The Business Times, 1 November 1997

Microfilm: NL21049
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 023/12/96 SINGAPORE Internet.: http://www.asial.com.sg/biztimes WEEKEND EDITION, NOVEMBER 1-2,1997
    13 words
  • Article
    MARKET SUMMARY
    57 1 as. (+44.68) JMir-an U 737.72 (+19.26) IV STUUW U BOA (+15.09) wmvrmL U7«3JB( +15.24) wmimrn— Friday Cftaofe klsecomp mm >«ii NIKKEI IC.4S&94 +K« HANOSENO IMSl?8_+mJ8 SCTW08X 447JS1 ♦111 JAKARTA COUP —ASMS -1« MANILA OOMP *4J8 TAIPEI WPI jM SEOUL OOMP 47»7» li» CL8ACWIAB_I.181.77 -LIS AU8T ALLOKD l*L8 +*7
    57 words
  • Article
    FINANCE
    66 1 USI 81 USS LW S 1.669 IMS M MM MM YEN l«_ Mil LSli m u* t.4cs HKS ft» UN BAHT 9.024 MM KUFIAHIM MB MM ROB Bins SINGAPORE* M4 KUALA LUMPUR. MO JAKARTA l&M BANGKOK il» MANILA lll» HONGKONG A7* TAIPEI Ml SYDNEY Ml TOKYO KM SEOUL 1171
    66 words
  • Article, Illustration
    Lock icon IMF announces US$23 billion first-line aid for Indonesia
    976 1  -  Supplementary contributions to be aniumnrftJj US gives USs3b From. Leon Hadar, S N Vasuki INDONESIA will receive US$23 billion (5536.6 billion) in a three-year "first line of financing" from the International Monetary Fund (IMF) and other multilateral and bilateral sources, IMF managing
    REUTERS  -  976 words
  • Article
    US economy grew 3.5% in Q3
    442 1 Consumers help fuel growth; inflation at its lowest rate since 1964 [WASHINGTON] The US economy accelerated in the third quarter, led by stronger consumer spending and the largest gain in business investment in more than a decade, government figures showed. Inflation, meantime, slowed to
    442 words
  • Article, Illustration
    Lock icon Shrinking KL bourse now not that much bigger than SES
    502 1  -  Its market cup stands at USsl4ob versus SES'USSIIOb From. Eddie Toh in Kuala Lumpur THE Malaysian bourse, which grew by leaps and bounds after its separation from the Singapore stockmarket seven years ago, is now only slightly bigger in terms
    Compiled by BT  -  502 words
  • Article
    Lock icon Dow up 30.5 points at midday
    80 1 Bloomberg [NEW YORK) US stocks opened strongly yesterday but the momentum was not sustained. Investors, skittish from this- week's record swings, sold shares rather than risk holding them over the weekend. At 12 noon EST the Dow Jones Industrial Average was up 30.45 points
    Bloomberg  -  80 words
  • Article
    Gajah Tunggal chief kidnapped in September
    410 1  -  Released after part payment of US$4L2m ransom; police nab 8 From S N Vasuki in Jakarta INDONESIAN police have confirmed rumours that the chairman of the giant Gajah Tunggal Group, Sjamsul Nursalim, was kidnapped in September and released after paying a portion of the
    410 words
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      Page 1 Advertisements Column 1
      88 1 (targe Svh Financial markets are inherently unstable and they do not work in the way orthodox economic theory claims, says George 3oros,P|f3 lUuhMp Thai foreign reserves swelled to US|3o.7b following an infUsion of aid by the International Monetary Fund, Ff CWygMymr ff tin flemtwd competition among supermarkets -keeps up, we
      88 words
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      Page 1 Advertisements Column 2
      8 1 Stock falls may dampen US growth, Pg 7
      8 words
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      Page 1 Advertisements Column 3
      256 1 SAP paints brighter picture of HK, Pg 2 Market* in Turmoil, Pg 2 «>■ rv> '■■*-*^^B^^HBKMik^^BBBBBBMMB^BBB£3F3WiwBii^^MIMP!^3BBBBP^^Nr The Hermes Sellier watch repreients the elegance of equestrianism. The bezel is decorated with a saddle-stitch design in relief, and a genuine saddle stud enhances the centre of the dial. The Sellier model is
      256 words
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  • MARKETS IN TURMOIL
    • Article, Illustration
      Lock icon HKMA now a net buyer of US$ after moves to defend HK$
      527 2  -  It made money from exercise, says central rates will soon ease From Loh Hui Yin in Hongkong HONGKONG Monetary Authority (HKMA) chief executive Joseph Yam yesterday put a brave face on its stout defence of the Hongkong dollar
      AFP  -  527 words
    • Article
      S&P paints brighter picture of HK
      659 2  -  Agency reaffirms stable rating on long-term outlook From* Quak Hiang Whai in Hongkong CREDIT-rating agency Standard Poor's yesterday painted a more positive picture of Hongkong's long-term outlook by reaffirming its rating as "stable", a day after rival agency Moody's Investors Service downgraded its outlook
      659 words
    • Article
      Lock icon Stocks continue to tumble in Brazil and Argentina
      571 2 Analysts say Brazil spent USsBb propping np its currency Reuters [SAO PAULO] Brazil was hit by more market turbulence yesterday, one day after the Central Bank doubled interest rates to combat international currency speculators scenting their next prey in Latin America's biggest
      Reuters  -  571 words
    • Article
      Lock icon Stable yuan seen hurting China's exports
      301 2 Bloomberg [BEIJING] As currencies slid throughout Asia this year, taking stock markets with them, one has held rock-solid: China's yuan. China's splendid isolation isn't likely to last, though. Exporters will face slowing growth in overseas markets and increased competition from rivals whose products have
      Bloomberg  -  301 words
    • Article
      Soros fund said to have lost US$2b in Monday's collapse
      526 2  -  Yet the USsl9b firm that includes Quantum is up 18% this year From Neil Behrmann in London MEGA-SPECULATOR George Soros' Soros Fund Management lost US$2 billion (553.16 billion) during Monday's global stockmarket collapse, according to newspapers here. The loss, which
      526 words
    • Article, Illustration
      Lock icon Regional markets rally after early fall
      286 2  -  By\ R Sivanithy [SINGAPORE] Regional stock markets traced a broadly similar pattern yesterday, with initial weakness in response to Wall Street's 125-point drop overnight giving way to a decent rally. Early trading was marked by the Hang Seng Index yesterday plunging 450 points to
      Source: Bloomberg  -  286 words
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  • GEORGE SOROS IN FOCUS
    • Article, Illustration
      Lock icon Soros—beyond chaos and dogma
      1742 3 Soros —beyond chaos and dogma The man who moves markets talks about the need for a global policy to regulate the world economy New Statesman International financier George Soros, the man who moves markets, says his financial involvements and decisions have been guided by a notion he calls "reflexivity". In
      New Statesman; FILE PHOTO  -  1,742 words
    • Article
      Corrections and Clarifications
      46 3 AS result of an editing error, our report yesterday, headlined "Soros gave warning of global market chaos", erred in saying that the interview with George Soros was held in May last year. It was held this May. We are sorry for the error.
      46 words
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      Page 3 Advertisements Column 1
      133 3 IBMptfDF I -»aill£2Ji, Hi »< ISAk2 It B JI I 74§2577 </> WITH A DIFFERENCE We octually measured our rooms q and discovered that ours ore q probably one of the most spocious you'll To moke it on even better offer, we compliment it with: Welcome Drink Coffee/Tea making facilities
      133 words
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      Page 3 Advertisements Column 2
      10 3 xJK# cIRQUnD THB tfORLD.** IT FOLLOWED THEH Htlflfi. clhoNtm KIDMAN
      10 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        Lock icon BT Sentiment Index
        569 4 Cycle A Carriage ♦(Bay) BZWPacific Union, $6.60, Oct 29 Jardine Strategic is a stone's throw away from making ageneral offer for a controlling interest in Cycle Carriage Ltd (CCL). Any takeover offer made by Jardines (which i9*viewed as a positive strategic move) must be above the $7.58
        Figures denote number of respondents  -  569 words
      • Article, Illustration
        In My Opinion
        504 4  -  Desmond Lee Portfolio Manager PlraintU Portfolio Singapore am HE Indonesian econI omy has caught baht JL flu. The current economic worries were brought about by the de facto devaluation of the Indonesian rupiah, which started its free fall in late July. Until then, no one thought the
        504 words
    • Article, Illustration
      Lock icon Electronics: No quick gains
      971 4  -  Park your savings in electronics stocks if you believe in the sector's future, but don't expect to make a fast buck By] Louis Beckerling [SINGAPORE] THE mid-week "bounce" by Singapore shares after Tuesday's nerve-wracking 7.$ per cent fall recorded by the main market index was followed
      Source: Bloomberg  -  971 words
    • Article, Illustration
      Lock icon Crunch time on JSE as funds flee uncertainty
      615 4  -  EYE OM THE REGION: INDONESIA Flattened rtqriah environment favours companies with firm export base, low debt Bg I S N Vasuki [JAKARTA] It's crunch timein Indonesia. So long <as uncertainty remains over the implementation of a package of economic reform measures thrashed
      FILE PHOTO  -  615 words
    • Article, Illustration
      Lock icon Got $200,000? You could be a priority banking customer
      551 4  -  By\ Shiv Taneja (SINGAPORE] You may not be well-heeled enough to qualify for your own private banking account, but with liquid assets of $200,000 and more, you can expect some pretty serious schmoozing from your banker and here's the bonus: they
      ARTHUR LEE  -  551 words
    • Article
      Tips on overseas property loan
      612 4  -  There is a wide range of financing options with varying features By Tan Tok Lan The writer is senior vice-president, international banking, at DBS Bank. [SINGAPORE] Overseas property financing options are becoming increasingly sophisticated, mainly to suit the different needs of investors. While the range
      612 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      S'pore's US$5b venture capital market overtakes South Korea's
      457 5  -  Corporations, GLCs main capital sources; 27% of capital raised invested locally By: Frances Lui THE business of venture capital has grown tremendously in Singapore, so much so the Republic has overtaken South Korea in the Asian rankings of top private equity markets.
      457 words
    • Article, Illustration
      Lock icon 500 people vying for chance to play in golf marathon
      304 5 But only 144 will gpt a crack at the grafting 54-hole event AN overwhelming 500 people are jostling for the chance to r take part in a gruelling 54-hole i»*. ii golf marathon to be played over 18 hours. But
      FILEPHOTO  -  304 words
    • Article
      Global chemical groups in $30m joint venture
      327 5  -  Santoku, Mitsui, Merck building hydrogen factory By Annette Pau THREE global chemical groups have tied up to invest $30 million to build a factory in Tuas producing ultra-high quality hydrogen for purifying silicon wafers. They are Japanese specialty chemical makers Santoku Chemleal Industries
      327 words
    • Article
      Power tariffs raised
      77 5 ELECTRICITY tariffs will be raised by 0.43 cent per kilowatt hour for the quarter starting today because of higher fuel prices, Singapore Power said yesterday. For the general tariff category, all units will now be charged at 15.07 cents per kwh. For the high tension category, peak
      77 words
    • Article
      C&C confident about Merc A despite test drive flipover
      341 5  -  Bat analysts nnsnre how controversy will affect it By i Christopher Tan CYCLE Carriage is confident the Mercedes-Benz Aciass will do well in Singapore, despite reports that one flipped over during a test drive in Sweden. "My confidence is not shaken,"
      341 words
  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1761 5 CITY RIGHT ETA FLIGHT ETC AMaMt Of81 1930 Qf82 2050 JJJ JJJJ 50,76 30 $0229 2220 50,75 1910 VH740 MX) Aaotartfaai *1843 0550 S0346 2330 "J" J» 0735 0125 0700 KL838 2335 7 1540 TG408 1645 I S025 0700 Hiroshima S0977 1720 S0978 0M5 I >1837
    1,761 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      38 5 1 I'm cm electrician. The Straits Times Classified brightens my business. CATS. 1800-737-1166 Call Today For Results Tomorrow. Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. t Another Classified Service
      38 words
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      12 5 THE STRAITS TIMES CLASSIFIED 4§& YOUR GUIDE TO MORE PRODUCTS SERVICES [JgJ
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  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      327 5 THE WEATHER Singapore: Slight to moderate smoke haze. Temperature (32-24) AaU-Paotßc Hi/Lo* Cood. Europe Hi/La* Good. Amerk* Hl/Lo* Coo 4 \trkbnd IMS Cloudy AmsUrd*! 111)6 (loudy Buenos Aim 44/ li (loudy Banrfuik Tstaw Alms IM9 K Sl m BtSg- litn (V»d> Bfi*i lotn (loud>■ £■■> Bnmhav tVfl Cloud* Bom Ift
      327 words
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  • REGION
    • Article
      Thailand's foreign reserves swell to US$30.7b: BOT
      599 6  -  BANGKOK Figure cited is after infnsionoflMFaid; analysts warn of swap deal danger By Harish Mehta THAILAND said yesterday that its foreign reserves swelled to US$3O.7 billion (5548.5 billion) on Oct 15 after an infusion of aid by the International Monetary Fund (IMF), but
      599 words
    • Article
      Lock icon All S-EA states may open up financial sector: WTO
      438 6 KUALA LUMPUR Ruggiero expects fresh offers before the Nov 12 deadline Bloomberg ALL the countries in Southeast Asia are likely to make offers to open their financial services industry in the next two weeks, said Renato Ruggiero, director-general of the World
      Bloomberg  -  438 words
    • Article
      Lock icon Vehicle sales plunge may cost 30,000 Thais their jobs
      305 6 ■^BANGKOK Car sale figures expected to fall some 33% next year AFP JUJOUT 30,000 Thai car workers could lose their jobs as ve- fcicle sales plummet next year, •rjftnid the country's worst economic slump since World War -*n, reports said yesterday.
      AFP  -  305 words
    • Article
      Lock icon Japanese economy extremely unstable, trade minister warns
      433 6 TOKYO voice like concerns as so-called recovery slows AFP JAPAN'S trade minister said yesterday that the world's sec-ond-biggest economy was becoming "extremely unstable" as analysts warned that uncertainty over its future was <) steadily growing. "The situation is becoming 'extremely unstable," Interna- tional
      AFP  -  433 words
    • Article, Illustration
      Lock icon Tokyo's ready for Christmas
      75 6 JTOK YOl Young Japanese coupUs yesterday walking past a big illuminated Santa Claus in front of the Takashimaya Department Store in Shinjuku in central Tokyo. Although Christmas is almost two months away and the country is predominantly Buddhist, Takashimaya has begun decking the store with yuletide
      AFP  -  75 words
    • Article
      US to lift finance curbs on Viet projects soon
      348 6 HANOI THE US will soon waive restrictions that have kept US companies in Vietnam from competing for billions of dollars of infrastructure and communications projects, US officials said. They said a decision is "imminent" to remove Vietnam from a list of
      348 words
    • Article
      Lock icon Japan, Asean meeting on Dec 1-2 to discuss regional fund
      292 6 TOKYO Bloomberg FINANCE ministers of Japan and Asean will meet on Dec in Kuala Lumpur to discuss 3 fund to stabilise the region's currencies, said Philippine Secretary of Finance Roberta de Ocampo. m^r The meeting comes as a* loss of
      Bloomberg  -  292 words
    • Article, Illustration
      Lock icon S Korea's ruling party in deeper disarray after 15 members defect
      354 6 SEOUL AFP SOUTH Korea's ruling New Korea Party (NKP) sank deeper into disarray yesterday as f-115 members defected and the opposition's Kim Dae Jung gained ground seven weeks before presidential elections. Three key lawmakers and 12 party officials quit
      AFP  -  354 words
    • Article
      Lock icon Aussie tourism braces for Asia downturn
      402 6 MELBOURNE Thai tourist numbers fell by half in past two months Reuters ASIA'S currency crisis has begun to bite into Australia's Asl6 billion (5517.8 billion) foreign tourism industry, with figures showing the number of Thai tourists dropping by half in the past two months.
      Reuters  -  402 words
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  • REGION/WORLD
    • Article, Illustration
      Jiang faces flak on Capitol Hill over human rights
      513 7  -  WASHINGTON Bat he wins praise from Corporate America for deals signed during his visit By] Leon Hadar CHINESE President Jiang Zemin received a cold reception on Capitol Hill where he argued with US lawmakers over human rights but won praise from
      513 words
    • Article
      Lock icon Net inflows in US equity funds surged to US$26b in Sept
      455 7 NEW YORK Numbers suggest there's strength in retail investors FT PRIVATE investors' money continued to pour into US equity mutual funds at almost record rates in September, latest figures show. The figures appeared to add strength to the widespread
      FT  -  455 words
    • Article
      Lock icon US banking reform moves ahead but time running out
      303 7 WASHINGTON Reuters EFFORTS to overhaul antiquated US banking laws took a major step forward on Thursday, as the House Commerce Committee approved comprehensive reform legislation. But with Congress expected to adjourn for the year in a few weeks, lawmakers have little
      Reuters  -  303 words
    • Article
      Lock icon Swiss francs 100m for Holocaust fund
      535 7 BERNE Bank* also urged to fight against money laundering Reuters SWITZERLAND'S central tank said yesterday its bank council had approved paying 100 million Swiss francs (*****.S million) into a memorial fund for needy Holocaust survivors and their families. The money will be paid into
      Reuters  -  535 words
    • Article
      Russian-Japan ties seen thawing with Yeltsin-Hashimoto talks
      368 7  -  BTOKYO By t Anthony Rowley A THAW in long-frozen economic relations between Japan and Russia is expected to begin this weekend in the Siberian town of Krasnoyarsk, where Japanese Prime Minister Ryutaro Hashimoto is due to meet Russian President Boris Yeltsin. The two
      368 words
    • Article
      Lock icon Stock fall seen slowing US a little
      457 7 WASHINGTON But Fed's Riviin says it won't change overall picture much Reuters LOWER US equity prices will have a small restraining effect on the economy but are unlikely to change the overall picture drastically, Federal Reserve vice-chairwoman Alice Riviin said on Thursday. "The
      Reuters  -  457 words
    • Article, Illustration
      Lock icon 'allo, Halloween
      75 7 (FRANCE] Seven-year-old Nicolas Ramos, togged out as a wizard with a pointy hat, on Thursday walking among 8,*****-tonne pumpkins, strewn over the Trocadero gardens at the base of Paris' Eiffel Tower. The pumpkins are part of France Telecom's launch of its Ola mobile phone and coincided with Halloween.
      REUTERS  -  75 words
    • Article
      Lock icon Iraq firmly against Americans in UN teams
      256 7 BAGHDAD Reuters IRAQ stood firm yesterday against calls to drop its ban on Americans taking part in UN arms inspection teams while Russia said it strongly opposed military action against the oil-rich Arab state. "We are against any use of force against Iraq,"
      Reuters  -  256 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      65 7 POOHESBURY By Garry Trudeau U— 600P MORNING! ON BY YOUR.I&MZ, LSTS S7APT~CANYOU PFCPTHe g-JJI TmZVBOFTHGZtsr mHTH£ UTTI£ STUFF. TAKE f&fALIMB?YOUR f lONTIJPV.IimCCMe. TH& RCWiSfC&.'FORINSIANCB. HWNeSS? CANXXJ MZ, J THE CHANCE TO HOP tSNTtT VM& TO STOPRZF&Z- SAY,%M£,AUN£"? kHN£. ILL \OUAKV!) RJNG TO YOURS&IVBS IN TH& "I I* MOPBRNA&, HAVING THEN
      65 words
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  • COMPANIES & MARKETS
    • Article
      Creative to make offer for Cambridge SoundWorks
      360 8  -  ft has entered into definitive agreement t* bid for US firm at US$lO.6B per share Jennifer Lien [SINGAPORE] Creative Technology yesterday said it had "entered into a definitive agreement" to acquire American speaker maker Cambridge Sound Works. It plans to make a tender
      360 words
    • Article
      Lock icon Tech stocks make firm recovery in S'pore led by Elec & Eltek
      472 8 Tech stocks make firm recovery in S'pore led by Elec Eltek Expected rise in chip orders offsets fears of filing Mien in US Bloomberg [SINGAPORE! Technology Shares on the stock market Yesterday made a firm recovery, led higher by Elec Eltek International, as expected growth in semiconductor orders offset concern
      Bloomberg  -  472 words
    • Article
      Low Keng Huat trims interim loss to $1.7m
      156 8 [SINGAPORE] Construction company Low Keng Huat has cut its net losses for the halfyear ended July 31 to $1.7 million from $2.4 million in the same period last year. But turnover more than doubled to $73.3 miUion from a year ago. due
      156 words
    • Article
      Privatising public assets may help refloat market
      810 8  -  HOCK LOCK SIEW Louis Beckerling ARE it be said? v> The storm has abated and around the region the salvaging of wrecked financial markets is underway. In Singapore, accelerating a programme of privatising public assets may be one way to help refloat the
      810 words
    • Article
      Lock icon Summit stocks climb after High Court decision
      290 8 Dealers see throwing oat of civil case as important victory AFX-ASIA [SINGAPORE] SM Summit Holdings Ltd shares were higher following a favourable court decision over allegations of software piracy against the company, dealers said. At 11.50 am, SM Summit shares were up 4
      AFX-ASIA  -  290 words
    • Article, Illustration
      Tan Mong Seng leaves SembCorp board
      100 8 [SINGAPORE] Sembawang Corporation said yesterday that Tan Mong Seng is stepping down as a director of the board as well as a member of the audit committee with effect from today. The company said the move was "to make way for more independent directors
      100 words
    • Article
      Stamford Tyres net profit down 15% on difficulties in China
      268 8  -  By< Conrad Raj [SINGAPORE] Stamford Tyres said yesterday that difficulties in the China market led to group net profit falling 15 per cent to $1.63 million for the year ended April 30. Group turnover, however, rose nearly 17 per cent
      268 words
    • COMPANY Briefs
      • Article, Illustration
        Lock icon Shangri-La warrant holders hit
        98 8 [SINGAPORE] The market downturn has been a costly one for many warrant holders. Among them were owners of Shangri-La Hotel's 1997 warrants. The company said a total of 23.6 million units remain unexercised when they expired yesterday. The warrants were issued five years ago in conjunction
        Source: Bloomberg  -  98 words
      • Article
        Douglas Ooi quits as Kim Eng director
        80 8 [SINGAPORE] Kim Eng Holdings said Douglas Russell Ooi Thean Seng, who has been with the Kim Eng Group for over 20 years, will resign as a director of Kim Eng Holdings and as managing director of Kim Eng Securities Pte Ltd with effect
        80 words
      • Article
        SingTel cuts frame relay service rates
        82 8 [SINGAPORE] Singapore Telecom has cut the rates fbr its frame relay service by up to 40 per cent on port charges and 14 per cent on permanent virtual circuits, with effect from today. Frame relay is a service which provides test and cost-effective interconnection
        82 words
      • Article
        Roly Int'l buys 70% stake in US firm
        66 8 [SINGAPORE] Roly International said it acquired a7O per cent interest in The Vision Group International Corp on Oct 15. Wholly-owned subsidiary Grand Metropolis Ltd paid US$2OO,OOO (*****,300) for the 560 shares in VGI which is a US-incorporated company principally engaged in the
        66 words
      • Article
        NatSteel Resorts ups Tropical stake
        70 8 [SINGAPORE] Nat Steel Ltd said its subsidiary, Nat Steel Resorts (HK) Ltd, has acquired a further 11 per cent at Tropical Resorts Ltd for $6.72 million, thereby increasing its shareholding to 30 per cent. This makes Tropical Resorts an associated company. Hongkong-incorporated Tropical Resorts is
        70 words
      • Article
        RDC is now Sembawang Resources
        28 8 [SINGAPORE] Resources Development Corporation Ltd has changed its name to Sembawang Resources Ltd. The name change was approved by shareholders on Oct 22.
        28 words
      • Article
        Sime S'pore incorporates two firms
        99 8 [SINGAPORE] Slme Singapore hat Incorporated Sime Darby Manufacturing on Sept 17 upon receipt of its investment licence from the Vietnam Singapore Investment Park Management Board. The wholly-owned subsidiary will have a total invested capital of US$4 million (516.3 million) and a legal capital of U532.8
        99 words
      • Article
        Lock icon Proton earnings to stay strong
        74 8 Bernama [KUALA LUMPUR] Despite the competitive environment i and austerity measures announced in the 1908 budget, < Proton's earnings for next year and 1999 should stay fhirly strong because of sustainable demand and lower operational costs. However, they are not expected to match the results
        Bernama  -  74 words
      • Article
        Lock icon Siam Commercial to issue new shares
        75 8 Reuters [BANGKOK] Siam Commercial Bank pk said yesterday It planned to raise its registered capital by 6 billion baht (***** million) through the offer of6oo million new shares. The issue will raise its registered capital to 10 billion baht from its current 6 billion.
        Reuters  -  75 words
    • COMPANIES
      • Article
        Lock icon Sino Land to drop HK$11m writ: Yaohan HK
        339 9 Talks on, says YHK director; writ alleged rental, related charges not paid SCMP [HONGKONGJ Property developer Sino Land has agreed to withdraw a writ against retailer Yaohan Hongkong Corp (YHK} for allegedly failing to pay HK111.05 million (552.3 million) in rental and
        SCMP  -  339 words
      • Article
        Lock icon Ringgit's dive will dim Tenaga profit
        510 9 Utility seen to post 97% plunge in '97 net profit to RM26m Bloomberg [KUALA LUMPURI As Malaysia's currency skidded against the US dollar this year, analysts went scrambling to spreadsheets and calculators to figure out the damage to corporate earnings. For Tenaga Nasional Bhd.
        Bloomberg  -  510 words
      • Article
        Lock icon Britain's TBI sells Dundee shopping centre for £39m
        216 9 Sale proceeds to be used for investing and managing property Bloomberg [LONDON] TBI pic, a UK property development and investment company, said it sold its shopping centre in Dundee, Scotland, for £39.4 million (SIIO4 million) in cash to Lendlease pic. The sale
        Bloomberg  -  216 words
      • Article
        Lock icon British Telecom posts lower-than-expected Q2 loss of £32m
        406 9 Bloomberg [LONDON] British Telecommunications pic posted a second quarter net loss that was smaller than analysts expected, as growth in its business combined with a swathe of one-time charges, including a government tax. BT said it lost £32 million (5584.5 million), or
        Bloomberg  -  406 words
      • Article
        Lock icon Microsoft stock options would have caused US$60m loss
        271 9 Bloomberg [WASHINGTON] Microsoft Corp would have reported a first-quarter loss of US$6O million (5594.9 million) if the software giant deducted costs tied to employee stock options from earnings. The loss estimate, included in a quarterly report filed with the Securities and Exchange
        Bloomberg  -  271 words
      • Article
        Lock icon Indon securities firm to launch IPO
        148 9 Bloomberg [JAKARTA] PT Bhakti Investama, a securities firm partowned by two daughters of Indonesia's President Suharto, hopes to raise 86 billion rupiah (5538.8 million) with an initial public offering this month. The company said in a prospectus it would sell 123 million new shares
        Bloomberg  -  148 words
      • Article, Illustration
        Lock icon Eighth Warner of the world
        55 9 [TOKYO] A larger-than-life Bugs Bunny on the ceiling appearing to welcome guests on Thursday to the Warner Brothers Studio in Ginza, Tokyo. The store, selling products tied to movies and cartoon characters produced by the studio, is Warner Brothers'eighth retail outlet in the world. The
        AFP  -  55 words
      • Article, Illustration
        Lock icon JAL profit zooms to 21.5b yen on cost cuts
        439 9 Bloomberg [TOKYO] Japan Airlines Co, the world's fifth-largest airline, said current, or pre-tax, profit for the half year ended Sept 30 rose 322 per cent to 21.5 billion yen (*****.5 million). Earnings per share were 11.3 yen. That was far above
        Bloomberg; AFP  -  439 words
      • Article
        Lock icon Siemens to sell defence interests to BAe, Dasa for 1.2b marks
        435 9 FT [LONDON] Siemens is selling its defence electronics arm to British Aerospace (BAe) and Daimler-Benz Aerospace (Dasa) in a move which will strengthen both buyers as they jockey for position in the rapidly consolidating European armaments industry. BAe is
        FT  -  435 words
      • Article
        Lock icon Shipbuilding, machinery woes reduce Hitachi Zosen profit 85%;
        310 9 AFP [TOKYO] Japan s Hitachi Zosen said yesterday tough shipbuilding and machinery markets led parent company net profit to tumble 84.8 per cent to 783 million yen (5510.3 million) in the six months to September. Sales fell 8.8 per cent to 143.4
        AFP  -  310 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Chase, BankAm each have US$10b exposure to Asia
        314 10 Bvt hanks unlikely to lose alias Asia's not about to molt away, says analyst Bloomberg [NEW YORK] Chase Manhattan Corp and Bank America Corp have about US$lO billion (5515.8 billion) of exposure each to Asian countries, said Raphael Soifer, a bank analyst
        Bloomberg  -  314 words
      • Article
        Lock icon Sanyo Securities gets grace on loans
        385 10 Deadline extended on 20b yen subordinated loans report Bloomberg [TOKYO] Sanyo Securities Co managed to ward off the possibility of a closure as nine life insurers agreed to extend the repayment deadline on 20 billion yen (***** million) in subordinated loans, the Nihon Keizai
        Bloomberg  -  385 words
      • Article, Illustration
        Lock icon Greenback in free fall?
        390 10 The US|/mark tooled dive this week, touching low of 1.7085 by Tuesday. The unit then settled in a radge of 1.7113 to 1.7484 for the foQdsWing two days and was trasjng around the 1.7170 level yesterday morning. The technical view is bearish, with critical support seen
        Source:  -  390 words
      • Article
        Taiwan index futures trading on ATS
        213 10  -  Byl Soh Tiang Keng [SINGAPORE] Trading on MSCI Taiwan index futures on the Singapore International Monetary Exchange will be extended from the floor pits to the computer screen from Nov 10, Simex said yesterday. The Taiwan index futures contracts will be listed for after-hours
        213 words
      • Article
        Lock icon Warren Buffett's August bet on bonds pays off
        295 10 Bloomberg [NEW YORK] Warren Buffett, one of the sawiest investors in the stock *market, is now showing he's no slouch when it comes to bonds, either. Mr Buffett's Berkshire Hathaway bought some US$lO billion (5115.8 billion) face amount of zero-coupon Treasury bonds
        Bloomberg  -  295 words
      • Article
        Lock icon Dresdner Bank's operating profit up 42% in Q3
        227 10 Bloomberg [FRANKFURT] Dresdner Bank AG, Germany's secondlargest bank, said third-quar-ter operating profit rose 42 per cent as booming stock markets boosted securities trading income. Operating profit, which is before taxes and after risk provisions. rose to 674 million Deutschemarks (Ss6l3 million) from
        Bloomberg  -  227 words
      • Article
        Lock icon Euro$ off highs on stock gains
        224 10 SSMEXReport Reuters [SINGAPORE] Simex Eurodollar futures pared their gains yesterday as stock markets bounced back from an early fall. Dealers said the market was continuing its two-step with activity in equity markets as investors switched funds between the two. "Eurodollars are just reacting to
        Reuters  -  224 words
      • Article
        Lock icon Oil edges up as traders watch UN-Iraq row
        292 10 ENERGY REPORT Reuters [LONDON) Oil prices tiptoed higher yesterday as traders braced for further developments in a row between Iraq and the United Nations. Brent blend crude was trading four cents higher at U5520.14 here. Traders were waiting for the next step
        Reuters  -  292 words
      • Article
        Lock icon CURRENCY REPORT
        163 10 Reuters London THE US dollar was drifting against the mark after getting a brief leg-up fro/n dovish comments made by Bundesbank council member KlaasDieter Kuehbacher. The market's attention, however, was again firmly fixed on how the US stock market performed after the SAP 500 futures and Asian markets
        Reuters  -  163 words
      • Article, Illustration
        Untitled
        347 10 prra 5? nf* 1 fc* l W—■■ t.ay.n liTB Oct s i 1 m a* »lg" -'HMft <Vl IVI, Z-watk 41/2 S|« OVMSMMtfr4 4W 5W sa ■< r*n si/2 syt t Malta SV2 5 VI 2 M«tta IW 5 J/4 1 Malta 5 VI IV4 tamta S2V32 5 25/32 9Malta
        347 words
    • Article
      COMMODITY PRICES
      1785 11 S1C0M FUTURES Oct 31 RM8CR Mm dosfe? at S.30pm) RSS1 CONTRACTS centsAq) Ck»# Volume Open Month Hiqb Low Sett (tonnes) Interest NO* 97 134.00 50 Dec 97 135.50 950 Jan 98 137.50 1720 F«b 96 M0.50 »70 Mar 98 143.50 4870 Apr/Jun 98 149.50 ***** JUt/Sep 98 154.25
      1,785 words
    • Article
      WORLD STOCK MARKETS
      2292 11 LONDON Industrials *ct 31 fm> 31 Croup 460 -19 AB Ports 284 *4 Akfrry National 949.400 19.400 AIM Oomecq 486.400 -.600 Amec 143.400 -1 AsM Croup 155.400 400 •AT In4' 520 uneh ■CP1C 259 *3 •ICC 144.400 -.600 BOC Group 1008 *11 8ft Petroleum 875.400 10 ■T*
      2,292 words
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      Lock icon TOKYO
      1626 11 AFP Nikkei 225 +94.00 SHARE prices closed 0.6 per cent higher yesterday, recovering ground lost in the morning on bargain-hunting and public fund buying after a rebound in the Hongkong market. "What appears to be public fund buying in early afternoon has a lot to do with the rebound
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      Lock icon HONGKONG
      1658 12 Bloomberg |fl Ham Sen* +260.92 STOCKS rallied as investors hunted for value in Chinese firms that may be sheltered from rising interest rates. The gains rounded out a week in which the Hang Seng Index swung 20 per cent, its most volatile run ever. Beijing Yanhua Petrochemical and other
      Bloomberg  -  1,658 words
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      Lock icon CHINA
      657 12 Reuters QShenzhenßlndex +OJO THE Shenzhen B share market edged up at the close yesterday but trade remained stagnant as investors continued to focus on the more active Hongkong market, analysts said. The B Index added 0.10 point to 113.27 on turnover of HKS27 million. "investors have no interest in
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  657 words
    • Article
      Lock icon WELLINGTON
      274 12 Reuters Q Wellington +18.46 INVESTORS and brokers heaved a sigh of relief as the share market closed a tumultuous week yesterday with a small but heartening gain. The NZSE-40 Capital Index rose 18.45 points, or 0.8 per cent, to end at 2,355.83 after a late rally took it out
      Reuters  -  274 words
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      Lock icon BANGKOK
      858 12 AFP H SET Index +112 SHARE prices bounced back yesterday from an eight year low set the previous day after the central bank announced key economic data. Analysts said buying was seen in the last hour of trade as the market learned about an improvement in foreign reserves. The
      AFP  -  858 words
    • Article
      Lock icon SEOUL
      411 12 AFP nOompMiteliig -142> SHARES closed 2.9 per cent down but off lows yesterday on late modest short-covering while foreigners continued to off-load blue chips. The market opened sharply lower on continued foreign selling, but prices received a moderate boost from the central bank's intervention to defend the won against
      AFP  -  411 words
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      Lock icon SYDNEY
      603 12 AFP nAH Ordinaries *28.7 A FLOOD of offshore funds sent share prices up yesterday after they spent most of the day in negative territory. Analysts suggested the buying support came from investors who were shifting from troubled South-east Asian economies into Australia. The All Ordinaries Index gained 28.7 points
      AFP  -  603 words
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      Lock icon JAKARTA
      697 12 AFP n Composite Index -145 SHARE prices slipped yesterday in highly volatile trade ahead of the release of the full details of an International Monetary Fund rescue package. The government's release of a statement on its planned reforms had little effect, with investors taking time to digest the contents
      AFP  -  697 words
    • Article
      Lock icon MANILA
      303 12 AFP n Manila *4J3 SHARE prices closed 0.3 per cent higher in thin trade yesterday with further gains capped by lingering uncertainty over the direction of global markets. The PSE Composite Index gained 4.93 points to 1,818.09. Turnover was 909 million shares worth 1.1 billion pesos. PLDT rose 30
      AFP  -  303 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8449 13 INDUSTRIALS Consumer products 1997 Last Vol Day Net Cap Mm> Law Cawyawy *a*e 'OOP High Law P/E M 790 350 A|inomoto 350 -4 8 350 350 19.4 1419 448 206 Angkasa 208 -8 36 216 206 6.2 306.7 905 370 Apollo Food Hlg 496 6 56 496 426 14 4
        8,449 words
      • Article, Illustration
        Lock icon Shares higher on light bargain hunting
        259 13 AFX-Asia P Composite Index ♦121 SHARE prices closed slightly higher yesterday, reversing early lows, on light bargain hunting as sentiment improved following a rebound in Hongkong. Dealers said rumours of a trade surplus for September also aided sentiment. The KLSE Composite Index closed up
        AFX-Asia  -  259 words
      • Article
        Untitled
        191 13 y*- °rr Conaanwr prd 13 36 7 ma prd 25 51 n OrtfciUhm 3 21 41 •nfrntn I 2 1 rmtnc* 18 39 MM I 4 0 Pr*mtr 23 33 9 W«lWH>n 9 24 4 MM* ISO TrwW 0 2 2 X) 73 23 tSKTiwrt 539 T79 23 OetM/r*nd .1
        191 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3554 14 BONOS, LOANS S VMRANTS wt 1997 Last Vol Day Last Ouola Avg HlgH Law Stna Company Salt c- COOOI High Lav Buyar lalWr Prtea 68 20.5 m 3000 m AMDB C5.5H*****6 21 -2 64 22 20.5 21 22 81 15 3160 -Acar ******1 US$ 21.5 »1.5 65 23 19.5 21.5
        3,554 words
      • Article
        Lindeteves-Jacoberg warrant worth a second look
        178 14  -  WARRANT WATCH By R Sivanithy AN INVESTOR with deep pockets would have a field-day in the current market, mopping up counters that have collapsed beyond recognition. For those who have warrants in mind, the better buys would be the really long dated ones that
        178 words
    • Article
      CLOB INTERNATIONAL
      2349 14 MALAYSIAN STOCKS Cr Or •997 Last Vol Day Last Quote Mv Mv VM Not M Cop High Low Stno Company Sato fOOO) HlgH Low Buyof Wo Cw H P/I »wi 478 120 mi 5000 AISB50C 130 Cd *2 60 130 120 130 136 5.0 31 0.9 49.6 133.4
      2,349 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1326 15 twmow room »*i*rww H i ***** iT* -as iss jgi -as Js IW>« «■»■*»»< i»t« Jaw*.I»i»mill>hl i'M *i hi»hh*wi HAM sum total jbf —t i m i i i s= |li H 1 •|Mm 0 0 0 oil 0 1 Z las* 'S V "S *1 5 i *3 3"
        1,326 words
      • Article
        Untitled
        195 16 ftVtfcMM WuMUSWc 10.1W.000 IMStNlSOc 9.133,000 •Land I General 8,902,000 fcciflcCentury 6,199,000 SngTeltSc 5.893,000 PC Carpi 5c 5.870,000 m*tap«99 5,041,000 ttSLMd 4,834,000 SM Summit 10c 3,981,000 |HtM«rces10 3,939,000 StKfcl MS Font* 53,387,106 5U Foreign 34,011.400 UOB Foreign 24,895,521 HatSteel 50c 24,077,680 MR land USIOc 22,876,784 008 Foreip 19,247,748 «y0tv50c 17,670,857 8C
        195 words
      • Article, Illustration
        HOT STOCK
        61 16  -  by: Larry Wee SINGTEL made a nice six-cent bounce yesterday to close at $2.50 on volume of 5M9 million shares.-* Although its RSI still looks more neutral than com-:, mitted one way or the other, the MACD picture ii starting to look promising. But further strength will jh
        61 words
      • Article, Illustration
        Lock icon Market ends on high note, thanks to HK turnaround
        661 16  -  STOCK MAMDBT OOMKBVTABT However, some sceptical observers see the STTI Index's gain as part of an end-of-the-month window-dressing activity By R Sivanithy [SINGAPORE] The Straits Times Industrials Index yesterday enjoyed a hefty 44.68-point boost to close at 1,586.07 points that helped
        Chart info from Bridge  -  661 words
      • ON THE GRAPEVINE
        • Article
          Execuse me, your forecast is showing
          140 16 WE WONT be so cruel as to reveal the name of the broking house. After all, it probably applies to most of than, and we also know that whereas some fortunate people get to bury their mistakes, forecasters (and journalists for that matter) must
          140 words
        • Article
          Win some,lose some
          80 16 MORE on the mind-boggling losses by Hongkong tycoons. We have just received the annual report of Sun Hung Kai Properties, which showed the Kwok family controlling about 1.048 billion shares in Hongkong's largest property group. A quick computation showed between the stock price's year's high of HK3109.50
          80 words
        • Article
          Damned if I do,damned if I don't
          83 16 THE urge tofesh out at some target when one is taking a bad hit mu£t be making some Analysts cringe. At a recent dinner party, the talk wa|is«fa»ut the "so-called experts who couldrfbrflhe signs coming". One of those tralMMfterts had this excuse readf&|fhad
          83 words
        • Article
          The numbers game
          193 16 JIT HOLDINGS chairman Tommie Goh seems to have taken great pains to ensure j! the good fortune of his company's initial public offer in this dismal market The mainboard-bound contract manufacturer is ofiferlng 57 million shares at 88 (double 1 prosperity) cents each. While small m investors
          193 words
        • Article
          Company going to the dogs
          97 16 AMERICA'S love affair with dogs extends to acmaof its top corporate leaders, with jmiiionally quirky consequences. One Aftorate canine caper can be found on the irasite of computer company Sun Microsystems. The "Office of the CEO, Management Team" page of the Sun site proclaims that
          97 words
    • Article
      MAIN BOARD
      4971 15 <e Cr Cr M Wt r 1997 Last Val toy Laat Quota Oh Mi TN IM Cap Aug MH> U» WW Clammy Ml roooi wm> Law Myar umrn Cw W <■* Ww HHSIMULt 157 40 1020 ACE Dynamics60c. 44 -2 139 45 40 42 4S jft.0 44 5146
      4,971 words
    • Article
      SESDAQ
      1089 15 Of Or M Wt SWT Last V* D*y LMt Owli Mv Dt» V* MM C«# Av* MN> In WW* C«T I* roooi H» C— >»>4» Mhr Cw Wl Wo MMOT MS 76 2000 AOUHMQiSC 129 540 131 129 129 130 10* 4.0 0.1 1843 57 4 129 440 144
      1,089 words
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      93 12 ♦The Taiwan stock market wag closed yesterday. C PNn't yi« kniw? I rtad it in &ti "THem. Citi' iff l» in<i| Clmlfltj rtl« HitnJ. J I'd like to place an I A buyer I love this car V advertisement to J I the very I I that I found sell
      93 words
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      Page 13 Advertisements Column 1
      44 13 RARE NATURAL GEMS BjjjMßl^^ 5 ********************515^^ 'IDEAL CUT DIAMONDS 1 ZlLt 2(. S**a I WM^I Symmetry Excellent Shangri-La Hotel Unit 110, g patek Optional-LASER NUMBERED Singapore Tel: 732 5689 732 0721 1 PHILIPPE m^TTmTn t M Malaysia (K.L) Tel: 230 2848 230 2843 fcjgigfagesjgjgjgfgigl^^agegl
      44 words
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      58 14 I saw your /ni H l was suc h\ advertisement in a 1 3 nice sur P rise J The Straits Times Classified. I rlowers 1 V Thank you. J I I'd like to deliver a V or girlfriend. *j Oj gf OT SCIUM ttKOUSt) AgflMnL it-^/ The Straits Times
      58 words
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      520 16 BUSINESS S I o .id\ rrt isc i .ill lull In I son 41 ISS NOTICE (Q) THAI MHJTAAY AANK PUAUC COMPANY UMfTBD Negotiable Floating Rate United States Dollar Certificates of Deposit due in April 1998 In accordance with the provisions of the Certificates of Deposit, notice is hereby given
      520 words
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      Page 16 Advertisements Column 2
      127 16 It could be any number of A 1-, anniversaries, ISO certification, pages but the cost of a special JL Vl. M, AJI ground-breaking ceremonies feature in our newspapers and topping-up ceremonies, will remain the same for you: $0. We will Since you have so much to gain and nothing organise
      127 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Family matters in business
      1088 17  -  The advantages of such arrangements and their limitations are reflected in three family-run concerns, reports rahita alias RAHITA ELIAS KENG Tan has been an entrepreneur almost from the word go. Fresh from secondary school at 17, she launched her own business at Katong Shopping Centre a
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    • STRAWS In The Wind
      • Article
        Point not taken
        51 17 JUST when you thought everyone in Singapore was Internet-savvy: Someone collected his name cards from the printers and found that his email address had a space after each dot. Asked to rectify it, the printer insisted: "It's correct what. There must be a space after every full
        51 words
      • Article
        Not to be sniffed at
        40 17 NEWLY-OPENED Great World City, or GWC to some folks, may have a rather unsavoury attribution to its acronym: Great WC. Apparently, some bright spark thought this one up after reading about the lavish toilets there.
        40 words
      • Article
        Rinse and swallow
        47 17 A BULLETIN put out by Brewerkz's had this interesting bit of beer trivia: Beer was used in the 12th century as a remedy against the plaque. Either they thought it could ward off the bubonic plague or it was the earliest form of toothpaste.
        47 words
      • Article
        Pets on diet
        47 17 THIS just had to come out of California. Not enough that everyone there seems obssessed with the body beautiful, now a pet food company there offers a diet pill for cats and dogs that it claims will help them lose body fat in weeks.
        47 words
      • Article
        Against the odds
        26 17 THESE are tough times for companies. But at least one optimistic entrepreneur exists. A company was registered recently as the "Joy Luck Club".
        26 words
    • Article, Illustration
      Lock icon 'The person who can do the job is the right person'
      927 17 The' Cog of Little India' is open to management from beyond the family HE'S known as the "king of Little India". But 46-year-old Mustaq Ahmad, who heads the Mohamed Mustafa Samsudin (MMS) retail empire in Serangoon Road, doesn't have
      FILE PHOTO  -  927 words
    • ENTERTAINMENT
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        Lock icon Duchovny at life's X-roads
        812 18  -  PROFILE actor talks about marriage, being proud yet tired of Mulder and going into movies M Carla Hall LAT WHEN David Duchovny started dating actress Tea Leoni, she told him she had never watched TheX-Files. In fact, she told him, she thought the television show thai
        LAT; FILE PHOTO  -  812 words
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        Lock icon Just the right atmosphere
        358 18  -  NIGHTSPOT The Riddle Pub boasts a good DJ and eclectic, moody lighting By* A Surendren A RIDDLE here: What are the three Cs not related to the Singapore dream? Answer: cute, compact and cosy, which is what the Riddle Pub turned out to be. Open for
        ERIC CHU  -  358 words
      • Article, Illustration
        Pick the hunk over the horror
        782 19  -  CINEMA Event Horizon tarns out to be more of a horror flkk than science fiction, but Brendan Eraser's George of the Jungle hits the rigjit note, among other things By\ Susan Tsang The Event Horizon is the name of a spaceship but don't be
        782 words
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        WHAT'S ON
        374 19  -  Compiled by M Yasotha SSO: Sabcrlptioa Series Winner of many international competitions, pjianist Lang Lang has critics and menfofs comparing him to both Horowitz and Rubenstein. Maestro Choo Hoey conducts this prodigious talent inrTchaikovsky's most popular Piano Concerto No 1. Programme also includes Weber's Overture Ruler of the
        374 words
    • LEISURE
      • Article, Illustration
        A touch of understated style at home
        509 20  -  FURNISHINGS Country Road's Spuishiiigs have found favour with $porean yuppies By, Jaime Ee XDU'VE worn the clothes. •Now subscribe to the whole lifestyle as dictated by County Road, which has made conVerts out of Singaporean yupEs who are attracted to the ssie retailer's
        509 words
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        Growing enthusiasm for Indian art
        1304 20  -  Two exhibitions now on in Singapore reflect an emerging international trend for collecting artwork from India, reports bbi mnnu»B BEN MUNROE TRYST With Destiny: An from Modern India 1947-1997 opened at the Singapore Art Museum last week and. along with several commercial galleries, introduces an
        1,304 words
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        Lock icon Long wait ends in moderate satisfaction
        485 21  -  RESTAURANT Granites, akog Upper East Coast Rd has room for improvement By Corinne Kerk UPPER East Coast Road is a happening place. Since Pasta Presca. Coffee Club and Haa gen Dazs set up shop there along the same strip, they've been packing 'em in.
        CHRIS LOH  -  485 words
      • Article, Illustration
        Lock icon NYDC continues to set the pace, and price for desserts
        559 21  -  CAFE New outlets confirm its status as dessert levers' heaven By' Tan Su Yen NYDC or New York Dessert Cafe, that Holland Village hangout for dessert lovers, seems to have achieved a few firsts for the local food and beverage
        CHRIS LOH  -  559 words
      • Article
        Savouring the best Bordeaux vintage since 1990
        555 21 WINE ByN KYong THE highlight of the recept IWFS Council Meeting in Baltimore was a tasting of the 1995 vintage of 13 Chateaux conducted by Robert Parker. 1995 was the best Bordeaux vintage since the great 1990 and was therefore eagerly awaited. Not
        555 words
    • COVER STORY
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        Lock icon Recognising a growing need for professionals
        971 20  -  The founder of a Thai family firm talks about breaking tradition I From Harish Mehta in Bangkok WHEN 24-year-old finance graduate Pete Bodharamik recently joined the telecommunications group his father founded in 1982, the word in Bangkok was that the son would one day
        FILE PHOTO  -  971 words
    • PURSUITS
      • Article, Illustration
        Lock icon A shopper's plea for sanity
        783 22  -  Whin bargain hunting makes onr favourite pastime a nightmare, it's time to reevaluate priorities By, Jaime Ee I AM one confused shopper. I'm sitting at my kitchen table, studying the spoils of my shopping forays into the latest supermarkets to open in Singapore and asking
        JEN CHUA  -  783 words
      • Article, Illustration
        Lock icon A place to read, drink and be merry
        622 22  -  QfrOKS Berfan Books aims to becomt a place where people gather By Corinne Kerk AS BORDERS Bocks opens its doors today at Wheelock Place, it will clinch its position as Singapore's largest bookstore offering 120,000 book titles, 60,000 music titles and 2,000
        CHRIS LOH  -  622 words
      • Article, Illustration
        Lock icon Literary fireworks that engage relentlessly
        616 22  -  BOOK REVIEW The Bttker Prise this year dwarfs some past winners By Kevin Sullivan ARUNDHATI Roy's Booker Prize-winning first novel is witty, innovative, mesmeric, intelligent, achingly sad, evocative, written with fluency and verve. Three things stand out. The first is the book's technical competence. Which
        FILE PHOTO  -  616 words
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      CINEMA
      697 23 Air Force One. When the presidential plane is hijackedby Gary Oldman and his gang, Harrison Ford shows what an action-hero presidents made of. Lido, Yishun, Tampines, Beach Road, Eastpoint. The Assignment. Fictionalised account of how Carlos the terrorist was brought to grief. Donald Sutherland (CIA) anil Ben Kingsley (Mossad)
      697 words
    • Article
      ENQUIRIES AND BOOKINGS
      115 23 OttkavOn Cathay 338-3400 Eastshore 346-1816 Picturehouse 338-3400 Yangtze 223-7529 B^Vak Empress 777-6867 Jubilee 464-1640 Mandarin 292-9401 Marina 338-9719 Whltesands 585-1782 Bedok 443-2406 Bishan 353-8886 Boon Lay 792-2788 Broadway 454-9394 Majestic 533-9032 Marina 337-9488 Pavilion 786-5788 Tam pines 8 786-5788 TtongHahru 274-6588 Yislyin 257-7848 ClementV Cwealth 777-0669 Town
      115 words
    • TRAVEL
      • Article, Illustration
        Lock icon St Ives flourishes under the Tate
        1264 24  -  ;The little seaside town in Cornwall has seen a tourism boom and mushrooming of smaller art shops since the gallery opened in 1993, reports bek wrwiffß BEN MUNROE OF THE dozen reasons to visit Cornwall, the Tate Gallery at St Ives is one that's
        BEN MUNROE; PHOTOS PROM TATE GALLERY  -  1,264 words
      • Article, Illustration
        The lure of strange names and striking beauty
        604 24 Step outside St Ives and discover an otherworldly attraction about Cornwall 3? THE Tate St Ives should not be the oitfy item on the itinerary. There are a host other attractions la Cornwall, called "Kernow" in the Cornish vernacular, none of which
        604 words
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      156 18 •f i J I I B v HM B B v* L B Bl II a Btf P K K K H ■W r Thag <tood news to 1,2 million readers! pfit tjiiiiiiwi ?9kn m r~* i rtfMp^6^fc^3:fioth^f: .year of Biyriiricani yrovvih for the? group 'IB B Compafy/listings are significant
      156 words
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      238 19 Where to wine, dine and entertain... What tetter way to celebrate a great week than Sunday Brunch at The Cafe-in-The-ftrlr? Enjoy the finest hrunch and service at only $28* per adult (only $14' For tlx Irids). Then oast your good fortune with I Gold Selrt Champagne, each glass glittering with
      238 words
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      Page 19 Advertisements Column 2
      133 19 THAI rOKKIPOI 1 Presents choice of SEAFOOD, THAI FOOD PORRIDGE FOOD, 8 TYPES OF PORRIDGE A Bigger Better Tiinch EXCELLENT VALUE same old pr,ce RSreflMWl $13.80+++ (adult) SjjnU $B.oo+++ (Child) Sat/Sun/PubNc Holidays noon to 5 pm BUM 317 Outran ftoad Singapore *****S TO ***** M rOACHFJ) I.IYE fEAWWS at $2.80
      133 words
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      Page 19 Advertisements Column 3
      197 19 The only buffet lunch 01 j with a feast of 01 Italian Chinese IJ favourites j| from just $14«SO-*"*- w J (Spread the word.') J j 1 iNeaeeia jf j J Opening hours from 11.30* m to 12.30 mm I 1 buffet lunck mvmilmHe from 11.30 mm to 2.30pm M
      197 words
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      Page 19 Advertisements Column 4
      204 19 SUPPER TIMF AT] II N >111 s|llll|)llllllh (AIWAMSI PORRIIKir I(» (K)pin J.< M l.i n i il.i il\ fulfilling i lit Hll 1111 11 u<•l v 11 l 1 11 I I I w ..111 ill v| x I I|| |< i\< il w i f 11 rllh< i 111
      204 words
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      Page 19 Advertisements Column 5
      93 19 y nw J "8 1 n>np»y^ Nlfkctl X itf«Hta« aNtNtM Uaiiywi'l Hlgfcoat ###f#o4l §t4 <M peak of soMI MMM%. dfV^JssSs *nnm«»»«ii»yii<l <||Kini J» For pcsovaMons. pteaaecafl S3i easa*D .Step Into Our Garden For Tea. 3pm to SJOpn I Adui« lu.oo*. Child (Mm lit) 110.00* I (Weekday.! 3pm s:3opm Adult $17.00*
      93 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      2135 23 TODAY'S TV i m i "-c V 1. 1 1 f 100 See Sunday's Schedules. RECOMMENDED VIEWING 12.00 NNTV Innovations. fcMHI BBHHBMMBBfIHBHfIi friends Who face life after LOO PM Asian Football Show. f JM t3O AM TV Innovations. IJOllff metal R,.aV«on Wc 100 World Games-Lahti 1997. MB W B 230
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