The Business Times, 31 October 1998

Microfilm: NL21345
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    17 1 85c MIT A (P) 110/12/97 THE BUSINESS TIMES SINGAPORE WEEKEND EDITION, OCTOBER 31-NOVEMBER 1, 1998 Internet: http://business-times.asial.com.sg/
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  • Article
    MARKET SUMMARY
    61 1 Dsn 1204J8 (+18.97) BT-SBI 567J2 (4-10.97) SMSCI FUTURES 171.48 (+1.75) STOCK MA1KET DOHCBS Friday Change KLSE COUP 405.33 1.02 NIKKEI 13*64.51 —-***** HANG SENG 10,*****—+223.48 SET INDEX ***** 13.78 JAKARTA COMP __300.77 -&64 MANII<ACOMP 1,756.04 +86.08 TAIPEI WPI 7.101.46 +84J7 SEOUL COM" 384.75 +14.45 CUSA CHINA B 641.83
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  • Article
    FINANCE
    72 1 FOBEX BATES US$ S$ US$ 1.623 £(US$/SS per t.677 1722 DM 1.663 0982 YKN 1161 1JJ99 RM 1800 0.427 HKS 7.745 0210 BAHT 36.72 0.044 RUPIAH 7,626 a02l •SttolOOuntti PRIME RATES SINGAPORE* 7.52 KUALA IJJMPUR 11.50 JAKARTA 18.00 BANGKOK 14.75 MANILA n.9» HONGKONG 10.25 TAIPEI 8.80 SYDNEY 8.45 TOKYO
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  • Article, Illustration
    Lock icon Private home prices down 13% in Q3; values 40% off peak
    599 1  -  Biggest quarterly drop seen as major reason for recent pick-up in sales Reports by Ang Wan May [SINGAPORE] Private housing prices suffered their biggest quarterly fall of 13.1 per cent in the third quarter, dragging their values to some
    Source:; Compiled by BT  -  599 words
  • Article
    G-7 throws US$90b IMF lifeline for ailing economies
    622 1  -  Group also to look at stronger framework for global markets From Neil Behrmann in London IN the strongest concerted international action so far to contain the world financial crisis, the Group of Seven industrial powers yesterday pledged an additional US$9O billion (Ssl46
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  • Article
    Lock icon Dow up 148 at 12 noon EST
    63 1 Reuters [NEW YORK] Wall Street stocks powered to their highest levels in two months at midday yesterday, buoyed by the G-7 move to throw the world's stricken economies a new lifeline as well as the easing of recession fears in the US. By
    Reuters  -  63 words
  • Article
    Landed prices down 46% from 1996
    325 1 Hardest hit are bungalows with a fall of 47.6% [SINGAPORE] Landed homes have had their values slashed by up to 46.5 per cent since mid-1996 when the market was at its most feverish. Bungalow prices, which peaked the earliest, have fallen the hardest. Since
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  • Article
    KL securities watchdog extends life of all warrants to 10 years
    409 1  -  One-off move brings hope for 115 warrants on market tYom Eddie Toh in Kuala Lumpur IN an unprecedented one-off move, Malaysia's Securities Commission will extend the exercise period of all warrants to 10 years from the current five. "In
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      Page 1 Advertisements Column 1
      103 1 DfBPE leer's MUmiS km Billionaire investor Julian Robertson's Tiger Management LLC funds lost billions of dollars in the past two months, wiping out all of the funds' gains for the year as of last week, P»7 Hang Seng tops Full report, Pg 6 Rich and dry Wealthy Asians, buffered by
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      14 1 HDB Q3 resale price indices fall, Pg3 Commercial, industrial property prices dive, Pg 3
      14 words
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      37 1 List of major landed projects not 100 sold, Pg 3 The sensation of time CONCORD® Watchmakers Since 1908 CONCORD swiss VENETO™ Time as a Watch 176 Orchard Road Singapore *****3 Watch isenlar)«ed to show detail 235 2536
      37 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Asiatic being wound up after failure to pay over $50m debts
      413 2  -  Court order comes on application by biggest creditor HE Shanghai Banking Conrad Raj COMMODITIES trader Asiatic Enterprises once one of Singapore's most promising companies is being wound up after failing to pay a group of creditors over $50 million.
      413 words
    • Article, Illustration
      Competitiveness panel to unveil cost-cutting package on Nov 11
      370 2  -  Reports by. Jennifer Lien THE Committee on Singapore's Competitiveness (CSC) will announce its package of cost-cutting proposals on Nov 11, Trade and Industry Minister Lee Yock Suan said yesterday. Speaking at the opening ceremony of 3Com's new plant, Mr Lee said
      370 words
    • Article
      3Com opens US$50m Asia-Pac HQ
      217 2 NETWORKING products maker 3Com Corp yesterday opened its US$7O million (*****.6 million) Asia-Pacific headquarters and manufacturing plant in Changi. The plant is 3Com's largest worldwide. Output is mainly for its Asia-Pacific customers. The plant has been operating for 10 months. Occupying 330,000 sq ft of
      217 words
    • Article, Illustration
      Lock icon Renault to sacrifice margins for Asia sales
      409 2  -  Reports by Christopher Tan RENAULT of France is adopting a zero-margin approach to raising its presence in the Asia-Pacific region, which accounts for less than one per cent of its global sales. "We have undergone a major (product) price correction worldwide to increase
      SIEW YAW HOONG  -  409 words
    • Article
      Exklusiv goes for soft sell, opens 'fashion cafe' facility
      228 2 RENAULT distributor Exklusiv Auto becomes the first car agency here to have a go at soft-selling when it opens its "fashion cafe-style" outfit in Scotts Road today. Set up in a colonial black-and-white bungalow next to Renault's regional headquarters, the facility
      228 words
    • Article, Illustration
      Will cutting costs be enough?
      887 2  -  EYE ON THE ECONOMY Fortnightly wrap-up By, Anna Teo FOR many economists, the points of concern in Prime Minister Goh Chok Tong's speech on Thursday weren't so much his announcement that the economy shrank 1.5 per cent in the third quarter, nor his strongest indication
      887 words
    • Article
      Governments must make known their stand in IT age: SM
      514 2  -  Concern greater for Asia, Arinn Media Conference told By I Chuang Peck Ming THE government's stand must still be made known, clearly and consistently, even as information technology advances are eroding its control of the media in Asia and igniting
      514 words
    • Article, Illustration
      HDB resale price indices for Q3 drop back to 1995 levels
      511 3  -  Valuations for four main types of flats show double-digit percentage falls By) David Boey HOUSING and Development Board resale flat valuations fell across-the-board by between $5,100 and $14,000 in the third quarter of the year, pushing the price indices
      511 words
    • Article, Illustration
      Approved and seeking buyers
      273 3 Major landed residential projects not 100% sold DEVELOPMENT LOCATION TOTAL UNITS SOLD BALANCE LAUNCHED The Waterdale Garlick Ave 141 13 128 Kings Ville King's Rd 105 80 25 Holland Green Holland Green 49 19 30 The Riverina Elias Rd/Pasir Ris 210 114 96 The Springfield Jin
      273 words
    • Article
      Sharp fall in prices of commercial, industrial space
      484 3  -  Both sectors saw double-digit drops in third quarter By Carol Eng PRICES of both commercial and industrial properties fell sharply in the third quarter, with the value of commercial space down 11.7 per cent and industrial, 14 per cent. The declines were
      484 words
    • Article
      Lock icon Malaysia hasn't raised anything new to back latest claims: Mindef
      412 3 ALLEGATIONS OF AIR INTRUSIONS S'pore has already refuted allegations with facts last week, it says The Straits Times MALAYSIA'S latest statement on air intrusions by Singapore made on Thursday by its defence minister does not raise anything new to support
      The Straits Times  -  412 words
    • Article
      CIQ: S'pore agrees to extend deadline to Dec 15
      91 3 SINGAPORE has agreed to Malaysia's request for another month and a half to submit legal arguments supporting its claim of a legal right to maintain its customs, immigration and quarantine (CIQ) operations at Tanjong Pagar. Malaysia will now have up to
      91 words
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      164 2 CM of South Africa. At Le Meridien niiln Ihi' mil i>/ South \(i n n and embark on a culinary safari, presented by a /nod ambassador of the dark continent, l itis little-exfdored cuisine, using fruits of the African soil like Untternnt pumpkin, (.ape ijuince ami walnuts, fnoni/srs to be
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      856 3 IG KIAN ANN ENGINEERING LTD (Incorporated in Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Annual General Meeting of the Company will be held at The Board Room, 12 Jalan Lembah Kallang, Singapore *****8 on 16 November 1998 at 10.30 a.m. for the following
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S
      • Article, Illustration
        BT Sentiment Index
        551 4 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, Eraser, GK Goh, Kim Eng. OCBC, OngCo. Phillip, Indosuez WI Carr. ST Engineering ♦(Buy) Indosuez WI Carr, Oct 29, $1.59 ST Engineering's nine-month results were in line with fullyear expectations, with
        551 words
      • Article, Illustration
        In My Opinion
        437 4  -  Low Beng Lan Manager, institutional equity DBS Asset Management 44 SIAN equities rose by about 30 per cent il from their lows since end-August. What has changed to cause this sharp rally? The yen strengthened, Japan announced yet another banking package and the US Federal Reserve announced
        437 words
    • Article, Illustration
      It pays to stay diversified
      602 4  -  Wealthy Asian individuals, buffered by global diversification, have lost only 10% of their assets, says consultant !<!/■ Shiv Taneja [SINGAPORE] Regional markets may have been decimated over the past 12 months, but surprisingly, Asian high net worth individuals (HNWI) have lost just about 10 per
      602 words
    • Article
      Assets seen hitting US$23t by 2000
      198 4 DESPITE fears of global financial turbulence in the near term, high net worth individual (HNWI) assets around the world are set to grow 10 per cent a year to US$23 trillion (5537.2 trillion) by the turn of the century, according to the 1998 World
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    • Article, Illustration
      Lock icon PLDT is flavour of the moment for investors
      633 4  -  E7E ON THE REGIOM: THE PHILIPPINES Aggressive buying of telecom stock helps lift Phisix to five-month high tYom. Al Labita in Ma n ila NO stock has sizzled the market in the past weeks as much as the Manila and New Yorklisted
      FILE PHOTO  -  633 words
    • Article
      ACU DEPOSIT RATES Offered by various banks (as at Oct 29. 1998)
      680 4 Dfirt mmmt 1-Brt» 3-mWt P«»wlt mm—< H»tt 3-»tt Bank of China £25.000 £49.999 6.7500 6.5600 6.2800 SwFr A$ SW.000 SwF99,999 0.2900 0.4700 0.4100 10.000 49,999 3.8125 3.7500 3.6875 SwfWO.OOO S«fl49.999 0J900 0.5700 0.5300 50.000 i Above 4.1250 4.0625
      680 words
    • Article, Illustration
      Lock icon See Hup Seng: steady but staid
      587 5  -  Upbeat IPO sentiment could benefit the corrosion prevention firm: analysts Hy. Marissa Chew [SINGAPORE] COMPANIES like See Hup Seng, which provides blasting and coating services, are the Hondas of the corporate world they are basic and serviceable but lack the flair of the Fiats
      FILE PHOTO  -  587 words
    • Article, Illustration
      Lock icon Strike a balance between saving and investing
      789 5  -  A diversified portfolio, an early start in savings help build nest egg By. Faizal M Fazluddin The writer is a business development manager with UOB Asset Management, and a confirmed Generation X er. His only regret is that he wished he'd started saving
      FILE PHOTO  -  789 words
    • Article, Illustration
      Lock icon Asia starting to recover: SG
      632 5  -  Markets attractive as currencies are undervalued By i Catherine Ong [SINGAPOREI Asia, in particular South Korea and Thailand, is showing the "first green shoots" of a recovery in domestic demand and is looking attractive relative to other emerging markets, said the London-based global strategist of
      FILE PHOTO; CHRIS LOH  -  632 words
    • Article, Illustration
      Lock icon Fund profile
      301 5 Source: Investment objective Long-term capital growth through investing in securities traded on the stock exchanges of Japan Investment style Emphasis on securities selection using a bottom-up approach, coupled with rigorous and intensive research within a disciplined investment process. Market outlook The market has rebounded from its lows with
      Source:  -  301 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Indonesia won't hold banks to one-year deadline
      506 6  -  Talks nnderway to work out USsl4b loan repayment: finance minister From Shoeb Kagda ui Jakarta INDONESIA'S efforts to revamp its crippled banking sector took another turn yesterday with Finance Minister Bambang Subianto stating that banks will not be held to a one-year deadline
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    • Article
      Lock icon Seoul stocks up 4% as stronger yen sends foreign buyers in
      464 6 Industrial output up for first time this year in Sept Bloomberg [SEOUL] South Korean share prices soared nearly 4 per cent yesterday as foreign buyers moved into the market in force on the back of a stronger yen and
      Bloomberg  -  464 words
    • Article, Illustration
      Lock icon Global capitalism caused Asian crisis: Sakakibara
      254 6 Reuters (TOKYO] Eisuke Sakakibara, .Japan's vice-finance minister for international affairs, was quoted yesterday as saying that global capitalism is what prompted the Asian financial crisis. "The Asian crisis was not caused by problems in Asia, but was triggered by the 'global capitalism' which 9ought
      Reuters; FILE PHOTO  -  254 words
    • Article
      Lock icon China has no plans to revamp stock markets
      282 6 AFP AFX-Asia [SHANGHAI) Legislative chief Li Peng has ruled out any overhaul of China's stockmarket system, saying the A-share market will remain closed to overseas investors for the foreseeable future, the official China Dailyreported yesterday. "In the long term, the Ashare market
      AFP; AFX-Asia  -  282 words
    • Article
      Lock icon Suharto firms may be out of Unocal blocks
      169 6 Reuters (JAKARTA) Indonesian state 'oil firm Pertamina, continuing a drive against companies linked to former president "Suharto, has recommended that Unocal Corp buy out minority shares in two oil blocks, an official said yesterday. The Pertamina official. who spoke on condition of
      Reuters  -  169 words
    • Article
      Hang Seng tops 10,000 for 1st time since May
      356 6  -  Expected rate cats, strong Wall St, short-covering cited Front Loh Hui Yin ■in Hongkong ANTICIPATION of further interest rate cuts, a strong Wall Street and short-cover-ing by market players drove Hongkong shares over the important 10.000-level yesterday for the first time
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    • Article, Illustration
      Lock icon Hammered down real estate
      57 6 [BANGKOK] A potential buyer noting down details yesterday of real estate projects which will be auctioned by the upcoming Financial Sector Restructuring Authority (FRA) next month. FRA expects to complete the auction of all assets belonging to some 56failed finance companies that were shut down permanently
      AFP  -  57 words
    • Article
      Lock icon China to overhaul central bank
      222 6 Reuters [BEIJING] China yesterday unveiled a sweeping reform package for its central bank in a bid to reduce risk and avoid the Asian financial contagion. In the first official confirmation of the new structure for the central bank, People's Bank of China deputy governor Liu
      Reuters  -  222 words
    • Article
      No foreign bank loans unless Thais put in tough foreclosure law: broker
      568 6  -  Bangkok set to miss IMF deadline today on law amendments From Harish Mehta in Bangkok FOREIGN banks will not lend to Thai companies again unless the Thai government enacts a tough foreclosure law to protect creditors, a leading
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  • REGION/WORLD
    • Article
      Lock icon Consumption boosts US GDP by 3.3% in Q3
      382 7 WASHINGTON Rise in inventory investments helps moderate 2.9% decline in exports Reuters ROBUST consumer spending and brisk inventory investment boosted US output by a surprisingly strong 3.3 per cent in the third quarter, the government said yesterday in a report suggesting that
      Reuters  -  382 words
    • Article
      Both sides claim to be winning as Week 2 ends
      399 7 THE MICROSOFT CASE [WASHINGTON] The government and Microsoft both claimed on Thursday the evidence was helping their case as the second week of testimony in a landmark anti-trust case came to a close. But a much-anticipated videotaped deposition of Microsoft
      399 words
    • Article
      Lock icon US govt gets funds to settle S&L crisis claims
      165 7 WASHINGTON AFP Bloomberg THE US government has adopted a plan for paying an estimated US$3O billion (5548.7 billion) in claims arising from the savings and loan (S&L) crisis. Buried in the US$5OO billion 1999 federal budget deal is an agreement that
      AFP; Bloomberg  -  165 words
    • Article
      Lock icon Tiger funds' recent losses maul year's gains
      584 7 I NEW YORK Through Aug, funds up average 33%; last week they were flat Bloomberg Reuters BILLIONAIRE investor Julian Robertson's Tiger Management LLC funds lost billions of dollars in the past two months, wiping out all of the funds' gains for the year
      Bloomberg; Reuters  -  584 words
    • Article, Illustration
      Lock icon World Bank rushes loans to Latin America
      404 7 WASHINGTON Reuters FINANCIAL turmoil in Latin America is forcing the World Bank into the International Monetary Fund's business of rushing short-term emergency loans to countries caught up in the fast-moving crisis. At the urging of Western powers and over initial objections from some
      Reuters; REUTERS  -  404 words
    • Article
      Lock icon India to strengthen financial sector in face of Asian crisis
      340 7 BOMBAY AFP INDIA'S central bank announced here yesterday a string of measures to reform and strengthen the domestic financial sector. Reserve Bank of India (RBI) governor Bimal Jalan said the new measures were part of its monetary and credit policy
      AFP  -  340 words
    • Article
      Lock icon Greenspan keen on further rate cuts: report
      252 7 NEW YORK Reuters THE continued high risk premium in US bond prices continues to worry Federal Reserve chairman Alan Greenspan and may prompt further interest rate cuts, aci cording to a published report yesterday. i "While the stock market has gotten a psychological
      Reuters  -  252 words
    • Article
      Aussie national electricity market to start in December
      538 7  -  S'pore closely monitoring power liberalisation From, Ronnie Lim in Melbourne AUSTRALIA'S "national market" for electricity will finally start up on Dec 13, some five years after market competition trials first started here in the southern state of Victoria. This development will be
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      285 7 CRYPTIC CROSSWORD 1 Rejects and scoffs at make-up ■BaTHr"fefl H 5 A good man got into debt 9 I I I I 1 I when laid up (6) 9 Till the cows come home nevertheless! (8) 11 Sits with reel spinning with- hh wearying 12 Part after exchanging a quiet
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  • COMPANIES & MARKETS
    • Article
      SES looking at more flexible rules for share options
      629 8  -  Current rules seen by market as fairly stringent, more so than those in US By I Clarissa Tan [SINGAPORE] The Stock Exchange of Singapore (SES) is looking at*ways to give companies more flexibility in granting stock options. This move, observers said,
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    • Article
      Ipco may suffer $19m loss from terminated project
      285 8 [SINGAPORE] The spate of bad news from Ipco International continues, the latest being its termination of a 171 million Malaysian ringgit (Ss73 million) infrastructure project in Sabah that could lead to a $19 million loss. The company, which is stuck with Mid-Continent
      285 words
    • Article
      Lock icon G K Goh leaps 31% at opening on merger news
      146 8 Reuters [SINGAPORE] G K Goh Holdings Ltd's shares opened at 24.5 cents, or 31 per cent, higher at $1.03 yesterday, resuming trade after a one-day suspension and the announcement of a merger. The counter closed up 17.5 cents, or 22.3
      Reuters  -  146 words
    • Article
      Buying opportunity seen as Tokyo blue chips turn red
      745 8  -  HOCK LOCK SIEW Anthony Rowley MANY of Japan's so-called blue-chip companies have suddenly turned into "red" chips they have gone into the red in the first half of fiscal 1998. Others expect to make losses in the second half of the
      745 words
    • Article
      Creative shares up 26% in three days
      216 8 [SINGAPORE] Creative Technology's stock rose for the third consecutive day yesterday, gaining $1.10 or 4.8 per cent. The sound card maker was the day's top gainer in value terms. It rose over 10 per cent in early trading to touch the day's high
      216 words
    • Article
      Spindex IPO: applicants for 10-19 lots to get bulk of issue
      234 8 [SINGAPORE] Investors who applied for between 10 and 19 lots of the shares offered to the public by Spindex Industries Ltd will get the lion's share, or 33.91 per cent, of the initial public offer (IPO). The allotments were
      234 words
    • Article
      F&N unit gets Hanoi OK to buy up rest of Viet company
      311 8  -  Itwillpay $70mto folly own Coca-Cola Chuong Duong By Ven Sreenivasan [SINGAPORE] Coca-Cola Indochina yesterday announced that it has secured approval from the Vietnamese government to make Co-ca-Cola Chuong Duong Soft Drinks Company in Ho Chi Minh City a
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    • COMPANIES
      • Article
        SET to keep 'grey list' of firms' execs who hurt investor interests
        369 9  -  'Grey list' will be kept under wraps but 'black list' of serious offenders will be widely publicised From Harish Mehta in Bangkok IN a continuing effort to clean up Thailand Inc, the Stock Exchange of Thailand this week
        369 words
      • Article, Illustration
        Lock icon Man U sale to BSkyB under more scrutiny
        338 9 Opposition from fans, politicians prompts extended review Bloomberg [LONDON] UK anti-trust regulators have ordered an extended review of British Sky Broadcasting Group pic's purchase of English soccer team Manchester United pic, citing concerns over broadcasting competition and "the wider public interest". The
        Bloomberg; FILE PHOTO  -  338 words
      • Article
        Showpla Asia axes 256 workers
        167 9 [SINGAPORE] Mainboardlisted Showpla Asia has cut its staff by 256 people as part of ongoing efforts to strengthen its financial situation. In addition to shedding 17 staff from the company, the group is also axing 40 people from wholly-owned subsidiary Showpla Technology Centre (S). The
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      • COMPANY Briefs
        • Article
          Nobel director sells 2m shares
          37 9 [SINGAPORE] Nobel Design Holdings director Choong Chee Peng has sold two million shares in the company at 19.5 cents each, thus reducing his stake to 10.8 per cent or 10.06 million shares.
          37 words
        • Article
          Changes at TLB Land board
          108 9 [SINGAPORE] TLB Land has appointed Teo Soon Hoe, Alan F C Choe and Kevin Wong King Cheung to its board with effect from today. Mr Teo is group finance director of Keppel Corporation. Mr Choe and Mr Wong are members of the Keppel Land board.
          108 words
        • Article
          S'ang Resources board member quits
          22 9 [SINGAPORE] Sembawang Resources yesterday said Mak Lye Mun had resigned from its board, effective on Oct 27.
          22 words
        • Article
          Lock icon Hutchinson Whampoa's HK$2.5b loan
          43 9 Reuters [HONGKONG] Hutchison Whampoa Ltd on Thursday signed a HK$2.5 billion (*****.8 million) club loan, bankers said yesterday. The loan, which has a tenure of three years, will be used for general corporate purposes and was self-arranged by Hutchison.—Reuters
          Reuters  -  43 words
        • Article
          Lock icon Toyota ups stake in Slain Toyota
          84 9 AFP [BANGKOK] Toyota Motor Thailand Co Ltd has boosted its holding in engine-maker Siam Toyota Manufacturing to 60 per cent by acquiring a 10 per cent stake from Industrial Finance Corp of Thailand (IFCT), a company spokesman said yesterday. The stake cost 240.6 million
          AFP  -  84 words
        • Article
          Lock icon Nikon posts 2.2b yen loss
          83 9 AFP [TOKYO] Nikon Corp said yesterday it slid into the red for the six months to September, hit by a microchip slump, Japan's recession and the Asian economic crisis. The Japanese camera manufacturer incurred a parent pre-tax loss of 2.2 billion yen (5530.7 million), against
          AFP  -  83 words
      • Article
        Sing Tel, British Telecom in services project tie-up
        143 9 [SINGAPORE] Singapore Telecom and British Telecommunications yesterday signed a memorandum of understanding (MOU) to explore opportunities for enhancing their International Leased Circuit (ILC) services. Under the MOU, they will look into joint projects to better serve customers' needs. These projects, according to
        143 words
      • Article
        Low Keng Huat suffers bigger HI loss of $2.5 m
        216 9 Poor results due mainly to losses at its Ho Chi Minh hotel [SINGAPORE] Construction and property group Low Keng Huat deepened its net loss for the half year ended July 31 to $2.5 million as its Saigon hotel suffered heavy
        216 words
      • Article
        Comfort in venture to sell Hicom trucks
        255 9  -  By i Christopher Tan [SINGAPORE] The largest taxi company in Singapore, which also sells cars, minivans and motorcycles, has just got into a deal to distribute trucks. Comfort Group has set up Com Trucks Pte Ltd to sell Hicom Perkasa commercial vehicles here.
        255 words
      • Article
        Lock icon SIA still looking at buying 25% China Airlines stake
        359 9 Taipei foundation plans to sell half its 71% stake in carrier AFX-Asia Reuters [SINGAPORE] Singapore Airlines said yesterday it is still considering buying a 25 per cent stake in China Airlines. The SIA statement followed one issued by the China Aviation
        AFX-Asia; Reuters  -  359 words
      • Article
        Lock icon JAL first-half pre-tax profit up 36%
        376 9 AFP [TOKYO] Japan Airlines Co Ltd said yesterday it pushed up profits in the six months to September but warned the recession was pulling down passenger and cargo traffic. JAL, Japan's largest airline, said parent pre-tax profit was up 36.4 per cent at 29.3
        AFP  -  376 words
      • Article
        Lock icon HK, US firms may buy PLDT stakes
        262 9 AFP [MANlLA] Hongkong's First Pacific Group and US-based Southwest Bell Corp may both acquire stakes in blue chip Philippine Long Distance Telephone Co (PLDT), President Joseph Estrada said yesterday. PLDT, the country's dominant telecommunications player which had been busy fighting what it described
        AFP  -  262 words
      • Article
        Lock icon DuPont to buy Hoechst's Herberts paintmaker
        113 9 Bloomberg [WILMINGTON, Delaware] DuPont Co, the biggest US chemicals company, has agreed to buy paintmaker Herberts from Germany's Hoechst AG for 3.13 billion Deutschemarks (Ss3.l billion) in cash, making DuPont the world's No 1 maker of car paints. The combination will have annual sales
        Bloomberg  -  113 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon US stock funds rebound after heavy weather
        458 10 Positive cashflow of USs6.sb in Sept after outflow of USsll.7b in Ang Reuters [NEW YORK] US stock mutual funds are back in favour with investors after running into some severe turbulence during August, according to new industry figures. The Investment Company Institute, trade
        Reuters  -  458 words
      • Article
        Lock icon Aussie big banks forecast to show 7-21% profit growth
        367 10 NAB, St George and Westp&c results set to defy Asia crisis Bloomberg [SYDNEY] Australia's biggest banks report second-half earnings starting next week, with results expected to show they are mostly defying Asia's recession. Analysts say the big four banks National Australia
        Bloomberg  -  367 words
      • Article, Illustration
        Lock icon Mixed outlook for greenback
        433 10 USS/mark: The greenback started the week on a strong note, only to relinquish all gains towards the end of the week. USS/mark had rallied to a high of 1.6668 on Monday but by Thursday it was down to a low of 1.6448 and was seen trading
        Source DBS Bank  -  433 words
      • Article
        Lock icon Mitsui Trust to quit offshore banking
        250 10 AFP Bloomberg [TOKYO] Japan's Mitsui Trust and Banking Co Ltd yesterday said it would withdraw from offshore banking operations next year under a sweeping restructuring plan. Mitsui also said it had reached a basic accord with State Street Corp of the United States to
        AFP; Bloomberg  -  250 words
      • Article
        Lock icon Sumitomo Bank to help ailing ally
        176 10 AFP [TOKYO] Japan's Sumitomo Bank Ltd said yesterday it would step in to help an ailing regional bank in a 35.8 billion yen (***** million) deal. Sumitomo, a top Japanese commercial bank, said it will raise its stake in the Bank of Kansai Ltd
        AFP  -  176 words
      • Article
        Lock icon Futures pin hopes on property prices
        156 10 SIMTIX Report MSCI Singapore Index Jardine Fleming THE MSCI Singapore Index Futures rose yesterday on optimism that property prices will rebound. The benchmark three-month interbank rate fell for a second day to 2.75 per cent, a 20-month low. Big property stocks like City Developments
        Jardine Fleming  -  156 words
      • Article
        Lock icon Futures up again as stocks surge
        182 10 MS& Taiwan fixtures Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract continued its raUy yesterday gaining 4.70 points. Computer chip makers led the 84.57 points gain in the benchmark stock index as investors' confidence was boosted by the rosy sales figures reported
        Refco Singapore  -  182 words
      • Article
        Lock icon Saudis seek more efforts to cut oil volatility
        299 10 ENERGY REPORT Reuters [CAPE TOWN] Petroleum powerhouse Saudi Arabia said yesterday it wanted to pursue further efforts among producers to reduce boom-and-bust oU price volatUity. The kingdom's OU Minister, Ali al-Naimi, said producers in and out of the Organisation of Petroleum Exporting
        Reuters  -  299 words
      • Article
        Lock icon CURRENCY REPORT
        263 10 AFP Reuters London THE dollar pulled back from the brink of a precipice yesterday as major industrial powers unveiled plans to head off economic crises and prevent fresh outbreaks of financial turmoil. The Group of Seven industrial nations said they will reform the Bretton Woods institutions and set
        AFP; Reuters  -  263 words
      • Article, Illustration
        Untitled
        1228 10 MTERBAIfK CROSS RATES 0ct30 AS C$ tmb ECU Ffr HK$ NbhUH Yen *m Mi MgNfc ta N> S} N Sir m WNrt Australia 0.970 6.178 0.526 3.466 1.034 4.843 26.484 47.687 0.726 1249 2.377 1.*****885 ***** lOtt 3.565 0.*****279 22.968 0173 0*25 Canada 1.031 5.349 0.542 3.572 1065 4.992 *****
        1,228 words
    • Article
      COMMODITY PRICES
      1910 11 S1C0M PUTURES Oct 90 RUBBER (Mures closing as *t 5.30pm) RSS1 CONTRACTS cents/hq) Close Volume Open Month High low Sett (tonnes) Interest Nov 98 116.50 1250 Dec 98 116.75 1450 Jan 99 118.75 80 550 Feb 99 120.75 725 Iter 99 122.00 1175 Apr/Jwi 99 125.50 125.50 125.50
      1,910 words
    • Article
      WORLD STOCK MARKETS
      2365 11 LONDON Industrials Oct 30 Pt*t 31 Group I 509.400 4.400 AB Ports 277.000 -1.000 Abbey National 1162.000 14.000 Allied Domecq 550.000 14.000 Allied Zurich 714.000 40.600 Amec 176.000 1.000 Asda Group 161.000 1.800 SAT Ind 539.400 24.200 BG PIC 391.400 -4.200 BICC 50.000 uivch BOC Group 877.000
      2,365 words
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      Lock icon TOKYO
      1620 11 Reuters AFP Q Nikkei 225 -***** STOCKS slumped yesterday as a stronger yen prompted concerns that blue-chip exporters will suffer weaker earnings in the second half of the financial year. The benchmark Nikkei Average fell 104.21 points, or 0.76 per cent, to 13,564.51. It finished 580.19 points, or 4.1
      Reuters; AFP  -  1,620 words
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      Lock icon HONGKONG
      1562 12 Reuters AFP Hang Seng +223.48 STOCKS closed higher yesterday as cash-rich foreign funds streamed into the market, putting sidelined money back to work, brokers said. The Hang Seng Index gained 223.48 points, or 2.25 per cent, to end at 10,154.94. its highest close since May 4. The blue chip
      Reuters; AFP  -  1,562 words
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      Lock icon CHINA
      676 12 Reuters Shenzhen B Index -2.03 SHKNZHEN'S hard currency B Share Index ended 3.13 per cent lower yesterday as fears of tighter restrictions on domestic investors' access to the market prompted heavy selling, analysts said. The B Share Index lost 2.03 points to close at 62.75 on turnover of HK$25
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  676 words
    • Article
      Lock icon TAIPEI
      402 12 AFP □§p Index +84-57 TAIWAN share prices moved up 1.2 per cent yesterday, led by technology shares, buoyed by overnight gains on Wall Street, dealers said. The Weighted Price Index rose 84.57 points to 7,101.46, following a 0.8 per cent rise in the previous session. "The market trend was
      AFP  -  402 words
    • Article
      Lock icon WELLINGTON
      262 12 AFP fl Wellington +13-95 NEW Zealand stocks closed yesterday up 0.7 per cent as low interest rates and Wall Street's overnight gains supported the market. The NZSE-40 Index rose 13.95 points to 1,878.55 on solid turnover of NZ$ll4 million. Telecom Corp was up three cents to NZ57.79. AFP Cuttus
      AFP  -  262 words
    • Article, Illustration
      Lock icon BANGKOK
      788 12 AFP Cj SET Index -13.78 THAI share prices dropped 4.2 per cent yesterday in heavy trading as local retail investors cashed in profits in the banking and finance sectors, analysts said. "The market needs a big correction otherwise it cannot move further," National Finance and Securities vicepresident for securities
      AFP  -  788 words
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      Lock icon SEOUL
      403 12 AFP n Composite Index +14.45 SOUTH Korean share prices soared nearly 4 per cent yesterday as foreign buyers moved into the market in force on the back of a stronger yen and positive economic news, dealers said. There was also intense fu-tures-related bargain hunting among institutions following the revived
      AFP  -  403 words
    • Article
      Lock icon SYDNEY
      591 12 AFP Q All Ordinaries +30.0 AUSTRALIAN share prices gained 1.2 per cent yesterday, buoyed by speculation of an interest rate cut that has driven the market all week. The All Ordinaries Index rose 30 points to 2,647.3. The All Industrials Index gained 53.2 points to 4,617.6 while the All
      AFP  -  591 words
    • Article, Illustration
      Lock icon JAKARTA
      701 12 AFP |2 Composite Index -8.64 INDONESIAN shares yesterday closed 2.8 per cent lower on local political concerns in the run-up to a planned special assembly session, dealers said. "I think the share price falls were due to investors' worry that protests could escalate ahead of Parliament's special session," a
      AFP  -  701 words
    • Article
      Lock icon MANILA
      335 12 AFP W 1 Manila +86.08 PHILIPPINE share prices closed 5.2 per cent higher yesterday due to an appreciating local currency, lower interest rates and signs that foreign investors were returning, analysts said. The Composite Index rose 86.08 points to close at 1,755.04 points. Volume rose to 3.39 billion shares
      AFP  -  335 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8808 13 INDUSTRIALS Consumer products 1998 L«l Vot Day Net Cap High Low Company Salt 000 High Low P/C Smil 310 170 Ajinomoto 240 13.2 97.3 148 35 Angkasa 55 81.1 290 123 Apollo Food Hiq 190 unch 4 196 190 6.6 76.0 388 108 Beriaya Land 138 1 93 140 136
        8,808 words
      • Article, Illustration
        Lock icon Shares lower as focus shifts to Anwar trial
        444 13 AFP Composite Index -LO2 MALAYSIAN share prices closed barely lower yesterday as earlier rises on the back of further bank recapitalisation news failed to gain momentum. "Players, especially retail investors, were cautious as (former) deputy prime minister Anwar Ibrahim's trial is to
        AFP  -  444 words
    • WARRANTS&OPTIONS
      • Article
        Untitled
        2778 14 BONDS, LOANS WARRANTS wt 1998 Last Vol Day Last Quota Avq Hiqn Low Stno Company Sal* *or- (OOO) High Low Buyor Sol lor Prlco 20.5 3 3160 "Acer <¥*****1USS 13.5 -1 302 15.5 13.5 13 14 95 4.5 3164 AcmaW0l0724 19 »0.5 858 19.5 18 18.5 19 18 3161 AIITech
        2,778 words
      • Article
        San Teh warrant sees high volume
        210 14  -  WARRANT WATCH liy R Sivanithy THE furious rotational playing of penny stocks is now in full swing. As one dealer yesterday put it, "the market is now scrapping the bottom of the barrel top volume and percentage gains are being recorded by companies which
        210 words
      • Article
        CLOB INTERNATIONAL
        236 14 HONGKONG STOCKS Gf Gr 1998 Last V* Day La»« Quota Wv Otv rid Nat M Cap High Law Stno Company Sala COOO) High Law Buyar Sa<tar C'vf P/E im* 400 250 5123 COC (2000) MK. 400 8.0 2.4 2.0 20.5 7744 7 5124 Cathay Pac 20c HK-.720 265.0
        236 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6919 15 Transaction date: Oct 30 Cr Or M Wt 199a Lift V* Day Last Ouota W* tMv YM Mat Cap High LOT St No Company rOOO) H» Lot Buyar S»»«r C'w P/E SmM Prtca MHLTHNOUSTVY 142 49.5 m t tOOO Ac ma 50c 81.5 2
      6,919 words
    • Article
      SESDAQ
      1276 15 Of Of M Wt 1998 LMt VM Day Lut Ouoti IN* Dtv VM Nat Cap A»g Hm» f Wh C—p—y COOOt U» low umtr C*w Wl WWW MAHUf ACTURINC 243 30 2049 AS Auto K)C 99 6109 HH 91 98 99 15.0N T.0 1.5 9 J "3.0 93 82
      1,276 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      336 8 FORUM THE WAITING GAME IS OVER The Conference to Restore Confidence 19-20 November 1998 Jakarta Convention Center, Jakarta SPEAKERS INCLUDE BJ. Habibie, Jean-Michel Severino, Roberto de Ocampo, the President of VP East Asia Pacific, Former Finance Minister, Republic of Indonesia The World Bank the Philippines Ginandjar Kartasasmita, Paul Keating, Bambang
      336 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      69 9 Shoppers' Paradise for Traders around the world Indonesia THE BEST equipped Pl irnitl ITP Offering the UNIQUE, CLASSIC and L.W LH" 1,1 V! CONTEMPORARY products for: Guest Room Living Room Office Furritu r e C VKN/%'o>< Dininq Room 'Bedroom 'Terraces C A T O .Kitchen Jakarta Convention Center Indonesia, October
      69 words
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  • Page 13 Advertisements
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      201 13 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 KETCHI M ADVERTISING (S) fTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN THAT A FINAL GENERAL MEETING Of THE COMPANY WILL BE HELD ON THE 30™ DAY Of NOVEMBER, 199# AT 10AM AT 10 HOE CHIANG ROAD 18-00 KEPPEL TOWERS SINGAPORE *****5
      201 words
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      Page 13 Advertisements Column 2
      110 13 NOTICE IS IIHKHHY GIVEN that. I CHIAU FONG WF. of Hlk 835 *08-550 Hougang Central, Singapore *****5. have applied lor a Retail Liquor Shop Licence in respect of MA As trill Meadows Mini Mart and Snack Bar located at 50 Coronation Rd West *01-02 Somerset Court, Singapore *****4, and that
      110 words
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      Page 14 Advertisements Column 1
      268 14 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 NOTICE IS HEREBY GIVEN that, I JOY MARIE BERNASCONI of 3 Gallop Road *02-6U, Gallop Court, Singapore *****4, have applied for a Public House, Ist Class Licence in respect of M/s Caffe Beviamo Pte Ltd located at 36 Purvis Street *01-01, Singapore *****2, and
      268 words
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      Page 14 Advertisements Column 2
      540 14 DAI GO INTERNATIONAL PTE LTD (IN MEMBERS VOLIVTARY LIQUIDATION) NOTICE IS HEREBY GIVEN THAT A FINAL GENERAL MEETING OF THE COMPANY WILL BE HELD ON THE JO™ DAY OF NOVEMBER, 1998 AT 10AM AT 10 HOE CHIANG ROAD #18-00 KEPPEL TOWERS SINGAPORE *****5 FOR THE FOLLOWING PURPOSE. AGENDA 1. To
      540 words
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      Page 14 Advertisements Column 3
      17 14 Lost jpet? v mm Try finding it at Classification 821 (Found) of The Straits Times Classified. CATS.
      17 words
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      Page 14 Advertisements Column 4
      183 14 WSS3M ASSISTANT VICE-PRESIDENT |i|i|M (MARKETING) Your contribution to the team's objectives will be in: assisting in the analysis, evaluation and documentation of derivative transactions, and progressing on to a business development role in active sales by targeting, soliciting and facilitating new businesses. Your preparing and developing sales proposals undertaking financial
      183 words
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      Page 15 Advertisements Column 1
      63 15 Blanc pain case back the Flyback chronograph's 0 EXCLUSIVELY AVAILABLE AT: SINGAPORE: Cortina Watch Centre Pte Ltd Raffles City #01-36 Tel: *****85 Lucky Plaza #01-32 Tel: *****68 Millenia Walk #01-63/64 Tel: *****28 Paragon #01-13 Tel: *****84. V^ ig. MALAYSIA: Le Cortina Watch Sdn Bhd (*****-H) G32 K.L. Plaza 179 Jalan
      63 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Untitled
      351 16 Stocks VotaiM IPC Corpn 5c 44,707,000 Heshe Hldgs25c 24,332,000 Raffles MedlOc 23,087,000 Winq Tai 25c 18,229,000 Hotel Prop 15,241,000 Kim Eng25c 14,877,000 Keppel Land50c 14,211,000 Teledata 10c 13,242,000 lianq Huat 10c 12,658,000 China M USIc 12,350^000 Stocks 5 oes Foreign 47,681.356 UOB Foreign 34,860,692 City Oev 32,711,368 0U8 Foreign 28,686,710
      351 words
    • Article, Illustration
      STI crosses key 1,200 mark as market hits 5-month high
      680 16  -  STOCK MARKET COMMENTARY Expectations grow of prime rate cuts, bat traders warn of a possible correction ahead By Ven Sreenivasan [SINGAPORE] Local shares cruised to a five-month high on the back of strong speculative local buying and short-covering by hedge
      680 words
    • ON THE GRAPEVINE
      • Article
        Hedge funds too greedy
        95 16 BANKING consultant Phuah Eng Chye said financial markets are not neutral. They tend to favour the rich and powerful at the expense of the weak and poor. That's how the hedge funds made their billions by feeding on the weak. But the hedge funds got too
        95 words
      • Article
        Not just for adults
        75 16 MERCHANT bank and fund management firm Rothschild is celebrating 25 years in Singapore, and to commemorate this occasion, they are sponsoring a series of concerts organised by the Singapore Symphony Orchestra in late November. Happily, it isn't the stuffed-shirt variety aimed at just the grown-ups, but
        75 words
      • Article
        The alternative
        80 16 ATTENDING industry conferences can be time-consuming and pretty boring, to say nothing of the expense (they typically cost upwards of US$l,5OO (552,430) per head for a two-day affair). Recognising this and the fact that most corporate travel budgets have been pared down significantly—lßC Asia, which is organising a
        80 words
      • Article
        Dressed to conform
        124 16 MANY of us are by now used to receiving invitation cards laying down the dress codes for the occasion. The prescribed attire ranges from the stiff black tie and officious lounge suit to national dress and even smart casuals. For the most part, dress code recommendations are
        124 words
      • Article
        Rising from the ashes
        107 16 THE Delifrance cafe outside Scotts shopping centre, razed by fire a few months back, is opening again "like a phoenix rising from the ashes", the cafe's PR people tell us. When the cafe burnt down to the ground, Delifrance had quickly called in Parisian designer Frederic
        107 words
    • Article, Illustration
      HOT STOCK
      68 16  -  by Shiv Taneja HESHE Holdings closed one cent higher yesterday at eight-and-a-half cents on a volume of 24.3 million shares, compared with its 10-day traded average of 5 8 million shares The daily and weekly RSI and Stochastics indicate that the medium-term outlook for the counter is neutral
      68 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      310 16 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 NOTICE IS HEREBY GIVEN that, I SETHURAJAN S/O MANICKAM of 37 Beach Road Singapore *****8, have applied for a Retail Beer Shop Licence in respect of M/s Podakkudi Mini Mart located at 121 East Coast Road Singapore *****7, and that this application will be
      310 words
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      Page 16 Advertisements Column 2
      598 16 IN THE MATTER OF THE COMPANIES ACT,CAP 50 AND IN THE MATTER OF MIDSOUTH ENGINEERING TRADING PTE LTD 'CBttnsnogir At an extraordinary general meeting of the members of the above-named Company duly convened and held at 10, JALAN BESAR, #06-02, SIM LIM TOWER.SINGAPORE *****7 ON 27TH OCTOBER 1998, the special
      598 words
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      Page 16 Advertisements Column 3
      442 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PALLAGOLO ELECTROPLATING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 20 Maxwell Road #11-24, Maxwell House. Singapore *****3 on the 26th
      442 words
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      Page 16 Advertisements Column 4
      960 16 VICKERS BALLAS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of the Company will be held at Windows East. 20th Floor, Four Seasons Hotel. 190 Orchard Boulevard, Singapore *****6 on 16 November 1998
      960 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Mixing design and commercialism
      2721 17  -  COVER STORY Critics of the International Design Forum tell jaime ee it has become too commercial, but its defenders argue that it is striving for a balance JAIME EE AT the recently ended International Design Forum (IDF) '98, one local design stood out from among the
      FILE PHOTO  -  2,721 words
    • STRAWS In The Wind
      • Article
        Every little tag counts
        69 17 ONE reporter who went to a press conference recently was issued the standard plastic press tag for identification. Usually, reporters just clip it on for the duration of the press conference and then stuff it in their press kits when they leave or just trash it.
        69 words
      • Article
        Word in the office is ...
        115 17 Word in the office is AN offering from a cyberwit on the of- fice vocabulary of the 90s: ♦Blamestorming a group discussion on why a deadline was missed or a project failed and who was responsible. ♦Seagull manager a manager who flies in, makes a lot of noise, shits over
        115 words
      • Article
        US$400m down the drain
        57 17 HERE'S one advertising campaign that didn't quite milk its potential. The American dairy industry had spent nearly US$4OO million (*****.9 million) in a four-year blitz to encourage people to drink more milk. What they found, however, was that milk sales went down at an accelerated rate
        57 words
    • PERSPECTIVE
      • Article, Illustration
        Lock icon Uncovering the truth about Jack Kerouac
        1031 18  -  A new biography finds that his definitive work was far from a spontaneous burst of genius, but the result of careful, almost traditional planning for 2 years, reports Patrick comnole PATRICK CONNOLE Reuters JACK Kerouac is said to be the writer who launched a
        Reuters; FILE PHOTO  -  1,031 words
      • Article
        Lock icon Lack of vitamins may cause cancer
        584 18 HEALTH US experts say poor diet can damage cells in much the same way radiation does Reuters {RESTON, Virginia] The ail-American junk food diet could be causing more than $n epidemic of obesity, heart disease and diabetes. It could be giving millions of people
        Reuters  -  584 words
    • VIEWPOINT
      • Article
        Designed to make people part with their money
        815 19  -  Off the cuff From furniture to pagers, designer goods often ignore the practical, which indeed, would have made such items unnecessary in the first place by Jaime Ee I LIKE good design as much as anybody. That is why I work to
        815 words
      • Article, Illustration
        An opponent of playing it safe
        1492 19  -  From Russia to Yugoslavia, former US defence minister Caspar Weinberger laments to louis beckbrldtg about the lack of decisive US action LOUIS BECKERLING PORMER US defence minister Caspar Weinberger has given up the sword for the pen and is now a columnist for the
        1,492 words
    • DESIGN
      • Article, Illustration
        Lock icon Shaping stories as he speaks architecture
        1500 20  -  Renowned architect Michael Graves' work spans the whimsical to the post-modernist. The man himself also refuses to be pigeon-holed, explaining to jaime ee his holistic view of his chosen art form JAIME EE CHANCES are that, if you are not an architect or the
        CHRIS LOH  -  1,500 words
      • Article, Illustration
        Starck turns on the charm again
        332 20  -  Prom taps to WCs, his second edition is ingeniously designed By Jaime Ee MENTION Philippe Starck and all trendoids will freeze in awe. What to-die-for adornment has the great designer come up with yet again? The man who has put his name on every
        332 words
    • EPICURE
      • Article, Illustration
        Turkish buffet a real eye-opener
        506 21 FOOD PROMOTION Some dishes seem strange, but others are well worth a try /ft/Rahita Ellas THINK Turkish food and Donner Kebabs come to mind. But Turkish cuisine is so much more than that. If you're keen to try it out, pop by Mandarin Singapore for
        506 words
      • Article, Illustration
        Lock icon Simply the best Teochew cooking
        730 21  -  Ban Seng restaurant much missed by LARBY wee, reopens at The Riverwalk LARRY WEE AT last. The Ban Seng Teochew restaurant is back in business, and not a moment too soon either. I thought there would be no trouble finding alternatives when Ban Seng's former
        CHRIS LOH  -  730 words
      • Article
        $25 dish practically free
        74 21 CRAVINGS HERE'S an irresistible offer from Spring Court, the restaurant in Upper East Coast Road. In celebration of its 69th anniversary, it's offering patrons a dish that's all of 69 cents. For this, you will get a deep-fried Talipia in traditional gravy (usual price $25). But
        74 words
      • Article, Illustration
        Familiar Cantonese favourites
        133 21 THOSE in search of some Cantonese comfort food, look no further than Peach Blossoms at Marina Mandarin. Starting tomorrow, Chef Lau Swee Theen will be offering 16 favourites with a home-cooked flavour. Mindful of the current mood, these dishes will be served up in value-for-money portions and
        133 words
      • Article, Illustration
        Mexican flavours at Four Seasons Hotel
        99 21  -  Compiled by Elaine Koh ON to more adventurous fare from Four Seasons Hotel, which will be having a Mexican-themed promotion between Nov 2 and Nov 14. Described as cuisine that "wakes up the senses", the dishes include Ceviche Yucatan (a Yucatan cocktail of yellowtail
        99 words
      • Article
        A scintillating experience and cautionary reminder
        668 21  -  WINE CONNOISSEUR An excellent tasting session was marred by a possible fraud By N K Yong APART from the pleasure of building up your own cellar of wines, one often overlooked benefit is that you are assured that of their authenticity. Knowledge of the
        668 words
      • Article, Illustration
        Lock icon Much ado at Hu'u for acid jazz lovers
        539 21  -  NIGHTSPOT The bar next to the S'pore Art Museum has hit the right note By: Parvathi Narayan HU'U: small atoll off Java with waves few surfers can ride. Hu'u: new acid jazz bar currently peaking the popularity crest, the newest dive where
        SIEW YAW HOONG  -  539 words
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        Lock icon Steve Martin develops new laugh lines
        907 22  -  PEOPLE The comic actor puts his inimitable style to paper. The collection of musings Pure Drivel turns out to be more th*n the title suggests By' Mel Gussow NYT STEVE Martin, the actor, comedian and screenwriter, began his fourth career or was it his
        NYT  -  907 words
      • Article, Illustration
        WHAT'S ON
        371 22  -  Compiled by M Yasotha DAMCE Moscow City Ballet: Swan Lake This production of the full-length Swan Lake features some of the most beautiful sets and costumes created by the artists of the Bolshoi Theatre. Nov 4-5, Bpm at Kallang Theatre. Tickets: $75, $50, $35. $25 $15 available at
        371 words
    • Article, Illustration
      CINEMA
      687 23 Antz. Animated feature about human-like ants. Previewing at Lido, Chinatown. Choa Chu Kang, Hougang, Woodlands, Jurong, Republic, Changi, Century, Republic, Orchard, Cathay, Eastshore, Beach Road, Bugis, Toa Payoh, Whitesands. Empress, Jubilee, Yishun, Bishan, Tiong Bahru, Boon Lay, Marina, Tampines, Princess, Clementi, New Crown, East point, Riverside. Black Dog. Patrick
      687 words
    • Article
      ENQUIRIES AND BOOKINGS
      118 23 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 EngWah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Golcton Villaga 1900-912-1234 332-6098 for group bookings <$ wheelchair facilities Bishan Boon Lay Marina TampinesS Tiongßahru Yishun Ovarsaas Mo via Clementi/Co'viealth 777-0669 Golden/New Town
      118 words
    • MOTORING
      • Article, Illustration
        Living up to a romantic name
        1135 24  -  The reassuring feel of the Freelander gives Christopher tan the freedom to wander off the beaten track, or rather the overused expressways CHRISTOPHER TAN PREELANDER, you must admit, is a great name for a sport-utility vehicle. It spells ruggedness, a little on the wild
        1,135 words
    • TRAVEL
      • Article, Illustration
        Lock icon Cairo—the phoenix behind the chaos
        918 24 Cairo —the phoenix behind the chaos A new book looks at the city's capacity to survive and thrive FT THE city of the phoenix Cairo has survived through the centuries against all odds, write? Nicholas Woodsworth. As anyone who has ever strolled its streets will tell you, Cairo is one
        FT; FILE PHOTO  -  918 words
  • Page 17 Advertisements
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      13 17 "r9 Viewpoint JWi Caspar Weinberger *i 'rU US foreign policy ■Uk tem EL3
      13 words
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      Page 17 Advertisements Column 2
      181 17 Design Michael Graves talks architecture EL 4 JSHmi pi a TURKISH EXPERIENCE 'DUcw&i mane fowl, cuitune tUfai cxotic Hunfetf,. BBBBBBHBBBBBBSBSBBHHHP!SfiBSBSBBB^SSSSBBSB(iHHSBBBi^^3BBB^^SBSBB^BBB^SBSSB^SfiBS Legendary Kahramammaras Ice-Cream, show as well as a demonstration cum Lady's Thigh Meatballs, Doner Kebab, sale of Turkish pottery. All by an entourage Noah's Pudding, Pilaf, Quince dessert and of
      181 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      317 18 ANTI-AGING SEMINAR n Age itf inevitable, but aging id not We can't turn back the clock, but we can slow it down. Find out how at our Anti-Aging Seminar. Be one of the first in Singapore to discover a revolutionary concept in Anti-Aging brought to you by Life Renewal (a
      317 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      88 19 l£ leE liE ie£ WT^lMOllddyS 1 Fed decision on rates s a gin?lf's!sT 1; I crucial for markets gl||flf ja L 1 The Week Ahead fBBBBBBBBBBBH j jsf ""Va mjp h|i i»yi < 1" i§§§£ 081 itsj Jll] II p\l by R. Sivanithy Z-JZ. JuS i»w»ir*Dd la pncw Mw.*w~e«e«—f—i jW~
      88 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      363 22 ¥¥7i a l* i a -x Presented 4Diners club Offers 70 members-only airport lounges j Tqa pp|y cajj. Where to Wine, dine and entertain... that other card companies talk about WM m 4545 "lunch" is the best for lunch and high tea rolled into one. Which means longer serving hours
      363 words
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      Page 22 Advertisements Column 2
      119 22 a TURKISH I EXPERIENCE i .V *Ducowi manc food. cultunc A diqJiu *4 exotic HurUuty Presented by chefs and performers from TUTAV, the Promotion Foundation ofTwisey. SO Oct 6 Nov 1998 the Belvedere Reservations: 831 6288 .m Mandarin |JJj Singapore 333 Orchard AW *****7. TeL *****11 Fax: *****61 Sunday 12
      119 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      2167 23 TODAY'S TV Prime 12 RECOMMENDED VIEWING Premiere 12 VjM W 9 E BJO AM TV Innovations 9.55 AM Response TV. 2.00 PM Response TV. T„M n 11.55 TV Innovations. 2-40 3 Botak. Sfpa np* tho Table topper Aston Villas LOO FMA sian Bowling Tour: i 4.35 Pencipta. uiviuuig Uiv unbeaten
      2,167 words
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