The Business Times, 17 January 1998

Microfilm: NL21068
Total Pages: 24
1 24 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    12 1 THE BUSINESS TIMES MITA(P)ll(V12/97 Internet- http://www.asial.com.sg/biztimes SINGAPORE WEEKEND EDITION, JANUARY 17-18,1998 85*
    12 words
  • Article
    MARKET SUMMARY
    29 1 MR*' UM3JI(+IUB) 'DSS«T+SO.IB) UMl(t(8) •mm—— <*-*> KLHCOHP mff +14M mm MMMi—HM.47 JAKAJRAGONP _!anZZ»*« 1UMLAOOHP—JJRIM -MB rurmvn—v«lm >mm 8ni.OOHP MBLlt -17M CIAACHNAB MIM +n» mm mi otD—juiu _+gu VjoL"/
    29 words
  • Article
    FINANCE
    46 1 81 at on t urn—i»i M U4? IN him —um m 1m—m» #H7 J mar u»—w» InriMnn utt—mi 1MB BASH MURK *M IAMUK ttS lAJOLA IU» woman mi t>gB- 9M TOKTO wbol an wncr* lm nuivurr** 4» LOMGR 7M mrvoH JU» -nwt (Source: NatWest Bank)
    46 words
  • Article
    Lock icon China announces sweeping banking reforms
    817 1 Debt deao-ap also part of plan to avert South-east Asian style Reuters [BEIJING] China yesterday announced a sweeping reorganisation of its creaking banking system and a plan to clean up bad debt, as part of bold steps to avoid a South-east Asian-style financial crisis. Central
    Reuters  -  817 words
  • Article, Illustration
    Lock icon Rupiah dives amid reform scepticism, but stocks soar
    782 1  -  Currency players fear govt may lack political wfll to see reforms through From S N Vasuki in Jakarta THE Indonesian rupiah slumped yesterday but Jakarta stocks scored impressive gains, following Thursday's announcement of sweeping new economic reforms. Currency market players said there
    Source: Bloomberg  -  782 words
  • Article, Illustration
    Lock icon Over the top
    65 1 [TOKYO] It was cheers all round at the Tokyo Stock Exchange yesterday as the benchmark Nikkei 225 index surged 6per cent over the 16,000mark. Fuelling the rally was speculation that the government would announce more measures to boost the economy. Reports that banks might be allowed to
    REUTERS  -  65 words
  • Article
    DBS takes lead in hiking prime to 7.5%
    352 1  -  By\ Siow Li Sen [SINGAPORE] DBS Bank raises its prime rate again today by another 50 basis points to 7.50 per cent. It is once again taking the lead in hiking the prime lending rate which, although not unexpected, is likely to
    352 words
  • Article, Illustration
    Far East property sales hit $2.5b last year: CEO
    717 1  -  He dispels ranears U VUIIb UKllMimft fr™ Land, is cash-strapped By 1 By Clarissa Tan and Lilian Ang [SINGAPORE] Property developer Far East Organization enjoyed solid sales of 12.5 billion last year, chief executive officer Philip Ng said yesterday. Dispelling rumours
    717 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      76 1 MB ■muim H H L|i i 1 EHHi t I j^H ifliployfT 1 3wmte JteAaotogy, ywtßittay Isid off 1«800 staff under a 22STi?tt ring ISftgmrtklTO Singapore's economy should prm 4J% this year, said Nanyang Technological University economists yesterday. The llmrs estimate is slightly above tiie private sector ccsmwos estimate of
      76 words
    • Advertisement
      Page 1 Advertisements Column 2
      240 1 Takm flha T«l Props' creditors sell pledged Sino Land shares, Pg 7 Timeless values. Empire Period. Geneva enamel. Duplex escapement movement by llbery of London. These two exquisite watches, The Rolex Day-Date in the shape of peaches, are W IS appreciated for more called «For China». f***than just the twenty-five
      240 words
    • Advertisement
      Page 1 Advertisements Column 3
      4 1 Ejraflaf UOB*s i-account, Pg3
      4 words
Page thumbnail Page 2
  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Seagate lays off 1,800 of its staff in Singapore
      617 2  -  lbmputrfKMMO i« '1 J9P COTS ww UwMw to be carried out in two phases By, Jennifer Lien SINGAPORE'S second-largest employer in the private sector, Seagate Technology, yesterday laid off 1,800 staff under a global restructuring exercise even as the labour ministry
      ARTHUR LIE  -  617 words
    • Article
      SP in talks with Petronas to buy more gas
      479 2  -  By\ Ronnie Lim WITH liberalisation of electricity supply just around the corner, Singapore Power (SP) hopes to secure a new deal this year with Malaysia's Petronas to buy more natural gas. This will not only be for town gas use, which
      479 words
    • Article
      New copyright bill gives more clout to piracy enforcement
      396 2  -  By\ Frances Lui IN a few months' time, hotels will have to pay a rental or royalty fee to the distributor of saxophonist Kenny G's music, commonly heard in hotel elevators. Audio-visual product stores which use demonstration software or music will
      396 words
    • Article
      Move to give electronic payment a boost
      186 2 •PUBLIC service providers plan to raise the proportion of bills paid electronically to 80 per cent from 60 per cent now. They said yesterday that they would encourage more of their customers to settle bills through electronic payment by making it easier to
      186 words
    • Article
      Economy to grow 4.8% this year, forecasts NTU
      495 2  -  Exchange rate turmoil seen having little impact By i By Clarissa Tan and Audrey Tan THE recent exchange rate upheavals should have little impact on Singapore's trade performance and the economy should grow 4.8 per cent this year, Nanyang Technological University (NTU)
      495 words
    • Article
      EDB upbeat on disk drive output growth
      253 2 SINGAPORE'S hard disk drive output grew 13 per cent in value terms last year, and output should show "positive growth" this year in both revenue and unit terms, the Economic Development Board (EDB) said yesterday. The board said this in a statement responding
      253 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      217 2 THE MONETARY AUTHORITY OF SINGAPORE AMOUNT OFFERED SGD7OOMIO H H ISSUE CODE N*****0T H ISSUE DATE 2 FEBRUARY 1998 Iff H MATURITY DATE 1 FEBRUARY 2003 B INTEREST RATE TO BE DETERMINED BASED ON THE Kgi AVERAGE YIELD OF SUCCESSFUL l* M APPLICATIONS H |S| PRICE TO BE DETERMINED AT
      217 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      175 2 CRVPTIC CHOSSWOEP 17 Making no gains, as a lot's gone 23 Former coppers allowed to be Hi 27 Corresponding just the same 28 The swimmer who's a toady? 8 Cleaning block, squire? (9) IHHMMrg aOMTIIUH 7 13 To separate is nothing new! (7) i»iin»m.uwAui. »ui ix. E^ t^ ngpartendingdi 15
      175 words
Page thumbnail Page 3
  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        537 3 Flgures denote number of respondent* Those polled for their views on the Singapore stock market outlook for next week were: Alliance, Credit Lyonnais, Daiwa, Deutsche-Morgan Grenfell, GK Goh, ING Barings, Kay Hian, Kim Eng, Merrill Lynch, OCBC Securities, Ong Co. Aeer Computer International ♦(Sell) Indosuez WlCarr, Jan
        537 words
      • Article, Illustration
        In My Opinion
        474 3  -  By Thomas John Head, regional portholio managrement, Credit Suise, Singapore urn HE year 1997 began I with concerns that X the crash of 1987 would be repeated given the US and European bourses had already seen two very good years. The doomsayers were proven wrong, and the
        474 words
    • Article, Illustration
      Eyeing UOB's i-account
      851 3  -  But first, make sure you read the fine print By\ Siow Li Sen [SINGAPORE] IF YOU want flexibility with your cash and still earn above average interest, you might consider banking with the United Overseas Bank. Open an iaccount. But first, you should have much more than
      851 words
    • Article, Illustration
      Ox year certainly not bullish for the motor industry
      832 3  -  Three out of four dealers suffered double-digit sales dip By i Christopher Tan [SINGAPORE] The Year of the Ox was anything but bullish for the motor industry. Not only was the COE quota for cars smaller, the ensuing battle for the
      832 words
    • Article, Illustration
      Lock icon 1997: year of living painfully for Thai investors
      730 3  -  BTB ON THE REGION: Thailand Measurat have been introduced to nurse the bourse to health From, Harish Mehta in Bangkok IT was a year that Singh Tangtatswas would like to forget. The president of the Stock Exchange of Thailand has postponed plans
      FILE PHOTO  -  730 words
Page thumbnail Page 4
  • MARKETS IN TURMOIL
    • Article
      Moody's reviewing four M'sian banks
      419 4  -  Possible downgrade for Xaybank, Bank Bmni, Sime Bank and Public Bank By: Meera Tharmaratnam in Kuala Lumpur MOODY'S Investors Service yesterday placed under review for possible downgrade four Malaysian banks, citing increasing pressure on financial institutions from the close links between government, corporate interests and
      419 words
    • Article
      Moody's chops ratings again for 4 Thai banks
      255 4  -  From, Harish Mehta m Bangkok IN YET another blow to Thailand's cash-strapped banks, US ratings agency Moody's Investors Service yesterday downgraded the debt issued by the country's top four commercial banks deeper into junk bond status, in a move that would affect
      255 words
    • Article, Illustration
      Lock icon Tokyo stocks, yen surge on markets' belief that worst is over
      499 4  -  Nikkei 225 index up 6%; yen jumps to 12&81;gBvt bond prices sink From Anthony Rowley in Tokyo TOKYO share prices and the yen surged strongly yesterday while government bond prices declined sharply as markets sensed that the worst of
      Sourse: Bloomberg  -  499 words
    • Article, Illustration
      Lock icon Malaysia doesn't need IMF help, says Camdessus
      394 4 He calls for higher rates to cap inflation that will result from weaker ringgit Bloomberg [KUALA LUMPUR] Malaysia does not need the International Monetary Fund's financial help now, IMF managing director Michel Camdessus said at a press conference here yesterday. Still, he said,
      Bloomberg; REUTERS  -  394 words
    • Article, Illustration
      Lock icon Rupee back to below 40 per US$
      425 4  -  Central bank announces measures to mop op liquidity From Rajendra Bajpai in New Delhi THE Indian rupee, one of the more stable currencies in Asia, closed below 40 to the US dollar for the first time since breaching that psychological barrier two days
      Sourse: Bloomberg  -  425 words
    • Article
      Lock icon Hongkong draws up plans to battle economic turmoil
      358 4 AFP [HONGKONG] The Hongkong government has drawn up battle plans to tackle the fallout of the financial turmoil, after the loss of about 1,000 jobs in a week as firms here fell victim to the mauling of the region's economies. At an
      AFP  -  358 words
    • Article
      Manila exchange may ask brokers to merge
      243 4  -  Move prompted by growing number of From Al Labita in Manila THE Philippines Stock Exchange (PSE) is considering asking some stockbroking houses reeling from Asia's currency turbulence to merge, an official said yesterday. "We have floated the proposal to them and they were
      243 words
    • Article
      Lock icon Right-left alliance in US Congress blasts IMF policies
      580 5 It threatens to block govt's request to give Fund USsl9b to boost its resources Reuters [WASHINGTON] An unlikely alliance of liberal find conservative lawmakers launched a fierce attack on Thursday against the IMF, calling on the US Congress to withhold its funding
      Reuters  -  580 words
    • Article
      Lock icon Quantum Fund to expand Korean investment
      110 5 Bloomberg [SEOUL] Quantum Fund, the hedge fund run by billionaire George Soros, plans to expand investment in Korea, said the Samsung Group, after meeting a Quantum investment survey team. The three-member group, led by Arminio Fraga, former deputy governor of the Bra2ilian central bank,
      Bloomberg  -  110 words
    • Article
      Lock icon Clinton welcomes Suharto's pledge to reform
      472 5 World Bank, Tokyo also voice support bat Dow falls 93 points AFP (WASHINGTON) President Bill Clinton welcomed Indonesian President Suharto's commitment on Thursday to sweeping economic reforms, with US officials calling the move Mr Suharto's best hope of restoring confidence. On Wall Street, however,
      AFP  -  472 words
    • Article, Illustration
      Lock icon When push comes to shove, it's better to be squashed than hungry
      100 5 [JAKARTA] These are hard times, and the strain showed on this Indonesian woman's face as she and others jostledfor position amid a crush ofpeople waiting for subsidised goods at a central Jakarta market yesterday. Even the heat of
      REUTERS  -  100 words
    • Article
      Lock icon Japan bankers seen uneasy over non-bailout stand
      405 5 Reuters [TOKYO] Indonesia's new reform package announced on Thursday is more realistic about the country's economic state, but analysts said Japanese bankers are likely to balk at the failure to guarantee pri-vate-sector loans. "We can see that the forecast on the country's growth
      Reuters  -  405 words
    • Article, Illustration
      Lock icon US trade gap may lead to serious problems with Asia
      470 5  -  Vogel sees turmoil poshing deficit to unprecedented levels By Lu Ning [SINGAPORE] As a fallout of the financial crisis engulfing the region, the US could have serious political problems with Asian countries in one or two years' time after they
      NT  -  470 words
    • Article
      Lock icon East Java supermarket torched, 3 men arrested
      179 5 AFP [JAKARTA] Residents of an Indonesian town, angered by rising prices of basic foodstuffs, burned a three-storey supermarket in the East Java town of Jember, a newspaper reported yesterday. Police arrested three men on suspicion of arson after the supermarket burned down on
      AFP  -  179 words
    • Article
      Singapore statement
      183 5 The Prime Minister's Office issued this press statement yesterday in response to Thursday's agreement between Jakarta and the IMF. Singapore welcomes the latest agreement between Indonesia and the IMF. The revised programme will introduce sweeping economic reforms and strengthen the Indonesian economy. It is a rigorous programme. By
      183 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      78 4 HIGHLY PROHTABLE BUSINESSES TO BOOST YOUR "BOTTOM LINE" GRAB THIS GREAT OPPORTUNITY! BUSINESSES: HOSPITALITY SUPPLIES TO HOTELS, CRUISE SHIPS; ROOMS/ CABINS/ OFFICES RENOVATION JOBS; FOOD/SEAFOOD SUPPLIES; WIDE CLIENTELE BASE IN THE REGION; HOLDS A NUMBER OF PROFITABLE AGENCIES WHY WE SELL OUT? SELLERS ARE RETIRING FOR HEALTH REASONS. PLEASE FAX
      78 words
Page thumbnail Page 5
Page thumbnail Page 6
  • REGION/WORLD
    • Article
      HK govt decides not to sell prime Tamar Basin site
      553 6  -  HONGKONG But it insists the withdrawal 'has nothing to do with the property situation' Ry\ Loh Hui Yin IN what appears to be an effort to help the ailing property market, the Hongkong government has decided to withdraw a prime
      553 words
    • Article
      Lock icon M'sian inflation gains pace in Dec
      311 6 KUALA LUMPUR AFP MALAYSIA'S inflation rate accelerated in December with the consumer price index rising 2.9 per cent from a year earlier and 0.5 per cent from November, the statistics department said. The latest increase pushed annual inflation to 2.7 per cent for the
      AFP  -  311 words
    • Article
      Lock icon WTO upholds pro-US ruling on EU beef ban
      162 6 GENEVA AFP THE World Trade Organisation appellate body confirmed yesterday that the European Union's ban on imports of US hormonetreated beef was in breach of trade rules, upholding a previous WTO ruling which was favourable to Washington. An appellate body report issued
      AFP  -  162 words
    • Article
      Lock icon China meets US nuclear requirements
      203 6 NEW YORK Reuter THE United States has formally certified China has met nuclear nonproliferation requirements, smoothing the way for US industry to seek orders for China's nuclear power programme, the White House said on Thursday. "China has met the nuclear nonproliferation requirements and conditions necessary
      Reuter  -  203 words
    • Article, Illustration
      Lock icon Still disconnected one week after
      56 6 (ALBURG, Vermont] A sign left by a resident of Alburg, Vermont, to let electrical crew know he still has no electricity on Thursday. Power was cut seven days ago by powerful ice storms that brought down power lines and trees in northern New England, upstate
      REUTERS  -  56 words
    • Article
      Lock icon Euro seen becoming reserve currency
      226 6 NEW YORK Reuters THE single European currency or euro is well positioned to achieve the status of reserve currency, according to David Mullins, a former Federal Reserve vice-chairman. "An important benefit for governments, brought by the introduction of the euro, will be a reduced cost
      Reuters  -  226 words
    • Article
      Lock icon US economy doing very well: Fed official
      365 6 RICHMOND, Virginia Awm crisis seen having limited impact on worldwide growth Bloomberg THE US economy continues to put in an extraordinary performance and the Asian crisis will likely have a limited effect on worldwide growth in 1998, Alfred Broaddus, president of the Federal
      Bloomberg  -  365 words
    • Article, Illustration
      Lock icon Welfare state out of date, needs reform: Blair
      489 6 DUDLEY, England Reuters PRIME Minister Tony Blair, sweeping aside warnings that he was entering a political minefield, told his ruling Labour party on Thursday that Britain's welfare state was out of date and must be reformed. Mr Blair bluntly told a meeting
      Reuters; REUTERS  -  489 words
    • WORLD Watch
      • Article
        Lock icon Jospin may raise minimum benefits
        50 6 Reuters [PARIS] Militant French jobless, gearing up for a third day of nationwide protests today, seemed close to another small victory. Le Monde said Prime Minister Lionel Jospin had asked aides to study a possible increase in minimum benefits, often under the official poverty level.—Reuters
        Reuters  -  50 words
      • Article
        Lock icon UK sends HMB Invincible to the Gulf
        53 6 Reuters [LONDON] Britain has ordered an aircraft carrier with 19 Harrier jets to head for the Gulf as Defence Secretary George Robertson said he could not rule out the use of force against Iraq. HMS Invincible has been on standby in the Mediterranean
        Reuters  -  53 words
      • Article
        Lock icon Netanyahu ready to forge peace
        52 6 Reuters [JERUSALEM] Prime Minister Benjamin Netanyahu said his cabinet had given him the necessary flexibility to advance peace with the Palestinians provided they "face down the terrorists" threatening Israel's security. He was briefing foreign ambassadors ahead of White House talks with US President Bill Clinton
        Reuters  -  52 words
      • Article
        Lock icon Dutch not against Italy joining EMU
        59 6 Reuters [THE HAGUE] Dutch Prime Minister Wim Kok told parliament on Thursday that the Dutch government had not taken a decision to block Italy from early entry to European economic and monetary union. Mr Kok said he had made this clear to his Italian
        Reuters  -  59 words
  • Page 6 Miscellaneous
Page thumbnail Page 7
  • COMPANIES & MARKETS
    • Article
      Tsim Sha Tsui Props' creditors sell pledged Sino Land shares
      517 7  -  Mm after Sino Land price plunge is to maintain ratios of loan to collateral From< Quak Hiang Whai in Hongkong FOLLOWING a plunge in the Sino Land stock, creditors of Tsim Sha Tsui Properties have sold pledged Sino Land shares
      517 words
    • Article
      Parkway denies talk that it is retrenching 200 staff
      408 7  -  Hospital fidmiffffiiHiff dipped but business has picked up: By Jeany Lam [SINGAPORE] Parkway Holdings managing director Tony Tan said yesterday that there is no truth to the rumour that the company is retrenching its staff. Over the past few days, the
      408 words
    • Article
      SPH to trade as single counter from March 16
      124 7 [SINGAPORE] Mainboardlisted media group Singapore Press Holdings yesterday said it will be quoting its shares under a single merged counter on March 16, pending court and shareholder approvals on Feb 9. SPH announced plans to merge its Foreign and Local tranche
      124 words
    • Article
      Keppel, Tat Lee merger: sign of more mergers to come?
      686 7  -  HOCK LOCK SIEW Conrad Raj THE merger between Keppel Bank and Tat Lee Bank, seen by some industry watchers as giving a leg up to the latter, is setting the pace for a needed consolidation in the industry. As Deputy
      686 words
    • Article
      Rebound seen in Asian markets as early as Q2
      541 7  -  STpore stocks likely to bottom ont in first quarter: DBS By Clarissa Tan [SINGAPORE] Regional markets could recover as early as the second quarter of this year, market pundits predicted yesterday. And in Singapore, stocks are likely to bottom out in
      541 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Li Ka-shing raises HK Land stake to near 5%: report
        556 8 Move comes amid news tobacco king Ho Ying-chie has also bought into company AFP AFX-Asia [HONGKONG] Tycoon Li Kashing has increased his stake in Hongkong Land Holdings amid speculation of a takeover bid after news broke on Thursday that tobacco
        AFP; AFX-Asia; FILE PHOTO  -  556 words
      • Article
        ST Capital sees group losses of at least $18m for 1997
        301 8 [SINGAPORE] ST Capital, government-linked Singapore Technologies' financial services arm, yesterday said it expects losses of at least $18 million for 1997, pending a full year-end audit, following unrealised foreign exchange losses of US$6.B million (5511.9 million). The additional forex
        301 words
      • Article
        Lock icon We plan to repay our debts, says Indon taxi firm chief
        459 8 PEREGRINE COLLAPSE But he says Steady Safe will have a lot of work to do and will take long time AFP [HONGKONG] The head of the Indonesian firm blamed for the collapse of Hongkongbased Peregrine Investments Holdings said in
        AFP  -  459 words
      • Article
        Lock icon Peregrine talking to potential buyers of profitable units
        349 8 Bloomberg Reuters AFP [HONGKONG! Peregrine Investments Holdings Ltd executives talked to potential investors in Europe and Hongkong, aiming to sell the failed investment bank's profitable equities and corporate finance business. Final bids are due to be submitted to Price Waterhouse, which was
        Bloomberg; Reuters; AFP  -  349 words
      • Article
        Lock icon Philippine tycoon refusing deal on San Miguel shares
        371 8 Govt trying to sell sequestered shares to HE'S First Pacific AFP AFX-Asia [MANILA] A Philippine tycoon, who claims ownership of a large bulk of shares in San Miguel Corp, will refuse to make a deal with the government to sell them to
        AFP; AFX-Asia  -  371 words
      • Article
        Datacraft stock soars 14.5%
        273 8  -  Byi Annette Pau [SINGAPORE] The Datacraft Asia stock yesterday jumped 14.5 per cent, closing at US$l.9O for a gain of 24 US cents after the company reported a 51 per cent interim net profit gain on Thursday. Investors soaked up predictions that the company would likely
        273 words
      • Article
        Lock icon Qantas shares slip 3.6% on Asia fears
        260 8 AFP [SYDNEY] Investors spooked by Qantas Airways' exposure to Asia pushed its share price sharply lower yesterday. And analysts gave Australia's national airline the thumbs down ahead of profit results expected next month. Qantas shares fell nine Australian cents, or 3.6 per cent,
        AFP  -  260 words
      • Article
        Wassall realigns York group of subsidiaries
        178 8 [SINGAPORE] WassaU Asia Pacific has announced a restructuring to make its whollyowned Singapore subsidiary, York Transport Equipment (Asia) Pte Ltd (York Singapore), the immediate holding company for its York group of subsidiaries. Under the restructuring, Wassail took an additional two million ordinary shares of
        178 words
      • COMPANY ßriefs
        • Article
          Lock icon Swire, Wharf shrug off Moody's cuts
          109 8 Bloomberg [HONGKONG] Swire Pacific and Wharf (Holdings), two of Hongkong's biggest property groups, shrugged off a decision by Moody's Investors Service to cut its outlook on their debt ratings as their borrowing costs surged. Moody's said it is taking a negative outlook for Swire,
          Bloomberg  -  109 words
        • Article
          Hai Sun Hup sells KYZ shares
          99 8 [SINGAPORE] Hai Sun Hup will sell 180*000 Stamford KYZ Zenith Hotels shares to "founder shareholders" Rudiger Koppen, See Foon Chan Koppen, Francis Yan and Ernst Zimmerraann (Holdings) for US$4.3 million (557.5 million). On completion, the parties will convert the remaining 20,000 shares in KYZ
          99 words
        • Article
          AFP Land to spell Dema Clasette
          71 8 [SINGAPORE] Asia Food Properties said its wholly-owned subsidiary, AFP Land (formerly known as Amcol Holdings), on Jan 14 agreed to sell its 40 per cent interest in Iran-incorporated Dena Casette to Majid Raheb for US$l, subject to relevant approvals. In return, Mr Raheb agreed
          71 words
        • Article
          Koh Bres names new MD
          72 8 [SINGAPORE] Koh Brothers has appointed Francis Koh KengSiang its managing director. Mr Koh, one of the group's executive directors, was previously the head of real estate and leisure hospitality activities. Koh Brothers' previous managing director, Koh Tiak Chye, will now be the group vice-chairman. He
          72 words
        • Article
          NatSteal ups stake is associate
          89 8 [SINGAPORE] Nat Steel has subscribed for an additional 15 per cent in the capital of an associate, Steel Asia Manufacturing Corporation. Steel Asia operates a rolling mill which produces bars, wire rod and light sections in the Philippines. The allotment raises Nat Steel's stake in
          89 words
        • Article
          UOL ohief lets options lapes
          23 8 [SINGAPORE] United Overseas Land president and chief executive officer GweeLianKheng has allowed options to lapse without exercising them.
          23 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Digital, Unisys post strong fourth-quarter earnings
        491 9 Digital's earnings more than doubled while Unisys' profit is 56% higher Reuters [BOSTON] Digital Equipment Corp's earnings more than doubled in the latest quarter while Unisys Corp's profits also rose but fell short of forecasts on Wall Street. Digital, the US's fourthlargest computer maker,
        Reuters  -  491 words
      • Article
        Lock icon Falling disk drive prices drag Quantum profit down 10% in Q3
        279 9 Bloomberg [MILPITAS, California] Quantum said profit before a charge fell 10 per cent in the fiscal third quarter because of plummeting prices for computer disk drives. The company said it earned US$47 million (5582.6 million), or 29 US cents
        Bloomberg  -  279 words
      • Article
        Lock icon Sun's Q2 profit up 25% to US$223m
        400 9 Strong European sales help to boost earnings Bloomberg [PALO ALTO, California] Sun Microsystems Inc said its fiscal second-quarter profit rose 25 per cent, spurred by strong sales of its high-performance servers and storage devices and strength in Europe. Profit before charges rose to
        Bloomberg  -  400 words
      • Article, Illustration
        Lock icon Car-rying on at Volkswagen
        55 9 qp [SAO PAULO] A Brazilian worker at Volkswagen's plant here waving his uniform as other workers cheered an accord reached on Thursday to avoid a massive layoff. The German carmaker said it will introduce a new line ofeconomic cars by the year2oooto guarantee jobs for its
        REUTERS  -  55 words
      • Article
        Lock icon Kodak hikes prices in Asia
        122 9 Reuters NYT [NEW YORK] To combat the drop in local currencies, Eastman Kodak Co is "aggressively" raising consumer film prices in Asia, chief financial officer Harry Kavetas said. Kodak's operating profits, bashed by a strong dollar and lower film prices, plunged 37.7 per cent in
        Reuters; NYT  -  122 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        768 9 Vtssti Voy Mo Bortlt Afrtwl P*HTtw M SMatassaO 301* J N J01 ataquda MSarHO ***** JOI HoHfUdt K.0V0600 CMMt Hast 0 IN JOT MomIIi 17.01/2300 Chtz Nous 1 0 JOS aMgikl *0VH00 Gr Festival 4 1 JM lM|lMl 19.01/2300 Um i 21 J04 doaqudt *.01/0300 £7M7 0 J06
        768 words
      • Article
        CONTAINER SCHEDULES
        1672 9 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO BoddRf/Baiaac* Rstls snip Voy MP Ett/Btr fmM FfW T« frm tuda urn b/bm a m/bm n/nm turno It/1500 >6/1659 >6/1900 a n/bm wo** b/mm a N/BM B/MM 17/09W 1 17/07M B/Mt IT/MM 4 I7A20Q B/MM amoo «a Mm MM WDM
        1,672 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Schroders makes management changes
        430 10 Launch of USs4oom Asia-Pac buy-out fund won't be hit by Asian turmoil Reuters [LONDON] At a possibly crucial time for its fund management division, Schroders Pic on Thursday made a number of management changes, cut jobs and underlined its commitment to private equity investment. David Salisbury's
        Reuters  -  430 words
      • Article, Illustration
        Lock icon More gains for greenback
        389 10 USS/mark: US$/mark traded generally higher this week, touching 1.8340 yesterday morning. The bullish view remains unchanged with upside resistance levels seen at 1.84, 1.86 and again at 1.8705. Any corrective downmove should find support at 1.8165, 1.8070 and then 1.7955. The bullish outlook for US$/mark would
        Source: DBS Bank  -  389 words
      • Article
        Lock icon Top Lehman banker quits, leaves two in running for No 1 post
        303 10 NYT [NEW YORK] Steven J Berger, a top banker at Lehman Brothers who had been mentioned as a potential leader of the firm, has left the company. The departure of Mr Berger, 41, which was negotiated over the
        NYT  -  303 words
      • Article
        Lock icon US regional banks' Q4 profit up
        545 10 Strong loan growth, merger-related cost savings, low global exposure lift earnings Reuters [NEW YORK] US regional banks on Thursday reported fourth-quarter earnings generally 10 per cent or more above the year-earlier period, reflecting merger-related cost savings in many cases and good credit quality. "Loan
        Reuters  -  545 words
      • Article
        Lock icon Euroyen firms on Japan stimulus
        238 10 m—u» Report Reuters [SINGAPORE] Simex Euroyen futures rose yesterday, helped by speculation of new measures by the Japanese government to boost the economy. Measures to help the financial system were seen likely to lead to a softening in money market rates, and lower call rates.
        Reuters  -  238 words
      • Article
        Technology stocks boost futures contracts
        162 10  -  MSCI TAIWAN FUTURES By Perry Gilbert vicepresident, Refco Singapore Pte Ltd (SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract rose yesterday as investors regained some confidence in leading technology stocks and were attracted by expected high dividend payouts in 1996. The January/February spread also
        162 words
      • Article
        Lock icon Cut in output has limited impact on prices
        245 10 ENERGY REPORT Reuters [SINGAPORE] The impact of the 25 per cent cut in Thailand's Bangchak refinery output and other regional refinery run cuts on Singapore's benchmark fuel oil prices is seen to be limited, trading sources s&id. Cargoes of 180-centistoke fuel oil
        Reuters  -  245 words
      • Article
        Lock icon CURRENCY REPORT
        277 10 AFP THE US dollar was a tad stronger yesterday afternoon by comparison with its morning levels, but was unable to break out of the trading range it has kept all week, dealers said. The greenback started the day off with a drop against the yen and the mark
        AFP  -  277 words
      • Article, Illustration
        Untitled
        1083 10 immwcauwmTBi a$ a ccv n n mihmm tm wm m jg$wm Hm m m mm m sar sjs -ss as as &M*5ssa*» is ksses si »1 CMm 0.184 0.173 0.111 0.731 4220 0.932 42*010.090 0.65 1950 0517 0207 526 4.9*7 02« 4*00 460 4.077 446 0474 0.120 W L4« *-»0
        1,083 words
    • Article
      COMMODITY PRICES
      1392 11 81 COM FUTURES Jan 16 qm JJn (Mi Lav Sttt (tama) Manat Mil 8400 B400 B3J5 5 225 Mar 90 0525 49S Aar90 07JO 4025 lay ft BUS 0025 129.75 200 MS Jwtt 0175 3725 Jatfh|M 0525 4395 0(tfl0c9t tU MOJO 80 4100 Jatlfcrft M3J0 «00 Mm Qmr
      1,392 words
    • Article
      WORLD STOCK MARKETS
      1934 11 JaaM Na 34 Group 539.000 19.000 AS Ports 285.000 2.600 Attdy National 1157.000 6.000 AIM Domocq 547.000 5.000 AiMC 1T7.000 *1000 AmU Group 195.000 *8.000 ■ATM 578.000 unch BGPte 325.000 *6.000 MCC 145.000 -10.000 80CGroi» 895.000 -5.000 BftPotrotoum 815.000 -6.000 STR 159.000 -6MX) Bonk of Scotland 570.000
      1,934 words
    • Article
      Lock icon TOKYO
      1611 11 AFP □nuotts ♦m«7 STOCKS surged 6.1 per cent yesterday on hopes of further stimulus for the country's stagnant economy and foreign-led buying in the financial sector, brokers and analysts said. The 225-share Nikkei Average soared 924.47 points to close at 16,046.45. Share prices rallied in late trading as investors
      AFP  -  1,611 words
    • Article, Illustration
      Lock icon HONGKONG
      1487 12 AFP yiHingScng ****** HONGKONG share prices surged 3.7 per cent yesterday on a technical rebound after the previous day's 7 per cent slump on rumours of corporate defaults, analysts and dealers said. "It was more of a technical rebound after investors realised they had oversold," said Ricky Tam, research
      AFP  -  1,487 words
    • Article, Illustration
      Lock icon CHINA
      620 12 Reuters nStaAaßliiß +QuSl THE Shenzhen B share market ended stronger yesterday, pushed higher by a rebound in Hongkong-listed shares. The B Index rose 0.51 point to 78.85 on turnover of HK$lB.5 million. "B shares rose on the back of Hongkong stocks," said an analyst. "The most significant factor affecting
      Reuters; Source:  -  620 words
    • Article
      Lock icon TAIPEI
      383 12 AFP HWPfaig ♦»a SHARE prices rose yesterday on strong buying of financial and technology issues. "Technology issues rebounded after recent falls, while the boom in the banks was encouraged by floating shares of state-controlled banks," said an analyst. "Three state-controlled banks offered shares to the public this month." The
      AFP  -  383 words
    • Article
      Lock icon WELLINGTON
      246 12 Bloomberg Q Wellington ■II? STOCKS fell yesterday amid continuing concerns the turmoil in Asian economies will lead to slower growth and lower company earnings. The NZSE Top 40-share Index fell 6.27 points to 2,208.31. Within the index, declines outnumbered advances by 21 to 17. Bloomberg jm» j» *t- mm
      Bloomberg  -  246 words
    • Article, Illustration
      Lock icon BANGKOK
      808 12 AFP H SCTM« +1&88 STOCKS soared 5.2 per cent yesterday on renewed buying by foreign investors after positive comments by International Monetary Fund chief Michel Camdessus. "In addition to positive comments by Camdessus, gains in major overseas markets, especially Hongkong and Tokyo, contributed to the jump," said an analyst.
      AFP  -  808 words
    • Article
      Lock icon SEOUL
      401 12 AFP QOwpoatebin -17J88 SHARE prices lost 3.5 per cent yesterday as investors took profit on recent sharp gains. Dealers said the downturn was expected, given the overbought state of the market. However, select large-cap stocks were higher on foreign support, dealers said. The Composite Index fell 17.88 points at
      AFP  -  401 words
    • Article
      Lock icon SYDNEY
      585 12 AFP HlllOrihtriw SHARES rose yesterday as the bourse shrugged off falls in Wall Street to take its lead from strong Japanese and Hongkong markets. A dealer said a rally across the board was inspired partly by overseas institutional buying and largely by positive sentiment coming out of the Asian
      AFP  -  585 words
    • Article, Illustration
      Lock icon JAKARTA
      688 12 AFP Composite lata *2118 SHARES climbed 6.9 per cent yesterday as foreign money returned and local funds went on a buying binge, propelling the key index above the psychological 400-point level. The surge came one day after Jakarta promised sweeping reforms under a new deal with the IMF. The
      AFP  -  688 words
    • Article
      Lock icon MANILA
      315 12 AFP □Murih -3022 STOCKS fell yesterday in a correction after a recent rally. The PSE Composite Index fell 30.22 points to 1,676.63. Turnover was 1.3 billion shares worth 1.2 billion pesos. The Manila Electric Co A shares rose 5.50 pesos to 80 while its B shares rose nine to
      AFP  -  315 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares higher on late surge of buying
        365 13 AFX-Asia FiOocipoataliidei +1450 SHARE prices closed higher yesterday amid a late surge in buying fuelled by talk that US Kinds are ready to enter the market and reaffirmation that Malaysia does not need International Monetary Fund (IMF) funding from managing director Michel Camdessus,
        AFX-Asia  -  365 words
      • Article
        Untitled
        8373 13 1996 Last Vel Day Nat Cap High Law Cimpeny «ala •QOO High Law P/E twWI 234 WO AJbwmoto 220 -M 3 220 200 IU 89.2 92 73 Angkasa 88 unch M M H 2.0 129.8 MO 123 ApoBo Food Hlg 155 S 17 1SS ISO 4.S 62.0 225 190 BarfayaLand
        8,373 words
    • WARRANTS&OPTIONS
      • Article
        Keppel Land wrf's premium is high, but gearing is a good 7.2 times
        182 14  -  WARRANT WATCH -By Ven Sreenivasan MANY brokers seem to feel that the market has reached a bottom of sorts, although few would dare suggest a rebound is around the corner. Rather, they see the market entering a
        182 words
      • Article
        Untitled
        3276 14 •MM, LOAM IVAMANTS |J 1997/98 LMt V<i Day LaatOnats to| Htm U* Mm Ciirnm lata aor- COOO) High La* Biryar Mtar Mm M 9 m 3000 m AMOS C&SH0202W 9 81 3160 *Acar ******1 US$ 9.5 9J 10 131 83 31*4 Acma ******4 9 -15 15 10.5 9 9 12
        3,276 words
    • Article
      CLOB INTERNATIONAL
      2073 14 Transaction Date Jan 10 Or Or 1*87/98 LMt V* Day LaatQuata Mi Ok Yd M MC« h»» l— crnimn »n rooo) m* u» 8»yar Baam cw wn W ~478 28 m s 5000 AIS8 50c 783 *36.5 2988 "#0 383 783 79 s!o 33 L3 333 803 137
      2,073 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1210 15 TWMvorroeo)* vuwrooe)* -»w___a± sat zss ss s± 12ilSr SSS ttl IB W *8 *SS fc Prmmn 2J,320 MUM ***** 4MM 1041 «M*t IS 5ggW*w AMI fcW O.S51 13.M1 CT VMI *0t» «#S 1.101 1»M 4,144 < HI ttt I01CM 2MJMT 441*10 SUM 4V&SM t: »%4*W»|l<Mh Mw iK> IIH li HAM
        1,210 words
      • Article
        MAIN BOARD
        4944 15 Transaction Date: Jan 10 Or Or M Wt 1997/99 Uct Va4 On LmI OuPtP Olv M* VM Nat Cm Avp HH> L— ttn> Ml fOOO> wn> Lpar SwyPT Cw W tJ Ww —MITiMll 157 ICS 1020 ACE 0yfiamlcs60c. 22 *1 13 22 21 21 22 MO 20 5146
        4,944 words
      • Article
        SESDAQ
        1074 15 #r Or mm I'"/" UM v* Day LastOvata M* Ms YM Nat Cap Av% w» IW WW Ca—y Mi fW> W» la» »f*r lafc Clr Wl >iMaa W8 78 2000 AM NMai Sc—— no no 107 It it OJ 1571 4lt 102 44* 7« a 204t uomnc us -s
        1,074 words
      • Article
        Untitled
        210 16 Otitis Vol— BwngTai25c 18,908,000 •Renong 8M 50c 15,901.000 SingTel 15c 14,159,000 STEngg 10c 12,542,000 DBS Land 9,615.000 •MBf Capital 5.835,000 •BefJayaGro« 5,289,000 OCIC Foreign 4,862,000 LUI50C 4,369,000 •RenongWtOO 4.211.000 Itnta OBS Foreign 46.505,042 SingTel 15c 46.361.305 SIA Foreign 39,070.099 OCBC Foreign 33,996,686 008 Foreign 25,382.852 Sm Foreign 25,119.134 OUB Foreign
        210 words
      • Article, Illustration
        Shares up after early fears over properly, job cuts
        640 16  -  irOOKUIKBT OOnBMTiBT Pick-op in regional bourses and relative stability on the currency markets help calm nerves By Ven Sreenivasan [SINGAPORE] The local stock market shrugged off early fears about the health of the property sector and nervousness over rising job cuts
        640 words
      • Article, Illustration
        HOT STOCK
        62 16  -  by Shiv Taneja TIANJIN ZHONG PHARMA closed two US cents higher at 26.5 US cents on a volume of 2.89 million shares yesterday, compared with its lOday traded average qf861.800 tnits. In the near term, the counter will trade sideways with a possible negative bias. The daily stochastks
        62 words
      • ON THE GRAPEVINE
        • Article
          Staying put
          135 16 THE First National Bank of Chicago's chief in Singapore has dismissed rumours that the US bank is quitting the Republic again. "No chance," Paul McGonagle, who is senior vice-president and regional head of South East Asia, told us. "The rumours are totally unfounded, we're very pleased with our
          135 words
        • Article
          At sixes and severs
          75 16 THE collapse of Peregrine has also dealt a hlow to Hongkong's best-known sporting, or should that be, social? event—the Rugby Sevens. Peregrine had signed a three-year sponsorship deal with the Sevens worth about HK$3O million (Ss6.B million). Some HK$6 million in merchandise including T-shirts, tracksults, umbrellas,
          75 words
        • Article
          Here today, here tomorrow
          134 16 EVEN though almost all the layoffs at Schroders on Thursday affected mainly the I stockbroking arm of the UK investment Arm, several unit trust investors called anxiously to find out if the asset management arm, Schroder Investment Management (SIMSL), was downsizing, or worse still, terminating their
          134 words
        • Article
          80% off crocodiles
          92 16 WITH the Chinese New Year and Hari Raya Puasa holidays just round the corner, its sales galore yet again all over Singapore. But one of our staffers who lives in the east and drives to work via the ECP did a double take when he saw this
          92 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      320 7 Mr Maurice Lidchi, appointed "Curator Ad Hoc" of The Sh. Sameyeh Pte Ltd collection, by its Receiver and Manager will conduct an IMPORTANT EXTRAORDINARY RESTRICTED AUCTION of high international standard carpets including exceptional and rare TRUE PERSIAN CARPETS AND IRANIAN CARPETS OTTOMAN/TURKISH AND CENTRAL ASIAN CARPETS RAFFLES HOTEL, TUESDAY 20th
      320 words
Page thumbnail Page 8
Page thumbnail Page 9
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12
Page thumbnail Page 13
  • Page 13 Advertisements
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      59 14 calling /See...l toM\ /The card we I the computer I you this was a I I making for Susan I I advertised in deal. f Yup, we got what V is going to be J |Pfc offered in the 1 BUytoS UXt H**"® ;jjf S? y The Straits Times ClassHM
      59 words
Page thumbnail Page 15
  • Page 15 Advertisements
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      167 16 BUSINESS Notices NOTICE IS HEREBY GIVEN that, I Teo Jin Gwat of 36 Dover Rise #01-02 S'pore *****5 have applied for a Ist Class Public House Licence in respect of M/s Nonya Eating Corner located at 220 Orchard Road #01-04, Midpoint Orchard Singapore *****2 and that this application will be
      167 words
    • Advertisement
      Page 16 Advertisements Column 2
      246 16 In the Matter of THE COMPAMES ACT (CHAPTER 50) AND In the Matter ol PAN-PAORC ADHESIVE* PTE LTD (In Member*' Voluntary Liquidation) NOTICE OF RHAL MEETWQ NOTICE B HEREBY QMM thai purauart to Sacflon 308 of tie Companies Act. Chapter 50. tie final maettig at tie member* of tw Company
      246 words
    • Advertisement
      Page 16 Advertisements Column 3
      782 16 To advertise call toll-frte 1800-741 1883 IN TMEMATIEm OP THE COMPANIES ACT, CAP.* AND IN THE MATTES OV BOWUBLT HOLDINGS PTE LTD (kMi utin' Vilniilin U^aMalioa) At an Extraoniinary Geaeral Meeting of the Company duly convened and held 20MuuwURoad«0M>3Singapore0691 Hon MJanuary 1998, the following ■CMtunom were duly paued: SPECIAL HOOLUnON
      782 words
    • Advertisement
      Page 16 Advertisements Column 4
      225 16 Buy It. Sell It. Find It. Classified. CATS Call Today For Results Tomorrow. 1800-737-1166 Rest and relax with TheßusevessTimes Give yourself a break from the stress of work or business. Enter this contest and get a chance to win vO spa pockages that will relax and refresh you. Just >
      225 words
Page thumbnail Page 17
  • EXECUTIVE Lifestyle
    • Article, Illustration
      Hit by the anxiety syndrome
      1356 17  -  More Singaporeans are slipping into the territory of unhealthy stress, tamsdthiv finds out why the problem is growing and how it can be arrested TAN SU YEN pressure hits me the minute I walk into the office," says a general manager in a trading house
      1,356 words
    • STRAWS In The Wind
      • Article
        Still smiling
        58 17 THK economic crunch has not dampened the Thai sense of humour. As published in the Bangkok Post, alternai ivps for the "Amazing Thailand" tourism slogan include: "Thailand: It's okay if you ignore Bangkok." "Come to Thailand, we need the money." "Thailand: You can drive your bike wherever you
        58 words
      • Article
        Anxious baby
        26 17 OVERHEARD on Wall Street: "The market may be bad, but I slept like a baby last night. I woke up every hour and cried."
        26 words
      • Article
        Contagions fear
        75 17 BIRD FLU hyperbole is not confined to Asia. A retired English vicar who had just visited his son in Hongkong encountered various problems when he returned to his North Yorkshire hometown. A scheduled visit to an old people's home to conduct a service was cancelled for fear of
        75 words
      • Article
        This is a fiah
        61 17 IT'S BETTER not to take anything for granted nowadays. After he drew the skeleton of a fish in one of his classes, a lecturer at a local university paused to check with his students if they knew what it was. It had suddenly occurred to him
        61 words
    • LEISURE
      • Article, Illustration
        Hard Rock unveils Bali themed hotel
        970 18  -  Plans are well underway for a May opening of the resort which will have an American rock 'n' roll concept, reports ben mumroe BEN MUNROE ONGBENGSeng made a big splash in the Asian hotel market in 1997 by opening his new luxury hideaway in
        970 words
      • Article
        Lock icon Storm brewing in Pacific over millennium dawn
        1348 18  -  MILLENNIUM CELEBRATION Hie world is in a competitive frenzy to greet the first snnrise of the year 2000. Bit where will it be? By Nick Hanna Nick Hanna is the author of The Rough Guide to the Millennium which will be published by
        The Sunday Times  -  1,348 words
      • Article, Illustration
        Key to an enlightened workplace
        577 18  -  COVER STORY its practices to allow for more empowerment of workers, By' Tan Su Yen IF A CULTURE of initiative is to replace a culture of anxiety in the workplace, management must allow executives the time and space to flourish, says Claire Chiang, Nominated Member
        577 words
    • PROFILE
      • Article, Illustration
        Lock icon The cowboy who's now the man to beat
        1222 19  -  Joseph Estrada is a firm favourite to replace Fidel Ramos as Philippines' president justdi marozzi joins him for a rally and ends up charmed JUSTIN MAROZZI FT WHEN challenged recently on his moral fitness to become the Philippines' next leader in elections
        FT; FILE PHOTO  -  1,222 words
    • Article
      Kiss fails to thrill audience
      617 20  -  CINEMA The story, script and direction in Kiss The Girls are little better than in your average TV mo vie /fy Shahiron Sahari IF 1996's Things To Do In Denver When You "re Dead was director Gary Fleder's homage of sorts to Quentin Tarantino, then
      617 words
    • Article, Illustration
      Lacklustre independents
      571 20  -  CINEMA Night Falls In Manhattan and City Of Industry tend to poll their {ranches, and lose the intensity of true independent features By\ Susan Tsang Falls In Manhattan Band City Of Industry are two modest offerings, with gritty subjects like corruption in New York and criminals hunting criminals
      571 words
    • Article, Illustration
      Bright, urban solutions
      1150 20  -  innovations The Singapore inventors' showcase featured innovative but staid products, says J Aram JAIME HB THEY say necessity Is the mother of invention. Very true, but just how does one define necessity? Is it what makes Neanderthal man invent a refrigerator, so that he can have brontoburgers
      1,150 words
    • Article, Illustration
      Head for Aubreys for some quiet
      528 21  -  NIGHTSPOT Its extensive wine list makes 19 for its lack of atmosphere By: Michelle Low THERE are times when you want to go to a bar, sit in a comfortable chair, sink into a velvety Pinot Noir and have a conversation without raising your
      528 words
    • Article
      WHAT'S ON
      282 21  -  Compiled by M Yasotha TPATM Golden Child Touching comedy-drama about a Chinese man who is torn between cultural obligation and religious commitment on the eve of his conversion to Christianity. Written by Obie and Tony Award winner David Henry Hwang and directed by James Lapine. Jan 9 to
      282 words
    • EPICURE
      • Article, Illustration
        Lock icon A welcome twist to Alsace food
        655 22  -  tamsutbv samples chef Michel Husser's light contemporary version of the region's cuisine TAN SU YEN ADJACENT to Germany and Switzerland, France's Alsace region exhibits the influences of both its neighbours in its cooking style. Sauerkraut and sausages are as much a part of the
        CHRIS LOH  -  655 words
      • Article, Illustration
        Lock icon There's more to Margaret River wineries
        990 22  -  WINE The region now features fine dining, concerts and exquisite art collections By: Ben Munroe THIRTY years ago, Margaret River in Western Australia was a sleepy agricultural backwater, disturbed only by the occasional bunch of surfers. Now, while the interest in surfing is still
        PHOTOS BY BEN MUNROE  -  990 words
    • Article, Illustration
      CINEMA
      752 23 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). Oriental. Alien
      752 words
    • Article
      ENQUIRIES AND BOOKINGS
      116 23 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Kmpross 777-5867 Jubilee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Bedok 4&2405 Bishan 353-8885 Boon Lay 792-2788 Broadway 454-9394 Majestic 533-9032 Marina 337-9488 Pavilion 786-5788 Tampines 8 786-5788 Hong Bahru 274-6588 Yishun 257-7848 Clement ""-wealth
      116 words
    • TRAVEL
      • Article, Illustration
        Lock icon Party of the millennium
        2772 24  -  All around the globe, preparations are underway for the biggest bash of all time New Year's Eve 1999. So choose now where you want to be, says hick hamm NICK HANNA THIRD of the world's population is expected to celebrate the arrival of the millennium at
        JEN CHIJA  -  2,772 words
  • Page 17 Advertisements
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      32 18 DAY I lM?uy oh a\xJßre'V It's easy. I'll just find ft in The Straits Times Classified. Dad does it all the time. He has been flying even before I started walking. CATS.
      32 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      608 19 Where to wine, dine and entertain... ""t (ol HI -> Uok A o\v you can wear il on the inside I RESTAURANT *MJp* mNE C^lAI Theme Restaurant Fooocourti European countryside f A ambience WUkim ioma I °nd all It Your table is reserved while I Prommgrn you explore our wide
      608 words
    • Advertisement
      Page 19 Advertisements Column 2
      165 19 f 5 ti&r < V 1 /4 fa*n»f Tfa*)ot*r&t t i t *to* > AT MANDARIN SINGAPORE Savour tracfitkma! Chinese New Year favourites with us as we usher in the Year of the Tiger ttys lunar New Year season Caff 331 6262 for mon details. I i H zj—>.-M nwo
      165 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      125 20 NOKIA 1 'm\ V I\i I'l 1 Ch i, i Mum 11, i n Ly d i i A I T,i K''U"'."v: V, V jr. V #ili K Jp J '^^|P >. JKP** 4 Jim Wonq Wei H.. 'Sim---Kj v* Vv mki K Pa- Serecn Ch«.»nq The very special Nokia
      125 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      265 21 NOKIA i^y^fcConnecting People Reach for the phone that adapts to your life, the new Nokia 6110. Now you can 'control' who calls you and when, at clarity that many have claimed is as good as landline. the touch of a button with the new Nokia 6110. There's also our new
      265 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      258 22 GREAT Location Situated within Great World City, between Kim Seng and Zion Road. In the heart of the prime River Valley residential district, straddling the Orchard shopping area and the CBD. ■tiSl WORLD Class Facilities All the comforts of an urban resort lifestyle. Luxuriate in our beautifully landscaped jacuzzi. Work
      258 words
Page thumbnail Page 23
  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      1848 23 TODAY'S TV 9BMMKC9I 2 3 Tom Thunder. is sktsl— s 5Sir 14,1 LOO PM Rugby Union Interna- w N°e n .tZa^ EnBlandVS Jackte Bushbaby MO Basketball: NBA Jam u. ChSnTchi™ U^am. 240 Basketball: NBA Specials T^nSifhi 1 1^"1 f SntaS 3.00 Favourite Classics: Clas- rT^lTe^S^ S,^" S W amOM"° Seme
      1,848 words
    • Miscellaneous
      Page 23 Miscellaneous Column 2
      260 23 RADIO Foul Play, BBC, Saturday, earthquakes? How do &30pan migrating birds find their way Each week, two guest round the world or a investigators are invited to duck-billed platypus catch solve a murder mystery. In prey with its eyes shut? And The Widow's Last Cruise, her do we human beings
      260 words
Page thumbnail Page 24