The Business Times, 15 August 1998

Microfilm: NL21219
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA(P) 110/12/97 85* SINGAPORE Internet: http://business-times.asia!.com.sg/ WEEKEND EDITION, AUGUST 15-16, 1998
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  • Article
    MARKET SUMMARY
    67 1 Qsra 9MJI (+8.37) n n hm 388.42 (-1.54) BTOOMF 78&29 (+1.15) riITMGA mm 544J4 (-0.80) STOCK MARKET INDICES Friday Change KLSE COMP 327.98 *115 NIKKEI 1i.t23.93 -258.09 HANOSENO 7,224.69 +664.2 7 SET INDEX ***** +1171 JAKARTA COMP 414.63 +11.69 MANILA COMP —1,***** +34.63 TAIPEI WP1 7,348.94 14J1 SEOUL
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  • Article
    FINANCE
    75 1 FOBEX BATES us$ ss US$ 1.744 £(U8$/S$per2) 1.622 2.829 ()M 1.787 0.976 YEN 144.4 Ii08* RM 4190 0.416 HK$ 7.760 0m HAirr 41.70 0.042 RUPtAH 12£76 0.014 St to 100 units FUME BATES SINGAPORE* 7.88 KUALA LUMPUR 11.60 JAKARTA ..28.00 BANGKOK 14.75 MANILA .22.90 HONGKONG 10.25 TAIPH 8.80 SYDNEY
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  • Article
    New condos, houses going below resale market prices
    722 1  -  Trend expected to take hold; developers have no choice, says an analyst By Lee Han Shih, Ang Wan May [SINGAPORE] Developers are offering new condominiums and houses at prices below comparable properties in the resale market. At the moment only a portion
    722 words
  • Article, Illustration
    Lock icon HK govt buys stocks, futures to shore up HK$ HK govt moves to defend HK$
    920 1  -  Govt digs into its foreign reserves to fight 'double play' by hedge funds From Loh Hui Yin, Quak Hiang Whai til tiongKong IN a move that caught markets by surprise, the Hongkong government yesterday abandoned
    Source: Bloomberg  -  920 words
  • Article
    Microsoft picks S'pore to be its Asia-Pacific ops centre
    432 1  -  Move likely to generate over $100 m a year for economy By Kenneth James [SINGAPORE] Global software leader Microsoft Corp has selected Singapore as its operations centre for the Asia-Pacific region, in a vote of confidence that is likely to generate
    432 words
  • Article
    Business families want Habibie to declare force majeure
    584 1  -  This will free them from their foreign debt obligations From Shoeb Kagda in Jakarta MORE than 100 of Indonesia's top business families are lobbying President BJ Habibie to declare the country's economic situation as force majeure and thus free them from having
    584 words
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      82 1 nngPß hs W it Staying alive Jaime Ee goes behind the sets of Singapore's movie business and finds a constant battle against tight budgets and thin margins, ELI Perfect pfck-ip The Jaguar XKR is really something, ELS Play and win Missed out on the first qualifying period of the BT-Stanchart
      82 words
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      185 1 WingTai's Sunrise Gdns cheaper than EC, Pg 4 Anson Chan reaffirms China won't devalue, HK peg stays, Pg 4 When attacking HKSpeg brings easy money, Pg 12 HK reviewing subsidised home-ownership scheme, Pg 6 j Invented for you The Type XX Aeronavale chronograph has a doubly prestigious heritage. It is
      185 words
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      8 1 IniinnAiUw Mn«Hm coalition wants Pancasila revoked, Pg 6
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'SEYE
      • Article, Illustration
        BT Sentiment Index
        612 2 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, Deutsche Morgan, Fraser, GK Goh, ING Barings, Kay Hian, Kim Eng, Merrill Lynch. Overseas Union Bank ♦(Maintain Buy) Paribas Asia Equity, Aug 14, $2.96 OUB reported interim group net profit of
        612 words
      • Article, Illustration
        In My Opinion
        469 2  -  Madeleine Lee Managing director and chief investment officer Commerzbank Asset Management Asia NE year after the I I start of the Asian crisis must find some investors questioning if the traditional methods of assessing the stocks and stockmarkets are dead. How else can one explain the gaps
        469 words
    • Article, Illustration
      Lock icon Fewer contra opportunities
      786 2  -  SES review proposes shorter settlement time, but also calls for lower broking commissions, and more products By Shiv Taneja [SINGAPORE) THE proposals of the Stock Exchange of Singapore Review Committee will mainly affect individual investors in three ways lower broking commissions, shorter settlement time, and the opportunity
      FILE PHOTO  -  786 words
    • Article, Illustration
      Lock icon 'Value gap' grows ever wider for Clob counters
      1092 2  -  Most in our portfolio have been driven down to less than half their book value By\ Louis Beckerling [SINGAPORE] A yawning gulf has opened up between the balance sheet values of Malaysian companies and the price that investors are willing to pay
      Source: Datastream  -  1,092 words
    • Article
      Wiser to wait for Q3 bank results
      731 2  -  EYE ON THE REGION: THAILAND NPLs have not yet peaked; unclear how banking sector will recover From Harish Mehta in Bangkok SOME of Thailand's high-fly-ing dynasties, who controlled two banks and five finance companies, were wiped out yesterday after the Bank of Thailand
      731 words
    • Article, Illustration
      Lock icon Fund profile
      332 3 Compiled by BT Investment objective To achieve an income yield higher than Singapore dollar fixed deposits by investing in a portfolio of money market and fixed income instruments in Singapore dollars and other currencies. Investment style Focus on yield and capital preservation. Active country and currency allocation. Strategies
      Compiled by BT; Source:  -  332 words
    • Article, Illustration
      Lock icon Schroders regains ground
      1068 3  -  After a few subdued years, Schroders is making a comeback with its latest product and stands by its investment stance By\ Shiv Taneja [SINGAPORE] IN serious danger of becoming a second string unit trust manager on the back of average fund performances and a couple of mediocre
      FILE PHOTO  -  1,068 words
    • Article
      Over 2,400 apply to play in first qualifying period
      183 3 THE GAME OVER 2,400 applications have been received for the first qualifying period of The Game a unit trust competition in Singapore organised by The Business Times and Standard Chartered Bank. "The response has been overwhelming," said Lim Meng Tat, manager
      183 words
    • Article, Illustration
      Lock icon Why going global makes sense and $
      1031 3  - Why going global makes sense and Invest in areas that will do well when returns at home are less attractive By. Kwok Keng Han The writer is manager, retail marketing, at Nicholas-Applegate Capital Management Asia. THINK local, act global. This call to action is very common, especially on merchandise for
      FILE PHOTO  -  1,031 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      102 3 Sound Us Out First __aaSME~ ATLAS HI Fl PTE LTD suiter sound ttwrxMfh nrsearch nO l-116/124 Suntec City Mall (Tower Two) Tel: 339 0966 Fax: 336 4678 ,he fi« Meetthe Georg© Soros I Raymond Quah of Ang Mo Kio leads in The Game, the investment competition from Standard Chartered His
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Wing Tai's Sunrise Gdns now cheaper than EC
      436 4  -  At $368 psf, the remaining 15 units in Tio Chu Kang are $2 psf cheaper than Woodsvale EC By] Diana Oon LISTED Wing Tai Holdings has lowered asking prices for its 99-year Sunrise Gardens condominium to $368 per sq ft, $2 psf
      436 words
    • Article, Illustration
      Lock icon New F16C/D multirole fighters arrive in S'pore
      409 4  -  By\ David Boey SINGAPORE'S air defence shield has been strengthened with the arrival this week of the first Lockheed Martin F--16C/D Fighting Falcon advanced multirole fighters. A Republic of Singapore Air Force (RSAF) F-16C sin-gle-seat fighter and three F--16D twin-seat trainer/allweather strike aircraft
      ARTHUR LEE  -  409 words
    • Article
      Western Digital axes another 41, this time at high-end plant
      287 4  -  Workers laid off include admin staff, engineers, managers nth Jennifer Lien DISK drive maker Western Digital has laid off another 41 staff, this time at its Tuas high-end manufacturing plant. The layoffs leave Western Digital's Tuas plant with 1.200 staff.
      287 words
    • Article
      S'pore-bashing tied to KL polls
      444 4  -  Boon Heng says unhappiness over economic slump being diverted to S'pore ////< Carol Eng SINGAPORE and Malaysia can have a mature relationship only if Malaysian politicians can go through a general election without engaging in Singapore-bashing, Minister without Portfolio Lim Boon Heng said yesterday. Mr
      444 words
    • Article, Illustration
      Lock icon Anson Chan reaffirms China won't devalue, HK peg slays
      500 4  -  Cutting link would be like cutting lifeline, not only to HE, but to region, she says By i Catherine Ong CHINA will not devalue the renminbi and Hongkong will hold on to its currency peg despite sustained speculative attacks, the Chief
      SIEW YAW HOONG  -  500 words
    • Article
      Call to maintain advertising budgets
      176 4 WHILE others cut their advertising budgets in a market downturn, smart companies gear up. They get their messages focused and make their advertising dollar work harder for them, the group general manager of marketing of Singapore Press Holdings (SPH) said yesterday. Speaking on "Clever Use
      176 words
    • Article
      LKY book proceeds to go to education groups
      205 4 FOUR education groups stand to gain from Senior Minister Lee Kuan Yew's memoirs, the first volume of which will be launched on Sept 16, his 75th birthday. Proceeds from the sale of a limited number of autographed copies of the memoirs will
      205 words
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  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      200 4 CRYPTIC CROSSWORD to a Z 23 Making further use of troops using manpower TZBtZJitZIBC— 26 Assign a parking period (7) J— L—l 27 Individual crossing for choice (7) m a B ,tate d note, being 24 Get Burlington House a good 28 A coach for the retinue es- ery eniotional
      200 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Taiwan giant sets US$1b as target for South-east Asia fund
      358 5 Reuters [TAIPEI] Taiwan investment giant China Development Corp said yesterday it aimed to pool US$l billion (Ssl.7 billion) for a state-inspired fund to pump friendly investment into cash-strapped South-east Asia. "Our president (Benny Hu) says he likes the ring of
      Reuters  -  358 words
    • Article, Illustration
      Lock icon Tough-yet-humane rescue scheme for Thai financial sector
      864 5  -  Government wipes ont seven institutions, eyes 300b baht in fresh bailout funds From Harish Mehta in Bangkok THAILAND yesterday unveiled a "tough-yet-humane" rescue package for its battered financial system by shutting down a scandal-rid-den bank, allowing seven institutions to disappear, pumping capital into
      AFP  -  864 words
    • Article
      Lock icon Manila's June trade surplus is 1st since Dec '88
      204 5 Bloomberg [MANILA] The Philippines posted its first trade surplus in almost a decade in the month of June as the slowing economy and the depreciation of the peso caused imports to plunge. The National Statistics Office said the country had a
      Bloomberg  -  204 words
    • Article, Illustration
      Lock icon IMF criticism riles Tokyo officials
      629 5  -  Fears oflMPs remarks derailing Obuchi's banking recovery plans From Anthony Rowley in Tokyo JAPANESE officials reacted angrily yesterday to a claim by the International Monetary Fund that Tokyo's response to the country's financial crisis has "fallen short" of what is required. The criticism comes just
      AFP  -  629 words
    • Article
      Lock icon China's July investment growth up 23%
      532 5 Expansion fastest in 3 years; data shows demand's finally picking up: analyst Bloomberg [BEIJING] China's benchmark investment indicator grew last month at the fastest pace in three years, sending the clearest signal yet that government efforts to stoke economic growth may finally be taking
      Bloomberg  -  532 words
    • Article
      Lock icon Taiwan appears set for slowest growth in 13 years
      270 5 Bloomberg [TAIPEI] Taiwan's economy will likely grow at its slowest pace in 13 years as demand for its exports tumbles, the government said yesterday. The economy grew at an annualised rate of 5.21 per cent in the second quarter of 1998,
      Bloomberg  -  270 words
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  • REGION
    • Article
      Lock icon Flood waters burst dyke near China's biggest oilfield
      452 6 BEIJING It accounted for half of country's oil production last year AFP MILLIONS of people in northeastern China yesterday battled to save cities from steadily rising waters, as raging torrents breached a major dyke close to the country's biggest oilfield, Daqing, state
      AFP  -  452 words
    • Article, Illustration
      Lock icon China urges prompt action against those behind Indon riots
      521 6 BEIJING But Beijing police block potential protests at Indonesian embassy Reuters CHINA yesterday called on Jakarta to promptly investigate and prosecute those behind the attacks on ethnic Chinese during rioting in May, but mustered police to block potential protests at Indonesia's
      Reuters; AFP  -  521 words
    • Article
      Lock icon Indon Muslim coalition wants Pancasila revoked
      186 6 mJAKARTA Reuters A COALITION of Indonesian Muslim groups yesterday threatened to launch a mass protest against the government unless it revoked the Pancasila state ideology, seen as a bulwark against religious fundamentalism. The chief of the Islamic Committee for Reform, Eddy Sudjana, gave the
      Reuters  -  186 words
    • Article
      Lock icon US embassy workers in KL told to stay at home
      253 6 KUALA LUMPUR Reuters [KUALA LUMPUR] US embassy diplomats and staff in Kuala Lumpur were instructed to stay home from work yesterday as a security precaution following bombings 4n Kenya and Tanzania that killed more than 250 people. The US State
      Reuters  -  253 words
    • Article
      Lock icon HK govt reviewing subsidised home-ownership scheme
      325 6 HONGKONG Move follows slump in the prices of private homes Reuters THE Hongkong government said yesterday it was reviewing its home-ownership scheme amid a collapse in property prices which has made private housing in the territory more affordable for middle-income households. "In the light
      Reuters  -  325 words
    • Article, Illustration
      Managing the fragile US, Japan, China triangle
      725 6  -  Japan as No 2 power holder has a difficult role, says Vogel By Yang Razali Kassim [SINGAPORE] What do Anwar Ibrahim, Zhao Ziyang and Japan have in common? They all have to restrain themselves as No 2, says Professor Ezra F Vogel, the
      725 words
    • Article
      Lock icon Arrested Indon bank execs to be tried soon: reports
      259 6 JAKARTA AFP FIVE arrested bankers from two Indonesian private banks closed down by the government last year will soon be brought to court for alleged violation of banking laws, press reports said yesterday. Dossiers on the five have already been presented
      AFP  -  259 words
    • Article, Illustration
      Lock icon NZ PM sacks Peters; finance minister named new Treasurer
      629 7  -  NZ$, stocks perk up on news; sale of govt stake in Wellington Airport goes ahead From David McLoughlin in Auckland SOME of the flames raging through New Zealand's chaotic political system were doused yesterday with the sacking of the country's rogue
      AFP  -  629 words
    • Article
      Lock icon Aussie govt launches campaign against racism
      288 7 CANBERRA Reuters AUSTRALIA'S conservative government, reacting to a jump in complaints of racist abuse, launched a "Living in Harmony" anti-racism campaign yesterday. The campaign, which follows a strong showing by an-ti-immigration politician Pauline Hanson in the recent Queensland state election, was announced amid speculation
      Reuters  -  288 words
    • Article, Illustration
      Credibility problem dogs tax proposals
      786 7  -  COMMENTARY Previous Australian governments have reneged on tax relief and crackdown promises BU Russell Baker AUSTRALIA'S Finance Minister John Fahey hit the nail on the head yesterday when he admitted that "the question of credibility will be the first stumbling block" in selling the federal
      786 words
    • Article
      Lock icon Yuan rules for Shenzhen foreign banks announced
      276 7 SHANGHAI AFP CHINA'S central bank branch in the southern city of Shenzhen announced yesterday rules to manage the opening of the local currency business to foreign financial institutions. The Shanghai Securities News reported that the Shenzhen People's Bank of China (PBOC) branch said
      AFP  -  276 words
    • Article, Illustration
      Lock icon Hyundai Motor closes plants indefinitely
      545 7 ULSAN, South Korea Move comes after failed attempt to restart operations AFP SOUTH Korea's largest car maker Hyundai Motor Co yesterday ordered its factories to close down indefinitely after a dispute with the union over layoffs crippled production for nearly one month. The shutdown was
      AFP; REUTERS  -  545 words
    • Article
      Lock icon S Korea frees 94 political prisoners, 2,000 convicts
      166 7 SEOUL AFP SOUTH Korea yesterday pardoned 94 political prisoners and more than 2,000 other convicts to mark the nation's 50th anniversary but Amnesty International slammed Seoul for making their release conditional. "The amnesty is aimed at achieving a grand national harmony to
      AFP  -  166 words
    • Article
      Lock icon Little cause for joy as India independence celebrations end
      476 7 NEW DELHI Country's political, economic woes not helped by nuclear blasts AFP AS the curtain falls today on celebrations to mark India's 50th year of independence, there seems little left to celebrate amid crippling political instability, the economic slowdown and heightened
      AFP  -  476 words
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      44 6 MEWD^N SINGAPORE HOTELS IN ASIA-PACIFIC: BAI.I BANGKOK ISI K OF PINKS W •JAKARTA KOI I SAMLI ME DAN '99 MELBOURNE NEW DEI.HI NOUMEA TAHITI 9H PHUKET PORT VILA BORA BORA 98 SAIPAN 99 SINGAPORE SINGAPORE CIIANGI TIIF. WI DEN TRIANGLE TOKYO TOKYO II 9H
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  • THE WORLD
    • Article
      Lock icon US wholesale prices up 0.2% in July after June's 0.1% fall
      363 8 WASHINGTON Producer Price Index exceeds forecasts but fails to excite Wall St Bloomberg Reuters US wholesale prices edged up in July, boosted by higher prices for electricity, cars and prescription drugs, the Labour Department said yesterday. The Producer Price
      Bloomberg; Reuters  -  363 words
    • Article
      Lock icon Mixed reaction to European banks' merger rumours
      456 8 LONDON Some analysts extol potential benefits, others dismiss talk Reuters EUROPE has so far failed to match the wave of banking consolidation which has swept the US this year, but fresh speculation that the biggest players are hatching merger plans reared its head
      Reuters  -  456 words
    • Article
      Lock icon UK quits 13b franc military satellite project: France
      269 8 PARIS Reuters BRITAIN has withdrawn from a programme to build military satellites jointly with France and Germany, the French defence ministry said late on Thursday. It said the British government had notified France and Germany on Wednesday that it would not participate
      Reuters  -  269 words
    • Article, Illustration
      Lock icon Yeltsin vows not to devalue rouble amid economic crisis
      675 8 NOVGOROD, Russia Reuters PRESIDENT Boris Yeltsin, blaming Russia's woes partly on global problems, vowed yesterday not to devalue the rouble and appealed to Parliament to hold a special mid-re-cess crisis session. Mr Yeltsin's Communist opponents said they were ready to agree
      Reuters; AFP  -  675 words
    • Article, Illustration
      Lock icon Raising the Titanic
      83 8 (NEWFOUNDLAND) Efforts to unravel thefamous mystery of the RMS Titanic continue, as part of the hull of the ill-fated ship was brought to the surface on Monday for thefirst time since 1912. Scientists who raised the large piece of the hull vowed to continue their study of
      REUTERS  -  83 words
    • Article
      Lock icon Swiss insurer to honour Holocaust claims
      395 8 NEW YORK Zurich's first European insurer to agree to open books Reuters A MAJOR Swiss insurer agreed on Thursday to honour the outstanding life and property insurance claims of Holocaust victims one day after Swiss banks agreed to settle a similar controversy for US$l.25
      Reuters  -  395 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      44 8 T Or make your dream a reality with a piece of realty. Whether you're in the market for a luxurious bungalow or an affordable apartment, you can find it easily in the Classified. Move on to the properties Section, Classifications 400 to 569. CAT&
      44 words
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  • COMPANIES & MARKETS
    • Article
      HDB mortgage-backed issue a boost for securitisation market
      488 9  -  Govt's lead will form benchmark and encourage entrants into new market By' Wong Wei Kong [SINGAPORE] If the Housing Development Board decides to securitise some of its housing loans to issue mortgagebacked securities, the move would be a breakthrough in the development
      488 words
    • Article
      Aztech to 'respond vigorously' to lawsuit
      321 9  -  Packard Bell files USslsm suit over 6SP dispute By, Annette Pau [SINGAPORE] Sesdaq-listed multimedia firm Aztech Systems yesterday said it will "respond vigorously" to a US$l5 million (5526.3 million) lawsuit filed against it by US personal computer company Packard Bell NEC. Aztech said yesterday
      321 words
    • Article
      F&N lowers full-year profit forecast
      304 9  -  By Ven Sreenivasan [SINGAPORE] Beverage giant Fraser Neave, whose first-half earnings fell almost 70 per cent, has revised downwards its forecast for the full year, citing a deterioration in its trading environment. The company said recent developments had prompted it to revise its earlier projection
      304 words
    • Article
      Creative cannot afford to become just one of the boys
      762 9  -  HOCK LOCK SIEW Jennifer Lien f f OUND Blaster H Live!, it's probably worth Ssloo at most," a PC-sawy, game-playing lawyer friend remarked last week. He had recently forked out that amount for a value-for-money sound card by Creative Technology
      762 words
    • Article
      DBS Bank shares bruised over Thai Danu losses
      435 9  -  Local tranche down 14.5%, foreign 16% for week; some see this as over-reaction Siow Li Sen [SINGAPORE] DBS Bank shares ended the week bruised and pummelled as investors focused on its Thai Danu losses and forgot about its POSBank buy. Investors continued
      435 words
    • Article
      Showpla parent files for court protection
      233 9  -  IV Ven Sreenivasan [SINGAPORE] The Japanbased parent company of mainboard-listed Showpla Asia Ltd has filed for court protection throwing into doubt the recoverability of $20 million in loans extended by the Singapore group to its parent. In its statement yesterday, Showpla Asia said that
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    • REGIONAL COMPANIES
      • Article
        Lock icon Tenaga mulling 90-day delay in payments to IPPs
        402 10 Deferment will free RM9llm in cash for company; other options being studied AFX-Asia [KUALA LUMPUR] Tenaga Nasional Bhd is considering the possibility of a threemonth delay in payments to independent power producers amid cash flow problems, the Malaysian Business Times reported. The
        AFX-Asia  -  402 words
      • Article
        Tat Lee Finance interim net drops 45% to $2.98m
        196 10 [SINGAPORE] In what seems to be a trend amongst local financial institutions, Tat Lee Finance yesterday reported that its net earnings fell 45 per cent to $2.98 million for the first six months to June 30. Turnover in the half-year edged
        196 words
      • Article
        Lock icon Orient Overseas sees turnaround in second half
        338 10 AFX-Asia [HONGKONG] Orient Overseas (International) Ltd chief financial officer Harry Wilkinson said the company would see a "significant" turnaround in the second half, after reporting a six months to June loss of US$l4.Bl million (5525.8 million), its first loss since 1993. He told
        AFX-Asia  -  338 words
      • Article
        Lock icon Sports Toto shares down on Berjaya cash call
        297 10 Bloomberg [KUALA LUMPUR] Shares of Malaysia's most profitable lottery company, Berjaya Sports Toto Bhd, fell as much as 7.6 per cent yesterday after its parent said it plans to raise up to 3.04 billion Malaysian ringgit (Ssl.3 billion) to repay debt. The
        Bloomberg  -  297 words
      • Article
        STIC-SembCorp deal fair: advisers
        338 10  -  Bankers Trust, ABN tell shareholders to vote for merger By< Conrad Raj [SINGAPORE] The proposed merger of Singapore Technologies Industrial Corporation (STIC) and Sembawang Corp looks "fair and reasonable", in the eyes of the advisers to the independent directors of the two companies. So they have
        338 words
      • Article
        Lock icon JG Summit interim net up 5.5% to 1.7b pesos
        161 10 AFP Bloomberg [MANILA] JG Summit Holdings said interim net profit rose 5.5 per cent to 1.72 billion pesos (Ss69 million). Revenue was up 31.2 per cent to 13.7 billion pesos. Analysts said the group's profit in the three months to June
        AFP; Bloomberg  -  161 words
      • Article, Illustration
        Lock icon 20th Century Fox sells Golden Harvest stake
        280 10 Sale to Village Roadshow at 60 HE cents per share SCMP [HONGKONG] Rupert Murdoch's 20th Century Fox has sold its 5.5 per cent Golden Harvest Entertainment (Holdings) stake at a profit after keeping the shares for a little more than two months, a
        SCMP; FILE PHOTO  -  280 words
      • Article
        OUB in revamp to zero in on domestic business
        237 10  -  Siow Li Sen [SINGAPORE] Overseas Union Bank (OUB) has embarked on a major reorganisation to focus more sharply on its domestic consumer, retail and commercial banking business, at a time when others are also beefing up their strengths in this highly
        237 words
      • Article
        Lock icon HSBC starting to feel the bite of recessions across Asia
        423 10 Bloomberg [HONGKONG] For 134 years, the fortunes of Hongkong Shanghai Banking Corp have been synonymous with those of Hongkong itself. A year after this city returned to China, they still are for the territory's stock market, at least. The bank
        Bloomberg  -  423 words
      • Article
        Lock icon A-rated HK bonds at junk prices calls for a buy, say fund managers
        538 10 Top-grade debt like Hutchison a bargain on economic worries Bloomberg [HONGKONGI In Hongkong, A-rated bonds like those of Hutchison Whampoa Ltd are now selling at junk-bond prices. That's an opportunity some fund managers say is too good
        Bloomberg  -  538 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Three survivors likely in shakeout of chip industry
        385 11 Others may focus on niche businesses as squeeze on profit margins get tighter Reuters [SEOUL] After years of sliding prices, the time is drawing closer for computer memory chip makers to consider seriously whether to remain in the industry. Three to four
        Reuters  -  385 words
      • Article
        Lock icon Apple going on US$100m ad blitz
        234 11 Reuters [SAN FRANCISCO] Apple Computer Inc said on Thursday it would launch its larg-est-ever advertising campaign for its sleek new iMac computer, spending more than US$lOO million (Ssl74 million) as it seeks to lure new users to the Macintosh. Apple's new consumer computer, the
        Reuters  -  234 words
      • Article
        Lock icon Boeing expects fresh round of job cuts in 2000
        512 11 Further cuts on top of the up to 28,000 planned by end-1999 Bloomberg [SEATTLE] Boeing Co said it expects to start a new round of job cuts in 2000 on top of as many as 28,000 planned by the end of
        Bloomberg  -  512 words
      • Article, Illustration
        Lock icon Sony's digital marvel
        78 11 [TOKYO] Fumiko Koiwa, an employee of Japan's consumer electronics maker Sony Corporation, shows off their new digital still camera "Digital Mavica MVC-FD7I "at the Sony office in Tokyo. The new camera uses a standard 3.5-inch floppy disc to store picture data, and features a faster microprocessor and
        AFP  -  78 words
      • Article
        Lock icon Hyundai posts loss of 1.2b won for H1, its first in 20 years
        301 11 Bloomberg [SEOUL] Hyundai Motor Co, South Korea's largest automaker. suffered its first loss in almost two decades this year as the country's worstever recession battered domestic demand. The company posted a net 1.21 billion won (Ssl.s billion)
        Bloomberg  -  301 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        559 11 Vessel Voy No Berth Arrival Departure Jurvng Pact Bandar Benga 3/98 J02 alongside 14.06/2300 Batuiicin 018 JM alongside 16.08/0700 Berkah lesta 01/98 J08 alongside 15.08/0930 8» Paj MO795 *****8 J01 alongside 15.08/0430 Clwn Yu No 7 T0TI98 J02 alongside 16 08/2300 Hms Premium *****P JO alonqside 18.08/1700 Nmganll
        559 words
      • Article
        CONTAINER SCHEDULES
        1618 11 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From Aci 275 17/1200 W 14/1500 M/1459 14/1900 18 14/1500 14/1659 14/1900 2A 14/1700 15/0*59 15/0900 21 14/1700 15/0459 15/0900 J 15/0700 15/1159 15/1400 4 15/1200 15/1459 15/1700 2 8229* 16/1800
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    • FINANCE&COMMODITIES
      • Article
        Lock icon When attacking HK$ peg brings in easy money
        611 12 The way the peg is structured affords opportunities for profit at little risk Reuters (SINGAPOREI There has been much talk of "speculative" attacks on the Hongkong dollar in the past year but there is more to these assaults than a single-minded attempt
        Reuters  -  611 words
      • Article
        Lock icon Deutsche Bank rises on takeover talk
        328 12 Rumour that it is eyeing JP Morgan lifts shares 4.4% Reuters Bloomberg [FRANKFURT] Shares of Deutsche Bank AG, Europe's second-largest bank, rose as much as 4.4 per cent in early trading yesterday amid speculation that it is planning a takeover of JP Morgan Co
        Reuters; Bloomberg  -  328 words
      • Article, Illustration
        Lock icon Greenback in a range?
        496 12 US$/mark: Trading activities for USS/ mark were choppy for the first four days of this week. The unit initially rose to a high of 1.7880 on Wednesday before it was sold down to a low of 1.7709 on the same day. Fears of a rouble devaluation
        Source: DBS Bank  -  496 words
      • Article
        Lock icon Liberty to buy SocGen's US mutual funds unit
        269 12 Bloomberg [BOSTON] Liberty Financial Cos agreed on Thursday to buy the US mutual funds unit of Societe Generate SA for about US$2l6 million (*****.4 million) in cash and stock in a move to increase the firm's international money-man-agement business. The acquisition brings
        Bloomberg  -  269 words
      • Article
        Lock icon Euroyen firm as fears of credit crunch ease
        221 12 SJMEX Report Reuters [SINGAPORE] Simex Euroyen futures extended their recent gains yesterday as worries about a possible credit crunch during the mid-year book closing period faded. Bank of Japan (BOJ) governor Masaru Hayami said on Thursday the central bank would provide ample
        Reuters  -  221 words
      • Article
        Futures higher on short-covering
        149 12  -  MSCI TAIWAN FUTURES Charlie Kuo Charlie Kuo, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract finished slightly higher as the firmer yen triggered shortcovering and speculative buying during late session. The August 98 contract rose 2.0 points to 275.1 points while the
        149 words
      • Article
        Lock icon Oil prices flat as Saudi effect wanes
        268 12 ENERGY REPORT Reuters [LONDON] Oil prices drifted around unchanged yesterday as dealers sought in vain for evidence that other producers would follow Saudi Arabia's lead and make big cuts in exports. Benchmark Brent crude on the London futures market was trading at Thursday's
        Reuters  -  268 words
      • Article
        Lock icon CURRENCY REPORT
        280 12 AFP Reuters London THE yen firmed yesterday against the US dollar after Japan's top financial diplomat Eisuke Sakakibara said he was looking for a chance to intervene and boost the yen, but the currency gave up its gains as no action emerged. The yen stood at 145.65 to
        AFP; Reuters  -  280 words
      • Article, Illustration
        Untitled
        1309 12 WTERBAWK CROSS RATES AugN C$ Rwb ECU Ffr Pro HK$ Ind Rs Pupnh Yen Won BM MZ$ Nfc Rs Peso S$ Rand Sfr HT$ Balrt Poawd US$ Australia 0.908 6.178 0.543 3.588 1.070 4 640 25.802 75.299 0.865 7.942 2.509 1.183 32.042 25.832 1.044 3.745 0 892 20 782 24*70
        1,309 words
    • Article
      COMMODITY PRICES
      1893 13 SICOM FUTURES Aug i t RUBBER (futures ctamq «sit 5.30pm) RSS1 CONTRACT(S ctntsA?) Close VoJuiW Open Month High Low Sett (tonnes) Interest Sep 98 1 1 112~00 <90 Oct 98 111.00 M50 Nov 98 112.00 W50 Dec 98 112.75 1«50 Jan/Mar 99 115.25 2025 Apr/Jun 99 119.50 2025
      1,893 words
    • Article
      WORLD STOCK MARKETS
      2316 13 LONDON Industrials Am 14 Ptnc« 31 Croup 532 000 12.000 AB Ports 321.000 1 400 Abbey National 1060.000 -35.000 Allied Dom«cq 553.000 8.000 Ame< 153.000 6.600 Asda Group 187.000 -0.200 BAT Ind 632.400 12.000 BC Pic 340.000 -30 400 BICC 109.200 -1.200 BOC Group 825.000 47.600 BR
      2,316 words
    • Article
      Lock icon TOKYO
      1622 13 Bloomberg Nikkei 225 -258.09 JAPANESE stocks fell, with the benchmark dropping for the ninth time in 10 sessions, after Wall Street's drop heightened concern about a weakening US economy and a threat to Japanese exporters' profits. Sony Corp and Toyota Motor Corp paced the decline. "The root cause of
      Bloomberg  -  1,622 words
    • Article, Illustration
      HONGKONG
      1477 14 Hang Seng +564^7 STOCKS soared to a sharply higher close yesterday as the territory's government stepped into the financial markets to foil speculators. The Hang Seng Index rallied 564.27 points, or 8.47 per cent, to end at 7,224.69. It was the ninth biggest points gain of the blue chip
      1,477 words
    • Article, Illustration
      Lock icon CHINA
      645 14 Reuters M Shenzhen B Index +2.71 CHINA'S hard currency B shares surged yesterday as Hongkong stocks soared and local investors snapped up issues considered oversold after a string of record lows, analysts and brokers said. "Today, B shares were pulled along by Hongkong stocks," said an Everbright Securities analyst
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  645 words
    • Article
      Lock icon TAIPEI
      343 14 AFP □VP Index -14g TAIWAN stocks slipped 0.2 per cent yesterday as investors took to the sidelines amid uncertainties over the direction of major overseas financial markets, dealers said. The Weighted Price Index dropped 14.51 points to 7,348.04, following a 0.2 per cent rise in the previous session. "Major
      AFP  -  343 words
    • Article, Illustration
      Lock icon JAKARTA
      742 14 Bloomberg Compositelndex +1L69 STOCKS rose as investors chased companies expected to emerge intact from the country's recession. "Stocks with decent fundamentals, Indofood, Sampoerna, you can buy them without much fear and you should make money if you're willing to wait for six months down the road." said Ardi Nubary.
      Bloomberg  -  742 words
    • Article, Illustration
      Lock icon BANGKOK
      787 14 AFP 1 SET Index +12.75 mmm THAI share prices rebounded 5.5 per cent yesterday amid relief and speculation over financial sector restructuring and gains in some regional markets, analysts said. The gains came as Thailand's central bank nationalised two small banks and five finance firms at the start of
      AFP  -  787 words
    • Article
      Lock icon MANILA
      296 14 AFP n Manila +34.63 PHILIPPINE share prices closed 2.7 per cent higher yesterday as investors bought stocks that have fallen to bargain levels, analysts said. The Philippine Stock Exchange Composite Index rose 34.63 points to close at 1,337.92. Volume rose to 238 million shares worth 821 million pesos. AFP
      AFP  -  296 words
    • Article
      Lock icon SEOUL
      410 14 AFP Composite Index +L6O SOUTH Korean share prices closed yesterday higher, snapping a five-day losing streak as sentiment improved over the rebound of the Japanese yen and gains by regional stock markets, dealers said. The Korea Stock Exchange Index closed up 1.60 points at 304.61. off a high of
      AFP  -  410 words
    • Article
      Lock icon SYDNEY
      591 14 AFP Q All Ordinaries +27.8 AUSTRALIAN share prices jumped 1.1 per cent yesterday after a strong day on the Hongkong bourse and expectations of an improvement on Wall Street. The All Ordinaries Index, rose 27.8 points to 2,569.0. The All Industrials Index rose 53.9 points to 4,548.8 while the
      AFP  -  591 words
    • Article
      Lock icon WELLINGTON
      266 14 AFP H Wellington +27.85 STOCKS rose yesterday after news of the sacking of Treasurer Winston Peters in a heated political row on the sale of the Wellington airport. The NZSE-40 Index was up 27.85 points to 1,941.57 on turnover of NZ5120.3 million. Fletcher Challenge Building rose 27 cents to
      AFP  -  266 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8738 15 MOUSTttAlS Consumer products 1998 LMt Vol Day Cap LH Cwpwv Silt 'OOP Hlffc u* 3»0 170 Ajinomoto 172 unch 1 172 172 9.5 69 7 148 35.5 Angkasa 37.5 1 6 38 5 37 0.9 55.3 290 123 Apollo Food Hlg 130 unch 6 130 130 4.5 52.0 388 122
        8,738 words
      • Article, Illustration
        Lock icon Short-covering helps reverse losses
        419 15 AFP Composite Index +1-25 SHARES reversed earlier losses to end higher yesterday on short-covering, after an earlier sell-down over another low sovereign debt rating, dealers said. The Composite Index rose 1.25 points to end at 327.98. The Second Board Index eased 0.72 point to 77.32. "The
        AFP  -  419 words
    • WARRANTS&OPTIONS
      • Article
        Untitled
        3389 16 BONOS. LOANS WARRANTS m 1998 Last Vol Day Last Quota Avg HI* Low Stno Company Saf *f COOOl HUh Lo» Buyf Sllaf Prtca 23.5 8 m 3000 m AMD8 cS.5%*****6 8.5 *0.5 5 8.5 8 8.5 9 20.5 3 3160 A Acor ******1 USS 4 'J 95 6 3)64 Acma
        3,389 words
      • Article
        Intria warrant: too big a risk
        210 16  -  WARRANT WATCH By] R Sivanithy A FINE example of shares that have fallen so much so as to be almost indistinguishable from its warrants is that of Malaysian construction firm Intria Bhd. It also serves as a reminder that in these difficult times, those
        210 words
    • Article
      CLOB INTERNATIONAL
      2425 16 Transaction date Au$; 14 MALAYSIAN STOCKS 0r Or 1998 Last Vol Day Last Ouoti D4v Mv YM Nat M Cap High Low Stno Company Sale COOP) High Low Buyer SeWor C'vr H P/Z SmW 135 28 m$ 5000 AIS8 50c 29.5 *0.5 67 29.5 29 29.5 30 5.0
      2,425 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6696 17 Cr Or M Wt 1998 Last Vol Day Last Ouota Dlv Dtv VM Nat Cap Avg High Low StNo Company Sato fOOO) Hlfll L— Bwyar Mhr Cw Wl >■> Ww INDUSTRIALS 43 11.5 o 1020 ACE Dynamic s20c... 12 -2 82 12.5 11.5 12
      6,696 words
    • Article
      SESDAQ
      1322 17 Qf Qf 1,1 Lilt Vol Day Last Ouott Div Dlv YM N«t r> B i vfl Low stNo Company Solo COOP) H*fh Low Bwytf Sollor H C'vr P/C $mN Prtco 134 50 2000 ABR Hldgs 5c 78.5 h05 2 78L5 36 78 I T~ 79 243 42 2049 AS
      1,322 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        213 18 Stocks Vote"* DBS Foreign 8.849,000 SingTel 15c 8,355,000 Keppel Land50c 5,848,000 EnersavelOc 5,263,000 SIA Foreign 5,114,000 UOB Foreign 5,000,000 DBS Land 4,792,000 OCBC Foreign 3,978,000 Keppel Corp 3,663,000 Hotel Prop Stocks DBS Foreign 70,502,154 SIA Foreign 34,314,647 UOB Foreign 23,864,552 SingTel 15c 21.762,355 OCBC Foreign 21,712.989 10,504,782 City Dev 50c
        213 words
      • Article, Illustration
        HOT STOCK
        70 18  -  by Shiv Taneja Marco Polo Developments closed five cents higher yesterday at $1 04 on a volume of 1 21 million shares, compared with its 10-day traded average of 199.900 shares The counter is still oversold, according to the daily and weekly RSI and Stochastics charts However, the
        70 words
      • Article, Illustration
        Selling pressure eases as yen recovers, HK rebounds
        686 18  -  STOCK MARKET COMMENTARY STII recovers 8.37 points, helped by SPH's rise; high volumes in non-index blue chips seen as foreign funds cutting S'pore weightings R Sivanithy [SINGAPORE] A recovery in the Japanese yen and a solid rebound in Hongkong yesterday helped ease
        686 words
      • ON THE GRAPEVINE
        • Article
          Talking of rates
          86 18 BORROWERS looking for a respite from the current higher interest rates may take heart. According to a recent comment by veteran banker Wee Cho Yaw, chairman of United Overseas Bank, interest and prime rates are unlikely to go up any more because the US is not about
          86 words
        • Article
          Concrete plans
          117 18 WITH the Commonwealth Games just around the corner, there's much last-minute sprucing up of the Malaysian capital. Roads are being re-surfaced, sidewalks repaved and road curbs repainted. But the stalled monorail system, which is partly owned by the Berjaya Group's chieftain Vincent Tan Chee Yioun, seems to have
          117 words
        • Article
          The sorry season
          66 18 THE current reporting season should really be called the sorry season as one company after another announced losses or hefty falls in profits. Peter Seah, president of Overseas Union Bank, best captured the mood on Thursday when he said glumly: "Nobody is having a good time." And
          66 words
        • Article
          Hospitals in good health
          73 18 BUT not all businesses are suffering. According to a recent speech by trade union chief Lim Boon Heng, hospitals are doing okay. "I was told that while business in private hospitals has gone down considerably, the restructured hospitals are still doing very well." While this may
          73 words
        • Article
          What's that again?
          43 18 HERE'S a gem for all you acronym lovers out there. WPP. the world's second largest advertising group, has just entered into an agreement to buy a Swedish company, which is the holding company of the Sexton group. Its name? C.R.0.5.5.A.8.
          43 words
        • Article
          DIY borrowing
          78 18 SOUTHERN Steel, a Malaysia listed associate of the Singapore listed Natsteel, is again said to be tapping the market for funds. It is said to be looking to borrow 100 million Malaysian ringgit (5541.5 million) in the debt market, but will go about it in an unusual way.
          78 words
        • Article
          This pub needs a drink
          74 18 BLAME it on the economy, but a sombre mood has descended on the once-thriving bars of Bangsar in Kuala Lumpur. One fun-seeker who ventured out there last week said that the crowd was half the size it was in February. "The vibes are down, it's
          74 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      195 9 Mi syg™q»'p» [>\ V\ V"-- ffffA 15 i>cw v/rcns JJWlllj^H i*sW?ll-fitniish^n>}^wnfOT^^^WPß te c^ec^out ti 2 pm su^cct to Double occupancy additional SSIO only 0 Changi Hotel rfr' 5* v i">r l^C Cart C 3St aSt :<«<* 'v» l »<***• Easy acccss to the Central Business District rtf-a«»» i* and Orchard
      195 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      70 10 JUNK". antique 14"' rJr/TREASURES? Q To you, they could just be old, ugly and I' O 1 worthless, but an antiques collector could I m V) I take great delight in them. (And be willing \j' IJ to pay a handsome sum!) \j So before you send them to the
      70 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      64 14 /The card we're\ I computer you this was a making for Susan I advertised in /^T7n\. 800<1 deal V Yup, we got what is going to be J V The Straits Times A S /we wanted because nice!^^ 1 0k d m c th°e ,ce Buying or selling through The
      64 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      35 17 A buyer\ Xnove thisJ\ VP the very I I that I found 'W next day. through I Vroom, Al Buying or selling through what a J j The Straits Times Classified is child's Play. 1800-737-1166.
      35 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      955 18 BUSINESS Not/CCS To advertise call toll-free 1800-741 1883 (Incorporated in the Republic of Singapore) SETTLEMENT OF CLAIM BY KRESTA DEVELOPMENTS LIMITED On 17 July 1998, Pacific Century Regional Developments Limited ("PCRD" or the "Company") announced that Kresta Developments Limited ("Kresta") had instituted legal proceedings in the Beijing courts alleging Beijing
      955 words
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      Page 18 Advertisements Column 2
      340 18 In The Matter Of The Companies Act Cap. SO And In The Matter CM H O. ASIA PTE LTD NOTICE OF CREDITORS' MEETING PURSUANT TO SECTION 29* Of THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that pursuant 10 Section 296 erf the Companies Act, Cap. SO, a meeting
      340 words
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      Page 18 Advertisements Column 3
      352 18 Buy It. Sell It. Find It. Classified Call Today For Results Tomorrow. IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF SANTHAI INDUSTRIES (St PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extra-ordinary General Meeting of the Members of the abovenamed Company, duly
      352 words
    • Advertisement
      Page 18 Advertisements Column 4
      84 18 ■JPr A J a v 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, ISO certification, ground-breaking ceremony or a
      84 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Staying alive: S'pore's movie business
      2414 19  -  COVER STORY Behind the glamour is a web of financial arrangements that investors and filmmakers can get trapped in. jaime ee finds that the industry's story is one of high risks, tight budgets and thin margins. But with the recent successes of Money No Enough
      FILE PHOTO  -  2,414 words
    • STRAWS In The Wind
      • Article
        Strictly top-down approach
        57 19 HERE'S one reason why the secretary may go the way of the dinosaur. A bank manager asked his assistant to make appointments with 10 people he had listed. For days, nothing was done. When asked why, she said she couldn't get an appointment with the first person
        57 words
      • Article
        This way home, sir
        50 19 SEEN in the newspaper: A massage parlour advertisement charging mem- bers $25 and non-members $28, and giving customers a "Free Singapore Street Directory". Perhaps the massage by their "beautiful and skillful" masseuses would be so intoxicating, customers would need the directory to find their way home?
        50 words
      • Article
        Fishy info
        53 19 IF you think sales assistants in department stores are clueless about what they sell, just imagine how much local fishmongers know about their seafood. At a neighbourhood market one day, a housewife asked where the salmon came from. Expecting to hear Australia, New Zealand or even Norway, the
        53 words
      • Article
        Coffee Club needs U
        59 19 THERE'S more than just capuccinos and lattes to be had at the Coffee Club, if an invitation from them is anything to go by. The letter said: "The Coffee Club has launched a brand new men for lunch and dinner". Men? It certainly gives a new
        59 words
    • VIEWPOINT
      • Article
        A good time to take (reduced) stock of our lives
        720 20  -  Off the CUff ty Take advantage of oar newfound poverty to ask ourselves if accumulating possessions has ever made as happy. The US is discovering that it doesn't by Jaime Ee LIFE is full of littl? ironies. I was reading
        720 words
      • Article, Illustration
        Xerox original
        1221 20  -  No copies, please. Xerox's top scientist John Seely Brown spurns me-tooism in business; seeing differently is key to succeeding in today's markets, he says. He tells kemmetb james why KENNETH JAMES TO the techno-savvy, Pare is a name to conjure with. That's Pare as in Xerox Palo Alto
        1,221 words
      • Article
        The power to be invisible
        597 20 Technology should quietly aid our work, instead of calling attention to itself JOHN Seely Brown's keynote talk at a recent seminar in Singapore is a revelation, and not just because of its thought-provoking subject matter. Here's a man who oversees some of the world's most
        597 words
    • MOTORING
      • Article, Illustration
        Lock icon Purr-fect pick-up
        859 21  -  The Jaguar XKR bowls Christopher tah over with its ability to spring gracefully from standstill to lOOkmh in less than 6 seconds, and with a minimum amount of fuss CHRISTOPHER TAN THE sub-six zero-to-hundred production car belongs to a truely exclusive club. Excluding the stable from Ferrari, you
        KILE PHOTO  -  859 words
    • LEISURE
      • Article, Illustration
        A recreational club with a difference
        797 21  -  RECREATION No kids or golf at Ban Hiii Leong's new dab, just purified air, rain massages and weightless bliss By Tan Su Yen THE Green Club is not a spa, Richard Lim, the club's major shareholder and chairman of property development firm, Ban Hin
        797 words
      • Article, Illustration
        Little hope in a movie full of self-pity
        661 22  -  CINEMA Hope Floats features a lot of talk, to little purpose, over a woman whose husband has cheated on her By Susan Tsang HOPE Floats is too optimistic a title for a film that basically follows one woman through a long wallow
        661 words
      • Article, Illustration
        Subtly beautiful and restrained
        738 22  -  CINEMA Robert Bedford's thoughtful interpretation of The Horse Whisperer has steered clear of the sentimentality the book sometimes indulges in Redford goes about his business with a measured grace which avoids any aw-shuchs mawkishness. By\ Susan Tsang With The Horse Whisperer. Robert Redford does what Clint
        738 words
      • Article
        Pick a movie, any movie...well not quite
        654 23  -  CINEMA How people settle on a choice through persuasion, capitulation, compromise or just by taking turns By\ Roxanne Roberts r THERE are a dozen well, at least a couple of summer movies you've been dying to see. So you ask your spouse or
        654 words
      • Article, Illustration
        WHAT'S ON
        402 23  -  Compiled by M Yasotha CONCERT Breaktime The T'ang Quartet Known for their passionate playing and flamboyant image, the quartet are back to perform Beethoven's String Quartet Op 18 No 6. Shostakovich's String Quartet No 7 Op 70S and Debussy's String Quartet. Aug 19, 8pm at Victoria Concert Hall.
        402 words
    • EPICURE
      • Article, Illustration
        Lock icon Key Largo: here's looking at you
        940 24  -  hatttta elias salutes the new owner and improved cuisine at the Clarke Quay restaurant RAHITA ELIAS ITS difficult to find fault with the Key Largo Oyster Bar Seafood Restaurant at Clarke Quay. The food is excellent, the wines fit well with the cuisine while
        PHOTOS BY SIEW YAW HOONG  -  940 words
      • Article, Illustration
        Lock icon Tasty food ruined by testy waitress
        653 24  -  REVIEW La Forketta's great pizzas are, sadly, not worth braving the dreadfnl service for By. Audrey Tan SOME restaurants just do not seem to get it that customers are not masochists. Sane, ordinary people do not pay to be ignored, frustrated and terrorised. however
        SIEW YAW HOONG.  -  653 words
      • Article, Illustration
        'Man can cook!' — or so a specimen tells himself
        681 24  - 'Man can cook!' or so a specimen tells himself HOBBIES Just give him a guide to cooking terms, some hard data, and a whole lot of help Hy. Andrew Wee IN THE same way that computer programmers have created words like terabyte, multithreading, and four-way associative cache to intimidate the
        681 words
      • Article, Illustration
        Mellow loaves
        110 24 CRAVINGS AUGUST may just be hot and wet here in Singapore but in the Northern Hemisphere, summer is ending and autumn with its mellow fruitfulness just about to begin. The European chefs at Mandarin Singapore were no doubt thinking of home when they created the hotel's bread of
        110 words
      • Article
        Champion breakfast
        261 24 SWISS-chef Andre Jaeger, visiting at Westin Stamford and Westin Plaza during the World Gourmet Summit is best known for pioneering East-West cuisine with a dose of Swiss precision back in the Seventies. Less well-known is the fact that Jaeger's restaurant. Die Fischerzunft in Schaffhausen, was voted the restaurant
        261 words
      • Article, Illustration
        Cuban cachet
        90 24 COCKTAILS have their trends too, apparently, originating from Europe or North America. Last year's favourite, according to the folks at No 5 Emerald Hill was a vodka cocktail called Cosmopolitan that was created in London. Now that Havana cigars are in, the Cuban cocktail has arrived. The drink
        90 words
      • Article
        Curry jam
        94 24 FISH head curry lovers making their way to Race Course Road restaurants be warned. The construction of the North East line has resulted in the closure of Northumberland Road which runs parallel to Race Course Road. This means that there is no access to the banana leaf restaurants
        94 words
    • Article, Illustration
      CINEMA
      672 25 Amanda and the Alien. Wacky sci-fi caper. Clementi. Armageddon.An oil driller (Bruce Willis) is mankind's J>est hope against an asteroid on collision course with earth. Also starring Billy Bob Thornton. Liv Tyler and Steve Buscemi. Lido, Changi, Republic, Jurong, Woodlands, Choa Chu Kang. Chinatown, Century, Hougang, Orchard, Cathay, Eastshore,
      672 words
    • Article
      ENQUIRIES AND BOOKINGS
      124 25 Cathay Org Cathay 338-3400 Eastshore 346-1816 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 Golden Village Bedok 443-2405 Bishan 353-8885 Boon Lay 792-2788 Broadway 454-9394 Majestic 533-9032 Marina 337-9488 Pavilion 786-5788 Tampines 8 786-5788 Tiong Bahru 274-6588
      124 words
    • TRAVEL
      • Article, Illustration
        Danang awash in the sands of time
        1286 26  -  Visitors link the place with the Vietnam War, but hark gsuuum finds the locals enjoying sunrise on China Beach, optimistic about the future MARK GRAHAM LONG before sun-up, the beach buzzes with all manner of sporting activity. Grannies bury themselves up to the
        1,286 words
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      Page 19 Advertisements Column 1
      3 19 X things differently
      3 words
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      Page 19 Advertisements Column 2
      99 19 Travel Peace and quiet in Danang EL 8 W ti Atom B HL It* m Jf jJBb BMb j■ J■ KM <«■'- 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
      99 words
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      Page 21 Advertisements Column 1
      101 21 J here's a new place in town. Somewhere you can savour Italian pasta, French «g[ A.** «ar td M A,. M M M M dfrW mril l' 11/11 II 1 FVFRYCIMF wines and gourmet cotlee under one rool. Well, actually no root. B a ami^ st un N uc Mediterranean
      101 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      46 22 I Such a market -for choice jobs, 1 Il— J Any job. any Career. Available any Day. Any Time. Anywhere. The Straits Times The Sunday times rikimccc t. LIANHE ZAOBAO LIANHE WANDAO SHIN MIN DAI!Y T# E l>aily news Berita Harian derita minggu Singapore Press Holdings
      46 words
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      Page 22 Advertisements Column 2
      37 22 BUY,* SELL*; FIND*; Classified ads put home-seekers on solid ground. No matter what it is, you can always buy it, sell it or find it with the Classified. TOIL MtjJ 1800-737-1166 [cAT&I Call Today For Results Tomorrow.
      37 words
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      Page 23 Advertisements Column 1
      400 23 Where to wine* dine <md 6ntert/)in Offers FREE SOS" Global lfesSii r w v ca u tUIU CIIICI Utl Referrals Whilstovmpas 2904^(5 *w —mi u Tunch" is the best for lunch and high tea rolled mto one. Which means longer serving hours and even more scrumptious spreads. Saturday, Sunday Public
      400 words
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      Page 23 Advertisements Column 2
      110 23 i ffj W, l I i TRIftE3 Delight in a meal for four j and enjoy j 25% savings j ion your next meal for two j a j Call 831-6271/88 for your reservations. a ifi-. Mandarin |J| Siqgapanr 333 Orchard Road, Singapore *****7 Tel: 737 4411 Sunday Brunch 12pm
      110 words
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  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      2096 25 TODAY'S TV Proinifirfl 12 I Prime 12 HECOMmarDED yiEWPIO ,eTV. IF M 8.00 AM TV Innovations. 12.00 NN TV Innovations. 2.00 PM Tom Thunder. A In VP hplH creature that terrorises a LOO pM 1998 Summer x 2.30 Saity's Lighthouse. 1 1 1U Y v 11V/IU young girl have one
      2,096 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      266 25 RADIO Shadow Boxing On The Path Parents from around the To Nirvana, BBC, Saturday, world talk about how they're 1.30pm bringing up their children Stewart McFarlane, who and their dreams for their practises t'ai chi and kung fu, future. In the first of a and lectures in religious six-part series
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