The Business Times, 2 January 1999
1999-01-02
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The Business Times
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Title Section14 1999-01-02 1 THE BUSINESS TIMES MITA (P) 04^12/98 SINGAPORE Internet: http://business-times.asial.com.sg/ WEEKEND EDITION, JANUARY 2-3, 199914 words
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Article83 1999-01-02 1 FOBEX BATES us$ s$ USS I out £(USS/S$ per 1666 I7M DM 1.680 0.988 YEN 114 J 1.449* KM 1800 0.437 HK$ 7.747 Oil 4 BAHT 36.67 0.045 RUPIAH 8,000 0.021 •Stto ICO units •St torn units PUKE BATES SINGAPORE* 5.96 KUALA LUMPUR U.50 JAKARTA 28.00 BANGKOK H.75 MANILA.83 words
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Article, Illustration862 1999-01-02 1 Starting rate set at U551.***** per euro bnt seen rising to US$l.2O by end of Q1 Bloomberg [NEW YORK] The US dollar is expected to fall against the euro when it begins trading on Monday as 11 European nationsBloomberg; AFP - 862 words
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Article94 1999-01-02 1 Reuters [FRANKFURT] The first euros to change hands worldwide paid for a bottle of champagne in a Frankfurt hotel, a leading credit card company said yesterday. "Today, just a second after midnight, the age of the new European currency started. The first euro payment wasReuters - 94 words
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600 1999-01-02 1 Habibie seen trying to boost popularity ahead of polls in June Reuters [JAKARTA] Indonesian President B J Habibie is expected to try to boost his flagging popularity by unveiling a raft of populist policies when he announces Indonesia's 1999/2000 budget on Tuesday, economistsReuters - 600 words
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500 1999-01-02 1 Wong Wei Kong - ELSE extension of CDP's temporary nominee status to end-99 sparks worry Wong Wei Kong [SINGAPORE] Hopes for an early New Year breakthrough to the impasse over the status of Malaysian shares previously traded on Singapore's Clob International have been dented.500 words
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Page 1 Advertisements
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Advertisement111 1999-01-02 1 iwnPß Hock Lack Stow Malaysian financier Rashid Hussain has achieved a revamp of his empire with minimal pain, Pg4 rtiiuve growin Prime Minister Keizo Obuchi is confident Japan will see a return to positive growth in fiscal 1999. The government will make all necessary efforts to meet its economic growth111 words
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Advertisement18 1999-01-02 1 More reports, Pg 3 Obuchi to moot new monetary system Euro offers a market to rival Wall Street18 words
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Advertisement44 1999-01-02 1 ts GENEVE new movement L.U.C 1 r^' SINGAPORE: no. 02-36, Wisma 65/737 64 51 Fax 65/235 82 00. Dickson shops: The Centrepoint, Suntec shops: Lucky Plaza. Millenia Raffles Paragon. more information: Chopard Temasek Boulevard, 38-02 Tower Singapore *****7, Tel. 65/333 0801. Fax 65/333 0803.44 words
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REGION
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396 1999-01-02 2 KUALA LUMPUR Outlook seen as still negative despite USsl.3sb loan news Reuters STANDARD and Poor's will not immediately revise its poor rating on Malaysia despite news that the country has secured a US$l.35 billion (552.24 billion) loan from 12 foreign banks, officialsReuters - 396 words
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Article, Illustration439 1999-01-02 2 TOKYO He says govt will take necessary steps to achieve growth target of 0.5% Reuters PRIME Minister Keizo Obuchi said he was confident Japan would see a return to positive growth in fiscal 1999. In comments "made on Wednesday and embargoedReuters; REUTERS - 439 words
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Article, Illustration571 1999-01-02 2 MANILA Four die, hundreds hurt in Philippines; rest of Asia peaceful AFP FOUR people were killed and hundreds injured in a riotous welcome to 1999 in the Philippines but the rest of Asia was on its best behaviour for New Year celebrations. FireworkAFP - 571 words
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220 1999-01-02 2 SHANGHAI Reuters GUANGDONG International Trust and Investment Corp (Gitic) had debts of over US$2.5 billion (Ss4.l billion) when it was shut by Beijing, more than some estimates, an official magazine said. The magazine, Banyue Tan, also quoted Premier Zhu Rongji as saying thatReuters - 220 words
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303 1999-01-02 2 WASHINGTON It has critical role in helping region overcome crisis Bloomberg JAPAN must carry out its banking reform plan and get its economy back on track to help other Asian nations overcome their recent economic woes, US Treasury Secretary Robert RubinBloomberg - 303 words
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158 1999-01-02 2 KUALA LUMPUR Bernama TODAY marks the first time that many Malaysians, including civil servants, will be enjoying the one extra rest day given to them every month. The implementation of the "first Saturday off" ruling today is certainly a bonus asBernama - 158 words
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444 1999-01-02 2 TAIPEI Govt accused of interfering in housing market Reuters A STRING of stimulus moves engineered by the Taiwan government has not only failed to shore up confidence but has also come under fire, with analysts attacking the government for interfering with the freeReuters - 444 words
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Page 2 Advertisements
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Advertisement359 1999-01-02 2 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SINGAPORE FOUNDRY AND MACHINERY COMPANY PRIVATE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of members of the abovementioned Company duly convened and held at 78 Shenton Way #12-01, Singapore *****0 on the 23rd359 words
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THE WORLD
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563 1999-01-02 3 BIRTH OF THE EURO He will outline plans for a euro-yen-dollar monetary system during his Europe visit next week AFP [TOKYO] Japan's Prime Minister Keizo Obuchi will propose a new international monetary system to stop the yen falling behindAFP - 563 words
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477 1999-01-02 3 BRUSSELS Bloomberg EUROPE'S new currency, the euro, will create a single pool of stocks with a capitalisation of more than US$3 trillion (Sss trillion) and bonds worth almost US$7 trillion, offering investors a market with the liquidity to compete with Wall Street.Bloomberg - 477 words
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264 1999-01-02 3 LONDON Reuters BANK of England deputy governor David Clementi said yesterday some trades may go wrong and firms could lose money due to the birth of the euro but that London's financial district looked well prepared to handle the newReuters - 264 words
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302 1999-01-02 3 NEW YORK Reuters US INDUSTRY will be a leader in raising spending on research and development in 1999, helping boost total R&D spending 6.8 per cent to nearly US$236 billion (*****.4 billion) in 1999, a national survey shows. This represents aReuters - 302 words
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452 1999-01-02 3 WASHINGTON Dec gain to take '98 job growth to 2.5 m, versos 3m in '97: poll Bloomberg THE United States economy probably added jobs at a robust pace in December, helping to drive the housing market, analysts said in advance ofBloomberg - 452 words
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Article, Illustration45 1999-01-02 3 [LIMA] Peruvian book editors tossing editions ofpopular books off the balcony ofan office into the streets of Lima on Thursday. The editors made the decision to provide the free books as a way to encourage more reading in the country. AFPAFP - 45 words
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375 1999-01-02 3 HILTON HEAD, South Carolina Participants in New Tear's Eve Q&A ignore sex scandal Reuters PRESIDENT Bill Clinton welcomed the new year by declaring his faith in government and the American people to be stronger than ever, despite the previous year's political crisis. Speaking atReuters - 375 words
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Page 3 Advertisements
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Advertisement65 1999-01-02 3 U551,000,000,000 Caiwe Centrale du Credit Immobilier de France 3CIF Floating Rate Notes due 2004 For the period from December 30. 1998 to March 30. 1999, the Notes will carry an interest rate of 5.******1 per annum with an interest amount of U*****.36 per US$lO,OOO Note and of U551,333.60 per US$lOO,OOO65 words
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Page 3 Miscellaneous
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Miscellaneous207 1999-01-02 3 OBffTO CROSSWORD 1 Law rests with male hospital 12 Inner pyramid ascertained as Hjj H| H| |H j^H 13 Expedition in direction of an--16 What activity traps family in 18 Horatio's ways of seizing opponents (7) mb disgrace! (7) 23 Amaze with endless acrobat- ■■"""■I 26 Our helicopter adapted for207 words
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COMPANIES & MARKETS
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686 1999-01-02 4 Deal to purchase Air Touch for USs4sb in stock may be sealed by Monday NYT [NEW YORK] Bell Atlantic Corp, the largest local telephone company in the US, is in talks to buy Air Touch Communications, the largest wireless phone companyNYT - 686 words
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337 1999-01-02 4 Bloomberg [DENVER] US West Inc, the sixth-largest US local phone company, said it plans to increase capital spending to more than US$3 billion (Sss billion) in 1999 to expand high-speed data and wirelesscalling services. The estimated 7 per cent increase will allowBloomberg - 337 words
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847 1999-01-02 4 Ruth Wong - HOCK LOCK SIEW Ruth Wong Malaysian financier Abdul Rashid Hussain's recent proposal to restructure his financial empire grabbed headlines for a number of reasons. It exposed the extent of the damage incurred by one of the largest financial institutions in Malaysia and saw847 words
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550 1999-01-02 4 Those exposed to global investment banking hurt most Bloomberg [NEW YORK] Markets rallied, merger activity surged and stock and bond sales revived in the fourth quarter. That won't be enough to boost earnings for most US securities firms, which are expected to report averageBloomberg - 550 words
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Article, Illustration430 1999-01-02 4 Reuters [NEW YORK] Wall Street's bears were finally rewarded for their pessimism in 1998, but the year was still a fruitful one for the bulls who held tight through the stock market's most wrenching downturn in eight years. TheReuters; REUTERS - 430 words
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171 1999-01-02 4 Reuters [KUALA LUMPUR] Under a new government ruling a person may be a director of a maximum of five Malaysian listed companies, the national Bernama news agency said yesterday. Bernama quoted Second Finance Minister Mustapa Mohamad as saying the riding was expected toReuters - 171 words
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406 1999-01-02 4 Bank may use Q4 as clean-up period to deal with problems Bloomberg [CHARLOTTE, North Carolina] Bank America Corp's business with DE Shaw Co, a securities company and hedge fund, is expected to reduce profits in the fourth quarter by about US$lOOBloomberg - 406 words
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194 1999-01-02 4 Reuters [TAIPEI] Some 105 stocks listed in Taiwan's over-the-counter market will qualify for credit trading when the financial markets open on Tuesday, the first trading day of 1999, the OTC securities exchange said yesterday. The exchange said 105, or some 60 per cent,Reuters - 194 words
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EXECUTIVE Lifestyle
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Article, Illustration2885 1999-01-02 5 1998. So, was it good for you? For most of us, it was a year in which we saw our property assets deflate in value, interest rates rocket and then plummet, and our general outlook on life shift to the wrong side of sunny.2,885 words
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Article219 1999-01-02 5 All in a day's work AMERICAN employees are finding the Internet a therapeutic way to blow off steam about their bosses. Do any search under "humour" and you'll be amazed at the number of sites on this subject. Some even come with a "Boss" panic button219 words
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EPICURE
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Article, Illustration205 1999-01-02 7 CRAVINGS DIDN'T GET enough of the partying over Christmas and the New Year? Fret not. The Olive Tree Restaurant at Hotel Inter-Continental Singapore is offering brunch and dinner specials this first weekend of the New Year. Buffet brunch today and tomorrow is priced205 words
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Article, Illustration188 1999-01-02 7 YOU CAN dine in full view of the Second Link and all manner of leisure boats at Raffles Marina's Captain's Table. What is less well-known is the fact that this Chinese restaurant with the unlikely name specialises in offerings from China's interior provinces like Xian, Yunnan and Sinjiang.188 words
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Article, Illustration88 1999-01-02 7 IT'S official. This coffee madness has gone beyond Orchard Road into suburban estates. Now the folks in Woodlands, and Malaysian day trippers, can get their caffeine fix at the newly-opened Coffee Club Xpress in Causeway Point. Located in the basement of the building in front of the88 words
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Article, Illustration173 1999-01-02 7 Tan Su Yen - Compiled by Tan Su Yen WE'RE two weeks into the fasting month and Muslims looking to treat themselves to a special breaking fast meal are heading to Scotts Road's Royal Crowne Plaza Singapore. Once again, the property owned by the Sultan of Brunei has put together a Ramadan173 words
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Article, Illustration766 1999-01-02 7 Cliff Edwards - RESTAURANT Even in tough times like these, many are still willing to fork ont a small fortune to dine at Morton's By I Cliff Edwards NYT [CHICAGO] That big-name account is up for grabs, and you've got a choice of hundreds of restaurants to wine and dineNYT - 766 words
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Article, Illustration608 1999-01-02 7 AUDREY TAN - A bland meal at Cafe Alessandro Nannini for Audrey tan comes to a happy end when coffee is served AUDREY TAN AN ITALIAN Formula One driver, at the height of his career, suffers a horrific helicopter crash which severs his right arm. The limb isSIEW YAW HOONG - 608 words
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832 1999-01-02 7 N K Yong - WINE CONNOISSEUR By N K Yong DESPITE the economic difficulties, 1998 will be fondly remembered for the many exciting new wines tasted and the old favourites re-vis-ited. First, the young wines. umiiF. The emergence of the newwave Chilean wines as a worthy contender in the832 words
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LEISURE
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Article, Illustration493 1999-01-02 8 M Yasotha - Compiled by M Yasotha MUSIC Guitar A Friends From Italy By Duo Spruzzola A Pucci In a span of 15 years, Romano Pucci and Fabio Spruzzola have presented not only original pieces for the flute and the guitar, both classical and modern, but also transcriptions and arrangements taken493 words
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Article, Illustration657 1999-01-02 8 Susan Tsang - CINEMA Why bother making a shot for shot recreation of Psycho when there are no more surprises to hold the viewer's attention? Susan Tsang GUS VAN SANT'S Psycho boasts some fascinating end credits. These acknowledge the services of a bird wrangler, a fly wrangler (yes, that's657 words
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707 1999-01-02 8 Susan Tsang - CINEMA You've got to hand it to young Matt Damon he really knows how to come np trumps By I Susan Tsang MANY aspects of Rounders will seem familiar to movie buffs. To begin with, Matt Damon (Good Will Hunting) does yet707 words
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Article, Illustration748 1999-01-02 9 Babe, Pig In Th© City. When Farmer Hoggett's (James Cromwell) farm is threatened with foreclosure, our favourite ham hurries off to the city to earn money in a publicity tour. Yishun, East point. Bride Of Chuoky. Ronny Yu (The Bride With White Hair) directs this Child's Play sequel. The748 words
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Article115 1999-01-02 9 I Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 EngWah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Golden Villaga 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina Tampines 8 Tiong Bahru Yishun OvtTSMS Movie Clementi/Co'wealtti 777-0669 Golden/New115 words
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TRAVEL
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Article, Illustration1246 1999-01-02 10 SWEE UN KAEHLIG - swee un gftßin.ro sails to some of the islands that make up the magical Moluccas SWEE UN KAEHLIG PUELLED by the Buginese spirit of adventure, our team of 12 explorers boarded our pinisi, moored at Ambon island, for the start of our four-week cruisePHOTOS BY CARL BERND KAEHLIG - 1,246 words
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Page 5 Advertisements
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Advertisement27 1999-01-02 5 We're getting bigger From next week, Executive Lifestyle will appear on Fridays in a new format that will include an expanded personal finance section called Executive Money.27 words
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Advertisement67 1999-01-02 5 Travel Magical Moluccas EL 6 COMPANY A HIGHER 2 PROFILE Publish your •mg■ ||V«aC| |pl j"* |l '"■O in the newspapers. It will be seen by over a million people. *L To advertise, call: Susan Eng 740 6160 V Florence Kang 740 616 l Judy Tan 740 6163 f Low67 words
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Page 7 Advertisements
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Advertisement11 1999-01-02 7 Cafe Alessandro Nannini Paragon, Unit *01-21/22 290 Orchard Road Tel: 738-366711 words
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Page 8 Advertisements
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Advertisement140 1999-01-02 8 Where to wine, dine and entertain... "t (olfissSSr SlftieS "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 8C Public Holiday from 12 noon spm £15.80 (Adult) £11.80 (Child) "Tunch Karaoke" on Saturday140 words
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Advertisement319 1999-01-02 8 For the months of January and February, our chefs have prepared a whole of Spanish Food to satisfy the hungry tastebuds of all Spanish hood Lovers, And at unbelievably reasonable price, too! So call us up for reservation n0w.... before they are gone POLLO EN PEPITORIA Chicken with almond sauce319 words
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Advertisement121 1999-01-02 8 Showing at all cinema chains. Rated PG. Showing at Golden Village and Shaw cinemas. Rated PG. HIGH TEa Every Saturday, IOD noon to 5.00pm Adult: $20+++ Qj Child: $12 *e»oivi«f Restaurant Reservations: *****88/58 Mtk floor --Js— Manelarin ||f Singapore 333 Orchard Road, Singapore *****7. Tel: *****11 Fax: *****61 http://www.mandarin-holel.com.sg e-mail:121 words
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Page 9 Miscellaneous
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Miscellaneous1846 1999-01-02 9 TODAY'S TV Batman Returns, Bpm, i SlS'n tok Merah (Movie). Crocodile Dundee, spm, Ch 5 bffi Climbathonl99B 430 umb jJ I e k B B ee Teddy This 1986 Australian hit his role as a neurotic pB The 1 AdventlTres of Tom shot actor Paul Hogan to crime fighter in1,846 words
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Miscellaneous256 1999-01-02 9 RADIO Watershed, BBC, Saturday, intrepid naturalists who L30pm explore the wild side of the Is planet Earth running out of globe. water? In a major new series, Andy Kershaw investigates Short Story, BBC, Sunday, the prediction that demand SJSpm for our most vital resource A woman explores the forests will256 words
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