The Business Times, 10 October 1998

Microfilm: NL21344
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Masthead
    15 1 MITA(P) 110/12/97 S.BSC The Business Times SIN GAPORE Internet: http://business-times.asial.com.sg/ WEEKEND EDITION, OCTOBER 10-11, 1998
    15 words
  • Article
    MARKET SUMMARY
    61 1 DnUS (+25.69) wmvr-sai LJ44La5(+9.64) BT COUP 77M4 (-1-31.85) SIIISCI FUTURES 148J0 (+1.30) STOCK MAHBTIHMCEB Friday Change KLSECOMP S718____.-t.77 NIKKEI lW7*f7__-MMI HANG SENG &M8.79 +M7J8 SET INDEX mil +718 JAKARTA COUP _JHM +112* MANILA COUP —1*1* +MJ6 TAIPEI WF! UM4.17 KM SEOUL OOMP S7JC +H.74 CLSA CHINA B MM
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  • Article
    FINANCE
    76 1 FOBEX RATES OS S» OK LU48 £(US»/SSper£) L7#4 Ml m 1. oo 1.011 w 118.1 1JM* tt UN MM HIS 7.747 till ■AST KM AM WPUI UM— 0.118 •stmmimMi PMMEIATES SWOAFOBF 7M KOALA LUMPUR ltM JAIARTA MM BANOMK 14.71 MANILA JIM HONGKONG 10 23 TAIPEI.. 8LM SYDNEY L__ Ml
    76 words
  • Article, Illustration
    Lock icon More wild forex swings feared as hedge funds take cover
    714 1  -  Tiger Fund takes USs2b hit from greenback's 10-yen drop on Wednesday By\ Larry Wee [SINGAPORE] After the unprecedented volatility of the yen in the last few days, currency traders are bracing themselves for further bouts of wild currency swings next
    Source: Bridge  -  714 words
  • Article, Illustration
    Lock icon Cash to ash
    73 1 [SINGAPORE] This is a painting that seems to describe the bombed-out economies and burnt-out currencies of our time. That may not have been the intention of the artist Tiara Guay when she painted "Ash to cash, cash to ash two years ago. But if it was; then
    ARTHUR LEE  -  73 words
  • Article
    PSL stuns with 57m shares traded
    350 1  -  Shares close 40% above issue price on first trading day By\ Eugene Low [SINGAPORE] It was deja vu when PSL Holdings debut on Sesdaq yesterday with 57 million shares traded to close at 21 cents, 40 per cent above its offer price of 15
    350 words
  • Article
    A new way to calculate your vehicle's prevailing quota premium
    393 1  -  By" Christopher Tan [SINGAPORE] In what could be the first of several wideranging changes to the COE system for motor vehicles, the Land Transport Authority yesterday revised the formula for calculating the prevailing quota premium. The formula, previously based on
    393 words
  • Article
    HK stocks surge 7% as region rallies
    417 1  -  By: R Sivanithy [SINGAPORE] Regional stock markets rose smartly vyesterday, led by a 7 per cent surge in Hongkong. Stiffened by the promise of lower global interest rates, investors shrugged off worries about Japan and weakness in US equities. The Straits Times Index
    417 words
  • Article, Illustration
    Lock icon S'pore prime rate could hit record low of 4% next year
    616 1  -  By\ Siow Li Sen {SINGAPORE] At the pace that interest rates seem to be going down, Singapore's prime rate could hit 4 per cent next year, a record low which will probably do the trick of helping the economy
    Source: Parte Asa Equity  -  616 words
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      78 1 111 HIDE Ly/>3 Hl m ■BHp St SCI I are dSBB Dividend talks There are many reasons why Singapore stock market investors will need to refbcus on divi- dends, Pf 4 C free market Singapore remains committed to the free market system notwithstanding the present economic difficulties, said Deputy Prime
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      Page 1 Advertisements Column 2
      9 1 Surge in medium, luxury, open COE categories, Pg 2
      9 words
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      Page 1 Advertisements Column 3
      69 1 No plans to intervene in forex market for now: Miyazawa, Pg 6 Dollar's slide ups pressure for G-7 action, Pg 9 Tiger funds lose 9% in net assets, Pg 12 The sensation of time CONCORD. CONCORD Watchmakers Snce 1908 VENETO Time as a iCJ V > jHv 1 "/K tOUCII.
      69 words
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      Page 1 Advertisements Column 4
      4 1 Market reports, Pg 14-18
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon S'pore will stick with market-friendly system
      511 2  -  S'pore mast differentiate itself from neighbours, BG Lee tells US press Reports by( Conrad Raj SINGAPORE remains committed to the free market system, notwithstanding the present economic difficulties, Deputy Prime Minister Lee Hsien Loong has said. In an interview with several American journalists in
      FILE PHOTO  -  511 words
    • Article
      COEs surge in medium, luxury, open categories
      477 2  -  By^ Christopher Tan FUELLED by price cuts and heavy promotions, two car COEs and the open category chalked four-figure rises for the November tender. The medium category, which accounts for the bulk of Certificates of Entitlement, posted the biggest increase of $2,408 to
      477 words
    • Article
      War with neighbours? It's not that kind of situation: BG Lee
      277 2 SINGAPORE'S current differences and problems with Indonesia and Malaysia are unlikely to develop into a military problem. "It is not that sort of situation," Deputy Prime Minister Lee Hsien Loong told several American journalists in an interview which also
      277 words
    • Article, Illustration
      Lock icon Indon, M'sian leaders not attending WEF's summit
      524 2  -  KL's capital controls expected to be hotly debated By i Catherine Ong POLITICAL leaders from Indonesia and Malaysia are noticeably absent from this year's World Economic Forum (WEF) East Asian summit despite the intense discussions expected to take place on the regional financial
      CHRIS LOH  -  524 words
    • Article
      Asia less risky now, SM Lee tells Germans
      323 2  -  By Chuang Peck Ming ASIA is less risky a place to do business now than when the region was booming because investors' worst'fears have already materialised today, Senior Minister Lee Kuan Yew told Gerranan industrialists on Thursday. Speaking at the Dussel dorf
      323 words
    • Article
      Parliament to discuss Clob, oil prices
      277 2 THE impact of ending trading of Malaysian shares on Clob International and of Malaysia's capital controls, and the issue of oil prices will be discussed in Parliament on Mon day. Members of Parliament have submitted a total of 47 questions on various topics for
      277 words
    • Article
      New Supreme Court: Colombo Court to go
      364 2 New complex should be ready by April 2001 COLOMBO Court a familiar landmark in the High Street area will soon make way for a new $200 million Supreme Court complex. The Supreme Court Registry said yesterday the building and an adjacent L-shaped carpark
      364 words
    • Article
      LKN project draws strong response
      227 2 With a $388 per square foot (psf) average selling price, Sunshine Lodge, a freehold apartment project along Upper Serangoon Road, has secured buyers even before its official launch today. Melvyn Lu, project manager for marketing agent HSR International Realtors Pte Ltd, said response to Sunshine
      227 words
    • Article
      Perkin-Elmer investing $10m
      189 2 PERKIN-ELMER, a US-based manufacturer of life science systems and analytical instruments, is investing $10 million in its Singapore operations over the next four years. At the official opening yesterday of the local manufacturing facility, Choy Kem Wah, director (Singapore manufacturing), said PerkinElmer Singapore will reap a turnover
      189 words
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  • WORLD ECONOMY
    • Article, Illustration
      Lock icon Hollow triumph for IMF/World Bank
      1268 3  -  The contrast between the mood of self congratulation in the meeting halls and the bleak events in the real world could not have been more stark By. Anthony Rowley [WASHINGTON] THE Washington annual meetings of the IMF and World Bank ended on Thursday on a
      REUTERS  -  1,268 words
    • Article
      Lock icon New enemy: spiralling deflation
      1267 3  -  Worldwide approach needed to avert a global recession By] Robert Reich LAT-WP ECONOMIC policymakers have been fighting the last war so long, they can't see they're entering a different battle on the opposite front. The old war was against inflation. It shaped the fears of those
      LAT-WP  -  1,267 words
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      Page 3 Advertisements Column 1
      31 3 Strait Talk TheßusnkssTmes Shipping Times JP' M'; Feeling out of your depth; when it comes to aquarium care? Keep afloat with Aquariums, every Saturday in o The Straits Times Classified. cats,
      31 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        537 4 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, Deutsche Morgan Grenfeil, Fraser, GK Goh, ING Baring, Kay Hian, Kim Eng, Merrill Lynch. DBS Bank (Ml Foreign tranche) Indosuez WI Carr, Oct 8, $7.50 We remain negative on bank stocks
        537 words
      • Article, Illustration
        In My Opinion
        459 4  -  Paul Sohymyck Executive director and regional economist for Asia r.nwaiUpw Imperial of Commerce. 44TTT HILE the region l/V is truly in recesf f sion, some of the downturns could be overly exaggerated. Recoveries for these economies are therefore likely to surprise many investors. Take Indonesia. If we
        459 words
    • Article, Illustration
      Lock icon Focus on dividend yields
      465 4  -  They are likely to be the only source of earnings for the foreseeable future with capital gains no longer plentiful By I Shiv Taneja [SINGAPORE] Dividend and dividend yield are concepts local investors had better get familiar with they are likely to be the only source
      Source: DATA  -  465 words
    • Article
      Calculating yields
      98 4 DIVIDEND payout is the distribution erf part of a company's earnings to its shareholders. The dividend is normally expressed as an amount per share on the par value of the share. Thus a IS per cent dividend on a $1 share will pay 15 cents per share. However,
      98 words
    • Article, Illustration
      Lock icon How many funds should you own?
      649 4  -  While there is no optimum number, diversification is a desirable concept By] Ben Fok The writer is a manager and fund specialist with Fraser Securities [SINGAPORE] Many investors are now famUiar with unit trusts as a form of investment. However, faced with over a
      FILE PHOTO  -  649 words
    • Article
      Unit trust performance ranking
      1636 4 Next publication date. November *****8 «ASm 90/91/17 mjStm mmJS ""Sr tmlXi mm*• ""aSr lUMf m it Ba» M, luUw u it h) M, W» MM OCBC SO-Shnr* Iain 0H)2 1975 7M 494 -24M 4927 -3496 4498 Cltteslm Enhanced Orewth 8606/1968 -1.18 1 -1024 1 -> Nicholas-AppteflBte
      1,636 words
    • Article
      A second chance to win unit trusts
      289 5 THE GAME OVER the past three months, stock markets in the region and the rest of the world, for that matter have bounced around all over the place. And in just over three weeks, we will find out which players in The Game
      289 words
    • Article, Illustration
      Lock icon Whither disk drive stocks?
      668 5  -  One analyst recommends a buy, another suggests things may not be so rosy By I Shiv Taneja [SINGAPORE] A MASSIVE consolidation in the disk drive industry has presented investors with a buying opportunity in disk drive-related stocks. Or so says Keppel Securities' analyst Edwin Goh, who
      Source: Keppel Securities; Source: Bloomberg; FILE PHOTO  -  668 words
    • Article, Illustration
      Lock icon Fund profile
      333 5 Source: Investment Objective To maximise medium to long term capital growth by tapping opportunities in the global bond market. Investment Style The focus is on capital gains from interest rate movements and currency allocations. At the same time, the fund avoids taking exposure to credit risk. Fund Manager's
      Source:  -  333 words
    • Article
      Qualifying funds – The Game
      1131 5 Qualifying funds The Game no uMrmsrwME 3YRS US* HR RETURN RETURN CM RfflO 1 AUmJaeflAetenrtaUtausneFiart m n/a a n/a 2 08 GMiel Bond Fund 17.65 3161 A 1.77 3 DBS <i«<un gjiwwlc Bam fttal 31.86 N/A A N/A 4 DBS Shenton Income Fund 2.51 19.17 A 1.54 5 Fwe AnuwtAsian
      1,131 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      4 5 STANDARD CHARTERED INVEST ""Game
      4 words
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      Page 5 Advertisements Column 2
      288 5 Sound Us Out First ATLAS HI-FI PTE LTD «01 -116/124 Suntec City Mall {Tower T,vol Tel 339 0966 Fax: 336 4678 "•■Gametjjl entry (orm Full Name jDr [JMr C Mrs f LjMdm I (As n NRtCJPmsaport. Eg ptaHundvfNWWN|| I 1 j Standard Charted Bank and The Buainees Time* «*Blgiwe I
      288 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Jakarta seeks IMF, World Bank views on capital flows plan
      244 6 It wants to ensure proposed monitoring system will work AFP [JAKARTA] Indonesia is consulting the International Monetary Fund (IMF) and the World Bank on a proposed new system of monitoring capital flows, the top economics minister said yesterday. "We want
      AFP  -  244 words
    • Article
      Hang Seng soars 7% to break 8,500 level
      540 6  -  Market up on talk of rates easing but HE hankers not moved From* Quak Hiang Whai in Hongkong THE Hongkong bourse yesterday put on its best performance since July 21 when it burst through the 8,500 barrier on widespread expectations of interest
      540 words
    • Article, Illustration
      Lock icon No plans to intervene in forex market for now: Miyazawa
      645 6 Erratic movements troublesome, but will eventually calm down, he says Bloomberg AFP [TOKYO] Japanese Finance Minister Kiichi Miyazawa said Japan has no plans at the moment to step into the foreign exchange market, following the dollar's plunge against the yen
      Bloomberg; AFP  -  645 words
    • Article, Illustration
      Lock icon Nikkei plunges to 13-year low
      406 6 Bloomberg AFP [TOKYO] Tokyo stocks kept tumbling to close at their lowest level in nearly 13 years yesterday as investors dumped international blue chips, fearing that the surging yen will slash their profits, brokers said. The key Nikkei average fell 1.1 per cent as dozens
      Bloomberg; AFP; Source: Bloomberg  -  406 words
    • Article
      Lock icon LDP unveils 50t yen bank bailout plan
      419 6 Move matches opposition demand for injection of funds AFP [TOKYO] Japan's ruling party stepped up its plans to prop up weak banks yesterday, saying it was planning a 50 trillion yen (***** billion) bank bailout fund. The move comes close to meeting a
      AFP  -  419 words
    • Article
      Lock icon Japan life insurers at risk as equities collapse: Moody's
      314 6 Increasing defaults will hart insurers' loan portfolios AFX-Asia [HONGKONG] Moody's Investors Service has expressed concerns about the deepening problems of Japan's financial markets particularly its declining equity markets, increasing levels of non-per-forming assets and their potential blow to the credit quality
      AFX-Asia  -  314 words
    • Article
      Lock icon S Korean shares shoot up on firmer yen
      295 6 AFP [SEOUL] South Korean share prices shot up 7.45 per cent yesterday as foreign investors and institutions were spurred by the strengthening yen and falling interest rates, dealers said. The upturn was led by large caps in electronics, heavy industries and automobiles
      AFP  -  295 words
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  • THE REGION
    • Article
      Lock icon Indon govt finds evidence of graft in Pertamina deals
      443 7 JAKARTA Projects involving 159 Snh&rto-linked companies may be renegotiated Reuters INDONESIA said yesterday that it had found evidence of corruption in deals between state oil firm Pertamina and 159 companies most linked to the family and friends of former President Suharto
      Reuters  -  443 words
    • Article
      Lock icon Suharto not a suspect in graft probe, says his lawyer
      208 7 JAKARTA Reuters INDONESIA'S former president Suharto is not a suspect in an official probe into possible corruption because no proof can be found of wealth allegedly hoarded abroad, Mr Suharto's chief lawyer was quoted as saying yesterday. "How can he
      Reuters  -  208 words
    • Article
      Lock icon PAL needs 9b pesos in new capital to get back in shape
      306 7 MANILA AFP PHILIPPINE Airlines (PAL) needs nine billion pesos (***** million) in new capital to resume normal operations after various disruptions, top officials were quoted as saying yesterday. The Manila Bulletin newspaper quoted Philippine Finance Secretary Edgardo Espiritu
      AFP  -  306 words
    • Article
      Lock icon Y2K bug: KL mulls more funds for public sector
      114 7 KUALA LUMPUR AFP MALAYSIA is mulling additional funding for vital public sector services to combat the millennium bug, Bernama news agency reported yesterday. National Y2K Task Force chief Nuraizah Abdul Hamid said the government may recommend additional funds for basic services
      AFP  -  114 words
    • Article, Illustration
      Lock icon Taiwan passes bill to phase out provincial govt
      265 7 TAIPEI Reuters TAIWAN'S parliament passed a controversial bill yesterday to gradually phase out the island's provincial government over the next two years, lawmakers said. "With the majority voting in support of the bill, I hereby announce the passage of the provincial government
      Reuters; AFP  -  265 words
    • Article
      Lock icon Taipei restates China union goal
      154 7 TAIPEI Reuters TAIWAN yesterday restated its goal of eventual union with mainland China but made clear it would not negotiate away its core principles of democracy, freedom and equitable prosperity in looming talks. "We are committed to the ideal of democracy, freedom and equitable prosperity
      Reuters  -  154 words
    • Article, Illustration
      Lock icon Lawyers meet Anwar in cell
      410 7 KUALA LUMPUR Police warn against illegal gatherings in KL, Penang Reuters AFP LAWYERS for sacked Malaysian minister Anwar Ibrahim met him in his police cell yesterday to prepare his defence against charges of sodomy and corruption as studehts staged a protest in his support. Three
      Reuters; AFP  -  410 words
    • Article
      Lock icon Don't interfere, KL minister tells foreign, countries
      167 7 KUALA LUMPUR Bernama MALAYSIAN Foreign Minister Abdullah Ahmad Badawi yesterday called on other countries not to interfere in Malaysia's internal affairs by supporting the actions of a group of Malaysians who run down their national leaders abroad. "We have already told these countries
      Bernama  -  167 words
    • Article
      Lock icon KL's 10th monthly trade surplus shows robust exports
      518 7 KUALA LUMPUR Rise in electronics exports a strong factor: analysts Bernama MALAYSIA'S 10th straight month of trade surplus recorded in August 1998 shows that its export activities are still robust, said analysts. The country recorded a trade surplus of RM6.3 billion (552.7
      Bernama  -  518 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      165 7 CRYPTIC CROSSWORD 29 To view round restful (6) 30 Lack of generosity can get a land (4) 27 Gamble with a Greek characgirl into trouble (8) 7 Returned plate for dog, per- ter (4) 31 Plant in which many a cut's haps (6) made (6) 8 Appear ambivalent, as the
      165 words
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  • REGION
    • Article
      China think-tank urges govt not to devalue yuan in 1999
      386 8  -  Keeping currency stable vital for global economic health By Lu Ning [SINGAPORE] An influential Chinese economic think-tank has urged the Chinese government to stick to the current exchange rate policy and not devalue the yuan in 1999 in the interest
      386 words
    • Article, Illustration
      Lock icon Blair urges rapid steps to tackle global crisis
      500 8  -  He suggests devising new rules, codes of practice for world financial markets From Loh Hai Yin in Hongkong BRITISH Prime Minister Tony Blair has called for rapid and imaginative measures to deal with the global financial crisis, and said that any effort
      REUTERS  -  500 words
    • Article
      Lock icon Shanghai assures UK of key role in river clean-up
      171 8 SHANGHAI AFP SHANGHAI mayor Xu Kuangdi has signalled in talks with Prime Minister Tony Blair that Britain will get a key role in a 40 billion yuan (557.9 billion) river clean-up project here, the official Wenhui Daily reported. Mr Xu was
      AFP  -  171 words
    • Article
      Lock icon Aussie growth will halve in 1999: JP Morgan
      346 8 SYDNEY It sees rise in unemployment, interest rates falling AFX-Asia THE Australian economy will see a SO per cent fall in growth next year along with a substantial cut in interest rates, according to JP Morgan Australia. "Given the very high correlation
      AFX-Asia  -  346 words
    • Article, Illustration
      Lock icon Praise from Japan, S Korean media, scorn from Pyongyang
      413 8 HUH DAE JUNO'S VISIT TO TOKYO AFP [TOKYO] South Korean President Kim Dae Jung was heaped with praise and scorn yesterday as he neared the end of a landmark visit to resolve historical Tokyo's harsh 35-year colonial rule over Korea. The
      AFP  -  413 words
    • Article
      Lock icon Japan still in slump, conditions worsening, says EPA
      281 8 TOKYO Reuters JAPAN'S economy remains mired in a slump with "extremely severe" conditions, the Economic Planning Agency said yesterday, maintaining its basic economic assessment in a regular monthly report. An agency official said capital spending had weakened and sentiment had worsened due
      Reuters  -  281 words
    • Article
      Lock icon New HK bill paves way for euro
      127 8 HONGKONG AFP HONGKONG yesterday gazetted a bill for legislative approval next month to pave the way for the Jan 1 launch of Europe's single currency. "As an international financial centre, there is a need to introduce specific legislation in Hongkong, as in the
      AFP  -  127 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      1195 8 ST CAPITAL LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE is hereby given that an Extraordinary General Meeting of the Members of ST Capital Limited (the "Company") will be held at Conference Room 2, 79 Robinson Road #30-00, CPF Building, Singapore *****7 on 26 October
      1,195 words
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  • THE WORLD
    • Article
      Lock icon Dollar's slide ups pressure for G-7 action on crisis
      607 9 LONDON Volatility unprecedented in recent years, dealers say Reuters ALARM bells rang across the world's financial markets yesterday after a dramatic drop in the US dollar piled pressure on governments to tackle the most bewildering twist in the global economic turmoil.
      Reuters  -  607 words
    • Article
      Lock icon Euro area's growth forecasts revised downwards
      513 9 LONDON J P Morgan cuts estimates sharply to 1.7% from 2.5% Reuters THE latest turmoil on global currency markets and a slowdown in major economies such as the United States have led analysts to mark down sharply their growth forecasts for the 11 countries
      Reuters  -  513 words
    • Article
      Lock icon US House votes to open impeachment inquiry
      332 9 WASHINGTON 31 Democrats join 227 Republicans to support probe Bloomberg THE US House of Representatives voted to open a formal impeachment inquiry against President Bill Clinton, with 31 Democrats joining a unanimous Republican majority in supporting an investigation into charges that Mr Clinton
      Bloomberg  -  332 words
    • Article
      Lock icon Lewinsky gets US$3m News Corp offer: report
      168 9 ULOS ANGELES AFP NEWS Corp, media magnet Rupert Murdoch's company, has offered Monica Lewinsky US$3 million (554.9 million) to tell her side of the White House sex-and-lies scandal that threatens Bill Clinton's presidency, Daily Variety reported on Thursday. The multi-media offer includes an
      AFP  -  168 words
    • Article
      Lock icon Wolfensohn plays down talk of rift with IMF
      273 9 Bloomberg [WASHINGTON] World Bank president James Wolfensohn played down talk of a rift between the bank and the International Monetary Fund, saying the IMF understands that harsh economic conditions imposed on countries in crisis have to be balanced with spending to ease
      Bloomberg  -  273 words
    • Article
      Lock icon Shell shuts down two terminals in Nigeria after attacks
      265 9 LAGOS AFP ANGLO-DUTCH oil giant Shell has shut down two terminals in the Niger Delta after attacks by local youths on its facilities halved exports from the region, Shell officials confirmed yesterday. "The Shell Petroleum Development Company of Nigeria has declared
      AFP  -  265 words
    • Article, Illustration
      Lock icon Sorting out the panic
      50 9 [CHICAGO] A trader at the Chicago Board of Trade taking a break to reconcile trades in Treasury bond futures during frenzied activity on Thursday. Treasury bond futures saw what traders described as near panic selling. The bonds posted their biggest loss in almost a month. REUTERS
      REUTERS  -  50 words
    • Article
      Lock icon Italy's govt collapses, but PM, team to stay on as caretakers
      385 9 ROME Tuning sensitive as Nato attacks mnst nse airbases in Italy Reuters ITALY'S centre-left government collapsed yesterday at a highly sensitive moment for Nato as military planners prepared for possible air strikes against Yugoslavia that would need to use
      Reuters  -  385 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      18 9 Hollow triumph for IMF/ World Bank, Pg 3 Blair urges rapid steps to tackle global crisis, Pg 8
      18 words
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      Page 9 Advertisements Column 2
      307 9 Sunday ll 1 October 1998. S3Q p-m. Room 3Q3. V floor at fSUNTEC OTrt NOTICE HIGH LEVEL TALK ON GLOBAL FINANCE MICRO ECONOMIC AFFLUENCE FOR TRADITIONAL M AN! JFACTITH F. COUNTRIES ENABLING FINANCIAL EQUILIBRIUM FOR THE MACRO ECONOMIES OF ORGANISED MACHINEFACTURE COUNTRIES FOCUSSING PRESSING NEED FOR GLOBAL MEDIA to pointedly
      307 words
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  • Companies & Markets
    • Article
      Parkway expects $240m from asset sales, warrants
      461 10  -  Parkway Parade also for sale if price is right By, Aug Wan May [SINGAPORE] Parkway Holdings expects to bring in some $240 million in the next couple of months through asset sales and converted warrants to reduce its borrowings of over $1 billion.
      461 words
    • Article
      Creative to buy back 9.3m shares
      261 10  -  By Wong Wei Kong [SINGAPORE] Sound card maker Creative Technologies said yesterday it plans to buy back 9.3 million shares, subject to shareholders' approval and the passing of a bill allowing share buybacks by Singapore companies. An extraordinary general meeting will be held on
      261 words
    • Article, Illustration
      Lock icon East Tech hopes to raise $15-s2om from IPO
      590 10  -  Byl Marissa Chew [SINGAPORE] Eastern Asia Technology Pte Ltd (East Tech), which designs and makes acoustic products, is going public and aims to raise $15 million to $20 million from its initial public offer. The company said it had secured in-fcrinciple approval
      CHRIS LOH  -  590 words
    • Article
      Australia's Pkmeer cements | M'sian ties; rivals do a rethink*
      767 10  - Australia's Pkmeer cements M'sian ties; rivals do a rethink* HOCK LOCK SIEW Russell Baker LAST month leading Australian building materials group Pioneer International demonstrated its confidence in Malaysia's economic prospects when it unveiled two joint ventures with construction conglomerate Sungei Way. At a time when other Australian groups are steering
      767 words
    • Article
      Kotjo's Van der Horst shares force-sold
      430 10  -  Sales come amid sodden surge in counter's price By] Louis Beckerling [SINGAPORE] Shares originally held by Indonesian tycoon Johannes Kotjo in marine engineering company Van der Horst (VDH) were force-sold this week to pay off some of his debts. The forced-sales by Hong Leong
      430 words
    • REGIONAL COMPANIES
      • Article, Illustration
        RM11.3b bond issue and asset sales on the cards
        830 11  -  BEMOm RESTRUCTURING Payment for bonds to come from future cashflows and tax payments of Plus Frovn\ Eddie Toh in Kuala Lumpur THE government will raise over 11.3 billion Malaysian ringgit (554.9 billion) in bonds to help shore up the debt-laden Renong
        830 words
      • Article, Illustration
        New finance ministry unit to issue RMl0.5b bonds in 3 lots
        562 11  -  Rest of RMB24m bonds to come from UEM vehicle From Ruth Wong in Kuala Lumpur THE main element of Renong's restructuring is the formation of the Infrastructure Development Corporation (IDC), which is a 100 per cent owned unit of
        562 words
      • Article
        Soros' Star Telecom stake sold back to Oei at a loss
        376 11  -  By] Lu Ning [SINGAPORE] Less than six months after acquiring a stake in Hongkong's Star Telecom, American financier George Soros has sold it back at a substantial loss to Oei Hong Leong who controls Star Telecom, amid signs that
        376 words
      • Article
        Can Halim afford RM2.3b option in 2001?
        239 11 CAN tycoon Halim Saad afford to exercise his put option to buy back the Renong shares for more than 2.34 billion Malaysian ringgit (Ssl billion) from United Engineers Malaysia (UEM) within three years? "You ask me in 2001," he said at a press
        239 words
      • Article
        Lock icon Computer Associates optimistic on Asia demand
        345 11 Reuters [KUALA LUMPUR] US software giant Computer Associates said it expected demand for its products to remain strong in Asia despite being dealt a setback by the region's financial crisis. "The slowdown has hit all companies in the region. We are also hit," Chua
        Reuters  -  345 words
      • Article
        Thai corporates down but not out in first half
        618 11  -  Of 30 business sectors, two thirds still profitable From Harish Mehta in Bangkok THAILAND'S corporate sector was bloodied but still fighting fit, according to firsthalf earnings results. Of the 30 business sectors, 10 reported a combined loss topping 120 billion baht
        618 words
      • Article
        Lock icon 3 Taiwan firms to make high-speed NEC chips
        74 11 AFP [TOKYO] Japan's NEC Corp said yesterday it would tie up with three Taiwan semiconductor makers to work on high-speed memory microchip technolbgy. From next January, the three firms will make chip sets for NEC's high-speed dynamic random access memory microchips, known
        AFP  -  74 words
      • Article
        GP Batteries sells stake in Taiwan unit for NT$350m
        237 11  -  By, Annette Pan [SINGAPORE] GP Batteries is taking a partner for its lith-ium-ion business in Taiwan to help fund its expansion. The company said yesterday it has struck a deal with Taiwan investment bank China Development Corp (CDC), which will acquire
        237 words
      • Article
        QAF gets $60m loan from Citicorp
        158 11 [SINGAPORE] QAF Ltd has secured a $60 million transferable term loan facility from Citicorp Investment Bank (Singapore) Ltd, which will be used to finance redemption of its $62.8 million unsecured loan stocks due in November. The company said yesterday that wholly-owned subsidiary Gardenia Foods
        158 words
      • COMPANY Briefs
        • Article
          ST Engg market cap to be moderated
          125 11 [SINGAPORE] Singapore Press Holdings announced yesterday that for the purpose of calculating the Straits Times Index, the market capitalisation of component stock ST Engineering (STE) will be moderated from Monday, Oct 12. STE joins a list of 10 large-cap index stocks whose influence
          125 words
        • Article
          Lock icon Pacific Andes unit sells stake
          43 11 Reuters [SINGAPORE] Singapore seafood trader Pacific Andes (Holdings) Ltd yesterday said its wholly-owned subsidiary, Lions City Investment Inc, has sold a 51 per cent equity interest in Maritime Pacific Investment Group Ltd for US$3.2 million (515.3 million). —Reuters
          Reuters  -  43 words
        • Article
          Cain buys more shares in Philippine unit
          55 11 [SINGAPORE] Cam International's directors yesterday said it has subscribed for another 35.5 million shares at par value of 1 peso in subsidiary Cam Mechatronic Philippines. The shares will be paid for by capitalising 35.5 million pesos due from CMP. Cam's stake in CMP
          55 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Foreign banks may face losses on Gitic loans
        312 12 Loans registered with Chinese central bank nnit to get repayment priority Bloomberg [BEIJING] Foreign banks may face losses on an estimated US$5OO million (*****.3 million) of short-term loans they made to Guangdong International Trust and Investment Corp (Gitic), the Chinese trust company
        Bloomberg  -  312 words
      • Article
        Lock icon LTCB shares drop as merger scrapped
        211 12 AFP [TOKYO] Shares in the Long-Term Credit Bank of Japan tumbled yesterday after its merger with another bank was scrapped. LTCB's stock lost a quarter of its value to close at just nine yen, just 18 per cent of its face value of 50
        AFP  -  211 words
      • Article, Illustration
        Lock icon Greenback on a bearish track
        467 12 USS/mark: The greenback suffered bigtime this week, collapsing from the week's high of 1.6447 on Tuesday to touch a low of 1.5887 by Thursday. Reports of the Federal Reserve checking rates on US$/yen ruffled sellers, prompting them to reverse their position and propelling the US$/mark
        Source:  -  467 words
      • Article
        Lock icon Tiger funds lose 9% in net assets as US$ dives
        291 12 Wednesday's losses total USs2b, say investors Bloomberg [NEW YORK] Julian Robertson's Tiger Management lost 9 per cent of net assets on Wednesday, or almost US$2 billion (553.3 billion), across all its funds, two investors said, as the dollar tumbled against
        Bloomberg  -  291 words
      • Article
        Lock icon GIO shareholders reject AMP's A$3b cash offer
        292 12 Bloomberg [SYDNEY] Three of GIO Australia Holdings Ltd's largest shareholders said they won't accept an offer from AMP Ltd, Australia's largest life insurer, for the general insurance company. AMP is making a cash offer of A 54.75 a share for Syd-ney-based GIO in
        Bloomberg  -  292 words
      • Article
        Rate cut hopes propel early rally
        202 12  -  SOSEXJieport MSCI Singapore Index Jardine Fleming THE MSCI Singapore Index futures rallied at the open led by gains on interest-rate sensitive banking and property stocks. Expectations that banks will follow United Overseas Bank's lead in cutting prime rates gave a boost to banking stocks.
        202 words
      • Article
        Open interest hits new high
        202 12  -  MSCI Taiwan fatnres Refco Singapore OPEN interest for the Simex MSCI Taiwan Stock Index futures achieved a record high of 26,941 contracts as on Thursday, surpassing the previous record of 26,856 contracts that was registered on June 26. The Simex MSCI Taiwan Index futures ended
        202 words
      • Article
        Lock icon Oil prices creep up on bargain buying
        238 12 ENERGY REPORT Reuters [LONDON] OU prices staged a modest recovery yesterday as buyers slowly crept back to take advantage of a market hit hard by dismal demand forecasts and recent heavy losses. London benchmark Brent blend crude futures had recovered 19 cents a
        Reuters  -  238 words
      • Article
        Lock icon CURRENCY REPORT
        281 12 AFP London THE dollar seemed still weak but stabilised against the yen and against the main European currencies at the noonhour yesterday. The dollar was up in early afternoon to 118.23 yen from 117.88 in the morning and 118.38 Thursday evening in London. It stood at 1.6317 marks
        AFP  -  281 words
      • Article, Illustration
        Untitled
        1155 12 PtTERRAME CROSS RATES 1 C$ ICQ Ftr Om m$ IrttefcH* Tw Wm 68 MSftOfc Hm U —i0 Sfr H 08* Hmt ml *«wu 0.942 6.178 0.504 1353 1000 4.751 25.973 55l499 0.724 1172 2J30 L176 1127? 2&SW 1MB (limMi* r»*7i CM 1061 5.402 0.535 3.556 1061 5.042 27.*****900 0.769 1672
        1,155 words
    • Article
      COMMODITY PRICES
      1616 13 SICOM FUTURES Oct 9 RUMta (Mam cteswg u at L30pa> BS1CO«rrtA€T»cMtiA«) CtOM VotaM OfM i Low Xtt (tww«) htarost ***** 1525 Doc98 122X10 WOO JM99 123.00 625 Fta99 125.00 650 f -***** -150 *r/ta»99 129.75 2100 JatfSop 99 133.75 80 Oct/Dtc 99 137.25 RSS 3 CONTRACT (US cwb/feQ)
      1,616 words
    • Article
      WORLD STOCK MARKETS
      2221 13 LONDON Mutririi Oct* Noct *h 31 Croup 502.000 7.000 AS Ports 274.000 7.000 Abboy National 972.340 30,340 AModDomocq *37 MX) *23.600 A mac 160.000 -1.000 AuSa Group 160.400 -7.000 BATInd 486.000 -4.000 6G Me 370.000 -6.200 BtCC 61-000 1.000 BOC Croup 736.400 23.400 BP Potroloum 638.000 12.000
      2,221 words
    • Article
      Lock icon TOKYO
      1625 13 Bloomberg □Nikkei 225 -146.09 JAPAN'S key stock index fell yesterday to its lowest in almost 13 years, led by Honda Motor Co and Fuji Photo Film Co on concern the rai> idly strengthening yen will deal a heavy blow to exporters' profits. "The market is still struggling to come
      Bloomberg  -  1,625 words
    • Article, Illustration
      Lock icon HONGKONG
      1428 14 Reuters HangSeng STOCKS surged to a sharply higher close yesterday with property counters leading the pack as optimism spread about an early Hongkong interest rate cut, brokers said. The Hang Seng Index rallied 567.28 points, or 7.15 per cent, to 8,506.79. It was the blue chip index's highest close
      Reuters  -  1,428 words
    • Article, Illustration
      Lock icon CHINA
      571 14 Reuters Q Shenzhen B Index -0.08 SHENZHEN'S hard currency B Share Index ended slightly lower yesterday in thin, directionless trade as most investors waited on the sidelines for fresh policy news from Beijing, analysts said. The B Index dipped 0.08 of a point to 64.72 on turnover of HK$6.7
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  571 words
    • Article
      Lock icon TAIPEI
      315 14 AFP □wPfalg -atot TAIWAN share prices slipped 0.4 per cent yesterday as investors took profits on recent sharp gains, dealers said. The Weighted Price Index dropped 26.06 points to 6,944.17, following a 4.4 per cent rise in the previous session. "Profit-taking was especially obvious among plastics and petrochemical shares
      AFP  -  315 words
    • Article
      Lock icon WELLINGTON
      246 14 AFP QWethagtao -25J4 NEW Zealand stocks closed 1.5 per cent down yesterday, depressed by falls in New York and Tokyo. The NZSE-40 Index fell 25.14 points to 1,704.47 on turnover of NZ573.9 million. Telecom Corp was down 11 cents to NZ57.32. Insurer Sovereign fell 12 cents to NZ52.20.--AFP mi
      AFP  -  246 words
    • Article, Illustration
      Lock icon BANGKOK
      708 14 AFP Reuters n SET Intox +7.28 THAI shares gained 2.6 per cent yesterday on an influx of foreign investment in large capitalisation issues, analysts said. The SET Composite Index rose 7.28 points to 292.50. "Reappearance of foreign investors boosted Thai stocks further today," said a trader at a local
      AFP; Reuters  -  708 words
    • Article
      Lock icon SEOUL
      377 14 AFX-Asia d Composite Index *2174 SHARE prices closed sharply higher on active buying by foreign investors and institutions encouraged by the strengthening of the yen and Calling interest rates, dealers said. The Composite Index closed up 22.74 points at 327.96, off a high of 328.61. Volume was 112.3 million
      AFX-Asia  -  377 words
    • Article
      Lock icon SYDNEY
      561 14 AFP PMOrinuuici -LLOO AUSTRALIAN share prices closed 0.5 per cent lower yesterday, with the Japanese bourse providing most of the direction, brokers said. The All Ordinaries Index fell 12.0 points to 2,491.3. National turnover totalled 308.79 million shares worth A 5927.24 million. The All Resources Index fell 2.4 points
      AFP  -  561 words
    • Article, Illustration
      Lock icon JAKARTA
      696 14 Bloomberg Q Composite Index +1129 STOCKS closed sharply higher yesterday, propelled by strong rises in telecommunications giants Telkom and Indosat and banking stocks. Dealers said state-run firms were boosted by foreign buying amid signs of an improvement in Indonesia's economic fundamentals, with Telkom and Indosat leading the way and
      Bloomberg  -  696 words
    • Article
      Lock icon MANILA
      279 14 AFP Q Manila +5096 PHILIPPINE share prices rose 4.1 per cent yesterday due to the strength of the Japanese yen and the local currency, analysts said. The Philippine Stock Exchange Composite Index gained 50.95 points to close at 1,301.36 points. Volume fell to 429 million shares worth 1.356 billion
      AFP  -  279 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        7871 15 INDUSTRIALS Consumer products 1998 Last Vai D«v Nat Cam L Ce«n»any >M 'OOP High Lew P/E $mil 3 J2 '12 010 2,2 7 2 212 210 11.7 85.9 ,25 n 9**» 52 unch 15 53 51.5 76.7 ,i2 *PO»o Food Hlg 198 3 16 200 195 6.9 79.2 2?S Land
        7,871 words
      • Article, Illustration
        Lock icon Trading listless amid Renong revamp news
        418 15 AFP Q Composite Index -0.77 MALAYSIAN share prices ended mixed yesterday in listless trading as the market digested news of the Renong group's restructuring exercise. "The market is still digesting the news. There weren't many leads in the market, so investors are trying to
        AFP  -  418 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        2453 16 BONDS, LOANS WARRANTS u Lm« Vt Day Lot Ouoto Avq hign Law st no Company Salt *ar- COOO) High Loo Buy or Sollof Prtco 20.5 3 3160 "Acar ******1USS 4 *1 108 4 3 5 3.5 4 95 4.5 3164 Acma ******4 6 +0.5 126 6 5.5 5.5 6 5
        2,453 words
      • Article
        CLOB INTERNATIONAL
        201 16 Cf Qf UL-. 19 y On La* Owrt. Ov CNv VM Nat M Cap HHH Law »twa Cimpmy M« rOOO) Law »»y«f ST Cw P/C )ml 250 5123 COL (2000) MK 400 gg g.0 2.4 2.0 203 7744.7 g* y*V>*a0cHK-720 2*5.0 2-1 7A 6.0 *****.4 "25 Chaunq Kooq50c
        201 words
      • Article
        Teledata warrant worth considering
        205 16  -  WARRANT WATCH By R Sivanithy SUDDENLY in the space of a few days, the market is looking a lot better than say, a week ago. Although no one is talking yet about a year-end rally, there are signs that the lower interest rate environment is helping
        205 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      4534 17 stMa llri is? J5L Owta o£ w« Y* H« Cm im>ljH »4fc C880) U» ***** Mw C»r >/l $31 PrtCT "5 M 5m i 5^*tSSI^fezzizz25 220 54 145 i#ju 7 gff M*4 .*5 15 163 MJ 4n d 225 »2 mt loll 12L' 4
      4,534 words
    • Article
      SESDAQ
      760 17 a t x a a>a !i 2 I £S? IKJSl'&r— S* u mm m ij u u tS :1s; 2 s «S ,0 V £2 4* a I 2002 AjtecftSc 173 uncn 594 MS 17 17 17 3 4 ON 10 U 29J Mj 17 M s? ts ,5W
      760 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        319 18 tttta Hg PSlHidgsWc 57,015,000 Keppei Land50c 29,019,000 DBS Land I7.n7.000 TAC WW 200 15,253,000 STEnggtOc 13.476,000 Wing Tai 25c... 11,723.000 008 Foreign W,385,000 SingTel 15c 9,674,000 VanderHorst 9,290,000 SembCorpInd 25 6,076,000 mdrn SJA Foreign 27,585,506 SingTel 15c 27,521,959 009 Foreign 26,362,018 SPH 24,388,000 City Dev 50c 23,347,355 Keppei Land 50c
        319 words
      • Article, Illustration
        Market springs to life second-half session
        670 18  -  STOCK MARKET COMMENTARY Recovery underpinned by firm opening for most of Europe and talk that DBS Bank could cnt interest rates by 50 basis points By R Sivanithy [SINGAPORE] Trading in local stocks yesterday was a tale of two contrasting halves the first marked
        670 words
      • ON THE GRAPEVINE
        • Article
          Oops
          94 18 THE spectre ofthe International Monetary Fund continues to dog Malaysia even though the country has come up with radical measures to stave off currency speculators. Or so It seemed yesterday listening to Credit Suisse First Boston official Joseph Gallagher, the adviser to Renong in its complex corporate restructuring. "The
          94 words
        • Article
          Blair's touch
          55 18 FORMER British prime minister John Major may have been an ex-Standard Chartered Bank employee but It is current Prime Minister Tony Blair who Is bringing the good news to the UK bank. Sta said yesterday that it was "delighted" that lnhls conversation with Mr Blair, Zhu bank would
          55 words
        • Article
          Barron's on the Guru
          105 18 The latest issue of the US financial weekly Barron's has probably the best description of Mark Mobius read in a white. t|e guru of emerging markets (currently very submerged) at US fUnd management firm someone who looks like a croas between YulBrynnerand Jay Gatsby.isagood natured globetrotter,
          105 words
        • Article
          Need for a footnote
          47 18 AFTER the chaotic start at Kuala Lumpur International Airport, those involved in the mega project appear to foelthe need to make some qualiffcfllons. At the launch of its initial pfcblic offer. Ultro Te&nologies' executive chairman Larry Lim proudly outlined the company's major contracts
          47 words
        • Article
          Banking on '99
          23 18 and one financial institution appears in a hurry to forget about it Quickly. CitibankM has already been sending out management
          23 words
      • Article, Illustration
        HOT STOCK
        63 18  -  -by Shiv Taneja ST Engineering closed one cent higher yesterday at $1.58 on a volume of 13.47 million shares, compared wi#i its 10-day traded average of six million shares. In the near term, the counter is expected to witness some price weakness, according to the daily RSI and
        63 words
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      26 17 to<fclivera^ Buying or selling through mUfP&C The Straits Times Classified is child's Play. iifv 4?' 'Xllfr 7 I Q[ they're so J Mr> 1800-737-1166. S I
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      Page 18 Advertisements Column 1
      1209 18 of fees lo a<l\ciiisi'.call lolllin I SOU-741 IS,S3 NOTICE IS HEREBY GIVEN ihot, I, Eu Tsun Barbara Jean of 11 Ford Avenue, Singapore *****1, have applied for a Wholesale liquor Shop in respect of T.G.E. (Singapore) Pte lid located at 70 Bendemeer Road, #06-04 Hiap Huat House, Singapore *****0, and
      1,209 words
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      Page 18 Advertisements Column 2
      258 18 MTNE HATTER OFTNE COMMMES ACT, CAP. 50 ANO HTHE MATTER OF ELECTRO POWEROfWE PTE LTD Hi I M an Ejdraordnary General Meetng of tie mowfters d fte abownamed company duly coiwwd awl MM oa 6 October 19M Die jj*^x^ftHdu»ons«ere()^p«aae<t--1. Tlid fte Campaiy bo mnd up tdurtarfc purcuert to Sector 290
      258 words
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      Page 18 Advertisements Column 3
      78 18 and we'll help you enhance your company profile Corporate celebrations are opportunities to have a total < communication approach in enhancing your company profile to your business associates and customers. It may be a grand opening, launching ceremony, company anniversary, ISO certification, ground-breaking ceremony or a topping-out ceremony. It's another
      78 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      What offices here are doing to stay lean and trim
      1314 19  -  Apart from the usual measures like retrenchments, wage adjustments and cutting back on bonuses, individual companies have their own unique ways of saving money, jazkb hb reports JAIME EE UNLIKE recent reports in Japan, there is no employer in Singapore
      1,314 words
    • STRAWS In The Wind
      • Article
        Reading between the lines
        95 19 THIS year, when employee appraisals are going to be read with great care and trepidation, it may help to have a guide as to what your boss is really trying to tell you: Exceptionally well qualified. (Made no major blunders yet.) Quick thinking. (Offers plausible excuses.)
        95 words
      • Article
        Stretch your age limits
        39 19 THE People's Association, trying to drum up interest for its youth movement, sent us a press release announcing its island-wide search for members. Its definition of youth anyone from the age of 12 to 35.
        39 words
      • Article
        Hot stuff
        62 19 A HOTEL newsletter with a gourmet recipe section had this apology to make to some rather hot and bothered readers: "Apologies to our budding chefs who tried our curry, cashew and coconut cream soup recipe. The 125g of hot curry powder mentioned in the list of ingredients had
        62 words
    • VIEWPOINT
      • Article
        We know it's not really free, but we'll take it anyway
        709 20  -  Off the CUff by Who really wants the box of tissue paper or bottle of Coke that comes 'free' with every $30 worth of petrol? Then again, we'd probably start hankering for freebies if they suddenly disappeared from our
        709 words
      • Article, Illustration
        Lock icon As game as ever for the kill
        1663 20  -  Norman Mailer, at 75, is still on the prowl, shocking and dazzling his readers, and slaying his country's sacred cows with impunity. HUBnm mehta follows his trail to the Oriental Hotel in Bangkok, and finally comes face to face with America's literary lion
        SUKREE SUKPLANG  -  1,663 words
      • Article
        Bill Clinton? That man's got a lot to answer for
        881 20 NORMAN Mailer is fiercely critical of America, his own country its excessive patriotism, its writers. While many Americans were embarrassed by US President Bill Clinton's affair with White House intern Monica Lewinsky, Mailer is not. He did not have "that
        881 words
    • LEISURE
      • Article, Illustration
        Wearable art from the Viking era
        861 21  -  Legends are what Kalevala Koru jewellery are made of. But with a million pieces in production each year, their popularity is certainly no myth, says r y va* P Y VAN THE story of Kalevala Koru, one of Finland's top makers of traditional Jewellery,
        861 words
      • Article, Illustration
        Facing the future
        330 21  -  EXHIBITION By 1 Tan Su Yen IF PHOTOGRAPHER Russel Wong could look into the future, he would tell you that in the next millennium women will exude an easy, quiet confidence. Mr Wong's work, Woman With A Palm Leaf, features a nude woman gazing serenely into the
        330 words
    • MOTORING
      • Article, Illustration
        Face-lift for the 7-series
        356 21  -  Christopher tah looks at what comes with the 'refreshed' BMW CHRISTOPHER TAN BMW will introduce a mildly revised version of its 7series by the end of the year. While the unveiling may seem to have been timed strategically ahead of Merce-des-Benz's new S-class launch, there are
        356 words
      • Article
        Make way for the Merc CLK cabriolet
        152 21  -  By I Christopher Tan THE married-with-kids among us are usually relegated to more mundane choices when it comes to cars. Sedans, stationwagons, and more recently, MPVs. There seems to be an unwritten rule that fun and practicality don't match. Those who subscribe to
        152 words
    • Article, Illustration
      Lock icon Artistic parallels
      258 22 SHOWBIZ AFP [LOS ANGELES] Robin Williams read the script only once before deciding he had to do the movie What Dreams May Come. In the film, his character's wife is an artist, as is Williams' wife in real life. "Because my wife is an artist, the story has
      AFP; FILE PHOTO  -  258 words
    • Article
      Lock icon US, Canadian box offices invaded by Antz
      184 22 Bloomberg [LOS ANGELES] Dream Works SKG's Antz debuted as the No 1 movie in the US and Canada last weekend with US$l7.2 million in ticket sales, according to figures provided by Exhibitor Relations Inc. The computer-animated film about the struggles of an ant
      Bloomberg  -  184 words
    • Article, Illustration
      Talking you through a hostage crisis Talking you through a hostage crisis
      733 22  -  CINEMA Expect a sharp, smart and snappy thriller when Samuel L Jackson engages Kevin Spacey in a battle of words in The Negotiator, director F Gary Gray's third feature film By I Susan Tsang THE Negotiator is a
      733 words
    • Article
      Lock icon Finding Happiness a good career move
      644 23  -  CELEBRITY Jane Adams is drawing much acclaim for her portrayal of Joy, the painfully trusting baby of a suburban family, in Todd Solondz's latest movie By\ Margy Rochlin LAT-WP [LOS ANGELES] The star of Todd Solondz's Happiness is wide-eyed, softedged and good at rolling
      LAT-WP  -  644 words
    • Article, Illustration
      WHAT'S ON
      391 23  -  Compiled by. M Yasotha TiiiiATRE Mail Order Brides And Other Oriental Take-Aways Action Theatre's hit play, written and directed by Pek Siok Lian, returns in a brand new product ion. The play opens the door to the seductive world of East-West romance in cyberspace through the eyes of
      391 words
    • EPICURE
      • Article, Illustration
        Lock icon Even more maki for your money
        602 24  -  übra HLIAB samples some of the new creations now travelling round the conveyor belt at Genki Sushi RAHITA ELIAS GENKI Sushi has always been a nice value-for-money place for a sushi outing. Now It has become even more so. It has kept the price
        PHOTOS BY SIEW YAW HOONG  -  602 words
      • Article, Illustration
        Fusion at the Club
        255 24  -  CAFE By 1 Tan Su Yen FANCY an oxtail assam pedas pie or a vegetable marsala dosai roll? Coffee Club Xpress at The Paragon, a Coffee Club offshoot, has assembled a range of snacks which aims to give "Asian expression" to its chain of cafes. Try
        255 words
      • Article, Illustration
        Lock icon The Empire strikes back
        654 24  -  RESTAURANT H&in&nese fere makes a welcome appearance at the newly-renovated Empire Cafe Tan Su Yen IT WAS wet and stormy, a perfect night for stew. But as it turned out, not the best of nights in the kitchens of the newly-renovated Empire Cafe at Raffles Hotel.
        SIEW YAW HOONG  -  654 words
      • Article, Illustration
        Light and fragrant Spanish flavours
        119 24 CRAVINGS CATCH the last two days of the Catalan promotion at The Olive Tree in Hotel Inter-Continental Singapore this weekend. Catalan is the area surrounding Barcelona in Spain and if The Olive Tree's buffet is any indication, its flavours are light and fragrant from the
        119 words
      • Article
        Vampire killers at Prego
        85 24 PREGO's garlic promotion returns with a vengeance. Stout-hearted garlic lovers can start with roasted garlic before moving on to home-made garlic flavoured fettucine. The less adventurous may wish to play it safe with grilled portobello mushrooms in garlic vinaigrette or pizza with tomato, mozzarella, basil and
        85 words
      • Article, Illustration
        Bridal tea
        95 24 FOR $15 nett per couple, brides- and grooms-to-be can enjoy a high tea of open-faced sandwiches and local delights at ANA Hotel's One-Stop Wedding Carnival The carnival will showcase wedding-related products and services like bridal boutique Jazreel Low's Collection and honeymoon packages by All Nippon Airways. Also on
        95 words
      • Article, Illustration
        Big fish, small fish
        148 24  -  Compiled by Tan Su Yen HOW DO people change the way they shop for food in a recession? In a city where seafood is the treat of choice, have prawns at $24 a kg disappeared from our dinner tables? Not really, say seafood traders. Apparently, those
        148 words
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      CINEMA
      751 25 The Big Hit. Mark Wahlberg is a professional hitman, but outside his job he is a softie who just wants to be liked. Lido, Changi, Choa Chu Kang, Jurong, Hougang, Woodlands, Century, Republic, Oriental, Toa Payoh, Jubilee, Whitesands, Clementi, Princess, Yishun, Bishan, Tiong Bah.ru, Boon Lay, Tampines, Marina, Orchard,
      751 words
    • Article
      ENQUIRIES AND BOOKINGS
      116 25 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Golden Village 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina TampinesB Tiongßahru Yishun Ovtmm Movie Clement i/Co'wealtti 777-0669 Golden/New Town
      116 words
    • TRAVEL
      • Article, Illustration
        Lock icon China's metropolis of the future
        1327 26  -  The fast-growing city of Shanghai means business, with its sights set on becoming a major world player, mark graham looks at how the grand design is shaping up MARK GRAHAM CYNICS sneered when Shanghai announced that it would be building a super-city which, in the
        ALL PHOTOS BY MARK GRAHAM FOR BT  -  1,327 words
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      69 20 CAST YOUR VOTE: Go to the BT Online website (business-times.asial.com.sg) and take part in the interactive poll based on this column RESULTS OF LAST WEEKS POLL: Which is of greatest concern to you? Steven Spielberg may teach history better than schoolbooks 25.4 per cent. The amount of blood and gore
      69 words
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      16 22 i i Buy It. Sell It. Find It Classified. < CATS. 1800-737-1166 Call Today For Results Tomorrow.
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      39 22 The secret of success Taking the right course, of course. Study the wide range of courses available in the Education/Training Section in the Classified Classifications 700 to 799 CATS. found his The Straits Times Classified where dreams become reality.
      39 words
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      Page 23 Advertisements Column 1
      425 23 Showing at Shaw, Overseas, Studio City, Eng Wah, Cathay and Golden Village cinemas. Rated PG. Where to wine, dine and entertam... p,^: < that other card companies talk about 290 4545 —-T"Tunch" is the best for lunch and high tea rolled into one. Which means longer serving hours and even
      425 words
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      Page 23 Advertisements Column 2
      106 23 Mandarin QQ Singapore HSaiian Gastronomia I Becomes an A vf 6-12 October 1998 MI The excellence of Italy will be in residence at Revolving Restaurant 39th floor 333 Orchard Road. Singapore *****7. Td 737 4411 Sunday 12 noon to 5:30 pm Adult $18.80* Child .$9.40* No better way to enjoy
      106 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      26 24 Oenki Sushi Caltex House, 90 Raffles Place, 81-06 A Singapore *****8, Tel: 538-2513 The Empire Cafe Raffles Hotel Singapore 1 Beach Road Singapore *****3 Tel: *****86
      26 words
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  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      2166 25 TODASTSTV Taggr""* 10 30 »^Cs cl UJ? Ik jrVHlt »fc c *<g 12 2ft AM Saturday Chinese Son of SSY.SCC.b-i HSHT t >£^Z*&£ Sundance Kid, 12.50 am, League 98: Preliminary L IWB ,i J?, Countthe fly Cb 8 A W^. l rld "soccer 9 TV Innovations. Paul Newman and Robert
      2,166 words
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