The Business Times, 28 October 2000
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2000-10-28
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The Business Times
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Title Section13 2000-10-28 1 The BusinessSmes MITA(P) 035/12/1999 85C SINGAPORE SATURDAY, OCTOBER 28, 2000 Internet: http://business-times.asial .com.sg/13 words
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Article77 2000-10-28 1 □SR UOjM (-1-38.76) 78BA (+13.41) ST INDEX FUTTJIES MMjOO (+38.00) SQKSCI FUTUBES 25C130 (+5.50) STOCK MARKET INDICES Friday Change KLSE COUP 7fl.« -5.14 NIKKEI 225 14,***** -2 76.23 HAiNC SENO 14J02.46 -13.78 SET INDEX ***** -Ml JAKARTA COMP __***** -132 MANILA COMP —1,***** -875 TAIPEI WPI UM -136.6877 words
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Article72 2000-10-28 1 FOSEX KATES us$ s$ CSS 1764 £(USS/SS per 1433 UM EUR0<USS/S$/E) 0.832 1.4W DM -1360 134fl YEN 198.4 •1-80 RM -1800 1167 HKS 7.800 4.447 BAffT 43.73 24.93 RUP1AH 8.065 5,1«8 PRIME KATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA .39.00 BANGKOK J.50 MANILA 11.00 HONGKONG 8.50 TAIPEI 7.84 SYDNEY72 words
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763 2000-10-28 1 Eddie Toh - But market disappointed by retention of one-year lock-in From Eddie Toh in Kuala Lumpur THE Malaysian government further relaxed its regime of capital controls, but that was no sop to market players who were disappointed by the lack of goodies in the Budget763 words
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Article89 2000-10-28 1 THE headline to our Page One report yesterday, "CPF studying use of savings for older leasehold properties", erred in giving the impression that a CPF study on this subject is underway. As was quoted in the text of our report, this is what the particular paragraph in the CPF89 words
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Article, Illustration1142 2000-10-28 1 Lee Han Shih - Sales this year could be lower than daring Asian crisis years of 1997 and 1998 By Lee Han Shih [SINGAPORE] For the past six months, developers have done all they can to shore up prices of private housing units. They appear to have succeeded,Source: URA, HDB - 1,142 words
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503 2000-10-28 1 Andrea Tan - Several agents concede that they already undercut one another in any case Andrea Tan [SINGAPORE] ERA Real Estate, one of the largest agencies for Housing and Development Board resale flats, surprised the market yesterday by slashing its charges and doing away with503 words
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Advertisement67 2000-10-28 1 msmE 03 6conomh| SIOIMIIOVNB taWS^, Pg 14 Top Stories Govt to pump $200 m into wireless services, products. Pg 10 First half SIA profit up 93%. Mmxt Page Success of Asians in Silicon Valley lauded. Pg 11 Hackers break into Microsoft's computer network. Pg 11 Peso in freefall despite new67 words
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Advertisement20 2000-10-28 1 Incentives to lure M 'sian brains back, Pg 4 Relaxation of levy not enough to lure back funds, Pg 420 words
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Advertisement27 2000-10-28 1 Private property vacancies fall, Pg 3 Retail, office space prices gain in Q3, Pg 3 Prices of industrial space rise a slower 1.2% in Q3, Pg 327 words
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Advertisement162 2000-10-28 1 Win $20,000 Are Women Better Investors than Men? AsiaOneMarkets will launch on Monday an online, real-time stock game that pits men and women investors for a grand prize of $20,000 sponsored by Citibank. Participants in the six-week Citibank Stock Challenge will be given $1 million in virtual capital to invest162 words
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776 2000-10-28 2 Conrad Raj - Thanks to better loads, higher yields and contributions from Virgin Atlantic Byi Conrad Raj (SINGAPORE] Fuelled by better loads, higher yields and contributions from its newlyacquired 49 per cent stake in Virgin Atlantic, Singapore Airlines almost doubled its interim net profit. Group net776 words
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Article, Illustration724 2000-10-28 2 Audrey Tan - It may have breached EU laws in ECT takeover bid Fromi Audrey Tan in Hongkong TYCOON Li Ka-shing found himself on the defensive again yesterday as his Hutchison Port Holdings (HPH) denied that it was suffering a government backlash against its investments in China,724 words
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Article, Illustration466 2000-10-28 2 jaime ee - nOßPOßATEirciitigl jaime ee [SINGAPORE] Some actors work hard to earn an audience's applause. Some actors are known to get suicidal if they don't get any applause. And yet there are actors who say, "the heck with it", and provide their own applause. WhichTERENCE TAN/ST - 466 words
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Article, Illustration624 2000-10-28 2 Chuang Peck Ming, Eugene Low - A merger between S'pore, M'sia 'not a serious probability' Byi Chuang Peck Ming, Eugene Low [SINGAPORE] Sell the shares of local banks that are not moving fast with reforms, Senior Minister Lee Kuan Yew said last night. Speaking at aGEORGE GASCON/ST - 624 words
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ON THE grapevine
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118 2000-10-28 2 w HUNDREDS of lawyers from all over the Asia-Pacific are converging next week at the Shangri-La hotel on Orange Grove Road for the 4th Lawasia Business Law Conference. The theme for this year's conference, to be opened by Law Minister S Jayakumar on118 words
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139 2000-10-28 2 EVER wondered why US stock prices are quoted in fractions of a dollar and not decimals? Well, according to the latest Reuters Magazine, it could date back to the historical Spanish monetary system involving "pieces of eight". There's also a practical reason. In open139 words
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98 2000-10-28 2 TIMES are a-changing fast in Singapore's foreign exchange industry with the advent of electronic trading. Management, when asked about this, often say they are preparing for the future and have been helping traders make the transition by, for example, offering retraining. One98 words
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Page 2 Advertisements
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Advertisement10 2000-10-28 2 Interims of Sats, SLAEC in line with expectations, Pg 510 words
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URA stats
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Article, Illustration845 2000-10-28 3 Kalpana Rashiwala - URA data shows 12.1% vacancy rate for office space, 7.9% for private residential homes, 9% for private sector retail space By Kalpana Rashiwala VACANCY rates in the property market generally fell in the third quarter amid strong economic growth. The estimated value of vacant properties at845 words
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Article, Illustration480 2000-10-28 3 Andrea Tan - Office space prices edge up 2 J%, while retail space prices rise 4J% By. Andrea Tan THE office and retail markets have shrugged off the gloom surrounding the residential sector, chalking up price increases in the third quarter. The price of office spaceSource: URA - 480 words
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413 2000-10-28 3 Marissa Chew - By: Marissa Chew PRICES of industrial space, which surged 10.3 per cent in the second quarter, grew by just 1.2 per cent in the third quarter. Figures released by the Urban Redevelopment Authority yesterday showed that the capital values of413 words
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KL budget
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760 2000-10-28 4 Ling Su Ann, Neil Behrmann - By: Ling Su Ann, Neil Behrmann in London THE lifting of Malaysia's 10 per cent exit levy on stockmarket profits repatriated after one year is a move in the right direction, but it will not, by itself, be sufficient to attract760 words
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Article, Illustration614 2000-10-28 4 Diana Oon Abdullah, Ling Su Ann - Those with IT expertise will be offered tax-free remittance of income; PR carrot for sponse By] Diana Oon Abdullah, Ling Su Ann in Singapore MALAYSIA yesterday introduced incentives to lure IT experts working abroad to return as part of its 2001 Budget, although someAFP - 614 words
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601 2000-10-28 4 Diana Oon Abdullah - ECONOMIC REPORT 7% GDP estimate seen to be manageable but is at upper end of private sector predictions From Diana Oon Abdullah in Kuala Lumpur EXCEEDING some private sector forecasts, the Malaysian government expects the economy to grow by 7 per cent next year spurred by601 words
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459 2000-10-28 4 Eddie Toh - From Eddie Toh in Kuala Lumpur MALAYSIA'S investment in ports and airports is paying higher dividends, but it is still not enough to turn the services account around this year. Transportation services consisting of air passenger fare, port and airport disbursements,459 words
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Page 4 Advertisements
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Advertisement8 2000-10-28 4 The complete Malaysian 2001 Budget Speech is at:8 words
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SINGAPORE companies
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Article, Illustration709 2000-10-28 5 Serena Ng - SIAEC said strong growth in traffic at Changi Airport and the expansion of its range of services to carriers using the airport will lead to growth in its line maintenance and ramp handling operations. Sats' is np 4.2% to $92j$mARTHUR LEE - 709 words
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Article, Illustration411 2000-10-28 7 Vivien Ng - This will allow its flagship newspaper to cope with growing demand for full-colour ads By' Vivien Ng SINGAPORE Press Holdings will invest $262 million in high-tech printing equipment to cope with the fast-growing demand for full-colour advertisements in its flagship newspaper The Straits411 words
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Article, Illustration465 2000-10-28 8 Deal is first step in divesting food-related businesses: Bonstead QAF Ltd, the listed makers of Gardenia bread, will buy over rival brand Bonjour in a deal worth some $15 million. The vendor, listed Boustead Singapore, said it is selling BonjourFILE PHOTOS - 465 words
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716 2000-10-28 8 tang weng fai - lock siew] tang weng fai AS stock markets go, the technology sector is a notoriously volatile one. As recently as August, inital public offering (IPO) underwriters were cautiously bullish about the state of the local IPO market as a source of funding, reassuring716 words
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Article, Illustration329 2000-10-28 9 David Boey - Recessionary conditions in construction sector and cost overruns to blame, says company By\ David Boey CONSTRUCTION firm Chew Eu Hock Holdings said yesterday that it had gone into the red with a full-year net loss of $7.9 million, attributing it329 words
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Article, Illustration487 2000-10-28 9 MAS shares fell 26 sen to close at RM3.44 yesterday Bloomberg [KUALA LUMPUR] Swissair has denied it is interested in buying a stake in Malaysian Airline System Bhd from major shareholder Naluri Bhd. The Edge weekly magazine had reported earlierBloomberg; Source: Bloomberg - 487 words
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109 2000-10-28 9 FURNITURE retailer Courts has signed a deal with Sing Tel Mobile to move into the mobile phone market. Courts will offer a range of mobile phones and accessories with Sing Tel as its exclusive service provider. It will create instore telecommunications centres under the109 words
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Advertisement2311 2000-10-28 5 SinGAPORE AIRLinES LIITIITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Singapore Airlines Limited wishes to make the following announcement 1 UNAUDITED RNANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2000 THE GROUP THE COMPANY THE GROUP Financial Apr-Sap Apr-Sap Apr-Sap Apr-Sap yaar 2000 19092,311 words
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SINGAPORE markets
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Article, Illustration559 2000-10-28 6 r. sivanithy - I-li comment STOCKS r.sivanithy TRADERS fearing the worst after Nasdaq's 5.6 per cent tumble on Wednesday had a pleasant surprise yesterday when the local market turned in one of its best performances in recent times. The rally was fuelled possibly by gains in559 words
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Article, Illustration199 2000-10-28 6 R Sivanithy - WARRANT WATCH By] R Sivanithy TECH stocks recovered quite nicely yesterday, thanks to a Nasdaq rise overnight. If Nasdaq can stay out of too much trouble for a few sessions, we might be in for a bit of a mini-rally that199 words
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Article, Illustration233 2000-10-28 6 Serena Ng - HOT STOCK By Serena Ng THE stock of Singapore Telecommunications has been performing strongly in recent trading sessions and looks likely to see further upside. The counter yesterday closed six cents higher at $2.94, after hitting an intraday high of $2.99. Volume yesterday233 words
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Article158 2000-10-28 6 ♦HUP Seng Huat is going ex-dividend (first and final dividend of 0.3 cent) on Jan 9. Last day for buying-in on a cum basis is Jan 12. Date payable is Jan 19. ♦GRP is holding its AGM cm Nov 7 at 3pm, 11 Tanjong PenJuru Crescent ♦LC Development158 words
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Article, Illustration336 2000-10-28 6 larry wee - I-I i comment CURRENCIES larry wee LOCAL political worries, exacerbated by a still weak Nasdaq, as well as higher oil prices and renewed yen weakness put regional currencies on the defensive yesterday, with the Philippine peso again falling dramatically to newSource: Reuters - 336 words
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Article496 2000-10-28 6 Stock* Volume Nat Else 10c 26,536,000 NatSteel 50c 24,588,000 Omni Ind 10c 20,776,000 GES Intl Ltd 20c 14.315,000 Eastern Asia 13,786,000 PactfcCenturylOc 13.013,000 SingTel 15c 12,193,000 Chart Semiconductor 26c 7,507,000 PCI 25c 7,219,000 HK Land US 10c 6,423,000 Stock* NaiEtec 10c 117,382.770 Omni Ind 10c 58.032,860 Chart Semiconductor 26c 57,138,531496 words
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Advertisement162 2000-10-28 6 lexecutive appointments A I **<■ v 5 PERMASTEEUSA Group is a global leader in the design, manufacture and project management of building facade curtain wall system for prestigious buildings. We are looking for |li3£liSl£LlXSSmiifiS9£l fi to handle the Asia Pacific operations in Singapore, PRC (including Hong Kong), Taiwan, Korea, Thailand,162 words
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Advertisement22 2000-10-28 6 j j i 'mM is® The Straits Times Classified where mfi virtually avary j destination Is at your i fingertips. 1 j22 words
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Advertisement48 2000-10-28 6 Grow Your CPF With eiBht Important Ail applications for units n eitiht must be made on tfie apj; ca'cn terns accompanying the p'OspecK.: Investors must read tne prospectus T n e vaiue of units ana trie income from tnem may *aif as we as nse >I< H '.S >•48 words
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Advertisement1325 2000-10-28 7 SIA EPIGinEERinG COmPAnY LimiTED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of SIA Engineering Company Limited wishes to make the following announcement--1 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2000 GROUP COMPANY GROUP Financial Apr-Sep Apr-Sep Apr-Sep Apr-Sep Year 2000 1999 Change 2000 19991,325 words
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Advertisement999 2000-10-28 8 SATS (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Singapore Airport Terminal Services Limited (SATS) wishes to make the following announcement:1 UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2000 THE GROUP THE COMPANY THE GROUP Financial Apr-Sep Apr-Sep Apr-Sep Apr-Sep year 2000 1999999 words
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Article4686 2000-10-28 9 Net earn CM N LHT Hidgs Sep 19 I 0.777 1.188 0.39 0.79 Oato TV LY TY LY L-Jecol>er<j S«U I '4.582 ***** 8.60 7.40 (M (Sail lets) (cts) LiangHuat Sep 27 I 1.394 2363 0.26 047 52=8=3 a=i 15=2 1 LJ Links Island Sep 294,686 words
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SINGAPORE news
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Article, Illustration884 2000-10-28 10 Teh Hooi Ling - Aim is to make Singapore the nnclens for wireless activities in Asia By' Teh Hooi Ling THE government is setting aside $200 million from the auction of third generation (3G) mobile communications licences to develop wireless services and products in Singapore. MinisterFILE PHOTO - 884 words
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Article, Illustration236 2000-10-28 10 THE Singapore Furniture Design Centre at the IMM Building in Jurong has been revamped and renamed The Furniture Square in a bid to capture the retail market and boost revenues. Previously a showroom for the export market, the Design Centre has been revampedCHRISTOPHER LOH - 236 words
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296 2000-10-28 10 Carol Sim Singapore, via Internet - maili-- i i Carol Sim Singapore, via Internet WE are seeing fundamental changes in the securities market as a result of financial liberalisation. They include the commission structure, the admission of new broking members and fund managers, the relaxation of listing criteria and policy296 words
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342 2000-10-28 10 Paul Thompson - Rebranding will take place on Jan 1 next year Paul Thompson ANDERSEN Consulting (AC), whose office in Singapore dates back to 1975, will enter the year 2001 with a new name. On Jan 1,2001, the global management and technology consulting firm will change its342 words
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Article, Illustration224 2000-10-28 10 EXECUTIVES, managers and engineers in the manufacturing industry will be encouraged to use electricity more efficiently under a programme co-organised by the Public Utilities Board and Nanyang Technological University. PUB chief executive Khoo Chin Hean told BT the Executive Programme for Energy Conservation224 words
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536 2000-10-28 10 Anna Teo - P =17=4 on the economy investments By, Anna Teo SINGAPORE'S current economic upswing highlights a dependence on foreign direct investment (FDI) at a time when competition for foreign capital both in Asia and worldwide is hotting up, says Barclays Capital. And, driving home536 words
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Advertisement45 2000-10-28 10 mfr*%<o Commerce and Industry Y N0.47 HilJ Stwt r yT HHk| I 26th to 29th Oct (Thurs-Sun) H| 10am t06.30pm Artist's Contact: 9762 60 §> Goh b a tamous local artist who spedalises in painting and sculptures <ifthe lotus, Chinese y I calligraphy and Bufkihist art.45 words
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e-NEWS
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Article, Illustration779 2000-10-28 11 Jennifer Lien - Their strong support network, willingness to take risk and to adapt are some factors cited From, Jennifer Lien in Silicon Valley THE achievements of Asian entrepreneurs took the limelight on Thursday night at the formal launch of an Asian-American networking group here. AlthoughFILE PHOTO - 779 words
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Article, Illustration501 2000-10-28 11 Hackers appear to have gained access with a trojan; but CEO Ballmer says break-in not damaging AP [SEATTLE] Hackers broke into Microsoft Corp's computer network and may have stolen blueprints to the latest versions of the company's Windows and Office software. Microsoft confirmed the electronic break-in late ThursdayAP - 501 words
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308 2000-10-28 11 WASHINGTON Bloomberg THE US Federal Trade Commission released guidelines for maintaining Web-based business exchanges without running afoul of antitrust laws. Internet-based business-to-business exchanges, commonly known as B2Bs, made news in recent months as high-profile companies joined forces for such arrangements. UAL Corp'sBloomberg - 308 words
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516 2000-10-28 11 NEW YORK Reuters LEHMAN Brothers on Thursday again warned investors to "avoid" buying Amazon.com Inc's convertible bonds because the Internet retailer's cash level was even lower than recently thought. Having already warned that Amazon.com faces a potential cash squeeze from its vendors, LehmanReuters - 516 words
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517 2000-10-28 11 Reuters [NEW YORK] It won't be all smiles in the Internet photo business for too much longer. Industry experts are predicting a major shake-out in the online photo market as competitors vie to snap up customers and Internet companies get their funding cropped. "There'sReuters - 517 words
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REGIONAL news
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Article, Illustration572 2000-10-28 12 KUALA LUMPUR Terms being worked out with creditors' body; govt to take over the rail system Bloomberg MALAYSIA plans to spend about RMS billion (552.3 billion) to bail out Kuala Lumpur's light rail, run by Renong Bhd and other firms,Bloomberg; AFP - 572 words
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Article, Illustration341 2000-10-28 12 JAKARTA They say key suspect in affair insists the president is clean AP POLICE yesterday cleared Indonesian President Abdurrahman Wahid of involvement in a corruption scam as the embattled leader defended the record of his first year in office. Police said the key suspectAP - 341 words
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243 2000-10-28 12 KUALA LUMPUR Bloomberg MALAYSIA said it had sold about half of the bad loans it bought from the country's banks to clean up the banking industry after East Asia's financial crisis of 1997-1998. Pengurusan Danaharta Nasional Bhd, the country's asset management agency, hadBloomberg - 243 words
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235 2000-10-28 12 ■KUALA LUMPUR RETAIL chain operator Giant TMC Bhd, which is now 90 per cent-owned by Hongkong's Dairy Farm International Holdings Ltd, is in the midst of finalising its takeover of the Cold Storage and Wellsave supermarket chains in Malaysia. The Star reported235 words
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Article282 2000-10-28 12 JAKARTA Improvement in country's economy and banks themselves cited Bloomberg BANK Mandiri, Bank Negara Indonesia and six other banks had their debt and deposit ratings raised by Moody's Investors Service, which cited an improvement in both Indonesia's economy and the banks themselves. The upgrades, whichBloomberg - 282 words
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Article, Illustration945 2000-10-28 12 karim raslan - Thaksin's naked ambitions may Just do him In WRITERS w karim raslan WHEN it came to light two months ago that Thai telecoms tycoon and political aspirant Thaksin Shinawatra's household servants were among the world's richest domestic employees four of them, including his housekeeper, were945 words
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Article, Illustration575 2000-10-28 13 MANILA Moody's downgrades ratings outlook, warns crisis could have long-term effect AFP, AP THE Philippine peso closed at a fresh record low against the dollar yesterday, pressured by the country's unresolved political crisis and confusion arising from a new foreign exchange rule, traders said.AFP,; AP; AFP; REUTERS - 575 words
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122 2000-10-28 13 Reuters, AFP [MANILA] Philippine Vice-President Gloria Macapagal Arroyo, who is leading a chorus of demands that embattled President Joseph Estrada quit, yesterday rejected a proposal that the two share power. President Estrada also rejected the proposal. "I have enough good men around me, includingReuters,; AFP - 122 words
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553 2000-10-28 13 Audrey Tan - Bond issue to raise US$6OO million closed early From. Audrey Tan in Hongkong A STRONG take-up of China Mobile's share placement is expected when the offer closes on Monday, but analysts are divided on the longer term prospects for China's dominant mobile phone553 words
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95 2000-10-28 13 BEIJING AP AUDITORS have turned up US$ll billion (5518.7 billion) in mismanaged funds in Chinese government offices and businesses in a campaign to ferret out the graft eroding public confidence in communist rule, state media said yesterday. Chinese leaders ordered auditors to beginAP - 95 words
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351 2000-10-28 13 TAIPEI Chnnghwa tumbles daily 3J>% limit to NT$lOO.5O Reuters TAIWAN'S state giant Chunghwa Telecom made a dismal debut in the domestic stock market yesterday as recent sharp global corrections of telecoms stocks made it appear overpriced. Chunghwa tumbled the daily 3.5 per centReuters - 351 words
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249 2000-10-28 13 WASHINGTON Xiang, Summers lead their respective teams at joint economic committee meeting Reuters THE United States and China agreed, during a day of high-level talks at the US Treasury Department on Thursday, that China needs to move towards a more flexible currencyReuters - 249 words
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217 2000-10-28 13 TAIPEI Reuters TAIWAN Premier Chang Chun-hsiung said yesterday that his Cabinet has decided to stop construction of the island's fourth nuclear power plant, a move likely to ignite a partisan feud in the opposi-tion-dominated legislature. "We must make a rational, responsible and conscientiousReuters - 217 words
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Advertisement531 2000-10-28 12 I To at)ver,| se call toll-tree 1800 741 1883 |Il V I IvJCiIJ Fax No 741 1298 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) OPAH RESOURCES INTERNATIONAL PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the531 words
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Advertisement23 2000-10-28 13 ,i i TODAY©** r Lianhe Zaobao l&urth'nuclear plant plan How much will it cost Taiwan's traditional industries? V" ff& ft a ill it23 words
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WORLD news
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Article, Illustration742 2000-10-28 14 WASHINGTON Given the weak growth, Fed is likely to leave interest rates alone in Nov Reuters, Bloomberg AP, THE US economy cooled in the third quarter to a 2.7 per cent annual growth rate, the slowest pace since the spring of 1999,Reuters,; Bloomberg; AP,; AFP - 742 words
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278 2000-10-28 14 LONDON Bloomberg REED Elsevier pic, publisher of The Lancet medical journal, agreed to buy Harcourt General Inc for U555.65 billion (559.9 billion) in cash and assumed debt to expand in scientific and educational publishing. Canada's Thomson Corp will buy part of Harcourt fromBloomberg - 278 words
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Article230 2000-10-28 14 TOKYO AFP JAPAN'S Sanyo Electric Co Ltd appointed Yukinori Kuwano as the new president yesterday, following his predecessor's resignation over the sale of faulty solar cell systems by a subsidiary, the company said. "At the board of directors meeting held today, the company decided theAFP - 230 words
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Article, Illustration489 2000-10-28 14 TOKYO Resignation seen as a move to placate opposition and Young Turks in LDP Reuters IN A fresh blow to embattled Japanese Prime Minister Yoshiro Mori, r senior Cabinet minister resigned yesterday over allegations of a scandal involving a mistress, drugsReuters; AP - 489 words
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535 2000-10-28 14 TOKYO USsl22b may flow oat of Japan once free float is adopted Bloomberg SOME of Japan's leading companies may face an investor exodus as Morgan Stanley Capital International Inc (MSCI) looks set to change the way it compiles its global stock indices thisBloomberg - 535 words
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623 2000-10-28 14 LONDON The Iraqi leader's preference for payment in euros has helped to boost the currency Bloomberg, Reuters FORGET Wim Duisenberg. It turns out Mr Euro might live in Baghdad. The euro rose about half a US cent yesterday from an all-timeBloomberg,; Reuters - 623 words
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164 2000-10-28 14 HONGKONG AFP GLOBAL banking giant HSBC Holdings pic said yesterday that there were no plans to sell its Hongkong unit Hang Seng Bank Ltd. "Absolutely not," HSBC spokesman Gareth Hewitt said, when asked about rumours in the market that HSBC planned toAFP - 164 words
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Article, Illustration677 2000-10-28 15 LATWP [PITTSBURGH] George W Bush unleashed one of his harshest personal attacks on A 1 Gore on Thursday, portraying the vicepresident as a timid and unprincipled chameleon even as he pledged to "restore civility to our national politics". "When you govern by focusLATWP; AP i>holua - 677 words
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347 2000-10-28 15 Reuters [WASHINGTON] A group of 10 Republican senators threatened on Thursday to subpoena documents related to Vice-President A 1 Gore's 1995 pact with Moscow on arms sales to Iran unless the White House turned them over by Monday. Administration officials declinedReuters - 347 words
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415 2000-10-28 15 TOKYO Reuters JAPANESE institutional investors are planning to invest more in stocks next month as they are confident that domestic and US stock markets will stabilise and start rising, a Reuters survey showed. Stock purchases in the euro zone, on the other hand, areReuters - 415 words
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359 2000-10-28 15 WASHINGTON Economists blame high energy prices, stronger dollar AFX-Asia US companies are facing the "most intense squeeze" on profit margins in nine years, according to a quarterly survey of business conditions conducted by the National Association of Business Economics (NABE). "OurAFX-Asia - 359 words
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273 2000-10-28 15 TV stndios accused of giving yoong writers all the work The Daily Telegraph [NEW YORK] A group of veteran Hollywood writers have filed a US$2OO million (Ss3sl million) lawsuit against American television studios, saying young writers get all the work. In the first caseThe Daily Telegraph - 273 words
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228 2000-10-28 15 BERLIN Bloomberg BOEING Co, the world's biggest planemaker, expects annual sales from providing services for military and commercial aircraft to triple within five years to US$2O billion (Ss3s billion). Harry Stonecipher, Boeing's president, said in an interview that the company takes inBloomberg - 228 words
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FINANCE & commodities
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278 2000-10-28 16 Lau Chee Keong Refco Singapore - SOX Derivatives Tradlng/fryorf ST Inde*/MSCI S*pore Index Lau Chee Keong Refco Singapore THE Singapore stock market yesterday rose for the third consecutive day following the rebound in US markets. Investors were upbeat after a late overnight rebound by Nasdaq. Bargain-hunting erased the early losses of278 words
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228 2000-10-28 16 Lau Chee Keong Refco Singapore - MS& Taiwan Index Lau Chee Keong Refco Singapore HIGHER US markets did not prevent Taiwan stocks from sliding yesterday. Weak market sentiment, coupled with political uncertainties, sent the index lower by more than 2 per cent. Investors continued to lock in profit amid concerns over228 words
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Article154 2000-10-28 16 ENERGY REPORT Reuters [LONDON] Oil prices held above US$3l yesterday as cautious dealers awaited formal confirmation that the UN will allow Iraq to be paid in euros, a condition Baghdad has set for continuing crude exports. Iraq's rejection of the dollar for its oU salesReuters - 154 words
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Article336 2000-10-28 16 Reuters London THE euro hovered a cent above this week's record lows against the dollar yesterday, with traders reluctant to pressure the currency ahead of key US growth data later in the day. But the euro which has fallen 30 per cent against the dollar since its 1999Reuters - 336 words
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Article, Illustration1253 2000-10-28 16 MTERBAMK CROSS RATES Oct 27 AS C$ Rmto Euro Ffr Dm HK$ Ind Iti Bupnh Yen Won BM MZ$ P«> Rs Peso S$ Bawd Sir MT$ Bafct Po—d US$ Australia 0.792 4.322 0.626 4.103 1.223 4.061 24.344 47.197 0.564 5.915 1.978 1.300 29.482 26.631 0.913 3.976 0.945 16.812 22.771 0.3631,253 words
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Article1865 2000-10-28 16 WOOM FUTURES Oct 27 IUB8EI (lehro derim it SJOpe) RSS t CONTRACTS certs/kq) Clow VotaM Open Month W# in SiH (tonnes) Interest Nov 00 113.50 Dec 00 114.50 Jan 01 115.50 50 Feb 01 117.00 50 RSS 3 CONTRACT (US cwto/kQ) VotaM Open Mowtb Hiqft Low Sott (tons) Interest Nov1,865 words
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STOCKS east asia
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Article, Illustration2860 2000-10-28 17 HONGKONG AFP nHangSeng -93.78 HONGKONG share prices fell 0.6 per cent yesterday on rotational selling in the property sector and on the back of falls in Tokyo, dealers said. The key Hang Seng index closed down 93.78 points at 14,902.46, offAFP - 2,860 words
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Article, Illustration954 2000-10-28 17 Reuters n Shenzhen B Index jg CHINA'S hard currency B shares weakened slightly in sharply reduced turnover yesterday. Broker said the day's trading indicated the B share market, reserved for foreigners but dominated by locals using regulatory loopholes, would move narrowly in the nearterm, ending a short-lived rebound earlierReuters; Source: Credit Lyonnais Securites (Asia) Ltd - 954 words
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Article359 2000-10-28 17 AFP QWF Index -136.68 TAIWANESE share prices closed 2.3 per cent lower yesterday on continuing profittaking despite government support, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 136.68 points to 5,805.17, on turnover of NT579.37 billion. Decliners led risers 470 to 69, with 76 issues unchanged. TheAFP - 359 words
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2082 2000-10-28 17 TOKYO AFP QtHkU22S -***** SHARE prices in Tokyo declined 1.9 per cent to hit a 20-month low yesterday after electronics and entertainment giant Sony Corp announced a big interim loss, dealers said. The Tokyo Stock Exchange's Nikkei--225 index lost 276.23 points toAFP - 2,082 words
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Advertisement34 2000-10-28 17 t ptiji. J j P I Ki mWa i f f I I I A I f C-S •1V k j I 111 I I I u Mil! TheßusinessTimes INTELLIGENCE CHANGES EVERYTHING. t -J|34 words
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STOCKS klse
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Article, Illustration411 2000-10-28 18 AFP CI Composite Index -5J4 MALAYSIAN shares ended 0.6 per cent lower yesterday on profit-taking as investors digested the nation's 2001 budget being delivered in parliament, dealers said. The Kuala Lumpur Stock Exchange Composite Index came off its earlier low to finish at 791.08,AFP - 411 words
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Article9188 2000-10-28 18 MOUSTMALS ConsiMMf protects 2000 Lm« Vol Day Net Cap High Low Company Solo OOP High Low P/t Jmll 420 310 Atinomoto 340 18.6 137.8 158 46 Angfcasa 47 -3 12 49.5 47 69.3 670 290 ApoNo Food Hl« 430 9.1 167.2 3825 2700 BAT 50C 3675 -125 994 38 59,188 words
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Advertisement27 2000-10-28 18 Fits the job to a tee. Will blossom in the post. Find the right candidate. TTieStmitsTimoi J fe'" 7L. ii Jr3 ft Call 1800 741 1883 I27 words
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SGX clob & regional stocks
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Article2850 2000-10-28 19 BONDS AWAREAMTS o*n mt mh fnmJ u$*n U M Lot Val Pay mn»ili «n a—* Um Um Mk Wki N» Lot j Mi «ar- wg LOT M» ft*. (awattstM* frtc UA 51.5 15 s Acma ******4 5 < 6-5 5 4t0 I 500 289 15.70 9 38 2.5 s AIITach2,850 words
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Article, Illustration745 2000-10-28 19 AFP PjßTMjg -LPS THAI shares lost 0.4 per cent yesterday due to profit-taking in banking and financial stocks in a lacklustre session, dealers said. The Stock Exchange of Thailand (SET) index dropped 1.05 points to finish at 274.34 points, and the SET 50 index was off 0.06 points atAFP - 745 words
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Article293 2000-10-28 19 AFP Q Composite Index -8.75 PHILIPPINE share prices fell 0.7 per cent yesterday with the Philippine Stock Exchange Composite Index down 8.75 points to 1,284.88. Volume rose to 476.19 million shares worth 806.6 million pesos from 363.43 million valued at 534.49 million pesos on Thursday. AFP Oct 27 NuAFP - 293 words
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Article, Illustration747 2000-10-28 19 AFP n Composite Index -132 INDONESIAN share prices closed 0.6 per cent lower yesterday led by blue chips on worries about the weak rupiah and the domestic social and political situation, dealers said. The Jakarta Stock Exchange Composite Index closed down 2.32 points at 411.84, off a low ofAFP - 747 words
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Article263 2000-10-28 19 AFP □raSE-40 +1&24 NEW Zealand shares closed up 0.9 per cent yesterday following an improvement in investor sentiment, brokers said. The NZSE-40 Capital Index was up 18.24 points at 1,980.48 on turnover of NZ5120.3 million. The market was led by a rebound in Telecom Corp. AFP 0ct2T MS COOP)AFP - 263 words
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Article545 2000-10-28 19 AFP *5.4 AUSTRALIAN share prices rose 0.2 per cent yesterday as a strong News Corp and resource sector offset losses by Telstra and the banks, brokers said. The All Ordinaries index closed 5.4 points higher at 3,195.7 points, while the SP/ASX 200 gained five points to 3,244.7. Turnover totalledAFP - 545 words
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Article311 2000-10-28 19 AFP POwnpoate Index -&33 SOUTH Korean shares fell 1.3 per cent yesterday with the index down 8.33 at 515.34. Volume stood at 219 million worth 1.5 trillion won. AFP fcttT Anam Semi 5450 unch Brain Tech 635 5 Central Bank 170 unch CheilComm ***** 3BOO Dm Gu Bank .2100AFP - 311 words
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Advertisement8 2000-10-28 19 Business Tools Just imagine life without them. s*8 words
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Article8131 2000-10-28 20 SGXMAXNBOARD Transaction date: Oct 27 Or Gf M Wt 12-Wk Last Vol Day Last Ouvta Mv Dt« YM Nat Ca» High Lo, Company Sata COOP) Htqh Low Buyof SaMaf C*w P/t $m« Prtea MULTHNDUSTVY 163 75 m c *cmaSOc 78-5 -OS 8 783 77.3 773 78.5 S 438,131 words
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Advertisement11 2000-10-28 20 the paper that I I m mM W is made of.11 words
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TheArts
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Article695 2000-10-28 21 CHEAH UI-HOON - The National Heritage Board unveils new exhibitions at three of its museums this month. Giving historical and visual perspectives on Singapore's heritage and its place in the South-east Asian context, are exhibitions at the Asian Civilisations Museum, Singapore Art Museum and Singapore History Museum. CHEAH ui-HOON reports on695 words
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Article, Illustration718 2000-10-28 21 COVER STORY THE ever-changing landscape of South-east Asia today makes its social, cultural, political and economic terrain an uneven one, conditioned by processes of history. Having undergone, in differentiated intensities, periods of colonisation, national struggle, independence and contemporary developments, the transformation is often dramatic. Alongside these718 words
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Article, Illustration431 2000-10-28 23 Cheah Ui-Hoon - While life during Raffles' time will be relived at the History Museum, the Asian Civilisations Museum will offer a peek into ancient Chinese society via an exhibition of bronzes By i Cheah Ui-Hoon WHILE the Singapore Art Museum exhibits some 60 paintings and installations on the treatmentPHOTOS BY HIEW YAW HOONG - 431 words
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Article, Illustration692 2000-10-28 22 JOHN GEE - Artists need non-interference as much as support; they should also have free and open access to communication with society and government and growth of critical dialogue, JOHN GEE learns from a recent NUS talk JOHN GEE MEETING place r between government and artists should not mmm beFILE PHOTO - 692 words
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Article, Illustration729 2000-10-28 22 Parvathi Nayar - Mee Pok Man kicks off with a promising first-half •hat gets dragged down by a contrived climax By Parvathi Nayar FIRST it was the promise of nudity, in the flesh, onstage. Then with actor Lim Yu-Beng falling sick midway through the run, director Ng Chin729 words
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Article931 2000-10-28 22 Aaron Lye - Compiled by, Aaron Lye MUSIC Chijmes Latino Affairs Tribal Tide Percussion Band An overview of the primitive roots of Latin music with the emphasis on African influences and rhythms, the month of November highlights Tribal Tide, a percussion-based band. ♦A/bu 5,5pm Bpm at Chijmes. Admission is free. Vienna931 words
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Article, Illustration112 2000-10-28 22 Aaron Lye - -By Aaron Lye The buzz: Restless Eyes, an exhibition of black and white photography featuring over forty-two photographs that make up several short series of images, covering various themes including conceptual still life, atmospheric landscapes and nature studies. Plot and players: The brainchild of local photographer Ken Seet. Restless112 words
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Article, Illustration772 2000-10-28 23 SIEW YAW HOONG - sxsw yaw boono catches up with A 1 Gilbert the 79-year-old doyen of tap dancing who's still keeping a busy schedule and not missing a single beat SIEW YAW HOONG WHAT would you do when you hit 79? Lounge around at the retirement home recounting theSIEW YAW HOONG - 772 words
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Article, Illustration436 2000-10-28 23 Cheah Ui-Hoon - For Goh Kheng Yew, painting and modelling the lotus has become an act of emulating what the flower stands for, snch as man's benevolence /y v < Cheah Ui-Hoon THE lotus has been the favourite motif of Oriental artists since time immemorial. Considered in the cultures436 words
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Advertisement80 2000-10-28 21 With over 5,500 artworks in its collection, the Singapore Art Museum has the largest collection of 20th century South-east Asian art by a public institution internationally. The museum devotes about one-third of its gallery space to permanent collection exhibitions, such as this present series: Landscape in South-east Asian Art. For80 words
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Advertisement262 2000-10-28 24 Where to wine, dine and entertain.^(§)££& jj|g£r«« Enjoy our ever-popular Japanese favourites for lunch and in the evening, tuck into a wide selection of Japanese, Asian and Western dishes like Sashimi, Roti Prata, Murtabak, Drunken Chicken and Roast Sirloin Beef. Japanese Buffet Lunch 323.90 (Adult), 40% discount (Child) Euro-Asian Buffet262 words
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Advertisement23 2000-10-28 24 °o 1 j-y Q 1 [HOTEL GRAND CENTRAL LIMITED 22 Orchard Road/Cavanaoh Road, Singapore *****7 Tat 737 9044 Ext 400/02 Fax: *****75 i23 words
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Advertisement36 2000-10-28 24 .ANEWL International CONCEPT Buffet IN with LEISURE Favountes DINING Lunch: $21.80+++ Dinner. $25 80+++ Weekday $27.80+++ Weekend For reservations, please call: 330 3585/90 bx:33o 3548 or email: RestturantsQCaritoo cora sg C>P3N' swGAPore fbßrsßaahtoad.Smppmt 19*9tt 5WSJ«f*x 3J9Mbt>36 words
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Advertisement28 2000-10-28 24 lwßS&.i-s I jf Wine. EXne EmftHilii I The Business Times I s I mm mmmmafl I Contact Patrick Ang 740 1284 I I or Amy Choo *****59 now.28 words
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Advertisement46 2000-10-28 24 NEPTUNE j WEDDING! A TRULY UNIQUE OCCASION Call us at 224-3922 for a perfect start to a wonderful life ahead Cw+mom 71tb Root: Overtem Unkm House, CoOyer Quay, Singapore *****!. ifh Mandarin UU _j WRm 333 OrchaoJ Road. Singapore 23M67. Tel: 737 4411 Fax 732 236146 words
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Page 24 Miscellaneous
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Miscellaneous886 2000-10-28 24 Central 11.00 Poltergeist: The Lega- 8.00 Berita. LO2 Star's Time Out (r). ft Alta™ TV amvw»/- ion, cyYr3. 830 Jejak Jenayah. 130 Corporate Watch. B lds Central. The 12.00 MN Beyond Belief. 9.03 Pertemuan. 2.00 Headline Graphics. Big Bug Show Am- AM Cinema, Cinema, 10.00 Filem Sensasi: Pak 2.02 To886 words
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Miscellaneous275 2000-10-28 24 CRYPTIC CROSSWORD ACROSS 6 Job for extremely capable work--1 Works out how to pronounce ""Q Wilts town (7) 7 Government opponent (9) 5 It shows how powerful electrical 8 Excitable general going to blow equipment can be (7) up (7) 9 Perhaps buttonhole people next 14 Scarlet painting eaten up275 words
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