The Business Times, 28 April 2001

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

Microfilm: NL22889
Total Pages: 26
1 26 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES MITA (P) 107/03/2001 Singapore Internet: http://business-time^asiaTcorr^^ SATURDAY. APRIL 28. 2001 85C
    14 words
  • Article
    Lock icon MARKET SUMMARY
    79 1 □m UBM6 (+16.38) •"U mm (+7.82) ST DCDEX FUTTJBES MMjOO (+16.00) □smsci futures 213J0 (+3.10) STOCK MAIKET INDICES Friday Change KLSE (X)MP 685,87 +5.98 NIKKEI 226 13#4J2 -38.71 HANG SENG 13,386.04 +92.93 SET INDEX ***** +0.07 JAKARTA COMP 361J6 +012 MANILA COMP __1,***** -17.14 TAIPEI WPI .6,416.67 -*****
    79 words
  • Article
    Lock icon FINANCE
    76 1 FOREX BATES us$ s* US$(S$perUSS) L819 £(US$/SSpcr£) 1.443 2.623 EUBO(USS/SS/E) 0.903 1.642 DM 1167 1.192 YEN 124.0 6810 RM 3.800 2.090 HKS 7.799 4189 BAHT 45.67 26.11 RUPIAH 117,50 6,461 *S$ to 100 units PBIME RATES SINGAPORE* 5.80 KUALA LUMPUR ..7.67 JAKARTA 39.00 BANGKOK 9.50 MANILA 11.00 HONGKONG 8.50
    76 words
  • Article, Illustration
    Lock icon Home prices down 9.2% from recent peak in Q2 2000
    865 1  -  Some analysts see fall of another 15% to 20% for rest of year By\ Kalpana Rashiwala [SINGAPORE] Private home prices continue to beat a retreat, having fallen 9.2 per cent since the recent peak in the second quarter of last
    Source: URA/HDB  -  865 words
  • Article, Illustration
    Lock icon SIAS chief David Gerald makes it to Forbes cover
    618 1  -  By' Ven Sreenivasan [SINGAPORE] Being on the cover of an international magazine isn't an everyday event for most people. But for 57-year-old lawyer David Gerald, seeing his face staring out of the cover of the latest issue of Forbes Global magazine
    618 words
  • Article
    Lock icon Strong Q1 US growth calms recession fears
    729 1  -  Economy beats expectation with 2% Q1 growth Froml Catherine Ong in New York THE debate over whether the US economy was already in recession was brought to an abrupt end by the latest government release yesterday which showed first-quarter GDP grew at a
    729 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      110 1 lIIHIUE Top stories Creative sinks into the red with Q3 loss of US$lOl m; sees stable revenue and gross margin for Q4. Pg4 M'sia set to sell more state agencies to shield bumiputra firms from competition. Mmxt Page •*>.<> i Flow of foreign investments into China's Suzhou Industrial Park stHI
      110 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      106 1 Govt gives up Stanchart Singapore CEO JjßifiL crpn rp W* power on yjteresa it m Sing Tel board >j fe M isl B A, Next Page u I ii Next Page I |^Hk ikMp -Si A Ilfl *L».^ y//Jr V Wristwatch Marine "Hora Mundi" in 18-carat yellow gold, with indication
      106 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      20 1 BT Comments Secondary market in bad shape, Pg 3 100,000HDB resale buyers hit, Pg 3 Office space price falls 9.1%inQ1,Pg3
      20 words
Page thumbnail Page 2
  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon DBS 'overpays again'
        145 2 CHUCK Newton, the public relations man at DBS Bank, has a great sense of humour. Apologising for the absence of his boss Philippe Paillart at the opening of The Singapore Repertory Theatre at Robertson Walk on Tuesday, he explained that Mr Paillart was out of town. "He
        145 words
      • Article
        Lock icon Shangri-La's Indon labour woes
        101 2 SHANGRI-La, one of the world's top hotel chains, has run into a bit of a problem with its workers in Jakarta. The Shangri-La Independent Workers Union (SPMS) is filing a suit through the International Labour Organisation to back its demand for better pay, a pension fund
        101 words
      • Article
        Lock icon From pin-up to dart-board
        83 2 MAJORIE Scardino, head of the Pearson group which owns London's Financial Times and other journals (including a 50 per cent stake in The Economist), cost her company a £113 million (***** million) loss last year through Internet investments —a sum that more than wiped out Pearson's
        83 words
      • Article
        Lock icon So where's the loyalty?
        97 2 A YEAR ago, David Rickey, chief executive of US company Applied Micro Circuits, told investors in a TV interview: "I dare you not to own my stock." On May 2, after the company's share price had fallen 67 per cent, he repeated the dare in smother
        97 words
      • Article
        Lock icon Ah, but loyalty can be costly
        55 2 SO should CEOs be loyal to their companies to the end? David Rickey sold most of his shares and became a multi-millionaire. In contrast, Julia Wainwright, head ofPets.com, did not sell a single share. Now the company is bankrupt, rendering her shares worthless. There
        55 words
      • Article
        Lock icon A holiday too far
        172 2 Some employees at US Health and Human Service# (HHS) have been taking holidays in Alaska and Hawaii at taxpayers' expense. The result of their deeds is that the two states have been kicked out of the US of A by HHS, which recently classified them as
        172 words
    • Article
      Lock icon Govt to surrender rights attached to SingTel special shares
      440 2  -  DPM Lee says govt is prepared to slash stakes in S'pore's biggest firms By: Ling Su Ann [SINGAPORE] Singapore Telecommunications yesterday announced that the government will surrender all rights attached to its special shares and convert them into ordinary ones. The
      440 words
    • Article, Illustration
      Lock icon Stanchart's Theresa Foo retires
      735 2  -  Trailblazing banker wants to jnst take it easy, for a while at least Byi Siow Li Sen [SINGAPORE] Standard Chartered Singapore's chief executive Theresa Foo will retire at the end of June, capping a 35-year career in banking. A statement from the group said Mrs Foo,
      735 words
    • Article, Illustration
      Lock icon M'sia may sell more state agencies to cut competition for bumis
      670 2  -  Assets may include cement, transport, utilities firms From 1 Eddie Toh in Kiuila Lumpur THE Malaysian government may spin off a slew of state assets such as cement plants, transportation firms and utilities companies as part of a new
      670 words
Page thumbnail Page 3
  • URA/HDB statistics
    • Article, Illustration
      Lock icon Secondary property market in bad shape
      657 3  -  1-11 comment PROPERTY Bayers sit tight for prices to come down; only 912 nnlts changed hands In Q1 lee han shih IF you think developers are in bad shape, spare a thought for the property owners who are trying to sell their houses and
      657 words
    • Article, Illustration
      Lock icon 100,000 HDB resale buyers hit by price slide
      1005 3  -  Those who bought in 1996,1997 and HI of 1998 sitting on unrealised losses By Andrea Tan AS many as 100,000 buyers who bought resale HDB flats in 19%, 1997 and first half of 1998 face losses if they sell their flats now.
      1,005 words
    • Article, Illustration
      Lock icon Office space price falls 9.1% in first quarter
      737 3  -  Signs of property market not doing well, says JLL By' Vince Chong IN WHAT consultants say could be a stark turning point in the commercial property sector, the price of office space in the central area fell 9.1 per cent in the
      FILE PHOTO  -  737 words
Page thumbnail Page 4
  • SINGAPORE companies
    • Article
      Lock icon Creative in red with US$101m net loss in Q3
      674 4  -  Bigger than expected loss blamed on higher restructuring charges and investment write-offs By Angela Tan CREATIVE Technology, the world's leading soundcard maker, posted a bigger than expected net loss of US$lOl million, or US$l.27 a share, for its third financial quarter.
      674 words
    • Article
      Lock icon Elec owner applies partial bid provision
      493 4  -  It offers 35% premium with eye on 51.3-55.6% target From< Quak Hiang Whai in Hong Kong THE parent company of Sin-gapore-listed Elec Eltek International Co wUI offer cash to other shareholders to raise its stake from 42.7 per cent to between 51.3 per cent
      493 words
    • Article
      Lock icon Auditors again qualify IPC accounts
      286 4  -  By. Lee Han Shih THE accounts of loss-making computer maker and Internet company IPC Corporation have again been qualified by its long-time external auditor Ernst Young. This was disclosed by IPC in a statement to the Singapore Exchange yesterday. Ernst Young, one of the top
      286 words
    • Article, Illustration
      Lock icon Analysts stay bearish on i-one.Net
      555 4  -  The stock closes nnchanged at 9 cents asK KFongquits By\ David Boey THE resignation of Fong Kah Kuen (better known as K K Fong) as chief executive officer of i-One.Net International had little impact on the company's already battered shares. The counter closed unchanged at
      ARTHUR LEE; Source: Bloomberg  -  555 words
    • Article
      Lock icon How about a DBS-JP Morgan link-up?
      788 4  -  S[tlt3lock siew] quak hiang whai HERE'S an idea: JP Morgan Chase as a strategic partner in DBS Bank. This admittedly seems far-fetched, but playing with the idea may nevertheless be instructive. It is no secret that the Singapore government wants to get out of
      788 words
    • Article
      Lock icon Precision engineering firm eyes Nasdaq listing
      481 8  -  MSC Group hopes to raise USs4sm from the US market By Conrad Raj YET another Singapore company plans to seek its fortune on Nasdaq. Obviously sensitive to the fact that the investing public's romance with high-tech company is all but over, The MSC Group
      481 words
    • Article
      Lock icon Centrepoint wins bid for condo site
      130 8 CENTREPOINT Properties was yesterday awarded the condominium site next to Parkway Parade by the Urban Redevelopment Authority. The bid by the listed property arm of Fraser and Neave was the highest of seven bids for the 99-year leasehold site. Centrepoint's offer of $208.1 million
      130 words
    • Article
      Lock icon FJ Benjamin's MUSEA, Petra in tie-up
      254 8  -  By\ Rachel Ong MAINBOARD—LISTED FJ Benjamin Holdings said yesterday that its wholly owned subsidiary Manchester United SEA (MUSEA) has formed a joint venture with Petra Equities Sdn Bhd to run the Manchester United franchise in Malaysia (MUMAL). Based in Kuala Lumpur, the joint-venture company
      254 words
    • Article
      Lock icon PCL offer hits enhanced price target
      259 8 HOVERT Investments, which is making a takeover bid for shipping firm Pacific Carriers (PCL), yesterday said it had raised its stake in PCL to over 75 per cent, and increased the offer price to $1.40. Hovert, a member of the Kuok group, had offered
      259 words
    • Article
      Lock icon SingTel takes 14% indirect stake in Shin Corp's Digital Phone
      450 8 Bloomberg [BANGKOK] Singapore Telecommunications Ltd, Southeast Asia's biggest phone company, paid Shin Corp 1.97 billion baht (5578.4 million) for an indirect 14 per cent stake in Digital Phone Co, paving the way for a merger of Shin's mobile-phone businesses. Sing
      Bloomberg  -  450 words
    • COMPANY Briefs
      • Article
        Lock icon Inno-Pacific proposes capital cut
        115 8 INNO-PACIFIC Holdings has proposed a capital reduction to reduce the par value of its ordinary shares from $0.20 to $0.01 and to reduce its share premium account from $40.9 million to $22.3 million. Explaining the move, the company said it posted a loss of $19.9 million
        115 words
      • Article
        Lock icon Globe Q1 earnings soar to 1.07b pesos
        120 8 Bloomberg GLOBE TELECOM said its unaudited profit tripled in the first quarter as it increased wireless subscriptions 15 per cent. Profit in the three months ended March 31 rose to 1.07 billion pesos (5538.2 million) from 335 million pesos for the same period
        Bloomberg  -  120 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      716 4 00 HUAN HSIN HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at Raffles Hotel, Casuarina Suite A, Level 3 (via Seah Street entrance), 1 Beach Road, Singapore *****3 on 21
      716 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      93 5 il I #1 I^fß^*- jpS^'.' I m&^t I I jpj ||^B I mil i l mii f irii ll riifii lli irftiji^Mttttiiiii^^^^^^' t BP 1 kV;"7V s »J Soon, Media Works will launch two new free TV channels in Singapore, Channel U on 6 May and TV Works on 20
      93 words
Page thumbnail Page 6
  • SINGAPORE markets
    • Article, Illustration
      Lock icon Late rebound in SIA and banks helps lift market
      573 6  -  l-l i comment STOCKS r. sivanithy A LATE rebound in bank stocks and Singapore Airlines yesterday rescued the market from what threatened to be a mediocre session lacking in themes to punt on. Again, most of the action was in smaller
      573 words
    • Article, Illustration
      Lock icon Support seen for UOL warrant
      177 6  -  WARRANT WATCH By R Sivanithy IT would take a brave person to put money into property stocks at the moment. Yet a glance at the chart accompanying this column shows support for United Overseas Land's (UOL) shares has been reasonably strong for the past couple
      177 words
    • Article, Illustration
      Lock icon Parkway shares bottoming out?
      228 6  -  HOTSTOCK By' Ven Sreenivasan THE shares of medical group Parkway Holdings have slid steadily for the best part of the past 10 months. However, a boardroom tussle at an associate company, Auric Pacific, has put Parkway in the limelight. The stock gained four cents to 90
      228 words
    • Article
      Lock icon Untitled
      332 6 Simla Volume Keppel Cap W*****0 17,110,000 Chart Semiconductor 26c 9,553,000 Parkway H 25c 9,182,000 0culus7.5c 8,500,000 AddvaUech 2.5c 8,403,000 North 22 USlc 7,171,000 Lankom US2c 6,948,000 Econ Intl 20c 6,817,000 GES Intl Ltd 20c 6,398,000 Goldtron 5c 6,016,000 Stocks Chart Semiconductor 26c 48,522,685 DBS Grp 39,315,450 UOB 21,672,844 Elec80c 18,181,218
      332 words
    • Article, Illustration
      Lock icon Talk of BOJ chief quitting, weak output data hit yen
      527 6  -  l-i i comment CURRENCIES Rupi&h recovers, Sings a touch weaker; euro, As, NZ$ rise farther larry wee A DOUBLE whammy from Japanese officials set the US dollar on fire versus the yen yesterday, putting paid once more to most Asian
      Source: Reuters  -  527 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2761 6 UNIT TRUSTS FUNDS Manager's prices (Ss)Apr 28 *b«rdnn Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNCFd 0.767 0.806 Global Technology Fd!** 0.684 0.719 UK Blue Chip Fd!** 0.790 0.830 American Opport Fd 0.866 0.911 Cont Euro Eqty Fd!** 1.086 1.141 Japan Eqty Fd!** 1.250 1.313 Asian Fixed Income Fd
    2,761 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      3005 7 VOLUNTARY CONDITIONAL CASH PARTIAL OFFER for Elec Eltek fK H 3 i ELEC ELTEK INTERNATIONAL COMPANY LIMITED (Incorporated in the Republic of Singapore) by HSBC THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (Incorporated in the Hong Kong SAR) for and on behalf of Elec Eltek BHZM ELEC ELTEK INTERNATIONAL HOLDINGS
      3,005 words
Page thumbnail Page 8
  • Article
    Lock icon BT SHARE information service
    4993 8 Net earn BPS Ma Wren 22-Mar P U 0234 0.62 0.17 Dal* TY LY TY LV MCL Land 21-Feb P 25.989 33.818 7 92 Company mm iSmi (Sail <cts) <cts> Mediarlng 21-Mar P 55.955L 25.854L 7.9L 10L P^T tJ Mediastream 27-Mar P 5.622L 5.754L 1.1L 2.9L
    4,993 words
Page thumbnail Page 9
  • SINGAPORE news
    • Article
      Lock icon Suzhou park still getting strong investments
      575 9  -  Philips and Fairchild set to ink pacts for projects totalling USsl.2b By Loh Hui Yin DESPITE the global economic slowdown, the flow of foreign investments into China's Suzhou Industrial Park (SIP) remains strong. Two multinational corporations, Philips and Fairchild, are set to sign agreements
      575 words
    • Article
      Lock icon Wing Tai, MCL Land in Grange Rd project
      369 9  -  By Trina Foo WING Tai Holdings Limited and MCL Land will combine their two adjacent sites at Grange Road to jointly develop an exclusive residential project. A joint-venture agreement was signed yesterday between MCL Land (Grange), a wholly owned subsidiary of MCL
      369 words
    • Article
      Lock icon FCI Asia to invest $25m more in S'pore
      314 9 ELECTRONICS group FCI Asia will invest $25 million in Singapore in the next five years, building on its previous $55 million of investment. The group expects business volume of more than $1 billion by 2004 and hopes to lift market share in
      314 words
    • Article
      Lock icon CSFB sees unemployment rate falling
      512 9  -  on the economy unemployment rate By Chuang Peck Ming FEWER workers will be out of a job this year, thanks to a pick-up in the construction and services sectors, reckons Credit Suisse First Boston (CSFB) economist P K< Basu. "Despite the fact that growth is
      512 words
    • Article
      Lock icon IDA issues consultation paper for mobile phone service providers
      423 9  -  It provides for operators who do not own frequency bands to carry signals By Tang Weng Fai In an effort to further stimulate competition in the mobile telecommunications market, the Infocomm Development Authority (IDA) issued a consultation paper yesterday to seek
      423 words
    • Article, Illustration
      Lock icon Liverpool fans in for a treat
      76 9 CARLSBERG yesterday announced their title sponsorship of the 'Carlsberg Challenge presented by HSBC'. The event featuring Liverpool FC vs Singapore Invitation XI on July 16, 2001 marks the Singapore leg of Liverpool FC's Asian Tour. This will be thefirst official visit of the full
      AP  -  76 words
    • Article
      Lock icon Japan-S'pore talks make good progress
      212 9 GOOD progress was made during the second round of negotiations for the JapanSingapore Economic Agreement for a New Age Partnership (JSEPA) held in Tokyo this week, the Singapore government said yesterday. "The atmosphere of discussions was constructive and friendly," the Ministry of Foreign Affairs (MFA)
      212 words
    • Article
      Lock icon Tough luck for customers of failed furniture store
      291 9  -  By Rachel Ong PENNVILLE International, which owns the failed home furnishing chain Pennsylvania House, said it ceased operations this week when "it became clear that business and financial factors allowed us no other alternative". And angry customers who have paid in full
      291 words
    • Article
      Lock icon Merge Umno, Wanita Umno so that a woman PM is possible
      163 9  -  Tan Boon In Klang, Malaysia via Internet I REFER to your article "A welcome breath of fresh air in KL" by Karim Raslan (BT, April 21). I have something to say on Wanita and Puteri Umno. Talking about gender
      163 words
    • Article, Illustration
      Lock icon MRT, HK's MTR not directly comparable: SMRT
      383 9  -  Goh Chee Kong WE refer to the letter "Public transport: some way to go" by Zheng Baoguang (Mailbag, April 23). Mr Zheng wrote that "HK's MTR (Mass Transit Railway) trains arrive at intervals of two to three minutes at every station, depending on
      FILE PHOTO  -  383 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      67 9 We welcome letters. E-mail us at btfetterQsph.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 bear in
      67 words
Page thumbnail Page 10
  • REGIONAL news
    • Article, Illustration
      Lock icon Mokhzani's corporate retreat aimed at shielding dad
      538 10  -  He wants to stem further allegations of nepetism against Dr M, the PM From Eddie Toh in Kuala Lumpur BUSINESSMAN Mokhzani Mahathir, the second son of Malaysia's prime minister, is adamant he would not return to the corporate world in a bid to
      538 words
    • Article, Illustration
      Lock icon Embassies in Jakarta brace for clashes
      566 10  -  Many of the missions are in an area of the capital where protesters gather From Shoeb Kagda in Jakarta AS Indonesia's warring politicians prepare for battle on Monday, foreign embassies and corporations are bracing themselves for a possible showdown between the thousands of pro-Abdurrahman
      REUTERS  -  566 words
    • Article
      Lock icon Peso, stocks lake a beating as numbers at pro-Estrada rally mount
      462 10  -  Rumours of popular revolt in the making has created a sense of political instability in Manila From Al Labita in Manila PHILIPPINE stocks and the peso took a beating yesterday as rumours swept through the markets that another popular
      462 words
    • Article
      Lock icon DRB-Hicom to comment on report on revamp plans 'in due course'
      311 10 KUALA LUMPUR Media report says banks for Gadek bonds have approached ELSE Reuters MALAYSIA'S DRB-Hicom Bhd said yesterday it would comment "in due course" on a media report that a group of banks was trying to stall DRB's reorganisation
      Reuters  -  311 words
    • NOTE Book
      • Article
        Lock icon Jakarta in joint-venture talks
        77 10 Reuters [JAKARTA! Indonesia said it was in talks with four major investment banks to set up joint ventures within the next three months to speed the disposal of loans worth some 300 trillion rupiah (Ss4s billion), equal to 21 per cent of GDP. Separately IBRA said
        Reuters  -  77 words
      • Article
        Lock icon KL postpones Anwar hearing
        64 10 AFP [KUALA LUMPUR] Malaysia's high court has postponed an initial hearing into five outstanding charges against jailed ex-deputy premier Anwar Ibrahim, his lawyer Sankara Nair said yesterday. Mr Nair said the attorney-general's office had sought a postponement from Saturday to May 12 as Anwar who has
        AFP  -  64 words
      • Article
        Lock icon Bakun project invites bids
        55 10 [KUALA LUMPUR] Several companies including United Engineers (M), (UEM) Bhd, IJM Corp Bhd and Gamuda Bhd are believed to have been invited to make private bids for the multi-billion ringgit Bakun hydroelectric project, Malaysian Business Times said yesterday. Last month, the government announced it had invited
        55 words
      • Article
        Lock icon Japan, US bank loan for LNG Tiga
        58 10 Reuters [TOKYO] The Japan Bank for International Cooperation (JBIC) will together with private Japanese and US banks provide a loan totalling about US$BOO million to Malaysia LNG Tiga, a JBIC spokesman said yesterday. He said state-run JBIC would provide about US$65O million with
        Reuters  -  58 words
      • Article
        Lock icon Vietnam allows firms to keep more US$
        76 10 Reuters [HANOI] Vietnam will allow foreign exchange earning companies, both foreign and local, to retain more US dollars in current bank accounts, a central bank official said yesterday. The official from the State Bank of Vietnam cited a new government rule which said
        Reuters  -  76 words
    • Article
      Lock icon Forex gains boost Tenaga's first-half earnings
      380 10  -  Translation gains formed balk of the 50% net increase From Diana Oon Abdullah in Kuala Lumpur FOREIGN exchange gains helped boost power group Tenaga Nasional Bhd's firsthalf earnings, resulting in a 50-per-cent increase in net earnings to RM1.47 billion (***** million) for the six
      380 words
    • Article
      Lock icon Bank Negara moves to allay fears of ringgit re-peg
      429 10 Central bank claims there is no reason at present for investors to hedge their ringgit exposure Reuters [SINGAPORE] Malaysia's central bank said yesterday that there was no reason for investors to hedge their ringgit exposure on fears authorities might be forced
      Reuters  -  429 words
    • Article, Illustration
      Lock icon Indian all-party panel to probe stock scam
      412 11 Move coincides with arrest of MD of bank in Gqjarat over fraud charges AFP [NEW DELHI] The Indian government announced on Thursday an all-party parliamentary probe into a recent stock market scam which sent share prices tumbling and shattered investor confidence. The announcement
      AFP; FILE PHOTO  -  412 words
    • Article
      Lock icon CSFB to meet Sebi over trading ban
      140 11 Bloomberg [BOMBAY] Credit Suisse First Boston Inc (CSFB) will meet Securities Exchange Board of India (Sebi) officials on Monday, their first meeting since the bank's local unit was barred from trading stocks in India, a CSFB spokesman said. The order was given after
      Bloomberg  -  140 words
    • Article
      Lock icon China set to unveil sale of state assets
      390 11 BEIJING Proceeds will help finance fledgling pension funds Reuters CHINA will soon announce a limited sale of state assets to help finance its fledgling pension funds, the China Securities newspaper quoted Finance Minister Xiang Huaicheng as saying yesterday. The plan, which has
      Reuters  -  390 words
    • ASIA Notes
      • Article
        Lock icon Donald Tsang in dispute with ex-chef
        62 11 AFP [HONGKONG] Hongkong Financial Secretary Donald Tsang has been taken to a labour tribunal by his former chef, Yu Yin-ping, who claimed he had not been paid for his overtime. He claimed Mr Tsang owed him HK$7O,OOO (5516,352) for 1,120 hours of overtime he
        AFP  -  62 words
      • Article
        Lock icon Taipei hopeful of recovery
        39 11 Reuters [TAIPEI] Taiwan's economy showed signs of slowing for a fourth month in March, but a recovery is possible in the second half of the year, the island's top economic planning agency said yesterday. Reuters
        Reuters  -  39 words
      • Article
        Lock icon Chinese airlines agree to merge
        57 11 Reuters [BEIJING] Nine Chinese airlines had agreed to merge into three major groups, Xinhua reported yesterday. Unlisted Air China would merge with China Southwest and Zhejiang Airlines. China Eastern would merge with China Northwest and Yunnan Airlines, while China Southern would merge with Northern Airlines
        Reuters  -  57 words
      • Article
        Lock icon China's top Customs man replaced
        74 11 Bloomberg [BEIJING] China's top Customs official and two deputies have been removed from their posts, with the chief replaced by one of the country's top security officials, Xinhua reported. Director-general of the General Administration of Customs Qian Guanlin was replaced by Vice-Minister of Public Security
        Bloomberg  -  74 words
    • Article, Illustration
      Lock icon Bush policy-makers must revisit S-E Asia
      1205 11  -  WRITER'S JOURNAL PS needs to invest time, energy and money In region and prevent Indonesia's disintegration karim raslan IT has been an eventful first 100 days for President George W. Bush's new administration. Three events stand out, all of which will have serious implications
      1,205 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      1381 11 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 Stut Tta—OiOCT UMTO Notice is hereby given that the Annual General Meeting of Baker Technology Limited will be held at Nautical 111, Level 2, Republic of Singapore Yacht Club, 52 West Coast Ferry Road, Singapore *****7 on 16 May
      1,381 words
Page thumbnail Page 12
  • MOTORING
    • Article, Illustration
      Lock icon Top off ceremony
      1169 12  -  CHRISTOPHER TAN drives the Jaguar XKR Convertible and is convinced it is the world's best soft-top super tourer CHRISTOPHER TAN THE Germans prefer it hard and on all fours, the English are partial to gentle shoving from the rear, while the Italians like it both ways. We're
      1,169 words
    • Article, Illustration
      Lock icon Pirelli duo set to tread on opposition
      1012 12  -  Boutique brand Pirelli is expected to give big mass players a ran with its new tyres Promk Andre Lam in Barcelona PIRELLI is the only tyre manufacturer that launches its tyres on the same scale as car makers roll out their products. After
      1,012 words
Page thumbnail Page 13
  • BT motoring
    • BUMPER to bumper
      • Article
        Lock icon C&C named best Kia distributor in Asia
        68 13 CYCLE Carriage has been named Best Kia Distributor in Asia 2000 by Kia Motors Corp, a unit of Hyundai Motor. Since taking over the Kia franchise in April last year, Cycle Carriage has put more than 1,000 Kia cars on the road a
        68 words
      • Article
        Lock icon Vicom raises inspection rate
        93 13 VEHICLE inspection company Vicom has raised rates, matching increases announced by rival STA Inspection a few days ago. The second round of increases in three years brings car rates to $54, $4 more than previously. Repeat inspection rate is $2 higher at $27. With the exception
        93 words
      • Article, Illustration
        Lock icon ERP gantries to be reconfigured
        85 13 ALL electronic road-pricing (ERP) gantries will be reconfigured so that their working frequency does not clash with bluetooth bandwidth. Currently, the ERP system operates within the 2.4 GHz industrial, scientific and medical band. As bluetooth a technology that allows computers to communicate via wireless forms
        FILE PHOTO  -  85 words
      • Article
        Lock icon 'Silent sports tyre' from Falken
        69 13 FALKEN has launched what it claims to be a "silent sports tyre". The Azenis ST-115, available from Stamford Tyres, incorporates a revolutionary "noise-cut sports compound" technology. A typical tyre contains about 60 million micro-vacuum-capsules of silicon sand in the base tread rubber to minimise road
        69 words
      • Article
        Lock icon Toyota to raise stake in Hino to 50.1%
        117 13 TOYOTA Motor will increase its stake in ailing truck maker Hino Motors to 50.1 per cent from the current 36.6 by buying new Hino shares for 66.29 billion yen (*****.5 million), according to a Reuters report. By tightening management control of Hino,
        117 words
      • Article
        Lock icon DaimlerChrysler may sell two plants
        76 13 DAIMLERCHRYSLER may sell two US-based component plants as the ailing company struggles to cut costs and restore its Chrysler division to profitability. AP, quoting Dow Jones Newswires, reported that the plants under consideration are a components factory in Dayton, Ohio, and an electronics plant in
        76 words
      • Article
        Lock icon First Nissan dividend since 1998
        85 13 NISSAN Motor plans to pay its first dividend in three years for the business period that ended last month. The seven-yen-per-share dividend will be the Renault affiliate's first since 1998, Bloomberg quoted a company statement as saying. Nissan also said it now expects parent net
        85 words
      • Article
        Lock icon Award for Porsche's technology
        149 13 PORSCHE'S VarioCam Plus has been awarded a prize by a panel of automotive engineers. The technology, used in the 911GT2 and 911 Turbo, combines the best in performance, consumption and emission. Readers of US journal Automotive Engineering International gave it the "AEI Tech 2001 Award". Porsche
        149 words
      • Article
        Lock icon Mobis-Textron tie-up likely in H1
        123 13 TOP South Korean car parts maker Hyundai Mobis expects to sign a much anticipated tie-up with US-based Textron Inc in the first half of this year, president and chief executive Park Jeong In told Reuters. The planned joint venture to produce passenger compartment modules is
        123 words
      • Article
        Lock icon Delphi expects Q2 revenue to fall 11%
        107 13  -  Compiled by Christopher Tan US-BASED car parts giant Delphi expects second-quar-ter revenue in the US$6.B billion (5512.4 billion) to US$6.9 billion range, about 11 per cent below results in the previous corresponding period. Net income is expected to be in the US$l6O million
        107 words
    • Article
      Lock icon New car came with a rusted frame structure
      453 13  -  Yeo Tek Beng Singapore, via Internet I BOUGHT a new Civic VTI(A) in December from Kah Motor. It's a very nice car to drive, compared with my previous Nissan Sunny, although it cost me more. However, I noticed a frame structure underneath
      453 words
    • Article, Illustration
      Lock icon Don't smoke when you drive
      170 13  -  Rosalind Fong Singapore, via Internet "WHEN you drink, don't drive". And "when you drive, don't use the mobile phone". Everyone agrees these actions pose a danger to all road users. So why aren't the relevant authorities, such as the Traffic Police Department and the Land
      170 words
    • Article
      Lock icon How about a do-nothing day?
      61 13  -  Narayana Narayana Singapore, via Internet NOW that CAR-FREE DAY has come and gone, perhaps some thought could be given to having our very own "CAR-E FREE DAY". The emphasis would be to do nothing all day, and then rest afterwards. I am sure it would
      61 words
    • Article
      Lock icon Waiting in petrol line: it's worth it
      125 13  -  Ng Cheng Cheong Singapore, via Internet I REFER to the Grapevine item "Q-tips" (BT, April 25), in particular to the statement: "Those drivers who queue up for discounted petrol along Bukit Timah Road can't be very good businessmen." This is not a well
      125 words
    • Article
      Lock icon LTA, do away with COE middleman
      75 13  -  Francis Ng Singapore, via Internet I REFER to the letter "Revise PARF/COE rebate system" (Wheel Matters, April 7). The suggestion that the government make direct cash rebate has been raised many times before. However, the answers from the Land Transport Authority (LTA) have never
      75 words
    • Article
      Lock icon Don't blame the motorists
      102 13  -  Frankie Lim Choo Beng Singapore, via Internet I REFER to the article "Q-tips" (BT, April 25) on motorists who queue up for cheaper fuel. Yes, I certainly agree with you. But we cannot blame these motorists. It is just human instinct, as well as a Singapore
      102 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      88 13 If you have something $100 worth of motor-related to get off vouchers Prizes are your chest, write to us. A /h~> j sponsored by We welcome feedback j <l ehSTAMFORD TYRES, and suggestions from ill dX# X# fcr *£3 Singapore's only readers. listed tyre and auto The AUTOMOBILE services group.
      88 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      66 13 f «•***■< in fait roc iiiuji iMim. ot 2TL22! ne^„ ,ee w I 1 «r«M» Mmw v*ikiM WM L •> *Mbrt who but I HTyr. A^yj LlrA 1 wZr2Zl e £2221 f rt I Winning letter The above letter by by Kelvin Nye Thong Teik, published April 7, wins $100
      66 words
Page thumbnail Page 14
  • e-NEWS
    • Article
      Lock icon IBM moving towards tinier, yet more powerful computers
      448 14 SAN FRANCISCO Researchers hope for an electronics industry based on nanotechnology NYT IBM scientists have, for the first time, created a vast assembly of transistors using a new material only a few molecules wide, taking a significant step towards computers far tinier
      NYT  -  448 words
    • Article
      Lock icon Alcatel, Lucent in merger talks, says report
      470 14 PARIS Reuters FRENCH telecoms equipment group Alcatel and US peer Lucent Technologies have been holding talks on a full-blown merger although the chances of a deal materialising are slim, the Wall Street Journal Europe reported yesterday. Citing sources familiar with the situation, the
      Reuters  -  470 words
    • Article, Illustration
      Lock icon Big blue by IBM
      92 14 [CHICAGO] An angry Jeniffer Plesha, manager of the Spex On Clark store in Chicago, points out some of the graffiti painted on the sidewalk outside her store. The graffiti, in the form of peace symbols, hearts and smiling penguins was painted on sidewalks at about 100
      AP  -  92 words
    • Article
      Lock icon Japanese chipmakers' profits rise
      443 14 TOKYO Bnt companies are cantionsly optimistic on ontlook Reuters THREE of Japan's big chipmaking firms fulfilled expectations yesterday by reporting strong gains in operating profits for the last business year and were cautiously upbeat on this year's outlook amid signs a slump is ending. Hitachi Ltd,
      Reuters  -  443 words
    • Article
      Lock icon Taiwan Semiconductor's first quarter earnings below forecast
      225 14 TAIPEI Reuters TAIWAN Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, said yesterday it earned NTSO.7I per share in the first quarter of 2001, significantly below analysts' expectations. A Reuters survey of six analysts gave an average EPS forecast of NT$O.B3 for
      Reuters  -  225 words
    • Article
      Lock icon Microsoft again flouts anti-trust laws: rivals
      398 14 WASHINGTON They cite its tying of video player to new operating system Reuters, AP MICROSOFT Corp's rivals on Thursday accused the company of continuing to flout US anti-trust laws by tying the latest version of its media player software into its new Windows XP
      Reuters,; AP  -  398 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      744 14 VA**OCttTB/ MEDI-RAD ASSOCIATES LTD NOTICE OP EIGHTEENTH ANNUAL GENERAL MEETING 2001 NOTICE IS HEREBY GIVEN That the Eighteenth Annual General Meeting of the Company will be held on Wednesday, 16th May 2001 at 3.00 p.m. at The Lecture Theatre, Level 3, Gleneagles Hospital, 6A Napier Road, Singapore *****0 for the
      744 words
Page thumbnail Page 15
  • WORLD news
    • Article, Illustration
      Lock icon German govt slashes 2001 growth estimate to 2%
      725 15 Another rate cat expected as UK's economic growth hits two-year low in Q1 Reuters [BERLIN] The German government finally joined a growing chorus of voices foreseeing slower economic expansion this year and yesterday slashed its 2001 growth forecast to 2 per cent,
      Reuters; FILE PHOTO  -  725 words
    • Article
      Lock icon Jailed L&H co-founders charged with fraud
      215 15 AP Reuters, [lEPER, Belgium] Investigators have charged the jailed co-founders of Lernout Hauspie Speech Products with fraud, a prosecutor said yesterday, while shareholders heard that the high-tech firm's revenue had been overstated by nearly US$lOO million more than previously thought. Jo Lernout and Pol
      AP; Reuters,  -  215 words
    • Article, Illustration
      Lock icon Alan Greenspan sees rundown of US debt
      424 15 WASHINGTON Reuters, AP FEDERAL Reserve chairman Alan Greenspan predicted yesterday that the United States is likely to see large budget surpluses for some time, enabling it ultimately to pay off the publicly held portion of the national debt. "While the magnitudes of future
      Reuters,; AP; AFP  -  424 words
    • Article
      Lock icon Unilever to cut 8,000 jobs, close 30 factories
      214 15 ROTTERDAM Bloomberg UNILEVER, the maker of Lipton tea and Dove skin-care products, said it would slash B,ooojobs and close more than 30 factories as it integrates Bestfoods, the US rival it bought for U5524.3 billion last year. The decision comes on top
      Bloomberg  -  214 words
    • Article
      Lock icon Sony posts 86% plunge in profits; Matsushita net down 58.4%
      308 15 CORPORATE RESULTS AFP, Bloomberg [TOKYO] Sony Corp and Matsushita Electric Industrial Co Ltd said yesterday their profits had plunged due in part to slowdown of the US economy. Sony posted an 86 per cent plunge in net profits for the
      AFP,; Bloomberg  -  308 words
    • OTHER RESULTS
      • Article
        Lock icon Honda's Q4 earnings beat expectations
        143 15 Bloomberg [TOKYO] Honda Motor Co posted a better-than-expected fourth-quarter profit as rising sales in North America and a weaker yen offset slower European sales. Japan's No 2 automaker predicts profit will rise by a third to a record this year. The maker of Civic cars
        Bloomberg  -  143 words
      • Article
        Lock icon Nomura's annual profits top rivals' earnings
        148 15 Bloomberg [TOKYO] Nomura Securities Co, Japan's biggest brokerage, boosted its profit in the year to March, besting it rivals as it helped companies sell cross shareholdings. Profits at Nikko Securities Co and Daiwa Securities Group Inc fell as Japan's benchmark index tumbled to a
        Bloomberg  -  148 words
      • Article
        Lock icon Quanta Computer profits move up 67%
        106 15 Bloomberg [TAIPEI] Quanta Computer Inc, Taiwan's largest notebook computer maker, said first quarter profit rose 67 per cent from a year earlier, more than expected, as customers such as Dell Computer Corp made record orders. Net income in the three months through March was
        Bloomberg  -  106 words
      • Article
        Lock icon Daiwa Securities group profits fall 40%
        64 15 Reuters [TOKYO] Japan's second biggest brokerage house Daiwa Securities Group yesterday reported a near 40 per cent profit fall in the just-ended financial year, as a sluggish market took a toll. Daiwa's group net profit fell 38.7 per cent to 64.55 billion yen ($523.8
        Reuters  -  64 words
      • Article
        Lock icon Daiwa Bank raises loss forecast for year
        91 15 Bloomberg [TOKYO] Daiwa Bank Ltd increased its loss forecast for the year to March by a third, due to greater-than-expected declines in the value of stocks in other companies that it sold ahead of accounting rule changes. The Osaka-based bank said it expects
        Bloomberg  -  91 words
      • Article
        Lock icon Bayer profits dip 21%; mulls merger with rival
        88 15 Bloomberg [COLOGNE, Germany] Bayer AG Chief Executive Manfred Schneider said he would consider merging Germany's largest drugmaker with a rival after reporting that first-quarter profit dropped 21 per cent, more than analysts expected. Firstquarter net income fell to 442 million euros (*****
        Bloomberg  -  88 words
      • Article
        Lock icon Lufthansa's Q1 operating profits drop sharply
        128 15 Bloomberg [FRANKFURT] Lufthansa said its firstquarter operating profit dropped sharply, widely missing analysts expectations, due to increased fuel and Internet project expenses. Operating profit fell to five million euros in the three months through March, from 99 million euros in the same quarter a
        Bloomberg  -  128 words
    • Article
      Lock icon IPO offering by Nasdaq likely sometime early next year
      431 15 WASHINGTON Move will give the stock market capital it needs to improve Bloomberg THE Nasdaq Stock Market, whose technology companies soared then plunged in the last two years, plans to sell shares in itself sometime early next year at the earliest
      Bloomberg  -  431 words
    • Article, Illustration
      Lock icon Production fall hinders Koizumi's reform plans
      717 16  -  Reports of BOJ chief resigning also means he may lose a powerful ally in restructuring From. Anthony Rowley in Tokyo FURTHER grim news on Japan's economy yesterday underlined the dangers that newly elected Prime Minister Junichiro Koizumi faces if he sticks to his pledge
      REUTERS  -  717 words
    • Article, Illustration
      Lock icon Sino-US ties in for more trouble if Chen meets US politicians
      757 16 Taipei head wants to meet congressmen while he is in transit Reuters, AFP [BEIJING] Precarious USChina relations headed into further trouble yesterday with reports the Bush administration might let Taiwan's President Chen Shui-bian meet congressmen during a stopover in
      Reuters,; AFP  -  757 words
    • Article
      Lock icon Bush's Taiwan comments: policy blooper or policy blueprint?
      1002 16  -  Two conflicting interpretations sowing confusion in Washington and East Asia From Leon Hadar in Washington PRESIDENT George W Bush's comment during a television interview on Wednesday that the Chinese must understand that the United States would "do whatever it took" militarily to
      1,002 words
    • Article, Illustration
      Lock icon Jennifer Lopez launches her own fashion line
      368 16 Reuters [LOS ANGELES] Attention, women of the world who have problems finding casual wear to properly hug their curves, Jennifer Lopez wants to dress you in her favourite styles and make you look unashamedly sexy. "It's time for the world to wear my
      Reuters; AFP  -  368 words
Page thumbnail Page 16
Page thumbnail Page 17
  • FINANCE & commodities
    • Article
      Lock icon Futures up in tandem with cash market
      261 17  -  SOX Derivatives Trading Report 9TtadH^Baf|pmtate Wong Ann Chuen Refco (Singapore) Pte Ltd THE Singapore stock market yesterday rose on bargainhunting which targeted mainly computer-related and electronics issues. The STI rose 16.38 points, or 0.98 per cent, to settle at 1,686.45 points with 23
      261 words
    • Article
      Lock icon Futures track declines in stock market
      216 17  -  MSCI Tahnui Index Wong Ann Chuen Refco (Singapore) Pte Ltd THE Taiwan stock market sank amid a general sense of unease yesterday as Investors worried first-quarter corporate earnings would miss analysts' forecasts. The MSCI Taiwan Stock Index fell 4.97 points, or 2.02 per cent,
      216 words
    • Article
      Lock icon CURRENCY REPORT
      228 17 Reuters London THE yen fell more than half a per cent against the US dollar yesterday, undermined by further signs the Japanese economy was weakening rapidly and by official comments suggesting farther yen falls would be acceptable. While the euro rose to 21/2 week highs against the yen,
      Reuters  -  228 words
    • Article, Illustration
      Lock icon Untitled
      1239 17 nrrntBAgKcmogg rates A P r27 hi C$ tw> I— Fir Pi 11$ Wh trnUk Yan Won IM KZifith hw S$ Band Sir NT$ Bafct Pond US$ Australia 0.799 4.242 0.566 3.715 1108 3.987 23.*****.060 0.634 6.787 1.942 1237 ***** 26.005 0.930 4.092 0.871 16.832 23.344 0.354 0.511 Canada 1268 5.380
      1,239 words
    • Article
      Lock icon Untitled
      1865 17 noon riiTUiUBi Apr 2 RUBBER (futures cMtaq at 130»«) RSS1 C0NT1ACT(S ccots/k#) Cfc* Vita* Opto Month Hl» f Srtt (t**») Itomt May 01 ***** Jun 01 KK.00 106,00 106.50 200 Jul 01 ***** 250 Aug 01 107.25 250 RSS 3 CONTRACT (OS cMh/ty Op* Month High L— Srtt (towww) IwHrtst
      1,865 words
  • Page 17 Advertisements
Page thumbnail Page 18
  • STOCKS east asia
    • Article, Illustration
      Lock icon Hong Kong shares up 0.7%, led by gains in blue chips
      2870 18 HONG EOMG AFP O HmgSeng +9193 HONG Kong share prices rose 0.7 per cent yesterday led by gains in bluechip HSBC, Cheung Kong and Hutchison, dealers said. The key Hang Seng Index gained 92.93 points to close at 13,386.04
      AFP  -  2,870 words
    • Article
      Lock icon Tokyo stocks down ahead of holidays
      2050 18 TOKYO AFP □NiUMiag -38J1 TOKYO share prices edged down 0.3 per cent yesterday as investors took profits after a three-day winning streak, adjusting their positions ahead of a holidaystudded week, brokers said. Investors were stunned by the appointment of aged and inexperienced Masajuro Shiokawa
      AFP  -  2,050 words
    • Article, Illustration
      Lock icon CHINA
      1107 18 AFP Shenzhen B Index *4jt CHINA'S Shenzhen B Share Index gained 4.24 points, or 1.17 per cent, to 367.26 yesterday. Shanghai B shares closed 2.8 per cent lower as retail punters continued to cash ih on earlier gains ahead of a week-long holiday, dealers said. Mainland stock trading will
      AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,107 words
    • Article
      Lock icon TAIPEI
      359 18 AFP WP Index -***** TAIWAN share prices closed 1.9 per cent lower yesterday amid cautious sentiment ahead of first-quarter earnings results by semiconductor heavyweights, dealers said. The Weighted Price Index shed 102.06 points to 5,416.67, on turnover of NT544.64 billion. "Investors were generally sidelined ahead of Taiwan Semiconductor Manufacturing
      AFP  -  359 words
  • Page 18 Advertisements
Page thumbnail Page 19
  • STOCKS klse
    • Article
      Lock icon Untitled
      8979 19 INDUSTRIALS 1001 C TT m Day Nat Cap Hm> Law Campany Sale '000 High Law Wft $m* 340 290 Ajlnomoto 292 U 118.4 45 243 Angkese 27.5 -03 2 27.5 27.5 40.5 342 282 Apollo Food Hlg 306 uneh 1 306 306 6.7 122.4 356 266 Astern* 266 -7 273
      8,979 words
    • Article, Illustration
      Lock icon Mokhzani's move helps lift market
      372 19 AFP flOimporitehic +6JB MALAYSIAN shares closed one per cent higher yesterday partly on gains in stocks formerly held by the son of Prime Minister Mahathir Mohamad, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended up 5.98 points at 585.87, off a high 0f591.32.
      AFP  -  372 words
  • Page 19 Advertisements
Page thumbnail Page 20
  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      2588 20 BONDS &WARRAHTS Apr 27^ M Mi hmt bpbr U-«nt Urt M toy IjiWi il M Urn tar Hk Mta I— fpt Wh «er- im> U» -f M» W t—Dfcfc Mw AM tm+t u* 40 0.5 s Acma W*****4 0.5 0.5 1 410 1 300 539 94.00 3 22 2.5 S
      2,588 words
    • Article
      Lock icon SEOUL
      304 20 AFP POwnpoßite Intel -AM KOREAN stocks fell 0.9 per cent. The index closed down 4.99 points at 556.63. Volume came to 229.3 million shares worth 1.2 trillion won. —AFP Imzt Wm *h Anem Semi 4540 -20 Brain Tech 590 -20 Central Bank 170 unch ChetlComm ***** unch Dm Gu
      AFP  -  304 words
    • Article
      Lock icon MANILA
      288 20 AFP UCcmDOffltelndci -17i4 PHILIPPINE share prices fell 1.2 per cent yesterday due to fears of instability created by supporters of jailed former president Joseph Estrada. The index fell 17.14 points to close at 1,420.36. Volume turnover fell to 371 million shares. Value rose to 398.47 million pesos. —AFP hftZT
      AFP  -  288 words
    • Article
      Lock icon WELLINGTON
      268 20 AFP Q NZSE-40 +SJ6 NEW Zealand stocks were up 0.3 per cent yesterday despite popular stock The Warehouse announcing a poorer-than-ex-pected profit forecast. The NZSE-40 Index closed up 6.95 points at 2,103.95 on turnover of NZ$lll.6 million. Telecom gained seven cents to NZs6.sl.— AFP »r m rwi Advantage HOS
      AFP  -  268 words
    • Article
      Lock icon SYDNEY
      559 20 AFP Q All Ordinaries -1(180 AUSTRALIAN shares closed 0.5 per cent lower yesterday after key resource and banking stocks were offloaded by investors, brokers said. The All Ordinaries Index fell 16.60 points to 3,237.30 while the ASX 200 dropped 18.10 points to 3,293.90. The All Resources Index shed nearly
      AFP  -  559 words
    • Article, Illustration
      Lock icon BANGKOK
      746 20 AFP ff SET Index +007 THAI share prices closed virtually unchanged yesterday with profit-taking undermining earlier moderate gains in sluggish trade ahead of the weekend, analysts said. The Stock Exchange of Thailand (SET) Composite Index was up 0.07 point at 297.21 points while the blue chip SET 50 Index
      AFP  -  746 words
    • Article, Illustration
      Lock icon JAKARTA
      716 20 AFP nOmposite Intel *<122 INDONESIAN share prices closed 0.06 per cent higher yesterday on speculation that fears of violence between supporters and opponents of President Abdurrahman Wahid may have been overestimated, dealers said. Trading was active in blue-chips as well as companies that have issued their full-year 2000 results.
      AFP  -  716 words
  • Page 20 Advertisements
Page thumbnail Page 21
  • Article
    Lock icon STOCKS sgx
    7782 21 SOXMMHBOARP fir fir M 52-Wk Uct M Day IMQNk Mr Hv TW MM Cm lm§ NMi I—r Ciin»» M» W- r>W» W* Uw >»■ S*r Cw HI W Wa MULTHNOUSTRY 153 39.5 cAcmaSOc 47 cd unch 42 4S 46 46 47 0.5 19.9 0.5 12.4 Hi 46 41
    7,782 words
  • Page 21 Advertisements
Page thumbnail Page 22
  • SHAREHOLDER activism
    • Article, Illustration
      Lock icon We won't be bullied, we'll sue!
      1955 22  -  Asia's shareholder activism promises to make life more difficult for the Old Guard, says JUSTIN DOEBELE JUSTIN DOEBELE WORKING out of an office studded with time-zone clocks in Newton, Massachusetts, Stephen Davis has become an authority on corporate governance issues around the world. "Corporate
      1,955 words
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      77 22 Em SB Shareholder wishes to divest major holdings in company manufacturing metal working machines with global distribution network. Present turnover around Ss6 million with good prospects for growth and increased profitability. jgi Interested parties to contact the following for details: HI [rTmI p Lianhe Zaobao B IGIC Real Estate I
      77 words
Page thumbnail Page 23
  • Article
    Lock icon THE PROGRAMME
    665 23  -  Compiled by, Aaron Lye MUSIC An Evening WHh Mozart Featuring British conductor Nicholas Cleobury of the Britten Sinfonia, this performance features the two works during Mozart's last year, La Clemenza di Tito and Symphony No 40. Apr 28,8.15pm (with pre-concert talk at 7.15pm), Victoria Concert Hall. Tickets priced
    665 words
  • Art beat
    • Article, Illustration
      Lock icon So shoe me
      242 23 A bite-sized roundup of the weekly arts scene NEWS FANS of the London-based shoe designer Jimmy Choo should take the opportunity to catch An Occasional Orchid—the award-winning gender-bender play by Ivan Heng and Chowee Leow. Besides Leow's glamorous costumes, the supporting stars of the show are 50
      242 words
    • Article, Illustration
      Lock icon Daddy dearest
      159 23 PREVIEW Indian ballet isn't exactly something that you see everyday in Singapore, but one arts group is bringing in exactly that. Choreographed by award-winning Kathak dance maestro Pandit Charan Girdhar Chand, Dhola Maaru is a ballet performance celebrating the New Millennium Rajasthan Festival. With a team of sixty
      159 words
  • Article, Illustration
    Lock icon SPOTLIGHT
    138 23 The buzz: Sheketak, a highly energetic and electrifying performance of music, dance and percussion by a group of five Israeli performers. Plot and players: Sponsored by the NUS Center for the Arts and the Embassy of Israel, the performance was created by Zahi Patish and Danny Rachom, both recipients
    138 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      708 23 The Business Times, Saturday, April 28,2001 ft II it #30 News 5 Tonight. 830 Berita. 1230 AM Videofashion! The 10.00 J.A.G. 830 Jejak Jenayah. Designers. 8-00 AM Kids Central: The ilOO Jack And Jill. 830 Villa Saujana. LOO Headlines. Wiggles. 12.00 MN VHl Pop Up Vi- 10.00 Filem Sensasi: Pende-
      708 words
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 2
      320 23 CRYPTIC CROSSWORD ACROSS flourishing (9) 1 Its food has calcium and iron (4) 3 Chat about the crazy woodcut--3 Was bound to be done (3) jf'y) 5 Angry murmur from physician 4 apphedto circumscribed by regulation (6) rfcn rts a murder t0 8 v C SS S r ytoproteC, ne
      320 words
Page thumbnail Page 24
  • New Asia Biz Woman
    • Article, Illustration
      Lock icon Nature transformed
      866 24  -  Nancy Chu Woo melds Chinese brushpainting, pop art and Impressionist style on rice paper to create exuberant and ethereal pieces, vemka purushothoman meets the China-born, US-trained and Hongkong-based artist VENKA PURUSHOTHOMAN THE latest offering in the gallery scene is the exuberant yet ethereal works of Nancy Chu Woo.
      CHRIS LOH  -  866 words
  • The Arts
    • Article, Illustration
      Lock icon An equal opportunity production
      812 24  -  What happens when an American conductor descends on Peking opera? elaxme puah finds out ELAINE PUAH TO any Singaporean, Kenneth Kiesler appears to be just another American passing through our sunny shores. In actual fact, he is an accomplished conductor who has flown into Singapore specially
      RICHARD CHNG  -  812 words
    • Article, Illustration
      Lock icon The darker side of human nature
      680 24  -  Private Eyes tackles primal emotion in a black comedy about suspicions spouses Byl Aaron Lye "LIE to everyone but me." Certainly a cryptic line, and one that's been popping up quite frequently in a series of press releases recently sent out by local theatre
      680 words
    • Article, Illustration
      Lock icon From Baroque to rock
      818 25  -  COUNTDOWN TO ARTS FEST John gee introduces the Singapore Arts Festival music schedule, a programme that's chock full of offerings both moving and amusing JOHN GEE SOME advice about the Singapore Arts Festival for music lovers: By all means, take the beaten path, but make up
      818 words
    • Article, Illustration
      Lock icon In the beginning, there was light... and sound
      502 25  -  Music took on new meaning in John Sharpley's Elements ByK Cheah Ui-Hoon IT was a bit difficult to get a mental picture of independent composer John Sharpley's new work at first The Elements described as an ensemble work for music, movement and
      PHOTO BY CHAN HON ONN  -  502 words
    • Article, Illustration
      Lock icon Confucius say, play on!
      619 25 The Singapore Chinese Orchestra presents a tribute to the sage, while the SSO performs Verdi's Requiem SINGAPORE'S main musical input to this year's festival is provided by the Singapore Symphony Orchestra (SSO) and Singapore Chinese Orchestra (SCO). By coincidence, each of them honours a man who
      619 words
    • Article, Illustration
      Lock icon A film-filled fortnight to remember
      893 25  -  SINGAPORE INTERNATIONAL FILM FESTIVAL2OOI By 8 Susan Tsang THE 14th Singapore International Film Festival draws to a close tonight, with Eureka, marking the end of 17 hectic, exhausting, and ultimately exhilarating days. Some film buffs confess that the festival is among their most keenly anticipated
      893 words
    • Article, Illustration
      Lock icon Petito's choice
      1837 26  -  Tony Petito, father of the Singapore Repertory Theatre, tells PARVATHINAYAR how the SRT has come of age, and why the proud parent is cutting apron strings and leaving town for good PARVATHI NAYAR ithout J J passion, there WM are no dreams. Hi Without K dreams, there no
      RICHARD CHNG  -  1,837 words
Page thumbnail Page 25
Page thumbnail Page 26