The Business Times, 5 December 1998

Microfilm: NL21360
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    14 1 MITA (P) THE BUSINEŚ TIME SINGAPORE Internet: http://business-times.asial.com.sg/ WEEKEND EDITION, DECEMBER 5-6, 1998 85c
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  • Article
    MARKET SUMMARY
    54 1 Dsn 1367.13 (+13.70) wrnvt-m ELS IMJi (+8.75) wmsaaarmm LJaoaj»(+i.4i) SronMillKTlMMCM Friday ChufB KLSECOMP B7M «U# NIKKEI iillA*? -S7.11 HANGSENO IJO.14 -OJ1 SET INDEX 87.63 JAKARTA GOMP—SUM -140 MANILA COUP —*****4 +IM1 TAIPEI WPl 7 J0L84 *«L7I SEOUL COMP 4WJ4 +1S23 CLSA CHINA B Umv AUSTALLORD 1,7*17 *11.4 UmmES
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  • Article
    FINANCE
    73 1 ronzun USI s$ USI 1.654 £(USJ/S$ per 1.6U 1717 DM 1.186 1179 YEN 12 LI LXI* Nf UN 1434 HKS 7.744 MIS BART MM 0.046 WJPIAJI 7,474 0.08 •SttoMmU* PUKE BATES SINGAPORE* 6.41 KUALA LUMPUR Hi* JAKARTA M— BANGKOK 14.71 MANILA AM HONGKONG 10.26 TAIPEI AM SYDNEY 8.45 TOKYO
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  • Article
    Habibie govt to create new 'people's economy'
    974 1  -  Half of distribution network to be held by cooperatives, small enterprises From I Shoeb Kagda in Jakarta INDONESIA is embarking on a new programme to restructure the country's economic wealth, with the aim of creating a "people's economy" or ekonomi rakyat The economic
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  • Article, Illustration
    Lock icon Soros calls for Dr M's ouster, Anwar's release
    422 1 Financier renews war of words with blant comments Bloomberg [WASHINGTON! Billionaire US financier George Soros has renewed his war of words with Malaysian Prime Minister Mahathir Mohamad, calling for Dr Mahathir's ouster and the release from detention of his former deputy, Anwar
    Bloomberg  -  422 words
  • Article
    Plaza Singapura reopens to command 30% higher rentals
    503 1  -  DBS Land expects pay-back period of three to four years By\ Rahita Elias [SINGAPORE] Plaza Singapura, the pioneering shopping centre that thrived in the 70s and 80s before being eclipsed by other new malls, reopened its doors yesterday after an $85 million
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  • Article, Illustration
    100 new Merc S-Class cars snapped up
    307 1  -  Cycle Carriage expects even bigger weekend tnrn-ont By i Christopher Tan [SINGAPORE] There could be no clearer sign that some Singaporeans are not in the least affected by the economic crisis. They snapped up 60 new Mercedes-Benz S-class cars, worth $300,000 to $350,000
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      134 1 IH SIDE Stfll h th» IIHI ma Asia's recession is expected to stretch into 1999 with US and European economies slowing and regional government finances coming under pressure, the Industrial Bank of Japan said yesterday, Pf 5 IMF? W«4i Buk The International Monetary Fund defended its reform recipes for Asia
      134 words
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      Page 1 Advertisements Column 2
      42 1 Suhartos *1 am ready to bo quootfonod 9 Former Indonesian president Suharto may be summoned next week and put under house arrest. Full report, Pg 6 Anwar lawyer's jail sentence suspended, Pg 6 S African restaurant chain makes its debut, Pg 2
      42 words
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      Page 1 Advertisements Column 3
      135 1 We decided not to pull the plug. ISM& WtKtttKTm -^npHKr "V-iVibß^^^ r ifiT§r"iir* Ji^Ml^H "Great Breaks" has been extended until the year 2000. For every night you stay with us at a qualified rate, we'll give you a stamp good towards a great vacation in your choice of 18 wonderful
      135 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Govt may issue bonds onN-E MRTline
      308 2 THE government could issue bonds on the MRT north-east line (NEL), even though the $5 billion project is already being financed. Communications Minister Mah Bow Tan said this avenue of tapping funds would have to fit into the Land Transport Authority's building plans as
      LIM SIN THAI/THE STRAITS TIMES  -  308 words
    • Article
      TDB increasing efforts to penetrate emerging markets
      457 2  -  It sees opportunities in China, India, M-E and Latin America By. Audrey Tan THE Trade Development Board is stepping up efforts to open up markets in emerging economies to counter the regional downturn. TDB officials said at a press briefing yesterday that while
      457 words
    • Article
      MP Choo given leave of absence
      229 2 PRIME Minister Goh Chok Tong, in his capacity as secre-tary-general of the People's Action Party (PAP), yesterday granted Member of Parliament Choo Wee Khiang leave of absence from Parliament until the case over Choo's alleged involvement in abetting two cheating offences is resolved. The
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    • Article
      No duplication of bus and LRT services: Mah
      373 2  -  Rationalisation needed as it is not viable to have both, says minister By" Christopher Tan CURRENT public bus services will have to be "rationalised" once rail-based transit systems start plying their routes. Communications Minister Mah Bow Tan said yesterday. Speaking to reporters
      373 words
    • Article
      Not all civil servants over 60 affected by 10% pay cut
      509 2 NOT everyone in the civil service who continues working after 60 will have their salaries cut by 10 per cent about one-quarter of the 970 affected will see their pay reduced by less than that or none at all.
      509 words
    • Article
      Perdana Consultants awarded two URA tenders
      286 2 Both properties are 99-year leasehold shophonses PERDANA Consultants was awarded two tenders by the Urban Redevelopment Authority (URA) yesterday for two 99-year leasehold shophouse units in Telok Ayer Street and Club Street. A statement from the URA said that Perdana put in a winning
      286 words
    • Article
      Shell to speed up own restructuring process
      474 2  -  Gronp statement comes on heels of Exxon-Mobil merger Ronnie Lim SHELL, which will be overshadowed as the world's largest oU company by the ExxonMobil merger, has fired a warning shot across Exxon Mobil Corporation's bow, saying it still "is large enough in terms
      474 words
    • Article
      S African seafood restaurant chain opens first outlet
      337 2  -  By. Rahita Elias OCEAN Basket, a South African seafood restaurant chain, made its debut here with the opening of the first outlet at Plaza Singapura yesterday. Managing director Ricky Chew said that Ocean Basket in Singapore holds the master franchise licence for
      337 words
    • Article, Illustration
      Lock icon M&C Saatehi's revenue jumps 44% amid tough competition
      283 2 M&C Saatchi Singapore, the local arm of the international advertising agency, saw its revenue rise by 44 per cent this year and its chief executive officer expects it to grow by 30 to 40 per cent next year. This growth, achieved amidst
      SIEW YAW HOONG  -  283 words
    • Article
      British Gas to spend $3.2 m on R&D here
      167 2 BRITISH Gas Asia Pacific is committing about $3.2 million in R&D projects here with the two local universities. At the National University of Singapore, British Gas will work with researchers for over three years to develop polymer membranes to purify natural
      167 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • Article
      Keeping an eye on financial plannig advisers
      691 3  -  COMMENTARY While the new planners' association will go a long way In raising standards, tha next rhallflngw lias fat Ucftn«<ngth«xm ptwfAgglnnalc By Shiv Taneja THE formation of the Financial Planning Association of Singapore (FPAS) is just one of a two-step process to ensure
      691 words
    • Article
      Call for more balanced look at unit trusts
      506 3  -  LETTER TO THE EDITOR Kevin Cheok Singapore I REFER to your recent stories on investing in units trusts in Singapore. I have three points: First, a quick perusal of BT clearly illustrates that most Singa-pore-based funds have underperformed their benchmarks. I am
      506 words
    • Article, Illustration
      Lock icon Fund profile
      339 3 Source: Investment objective Long-term capital growth through investment in banks and financial institutions that are rated A3 and above by Moody's or regarded as blue chip. Investment style Emphasis on securities selection using a bottom-up approach. Regular company visits are made and the fundamental investment approach is supplemented
      Source:  -  339 words
    • Article, Illustration
      Lock icon Performance based fees may lead to higher risk taking
      1106 3  -  Clients are as well off with conventional flat fee structures but tiered for size By 1 Tan Keng Hock The writer is a director with Schroder Investment Management Singapore. [SINGAPORE] Since investment management fees are usually charged as a percentage of
      FILE PHOTO  -  1,106 words
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        350 4 Those polled for their views on the Singapore stock market outlook for next week were: Deutsche-Morgan Grenfell, Fraser, GK Goh. ING Barings. Kay Hian, Kim Eng. Merrill Lynch. Rothmans Industries Ltd ♦(Maintain Buy) Fraser-AMMB Research, Dec 4, $9.15 We are retaining our earnings forecast and the fair
        350 words
      • Article, Illustration
        In My Opinion
        443 4  -  Irene Cheung Executive director Asia Pacific Research CLBC World Markets i 'CURRENCY risk in Asia has diminished after the greenback lost its glamour on rising financial sector risk and three rounds of interest rate cuts. Fears of a renminbi devaluation have dissipated accordingly. While we have long
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    • Article, Illustration
      Lock icon Banks: after the rally, consider the long term
      890 4  -  Liquidity and liberalisation are good news, but the region's woes are far from over. Weigh these factors carefully /fyi Clarissa Tan [SINGAPOREI IT'S been heady days indeed for bank stocks. Singapore's Big Four banks have seen their share prices more than double
      Source: Bloomberg  -  890 words
    • Article, Illustration
      Lock icon Mergers keep Manila stocks buoyant
      497 4  -  EYE ON TEE REGION: TEE PHILIPPINES From, Al Labita in Ma nila SPECULATIVE plays have propped up the Philippine equity market, sparked by rumours that more mergers and acquisitions (M&A) are in the works for some stocks. Such talk continued to drive up the bellwether
      FILE PHOTOS  -  497 words
    • Article, Illustration
      Lock icon Keep faith with the recovery
      1007 4  -  STl's fall seen as necessary correction, rather than end to uptrend By\ Louis Beckerling [SINGAPORE] It was another nerve-wracking week for punters as dealers queued more profit-taking sellers into their screens than buyers. But though both main market indices ended lower the STI down 37.6
      Source: Bloomberg  -  1,007 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      57 3 GdTTI6 Meet the George Soros Raymond Ouah portfolio by 24.2"-n to over $31,000 Follow the fortunes of Raymond and the other players in the weekend edition of The Business Times. riff iftii i jfr QDIIS-'vSSf f f,y 45) Henderson Nkiioixs A i-i-i i<. \ll [JP I cmplclon -fill- uob asset
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      Page 3 Advertisements Column 2
      11 3 Sunday Classified -flVaAtvct at Clarke Quay Every Sunday, 9am spm |ca.t.s|
      11 words
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      36 4 $26 brings Waggy home. J&. jfjL KJ| ■F» End ihe doggone search find your doggie with Fastads for /K' >J z7.l r >-V as little as 526 Call C A T S at 1800 737 1166
      36 words
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon HK banks lower prime rate by 0.25 point to 9.25%
      411 5 Fourth rate drop this year comes after cuts in Europe Bloomberg [HONGKONG] Hongkong banks cut their best lending rate by 0.25 of a percentage point to 9.25 per cent in the fourth interest rate reduction this year. Standard Chartered Bank
      Bloomberg  -  411 words
    • Article
      Lock icon Ringgit rate not overvalued: official
      252 5 Reuters [KUALA LUMPUR] The Malaysian ringgit's fixed exchange rate of 3.80 units per US dollar is "competitive and not overvalued", a senior finance ministry official said, predicting an economic rebound next year. Secretary General Arls Othman said the government expects the economy to begin recording
      Reuters  -  252 words
    • Article, Illustration
      Lock icon Every little bit counts
      86 5 [SEOUL] A South Korean child, with help from his mother, puts money in a charity box set up by the Korean Salvation Army on a central Seoul street yesterday. Over the past year, since the country accepted a huge bailout package from the International Monetary Fund,
      REUTERS  -  86 words
    • Article
      Lock icon Philippine inflation peaks at 11.2% in Nov
      199 5 Reuters [MANILA] The Philippines announced yesterday it had posted 11.2 per cent annual inflation in November, the highest figure for any month in the year, but analysts said the full-year government target of below 10 per cent was still attainable. Analysts said the
      Reuters  -  199 words
    • Article
      Lock icon Asia slump deepening, likely to stretch into 1999: IBJ economist
      446 5 GDP set to decline in all nine key economies except China and Taiwan AFP [BANGKOK] Asia's recession is expected to stretch into 1999 with US and European economies slowing and regional government finances coming under pressure, the Industrial Bank of
      AFP  -  446 words
    • Article
      Lock icon Indon bank merger may see 15,000 laid off
      376 5 Bank Mandiri to be created by merger of four state banks Reuters AFP [JAKARTA] Indonesia said yesterday it planned to lay off up to 60 per cent, or 15,000, of the 25,000 workers employed by four state banks which are merging. "The
      Reuters; AFP  -  376 words
    • Article
      Lock icon Hard to limit Japan economy's contraction to -1.8%: Miyazawa
      271 5 Bloomberg [TOKYO] Japanese Finance Minister Kiichi Miyazawa said the government's hopes of limiting contraction of the economy to 1.8 per cent in the year through March will be tough to realise. To reach that target, the economy would have to grow
      Bloomberg  -  271 words
    • Article
      Lock icon Broad pact reached on Thai reform bills: minister
      294 5 AFP [BANGKOK] Thailand's government has reached broad agreement with opponents in the senate over a raft of 11 key economic reform bills stalled in Parliament, the finance minister said yesterday. The debate over the legislation in particular amended bankruptcy, foreclosure and foreign
      AFP  -  294 words
    • Article
      Regional stock markets recover poise
      282 5  -  Volumes low as increased volatility keeps players away By\ R Sivanithy [SINGAPORE] Regional stocks steadied yesterday after two days of hefty falls, helped in part by a slight firming in the S&P 500 futures contract that seemed to point to fair weather on Wall Street
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    • Article
      Lock icon Dow up 126 points at noon EST
      97 5 Bloomberg [NEW YORK] US stocks rose in midday trading after a government report showed the US added more jobs than expected in November, increasing optimism that the economy is growing enough to boost corporate profits. The Dow Jones Industrial Average rose 126.42 points
      Bloomberg  -  97 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      115 5 KLSE asked to quicken Clob share transfer, Pg 8 World Scientific Publishing Co. Pre. Lrd. onnounces THE FIRST World Scientific to be delivered by Nobel Laureate Steven Chu (Stanford University) Joint Winner of the 1997 Nobel Prize in Physics "The How ond Why of Loser Cooling ond Trapping of Atoms"
      115 words
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  • REGION
    • Article
      Lock icon Cambodia expected to reclaim its seat in UN
      331 6 UNITED NATIONS Reuters CAMBODIA is expected to reclaim its UN seat vacant more than a year after a General Assembly committee yesterday examines the credentials of a delegation appointed by the country's new coalition government, UN sources said. The assembly's nine-mem-ber credentials
      Reuters  -  331 words
    • Article, Illustration
      Lock icon Dancing to new heights
      57 6 [SYDNEY] Gavin Robins (left) and Debra Iris Batton, better known as' Legs on the Wall", performing their dance routine while hanging from the side of a 125-metre high building in Sydney on Thursday. The acrobatic team performed their 'daring, physical theatre in synchronised formation to music
      REUTERS  -  57 words
    • Article
      Lock icon Anwar lawyer's jail sentence suspended
      651 6 ANWAR'S TRIAL 200 lawyers protest outside Court of Appeal against sentence Reuters I KUALA LUMPUR] A Malaysian court yesterday suspended a three-month jail term imposed on a lawyer representing sacked finance minister Anwar Ibrahim as more than 200 lawyers protested in public against the sentence.
      Reuters  -  651 words
    • Article
      Lock icon KL attacks US trade, investment policies
      358 6 KUALA LUMPUR It accuses US of trying to impose its will abroad AFP MALAYSIA'S International Trade and Industry Ministry denounced the US in a report yesterday for trying to impose its will beyond its jurisdiction in many of its trade and investment policies. "This
      AFP  -  358 words
    • Article
      Lock icon Moody's rating will help China bond sale
      273 6 HONGKONG Bloomberg [HONGKONG] China s looming sale of up to US$l billion (Ssl.6 billion) of government bonds is almost sure to happen next week after Moody's Investors Service confirmed the country's A3 credit rating, bankers and fund managers said. The rating agency, which
      Bloomberg  -  273 words
    • Article
      Lock icon Taiwan parties flat out in last-ditch efforts before elections
      338 6 TAIWAN Polls seen as turning point for major political change AFP FRENZIED campaigning in Taiwan drew to a close yesterday on the eve of elections closely watched by China and dominated by fierce debate on the island's future ties with the
      AFP  -  338 words
    • Article
      Lock icon No easy way to stop another Busang
      238 6 JAKARTA AFP THERE is no simple way to prevent another scam on the scale of the 1997 Busang "find of the century" gold mine hoax in Indonesia that cost investors millions of dollars, an expert said yesterday. But Michael Lawrence, president of the
      AFP  -  238 words
    • Article
      Lock icon Suharto says he's ready to be questioned
      412 6 JAKARTA He may be summoned next week, put under house arrest Reuters AFP (JAKARTA] Former Indonesian president Suharto said yesterday he was prepared to be questioned by the attor-ney-general, as a senior government official said Mr Suharto could be placed under house arrest
      Reuters; AFP  -  412 words
    • Article
      Lock icon Muslim mob torches church in Sulawesi
      221 6 ■JAKARTA Attack on Catholic church after Friday Muslim prayers AFP A MUSLIM mob yesterday attacked and set on fire a Catholic church in South Sulawesi in the latest incident of religious strife to hit Indonesia in the past two weeks, residents said. The mob
      AFP  -  221 words
    • NOTE Book
      • Article
        Lock icon Audit reveals 100b yuan in illegal funds
        105 6 Reuters [SHANGHAI] China uncovered accounting irregularities involving over 100 billion yuan (5J19.8 billion) in a nationwide audit of 105,600 firms and their subsidiaries earlier this year. Auditors ordered the companies involved in illegal activities to hand over the funds to the state or
        Reuters  -  105 words
      • Article
        Lock icon HK union seeks to block new bonus plan
        99 6 AFX-Asia [HONGKONG] The Hong Kong Telephone Co Ltd Staff Association has been campaigning to secure the approval of Hong Kong Telecommunications Ltd's employees to negotiate the proposed change in the year-end bonus scheme, the Hong Kong Standard reported yesterday, quoting union chairman
        AFX-Asia  -  99 words
      • Article
        Lock icon Head of Taiwan groap under probe
        77 6 AFP [TAIPEI] The head of an ailing Taiwanese conglomerate faces charges of embezzlement and violating securities trading rules after his group defaulted on a NT$7OO million (5535.6 million) stock purchase last month, a Taipei prosecutor said yesterday. Panvest Group chairman Chang Chao-hsiang, his brother
        AFP  -  77 words
      • Article
        Lock icon Iĺegal Indon miners on rampage
        92 6 Reuters [JAKARTA] Illegal gold miners torched buildings and equipment owned by Indonesian nickel and gold giant PT Aneka Tam bang after hearing rumours that a colleague had been killed by security guards, the company said yesterday. Aneka Tambang said the incident occurred on Thursday after
        Reuters  -  92 words
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  • REGION/WORLD
    • Article
      Lock icon IMF tells World Bank to mind its own business
      591 7 WASHINGTON Bank says it never intended to criticise, after chief economist slams IMF policy Reuters THE International Monetary Fund defended its reform recipes for Asia on Thursday while the World Bank, whose officials have questioned IMF-mandated high interest rates, said it
      Reuters  -  591 words
    • Article
      Lock icon IMF to release new growth forecasts
      251 7 WASHINGTON Reuters THE International Monetary Fund (IMF) announced plans for a new review of world economic prospects on Thursday, the second time in two years that it is revising growth forecasts outside its normal schedule. An IMF spokesman said the new document, looking at
      Reuters  -  251 words
    • Article, Illustration
      Lock icon Successful on the second endeavour
      73 7 [TITUS VILLE, Florida] The space shuttle Endeavour lifting off from launch pad 39A at the Kennedy Space Center early yesterday as shown in a time exposure from a marina in nearby Titusville. The crew was successful in its second attempt to begin Mission STS-88, the
      REUTERS  -  73 words
    • Article
      Lock icon US jobless rate down in Nov despite faltering manufacturing sector
      343 7 WASHINGTON Hiring strong in service industries and construction Reuters THE US unemployment rate fell in November and the economy cranked out new jobs at a surprisingly fast pace, signalling the job market remained robust despite a faltering manufacturing sector, the
      Reuters  -  343 words
    • Article, Illustration
      Lock icon Worst almost over for S Korea, says ADB chief
      413 7 mSEOUL Reuters SOUTH Korea has nearly hit the bottom of its steep economic decline, Asian Development Bank (ADB) president Mitsuo Sato said yesterday. "My impression is that the economy is at or near the bottom of the cycle," Mr Sato told
      Reuters; REUTERS  -  413 words
    • WORLD Watch
      • Article
        Lock icon Euro rate cat wont slash joblessness
        71 7 Bloomberg [LUXEMBOURG] The coordinated interest rate cut by the euro-11 countries won't do much to push unemployment down, Bundesbank President Hans Tietmeyer said. The early announcement of the 3 per cent starting rate for Europe's common currency will help to "stabilise financial markets" amid
        Bloomberg  -  71 words
      • Article
        Lock icon Confidence In EU lip lit Nov
        79 7 Bloomberg [BRUSSELS] Economic confidence in the 11 countries slated for Europe's common currency rose in November, as a rebounding stock market outweighed a decline in industrial expectations, the European Commission said. The business confidence index for the countries adopting the euro next year rose
        Bloomberg  -  79 words
      • Article
        Lock icon Campaign finance out of Clinton inquiry
        35 7 AFP [WASHINGTON] The impeachment inquiry into US President Bill Clinton will not include campaign finance abuse charges, a top Democratic aide to the committee conducting the probe said Thursday.—AFP
        AFP  -  35 words
      • Article
        Lock icon Bonn passes 1st phase of tax reforms
        34 7 Reuters [BONN] The German Parliament yesterday passed the first stage of Chancellor Gerhard Schroeder's tax reform proposals that will reduce taxes for low-income wage earners in January.—Reuters
        Reuters  -  34 words
    • Article
      Lock icon UK, France strengthen military ties
      120 7 SAINT-MALO, France Reuters BRITAIN and France set the seal on tightening their defence cooperation yesterday with a shipboard signing ceremony and bold declarations about a new era in bilateral military relations. Defence ministers George Robertson and Alain Richard, meeting before dawn on the deck of
      Reuters  -  120 words
    • Article
      China's growth seen picking up to 7.5% in next two years
      427 7  -  WORLD BAME REPORT By. Lu Ning [SINGAPORE] The World Bank projects that China's economic growth will accelerate to 7.5 per cent next year and in 2000, up from 7 per cent for this year, and says that the country
      427 words
    • Article
      Lock icon India must find new export areas to grow: World Bank
      185 7 NEWDELHI AFP INDIA must target new export areas for fuelling its economic growth but should keep an eye on its huge fiscal deficit, a World Bank economist said yesterday. "It is clear that India and to a larger extent South
      AFP  -  185 words
    • Article
      Lock icon Java didn't live up to 'write once, run anywhere' promise: Microsoft
      457 7 THE MICROSOFT CASE Bloomberg {WASHINGTON] Microsoft Corp took a different tack to rebut allegations it illegally tried to neutralise Sun Microsystems Inc's Java programming language to defend its Windows monopoly. A day after Microsoft acknowledged it saw the Sun
      Bloomberg  -  457 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      315 7 CRYPTIC CROSSWORD ACROSS r —l r —l, i u fe I fe 1 Lasting present it's well- I II 1 r l I I I made (10) |H 1 j 9 Churlish, as are many in the French way (4) j lO j 10 A right little renegade, or so
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  • COMPANIES & MARKETS
    • Article
      Lock icon PAL said to be discussing alliance with SIA
      378 8 AFP [MANILA] Debt-ridden Philippine Airlines (PAL) is negotiating with Singapore Airlines (SIA) on a possible alliance after talks with Hongkong and US carriers failed, a top government source said yesterday. "There is an ongoing negotiation with a new airline, Singapore Airlines," said
      AFP  -  378 words
    • Article, Illustration
      Lock icon New look OCBC will focus on consumer banking
      478 8  -  CEO'drawing ont road map'; m change to cost $50,000-5200,000 for each outlet By Clariśa Tan [SINGAPORE] OCBC Bank, which is primping up its corporate image and retail outlets, will be focusing "very much" on consumer banking, its new chief executive Alex Au
      CHRIS LOH  -  478 words
    • Article
      DBS seen starting talks with Fuji Bank to buy Kwong On
      373 8  -  Speculation of DBS' interest intensifies after another suitor calls off negotiations From Loh Hui Yin in Hongkong DBS Bank has been tipped to start negotiations with Fuji Bank to buy the Japanese bank's 51 per cent stake in Kwong
      373 words
    • Article
      SES asks KLSE to speed up transfer of Clob shares
      356 8 CDP has complied folly, it says after ELSE statement [SINGAPORE] The Stock Exchange of Singapore has asked the Kuala Lumpur Stock Exchange to speed up the transfer of Malaysian shares previously traded on Clob International to investors' individual interim securities
      356 words
    • Article
      IDT to raise US$5m from placement to fund expansion
      197 8 [SINGAPORE] IDT Holdings is proposing to place out five million new shares at US$l.O2 each; and its parent has contracted to sell 10 million existing shares in the company to Kay Hian at the same price. The shares are being placed
      197 words
    • Article
      ST Auto pulls plug on two Viet ventures
      240 8  -  By\ David Boey [SINGAPORE] Singapore Technologies Automotive, a unit of mainboard-listed ST Engineering, yesterday announced that it is pulling the plug on two joint venture projects in Vietnam after the "severe regional downturn" affected these ventures. A statement released by ST Engineering
      240 words
    • Article
      VDH $258 m debt pile puts creditors in quandary
      551 8  -  HOCK LOCK SIEW Louis Beckerling HE chances of Van der Horst r I 1 (VDH) trading itself back into I the black and out of its debt I pile are s!im, analysts say. -A- The marine engineering and infrastructure company unveiled
      551 words
    • REGIONAL COMPANIES
      • COMPANY Briefs
        • Article
          Pan-United China unit ups capital
          105 9 [SINGAPORE] Pan-United Corp's subsidiary, Singapore Changshu Development Company Pte Ltd (SCD), has raised its paid up capital from $17 million to $50 million by issuing 33 million new shares at par of $1. The new shares were tally subscribed by its shareholders in the proportion
          105 words
        • Article
          Lock icon RHB gains 24 sen as trading resumes
          86 9 Bloomberg [KUALA LUMPUR] Shares of Raahid Hussain Bhd rose 24 sen to Malaysian ringgit when trading resumed after a four-day halt On Monday, RHB swapped 29 per cent of its shares with control of several real estates and plantation companies owned by the
          Bloomberg  -  86 words
        • Article
          Lock icon Landmarks in talks on asset dissposal
          56 9 AFX-Asia [KUALA LUMPUR] Landmarks Bhd said it is in advanced stages of discussions with certain parties on the possible disposal of some of its assets. The company said in reply to a query from the Kuala Lumpur Stock Exchange that an announcement will be
          AFX-Asia  -  56 words
        • Article
          Four Seas BAnk now FSB Holdings
          49 9 [SINGAPORE] Oversea-Chinese Bulking Corp said that following the merger of Four Seas Bank with OCBC and the cessation by Four Seas Bank of its banking operations, Four Seas Bank has changed its name to "FSB Holdings Ltd". The change took effect on Monday
          49 words
      • Article, Illustration
        Lock icon Malaysian properly shares soar on news of drive to boost sector
        456 9 Reuters [KUALA LUMPUR] Malaysian property shares jumped yesterday in response to a government campaign to promote sales of privately-built homes, but the move is not expected to lift the debt-laden property sector out of the doldrums. The Kuala Lumpur
        Reuters; Source:  -  456 words
      • Article
        Ipco venture bags RM247m Petronas Gas contract
        134 9 [SINGAPORE] Ipco International said its joint venture with Malaysian and American partners has been awarded a 247 million Malaysian ringgit (Sslo7 million) gas pipeline construction contract by Petronas Gas Bhd. Ipco's stake in the venture is held by wholly-owned subsidiary Ipco Constructors Sdn
        134 words
      • Article
        Lock icon DaimlerChiysler to lay off 2,000 staff at Canada plant
        96 9 Bloomberg [WINDSOR, Ontario] DaimlerChrysler AG's US unit will lay off all 2,000 workers at its truck factory in Windsor to keep inventories of its Dodge Ram vans and wagons under control. The world's fifth-largest carmaker will lay off its workers at
        Bloomberg  -  96 words
      • Article
        Lock icon Renong bondholders seek recovery of their money
        484 9 They fear the debt-laden group may wait in vain for govt-backed rescue Reuters [KUALA LUMPUR] Bondholders of Renong Bhd have served notice for recovery of their money after judging that the debt-laden Malaysian conglomerate may be waiting in vain for a governmentbacked rescue,
        Reuters  -  484 words
      • Article
        Lock icon Mounting debts push Renong's Q1 loss to higher-than-expected RMl45m
        529 9 Bloomberg [KUALA LUMPUR] Renong Bhd, Malaysia's biggest industrial group, swung to a worse-than-expected loss in the first quarter ended Sept 30 as sales slowed and debt ballooned. Renong said it lost 144.99 million Malaysian ringgit (5562.9 million), or 6.6 sen a
        Bloomberg  -  529 words
      • Article, Illustration
        Lock icon Porsche revs up sales 34%
        93 9 [STUTTGART] Wendelin Wiedeking (left), chiefexecutive of German sports car maker Porsche AG, and Holger Haerter, a member of the board, sitting in front ofa photo of a Porsche 911 during a news conference here on Thursday. Porsche, which last year posted a 20 per cent
        REUTERS  -  93 words
      • Article
        Lock icon Perodua says merger with Proton not feasible now
        273 9 AFXAsia, Reuters Reuters [KUALA LUMPUR] A merger between Perusahaan Otomobil Nasional Bhd (Proton) and Perusahaan Otomobil Kedua Sdn Bhd (Perodua) will not be possible if both companies continue with their current strategic partners, Perodua managing director Abdul Rahman Omar said. "On a
        AFX- Asia, Reuters; Reuters  -  273 words
      • Article
        Aussie-listed Tat Hong seeks S'pore listing
        365 9  -  It eyes secondary listing SES turned down '94 application From Russell Baker in Sydney SINGAPORE-BASED heavy equipment supplier Tat Hong Holdings, which was listed on the Australian Stock Exchange (ASX) last year, is seeking a secondary listing on the Stock Exchange of Singapore (SES).
        365 words
      • Article
        BIL appoints chairman as CEO, wants bigger say in investments
        465 9  -  From Russell Baker in Sydney THE task of rejuvenating Brierley Investments Ltd (BIL) has landed on recently appointed executive chairman Selwyn Cushing, who will also be taking on the job of chief executive at the troubled investment company from next
        465 words
      • Article
        Lock icon Johnson & Johnson closing 36 plants
        334 9 Johnson Johnson closing 36 plants It'll take USsBoom Q4 charge, cat 4,100 jobs as it struggles to keep ap with rivals NYT [NEW YORK] In a move to bolster lagging earnings, Johnson Johnson, the world's fifth-largest drug maker, announced on Thursday that it would take an US$BOO million (Ssl.3 billion)
        NYT  -  334 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon ING raises stake in a possible takeover target CCF
        288 10 Bloomberg [PARIS] ING Groep NV, Europe's fifth biggest bank, declared it lifted its stake in Credit Commercial de France SA to 5.94 per cent just as an Italian magazine said the French bank is close to reaching an accord with San
        Bloomberg  -  288 words
      • Article
        Lock icon Citibank enabled Salinas to launder funds: report
        517 10 Bank officers did not comply with policies aimed at detecting fraud, say papers citing 6AO findings Bloomberg [NEW YORK] Citigroup's Citibank, by ignoring its own safeguards against fraud, helped Raul Salinas de Gortari move as much as US$lOO million (Ssl6s million) from Mexico
        Bloomberg  -  517 words
      • Article
        Rubber dealers fighting banks on US$/RM exchange rates
        395 10  -  By\ Stiow Li Sen [SINGAPORE] As the year draws to a close, rubber dealers are reportedly unhappy with the exchange rate at which their US dollar-Malay-sian ringgit positions are being unwound, and are considering legal action against their bankers. The rubber community
        395 words
      • Article
        Lock icon DE Shaw to axe 25% of staff in trading unit
        281 10 It's winding dawn alliance with Bank America Bloomberg [NEW YORK] DE Shaw Co, a New York brokerage firm and hedge fund, will fire 25 per cent of its staff, or 264 people, and sell some businesses as it closes a
        Bloomberg  -  281 words
      • Article, Illustration
        Lock icon Time and money
        86 10 [UTRECHT, Netherlands] A Dutch Mint worker displaying a very special coin on Thursday to coincide with the new millennium. The coin has a little clock that counts back the seconds to Jan 1,2000. The Dutch Mint is making 1,5000f these coins for the African state of Sao
        AFP  -  86 words
      • Article, Illustration
        Lock icon Bearish undertone for greenback
        425 10 USB/mark: The tone turned bearish for the greenback this week when the unit collapsed from Monday's high of 1.7134 to touch a low of 1.6625 by Thursday. Thereafter, the unit rebounded to trade around the 1.6670 level yesterday morning. Strong support is seen at 1.6610, which
        Source: DBS Bank  -  425 words
      • Article
        Lock icon Q4 profit at Canada's biggest bank plunges 92%
        485 10 CIBC hit by trading losses, lower capital market revenue Bloomberg [TORONTO] Canadian Imperial Bank of Commerce's fiscal fourth-quarter earnings plummeted 92 per cent after Canada's largest bank was stung by trading losses and lower capital market revenue in a climate of slowing
        Bloomberg  -  485 words
      • Article
        Lock icon UBS eyeing Macquarie Bank: report
        162 10 AFP [SYDNEY] Swiss commercial bank ÜBS is sizing up Australian investment house Macquarie Bank Ltd as a takeover target, a report said here yesterday. Business Review Weekly magazine said ÜBS, the parent of brokerage house Warburg Dillon Read Australia, was interested in increasing its investment
        AFP  -  162 words
      • Article
        Late push keeps bears at bay
        196 11  -  STMTiX Reports MS& Singapore Index Bob Butcher, Jardine Fleming A LOWER US market ensnared early sellers of the MSCI Singapore Index in a bear trap. The lead month December contract opened below the closely watched 200 level at 198.00. The market made its lows
        196 words
      • Article
        Futures rally ahead of polls
        166 11  -  MSCI Taiwan ftitoras Cecilia Loh, Refco Singapore THE Simex MSCI Taiwan Stock Index futures rallied 3.10 points on optimism that government-controlled funds would be active in the share market ahead of today's election boosting investors' confidence. The Kuomintang party is expected to win at least
        166 words
      • Article
        Lock icon Oil prices up but mood still bearish
        395 11 ENERGY REPORT Reuters [LONDON] Depressed oil prices gained a little ground yesterday even though weak demand and a divided Opec continued to drive bearish market sentiment. "These little movements are just background noise," said Peter Gignoux of Salomon Smith Barney in London. The
        Reuters  -  395 words
      • Article
        Lock icon CURRENCY REPORT
        326 11 AFX-Asia Bloomberg London THE dollar rallied in late trade on the back of surprisingly strong jobs data in the US and renewed strength amongst shares on Wall Street, dealers said. November's labour market report showed non-farm payrolls rising 267,000 on the month compared with market expectations for an
        AFX-Asia; Bloomberg  -  326 words
      • Article, Illustration
        Untitled
        1264 11 INTERBANK CROSS RATES pe, 4 AS C$ Bulb ECU Ffr Dm MS Ind »i Eupiah Vtn Won Ml WZS P«k Rs Peso S$ Bawd Sfr tfT$ 8afct Pomt USS Australia 0.973 6.178 0.546 3.594 1.072 4.922 27.053 47.500 0.775 7.871 2.415 1.202 34.*****.800 1049 3.597 0.879 20.597 22.929 0.385 0.636
        1,264 words
      • Article
        Untitled
        1932 11 SICOM FUTURES RUBBER (futures clostnq k at 5.30pm) RSS1 CONTRACTS cents/kq) Close Volume Open Month Hkjh Low S«tt (tomes) Interest Jan 99 107.75 150 Feb 99 109.50 975 Mir 99 m.25 1175 Apr/Jun 99 117.50 117.50 116.00 7S 2400 Jul/Sep 99 121.25 121.25 120.00 75 75 Oct/Dec 99 123.50 75
        1,932 words
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      Lock icon HONGKONG
      1322 12 Reuters Q Hang Seng -83.01 STOCKS eased to a lower close yesterday but brokers said the market lacked firm direction after overseas markets turned in a mixed performance overnight. The Hang Seng Index lost 83.01 points, or 0.83 per cent, to finish at 9,963.14. Turnover contracted to a quiet
      Reuters  -  1,322 words
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      Lock icon CHINA
      519 12 Reuters HI Shenzhen B Index +OJ9 SHENZHEN'S hard currency B shares closed firmer yesterday, as domestic buying in blue chips late in the session lifted the index off early lows, analysts said. The B Share Index gained 0.19 of a point to 57.30, recovering from an intraday low of
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  519 words
    • Article
      Lock icon TAIPEI
      383 12 AFP HWPhta +6L73 TAIWAN share prices rose 0.9 per cent yesterday on strong buying of technology shares ahead of local elections, dealers said. An overnight rise in the semiconductor sector in the United States boosted buying of local chipmakers, said Andy Wei, research manager of Master Link Securities. "The
      AFP  -  383 words
    • Article
      WORLD STOCK MARKETS
      2257 12 LOtHHHt Industrials 0e<« Nik* 31 Croup 554.000 AB Ports 301.400 0.400 Abbey National t172.830 36.330 Allied Domecq 510.200 -1.800 Allied Zurich 832.000 -20.000 Am« 174.000 1.600 Asda Group 154.000 1.000 BATInd 542.400 27.200 80 PK 405.400 10.400 8 ICC 58.000 -3.000 BOC Group 875.000 5.600 BR Petroleum
      2,257 words
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      Lock icon TOKYO
      1606 12 Bloomberg PgM» -57J1 JAPANESE stocks fell for the fifth time in six days, as investors worried that a US slowdown and a weaker dollar would stunt profit growth by exporters. Sony Corp and Honda Motor Co led the retreat after shares tumbled on Wall Street, dragging down the dollar
      Bloomberg  -  1,606 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        9126 13 INDUSTRIALS Consumer products 1998 Lnt Vol Day Net Cap Hiqn Low Company Sal* 'OOO L— M %mm 320 170 Ajmomoto 306 7 11 310 291 16.9 124.0 148 35 Anqkasa 113 5 789 117 106 166.6 310 123 Apollo rood Hlg 280 9.7 112.0 388 108 BerjayaLand 215 25 1123
        9,126 words
      • Article, Illustration
        Lock icon Institutional support lifts shares
        424 13 AFP QOooV«gtetada_ MALAYSIAN share prices closed 1.1 per cent higher yesterday on institutional buying interest in index-linked stocks. "Institutional buying support on index-linked stocks such as Tenaga cum retail buying pushed the bourse up," a dealer with a local brokerage said. The benchmark Composite Index rose
        AFP  -  424 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2457 14 BONOS, LOANS i WARRANTS m 1998 Last V* Day LMt Ouata A»« High Loo Strra Company it* W COOO) High Law Buy.' Sallar Prlca 20.5 3 3160 -Acar ******1 US$ 13.5 unch 26 14 13 13.5 14 95 4.5 3164 Acma ******4 15 -0.5 404 16 14.5 15 15.5 16
        2,457 words
      • Article
        CLOB INTERNATIONAL
        223 14 HONGKONG STOCKS Or Of 1998 Last Vol Day Last Ouot* W* Mv VH Nat M Cap High Law mm Coiwpmy Sail COOP) Ht» Law Buy* SaHaf H Cvr P/t $«K 400 250 5123 COL (2000) HK 400 8.0 2.4 2.0 20.5 7744.7 5124 Cathay Pac 20c HK_720 265.0
        223 words
      • Article
        UIC wrt: only limited time left
        185 14  -  WARRANT WATCH By R Sivanlthy UNITED Industrial Corps warrants have, at one time or the other, been immensely popular with punters. Now that the 1998 instrument has expired, it's time to look at the 1999 warrant, which expires in June next year. At 8.5
        185 words
    • Article
      Lock icon WELLINGTON
      260 14 AFP P| Wellington +9J3 SHARES ignored a 2 per cent plunge on Wall Street overnight and recovered from some early weakness to close 0.5 per cent higher. The NZSE-40 Index was up 9.93 points to 1,913.57 on turnover of NZ$l3l million with Telecom Corp up 13 cents to NZs7.BB—
      AFP  -  260 words
    • Article, Illustration
      Lock icon BANGKOK
      755 14 AFP D SET lodes -023 THAI shares closed down 0.1 per cent yesterday amid prof-it-taking following Wall Street's fall and continued uncertainty over the passage of key economic reform bills, analysts said. They said volume was very thin in rangebound trade with most investors sidelined amid a lack of
      AFP  -  755 words
    • Article
      Lock icon SEOUL
      401 14 AFP Hi Composite Indei +1&23 SOUTH Korean shares closed 4.1 per cent higher yesterday with strong buying by institutions amid optimism that major family-owned conglomerates will finally reform, dealers said. They said institutional investors rushed into the market just half an hour before the close, although futuresled selling weighed
      AFP  -  401 words
    • Article
      Lock icon SYDNEY
      596 14 AFP FlAflOrdmarieß +10.4 SHARES closed up 0.4 per cent yesterday after a futuresled recovery and foreign interest pulled the market out of the doldrums, brokers said. The All Ordinaries Index finished trade up 10.4 points at 2,730.7. The All Industrials Index finished up 14.8 points at 4,863.0 while the
      AFP  -  596 words
    • Article, Illustration
      Lock icon JAKARTA
      727 14 AFP n Composite Index -3.40 INDONESIAN shares yesterday closed 0.9 per cent lower amid a lack of local leads, dealers said. "I think the index should have lost much more than this. The market was actually still in a profit-taking mood but was lacking in participants," a dealer with
      AFP  -  727 words
    • Article
      Lock icon MANILA
      300 14 -AFP Q Manila +15.61 PHILIPPINE share prices ended 0.9 per cent higher yesterday on a technical rally led by domestic investors, analysts said. The Philippine Stock Exchange Composite Index rose 15.61 points to close at 1.822.64. Volume reached 665 million shares valued at 1.45 billion pesos. AFP Manila Mining
      -AFP  -  300 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      5989 15 Transaction date: Dc< 4 mm Or Of mm I v- 0»Y Loot Ouota Of* Mi VN M Cap An «w» Cll"* COOO) High In Buy.r Mr C*f P/l $mi Prtc. MUiTHMOUSTRY g Swt «j9*g Mi *-r "5 05 787 76 5 71 73 715
      5,989 words
    • Article
      SESDAQ
      1048 15 "-""u. «»ar roooi i c y xJs 2 52 45 205? *7 "S M 58 583 65 '2.5" 10 2 0 9 112 M 2 47 260 SS 2001 Atiamotrlj 50c 134 -1 10 134 134 101 130 ,fe IS• 2. 1 £22 5 TIM 23 22 223 23
      1,048 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        377 16 Stocks VofcMM STEngglOc 13,297,000 Van der Horst 10,880,000 DBS Land 9,087,000 Keppel Land 50c 8.446,000 ST Capital 25c 6,887,000 Wing Tai 25c 6,641,000 Brilliant 8c 6,273,000 SemtoCorpI 25c 5,937,000 Hotel Prop 5,393,000 HK Land USWc 5,005,000 Stod» OCBC Foreign 22,768,955 ST Engg 10c 20,896,350 DBS Land 20,165,484 City Oev 50c
        377 words
      • Article, Illustration
        Market looks for direction while volume falls
        645 16  -  STOCK KJUWST OOMMBMfAXr Liquidity said to be fleeing to KL as business done soars; Brazil, Wall St may determine which way the market is headed By R Sivanithy [SINGAPORE] The drying up of liquidity here possibly in favour of the Malaysian market continued
        645 words
      • OH THE GRAPEVINE
        • Article, Illustration
          Spot the difference
          98 16 JOURNALISTS attending OCBC Bank's press conference yesterday were trying bard to look serious when Nigel Smith, managingdirector of Design In Action (S) Pte Ltd, was demonstrating how the bank's new logo differed from the old one. Two logos were beamed up on a video screen behind Mr
          98 words
        • Article
          Disappearing perks
          73 16 EXECUTIVE perks, big and small, are going the way of the dodo bird in the current recession. On top of cutting wages, one foreign brokerage is taking on new employees on contracts which give them only 14 days of annual leave instead of the usual 21 or 24
          73 words
        • Article
          When HK consumes you
          149 16 MUSINGS of an expatriate mairtng tt> rounds on the Internet: You know you've been in Hongkong for too long when: 1. Paying eight quid for a couple ofbeers sounds okay. 2. The old rickshaw con-men in Central don't give you a second glance. 3. Asking for
          149 words
        • Article
          No bar to grat fun
          95 16 IF you think lawyers are sober, sombre, staid people who walk around with stiff collars, you are very, very wrong. They, too, know how to have fun. On Dec 11, many of them will be swinging away at the annual Christmas bash of the Singapore
          95 words
      • Article, Illustration
        HOT STOCK
        79 16  -  by Shiv Taneja HONGKONG Land Holdings closed seven US certs higher yesterday at US$l.42 on a volume of five million shares, compared with its 10-day traded average of 2.7 million shares. There has been a slight bounce in the share price, and this could be sustained in the
        79 words
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      Page 10 Advertisements Column 1
      235 10 Thousands of reasons why we're not sending you a Christmas card this year. ic We, at The Pan Pacific And to the 1,300 NKF patients who Singapore, have decided rely on regular dialysis treatments against sending you a just to make it to the next Christmas, greeting card this year.
      235 words
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      1024 16 lo ;id\irtiso call toll-free 1800-741 1883 TIMUR CARRIERS (PTE) LTD NOTICE IS HEREBY GIVEN pursuant to Section 76(10)(h) of the Companies Act, Cap. 50 (the "Companies Act") that at an Extraordinary General Meeting of the Company held on 4 December 1998, the following resolution was passed as a special resolution:
      1,024 words
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      Page 16 Advertisements Column 2
      540 16 THE COMPANIES ACT, CAP. SO FHS MARKETING PTE LTD (la ambers' voluntary liquidation! At an extraordinary general meeting of the company held on the 7th day of October. 1998. the following special resolutions were passed a. Thai the Company be wound up voluntarily. b. That Mr AssanMasood of Messrs Menon
      540 words
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      Page 16 Advertisements Column 3
      332 16 M THE MATTER OF THE COMPANIES ACT CHAPTER 50 AND M THE MATTER OF SUN-OTNAMtCS PTE LTD (to Members' Voluntary LtoaMatton) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 214 Upper East Coast Road #03-06 Singapore *****2 on
      332 words
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      Page 16 Advertisements Column 4
      44 16 UK*"" Or make your dream a reality with a piece of realty. Whether you're in the market for a luxurious bungalow or an affordable apartment, you can find it easily in the Classified. Move on to the properties Section, Classifications 400 to 569. CATJS.
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  • EXECUTIVE Lifesyle
    • Article, Illustration
      Lock icon Yes, we are still reading
      1302 17  -  Singaporeans continue to head for the bookshops despite the economic downturn. But are they buying or just browsing? And what strategies are booksellers adopting to stay competitive? PARVATHI MARAYAN finds OUt PARVATHI NARAYAN IT'S A CHANT we hear so often Singaporeans don't read—that we've taken
      FILE PHOTOS  -  1,302 words
    • STRAWS In The Wind
      • Article
        Twilight zone
        100 17 THE NEW Eng Wah cineplex at Suntec City offers a cosy piace for coupies to watch a movie together, and is furnished with sofas and coffee tables. But you come down to earth rather rudely after the show. Following the exit signs, patrons And themselves dumped onto a
        100 words
      • Article
        Getting even
        87 17 IT'S GREAT having a free food tasting at a hotel where you can rope in your family and in-laws, the excuse being that you're testing out the menu for the planned wedding dinner. The food turns out to be great, everyone's happy, except maybe the hotel, which finds
        87 words
      • Article
        Sorry, wrong guy
        58 17 HOLLYWOOD types show their ignorance of the foreign product once again. In the production notes of a'bigbudget effort, there was mention of the film Pele The Conqueror. A soccer film perhaps? No, a typo. It should have been Pelle The Conqueror, the Bille August film that won
        58 words
    • LEISURE
      • Article, Illustration
        The not so sweet hereafter
        762 18  -  For all its lavish visuals and bright colours, Vincent Ward's What Dreams May Come throws up more questions than answers, sdsamtsamo finds small consolation in its vision of eternity SUSAN TSANG What Dreams May Come is a weird film, with most of the action taking
        762 words
      • Article, Illustration
        Cinders to the rescue
        595 18  -  CINEMA Women's lib enters the world of fairy tales in Ever After, a modern-day Cinderella story By\ Susam Tsang YOU'D NEVER think that Cinderella the dear, sweet, baby step-sis of two egoistic girls with big feet would fit the independent-minded young lady mould. But that's what
        595 words
      • Article, Illustration
        Lock icon Blueprint for a better museum
        750 18  -  CONSERVATION There is a growing need nowadays for expert advice on site selection, as well as strategic and exhibition planning By Parvathl Narayan THE USE of strategic planning tools in connection with museums may sound strange at first. But when you think about it, museums
        PILE PHOTO  -  750 words
      • Article, Illustration
        WHAT'S ON
        571 22  -  Compiled by M Yasotha DAMCB The Nutcracker Singapore Dance Theatre's final offering for the year is a festive favourite which was choreographed by its late co-founder and artistic director Anthony Then. Dec 17-20 (8pm); Dec 18-20 (2.30pm). Venue: Kallang Theatre. Tickets at $30, $25, $20 $15 are available
        571 words
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        Lock icon Still skirting the issue
        1155 22  -  How much do men really want to know about women? Judging from the movies that are coming out of Hollywood, the answer is not particularly encouraging, says eric Harrison ERIC HARRISON LAT-WP AT THE end of Living Out Loud, a quirky movie starring Holly Hunter and
        LAT-WP  -  1,155 words
    • VIEWPOINT
      • Article
        Hey guys, stop the crowing and wake up to reality
        791 19  -  Off the CUff by Which fried chicken tastes better? Whose drumstick is superior? Will yon stick to KFC or switch to McCrispy? The truth is, most of us don't give a damn by Jaime Ee ALL RIGHT, you stupid meatheads,
        791 words
      • Article, Illustration
        Lock icon The courteous economist
        1196 19  -  V j. Amartya Sen, Nobel laureate and the only Indian to head an Oxbridge college, talks to hpwabp luce about poverty and the Sanskrit origins of punch EDWARD LUCE FT T* JHB MARTYASENis A more than just a prizewinner. As master of Trinity College, possibly the grandest
        FT; FILE PHOTO  -  1,196 words
      • Article
        Lock icon Money—can't live with it, or without it
        885 19  - Money —can't live with it, or without it 'M COMMENTARY Most of us wouldn't hesitate to ask a confidant about his love life, lrat his pay cheque i$ a different story Vy Linda Caroll Martin NYT J ONCE heard one friend offer another 4his observation about romance: "It's <U)t serious
        NYT  -  885 words
    • PURSUITS
      • Article, Illustration
        Returning to a point of departure
        955 20  -  Artists S Chandrasekaran, Goh Ee Choo and Salleh Japar come together again to recreate the original moment of Trimurti and show how their works have developed since that exhibition, fakvathi marayam has the details PARVATHI NARAYAN IN 1988, three Singaporeans fresh out of the
        955 words
      • Article, Illustration
        From fishtails and foxtails to fans
        818 20  -  GARDENING Palms are versatile, easy to handle, and come in 2,600 varieties By 1 Thien PALMS, to me, are the "hangloose" kids of the plant kingdom. Think of palm trees, and one immediately thinks of casualness and carefreeness; and of the swaying fronds of
        818 words
    • EPICURE
      • Article, Illustration
        Deadly delicacy
        1082 21  -  lis the season once again for the poisonous fugu or puffer fish, tamsutem decides to take her chances at Inagiku, and lives to muse over the plain tasting flesh with the mysteriously sweet and edgy aftertaste TAN SU YEN OVERS eat it together so they won't be parted
        1,082 words
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        Lock icon Les Amis' garden party
        767 21  -  RESTAURANT Everything's coming up roses at An Jardin, where the food's every bit as bracing as the scenery By, Jaime Ee ALMOST everyone who goes to Au Jardin walks in with their mouths open. No, not at the restaurant's drop-dead gorgeous surroundings or its $55 set
        CHRIS LOH  -  767 words
      • Article, Illustration
        Celebrity line-up at Raffles extravaganza
        407 21 CRAVINGS IT WAS gourmet heaven at the Raffles Grill in Raffles Hotel with VIP clients indulging in a week of spectacular meals as part of the hotel's fourth annual Wine Food Experience. The much celebrated Alain Ducasse of Monaco's Le Louis XV and Paris' Restaurant
        407 words
      • Article
        Halal giant
        73 21 COLD STORAGE recently opened its largest store ever in Causeway Point at Woodlands. The 32,000 sq ft store has wider aisles, 14 check-out counters and groceries arranged in complementary food groups. But the store's real breakthrough lies in the fact that it has an extensive halal food section
        73 words
      • Article
        Visa meals for less
        100 21 VISA cardholders can eat out for less now that Visa International has launched exclusive offers at over 40 of the city's best known restaurants. Valid till Feb 27 next year, some of the better discounts include: Club Chinois —20 per cent off the a to carte
        100 words
      • Article, Illustration
        Carolling cooks
        86 21  -  Compiled by Tan Su Yen EXPECT some spirited carolling at Mandarin Singapore's lobby as the "Singing Cooks" belt out their special brand of a cappella Christmas carols. The eight vocalists from the musical islands of the Philippines usually perform their song and dance routine dressed as cooks at
        86 words
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      CINEMA
      803 23 Ants. Z is a lowly worker ant who falls in love with a royal ant, Princess Bala, and winds up saving his ant colony. Lido, Bugis, Toa Payoh, Yishun, Bishan, Tiong Bahru, Tampines, Boon Lay, Marina, Eastpoint, Cfntral. Babe, Pig la The City. The charming pig now takes on
      803 words
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      ENQUIRIES AND BOOKINGS
      120 23 Cathay Org Cathay 338-3400 Eastshore346-fflf6 Orchard 235-8386 Picturehousl33B-3400 Yangtze 223-7529 Kng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Ooldaw Vlltag* 1900-912-1234 332-6098 for group bookings 4 wheelchair facilities Bishan Boon Lay Marina Tampines 8 Tiong Bahru Yishun Ov#fSMB Movie Clementi/CoViealth 777-0669 Golden/New Town
      120 words
    • TRAVBi
      • Article, Illustration
        Lock icon Preserving the Pearl of the Orient
        1062 24  -  Penang's historic architecture has survived largely intact but every year more buildings fall to the developers' axe, reports kathhroibtaiikd KATHERINE TANKO IHT PENANGisan unsung haven among Asia's great port towns. This sleepy backwater of Chinese shophouses, colonial bungalows and Anglo-Indian mansions boasts one of
        IHT; FILE PHOTO  -  1,062 words
    • MOTORING
      • Article, Illustration
        The right stuff, at the right price
        707 24  -  Looking for a no-frills, fundamentally adept car with a quiet presence? Then consider the Peugeot 406, advises christophhr tax CHRISTOPHER TAN IHAVE a confession. I have never fully understood electrically-adjustable seats. Especially those that recall your preferences (or think they do) and move
        707 words
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      7 17 Profile Amartya Sen, courteous economist EL 3
      7 words
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      Page 17 Advertisements Column 2
      178 17 Epicure Deadly delicacy EL 5 Hi* Subscribe to 6 months of TheßusinessTimes SISOAPORK and you will get one month FREE Promotion ends 30 December *98 wmummaiaimm*. Ya! Start me on a 6-months pre-paid subscription at just $132.60! ST/SUT Dr/Mr/Mra/Ms NFUC No: Send to: 'Singapore Press Holdings Limited" r0 6 00
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      178 22 U/liaka 4/1 n J* j Diners Club Offers up to Sslo,ooo FREE To apply, call W Here to WinCj OIIIC BIIQ CntCrtHin*** Purchases Insurance. 290 4545 "Tunch" is the best for lunch and high tea rolled into one. Which means longer serving hours and even more scrumptious spreads. "lunch" on
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      Page 22 Advertisements Column 2
      55 22 CAFE DE GRAND LEVEL 1 mm II HOTEL GRAND CENTRAL LIMITED II 22 Orchanj Ro*d/C«v«nagh Road, Sneapot* *****7 i 1 7 on luck. ,VH| Advertise in Wine, Dine Entertain of The Business Times and reach out to 140,000 readers daily. Contact Jennifer Ng 740 1581. Raymond Seah 740 1260 or
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      Page 22 Advertisements Column 3
      39 22 V BRUNCH >52.00*" MR ADUIT I WITH FREE-FLOW OF CHARLES HEIPSIECkT CHAMPAGNE, RED WHITE WINE, draught tiger peer and FRESH FROIT JUICES >23.50*** PER CW\iV WITH FREE-FLOW OF SOFT DRINKS PAOLOJ|LPING'S PASSIONATIIY ITALIAN TASTEFULLY CHINESE ROYAL CROWNE PIAZA SINGAPORE
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      Page 22 Advertisements Column 4
      137 22 |wi iSSi "1212" LUNCH PROMOTION (From 12 noon 2.30 pm daily) Come and try our value for money "1212" lunch promotion bring at least one friend to enjoy the following special prices and discount. Z. ~I Ist 2ai iMtanil OrNr am »Nr an trim Mon Chicken Rice $8.50 $1.00 $4.25
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      Page 22 Advertisements Column 5
      108 22 WIGH Tea Every Saturday, ~K)D noon to 5.00pm qfttje Adult: $20+++ Child: $1 2 Revolving Restaurant Reservations: *****88/58 19th floor Jfaruiarut Singapore 333 Orchard Road. Singapore *****7. Tel: *****11 Fax: *****61 httpj'/www.mandarin-hotel.corr.sg e-mail: mandarin.tms©men tus-hotels.com Sat Sun 12 noon to 5:30 pm Adult $18.80 Child $9.40* Enjoy a leisurely Buffet
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      2075 23 TODAY'S TV MMHHHHMHBMMHBHI W I■* #1 JUKBI Kuning (Malay movie RECOMMENDED VIX7WDVO h «v iMrw| with English subtitles) 10.00 AM Response TV. W Keluan?Man A test Of festive season. However, "oo PM^AsITn at Football MO Taman Sesame. friendship "O |or«s: World Soccer u, Knrpom mw. shattered when the airline u/ChOdrm).
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