The Business Times, 18 November 2000
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2000-11-18
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The Business Times
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Title Section12 2000-11-18 1 5,,;W MITA (P) 035/12/1999 85* SINGAPORE Internet: http://business-times.asial.com.sg/ SATURDAY. NOVEMBER 18, 200012 words
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Article72 2000-11-18 1 □an ÜBM (-28.80) DBT-SEI IMJBS(-9.87) > 0 ST INDEX ruTUKES mm ucLoo (-32.00) □m nrmus 2SL7O (-6.40) STOCK MABKET INDICES Friday Change KLSEOOMP mm NIKKEI 225 14J4UI 4Ut HANG SENG IfclM*—-117 .50 SETLNDEX tHJl *4.7t JAKARTA COM P —***** *4.1« MANILA OOMP 1,470.52 +108 TAIPHWP! 6#i*—182.77 SEOUL COMP72 words
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Article67 2000-11-18 1 FOREX SITES us$ a US$ 1-760 £(l£$/SS per —1.424 1491 MM 1.498 DM .1184 L*» YEN— MM Rll_ .UN 1171 HKS 4.4S7 BAHT 4411 RUP1AH 9,382 M61 PUKE BATES SINGAPORE* L80 KUALA LUMPUR 7.67 JAKARTA 59.00 BANGKOK 160 MANILA 11.00 HONGKONG 8.50 TAIPEI -7.84 SYDNEY 8.8® TOKYO iM SEOUL67 words
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Article, Illustration618 2000-11-18 1 Siow Li Sen - i Dutch bank to reorganise itself along business lines and scrap its regional offices Byl Siow Li Sen [SINGAPORE] ABN Amro Holding will close all its regional offices including the one in Singapore on Jan 1 as it moves to reposition itself618 words
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Article, Illustration657 2000-11-18 1 David Boey - By] David Boey [SINGAPORE] Singapore Technologies Engineering shares dived 26 cents, or 9.4 per cent —the counter's biggest one-day fall to $2.52 yesterday after the defence technology group failed to win a contract to supply the US army with657 words
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815 2000-11-18 1 Eugene Low - Govt raises fall-year forecast to 9.5% but growth likely to ease to 5-7% next year By Eugene Low [SINGAPORE] Powered by buoyant external demand, Singapore's economy beat estimates to post a robust 10.4 per cent growth in the third quarter. With growth for the815 words
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Page 1 Advertisements
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Advertisement112 2000-11-18 1 IHtUDE Top Stories SGX shares at 20% premium in grey market. Pg 3 Dotcom ill Mdead? IT*] Silicon L Valley CEO offers K9H a contrarian view: Put money into the Internet now. Next Page Media mogul Jimmy Lai mulling over plans to charge for online publications. Next Page US elections112 words
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Advertisement35 2000-11-18 1 For related stones recently published in BT, go \o:httptfbuelne9+4kneßMlal*em.ag Market outlook How will the SGX trade next week? Our market correspondent, R Sivanithy, gives his views in BT Online —on Sunday. Goto: httptf/busine**-times.a9ia 1 .com.mg35 words
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Advertisement22 2000-11-18 1 ST Engineering: lost a battle but winning the war, Pg 3 Hot Stock: Oversold, but ST Engg could claw back, Pg 622 words
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Advertisement44 2000-11-18 1 ppH II Msi 'jhR i> Breguet. La passion laisse des traces. Lady's "Marine" chronograph in 18-carat white gold Self-winding movement with date Osyjl/O/C'} calendar and subdial for the seconds. 30-minute and 12-hour totalizers Silvered gold V— dial, hand-engraved on a rose-engine Water-resistant. Depuis 177544 words
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Advertisement21 2000-11-18 1 More reports Surging ships, floundering sampans, Pg 5 Mnnnffti<taiHn» leads with 15.5% to grow, Pg 5 MrvtMi rebound, unevenly, Pg 521 words
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NEXT page
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Article, Illustration916 2000-11-18 2 Jennifer Lien - I-it exclusive Chairman believes there's still a lot of upside to the Internet economy. Jennifer Lien reports from Silicon Valley Jennifer Lien AT a time when confidence in Internet-re-lated businesses is at an all-time low, one Silicon Valley CEO is offering a contrarian view: Put916 words
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320 2000-11-18 2 These firms take top four spots in Deloitte's list Reuters [NEW YORK] While technology firms have taken a beating in the stock market recently, Internet-related companies still topped the list of fastest growing companies, consulting firm Deloitte Touche said on Thursday. Deloitte saidReuters - 320 words
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Article, Illustration631 2000-11-18 2 Audrey Tan - Boss of Next Media may want to charge for online access From. Audrey Tan in Hongkong HONGKONG media mogul Jimmy Lai is mulling over plans to charge for access to his online news and magazine publications in a bid to turn around his631 words
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ON THE grapevine
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Article34 2000-11-18 2 DOES Tuesday, Nov 21 have any special fens shui/astrological significance? No less than eleven IT companies are having events on that day, including Hewlett-Packard, Compaq, Intel, Fujitsu and Star Hub.34 words
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89 2000-11-18 2 BANKS have been trying different ways to make their online services 100 per cent secure but many of their customers do not buy the methods they employ. For instance, it is said that US banks tried using thumbprint and eye identification but gave up89 words
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Article60 2000-11-18 2 EARLIER this week, BT ran an online poll after Asian markets tumbled on Monday. The question was: This looks like it'll be a bad week for regional markets. The choices made were: Yes, as long as the US election is undecided: 47% No, the selldown was60 words
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SINGAPORE companies
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599 2000-11-18 3 R Sivanithy - Brokers say interest reasonable bnt voice concern over dividend policy, growth ontlook By: R Sivanithy SINGAPORE Exchange shares are selling for around $1.30 in the grey market about 20 per cent more than the initial public offer price of $1.10. Most brokers599 words
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94 2000-11-18 3 DBS Land will be replaced by Capita Land as an index stock in the Straits Times Index (STI) at the start of trading on Tuesday. This was announced yesterday by Singapore Press Holdings, which publishes the STI, the main market barometer of94 words
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Article, Illustration420 2000-11-18 3 David Boey - By] David Boey SINGAPORE Technologies Engineering may have just lost a US$4 billion (Ss7 billion) tender to build armoured vehicles for the US Army, but it has won admiration from defence analysts and stock watchers for fighting to the finish. It's420 words
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586 2000-11-18 3 paul thompson - HocKimmkwi paul thompson ADOPTING International Accounting Standards (lAS) could save industry billions of dollars a year, the president of the Institute of Chartered Accountants in England and Wales, Graham Ward, told students at Harvard Business School recently. If this is true, Singapore stands to586 words
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286 2000-11-18 3 Bloomberg [TAIPEI] Taiwan Semiconductor Manufacturing Co just lost its immunity to analyst downgrades of the chip industry, despite its focus on mobile phone makers rather than personal computer clients. And Singapore's Chartered Semiconductor Corp also got the chop over its ratings. Merrill Lynch analyst DanBloomberg - 286 words
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Article474 2000-11-18 3 Serena Ng - European indices focus of latest rebalancing By Serena Ng CONTRARY to market expectations, Morgan Stanley Capital International did not announce any changes in the constituent stocks of its Singapore Free Index yesterday. The changes, which constitute its quarterly rebalancing exercise, were instead focused on its European474 words
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318 2000-11-18 4 Ven Sreenivasan - NBL shares surge in market on takeover rnmours By' Ven Sreenivasan THOUGH it is reviewing its interests in its subsidiaries, Nat Steel Ltd said it was currently "not in active discussion with any party nor has it received any indications of interest318 words
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COMPANYBriefs
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Article70 2000-11-18 4 GOODWOOD Park Hotel posted a 7 per cent drop in full-year net profit to $35.3 million, as the previous year's profit was boosted by a $20.5 million write-back. Turnover slipped 0.6 per cent to $201.8 million, while investment income fell 4.8 per cent to70 words
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Article59 2000-11-18 4 CITIBANK and DBS Bank yesterday announced senior appointments. Soh Hang Kwang, 41, formerly from ABN Amro Bank, has Joined Citibank as managing director for corporate development. Meanwhile, DBS has appointed a new MD for its credit card division, Sylvia de la Cruz. She was previously59 words
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65 2000-11-18 4 AFX-Asia HONG Lai Huat Group said wholly-owned unit Hong Lai Huat Construction Pte Ltd has won a contract worth $37.2 million to redevelop the staff housing area at the Changi prison complex. The deal brings the company's overall projects on hand to $193AFX-Asia - 65 words
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Article, Illustration256 2000-11-18 4 Andrea Tan - By Andrea Tan BOLSTERED by higher sales from its supermarket operations, Japanese retailer Isetan (Singapore) yesterday posted a 42 per cent jump in its interim net profit to $780,000. x Turnover for the six months ended September rose 15.7 per cent to $124.4 million, buoyedFILE PHOTO - 256 words
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443 2000-11-18 4 David Boey - By 1 David Boey SINGATRUST'S wholly-owned wafer fab unit Micro Fab Technology has had to turn away customers because it did not have the capacity to meet their orders. Speaking yesterday at the opening of MicroFab's first wafer bumping facility the only443 words
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324 2000-11-18 4 Ven Sreenivasan - Ven Sreenivasan JAKARTA-LISTED financial services company PT Siwani Trimitra is breathing new life into the three pipeline projects started by Van der Horst's subsidiaries. VDH's parent L&M Group Investments yesterday confirmed it had received an offer from Siwani to take over the stalled324 words
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Article3806 2000-11-18 4 r,""~*L» 1T*\r &5S, S3 i a£> 85. fS c ~t-r ST—S-I S-I SiW t®£ SS S3, Wff «w as?Its w gs Ssa-SirBi si SS-sr-~is; |l a Sirs'» asis A<*o* Sap2* P 1317 ***** 0.9* 0.71 |2S SS 1*711 031 St Amdra fap£ 1M4 029 0.28 o"9CT3,806 words
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Advertisement48 2000-11-18 3 A m*• ±*MVZ «r r. i v FRANCE A Celebration of Art and Fantasy for the New Millennium. r *F*SKy«V ,-v o £~>2ool >Vt^ Daum Boutique: Paragon Ground I'loor #01-16. Tel: 737 1454 Daum Corners: Robinsons Cenirepoint, 4th Level; I akasliimaya Ngee Ann Lity, Basement 1 Velvsite: www.Jaum-rrance.com48 words
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ECONOMIC survey
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Article, Illustration803 2000-11-18 5 vikram khanna - :j i comment ECONOMICS While the economy has recovered strongly, there remains a lot of companies which employ a lot of people that arent quite feeling it vikram khanna IT'S going to be another banner year for the economy, but you may not know it from803 words
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Article, Illustration517 2000-11-18 5 Chuang Peck Ming - Electronics continues to be main engine of growth with ontpnt np 35.7%; wearing apparel, leather and leather products perform surprisingly well By Chuang Peck Ming THE manufacturing sector put up the best showing in the third quarter, expanding 15.5 per cent, compared with 13.3NOEL ROSALES/ST - 517 words
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355 2000-11-18 5 Ling Su Ann - Offshore lending, forex trading and the stock market remain weak By: Ling Su Ann BUOYED by stronger bank earnings and continued growth in the insurance and investment advisory segments, Singapore's financial services sector expanded 4.4 per cent in the third quarter. But the rebound from a355 words
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INbrief
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Article46 2000-11-18 5 THE unit business cost (ÜBC) index for manufacturing rose 1.7 per cent, the first in eight quarters. But the manufacturing unit labour cost (ULC) index fell 3.8 per cent. Overall, the ULC index crept up 2.5 per cent in 03.46 words
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Article61 2000-11-18 5 THE jobless rate fell to 2.5 per cent in September from 3.5 per cent in June—the lowest in two years. Layoffs also declined to 1,600, from 1,875 in the second quarter. Employment rose by about 26,100 to bring total job gain for the first nine61 words
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Article33 2000-11-18 5 PRODUCTIVITY growth edged up to 5.6 per cent in the third quarter, from 52 per cent. The manufacturing sector continued to lead with a gain of 12 per cent.33 words
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Article40 2000-11-18 5 INFLOW of investment commitments in the manufacturing sector maintained the momentum in the second quarter, with $2.4 billion pledged. The bulk were for the electronics and chemicals industries. The US continued to be the biggest investor.40 words
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Article34 2000-11-18 5 THE consumer price index (CPI) rose 1.5 per cent, after a 0.8 per cent increase in the second quarter. Except for food and clothing, the cost of most other items rose.34 words
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Article36 2000-11-18 5 THE construction sector is still in negative growth territory, though it continued to show signs of improvement. The sector contracted 1.3 per cent, compared with a 1.7 per cent decline previously.36 words
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Article430 2000-11-18 5 Ling Su Ann - By] Ling Su Ann SINGAPORE'S wholesale and retail sector continues to grow. It gained 15.2 per cent in the third quarter, buoyed by strong domestic and external demand. But not all sectors fared well, Ministry of Trade and Industry (MTI) officials said yesterday. Entrepot trade continued430 words
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SINGAPORE markets
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Article, Illustration189 2000-11-18 6 R Sivanithy - WARRANT WATCH By] R Sivanithy FOUR years ago, Jurong Engineering (JEL) shares sold for around $9 and the counter was considered a "must-hold" in institutional portfolios. Today, the shares cost just $1.38. And the company is hardly ever mentioned as being among189 words
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Article525 2000-11-18 6 Stocks Volume STEngg 10c 57,035,000 NatStee<50c 21,056,000 Chart Semiconductor 26c 19,195,000 NatBroad 25c 10,365,000 GES Intl Lid 20c 7,779,000 PCI 25c 7,101,000 ST Assembly 25c 7,025,000 SingTel 15c 6,221,000 PacificCenturylOc 6,179,000 NOL 5,233.000 Stocks STEngg 10c 140,776,855 Chart Semiconductor 26c 135,255,763 NatSteel50c 59,568,560 DBSGrp 32,799,235 NatBroad 25c 30,832,040 ST Assembly525 words
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Article, Illustration561 2000-11-18 6 r. sivanithy - :ji comment STOCKS r.sivanithy ALL the speculation that helped drive the Straits Times Index up on Thursday disappeared yesterday, which meant a weak session throughout. And all the more so since Nasdaq dropped sharply on Thursday and ST Engineering561 words
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Article, Illustration225 2000-11-18 6 Ven Sreenivasan - HOT STOCK By Ven Sreenivasan ST ENGINEERING fell sharply yesterday after it flailed to clinch a $4 billion US Army contract. The stock plunged 9 per cent, or 26 cents, to close at $2.52 on whopping volume of 57 million, making it the225 words
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Article124 2000-11-18 6 -f— ♦WARRANTS which were m issued tocoijiiiictioii with a US$35 million bond issue by GP Batteries International in October 1995 expired on Nov 15. The warrants were delisted jr. from the SGX on Nov 16. ♦BERGER International has appointed Erie Lim Huen Kiat regional general manager of Berger124 words
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408 2000-11-18 6 AFP [TOKYO] The euro rose against the US dollar in Tokyo yesterday with investors wary of renewed intervention by the European Central Bank (ECB) to support the currency, dealers said. The European single unit traded at U550.8557-60 around 0800 GMT, upAFP - 408 words
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Advertisement254 2000-11-18 6 ODRB Light Industrial Lot Industrial Land Bandar Indera Mak Mandin, Butterworth v Mahkota Kuantan, Pahang PHASE 3B I 28 Units Semi-Detached I —l H W W.SSK Selling Price Minimum RM438,000.00 Maximum RM520,000.00 Land Area Minimum 4MO i sq. ft. Within the HBW township Of Maximum 8,100 sq. ft. Bandar Indera254 words
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Advertisement49 2000-11-18 6 Grow Your CPF With eiBht Importer' A" applications TO: units .1 'eight must read the prospectus The vaiut ct *he units and tfie >ncomc- from them may fail as well -n rise >I< >1 ;s- SPECIAL INTERESTS The Straits Times Classified. Classifications 52-86. Buy h. sen h. fm k.49 words
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SINGAPORE news
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Article, Illustration400 2000-11-18 7 Chuang Peck Ming - Singapore thus seeks more FTAs with partners despite opponents' views Reports by Chuang Peck Ming REGIONALISM is a growing trend and Singapore's answer to it is bilateral free trade links. But not at the expense of overall free trade, theFILE PHOTOS - 400 words
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Article, Illustration179 2000-11-18 7 THE Chemical and Process Engineering Centre at the National University of Singapore will be repositioned as a Chemical Engineering Research Institute (CERI) on Jurong Island. The institute "will be one of the key pillars supporting the growth of the chemical industry"179 words
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280 2000-11-18 7 Marissa Chew - Amount is 64% higher than previous year's $160 m By] Marissa Chew THE government saved a record $263 million last year from civil servants who took part in staff suggestion schemes (SSS) and work improvement teams (Wits). Last year's savings were 64 per280 words
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Article280 2000-11-18 7 SINGAPORE firms are doing better than their Taiwan counterparts in China, going by the number that have reported making money on their mainland investments. Almost three-quarters 73 per cent of Singapore firms surveyed said they are in the black, compared with 58 per cent280 words
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876 2000-11-18 7 Alfred Joseph Jayaraj Singapore - MAILISET7W Alfred Joseph Jayaraj Singapore A SIGNIFICANT component of business costs relates to the cost of financial reporting. Good financial reporting is necessary to ensure that the financial environment remains transparent to both local and foreign investors. However, there are certain876 words
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177 2000-11-18 7 Khoo Hock Seng Singapore, via Internet - Khoo Hock Seng Singapore, via Internet I REFER to the article, "GIA task force to tackle rise in motor insurance claims" by Ven Sreenivasan (BT, Nov 16). The GIA task force should look into resolving the root of the problems and fixing them.177 words
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Advertisement68 2000-11-18 7 We welcome letters. E-mail us at btletter® sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear68 words
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e-NEWS
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Article, Illustration634 2000-11-18 8 MARINA DEL REY, California Out of 44 applications, only .biz, .info, .name, .pro, jrinsenm, .aero and .coop approved SOON there will be even more dots to remember, adding to the Internet's already mind-boggling array of addresses. The Internet's governing body on Thursday madeAP - 634 words
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483 2000-11-18 8 NEW YORK Analysts now wait to see if its business plan is profitable Reuters SHARES ofMP3.com Inc rose another 37 per cent on Thursday as investors continued to applaud the recent licensing deal between the Internet music company and Universal Music,Reuters - 483 words
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674 2000-11-18 8 Reuters [NEW YORK! The fortunes of The Street.com Inc, the online baby of Wall Street icon James Cramer, the hedge fund manager-cum-market commentator, took another turn for the worse on Thursday when it announced a dramatic restructuring. The troubled financial news website saidReuters - 674 words
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Article, Illustration468 2000-11-18 8 Only 9 domestic firms may assign Chinese-langnage Internet addresses [BEIJING] China has mandated that only a handful of domestic firms may assign Chinese-language Internet addresses, striking a blow to the registration service launched last week by US-based VeriSign Inc. The move pits VeriSignAFP - 468 words
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256 2000-11-18 8 LONDON Reuters EUROPEAN personal computer shipments are expected to grow by 14.6 per cent in 2001 to over 40 million units, according to market research firm Gartner Group, in a welcome sign for the languishing market. Gartner put down the expected riseReuters - 256 words
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Advertisement1522 2000-11-18 9 GOODWOOD PARK HOTEL LIMITED AND ITS SUBSIDIARIES (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT UNAUDITED RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2000 1. Unaudited Profit and Loss Accounts The Group The Company 2000 1999 Change 2000 1999 Change SSTOO SS'OOO SS'OOO SS'OOO Turnover 20" 8-0 203.067 0.6 67.870 64.0201,522 words
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Advertisement1060 2000-11-18 9 HOTEL MALAYSIA LIMITED AND ITS SUBSIDIARY (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT j B UNAUDITED RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2000 1. Unaudited Profit and Loss Accounts The Group TIWCOfTMnY 2000 1999 Changs 2000 1999 Change srooo srooo stooo srooo Turnover Dividend income 13.430 13.027 3.1 13.2111,060 words
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REGIONAL news
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Article, Illustration680 2000-11-18 10 KUALA LUMPUR Hutchison prefers control; European operators stiwg by rising costs at home Bloomberg TELEKOM Malaysia Bhd, South-east Asia's No 2 phone company by sales, may fail to convince Hongkong's Hutchison Whampoa Ltd or a European company to buy a stake inBloomberg; File photo - 680 words
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190 2000-11-18 10 KUALA LUMPUR Bloomberg PRIME Utilities said yesterday it withdrew a legal suit against its parent company Idris Hydraulic and nine individuals, without citing reasons. Prime, which used to operate the country's sewerage system, also said it won't file any new suitsBloomberg - 190 words
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Article, Illustration841 2000-11-18 10 karim raslan - WRITER'S JOURNAL The once noble Jewish cause is now debased karim raslan LAST month, a 12-year-old Arab boy was shot dead by Israeli soldiers as he huddled beside his father for cover from the crossfire. In itself the incident would have been unremarkable:841 words
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Article292 2000-11-18 10 JAKARTA Comment made before hearing on recapitalisation Reuters INDONESIAN President Abdurrahman Wahid said yesterday the country needed "honest and objective" people to lead its troubled central bank, Bank Indonesia, which is due to be recapitalised later this year. "We have to look for peopleReuters - 292 words
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162 2000-11-18 10 Reuters [JAKARTA] Indonesian President Abdurrahman Wahid said yesterday he would appraise officials involved in the bumbling search for former president Suharto's fugitive son. "We will evaluate (the search) tonight...evaluate all involved parties honestly and objectively to know whether the attempts have beenReuters - 162 words
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259 2000-11-18 10 Bloomberg [JAKARTA] The new head of Indonesia's bank rescue agency will play striker in a football match against a media corps more used to tackling him after press conferences than stripping him of a ball. Edwin Gerungan, a 52-year-old vegetarian yoga devotee,Bloomberg - 259 words
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264 2000-11-18 12 HONGKONG Bloomberg HONGKONG'S Mandatory Provident Fund, which comes into effect on Dec 1, will snowball into a business worth US$l billion (551.75 billion) a year in fees to financial institutions 10 years from now, Goldman Sachs Group Inc said. HSBC HoldingsBloomberg - 264 words
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Article, Illustration436 2000-11-18 12 HANOI He also urges Hanoi to loosen restrictions on dissenters and strengthen legal system Bloomberg PRESIDENT Bill Clinton said strong US-Vietnamese economic ties can help overcome "a painful, painful past", and suggested the communist government loosen restrictions on dissenters and strengthen its legalBloomberg; AP - 436 words
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121 2000-11-18 12 Reuters [HANOI] Vietnam Airlines signed a letter of intent with Boeing Co yesterday for the purchase of three 777-200 ER aircraft. The letter was signed by Boeing vice-president Ray Bracy and Nguyen Xuan Hien, general director of the state-run national flag carrier.Reuters - 121 words
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338 2000-11-18 12 BANGKOK AP A BILLIONAIRE Thai opposition leader testified yesterday before an anti-corruption panel in a case that is threatening to unravel his bid for the prime minister's post, which had appeared unassailable a few months ago. Thaksin Shinawatra, a telecommunications tycoon whose party is widelyAP - 338 words
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554 2000-11-18 12 MANILA Higher interest rates feared with external funding closed off dne to Estrada crisis Bloomberg, AFX-Asia THE Philippine budget deficit widened 15 per cent to 95.5 bUlion pesos (553.3 billion) at the end of October, increasing chances that interest ratesBloomberg,; AFX-Asia - 554 words
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Article, Illustration158 2000-11-18 12 AFP [HONGKONG] Macau casino tycoon Stanley Ho has spent HK$6O million (5113.5 million) on wedding celebrations for his only son, it was reported yesterday. The two-day event, dubbed the "wedding of the century" by local media, began on Thursday with a weddingAFP - 158 words
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345 2000-11-18 12 D Ravi Kanth - Asian countries say Yangon is making progress towards ending forced labour From D Ravi Kanth in Geneva ASIAN countries led by Japan and Malaysia yesterday severely criticised the International Labour Office's unprecedented decision to call for harsh economic measures against Myanmar345 words
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Advertisement704 2000-11-18 10 Tat Lee Finance I Keppel Tat Lee Finance Limited I (Incorporated in the Republic of Singapore) H H THE PROPOSED CAPITAL RESTRUCTURING EXERCISE OF KEPPEL TATLEE FINANCE LIMITED (THE I "COMPANY") COMPRISING:- A. THE PROPOSED ISSUE OF UP TO 183,775,402 BONUS SHARES OF PAR VALUE $0.50 EACH ON THE I704 words
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Advertisement62 2000-11-18 11 TO GET TO THE NEWS FAST Fresh Home News HPH(^ yS? f I Mr f? jr A Rich Blend of Prime and World News iV vtv .f a >. jPUr 138 > JF *VIbJ*TV f'-'. Jif > y 'iv j./ i.a, »jit, :Y1 >, 4 Jt^m &S*BBVr ,jv r; v62 words
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Advertisement28 2000-11-18 12 H sBsppuMBPRSI^H WIMP' fc v -i" F Success,:;: At the IHT we write for people who.make it happen §PFt*- i countries worldwide. Think IHT. The World's Daily Newspaper.28 words
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WORLD news
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Article, Illustration1085 2000-11-18 13 leon hadar - It ain't the end of the world or the US US PRESIDENCY The US is doing fine, thank you, even with the post-election crisis—from which it'll bounce back easily, like it has before leon hadar THE American and global media's coverage of the post-US presidential election crisis has acquired occasionally1,085 words
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Article, Illustration604 2000-11-18 13 TALLAHASSEE, Florida Way cleared for crucial final Florida vote tally today Reuters, AP, Bloomberg A FLORIDA judge yesterday rejected a court petition by Vice President A 1 Gore's Democratic camp to have hand-recounted votes included in the crucial US presidential tally for Florida, opening theReuters,; AP,; Bloomberg; AFP - 604 words
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406 2000-11-18 13 LONDON Financial regulator moiling proposals to liberate the distribution of mntnal funds Reuters INVESTMENT managers will come under increasing pressure to reduce the fees they charge retail investors if proposals by Britain's financial regulator to liberate the distribution of mutual fundsReuters - 406 words
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412 2000-11-18 13 TOKYO They hope to gain ground in Asian petrochem market Reuters TWO of Japan's top three chemicals makers, Sumitomo Chemical and Mitsui Chemicals, will merge into the largest such group in Asia in late 2003. While arming themselves against fierce global competitionReuters - 412 words
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198 2000-11-18 13 D Ravi Kanth in Geneva - Froml D Ravi Kanth in Geneva THE European Union yesterday sought to win World Trade Organisation approval for retaliatory trade measures worth US$4 billion (Ss6.B billion) against imports from the US in the controversial dispute over the US Foreign Sales Corporation (FSC)198 words
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Article, Illustration681 2000-11-18 14 A senior member of his own Liberal Democratic Party says he will join opposition to oust him AP, Bloomberg, Reuters [TOKYO] Prime Minister Yoshiro Mori returned home from a summit abroad yesterday to find himself embroiled in the deepest crisis hisAP,; Bloomberg,; Reuters; AP, REUTERS photos - 681 words
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352 2000-11-18 14 AUCKLAND They will pay USsl.72b and sell some acquired assets Reuters OIL giant Royal Dutch/Shell Group and US partner Apache Corp won regulatory approval yesterday for a US$l.72 billion bid for New Zealand's Fletcher Challenge Energy, cheering the country's financialReuters - 352 words
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345 2000-11-18 14 TOKYO HI loss of 4.7b yen expected to widen in H2 as enro tumbles Reuters POSTING an operating loss for the'past half year, midsized Japanese automaker Mazda Motor Corp yesterday said it expects the loss to widen in the second half but wouldReuters - 345 words
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Article488 2000-11-18 14 LAT-WP [WASHINGTON] The Coca-Cola Co agreed on Thursday to pay a record U*****.5 million (***** million) to settle a racial discrimination suit brought by black workers and agreed to make significant changes in the way it manages, promotes and treats its minority employees. The company admittedLAT-WP - 488 words
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Article233 2000-11-18 14 He calls it aa expressira ef solidarity with the Iraqis Reuters [BAGHDAD] A royal family member from the Gulf state of Qatar gave Iraq a Boeing 747 jumbo jet on Thursday, calling it an expression of solidarity with President Saddam Hussein and ordinary Iraqis,Reuters - 233 words
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155 2000-11-18 14 NEW YORK Reuters THE New York Mercantile Exchange said on Thursday that the world's largest physical commodity trading arena did not convert to a for-profit shareholder-owned corporation on Wednesday, as planned. "We did not demutualise yesterday. They did not finish filing the paper work," aReuters - 155 words
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Advertisement620 2000-11-18 13 HAIR PERFECTION PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap 50 that the Final Meeting of the members of the abovementioned Company will be held at Blk ID, Gillman Heights #03-36, Singapore *****1 on 6620 words
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MOTORING
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Article, Illustration1698 2000-11-18 15 CHYE KIT SOON - How sporty can a safe marque like Volvo be? CHYE KIT SOON goes to Stockholm to find out 'The five-cylinder engines are creamy and ultra-refined, from low revs all the way to the red line. And when extended, the fives emit a sporty muscular growl.' CHYE KIT SOON1,698 words
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BUMPER to BUMPER
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Article144 2000-11-18 15 SINGAPURA Building Society has launched a car loan which it says has "possibly the lowest" interest rate and "probably the lowest in the history of car-financing in Singapore". Its 2 per cent flat-rate for new cars above 1,899 cc (3.88 per cent effective rate over seven144 words
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Article, Illustration73 2000-11-18 15 MITSUBISHI will unveil a bold concept that's a cross between a sports car and an offroader at the "North American International Auto Show" in January. The unnamed car (see sketch) was designed by its California studio. It packs a 300-horsepower, turbocharged engine and is equipped73 words
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Article55 2000-11-18 15 SALES of Firestone tyres plunged 40 per cent in the US in September and October, according to parent group Bridgestone Corp president Yoichiro Kaizaki. Quoted by the Wall Street Journal, the company had raised its estimate of the cost of the Firestone recall to US$4OO million55 words
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82 2000-11-18 15 SPEED.COM, one of the first automotive portals here, has started a twin site dedicated to motorcycles. Probably the only of its kind, speed.com's motorbike site targets the rider and sources content from various sources, including Two-Wheelers magazine. Originally meant as a commercial portal, www.speed.com.sg is now82 words
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45 2000-11-18 15 ELECTRONIC road-pricing rates will be lowered during the December school holidays, in line with previous moves for holiday periods. Generally, rates will be 50 cents lower at most gantries. The concession will apply from Nov 20 to Dec 29.45 words
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Article163 2000-11-18 15 Christopher Tan - Compiled by i Christopher Tan MODEL E CORP, a startup funded by a unit of Japan's Softbank Corp, has unveiled a plan to offer a built-to-order sports utility vehicle through the Internet. According to Reuters, Model E hopes its SUV will help revolutionist the163 words
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Page 15 Advertisements
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Advertisement89 2000-11-18 15 There is no wheel matters column this week because our Motoring Correspondent Christopher tan is on leave The advice forum will resume next Saturday, 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 at89 words
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FINANCE & commodities
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301 2000-11-18 16 Lau Chee Keong Refco Singapore - SGX Derivatives TmttoD&Report ST S'pore Index Lau Chee Keong Refco Singapore THE Singapore stock market fell following Nasdaq's losses and the downgrade of some chip makers by analysts, while investors ignored a slew of healthy economic data. ST Engineering's failure to win a lucrative301 words
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247 2000-11-18 16 Lau Chee Keong Refco Singapore - MSCI Taiwan Index Lau Chee Keong Refco Singapore THE MSCI Taiwan Index tumbled more than 2 per cent yesterday on Nasdaq's losses and fears that the country's troubled banking sector might spark a financial crisis. Technology stocks were dumped after a foreign research247 words
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Article161 2000-11-18 16 ENERGY REPORT Reuters [LONDON] Oil prices slipped yesterday but remained comfortably above US$3O a barrel ahead of weekend talks between the world's leading producers and consumers in Riyadh. Brent crude was down 42 US cents at U5532.35 a barrel but top oil exporters movedReuters - 161 words
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Article318 2000-11-18 16 Reuters London THE euro stabilised within sight of two-week lows against the US dollar yesterday, with only the threat of intervention preventing further losses. Uncertainty over the outcome of the US election and Monday's proposed vote of no-confidence in Japanese Prime Minister Yoshiro Mori kept many traders sidelined,Reuters - 318 words
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Article, Illustration1133 2000-11-18 16 MTERBAME CROSS RATES Nov 17 A$ C$ Iro Ffr Da HK$ UK H Yaw 9m Ml HgPih >t» S$ tart Sfr WT$ WNK US$ Australia 0.810 4.324 0.609 3.991 1190 4064 24.398 48.888 0.567 5.949 I960 L294 29.674 26.000 0.912 3.976 0.928 16J09 22.966 0.366 0.521i Canada L235 5.339 0.7511,133 words
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Article1859 2000-11-18 16 SICOM FUTURES Nov 17 RUBBER (futures ctesiaq at it 5J0pa) RSS1 C0*T1ACT(S ceots/kq) CtOM VoiMM OpM Month High Low Sett (taiMH) hrterest Dec 00 ***** Jan 01 110.00 SO Feb 01 111-50 50 Mar 01 113.00 350 RSS 3 COMTRACT (US cents/*) VoiMM OpM Mont* High Low Sett (tows) Interest1,859 words
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STOCKS east asia
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Article, Illustration2832 2000-11-18 17 HONGKONG AFP D Hang Seng -117.50 HONGKONG share prices closed lower across-the-board in thin trade yesterday following Wall Street's losses overnight and amid continued uncertainty over the outcome of the US presidential election, dealers said. The key Hang Seng IndexAFP - 2,832 words
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2003 2000-11-18 17 TOKYO AFP Q Nikkei 225 -42.73 SHARE prices in Tokyo dipped 0.3 per cent yesterday as investors were unnerved by political uncertainties in the US and Japan, brokers said. The Tokyo Stock Exchange's Nikkei--225 index lost 42.73 points to close at 14,544.30. The Topix indexAFP - 2,003 words
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Article, Illustration959 2000-11-18 17 Reuters f% Shenzhen B Index +004 CHINA'S hard currency B shares closed higher yesterday, maintaining its rising momentum of the past few weeks due to bullish sentiment backed by persistent hopes of official market reforms, analysts said. The Shenzhen B share index ended up 0.78 per cent or 0.94Reuters; Source: Credit Lyonnais Securites (Asia) Ltd - 959 words
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Article339 2000-11-18 17 AFP aw Index -102.77 TAIWAN share prices closed 1.9 per cent lower yesterday on Wall Street's overnight losses and uncertainty over the government's economic policy, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 102.77 points to 5,351.36, on turnover of NT562.11 billion. "There are different voices amongAFP - 339 words
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Page 17 Advertisements
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Advertisement25 2000-11-18 17 K ■*>» mm .nil|-.J 1 *JLk m -mmm* v Jr ifIHHHBHHHHBHHiIKa c 21 «w«i I H-. y s Business Tools Just imagine life without them. B«yitsdiiLFtodit25 words
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STOCKS klse
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Article, Illustration353 2000-11-18 18 AFP, Reuters rl Composite Index +5.Q9 MALAYSIAN shares closed 0.7 per cent higher yesterday supported by selective buying from local funds and some bargain-hunting, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 5.09 points to finish at 735.09. The SecondAFP,; Reuters - 353 words
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Article8534 2000-11-18 18 INDUSTRIALS ConswMr protects 2000 Last Vol Day Net Cap Hlgli Low Company Sale 'OOP Low P/t lartl 420 310 Ajlnomoto 340 18.6 1373 158 46 Anqkou 48 0.5 2 48 473 70 8 670 290 Apollo Food Hlg 400 8.7 160 0 3825 2700 BAT 50c 3700 25 406 37.58,534 words
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Page 18 Advertisements
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Advertisement48 2000-11-18 18 MPljnaH==>r I *47.M0jtU) Shm, •—i l I S^s-lsas 2!*" rr™- I I I IPO. Shares. Bonds. Stocks. Annual Reports. Whatever you're offering, we help you reach out to 86.7% of all adults in Singapore daily. The Straits Times The Business Times Lianhe Zaobao Berita Harian Tamil Murasu 1800-741-188348 words
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SGX clob & regional stocks
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Article2622 2000-11-18 19 BOHPS A WARRAMTS Nov 17 •t Wntt I<nmj Uptry U M Laat M Day taMaala »1 hMrt CM* tar Mm MM La» I lala «ar rw>) w» m tar «Mr W» «aMa Ma <%> U« 51.5 3 I Acma W*****4 4.5 unch 20 4.5 4.5 4 4.5 4 41.0 12,622 words
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Article315 2000-11-18 19 AFP Q Composite Index -3.78 SOUTH Korean shares fell 0.7 per cent yesterday with the index down 3.78 at 551.26. Volume was 329.4 million worth 1.6 trillion won.—AFP ■o»n A nam Semi 5270 -HO Brain Tech 605 -5 Central Bank 170 unch Cheil Comm ***** -1600 Da* Ou BankAFP - 315 words
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Article279 2000-11-18 19 AFP Pi Composite Index +2.08 PHILIPPINE shares rose 0.1 per cent yesterday with gov-ernment-run funds believed to be active in the market. The Composite Index rose 2.08 points to 1,470.52. Volume rose to 1.87 billion worth 2.51 billion pesos from 934 million worth 2.37 billion pesos on Thursday. —AFPAFP - 279 words
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Article261 2000-11-18 19 AFP HmSMO +14*2 NEW Zealand's share market broke through the 2,000 mark yesterday on news the Commerce Commission has approved a second application by Royal Dutch Shell to buy Fletcher Energy. The NZSE--40 rose 14.62 points, or 0.7 per cent, to 2,009.55 on turnover of NZ5248.70 million. —AFP *o»i?AFP - 261 words
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Article555 2000-11-18 19 AFP nAH Ordinaries *2410 AUSTRALIAN shares ended 0.7 per cent higher yesterday, propelled by a stronger banking sector and heavyweights Telstra and News Corp. The All Ordinaries gained 24.10 points to 3,275.60 while the S&P/ASX2OO was up 26.60 at 3,329.10. Turnover totalled 563.28 million worth A 51.59 billion. TheAFP - 555 words
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Article, Illustration747 2000-11-18 19 AFP ri SET Index *4.72 THAI stocks gained 1.6 per cent yesterday, with selective buying in counters affected by the new Morgan Stanley Capital International (MSCI) revisions, analysts said. The Stock Exchange of Thailand (SET) Composite Index rose 4.72 points to finish at 294.71 points, while the SET 50AFP - 747 words
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Article, Illustration678 2000-11-18 19 AFP F| Composite Index +4J6 INDONESIAN share prices closed one per cent higher yesterday on continued buying in select blue chips led by Indosat, and second liners, dealers said. The Jakarta Stock Exchange Composite Index closed up 4.16 points at 421.14, on volume of 320 million shares worth 374.22AFP - 678 words
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Page 19 Advertisements
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Advertisement4 2000-11-18 19 TheßusinessTimes INTELLIGENCE CHANGES EVERYTHING.4 words
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Article9770 2000-11-18 20 SGXMAXNBOARD Transaction date: Nov 17 Cr Or M Wt 52-Wk Last Vol Day Last Ouote Dlv Dtv YM Nat Cap Avg High Low Company Sala COOP) High Low Buyer SatlaT H C'yr P/E Sm* Piiea MULTI-INDUSTRY 163 75 m c AcmaSOc 81.5 unch 74 61.5 79 81 8139,770 words
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Page 20 Advertisements
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Advertisement13 2000-11-18 20 :i i special the new The Business Times |H H| H| every Monday13 words
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Page 21 Advertisements
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Advertisement171 2000-11-18 21 Where to wine, dine and entertain..rt(oj&a- fH 2^5 "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*171 words
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Advertisement22 2000-11-18 21 II 1 l||jji|j HOTEL QRAHD CENTRAL LIMITED I 22 Orchard Hoa(VC«v«n«oh Road, Singapore *****7 Tefc 737 9044 Ext 40CV02 Fax: 733 317522 words
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Advertisement38 2000-11-18 21 on predictions. I II mm -V .v,-:- Advertise in Wine, Dine Entertain of The Business Tunes and reach out to 117,000 readers daily. Contact Patrick Ang 740 1284 or Amy Choo 740 ISS9 now. I MtaJML iffiNßfß Afcii38 words
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Advertisement51 2000-11-18 21 Food For Thou ght im /hiring til it\ hi i I\l 11 11\I 111 '.l\lll Mil 1 ctnirse until Vf.rW K Si In l a starti r. tlion main limn our ala-carte menu. hu an additional >5.00 sax or an irresistible di ssert as will. shrooms MODERN FINE DINING Reservations:.?51 words
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Page 21 Miscellaneous
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Miscellaneous868 2000-11-18 21 The Business Times, Saturday, November 18, 2000 TVF:*7T.tr:^^— f.M. t*lM r I 930 News 5 Tonight. 630 Aksi Mat Yoyo. Fatale with Demi W« m 10.00 The Sopranos Boca. 6.00 Cerpen: Semua Pasal Moore. a 8.00 AM Kids Central: The u.OO Poltergeist: The Lega- Duit. LOO Headlines. Big Bug Show.868 words
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Miscellaneous304 2000-11-18 21 CRYPTIC CROSSWORD ACROSS 6 Full of vigour ifs pride, perhaps 1 Carol keeps chilly, dressing 8j 7 Timid little animal is to cnnge (4) 9 Gain on chap struggling to con- 8 HyyjulU's standard broken by trol Malayan boat(8) husband, I notice (8) 10 Tiny bird makes lor sailor (4)304 words
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NewAsiaBizWoman
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Article, Illustration977 2000-11-18 22 PARVATHI NAYAR - For the four female finalists in Philip Morris Asean Art Awards 2000, it's not easy making a living with art They tell pahvathx matas what women artists could do for each other PARVATHI NAYAR PILIPPINO artist Nona Garcia, 22, is the first woman to win thePHOTO BY CHRIS LOH - 977 words
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Article, Illustration442 2000-11-18 22 The changes in the Asean art award rules this year permitted two-dimensional work of any kind, not just paintings. Pidej says it's the subject matter of the work rather than rules that should dictate the exploration of media—but the new rules did allow for many different kinds of442 words
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Page 22 Advertisements
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Advertisement46 2000-11-18 22 NftwAsiaWomari legln now. Wtp^i>.i>«wi<wiw«n.cwi COVER STORY JSL. WlWT»t»ba*«afto DtZDUZZ. #»n raiNM Nona Bvaiyayaaroutaf artachooi, Nona M Qarcta k Ma M nmn and. •ta younQMt, to win ttia Pttßp Mwrto Aaaan Aft Aamtfc. •houknaato fta and you could tofcpacfcagal TIPS ON HOW TO CW^T A SAVVY E-ftESUME46 words
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TheArts
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Article, Illustration2163 2000-11-18 23 PARVATHI NAYAR - While local cinemas have been seeing falling attendance, foreign film festivals are garnering at least 75%. With 8-10 foreign film festivals this year, audiences are spoilt for choice. PARVAID NAYAR talks to people behind the scenes COVER STORY PARVATHI NAYAR AS a throw-away line, this one is spot-on:COVER PHOTO BY CHRIS LOH; JAMES CROUCHER/ST - 2,163 words
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Article155 2000-11-18 24 THE Singapore Film Society (SFS), a non-profit organisation founded in 1958, puts in an amazing amount of work into promoting film —and especially alternative and foreign films in Singapore. The work is handled by a team of nine dedicated volunteers, who are of course, film155 words
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Article, Illustration516 2000-11-18 24 Aaron Lye - Emotive music is the result ofT&ngQn&rtet's renditions of two songs from Chang Eng Byi Aaron Lye PUT a classical string quartet and a prominent local theatre group together, and what do you get? Certainly not what you'd expect, especially if the partners in question are the516 words
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Article, Illustration553 2000-11-18 24 Cheah Ui-Hoon - Byi Cheah Ui-Hoon A MORE conceptual approach to art, for want of a unifying factor, is the distinguishing mark of the generation of artists who come after Singapore's pioneer artists. And visitors to Art Power 2000, an exhibition in aid of The Substation's endowment fund,553 words
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Article, Illustration569 2000-11-18 24 CHRISTINE ZITA-LIM - Though faithful to the events which sparked off S'pore worst racial riots in '50s, My Name is Nadra falters over its weak structure and loose crafting, says christxme ztta-um CHRISTINE ZITA-LIM IN 1950, a Dutch mother's fight for custody of her daughter from her adopted569 words
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Article, Illustration1210 2000-11-18 25 AARON LYE - To Kam Kee Yong, trained at Nanyang Academy of Fine Arts and Royal Academy of Music in London, art and music are one and the same. He tells BMI LYE why AARON LYE Armed with numerous personal anecdotes and a ready smile, Kam Kee Yong doesn't come across1,210 words
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Article, Illustration818 2000-11-18 25 Cheah Ui-Hoon - Guests at SDTs ballet ball Romeo and Jnliet this year will be transported back to Verona, complete with Roman columns and North Italian fare for dinner By Cheah Ui-Hoon IMAGINE being wrapped up in the intrigues of 16th-century Italian family feuds and complicated love818 words
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Article, Illustration528 2000-11-18 26 AARON LYE - Theatre Works' Flying Circus Project will see nearly 70 artists from over 10 countries presenting contrasting images of contemporary and ritualistic Asia AARON LYE gets a taste of what's in store AARON LYE WHILE certain other theatre groups have been pushing boundaries on the taboo front, one group528 words
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Article549 2000-11-18 26 Aaron Lye - Compiled by. Aaron Lye MUSIC Arabian Nights, Violin More A casual concert featuring violinist Tang Tee Khoon and conductor Lan Shui. Performance includes Wieniawski's Violin Concerto No. 2 in D minor and Rimsky-Korsakov's Scheherazade Op. 35. ♦A/oy 19, spm, Victoria Concert Hall. Tickets at $15(circle), $10 and $6549 words
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Article, Illustration181 2000-11-18 26 Aaron Lye - Byi Aaron Lye The buzz: Here to Infinity, a solo art exhibition by Brother Joseph McNally, founder and president emeritus of the LaSalle-SIA College of the Arts. Plot and players: On display are forty-two of Brother McNally's works, created in the last two years. Emphasising on the theme of181 words
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Article, Illustration582 2000-11-18 26 Cheah Ui-Hoon - Singapore Lyric Opera will present excerpts from past productions to celebrate 10th anniversary By < Cheah Ui-Hoon WESTERN classical opera is an acquired taste. Singapore Lyric Opera's (SLO) founder and director Leow Siak Fah readily admits. But the lyric tenor, businessman and restaurateur insists that it582 words
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Advertisement87 2000-11-18 26 Since 1975 our worldwide staff of over 275 multi disciplined professionals A f SB including lawyers, chartered accountants, js*? i V chartered secretaries and bankers have j iJf provided confidential and cost effective Jk company formation in all the major low I tST^PS* Incorporation Fees from US$5OO The world's leading87 words
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Advertisement12 2000-11-18 26 ■TODAY©** tit Lianhe Zaobao Qiu Bojun vows to take on Microsoft smsngkM12 words
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