The Business Times, 12 December 1998

Microfilm: NL21360
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    15 1 x 8 MITA(P) 110/12/97 THE BUSINEŚ TIMES SINGAPORE WEEKEND EDITION, DECEMBER 12-13, 1998 Internet: http://business-times.asia!.com.sg/
    15 words
  • Article
    MARKET SUMMARY
    58 1 □SB 1,41L27 (-28.61) □Mkm «U4 (-21.30) > ij&£ SWOT FUTUBES if' 2M130 (-6.60) maukmtvanaBs Friday Change KUSEOOMP HUB +JLJ0 NIKKEI 14,406.64 -4«.W HANG SENG 9JS2 Jtt.44 8CTIN0KX MU» ♦ft* JAKARTA COUP 416.10 +IS MANILA OOMP —IJOUl +UJ8 TAIPH WP1 8339.74 -t«L» SEOUL COMP £66.17 1144 CLSACHfNAB BM.IS_.-tM AUSTAliiORO
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  • Article
    FINANCE
    70 1 POBEX BATES LSI 81 USS 1J48 2|US$/S$ per 1*8 174» DM 1*4 1*7 YEN (171 L«T RM *414 HKS 7.748 BAHT *74 M4# BUF1AH 7*»_MB* •StfMtmMs St to ICC units PMMEIATES SINGAPORE* 131 KUALA LUMPUR ll.M JAKARTA 28.M HOSbonoTI^ TAIPEI A» SYDNEY i n»i.8.4ft TOKYO ..tW SEOUL 14.% flBMCH...-,
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  • Article
    MAS eases rules on liquidity, loan limits for finance firms
    848 1  -  Changes part of shift in approach from regulation to supervision Byi Conrad Raj [SINGAPORE] The Monetary Authority of Singapore has relaxed some of its rules on finance companies to place them on a more level playing field vis-a-vis the banks
    848 words
  • Article, Illustration
    Lock icon Water art
    62 1 [SINGAPORE] Office workers walking past an icicle-like waterfall outside Capital Square. The Waves on the Wall is the first of its kind in South-east Asia and the second in the world. Patterns are formed as the water cascades down the wall at choreographed timing. The Keppel Land developed
    SIEW YAW HOONG  -  62 words
  • Article
    Half right to say property bottoming out: Hng Kiang
    429 1  -  Could be at low end of private property, but not high end By. Ang Wan May [SINGAPORE] Property developers are "partially right" in saying that the property market has bottomed out, said Lim Hng Kiang, Minister for National Development yesterday. At
    429 words
  • Article
    It' s 1-wait for Mercs again
    323 1  -  C&C said to have garnered 400-500 bookings for the new S-class Christopher Tan [SINGAPORE] The year-long queue for Mercedes is back. Cycle Carriage has sold out its entire 1999 allocation of the new S32OL, and fresh bookings can only be met in the year
    323 words
  • Article
    DBS practically has Kwong On in bag: analysts
    917 1  -  Takeover will make it retail player in HE; DBS won't comment From Qoak Hiang Whai in Hongkong WITH speculation in the market mounting that a takeover by DBS Bank of Hongkong's Kwong On Bank is all but a done deal, analysts said
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      Page 1 Advertisements Column 1
      156 1 mnPH A look at the places that promote the well-being of those who are not sick but merely feel under the weather, ELI Shsrtage at Seagate Things are turning up for disk drive giant Seagate Technology, which is experiencing a shortage of supply of some of Its drives and seeing
      156 words
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      Page 1 Advertisements Column 2
      12 1 Cat in CPF grants to buy HDB flats from Jan, Pg 2
      12 words
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      Page 1 Advertisements Column 3
      47 1 Plasha 18 carat white gold. Removable grill pav£ diamonds. Automatic movement. O fi Ui QD z UJ 2 SINGAPORE: MILLENIA WALK GROUND FLOOR Wl-22/23 TEL 339 OtSJ NGF.F. ANN CITY TOWKR B GROUND KI-OOR TH. 754 2427 HILTON INTERNATIONAL THE SHOPPING GALLERY GROUND FI-OOR TEL 236 0296
      47 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Seagate facing supply shortage on strong demand
      485 2  -  Christmas season boost Irat no dramatic recovery in industry seen yet By, Jennifer Lien THINGS are turning up for disk drive giant Seagate Technology, which is experiencing a supply shortage for some of its drives and seeing strong demand during this Christmas gift
      485 words
    • Article, Illustration
      Lock icon No of retrenched may top 25,000 by year-end: MOM
      495 2  -  By. Audrey Tan THE number of retrenched workers could exceed 25,000 by the end of this year, leading to a jobless rate of 4 to 5 per cent, the Ministry of Manpower (MOM) said yesterday. MOM said at a press briefing
      Source: UOB  -  495 words
    • Article, Illustration
      Finger-clicking good winner in BT Online poll
      437 2  -  By Koh Su Haw THEY fought on the airwaves. They fought on the printed page. And then they took their chicken war to the Internet. To BT Online's weekly poll, to be exact. In her OfTThe Cuff column last Saturday, BT's writer Jaime
      437 words
    • Article
      Cut in CPF grants to buy HDB flats from Jan
      684 2  -  Reduction reflects lower HDB resale flat prices By. Ang Wan May CENTRAL Provident Fund housing grants for first-time flat buyers wiU be gradually reduced by $5,000 from January to May next year to reflect lower HDB resale flat prices. Come
      684 words
    • Article, Illustration
      Lock icon All aboard for 1999 recovery
      737 2  -  EYE ON THE ECONOMY By Anna Teo WHY do some economists stick their necks out with relatively bullish forecasts about economic growth next year, when just about everyone else remains somewhat cautious if not outright bearish? Because the indications from some data are "screamingly obvious"
      Source: OCBC  -  737 words
    • Article
      Shops are packed but registers aren't ringing
      684 2  -  Isetan, Daimaru however are seeing better than expected sales By Rahita Ellas ORCHARD Road may be jampacked with human traffic but people are keeping a tight hold on their wallets. In general, retailers find that while their shops were full of people on
      684 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      143 2 CRYPTIC CROSSWORD 28 Swi iMm to 29 Outirage'of bag, say, taken in North Sea coastfl) YESTCBDAY*B SOLUTION to cause vexation (9) 13 J** "P s l about a girl ingcut (7) \s\ I 15 A round end is quite wrong, pBRWAIBTMQJ IMSMMM 2 Rank of relative requiring an plain (9)
      143 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • Article, Illustration
      Lock icon Year-end party looks set to be at home this year
      694 3  -  The broad trend's seen as still positive for the local market, while some say HK is massively overvalued Ry\ Shiv Taneja [SINGAPORE] CHRISTMAS may be just around the corner, but with some Asian markets rallying as much as 40 per
      SIEW YAW HOONG  -  694 words
    • Article, Illustration
      Lock icon Fund profile
      341 3 Source: JP Morgan Investment objective The fund is designed to provide investors with access to a portfolio of shares from Asian markets other than Japan. Investment style The fund managers combine analysis of business with a relative valuation method which enable the fund's portfolio to outperform over the
      Source: JP Morgan  -  341 words
    • Article
      The global investment approach to lower risk
      1015 3  -  Portfolio theory says don't pat all your eggs in one country Ry( Charles Kelso The writer is a senior investment officer with Standard Chartered Bank [SINGAPORE] THE analysis of investment opportunities centres on two variables: return and risk. The concept of investment return
      1,015 words
    • Article, Illustration
      Bathroom reading at its finest
      428 3  -  25 Investment Classics by Leo Gough Financial Times Pitman Publishing Great Britain Price: not stated Ihj Shiv Taneja [SINGAPORE] 25 Investment Classics is certainly not a book you want to read in front of someone you are trying to impress it is what you read
      428 words
    • BULL'SEYE
      • Article, Illustration
        BT Sentiment Index
        552 4 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, Deutsche-Morgan Grenfell, Fraser, GK Goh, ING Barings, Kay Hian, Kim Eng. Merrill Lynch. ♦(Sell) Paribas Asia Equity, Dec 9, $2.66 On Monday we expect the company to announce an 87 per
        552 words
      • Article, Illustration
        In My Opinion
        520 4  -  John Schofleld Technical analyst Prudential-Bache Securities HRISTMAS has I come early for in\J vestors in Asia this year. As everyone now knows we have seen a tremendous and unexpected rally in all markets since the apparently dark days of April through August. From my perspective as a
        520 words
    • Article
      How the Dow warrant works
      717 4  -  The new put warrant on the Dow Jones index only offers gains if the US stock index falls, hence acting as a hedge against the spillover effects of a drop in the US market Hyl Shiv Taneja [SINGAPORE] INVESTORS worried that a large fall in
      717 words
    • Article, Illustration
      Lock icon Foreign currency stocks seem to be out of steam
      975 4  -  Gap opening between non-S$ portfolio index and STI By] Louis Beckerling [SINGAPORE] The "foreign board" has lost its way somewhat in recent weeks, opening up a discount against the performance of local currency stocks. After outperforming the STI at several points
      Source: Bloomberg  -  975 words
    • Article
      Unit trust performance ranking
      1689 4 Next publication date: January 9,1999 U— niSm JmSm »mm morn mim mAm ""El niim aiSm mmm mum ww rnmrn ™"2li WW 8MW 3WW WW w/m/w imw *mm mmm mum mmm mmm mmm umi ■»«Mf H M lif Ml BaaWag u M Ht M, MW MM OOBCSMh^iTrie*'"
      1,689 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      73 3 'Bull run' pa rs Chua Lee Hoonq of Pasir Ris is ricimq hiqh. His unit trust portfolio has appreciated by 21%' to over 530.000. Follow the fortunes of ee oon d ar, d the other players in The Game. Standard Chartered s investment competition, in the weekend edition of The
      73 words
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      36 4 This column is not intended as an inducement or recommendation to buy or sell any shares. Whilst BT/SPH has exercised due care with the information, BT/SPH disclaims all responsibility for any loss that may be incurred.
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  • ASIA'S ECONOMIC SLUMP
    • Article
      KL to refine its exchange controls, say fund managers
      431 5  -  ELSE index jumps despite lack of details on managers' talk with DrM From Eddie Toh in Kuala Lumpur MALAYSIA will maintain its slew of exchange controls for the time being but will finetune some of the measures, according to portfolio managers
      431 words
    • Article
      Lock icon Bank Negara move signals further rale cut
      197 5 Bloomberg [KUALA LUMPUR] Malaysia's latest moves in the money market signal it will soon cut its intervention rate the rate it lends to banks by at least another 50 basis points, analysts said. The central bank yesterday paid 6.47 per cent to borrow
      Bloomberg  -  197 words
    • Article
      Lock icon Malaysia's RM5.2b property sale starts today
      422 5 22,000 nnits on offer for a month, with discounts, easy loans Reuters [KUALA LUMPUR] Malaysia's property sale kicks off today with developers putting properties worth 5.2 billion Malaysian ringgit (552.2 billion) on the market, builders said yesterday. "The total original price is about RM5.2
      Reuters  -  422 words
    • Article
      Thai opposition files motion to impeach Chuan and Tarrin
      507 5  -  They are accused of not informing Parliament of IMF letters of intent From Harish Mehta in Bangkok THAILAND'S opposition parties yesterday filed a motion to impeach Prime Minister Chuan Leekpai and Finance Minister Tarrin Nimmanahaeminda, accusing them of breaching the Constitution
      507 words
    • Article
      Lock icon Top Japan officials turn more optimistic on economy
      266 5 AFP Reuters [TOKYO] Japanese economic leaders turned optimistic on the future of the world's second largest economy yesterday, with the central bank chief pointing to signs of a recovery. "I have a feeling that sentiment at business corporations and households is becoming
      AFP; Reuters  -  266 words
    • Article
      Lock icon Indon rates: Further falls seen – for now
      637 5 Indon rates: Further falls seen for now But cash-strapped firms still can't get fresh credit easily Reuters [JAKARTA] The punitive interest rates that have strangled Indonesia's stricken economy for months are beginning to ease and analysts expect farther falls will allow breathing space for a tentative recovery. But however far
      Reuters  -  637 words
    • Article, Illustration
      Lock icon A peep into the future
      47 5 [SEOUL] Two South Korean students, due to graduate in February, consulting a fortune-teller on the streets of Seoul on Thursday about their chances ofsecuring a job at the Hyundai Group. The students are preparing to take the business group's entry examination. REUTERS
      REUTERS  -  47 words
    • Article
      Lock icon Japan to push for Asian fund to manage aid deals: official
      350 5 AFP [TOKYO] Japan wants to press ahead with an Asian fund to deliver financial aid to its ailing neighbours despite strong US opposition to similar plans in the past, a senior official said yesterday. Tokyo is offering a raft
      AFP  -  350 words
    • Article
      Lock icon LG-Hyundai merger set to collapse, says financial watchdog
      485 5 Reuters AFP [SEOUL] A proposed merger of South Korea's LG Semicon and Hyundai Electronics, the centrepiece of South Korea's corporate restructuring drive, is expected to collapse, the financial watchdog chief said yesterday. "1 wouldn't expect the merger effort to be successful because
      Reuters; AFP  -  485 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      147 5 Higher Quality and Efficiency with the Software System LAGOS for the Warehouse and Material Flow Optimization Logistics management centre with logistics controlling Dynamic storage location management Fully automated high bay warehouse control Order orientated material flow control Fork lift control system with radio frequency Picking, packing and shipping control Online
      147 words
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  • REGION
    • Article
      Lock icon Prosecutors shift focus from alleged sex acts to corruption
      600 6 ANWAR'S TRIAL Anwar tried to stop probe after accusers' retraction, says police officer Reuters [KUALA LUMPUR] Prosecutors in the trial of Malaysia's sacked finance minister Anwar Ibrahim shifted tack yesterday away from lurid sex accusations to their argument that he illegally
      Reuters  -  600 words
    • Article
      Lock icon Indon army plays down fears of military coup
      346 6 JAKARTA AFP THE Indonesian military has sought to dampen fears of a military coup as it pushes ahead with a controversial plan to train civilian militia to help supervise elections next year, reports and the army said yesterday. The reassurances that there
      AFP  -  346 words
    • Article, Illustration
      Lock icon Tommy Suharto's suspect in graft case
      330 6 mJAKARTA Reuters INDONESIAN authorities turned up the heat on former Indonesian President Suharto's flamboyant youngest son yesterday in a move analysts said was aimed at appeasing anti-Suharto protesters. Hutomo "Tommy" Mandala Putra has been formally declared a suspect in a corruption case involving state
      Reuters  -  330 words
    • Article, Illustration
      Lock icon Gable network to link Taiwan, US
      93 6 [PINGTUNG, Taiwan] Two Taiwanese frogmen positioning buoys off Fangliao in southern Taiwan yesterday to determine the installation site of the island's first undersea cable network which will link Taiwan and the United States directly. The 30,340 km cable is the joint investment of 14
      REUTERS  -  93 words
    • Article
      Lock icon Indon activists to be charged
      316 6 JAKARTA Three accused of conspiracy leading to bloody clashes in Nov Reuters AFP INDONESIAN police said yesterday they would charge three opposition activists with conspiracy over November's bloody clashes between anti-government protesters and troops in which at least eight people died. The three are alleged
      Reuters; AFP  -  316 words
    • Article
      Lock icon Pertamina profit drops 42% to I.Bt rupiah
      243 6 ■JAKARTA AFP INDONESIA'S state oil and gas company Pertamina saw gross profit for fiscal 1997-98 slide 42 per cent to 1.79 trillion rupiah (***** million). The figures represent gross profit from its whollyowned and contracted oil and gas fields for the 12 months
      AFP  -  243 words
    • Article
      Lock icon India files complaint at WTO against US export curbs
      364 6 NEW DELHI Restrictions imposed following Indian nuclear tests Reuters INDIA said it had registered a protest at the World Trade Organisation (WTO) General Council in Geneva yesterday against the United States' imposition of export restrictions following India's nuclear tests last May.
      Reuters  -  364 words
    • Article, Illustration
      Lock icon China's trade surplus to set new record, despite export slump
      507 6  -  SINGAPORE By. Lu Ning WITH still a month to go, China's trade surplus this year is already set to hit a new record, judging by the latest trade figures released by the Chinese customs yesterday. This is despite a continued
      Source:  -  507 words
    • Article
      Lock icon China state bank moves into investments
      254 6 BEIJING Reuters CHINA'S State Development Bank yesterday announced it had taken over a mediumsized commercial bank China Investment Bank to enter the fast-growing investment banking business, and also emphatically denied its acquisition was in trouble. The country's biggest so-called "policy" bank, which engages in
      Reuters  -  254 words
    • Article
      Lock icon Malaysian shipowners unhappy
      91 6 KUALA LUMPUR Bernama THE government's recent decision to allow foreign vessels to enter the trade between local ports, which was once restricted to only Malaysianregistered vessels, is a step backward in Malaysia's drive to develop a viable national merchant marine, said the Malaysian Shipowners' Association (Masa). In
      Bernama  -  91 words
    • NOTE Book
      • Article
        Lock icon Philippines seals US$600m aid deal
        46 6 AFP [MANILA] World Bank and Philippine officials yesterday signed a US$6OO million package to help the country cope with the lingering Asian crisis. The aid consists of three loans to support banking reform, credit for private enterprises and rural finance. —AFP
        AFP  -  46 words
      • Article
        Lock icon HB'7s second runaway pushed back
        49 6 HB'7s secon d runaway pushed back Reuters {HONGKONG] Hongkong's Airport Authority said yesterday the commissioning erf the local airport's second runway would be put off for eight months until next August. The delay was due to enhancements to the new airport, which opened on July 6 this year. Reuters
        Reuters  -  49 words
      • Article
        Lock icon KL opposition slams leaders'arrests
        48 6 Reuters [KUALA LUMPUR] Malaysian opposition parties yesterday denounced the arrests of four senior opposition leaders for distributing pro-democracy pamphlets on UN Human Rights Day. The individuals were released on police bail early yesterday after seven hours of questioning, one of the parties said. Reuters
        Reuters  -  48 words
      • Article
        Lock icon Anti-smuggling squad starts on Jan 1
        44 6 AFP [HONGKONG] China's newly formed anti-smuggling force will begin operations on New Year's Day in Shenzhen at the border with Hongkong, a report said yesterday. The first 200-member squad was formed after an anti-smuggling campaign launched in July.—AFP
        AFP  -  44 words
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  • REGION/WORLD
    • Article
      Lock icon IMF to trim 1999 world growth forecast in report out soon
      433 7 WASHINGTON Revision won't be steep, it says; IMF to start third review of research department Reuters THE International Monetary Fund (IMF) will scale back its 1999 economic growth forecast in a new report taking account of the severe world
      Reuters  -  433 words
    • Article, Illustration
      Lock icon Millions in India on nationwide strike
      465 7 NEW DELHI AFP MILLIONS of Indians went on a crippling strike yesterday to protest against the Hindu nationalist government's plan to privatise state firms, open key sectors to foreign investment and lay off workers from ailing public firms. The organisers of the oneday strike,
      AFP; REUTERS  -  465 words
    • Article
      Lock icon Moscow might still set up currency board: Soros
      529 7 NEW YORK Reuters BILLIONAIRE investor George Soros said on Thursday that Moscow may still decide to adopt a currency board to stabilise the Russian economy. "Russia may adopt a currency board at some point in the future," the Hungarianborn investor and philanthropist
      Reuters  -  529 words
    • Article
      Lock icon US wholesale prices down in Nov
      199 7 WASHINGTON Reuters UNITED States wholesale prices fell in November as food and energy costs declined, the government said yesterday in a report suggesting inflationary pressures are all but absent in the world's top economy. The Labor Department's Producer Price Index fell 0.2 per cent,
      Reuters  -  199 words
    • Article
      Lock icon LTCB may shed 30% of staff in revamp
      208 7 TOKYO Bloomberg LONG-TERM Credit Bank of Japan Ltd may shed about 1,000 workers, or 30 per cent of its staff, according to the draft of a restructuring plan submitted to a government committee yesterday. LTCB, which was declared insolvent and taken over
      Bloomberg  -  208 words
    • Article
      Lock icon Judge asks if Sun Microsystems had moved too slowly
      332 7 THE MICROSOFT CASE Reuters [WASHINGTON] The judge in the Microsoft antitrust trial startled the courtroom on Thursday by asking a Sun Microsystems engineer if his company had simply moved too slowly against the software industry's leader in a highly competitive environment
      Reuters  -  332 words
    • Article
      Lock icon 14 die in Thai Airways crash in southern Thailand
      305 7 BANGKOK AFP A THAI Airways Airbus carrying morn than 130 people, including many foreign tourists, crashed yesterday in southern Thailand. Fourteen people are confirmed dead but the interior ministry said at least 44 people miraculously survived. Rescuers battled into the night
      AFP  -  305 words
    • Article
      Lock icon Global markets nervy ahead of likely US impeachment vote
      447 7 LONDON US$ expected to be worst hurt if Clinton's impeached Reuters GLOBAL markets were jittery but not panicked yesterday ahead of a possible vote to impeach US President Bill Clinton. Stocks and especially the US dollar felt the heat in anticipation
      Reuters  -  447 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      55 7 Each $13-80 y api» Braised Superior Shark's Fin |M y/ Braised Whole Abalone<3ppc) Baked Cod Fish in Hot Plate .&aa** Fried Vegetable w/ Abalone Sauce Fried Rice Style Almond Cream Walnut Cream 40 42 Road V O LTVtN SAFOC* KEfUBANT X (Tanjong Pagar) *****78. W Hotline 226 5333 I ——rrr
      55 words
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  • COMPANIES & MARKETS
    • Article
      F&N profit dives by worse than expected 74%
      573 8  -  Plunge attributed to loss at FAN Coca-Cola and slide in property earnings By] R Sivanithy (SINGAPORE] Beverage and property group Fraser Neave yesterday reported a worse-than-expected profit plunge of 73.5 per cent to $39.9 million for the year ended Sept 30, mainly
      573 words
    • Article
      Phase 1 of Eltech's Chuan Vista fully sold
      242 8 The 19 leasehold terrace houses were relaunched in Oct [SINGAPOREJ The first phase of main board-listed Eltech Electronics' terrace house development, Chuan Vista, was fully sold on Thursday, said its marketing agent, Knight Frank yesterday. Chuan Vista, which is lo- cated in
      242 words
    • Article
      Long wait for clear answers on future of dob shares
      646 8  -  HOCK LOCK SIEW Ven Sreenivasan I "W" "Y T" HAT exactly is the status L I A of the Malaysian Clob 1/1/ shares that were sup- WW posed to have "migratf w ed" to the Malaysian Central Depository? That is
      646 words
    • Article, Illustration
      Lock icon Centrepoint Properties reports $43m net
      307 8  -  Byi Christopher Tan [SINGAPORE] Centrepoint Properties has posted an aftertax profit of $42.97 million for the year ended Sept 30, and booked an extraordinary gain of $52.72 million from government compensation. The payment was the second and final instalment for a Woodlands plot once occupied
      FILE PHOTO  -  307 words
    • Article
      CME to trade Japan govt bond futures
      306 8  -  This will widen products for mutual offset with Simex By Wong Wei Kong [SINGAPORE] The Chicago Mercantile Exchange will initiate trading in Japanese government bond (JGB) futures on Jan 21, further expanding the range of products eligible for mutual offset with the Singapore
      306 words
    • Article
      Courts Orchard: near-record sales seen
      312 8 [SINGAPORE] Furniture and electrical appliances retailer Courts expects its newest store at Plaza Singapura to equal or even outdo the record sales at its recently opened Causeway Point store. Courts deputy managing director Terry O'Connor said yesterday that he would be happy if the Plaza
      312 words
    • Article
      OCBC cuts prime by half point to 5.5% after DBS
      359 8 Deposit rates pared; stocks lower on US, HE, Tokyo falls [SINGAPORE] OCBC Bank has cut its prime lending rate by half a percentage point to 5.5 per cent and its deposit rates by as much as 1.25 percentage points. The
      359 words
    • Article
      Isetan interim drops 68% to $736,000, outlook weak
      385 8  -  By Rahita Elias [SINGAPORE] Retailer Isetan (Singapore) suffered a 68 per cent fall in group net earnings to $736,000 in the six months ended last September, as the retail slump continued to take its toll on the Japanese group. At half-time, the
      385 words
    • REGIONAL/INTERNATIOMAL COMPANIES
      • COMPANY Briefs
        • Article
          Lock icon CSC raises stake in CSA to 3L1%
          84 9 Reuters {SINGAPORE] Systems integrator CSA Holdings (CSA) said yesterday CSC Computer Sciences International Inc had bought another 6.26 million CSA shares. CSC paid at an average $1.02 per share for the shares, which represent 4.9 per cent of CSA's capital. The purchase raised
          Reuters  -  84 words
        • Article
          Chevalier's interim net op Ll%
          49 9 [SINGAPORE] Lift and escalator distributor Chevalier Singapore posted a 1.1 per cent rise in interim net profit to $1.5 million. This was despite a 33.5 per cent turnover drop for the half-year ended June. It declared an interim dividend of 0.3 cents per share.
          49 words
        • Article
          Eltech forms property unit
          39 9 [SINGAPORE] Eltech Electronics yesterday said it has formed a wholly-owned subsidiary Eltech Properties for investment holding and real estate development This unit has an authorised and initial paid-up capital of $6 million and $2 respectively.
          39 words
        • Article
          PMR cuts shareholding in Flextech
          63 9 [SINGAPORE] Flextech Holdings yesterday said FMR Corp Fidelity International —which manages various Fidelity funds that own Flextech shares —is no longer a substantial shareholder. This is because Fid South-east Asia Fund has sold 888 lots of Flextech shares for an average price of 44 cents
          63 words
        • Article
          QAF to cut share premtum account
          48 9 [SINGAPORE] QAF Ltd yesterday said the High Court ham approved its proposal to reduce $54.9 million from the share premium account in order to write off part of Its accumulated losses as at December 1997. The plan became effective as of yesterday.
          48 words
        • Article
          SBS Leisure ops stake in SSTE to 75.5%
          52 9 [SINGAPORE] DelGro Corp yesterday said its subsidiary SBS Leisure has bought about 38,300 shares in Singapore Sightseeing Tour East (SSTE) from Tour East 1990 (Singapore). The cash purchase of $540,000 raised SBS Leisure's stake in SSTE to 75.5 per cent from 50
          52 words
        • Article
          SPP's Inden unit gets winding op notice
          74 9 [SINGAPORE] SPP Ltd yesterday said PT BorpUing Lestari (PTBPL), an Indonesian company which it owns, has been served a winding up notice for a debt of 1.69 billion rupiah (*****,100). SPP has an 80 per cent stake in PTBPL through its wholly owned
          74 words
        • Article
          Lock icon Berjaya to buy stake in Intan Utilities
          79 9 Bloomberg [KUALA LUMPUR] Berjaya Group said it plans to buy a 21 per cent stake in water treatment company Intan Utilities Bhd from Berjaya's controlling shareholder Vincent Tan for 55.1 million Malaysian ringgit (5523.9 million). Berjaya will raise its stake in Intan to
          Bloomberg  -  79 words
      • Article
        Ml investing $38m more in CDMA
        132 9 [SINGAPORE] Mobile phone and paging service provider Ml says it is investing $38 million to upgrade its Code Division Multiple Access (CDMA), in addition to the $77 million already invested. Motorola's cellular infrastructure group (CIG), the supplier of the CDMA network, has already started
        132 words
      • Article
        Lock icon Ford, BMW reported to be mulling £10b merger
        399 9 British paper says tie-up will affect 70,000 jobs in UK; BMW denies report AFX-Asia Bloom berg [LONDON] Ford Motor Co is considering a £10 billion (5527.5 billion) merger with Bayerische Motoren Werke AG, including its Rolls-Royce and Rover units, the Daily Mail
        AFX-Asia; Bloom berg  -  399 words
      • Article
        Lock icon Oracle posts 46% jump in Q2 earnings
        503 9 Bloomberg [REDWOOD SHORES, California] Oracle Corp, the world's largest database software maker, said fiscal sec-ond-quarter earnings rose 46 per cent as a surge in computer services revenue and tight expense controls lifted results above expectations. Oracle's net income rose to U*****.1 million (*****.6
        Bloomberg  -  503 words
      • Article, Illustration
        Lock icon Scenting trouble ahiead
        45 9 ORLEANS] About 400 workers of the Christian Dior perfumes company demonstrating on Thursday in front of their factory at Saint-Jean-de-Braye in the centre of France to protest against the grouping ofseveral companies in the perfume-cosmetic sector. They also fear reduced employment. AFP
        AFP  -  45 words
      • Article
        Lock icon Funds wind down Europe trading
        411 9 Caution ahead o! euro switch leads to fears of price swings FT [LONDON] Fund managers are set to wind down non-es-sential buying and selling of European shares and bonds this weekend, before the introduction of the European single currency in 11 countries on Jan 1.
        FT  -  411 words
      • Article
        Lock icon Tokyo stocks seen escaping battering by NTT share issue
        323 9 Reuters [TOKYO] Worries that a sale of shares in telecoms giant NTT could batter Tokyo stocks have receded amid a recovery in the market and hopes that restructuring of the company will support their value and provide chances for profits. Japanese
        Reuters  -  323 words
      • Article
        Lock icon Mitsui OSK moves unit to HK
        253 9 Bloomberg [TOKYO] Mitsui OSK Lines Ltd, the world's biggest shipper by tonnage, said it will set up a Hongkong-based company to operate its unprofitable scheduled container unit to boost its parent earnings. MOL Japan will be established April 1 and, based on the lower
        Bloomberg  -  253 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Gold prices dive after signs of inflation-free US growth
        397 10 New York, London prices dip 1.5%; less need for hedge means dim demand ontlook Bloomberg Reuters [NEW YORK] Gold prices fell sharply yesterday after government reports showed the US economy is expanding without signs of inflation that would prompt some investors
        Bloomberg; Reuters  -  397 words
      • Article
        Lock icon Goldman to buy into Guangdong investment arm
        250 10 Bloomberg [GUANGZHOU] Goldman, Sachs Co plans to invest about US$l5 million (5524.7 million) in the biggest company in China's richest province taking a stake of about 10 per cent in Guangdong Enterprises Holdings, said a person familiar with the talks. The investment, to
        Bloomberg  -  250 words
      • Article
        Lock icon Aetna buys health arm of US'Pru
        377 10 FT NYT [ATLANTA] Prudential Insurance of America, the largest US life insurer, on Thursday took a significant strategic step on its path to de-mutualising, announcing it had sold its healthcare business to Aetna for US$l billion (Ssl.7 billion). The move followed intense efforts by
        FT; NYT  -  377 words
      • Article
        Lock icon Stanchart's favourite to buy ÜBS trade finance arm
        310 10 Sale expected to fetch more than lb Swiss francs FT [LONDON] Standard Chartered, the UK-based international bank, is the leading contender to buy the global trade finance business put up for sale by ÜBS. The Swiss bank has made Standard Chartered the
        FT  -  310 words
      • Article
        Lock icon Chicago Board of Trade ousts chairman over reforms
        325 10 FT (CHICAGO] Members of the Chicago Board of Trade, the world's largest futures exchange, yesterday ousted the incumbent chairman in a dramatic upset following a struggle over moves to reform the exchange. The victory of David Brennan, a 41-year-old soya bean trader,
        FT  -  325 words
      • Article, Illustration
        Lock icon Greenback seen losing ground
        487 10 USS/mark: The greenback started the week on a strong note touching a high of 1.6828 on Tuesday, before demonstrating some bearish tendencies when it failed to trade higher despite making at least four attempts. It was downhill all the way thereafter, touching a low of 1.6490
        Source: DBS tank  -  487 words
      • Article
        Futures witness further selling pressure
        201 11  -  m—km Reports ffltigppnPQ lIIHOT Bob Butcher, Jardine Fleming AFTER an exciting week that saw the MSCI Singapore Index hit new record highs on Thursday and then close lower, the last trading day of the week saw foUow through selling after Thursday's trading action was interpreted
        201 words
      • Article
        Futures lose amid falls on Dow, Nikkei
        168 11  -  MSCI Taiwan fatnres Perry Gilbert, Refco Singapore THE Simex MSCI Taiwan Stock Index futures eventually succumbed to seUing pressure yesterday. A sizeable fall in the US markets overnight and a faUing Nikkei 225 Index together provided the right ingredient for sellers to push
        168 words
      • Article
        Lock icon Talk of economic warfare as slump worsens
        347 11 ENERGY REPORT Reuters [LONDON] Desperate oil producers are warning of social unrest and potential economic warfare if action is not taken soon to reverse a calamitous oil price slump. International benchmark Brent was worth just U559.67 a barrel, up three cents, in afternoon
        Reuters  -  347 words
      • Article
        Lock icon CURRENCY REPORT
        323 11 AFP AFX-Asia London THE dollar fell against major currencies but was off its lows against the mark in late afternoon trade, as the market shrugged off the stronger-than-expected November US economic data released earlier, dealers said. They said trading in the dollar was technically driven, after the dollar's
        AFP; AFX-Asia  -  323 words
      • Article, Illustration
        Untitled
        1269 11 DfTEBBAMK CROSS RATES />f// C$ Bwb ECU ffr Dw HX$ Ind »s Buptah Yen Won Ml R2$ ftk >1 Peso SS Hand Sir MT$ 8afct Powd US$ Australia 0.962 6.171 0.526 3.462 1.032 4.837 26.594 46.826 0.732 7.539 2.373 1.*****.827 24.372 1029 3.715 0.835 20.160 22.317 0174 0.624 Canada 1.040
        1,269 words
      • Article
        Untitled
        1900 11 SICOM FUTURES Dec 11 RUBBER (Marts ctcwoq at 5.30pa) RSS1 cwrtVty) Close Volume Opm Month Hiqh Lav Sett (tonnes) Interest Jan 99 107.25 150 Fefc 99 108.25 1175 Mar 99 m.50 D0.50 110.50 350 1475 Apr/Jut) 99 115.00 2250 Jul/Sep 99 119.50 Oct/Dec 99 123.00 75 RSS 3 CONTRACT (US
        1,900 words
    • Article, Illustration
      Lock icon HONGKONG
      1291 12 Reuters niUngSeng -363A4 STOCKS slumped to a sharply lower close yesterday as buyers took flight in the face of Wall Street's overnight losses and softer markets elsewhere in the region, brokers said. The Hang Seng Index dropped 363.44 points, or 3.52 per cent, to finish at 9,952.00. Turnover picked
      Reuters  -  1,291 words
    • Article, Illustration
      Lock icon CHINA
      551 12 Reuters n Shenzhen B Index -o^7 SHENZHEN'S hard currency B shares ended weaker yesterday on losses in Hongkong stocks, but late bargain-hunting brought the B Index off morning lows, analysts said. The B Share Index trimmed 0.27 of a point, or 0.47 per cent, to 55.45, recovering from an
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  551 words
    • Article
      Lock icon TAIPEI
      387 12 AFP QWPindex -106J83 TAIWAN share prices fell below the 7,000-point psychological level yesterday amid disappointment over a lack of government action to support the bourse, analysts said. "There was a lack of confidence in the bourse as investors were disappointed that the government stock stabilisation fund had not stepped
      AFP  -  387 words
    • Article
      WORLD STOCK MARKETS
      2241 12 Lomioii '9BMMRM1 Inriastriits Dectl N«c« *h 31 Group 558.000 -14.400 AB Ports 300.000 -1.000 Abbey National 1169.000 -19.000 AIIM Domecq 552.000 -9.000 Allied Zurich 833.400 -17.600 Amec 178.000 2.600 Aula Group 144.600 -1.600 BATind 499.000 -30.400 BG PIC 382.200 -3.000 BtCC 65.400 2.000 BOC Group 858.000 -12.000
      2,241 words
    • Article
      Lock icon TOKYO
      1599 12 Bloomberg □rikka22s -***** JAPANESE stocks fell, with the benchmark posting its biggest one-day drop in two months, as concern about slowing growth in the US compounded pessimism about Japan's stagnant economy. A decline on Wall Street and a stronger yen dimmed earnings prospects at exporters, including Honda Motor Co
      Bloomberg  -  1,599 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8665 13 MDUSTRMLS Consumer proAicts La«t Vol Day N«t Cap C—1 Sata OOO High Low P/I Smil 320 170 Ajinomoto 306 16 9 124 O 148 35 Angkasa 102 4 192 102 96 50 4 310 123 Apollo food Hlg 279 a 7 Z 388 108 BerjayaLand 197 5 194 199 192
        8,665 words
      • Article, Illustration
        Lock icon Shares jump as Dr M meets fund managers
        433 13 AFP Q Composite Index +&30 MALAYSIAN share prices closed 1.6 per cent higher yesterday on hopes that a meeting between Prime Minister Mahathir Mohamad and fund managers may spur a fresh inflow of funds. The Composite Index rose 8.30 points to finish
        AFP  -  433 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        2492 14 MHH. LOANS ft VJUMANTS 1998 Lilt Vol Day Lilt Ouota Avg High Lw Stno Company Sata ♦ar- COOO) Hlgli Law Buyar SaMaf Prtea 20.5 3 3160 -Actf ******1 US$ 13.5 -0.5 57 14 13.5 13.5 14 95 4.5 3164 Acma ******4 18 -0.5 274 18.5 16.5 18 18.5 18 3161
        2,492 words
      • Article
        Lee Kim Tah wrt: gaining quietly
        192 14  -  WARRANT WATCH -By R Sivanithy ONE warrant that's been creeping up recently is Lee Kim Tah's 2000 instrument, which is still one of the cheapest instruments around, at least in absolute terms. Since it has not been featured in this column for some time,
        192 words
      • Article
        CLOB INTERNATIONAL
        221 14 HOMKOM STOCKS Cr Cr 1998 Last Vol Day Last Ouot* Dh Wv W «H tt Cap High Law Stne Carnally Sata COOO> Hlfh Law Buyar Srto Cw P/g S«n» 400 250 5123 COL (2000) HK 400 2S0 8.0 2.4 2-0 20.5 7744.7 5124 Cattlay Pac 20c HK 720
        221 words
    • Article
      Lock icon WELLINGTON
      263 14 AFP 71 Wellington »2js< BRIERLEY Investments Ltd (BIL) helped the New Zealand stock market post a 0.1 per cent rise yesterday. The NZSE-40 Index closed up 2.56 points at 1,941.57 on turnover of NZ$l32 million. BIL rose two cents to 46 cents following sale of Australian publishing interests. AFP
      AFP  -  263 words
    • Article, Illustration
      Lock icon BANGKOK
      775 14 AFP n SET Index *0.76 THAI shares gained 0.2 per cent yesterday on heavy trade in banking issues which helped the bourse brush off declines in regional markets, analysts said. "There were no particular factors at play but investors bought heavily in banks, especially those yet to recapitalise," Adkinson
      AFP  -  775 words
    • Article
      Lock icon SEOUL
      407 14 AFP CI Composite Index -12.44 SHARE prices on the Korea Stock Exchange fell 2.2 per cent yesterday on profit-tak-ing following record gains in previous sessions. A Korea Stock Exchange official said the market underwent a correction after recent sharp gains. But steady declines in money market rates and the
      AFP  -  407 words
    • Article
      Lock icon SYDNEY
      593 14 AFP Q AH Ordinaries -3^2 AUSTRALIAN share prices closed down 1.2 per cent yesterday amid losses on Wall Street and low commodity prices, brokers said. The All Ordinaries Index closed down 33.2 points at 2,730.0. The All Industrials Index closed down 40.1 points at 4,921.7 while the All Resources
      AFP  -  593 words
    • Article, Illustration
      Lock icon JAKARTA
      730 14 AFP Composite Index +L 93 INDONESIAN shares closed 0.5 per cent higher yesterday as speculative buying on second liners offset falls in leading shares following Wall Street's overnight fall, dealers said. "It seems to me that some stocks have been boosted by certain parties or by local punters. That's
      AFP  -  730 words
    • Article
      Lock icon MANILA
      311 14 AFP Q Manila +1138 SHARE prices closed slightly higher yesterday in lacklustre trade, analysts said. "It's very difficult to say which direction the market is headed but it looks like investors are taking short term positions," Cilette Liboro of Orion-Squire Capital Inc. The Composite Index added 13.38 points to
      AFP  -  311 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6678 15 Transact ion date: D«x 11 I Or Gr M Wt .W LMt Vol Day UMOmM DN Mv YM Nat Cap A>« hn> u» »W ciim sata roooi mho low ■wyor «<■» cv w $«J prito WUTI MPUITRV 142 49.5 mt 1000 ACIMSOC— 74.5 0.5
      6,678 words
    • Article
      SESDAQ
      1221 15 Or Or M *ft 1998 LmI Vai Day Last «wl< Mv W» YM Nit c«a A«g HHH L— tun CID»I> »#H roooi H>0I Lw» Wmftr »—r Cw W $<— Plica 243 30 a 2049 AS Auto 10c >09 -6 2738 HO 105 >08 109 1S.0N 7.0 14 >0.3 124.5
      1,221 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        272 16 Stocks VataM Keppei LandWOO fl.756,000 S Finance Wt99 8,147,000 SingTel 15c 7.533,000 *T«flCtM>ngint50c 7,284,000 KeppeiBank 7,002,000 DtSLand 6,715,000 Keppel LandSOc 5,602,000 Wing Tai 25c 5,Ml,000 Keppel Bank Wt 4,932,000 CSAHMgs20c 4,772,000 Stocks U06 Foreign 31,408,252 SW 29,970,595 DBS Foreign 22.398,784 OCBC Foreign 20,948,394 KeppeiBank 20,893,505 Keppel Corp 19,881,010 SingTel 15c
        272 words
      • Article, Illustration
        STl's advance stalled by foils in US, Tokyo, HK
        615 16  -  STOCK MARKET COMMENTARY Dealers feel upside may be limited next week ahead of the holiday season and jitters on Wall St; Keppel group stocks back in action By R Sivanithy [SINGAPORE] A poor overnight showing on Wall Street and steep falls
        615 words
      • ON THE GRAPEVINE
        • Article
          Reached by bulls
          139 16 SALOMON Smith Barney (SSB) number-cruncher Deep Kapur has produced a research note that concludes that the local market's recovery la based on an expected end to earnings downgrades— reasonable given the decline in interest rates and the package to reduce business costs. "Baaed on the current earnings
          139 words
        • Article
          By George, he's done it again!
          163 16 BATTERED in Russia, stung In Hongkong, mice high-flying American financier Georg? Soros in a moment of truth said in Lontkm on Tuesday: "I think I've tost it rm like an ovoraged ballet dancer. I just haven't got what it takes." If you doubt his
          163 words
        • Article
          Insurance products at OECD
          74 16 OCBC Bank said it is already offering its customers the convenience of buying both Great Eastern and Overseas Assurance Corporation policies at most of its branches. It was responding to a suggestion by a reader published in this column this week that OCBC merge the two
          74 words
        • Article
          Verbal gymnastics
          91 16 PLAIN English' campaigners yesterday awarded GoWen Bull Awards to two UK ministries for bureaucratic language that tied itself up in knots. What we like is the one for the trade department for its draft legislation on British minimum wage plans. The gem of obfltscation: "The hours of non-hours
          91 words
      • Article, Illustration
        HOT STOCK
        66 16  -  ShivTaneja SINGTEL closed three cents lower yesterday at $2.56 on a volume of 7.53 million shares, compared with its 10-day traded average of 4.86 million shares. The daily and weekly RSI and Stochastics are nearing the 25 level, but there appears to be more downside in store for
        66 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      1475 10 ANNOUNCEMENT VICKERS BALLAS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) CONDITIONAL VOLUNTARY TAKE-OVER OFFER FOR ST CAPITAL LIMITED (Incorporated in the Republic of Singapore) Vickers Ballas Co. Re Ltd ("VB Co") wishes to announce, for and on behalf of Vickers Ballas Holdings Limited ("Vickers Ballas" or "Offeror*), that as
      1,475 words
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  • Page 16 Advertisements
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      1403 16 BUSINESS X()f i('<>S To ;id\ertisi' call toll-free 1800-741 1883 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER Of CAMINO REALTY PTE LTD (INCORPORATED IN THE REPUBLIC Of SINGAPORE) NOTICE Of RESOLUTION PURSUANT TO SECTION 290(2) At an Extraordinary General Meeting of the members of the
      1,403 words
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      Page 16 Advertisements Column 2
      282 16 IN THE MATTER OF THfc COM PAN IBS ACT CAP 50 lad TUCK YIP INDUSTRIAL PTE LTD (In Members' Voluntary l-iquidation) At an Extraordinary General Meeting of the sbovenamed company duly convened and held at SO Jalan Sulun #21 -04 Jalan Sultan Centre Singapore *****4 on 7th day of December
      282 words
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      Page 16 Advertisements Column 3
      118 16 Subscribe to 6 months of TheßusinessTimes SIKOAPdRB and you will get one month FREE Promotion ends 30 Docomber *98 ST/SWT Yes! Start me on 6-montfas pre-paid subscription al Just $132.60! j Dr/Mr/Mrs/Ms NRIC No: Send to: 'Singapore Press Holdings Limited* Profession: Sex: M/F Newspaper Services Division Circulation Department, Company: Subscription
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Working towards wellness
      1149 17  -  tax su ten looks at the places that offer a bridge between treating the clinically ill and promoting well-being among those who merely feel somewhat under the weather TAN SU YEN YOUR back hurts, you've had a headache on and off for weeks now, and you're so
      PHOTO OF MARY AÑTSAO BY CHRIS LOH  -  1,149 words
    • STRAWS In The Wind
      • Article
        Unmanned
        121 17 IF THERE'S one thing men hate, it's tagging along on shopping expeditions with women. So a timely report has come out to give men the perfect excuse to stay home with the Sunday papers. According to a UK study, Christmas shopping can damage men's health. The survey found that
        121 words
      • Article
        Citizenship question
        77 17 NOT MANY Singapore actors can claim to have broken into Hollywood and starred in a blockbuster movie. But an orangutan by the name of Mitra has. This Singapore Zoo resident won a part in the Babe sequal as the butler Thelonius. But here's a point raised by the
        77 words
      • Article
        Happy ending
        39 17 AND A NOTE on the Eng Wah cinema exit which we highlighted last week: we were told that the situation has been rectified so patrons won't find themselves dumped in the middle of nowhere after the movie.
        39 words
    • CINEMA
      • Article, Illustration
        The anatomy of faithfulness
        717 18  -  Are those who believe in monogamy living in a fool's paradise? susam tsakg watches as three couples grapple with this question in Denial, Adam Rifkin's well-written and deftly-directed indie comedy SUSAN TSANG DENIAL is a smart little independent romantic comedy which manages to deliver just enough
        717 words
      • Article, Illustration
        Heading for trouble
        604 18  -  TV director David Nutter's film debut, Disturbing Behaviour, unfolds as a series of tedious cinematic cliches By\ Parvathi Narayan DISTURBING Behaviour is a fairly lurid and ludicrous concoction of horror, teenage angst and mind control. In other words, Stepford Wives meets I Know What You Did Last
        604 words
    • PERSPECTIVE
      • Article, Illustration
        Lock icon An embattled Wolfe turns on his critics
        1226 19  -  Why are Norman Mailer and John Updike so anxious to point out the limitations of Tom Wolfe's latest book? And what does Wolfe have to say in reply? martin Arnold watches as the three literary icons slug it out MARTIN ARNOLD NYT PROM
        NYT; FILE PHOTO  -  1,226 words
      • Article, Illustration
        Lock icon Setting an example for the world
        700 19  -  M ENVIRONMENT Singapore can be a global leader in environmental management, says David Bellamy By Parvathi Narayan DAVID J Bellamy, world-re-nowned botanist and conservationist, is not new to Singapore. He remembers the 1950s "when coal-burning boats came to the harbour". Since then, the city
        FILE PHOTO  -  700 words
    • COVER STORY
      • Article, Illustration
        Lock icon Living longer, and living well
        506 19  -  That's what the people at Asia Medic hope to help yon achieve By' Tan Su Yen AT FIRST glance, Asia Medic Specialist Centre is very much your modern, into-the-next Millennium specialists' medical practice. The interiors, complete with a breakfast room, are inviting rather than clinical,
        SIEW YAW HOONG  -  506 words
    • EPICURE
      • Article, Illustration
        Count the calories and have a feast
        857 20  -  Yes, it's possible to do both when you're at Essence, The Gourmet Spa rahtta elias gets a whole new perspective on how good healthy food can taste Rahita Elias ESSENCE, The Gourmet Spa, Hotel Inter-Continental Singapore's newest dining experience, is so small we
        857 words
      • Article
        Bowled over by red burgundies
        715 20  -  WINE CONNOISSEUR By] N K Yong IN ONE word, the 1997 red burgundies are delicious. I spent a fascinating week at the beginning of October in Burgundy tasting them and was bowled over. Colours were good and bouquets were an enchanting perfumed pinot. On the
        715 words
      • Article, Illustration
        All wrapped, up for Christmas
        115 20 CRAVINGS IT'S A SIGHT for sore eyes, this lovely tissue-wrapped panettone or Italian Christmas bread. And it tastes as good as it looks. Called the Bijoux Mandorlato Panettone, this tall, round festive bread comes covered with dark chocolate topping studded with more chocolate chips. The
        115 words
      • Article, Illustration
        Four for the price of three
        187 20 NOW YOU CAN have your Apom Balek and eat it too. The ever-popular Nonya Buffet Lunch at Apollo Hotel Singapore is launching a promotion effective this month only. For every four persons who order the buffet at the Luna Coffee House, one person eats
        187 words
      • Article, Illustration
        In the festive spirit
        132 20 IT MAY be a quiet little hotel, but Le Meridien Singapore has lots of Christmas cheer to spread, especially for those who want to be festive without getting into the thick of the crowds. To set the mood, the Amadeus Choral Society, who have performed in
        132 words
      • Article
        Chamomile comfort
        103 20  -  Compiled by Tan Su Yen COFFEE may give you a buzz, but herb teas restore the spirit. Take it from a totally partial source, Celestial Seasonings, the makers of caffeine-free, natural herb teas packaged in pretty boxes. And the most soothing herb tea of all? Chamomile. According to
        103 words
      • Article
        A card that aims to put you in the black
        329 20  -  DINING PRIVILEGES Thirty types of cnisine and 120 outlets are represented Tan Su Ten EAT WELL and help the restaurant industry at the same time. That's the message from the people behind the Black Card, a recently launched dining card
        329 words
    • STYLE
      • Article, Illustration
        Happy homemakers
        592 21  -  Longing to add a Philippe Starck toothpick set or a Michael Graves clock to your home? Jaime eb tells you where you can find them JAIME EIE THEY'RE whimsical, colourful, not always practical and they're here in a big way. Alessi, the answer to the playful yuppie's home
        592 words
      • Article, Illustration
        Geometry in art
        400 21  -  EXHIBITION By) Parvathi Narayan PIET Mondrian, who died over half a century ago, is someone whose work we see everywhere today, perhaps without quite realising it. His signature style heavy black lines demarcating the surface into rectangles, some left white, others filled with solid reds, blues and
        400 words
    • MOTORING
      • Article, Illustration
        A small French number that's big on safely
        521 21  -  It takes a perceptive buyer to notice the high value the latest Clio offers. Christopher tak tries it out for size and comes away smiling CHRISTOPHER TAM RENAULT'S European campaign for its latest Clio depicts various women declaring in no uncertain terms:
        521 words
      • Jungle Jimny meets city slicker
        • Chapter
          Untitled
          89 21 Jimny is a totally different breed, though. Larger but with a shorter wheelbase, it seems to pack a lot more metal, which is noticeable the moment you slam its doors. In the final analysis, the Jimny is a very youthful carriage. It exudes a relaxed ambience, both in its build
          89 words
    • LEISURE
      • Article, Illustration
        WHAT'S ON
        477 22  -  Compiled by M Yasotha DRAMA Lear A Japan Foundation production based on Shakespeare's greatest tragedy. Boasting stunning visuals, great music and exciting choreography, the production is scripted by Rio Kishida and directed by TheatreWorks' artistic director Ong Keng Sen. Presented by TheatreWorks and National Arts Council. Jan 28-31
        477 words
      • Article, Illustration
        Lock icon The world is curving its appetite
        1081 22  -  From calculators to cars, roundness is overtaking sharp edges and planes, reports marykfbemby MARY K FEENEY LATWP AS THE century closes, the world is a little rounder than it was 100 years ago. Not in terms of geophysics or astronomy but in the everyday
        LATWP  -  1,081 words
    • Article, Illustration
      CINEMA
      795 23 comedy 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, Yishun, Bishan, Tiongßahru, Tampines, Boon Lay, Marina, Eastpoint, Central. Babe, Pig In The City. The charming pig now takes on the bright lights
      795 words
    • Article
      ENQUIRIES AND BOOKINGS
      123 23 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jutoliee 454-1640 Mandarin 292-9401 Marina 338-9719 WTirtesantis 585-1782 j Q olden Village 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina Tampines 8 Tiong Bahru Yishun |1 n ,,1,
      123 words
    • TRAVEL
      • Article, Illustration
        Wildlife paradise
        759 24  -  AGNES WEE Kangaroo Island has 21 national parks in which visitors can get close to nature, aombs web wastes no time meeting some of the coastal residents The families of Australian sea lions basking lazily in the sun on the sandy beach of Seal Bay on Kangaroo Island
        759 words
      • Article, Illustration
        A city where good food is never far away
        722 24  -  Foodies can look forward to some truly excellent meals at reasonable prices in Adelaide By. Agnes Wee ONE GOOD way to work up an appetite is by taking an exhilarating ride on a Harley Davidson motorcycle with a thumping V-twin engine
        722 words
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      170 18 Christmas Spirits Are tiigher At The Pan Pacific Singapore l*r i. »i« «iln M' r\i< h.tri>« tml |»r« .tilnt£ got rr iini.nl (i*« lu«lui|* s,,n i I.uin n|»i .*****1 «f 4lnt i m 11>* I«»I>I >\ 111>I»11 < .mils. \ihl l irrw« »i kn I>iirsf ino with ni.vjii .)l nloiir>
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      Page 18 Advertisements Column 2
      21 18 Coming to Cathay and Golden Village cinemas. Rated R(A). Showing at Cathay, Golden Village, Shaw and United Artists cinemas. Rated PG.
      21 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      78 20 Bin-End Sale To clear warehouse space we are holding a special one-day sale of bin end wines. Do not miss the opportunity to buy great wines such as CHATEAU LEOVILLE BARTON, GRANT BURGE Shadrach, Chateau Raymond lafon Sauternes, and many other exclusive labels, at rock bottom prices. Drop in today
      78 words
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      Page 20 Advertisements Column 2
      5 20 For more details, tel: 535-4954
      5 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      478 22 Where to wine, dine and entertain... (O New purchases Insurance. 11M8* *****5 1 "Tunch" is the best for lunch and high tea rolled into one. Which means longer serving hours and even more scrumptious spreads. "Tunch" on Saturday, Sunday Public Holiday from 12 noon spm £15.80 (Adult) £11.80 (Child) "Tunch
      478 words
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      Page 22 Advertisements Column 2
      79 22 W\GH TEa Every Saturday, TOO noon to 5.00pm Ofpfe Adult: $20 f() Child: $1 2 Rc«olvln| Reservations: *****88/58 >«""«» -5Mandarin |Jj Sif^fapare 333 Orchard Road, Singapore *****7. Tel: *****11 Fax: *****61 http://www.mandarin-botel.com.sg e-mail: mandarin.tms«meritus-hotels.com 1 From Honey Glazed Hams and Roast Turkeys with all the trimmings to Chocolate Christmas log
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  • Page 23 Miscellaneous
    • Miscellaneous
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      708 23 RECOMMENDED VIEWPfQ Outlaw and Michelle Pfeiffer are kj uua w out tQ get a man rp^gy DOlitiCS conjure up the ultimate object of desire, Satan Hie Sicilian, 1.05 am, Ch 5 himself, played with This 1987 biopic is the diabolical glee by Jack story of Salvatore Nicholson. Entertaining Giuliano, who
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      1529 23 TODAY'S TV MaaMMi 130 Panggung: Kaseh Ibu rmnwre LaJP m (Malay movie with En 10.00 AM Response TV. glish subtitles). 12.00 NN TV Innovations. 430 Keluang Man LOO PM Asian Football 100 Taman Sesame. Show. 130 Denver, The Last Dino--2.00 Sports: World Soccer Jksaur. Show. 0.00 Kaanbom Karpom (Taro--2.30 Sports:
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