The Business Times, 30 May 1998

Microfilm: NL21187
Total Pages: 28
1 28 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, MAY 30-31,1998
    13 words
  • Article
    MARKET SUMMARY
    48 1 nm ■4 UMJ3 (-6.69) □SSU DSSnSm-W) DfmTr i sTo«MAimiMniCBK;|; Frktajr C*utn«» KLSPCOMP M8i4 -Ml NIKKEI IM70.78—-IH77 HANG SENG iSUJU +MC2 SET INDEX m*9 -Ml JAKARTA COUP <€14 MANILA COMP -tW TAIPEI WH 7JMU4—22L« seoul coup ma—+iim CLSA CHINA B 88L83 -171 AUST ALLOW) 2,71 J.? do#
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  • Article
    FINANCE
    66 1 |msxians U8$ St m -—W74 i(USS/SSper£) U24 17lf DM L786 9J87 YEN ms 1 m 3.887 0.433 HKS 7.748 Mil BAtfT 41St O.M2 RIFPf AH 119M SS to JM units FBMB BATES SINGAPORE* 7.83 ujj JUI HOWTBNG 1015 TAIPEI .1 AM SYDNEY 8.46 tooo i« SEOUL 14.96 ZUIiCH FRANKFURT***
    66 words
  • Article, Illustration
    HK rushes out economic package as GDP shrinks 2%
    863 1  -  Measures to improve liquidity in banking, revive housing market, help tourism From. Loh Hui Yin in Hongkong THE Hongkong government yesterday rushed out a package of measures to boost the economy after first quarter figures for gross domestic product (GDP) showed
    863 words
  • Article
    HDB mortgage rates, CPF interest up from July 1
    466 1  -  Subsidised mortgage rate to go up 0-81 percentage point By, Abdul Hadhi [SINGAPORE] The Housing and Development Board's subsidised mortgage rates will go up by 0.81 percentage point from July 1 and so will the interest rate for Central Provident Fund
    466 words
  • Article, Illustration
    Lock icon Bambang quits top post in his Bimantara empire
    1275 1  -  From\ S N Vasuki in Jakarta IN A further sign that the business empire of the family of ousted president Suharto has begun to wobble, his son Bambang Trihatmodjo yesterday resigned from the top job at PT Bimantara Citra, the listed investment
    FILE PHOTO  -  1,275 words
  • Article, Illustration
    UBS Singapore managers to sue The Economist
    584 1  -  By< Catherine Ong [SINGAPORE) Several senior managers in the Singapore branch of Union Bank of Switzerland (ÜBS), including prominent banker Lim Ho Kee, will soon sue The Economist magazine for alleging that loose controls in the operations here have led to massive losses
    584 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      138 1 msuin Popular former movie star Joseph Estrada has been proclaimed by congress as the 13th president of the Philippines, Elec Ehek shares fall 12 par cent as stockbroking houses cut their weighting an the stock. And investors continue their sell-off of selected electronics shares, PgB Ifcftinltodf QAF has finally called
      138 words
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      Page 1 Advertisements Column 2
      79 1 USSSOto break for Mwon^Mi Asia-Pacific ministers wiM put tetecoms liberalisation on the fast track when they meet in Singapore next week. A major beneficiary will be the trade in telecome equipment Ml f V A jflßj JK& J LE TEMPS CHANEL THE MATELASSEE COLLECTION STEEL AND DIAMOND WATCH DEPLOVANT BUCKLE
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Tom & Stefanie to take over anchor space at West Mall
      328 2  - Tom Stefanie to take over anchor space at West Mall Local children's clothing retailer will occupy more than 16,000 sq ft lot left vacant by Emporium By. Ang Wan May EMPORIUM Holdings' anchor space in West Mall in Bukit Batok is being taken over by a virtual unknown in the
      328 words
    • Article
      2 firms sought protection from creditors
      480 2  -  Lam Gn&n Chan pat iinder judicial management; Thong Soon's case rejected By< Conrad Raj THE regional crisis has claimed more victims with tv/o more firms, the Thong Soon group and Lam Guan Chan, running to the courts seeking protection from creditors after they failed
      480 words
    • Article, Illustration
      Talk of recession, poor growth premature, says economist
      484 2  -  By Siow Li Sen ONE economist has dismissed as "all in the mind" the current pessimism about Singapore's economic growth this year, and declares that the economy will outperform the bearish consensus. P K Basu, co-head of Asian economics at Credit Suisse
      484 words
    • Article
      Data on Japanese with work passes
      105 2  -  LETTERS TO THE EDITOR Esther Neo Head (Public Affairs) for Director of Singapore Immigration Registration THE article, "Japanese Expatriate Community In S'pore Shrinking" (BT May 23-24, 1998), said that "several thousand Japanese have left Singapore in recent months, with estimates going as high as
      105 words
    • Article
      Cut in CPF of workers mill cause hardship
      110 2  -  Vicky Wong Industrial relations officer National Transport Workers' Union I REFER to the May 27 BT article headlined "June off-bud-get boost for S'pore economy if growth ftjjters: DPM". From time to time, we hear of calls for cuts in the employers" contribution
      110 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      1545 2 mmmm COSCO INVESTMENT (SINGAPORE) LIMITED (Incorporated in the Republic oi Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Function Room. Level 2. Sheraton Towers Singapore. 39 Scotts Road. Singapore *****0, on Monday, 29 June 1998. at
      1,545 words
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      Page 2 Advertisements Column 2
      481 2 tonk JSI Auction Today i Swiss based group opens its program for Asean. Custodians Superintendence and Trustees Company SA Custodians Art/Wealth Assets, Superintendence Copyright, Trustees of Intellectual Property IMPORTANT EXTRAORDINARY (RESTRICTED) AUCTION® HIGH INTERNATIONAL EXCELLENCE LEVELS e including unique superb and rare categorized examples rarely offered in Singapore. TRUE PERSIAN
      481 words
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  • APEC TELECOMS MINISTERS' MEETING
    • Article
      Plan to put Apec telecoms liberalisation on fast track
      552 3  -  Ministers set to give boost to grouping's USssob telecoms equipment trade Catherine Ong SOME US$5O billion (5583.6 billion) worth of trade in telecommunications equipment within the Apec region will be given a boost next week when telecoms ministers from the 18-member
      552 words
    • Article
      Exporters hail plan as pro-consumer
      306 3  -  Hyi By Catherine Ong and David Boey EXPORTERS of telecoms equipment yesterday welcomed Apec's moves to launch a scheme to cut down the cost and time for products to enter markets within the 18-member regional grouping. They hailed a proposed Mutual Recognition Arrangement (MRA) to
      306 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      76 3 Opens Today Chicago. New York. Beverly Hills. And Now Singapore. mi wm .w* OF CHICAGO THE LEGEND THE STEAKHCUSE Cf /j/ct' 20 cfjcat'j, Q^fmerica J )£eqott(/a nj louse o/tc/s r^J't K<(//')/ CS'/i' y I ved. EXCLUSIVELY USD A PRIME AC.ED BEEF FRESH FISH SEAFOOD Private boardroom dining Exceptional wines dinner
      76 words
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      Page 3 Advertisements Column 2
      372 3 CD 8 Upgrade Just one of the great benefits from Double Options you'll warm to this summer. Wken you stay at Inter-Continental Hotels or Resorts in Asia Pacific tkis summer we promise you'll enjoy it twice as much as last year. Because not only are we offering some very special
      372 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BUL'S EYE
      • Article, Illustration
        BT Sentiment
        586 4 Those polled for their views on the Singapore stock market outlook for next week were: Alliance, Daiwa, Deutsche Morgan Grenfell, GK Goh, ING Barings, Kim Eng, Merrill Lynch, Phillip, Indosuez WI Carr. Singapore Land ♦(Trading Buy) Indosuez WI Carr, May 29, $3.50 Sing Land has historically been faulted
        586 words
      • Article, Illustration
        In My Opinion
        461 4  -  Stephen Walsh Research director Indosuez WI Carr Securities ECISIONS made in I I the new, post-Su--Lx harto era pose important investment considerations for both the Indonesian and Singaporean markets. In the short run, President Habibie's choice of ministers has been astute. He has left most of the
        461 words
    • Article, Illustration
      Lock icon Jakarta stocks: avoid with a vengeance
      1115 4  -  EYE ON TEE REGION: INDONESIA Most sectors are still firmly out-of-bounds for the cautious investor while quality counters are pricey From S N Vasuki in Jakarta SO you think it may now be safe to return to the Jakarta stockmarket. The evidence in favour
      Source: Bloomberg  -  1,115 words
    • Article, Illustration
      A good time to invest in Europe: strategist
      597 4  -  He forecasts 15% earnings per share growth a year By\ Shiv Taneja PROJECTIONS of 15 per cent earnings per share growth a year for the next two years make European equities a very attractive medium-term investment, a global equities strategist said recently.
      597 words
    • Article
      Investing in Europe? More trusts soon
      175 4 INVESTORS in Singapore have had very little to choose from when it came to investing in Europe. Sure, if you are sufficiently well-heeled, private bankers are more than happy to help you invest internationally. But what about investors of more modest means? So far,
      175 words
    • Article
      ACU DEPOSIT RATES Offered by various banks (as at May 28, 1998)
      695 4 D*po»rt MOMt 1-mtti 3-aKh 6-mth Deposit mount Hnth )-«tt 6-nrtJi Bank of China s*fioo.ooo s«n49,999 inoo inoo 1.0600 AS US US5.000" US9999 5.1000 ***** 5.3600 K).000 49,999 4.1875 4.1875 4.1875 iKm rvM IK?I TOO C WVI C mjy\
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  • REGION
    • Article, Illustration
      Lock icon HK announces measures to increase liquidity
      571 5  -  HONGKONG ECONOMIC REPORT Strategy aimed at boosting interbank and mortgage lending markets From Quak Hiang Whai in Hongkong NEW measures to boost liquidity in Hongkong's banking system are aimed at facilitating more lending in the interbank market and providing greater certainty in the mortgage
      REUTERS  -  571 words
    • Article
      HK woos China and Taiwan visitors to revive tourism sector
      356 5  -  Frorn, Loh Hui Yin in Hongkong MAINLAND and Taiwanese tourists will be courted in Hongkong's efforts to revive its battered tourism industry. Already the biggest source market for Hongkong, more mainland tourists will be allowed to enter the territory. Starting
      356 words
    • Article
      Lock icon Thai recession deepening: BOT
      336 5 BANGKOK Reuters THE Thai central bank said yesterday that latest manufacturing and investment indicators confirmed that the country was gripped by a deepening recession. Bank of Thailand chief economist Kleothong Hetrakul told a news conference that the external picture showed Thai trade and current accounts in
      Reuters  -  336 words
    • Article
      Lock icon Aussie court acquits ex-Selangor chief minister
      232 5 BRISBANE AFP Bernama MALAYSIAN politician Muhammad Muhammad Taib was acquitted in Brisbane, Australia, yesterday of currency regulation breaches involving more than Asl.2 million (Ssl.3 million). The district court jury took three hours to bring in the not guilty verdict, which was met with cheers
      AFP; Bernama  -  232 words
    • Article
      HK government eases several property speculation curbs
      678 5  -  Moves to prop up market, improve developers' liquidity From Qusk Hiang Whai in Hongkong THE Hongkong government yesterday suspended several anti-speculation measures in a move to help support the flagging property market as well as boost developers' liquidity. Chief Executive Tung Chee-hwa said
      678 words
    • Article, Illustration
      Lock icon Estrada proclaimed president
      241 5 MANILA AFP JOSEPH Estrada, a former movie star adored by millions of his poor countrymen, was proclaimed by Congress yesterday as the 13th president of the Philippines. "By virtue of the authority vested in me...1 hereby proclaim Joseph Ejercito Estrada as the duly elected president of the
      AFP; REUTERS  -  241 words
    • Article
      Philippine GNP growth slows to 2.5% in 1st qtr
      743 5  -  Govt blames poor growth on high rates, falling peso From Al Labita in Manila HIGH interest rates, a depreciating peso and poor agricultural output slowed down the Philippine economy in the first quarter, the government announced yesterday. Economic Planning Secretary Cielito
      743 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      92 5 Wm B| I with a FUTUREKIOS franchise, youll help children and teachers H master the power of the computer. Our cuoing-edge cumcuhm, teaching methodology and proven operating system have made FUTUREKIDS a world leader in computer education. In fact Entrepreneur magazine has ranked FUTUREKIDS as the number one franchise in
      92 words
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  • INDONESIA IN TRANSITION
    • Article
      Lock icon Indon govt eases investment rules to improve transparency
      450 6 Approvals process shortened, tax break criteria clarified in bid to draw investors Reuters [JAKARTA] Indonesia's top economics minister Ginanjar Kartasasmita said yesterday that the government had launched sweeping reforms of investment procedures to cut bureaucracy and increase transparency. "These are big steps,
      Reuters  -  450 words
    • Article
      Lock icon Pitch for US firms to buy US$2.5b Indon stock
      151 6 Bloomberg [SINGAPORE] Lockheed Martin Corp, GE Capital Corp and AT&T Corp are being pitched by bankers as potential buyers for US$2.5 billion (554.2 billion) of stock in Indonesia's biggest stateowned companies. The three are among dozens of US and European firms
      Bloomberg  -  151 words
    • Article
      Lock icon Clove monopoly told to return money
      190 6 AFP [JAKARTA] Indonesia's new government has ordered that money collected by the clove monopoly agency, controlled by ousted President Suharto's son Hutomo "Tommy" Mandala Putra, be returned to farmers, a top minister said yesterday. Cooperatives Minister Adi Sasono also said Inkud, a vil-lage-level cooperatives
      AFP  -  190 words
    • Article, Illustration
      Lock icon Runs on Salim's bank even after govt takes control
      315 6 SAP cats rating of Bank Central Asia to 'not meaningful' Bloomberg AFP [JAKARTA] Panicked depositors lined up at branches of the Salim group's Bank Central Asia (BCA) in Jakarta and elsewhere yesterday even after the government took control of the troubled
      Bloomberg; AFP; REUTERS  -  315 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      1202 6 (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that an Extraordinary General Meeting of the Company will be held at Carlton Hotel, Empress Room A, Level 2, 76 Bras Basah Road, Singapore *****8 on 22 June 1998 at 11.00 a.m. (or immediately after
      1,202 words
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  • REGION/WORLD
    • Article
      Lock icon US consumer spending outstrips incomes in growth
      352 7 WASHINGTON April's 0-5% spending rise also comes at expense of savings Reuters CONSUMERS dipped into savings in April to maintain a spending pace that outstripped their incomes, the Commerce Department said yesterday. Spending on everything from new cars to medical services increased 0.5
      Reuters  -  352 words
    • Article, Illustration
      Lock icon Japan jobless rate at post-war high
      235 7 TOKYO Reuters JAPAN'S announcement of its worst unemployment rate since the end of World War Two, rising to a record 4.1 per cent in April, triggered anger and trepidation in the ordinary person on the street yesterday. The figures released early yesterday showed young
      Reuters; AFP  -  235 words
    • Article
      US$4.5b lost to Indon forest fires and haze in 1997
      260 7  -  SINGAPORE By\ Samuel Ang THE Indonesian forest fires last year caused total damages of about US$4.5 billion (557.5 billion) throughout the region, according to a study that was released yesterday by the World Wide Fund for Nature (WWF) and the
      260 words
    • Article
      Lock icon Running out of time to put a stop to yen's fall
      492 7 LONDON Continued weakness in yen seen to have devastating impact euters ARE the United States and Japan ready to put a stop to the yen's depreciation? The question has taken on greater urgency, say analysts, with the economic implications
      euters  -  492 words
    • Article
      US-led non-proliferation regime suffers blow
      481 7  -  NUCLEAR FALLOUT There's concern that Pakistan's move could hasten Iran's nnclear efforts From, Leon Hadar in Washington PAKISTAN'S test of nuclear weapons on Thursday, coming after India's five nuclear blasts, not only marks the start of a dangerous nuclear arms race in South Asia, but
      481 words
    • Article
      Economic costs of sanctions may be staggering
      510 7  -  From Rajendra Bajpai in New Delh i INDIA and Pakistan are expected to pay dearly in economic terms for their respective decisions to escalate the arms race on the sub-conti-nent and test nuclear devices. Pakistan, responding to five nuclear explosions by India on
      510 words
    • Article
      C'wealth meet to focus on fight against money laundering
      391 7  -  Next week's talks will discuss preventive measures From Neil Behrmann in London FINANCE and law officials of 38 Commonwealth countries meet in London next week to discuss preventive measures against money laundering. Attorney-generals, central bankers and senior financial and legal officials
      391 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      44 7 DOOMESBPRY By Garry Trudeau ABLL, KJPS, rPS T7MB! TI/HE- J ANP S£R.V/N6 CNOW, NOW, '^sas^saitiT,? m Cf rzwrnsp phone call. pe*. um top to- W^7\\ sr,LtPUToN CBNSBP TC&ACCO ÜBBYISTS! fc 1 BACCD bOoßrt&7s J iA/ 11 TH&K&N7S I < AF 1 UK£HOWARP I tyox&'j[ UKBWUPO'J
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    • Miscellaneous
      Page 7 Miscellaneous Column 2
      380 7 THE WEATHER Singapore: Fair and warm. Temperature (34/26 C) AaU-Paclflc La/Hi* Cood. iTusakm 13/28 rtoudy Stockholm 415 sunny \milaml 12/ IT rtoudv Meera 26-38 sunns Vienm 12/26 rtoudy Bantfk* 25-54 rtoudy Zurich 11/22 showers Bm| 1X27 sumi\ Europe La/Hi* Cood. Bombay 2K34 rtoudv UiMerrtam 11/15 rtoudy America Lo/Hl* Cood. Brisbane
      380 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Elec & Eltek's shares hit by analysts' downgrade
      505 8  - Elec Eltek's shares hit by analysts' downgrade It's not the only one affected as investors sell down other electronics stocks By< Annette Pau [SINGAPORE] Hongkongbased printed circuit board maker Elec Eltek's shares yesterday fell 60 US cents, or 12 per cent, to US$4.5O as three stockbroking houses cut their weightings
      Source: Bloomberg  -  505 words
    • Article
      Vikay unveils $9.2m unaudited net loss before extraordinaries
      379 8  -  By, Jennifer Lien [SINGAPORE] Vikay Industrial Ltd, under judicial management, yesterday announced an unaudited $9.2 million net loss before extraordinaries for 1997. Total loss, after extraordinary losses of $21.9 million, was $31 million, compared to a $101,000 profit in 1996. The bottomline
      379 words
    • Article
      Liems may sell UIC, QAF if Salim group unravels at home
      672 8  -  HOCK LOCK SIEW Lee Han Shih SHOULD the Salim empire unravel in Indonesia, what will happen to its two listed companies here the 22.3 per cent owned property and trading group United Industrial Corporation (UIC) and the 70 per
      672 words
    • Article
      MAS posts RM257m net loss as forex losses, costs mount
      486 8  -  From Ruth Wong in Kuala Lumpur WEIGHED down by hefty foreign exchange losses, lower traffic demand and escalating costs, Malaysia's national carrier Malaysian Airline System Bhd (MAS) has reported a net loss of 256.64 million Malaysian ringgit (*****.3 million) for
      486 words
    • Article
      QAF calls off proposed acquisition of Indofood
      472 8  -  Move expected given Indon crisis, Salim's trouble: observers By Ven Sreenivasan [SINGAPORE] Listed food group QAF Ltd has finally called off its proposed multibillion dollar acquisition of the Salim group's flagship Indofood Sukses Makmur, citing continuing uncertainties and the difficult economic outlook. Yesterday's
      472 words
    • Article
      Goldtron pulls out of Russian investment
      115 8 [SINGAPORE] Goldtron Ltd has signed an agreement to sell its entire shareholding in Elektricheskaya Svyaz for US$27 million (Ss4s million) cash. Elektricheskaya Svyaz is the local telephone exchange responsible for the telecommunications infrastructure in the Primorsky region of the Russian Far East. Stung by
      115 words
    • ISEAS TRENDS
      • Article, Illustration
        Lock icon A post-Suharto Indonesia still troubles the region
        1163 9  -  The political change in Indonesia has been fairly orderly but the drama has still to be played out with uncertain consequences for the region, says Michael Leifer Michael Leifer Professor Michael Leifer is Professor of International Relations at the London School of Economics
        REUTERS  -  1,163 words
      • Article, Illustration
        Lock icon Estrada, the Philippines' new action hero
        1244 9  -  PREVIEW OF NEW PHILIPPINE PBESmiSHCY The Estrada presidency holds some promise, as well as pitfalls By. Emil P Bolongaita Jr Dr Emil P Bolongaita Jr. is a lecturer in the Master in Public Policy (MPP) Programme, National University of Singapore. THE Philippines held a
        REUTERS  -  1,244 words
      • Article, Illustration
        Lock icon The Asian economic crisis and cross-cultural understanding
        891 10  -  The Asian economic crisis has highlighted the need for East-West cross-cultural understanding. So far, Asian and Western analysts seem to be talking past each other, writes Sharon siddique Sharon Siddique Dr Sharon Siddique, a former Deputy Director of ISEAS, is Director of the
        AFP  -  891 words
      • Article, Illustration
        Lock icon Nuclear weapons tests will spur proliferation
        1140 10  -  The new nuclear reality in South Asia will have both regional and global implications By] Derek da Cunha Dr Derek da Cunha is a Senior Fellow at the Institute of Southeast Asian Studies. One of the more traditional forms of state power military might
        AFP  -  1,140 words
      • Article, Illustration
        Lock icon Assessing the Asemmetries
        1107 11  -  FOCUS OH ASEM EE Asem's modest achievements have been worth having. But there is now the need for more product as distinct from the process, writes Gerald Segal Gerald Segal Dr Gerald Segal is Director of Studies at the International Institute for Strategic Studies and Director of
        DENNIS THONG/ZB  -  1,107 words
      • Article
        Asem II — another chance missed by the Europeans?
        1003 11  - Asem II another chance missed by the Europeans? The Europeans foiled to seize the opportunity to strengthen relations with Asia By Jurgen Ruland Dr Jurgen Ruland is professor of political science at the University of Rostock. Germany, and chairman of the Advisory Council on Southeast Asia of the German Society
        1,003 words
      • Article
        Civil or civic society? The S'pore idea(1)
        2017 12  -  Is there a difference between civil and civic society? And should it matter, asks KohTai Ann Koh Tai Ann Assoc Professor Koh Tai Ann is a Visiting Associate Senior Fellow at the Institute of Southeast Asian Studies. AS the haze, the currency and
        2,017 words
      • Article, Illustration
        Lock icon The need for National Education in Singapore
        1379 12  -  The National Education curriculum can be expected to meet some real national needs. By C J W-L Wee DrCJ W-L Wee is a Fellow at the Institute of Southeast Asian Studies. PRIME Minister Goh Chok Tong spoke of the need for a "National
        CHEW SENG KIM/ST  -  1,379 words
    • COMPANIES
      • Article
        SRI Fund makes $3.7 m but value falls 35%
        270 13  -  Drop to $l(&5m expected given the regional turmoil Ry\ R Sivanithy [SINGAPORE] The Singapore Regional Index (SRI) Fund made a $3.69 million after-tax profit for the period Nov 12, 19% to March 31,1998, but also suffered a 35 per cent drop
        270 words
      • Article
        Clipfone maker Astralink sees sales doubling to $30m in '99
        465 13  -  Firm to seek listing in 2-3 years on Sesdaq, if not Nasdaq By' Teh Hooi Ling [SINGAPORE] Home-grown Astralink Technology, which developed the multiple award-winning cordless Clipfone, expects sales to double to $30 million next year, and says a listing
        465 words
      • Article
        Lock icon MRCB posts RM44m interim loss
        355 13 Bloomberg Bernama [KUALA LUMPUR] Malaysian Resources Corporation Bhd (MRCB) and three of its listed units yesterday announced results that showed how the currency turmoil had hurt their operations. Both MRCB and Sistem Televisyen Malaysia Bhd (TV3) swung into the red while New Straits Times Press
        Bloomberg; Bernama  -  355 words
      • Article
        Lock icon Compaq to retire Digital debt
        229 13 Bloomberg [HOUSTON] Compaq Computer Corp, the No 1 personal computer maker, said it will retire three issues of Digital Equipment Corp debt valued at US$75O million (Ssl.3 billion) to cut interest costs as industry competition intensifies. The offer applies to US$25O million in 71/8 per
        Bloomberg  -  229 words
      • Article
        Lock icon Hong Leong Bank posts RM42m Q3 gain
        110 13 Bloomberg {KUALA LUMPUR] Hong Leong Bank posted profit of 41.64 million Malaysian ringgit (5517.9 million), or 28.9 sen per share, in the third quarter ended March 31. The bank gave no figure for last year's comparable period because this is its first time
        Bloomberg  -  110 words
      • Article
        Lock icon JAL expects 14b yen profit in FY98
        493 13 F797 2nd half loss due to fewer passengers and hotel write-offs Bloomberg [TOKYO] Japan Airlines Co, Japan's largest airline, said it expects to show a profit in fiscal 1998, after posting wider losses in the second-half just ended, because of a decline in
        Bloomberg  -  493 words
      • Article, Illustration
        Lock icon Swire chief Peter Sutch to resign next year
        382 13 Other management changes will also affect Cathay Pacific Bloomberg [HONGKONG] Peter Sutch will resign as chairman of Swire Pacific Ltd in May next year, capping a three-decade career during which he steered the British company through Hongkong's return to China. Mr Sutch,
        Bloomberg  -  382 words
      • Article
        Lock icon Goldman block trades US$l.3b shares in one day
        231 13 Bloomberg [NEW YORK] Goldman. Sachs Co bought and sold US$l.25 billion (Ss2.l billion) of stock in two companies in a single day, profiting by helping clients quickly dispose of their large stock holdings. "I can't remember doing two blocks like this in
        Bloomberg  -  231 words
      • Article, Illustration
        Lock icon United Healthcare to buy Humana for US$5.5b
        456 13 New company will offer medical care In 48 states in US FT [NEW YORK] United Healthcare, the US-managed healthcare provider, on Thursday announced plans to buy Humana, another provider, for US$5.5 billion (559.2 billion) in an all-share transaction. The deal is the latest
        FT; REUTERS  -  456 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Nikko Sec up 4.8% on report of link with Citicorp
        267 14 Bloomberg [TOKYO] Nikko Securities Co's shares surged 4.8 per cent yesterday after a newspaper reported that Japan's third-largest brokerage may enter a "capital tie-up" with Citicorp. The Nikko rumours came on top of an announcement by Citibank NA, a Citicorp
        Bloomberg  -  267 words
      • Article, Illustration
        Lock icon Downmove for greenback over?
        427 14 USS/mark: The US dollar reversed its recent bearish sentiment to rally to a high of 1.7880 by Wednesday. It then eased to 1.7743 the following day before buyers returned to bring the unit to the 1.7810 level yesterday morning. The technical picture favours the upside with
        Source: DBS Bank  -  427 words
      • Article
        Lock icon Commerzbank posts 580m mark profit in 1st-qtr
        288 14 Earnings of 1.25 marks per share led by gains in interest, commission income Bloomberg [FRANKFURT] Commerzbank AG, Germany's thirdlargest publicly traded bank, indicated a first-quarter profit of 580 million Deutschemarks (*****.9 million), led by gains in interest income and net commission income. Commerzbank
        Bloomberg  -  288 words
      • Article
        Lock icon ING profit doubles in Q1, sees full-year EPS rising 30%
        349 14 1.9b guilder earnings is above analysts' expectations of 1.6b Reuters [AMSTERDAM] Dutch financial services group ING Groep NV on Thursday posted bumper first-quarter profits and predicted substantial earnings gains over the full year. "Barring unforeseen circumstances, the board expects full-year
        Reuters  -  349 words
      • Article
        Lock icon BNP unit to merge with First Hawaiian
        230 14 Bloomberg [HONOLULU] Banque Nationale de Paris' California unit and First Hawaiian Inc agreed to a US$97l million (Ssl.6 billion) merger that gives France's third-largest bank a stake in a company it can use to make more acquisitions in the US. First Hawaiian will
        Bloomberg  -  230 words
      • Article
        Lock icon Palladium up on Engelhard buying
        247 14 Bloomberg {TOKYO) Palladium for April 1999 delivery rose 2.3 per cent in Tokyo after Engelhard Corp was reported buying in the market, which attracted other investors, traders said. "Engelhard's impact was big," said Shigeyuki Uchida, an analyst at Ace Koeki Co, a trading company. "People
        Bloomberg  -  247 words
      • Article
        Lock icon Oil prices flat; more Iraqi oil expected
        256 14 ENERGY REPORT Reuters [LONDON] World oil prices were little changed yesterday but bearish traders saw the possibility of a temporary halt in Iraqi exports recede as they scoured the West for spare tanks to store unwanted oil. World benchmark Brent blend crude was
        Reuters  -  256 words
      • Article
        Open interest for futures plunges
        178 14  -  MSCI TAIWAN FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore (SINGAPORE] Open interest for the Simex MSCI Taiwan Stock Index futures plunged after Thursday's dramatic rebound during the last hour. Sentiment remained weak as investors were worried about slowing demand in the US for
        178 words
      • Article
        Lock icon CURRENCY REPORT
        280 14 AFX-Asia AFP London THE dollar eased from its highs of the day in late trade following the release of a weaker-than-expected Chicago purchasing managers index, dealers said. However, most still believe the dollar will rise above its seven-year high of 139.20 yen, reached overnight, to breach the 140
        AFX-Asia; AFP  -  280 words
      • Article, Illustration
        Untitled
        1268 14 DfTERBAlfg CROSS RATES AS CS twfc ECU ffr Pi» HK$ M »S fttfUH Yw Woo M M2$ Nfc H Peso S$ »and Sfr WTS PHt Ng* US$ Australia 0.908 6.178 0.567 3.742 1.116 4.842 26.*****.000 0.S68 8.797 2.417 1.165 27.850 24.322 1.046 3.222 0.927 21.247 25.138 0.385 0.625 Cmaii 1.101
        1,268 words
    • Article
      COMMODITY PRICES
      1875 15 8IC0M FUTURES May 29 IUMIR (futures dostaq *s at 5.30pw) RSS1 CONTRACTS ctfltsAq) Clow Volume Open Month ittjh Low Sott (tonwi) Interest J«n 98 126.50 126.50 126.50 25 625 Jul 98 126.50 1415 Auq 98 126.75 2065 Sep 98 128.00 1215 0<t/D«c98 132.50 4725 Jan/Mar 99 137.25 1350
      1,875 words
    • Article
      WORLD STOCK MARKETS
      2321 15 LONDON Industrials Hay29 31 Group 634.000 2.000 AB Ports 352.000 unch Abbey National 1092.000 9.000 Allied Domecq 611.000 6.000 Amec 193.400 3.000 As da Group 182.000 -1.000 SATInd 551.400 -9.000 BGPIc 316.000 -6.000 BtCC 165.400 -0.600 BOC Group 970.000 -8.000 BR Petroleum 901.000 -13.000 BTR 201.600 -3.400
      2,321 words
    • Article
      Lock icon TOKYO
      1619 15 Bloomberg P Nikkei 225 -128.77 JAPANESE stocks were mixed as a fall in electronics companies on worse-than-expected earnings was offset by gains in banks after Bank of Tokyo-Mitsubishi Ltd moved to bolster Indonesia's fragile economy. "Banks have taken such a beating over Asia that any encouraging news is going
      Bloomberg  -  1,619 words
    • Article, Illustration
      Lock icon HONGKONG
      1511 16 Reuters f% Hang Seng +56.62 STOCKS ended firm yesterday in a market seized with nervousness as investors awaited first-quarter economic data. But firm property stocks provided some support, brokers said. As the market closed, the government announced that gross domestic product shrank 2 per cent in real terms in
      Reuters  -  1,511 words
    • Article, Illustration
      Lock icon CHINA
      613 16 Reuters QShenzhen Blndex +0.09 CHINA'S hard currency B shares closed mixed yesterday amid weak sentiment, shaken by volatility in Hongkong stocks, brokers said. "The volatility on the Hongkong stock market sparked renewed concerns of a deepening of Asia's financial crisis," a broker in Shanghai said. "Foreigners sold heavily in
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  613 words
    • Article
      Lock icon TAIPEI
      375 16 AFP QTP Index -22L16 TAIWAN stocks dipped 2.7 per cent yesterday, falling through the 8,000-point psychological level amid the depreciation of the local currency on the back of yen weakness. The Weighted Price Index dipped 221.16 points to 7,903.34. "The steep fall was led by the currency's instability," said
      AFP  -  375 words
    • Article
      Lock icon WELLINGTON
      256 16 AFP n Wellington -9,37 NEW ZEALAND share prices fell 0.4 per cent yesterday, led by forestry stocks. The NZSE-40 Index fell 9.37 points to 2,181.83, but a broker saw positive signs coming through in the high volume. Trade was worth NZ5173.37 million. —AFP Nay 29 Mi (000) ANZ e*r*in«
      AFP  -  256 words
    • Article, Illustration
      Lock icon BANGKOK
      782 16 AFP CI SET Index jj THAI shares fell 2 per cent yesterday amid regional and domestic economic turmoil, and investor worries over recapitalisation of local commercial banks. Analysts said fears over the dilution of Siam Commercial Bank pic (SCB) stocks following the bank's announcement of recapitalisation plans led the
      AFP  -  782 words
    • Article
      Lock icon SEOUL
      416 16 AFP 71 Composite Index *1X54 SHARE prices closed yesterday 3.9 per cent higher on improved sentiment as labour unrest eased after the end of a three-day strike. "There are no positive news, but the fact that the strike ended peacefully is good news," a dealer said. Dealers said banking
      AFP  -  416 words
    • Article
      Lock icon SYDNEY
      581 16 AFP P| AH Ordinaries +L 1 AUSTRALIAN share prices finished slightly firmer yesterday after struggling in a narrow trading range amid a lack of offshore direction. The All Ordinaries Index gained just 1.1 points to 2,715.7. The All Industrials Index rose 4.1 points to 4,726.7 and the All Resources
      AFP  -  581 words
    • Article, Illustration
      Lock icon JAKARTA
      751 16 AFP Composite Index +&24 INDONESIAN stocks closed 1.5 per cent higher yesterday on arbitrage activity in blue chips by foreign funds and the government's announcement that it would hold elections in 1999. Dual listed firms PT Telkom and PT Indosat continued to climb on arbitrage activities due to the
      AFP  -  751 words
    • Article
      Lock icon MANILA
      316 16 AFP Q Manila -2.78 PHILIPPINE share prices closed 0.1 per cent lower yesterday on disappointing economic growth figures in the three months to March. The Philippine Stock Exchange Index shed 2.78 points to 2,011.45. Volume was thin at 329.26 million shares traded worth 869.85 million pesos. Manila Mining 8
      AFP  -  316 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares lower ahead of GDP data
        417 17 AFP Bloomberg CI Composite Index -6J>O MALAYSIA'S key stock index ended 1.2 per cent lower yesterday amid worries of a regional recession, dealers said. The Composite Index finished at 538.24 points, down 6.50 points. The Second Board Index closed at 111.47 points, up 0.03
        AFP; Bloomberg  -  417 words
      • Article
        Untitled
        8738 17 INDUSTRIALS COffSIIIMf products 199# Last Vol Day Net Cap Hlqh Low Company Sal* OOO High to* P/E Smll 310 180 Ajinomoto 232 2 1 232 232 12.8 94.0 148 65 Anqkasa 67 -3 30 70 67 1.6 98.8 290 123 Apollo Food Hlq 160 4.7 64.0 388 190 Barjaya Land
        8,738 words
    • WARRANTS&OPTIONS
      • Article
        Kian Ho warrant worth monitoring
        168 18  -  WARRANT WATCH -Bj R Sivanithy BUYING warrants that are cheap in conversion premium and absolute terms is what all players should aim for; if gearing is good and time is not a problem, then all the better. Scouring the local market's warrant population yields one
        168 words
      • Article
        Untitled
        3556 18 BONOS, LOANS WARRANTS Wt 1998 Last Vol Day Last Quote A«« High Law Strvo Company Sala ♦or- COOO) High Lew Buyar Seller *rice 2X5 9 m 3000 m AMDS c5 5******6 12.5 9.5 13 20.5 8 3160 "Acer ******1 US$ 8 7.5 9.5 95 8.5 3164 Acma ******4 16 II
        3,556 words
    • Article
      CLOB INTERNATIONAL
      2385 18 Transaction date May 29 MALAYSIAN STOCKS Cr Or 1998 Last Vol Day Last Ouote Dlv Div YN IM M Cap High Law Stno Company Sale COOP) High Low Buyer Seller H C'vr H P/C $mM 135 28 m s 5000 AISB 50c 53.5 -2 67 56 53.5 53.5
      2,385 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6326 19 Transaction date: May 29 Cr Or M Wt 1998 Last Vat Day Last OwU W* Dfv Y* Hat c *f HN> Lw MMa CWHH) Bala COOOt HH» Law Bwyar «—ar Cvr P/t >W Prtta 43 1*3 1020 AC E Dynamic *60c.... 18 cd -0.5
      6,326 words
    • Article
      SESDAQ
      1131 19 Or Or M Wt UN Last VaI Day Last Ouata Dtv Dtv YM Not Ca» Av« H>» U» tm» Ciwpny rooo) 1—I U» —yr »a6ar Cw P/t t— Prtao 134 to a 2000 ASftHMgtSc 12 7*5 82 40.0 82 243 74 a 2049 AS Auto 10c 114 -1 67
      1,131 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        215 20 Stacks Votama fasyknit HKIOc 27,254,000 SingTel 15c 7,*****0 DBS Land 6.511.000 *M8f Capital 5.378.000 Goldtron 20c 5.054.000 TAC BtIO 200 3.929,000 HK Land USIOc 3,865.000 •RHB Cap Wt99 3,818,000 •M Resources 3,795,000 Keppel Land50c 3,275,000 Stacks DBS Foreign 27,450,401 SIA Foreign 18,851.323 SPH 18,596,130 SingTel 15c 17.229,609 DBS Land 12,289,118
        215 words
      • Article, Illustration
        HOT STOCK
        81 20  -  -by\ Shiv Taneja VAN der Horst closed unchanged yesterday at 39 cents on volume of 1.67 million shares, compared with its 10-day traded average of 557,200 shares In the near term, the daily RSI chart indicates more upside for this counter. However, this is likely to be short-lived
        81 words
      • Article, Illustration
        Decline continues amid no positive news
        683 20  -  STOCK MARKET GOUBHTiir Currencies take another beating rumours of a hike in the income ceiling for HDB flats hit property stocks By R Sivanithy [SINGAPORE] There were no positive developments to help arrest the steady decline in local stock prices yesterday, as regional currencies
        683 words
      • ON THE GRAPEVINE
        • Article
          On liquid diet these days
          70 20 THE economic downturn in Malaysia appears to have changed the consumption patterns of Malaysians. According to an industry official, sales of beer rose by more than 5 per cent in the first quarter. However, an analyst said turnover pf listed fast food operator KFC Holdings
          70 words
        • Article
          GE bigger than Asean bourses
          89 20 THE nosedive in regional currencies and share prices on Asean stockmarkets and the resulting loss of market capitalisation measured in US dollar, have combined with soaring US share prices to produce a sobering comparison. Now the largest company in the US, General Electric, is bigger
          89 words
        • Article
          Top change at ABN Amro
          98 20 TON de Boer, who was dragged out of retirement to head ABN Amro's Asia-Pacific operations, is finally retiring. The Dutch group has announced that Sergio Rial will become the new CEO of Asia-Pacific, from June 1. Mr Rial, former country manager of China and Hongkong,
          98 words
        • Article
          'Only' 6.5% growth for China
          105 20 IN China, reports Salomon Smith Barney in an analysis just released, the economy remains weak, evidenced by slow growth in industrial production and retail sales, high inventories and collapsing corporate profits. Accordingly, there are signs that the government is intent on priming the pump. In
          105 words
        • Article
          Net the real thing
          70 20 ENRAGED protesters in the western Indian city of Ahmedabad this week set a Pepsi delivery truck on fire and tossed crates of the drink onto the street. According to reports from news service Bloomberg, the mob was protesting against US sanctions against India for conducting nuclear
          70 words
        • Article
          High altitude printing
          78 20 IT was not just the Singapore team that went to Mount Everest. A Singapore designed and manufactured inkjet printer went with them as well. Hewlett-Packard's DeskJet 340 C was taken by the Everest expedition to print weather reports and e-mail, among other things. The portable printer weighs
          78 words
        • Article
          The chips are down
          85 20 PRICES of dynamic random access memory (DRAM, pronounced 'dee-ram*) chips, the type most commonly used in PCs, dropped two-thirds last year, and haven't stopped foiling. Makes you want to weep if you're a chip maker, but it is bringing a smile to the faces of millions
          85 words
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      468 8 n-HlZr is is m c LnJ HUAN HSIN HOLDINGS LTD NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of Huan Hsin Holdings Ltd will be held at Westin Stamford Westin Plaia, Raffles City Convention Centre, Level 4, Moor Room, 2 Stamford Road, Singapore
      468 words
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      119 9 OF ARTS IN ASIA PACIFIC STUDIES An internationally-recognised qualification awarded by one of the UK's premier institutions, the MA provides comprehensive coverage of contemporary business politics in China, Japan, Korea, Indochina Myanmar, SE Asia and the Pacific Rim. UNIVERSITY OF LEEDS leads 7th in research power of the UK's 191
      119 words
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      405 11 See ISEAS books at the Worid Book Fair Booth 4Z12 4Z13 Suntec City, 13 21 June 1998 POLITICAL ECONOMY OF JAPANESE AND ASIAN DEVELOPMENT During the past 30 years, Shinichi Ichimura has written extensively on the development of the political economies of Japan and other Asian nations. Having served on
      405 words
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      26 13 f33Mm If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call CJLT.B. at ISOO-737-1166. rSr Anolher SmrAcm
      26 words
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      Page 16 Advertisements Column 1
      78 16 I«i\ toldX /The card we're\ I the computer I you this was a J making for Susan J I advertised in B oocl deal y Yu P- we got what \,s going tobe J V The Straits Times//, Y^"*—VT Iwe wanted because real nice! ch *L I oftl ew i
      78 words
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      Page 17 Advertisements Column 1
      54 17 |r• L"v"j a J TJ• BT77TTTB JI Xi I*l LM.I m 1 »Myi iTJ i IMJ •I*l lII* IMj A I*l'J J I |fl I I TIJ Mj J *11 i '*^B Classifications 302-394: Vehicles <at a TiHrTO—"TIIIT TT~lf AT ~i *I" "i i"i i T ITQIIWIWrTI »'^'"i A tff
      54 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      915 20 BUSINESS CCS l'<» acl\ei tisc call toll-l'ree 1 S(M)-741 IS OBSIALMMNmS NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company w»fl be held at its Registered Office, 625 Lorong 4, Toa Payoh, Singapore *****9, on Tuesday, 16 June 1998, at 11.00 a.m.,
      915 words
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      Page 20 Advertisements Column 2
      87 20 jp 1 V .-^s \*>^^W-/' V'T-XJ'nv j»^|y v! > JraVSr IHI^B and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary,
      87 words
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  • EXECUTIVE
    • Article, Illustration
      Proceeding with caution
      1539 21  -  The June holidays are here once more and travel agents are going all out to lure customers with low airfares and a wide choice of budget deals. But with the economic picture still so hazy, are Singaporeans rising to the bait? tam su ten finds out TAN
      1,539 words
    • STRAWS In The Wind
      • Article
        A star to born (hopefully)
        63 21 HERE'S how Hongkong is welcoming the World Cup season. There's a France 1998 TV commercial which shows anxious parents waiting at the hospital to see their newborn babies. And the nurses are calling out names like: 'Pele Chan!" "Ronaldo Li!" For all we know, some
        63 words
      • Article
        Reverse psychology
        45 21 IN THESE penny-pinching times, re- tailers are all putting out advertisements on their best bargains and discounts. So it was strange to come across one recent ad that said: "Why pay less?" Was that some subliminal way to get us to fork out?
        45 words
      • Article
        Mistaken identity
        120 21 A GROUP of Singaporeans were sightseeing at Greyfriars Church in Edinburgh one Sunday. Service had just ended, and while they were admiring the architecture and stained glass windows, a friendly congregation member approached them. "Religion in our country is very different from yours," he said, and went on
        120 words
    • ART
      • Article, Illustration
        A dodgy democracy and a cultural explosion (1918-33)
        756 22  -  Susan Tsang 1918 c There are general strikes for peace in Germany, and World War I finally ends. In November, the sailors mutiny in Kiel, and there are uprisings in Berlin and Munich. Kaiser William II abdicates and leaves for the Netherlands.
        756 words
      • Article, Illustration
        The view from Weimar
        1180 22  -  For a short period between the end of World War One and the start of the Nazi regime, Berlin took centre stage in the cultural life of Europe, susah tsaxo looks at the art and films that emerged during those years SUSAN TSANG T HEART that
        1,180 words
    • LEISURE
      • Article, Illustration
        Lock icon Go have a picnic before all is revealed
        1355 23  -  Will the widow Madeleine decide to marry again in Strauss' Capriccio? Will the raffish count in Rossini's Le Comte Ory be unmasked? And will love triumph over confusion in Mozart's Cosi fan tutte? At Glyndebourne, where chauffeurs wait and champagne bottles cool
        MIKE HOBAN; PHOTOS COURTESY OF GLYNDEBOURNE FESTIVAL OPERA  -  1,355 words
      • Article, Illustration
        Lock icon Glyndebourne at a glance
        284 23 PROGRAMME Coal fan tutte (new production) Cast: Barbara Frittoli, Katarina Karneus, Daniela Mazzucato, Roberto Sacca, Natale de Carolis, Alan Opie. Conductor: Andrew Davis. Producer: Graham Vick. Director: Richard Hudson. Dates: May 30. June 1,4, 6.9,12,20,23, 26,28. July 2. Katya Kahanova Cast Amanda Roocroft, Linda Tuvas, Helga
        MARK DOUET  -  284 words
    • Article, Illustration
      Lock icon More French stars heading west
      796 24  -  SHOWBIZ The pay is better, the roles more varied, and acting in an American blockbuster is a sure ticket to worldwide fame. No wonder France's screen talents are trying their luck in Hollywood By. Alian Riding NYT "IF YOU can't beat them, join them." A
      NYT; FILE PHOTOS  -  796 words
    • Article, Illustration
      Lock icon Curtains for Kuerten
      1142 24 FRENCH OPEN Rafter also bandied out, bat Rios and Chang advance Reuters AFP [PARIS] Defending champion Gustavo Kuerten crashed out of the French Open yesterday after a five-set thriller with Russian teenager Marat Safin. The Roland Garros centre court crowd was treated to a classic clash as
      Reuters; AFP; REUTERS  -  1,142 words
    • Article, Illustration
      Dancing his way into your heart
      807 24  -  CINEMA It's Singapore in the '70s, and a new disco king is waiting to be crowned. He may not be Travolta, but boy does he have some cool moves in Glenn Goei's Forever Fever By I Susan Tsang POREVER FEVER, a dance romance set
      807 words
    • Article, Illustration
      WHAT'S ON
      399 25  -  Compiled by M Yasotha KiHiwinoirs Dream-like World Of Dong Tie Featuring three of Dong Tie's most interesting series from her study of China's western regions Strange Land, Door and Terracotta Soldier. May 30 to June 14, Mon-Sat: Ham to 7pm; Sun: 11am to spm. Venue: Soobin Art Gallery.
      399 words
    • EPICURE
      • Article, Illustration
        Lock icon Making a lasting impression
        816 26  -  First-time diners at Salut are struck by its opulent interiors, but it's the food that turns them into regulars, ta* so yhm meets the woman behind the Tanjong Pag;ar restaurant that's acquired its own faithful following TAN SU YEN THERE are cobalt blue walls, diamond-cut mirrors
        PHOTOS BY CHRIS LOH  -  816 words
      • Article, Illustration
        A mix of new temptations and old favourites
        488 26  -  The season's produce is reflected in a wider choice of ailaHa anil pjffinn staffed with foie gras By 1 Tan SU Yen SALUT's menu changes every three to four months. The restaurant recently introduced a new menu with changes of 60 to
        488 words
      • Article
        Break a white habit and opt for Alsace
        733 26  -  WINE CONNOISSEUR It's readily available at modest prices and goes splendidly with Asian seafood dishes By N K Yong WHEN choosing a suitable white wine for dinner, do you immediately think of white Burgundy or perhaps a New World Chardonnay? I would
        733 words
    • Article, Illustration
      CINEMA
      789 27 An Wcrewotf In Puis. Tom Everett Scott meets Julie Delpy but doesn't realise she is howling bad news. Pavilion. Animated feature about a girl who may just be the last of the Romanovs. Lido, Republic, Changi, Choa Chu Kang, Jurong, Hougang, Century, Eastpoint, Central, Beach Rd, Bugis, Empress, Whitesands,
      789 words
    • Article
      ENQUIRIES AND BOOKINGS
      121 27 Cathay Org Cathay 338-3400 Edststxxt 34&1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Qoldan Village Bedok 443-2405 Bishan 353-8885 Boon Lay 792-2788 Broadway 454-9394 Majestic 533-9032 Marina 337-9488 Pavilion 796-5788 Tampines 8 786-5788 Tiong Bahru 274-6588
      121 words
    • TRAVEL
      • Article, Illustration
        Lock icon Sand, sea and heavy metal
        1571 28  -  p 7 vax goes wreck diving in the waters off Labuan P Y VAN IN MY gullible youth, when I was still collecting stamps and paying the princely price of $1.50 for a stamp album, the Island of Labuan was represented by three mysterious stamps—
        BORNEO DIVERS; P Y VAN  -  1,571 words
  • Page 21 Advertisements
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      9 21 H Leisure Performances and picnics at Glyndebourne EL 3
      9 words
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      Page 21 Advertisements Column 2
      91 21 Travel Wreck diving in Labium EL 8 :t > v •"r T V k ft and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening,
      91 words
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      58 24 i- V I My hubby can A walk into -these CM "two Jobs. Mo o handicap ANY JOD. ANY CAREER. AVAILABLE ANY DAY. ANY TIME. ANYWHERE. THE STRAITS TIMES THE SUNDAY TIMES BUSINESS TIMES the new Paper lianhe zaobao lianhe wanbao Shin min Daily news berita harian Berita minggu mF
      58 words
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      199 25 I U/Uaka A ft A Diners Club Offers Up to Ssl million FREE Slftii To apply, call: Where to Wine, dine and entertain... Internationa!" Personal Accident Insurance worldwide. 1 290 4545 I An All-You-Can-tat.. frCatrnftifT <j)inner Help yourself to mor&jhan 30 sumptuous dishes... to go with steaming hot porridge, yam
      199 words
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      Page 25 Advertisements Column 2
      80 25 life 4 2W) On hard Ku.ul. »05-02 A. The Hftrtn, 2 vNSSS lupp Mandarin Mult 11 Branch: S'W East oa>l Road. Singapore loj lcl: t IW c mail: Icmonpl Bmbox-».Mnj;ncLcom.!>j;. W Introducing a nezi'set lunch menu teatunm] moutfi-watcnnij dishes such as Lamb 'Masala, 'Mainancsc Chidden '.Rice, '.Riqatoni with Szechuan 'Prawns
      80 words
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      Page 25 Advertisements Column 3
      25 25 Ihmu. 1 PAOLO I I |Kt I PING'S I PASSIONAmv ITALIAN TASTtFULLY CHINESE J Now till 30 June hi ifr *i P y M > mmmm
      25 words
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      Page 25 Advertisements Column 4
      17 25 For advertisement details on Wine, Dine and Entertain, please call Adeline Goh at 740 2212 I^—^— iii
      17 words
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      Page 25 Advertisements Column 5
      7 25 Dine for Free in our Garden* 11
      7 words
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      Page 26 Advertisements Column 1
      44 26 I Ist1 st birthday sale i up to 50% off 30 may 15 june .J!!# Z I MtftCHANT ftOAO 3 o j m o i I subordinate I I courta 1 magazine road, #01-01 central mall, Singapore *****7. tel. 534 1477 fa*. 532 0477.
      44 words
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  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      2260 27 TODAY'S TV Cinema 2 Informer. RECOMMENDED VlfciWIHQ l l MIIMOXX 2M Entertainment Linkup. 9.00 AM TVSN. 3.40 Hometown of Confucius. rTTL Roltnn and Srott Riao star 1100 NN TV Innovations. 4.00 TV Innovations. 1 lie mdkillS OI BoAton ana ijcottuiao Star. LOO PM Swimming World U- MO See Sunday's Schedules.
      2,260 words
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      Page 28 Advertisements Column 1
      88 28 I J J Bccause a high-powered, sophisticated 'Al vehicle needs to obey your every command. J J whether in the air. or below it v *,V The Saab 9-5 No for ces outside your control f C\ SAAB <-AN^ The closest you can get to flying without actually leaving the
      88 words
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      Page 28 Advertisements Column 2
      30 28 brought to you by For more information on wreck diving in Labuan, write to Borneo Divers at PO Box *****,*****Labuan FT, Malaysia. Tel: 60-87-*****7. Fax: 60-87-*****4. E-mail: bdsslbn@po.jaring.my Website: http://www.jaring.my/bdivers
      30 words