The Business Times, 5 September 1998

Microfilm: NL21222
Total Pages: 26
1 26 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA(P) ll(V12/97 85c SINGAPORE Internet: http://business-times.asial.com.sg/ WEEKEND EDITION, SEPTEMBER 5-6,1998
    13 words
  • Article
    MARKET SUMMARY
    58 1 □in ***** (-7.66) IT-SKI ***** (-1.16) BTCOMP (4.52) grOdMAUETDIDjCEB Friday Change KLSE COUP M.44 +60.37 NIKKEI 14,***** -2I8J3 HANOSENQ 7,488.47 +169.88 SET INDEX 207 J1 -0.09 JAKAJtTA COUP -J2U6 -«U MANILA COM P —UM-S8 -UJ7 TAIPEI WPI .6.46S. 1§—+211.77 SEOUL COMP tUM J)M CLSA CHINA B mi__+l7I4 AU8TALL0RD
    58 words
  • Article
    FINANCE
    75 1 FOKEX BATES USS St U8I l.7|| £(USt/S8 peri) 1.609 1.926 DM L740 1.087 YEN .1JM RM 1800 0.441 HKI 7.760 0.226 BAHT 41.00 0.04] MJPIAH 10,760 0.018* St to 100 unttt PUKE BATES SINGAPORE* 7.88 KUALA LUMPUR 11.50 JAKARTA J8.00 BANGKOK I 14.75 MANILA .22.90 HONGKONG 1026 TAIPEI 8.80
    75 words
  • Article, Illustration
    Clob to stop trading Malaysian shares
    652 1  -  Arrangements being made for transfer to M'sian Central Depository, says SES By' Ven Sreenivasan [SINGAPORE] Trading of Malaysian shares on Clob International, Singapore's over-the-counter market, is to be discontinued and arrangements will be made to transfer the shares owned by investors to the Malaysian
    652 words
  • Article
    M'sia taken out of key Morgan Stanley securities indices
    363 1  -  By < Conrad Raj [SINGAPORE] Malaysia has been removed from one of the most widely-followed securities indices following restrictions imposed by the country earlier this week on the foreign exchange and securities markets. Capital International Perspective SA (CIP), which manages the
    363 words
  • Article, Illustration
    Lock icon NWC to consider new wage guidelines, need for CPF cut
    564 1  -  Council will reconvene as soon as possible: Boon Tang By. Audrey Tan [SINGAPORE] The government will reconvene the National Wages Council (NWC) as soon as possible, to discuss new wage guidelines and any need for a Central Provident Fund (CPF)
    Source: Min of Law; Source: MNO  -  564 words
  • Article
    Lock icon KLSE surges 16% as locals bid up big caps
    139 1 Bloomberg [KUALA LUMPUR] Malaysia's key stock index soared 16 per cent, its biggest oneday percentage gain In seven months, as local funds and retail investors bid up large stocks that looked cheap and falling Interest rates made fixed-rate Investments less attractive.
    Bloomberg  -  139 words
  • Article, Illustration
    Lock icon Anwar not ruling out switching to opposition party PAS
    1063 1  -  He plans to mount nationwide tour to posh for reform From Eddie Toh in Kuala Lumpur ANWAR Ibrahim, who has been sacked from the government and expelled from Malaysia's dominant political party, the United Malays National Organisation (Umno), yesterday did not
    REUTERS  -  1,063 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      161 1 apß IriotagJitfctrwble? Acting Russian Prime Minister Viktor Chernomyrdin seems to have hinted he is moving towards a currency board for the rouble. But analysts see the move as highly unlikely, Pf 8 Heck luck Stow Has the market gone mad? No, says Louis Beckerling. the prices are just a reflection
      161 words
    • Advertisement
      Page 1 Advertisements Column 2
      6 1 More reports on Parliament, Pg 6
      6 words
    • Advertisement
      Page 1 Advertisements Column 3
      151 1 Automatic Chronometer in 316 L steel, by Mauboussin. SS 5,380. c Hp MAUiOUiiIN since 182/ EXCLUSIVELY AVAILABLE AT: MAUBOUSSIN BOUTIQUE #01-19 A NGEE ANN CITY39IB ORCHARD ROAD SINGAPORE *****4. TEL (65) 735 1272 ROY EASTERN WATCH #01-86/88 #01-74 LUCKY PLAZA 304 ORCHARD ROAD SINGAPORE *****3. TEL (65) 734 3139 Be
      151 words
    • Advertisement
      Page 1 Advertisements Column 4
      9 1 Bank Neprt clarifies rules on stock buys, Pg 3
      9 words
Page thumbnail Page 2
  • ANWAR'S SACKING
    • Article, Illustration
      Lock icon M'sian NGOs accuse Dr M of disregard for people
      458 2 Fears draconian laws will be used to ensure political survival of PM AFP [KUALA LUMPUR] Prime Minister Mahathir Mohamad's dismissal of his deputy Anwar Ibrahim shows "utter contempt and disregard" for the Malaysian people, nongovernment organisations said yesterday. The group of
      AFP; REUTERS  -  458 words
    • Article
      Lock icon More groups back Dr M's action
      352 2 They say PM has the prerogative as head of the govt Bernama [KUALA LUMPUR) More organisations, associations and voluntary bodies yesterday expressed support for Malaysian Prime Minister Mahathir Mohamad's action in removing Anwar Ibrahim from the cabinet. Generally, they stated that Dr Mahathir had
      Bernama  -  352 words
    • Article
      Lock icon Muslim body stands up for Anwar
      340 2 Abim denounces his dismissal, calling it a national disaster AFX-Asia [KUALA LUMPUR] The Muslim Youth Movement of Malaysia (Abim) denounced the dismissal of Deputy Prime Minister and Finance Minister Anwar Ibrahim, urging members to remain calm as the country faces an inevitable political crisis.
      AFX-Asia  -  340 words
    • Article
      Lock icon Bomb threat in building near Petronas Tower Two
      139 2 Reuters [KUALA LUMPUR] Authorities evacuated workers from a 51-storey office building in the centre of the Malaysian capital yesterday after receiving a bomb threat, security officials said. The security chief at the headquarters of the Maxis mobile telephone company said that the
      Reuters  -  139 words
    • Article
      Lock icon Supporters take their battle to cyberspace
      191 2 AFP [KUALA LUMPUR] Supporters of Malaysia's ousted deputy prime minister Anwar Ibrahim raised the propaganda stakes in their battle with the government yesterday by launching a Web site to defend him. The site, described as "the original, unauthorised, unofficial site for Anwar Ibrahim's fans"
      AFP  -  191 words
    • Article, Illustration
      Lock icon Dr M courting risks for quick fix: newspapers
      524 2 AFP [HONGKONG] Malaysian Prime Minister Mahathir Mohamad is steering a dangerous, authoritarian course in the search for a quick fix to his country's economic woes, Asian newspapers warned yesterday. Amid the political turmoil rocking Malaysia, regional papers viewed Dr Mahathir's sacking of
      AFP; REUTERS  -  524 words
    • Article
      Lock icon Anwar says Habibie, other leaders called after his dismissal
      161 2 Reuters [KUALA LUMPUR] Malaysia's former finance minister Anwar Ibrahim said yesterday that Indonesian President B J Habibie and other regional leaders had called to convey their feelings after he was dismissed from Malaysia's cabinet. Mr Anwar told reporters at his private
      Reuters  -  161 words
  • Page 2 Advertisements
Page thumbnail Page 3
  • MALAYSIA'S EXCHANGE CONTROLS
    • Article
      Bank Negara clarifies new rules on stock purchases
      1352 3  -  Foreign investors who bought shares before Sept 1 are locked into buys or proceeds for 1 year From Meera Tharmaratnam in Kuala Lumpur MALAYSIA yesterday clarified that all foreign investors who had bought stock prior to the imposition of capital controls on
      1,352 words
    • Article
      Lock icon Dr M-linked stocks surge after Anwar's sacking
      402 3 Bloomberg [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad may bristle at the term "crony capitalism", but investors are betting his corporate supporters will be first in line to benefit under the new financial regime he implemented this week. Shares of companies controlled by
      Bloomberg  -  402 words
    • Article, Illustration
      Lock icon Banks give RM depositors choices
      470 3  -  They can convert accounts to US$ or transfer to KL banks By Clarissa Tan [SINGAPORE] Depositors can choose to transfer their ringgit-denominated accounts to banks in Malaysia, if they do not wish to convert them to US dollars, most banks told BT yesterday. Some, like
      CHRIS LOH  -  470 words
    • Article
      Lock icon Minister urges M'sians to sue S'pore banks
      295 3 Insufficient ringgit not customers' bnt banks' problem: UmKengYaik Bernama [JOHOR BARUJ Malaysians with fixed deposits in foreign banks, especially in Singapore, have been asked to engage lawyers to sue the banks for freezing their accounts or manipulating the ringgit's exchange rate. Primary Industries
      Bernama  -  295 words
    • Article
      Lock icon Curbs will hurt KL banks, says S&P
      362 3 AFP [KUALA LUMPUR] Malaysian banks will take a big hit from the imposition of foreign exchange and capital controls, which increases their reliance on the government to recapitalise, Standard and Poor's said yesterday. The New York-based credit assessor warned that the restrictions clamped
      AFP  -  362 words
    • Article
      Lock icon Anti-Clob move is the most important capital control: Daim
      319 3 Bloomberg AFP [KUALA LUMPUR] Malaysia said a step to bring back stock trading to its shores was the most important among the capital controls it introduced to stem the slide in its currency and shares. On Aug 31, the Kuala Lumpur
      Bloomberg; AFP  -  319 words
    • Article
      Lock icon Managers of M'sia funds halt dealings
      313 3 Freeze to continue until position becomes clear FT [LONDON] Managers of funds specialising in Malaysia and South-east Asia are being forced to suspend dealings after the imposition by the Malaysian government of capital controls. HSBC Asset Management said on Thursday it has suspended dealing
      FT  -  313 words
Page thumbnail Page 4
  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL`SEYE
      • Article, Illustration
        BT Sentiment Index
        578 4 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, Deutsche Morgan Grenfell, Fraser, GK Goh, ING Baring, Kay Hian, Kim Eng, Merrill Lynch, Phillip DBS Bank ♦(Downgrade to neutral) Salomon Smith Barney, Sept 4, $5.50 (foreign tranche) We have lowered
        578 words
      • Article, Illustration
        In my opinion
        458 4  -  Tan Chin Kong Associate director UOB Asset Management HE road to successI ful investing begins JL with a good understanding of one's risk tolerance. Yet most investors have very vague ideas of what their risk tolerance is. There is the infamous relationship stated as: "When the risk
        458 words
    • Article, Illustration
      Lock icon When global bonds become compelling
      542 4  -  If western stockmarkets see a major correction, an accommodating interest rate stance spells a benign environment for bonds, says Rothschild Reports by\ Shiv Taneja [SINGAPORE] Returns from global bonds over the past year have been quite outstanding, and with the risk premium on equities on
      CHRIS LOH  -  542 words
    • Article, Illustration
      Lock icon Taking a closer look at bonds
      520 4 [SINGAPORE] Such is the volatility in international equity markets, the only safe place for your investments now appears to be cash and possibly bonds. Call it coincidence, or just clever timing, but in the next few months, local investors are going to have a
      FILE PHOTO  -  520 words
    • Article
      Safely in bonds as recession hits
      654 4  -  And currency gains make US, European bonds attractive By* Chew Soon Gek The writer is a manager with the Investment Department at DBS Asset Management. [SINGAPORE] Until the recent financial crisis filled our newspapers' headlines and Internet forums, bonds were a most uncommon investment
      654 words
    • Article, Illustration
      Lock icon SPH provides haven as market tumbles
      1012 4  -  Wmiw "■toKl By\ Louis Beckerling [SINGAPORE] In a week that saw the benchmark market index tumble almost 10 per cent to a 12-year low, it paid to hold a big blue chip with secure cashflows and little or no exposure to events across the
      Source: Dataquest  -  1,012 words
    • Article, Illustration
      Lock icon Templeton thrives on taking the lead
      1187 5  -  With some industry innovations to its name, the fund believes that good timing as well as being the first to do things contribute to its succfess H,,\ Shiv Taneja [SINGAPORE] US fund giant Templeton has a slew of firsts to its name in the
      FILE PHOTO  -  1,187 words
    • Article, Illustration
      Early birds train staff to offer financial advice
      766 5  -  Companies preparing for regulations on financial planning By\ Shiv Taneja [SINGAPOREJ Regulations for financial planning in Singapore are still some months away, but several firms are already gearing themselves up to offer investors financial planning advice and investment products. Their efforts are
      766 words
    • Article
      Lock icon Russia's troubles hit Merrill fund
      742 5 At mid-year, fond had more than 20% of its USs7l.sm assets in Russian bonds Bloomberg [WASHINGTON] Too bad the Merrill Lynch Americas Income Fund didn't stay in the Americas this year. The fund, set up to buy debt securities denominated in Western Hemisphere currencies, has
      Bloomberg  -  742 words
    • Article, Illustration
      Lock icon Fund profile
      313 5 Compiled by BT Investment objective To achieve long-term capital growth by investing in quoted property shares and securities in the world's stockmarkets. Investment style The investment approach is primarily bottom up. with a heavy reliance on first-hand research. Market outlook The macroeconomic conditions in the OECD countries have
      Compiled by BT; Source:  -  313 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      54 5 'Bull runJ ock22i pasjrßis ill Chua Lee Hoong of Pasir Ris is riding high. His unit trust portfolio has appreciated b. 21 'to over $30 1 Lee H °ong and the other players in The Game. Standard Charterers investment rompptit QDHSASSE7 MAN/C.FMbN! Henderson Nu imi \s Xri'iK.Mi IVmplcton 4j||-uob asset
      54 words
    • Advertisement
      Page 5 Advertisements Column 2
      20 5 Sound Us Out First. ATLAS HI-FI PTE LTD "01-116/12-4 Suntec City Mall (Towet Tivo) Tel 339 0966 F.ix 336 4678
      20 words
Page thumbnail Page 6
  • SINGAPORE AT HOME & ABROAD
    • Article
      GIC won't see losses from ringgit holdings: Dr Hu
      303 6  -  YESTERDAY IN PARLIAMENT It's seeking clarification on onshore, offshore ringgit deposits W Wong Wei Kong SINGAPORE will not suffer losses from its ringgit holdings, held by the Government of Singapore Investment Corporation (GIC), as a result of Malaysia's imposition of foreign
      303 words
    • Article
      Domestic NPLs of 6 local banks at $5.4b
      317 6  -  Amount is 3.9% of total loans in Jnne, op from Dec's 2J3% By, Audrey Tan DOMESTIC non-performing loans (NPLs) of the six local banks stood at $5.4 billion at the end of June, up from $3.1 billion in December last year. Of
      317 words
    • Article
      Go-ahead for share buybacks coming soon
      684 6  -  By' Wong Wei Kong SHARE buybacks may become a reality soon for Singapore companies. The proposal to allow share buybacks was tabled yesterday in Parliament as part of a bill to amend the Companies Act. It will be implemented when Parliament passes the bill,
      684 words
    • Article, Illustration
      Maxtor to hire 300 staff to cope with rising product demand
      561 6  -  By, Jennifer Lien DISK drive maker Maxtor Corp, which makes all its disk drives in Singapore, is hiring 300 staff to cope with increased demand for its products, its chief executive Michael Cannon said yesterday. In an interview with
      561 words
    • Article
      Listing rules under review after Mid-Con
      547 6  -  BG Lee: Case showed weaknesses that need to be put right Wong Wei Kong THE suspension of Mid-Con-tinent shares and the subsequent investigation into possible share manipulation revealed weaknesses in the listing rules and procedures used by the Stock Exchange of Singapore, Deputy Prime
      547 words
    • Article
      Private residential property sales down 43% last year
      295 6  -  Secondary market accounts for 51% of the total 11,217 By. Diana Oon THE number of private residential property transactions fell 43 per cent to 11,217 last year, from some 19,700 in 1996, figures released for the first time yesterday show. The figures
      295 words
    • Article
      A free ticket to ride – for owners of private cars
      279 6 A free ticket to ride for owners of private cars IN a move to promote public transport, some 370,000 private car owners will each be given a coupon for a free ride on a bus or MRT on any Sunday this month. Minister of State for Communications John Chen announced
      279 words
    • IN Brief
      • Article
        Brunei events have limited impact on S$
        133 6 DEVELOPMENTS in Brunei have had only a "minimal and transitory impact" on the Singapore dollar, Deputy Prime Minister Lee Hsien Loong said yesterday. He was replying to a question on whether the Brunei dollar-Singapore dollar peg poses any risk to the Singapore currency
        133 words
      • Article
        Borrowing S$ for overseas projects
        133 6 SINGAPORE-based firms not jointly or majority-owned by Singapore citizens must "consult" the MAS if they want to borrow Singapore dollars for use overseas, Deputy Prime Minister Lee Hsien Loong said. The financing allowed for such non-resident projects will be more generous when the firms are
        133 words
      • Article
        Finance firms make own merger choices
        75 6 THE MAS has encouraged smaller independent finance companies to merge but will leave the commercial decision to the firms themselves, Deputy Prime Minister Lee Hsien Loong said. Of the 18 finance companies in operation, he said, five have capital funds of less than $50
        75 words
      • Article
        S*pore tourists spent $9b overseas in `97
        64 6 SINGAPOREAN tourists spent an estimated $9.1 billion abroad last year, up from $8.2 billion in 1996 and $7.2 billion in 1995. Figures released by Trade and Industry Minister Lee Yock Suan show Malaysia was the top beneficiary, drawing $2.98 billion in Singaporean tourist
        64 words
      • Article
        Indon humanitarian aid to continue
        94 6 SINGAPORE will continue with its humanitarian aid to Indonesia despite President B J Habibie's recent unfavourable comments on Singapore recently, Foreign Affairs Minister S Jayakumar said. Officials are working out details of the second delivery of aid. Prof Jayakumar said Dr Habibie has told Education
        94 words
      • Article
        Immigration, survey bills passed
        71 6 PARLIAMENT passed the Immigration (Amendment) Bill and the Boundaries and Survey Maps (Amendment) Bill yesterday. The first will increase the penalties for illegal immigrants, their smugglers and employers. The biy provides for the introduction of an identification card for foreign workers. The second bill will facilitate
        71 words
  • Page 6 Advertisements
Page thumbnail Page 7
  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon HK mulls market changes to fight speculators
      294 7 AFP THE Hongkong government is considering legal changes that would significantly increase its power over the stock and futures exchanges, it was reported yesterday. The initial changes would give the government greater flexibility in tackling speculators by implementing controversial reforms to the existing
      AFP  -  294 words
    • Article
      Lock icon Myanmar detains money changers
      238 7 AFP [BANGKOK] Myanmar's junta has detained currency traders in a bid to bolster the beleaguered kyat currency, which is at new lows amid a devastating regional economic crisis, foreign diplomats said yesterday. Some 40 currency dealers were rounded up amid fears that escalating political tension could
      AFP  -  238 words
    • Article
      HK stock exchange continues crackdown on short-selling
      523 7  -  It reveals buy-ins on 5 bourse members who didn't settle short positions From Quak Hiang Whai in Hongkong THE Stock Exchange of Hongkong continued its tough stand against short selling as it announced yesterday that the Clearing Agency had bought in on five
      523 words
    • Article, Illustration
      Lock icon Eager beaver house-hunters
      67 7 [HONGKONG] Potential home-buyers wait to enter Metro City, Hongkong's newest and biggest residential development, during a pre-sale launch on Thursday. Hongkong ssaggingpropertymarket,the backbone of the local economy, could take up to four years to recover from the current economic slump according to a report released on Wednesday.
      AFP  -  67 words
    • Article
      Lock icon Japan economy has worsened further: EPA
      325 7 Bloomberg [TOKYO] Japan's chief economic planner said the economy has "worsened further" from last month and remains in a "slump". "At present there are no signs of a recovery in consumer spending," said Taichi Sakaiya, head of the government's Economic Planning Agency. "The Japanese
      Bloomberg  -  325 words
    • Article, Illustration
      Lock icon Taipei boosts stock prices with new regulations
      355 7 Bloomberg [TAIPEI] Taiwan's government announced new securities regulatory measures, the latest of several such packages, to shore up share prices after the benchmark stock index tumbled to a two-year low. Stocks rebounded on the news. The TWSE index gained 211.77 points, or 3.39
      Bloomberg; REUTERS  -  355 words
    • Article
      Moody`s warns of ratings cuts for HK, banks
      457 7  - Mood y`s warns of ratings cuts for HK, banks Move partly due to HE govt's bourse intervention, it says From Loh Hui Yin in Hongkong JUST days after two other international credit agencies downgraded Hongkong and its banks, Moody's Investors Service has served notice that it might also do likewise.
      457 words
    • Article
      Thailand to name bank advisers next week
      325 7  -  11 foreign bidders vie for role in 2 banks' privatisation From Harish Mehta in Bangkok THAILAND is considering bids by 11 foreign investment banks and consultants who are competing to be the financial advisers to two recently nationalised commercial banks that are scheduled
      325 words
    • Article
      Lock icon S&P report inaccurate: Singson
      378 7 NPLs won't exceed 10%, he says, against SAP's 20% forecast Bloomberg AFP [MANILA] Philippine central bank governor Gabriel Singson said a forecast by Standard Poor's Corp that onefifth of the banking industry's loans will be overdue by next year is "speculative and inaccurate". Mr Singson predicted
      Bloomberg; AFP  -  378 words
Page thumbnail Page 8
  • REGION/WORLD
    • Article
      Lock icon Fujitsu to shut down UK factory as chip glut continues
      299 8 LONDON Bloomberg FUJITSU Ltd, Japan's largest computer maker, said it will close its chipmaking factory in England as a worldwide glut of dynamic random-access memory chips continues to drive down prices. Fujitsu said it was meeting workers at the plant
      Bloomberg  -  299 words
    • Article, Illustration
      Lock icon Chernomyrdin hints at rouble currency board
      586 8 MOSCOW Choice is either hyperinflation or mobilisation of control over the economy, he says Reuters ACTING Russian Prime Minister Viktor Chernomyrdin seemed to hint yesterday he was moving to the financial straitjacket of a currency board for the rouble but analysts were sceptical such
      Reuters; REUTERS  -  586 words
    • Article
      Lock icon Hedge funds lost billions in August
      470 8 NEW YORK Soros predicts a 'very gloomy future' for Russians Bloomberg AFP GEORGE Soros, Leon Cooperman and other hedge fund managers lost billions of dollars in August, as markets from the US to Russia plunged. Soros Fund Management's flagship US$lO billion (SslB billion) Quantum
      Bloomberg; AFP  -  470 words
    • Article
      Lock icon US businesses feel the chill of a global slowdown
      307 8 WASHINGTON Industries ranging from health care to mining affected Bloomberg BUSINESS cooled last month at US industries ranging from health care to mining as they began to feel the effects of a global economic slowdown that's hurt factories and financial markets.
      Bloomberg  -  307 words
    • Article
      Lock icon Microsoft ordered to give court new data
      207 8 WASHINGTON Bloomberg MICROSOFT Corp must turn over potentially damaging information on its business dealings with Intel Corp and Apple Computer Inc for use in the government's landmark antitrust case against the software giant, a federal judge ruled. US District Judge Thomas Penfield Jackson,
      Bloomberg  -  207 words
    • Article
      Lock icon Russian woes confirm painful shakeout
      302 8 WASHINGTON NYT FOR more than a year after the Japan, South Korea, Indonesia and Thailand were sucked into a tailspin, Wall Street yawned, shrugged and continued to spiral upward. Why, then, did the collapse of Russia's US$36O billion economy (Ss63o billion) finally trigger the Dow's
      NYT  -  302 words
    • Article, Illustration
      Lock icon Clinton says he's `very sorry` about Lewinsky affair
      430 8 DUBLIN He responds to politcal ally's attack on his behaviour Bloomberg PRESIDENT Bill Clinton said he's "very sorry" about his affair with former White House intern Monica Lewinsky and that he can't disagree with those who have condemned his behaviour. "I've already
      Bloomberg; REUTERS  -  430 words
    • Article, Illustration
      Lock icon Global rate cuts won't help: Buba
      330 8 MFRANKFURT Reuters BUNDESBANK president Hans Tietmeyer on Thursday dismissed calls for a global interest rate cut to ease tensions on world markets and said he expected moves towards European rate convergence in coming months. Concerted rate cuts could have a counterproductive effect in destabilising
      Reuters  -  330 words
    • Article
      Jakarta zeroes in on Suharto associates
      383 8  -  Son Bamb&ng, close associate Bob Hasan questioned Ky Shoeb Kagda in Jakarta IN what analysts see as the beginning of a move to bring former president Suharto to court, government prosecutors have swooped in on family members and close associates of the former leader.
      383 words
Page thumbnail Page 9
  • COMPANIES & MARKETS
    • Article
      Dragon Land posts $4.9m net profit, down 2.4%
      271 9  -  By Clarissa Tan [SINGAPORE] Dragon Land posted net profits of $4.9 million for the year ended June 30, after a loss of $2.3 million in the first half. But the developer's fullyear earnings are still 2.4 per cent lower than last year.
      271 words
    • Article
      NEL places out 39m new shares to raise $118.8m
      432 9  -  Move will strengthen capital base, slash gearing to 10% from 56%, say analysts By, Jennifer Lien [SINGAPORE] Nat Steel Electronics Ltd (NEL) has placed out 39.1 million new shares at $3.10 apiece to raise funds for expansion. The company said yesterday
      432 words
    • Article, Illustration
      Lock icon LC Development reports $15m full-year loss
      275 9  -  By\ Diana Oon [SINGAPORE] Property developer LC Development yesterday reported a $15 million full-year loss, due to a $14.9 million provision for property losses. The group, which had set aside $6 million for property losses at half-time, made the full-year provisions due to the
      FILE PHOTO  -  275 words
    • Article
      National Kap deal may lead to general offer
      373 9 It places ont B.lBm shares to Chinese group for $4m [SINGAPORE] Cash-strapped National Kap is roping in a Chinese group both as shareholder and business partner in a multi-faceted deal that could lead to a general takeover offer. The company said yesterday
      373 words
    • Article
      Jurong Shipyard ups interim net to $36m from $33.6m
      212 9  -  By\ Conrad Raj [SINGAPORE] Jurong Shipyard yesterday reported that it had revised its interim net earnings to $36.07 million from $33.62 million, following the inclusion of strong results from its 20 per cent owned associate, Jurong Engineering Ltd. Pre-tax contributions from
      212 words
    • Article
      SIA to extend code-share services to Australia, NZ
      344 9 It wants to increase flight frequencies to these destinations {SINGAPORE! Singapore Airlines (SIA) will soon extend code-share services to Australia and New Zealand with three other airlines and expects to raise the frequency of flights to destinations there to "cater for the
      344 words
    • Article
      Falling values reflect harsh reality, not market madness
      931 9  -  HOCK LOCK SIEW Louis Beckerling HAS the market gone mad? Sadly for investors watching helplessly as the value of their shares collapses, the answer is no. And this means the savage re-rat-ing of prices now underway is not the work of madmen
      931 words
    • Article
      S'pore Re interim profit plummets 88.7%
      207 9 [SINGAPORE] Group net earnings of Singapore Reinsurance Corporation plunged by 88.7 per cent to $636,000 for the first six months of this year. A main cause of this steep profit drop was an investment loss of $6.48 million Group interim turnover dipped by 6.9
      207 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon DBS is only S'pore suitor for Thai banks: BOT chief
        521 10  -  Other banks from Republic haven't shown interest in such investments Reports from Siow Li Sen in Iktngkok OTHER than DBS Bank, no Singapore banks are interested in investing in Thai banks. Bank of Thailand governor Chatu Mongol Sonakul said yesterday.
        FILE PHOTO  -  521 words
      • Article
        Bankers go bananas to beat the competition
        422 10 BANKERS prancing about dressed as bananas or carrots selling financial products; banks setting up branches in hypermarkets just some uncharacteristic aspects displayed by banks today. Speakers at a financial seminar in Bangkok this week related how banks now have to resort to unconventional
        422 words
      • Article
        Lock icon Global telecom firms eye Hutchison Telecom
        216 10 AFX-Asia [HONGKONG] International telecommunication companies have approached Hutchison Telecommunications (Hongkong) Ltd for possible cooperation, managing director Dennis Lui said. According to the Oriental Daily News, Mr Lui said Hutchison Telecom welcomes foreign companies to take a stake in its fixed line business but he
        AFX-Asia  -  216 words
      • Article
        Lock icon Westmont Land defaults on another RM204m
        117 10 AFX-Asia [KUALA LUMPUR] Westmont Land (Asia) Bhd said it has defaulted on an additional 204.3 million Malaysian ringgit (5594.1 million) in loans extended by banks. In a statement to the Kuala Lumpur Stock Exchange, the company said the default was brought about by the
        AFX-Asia  -  117 words
      • Article
        Lock icon Acer Peripherals says forex curbs won't hurt M'sian unit
        404 10 It plans no change in operations; S'pore's ACI boosts capital in Aussie, Thai onits AFX Asia Reuters [TAIPEI] Acer Peripherals Inc said the recent introduction of foreign exchange controls by Malaysia will have limited impact on the operations of its wholly-owned
        AFX Asia; Reuters  -  404 words
      • Article
        Lock icon PT Sierad to sell 11 overseas units
        364 10 Food producer moves to pay debt, stave off bankruptcy Bloomberg [JAKARTA] PT Sierad Produce, a chicken and feed producer whose stock is wallowing at the lowest possible point on the Jakarta stock exchange, said it's selling off 11 overseas subsidiaries to stave off
        Bloomberg  -  364 words
      • COMPANY Briefs
        • Article
          Prima unit challenges Sri Lankan levy
          52 10 {SINGAPORE] Prima Ltd yesterday said associate Ceylon Grain Elevators had filed a court petition to challenge the Sri Lankan Customs* move to Impose a duty of nearly 1.2 billion Sri Lankan rupees (Ss24 million) on it The company did not give the reason for
          52 words
        • Article
          HBM Print interim net drops 55%
          73 10 [SINGAPORE] HBM Print yesterday announced a 55.3 per cent Call in net interim profit to $181,000 and said it expects the second half year to remain difficult "in view of the continuing unfavourable market conditions in the region". For the six months ended June
          73 words
        • Article
          Lock icon Fttch cuts ratings for 2 M`sian banks
          109 10 Reuters [HONGKONG] Fitch IBCA yesterday said it had lowered the individual ratings of two Malaysian banks in light of their need for recapitalisation. Bank Bumiputra Malaysia's Individual rating was lowered to E from D, while Sime Bank's individual rating was lowered to E
          Reuters  -  109 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon NKK takes over failed Toa Steel; more industry casualties seen
        524 11 Decision means production glut won't be cat, say analysts Bloomberg [TOKYO] NKK Corp, Japan's second-biggest steelmaker, said yesterday it will take over most of the operations of Toa Steel, a 51.58 per cent owned subsidiary that collapsed as Japan's worst
        Bloomberg  -  524 words
      • Article, Illustration
        Lock icon Having a go at lower fares
        54 11 [LONDON] Ryanair's chiefexecutive Michael O 'Leary gesturing in front ofa banner the company erected outside rival British Airways' travel shop on Thursday. The company announced discount fares in Europe to bring Ryanair into the fare war between other low cost airlines such as Easyjet
        AFP  -  54 words
      • Article
        Lock icon Intel shares gain on strong Q3 profit prospects
        257 11 Bloomberg [SANTA CLARA, California] Intel Corp shares rose on Thursday amid optimism for strong third-quarter earnings, sparked by new products from the world's largest computer-chip maker and robust personal computer demand. Intel rose 1 7/8, or 2.5 per cent, to 76 3/4
        Bloomberg  -  257 words
      • Article
        Lock icon Ahold's 2nd-quarter profit up 31%
        365 11 US ops improved margins, more gains from Latin America Bloomberg [ZAANDAM, Netherlands] Royal Ahold NV, the world's sixth-largest supermarket owner and a joint venture partner of Kuok Group in Tops Supermarket, said sec-ond-quarter profit rose 31 per cent, above expectations, as US operations improved margins
        Bloomberg  -  365 words
      • Article
        Lock icon ITC surges after Indian tax tribunal ruling
        204 11 Bloomberg [NEW DELHI] The shares of ITC Ltd, India's largest tobacco company, climbed after tax officials said they would not punish the company for failing to pay excise taxes. India's tax court has dropped close to one-quarter of the 8 billion rupee (Ss2Bo
        Bloomberg  -  204 words
      • Article
        Lock icon Int'l Wireless seeks bankruptcy protection
        264 11 Bloomberg [WILMINGTON, Delaware] International Wireless Communications Holdings Inc, developer of mobile-tele-phone networks overseas, filed for bankruptcy-court protection, saying it was a victim of the Asian financial crisis. In papers filed in US Bankruptcy Court in Wilmington, Delaware, International Wireless and four of its units listed
        Bloomberg  -  264 words
      • Article
        Lock icon Goodman Fielder's second half profit up 6% as expected
        345 11 Result takes the full-year profit to Asl4om Bloomberg [SYDNEY] Goodman Fielder Ltd's second-half profit rose 6.1 per cent, fulfilling the company's own profit forecasts made six months ago. The Australian-based food producer's net earnings for the six months ended June 30
        Bloomberg  -  345 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Rothschild launches Five Arrows Global Bond Fund
        484 12  -  It is aimed primarily at small to mid-sized institutional investors By\ Shiv Taneja [SINGAPORE] Rothschild Asset Management (RAM) has launched its Trustee's Act-ap-proved Five Arrows Global Bond Fund one of the last few unit trusts to be approved under the existing Trustee's Act
        CHRIS LOH  -  484 words
      • Article, Illustration
        Lock icon Greenback taking a beating
        573 12 US$/mark: Bears continued to mount a fierce assault on the US dollar this week. After it dipped by about 447 points on Friday last week, the US dollar dived further on the opening bell on Monday to touch a low of 1.7300 from the previous close
        Source: DBS  -  573 words
      • Article
        Lock icon Canadian bank posts lower Q3 profit
        216 12 Reuters Bloomberg [TORONTO] Canadian Imperial Bank of Commerce (CIBC), in which Hongkong tycoon Li Ka-shing is a major shareholder, closed out the Canadian industry's earnings season on Thursday, reporting third-quarter profits that were lower than the previous quarter and the yearearlier period. The results,
        Reuters; Bloomberg  -  216 words
      • Article
        Lock icon Japanese derivative deals may not be My protected
        297 12 FT [TOKYO] Investors holding derivatives contracts with Japanese financial institutions may not be fully protected under Japanese law if an institution collapses. The concern has arisen because Japanese law does not yet guarantee that the "netting" of counterparty derivative contracts will be
        FT  -  297 words
      • Article
        Lock icon JGBs higher on corporate worries
        280 12 ■Slmini Report Reuters [SINGAPORE) Simex Japanese government bond (JGB) futures ended firmer yesterday on worries arising from very weak earning figures from Japanese corporates. Dealers said funds shifted their focus to the JGBs from the Nikkei after a slew of downward revisions in earnings forecasts
        Reuters  -  280 words
      • Article
        Futures make sharp rebound
        172 12  -  MSCI TAIWAN FUTURES Cecilia Loh Cecilia Loh, service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contracts rose sharply from the newly established low level of 221.3 following the government's stock stimulus plan. The stock index rallied 211.77 points to 6,463.15, supported by government-related
        172 words
      • Article
        Lock icon Oil sheds gains despite Kuwait-Saudi meet
        203 12 ENERGY REPORT Reuters [LONDON] Oil prices faltered yesterday just as news emerged that Saudi Arabia and Kuwait's oil ministers would meet soon to address the prolonged price slump. Benchmark Brent blend was trading down 13 cents at U5513.31 a barrel by 1455 GMT, still
        Reuters  -  203 words
      • Article
        Lock icon CURRENCY REPORT
        256 12 AFX-Ask AFP London THE dollar turned weaker in afternoon trade after an earlier rebound, with investors unnerved by volatility on Wall Street and other emerging markets, dealers said. Dealers said the market largely ignored the slightly-firmer-than-expected US August employment report which has taken a backseat amid the global
        AFX-Ask; AFP  -  256 words
      • Article, Illustration
        Untitled
        1166 12 DTTBRBAMK CROSS RATES Sgp4 101 Ffr Dw NHS MbhfH* Yw Ww 1 MZShOlb N— S$ *m4 »T> U* Hmt US$1 906 J-* 7 552 MS 1024 4570 ***** OJO 7920 HS 3 3L734 ***** 1.034 3.704 0jM520.464 24.180 OJ53 0490 Canada 1103 5.401 0475 1790 U32 5.042 ***** MM OH?
        1,166 words
    • Article
      COMMODITY PRICES
      1723 13 sicom rtrruRBg JWeiB (Mufts clovnq n it 5.30pm) RSSICONTRACT<S cwrtsAg) Close Volume Opeo W55 low Sott (tones) Interest Oct 9® 117.00 1115 •J®* t17.50 117.50 117.50 200 M50 n8 25 "*.25 tte.25 200 1450 120.75 120.75 120.75 150 1950 Apr/Jm 99 125.00 1950 Jui/Sep 99 129.50 150 RSS
      1,723 words
    • Article
      WORLD STOCK MARKETS
      2258 13 LONDON Industrials S«M Piki 31 Group 515.000 15.000 AB Ports 275.000 -7.600 Abbey National 1006.000 -20.000 Allied Domecq 500.000 12.000 Amec 151.000 1.000 Asda Croup 166.000 -1.400 BAT tad 580.000 -3.000 BG Pic 356.000 4.000 BICC 87.000 4.000 BOC Croup 783.000 9.000 BR Petroleum 764.000 29.000 BTR
      2,258 words
    • Article
      Lock icon TOKYO
      1620 13 Bloomberg D Nikkei 225 -Slft.33 JAPANESE stocks fell for a second day as losses at Kawasaki Steel Corp and Hitachi Ltd and the collapse of Toa Steel Co sparked concern more companies will announce losses or go bankrupt. "These are heartland companies core names in the Japanese industrial landscape
      Bloomberg  -  1,620 words
    • Article, Illustration
      Lock icon HONGKONG
      1497 14 Reuters Han* Sen* +199.88 STOCKS clawed back earlier losses and ended yesterday sharply higher after a late session rally fuelled by shortcovering, brokers said. The Hang Seng Index gained 169.88 points, or 2.32 per cent, to finish at 7,488.47 after hitting a low of 7,168.63. The value of turnover
      Reuters  -  1,497 words
    • Article, Illustration
      Lock icon CHINA
      602 14 Reuters Bridge News PI Shenzhen B Index +4-79 SHANGHAI and Shenzhen B shares soared yesterday as local investors hunted for bargains amid encouragement prompted by large broker Shenyin Wanguo's commission cut, traders said. The lack of foreign selling pressure also boosted sentiment. Both A shares took heart from the
      Reuters; Bridge News; Source: Credit Lyonnsis Securities(Asia) Ltd  -  602 words
    • Article
      Lock icon TAIPEI
      347 14 AFP Flwr Index +21L77 TAIWAN share prices soared 3.4 per cent yesterday, buoyed by a government plan to bail out the bourse after it plunged to a two-year low, dealers said. The Weighted Price Index moved up 211.77 points to 6,463.15, following a 3.4 per cent plunge the previous
      AFP  -  347 words
    • Article
      Lock icon WELLINGTON
      256 14 AFP n Wellington *13.40 NEW Zealand stocks rose 0.8 per cent yesterday as commodity stocks recovered some lost ground. The NZSE-40 Index gained 13.40 points to 1,789.07 on turnover of NZ$B7 million. Carter Holt finished up 10 cents at NZ$l.2B, while FCL Paper closed at NZ$l.O7, up seven cents.
      AFP  -  256 words
    • Article, Illustration
      Lock icon BANGKOK
      761 14 AFP P SET Index -M 9 THAI share prices closed barely lower yesterday amid persistent concerns over a global economic slump and an ongoing sell-off by local institutional investors, analysts said. "The market was stable today because trading was very thin and blue chips stayed mostly unchanged," Securities One
      AFP  -  761 words
    • Article
      Lock icon SEOUL
      426 14 AFP n Composite Index -0j56 SOUTH Korean share priced ended yesterday a fractional 0.2 per cent lower with early gains on futures-led buying offset by profit-taking and investor jitters, dealers said. Heavy foreign buying prevented the volatile and now cautious market from falling further on the back of lingering
      AFP  -  426 words
    • Article
      Lock icon SYDNEY
      584 14 AFP n AD Ordinaries -9.3 AUSTRALIAN share prices fell 0.4 per cent yesterday, but bigger losses were averted by a rise in the local currency, analysts said. The All Ordinaries Index dropped 9.3 points to 2,504. National turnover totalled 259.84 million shares worth AJ861.36 million. The All Industrials Index
      AFP  -  584 words
    • Article, Illustration
      Lock icon JAKARTA
      751 14 AFP P Composite Index -9.23 INDONESIAN shares yesterday closed 2.8 per cent lower on regional market weakness and the absence of positive local leads, dealers said. "The global market was grim. People are now worried of a global recession and every little thing that happened now would have such
      AFP  -  751 words
    • Article
      Lock icon MANILA
      298 14 AFP Q Manila -3157 PHILIPPINE shares closed 2.8 per cent lower yesterday due to continuing regional turmoil complicated by this week's political shake-up in Malaysia, analysts said. The Philippine Stock Exchange Composite Index fell 33.57 points to close at 1,159.38 points. Turnover rose to 352 million shares worth 572
      AFP  -  298 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares surge 16% on high volume
        398 15 Reuters yiOompoaitc Index +50.37 MALAYSIAN stocks soared 16 per cent yesterday as institutional funds entered the share market. Recently imposed exchange controls kept foreign selling pressure at bay, dealers and analysts said. The Composite Index gained 50.37 points, or 16.09 per cent, to close
        Reuters  -  398 words
      • Article
        Untitled
        8334 15 INDUSTRIALS Consumer proMi 1998 La*« Vol Day Net Cap L Clli» I* -000 Hf. Lew P/l SHI 310 170 Ajinomoto 220 20 15 220 200 12.1 89.2 £5 25 n M 50 6 229 56 48 1.2 73.7 290 123 Apollo Food Hlg 150 15 8 150 135 5.2 60.0
        8,334 words
    • WARRANTS & OPTIONS
      • Article
        Renong wrt: up on local push
        197 16  -  WARRANT WATCH -By R Sivanithy THE "closure" of the Malaysian market to foreigners has meant locals there can basicaUy push prices to wherever they want. Stocks have doubled since the start of the week and it is well-known that huge differences between prices on
        197 words
      • Article
        Untitled
        2928 16 MtaJ***. L«*t VI Our L*» Quota A»; High La* Itiw Cmtfmf Sate Hf COOO) High Law Buyar *a«f Prtea 233 4 m 3000 m AMOB cS.5%*****6 5 susp 205 3 3160 Actr W*****1USS 3 1 4 95 S 3164 Acma ******4 5.5 *0.5 28 5.5 5 5 5.5 5 3161
        2,928 words
    • Article
      STOCK EXCHANGE OF SINGAPORE; MAIN BOARD
      4968 17 Or Of wt 9 La«t Vai Day Last Ouota Dlv Mv YM Na« Cap Avg wjgw Law StWo Campany Ut» COOQ) High Law 8*iyar «—f C'yr P/t $m> Prlta MULTHNDUSTRY 142 49.5 mt 1000 Acma SOc 57 *6.5 77 57 50 51 57 27.5
      4,968 words
    • Article
      SESDAQ
      894 17 ar y. nS», Jzr°z£L i c y 5 MAffUfACTURHW 2 s> r i jr s s? s :§i~~IEE~ a 5 r s. a a s s 23 8.5 2046 Eastern Pub 10c n.S 9 5 ,1 10 0 i r a 7 a a "2S 32 9 2007 Falmtc
      894 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        202 18 Stocks Vote me SlngTaM5c 10,135,000 OCBC Foralgn 6,470,000 Enarsava Hk 5,766,000 DBS Land 4,993,000 LI Xln 10c 4,927,000 ClMwCutiock 20c 4.541,000 Kappal LandSOc 4,453,000 Panpac Media 5 4,333,000 IPCCorpn5c 4,002,000 *T«nqwnqmtl50 3.960,000 ttadu I SlngTal15c 25,985,393 OCBC Foreign 25,042,706 DBS Foralgn 20,588,573 UOBFortign 14,891,242 SPH 11,084,876 OUB Foralgn 6,981,979 08S
        202 words
      • Article, Illustration
        Malaysian worries put all sectors under pressure
        717 18  -  STOCK MAUBT COMMENTARY Mixed sentiment dne to Bow's fall, weak day for regional markets; Clob trading is suspended, confnsion reigns By R Sivanithy [SINGAPORE] The Straits Times Index yesterday ended its first week of existence testing the 800 level, whUe a significant part
        717 words
      • ON THE GRAPEVINE
        • Article
          No baht to go to market
          109 18 BANK of Thailand (BOT) governor Chatu Mongol Sonakul offered some self-deprecating views on central bankers and the BOT after a seminar in Rungtmb this week. Central bankers were able to get together so frequently, he told journalists, tongue in cheek, because they had so
          109 words
        • Article
          IT multiplies stupidly?
          127 18 THE awesome power of technology doesn't make us smarter, it just makes stupid mistakes spread faster—that was the reminder from theoretical physicist MichioKaku to a roomful of IT buffS and bankers at a financial seminar in Bangkok on Thursday. "Technology just makes panic spread faster on a
          127 words
        • Article
          Junk e-mail hoax
          113 18 fed-up by unwanted e-mail? Here's a "cure" guaranteed to make things worse, k A footnote to an unsolicited message sent to a staffer read: "If this message does not pertain to you, or if this message has reached you in error, or you would simply like to
          113 words
        • Article
          Stay bullish males
          100 18 YOU know things are uncertain on stockmarkets when the somersaults per page (SPP) ratio in investment newsletters reaches three and above. Samples from the latest example (not written in Singapore) to hand; "While this analysis (of the Dow Jones performance last week) suggests a very large downside
          100 words
      • Article, Illustration
        HOT STOCK
        58 18  -  -by Shiv Taneja PERTAMA Holdings closed one cent higher yesterday at seven cents on a volume of 3.51 million shares, compared with its 10-day traded average of 20,000 shares. The counter is oversold, but the near-term outlook is negative. Longer term, however, the outlook is more positive, according
        58 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      49 9 Buts I Clean out that insectL L infested store room of j yours by turning your m dk M "junk" into cash M through a garage sale! A Call 1800-*****66 J f I today to turn those big y ill k*® s nto big bucks! y/ I Classification 158
      49 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      50 10 r 1 1 I i fl _rf _n /lijiTi hlntil i 111 i luJlI n l .H" n 1 --i Any Destination, Any Time. Sailing schedules to the Americas more. 24 hours a day in the Shipping Guide Fax-On-Demand hotline 740 6000. Another innovative service offered by Tiikßi sinkssTimks SIIII'I'IIMiTIVIKS
      50 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      152 10 CRYPTIC CROSSWORD muddled (7) 27 Honest as engineers (7) 28 The distress of people in the charge (7) YESTERDAY'S SOLUTION wrong situation (7) 14 The way to publicise package down < 9 > HBHfMWKIWpIIIB 1 Applaud current demand (7) 16 Twisted and turned when mbIHAMi yuoK^HMpy 2 Suspended sentence (7)
      152 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      1066 11 II n I I SINGAPORE REINSURANCE CORPORATION LIMITED I (Incorporated in the Republic of Singapore) B I ANNOUNCEMENT I To: Ail Shareholders H The Board of Directors of Singapore Reinsurance Corporation Limited wishes to make the following announcement; I I I UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE
      1,066 words
Page thumbnail Page 12
Page thumbnail Page 13
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      72 14 calling about f See...l told f The card we're the computer j you this was a I making for Susan I advertised in J g°°d deal-y/ Yup, we got what V is going to be J Straits Times/ f we wanted because Nw real nice! Classified, j Vi I of
      72 words
Page thumbnail Page 15
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      279 16 ♦Trading in Malaysian stocks on Clob was suspended yesterday Make mountains out of molehills. ii With so many fine educational and upgrading YjSf opportunities in The Straits Times Classified daily, it's no wonder our readers are inspired to scale the heights of knowledge. Advertise in the Education/ Training section (Classifications
      279 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      118 17 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 BIOTEC SWEDEN MARKETING (S) PTE LTD (IN MEMBERS' VOLLNTARY LIQUIDATION) 1W 5™ fl lS J£f T,N<: 0f E COMPANY Will BE HELD ON X££ TOIEJCi, AGENDA wndiirtrfalld hoTiho^mt^mllfiiJl. 0 Vxo m i; showm lhr windinf uphasbeen SJSIXII f,hf h Mof and u, receive any
      118 words
    • Advertisement
      Page 17 Advertisements Column 2
      230 17 THE COMPANIES ACT CAP 50 UNITED CHINESE RUBBER WORKS PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened arid held at 110 Jaian Juror* Keehil, #02-01 Sweebt Houae. Singapore *****6 on the 3rd day of September 1998, the special resolution
      230 words
    • Advertisement
      Page 17 Advertisements Column 3
      7 17 TURN TO NEXT PAGE FOR MORE NOTICES
      7 words
    • Advertisement
      Page 17 Advertisements Column 4
      50 17 [l C fl.l^P.y«T t E RI I With a readership base of \2 million, no other I IT publication comes close. For enquiries or ad I bookings, call: I Daisy Chia Tel. 740 2215 I Pgr. 9593 8678 I Choo Ging Yang Tel. 740 1641 I Pgr. 9306 8517 I
      50 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      606 18 I i I— C.K.TANG C.K. TANG LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 38th Annual General Meeting of C.K. TANG LIMITED will be held at 3918 Orchard Road, Ngee Ann City Tower B, #19-01, Singapore *****4 on Tuesday, 29 September 1998 at
      606 words
    • Advertisement
      Page 18 Advertisements Column 2
      876 18 GP Batteries International Limited (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Batteries International Limited will be held at The Grand Salon. Level 2, Conrad International Centennial Singapore. 2 Temasek Boulevard. Singapore *****2 on Monday, 21
      876 words
    • Advertisement
      Page 18 Advertisements Column 3
      7 18 TURN TO PAGE 17 FOR MORE NOTICES
      7 words
    • Advertisement
      Page 18 Advertisements Column 4
      578 18 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF KIAN NAN TRADING (S) PRIVATE LIMITED (In Members' Voluntary liquidation! NOTICE OF SPECIAL AND ORDINARY RESOLUTION (Pursuant to Section 290(2Kb)] At in Extraordinary General Meeting of the Company held on 28th August 1998 at 10 Tractor
      578 words
Page thumbnail Page 19
  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon A dog's life for Rambo?
      1253 19  -  As humans tighten their belts in the current tough times, their animal companions are also beginning to feel the pinch. JADOB be finds out whaf s being scrimped on and what's not And if more pets are being abandoned JAIME BE RAMBO (not his real
      FILE PHOTOS  -  1,253 words
    • STRAWS In The Wind
      • Article
        Come before you go
        59 19 HERE'S a no holds barred way of attracting business. A Mexican restaurant sent an e-mail to some 200 people with this message: "Hello! Hope you are doing fine and coping with the economic crisis. Many of you must be packing up to go home, but if
        59 words
      • Article
        The mysteries of Mandarin
        122 19 TWO Malaysian colleagues are still adJusting to life in a foreign country. Having been brought up on Bahasa, they are having to do some guesswork when faced with Mandarin. One game reporter who went down to a construction site to snoop around copied four Mandarin characters
        122 words
      • Article
        Planetary deadline
        71 19 EVER wonder If all the recent political and economic calamities are a sign of something big to come? Check out this latest doomsday message. It seems that on May 5,2000, the seven inner planets will move into a straight line for the first time in 6,000 years. The
        71 words
    • VIEWPOINT
      • Article
        How to go the extra mile for your ring git
        798 20  -  Off the Cliff I, A man and his money are not easily parted. Deep Throat reveals how, in the face of overwhelming odds, he mounted a harrowing covert operation to rescue his KM500,000 L by Jaime Ee THIS is based
        798 words
      • Article, Illustration
        Lock icon Determination, hard work, and a stroke of luck
        1104 20  -  That's what it takes to make it in the literary world, and even then, the big bucks may not be forthcoming, pakvathi nuatan learns more about the writer's lot in Britain today from Tibor Fischer PARVATHI NARAYAN MM HERE do your ideas
        SIEW YAW HOONG  -  1,104 words
      • Article, Illustration
        Lock icon Acting on a brother-in-law's suggestion
        815 20  -  It was daring the '80s recession that E H Lim decided to set np Avi-Tech Electronics By, Annette Pau NEVER underestimate the power of suggestion. Take local semiconductor manufacturer Avi-Tech Electronics' managing director E H Lim, who left his relatively snug position as test manager
        ARTHUR LEE  -  815 words
    • PURSUITS
      • Article, Illustration
        A season of sparklers
        840 21  -  Diamonds may shine brightest but rubies, sapphires and other gems will also be adding their dazzle to the coming jewellery auctions, sum jay reports SIAN JAY JEWELLERY lovers looking to add to their collections should find plenty to choose from at this season's jewellery auctions to
        840 words
    • MOTORING
      • Article, Illustration
        Lock icon Not quite the tortoise and the hare
        921 21  -  Pitting a VW against a Beemer what kind of comparison is that? Not as odd as yon might think %< Christopher Tan ADMITTEDLY, the Volkswagen Passat 1.6 is not the best product to be pitted against the new BMW 318 i. One could
        ARTHUR LEE  -  921 words
    • Article, Illustration
      Less vigilant this time around
      652 22  -  CINEMA They may share the same director, Irat Hollywood's Nightwatch fails to match the standards set by Nattevagten By I Susan Tsang NIGHTWATCH is a Hollywood remake of a hit European film, in this case Nattevagten, which was released commercially here last year. The 1995
      652 words
    • Article, Illustration
      Happily ever after... (but only in Hollywood)
      738 22  -  FILM COMMENT Black man falls in love with white woman and nobody bats an eyelid that's the ultimate American fantasy, now playing at a cinema near yon By\ Susan Tsang T HE dream 'merchants of Hollywood are trying to abolish race in America.
      738 words
    • Article
      This, that and the other
      632 23  -  CINEMA Like many Coen brothers' movies, The Big Lebowski, with its vignettes and detonrs, is enjoyable in a way that quite simply defies analysis By I Shahiron Sahari THE Big Lebowski, the Coen brothers' much-awaited follow-up to the hugely entertaining and successful Fargo, is more
      632 words
    • Article, Illustration
      WHAT'S ON
      439 23  -  Compiled by M Yasotha COMCBETB Singapore Symphony Orchestra: New Asia Series Korean-American violinist Alyssa Park kicks off this year's New Asia Series with Mozart's Violin Concerto No 3 in G. Programme also includes Tcherepnin's Symphony No 3, Mussorgsky's Introduction from Khovanschina and Strauss' Suite from Der Rosenkavalier. Shui
      439 words
    • EPICURE
      • Article, Illustration
        Lock icon Nine degrees of satisfaction
        726 24  -  It's every gourmet's dream a restaurant with a Western-style grill, European deli, Chinese and Japanese stations, patisserie and cigar bar And that's exactly what the Grand Hyatt has come up with, tamsu tew exercises her new-found options at mezza9 TAN SU YEN TRUST the Hyatt to
        PHOTOS BY SIEW YAW HOONG  -  726 words
      • Article
        The fairest loo of all
        140 24  -  Compiled by Tan Su Yen RESTAURANT restrooms are starting to look better now that restaurant operators are sparing no effort to attract and keep customers. Newly-opened restaurant Forbidden City on East Coast Road has Body Shop toiletries in its stylish 100. And when French restaurant
        140 words
      • Article, Illustration
        Lock icon Redefining fusion at Mao II
        656 24  -  RESTAURANT Pasta with lnp cheong and hoi sin sauce? Delicious! By 1 Tan Su Yen IT'S A hip, breezy, pasta-eat-ing version of Mao Zedong that beams at diners over their char siew pizzas at House of Mao II which opened recently at the Orchard Hotel
        SIEW YAW HOONG  -  656 words
      • Article, Illustration
        Still packing in the crowds at Terazza
        105 24 CRAVINGS FOOD and beverage spending may be down, but the $55+++ Sunday brunch at Terazza Restaurant in Sheraton Towers is just about booked out every weekend. The not-so-secret pull factor—the restaurant's consistently great service, a children's buffet and fully supervised play area, and
        105 words
      • Article, Illustration
        Birthday privileges
        66 24 CELEBRATE your birthday or anniversary at The Marriott and the hotel will indulge you with a complimentary cake or champagne. A cake awaits parties of 20 or more celebrating at Wan Hao Chinese Restaurant, Garden Terrace Bar Grill and Marriott Cafe, while parties of less than 20 guests
        66 words
      • Article
        Mad Horse No 2 leads the field in Shanghai
        885 24  -  WINE CONNOISSEUR The Chilean from Valdivieso was voted the best red at the Second International Wine Challenge By N K Yong IT TAKES an International Wine Challenge to hammer home the message that there is life after Bordeaux and Burgundy. The
        885 words
    • Article, Illustration
      CINEMA
      705 25 Armageddon.An oil driller (Bruce Willis) is mankind's best hope against an asteroid on collision course with earth. Lido, Republic, Jurong, Choa Chu Kang, Century, Hougang, Orchard, Eastpoint, Riverside, Empress, Jubilee, Whitesands, Toa Payoh, Bugis, Beach Road, Yishun, Bishan, Tiong Bahru, Boon Lay, Tampines, Marina. The Avengers. Ralph Fiennes and
      705 words
    • Article
      ENQUIRIES AND BOOKINGS
      121 25 Cathay Org Camay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturetxxjse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubltee 454-1640 Mandarin 292-9401 M*ina 338-9719 Whitesands 585-1782 Qoldan VHlaga 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 TionQ Bahru 274-6588
      121 words
    • TRAVEL
      • Article, Illustration
        Relax, you're in good hands
        734 26  -  An increasing number of people are discovering that they'd rather soak in a spa than go shopping or sightseeing during a holiday, tam su ibk tells why TAN SU YEN WALK into the tranquility room at the Banyan Tree Bintan and you will see immediately
        734 words
      • Article, Illustration
        Modern-day sanctuaries
        848 26 Throughout the region, there are luxury spas, where pampering is the order of the day and health spas, where a strict food, exercise and treatment regime prevails. Here's a sampling of some of the better known spas close to home: The Banyan Tree Spa Bangkok, The Weatin Banyan
        848 words
  • Page 19 Advertisements
Page thumbnail Page 20
Page thumbnail Page 21
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      14 22 Buy It. Sell It. Find It Classified. CAT.S. 1800-737-1166 Call Today For Results Tomorrow.
      14 words
    • Advertisement
      Page 22 Advertisements Column 2
      220 22 I£/ W.MOSI tiCtl 1 ■> (rVrt (irei r»un Lesrt -#cc rw Wnwlii UntfH t >'< *K .-v N, < <'»>: I fl Ifl LOl US drive you forward Ct AMI y\' u v vk I *1 Lf tj X .t; K< If you are looking for a set of wheels,
      220 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      351 23 Where to wine, dine and 1= ==L "lunch" is the best for lunch and high tea rolled into one. Which means longer serving hours and even more scrumptious spreads. Saturday, Sunday Public Holiday "Tunch" 12 noon spm £15.80 (Adult) £11.80 (Child) Tunch Karaoke 3pm Bpm £21.80* (Adult) £17.80* (Child) Imlmne
      351 words
    • Advertisement
      Page 23 Advertisements Column 2
      98 23 vCT discover THE NRW l-OOK Pine Court Chinese Restaurant WHERE PINING IS TRULY A BEAUTIFUL EXPERIENCE For reservations. pfeMe c«fl U1 MH/U1 MM CHINESE t^ST 7 «summ Sunday 12 noon to 5:30 pm Adult $18.80* Child $9.40* No better way to enjoy Sunday than a leisurely Buffet Lunch that stretches
      98 words
Page thumbnail Page 24
Page thumbnail Page 25
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      2264 25 TODAY'S TV REComnarDED viewing rmnHitTT r 1 m —an Blue W erf 11 FM Ab h lo op AM Response TV S |f| 2-°0 Chinese Top 20 Count i LOO PM 1998 Summer X- IS 430 TV Innovations. cILtUSuU The Nanny, 9.30pm, Ch 5 Games. Catch Dave Mir Prima 12
      2,264 words
Page thumbnail Page 26