The Business Times, 16 September 2000

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 22
1 22 The Business Times
  • 12 1 MITA(P) 035/12/199S 85C SIN GAPORE Internet: http://business-times.asial .com.sg/ SATURDAY, SEPTEMBER 16, 2000
    12 words
  • 72 1 Dsn 2,063J9 (-23.33) BT-SU 790u03 (-12.01) ST DfDEZ nmJKiS 2,0*00 (-10.00) SDD9CIPUTTIES 248*30 (-0.40) STOCK HA1KET INDICES Friday Change KLSE COMP 752.61 +5.44 NIKKEI 225 dosed HANOSENO *****53 -146.90 SET INDEX MM +€.09 JAKAKTA COMP __da*d MANILA COMP 1,450.91 +0.84 TAIPEI WPI 7,155.45 +ll« SEOUL COMP 62&20 -21J4
    72 words
  • 71 1 FOSEX BATES US# 1.741 £(US$/8$ per 1.411 1466 EUBO(USitft/E)_ 0.888 litl DM 1»1 1JZ94 YEN 197.4 11.70 RM 3.800 1183 HKS 7.738 4.480 BAHT 41.79 23.01 RUPIAH 8,690 4,992 PUMB BATES SINGAPORE* 5.80 KIJALA LTMPl'R 7.67 JAKARTA .3900 BANGKOK MM MANILA 11.00 HONGKONG 850 TAIPEI 7.84 SYDNEY 8.50 TOKYO
    71 words
  • 812 1  -  Bnt police say they are ascertaining authenticity of order From I Shoeb Kagda Reuters in Jakarta INDONESIAN President Abdurrahman Wahid yesterday ordered the arrest of former president Suharto's youngest son, Hutomo Mandala "Tommy" Putra. for being the alleged mastermind behind a
    Reuters  -  812 words
  • 425 1  -  -iiexclusive| Owner-occupied property could be dropped from Section 34 of Banking Act Reports by Siow Li Sen [SINGAPORE] The Monetary Authority of Singapore (MAS) is reviewing the 30 per cent ceiling on bank loans secured by property, with a view to excluding owner-oc-cupied
    425 words
  • 608 1 [SINGAPORE] OCBC Bank has gone for the jugular. It is slashing its fixed interest rates by up to 1.5 percentage points for the first two years of its housing loan packages. And for its popular package where interest is fixed for the first
    608 words
  • Article, Illustration
    58 1 [SYDNEY] The first Olympics of this century opened to a dazzling cultural display at the Olympic Stadium in Sydney yesterday. The visual feast, like this stunning dance celebrating Australia's Aborigines, will give way in the next two weeks to a test of strength, skill and speed among
    AP  -  58 words
  • 567 1  -  Utility's profit fell 12% last year despite 9% rise in revenue Byl Chuang Peck Ming [SINGAPORE] Singapore Power posted lower profit on higher revenue last year. But it has no immediate plan to raise power tariffs unless oil prices soar further. "Fuel
    567 words
  • Page 1 Advertisements
    • 92 1 IMSIDH Oil crisis Commentary: Present oil chaos doesn't reflect true situation. Pg 12 Crude oil prices up 2% as Iraqi fighter jets fly near Kuwait border. Pg 12 Top Stories Dos and don'ts for providers of telecom services. Next Pag* Three bourses eye joint bid for LSE. Pg 12 Tiger
      92 words
    • 11 1 Favourite son with a taste for the fast life, Pg 11
      11 words
    • 38 1 Spirited Oz-style kick-offfor the Games, Pg 7 Koreas inarch as one at opening, Pg 7 4% p'A ART SINGAPORE a who's who of contemporary Asian art The Arts. Back Page Ng Kee Choe is new chairman, Pg 8
      38 words

  • NEXT page
    • 563 2  -  IDA also releases the code building developers or owners must comply with By' Teh Hooi Ling [SINGAPORE] The Infocomm Development Authority of Singapore (IDA) yesterday released the Telecom Competition Code which spells out the dos and don'ts for service providers in the
      563 words
    • 937 2  -  While many Singaporeans are loath to take risks even when building careers and making money, Khoo Swee Chiow has put his job on hold to conquer mountains. He tells Anna, Too about treading the fine line, all the time Anna Teo WHEN American sprinter Maurice Greene lines
      937 words
    • ON THE grapevine
      • 88 2 WHAT do Manufacturers Hanover Trust, Chase Manhattan Bank, Hambrecht and Quist, Jardine Fleming and JP Morgan have in common? Answer: Chemistry. The five banks trace their links to Chemical Bank, which started the string of acquisitions that will now lead to the creation of the third-largest financial services
        88 words
      • Article, Illustration
        74 2 OCBC Bank yesterday showed journalists some of the concepts behind its impending blitz on the housing loan market. In particular, a photo showing a pair of male and female feet and legs side by side on a beach. But Y Y Chin, head of consumer financial services,
        74 words
    • 367 2 The two companies have settled on a basic plan: report AP [FRANKFURT] Deutsche Post AG was in Final talks yesterday to seal a takeover of global shipping giant DHL International in a deal to catapult Germany's govern-ment-owned post office into a major competitor
      AP  -  367 words

  • SINGAPORE companies
    • 663 3  -  Shortfall is due to $25m loss from associates, which analysts had not anticipated By] Kalpana Rashiwala QUEK Leng Chan's First Capital Corporation (FCC) has reported a lower-than-expected full-year group net profit of $55 million. Although the result is a turnaround from the
      663 words
    • 718 3  -  IWWM lock siew tang weng fai IT seems like a lifetime since the pricking of the Nasdaq bubble in March this year sent investors scurrying away from high-tech stocks worldwide. Now, six months later, there are indications there may be a change
      718 words
    • 423 3  -  By Serena Ng SING Lun Holdings yesterday said that the IPO application of Foo Sen Yue, wife of the firm's chairman and managing director Patrick Lee, had been rejected because she had not filled up the application form properly. The garment manufacturer
      423 words
    • 315 3  -  Group's turnover halves to $59m in the first half By Serena Ng CONSTRUCTION company Hwa Hong Corporation said yesterday interim net profit slipped 12 per cent to $5.57 million on a sharp fall in turnover. Revenue for the six months to June
      315 words
    • 302 4  -  Thanks to better margins at Gardenia, turnaround in overseas bakeries By David Boey FOOD maker QAF has posted a 6 per cent rise in interim earnings to $6.77 million, thanks to better margins at its Singapore Gardenia bakery and a turnaround at its
      FILE PHOTO  -  302 words
    • 158 4 Group says it's to refinance existing borrowings Bloomberg CENTREPOINT Properties Ltd, one of Singapore's largest suburban mall owners, plans to sell as much as Ssl.l billion of bonds by the First quarter of 2001 to refinance debt. The company,
      Bloomberg  -  158 words
    • 180 4 AFX-Asia KEPPEL Fels Energy Infrastructure Ltd will remain listed after the planned merger of its shipyard operations with Keppel Hitachi Zosen, a spokeswoman for the Keppel group said yesterday. Keppel Fels's shipyard and other related business will be injected into Keppel Hitachi
      AFX-Asia  -  180 words
    • COMPANY Briefs
      • 45 4 DBS Land said the liquidators of Arcticool Engineering Co have filed a High Court petition to wind up Quantum M&E Engineering Services, which is a partially-owned subsidiary of DBS Land, in relation to a claim of $1.3 million
        45 words
      • 99 4 C2C, a submarine cable company spearheaded by Singapore Telecom, has signed a memorandum of understanding (MOU) with PT Telekomunikasi Indonesia (PT Telkom) to explore the possibility of working together on the former's cable network. PT Telkom is the principal provider of local and domestic
        99 words
      • 68 4 ENG Kong Holdings yesterday reported a 64 per cent fall in net earnings to $967,000 for the year ended June 30 as turnover slid to $37.6 million from $42.9 million. Earnings per share tumbled to 0.54 cents from 1.51 cents previously while
        68 words
      • 75 4 SING APURA Building Society reported an almost unchanged net profit of $4.07 million although revenues fell 19 per cent to $19.7 million for the year ended June 30. The group is proposing a dividend of six cents per share and a special dividend of
        75 words
      • 83 4 TSM Resources yesterday posted a marginal 2 per cent increase in interim net profit to $510,000 on a 7 per cent drop in turnover to $3.52 million due to a slowdown in the Singapore property market The company, which supplies granite and marble products
        83 words
      • 86 4 INTERNATIONAL Press Soft corn's profit for the six months ended June 30 fell 29 per cent to $4.32 million even though sales rose 24 pa* cent to $32.46 million. Earnings per share fell to 1.03 cents from 1.64 cents, while net tangible assets per
        86 words
      • 78 4 SEMBAWANG Kim trans reported flat profit of $2.07 million on turnover of million for the six months ended June 30. Earnings per share was marginally lower at 0.81 cents as compared to 0.82 cents in the same period a year earlier, and net tangible assets
        78 words
    • 4386 4 W«n IN L«M>M) Jun 30 P 1*7.057 WW 53.3 2U 0a4a TT LY IT IY I n»jf »lut Apr 13 P 1593 0.2« 2.90 04* emmm mm am Quo w» aw LkMNm sapoi i m*ti 14.4m. 7.01 km. -tt- MCL Lana Auq 02 I 9.006 *****
      4,386 words
  • Page 3 Advertisements
    • 117 3 Since 1975 our worldwide staff of over 275 multi-disciplined professionals 1 A 1 W '1 including lawyers, chartered accountants. k V chartered secretaries and bankers have J V provided confidential and cost effective J& company formation in all the major low IP tax areas including Incorporation Fees from USSSOO The
      117 words


  • MAIL bag
    • 410 5  -  Fun Yip (Ms) Marketing Communications National Science Technology Board I REFER to the letter "S'pore venture capitalists not daring enough" (Mailbag, Sept 11). We would like to highlight that the National Science and Technology Board (NSTB) is committed to developing technopreneurship in Singapore.
      410 words
    • 186 5  -  Patrick Peck I REFER to the letter "Why do we need financial analysis?" (Mailbag, Sept 12) by Chan Wing Kee. I hope Mr Chan still has a clear memory of what happened during the recent regional economic crisis. We should reflect on the lessons
      186 words
    • 248 5  -  Ong Jhon Seon I REFER to the article "If we erred with $2b, it's on side of caution: IDA consultant" (BT Sept 15). The greater issue here is not whether the consultant has got the correct formulae, but the correct answer. I think they
      248 words
    • 773 5  -  Seow Nee Shek President General Insurance Association of Singapore WE refer to the column "Insurers need to improve practices" by Christopher Tan (BT Motoring Page, Sept 7). We would like to respond to certain misconceptions in his article. Mr Tan gave the impression that
      773 words
  • Page 5 Advertisements
    • 262 5 We welcome letters. E-mail us at btietterQsph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in mind
      262 words

  • SINGAPORE markets
    • 183 6  -  WARRANT WATCH By Ven Sreenivasan THE Haw Par warrant was a prominent loser yesterday, tumbling eight cents or 6.6 per cent to $1.21. A total 0f20,000 units changed hands. Meanwhile, the underlying stock slipped four cents to $3.02 on 194,000 shares traded. The
      183 words
    • 480 6 Stocks V£. Volume StagLunfQC...'— 15,043,000 EutomA*.. 10.366,000 PacC**MLCW*****5 10,236,000 8,859,000 Ch«(t Semiconductor 26c 8,000,000 Trek5c 7.679.000 SingTel 15c 7.215.00C PKr«ch'5C...... 6,640,000 PNEhdlOc 6 £73,000 Cytech HKSc 5,876.000 Slocks > Chart Semiconductor 26c 111,029,095 PacificCentury 63,102,700 SPH 48.700,000 DBSGrp 39,670,009 SIA 25,305,992 VentureMfg25c 20,775,476 SingTel 15c 20,135,770 DOB 19.464,418 OC8C 17,084,449
      480 words
    • 557 6  -  comment STOCKS ven sreenivasan IT was another bearish day on the Singapore bourse, which fell for the ninth straight session as oil price and currency jitters dampened sentiment. But trading volume was significantly higher than in the previous four days,
      557 words
    • 221 6  -  HOT STOCK By Serena Ng PARKWAY Holdings was one of yesterday's top gainers in an overall bear market. But its run is likely to be short-lived and we can expect further downside soon. The counter closed 14 cents higher at $3.78 with 995,000 shares
      221 words
    • 164 6 ♦FRASER and Neave Ltd will hold its EGM on Oct 4at 10.00 am, 438 Alexandra Rd, Level 2 Alexandra Point ♦PENTEX-SCHWEIZER Circuits is now trading cum-dividend (final dividend of one cent tax exempt) until Dec 7. It will go ex-dividend on Dec 8. Last day for buying-in on
      164 words
    • 343 6  -  l-l I comment CURRENCIES larry wee AN early advance by regional currencies was quickly snuffed out in Asian trading yesterday, and regional currencies ended lower again, especially with the Japanese markets closed and not helped by the euro's failure to hold on
      Source: Reuters  -  343 words
  • Page 6 Advertisements
    • 209 6 The Singapore 1000 and Singapore SME MORtis tfte nation's only annual performance ranking based on finandal ieiuli. Are you ready to be counted? I To qualify lor *****, your company moth U a) be registered wrfh the RCB as a limited or private limited company. (for exemot nt'ivtite limited fompontei.
      209 words
    • 44 6 Grow Your CPF With eiBht Important All applications for units in eight must be made on the application forms accompanying the prospectus Investors must tead the prospectus The value of the units and the income from them may fall as well as rise ©IXtSBA/Jh
      44 words

  • SYDNEY 2000
    • 819 7 Sydney stages a colourful spectacle of diversity and diplomacy AP [SYDNEY] THUNDERING horses and an army of fire-breathing humans welcomed the world to Sydney as the first Olympics of the new millennium kicked off yesterday with a stunning blend of cultural diversity and sports
      AP  -  819 words
    • 374 7 Thanks to intervention by Samaranch, president of the lOC Reuters [SYDNEY] The Cold War between the two Koreas melted at the opening ceremony of the Olympic Games yesterday, and the crowd gave a rousing standing ovation. For the first time in Olympic history, athletes
      Reuters  -  374 words
    • 391 7 NYT [SYDNEY] Can you beat the market by investing in companies that sponsor the Olympic Games, companies with global visibility and world-class products? Yes. And no. Two of six big Georgia-based companies that spent big bucks on the 1996 Olympic Games in Atlanta are well
      NYT  -  391 words

  • SINGAPORE news
    • 440 8  -  Economists' forecasts range from 13% to 18-5%; official figure due Monday By* Chuang Peck Ming ECONOMISTS reckon that Singapore's non-oil domestic exports have continued to grow strongly in August at about 15 per cent, though some say the pace may have eased a little.
      440 words
    • 197 8 TWO senior civil servants Peter Chan and Tan Guong Ching will switch positions from Oct 1. Mr Chan, permanent secretary (home affairs), will take over as chief executive officer of the Housing and Development Board from Mr Tan. In turn, he will
      197 words
    • 477 8  -  Ho Kwon Ping dismisses talk he will be new SIA chief Byi Chuang Peck Ming Singapore Power has appointed three new directors to its board, including banker Ng Kee Choe who yesterday replaced businessman Ho Kwon Ping as non-executive chairman of
      FILE PHOTO  -  477 words
    • 338 8  -  Analysts estimate project could rake in pre-tax profit of $110m-sl2lm By] Marissa Chew MORE than 10 units of upmarket The Ladyhill condominium was taken up last night by the time the preview was halfway through, said sources who were at the
      FILE PHOTO  -  338 words
    • 637 8  -  It bays space in upper block of Grand Millennium Plaza for HKSI.3 billion From i Quak Hiang Whai in Hongkong THE Singapore government continues to aggressively expand its East Asian property portfolio as Government of Singapore Investment Corporation (GIC) yesterday clinched another
      637 words
    • 246 8  -  Maersk will still call here although its transhipment operations will move to Pelepas Byi Andrea Tan PSA Corp and Maersk Sealand are finalising negotiations on a new commercial services deal from Oct 1. Maersk's recent decision to call at Malaysia's Tanjung Pelepas port
      246 words
    • 208 8 AFX-Asia [KUALA LUMPUR] Work on the new one-kilometre bridge to replace the Malaysia-Sin-gapore Causeway is expected to start by year's end, commencing with construction of the Customs, Immigration and Quarantine (CIQ) complex, The Star reported, quoting Johor state Works and Public
      AFX-Asia  -  208 words
    • 248 8  -  I =ft =1 on the economy retail sales By Vivien Ng RETAIL sales continued to climb in July, with vehicle sales powering a 31.2 per cent year-on-year rise. Figures from the Department of Statistics show vehicle sales surged 76.1 per cent during the
      Source  -  248 words
  • Page 8 Advertisements

  • e-NEWS
    • 640 9 Cable Wireless may sell parts of C&W Optus SYDNEY Move may spark bidding war by global telcos for the assets Bloom berg CABLE Wireless Pic plans to sell parts of Cable Wireless Optus Ltd, setting up a potential bidding war for the assets from a number of buyers including Singapore
      Bloom berg  -  640 words
    • 256 9 NEW YORK Bloomberg MEDALLION Financial Corp and Yahoo! Inc rolled out 10 Internet-enabled taxis in New York equipped with Palm Inc's Palm Pilot 7 handheld computers, so passengers can surf the Web for free while on the move. The so-called
      Bloomberg; AP  -  256 words
    • 584 9 NEW YORK It's a leaner model, focusing mostly on searching NYT GO, which was Walt Disney Co's attempt to build an Internet portal to take on the likes of Yahoo!, was set to start testing a new design from yesterday. For users, it
      NYT  -  584 words
    • 470 9 NEW YORK Reuters ORACLE Corp, the world's biggest database software maker, on Thursday posted first quarter profit that beat Wall Street estimates on improved margins as the company continues to cut its costs. The Redwood Shores, Cali-fornia-based company also announced a two-for-one stock
      Reuters  -  470 words
    • 301 9 HONGKONG It will team up with Investor to bnild the network in Sweden AFP HONGKONG-BASED conglomerate Hutchison Whampoa Ltd will join forces with Investor AB of Sweden to build a US$3.B billion (556.6 billion) high speed wireless network in Sweden, the Hong Kong
      AFP  -  301 words
  • Page 9 Advertisements
    • 625 9 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 VtM agricultural bank of china 1 (INCORPORATED IN THE PEOPLE'S REPUBLIC OF CHINA) HEAD OFFICE: No. Jia 23 Fuxing Road, Beijing China. PostCode: *****6 Tel: (010)6847 5346 Fax:(101)6847 5321 v SINGAPORE BRANCH: 80 Raffles Place #27-20 UOB Plaza 2.
      625 words

  • REGIONAL news
    • 380 10 KUALA LUMPUR CPI expected to rise farther as ringgit's peg to US$ drives up import cost Bloomberg MALAYSIAN inflation rose at its fastest pace in four months as increased costs for transportation and fuel more than offset a drop in clothing
      Bloomberg  -  380 words
    • 396 10  -  From Harish Mehta in Bangkok SKYTRAIN, the operator of Bangkok's nine-month-old elevated railway, has secured the go-ahead to list on the Stock Exchange of Thailand, but the troubled transit system is expected to make losses for at least two years as ridership is
      FILE PHOTO  -  396 words
    • 242 10 KUALA LUMPUR AFP THE memoirs of Singapore's founding father Lee Kuan Yew will not strain good relations with Malaysia, the foreign ministry here said yesterday. Malaysia reacted angrily to Mr Lee's first volume of memoirs, published in 1998. It took issue with
      AFP; SIEW YAW HOONG  -  242 words
    • 352 10 LONDON Chase banker says that the bonds will mature in 2009 MALAYSIA is marketing US$35O million (Ss6o9 million) of bonds to investors to repay debt coming due before the end of October, a banker at Chase Manhattan Corp. which is handling the
      352 words
    • 626 10 KUALA LUMPUR Bloomberg CARLSBERG Brewery Malaysia Bhd, Malaysia's top brewer, and rival Guinness Anchor Bhd are hurting. The culprit: coffee. In malls across Kuala Lumpur, sipping lattes or cappuccinos at outlets like Starbucks is becoming hugely popular. Good for the Seat-tle-based coffee
      Bloomberg  -  626 words
    • MARKET moves
      • 76 10 BANK shares rose as investors bet that Malayan Banking Bhd and other lenders would give better returns than property developers, which are still struggling with poor property sales. Property sales fell 5.3 per cent in the first half ended June, compared with six months earlier.
        76 words
      • 52 10 Bintai at 3 1 /2-month high BINTAI Kinden Bhd rose 40 sen, or 3.8 per cent, to RM 10.90, its highest in three-and-a-half months. The engineering company said it's negotiating to be the contractor of two projects in the east Malaysian state of Sabah. It will give details after getting
        52 words
      • 53 10 Compiled from Bloomberg TECHNO Asia Holdings Bhd. a property, power generation and plantations company, fell 22 sen, or 20 per cent, to 86 sen. its biggest drop in a week. The company said one of its lenders started foreclosure proceedings on a plot of land owned
        Compiled from Bloomberg  -  53 words
    • 435 10 KUALA LUMPUR AFX Asia UNITED Engineers Malaysia Bhd (UEM) aims to list its subsidiary Projek Lebuhraya Utara Selatan (Plus) by January next year, the New Straits Times reported, quoting United Engineers managing director Ramli Mohamad. The listing exercise could not
      AFX Asia  -  435 words
    • 766 11 SINGAPORE Economists raise growth forecasts for HE, S'pore, China, Australia, M'sia Reuters GROWTH forecasts for much of Asia have been raised once again after a generally stellar first half performance, although a few nations with persistent domestic problems bucked the trend. Reuters' polls
      Reuters  -  766 words
    • 382 11 BEIJING Reuters TAKING advantage of an economic turnaround, China plans to launch its first global bond issue in nearly two years and analysts said yesterday they expected the offer to find ready buyers. China could go to the market in
      Reuters  -  382 words
    • 355 11 JAKARTA Reuters AN Indonesian foreign debt workout entity believes it can reach a US$lO billion (Ssl7 billion) target in restructured obligations by the year's end, but is wary of political instability undermining its efforts. "We have already restructured US$5.2 billion and the target is
      Reuters  -  355 words
    • 317 11 BEIJING He confesses to raking in millions from smuggling scams across the country AFP CHINA'S former deputy police chief is likely to be executed after he confessed to raking in millions of dollars in a string of enormous smuggling scams across the country,
      AFP  -  317 words
    • 666 11 TOMMY SUHARTO Tales of Tommy Suharto's appetite for gambling, racing abound in Jakarta AFP [JAKARTA] Hutomo Mandala Putra, more commonly known as Tommy, whose arrest is being sought by Indonesian President in connection with the explosion on Wednesday at the Jakarta
      AFP; AP FILE PHOTO  -  666 words
  • Page 10 Advertisements
    • 414 10 To advertise call toll-free 1800-741 1883 nU X IvlllJ Fax No 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF INTELLICASH PTE LTD (In Members' Voluntary l iquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap.
      414 words
    • 16 10 FOOD/ ENTERTAINMENT f| The Straits Times Classified. Classifications 5 36. Buy it. s«u h. Find h
      16 words

  • Page 11 Advertisements
    • 409 11 EXECUTIVE APPOINTMENTS I•> a«l\crlisv tall lull-live IN<M»-741 IXS.< I ,i\ No: 741 I2'»S fWHEN IT COMES DOWN TO BUSINESS, HOW FLEXIBLY CAN YOU THINK? Philips can offer your career spectacular opportunities to positively glow. We're a global leader in lighting, as weU as colour television sets, electric shavers, color picture
      409 words

  • WORLD news
    • 525 12 US CPI falls in Aug the 1st time in 14 years WASHINGTON Sharp drop in energy costs swamp price hikes in items snch as clothes, drugs AP Bloomberg CONSUMER prices fell in August, posting their first decline in 14 years as a sharp drop in energy costs swamped higher prices
      AP; Bloomberg  -  525 words
    • 690 12 LONDON Deutsche Boerse, Milan, Madrid exchanges said to be keen; Nasdaq may also join in Reuters FT FRANKFURT'S Deutsche Boerse and the Milan and Madrid stock exchanges are considering making a friendly bid for the London Stock Exchange (LSE) with the US Nasdaq
      Reuters; FT  -  690 words
    • 296 12 WASHINGTON AP US President Bill Clinton welcomed Indian Prime Minister Atal Bihari Vajpayee to the White House yesterday and praised his commitment to impose a voluntary moratorium on further nuclear testing. With Mr Vajpayee standing at his side on an idyllic late summer day,
      AP  -  296 words
    • 761 12  -  l-i comment OIL CRISIS Experts say the crude supply data suggests the market is not unduly tight anthony rowley AS chaos caused by "direct action" against rising oil prices continues to mount across Europe, some experts are claiming that the situation reflects a
      761 words
    • 683 12 Iraq accuses Kuwait of stealing oil, flies jets near its neighbour's border Bloomberg Reuters AFP [LONDON] Crude oil rose more than 2 per cent yesterday as Iraq accused Kuwait of stealing oil and flew fighter jets near its Persian Gulf neighbour's border,
      Bloomberg; Reuters; AFP  -  683 words
    • 419 13 WASHINGTON Congress will resolve remaining conflicts, overhaul futures law Bloomberg US regulators have signed an accord on how to oversee sin-gle-stock futures, ending an 18-year dispute between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and giving lawmakers a
      Bloomberg  -  419 words
    • 466 13 Mice have a lot in common with us standard vertebrate layout and organs Reuters [WASHINGTON] RESEARCHERS rushing to read the billions of letters of code in the human genome are getting a boost from a humble source the mouse. Scientists at Celera Genomics
      Reuters  -  466 words
    • 529 13 AP TIGER Woods has been setting records on the golf course all summer. Now, he is on the verge of a new benchmark an endorsement contract with Nike worth about US$lOO million (Ssl74 million), believed to be the richest in sports. Woods and
      AP  -  529 words
    • 537 13 SEOUL Move prompted by murky state of Daewoo's books, Firestone tyre recall Reuters AFP FORD Motor Co yesterday scrapped its 7.7 trillion won (Ssl.2 billion) bid to buy South Korea's debt-laden Daewoo Motor, dealing a blow to the country's corporate restructuring drive
      Reuters; AFP  -  537 words
    • 422 13 SAN FRANCISCO Discount broker reaches its goal 5 years earlier Bloomberg CHARLES Schwab Corp said assets topped US$l trillion (Ssl.7 trillion) in August, almost five years earlier than expected, as incentives for branch workers who land big accounts have helped boost fee
      Bloomberg  -  422 words
    • 502 13 WASHINGTON NYT IN a stinging and highly unusual rebuke of his Justice Department and the FBI, President Clinton said on Thursday that he was "quite troubled" by the government's actions in the Wen Ho Lee case. His comments came a day after a
      NYT; AP  -  502 words


  • FINANCE & commodities
    • 304 14  -  SGS Derivatives Ttadln&Report ST lnde*/MSCI S'pore Index Chan Yet San THE Singapore stock market ended the week with another decline yesterday. The Straits Times Index lost 23.33 points or 1.12 per cent to close at 2,053.69 points. Within the index, 12 counters advanced while
      304 words
    • 228 14  -  MSCI Taiwan Index Chan Yet San SHARES on the Taiwan stock market ended higher yesterday, led by technology stocks on Nasdaq's gain on Thursday. The MSCI Taiwan Index gained 2.68 points, or 0.86 per cent, to 315.87. Trading volume was heavy with about
      228 words
    • 203 14 Bloomberg [NEW YORK] Coffee prices fell more than 3 per cent yesterday, the biggest drop in a month, on signs that imports of beans from Latin America are overwhelming roaster demand. A report yesterday from the Green Coffee Association was expected to
      Bloomberg  -  203 words
    • 332 14 Reuters London THE euro gyrated yesterday, as repercussions from the European Central Bank's decision to sell interest income from its foreign exchange reserves, announced the previous day, continued to filter through the market. The euro hit the day's highs after the ECB said dealers should not be surprised
      Reuters  -  332 words
    • Article, Illustration
      1260 14 DTTERBAMK CROSS RATES Sep 15 A$ C$ Rmt Euro Ffr Dm HK$ Ind »s Bupiah Yen Wow EH WZ$ PHib Phq S$ Band Sfr NTS Mt Pound US$ Australia 0.819 4.569 0.634 4.157 1.239 4.293 25.196 47.843 0.592 6.167 2.092 1J09 30.229 25.089 0.958 3.928 0.972 17.150 23.010 0.390 0.551
      1,260 words
    • 1832 14 SICOM rurunES Sep 15 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACTS cents/kg) CIom Volume Open Month High Low Sett (towns) Interest Oct 00 113.75 Nov 00 115.50 Dec 00 116.75 Jan/Mar 001 120.00 RSS 3 CONTRACT (US c«nts/kg) Volumt Opto Month High Low Sett (tonnes) Interest Oct 00 64.75
      1,832 words

  • STOCKS east asia
    • 2831 15 HONGKONG AFP QHaogSeng -145-90 HONGKONG share prices fell 0.9 per cent yesterday led by property stocks, dealers said. The Hang Seng Index shed 145.90 points to close at 16,249.53, on turnover of HK510.39 billion. Dealers said many investors were sidelined ahead of
      AFP  -  2,831 words
    • 361 15 AFP F1 VP Index +3J6 TAIWAN share prices closed just marginally higher yesterday as late selling offset earlier gains, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 3.16 points to 7,155.45, on a turnover of NT595.83 billion. Decliners led advancers 369 to 146, with 113 issues unchanged.
      AFP  -  361 words
    • Article, Illustration
      1024 15 Reuters QShenzhenßlndex -0.04 CHINA'S hard currency B shares closed marginally lower yesterday in slow trade, wrapping up the week with four straight losing sessions as wary investors steered clear of the market. Brokers said technical indicators showed signs of further nearterm weakness ahead and investors could remain on the
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,024 words
  • Page 15 Advertisements
    • 43 15 TheßusinessTimes INTELLIGENCE CHANGES EVERYTHING. The Tokyo market was closed yesterday Breaking good news! Fortune is really smiling on job seekers. Sunday RECRUIT in The Sunday Times brings you a feast of career opportunities, on top of your Saturday RECRUIT bumper. Bite into it!
      43 words

  • STOCKS klse
    • 424 16 AFP Q Composite Index +5.44 MALAYSIAN shares ended 0.7 per cent higher yesterday due to local buying interest in selected stocks, dealers said. The Kuala Lumpur Stock Exchange Composite Index closed up 5.44 points at 752.61. The Second Board index slipped 0.18 of a
      AFP  -  424 words
    • 8975 16 INDUSTRIALS Cmsmmt products 2000 Last Vol Day Nat Cap HMI Law CmM«v Sata "OOP High Law M $wM 420 310 AJinonvoto MO »J 141.9 158 56 Anqkasa 58 -I 5 58 58 85.5 670 290 Apollo Food Hlg 450 -4 2 454 450 9.8 180 0 3725 2700 BAT 50c
      8,975 words
  • Page 16 Advertisements

  • SGX clob & regional stocks
    • 3087 17 BOHDS A WARRAHTS m InH tnmj U*fy S2 L"f ¥*< D(T LartOaata >1 MM Can liar Hk mm M# Lot I Sato 000) Mtfk Lot *aya> M> Mn Mi) Ml* Mn (%> HOT<I Ml 51.5 7.5 S Acma W*****4 9 5 1 174 9.5 8 9 9.5 9 41.0 1
      3,087 words
    • 284 17 AFP Pftmpoateliidei -2L94 SOUTH Korean shares fell 3.4 per cent yesterday. The index eased 21.94 points to 628.20. Volume was 337 million shares worth 2.4 trillion won. AFP In (5 Ma *fAn»m Soml. -I- MSO -300 Br*mT«ch 795 15 Central B*o* 640 uncti Chotl Comm ***** -6900 Dm Cu
      AFP  -  284 words
    • Article, Illustration
      746 17 AFP PI SET Index +6.09 THAI stocks rose 2.1 per cent yesterday as concerns over the baht eased, analysts said. The Stock Exchange of Thailand (SET) Composite Index gained 6.09 points to 293.30 and the SET 50 index was 0.45 point higher at 20.37. Advancers led decliners 137 to
      AFP  -  746 words
    • 260 17 AFP QNZSE-40 -2&30 NEW Zealand stocks closed down 1.2 per cent yesterday with market leader Telecom New Zealand leading the way down, dealers said. The NZSE4O Capital Index closed 25.30 points lower at 2,055.22 points on light turnover of NZ566.6 million. Sa»H (000) Advantage HOS 2.35 -0.03 57 Air
      AFP  -  260 words
    • 540 17 AFP PAP Ordinaries -I3J AUSTRALIAN share prices fell 0.4 per cent yesterday due to a weak local currency and falls in the banking sector and major resource stocks, brokers said. The benchmark All Ordinaries index closed 13.6 points down at 3,280.5 points, while the SP/ASX 200 index fell 14.8
      AFP  -  540 words
    • 269 17 AFP n Composite Index *0.84 PHILIPPINE share prices rose fractionally yesterday with the Philippine Stock Exchange Composite Index up 0.84 points to 1,450.99. Volume rose to 3.87 billion shares worth 580.07 million pesos on Friday from 1.87 billion shares worth 1.25 billion pesos on Thursday. —AFP Sa*B m» *h
      AFP  -  269 words
  • Page 17 Advertisements
    • 42 17 your home INTELLIGENCE CHANGES EVERYTHING. THEBUSINESSTIMES The Jakarta market was dosed yesterday The secret of success Taking the right course, of course. Study the wide range of courses available in the Education/Training Section in the Classified Classifications 700 to 799 fw CATS.
      42 words

  • 9801 18 SGX MAINBOARD Transaction date: Sep 15 6r Or M *rt 32-wk Last V«4 Day Lilt Quota Dlv Otv VM N«t Cap Ayg High Low Company Sat# COOO) High Low Buyer Sollor C'vr P/E Smli Price MMHNDUSTRY 143 86 me Acme 50c 92 o 1092 92 86 92 923
    9,801 words
  • Page 18 Advertisements

  • Page 19 Advertisements
    • 333 19 Where to wine, dine and entertain..."™? M Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: #25.80 (Adult), 40% discount (Child) Dinner: $26.80 (Adult), 40% discount (Child) For reservations, please call 290 8005/299 9011. Prices subject to semct charge &govt. taxes
      333 words
    • 60 19 I A Taste Of Tuscany j ITALIAN FOOD WINE PROMOTION 14 24 September 2000 Knjoy Italian dining H| at its gourmet best by Chef Gianni Malagoii JS of (ienoa at Top of the *M' Revolving BEb Restaurant. Reservations: H 831 6288 58 Popular demand! JimJmL S .Vj| i 13 Orchard
      60 words
  • Page 19 Miscellaneous
    • 420 19 Central ma <**■■■■■■■■■ Heats(L). Ha.oo Kitls 1-30 J^ ies GGa s Vi J»00 %M 0 iM Picruc Antokshari. S w MTV Mandarin Top 10 avventura. 440 Haadshah. an rama PM 10 M <LOO Olympics: Boxing (L). Bioo 1230 ToOutdoor. 7 SSnln IUSS 7.30 Savoir Faire. IOJJO Olympics 2000 Report. *~30
      420 words
    • 271 19 CttYPTIC CROSSWORD ACROSS 5 Ring and cancel American (7) 1 The British want aesthetic plea- 6 Pnmate tnes a new rector (7) sure from a horse story (5,6) 7 No soM grounds for this bad 9 Periods must appear short to feeling, mainly (11) Dirtch humanist (7) 8 Sword wounded
      271 words

  • The Arts
    • Article, Illustration
      1570 20  -  Art Singapore promises a myriad palette showcasing hundreds of works from China, India and the region as well as S'pore. Besides being a fertile ground for art buyers and collectors, it offers opportunities to glean an overview of the trends and development of art and artists in Asia.
      1,570 words
    • Article, Illustration
      1306 21  -  Compiled by M Yasotha MUSIC Singapore Symphony Orchestra SSO Sounds of Asia Series/Flights of Fancy The SSO under Music Director Lan Shui is joined by American-Chinese violinist Jennifer Koh, winner of the 1994 Tchaikovsky International Violin Competition in the evergreen Butterfly Lovers Concerto, based on a popular Chinese
      1,306 words
    • Article, Illustration
      187 21  -  By Cheah Ui-Hoon The buzz: If you like a cappella and easy-listening music, catch the "Groovappella" performance presented by a professional trio from the Philippines. The plot and players: Annie, Gelo and Edward make the group 111 of a Kind and they will be presenting music of the past
      187 words
    • 751 22  -  By< Cheah Ui-Hoon THE 17 arts companies and groups which received $3.8 million from the National Arts Council (NAC) this year have given the unanimous "thumbs up" for the two new schemes the Two-Year and the Annual Grants to boost the arts sector. The general
      751 words
    • 615 22  -  In Tammy Wong's Journal, mß w Ul-HOON finds the theme of intimacy and isolation conveyed through the dancers' touches and looks CHEAH UI-HOON ONE of the key movements that strikes the first-time viewer of Tammy Wong's work is the number of times the female dancers carry the male
      615 words