The Business Times, 24 October 1998

Microfilm: NL21345
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Masthead
    13 1 ITA(P) lHyig/97 ccl* THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ WEEKEND EDITION, OCTOBER 24-25,1998
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  • Article
    MARKET SUMMARY
    54 1 D UI3J9(-3.91) DSM»(-8.90) HI SOISCI FITTUKES IJIM7J9 (-1.06) STOd 1A1KET DdMCES FHday Chanfe .419.72 -L84 NIKKEI -1MM HANQ8KNO W17.7S—+1*17 8CT INDEX ___jCtaBd JAKARTA OOMP —***** IX MANILA OOKP —1JMJ6 +SUt TAIPEI WP! 7JHL4C +«7J7 SEOUL OOMP I78flu_-til CLM CHINA B JB8G.13 +U8 AUST ALLOW) IMSJ -LI 1.10pm EOT
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  • Article
    FINANCE
    73 1 NBHUIB ust SI U8I UK £(US&/S$ per I.W2 1782 DM 1.(41 Mil *BN— llftl LM* Di UN 0.428 HKS 7.7M 1211 baht mm MO RUHAH im— MSI nm—u.uz i 'Stmmrnm HDMB BATES SINGAPORE* 7iS KUALA LUMPUR 1LM JAKARTA tm BANfflSOK 14.76 MANILA BJ| HONGKONG ltft WIPB IM SYDNEY 8.46
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  • Article
    SES delists Mid-Continent, raps IPO manager OCBC
    580 1  -  Those allocated IPO shares can sell to OCBC at 59C apiece By' Teh Hooi Ling [SINGAPORE] The Stock Exchange of Singapore (SES) is delisting Mid-Continent Equipment with immediate effect, and has rapped OCBC Bank for its handling of the company's initial public offering.
    580 words
  • Article, Illustration
    Dr M dishes out a tax surprise
    1176 1  -  MALAYSIAN BUDGET Analysts see budget boost asa pre-election package Front. From Eddie Toh and Ruth Wong in Kuala Lumpur UNVEILING what many see as a pre-election budget, Malaysian Prime Minister Mahathir Mohamad yesterday gave the economy the expected expansionary boost but surprised everyone
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  • Article
    SIA's airline operations hovering above breakeven
    660 1  -  Byl Lee Han Shih [SINGAPORE] National carrier Singapore Airlines yesterday announced a big drop in interim profits. And that was the lesser of two instalments of bad news. Worse than the 24 per cent drop in net profit largely discounted by investors who have
    660 words
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      123 1 nwnui tatorti Japan's new curbs on the short-selling of shares, which came into effect yesterday, are much stricter than expected and have prompted angry reactions from foreign banks and brokers, Fgf Singaporeans are bracing themselves for CPF cuts and smaller bonuses Turn to ELI Wmtfg MWUOMH Moody's has put Singapore
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      19 1 Mora Pg 3 Commentary: Mahathir's Malaysia Boieh budget Minimal loss of revenue under new tax system Economic Report 98/99
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      64 1 A iA* 1 A J ii "J 4*^l K I /w 1 r I AW 1 V l T J I W 1| y LE TEMPS CHANEL THE MATELASSEE COLLECTION STEEL AND DIAMOND WATCH OEPLOYANT BUCKLE WATER-RESISTANT TO 30 METERS SAPPHIRE CRYSTAL MADE IN SWITZERLAND EXCLUSIVELY AT THE CHANEL BOUTIQUES
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Engineering firms urged to embark on tie-ups
      204 2 ENGINEERS from the construction sector may be facing a tough times, but this should not deter them from linking up with major overseas engineering firms to bid for regional projects, said Minister for National Development Lim Hng Kiang yesterday. Addressing the Institution of
      204 words
    • Article
      Nikko Securities lays off a third of its staff here
      369 2  -  Company official says it's the first time S'pore unit has retrenched anyone Siow Li Sen NIKKO Securities (Singapore), a unit of one of Japan's "Big Three" brokerages, yesterday axed one-third of its people, making it the latest to join the
      369 words
    • Article
      Sept consumer prices down 1.4%
      327 2  -  Last month's fall marks 4th straight month of decline By. Anna Teo CONSUMER prices fell 1.4 per cent in September, bringing to about 0.9 per cent the overall deflation rate for the third quarter. The September slide in the consumer price index (CPI) the fourth
      327 words
    • Article
      Private sector building seen falling
      230 2 Contracts could drop to £Lsb, less than half of 199Ts value PRIVATE sector contracts could fall further to $3.5 billion next year, less than half of 1997's $8 billion figure, said Chow Kok Fong, president of the Society of Project Managers. Some $2 billion worth
      230 words
    • Article, Illustration
      Lock icon Openness will help solve woes: UK minister
      231 2 THE way to overcome the current economic problems in the region and the world is for countries to maintain openness and work together, said British Trade Minister Brian Wilson. "We should continue to trade and invest in one another's country under all circumstances
      SIEW YAW HOONG  -  231 words
    • Article
      Retrenchment even after crisis ends: NTUC
      273 2  -  Union to propose resolution to deal with layoffs from restructuring By Carol Eng SINGAPOREANS will still face retrenchment after the regional financial crisis as the economy's restructuring continues, said the National Trades Union Congress (NTUC). Hence, the NTUC will propose a special resolution at
      273 words
    • Article
      Lim Chee Onn on MAS board
      91 2 KEPPEL Land chairman and former cabinet member, Lim Chee Onn, has been appointed to the board of directors of the Monetary Authority of Singapore. Mr Lim, who stepped down from the boards of General Securities Investments and Keppel Bank last month, will serve on
      91 words
    • Article, Illustration
      Lock icon Sales manager named Young Executive of Year
      342 2  -  New award honours young execs for service to community By] Eugene Low CASH, condominium, car, credit card and career five familiar words to young, working professionals. In fact, the public's perception of this group is that they are not particularly concerned about the
      SONIA TAN/ST  -  342 words
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      140 2 cyy rj/ lobt-T roltin<>~ n Maine Lobsters. At I ,e Meridien. V f M't Hhvt (brf (Jarrntr ia\ fnonnsrs a niontlnratriing t \/irncnrr wbrn In fmstnis flir \tlantir labs/a nitnn. Il brims with an mint sting lair <>/ five glob* -Itotting Maim /fibsters naiiml Ilist/nr, \rwbnrg, I'ltrrtmal. ihrrniiihn and han
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      16 2 The Straits Times CLASSIFIED Where buyers and sellers meet Find someone to videotape your wedding. CATS.
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  • MALAYSIAN BUDGET
    • Article, Illustration
      Lock icon Minimal loss of revenue for govt under new tax system
      584 3  -  Only firms with huge 1999 losses, profits could theoretically benefit: experts Reports by Reports by Ruth Wong, Eddie Toh, arid Meera Tharmaratnam in Kuala Lumpur THE Malaysian government's decision to change the year of tax assessment should lead to a
      REUTERS  -  584 words
    • Article
      Casino's gaming duty disclosed for first time
      309 3 PRIME Minister Mahathir Mohamad yesterday revealed for the first time the gaming duty levied on the country's sole casino at Genting Highlands, operated by tycoon Lim Goh Tong. Dr Mahathir, who is also first finance minister, said casino duty will now be a
      309 words
    • Article
      Economy expected to Dost 1% growth next year
      1096 3 ECONOMIC REPORT 1998/1909 BOOSTED by fiscal stimulus and an easing of monetary policy, Malaysia's contracting economy is expected to show a mild recovery next year, with the gross domestic product (GDP) growing by one per cent from a forecast shrinkage of 4.8
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    • Article, Illustration
      Mahathir's Malaysia Boleh budget
      787 3  -  COMMEMTARY Us-versus-ttaem is a double-edged play By Kenneth James IT was, as expected, a typical expansionary budget aimed at pump-priming an economy in recession. But for Malaysian Prime Minister Mahathir Mohamad, the landmark 1999 budget he presented yesterday was more than an economic package. It was
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    • Article
      Growth expected next year for all sectors except construction
      490 3 Services forecast to grow 2.7%, turnaround seen for manufacturing MALAYSIA expects all sectors of the economy, except construction, to post positive growth rates in 1999. The finance ministry said the services sector the largest contributor to the economy is expected to
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        523 4 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, Deutsche Morgan Grenfell, Eraser, GK Goh, ING Barings, Kay Hian, Kim Eng, Merrill Lynch, Phillip. Sunright ♦(Sell) Indosuez W Carr Securities, Oct 22, $0,635 Sunright's EY9B net profit decline of 40
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      • Article
        In My Opinion
        525 4  -  Peter Chiang Senior portfolio manager UOB Asset Management ver before in this \l centur y as 1 1 Dow Jones Indus- trial Average posted annual J gains in excess of 20 per cent for three consecutive years. If 2 an investor had placed J US$lO,OOO in the
        525 words
    • Article, Illustration
      Staying cautious on Asia
      953 4  -  While the region picks up the pieces of the currency turmoil, what are the experts doing with their funds? Louis Beckerling [SINGAPORE] LOW ahead". That M about sums up the 1 sentiment expressed by speakers at this week's i investing conferL ence organised by BL W
      953 words
    • Article, Illustration
      Lock icon Privatising Thai Airways
      650 4  -  ETE ON THE REGION: THAILAND Airline will probably have to look for a strategic partner From Harish Mehta in Bangkok THE much-trumpeted "smooth as silk" advertisement for Thai Airways International holds true of its great in-flight service, but it does not apply to its privatisation programme which
      FILE PHOTO  -  650 words
    • Article, Illustration
      Lock icon Off with a bang and back with a whimper
      994 4  -  tmma Week sees stocks soaring at start and ebbing at the end Louis Beckerling [SINGAPORE] The bigger they were, the harder they fell. In a week which divided itself fairly neatly into two halves, a tide of liquidity washed through the
      Source: Datastream  -  994 words
    • Article, Illustration
      Lock icon Not yet ripe for the picking
      736 5  -  Stock analysts still negative on property sector, given continued economic uncertainty and the supply glut By Diana Oon [SINGAPORE] IN a gravity-defying performance, property share prices have doubled in little more than a month until this week's inevitable correction. The now-higher property stock prices
      Source: Bloomberg  -  736 words
    • Article
      Analysts see good take-up for Spindex IPO
      633 5  -  They cite low absolute price, undemanding valuation By Annette Pau [SINGAPORE] Local precision machining firm Spindex Industries the newest listing on the IPO block probably need not fear that its Sesdaq initial public offer might be under-subscribed. Spindex, which does turned parts for
      633 words
    • Article
      Qualifying funds – The Game
      1214 5 Qualifying funds The Game NO UNT1HJ6TNME 1YR 3YHS RBK fW RETURN RTTURN CAT RATIO 1 Aberdeen Asian Fixed Income Fund N/A N/A A N/A 2 CM Gtobai Bond Fund 17.65 33.61 A 1.77 3 OBS Stanton Dynamic Bond Fund 31.86 N/A A N/A 4 DBS Stanton Income Fund 2.51 19.17
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    • Article, Illustration
      Fund profile
      291 5 fin atmam Investment objective The fund invests in quoted and marketable securities of companies in the Asian region with the objective of achieving long-term capital growth. Investment etyle A fundamental bottom-up approach to stock picking. Market outlook Slowing economies do confer benefits in terms of tower consumer prices.
      291 words
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  • Page 5 Advertisements
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      172 5 Sound Us Out First. _BOSE~ ATLAS HI-FI PTE LTD *01-116 124 Suntec Cit\ M*ill (Tower Two) Tel 339 0906 F.n 336 4678 I raM" I I Vr I Full Name QOr DMt []Mn DMm Quidm Hp f4> in flWCfljMjpart pkmm undWlh# surrwm) VRBR|9PR|R^pViliPiHP^M|p^PV^p|MPffiPMp|RßH||pj^PßPPpi|MPV^;>fl I Sex QMale Female you 2&90Q Standard
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Ihdon rates may fall on stronger rupiah
      209 6 AFP [JAKARTA] The governor of tht central Bank Indonesia (B|) said yesterday the strengthening of the rupiah a nil slowing inflation held otft hope for a lowering of crlpplingly high interest rates f'With a low inflation rate and also a strong rupiah exchange
      AFP  -  209 words
    • Article
      Lock icon HSBC chief If on why KL risks coming in last
      161 6 Reuters [PERTH] Malaysia is at risk of running last in the "beauty parade" for Western invested when Asia recovers from its current financial slump, Hjongkong and Shanghai Banking Corp Ltd chief executive David Eldon said yesterday. Mr Eldon, commenting on
      Reuters  -  161 words
    • Article, Illustration
      Lock icon Tokyo sets out terms for taking over LTCB; creditors worried
      787 6  -  Extent of creditor protection under nationalisation scheme raises controversy From. Anthony Rowley in Tokyo THE Japanese government yesterday announced the conditions under which it will "nationalise" Long-Term Credit Bank, provoking an immediate outcry over creditor protection of one of Japan's
      REUTERS  -  787 words
    • Article
      Lock icon China may fall short of 8% growth target: report
      386 6 Analysts say Li Peng's remarks is Ist admission AFP [BEIJING] China's top legislator Li Peng said in remarks published yesterday that China will "be able to approach or reach its economic growth target" for the year, implying growth may fall short
      AFP  -  386 words
    • Article
      Lock icon Only a political crisis will shake stable yuan
      334 6 US commerce chamber says China has strong reasons not to devalue Bloomberg [WASHINGTON] It would take a political crisis to shake China's commitment to a stable currency, said Thomas Donohue, president and chief executive of the US Chamber of Commerce. The people
      Bloomberg  -  334 words
    • Article
      Lock icon Japan's US$30b aid seen easing Asian credit crunch
      303 6 Plan also help supplement IMF, says Jetro chief Reuters [TOKYO] The US$3O billion (5548.8 billion) aid plan Japan has pledged for Asian countries will help ease Asia's credit crunch, the chairman of the Japan External Trade Organisation (Jetro) said yesterday. The plan,
      Reuters  -  303 words
    • Article, Illustration
      Lock icon Analysts hail Aussie task force to tackle Asian woes
      321 6 Panel to submit proposals to help region by year-end Bloomberg [SYDNEY] Australia's decision to assemble a task force of corporate leaders and government officials to produce clear ideas on how to deal with Asia's economic slowdown has been welcomed by analysts.
      Bloomberg; REUTERS  -  321 words
    • Article
      Lock icon Merrill moving money into Korea, Thailand
      243 6 Reuters [SINGAPORE] Merrill Lynch is moving more money into South Korea and Thailand and is bearish on the United States, the investment house said in its weekly review. "We are moving more money into Korea and Thailand, our favourite Asian markets," it said in
      Reuters  -  243 words
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      70 6 rr—^^ Shoppers' Paradise for Traders around the world Indonesia the best equipped i k v Furniture Offering the UNIQUE, CLASSIC and for; Interior contemporary p,,*,® Guest Room Living Room Office Furniture tXDO Dining Room 'Bedroom 'Terraces Jakarta Convention Center Indonesia, October 24 th November Ist1 st 1998 Organized by DFRINDO
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  • REGION
    • Article
      Lock icon HK to open IDD market to all comers in '99
      366 7 HONGKONG Big cuts seen in IDD rates; major operators want govt to limit entry AFP [HONGKONG] Hongkong will open up its international direct dial (IDD) service to all comers, with no limits on the number of licences for service providers
      AFP  -  366 words
    • Article
      Lock icon Clinton won't visit Mahathir at Apec summit
      350 7 WASHINGTON White House official cite* concerns over jailing of Anwar AFP US President Bill Clinton will not pay the customary visit to Malaysian Prime Minister Mahathir Mohamad at the annual Apec summit next montlvamid protests over Dr Mahathir's recent policies, a US administration
      AFP  -  350 words
    • Article, Illustration
      Lock icon NEC chairman quits over scandal
      243 7 TOKYO Bloomberg NEC Corp chairman Tadahiro Sekimoto resigned to take responsibility for allegations that the company, one of Japan's largest suppliers of military equipment, deliberately overcharged the Defence Agency. Mr Sekimoto's resignation took effect yesterday, but he'll stay on as an adviser to the company.
      Bloomberg; REUTERS  -  243 words
    • Article
      Lock icon Pudong sees sharp drop in foreign projects
      292 7 SHANGHAI AFP SHANGHAI'S Pudong development zone prioritised by China as the country's future economic powerhouse is expecting a drought in foreign investment in the coming year, the official Shanghai Star reported yesterday. Pudong New Area Administrative Commission spokesman Shao Yidong was quoted as
      AFP  -  292 words
    • Article
      Lock icon KL riot police disperse anti-govt protesters
      293 7 Protest broken up before Mahathir due to present budget Reuters [KUALA LUMPUR] Riot police fired water cannon to break up an anti-government protest in Malaysia's capital yesterday before Prime Minister Mahathir Mohamad was to present the 1999 budget. Riot police sprayed about 200 demonstrators
      Reuters  -  293 words
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      23 7 NEC seen plunging into the red, Pg 11 Buy It. Sell It. Find It. Classified. ft 1 •00-737-1166 Call Today For Results Tomorrow.
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      2201 7 if k. i 1* CK.TANG C. K. TANG LIMITED (Incorporated in the Republic of Singapore) NOTICE TO MEMBERS <A> OK VAr H I»v «I™ <T i IE CAPITAI REDUCTION EXERCISE") TO REDUCE THE PAR VALUE SHARE Of $1.00 <"$l.OO SHARE") IN THE ISSUED AND PAID-UP CAPITAL OE C. K. TANG
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      2912 8 SINGAPURA BUILDING SOCIETY LTD (Incorporated in the Republic of Singapore) BALANCE SHEETS AS AT 30 JUNE 1998 5 Capital Reserves (cont'd) 13. Operating Income fom ,55Ue^*****72 Operating income comprises interest income from loans, deposits and securities, gross dividends from The Group The Company (1997 1 496.800) ordinary shares at a
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  • REGION/WORLD
    • Article
      Lock icon Japan imposes tough curbs on short-selling
      426 9 TOKYO Bank shares go op as hedge funds and ether investors rash to unwind positions FT THE Japanese government's new curbs on the short-sell-ing of shares, which came into effect yesterday, are much stricter than expected and have prompted an angry reaction from foreign
      FT  -  426 words
    • Article
      Lock icon Brazil to get US$15b from IMF to help avert devaluation
      377 9 BUENOS AIRES Aid package to be announced next week: IMPs Fischer Bloomberg THE International Monetary Fund said it will provide roughly half of about US$3O billion (5548.8 billion) in aid which Brazil is seeking to bolster investor confidence in the
      Bloomberg  -  377 words
    • Article
      Lock icon A central bank invested in LTCM
      151 9 WASHINGTON Bloomberg AN unnamed central bank not the US Federal Reserve was invested in Long-Term Capital Management LP, the US hedge fund taken over by a group of banks and securities companies, Fed governor Laurence Meyer said. "I knew that one central bank was
      Bloomberg  -  151 words
    • Article, Illustration
      Lock icon Prize of peace
      56 9 .SEOUL] United Nations Secretary-General Kofi Annan holding the Seoul Peace Prize he had just been awarded as his wife Nane applauded at a ceremony in Seoul yesterday. Mr Annan was awarded the prize, along with a cheque for US$2OO,OOO (*****,100), in recognition of his worldwide peacekeeping efforts
      REUTERS  -  56 words
    • Article
      Lock icon Netscape invented or imagined proposal to divide markets, says lawyer
      501 9 THE MICROSOFT CASE Microsoft counsel says alleged plan not in document Reuters [WASHINGTON] Microsoft Corp charged on Thursday that the heart of the US government's landmark antitrust case was no more than an "invention or imaginary concoction" by Netscape Communications
      Reuters  -  501 words
    • Article
      Lock icon UK economy grows 0.5% in Q3 exceeding forecasts
      281 9 LONDON Bloomberg THE UK economy expanded 0.5 per cent in the third quarter and grew 2.5 per cent from the same year-ago period as robust growth in services dashed hopes for big cuts in UK. interest rates this year. Growth exceeded expectations
      Bloomberg  -  281 words
    • Article
      Lock icon IMF toes country line with economic forecasts
      403 9 WASHINGTON Reuters A SENIOR IMF official conceded on Thursday that politics played a role in its economic forecasts and said the Fund could not put out figures substantially below those from its member states. IMF chief economist Michael Mussa said the Fund, which
      Reuters  -  403 words
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      153 9 A SPECIAL DEAL for the BUSINESS COMMUNITY Attractive Rates From Ssl22 Inclusive of Buffet Breakfast r "j Special Benefits Upgrade to Superior Room Free Shuttle Service to Orchard Road and Chinatown HfP HJ Free use of Business Centre and :g|j j WP 472 newly and tastefully decorated rooms with all
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  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      374 9 THE WEATHER Singapore: Showers in the predawn hours over most areas. Temperature (25/29 C) Asia-Pactflc La/Hi* Coad. Jerusalem 1*32 iVar Storkhutn > 1 doudy \urkland 14/18 dear Mecca 21/11 doudy Vienna II lo doudy Bangkok 2432 showers Zurich— VI2 showers Beijing 7'20 (air Europe La/Hi* Cood. Bombay hazv Aaakrfaai 10/14
      374 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Moody's reviews ratings of Singapore banks
      421 10  -  Ratings downgrade possible on effect of Malaysian policies on asset quality Byi Clarissa Tan [SINGAPORE] Moody's yesterday said it had put Singapore banks' ratings under review for possible downgrade, citing the effect of Malaysian government policies on that country's asset quality as a particular
      Source: Bloomberg  -  421 words
    • Article, Illustration
      Lock icon Finance ministry denies endorsing Renong's rescue
      462 10  -  MOF unaware of discussion between Renong chief, Anwar From Eddie Toh in Kuala Lumpur MALAYSIA'S Ministry of Finance has refuted Renong Bhd's claim that it gave a tentative endorsement of the plan to help shore up the debtladen infrastructure group. Aris Othman, secretarygeneral of
      FILE PHOTO  -  462 words
    • Article
      Hersing clinches US real-estate franchise
      210 10 [SINGAPORE] Sesdaq-listed Hersing Realty Ltd has clinched the master licence to bring an American real-es-tate franchise into Singapore. This is part of its strategy to capture a larger share of the residential resale market, Hersing said yesterday. The new franchise, Coldwell Banker Real Estate, will
      210 words
    • Article
      No sign of the fizz returning to F&N's fall-year results
      638 10  -  HOCK LOCK SIEW Lee Han Shih IN two months Fraser Neave will announce its full-year results. What can investors expect? In announcing its interim results in June, the beverage and property conglomerate said that barring unforeseen circumstances, "directors expect profit
      638 words
    • Article
      Lock icon Ultro Tech soars as much as 66% in trading debut on SES
      238 10 Bloomberg [SINGAPORE] Ultro Technologies Ltd, a distributor and maker of electronic components, surged as much as 66 per cent in its trading debut yesterday. The stock rose to a high of 41.5 cents from its offer price of
      Bloomberg  -  238 words
    • Article
      Lock icon Surge in property stock prices surprises analysts
      509 10 Interest rates are down but home sales aren't np, they say Bloomberg (SINGAPORE) MCL Land, a medium-sized property developer, says its prospects are bleak; analysts say it's unlikely to turn a profit until the year 2000. Investors, though, aren't buying all the gloom
      Bloomberg  -  509 words
    • Article
      Lock icon Tenaga to build RM1.7b township
      191 10 Reuters [KUALA LUMPUR) Malaysian power utility Tenaga Nasional Bhd said on Thursday it plans to build a township worth 1.7 billion Malaysian ringgit (***** million) on a piece of land it owns. Tenaga said in a statement to the Kuala Lumpur Stock Exchange that it
      Reuters  -  191 words
    • Article
      Lock icon Ho Wall Genting scraps rights issue
      98 10 Reuters [SINGAPORE] Ho Wah Genting International said yesterday it had scrapped its rights issue plan but would proceed with its acquisition of Hui Yuan Asia International. Precision engineering service firm Ho Wah said the decision was made due to unfavourable market conditions. Ho Wah
      Reuters  -  98 words
    • COMPANY Briefs
      • Article
        VDH shareholder cuts stake
        64 10 [SINGAPORE) Marine engineering company Van Der Horst (VDH) yesterday said Hong Leong Finance on Wednesday sold 1.069 million VDH shares at an average price 0f69.661 cents. The shares, which were held as collateral, belonged to Southart, whose controlling shareholders include Indonesian businessmen Johanes Kotjo and Johnlin
        64 words
      • Article
        FLEH shareholder reduces stake
        45 10 [SINGAPORE] Freight Links yesterday said OCBC Bank has sold 3.03 million shares in the company at an average 20.78 cents apiece. The shares belonged to David Lim Teck Hiang, whose stake after the sale is 60.057 per cent or 294,504,796 shares.
        45 words
      • Article
        CSC wins tender for Tuas land
        45 10 [SINGAPORE] Mainboard-listed construction firm CSC Holdings has successfully tendered for a 52,270 sq m, 60-year leasehold land at Tuas South Avenue 1/2 at $17 million. A new CSC subsidiary will be incorporated to handle the development of the plot.
        45 words
      • Article
        Berger ends tie-up in Dongguan
        51 10 [SINGAPORE] Paint maker Berger International Ltd has terminated its joint venture operation in Dongguan as part of a move to rationalise its business operations in China and will "resolve all outstanding issues amicably"" with its Chinese partner. Berger's remaining tie-up in China is located in
        51 words
      • Article
        HPL's Fu sells another 1m warrants
        85 10 [SINGAPORE] Hotel Properties Ltd said yesterday that company director Peter Fu Chong Cheng has sold another one million HPL warrants held by him through Born Free Investments Ltd. This sale took effect on «< Thursday and brings the number of HPL warrants held by
        85 words
      • Article
        Lock icon Petronas' early retirement offer
        57 10 Bloomberg [KUALA LUMPUR] Petroliam Nasional Bhd said yesterday it will offer 4,000 workers a voluntary retirement package next month and expects a third to take up the offer. The offer to non-executive and non-technical workers results from the introduction of automated operations that leaves the company
        Bloomberg  -  57 words
      • Article
        Vickers gets nod for new shares
        44 10 [SINGAPORE] V ickers Ball as Holdings yesterday said the Stock Exchange of Singapore has granted approval for the listing of new shares to be issued in relation to the offer for the company by the Singapore Technologies group.
        44 words
      • Article
        Corrections & Clarifications
        64 10 Corrections Clarifications IN our story yesterday, "Ultro Technologies IPO: bulk of public tranche for small investors," we said that "Mr Lin) Ee Ann also sits on the board of contract manufacturer Uraco Holdings". Ultro said yesterday that Mr Lim resigned from Uraco's board in February 1997. Ultro and Uraco no
        64 words
    • COMPANIES
      • Article
        Lock icon Nokia claims to be market leader as net profit soars
        441 11 Finnish group says it has more than a fifth •f global mobile-phone market Bloomberg [HELSINKI] Nokia Oyj, claiming it has become the world's No 1 mobile phone maker, said yesterday thirdquarter net rose a greater-than-expected 50 per cent, fuelled by
        Bloomberg  -  441 words
      • Article
        Lock icon NEC plunging into red, Fujitsu to gain from info service
        380 11 Net loss for NEC seen at 35b yen; Fiyitsn expects 45b yen gain Reuters [TOKYO] Japan's two biggest electronics makers, NEC Corp and Fujitsu Ltd, yesterday unveiled contrasting earnings outlooks for one of the toughest years for the industry. NEC
        Reuters  -  380 words
      • Article
        Lock icon Disputed deals: JP Morgan had US$757m exposure
        316 11 Bloomberg Reuters [SEOUL] JP Morgan was owed U*****.1 million (Ssl.2 billion) at the end of last year by South Korean financial institutions for disputed currency derivatives contracts, according to people who have seen a document prepared by the US investment bank. The bank
        Bloomberg; Reuters  -  316 words
      • Article
        Lock icon Bankers Trust aims to cut costs by US$300m
        373 11 FT FT, Bloomberg. Reuters Reuters [NEW YORK] Bankers Trust, the US bank that has been in merger discussions with Germany's Deutsche Bank, has announced a USs3oom (Ss4B6 million) cost-cutting and restructuring programme as it reported a USs4BBm loss for the third quarter.
        FT; FT, Bloomberg. Reuters; Reuters  -  373 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Marcos' US$500m makes Swiss change bank rules
        496 12 Reforms make it hard for corrupt rulers, criminals to stash money in banks NYT [GENEVA] The case of some US$5OO million (SsBlo million) stashed in Swiss banks by former Philippine dictator Ferdinand Marcos has prompted reforms that make it harder for corrupt rulers
        NYT  -  496 words
      • Article
        HIG Asia Pacific looking for acquisitions
        414 12  -  Factoring firm will also launch vendor financing programme By i Clarissa Tan [SINGAPORE] Not everyone is retreating in the current economic crisis. The Heller International Group (HIG), whose main business is factoring, wants its US$4OO million (*****.2 million) assetbacked business in the AsiaPacific region
        414 words
      • Article, Illustration
        Lock icon Short-term bearish bias for US$
        384 12 USS/mark: US$/mark did an about-turn this week, trading higher for the first four days when it touched a high of 1.6595 before it dipped to close lower at 1.6373. Notwithstanding, USS/mark is likely to trend lower in the nearterm given the overbought daily stochastics and
        Source: DBS Bank  -  384 words
      • Article
        Lock icon Nomura pumping US$1.2b into US unit
        279 12 Bloomberg [NEW YORK] Nomura Securities Co has invested a further US$l.2 billion (Ss2 billion) to shore up its US unit and is selling some mortgagebacked securities and real estate loans. This infusion is on top of a US$37B million equity investment last month to
        Bloomberg  -  279 words
      • Article
        Bank stocks drag down futures
        204 12  -  SOnnX Report MSCI Singapore Index Jardine Fleming THE MSCI Singapore Index Futures traded lower as banking stocks dragged down the index. Moody's Investors Services announced that Singapore banks' ratings were being reviewed for possible downgrades. The contract continued to slide in the morning session in
        204 words
      • Article
        Futures resume upward trend
        161 12  -  MS& Taiwan futures Refco Singapore THE Simex MSCI Taiwan Index October 98 futures resumed its upward momentum, climbing 0.80 of a point to settle at 274.7. The stock index saw a mini bull run, rising 67.67 points to 7,055.46 yesterday on hopes that lower interest rates
        161 words
      • Article
        Lock icon Oil up on hope of demand for heating fuels
        281 12 ENERGY REPORT Bloomberg [NEW YORK] Crude oil rose on expectations that a return to normal weather this year after the previous mild winter will boost demand for heating fuels from homeowners, businesses and utilities. "It's not going to be the coldest
        Bloomberg  -  281 words
      • Article
        Lock icon CURRENCY REPORT
        282 12 AFP Bridge News London NOT for the first time this week, a state of torpor descended on the market as dealers limited themselves to a half-hearted toying of dollar/yen in the morning before moving on to play with dollar/mark as the US arrived for business. The dollar showed
        AFP; Bridge News  -  282 words
      • Article, Illustration
        Untitled
        1279 12 IMTBKBAMK CKOSS RATBS OctM <4 c$ icu ftr m tm wm m Samu N» si tmt s» w> tmnm Jf Australia O.MS 6.178 0.520 3.432 1.024 4435 24.375 48.660 0.743 0211 2.371 1.184 34.536 ***** 10M 3.584 0.838 20 *****457 0.369 0.624 Caw* 1036 5.363 0.53* 3.555 1060 5.008 27.*****.404
        1,279 words
    • Article
      COMMODITY PRICES
      1928 13 SICOM FUTURES (i, 23 RU68ER (futures closing is at 5.30pm) RSSI CONTRACTS cwitsAgi Close Volume Open Montri Wffc Low Sett (tonnes) Interest Nw9ti I 120.00 1250 <*98 121.50 1450 -M" 99 122.50 550 Fed 99 124.50 725 99 125.75 125.75 125.75 275 1175 Apf Jun 99 129.25 2850
      1,928 words
    • Article
      WORLD STOCK MARKETS
      2482 13 LONDON Intostrials Oct 23 PvfKC 31 Group 493.000 -7.000 AB Ports 286.000 unch Abbey National 1134.000 4.300 Allied Domecg 467 000 -3 000 Allied Zurich 658.000 18 000 Amoc 186.400 0.600 Asda Group 165.000 8 800 BAJ Ind 486 400 7 400 BG Ptc 394.000 0.600 38
      2,482 words
    • Article
      Lock icon TOKYO
      1640 13 Bloom berg 4 Nikkei 225 -***** JAPAN'S key stock index fell for the first time in six days, led by brokerages and banks on concern recent gains in share prices were not justified by prospects for profits amid the country's deepest recession since World War 11. Nikko Securities Co
      Bloom berg  -  1,640 words
    • Article, Illustration
      Lock icon HONGKONG
      1550 14 Reuters AFP Q Hang Seng +150.17 STOCKS climbed out of early losses to close higher yesterday in the footsteps of rising index futures, but brokers said the market lacked clear direction after recent gains. The Hang Seng Index gained 159.17 points to finish at 9,817.75. Turnover rose to HK$6.B9
      Reuters; AFP  -  1,550 words
    • Article, Illustration
      Lock icon CHINA
      639 14 Reuters n Shenzhen B Index -0.05 SHENZHEN'S hard currency B shares ended easier yesterday, weighed down by technical resistance and expected losses on the domestic A share market, analysts said. The B Index slipped 0.05 of a point to 66.31 on turnover of HK$4.5 million. "Looking at the charts,
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  639 words
    • Article
      Lock icon TAIPEI
      386 14 AFP MWPlndei +67.C7 TAIWAN share prices gained one per cent yesterday, driven by liquidity support provided by rate cuts here, dealers said. The Weighted Price Index rose 67.67 points to 7,055.46, following a 0.5 per cent decline in the previous session. "Chances for the index to move down may
      AFP  -  386 words
    • Article
      Lock icon MANILA
      301 14 AFP Q Manila +2936 PHILIPPINE share prices closed 2 per cent higher yesterday on rising investor confidence amid the renewed strength of the local currency, analysts said. The Philippine Stock Exchange Composite Index rose 29.36 points to close at 1,523.98 points. Turnover fell to 1.26 billion shares worth 1.51
      AFP  -  301 words
    • Article
      Lock icon SEOUL
      422 14 AFP CI Composite Index -3.69 SHARE prices edged down 1.0 per cent on the Korea Stock Exchange yesterday, with the fall cushioned by renewed interest in SK Telecom and Posco on rumours the two may get an infusion of new offshore funds. The Composite Index closed down 3.69 points
      AFP  -  422 words
    • Article, Illustration
      Lock icon JAKARTA
      727 14 AFP QftmpoateLida -&38 SHARES closed 1.1 per cent lower yesterday with late trade in selected large caps softening the fall due to prof-it-taking, dealers said. "The market was quiet in the morning session the transaction volume was very thin. But the market suddenly got energy just after the second
      AFP  -  727 words
    • Article
      Lock icon SYDNEY
      596 14 AFP PAH Primaries -L 3 SHARE prices fell marginally yesterday, with a recovery in News Corp stock largely offsetting weakness in Japan, brokers said. The All Ordinaries Index finished 1.3 points lower at 2,543.9. Turnover totalled 305 million shares worth A 5879.24 million. The All Industrials Index rose 1.9
      AFP  -  596 words
    • Article
      Lock icon WELLINGTON
      267 14 AFP □Wellington *L 37 NEW Zealand stocks edged up 0.1 per cent yesterday in lethargic week-end trade. The NZSE-40 Index was up 1.37 points to 1,843.45 on turnover of NZ$7B.6 million, with Telecom Corp falling four cents to NZ$7.7B. Brierley Investments Ltd lost one cent to 45 cents. AFP
      AFP  -  267 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8882 15 INDUSTRIALS Consumer products 1998 L«1 Vol Day Net C«p Htgn LOW company Sal* OOO High low P/E Smil 310 I/O Aimomoto ...240 13 2 97 3 148 3b Anqxisa 61 I 29 61 oO 89.9 290 123 Apollo F ood Hlq 194 7 77.6 388 108 Ber)aya Land 149 -I
        8,882 words
      • Article, Illustration
        Lock icon Shares lower on profit-taking amid budget
        423 15 AFP Bernama CI Composite Index -1.84 MALAYSIAN shaft- prices closed 0.2 per cent lower yesterday on prof it-taking, as Prime Minister Mahathir Mohamad unveiled an expansionary budget. The Composite Index fell 1.84 points to end at 419.72. The Second Board Index fell 0.79 of
        AFP; Bernama  -  423 words
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      Page 11 Advertisements Column 1
      1639 11 SinGAPORE AIRLinES LIITIITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Singapore Airlines Limited wishes to make the Mowing announcement 1. UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 1996 THE GROUP THE COMPANY THE GROUP Financial Apr-Sap Apr-Sap Apr-Sap Apr-Sap Year 1996 1997 Change
      1,639 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      65 14 ThbßusimssTwbs 1 Business IT MUWUWMinTIMM«H»«W fAJV Asia-Pac server Singapore aims to Oil inna.VS I market down be Internet hub for ■■■wllUlllJ M TheßusinessTimes i i > a r i ♦The Bangkok market was closed yesterday for a holiday It's easy. I'll just find-it in The Straits Times Classified. Dad does
      65 words
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  • WARRANTS&OPTIONS
    • Article
      Untitled
      2605 16 BONOS, LOANS I WA* RANTS wt 1996 Last Vol Day Latt Ouota Av« HKjn LOW StiM Company »or- i OOOI Hl«h Lao Buytr Salter Prtc. 20.5 3 3160 "Acer ******1 USS 9.5 -1 45 9.5 8 9 9.5 95 4.5 3164 Acma ******4 17 unch 741 18 15.5 17 17.5
      2,605 words
    • Article
      Liang Huat wrt: don't rule out surprises
      179 16  -  WARRANT WATCH Hy\ R Sivanithy JUDGING by the movements in the top percentage gainers' lists of the past few days, penny stocks are still in vogue, so we'll keep our focus on this area for now. One warrant that hasn't featured in this
      179 words
    • Article
      CLOB INTERNATIONAL
      226 16 H0N6K0NG STOCKS Or Gr 1998 Last Vol On LmI Quota My Wv YW Nat M Cap High Lew Stno Company Sal* COOOI High Lav Buyar Saftar Of H P/E SmN 400 250 5123 COL (2000) H« 400 400 8.0 2.4 2j0 20.5 7744.7 5124 Cathay Pac 20c HK_
      226 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6896 17 Transaction date: Oct 23 iQoft Or Gf M Wt Hioh Lo« t.y. r Vol Day Last Quote Olv Otv VW Net Cap A»q -HE tw C»W—> Sata (OOO) High Law Buyer Seller C'vr P/E $mtl Price MULTHMBUtTRY 'i!f 1* 5 1 I??? 1 in™*
      6,896 words
    • Article
      SESDAQ
      1280 17 Gr Or M Wt ..J 9 8 Vol Day Last Quota OW Oiv YM Not Cop A*g Ht O t> 4?. S,Mo Company Solo COOO) Hlg* Low Buyor Cw P/t ta5 PrteY MANUFACTURING 243 30 2049 AS Auto 10c 81 -1 2039 83.5 77.5 81 81.5 13.0N 7.0 1.9
      1,280 words
  • Page 16 Advertisements
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      33 16 Buy It. Sell It. Find it. Classified. yj ij t 1 j 77 r> u t 1 1800-737-1166 Call Today For Results Tomorrow HOCK LOCK SIEW Takes you behind the news TheßusinessTimes sinoaposb
      33 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Untitled
      354 18 Stacks Volume Ultra Tech 15c 42,164,000 SembCorpI 25c 15.823.000 Keppel Land 50c 13.202.000 DBS Land 11,555,000 OUB Foreign 9,956,000 Van der Horst 9,061,000 Hotel Prop 8,762,000 Keppel Corp 7,799,000 Goldtron 20c 7,516,000 Wing Tal 25c 7,101,000 Stocks S OCBC Foreign 44,535,829 OUB Foreign 37,297,040 SembCorpI 25c 24,236,812 DBS Foreign 23,581,311
      354 words
    • Article, Illustration
      STI stays above 1,100 mark after HK rebound
      655 18  -  STOCK MARKET COMMENTARY Late afternoon comeback despite news of Moody's reviewing banks' ratings; Delifrance Asia, SembCorp among those which shine By R Sivanithy [SINGAPORE] The daily tussle between the bulls and bears in the local market kicked off to high gear yesterday,
      655 words
    • ON THE GRAPEVINE
      • Article
        Dishing out property
        153 18 BUYING property in Johor might be the last thing on investors' minds now, but property developers Prolink Development, part of the Malaysian conglomerate group Renong Bhd, surely cannot be faulted for trying. For their latest offer of bungalow plots in Ledang Heights, dubbed the "Beverly Hills of
        153 words
      • Article
        Scare away slump
        123 18 WHEN the going get's tough, the tough get pumpkins. We're talking about Halloween of course, which will come just in time to give US retailers a badly-needed boost. According to American Express, Halloween shoppers will spend around US$Bl (Ssl32) each on average snapping up such irresistible buys
        123 words
      • Article
        Nature's delights
        91 18 CARE for some fine French fare smack in the centre of Singapore's most famous park? Well, BT has learnt that Les Amis Restaurant and Wine Bar will be opening a full service outlet at the Singapore Botanic Gardens next month. Word has it that the restaurant, to be
        91 words
      • Article
        Nasa relaunch?
        96 18 YOU have to hand it to the biggest-thinkers among big-thinkers. We're thinking of America's National Aeronautics and Space Administration (Nasa), which has reignited interest in its costly space exploration programme by deciding to send the first US astronaut to orbit the earth, John Glenn, back into space at
        96 words
    • Article, Illustration
      HOT STOCK
      66 18  -  -by Ven Sreenivasan ST Engineering has been rising on heavy turnover in recent weeks. Although yesterday's trading volume was below the 10-day average of about 8 million shares per day, the counter remains very much in the spotlight. However, the stock could find it tough breaking past the
      66 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      1213 18 BUSINESS Notices To advertise call toll-free IXOO-741 18X3 IN THE MATTER OH THE COMPANIES ACT. CAP 50 AND IN THK MATTHR W I.HONG HKNG AIR-CON PARTS PTE I .ID (INCORPORATED IN SINGAPORE) (IN MEMBERS' VOLUNTARY WINDING UP) NOTICK OH SPECIAL RESOLUTIONS At an Extraordinary General Meeting of the Company duly
      1,213 words
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      Page 18 Advertisements Column 2
      126 18 BRIGHT WAY PHARMACEUTICAL PTE LTD fW»n n ii —Mu W fc.ll- |C incorporated 11 ui€ neprjouc Of Singapore i NOTICE OF STRIKING OFF NOTICE IS HEREBY GIVEN that any person, firm or corporation claiming to be creditor of BRIGHT WAY PHARMACEUTICAL PTE LTO. (the "company") should submit such claim in
      126 words
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      Page 18 Advertisements Column 3
      51 18 T^'/' T"• v ~_C |1 Z 1 1?T" I 1 r 1 1 For more nformation on Creative Ads. call: Jl Susan Eng 740 6160 n»» 111%». irruiMMf\n ix**»i»wi>m»» Florence Kang 740 6161 Judy Tan 740 6163 -rt I J Low Cheh Chuan 740 6171 tOr JOUS Desmond Kan 740
      51 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Back to basics
      1581 19  -  Singaporeans, bracing themselves for CPF cuts and smaller year-end bonuses, are going back to simpler pleasures like gardening, cooking and good old-fashioned home entertaining, tamsu ten reports TAN SU YEN ONE taxi driver recently had this little pearl of wisdom to share about our life and times.
      1,581 words
    • STRAWS In The Wind
      • Article
        All spaced out
        67 19 GOOD HELP must still be hard to find, even in these days of less than full employment. Someone called a restaurant, asking if it was the Ngee Ann City branch. Er, no, said the uncertain person at the other end of the line. Could she be given
        67 words
      • Article
        Paper puzzle
        36 19 ANOTHER equally baffling phone con versation: Someone called up The Busi ness Times and asked if it was Berita Harian. Upon discovering her mistake, she said: "Oh sorry, actually, I meant to call Zaobao
        36 words
      • Article
        Driving home the point
        33 19 A HOME owner who wanted to stress that his place was very well done-up put it across this way in an ad: "It's in 200 per cent move-in condition."
        33 words
      • Article
        Building goodwill
        48 19 TIMES are hard for contractors when they resort to all kinds of sweeteners to get business. In one classified ad, a contractor offers services like "painting, ragging, rockspace, marbletex" and so on. And if you sign up for his services, you get "1 free arranged flower".
        48 words
      • Article
        Names to remember
        40 19 SOME corporate types are quite imaginative when naming their firms. One American used car dealer calls itself Ugly Duckling Corp. A local company, owned by the son of prominent businessman Peter Fu, calls itself Born Free Investments.
        40 words
    • Article, Illustration
      Lock icon Laughter, pathos at Richard Pryor tribute
      501 20  -  CELEBRITY By\ Irvin Molotsky NYT [WASHINGTON] A laughing group of comedians and actors who have been inspired in their work by Richard Pryor gathered earlier this week at the Kennedy Center for the Performing Arts to pay tribute to him. Robin Williams brought all
      NYT  -  501 words
    • Article, Illustration
      Two men with murder on
      690 20  -  CINEMA A sleazy industrialist, his classy blond wife, and her bohemian lover a pretty interesting triangle, one wonld think. But they all fail to engage the audience in A Perfect Murder Hy Parvathi Narayan PASSION on ice can be a potent drink, but the taste
      690 words
    • VIEWPOINT
      • Article
        To Father Amiotte, until we meet again
        765 21  -  Off the CUff by The worst thing about losing someone dear to you is not having the chance to tell him how much he has meant to you L by Jaime Ee HE WAS a man of God and we loved him. But
        765 words
      • Article, Illustration
        Lock icon Work can screw you up
        1607 21  -  Changes in modern labour practices create more problems than they solve, says rxchard ujmli i RICHARD SENNETT FT T'S TIME to sober up," a stockbroker glumly to me as the Dow continued to plunge. The rhetoric of the 1990s has been relentlessly upbeat, celebrating the
        FT; FILE PHOTO  -  1,607 words
      • Article, Illustration
        Among the converts
        827 21  -  BOOKS Reviewed by Chuang Peck Ming Beyond Belief By V S Naipaul Little, Brown and Company 436 pa«ee, $25.00 SEVENTEEN years ago in his travalogue Among The Believers, Sir Vidiadhar Surajprasad Naipaul singled out Muslim youth leader Anwar Ibrahim as a rising star in Malaysian politics. And
        827 words
    • LEISURE
      • Article, Illustration
        Time for a change
        932 22  -  Dawn Poh of Art Focus wanted to open a lifestyle shop so different it would bring excitement back into the lives of jaded shoppers. She certainly succeeded with The Loft, says jaimbhb JAIME EE THE IDEA was to recreate the kind of lifestyle stores that hip
        932 words
    • MOTORING
      • Article, Illustration
        Show and sell
        504 22  -  Christopher tam highlights some of the stars that are making heads turn in Birmingham CHRISTOPHER TAN THE letter "S" prevails at this year's Birmingham Motor Show. The event, which has traditionally taken a back seat to others in Frankfurt and Paris, is special this time round on
        504 words
    • EPICURE
      • Article, Illustration
        Attentive Italians
        806 23  -  La Smorfia is named after a comedy, and there's certainly much to smile about at this restaurant the service, the value-for-money prices, and the constant movement of girlfriends and bikes outside the window, jaimb eb tucks in and enjoys the view JAIME EE LA SMORFIA is, if nothing
        806 words
      • Article
        Lock icon A world awash in glorious reds
        860 23  -  WINE By] Peter Gianotti LAT-WP A WINE lover's passport is stamped in red and white around a world always in ferment. Vineyards grow almost everywhere save Antarctica. AUSTRALIA The land of kangaroos, Crocodile Dundee and the millennium Olympics is also home to one of
        LAT-WP  -  860 words
      • Article
        Kitchen homily
        58 23 WHO SAYS chefs don't have a sense of humour? Spied on the notice board in the kitchens of Hongkong's Hong Kong Hotel was this inspirational message to its food beverage staff: "Another week ends. All targets are met. All customers are happy. All staff are eager and enthusiastic.
        58 words
      • Article
        Passports please
        163 23  -  Compiled by Tan Su Yen IT ISN'T just the immigration department that stamps "passports" these days. Buy a coffee and you get a stamp. Earn enough stamps and you get a free cup of coffee. At the Coffee Bean Tea Leaf, down 11 cups of coffee or ice
        163 words
      • Article, Illustration
        Lock icon Peranakan offerings fit for your aunty
        721 23  -  RESTAURANT Chances are, shell want an extra helping of the Ayam Bnah Kelnak at Hotel Rendezvous' Straits Cafe By The Park Tan Su Yen with its marrne coneesnop tables, high ceilings and old-fashioned ceiling fans, Rendezvous, the nasi padang restaurant in Bras Basah Road,
        PHOTOS BY ARTHUR LEE  -  721 words
      • Article, Illustration
        One glorious month of chocolate decadence
        168 23 CRAVINGS IT'S A month-long feast for chocolate lovers at The Regent Singapore. The hotel's Pavilion Pastry shop is presenting an array of chocolate-flavoured cakes, pastries and confectionary. The shop's best-selling item is the chocolate truffle cake ($3B), which pastry chef Jean Luc Daul describes
        168 words
      • Article, Illustration
        Cool crabs
        122 23 OCTOBER is hairy crab season in North China where the crabs are harvested in the cool waters of inland lakes before they turn icy in the winter. Here in Singapore, these delicacies return to Chinese restaurant menus. At Goodwood Park Hotel, the crabs are flown in from Suzhou
        122 words
    • Article, Illustration
      CINEMA
      723 24 The Big Hit. Mark Wahlberg is a professional hitman, but out side his job he is a softie who just wants to be liked. Toa Payoh, Whitesands, Yishun, Tampines. Black Dog. Patrick Swayze stars in this thriller. Previewing at Cathay, Orchard. Boogie Nights. Poignant look at the US porn
      723 words
    • Article
      ENQUIRIES AND BOOKINGS
      117 24 Cathay Org Cathay 338-3400 Eastshore 34& 1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Qotdan Villaga 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina TampinesB j Tiongßahru I Yishun Ovarsaas Movta Clementi/Co'wealth 777-0669
      117 words
    • Article
      Lock icon One big Hollywood production
      888 25  -  COMMENTARY Americans are becoming more and more like actors, living their lives out of the shards of movies Hy Neal Gabler NYT (NEW YORK) Nearly 160 years ago, Alexis De Tocqueville observed that Americans lacked an appreciation for what he called the "pleasures of mind". Instead,
      NYT  -  888 words
    • Article, Illustration
      WHAT'S ON
      386 25  -  Compiled by M Yasotha Music Singapore Symphony Orchestra Conductor emeritus Choo Hoey returns with Russian pianist Yakov Kasman, recent silver medalist at the 1997 Van Cliburn Piano Competition. On the programme are Rachmaninov's Piano Concerto No 2 and Shostakovich 's Eleventh Symphony. Tonight, 8.15pm at Victoria Concert Hall.
      386 words
    • TRAVEL
      • Article, Illustration
        Lock icon Traditional beauties with dreams to sell
        1192 26  -  The geisha is supposed to embody the culture and refinement of Japan, but as rajuchellam finds out in Kyoto, her way of life is now hanging on a slim kimono thread RAJU CHELLAM NCE upon everyone m thought that Japan consisted only Fuji, a
        T C SEOW  -  1,192 words
      • Article
        Lock icon Taking a polished bite out of Big Apple eateries
        1313 26  -  FOOD ADVENTURES In New York, yon are where yon eat. So call ahead, flirt or just barge your way into these hip restaurants ftyi Greg Morago LAT-WP THERE is nothing more unabashedly blissful and downright sexy than Manhattan in the fall.
        LAT-WP  -  1,313 words
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      56 20 Buy It. Sell It. Find It. Classified. CATS. 1800-*****66 Call Today For Results Tomorrow. Hello, I saw your /DingdonlX Itwassuch^v The Straits Times Classified. J Flowers J V bouquet of flowers m iss J r2 TPIHnP" "l BuviM or selling throutfh The Straits Times Classified is child's Play. 4 —^l
      56 words
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      Page 20 Advertisements Column 2
      16 20 Showing at Cathay. Eng Wah, Golden Village, Shaw. Studio City and United Artists cinemas. Rated PG.
      16 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      20 21 The Corrosion of Character, The Personal Consequences of Work in the New Capitalism by Richard Sennett is published by Norton
      20 words
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      Page 21 Advertisements Column 2
      60 21 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 WEEK'S POLL: When it comes to food, which decides where and what you eat? Hunger pangs and salivary glands 35.8 percent. Principles and pride —18.1 per
      60 words
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  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      2082 24 TODAY'S TV kbcokmhmdbd vnswmo mmmmmmmmm hhhhHHl gDehma 10.00 AM Response TV. VamanLsame LaSt ST* respects Masters public confidence after xo Sports: Soccer Miss lndia Dharma A Greg, 0.30pm, witnesses get killed. Tennis ATP Tour MagaChS Benny Mok stars in this zineShow9B. I^ m Dharma runs into a native crime-busting thriller.
      2,082 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      417 25 This article is adapted from Neal Gabler s Life The Movie: How Entertainment Conquered Reality, to be published next month by Knopf Where to wine, dine and < >1 gg§j ssss "Tunch" is the best for lunch and high tea rolled into one. Which means longer serving hours and even
      417 words
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      Page 25 Advertisements Column 2
      125 25 EAtJVi TR[P (ft TO KOH SAMUI, THAILAND! MM with every order of our "ward-winning Chicken Rice 4 at Chatterbox Coffeehouse, VykjJ the Chicken Rice Capital ef the World. TBI 31 October 1908 only. Hurry! i nr MM > Coffeehouse Ist floor S Mandarin QQ Singapore I 333 Orchard AW, Singapore
      125 words
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