The Business Times, 6 February 1999

Microfilm: NL21381
Total Pages: 22
1 22 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    15 1 THE BUSINESS TIMES MITA (P) 046/12/98 85« SINGAPORE Internet: http://business-times.asial.com.sg/ WEEKEND EDITION, FEBRUARY 6-7, 1999
    15 words
  • Article
    MARKET SUMMARY
    59 1 DuMllß (-18.72) DnSVift)) □meg wrung MUM (4.60) STOCK MARKET IHDKES Friday Change klse comp Han mt NIKKEI I3JMM6 188.77 HANOSENO 1,***** -248.46 SET INDEX JJ7 H 411 JAKARTA COMP 406J6 4.47 MANILA OOMP —1,177.84 -&4« TAIPEI WP! 1,474.79 SEOUL OOMP Mill +1JJ4 CLSA CHINA B 464.84 *L7« AU8T
    59 words
  • Article
    FINANCE
    80 1 F08EX BATES USI ss US$ 1.686 £(US$/S$ per IJ44 1772 EURO(US$/S$ per E) LI* 1.913 DM L72J 0178 YEN till MM* KM 1866 1444 HKS 7.741 1218 8AHT 3186 1046 WJPIAH 8jm 1611* 'St torn mm FKDOIIATES SINGAPORE* 5.91 KUALA LUMPUR 11.50 JAKARTA 28.00 BANGKOK 1475 MANILA 1190 HONOKDNO
    80 words
  • Article
    PacNet leaps 400% to US$88 on Nasdaq debut
    655 1  -  SembCorp unit ups IPO size to 3m shares at US$l7 By Teh Hooi Ling [SINGAPORE] Pacific Internet exploded on the Nasdaq market yesterday with a 400 per cent jump to US$BB as investors swooned over the ea-gerly-awaited issue. At that price, the
    655 words
  • Article, Illustration
    Lock icon PM Goh to local banks: don't be complacent
    890 1  -  Size does matter when jostling with big foreign players; banks mnst upgrade By I Conrad Raj [SINGAPORE] Prime Minister Goh Chok Tong yesterday had this stern advice for Singapore banks: they may be the strongest in Asia but this does not mean
    ARTHUR LEE  -  890 words
  • Article
    Jan home sales can't be sustained: analysts
    484 1  -  By. Marissa Chew [SINGAPORE] Given the still uncertain outlook for the economy, January's robust sales of some 1,000 private residential units may not be sustainable, property consultants and investment analysts said. "I would be very alarmed if it hits 12,000," said Pruden-tial-Bache Securities'
    484 words
  • Article
    KL tax applies to bonds, properties
    364 1  -  Move aimed at plugging potential loophole Prom Eddie Toh in Kuala Lumpur FOREIGN investors who invest in Malaysian properties and bonds from Feb 15 will be subject to the new capital gains tax which ranges from 10 per cent to 30 per cent, the
    364 words
  • Article
    MSCI deals blow to M'sian move to attract fresh capital
    1180 1  -  It wants 'invest&ble status'certainty before reinstating M'sia in key indices From, Eddie Toh, Ruth Wong, Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S hopes of attracting fresh portfolio capital after easing a key capital control measure this week were dealt a
    1,180 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      137 1 DHBPB Malaysia's recapitalisation agency Danamodal Nasional Bhd yesterday gained effective board representation in four banks and finance companies, Pfi IT put Singapore and Thailand yesterday signed an agreement to deepen and widen their information technology links with an eye to using their cooperation in electronic commerce as one way to
      137 words
    • Advertisement
      Page 1 Advertisements Column 2
      3 1 Fun report, pg7
      3 words
Page thumbnail Page 2
  • SINGAPORE AT HOME & ABROAD
    • Article
      64% jump in number of illegal immigrants, overstayers arrested
      302 2 THE number of illegal immigrants and overstayers arrested last year increased by 64 per cent to 23,000 from 14,000 in 1997, according to Home Affairs Minister Wong Kan Seng. This is the highest number of illegal immigrants and overstayers arrested since
      302 words
    • Article
      S'pore seen recovering to 5% growth in 2-3 years
      370 2  -  M'sia, Thailand expected to rebonnd in about 3Vfe years: survey of MNCs I*y Eugene Low PARTICIPANTS of the Presidents Forum, which ended yesterday, expect the Singapore economy to recover to a steady 5 per cent rate of growth in two to
      370 words
    • Article, Illustration
      Lock icon GST errors in corporate tax returns
      474 2  -  IRAS official reveals non-compliance areas in a seminar By I Soh Tiang Keng FAILURE to account for the goods and services tax on one-off transactions, disposal of fixed assets and sale of nonresidential properties are among the areas of non-com-pi iance by firms filing
      FILE PHOTO  -  474 words
    • Article
      A more realistic Budget wishlist
      781 2  -  EYE ON THE ECONOMY By, Anna Teo OVER the next few weeks, Singapore businesses are likely to be asked by the media about what they hope to see in the upcoming Budget at month-end. And seeing as they have had two rounds of off-Budget "giveaways"
      781 words
    • Article
      HDB bond yields at 3.96-3.98%
      90 2 THE Housing and Development Board said yesterday that the retail portion of its $300 million bond issue is priced at $0,996 per $1 in principal amount of bonds, which has a coupon rate of 3.875 per cent. This translates to an effective rate of return
      90 words
    • Article
      Why the hurry to resume land sales?
      434 2  -  SATURDAY MAILBAG Oh Soh Beng Singapore BUSINESS Times reader Tan Guan Heng, in his letter "Lowering debt, cost of living" (BT, Jan 23), seems to have missed the crux of my arguments. Nowhere in my letters did I, as he mistakenly claimed, "defend
      434 words
    • Article
      Pray tell, why dual listings still?
      185 2  -  Winston Lee Singapore I REFER to your report, "Foreign, Local Shares see yawning price gap" (BT, Dec 15, 1998). Since my letter on this subject was published on Dec 18, 1998 ("2-tranche listings: Who decides?"), Alex Au, vice-chairman of OCBC, had thrown some light
      185 words
    • Article, Illustration
      Lock icon Need to rethink wealth creation
      352 2  -  Warren Low Singapore IT was good to read R Sivanithy's criticism of a dealer's view of the covered warrants launched by Merrill Lynch ("Covered warrants: misplaced views need addressing", BT, Jan 22). Such views are still so commonplace in Singapore and as we pride ourselves
      FILE PHOTO  -  352 words
    • Article
      No such meeting at Dr M's residence
      133 2  -  Badrul Hisham Mahzan Press Secretary to Daim Zainuddin I HAVE been directed by the Hon Tun Daim Zainuddin to refer to your article "A weaker or stronger Mahathir?" (BT, Jan 13) and quote: "The evening meeting at Dr Mahathir's residence a month ago
      133 words
    • Article
      Truly free press vital in 'thinking' democracy
      150 2  -  Rajiv Chaudhury via Internet PEGGY Lim's letter "Media should present a more balanced picture" (BT, Jan 23) is well-written but stops short of reaching the logical conclusion developed by her arguments. In this era of deregulation which leaves no sacred cows in the
      150 words
    • Article, Illustration
      Lock icon S'pore, Thailand sign pact to broaden IT links
      473 3  -  Cooperation in e-commerce seen as one way to spar economic recovery From Harish Mehta in Bangkok SINGAPORE and Thailand yesterday signed an agreement to deepen and widen their information technology links with an eye to using their cooperation in electronic commerce as
      AFP  -  473 words
    • Article
      Redas re-elects Daniel Teo as president for 4th time
      289 3 THE Real Estate Developers' Association of Singapore (Redas) yesterday re-elected Daniel Teo as its president for another two-year term till February 2001. Mr Teo, who took over from Heng Chiang Meng when the latter resigned in December 1997, is chairman and
      289 words
    • Article
      Corrections and clarifications
      52 3 IN the article "Chee chooses seven days' jail over fine for unlicensed public talk", on Wednesday, it was reported that Singapore Democratic Party chief Chee Soon Juan had 14 days to appeal the judgment. This is incorrect. He had 10 days to appeal. We are sorry for
      52 words
    • Article
      Shell, PCS finalising US$100m project
      431 3  -  Green light for Bnkom facility could come in Q2: sources By] Ronnie Lim SHELL and Petrochemical Corporation of Singapore (PCS) are finalising an investment estimated to cost more than US$lOO million (*****.5 million) for a condensate splitter at Shell's Bukom refinery which will supply naphtha
      431 words
    • Article, Illustration
      Hungary sold as tariff-free export gateway to Europe
      398 3  -  Excel, Th&kr&l, NEL among S'pore firms already there By\ Louis Beckerling SINGAPORE companies looking for a tariff-free gateway from which to export into the European Union have been invited to check what Hungary has to offer. In Singapore this week to promote
      398 words
  • Page 2 Advertisements
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      163 3 Logistics in the 21 century meet the challenges? Achieve higher quality, efficiency, prompt deliveries and service by integrated teamwork with the Software System LAGOS for the Warehouse and Material Flow Optimization /f» ~>■' r 'r > t u;; r •I > ,>'■ 'V 4 V« n 4 \''t •t 'f*
      163 words
Page thumbnail Page 4
  • ASIA'S ECONOMIC SLUMP
    • Article
      Danamodal strengthens hand in banks given rescue loans
      489 4  -  Funds to AMMB units, BSN, RHB converted to equity, long-term debt From, Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S recapitalisation agency Danamodal Nasional Bhd yesterday gained "effective" board representation in four banks and finance companies, by converting rescue loans into equity and
      489 words
    • Article, Illustration
      Lock icon Taiwan's Q4 growth seen at 4.2%
      258 4 Reuters [TAIPEI] Taiwan's economic growth likely slowed in the fourth quarter as Asia's recession severely ate into exports and slowed private investment while a slumping stock market cooled consumption, a Reuters poll showed. The survey of six Taiwan economists forecast on average that Taiwan's
      Reuters; AFP  -  258 words
    • Article
      MSCI slashes discount applied on M'sian stocks
      443 4  -  From Diana Oon Abdullah in Kuala Lumpur A DAY after Malaysia eased its capital controls, Morgan Stanley Capital International (MSCI) has halved the discount rate applied on Malaysian stocks effectively raising their weightage in the remaining MSCI emerging markets and all-country indices that
      443 words
    • Article, Illustration
      Lock icon US-Japan dispute over monetary easing hots up
      879 4  -  BOJ resisting US pressure to buy Tokyo govt bonds From, Anthony Rowley in Tokyo A DISPUTE between the US and Japan over whether the Bank of Japan should be encouraged to "print money" by making direct purchases of government bonds grew more intense
      FILE PHOTO  -  879 words
    • Article, Illustration
      Lock icon A$ springs through 65 US cents to hit nine-month high
      267 4 Strong offshore buying, economic outlook buoy unit AFP [SYDNEY] The Australian dollar vaulted more than one US cent to hit a nine-month high yesterday, cheered by solid offshore buying. Growing positive sentiment about Australia's economic performance lifted the local currency
      AFP; Source: Bloomberg  -  267 words
    • Article
      Lock icon Japan leading index tops boom-bust line
      240 4 Bloomberg [TOKYO] Japan's leading index, a key gauge of future economic conditions, topped the 50 per cent "boom-bust" line for the second straight month in December, signalling improvement in the recessionstruck economy. The diffusion index of leading indicators, which signals economic trends three to
      Bloomberg  -  240 words
  • Page 4 Advertisements
Page thumbnail Page 5
  • SOUTH-EAST ASIA
    • Article
      Lock icon Japan says it'll lend US$2.4b to Indonesia
      417 5 JAKARTA Jakarta may also get interest subsidy of about USs62om AFP JAPAN will lend US$2.4 billion (Ss4.o billion) to Indonesia under a rescue package proposed by Tokyo for crisishit Asian countries, Japanese officials announced here yesterday. "The support package will be a combination
      AFP  -  417 words
    • Article
      Lock icon First of Apec meetings for '99 begin on Monday
      265 5 WELLINGTON Reuters THE Asia-Pacific Economic Cooperation (Apec) forum meetings of 1999, hosted by New Zealand, begin in earnest on Monday against a background of international and domestic doubt over the future of trade liberalisation. New Zealand's year in the chair will
      Reuters  -  265 words
    • NOTE Book
      • Article
        Lock icon KL eases ringgit movement to Thailand
        71 5 AFP [KUALA LUMPUR] Malaysia's central bank said yesterday that it has relaxed the import and export of the local ringgit currency with immediate effect for cross-border trade with Thailand. Bank Negara said the amount of ringgit that border traders can have in their possession
        AFP  -  71 words
      • Article
        Lock icon Thai foreign reserves fall to US$29b
        93 5 Bloomberg [BANGKOK] Thailand's gross foreign reserves declined by US$4OO million (***** million) in the week to Jan 29 as the central bank paid off a portion of the loans it took out during a Called currency defence in 1997. Gross reserves fell to US$29
        Bloomberg  -  93 words
      • Article
        Lock icon First new Indon parties in decades
        76 5 Reuters [JAKARTA] Indonesia registered new political parties yesterday for the first time in nearly 30 years as the country prepares for a June national election and its first taste of democracy in decades. Oka Mahendra, a member of a government-appointed team charged with registering
        Reuters  -  76 words
      • Article
        Lock icon Ieng Sary warns against trial
        58 5 Reuters [PHNOM PENH) Former Khmer Rouge foreign minister leng Sary has warned that any attempt to bring him and other leaders of the notorious group to trial could spark renewed conflict in Cambodia and should be avoided. "Whatever breaks national reconciliation should be avoided," he
        Reuters  -  58 words
    • Article
      Lock icon Asian nations seeking global code for probing pirate attacks
      500 5 SINGAPORE Int'l Maritime Bureau says actual number may be 8 times that reported AFP ASIAN countries yesterday called for a global code for investigating pirate attacks on ships, which experts say have been grossly under-reported with only one out of eight
      AFP  -  500 words
    • Article, Illustration
      Lock icon Farmers demand Bangkok help in getting debt moratorium
      273 5 BANGKOK Reuters THOUSANDS of angry farmers staged a sit-in yesterday at a Bangkok landmark and demanded that the government help them secure a moratorium on debts owed to a state-run agriculture bank. About 5,000 farmers from the impoverished north-east-ern provinces, who have
      Reuters; REUTERS  -  273 words
    • Article
      Lock icon Thailand, China sign accord to deepen economic, military ties
      310 5 BANGKOK Bangkok says it considers Taiwan part of China Reuters THAILAND and China signed a "Plan of Action for the 21st Century" yesterday providing for closer political and economic contacts and enhanced military cooperation. A 15-point agreement signed by Foreign Minister
      Reuters  -  310 words
    • Article
      Lock icon M'sia's Dec trade surplus hits record RM6.7b
      183 5 KYALA LUMPUR Bloomberg MALAYSIA'S December trade surplus widened to a record 6.7 billion Malaysian ringgit (Ss3 billion), swelling the 1998 surplus to its highest in at least 14 years. December exports rose 13 per cent from a year ago to RM25.9 billion. Imports
      Bloomberg  -  183 words
    • Article
      Lock icon Make Indon republic a federation, urges Aceh governor
      358 5 JAKARTA AFP THE governor of Indonesia's troubled Aceh province has called for the country to change from a republic to a federation to maintain unity in the face of growing separatism and regional unrest. The governor, Syamsuddin Mahmud, made the landmark call
      AFP  -  358 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      332 5 The Receiver and Manager of SH Sameyeh Pte Ltd will be holding an auction to realise the company's assets. The SH Sameyeh Pte Ltd Collection which includes Museum level pieces will be auctioned by Mr Bruce Granger AN IMPORTANT EXTRAORDINARY (RESTRICTED) AUCTION HIGH INTERNATIONAL STANDARD exceptional and rare items seldom
      332 words
Page thumbnail Page 6
  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon HK property seen staying flat until 2000: Salomon
      471 6 HONGKONG Recent rally unlikely to carry on with rising supply, continuing recession AFP, AFX-Asia HONGKONG'S residential property prices are likely to remain flat for the next nine months, but will steadily increase over the year 2000, a leading investment house predicted yesterday.
      AFP,; AFX-Asia  -  471 words
    • Article
      Lock icon HK gears up for influx of mainland Chinese
      263 6 HONGKONG Survey to find out number coming after court's abode ruling Reuters HONGKONG has ordered a survey to determine how many people could flood into the territory after a court ruling opened the door to tens of thousands born on the mainland,
      Reuters  -  263 words
    • SINO Briefs
      • Article
        Lock icon Oversupply a result of
        55 6 Bloomberg [BEIJING] Chinese can't sell two-thirds of the products they manufacture, and none are in short supply, the Financial Ttma reported, citing official newspapers. The oversupply of goods, including steel petrochemicals and construction materials, is a reeult of competition from smuggled imports from countries whose currencies
        Bloomberg  -  55 words
      • Article
        Lock icon 'Two systems'working well UK
        41 6 AFP [LONDON) Eighteen months after the handover of Hongkong to China "our judgment Is that 'onaoountry, two systems' is working well and the Joint declaration is being properly upheld", the Foreign Office in London said on Thursday.—AFP
        AFP  -  41 words
      • Article
        Lock icon China bank to securities NPLs
        65 6 Bloomberg (HONGKONG) China Construction Bank, one of China's four big state-owned banks, is planning to saß bonds backed by non-performing loans to help stroogthsn its balance sheet, the South China Morning Past reported, quoting unidentified sourcsa. The bank is securities about one-third of its36obillion yuan
        Bloomberg  -  65 words
      • Article
        Lock icon Internet forum closed down
        45 6 Reuters [HONGKONG] Betylng has shut down CHtaa's moat famous Internet forum where sensitive issuee including the WBTigunmepBqttgecrackdni>nwwredißuiaiwl,a human rights group said yesterday. The forum, at ordered to ctoeecfown on Monday, the Information Centre of Human Rights Democratic Movement in China said.—Rtuitrs
        Reuters  -  45 words
    • Article
      Lock icon China may cut jet fuel imports this year
      239 6 SINGAPORE Reuters CHINA is likely to cut its jet fuel imports in 1999 as domestic supply is adequate, official and industry sources said yesterday. "The guideline has not changed, maximise domestic supply to meet jet fuel demand," said an official with the
      Reuters  -  239 words
    • Article, Illustration
      Lock icon Andy Lau's on track in Taiwan
      43 6 [TAIPEI] Taipei Mayor Ma Ying-jeou (Itfl) giving popular Hongkong movie star Andy Lau a plaque yesterday, making him "ambassador "of Taipei's rapid transit systems. Lau earlier toured a city outside Taipei with 70 children from orphanages. AFP
      AFP  -  43 words
    • Article
      Lock icon HK makes Viagra a prescription drug
      199 6 HONGKONG AFP THE Hongkong government yesterday approved the registration of male anti-impoten-cy drug Viagra, a health department spokesman said. But the male wonder-drug will only be available on prescription. "This means that the drug can only be supplied by doctors or sold in dispensaries
      AFP  -  199 words
    • Article
      Lock icon Private enterprises seen getting belter deal in China
      285 6 BEIJING Reuters CONSTITUTIONAL changes enhancing the status of China's private sector will help dismantle ideological hurdles but are unlikely to boost the economy in the short term, analysts said yesterday. Nevertheless, over time, private enterprises would find it easier to obtain bank
      Reuters  -  285 words
    • Article
      Lock icon Shandong Int'l share sale hit by post-Gitic fears
      418 6 HONGKONG It may have to scrap share sale or slice price by iip to a third Bloomberg SHANDONG International Power Development Co, with no orders (Torn banks working to sell its shares, may cut the price by a third or scrap the
      Bloomberg  -  418 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1405 6 OTY fUCMT CTA FU6HT CTD LM77I M50 U4579 2359 AMaMt M7381 l«0 M73H 2050 —W »»06 Ofr 1930 0f82 2090 $***** M50 **8229 2230 1*7304 M40 UM300 2230 W> 1 1 $0229 2230 f+mta SOW 1730 $0990 0115 AmtertM KLM3 0540 U844 0105 C«W0»|WC $0603 198
      1,405 words
  • Page 6 Advertisements
Page thumbnail Page 7
  • ASIA
    • Article
      Lock icon Court clears way for A$1b class action against Esso
      253 7 MELBOURNE Reuters A FEDERAL court judge cleared the way yesterday for plaintiffs to seek more than All billion (Ssl.l billion) in damages from Esso Australia Ltd for a gas supply cut last September in Australia's largest ever class action. Esso had
      Reuters  -  253 words
    • Article, Illustration
      Lock icon Hanson faces party mutiny, demand for leadership vote
      512 7 SYDNEY Three One Nation MPs quit, seven others threaten to follow Reuters EIGHT months after its electoral debut, Australia's xenophobic One Nation party, which once dominated international headlines, has all but fallen apart. The party faced a mutiny yesterday after three of
      Reuters; REUTERS  -  512 words
    • Article
      Lock icon S Korea cuts net foreign debt by 59% to US$22b
      348 7 SEOUL Boost from foreign investment, current account surplus Bloomberg, AFP SOUTH Korea's net external liabilities shrank by 59 per cent last year as a current account surplus and more foreign investment in the nation enabled banks and companies to repay
      Bloomberg,; AFP  -  348 words
    • Article
      Lock icon US outpost to act on garment 'sweatshops'
      296 7 AUCKLAND Move for watchdog to oversee factories in S&ip&n AFP AUTHORITIES on the North Pacific island of Saipan are moving to clamp down on garment factories amid claims that thousands of Asian workers are being forced to toil in sweatshop conditions. Some 50,000
      AFP  -  296 words
    • Article
      Lock icon India's foreign minister welcomes talks offer
      178 7 LONDON Reuters INDIAN Foreign Minister Jaswant Singh on Thursday welcomed Pakistan's offer to discuss issues dividing them. "We welcome the suggestion made by (Pakistani) Prime Minister Nawaz Sharif and would be ready to discuss at the appropriate level... all the confidence-building measures including the
      Reuters  -  178 words
  • SHIPS IN PORT
    • Article
      CONVENTIONAL WHARVES
      378 7 M —.1 M t ftim toy no mtcr wn?<i Mfinw Jn)M Mm UKfey 03/99 J02 tfonpMt 05.02/2300 Mnmrta 03/99 J16 OonfiMi 0102/1200 RDtoiliS 02M99 JOI riompidt 06.02/0600 M M«M*2 *****9 JOI MmiHI 06.02/0*00 OMWf SMaq S J02 <H|rt 07.02/1500 J» K* 0299a J09 Hon*M* 07.02/0700 TraptcH 21 03-99
      378 words
    • Article
      CONTAINER SCHEDULES
      1369 7 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO Boofclnq/BaUnc* Rstls SMp Vy Wo Ctfc/ltr Nrtod Frew Tt Frxm *ct «m or/aoo a mm 04/049* 04/0*00 04/0700 o*/ns* 04/noc 4 OI/BM M/mm 04/1700 ttmfn z mi arm a ovirao m/ou* mm J MOW 04/119* o*/uoc 4 04/1200 04/MM 04/1700
      1,369 words
Page thumbnail Page 8
  • THE WORLD
    • Article, Illustration
      Lock icon King Hussein clinically dead, hours after flying home
      431 8 AMMAN He's being kept alive on life-support machine, there is no more hope: official AFP JORDAN'S King Hussein was proclaimed "clinically dead" "in hospital here yesterday hours after flying home following failed cancer treat--1 ment in the United States. Officials said he
      AFP; REUTERS  -  431 words
    • Article
      Lock icon US Jan job growth brisk, unemployment steady
      441 8 WASHINGTON Data show economy continues to ran ahead of'presumed potential': economist Reuters THE booming US economy churned out new jobs at a brisk pace in January as the unemployment rate remained near its lowest level in almost three decades, the government said yesterday.
      Reuters  -  441 words
    • Article
      Lock icon Senate votes against calling Lewinsky to testify in person
      261 8 CTJirrorgIMPBJUiHMHMT TRIAL Bat her videotaped deposition will be shown today NYT [WASHINGTON] After voting by more than two-to-one not to call Monica Lewinsky to testify in person at President Bill Clinton's impeachment trial, the Senate on Thursday approved by a narrower
      NYT  -  261 words
    • Article, Illustration
      Lock icon Brazil markets down as fuzzy IMF deal disappoints
      639 8 SAO PAULO Bloomberg BRAZIL'S stocks, currency and bonds fell yesterday after a new agreement with the International Monetary Fund left unclear how the government will cut its budget deficit or interest rates enough to repay a ballooning debt, investors said. They said
      Bloomberg; REUTERS  -  639 words
    • Article
      Lock icon Fed promises to reveal future changes in bias
      488 8 WASHINGTON But it keeps mum on latest interest-rate discussions Reuters THE Federal Reserve promised on Thursday to lift partly the veil of secrecy surrounding its closed-door meetings but stopped short of disclosing any details about its most recent interest-rate deliberations. The central
      Reuters  -  488 words
    • Article
      Lock icon Clinton advisers see slower growth with low inflation
      587 8 WASHINGTON Bloomberg PRESIDENT Bill Clinton's advisers say the US economy will grow this year at a slower pace than last year's 3.9 per cent, with low inflation. "Postwar expansions have ended because of rising inflation, financial imbalances, or inventory overhangs," Janet Yellen,
      Bloomberg  -  587 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      49 8 Make mountains out of molehills. With so many fine educational and upgrading opportunities in The Straits Times Classified daily, it's no wonder our readers are inspired to scale the heights of knowledge. Advertise in the Education/ Training section (Classifications 703 to 794). Call C.A.T.S. at 1800-737-1166. m i CATS.
      49 words
Page thumbnail Page 9
  • FOCUS
    • Article, Illustration
      Lock icon Understanding the hi-tech jungle
      1278 9  -  A new book dissecls the IT industry, offering investors a look at where Silicon Valley companies stand in a hierarchy that apes the animal kingdom The Gorilla Game; An Investor's Guide to Picking Winners in High Technology By Geoffrey Moore, Paul Johnson and Tom Kippola Harper
      FILE PHOTO  -  1,278 words
    • Article, Illustration
      Lock icon It's safety first when going for Internet stocks
      974 9  -  Two good ways to dampen risk: Hold for long term and diversify By, James K Glassman LATWP [WASHINGTON] Politicians care about stocks for pub-lic-policy as well as strictly personal reasons. So it was not surprising, when US Federal Reserve chairman Alan Greenspan
      LATWP; FILE PHOTO  -  974 words
  • Page 9 Advertisements
Page thumbnail Page 10
  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Barbie set for 40th birthday party
      804 10 TOYS Famous doll will start year-long bash in NT tomorrow Reuters [LOS ANGELES] Barbie, the world's most famous doll, is joining a growing list of pop icons hitting the big 4-0, and the plastic bombshell is celebrating in style. While Barbie's birthday is not
      Reuters; FILE PHOTOS; FILE PHOTO  -  804 words
    • Article, Illustration
      Lock icon In love with Shakespeare
      761 11  -  Audiences are rediscovering his enduring appeal, and Shakespeare in Love makes the Bard come alive, debunking some stereotypes about him along the way, says wchaelsteen MICHAEL STEEN Reuters POUR hundred and thirty-five years after his birth, William Shakespeare is returning to his populist roots. Not only
      Reuters; FILE PHOTO  -  761 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      1701 10 J CRYPTIC CROSSWORD '1 Bravery of a number as old as 15 TO be so lithe is remarkable LbJ 16 Crowds gathering to see red- Bourse, for example (7,8) 27 Defile free ticket (4) lamp on until ordered (8,6) YESTERDAY'S SOLUTION 2H Hazards of exotic gardens (7) 13 Leisure pursuit
      1,701 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      529 11 IIJL AMn i. n J* A rtM/ i Presented Diners Club Offers Personalised Cash Access BHHt OB Where to wine# dine dnd entertßin*** imematiomr a t over 30,000 locations worldwide. 290 4545 "Tunch" is the best for lunch and high tea rolled into one. Which means longer serving hours and
      529 words
    • Advertisement
      Page 11 Advertisements Column 2
      34 11 VVIGH TEa Every Saturday, Sunday 8f Public Holiday iQP Noon to 5.00pm Adult: $23 \MZ Itevolvlnf Child: $15 Ke.t.ur.M ?ftk floor Reservations: *****58/88 -45— Mandarin |JJ Singapore 333 Orchard Road, Singapore *****7. Tel: *****11
      34 words
Page thumbnail Page 12
  • SPORTS
    • Article, Illustration
      Lock icon Untitled
      1685 12  - The 1999 NBA season has begun... Jerry Bembry shortlists the legitimate contenders Jerry Bembry LAT-WP Prom New York Knicks center Patrick Ewing, there was disappointment. Indiana Pacers guard Reggie Miller said the action left him with an empty feeling. And Miami Heat Coach Pat Riley spoke of not having that
      LAT-WP  -  1,685 words
    • Article, Illustration
      Lock icon Shouldergate
      720 12  -  Much ado about sexuality, bat not enough about tennis By] Lori Ridley LAT-WP AT one point in last week's Australian Open, tennis types Down Under began to call the whole Amelie Mauresmo mess "Shouldergate." Much was made of Mauresmo's shoulders. Much was made of the power game generated by
      LAT-WP  -  720 words
    • Article
      HK Sevens: It'll be all right on the night
      547 12  -  RUGBY New roles mean HK may lose its place on rugby's 15s calendar From, Shahiron Sahari in Hongkong THE death knell for 15-a-side rugby in Hongkong may have sounded, but its annual Sevens tournament still remains the jewel in the world
      547 words
Page thumbnail Page 13
  • COMPANIES & MARKETS
    • Article
      China's Unicom told to 'dispense with' foreign joint ventures
      557 13  -  Sing Tel, Lion Teck Chiang among investors who have pumped in USsl.4b By] Lu Ning [SINGAPORE] In a move that could affect some 40 overseas investors which have pumped in as much as US$l.4 billion (552.4 billion), China's telecommunications regulator has
      557 words
    • Article
      CPL to repeat special dividend
      370 13  -  By, Ang Wan May [SINGAPORE] Centrepoint Properties Ltd (CPL) expects to hand out a special dividend of seven cents a share this year, a policy it has adopted in the last two years. If last year's final dividend of eight cents a share (including a
      370 words
    • Article, Illustration
      Lock icon There's room for three operators: SingTel Mobile
      442 13  -  Firm among first to launch field trial of W-CDMA technology By' Teh Hooi Ling [SINGAPORE] Sing Tel Mobile yesterday expressed confidence that the mobile phone market here would grow adequately to support three operators. "There will be room for growth for all three
      ARTHUR LEE  -  442 words
    • Article, Illustration
      Lock icon Super Coffeemix opens $30m plant
      183 13 [SINGAPORE] Mainboardlisted Super Coffeemix Manufacturing announced the opening of a new $30 million plant yesterday. Situated on a 11,500 sq m site in Tuas, the facility will produce soluble, or instant, coffee. Super Coffeemix executive director Kuik See Juan told reporters at a press briefing
      CHRIS LOH  -  183 words
    • Article
      Beware downside as global bonds probably at their peaks
      616 13  -  HOCK LOCK SIEW Neil Behrmann THE Monetary Authority of Singapore has approved requests by international organisations to issue bonds denominated in Singapore dollars. Since the bonds will be on ofTer to local and international investors, will the bonds be a good
      616 words
    • Article, Illustration
      OCBC exec vice-president Margaret Koh resigns
      424 13  -  Third top official to quit since arrival of new OCBC head By i Conrad Raj THE exodus at Oversea-Chi-nese Banking Corporation continues as another member of its top management, executive vice-president Margaret Koh, handed in her quit notice yesterday. She's the third top official
      424 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Most S'pore property firms to post losses for '98: poll
        670 14 Developers expected to make as much provisions as possible AFX-Asia [SINGAPORE] Most property companies, except for City Developments, are expected to post negative earnings for 1998 on increased provisioning for losses on residential projects following the sharp fall in prices
        AFX-Asia  -  670 words
      • Article, Illustration
        Lock icon OSK aborts plan to buy MBf's stockbroking arm
        356 14  -  From, Eddie Toh in Kuala Lumpur THE troubled MBf group has failed to sell its loss-making stockbroking arm, MBf Northern Securities, to OSK Holdings. Listed OSK said it would not proceed with the plan to buy 70 per cent of the Ipohbased
        FILE PHOTO  -  356 words
      • Article
        Eagle IPO: Small investors get bulk
        274 14  -  By\ Marissa Chew [SINGAPORE] Small investors who applied for less than 10 lots of shares in Eagle Brand Holdings's initial public offer were allotted the biggest portion, or 45 per cent, of the issue. Those who applied for between 10 and 49 lots received
        274 words
      • Article
        SHK Properties includes euro in its new note programme
        416 14  -  First listed HK firm to launch such medium-term paper From Quak Hiang Whai in Hongkong SUN Hung Kai Properties, Hongkong's largest property group, yesterday launched a Euro medium-term note programme that includes the new euro currency the first listed company here
        416 words
      • Article
        Commerce Asset, Bank Bumi merger may come next week
        463 14  -  Deal will create Malaysia's second largest bank From Ruth Wong in Kuala Lumpur COMMERCE Asset Holding Bhd and state-owned Bank Bumiputra Bhd are expected to finalise their merger agreement as early as next week. Bank Negara governor Ali Abul Hassan Sulaiman
        463 words
      • Article
        HKSE chief: Far too many futures exchanges in world
        519 14  -  He says only 4 to 5 will survive in each financial time zone FYum. Loh Hui Yin in Hotufktmg THERE are far too many futures exchanges across the world and in the ensuing shakeout, only four to five would survive in
        519 words
      • Article
        Lock icon SembCorp not selling Jurong shares
        459 14 Bloomberg Reuters, [SINGAPORE] SembCorp Industries (SembCorp) said yesterday higher coupon cost for its debt resulting from a technical non-compliance amounted to $1.5 million a year and that it will not sell its shares in its Jurong Shipyard unit to raise cash and reduce debt. The
        Bloomberg; Reuters,  -  459 words
      • Article
        Lock icon Belgacom profit jumps 10% on cost cutting
        270 14 Bloomberg [BRUSSELS] Belgacom, Belgium's biggest phone company in which Singapore Telecom has a stake, said 1998 net income climbed 10 per cent as it cut costs and forecast profit growth will accelerate this yean The state-controlled company, in which Ameritech Corp of the
        Bloomberg  -  270 words
      • COMPANY Briefs
        • Article
          Good demand for FCC's NCCPS
          71 14 [SINGAPORE] First Capital Corporation has received acceptances and excess applications for 89.2 million non-redeemable convertible cumulative preference shares (NCCPS). This represents a 101.5 per cent subscription of its three-for-10 rights issue of 87.9 million NCCPS. Acceptances added up to 97 per cent of the issue.
          71 words
        • Article
          UOB buysmore UIC shares
          37 14 [SINGAPORE] United Overseas Bank has bought 449,000 United Industrial Corp shares for $291,900, or about 65 cents per share. This increases UOB's stake by 0.08 of a percentage point to 5.42 per cent.
          37 words
        • Article
          Heshe shareholder ups stake in firm
          39 14 [SINGAPORE] Heshe Holdings substantial shareholder Tan Suan Pit has bought one million Heshe shares at eight cents each, or $80,000, raising his stake by 0.32 of aS percentage point to 5.42 per cent.
          39 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Intel, AMD shares fall on fears of price war
        634 15 Intel set to onload new chips, cot prices to regain market share from rival Bloomberg [SUNNYVALE, California] Shares of No 1 computer chip maker Intel Corp and rival Advanced Micro Devices Inc tumbled on Thursday amid concern that the companies are
        Bloomberg; Source: Bloomberg  -  634 words
      • Article
        Lock icon Daiei to shut or sell unprofitable units
        307 15 Bloomberg [TOKYO] Daiei Inc, Japan's largest supermarket chain, will close or sell any unprofitable group companies within two years as a way of reducing its US$23 billion (5538.9 billion) debt, said Tadasu Toba, the company's new president. The retrenchment plan reverses the expansion
        Bloomberg  -  307 words
      • Article, Illustration
        Lock icon Profit at Samsung Electronics more than doubles
        577 15 Strong memory chip prices may boost earnings again Reuters {SEOULI Brisk sales of memory chips helped South Korea's Samsung Electronics Co more than double its net profit to 313.2 billion won (Ss4sl million) in 1998 from 123.5 billion a year earlier. Strong memory
        Reuters; REUTERS  -  577 words
      • Article
        Lock icon SEC to align disclosure standards
        196 15 Reuters [WASHINGTON] US securities regulators want the disclosure document filed here by foreign companies to meet recently approved international standards so as to reduce the obstacles to doing business globally. US Securities and Exchange Commission regulators said late on Wednesday in a news release that
        Reuters  -  196 words
    • Article
      BT SHARE INFORMATION SERVICE
      3802 15 Nataarn CM Mayfran Sap 24 P 1.142 0.121 130 0.20 Data TV 1Y TV IV Matro Htdgs Nov 11 I L960L 2.585 t* 2/46 Caaipaay aaa (Sn» (Sm> lets) t cts) Matalock Dec 2 I 173# 0.523 2.41 a73 Mld-Continant Sw30 P 2.716 0.370 2.72 183
      3,802 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon LTCM's Wall St rescuers make modest profit on investment
        685 16 Hedge fond said to be less risky than thought but backers nnlikely to get money back soon NYT [NEW YORK] Wall Street firms that rescued the giant hedge fund Long-Term Capital Management (LTCM) last autumn learned at a gathering on Thursday
        NYT  -  685 words
      • Article
        Lock icon Dai-Ichi Kangyo to ask for more public money: report
        219 16 Bank expected to seek 900b yen instead of 500b yen AFP [TOKYO] Japan's Dai-Ichi Kangyo Bank Ltd (DKB) will ask for more public money than it had planned to boost its capital and dispose of bad loans, a report said yesterday.
        AFP  -  219 words
      • Article, Illustration
        Lock icon Longer-term sentiment for euro weak
        445 16 Euro/US$: Euro/US$ slid at the beginning of the week to touch a low of 1.1290 on Monday. Thereafter the unit range-traded between 1.1287 and 1.1363 for the next two days. Activity picked up on Thursday as the euro initially dipped to a new low of
        Source: DBS Bank  -  445 words
      • Article
        Lock icon No plan to sell US paper by end-March: Meiji Life
        352 16 It is considering investing in them next fiscal year Bridge News [TOKYO] Meiji Life Insurance Co does not need to sell US Treasuries during this fiscal year, a senior company official said yesterday. In an interview with Bridge News, Kiyoshi
        Bridge News  -  352 words
      • Article
        Lock icon Citigroup fails to block voting on discrimination issue
        458 16 Bloomberg, Bridge News [WASHINGTON] Citigroup Inc lost a bid to prevent shareholders from voting on a proposal that urges the company to disclose more information on its affirmative action efforts. The world's largest financial services company sought to exclude the proposal by
        Bloomberg,; Bridge News  -  458 words
      • Article, Illustration
        Lock icon Nymex plans April debut for aluminum futures trading
        377 16 Bloomberg [NEW YORK] The New York Mercantile Exchange (Nymex) board approved an April starting date for aluminum futures, putting itself into competition with the top metal traded on the London Metal Exchange. The Nymex also set a March starting date for US
        Bloomberg; FILE PHOTO  -  377 words
      • Article
        Lock icon AIG to contest loss of Russian unit's licence
        246 16 Bloomberg [NEW YORK] American International Group Inc. the largest US insurer by market value, plans to fight to regain a Russian affiliate's licence, chairman Maurice Greenberg said in a statement. The New York-based insurer's RUS AIG unit lost its licence on Jan
        Bloomberg  -  246 words
      • Article
        Futures dip below 200 pts on rate concerns
        189 17  -  SIMK ZReports piVtfH gingapnrfl Tnitet Bob Butcher, Jardine Fleming INTEREST rate concerns prompted another attack on the closely watched 200 level in the MSCI Singapore Index ftitures. Unlike previous attacks this week, though, this one was successful. The lead month February contract
        189 words
      • Article
        Futures slip on earnings worry
        159 17  -  MS& Taiwan (Mores Cecilia Woo, Refco Singapore THE Simex MSCI Taiwan Stock Index futures opened lower yesterday with no new incentives for investors. However, there was an upsurge to the 245-246 level, when some stops were triggered. This resulted in a "fast market" being declared
        159 words
      • Article
        Lock icon Oil prices slip in the face of rising petroleum product supplies
        326 17 ENERGY REPORT Reuters [LONDON] Oil prices fought against further losses yesterday, clinging to a one-cent drop against a growing tide of bearish market sentiment, traders said. International benchmark Brent futures traded at U5510.56 a barrel in London at midday,
        Reuters  -  326 words
      • Article
        Lock icon CURRENCY REPORT
        327 17 Reuters, Bloomberg THE dollar was on a firm footing yesterday, hoisted towards record highs against the euro after a stronger-than-expected US jobs report highlighted the gulf between American and European economic prospects. "This confirms the US economy is very strong compared to Europe and explains why the euro
        Reuters,; Bloomberg  -  327 words
      • Article, Illustration
        Untitled
        1186 17 IMTBKBAMK CROSS KATBS Feb5 C$ !■> I— ffr Dw MK$ mfafc+ta* Yaw Won «M IBSNfcH No S$ Imt Str iT$ litNrt AnstraHa 0.970 6.178 0.574 1745 1122 5.046 27.652 56.422 0.730 7519 2.474 *****3593 ***** 1096 3.939 0.917 21.000 ***** 0J96 0.651 1 Canatfa 1031 5571 0591 3581 L07 1202
        1,186 words
      • Article
        Untitled
        1686 17 S1C0M FUTURES Feb 5 IU1KI (Mm dnta« as at SJOpa) ISS1C0NT1ACT (5 CMtVkq) Om Wm» OpM li i n M />■■■* MOUTH LOW MU (lOflflfl/ wlfftSI ios QOO Apr 99 KUS 116.25 115.75 300 350 Hay 99 118.25 625 Jw 99 120.25 200 Mfttp 99 ***** 975 OcI/DK 99 127.25
        1,686 words
    • Article, Illustration
      Lock icon HONGKONG
      1219 18 AFP QlUng Seng -248.45 HONGKONG share prices plunged 2.6 per cent to a fourmonth low yesterday on the back of an overnight fall on Wall Street amid continuing jitters over the health of the banking sector, dealers said. "There is quite a sell-down as investors are anticipating a correction
      AFP  -  1,219 words
    • Article, Illustration
      Lock icon CHINA
      480 18 AFP FlSfc—ihaiß Index ♦0101 SHENZHEN'S Hongkong dollar-de-nominated B shares ended firmer in see-saw trade yesterday, making a technical recovery from recent sharp losses, analysts said. The B Index edged up 0.09 point, or 0.19 per cent, to 44.82 on thin turnover of HKS2.7 million. "Today's gains can only be
      AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  480 words
    • Article
      Lock icon TAIPEI
      306 18 AFP QwPbfcx -40J TAIWAN share prices closed 0.7 per cent lower yesterday on strong selling of blue-chip shares as investor confidence remained fragile due to jitters over corporate troubles, analysts said. The Weighted Price Index fell 40.10 points to 5,474.79. "Market confidence has crashed following days of losses blue-chip
      AFP  -  306 words
    • Article
      WORLD STOCK MARKETS
      1839 18 LONDON m 31 Group 631.400 ***** A8 Ports 273.000 2 000 Abboy Nation* 1188.000 -44.140 MM Ooflwcq 475.400 -4.600 AMod Zurich 921.400 -28.000 Amoc *****0 -5.000 Aid* Group 156.000 -3.600 BAT M 599.000 -***** BGPIe 357.000 15.600 BICC 83.000 6.000 BOC Group 069.400 3.000 BR Potroioum 924.400
      1,839 words
    • Article
      Lock icon TOKYO
      1477 18 AFP Nikkei 225 -MBL77 rOKYO share prices tumbled 1.3 per cent yes:erday for the fifth straight daily decline, iampened by the yen's fresh rally against the iollar and a setback on Wall Street, brokers mid. Investors sold sector leaders, international t>lue chips and high-tech issues but strong tmying support
      AFP  -  1,477 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8101 19 CoMMMf prWicti 1999 Last Yal Day Hat Cap Htgb Law Campany Sata OOP High Law P/E Jmll 310 286 Ajwomoto 286 -4 2 286 286 15.8 115 9 83 72 Angkasa 73 -2 44 78 72 107.6 283 2SO Apollo Food Hlg 257 -13 4 258 257 8.9 102.8 204
        8,101 words
      • Article, Illustration
        Lock icon Shares slide on foreign selling
        314 19 AFP Q Composite Index -18*52 MALAYSIAN share prices ended 3.2 per cent lower yesterday on foreign seUing and a lack of local institutional support a day after capital controls were loosened, dealers said. The KLSE Composite Index plunged 18.52 points to finish at 558.8 whUe
        AFP  -  314 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Untitled
        1942 20 BONOS, LOANS t WAIJtANTS 52-Wk Lift Vel Day Last Quote Avq High Lm Stn* Company Sal* *«r- COOO) High Low Buyer Seller Price 20.5 3 3160 »Acer ******1 USS 11 -1 6 11 11 11 12.5 35 4.5 3164 Acma ******4 16 -15 340 17.5 16 16 16.5 17 3161
        1,942 words
      • Article
        Merrill bank-based wrt: premium high
        217 20  -  WARRANT WATCH -»y R Sivanithy ONE of the more disappointing covered warrant debuts in recent weeks has been that posted by Merrill Lynch on the basket of bank stocks. Since it was offered to investors a couple of weeks ago, the market has done nothing
        217 words
      • Article
        CLOB INTERNATIONAL
        222 20 HOMeiOM STOCKS nwnwnwnv 9IVVK9 Cr Cf S2'Wk Last Vai Day Last Ouot. Mv Otv YM Nat M Cap HH» Law Stno Company Sate COOP) Ht» Law Buyar Ma Cvr P/C $»W 5123 COL (2000) HK 400 8 2.4 2 20.5 7744.7 5124 Catfiay Pac 20c HK 720 265
        222 words
      • Article, Illustration
        Lock icon JAKARTA
        677 20 AFP P Composite Index -3.47 INDONESIAN shares dipped 0.8 per cent yesterday on prof-it-taking in line with weakness in other regional markets, dealers said. The broad market was "very quiet" with order flows seen very tight but the sharp fall in the Hongkong stock market intensified the selling in
        AFP  -  677 words
      • Article, Illustration
        Lock icon BANGKOK
        770 20 AFP P SET Index -&31 THAI shares ended barely lower yesterday but late speculative buying in bank stocks failed to mask anxiety over huge non-performing loans in the banking sector, dealers said. The SET Composite Index closed down 0.31 point or 0.1 per cent at 337.96. Earlier losses were
        AFP  -  770 words
      • Article
        Lock icon MANILA
        281 20 AFP n Manila -8.46 PHILIPPINE share prices closed 0.4 per cent lower yesterday on the government's announcement of a higher-than-expected inflation rate for January, analysts said. The Composite Index dropped 8.46 points to close at 1,977.84. Turnover was nearly unchanged at 336.93 million shares worth 1.10 billion pesos.— AFP
        AFP  -  281 words
      • Article
        Lock icon SEOUL
        403 20 AFP PI Composite Index +L 24 SOUTH Korean share prices closed barely higher in volatile trade yesterday on a technical rebound which was rolled back by renewed fu-tures-led selling towards the finish, dealers said. LG Securities dealer Yoon Sam-Wui said there was strong futures-led selling at mid-morning, pushing the
        AFP  -  403 words
      • Article
        Lock icon SYDNEY
        584 20 AFP QAn Ordinaries -2L6 SHARE prices fell one per cent yesterday, with profit takers entering the market and Wall Street's strong technology run showing signs of faltering, brokers said. The All Ordinaries Index fell 28.6 points to 2,911.9 while turnover was 456.76 million shares worth A 51.39 billion. The
        AFP  -  584 words
      • Article
        Lock icon WELLINGTON
        251 20 AFP fl Wellington -5J6 NEW Zealand stocks ended slightly lower yesterday in quiet trading. The market appeared to be in wait-and-see mode as the reporting season got under way, a dealer said. The NZSE-40 Capital Index closed down 5.95 points at 2211.81, with solid volumes worth NZ$llB.B million. mi
        AFP  -  251 words
    • Article
      STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      6711 21 Transaction date: Feb 5 Gr Cr M Wt 52-Wk Lilt Vol Day Lnt Quote Ol» Dtv VM Nat Cap Avg High Low StNo Company Sala COOO) High Low Buyer Salter Cvr P/E Smll Price MULTHNOUSTRY 142 17.5 m t 1000 Acma 50c 71 unch
      6,711 words
    • Article
      SESDAQ
      1308 21 52-Wk Last V« 0«V Last Ouota Mv Mv YM Mat Cap A** High lur StNo Company Sttt COOP) Hl<» L— *«<fr Cw Pft $w» Prtc« MAHWACTlltlMt 234 30 2049 AS Auto 10c 96 -6 576 102 95 5 95.5 96.5 15 N 7 1.6 9.1 109.6 97 79.5 45
      1,308 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Untitled
        352 22 Stacks Volume SembCorpl 25c 14,092,000 STEnqqIOc 10,769,000 DBS Land 7,693,000 OAF Ltd 40c 5.807,000 Keppei Land50c 4,664,000 Asia FoodiProp 4,134,000 Hotel Prop 3.771,000 •TanChonqlnt50c 3,441,000 Van dei Horst 3,124.000 LKN Wt99 3.016,000 Stocks SembCorpi 25c 30,130,330 SPH 25,435,417 OCBC Foreign 23.513,160 DBS Laod 16,365,491 STEnqqlOc 15,531,128 UOB Foreiqn 14,095,327 OOB
        352 words
      • Article, Illustration
        Nikkei's fifth straight loss drags STI lower
        624 22  -  STOCK MARKET COMMENTARY Investors also pessimistic about company earnings with start of reporting season next week By R Sivanithy TRADING yesterday showed little deviation from the pattern of the past few days a spirited early showing was met with stern resistance, resulting in
        624 words
      • ON THE GRAPEVINE
        • Article
          Change of guard
          136 22 THE fund management industry has been seeing a fair bit of staff movements lately. Schroder Investment Management (SIM), for instance, saw a change of guard not just in its Singapore office but in Hongkong as well. The regional head for South-east Asia, Matthew Dobbs, returns to London,
          136 words
        • Article
          A break in tradition?
          58 22 AND for those who asked, the spiffy little sports car which was passed down from Richard Mountford (Mr Dobb's predecessor) to Mr Dobbs will not be handed down to Mr Ford. Mr Dobbs has packed it up and taken it with him to England. Mr Ford
          58 words
        • Article
          A first for Aberdeen
          94 22 WE are certain it isn't a record, but Chong Yoon Chou must be one of the youngest directors of a fluid management firm in town. The affable 31-year-old was recently appointed a director at Aberdeen Asset Management Asia, and he is the first Asian to be
          94 words
        • Article
          Small and attractive
          89 22 OVERSEAS Union Bank often gets tagged as the smallest of the Big Four banks, or as some put it, the biggest of the Small Two. But the bank's top management can take comfort in the fact that more often than not, OUB's stock finds itself on the
          89 words
        • Article
          Spreading the word
          95 22 HERE is something you don't normally get to see too often a company advertising its new appointments in the newspaper. Not long ago, ABN Amro ran a "new appointments" ad giving short synopses of six senior people who had juat come on board. This is not a
          95 words
      • Article, Illustration
        HOT STOCK
        55 22  -  -By Wong Wei Kong QAF shares closed up $0,045 yesterday at 0.655 on a volume of 5.81 million shares, compared with its 10-day traded average of 1.89 million shares. The daily and weekly RSI and Stochastics as well as the MACD charts indicate that there may be further
        55 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      25 13 ififcii v 9NI ;fI- v jn I'm a car dealer. The Straits Times Classified helps to accelerate my business. CATS. 1800-737-1166 Call Today FaResults Tomorrow.
      25 words
Page thumbnail Page 14
Page thumbnail Page 15
Page thumbnail Page 16
Page thumbnail Page 17
Page thumbnail Page 18
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      35 19 The KLSE scoreboard can be found at the following Internet address: www.asial.com.sg/btstocks Classified First. Want to get a laptop? Or simply get computer savvy Log on to the best site: Check Classified First. CATS. j
      35 words
Page thumbnail Page 20
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      32 21 Was PraJbowojiist a fall guy? I P||*o 'SSrSH.'! Court iippeal, jails DAP Ml* i fe WBWCj pEM MM- VoilnMllflmS Asian View j Bfejsig-' g' jSjW W vUllvSmlty by Yang Razali Kassim TheßusinessTimes
      32 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      1003 22 Trade all over Asia, anytime you want. Call DBS Investor Online at 438-1188 gj DBSBANK toll-free Fax 741 1298 NOTICE IS HEREBY GIVEN that I, A. VIJAYAKUMARI of Blk 8, St. George's Lane, #07-249 Singapore *****8, have applied for a Retail Liquor Shop Licence in respect of M/s Vijaya Minimart
      1,003 words
    • Advertisement
      Page 22 Advertisements Column 2
      215 22 THE COMPAMES ACT (CHAPTER SO) COMPAMES (WV4OMG UP) RULES RULE 114(1) NOTICE OF UQUOATQR TO CRSOfTOWS OF RRST MEETXG Name of Company: Okura A Co., Ltd (Singapore Branch) (In Liquidation Companies Winding-Up No. 358 of 1998) Company No: F*****M Notice is hereby given that the first meetng of creditors in
      215 words
    • Advertisement
      Page 22 Advertisements Column 3
      53 22 A To advertise your simply fax: 741 1298 or Call tollfree: 1800 741 1883 J Re: Liquor Licence Notice in the Business Times on 2 Feb 99 Tan Chin Ghee Ricky The address of Premises to be licensed should read as 263 River Valley Road #B0U)3 S pore *****9 and
      53 words