The Business Times, 4 August 2001

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Microfilm: NL23107
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES MTTA (P) 107/03/2001 Internet: http://business-times.asia 1 .com.sg S I N<G A P O R E SATURDAY, AUGUST 04. 2001
    22 words
  • Article
    Lock icon MARKET SUMMARY
    64 1 □an W«U» (-20.72) nana ||NI»(-U1) narmonmißß UM MEUO (-20.00) riSDDGinmJSES mm mu» (-2.50) OTOC* MARKET MDiCES FVWay Change MECDIg Mill ttt NIKKEI tt 1U4L97 -1S7D HAMJ8ENG 12*9.08 SETINDEX Sim +1173 JAIAITA COUP —4S&U. -LSI MAMUOOMP_U»I7 im TAJPHWPI OSU8 >M4» seoul comp mm *ls MHiHIHHi H Wffl .1 ACSTALLORD
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  • Article
    Lock icon FINANCE
    72 1 FOBEX SATES W St OBfMrOSt) L778 i(D8Mfpw£) LAI LM4 ElJHO(US&S*/E)_M81 LM7 Ml till LMS YD! iaj ML7I km tm tin Km 7.7U 4387 BABT iiM SU7 8DPJAE Ml* MM *SS to 100 units run bates SINGAPORE* KUALA LUMPUR 787 JAKARTA JIN BANGKOK 910 MANILA 1100 HONGKONG 8.50 TAIPEI .7A4
    72 words
  • Article
    Lock icon UOB tops local banks in return on equity
    593 1  -  Its interim earnings rise 11.3% while OCBCs profit slides 2.7% Byi Siow Li Sen [SINGAPORE! United Overseas Bank and OCBC yesterday completed the round of interim earnings for the five local banks ending a chapter in Singapore's banking history with UOB unrivalled
    593 words
  • Article, Illustration
    Lock icon Molecular agrobiology institute defends its relevance
    707 1  -  Philip Yeo had earlier said keeping it open is criminal waste of tax money By 1 Eugene Low [SINGAPORE] Faced with a shutdown should National Science and Technology Board chairman Philip Yeo get his way, the Institute of Molecular Agrobiology's incoming director has defended
    707 words
  • Article, Illustration
    Lock icon Court acquits Thaksin of graft charges in cliffhanger vote
    703 1  -  Judges vote 8-7 in his favour; markets jump in anticipation From] Harish Mehta in Bangkok THAILAND'S Constitution Court yesterday found Prime Minister Thaksin Shinawatra not guilty of intentionally hiding his massive wealth, ringing down the curtain on a sevenmonth court saga
    703 words
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      Lock icon Page 1 Advertisements Column 1
      61 1 M w, ii————— jBUfHEK Top Stories Gary Goh's GGet Developments under judicial management Ntirf Pmg* DBS may consider HK feting for merged Dao Heng bank. Pg3, US Jobs data suggest Fed rate cuts may end in August Pg 11 Argentina slams foreign speculators. The Arts B to u The volunteer
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      Lock icon Page 1 Advertisements Column 2
      80 1 UOB, OCBC remits, Next Page Malaysia's modern Malay dilemma x Breguet. La passion laisse des traces. Wristwatch 'Grande Complication* in 18-carat yellow gold with tourbillon regulator at 12 o'clock. jtffy y Hand-wound column-wheel chronograph movement. 30-minute and 12-hour totalizera. Compensating balance with Breguet overcoil Silvered gold dial, hand-engraved on a
      80 words
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon No PEs—but plenty of time
        179 2 No PEs —but plenty of time IF anyone needed reminding how speculative Nasdaq's rise /as in 1999-2000, they need look no further than a recent analysis by US investment advisory firm HD Brous Co. In its June 25 Crosscurrents newsletter, the firm notes: "The bad news is that we are
        179 words
      • Article
        Lock icon Corporate governance conference
        86 2 THE campaign for better corporate governance is gathering pace in Singapore. Enterprise Promotion Centres, an agency that promotes entrepreneurship and growth of local enterprise, is organising a corporate governance conference in conjunction with the 3rd Apec Business Advisory Council Meeting in Singapore. The conference will take place
        86 words
      • Article
        Lock icon Light at the end of the tunnel
        83 2 MOTORISTS emerging from the Central Expressway's Cairnhill Circle tunnel exit will see The Light in due course. The Light at Cairnhill, at the former Cairnhill Hotel, is actually a 118-unit freehold condominium being planned by Wing Tai Holdings. Its developers, which include Dutch
        83 words
      • Article
        Lock icon Good to stay within your means
        55 2 W EARLIER this week, BT ran an online poll which asked whether DBS did the right thing by not raising its offer for OUB. Here's what readers thought: Yes, it should not stretch its resources: 71% No, it will now be threatened by UOB/OUB:
        55 words
    • Article
      Lock icon Cab hired? Read the news instead
      246 2 Dow Jones, Comfort team np to bring 'live'news, data feed to roofs of 50 taxis BREAKING news and stock prices will soon be flashing to a taxi near you. Information provider Dow Jones has tied up with taxi operator Comfort to broadcast "live" news
      246 words
    • Article, Illustration
      Lock icon OCBC puts Robinson hotel owner under judicial management
      478 2  -  UM exclusive GGet Developments owessssmto OCBC group By] Kalpana Rashiwala [SINGAPORE] GGet Developments, owner of the Robinson International Hotel on Balestier Road, has been placed under judicial management by OCBC Bank and OCBC Pinance, who are owed a total $55 million by
      478 words
    • Article, Illustration
      Lock icon Lower provisions lift UOB interim
      606 2  -  Group beats forecasts with 1L3% profit rise; operating expenses down an impressive L 5% By Serena Ng [SINGAPORE] United Overseas Bank yesterday posted an impressive 11.3 per cent jump in interim net profit to $454.6 million for the six months ended June, beating analysts' forecasts
      CHRIS LOH  -  606 words
    • Article
      Lock icon OCBC gets 89% KCH acceptances, awaits foreign regulatory nod
      273 2 [SINGAPORE] OCBC Bank said yesterday it has received 89 per cent acceptances for its offer for all outstanding shares of Keppel Capital Holdings (KCH). This equates to about 65 per cent of the maximum potential issued share capital of KCH. OCBC
      273 words
    • Article, Illustration
      Lock icon OCBC's interim net falls 2.7% on higher provisions, operating costs
      748 2  -  It has no hang-ops on possibility of being smallest S'pore bank By Ling Su Ann [SINGAPORE] OCBC Bank which yesterday announced a 2.7 per cent drop in interim net profit to $433.4 million due to higher provisions and operating costs
      RICHARD CHNG  -  748 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon DBS Group mulls future listing in Hong Kong
      801 3  -  000 wants merged Dao Heng-Kwong On entity to be more than just No 4 in HE From Audrey Tan in Hong Kong DBS has ambitions to grow the merged Dao Heng/Kwong On bank to be more than "just" the fourth largest bank
      FILE PHOTO  -  801 words
    • Article
      Lock icon Megawati is CCL's hope for $660m salvation
      680 3  -  lock siew christopher tan million isn't small change. with a bank, it will $1&2 million a year based a conservative 2 per cent interest rate. But Cycle CarriagPLtd (CCL), which forked out that princely sum for a third of Astra International ova- a
      680 words
    • Article
      Lock icon Short-sellers of Flextech and Fu Yu face $355,000 losses
      275 3  -  By R Sivanithy PUNTERS who short-sold Flextech Holdings and Fu Yu Manufacturing shares on Monday face losses of up to $355,000 after the Singapore Exchange bought-in yesterday. Brokers are astounded that in Flextech's case, the short positions bought-in amount to a
      275 words
    • Article
      Lock icon OUE reports 23.5% fall in interim net to $13.6m
      368 3  -  By Kalpana Rashiwala PROPERTY and hotel group Overseas Union Enterprise (OUE) yesterday reported a 23.5 per cent drop in interim group net profit to $13.6 million. And depending on the outcome of contesting bids by DBS Group and United Overseas Bank
      368 words
    • Article
      Lock icon SIA's usage of capacity fails for 5th straight month
      390 5 Bat analysts say a Q4 electronics sector rebonnd could give a lift to cargo loads Reuters SINGAPORE Airlines' (SIA) overall usage of passenger and cargo capacity suffered a fifth consecutive monthly drop in June, and is expected to come under further
      Reuters  -  390 words
    • Article, Illustration
      Lock icon Air NZ seeks govt nod to merge A and B shares
      724 5 Move would allow SIA to beat foreign ownership cap and raise its stake Bloomberg [WELLINGTON] Air New Zealand has asked the New Zealand government for permission to combine its two classes of shares, opening the way for Singapore Airlines
      Bloomberg; FILE PHOTO  -  724 words
    • Article
      Lock icon Aussie MP attacks NZ govt over SIA bid
      365 5 He says they've ignored the risks posed to Anssie jobs AFP [SYDNEY] An influential Australian government MP has accused New Zealand of ignoring the risks to Australian jobs posed by Singapore Airlines' bid to increase its stake in Air New Zealand. Bruce
      AFP  -  365 words
    • COMPANY Briefs
      • Article
        Lock icon Noel Gifts net profit plunges 28%
        111 5 NOEL Gifts International reported a a&3 per cent drop in fUll-yeer group net profit to |64UX)000 the back ofa three per cent decline in turnover to $19.6 million. Earnings per share fell from 0.88 cent to 0.68 cent Net tai*ftle assets (NTA) per share
        111 words
      • Article
        Lock icon Jadason sees red ink 1st half
        83 5 JADASON Enterprises expects to report a net loss for first-half 2001 doe mainly to lower sales. It said the slowdown in the gtobal electronics industry was worse than expected, especially in the second quarter *****. This has led to many customers deferring their capital
        83 words
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      Lock icon Page 3 Advertisements Column 1
      553 3 Sffl Union Bank Limited (Incorporated in the Republic of Singapore) We refer to the Extraordinary General Meeting ("EGM") of Overseas Union Bank Umited ("OUB") in relation to determining how OUB should vote in respect of the disposal by Overseas Union Enterprise Limited ("OUE") of its shares in OUB. The EGM
      553 words
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      316 4 FuYuMljglOc *****,000 Ftextechl5c 11,695,000 North 22 USlc 10,000,000 SingTel 15c 9.896,000 CO 5c 9,400,000 Surface MT HK20c 8,964,000 Chart Semiconductor 26c 8,292,000 G£S tnt) Ltd 20c 7,616,000 Hyflux5c 7,201,000 CapKaLand 7,123,000 **c*m > Chart Semiconductor 26c 42,435,868 (JOB 35,490.700 OUB— 28.464,400 DBSGrp 28.088.736 Datacralt 10c 22.415.076 0C8C 18,947,600 SingTel 15c
      316 words
    • Article, Illustration
      Lock icon STI sheds 20.7 points as weak sentiment hits all sectors
      633 4  -  I comment STOCKS r. sivanithy LOCAL stocks ended the week on a disappointing note, with the Straits Times Index giving up 20.72 points to close at 1,649.36. All sectors caved in as sentiment took a turn for the worse after
      633 words
    • Article, Illustration
      Lock icon UEM wrt: limited downside?
      180 4  -  WARRANT WATCH By] R Sivanithy LIKE Singapore, the Malaysian market has seen its fair share of mergers, restructuring and takeovers this year. The latest is the government's bid to take over United Engineers (Malaysia) or UEM, whose key asset is highway operator Plus. It is offering
      180 words
    • Article, Illustration
      Lock icon UOB: for the long-term investor
      227 4  -  HOT STOCK By Ven Sreenivasan THE stock of United Overseas Bank has recovered from recent lows, but it's still way off its 52-week high of $14.20. It gained 10 cents to $10.80 yesterday, when UOB released better-than-expected interim results. Some 3.3 million shares changed hands,
      227 words
    • Article, Illustration
      Lock icon US$ skimmed ahead of July jobless numbers
      536 4  -  hi ri comment CURRENCIES Hits new four-month low of 55L7695, barely hinging on to key supports elsewhere larry wee THE fortunes of the once invulnerable US dollar took another hard knock yesterday ahead of key US unemployment numbers, forcing it to the verge
      Source: Reuters  -  536 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2825 4 UNIT TRUSTS FUNDS Aberdeen Asset Mgt Alia Ltd Aberdeen Select Portfolio: China Opportunities Fdl** 0.931 0.978 Global MNCFd 0.715 0.752 Global Technology Fd!** 0.595 0.625 UK Blue Chip Ml** 0.74S 0.783 American Opport Fd 0.803 0.844 Cont Euro Eqty Fdl** 1.022 1.074 Japan Eqty Fd!** 1.143 1.201 Asian Fixed Income
    2,825 words
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  • Article
    Lock icon BT SHARE information service
    2874 5 £""V. izsur ss: as as* &.L, %z-z«,z r. ™r H. S a£ Septal BF» sis 1& S& MmmMT* 12-Jun P 0.109 4.079 0X6 1X4 SiMnL 30-M» P *****4. 2X499L ST &AL sar r "o tM-r sir J u as*- 0% 2? £gg. J™? 7 J}- 2
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  • SINGAPORE news
    • Article
      Lock icon URA makes it easier to apply for change of use
      420 6  -  New lodgement scheme will help make businesses more nimble; they will also save time and money By* Andrea Tan TENANTS and property owners illegally converting their premises for use by different businesses will no longer have an excuse to feign
      420 words
    • Article
      Lock icon S'pore aims to be ICT law hub
      195 6 MinL&w committee's recommendations expected soon THE government is looking at ways to promote Singapore as a hub for infocomm technology (ICT) law. The Law Ministry's permanent secretary, Liew Heng San, told a meeting yesterday a committee set up in January has finalised several
      195 words
    • Article, Illustration
      Lock icon June terms of trade worsen
      280 6  -  I hon the economy trade By] Rachel Ong SINGAPORE'S terms of trade worsened in June as import prices continued to outpace export prices. The import price index was 1.3 per cent higher year-on-year at 104.1 points, figures from the Department of Statistics show. But month-on-month,
      Source: Dept of  -  280 words
    • Article
      Lock icon Offers extended when they turn unconditional
      161 6  -  MAILI.TH Nigel Jones Executive Director Morgan Stanley Dean Witter Asia (Singapore) Pte Ltd WE REFER to your article "Risky to accept DBS offer to put pressure on UOB" (BT, Aug 3), saying that DBS' offer closes on Aug 10 and UOB's on Aug 17.
      161 words
    • Article
      Lock icon Tough questions far our survival
      249 6  -  Wong Weng Fai Singapore I REFER to the letter "S'pore needs own growth engines" by Vincent Tan Chee Kian (Mailbag, July 28). I share his deep concern about the current downturn. It seems the entire country is pinning its hopes on a US recovery. This
      249 words
    • Article
      Lock icon SME-focused bank goes against grain
      307 6  -  Teo Chwee Hock Singapore I REFER to the letter "SMEfocused bank a boon to small firms" by JFK Miller in Mailbag (BT, Aug 1). Mr Miller might not be aware that currently the Singapore Productivity and Standards Board (PSB, website www.psb.gov.sg) has a Local Enterprise
      307 words
    • Article
      Lock icon No real IFAs here
      149 6  -  Leong Sze Hian Singapore I REFER to your article "What it takes to be an independent financial adviser" by Genevieve Cua (BT, July 28). The overriding theme of securities compensation regulation is that the representative should not be biased by the underlying product compensation in providing
      149 words
    • Article, Illustration
      Lock icon Examining the economics of happiness
      882 7  -  Public spending in the right areas can help promote happiness, welfare economist Ng Yew-Kwang tells AMMA TBO ANNA TEO AS an economics student at Nanyang University in the early *****, Ng Yew-Kwang came across a paper about why people buy insurance. Not satisfied with its
      CHRIS LOH  -  882 words
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      Lock icon Page 6 Advertisements Column 1
      879 6 w OVERSEAS UNION ENTERPRISE LIMITED (Incorporated in The Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Enterprise Limited wishes to announce: UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2001 The Group The Company 2001 2000 +A") 2001 2000 B*ooo SS'OOO SS'OOO SS'OOO Turnover 77,376 80,102
      879 words
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      Lock icon Page 6 Advertisements Column 2
      104 6 nur worldwide of ewer 275 multi disciplined p f ofessionals 1 J W includmq lawyers chartered accountants vj 4 K chartered secretaries and bankers have i 1 V provided confidential and cost effective ft t i company formation in all the major low includmq Incorpor.lt'or Fees from US$500 The world's
      104 words
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  • Page 7 Advertisements
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      3700 7 /Mil Mil i> JURONG CEMENT LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty Eighth Annual General Meeting of Ihe shareholders of the Company wiH be held on Tuesday, 28th August 2001 at 3.00 p.m. at Raffles Country Club, Banquet Hall 3, 450
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  • REGIONAL news
    • Article
      Lock icon Renong accepts govt offer for UEM stake
      516 8  -  It'll realise RM54m gain and use it to shave debts From Eddie Toh in Kuala Lumpur BELEAGUERED tycoon Halim Saad's Renong Bhd has agreed to sell its 38 per cent stake in United Engineers Malaysia (UEM) to the government for RMI.4 billion (*****
      516 words
    • Article
      Lock icon Tenaga to start bond sales next week
      252 8 KUALA LUMPUR Bloomberg TENAGA Nasional, Malaysia's No 1 power producer, will begin selling RMI billion (*****.7 million) of debt next week to fund expansion of power lines and plants, officials said. Last month, Tenaga obtained the securities regulator's approval to sell as much
      Bloomberg  -  252 words
    • Article, Illustration
      Lock icon Malaysia's modern Malay dilemma
      1084 8  -  WRITER S JOURNAL karim raslan THE Malaysian Prime Minister's recent announcement on the need to review racial quotas for university entry is vintage Dr Mahathir. Once again Mahathir Mohamad is right in principle but wrong in execution. Yes, the country's education system desperately requires an injection
      1,084 words
    • NOTE Book
      • Article
        Lock icon Danamodal to sell MBf Finance stake
        111 9 Reuters [KUALA LUMPUR] Malaysian banks' recapitalisation agency, Danaroodal Nasional Bhd, said yesterday that it would sell its 100 per cent stake in MBf Finance to Arab-Malaysian Finance for RM925 million (***** million). "With the purchase agreement, Danamodal has recouped part of its RMI.6 billion
        Reuters  -  111 words
      • Article
        Lock icon Hutchison no keen on M'sia telecoms
        71 9 AFX-Asia [KUALA LUMPUR] Hutchison Whampoa Ltd says it is not Homing up with Sapura Group to acquire a stake in a Malaysian telecommunications cqmpany. Malaysian Business Times yesterday quoted Hutchison Whampoa spokesperson Nora Yong as saying no such discussions are currently in progress. The
        AFX-Asia  -  71 words
      • Article
        Lock icon Indian IT sector seen growing 35%
        81 9 Dow Jones [NEW DELHI] India's software industry body, National Association of Software and Service Companies (Nasscom), has said the country's information technology sector will grow at a rate of 35 per cent this year despite the global slowdown, reports the Financial Express. A spokesman
        Dow Jones  -  81 words
      • Article
        Lock icon Thai NPLs down to 13% at end-June
        100 9 Reuters [BANGKOK] The Bank of Thailand said yesterday that non-performing loans (NPLs) in the Thai financial sector fell sharply to 13.13 per cent at end-June. The central bank attributed the decline to bad debt transfers to the state's Thai Asset Management Corp (TAMC),
        Reuters  -  100 words
      • Article
        Lock icon M'sia Mining RM1b bond issue on hold
        115 9 Dow Jones [KUALA LUMPUR] Malaysia Mining Corp Bhd (MMC) has put on hold a proposed RMI billion (Ss47l million) bond issue, Malaysian Business Times reported yesterday. The issue depends on the outcome of Malaysia Mining's effort to acquire a 50.1 per cent stake
        Dow Jones  -  115 words
      • Article
        Lock icon Plen to convert PNB debt to shares
        75 9 AFX-Asia [MANILA] The government and businessman Lucio Tan are looking to convert Philippine National Bank's (PNB) 25 billion peso (SsB3omillion) debt to the government into shares at a conversion rate of 40 pesos per share, Business World reported yesterday, quoting sources. Business World's
        AFX-Asia  -  75 words
    • Article, Illustration
      Lock icon Cabinet to be unveiled on Thursday: Hamzah
      443 9 JAKARTA Careful approach aimed at avoiding changes to lineup in the future, he says AFP, Reuters, AP INDONESIA'S long-awaited new Cabinet will be announced next Thursday, more than two weeks after Megawati Sukarnoputri's elevation to the presidency, Vice-President Hamzah Haz said yesterday. Politicians,
      AFP,; Reuters,; AP  -  443 words
    • Article
      Lock icon How Thai 'boiler rooms' snare investors
      673 9 Australian victims of share trading rackets may have lost tens of millions of dollars Financial Times [SYDNEY] THE telephone has finally stopped ringing at Barry Jansen's home in Blackheath, a scenic spot in the Blue Mountains west of Sydney. From late last year until
      Financial Times  -  673 words
    • Article
      Lock icon Philippines mulls over hike in banks'cash reserves
      250 9 MANILA Bloomberg, AFP THE Philippines' central bank may require commercial banks to increase their cash reserves to boost the peso, which has lost 6.6 per cent of its value against the US dollar this year. "The central bank is considering measures to avoid
      Bloomberg,; AFP  -  250 words
    • Article
      Lock icon Shell, Gazprom in talks over joint bid for China project
      273 10 BEIJING Bloomberg THE Royal Dutch/Shell Group, Europe's largest publicly traded oil company, said it is in talks with OAO Gazprom to jointly bid for a US$l4 billion project to build a natural gas pipeline across China. Shell, Gazprom the world's
      Bloomberg  -  273 words
    • Article
      Lock icon China unlikely to raise rates in the near future: report
      341 10 BEIJING Any such move would hurt struggling state firms; it would also affect investment and consumption Reuters CHINA is unlikely to raise interest rates in the near future to avoid hurting the economy and struggling state firms, the China Securities
      Reuters  -  341 words
    • Article, Illustration
      Lock icon India's e-biz could surge by 10 times to 1.95t rupees by 2005: study
      410 10 Reuters [BANGALORE] E-commerce in India is projected to grow 10 times in value over the next Ave years, according to a joint study undertaken by the country's main software industry body and the Boston Consulting Group. E-commerce
      Reuters; REUTERS FILE PHOTO  -  410 words
    • Article
      Lock icon Vajpayee's offer to quit rattles investors
      238 10 NEW DELHI AP INDIAN Prime Minister Atal Bihari Vajpayee's offer earlier this week to resign over differences within his governing alliance has upset financial markets, delayed financial restructuring and hurt the already slowing economy, analysts said. Mr Vajpayee told his party on Tuesday he
      AP  -  238 words
    • Article
      Lock icon India's Bharti eyes Millicom, BellSouth stakes
      385 10 NEW DELHI It's aiming for fall control of Skycell flimmmiira H—l« Reuters INDIAN telecoms group Bharti Enterprises is in talks to buy stakes held by Luxembourg's Millicom and BellSouth in Skycell Communications in a bid to acquire complete control of the Ma-dras-based mobile operator.
      Reuters  -  385 words
  • FINANCE
    • Article
      Lock icon Cash market slide hits futures
      312 8  -  ST Index/MSCX S'pore Index CK Lau Refco Singapore THE Singapore stock market yesterday extended its losses in line with other weaker regional markets as investors set out to book profits after the recent strong gains made by technology stocks. The benchmark Straits Times Index tumbled
      312 words
    • Article
      Lock icon Futures end higher after early dip
      235 8  -  HSCHUmaMii Daniel Wong Refco Singapore TAIWAN stocks yesterday extended gains with investors' increasing expectations that semiconductor demand would pick up later this year. The MSCI Taiwan Stock Index climbed 1.38 points, or 0.65 per cent, to end at 213.12. The turnover for the MSCI
      235 words
    • Article
      Lock icon CURRENCY REPORT
      232 8 Reuters THE US dollar rose around a third of a per cent against the euro yesterday, recovering from the previous session's 21/2 month lows, with attention firmly focused on the US payrolls data later in the day. While the greenback gained some ground against most major currencies, its
      Reuters  -  232 words
    • Article, Illustration
      Lock icon Untitled
      1077 8 MHra MttirMtxyr Stat 1-3 ft long >3 fi nrrBKBAMKCEOMRATBi Ami C$ >* tw h fm Wm m BtHtfa Hm 9 —i if* M* Pm* m *Btn0i 0.795 4299 1500 3459 IBS 4049 24X6 49.710 0442 1651 1911 1237 ***** 27J90 0.921 42ft 0JB7 17.*****341 0362 038 Cwa* 1257 1405 0.739
      1,077 words
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  • Article
    Lock icon COMMODITIES
    1487 9 gOOM PIITUEB8 Aug 3 5?5S& <^1 o*m tttot Opn ItoH tor tot fliwn) Itomt Sfll W5.00 107.00 NwOI 101.00 to 01 109.00 ISS 3 COHTIACT (US cMh/k|) Mm OpM to* 1— Stt ftWM) Itornt s#0» 5100 58.00 57.75 200 *75 Oct 01 5150 5830 5025 300 2225 NovOI 50L55
    1,487 words
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  • Article
    Lock icon STOCKS asia
    7061 10 HONG KONG vat *t» mm rooo> AcrniAui Muftimadta 194 unci) 300 Alpha CM 0.04 unci* 6310 Amoy Prop 8.99 0.10 2314 AnandalMngOn 0.14 0.00 ***** Angang Naw Staai H LOO -0.05 ***** AnhuiCanchH 1.63 -0.04 4200 Anhui Exprassvay H L19 -0.06 3216 Arc ontach Corp 1.15 -a 01
    7,061 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      532 10 Notices IN THE MATTER Of THE COMPANIES ACT, CAP. 50. AND IN THE MATTER Of THE ENTERTAINMENT A RECREATIONAL PEOPLE PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) At on Extraordinary Gonoral Mooting of the Members and Creditors of the abovenamed Company hold at 2 Mirth Reed, ***** HMC Building, Singapore *****4
      532 words
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      Lock icon Page 10 Advertisements Column 2
      291 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SIAA PTE LTD (IN CREDITORS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN, pursuant to section 296 of th« Companies Act, Cap. 50, that the Meeting of Creditors of the above named Company will be held at 108
      291 words
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  • WORLD news
    • LATE Briefs
      • Article
        Lock icon Siemens to cut 5,000 more jobs: report
        114 11 Dow Jones Newswires [BERLIN] Siemens AG plans to cut about 5,000 additional jobs at its fixed-line telecommunications unit Information and Communication Networks, or ICN, the Financial Times Deutschland reported citing company sources. More job cuts will also be necessary at consultancy unit Siemens
        Dow Jones Newswires  -  114 words
      • Article
        Lock icon SK Telecom posts record mid-year net
        62 11 Reuters [SEOUL] South Korea's SK Telecom yesterday posted record mid-year earnings as an end to subsidies for phone buyers allowed big savings in operating costs. SK Telecom's mid-year net rose 70 per cent to 632 billion won (*****.53 million) from 371 billion won a
        Reuters  -  62 words
      • Article
        Lock icon PepsiCo gains control of Gatorade
        86 11 Bloomberg. [NEW YORK] PepsiCo Inc, the second-largest soft-drink maker, completed its US$l4 billion acquisition of Quaker Oats Co, gaining top-selling Gatorade sports drinks. The purchase was cleared on Thursday after the US Federal Trade Commission deadlocked on a staff recommendation to challenge the takeover because
        Bloomberg.  -  86 words
      • Article, Illustration
        Lock icon Intel, Infosys set up e-biz lab
        105 11 -FP [BANGALORE] The world's largest chip maker Intel and Indian software firm Infoeys Technologies Lid said yesterday they have set up an electronic business development centre in Bangalore. "The Infosys-Intel Lab is the first e-business solutions lab of its kind and will focus on
        -FP; AFP  -  105 words
      • Article
        Lock icon BA and AA plan new alliance
        82 11 AFX [LONDON] British Airways pk and AMR Corp unit American Airlines said they have plans for a new alliance which will include wide-scale codesharing. The companies will file applications for anti-trust immunity in the US and clearance for their proposals in the UK and
        AFX  -  82 words
      • Article
        Lock icon Sony gets 100b yen credit line
        87 11 Bloomberg [TOKYO] Sony Corp, whose debt rating outlook was cut by Moody's Investors Service this week, obtained a 100 billion yen (511.43 billion) credit line from six Japanese banks, including Sumitomo Mitsui Banking Corp. Sony signed a contract on July 19 under which a
        Bloomberg  -  87 words
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        Lock icon France Telecom seeking Japan tie-ups
        63 11 AFP [TOKYO] France Telecom wants to enter Japan's mobile phone market through comprehensive tie-ups with Japanese mobile phone firms, company chairman Michel Bon said in a report yesterday. Mr Bon said he was meeting senior managers of Japan's mobile telecoms leaders KDDI Corp and NTT
        AFP  -  63 words
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      Lock icon US jobs data hint at end to rate cuts
      502 11 WASHINGTON Bond prices slump on inflation fears; stocks also seen falling Dow Jones Newswires, Bloomberg The US jobless rate held steady in July as employers cut fewer jobs than they did the month before, suggesting the economy is stabilising and curbing
      Dow Jones Newswires,; Bloomberg  -  502 words
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      Lock icon EU faces a linguistic minefield
      639 11  -  i =1 from brussels shada islam WITH 15 member states, 11 official languages and a multinational staff of over 15,000, work and play in the European Union's many institutions has never been for the linguisticallychallenged. Now prepare for even more chaos as up to 13
      639 words
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      Lock icon Brace for market crash: Dresdner
      324 11 LONDON Revisions in Q2 US data will revise away 'productivity miracle' of recent years, it says Reuters US PRODUCTIVITY data due out on Tuesday could shatter belief in a "new paradigm" economy of high growth and low inflation, triggering a stock market crash, a leading
      Reuters  -  324 words
    • Article, Illustration
      Lock icon Unilever surprises with 54% gain in Q2 profits
      380 11 LONDON It makes Lsb euros for the period; expects to meet annual target Reuters ANGLO-DUTCH consumer products giant Unilever yesterday reported a higher-th an-ex-pected 54 per cent rise in second quarter profits and said it was still on track to meet its
      Reuters  -  380 words
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      Lock icon Japan aims for 3t yen spending cuts
      464 12 TOKYO Move is pillar of Koizumi's structural reform policy Reuters PRIME Minister Junichiro Koizumi's economics team agreed yesterday to target a net three trillion yen (Ss43 billion) of spending cuts in the next fiscal year beginning in April 2002 as part of his
      Reuters  -  464 words
    • Article
      Lock icon S Korea to 'eliminate' market uncertainties by end-Sept
      385 12 SEOUL Minister says this will set stage for an economic rebennd in the fourth quarter AFX-Asia, Bloomberg SOUTH KOREAN Finance and Economy Minister Jin Nyum said the government would eliminate market uncertainties by the end of September by concluding talks to sell
      AFX-Asia,; Bloomberg  -  385 words
    • Article, Illustration
      Lock icon Argentina slams foreign speculators
      477 12 BUENOS AIRES Reuters, AFP ARGENTINA, already on the ropes and bloodied, has started jabbing back at foreign "speculators" who have bet it will default and succumb to a devaluation of its peso currency. After struggling to pull together a drastic cost-cutting plan and huge bond swaps
      Reuters,; AFP  -  477 words
    • Article
      Lock icon Goldman, SocGen fined by Japanese watchdog
      263 12 TOKYO Bloomberg GOLDMAN Sachs Group Inc and Societe Generale SA units were fined yesterday by the Japan Securities Dealers Association after being found to have violated Japanese securities laws. Goldman Sachs (Japan) Ltd was ordered to pay a five million yen (SI71.500) fine and
      Bloomberg  -  263 words
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  • Article
    Lock icon SGX clob
    1906 12 BOMDSJfc WARRANTS rn MM Mas/ t«ky l4tf Mm MM III *4 Mta tar Mi MM Mi «ar- WW lab Bp»r fcta M» MM (%> U0 393 26 t ASTI******1 30 -2 205 33 30 30 30.5 28 264 1 M *****4 73 23 t AIITach ******7 3M 3
    1,906 words
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  • eNews
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      Lock icon Broadband bid: Comcast seeking AT&T proxies
      349 13 WASHINGTON Tactic to force AT&T chairman Armstrong to sell Bloomberg COMCAST Corp, the third-largest US ca-ble-television operator, may seek proxies from AT&T Corp shareholders to support its unsolicited U5553.6 billion bid for AT&T's larger unit. AT&T has delayed seeking share- holder approval of a
      Bloomberg  -  349 words
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    Lock icon STOCKS sgx
    7852 13 SOX MADfBOARD Cr Or MM 52-Wk LM Val Day IstQMto Hr Ni M M Cap A«f M# L— Cl—■■» Sd» W- (1— I—I L— Buyer M» Cw W1 ti Ma MULTMNDUSTRY 143 35 c Aorta 50c 40 unch 42 40 39 39 40 0.5 19.9 0.6 10.5 694
    7,852 words
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  • BT motoring
    • Article, Illustration
      Lock icon Plain looks mask the C5's star qualities
      856 14  -  The car is Citroen's first serious stab at fame and fortune, says Christopher tam CHRISTOPHER TAN IF there's one thing car buyers can never get enough of, it's cabin space. We've heard all sorts of criticisms about cars too big, too tall, too
      FILE PHOTO  -  856 words
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      Lock icon Bavarian brain teaser
      769 14 When a car is excessively smart, it can end np looking rather silly IN THE automotive industry, the unveiling of a flagship product is a climactic moment of truth. How will the public, after months of frothy anticipation, react to the new car? Instead of waiting for
      769 words
    • Article, Illustration
      Lock icon Hold your breath for the Merc SL New Year show
      527 14  -  The high-end car features fast roof, sensotronic brake AH reports by Christopher Tan Christopher Tan IF you can't decide between a Jaguar XKR and a Lexus SC43O, or if you're flipping a coin over a Porsche 911 Cabriolet and a
      527 words
    • Article, Illustration
      Lock icon Last call for Crewemade Rolls Royce
      336 14 ATTENTION all millionaires, this may be your last chance to buy a Crewe-made Rolls-Royce. Rolls-Royce and Bentley Motor Cars has announced it will make its "last of line" series of Silver Seraphs before BMW takes over the manufacturing licence at the end of next
      336 words
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      94 14 If you have something $100 worth of motor-related to get o*i vouchers. p < res are your chest, write to us. V/X/fH QQI sponsored by We welcome feedback STAMFORD TYRES. and suggestions from matters s ,n W s .»i y readers. listed tyre and auto The AUTOMOBILE services group. ASSOCIATION
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  • BIZ woman
    • Article
      Lock icon THE PROGRAMME
      646 15  -  Compiled by Aaron Lye MUSIC Singapore Chinese Orchestra Community Series Concert The SCO takes the arts scene to the heartland in its ongoing community outdoor concerts, performing Chinese classics, including Spring Rain, Die Lion Hua and Lan Hua Cao. Today, 6pm, Kolam Ayer Community Centre and tomorrow, Botanic
      646 words
    • Article, Illustration
      Lock icon Krall's feat
      1479 15  -  Grammy-winning Diana Krall sings like a chanteuse but talks like a cowgirl. Beneath the sexy image lies a jazz singer serious about her music, taxhweehweb discovers what keeps the world enthralled TAN HWEE HWEE WITH a Grammy on her mantlepiece and an album that's shifted nearly two million
      1,479 words
  • THE arts
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      Lock icon Tuned in to the heartland
      396 15  -  Lovew&ve 96.6 does a decent job of bringing theatre to the masses By. Aaron Lye WATCHING Lovewave 96.6, a production of The Necessary Stage's Necessary Community Festival, was analogous to what looking at radio waves would be like if they were visible lots of ups
      396 words
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      112 15 Ak OnrntmcKi Obbatituuiu INVEST MELBOURNE BRAND NEW CONCIERGE APARTMENTS I The Sentinel h SUPERB INNER f ro m CITY SOUTHBANK |1 fill LOCATION audsZ<>3.UUU BRAND NEW 34 LEVEL TOWER Freehold Title v i 10 yr building warranty 10°o deposit, no progress payments RESORT STYLE Save up to AUDS26,OOO in FACILITIES:
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  • Page 15 Miscellaneous
    • Miscellaneous
      Lock icon Page 15 Miscellaneous Column 1
      238 15 CR7PTIC CROSSWORD ACROSS 5 End of stocy, as they say (4) lAn unexpected end may well 6 The fruit a guy leaves (7) cal for such investigation (4-6) 7 Imprecise new diet fine in 9 A small number backed the bukfcng up (10) Church at one time (4) 8 Humiliation
      238 words
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  • EXECUTIVE Arts
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      Lock icon Show & Tell
      1221 16  - Show Tell For volunteers at three of the National Heritage Board's museums, interest and the passion to share made them willingly give up Saturday afternoons for 6 months to learn about S'pore history, society, culture and art CHEAHUMfOON finds out how this has enriched their lives CHEAH UI-HOON IMAGINE going
      CHRIS LOH  -  1,221 words
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      Lock icon Sim-ply writing
      1144 16  -  10 years on after winning playwriting awards, Desmond Sim is still going strong with new work Autumn Tomyam premiering in end-Aug. As for now, he wants to write heartfelt stories, he tells parvathi nayar PARVATHI NAYAR SINCE winning both first and second prizes in the NUS/Shell Short Play
      RICHARD CHNG  -  1,144 words