The Business Times, 14 August 1999

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Total Pages: 20
1 20 The Business Times
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  • Title Section
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    20 1 THE BUSINESS TIMES MITA (P) 04wjaffin 85c S I.N G A P O R E Internet: http://business-times.asial.com.sg/ SATURDAY, AUGUST 14,1999
    20 words
  • Article
    Lock icon MARKET SUMMARY
    62 1 □sn 196M8 (-43.13) BT-SBI 737J8 (-16.06) SDISGI FDTDIES 2MM (-7.50) STOCK MARKET INDICES Friday Change KLSE COMP ***** +43.92 NIKKEI 17,436.1? +1120 HANG SENO 12,608.18 -171.57 SET INDEX 423.78 +259 JAKARTA COMP 667.71 -7.61 MANILA COMP —2,***** -1658 TAIPEI WPI 7,***** +296.81 SEOUL COMP 917.47 -31.88 CLSA CHINA
    62 words
  • Article
    Lock icon FINANCE
    80 1 FOREX SATES US* Si CSS 1.874 £(US$/S$ per 1.614 2.701 El!RO(US$/S$ per E) 1.067 1.786 DM 1.833 0.913 YEN 114.9 1.467 RM 3.800 0.441 HKS 7.763 0.216 BAHT 37.96 0.044 RUPIAH 7,936 0.021 'St to 100 units PRIME RATES SINGAPORE* 5.80 KUALA LUMPUR 7.25 JAKARTA 40 00 BANGKOK 10.00
    80 words
  • Article, Illustration
    Lock icon Malaysian stocks soar another 6% on MSCI news
    668 1  -  Market expected to continue climb next week; scrapping of 10% levy rumoured From Eddie Toh, Ven Sreenivasan in Singapore THE Malaysian stock market started with a bang yesterday, soaring 10 per cent, following the news that it will be reinstated in the
    Source: Bloomberg  -  668 words
  • Article
    Lock icon Dr M on index reinstatement: nobody imposes rules on us
    275 1 MSCI assumes no reversal of market liberalisation Bernama, Reuters [SEREMBAN] Malaysian Prime Minister Mahathir Mohamad said yesterday that the government will manage the country without any conditions imposed by any quarters. When asked to comment on a report that the
    Bernama,; Reuters  -  275 words
  • Article
    Lock icon HK brokers still upbeat despite weighting cut
    582 1  -  They say Hang Seng may still be poised for Q4 rally From< Quak Hiang Whai in Hongkong MORGAN Stanley Capital International's decision to cut the Hongkong stock market's weighting in its benchmark indices sent shares in the territory sliding 1.3 per cent yesterday,
    582 words
  • Article
    Lock icon S'pore shares take a hit, sliding 43 points
    401 1  -  Weak US bonds overnight add to the pressure By] R Sivanithy [SINGAPORE] Local stocks slid some 2 per cent, Malaysian stocks snot up 6 per cent and Taiwan shrugged off its China problems and surged 4 per cent, all thanks to Morgan
    401 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      150 1 WSTOE Hock Lock Siew Keppel Corp is poised to regain the bearings of a leading blue chip, Pgll Steffi Graf retires Tired of fighting a series of injuries and with all her dreams fulfilled, Steffi Graf announced her retirement yesterday, PgB Better showing Japan's economy expanded a revised 2% in
      150 words
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      Lock icon Page 1 Advertisements Column 2
      112 1 I J m jk jf p jr f Kumar brothers sentenced to a year 'H« isii| Raj Kumar: 111 I t entering the High Court yesterday FULL REPORT, Pg 4 §IVe are the same bank as before- There are no atMHSonal 1 banks to put in our numbers.^ "JL wE*
      112 words
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      34 1 Speculatfton rife KL polls will be held in Sept, Pg 2 KL central bank to meet fund managers, Pg 2 Taiwan stocks soar 4% on re-weighting, Pg 2 Tension In Taiwan Strait, Pg 6
      34 words
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      Lock icon Page 1 Advertisements Column 4
      4 1 Market reports, Pgs 16-20
      4 words
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  • MSCI REWEIGHTINGS
    • Article, Illustration
      Lock icon Speculation rife KL polls will be held in Sept
      705 2 Analysts say stocks will rise with KL's return to MSCI indices and restore 'feel-good' factor AFP, AFX-Asia (KUALA LUMPUR] As Malaysian stocks surged with the announcement of reinstatement on the Morgan Stanley indices, speculation is rife a general election will be
      AFP,; AFX-Asia; AFP  -  705 words
    • Article
      Lock icon The MSCI Index
      105 2 N l O Coital International (MSCI) indices, calculated since 1969. are performance Over 3,500 indices are consistently calculated to allow comparisons across regions, countries, and industries. Although commissioned by American investment house, Morgan Stanley, the indices are calculated and managed by Geneva-based Capital International Perspective SA. The
      105 words
    • Article
      Lock icon Fund managers don't plan quick return to KL market
      466 2  -  Variable capital gains tax makes it hard to ran portfolio H'S Wong Wei Kong [SINGAPORE] Singaporebased fund managers who had wound up their Malaysian equity funds because of capital controls say they are not planning a quick return to the market
      466 words
    • Article
      Lock icon Clob: Faster results expected with M'sia's reinstatement
      563 2  -  SIAS meets with Effective Capital about proposed offer By Ven Sreenivasan [SINGAPORE] The reinstatement of Malaysia in the Morgan Stanley Capital International (MSCI) indices could pave the way for a faster resolution of the stalemate over Malaysian Clob shares, according to market watchers.
      563 words
    • Article
      Lock icon KL central bank to meet fund managers next week
      165 2 Bloomberg [KUALA LUMPUR] Malaysia's central bank and the National Economic Action Council will meet foreign fund managers and brokerage houses next week to discuss the country's economy. The meeting comes days after Morgan Stanley Capital International said on Thursday it'll restore
      Bloomberg  -  165 words
    • Article
      Lock icon S Korea's weighting will not change till Feb
      188 2 Reuters (SEOUL] South Korea's weighting on Morgan Stanley's MSCI All Country Far East Free Ex-Japan Index would not change until the end of February 2000, a Morgan Stanley official dealing with the index said yesterday. But the official, speaking from Hongkong, said
      Reuters  -  188 words
    • Article, Illustration
      Lock icon Taiwan stocks soar 4% on raised weighting
      440 2  -  Prom Macabe Keliher in Taipei THE Taiwan stock market jumped 4 per cent yesterday on bullish news that Morgan Stanley Capital International (MSCI) will raise its index rating of Taiwan stocks' capitalisation from 50 per cent to 100 per cent. "Taiwan's weighting is
      FILE PHOTO  -  440 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Lock icon Hitachi to invest 40b yen in S'pore
      381 3  -  Most of the funds will be used to start np 256-megabit chip production By. Jennifer Lien JAPAN'S Hitachi Ltd is investing 40 billion yen (*****.6 million) in its Hitachi Nippon Steel (HNS) wafer fabrication plant this year. The bulk of this will be
      381 words
    • Article
      Lock icon Doctors can now buy medicines, supplies online
      305 3  -  Five drug firms, over 300 doctors sign up with Commerce ThrrhangP By\ Raju Chellam MEDICAL practitioners in Singapore can buy medical supplies and drugs over the Internet and have them delivered using an e-commerce service set up by home-grown Commerce Exchange. This is
      305 words
    • Article
      Lock icon CPI down for top 20% group, up for others
      219 3  -  By\ Soh Tiang Keng SINGAPORE'S top income households enjoyed lower consumer prices in the first half of this year, while those in the low and middle-income brackets experienced rising prices. But overall,inflationary pressures continue to ease in Singapore with the Consumer
      219 words
    • Article, Illustration
      Lock icon Western Digital to lay off 2,500 workers
      477 3  -  Ist batch retrenched yesterday; only high-end drives will be built here Reports by, Jennifer Lien WESTERN Digital (WD) will lay off 2,500 staff between now and December as it moves all desktop disk drive production to Kuala Lumpur, the company said yesterday. The
      GEORGE GASCON/ST  -  477 words
    • Article
      Lock icon Disk drive shipments up; revenues flat in 1999
      161 3 SINGAPORE will post dou-ble-digit growth in disk drive unit shipments this year but revenues will remain flat, the Economic Development Board said yesterday. The board, commenting on Western Digital's (WD) plans to move its desktop disk drive production to Malaysia, said demand
      161 words
    • Article
      Lock icon Call for higher interest for CPF Special Accounts
      590 4  -  Panel wants bigger share put into this account to bnild up retirement nest egg By] David Boey TO help Singaporeans build up a larger retirement nest egg, the Central Provident Fund should pay a higher interest rate that is pegged to long-term
      590 words
    • Article, Illustration
      Lock icon Kumar brothers jailed one year for CBT
      492 4 The Straits Times WEALTHY businessmen brothers Raj Kumar and Asok Kumar Naraindas were each sentenced to a year in jail for criminal breach of trust (CBT) by the High Court yesterday. This followed a successful appeal by the prosecution against the brothers' acquittal
      The Straits Times  -  492 words
    • Article, Illustration
      Lock icon Q2 surge unlikely to be repeated soon
      773 4  -  EYE ON THE ECONOMY By, Anna Teo ONE figure jumped out of the secondquarter economic survey report the 21.7 per cent annualised quarter-on-quarter (qoq) surge in gross domestic product. That's the measure of the growth momentum in the immediate past quarter. What it
      773 words
    • Article, Illustration
      Lock icon Iata: E-ticketing not aimed at bypassing travel agents
      354 4  -  It's to help process travellers with e-tickets on more than one airline By] Marissa Chew THE International Air Transport Association yesterday declared that a new central electronic ticketing system that it is developing is not intended to sideline travel agents. Replying to
      FILE PHOTO  -  354 words
    • Article, Illustration
      Lock icon June ad spending up by 0.3%
      383 4  -  Rise significant as it's seen suggesting end of down spiral By Marissa Chew ADVERTISING spending in Singapore looks set to follow the economy up, with spending rising 0.3 per cent in June compared to a year ago. However, statistics compiled by research company ACNielsen
      Source: AC Nielsen  -  383 words
    • Article
      Lock icon Home is where the ad talents are
      323 4  -  MAXLBAG Loo Teck Hai Singapore WESTERN practitioners in advertising have always claimed their supreme command of "creativity in advertising" and are of the opinion that such talents do not exist in the Asian region like Singapore and the developing countries. They attribute this
      323 words
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      79 3 V T® oKL v jH Jj^B {PERPtTUAI THINKING PHOfCCSS} INFfNEON CY-CLE f:"££•-f^r^^'ft*?' •yw<--«-;»W..-., -> i"-- c' ~-.hv •>-•' VJS£>* *2&& tV N r rr -<'- The tednroiogybusmess i$ full oftense, critical moments, limes when the gut-wrenching andimitffitriaL pressure {5 practically excruciating. Companies and careers hang on deadlines, and f ">
      79 words
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  • Page 4 Advertisements
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      66 4 1)24 ForM/MAGrade FlPi M|j| im m $12/$ l 5 /Kg 3 i:; iBII il,Cfl:lili II UrlCl ll' Deliver* Time: spm 10pm For si me fay delivery. A Order mast make before spm a Delivery within Toa Payoh, Ang Mo Kio, Hougang, Upper v Serangoon. Bishan, Potong < 'V' D N
      66 words
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      8 4 TheßijsinessTimes R IIQVVC Shipping Times a w^k a
      8 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Thai bank to test market with baht bond issue
      138 5 BANGKOK AFP THE Thai Government Housing Bank will begin its long-term, fixed-rate home mortgage programme with a bond issue worth three billion baht (Ssl32 million) to test the local market, reports said yesterday. Bank president Siriwat Phromburi said the first lot
      AFP  -  138 words
    • Article, Illustration
      Lock icon End of the road?
      73 5 [AMBON] An Indonesian military patrol trying to pass barricades in an Ambon street yesterday. Residents put up the barricades after security forces opened fire from a car to disperse a mob of about 2,ooopeople on Thursday. Religious clashes between Christians and Muslims across the island have
      REUTERS  -  73 words
    • Article
      Lock icon M'sian bank mergers could dilute foreign banks' stakes
      583 5 KUALA LUMPUR BankNegara to decide soon if these foreign firms will be allowed to raise existing holdings Bloomberg MALAYSIA'S central bank said it will move within days to set rules that will determine whether foreign banks' stakes in domestic lenders will be
      Bloomberg  -  583 words
    • Article
      Lock icon Central bank to bring in forex reporting rule this month
      236 5 JAKARTA Regulation will set out minimum sum for compulsory reporting AFP INDONESIA'S central bank will introduce a new regulation this month which will set the minimum amount for compulsory reporting of foreign exchange transactions, reports said yesterday. "It will be
      AFP  -  236 words
    • Article
      Lock icon Thai July exports Me changed year-on-year
      138 5 BANGKOK Bloomberg THAILAND'S July exports were little changed from the same month a year earlier at US$4.7 billion (557.9 billion), based on preliminary data from the Customs Department. Exports fell about 2.3 per cent from June, the first month-on-month decline in four months, based
      Bloomberg  -  138 words
    • Article
      Lock icon Top parties meet to fix game plan for November
      242 5 JAKARTA Golkar hints it is willing to work with Megawati Reuters INDONESIA'S four leading parties held separate meetings yesterday to work out strategies for November's presidential election after the ruling Golkar party hinted that it might cooperate with the main opposition.
      Reuters  -  242 words
    • Article
      Lock icon Indon watchdog to investigate Cibinong over missing funds
      283 5 DVDOIVESIAM PROBES AFX-Asia, Reuters [JAKARTA] The Indonesian Bank Restructuring Agency (Ibra) said it will undertake a due diligence study on Semen Cibinong not only as part of the debt restructuring process but also to find out whether there have been "missing" funds
      AFX-Asia,; Reuters  -  283 words
    • Article
      Lock icon IMF voices Bank Bali concerns
      288 5 SINGAPORE It expects Indonesia to complete probe soon: spokesman THE International Monetary Fund (IMF) yesterday signalled its concern over allegations of corruption surrounding an 550 billion rupiah (Ssl 15.5 million) payment by PT Bank Bali and said it expects an investigation to be concluded "in
      288 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      632 5 A BHF-BANK Aktiengesellschaft w Head Office Bockenheimer Landstrasse 10, ***** Frankfurt 2 Telex: *****6 Telephone: 4969/7184) Singapore Branch 150 Beach Road, #03-00 Gateway Wast, Singapore *****0 Telephone: 291 2177 Telex: RS ***** BhF Sf Fax: *****55 SWIFT Code BHFBSGSG CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF INCOME As of 31 December
      632 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon HK govt to launch stock fund IPO next month
      249 6 HONGKONG Move to dispose of shares bought daring market intervention Reuters (HONGKONG] The Hongkong government plans to launch an initial public offering for its planned unit trust product aimed at disposing of part of its huge stock portfolio in the second
      Reuters  -  249 words
    • Article
      Lock icon MNCs in China, Taiwan review evacuation plans
      419 6 rBNSIOM m TAIWAN STRAIT China watchers find it's virtually impossible to verify military moves AFXAsia, Bloomberg [HONGKONG] A number of multinational corporations in China and Taiwan are reviewing their emergency evacuation plans as tensions mount by the day between China and Taiwan, Bruce
      AFX- Asia,; Bloomberg  -  419 words
    • Article
      Lock icon High speed rail project to resume as row ends
      156 6 TAIPEI Bloomberg TAIWAN High-Speed Railway Corp has said it plans to resume construction on a US$ll.6 billion (5519.7 billion) bullet-train project linking Taiwan's two largest cities after resolving a dispute with the government. The corporation, formed by a group of Taiwan
      Bloomberg  -  156 words
    • Article, Illustration
      Lock icon Making a plane statement
      76 6 [TAIPEI] A Taiwan-made Indigenous Defence Fighter soaring into the skies above Taoyuan Air Base in northern Taiwan yesterday. The base will host an air show beginning today. Taiwan and its rival mainland China recently stepped up fighter jet patrols in the Taiwan Strait that separates them.
      REUTERS  -  76 words
    • Article
      Lock icon Zhu tells US senator yuan will not be devalued
      280 6 BEIJING US official says the assurance came at a Wednesday meeting Bloomberg, AFX-Asia CHINESE Premier Zhu Rongji on Wednesday told visiting US Senator Chuck Hagel that the Chinese currency will not be devalued, according to an official at the US embassy
      Bloomberg,; AFX-Asia  -  280 words
    • Article
      Lock icon Jiang signalling WTO readiness?
      362 6 BEIJING Chinese president calls for farther state sector reform AFP CHINESE President Jiang Zemin's renewed call for deeper reform of the state sector could signal a readiness to resume talks on China's accession to the World Trade Organisation (WTO), analysts said yesterday. In a major speech
      AFP  -  362 words
  • Page 6 Advertisements
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      1162 6 I Overseas Union Bank Limited I (Incorporated in the Republic of Singapore) I ANNOUNCEMENT I The Board of Directors of Overseas Union Bank Limited wishes to announce I 1 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 lUNE 1999 I The Croup The Bank I Six months ended Six months
      1,162 words
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      Lock icon Page 6 Advertisements Column 2
      3 6 Strait Talk Shippingtimes
      3 words
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  • ASIA
    • Article
      Lock icon Daewoo plans to sell electronics unit for US$3.2b
      439 7 DAEWOO DEBACLE Deal to be signed with US buyer covers most assets in Korea and abroad AFP [SEOUL] The South Korean Daewoo Group yesterday said it would sell its electronics unit to a US investment firm for US$3.2 billion (555.3 billion), in
      AFP  -  439 words
    • Article
      Lock icon Daewoo on course to sell Seoul Hilton to GMH
      177 7 SEOUL Bridge News SOUTH Korea's Daewoo Group, which is in the process of restructuring itself to reduce its 60 trillion won (5583.2 billion) in domestic debt, told Bridge News yesterday that it remains on course to sell the Seoul Hilton Hotel
      Bridge News  -  177 words
    • Article
      Lock icon Redemption of 19t won bonds limited
      261 7 SEOUL Move aims to minimise fallout from Daewoo debt crisis Bloomberg SOUTH Korean said it will limit investors from redeeming 18.9 trillion won (5526.2 billion) of bonds sold by units of Daewoo Group, aiming to minimise the fallout from a debt crisis at the
      Bloomberg  -  261 words
    • Article, Illustration
      Lock icon Walter Cronkite seeks Korea's help over Trump skyscraper
      295 7 UNITED NATIONS Reuters AMERICAN journalist Walter Cronkite has asked South Korea's president to prevail on his country's Daewoo Corporation to scale down plans with US developer Donald Trump to build the world's tallest residential tower near the United Nations. Mr Cronkite, who
      Reuters; FILE PHOTOS  -  295 words
  • Page 7 Advertisements
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      1435 7 I Overseas Union Trust Limited I (Incorporated in the Republic of Singapore) I ANNOUNCEMENT I The Board of Directors of Overseas Union Trust Limited wishes to announce I 1 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1999 I The Group The Company I Six months ended Six months
      1,435 words
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  • REGION/WORLD
    • Article
      Lock icon Japan reports even stronger Q1 growth of 2%
      644 8 TOKYO Gain in yen fuelled by signs the economy is in even better shape than expected Bloomberg JAPAN'S economy expanded a revised 2 per cent in the January to March quarter, up from an initial estimate of 1.9 per cent, adding to
      Bloomberg  -  644 words
    • Article, Illustration
      Lock icon Star-struck worlds
      80 8 [WASHINGTON] Like gluttons whose hunger increases with age, some older sun-like stars gobble up giant planets and other celestial bodies orbiting nearby, scientists reported on August 12. This is depicted in the illustration above by the US National Aeronautics and Space Administration. The tell-tale signs of stellar binging
      REUTERS  -  80 words
    • Article
      Lock icon Gazprom audit shows loss of US$7b last year
      385 8 MOSCOW Bloomberg OAO Gazprom, the world's largest natural gas producer, lost US$7.l billion (Ssl2 billion) last year as the rouble's plunge increased its overall debt burden and it set aside cash to cover securities losses. Gazprom shares tumbled as much as 14.3
      Bloomberg  -  385 words
    • Article
      Lock icon Fed on track to reverse '98 rate cuts
      538 8 WASHINGTON Market feels qnite sure of small rate rise on Aug 24 Reuters BARRING any sudden financial catastrophes, the US Federal Reserve is on an interestrate rising course that is expected to take back all three of last year's emergency rate cuts.
      Reuters  -  538 words
    • Article, Illustration
      Lock icon Hutchison denies it can control the Panama Canal
      347 8 HONGKONG Reuters HUTCHISON Whampoa Ltd yesterday rejected allegations by a US senator that it controlled both ends of the Panama Canal, saying it had no influence over the canal's operation or shipping traffic. "What has been alleged about is totally untrue and
      Reuters  -  347 words
    • Article, Illustration
      Lock icon Exit Graf the tennis player, enter Steffi the coach
      299 8 BONN Reuters TIRED of fighting a series of injuries and with all her dreams fulfilled, Steffi Graf retired yesterday secure in the knowledge she had been the greatest woman's tennis player of her generation. Still only 30, the pony-tailed blonde with
      Reuters; REUTERS  -  299 words
    • Article
      Lock icon Y2K could lead to short-term growth surge: Deutsche Rank
      580 8  -  SINGAPORE Its chief economist says Fed likely to hike rates by 25 bps By Vikram Khanna CONTRARY to expectations, the Y2K computer bug could lead to a spurt in global economic growth during the rest of this year and especially in
      580 words
    • WORLD Watch
      • Article
        Lock icon US for strong dollar, says Clinton
        114 8 Bloomberg [WASHINGTON] The US "has to be for a strong dollar", and hasn't modified its currency policy, President BUI Clinton said. "What you've seen with the dollar is partly a function of an expected recovery in Asia, and I think that cm balance, that's
        Bloomberg  -  114 words
      • Article
        Lock icon US ex-official pleads guilty
        90 8 Bloomberg [LOS ANGELES] John Huang, former executive of the Jakarta-based conglomerate Lippo Group, pleaded guilty to charges that he conspired with other employees to defraud the US Federal Elections Commission, the Justice Department said. Huang, a former US assistant commerce secretary, has been cooperating with the
        Bloomberg  -  90 words
      • Article
        Lock icon Africa beckons: World Bank arm
        112 8 Reuters fKUALA LUMPUR] Asian businesses can reap rich rewards by investing in Africa which has a track record of offering high rates of return, the programme manager of a World Bank-sponsored trade promotion forum said yesterday. "One of the fundamental reasons why Africa and Asia
        Reuters  -  112 words
      • Article
        Lock icon EU opposes tariff cut deal
        110 8 Bloomberg [WASHINGTON] European trade officials may squelch an agreement the US is pushing among the World Trade Organisation's 134 members to scrap tariffs on US$l.5 trillion (552.5 trillion) in goods before a November summit in Seattle of trade ministers. "There can be no question of
        Bloomberg  -  110 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon New lease of life for Thai film industry
      690 9 A movie about a woman who returns from the dead is helping to end the industry's slump AFP [BANGKOK] In a case of life imitating art, a movie about a woman who returns from the dead is helping resurrect the struggling Thai
      AFP  -  690 words
    • Article, Illustration
      Lock icon Getting used to Talk
      533 10  -  Tina Brown's new glossy offering can't beat Vanity Fair or The New Yorker (her former magazines) for relevance, laubadempset speaks out LAURA DEMPSEY NYT IT seems she was just warming up. Time at Vanity Fair honed her instinct for the edge and the glitz; six years
      NYT; FILE PHOTOS  -  533 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      1877 9 CRYPTIC CROSSWORD 1 One gem of a game (9) Lm katf 8 Exactly what is needed by -JH——|lK—— bus passenger (4,3,6) i I i 12 Self-assertive bishop of impetuous nature (5) fj 13 The woman's a goddess (4) 16 Fellow Frenchman gets job 15 delivering fertiliser (7) 17 Oaken growth
      1,877 words
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  • Page 10 Advertisements
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      1288 10 HEAD OFFICE SINGAPORE BRANCH 9 Quai Du President Paul Doumer ***** Courbevoie. France CREDIT AGRICOLE INDOSUEZ 6 700 Singapore u4odou Incorporated in France with limited liability, governed by a Board of MOOCAB Management and a Supervisory Board. CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF INCOME Assets at December 31) frf FRF
      1,288 words
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      70 10 iAi bt mi m /W INfr CITY THAI SHARKSffIN RESTAURANT Braised Superior Braised Superior Shark's Fm w/trabmeat 0 Ctiypot per person) Braised Whole Aha tone w/Supreme Mushroom Kai-tan Sambal Pomfret Prepared m Thai Style Cnspy Fried Golden Beancurd Baked King Prawn wA/errmce*i in Claypot Thai Style Pineapple Rice Dessert A
      70 words
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      135 10 l Ml# *f*A* "1212" LUNCH PROMOTION (From 12 noon 2.30 pm daily) Come and try our value for money "1212" lunch promotion bring at least one friend to enjoy the following special prices and discount. Id 2rt jWomrij Qrta iHiert« aaewfcr Mon Chicken Rice $8.50 $1.00 $4.25 Tue Nasi Goreng
      135 words
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      37 10 VVIGH TEa tTk^Ll i SSSS Every Saturday, Sunday -jv™ Public Holiday JQP Noon to 5.00pm Adult: $23+ \MZ Revolving Child: $15+ 39th floor I Reservations: *****58/88 5 Mandarin |JJ Singapore 333 Orchard Road, Singapore *****7 Tel: *****11
      37 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon OUB interim net surges 68% to $217m
      759 11  -  CORPORATE RESULTS Results exceed '98 net of $180.4 m; bank poised to post record fall-year profit By! Siow Li Sen [SINGAPORE] Overseas Union Bank (OUB) has turned in a sparkling set of interim results net profit grew 68.3 per cent to $217.3 million
      759 words
    • Article, Illustration
      Lock icon OUE's interim profit soars 15 times
      513 11  -  $10 .8m profit helped by cost-cutting, lower interest costs By\ Rahita Elias [SINGAPORE] Overseas Union Enterprise's (OUE) net profit jumped an astounding 15 times to $10.8 million at half-time, having benefited from cost-cutting measures, a lower interest expense and improved performances by its associates
      513 words
    • Article
      Lock icon ACI first-half profit jumps 24-fold on Asian recovery
      423 11  -  Company unveils new Internet-based business model By, Jennifer Lien [SINGAPORE] Mainboardlisted Acer Computer International (ACI), the international sales and marketing arm for Taiwan's Acer Inc, yesterday posted a 24-fold surge in interim net profit to $8.6 million as Asian economies recovered. Company
      423 words
    • Article
      Lock icon Keppel Corp set to regain the bearings of a leading blue chip
      596 11  -  HOCK LOCK SIEW Conrad Raj MANY analysts appear to have become more bullish on Keppel Corporation following its better-than-expected interim performance. The speed of Keppel's restructuring exercise also appears to have caught many by surprise. Regarded as a
      596 words
    • Article
      Lock icon Marine and industrial arms pull Pan-United H1 profit down 42%
      325 11  -  By\ Marissa Chew [SINGAPORE] Shiprepair group Pan-United Corporation yesterday reported a 42 per cent decline in interim net profit to $3.68 million as turnover from its marine and industrial businesses shrank. Revenue for the half-year ended June 30 fell by
      325 words
    • Article
      Lock icon Half-time score
      123 11 As of yesterday, 49 locally-listed companies had released their financial results for the six months ended June 30,1999. They recorded a combined $2,382LOm in group profits, up 94.®% over the same period last year. The breakdown is as follows: No with profit* 49 No with lo—— 0 M
      123 words
    • Article
      Lock icon Better Q2 lifts profit of Delifrance by 1%
      270 11  -  By I Clarissa Tan [SINGAPORE] Cafe chain Delifrance saw its net profits edge up 1 per cent to $3.9 million for the first half-year, due mainly to better profits in the second quarter. Turnover rose 3 per cent to $69.5 million. "The
      270 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Want Want to issue rights warrants
        181 12 [SINGAPORE] Rice cracker maker Want Want Holdings is planning a one warrant for 10 shares rights issue in conjunction with a US$3O million (5550.2 million) transferable loan facility (TLF). The net proceeds of U5529.5 million will be used for working capital. Want Want has
        181 words
      • Article
        Lock icon SingTel's associate Advanced Info back in the black in Q2
        395 12 Bloomberg [BANGKOK] Advanced Info Service pic, Thailand's largest mobile phone operator, returned to profit in the second quarter as an increase in new subscribers boosted revenue. Advanced, in which Singapore Telecom holds a 20 per cent stake, earned a better-than-expected
        Bloomberg  -  395 words
      • Article
        Lock icon Forex gains, oil price rise push Orogen's profit up threefold
        313 12  -  Prom] Brian Gomez in Sydney FOREIGN currency gains and rising oil prices enabled Papua New Guinea's leading company, Orogen Minerals Ltd, to post a net profit of A 548.05 million (85 million kina or 5552.3 million) in the six months
        313 words
      • Article, Illustration
        Lock icon Temasek, FairPrice taking stakes in FHTK
        408 12  -  Fruit distributor placing out new shares at 33 cts each to raise $24m By' Wong Weli Kong [SINGAPORE] Fruit distributor FHTK Holdings is placing out new shares representing 20 per cent of its existing share capital to Century Private Equity Holdings, a unit of
        FILE PHOTO  -  408 words
      • Article
        Lock icon ABR expects to be back in the black
        348 12 Changes at food outlets will help bottom line Reuters [SINGAPORE] Singapore food and beverage company ABR Holdings expects to return to profitability this year after two years of losses, its chief executive said yesterday. "For this year, we are confident that we
        Reuters  -  348 words
      • Article, Illustration
        Lock icon i-One launches e-commerce trials
        544 12  -  Major contribution not expected for 1-2 years, says CEO By' Toh Han Shih [SINGAPORE] Electronic commerce will not contribute significantly to i-One.Net International's bottom line for the next one or two years, the company's founding chief executive K K Fong said yesterday. Although i-One.Net launched its
        CHRIS LOH  -  544 words
      • Article
        Lock icon SPH plans new product for Net-savvy young readers
        565 12 Hope to sell product combining news and other content with new technologies Bloomberg [SINGAPORE] Singapore Press Holdings Ltd (SPH) has plans for a new media product that's likely to be Inter-net-based and targeted at young readers. In the next 12 months, the
        Bloomberg  -  565 words
      • COMPANY Briefs
        • Article
          Lock icon 268 Orchard Rd Tabled at $172m
          80 12 [SINGAPORE] DBS Land's 268 Orchard Road, which is being sold to public company Baronet Ltd, was valued by Jones Lang LaSalle at 1172 million on an open market value basis as at July 30. The building is being sold for $184 million based on
          80 words
        • Article
          Lock icon SPC's chairman Tan Boon Teik retires
          47 12 [SINGAPORE] Tan Boon Teik, chairman of Singapore Petroleum Company (SPC) since 1968, retires tomorrow. He will be succeeded by Choo Chiau Beng. Mr Tan will continue to be associated with SPC as a special adviser to the chairman and the board.
          47 words
        • Article
          Lock icon MHE.com in deal with GW com
          47 12 [SINGAPORE] MHE Holdings subsidiary MHE.com has entered into an agreement with GWcom Inc, a company based in Santa Clara, California. MHE.com will develop, market and sell the Planet infrastructure, compatible handsets and end devices which establish advanced mobile interactive messaging services.
          47 words
        • Article
          Lock icon Guoco converts FCC preference shares
          45 12 [SINGAPORE] Guoco Investment, a wholly-owned subsidiary of Guoco Group, has converted 5 million of Its non-redeemable convertible cumulative preference shares in First Capital Corporation. Guoco now holds 50.2 per cent of FCC's ordinary shares, up from 48.8 per cent previously.
          45 words
        • Article
          Lock icon Avimo Group gets SES nod
          47 12 [SINGAPORE] Avimo Group has said that the Stock Exchange of Singapore has given its in-principle approval for the listing of the entire issued share capital of Avimo Group pic. Avimo Group pic will become the new holding company of the Avimo Group.
          47 words
        • Article
          Lock icon Dairy Farm buys 90% of Giant TMC
          49 12 [SINGAPORE] Dairy Farm International has bought a 90 per cent stake in Giant TMC Bhd to expand its supermarket operations in Malaysia. Giant operates five supermarkets and two hypermarkets and is projecting sales in 1999 in excess of US$2OO million (***** million).
          49 words
        • Article
          Lock icon Sootts offer documents despatched
          27 12 [SINGAPORE] DBS Bank has despatched the offer document containing full details of its cash offer on behalf of Stamford Holdings for Scotts Holdings.
          27 words
        • Article
          Lock icon Broadway finalising debt revamp deal
          54 12 AFX-Asia [SINGAPORE] Broadway Industrial Group Ltd said it is finalising an agreement to restructure its debts with creditors. The documents relating to the restructuring of the company's and its subsidiaries debts as well as the extension of new banking facilities to the group are being
          AFX-Asia  -  54 words
        • Article
          Lock icon NSTP seeks nod for CAHB stake sale
          77 12 [KUALA LUMPUR] New Straits Times Press (NSTP) will ask its shareholders on Aug 30 for approval to sell its 151.2 million shares or 19.32 per cent of Commerce Asset-Holding Berhad (CAHB) for cash. At the extraordinary general meeting, listed NSTP will also seek
          77 words
    • INTERNATIONAL COMPANIES
      • COMPANY Briefs
        • Article
          Lock icon Acer plans US$400m investment
          54 13 Reuters [TAIPEI] Taiwan's leading computer maker Acer said yesterday it would invest US$4OO million (Ss67o million) in the next three years in software and digital services. It would invest US$2OO million each in setting up an intellectual property venture capital firm and a digital service company,
          Reuters  -  54 words
        • Article
          Lock icon Caterpillar's suit dismissed
          39 13 Bloomberg [CHICAGO] Caterpillar Inc. the world's largest maker of construction equipment, said a judge dismissed its suit against Deere Co over patented technology used in Caterpillar's rubber-belted agricultural tractors. It is appealing against the ruling. —Bloomberg
          Bloomberg  -  39 words
        • Article
          Lock icon Burns, Philp expects downturn
          57 13 Reuters [SYDNEY] Australian food group Burns, Philp Co released earnings forecasts yesterday showing an expected downturn. Burns Philp, which reported a net profit of A 565.9 million for the year ended June 30, expects a net profit of A 545.7 million in the current year, improving
          Reuters  -  57 words
        • Article
          Lock icon ROE of 15% harder: St George
          82 13 Reuters [SYDNEY] St George Bank Ltd said yesterday its plan to raise return on equity to 15 per cent, which included a share buyback, would be more difficult than first thought because of impending tax changes. It would unveil details of a buyback the
          Reuters  -  82 words
        • Article
          Lock icon NTT high-speed service
          63 13 Reuters [TOKYO] Japan's NTT Communications Inc said yesterday that its NTT Worldwide Network Corp unit has applied to start a high-speed digital data communications service between Japan and Australia on Aug 23. NTT Communications, the long distance and international telecoms unit of Nippon Telegraph and Telephone Corp,
          Reuters  -  63 words
        • Article
          Lock icon Texaco Inc to cut more jobs
          88 13 Bloomberg [NEW YORK] Texaco Inc, the third-largest US oil company, said it increased the number of jobs it's cutting to 2,500, or 10 per cent of its workforce, from the 1,400 estimated last year. Most of the jobs will be cut by the end
          Bloomberg  -  88 words
      • Article
        Lock icon Sony unit to start selling music over the Net in December
        486 13 Sony Music to offer new releases, past works at 200-500 yen a song Bloomberg [TOKYO] Sony Corp's recording subsidiary said it will begin selling music over the Internet in the form of digital files as early as December, becoming
        Bloomberg  -  486 words
      • Article
        Lock icon BNP, SG battle: final outcome still uncertain
        427 13 Reuters. AFP [PARIS] The first unconfirmed results of the takeover battle between French banks BNP, Societe Generate and Paribas trickled out yesterday, signalling the final outcome might rest with bank regulators. The daily Le Figaro reported that BNP, bidding for rivals Paribas and
        Reuters.; AFP  -  427 words
      • Article
        Lock icon Brawl in the offing over takeover of Reynolds Metals
        573 13 The case is a reflection of the tumult in the global aluminium industry NYT, Bloomberg [TORONTO] The prospect of a takeover brawl for the Reynolds Metals Co arose on Thursday when executives in the planned merger of Canada's Alcan Aluminium and
        NYT,; Bloomberg  -  573 words
      • Article, Illustration
        Lock icon Where Big Macs meet iMacs
        61 13 [SAN JOSE, Costa Rica] A man on Thursday connecting to the Internet using computers provided free of charge for customers at a McDonalds restaurant in Heredia, 12km north of San Jose, Costa Rica. The restaurant, which has 10 iMac computers, is the first McDonalds outlet
        REUTERS  -  61 words
      • Article
        Lock icon Apparel, houseware sales help Kmart's Q2 profit jump 44%
        199 13 Bloomberg [TROY, Michigan] Kmart Corp, the No. 2 US discount retailer, said fiscal secondquarter profit had jumped 44 per cent on higher sales of clothing and housewares. Profit from continuing operations rose to US$l34 million (***** million), or 26 US cents
        Bloomberg  -  199 words
      • Article
        Lock icon DuPont values Conoco divestment at US$21b
        168 13 Bloomberg [WILMINGTON, Delaware] DuPont Co valued the divestiture of its Conoco Inc energy unit, completed last week with its share exchange offer, at about US$2l billion (Ss3s billion). The divestiture began last year when DuPont sold a 30 per cent stake in Conoco to
        Bloomberg  -  168 words
      • Article
        Lock icon Microsoft, AOL to battle over bill payment services
        553 13 They hope to lock in consumers and promote site loyalty Bloomberg [REDMOND, Washington] Microsoft Corp, the world's biggest software maker, and No 1 Internet service America Online Inc are preparing to battle over online bill paying services as the two escalate their
        Bloomberg  -  553 words
      • Article
        Lock icon Hutchison Telecoms Australia's IPO raises A$322m
        420 13 Bloomberg [SYDNEY] Hutchison Telecommunications Australia Ltd, a cellular phone company, said it raised A 5322 million (*****.9 million) in an initial public share sale, selling stock at the top end of its indicated range, even though some investors are wary of its wireless expansion
        Bloomberg  -  420 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Low entry rates open hedge funds to small investors
        411 14 Managers use technique to boost new funds, then ask small guys to top up Bridge News [CHICAGO] It's highly unusual, but it is legal, and it has been done: allowing investors entrance into a hedge fund for U5525,000 (5541,833). While some
        Bridge News  -  411 words
      • Article, Illustration
        Lock icon Merger-related job cuts: 40% from US financial service firms
        271 14 neuters [NEW YORK] US financial service firms, consolidating to compete in an era of Internet trading and banking, lead the pack of merger-related layoffs, accounting for nearly 40 per cent of all such job cuts through July, according to a leading
        neuters; BLOOMBERG  -  271 words
      • Article
        Lock icon CSFB Australia retains role in Telstra sale
        360 14 Probe finds Japan trade ban won't affect it in Australia Bloomberg [MELBOURNE] Credit Suisse First Boston Australia will retain its role as joint global manager in an AslB billion (5519.6 billion) Telstra share sale, after a government report found a recent trading ban
        Bloomberg  -  360 words
      • Article, Illustration
        Lock icon US$ recovers lost ground against euro
        422 14 Euro/USS: Euro/USS traded lower this week touching a low of 1.0623 on Thursday from Tuesday's high of 1.0765. This move is part of the most significant correction seen since euro/US$ staged an impressive recovery off the historical low of 1.0108 seen on July 13.
        Source: DBS Bank  -  422 words
      • Article
        Lock icon BT SHARE INFORMATION SERVICE
        4381 14 NX wn EPS NobelDesIgn Mar 30 P 1.3341 0.731 Ul 0.73 D«t* TY LY TY LY NoWeGrp (USS) Mar 26 P 7.7m 0308 12L 0.10 Company ann <Sm) ($m) (eta) (ct*> Oakwell Mar 2S P 0.622 2.449 0.79 3.06 0UB Aug 13 I *****0 129.107 49.8
        4,381 words
      • Article, Illustration
        Lock icon Untitled
        1198 15 DITERBAJfK CROSS RATES Augl3 A< CSffcCwo Ffr D« HCMh Hflak Van Worn HI IpPih Nm S$ Bawd Sfr MT$ mi Hm4 VSj Australia 0.967 4.17® 0.610 4.000 1.193 5.051 ***** 51.629 0.747 7.856 2.473 1227 33.*****.587 1069 3.979 0.*****.886 24.699 0403 0251 Canada 1034 5.586 0.631 4.138 1234 5225 29.242
        1,198 words
      • Article
        Lock icon Untitled
        1734 15 SICOM FUTURES Aug 13 RU88ER (futures cIosmq as it SJOpm) RSS1 CONTRACTS cMtsAq) Oom Votaw Open Month High Low Sett (tonnes) Interest Sn» 99 92.75 1200 Oct 99 95.25 300 Mov 99 96.75 300 Dec 99 98.50 300 Jan/War 00 102.00 300 Apr/Jun 00 105.50 Jui/Sep 00 108.50 RSS 3
        1,734 words
      • Article
        Lock icon Free index and futures lower on MSCI move
        255 15  -  rnmri» Reports MS& Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market turned south following Morgan Stanley Capital International's move to reinstate Malaysia and upgrade Taiwan's weighting in its widelyfoUowed portfolio indices effective February 2000. The news dampened the market as
        255 words
      • Article
        Lock icon Futures surge on MSCI weight decision
        168 15  -  MSCI Taiwan ftitures Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures surged yesterday after Morgan Stanley International Inc announced on Thursday that it would count Taiwan stocks at fuU weight its portfolio indices from February 2000. The news came at a
        168 words
      • Article
        Lock icon Oil prices resume uptrend
        219 15 ENERGY REPORT Reuters [LONDON] Oil prices remained buoyant yesterday after a brief bout of speculative selling petered out. London September futures for UK Brent crude rose 35 US cents on the day to U5520.84 a barrel, close to a 22-month high set on Wednesday. Dealers said
        Reuters  -  219 words
      • Article
        Lock icon CURRENCY REPORT
        326 15 Reuters London THE US dollar ended the week in Europe on a bullish note as markets welcomed US statistics which showed weak inflationary pressures and pointed to a minor monetary tightening later this month, analysts said. The dollar turned around after the currency fell overnight against the yen
        Reuters  -  326 words
    • Article, Illustration
      Lock icon HONGKONG
      1394 16 AFP Q Hang Seng -17L57 HONGKONG share prices fell 1.3 per cent yesterday with investors wary of US producer price figures being released later and the likely downgrading of the market here in global portfolios, dealers said. "Investors are not willing to open fresh positions ahead of the release
      AFP  -  1,394 words
    • Article, Illustration
      Lock icon CHINA
      602 16 AFP, Reuters Shenzhen B Index -0.69 SHENZHEN'S hard currency B shares ended lower in slow trade yesterday, coming under pressure from a sharp fall in Hongkong stocks amid a lack of fresh market-moving domestic news. The B Index fell 0.69 points, or 0.78 per cent, to close at 88.26
      AFP,; Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  602 words
    • Article
      Lock icon TAIPEI
      349 16 AFP QWP Index +286.81 TAIWAN share prices surged across the board yesterday after Morgan Stanley Capital International announced it was raising the weighting of Taipei stocks on its influential indices from next February. "Foreign fund managers are adjusting their portfolios after MSCI's major increase in the weighting of Taiwan
      AFP  -  349 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2294 16 LONDON Industrials »Htt Poend 3i Group 8.08 0.10 Abbey National 10.38 0.21 A B Food! 4.09 0.02 A B Poets 3.01 0.13 AstraZenece 22.44 0.36 ANiance t Leicester 8.00 0.18 Allied Domecq 5.57 -0.05 Allied Zurich 7.13 0.21 Anglo American Gold 43.70 unch ASDA Group 2.20 -0.01
      2,294 words
    • Article
      Lock icon TOKYO
      1643 16 AFP Ollikka22s ♦ttjQ SHARE prices in Tokyo closed 0.1 per cent higher yesterday as investors snapped up key stocks after Japan revised up growth figures for early this year, brokers said. The Nikkei 225 Index on the Tokyo Stock Exchange gained 12.20 points to close at 17,435.17. The Topix
      AFP  -  1,643 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares up 6% more on MSCI reinstatement news
        426 17 AFP Fl Composite Index +4342 MALAYSIAN share prices soared 6 per cent yesterday after Morgan Stanley Capital International announced it was reinstating the Kuala Lumpur stock market on its closely-watched indices. "This is what we have been waiting for and it is
        AFP  -  426 words
      • Article
        Lock icon Untitled
        8725 17 INDUSTRIALS Consumer protects 1999 Last Vol Day Net Cap Hm> Low Canipa«Y Sato 'OOP wm> Law PH $mH 440 255 Ajinomoto 310 19.7 125.6 174 46 Anqkasa 106 unch 1218 112 101 156.3 404 220 Apollo Food HK) 320 8 2 8 330 320 11.1 128.0 294 115 Berjaya Land
        8,725 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon Pernas 2005: price, time in its favour
        185 18  -  WARRANT WATCH -By R Sivanithy GIVEN the turmoil in local stocks and the rising Malaysian market, it might be a good idea to keep our focus there for a while longer. As always, our criterion is to look for low-priced warrants which offer
        185 words
      • Article
        Lock icon Untitled
        2176 18 BONOS. LOANS t WARRANTS in 52-Wk Last Vol Oay Last Ouot* Ayq Nigh Low Stne Company Sato *or- (OOO) High Low Buyor Sollor Prko 104 3 3160 "Acer ******1USS 43 *5 5 545 43 37 5 42 43 80 4.5 S 3164 Acma W*****4 31 -1.5 159 32 30 31
        2,176 words
      • Article
        Lock icon CLOB INTERNATIONAL
        221 18 HONGKONG STOCKS Or Or 52-Wk Lwt VM Day LMt Owttt OK Otv YN M MC« High L«w Stnc Company S«H COOO) Hl» L—r Buyr S—r Cm W Sinn 365 173 5123 COL (2000) HK 277.5 265 8 3.7 2.9 9.4 5490.2 5124 C«thayP«c20cHK_720 265 2.1 7A 6 *****.4
        221 words
      • Article
        Lock icon WELLINGTON
        289 18 AFP Q Wellington +L2l NEW Zealand share prices closed yesterday up 0.1 per cent in lacklustre trade, dealers said. Telecom Corp underpinned an otherwise "highlightless" market. The NZSE-40 Index rose 1.21 points to end the week at 2,166.01 points, on turnover of NZ$5B.5 million. AFP MS (000) Advantage HQS
        AFP  -  289 words
      • Article, Illustration
        Lock icon BANGKOK
        858 18 AFP PI set Index *129 THAI share prices rose 0.5 per cent yesterday on bar-gain-hunting in banks and telecommunications stocks after recent losses, dealers said. Buying interest in banks, particularly Krung Thai, helped the market reverse earlier losses, said National Securities analyst Niwat Vichiennukul. He said investors returned to
        AFP  -  858 words
      • Article
        Lock icon SEOUL
        410 18 AFP Q Composite Index -3LBB SOUTH Korean share prices closed 3.4 per cent lower yesterday on investment trust fund selling amid fears over potential cash calls sparked by the Daewoo Group crisis, dealers said. The drop reflected concerns over a potentially huge run on investment trusts, dealers said. Investment
        AFP  -  410 words
      • Article
        Lock icon SYDNEY
        667 18 AFP Fl All Ordinaries ■»14j8 AUSTRALIAN share prices closed yesterday up 0.5 per cent after a strong performance by the resources sector, brokers said. The Australian Stock Exchange's All Ordinaries Index ended 14.8 points higher at 2,958.8. The All Resources Index surged 54.4 points, or 4.14 per cent, to
        AFP  -  667 words
      • Article, Illustration
        Lock icon JAKARTA
        700 18 AFP CI Composite Index -7.51 INDONESIAN share prices slipped 1.3 per cent yesterday with most investors sidelined amid an investigation into a suspicious commission payment by Bank Bali, dealers said. A dealer with a regional brokerage said the investigation was encouraging most foreign investors to bail out of the
        AFP  -  700 words
      • Article
        Lock icon MANILA
        322 18 AFP n Manila -1(158 PHILIPPINE share prices closed 0.76 per cent down yesterday on fears about worsening law and order and controversy over proposed changes to the constitution, analysts said. The Philippine Stock Exchange shed 16.58 points to close at 2,170.99 Turnover was slim at 993.9 million shares worth
        AFP  -  322 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6945 19 Transaction (late Atu; 13 J Or Of M Wt L 2 Last V*4 Day LastOuata Mv 0* YM Nat Cm Avg Law St No Company Sala COOP) High Law 0uyar U—r C'vr P/t »mfc Prtca MULTHNDUSTRY 182 17.5 m b 1000 Acma 50c 119
      6,945 words
    • Article
      Lock icon SESDAQ
      1472 19 Or Or M wt 32-Wk Laat Val Day LMt Ouvtt Oh Dk YN M c«a Ar* 1— WW Cia»M| «H COOP) MN> U» Onyar 8a8ar CV Ptl f Ertea 218 30 C 2049 AS Auto Kk 174 -6 303 177 172 172 175 10 N 0.6 190.7 174 137
      1,472 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Lock icon Untitled
        403 20 Stocks Volume Asm FoodSProp US$ 15,060,000 Hotunq In* MT5 11,595,000 GES Intl Ltd 20c 9,111,000 'Genting Int 8,919,000 SingTel 15c 0,023,000 NOL 6,975,000 Del Monte USIc 5,439,000 IPC Corpn 5c 5,360,000 Golden Agri USIOc 5,144,000 Liang HuatWt 4,289,000 Stocks OCBC Foreign 45,514,180 DBS Foreign 40,769,995 SPH 33,689,150 City Oev 50c
        403 words
      • Article, Illustration
        Lock icon Confusion over MSCI's index rejig drags shares down
        589 20  -  STOCK MARKET COMMENTARY Sentiment also hit by poor US bond market, cantion over US producer data and China-Taiwan tension By R Sivanithy THERE was turmoil in the market yesterday as investors reacted to Morgan Stanley Capital International's decision to rejig its Far
        589 words
      • ON THE GRAPEVINE
        • Article
          Lock icon Careless whisper
          109 20 MALAYSIA Airlines chairman Tajudin Rami i was visibly agitated at a press conference cm Thursday when he was grilled by reporters on the national carrier's poor performance and its huge debt overhang. He managed to brush off many questions and even threatened to sue journalists for posing the
          109 words
        • Article
          Lock icon The UOB approach
          123 20 THERE was a time when analysts griped about OCBC for its reticence. All that changed after Alex Au took over at the helm of that bank. Now the subject of analysts' unhapplness is UOB. Analysts phoned BT newsroom yesterday to complain that while all the other local
          123 words
        • Article
          Lock icon 'You can do more' online
          71 20 MICROSOFT Singapore will launch a new Web site tomorrow called "you-can-do-more" to teli stories of how technology has touched Singaporeans in all walks of life. The site will launch with seven Inspirational stories, but more will be added later. Microsoft said it will also donate
          71 words
        • Article
          Lock icon Only married stewardesses eligible
          115 20 WHAT can an airline do If its stewardesses keep disappearing at the country of destination? According to news agency AFP, which cited a Hongkong newspaper, a Chinese airline has come up with a novel way of cutting down on runaway staff on its US route. China
          115 words
      • Article, Illustration
        Lock icon HOT STOCK
        65 20  -  By Wong Wei Kong DATAPULSE Technology shares rose 3.5 cents yesterday to $1.01 on a volume of 4.16 million shares, compared with its 10-day traded average of 3.01 million units. While the stock was one of only a handful on the most active list to gain, the technical
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