates to go down. The PSE Composite Index rose 31.54 points to 2,109.22. Turnover was 2.2 billion shares worth 2.8 billion pesos. Philippine Long Distance Telephone fell five pesosAFP - 325 words
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KUALA LUMPUR STOCK MARKET
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Article8789 1997-09-06 15 ■MITill I C«Miwf prefects 1997 Lest Vel Day Mat Cap Hljli Law Company »ala 'OOP High Law P/I Smd '90 400 Aitnomoto 440 40 3 440 410 24.4 178.3 444 231 Angkasa 273 6 "8 279 264 8.1 402.9 909 370 ApoHo Food Hlg 492 4 81 900 492 14.38,789 words
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Article, Illustration531 1997-09-06 15 AFX-Asia U Composite InJei +90.47 SHARE prices closed sharply higher yesterday on the back of renewed investor confidence following the government's new stance and the KLSE's removal of trading restrictions. Dealers said the government has finally done the right thing to secure stabilityAFX-Asia - 531 words
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WARRANTS & OPTIONS
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Article3408 1997-09-06 16 MM* mm 1 VMtMTS m IW7 Last Vol Day Last Owtt *<1 HtfH LM SIM crnmm fOOOl M* La* 8»ror *o«or 68 30.5 m 3000 m AM08 c53%*****6 31 81 41-5 3160 *Ac#f WOW731USS 59 *5 84 62 56 57.5 59.5 131 43 3164 AcmaW0W724 50 *4 25 50 493,408 words
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180 1997-09-06 16 R Sivanithy - WARRANT WATCH By\ R Sivanithy THE startling bounce in Malaysia yesterday caught many by surprise, especially since the KLSE Composite Index shot up by about 12 per cent. Judging by the high volume levels and momentum, the gains should continue for180 words
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Article2255 1997-09-06 16 Cr Or 1991 Last Vol Day UrtQuata Ok W M DC* wm» L— S«n» CW»WY Ml *A COOP) Hm> U» 8nyar Sa6ar Cw W >«* "478 >47 ms5QOO AIS850C 166 438 187 160 186 187 53 4.9 0.7 422 1903 137 S4 ml 5001 AM0850C 665 *10.5 17862,255 words
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STOCK EXCHANGE OF SINGAPORE
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Article1760 1997-09-06 17 Z TURNOVER COOO) VALUf ('000) m» CM T HI MH CIO Total Industrial 9*433 134.282 230.715 283,888 164.024 447,912 Financt (9,606 62,m 81,717 165,595 T13.157 280,752 Hotels 3,181 4.001 7,t®2 5,580 4,149 9.730 Pf opart io$ 18,759 36,808 55.567 92.807 31.589 I24J97 Plantation 10,593 10.593 14,887 ***** Mining 1.357 1.3571,760 words
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Article5209 1997-09-06 17 Transaction Date: Sept 5 Gr Or M Wt 19 97 Last Vol Day Last Ouote Dt* Of* YW Mat Cay Avg High Low StNo Company Sala COOP) High Low Buyof Sellar C*»f H PIt SmM Price INDUSTRIALS 157 83 e 1020 ACE Dynamic s60c 85.5 -1.5 159 865,209 words
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Article1179 1997-09-06 17 Cr Cr M Wt •997 LmI Vat Day Last Owata Dlv Dtv Yld Nat Cap A«g Hfcfh Law StNa Company Sat# COOOI H*h Lm Buytr SaHar H Cvr P/l Smd Prtca SESOAQ *86 76 a 2000 ABRMtdflsSc 116 *9 1392 125 109 116 118 1.0 6 0 0.1 165.71,179 words
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Page 8 Advertisements
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Advertisement8 1997-09-06 8 Sime Darby profit seen up 25%, Pg 108 words
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Advertisement50 1997-09-06 8 Get Your Copy of THEBL^mp^riMES at: f| Cold Storage |B3| ESSZBjjEQ Q Mobil Mart \£SJ Select r=i (fqW) Tiger Mart Ib&I Also available: TheStraitsTlmes tk- BeritaHarian $llj|jj)<S(!Plßir Lianhc Zaobao Bl "5 s "^sasSE?" The Sunday Times Aliftggu HERWORID business ESES HOMESDECOR V'iZi Singapore Press Holdings Circulation Department, Newspaper Services Division50 words
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Page 9 Advertisements
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Advertisement20 1997-09-06 9 welUxperienced Foreign Professionals/Skilled available: IT Professionals Mech/Civil/Eledrical Engineers Accountants/Auditors Administrators Bankers Skilled Workers Above Resumes CV's are available on request20 words
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Advertisement907 1997-09-06 9 inn "i LJI-i huan hsin holdings ltd Proforma Half Year Financial Statement HaH-ywr financial statement on consolidated results tor the six months ended 30 June 1997. These figures have not been audited. Latest half yea to Previous corresponding period 30 An 1997 30 June 1996 SyOOO SSPOO increase/! aecreast Co907 words
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Page 10 Advertisements
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Advertisement297 1997-09-06 10 T T It's time for Honours The Business Times and DHL Worldwide Express invite you to nominate individuals j~ ~j and companies for the 1997 Singapore Business Awards. j HCI"C 21TC Illy Since 1985, the Singapore Business Awards have sought to give recognition to outstanding "I T"l Q f~l achievements297 words
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Page 11 Advertisements
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Advertisement88 1997-09-06 11 CHRISTIE'S GRANDS CRUS The most exclusive private wine cellar ever to appear at auction London, 18 and 19 September 1997 An extraordinary single collection featuring remarkable quantities of the world's finest, rarest and most sought-after wines. Estimated total value in excess of £5 million. Enquiries: Singapore, Irene Lee or Lily88 words
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Advertisement587 1997-09-06 11 ELECTRONIC RESOURCES LIMITED (Incorporated in the Republic of Singapore) Proforma Half Year Financial Statement And Dividend Announcement The Directors are pleased to announce the following results for the six months ended 30 June 1997. These figures have not been audited. 1. UNAUDITED RESULTS OF THE GROUP AND OF THE COMPANY587 words
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Page 14 Advertisements
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Advertisement53 1997-09-06 14 /we£^^ X. Classified. X 1 lt V 1 of the wide choice 1^ N BuyiM OT SelllM thftXltih chips./* |PM offered in the J i/ BU/iiw w Willi# unvwii X The Straits Times Classified is child's Piay. ,*V Call CATS. at 1800-737-1166.S I '>4reffi-if«i)f**'- xt 1,1 <iT tTP f Iff*-53 words
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Page 15 Advertisements
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Advertisement55 1997-09-06 15 VROOM t GIOOM If you're in the business of providing car care products and services, car accessories and other related services, advertise in Vroom Groom a special focus of The Straits Times Classified on 17 September, and reach out to car owners. d Pt Page Florence Long at 9202-4890 for55 words
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Page 16 Advertisements
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Advertisement57 1997-09-06 16 Find Out How You Can Get A Credit Line Of Up To $300,000* I on With Hong Leong Finance Singapore Finance's i Name: a_ j Tel: (H) .(0) HONG LEONG FINANCE (■CTfflwO) SINGAPORE FINANCE I **""J* "T ~on Leoai Klaancr Groap is I ProaoUom A DeveiopMat Defartaeal 470 North BrM*r57 words
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Page 17 Advertisements
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Advertisement10 1997-09-06 17 Put The Straits Times Classified to work for you today.10 words
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Advertisement31 1997-09-06 17 For Home or Office deliveries of: The Straits Times, The Sunday Times, The Business Times, LianHe Zaoßao. Berita Hanan. Berita Minggu, Shin Min Daily News, LianHe Wanßao call our Hotline 1800-749-2577.31 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration76 1997-09-06 18 Shiv Taneja - -by Shiv Taneja TAN CHONG MOTORS closed 17 cents higher yesterday to $1.52 on a volume qf 8.6 million units, compared with its lOday traded average of 774,600 shares. The daily and weekly RSI and stochastics are well below the 25 level, and the buy signal is supported76 words
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Article, Illustration678 1997-09-06 18 R Sivanithy - STOCK MARKET COMMENTARY Rise comes after KL's reversal on market, economic policies; question now is whether the M'sian rally can be sustained R Sivanithy [SINGAPORE] A massive rush of liquidity yesterday drove the Malaysian stock market up 12.4 per cent, givingChart info from Bridge - 678 words
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Article227 1997-09-06 18 Stocks Volume •Magnum Corp50c 22,404,000 •Berjaya Group 22,069,000 •MBf Capital >7,514,000 •Pub Bk Foreign 16,986,000 •Rekapacific Bfi 15,986,000 •Multi-Purpose 13,707,000 •RHB Cap Wt99 12,563,000 Asia FoodS Prop 10,689,000 *M Resources 10,278,000 •Tan Chong 50c 8,664,000 Stocks SIA Foreign 50,610,189 (JOB Foreign 47,409,270 DBS Foreign 38,956,867 •Magnum Corp50c 34,388,490 SPH Foreign227 words
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ON THE GRAPEVINE
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Article104 1997-09-06 18 SOMETIMES, the simplest company info is the hardest to find. An advertisement in BT on Wednesday called shareholders' attention to an upcoming AGM. But of which company? It did not say. A BT reader who sent us a clipping of the ad said he104 words
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Article96 1997-09-06 18 WE received an interesting fax from the Hong Leong group which went something like this: "This is to inform you that a report in the Times ofljondon of Sept 4 stated incorrectly MrKwekLeng Beng... had lost more than £4 million (559.6 mill ion) at Crockfords96 words
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Article84 1997-09-06 18 A BT journalist who tried routing a query to a corporate relations executive has this story to tell. First he had to give her the number of his direct line because, he was told, anyone could pass off his phone number as a BT number. When he gave her84 words
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Article94 1997-09-06 18 HERE'S some straight talking from regular Forbes columnist Martin Sosnoff on the subject of annual reports from American banks. "I discount all the 100-pagers True of Citicorp, Chase and Nationsßank. There is no organisation Obfuscation is the symbolism, not elucidation. They bombard you with minutiae but don't94 words
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Article115 1997-09-06 18 TALK in Taiwan is that both Neptune Orient Lines and its proposed takeover target APL are to retrench workers there. APL is said to be offering one month's pay plus 1.65 months for every year of service, but its 280 unionised workers are unhappy. They claim that APL,115 words
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Article63 1997-09-06 18 LOVERS of the environment, the company to invest in is Love the Earth Laboratory Corp. The Japanese firm "will never take any business opportunity which might give a worse effect on the Earth". "Love" was chosen as a slogan to encourage employees to be63 words
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Page 18 Advertisements
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Advertisement327 1997-09-06 18 BUSINESS Notices IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF DC MP PTE LTD I, »-> liwemoers vofcjrttary wtxang-up) At an Extraordinary General Meeting of the Members of DC MP PTE LTD duly convened and held at 15 McCallum Street #15-01, Natwest Centre, Singapore327 words
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Advertisement408 1997-09-06 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290<2x8) AND IN THE MATTER OE SOON TIMBER PRODUCTS PTE. LTD. (Members Voluntary Winding Up) Al an Extraordinary General Meeting of the abovenamed Company duly convened and held at 237 Sclegie Road. #05-283 Sclegie Complex. Singapore *****0 on408 words
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Advertisement266 1997-09-06 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND VEGE-DELI (S) PTE I.TD (In Members Voluntary Liquidation) Al an Extraordinary General Mcciing of the abovenamed company duly convened and held at 50 Jalan Sultan #21 -04 Jalan Sullan Centre Singapore *****4 on Ist day of September 1997 the following266 words
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Advertisement45 1997-09-06 18 r I *$8 f£& ™MB i s ;.L g -v- v JV%# r t ll buy o house g V It's easy. I'll just find it in The Straits Times Classified. Dad does it all the time. He has more houses than children now. cats.45 words
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Advertisement604 1997-09-06 18 THE STRAITS TIMES CLASSIFIED YOUR GUIDE TO MORE PRODUCTS SERVICES To advertise call toll-free 1800-*****83 CHEMICAL INDUSTRIES (FAR EAST) LIMITED. (Incorporated in Singapore) 52 JALAN BUROH, JURONGTOWN, SINGAPORE *****7.TEL: *****11 FAX: *****90 m is: im&t) m pes m m ANNOUNCEMENT OFFER FOR SALE BY OVERSEA-CHINESE BANKING CORPORATION LIMITED ("OCBC BANK")604 words
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EXECUTIVE Lifestyle
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Article, Illustration1716 1997-09-06 19 JAIME EE - Singapore is gaining worldwide recognition as a publishing hub, but the money isn't coming from selling local fiction. Why not? And what can be done to give Singaporean writers a better deal? These are questions worth pursuing, especially during Writers' Week, says jaime ee1,716 words
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STRAWS In The Wind
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Article120 1997-09-06 19 THK following conversation took place in the Botanic Gardens recently. Caucasian lady number one said: "Do you know that the other day. we saw this tortoise right in the middle of a busy road? The poor thing was so helpless with cars zooming round it. So I120 words
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Article77 1997-09-06 19 At Pasta Fresca one evening, three foreigners who looked like they could be Italians were overheard asking a waitress what an anchovy was. She tried to explain that it was a small, long fish that was dried and salted. The men didn't understand, so she went through several77 words
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Article56 1997-09-06 19 THE VOLATILITY of the local stock market is starting to hit the confidence of the man-in-the-street. A passenger who took a taxi to town recently found the cab driver bemoaning the state of his shares. "I just sit here," he said sadly, "never harm anybody, and minute56 words
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Article557 1997-09-06 21 SINGAPOREAN novelist Catherine Lim is a prime example of a writer whom publishers did not recognise as a potential goldmine until international publishers Orion bought the rights to her novel, The Bondmaid. As Dr Lim tells it, the Orion deal might never have hap pened if not557 words
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VIEWPOINT
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Article, Illustration2327 1997-09-06 20 VIKRAM KHANNA - John Polanyi has long been a passionate advocate of human rights, nuclear disarmament and collective security. The Nobel Prize he won in 1986, however,} was for chemistry. He talks to vzkram khamna about science policy and explains why scientists have a responsibility to speak outARTHUR LEE - 2,327 words
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Article689 1997-09-06 20 IN PUSHING for disarmament and for collective security arrangements, John Polanyi has taken some flak, but has brushed it off. "Some years ago, I was hicycling along to the university," he recalls, "and a colleague stopped me and said: 'Do you mind my telling you that you're689 words
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BOOKS
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Article, Illustration759 1997-09-06 21 TAN SU YEN - Raffles Hotel Styleis a slim book which speaks volumes, says tjjtsityhh TAN SU YEN IF YOU have ever stood in the lobby of Raffles Hotel and wondered what lies beyond a strategically placed sign that admonishes: "Residents only beyond this point", Raffles Hotel StyleALL PHOTOS FEATURED ON THIS PAGE REPRODUCED FROM THE BOOK 'RAFFLES HOTEL STYLE' - 759 words
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Article626 1997-09-06 22 Shahiron Sahari - CINEMA Put Mel Gibson and Julia Roberts in the same movie and what do yon get? Conspiracy Theory a promising thriller that ends up as a maudlin romance By Shahiron Sahari MEL GIBSON loves conspiracies in real life as much as he likes to act626 words
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Article, Illustration792 1997-09-06 22 Susan Tsang - CINEMA Greek mythology gets a bit scrambled in Disney's animated version of Hercules, bnt no one's complaining when the overall effect is so strong on fan By I Susan Tsang LIKE so many Hollywood productions, Walt Disney's Hercules rides roughshod over its subject matter, in this792 words
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Article, Illustration592 1997-09-06 23 A Surendren - NIGHTSPOT The Corner At 18 presents an interesting contrast to the other pnbs at Mohamed Saltan Road By. A Surendren SCENE. Paris in the '30s. The likes of Ernest Hemingway hanging out at his favourite bar, wagging his chin with a bunch of cronies and exchanging thoughtprovoking ideas.PHOTOS BY SIEW YAW HOONG - 592 words
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Article, Illustration353 1997-09-06 23 M Yasotha - Compiled by M Yasotha CONCERTS S'pore Symphony Orchestra The Springleaf New Asia Series An Evening With I.in Cho Liang Gala performance by the highlyacclaimed Taiwanese violinist and Grammy nominee Lin Cho Liang of Mozart's Violin Concerto No 4 in D, K2lB and Bartok's Violin Concerto No 2. Maestro353 words
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EPICURE
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Article631 1997-09-06 24 CORINNE KERK - Michel and Kinette Gautier hold court at Maxim's with some of the region's best food and wine, ww™ kerk checks out the menu CORINNE KERK IF YOU're not into ornate furniture and strong, rich colours, you might find the decor at Maxim's de Paris at631 words
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Article, Illustration355 1997-09-06 24 Jaime Ee - PROMOTION Conrad's resident chefs show off their winning styles By, Jaime Ee WHILE most hotels tend to engage foreign chefs for special food promotions, the Conrad Singapore is instead showcasing the cuisine of its three resident chefs. Starting Monday until Sep 28, the three chefs willCHRIS LOH - 355 words
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Article, Illustration734 1997-09-06 24 Tan Su Yen - BOOK REVIEW Mad About Food, In Hi* By Sytrfta Ton Timet BilhM 136 P9.518 Reviewed by 1 Tan Su Yen SYLVIA TAN loves to feed people. The joy that she clearly gets from having family and friends at her dining table is so infectious that peopleFILE PHOTO - 734 words
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Article, Illustration933 1997-09-06 24 N K Yong - WINE CONNOISSEUR With additional demand coming from the Far East, the good old days of reasonable opening prices for top Bordeaux are over By\ N K Yong WINE prices, particularly of top Bordeaux, seem to know no ceiling, although there has been a little softeningFILE PHOTO - 933 words
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Article, Illustration823 1997-09-06 25 Bean: The Ultimate Disaster Movie. Rowan Atkinson inflicts his most popular character on the world, as the walking accident stumbles out of TV to the big screen, where he is mistaken for an art expert by dumb Americans. Lido. Republic, Changi, Hougang, Jurong, Choa Chu Kang, Chinatown, Century, Yishun,823 words
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Article118 1997-09-06 25 OatkayOri Cathay 338-3400 Eastshore 346-1816 Picturohouse 338-3400 Yangtze 223-7529 ZtafVah KmproNS 777-5867 Jubilee 454-1640 Mandarin 292-9401 Marina MB-9719 Whitesands 585-1782 Bedok Bishan 353-8885 Boon Lay 792-2788 Broadway 454-9:i94 Majestic 633-0032 Marina 3!i7-9488 Pavilion 786-5788 Tampines 8 786-5788 Tiong Bahru 274-6588 Yishun 257-7848 OfgpgMovie dementi/ Cwealth 777-0669 Golden/New118 words
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TRAVEL
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Article, Illustration1360 1997-09-06 26 MARK GRAHAM - Nature in raw form is not always a pretty sight but it is undeniably awesome. mask orabam goes on safari in one of South Africa's private game reserves and witnesses a? scene of early morning carnage MARK GRAHAM LION KILL. They are the twoPHOTOS BY MARK GRAHAM FOR BT - 1,360 words
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Page 19 Advertisements
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Advertisement8 1997-09-06 19 |g§ jik >1 John WmA aflLofiL el 28 words
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Advertisement23 1997-09-06 19 Travel The killing fields of Sabi Sabi EL 8 maL. Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. 1800-*****6623 words
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Page 22 Advertisements
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Advertisement94 1997-09-06 22 TT ■■I K mafs good news to 1.2 million readers! I i TOMt^gffijgaßßgCompany listings are significant milestones and it -ssdsssr- I fclothe company's advantage to build ■^jHjtaMl ?i, i (acortlyroup profit aerors ta tipawareness of its corporate identrty, I goodwill and reputation before its I 188 Public Offering. feJ^rsrel Ma94 words
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Advertisement220 1997-09-06 22 CELEBRATING 6 YEARS OF A SECRET RECIPE a The infamous Long Jiang Mooncakes turn this year! To celebrate this auspicious occasion, Long Jiang Sichuan Restaurant presents the delicious mooncakes in custom-designed collectible tin boxes and paper bags. There is a choice of Teochew-style yam paste or white lotus paste wrapped220 words
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Page 23 Advertisements
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Advertisement52 1997-09-06 23 SOF looncakes turn this ?'cicus occasion, Long 'presents the delicious iea collectible tin boxes w-style yam paste or t layers of golden flaky ether preservatives nor (iividually fried daily to rr,ber, oriced between i i/16 September 1997. foprfmktm tea when you tonf than two boxeeci Mconcake*> •S? nbox2.singnet.com sg TED52 words
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Advertisement270 1997-09-06 23 Where to wine, dine and entertain... ~t lounges all over the mriT -3s*:: »»-*545 What better way to celebrate a great week than Sunday Brunch at The Caf«-in-The-ftrk? Knjoy the finest >runch and service at only $28' per adult (only $14* for the tick). Then toast your good fortune with270 words
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Advertisement203 1997-09-06 23 I K S It's a Celebration! Delight the kids with a treat this weekend. A HIGH TEA j Saturday, Sunday Public Holidays From 3.00pm 5.00pm n MAGIC SHOW ft// Kvery Sunday I.oopm 1.30pm 3.30pm 4.00pm For reservations, please call *****81ext468 Ail pricM subf«cl to 10% mtvic* cfcarge. cess and OST203 words
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Advertisement213 1997-09-06 23 Enjoy Western, dishes and Asian Lvdaauh, (^f e Vienna Open from 6am to lam, its popular buffets for lunch, high tea and dinner are among the bestlOYAI CROWNE PLAZA" SINQAPO*! Fvmtfif Mr HahJmj I mm Cmmmt PUa* ftr rnervmnow, plemu cmU 75/ 7932 25 Seven Rood. Support *****0 Trl (65)737213 words
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Advertisement173 1997-09-06 23 Otherwise for light'eaters, we have specially planned for you carefully selected combinations at a great value (applicable during lunch only): •Soup, salad cold appetizer S$ 12.50+++ •Soup spaghetti -SJl2.so+++ •Salad hot dishes -Ssls.oo+++ •Dessert Si coffee Sslo.oo+++ Promotion period 1 Aug-30 Sept. 1997 Call: 330 3585 or 330 3590 for173 words
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Advertisement71 1997-09-06 23 24-hour Coffee Houie t«t floor The Chicken Rice Capital Of The World 333 Orchard Road, Singapore *****7. Tel: 737 4411 |r|<s>^iai|*» Tastebuas are i blossominq ►The now Phoenix Garden Cafe is now open Right in the heart of Orchard Road Popular Buffet Lunch. High Tea and Dinner ►Two function rooms,71 words
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Page 25 Miscellaneous
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Miscellaneous2059 1997-09-06 25 TODAY'S TV iMNNNMMMNaNaMNNNMaMMM wMMMNMNBi Pumiiliinii 2.30 Urmel. RECOMMEHDED YIEWIWO trrwauma 'WliMi i 3.00 Caroline and Her 12.00 NN TV Innovations. Friends. n-nnHhIVP touched the world with her 100 !^,TS£7qi»^ TP T ur 1 A, 3 30 Lembah Fauna. UrOOflDye, charisma and kindness, 2.00 World Games Lahti 1997. I A Wi2,059 words
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