The Business Times, 10 January 1998

Microfilm: NL21067
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA(P) 110/12/97 Internet: http://wvrw.asial.com.sg/biztimes SINGAPORE WEEKEND EDITION, JANUARY 10-11,1998 85*
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  • Article
    MARKET SUMMARY
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  • Article
    FINANCE
    69 1 SUBURBS BATES ust St UBt. I.7V9 1 LI17 18M Ml litt 8.971 YEN m 0.7M 114* m uu 0J80 HKS 0.1 a 0338 BAHT MIS H«n ■JPIAH IN 8.0 IS 8.923 •Mo-tea* rata PIISB BATES SINGAPORE* 7.1$ KUALA LUMPUR JJ» JAKARTA l&M BANGKOK 112S mSmwa _1 TJffPL Mt sumnr........
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  • Article
    Clinton's support pulls Indonesia from brink
    981 1  -  Rnpiah recovers sharply to 8,000 against US$ after falling to below 11,000 From S N Vasuki in Jakarta INDONESIA pulled back from the precipice yesterday as America threw its weight behind the Jakarta government's efforts to defuse the country's economic crisis. Words of support
    981 words
  • Article, Illustration
    Lock icon Rupiah recovers 26% to hit 8,000
    178 1 [SINGAPORE] The Indonesian rupiah recovered a massive 26 per cent to end at 8,000 against the US dollar in Asian trading yesterday. Traders attributed the recovery to an announcement that President Clinton is considering an advance disbursement of the US$3 billion (555.3 billion) share
    Source: Dow Jones  -  178 words
  • Article
    Bank, property stocks sink 10% as foreign funds sell out
    608 1  -  By R Sivanithy [SINGAPORE] Bank and property stocks wilted by 10 per cent yesterday on heavy selling brought on by worries about Singapore banks' exposure to Indonesia and property firms' earnings in an environment of collapsing prices and rising interest
    608 words
  • Article
    Peregrine's future in doubt after failed crucial deal
    756 1  -  It coold become first nuyor broking victim of regional turmoil From Quak Hiang Whai in Hongkong THE future of Peregrine Investment Holdings was thrown in doubt yesterday after a crucial deal with insurer Zurich Center Investments (ZCI) for a much needed US$225
    756 words
  • Article, Illustration
    Lock icon Prime rate could hit 9% soon, say bank analysts
    361 1  -  Ever rising interbank rates keep np pressure as MAS defends Sings By i Clarissa Tan [SINGAPORE] The prime lending rate could hit 9 per cent soon in view of the sustained upward pressure on interbank rates, banking analysts said yesterday. Interbank
    Source:  -  361 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      109 1 DTSXDE HXPstargrts The Economic Development Board is "cautiously optimistic" and still hopes to maintain investments at 1997 levels, chairman Philip Yeo said yesterday, P|3 The local unit trust industry was battered with an average decline of 16%, but 1987 was one of the most important years for the industry, P|2
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      Page 1 Advertisements Column 2
      38 1 Markets in Turmoil, More reports, Pg 5 Tricky balancing act on Capitol Hill, Pg 4 COE for a Merc falls to J a mere $50 -no kidding! CkragMhilnM ■iniMmimm— wttkodbfrwi It's back to $43£80 Full report, Pg 3
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      Page 1 Advertisements Column 3
      18 1 Bank stock* sink deeper in panicky sell-off, Pg 7 Property index tiown 30 to 12-month low, Pg 7
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      Page 1 Advertisements Column 4
      194 1 New attraction at The Paramount Restaurant. 4U Come and experience the Volcanic Surprise today! "The Volcano"- our superlative seafood hot pot >H This popular dish is a do-it-yourself meal which is fun for the whole family or for W fj* groups of friends. "The Volcano" at The Paramount offers diners
      194 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL`S EYE
      • Article, Illustration
        BT Sentiment Index
        40 2 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, Deutsche-Morgan Grenfell, Fraser Securities, GK Goh, Kim Eng, Merrill Lynch, Phillip Securities and Indosuez WI Carr. Figures denote number of respondents
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      • Article
        ST Engineering
        162 2 ♦(Buy) Indosuez WI Carr Securities, Jan 8, $1.17 Despite ST Engineering's stunning out-performance over the past few months, we still believe there is further room for outperformance in the next 3-6 months. Why? Because this is probably the most defensive stock in the market, and in dire times
        162 words
      • Article
        Singapore Airlines
        124 2 ♦(Hold Local; Neutral Foreign) Fraser-AMMB Research, Jan 8, $7.65 (L); $10.60 (F) The deterioration in the Asian economies and the plunge in the currencies are likely to affect the performance of SIA in the medium term. In FY96, Asia accounted for as much as 44 per cent of
        124 words
      • Article
        Van der Horst
        106 2 +(Reduce) Kim Eng Securities, Jan 2, SO. 65 For the full year ended Sep 1997 net profits plunged 79 per cent from $52.6 million to $10.9 million, significantly below market expectation of $16.2 million. The results were affected by delays on three of its major projects and
        106 words
      • Article
        SmarTone Telecom
        116 2 ♦(Underperfonn) Salomon Smith Barney, Dec 29, HK$l4.BO In our view, with SmarTone selling at HK$l4.BO, and with any reasonable valuation placing the company's value in excess of HK$2O, the market seems to be pessimistic about its position in the Hongkong cellular market. SmarTone should be one of the
        116 words
      • Article, Illustration
        In My Opinion
        496 2 TOCK markets are meant to be lead inkJ dicators of their underlying economies. The precipitous collapse of the regional bourses through 1997 would imply that the Asian economies are headed for a major downturn in the coming 12-18 months. Certainly, there is no lack of evidence to
        496 words
    • Article
      A year that funds will want to forget
      571 2  -  But '97 also saw a lot of shackles removed for the future development of the industry and new avenues opening iq> to sell unit trusts Reports by Shiv Taneja [SINGAPORE] IN TANDEM with the rout of the regional markets last year, the
      571 words
    • Article
      Global bond funds come out tops in turmoil
      407 2 [SINGAPORE] In a year where regional equities were hammered, global and regional bond funds finally had a chance to strut their stuff clearly demonstrating the need for diversification across asset classes and sectors. According to data from UK fund monitor Micropal, three
      407 words
    • Article, Illustration
      Lock icon Meltdown week for rupiah, stocks
      504 2  -  EVE ON THE REGIOH: INDONESIA Broad consensus that Jakarta fails to address economic reform concerns By\ S N Vasuki THIS is the week that Indonesia lived dangerously. Financial markets gave a thumbsdown to the country's national budget, presented by President Suharto on Tuesday, and the
      FILE PHOTO  -  504 words
    • Article
      Unit trust performance ranking
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  • SINGAPORE AT HOME & ABROAD
    • Article
      EDB hopes to maintain 1998 investments after record year
      518 3  -  1997 ended with over $8 billion in manufacturing investments By] Ronnie Lim MANUFACTURING Investments this year are unlikely to exceed last year's expected new record of over $8 billion because of the regional turmoil. But the Economic Development Board is "cautiously
      518 words
    • Article, Illustration
      Mitsui Chemicals mulls over 2nd plant
      441 3  -  By Ronnie Lim MITSUI Chemicals will decide by May or June on an additional US$2OO million (***** million) investment in an upstream phenol plant here to feed its new US$66 million bis-phenol-A (BPA) plant. The ground-breaking ceremony for the new plant was held yesterday.
      441 words
    • Article
      Lack of data leads to over-reaction: Hng Kiang
      276 3  -  By Teh Hooi Ling IN THE absence of sufficient information, people will assume the worst and overreact, National Development Minister Lim Hng Kiang said last night in response to questions about the current financial crisis. "One of the problems with the present
      276 words
    • Article
      Big car COEs the highest priced this time round
      445 3  -  Premium soars to $43,880, from $50 last month By l Christopher Tan THE cheapest COE category last month became the most expensive this time round as buyers attracted by well-publi-cised "price cuts" flocked back to showrooms like homing pigeons. Their flight
      445 words
    • Article
      Lock icon Silk Air jet lost part of tail before crashing
      323 3 The Straits Times [PALEMBANG] Crash investigators acknowledged yesterday that the Silk Air jet lost part of its tail before it nosedived into the Musi River. Six pieces, including the horizontal stabilisers which control the plane's up-and-down movement, were found on land
      The Straits Times  -  323 words
    • Article
      Corrections & clarifications
      45 3 Corrections clarifications TICKETS for the musical Joseph and the Amazing Technicolour Dreamcoat for the period Feb 24 to April 12 are available for sale as of yesterday at all Sistic outlets, and not from Jan 23 as previously reported. We are sorry for the error.
      45 words
    • Article
      BIL queried after MD's death
      285 3  -  By. Frances Lui THE Monetary Authority of Singapore is querying Banque Du Luxembourg Asia (BIL) about its operations following the sudden death of the bank's managing director. The body of Jean Claude Hirtt, 40, was found at Shan-gri-La Hotel's Garden Wing on Thursday. He is
      285 words
    • Article
      Lock icon High Court acquits ex-GIC manager of graft
      398 3 The Straits Times THE High Court yesterday acquitted a former Government of Singapore Investment Corporation manager who was convicted last May of taking bribes of nearly $2.4 million. Overturning a lower court decision, Justice M Karthigesu said a section of the Prevention of
      The Straits Times  -  398 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      22 3 Invest in Education! w work and in life! Invest in SKY TUTOR! ?=r(Level 4 Bras Basah Room), the complete multimedia learning programme
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      Page 3 Advertisements Column 2
      68 3 FAA team to inspect Boeing plants, Pg 6 ANNOUNCEMENT Discovery Channel And Sony's Boys Toys Lucky Draw Discovery Channel congratulates the following winners: Grand Prize winner of a trips Mr Kandavel of Singapore 7 Consolation Prize winners: Tan Cheng Moy Eng of Singapore Thanases Larpprascrt ofThailand Edward Woo of Singapore
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      154 3 CBYPTIC CROSSWORD a sticker 27 Business attracting a interest (5) 28 Clever in acquiring informa- complaints in a simple fash- *BRBDUTS SOLUTION tion on unpaid debts (9) on Malrldßblllulelplelnlcli 111 DOWN 16 Uses rare broadcast to re- laißitPbeM^iMbrlB r a| 1 Woo none in short! (5) store confidence (8) 2
      154 words
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  • MARKETS IN TURMOIL
    • Article, Illustration
      Lock icon Tricky balancing act on Capitol Hill
      1615 4  -  With the US Congress expected to assail the US-led IMF bailouts, the East Asian crisis is becoming a headache for President Clinton, writes Washington correspondent Leon Hadar Leon Hadar WITH the end of the Christmas break and US lawmakers returning to Washington, President Clinton
      REUTERS  -  1,615 words
    • Article, Illustration
      Lock icon Tarrin to meet top S'pore bankers
      577 5  -  Finance Minister to mrplain TTmilaml'g position after farther SAP downgrade By Conrad Raj [SINGAPORE] Thai Finance Minister Tarrin Nimmanahaeminda will be in Singapore today to discuss regional matters and explain his country's position to bankers here, in the wake of a further downgrading of
      REUTERS  -  577 words
    • Article
      HK banks raise rates by 0.75 percentage pts
      338 5  -  Move triggers fears of another severe blow to stockmarket From* Quak Hiang Whai in Hongkong REACTING to rising interbank rates, banks in Hongkong raised interest rates by a higher-than-expected 0.75 percentage points, triggering fears the market may extend the heavy losses already
      338 words
    • IN Brief
      • Article
        Lock icon Fed may be shifting stance on rates
        91 5 Reuters [WASHINGTON] US Federal Reserve governor Laurence Meyer said on Thursday the central bank should keep open the option of cutting Interest rates if Asia's financial crisis deals an unexpectedly hard blow to the economy. In a sign that the Fed may be
        Reuters  -  91 words
      • Article
        Lock icon Almost 60% of Indon debt is short-term
        70 5 Reuters [ZURICH] Almost 60 per cent of Indonesia's debt to major international banks Is short-term, slightly below the Asian average of 62 per cent, figures from the Bank for International Settlements (BIS) show. By the end of June last year, Indonesia owed US$5B.7
        Reuters  -  70 words
      • Article
        Lock icon BOT tightens currency trading rules
        52 5 AFP [BANGKOK] Thailand's central bank yesterday tightened rules on currency trading to try to stamp out speculation against the baht which has crippled the embattled unit. The Bank of Thailand will temporarily revoke the currency trading licences of banks and financial institutions found violating the
        AFP  -  52 words
    • Article
      Lock icon World Bank denies disagreement with IMF over Asian bailouts
      553 5 Statement comes after bank's chief economist criticises IMF terms Bloomberg [WASHINGTON] The World Bank, disputing the quoted comments of its own chief economist, said on Thursday that it has "no disagreement" with the way the International Monetary Fund is handling the
      Bloomberg  -  553 words
    • Article, Illustration
      Dr M expects modest economic recovery in 6-12 months
      392 5  -  Anwar seeks talks with Camdessus trat roles out seeking aid By\ Meera Tharmaratnam in Kuala Lumpur MALAYSIA'S leaders provided further assurances on the country's economic health yesterday, as the stock market and currency faced renewed pressure in the wake of Indonesia's
      392 words
    • Article
      Lock icon Markets whisper 'moratorium' as Indonesia teeters
      366 5 'What's the downside when yon can't pay back anyway,'asks one analyst Reuters [SINGAPORE] Financial markets became more convinced yesterday that Indonesia will be unable to prevent calling a moratorium on its huge mountain of public and private debt. "Most (Indonesian) companies are unable to
      Reuters  -  366 words
    • Article
      Lock icon Global banks agree on 90-day rollover for South Korean debt
      472 5 Reuters AFX-Asia Bloomberg [NEW YORK] A meeting of global lenders attended by officials of the International Monetary Fund and South Korea on Thursday represented a significant advance in the Korean debt crisis when the participating financial institutions for the first
      Reuters; AFX-Asia; Bloomberg  -  472 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      179 4 Announcing: a new semester at the California State University program for College students living in Singapore Enrolling^ Students who have completed High School may at th© Coll©g6 CcimpUS J now enroll at the OFS College in Singapore to do HGrG NOW the first two years of a California State University
      179 words
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      Page 4 Advertisements Column 2
      9 4 1005 c L a warns! 1 mm B' I
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  • REGION/WORLD
    • Article
      Lock icon US adds larger than expected 370,000 jobs in December
      485 6 WASHINGTON Economy creates biggest number of jobs in 3 years during 1997 in all sectors Bloomberg THE US added a larger-than-expected 370,000 jobs in December as the economy created the largest number of jobs in three years during 1997. Gains were
      Bloomberg  -  485 words
    • Article
      Lock icon M'sian records RM700m trade surplus for Nov
      347 6 KUALA LUMPUR Weak ringgit contributes to better than expected data Bloomberg MALAYSIA posted a bigger-than-expected trade surplus of 700 million Malaysian ringgit (*****.5 million) in November, swinging from a trade deficit a month earlier, as the weak ringgit boosted exports, said state news
      Bloomberg  -  347 words
    • Article
      Lock icon HK to hold 1998's first land auction next week
      364 6 HONGKONG Reuters THE Hongkong government is due to hold its first land auction of 1998 next week amid drastic slumps in the property and stock markets that should make for a quiet launch of this year's large land sale programme. Two
      Reuters  -  364 words
    • Article, Illustration
      Lock icon Frozen signals
      58 6 [MONTREAL] A young boy jumping to grab an icicle off a traffic signal bent over by the weight of ice here on Thursday. The city of Montreal and many surrounding regions have declared a state of emergency and over a million Quebec households and businesses are without power
      REUTERS  -  58 words
    • Article
      Lock icon FAA team to inspect Boeing plants
      253 6 WASHINGTON Special quality inspection team to be sent oat on Monday Reuters THE US Federal Aviation Administration announced yesterday it is sending a special quality inspection team to Boeing plants after the agency ordered checks on some of the company's aircraft. "We're sending a
      Reuters  -  253 words
    • Article
      Foreign investments in HK slowing: official
      540 6  -  But govt won't turn to direct incentives to attract investors From Loh Hui Yin in Hongkong A FEW foreign companies have postponed or cancelled their plans to invest in Hongkong's manufacturing sector as a result of the regional currency crisis. "After a satisfactory, seamless
      540 words
    • Article
      Lock icon Lien Chan's visit a social one, says Jaya
      123 6 SINGAPORE The Straits Times FOREIGN Minister S Jayakumar yesterday described the recent visit here of Taiwanese Vice-President Lien Chan as a "social visit conducted in a private and unofficial manner, and within the context of Singapore's 'one-China' framework". He was replying to
      The Straits Times  -  123 words
    • Article, Illustration
      Lock icon Jospin sets lb franc fund to end protests
      373 6 PARIS Reuters FRENCH Prime Minister Lionel Jospin yesterday announced a one billion franc (Ss29l million) emergency fund to try to end a three-week-old campaign of protests by unemployed people. Faced with his first serious crisis in seven months of power, Mr Jospin
      Reuters; REUTERS  -  373 words
    • Article
      Lock icon China invites Taiwan mayors to visit
      281 6 BEIJING AFP CHINA has extended a formal invitation to Taiwan's newly elected mayors and county magistrates to visit the mainland, the official China Daily reported yesterday. The offer an olive branch to victorious pro-inde-pendence politicians was announced by the semi-offi-cial Association for Relations Across
      AFP  -  281 words
    • Article
      Lock icon UK bosses earning 16 times more than staff
      145 6 LONDON AFP BRITAIN'S company directors are raking in salaries up to 16 times higher than their staff, the Trades Union Congress said in a report yesterday. In a study of 362 companies comparing salaries in 1994 with those in 1997, the TUC
      AFP  -  145 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      26 6 DOOWi&BPRY By Garry Trudeau WAS i AMP§\7 j<JH£F£ICAA4£OFASS, X TO SAYI I Pt&THA,HA! 0 RECALL- SAHMexeiMAoe M BtE« ML.1~.1~ KZ??tZf f YOU J "/0 j "j/^
      26 words
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  • COMPANIES & MARKETS
    • Article
      Bank stocks sink deeper in Day 2 of panicky sell-off
      606 7  -  BLOODLETTING OM THE BOURSE Overnight sell orders from offshore funds keep the bears going By' Ven Sreenivasan [SINGAPORE] Bank stocks yesterday tumbled to new depths in a sentiment-driven session which saw the local banks' lack of transparency surfacing as a
      606 words
    • Article, Illustration
      Lock icon SembCorp expects lower gains in 1998
      479 7  -  By) Ronnie Lim [SINGAPORE] Sembawang Corp (SembCorp) expects lower earnings for 1998 due to higher cost of funds, chairman Philip Yeo said yesterday. "Earnings have to come down for the simple reason that the cost of money has gone up," he told newsmen after
      FILE PHOTO  -  479 words
    • Article
      SingTel's feat hard to beat for fixed-line licence winners
      625 7  -  HOCK LOCK SIEW David Boey PEARLY smiles, high spirits and circus-like theatrics accompanied the submission of bids last week by three consortia for new fixed-line telephone licences from the Telecommunication Authority of Singapore (TAS). It was serious business, though, with one
      625 words
    • Article
      Property index down 30% in a week
      261 7  -  *y Diana Oon [SINGAPORE) Property stocks came under intense selling pressure once more yesterday, enveloped by the overall gloom of the regional currency and stock crisis. All counters that were traded closed lower. The index ended the week at 269.38 points, having fallen
      261 words
    • Article
      Nat Steel falls 7.4% despite briefing on fundamentals
      423 7  -  Drop comes amid STll's 94-ptplunge; investors worried over profit warning By. Annette Pau [SINGAPORE] Nat Steel's bid to reassure the market of its fundamentals was ignored yesterday with its stock plummetting some 7.4 per cent yesterday in line with a 94-point fall
      423 words
    • REGIONAL COMPANIES
      • Article
        Lock icon UEM may sell stake in parent Renong, avoid offer
        397 8 Bloomberg [KUALA LUMPUR] United Engineers Malaysia Bhd (UEM) is expected to announce as early as this weekend that it may sell a 32.6 per cent stake in parent Renong Bhd to a third party, a person involved in the plan said.
        Bloomberg  -  397 words
      • Article, Illustration
        Lock icon Singapore shipyards still in troubled waters
        506 8 Lower Sings offers little comfort in industry plagued by overcapacity Bloomberg [SINGAPORE! For Jurong Shipyard, Keppel Marine Industries and other Singapore shipping companies, the 18 per cent tumble in the Singapore dollar against the US dollar in the past six months is a help.
        Bloomberg; FILE PHOTO  -  506 words
      • Article, Illustration
        Lock icon Osprey plans to cut Indonesian exposure
        385 8  -  Firm says its energy transportation business unscathed By. Abdul Hadhi [SINGAPORE] Shipping firm Osprey Maritime plans to reduce its exposure to Indonesia even further amid the economic turmoil there. Chief financial officer Roger Bartlett yesterday said: "Part of our strategy is to even further
        Source: Bloomberg  -  385 words
      • Article
        Ho Wah in new deal for Tempo assets
        250 8  -  By i Diana Oon [SINGAPORE] Sesdaq-listed Ho Wah Genting International yesterday said it has signed a new agreement to buy assets of Malaysian company Tempo Electric for 4.6 million Malaysian ringgit (SSI.7 million). Ho Wah subsidiary Ho Wah Genting Electric Sdn Bhd
        250 words
      • Article
        Lock icon Ka Wah Bank to buy unit from parent Citic
        171 8 AFP [HONGKONG] Hongkongbased Ka Wah Bank Ltd intends to acquire the financial services businesses owned by its controlling shareholder, Beijing's investment vehicle China International Trust and Investment Corp (Citic), a senior company source said yesterday. The source told AFX-Asia, that among
        AFP  -  171 words
      • Article
        Lock icon Jollibee sees '97 net down 45% on peso's sharp fall
        391 8 AFX-Asia [MANILA] Jollibee Foods Corp expects 1997 net profit to fall 45 per cent to 332 million pesos (5513.2 million), well short of its target of 668 million due to the peso's sharp depreciation, vice-president for finance Rufino dela Rosa
        AFX-Asia  -  391 words
      • Article
        Lock icon KLM, MAS studying tie-up for SE Asia, Europe routes
        305 8 Bloomberg [AMSTELVEEN, Netherlands] KLM Royal Dutch Airlines NV said it signed a memorandum of understanding with Malaysian Airline System Bhd to study an alliance to step up services between South-east Asia and Europe. The memorandum was signed just before Christmas and
        Bloomberg  -  305 words
      • COMPANY Briefs
        • Article
          CDL Hotels appoints CEO for M&C Hotels
          87 8 [SINGAPORE] CDL Hotels International has announced the appointment of John Wilson as chief executive officer of subsidiary, Millennium Copthorne Hotels pic, from Jan 12. Mr Wilson was formerly chief operating officer and senior executive vice-president of Hilton International. John O'Shea, managing director of
          87 words
        • Article
          Clipsal sets up Vietnam unit
          112 8 [SINGAPORE] Clipsal Industries Ltd has formed a 70 per cent-owned subsidiary in Vietnam to make electrical installation products like PVC fittings, flush plates, switches and sockets under the Clipsal brand for domestic and neighbouring markets. Some US$3.5 million (556.2 million) in the form of rights
          112 words
        • Article
          Lock icon Westmont files police reports
          95 8 Reuters [KUALA LUMPUR] Westmont Industries Bhd said yesterday it has filed police reports against a number of former directors linked to "irregular transactions" on its power barge projects. "After consulting and upon receiving legal advice from the company's solicitors, the board of directors has filed two
          Reuters  -  95 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Motorola to boost China investment to US$2.5b by 2000
        201 9 Reuters [BEIJING] Motorola Inc plans to increase its investment in China to US$2.5 billion (554.4 billion) from US$l.2 billion by the year 2000, Xinhua news agency said on Thursday. Motorola has poured US$l.2 billion into a production centre in the northern
        Reuters  -  201 words
      • Article, Illustration
        Lock icon AT&T to buy Teleport for US$l3b in stock, debt
        449 9 It is the former's biggpst move into the USsloob-&-ye&rIJS local phone market Bloomberg [NEW YORK) AT&T Corp agreed to buy Teleport Communications Group Inc for US$l2.9 billion (5522.7 billion) in stock and assumed debt, galvanising its push into the US local
        Bloomberg; FILE PHOTO  -  449 words
      • Article
        Lock icon Deutsche latest prey of rumour mill
        180 9 Reuters [FRANKFURT] Deutsche Bank AG, Germany's biggest commercial bank, on Thursday became the latest victim of speculation in a market hungry for a big banking story as talk of a capital increase knocked the firm's shares down 6 per cent. Even when banking sources
        Reuters  -  180 words
      • Article
        Lock icon Windows 98 release to go ahead
        307 9 Bloomberg Reuters (WASHINGTON] Microsoft Corp doesn't have a plan for revising Windows 96 in case a federal judge orders the company to make changes in the soon-to-be-released personal computer operating system, a top company official said. Bob Herbold, Microsoft's chief operating officer, said the
        Bloomberg; Reuters  -  307 words
      • Article
        Lock icon Seagate shares down 6.7% after big Q2 loss warning
        329 9 Firm dies steep price declines for expected tumble in earnmp Bloomberg [SCOTTS VALLEY, California] Seagate Technology Inc shares fell 6.7 per cent after the computer disk-drive maker warned of a "substantial" fiscal second-quarter loss from operations because of steep price declines.
        Bloomberg  -  329 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        822 9 Vessel Voy No Berth Arrival Departure J»m Part CIUMMM 62H J12 alongsidt 10 01/1500 Fitna Jaya 4 J03 «ongsidt 09 OV2000 HI Kaptanog 01/98 J17 alongside 10 01/2 300 Hyderabad 172-Hw J15 alongsidt 10 01/0600 Wramoros 50 J2) Hongs-* 10.01/1500 KIM 01P98 JOT alongside 12.01/2300 lang Mas IT]
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      • Article
        CONTAINER SCHEDULES
        1540 9 RECEIVING OF EXPORT Fa CONTAINERS AM LCI CARGO Booklrxj/B«l«nct Rstls Ship Voy No Etb/Btr Porlod From To Fro* Acl»«vtr 005 12/1200 M 09/1500 09/1*59 09/1900 09/1500 OWN 09/IWC 2A 09/1700 10/0659 B/0900 21 09/T700 10/0*59 B/0900 1 10/0700 10/W9 B/MOO 4 10/1200 n/MW 10/1700 taMi MM 12/0700 H
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    • FINANCE & COMMODITIES
      • Article
        German specially insurer Tela to start S'pore branch
        334 10  -  It otto's reinsurance of electronics-related risks and will serve Asean, Indochina Soh Tiang Keng [SINGAPORE] Germany specialty insurer Tela Versicherung will set up a Singapore branch later this month to serve customers in Asean and the Indochina region. The Asia Insurance Review,
        334 words
      • Article
        Lock icon Bank regulators focus on supervision
        337 10 Global survey planned to assess progress in hanking mipmuMii Reuters [ZURICH] Global banking supervisors face a bulging agenda in the coming years with improved supervision in emerging economies the main challenge, the chairman of the Basle Committee on Banking Supervision said. Tom de Swaan said
        Reuters  -  337 words
      • Article, Illustration
        Lock icon US$ still on uptrend
        357 10 USS/mark: US$/mark rallied to 1.8380 on Wednesday before it eased to trade around the 1.8170 level early yesterday. The technical outlook remains bullish for the unit. Buying strategies are preferred on dips to the support levels at 1.8065 and then at 1.7950. Only a breach of
        Source:  -  357 words
      • Article
        Lock icon Credit Lyonnais Securities cuts pay
        237 10 Bloomberg {HONGKONG] Credit Lyonnais Securities (Asia) Ltd, one of Asia's biggest brokerages outside Japan, has cut staff salaries by as much as a fifth, conceding that tumbling regional markets eroded profits. The average cut was around 10 per cent, chief executive Gary Coull said yesterday.
        Bloomberg  -  237 words
      • Article
        Lock icon UBS fires derivatives head amid fears of bonus cuts
        289 10 FT [LONDON] Union Bank of Switzerland has dismissed its global head of fixed income, currency and derivatives amid signs that losses were so much larger than expected that 1997 staff bonuses in the investment banking operation may have to be slashed.
        FT  -  289 words
      • Article
        Lock icon Euroyen firm despite tax cut talk
        236 10 SBKBLReport Reuters (SINGAPORE] Simex Euroyen futures firmed yesterday despite reports quoting a senior ruling party official as saying Japan needed permanent tax cuts of two trillion yen. Jiji news agency quoted Yoshiro Mori, a senior Liberal Democratic Party official as saying Japan should consider
        Reuters  -  236 words
      • Article
        Futures fall as foreigners reduce holdings
        147 10 MS& TAIWAN FUTURES (SINGAPORE] The Simex MSCI Taiwan Stock Index futures fell yesterday as the bourse came under selling pressure from overseas investors, who again reduced their weightings in Asian markets due to currency concerns. After the January contract had extended its discount to
        147 words
      • Article
        Lock icon Trade in regional crude remains thin
        249 10 ENERGY REPORT Bridge News Reuters [SINGAPORE] Trading of Regional crudes remained thin but an equity producer was heard to have sold a Februaryloading Thai Erawan condensate cargo to a US major at a discount to the Indonesian Arun crude-related official selling price (OSP), traders
        Bridge News; Reuters  -  249 words
      • Article, Illustration
        Untitled
        1005 10 PTTBRBAMK CROSS RATES j an 9 M ~zJ: ssgjs CM* ION 5.013 9.443 4246 1269 5.422 27.7<9054iW7 0.921 12JM UBi UBMJN 3UM lAMI lflt9 23J97 37JM 1433 ITMw (Mm ojm ira OJD 0.730 Oit am 4.7« 9i« is Ltn ui «J» SJI U)I ig GR un ai mm un wm
        1,005 words
      • Article
        Lock icon CURRENCY REPORT
        264 10 AFP Reuters IrfMdon THE US dollar clawed back some ground by the European mid-session, but upcoming US payrolls data and the fear of concerted intervention provided too many unknowns for comfort, traders said. "The markets are nervous," said one trader. "Funds in the United States and Japan have
        AFP; Reuters  -  264 words
    • Article
      COMMODITY PRICES
      1615 11 8IC0M FUTURB8 jg„9 IUMCK (Mm ctoaiag m at 5.30pm) BS1C0NTIACT(S<«*Aa> Clost Vo*M Opan M— NljN Uw Sttt (tontt) hrtaraat Fa?* fOM til50 SIS) 50 575 Iter* 05.00 550 %98 ***** 117.25 1T7.25 300 3750 ***** 119.75 119.50 300 3750 *»98 125.00 ***** ***** 300 3750 MtSap 91 126.50
      1,615 words
    • Article
      Lock icon TOKYO
      1610 11 Bloomberg □Nikkei 228 -HJB JAPANESE stocks fell yesterday on concern Asia's economic turmoil would hurt Japanese banks and exporters. "For Japan, Asia is still the No 1 export market, and when Asia has financial problems, their imports will fall," said an analyst. "Banks have a credit risk lending to
      Bloomberg  -  1,610 words
    • Article
      WORLD STOCK MARKETS
      2158 11 LONDON Nm 3) Group 517.400 1.6001, *8 Port* 290 -8 Abbey Notion* 1097 -40 AIMed Domecq 522 -6 Amec 116 -1 *KU Croup 181.600 -.400 BAT Ind 571.400 -14 80 Pie 303 -2 BICC 167 3.400 BOCOroup 935 -42.400 BP Petroleum 780 -10 STR 180 -3.400 Ban*
      2,158 words
    • Article, Illustration
      Lock icon HONGKONG
      1562 12 AFP OH&ngSog -359.89 HONGKONG share prices fell 3.9 per cent to below the psychological 9,000-point level in volatile trade amid persistent fears over higher interest rates, dealers said. A dealer said trading was volatile because of concerns that the regional currency crisis would deepen, adding "because of it, buying
      AFP  -  1,562 words
    • Article, Illustration
      Lock icon CHINA
      625 12 Reuters n Shenzhen B Index -196 THE Shenzhen B share market ended lower yesterday as further declines on the Hongkong stock market triggered selling in large-cap issues. The B Index slid 3.96 points to 84.63, its lowest close in almost 18 months. Turnover was HK$26 million. "B shares are
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  625 words
    • Article
      Lock icon TAIPEI
      402 12 AFP QffP Index -4096 STOCKS fell yesterday as market sentiment was dampened by weakness in Hongkong and other Asian stock markets. A trader said a prediction by Merrill Lynch that the key index would fall to the 7,000point level in the short-term also hurt sentiment. The Weighted Price Index
      AFP  -  402 words
    • Article
      Lock icon WELLINGTON
      254 12 Reuters Wellington -38^3 SHARES closed 1.7 per cent weaker yesterday as concerns over Asian economies continued to dampen sentiment. The NZSE-40 Capital Index shed 38.63 points to end at 2,269.28, with market leader Telecom again leading the charge lower, losing 16 cents to NZ$7.B3. Reuters roooi ANZ Bmkir>9 11.40
      Reuters  -  254 words
    • Article, Illustration
      Lock icon BANGKOK
      840 12 AFP n SET Index -1050 SHARES fell 2.9 per cent yesterday to close at a 10-year low on a sell-off sparked by fears of a recapitalisation of the shattered banking sector. The baht also plunged as players snapped up US dollars ahead of an expected announcement by the financial
      AFP  -  840 words
    • Article
      Lock icon SEOUL
      425 12 AFP C 3 Composite Index -196 SHARE prices closed 2.4 per cent down yesterday on profittaking and slowed foreign interest amid the downturn in regional markets. Dealers said the overall weakness in Asian markets added to anxieties that Seoul may have been overbought in the past days. The Composite
      AFP  -  425 words
    • Article
      Lock icon SYDNEY
      595 12 AFP □AD Ordinaries -47.6 SHARES fell in harmony with Asian markets yesterday. Stocks with the greatest exposure to Asia were dealt the toughest punishment because of growing concerns over the prospects for South-east Asia's financial markets and the impact on their earnings. The All Ordinaries Index fell 47.6 points
      AFP  -  595 words
    • Article, Illustration
      Lock icon JAKARTA
      748 12 AFP Q Composite Index -4J4 SHARE prices closed 1.2 per cent lower yesterday in volatile trading with profit-taking wiping out early gains, dealers said. "Gains in the morning were lost to profit-taking the rest of the day; and weakened sentiment in the region did not help," a dealer said.
      AFP  -  748 words
    • Article
      Lock icon MANILA
      286 12 AFP Q Manila -137.85 SHARE prices plunged 8.3 per cent yesterday amid continued fears over the Asian currency crisis and governmentmandated wage rises. Analysts said the market was overcome by growing panic over the regional downturn compounded by domestic worries. The PSE Composite Index fell 137.85 points to close
      AFP  -  286 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Nov trade surplus fails to lift sentiment
        436 13 AFX-Asia Q Composite bdex -15J>6 SHARE prices closed lower yesterday in line with significant falls in regional markets while November's trade surplus failed to lift sentiment on the local market, dealers said. The KLSE Composite Index fell 15.56 points at 491.60. The Emas
        AFX-Asia  -  436 words
      • Article
        Untitled
        8103 13 Cmhmmt prefects t*M Last Vet Day Net Cap WN> Law Cltapsay Sale '000 Hm» Lew P/« tHI 210 200 AJtaomoto 200 US 84.3 90.5 73 Angkasa 77 1 24 77 73.5 18 1115 160 140 Apollo Food Htg 141 -10 9 150 140 4.1 56.4 225 190 BerlayaLand 200 -7
        8,103 words
    • WARRANTS & OPTIONS
      • Article
        Kim Hin wrt: stay away unless your penchant for risk is very high
        183 14  -  WARRANT WATCH -By R Sivanithy DEEP out-of-the-money warrants usually offer the best gearing at a price a high conversion premium. If they have a lot of time before expiry then it makes sense to go for these
        183 words
      • Article
        Untitled
        3556 14 1997AM Last Vol Ooy Loot Ouol A «g Htph Low StiM ComMoy ♦Of COOO) Hk,h Low Buyor Sollor Prteo 68 10 m 3000 m AMDS ci.5%*****6 K) ---*50 St a 3160 »Acor ******1 US$_ a -1 20 S 8 7.5 131 83 3164 Acmo ******4 9.8 -0.8 83 11 8.8
        3,556 words
    • Article
      CLOB INTERNATIONAL
      2194 14 Transaction Date Jan 9 mauvsun stocks Or Or IW7/M Last V* Day Laat Quota Dtv Otv VM Mat M Cap Hl» L— »tna Caagany Uf r000) HHIi Law Bwyar Mw CVr It W 478 29 msSOOO AIS850C 3t uneh 139 313 29 31 315 5.0 13 II Wi
      2,194 words
    • Article
      STOCK EXCHANGE OF SINGAPORE
      1197 15 *+> cm nim fT 8w «S TB 3 H Pr—rtlM 47J06 «.MO 5X44# BMW VOOJ tOOg < Plantation 1441 V44I **Z &IL -W li Hi -fiS ham ftflf TOTAl im i J" Hi 3 fl i 111 i I f ]1l •.ST" oo o Smb a
      1,197 words
    • Article
      MAIN BOARD
      3704 15 Transaction Date: Jan 9 Or Or M tR Va i tev LMt Oustt M* Mv YM MM Cm »H N 1997/90 if takr C*w WI |m Prtca Mqft L«« SM*» C»«W»»ny Sata COOP) Hlfh L— TT I,,,r 5 157 20.5 1020 ACC Dvn«ntcs60e 21 -1 101 22 20
      3,704 words
    • Article
      SESDAQ
      989 15 Or Or mm l**7/M LmI Vat Oar Last Onati W* M* VM N*t Cap Aaf H» U» WW C—mmr «a*a rooei m> t— fcfr Mk Cw W Wm SOMA 146 74 a 2000 AM HMgi St 100 *2 O 100 100 100 D2 U 10 0J tttt 443 103
      989 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        HOT STOCK
        54 16  -  by Shiv Taneja DBS LAND closed 29 cents lower at $1.56 on a volume of 19.03 million shares yesterday, compared with its 10~day traded average of 2.89 million units. Despite the counter being massively oversold, there is still more downside in the near term, according to the daily
        54 words
      • Article
        Untitled
        204 16 onto ra— UPP25c 21.690.000 DBS Land 19,037.000 Asia Food&Prop 17,418,000 WingTai 25c 13,714,000 ST Engg 10c 13,420,000 SingTel 15c 13,131,000 •MBf Capital 12,563,000 HKLandUSIOc 8,214,000 City Dev 50c 8,001,000 MS Foreign 7,789,000 IWb I OSS Foreign 83,892,126 SIA Foreign 68.216,266 0C8C Foreign 51,948,380 UOB Foreign 45.488.460 City Dev 50c 43,473,977
        204 words
      • Article, Illustration
        Selling of banks, properties sees STII at new 7-yr low
        686 16  -  STOCK MARKET COMMENTARY Local bourse experiences panic selling despite a relatively stable session in regional currencies By R Sivanithy [SINGAPORE] Despite a relatively stable session in regional currencies, panic selling of local bank and property stocks yesterday drove the local
        686 words
      • OH THE GRAPEVINE
        • Article, Illustration
          Still on the Diana bandwagon
          102 16 A TAIWANESE company has come out with quite possibly the worst commercial exploitation of the Diana myth. This company, Shopping Town Co, is selling a "golden portrait" (guaranteed 97.66 per cent purity) of Diana standing next to Mother Teresa. Shopping Town guarantees a limited edition
          102 words
        • Article
          CPF all
          78 16 THE first of a handflil of CPF-approved funds slated for launch this year was announced yesterday. OCBC Asset Management will launch its Savers Global Trust Fund on Monday which will invest in approved global martlets. Later this month, Rothschild Asset Management is expected to launch its first CPF-approved
          78 words
        • Article
          Helping out
          104 16 WHO says competitors don't help each other out, even if they didn't set out to. Templeton Asset Management (TAM) recently sent out mailers to its unit-holders trying to get them to sign up for a regular savings plan the firm recently instituted for its unit trusts. Along with
          104 words
        • Article
          Bad public relations
          113 16 NATSTEEL's public relations blitz with the press and analysts on Thursday received a less-than favourable response from the majority of local broking houses, for the simple reason they were not invited. Only Six houses were invited, of which four were foreign. "You call this a PR exercise?"
          113 words
        • Article
          Tailpiece
          42 16 LEO NG SZE HIAN, a personal financial consultant with more than 20 degrees and certifications to his name, has added another feather to his pretty crowded cap— the Honorary Consul of Jamaica to the Republic of Singapore, we were Informed yesterday.
          42 words
        • Article
          People who knead people
          47 16 A BROKER, when asked the whereabouts of his colleague, replied that he had gone for a massage. "I thought it is now a time for austerity," said the surprised caller. "Yes, it is. He has gone out to massage others," was the reply.
          47 words
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      Page 12 Advertisements Column 1
      66 12 tqld\ f The card we're V the computer I you this was a 1 f making for Susan j I advertised in 1/^7 deal. Yup, we got what V is going to be J Vjhe Straits TimesJ f Iwe wanted because real nice! f—Tfc—V Buvinfi or selliM throush Classified, The
      66 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      345 16 BUSINESS Notices To advertise call toll-free 1800-*****83 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 90 KOMATSUYA ASIA PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at 3rd Floor, Matsuura Bu**ng, No. 9-28.1-Chome, Kyutaromachi, Chuoku. Osaka 541. Japan on 2 January 1998.
      345 words
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      Page 16 Advertisements Column 2
      668 16 IN THE MATTER OF THE COMPANIES ACT, CHATTER SO EVERBRIGHT GLOBAL INVESTMENT PTE LTD IN MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at 156 Gul Circle. Singapore *****3 on 29th December 1997. the following resolutions were duly passed 1. SPECIAL RESOLUTION WINDING UP
      668 words
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      Page 16 Advertisements Column 3
      20 16 Locate its owner through Classification 821 (Found). Simply call GA.T.S. at 1800-737-1166 for this free service. t Another Classified Service
      20 words
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      Page 16 Advertisements Column 4
      299 16 SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT Singapore Press Holdings Limited (the "Company") wishes to announce that the Directors of the Company have exercised the powers granted to them pursuant to Article 32(1) of the Articles of Association of the Company to reduce the prescribed percentage
      299 words
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      Page 16 Advertisements Column 5
      164 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 90) AND IN THE MATTER OF AMALGAMATED MOTOR INOUSTRIES PTE LTD (In Members' Voluntary Uqutoabon) NOTICE IS HEREBY GIVEN mat pursuant to Section 306 of the Companies Act, Cap. 50 the final general meeting on the members of the abovenamed company wtf
      164 words
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      Page 16 Advertisements Column 6
      44 16 tSEJI" Or make your dream a reality with a piece of realty. Whether you'rfe in the market for a luxurious bungalow or an affordable apartment you can find it easily in the Classified. Move on to the properties Section, classifications 400 to 569. CATJSI
      44 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      What's hip and hot in '98
      1574 17  -  Ladies, be happy because thin is out, and curves are in. And for the men, ifs cool to look like a Utile boy. mime ee pins down this year's trends JAIME EE IF you learn only one new word this year, it would have
      1,574 words
    • STRAWS In The Wind
      • Article
        Seed for infertility
        52 17 THE recent story about the US scientist who wanted to set up a clinic to clone babies for infertile couples stirred up a storm of controversy. Opponents to the idea of human cloning called the man "unhinged" but maybe he was just living up to his name
        52 words
      • Article
        Loaded question
        40 17 THE US immigration people have a re- ally hopefUl view of people. In their application form for visas, there is this question: Are you a member or representative of a terrorist organisation? Please check box, yes or no.
        40 words
      • Article
        Scared out of their wits
        49 17 THE bird flu scare has gotten some people so jittery they threw good sense and geography out the window. It was reported earlier this week that the United Arab Emirates has banned poultry imports from Australia because of the bird flu outbreak in Hongkong.
        49 words
      • Article
        Long-term greetings
        47 17 TALK about a recession-buster. Singapore Science Centre's greeting card for Christmas and the New Year has on its cover a complicated rotating disc which serves as a 30-year calendar. Does that mean we won't be getting any cards from them for the next 30 years?
        47 words
    • LEISURE
      • Article
        Lock icon A timely reminder of man's pathetic insignificance
        599 18  -  VIEWPOINT Anne Dillard's essay in Harper's leaves as with a healthy dollop of humility By. Peter Carlson The Washington Post YOU'RE sitting there reading the paper, effortlessly inhaling and exhaling, going about your life as if you had forever. But, of course, you're
        The Washington Post  -  599 words
      • Article, Illustration
        Lock icon He discovers a story, not tells it
        1030 18  -  Michael Ondaatje says he writes with a tremendous amount of insecurity. bee mnmoE finds out what drives the author of The English Patient BEN MUNROE Michael Ondaatje, author of The English Patient, sailed through Singapore earlier this week. During his visit, organised by
        LAU POOR KONG/ST  -  1,030 words
      • Article
        Lock icon Science making the case for a helping hand
        1282 18  -  BOOKS Several new books by scientists serve np math and logic to back the belief in a creator of the universe By. Bill Hendrick NYT MIND-NUMBING mathematical equations crawl across the pages of a new book by Washington scholar Dean Overman like
        NYT  -  1,282 words
    • PURSUITS
      • Article, Illustration
        Lock icon Symbolic, wearable art
        1169 19  -  Where do jewellery designers Susan Tereba, Soraya Bohlool and Utami Geiger draw their inspiration? sia* jay reports SIAN JAY THE jewellery created by Susan Tereba, Soraya Bohlool and Utami Geiger can be described as wearable art. They are designed to draw attention, to be worn by women
        ARTHUR LEE  -  1,169 words
      • Article, Illustration
        It pays to have a flexible workstation
        765 19  -  FURNITURE Australia's Schiavello offers office fnrnitnre that addresses ergonomic problems By Carol Eng CONSIDERING the hours we put in at the office, relatively little study has been made into how furniture can be arranged so that people can work more efficiently. How often
        765 words
      • Article, Illustration
        Lock icon Putting designer drinks to taste test
        666 20  -  DRINKS A panel samples the DVB, three Pernod concoctions, the all new Anchor Pilsner Beer and Hooper's Hooch Apple By] Ben Munroe EVERY so often a marketing department comes up with a wild and wacky idea for a new cocktail, beer, ready-mixed drink or
        CHRIS LOH  -  666 words
      • Article, Illustration
        Fine cast lifts standard fare
        656 20 CINEMA I Know What Yon Did Last Summer may be another slasher flick but it is powered along by some fairly sdid directing, a serviceable story and good acting PANS of Scream, which came out earlier this year will be curious to see Know What
        656 words
      • Article, Illustration
        Lock icon Wayne Wang's love letter to his homeland
        514 21  -  CINEMA Chinese Box expresses the sense of stability and uncertainty, freedom and repression, in mercurial HE By: Bernard Weinraub NYT IN FILMS like Chan Is Missing, Dim Sum and The Joy Luck Club, the immigrant director Wayne Wang explored the collision between Chinese
        NYT  -  514 words
      • Article, Illustration
        WHAT'S ON
        380 21  -  Compiled by M Yasotha COMCERT Yoang Guitar Virtuosos Of Italy Eirene Guitar Duo Paola Minussi and Ester Poli will perform Frescobaldi's Second song called La Bernardino, Bellini's Overture from The Pirate and Rossini's Overture from Elisabeth, Queen of England. Presented by The Italian Cultural Institute and Tomas Music
        380 words
    • EPICURE
      • Article, Illustration
        Lock icon Dining with a touch of star dust
        938 22  -  Cineleisure Orchard offers a wealth of choices for foodies, from a food-court meal to a Planet Hollywood-style experience, ta* so yem checks out the muffins and seafood TAN SU YEN IF fte movie goers of the past had to make do with munching
        ARTHUR LEE  -  938 words
      • Article
        What Bordeaux to drink and buy
        831 22  -  WINE CONNOISSEUR Keep the 1990s and 1989s nnder wraps still but drink the attractive and enjoyable 1985 even the Firsts are ready By N K Yong ONE of the nice things about going into a new year is the realisation that your wines are
        831 words
    • Article, Illustration
      CINEMA
      757 23 Aftorgltw. 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.
      757 words
    • Article
      ENQUIRIES AND BOOKINGS
      110 23 Cathay 338-3400 East shore 346-1816 Orchard 236-8386 Plcturehouse 338-3400 Yangtze 223-7629 impress 777-5867 Jubilee 464-1640 Mandarin 292-9401 Marina 338-9719 Whitesanda 686-1782 ssn^sr Bishan 363-8886 Boon Lay 792-2788 Broadway 464-9394 Majestic 633-9032 Marina 337-9488 PavUion 786-6788 TamplnesB 786-6788 Tlongßahru 274-6688 Yiahun 267-7848 Clement!/ Cweatth 777-0669 Golden/New Tqwn 298-6466
      110 words
    • TRAVEL
      • Article, Illustration
        Vivid images north of Sydney
        1843 24  -  Taste the wines of Hunter Valley, try the surf at Newcastle and go dolphin spotting at Port Stephens. low reports MICHELLE LOW YOU'RE in Sydney. You've shopped in Paddington, walked the lurid King's Cross, admired the historic Rocks and still have time to spare? Get
        1,843 words
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      5 17 rursuits Wearable art EL 3
      5 words
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      Page 17 Advertisements Column 2
      142 17 Travel Vivid images B north of BjpKjjMIH^HH Sydney EL 8 ,> £L|2- It could be any number of V .J anniversaries, ISO certification, pages but the cost of a special JL \r M Jl JL Jl Jl cL ground-breaking ceremonies feature in our newspapers and topping-up ceremonies, will remain the
      142 words
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  • Page 20 Advertisements
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      166 20 Where to wine, dine And entertain..."^ iIPBI 2^°4545 What tetter way to celebrate a great week than Sunday Brunch at The Cafe-in-The-ftrfc? Enjoy the finest brunch and service at only $28* I per adult (only $14* (or the bids). Then toast your good fortune with Gold Sett Champagne, each glass
      166 words
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      Page 20 Advertisements Column 2
      240 20 I RESTAUtANT AfUUWVT• WINE CELLAI I ji Theme Restaurant Foodcourt European countryside f" J ambience I Wishing Your table is reserved while I Ud all I 1 you explore our wide variety I J I of Asian Western favourites J y.,. f jf •No messy, uncleared tables YtMf Pay only
      240 words
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      Page 20 Advertisements Column 3
      203 20 [a csxgok rixjL.ri.Tymri j The only buffet lunch 0 !jj with a feast of 3 i J Italian Chinese '1 favourites ]j from just $14«50++ fl (Spread the word!) Tj PAOLO PI NO'S f IN*AFO II i Opening hourt from 11.30 am to 12.30 am i Buffet lunch available from
      203 words
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      Page 20 Advertisements Column 4
      140 20 CALL 330 3585 OR 330 3590 FOR RESERVATIONS Q^ON 76 Bras Basah Road, Singapore *****8 Web Site http://www.carlton.com.sg E-mail: RestaurantsQl'arlton.com.sg I J La Brasserie Brunch Fresh Oysters, Crab Claws, II Smoked Salmon, Carvings R and many other Continental delights I await you Every Sunday, M 1 lam to 2.30pm I
      140 words
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      Page 20 Advertisements Column 5
      197 20 3 JlttvyiAr CtltbfAfan 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 Call 831 6262 for mort details. 133 Orchard Road Singapore 238M7 Tel 7)***** 1— g EEQJ Step Into Our Garden For Tea.
      197 words
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      Page 21 Advertisements Column 1
      179 21 H^H IK' Ml i Bt I I mm w your company on the stock exchange? > Lmt M I J J That's good news to 1.2 million readers! PWT t :&^ri: BJioirißf \yozir' <jf significant growth for the group. Tffr I Company listings are significant milestones and it is to
      179 words
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      30 22 It's easy. I'll just find rt in The Straits Times Classified. Dad does it all the time. He spends more time with van* the computer than with me now. CAT.S.|
      30 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      1627 23 TODAY'S TV Drew's oddball *!2iKSSSSa-«. H s lib Hank tries to comfort an tionais 1997—England vs JJ t Sesam The Drew Carey Show, partner. siting Sports Espirit. JJJ 9pm, Ch 5 IM Favourite Queen of Poland". One of Chs cSsaderAfoyje; hlldren |jjj EwSb Drew's insane former Iris (Jane Fonda) is
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    • Miscellaneous
      Page 23 Miscellaneous Column 2
      226 23 RADIO CtviUMtkm, BBC, Saturday, of its tail to run backwards up L3op«n its burrow. A spider A look at the clash between distinguishes mate from prey the Greek city states and the by the vibrations of its web f ea t Person kingdom and and a bedbug uses touch to
      226 words
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