The Business Times, 3 January 1998

Total Pages: 22
1 22 The Business Times
  • 15 1 THE BUSINESS TIMES MTTA(P) 1 t(y 12/97 85c SINGAPORE Internet- http://www.asial.com.sg/biztimes WEEKEND EDITION, JANUARY 3-4,1998
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  • 21 1 15 I ISJS Sfeiga HWMK 1/1 |»y> A; fSfirtr* mmL ATI m SBwum *11 MBf/'it/'?" r^.C'^awtiy -nm (Source: NatWest Bank)
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  • 697 1  -  Bank Negara says exercise is prelude to similar mergers in hanking gutter From Eddie Toh in Kuala Lumpur MALAYSIA has identified six finance companies to serve as anchors in consolidating the very fragmented industry of 39 players. More importantly, the
    697 words
  • 590 1  -  But analysts warn of painful changes for Asian corporate By\ Shiv Taneja [SlNGAPOßE] If 1997 saw the decimation of regional equities, then 1996 will probably be remembered as the year when Asia's corporate sector had to re-invent itself. Yet, in the
    FILE PHOTO  -  590 words
  • 549 1 Dealers say word on the streets was, 'Just boy US dollar when it dips' Bloomberg [SINGAPORE] Southeast Asian currencies fell yesterday, with the Malaysian ringgit tumbling to a record low on concern that the slowing economy is beginning to bring pain
    Bloomberg; Source: Bloomberg  -  549 words
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  • SINGAPORE AT HOME & ABROAD
    • 1593 2 on rww cta morr etd MMt Offl »30 0f82 2050 MpM $0809 2130 MHO *20 sua EB0 Mai **741 1310 $0176 030 M>wM KLM3 0990 $034* 2330 S0T79 W0 **740 V4* *25 0T00 U.838 2339 RatVM M893 mO *1894 0735 MM 0700 T0407 840 ***** B45
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    • 287 2  -  NTUC will try to slow relocation oat of S'pore, upgrade skills By Audrey Tan SINGAPORE workers should not expect high wage increases in the year ahead, union chief Lim Boon Heng said in a recent interview with NTUC News.
      287 words
    • 486 2  -  Arthur Andersen encroaching territory! Andersen Consulting By Tan Su Yen ANDERSEN Consulting's move to seek arbitration over its dispute with sister firm Arthur Andersen will put an end to the twiddledee and twiddledum confusion about both companies in the marketplace. Said Willie Cheng,
      FILE PHOTO  -  486 words
    • 256 2  -  By. David Boey ARTHUR Andersen's Singapore arm has declined comment on the proposed split from Andersen Consulting, citing legal aspects of the demerger that made it inappropriate for the company to comment at this juncture. Christine Yee, Arthur Andersen's marketing and
      256 words
    • 436 2  -  Talks gaining pace despite deadline being pushed back again By\ Ronnie Lim DESPITE the expiry of a Dec 31 deadline, a Singapore deal to buy Indonesian natural gas for power stations is not off. Talks have intensified between the Sembawang CorpTuas Power (TP) consortium and
      436 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • 323 2 CRYPTIC CROSSWORD 29 The fello^Sponsible hold-up (4) SO Unyielding eccentric draws 9 Judge holding a mum to be of YESTERDAY'S SOLUTION back (10) less value (8) ilhwij 14 High-rise homes for social t^y^w^o^Nioii inigm|mm workers (10) 1 Being cold, the youth dressed 16 One wanting absolute perfec- [NggHiluMßid i BwßlNklHl
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  • Page 3 Advertisements
    • 362 3 NO RESTRICTION ON FOREIGNERS T A N I I Kl EASY INSTALLMENTS 1 M 1 IN OPEN FOR SALE NOW view X I I I I- l| ji JKjfl fe jK kk B oif^Kß L I L Jl B A a I fcil *****111 l Exclmivellunglin/Orchard Area -just moments from
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  • FOCUS: PERSONAL FINANCE & DIVESTMENT
    • 2453 4  -  A BT panel of investment experts predicts what the year will bring for regional economies and offers some investment advice By\ Shiv Taneja [SINGAPOREI SIFTING through the debris of regional equities, a BT panel of investment experts has come up with some investment ideas
      FILE PHOTOS  -  2,453 words
    • 591 4  -  BYE ON THE REGION: HONGKONG From' Quak Hiang Whai in Hongkong HONGKONG ended a spectacular 1997 with threats of the deadly bird flu and an unprecedented slaughter of all edible birds. But the Chinese territory is carrying forward a condition more virulent,
      FILE PHOTO  -  591 words
    • 599 4  -  Diversifying and risk reduction will help protect investments By( Caroline Meakin A YAWNING gap has appeared between regional market performance and that of the developed markets which, after a setback in recent months, have now recovered to just a little
      599 words
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  • REGION
    • 471 5 ■JOHORBAHRU KL minister hopes the new crwriag will improve friendship, trade and tourism Bernama, AFP. Reuters MALAYSIAN Information Minister Mohamed Rahmat said the opening of the Malay-sia-Singapore second crossing yesterday was a big start for 1996 in terms of promoting ties between
      Bernama,; AFP.; Reuters; REUTERS  -  471 words
    • 201 5 JAKARTA Sectors most hit are construction and property AFP THE FINANCIAL crisis in Indonesia is estimated to have forced 2.4 million people, mostly temporary workers, in Jakarta and its surrounding areas out of work, a report said here yesterday. 'These temporary
      AFP  -  201 words
    • 324 5 Bernama [KUALA LUMPUR] The levy on foreign workers except for housemaids and those in the agricultural sector has been raised to 1,500 Malaysian ringgit (*****), a new ruling that took effect on Thursday. Deputy Home Minister Tajol Rosli Ghazali said that the
      Bernama  -  324 words
    • 103 5 mJAKARTA AFX-Asia THE Indonesian Chamber of Commerce (Kadin) chairman Abdurizal Bakrie said a trust ftind should be established to roll over private sector shortterm debt, Bisnis Indonesia reported. "The trust fund would be to enable the purchase of debt paper,
      AFX-Asia  -  103 words
    • 288 5 AUCKLAND AFP NEW ZEALAND'S immigration chief is threatening to implement tougher measures, including increasing fines against airlines by five-fold, in a bid to solve its burgeoning illegal immigrant problem. Max Bradford, Minister of Immigration, said airlines which are caught carrying illegal asylum seekers could
      AFP  -  288 words
  • Page 5 Advertisements
    • 649 5 1 1 njoy substantial savings ofup to 25% by subscribing Lan Sh u i i t0 a ue Package (at least 10 concerts) or Express SiowLeeChinrMin J—/Package (at least 6 conceits). Conctaion tickets Tsao Chieh Prelude, Interlude and Fugato are for students, senior citizens and full-time NS men. Mendelssohn Violin
      649 words

  • REGION/WORLD
    • 507 6  -  SYDNEY Plans to codeshare with S Korea's private Asiana AirliiMM ilm hlltii By\ Surinder Singh AUSTRALIAN flag-carrier Qantas announced yesterday it is suspending flights from here to South Korea as the Asian economic crisis takes its toll on the country's tourism industry.
      507 words
    • 321 6 NEW DELHI Oct output shows pickup from Sept but far cry from year ago Reuters THE Indian economy looks set to tread water until the third quarter of 1996 due to lacklustre public investment in infrastructure and political uncertainty, economists said. Preliminary industrial
      Reuters  -  321 words
    • 374 6 NEW DELHI AFP INDIAN political parties yesterday geared up for general elections called in FebruaryMarch amid criticism over the length of the balloting. Most of the parties criticised Thursday's announcement by the Election Commission that the polls, involving around 600 million voters, would
      AFP  -  374 words
    • 261 6 NAIROBI Reuters KENYAN President Daniel arap Moi was poised yesterday to succeed himself as unofficial results of this week's chaotic elections pointed to an unassailable lead. Mr Moi was hoping to have an official result from the embattled Electoral Commission yesterday but the swearing-in
      Reuters  -  261 words
    • 117 6 ■HONGKONG AFP CHINA'S Foreign Minister Qian Qichen left Hongkong yesterday after a brief stopover in his first visit since the handover, as the territory remained embroiled in a bird flu scare and mounting fears over the economy. Mr Qian, on his way back
      AFP  -  117 words
    • 43 6 [TOKYO] Minnie Mouse and Tokyo Disneyland ambassador Michiko Sato donning a Japanese kimono for a New Year performance at Tokyo Disneyland yesterday. Some2lo,ooopeople enjoyed the shows put up by Disney characters over the three-day New Year holidays. AFP
      AFP  -  43 words
    • 189 6 TAIPEI AFP TAIWAN'S parliament yesterday passed laws stretching its territorial waters to 12 miles (19.2 km) and its exclusive economic zone to 200 miles around its shoreline. "Now with the passage of the laws, marine policemen will be authorised to board and inspect ships intruding
      AFP  -  189 words
    • 140 6 HONGKONG AFP CHINA'S booming Guangdong province is expected to have a new party chief in a major reshuffle, a report said yesterday. Li Changchun, 54, party secretary of Henan province, will replace Xie Fei, 66, as the provincial party secretary for Guangdong in a
      AFP  -  140 words
    • 137 6 ■HONGKONG Reuters HONGKONG'S Land Development Corporation (LDC) has approved a huge HKIBO billion (5117.5 billion) residential redevelopment project covering 26 sites in 10 districts, a local television station reported yesterday. The project will start next year and nearly 40,000 people, or 10,000 households, will be
      Reuters  -  137 words
    • 250 6 JERUSALEM Reuters ISRAELI Prime Minister Benjamin Netanyahu said yesterday he was confident Foreign Minister David Levy would not resign over the budget a move that would threaten the future of the government and Middle East peacemaking But Mr Levy stuck to his threat
      Reuters  -  250 words
    • WORLD Watch
      • 5 6 Bloomberg m»m HM Bbembrf
        Bloomberg  -  5 words
      • 34 6 Reuters andaHowsthsfpywmng>tto€any out snwil flue Mas at toe start of 1996, hit top site arid yslfcttiaar.DMtrata Huaboer, head of the President's Office, told public radio that MrKwasniewsti signed the bBl en Daeii~JlM»t
        Reuters  -  34 words
      • 8 6 AFP coHiipinifti do not ttkft tb© oocoGMHry
        AFP  -  8 words
      • 36 6 Reuters rights, a major sttanhlincbk>ck in the pethorxtarfcey** gtalfariprogrees towards European Union ■eafratllriit II "Dwaoafmy aralhmaan rlttifrtn Turkey cannet be abandoned," he wrote in a New Year's asssflfsprtaM to the MUtfrar daily.—RaOtrt
        Reuters  -  36 words
  • Page 6 Miscellaneous
    • 32 6 DOOMESBUR Y By Garry Trudeau i CANT sea asy I rjHuwfc/r 1 a c I ft philan- P v&fTUßecAPrnust I I \anpascholar\ ihroptsz] OMGTOYOUR. 1 00tN MMa&KUNPM\ I ANPA...A... J ?MA- I
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  • COMPANIES & MARKETS
    • 427 7  -  SIT unit and tw« farsaß firms said to haw equal share in USs7sm contract By David Boey (SINGAPORE] Singapore Technologies Engineering kicked off 1996 on a good note with its subsidiary, ST Aerospace, bagging a contract to refurbish Turkish Air Force fighters
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    • 189 7 Bloomberg {SINGAPORE] Vickers Ballas Holdings Ltd, a Singaporebased brokerage, said it •Creed to pay $2.8 million for the remaining 20 per cent of its Philippine unit, its second move in two weeks to expand Jte operations in South-east Vickers Ballas said it
      Bloomberg  -  189 words
    • 314 7 AFP Within 24 hours of the opening of the German tele- communications business to gfflpetition, the former mo"Wpoly Deutsche Telekom has become embroiled in controf versy over its pricing structure. The company announced yesterday that it would charge any subscriber who decided to •witch a
      AFP  -  314 words
    • 89 7 AFX-Asia [KUALA LUMPUR] The Kuala Lumpur Stock Exchange will conduct a comprehensive review of the exchange's operations, new KLSE executive chairman Mohd Azlan Hashim said yesterday. "We will assess what is needed to strengthen our present situation," he said adding that the exchange will
      AFX-Asia  -  89 words
    • 666 7  -  HOCK LOCK SIEW Conrad Raj DBS BANK recently took a big bold step in purchasing a majority stake in Bang-kok-based Thai Danu Bank, the country's 12th largest bank, at a time when most other investors are shunning Thailand, especially its financial
      666 words
    • 239 7 Developer to sue Xinhua ever mother sales failure Bloomberg [HONGKONG] Pearl Oriental Holdings Ltd said yesterday HK1558 million (*****.7 million) of sales collapsed, the second time in two weeks the Hongkong developer has had a sale fall through. The failed sales followed the collapse
      Bloomberg  -  239 words
    • 110 7 Bloomberg [JAKARTA] QAF Ltd, the Singapore unit of the Salim Group, will delay its acquisition of Indonesian sister company PT Indofood, Indofood's executive director Benny Santoso was quoted as saying in Bisnis Indonesia. The recent decline in the rupiah, the stock market, and the price
      Bloomberg  -  110 words
    • 343 7  -  Pangestn, Bamhang offload UPP; Kotjo, Bambangseil VDH By Audrey Tan [SINGAPORE] Indonesian businessmen continued to cut their stakes in listed firms in Singapore, offloading shares in United Pulp Paper (UPP) and Van der Horst (VDH) last month. Indonesian timber tycoon Prajogo Pangestu
      343 words
    • COMPANY Briefs
      • 72 7 [SINGAPORE] Pacific Can Investment Holdings yesterday reported a loss of $11.6 million for the year ended Sept 30, despite a 3 per cent rise in turnover to 1663 million. Loss per share based on existing issued share capital and on a fully diluted basis fell
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      • 57 7 AFX-Asia [SINGAPORE] Datacraft Asia said it will Issue 1.46 million shares at US$2.5O each as part of its U517.3 million (SI1&3 million) purchase ofUCS Communications Ltd. Datacraft Asia said the acquisition will be paid for in cash or new shares. Like Datacraft Asia, China-baead
        AFX-Asia  -  57 words
      • 47 7 AFX Asia [MANILA] Globe Telecom has installed 327,082 land lines as of Dec 23, the company said in a report to the National Telecommunications Commission. Globe Telecom has been given until March this year to install the required 700,000 fixed lines. —AFXAsia
        AFX Asia  -  47 words
      • 100 7 Bloomberg [JAKARTA] Bank Lippo has bought a 7.38 per cent stake in Bank PDFCI for 2S billion rupiah (Ss7.fis minion), Bisnis Indonesia said The shares were acquired in December, Lippo aakl, without naming the sellers. Bank PDFCI booked a net profit of2B billion rupiah
        Bloomberg  -  100 words
      • 95 7 Bloomberg [JAKARTA] The Bakrie group's five banks—Bank Nasional, Bank Nusa, Bank Nasional Komersil, Bank Tabungan Pensiunan Negara and Bank Angkaaa—will merge into one large bank to be called Bank Nasional, Harian Ekonomi Neraca said. Shareholders will vote on the plan on Jan 24, the
        Bloomberg  -  95 words
    • FINANCE & COMMODITIES
      • 438 8 Moves come amid competition and growtkin trades Bloomberg [CHICAGO] The world's futures exchanges, long dominant in trading everything from corn to crude oil, are being forced to merge to survive amid growth in computerised trades. The Coffee, Sugar Cocoa Exchange and New York
        Bloomberg  -  438 words
      • 447 8 Bloomberg [CHICAGO] Commodity prices are headed lower this year after foiling for most of last year. Crude oil, copper, gasoline, timber and gold—all of which are priced in US dollars tumbled more than 20 per cent in 1997 as weakening currencies and economies in
        Bloomberg  -  447 words
      • 397 8  -  Uviig Bawari gfvw cask &t end if term if Mdftinsnftdt By\ Soh Tiang Keng [SINGAPORE] Great Eastern Life on Thursday launched an insurance policy giving a cash reward at the end of its term on top of the usual refund of premiums if
        397 words
      • 330 8 PUg/iTta The greenback started the year on a bullish note, trading above 1.80 yesterday morning, above the resistance at 1.7956. A bullish inverse head and shoulders pattern is seen in the daily bar chart, indicating further upside potential for USI/mark. However, the overbought daily stochastics suggest
        330 words
      • 251 8 AFP [MANILA] Local banks yesterday questioned plans by the Central Bank of the Philippines to require periodic reports on their loan exposures, including non-performing loans. Bank officials warned that this could backfire on the banking industry which is already jittery because of the financial crisis
        AFP  -  251 words
      • 192 8 hUUHßeport Reuters (SINGAPORE) Simex Euroyen and Eurodollar futures were stuck in narrow ranges yesterday, hampered by a lack of market-moving news and poor liquidity, dealers said. "It's been a dull day with Japan closed. London players are also not in the market," a dealer with a European
        Reuters  -  192 words
      • 309 8 ENERGY REPORT Bloomberg [MELBOURNE] OU Search Ltd, a Papua New Guinea oil and gas explorer, said yesterday that partners in the onshore Gobe oil field in Papua New Guinea wUI begin producing at the project before the end of
        Bloomberg  -  309 words
      • 172 8 Reuters AFP IjoodLoii The US dollar revealed a bullish face for 1996 in the European mid-session as dollar/yen tested a fresh 5 w year high on safe-haven dollar buying. Economists said trading was thin, but dollar-buying against the yen, mark and Swiss franc yesterday morning pointed to market
        Reuters; AFP  -  172 words
      • Article, Illustration
        154 8 ZM• Nf.v EL**,"*-. iL A.-. *SS v 5C-* <** *s >^t»*r> s 1 liTB Jan 2 ~r~~ $mm t tin w m I *mm zl ttn IIM mam immft f nm sat iss AS is— m ,a 1 '-ifc.4 3 |M X hmmrn m jPg] laNH 31/1 3V» }M* 1V»
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    • 1166 9 nCOMrPTUMB Jan2 m MM* Lwr It! ct—t» Wnl Nfttt moo 780 Mr It MJO JBO Apr 90 124.00 M«f 90 I2400 3750 1 3 90 M00 1790 Imsmm bojo quo sue so ms gfljgw S» «00 Ml m im sm Mm) Hhmt 55 ss 1 a Mr 90
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    • 1704 9 *1 Hm *h X Group 510 S AS Parts 299 -2 ABBay National tlU 23 AaodOomecq 524 unch Aaaec H7 unch Aada Group 177 ->00 ■ATM 557 3 HK 278 4 MX T72.400 *1 BOC Group WM *15 BHPotroMum 808 BTR 183.400 -400 Bonk of Scotland 5*4
      1,704 words
    • Article, Illustration
      1256 10 AFP QlbtSMg -4U» HONGKONG share prices fell 0.4 per cent on the very first trading day of the new year yesterday amid an absence of fresh incentives to spur market players, analysts and dealers said. "In particular, as the Tokyo stock market remained closed for the New Year holidays,
      AFP  -  1,256 words
    • Article, Illustration
      689 10 AFP Pftfdtelitei +&30 SHARE prices rose 2 per cent yesterday on buying support but in thin trade as the market reopened after the New Year break, dealers said. "There are a lot of foreign investors on holiday so there is a strong opportunity to artificially raise the index," said
      AFP  -  689 words
    • 509 10 AFP □AnOriiMriM -7.4 SHARES failed to shake off their New Year hangover yesterday, closing 0.3 per cent weaker amid scant trade as brokers waited for investors to return from holidays. "The movements mean absolutely nothing and volumes were so low that if somebody had an order it affected the
      AFP  -  509 words
    • 238 10 AFP □Hunk *WH SHARE prices closed 1.2 per cent higher yesterday on selective blue-chip buying in extremely thin volumes on the first trading day of the year. The Composite Index rose 22.04 points to 1,891.27. Turnover was 537 million shares worth 639 million pesos.-AFP P— 17.730 -0230 M WlUCjHlry
      AFP  -  238 words
    • KUALA LUMPUR STOCK MARKET
      • 8008 11 "0CKHMT miKts MOO Last Vol Oey Nd» Cm <N» L— Cinwy 94te -OOP HH> U» P/t jmll 210 206 AUnomote WO 2 4 210 208 n.4 411 90 5 90 Angkaea 90 uncll 74 90.5 90 2.1 132.7 >60 >60 A«o«o rood Hk) MO -9 140 MO 4.7 44.0 225
        8,008 words
      • 374 11 AFX-Asia Q Composite Index -2148 SHARE prices closed lower in modest trade yesterday on profit-taking amid a farther fall in the ringgit, dealers said. The KLSE Composite Index closed down 22.48 points, or 3.8 per cent, at 571.96 on volume of 107.1 million shares
        AFX-Asia  -  374 words
    • WARRANTS & OPTIONS
      • 3327 12 bonm. loans ft lAMum m H97/«» Last Val Day Lm« OlMto A v* Hlfh Lav Stno Com*««v Sal* Hr- COOO) High Law Bvyar Mhr Prlca 68 K> m 3000 mAMOecS.5%****** 12 1 «J 81 1LS 3160 *Acar ******1USS 12 *03 4 12 12 U 12 131 n 3164 Acma ******4
        3,327 words
    • 198 12  -  WARRANT WATCH -By R Sivanithy THE Ipco warrant, which was listed just a few days ago, has done well despite a nervous market. It has risen to 80 US cents from around 45 US cents. A look at its numbers
      198 words
    • 1971 12 Or Or 1M7/M Laat Vd Day LaatOuata 01* Mr VM Mat M Cap HH* Laar Mm Canpawy if COOOl Law Of laOar Car M. 478 39 mi 5000 AIS0 50C 393 id -0 70S 47 393 393 403 10 U 2.7 IU 405 137 IS at 5001 AMOOSOc
      1,971 words
    • 323 13 1 3 1 9 J;1 ggV aSS «g| •i ?,*i| J HAM MM |MM II M 1 HI 14 i '■i'iJ i j s WW. I am* "SS .5 SSSft* £2 H tMt taM LMt «MM mil §F~i Si"3 Er "S "S g"2 OtyOavKk MM -OJW
      323 words
    • 4640 13 Transaction Date: J.in 2 s» «r M art 799T/M uat Vol Oay Last Ovato M» M) VN M Can A«* mm l— c—s*n» s*» rmm mn* t— SM*r s—or cv w ww> 157 tu O M20 ACCOyaMataiOc 24 unck 2M 29 M 2U 29 23.7 M JM ASC
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    • 873 13 Or Or Mm mim uat y* L*rt«o*it m* ot* ym Mat cm a** m mm* fiim w» row> u» w» e» pn 104 70 a 2000 AMMMfiSc W7 HI 83 U U U 1471 on t!4 440 M 20*« UMilOc 131 -9 04 Ml 131 131 IM UH 43
      873 words
    • 201 14 «NM Capital 5,785,000 aid 15c 2,866,000 |Tai25c 2^17,000 IfC Corpn 5c 2.490,000 *RHBCapft99 2,344,000 «CM20c 2.W.000 •Mipidlkn 1,*****0 *11 Resources 1,*****0 tmrfac20c *****00 AH»F»<tfr»p .*****00 Ml SM Foreign M.H3400 DtS Foreign W.*****8 SingTel 15c 8,965*6 SM Foreign 6,*****8 Wng Tai 25c 4,804,359 0U8 Foreign 440.737 H
      201 words
    • Article, Illustration
      58 14  -  by Shiv Taneja DBS FOREIGN closed unchanged yesterday at 514.40 on a volume of 796,000 shares compared with its lOday traded average of over L 2 million units. In the near term, the counter will trade sideways with a positive bias. There is more upside in the medium
      58 words
    • 667 14  -  STOCK MARKET OOMMHWTAKT Players focus en news gfrvt will revise W growth forecast downwards; sentiment also hit by steep ringgitfall By R Sivanithy [SINGAPORE] Without the benefit of window-dressing activity to prop up share prices, the local stock market yesterday kicked
      667 words
    • OM THE GRAPEVINE
      • 115 14 IT APPEARS that Axa Insurance Singapore —the recently-merged outfit between two big French companies, Axa and UAP (Union des Assurances de Paris)—is ruled by the Tan dynasty. Out of the four key executives in the company, three have the surname of Tan. They are Anthony
        115 words
      • 31 14 WE TRIED to call Jones Lang Wootton yesterday but got a recorded message that the entire office was closed due to the New Year season! Lucky people, some.
        31 words
      • 90 14 WITH the regional equity markets in a shambles, several unit trusts slated tor launch in the aariy part of this year have been put off. The latest to be shelved is one by DBS Asset Pund managers are constantly tussling with the ieeue of timing
        90 words
      • 54 14 MEANWHILE, Citibank said yeettrdey that it was launching its first eqpftyftmd tor the year Details will be announced next week but the fund will inveet in European equities. This fund wasslatsdtrlamicha couple months ago but was held back because, among other reasons, it was thought that market
        54 words
      • 65 14 HEIJMs at hand for bankers, tfoskbrokers and private bankers who want to know when Qoek Long Chan, the reclusive Malaysian tycoon at ths helm of ths sprawling Hong Leong group,is taagood mood for a business deal. According to cm staffer, Mr Quak Is usuaßy in a genial stats of
        65 words
  • Page 7 Advertisements
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      23 words
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      69 words


  • Page 9 Advertisements
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      37 words

  • Page 10 Advertisements
    • 113 10 ♦The Thai, Sooth Korean, Taiwan, China and New Zealand stock markets were closed yesterday. With your new status as a I I. Sav public-listed company, a new era I llj I has begun. Start it right with a I 1 \i I JII thank-you ad to your I 1 to
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  • Page 14 Advertisements
    • 320 14 HUSIMKS* B Notices To advertise call toll-free 1800-*****83 IN THE MATTER OF THE COMPANIES ACT.CAPJO AND IN THE MATTER OF YUAN CHANG GE ANTIQUE PTE LTD (In Member*' Votantary I twMiUnn) Mem vfes;iH; ury At an general meeting of the memoers of the above-named Company duly convened and held atlO,
      320 words
    • 284 14 IN THE MATTER OF THE COMPANIES ACT.CAP.SR AND IN THE MATTER OF NEO ORCHID PTE LTD (In Members' Vataatary i ifMiiM) Members'. Voluntary At an extraordinary general meeting of the memoers of the above-named Company duly convened and held afltt Jalan Besar, #06-02, Sim Lim Tower, Singapore *****7 on 30TH
      284 words
    • 405 14 IN THE MATTES OF TV COMPANIES ACT, CAP. 58 AND M THE MATTES OF J.V.MVESTMENT INTL PTE LTD (to M— in "J MplMI NOTICE or SPECIAL AND OKDMAEY BESOLtmON (Fimm k> Section 290(2Mb) Al aa Extraordinary General Meeting of fee Coapany held on 26t0 Dec caber 1997 al 161-13 Sri
      405 words
    • 428 14 IN THE MATTES OF THE COMPANIES ACT. CAP. SO AND IN THE MATTES OF ■ETALAND MARKETING (S) PTE LTD (la Muubui' Votoatary I iipsidahia) NOTICE OF SPECIAL AND ORDtNAItY RESOLUTION (Parana to Section 290(2Kb) At m lewdba) General Meeting of the Company heic! on 31 a December 1997 al 315
      428 words
    • 631 14 TNI Mm IP INI COOMMES ACT, CAP. M AM THE ■WTCTOF MjUUJWI CAWWTTt LTI At an Extraordinary General Meeting of the Company didy convened and held at 20 Maxwell Road #06-03 Singapore *****3 on 30 OacamOor 1187. the foAowing ihoMom iw tody passed' SKOAL RESOLUTION MM UP Tl* Aaato* Cental
      631 words
    • 56 14 Buy It. Sell It. Find It. Classified, ft# CATS. Call Today For Results Tomorrow. 1800-737-1166 BUy it SELL FINDif Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. i• n f«i
      56 words
    • 342 14 r THE COMP AMES ACT 1 CHAPTER SO SECTION 290(2)(b) Monctof nwftumow VOLUNTARY LJOUOATION) At an Extraordtoary General Mealing of ConnaugM Invaatoi* Pte Limited hato at 78 Shenton Way. #13-03, Singapore *****0, on N 24« i day of Dacambar 1997, tha following special taaokittona war* duly paaaad:RE9CXVED: 1. Thai 9m
      342 words
    • 335 14 THE COMPANKS ACT CHAPTER 90 '"SECTION 299(2)0) NOTtMOFMSOUfTWN rEstEsisxr VOLUNTARY LJQUDATION) At an Extraordinary General Madog of JafdkM Matheeon liueelineias (Sou* Eaat Aria) Linried held ri 78 Shanton Way. •13-03, *****0, on Vie 24Videy of December IVS7, Vm foVowing speari raeoiuVone war* duly peaeed:RESOLVED: 1. Thri Vie company ba wound
      335 words
    • 320 14 THE COMMiIMSV ACT CHAPTER 99 SECTKMMmm NOTICS OF MSOUMTIOM vouintarTuqudation) At an Extraordbiary Oanarri Meeting of JanVne SanrNands (Singapore) Pto Unried haid at 78 Shanton Way, *13-03, Singapore *****0, on Vie MSt day of December 1997, Vie ware duly pasaad:RESOLVED 1. That Via company be wound up voluntarily and that
      320 words

  • EXECUTIVE Lifestyle
    • 1373 15  -  If s not going to be plain sailing for you in 1998 if you've been spending recklessly and are now saddled with multiple loans. But all is not lost Financial experts tell wsura*how you can still keep your head above water TAN
      1,373 words
    • STRAWS In The Wind
      • 47 15 THERE are many misconceptions about how a newsroom is run but this one probably takes the cake: a reporter from The Business Times' sister publication, Singapore Business, recently received a magazine from Rolls Royce addressed to "The First Secretary of Aviation and Defence, Singapore Business".
        47 words
      • 67 15 SOMEONE with a sharp eye took a closer look at the logo of the Land Transport Authority and figured those responsible for the design might want to rework it. The simple logo shows a big loop like a road going round in circles. Does that give a clue
        67 words
      • 40 15 WHILE most companies provide waiting callers with soft music, Micro- soft obviously thinks that's an opportunity to do some marketing. A caller was recently subjected to a softsell about Office 97 and given the address of its website.
        40 words
      • 31 15 HERE'S another chicken joke arising from the poultry slaughter that took place recently in Hongkong: Why did the chicken cross the road? Answer: There aren't any chickens in Hongkong.
        31 words
    • LEISURE
      • 762 16  -  VIEWPOINT Go on, make tkoee New Year resolutions, even if yon're not sore yen can keep them. It's better than net trying at all, or giving op before you've even started By, Jaime Ee I AM so not ready for
        762 words
      • 1202 16  -  Deepak Chopra, best-selling teacher of infinite possibilities, tells Singapore CEOs about a cosmic conspiracy of improbabilities, as uuuuiih jakbb listens in KENNETH JAMES HE BREEZ&S into town unheralded in early December, his only substantial appointment a closed-door dinner talk to a handpicked handful of Singapore-based CEOs. Before
        FILE PHOTO  -  1,202 words
      • 910 16  -  BOOKS StatudkigUy personal books iifliMM>«J hy ffjfuf and history were the best-sellers of IW7 By, Jackie Wullschlager FT DAVA Sobel's Longitude (Fourth Estate) was Britain's best-seller of 1997, spending every week in the Top 10 charts and selling 350,000 copies. The story of an obscure 18th-century
        FT  -  910 words
    • ART
      • 1441 17  -  Minimal and serene, each work by Toko Shinoda has a simplicity that belies the complexity of its preparation, says buhcdmbob BEN MUNROE SINGAPORE art lovers once again have the chance to see original works by Japanese artist Toko Shinoda, whose exhibition from October to December last
        1,441 words
      • Article, Illustration
        620 17 BIOGRAPHICAL NOTES ***** Born in Dalren, Manchuria, on Mar 28. ]H4i Moves to Tokyo. 1919-30 c Studies traditional calligraphy and Japanese waka poetry. 1980 i Begins to teach calligraphy. 1047s Begins producing abstract work. 1900 i Departs for US, settles in New York. 190 ft Returns to Japan.
        620 words
    • 820 18  -  TELEVISION Prognosis negative: the show's over. And Seinfeld fans can do little more than air their grievances at Jerry's favourite diner By 1 Esther B Fein NYT THEY came to 112 th Street and Broadway to mourn the passing of a great icon of the '90s,
      NYT  -  820 words
    • 911 18  -  CINEMA 1998 opens without fanfare with three mediocre offerings Afterglow, Switchback and Money Talks. They all have pretty impressive casts, and little else going for them By\ Susan Tsang THREE films open this week. Each boasts some impressive stars in their line-ups, but if you're
      911 words
    • 283 19  -  U NIGHTSPOT By A Surendren THERE'S a new face at Holland Village and it's Brazilian. Opened in early December, the Bossa Nova is nicely positioned at the junction of Lorong Mambong and Lorong Liput which, hopefully, will catch the crowds. Decked out in shades of red, ochre and
      ARTHUR LEE  -  283 words
    • Article, Illustration
      379 19  -  Compiled by M Yasotha MUSIC Symphony Horn* The National University of Singapore Symphony Orchestra will present a lunch-time programme which includes Strauss' Gypsy Baron Overture, Vivaldi's 'Summer'for Violin A String Orchestra, Schubert's Polonaise for Violin Orchestra, and Brahms' Hungarian Dances Nos 5, 6 7. Conducted by Lim Soon
      379 words
    • EPICURE
      • 1039 20  -  When you're at Stuart Anderson's Black Angus, youll find it easy to believe that the West was won by a bunch of tough guys who also knew how to cook themselves a good meaL tax in tbh samples its hearty menu TAN SU YEN MM F JOHN WAYNE
        PHOTOS BY ARTHUR LEE  -  1,039 words
      • 649 20  -  RESTAURANT CUDiPitfat Kim Tianßoad tries to recreate the laid-back Peraiakaa ambience fwini in East Ceast outlets Byi Corinne Kerk CHILLI PADI may be located at Kim Tian Road, but the restaurant sure looks like it wished it was someplace else In the Katong area, to be precise.
        SIEW YAW HOONG  -  649 words
      • 955 20  -  DESSERTS Paltry chefs ii New York now have their own mens, and are making dessert the most competitive game in town By William Grimes NYT FOR Antonin Careme, the great 19th century chef, pastry was a branch of architecture, and one of the crowning
        NYT  -  955 words
    • Article, Illustration
      818 21 Afterglow. Julie Christie is married to philandering repairman Nick Nolte. He goes to fix the apartment of Johnny Lee Miller, whose marriage is in trouble, and chats up the wife, Lara Flynn Boyle. Their spouses track them to a hotel, meet each other, and start flirting... R(A). Lido, Oriental.
      818 words
    • 105 21 Cathay3sLao Eastshore 346-1816 Orchard 236-8386 Picturebouae 338-3400 Yangtze 223-7629 Empress 777-6867 Jubilee 464-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 686-1782 Beo6k Bishan 363-8886 Boon Lay 792-2788 Broadway 464-9394 Majestic 633-9032 Marina 337-9488 Pavilion 786-6788 Tampines 8 796-6788 Tkmgßahru 274-6688 Ylshun 267-7848 Clement" Cwwdth" 777-0669 Goldenfriew Town 298-6466 N*Crown
      105 words
    • TRAVEL
      • 997 22  -  There's no better time to visit Aries in the South of France than in high summer, when the light that drew the Dutch artist there is at its best But brace yourself for some sizzling temperatures, warns Mirauan rum MAGDALENE PHANG THE brilliant light
        PHOTOS OF ARLES AND PONT DU GARD BY MAGDALENE PHANG  -  997 words
      • 477 22 >• RLES, in the middle of the tAB Bouchesdu Rhone, makes an IB excellent base camp for trips to other parts of Provence. The town is a jumping-off joint for nature k>vers who want to feature into the Camargue—a flat fharshy lowland at the point
        477 words
      • Article, Illustration
        555 22 Getting there 4 There are no direct flights from > Singapore to Aries. The best solution is to fly Air France, which can then connect you on domestic flight to the Nimes-Aries airport. Otherwise, from' Paris, catch a high-speed TGV train from Charles de Gaulle Airport or
        555 words
  • Page 15 Advertisements



  • Page 18 Advertisements
    • 191 18 m I f f' V r Wff r >j|cy3.nt%l^'%~C" .■%,>;;■«,{ J I 1 j 7 1 I rf-•'' —-^J 41* '/.'fr^*O f v* v**.^VV^*^»A\Vii* 1 i 1 1 *"^\'."CL*?*~ jr r\ 1 '»y ~i > s "3B& j j( V, "^y• '< V «I' iV «f mgKm\4*ii y* »~**-V&».i 1
      191 words
    • 165 18 Where to wine, dim Vhat better way to oelelsrate a great wet than Sunday Brunch at The Cab-io-lWhJi? Enjogr the (inert branch and aarvioe at oaijr $28* par aduk (only $14" (or the Wde). Then toast your food fortune vith Gold Sett Champagne, aack glaa> glittering with real flaLi of
      165 words
    • 77 18 r~Ma I BMi Theme R European coun ambience Your table is n you explore oui of Asian 4 Wei No messy, und Pay only when Major credit ca Market Sqii 176 Orchard F #05-09/10 Cen I Singapore 238 Tel: 734 2613 Enjoy the with traditk festive celel Turkey, Ret Posts
      77 words

  • Page 19 Advertisements
    • 160 19 Where to wine, dine and entertain^.W What better way to celebrate a great week than Sunday Brunch at The Cafe-in-Th»- FVrt? Enjoy the fineet brunch anil •ervice at only $28" pet aduk (only $14* (or the bids). Then toast your good fortune with Gold Sett Champagne, each glass glittering with
      160 words
    • 225 19 Marif^iiMre RESTAURANT PMMF* WINE CELLM Theme Restaurant Foodcoukt European countryside f ambience i Your table is reserved while I A*d |JJ j you explore our wide variety I j| J of Asian Western favourites y R J •No messy, uncleared tables j YfJjji j Pay only when you leave i
      225 words
    • 174 19 I The only buffet lunch with a feast of Italian Chinese favourites j from just $14-50++ (Spread the word') I 41 Opening houri from ll.JOam to 12.30 am |A Buffet lunch available from 11.30 am to 2.30pm nl At Royal Crowne Plata. 25 Scotti Road. 41 I J Singapore *****0.
      174 words
    • 175 19 CALL 330 3585 OR 330 3590 FOR RESERVATIONS q*goN 76 Bras Bauh Road, Singapore *****8 Web Site http://wwwxsirlton.coni.ig E-mail: RestaurantsQCarlton.com.sg In Unwind at Parrots where a scrumptious high IBS DlWrn l|kcMl pfTptffu WVUI M CfKMCCSt npufitnls await you. j wl™ 11 SwTWS dnu MVOUTIO IKc SaßllOn j M croquHtn, quiches,
      175 words
    • 174 19 llrasp =EJg tm ■r HF /J fctimf Y**r oelefr*tm AT MANDARIN SINGAPORE Savour traditional Chinese New Year favourites with us as we usher in the Year of the Tiger this Lunar New Year season Coil 831 6262 for more details. i i ZL 113 Orchard Road. Singapore 21M67.1U *****11 JT
      174 words


  • Page 21 Miscellaneous
    • 2039 21 TODAY'S TV wmmm—mm—mmmmmmmmmmmmmmmm—mmmm 4.00 Ya Allf (r). RECOMmhihiED tibWDIO I iao Train Sesame. T nvp ic Vegas, but finds romance. SK!J2ESSL Sva" d h Her Bushb by H>I e IS. aSmo needs a shirt SKffSr v-rt-CtovKUM in the air when you have a wife? J Keanbom Karpom. Jerry Van Dyke,
      2,039 words