The Business Times, 7 November 1998

Microfilm: NL21355
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    17 1 MIT A (l») I l(«/l^>7 85c THE BUSINESS TIMES SINGAPORE Internet: http://business-times.asial.com.sg/ WEEKEND EDITION, NOVEMBER 7-8, 1998
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  • Article
    MARKET SUMMARY
    60 1 m 1283.71 (-15.76) nir-su mm 91% M (-6.29) nsusa FUTURES md 18MB (-2.64) STOg MA1IET mPKBS Wfedwaday Cfcuge KLSECOMP 1,160.88 +4.54 NIKKEI 20.663.83... +10.96 HANG SENG X»1.S4_+IM« SET INDEX 1,539.86....+ 1X22 JAKARTA 00MP 515.50__+2.79 CLSA CHINA B 1,158X8 -1X62 MANILA 2,107.00 +1.5 TAIPEI 1,158.38 -1X62 SEOUL COUP 2,107.00
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  • Article
    FINANCE
    71 1 FOREX BATES us* ss US$ 1.636 S 1.660 2.696 DM 0-561 .6.962 YEN 160 6.754 1.299 HK» HOI— 6211 BAHT 6.60 6.087 RUP1AH 166 .6.611 6.617 PUB 1MB SINGAPORE* 7.35 KUALA LUMPUR 1150 JAKARTA 28.00 BANGKOK 14.75 MANILA .22.90 HONGKONG 10.25 TAIPEI 8.80 SYDNEY A45 TOKYO 1«0 SEOUL 14.95
    71 words
  • Article
    Malaysia may lift capital curbs over next 18 months
    760 1  -  Move linked to bid to rebuild ties with int'l financial community: analysts From From Meera Tharmaratnam in Kuala Lumpur OFFICIALS at Malaysia's central bank are reported to be reassuring analysts that capital controls imposed in September will be lifted in stages
    760 words
  • Article, Illustration
    Tokyo thinks the unthinkable: a cut in consumption tax
    703 1  -  Ruling party's options dwindle as it feces painfnl choice From, Anthony Rowley in Tokyo IN what appears to be a major climbdown from Japan's past policies of fiscal rectitude, a senior official of the ruling Liberal Democratic Party acknowledged yesterday that
    703 words
  • Article, Illustration
    Viagra's coming soon to S'pore
    389 1  -  By] Marissa Chew [SINGAPORE) The long wait for Viagra in Singapore is finally over. The blue booster has been approved for sale here, and its maker says it may be available as early as the middle of next month. The Ministry of Health (MOH) yesterday
    389 words
  • Article, Illustration
    Lock icon SPH profit down 18.8% as investment income falls
    648 1  -  $278 m earnings also hit by 10% fall in ad revenue By R Sivanithy [SINGAPORE) Singapore Press Holdings yesterday announced an 18.8 per cent fall in after-tax profit to $277.78 million mainly because of a sharp $61 million drop in investment income.
    ARTHUR LEE  -  648 words
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      161 1 lH HIDE Wm\ MMI The Joint winners of the first round of Hie Game, a BT-Stanchart unit trust contest, both raked in 24% returns over three months, overweighting on Thai fUnds, Fg S Mgdvmr Singapore is making the transition to slower economic growth much sooner than expected and can no
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      20 1 Analysts divided over future of RMpeg: poll, Pg 3 Japan Ino in the redfor Ist time since *****, Pg 3
      20 words
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      71 1 Reaction to Keppel revamp, Pg 12 Analysts expect $100 m group loss for 1998 Earnings forecasts slashed for Keppel Land Plus, share price performance v ALFRED DUNHILL LONDON The AD 2000 Carbon Fibre Fountain Pen The New Autumn/Winter 1998 Tie Collection The City Scape Leather Collection The New Baby Faceted
      71 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      S'pore can't expect headlong growth of last decades: BG
      341 2  -  Transition to slower growth taking place sooner than expected By< Audrey Tan SINGAPORE is making the transition to slower economic growth rates, much sooner than expected, and can no longer expect the "headlong growth" of the past, Deputy Prime Minister Lee
      341 words
    • Article
      Thomson 800 buyers get '10% price rise by 2003' guarantee
      293 2  -  U Eft-shines PED uses sales scheme tested in HK By- Ang Wan May THOMSON 800 buyers are being guaranteed a 10 per cent appreciation in the value of their freehold units between now and September 2003 in a bid to
      293 words
    • Article, Illustration
      Lock icon More cafes and restaurants open despite slowdown
      501 2  -  By < Carol Eng THE economic typhoon may have claimed some businesses, but the number of food and beverage outlets in the first half of the year has actually increased. According to Singapore Tourism Board statistics, there were 37 more establishments as at
      FILE PHOTO  -  501 words
    • Article
      TAS has new class licensing scheme
      304 2  -  By 1 Teh Hooi Ling THE Telecommunication Authority of Singapore (TAS) has simplified some of its approval procedures and introduced a new class licensing scheme which will pass back savings of about $500,000 a year to telecoms users. Under the new "General Approval Scheme",
      304 words
    • Article, Illustration
      Workers likely to get pay rise of less than 2%: poll
      610 2  -  Employers also expect to slash wages of senior managers by 145% By < Carol Eng AS more and more companies get hit by the economic downturn, the going is also getting tougher for both rank-and-file workers and senior managers
      610 words
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      149 2 Subscribe to 6 months of TheßusinessTimes SINGAPORE and you will get one month FREE Promotion ends 30 Docombor Dr/Mr/Mrs/Ms NRIC No: Send to: Profession: ;Singapore Press Hoidtogs Urrtted" wr Newspaper Services Division Comoanv: Circulation Department, Subscription Section Home Address: 82 Genting Lane, News Centre, Postal Code:. Singapore *****7 Tel: (65)
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      329 2 TUU WEATUCK mmgtymm Cloudy. Temperature (24/29 C) 9ala ffirtli WHP (ML JenMfca 11/28 dear Stockhota -2/3 doudy Aaddaad 111 J duudy Meraa 29/34 doudy Vtenaa 2/8 rtouth Bangkok ttV shown Zaneh 1/7 ctatfy Bem 4/18 wwJy Pwipi WHP OomL Bombay 27* hazy AaMrntaai 7/9 cloudy laiafca WHP OaL Brisbane 17/28
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon Japan Inc slides into the red for the first time since 1970s
      665 3 Manufacturers post cumulative losses of 1.2b yen; govt, banks, Asia's crisis blamed Bloomberg [TOKYO] Japan Inc is in the red for the first time in a generation. The country's once-vaunt-ed manufacturers, battered by recession at home and financial
      Bloomberg  -  665 words
    • Article
      Lock icon Japan planners spot a glimmer of hope
      445 3 AFP [TOKYO] Japan's economic planners, after months of grim economic forecasts, yesterday said they had spotted a glimmer of hope but warned it may not be enough to end Tokyo's recession. For the first time since it was unveiled in April, Japan's record
      AFP  -  445 words
    • Article
      Lock icon Analysts divided over future of RM peg: poll
      525 3 Half see no change, the rest predict peg's removal by Sept '99 Reuters [KUALA LUMPUR] Foreign exchange dealers and economists are divided over whether the Malaysian ringgit will stiU be pegged to the US dollar a year from now, a Reuters poll
      Reuters  -  525 words
    • Article
      Lock icon 34% of key Indon industries forced to shut: poll
      168 3 Bridge News [JAKARTA] More than a third of Indonesia's key electronics, machinery, chemical and metal-based industries have been forced into temporary closure by the economic crisis, a report said here yesterday. A survey conducted by the trade and industry ministry's directorate-general
      Bridge News  -  168 words
    • Article
      Lock icon Tarrin orders four state banks to drop lending rates
      440 3 Move comes amid claims customers are being exploited AFP [BANGKOK] Thai Finance Minister Tarrin Nimmanahaeminda said yesterday he had intervened in a banking row and ordered four state banks to ease lending rates amid accusations the industry is exploiting customers. "I
      AFP  -  440 words
    • Article, Illustration
      Lock icon Stretching the ringgit
      65 3 [KUALA LUMPUR] Nor Anis Hazwani Mushidi, 12, telling a story on "Smart Spending in front of a "Made in Malaysia logo at the nationwide inauguration of World Consumers' Day in Kuala Lumpur yesterday. Malaysian Prime Minister Mahathir Mohamad inaugurated the celebration, reminding Malaysians of their responsibility to
      REUTERS  -  65 words
    • Article
      Lock icon IMF allows Manila to increase spending targets
      347 3 Reuters [MANILA] The International Monetary Fund (IMF) yesterday gave the Philippine government a green light to boost 1998 and 1999 spending targets, but economists said it had been a predictable endorsement. Philippine Finance Secretary Edgardo Espiritu yesterday said that the budget deficit target
      Reuters  -  347 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        589 4 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, DBS, Deutsche Morgan Grenfell, GK Goh, ING Barings, Kay Hian, Nomura, OCBC, Phillip. Venture Manufacturing ♦(Hold) Fraser-AMMB Research, Nov 5, $5.60 In its interim earnings, interest income accounted for almost 20
        589 words
      • Article, Illustration
        In My Opinion
        463 4  -  Kate O'Donoghue Regional economist, Barclays Capital Singapore HE recent weakenI ing of the US dollar A against the Japanese yen has prompted several questions: Among them, whether the relentless march of US dollar strength has halted and if so, what it means for Asia? In the immediate
        463 words
    • Article, Illustration
      Lock icon How to profit from bear market rally
      755 4  -  Hard work ahead as making money in this market is only going to get tougher Hy\ ShivTaneja (SINGAPORE) Investors had better not get used to too much of a good thing: a 30 per cent rise in local equities over the past few
      Source: Bloomberg  -  755 words
    • Article, Illustration
      Lock icon New range of financial tools for small investors
      737 4  -  Coming soon: bonds, 1-month settlement contracts, small board lots of shares Uy\ ShivTaneja [SINGAPORE] Retail investors will soon be able to invest in a lot more than just shares and unit trusts as the market prepares to launch a raft of new
      FILE PHOTO  -  737 words
    • Article, Illustration
      Lock icon Foreign currency stocks gain favour in liquidity-driven rally
      888 4  -  But investors should be selective in their choice of play iv Ven Sreenivasan [SINGAPORE] After going into a seemingly inexorable slide during much of the last six months, foreign currency denominated stocks have charged back under a liquidity driven i ally in
      Source: Datastream  -  888 words
    • Article, Illustration
      Winners bank on Thailand in first round of The Game
      737 5  -  The two joint first-prize winners in the first round of The Game choose to 'invest' in Thai unit trusts By, Shiv Taneja [SINGAPORE] Thailand, known as "the land of smiles", brought oodles of happiness to the winners of the first
      737 words
    • Article, Illustration
      Lock icon Learn how unit trusts work in The Game
      247 5 [SINGAPORE] We have come to the end of the first round of The Game. Organised jointly by Standard Chartered Bank and The Business Times, it was constructed to create awareness about investing in unit trusts, as well as to educate potential investors
      CHRIS LOH  -  247 words
    • Article
      Current good sentiment seen benefiting East Tech IPO
      554 5  -  But analysts are split over audio systems maker's long-term prospects By Marissa Chew [SINGAPORE] Audio systems maker Eastern Asia Technology Ltd's initial public offer (IPO) may be worth a stag, but analysts are split over the company's merits as a long-term investment.
      554 words
    • Article, Illustration
      Lock icon Foreign investors shifting mindset from deep gloom to renewed hope
      577 5  -  E7E ON THE REGION: JAKARTA From I Shoeb Kagda in Jakarta BRUSHING aside concerns of rising political tension in Jakarta ahead of next week's special session of the People's Consultative Assembly (MPR), foreign investors have been aggressively buying blue chip
      FILE PHOTO  -  577 words
    • Article, Illustration
      Lock icon Fund profile
      357 5 Compiled by BT Investment objective The main objective of the fund is to seek a high total return from investments in fixed income securities issued by both public and private entities in Asia. Investment style Active management is a central philosophy. Market selection, currency selection, as well as
      Compiled by BT; Source: Morgan  -  357 words
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      38 5 Make a fortune with Jflp— Standard Chartered in the weekend Business Times. lcn< li'tsi »n \u hi ti \s I'i'i 1 1. \i i tjriS oinpilM on if (JOB ASS€T MANAG€M€NT IHi:l5l SIM SS l IMUS Standard Chartered
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      19 5 Advancing our leadership in quality sound by creating extraordinary and lasting experiences for our customers. Better sound through research
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      177 6 I r 1 F I I Plfe iiijJas V j/ai^jPwB ,v •V' i"•^"FWT \i- iBBT S < v, "ST < V > cj|m>;-; <• '"<*V'"T>V '"s"*"- ,v '*i rJ? *> W i< < 2&\ j> -f> t* A 2«-~*< jrvv 0« Va^■S?'^'4fc''-&: #..<.:?■?;>. >^'r.. >£slf* v J > x v*Y
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  • THE REGION
    • Article
      Lock icon Police chief tells why he dismissed allegations as untrue
      676 7 ANWAR'S TRIAL Defence gets prosecution to release report written by police intelligence chief AFP [KUALA LUMPUR] Capping the first dramatic week of the trial of ousted deputy premier Anwar Ibrahim, a Malaysian police chief admitted yesterday he had dismissed sexual allegations
      AFP  -  676 words
    • Article
      Lock icon Judge says he's happy with the proceedings so for
      274 7 KUALA LUMPUR AFP THE Malaysian judge presiding at the trial of ousted deputy premier Anwar Ibrahim expressed pleasure at the proceedings so far in the first week of the hearing. "Defence is happy, prosecution is happy, I am happy with the
      AFP  -  274 words
    • Article
      Malaysia's telecom regulator publicises equal access services
      404 7  -  Prom From Meera Tharmaratnam in Kuala Lumpur MALAYSIA'S telecommunications regulator has started to take out advertisements in local newspapers to signal the advent of equal access in the country. In its ads, Jabatan Telekom Malaysia (JTM) said that Malaysia's five telecom operators would
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    • Article, Illustration
      Lock icon HK video rental chain KPS under receivership
      468 7  -  Eight firms said to be interested in buying the popular chain From. Loh Hui Yin in Hongkong FAILURE to find a new investor and the retail industry downturn have sent the cashstrapped video rental chain KPS, a familiar sight in Hongkong, into receivership.
      AFP  -  468 words
    • Article
      Tensions high ahead of Indon Parliament meet
      497 7  -  Abont 60,000 students stage protests in Jakarta Prom Shoeb Kagda in Jakarta STORM clouds are gathering over Indonesia, as political tensions heighten ahead of the special session of the People's Consultative Assembly (MPR) next week. Yesterday, as many as 50,000 students demonstrated at
      497 words
    • Article
      Lock icon Dalian investment arm fails to make foreign debt payment
      456 7 BEIJING Bat official stresses it's not a default, Ditic won't fold up AFP CHINA'S Dalian International Trust and Investment Corp (Ditic) confirmed yesterday it had failed to make a foreign debt repayment, against a background of financial problems at similar trust
      AFP  -  456 words
    • Article
      Lock icon DAP lauds better S'pore ties, calls for report on Salomon
      241 7 KUALA LUMPUR Bridge News MALAYSIA'S key opposition party, the Democratic Action Party (DAP), yesterday lauded the improved relationship between Malaysia and Singapore, saying it was a welcome recognition that Malaysia needed international help to overcome the economic crisis. "Recently, Malaysia
      Bridge News  -  241 words
    • Article
      Lock icon Wiranto denies talk he or army chief will go
      237 7 JAKARTA Reuters INDONESIAN armed forces commander General Wiranto yesterday denied rumours he or the army chief would be removed from office. Rumours of Gen Wiranto's ouster have been circulating for weeks. The Republika newspaper yesterday reported that the army chief of
      Reuters  -  237 words
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      1535 8 s'/'/ m mfJam I p fv Mlf li I^—ljl^ mmm The Directors have the pleasure in announcing the audited results for the year ended August 31,1998. AUDITED RESULTS FOR THE YEAR AUGUST 31, 1998 a Result* HHHH IfHHBDH H Balance Sheets As At August 3.1 1996 1997 Chang* 1998 1997
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  • THE WORLD
    • Article
      Lock icon Accidental release of US jobs data sparks chaos
      646 9 WASHINGTON Earlier reporting of slower than forecast growth prompts probe; rate cut seen Reuters THE US government rushed on Thursday to confirm that the economy added 116,000 jobs in October after the single most crucial report on the health of the world's
      Reuters  -  646 words
    • Article
      Lock icon When e-mail turns computer user into victim
      500 9 WASHINGTON Real-world crimes of harassment, stalking move into cyberspace LAT-WP THE e-mail started coming in April. Every day, James Gress' electronic mailbox at the Pentagon was clogged with 50 or more unwanted communications, including offers for pornography and subscriptions to online magazines such
      LAT-WP  -  500 words
    • Article
      Lock icon Positive economic growth seen for euro members
      244 9 FRANKFURT Bloomberg THE prospects for economic growth in the 11 countries adopting a common currency in January remain positive even amid a spreading global slump, European Central Bank (ECB) chief economist Otmar Issing said. "Despite a variety of bad news, growth in the
      Bloomberg  -  244 words
    • Article, Illustration
      Lock icon Investor fright dissipating, says Greenspan
      396 9 WASHINGTON Reuters FEDERAL Reserve chairman Alan Greenspan said on Thursday he saw some signs that the fright produced by the world financial crisis may be dissipating, and added that money markets were becoming more normal. He said the global uncertainty had led to a "startling"
      Reuters; FILE PHOTO  -  396 words
    • Article, Illustration
      Lock icon Jerusalem blast kills two; Israel halts peace debate
      458 9 JERUSALEM Bloomberg A BOMB exploded outside Jerusalem's central market, killing two people, injuring 25 and prompting the Israeli cabinet to suspend deliberations on the Wye River peace accords. The dead appeared to be the driver of the red Fiat 127 car carrying
      Bloomberg; AFP  -  458 words
    • Article
      Lock icon US investors less > optimistic about markets in '99: poll
      406 9 US investors less > optimistic about markets in '99: poll BOCA RATON, Florida Bat they still trust the securities industry, brokers Bloomberg US investors are less optimistic about the financial markets in 1999 than they were when asked to look ahead a year ago, a Securities Industry Association (SIA) survey
      Bloomberg  -  406 words
    • Article
      Lock icon Republicans in public soul-searching mode
      358 9 U WASHINGTON AFP THE Republican Party embarked Thursday on a period of public soul-searching following its dismal showing in mid-term elections on what some are now calling "Black Tuesday". "It is all of our faults, and we need to go back and take a look
      AFP  -  358 words
    • Article
      Lock icon Another attempt made to get professors' tapes
      273 9 THE MICROSOFT CASE Reuters [BOSTON] Microsoft Corp tried again on Thursday to get secret tapes about competitor Netscape from two professors arguing the information may be vital to defend it from charges it violated US anti-trust laws. The US Justice Department and 20
      Reuters  -  273 words
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  • FOCUS
    • Article, Illustration
      Lock icon America reaches for the middle ground
      1727 10 It was an election like no other election, because it was a referendum as well on President Clinton's fate and that of his party. Republicans could be forgiven for thinking that they had it all sewn up. The New York Times in an editorial
      NYT; FILE PHOTO  -  1,727 words
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      7 10 Takes you behind the news TheßusinessTimes SINGAPORE
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      581 10 Republican* in public soul-searching mode, Pg 9 SembCorp Industries NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the members of SembCorp Industries Ltd (incorporated in the Republic of Singapore) will be held at 391 A Orchard Road, #18-00 Ngee Ann City Tower A,
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      112 11 Star Hub Ascend is honoured to be btaiMngg the new public date network wifii you Ascend is proud to be chosen as Star Hub's partner in building a data network for tomorrow's communications needs. Ascend world leader in ATM, Frame Relay technologies and vendor to 28 of the world's top
      112 words
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  • COMPANIES & MARKETS
    • Article
      Up to $100 m Keppel group loss seen in new analyst forecasts
      653 12  -  KEPPEL REVAMP But most analysts view the cost-cutting and restructuring plans positively By Conrad Raj [SINGAPORE] Analysts were busy yesterday revising their forecasts for Keppel Corp following Thursday's announcement of an expected loss this year and major cost-cutting
      653 words
    • Article
      Rothmans posts 18.5% rise in interim profit
      290 12  -  Cigarette sales rise 18% despite decline in S'pore market By\ Siow Li Sen [SINGAPORE] It may not be politically correct but investors who are not bothered by such niceties will be cheered by Rothmans Industries which posted an 18.5 per cent increase in
      290 words
    • Article
      PLDT shows up need for clearer guidelines from regulators
      667 12  -  HOCK LOCK SIEW Al Labita AFTER provoking much comment in the market, Philippine Long Distance Telephone Co (PLDT) has finally dropped its poison pill defence. Drawn up by its president Antonio Cojuangco, the strategy was designed to ward off corporate raiders
      667 words
    • Article
      KepLand likely to post $263 m loss
      381 12  -  By Wong Wei Kong [SINGAPORE] Analysts slashed their earnings forecasts for Keppel Land yesterday after parent Keppel Group warned that its property arm would end 1998 in the red after making substantial provisions of nearly $1 billion. Keppel Land is now expected to
      381 words
    • Article
      SIA set to be member of Star Alliance next year
      405 12  -  Confirmation comes from chief of Star's founding airline By Felix Chan [SINGAPORE] Singapore Airlines (SIA) is poised to throw its hat into the Star Alliance ring next year, ending widespread speculation within the industry. At a news conference yesterday, Juergen
      405 words
    • Article
      Goldtron freezes some payments
      184 12 [SINGAPORE] Electronics and telecommunications group Goldtron announced yesterday that it would not be making interest payments for its bonds and dividend payments for its preference and ordinary shares pending the outcome of the review and restructuring of its businesses. The group said, following consultations with its
      184 words
    • INTERNATIONAL COMPANIES
      • Article
        Simex set on new HK contract
        596 14  -  HIT Mrrhaiigfl stiffens its stance, widens objections to S'pore move Pram] Loh Hui Yin in Hongkong SIMEX is pressing ahead with its plans to launch its Hongkong Stock Index Futures contract on Nov 23, while Hongkong appears to be stiffening its position against it.
        596 words
      • Article, Illustration
        Lock icon Nokia gets biggest share of Star Hub's $350 m contracts
        444 14  -  By' Teh Hooi Ling [SINGAPORE] Star Hub, Singapore's new fixed and mobile communications operator, yesterday awarded $350 million worth of contracts to five vendors, with Finland's Nokia winning the biggest share. The other winners are Lucent, Ascend, Cap Gemini and
        SIEW YAW HOONG  -  444 words
      • Article
        Kian Ann placing out 2m shares with Tiong Seng
        150 14 [SINGAPORE] Mainboardlisted Kian Ann Engineering yesterday said it is placing out two million new shares with Tiong Seng Contractors Pte Ltd to raise $1.02 million in net proceeds. The placement shares are priced at 52 cents apiece, or a mere 0.96
        150 words
      • Article
        HK Telecom interim net profit up 1.4% to HK$6.1b
        444 14  -  CEO defends aborted wage-cot plan; says results shouldn't deter cost-trimming From' Quak Hiang Whai in Hongkong HONGKONG Telecom yesterday unveiled a 1.4 per cent rise in interim group net profit to HK$6.l billion (SSI.3 billion) and continued to defend its now-aborted
        444 words
      • COMPANY Briefs
        • Article
          $8.8m claim against Jurong
          61 14 [SINGAPORE] Hongkongßanh has filed a claim of $84M million plus interest and costs against Jurong Engineering in the High Court The claim involves a financial arrangement of an associate company of JEL, Huge Corporation, which has since been wound up by court order. JEL said it
          61 words
        • Article
          Hai Sun Hup interim down 33%
          88 14 [SINGAPORE] Hai Sun Hup's half-year profit tumbled 33 per cent to $10.3 million on a 16 per cent lower turnover of $162 million for the six months ended Sept 30. The company attributed the lower sales to a revenue drop from its hotel, chartering
          88 words
        • Article
          FHTK director reduces his stake
          113 14 [SINGAPORE] Vegetable and fruit company FHTK Holdings' director and substantial shareholder Wong Lee Bin has sold 6.84 per cent or 25 million FHTK shares at 36 cents each, cutting his stake to 15.S per cent, or 56.65 million shares. The shares were held through OCBC
          113 words
        • Article
          Superbowl unit buys premises
          150 14 [SINGAPORE] Superbowl Holdings has finalised the purchase of the fourth level of Bukit Panjang Plaza by its wholly-owned subsidiary, Superbowl Jurong, from a related company, Bukit Panjang Plaza Pte Ltd. Its ultimate holding company, Hiap Hoe Holdings, has given an undertaking that it would procure the
          150 words
        • Article
          Kay Hian MD reduces stake to 2.2%
          38 14 [SINGAPORE] Kay Hian managing director Wee Ee Chao has sold one million shares in the firm at $Q. 7864 each, reducing his stake to 2.2 per cent from 2.5 per cent.
          38 words
        • Article
          Pertama director sells shares
          43 14 [SINGAPORE] Pertama Holdings director Pak Keam Hong's stake in the company has been reduced to 31.7 per cent from 31.9 per cent, following the sale 0f190,000 shares at $0.14 each. The shares were held through Hong Leong Finance Nominees.
          43 words
        • Article
          Vickers Ballas unit director cuts stake
          48 14 [SINGAPORE] Edmund Lee Yu Chiang, a director of a subsidiary of Vickers Ballas, has sold 250,000 shares in the broking company. Mr Lee sold the shares on Thursday at $1,186 per share, lowering his stake to 0.65 per cent from 0.7 percent.
          48 words
        • Article
          Mayfran's M'sian unit sells site
          45 14 [SINGAPORE] Mayfran International's Malaysian subsidiary has sold an industrial site in Negri Sembilan for 522,732 Malaysian ringgit (*****,886). Friven (Malaysia) will reap an extraordinary gain of RM165.000 from die sale, which Mayfran said is part of the group's streamlining efforts.
          45 words
        • Article
          Concorde Hotels in marketing tie-up
          81 14 [SINGAPORE] Hotel Properties Ltd's (HPL) chain of Concorde hotels and resorts is linking up with a leading global provider of hotel reservations to promote the group's properties. HPL wholly-owned subsidiary Concorde Hotels Resorts Group, which has in its stable more than 2,000 rooms through its
          81 words
        • Article
          Lock icon Cheung Kong plans HK$10b venture
          103 14 AFX-Asia [HONGKONG] Cheung Kong (Holdings) chairman Li Ka-Shing said the group is planning a HKJIO billion (SS2.I billion) investment project with foreign partners, according to the Hongkong Economic Times. Mr Li said one problem related to the project needs to be solved ahead of signing
          AFX-Asia  -  103 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Aussie govt refuses to lift ban on big bank mergers
        380 16 Anti-merger policy stays despite threats by NAB chief exec to relocate offshore AFP [SYDNEY] Speculation that ANZ and National Australia Bank will merge to create the world's sixth biggest financial institution was ruled out yesterday, with the government refusing to
        AFP  -  380 words
      • Article
        Lock icon Fuji, Dai-Ichi Kangyo in major tie-up of trust bank units
        354 16 The new venture will boy Yasnda Trust's asset management ops for 140b yen AFP [TOKYO] Japan's Fuji Bank and Dai-Ichi Kangyo Bank (DKB) yesterday announced a basic agreement to integrate their trust bank units into a 50-50 venture. The new
        AFP  -  354 words
      • Article, Illustration
        Lock icon Near-term gains limited for US$
        377 16 USS/mark: The greenback rallied in the first four days of this week to a high of 1.6705 on Wednesday before succumbing to selling pressure to touch a low of 1.6552 on Thursday. Deducing from the overbought daily stochastics and that the 38.2 per cent retracement
        Source: DBS Bank  -  377 words
      • Article
        Lock icon Big payout for recent LTCM investors?
        162 16 Bridge News [NEW YORK] The banks and brokerages that recently ponied up money to keep the beleaguered hedge fund, Long-Term Capital Management (LTCM), afloat may reap a substantial payout due to recent movements in US markets, according to an article in the latest edition
        Bridge News  -  162 words
      • Article
        Tri-Marine raises US$60m loan
        264 16  -  Byl Soh Tiang Keng [SINGAPORE] Singapore fish trading group, Tri-Marine International, has made its debut in the syndicated loan market by raising US$6O million ($97 million) from the Asian dollar market. The loan, in the form of a syndicated revolving trade finance facility, is being extended
        264 words
      • Article
        Profit-taking erodes futures' early gains
        179 16  -  SDKEXReport MSGI Singapore Index Jardine Fleming THE MSCI Singapore Index Futures November contract popped up early in the morning session yesterday to hit a high of 192.8 and to close the gap from the previous day's close, but eroded throughout the day as traders attempted
        179 words
      • Article
        Futures drop amid falls in stocks
        133 16  -  MSGX Taiwan fttnrai Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract declined 4.0 points in line with the stock index, which posted a loss of 67.62 points. Banking stocks paced the decline amid concerns over their need to baU out financially troubled
        133 words
      • Article
        Lock icon Oil futures rangebound amid lack of leads
        303 16 ENERGY REPORT Reuters [LONDON] IPE Brent crude oil futures dipped slightly yesterday after Nymex opened but soon found support and stayed rangebound in the absence of fresh fundamental news, traders said. By 1512 GMT, December Brent was down five cents at U5512.43 a
        Reuters  -  303 words
      • Article
        Lock icon CURRENCY REPORT
        287 16 AFP Bloomberg Reuters London THE US currency was Firm above 118 yen but was seen capped above that level in the short term. Against the mark, it traded for most of yesterday in a half pfennig range around 1.66, and some ana- lysts believe the one-month high of
        AFP; Bloomberg; Reuters  -  287 words
      • Article, Illustration
        Untitled
        1181 16 PITEEBAWKCaOSS KATES x~6 to c$ ECU ffr Pw MS V W« 0M IBSUfcfa N» S$ Urt «r ITS U* PmHt USS Australia 0.9(3 6.178 0.534 3319 1.049 4.688 26.705 53.814 0.74S 8.280 2.399 B71 36.1*4 25*15 1.028 3.507 0*64 ***** 23*31 OJ0O 0*31 w Canada 1038 1439 0.555 3.653 1*09
        1,181 words
    • Article
      COMMODITY PRICES
      1838 17 SICOMFPTURES \orfi Rl'SBCR (Mures closmq is «t 5.30pm) RSSI CONTRACTS cwtsAg) Close Volume Open Month High Low Sett (tonnes) Interest 0«c 98 n5.50 115.50 115.00 325 450 Jan 99 117.00 150 1150 Feb 99 119.00 150 875 M* 99 120.75 1175 Apr/J»n 99 125.75 124.75 125.25 375 3150
      1,838 words
    • Article
      WORLD STOCK MARKETS
      2381 17 union Mistrials ■at tan 31 Group *****0 2.000 AB Ports 285.000 -3.000 Abbey National 1155.000 -36.000 Allied Domecq 524.200 -2.800 AMted Zurich 722.400 8.000 Am* 164.000 0.600 Aula Group 163.400 7.000 BAT Ind 491.000 -7000 BG Pic 403.000 4.800 BICC 55.000 4.000 BOC Group 870.000 5.000 BR
      2,381 words
    • Article
      Lock icon TOKYO
      1635 17 Bloomberg £j Nikkei 225 -***** JAPANESE stocks fell a second day led by banks and developers on mounting concern the government will drag its feet on tax cuts and other steps to lift the economy out of recession. Sumitomo Bank Ltd and Mitsui Fudosan Co led the retreat as
      Bloomberg  -  1,635 words
    • Article, Illustration
      Lock icon JAKARTA
      724 18 AFP O Composite Index: -L 55 INDONESIAN shares closed 0.4 per cent down yesterday on profit-taking following the previous day's sharp gains, with buying of Telkom and carmaker Astra partially offsetting losses, dealers said. "I think it is a healthy correction," a dealer at a local brokerage said. The
      AFP  -  724 words
    • Article, Illustration
      Lock icon HONGKONG
      1552 18 Reuters y]( Hang Seng -8123 STOCKS eased to a lower close yesterday with investors catching their breath after market gains of the past month and Thursday's correction, brokers said. The Hang Seng Index lost 82.23 points, or 0.80 per cent, to finish at 10,139.75 after hovering between 10,100.58 and
      Reuters  -  1,552 words
    • Article, Illustration
      Lock icon CHINA
      623 18 Reuters HShenzhenßlndex +OJS SHENZHEN'S hard currency B shares closed a touch higher in light trade yesterday, helped by improved sentiment after recent gains in foreign stock markets, analysts said. The B Share Index gained 0.15 point to 63.27 on turnover of HKSIO.B million. "Over the past few weeks, stronger
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  623 words
    • Article
      Lock icon TAIPEI
      366 18 AFP □WP Index -67.62 TAIWAN share prices fell one per cent yesterday amid concerns that more financial problems could surface at local companies. The Weighted Price Index feU 67.62 points to 6,889.65, following a 0.8 per cent rise in the previous session. "Despite the government's prompt actions to help
      AFP  -  366 words
    • Article
      Lock icon WELLINGTON
      250 18 AFP QWflnmfltMi -&27 NEW Zealand stocks closed down 0.3 per cent yesterday after posting strong gains during the week. The NZSE-40 Index was down 6.27 points to 2,023.46 on turnover of NZ5125.8 million. Locally, Telecom ordinaries slipped four cents to NZ$B.3B. —AFP coooi ANZ Banking n.27 -0.13 ***** Advantages
      AFP  -  250 words
    • Article, Illustration
      Lock icon BANGKOK
      791 18 AFP PI SET Index +14J>2 THAI shares closed yesterday 4 per cent higher across the board after Finance Minister Tarrin Nimmanahaeminda ordered four state banks to ease their interest rate policies, dealers said. Analysts said ensuing moves by three banks to slash rates prompted a surge of local buying
      AFP  -  791 words
    • Article
      Lock icon MANILA
      322 18 AFP n Manila +35.77 PHILIPPINE share prices closed 2.0 per cent higher yesterday, buoyed by blue chip Philippine Long Distance Telephone Co and positive sentiment sparked by manageable inflation figures, analysts said. The Composite Index gained 35.77 points to 1,797.37. Turnover rose to 3.2 billion shares worth 2.17 billion
      AFP  -  322 words
    • Article
      Lock icon SEOUL
      422 18 AFP n Composite Index -L9O SOUTH Korean share prices closed barely lower in bumpy trading yesterday on late profit-taking sparked by fading prospects of major investments in the local market. The lacklustre close that snapped an eight-day winning streak came after a big rally mainly in banking stocks on
      AFP  -  422 words
    • Article
      Lock icon SYDNEY
      596 18 AFP PI AU Ordinaries +24J SHARES gained 0.9 per cent yesterday on the back of Wall Street gains and continuing speculation that an interest rate cut is near, brokers said. The All Ordinaries Index was 24.9 points higher at 2,697.3. National turnover totalled 360.72 million stocks worth A 51.03
      AFP  -  596 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon KL shares up after Mahathir-Goh meeting
        434 19 AFP Composite Index +14.63 MALAYSIAN share prices jumped 3.3 per cent yesterday on institutional and retail buying interest after a meeting between Prime Minister Mahathir Mohamad and his Singapore counterpart Goh Chok Tong. The Composite Index rose 14.63 points to end at 453.29 while
        AFP  -  434 words
      • Article
        Untitled
        8896 19 INDUSTRIALS Consumer products 1998 Last Vol Day Net Cap High Low Company Sala 000 High Low P/C $mH 310 170 Ajinomoto 263 11 14 263 252 14 5 k>6 6 148 35 Angkasa 67 4 244 68 62 98 8 290 123 Apollo Food Hlg 225 15 31 232 205
        8,896 words
    • WARRANTS&OPTIONS
      • Article
        Untitled
        2610 20 BONOS, LOANS ft WARRANTS *994 Last Vol Day Last Quota A»g High Low Stno Company Sala ♦or- COOO) High Low Buyar Sotlar Price 20.5 3 3160 "Acer ******1 US$ 15.5 »0.5 421 17 14.5 15S 16 95 4.5 3164 Acma ******4 20 *0.5 1005 21 19 19.5 20 18 3161
        2,610 words
      • Article
        DBS' covered SIA warrant looks a fair
        215 20  -  WARRANT WATCH By R Sivanithy AFTER a long absence, covered warrants are set to make their reappearance in the local stock market. This time, it's DBS Bank that has taken the initiative to try and revive the segment with its latest offering on
        215 words
      • Article
        CLOB INTERNATIONAL
        221 20 HONGKONG STOCKS Gf Cr 1998 Last Vol Oay Last Oust* Otv Wv YM Nat M Cap H*» Low Stno Company Sato TOOO) Low Buyr U+tr H C'w P/t Smtl 400 250 5123 COL (2000) HK 400 aO 2.4 2.0 20.5 7744.7 5124 Cathay Pac 20c HK_ 720 265.0
        221 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6210 21 Transaction date Nov C Qt 6€ mm Ldat VI Day Loot OMtt n« M* VM NM Cap A«f w» I— «tw» €■■>—) Uf COOO) Um Brae SoPor Or P/t $«J PHca imn —im 142 49.5 m t 1000 Acma SOc U unch 1642 91
      6,210 words
    • Article
      SESDAQ
      1182 21 Or Or mm LMt V* Oar laat Quata Ok Oh YM NM Cap An MN> L— «W*» Ci»>wt fah COOO> HN> Laar »rar 8a8ar Or H Wl W Prtca MAMUFACTUMM 243 30 a 2049 *AS AutolOc 109 *3 3160 Itl 103 100 109 15.0* 7.0 14 10.3 124.5 104
      1,182 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        304 22 Stacks mmm DBS Land 24,165,000 Keppei Land50c 23,325.000 Wing Tai 25c 20,092,000 Zagro Asia 5c 18,804,000 Keppei Corp 16,432,000 Keppei IE 50c 15,886,000 Keppei FELS50C 13,449,000 *TanCtwngtnt50c 12,825,000 Twhwood 5c n,834,000 Keppei Bank 11.153.000 Stacks Keppel Corp 59,435,741 DBS Land 53.297,130 KeppeiFELS50C 52.610,080 Keppei Land50c 44,210,646 DOB Foreign 38,050,339 OCBC
        304 words
      • Article, Illustration
        Sentiment stays buoyant as investors lock in profits
        646 22  -  STOCK MABKBT COMMENTARY No panic-selling Keppel counters in the spotlight after group's announcement of restructuring plans By Ven Sreenivasan THE Singapore stockmarket started off weU yesterday morning but came under selling pressure as institutional investors cashed in their gains ahead of the
        646 words
      • ON THE GRAPEVINE
        • Article
          ThinkPads in outer space
          101 22 WHEN the space shuttle Discovery recently blasted off into outer space with John Glenn and six other astronauts, it also carried along 20 IBM ThinkPad notebook computers. Big Blue says its notebooks will collect data on scientific experiments, coordinate systems operations, and enable earth-to-space communications during
          101 words
        • Article
          Fuel change at Ritz- Carlton
          86 22 THE Ritz-Carlton Millenia hotel will be switching from piped gas to low-sulphur diesel supplied by Mobil—for its kitchen and laundry room needs come December. The hotel which currently spends some $1.8 million to $2 million a year on this particular utility, is expected to save
          86 words
        • Article
          Sorry, I really forget
          119 22 EVEN as American voters proved this week that their president's (mis)adventures didn't do him any political harm at all, there's now evidence that Slick Willy could have escaped anyway. Scientists now say that memory lapses during amorous trysts are quite, quite natural after aIL An AFP
          119 words
        • Article
          Paying more for 'halal'
          121 22 HERE'S a little Malaysian privatisation programme that many food, pharmaceutical and cosmetic manufacturers in the country have to know about As of Oct 1 this year, food, pharmaceutical and cosmetic makers have to pay private firm Daya Sham Bdn Bhd between I,4ooand 1,600 Malaysian ringgit (SsBoo-S96Bs)ayearfortheuseofa"haial"
          121 words
      • Article, Illustration
        HOT STOCK
        66 22  -  -by Shiv Taneja ZAGRO Asia closed six-and-a-half cents higher yesterday at 26.5 cents on volume of 18.8 million shares, compared with its 10-day traded average of 2.1 million shares. Despite its strong volume, the counter is now heavily overbought, and can be expected to come under some selling
        66 words
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      170 12 ■■■■■■■■■■■■■I' <. 1 flf Rsi- r ift *>/* i <^f4.>&.. jm Take part in our Incentive Programme Win an iMac An iMac will be given away in each of our six weekly lucky draws. The draw dates are as follows: 10.11.98 Ist draw 17.11.98 2nd draw 24.11.98 3rd draw 01.12.98
      170 words
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      Page 13 Advertisements Column 1
      165 13 mM c i RIGHT CONNECTIONS. They say to be successful, you essential for telecommunications companies. Technologies need to work with the best. And we're glad that our partner which Star Hub will rely on as together, we take the industry recognises that as well. Because when it comes to business,
      165 words
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      831 14 (Incorporated in Singapore) HALF YEAR FINANCIAL STATEMENT AND DIVIDEND ANNOUNCEMENT Half Year Financial Statement on consolidated results for the six months ended 30 September 1998. These figures have not been audited. PROFIT LOSS STATEMENT THE GROUP THE COMPANY 1998 1997 +OR 1998 1997 +OR $'000 $'000 $'000 $'000 Turnover 200,388
      831 words
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      Page 15 Advertisements Column 1
      219 15 i <* Star Hub 4 Wfrfc' >■ K v t a Singapore's new Info-communlcatlont f/ company, Star Hub, will be building a ***T'''s 1 v .>.. :^> *Hv 'iii world-class, multi-service convergent -<> •t" telecommunications network to serve »S V f f V V <- 4 V I* Jjr i
      219 words
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      6 18 TO ADVERTISE CALL TOLL-FREE 1800-741 1883
      6 words
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      Page 18 Advertisements Column 2
      114 18 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, LIM SOI TEE ofßlk 122 YISHUN STREIiT 11 #08-491 Singapore *****2, have applied for a Second Class Beer House Licence in respect of M/s Premier Thai Traditions Restaurant Pte Ltd located at 20 Eastwood Road, #01-03 Eastwood Centre Singapore *****2, and
      114 words
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      Page 18 Advertisements Column 3
      111 18 NOTICE IS HEREBY GIVEN that, I Seah King Ming 28A Carlisle Road S'pore *****5 have applied for a Second Class Beer House Licence in respect of M/s Rendezvous Restaurant Hock Lock Kee, located at #02-02/03 Hotel Rendezvous Gourmet Gal lay, 9 Bras Basah Road S'pore *****9 and that this application
      111 words
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      Page 18 Advertisements Column 4
      106 18 NOTICE IS HEREBY GIVEN that I, ALAN LIM CAI FU of Block 257 Bishan St 22 #06-323 Singapore *****7 have applied for a Beer House (Ist Class) licence in respect of M/s Modem Entertainment Pte Ltd located at 321 Beach Road Singapore *****7 and that this application will Ix; considered
      106 words
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      Page 19 Advertisements Column 1
      111 19 NOTICE IS HEREBY GIVEN that, I CIIIA SHIM WU of 320 Upper East Coast Road *03-06 Singapore *****2. have applied for a Ist Class, Public House Licence in respect of M/s Spago Italian Deli Caffe located at No. 9 Bras Basah Rd *01-02 Hotel Rendezvous Gourmet Gallery Singapore *****9, and
      111 words
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      Page 19 Advertisements Column 2
      109 19 NOTICE IS HEREBY GIVEN that, I PCX) SER SIONG of 1 Youngberg Terrace *10-09 Singapore *****1, have applied tor a 2nd Class, Public Hon.se Licence in respect of M/s Spago Cruise Caffe located at *02-38/39 S pore Cruise Centre. 1 Maritime Square (World Trade Centre) Singapore *****3, and that this
      109 words
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      239 20 BUSINESS Notices NOTICE IS HEREBY GIVEN that, I ANG GEK SIM JULIE of Blk 42 Bedok South Road, #10-751 Singapore *****2, have applied for a Public House, First Class (Extended) Licence in respect of M/s First PUB Pte Ltd located at 108 110 Sims Avenue Singapore *****6, and that this
      239 words
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      Page 20 Advertisements Column 2
      376 20 NOTICE IS HEREBY GIVEN that, I LEE WAI KHUEN of 27 Kew Crescent Singapore *****1, have applied for a Public House, First Class Licence in respect of M/s Bonkers Entertainment Pte Ltd located at 88/90 Tanjong Pagar Rd Singapore *****8, and that this application will be considered by the Liquors
      376 words
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      Page 20 Advertisements Column 3
      39 20 Corrigendum Rc: BT 31/10/98 Retail Liquor Licence Applicant: Govinda Rasu The Company* name has changed from Beverage World Pte Ltd to L'etoile Company Pte Ltd Buy It. Sell It. Find It. Classified. yU Call Today For Results Tomorrow. 1800-737-1188
      39 words
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      Page 20 Advertisements Column 4
      214 20 NOTICE IS HEREBY GIVEN that, I WONG HING WING of 11 Paya Lebar Walk, Singapore *****1. have applied for a Ist Glass Public House (Extended) Licence in respect of M/s Pink Disco Pub located at 400 Orchard Road, *04-33 Orchard Towers Singapore *****5, and that this application will be considered
      214 words
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      Page 20 Advertisements Column 5
      314 20 To advertise call toll-free 1800-*****83 Lost uour pet? Try finding it at Classification 821 (Found) of The Straits Times Classified. The Straits Times CLASSIFIED Where buyers and sellers meet" Find a used furniture at w a bargain. COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AUTOCRED PTE LTD (In
      314 words
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      Page 21 Advertisements Column 1
      112 21 NOTICE NOTICE IS HEREBY GIVEN that, I Lau Cheng Leng Le© Chiang Yong of Blk 112 Whampoa Road #08-77 Singapore *****2, have applied for a Beer House 2nd Class in respect of M/s HIAP CHIANG EATING HOUSE located at 215 Selegie Road, Singapore *****7, and that this application will be
      112 words
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      Page 21 Advertisements Column 2
      100 21 NOTICE IS HEREBY GIVEN that, I M. V. BALAKRISHNAN of 10 Cambridge Road Singapore *****7, have applied for a Beer House, First Class Licence in respect of M/s Sri Beema Vilas located at 48 Mosque Street Singapore *****6, and that this application will be considered by the Liquors Licensing Board
      100 words
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      Page 21 Advertisements Column 3
      102 21 NOTICE IS HEREBY GIVEN thai, I JAWAHAR SINGH of Blk 716 #08-51 Clementi West St 2 Singapore *****6, have applied for a Public House, First Class (Extended) Licence in respect of M/s Chandni Pub located at 291,Serangoon Road #02-01 Singapore *****7, and that this application will be considered by the
      102 words
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      Page 21 Advertisements Column 4
      104 21 NOTICE IS HEREBY GIVEN that, I WONG MEI LAI of 30, Saraca View Singapore *****1, have applied for a Ist Class Public House (Extended), Licence in respect of M/s Swee Kee Restaurant Pte Ltd located at Blk 5, Lock Road Singapore *****3, and that this application will be considered by
      104 words
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      2427 22 BUSINESS Notices 1 To advertise call toll-free 1800-741 ISS3 j IN THE HIGH COURT Of THE REPUBLIC Of SINGAPORE Companies Winding lip) No. 350 of 1996 In the Matter of the Companies Act (Chapter 50) And In the Matter of 3.VAT. (Asia Pacific) Pte Lid (Company Regn No. **********) APYFRTgEMfHTftfPfTmftfI
      2,427 words
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      Page 22 Advertisements Column 2
      323 22 NOTICE IS HEREBY GIVEN that, I LAN SIEW YIN of Blk 915 Hougang Street 91 #14-02 Singapore *****5, have applied for a Public House, First Class licence in respect of M/s Wet That Place Karaoke PUB located at No. 39 Kampong Bahru Road Singapore *****7, and that this application will
      323 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Business or politics? The Thai dilemma
      1355 23  -  Some Thai businessmen-turned-poMcians are coming full circle, returning to their now ailing enterprises. But others are deepening their political involvement reportsmehta HARISH MEHTA PRADIT Phataraprasit says he is confused. Should he stay on in politics, or return to the family business? The 43-year-old Deputy
      1,355 words
    • STRAWS In The Wind
      • Article
        A truly bare show
        82 23 ONE art gallery was able to deftly turn a potential disaster into an artistic statement. It had organised an exhibition for a visiting artist, accompanied by the usual food and wine. Everything was ready, the guests had all arrived but the artist wasn't there. He was
        82 words
      • Article
        Simply mystifying
        59 23 COMPANY memos must be the bane of every employee's life especially when couched in bureaucratic jargon. Some, however, may be simply worded but just as mystifying, like this example: "E-mail is not to be used to pass on information or data. It should be used only for company
        59 words
      • Article
        Over the top
        55 23 SEEMS like you can't be emphatic enough when it conies to making claims for the property you're selling these days. One owner who wanted to put across to potential buyers that his apartment was very nicely done-up put it like this in a recent ad: "It's in
        55 words
      • Article
        Suspended thrill
        33 23 NOW that the much-touted Viagra is going to be available in Singapore, here's something to think about: How is Viagra like Disneyland? Answer: It's a one-hour wait for a two-minute ride.
        33 words
    • VIEWPOINT
      • Article
        Time to tighten the leash on shooting of stray dogs
        776 24  -  Off the Cliff by The recent death of a man was an accident waiting to happen. The PPD needs to eliminate, and not just reduce such risks, and explore options other than shooting by Jaime Ee I'M sorry to say
        776 words
      • Article, Illustration
        Lock icon Controversial gum says he's just 'a regular guy'
        1002 24  -  Nonetheless, Deepak Chopra, whose alternative medicine and personal transformation doctrines have won a huge following and spawned a massive enterprise, tells cbibusb ltles he has no guilt about being successful CHARLISE LYLES NYT OVER the telephone, Deepak Chopra does not exactly sound
        NYT  -  1,002 words
      • Article, Illustration
        Legal drama overruled by sentimentality
        555 24  -  MOVIE REVIEW By Parvathi Narayan THE pity is that What Rats Won't Do starts so promisingly. Jack (James Frain) wakes up in a strange bed that's been very recently vacated by its female occupant. He obviously has no memory of who he slept with, or
        555 words
      • Article, Illustration
        Clever, but Antz doesn't get under your skin
        542 24  -  MOVIE REVIEW It's enjoyable and foil of virtual wizardry, bat fails to really engage By\ Parvathi Narayan Z-4195 is just a blue-collar worker, unhappy with his job, part of an over-large family, stuck in a society that does not appreciate individualism. Sounds
        542 words
    • COVER STORY
      • Article, Illustration
        Lock icon His first choice, politics, had to wait
        311 25 WHEN he was just 25, Pichase Panvichatikul wanted to run for parliament from his home province of Krabi in southern Thailand, but he discovered to his dismay that he was under-aged. The minimum age for an MP at the time was 30. The
        SUKREE SUKPLANG  -  311 words
      • Article, Illustration
        Lock icon Straddling two worlds
        475 25  -  mehta examines the business and political careers of four remarkable Thais, including the Deputy Minister of Transport and Communications HARISH MEHTA THE young Pradit Phataraprasit returned to Bangkok with a degree in business from Franklin Pierce College, New Hampshire, and worked for various family companies in the
        SUKREE SuKPLANG  -  475 words
      • Article, Illustration
        Lock icon Agent of change wearing 3 hats
        430 25 WHEN Poosana Premanoch served as the secretary general to the former prime minister Chavalit Yongchaiyudh last year, he used to wake up at 4am. It was the only way that he could juggle his time between working for the PM as well as the
        SUKREE SUKPLANG  -  430 words
      • Article, Illustration
        Hotelier tries to rebuild national economy
        366 25 WHEN telecom tycoon Thaksin Shinawatra asked Panlert Baiyoke to help him in forming the new Thai Rak Thai party, the latter joined him without any conditions. "My objective was to use my experience to help our party overcome the economic crisis which had turned
        366 words
    • STYLE
      • Article, Illustration
        Lock icon Putting a new Philosophy to the test
        538 26  -  COSMETICS By> Jaime Ee PHILOSOPHY is a whimsical name to give to a line of beauty products it gives you the impression that a lot of thought has gone into formulating just the right solution to a specific problem, and that if it
        CHRIS LOH  -  538 words
      • Article, Illustration
        Lock icon Driven up the wall, and loving it
        720 26  -  GARDENING A spot for recovering ferns has become a vertical garden By' Thien LATELY I've been spending a lot of time staring at a wall. No, I'm not depressed, at a psychological cross-road, or in mid-life crisis, and contemplating bashing my head against
        CHRIS LOH  -  720 words
      • Article, Illustration
        Hard jade and soft silk: a feel of Chinese history
        810 26  -  Collectors will be charmed by the jade carvings and embroidered textiles on exhibition at Spink Singapore, not to mention the nuggets of related information, as siamjay discovers SIAN JAY IF one were to think of China, suggests Pansy Ku, director
        810 words
    • EPICURE
      • Article, Illustration
        Lock icon Gourmet pizza: the crust of the matter
        851 27  -  Sistina Pizzeria shows corimiie hers why it claims to be at the top of the pizza chain in Singapore, and charges accordingly CORINNE KERK WHEN a new pizzeria opens and has the audacity to descibe itself as the "first and only truly gourmet
        PHOTOS BY CHRIS LOH  -  851 words
      • Article, Illustration
        Enjoy hairy crabs without feeling the pinch
        100 27  -  Compiled by Elaine Koh IT'S hairy crab season again and those who like them can indulge in them this year without paying restaurant prices. Yue Hwa Chinese Products is flying them in live from China from now until December. Best steamed over a
        100 words
      • Article, Illustration
        Lock icon Something good to sink your teeth into
        608 27  -  RESTAURANT A no-frills joint with yummy chicken wings and a killer BBQ sauce By Michelle Low AT Jerry's Barbecue and Grill, you dress down, ease up and dig in. Throw all gourmet assumptions out the window because here, a good meal means a
        ARTHUR LEE  -  608 words
      • Article
        Kopitiam splurges $1m on arty decor at Bras Basah
        89 27 CRAVINGS THE Kopitiam food court at Meridien Shopping Centre has decided to open a second outlet, this time with a decidedly arty feel. Kopitiam Bras Basah opens today on the ground floor of Plaza by the Park, with a $l-million decor
        89 words
      • Article, Illustration
        Hawker fare in the comfort of a hotel
        49 27 FOR those of you who want to eat your laksa and oyster omelette in comfort, there's a hawker buffet on at Hotel New Otani's River Terrace restaurant this month, Mondays to Thursdays, dinners only. Price: $22 for adults, $16 for children.
        49 words
      • Article
        A S African adventure
        65 27 LOVERS of exotica can head for Le Meridien's Cafe Georges over the weekend where a South African food promotion is on. You will find offerings like waterblommetijes (a lily-like veggie), baked lalimala coconut pudding and snoekfrikadel (fish patty). Buffet lunches at $28 and dinners at $35.
        65 words
      • Article, Illustration
        Lock icon Mexican food: get a load of the real stuff
        714 27  -  PROMOTION Four Season's festival is pricey bnt worth the money By Rahita Ellas FOUR Season's two-week Mexican Food Festival, which ends on Nov 14, is well worth a visit. Instead of the usual Tex-Mex fare you get in the average Mexican
        SIEW YAW HOONG  -  714 words
      • Article
        New offerings at Brewerkz
        63 27 BREWERKZ has updated its menu yet again. For starters, try the gigantic Sample Platter prawns, calamari, buffalo wings and beef satay. Or the mussels steamed in wheat beer and soft-shelled crab fried in beer batter. And yes, the $15 set lunch is still available, this time
        63 words
    • Article, Illustration
      Lock icon US designers determinedly optimistic
      716 28  -  FASHION The New York spring fashion week exuded cheerfulness despite the global economic slump and industry problems By\ Hagar Scher Reuters IGNORING troubling economic signs of the time, American designers are proclaiming gloom is out, optimism is in. The prevailing mood at New York's spring fashion
      Reuters; AFP  -  716 words
    • Article, Illustration
      WHAT'S ON
      393 28  -  Compiled by M Yasotha MUSIC Aysegual Sarica Turkish pianist Aysegual Sarica will perform Bach's Chromatic Fantasia and Fugue, Schubert's Fantasy in C major "Wanderer" and Schumann's Fantasy in C major. She is the resident soloist of the President Symphony Orchestra of Turkey since 1968. Nov 10, 8.15pm at
      393 words
    • Article, Illustration
      CINEMA
      742 29 Ants. Animated feature from Dreamworks, voiced by high-powered stars like Woody Allen, Gene Hackman and Sharon Stone. Z is a lowly worker ant who falls in love with a royal ant, Princess Bala, and winds up saving his ant colony. Lido, Chinatown, Choa Chu Kang, Hougang, Woodlands, Jurong, Republic,
      742 words
    • Article
      ENQUIRIES AND BOOKINGS
      117 29 Cathay Org Cathay 338-3400 Easlshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 OoMan Village 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina Tampines 8 Tiong Bahru Yishun Ovarsaas Movie Clementi/Co'wealth 777-0669 Golden/New
      117 words
    • TRAVEL
      • Article, Illustration
        Where time — and India's rich and famous — stand still
        901 30  - Where time and India's rich and famous stand still In a Himalayan hill station called Kasauli, rajekdra bajpai finds retired generals and civil servants living gracefully in ancient mansions RAJENDRA BAJPAI Nestling in the Himalayas and just seven hours by road from the burning plains of New Delhi is a
        901 words
      • Article, Illustration
        Lock icon A mouth-watering Italian experience
        897 30  -  Round every corner, up every alley, is simple but great food By Ruth Reichl NYT THERE is no bad food in Italy. That may be an exaggeration, but after three weeks of traveling there, I have come to believe it is true. In small towns and
        NYT  -  897 words
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      65 25 —Wednesdays Shaky outlook for sgsr The GSSstcoslftefy tomato as Asbihtanet rates ncfltaitiafpty -jf* T 1^ m$ *M*y lay OWL <hti I m"ctoJfc**ata!rwi3 from 4 par lnM Iftf MMiamm \X I *m*m «w »PPITI #«—r. «—mum ■Mini ■ml mm 1 I «*x*ro» p««iAM*» «Mii Hm*m+ *jtmLj*■ 4 r t»>ii jSC™l^^l5Hl mt
      65 words
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      324 28 Where to wine, dine and entertain...^ 1 m pSk rt at!r T@Bsaa "Tunch" is the best for lunch and High tea rolled into one. Which means longer serving hours and even more scrumptious spreads. Saturday, Sunday fit Public Holiday "lunch" 12 noon spm £15.80 (Adult) £11.80 (Child) Tunch Karaoke 3pm
      324 words
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      106 28 i Savour Revolving 19th Hoot cuisine with JkP Grossman at Top of the Revolving I Restaurant. Reservations: )j 831-6258/88 P Mandarin Singapore m Sflß JOB r 333 Orchard Road. Singapore *****7 "let *****11 Sat Sun 12 noon to 5:30 pm Adult $18.80 Child $9.40* Enjoy a leisurely Buffet Lunch that
      106 words
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  • Page 29 Miscellaneous
    • Miscellaneous
      Page 29 Miscellaneous Column 1
      2064 29 TODAY'S TV mn-nTTSimrr 19 5-30 Denver, The Last Dino KBOOMMBMDBD TXBWOTO .11 i u 1 10.00 AM Response TV. 0.00 Kaanbom Karpom (Tam W nrkin CT cri H is °ft en considered the u/ Children). VV U1 ftillg gll 1 best Cheng E-Kin has Bowling Tour 030 Theem Thaka Theem
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