The Business Times, 12 August 2000
This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.
2000-08-12
1
26
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section13 2000-08-12 1 THE BUSINESS TIMES MITAXEMJ3S/12/1999 85C SINGAPORE SATURDAY, AUGUST 12, 2000 Internet: http://business-times.asial .com.sg/'13 words
-
Article71 2000-08-12 1 □sn 240L00 (+16.67) □irsu 825J2 (+4.77) □ST INDEX FUTTJIES 2468 (+11.00) □SIMSCI FUTURES ***** (+1.90) STOCK MARKET INDICES Friday Change KLSE OOMP 8*2*3 -6.09 NIKKEI 225 >141^6 HANG SENG 17J14.42 -U&79 SETINDEX 316.60 *7.18 JAKARTA OOMP _M6.79 >17.17 MANILA COMP 1.***** +662 tUPdWPI 7.974 66 40.04 jfflHJLCOMP *****71 words
-
Article72 2000-08-12 1 FOREX BATES us$ s$ USS 1.716 £(US$/S$per£) 1500 1572 EURO(l®$/S$/E) 0.910 1J61 DM 1149 1253 YEN 1085 S350 RM 3.800 2116 H8S 7 800 1548 BAHT 40.81 23.80 RUPIAH 8.386 4.890 FUME SATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BAN(iKOK 9.50 MANILA 11.00 HONGKONC, 8.50 TAIPEI 7.84 SYDNEY72 words
-
Article, Illustration847 2000-08-12 1 Siow Li Sen - =nexclusive Bank's new strategy is to become top five in selected regional markets Siow Li Sen [SINGAPORE] DUTCH banking giant ABN Amro may beat a retreat from the local consumer market and return the coveted Qualifying Full Bank (QFB) licence it847 words
-
Article, Illustration479 2000-08-12 1 Ven Sreenivasan - Chairman had earlier said price surge was crazy By' Ven Sreenivasan [SINGAPORE] The shares of land reclamation and marine services company Links Island Holdings have been suspended, at the company's request yesterday. The suspension came after the Singapore Exchange (SGX) again queriedSource: Bloomberg - 479 words
-
1023 2000-08-12 1 Anthony Rowley - Move signals confidence that Japan's long recession and stagnation is over Frtmn Anthony Rowley in Tokyo THE Bank of Japan yesterday defied strong political opposition and the expectations of most analysts by hoisting interest rates for the first time in 10 years, ending Japan's1,023 words
-
620 2000-08-12 1 R Sivanithy - Merchant bank foiled to keep high disclosure standards By R Sivanithy [SINGAPORE] The Singapore Exchange yesterday reprimanded UOB Asia, the investment banking arm of United Overseas Bank, for presenting a misleading picture of the demand for eWorldofSports.com's public offer of shares. It620 words
-
Page 1 Advertisements
-
Advertisement74 2000-08-12 1 msiPE Top Stories Hutchison closing in on mobile licences in NZ, Italy. Next Page Flextronics: Gobbling up the competition. Pg 3 OUB outperforms with 34.4% profit leap at half-time. Pg4 Issue manager can make or break an IPO. Pg 5 The longest underground road in SEA. Pg 7 Com Chest74 words
-
Advertisement19 2000-08-12 1 Issue manager can make or break an IPO, Pg 5 what is video art? .mm«?,. The Arts. Back Page19 words
-
-
NEXTpage
-
ON THE grapevine
-
Article, Illustration79 2000-08-12 2 ASIA Pacific Breweries is at it again. This bluechip company has a reputation for putting up provocative pictures of scantily-clad women and suggestive headlines for its Tiger and Anchor beers. Its latest is an advertisement that says, "Catch the Tiger show on radio". While it may79 words
-
Article57 2000-08-12 2 THIS e-mail we received recently certainly puts things in perspective: The Pythagorean Theorem is described in 24 words. The Lord's Prayer, 66 words. Archimedes Principle, 67 words. The Ten Commandments, 179 words. The Gettysburg Address, 286 words. The (US) Declaration of Independence, 1,300 words. The (Singapore) government regulations57 words
-
Article119 2000-08-12 2 A SURVEY conducted by BT Online earlier this week after the Bank of Japan hinted that conditions were ripe for ending its zero interest rate policy has produced some interesting results. Slightly more than half of those surveyed said it was about time that Japan119 words
-
-
Article, Illustration422 2000-08-12 2 Quak Hiang Whai - It's eyeing 2G licences in NZ and a major stake in Italy's Andala UMTS From' Quak Hiang Whai in Hongkong LI Ka-shing's Hutchison Whampoa Ltd is closing in on mobile phone licences in New Zealand and Italy, as the Hongkong conglomerateFILE PHOTO - 422 words
-
Article, Illustration676 2000-08-12 2 Corinne Kerk - Busy professionals come together to make music for the love of it Byi Corinne Kerk [SINGAPORE] They're a bunch of busy professionals. Doctors, engineers, a lawyer, a university professor and a couple of managing directors. But one thing has brought this disparate group676 words
-
-
Page 2 Advertisements
-
Advertisement33 2000-08-12 2 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. Another Classified Service I TODAY©***** llanhe Zaobao Filipino tycoon Lucio Tan buying into Pepsi Cola (Philippines) 3E33 words
-
-
FOCUS flextronics
-
Article, Illustration726 2000-08-12 3 David Boey - Flextronics, which is buying JIT Holdings, says its acquisitions are calculated to give it a range of manufacturing capabilities worldwide to take it to the next level of growth Reports by David Boey [SINGAPORE] Flextronics international, the Singapore-based electronics contract manufacturer that has shelled out more726 words
-
Article, Illustration647 2000-08-12 3 THE Singapore Armed Forces, which takes pride in teaching its officers and men the art of war, has apparently taught them a thing or two about how to make a killing on the corporate battlefield. Four of JIT Holdings' topFILE PHOTO - 647 words
-
Article, Illustration509 2000-08-12 3 While JIT makes biggest one-day gain, NEL loses BJ% SHARES of electronics contract manufacturers JIT Holdings and Nat Steel Electronics Ltd (NEL) moved in opposite directions yesterday, reflecting the response of investors to their respective announcements the day before. JIT shares scored theirSource: Bloomberg - 509 words
-
-
Page 3 Advertisements
-
Advertisement44 2000-08-12 3 WOW! A $741 VALUE PACKAGE FOR AS LITTLE AS $148 CITIBAN< 1 c ei «o J i i L 4, irk Foij|ustSl4B readers who subscribe to six months ot Ine included in the '-o v.' .v"r;: vf 5 r- r worth $54 c v\":44 words
-
-
SINGAPORE companies
-
Article245 2000-08-12 4 DBS Group Holdings has spent $600 million redeeming 28.4 million of its 94.9 million non-voting redeemable convertible preference shares held by the governments $21.12 per share. The redemption, announced yesterday, cut the government's fully diluted shareholding in DBS from 41 per cent to 39.7245 words
-
757 2000-08-12 4 Siow Li Sen - Robust growth in core lending business and lower provisions shore up earnings By I Siow Li Sen OVERSEAS Union Bank yesterday reported a sparkling 34.4 per cent rise in first-half earnings to $292.1 million, underpinned by solid growth in its core lending757 words
-
Article, Illustration436 2000-08-12 4 jaime ee - corporate rmrgi jaime ee THE scene at Overseas Union Bank's interim results briefing was not unlike any other. President and CEO Peter Seah and his five-member team assembled in their 45th floor boardroom, with Mr Seah single-hand-edly presenting the results and taking questions.ARTHUR LEE - 436 words
-
221 2000-08-12 4 AFX Asia REED Group Holdings Ltd shares were sharply higher in mid-afternoon trade, but with the advance seen unsustainable as purchases were largely made by short-term investors, dealers said. At 3.51 pm, Reed was up 4 cents, or 15 per cent,AFX Asia - 221 words
-
COMPANY Briefs
-
99 2000-08-12 4 ADD VALUE Technologies told the Singapore Exchange yesterday it knew of no material reason for a substantial change in the trading pattern of its shares. But Addvalue said a customer, Sirius Satellite Radio, had announced on Aug 8 that in-orbit testing of its first satellite99 words
-
57 2000-08-12 4 STRATECH Systems has been awarded a contract by the Housing Development Board to install, commission and maintain it's Smart Park intelligent car park management system in Ave carparks. Stratech said the combined value of the contract could exceed $1 million and negotiations were underway to57 words
-
Article70 2000-08-12 4 CEI Contract Manufacturing has won a contract to perform assembly work for US-based Planar Systems, which is moving part of its electroluminescent display assembly process from the US to the Far East. CEI, a supplier of printed circuit board assemblies to Planar for 1070 words
-
65 2000-08-12 4 NORTH 22 Technology Services Group, said subsidiary Service One Ltd has been appointed by Hewlett Packard to be their authorised service provider in China. This agreement covers products including Inkjet printers, scanners and portable electronic items. In October 1999, Service One was appointed65 words
-
-
311 2000-08-12 4 Bryan Lee - By\ Bryan Lee JEWELLER HN International Holdings has received inprinciple approval to list on the main board of the Singapore Exchange. The listing will be managed by UOB Asia and underwritten by United Overseas Bank. Hongkong-based HN International is a major311 words
-
706 2000-08-12 4 wong wei kong - SGX's biggest battle ever the fight to stay relevant HnCKlPAliUkWI wong wei kong THE writing may not be on the wall yet but the warning signs are already apparent. If the Singapore Exchange (SGX) remains as it is for much longer, it risks being home only to the smallest and706 words
-
639 2000-08-12 5 Ling Su Ann - IPOIUMU.I It has key role in managing factors like pricing, firm's image and timing By Ling Su Ann WHAT decides whether a company's initial public offer (IPO) is successful? According to some investment bankers, one important factor is the quality of the639 words
-
Article696 2000-08-12 5 MAINBOARD I LIST DATE LEAD OFFER P/E RATIO (SUBSCRIPTION 1ST OAY CHANGE 04-AUG CHANGE MANAGER PRICE (S) (TIMES) (TIMES) CLOSE CLOSE OVER OFFER PRICE Horizon.com 26-Jan DBS 1 88 35 5<f) 76.9 4.22 1 24.47 1.7 -9.57 PKTECH International 30-Jun Vickers 0.28 11.2(f) 0.62 121.43 0.58 107.14 ST696 words
-
-
Page 4 Advertisements
-
Advertisement360 2000-08-12 4 184 FACTORY/ WAREHOUSE SALE__ Check out the special offers here to bag great bargains. The Straits Times Classified SOMERSET HOLDINGS SOMERSET HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 16th May, 1990) REMINDER NOTICE EXPIRATION OF WARRANTS ON 31 ST AUGUST, 2000 AT 5 P.M. To all holders of360 words
-
-
Article4354 2000-08-12 5 Net earn EPS MMI Mer 30 I 0.621 7.643 0.13 L70 0,1, TY LY TY LY Megnecomp Mer 15 P 14.730 24.205 7.40 12-1 Company *nn (Sm> ($m) lets) lets) Medtecs US5 Mar 20 P 1617 0.772 UC 0-31 MentorMedie Jun 09 P 5.718 3-229 3.104,354 words
-
SINGAPORE markets
-
Article527 2000-08-12 6 Stocks Volume ReedGrp5c 36,986.000 AddvalTech 2.5c 34,393,000 JITHIdgs 10c 31,008,000 (TechGrp4c 18,122,000 TTInt 15c 13,895,000 Links Island 10c 13,313,000 NatElec 10c 12,876,000 Ionics P$1.00 12,433,000 LAM 50c 11,860,000 IPC020c 11,056,000 9tock» I JtTHIdgslOc 119,625,900 NatElec 10c 59.246.730 DBSGrp 53,663,416 Chart Semiconductor 26c 39,717,874 OCBC 34,198,519 U06 24,410,300 Omni Ind 10c527 words
-
Article, Illustration505 2000-08-12 6 r. sivanithy - -i I comment STOCKS r. sivanithy AFTER a slow morning, the stock market picked up yesterday afternoon, with firmer prices across the board. As in the past couple of sessions, blue chips led the way, leaving the Straits Times Index 16.67 points505 words
-
Article, Illustration177 2000-08-12 6 R Sivanithy - WARRANT WATCH By R Sivanithy NEAR-EXPIRY warrants on the verge of moving into the money often display odd behaviour. An example is the huge trading volumes and large price swings chalked up, partly because of the instrument's low price and the chance177 words
-
Article, Illustration244 2000-08-12 6 Ven Sreenivasan - HOT STOCK By' Ven Sreenivasan NATSTEEL Electronics tumbled another 40 cents to close at $4.52 yesterday. A total of 12.9 million shares changed hands, a figure which was more than four times higher than the 10-day average of some three million. Yesterday marked244 words
-
Article159 2000-08-12 6 ♦NUCLEUS Electronics has acquired a shelf company in Hongkong known as Nucleus Electronics (Hong Kong) Ltd (NEHK). The establishment of NEHK is to tap the huge economic and marketing potential of China using Hongkong as the gateway and principally involves the distribution and marketing of electronics components. ♦L&M159 words
-
Article, Illustration324 2000-08-12 6 larry wee - l-l I comment CURRENCIES larry wee THE yen failed to stage a rally yesterday evening despite the Bank of Japan's late announcement that it would raise shortterm interest rates by 25 basis points. After a brief dip towards 108.40Source: Reuters - 324 words
-
-
Page 6 Advertisements
-
Advertisement13 2000-08-12 6 'fitted Business http://business-times.asial.com.sg Before you travel, make a note of our website address13 words
-
Advertisement49 2000-08-12 6 YOU CAN NOW PUT YOUR CPF SAVINGS IN EIGHT. important All applications for units in eight must be made on the application forms accompanying the prospectus investors must read the prospectus The value of the units and the income from them may fall as well as nse 01 < tSBAJ49 words
-
-
SINGAPORE news
-
Article, Illustration477 2000-08-12 7 Christopher Tan - Work on 9km expressway from East Coast to beyond Airport Road will begin next year Ifyi Christopher Tan CONSTRUCTION of South-east Asia's longest underground expressway stretching 9km from the East Coast to slightly beyond Airport Road will begin in the middle of next year. TheSource: LTA - 477 words
-
215 2000-08-12 7 AN apartment block will be launched in the Mount Sophia area this weekend at an average price of $900 per sq ft. The project, called CityVale, is at 70 Sophia Road and has 19 units, five of which have already been sold.215 words
-
Article, Illustration284 2000-08-12 7 Marissa Chew - I 3on the economy jobs Ify] Marissa Chew THE volume of job advertisements grew 35 per cent year on year in July but this was the slowest growth since a 38 per cent increase in June last year. Volume has been rising consistentlySource: SPH - 284 words
-
312 2000-08-12 7 Andrea Tan - By i Andrea Tan TWO law firms yet to get the go-ahead from the AttorneyGeneral's office for a formal law alliance or joint law venture (JLV) licence still have a chance. Attorney-General Chan Sek Keong had approved seven JLV licences as312 words
-
Article, Illustration494 2000-08-12 7 Tan Su Yen - New chairman dispels notion that it's rich and wasteful Tan Su Yen SOME people have the wrong idea about the Community Chest, says its new chairman, Jennie Chua. And such misperceptions must be cleared up if Singaporeans are to continue to support it.FILE PHOTO - 494 words
-
344 2000-08-12 7 Teh Hooi Ling - Cable would enable direct-dial access by 2003: Jakarta Post Teh Hooi Ling SINGAPORE Telecom and state-owned PT Telekomunikasi Indonesia are discussing laying a submarine cable between Singapore and Indonesia. Confirming the talks, a Sing Tel spokesman said yesterday: "They are still in344 words
-
459 2000-08-12 7 Narayana Narayana - mail ram Narayana Narayana I REFER to your leader "Clearing the unit-trust fog" (BT, Aug 4), which followed a bold headline "80% of CPF unit trusts lost money in Q2" (BT, Aug 3). By and large, your remarks are pertinent, including the snipe at459 words
-
-
Page 7 Advertisements
-
Advertisement101 2000-08-12 7 Since 1975 our worldwide staff of over i multi-disciplined professionals ly y Vd including lawyers, chartered accountants. 19,. 1 i chartered secretaries and bankers have k provided confidential and cost effective p jJ company formation in all the major low tax areas including: W u U "1 w <. Incorporation101 words
-
-
e-NEWS
-
Article, Illustration636 2000-08-12 8 NEW YORK Move to reach profitability sooner and avoid troubling aspects of business NYT TOYS *R' Us and Amazon.com said on Thursday that they were merging their online toy-sales units, an acknowledgment that selling toys on the Internet has been tooNYT; REUTERS - 636 words
-
303 2000-08-12 8 TOKYO Bloomberg THE Japan Association of Travel Agents says it's opposed to a plan by Japan's three major airlines to create a joint Internet company to sell airline tickets directly to the public, fearing it will cut lucrative commission sales. "WeBloomberg - 303 words
-
Article, Illustration47 2000-08-12 8 [OSAKA] A robot from Japan's automaker Daihatsu on show at a robot festival in Osaka yesterday. The robot which weighs 300 kilogrammes is controlled by an operator as it pulls a rickshaw at a maximum speed of 3 kilometres per hour. AFPAFP - 47 words
-
479 2000-08-12 8 TOKYO Reuters US NATIONAL security concerns over a Japanese firm's US$5.5 billion (559.4 billion) plan to buy web-host Verio Inc have apparently been resolved, the Wall Street Journal said in its electronic edition yesterday. The agreement would represent a major step towardsReuters - 479 words
-
169 2000-08-12 8 SUNNYVALE, California Bloomberg ADVANCED Micro Devices Inc, Intel Corps main rival in making computer microprocessors. released technical details of a new chip that could challenge Intel's powerful Itanium product. Advanced Micro's 64-bit chip, code-named Hammer, is scheduled for release at the endBloomberg - 169 words
-
207 2000-08-12 8 TRAVERSECITY, Michigan GM, Ford and D&imlerChrysler plan to shift design and engineering to the Internet Bloomberg GENERAL Motors Corp, Ford Motor Co and DaimlerChrysler will save US$lB.5 billion (5531.6 billion) during the next five years by shifting design andBloomberg - 207 words
-
418 2000-08-12 8 NEW YORK It cites concerns about intellectual property rights Reuters AMERICA Online Inc removed the search engine that locates music files in the MP3 format on its Winamp music player, AOL said on Thursday, citing concerns about intellectual property rights on the Web. "WeReuters - 418 words
-
e Briefs
-
Article113 2000-08-12 8 LAT [LOS ANGELES] A "freak technical" glitch at EBay Inc's online payment unit, Billpoint Inc, allowed some users to temporarily access personal information including credit card numbers —about other Billpoint customers, officials said. The San Jose, California company estimates that fewer than a dozen Billpoint usersLAT - 113 words
-
Article112 2000-08-12 8 Reuters [PALO ALTO, California] Microsoft Corp said this week it promoted several executives to lead its new "dot-Net" Internet project, creating a group that will oversee efforts to strengthen the company's focus on Web-based services. The executive reorganisation marks the company's third reshuffling in 18 months,Reuters - 112 words
-
68 2000-08-12 8 Bloomberg [SYDNEY] Qantas Airways Ltd said it would join AirNewCo, a website that allows airlines and suppliers to buy and sell products and services. Sydney-based Qantas said joining AirNewCo was part of the e-commerce strategy Australia's largest airline unveiled yesterday. AirNewCo allows airlines and suppliersBloomberg - 68 words
-
-
-
Page 9 Advertisements
-
Advertisement1111 2000-08-12 9 .«Vi s^Vi'-'*-,, 1 v,, j4* -< 9K9 ■Hi v y v v >J|^ :^Nt ''v- v aQHpr B f i f J fi f 4 f i AT mam M ATMS w f Overseas Union Bank Limited (Incorporated in the Republic of Singapore) v The Board of Directors of Overseas1,111 words
-
-
REGIONAL news
-
551 2000-08-12 10 WASHINGTON KL won't respond to IMF calls to change exchange rate: official Bloomberg Reuters AP THE International Monetary Fund (IMF) has applauded Malaysia's economic performance, praising policies adopted by a government that refused to heed its advice. Malaysia's government has "placed the economy onBloomberg; Reuters; AP - 551 words
-
332 2000-08-12 10 KUALA LUMPUR Move dampens talk of a possible lending rate hike Reuters MALAYSIA'S central bank said yesterday that its benchmark three-month intervention rate will remain unchanged at 5.5 per cent, dampening speculation of an imminent lending rate hike. Bank Negara also said thereReuters - 332 words
-
Article, Illustration309 2000-08-12 10 KUALA LUMPUR Reuters A LEADING Malaysian banker signed an agreement yesterday with an Italian animation company to produce a new season of a cartoon series. Azman Hashim's ArabMalaysian Corp signed a pact with Italian production company Rainbow S.r.l. to co-pro-duce the animated series, Tommy andReuters; FILE PHOTO - 309 words
-
MARKET moves
-
119 2000-08-12 10 Reuters SHARES of Malaysian leisure firm Resorts World skidded to a 12-month low yesterday, hurt by a cut in earnings estimates from Salomon Smith Barney. The stock fell 30 sen at RMB.IO after hitting an intra-day low of RM7.95, its lowest level since Aug 11,1999.Reuters - 119 words
-
Article69 2000-08-12 10 Reuters BANKING stocks Commerce Asset and Public Bank were actively traded, with Commerce losing 3.3 per cent or 35 sen at RM9.95. Public Bank closed two sen higher at RM3.16. Analysts said that unless domestic banks increase lending rates in tandem with a Bank Negara directive toReuters - 69 words
-
-
Article, Illustration488 2000-08-12 11 JAKARTA He says only duties delegated to VP, not authority; another clash with MPR seen AP Reuters AFTER handing over the day-to-day running of the cri-sis-ridden nation to his deputy earlier this week, Indonesia's President Abdurrahman Wahid said yesterday thatAP; Reuters; REUTERS - 488 words
-
544 2000-08-12 11 Quak Hiang Whai - Kevin Lee fotmd guilty of corruption, fraud Fromi Quak Hiang Whai in Hongkong THE former head of a US investment Arm, who had bribed a top official from the Government of Singapore Investment Corporation (GIC), was yesterday sentenced to six years in544 words
-
514 2000-08-12 11 MANILA Reuters AYALA Corp, the holding company of the Philippines' largest conglomerate, yesterday reported that first-half net profit fell 22 per cent, as the weak domestic economy drove down the earnings of its food and banking units. Ayala Corp said net incomeReuters - 514 words
-
316 2000-08-12 11 MANILA Official warns more may quit because of new law barring own account trading AFP BROKERS could desert the Philippine Stock Exchange in droves due to a new law which bars them from trading on their own accounts, a bourse official warned yesterday. His warningAFP - 316 words
-
642 2000-08-12 11 BANGKOK It could well torn out to be a blessing in disguise: analysts Reuters THE political demise of Prime Minister Chuan Leekpai's key strategist has shaken Thailand's government but analysts cautioned against any hasty conclusion that it represents a fatal blow for theReuters - 642 words
-
224 2000-08-12 11 JAKARTA Reuters THE Indonesian Bank Restructuring Agency, under pressure to get tough with recalcitrant debtors, has won its second bankruptcy case in a boost for the high-profile body. The Jakarta Commercial Court ruled zinc manufacturer PT Mahadjaja Gemilang bankrupt on Thursday for failing toReuters - 224 words
-
259 2000-08-12 13 HONGKONG Bloomberg CLOTHING chain Giordano International Ltd said net profit rose 31 per cent in the first half of2ooo, on strong sales in most of its markets. The company, which has 825 stores across Asia, the Middle East and Australia, said netBloomberg - 259 words
-
Article, Illustration499 2000-08-12 13 BEIJING Natural gas contract with Russia adds to deals worth USss.2b signed last month AP FROM the forests of Venezuela to the steppes of Central Asia, China is hunting for oil to feed its surging economy and possibly to startAP; FILE PHOTO - 499 words
-
268 2000-08-12 13 NEW DELHI Regulator is said to have recommended action against Microsoft unit Bloomberg THE Indian antitrust regulator's investigator has accused Microsoft Corp (India) Ltd of unfair trade practices. The investigative unit of the Monopolies and Restrictive Trade Practices Commission (MRTP) "has recommended action" byBloomberg - 268 words
-
325 2000-08-12 13 HONGKONG The red chip company sees 53% growth in port business Reuters CHINA Merchants Holdings (International) Co Ltd said on Thursday that first-half net profit grew 20.3 per cent to HK5511.89 million (*****.5 million) over a year ago, due to a 53 per centReuters - 325 words
-
-
Page 10 Advertisements
-
Advertisement1130 2000-08-12 10 I I I Overseas Union Trust Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Trust Limited wishes to announce 1 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2000 The Croup The Company Six months ended Six months ended 30-6-2000 30-6-1999 30-6-20001,130 words
-
-
Page 11 Advertisements
-
Advertisement22 2000-08-12 11 Create a romantic holiday for you and your loved one through The Straits Times Classified. t Buy h Scfl h. Find h.22 words
-
Advertisement93 2000-08-12 11 Ford Motor Credit Company Floating Rate Notes Due April 28,2005 Common Code No.: *****67 ISIN No.: U*****97 RX36 CUSIP No.: *****7 RX3 In accordance with the terms of the documents governing the above-refer-enced Notes, notice is hereby given that the Interest Rate per annum for the Interest Period commencing July93 words
-
-
Page 12 Advertisements
-
Advertisement21 2000-08-12 12 5W T 1 .ar**- »w ..> W _J jJ&T 1 1 >-''; z~.>-mf* x '< 2. r I y^*^ I i S,ngapo.aa«:»,,, J x.nd.'.4^6erof21 words
-
-
Page 13 Advertisements
-
Advertisement19 2000-08-12 13 \^B HHBHhB :^H IBSSBBhH liHf IhH IBHH^^^^^^^HfjPF r'^^ /H/l||l' f ■nMVB/mjfj M ,w iiUfn.' IVMKKW/ %7 a "•^t>k4ii^£ V;^'19 words
-
-
WORLD news
-
583 2000-08-12 14 LONDON Deal doubles its share of home loan market and extends its lead as biggest UK Internet bank Reuters Bloomberg BARCLAYS pic, Britain's third-largest bank, says it has agreed to buy Woolwich pic for £5.4 billion (5513.9 billion), more than doubling its shareReuters; Bloomberg - 583 words
-
Article, Illustration506 2000-08-12 14 AUSTIN (Texas) Revenue also at high but growth slows for 3rd quarter in a row NYT DELL Computer Corp reported record revenues and earnings on Thursday, beating analysts' estimates for its second fiscal quarter by a penny. But the company's revenue growthNYT; AFP - 506 words
-
Article, Illustration1370 2000-08-12 14 Desson Howe - A Washington Post film critic sees movie metaphor in the US presidential race By Desson Howe The Washington Post FORGET healthcare and handguns. The real war between George W Bush and A 1 Gore is cinematic. Like the stars ofThe Washington Post; REUTERS; AFP - 1,370 words
-
Article216 2000-08-12 14 SAN BERNARDINO, California Bloomberg CITIGROUP'S Salomon Smith Barney Inc and one of its brokers are being sued by San Bernardino County, California, which alleges that they defrauded the county and mishandled investments. The suit claims that Salomon bribed county officials in exchange for county businessBloomberg - 216 words
-
302 2000-08-12 14 NYT [ATLANTA] A 101-year-old great-grand-mother in a wheelchair busts up a family reunion because there's no Coke Classic. Two high school girls get into a fight at graduation because there's no Coke. And a Chinese foreign exchange student greeted at aNYT - 302 words
-
672 2000-08-12 15 SAN JOSE, California President of Frisco Fed bank still believes tight labour an inflation risk Reuters FEDERAL Reserve Bank of San Francisco president Robert Parry said on Thursday sustainable US growth could reach 5 per cent this year and next but the tight labourReuters - 672 words
-
228 2000-08-12 15 PHINICOUNDA Greece AFP A DRAMATIC underwater treasure hunt for Nazi riches pillaged from Greece's Jewish community during World War II Finally got underway yesterday off Greece's southern coast. The Greek boat Captan Babis, laden with hi-tech search equipment and aAFP - 228 words
-
WORLD Watch
-
84 2000-08-12 15 Reuters [TOKYOJ Japan's Ministry of Finance yesterday said that four brokerages including Goldman Sachs had won a race to lead-manage a lucrative sale of shares in telecoms giant Nippon Telegraph and Telephone Corp (NTT). Among 14 candidates, the MOF also picked Nomura Securities,Reuters - 84 words
-
Article88 2000-08-12 15 Bloomberg [MELBOURNE] Rio Tinto pic said it's won control of Australian iron ore producer North Ltd, clearing the way for the world's second biggest mining company to pursue cost savings from combining their operations. Rio said it has 54.2 per cent of North'sBloomberg - 88 words
-
Article90 2000-08-12 15 Reuters [NEW YORK) Drug giant Pfizer on Thursday said its chief executive officer William Steere, 64, will retire effective Jan 1,2001, and be replaced by Henry McKinnell, the company's president, who led the recently completed acquisition of rival Warner-Lambert. The move, announced inReuters - 90 words
-
61 2000-08-12 15 Bloomberg [LEVERKUSEN, Germany] Bayer AG's second-quarter profit fell below analysts' expectations as raw material prices dragged down chemical income even as the company benefited from higher healthcare earnings. Net income fell to 477 million euros (*****.1 million) from 1.28 billion euros in the same periodBloomberg - 61 words
-
-
Article, Illustration49 2000-08-12 15 [ZEEBRUGES, Belgium] An African street vendor, sculptured out of sand, showing a fancy clock to spectators, at the start of the fourth edition of the Sand Sculpture festival in Zeebruges in Belgium on Thursday. The theme of this year's festival is "Scenes of Africa APAP - 49 words
-
559 2000-08-12 15 NEW YORK Reuters MASTERCARD International would be dealt a "shattering" blow if the card network's member banks were allowed to issue American Express Co cards or forced to align with just one card brand, its chief executive said on Thursday. Robert Selander testified inReuters - 559 words
-
494 2000-08-12 15 MAINZ, Germany Analysts say Swisscom-backed reseller debitel may bow oat of the race Reuters A KEY German auction battle for new generation mobile phone licences topped 55 billion marks (5543.8 billion) yesterday, triggering speculation it was set to claim its first casualtyReuters - 494 words
-
535 2000-08-12 15 WASHINGTON July PPI likely to reassure Fed to keep rates steady Reuters US WHOLESALE prices were unchanged in July, helped by a dip in energy prices, the government said yesterday in a report likely to reassure the Federal Reserve it can leave interest rates unchangedReuters - 535 words
-
557 2000-08-12 15 NEW YORK Bloomberg MERRILL Lynch Co, seeking to catch up with rivals Morgan Stanley Dean Witter Co and Goldman Sachs Group Inc in managing share sales for technology companies, plans to consolidate and expand its venture capital investments, said people at the firm. MerrillBloomberg - 557 words
-
-
FINANCE & commodities
-
313 2000-08-12 16 Chan Yet San - SGZ Derivatives Tradingßeports ST Inde*/MSCI JPpore Index Chan Yet San THE Singapore stockmarket climbed for a second day. The Straits Times Index gained 16.67 points or 0.8 per cent to end at 2,101 points. Within the index, 28 counters advanced while 13313 words
-
245 2000-08-12 16 Chan Yet San - MS& Taiwan Index Chan Yet San THE Taiwan stock market closed lower again on continued profit-taking from Wednesday's big climb. The MSCI Taiwan Index fell 0.84 per cent to 353.52 points. Trading volume within the index was 551.99 million shares with 19 stocks up,245 words
-
190 2000-08-12 16 ENERGY REPORT Reuters [LONDON] Oil prices steadied yesterday following a blistering two-day rally fuelled by renewed concern over skimpy oil stockpiles in the United States, the world's biggest oU consumer. London's Brent crude oil has surged more than US$2 a barrel since the startReuters - 190 words
-
Article350 2000-08-12 16 Reuters London THE yen got little help from the first Japanese interest rate rise in a decade yesterday, even falling to one-week lows against a broadly stronger euro as the move sparked concerns about Japan's economic growth. The yen backtracked from highs seen after the Bank of JapanReuters - 350 words
-
Article, Illustration1249 2000-08-12 16 DfTERBAMK CROSS RATES Augll AS C$ twb too ffr Dm HKS (wd >» frptafc Yen Won tM N2$ Nit ts Hto 5$ Band Sir NTS 8airt PomiX US$ Australia 0.864 4.836 0.640 4.198 1.252 4.543 26.693 48.843 0.634 6.496 2.214 1.287 ***** 26.151 0.999 4.034 0.992 18.110 23.769 0.388 0.5831,249 words
-
Article1884 2000-08-12 16 SICOM FUTURES Aug 11 RUBBER (futures clostoq «it 5.30pm) RSS1 CONTRACTS centsAg) ClOM Volume Open Month HI* Low Sott (tomms) Interest Sep 00 108.00 108.00 109.00 100 Oct oo i».50 Nov 00 m.75 Dk 00 113.00 RSS 3 CONTRACT (US cwts/ig) VotoM Opt* Montfc Hig* Uw Sett (tomes) Interest S«p1,884 words
-
-
STOCKS east asia
-
Article, Illustration2857 2000-08-12 17 HONGKONG AFP P Hang Seng -118.79 HONGKONG share prices fell 0.7 per cent yesterday with profit-taking in thin trade dominated by Pacific Century CyberWorks (CyberWorks), dealers said. Investors preferred to remain sidelined before the US July producer price index data which willAFP - 2,857 words
-
2014 2000-08-12 17 TOKYO Reuters Q Nikkei 225 ****** TOKYO stocks closed firmer yesterday with investors deciding a possible end to zero interest rates, which the central bank was expected to announce later in the day, would have only a limited impact on the market. AnReuters - 2,014 words
-
Article, Illustration1063 2000-08-12 17 Reuters W% Shenzhen B Index +0.58 CHINA'S hard currency B shares ended up yesterday with Shanghai's B Index closing at the highest level in nearly three years as domestic and foreign investors built fresh positions, brokers said. Analysts said investors were confident the government would carry out market reforms,Reuters; Source: Credit Lyonnais Securities (Asia) Ltd - 1,063 words
-
Article392 2000-08-12 17 AFP nVP Index -50.04 TAIWAN share prices closed 0.6 per cent lower yesterday as investors continued to take profits after sharp gains earlier in the week, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 50.04 points to 7,974.65, on turnover of NT562.28 billion. "Some investors were eagerAFP - 392 words
-
-
Page 17 Advertisements
-
Advertisement20 2000-08-12 17 1 j», I Photo essay a creative way to recruit the riqht talents. iSrr- TBfci I I Izilljiiii^—' J 1800-741-188320 words
-
-
STOCKS klse
-
Article, Illustration455 2000-08-12 18 AFP AFX-Asia CI Composite Index -6.09 MALAYSIAN shares ended 0.8 per cent lower yesterday as investors took to the sidelines before the weekend and due to a lack of fresh leads, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 6.09 pointsAFP; AFX-Asia - 455 words
-
Article9020 2000-08-12 18 INDUSTRIALS ConsMMr products 2000 tut Vol Day Net Cap MH» L— ClH»ny *lf *000 HH> L— P/t $1 420 310 Ajinomoto 350 unch 1 350 350 19.1 1419 158 62 Aogl1454 68 -2.5 25 70 68 100.3 670 290 A potto Food Htg 462 unch 1 462 462 10.0 184.89,020 words
-
-
Page 18 Advertisements
-
SGX clob & regional stocks
-
Article3176 2000-08-12 19 BONDS A WARRAHTS A«gu m Ms ftml bptnr U-«M* Lot M My laiHim t<! tMd Cm bar Mat 1Mb M# In tm$mi Ml C««0) N# las hK kk Mn inMWk Mm llrt|T UN 51.5 14 s Acma ******4 14 -0.5 64 14.5 14 14 14.5 15 41.0 1 300 1733,176 words
-
Article310 2000-08-12 19 AFP CI Composite Index -7.07 SOUTH Korea's Composite Index closed down 7.07 points at 722.21. Volume was 298 million shares worth two trillion won. AFP *mii mot Arum Semi 9990 -210 Br»inT#ch 840 25 C*ntr«J B»n« 650 -10 Choil Comm *****0 0 DM Gu BjoU .2090 20 OMiong Corp..AFP - 310 words
-
Article271 2000-08-12 19 AFP n Composite Index +5.82 PHILIPPINE share prices closed 0.4 per cent higher yesterday as bargain hunting continued into a third day. The Philippine Stock Exchange Composite Index rose 5.62 points to close at 1,474.86. Volume fell to 443 million shares worth 490 million pesos. AFP Hm *h mmAFP - 271 words
-
Article275 2000-08-12 19 AFP QNZSE-40 -2.08 NEW Zealand shares dipped 0.1 per cent yesterday in dull trade with few leads from offshore markets, dealers said. The NZSE-40 Capital Index closed 2.08 points lower at 2,156.16, on total turnover of NZ5131.3 million. Contact Energy closed nine NZ cents down at NZ52.54. —AFP tainAFP - 275 words
-
Article571 2000-08-12 19 AFP QAU Ordinaries -4JW AUSTRALIAN share prices fell 0.1 per cent yesterday as a rise in resource stocks was unable to offset a lower industrial sector, brokers said. The All Ordinaries Index fell 4.9 points to 3,270.1 while the SP/ASX 200 closed down 6.2 points at 3,309.1. Media stocksAFP - 571 words
-
Article, Illustration768 2000-08-12 19 AFP F1 SET Index *7JB THE Thai stockmarket rose 2.3 per cent yesterday on speculative buying in communication and finance stocks, as buyers discounted Thursday's key corruption verdict against a ranking former minister, analysts said. The Stock Exchange of Thailand (SET) Composite Index gained 7.18 points to finish atAFP - 768 words
-
Article, Illustration697 2000-08-12 19 AFP □Composite Index +17J7 INDONESIAN share prices closed 3.5 per cent higher yesterday breaking through the 500 point mark on heavy foreign buying of blue chips amid optimism about a new presidential power-sharing arrangement, dealers said. The Jakarta Stock Exchange Composite Index yesterday closed up 17.17 points at 505.79AFP - 697 words
-
-
Page 19 Advertisements
-
Advertisement9 2000-08-12 19 Communication Tools Just imagine life without them. s«ah fwh.9 words
-
-
Article9549 2000-08-12 20 SGX MAXNBO ARD Transaction date:Aug 11 S2-wk Last Vol Day Last Quote 01* Mv YM Nat Cap A»g High Law Company Sak COOO) High In Buyar Seller C'vr P/C Smu Prlca MULTHNDUSTBY 163 101 m c Acme SOc "5 »2 28 115 112 113 115 S 4J 229,549 words
-
Page 20 Advertisements
-
Page 21 Advertisements
-
Advertisement288 2000-08-12 21 Where to wine, dine and entertain..rt Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: #23 (Adult), 40% discount (Child) Dinner: #26 (Adult), 40°/o discount (Child) For reservations, please call 290 8005/299 9011. Prices subject to service charge &govt. taxes including288 words
-
Advertisement59 2000-08-12 21 r v V: \V»U* v 1 I HOTEL GRAND CENTRAL LIMITED 22 Orchard Road/Cavenagh Road, Singapore *****7 i Tel: 737 9944 Ext 400/02 Fax: 733 3175 1 H over the others. 11 Advertise in Wine, Dine Entertain of The Business Times and reach out to 117,000 readers daily. Contact Patrick59 words
-
Advertisement32 2000-08-12 21 m m M &JXLXX a dream of A REDMANSIONS a Yangzhou feast at Pine Court Chinese Restaurant 4-12 August 2000 Reservations: 831-6262/66 333 Orchard Road Singapore 2)M67 M: 73/4411 Fax: 732 236132 words
-
-
Page 21 Miscellaneous
-
Miscellaneous931 2000-08-12 21 TVETCTS Central quest The Serpent And teri Intan Terpilih. 11.30 48 Hours. nnn am KiH« rontrai- Tho The Ice. IL3O Aksi Mat Yoyo. 12.30 AM Inside Edition. ■I' < —m 1 Buf Bug Show 12 0# 5! N ha Wenl Kahsia Haiwan. LOO Headlines w\ M Jain fiMio Hinl Wrong?931 words
-
Miscellaneous308 2000-08-12 21 CRYPTIC CROSSWORD ACROSS 5 Peers down on plant (5,3,6) 1 Agree to behave, eating mush- Travelled to old Wild West room (6) show (5) 4 Weapon in a catalogue is caus- 7 Opposite of what poem is? (7) ing unnecessary fear (8) 8 Scripture supports story of okj 10 Rides308 words
-
-
Page 22 Advertisements
-
Advertisement154 2000-08-12 22 W A* J mSBM BL V v L Bfc "-Jfc. V v To*u Announcing the launch OfT#J" project eyeball Newspaper f* August 15th, 2qo£ > Fantastic MoVie Extravaganza and loads <it fan. "v-v I ft-**- •w***--_- IE V J I r* *%w &«!*> V k, K. I BM3UjBPBBPMBM >**- r154 words
-
-
The Arts
-
Article, Illustration2186 2000-08-12 23 PARVATHI NAYAR - What exactly is video art and what makes it different from music videos, commercials, documentaries, video as a documenting tool and short films? The distinguishing factor, as PARVATHINAYAR finds out, lies in the intent behind the piece of film or video created PARVATHI NAYAR A S collage techniquePHOTO BY SIEW YAW HOONG - 2,186 words
-
COVER STORY
-
Article, Illustration974 2000-08-12 24 Parvathi Nayar - By Parvathi Nayar Dense feels like a quirky yet appropriate title for an exhibition on video art, given that most people regard it as a difficult-to-access art form. The two components of Dense are Tan Kai Syng's Chlorine Addiction and Heman Chong's Pale Testament. Tan, 25 returned toSIEW YAW HOONG - 974 words
-
Article, Illustration1056 2000-08-12 24 PARVATHI NAYAR - Fashion designer Bobby Chng may be a newbie in the art market but his enthusiasm is not lost on PARTATD NAYAR who finds out why he is selling his collection of over 200 paintings in his new gallery PARVATHI NAYAR A FEW months ago Bobby Chng floatedPHOTOS BY ARTHUR LEE - 1,056 words
-
-
THE ARTS
-
Article, Illustration671 2000-08-12 25 FELICIA YAP - Womad 2000 performers will share expertise with audiences in special workshops and master-classes, felicutaf reports FELICIA YAP IT won't be all show and no tell at this year's Womad's high energy festival in September. Besides the obvious entertainment factor, the visiting performers will share their thoughts and671 words
-
Article, Illustration679 2000-08-12 26 JOYCE KOH - Joyces koh meets a Japanese performance artist who tells of how she reconciles her role in Ong Keng Sen's The Spirits Play with her work as a sex worker JOYCE KOH THE events of World War II are about to be dug up in Ong Keng Sen's679 words
-
-
Article1803 2000-08-12 26 M Yasotha - Compiled by M Yasotha MUSIC Singapore Symphony Orchestra Great Classics: Beethoven Piano Concerto Cycle Italian pianist Giovanni Bellucci, recent winner of the World Piano Competition and former student of Lazar Berman, continues the Beethoven Piano Concerto Cycle with the Emperor Concerto, the great composer's exuberant piano showpiece. Guest1,803 words
-
Article, Illustration267 2000-08-12 26 Parvathi Nayar - -By\ Parvathi Nayar The buzz: Music For the SouJ, a concert of classical western music with a Pan-Asian flavour, the piano solos being played by the composer himself. Plot players: Dr John Sharpley is both pianist and award-winning composer, and has been living in Singapore since 1986. The composer-pianist267 words
-
-
Page 25 Advertisements
-
Advertisement171 2000-08-12 25 to Womad Sinwajjff 200(! gfe S *P< 1• 3 1 for the first 300 JPSRI for SlOO worth of >.•/:'. tickets. Make out your cheque today to World Stage Pte Ltd and send it with the order form to: i\'oi!(i'S/,''(.•( i 'ir I U> < I ii;ijl IU i\ i><'!171 words
-