The Business Times, 3 October 1998

Microfilm: NL21344
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    22 1 MITA(P) 110/12/97 85* The Business Times S I N G A P O R K Internet- http://business-tlmes.asial.com.sg/ WEEKEND EDITION, OCTOBER 3-4, 1998
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  • Article
    MARKET SUMMARY
    63 1 nro. IiSMM (-16.03) iMKfe '•,t 4 D Sub (-7.18) nBTOOHP mm 717jM (-17.64) SHRS& FUTUKES ***** (-2.2) ggQCrffcOKBT DBMCBB Friday Change ELSE COUP MLN -4J8 NIKKEI tUOM +2167 HANG SEN)—Choi SET INDEX StLM 111 JAKARTA COUP Mtt -1M4 MANILA OOMP 4L7t TAIPEI WPI MM WN SEOUL OOMP MBit
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  • Article
    FINANCE
    66 1 FHBIIRB U8S st UM IJBS £(USM»per£) L7N 187C Ml IjM4 LOtt YEN ISif 1JW RM UN M44 HK» 7.741 0118 RAW 3964 MM HfHAH 11.70 Mil* •SfHMmiU FBOB BATES SINGAPORE* 7.17 KUALA LUMPUR 11.50 JAKARTA SMI BANGKOK 1471 MANILA AM HONGKONG 1426 dupb an SYDNEY Ml TOKYO- -_1« *****
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  • Article, Illustration
    Lock icon Financial houses reveal hedge fund exposure
    673 1  -  Fears of volatile cocktail from mixing sovereign and private capital By' Wong Wei Kong [SINGAPORE! One by one, some of the biggest and most reputable financial institutions in the world are coming clean on their exposure to hedge funds after last week's rescue of
    AFP  -  673 words
  • Article
    Redas: developers can sue for payment in cases of default
    442 1  -  By\ Lee Han Shih [SINGAPORE] After weeks of silence, Singapore developers yesterday made a fresh attempt to persuade home buyers not to default on their progress payments. In a short statement last night, the Real Estate Developers' Association of Singapore
    442 words
  • Article
    Lock icon UBS chairman, 3 execs quit over LTCM charge
    432 1 Bloomberg [ZURICHI Heads have rolled at ÜBS AG, the world's sec-ond-largest bank, as the chairman and three top executives resigned to take the blame for a 950 million Swiss francs (511.2 billion) charge stemming from the bank's investment in US hedge fund
    Bloomberg  -  432 words
  • Article, Illustration
    Lock icon European stocks plunge but Dow springs back at noon
    361 1 Dow recovers from early slide to gain 125 pts at Ipm EDT Reuters AFX Bloomberg [NEW YORK] European markets plunged again yesterday as nervous markets on both sides of the Atlantic fed on each other, but Wall Street seemed finally to
    Reuters; AFX; Bloomberg; Source: Bloomberg  -  361 words
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      139 1 prama IbchuptoiwM While Anwar's arrest and alleged beating have been greeted with distaste around the world, Apec leaders still appear likely to attend the grouping's summit to be held in Malaysia next month, r*3 far tfce kng k&al Investors in Asian aviation stocks will have to take a long-term view
      139 words
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      28 1 EYE ON HEDGE FUNDS Time bombs seen ticking away, Pg 3 Greenspan sees no need for new rules, PQ 3 Not all hedge funds are bad news, Pfl4
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      31 1 r £s§WzM S''-" xjt- lin jlgpjj- fii ;#|g^^H[^o^HH3|HH^Hpß s?l gfifKji| iT >: I^B®T"* I SHBBKSI m.. f ffl|■ "Tr-1 P_ Available at: Hermes. I.iat lowers lei: 734 1.353 Takaxhimava Tel: 735 5228
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      4 1 Market reports, Pgs 12-16
      4 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon There's More from creators of This Fashion chain
      484 2  -  Three outlets of More Fashion, which focuses on office wear, to open today By i Corinne Kerk WHILE other retailers are struggling to stay above water, the sole proprietor of the 30-outlet This Fashion, known for its trendy, lowpriced ladies clothing, is
      CHRIS LOH  -  484 words
    • Article, Illustration
      Lock icon Moneychangers' ringgit business nosedives
      497 2  -  Volumes have shrank by np to 80% as M'sian controls come into force By I Siow Li Sen MONEYCHANGERS are being hard hit by Malaysia's currency controls, with some saying they can't recall the last time business had been so bad as overnight, their ringgit volumes
      ARTHUR LEE  -  497 words
    • Article
      Q3 investment property sales dive 83%: JLW
      284 2  -  By: David Boey INVESTMENT sales plunged in the third quarter to just $88.2 million, down a massive 83 per cent from $518 million in the previous quarter, according to property consultants Jones Lang Wootton (JLW) yesterday. The company said investors' confidence towards the
      284 words
    • Article
      PWD to be split up in April corporatisation
      212 2 THE Public Works Department will be corporatised on April 1,1999, with its current functions split between two new organisations a statutory board and a private corporation called PWD Co. PWD Co will be a private sector government-linked company, taking over PWD's non-regulatory
      212 words
    • Article
      DSO, PSA developing smart vehicle: Tony Tan
      219 2 It will transfer containers from ships without driver THE Defence Science Organisation (DSO) National Laboratories is working with PSA Corporation to develop smart, automated vehicles without human drivers to transfer containers from ships, Deputy Prime Minister and Defence Minister Tony Tan said yesterday.
      219 words
    • Article
      New Merc S-class to debut early next year
      315 2  -  Parallel importers and a new version of BMW 7-seriespose challenge to CAC From Christopher Tan in Stuttgart THE new Mercedes-Benz Sclass is expected to debut in Singapore in the first quarter of next year. But even as plans and pricing are being
      315 words
    • Article
      Lock icon S'poreans more open on race: SM Lee
      225 2 The Straits Times SINGAPOREANS of all races have become more open and objective when discussing issues of race, language and culture in the last 30 years, said Senior Minister Lee Kuan Yew. Many previously taboo subjects have been desensitised, he said in an
      The Straits Times  -  225 words
    • Article, Illustration
      Lock icon Is a bottoming out in sight?
      720 2  -  ETE ON THE ECONOMY Fortnightly wrap-up By, Anna Teo IT'S early days yet, but there may just be some encouraging signs in the latest stream of numbers. To be sure, the third quarter just ended is widely expected to have been bad many economists
      Source:  -  720 words
    • Article
      Seiko-Epson makes S'pore logistics bub for FT products
      500 2  -  From Raja Chellam in Nagano, Japan JAPANESE conglomerate Seiko-Epson Corp has decided to centralise the logistics and production engineering function for all its information technology products in Singapore. It will convert part of its production and engineering facility in Tuas to handle
      500 words
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  • THE HEDGE FUNDS DEBACLE
    • Article, Illustration
      Lock icon Greenspan sees no need for new regulations
      436 3 He blames hanks for role in near collapse ofLTCM Bloomberg [WASHINGTON] Federal Reserve Board chairman Alan Greenspan yesterday opposed any new regulations while blaming banks for their "significant role" in the near collapse of a major hedge fund last week. "I know of
      Bloomberg  -  436 words
    • Article
      Lock icon Timebombs seen ticking under hedge funds
      631 3 Researcher says investor redemptions can trigger margin call crises Reuters [LONDON] Hedge funds could face margin call crises and financial markets could be dislocated in coming months as a wave of pent-up investor redemptions are released, according to research released on Thursday. Jessica Cross
      Reuters  -  631 words
    • Article
      Lock icon ING puts exposure at US$840m: analyst
      369 3 Reuters Bloomberg [AMSTERDAM] ING Group holds US$B4O million (Ssl.4 billion) in hedge fund exposure but that position is backed by US$l.2 billion in collateral, said an analyst who participated in a conference call with the company on Thursday evening. ING also has US$37 million
      Reuters; Bloomberg  -  369 words
    • Article
      Lock icon Morgan Stanley fund said to have lost US$300m
      260 3 Reuters [NEW YORK] The asset management division of Morgan Stanley Dean Witter Co has all but shut one of its funds that lost nearly US$3OO million (SSSO4 million) in leveraged bets in emerging markets, according to people familiar with the fund. Paul
      Reuters  -  260 words
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      114 3 See Sunday a Sunday Classified special an antiques, collectors' items, ahd arts crafts B2n intense battles between top teams in polo, |B |P* and the precise harmony of rider and horse in B W dressage and showjumplng, you are invited to witness B at The Rolex International Polo S Polo
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        612 4 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, Fraser, GK Goh, ING Baring, Kay Hian, Kim Eng, Merrill Lynch, Phillip. Neptune Orient Lines (Sell) ParibasAsia Equity, Sept 28, $0.34 NOL declared a staggering loss of $240.8 million for IH9B,
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      • Article, Illustration
        In My Opinion
        496 4  -  Phoon Chiong Tuck Regional Director Prudential Portfolio Managers 4 'On Sept 10, Lebanon issued US$35O million (SSSBB million) worth of sevenyear bonds at a yield of 8.94 per cent or 390 basis points over a US Treasury bond of comparable maturity. The day the bonds were issued,
        496 words
    • Article, Illustration
      Lock icon Not all hedge funds bad news
      904 4  -  It depends on how the instrument is used, not the instrument itself, says a fund manager By' Wong Wei Kong [SINGAPORE] HEDGE funds have not had a particularly good year. First, they were blamed for attacking Asian currencies and sparking off the regional financial
      ARTHUR LEE  -  904 words
    • Article
      Guide to valuing M'sian portfolios
      300 4  -  How funds should treat assets affected by capital controls By' Wong Wei Kong [SINGAPORE] The Investment Management Association of Singapore (Imas) yesterday unveiled a set of guidelines for the treatment of Malaysian assets affected by the exchange controls. Imas said the guidelines, which are in
      300 words
    • Article, Illustration
      Lock icon PSL likely to face squeeze on profit margins: analysts
      712 4  -  IFOWATCn Rising competition for public sector projects cited By] Eugene Low A SQUEEZE on margins due to increased competition for public sector projects could be the Achilles heel of specialist ground engineering firm PSL Holdings, which launched its Sesdaq initial public
      FILE PHOTO  -  712 words
    • Article
      KL market appears poised for a mini rally: analysts
      544 4  -  EYE ON THE REGION: MALAYSIA Capital controls seen providing some breathing space in the short term From Eddie Toll in Kuala Lumpur THE Malaysian bourse may be due for a bounce and a mini rally following the barrage of capital control
      544 words
    • Article
      Lock icon Single currency gives lustre to European stocks
      395 5 Euro will force EMU companies to be more competitive Bloomberg [NEW YORK] The euro, the new currency that 11 European nations will adopt in January, is helping turn the region into one of the most attractive places to invest in, many fund managers
      Bloomberg  -  395 words
    • Article, Illustration
      Lock icon More turbulence ahead for Asia's airlines
      1034 5  -  Investors in Asian aviation market have to take a long-term view, say analysts By Rahita Elias [SINGAPORE] ASIA'S airlines will have to fly through a whole lot of turbulence before they reach sunny skies. And some of them may not survive the ride. The
      FILE PHOTO  -  1,034 words
    • Article
      Stocks vs mutual funds
      788 5  -  More risk equals the possibility of greater return and the possibility of greater loss By Ramesh Logonathan The writer is senior research analyst with Standard Chartered Bank. FOR the novice investor, one of the first questions that arise is whether to buy specific stocks, or units
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    • Article, Illustration
      Lock icon Fund profile
      319 5 Compiled by BT Nicholas-Applegate Reg India Fund Investment objective The objective is to achieve medium to long term capital appreciation by investing mainly in companies with assets in, or revenues derived from India, Sri Lanka and Pakistan and other countries in the Indian subcontinent Investment style A bottom
      Compiled by BT; Source:  -  319 words
    • Article
      Asian equities will bounce back, says Coutts director
      561 5  -  Investors advised against realising their losses now By] Louis Beckerling [SINGAPORE] Regional equity investors, take heart. Asian companies have a great capacity for re-inventing themselves; the exporters among them now enjoy compelling currency advantages; and the long-term fundamentals of the economies in
      561 words
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      97 5 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. t Another Classified Service flHlSa U rU fl| k 221 P rRs m I Chua Lee Hoong of Pasir Ris is riding high. His unit trust portfolio lias appreciated by 21 'to over $30,000.
      97 words
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      24 5 Sound Us Out First. -1 —BOSE~ ATLAS HI-FI PTE LTD =01-116 124 Son fee City M,ill (Tower T.-.o) Tel 339 0966 F:i* 336 -167S
      24 words
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  • THE REGION
    • Article
      Lock icon Apec leaders confirm they will attend KL meet
      569 6 THE ANWAR SAGA Venae change nnlikely; some have expressed concerns over Anwar Reuters AFP [KUALA LUMPUR] The arrest and reported beating of Anwar Ibrahim has been greeted with distaste around the world and left some delegates queasy about attending next month's Asia-Pacific
      Reuters; AFP  -  569 words
    • Article
      Lock icon KL police visit CNBC S'pore offices
      371 6 They wanted details about interviews with Anwar, wife Reuter AFP [SINGAPORE] Malaysian police visited the Singapore offices of CNBC about its interviews with Malaysia's Anwar Ibrahim and his wife, vicepresident of news and programming Chris Blackman told Reuters yesterday. On Sept 3, the US
      Reuter; AFP  -  371 words
    • Article
      Lock icon Anwar was plotting to bring me down, says Mahathir
      183 6 Bernama [JITRA, Kedah] Malaysian Prime Minister Mahathir Mohamad said yesterday that his former deputy Anwar Ibrahim was working towards toppling him as prime minister and Umno president. Dr Mahathir said that Anwar, while remaining in the United Malays National Organisation (Umno)
      Bernama  -  183 words
    • Article, Illustration
      Lock icon Umno Youth chief quits post, severs ties with reform group
      446 6  -  He says decision is in the interest of the yonth movement From, Rath Wong in Kuala Lumpur UNITED Malays National Organisation (Umno) Youth wing chief Ahmad Zahid Hamidi, a close ally of former Malaysian deputy premier Anwar Ibrahim, yesterday resigned
      AFP  -  446 words
    • Article
      Lock icon Sukma won't appeal, says his lawyer
      127 6 Bernama [KUALA LUMPUR] Sukma Darmawan Sasmitaat Madja, who was jailed six months after he pleaded guilty to committing an act of gross indecency by allowing himself to be sodomised, is not going to appeal against the sentence passed by the Sessions Court here on
      Bernama  -  127 words
    • Article, Illustration
      Major Thai cabinet reshuffle expected over the weekend
      349 6  -  From. Harish Mehta in Bangkok THAILAND'S seven-party coalition government, and its eighth and newest partner, were ironing out the details yesterday of a major cabinet reshuffle that is expected over the weekend. Prime Minister Chuan Leekpai was forced to reshuffle the cabinet
      349 words
    • Article
      Bank Negara cuts capital requirements for insurers
      415 6  -  Reports from Meera Tharmaratnam in Kuala Lumpur BANK Negara yesterday cut capital requirements for insurance companies and redefined the kind of assets insurers can hold to to help the industry tide over the economic downturn. "The economic situation has taken its toll on
      415 words
    • Article
      Asean to speed up integration, says official
      320 6  -  From Al Labita in Manila ASIA'S lingering currency crisis has prompted the ninemember Asean to speed up its economic integration, an official said here yesterday. "I think we are unanimous in our assessment that we must proceed with our integration at this point,"
      320 words
    • Article
      New rules bring down M'sian banks' NPLs by 39%
      457 6 MALAYSIA'S central bank said banks' bad loans fell by 39 per cent after it widened from three months to six months the classification period banks use to recognise non-performing loans. Bank Negara said banks' bad loans fell to 40.8 billion Malaysian
      457 words
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  • REGION/WORLD
    • Article
      Lock icon Liberal-National coalition tipped to win Aussie elections
      622 7 CANBERRA Keen fight expected as latest poll shows it ahead of Labor for the first time Bloomberg AUSTRALIA'S general election tomorrow is likely to return the Liberal-National coalition to power, though with a greatly reduced majority. In the final days of a fiveweek
      Bloomberg  -  622 words
    • Article
      G-7 to discuss role of private investors in bailouts
      406 7  -  Reform proposals focus on openness, accountability From\ Leon Hadar in Washington FINANCE ministers and central bankers from the Group of Seven industrialised nations are meeting in Washington over the weekend to discuss ways to resolve the global economic crisis. The meeting
      406 words
    • Article
      Lock icon Miyazawa calls for market controls
      329 7 TOKYO Bloomberg JAPANESE Finance Minister Kiichi Miyazawa yesterday called for early imposition of new stock trading regulations, joining other Asian leaders seeking to control declining markets. Mr Miyazawa said he wants new rules on short-sell-ing to be imposed sooner than planned. A ruling party official
      Bloomberg  -  329 words
    • Article
      Lock icon 4 Indon state banks set for merger
      289 7 JAKARTA Bloomberg INDONESIA said it would merge four state banks in the next two years and inject 1.6 trillion rupiah (*****.6 million) into the merged bank as part of a plan to fix its devastated banking industry. The four banks will operate normally
      Bloomberg  -  289 words
    • Article
      Lock icon US job growth slows in Sept; jobless numbers up
      338 7 WASHINGTON Global crisis leads to lowest job growth in nearly three years Reuters US job growth slowed abruptly in September and the unemployment rate rose as the economy weakened under the strain of the spreading world financial crisis, the government said
      Reuters  -  338 words
    • Article
      Lock icon Bambang a suspect in bank probe: police
      165 7 JAKARTA Reuters INDONESIAN police said yesterday that one of former president Suharto's sons has officially been declared a suspect in a probe into alleged financial irregularities at a now-defunct bank. "It is now official that he has become a suspect," national police chief
      Reuters  -  165 words
    • Article
      Lock icon Economies in danger as stocks collapse
      546 7 LONDON Analysts concerned over cutback in consumer spending Reuters AS the bear market tightens its grip on the world's throat, analysts are raising concerns that the sheer destruction of wealth will worsen slumping economies and markets. The worry, especially in the United States, is
      Reuters  -  546 words
    • Article, Illustration
      Lock icon Philippine Airlines to fly again as union accepts no-strike deal
      457 7 MANILA Bloomberg PHILIPPINE Airlines' largest union overwhelmingly approved a 10-year labour agreement that will resurrect Asia's oldest carrier next week and may pave the way for the entry of new investors. The PAL Employees Association voted 3,247 to 1,794 to
      Bloomberg; AFP  -  457 words
    • Article
      Lock icon US has new loan plan for sick economies
      405 7 WASHINGTON Reuters AFX-Asia THE United States yesterday proposed a major new initiative to provide emergency funding for countries affected by global financial turmoil and help quell mounting upheaval in the world economy. Speaking just a day ahead of a key meeting of
      Reuters; AFX-Asia  -  405 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Pay up 10% in 7 days, Ardmore Park buyers told
      389 8  -  Sources say most of those who haven't paid Marco Polo are foreigners By\ Corinne Kerk [SINGAPORE] Marco Polo Developments has sent letters of demand to buyers of its prestigious Ardmore Park condominium who have not made the progress payment due
      389 words
    • Article
      Lock icon Hong Leong Asia included in ST Index
      244 8 The Straits Times [SINGAPORE] Building materials supplier Hong Leong Asia is to be included in the 55-member Straits Times Index from Monday, filling the vacancy created by the merger of component stocks Sembawang Corp and Singapore Technologies Industrial Corp (STIC). The merged company,
      The Straits Times  -  244 words
    • Article
      Leong Hin IPO 2.2 times subscribed
      181 8 [SINGAPORE] Construction equipment leasing company Leong Hin has chalked up a 2.2 times subscription rate for its offer of 3.6 million public tranche shares which closed on Thursday. The company said yesterday that the largest part of the offered shares, almost 31 per cent,
      181 words
    • Article
      Lock icon Binariang close to signing deal with British Telecom
      124 8 Reuters [KUALA LUMPUR] Malaysia's Binariang Bhd and British Telecommunications are close to finalising details of a proposed stake acquisition, Binariang's chairman was quoted by Bernama news agency as saying yesterday. British Telecom said in July it would buy a 33 per cent
      Reuters  -  124 words
    • Article
      Time mill tell Pidemco's OPH deal is profitable
      805 8  -  HOCK LOCK SIEW Catherine Ong PIDEMCO Land's move to provide what amounts to a guarantee to Orchard Parade Holdings (OPH) for the latter's new $90 million fund-raising exercise poses an interesting question: Is the governmentlinked company helping out because OPH is too
      805 words
    • Article
      China dept store operator to buy 55% of IMM Shanghai: reports
      563 8  -  Shanghai centre partly owned by GIC unit, S'pore's EMM By. Lu Ning [SINGAPORE] A listed Chinese department store operator has agreed to buy a 55 per cent stake in Yaohan's wholesale distribution centre in Shanghai, which is partly owned
      563 words
    • Article
      Sukamto pares Transmarco holdings
      419 8  -  By\ Louis Beckerling [SINGAPORE] The former controlling shareholder of retail group Transmarco, Sukamto Sia, has quit most of the remaining shares he holds in the company. The news came after the market closed yesterday and foUowed on a mystifying rally in Transmarco shares from 71.5 cents
      419 words
    • Article
      Lock icon MBf Finance goes for 'people's bank' image
      190 8 Bernama [KUALA LUMPUR] After being around for 30 years in Malaysia, MBf Finance Bhd is coming up with new commercials to reflect its latest image. It wants to be seen as a customer-friendly and progressive company specialising in retail financial services. In a
      Bernama  -  190 words
    • REGIONAL COMPANIES
      • Article
        Jui Lien's suspension sends Taipei market reeling
        670 9  -  Investors afraid Asia's problems have finally reached Taiwan's doors From Laurence Eyton in Taipei THE suspension of business operations by Taiwan's Jui Lien Group on Thursday led to a 3.9 per cent fall on Taiwan's stock market yesterday, with investors worried that Asia's
        670 words
      • Article
        Daimler sees steady growth in luxury car market
        364 9  -  Strong demand from US, Europe will offset Asian shortfall From Christopher Tan in Stuttgart DESPITE the Asian crisis, Daimler-Benz expects the high-end luxury car market to expand steadily and by 2005, will be nearly 20 per cent bigger than it is now.
        364 words
      • COMPANY Briefs
        • Article
          Lock icon MISC interim profit up 36% to RM322m
          49 9 Bloomberg [KUALA LUMPUR] Malaysia International Shipping Corp, the country's largest shipping company, said profit rose 36 per cent for the six months ended June 30 to 321.7 million Malaysian ringgit (SI142.6 million). Earnings per share rose to 32.2 sen from 23.3 sen.—Bloomberg
          Bloomberg  -  49 words
        • Article
          Director sella Parkway warrants
          53 9 [SINGAPORE] Parkway Holdings director Tony Tan Choon Keat has sold 105,000 Parkway warrants in two transactions in late September. The first sale of 5,000 warrants on Sept 25 was done at 90.128 each. On Sept 30, Mr Tan sold 100,000 warrants at $0.0925. He now holds
          53 words
        • Article
          Hai Sun Hup chairman ups stake
          56 9 [SINGAPORE] Hai Sun Hup Group executive chairman Ow Chio Kiat has bought 75,000 HSH shares at $0.3022, representing 0.02 per cent of the issued share capital of the diversified hotel and shipping group. Mr Ow now holds 141 million shares or 32.65 per cent
          56 words
        • Article
          ABE Hldgs director resigns
          22 9 [SINGAPORE] ABR Holdings director William Tan Leong Ko has resigned from his position with effect from Sept 30.
          22 words
        • Article
          SembCorp, STIC oat of DBS50 Index
          39 9 [SINGAPORE] Sembawang Corporation and STIC have ceased to be components of the DBSSO Index. But the merged entity of the two companies, SembCorp Industries, will be added to the index, along with Lindeteves-Jacoberg.
          39 words
        • Article
          SBS ends deal with Alcatel
          62 9 [SINGAPORE] Singapore Bus Services (SBS) has terminated its letter of intent with Alcatel AG for a pilot system for its new fleet management programme known as SBS On Time. SBS said this was because the development of the pilot system has not been to its
          62 words
        • Article
          Jacks Int'l half year profit down 51%
          89 9 [SINGAPORE] Net earnings of Jacks International fell 51 per cent to $646,000 for the latest half year ended July 31, 1998, due to losses by minorities and increased taxation. Taxation of $1.4 million was disproportionate to the results because losses in certain subsidiaries
          89 words
        • Article
          Lock icon Liang Court unit sells London hotel site
          58 9 AFX-Asia [SINGAPORE] Liang Court Holdings Ltd said it will record an extraordinary gain of £1.5 million (554.3 million) from the sale of a London hotel site by its subsidiary, Stanhope Investments. Stanhope sold the London hotel site at Cromwell Road to Fairbriar Project
          AFX-Asia  -  58 words
      • Article
        Lock icon Marriott's Q3 gain up 16%, confident about '98 target
        332 9 Reuters [WASHINGTON] Marriott International Inc, whose stable of hotels includes the Fairfield, Ritz-Carlton and Ramada, on Thursday reported a 16 per cent rise in its quarterly profit to US$B6 million (*****.9 million) and reiterated it was confident about meeting its earnings
        Reuters  -  332 words
      • Article, Illustration
        Lock icon Dresdner to seek NYSE listing in 1999
        281 9 Bloomberg [FRANKFURT] Dresdner Bank AG, Germany's thirdlargest bank, plans a listing on the New York Stock Exchange in the second half of 1999 to widen its shareholder base in the world's largest capital market, chief executive Bernhard Walter said on Thursday. Dresdner would
        Bloomberg; FILE PHOTO  -  281 words
      • Article
        Lock icon NYSE makes it tough for firms to give stock options
        428 9 Bloomberg [NEW YORK] The New York Stock Exchange made it tougher for listed companies to grant stock options to executives without shareholder approval. The new rule, which must be approved by the Securities and Exchange Commission before it takes effect,
        Bloomberg  -  428 words
      • Article
        Lock icon Boeing to pay US$10m govt charge
        211 9 Reuters [SEATTLE] Boeing Co will pay a US$lO million (SSI7 million) penalty to settle charges that it improperly transferred military technology to its Russian and Ukrainian partners in a commercial satellite venture called Sea Launch, officials said Thursday. The civil penalty was the largest
        Reuters  -  211 words
      • Article
        German software firm Brokat raises 80m marks from IPO
        397 9  -  Proceeds to be used for bnildiiig brand awareness in Asia By 1 Toh Han Shih [SINGAPORE] Brokat, the fast-growing German software firm in which Singapore government-linked fUnds have a stake, raised 80 million Deutschemarks (SsB2 million) from its initial public offer
        397 words
      • Article
        Lock icon Japan's August jobless rate climbs to post-war high of 4.3%
        697 9 Jobs-to-applic&nt ratio stayed at record low of 0.50 Bloomberg [TOKYO] Japan's jobless rate rose to a post-war high in August as companies shed workers amid falling profits, government figures showed. The unemployment rate climbed to 4.3 per cent, matching the
        Bloomberg  -  697 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Sakura, Deutsche Bank, Kokusai in tie-up talks
        503 10 Plans for a mutual fond company comes amid other similar industry alliances Bloomberg [TOKYO] Sakura Bank Ltd, Japan's fifth largest lender, is in talks with Deutsche Bank, Germany's largest bank, and Kokusai Securities to form a mutual fund company, the Sankei newspaper said,
        Bloomberg  -  503 words
      • Article
        Lock icon Japanese shipping zinc to S'pore
        459 10 Surplus output sent to IJIE warehouse as domestic demand slackens; traders Reuters [TOKYO] Japanese smelters, who have cranked up zinc exports to make up for slack domestic demand, appear to be shipping the metal to the London Metal Exchange (LME) warehouse in Singapore, traders said
        Reuters  -  459 words
      • Article, Illustration
        Lock icon US$ bearish against DM, SFr
        445 10 USS/m&rk: The greenback sank to a seven-month low against the Deutschemark this week, from a high of 1.6874 on Monday to trade at a low of 1.6435 yesterday morning. While some short-term correction is possible ahead of the weekend, the long-term outlook seems pessimistic for
        Source:  -  445 words
      • Article
        Lock icon Sumitomo signs US$600m credit line in Japan
        264 10 Bloomberg [TOKYOJ Sumitomo Corp, Japan's third-largest trading company, said it set up a credit line worth US$6OO million (Ssl billion) with nine foreign banks, as demand for foreign currency increases at home for companies expanding trade overseas. Under the loan commitment, Sumitomo can
        Bloomberg  -  264 words
      • Article
        Lock icon JGBs benefit from weakness in equities
        233 10 SI hi nil Report Reuters [SINGAPORE] Simex Japanese government bond (JGB) futures rose for the third consecutive day as worries about global equity weakness gave support to the bond market. But their gains were limited as traders turned cautious ahead of the Group of
        Reuters  -  233 words
      • Article
        Futures fall as global markets take a beating
        165 10  -  MSCI TAIWAN FUTURES Charlie Kuo service dealer, Refco Singapore THE Simex MSCI Taiwan Stock Index futures plummeted as European and American equities suffered severely dn Thursday. The October 98 contract feU as much as 10.8 points under heavy selling pressure from ING
        165 words
      • Article
        Lock icon Oil down on speculative selling
        275 10 ENERGY REPORT Reuters [LONDON] Battered world oil markets edged lower again yesterday after a heavy price slump on Thursday triggered by a wave of speculative selling by investment funds. London futures for November Brent blend crude limped nine cents lower at US$l4.OO a barrel by
        Reuters  -  275 words
      • Article
        Lock icon CURRENCY REPORT
        287 10 Reuters AFP Tiuulnii A ROUT in stock markets pushed the US dollar sharply lower yesterday, as investors took flight into safe-haven marks amid expectations of further US interest rate cuts to stem the tidal wave of global markets turmoil. The dollar suffered broadbased selling as investors concerned about
        Reuters; AFP  -  287 words
      • Article, Illustration
        Untitled
        1128 10 iHTmiBAMK CROSS EATBS fM a S» B» Hr. »B <m Wm m BMI, N» St tml itt lai tggg at A*** 22 6.T78 0.498 12M2 8l979 4312 (L— 1?M ?.>Q *■< OjiTo^i S?* JSSf 5JM 0.540 1540 LOW 5.003 ZlJh%Ml 0J69 1964 2.454 1285 35.002 ***** LOIS IMS 0376 &0M
        1,128 words
    • Article
      COMMODITY PRICES
      1637 11 SICOM FUTURES mi RU88CR (Mns ctotf* «t SMm) RSS1 CONTRACTS cwitiAO CtoM Votam Opwi MaWft t»» Sott (twwm) hrtfit Sw90 1 ttOs 1350 Oac* 123.00 1600 ***** 650 Fib 99 126.50 650 Mar99 126.75 650 99 129.75 1950 Mfrp99 134.25 150 OcVDK 99 ***** RSS 3 CONTRACT (US
      1,637 words
    • Article
      WORLD STOCK MARKETS
      2204 11 LONDON Industrials OdZ N«t 31 Croup *****0 -29.000 AB Port» 259.000 -3.400 Abday National 896.000 -51.000 AMad Domacq 396.200 -3.800 A mac 140.400 4.400 A sd* Group 173.000 1.600 BAT Ind 465.000 12.000 BG Pte 401.000 -4.000 BtCC 58.000 -1.400 BOC Group 708.000 -4.400 BRPatroWn 850.000 -17.400
      2,204 words
    • Article
      Lock icon TOKYO
      1606 11 Bloomberg Q Nikkei 225 +25J57 JAPAN'S stocks were mixed, as gains by banks and futures helped the benchmark index close higher after it briefly fell below 13,000 for the first time in more than 12 years. Bank of Tokyo-Mitsubishi Ltd led up lenders as traders who had been betting
      Bloomberg  -  1,606 words
    • Article, Illustration
      Lock icon JAKARTA
      672 12 AFP Q Composite Index -10.64 INDONESIAN share prices closed trading yesterday 3.9 per cent lower following a sharp fall on Wall Street overnight and weakness in regional markets, dealers said. "There was no protest today, no riots, no negative news... it is mainly an overreaction to Wall Street's fall,"
      AFP  -  672 words
    • Article, Illustration
      Lock icon BANGKOK
      760 12 AFP QSETlriex -191 THAI share prices fell 1.1 per cent yesterday in thin trade amid declines in markets around the region and after sharp corrections on Wall Street and in Europe, analysts said. A return of local retail investors was helping to prop up the Bangkok bourse, but was
      AFP  -  760 words
    • Article
      Lock icon MANILA
      258 12 AFP Q Manila -3L70 PHILIPPINE share prices closed 2.6 per cent lower in dull trading yesterday, weighed down by tumbling overseas markets and an increase in the reserve requirement for banks, brokers said. The Composite Index declined 31.70 points to 1,195.62. Volume totalled 397 million shares worth 557 million
      AFP  -  258 words
    • Article
      Lock icon SEOUL
      386 12 AFP flowptithiß +m SOUTH Korean share prices closed yesterday a scant 0.9 per cent higher on a technical rebound. Trade was very quiet ahead of a holiday weekend, with retail investors sparking bargain-hunting in laggard large caps and banks, dealers said. The banking sector led the gains on speculation
      AFP  -  386 words
    • Article
      Lock icon SYDNEY
      581 12 AFP PAD Ordinaries -36J PRE-ELECTION jitters and a sharp fall on Wall Street overnight conspired to pull Australian shares down 1.4 per cent yesterday, brokers said. The All Ordinaries Index fell 36.9 points to end at 2,532.3. The All Industrials closed 74 points down to 4,425.7 and the All
      AFP  -  581 words
    • Article
      Lock icon WELLINGTON
      238 12 AFP Q Wellington -213 NEW Zealand stocks were yesterday down 1.6 per cent on modest turnover, dealers said. The NZSE-40 Index lost 26.3 points to 1,668.24 on turnover of NZ564.6 million. Brierley Investments Ltd stood out among the losers, with a four-cent fall to 30 cents.— AFP wt 1
      AFP  -  238 words
    • Article
      Lock icon TAIPEI
      364 12 AFP QWPMei -***** SHARE prices plunged 4 per cent yesterday in banic selling triggered by the financial troubles of a local business group, dealers said. The Weighted Price Index fell 266.06 points to 6,436. "Investors feared that ULand business group is not the only one among the listed firms
      AFP  -  364 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares down amid global recession talk
        389 13 AFP D Composite Index -4L58 MALAYSIAN share prices ended 1.2 per cent lower yesterday due to increasing uncertainties over the global economy. "Trading was cautious and slow, but the general undertone was pessimistic. There is a lot of talk about a global recession. It
        AFP  -  389 words
      • Article
        Untitled
        7953 13 ■iMmmi CMHUMT pnAKtf 1996 Last Val Day Hal Cap MUfc Law Cswpany Sblp -000 High Law P/t twB 310 170 Ajinomoto 210 unch 2 210 210 H.6 85.1 148 35 Angkasa 55 unch 18 55 52 U 81.1 290 123 Apollo Food Hlg 184 -2 1 184 184 6.4 73.6
        7,953 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        2445 14 BONOS, LOANS t WARRANTS Last Vat Day Last Ouoti Avg Mgfc Law Mm Camaany lata *ar- COOO) High Law Buyar SaMar Mca 20 5 3 3160 A Aear ******1 US$ ~4 1 4 4 4 6 •5 S 3164 Acma ******4 6 unch 95 6 5.5 5.5 6 6 3161
        2,445 words
      • Article
        Petronas Gas wrt: appealing numbers
        193 14  -  WARRANT WATCH By. R Stvanithy IT'S a pity that Malaysia has currency controls in place which are keeping foreign investors out of the market. There are some quality issues north of the border which could really benefit from a wider investor base. One good example
        193 words
      • Article
        CLOB INTERNATIONAL
        211 14 Or Or 1998 LMt Vol on LMtOuoto Mv W* YH Mat M Cm Ht» LOW Stw Cmmm COOP) *H»> L— »«vw «—or Cw M 400 2S0 5123 COL (2000) HK 400 400 Ro 2.4 2.0 203 7744.7 5124 C«thoyP»c20cHK_720 265.0 2.1 7A 6.0 *****.4 5125 Choung Kong50c HK.
        211 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6065 15 Transaction date: Oct 2 Or Or M wt 1998 Last Vet Day Last Ouett ON W* YM Nat Cap Arg Hmi Lew »W«a Cm)WY Sato COOP) la» Bwyar lain Or P/l $nJl Price MUTI INOUSTVY 142 49.5 mt 1000 Acma 50c 56 cd unch
      6,065 words
    • Article
      SESDAQ
      1000 15 Or Or M Wt y«? 0«* La*tOuo». M* CMv YM Net C«» Avq Ciwtui MI *h rOOO) I—I L— —r»r 8—r Cw W %mrn Eric. 2 2 J £2? 1?* fl® f 945 66 68 MJ U 15.ON 7.0 U U 74 8 69 >2n 55! 1 47 47
      1,000 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        312 16 DBBBBB Stocks VotaiM STEngglOc 9,476.000 VanderHorst 5,004,000 Parkway Wt98 4,764,000 OUB Foreign 4,114.000 MS Foreign 3,555,000 Keppd Corp 3,042,000 Keppei Land 50c 2,841,000 DBS Land 2,390,000 Transmarco 2,137,000 SingTel 15c 2,060,000 Stocks DBS Foreign 21,887,830 STEngglOc 14,263,350 SPH 13,909,262 SU Foreign 12,968,228 OUB Foreign 9,543,870 City Dev 50c 7,147,880 (JOB
        312 words
      • Article, Illustration
        STI finds good support at 900 amid overseas falls
        640 16  -  STOCK MARKET COMMENTARY Little chance of recovery hot index manages to end at 899.99 points; brokers, however, not too optimistic abont next week By R Sivanithy [SINGAPORE] There was little chance of a recovery In local stocks yesterday after traders woke
        640 words
      • ON THE GRAPEVINE
        • Article
          Lilling, llling...
          50 16 ONE faithful reader of this column was quite intrigued by the fact that all senior managers of Sing Tel have surnames starting with an 'L\ a fact we highlighted here this week. "Is that why the phones in Singapore go Wiling, llllling, instead of rrrrring, rrrrring," he asked.
          50 words
        • Article
          Long arm of SBA
          70 16 YOU never know what can happen in a car park. The other day a motorist parked his car for just a few minutes. When he returned, there was a little blue slip on the windscreen demanding the payment of the vehicle's radio licence fee of $27
          70 words
        • Article
          Free cards but no forms
          175 16 CREDIT cards may be a good business for banks but at least one of them isn't in a hurry to tap this potential. A colleague hoping to catch the tail-qnd of OCBC's five-year free subscription for its Visa and Master cards found that the bank's
          175 words
        • Article
          in a hole
          153 16 LOOKS like the depressed stock market has spared few, not even the Singapore Island Country Club. It appears that the cash-rich club had $270 million in liquid fUnds as at the end of last June, of which about a fourth was placed with professional fund managers. "With
          153 words
      • Article, Illustration
        HOT STOCK
        51 16  -  -by Wong Wei Kong SINGAPORE Technologies Engineering fell seven cents to Sl4B yesterday on a volume of 9.48 million shares, compared to a 10-day average of 5.91 million shares. Technical readings suggest limited downside, with RSI and MACD indicators pointing to a period of base-building in the near
        51 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      44 8 The course of true love never did run smooth* With so many beauties on display in The Straits Times Classified daily, it's no wonder our readers are easily tempted. Advertise in the Vehicles section (Classifications 302 to 394). Call C.A.T.S. at 1800-737-1166. CATS j
      44 words
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      Page 8 Advertisements Column 2
      38 8 BUY it SELL;; FIND/, Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. .tin "Uffo 1800-737-1166 (•H Ufcr itwlu
      38 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      51 12 ♦The Hongkong and China markets were closed yesterday for a holiday l >f*V ~s J,• »jj i v i v. Theß 1/| 1. V"'! 111 I Vn/ K lftl > 1 l/Vy >■1I J /1 i I Cil, ***** II II AJULVvI. Xkv V \A\J XX I *V 'M V/A
      51 words
    • Advertisement
      Page 12 Advertisements Column 2
      18 12 CRISIS wSRST Mondays By Vikram Khanna Wednesdays By Yang Razali Kassim CHPIA waTCH Thursdays By Lu Ning TheßusinessTimes
      18 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      611 16 BUSINESS Sol it lo .I(l\t I list-t;ill lull lilt IXOO-741 ISS3 j IN THE MATTER OF ASIAN AVIATION PUBLICATIONS PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 17 Phillip Street, *05-01 Grand
      611 words
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      Page 16 Advertisements Column 2
      447 16 IN THE MATTER Of THE COMPANIES ACT (CAP. 80) AND IN THE MATTER OF CASTLE HILL INVESTMENTS PTE LTD ON MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING OF MEMBERS NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. SO, that a Final General Meeting of the
      447 words
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      Page 16 Advertisements Column 3
      225 16 IN THE MATTE! OT THE COMPANIES ACT, CHAPTER SO Ami IN THE MATTER OF KERRINGTON PTE LTD (la Member's Voluntary Winding-1 p) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 50 thai the Final General Meeting of the Members of the
      225 words
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      Page 16 Advertisements Column 4
      44 16 'J R W I I 9 Cairo or Congo. 1 I' "Sailing schedules to The African Continent. 24 hours a day in the Shipping Guide I Fax-On-Demand hotline 740 6000. 1 I J Another innovative service offered by ThkHisixkssTimks I I siiiPHNti Times 1
      44 words
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      Page 16 Advertisements Column 5
      42 16 r BUY it SELL?; FIND it Classified ads are purr... feet for finding lost little kittens. No matter what it is, you can always buy it, sell it or find it with the Classified. to 11 1800-737-1166 C«ll TW«r f»i Ittilli Itßirri*
      42 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon The party's over for expats
      1781 17  -  Recruitment firms say there are fewer incoming foreigners and cushy allowances are being terminated, reports tan su ten TAN SU YEN AT Steeples Deli in Tanglin Shopping Centre on a weekday afternoon, an expat wife sips her iced tea "lemon, no syrup"—and says to her
      PHOTOS: ARTHUR LEE, FILE  -  1,781 words
    • STRAWS In The Wind
      • Article
        Airbus: the land kind
        73 17 THE local office of European airplane maker Airbus Industrie apparently gets several calls a day inquiring about bus services as people confuse it with the Airbus service that runs between the town and the airport. The office now supplies callers the correct number for the bus
        73 words
      • Article
        A whiff of history
        86 17 WANT to know how Napolean and Cleopatra smelt? Well, now you can. The National Geographic got chemists to reconstruct the fragrances these flamboyant historical figures used, and put them in scratch-and-sniff panels in their October issue. You'll also find out that Napolean kept a flask of
        86 words
      • Article
        Taking the plunge
        65 17 Speaking of boats, a recent boating magazine survey in the US found out that 13 per cent of boat owners wouldn't jump overboard to save their spouse. However, 25 per cent would dive in for a hat. Perhaps these boaters are suffering from a rare disorder that
        65 words
    • VIEWPOINT
      • Article
        Don't go overboard on Saving Private Ryan
        782 18  -  Off the Cliff by The really scary thing about this excellent film is that, despite the many history books, modern culture requires a movie to bring home the lessons of WWII by Jaime Ee I'VE just been to see Saving Private Ryan. I
        782 words
      • Article, Illustration
        Lock icon The man who fashioned an eye for the ocean
        1222 18  -  Greg Marshall, the National Geographic marine biologist who developed a filming device that can be attached to sea creatures, talks to parvathi narayak about the Crittercam and the fascination that propels his work PERVATHI NARAYAN looked up and saw a seven-foot
        CHRIS LOH  -  1,222 words
    • PURSUITS
      • Article, Illustration
        The changing shape of S-E Asian art auctions
        865 19  -  Two sales this weekend feature lower estimates and new categories, reports gT if jay SEAM JAY THE autumn round of art auctions is looming, with many art watchers wondering if the success of the May season in the midst of the economic
        865 words
      • Article, Illustration
        Lock icon Get a piece of the mezza9
        436 19  -  HOUSEHOLD Souvenirs from the popular restaurant are now for sale By, Jaime Ee IF you've been wowed by mezza9, the hip and happening restaurant at the newlycrowned Grand Hyatt, you'r*» not alone. Even on a Monday night when most other restaurants are wondering whether
        PHOTOS BY SIEW YAW HOONG  -  436 words
      • Article, Illustration
        A ground-breaking sale of Chinese ceramics
        247 19 ALWAYS keen to be the first to supply market demand, Christie's will be holding Singapore's first auction of Chinese ceramics and works of art. Buyers have had to trek up to Hongkong to bid for them previously. A wide selection of Chinese ceramics and
        247 words
      • Article, Illustration
        Globe trotting in search of rare plants
        813 19  -  GARDENING By. Ronnie Lim (SINGAPORE! Forty-five minutes out of Bangkok, and after a few wrong turns, we round a bend to find the serene oasis of Mr Surat's suburban home. Shielded from the harsh Bangkok sun by an overhead mesh net, his garden
        813 words
    • Article, Illustration
      Lock icon Money matters behind Eyes Wide Shut
      833 20  -  CELEBRITY The cost of the Stanley Kubrick movie, which took a phenomenal 18 months to produce, is a secret, bnt the director's frugality should come in handy By Claudia Eller LAT JUST how much money Stanley Kubrick's psycho-sexual drama Eyes Wide Shut, starring Tom
      LAT  -  833 words
    • Article, Illustration
      Musing about the watchers and the watched
      640 20  -  CINEMA The Truman Show offers delicious plot details in a world within a world, and throws np questions on voyeurism and control By Parvathi Narayan YOU'VE had this permanent prickle at the back of your neck and the conviction that someone's watching you
      640 words
    • Article, Illustration
      Lock icon (Screen) size doesn't matter to this man
      529 21  -  CELEBRITY Veteran director John Fr&nkenheimer has mastered movies and TV By i Chris Kaitenbach LAT-WP JOHN Frankenheimer doesn't see why more directors haven't split their time between movies and television. He has, with impressive results, including a string of Emmys and a handftil
      LAT-WP  -  529 words
    • Article, Illustration
      WHAT'S ON
      437 21  -  Compiled bfy M Yasotha ™~"MUBic Vertavo String Quartet Founded in 1984, the quartet is now one of Europe's most outstanding string quartets. Programme includes Huge Wolf s Italian Serenade, Edvarg Grieg's String Quartet in G minor and Brahms' String Quartet in C minor. Oct 4, 7pm at DBS
      437 words
    • EPICURE
      • Article, Illustration
        Lock icon Quintessentially French
        665 22  -  From the food and service to the ambience, L'Angelus provides a haven for homesick French, says jaikbee JAIME EE AS far as French restaurants go, I would think that L'Angelus comes closest to recreating a bit of French bistro flair, from the food right down to the ambience.
        SIEW YAW HOONG  -  665 words
      • Article, Illustration
        Generation-X Coffee Club
        117 22 CRAVINGS COFFEE Club has come up with an answer to Starbucks. Coffee Club Xpress, a younger, more casual and highly imaginative version of Coffee Club, opened last week at The Paragon. The National Library outlet has also adopted this new concept. While Coffee Club regulars sip their
        117 words
      • Article
        Fill up at Borders
        65 22 BORDERS Books reopens its cafe, now called Cafe Borders after extensive renovations. The cafe is now larger and die menu jazzed up. Go for breakfast—there's American, Continental or Borders Special, or just stuff yourself with the house specialty hoagies. The Classic Italian Hoagie is a concoction
        65 words
      • Article, Illustration
        A collection of dishy tunes
        94 22  -  Compiled by Tan Su Yen Top Sydney chef Neil Perry has joined hands with Warner Classics Australia to produce Cuisine Classics, a collection of music to cook by or to play when dining. There are four CDs Italian, Asian, Seafood and Dessert, each accompanied with
        94 words
      • Article, Illustration
        Lock icon Unexciting, with one big exception
        609 22  -  RESTAURANT Try the beef steak tartare at Lucerne By-The-River By\ Rahita Elias THE interior of Swiss restaurant Lucerne By-The-River looks almost like a playschool. Its interior walls are adorned with snow-capped mountains against a picturesque starry turquoise-col-oured sky. Overhead, little model biplanes sway gently, adding
        CHRIS LOH  -  609 words
      • Article
        An offering of German treasures
        799 22  -  WINE CONNOISSEUR A group of top wine growers in Germany auctioned their best offerings from 1997 By. N K Yong THE Grosser Ring, as the association of the top wine growers in the Mosel-Saar-Ruwer region of Germany is called, holds an auction of its immediate
        799 words
      • Article, Illustration
        Lock icon Claiming a share of the river for $20m
        498 22  -  PROMOTION Byy Corinno Kerk THERE'S never a better reason to do a make-over than when your neighbours are looking better than you and it's hard getting any attention. And when it's a 12-year-old building sandwiched between Boat Quay and Clarke Quay, the
        SIEW YAW HOONG  -  498 words
    • Article, Illustration
      CINEMA
      751 23 •The Big Hit. Mark Wahlberg is a professional hitman, but outside his job he is a softie who just wants to be liked. Hongkong director Che-Kirk Wong's Hollywood debut also stars China Chow and Lou Diamond Phillips. Lido, Changi, Choa Chu Kang, Chinatown, Jurong, Hougang, Woodlands. Century, Republic, Toa
      751 words
    • Article
      ENQUIRIES AND BOOKINGS
      119 23 Cathay Org Cattiay 338-3400 Eastston 346-1816 Orchard 235-3386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whrtesands 585-1782 Ooldsn Vitlaga 1900-912-1234 332-6098 for group bookings wheelchair facilities Bistan Boon Lay Marina TampinesB Tongßahru Yishun OvtTMM Movi* Clement i/Co'wealth 777-0669 Golden/New Town
      119 words
    • TRAVEL
      • Article, Illustration
        Golden opportunities for fun
        827 24  -  Australia's Gold Coast offers a dazzling variety of entertainment catering to all kinds of visitors, from the sun-and-surf worshipper, to the shopaholic and nature buff. Little wonder then, that sob tiajto kemg finds it remains a favourite holiday destination with Singaporeans, despite the economic downturn SOH
        827 words
      • Article, Illustration
        Lock icon Arthur's Pass: an earth-shaking place, literally
        859 24  -  Parts of the earth's crust collide at a peaceful spot in NZ By John Westbrooke FT NEW Zealand is a tectonic treat, a long, thin country created as the Indo-Australian and Pacific plates push each other upward. But who would have thought that not
        FT; FILE PHOTO  -  859 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      22 17 KJm 1 People 9SBfi| PI Greg Marshall on A a device that 1 offers new iHBKByk 1 marine insights el 3 ■UK
      22 words
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      Page 17 Advertisements Column 2
      120 17 Travel Golden opportunities for fun EL 8 IMtI *1 jfy Jfcj* > Sjflr y x f j y s HHBa \1 f' >Jtflnfl ft, s. 1 j»f SmQEBBM MM X Tk^gl' Kk jffWVfl jp lL 1 WlWi jrf® 4 w *lP" %T t v and we'll help you enhance your
      120 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      47 20 Make mountains out of molehills. With so many fine educational and upgrading 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 703 to 794). Call C.A.T.S. at 1800-737-1166. CATS
      47 words
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      Page 20 Advertisements Column 2
      47 20 uSmmm i^t Hp IrtEVTr"*"-- L g£*+^rki'■ n'n tu*7i i,m Mondays W. fb f t|p f*V Crisis Watch by Vikram Khanna TheßusinessTimes iNOAPoat. y. i V*. v, ;_i-> t •i> < Lw 1 •*!s* x Buy It. Sell It. Find It. Classified. 0 Call Today For Results Tomorrow. 1800-737-1166
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  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      215 20 CRYPTIC CROSSWORD 7 Offer pals poor exchange (8) 9 In winter miners need coats sand is returned (6) 14 Ugly things have a point cer- IST H| Bj| fINHHBHB tainly or points (8) 17 The appearance of a page in 23 A fighter can't accept being LJ—■J Ihibhl —(■■■■l checked
      215 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      300 21 Where to wine, dine and entertain...^® "lunch" is the best for lunch and High tea roiled into one. Which means longer serving hours and even more scrumptious spreads. Saturday, Sunday Public Holiday "lunch" 12 noon spm £15.80 (Adult) £11.80 (Child) Tunch Karaoke 3pm Bpm *21.80* (Adult) 17.80* (Child) Imrlmin* ajome
      300 words
    • Advertisement
      Page 21 Advertisements Column 2
      117 21 EATJV jSk TO KOH SAMUI, THAILAND! r\M with every order of our award-winning Chicken Rice Jkat Chatterbox Coffeehouse, the Chicken Rice Capital at the Wartd. TM 31 October 1998 only. Hurry! ApttetXOf rvCoffeehouse let floor XJJ Orchard Road, Singapore 258X67. Tel: *****11 Fax: *****61 spm to Bpm daily Buy draft
      117 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      2157 23 TODAY'S TV RECOMMENDED TOWING Premier* 12 400 tv'S?™™.?™?' 10.00 AM Response TV. TV Initoviitions. Plflnninfftn Mrs.Tayof GrowingUp JETTST,., coo See Sunday s Schedules. rianmngio chats with Gurmit. mxßßm n—aiiww get hitched 100 spons: worm soccer fs £;;i vlnnoV 0 s The Flv 11 Dm Ch 5 Show: Highlights of the
      2,157 words
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