The Business Times, 14 February 1998

Microfilm: NL21082
Total Pages: 26
1 26 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    21 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c S I N G A P O R E Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, FEBRUARY 14-15,1998
    21 words
  • Article
    MARKET SUMMARY
    67 1 S3™ mm WKLM (47.60) n™ mm MtM (-24.06) PI IT COW mm 137VuM (-30.96) nirau mm MMB (-18.35) OTOCK Minn MMCB8 Friday Change KLSECOMP MM# 11JJ NIKKEI IVt UI HAM3SEMJ *****JM set index man i* JAKARTA COUP _44ai« MANILA OOMP —2JS4J8 -7L47 TAIPEI WPI 8.7H.44 HM SEOUL OOMP
    67 words
  • Article
    FINANCE
    76 1 EXEHMBE KATES* USS St US« lJM3 S 1.837 UN DM IJftl MM YKN 100 0-802 IJI8 MS 92M 1441 HKS 0.129 MI2 BAHT 0.(122 0036 RUPIAH 100 0.012 §020 Interbank rata PHHE1ATE8 SINGAPORE' 1»\ KUALA LUMPUR. 10 45 JAKARTA 2200 BANGKOK 1525 MANILA .27 50 HONGKONG 1025 TAIPH JUM
    76 words
  • Article, Illustration
    Lock icon Jakarta to press ahead with currency board
    1048 1  -  But level of rupi&h-US dollar peg not decided yet: American adviser From S N Vasuki in Jakarta INDONESIA yesterday signalled decisively that it is going ahead with plans to establish a currency board, despite vocal opposition from the International Monetary Fund (IMF) and
    REUTERS  -  1,048 words
  • Article
    Currency board needs extraordinary commitment: Fed chief
    527 1  -  From Leon Hadar in Washington THE US Federal Reserve Board chairman Alan Greenspan had this sober advice for Indonesian policy-makers: "Don't construct a currency board unless you are going to make it work." Unlike top officials of the Clinton administration and the International
    527 words
  • Article
    Lock icon Hold off currency board: IMF
    126 1 Reuters [WASHINGTON) International Monetary Fund (IMF) managing director Michel Camdessus warned Indonesia yesterday against implementing a rigid currency regime now, saying it could damage its crisis-torn economy. "We are of the strong view that this moment has not yet come in Indonesia," he told the
    Reuters  -  126 words
  • Article
    Volatile rupiah roils markets
    564 1  -  Indonesian currency dives 22% before closing down 12.5% By Larry Wee, R Sivanithy [SINGAPORE] Trading on the Asian equity and foreign exchange markets was volatile yesterday, with the direction set by the Indonesian rupiah. The Indonesian currency fell sharply in morning trad ing yesterday, losing almost
    564 words
  • Article
    Let's not be rigid, Dr M says on Singapore ties
    623 1  -  KL prepared to be flexible on issues if S'pore is prepared to compromise hYtw Yang Razali Kassim in Kiuila Lumjrnr SINGAPORE and Malaysia should leave behind their mutual "hang ups" and build upon ties that arc "much Improved" since hitting
    623 words
  • Article
    Lock icon S'pore, Johor to develop hi-tech park in Kulai
    179 1 Foreign investment welcomed at 800-ha site Bernama [JOHOR BARUJ Johor and Singapore are to jointly develop an 800-hectare site in Kulai, 32 km from here, for hightechnology factories, Chief Minister Abdul Ghani Othman said. Singapore Prime Minister Goh Chok Tong had agreed
    Bernama  -  179 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Private home sales down 42% last year
      479 2  -  Supply overhang of private boosing units rose to 17,607 at end-Dec: URA By) Diana Oon DEVELOPERS sold fewer than 900 new private homes in the last quarter, bringing the total number of private homes sold in 1997 to 5,520 units. The number sold
      Source: URA  -  479 words
    • Article
      Marina South site seen drawing low bids
      455 2  -  Developers cite funds problems; URA firm on payment structure By- Ang Wan May THE decision of the Urban Redevelopment Authority (URA) not to change the payment structure of its largest tender, said to be worth more than $1 billion, could result in low
      455 words
    • Article
      En-bloc scheme to redevelop sites: no scale back
      331 2  -  By. Abdul Hadhi THE government will not scale back the Selective Enbloc Redevelopment Scheme (Sers), Housing and Development Board (HDB) chief executive officer Tan Guong Ching said.yesterday. He disclosed this at a briefing to announce two new Sers sites at Telok Blangah
      331 words
    • Article
      BMW beats Merc as Asia-Pac best-seller
      624 2  -  By I Christopher Tan BMW has pulled ahead of Mer-cedes-Benz to be the best-sell-ing luxury marque in the Asia-Pacific the first time it's able to do so in 40 years. In the eight key markets reviewed, the carmaker ended 1997 with close to 1,000
      624 words
    • Article
      NUS students all set to start Net auctions
      334 2  -  Byl Carol Eng THE winners of a local student entrepreneurship competition will turn their idea into reality next month in a joint venture tie-up with listed ST Computer Systems Services. The project Internet auctioning involves setting up a webpage which will act
      334 words
    • Article
      Tang says legal battle with PAP leaders not over yet
      282 2 WORKERS' Party member Tang Liang Hong, who was declared a bankrupt last week after he failed to pay the damages for defamation suits won by 11 People's Action Party leaders, said yesterday that he would not pay them even one
      282 words
    • Article
      Shangri-La staff up in arms over 'golden handshakes'
      422 2  -  By, Ang Wan May STAFF of Shangri-La Hotel Singapore are up in arms over what they say is a "golden handshake" scheme. Unhappy employees called BT yesterday saying that the hotel has embarked on a "golden handshake" scheme that could see a
      422 words
    • Article, Illustration
      Lock icon JTC chief to head Suzhou park project
      281 2 JURONG Town Corporation chairman Lim Neo Chian has been appointed chief executive officer of China-Suzhou Industrial Park Development Company (CSSD) with effect from March 1. He replaces David Lim who has been at the helm of the high-profile China park project since March
      FILE PHOTO  -  281 words
    • Article
      EDB names its new board
      243 2 THE terms of office of the Economic Development Board's two deputy chairmen. Lim Pin and Ho Ching. have been extended. and six new members have joined the board, the EDB announced yesterday. The appointments took effect from Feb 1. Professor Lim. vice-chan-cellor of the National
      243 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      175 2 CRYPTIC CROSSWORD window (8) DOWN 1 "Where there is no vision, the feelings (7) YESTERDAY'S SOLUTION people (Proverbs) (6) 17 An enclosed place might be 2 The traveller remained for an- costlier (8) |AyMmNmcMCMPg|MB| other game (6) 18 The renegade offered a job scof--3 Moved quickly, not being fed (8)
      175 words
Page thumbnail Page 3
  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        515 3 Those polled for their views on the Singapore stock market outlook for next week were: Alliance, Daiwa, Deutsche Morgan Grenfell, Fraser, GK Goh, ING Barings. Kim Eng. Merrill Lynch. Indosuez WI Carr. Singapore Airlines ♦(Buy) Indosuez WI Carr Securities. Feb 12, $12.50 (foreign tranche) Singapore Airlines is
        515 words
      • Article, Illustration
        In My Opinion
        419 3  -  By Chna Sue Wan Equity manager Asset Management (Singapore) Ltd UT T is often said that I there is little love for A the Singapore equity market as it lacks a variety of companies, industries and themes to invest in. This view is changing as Singapore Inc
        419 words
    • Article, Illustration
      Lock icon A volatile period with some good chances
      871 3  -  Fund managers say Singapore represents the best defensive play in the region By\ Shiv Taneja [SINGAPORE] FUND managers and in vestment analysts based in the region have been shouting themselves hoarse for the past several months: Buy Asia now it's going for a
      Sufw HloftttbrK  -  871 words
    • Article
      Currency boards: good news or bad?
      553 3  -  BYE 01V THE REGION: INDONESIA The rnpi&h peg game deals opposite effects on Jakarta markets Fn/m S N Vasuki in Jakarta THE Jakarta stockmarket, which had rallied handsomely after Chinese New Year, reversed most of the gains this week. The sell-off was due to
      553 words
    • Article
      Taking a long-term view of CPF unit trusts
      424 3  -  By\ Shiv Taneja [SINGAPORE] Five unit-,*;, trusts have been launched in less than six weeks, but the ones we want to take a closer v look at are the two CPF-aJ)-" proved unit trusts. The first is Rothschild Asset Management's Five Arrows
      424 words
    • Article
      Unit trust performance ranking
      1439 3 Next pobiieatkNi date: Mar 14.1998 ImM latt trill laia lyr Im lp MmD 22E2 ZZZ 22X2 5 NIcMw-Apptante 8>on Or ZH/V7W U4I S -14 5 Tl5 8 1966 X I0« t 5555 1 ocbc (tow* iiim rrwn iitb 4 -ah 0 -mi a -1147 ft »u
      1,439 words
Page thumbnail Page 4
  • MARKETS IN TURMOIL
    • Article
      Lock icon Moody's cuts rating for Daiwa's long-term deposits
      397 4 Bloomberg, AFP [TOKYO] Moody's Investors Service gave Daiwa Bank Ltd its lowest financial strength rating and cut the major Japanese lender's long-term deposits to one notch above junk, citing its bad loans. Moody's also put three other banks including Bank of Tokyo-Mitsubishi Ltd,
      Bloomberg,; AFP  -  397 words
    • Article
      Lock icon Taiwan defies China and presses ahead in Asian relief fund bid
      448 4 Taiwan banks, firms form private-sector fond to invest in S-E Asia, chiefly M'sia Reuters [TAIPEI] Taiwan defied China yesterday by pressing ahead with efforts to help Asia's crisis economies, forming a private fund to channel capital and vowing to
      Reuters  -  448 words
    • Article, Illustration
      Lock icon Thailand can post a modest deficit: IMF
      430 4 Tough surplus clause eased as country is on path to recovery AFP [BANGKOK! IMF AsiaPacific director Hubert Neiss met Thai Prime Minister Chuan Leekpai yesterday to announce an easing of one of the toughest conditions attached to its bail-out of the Thai economy.
      AFP; REUTERS  -  430 words
    • Article
      Lock icon US turns up heat on Tokyo, urging it to step up reforms
      294 4 Reuters [WASHINGTON) Senior US administration officials turned up the heat on Japan on Thursday, urging it to step up reforms and open its markets or risk aggravating Asia's financial turmoil. US Trade Representative Charlene Barshefsky and Deputy Treasury
      Reuters  -  294 words
    • Article
      Lock icon China's Jan retail prices fall for 4th straight month
      150 4 Bloomberg [BEIJING] China's retail prices fell for the fourth straight month in January, underlining an economic slowdown that could defy government efforts to maintain the value of the currency. The retail price index fell 1.5 per cent year-on-year, showing that there
      Bloomberg  -  150 words
    • Article
      Sing$ as Asean trading unit not realistic: Hu
      226 4 We're small and there aren't enough S$ around, he says [SINGAPORE] Finance Minister Richard Hu yesterday said it is not "realistic" to use the Singapore dollar as the common trading currency among Asean nations. Commenting on the idea put forward earlier this
      226 words
    • Article
      BOT arm waives its special secured creditor status
      622 4  -  Thai bid to boost international creditors' confidence From Harish Mehta in liangkok IN a move aimed at boosting the confidence of Thailand's international creditors, the Bank of Thailand's (BOT) financial arm yesterday waived its special status as a secured creditor of the
      622 words
    • Article
      Lock icon ADB raising US$1b loan for Thailand
      211 4 Reuters I BANGKOK] The Asian Devel opment Bank (ADB) is finalising details of a US$l billion (Ssl.6 billion), five-year syndicated loan to help Thailand boost its exports by March. Thai finance ministry officials said yesterday. A ministry official working on the loan said the
      Reuters  -  211 words
    • Article
      Lock icon KL, frustrated by tardiness, keeps bank merger deadline
      366 4 Goal won't be dictated to by petty issues, says Anwar Bloomberg, AFP [KUALA LUMPUR) Malaysia, signalling that it's frustrated with the slow pace of bank mergers, said banks must announce mergers by the end of next month, a deadline set at the
      Bloomberg,; AFP  -  366 words
    • Article
      Lock icon German banks to put up Indonesian aid package: report
      383 5 Creditors and debtors to meet in S'pore, Jakarta to work ont repayments Bridge News. Bloomberg [FRANKFURT] German banks are to forge an aid package to help solve Indonesia's economic problems, Josef Ackermann, executive board member of Deutsche Bank told the Handelsblatt
      Bridge News.; Bloomberg  -  383 words
    • Article, Illustration
      Lock icon Greenspan: Asia crisis impact on US limited but...
      330 5 Bloomberg [WASHINGTON] Asia's economic crisis should have a limited impact on the US economy, though the effects could be worse if Congress doesn't approve additional funding for the International Monetary Fund. Federal Reserve Board chairman Alan Greenspan said. There is "a small
      Bloomberg; REITERS  -  330 words
    • Article
      Lock icon Asian bankers tight-lipped on Indon currency board plan
      361 5 It's up to Indonesia to decide what system is best: MAS Reuters, AFP [NUSA DUA, Indonesia) South-east Asian central bank officials attending the 33rd Seacen governors' conference in Bali were tight-lipped yesterday when asked about Indonesia's plans to adopt a currency board
      Reuters,; AFP  -  361 words
    • Article
      Untangling Indon financial mess
      797 5  -  A currency board is the solution for Jakarta as It will Instill confidence In the rupiah Ity Kurt Schuler Kurt Schuler, an American monetary consultant, operates a World Wide Web site on currency boards (http://www.erols.com/kurrency) INDONESIA'S move to establish a currency board has quickly encountered scepticism.
      797 words
  • Page 4 Advertisements
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      27 5 =d=l=l=Jl If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call CJLT.S. at 1800-737-1166. t Another Classified Service
      27 words
    • Advertisement
      Page 5 Advertisements Column 2
      174 5 Experience 18 th century romance this Valentine s Day. i **i 1 I M Say 'I Love You' through the nimble hands of a mechanically-animated genius. Your op|x>rtunity to receive a love note specially written by The Writer' when you visit the Mquet-Dro/ exhibition which features rare and intricately-crafted timepieces
      174 words
Page thumbnail Page 6
  • FOCUS
    • Article, Illustration
      Lock icon Ties have improved much: Mahathir
      2573 6 Malaysian Prime Minister Mahathir Mohamad met Singapore journalists in Kuala Lumpur yesterday, ahead of his meeting with Singapore PM Goh Chok Tong. BT's regional analysis editor, Yang Raxall Kasaim, filed this transcript of the interview. Relations between Singapore and Malaysia appear to have taken a
      CHRIS LOH  -  2,573 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      441 6 Baker M^Kenzie INTERNATIONAL LAWYERS Baker McKenne ia the world a largest international law firm. The Firm haa a well established practice In Singapore, which serves aa the hub of the Firm a activities in a number of/uriadictlona In the region It provides a full range of legal services to corporation
      441 words
    • Advertisement
      Page 6 Advertisements Column 2
      19 6 \Win\ili'.)/)/»//( the t>l REGIONAL ECONOMIST kjjjliilg Buy it. Sell It. Find It. Classified. Call Today For Results Tomorrow. jBOO-737-1166
      19 words
Page thumbnail Page 7
  • REGION
    • Article
      Public spending rises 11% to HK$288.8b in draft HK Budget
      626 7  -  HONGKONG BUDGET ESTIMATES Education, housing to get lion's share of funds, reflecting Tung's focus Reports by Loh Hui Yin m Hongkong DESPITE the economic slowdown, Hongkong's total public spending will grow 11.2 per cent to HKJ2BB.B biUion (5561.2 billion) under
      626 words
    • Article
      HK govt expects 30% less land sales revenue
      508 7  -  HONGKONG But govt doesn't say if it will modify sales to boost the market By Quak Hiang Whai THE Hongkong government expects to collect a lot less money from its land sales programme for the next fiscal year, the latest government expenditure
      508 words
    • Article, Illustration
      Lock icon Treasury Secretary to head HK's new IT Bureau from April
      335 7 HONGKONG KWONG Kichi, Secretary for the Treasury who unveiled the 1998/99 budget estimates yesterday, will head the new Information Technology and Broadcasting Bureau which will oversee the development of IT in Hongkong. His job at the Treasury will be taken
      FILE PHOTO  -  335 words
    • Article
      Lock icon Riots erupt in several West Java villages
      292 7 JAKARTA Bloomberg RIOTS erupted in a number of West Java villages near the major city of Bandung yesterday as frustration at rising prices boiled over into violence, much of it targeted at shops owned by ethnic Chinese. Rioting swept thro\igh the villages of
      Bloomberg  -  292 words
    • Article
      Lock icon Manila tycoon Lucio Tan gets tax evasion summons
      183 7 MANILA AFP ONE of the Philippines' wealthiest tycoons, Lucio Tan. and seven colleagues received summonses to appear in a case charging him with tax evasion of more than 25 biUion pesos (SSI billion), court records said yesterday. Mr Tan was summoned by
      AFP  -  183 words
    • Article
      Lock icon Seagate lays off 787 in Malaysia as part of revamp
      243 7 ■PENANG 576 under voluntary offer; meanwhile, Binariang axes 300 Reuters SEAGATE Technology Inc has laid off 211 workers in Malaysia in addition to accepting voluntary unemployment from a further 576, the Malaysian unit of the US data technology company said
      Reuters  -  243 words
    • Article, Illustration
      Lock icon Dressing down for Valentine's Day
      98 7 [MELBOURNE] Brett Wilson, 21. of Melbourne offering a hunch of roses to a lunchtime crowd qf women onlookers yesterday from the window of a department store here promoting a new range of men's underwear in conjunction with Valentine's IJay. Mr Wilson, one of five finalists
      REUTERS  -  98 words
    • Article
      Lock icon No renegotiation, Korean union told
      327 7 ■SEOUL Reuters SOUTH Korea's economic reform council yesterday rejected union demands to renegotiate a pact legalising mass layoffs, after averting a general strike. The Korean Confederation of Trade Unions (KCTU), facing little support from the public, said it called off the strike scheduled for yesterday
      Reuters  -  327 words
    • Article
      NEC to set up major R&D centre in M'sia's MSC project
      546 7  -  KUALA LUMPUR Response to MSC beyond expectations, Dr M tells ronnduble Reports by] Kenneth James NEC chairman Tadahiro Sekimoto yesterday capped Malaysian Prime Minister Mahathir Mohamad's upbeat update on the Multimedia Super Corridor (MSC) project by announcing that the
      546 words
    • Article
      Dr M calls for Asean initiative in e-commerce
      205 7 MALAYSIA'S Prime Minister Mahathir Mohamad has called for an Asean initiative to develop a common approach to the fast-growing area of electronic commerce. Dr Mahathir said such a framework would "provide the basis for discussions to facilitate the development of an Asean
      205 words
Page thumbnail Page 8
  • REGION/WORLD
    • Article, Illustration
      Watergate resurfaces with Monica Lewinsky
      731 8  -  uTTBRnum WASHINGTON Nixon went down; will Clinton? Washington is reeling from a bad case of dqja vu By Leon Hadar LONG-TIME Washington observers who lived in the US capital during the torturous years of the Watergate scandal which brought down President Nixon confess that they
      731 words
    • Article
      Lock icon Asian crisis may clip EU growth by 0.5%: report
      556 8 BRUSSELS Monetary Committee report contradicts official EU view Bloomberg ASIA'S financial troubles will knock as much as half a percentage point off the European Union's economic growth this year, according to a confidential EU Monetary Committee report. The report, a copy
      Bloomberg  -  556 words
    • Article
      Lock icon US Jan import prices 1.3% lower
      353 8 WASHINGTON Bloomberg PRICES US businesses paid for imported goods posted their largest decline in January in almost a year evidence the Asian crisis is forcing businesses in other parts of the world to cut prices. Last month s 1.3 per cent decline followed a
      Bloomberg  -  353 words
    • Article
      Lock icon Foreign-backed firms key exporters out of Shanghai
      225 8 SHANGHAI AFP FOREIQN funded businesses have become Shanghai's major exporters as more and more oVferseas investors invest in .manufacturing projects, Xifthua news agency reported yesterday. Statistics from the Shanghai Municipal Committee of Foreign Trade and Economic Cooperation showed foreignfunded firms accounted for US$5.2
      AFP  -  225 words
    • Article
      Lock icon Japanese turn wary on spending
      146 8 TOKYO AFP JAPAN's household spending in December fell 5 per cent from a year earlier, marking the steepest decline for more than two decades, the Economic Planning Agency said yesterday. Household spending in 1997 fell 0.3 per cent from 1996, the government agency said. It
      AFP  -  146 words
    • Article, Illustration
      Lock icon Murderous business
      39 8 (NKWRY, Northern Ireland) A sign portraying an IRA sniper hanging in the Republican Derrybeg housing estate with a newly added appendage on Thursday. The message comes as violence and murder is ctmtinuing while peace talks falter. REUTERS
      REUTERS  -  39 words
    • Article
      Lock icon Annan should go to Baghdad: Russia
      321 8 MOSCOW Reuters RUSSIA yesterday stepped up pressure on the US to hold back from a military strike against Iraq, again urging farther diplomatic efforts to end the crisis over UN weapons inspections. Foreign Minister Yevgeny Primakov told reporters the search for a diplomatic solution
      Reuters  -  321 words
    • Article
      Lock icon Germany's Q4 export orders slowed to a trickle
      430 8 BONN Forecasts for 0.5% GDP growth cot after govt comments Bloomberg GERMANY'S economy expanded "slightly" in the fourth quarter of last year, the Economics Ministry said, as the flood of export orders that powered growth most of last year slowed to a
      Bloomberg  -  430 words
    • Article
      Lock icon Kohl seeks report on EU's progress toward EMU
      235 8 BONN Reuters GERMAN Chancellor Helmut Kohl has asked Bundesbank president Hans Tietmeyer to report on convergence toward European monetary union across the EU, not just Germany, a government spokesman said yesterday. Mr Kohl has also invited Mr Tietmeyer to attend a cabinet
      Reuters  -  235 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      40 8 DOONESBURY By Garry Trucleau A CAN OF TUNA IT'S NOT&/BN UXXJVP, T HSH. YOU ACTUAL- poNT BRAM?NAME ¥,&£2!s£ KJHY?TOO Iy&HZHEA UKBIT? TUNA FISH- 2gsffi&l' m£aLt A LOT OF TIME BUSY&VP. I J I 23S£ 2%ru%* i "T* r TSmrg*" I
      40 words
Page thumbnail Page 9
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Creative Tech shares jump $5.90 to $36.50
      401 9  -  Rise reflects Wall Street rally, Goldman call; analysts expect price to taper off By, Jennifer Lien [SINGAPORE! Creative Technology shares soared by 555.90 to 5536.50 yesterday, mirroring a stunning overnight Wall Street rally on Thursday, but analysts are hard-pressed to come up with
      Source: Bloomberg  -  401 words
    • Article, Illustration
      Lock icon Brisk sale of houses brings in HK$2b for Sino Land
      438 9  -  Hie May bonanza, makes it defer tarury project Majestic Park From Quak Hiang Whai in Hongkong SINO Land Co Ltd has reaped close to HK$2 billion (*****.8 million) from the sale of some 500 residential units in the last nine
      FILE PHOTO  -  438 words
    • Article
      STIC's travel agency unit to close down
      174 9 [SINGAPORE] A travel agency unit of Singapore Technologies Industrial Corporation (STIC) will be closing next month and yesterday, it gave all but seven of its staff their marching orders. STIC said yesterday that SKT Travel would cease operations on March 2, after which
      174 words
    • Article
      Behind F&N unit's profit rise was an accounting change
      704 9  -  HOCK LOCK SIEW Lee Han Shih POR months analysts have been scratching their heads over how Fraser Neave manages to raise its softdrink profits in a difficult year. The latest F&N annual report, released on Wednesday, provides part of the answer.
      704 words
    • Article
      UPP to stay focused on core businesses: CEO
      444 9  -  Talk of injecting Cathay cinema chain into UPP dismissed Hy Annette Pau (SINGAPORE) United Pulp and Paper Co, which is now controlled by Cathay Organisation's Choo Meileen, will remain focused on its current paper and packaging-related businesses. Chief executive officer Ong Seow
      444 words
    • Article
      Central Properties' net down 62% to $7.7m
      173 9 [SINGAPORE) Central Properties yesterday reported a 62.2 per cent plunge in group net earnings to $7.7 million, no thanks to the dismal performance of the share market. The group, whose activities last year consisted entirely of long-term and short-term investment transactions, also saw
      173 words
    • REGIONAL COMPANIES
      • Article
        And in this corner, UEM minority shareholders
        581 10  -  Today's EGM to vote on UEM's Renong purchase leaves little room for investors By Meera Tharmaratnam in Kuala Lumpur WHEN minority shareholders of United Engineers (M) Bhd walk into the extraordinary general meeting convened at 10 am today to "ratify" UEM's acquisition of
        581 words
      • Article
        Lock icon Globe Telecom net loss widens to 870m pesos
        227 10 Bloomberg [MANILA] Globe Telecom's net loss widened last year as rising expansion costs and a weaker currency outweighed increased revenue from a growing subscriber base. Globe said its net loss grew to 870 million pesos (5535.1 million) in 1997, compared with 751
        Bloomberg  -  227 words
      • Article
        RHB Bank, Bank of Commerce merger off
        433 10  -  Aborted deal a blow toKL'spnshto consolidate sector From Eddie Toh in Kuala Lumpur THE ambitious plan to create the second largest bank in Malaysia through a union of RHB Bank and Bank of Commerce has fallen through. Commerce Asset-Holding Berhad (CAHB) the listed
        433 words
      • Article
        Lock icon See Hup shares gain 20% on trading debut
        250 10 Bernama IKUALA LUMPUR] See Hup Consolidated Bhd ended its first trading day with a net gain of :A sen or 20 per cent over its 2.70 Malaysian ringgit offer price. On the Second Board. See Hup shares soared as hißh as RM3.40
        Bernama  -  250 words
      • Article, Illustration
        Lock icon Honda to boost market share
        415 10  -  /fy< Christopher Tan (SINGAPORE] Honda Motor will outperform the crumbling regional car market, which is estimated to shrink by 40-70 per cent this year, according to a senior official. Satoshi Toshida, a company board member, expects 1998 Honda sales in Asean markets to fall to
        CHRIS LOH  -  415 words
      • Article
        Lock icon MAS sees lower profits
        303 10 Decline in load factors, financial crisis take their toll AFXAsia [KUALA LUMPUR] Malaysian Airline System Bhd (MAS) said it expects to post lower profits in the year to March 1996. The Star newspaper cited chairman Tajudin Ramli as saying that he expects the airline's pre-tax and
        AFX- Asia  -  303 words
      • Article
        Lock icon Murdoch to enter S Korea satellite market
        182 10 Reuters [SEOUL] Global media magnate Rupert Murdoch signed a deal yesterday to enter the South Korean digital satellite market, delivering a shot of confidence to one of Asia's troubled economies. Mr Murdoch's Sydneybased News Corp Ltd signed a joint venture agreement with Seoul's
        Reuters  -  182 words
      • COMPANY Briefs
        • Article
          Kotjo held 11.64% in VDH at Feb 9
          115 10 [SINGAPORE] In a Feb 12 article headlined "Kotjo sells 1.39 m VDH warrants held by Southart", it was reported that Johannes Kotjo held a 0.2 per cent stake in Van der Horst as at Dec 31. Mr Kotjo has written in to
          115 words
        • Article
          Venture unit raises capital
          62 10 [SINGAPORE] Venture Manufacturing subsidiary Venture Meto International has raised its issued and paid-up capital from $3 million to 13.857 million by an increase 0f857,000 shares of $1 each. Venture Meto is 60 per cent owned by Cebelian Holdings, which is wholly-owned by Venture Manufacturing. Venture Meto's
          62 words
        • Article
          Lock icon Hitachi Electronic seeks listing
          122 10 AFX-Asia [TOKYO] Hitachi's fully-owned Hitachi Electronic Engineering Co has applied to list its securities on the second section of the Tokyo Stock Exchange on March 18. Hitachi will sell four million Hitachi Electronic shares out of its total holding of 18 million shares. Hitachi Electronic will
          AFX-Asia  -  122 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Lawsuit brewing between Fox, Paramount: report
        353 11 Fox accusing Paramount of under-selling Titanic TV rights by USs3om, says paper AFP [LOS ANGELES] As box-office receipts pour in for Titanic, a lawsuit is brewing between the partners who financed the most expensive movie of all time, the Los Angeles Times reported on
        AFP; FILE PHOTOS  -  353 words
      • Article
        Lock icon Reuters CEO says it's 'possible' data was stolen
        260 11 Staff may have been overzealous in race against Bloomberg AFP [NEW YORK] The head of Reuters' British operations acknowledged on Thursday that it was "possible" that company employees used stolen information from its American rival Bloomberg, the Wall Street Journal reported on
        AFP  -  260 words
      • Article
        Lock icon Lloyds TSB net profit up 41%, still keen on acquisition
        509 11 Bloomberg [LONDON] Lloyds TSB Group pic said second-half net income rose an expected 41 per cent as mortgage earnings rose strongly and costs fell, and said it is still interested in acquiring another financial institution. The UK's second largest bank
        Bloomberg  -  509 words
      • Article
        Lock icon Kodak buys into firm to expand Net digital service
        223 11 Bloomberg [ROCHESTER. New York] Eastman Kodak Co said it bought a 51 per cent stake in closely held Picture Vision Inc for an undisclosed price to expand services that let consumers store and send digital pictures over the Internet. Herndon, Virginia-based
        Bloomberg  -  223 words
      • Article
        Lock icon Computer Sciences likely to seek other bidders
        383 11 Bloomberg [EL SEGUNDO, California) Computer Sciences Corp is likely to seek other bidders and reject Computer Associates International Inc's US$9 billion (5514.8 billion). US$lOB---share cash offer, analysts and investors said. Computer Sciences said it considers Wednesday's bid from the No 3 independent software
        Bloomberg  -  383 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Japan's banks sell foreign bonds to raise funds
        296 12 Trend set to continue as investors sold net record 3.5 trillion yen in Dec Bloomberg [TOKYO] Japanese investors sold a net record 3.5 trillion yen (5546.7 billion) in foreign bonds in December as cashstrapped banks traded in securities to raise funds, traders
        Bloomberg  -  296 words
      • Article
        Lock icon Prudential takes first steps in becoming publicly-traded firm
        318 12 Listing gives access to capital markets to fond global growth Reuters [NEW YORK] Prudential Insurance Co of America, one of the nation's largest insurers, said on Thursday that it is taking preliminary steps towards converting itself into a publicly traded company. Such
        Reuters  -  318 words
      • Article, Illustration
        Lock icon Greenback in range trading
        404 12 USS/mark: The US dollar range-traded between 1.8062 and 1.8234 for the first four days of the week and was hovering around 1.81 yesterday morning. The unit is expected to continue in a broad range of 1.75 to 1.85. Intermediate resistance is seen at 1.8245 and then
        fearer 0W tart  -  404 words
      • Article
        Lock icon Philippines' Orient Bank seeks buyer
        206 12 Bloomberg [MANILA] Orient Commercial Banking Corp became the first Philippines bank to falter since the currency devaluation last July as the central bank solicited buyout bids from three bigger banks. Orient, a unit of EverGotesco Resources Holdings Inc and among the smallest of the country's
        Bloomberg  -  206 words
      • Article
        Lock icon Asian currency woes boost US banks
        275 12 Bloomberg [NEW YORK] The collapse of many Asian currencies last year sent fourth-quarter foreign exchange revenues at top US banks soaring. Currencies from South Korea to Indonesia rode a rollercoaster in the second half of the year. The wide swings gave currency traders ample
        Bloomberg  -  275 words
      • Article
        Lock icon Euroyen steady as JGBs end firmer
        235 12 nimtM Report Reuters [SINGAPORE) Simex Euroyen futures were steady while Japanese government bond (JGB) firmed yesterday as Tokyo stocks took a bashing on fears Japan would not take fresh steps to bolster its economy. The Bank of Japan's decision to leave monetary policy unchanged
        Reuters  -  235 words
      • Article
        Futures slump despite a firmer Dow
        151 12 MSCI TAIWAN FUTURES ISINGAPOREI The Slmex MSCI Taiwan Stock Index futures contract fell yesterday, despite a rise In the Dow. The February contract was boosted by the overnight gains In the US market during the morning session. Sentiment later turned around and selling from
        151 words
      • Article
        Lock icon Oil prices rise, but strong rally unlikely
        242 12 EMEROY REPORT Reuters (LONDONI Oil prices won a temporary reprieve from Jitters about Iraq yesterday but a worldwide glut of crude continued to make the prospects of a genuine rally remote. North Sea Brent crude crept 19 cents higher to U5514.95 a barrel,
        Reuters  -  242 words
      • Article
        Lock icon CURRENCY REPORT
        274 12 Reuters AFP. London THE US dollar made strong gains yesterday in reaction to fears about instability in Indonesia and concerns over Japan's financial system. At 1245 GMT, the dollar was being traded at 1.8189 marks from 1,8094 on Thursday and 124.72 yen from 124.36. The rupiah plunged in
        Reuters; AFP.  -  274 words
      • Article, Illustration
        Untitled
        1192 12 IMTEKBAMK CROSS RATES Feb 13 I AS C$ ffc ICO m Pw MS t*t»8»m Tan Pan K KNfcKi Nw S$ Wmt Vr 1$ 9att g| Austral* 0.970 1178 0.620 4104 1.224 1224 ***** 54.325 0J4I ***** LSO L67 29.772 ***** 1109 1333 1904 22.159 3U44 148 0075 Cwdl 1031 5.774
        1,192 words
    • Article
      COMMODITY PRICES
      1763 13 SXCOM FUTURES Feb 13 R068CR (Mm ctort* at 530**) RSS 1 CONTRACTU cwtiA«> CtOM Volume OpM Month High Low $ttt (tpw»») (ntKtst Mar 96 128.25 200 Apr 96 132.25 3550 May 98 135.25 3550 Jw9t ***** 50 3250 Jtf/Sep 96 144.50 144.50 145.25 600 4320 Oct/Dec 96 153.00
      1,763 words
    • Article
      WORLD STOCK MARKETS
      2351 13 UMMI '«U 31 Group 30* -10 AB Ports 29V400 2.40C AMey National ne4 -10 UkM Domacq 530 -2 Amec 125 *7 AsdaGrou* 192-400 -2 BATWd 580 *7 BG Pit 313.400 1 B*CC 139 1 BOC Group 944 -10 BP Petroles** 794 10 BTR 162 600 2.400 Sank
      2,351 words
    • Article
      Lock icon TOKYO
      1657 13 AFP Nikkei 225 -383J2 JAPANESE share prices closed 2.2 per cent lower yesterday, pressured by profit-taking on recent gains and selling in bank shares, brokers said. "Many investors took profit on banks, cyclicals. steels and low-priced issues, including heavy engineers." said a broker at a foreign brokerage. Banks were
      AFP  -  1,657 words
    • Article, Illustration
      Lock icon HONGKONG
      1812 14 AFP gHang Seng -345.43 *GKONG share prices plunged 3.3 per cent yesterday on futures-led selling as concerns over interest rates resurfaced amid the financial crisis in Indonesia, dealers said. .-"Market sentiment has bcfcjjjffected by regional problems," said Howard Gorges, vice-president of South China Brokerage. Investors were closely watching the
      AFP  -  1,812 words
    • Article, Illustration
      Lock icon CHINA
      653 14 Reuters. AFP tl Shenzhen B Index -3.45 SHENZHEN'S hard currency B Share Index ended down sharply yesterday due to heavy losses on the Hongkong stock market, analysts said. The B share index shed 3.45 points, or 3.6 per cent, to 93.70 as turnover shrank to HK$2l.7 million from HK524.9
      Reuters.; AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  653 words
    • Article
      Lock icon TAIPEI
      401 14 AFP QWP Index -93.56 STOCKS dipped 1.1 per cent yesterday as late selling wiped out early gains, with investors taking the cue from weak overseas markets to sell technology and car issues. "Raising margin lending interest rates by major capital suppliers and weakness in Hongkong and Japanese stock markets
      AFP  -  401 words
    • Article
      Lock icon WELLINGTON
      260 14 Bloomberg PJ Wellington +013 SHARES closed slightly higher yesterday. Telecom rose after demand for bonds exchangeable for its shares indicated players will be keen for the further planned sale of a 25 per cent stake. The benchmark NZSE Top 40-share Index rose 0.13 point to 2,313.01. Bloomberg FMU ws
      Bloomberg  -  260 words
    • Article, Illustration
      Lock icon BANGKOK
      960 14 AFP QSETUez -936 STOCKS fell yesterday as a new wave of regional financial turmoil began wiping out last week's massive gains. Dealers said the slide was sparked by fears that Indonesia's attempts to peg its sliding ru piah through a currency board system could reign ite the volatility that
      AFP  -  960 words
    • Article
      Lock icon SEOUL
      464 14 AFP Q Composite Index 429 SHARES closed lower yesterday with uncertainty over the financial and labour markets offsetting opening gains on a cancelled general strike. Falls in regional markets weakened sentiment while investors intensified profit-tak-ing and sold blue chips. Cancellation of the strike set for yesterday led to a
      AFP  -  464 words
    • Article
      Lock icon SYDNEY
      641 14 AFP fl All Ordinaries -2L3 SHARE prices fell yesterday after being dragged down by markets in Hongkong and Tokyo, brokers said. A broker said the Asian crisis continued to affect the market but noted another factor: "We also have the Friday jitters and though we can't get too superstitious
      AFP  -  641 words
    • Article, Illustration
      Lock icon JAKARTA
      762 14 AFP Q Composite Index +5J87 SHARE prices closed higher yesterday on a technical rebound despite renewed weakness in the rupiah and confusion over the implementation of an exchange-rate peg. The Composite Index added 5.87 points to 448.16. Turnover was 1.3 billion shares worth 826.1 billion rupiah. The rupiah was
      AFP  -  762 words
    • Article
      Lock icon MANILA
      352 14 AFP n Manila -7L47 SHARE prices fell 3.3 per cent yesterday due to a combination of profit-taking, the weakening of the local currency and negative developments concerning an index issue. The PSE Composite Index fell 71.47 points to 2,094.98. Turnover was 2.2 billion shares worth 2.3 billion pesos. Meralco
      AFP  -  352 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        9154 15 INDUSTRIALS Consumer products 1998 Last Vol Da* Net Cap Hlqh Low Company Solo 000 Hlqh Low M Jin" 310 180 Ajinomoto 285 19 3 285 280 15.8 115.5 148 73 Anqkasa 121 3 29 121 108 2 8 178.4 290 123 Apollo Food Hlq 230 -15 5 230 210 6.7
        9,154 words
      • Article, Illustration
        Lock icon Shares sharply lower as ringgit falls
        548 15 AFX-Asia Q Composite Index -1L93 SHARE prices closed sharply lower on concerns over the fall in the value of the ringgit after a strong recovery over the week and amid concerns over the political situation in Indonesia and its plan to adopt a currency
        AFX-Asia  -  548 words
    • WARRANTS & OPTIONS
      • Article
        Renong wrt: caution needed
        195 16  -  WARRANT WATCH By R Sivanithy MALAYSIAN stock Renong has been at the top of the actives list for some time now, both in Singapore and Kuala Lum pur. We've avoided featuring the Renong warrant in this column because of the highly speculative element apparent in its
        195 words
      • Article
        Untitled
        3623 16 BOIflLiattlS ft WARRANTS m imt/m Last Vol 0*V Lilt Own Ay« HIqH Law it no Company Sa4a »«f- COOP) Mtgh Low Bvyar Sa4lar Prica 6fl "9m 3000 m AMOB c5.5******6 17 unch 37 17 15 81 8 3140 "Acar ******1 US$ 16 0.5 81 16 15 16 18 13T 8.5
        3,623 words
    • Article
      CLOB INTERNATIONAL
      2210 16 Transaction Date :reb 13 MAUVflftM STOCKS 6r Cr 19*7*8 La*t V« D*v LSI Owl* »>»<««* C*p u. C«»»n *h POOOI t— «—W C-w M >«* 478 28 mi SOOO AiS850c "3 *4 2*59 tB 91 lO «3 SO 53 IX) 4SX> "5-9 1J7 12.5 mt 5001 AM08 50C
      2,210 words
    • Article
      STOCK EXCHANGE OF SINGAPORE
      1345 17 TURNOVER ('000) VAlUirOpO)* Krtw Q» T«W MO» 6» T»w MwtrM 119,920 182,222 498.142 2J7,74» ""M* nmet 17.797 m.422 12*219 nwji 78.«7 nj.Tr; Hottte 2.749 8.933 U>l W ».024 ProaartWS 109,942 134.223 57.258 50.344 KJ7.602 Plantation *247 18.247 *539 MM 4.600 4400 V* 1 3,761 8LW <279
      1,345 words
    • Article
      MAIN BOARD
      5043 17 Transaction Date: Feb 13 Or Or M art ,007/9. List V*4 0*V LMtOMt* OtV ON Y* Nat C«f A«q t— mm m» room wi» um un»> c-»r 0/1 Mi **4 ttOUSTRIALS 157 10.3 1020 AC£ DynaiMci60c 39.5 *0.5 31 39.5 ST 30 39 5 5146 ASC NT$10 200
      5,043 words
    • Article
      SESDAQ
      1028 17 Of «r M wr WT/N IMI V* UMOwta Dk M> VN M C<* A«o Lm SSN* C»m»»t»T *aM fjjjj Htfk 0«YW Mk M Cw M/t >4n0 lrtC4 IM 74 2000 MMQ« 1c IU IS n» to* WT >11 lO 4.0 01 WOO <11 120 440 74 KM ISMtlOc 1*2
      1,028 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      779 9 ——I 01 H H H H H H H H H H H H H H H Hi H H H H H Business is Booming li By Terrence McNamara. Business Owner Trophy Dog Food irt Thousands of businesses around the world are counting more dollars •An accountant who doubled
      779 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      107 10 Craning Up Wilh "ASIA 21" YES! Send me 12 issues of ASIA 21 for 5564.27 (md. of GST). I save 35% off the cover price! fl Cheque payable to PHP International (S) Pte Ltd enclosed. issue Charge to my credit card: DVisa DMasterCard DDiners DAmerican Express Card No: 1 1
      107 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      1141 11 CENTRAL PROPERTIES LIMITED I AND ITS SUBSIDIARY COMPANIES (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT I UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1997 1. Unaudited Profit and Loss Accounts The Group The Company 1997 1996 Change 1997 1996 Change SS'OOO Ss'ooo SS'OOO SS'OOO Turnover 20.862 48.352 56.9 36.092
      1,141 words
Page thumbnail Page 12
Page thumbnail Page 13
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      74 14 Hello, I'm x-n. j f calling about See...l told The card we re the computer V OO this was a makin B for Susan J I advertised in deal. Yup, we got what Vis going to be J The Straits Times J f S I we wanted because real nice!
      74 words
Page thumbnail Page 15
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      20 16 your donj^^V f£* girlfriend. N _> —j Buyin*orsellin<through The Straits Times Classified is child's play. Call C.A.T.S. at 1800-737-1166.® I L
      20 words
Page thumbnail Page 17
Page thumbnail Page 18
  • STOCK EXCHANGE OF SINGAPORE
    • Article
      Untitled
      200 18 JMjKnq BM 50c 126,009,000 •£5jfcpacific Bh 75,632.000 *M Resources 50,988,000 *MBf Capital 43,600,000 •Renooq WtOO 30,227,000 Asia Footf Prop 20,559,000 •MBf HWgs 50c 18,434,000 •Promet 17,281,000 •Multi-Purpose 16,897,000 •DBF Land BM 16,433,000 Stocks •Renong BM 50c 88,684,235 *M Resources 49,395,440 U08 Foreign 39,067,137 OCBC Foreign 37,408,165 •Retapacifk Bh 31,841,445 •MBf
      200 words
    • Article, Illustration
      HOT STOCK
      62 18  -  :-by Shiv Taneja MALAYAN UNITED INDUSTRIES closed two cents higher yesterday at 45 cents on a volume of million shares, compared with its 10-day trcukd average of 5.5 million units. The daily and weekly RSI and stochastics are well past 75, and while the stock might see upside
      62 words
    • Article, Illustration
      Lock icon Dealers baffled by wild swings in the market
      700 18  -  STOCK MAUBT COMMENTARY Gyrations also seen in rupi&h and ringgit; some observers stick to theory of manipulation of stocks and currencies by large hedge fnnds R Sivanithy [SINGAPORE) Local and Malaysian stocks swung from one extreme to the other yesterday, as investors
      Chart info from Bridge  -  700 words
    • ON THE GRAPEVINE
      • Article
        We are equally surprised!
        121 18 MANY listed companies in Malaysia have a standard response when queried by the exchange on sudden price movements of their counters. Besides saying that there is "no material development which has not been disclosed", they would also say that they are "unaware of any reason to
        121 words
      • Article
        Going nowhere
        83 18 A REGULAR contributor to this column called yesterday to say that he hit upon the reason why cruise liners in town are doing so badly and are having to resort to giving customers 1450 worth of freebies for an $80 ticket. For one, he said, people are now
        83 words
      • Article
        Fowl trade
        140 18 MANY people including Nobel winner Milton Friedman have long admired Hongkong for its entrepreneurial spirit. The latest chicken crisis in the territory could attest to that With the severe shortage of chickens following an import ban to stem the deadly bird flu which killed six persons, scalpers are
        140 words
      • Article
        It's just a Joke, baby
        112 18 THIS is how rumours arc born and multiplied. A BT reporter attending a recent unit trust launch was congratulated on his promotion. An acquaintance known for hla persistent ways caught the tail-end of the conversation, and asked what all the verbal bouquets were for. "Oh,
        112 words
      • Article
        The oldest profession
        106 18 GREEK archaeologists appear to have found evidence that prostitution is truly among the world's oldest professions, unearthing what they believe is a 2,000-year-old brothel in the northern city of Salonika. Reuters, citing the daily Athens News, said among the artefacts found so far are a clay phallus
        106 words
      • Article
        Life insurance in Indonesia
        47 18 DUTCH financial services group ING will soon start selling life insurance in Indonesia, reported a Dutch financial newspaper. ING said its preparations were not affected by the economic crisis or public unrest in Indonesia, where it has been selling non-life policies for years.
        47 words
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      407 18 BUSINESS Notices M THE MATTER Or THE COMP AMIES ACT CAP 80 AMD IM THE MATTER Of EAST ASIAN CONSULTANCY (SINGAPORE) PTE LTD QN MEMBERS'VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING WTICE IS HEREBY GIVEN pur*uant to Section 306 o* the Companies Act. Cap SO. met Final General Meeting of the
      407 words
    • Advertisement
      Page 18 Advertisements Column 2
      70 18 CORRIGENDUM Re: BT 10/2/98 Application for Liquor Licence The type of Licence for NauucaJ Cafe should be First Class Public House Licence (Extended), instead of First class Liquor Licence. BUYz> SELL FIND;; Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always
      70 words
    • Advertisement
      Page 18 Advertisements Column 3
      20 18 To advertise call toll-free 1800-741 1883 Put The I Straits Times I Classified to work I for you today. I
      20 words
    • Advertisement
      Page 18 Advertisements Column 4
      64 18 fik IH H TheßusinessTimes THERE ARE 25 CYC VOUCHERS WORTH SSISO EACH TO BE WON THIS WEEK. AND A GRAND DRAW IN MARCH WITH 555.000 WORTH OF CYC VOUCHERS. 'Exclusive for The Business Times Readers. Fancy a shirt in executive stripe fabrics from Austria with monograms and French/double cuffs? Come
      64 words
Page thumbnail Page 19
  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Selling bliss in troubled times
      1318 19  -  Despite the gloomy economic outlook, it's full steam ahead for Singapore's fast expanding spa industry, ta* so ran has the details TAN SU YEN Stressed from calculating the paper losses on what used to be your million-dollar home? Reeling from the stock market and currency
      DESIGN: JEN CHUA  -  1,318 words
    • STRAWS In The Wind
      • Article
        Home on the Net
        183 19 THE INTERNET has proved to be a rich source of wit and wisdom. Here are some gems from a keen observer of Singaporean mores: Now that there are fancy electronic signboards on our roads and highways that display information like traffic jams and weather reports, it
        183 words
      • Article
        Cutting edge education
        39 19 SOMEWHERE in the East Coast, there's a school called the Raffles Dress Cutting Girls* School. Wonder if it's a sister institution to the Raffles Girls School for girls who prefer to be on the cutting edge.
        39 words
    • ENTERTAINMENT
      • Article, Illustration
        When things get tough, the tough get naked...
        840 20  -  CINEMA The Foil Monty, which celebrates the resilience of six penniless underdogs, offers some surprisingly heartwarming revelations By I Susan Tsang THE Full Monty takes a ragtag bunch of men, all united by being broke, and turns them into strippers. To differentiate
        840 words
      • Article, Illustration
        All in the name of romance
        866 21  -  NIGHTLIFE Visit the Garden of Eden, sign np for a Passion Paradise Package, or join in a Valentine's Day Massacre. Whatever yon opt for, make it an evening to remember By Ben Munroe CUPID shoots his arrow, card shops do a bomb and restaurants
        866 words
      • Article, Illustration
        WHAT'S ON
        344 21  -  Compiled by M Yasotha WCUET1 Intempo *08 Commemorating its 30th anniversary, the NUS Symphonic Band will perform Gustav Hoist's First Suite, Philip Spark's Music for Festival and James Barnes's Symphonic Overture. Conducted by Darence Lim and Tan Wei Ming. Feb 18. 8pm at Victoria Concert Hall. Tickets: S8
        344 words
    • LEISURE
      • Article, Illustration
        Calculating the cost of love
        960 22  -  How much serious money are you willing to spend on your sweetheart to make Valentine's Day a truly special occasion? jaimbhb finds out JAIME EE A MAN pestered the staff of a local five-star hotel for an entire week to decorate one of its rooms
        960 words
      • Article, Illustration
        Buying time for romance
        718 22  -  COLLECTIBLES Feeling tongue-tied on Valentine's Day? Let a Jaquet-Droz original and your lif file KtUwfl do the talking Bj/) Ben Munroe "HOW much do you love me?" The inevitable words crop up in every relationship, perhaps oi) Valentine's Day, but usually around the time when things
        718 words
    • COVER STORY
      • Article, Illustration
        Lock icon Therapeutic treatments
        364 22  -  SPAS Renewal UE aims to be the sort of spa doctors will recommend as a follow-on from medical care w Tan Su Yen THE NKXT generation of spas, says industry pioneer Elizabeth Wong, will do more than pamper. Mrs Wong is a director of Spa Management Consultants which
        CHRIS LOH  -  364 words
    • EPICURE
      • Article, Illustration
        Lock icon Canned bistro cuisine
        650 23  -  The trick, when dining at Maison de Fontaine, is to go for items on the menu that clearly require the use of fresh ingredients from the market says jadse hb JAIME EE I DON'T really know what to think about a restaurant that serves canned food. I'm
        CHRIS LOH  -  650 words
      • Article, Illustration
        Two months of strawberries
        325 23  -  TEA Enjoy them in more ways than one at Alkaff Mansion's Verandah Bar By Tan Su Yen TAKE tea on the verandah of an old bungalow and get a taste of the good life the "Ma'ams and Tuans" of colonial times enjoyed. Alkaff Mansion in Telok
        325 words
      • Article
        Lock icon Facing up to your irrational fear of fondue
        514 23  -  m FOOD An Austrian chef is offering what must be the world's one and only aversion therapy course in fondne By Kevin Pilley FT FONDUES and Switzerland are inseparable. Fondues are also synonymous with feelings of acute nausea, biliousness and disgust. A
        FT  -  514 words
      • Article, Illustration
        Pancakes hot off the griddle
        450 23  -  PROMOTION Roll ap for a meal of crepes, both sweet and savoury, from Louise Le Palud Ity Tan Su Yen CREPE chef Louise Le Palud spent the better part of 24 years bent over not one but two hot griddles. The first griddle, set on
        450 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon Not satisfied with success in subtitles
        1325 24  -  Film-maker Zhang Yimou, one of China's first celebrities, talks to jambs hardxxo JAMES HARDING FT THERE are a lot of important people in China, but precious few celebrities. Zhang Yimou is one. He is director of the films that have shaped the western perception
        FT; FILE PHOTO  -  1,325 words
      • Article
        Lock icon Caught in the worldwide cultural web
        1183 24  -  H COMMENTARY A celebration of the essential individuality of local traditions in the arts By. Andrew Clark FT GLOBAL markets, global technology, global arts but the more global culture becomes, the less artistic. The world is in the grip of a cultural internet. By
        FT  -  1,183 words
    • Article, Illustration
      CINEMA
      796 25 The Edge. Gritty outdoors movie that has Anthony Hopkins and Alec Baldwin crash their plane in Alaska and then face the challenge of the wild. Previewing at Lido, Hougang, Jurong, Choa Chu Kang, Century, Yishun, Bishan, Tiong Bahru, Boon Lay, Tampines, GV Marina, Empress, Whitesands, Jubilee, Toa Payoh, Orchard,
      796 words
    • Article
      ENQUIRIES AND BOOKINGS
      126 25 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Bn|Wth Empress 777-5867 Jubilee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 OolduVlllua Bedok 443-2405 Bishan 353-8885 Boon Lay 792-2788 Broadway 454-9394 Majestic 533-9032 Marina 337-9488 Pavilion 786-5788 TampineB 8 786-5788 > Tiong Bahru 274-6588 Yishun
      126 words
    • TRAVEL
      • Article, Illustration
        Lock icon Leaving a lasting impression
        1274 26  -  Though few would regard Western Australia as a major art centre, a tour of its many galleries soon yields exciting discoveries, says bbwmumkoe BEN MUNROE WESTERN Australia is famous for many reasons: the state capital Perth, the harbour town of Fremantle, and the Margaret River and
        PHOTOS OF INDIGKMART BY BEN MUNROE  -  1,274 words
      • Article, Illustration
        Two shows on the Asian experience
        499 26 EXHIBITIONS Hy Ben Monroe AMONG the ever-changing exhibitions at The Art Gallery of Western Australia are two that are of Interest to art lovers in Singapore. Already showing is Traditions/ Tensions: Contemporary Art In Asia, a controversial exhibition curated by the Asia Society in
        499 words
  • Page 19 Advertisements
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      134 20 VHb J J I i Thagqood news to 1,2 million readers! 1 9MD I t of significant growth for r .ho group. Mn listings are significant milestones and it is to the I advantage to build up awareness of its corporate^, I r lyairreljML/f 1 v'-'. it cominuo' I :r
      134 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      165 21 Where to wine, dine and entertain... This alentine s, vour s. •> wire... aWE ITE V I LT.VTLI Daily A La-Carte menu. f Western and local t favourites chefs m K a is V Mat JM speciality top selling Pf m I 4S Hainanese Chicken Rice, vNF ftfaf Nasi Goreng
      165 words
    • Advertisement
      Page 21 Advertisements Column 2
      216 21 MaHwlSqMare I lESTAUIAWT IHiCOyr WINE CtllAl I 1 @#T* k fct Theme tomm Fooocourt Sel WenM i SOUR'SALAD 522 J 1 MAIN COURSE 1 OP4 Filet 'Mignon' with Shallot Red Wine Jus OP Salmon Fillet 'Rose' -Lfc kv'fh 'Bell-Pepper' Sauce Sa/red Slipper Lobster 'Oscar' W* vv/t/i Prawn Bisque DESSERT COFFEE
      216 words
    • Advertisement
      Page 21 Advertisements Column 3
      157 21 I WHAT HAPPENS H WHEN YOU ADD 3 A DASH OF ij ITALIAN PASSION WITH A PINCH OF J CHINESE WISDOM? |S You be the Judge 4 p OLO wwos I J •m*troii 41 Opt mm hurt from ll.)0aml» 12.)0*m 31 < 25 Sflli RoaJ, Smgsftrt *****0 HI Ftr riitrvsitnii.
      157 words
    • Advertisement
      Page 21 Advertisements Column 4
      199 21 SUPPER TIME AT Try our sumptuous TAIWANESE PORRIDGE 10.00pm 3.00 am daily lull tiling a la-cartc menu of \aricd I aiwaiU'M 1 ilis|u*s como >cn til iilt either plain or sweet potato porridge. to&"ixpve you' With Chocolates Express your love wrih a tantali singly delicious Strawberry or Chocolate heart-shaped cake.
      199 words
    • Advertisement
      Page 21 Advertisements Column 5
      128 21 I M "M I ENJOY 25% SAVINGS j ONYOUR j 2ND DRINK ONWARDS j AT THE MEZZANINE jj I i CAFE BAR THIS MONTH Join us in our i 25A Anniversary Celebrations j jj «i*r— jj jj I 333 Orcfcaid Road. Singapore *****7 r J Tel: 831 6286 Fall in
      128 words
Page thumbnail Page 22
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      53 23 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. t Another Classified Service Hi See Sunday (jaikW a Sumluy Humified hjkvlul (iii antl({iiCB, collectors' Items, und urUi crafts /jSa JBjSL=^ Come to The Straits Times "Open House" first for thai new home, office
      53 words
    • Advertisement
      Page 23 Advertisements Column 2
      38 23 6i% i "1 r v *i y it' j »3 < '< Michel Roux of utkjwftCr l -.*l at LES AMIS 18TH 22ND February 1998 Call *****25 for information and reservations 85 1 SCOTTS ROAD #02-16, SHAW CENTRE SINGAPORE *****jgg
      38 words
Page thumbnail Page 24
Page thumbnail Page 25
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      660 25 »Mninnin)BP VnWDTO Wnmpn in agrees to marry an older vJIIItJII 111 mail (Danny Aiello) and f yX then falls in love with his younger brother (Nicolas California Woman, spm, Cage). ChS A prehistoric woman is The Chronicles Of Narnl*, woken from a thousand 4pm, Premiere 12 year sleep into the
      660 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      1343 25 TODAY'S TV I 330 Urmel. I 130 Mutant League I 0.00 AMTVSN 4,00 Ya AUf ventures. L W 4-30 Taman Sesame. 10.00 TVSN Jewellery Prom a.OO Jackie Her Bushbaby In 11-00 TVSN Enter 1 530 Denver. The Last Dino--12.00 NN TV Innovations. I a.OO Kaanbom Karpom LOO PM Soccer: The
      1,343 words
Page thumbnail Page 26