The Business Times, 7 March 1998

Microfilm: NL21173
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA(P) 110/12/97 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, MARCH 7-8,1998
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  • Article
    MARKET SUMMARY
    66 1 P9 sm M lff7Lls (-8.53) BT-SRI «M 7 (-4.32) PIBTCOMP mm (-11.53) nwtuok mM 807J7 (-7.41) STOCK inn DQHCEB Friday Change KLSEOOMP MUX NIKKEI 17,1*1 J7—+***** HANG SENG 10,919.53 +***** set index mm -111 JAKARTA OOMP §1123 -4* MANILA COUP 2J8LM -*M TAIPEI WPl 8847.68 +82J3 SBOULCOMP *****
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  • Article
    FINANCE
    72 1 uss ss US» L639 I 1.638 1683 DM 9JM 9M6 YEN IN 0.786 1589 18 UK 0.418 HW 1.129 M12 BAHT 0.023 0.037 HJHAH 100 0.010 0.017 interbank rotes FUME BATES SINGAPORE* 7 85 KUALA LUMPUB 10,45 JAKARTA 2100 BANGKOK 1525 HMttLA .27.50 BBNGKQNG 1015 TAIPEI SHWST 5.00 TOKYO
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  • Article, Illustration
    Lock icon Petronas buys shipping arm of ailing Konsortium
    1034 1  -  No figures disclosed; both parties deny it's a bailout of Mirzan Mahathir's vehicle From Eddie Toh, Meera Tharmaratnam in Kuala Lumpur NATIONAL oil corporation Petroliam Nasional Berhad (Petronas) has acquired the entire shipping business of cash-strapped Konsortium Perkapalan in a cash deal which
    Compiled by BT  -  1,034 words
  • Article
    OCBC and OUB post 18% earnings fall
    281 1 [SINGAPORE] OCBC Bank and Overseas Union Bank (OUB) yesterday posted almost identical falls in net earnings of 18 per cent last year as both made exceptional provisions for problem loans to the region. OCBC's 1997 net profit fell 18 per cent to $581.1
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  • Article, Illustration
    Lock icon Bumpy ride for Asean currencies
    460 1  -  But only rupi&h, won close weaker; stocks ease in most markets By] Larry Wee, R Sivanithy [SINGAPORE] It was a seesaw day for Asean currencies, with the Malaysian ringgit first falling below 4 as the Indonesian rupiah weakened sharply, and then recovering to close the
    Source: Dow Jones  -  460 words
  • Article, Illustration
    Lock icon DBS Asset Mgt sweeps top honours
    779 1  -  1997 INVESTMENT FOND AWARDS Hie other big winner is UOB Asset Mgt with three awards By I Shiv Taneja [SINGAPORE! Each of the winning unit trusts at last night's 1997 Investment Fund Awards made money for their investors no mean feat at a time
    CHRIS LOH  -  779 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      127 1 IHMIIH Asaloftete To work, to stay home, to marry, to have children, to stay single womanhood is very much about choices. For International Women's Day, we take a look at how these choices have worked out for the Singapore woman, ELI H Priaesare fir readers, Ml writers She is a
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      Page 1 Advertisements Column 2
      4 1 Full reports, Pg 9
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      Page 1 Advertisements Column 3
      65 1 Retail unit trust sector promising: Mrs Sam, Pg 2 More than $46,000 raised for charity, Pg 2 Profiles of the winners, Pg 4 Standing tall: Winners and their figures, Pg 4 V ALFRED DUNHILL LONDON The New AD 2000 Carbon Fibre Fountain Pen AVAILABLE ONLY AT ALFRED DUNHILL SHOPS IN
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Electronics leads 3.9% dip in manufacturing output
      304 2  -  EDB attributes Jan decline to plant shutdowns daring the festive holidays By, Jennifer Lien MANUFACTURING output fell 3.9 per cent in January, dragged down by a 4.5 per cent drop in output of electronic products as well as declines in specialty chemicals and
      Source: Bloomberg  -  304 words
    • Article, Illustration
      URA issues details on utility tunnels in new downtown
      492 2  -  Tender period for first site at Marina Blvd extended By, Ang Wan May THE Urban Redevelopment Authority yesterday fleshed out details of a $1.35 billion network of utility tunnels to be built in the new downtown district, and said it would
      492 words
    • Article
      Retail unit trust sector promising: Mrs Sam
      358 2  -  1997 INVESTMENT FUND AWARDS Reports by Shiv Taneja THE release of some $25 billion of public sector funds over the next three years will hasten the growth pace of the fund management industry, while the retail unit trust sector looks very promising, Elizabeth
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    • Article, Illustration
      Lock icon More than $45,000 raised for charily
      205 2 THE 1997 Investment Fund Awards held last night at the Ritz-Carlton Hotel went a lot further than just honouring the top performing unit trusts: it was a way for the industry to make a meaningful contribution to society by giving to charity. More than
      ARTHUR LEE  -  205 words
    • Article
      Lock icon Indonesian businessman wins appeal, libel suit against SPH to go to trial
      374 2 The Straits Times INDONESIAN businessman Peter Gontha, who lost a libel case against an international accounting firm last year, has succeeded in his appeal against a lower court's decision to strike out his suit against Singapore Press Holdings
      The Straits Times  -  374 words
    • Article
      Currency fluctuation is local firms' top concern
      390 2  -  Though weaker Sing dollar seen as good for business: survey By i Audrey Tan CURRENCY fluctuations top Singapore firms' list of concerns, though three in 10 companies also see the Sing dollar's depreciation as the most positive factor for business, a recent survey
      390 words
    • Article
      Lock icon IMF must tackle effect of quick fund transfers: PM Goh
      448 2 The Straits Times THE International Monetary Fund (IMF) may have to draw up new rules to prevent the rapid transfer of large amounts of currency across borders from destabilising the world's financial system, said Singapore Prime Minister Goh Chok Tong.
      The Straits Times  -  448 words
    • NEWS Roundup
      • Article
        Internet access to statistics dept
        67 2 FIRMS may now submit statistical data to the Department of Statistics (DOS) via the Internet. Chief Statistician Paul Cheung said yesterday the Electronic Transmission erf Returns (ETR) —the first Internet application for statistical data collection in Asia—enables secure submission of statistical information through the Web..
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      • Article, Illustration
        SM Lee's wax model on display
        61 2 SENIOR Minister Lee Kuan Yew unveiling yesterday a waxwork of himself, created by the sculptors of London wax museum Madame Tussaud's. The figure will be on display at Travel Fair '98 at the World Trade Centre until tomorrow. Mr Lee joked: "I hope Madame
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      229 2 CRYPTIC CROSSWORD 5 How wheels manage detours? -——IH 1 I 9 London circus crossing river —mm UhJ LaJ— LnJ LhJ— 10 From Ben Nevis, takes the 11 Port found in the cellar? Never Reached shirt caught in JmZ ZjBLZjBLZMBIi 18 Direction minor takes before 20 Mongrel angry with food was
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      187 3 mam PAN-WTST 0 Ij Pan-West is proud to present the Pan-West Master Card. The Card that combines the flexibility of the world's internationally accepted credit card with all the CiAififi) H privileges from the region's premier golf retailer. 5400 vJw b»»S A whole world of exciting benefits and privileges await
      187 words
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  • 1997 INVESTMENT FUND AWARDS
    • Article, Illustration
      Lock icon Clean sweep, thanks to varied bonds, US bull
      1053 4  -  DBS Asset Management Reports by I Shiv Taneja [SINGAPORE] A RAGING bull market in the US and a well-diversified bond portfolio ensured DBS Asset Management a clean sweep in the overall winner category for both the one and three-year periods. Also, the
      ARTHUR LEE  -  1,053 words
    • Article, Illustration
      Lock icon Taking top places in 3 categories
      770 4 UOB Asset Management UOBAITs global, Japan and Apec funds are winners IT MAY not have been a clean sweep like at the inaugural awards in 1996 where it picked up five of the seven trophies up for grabs, but still, UOB Asset Management managed
      ARTHUR LEE  -  770 words
    • Article
      Standing tall
      578 4 OVERALL WINNERS One Year: DBS US Growth Fund Three Years: DBS Shenton Income Fund WINNERS I i r.f Iflr rimto 1 YEAR RETURN 1-YEAR 1-YEAR OUTPER- rUIKW Single Country Funds Be *j™ AflK UOB United Apec Equity 1.75 U06 United Japan Grmrti 4.68 -15.95 2454 Schroder NckIFi Asia
      578 words
    • Article, Illustration
      Teamwork and nose for stocks
      392 4 Morgan GrenfeU Investment Management MD explain* the key to two unit trusts' good showing [SINGAPORE) A combination of teamwork and strong stockpicking was the key to the good showing by the two unit trusts from Morgan Grenfell Investment Management, its managing director James Goulding said.
      392 words
    • Article, Illustration
      Bond fund with a 16% return
      215 4 Citibank Global Asset Management [SINGAPORE] If you think investing in bonds produces meagre returns, think again: Citibank Global Asset Management's Citi Global Bond Fund saw a 16 per cent return last year almost twice that of its benchmark, the JP Morgan Global Bond Index.
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  • FOCUS
    • Article, Illustration
      Lock icon Habibie: the man who could be president
      1712 5  -  Suharto's protege may well prove sceptics wrong Reports by' Yang Razali Kassim [JAKARTAI SINCE Abri, the Indonesian armed forces, declared its support for Dr Bachruddin Jusuf Habibie as the next vice-pres-ident, life has not been the same for the diminutive Minister for Research
      FILE PHOTO  -  1,712 words
    • Article
      No change in Abri support under Wiranto
      220 5 THE Indonesian military, under its new Commander-in-Chief General Wiranto, will remain f]rm in its support for B J Habibie as vice-president, Abri's spokesman Brig-Gener-al Abdul Wahab Mokodongan said. The military is also open to the possibility of Dr Habibie taking over from President
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  • Page 5 Advertisements
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      1187 5 11 Overseas Union Bank Limited I I I (Incorporated in the Republic of Singapore) I II ANNOUNCEMENT I I I The Board of Directors of Overseas Union Bank Limited wishes to announce I I I 1 AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1997 I II Th« Croup The
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  • MARKETS IN TURMOIL
    • Article
      Lock icon Bank Exim said to have forex losses of US$2.2b
      299 6 Confidence shaken, rupiah dives past 12,000 intra-day AFP [JAKARTA] Massive foreign exchange losses reported at Indonesia's state-run Export Import Bank and a fresh slide in the rupiah sank South-east Asia's largest economy into further turmoil yesterday, dealers and analysts said. Bank
      AFP  -  299 words
    • Article, Illustration
      Lock icon Country Heights denies sale of luxury hotel to Brunei Sultan
      538 6  -  BRUNEI-MALAYSIA LIMES Aussie report says there is talk of saltan on USs2b property buying spree in BTsia By\ Meera Tharmaratnam in Kuala Lumpur COUNTRY Heights Bhd yesterday denied an Australian report that the Sultan of Brunei had bought its luxury
      FILE PHOTO  -  538 words
    • Article
      Proton's Philippine unit seeking new investors
      330 6  -  No names but rumours point to Brunei interests From, Al Labita in Manila A UNIT of Malaysian car-mak-er Proton, hobbled by the longdrawn foreign exchange crisis, is eyeing new investors, believed to be Brunei interests. The plight of Proton Pilipinas Corp (PPC), a MalaysianPhilippine
      330 words
    • Article
      G-7 urged to adopt emergency measures to aid Asia
      489 6  -  Researcher warns that hyperinflation conld hit Indonesia By" Vikram Khanna [SINGAPORE] The Group of Seven industrial countries should come up with emergency measures, including food aid and debt reduction operations, to prevent a financial meltdown in Asia, according to Neil Saker,
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      794 6 Overseas Union Trust Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Trust Limited is pleased to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1997 COMPANY AND CROUP Increase/ 1997 1996 (Decrease) SSOOO SSOOO Total Operating Revenue 87,974 78,663 11.8 Investment and
      794 words
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      Page 6 Advertisements Column 2
      11 6 THE STRAITS TIMES CLASSIFIED YOUR GUIDE TO MORE PRODUCTS SERVICES [Jgj
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      Page 6 Advertisements Column 3
      27 6 P=l=«d=u If you have found sojnething, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. t Another Classified Service
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  • REGION
    • Article, Illustration
      Lock icon China to cut import taxes, up export tax rebates
      472 7  -  NATIONAL PEOPLE'S CONGRESS Mm will help country stay competitive amid mag minister Reports from Lu Ning in Beijing TO counter the negative impact of the current Asian financial crisis, China plans to boost its competitiveness through lower import taxes and higher
      AFP  -  472 words
    • Article
      Zhu consolidates grip on economy with govt revamp
      330 7 VICE-PREMIER Zhu Rongji, who is expected to assume the premiership at the current session of the National People's Congress, appears to be the true winner in the latest scheme to revamp the Chinese bureaucracy as he has consolidated further his power base.
      330 words
    • Article
      Former Carrian head to be freed today
      379 7  -  HONGKONG George Tan convicted by a HE court in 1996 for conspiracy to defraud By\ Loh Hui Yin GEORGE Tan Soon-gin, the businessman who caused one of Hongkong's biggest corporate failures more than a decade ago, is due to be released today. Tan,
      379 words
    • Article
      Taiwan's First Commercial to set up offshore banking unit in Labuan
      613 7  -  TAIPEI Third biggest Taiwan bank hopes to open office in Jnne/Jnly By\ Lawrence Eyton FIRST Commercial, Taiwan's third largest bank, is setting up an offshore banking unit in Malaysia's Labuan Island offshore financial centre. Lee Hsing-chih, a senior official
      613 words
    • Article
      Lock icon Jakarta to fix US$ rate for food importers
      317 7 JAKARTA Reuters INDONESIA plans to subsidise importers of basic essentials such as sugar, wheat flour and soya beans by providing a fixed exchange rate of 5,000 rupiah to the US dollar, a spokesman for the Bulog commodity regulator said yesterday. He said
      Reuters  -  317 words
    • Article, Illustration
      Lock icon Anti-govt protests: Two Indon tycoons under probe?
      332 7  -  JAKARTA Govt tipped off about plans for demos ahead of next week's presidential polls By I S N Vasuki TWO prominent pribumi businessmen are being questioned by Indonesian authorities for their alleged role in organising anti-government demonstrations ahead of the country's presidential elections,
      REUTERS  -  332 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      52 7 as*. ;*a#iw±jfr«wfir*si? i KJQHH 11 a« Mb.! IBM ©IB Investment: A California Security Brokerage and Investment Banking Firm looking for investors to start internet-base electronic trading stock portfolio management services in Singapore. Interested parties, pis call United States 562******56 or fax United States 562-*****99. For Singapore, contact Mr J. Kuah,
      52 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      143 7 THE WEATHER Wfagapwia Fair and warm. Temperature(3o-26) i*"*- HVLo* Oo«L A mm**. HVLo* Good. AmaM 25/18 Skowffs Aw*#r<iain 09/nfi CWmK L SUM (fcudy (S 52* gmny Bilk- 09/06 (lowly Owwo St/ 21 (loudy "•V JJ2? Swwy Bow 12/01 (lnutv HotoS* *7/17 Sumy J* 1 Shawm (opntaflrn. 06/01 (load? L«Ai**« 18/12
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  • REGION/WORLD
    • Article
      Lock icon US employment rate falls to 4.6% in February
      490 8 WASHINGTON But drop in manufacturing openings signal impact of Asian crisis Bloomberg THE US economy added more jobs than expected in February although manufacturing employment declined, an early sign the Asia crisis may still slow the economy this year. Non-farm jobs rose
      Bloomberg  -  490 words
    • Article
      Japan's finance ministry raided again after 2 arrests
      495 8  -  TOKYO Parliament told latest arrests show ministry's ops need to be reviewed By i Anthony Rowley THE official anti-corruption purge against Japan's financial establishment moved into higher gear yesterday when public prosecutors again raided the Ministry of Finance headquarters in the wake
      495 words
    • Article
      Lock icon OECD ministers reach deal on agriculture reforms
      253 8 PARIS Reuters OECD countries yesterday reached a consensus on farm reforms, agreeing after twodays of talks on a blueprint for agriculture in the 29-member organisation. "We have been present at the creation of new changes in agriculture," the meeting's Dutch chairman Jozias van
      Reuters  -  253 words
    • Article, Illustration
      Lock icon A lot in common
      40 8 [LONDON] British Guardsman Brian Clough (left) comes face-to-face with officer cadet Sukwinder Singh during an open day at the Household Cavalry Mounted Regiment's HQfor Ethnic Minorities in the Hyde Park Barracks on Thursday in London. AFP
      AFP  -  40 words
    • Article
      Lock icon Aerospatiale profit soars 75% to 1.4b francs
      483 8 PARIS Aircraft maker sees significantly higher sales this year Reuters FRENCH state-owned Aerospatiale yesterday unveiled a 75 per cent jump in 1997 profit and forecast higher sales for 1998. The aircraft maker reported net attributable profit of 1.42 billion francs (*****.4 million), against
      Reuters  -  483 words
    • Article
      Lock icon Indon reforms: US concerns remain
      305 8 WASHINGTON AFP THE US continues to have concerns about the progress of economic reform in Indonesia, US Treasury Secretary Robert Rubin said. "There are obviously issues of concern, and I think that what Indonesia needs to do to re-establish financial stability is to be on
      AFP  -  305 words
    • Article, Illustration
      Lock icon BJP and allies get set to form Indian govt
      617 8  -  NEW DELHI No majority so group depending on some parties that will stay nentral By\ Rajendra Bajpal INDIA'S rightwing Hindu nationalist Bharatiya Janata Party (BJP) and its allies, which have fallen short of a simple majority in parliamentary elections, were last
      REUTERS  -  617 words
    • Article
      Lock icon BOJ chief to get 40m yen – alter 22% pay cut
      165 8 BOJ chief to get 40m yen alter 22% pay cut TOKYO Reuters BANK of Japan governor Yasuo Matsushita will soon take a hefty pay cut to placate public anger at bureaucratic excess but the nation's top banker is unlikely to be forced into counting his pennies. While Japanese companies struggle
      Reuters  -  165 words
    • Article
      Lock icon Clinton's IMF fund bid clears key hurdle
      186 8 Bloomberg [WASHINGTON] US President Bill Clinton's drive to get US$lB billion (5529.7 billion) for the International Monetary Fund (IMF) cleared a key hurdle as a congressional panel accepted a bipartisan compromise on his embattled funding request. On a vote of 40-9, the panel
      Bloomberg  -  186 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      66 8 POOfi laiwitY By_ Garry Trudeau GETS HERE, I WANT TO I THINK MR. JORPAN I MHOT U M HBB COMING OH. OJEU, WHAT W THEY'RE Pt. V /tmjAy DECLARE A PLANTHOMKy lIS GOING TO BE IN-1 &WI I 70 INVEST! J ARE THE WORK J PIORA3CE \ANP TAKE HIM TO
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  • COMPANIES & MARKETS
    • Article
      OCBC profit falls 18% as provisions jump sharply
      596 9  -  Group is comfortable with 246% surge in provisions, but warns of tough year ahead By Wong Wei Kong [SINGAPORE] OCBC Bank yesterday said its 1997 net profit fell 18 per cent to $581.1 million as sharply higher provisions ate into earnings, and
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    • Article
      Provisions pull OUB profit down 17.9%
      459 9  -  Provisions of $317 m almost four times 1096 amount By Siow Li Sen ISINGAPORE] Provisions for regional exposure also took a toll on Overseas Union Bank (OUB), which yesterday reported a 17.9 per cent fall in 1997 net profit to $254.8 hiillion. The group's
      459 words
    • Article
      Another look at Majestic Park: will Sino Land make money?
      820 9  -  HOCK LOCK SIEW Quak Hiang Whai JUST about every analyst and reporter has speculated that Hongkong-listed Sino Land would lose money on its latest Kowloon residential project, Majestic Park. Senior executives from the group have remained coy about the costing
      820 words
    • Article
      Lock icon S'pore banks can cope with further jolts: MAS
      180 9 AFP [SINGAPORE] The Monetary Authority of Singapore (MAS) said yesterday the provisions of six local banks for their regional exposure to Asia would strengthen the banks' ability to cope with further shocks. "They have each set aside substantial general provisions to cater
      AFP  -  180 words
    • Article
      YHS posts $7.5m net profit against consensus $15m
      353 9  -  By: Lee Han Shlh [SINGAPORE] Yeo Hiap Seng yesterday disappointed the 15 analysts that tracked the company by declaring a profit that was half the market consensus. Against earnings expectation of $15 million, the soft-drink-to-property company chalked up net profit of only
      353 words
    • Article
      Huan Hsin profit doubles to $19m
      282 9  -  By Carol Eng [SINGAPORE] Mainboardlisted Huan Hsin Holdings yesterday posted its maiden results, with a near doubling in group net earnings to $19.2 million for the year ended Dec 31.1997. And its managing director, Hsu Cheng Chien, said the current financial year would be
      282 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article
        Sime Darby to report pre-tax loss of up to RM1.2b: analysts
        433 10  -  Most of its interim earnings expected to be wiped ont by losses at Sime Bank By< Meera Tharmaratnam in Kuala Lumpur CONGLOMERATE Sime Darby is expected to report a pretax loss of between one billion Malaysian ringgit (*****.4 million)
        433 words
      • Article
        Lock icon Bank Negara rebuts Fitch Ibca criticism over SimeBank
        616 10 Sime had exceeded share finance limit before ceiling was set Reuters, Bloomberg [KUALA LUMPUR] Bank Negara Malaysia yesterday dismissed statements by US rating agency Fitch Ibca that the central bank had allowed Sime Bank to exceed a limit on share financing and
        Reuters,; Bloomberg  -  616 words
      • Article
        Lock icon M'sian agency RAM puts AMMB on rating watch
        190 10 Reuters [KUALA LUMPUR] Rating Agency Malaysia (RAM) yesterday said it is putting AMMB Holdings Bhd on a rating watch with a negative outlook. It said in a statement that this follows the rating watch placed on AMMB's major subsidiaries, Arab-Malaysian Merchant Bank
        Reuters  -  190 words
      • Article
        SPH shares end above ex-bonus prices
        269 10  -  By] R Sivanithy [SINGAPORE] Singapore Press Holdings' shares yesterday not only stood out as one of the day's few rises in a weak market, but also surprised observers by closing above the theoretical ex-bonus prices of both the Local and Foreign tranches. Brokers said
        269 words
      • Article
        Lock icon Genting denies that chairman is ill
        122 10 Reuters [KUALA LUMPUR] Malaysian gaming group Genting Bhd said yesterday its chairman Lim Goh Tong is healthy. Asked to respond to market speculation that Mr Lim is ill, a company executive said: "The rumour is not true. There's nothing wrong with him." Genting shares
        Reuters  -  122 words
      • Article, Illustration
        Lock icon Money back for BNI depositors
        64 10 [JAKARTA] Customers of state-owned bank BNI receiving their money in Jakarta yesterday. The bank is one of the 16 Indonesian banks which have been liquidated as part of the International Monetary Fund reform package. The customers are collecting the remaining amount of money they have
        REUTERS  -  64 words
      • Article
        Pan-United posts 2% rise in earnings
        179 10 [SINGAPORE] Pan-United Corporation has posted higher net profits for the year ended Dec 31, 1997, despite a lower turnover. Group net earnings were up 2 per cent to $18.7 million, due in part to fatter margins, while turnover fell 9 per cent to $247.1
        179 words
      • Article
        Osprey Maritime just about meets forecasts
        289 10  -  Byi Abdul Hadhi [SINGAPORE] Shipping firm Osprey Maritime yesterday announced an 11 per cent rise in full year group net earnings to $17.73 million. The rise in profit for the year ended Dec 31, 1997, was posted on the back of a 79 per
        289 words
      • Article
        Hong Leong Asia ends weak on Day 1
        304 10  -  By < Conrad Raj [SINGAPORE] Hong Leong Asia surprised market pundits with its weak close yesterday after reaching a high of $1.85. It closed at its issue price of $1.63 after reaching a low of $1.62 with some 21 million shares, or
        304 words
      • Article, Illustration
        Lock icon Flextech profit up 48%, beating forecast
        314 10  -  By, Annette Pau [SINGAPORE] Flextech Holdings yesterday said strong contributions from its semiconductor products and services fuelled a full-year net earnings jump of 48 per cent to $7.39 million. This exceeded the consensus forecast of a massive 40 per cent gain by 17 analysts
        FILE PHOTO  -  314 words
      • Article
        Keypad maker San Teh posts 3.3% profit rise to $18m
        215 10  -  Teh Hooi Ling [SINGAPORE] Keypad manufacturer San Teh yesterday reported a 3.3 per cent increase in full year net earnings to $18.06 million. Group sales jumped 24.5 per cent to $101.7 million. At the company level, principally the keypad business,
        215 words
      • Article
        Lock icon Keppel falls on disappointing gains
        314 10 Bloomberg [SINGAPORE] Keppel Corp share price fell as much as 4.3 per cent yesterday after the diversified ship-repair company posted 1997 earnings that were worse than analysts expected. The stock fell as much as 18 cents, or 4.3 per cent, to $4.02, the lowest since
        Bloomberg  -  314 words
      • COMPANY Briefs
        • Article
          Sin Soon Huat explains results
          56 10 [SINGAPORE] Elaborating on its Interim results announced last month, industrial hardware maker Sin Soon Huat said the group's operating profit before tax for the six months ended Nov 31 fell 52 per cent to $4.4 million due to an absence of contribution from property development,
          56 words
        • Article
          Changes at Pacific Century
          62 10 [SINGAPORE] Peter Allen, executive director of mainboard-listed Pacific Century Regional Development* (PCRD), has been appointed deputy chieffinancial officer of Pacific Century Group. Joseph Spitzer has joined PCRD as senior vice-president in charge of public relation*. Executive vice-president and group spokesman Araie Tucker will move to Seattle
          62 words
        • Article
          Aztech withdraws patent complaint
          59 10 [SINGAPORE] Axtech Systems has withdrawn Its patent infringement complaint against rival Creative Technology, following last month's announcement that the two companies had settled their outstanding legal suits against each other. In a statement yesterday, Aztech said it had on Thursday filed a final dismissal of its
          59 words
    • COMPANIES
      • Article, Illustration
        Lock icon Motorola falls 8% on profit warning
        384 11 It Uames weak currencies and poor sales of chips and pagers in Asia Bloomberg [SCHAUMBURG, Illinois] Motorola Inc warned first-quar-ter earnings will be hurt because of weak currencies and slower-than-expected sales of its semiconductors and pagers in Asia, sending the shares down 8 per
        Bloomberg; Source: Bloomberg  -  384 words
      • Article
        Lock icon Strong growth seen for PC industry despite warnings
        323 11 DfoMe-digit rise in silts expected on still healthy orders Reuters [NEW YORK] Growth trends for personal computer makers are expected to remain intact despite a painful start to 1998, analysts said. Already, wrenching industry transitions and narrowing profit margins have led industry
        Reuters  -  323 words
      • Article
        Lock icon Saudi prince eyeing Seoul's Hotel Shilla?
        207 11 AFP [SEOUL] Saudi Arabia's Prince A 1 Walid is eyeing possible investment in Seoul's luxury Hotel Shilla, owned by the sprawling Samsung Group, news reports here said yesterday. "I believe Prince A 1 Walid is interested in taking over the Shilla hotel and incorporating
        AFP  -  207 words
      • Article
        Lock icon NTT cute gains forecast on lower rates, losses
        153 11 Bloomberg [TOKYO] Nippon Telegraph Telephone Corp cut its profit forecast by 27.7 per cent for the year ending March 31 because of lower long-distance telephone rates and expected losses at nine portable-phone subsidiaries. Japan's largest telecommunications company said net income would be
        Bloomberg  -  153 words
      • Article
        Lock icon NYSE Q4 profit falls 22%
        125 11 Bloomberg [NEW YORK] The New York Stock Exchange said fourthquarter profit fell 22 per cent as trading volume rose by almost a third. The world's largest stock exchange said its net income fell to US$lO.l million (5516.6 million) from US$l3 million a year ago. Increased
        Bloomberg  -  125 words
      • Article
        Finnish firm to fund April's China mill
        206 11 [SINGAPORE] Europe's biggest paper producer, UPMKymmene Corporation, is pumping US$235 million (*****.6 million) into Singa-pore-based April Group's fine paper mill in China. The Finnish company said in a statement yesterday that the amount includes a US$ll4 million equity investment in Asia Pacific Forest
        206 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Intel slumps after profit warning; 730 funds hit
        499 12 Annonncement seen as w&ke-np call that tech stocks are overdue for a correction Bloomberg [BOSTON] Intel Corp's plunge after it stunned Wall Street with a warning of earnings fall in the first-quarter hit the mutual fund industry on Thursday harder than any
        Bloomberg  -  499 words
      • Article, Illustration
        Lock icon US$ back on bullish track?
        382 12 USB/nariß USJ/mark consolidated between 1.8014 and 1.8220 for the first three days of the week before it surged to a high of 1.8374 on Thursday night. Thereafter, it settled to trade around 1.8330 yesterday morning. Although the shortterm movements indicate a possible return of the
        Source: DBS Bank  -  382 words
      • Article
        Lock icon Merrill profit in Asia-Pac falls 61%
        132 12 Bloomberg [NEW YORK] Merrill Lynch Co said that pre-tax profits in the Asia-Pacific region last year fell 61 per cent to US$l6 million (5526.4 million), as sinking currencies hobbled financial markets. The decline came even as New York-based Merrill Lynch said net revenue from
        Bloomberg  -  132 words
      • Article
        Lock icon BNP unveils 55% profit jump, says if s out to win bid for CIC
        283 12 Reuters [PARIS] Banque Nationale de Paris revealed a leap in 1997 profits on Thursday and said it was determined to win a five-way contest to acquire regional bank CIC so that it could expand its base
        Reuters  -  283 words
      • Article
        Scor Asia-Pacific's 1997 premium income dips 3.5%
        335 12  -  Region remains very much a key market for Scor, says MD Byl Soh Tiang Keng [SINGAPORE] Scor Asia-Pa-cific, the Singapore-based regional headquarters of the French reinsurance group, has reported a dip in premium income last year owing to the regional currency turmoil. Premium
        335 words
      • Article
        Lock icon Euroyen mixed, JGBs hit
        224 12 StMELßeport Reuters [SINGAPORE] Simex Euroyen futures were mixed yesterday while Japanese government bond (JGB) futures slid in the wake of gains in stocks on the Tokyo Stock Exchange. Dealers said trade was thin and driven by technical factors and spread activity in the absence of major
        Reuters  -  224 words
      • Article
        Futures recover on moderate volume
        158 12  -  MSCI TAIWAN FUTURES Perry Gilbert Perry Gilbert, vice-presi-dent, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures contract staged a recovery yesterday on moderate volume after opening sharply lower at the 346 level. Taiwan retail orders led the recovery as investors viewed
        158 words
      • Article
        Lock icon World oil prices in the doldrums
        239 12 ENERGY REPORT Reuters [LONDON] World oU prices languished close to four-year lows on Thursday as hopes faded that Opec (Organisation of Petroleum Exporting Countries) would step in to resuscitate the sickly market. Opec member Indonesia last week suggested the possibility of convening an emergency
        Reuters  -  239 words
      • Article
        Lock icon CURRENCY REPORT
        276 12 AFX-Asia, Reuters t THE US dollar rose sharply against the mark yesterday following the release of robust US payrolls data, but was forced to retreat by strong rumours of intervention by the Bundesbank, dealers said. They said a cap was placed on the dollar at the 1.8380 level,
        AFX-Asia,; Reuters  -  276 words
      • Article, Illustration
        Untitled
        1121 12 UITIUUUMMCEOSSKATBS Afarg P f 1» »J» Ig 2-' Ml* 1990 1H9 MI9 119 1226 MM 2US 642M 0482 IMS* 2426 UBI9JV20JM 1407 1322 1997 214SS ***** MH 0419 Cn* 1082 1M» 0202 4227 L2M 5.457 Z7.H9M.7i0 OJIT 1532 2.7*4 1216 314M***** US5 14M L049 222M SJR M» 17M CM ISO
        1,121 words
    • Article
      COMMODITY PRICES
      1667 13 S1COM I'UTUIIES Mar 6 RUBBER (Mms closing an 3 Jap*) KS ICONTRACT(S Close Voltmo Ope* W9* Low Sett (to—«) Wgjrt S* ***** 121.00 120.00 50 825 W 123.00 123.00 122.00 150 3675 98 126.75 126.75 124.00 150 3325 *VUp 98 132.00 ***** 129.50 450 4095 OctfDec 98 137.25
      1,667 words
    • Article
      WORLD STOCK MARKETS
      2227 13 LONDON Mistrtib —r* NflCl 31 Group 575 1 AB Ports 351 10 Abbey National 1164 19 Allied Domecq 559 .7 Am* 156 -4 Asda Group 188.400 -1.600 BAT tnd 648.400 12.400 BG Pie 307.600 2.600 BtCC 154 *7 BOC Group 981.400 10 BR Petroleum 859 1.600 BTR
      2,227 words
    • Article
      Lock icon TOKYO
      1641 13 AFP n Nikkei 225 +283.42 JAPANESE share prices rebounded yesterday, with the key market barometer closing 1.7 per cent higher on revived optimism about the government's new economic measures, brokers said. "As politicians' attempts to talk up share prices are beginning to fail, participants feel that formation of a
      AFP  -  1,641 words
    • Article, Illustration
      Lock icon HONGKONG
      1513 14 Bloomberg, Reuters P Hang Seng +115.85 HONGKONG stocks rose yesterday, recovering from early losses as China-backed investment companies and banks rallied amid concern Thursday's 4.8 per cent tumble was overdone. Banks such as HSBC Holdings pic and Hang Seng Bank Ltd led the rebound as interest rates eased. The
      Bloomberg,; Reuters  -  1,513 words
    • Article, Illustration
      Lock icon CHINA
      615 14 Reuters QShenzhenßlndex *0.53 SHENZHEN'S B Share Index closed marginally higher yesterday after Thursday's steep falls caused by heavy losses on the neighbouring Hongkong stock market, analysts said. But they said the B share rebound lacked strength due to the contracted turnover. The B Index rallied 0.53 points, or 0.57
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  615 words
    • Article
      Lock icon TAIPEI
      393 14 AFP QWP Index +8133 TAIWAN stocks staged a modest rebound to rise 0.9 per cent yesterday on bargain hunting after sharp losses for three consecutive days, brokers said. "Investors bought at the lows after the market shed some 500 points since last week," said James Tsai of China Securities
      AFP  -  393 words
    • Article, Illustration
      Lock icon JAKARTA
      669 14 AFP D Composite Indci -126 INDONESIAN shares slipped 0.8 per cent yesterday as a rupiah recovery in late afternoon trading pushed down selective US dollar-sensitive stocks off their highs, dealers said. A sales director at a local brokerage said the market was in a profit-taking mood throughout "the whole
      AFP  -  669 words
    • Article, Illustration
      Lock icon BANGKOK
      828 14 AFP n SET Index -Ll6 THAI share prices closed slightly lower yesterday for the third consecutive decline, falling 0.2 per cent in volatile trade as an afternoon rebound pared earlier losses. Analysts attributed gains in the afternoon session, following a sharp morning drop, to investors buying into the finance
      AFP  -  828 words
    • Article
      Lock icon MANILA
      297 14 AFP DM. -2&58 PHILIPPINE share prices closed 1.2 per cent lower yesterday due to continued profittaking, the weakening of the local currency and an unexpectedly high inflation rate, analysts said. The Philippine Stock Exchange Composite Index fell 25.58 points to close at 2,181.96. Volume turnover rose to 1.636 billion
      AFP  -  297 words
    • Article
      Lock icon SEOUL
      428 14 AFP Q Composite Index -13J3 SHARE prices closed 2.5 per cent down on the Korea Stock Exchange yesterday with foreign investors locking in profits on recent gains amid weak sentiment, dealers said. The market was also hurt by reports that Moody's Investors Service has no plan to upgrade its
      AFP  -  428 words
    • Article
      Lock icon SYDNEY
      587 14 AFP MAP Ordinaries +14A AUSTRALIAN share prices rose 0.6 per cent yesterday on buying support for BHP. The Australian Stock Exchange's main indicator, the All Ordinaries Index, rose 14.9 points to 2,667.7. The All Industrials Index gained 16.7 points to 4,572.2 while the All Resources Index rose 14.7 points
      AFP  -  587 words
    • Article
      Lock icon WELLINGTON
      246 14 AFP n Wellington -7.49 NEW Zealand stocks closed yesterday down 0.3 per cent amid volatility in market heavyweight Telecom Corp. The NZSE-40 Capital Index lost 7.49 points to 2,272.89 on turnover of NZ564.4 million. Telecom Corp rose four cents to NZ$B.27. —AFP *t- (000) ANZ Banking 11.25 -0.10 6003
      AFP  -  246 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8593 15 wiHKKmmmmmmmmmmmmmmmam Last Day Not Cap High Lew Cimpany tah *000 mg8 Lew P/t $m8 310 WO Ajinomoto 270 10 t 270 270 15.0 109 4 w« 73 Angkasa m -6 4) 120 m 2.6 163.7 290 123 Apollo Food Hlg 202 -6 3 210 202 5.9 80 S 388 190
        8,593 words
      • Article, Illustration
        Lock icon Weak ringgit drags down M'sian shares
        394 15 AFP CI Composite Index -6.43 MALAYSIA'S key stock index fell 0.9 per cent yesterday, bogged down by a weakening ringgit amid mounting concerns over the health of the finance sector, dealers said. The Kuala Lumpur Stock Exchange's 100-share weighted Composite Index dropped 6.43 points
        AFP  -  394 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3448 16 BONDS, LOANS ft VARIANTS rr, *&m stm *apg sS» *ar- room hi* Law °**2*r mS 68 9 m 3000 m AMDS: 5 5H*****6 17 V7 ai 8 3140 A Ac»r ******1 US$ 13 -1 65 14 13 13 14 131 8.5 3164 Acma ******4 23 22 24 24 53 26
        3,448 words
      • Article
        Berjaya Land ICULS: is the risk premium heftier than it should be?
        203 16  -  WARRANT WATCH By R Sivanithy WHEN times are bad, the local market has a tendency to price in a hefty risk premium. Sometimes, this can arguably be overdone, as is the case with several loan stocks, bonds and
        203 words
    • Article
      CLOB INTERNATIONAL
      1908 16 Transaction Date :Mar 6 MALAYSIAN STOCKS "^,-r, *'?"<% '*V jr 7 r- L*«t Val Day Lut Ouot. Wv Otv YU Mat M Cap Hmi Law Stwo Cnmpani Sata COOP) High Lam Buyac SaBar Cvr y/l Sma la? 2 tf S -5 -3-5 801 97 93 94 95 5.0
      1,908 words
    • Article
      STOCK EXCHANGE OF SINGAPORE
      1411 17 TWKOVE* COOO) VA1UC (OOO) sas as jss wr m iss WA24« 70,737 173,9*9 233>70 47,8*4 2*1,594 nMMC* 1UH 3*3*9 4C280 89.151 29.018 n*,l«9 H* 2.554 1*43 4,3*7 3,403 *09 4i» Pr»»Ttm 19.471 30,70# ***** 4*, 114 12,703 *0*1* MwUMon 6,033 6,033 IjSX) 7.510 MMn < u»5
      1,411 words
    • Article
      MAIN BOARD
      4651 17 Transaction Date: Mar C Sr Of M wt 1997/99 LMt Vat Day Last Qwata Mv Mv VM Nat Cm A vg HH> Um Mm CIUMY Mt COOCt M*t U» Buyr CMf W» M Ww 157 115 6 1020 ACE Dynamlcs60c 36 -1 HUM 34.5 36 29.5 37 5146
      4,651 words
    • Article
      SESDAQ
      906 17 mm umtrn, r&i h.*"" u. H <£ *2 £2 a s lEuSfeEEEs s s assu ss 4®.5 9 2051 ASJ HiOQS 20c —68 MM m% 4«2 m 2061 *—20,5 ».5 20 20 20.5 54 n8 3 21 235 80 2001 AitamatrtiSOc 203 -3 135 207 190 203 204 58
      906 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        212 18 Stacks Voiwne HL Asia 20c 21.192,000 'Renong BM 50c 14.026,000 •MBf Capital 12,175,000 *M Resources 11,891,000 Easyknit HKIOc 10,154,000 ST EnggKk 10,251.000 *Reooag WtOO 7,181.000 •Rekapacific Ml 7,094,000 •Kuipta Intl50c 5,418,000 SingTel 15c 5,398,000 Stocks SIA Foreign 39,398,462 HI Asia 20c 36,061.080 SPH 35,366,752 DBS Foreifn 34.471.003 0C8C Foreign 27,371,368
        212 words
      • Article, Illustration
        HOT STOCK
        61 18  -  -by Teh Hooi Ling WBL Corporation yesterday closed three cents lower at $1.75. Some 50,000 shares changed hands, about i half of Us lOday average. Technical indicators suggest more price weakness ahead. Chaiktn ossilators and daily MACD have signalled a seU. However, there is potential upside over the
        61 words
      • Article, Illustration
        Currency woes dash hopes of a rise in local market
        676 18  -  STOCK MARKET COMMENTARY Earnings worries prompted by WingTai and Eeppel's profit decline also take a toll on market By R Sivanithy [SINGAPORE] An alarming slide in the Indonesian rupiah and signs of severe strain in the Malaysian ringgit yesterday put
        676 words
      • ON THE GRAPEVINE
        • Article
          Patten en Murdoch
          139 18 MORE than eight months after he hade farewell to Hongkong, former governor Chris Patten has not been able to shake off the controversy over his views on China. Mr Patten, who wrote his memoirs from his house in the south of France, has sued Harper Collins for
          139 words
        • Article
          Back to normal at Sime
          111 18 THERE was to be a press conference in Singapore yesterday with Sime Bank's executive chairman and chief executive in attendance to allay depositors' fears that the bank was on the verge of collapse in the wake of a run at some of its Malaysian branches.
          111 words
        • Article
          Change of guards at Allen & Gledhill
          101 18 Change of guards at Allen Gledhill THERE will be a changing of the guards soon at Singapore's largest and one of its oldest law firms, Allen GledhilL Lucien Wong Yuen Kuai, regarded as one of the region's top banking and corporate lawyers, will take over as head of the more
          101 words
        • Article
          Free carpark anyone?
          79 18 PROPERTY owners in Hongkong are really getting desperate, offering all kinds of incentives to prospective tenants. Some like Cheung Sha Wan Plaza, "located directly above MTR (Mass Transit Railway)", offer space for rent with a free period of up to 90 days. Cheung Sha Wan Plaza will
          79 words
        • Article
          Uncle Lim in the pink of health
          69 18 CASINO king LimGohTong of the Genting group is in the United States for his annual medical check-up, according to an site. The octogenarian tycoon, who is the richest man in Malaysia, underwent a heart bypass last year. However, he is said to be
          69 words
        • Article
          Jade to rescue Malaysia economy?
          162 18 A JADE collector wants to auction part of her dazzling collection in what she said would be a single-handed solution to Malaysia's financial woes. Reuters reported that a certain Norlinah Roxanne Ng, who charges RMIO to enter her dusty and cluttered museum, claims her collection
          162 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      247 9 TheßusinessTimes 1 8 A P o R B I Regional CUl*FieS^^k Hon g Leong Asia wins I !lff plumb J rtsHSHH rsrS?^3 DSSaIaMtaVW r ;M. <>M (Mr STocfl rmmJ I <HX <IpmloHiai tm <n«. ■< |n MI iTTuS rfBMWU c«w« TWM *M|K gtjunwMriMwlar MMIUtpnnMI M,v-» 1 I *C 5» to
      247 words
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      Page 11 Advertisements Column 1
      976 11 OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated In Singapore) The Directors are pleased to announce the following 1 AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1997 THE GROUP THE BANK 1997 1996 1997 1996 SS'OOO SS'OOO SS'OOO SS'OOO Interest income 3,424,222 2,849,245 20.2 1,794,658 27.0 Less: Interest expense 1,760,321 25.5 1,531,204
      976 words
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      Page 14 Advertisements Column 1
      74 14 f Hello? I'm calling about\ you'reX m 50 I your advertisement in great...just like m y P et through The Straits Times Classified... I I the ad J Th e Straits Times Classified. j you still have the puppy... J described. J m n to ta^e B°°d j rll be
      74 words
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      Page 18 Advertisements Column 1
      449 18 BUSINESS NotiCeS To advertise call toll-free 1800-741 1883 IN THE MATTES OF THE COMPANIES ACT CAP. 56 AND IN THE MATTEK OF AMPOWEB TRADING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Al an Extraordinary General Meeting of (he abovenamed Company, held at 23 Tuas Avenue 2, Singapore *****4 on the 7
      449 words
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      Page 18 Advertisements Column 2
      271 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YAMAYU ELECTRIC COMPANY PTE LTD (la Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 50 thai a Final General Meeting of the Members of the abovenamed
      271 words
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      Page 18 Advertisements Column 3
      170 18 IN US MATH! OF THE COMPANIES ACT, CAP. 51 AND IN THE MATTER OP UPPER SQANGOON POULTRY k EGGS MARKET LTD /I. V'Xnhn I (ii mtßßcn vuuarj NOTICE B HEREBY 6IVEN pursuant to Section 300(1)0# ihe Companies Act, Cap. 50 that ihe Final Meeting of Members of the abow-named Company
      170 words
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      Page 18 Advertisements Column 4
      124 18 i HYUNDAI MERCHANT MARINE (S) PTE LTD is the shipping agents for Hyundai Merchant Marine Co. Ltd, Seoul and'is part of the Hyundai Group. We have immediate vacancies for: Candidates must have Shipping experience in Liner Trade Self motivation Strong communication interpersonal skills Preferably possess own vehicle Interested applicants are
      124 words
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      Page 18 Advertisements Column 5
      14 18 Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. CATS. 1800-737-1166
      14 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      A salute to Singapore's women
      388 19  -  Being a woman in Singapore today means having choices. Should she focus on her career, marry or stay single, start a family or decide not to be a mother? On the eve of International Women's Day, tam su tom asks four women of different ages
      388 words
    • Article, Illustration
      Lock icon Baby boomer and trail blazer
      669 19 But Aware president Zaibon Siraj, 51, describes herself as a plodder. She explains why SHE'S very much a feminist. Her detractors might even call her a firebrand, but Zaibun Siraj, president of women's group Aware and director of the International Liaison Unit at Ngee Ann
      FILE PHOTO  -  669 words
    • STRAWS In The Wind
      • Article
        Touched by the Fuhrer
        59 19 A HITLER of another ilk is on the loose in Hongkong. Adolf Hitler Kwok who said he took his name from his idol after studying about World War n in school was convicted of molesting a girl on the MTR. In mitigation, he said he was
        59 words
      • Article
        Working trip
        72 19 OYSTER lovers may have heard about this rather exotic comi»etition organ- ised by Muddy Murphy's for St Patrick's Day. Participants of the Singapore Oyster Shucking Championships will have to shuck 30 Galway Bay oysters in under three minutes, and then down a pint of Draught Guinness. The prize
        72 words
      • Article
        Like mother, like son
        102 19 THOSE who follow David Letterman's show would have known that his moth- er was in Nagano recently covering the Winter Olympics. Here's what he had to say on her return: "I'm exhausted. I had to go pick up my mom from the airport last night, and
        102 words
    • PROFILE
      • Article, Illustration
        Lock icon Controversies and connections
        2519 20  -  Winning the Booker Prize is enough to go to anybody's head, but Indian novelist Arundhati Roy prefers not to dwell on its importance. Prizes, she tells hootmbbta, are for readers, not writers. She is willing, however, to talk about her novel and the sometimes unwelcome attention it
        CHRIS LOH  -  2,519 words
      • Article
        Uncle Kipling and Uncle Shakespeare
        1002 20 POR a sample of genuine Arundhati Roystyle humour, just ask her when she met her husband. "Which husband? I have some," she will reply, displaying her remarkable ability to laugh at herself. Roy married twice. When she was an 18-year-old architecture student in New Delhi,
        1,002 words
    • INTERNATIONAL WOMEN'S DAY 1998
      • Article
        Free to vote, and also to decide when not to vote
        604 21  -  COMMENTARY Women have come a long way from their suffragette days. Bnt are they happy with what they have achieved so far? And if not, what can they do abont it? By Jaime Ee TO ALL intents and purposes,
        604 words
      • Article, Illustration
        Lock icon Dream career
        430 21 Gheah Mei Sing, 24, considers herself very lucky to be able to dance fall-time with the SDT CHEAH Mei Sing had her first ballet lesson when she was four and since then her ballet shoes have been very much a part of her life "Not all of us
        RICHARD CHNG  -  430 words
      • Article
        Staying single in Singapore
        1310 21  -  There were 79,955 single women in Singapore aged 30 to 49 in 1995, up from 29,115 in 1980. With more educated, professional women seeking self-fulfilment over marriage, this number is likely to grow. Who are these women who stay single, and why? jaxmb ee reports JAIME
        1,310 words
      • Article, Illustration
        Lock icon A change of focus and responsibilities
        570 21 COVER STORY April Loke, 41, of Mahogany is happy with the way her life has turned out, and wouldn't change it even if she could AT JUST 41, April Loke can look back on a colourful career. She started work at 17 as a
        ARTHUR LEE  -  570 words
      • Article, Illustration
        Lock icon Balancing work and marriage
        541 21 Jennifer Dunbar, who is in her 30s, says she won't be rushed into having children JENNIFER Dunbar is an accidental businesswoman. Says the 30-something owner of Dunbar Jones Associates: "I was never one of these people who always wanted to be a businesswoman." What Ms Dunbar,
        ARTHUR LEE  -  541 words
    • Article, Illustration
      Thumbing their noses at academia
      818 22  -  CINEMA Good Will Hutting, written by Matt Damon and Ben Affleck as a vehicle for their own talents, comes with some incredibly simplistic notions abont learning By\ Susan Tsang GOOD WILL Hunting contains some very clever lines, but it is a shallow piece of fantasy.
      818 words
    • Article, Illustration
      Lock icon America's last movie star
      1115 22  -  CELEBRITY Paul Newman, at 73, is still wise and wiry, still bawdy and rakish, and still conjuring performances that affirm that the greatest actors will always be the greatest stars By\ Renee Graham NYT PAUL NEWMAN spends the better part of a crisp Saturday morning medicating
      NYT; FILE PHOTO  -  1,115 words
    • Article, Illustration
      WHAT'S ON
      391 23  -  Compiled by M Yasotha THEATRE Kiss Of The Spider Woman Presented by the Singapore Repertory Theatre and written by Manuel Puig, this is a play about two political prisoners one a left-wing revolutionary and the other a homosexual deemed "morally deviant" by society who are thrown together in
      391 words
    • EPICURE
      • Article, Illustration
        Lock icon Just leave it to the party people
        1016 24  -  Whatever the size and nature of your celebration, Kriston has the concept the food and the trimmings for it tax suyhh finds out more about the catering company from managing director Jacquie Tan TAN SU YEN IT IS A success story based on
        ARTHUR LEE  -  1,016 words
      • Article
        Twelve of the best
        699 24  -  WINE CONNOISSEUR It's pore pleasure keeping company with the first families of wine By N K Yong TO HAVE the Primum Familiae Vini (first families of wine) come to town as they did earlier this week is like having the G7 in town. They may not
        699 words
      • Article, Illustration
        Lock icon Excellent examples of French expertise
        739 24  -  PROMOTIONS Georges Blanc impressed with his fine cuisine and professionalism, while Gerard Poulard guided diners skilfully through a minefield of cheeses By 1 Tan Su Yen VISITING French celebrity chefs are hardly unusual on the Singapore fine dining scene. There have even been occasions when
        PHOTOS BY RICHARD CHNG  -  739 words
    • Article, Illustration
      CINEMA
      771 25 The Borrowers. Family comedy about the little people who steal odd socks and hide your keys. Starring John Goodman. Lido, Republic, Oriental, Choa Chu Kang, Jurong, Hougang, Changi, Century, Yishun, Bishan, Tiong Bahru, Boon Lay, Tarnpines. Mandarin, Jubilee, Toa Payoh, Whitesands. The Edge. Gritty outdoors movie that has Anthony
      771 words
    • Article
      ENQUIRIES AND BOOKINGS
      125 25 Cathay Org Cathay 338-3400 Kastshore 316-1816 On-hard 235-8386 [•irturehouse 338-3400 Yangtze 223-7129 EnfWah Km press 777-5867 Jubilee 454-1640 Mandarin 202-9401 Marina MMfl9 Whitosands 585-1782 Golden Village liedok 443-2405 Bishan 353-8885 Boon Lay 792-2788 Broadwav /54-9394 Majestic 533-9032 Marina 337-9488 Pavilion 786-5788 Tampines 8 786-5788 Tiongßahru 274-6588 Yishun
      125 words
    • TRAVEL
      • Article, Illustration
        Lock icon Down south where coconuts grow
        1322 26  -  No smoking, no alcohol and no meat Those are the rules at Kairali Ayurvedic Health Resort in Kerala, South India But its European and Japanese clientele, who sign up in the hope of some rest and recuperation, are more than happy to comply, audret perera
        PHOTOS BY AUDREY PERERA  -  1,322 words
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      Page 22 Advertisements Column 1
      243 22 (j i splendid feast of colours. 1 MARCH TO 12 APRIL 1998 You've heard and seen all about "JOSEPH AND THE AMAZINC TECHNICOLOR DREAMCOAT". Now, grab the chance to taste Joseph's Dream Meals a set of exotic dishes created by Executive Chef Michael Hoevel to mark the musical's Asia Pacific
      243 words
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      Page 22 Advertisements Column 2
      178 22 V Iff i hai Tien Los heavenly Cantonese cuisine is now harder to resist. TIME Savour Hai Tien Lo's Daily Specials with a generous 15% Dti|kW||lfl(lll Prepared by our award-winning Master Chef Chan, one Mon Bmiiian iEtS! will be featured every day until 31 May. If you're deliciousljr copfusod t
      178 words
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      Page 23 Advertisements Column 1
      599 23 Where to wine, dine and entertain... nir» WW Ijetter way to celebrate a great week than Sunday Brunch at The Lafe-in-The-Part? Enjoy the finest hrunch and service at only $28' per adult (only Jl4 for the kids). Then toast your good fortune with Gold ?ekt Champagne, each glass glittering with
      599 words
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      Page 23 Advertisements Column 2
      203 23 T Jll I ffi r f mrnr a J stTfw 1 Delight in a meal for four j and enjoy 125% savings j on your next meal for two i j CallB3l-6271f0r reservations Mandarin Singapore j 333 OrdiardßMfd, Singapore *****7. Tel. 737 4411 j 12 Feb to 30 June Enjoy
      203 words
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      Page 25 Advertisements Column 1
      2151 25 TODAY'S TV RECOMMENDED VIEWING PM«l«r«ia S 'V'-- it I I Friends. 9.00 AM TVSN Jewellery COMf bjj?f 3,30 Sale's Lighthouse. Conduct Duchovny, is back as Nora #o# ft x SN Oul(loor Adve i i in a new season Of the hit tures. 'A f 5.00 Jackie Her Bushbaby UllDoCOlllin£f NBC
      2,151 words
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