The Business Times, 19 May 2001

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    16 1 THE BUSINESS TIMES MITA (P}lD2tta£QQl SINGA P ORE Internet: http://business-times.asial .com.sg/ SATURDAY, MAY 19, 2001 850
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  • Article
    Lock icon MARKET SUMMARY
    82 1 STI MC2J4 (-19.33) «0J» (-7.99) nST INDEX FUTURES A« MMLOO (-16.00) SHSCI rtrruiiES ***** (-0.80) stock market indices Friday Change KLSE COMP 567.66 -7J6 NIKKEI 225 13,877.77 -52 JO HANG SENG 13,459.18 -178.69 SET INDEX 309.64 -034 JAKARTA COMP 376.80 +0.10 MANILA COMP _1.448.62 -4.41 TAIPEI WPI 5,111.67
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  • Article
    Lock icon FINANCE
    80 1 FOREX BATES US8 S$ USS (SS per USS) 1.806 £(USS/SS per 1.428 2J80 EURO(USS/SS/E) 0.880 1J90 DM 2.221 1.230 YEN 123J 68.30 RM 3.800 2.104 HKS 7.800 4J18 BAHT 45.44 25.1o RUPIAH 11,385 6,303 *S$ to 100 units PRIME RATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK 9.50
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  • Article
    Lock icon Big slump in growth momentum in Q1
    867 1  -  MTI doesn't rule out a technical' recession, others say it's unlikely By. Anna Teo [SINGAPORE] Downside economic risks have risen in recent months, the Ministry of Trade Industry said yesterday, as the correction in the global electronics industry has begun to bite. Singapore's
    867 words
  • Article, Illustration
    Lock icon Technopreneur suspended over alleged fake claims
    1282 1  -  -iiexclusive BT probe nnearths outright denials of claims that he won international awards From Jennifer Lien in Silicon Valley AT the ripe young age of 29, he claimed to be one of the world's leading artificial-in-telligence researchers, winning awards and fellowships from the Massachusetts
    BT, Nov 26,2000  -  1,282 words
  • Article
    Lock icon World tired of growing unilateralism on the part of US, says SM Lee
    622 1  -  Dumping of US from UN bodies shows people feel that enough is enough By\ Eugene Low [SINGAPORE] The world is tired of being told what to do by the US and has reacted to its growing unilateralism
    622 words
  • Article
    Lock icon SIA,with $1.5b profit, to give back 50c per share
    772 1  -  Airline surprises with $609 m capital reduction proposal By' Conrad Raj [SINGAPORE] Singapore Airlines sprang a pleasant surprise on shareholders yesterday. Announcing a 33 per cent rise in ftdl-yearnet earnings to a record $1.55 billion, the airline said it will return
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Way to go, finatiQ!
        143 2 TO celebrate being voted Singapore's top e-bank for 2001, finatiQ has slashed the front-end fee for unit trusts from 2.5 per cent to 1.5 per cent. This is on top of an existing promotion that gives customers a one per cent discount by way of a
        143 words
      • Article
        Lock icon Nobody to spare
        86 2 STAFF at a leading local bank are grumbling about cost-cutting policies. An insider told BT that instead of cutting back on directors' payouts and expensive consultancy studies, the chief executive and his cohort are demanding cuts in recruitment. Departments which insist they need more staff have been
        86 words
      • Article
        Lock icon Osama-Built Lodgings
        73 2 "VISIT exotic places, meet exotic people—then bomb them. And while you plan your villainy, stay at a five-star hotel." That's the tagline that terrorist Osama Bin Laden wanted by the US for the bombing of its embassies in Africa could use. According to wire reports, the Bin Laden
        73 words
    • Article, Illustration
      Lock icon Hyper-inflation fears for Indonesia
      726 2  -  Continued depreciation of the rnpi&h would be disastrous From Shoeb Kagda in Jakarta INDONESIA'S already fragile economy could be heading for another severe crisis that could plunge the country into a hyper-inflationary environment for years to come, several top economists have warned. Noting that the current
      AFP  -  726 words
    • Article
      Lock icon Alcatel in talks to buy Lucent for US$40b
      388 2 Executives say talks are at a crucial stage and the chances of a deal are 50-50 NYT, Bloomberg ALCATEL of France, the telecoms equipment maker, is in advanced talks to buy Lucent Technologies for slightly more than US$4O billion (Ss72 billion), almost
      NYT,; Bloomberg  -  388 words
    • Article
      Lock icon Statement by Thomas Choong, CEO, elipva Ltd
      133 2 elipva was made aware of the allegations regarding the credentials ofone of our executives on May 16,2001. We have taken immediate steps to conduct a thorough investigation and in the meantime have removed the information in question from public circulation. The executive in
      133 words
    • Article
      Lock icon Statement by Singapore Technologies Telemedia
      81 2 ST Telemedia was made aware of the allegations regarding the credentials of an elipva executive on 17 May 2001. The senior management ofelipva were proactive in contacting us as a shareholder. We have been informed that they have appointed an external legal counsel to advise
      81 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      42 2 f Take a clear vision, 1 some guts, a bit of verve, lots of spunk, loads of stamina. Mix. stir and behold an enterprise in a class of its own J i' Nominations for the 2001 Enterprise 50 awards are now open
      42 words
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  • ECONOMIC survey
    • Article, Illustration
      Lock icon A year of misaligned stars
      711 3  -  hiri comment ECONOMICS With the three main locomotives' driving the Singapore economy spattering, It's high time that a fourth and fifth were added vikram khanna S S 2001, the stars are misaligned," said MTI's chief economist, Tan Kong Yam, yesterday. He was talking about the
      711 words
    • Article
      Lock icon Q1 manufacturing output growth slows sharply
      574 3  -  Loss of growth momentum is the biggest ever recorded By< Chuang Peck Ming REFLECTING the rapid fall in global demand for electronic chips, the pace of growth in manufacturing output slowed sharply to 2.3 per cent in the first quarter down from 19 per
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    • IN Brief
      • Article
        Lock icon Nominal GDP up 6% in Q1 to $39.3b
        52 3 NOMINAL gross domestic product—or GDP at current market prices—grew 6 per cent in the first quarter to $39.3 billion. That's half last year's 11.9 per cent nominal growth pace. Real GDP, on the other hand, grew 4.5 per cent in Q1 to
        52 words
      • Article
        Lock icon CLI down for 3rd straight quarter
        97 3 THE composite leading index, which tracks economic activity about three quarters ahead, slid for a third straight quarter in Ql. It fell 1.6 per cent over Q4 last year. Of its nine components, seven fell. Only two items —money supply and the inverted CPF
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      • Article
        Lock icon Consumer spending growth slows
        74 3 PRIVATE consumption expenditure grew a slower 7.2 per cent in Ql, down from an average 9.4 per cent last year. Consumer spending was driven mainly by motor vehicle purchases. Singaporeans' overseas spending grew strongly, while foreigners' local expenditure fell, in line with the slowdown in visitor
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      • Article
        Lock icon Economy adds 20,800 new jobs in Q1
        53 3 DESPITE the sharp slowdown in Ql, the economy added some 20,800 jobs. The services sectors were the main contributors to the employment growth, while the goods industries lost I,9oojobs. The business service sectors added 10,500 jobs. Hotels and restaurants, however, saw a seasonal
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      • Article
        Lock icon Balance of payments surplus at $979m
        49 3 THE overall balance of payments surplus came in at $979 million in Ql, lower than the Q4 2000 balance of |3.8 billion. The surplus contributed to the rise in official foreign reserves in Ql to $140 billion, or 7.1 months of current imports.
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    • Article, Illustration
      Lock icon Sudden plunge
      134 3 Sectoral breakdown Manufacturing Employment -800 Jobs Productivity -3^% GDP deflator 1.3% Electronics 1.1% Chemicals -1.1% Investments $3£b Construction Employment -800 Jobs Productivity .0.7% GDP deflator Contracts -36.0% Certified payments -3.2% Financial services Employment +1,500 Jobs Productivity -5.1% GDP deflator -241% Bank loans 7.1% Money supply Ml 8.1% HP
      Source: MTI  -  134 words
    • Article
      Lock icon Slower productivity gains over past 15 years
      520 3  -  By] Eugene Low A DECLINE in the productivity gains of the services sector is the chief rea-. son for Singapore's slowing productivity growth over the past 15 years, a study by the Ministry of Trade and Industry (MTI) shows. Between 1995 and 2000,
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    • Article
      Lock icon Homes were 63% overvalued in '96: MTI
      433 3  -  By Rachel Ong IF you had bought property in 1996, -you probably paid 63 per cent more than you should have. But the speculative property market bubble was even bigger in 1981, when prices were over-valued by 85 per cent, according to a
      433 words
    • Article
      Lock icon Make China new engine of growth, companies told
      423 3  -  Byi Chuang Peck Ming SINGAPORE should look beyond the current economic gloom and view China as another major source of growth, a senior official at the Ministry of Trade and Industry said yesterday. "There ought to be a fourth engine of growth
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  • SM LEE interview
    • Article, Illustration
      Lock icon SM Lee on future global threats
      2937 4 Senior Minister Lee Kuan Yew was interviewed on May 11 by UPI International's editor-at-large, Arnaud de Borchgrave. We reproduce below extracts of the interview UPI China, Taiwan and the US de Borchgrave: On Taiwan, which President Bush said the US would defend by any
      UPI  -  2,937 words
    • Article, Illustration
      Lock icon Nationalism cuts both ways: SM
      924 4 SM Lee's office yesterday released additional questions from UPI and his written answers. Here are extracts: Q: US alliances with Japan, Korea and Australia, security arrangements with Singapore, Thailand and the Philippines, and commitments to Taiwan, all have given China the conviction that it is
      FILE PHOTO  -  924 words
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      1626 5 sia EnGinEERinG comPAny liitiited (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of SIA Engineering Company Limited wishes to make the following announcement:1 AUDITED RESULTS FOR THE YEAR ENDED 31 MARCH 2001 THE GROUP THE COMPANY 2000-01 1999-2000 Change 2000-01 1999-2000 Change S$M S$M S$M S$M Revenue
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Kim Eng shares fall 9% on news of Yuanta deal
      720 5  -  Hard to value deal and nothing for minority owners, say observers By Serena Ng THE price of Kim Eng Holdings shares fell nearly 9 per cent yesterday following news of its proposed tie-up with Taiwan's Yuanta-Core Pacific Securities. The stock
      FILE PHOTO; Source: Reuters  -  720 words
    • Article
      Lock icon CyberWorks must find that new CEO.. fast!
      554 5  -  lock siew loh hui yin PINALLY, it looks like Richard Li is going to do something right for long-suffering shareholders of his Pacific Century CyberWorks. Mr Li has said he might relinquish his post of chief executive of the company next year, but
      554 words
    • Article, Illustration
      Lock icon SIA units' gains down 33.5% at $314m
      525 7  -  SIAEC profit up fivefold at $*****, Sats earnings up 15-fold at $194 m By Beth Jinks DESPITE an overall operating profit increase of $38 million, the after-tax profit of SIA Group subsidiaries fell $158 million for the year to March 31. The 33.5
      FILE PHOTO  -  525 words
    • Article
      Lock icon Avimo blames profit fall on costs, taxes
      214 7  -  By Janice Lee DEFENCE contractor Avimo has reported an 11.5 per cent fall in net operating profit for the six months ended March 31 2001 to $14.5 million. It gave three main reasons: exceptional costs of $2.3 million associated with the takeover by
      214 words
    • Article, Illustration
      Lock icon Kim Eng doubts liquidity of DBS preference shares
      458 8  -  Problem too of valuation as there are no comparable instruments currently trading By] R Sivanithy SMALL investors should think carefully before buying into DBS' $1.1 billion preference share issue, says local broker Kim Eng Securities. The shares seem attractive at first glance,
      FILE PHOTO  -  458 words
    • Article, Illustration
      Lock icon APP secures another debt reprieve
      437 8 Court orders stay on proceeding* for BEA-Paper Box case Bloomberg Reuters, DEBT-RIDDEN Asia Pulp Paper got another reprieve yesterday from Singapore's High Court, warding off a line of creditors, but also faced a fresh lawsuit that could signal still more to come. The High Court
      Bloomberg; Reuters,; FILE PHOTO  -  437 words
    • Article
      Lock icon CSA turns in net profit of $17.3m
      291 8 Results are slightly better than market expectations CSA Holdings yesterday reported net profit of $17.3 million for the financial year ended March, slightly better than market estimates. Turnover came to $709 million and earnings per share works out to 13 cents. There were
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    • COMPANY Briefs
      • Article
        Lock icon i-One.Net exec director quits
        53 8 PRINTING and Internet firm i-One.Net International yesterday announced the resignation of Chng Lai Hoon as an executive director with effect from tomorrow. The company said Ms Chng is taking a break from full-time work to complete post-graduate studies. Her duties will be assumed by executive director
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      • Article
        Lock icon Profit warning from First Engg
        83 8 FIRST Engineering has issued a profit warning. It said yesterday the sudden global economic slowdown in the final quarter of FY 2001 meant second half turnover growth was lower than anticipated. This resulted in a lower group profit than in the first half. The group
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      321 6 Stock* Votow Enzer 29,593,000 TPVUSlc 20,447,000 SingTel 15c 16,034,000 AddvaUech 2.5c 14,526,000 Goldtron 5c 13,813,000 North 22 USlc 9,902,000 People s Food HGK 50c 8,270,000 NOL 8,186,000 Roly IntUSlOc 8,134,000 Strike Engg 5c 6,406,000 Stocks SIA 43,532,004 DBSGrp 35,410,245 SingTel 15c 27,919,053 Datacraft 10c 27,559,207 City Dev 50c 14,981,062 ST
      321 words
    • Article, Illustration
      Lock icon Weak economic data, fall in Nasdaq futures hit sentiment
      615 6  -  l-l i comment STOCKS r. sivanithy THURSDAY'S recovery in the broad market proved to be nothing more than a flash in the pan as prices dropped yesterday following release of a gloomy economic report card. The only discernible theme other than
      615 words
    • Article, Illustration
      Lock icon CSC: 4-cent gap may tilt decision
      166 6  -  WARRANT WATCH By! R Sivanithy PENNY warrants are still languishing, with poor valuations and low liquidity. The latter is probably a more significant factor —if retail participation was greater, it would be a fair bet that many penny warrants would not sell for prices
      166 words
    • Article, Illustration
      Lock icon Further downside limited for SIA
      245 6  -  HOT STOCK By Ven Sreenivasan THERE was nervous trading in Singapore Airlines shares yesterday ahead of the release of the company's results for the financial year to March 31. Much of the fear centred on concern that the weighting of stock, which has a relatively
      245 words
    • Article, Illustration
      Lock icon Regionals: next move rests on Nasdaq; yen, euro
      537 6  -  I :j I comment CURRENCIES Trio's performance at key levels may dictate direction of Asian currencies larry wee DESPITE a valiant recovery this week, the next big move by Asian currencies may well depend on Nasdaq, the Japanese yen and, to a
      Source: Reuters  -  537 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2865 6 UNIT TRUSTS FUNDS Manager's prices (Ss)May 19 Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNC Fd 0.790 0.830 Global Technology Fd!** 0.708 0.744 UK Blue Chip Fd!** 0.802 0.843 American Opport Fd 0.880 0.925 Cont Euro Eqty Fd!** 1.115 1.172 Japan Eqty Fd!** 1.270 1.334 Asian Fixed Income
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      2655 7 SinGAPORE AIRLinES LimiTED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Singapore Airlines Limited wishes to make the fctfowing announcement:1. AUDITED RESULTS FOR THE YEAR ENDED 31 MARCH 2001 THE GROUP THE COMPANY *****)1 1900-00 Change 2000-01 1900-00 Change SIM SIM S$M SSM 9,951.3 9,018.8 10.3
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      1349 8 SATS^y (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Singapore Airport Terminal Services Limited wishes to make the following announcement:1 AUDITED RESULTS FOR THE YEAR ENDED 31 MARCH 2001 JHE QR()up THE COMPA^y 2000-01 1999-00 Change 2000-01 1999-00 Change S$M S$M S$M S$M Revenue 887.2 790.2
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  • SINGAPORE news
    • Article
      Lock icon SingTel unit C2C in US$100m dispute with 360 Pacific
      418 9  -  360 networks unit failed to make instalment payments: Sing Tel By' Teh Hooi Ling A SINGAPORE Telecommunications subsidiary that builds and operates undersea cable systems is in dispute with a customer over an unpaid US$lOO million. 360 Pacific, a subsidiary of
      418 words
    • Article
      Lock icon US-S'pore FTA talks: 3rd round in S'pore
      208 9  -  Talks next week to centre on issues such as trade in goods and services, e-commerce By Trina Foo THE United States and Singapore will hold their third round of talks on a Free Trade Agreement here next week, the Ministry of Trade and
      208 words
    • Article
      Lock icon LAM Research Corp opens new S'pore office, training centre
      240 9 LAM Research Corporation (LAM), a wafer fabrication equipment supplier, yesterday opened a combined sales office and training centre in Singapore. Spread over more than 20,000 sq ft, the facility houses sales offices, training rooms and a training lab to support the
      240 words
    • Article
      Lock icon New addition to MBA course
      204 9 THE Charles Massingham Consulting (CMC) Group yesterday added a new module to its Executive MBA course in International Marketing. The module, "Marketing In the New Economy", aims to bring executives up to date on existing and emerging business practices. In conjunction with the launch of
      204 words
    • Article, Illustration
      Lock icon MTI still reviewing industrial land sales programme
      456 9  -  Details of this year's programme were due last month By\ Kalpana Rashiwala THE Ministry of Trade and Industry (MTI) is still reviewing this year's industrial land sales programme details of which were supposed to be out last month. "We will announce the details
      FILE PHOTO  -  456 words
    • Article
      Lock icon Correction
      46 9 In yesterday's article, "Basic banking services? Not fair: foreign banks", we described NTUC Fair Price as a govern-ment-run supermarket. NTUC Fair Price is a cooperative set up by the labour movement. The government has no hand in its operations. We are sorry for the error.
      46 words
    • Article
      Lock icon BT makes it seem like nothing's going right in the property market
      256 9  -  MAILPm Ho Kuan Seng Singapore I REFER to the letter "BT reports on property too pessimistic" by Ng Say Weng (Mailbag, May 8). Comparing BT's property reports to those of The Straits Times, one is forced to conclude
      256 words
    • Article, Illustration
      Lock icon RTC groups'actions a refreshing change
      166 9  -  Vincent Tan Chee Kian Singapore I WRITE in support of the few groups seeking solutions to their Raffles Town Club's dilemma. Their actions are a refreshing change, after the usual whining and complaining ways of Singaporeans. I am sure people are sick and tired of
      FILE PHOTO  -  166 words
    • Article
      Lock icon Better to return City e-Solutions'cash to shareholders
      197 9  -  Lim Chee San Singapore I REFER to your article "City e-Solutions to focus on US market" by Andrea Tan (BT, May 10). The minority shareholders of the company will be very grateful if the venerable Kwek Leng Beng, the company's chairman, could explain
      197 words
    • Article
      Lock icon Just not enough checks and balances
      102 9  -  Andy Ng Kar Fatt Singapore THE recent controversy about the high fees paid to directors of listed companies, especially those that made little profits, showed one point: There is simply not enough checks and balances in our listed-company corporate governance system. This can be
      102 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      67 9 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 bear in
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      27 9 [ttToal Lianhe Zaobao m I China's TCL I I to make a name I I for tself in I < H| a < pi. ■-■dfr P BK IffSTCL I
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      2811 10 mm HONG LEONG FINANCE LIMITED x?&Bßr£y an d Subsidiaries (Incorporated in the Republic of Singapore) J BALANCE SHEETS AS AT 31 DECEMBER 2000 The Group Tho Company The Group The Company 2000 1999 2000 1999 2000 1999 2000 1999 Note $'000 $'000 $*000 $'000 Note $'000 $'000 $'000 $'000 SHARE
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      2724 11 (Hfe HONG LEONG FINANCE LIMITED llland Subsidiaries *I*llll' (Incorporated in the Republic of Singapore) 10. FIXED ASSETS (cont'd) 17. OTHER DEBTORS, DEPOSITS ANO PREPAYMENTS 6. DEPOSITS AND SAVINGS ACCOUNTS Th# Group""* Company Tb« Group The Company These Include deposits placed by related corporations amounting to $78,145,000 (1999: $179,064,000) fof the
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      2867 12 SINGAPORE FINANCE LIMITED and Subsidiaries (Incorporated in the Republic of Singapore) Balance Sheets As At 31 December 2000 The Group The Company The Group Th* Company Note 2000 1999 2000 1999 Note 2000 1999 2000 1999 $'000 $'000 $*000 $'000 $'000 000 $000 $'000 Share Capital Authorised: 300,000,000 shares of
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  • MAIL bag
    • Article, Illustration
      Lock icon Shareholders don't deserve to be'roasted'
      550 13  -  Narayana Narayana Singapore I REFER to your article "Shareholders take issue with directors' pay" by Siow Li Sen (BT, May 15). You carry the somewhat cynical comment that this "probably has to do with the plunge in stock prices. If this was a bull market,
      FILE PHOTO  -  550 words
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      1931 13 fa SINGAPORE FINANCE LIMITED and Subsidiaries (Incorporated in the Republic of Singapore) 11 n»«rt Hml« (rnnfrl) 18. Loam, Advances And Reciivsbln 19. Profit Before Taxation (Cont'd) The Group Tha Company < AcciniJrtirt PapwdHow > DapradHon Tha Qroup aM Tha Company 2000 1099 2000 1999 At Charge Aland Charge 2000 1999
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  • MOTORING
    • Article, Illustration
      Lock icon A Passat, perchance?
      817 14  -  If you're tired of the usual executive choices, Christopher ta* recommends you consider a revamped VW CHRISTOPHER TAN IF you had to pick the brand of car you think has improved the most in the past 10 years, which would you choose? Sounds tricky, doesn't it? But
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    • Article, Illustration
      Lock icon Streaming exercise
      1005 14  -  The midi-MPV is the flavour of the month and Honda, ever fashionable, is top of the class Byi Christopher Tan FIRST and foremost, squeezing seven people into a sedan-size vehicle is not a miracle. Mitsubishi did it with great success 20 years ago with the humble Spacewagon. Local
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    • BUMPER to BUMPER
      • Article
        Lock icon Most powerful passenger diesel engine
        182 15 VOLKSWAGEN has unveiled an engine that will be used for its luxury D-class limousine as well as its planned sport-utility vehicle. The VlO direct-injection turbo-diesel, presented this week to mark the 25th anniversary of VW's foray into diesel engines, is the most powerful passenger unit
        182 words
      • Article
        Lock icon Chariots recalled over fuel tank fault
        135 15 MITSUBISHI has initiated another recall, this time on the Chariot MPV. A total of 1,811 Chariots sold by Cycle Carriage here (or practically all of the Chariots it sold) will be recalled for their fuel tanks to be replaced. The tanks are suspected of
        135 words
      • Article
        Lock icon Govt help for car industry still needed
        127 15 MOTOR analyst Graeme Maxton, of international consultancy autopolis, said 65 per cent of the Asia-Pacific's vehicle and vehicle component industry would collapse if government protection in the various countries was removed all at once. Mr Maxton, one of the industry's more bearish observers,
        127 words
      • Article, Illustration
        Lock icon Vintage racers to ride again
        164 15 AFTER more than 60 years, two Auto Union racing cars will again be seen on the legendary Donington Park race track in the Midlands of Britain. Today and tomorrow, a two-day historical festival is taking place on the occasion of the Richard Seaman Memorial Trophy
        164 words
      • Article
        Lock icon Honda to buy Isuzu engines
        83 15 HONDA will buy 1.7-litre diesel engines made at Isuzu's Polish plant for use in its Civic model to be marketed in Europe, according to AFX-Asia. The company said purchases would start from November at a rate of 5,000 per year, continuing until end-March 2002, when
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      • Article
        Lock icon Toyota H2 profits up 52% at 312b yen
        126 15 TOYOTA Motor's second-half profit has risen a better-than-expected 52 per cent and it foresees a fourth year of record sales, led by US demand for its light trucks. Net income rose to 311.7 billion yen (554.5 billion) for the six months to
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      • Article
        Lock icon BMW expects 9% rise in global sales
        105 15 GERMAN luxury car maker BMW expects its global sales to rise 9 per cent by the end of this month, according to Reuters. The group sold 344,400 vehicles in the first five months of last year. Chief executive Joachim Milberg also said in
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      • Article
        Lock icon Poll names Audi 2 as top city car
        88 15 FROM a recent poll of more than 215,000 readers of German car magazine Auto Zeitung and 50 automotive journalists, the Audi A 2 emerged as the top city car. Its lightweight aluminium body gives it extraordinary urban consumption, and its clever packaging
        88 words
      • Article
        Lock icon SMRT Corp rolls into DBS-50 index
        69 15  -  Compiled by Christopher Tan RAIL operator SMRT Corp will replace motor-based Sime Singapore as a component stock of the DBS-50 index from May 21, DBS Group said. Sime Singapore was delisted last month after its parent, Sime Darby, bought out the company's minority shareholders.
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    • Article, Illustration
      Lock icon The elusive Ford
      775 15  -  The Escape is a bit of this and a bit of that But mainly, it's a Mazda Tribute. Christopher tan drives the cross-dressing cross-country runner CHRISTOPHER TAN WAY, way before David Copperfield, there was Harry Houdini, a great escapologist and magician who astounded the world in the
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    • Article, Illustration
      Lock icon Why not study HK's efficient taxi system?
      298 15  -  Zheng Beoguang Singapore I REFER to the letter "If HK can lick taxi woes, why can't S'pore?" by Philip Lee (Wheel Matters, May 12). Besides the problems Mr Lee and others have raised about Singapore's taxi situation, there are deficiencies in the following
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    • Article
      Lock icon Shell's service isn't better
      104 15  -  Boo Mui Sheng Singapore I REFER to the letter by Albert Tan of Shell (Wheel Matters, May 12). I do not agree with Mr Tan's claim that Shell stations have a better range of products and services. I always have a problem trying to buy motorcycle
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    • Article
      Lock icon LTA clarifies bidding period for COEs
      240 15  -  Han Liang Yuan (Ms) Acting Senior Manager Corporate Communications Land Transport Authority WE refer to the letter "Questions on June COE bid date" by Richard Chee Chye Huat (Wheel Matters, May 12). Currently, the tender exercise for certificates of entitlement (COEs) opens and closes
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    • Article
      Lock icon Fix ATM glitches in COE bidding
      128 15  -  Andre Yeo Singapore I REFER to the letter by Richard Chye Chee Huat on "Questions on June COE bid date" (Wheel Matters, May 12). I faced the same predicament when I tried to make a bid on May 4 around 9.30pm at a UOB
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    • Article
      Lock icon COE windfall for distributors
      110 15  -  Russell Tan Singapore THE recent plunge in the Category A COE to $101 must have made car distributors very happy, especially those who had sold their customers cars "packaged" with certificates. I bought a car that very month and found myself pay- ing something like $11,000
      110 words
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      87 15 i If you have something $100 worth of I motor-related to get off vouchers. Prizes are your chest, write to us. KM"! sponsored by; We welcome feedback v.... f STAMFORD TYRES. and suggestions from Flt' vl„ Singapore's only readers. listed tyre and auto j The AUTOMOBILE services group. ASSOCIATION OF
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  • REGIONAL news
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      Lock icon Maxis team in town to meet SingTel: report
      469 16  -  Talks centre on Sing Tel baying stake in Maxis: MBT From] Eddie Toh in Kuala Lumpur MALAYSIAN tycoon Ananda Krishnan's Maxis Communications has sent a high-level team to Singapore to meet representatives of Singapore Telecommunications Ltd, according to a report yesterday. Malaysia
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    • Article
      Lock icon Boardroom role for Punch Gunalan
      254 16  -  Ull exclusive Maiden directorship of listed firm for former champion From Eddie Toh in Kuala Lumpur MALAYSIAN badminton legend Punch Gunalan is all set to step out onto a new court. He has been named an in- dependent non-executive director of Sitt Tatt Bhd his
      254 words
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      Lock icon EON Bank in talks to buy stock brokerages
      573 16 KUALA LUMPUR Also in its fature plans: acquiring an insurance firm and listing on the ELSE Reuters MALAYSIA'S EON Bank Bhd said yesterday it is in talks to buy up to two stock brokerages and is considering adding an insurance firm to
      Reuters  -  573 words
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      Lock icon When the Net is more pain than gain
      1090 16  -  WRITER'S JOURNAL For gome small businessmen, theme off IT has merely opened a can of worms karim raslan THE Internet boom has come and gone. Attention has since shifted to the new El Dorado bio-technology which means that in Asia at least
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      Lock icon No plan to dissolve Parliament: Gus Dur
      398 16 JAKARTA Reuters, Bloomberg INDONESIAN President Abdurrahman Wahid insisted yesterday he had no intention of dissolving Parliament even though legislators are dragging him closer to impeachment. But, addressing Muslim worshippers at a mosque in Jakarta and citing the Constitution, he once again challenged the
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    • NOTE Book
      • Article
        Lock icon Japan's ANA to restart KL flights
        71 16 Reuters [KUALA LUMPUR] Malaysia Airports Holdings Bhd (MAB) yesterday said Japan's All Nippon Airways would restart flights to Malaysia on July 23. An MAB statement said ANA would fly from Narita, Japan, to Kuala Lumpur three times a week via Bangkok using a 274-seater
        Reuters  -  71 words
      • Article
        Lock icon ABN Amro lays off 17 Manila staff
        75 16 Bloomberg [MANILA] ABN Amro Holding said it fired 17 securities staff in Manila last month, including its chief operating officer and a research analyst, amid a slowdown in trading in one of Asia's poorest performing markets. The layoffs are part of cutbacks at
        Bloomberg  -  75 words
      • Article
        Lock icon China Merchants Bank plans big IPO
        95 16 FT [BEIJING] China Merchants Bank, the national leader in Internet banking, plans to raise around 10 billion renminbi (552.2 billion) in China's largest ever domestic share issue to fund expansion and establish a presence abroad. The initial public offering, scheduled for the fourth quarter
        FT  -  95 words
    • Article, Illustration
      Lock icon Jardine Matheson quashes minority shareholder revolt
      700 17  -  Resolutions by Brandes, allies get only 13% support From l Quak Hiang Whai in Hong Kong THE controlling Keswick family of Jardine Matheson Holdings quelled a revolt led by several minority shareholders at the company's annual general meeting on Thursday after a weaker than
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    • Article
      Lock icon Banks cut interest rates for fifth time this year
      371 17 HONGKONG Global growth fears will limit positive impact, say analysts Reuters HONG KONG banks slashed interest rates yesterday for the fifth time this year, but analysts said any positive impact would be limited in the near term given global growth fears.
      Reuters  -  371 words
    • Article
      Lock icon HK orders mass poultry slaughter
      436 17  -  Bird fin outbreak; Um birds to be killed within 2 weeks Froml Audrey Tan in Hong Kong IN about a fortnight, not a single chicken, duck or goose will be seen in this city, as the Slaughter of the Birds starts again in Hongkong in
      436 words
    • Article
      Lock icon JM Morgan, UTI face probe over share price manipulation
      559 17 NEW DELHI A panel of lawmakers will conduct the inquiry and submit its report in July Bloomberg INDIA'S Parliament will investigate JM Morgan Stanley Securities Ltd and Unit Trust of India, the country's biggest mutual fund, over claims they manipulated share
      Bloomberg  -  559 words
    • Article
      Lock icon China claims Chen not qualified to attend Apec summit in Shanghai
      355 17 BEIJING Taiwan President had wanted to hold talks with Jiang Bloomberg, AFP CHINA has rejected President Chen Shui-bian's bid to become the first Taiwan leader to visit the mainland, saying he is not qualified to attend an Asian-Pacific economic
      Bloomberg,; AFP  -  355 words
    • Article
      Lock icon Chen proposes coalition govt to end feuding
      281 17 TAIPEI AP PRESIDENT Chen Shui-bian yesterday proposed forming the first coalition government in Taiwanese history, a move aimed at ending feuding that has sapped the economy and fuelled growing cynicism in the young democracy. The President's plan, announced in a speech marking his
      AP  -  281 words
    • Article, Illustration
      Lock icon King checks out Beijing ahead of fight
      532 17 Bout between Holyfield and Ruiz to be held on Aug 5 AP [BEIJING] The "Melee in China" erupted the moment boxing promoter Don King stepped off the plane. Wideeyed Chinese policewomen stood on tiptoes to ogle Evander Holyfield's muscular frame. King yelped and
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      479 16 lkY/\rYl¥#flTlC! To advertise call toll-free 1800-741 1883 PI 1 Iv&ld Fax No 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ANTAH OitTOOLS (S) PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap.
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      334 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 FIVE STARS GENERAL SUPPLIES SERVICES PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company convened and held at 16 Tannery Lane #06-00 Crystal Time Building Singapore *****8 on 15 May 2001, the following resolutions were duly passed
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  • WORLD news
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      Lock icon Industry backs Bush power plan
      1041 18  -  But critics say that in the long term it will harm the environment From Catherine Ong in New York DEMOCRATS and environmentalists have torn into President George Bush's ambitious plan to increase the domestic supply of energy and to boost conservation, but industry has been
      REUTERS  -  1,041 words
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      Lock icon Little beauty with a big price tag
      60 18 [GENEVA] This heart-shaped diamond pendant, shown here while on display at Sotheby's in Geneva, Switzerland, has been auctioned by the company for USsl.sBBmillion. The internallyflawless diamond pendant went on the block on Wednesday and the price it fetched is the third highest price
      AP  -  60 words
    • Article
      Lock icon Bank of Japan admits problems with monetary easing strategy
      584 18  -  Policy might not be able to help Japan avert economic recession, says bank From Anthony Rowley in Tokyo THE Bank of Japan's Policy Board yesterday ended a two-day regular meeting with a tacit admission that its supposedly radical shift to "quantitative"
      584 words
    • Article
      Lock icon SocGen shares soar 7.7% on takeover talk
      200 18 PARIS Bloomberg SOCIETE Generale SA shares rose as much as 7.7 per cent amid speculation France's third largest bank with a market value of 30.9 billion euros (Ss49 billion) may be a takeover target, investors said. Paris-based BNP Paribas was cited as a
      Bloomberg  -  200 words
    • Article
      Lock icon US March trade deficit widens to US$31b
      454 18 WASHINGTON Consumer goods imports hit a record as exports fall Bloomberg THE US trade deficit widened in March from its lowest level in more than a year on record imports of consumer goods and a surge in oil imports, the government said yesterday.
      Bloomberg  -  454 words
    • Article, Illustration
      Lock icon Gerstner points to Palmisano as new IBM chief
      314 18 AP [NEW YORK] IBM chief executive Louis V Gerstner pointed to a possible successor for the first time on Thursday, hinting at company president Samuel J Palmisano as a candidate, during an interview on CNN. Mr Gerstner, who took the helm in
      AP  -  314 words
    • Article
      Lock icon Fed's first rate cut plan dropped on fear of market reactions
      189 18 WASHINGTON Reuters THE US Federal Reserve considered cutting interest rates earlier than thought in April, but held off for fear of upsetting already choppy financial markets, according to minutes of its policymaking committee issued on Thursday. Fed chairman Alan
      Reuters  -  189 words
    • WORLD Watch
      • Article
        Lock icon I am a scapegoat, says ex-Elf chief
        122 18 Reuters [PARIS] The former head of the French oil firm Elf, on trial in a potentially explosive corruption scandal, yesterday said firms had paid out massive covert commissions to foreign governments with the blessing of the presidential palace. Loik Le Floch-Prigent, who ran
        Reuters  -  122 words
      • Article
        Lock icon Hyundai Engg bailout approved
        83 18 Bloomberg [SEOULJ Hyundai Engineering Construction Co shareholders approved a 2.9 trillion won (Ss4 billion) bailout plan to allow creditors to take over Korea's largest builder during a meeting marred by yelling and scuffles. Most shareholders voted to accept the proposal that means minority stock owners will
        Bloomberg  -  83 words
      • Article
        Lock icon De Beers investors back Oppenheimers
        79 18 Bloomberg [JOHANNESBURG] The Oppenheimer family and Anglo American won investor support to buy De Beers, tightening their grip on the US$B billion market in uncut diamonds. The plan, which values the company at US$lB.6 billion, won support from 94 per cent of Deßeers investors. The
        Bloomberg  -  79 words
      • Article
        Lock icon Euro zone output growth slows
        77 18 AFP [BRUSSELS] Growth of industrial output in the euro zone fell on a 12-month basis in March to 3.0 per cent from 4.2 per cent in February, EU data showed yesterday. Industrial production in the 12-nation euro zone fell by 0.2 per cent in March
        AFP  -  77 words
      • Article
        Lock icon Ajinomoto H2 operating profit up 21%
        72 18 Bloomberg [TOKYO] Ajinomoto Co's second half operating profit rose 21 per cent as the No 1 supplier of amino acid for livestock feed benefited from a price increase generated by last year's outbreak of "mad cow" disease. Group operating profit for the six months
        Bloomberg  -  72 words
    • Article
      Lock icon Japan's role in East Asia hit by Chinese "boom'
      453 19 TOKYO Meti White Paper indicates Japan has less clont now as leader of industry Reuters JAPAN'S role as a leader of industry in East Asia was waning as China's explosive economic growth boosted its competitive clout in the region, Japan's trade
      Reuters  -  453 words
    • Article, Illustration
      Lock icon Mitsubishi Motors reports worst loss of 278b yen
      297 19 AFP [TOKYO] Japan's Mitsubishi Motors Corp said yesterday that its group net loss amounted to 278.1 billion yen (Ss4.l billion) its biggest yet in the year to March, due to pension fund payments and recall costs. "This is a record low for
      AFP; AP  -  297 words
    • Article
      Lock icon Not a fun year, but mutual fund experts stay upbeat
      404 19 WASHINGTON USs6.7t industry seen continuing to prosper Reuters THE US$6.7 trillion mutual fund industry will continue to prosper despite lacklustre performance of portfolios recently and a wave of new investment alternatives, the heads of Charles Schwab Corp and Morgan Stanley
      Reuters  -  404 words
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      2668 19 □AVIMO AVIMO GROUP LIMITED UNAUDITED RESULTS FOR THE SIX MONTHS ENDED MARCH 31, 2001 The board of directors of Avimo Group Limited announces the following results for the six months ended March 31, 2001: CHAIRMAN'S STATEMENT SEGMENT INFORMATION Six month* ended March 31,2001 RESULTS 6 month* 6 months 12 months
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  • e-NEWS
    • Article, Illustration
      Lock icon Dell cuts profit forecasts alter Q1
      457 20 AUSTIN, Texas It says earnings in first quarter slipped because it did not cut costs fast enough Bloomberg DELL Computer Corp said fiscal first-quarter earnings slipped because the company did not lower costs fast enough to make up for PC price reductions. Dell has
      Bloomberg; FILE PHOTO  -  457 words
    • Article
      Lock icon Palm halves sales forecast for quarter ending May
      330 20 SANTA CLARA, California Latest figures put at USsl4om to USsl6om Reuters PALM Inc, the worst performer in the Standard Poor's 500 Index this year, said fiscal fourth-quarter sales would be about half of already-reduced forecasts because of delays in shipping new handheld
      Reuters  -  330 words
    • Article
      Lock icon Chinadotcom to cut payroll a further 500
      244 20 HONGKONG It wants just 1,500 staff by end-Jane from 2,100 now Bloomberg CHiNADOTCOM Corp, China's largest Web portal, will fire 500 more workers as part of a plan to cut annual costs by US$5O million and earn its first profit. The sackings are
      Bloomberg  -  244 words
    • Article
      Lock icon Ericsson to axe 4,000 jobs in Sweden to lower costs
      225 20 STOCKHOLM Reuters SWEDISH telecoms equipment maker Ericsson said yesterday it was cutting 4,000 jobs in Sweden as part of a previously announced costcutting restructuring programme. It said in a statement it had told Sweden's employment agency it would cut 2,600
      Reuters  -  225 words
  • Article
    Lock icon BT SHARE information service
    5265 20 Data TY M t rB LV Ty"* LY LowKengHuat SCHApr P KM7 1553 16 210 asi—ast—ssus* ijs-g r ST I^ 2 li ABR Hldgs 31-Mar P 6.565 1.705 3.4 a73 MAC Engg 26-Mar P 3.181 2.576 2.83 2.6 ACE Dynamics 15-May F 0.182 0.799 0.18 0.9
    5,265 words
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  • FINANCE & commodities
    • Article
      Lock icon STI May contract down 0.95%
      246 21  -  SOX Derivatives Trading Report ST Intac/MSd STpore Index Wong Ann Chuen Refco Singapore Pte Ltd THE Singapore stock market headed south yesterday following news of a gloomy economic report. The benchmark Straits Times Index fell 19.33 points, or 1.15 per cent, to end at 1,662.64
      246 words
    • Article
      Lock icon Futures retreat on profit-taking
      235 21  -  MSCI Taiwan Index Wong Ann Chuen Refco Singapore Pte Ltd THE Taiwan stock market dropped yesterday despite the Taiwan central bank's rate cut on Thursday. The MSCI Taiwan Stock Index was down by 0.64 of a point, or 0.27 per cent, to settle at 233.19 points.
      235 words
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      Lock icon CURRENCY REPORT
      236 21 Reuters London THE yen shed almost one per cent against the US dollar yesterday after the Bank of Japan (BO J) said it would improve provision of liquidity, fanning talk it would have to increase the money supply by buying government bonds. The US dollar gained the most
      Reuters  -  236 words
    • Article, Illustration
      Lock icon Untitled
      1220 21 T"'¥ n" > w "W»i* RM WUtXhOM nrrgRBAMgomowKATBi 1 q —fc E— Ffr Dm HK$ Y« Won tM MZ$Nfcts N«o S$ Kwi Sfr MT$ 8aht Rowd US$ Australia 0.810 4J75 0.599 1928 1171 4.112 24.*****.027 0.650 6.875 2.004 1237 32.510 26.534 0.952 4.202 0.919 17.373 23.956 0.369 0.527 CJMfa 1234
      1,220 words
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      Lock icon Untitled
      1867 21 SICOMFOTPRES May 18 RUBBER (futures dosing as at 5.30pm) RSS1 CONTRACTS cants/kg) CtoM Votame Open Month M* U« Sett (to—I) Interest Jun 01 109.50 Jul 01 W9.50 250 Aug 01 109.75 250 Sep 01 1H25 250 RSS 3 CONTRACT (US cants/kg) VohMM Open Month High Low Sett (tonnes) Interest Jun
      1,867 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon HK shares pull back as investors lock in profits
      2852 22 BONO BONO AFP pHwgSwig -178LW HONG Kong share prices fell 1.3 per cent yesterday on prof-it-taking, dealers said. The Hang Seng Index closed down 178.69 points at 13,459.18 on turnover of HK$8.27 billion. Marty Chan, an analyst with Polaris Securities, said
      AFP  -  2,852 words
    • Article
      Lock icon CHINA
      1189 22 AFP QShenzhen Blndex *7.49 CHINA'S Shenzhen B Share Index advanced 7.49 points, or 1.89 per cent, yesterday to a record closing high of 404.00. Turnover, though still sluggish at HK$l.4O billion, was nearly 23 per cent higher than on Thursday. Shanghai B shares edged up 0.8 per cent amid
      AFP  -  1,189 words
    • Article
      Lock icon TAIPEI
      374 22 AFP QWPIato -3L77 TAIWAN President Chen Shui-bian's conciliatory speech yesterday, offering to meet his Chinese counterpart later this year, failed to lift sentiment as Taiwan share prices fell 0.6 per cent. The Taiwan Stock Exchange Weighted Price Index shed 31.77 points to 5,111.67, on turnover of NT546.47 billion. "President
      AFP  -  374 words
    • Article
      Lock icon Tokyo stocks lower on grim prospects
      2066 22 TOKYO AFP QffikkM22s -32J0 SHARE prices in Tokyo fell 0.2 per cent yesterday, as grim prospects for the Japanese economy eroded early gains made following advances on Wall Street, brokers said. The Tokyo Stock Exchange's Nikkei--225 Index closed down 32.90 points to 13,877.77. The
      AFP  -  2,066 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon KL falls in caution over MSCI weighting
      421 23 AFP flAMBAflSiA VfkJjMi VP AC *|JD SHARE prices feU 1.4 per cent yesterday on selling ahead of a possible cut in Malaysia's weighting on the Morgan Stanley Capital International (MSCI) indices, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 7.95 points
      AFP  -  421 words
    • Article
      Lock icon Untitled
      8535 23 INOUSTMALS 2001 C T2r ,lr "n, My Cap xm> l— cwwMwv -ooo m> m turn 340 290 AJinomoto 306 14 3 306 306 93 124.0 45 24.5 Angkasa 29 JJJ 342 282 ApoNo Food Hk) 300 '200 356 266 AsiaFMe 285 M »®93 3875 3225 BAT50C 3475 -75 561 35.5
      8,535 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      2629 24 BONDS WARRANTS May 18 ■t M fmt/ U$ki S2-«mH lat V«l Day LmMmK tomi Com tar Mac NNB ■Hi i— ri«nn m *w r—) w* u» —y» hfc m> <■■*»> >Me w> t%> uw 37 0.5 s Acma W*****4 0.5 0.5 1 41.0 1 300 681 77.00 2 22 2.5
      2,629 words
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      Lock icon BANGKOK
      726 24 AFP g SET Index -044 THAI stocks closed down 0.1 per cent yesterday in directionless trade with losses in the banking and financial sectors offsetting gains in energy stocks, analysts said. The Stock Exchange of Thailand (SET) Composite Index edged down 0.34 point to close at 300.64 points, while
      AFP  -  726 words
    • Article
      Lock icon MANILA
      284 24 AFP Q Composite Index -4.41 PHILIPPINE stock prices fell 0.3 per cent yesterday as the make-up of the next Congress remained unclear. The Philippine Stock Exchange Composite Index shed 4.41 points to close at 1,448.62. Turnover rose to 497 million shares worth 397 million pesos.—AFP MayH Pwo C000) Abacus
      AFP  -  284 words
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      Lock icon JAKARTA
      734 24 AFP Q Composite Index +OJO INDONESIAN share prices closed marginally higher yesterday on a late rebound in selected blue chips and follow-through buying in Telkom, dealers said. They said the broad market remained bearish with most foreign investors sidelined amid rising concerns about the government's plan to increase fuel
      AFP  -  734 words
    • Article
      Lock icon WELLINGTON
      260 24 AFP QNZSE-40 *2M THE New Zealand stock market budged just a fraction yesterday to close 0.15 per cent higher after a quiet day's trading. The NZSE-40 Capital Index firmed 2.94 points to 2,087.41, on light total turnover worth NZ568.56 million. m>» cooo) Advantage HDS 0.83 -0.01 126 Air NZ
      AFP  -  260 words
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      Lock icon SYDNEY
      557 24 AFP Ordinaries -4.90 AUSTRALIAN shares feU 0.15 per cent yesterday, after key blue chip stocks came under selling pressure, brokers said. The All Ordinaries Index shed 4.9 points to 3,339.9 while the SP/ASX 200 ended 5.9 points lower at 3,404.1. The All Industrials slumped 13.1 points to 5,676.0, while
      AFP  -  557 words
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      Lock icon SEOUL
      310 24 AFP yiCampoatelndßi +415 KOREAN stocks rose 0.7 per cent. The index closed up 4.15 points at 600.54. Volume was 586 million shares worth 2.5 trillion won. —AFP M*>» Won Anam Semi —4300 -215 Brain Tech 600 -10 Central Bank 170 unch Cheil Comm *****0 -2000 Da* Cu Bank 1525
      AFP  -  310 words
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  • Article
    Lock icon STOCKS sgx
    7946 25 SOXMAMBOARP fir fir MW 52-Wk lad Vol Day Uat Quota Dlv Mr YW Mot Cm 0*§ H>» tow Compary Soto *4- C698> HI# tow Buyer S*f Cur Wt liii Wa MULTI-INDUSTRY 143 35 cAcmaSOc 38.5 cd-0.5 38 39 38 38 38.5 0.5 19.9 0.6 10.1 66J 39 41
    7,946 words
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  • New Asia Biz Woman
    • Article, Illustration
      Lock icon Of lightness, atmosphere and dreams
      1052 26  -  French artist Marie-France Dumolie, who did a garden installation at The Substation, tells ffPPin Dl-BOOM how a garden lends itself to transformation CHEAH UI-HOON Living in land-stressed Singapore, Garden City though it may be, not that many people have the luxury of a garden to
      PHOTOS BY RICHARD CHNG  -  1,052 words
  • ART
    • Article, Illustration
      Lock icon A reinterpretation of Carmen
      484 26  -  Salvador Tavora projects her as an independent female, not a seducer By Cheah Ui-Hoon FORGET Carmen as the frivolous seducer. Or as the crafty and manipulative gypsy girl who leads men astray with her beauty and dancing. This version of Carmen, immortalised by 19th-century French writer
      FILE PHOTO  -  484 words
    • Article, Illustration
      Lock icon Sayang the Musical in Broadway-style
      406 26  -  By, Aaron Lye CHANG Eng proved without a doubt that there's a market for Broadway-style musicals here in Singapore, with other theatre companies following suit. The upcoming Sayang by the Rainbow Theatre claims to be in this genre. With a small cast of four lead
      FILE PHOTO  -  406 words
    • Article, Illustration
      Lock icon Dabbling in design experiments
      1111 28  -  Christian Moller remains deeply influenced by his past training in architecture, in creating works with electronic media now, reports PARVATHINAYAR PARVATHI NAYAR HOUGH trained in architecture, he is now driven by the quest to find experimental ways of working with interactive, electronic media. And I often,
      ARTHUR LEE  -  1,111 words
    • Article, Illustration
      Lock icon A soprano with a civic duty
      754 28  -  World-renowned ringer Barbara Hendricks is also active in political mmpaigng By John Gee WITH an impressive string of live performances behind her and almost 80 recordings to her credit, Barbara Hendricks is among the world's best known and top selling soprano singers, but she
      PHOTOS BY RICHARD CHNG  -  754 words
    • Article, Illustration
      Lock icon Crossing conventional boundaries
      557 29  -  L&S&lle-SIA's graduation exhibition is refreshing in its nniqne local flavour which don't ape Western images By' Tan Hwee Hwee VERISIMILITUDE means "similar" but don't expect any of the works to look alike in the 25th Diploma in Fine Art Graduation Exhibition of LaSalle-SIA. Paradoxically, the Verisimilitude exhibition
      557 words
    • Article, Illustration
      Lock icon Anew way of presenting music
      790 29  -  MUSIC THEATRE Fusing elements from different artistic disciplines, the new genre at the S'pore Arts Fest is an exciting multi-sensory experience, says TAN HWBE HWEE TAN HWEE HWEE A HOT hybrid's hitting the Singapore Arts Festival music theatre. It's not opera, and don't think "musical".
      FILE PHOTO  -  790 words
    • Article, Illustration
      Lock icon Salleh Japar, Messenger from the East
      467 29 COVER STORY PLACE and space have always fascinated Salleh Japar. It is why Salleh, trained as a painter at the Nanyang Academy of Fine Arts, originally turned his attention to three-dimensional work in 1986. "I needed to expand from twodimensional, illusory space to an
      467 words
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  • Article
    Lock icon THE PROGRAMME
    785 27  -  Compiled by, Aaron Lye MUSIC Groovy Saturday Nights An evening performance by The Groove, a 6-piece musical band consisting of piano, saxophone, keyboards, bass guitar and vocalist. Featuring a variety of music genres, including Latin, Afro-Cuban and other contemporary styles. Every Saturday from May 19-June 23, 7:45pm- 10pm,
    785 words
  • Article, Illustration
    Lock icon SPOTLIGHT
    152 27  -  Byl Aaron Lye The buzz: The Notre Dame Glee Club, one of the more prominent college-level male choirs in the US, performing in Singapore as part of their Tour of the Orient2ool. Plot and players: Over 60 of the 75 members of the choir will tour and represent Notre
    152 words
  • Art beat
    • Article
      Lock icon Designer launches book on Beijing quadrangle houses
      221 27 A bite-sized roundup of the weekly arts scene In conjunction with the launch of her new book on the quadrangle houses in China, fashion designer' Priscilla Chen is holding a book-signing session at Kinokuniya today. After stints of working with the Hong Kong
      221 words
    • Article
      Lock icon Chinese Opera Institute plans 6th anniversary Gala Night
      140 27 The Chinese Opera Institute celebrates its 6th anniversary with a gala dinner tomorrow night. Invited are 16 Chinese opera stars from China, Taipei, Hong Kong and Singapore for a night of masterpieces in classical and contemporary Chinese opera. They will feature the
      140 words
    • Article
      Lock icon Children's Art Camp
      153 27 Have your children lost their inquisitive nature towards their surroundings? Or the freedom to express what they see and feel in their own imaginative way? Another Look art camp aims to expose your child to the various visual and sensorial stimulants through creative activities and outdoor exploration
      153 words
    • Article
      Lock icon Seasoned leads for Miss Salgon
      221 27 Ticket sales for Miss Saigon launched this week have been doing well, say the organisers, making it as eagerly anticipated as previous mega-musi- cals like Les Miserables and Phantom Of the Opera. The lead roles of Kim and Chris in this Cameron Mackintosh hit will
      221 words
    • Article
      Lock icon Singapore delegation heads for West Coast Salsa Congress
      169 27 A Singapore delegation of 14 dance students will participate in the West Coast Salsa Congress this year, organised by Attitude Dance Studio. The Congress in Los Angeles is an annual event which regularly attracts more than 3,500 salsa lovers from all over
      169 words
    • Article
      Lock icon The Great Moscow Circus starts tour
      175 27  -  Compiled by Cheah Ui-Hoon, John Gee The Big Top is synonymous with circus, and the Great Moscow Circus returns to Singapore with the traditional staging. With its big red-and-white striped tent, it also follows the historic circus tradition of touring with artists and animals
      175 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      794 27 rtUI-IaiiKTTSa^^——^Central 10.00 Louis Theroux's Weird Zoe in the States (Pt 2). 100 Asia Today. AM Kids Central Syl Weekend: Self Fulfill- 430 The Taiping Heavenly 330 An Odyssey Into Cinevester Tweety Mys- 1LOO Rollerjam. 130 Singapore Today. 440 Headlines. mm anA teries. 1100 NNVIP. 7.00 New Parents. 102 FYesh Gear.
      794 words
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 2
      320 27 CRYPTIC CROSSWORD ACROSS cient city takes time (7) 5 Medical disorder that can recur 3 Fever universal in later life (4) (7) 4 Ball of fire spoiled the menu (4, 9 Close to a hypotenuse (9) 2, 4) 10 A second warning signal 5 Withhold study over a year (4)
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  • The Arts
    • Article, Illustration
      Lock icon Taking a big step forward
      680 30  -  For the first time, S'pore will be taking part in the prestigious Venice Biennale with four artists representing the nation in an artistic discourse with their international counterparts, reports PARVATHIMAYAR PARVATHI NAYAR THE Venice Biennale. Certainly, the title itself has an arty patina. It conjures
      ARTHUR LEE  -  680 words
    • Article, Illustration
      Lock icon Suzann Victor, Post-colonial critic
      418 30 ON one level, it would seem like a subversive take on dangerous opulence: four ready-made chandeliers swing close to a central hand-built piece. They threaten to smash into each other and into smithereens, but never actually quite touch. Conceptually though, Dusted by Rich Manoeuvre (2000), Suzann
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    • Article, Illustration
      Lock icon Chen KeZhan, Abstract artist
      498 30 WHEN Chen KeZhan walked into the Schola di Santa Apollonia in January this year, he heard Verdi's Requiem playing in his mind. It was a piece of music he had listened to for 10 years, but as he stood in that former place of worship, he
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    • Article, Illustration
      Lock icon Matthew Ngui, Innovative chef
      233 30 TO understand Matthew Ngui's art, you could liken him to an innovative chef. He throws real and virtual ingredients of artmaking into a blender, then comes up with something new. There's installation, of course, but also experiments with lenses, videos and monitors. A good example of
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