The Business Times, 21 August 1999

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Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    11 1 TheBusinessTimes mita(P) Q 85c SINGAPORE Internet: http://business-times.asial.com.sg/ SATURDAY, AUGUST 21, 1999
    11 words
  • Article
    Lock icon MARKET SUMMARY
    53 1 O 1067.42 (+17.40) OnM(+».is) f^smscinmjiEs UaBuo(+2.so) Friday Change KLSE OWIP 7ttJ8 +4J4 WKKEI 18,096.11 —+118J7 HANG SENG ll.Mf.74 +10.16 SET INDEX ***** ♦H§1 JAKARTA OOMP —§7*17 -6*8 KANILACOMP _ZWM7 TAIPEI WPI 8,***** +162.75 MXIL COMP 878J9 +711 CLSA CHINA B M44«__-4J8 AUST ALL ORD —1,026.4 -1.7 NomEOT Change
    53 words
  • Article
    Lock icon FINANCE
    68 1 FUBEX RATES 1)81 8| UW 1J7* £(US$/S$ per 1622 1718 EUR0fU8t/8# per E) 1.067 1.788 DM 1.833 0J14 YEN 1IU 1J04 M- 19N 1441 BO 7.704 0116 IMTT J8J7 1944 RUPIAH 7.4M 1022' •strnmim* RUE RATES SINGAPORE* M9 KUALA LUMFUlt J 716 JAKARTA 40.00 BANGKOK f 10.00 MANILA U.»
    68 words
  • Article, Illustration
    Lock icon Beijing shaking up top brass at its red chip companies
    1099 1  -  Analysts see move as part of plan to root ont inefficiency and graft From Quak Hiang Whai in Hongkong AFTER a series of recent high-profile collapses and scandals, Beijing now appears determined to revamp the managements of red chip companies
    1,099 words
  • Article, Illustration
    Lock icon Japan poised on new wave of mega bank mergers
    1029 1  -  From. Anthony Rowley in Tokyo JAPAN'S decision to lift a prohibition on holding companies introduced when bank-centred industrial groups known as zaibatsu were broken up after the war has opened the door to what looks like a wave of giant banking
    1,029 words
  • Article, Illustration
    Lock icon Senior execs find retrenchment a blessing
    355 1  -  Survey of 113 execs shows salaries went up 22% in new jobs By. Marissa Chew [SINGAPORE] Senior executives who were retrenched last year found not just light, but also a pot of gold, at the end of the tunnel their median salary rose by
    Source: DSM Asia Pacific  -  355 words
  • Article, Illustration
    Lock icon Strong July trade gives electronics stocks the buzz
    841 1  -  Numbers offer further confirmation of exports recovery By' Wong Wei Kong, Jennifer Lien [SINGAPORE) Singapore's non-oil domestic exports (NODX) grew 12 per cent to $8.49 billion in July on the back of a recovering electronics industry, sending the electronics stock index rising
    Source: Bloomberg  -  841 words
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      Lock icon Page 1 Advertisements Column 1
      128 1 uimide With creditors planning to dismantle the chaebol the hard part of seeking buyers for its many businesses is only just beginning, Pg 8 Two far the Uac Two Cairnhill properties are headed for enbloc sales, totalling at least $50Qm, Pg2 v"* 5r *''SeP/. lifcp' Ipco International is undergoing a
      128 words
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      Lock icon Page 1 Advertisements Column 2
      63 1 61 owe my degree in Economics to the Internal Security Department. Ho Kwon Ping, president of the VVah Chang Group and chairman of Singapore Power. tells how economics and his brush with the Internal Security fp■ f. Department shape his ill business I i m i outlook Full report, w
      63 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Two en bloc sales worth at least $500m coming up in Cairnhill
      483 2  -  Cairnhill Court may fetch $300m-s3som; Elizabeth Hts may go for $200m-s2som By Carol Eng A COUPLE of en bloc sales with a price tag totalling at least $500 million are on the boil in the Cairnhill area. First
      Photos by ARTHUR LEE  -  483 words
    • Article, Illustration
      Lock icon Exports catch up with output
      655 2  -  EYE ON THE ECONOMY By. Anna Teo WITH July's robust trade figures, the recent divergence between recovering manufactured output and still-weak exports looks to have closed. And the stream of strong economic figures should continue in the coming week with the July industrial output numbers.
      Source:  -  655 words
    • Article
      Lock icon Cycle & Carriage on that Keyless Go
      374 2  - Cycle Carriage on that Keyless Go MAXLBAG Loretta Lee Manager Public Relations Cycle Carriage Industries (1986) Pte Ltd WE refer to the letter, "No application for keyless entry system: TAS" (Mailbag, Aug 17), and your article "It's a no from the authorities for Keyless Go" (Motoring, Aug 12). Firstly, we
      374 words
    • Article
      Lock icon Changes for expiring warrants? State rules of the game upfront
      812 2  -  Lim Guan Hua Singapore via Internet I WOULD like to respond to R Sivanithy's Hock Lock Siew column, "Expiring warrants deserve a new lease of life" (BT, Aug 20). If a group of unrelated warrant holders wants to pay $1.28
      812 words
    • Article
      Lock icon Haw Par: Unfair to say we're secretive
      205 2  -  Ong Li Peng Manager (Corporate Affairs) Haw Par Corporation Ltd I REFER to Yeo Seng Chong's letter on Haw Par Healthcare (BT, Aug 12). We thank Mr Yeo for acknowledging our prudence, which has enabled the company to show earnings improvement in a
      205 words
    • Article
      Lock icon Processing of rights issues needs more time
      216 2  -  Soh Sun Oh Public affairs manager Stock Exchange of Singapore Ud WE refer to Denis Distant's letter, "Why does it take two weeks to list rights shares?" (BT, Aug 7). He asked why it takes longer to list rights shares than IPO shares.
      216 words
    • Article
      Lock icon Auction sees 9 sales despite ghost month
      326 2  -  By< Corinne Kerk IT looks like hungry ghosts are not as scary as before, judging by Knight Frank's success in selling half the 17 properties that were put up for auction on Thursday. Altogether, nine properties were sold over two sessions which drew
      326 words
    • Article
      Lock icon Govt issues guidelines on gene-modified products
      222 2  -  By\ Raju Chellam THE government has issued guidelines on the import of agricultural and food products derived from genetically modified organisms (GMOs) to ensure that their use does not endanger public safety. These guidelines come the Genetic Modification Advisory Committee (GMAC), which was formed
      222 words
    • Article
      Lock icon NTUC redevt will bring Downtown to Pasir Ris
      364 3  -  Mix of food outlets, family and night entertainment spots to add vibrancy to revamped resort By\ Soh Tiang Keng STARBUCKS Coffee, Burger King, seafood restaurants, pubs, discos and computer games will be part of the food and entertainment zone of the NTUC
      364 words
    • Article
      Lock icon S'pore won't be hit by staff cuts at Quantum Corp
      335 3  -  By, Jennifer Lien US-BASED disk drive maker Quantum Corp plans to lay off 750 to 800 staff worldwide, but a spokesman said yesterday that its Singapore workforce would not be retrenched. "The Asia-Pacific is not affected at all, we are
      335 words
    • Article, Illustration
      Lock icon OUB to offer online stocks trading
      327 3  -  Service provides homepage customised to investor's needs By I Siow Li Sen OVERSEAS Union Bank will launch securities trading on the Internet next week as part of its IT initiatives unveiled yesterday under the next phase of its $300 million technology plan. OUB president
      CHRIS LOH  -  327 words
    • Article
      Lock icon Grandlink Square builders to finish project
      197 3 Charterstar agrees to have it ready for TOP by end-Oct GRANDLINK Square's main contractor Charterstar Regional Development has agreed to complete the project and have it ready for temporary occupation permit inspection by the end of October. The project's receivers, Michael Lim Choo San
      197 words
    • Article, Illustration
      Lock icon The advantage of economics
      1081 3  -  Properly taught economics gives a good grounding for understanding the link between human behaviour and events By: Ho Kwon Ping Mr Ho is president of the Wah Chang/ Thai Wah Group. He is also chairman of Singapore Power, Singapore Institute of Management and Singapore Management University.
      FILE PHOTO  -  1,081 words
    • Article
      Lock icon 12 firms awarded approved trader status
      166 3 THE Singapore Trade Development Board (TDB), which is conducting a comprehensive survey on the manpower needs of the international trading sector, yesterday gave awards to 12 companies. Speaking at the awards ceremony, Trade and Industry Minister George Yeo said that to develop the full
      166 words
    • Article
      Lock icon Corrections and clarifications
      53 3 IN the story headlined "June retail sales volume up 22%" yesterday, we said that motor vehicle sales rose 7.3 per cent in May. This is incorrect. Based on revised data from the Department of Statistics, motor vehicle sales rose 25 per cent in May. We are sorry
      53 words
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  • THE REGION
    • Article
      Lock icon Habibie may face no-confidence motion over Bank Bali scandal
      373 4 JAKARTA Golkar faction wants probe team to deliberate proposal against President Bloomberg AFP INDONESIA'S "Baligate" took another twist yesterday when a ruling party faction asked a parliamentary committee to deliberate a proposal for a no-confidence motion against President B.J. Habibie over
      Bloomberg; AFP  -  373 words
    • Article
      Lock icon Problems at Krung Thai Bank could hurt economy: Chuan
      381 4 BANGKOK Reuters THAI Prime Minister Chuan Leekpai has said the problems at state-run Krung Thai Bank (KTB) could escalate and damage the economy, the Bangkok Post said yesterday. The daily said Mr Chuan had demanded that the chairman of the bank
      Reuters  -  381 words
    • Article
      Lock icon No official word from KL on bridge: S'pore
      428 4  -  But Bernama says talks now on to replace Causeway From] Eddie Toh in Kuala Lumpur SINGAPORE said yesterday that it has not received any official proposal from the Malaysian government on the building of a bridge linking the Republic and Johor. The
      428 words
    • Article, Illustration
      Lock icon Protest against Estrada's plan to change constitution
      358 4 MANILA Reuters TENS of thousands of people demonstrated yesterday against Philippine President Joseph Estrada's plans to amend the constitution but many more showed up at celebrations organised by a supporter of the administration. Financial markets were upbeat, however. The main Manila stock index
      Reuters; REUTERS  -  358 words
    • Article, Illustration
      Lock icon Natwest analyst warns of 15% yuan devaluation
      537 4 NEW YORK Deflation and poor economic growth will prompt the move Reuters, AFP A NATWEST Global Financial Markets analyst said he told bank clients in a telephone conference call on Thursday that deflation and poor economic growth may prompt China to devalue its
      Reuters,; AFP; XINHUA  -  537 words
    • Article
      Lock icon China car plant talks still ongoing, says Mahathir
      146 4 KUALA LUMPUR Bridge News MALAYSIAN Prime Minister Mahathir Mohamad said negotiations with Chinese authorities to set up a car plant in China had not been concluded, official news agency Bernama reported yesterday. Malaysia's national car manufacturer, Perusahaan Otomobil Nasional Berhad (Proton), plans
      Bridge News  -  146 words
    • NOTE Book
      • Article
        Lock icon Anwar prosecutors rest case
        57 4 Reuters [KUALA LUMPUR] Prosecutors in the sodomy trial of Malaysia's Anwar Ibrahim yesterday rested their case after 46 days of lurid testimony that underscored the gaping divide between the jailed former minister and the government Attorney-General Mohtar Abdullah told the capital's High Court the prosecution would
        Reuters  -  57 words
      • Article
        Lock icon Fewer KL banks in Klibor fix from Sept
        99 4 Reuters [KUALA LUMPUR] Malaysia's central bank will cut the 'i number of banking institutions contributing to the fixing of interbank rates from next month in tandem with the ongoing consolidation of the industry. But dealers said the move would have little impact
        Reuters  -  99 words
      • Article
        Lock icon Habibie to visit KL on Wed
        62 4 Bernama [JAKARTA] Indonesian President B J Habibie will be in Kuala Lumpur on Wednesday for a one-day visit, a State Palace official said yesterday. He will hold talks with Malaysian Prime Minister Mahathir Mohamad on various issues of mutual interest. The official said the
        Bernama  -  62 words
      • Article
        Lock icon Telkom posts 1.5t rupiah interim profit
        74 4 AFP [JAKARTA] State telephone monopoly PT Telekomunlkasi Indonesia (Telkom) made a net profit of 1.473 trillion rupiah (Ss33o million) for the first half compared to a net loss of 1.176 trillion in the same period last year, the firm said yesterday. Net sales were
        AFP  -  74 words
    • Article
      Lock icon Taiwan economy grows 6.5% in second quarter
      398 5 TAIPEI Electronics exports fnel growth, which is fastest since Q***** Bloomberg, AFP BOOMING electronics exports pushed Taiwan's economy to a 6.5 per cent expansion in the second quarter, better than economists expected, and prompted the government to boost its forecast for 1999. The
      Bloomberg,; AFP  -  398 words
    • Article
      Lock icon China investment approvals down 36%, says Taipei
      381 5 TAIPEI Reuters, AFP TAIWAN said yesterday approvals for Indirect investment in China dropped 36.22 per cent in the first seven months of 1999 compared with a year earlier, in part reflecting persistent political tensions with its rival. The commission approved 256 investment projects
      Reuters,; AFP  -  381 words
    • Article
      Lock icon Debt-equity swaps may clear 200-300b yuan NPLs: banker
      380 5 BEIJING This is lower than L2tynan media estimate under plan to rescue state firms Reuters CHINA may be able to clear a total of 200-300 billion yuan (5540.3-60.4 billion) in bad debts in the banking system under a debt-for-equity scheme being pushed
      Reuters  -  380 words
    • Article, Illustration
      Lock icon Opening soon: Chinese portal to e-auction
      75 5 [BEIJING] William Ding, 28, CEO of Chinese Internet company Netease, yesterday holding up national flags during a test run of his Web site's new electronic auction service. The Internet portal, which has 1.4 million registered users, plans to launch China'sfirst electronic auction service next
      REUTERS  -  75 words
    • Article
      Lock icon Consumers smile at supermarket war
      661 5  -  Bx-QlordflJin cMtf Jimmy Tjl ahafcoft up TTW bndlWS LBRBRFBOM HOMOEONO By Quak Hiang Whai AS a foreigner living in Hongkong, I have often wondered why I have not really benefited from the supposedly deflationary environment here. The economy is supposed to have gone on a
      661 words
    • Article, Illustration
      Lock icon Stronger yen sees Aussie unit slip
      398 5 SYDNEY Investors getting ont of the currency, says trader Bloomberg THE Australian dollar hovered near a four-month low after tumbling 2.6 per cent against the US dollar this week and may decline further as investors sell the currency for the strengthening Japanese yen. Concern
      Bloomberg  -  398 words
    • Article, Illustration
      Lock icon Australian income taxes could be cut further: PM
      312 5 CANBERRA Reuters AUSTRALIAN Prime Minister John Howard said yesterday the government could cut income taxes further with the sale of state-controlled telecoms carrier Telstra Corp, if the economy remained healthy. "If we do well economically, then there can be more relief," Mr
      Reuters  -  312 words
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  • FOCUS: MALAYSIA
    • Article, Illustration
      Lock icon Changing of guard in Corporate Malaysia
      1325 6 As new faces take up the helms at the country's largest companies, some observers question the appointments Bloomberg MALAYSIAN Plantations Bhd, until recently an obscure golf resort manager, is living proof that political connections still rule the roost in Malaysia. The company added to
      Bloomberg; FILE PHOTO  -  1,325 words
  • SHIPS IN PORT
    • Article
      Lock icon CONVENTIONAL WHARVES
      380 6 VossoJ Voy Mo Brtu Anrlirol Dopwtyo Urtouli a hwW7 J* 20/00/0*5 21/00/640 ***** JOI 20/00/040 20/00/2040 Srwtacmt I J23 20/04/13:45 25/00/140 flwoFi MOM M 20/00/1135 21/00/040 Hiwur em JOI lo/ovaas 20/00/030 Hire 23-99 JB 20/00/040 20/00/2339 tttarM *06-23 JO) 20/W/B30 20/00/2359 M Ma 6ti S7 *06-19 JOI 2C/00/M10
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    • Article
      Lock icon CONTAINER SCHEDULES
      1336 6 ■ECQVMGOFEXPORTFCL CONTAINERS AND LCL CARGO ■eettn/Mwce tstis SWp Vo1 Wo EtM/ltr NrMM Fr— T» frm taMU «U 22/1500 M 2>/BM 2WHM MMM V 20/BM NWV 20/1900 a 20/1700 worn rvowo a 2MN IMMI 2VOOOO 1 MM 2VW 2VM00 4 2VHOO 2VMM IV17M mtan OBf 2VM0 i MN M»
      1,336 words
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  • REGION/WORLD
    • Article
      Lock icon Fears rise of weak dollar pushing up interest rates
      333 7 NEWYORK But analysts are divided over the impact it will have on equities Bridge News THE fall in the US dollar against the yen and the euro this week has unnerved equity investors who fear that the flagging exchange rate will
      Bridge News  -  333 words
    • Article
      Lock icon Bank of New York leader in Russian stock sales abroad
      446 7 MOSCOW Bloomberg THE Bank of New York Co, which is aiding a US probe of suspected Russian money laundering through its accounts, has been the leading bank in managing sales of East European stocks in the US and Western Europe.
      Bloomberg  -  446 words
    • Article
      Lock icon US$100b left US in 1998: expert
      323 7 NEW YORK Banks give finance for trades above or below market valne Bridge News COMPANIES and individuals moved more than US$lOO billion (*****.6 billion) out of the US last year, either to launder money from unlawful activities or to avoid paying taxes, a money
      Bridge News  -  323 words
    • Article, Illustration
      Lock icon Once-upon-a-dress
      84 7 [BEVERLY HILLS] Marilyn Monroe's famous 'Happy Birthday Mr President' dress is displayed on Thursday at the Christie's Auction House in Beverly Hills, California, as part of a preview of the movie star's personal items that will be offered during an upcoming Christie's auction in New Yorkon Oct27-28,1999. The rhinestone
      AFP  -  84 words
    • Article
      Lock icon BASF closer to 5b mark China petrochem plant
      179 7 BEIJING Reuters BASF AG is a step closer to building a five billion mark (554.6 billion) petrochemical complex in China which would constitute Germany's largest-ever investment in the country, a company executive said yesterday. "We have nearly finalised the feasibility study," the
      Reuters  -  179 words
    • Article
      Lock icon US trade gap may rattle Fed, Treasury
      528 7 WASHINGTON Reuters A MASSIVE surge in the trade deficit is likely to spur fresh concern among US policymakers about the strength of the dollar and may bolster the case for a rise in interest rates by the Federal Reserve next week. Analysts said
      Reuters  -  528 words
    • Article
      Lock icon Bush has a long way to go
      1017 7  -  Ufll I HE FROM WASHnrOTOM Ignore the conventional wisdom. Presidential polls An more than a year away and anything on lumpen before that By Leon Hadar TWENTY years ago, while studying at the school of journalism at Columbia, I joined other members of
      1,017 words
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  • DAEWOO DEBACLE
    • Article, Illustration
      Lock icon Daewoo: rags to riches to scrap
      1078 8 With creditors planning to dismantle the chaebol, the hard part of seeking buyers for its many businesses is only just beginning The Economist [SEOUL] THE story of the creation of Daewoo was also the story of the rise of South Korea. Over just three
      The Economist; FILE PHOTO  -  1,078 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      211 8 Where to wine, dine and entertain...'t @>fiss«r SISSSmSL. pfß^ i IWLCI mii IM "Tunch" is the best for lunch and high tea rolled intoj one. Which means longer serving hours and even more scrumptious spreads. Tunch" from 12 noon 4.30pm *15.80 (Adult) *11.80 (Child) "lunch Karaoke" from 12 noon Bpm
      211 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 2
      224 8 Krl BYr city thai sharksiin restaurant Braised Superior Brand Superior Shark's fin wCrabmeat (1 at#* per ptnon) Braced Whole Abator* YWSupreme Mushroom K*4an Sambal Pomfret Prepared in Thai Style Crispy Fried Golden Beancurd Baked King Prawn WUermiceft in Claypot Thai Style Pineapple toe Dessert A Choice of Sweetened Tapioca vtfresh
      224 words
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      Lock icon Page 8 Advertisements Column 3
      70 8 —i <r 1' 'J.'i L B| COURT DINING At Pine G>urt Chinese Restaurant LUNCH 12 noon 2.30pm DINNER 6.50pm 10.30pm Reservations: 831-6262 I MvAtftm Su^fOfwrr fflhk 113 OrcK»rd Road. SmfMton 23(8*7 Tel: 7J7 4411 Fax: 7)2 23«1 I I You will find it all here ar Wine, Dine and Entertain.
      70 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Allende seduces men with tales
      194 9 PEOPLE Men she seduces with her stories most be in their 60s [AUCKLAND] Best-selling Chilean author Isabel Allende claimed on Thursday that she could seduce any man with her writing. Allende, 57, here to promote her latest book, Daughter Of Fortune, achieved international fame in
      FILE PHOTO  -  194 words
    • Article, Illustration
      Lock icon Britain thirsty for organic beer
      632 9  -  The public has become more concerned over food safely, says MATTHEW GREEN MATTHEW GREEN SAVING the world may be the last thing on most people's minds when they reach for a beer, but growing numbers of Britons are unwinding with a planet-friendly tipple. Supermarkets say
      632 words
    • Article, Illustration
      Lock icon Selling excitement
      1207 10  -  Expect tycoons and testosterone at next week's auction of exceptional cars, especially when the Ferraris roll out, says WHMDTMOOMAM WENDY NOONAN NYT WHILE no personal trainers are expected, an auction next weekend at Pebble Beach, California, may give new definition to the term "body beautiftil". There will be
      NYT; FILE PHOTO  -  1,207 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      1748 9 CRYPTIC CROSSWORD 1 Expose to discipline (7) 5 Premier takes a Russian lead- HH er to church (4) is a luxury (8,7) 10 Feel sure Henry has a j^H 11 In America musicians honour French IS Pious man in Leith disquieted by knightly the fingers (7) 19 Small serving of
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      850 10 HARIMAU INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Harimau Investments Limited wishes to make the following announcement: 1. UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1999 GROUP COMPANY Six Months Ended Incr/ Six Months Ended Incr/ 30.06.99 30.06.98 (Deer) 30.06.99 30.06.98
      850 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Ipco embarks on major restructuring
      571 11  -  Firm seeks to be toll-road operator; undergoes coital reduction exercise Conrad Raj [SINGAPORE] Infrastructure contractor Ipco International jL is undergoing a major resStructuring exercise, the first fe since control of the company passed to Indonesian stockbroker Purwadi following a bitter struggle in May with former
      571 words
    • Article
      Lock icon C&C expected to post more than $37m interim profit
      560 11 Recovery of car market and lack of provisions cited AFX-Asia [SINGAPORE] Cycle Carriage Ltd is expected to announce first half net profit before extraordinaries of $37-41 million on Wednesday against a loss of $21 million a year earlier, with earnings buoyed
      AFX-Asia  -  560 words
    • Article, Illustration
      Lock icon FCC sells Kovan Centre at $6m loss
      175 11 [SINGAPORE] First Capital Corp (FCC) is selling its interest in Kovan Centre at a loss of $6 million. Yesterday, the developer announced that its whollyowned subsidiary, First Capital Development, has entered into an agreement to sell its interest in the two-storey building at
      FILI PHOTO  -  175 words
    • Article
      Lock icon NatSteel 1H net seen rising by up to 67% on electronics
      601 11 Bulk of gains likely to come from NEL, say analysts AFX-Asia [SINGAPORE] Nat Steel Ltd is expected to announce on Aug 27 first half net profit before extraordinaries of about $18 million to $20 million against $11.96 million a
      AFX-Asia  -  601 words
    • Article
      Lock icon Investors should tie fortunes of directors to companies
      673 11  -  HOCK LOCK SIEW Lee Han Shih WHAT can investors do to protect themselves from unscrupulous directors? One radical solution is to require each and every director of a listed company to take a stake in the firm. Until recently, investors could rely
      673 words
    • Article
      Lock icon SIA is most profitable Asian carrier for '98
      461 11  -  It's the sole Asian player in top 11 airline profit list By Dexter Lee [SINGAPORE] Singapore Airlines has emerged as Asia's most profitable carrier for 1998, even though its group net profit of US$6l6 million (Ssl billion) represented a drop from 1997's
      461 words
    • Article
      Lock icon Wee Poh lands govt contracts worth $31.8m
      181 11 [SINGAPORE] Sesdaq-listed Wee Poh Holdings yesterday announced that it recently clinched $31.8 million worth of civil engineering contracts from the public sector. The projects are being handled by two wholly-owned subsidiaries Wee Poh Construction and Wee Fong Construction. Wee Poh Construction's contracts comprise
      181 words
    • COMPANIES
      • Article, Illustration
        Lock icon Perstima sues Soh Chee Wen, former management team
        362 12  -  Action initiated over soured loan given by Sabah Development Bank From, Eddie Toh m Kuala Lumpur PERUSAHAAN Sadur Timah Malaysia (Perstima), which is itself facing a flurry of suits from four Malaysian institutions, has sued its previous controlling shareholder Soh Chee Wen,
        FILE PHOTO  -  362 words
      • Article
        Lock icon Telkom moves back into the black in H1
        430 12 Boost comes from higher sales, stronger rupiah Bloomberg [JAKARTA] PT Telkom, Indonesia's largest publiclytraded company, swung to a profit in the first half boosted by higher sales and a stronger rupiah. The company posted a profit of 1.47 trillion rupiah (***** million),
        Bloomberg  -  430 words
      • Article, Illustration
        Lock icon China.com expects to bleed as it expands
        368 12 AFP [HONGKONG] China.com Corp, one of the first Asian Internet companies to list on the Nasdaq stock market, said it will continue making losses as it focuses on buying companies and forming ventures with US$l5O million (Ss2so million) in cash. The Hongkong-based company
        AFP  -  368 words
      • Article
        Lock icon PLDT bonds fall as talks on Piltel debt revamp continue
        340 12 Concern parent may have to absorb Piltel and its debt Bloomberg [MANILA] Philippine Long Distance Telephone Co (PLDT), the country's biggest telecommunications provider, may have to pay more to borrow as it restructures debt at its loss-making Pilipino Telephone Corp
        Bloomberg  -  340 words
      • Article
        Lock icon Boeing files complaint over PAL rehab
        293 12 Bloomberg [MANILA] Boeing Inc filed a complaint with the Philippine Securities and Exchange Commission, objecting to a rehabilitation plan for debtladen Philippine Airlines Inc and the process by which it was approved. Boeing's move comes as PAL enters a code-sharing agreement with Emirates Airlines,
        Bloomberg  -  293 words
      • Article
        Lock icon Southern Steel's interim losses halved to RM38m
        305 12  -  From] Ruth Wong in Kuala Lumpur SOUTHERN Steel Bhd, a 27 per cent associate of Nat Steel Ltd, managed to cut its group net loss by 55 per cent at halftime despite weaker sales, thanks to its cost-cutting measures and development of new
        305 words
      • Article
        Lock icon NTT is Japan's top earner with 947b yen income in 1998
        459 12 Reuters [TOKYO! Nippon Telegraph and Telephone Corp (NTT), the world's largest telephone company, has re-emerged as Japan's top corporate Income earner after ceding the top spot the two previous years, a research company reported yesterday. Toyota Motor remained at
        Reuters  -  459 words
      • COMPANY Briefs
        • Article
          Lock icon Riverwalk authorised capital raised
          57 12 [SINGAPORE] DBS Land and Hwa Hong Corp yesterday said they have increased the authorised share capital of Riverwalk Promenade Pte Ltd, an associate of both companies, to $31 million from $100,000. DBS Land and Hwa Hong will each hold $15 million in new shares as well
          57 words
        • Article
          Lock icon UOL raises share capitals of 2 units
          58 12 [SINGAPORE] United Overseas Land yesterday said that it increased the share capitals of two subsidiaries which are held through Hotel Plaza. The issued and paid-up capital of Hotel Plaza Investments Pte Ltd roes to $2 million from $1.5 million and that of United
          58 words
        • Article
          Lock icon NatSteel ups stake in Abrasives
          64 12 (SINGAPORE] Nat Steel has agreed to buy its partner's 45 percent share in Nat Steel Abrasives for $855,000. The stake owned by Slag Reductie Nederland BV's will be ki acquired through wholly-owned Nat Steel Chemicals. Nat Steel yesterday said the acquisition would allow Nat Steel
          64 words
        • Article
          Lock icon Mitsubishi buys 5% of Saha Pathana
          85 12 Bloomberg (TOKYO] Mitsubishi Corp, Japan's fourth-largest trading company, said it has acquired a 5 per cent stake in Saha Pathana Inter holding Co to expand its presence in Thailand as the latter emerges from recession. Mitsubishi spokesman Hiroshi Someya declined to disclose the purchase
          Bloomberg  -  85 words
        • Article
          Lock icon China Airlines sees profit in 1st half
          119 12 Reuters [TAIPEI] Taiwan's top carrier, China Airlines, said yesterday it would return to profitability in the first half 0f1999 after a sharp 1996 loss. "We expect roughly a 60-70 per cent achievement rate of earlier foil-year forecast in pre-tax profit in the first
          Reuters  -  119 words
        • Article
          Lock icon Orient Overseas loss falls to US$1.3m
          77 12 AFP [HONGKONG] Hongkong shipping firm Orient Overseas (International) Ltd yesterday reported an interim loss of US$l.3 million (Ss2£ million) for the first half but remained upbeat about future prospects. The after-tax result was an improvement from a loss of US$l4.6 million in the first
          AFP  -  77 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Unocal stock jumps on talk of takeover by Texaco
        221 13 Reuters [LOS ANGELES] Shares of Unocal Corp, the largest US independent oil exploration and production company, shot up nearly 9 per cent in trade on Thursday, amid market talk of a possible merger with larger rival Texaco Inc. Unocal traded up
        Reuters  -  221 words
      • Article
        Lock icon Telstra lures Optus man
        77 13 Reuters [MELBOURNE] Telstra Corp Ltd said yesterday that it would appoint Bob Mansfield as chairman later this year, adding to its top ranks yet another chief from main rival Cable and Wireless Optus Ltd. Mr Mansfield, who first made his corporate name as the youthful boss
        Reuters  -  77 words
      • GLOBAL Briefs
        • Article
          Lock icon Black workers sue Honda of America
          86 13 Bloomberg [COLUMBUS, Ohio] Honda of America Manufacturing Inc, a unit of American Honda Motor Co, has excluded black employees from job opportunities at three Ohio plants for more than two decades, lawyers for black Honda workers said on Thursday in announcing a lawsuit against
          Bloomberg  -  86 words
        • Article
          Lock icon Ford venture names woman president
          59 13 Bloomberg (FLAT ROCK, Michigan] Auto Alliance International Inc, a joint venture between Ford Motor Co and Mazda Motor Corp, has named Deborah Stewart Coleman as its first female president Effective Sept 1, Ms Coleman, who is black, will replace Bruce Bowman, 57, who is retiring
          Bloomberg  -  59 words
        • Article
          Lock icon Seagram loss deepens in Q4
          101 13 Reuters Liquor and entertainment group Seagram Co reported a deeper fourth-quarter loss on Thursday as weak film box office receipts dragged on profit improvements in its other businesses. Montreal-based Seagram posted a loss from operations of US$l29 million (Ss2l6 million), or 32 US cents a
          Reuters  -  101 words
        • Article
          Lock icon Tyco to pay US$3.5b for Raychem
          69 13 Bloomberg [HAMILTON, Bermuda] Tyco International Ltd, the world's No 1 maker of electronic components, said on Thursday it will pay U5539.29 a share, or U553.45 billion (Ss6.B billion), for Raychem Corp, a wiring and tubing maker whose shareholders approved the purchase last week. Tyco
          Bloomberg  -  69 words
        • Article
          Lock icon Saab Q2 profit up four-fold
          75 13 Bloomberg [STOCKHOLM] Saab AB, a Swedish maker of warplanes and aircraft parts, said yesterday that second-quarter profit rose almost four-fold, partly because it booked a gain connected to the closing of regional aircraft production. Net income by the maker of the JAS 39 Gripen fighter
          Bloomberg  -  75 words
        • Article
          Lock icon Call to allow foreign firms to list in India
          64 13 AFX-Asia [BOMBAY] The Securities and Exchange Board of India has suggested to the government that it permit the listing of foreign companies on Indian bourses, the Economic Times reported. The report said the main objective is to integrate Indian stock exchanges,
          AFX-Asia  -  64 words
      • Article, Illustration
        Lock icon Western Digital shares soar on talk of likely IBM bid
        361 13 Low share prices of disk drive makers because of falling margins make them attractive targets Bloomberg [IRVINE, California] Western Digital Corp shares have soared 47 per cent in the past two days on speculation that the No 3 computer disk
        Bloomberg; Source: Bloomberg  -  361 words
      • Article, Illustration
        Lock icon Proposal to auction Iridium stocks over the Net
        373 13 Suggestion comes after Nasdaq halts trading in the stock Reuters [CHICAGO] What do Barbie dolls, Star Wars memorabilia and shares of Iridium LLC, the struggling satellite phone company, have in common? You might be able to sell them as collectibles through Internet
        Reuters; FILE PHOTOS  -  373 words
      • Article
        Lock icon Lufthansa posts 40% drop in 1st half pre-tax
        215 13 FT [FRANKFURT] German airline Lufthansa has become the latest global carrier to be hit by overcapacity on North Atlantic routes, reporting a 40 per cent fall in first-half pre-tax profit. It also revised downwards its estimate for the full year result, saying
        FT  -  215 words
      • Article
        Lock icon Apple sues eMachines for copying iMac
        248 13 The eOne, Apple alleges, looks like its tear-drop shaped PC Bloomberg [SAN JOSE] Apple Computer Inc is suing eMachines Inc, a joint venture of Korea's TriGem Computer Inc and Korea Data Systems, claiming it has copied the look of Apple's iMac personal computers. Apple
        Bloomberg  -  248 words
      • Article
        Lock icon Schwab plans trading stocks via pagers by year-end
        280 13 It starts R&D to develop technology for wireless trading Bloomberg [SAN FRANCISCO] Charles Schwab Corp, the largest Internet brokerage, started a research and development group to create wireless hand-held stock-trading devices for its customers by year's end. Schwab said it formed a
        Bloomberg  -  280 words
      • Article
        Lock icon Roche makes SFr995m provision for cases
        391 13 HI profit np 15% to SFr2.Bb despite the vitamin cartel case FT [LONDON] Roche, the Swiss pharmaceuticals company, has made a 995 million Swiss franc (Ssl.l billion) provision to cover the cost of settling civil suits against it in the US after its participation
        FT  -  391 words
      • Article
        Lock icon Michigan Avenue to outbid Alcoa for Reynolds
        226 13 Bridge News [TOKYO] Investment company Michigan Avenue Partners still plans to outbid Alcoa's offer for Reynolds Metals within the next 30 days, Cable News Network (CNN) reported. "We still plan to make a higher tender offer, all cash, and arrange all the financing
        Bridge News  -  226 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Top US banks eye EU mergers
        550 14 They see boom in corporate finance business from spate of consolidations Reuters [NEW YORK] Top US banks Chase Manhattan Corp, J P Morgan Co Inc and Citigroup are targeting a booming investment banking market in Europe by bringing over US staff, hiring bankers and
        Reuters  -  550 words
      • Article, Illustration
        Lock icon Paribas chief likely to quit next week
        228 14 NYT [ROME] The chairman of Paribas is expected to hand in his resignation when the bank's board meets next week in the aftermath of the company's takeover by Banque Nationale de Paris. The chairman, Andre Levy-Lang, had strongly favoured an alliance of Paribas
        NYT  -  228 words
      • Article
        Lock icon Major Canadian banks post strong Q3 earnings
        360 14 Toronto-Dominion, Royal Bank of Canada set tone for other banks [TORONTO] Two of Canada's biggest banks reported impressive third-quarter earnings on Thursday that set a solid tone for the banks' reporting period. Royal Bank of Canada, the second-largest bank by asset size, said
        360 words
      • Article, Illustration
        Lock icon US dollar at the crossroads
        370 14 Euro/USS: Euro/US$ slid to touch a week-low of 1.0455 on Thursday before launching a massive rally to touch a high of 1.0648 on the same day. The unit was hovering near the 1.0635 level in early trading yesterday. The next resistance level is at 1.0700
        Source: DBS Bank  -  370 words
      • Article
        Lock icon August contract gets boost from trade data
        277 15  -  nimr;\Reports MSCI Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market extended its gains yesterday on increased institutional interest. Stocks in the electronics sector firmed in the afternoon following the release of July trade data which showed a 12 per cent year-on-year
        277 words
      • Article
        Lock icon Futures end higher in line with cash market
        178 15  -  MSCI Taiwan futures Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures yesterday strode in the same direction as Thursday gaining 5.3 points in the August contract. Retailer-based buyers were Phillip GNI Futures, ED&F Man International and UOB Bullion Futures.
        178 words
      • Article
        Lock icon Oil powers to US$21.11
        256 15 ENERGY REPORT Reuters [LONDON] Oil prices bolted to fresh highs above US$2l a barrel yesterday as Opec's determination to stick with deep output cuts kindled fears of a winter supply crunch as stocks of spare oil shrink. International benchmark Brent crude in London powered to a
        Reuters  -  256 words
      • Article
        Lock icon CURRENCY REPORT
        327 15 AFP, Reuters T /tnilnii THE yen hung back from the previous day's seven-month peaks against the US dollar and all-time highs against the euro in Europe yesterday amid the threat of further Bank of Japan intervention to curb yen strength. The BOJ intervened at least seven times in
        AFP,; Reuters  -  327 words
      • Article, Illustration
        Lock icon Untitled
        1189 15 DfTBRBAVX CROSS RATES 1 A uy 20 IB IM«1«.PUH Y«« HO, Ml hM III llj WIM 18 £Zf UM» UK 0°S *12 ,'>« iS VS SS fJ2 I!S lm Lm ***** Un l0 >** 2W 24.483 0 393 0138 1 o UN man A 1226 5W2 29.IT7 49.821 0.745 8.029
        1,189 words
      • Article
        Lock icon Untitled
        1728 15 SICOM rUTUEES Aug 20 RUBBER (futures dosinq u K 5.30pm) RSS1 CONTRACTU c«its/kf) Close Voteme Open Mwth mqh Low Sett (tonne*) interest Sop 99 92.00 300 900 Oct 99 9525 300 300 (to* 99 94.75 300 £*c 99 90.50 300 Jan/M* 00 102.00 300 Apr/Jun 00 105.50 Jul/Sep 00 108.50
        1,728 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      3723 14 NdtOdn. m woyiyt* MarSI I ***** 1-2621 2.11 IK 2L L il. M**®** 1 Mar 30 P U34L 0.731 131 0.73 WWjfr WW «w> 1W (tt») (tta) NoMoOrp (U9S) Mar 26 7.7m 0.208 33L 0.10 AtlaPocBrow Jun 11 I ***** 37.235 1U >4.7 OUb""" uo™ Ate«**r.
      3,723 words
    • Article, Illustration
      Lock icon HONGKONG
      1357 16 AFP Pi Hang Seng »163J5 HONGKONG share prices rose 1.2 per cent yesterday on buying by local and overseas fund managers following Thursday's sharp gains and strong performances in Chi-na-related stocks, dealers said. "We got a good mixture of buying, local and overseas," said Howard Gorges, vicepresident of South
      AFP  -  1,357 words
    • Article, Illustration
      Lock icon CHINA
      557 16 Reuters, AFP Source: Datastream CI Shenzhen B Index -0J4 SHENZHEN'S B shares ended slightly easier yesterday as expectations of a weekend swathe of interim reports kept investors on the sidelines. The B Share Index closed 0.14 point or 0.16 per cent lower at 93.75, with turnover shrinking to HKS59
      Reuters,; AFP; Source: Datastream; Source: Credit Lyonnsis Securities(Asia) Ltd  -  557 words
    • Article
      Lock icon TAIPEI
      355 16 AFP Q WPlndex +152.75 TAIWAN share prices closed 1.9 per cent higher yesterday on bargain-hunting to reclaim the benchmark level of 8,000, dealers said. The Taiwan Stock Exchange Weighted Price Index rallied 152.75 points to 8,117.42. "The market was due to bounce back after a technical correction as sentiment
      AFP  -  355 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2159 16 LONDON Mistrials hi 3i Group a22 -0.05 Abbay National 10.03 -0.27 A 8 Foods .4.14 0.05 A B Ports X29 -0.07 AstraZanaca 23.39 0.12 Ailianca 4 Laicastar 8.17 -0.07 AllladDomacq 5.33 -O.IO A Hiod Zurich 7.44 0.23 Anglo Amarkan Gold 43.70 unch ASOA Group 230 -0.01 Bank
      2,159 words
    • Article
      Lock icon TOKYO
      1647 16 AFP Q Nikkei 225 +218,37 SHARE prices in Tokyo closed 1.2 per cent higher yesterday as three top Japanese banks announced a major alliance to create the world's largest banking group, brokers said. The Nikkei 225 Index gained 218.37 points to finish at 18,098.11. The Topix of all issues
      AFP  -  1,647 words
    • JALA LUMPUR STOCK MARKET
      • Article
        Lock icon Untitled
        6044 17 INDUSTRIALS Consumer products Vol Day N*t C<« Low Company Sale pop High Low P/C Smll 440 255 Ajinomoto 320 20 3 129 7 '74 46 Anqkasa 105 5 210 106 100 154 8 404 220 Apoilo Food Htg 314 unch 16 314 300 10 9 125 6 J5 194 5
        6,044 words
      • Article, Illustration
        Lock icon Shares edge up marginally in thin volumes
        384 17 AFP 01 Composite Index +4JH MALAYSIAN share prices closed 0.7 per cent higher yesterday in lacklustre trade amid an absence of fresh leads, dealers said. A dealer with a local brokerage said volumes were thin as local institutional investors were largely sidelined, while
        AFP  -  384 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon Multi-Purpose wrt: a sentimental favourite
        188 18  -  WARRANT WATCH By R Sivanithy MULTI-Purpose used to be a well-known name when its shares and warrants were traded on Clob International. For those who have been following the fortunes of the company after Malaysian shares were removed from Clob, the warrant has just had
        188 words
      • Article
        Lock icon Untitled
        2084 18 BONOS, LOANS i WARRANTS wt 32-*k Last Vol Day LMt Ouot* Avg High Low Stno Company Sal* ♦or- COOO) High Low Buy or Sailer Price 104 3 t 3160 "Actr ******1USS 52 »6 1318 53 46 513 52 80 4.5 s 3164 Acma ******4 40 »6 367 40 36 39.5
        2,084 words
      • Article
        Lock icon CLOB INTERNATIONAL
        221 18 HONGKONG STOCKS Cf Qf y* LwtOu*. Dh, CM« YM N«t M Cap High Low Stn» Cnmpany S«W ("0001 Ht» L— Buyar S—f CV P/T $m« 365 173 5123 COl (2000) M« 2723 2 57 5 340 8 17 29 9J 5391J 5124 Cathay Pac 20c HK_720 cd 265
        221 words
      • Article, Illustration
        Lock icon JAKARTA
        696 18 AFP Q Composite Index -£58 INDONESIAN share prices closed 0.9 per cent lower on profit-taking in blue chips triggered by a sell-off in state telephone monopoly Telkom amid further talk of a possible rights issue, dealers said yesterday. Suhendra, an institutional dealer with Trimegah Sekurindo Lestari, said the market
        AFP  -  696 words
      • Article, Illustration
        Lock icon BANGKOK
        876 18 AFP n SET Index +22-51 THAI shares surged 5.4 per cent yesterday after a new round of foreign buying on the back of the steadier baht sparked local investor interest, dealers said. Amid improving sentiment, foreign investors sold off dollars to buy shares in banks and other blue chips,
        AFP  -  876 words
      • Article
        Lock icon MANILA
        287 18 AFP Q Manila +50.27 PHILIPPINE share prices closed up 2.3 per cent yesterday as investors discounted the effect of two rival street marches being held in the capital, analysts said. The Philippine Stock Exchange Composite Index rose 50.27 points to close at 2,209.47. Volume fell to 995.6 million shares
        AFP  -  287 words
      • Article
        Lock icon SEOUL
        397 18 AFP rl Composite Indei +7.21 SOUTH Korean share prices closed 0.83 per cent higher yesterday on the back of a strong yen and higher-than-expected second quarter GDP growth, dealers said. The Composite Index closed up 7.21 points at 878.39, off a high of 879.18. Volume was 252.8 million shares
        AFP  -  397 words
      • Article
        Lock icon SYDNEY
        651 18 AFP Q All Ordinaries -L 7 AUSTRALIAN share prices closed marginally lower yesterday as investors sat out a possible US interest rate rise next week, brokers said. The Australian Stock Exchange's key All Ordinaries Index fell 1.7 points to 3,025.4. Turnover totalled 372.3 million shares worth A 5877.3 million.
        AFP  -  651 words
      • Article
        Lock icon WELLINGTON
        290 18 AFP Q Wellington -U8 NEW Zealand stocks were down 0.2 per cent yesterday in what brokers called a good performance in the face of a weaker Wall Street and the bearish interest rate environment. The NZSE-40 Index was down 4.18 to 2,177.38 on turnover of NZ5115.5 million. a*M *f-
        AFP  -  290 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      4519 19 Transaction date: Ail; 20 I MHK JtNo Company m JJJL Dw M« W IM Cm A* >•— Sate roop) Htgb Leer Buyer *—f Cw P/t %m& Ute '82 17 5 m b tOOO Acme 50c 129 6 34 2 33 124 M 25 e
      4,519 words
    • Article
      Lock icon SESDAQ
      429 19 -ft- r A —-u, -ya: y ,af,£ MMWACTVMM s I |g£s&&~—i& V 2 s a%, S3 i ss v S 1 :ffi:s&E=g V -i s l° 5 2 a hi Jf I c^^ssir.S- 5 :f 5 5 IV 3 S 3 Us 2 IS V Jloo« rui'tv" fc J"
      429 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Lock icon Untitled
        318 20 Stacks VoIwm Asia FoodtProp US$ 43.663.000 Golden Agri USIOc 42,634,000 •Genting Int 33,326,000 Hotung Inv NTS 31,449,000 IPCCorpnSc 29,162,000 Strike Engg 5c 20,254,000 LMTHIdgslOc 16,075,000 GES Intl Ltd 20c 15,473,000 Dei Moot* USk 15,345,000 UonAsiapac25c 15,006,000 St>da OCBC Foreign 49,573,923 MS Foreign 35,608,186 City Dev 50c 32.986,825 SPH 28,125,758 DBS
        318 words
      • Article, Illustration
        Lock icon Boost from July trade data, but Wall St fears stem rise
        589 20  -  STOCK MARKET COMMENTARY Region's good showing also a help; electronics stocks np while US$-denominated issues continue to recover By R Sivanithy NEWS of a better-than-expected set of July trade figures brought out the buyers yesterday but gains were capped
        589 words
      • ON THE GRAPEVINE
        • Article, Illustration
          Lock icon Megn gaining currency?
          83 20 IN a world used to seeing the portraits of kings, queens and presidents on national currencies, this Indonesian rupiah note doesn't seem to be out of the ordinary. Except, of course, that Megawati Sukarnoputri, whose face is on this spoof currency note 8T came across recently, is
          83 words
        • Article
          Lock icon Cold shoulder from HK watchdog
          102 20 THIS is not a joke—the Securities and Futures Commission can literally give you the cold shoulder. In an announcement yesterday, the Hongkong securities watchdog said it has imposed a "coid shoulder order" for 12 months on Cheong S wee Kheng, Hendra Rahardja, Fortune Grand Investment
          102 words
        • Article
          Lock icon Hair today,Yahoo!'morrow
          76 20 THERE'S a new hair commercial on the air. Called the Yahoo! "hair" TV commercial, U began airing in Singapore this week. It opens with a balding man trying to fix his hair. After several attempts with a comb, he gives up and turns to the Yahoo* search site
          76 words
        • Article
          Lock icon Malaysians most optimistic
          107 20 Malaysians are the most optimistic people in the region, according to the latest MasterCard survey to gauge consumer confidence. The survey polled almost 5,800 people among the middle and upper income groups of 13 Asian countries. They were asked questions about the economy, employment, income, the stock
          107 words
        • Article
          Lock icon Bank of China to return to Malaysia
          84 20 BANK erf China ts expected toeet upanew office in Kuala Lumpur in the next few months. Malaysian Prime Minister Mahathir Mohamad's current visit to China is expected to expedite the return of the bank, which was told to halt its operations in 1965
          84 words
      • Article, Illustration
        Lock icon HOT STOCK
        59 20  -  By Wong Wei Kong IPC Corp shares rose four cents to $0,305 yesterday on a volume of 29.2 million shares, compared with its 10-day traded average of 7.55 million shares. The outlook is mixed. While the RSI and MACD charts suggest that the stock may climb further, the
        59 words
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