The Business Times, 4 November 2000

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Total Pages: 26
1 26 The Business Times
  • 14 1 MITA (P) 035/12/1999 e M r* A o internet: http://business-times.asial.com.sg/ SATURDAY. NOVEMBER 4. 2000
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  • 73 1 D 2JMLSO (+21.07) mrnVt-SBl U 817-82 (+4.55) vv st DtDEz nrrniEs U 2JMM (+13.00) nnramuiEs mm M7jo (-0.40) STOCK IABKET UDSCES Friday Cbtote KLSE OOMP 760.10 +***** NIKKEI 225 dosed HANG SENG 15#4.12__+302£8 SET INDEX +714 JAKARTA OOMP __.4W.8I +157 MANILA OOMP dosed TAIPEI WP! 5,796.08 +178.00 SEOUL
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  • 73 1 FOBEX KATES US$ SI USS 1.714 S(U8S/S9per£) 1.444 1M4 EUR0(USS/S4/E) 0.863 1.496 DM 2168 1J07 YEN 106.1 62.40 RM 3.800 2.182 HKS 7.797 4.497 BAHT 43.64 28.17 RUPIAH 9,128 *262 FUME KATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK 9.56 MANILA 11.00 HONGKONG 8.10 TAIPEI 7.84 SYDNEY .8.50
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  • 400 1  -  I i exclusive By R Sivanithy [SINGAPORE] A Kay Hian dealer has been fined $50,000 and suspended for six months for his part in pushing up the price of Chartered Semiconductor's shares on May 31 the day the Straits Times Index was
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  • 514 1  -  Those lower down in information chain may also face prosecution By\ Siow Li Sen [SINGAPORE] In a move to check insider trading, the government intends to cast the net wider by reviewing its rules to include prosecuting people not connected with the company
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  • 900 1  -  It's accused of creating false market and misleading public on IPO subscription levels By Ven Sreenivasan [SINGAPORE] After almost three months of investigations, white-collar crime busters from the Commercial Affairs Department have brought charges against UOB Asia for creating a false market
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  • Page 1 Advertisements
    • 74 1 INSIDE Top Stortos Row over ERA'S resale fees scheme deepens. Pg 7 Takeover talk fuels Kim Eng, OUB trades. Pg 4 Chartered, Stats rally on prospect of soft landing for chip Industry, pg 5 Asia tech shakeout leaves private equity homeless. Pg 9 ECB intervenes on its own to prop
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    • 121 1 Ft.inkly I .mi nol 100 < om < tm <l if otn i c'.poii'.ihili t y r. (liiiiiiii'.lhml iii .my w.iy "W Tlioy wom* (Mil pilot*., out 111 < t.ill .111(1 11 w.i*. on llhA*. I *..nd do .!< 4 cpl full 14**.| >4 m*. 11 h 111 y i:>
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    • 36 1 n i hr.iwn <ind Ix Miily l\ 'i in. i I\ 1 I NEW ASIA BIZ WOMAN i v- more than just the boss's wife Pcj 22 BT Liunchcs gm for (l.mcmcj W jmh.isstidors W I
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  • NEXT page
    • 714 2  -  Impeachment proceedings, set to begin on Monday, look certain to win endorsement from House From! Al Labita in Manila THE political fate of President Joseph Estrada seemed all but sealed as more allies key to his political survival deserted him yesterday, leaving him with
      AFP photos  -  714 words
    • 341 2  -  This is despite claims that deal with Johor port not yet inked From Eddie Toh in Kuala Lumpur SEMBAWANG Kimtrans is said to have sent its barges to Port of Tanjung Pelepas (PTP) in Johor to provide feeder services between PTP and Singapore. This
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    • 189 2 It cites recent acquisitions; expects sales to rise in fiscal 2001 Bloomberg [MILPITAS, California] Solectron Corp, which agreed this week to buy Singapore-based rival Nat Steel Electronics Ltd for US$2.4 billion (554.2 billion), anticipates that fiscal 2001 profit won't meet its estimate because of recent
      Bloomberg  -  189 words
    • 511 2  -  Gerugu described u breath tf fresh air for agency From Shoeb Kagda in Jakarta EDWIN Gerungan, a former executive of PT Bank Mandiri, yesterday emerged as a dark horse candidate to pip three others for the post of chairman of the Indonesian
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    • ON THE grapevine
      • 106 2 MODERN science is supposed to unravel and explain old mysteries which have defied explanation. But sometimes they can create new ones as well. A recent story from the UK's Daily Telegraph newspaper, for example, claims that Adam and Eve may never have met —for the simple
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      • 61 2 EARLIER this week, BT ran an online poll on the change at the Indonesian Bank Restructuring Agency. The issue was: Indonesia is replacing the Ibra chief. This will rattle the rupiah further. Here's what readers thought: Yes, because of the uncertainty: 54 No, it depends
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  • SIA crash
    • 1570 3  -  But CEO says fact that airport does not have ground radar will be an issue. By MACABE KELIHER in Taipei and MARISSA CHEW in Singapore MACABE KELIHER,MARISSA CHEW SINGAPORE Airlines deputy chairman and CEO Cheong Choong Kong last night said the airline accepted "full
      REUTERS  -  1,570 words
    • 790 3  -  Group believed to have extensive coverage Reports by VEN SREENIVASAN, MARISSA CHEW, DAVID BOEY,AUDREY TAN THE Taiwan Aviation Safety Council's preliminary finding yesterday that the ill-fated Singapore Airlines Flight SQ 006 was on the wrong runway when it tried to take off has
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    • 541 3 MOST analysts remain upbeat about the longer-term prospects for Singapore Airlines despite the preliminary finding that its ill-fated Flight SQOO6 took off on the wrong runway. But the stock suffered a 6 per cent tumble yesterday amid investor jitters that SIA could be affected
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    • 384 3  -  From Neil Behrmann in London AVIATION authorities in Britain say that the ultimate responsibility for the safety of an aircraft rests with the pilot but add that air traffic controllers play a crucial role in avoiding accidents. The officials
      384 words

  • SINGAPORE companies
    • 539 4  -  Foreign buyers said to be in the running OUB jumps 12%, KimEng pulls back By I Serena Ng SHARES of Overseas Union Bank (OUB) and Kim Eng Securities were traded actively yesterday on rumours the two could be taken over by foreign firms.
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    • 730 4  -  lock siew paul thompson NATSTEEL'S decision to forge ahead with the disposal of its 33 per cent stake in listed associate Nat Steel Electronics means it stands to book almost $1 billion in profits proceeds of $1.16 billion less the asset's
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    • 384 5  -  If it had released its results a few days earlier, it would have been No 1 By\ Paul Thompson SMRT Corporation has scored 75 in BT's Corporate Transparency Index (CTI) and in so doing wrested third spot in the Top 10 from
      384 words
    • 409 5  -  Growth forecast to ensure demand for both firms: analysts By Serena Ng SHARES of Chartered Semiconductor Manufacturing and ST Assembly and Test Services (Stats) rallied yesterday after US news tipping a soft landing for the semiconductor industry. Chartered was
      FILE PHOTO; Source: Reuters  -  409 words
  • 3984 4 ASTI Sap 09 l 6.182 2476 44* 24* UXta Sep 22 I 1M U» L79 L10 A8« Kk*» Sep 19 I 2443 0.491 U1 046 Lion Chang Sep 21 P 2L775 U48 1*7 042 ACt Dynamics Sep 09 I 0437 0417 044 043 UmllahMgem Sep 01
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  • Page 5 Advertisements
    • 14 5 Useful things Just imagine life without them. CATS. Buy It. Sell It. Find It.
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    • 796 5 II Double your investment I Buy Forbes and H? The Business Times Entrapmwure, econonnlNi market trends or exploring todvxikwendmwVvlS Singapore's leading macro-economic issue*. Hie Business Times has a track :fi> IHipMglUny ditty. TTie record of providing timely Foiibes Qtatafc Tha tool tor world's most valuable business intelligence and m insights
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  • SINGAPORE markets
    • 571 6  -  -j* comment STOCKS r.sivanithy Technology was again the favoured theme in the local stock market yesterday. But this time there was a fair degree of switching that benefited penny stocks in other sectors too. Among blue chips, late-afternoon speculation
      571 words
    • 183 6  -  WARRANT WATCH By R Sivanithy ONE day it is one sector in play, the next day, it is another. It is difficult to pinpoint which will be preferred at any one time as traders keep switching around. But for
      183 words
    • 257 6  -  HOT STOCK By I Serena Ng THE shares of construction firm L&M Group Investments have rallied in recent trading sessions and look likely to consolidate at current levels. The counter yesterday rose half a cent to finish at $0.50, on volume of 1.4 million
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    • 132 6 ♦CHOSEN Holdings will go ex-dividend (first and final 0.5 cents) on Nov 23. Last day for buying-inonacumbasisis Nov 28. Date payable is Dec 6. ♦EU Yan Song International will go ex-dividend (first and final 0.525 cent) on Nov 23. Last day for buying-in on a cum basis is
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    • 328 6  -  comment CURRENCIES larry wee THE selective move out of US dollars seen on Thursday continued yesterday, boosted by surprise intervention late in the session by the European Central Bank, ahead of key US employment statistics due out later last night. The euro
      Source: Reuters  -  328 words
    • 336 6 Stocks Volume PadficCenturylOc 40,394,000 IPC Cofpn 5c 37,335,000 OUB DB eCW*****3 32,346,000 Victors Capita) 25c 22,155,000 C)UBCLeCW*****5 19,917,000 MediaRing 10c 19,226,000 IPC020c 15,194,000 Nat Eiec 10c 14,615,000 HotunglnvNT5 14,550,000 ITechGfp4c... 13,781,000 Stocta Nat Elec 10c 108,774,452 OUB 102,720.550 Chart SermCofxjuctor 26c 90,381,029 SIA 69,262,530 PadficCenturylOc 59,119,210 0C8C 48,446,734 DBSGrp 45,*****
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  • SINGAPORE news
    • 302 7  -  3 on the economy card spending By\ Serena Ng CREDIT card billings in Singapore rose 18 per cent in the third quarter of this year to $2.59 billion, from $2.20 billion in the same period a year earlier, according to figures from the
      Source:  -  302 words
    • 521 7  -  Five big boosing agencies meet to discuss ERA's latest resale commissions By, Andrea Tan CONTROVERSY has deepened in the real estate industry over ERA Real Estate's new scheme for public housing resale fees. Accusations of unfair practice, marketing gimmicks and secret closed-door meetings
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    • 432 7  -  By] Eugene Low MALAY Members of Parliament have opposed a proposal by the Association of Muslim Professionals (AMP) to form a new collective leadership system for the MalayMuslim community here. In a statement released yesterday, the PAP's Malay MPs said: "The Malay MPs cannot
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    • 336 7 FOUR international investors have been conferred National Day awards and recognised as Distinguished Friends of Singapore (DFS), the Economic Development Board and National Science and Technology Board said yesterday. They are: Dr Sydney Brenner, principal scientific adviser and chief scientific officer
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    • 369 7 UK investment commitments soar to $193 m in first half TRADE between Britain and Singapore is on the upturn, thanks to continuing efforts by the Singapore-British Business Council (SBBC) to identify, nurture and exploit investment opportunities in the two countries. The expanded
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    • 222 7 THE government is extending the mandatory introduction of safety management systems and safety audits to several more classes of factories in the manufacturing industry. The extension comes under the newly gazetted Factories (Safety Management System) Order 2000, effective from March 1,2001. It includes: Factories
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    • 441 7  -  Revision of mortgage policy dampens demand for resale units By Andrea Tan DEMAND for new public flats rose while fewer people bought resale units in the year ended March, in what could be a shift in trend. The number of buyers who had applied
      FILE PHOTO  -  441 words
  • Page 7 Advertisements
    • 16 7 TRAVEL GUIDE The Straits Times Classified. \cajs\ Classifications 573 587. Buy h. s«fl it. fm it.
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    • 43 7 Can't Keep your house in order? If you are having problems with clogged pipes, over-grown gardens, pest infestations, poor TV reception, worn-out fittings and furnishings... Get a quick fix. Seek help from the Classified, Home Needs Classifications 90 to 120. 44 CATS. I
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  • MAIL bag
    • 380 8  -  Lim Hock Boon Singapore, via Internet I REFER to the article "Does Singapore really need more golf courses?" by Lee Han Shih (BT, Oct 31). I agree 100 per cent with Mr Lee. Singapore does not need more golf courses. And it
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    • 188 8  -  Loo Chuen Yew Singapore, via Internet I REFER to the article "Does Singapore really need more golf courses?" by Lee Han Shih (BT, Oct 31). I strongly agree with Mr Lee's comment. What I do not agree with is his remark that one-quarter (will
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    • 257 8  -  Tony Ho Australia, via Internet I refer to your article "Does Singapore really need more golf courses?" (BT, Oct 31). The current situation is that golf clubs are becoming a status symbol rather than the sport club that they should be. Accessibility to the
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    • 372 8  -  Tan Bock Kho Singapore, via Internet I REFER to the article "Does Singapore really need more golf courses?" by Lee Han Shih (BT, Oct 31). The answer is rather obvious here. The simple economics of demand and supply cannot be swept under the carpet. The pressure
      372 words
    • 208 8  -  Chan Kum Soon Singapore, via Internet I REFER to the article "S'pore 'acutely vulnerable' to slowdown in FDI" (BT, Oct 28). We need to look at the whole picture of what fuels foreign direct investments. The current political instability in the region holds a lesson
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    • 171 8  -  Ong Eng Chye Singapore, via Internet I HAVE travelled to some Asian countries and I am glad to say that the traffic situation in Singapore is really ideal. I believe all this did not come about because of luck but due to careful planning of the
      FILE PHOTO  -  171 words
  • Page 8 Advertisements
    • 571 8 In projecteyeball this weekend Tis the season for mk o¥# to in the air crab lovers. The If 1 »|ft Mm for Vara Yi*> and hairy crab is a r fl B AngYingThye, specialty cuisine II founders of among restaurants aCupid slle, in Singapore and > J TnjaWeeaa.com.,|||§P Hong Kong
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    • 16 8 PROPERTIES The Straits Times Classified. Classifications 402 568. f§t CATS. Buy It. Sell It. Find It.
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  • e-NEWS
    • 538 9 HONGKONG While there is money for great ideas, at every stage the bar has been lifted Reuters WHERE a year ago in Asia (and elsewhere) just about any start-up with an "e" on the front or a ".com" on the end could
      Reuters  -  538 words
    • 348 9 TOKYO Chairman says final decision could be taken in April 2002 Reuters MAJOR Japanese computer maker NEC Corp is considering spinning off its semiconductor division and listing its shares, the Asian Wall Street Journal reported yesterday. NEC is the world's secondlargest chip maker behind
      Reuters  -  348 words
    • 336 9 PALO ALTO Reuters LARRY Ellison, the flamboyant founder of computer software giant Oracle Corp, is neither dead nor suddenly out of a job, but competing rumours on Thursday had Internet chat rooms abuzz with visions of his final, fictional farewell. "He got into
      Reuters  -  336 words
    • 327 9 NORWALK, Connecticut Reuters PRICELINE.COM Inc chief financial officer Heidi Miller is leaving the "name-your-own-price" Internet commerce firm that wooed her away from a position as one of Wall Street's most powerfill bankers, Priceline said on Thursday as it announced plans to
      Reuters  -  327 words
    • 153 9 WASHINGTON AFP ALTHOUGH US consumers will spend an estimated US$l2 billion (5520.9 billion) shopping online for the holidays, many Internet retailers will lose money in the process, according to a new research report. International Data Corp said online retailers will lose a collective
      AFP  -  153 words
    • e Briefs
      • 78 9 Reuters [NEW YORK] Media giant Viacom Inc yesterday said it plans to buy BET Holdings Inc, the largest media and entertainment company geared to an African-American audience, for US$3 billion (555.2 billion) in stock. The final exchange ratio for the stock transaction
        Reuters  -  78 words
      • 69 9 Reuters [FRANKFURT] Germany's Siemens AG yesterday said it was in talks with Japan's Toshiba Corp on a far-reaching cooperation deal to produce next-generation mobile telephones. "We expect the talks will reach a successful conclusion shortly," a Siemens spokesman said. The deal would allow the two
        Reuters  -  69 words
      • 39 9 Reuters [DUBAI] Saudi Arabia's Prince Alwaleed bin Talal said on Thursday he planned to double his investment in America Online Inc to US$2 billion (553.5 billion) after the firm posted good third-quarter results. —Reuters
        Reuters  -  39 words
    • 360 9 SAN FRANCISCO ISP's president qnits; share price halves on Q4 warning FT PSINet, the US Internet service provider (ISP), on Thursday said it was considering putting itself up for sale after announcing heavy thirdquarter losses and the resignation of
      FT  -  360 words
  • Page 9 Advertisements
    • 30 9 m P jjjp I Jg jjjm jjp i-JSP Check out Life! Books. We give you the lowdown on all six Booker Prize nominees. ONLY IN Life! TODAY Photo: SHAW ORGANISATIONS
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  • REGIONAL news
    • 308 10 KUALA LUMPUR Bloomberg MALAYAN Banking Bhd, Malaysia's biggest lender, said yesterday that its fiscal first-quarter profit rose by* one-third as interest income advanced and non-performing loans (NPLs) declined. The bank's net income rose to RM34O million (*****.4 million), or 14.5 sen
      Bloomberg  -  308 words
    • 481 10  -  Ministers allegedly hold posts or partnerships in private firms From\ Harish Mehta in Bangkok THAILAND'S powerful Constitutional Court yesterday said it would hear the case of 10 Cabinet ministers allegedly holding posts in companies and partnerships in private firms, an offence that
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    • 477 10 JAKARTA Deadline set as Suharto's son foils to surrender Reuters INDONESIAN prosecutors said late yesterday they would declare Hutomo 'Tommy' Mandala Putra, the youngest son of former president Suharto, a fugitive within hours if he did not show up to start serving an 18-month
      Reuters  -  477 words
    • 245 10 JAKARTA Reuters, AFX-Asia INDONESIA says tt will take measures soon to curb speculation in the battered rupiah, one of the world's worst performing currencies, but gave no precise time frame. Rank ftyfcumiajlfl, iaaiwrt nmtinri midnight mi Thursday, said that the measures would include
      Reuters,; AFX-Asia  -  245 words
    • 275 10 JAKARTA AFP AN Indonesian businessman has claimed that he, and not President Abdurrahman Wahid, received a controversial US$2 million (553.5 million) gift from the Sultan of Brunei, a report said yesterday. The donation, dubbed "Bruneigate", is at the centre of one of
      AFP  -  275 words
    • 230 10 Leading, coincident and lagging indices will help forecasts KUALA LUMPUR Reuters, AFX-Asia MALAYSIA'S Statistics Department yesterday said it would start publishing three new economic indicators leading, coincident and lagging indices from January. These indices would be able to identify the current phase of the
      Reuters,; AFX-Asia  -  230 words
    • 319 10 SHANGHAI Bering studies Taipei's foreign institutional investors scheme Reuters, AFX-Asia CHINA should learn from Taiwan and strengthen risk control mechanisms in opening its stock market to foreign investors, state media yesterday quoted a senior regulator as saying. Chinese regulators must draw on the experiences of
      Reuters,; AFX-Asia  -  319 words
    • 524 11  -  State Department issues travel warning, citing the growing anti-US sentiment PrornA Shoeb Kagda in Jakarta THE heightened tensions between Jakarta and Washington have affected new US investments in Indonesia, with several American businesses cancelling expansion plans in the country. US-based
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    • 540 11 HONGKONG Singapore banks are also reported to be interested in buying into FPB Bloomberg BANK of East Asia Ltd (BEA), Hongkong's thirdlargest publicly traded bank, will probably buy a 75 per cent stake in First Pacific Bank (FPB) for about US$4OO
      Bloomberg  -  540 words
    • 195 11 SHANGHAI Reuters THE Shanghai Stock Exchange has drafted guidelines to combat rampant misconduct by company officials, state media quoted a senior official at the stock market watchdog as saying yesterday. China Securities Regulatory Commission (CSRC) secretary Tu Guangshao told a news conference on Thursday the
      Reuters  -  195 words
    • 1104 11  -  WRITER'S ■i karim raslan BY NOW, every newspaper in South-east Asia will have discussed the possible impact of the American presidential election on regional geopolitics. Inevitably, the distinctions will be drawn between Gore "the hawk" and Bush "the dove"; between a vice-president with
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  • Page 10 Advertisements
    • 292 10 If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C JLT.S. at 1800-737-1166. fa Another Classified Service I advertise call toll free 1800 741 1883 I n U X Ivud Fax No 741 1298 IN THE MATTER OF THE COMPANIES
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    • 102 10 Shark £i» 'uV^H nys M K? iviiftr v AFP It IS safe to get back into the waters [ADELAIDE] A promotional handout photo of a miniaturised electronic shark deterrent, provisionally called the SharkEX, which has the potential to protect millions ofsurfers, divers and fishermen around the world through the use
      102 words

  • Page 11 Advertisements
    • 587 11 Clinton campaigns for Democrats in California, Pg 13 HIP The National University of Singapore Faculty of Law Fkmhiim flLSfaiH Wr ADMISSION FOR ACADEMIC SESSION 2001/2002 The Faculty of Law (NUS) administers various graduate programmes that are tailored to the needs of a diverse population from all over the world, including
      587 words

  • WORLD news
    • 463 12 FRANKFURT Move prompted by concern weak euro is bad for global economic outlook Reuters THE European Central Bank weighed into the currency markets on its own yesterday in a renewed bid to prop up the euro currency. The ECB said it
      Reuters; AP  -  463 words
    • 138 12 BERLIN AFP MOST Germans would want the euro scrapped if that were possible, according to an opinion poll conducted for the German television news channel N24. The Forsa poll found that 56 per cent of those asked would like Germany to quit
      AFP  -  138 words
    • 491 12 LONDON But Scottish bank shrugged off the overture AFP BRITISH bank Abbey National has approached Bank of Scotland about a possible takeover, which would create a fifth British banking giant to vie with the so-called "big four," Abbey said yesterday. But the Scottish bank
      AFP  -  491 words
    • 403 12 WASHINGTON > Bonds down after the more than expected earnings rise Bloomberg THE US unemployment rate stayed at a 30-year low in October while wages rose more than expected, the Labour Department reported yesterday. Job growth slowed. The 3.9
      Bloomberg  -  403 words
    • 454 12 LONDON Reuters BRITAIN'S High Court yesterday ruled in favour of Lloyd's of London, the world's oldest insurance market, in a landmark fraud case brought against it by a group of individual underwriters. The underwriters known as Names had accused Lloyd's of recruiting
      Reuters  -  454 words
    • 338 12  -  From D Ravi Kanth in Geneva THE United States came under fire in the World Trade Organization on Thursday over its controversial new an-ti-dumping law, specifically the Byrd Amendment, which violated the trade body's agreements on anti-dumping and subsidies and countervailing
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    • 338 12 NEW YORK Reuters CHIEF executives at 95 per cent of the 200 largest US companies are holding on to their vested stock options rather than cashing them, in a sign of confidence in the current and future value of
      Reuters  -  338 words
    • 44 12 [LONDON] The sign on a petrol pump at a central London service station yesterday. Long queues built up at many petrol stations yesterday as motorists began to stockpile fuel ahead of threatened protests against high petrol taxes. REUTERS
      REUTERS  -  44 words
    • 584 13 SEOUL Firm escapes blacklist, bat warned against defaulting Bloomberg, Reuters KOREAN lenders told the nation's largest construction company yesterday they won't give it any new loans, stopping short of adding it to a list of 29 indebted companies they want closed. While
      Bloomberg,; Reuters; AFP  -  584 words
    • 429 13 LONDON Net profits for the first nine months np 60% to USs9.6b FT ROYAL Dutch/Shell, the An-glo-Dutch energy group, on Thursday reported an 80 per cent jump in third quarter earnings to a record U553.25 billion (555.6 billion) thanks to
      FT  -  429 words
    • 779 13 He's called fart* action by those fearing state's votes might slip away Reuters [LOS ANGELES] President Bill Clinton jumped firmly into the 2000 campaign on Thursday, urging thousands of cheering Californians to do their part to make sure the most populous state votes
      Reuters  -  779 words
    • 531 13 AP PWT ALUS, Wisconsin] ftlfffltflfig) ppffltowG«or«eW Bush has oonthat he wis arrested and pleaded guilty neaity?s yean ago to driving whfle under the ftfhww* of "I'm not proud of that," he said. V•' Confirming reports that surfaced in the media five days
      AP  -  531 words


  • MOTORING
    • Article, Illustration
      1236 14  -  The 147 is the latest Milanese product to offer brawn, beauty and quality. SAMUEL EE goes to Monte Carlo for a heady spin SAMUEL EE The writer Is BT's on-line editor Tm HE automotively Indifferent In Singapore have a name tor him—the Alto guy, JMt&e macho type ana
      1,236 words
    • 538 14  -  By\ Christopher Tan [SINGAPORE] The Singapore Motor Show the country's biggest automotive event promises to be much more than a satellite showroom, an unflattering label previous shows were stuck with. Opening next Friday at Suntec City, the exhibition will present an impressive list
      538 words
    • 451 15  -  Wh eel S Maniam, via Internet MY HONDA Accord has to be scrapped soon and I am In the market for a car. The Saab distributor has been chewing me, as has the BMW agent. I called the Volvo people but they have not been
      451 words
    • 63 15  -  Kathy Phoon, via phone I JUST saw the new Toyota Corolla and I've fallen in love with it. Which model would you recommend—the 1.5-litre or 1.8? The 1.5-litre version is value for money. It is almost as powerful, Just as well equipped—and costs substantially less. In fact, the
      63 words
    • 115 15  -  Chek Hee Tay IN your article "A different bandwagon" (Sept 29) you compared BMW and Volvo itatlon wagons. But how about the Saab 94, which hae been voted one of the better-designed wagons on the market today. We should change our mindsets and not just stick to
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    • 274 15  -  Hanis Lee, via Internet REFERRING to your "Who dares wins" (BT, Oct 20) comparison of the Toyota Corolla, Honda Civic and Nissan Sunny, I wish to point out the Nissan Sunny 1.6 SS has rear drum brakes. As for the "auto" air-con, I understand from a Tan
      274 words
    • 254 15  -  Tan Chin Poh, via Internet COULD you advise me u to how transfer fees are calculated? What would this be for, say, a l .6-litre car which is 8-4 years old? Tht Lud Tnmpft AutlwHty replleei Feee payable for the transfer of ownership of a vehlcli art as
      254 words
    • 129 15  -  Leong Mun Yew, via Internet I DRIVE a Volvo 870 with auto transmission. I was told by one of the 8 M Motors servloe staff that when I'm waiting at the traffic lights It Is better to shift the gear lever to neutral Instead of leaving It
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    • 46 15  -  Joyce Wee, via Internet WITH reference to your article "Speed-warning devices to go" (Oct 5), I would like to *ay: Please make It compulsory for school buses and vans that ferry young children to be fitted with seat belts as soon as possible.
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    • 159 15  -  John B Gonsalves, via Internet I AM planning on moving to Singapore, where a friend has offered to sell me his used 1996 Volvo for $90,000. He bought It new for 1190,000. The car has done 114,000 km. I've seen such outrageous new car prices that this
      159 words
    • BUMPER to BUMPER
      • 80 15 > J9HH£ luidsd hlmMlfa BMW TMlAonfbunteywitta hoi®-in-one at the Fuji Xerox OolfCh*llen§» 3000. It wae a alio a apodal noroent flop apooior Pertbraianoo Motoft»ti It vmlfca flret time tCTWfont hrl whfchattraottd about at the SantoaaQolfGhib. Mr Tie suitable naaafbr a solfcr ■•fended the lucky
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      • 97 15 HONDA has launched a "mkU-MPV" based on tht Civic. Called Btrean). tho seven sootier pfflsrs i stylish rteelgn flat-floor accommodation and oar-like dynamics. It ia available asa front-wheel-drive or an all-wheeMrive. There are two engine ohoioee: the 1.7-iitreBoHC eeen in the new Civic, or a new
        97 words
      • 50 15 Al4O MILLION (***** J million) floating rate not* (FRN) iseusfbr Group Lotue pic, guaranteed by Malaysian parent Proton, hM boon oversubscribed by 70per oent. Due to aoOMtwaeAeia'i first sterling<lenominsted FRN, mmsm INO Barings The final aynriiflatf nompiind ntiw Asian, lftiff > paai AMffrdNa* he
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      • 91 15 VOLKSWAGEN has reported a 40 per oent riae in profit far tin first nine month# of tho year on tho bach of iwffwml muni tales and wtMtti^*y**i yfffg AFP reported VWi not profit wi» U4 billion turot (811.7 billion) in tho flnt nine months, white pre-tax
        91 words
      • 64 15 AUDI expects worldwide tales toiwpaiaB6o,ooouniti tor the firtt tlmt thit year, wtth revem# Patting 80 billion markt (***** billion). At end-September, salet were *****1, up 8 per oent from 488,088 In the previous oorretponding period. Production totalled 477,158 unltt, 1J par oent up from 471
        64 words
      • 76 15 PEUGEOT hat introduced new engines in tts popular 406 sedan. There la t 2.2-litre petrol unit carried ovtr fhwa tht 007 flagship, and 1. Mitre 16-valve unit—the latest addition to a new-generation range. In Europe, thtrt la alio a 2.2-lltre diesel power plant with
        76 words
      • 59 15  -  OomplMby Christopher Tan IF you vliit an NTUC-affUiated eetablishment betweei Oct 1 and Mar 81 next year, you ttand to win a car. Six cart—flour Kiat and two Protons—ars up tor grtbs. Participating outlets include NTUC Club, Downtown East, Escape Theme Park, Wine Connection,
        59 words

  • Page 15 Advertisements
    • 204 15 WELCOME and thank you for all your mail. We strive to accommodate as many of your queries and suggestions as possible, space and time permitting. Unavoidably, some have had to be left out but don't let that deter you from continuing to write to us. Meanwhile, it is heartening to
      204 words

  • FINANCE & commodities
    • 277 16  -  SGX Derivatives Tradlngßeport ST Index/MSClS'pore Index Seow Hock Hin Rtfco Singapore THE Singapore stock market closed on a bullish mood yesterday. It closed at its highest level in seven weeks. A late rebound in the banking and property sectors helped the Straits Times
      277 words
    • 229 16  -  MS& Taiwan Index Lau Chee Keong Refco Singapore THE MSCI Taiwan index rose more than 3 per cent yesterday. Nasdaq's overnight rally and optimism that the political crisis would be resolved without the impeachment of President Chen Shui-bian helped to lift the sentiment. The MSCI
      229 words
    • 162 16 EMERGY REPORT Reuters [LONDON] OU prices lost more ground yesterday after Thursday's tentative truce agreement between Israel and the Palestinians eased worries about a flare-up in the Middle East The ceasefire reduced concerns of a possible squeeze on crude supplies in a market already short
      Reuters  -  162 words
    • 349 16 Reuters Tiffnilffn THE euro leapt to one-month highs against the dollar yesterday after the European Central Bank intervened in its support for the second time in six weeks. It rose more than 1.5 US cents to peaks new* US$O.BB in the wake of the intervention, some way short
      Reuters  -  349 words
    • Article, Illustration
      917 16 1MTBEBAMK OOSS RATBS NaV 3 tt C> it ttn nr to m MiiOM* tm Wm M m$Nfc9» Hm SI to* Sir MTS 1M Pmmt US$ Antrah 0J00 43* 0306 1*74 109 4376 ***** 47.701 0365 5.925 1.9*6 1309 29.760 ***** 0.906 1934 0.925 16J33 22.815 0362 0323 CMS* 1249 5.420
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    • 1628 16 S1C0M FUTURBS Nov 3 i i MMBEt(TiiIib111u»iiwj ii illTflpw) RSS1C08T8ACT(Scei«sfa) dNt VolMM Ope* Month M0I ||f lilt Monet Dec 00 8100 Jmn -IBM SO Feb 01 T1150 -50 **a moo m RSS 3 CONTRACT (US cMtiA?) MlM Qpw fctowtti ftftjli Low Sott (tfMMi) Dec 00 MOO MOO 63.50 285 095
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  • STOCKS east asia
    • 2758 17 HONGKONG AFP PI Hang Seng +302-58 HONGKONG share prices rose 1.97 per cent yesterday, led by gains in HSBC, with a rally in China Mobile also providing support, dealers said. The key Hang Seng Index gained 302.58 points to
      AFP  -  2,758 words
    • Article, Illustration
      958 17 Reuters pjs>Mw«i»Aq Binder *LB7 CHINA'S B shares rose sharply yesterday after state media said a former securities regulator had urged the government to allow special mutual funds through which local investors could trade the hard currency shares. Shanghai's B share index ended up 3.78 per cent at 73.06 points
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  958 words
    • 374 17 AFP □*P Index +170.00 TAIWANESE shares closed 3 per cent higher yesterday, taking a cue from the Nasdaq's overnight rally and an easing of political uncertainty, as it appeared unlikely the opposition would impeach President Chen Shui-bian, dealers said. The Taiwan Stock Exchange Weighted Price Index surged 170.00 points
      AFP  -  374 words
  • Page 17 Advertisements
    • 45 17 r —I TheßusinessTmes INTELLI6ENCE CHANGES EVERYTHING. The Tokyo market was dosed 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!
      45 words

  • STOCKS klse
    • 336 18 AFP Q Composite Index +10.87 MALAYSIAN shares closed 1.5 per cent higher yesterday as local institutional funds picked up selected blue chips foUowing a Nasdaq rebound, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 10.87 points to finish at
      AFP  -  336 words
    • 8748 18 INDUSTRIALS Corsmmt protects 2000 LMt Vol Day Itot Cap High Low Company Sato 'OOP Wall Low Pit <m» 420 310 Ajlnomoto 340 ia.6 137.8 158 46 Angkasa 48.5 1 5 49 48.5 71.5 670 290 Apollo Food Hlq 418 9.1 167.2 3825 2700 BAT 50c 3650 275 1081 3700 3375
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  • SGX clob & regional stocks
    • 2404 19 BONDS WARRANTS *i Mt M i+n n-wn Ktf M am Uimm im ■mmt ctm um mm mm w* l— riimi ut> t- ihb l— Bayar w» hn» <—«h*ii» w> m> i«m ut 51.5 3.5 Acma W*****4 7.5 L5 533 9 7 7.5 S 6 41.0 1 300 246 11.87 8
      2,404 words
    • Article, Illustration
      737 19 AFP nSErhfai *7.54 THE Thai stock market jumped 2.7 per cent yesterday on the back of overnight gains on Wall Street and local buying in telecommunications and electronics stocks, dealers said. The Stock Exchange of Thailand (SET) Composite Index gained 7.54 points to close at 287.84 points, and the
      AFP  -  737 words
    • Article, Illustration
      656 19 AFP QOmipoatehia ♦LOT INDONESIAN share prices closed up 0.5 per cent yesterday led by Indosat, with overall market sentiment weak in the absence of strong leads, dealers said. "If it were not for Indosat the index could otherwise have closed lower," Sassoon Securities dealer Ari Pitoyo said. The Jakarta
      AFP  -  656 words
    • 254 19 AFP PHBE-40 *2118 NEW Zealand shares gained 1.5 per cent yesterday, buoyed by telecom stocks following Nasdaq's rebound on Wall Street overnight. The NZSE-40 Capital Index rose 29.15 points to 1,942 47. Among 139 stocks traded, 65 rose while 31 fell. —AFP i»» m *h coo Advantage HDS 175
      AFP  -  254 words
    • 548 19 AFP yiAflOrifayuiei *3(150 AUSTRALIAN shares gained 0.9 per cent yesterday on the back of strong performances by News Corporation and the banking sector, brokers said. The All Ordinaries index rose 30.5 points to 3,266.5 while the SP/ASX 200 added 32.6 points to 3,321.9. National turnover was 549.89 million shares,
      AFP  -  548 words
    • 307 19 AFP nOmpMitehig *231 SOUTH Korean shares rose 0.4 per cent yesterday with the ingex up 2.31 at 560.41. Volume stood at 404 million worth 2.2 trillion won. AFP Iwl An*mS*ml 6150 -50 Br«(n Toch 600 K) C*ntr»l B«nk 170 unch ChtOComm ***** 4000 Dm Ou Bank 2070 -JO DMMngCorp
      AFP  -  307 words
  • Page 19 Advertisements
    • 28 19 A weekly must-read for property buyers and sellers Tin-:I!i si\i;ssTi\]i:s The Manila market was closed yesterday I *%s** **«a aK nnp oil con I 1 onrlUl 11 a,.™,
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  • 8585 20 SGZ M AIWHOARD Transaction date: Nov 3 Or Or M Wt 52-Wk Last Va« Day Last Ouote oiv Mv YM Nat Cap Avg High Law Company Sala COOP) Hm» Lao jyyar SaWar C*vr P/t tmi Wca 163 75 c Acma50c 89 *5 493 91 85 88.5 89 1
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  • Page 20 Advertisements

  • Page 21 Advertisements
    • 221 21 Where to wine, dine and entertain..."""? ss SEj^SSSSII "Tunch" is the best for lunch and high tea rolled into one. Which means longer serving hours and even more scrumptious spreads. "Tunch" from 12 noon 4.30pm #16.90 (Adult) 40% discount (Child) "Tunch Karaoke" from 12 noon Bpm #22.90* (Adult) 40% discount*
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    • 17 21 r k§i(|| I 22 Orchard Road, flngapora *****7 I T«fc 737 9944 Ext 400*02 Fax: 733 3178
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    • 63 21 Food For Tiioi c,h i /mi I lining <11 ii\ /•<>/ I\l 1 I U\l 1!1 ',l\l V. 11 \I II J c t>U) W ///<■(// S rv Silrct .1 sl.iiUt. llun mi.tin lioin <>m .iLi-i.nU iih iui, l<n .hi .i(l<lilinn.il wiHI >.i\ hi .in ii rrsi>>lihir <l» i I
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    • 14 21 I Contact Patrick Ang d 740 1284 I or Amy Choo 9 *****59 now.
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    • 28 21 ■■nmH —r —r 1- Shantou Cuisine The Neptune From 1 November 2000 Reservations: 224 3922 /Wewhniejß^tolgyenr 333 Orchard Road, Singapore *****7. fljjff Tel: 737 4411 Fax: 732 2361
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  • Page 21 Miscellaneous
    • 841 21 n in LOO AM Cinema, Cinema, Kota. rymore. Cinema. 1149 Tirai: Wanita Dan Pe- LOO Headlines. &00 AM Kids Central: The Movies, Games Vi- muda Desa. LO2 SQ 006: Tragedy In TaiBig Bug Show. deos. 12.00 MN TV Innovations. pei (r). 840 Brambly Hedge. 2.00 The Naked Chef. L3O AM
      841 words
    • 262 21 CRYPTIC CROSSWORD ACROSS 7 Went through water with power 1 Effect of legislation seen by one jnbog(s) Isghlalnr (6) 8 Searching closely for family in 4 Come shortly to "Enigma" from newspaper (6) Elgar, say (8) 9 Ideal mate for chap's dog? 10 SAenoe)Eargetscap(s) (3*1.4,6) 11 Brandy and beer very
      262 words

  • New Asia Biz Woman
    • 582 22 A Wall Street Journal report claims that Wendi Deng, Chinese-bora wife of Rupert Murdoch, is the guiding influence on her husband's expansion into China The Daily Telegraph WHEN Rupert Murdoch married his Chinese-born wife, Wendi Deng, on his yacht, Morning Glory moored in New York
      The Daily Telegraph  -  582 words
    • 1351 23  -  Pamela Oei the musician, actress and former architect tells pabvathx matax why she chose the arts over making big bucks in other professions PARVATHI NAYAR ONSTAGE.PamOei projects confidence as an actress, a rich, bluesy voice as a singer with lotsa attitude as the frontman of
      CHRIS LOH  -  1,351 words
    • 669 23  -  Recent SAM talk touches on the impact of feminism on the art world and feminist artists who challenge male stereotypes By. John Gee IF you have an interest in art, but nothing comes to mind when names such as Paula Rego and Mary Kelly are mentioned and
      669 words
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  • The Arts
    • 1567 24  -  When key figures behind Singapore Dance Theatre and The Business Times mull the idea of marrying arts and business, the result is a three-year collaborative effort which kicks off with the launching of the SDT-BT Arts Fund on Dec 13. CHEAH Ul-HOON finds out about other
      ARTHUR LEE; FILE PHOTO  -  1,567 words
    • Article, Illustration
      1218 25  -  Come March next year, audiences can of musical k extravanganza, the swinging '50s to Latino tragedy. PARVATHI liTUt finds out what's in store from IMG which is bringing in three shows Buddy The Musical, Carmen and Slava's Snow Show PARVATHI NAYAR SNOWFIGHTS.a dancing horse, a musical legend brought back
      1,218 words
    • 122 25 Singapore Chinese Orchestra Outdoor Concert A selection of popular tunes will be performed, including Chan Mali Chan, Mambo No. 5, San Chun Jie Ri and Xiao Ren Wu DeXinShen. +Nov 12,6pm at the Palm Valley, Singapore Botanic Gardens. Singapore Lyric Opera 10th Anniversary Gala Concert A gala concert featuring
      122 words
    • 236 25 New Talent Presentation 1 Witness the synergy between local and foreign artists and choreographers as innovative works are performed by the Odyssey Dance Theatre. ♦iVou 14-15,8pm at the Drama Centre. Tickets at $15 and $12(student concession) available from SISTIC outlets and hotline: *****55.15% for OCBCArts cardholders. Hey! A performance
      236 words
    • 109 25 Singapore Art Museum Recent Acquisition An exhibition of recent acquisitions by the SAM featuring works by artists from Singapore and South-east Asia. +Until Nov 5. Galleries 5-8. Chen Wen Hsi Exhibition Featuring stunning works by late pioneer artist Dr Chen Wen Hsi. ♦Ort 24 to Nov 19, Anderson Gallery.
      109 words
    • 282 25  -  Compiled by Aaron Lye The Amazing World of Chang Eng An exhibition by Action Theatre in conjunction with the new season of the musical. Includes rare archival photographs of the twins and their personal memorabilia. +Nov 2-12,10 a- 10pm daily. On stage performances on Sat-Sun at 6:3opm. Free admission
      282 words
    • Article, Illustration
      193 25  -  By Cheah Ui-Boon Th® buzz: A subject that we all are interested in—relationship and time pat to fluid movement In This is Not a Lovesong. Th® plot and ptayew: German duo Jutta Hell and Dieter Baumann perform their masterpiece, an abstract psychogram of a mature relationship, marked by fissures
      193 words
    • 627 26  -  Five winning entries for Nokia Arts Award reflect on life, childhood and spirituality By Aaron Lye ONCE again, Nokia Singapore is doing its bit to support the arts, both here and in the rest of the Asia-Pacific region. In its second year, the Nokia Arts Award
      627 words


  • Page 26 Advertisements
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      64 words