The Business Times, 19 December 1998

Microfilm: NL21361
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    12 1 85C The Business Times SINGAPORE Internet: http://business-times.aslal.com.sg/ WEEKEND EDITIQN, DECEMBER 19-20, 1998
    12 words
  • Article
    MARKET SUMMARY
    60 1 □an 1,406JC (+39.77) pisr-su U MJ4 (+16.94) fl smsa FOTDIES U 216,71 (+6.63) OT0CM1HBT1MMCBB Friday Change KLSEOOMP SM4I +7JI NIKKEI M,IK» +€1M HANG SBNQ 8ET INDEX 34 US +117 JAKARTA COUP ma tit MANILA COUP —USUI *9M TAIPEI WPI UKM -1116 8BOULCOMP —4M CLSA CHINA B 114.49 l«.N
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  • Article
    FINANCE
    72 1 nuKuni USt 81 UW 1148 £(USS/S$per£) L«8S I77J dm im tin jrtw iiu_L«r im MM HW y 7.741 till 8AHT— i JIM 9M6 MJKAH 7,7m flJSl* *9m mum >,>n—uti 'StUMmtti ROB IATES SWQAPORB* L__U1 KUALA LUMPUR 11J« JAKARTA BLM BANGKOK 14.71 MANILA 8M HONG MONO IMS TAIPEI KM SYDNEY
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  • Article
    HK acts to open up banking sector further
    883 1  -  Moves are afoot to stiffen regulatory and supervisory framework From* Quak Hiang Whai in Hongkong HONGKONG is considering a package of financial reforms to further open up its banking sector, including allowing foreign banks to open more branches and having fully deregulated
    883 words
  • Article
    Lock icon US, Japan hammering out deal to guarantee Thai bonds
    870 1 If it works, plan may be extended to Indonesia, Korea Bloomberg [WASHINGTON] The US and Japan are nearing an agreement with international lenders to guarantee bond sales by Thailand's government as part of an effort to revive the nation's banks. Strengthening
    Bloomberg  -  870 words
  • Article
    S'pore has not seen bridge proposal
    151 1 [SINGAPORE] The Singapore government has not received an official proposal from Malaysia on building a new bridge to replace the Causeway, the Ministry of National Development said yesterday. Responding to media queries, an MND spokesman said the government would be able to comment further
    151 words
  • Article, Illustration
    Lock icon Iraq rocked by third wave of air attacks
    872 1 Russia recalls UK, US ambassadors, says it is rethinking security strategy Reuters [KUWAIT] United States and British forces launched a third round of air attacks against Iraqi targets, US Defence Secretary William Cohen announced early yesterday morning. "The United States and British
    Reuters; REUTERS  -  872 words
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      123 1 IHBIDE 4 vfllK|l^A .y Fed rata cat? The US Federal Reserve Board will cot a key interest rate by an additional 50 basis points in 1909 to boost sagging consumer activity, according to a forecast repeat released yesterday, Pg7 Mat Exxon, which recently announced its merger with Mobil, is going
      123 words
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      9 1 Japan to guarantee bond issue by Thailand, Pg 4
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      137 1 v •t ■•>#»- We decided not to pull the plug. f* -K f P^jUOBTrMiT J BiflßHKjnTTr S "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
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      19 1 More report®, Pg 6 House impeachment debate starts Avoiding suspect chemical weapons plants Oil prices slump to below US$lO
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  • SINGAPORE AT HOME & ABROAD
    • Article
      SilkAir crash probe rules out several causes
      335 2  -  By Ang Wan May INVESTIGATIONS into last December's Silk Air crash have found that air traffic control, weather, aircraft maintenance, terrorist acts, or hazardous materials were not factors that led to the accident, says the Aircraft Accident Investigation Commission of Indonesia's Department of
      335 words
    • Article
      Lock icon PSA should see 6-7% growth in container business: Mah
      286 2 Reuters [SINGAPORE] PSA Corporation, Singapore's sole port operator, should see growth of 6 to 7 per cent in the container business this year, as well as a similar growth rate in 1999, Communications Minister Mah Bow Tan said yesterday. "At the
      Reuters  -  286 words
    • Article
      200 ex-Yaohan workers get $lm of $4m owed them
      185 2 TWO hundred union members who were former employees of the bankrupt Yaohan Singapore have received $1 million from its liquidators. According to the Dec 18 issue otNTUC News, under the collective agreements between the employees' unions and Yaohan Singapore, the workers
      185 words
    • Article
      Chip firms in technology pact
      117 2 THIRTEEN chip companies here yesterday signed an agreement to jointly develop advanced chip packing technology. The companies, which comprise mostly foreign multinationals, will work together on "generic, pre-competi-tive" packaging technology. Chip packaging involves cutting up silicon wafers, encapsulating the individual chips, and providing electrical connections
      117 words
    • Article, Illustration
      Lock icon Exxon to go ahead with US$2b cracker on Jurong Island
      502 2  -  Confirmation puts to rest romonrs it may rethink investments after merger By Ven Sreenivasan PETROLEUM giant Exxon, which recently announced its merger with Mobil Corporation, is going ahead with its US$2 billion (553.3 billion) petrochemical project on Jurong Island. Esso
      ARTHUR LEE  -  502 words
    • Article
      Budget unlikely to have extra measures to help businesses
      402 2  -  But govt will adjust policies if situation changes: BG Lee By< Chuang Peck Ming THE coming budget is unlikely to contain any significant additional initiatives to help companies weather the current poor business conditions, Deputy Prime Minister Lee Hsien Loong said
      402 words
    • Article
      Condo, flat prices see smaller drop in Q4; landed homes still suffering: JLW
      592 2  -  Both segments are now back to 1993 price levels By i Corinne Kerk THE year will end with a slower fourth quarter correction in private apartment and condominium prices, while landed homes will still suffer a steep
      592 words
    • Article
      Q3 tax revenue falls 7% to $4.7b
      477 2  -  Redaction due to June off-budget measures, says IRAS By\ Soh Tlang Keng TOTAL tax revenue collected by the government for the third quarter this year fell by 7 per cent due to the $2 billion off-budget package that was announced in June to
      477 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      176 2 CRYPTIC CROSSWORD 30 The custodian' in one who is invariably calm 14 Writer putting money into YESTOHDAY'B SOLUTION (4.6) very large car spacious |Cl6MA|R|oßplul£lkl6lylf(ißl DOWN (5,5) rlMr W Mi iHil l m I 1A fish or seaweed extract (4) 16 Irregular ban, moral though it 2 Once forced to Join
      176 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • Article, Illustration
      Lock icon How many eggs do you put in each basket?
      1145 3  -  Asset allocation is the key to success, not how smart you are in picking stocks and unit trusts By Faizal M Fazhluddin The writer is business development manager at UOB Asset Management [SINGAPORE] WHILE the individual investor has been advised to
      Source:  -  1,145 words
    • Article, Illustration
      Lock icon Those who stayed the course benefited
      997 3  -  SSHHSII Many bine chips saw mid-week lows and then a comeback By Louis Beckerling [SINGAPORE] A week that ended more or less where it began for investors in many of the blue chips in our portfolio but with a heart-stop-ping dive on the way.
      Source:  -  997 words
    • Article, Illustration
      Lock icon Hang Seng seen reaching 12,000
      478 3 EYE OM THE REGION: HONGKONG HE stock market said to be in first stage of boll run Reuters [HONGKONG] The Hongkong stock market is in the first stages of a bull run and the Hang Seng Index should reach 12,000 by the end of 1999
      Reuters; REUTERS  -  478 words
    • Article, Illustration
      Lock icon Fund profile
      328 3 Source: SMP v r v ;•/>r• 't <» f > xi f M l i <n tli iji investment oojocuve To acNeve medium to tong term capital growth through nvestmerit in the world's major stock markets. The fund seeks undervalued stocks with potential tor significant earwigs growth. Investment
      Source: SMP  -  328 words
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      60 3 Taking a break The Personal Finance Investment pages win be back on Jan 8,1999 Game M eetth e George Soros Raymond Ouah Me Kio m The from Standard Chartered. His portfolio has appreciated the ,1P V S3IM IS ift Il<M(l< -i sun \i |J> K-mpk-i.-n -fjjf UOB ASSET MANAGEMENT Schr.rler
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  • ASIA'S ECONOMIC SLUMP
    • Article
      Lock icon HK banks spring surprise rate cut
      585 4 Deposit rates down 25 basis pts in third drop since Nov 23 Reuters Bloomberg (HONGKONG] Hongkong banks sprung a surprise cut in deposit and lending rates yesterday, the third reduction in under a month, which analysts said would further boost market sentiment. The Hong
      Reuters; Bloomberg  -  585 words
    • Article
      Japan to guarantee US$500m bond issue by Thailand
      256 4  -  Details expected by end o! January 1999, says ambassador By Lu Ning {SINGAPORE] The Japanese government will provide a guarantee for a US$5OO million (*****.9 million) bond issue by a Thai government corporation early next year following a similar exercise for Malaysia
      256 words
    • Article
      Lock icon Seoul's information minister quits: report
      198 4 Reuters Bloomberg [SEOUL] South Korea's Information and Communications Minister Bae Soon Hoon submitted his resignation to President Kim Dae Jung yesterday, local television reported. Yonhap Television News (YTN) quoted presidential spokesman Park Jie Won as saying the resignation would likely be accepted by the president
      Reuters; Bloomberg  -  198 words
    • Article
      Lock icon S&P may cut ratings of Bank of China, 4 others
      221 4 Bloomberg [HONGKONG] Bank of China, Bank of Communications, China Construction Bank, China International Trust Investment Bank, and the Industrial Commercial Bank of China may all have their "BBB" credit ratings downgraded by Standard Poor's Corp. The US-based credit rating company
      Bloomberg  -  221 words
    • Article
      Lock icon World Bank to delay US$1b Indon loan till after June polls
      294 4 AFP [JAKARTA] The World Bank has decided to delay a planned US|l billion (551.65 billion) loan to Indonesia until after elections in June, bank officials said yesterday. The Jakarta Post quoted the bank's country director for Indonesia, Dennis de
      AFP  -  294 words
    • Article, Illustration
      Lock icon Samsung Motors workers fear job cuts
      91 4 [SEOUL] South Korean employees of Samsung Motors demonstrating at a rally in front of Seoul Station yesterday. More than s,oooSamsung Motors employees were protesting against expected layoffs when their company is swapped for Daewoo Electronics next year. Under a sweeping package deal, the Samsung
      REUTERS  -  91 words
    • Article
      Lock icon Builder asking banks to forgive 394b yen loans
      515 4 More Japan firms expected to do same as recession deepens Bloomberg [TOKYO] Haseko Corp, a struggling Japanese condominium builder, said it will ask banks to forgive 394.2 billion yen (555.6 billion) in loans as a deepening recession pushes more companies to the
      Bloomberg  -  515 words
    • Article
      Lock icon KL may borrow more after Tokyo-backed bonds
      449 4 Dr M quoted as saying M'sia may borrow from hanks Bloomberg Reuters [KUALA LUMPUR] Malaysia may borrow Japan's highergrade sovereign credit ratings to raise more cash from the international capital markets, after side-stepping its near-junk Baa 3 sovereign credit rating last week. "There
      Bloomberg; Reuters  -  449 words
    • Article
      Lock icon Japanese urged to cut back on bonds, beef up on stocks
      351 4 Euro gets ringing endorsement from financial institutions Reuters [TOKYO] Japanese financial institutions are recommending taking on a little more risk for a second straight month, advising investors to raise stock purchases and cut their holdings of bonds and cash,
      Reuters  -  351 words
    • Article
      Lock icon Thai Nov trade surplus widens 9% on import slump
      155 4 Bloomberg [BANGKOK] Thailand's trade surplus in November widened 9 per cent from the previous month, as the country's recession slowed demand for imported goods such as oil. The trade surplus increased to US$l.l billion (SII.B billion), from an adjusted US$l billion
      Bloomberg  -  155 words
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  • REGION
    • Article
      Lock icon S Korea sinks spy craft from North after shootout
      359 5 SEOUL AFP SOUTH Korea's navy yesterday sank a North Korean underwater spy craft in a highseas gunbattle which left at least one infiltrator dead and Bparked a manhunt for others, officials said. Defence Minister Chun Yong Taek said South Korea would
      AFP  -  359 words
    • Article
      Indon govt unveils measures to boost investment in Batam
      396 5  -  By: Eugene Low [SlNGAPOßE] The Indonesian government is putting in place a slew of measures and Incentives to restore investor -Gonfid&lce and boost foreign investment in Batam, Minister for Investment Hamzah Haz said on Thursday. Mr Haz, speaking at a conference
      396 words
    • Article
      Lock icon HK wrapped in thick hazardous smog
      152 5 HONGKONG AFP A BLANKET of thick smog hung over Hongkong yesterday with health authorities urging people with respiratory and heart ailments to avoid areas of heavy traffic. Leung Pak-ming, principal environmental protection officer, said: "When the roadside API exceeds 100 and reaches the 'very
      AFP  -  152 words
    • Article, Illustration
      Lock icon China celebrates Deng's reforms, rules out democracy
      425 5 BEIJING Communist Party Lb indispensable'; well crash subversion, says Jiang Reuters CHINA marked the 20th anniversary of Deng Xiaoping's reforms yesterday with praise for his capitalist-style policies but also with a stern warning from President Jiang Zemin that Westernstyle democracy will not be
      Reuters; AFP  -  425 words
    • Article
      Lock icon China vows to develop its stock markets
      543 5 SHANGHAI New securities law to give watchdog sharper teeth soon Reuters CHINA marked the 20th anniversary of economic reforms yesterday, vowing to expand its securities markets despite widespread problems. "The development of China's new shareholding economy and securities markets has proved the correctness
      Reuters  -  543 words
    • Article
      ADB think-tank gets new dean
      349 5  -  Japanese economist replaces former Philippine minister From, Anthony Rowley in Tokyo THE Asian Development Bank has announced the appointment of Japanese economist Masaru Yoshitomi as dean of the ADB Institute in Tokyo, replacing former Philippine finance minister Jesus Estanislao who has quit because of tensions
      349 words
    • Article
      Lock icon Indon students hold protests in Jakarta and Jogjakarta
      502 5 JAKARTA Squatter-farmers in Medan clash with plantation workers AFP HUNDREDS of Indonesian students yesterday made a fresh bid to protest at Parliament but were content with a drive-past a day after violent clashes with security forces left more than 150 injured. Soldiers
      AFP  -  502 words
    • Article
      Lock icon Wiranto holds off 'bamboo militia' plan after criticism
      399 5 JAKARTA Reuters INDONESIA'S military, •tung by fierce criticism, yesterday put on hold plans for a 40,000-strong "bamboo militia" that many fear would be nothing more than gangs of state-sanctioned thugs. Armed forces chief General Wiranto will delay raising the civilian force, armed
      Reuters  -  399 words
    • Article, Illustration
      Lock icon India's Congress aims to form one-party govt
      286 5 NEW DELHI AFP INDIA'S main opposition leader Sonia Gandhi yesterday said her Congress party wanted to form a government on its own rather than inflict another fractious coalition on the country. Addressing a day-long party policy session, Mrs Gandhi criticised the Hindu national-ist-led
      AFP  -  286 words
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  • ATTACK ON IRAQ
    • Article
      House starts impeachment debate as air strikes continue
      662 6  -  Incoming Speaker admits to affairs bnt rejects comparisons with Clinton Prom Leon Hadar in Washington THE US House of Representatives yesterday started debating four impeachment articles against President Bill Clinton as the air strikes against Iraq entered their third day. Mr Clinton
      662 words
    • Article, Illustration
      Lock icon Pentagon braces for Iraqi counter-attack
      707 6 Unpredictable Saddam could still deliver an assault LAT-WP [WASHINGTON] Although Iraqi forces have been barely visible during the air assault on their country, the Pentagon is bracing itself for a counter-strike that it fears could still come from Iraq's unpredictable leader, Saddam Hussein. As they
      LAT-WP; REUTERS  -  707 words
    • Article
      Lock icon US, UK avoiding suspect chemical weapons plants
      458 6 Strikes hit Iraqi intelligence, security HQ, says Pentagon NYT [WASHINGTON] US and British forces are taking care to avoid hitting Iraqi factories suspected of producing chemical and biological weapons. Pentagon officials said on Thursday, adding that bombing and missile strikes had caused extensive
      NYT  -  458 words
    • Article
      Lock icon Oil price slumps to below US$1O as Iraqi exports go on
      531 6 Reuters [LONDON] Oil markets lurched lower yesterday, extending a dramatic collapse which has wiped 13 per cent from already battered prices in just two days. International benchmark Brent sank back to U559.96 a barrel by 1526 GMT, losing another
      Reuters  -  531 words
    • Article
      Lock icon Future US strategy will be to rely on force, not checks
      333 6 LAT-WP [WASHINGTON] When the smoke clears over Iraq, the Clinton administration will pursue a strategy known as "containment-plus" that relies on US force rather than UN inspections to counter President Saddam Hussein's weapons of mass destruction, according to senior
      LAT-WP  -  333 words
    • Article
      Lock icon Crisis forces security rethink: Russia
      541 6 Military chief voices anger, suspicion at Nato motives Reuters [MOSCOW] Russia's military called into question its embryonic relations with longtime foe Nato yesterday and said the Iraq crisis was forcing it into an overall security rethink that could create a Cold War-style divide. Russia is
      Reuters  -  541 words
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  • REGION/WORLD
    • Article
      Lock icon Fed will cut key rate by 0.5 point in '99: forecast
      313 7 LOS ANGELES Economists who predict cat say it'll be aimed at boosting consumer activity Reuters THE US Federal Reserve Board will cut a key interest rate by an additional 50 basis points in 1999 in order to boost sagging
      Reuters  -  313 words
    • Article, Illustration
      Lock icon Tokyo considers 1-yr T-bills, 30-yr bonds
      290 7 TOKYO Bloomberg JAPANESE Finance Minister Kiichi Miyazawa said the government is thinking of selling one-year treasury bills and 30-year government bonds to diversify its debt load. "We have been discussing the issuance of 30-year bonds for a long time," Mr Miyazawa said at a
      Bloomberg  -  290 words
    • Article
      Lock icon Two top Euro stock analysts take contrary views of 1999
      501 7 LONDON Who's right BT Alex. Brown or Morgan Stanley, both spot on in '98? Reuters READING the runes right or just plain good luck? Two of London's leading strategists scored uncannily accurate market predictions this year with highly public pronouncements
      Reuters  -  501 words
    • Article
      Lock icon Europe bourses hold secret meeting
      305 7 LONDON London talks aimed at pan-European bine chip exchange Reuters THE heads of eight European stock exchanges met in London yesterday for a second round of talks aimed at creating a pan-European stock exchange in leading stocks. But financial industry sources said no breakthroughs were
      Reuters  -  305 words
    • Article
      Lock icon Banks set up 850b yen forex settlement scheme
      190 7 TOKYO Reuters THE Federation of Bankers Associations of Japan (Zenginkyo) has set up a 850 billion yen (5512.2 billion) funding scheme to prevent foreign exchange settlements being paralysed in the event of a bank failure, an official at the organisation said yesterday.
      Reuters  -  190 words
    • Article
      Lock icon Banks explore legal action against Russia
      319 7 LONDON FT FOREIGN banks are considering legal action against the Russian government unless it improves the "confiscatory" terms for restructuring the frozen domestic debt market. In a desperate effort to strengthen their bargaining position in the negotiations over the restructuring of US$l5 billion (5524.7
      FT  -  319 words
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      976 7 GPE Industries Limited (Incorporated in the Republic of Singapore) Announcement of Unaudited Interim Results for the Six Months ended 30 September 1998 The Board of Directors of GPE Industries Limited is pleased to announce the unaudited consolidated results of the Group for the six months ended 30 September 1998 as
      976 words
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  • Companies & Markets
    • Article, Illustration
      Lock icon CK Tang posts $7.5m interim loss, warns of tough 2nd half
      308 8  -  Results blamed on poor retail scene, higher borrowing costs, forex losses By\ Louis Beckerling [SINGAPORE] Sharply lower retail spending combined with higher interest charges and a foreign exchange loss to drag the results of department store CK Tang into
      FILE PHOTO  -  308 words
    • Article
      Keppel's residential project in Vietnam: Phase 1 90% taken up
      353 8  -  USsslm development in Hanoi caters to expat community From Yang Razali Kassim in Hanoi KEPPEL Land's new US$5l million (SsB4 million) residential development project here has seen close to 90 per cent of its Phase 1 apartments and villas taken
      353 words
    • Article
      Corporate consolidation – how Public Bank does it
      922 8  - Corporate consolidation how Public Bank does it HOCK LOCK SIEW Ruth Wong THE recent proposal by Public Bank Bhd to consolidate its stockbroking and mutual fluids management unit under a whollyowned unit called Public Consolidated Holdings Bhd has generally received positive reviews from analysts. At a time when Malaysian stockbroking
      922 words
    • Article
      Pan Pacific's interim up 38%, plans bonus issue
      284 8  -  By, Jennifer Lien [SINGAPORE] Pan Pacific Public Co yesterday announced a 38.3 per cent jump in net profit to $2.1 million at half time and proposed a one-for-two bonus issue to "reward loyal shareholders". This compares with a 23 per cent rise
      284 words
    • Article
      GPE interim net faĺss 32% to $7.4m
      236 8 [SINGAPORE] GPE Indus tries yesterday said its interim net profit dropped 31.7 per cent to $7.43 million, on lower sales of high-end loudspeakers and after-market car audio products. This compares with a torrid interim net profit jump of 62 per cent to $10.88
      236 words
    • Article
      Lock icon KLSE to prevent Clob dumping: report
      177 8 Reuters [KUALA LUMPUR] Malaysia's Kuala Lumpur Stock Exchange (KLSE) may introduce rules to prevent the dumping of shares onto the bourse formerly traded on the Central Limit Order Book (Clob) in Singapore, the Malaysian Business Times said yesterday. Quoting industry sources, the newspaper said
      Reuters  -  177 words
    • Article
      Moody's downgrades S'pore banks' financial strength ratings
      632 8  -  But says country's banking system is healthiest in Asia Reports from Quak Hiang Whai in Hongkong CREDIT rating agency Moody's Investor Service yesterday downgraded the financial strength ratings of Singapore's Big Four banks. Moody's said the downgrading reflects asset quality problems arising from
      632 words
    • Article
      Fitch ups Kwong On Bank ratings
      400 8 [HONGKONG] Rating agency Fitch IBCA yesterday joined the growing number which have given the thumbs-up to DBS' takeover of Kwong On Bank, and lifted its ratings for the Hongkong bank. Describing the takeover as "a major step forward" in DBS' regional expansion, Fitch IBCA
      400 words
    • Article
      Lock icon CM Telecom interim profit falls 29%
      221 8 Reuters [SINGAPORE] CM Telecom International yesterday reported a 29 per cent fall in interim net profit to HK534.53 million (557.3 million) and said it hoped to maintain profits in the second half. The company said in a statement: "The directors anticipate that the group's
      Reuters  -  221 words
    • Article
      Lock icon SML, SembCorp up on logistics deal
      108 8 Reuters [SINGAPORE] Sembawang Marine Logistics shares rose sharply yesterday after a deal with its parent SembCorp Industries to issue new shares for a logistic company. SML shares were up 39 cents, or 22.09 per cent, to $2.12. Volume was more than 9.2 million shares.
      Reuters  -  108 words
    • COMPANIES
      • Article
        Thai Farmers Bank offers high interest to raise 40b baht
        738 9  -  Three-week marketing blitz to be launched to tap domestic fnnds From, Harish Mehta in Bangkok CAPITAL-starved Thai Farmers Bank (TFB) yesterday unveiled an ambitious plan to raise 40 billion baht (Ssl.B billion) in fresh capital by tapping domestic funds through
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      • Article
        Lock icon Ericsson sees a bleak year ahead, 10,000 jobs at risk
        422 9 Taming point may be lannch of new mobile phones in March, says chairman Reuters [STOCKHOLM] Swedish financial daily FinansTidningen said on Thursday that rationalisation at Sweden's LM Ericsson, one of the world's top three mobile phone makers, could affect more
        Reuters  -  422 words
      • Article
        Lock icon Indon govt won't sell Indofood stake yet, says minister
        354 9 Bloomberg [JAKARTA] The government won't sell its 10.18 per cent stake in noodle giant PT Indofood Sukses Makmur just yet, as it won't fetch enough money, said Minister of State Enterprises Tanri Abeng. On Wednesday, the majority shareholder Indonesia's ethnic-Chinese Salim
        Bloomberg  -  354 words
      • Article
        Lock icon GM to raise its Isuzu stake to 49%
        285 9 Bloomberg [TOKYO] General Motors Corp, the world's largest automaker, will pay 52.5 billion yen (*****.2 million) to raise its stake in Isuzu Motors Ltd to 49 per cent from 37.5 per cent, according to a joint statement from the companies. GM, the
        Bloomberg  -  285 words
      • Article, Illustration
        Lock icon Shares go plastic
        53 9 [BRUSSELS] Georges Jacobs, chief executive ofßelgian fine chemicals, drugs and plastic films group UCB, holding the company's shares denominated in euro and printed on a special plastic polymerfilm at a news conference in Brussels on Thursday. UCB is probably the first company to issue shares printed on
        REUTERS  -  53 words
      • Article
        Lock icon Lion to divest RM4b overseas, local assets
        513 9 Group in talks to sell 70% of flagship EL commercial property Bernama AFX-Asia [KUALA LUMPUR] Lion Corp Bhd plans to divest some of its local and overseas assets worth about 4 billion Malaysian ringgit (511.7 billion), Bernama news agency quoted Lion chairman William
        Bernama; AFX-Asia  -  513 words
      • Article, Illustration
        BHP reveals plans to cancel 16.2% of its shares
        735 9  -  It is selling AsL2b in assets, reports 37% fall in interim profit From, Russell Baker in Sydney THE new chief executive of Broken Hill Pty Co Ltd, Paul Anderson, has begun the task of restoring shareholder value by unveiling plans to
        735 words
      • Article
        Lock icon Matsushita sees severe 1999 as recession bites
        239 9 Bloomberg [OSAKA] Matsushita Electric Industrial Co, the world's largest maker of consumer electronics, faces a "severe" 1999 as prices for computer peripherals continue to slide and orders from domestic businesses remain depressed, company directors said. That means Matsushita, which makes household electronics under
        Bloomberg  -  239 words
      • COMPANY Briefs
        • Article
          L&M M'sia unit wins RM380m contract
          66 9 [SINGAPORE] A listed Malaysian associate of LAM Group Investments has clinched a 380 million Malaysian ringgit (*****.8 million) contract to buikl port operating facilities in Johor. LAM Corporation (M) Bhd, through wholly-owned subsidiary LAM Geotechnic Sdn Bhd, secured the job from Pelabuhan Tanjung Pelepas
          66 words
        • Article
          Cycle & Carriage director resigns
          61 9 Cycle Carriage director resigns [SINGAPORE] Cycle Carriage Ltd yesterday said James Riley has resigned as group finance director and member of the board, with effect from March 31 next year. He will be switching jobe with Neville Venter, the finance director of Jardine Pacific. Mr Riley has been with Cycle
          61 words
        • Article
          LKT, Guthrie accept Alliance offer
          81 9 (SINGAPORE} Lee Kim Tah Holdings and Guthrie GTS have both accepted the general offer for their shares in Australian company Alliance Properties Ltd. Fexco Australia will pay LKT and Guthrie A 5481,655 (*****,350) and A 5391,655 for their respective stakes 0f*****0 and 783,311 shares. Following
          81 words
        • Article
          Hwang Soo Chin named SPP chairman
          83 9 [SINGAPORE] SPP has appointed board director Hwang Soo Chin its chairman from Jan 1. He replaces Patrick Yeoh Khwai Hoh who has resigned, effective the seme day. Audit committee chairman Thai Chee Ken will also quit as a director from Jan 1. Independent non-executive
          83 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon US insurance sector poised for upheaval next year
        489 10 Life insurers battle global giants, non-life insurers respond to price war Reuters [NEW YORK] The US insurance sector will enter a more intense phase of upheaval in the new year as life insurers battle global financial giants for survival and non-life insurers
        Reuters  -  489 words
      • Article
        Lock icon US firm launches US$100m India fund
        191 10 Reuters [NEW DELHI] New York Life International Inc, the global arm of New York Life Insurance Company, on Thursday launched a US$lOO million (Ssl6s miUion) fund for investment in India. Vickers BaUas Securities India Pvt Ltd will serve as adviser to the fund. The
        Reuters  -  191 words
      • Article
        Lock icon Fidelity stock, bond funds net $11.4b in Jan-Nov
        405 10 Investors more conservative in volatile markets, says fond giant Reuters [NEW YORK] Fidelity Investments, the Boston-based mutual fund giant, said it took in a net US$ll.4 billion (SslB.B biUion) through net sales of stock and bond funds in the first 11 months
        Reuters  -  405 words
      • Article, Illustration
        Lock icon Liffe to let non-members own shares in revamp
        492 10 Shares to be de-linked from trading permits FT Bloomberg [LONDON] The London International Financial Futures and Options Exchange (Liffe) is to allow non-members to own shares in the exchange in a bid to arrest a steep decline in its implied market capitalisation,
        FT; Bloomberg; FILE PHOTO  -  492 words
      • Article, Illustration
        Lock icon US$ needs to breach crucial levels
        419 10 USS/mark: This week, the greenback posted the first significant retracement since its descent from the high of 1.7135 in late November 1998. The unit dipped to a low of 1.6422 on Monday from the previous week's closing of 1.6460 before soaring to a high
        Source: DBS Bank  -  419 words
      • Article
        Lock icon Rabobank, Achmea scrap plans to merge
        273 10 Reuters [AMSTERDAM] Dutch cooperative Rabobank and unlisted insurer Achmea said on Thursday their planned merger had fallen through due to irreconcilable differences over strategy and how to proceed with their integration. "The merger talks between Rabobank and Achmea have been broken off," Rabobank said
        Reuters  -  273 words
      • Article
        Bears forced to run for cover again
        199 11  -  KIMK Reports ypffl fflfigapnrfl Initay Bob Butcher, Jardine Fleming WHEN will they ever learn? Bears got their fingers burned again and were forced to run for cover sending the MSCI Singapore contract to the top of its recent trading riange yet again. I
        199 words
      • Article
        Futures up on institutional buying
        150 11  -  MSCX Taiwan bitures Cecilia-Ann Loh THE Simex MSCI Taiwan Stock Index futures saw a technical rebound, gaining 4.30 points. The stock index strengthened earlier on news of strong sales reported by computer chip-makers and also following gains on the Nasdaq Composite Index, unshaken by the
        150 words
      • Article
        Lock icon Wheat futures fall as cold spell eases
        406 11 Bloomberg [CHICAGO] Wheat futures feU one per cent, the seventh decline in two weeks, on speculation that a cold speU won't damage wheat crops in the Great Plains next week. Temperatures in Kansas, the No 1 wheat-growing state, are expected to tumble to
        Bloomberg  -  406 words
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        Lock icon CURRENCY REPORT
        335 11 AFX-Asia Bloomberg THE dollar was slightly firmer against major currencies in afternoon trade, benefitting from safe haven interest after Iraqi President Saddam Hussein's refusal to bow down to the US pressure, dealers said. But dealers said the market is likely to disregard Iraqi leader's threat as just political
        AFX-Asia; Bloomberg  -  335 words
      • Article, Illustration
        Untitled
        1222 11 DITERBAME CROSS RATES C$ »■> ECU Fir 0« HKS NH ts lypn* Yf 1km *H mr+*» Hu %j tmi SfrMTttoM N-< US} Australia 0 957 6.178 0.524 3.455 1030 4.809 26.414 48.120 0.714 7.502 2.359 1187 32.492 24.355 1023 3446 *****0443 22.716 0 W 0421 J;M5 5.384 0.547 3.610 1076
        1,222 words
      • Article
        Untitled
        1691 11 SICOM FUTURES Dec 18 MNOI (MVK dnM« M <| UCpM BSS1 CONTRACTUS ctrtsAq) QM WNM OpM MnM W» l«» Stt Itwm) hlwrt JM» 104.75 ISO Ft* 99 NITS 1175 M0 99 K*25 108.25 ***** 200 K75 *r/JM99 112.50 2250 Mfitf 99 HMO Oct/Cec 99 120.50 75 HI 3 CONTRACT (US
        1,691 words
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      Lock icon HONGKONG
      1265 12 Reuters AFP FllLuttSenfi ****** STOCKS rose to a higher close yesterday with index heavyweight HSBC Holdings leading the pack, mirroring a strong performance by financial stocks overseas, brokers said. The Hang Seng Index gained 142.92 points, or 1.42 per cent, to finish at 10,226.23 after withdrawing from an intra-day
      Reuters; AFP  -  1,265 words
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      Lock icon CHINA
      498 12 Reuters n Shenzhen Binder -LO9 SHENZHEN'S hard currency B Share Index ended weaker yesterday, and is set to breach its record closing low next week on lacklustre market sentiment, analysts said. A lack of buying interest ahead of year-end holidays also knocked domestic A shares lower, with news of
      Reuters; Source: Credit Lyonsis Securities (Asia) Ltd  -  498 words
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      Lock icon TAIPEI
      362 12 AFP □*P Index -13J8 TAIWAN share prices closed down 0.2 per cent yesterday in volatile trading as market confidence remained weak, analysts said. "The downward trend has not changed selling pressure remained strong amid weak confidence in the main board," said Jack Tien, manager of Core Pacific Securities. Government-linked
      AFP  -  362 words
    • Article
      WORLD STOCK MARKETS
      2255 12 Dec IB Naa 31 Group 555.000 -0.400 AB Port* 277.000 -3.000 AM>ey National 1163.000 -1.000 AttadDomecg 532.600 -7.400 MM Zurich 676.000 ****** Amac 176.000 2.000 Aid* Group 151.000 -2.600 6ATM 542.000 unci) BGPfc 395.000 -0.400 BtCC 59.000 4.000 BOC Group 660.000 14.000 6R P»«ro4um 662.000 -13.000 BTR
      2,255 words
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      Lock icon TOKYO
      1555 12 Bloomberg Pffikka22S +J7.30 JAPANESE stocks rose, led by exporters including Sony Corp as gains on Wall Street suggested overseas markets were shrugging off initial jitters over US air strikes against Iraq. Nissan Motor Co recorded its biggest gain this week following a media report that DaimlerChrysler AG is considering
      Bloomberg  -  1,555 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8913 13 HtOUSTfMALS Comsmwt protects 1998 Last Vol Day Net Cap UN* I— Cl—ipy Stta -000 HMl Lew p/c j— 320 170 Ajinomoto 300 unch 5 300 300 16.6 «1.6 148 35 Angkasa 96 unch 37 99 95 141.6 310 123 Apollo Food Hlg 280 2 24 280 260 9.7 112.0 388
        8,913 words
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        Lock icon Shares up amid firmer regional markets
        393 13 AFP Q Composite Index 4-7.63 MALAYSIAN share prices closed 1.4 per cent higher yesterday due to a technical rebound amid firmer regional markets. "There was a slight technical rebound with selected interest in financial and property-related counters," an institutional dealer with a local brokerage
        AFP  -  393 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        1910 14 BONDS. LOANS ft lAHAMTt 1998 LMt V«l Day Laat Ouott A v« Hlg» Law Stno Camp any S<M *w- COOO) High Lm 8«iy«f Prtca 20.5 3 3160 »Acr*nm73HK$ n *0.5 108 13 12.5 12.5 13 95 4.5 3164 Acma ******4 16.5 unch 190 17 16.5 16 16.5 17 3161 AMTach
        1,910 words
      • Article
        A chance lost to play put warrants
        223 14  -  WARRANT WATCH By R Sivanithy IT'S a real shame that Bankers Trust has called off its proposed put warrant on the Dow Jones Industrial Average Index, since it would have been the first of its kind in the local market. Unlike the much
        223 words
      • Article
        CLOB INTERNATIONAL
        219 14 inn—111 HUMrn-Afe-.. 5'./-•< Cr Or I9M Last V« Day Last Oueta OK Dtv W M NC« MUD Law Sty Caw»a»»r tax rOOO) Hg Urn Buyar Sa6ar CV >/t S«W 400 250 5123 COL (2000) HK 400 400 2A 2 20.5 7744.7 5124 Catliay Pac 20c HK_720 265 2.1
        219 words
    • Article
      Lock icon WELLINGTON
      254 14 AFP n Wellington +27.0 NEW Zealand shares ended 1.4 per cent firmer yesterday, partly due to reports by Salo-' mon Smith Barney and Merrill Lynch which expressed optimism at the market's prospects next year. The NZSE-40 Capital Index rose 27.69 points to 2,022.08. Turnover was NZ5120.4 million.—AFP m row>
      AFP  -  254 words
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      Lock icon BANGKOK
      746 14 AFP H SET Into *321 THAI share prices closed up one per cent yesterday on a technical rebound supported by confirmation from Thai Farmers Bank of its plans to recapitalise, analysts said. The SET Index closed 3.27 points firmer at 341.92. Advancers led decliners 96 to 76, with 65
      AFP  -  746 words
    • Article
      Lock icon SEOUL
      412 14 AFP PI Composite Index -4M SHARES closed lower yesterday but off their lows as the market recouped earlier losses on foreign buying towards the close, dealers said. Dealers said foreign investors were net buyers of stodts worth about seven billion won, while institutions were net sellers of shares worth
      AFP  -  412 words
    • Article
      Lock icon SYDNEY
      580 14 AFP F1 All Ordinaries +&3 SHARE prices closed up 0.3 per cent yesterday in strong trade with diversified miner BHP and several major stocks driving the market higher, brokers said. The All Ordinaries Index rose 9.3 points to 2,749.3. National turnover totalled 434.47 million shares worth Asl.B billion. The
      AFP  -  580 words
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      Lock icon JAKARTA
      690 14 AFP Q Composite Index -L 62 INDONESIAN shares yesterday closed 0.4 per cent lower on concerns over the domestic political situation and the air strikes on Iraq, dealers said. "The market was quite nervous following the attack against Iraq and clashes between troops and students here on Thursday," a
      AFP  -  690 words
    • Article
      Lock icon MANILA
      305 14 AFP F"1 Manila +8.06 PHILIPPINE share prices closed 0.4 per cent higher yesterday in lacklustre trade after initial shocks over the continuing air raids on Iraq, analysts said. The Philippine Stock Exchange Composite Index inched up 8.06 points to close at 1,886.36. Volume was slightly up at 450 million
      AFP  -  305 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6185 15 Transaction date Dt-r 18 Jpj Gr Gc m Wt Laat VM Ob* LaatOuata IN« Ot* VM Nat Clf Avg t— »*m ciin rooo» nm» l— B»yar h«r cw p/t <31 pwcp 142 49.5 mt WOO Aon* SOc 69 *0.5 3N 7U H 6fl 69
      6,185 words
    • Article
      SESDAQ
      1093 15 l48l Val Day LaatOuata M* Mv YM MM Cap Am t— ttw» ci«n«r rooot HM» l—I m** uam cw *n W wet 243 30 2049 AS Auto 10c *2 1460 tU 90 91 92 15 N 7 16 8 6 103.9 92 85 45 2051 ASJMIdgs20c 593 *6 3
      1,093 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        341 16 |22E3Zn2ZES2HHHHESE Hnh Votam KepBankDBSWOO 9,559,000 SembCorpI 25c 9325,000 Semb Marine 9,254,000 BrMnt 8c 7,389,000 ST Capital 25c 6,375,000 Magnecomp 10c 6,322,000 DBS Land 5,888,000 Hotel Prop 5,414,000 SingTel 15c 5,166,000 *TanChonglnt50c 5,001,000 DBS Foreign 20,980,777 Semi) Marine 19,116,950 SPH 18,901,792 SembCorpI 25c 17,891,830 SIA Foreign 17,081,664 UOB Foreign M,339,439 SingTel
        341 words
      • Article, Illustration
        STI regains 1,400 level as Wall Street cools nerves
        651 16  -  STOCK MARKET COMMENTARY Golf tensions shrugged off as market rises 3% on region-wide rally, talk of a 0.75-point UOB rate cut, and news of SML-ST Logistics merger By R Sivanithy [SINGAPORE] A good overnight showing on Wall Street and a regionwide
        651 words
      • ON THE GRAPEVINE
        • Article
          The last word on grèting cards
          104 16 SO it's the time to be mailing out Christmas and New Year greeting cards. But we bet you don't know about this Singapore Post rule that forbids senders from writing more than five words on your cards. So don't be startled if the pogal
          104 words
        • Article
          Some funds are having a hell
          117 16 FUND managers in Asia jhay be bleeding, but internationally they are still having a pretty good year, ifthe laitet flnancials of Scottish ftind house Abefcpeen Asset Management pic are anyfiing to go by. The firm, which has a secondary listing in Singapore (not a
          117 words
        • Article
          Marketing with a difference
          127 16 LEAVING the Central frovident Fund office at Tampines the Mbar day, a colleague was stopped by a young woman who wanted to ask him some questions. Thinking she was from the CPF Board, he stopped to answer. Halfway through, he got a little suspicious—especially when she
          127 words
        • Article
          You are what you drive
          148 16 EVER wondered how people size each other up In Singapore? Well, a BT staffer who has been entrusted by his friend (who is out of town) with his new BMW Z3 Roadster for a week found out that a sexy car often gets you to
          148 words
      • Article, Illustration
        HOT STOCK
        66 16  -  -by Ven Sreenivasan DBS Land yesterday perked up with an 11-cent gain to $2.27 on a volume of 5.9 million shares. But with the RSI charts in neutral zone and the stochastics showing a bearish trend, the near-term upside for the stock seems rather limited. Although the counter
        66 words
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      65 10 HELP SAVE THEg7vT\lS\ EARTH, W (And get paid for doing /J Give the Earth and other r Singaporeans a helping hand offer /A J someone a paid IHt 1 V to work each day! I I To experience the rewards of saving J 1 the environment, call 1800-*****66 ft for
      65 words
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      25 13 The KLSE scoreboard can be found at the following Internet address: www. Asia I.com. sg/ btstocks HOCK LOCK SIEW Takes you behind the news TheßusinessTimhs
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      32 14 iaxxsnimm* j-;-i I flpEb Court rejects appeal jails DAP MP i RBSBPB® WpdllPCHjlVCi Asian View Iffl |p W wUII I WdUUjf by YangßazaliKassim 1 —.11 •■ya »i»»p i* .77'" i. tt&iJzzz* TheßusinessTimes
      32 words
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      1221 16 BUSINESS \<>t ices lo a<l\t'i*tisi' call toll-lrt'i* INOO-741 IXK3I IN THE MATTER OF THE COMPANIES ACT. CAP. 50 And IN THE MATTER OF SAINT SEN PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTION (Pursuant to Section 290(2Xb) At an Extraordinary General Meeting of the abovonsmed Company
      1,221 words
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      Page 16 Advertisements Column 2
      41 16 I (mm an education institution. The Straits Times Classified is my course to success. CATS 1800-737-1166 Call Today For Results Tomorrow. Locate its owner through Classification 821 (Found). Simply call C JL.T.S. at 1800-737-1166 for this free service. Another Classified Service
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      Page 16 Advertisements Column 3
      67 16 I" et~ :j lh[]jT~; ti 111 r r IILL,_.J,i II Jj a |-nj .>T' -.4— .i :i ,jU 1 ill 7 W/ v I Any Destination, Any Time. Sailing schedules r o th e A m eric a s more. 2 4 hours a day in the Shipping Guide Fax-On-
      67 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Taking stock at Christmas
      1185 17  -  time for reflecting on the year that has passed. And if s definitely a season for getting together MMbmth family and friends. Five business people share their thoughts with TAM SU H H Orchard Road and Christmas |H parties island-wide. But the magic of ■HHH Christmas,
      1,185 words
    • STRAWS In The Wind
      • Article
        Go figure it out
        100 17 WOMEN volleyball players are facing that perennial female question what to wear? The International Volleyball Federation has banned loose and baggy shorts for world championships and the Olympics, essentially forcing women players to fit into skimpy leotardlike suits. That ruling has obviously been made with an
        100 words
      • Article
        Changing your tune
        55 17 FOR all those people out there tired of listening to irritating Christmas jingles playing at all department stores and supermarkets these days, here's a Christmas CD with a difference: titled A Dysfunctional Family Christmas, this collection has nine gloomy tracks, among them Siegfried's Funeral March by Wagner
        55 words
      • Article
        Future collectible
        69 17 BERETS are back in fashion. In Santa Monica, a black beret for sale at a trendy hat shop became a conversation piece, with shoppers stopping to make cracks about what they all recognised as "the Monica Lewinsky beret". To top it all, Ms Lewinsky herself walked into the
        69 words
    • LEISURE
      • Article, Illustration
        Not getting very far with Moses
        787 18  -  The makers of The Prince Of Egypt have created an expensive cartoon that fails badly on the human side, susavtsamo bemoans its lack of vision SUSAN TSANG The prince of Egypt is the first traditional animation effort by Dream Works, the big new studio
        787 words
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        Lock icon Eat your way to better health
        1093 18  -  NUTRITION No diet can claim to prevent or cure cancer, but if it has other health benefits, why not give it a try? By Jane E Brody NYT WHEN words like "cure" and "prevention" appear in the title of a book about a chronic,
        NYT  -  1,093 words
      • Article, Illustration
        Matching romance with realism
        538 18  -  CINEMA Contrary to expectations, it's a combination that works in Next Stop Wonderland By Susan Tsang NEXT Stop Wonderland takes a cute romantic premise and develops it in a surprisingly intelligent, humorous way. The premise is to have two people who are perfectly suited for each
        538 words
      • Article, Illustration
        WHAT'S ON
        428 22  -  Compiled by M Yasotha DANCE 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. Until Dec 20, Bpm 2.30pm matinee at Kallang Theatre. Tickets: $30, 525, $20 $15 available at all
        428 words
      • Article, Illustration
        Lock icon Weaklings step aside, Geena Davis is back
        1087 22  -  The Oscar-winning actress, who started her career playing loopy females, is increasingly determined to take on strong and independent characters, jambs sterngold reports JAMES STERNGOLDI NYT A LIVELY debate over what might have seemed an innocuous line of dialogue broke out one day
        NYT; FILE PHOTO  -  1,087 words
    • ARTS
      • Article, Illustration
        Lock icon A harmonious existence
        1326 19  -  Placido Domingo, supertenor, sounds off to martdi hoyle about life and music MARTIN HOYLE FT A BOOK displayed at the shop in Washington's Kennedy Center for the Performing Arts depicts Placido Domingo as a role model for young Hispanics and, by implication, a success story for America's
        FT; FILE PHOTO  -  1,326 words
      • Article, Illustration
        Cura reveals his strengths in Samson role
        872 19  -  CD REVIEWS Domingo's successor? The rising star's latest albums certainly invite comparisons By. Andrew Lim ALTHOUGH Jose Cura's name has only recently been surfacing in headlines and on operatic billboards, one gets the impression that the Argentinian tenor has come a long way
        872 words
      • Article
        Lock icon If you don't like a piece of music, just say so
        1087 19  -  COMMENT Audiences should feel free to be offended it might be the best thing to happen to living composers in a long time By Bernard Holland NYT ONE longs to hear, "That was beautiful," or "I hated it," or
        NYT  -  1,087 words
    • EPICURE
      • Article, Illustration
        Lock icon Seasoned with vinegar
        614 20  -  Raw fish on rice for Christmas? Not many people here associate Japanese food with the year-end festivities, but Sakae Sushi is hoping to change that mindset rahitaelias reconsiders her options RAHTTA ELIAS SUSHI is something we hardly ever link with Christmas, but the innovative people at Sakae
        PHOTOS BY SIEW YAW HOONG  -  614 words
      • Article, Illustration
        Lock icon Hot Thai treats for hip diners
        494 20  -  RESTAURANT By, Audrey Tan THE newly-refurbished Plaza Singapura was such a cacophony of screaming kids and splashy fountains that we were relieved to escape into the quiet of Naam, The Thai Restaurant. Tucked away in a corner on the second floor, Naam looks nothing
        SIEW YAW HOONG  -  494 words
      • Article
        Bring out the bubbly
        773 20  -  U WINE Welcome to the last relatively normal holiday season of the 20th century an event well worth toasting with a fine sparkling wine Ky Michael Dresser AROUND this time next year, despite the objections of the not-till-2001 crowd, the millennium hype will be upon us.
        773 words
      • Article, Illustration
        Violet Oon shares her favourite recipes
        184 20 CRAVINGS AT THE age of three, Violet Oon had her first taste of Penang food and promptly fell in love with the rich Nonya culinary tradition into which she was born. As a teenager, she learnt Nonya cooking from her aunts out of fear
        184 words
      • Article, Illustration
        Imperial celebration
        205 20 SISTERS Wang-Lee Tee Eng and Jung-Lee Tee Meng, owners of the Chinese bistro Imperial Hot Wok, have friends who love a grand meal at Christmas but who would much rather eat Asian food than turkey. And to cater to diners just like that, the two Ms Lees have
        205 words
      • Article, Illustration
        Seafood and egg nog
        125 20 YOU CAN have a Western meal but skip the turkey and ham at Christmas. At Aussie restaurant The Moomba, Christmas Eve dinner is all about succulent seafood, egg nog and bubbly. For starters, there's a cold platter of fresh oysters, prawns and mussels with an egg
        125 words
      • Article, Illustration
        Christmas with a heart
        175 20  -  Compiled by Tan Su Yen FOOD and beverage spending may be down but kudos to the restaurants and hotels which are still doing their bit for charity this Christmas. Together with 60 other sister properties, Royal Crowne Plaza Singapore is having a "Dolls For Charity" drive.
        175 words
    • STYLE
      • Article, Illustration
        Lock icon Setting the scene for Christmas
        559 21  -  Add a festive touch to your home. It's easily done, and it needn't cost the earth, rahita&uas shares some decorating tips RAHTTA ELIAS IT'S THE week before Christmas, and the house is about as festive as your office canteen. In fact, less so, since some
        PHOTOGRAPHY BY SIEW YAW HOONG  -  559 words
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        Lock icon Environmentally friendly gifts that show you care
        511 21  -  Be different, save the earth, and make your friends and loved ones happy all at the same time By, Jaime Ee WHY do Christmas presents always have to be sparkly, expensive and made of leather or silk? Have a Christmas that's healthy and
        SIEW YAW HOONG; FILE PICTURE  -  511 words
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      CINEMA
      737 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. Yishun, Boon Lay, Tampines, Eastpoint. Babe, Plf la The City. When Farmer Hoggett's (James Cromwell) farm is threatened with foreclosure, our favourite ham hurries ofT
      737 words
    • Article
      ENQUIRIES AND BOOKINGS
      117 23 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubilee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Golden Village 1900-912-1234 332-6098 for group bookings wheelchair facilities B i shan Boon Lay Marina TampinesS Tiongßahru Yishun Overseas Movie Clement i/Co'weatth I
      117 words
    • MOTORING
      • Article, Illustration
        Lock icon Wish upon a car
        441 24  -  If Santa were to trade in his sleigh and team of reindeer for something more comfortable, what manner of carriage would he pick? A good bet would probably be something with climate-control, lots of luggage space, and a little less lift. Attempts to reach Mr Claus
        ARTHUR LEE  -  441 words
    • TRAVEL
      • Article, Illustration
        Lock icon Malaysian wilderness in tourists' hands
        715 24  -  Taman Negara has finally taken off as a tourist destination. But how will this affect the local wildlife? emus reports CHRIS McCALL Reuters Millennia ago aboriginal hunters came here to fish. Decades ago Malay princes and colonial officers came to shoot game. Today tourists come
        Reuters; FILE PHOTO  -  715 words
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      463 22 Where to wine, dine and entertain... "t CAFE PLAZA PLAZA BALLROOM Christmas Eve 8C New Year's Christmas Day Kiddy Eve Candlelight Set Dinner Lunch Galore #45 per person with a glass (11.30 am 3.00pm, 25 Dec) of champagne novelties $18 (Child) 325 (Adult) International Buffet Lunch 8C Dinner Lunch $24
      463 words
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      Page 22 Advertisements Column 2
      101 22 -HarK' Th* -H-t-ra/d- -Any*/^ 'Ballroom 'Dancing at The Neptune on Christmas Day with exciting festive seafood offerings lucky draw prizes! Date: 25 Dec 1998, Bpm Pricing: $40 nett per person (with dinner) $18 nett per person (one standard drink only) Reservations: 224 3922 CoMrOu* "jB7tb floot, Ovrrseas Union House. Colfyer
      101 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      2194 23 TODAY'S TV KBOOmPDnWP TgWDtO m liS S,r:c. T Tnncnol finds that his father's IXOO nntv innovations. d S CItyCoP Unusual nnos tnatnistamers LOO pM Asian Football estate is going to his 12 28 Saturday Chinese Clneassignment hitherto unlcnown artistic 2.00 Sports: Soccer iOO Chinese Top 20 CountForbidden City Cop, Greed
      2,194 words
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