The Business Times, 11 November 2000

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Total Pages: 26
1 26 The Business Times
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  • Title Section
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    18 1 THE BUSINESS TIMES MITA (P) 035/12/1999 850 S INGAPORE 41.«1| a- SATURDAY. NOVEMBER 11. 2000 Internet: http://business-times.asial .com.sg
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  • Article
    Lock icon MARKET SUMMARY
    74 1 □sn (-17.59) BT-SEI 7V7j06 (-6.57) ST INDEX FUTURES U67J00 (-22.00) SEKSCIPUTUSES 2SSuOO (-2.30) STOCK HASKET INDICES Friday Change KLSE COMP ***** -0.70 NIKKEI 225 14J968J4 -7!il RANG SENG 15J8919—-115.41 SET INDEX ***** -0-36 JAKARTA COMP —426.97 +5JO MANILA COMP _l,4«a96 +0.1# TAIPEI WP1 .6,088.74 -0.81 SEOUL COMP 565.18
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  • Article
    Lock icon FINANCE
    73 1 FOBEX BATES us$ s$ US$ 1739 £(US$/SS per 1.435 2.496 EURO(US$/S$/E) 0.879 1-512 DM 1249 1J94 YEN 1975 61J90 RM 3-800 2.186 HKS 7.799 4.486 BAHT 43.50 25.02 RUPIAH 9,232 5,310 PRIME SATES SINGAPORE* 5.80 KUALA LUMPUR 7.17 JAKARTA .39.00 BANGKOK 9.50 MANILA 11.00 HONGKONG 8.50 TAIPEI 7.84 SYDNEY
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  • Article
    Lock icon Investors may get recourse to civil suits
    470 1  -  JUMMlBLimhbi' MAS looking into extending civil liability for market misconduct By I Siow Li Sen [SINGAPORE] The Monetary Authority of Singapore (MAS) is looking into, extending legal actions for civil penalty and liability to other forms of market misconduct besides insider trading. Through
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  • Article, Illustration
    Lock icon Chuan Hup appoints adviser to review its 32% PCI stake
    722 1  -  PCI shares rise farther as ING Barings weighs strategic options By\ Serena Ng [SINGAPORE] The spate of global acquisitions among electronics manufacturers has clearly whetted the appetite of Chuan Hup Holdings, which is reviewing its holdings in printed circuit board
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  • Article
    Lock icon SingTel turns in $1.24b interim
    986 1  -  By' Teh Hooi Ling [SINGAPORE] A resilient set of operating results, government compensation, and realised gains from its venture capital investments all helped to propel Singapore Telecom's interim net earnings by a robust 28.4 per cent to a massive $1.24 billion. And to reward shareholders,
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      121 1 INSIDE The Arts The Arts revisited: One year ijito the millennium, what lies ahead? Four decision-makers share their thoughts. CtocAr Pajg New Asia Biz Woman > ,j v Kumari Nahappan: Picking up art at age 37 after a successful career as an interior designer. 22 i *i, 4 f Top
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      147 1 US ELECTION MOTORING di Millennium Motorshow: Bush camp: /jzj r J v U.(.1 ilrui /I'.'J i Top 10 '.!'j f I''i tll "> list Gore camp: //o/ J his I-v r C/ v/ f.l') i' Pg f4 J.f.jß The clcction that will not end B®CHENfYI Vj It's like a Third
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      18 1 No spta-ofli of Sing Tel units this year,Pg4 Commentary: Getting geared up for the real competition, Pg 4
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Raking it in
        74 2 WANT proof that running a golf club can be lucrative? Look at the latest annual report from Singapore Island Country Club. In the year to June 30, it took a tidy $20 million in membership fees $3.2 million entrance fees, $7.7 million conversion fees and $9.4 million
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      • Article
        Lock icon Giving Lions Int'l a bad name
        45 2 SEEN in the underground parking lot of the small Tanglin Place building recently: a big black Mercedes in the only handicapped lot. The irony was the Merc proudly displayed a tag from Lions International, whose motto is "We serve".
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      • Article
        Lock icon Sold solid on stocks
        65 2 AMERICANS continue to pump money into the stock market. A report by Richard Russell says US$ll.4 billion (5519.8 billion) of new money went into equity mutual funds last week. And the funds took in US$225 billion in the 12 months ended August—double the figure'a year earlier.
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      • Article
        Lock icon Asleep at the switch
        135 2 GOLDMAN Sachs has just upgraded its 12-month price target for ST Engineering from $2.83 to $3.13. And it supports the call with a 26-page report with tantalising details of various military contracts the ST Engg stable is said to be pursuing. But Goldman's commentary on the
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      • Article
        Lock icon No money, no talk
        54 2 MONEY talks. At a recent industry conference, the organiser told a reporter he could not ask questions after the speakers' presentations because he wasn't a paying delegate. And at another recent conference, on technology financing, reporters were told the same thing. So why ask the media
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    • Article
      Lock icon MMC in deal to take 50.1% stake in Johor port
      545 2  -  It intMrtittTift IF newpfcergrsßfliaiOf pOffwfflaSlßft From\ Eddie Toh in Kuala Lumpur MALAYSIA Mining Corporation will acquire a majority stake in the Port of Tanjung Pelepas (PTP) in Johor, but it is unclear if the latter's substantial shareholder, Maersk Sealand, will
      545 words
    • Article
      Lock icon Japan outlook downgraded for first time in two years
      582 2 EPA says slower Europe, US growth may dent exports; low consumer spending also cited Bloomberg [TOKYO] Japan's Economic Planning Agency (EPA) yesterday downgraded its assessment of the economy for the first time in more than two years, warning that slower growth
      Bloomberg  -  582 words
    • Article, Illustration
      Lock icon Chairman takes Prudential approach in his new job
      1003 2  -  Roger Hurn is practically a stranger to the insurance industry. But he is more than ready to take the company into the Internet era Chu&ng Peck Ming reports Chuang Peck Ming ROGER Hum is four months into his new job at Prudential,
      ARTHUR LEE  -  1,003 words
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  • US elections
    • Article
      Lock icon The election that will go on. ..ad nauseam
      1023 3  -  It's going to be a long, tedious, traumatic and bumpy ride before either Bush or Gore becomes president, lbok hwm writes from Washington LEON HADAR THE consummate political junkie cannot but appreciate the following delicious irony: William Daley, the campaign manager of
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    • Article, Illustration
      Lock icon It won't be over any time soon
      1164 3 Gore campaign launches an aggressive legal and moral challenge to the electoral process in Florida NYT, Reuters [WASHINGTON] Vice-President A 1 Gore's campaign yesterday said that the election was 'not over" despite unofficial results that gave Republican candidate George W Bush a lead
      NYT,; Reuters; AFP  -  1,164 words
    • Article, Illustration
      Lock icon It's like a Third World election
      895 3  -  WRITERS JOURNAL The Gore-Bush saga shows a glaring decline in integrity and public-spiritedness karim raslan The writer is a KL-based lawyer and author THE message is loud and clear: we can no longer look to America, and especially its political elite, to deliver global
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon No SingTel units spin-off this year: Boon Hwee
      648 4  -  Delay dne to market volatility; regional expansion to drive earnings growth, says chairman By' Teh Hooi Ling SINGAPORE Telecom will not spin off any of its units this year in view of market volatility, said chairman Koh Boon Hwee yesterday. "While spin-offs
      CHRIS LOH  -  648 words
    • Article
      Lock icon Getting geared up for the real competition
      578 4  -  COMMENTARY By 1 Kenneth James WITH Singapore Telecom holding or improving market share in key areas at home and beating profit expectations in the process, you have to wonder what its competitors need to do to make a dent. Underlying the giant incumbent's
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    • Article
      Lock icon DBS denies it is planning to cut 580 jobs
      337 4  -  Redeployment, yes, but no job cuts, bank tell* staff By\ Serena Ng DBS BANK yesterday reassured its staff that it is not planning to cut 580 jobs. Sources in the bank said its human resources department had received several calls from
      337 words
    • Article
      Lock icon CDP, Indon body agree on cross-border settlement
      180 4 THE Central Depository (CDP) and the Indonesian Central Securities Depository (KSEI) yesterday signed a memorandum of understanding to put in place cross-border settlement of securities transactions. This is scheduled to begin in the first quarter of 2001. Upon confirmation of the final terms,
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    • Article
      Lock icon HLF shares get boost from MAS's loan limit exemption
      438 4  -  Counter jumps 16 cents to even as STI closes lower for the day By Conrad Raj HONG Leong Finance shares were among the top gainers yesterday when the overall market shed 17.59 points on the Straits Times Index, thanks to news
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    • Article, Illustration
      Lock icon Comfort Group H1 net profit rises 22% to $30m
      577 5  -  Turnover jumps 15.3% to $*****, boosted by diesel retail, automotive services By Christopher Tan TRANSPORT operator Comfort Group turned in 22 per cent higher net profit of $30 million for the six months ended Sept 30 spurring the company to look
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    • Article
      Lock icon PSA Corp takes majority stake in venture with Keppel
      267 5  -  By] Kalpana Rashiwala PSA Corp and Keppel group, which have teamed up to develop twin office towers on their neighbouring sites in the World Trade Centre and Keppel harbour location, yesterday revealed they are taking stakes of 61 and 39 per
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    • Article
      Lock icon Plenty of action soon to wake up sleepy SGX
      724 5  -  ven sreenivasan THE Singapore stock market, whose performance for much of this year has tracked the volatility on Wall Street, may finally be building up some steam of its own thanks to merger mania. The takeover of contract manufacturer Nat Steel
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    • Article
      Lock icon Lion Asiapac to buy into 2 China automotive firms
      380 7  -  It acquires Angkasa Transport; total cost could reach $49.5 m By Serena Ng MAINBOARD-LISTED Lion Asiapac, which makes and distributes motorbikes in China, will be expanding its business there by buying into two Chinese automotive companies. Should one of them go
      380 words
    • Article
      Lock icon SIA, UTH in venture to service turbine blades
      390 7  -  SIAEC,STAero,US firm to form USsl&2m partnership By] David Boey SIA has tied up with US-based United Technologies Holdings (UTH) in a venture that will slash the time needed to service turbine blades used on its Pratt Whitney PW4OOO turbofans that power its
      390 words
    • Article, Illustration
      Lock icon DBS invests US$100m in Asia Treasury Centre
      305 7  -  By Ling Su Ann DBS Bank yesterday unveiled its impressive 3,000 square metre Asia Treasury Centre, saying it spent a hefty US$lOO million (Ssl74 million) on systems, facilities, technology and people. But the investment has already started to pay off, said Singapore's largest
      ARTHUR LEE  -  305 words
    • COMPANY Briefs
      • Article
        Lock icon GIC snaps up more Star shares
        77 7 THE Government of Singapore Investment Corporation (GIC) has bought more shares in Star Publications, publisher of the leading namesake English newspaper in Malaysia. According to filings to the Malaysian exchange, the investment arm of the Singapore government bought shares of Star earlier this week
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      • Article
        Lock icon Harvey Norman to open at Millenia
        79 7 PERTAMA Holdings yesterday announced the first Harvey Norman signature store in Asia, confirming an earlier BT report TheBo,ooosq ft outlet at Pontiac's Millenia Walk is expected to open in May next year and will boast a wide range of ftirniture, bedding, electronics and electrical
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      • Article
        Lock icon NatSteel ups Raffles Marina stake
        57 7 NATSTEEL Ud has raised its stake in Raffles Marina Ltd (RML). It said wholly-owned Nat Steel Resorts International increased its stake in RML from 65 to 75 per cent with the purchase of DBSL Leisure Holdings' entire hokiing of 1 million for $1«M»0 cash. RML
        57 words
      • Article
        Lock icon Nobel unit ropes in VV
        65 7 NOBEL Design Holdings said 90 per cent owned Buy Lateral.com Pte Ltd has signed a deal with NJI No. 3 Investment Fund for the latter to sutecribe Ibr new Redeemable Convertible Preference Shares of Sfo.ol each folly paid for $2,499,795J24. Buy Lateral is a business-to-business
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    • Article
      Lock icon SC Global may reap $11.8m from Lincoln Modern project
      210 7 SC Global will be able to book about $11.8 miMon in pre-tax profits from its Lincoln Modern project over the next few years if it manages to sell off the entire development at the $1,180 psf average price fixed for yesterday's
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      831 4 f? 0BNL* Bancs Nazionale del Lavoro SINGAPORE BRANCH (ESTABLISHED IN ITALY WITH LIMITED LIABILITY-HEAD OFFICE IN HOME) HEAD OFFICE ADDRESS: VIA VITTOfMO VENETO 119, ***** ROMA, ITALY millions ASSETS 1999 CONSOLIDATED STATEMENT OF OPERATIONS 1999 Caah and deposits with central banks Intereat Incoma 8,619,025 and post offlcea 904,574 of which:
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      8 4 DBS inverts USsllom in treasury centre, Pg 7
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      245 5 i r.fM I f 1 (T IB I I HRSB m 8» OHOS ...MdMrilMlMUMMhaa*... M i TAG Sli rn No t ebook <1 ,jl i>x Q. MiNOte mmmp J' Light weight is on eveyones wish list for a notebook computer Too often thougtr Mi TAG Slim Notebook to get one
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      391 6 Stock* Votam PCI 25c 49.738,000 GufTech W*****7 27,006.000 ChewEuHock 20c 19,492,000 AddvafTech 2.5c 16,916,000 Gul Tech 20c 16,005,000 ParifcCenturyl Oc 15,368,000 Omni bid 10c 14,507,000 OUBDB0CWO1O123 12,929,000 ChuanHup20c.~ 12,639,000 Vckers Capital 25c 9,910,000 Stock* PCI 25c 72,489.930 Chart Semiconductor 26c 59,124,079 Omni kid 10c 50,504,320 VentureMfg25c 27,212,955 OUB 26,541,250 PacificCentuiylOc.—
      391 words
    • Article, Illustration
      Lock icon Takeover talk fails to check Nasdaq meltdown fears
      562 6  -  STOCKS r.sivanithy GUL Technologies yesterday assumed the leadership mantle from PCI as the market's most favoured takeover target, while blue chips were not just ignored in the process, they were systematically smashed lower, probably in anticipation of a Nasdaq fall in yesterday's
      562 words
    • Article, Illustration
      Lock icon Want Want warrant: good numbers make it interesting
      186 6  -  WARRANT WATCH By\ R Sivanithy AFTER a flurry of buying recently, things in the load market have settled down to the more familiar situation of tracking Wall Street, worrying about US tech earnings and now, who will be the next American president.
      186 words
    • Article, Illustration
      Lock icon F&N likely to see upward momentum
      240 6  -  HOT STOCK Byi Serena Ng THE stock of Fraser Neave has performed strongly in recent sessions and could see farther upside. It closed five cents lower at $6.70 on volume of 209,000 yesterday. But that is well off its year-low of $4 in March
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    • Article
      Lock icon Market Notices
      112 6 ♦THE Singapore Exchange 1 Securities Trading has approved the delisting of shares of f CarnaudMetalbox Asia (CMB Asia) from the SGX-ST from Nov 10. Following the completion of the compulsory acquisition exercise, CMB Asia has become a wholly-owned subsidiary ofClaremont Heights. ♦RAFFLES Holdings has on Nov 9 appointed
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    • Article, Illustration
      Lock icon US poll uncertainty, euro intervention crimp US$
      297 6  -  BTlI'llllllHlll CURRENCIES larry wee LINGERING US election uncertainties resulted in the greenback giving up more ground yesterday than it gained on Thursday, especially against regular alternatives like the sterling pound, the Australian dollar and the euro. Traders reported the latter was also given
      Source: Reuters  -  297 words
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      80 6 This announcement appears as a matter of record only November 2000 CLAREMONT HEIGHTS LTD (Incorporated in the British Virgin Islands) a wholly-owned subsidiary of CROWN CORK SEAL COMPANY, INC. has acquired 100% of the issued and paid-up share capital of carnaudMetalbox CARNAUDMETALBOX ASIA LIMITED (Incorporated in the Republic of Singapore)
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      23 6 Grow Your CPF With eiBht Impor'ciP' A jDOi'COt'Crs C n eiart ,v ui' DC- mcicie C p the a'DpliCCltiQn fc-TiS >I< >1 '.S
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  • Article
    Lock icon BT SHARE information service
    2975 7 5 3§n» 4 ssss. -8*: t& su aa -y jfMrr uS Si) UM HS? BK .in SwOS 1 *»2 S"*" SjU I VV4« iJM m l» tssz*. as ra g. gn. gs r ga g& 5 asrs, as 1 aa asaa. aa: sg g as ssss.
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  • SINGAPORE news
    • Article, Illustration
      Lock icon More tax reviews for e-economy on the cards
      582 8  -  Fairness in tax treatment of Old Economy activities too: IRAS By Conrad Raj SINGAPORE taxpayers can expect more reviews to be carried out into the complex issue of how to tax e-economy transactions and payments. Disclosing this at a luncheon talk yesterday
      FILE PHOTO  -  582 words
    • Article
      Lock icon Advertising expenditure up 29% to top $1b in Ist 9 months
      523 8  -  By 1 Teh Hooi Ling ADVERTISING expenditure in Singapore grew 29 per cent during the first nine months of this year to top $1 billion, with strong momentum generated by industry deregulation and keen competition, according to latest figures
      523 words
    • Article
      Lock icon Bids for huge Enggor St site rejected
      410 8  -  Apt sites at Geylang, Kim Seat; landed housing plots at Lorong Chnan awarded By] Marissa Chew THE government has rejected bids for the massive Enggor Street site near Tanjong Pagar MRT station because they were too low. But it has awarded apartment sites
      410 words
    • Article
      Lock icon S'poreans better educated now: census
      317 8  -  by Kelvin Ng SINGAPORE residents are better educated now, and this is partly due to an increase in the number of well-educated Indian permanent residents, the latest census report shows. According to advance data from the 2000 census, 57 per cent of Singapore residents have
      317 words
    • Article
      Lock icon Engine capacity determines tax
      156 8  -  ■MAiurm Han Liang Yuan (Ms) WE thank Mr Ong Eng Chye for his letter, "Identical size, different taxes" (Mailbag, Nov 4). The current road tax structure took effect in September 1998 after a comprehensive review, carried out in conjunction with the implementation of the Electronic Road
      156 words
    • Article
      Lock icon More getting extra qualifications
      192 8 THE Singapore Department of Statistics has released its Census of Population 2000 findings for the nation's changing education profile. The findings demonstrate a growing trend among the resident population in further ing education and upgrading. Out of the population's non-tertiary level residents, 13 per cent had
      192 words
    • Article
      Lock icon Q3 inflation higher with dearer oil: DBS
      356 8  -  the economy inflation By\ Eugene Low FUELLED by higher oil prices, core inflation is expected to have risen several fold in the third quarter, according to a DBS Bank report. The bank said its core inflation estimate for the third quarter has risen
      356 words
    • Article, Illustration
      Lock icon Swee Say: New Economy dictates regional grouping
      522 8  -  By Chuang Peck Ming SINGAPORE may not be able to go it alone in the New Economy. "With the pace of change so fast and competition so keen, an economy can't compete on its own in the New Economy," Acting Environment Minister Lim
      FILE PHOTO  -  522 words
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  • e-NEWS
    • Article
      Lock icon Dell lowers sales growth rate for next year to 20%
      587 9 NEW YORK Q3 profit of USs674m meets target; sales rise 22% to USs&3b Reuters DELL Computer Corp on Thursday lowered the bar for sales growth next year to 20 per cent much lower than its historical sales performance overshadowing third-quarter
      Reuters  -  587 words
    • Article, Illustration
      Lock icon Beatles set to launch their first official website on Nov 13
      392 9 mLONDON Reuters THIRTY years after their breakup, The Beatles are ready to "dotcom together" again for the launch of their first official website and the world's media got a sneak preview on Thursday. The Beatles are finally taking the
      Reuters; AFP  -  392 words
    • Article
      Lock icon FCC acts to improve access to airwaves
      447 9 WASHINGTON Market to be setup to allow sale of wireless frequencies Bloomberg REGULATORS in the US have taken their first steps to improve access to airwaves and create a market where companies such as Verizon Wireless, event planners and others can swap or
      Bloomberg  -  447 words
    • Article
      Lock icon AT&T considers spinning off liberty Media
      303 9 NEW YORK AFX-Asia ATT Corp is considering spinning off Liberty Media, the FT.com reported, citing Liberty Media chairman John Malone. In an interview in Japan, Mr Malone said he expects ATT to announce in the coming weeks it is working on a disposal of
      AFX-Asia  -  303 words
    • Article
      Lock icon HK's Sunday to bid for 3G licence in S'pore
      345 9 HONGKONG Reuters HONGKONG wireless carrier Sunday Communications Ltd yesterday said it will bid for a spectrum licence in Singapore to provide third generation (3G) mobile phone services. "We plan to bid for a Singapore 3G licence," Sunday group managing director Craig
      Reuters  -  345 words
    • Article, Illustration
      Lock icon A faster phone
      51 9 PRESENT A TlONofthefirst pocket computer-mobile phone disposing of the GPRS (General Packet Radio Service) technology that should be on sale from thebeginingof2ool, a rate four or five times higher than the GSM portable phones. The computer has been created by French manufacturer Sagem and American Giant Microsoft.
      AFP  -  51 words
    • Article
      Lock icon Unit of leading Asian Net firm lays off 42 staff
      243 9 HONGKONG AFP WEB Connection, a subsidiary of leading Asian Internet company Chinadotcom, has laid off 42 staff in a further blow to the territory's beleaguered cyber-sector, a company spokesman said yesterday. Web Connection announced the job cuts to workers on
      AFP  -  243 words
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      22 9 f TODAY©**-Ml*. lianhelaobao n 1 Singapore is birthplace of Aiibaba.com, I says founder Jack Ma in Zaobao interview 16 i UiflltfftWlßßHtt _«si§____
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  • REGIONAL news
    • Article, Illustration
      Lock icon Estrada denies fresh allegations
      608 10 MANILA But he admits he failed to report bribery attempt AP PHILIPPINE President Joseph Estrada denied yesterday new allegations that he received a US$2O million (5534.8 million) kickback from the sale of the country's largest telephone company and pocketed more than US$l6 million from a controversial
      AP; AFP  -  608 words
    • Article, Illustration
      Lock icon Estrada's welfare plan for poor may benefit San Miguel chief
      613 10 MANILA Share sale could give old pal control of firm Bloomberg PHILIPPINE President Joseph Estrada's latest move to curry favour among the poor may also prove a boon for San Miguel chairman Eduardo Cojuangco, one of the nation's richest businessmen.
      Bloomberg; AFP  -  613 words
    • Article
      Lock icon Apec members split on fresh free trade talks
      520 10 BANDAR SERIBEGAWAN US wants to fix dates for WTO talks bat M'sia and Korea oppose a time frame Reuters PACIFIC Rim countries yesterday struggled to agree a common platform on global free trade talks ahead of a summit of the region's leaders
      Reuters  -  520 words
    • Article
      Lock icon KL buys 6 ships from Thyssen for RM5.4 billion
      337 10 KUALA LUMPUR First two ships to be built in Hamburg, other fonr in Lnmnt Bloomberg MALAYSIA has given a RM5.4 billion (552.5 billion) project to Germany's Thyssen AG to build six navy patrol ships, a move that will help the South-east
      Bloomberg  -  337 words
    • Article, Illustration
      Lock icon Interpol help sought to track down Tommy
      388 10 JAKARTA AFX-Asia, Reuters INDONESIAN police yesterday said they had sought international help in their widely ridiculed attempts to track down the fugitive son of disgraced former president Suharto, on the run from an 18-month jail sentence. Hutomo Tommy Mandala Putra, found guilty of
      AFX-Asia,; Reuters; FILE PHOTO  -  388 words
    • Article
      Lock icon No bailout for state electricity firm PLN: Rizal
      166 10 JAKARTA Reuters INDONESIA'S chief economics minister Rizal Ramli said yesterday the government would not bail out embattled state electricity firm, PT Perusahaan Listrik Negara (PLN), because its was "too easy" an option. "It is too easy for the government to write off
      Reuters  -  166 words
    • Article
      Lock icon CyberWorks misses deadline to name loan banks
      162 12 HONGKONG Bloomberg PACIFIC Century CyberWorks has missed a self-imposed deadline to appoint banks to arrange the refinancing of a US$9 biUion (5515.6 biUion) loan. Still, the company said it would appoint five or six banks to handle the loan next week. It is
      Bloomberg  -  162 words
    • Article
      Lock icon Prudential to set up HK office for real estate arm
      417 12  -  Move is part of aggressive expansion plan in region, says official Prom Quak Hiang Whai in Hongkong PRUDENTIAL Asia, the regional investment management subsidiary of Prudential Insurance Company of America, wiU set up a Hongkong office for GRA (Singapore), a
      417 words
    • Article
      Lock icon Protest against Li Peng over investment scam
      336 12 M BEIJING Investors who lost money say Li's son was involved in the govt-backed scheme AFP SOME 200 protesters gathered outside Beijing's city hall yesterday in a noisy protest blaming high-ranking leaders for losses incurred in a government-backed investment scam. "Li Peng come
      AFP  -  336 words
    • Article, Illustration
      Lock icon Resistance of another kind
      65 12 [VENICE] Former East Timor resistance leader Xanana Gusmao comforting his six-week-old son Alexandre as his Melbourne-born wife Kirsty Sword Gusmao looks on at the New South Wales Parliament House yesterday. Mr Gusmao is in Australia to accept a peace prize while his wife addressed a gathering
      REUTERS  -  65 words
    • Article
      Lock icon Ex-VP Rong is China's richest man: Forbes
      371 12 Reuters [SHANGHAI] China's wealthiest denizens have got richer this year, but Rong Yiren, former Chinese vice-president and ex-chairman of the country's premier investment firm Gitic, still tops the chart, according to Forbes magazine. Mr Rong and his family have net holdings of US$l.9
      Reuters  -  371 words
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      84 11 TO GET TO THE NEWS FAST Fresh Home News I m jm A Rich Blend of Prime and World News r 4 Jsff f= *i9BF Hot Money and Sports News f I Ah! The Aroma of Life! 1 *>i,J rfTYF^SiraS 4 is ißk. J:™***:«%o.i -2Ji .■■gMfc I' 1 W'W "I
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      2130 12 To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER Of FORNARI INTERNATIONAL MARKETING PTE LIMITED (In Members' Voluntary Liquidation) Nona or SPECIAL ANO ORDINARY RESOLUTION (Pursuant to Section 290(2)(b) At an Extraordinary General Meeting of the
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      237 12 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MOSITE COMPUTE* MARKETING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that the Final Meeting of the Members of the
      237 words
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  • WORLD news
    • Article
      Lock icon Nasdaq, Euronext planning to hold talks with LSE
      586 13 LONDON Negotiations will start after OM Gruppen's hostile bid for LSE lapses Bloomberg THE Nasdaq Stock Market and Euronext, the French, Dutch and Belgian stock exchange, were yesterday planning to approach the London Stock Exchange about alliances and joint ventures if, as
      Bloomberg  -  586 words
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      Lock icon Air France, Delta join bid for Air India
      334 13 LONDON List of suitors for loss-making airline is growing Reuters, Bloomberg AIR France and Delta Airlines joined a list of big name suitors for state-run Air India yesterday by putting in a joint bid for a stake in the Indian flag carrier.
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    • WORLD news
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        Lock icon Domain names in Asian scripts
        73 13 Reuters [HONG KONG] The Internet spread its global wings further yesterday with the trendy Web tags .com, .net and .org attaching themselves for the first time to thousands of domain names written in Chinese, Japanese, and Korean script. "We're entering names as quickly as possible
        Reuters  -  73 words
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        Lock icon AOL, Time anti-trust ruling delayed
        52 13 NYT [WASHINGTON] Federal anti trust officials on Thursday delayed their expected ruling on the merger of America Online Inc (AOL) and Time Warner Inc for up to three weeks. The postponement suggests the Federal Trade Commission is demanding big concessions from the would-be Internet and
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      • Article
        Lock icon Nomura Securities doubles H1 profit
        69 13 Bloomberg [TOKYO] Nomura Securities Co, which arranged Japan's fifth-largest initial share sale, said first-half profit more than doubled as it helped companies sell shares they owned in other firms. Japan's largest brokerage said group net income rose 122 per cent to 117.9 billion yen (Ssl
        Bloomberg  -  69 words
      • Article
        Lock icon 2 bidders dear UK lottery licence hurdle
        62 13 Reuters [LONDON] Britain's national lottery regulator said yesterday both revised bids for the next licence to run the hugely popular game had cleared an initial hurdle and would go forward to full evaluation. Incumbent operator Camelot Group pic is up against The People's
        Reuters  -  62 words
      • Article
        Lock icon KPMG Inc likely to delay IPO: report
        64 13 Reuters [LONDON] KPMG Consulting Inc is unlikely to proceed with an initial public offering of part of its consultancy arm until next year, the Financial Times reported yesterday. It said the move reflected worries about market volatility, depressed consultancy stocks and electoral uncertainty
        Reuters  -  64 words
      • Article
        Lock icon Nymex to shed membership structure
        59 13 Bloomberg [NEW YORK] The New York Mercantile Exchange (Nymex) plans to shed its membership structure next week, as it converts itself to a for-profit company to better compete with other exchanges. The conversion, which was approved by its members in June, is expected to take
        Bloomberg  -  59 words
    • Article
      Lock icon Mitsubishi Heavy to help make Boeing's superjumbo
      287 13 TOKYO Bloomberg MITSUBISHI Heavy Industries Ltd, Asia's largest aerospace company, will team up with Boeing Co to help build a new superjumbo jet, snubbing approaches by Airbus Industrie to work on a rival jetliner. Mitsubishi Heavy will join Boeing because its version "is
      Bloomberg  -  287 words
    • Article
      Lock icon Telenor, Hutchison quit Swiss 3G auction
      369 13 GENEVA This leaves five potential candidates for the four licences AFP THREE days before the third generation mobile licence auction in Switzerland, the number of telecommunications operators is dwindling after defections on Thursday and yesterday, and more changes could come over the weekend. Telenor
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    • Article, Illustration
      Lock icon Revisiting the White House
      77 13 WASHINGTON] (Sittingfrom left tg right) Barbara Bush with husband and former president George Bush (partially obscured), Lady Byrd Johnson, US President Bill Clinton with daughter Chelsea standing behind, First Lady Hillary Rodham Clinton, former president Gerald Ford and wife Betty Ford, former president Jimmy Carter and
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    • Article, Illustration
      Lock icon Coming together in prayer
      51 13 0 m v POPE John Paul II (right) standing near the leader of Armenia's Christians, Cathohcos Karekin 11, in St Peter's church yesterday while celebrating a prayer together in Armenian language- They did not celebrate a mass because thereis not afull communion between the two Churches.
      AFP  -  51 words
    • Article
      Lock icon WTO faults hefty US dumping duties on Korea steel
      214 13  -  Froml D Ravi Kanth in Geneva THE World Trade Organization (WTO) has found that the United States acted unjustifiably in slapping hefty duties on Korean stainless steel imports for dumping. In an interim verdict on Thursday, a WTO panel faulted the
      214 words
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      Lock icon Madonna buys £7m house in London's Notting Hill: reports
      315 13 LONDON AFP POP star Madonna has bought a £7 million (5517.5 million) house in London and decided to settle here with her English boyfriend, British press reports said Thursday. The 42-year-old pop diva bought the property in the fashionable Notting Hill
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  • MOTORING
    • Article, Illustration
      Lock icon 10 things I love about you
      689 14  -  Cars, cans, cars. All shapes and all sizes. Auto buffs should be more than happy with the dazzling array of motor machines on show at Suntec Cttj this week. Just grab our top 10 don't-miss list and go, says CHRISTOPHER TAH CHRISTOPHER TAN SINGAPORE'S
      PHOTOS: ARTHUR LEE  -  689 words
    • Article, Illustration
      Lock icon hippy hippy shake
      979 15  -  Shake it to the left, shake it to the right, these two small cars will keep you shakin' all night, writes CHRISTOPHER TAN CHRISTOPHER TAN STUDENTS of the subliminal will say folks who drive big cars do so to compensate for areas in their lives or beings
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      Lock icon Rebates next year on 'Earth-friendly' cars
      421 15  -  Concession to encourage use of 'green' cars and also to offset the higher costs of these vehicles Byi Christopher Tan SINGAPORE, which boasts the world's most aggressive vehicle-tax regime, will grant substantial rebates to Earth-friendly cars.' From early next year, environmentally gentler cars starting
      421 words
    • Article
      Lock icon Prius first to get green tax break
      161 15 TOYOTA'S Prius is likely to be the first car to enjoy Singapore's "green" vehicle rebate. The hybrid, which runs on petrol and electricity, is currently sold in Japan and the US and is being introduced to European markets. Assuming it has an open
      161 words
    • Wheel matters
      • Article
        Lock icon Getting a grip on the Mitsubishi Galant
        299 15  -  Joseph Kang, Pasir Ris I HAVE booked a new Mitsubishi Galant 2.0 GDi and will be taking delivery around the middle of this month. My questions are: 1) How do I ensure the engine is properly run in? 2) What are the things
        299 words
      • Article
        Lock icon Merc: Reliable, easily maintained
        110 15  -  Yeo Hang Boon, Hougang I REFER to the article "Is Merc a 'Beng' brand?" (BT, Nov 4). Buy a Merc, even if you intend to drive it after 10 years. It is a good car to own and drive. It is reliable and parts support is
        110 words
      • Article, Illustration
        Lock icon All auto cars, not just Volvo
        128 15  -  Chew Teik Boon ABOUT your reply on automatic cars on Nov 4, is this applicable only to Volvos or auto transmission cars in general? WE received a few more queries like this one. Yes, all automatics should be left at D (Drive) when stopping
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      65 15 wheel matters welcomes feedback, suggestions and other forms of correspondence from readers. It is also an advice column, with technical queries being answered by experts at the automobile association of Singapore and policy questions tackled by the land transport authority. You can fax us on 733-5271 or email us at
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  • FINANCE & commodities
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      Lock icon Tech sector drags down futures
      284 16  -  S6Z Derivatives Tr&dln&Report ST Index/MSClS'pore Index Lau Chee Keong Refco Singapore THE Singapore stock market continued to slide for the third day in a row yesterday. Investors dumped technology shares after an Internet company in the US decided to reduce its staff strength. The Straits
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      Lock icon Futures slide on profit-taking
      232 16  -  MSG! Taiwan Index Lau Chee Keong Refco Singapore THE MSCI Taiwan Index yesterday closed lower following the weakness in US markets overnight. With uncertainties surrounding the local political scene and the US election result, investors decided to take profit and adopt a wait-and-see attitude. The MSCI
      232 words
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      Lock icon World oil prices hover above US$30
      165 16 ENERGY REPORT Reuters [LONDON] Oil prices hovered effortlessly above US$3O yesterday as the US braced for a cold snap with only a thin buffer of spare fuel protecting against a supply shock. Market bulls were confident the Organisation of Petroleum Exporting Countries (Opec) would
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      Lock icon CURRENCY REPORT
      344 16 Reuters Londoa THE euro fell against the dollar yesterday after unofficial projections put Republican George W Bush ahead in the recount in the state of Florida, which holds the key to who will be the next US president A Bush victory is seen as positive for the dollar
      Reuters  -  344 words
    • Article, Illustration
      Lock icon Untitled
      630 16 IMTERBAEE CROSS RATES Nov to kj C$ 8» fart nr WKS 1m Wm M Hm tj *mi 9r WT% *Mtm* 95$ Australu 0.816 4388 0.606 3.988 1*9 4124 24.708 ***** 0.569 5.999 2.009 *****9.*****579 0.919 4.054 0.926 >6.952 23.003 0.368 0.529 Cm* 1225 5275 0.745 4885 1456 5551 30.267 59.798
      630 words
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      Lock icon Untitled
      1358 16 SICOM FUTURES Nov 10 ..Mil S78ma*«*» <*» »*S <g" W®IK« ,J*TS£L IK I ii^^TTT^—r Dec 00 109.75 Jan 01 H0.75 Feb 01 112.25 50 MirOI 10.75 3» RSS 3 CONTRACT (US CMts/kg) Mutt. WNll U» l»tt (HID Etawt Dec 00 «30 6175 62.75 240 ttS Jan 01 634)0 6150 6150
      1,358 words
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  • STOCKS east asia
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      Lock icon Hang Seng Index falls due to lack of fresh leads
      2633 17 HONGKONG AFP DHangSeag -115.41 HONGKONG share prices fell 0.7 per cent yesterday in lacklustre trade with investors sidelined over continued US political uncertainty, dealers said. The key Hang Seng Index lost 115.41 points to close at 15,389.39, off a high
      AFP  -  2,633 words
    • Article
      Lock icon Nikkei slides following slump on Wall St
      1932 17 TOKYO AFP DlfikkafflS -7U SHARE prices in Tokyo fell 0.5 per cent yesterday as investors remained reluctant to take fresh positions while uncertainty remained over the outcome of the US presidential election, brokers said. The Tokyo Stock Exchange's Nikkei--225 index lost 71.51 points
      AFP  -  1,932 words
    • Article, Illustration
      Lock icon CHINA
      1000 17 Reuters PI Shenzhen B Index +0.48 CHINA'S hard currency B shares closed a touch higher yesterday, largely shadowing domestic A shares throughout the day in the absence of market moving news. The Shanghai B share index crawled up 0.49 per cent to 75.11 as turnover waned to a moderate
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,000 words
    • Article
      Lock icon TAIPEI
      346 17 AFP kJ VP Index -o*Bl TAIWANESE share prices closed marginally lower yesterday amid mixed sentiment, dealers said. The Taiwan Stock Exchange Weighted Price Index slipped 0.81 of a point, or 0.01 per cent, to 6,088.74, on turnover of NT5111.62 billion. Advancers led decliners 364 to 177, with 76 issues
      AFP  -  346 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon KL stocks close lower in thin trading
      335 18 AFP CI Composite Index -0.70 MALAYSIAN shares closed marginally lower yesterday in thin trading on uncertainty over the delayed outcome of the US presidential election, dealers said. The Kuala Lumpur Stock Exchange Composite Index feU 0.7 points to finish at 752.44. The Second
      AFP  -  335 words
    • Article
      Lock icon Untitled
      7795 18 INDUSTRIALS I Cnmht pnMs 2000 Last Vol Day Nat Car HM> Law Company Sala 'OOP Law P/t $wO 420 310 A)iiKHTK>to 340 18.6 137£ 158 46 Angkasa 49 -1 8 52 49 721 670 290 ApoUo Food Hlg 410 -8 1 410 410 8.9 164.0 3825 2700 BAT50C 3700 -50
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  • SGX clob & regional stocks
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      Lock icon Untitled
      1810 19 BONDS WARRANTS Nov 10 wi Wnt% fnml Upiry Lai m Bay lUrti f* ■0 La> M> «ar r*M) Ia« Bayar Mfr w W <m m 51.5 3.5 s Acma W*****4 5 0.5 45 73 43 43 6 6 41.0 1 300 2|9 1730 8 38 2.5 AI(T#ch W*****7 -3 >5
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      Lock icon JAKARTA
      707 19 AFP PCompowte litei *&5 INDONESIAN share prices closed 1.3 per cent higher yesterday, recovering from morning losses on a late rise in Telkom following the release of stronger than expected nine-month results, dealers said. The Composite Index closed up 5.5 points at 426.97 points, off a low of 420.33
      AFP  -  707 words
    • Article, Illustration
      Lock icon BANGKOK
      733 19 AFP D SET Index -03* THE Thai stock market yesterday closed down 0.1 per cent in rangebound trading, as investors stayed on the sidelines amid the US presidential election, dealers said. The Stock Exchange of Thailand (SET) Composite Index lost 0.36 points to finish at 293.23, while the SET
      AFP  -  733 words
    • Article
      Lock icon MANILA
      251 19 AFP M Composite Index +OJ6 PHILIPPINE stock prices ended barely higher yesterday with the benchmark Composite Index up 0.16 of a point, or 0.01 per cent, at 1,488.95. Turnover was 369.8 million shares worth 857.7 million pesos. Advancers outpaced decliners 39 to 35, with 39 unchanged. AFP KM 10
      AFP  -  251 words
    • Article
      Lock icon WELLINGTON
      257 19 AFP QMZSE-40 432 NEW Zealand stocks dipped slightly yesterday as the market awaited the US presidential election outcome. The NZSE-40 capital index lost 0.32 points to close at 1,988.34 on light turnover of NZ$9l.3 million. Telecom fell 12 NZ cents to NZss.Bs.— AFP tm» m *f- CM* Advantage HDS
      AFP  -  257 words
    • Article
      Lock icon SYDNEY
      521 19 AFP PAnOrflMriM -2110 AUSTRALIAN share prices fell by 0.9 per cent yesterday, dragged lower by the drubbing investors dealt to Rupert Murdoch's News Corporation, brokers said. The All Ordinaries index lost 29.1 points to end the week at 3,250.8 while the SP/ASX2OO sank 32.6 points to close at 3,300.9.
      AFP  -  521 words
    • Article
      Lock icon SEOUL
      280 19 AFP Compost® Index +452 SOUTH Korean shares rose 0.8 per cent yesterday with the index up 4.52 at 565.18. Volume stood at 320 million worth 1.6 trillion won. AFP mm A nam Semi 5600 -70 Brain Tech- 615 -5 Central Bank 170 unch Chell Comm ***** -1500 Dm Gu
      AFP  -  280 words
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      66 19 I (M«~ Lin. u mr6 l IPO. Shares. Bonds. Stocks. Annual Reports. I I Whatever you're offering, we help you reach out I I I to 86.7% of all adults in Singapore daily. i jaii i'i' I I ;Ssfe*S»3ss~~~ I I *a-vr~" Sdbnm So** Twill j *tfjenßr2SS=3=se*s» I -T »a«.*jj
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  • Article
    Lock icon STOCKS sgx
    7524 20 SGZ MAlfifaOftM) TYansacticm date:Nov 10 Or Or M Wt 52* Wk Last Vai Day Last Owto Dtv Dtv VM Nat Cm A*g MN> Law Ciwpwy «aH COOP) Law Bfar Sa8ar Pir W Prtca •feJ 75 m c Ac ma 50c #5 unch 131 85 81.5 84 85 5
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  • Page 21 Advertisements
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      220 21 Where to wine, dine and entertain^/""? Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: £25.80 (Adult), 40% discount (Child) Dinner. £26.80 (Adult), 40% discount (Child) For reservations, please call 290 8005/299 9011. j Prices subject to service charge &gort. taxes
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      10 21 I r gn 1 II HOTEL QRAND CCNTRAL UMfflß) 22Qn«wwlWai¥PiWM»Rn«J.MWB^ow2aWt7
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      Lock icon Page 21 Advertisements Column 3
      28 21 depend on predictions. HI Advertise in Wine, Dine Entertain of The Business Times and reach out B|p 17,000 readers daily. Contact Patrick Ang« 740 1284 or Amy Choo
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      Lock icon Page 21 Advertisements Column 4
      64 21 Food For Thok;iit an Ihumi; at ih lu v/ I I \l I I lIM l!l I 111 \l II J < <</// \< mm! 5J5.00 #v Si'lt i t a st.u in. tin n main from out ala-iarh nunu. I-or an additional vviMi sa%or an inwislihli' dissert as \ull.
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      842 21 i ne Business i imes, Saturday, roovemDer i i zuuu ii -m i wrra^^fk,h ■> I cy: Fallen Angel. Pensiunan. 2.00 Headline Graphics. ii m nip 12.00 MN Beyond Belief. 1130 Tirai: Wanita Dan Pe- 2.02 To 6.00 am: Real-time 8.00 AM Kids Central: The 1.00 AM Cinema, Cinema, muda
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    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 2
      281 21 CRYPTIC CROSSWORD ■■■T p I p J E j IS I wHm i 1 sb ACROSS household? (13) 1 Aim to be unbiased (9) 9 Past their best, smuggling team 8 Unfounded hope for jester's sat- get draw (9) vaHon? (5,8) 10 In a suit, one's face is a picture
      281 words
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  • New Asia Biz Woman
    • Article, Illustration
      Lock icon At ease with change
      1150 22  -  For artist Kumari Nahappan, picking up art at age 37 after a successful career as interior designer is part of the natural progression in life. PAKVATHI KAYAK finds out more from a person who believes that nothing stays the same forever PARVATHI NAYAR ITS sheer chance
      PHOTO BY SIEW YAW HOONG  -  1,150 words
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      68 22 AsiaOneMarkets I presents I CITIBANK STOCK CHALLENGE Win $20,000 AsiaOneMarkets and Citibank bring you a real time, online investment I game in which men pit their skills against women. We'll give you a million I virtual dollars to play for the grand prize of $20,000 plus an additional I $5,000*
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  • The Arts
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      Lock icon Art musings
      1115 23  -  When The Business Times launched its Arts section one year ago, we asked several pivotal people behind Singapore's arts scene to map out their millennial visions for the arts. To commemorate our first anniversary, BT again approached the four Liu Thai-Ker, chairman, National Arts Council; Benson Puah, chief
      1,115 words
    • Article, Illustration
      Lock icon Naked TRUTHS
      1516 24  -  Sex sells but that's not how the people behind two upcoming productions ChameleondJuA Asian Boys Vol 1 see it Rather, they want the plays to push artistic boundaries and challenge the audiences. AARON LYE finds out AARON LYE THE local theatre scene is certainly no stranger to controversy—
      FILE PHOTOS  -  1,516 words
    • Article, Illustration
      Lock icon Tales of bronze
      1278 24  -  Each of the 97 ancient Chinese pieces from the Hardys' collection, now on display at the Asian Civilisation Museum, has a story to telL Whafs more, they are seen as important for their artistic skills, symbolism and as examples of the written script PARVATHIMAYAR takes a look
      PHOTO BY SIEW YAW HOONG  -  1,278 words
    • Article, Illustration
      Lock icon Making magic
      1272 25  -  The star-crossed tale of Romeo and Juliet will come alive in December when Singapore Dance Theatre stages Goh Choo San's version here which also marks its Singapore debut It promises to blend dance, music and design into a stunning display. BBB t UI-HOON gets behind the scenes CHEAH
      1,272 words
    • Article, Illustration
      Lock icon Chen Wen Hsi in a new light
      696 26  -  The discovery of more than 20 paintings by the late Chen Wen Hsi has unearthed more questions than answers about the artist Still, they provide valuable insights through comparison with his earlier works. PARVATHINATAR gets an idea of what the public will see
      696 words
    • Article
      Lock icon The conservation
      405 26 LOH Heng Noi, director of Heritage Conservation Centre, Ng-Lim Chong Quek, a senior conservator (paintings), and myself troop up to Mrs Ng-Lim's conservation lab where she has spent 252 hours so far on the Chen Wen Hsi conservation project, which started mid-99. Mrs Ng-Lim describes the paintings as
      405 words
    • Article, Illustration
      Lock icon Chagall at first sight
      455 26  -  By Cheah Ui-Hoon ARTISTS, lovers, animals and villages infused in bright blues and reds these motifs which mark the unique oils of celebrated 20th century painter Marc Chagall can now be re-visited in his "virgin" paintings. "Virgin" because the 21 originals have never been exhibited before,
      455 words
    • Article
      Lock icon THE PROGRAMME
      723 26  -  Compiled by i Aaron Lye MUSIC 50th Anniversary Commemoration ofDlnu Upattl A fund-raising event in aid of the Nanyang Academy of Fine Arts building fluid. South Korean pianist Jinho Kim will perform the exact programme of the late Romanian pianist Dinu LipattL •Nov 17,8pm, DBS Auditorium. TicketsatfSO, $50,
      723 words
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      Lock icon SPOTLIGHT
      95 26  -  Byk Aaron Lye Tfte buzz: Ross Bleckner, an exhibition of works by the painter of the same name. V by spreading the paint", his current works marge his previous two style* the and Watdl Mil for Protein 40*. an ff*ta«rtin P oil-on-linen painting tihal possesses a v«y or ganic,
      95 words
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      857 25 |P Doable your investment H= Buy Forbes and 1H The Business Times new and emerging market trends or exploring Slnpnniv'!! leading macro-economic issues. The olo y* Business Times has a track »HHH bosiliess daDy. The of providing timely Forbee Global: The tool for world's most valuable business intelligence and entrepreneurial
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