The Business Times, 27 November 1999
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1999-11-27
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The Business Times
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Title Section14 1999-11-27 1 THE BUSINESS TIMES MITA (P) 046/12/98 85C SINGAPORE SATURDAY, NOVEMBER 27, 1999 Internet, http://business-times.asial.com.sg/14 words
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Article62 1999-11-27 1 Dsn 2236J2 (+33.99) wrnvt-m U 86LV7 (+18.05) PISDKGIFUniIBB U 30&10 (+0.80) STOCX MABKET INDICES Wednesday Change KLSE COMP ***** +731 NIKKEI *****.50 +***** HANG SENG *****.53-+275.76 SET INDEX ***** +7.71 JAKARTA COMP _J»U6 +7.70 MANILA COMP 1JWA6 2-92 TAIPEI WP! 7,596.44 -309.09 SEOUL COMP 941.16 -2156 CLSA CHINA62 words
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Article79 1999-11-27 1 FOBEX KATES us* s$ US$ 1.672 £(US$/S$ per 1.612 2.695 El!RO(US$/S$/E) 1.014 1695 DM 1.928 0.867 YEN 104.1 1.605* RM 3.800 0.440 HKS 7.772 0515 BAHT 88.796 0.043 RUPIAH 7,210 0.023 St to U0 units PUKE BATES SINGAPORE* 5.80 Kl'ALA LUMPUR 7.25 JAKARTA 40.00 BANGKOK 10.00 MANILA 11.00 HONG79 words
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1179 1999-11-27 1 Conrad Raj - We hope changes will increase intl participation in S$ capital markets, add to depth, critical mass; BG Lee Byy Conrad Raj [SINGAPORE] The Monetary Authority of Singapore has further liberalised the use of the Singapore dollar with a variety of1,179 words
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Article, Illustration961 1999-11-27 1 Carol Eng - Keppelgroup appealing for a lower charge By < Carol Eng [SINGAPORE] The Keppel Harbour project to convert the massive harbour site to residential and commercial use has attracted a higher-than-expected government levy of $1,098 billion, but the Keppel group is appealing for961 words
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Article, Illustration407 1999-11-27 1 Kenneth James - f-lti exclusive Sources say he will join a dynamic hi-tech start-np By\ Kenneth James {SINGAPORE] National Computer Board chief executive Michael Yap, one of the public sector's most energetic advocates of high-tech entrepreneurship, is leaving government service to take the plunge into high-tech business,407 words
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Page 1 Advertisements
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Advertisement53 1999-11-27 1 DBBPE Top Stories SingTel's interim net earnings down 3% to $966 m. Pg 3 Sing Tel should do a Pacific Century. Pg 3 fwW Back-to-basics look for the millennium. Indonesia's USs2.sb power play. Pg 9 Bank of Scotland raises bid for Nat West by 13.5% to £25.6b. Pg 11 HI53 words
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Advertisement13 1999-11-27 1 WNokia's new talking point v </" y Vjf 4 V si.- i ~-i- l13 words
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Advertisement17 1999-11-27 1 More reports, Next Page jam* 11| 11 1! i'. ril'oil ***** r.. It'!. [> llts \lo ntwerp Moscow17 words
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NEXT page
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Article, Illustration479 1999-11-27 2 Conrad Raj - MAS looks forward to working with younger board members BG Lee By Conrad Raj [SINGAPORE] The boards of Singapore banks have done commendable jobs discharging their responsibilities, but they have on the whole not given enough attention to self-renewal, Deputy Prime MinisterCHRIS LOH - 479 words
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235 1999-11-27 2 Cheque truncation will save banks $46mayear [SINGAPORE] Cheques by the year 2001 could be cleared within the same working day instead of the next day once a system that processes cheques faster and cheaper is put into place. Deputy Prime Minister and235 words
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343 1999-11-27 2 Conrad Raj - About 60 companies expected to benefit from the new ruling Byl Conrad Raj [SINGAPORE] About 60 companies stand to benefit from the latest move by the Stock Exchange of Singapore to allow non-resident companies whose shares are currently trading in foreign currencies343 words
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ON THE grapevine
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Article96 1999-11-27 2 HAVE your cake, eat it, and do your bit for charity this Christmas. The Sheraton Towers hotel is donating $1 for every guest served at its food and beverage outlets. The money will go to the Singapore Council of Women's Organisations Star Shelter, Singapore Symphonia96 words
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Article141 1999-11-27 2 IN the BT newsroom we know the economy is picking up when there's a log-jam of invitations to press events. For these companies, though, it's a dilemma —how do you get journalists to go to your event when it's one of half a dozen happening at141 words
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Article122 1999-11-27 2 SEEMS banks here are taking no chances with the Y2K computer issue. Although the regulator has asked only for a few "black-out" days where management staff have to be on standby, most banks are imposing a much wider period. For instance, ABN-Amro executives have been told122 words
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Page 2 Advertisements
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Advertisement23 1999-11-27 2 The online edition of The Business Times will carry the full text ofBG Lee's speech. Point your browser to http://business-times, asial. com. sg23 words
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Page 3 Advertisements
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Advertisement196 1999-11-27 3 Introducing an exciting new experience in dining! pearl palace offers muimw A La Carte: $6.80 nett per dish Choose from an astounding array of 92 exciting (fishes indudtrtfpStegmed Pomfret With Bean Crumbs, Deep Fried Butter Prawns, Stewed QuOK With Ginger in Claypot and Baby Abalone Clams in 6picy Sesamer Buffet196 words
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SINGAPORE companies
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Article, Illustration738 1999-11-27 3 Teh Hooi Ling - It warns fall-year earnings may drop even more; rates will be cat again in H2 Reports by Teh Hooi Ling SINGAPORE Telecommunications yesterday announced a 3 per cent drop in interim net earnings to $966 million and warned that full-year earnings may fallCHEW SENG KIM/ST - 738 words
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661 1999-11-27 3 catherine ong - ismaiocksi^ catherine ong IF Singapore Telecom wants to put some sizzle into its share price ahead of the entry of StarHub next April, it should do a Pacific Century CyberWorks and float its Internet business separately. Figures for the six661 words
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329 1999-11-27 3 Ling Su Ann - Interim earnings hit by increased investments in IT infrastructure By] Ling Su Ann CONTRACT manufacturer JIT Holdings yesterday announced a 161 per cent jump in interim revenue to $455 million, but profit was up a paltry 2.6 per cent to $10.5 million.329 words
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Article451 1999-11-27 3 Sing Tel has plans to enhance growth potential SINGAPORE Telecom is banking on the Internet and e-commerce for its next wave of growth and has executed a number of initiatives which will enhance its future growth potential, its chairman Koh Boon Hwee said. Already, it451 words
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262 1999-11-27 3 DBS Land yesterday said it is selling 6 Battery Road in an asset securitisation involving the largest Sing-dollar corporate bond issue to be offered in Singapore. The property group said it is selling the building for $878 million in the largest262 words
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COMPANY Briefs
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112 1999-11-27 5 THE Malaysian High Court has approved the capital reduction exercise of Overseas Union Garden Sdn Bhd. Overseas Union Bank will make a gain of $6.5 million and its subsidiary Overseas Union Trust will reap a gain of $41.7 million after the exercise. OUT's earnings112 words
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Article34 1999-11-27 5 POPULAR Holdings said it has incorporated a wholly-owned subsidiary, Popular World.com Pte Ltd, to conduct e-commerce business, namely buying and selling of products via the Internet and online educational publishing.34 words
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90 1999-11-27 5 MEDTECS International Corporation said it has formed a wholly-owned subsidiary, Medtecs (Cambodia) Corp Ltd, which has an authorised capital of US$2 million (553.34 million). Its principal activities are manufacturing of medical consumable products such as patient apparel, bed linen and medical bandages, and acting as buying90 words
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Article75 1999-11-27 5 SEKSUN Precision Engineering said it has agreed to form a joint venture with Henan Jinque Electric Group Co Ltd (HJEG) to manufacture, distribute and sell electrical metal stamp components. The total investment of the joint venture will be US$l.2 million (Ss2 million), of which US$B4O,OOO75 words
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Article97 1999-11-27 5 BUKIT Sembawang saw its net profit rocket seven times to $7.7 million on turnover of $24.5 million in the half-year ended Sept 30. In the same period last year, profit was at $1.1 million and turnover at $4.1 million. In the latest half-year, the property97 words
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Article117 1999-11-27 5 THERE were several errors in yesterday's Companies Briefs column. Inter-RoUer Engineering's managing director Yap Lem did not seU his shares, as incorrectly reported. He transferred five mUlion shares to a nominee account, which leaves his shareholding unchanged. The placement tranche of the initial public offering of China117 words
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Article, Illustration432 1999-11-27 5 Toh Han Shih - Its M'sian parent in final stages of buying a US e-commerce firm By' Toh Han Shih MANIA Holdings, the Singapore Internet start-up that has been bought by the Petra Group of Malaysia, will list on Nasdaq in three months, PetraBERITA HARIAN - 432 words
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67 1999-11-27 5 LIM KAH NGAM Ltd said both its shareholders and the High Court have approved its capital reduction of the par value of each ordinary share from $1 to 20 cents. The capital reduction wiU take effect when a copy of the Order of Court confirming67 words
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239 1999-11-27 5 CNC, CNT to distribute its services at sales outlets in Chinese cities RECENTLY-LISTED MediaRing.com said yesterday it has teamed up with China Netcom Corporation Ltd (CNC) and CE-Info-com Network Technology Co Ltd (CNT) to distribute Mediaßing.com's services in China. The three companies have signed an239 words
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SINGAPORE markets
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Article446 1999-11-27 4 Stocks Volume China Toll 20c 119.000.000 MediaRing 10c 40,374,000 Asia FoodAProp US$ 29,925,000 L&M50C 18,578,000 AsiamedicR 16,735,000 FHTKR. 15,803,000 PCI 25c 12,647,000 GMG Global 5c 12,617,000 Eagle Brand HWgsHK75c 10,705,000 'Gentmg In* 10.681,000 Stock! > MediaRing 10c 68,767,130 DBSGrp 54,538,298 OCBC 49,153,600 LAM 50c 22,236,650 S1A 19,434,497 China Ton 20c446 words
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Article, Illustration571 1999-11-27 4 r. sivanithy - STOCKS r.sivanithy THANKS largely to a rebound in bank stocks, the Straits Times Index rose for the second consecutive session yesterday, giving a modest boost to sagging secondline prices. Most of the day's activity, however, was courtesy of house traders and retail571 words
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Article, Illustration190 1999-11-27 4 R Sivanithy - WARRANT WATCH By R Sivanithy THE L&M stock yesterday surged in response to the circulation of Indonesianrelated rumours, so let's see if there are any warrants that could benefit if similar stories continue. One possibility that has not been in play for some190 words
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Article, Illustration277 1999-11-27 4 Wong Wei Kong - HOT STOCK By Wong Wei Kong CSA Holdings sprang into the list of top gainers yesterday, rising 25 cents, or 12.3 per cent, to close at its day high of $2.29. Volume was heavy, with a total of 3.62 million shares traded, including a277 words
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Article102 1999-11-27 4 Monday, Nov 29 WlnHftpOiv ♦11am. Lufthansa news conference on E-Purchasing '99 with Stefan Pichler, member of the executive board and executive vice-president of sales at Lufthansa German Airlines. ♦2.30pm. Systems Union chairman and founder John Pemberton visits and holds news conference. ♦4pm. Access Management Group (AMG) news102 words
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Article, Illustration461 1999-11-27 4 larry wee - I-\j comment CURRENCIES Latest S$ liberalisation measures have little impact on local unit's value larry wee EURO weakness continues to hog the limelight in currency market circles, with more commentators preparing their audiences for a test, and even a461 words
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Page 4 Advertisements
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Advertisement38 1999-11-27 4 0 J' Y® Decorating your tree, finding the perfect gifts --A and impressing guests k with a sophisticated Christmas dinner. A All that an^more A iff 'Pj' 1 in our Christmas i I— special, out Pec 3 TheßusinessTimes38 words
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Advertisement16 1999-11-27 4 Want to talk investments with your peers? Join our forum at "http://iol.dbs. com sg" gs[ )usBANK16 words
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Article4208 1999-11-27 5 N«t aarn EPS UmKahNgam Sap 26 I 14.8191 89.4911 104. 61L Dal* TY LV TY L* LowK»rw}Hu«t Sap 24 I 1.072 2.578L 0.89 2.2L Cawpany ton ($m) <Sm) lets) (e«») Und-Jacorbarg Sap 06 I 12.386 10.236 7.40 6.50 Uon Aslapac Sw23 P 1.95? 4.786 0.85 2.084,208 words
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SINGAPORE news
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Article, Illustration330 1999-11-27 6 Jennifer Lien - 22.6% surge in Oct boosted by strong electronics and chemicals production ity Jennifer Lien MANUFACTURING output surged 22.6 per cent in October, the highest jump since the 26 per cent recorded in January 1996. The latest industrial production index figure, boosted by strongSource: EOB,TDB - 330 words
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254 1999-11-27 6 JURONG Town Corporation's tenants and lessees wUI enjoy $107 million worth of rental concessions next year as the landlord extends the concessions to the end of2ooo. The extension of the rental break is part of the measures the government is taking to help254 words
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Article, Illustration258 1999-11-27 6 Network of centres helps keep S'pore heartbeat strong, says minister MINISTER for Manpower Lee Boon Yang yesterday announced the official opening of the Contact Singapore Centre in Hongkong. "In order to ensure that Singaporeans in Hongkong do not lose touch with home, our government258 words
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203 1999-11-27 6 SINGAPORE Press Holdings (SPH) intends to further exploit the vast appeal of its Asia One Web site to give its stable of newspapers a boost. Speaking at a "How to Build Brands in the Interactive Age" seminar yesterday, SPH executive vice-president for marketing Tham203 words
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Article, Illustration720 1999-11-27 6 Tan Su Yen - Optimism about the future will be reflected in the use of bright, cheery colours like intense reds and yellows Tan Su Yen FROM Christmas trees to New Year's parties, the colours of celebration this millennium's eve are blue and silver. But what colour trends will720 words
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513 1999-11-27 6 Dr P Leesinsky Hongkong via Internet - MAILTEM Dr P Leesinsky Hongkong via Internet AS I sit here in Hongkong with 20,000 Acer International shares and, more importantly, 58,000 warrants on the same stock, I feel compelled to report on a recent announcement in the Asian Wall Street513 words
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167 1999-11-27 6 Tan Jiak Lim Singapore via Internet - Tan Jiak Lim Singapore via Internet DAIM Zainuddin, Malaysia's First Finance Minister and economic supremo, said his government would not interfere in the sorry Clob saga unless the KLSE and the SES could not make progress on the issue. Who interfered after the167 words
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160 1999-11-27 6 Eric Ang Teck Sin Singapore via Internet - Eric Ang Teck Sin Singapore via Internet YOUR editorial "A hazardous en bloc fever" (BT, Nov 24) highlighted the logic that we should not cause a repeat of the property price bubble. But even a free market, without any interference from the government,160 words
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Page 6 Advertisements
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Advertisement52 1999-11-27 6 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. Buy It. Sdl It52 words
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Advertisement38 1999-11-27 6 You can email us at b tletterQsph. com.sg, fax to us at *****71, or mail your letter to The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. Please give your full name, address and telephone number.38 words
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MALAYSIA news
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MARKET moves
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87 1999-11-27 7 THE Malaysian market came alive on the last trading day prior to polling on Monday. Counters linked to political bigwigs were actively traded. Renong, which is linked to the dominant political party United Malays National Organisation, rose 4 sen to RM2.19. PMI, which is closely87 words
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Article98 1999-11-27 7 PETRONAS Gas the company with the biggest presence in Terengganu rose 30 sen to RM8.05 when Prime Minister Mahathir Mohamad visited the eastern state yesterday as part of his election campaign. The premier did not promise major projects but expressed confidence that the national ruling coalition, Barisan98 words
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Article43 1999-11-27 7 LITTLE-KNOWN Takaso Resources has incorporated a company with an unusual name Romantic Family Planning Sdn Bhd. It did not elaborate on the nature of its business. Despite the potential lucrative business, Takaso shed 11 sen to RM2.01 on thin volume.43 words
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Article62 1999-11-27 7 Eddie Toh - Compiled by Eddie Toh ED ARAN Otomobil Nasional, the distributor of the national car, continued to climb on the back of strong car sales data. The counter rose 70 sen to RM13.30. Sentiment was also boosted by talk of a bigger role for its EON Bank, which was62 words
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688 1999-11-27 7 ELECTION EU KUALA LUMPUR Stock price gains of politically linked firms point to strong win for ruling BN Bloomberg RENONG Bhd, Bolton Bhd and other Malaysian companies that thrive on ties to the country's long-time ruling party, stand to lose if theBloomberg - 688 words
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1433 1999-11-27 7 karim raslan - WRITER'S«.III.,>-.11 karim raslan Karim Raslan is a KL -based lawyer and writer ELECTION punditry is not a science and writers, myself included, are often the worst of crystal-ball gazers. Four years ago. 1 hit the campaign trail covering the general election1,433 words
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Article, Illustration54 1999-11-27 7 [KOTA BARU] Malaysian Prime Minister Mahathir Mohamad, who's not feeling well, coughing yesterday while greeting supporters during a visit to Kelantan. He expressed confidence that in Monday's general election, his National Front would be able to regain control of Malaysia's only opposition state under the fundamentalistAFP - 54 words
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97 1999-11-27 7 KUALA LUMPUR AFX-Asia MALAYSIAN Resources Corp Bhd, Malakoff Bhd and Sime Darby Bhd said plans to list Port Dickson Power Bhd on the Kuala Lumpur Stock Exchange have been dropped. The companies said in separate but identical statements that the decision was reached byAFX-Asia - 97 words
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171 1999-11-27 7 KUALA LUMPUR Reuters SHARES of Malaysia Airports Holdings Bhd will debut on the Kuala Lumpur Stock Exchange (KLSE) on Tuesday, the exchange said. Malaysia Airports shares will be listed under the KLSE's Trading/Services sector, the exchange said in a statement yesterday. In the biggestReuters - 171 words
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66 1999-11-27 7 KUALA LUMPUR Reuters MALAYSIAN conglomerate Renong Bhd said its light rail system unit Projek Usahasama Transit Ringan Automatik Sdn Bhd (Putra) has defaulted on the interest portion of a two billion Malaysian ringgit (*****.4 million) loan. Renong said in a statement lateReuters - 66 words
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Article222 1999-11-27 7 SUNGAI PETANI Percentage of equity to be sold, cost being worked ont: Daim Bernama NIPPON Telegraph and Telephone Corp (NTT) is still discussing with Telekom Malaysia Bhd the equity stake it will take in the Malaysian company and the purchase price, First Finance Minister DaimBernama - 222 words
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Page 7 Advertisements
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Advertisement95 1999-11-27 7 A pair of return air tickets to Phnom Penh, 2-nights stay(twin-sharing) at Hotel Le Royal 2-nights stay at Grand Hotel d'Angkor, Siem Reap yours! Raffles International Hotels Resorts and Silk Air) Send your entry to: bag MacPherson Road Post Office, Singapore *****6 Closing Date: 2/12/99. Winners will be notified by95 words
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SOUTH-EAST ASIA
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404 1999-11-27 8 Shoeb Kagda - Analysts Fiskaragung may be vital test case for firms dragging their feet over restructuring of loans Prom Shoeb Kagda in Jakarta FISKARAGUNG Perkasa, a maker of iodised salt, yesterday became the first listed Indonesian company to be declared bankrupt after it failed to renegotiate404 words
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Article, Illustration508 1999-11-27 8 Shoeb Kagda - Resignation could shake np govt, say analysts Froml Shoeb Kagda in.Jakarta IN a development that could shake up the government, Indonesian Minister for People's Welfare Hamzah Haz yesterday resigned amid allegations that he was involved in a 13 billion rupiah (S$3 million)FILE PHOTO - 508 words
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405 1999-11-27 8 Al Labita - RUM-OP TO ASSAM SUMMIT More competition seen in Asia for export markets, FDI From. Al Labita in Manila ASEAN is wary of emerging threats to its fragile economic recovery, the biggest of which could come from China's entry into the World Trade405 words
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272 1999-11-27 8 BANGKOK Bloomberg THE Shinawatra group, which pioneered mobile phones, satellites and pay-TV companies in Thailand, said it plans to step up investments in the Internet, an area where the country lags most of the rest of Asia. Shin Corp pel, the group's mainBloomberg - 272 words
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NOTE Book
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85 1999-11-27 8 AFX-Asia [MANILA] The Gokongwei group is in the final stage of talks to acquire Asian Bank Corp, the Business World dally quoted unnamed sources as saying. The paper said the Gokongwei group was the only entity to submit a bid for the bankAFX-Asia - 85 words
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85 1999-11-27 8 Bloomberg [BANGKOK] The number of Thai corporate bankruptcies in the first eight months halved from the previous year as a recovering economy and low interest rates enabled more businesses to earn profits, the government said. There were 2,034 companies and shops closed in JanuaryBloomberg - 85 words
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51 1999-11-27 8 Reuters [BANGKOK] The Bank of Thailand (BOD said yesterday it planned to peg monetary policy to inflation targets, thereby stabilising the baht and better managing the economy. Pending Cabinet approval, relevant legislation would be formulated in Parliament, said the BOTs assistant governor ThirachaiReuters - 51 words
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84 1999-11-27 8 Reuters [HANOI] Communist Vietnam has issued the country's first stock brokerage licences to affiliates of an insurance firm and a leading state-run bank, an official said yesterday. The official from the State Securities Commission (SSC), the stockmarket watchdog, said the licences had been awarded toReuters - 84 words
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Page 8 Advertisements
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Advertisement2233 1999-11-27 8 /J© if GP Batteries International Limited I (incorporated in the Republic of Singapore) Notice Of Extraordinary General Meeting I NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will I be held at The Ritz Carlton, Millenia Singapore, Millenia 4, Level 2, 7 Raffles Avenue, Singapore *****92,233 words
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FOCUS indonesia
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Article, Illustration1549 1999-11-27 9 T M Callahan - In a move that could hit the flow of investment dollars, state-owned PLN has been given approval to file a suit to cancel a multi-billion dollar pact FromT T M Callahan The writer works for a consultancy in Jakarta which provides business information and advisory servicesFILE PHOTO - 1,549 words
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EAST asia
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Article, Illustration240 1999-11-27 9 TAIPEI Panic on talk of China submarines Reuters, AFP AN early Taiwan stock rise on hopes for better China trade ties turned into one of the year's biggest routs yesterday as unconfirmed rumours of Taiwan-China military tensions sent small investors running for cover.Reuters,; AFP - 240 words
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Article249 1999-11-27 9 HONGKONG HSBC, Stanchart upgrade computers after Sept cutoff date Bloomberg HSBC Holdings pic and Standard Chartered pic, two of the biggest banks operating in Hongkong, replaced or upgraded their computer systems more than a month after a deadline imposed by regulators concerned about Y2K readiness.Bloomberg - 249 words
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162 1999-11-27 9 HONGKONG Bloomberg HONGKONG'S economic growth accelerated to 4.5 per cent in the third quarter, faster than economists expected, as improved trade, more tourists and better consumer spending prompted the government to boost its full-year growth forecast. The expansion compares with the 0.7 perBloomberg - 162 words
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527 1999-11-27 9 HONGKONG Central bask Mints at mm to meet greater cempetitien after WTO entry Bloomberg CHINA'S leading financial policy newspaper suggested the nation may eventually scrap the yuan's peg to the US dollar to maintain competitiveness after the nation enters the WorldBloomberg - 527 words
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WORLD news
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408 1999-11-27 10 TOKYO Survey finds stock weightings at highest level since 1995 Reuters JAPAN'S institutional investors plan a hefty boost in their global stock investments next month, with the US market benefiting in particular, a Reuters survey showed yesterday. The monthly Global Asset Allocation survey foundReuters - 408 words
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291 1999-11-27 10 SEOUL Korean creditors agree to bail oat debt-ridden company Bloomberg DAEWOO Corp, which on Thursday night won Korean lenders' approval for a multi-billion-dollar bailout, will probably also get the support of foreign creditors and stay in business, analysts said. At a late nightBloomberg - 291 words
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460 1999-11-27 10 TOKYO Analyst expects the industry to go back to historical growth levels Bloomberg WORLDWIDE sales of equipment used to make computer chips almost doubled in September, further evidence of a recovery in the semiconductor market, an industry group said. Sales roseBloomberg - 460 words
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Article, Illustration368 1999-11-27 10 AUCKLAND AFP OPPOSITION leader Helen Clark was urging caution yesterday but a poll on the eve of the New Zealand general election suggested she would be the next prime minister, heading a cen-tre-left government. A variety of surveys have put Labour wellAFP - 368 words
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184 1999-11-27 10 TOKYO AFP THE US economy could experience a hard landing if bullish Wall Street stocks plunge and inflation rears its head, Japan's Economic Planning Agency warned yesterday. In a report on the world economy, the agency listed sky-high stock prices, falling householdAFP - 184 words
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331 1999-11-27 10 SYDNEY AFP RUPERT Murdoch's media empire has threatened war with the Australian government from Monday by targeting voters in vulnerable seats with brochures attacking broadcasting policy. The head of News Corp Ltd's Australian broadcasting arm, Jim Bloomfield, denied yesterday the campaign was aimed atAFP - 331 words
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WORLD Watch
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93 1999-11-27 10 Bloomberg {TOKYO} Kawasaki Heavy Industries Ltd, Japan's No 2 maker of ships and heavy machinery, said yesterday that its first-half group net income plunged into the red as weak sales at home and a surging yen hit earnings. The company, which also makesBloomberg - 93 words
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128 1999-11-27 10 Bloomberg (TOKYOJ Sega Enterprises Inc posted a record first-half loss, falling 20 per cent short of its most recent forecast as its arcade business slumped and its Dreamcast home video game tailed to capture the imagination of Japanese consumers even as it broke US salesBloomberg - 128 words
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Article95 1999-11-27 10 Bloomberg {TOKYO] Ito-Yokado Co, Japan's largest retailer, said it's considering applying for a banking licence in order to start retail banking operations through its 9,300 stores. The retailer denied media reports that it had scrapped plans to buy nationalised Nippon Credit Bank Ltd in order toBloomberg - 95 words
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Article68 1999-11-27 10 AFP {SEOUL] The head of South Korea's national flag carrier Korean Air was arrested and formally indicted yesterday for trial on tax evasion and embezzlement charges, prosecutors said. Chairman Cho Yang Ho was charged with playing a leading role in diverting 116.1 billion won (*****.4 million)AFP - 68 words
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526 1999-11-27 11 EDINBURGH Higher offer meant to pre-empt Royal Bank of Scotland from making offer Bloomberg BANK of Scotland increased its hostile bid for National Westminster Bank Pic 13.5 per cent to £25.6 billion (5568.9 billion) to discourage a rival offerBloomberg - 526 words
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220 1999-11-27 11 DUSSELDORF Bloomberg MANNESMANN AG chief executive Klaus Esser said speculation about friendly negotiations between his company and Vodafone Air Touch Pic is "without substance" and that the UK company's hostile US$l46 billion (***** billion) offer doesn't provide a "basis for discussion". "The hostile finalBloomberg - 220 words
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Article, Illustration61 1999-11-27 11 [JERUSALEM] Artist and peace activist Yoko Ono, widow of John Lennon of the Beatles, standing on Thursday inside one of her larger installation art pieces consisting of white ropes converging on a skylight connected to different coloured river stones as she walked through herREUTERS - 61 words
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463 1999-11-27 11 FRANKFURT Public lack of confidence in the enro is nqjnstified, bat worrying FT, Reuters WIM Duisenberg, president of the European Central Bank (ECB), is concerned that the euro's weakness against the dollar will damage public confidence in Europe's single currency. He told the FTFT, Reuters - 463 words
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274 1999-11-27 11 WASHINGTON Reuters AMERICANS' incomes shot up at the strongest rate in 51/2 years in October, boosted by farm subsidies, union signing bonuses and a bounce back in rental incomes from a September setback caused by the damaging impact of HurricaneReuters - 274 words
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123 1999-11-27 11 TORONTO Reuters CANADA signed a wide-rang-ing market access agreement with China yesterday that it said would ease Beijing's entry into the World Trade Organization. The deal calls for a cut in tariffs on Canadian exports to China, with priority on telecommunications equipment, aircraft,Reuters - 123 words
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Advertisement14 1999-11-27 10 I TODAY I lianfte laobao B£j£ °7U^ «BtSAi§» IBpp 1 r 1 j «#»IT»14 words
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Advertisement184 1999-11-27 10 l* 30 Nov-3 Dec Singapore Exhibition The W» AHmhtwrMfloml W*6amrttxAtf«9B (Exhibition) Servfcee Pte Ltd riiliilin I dillSlW 111 1-3 Dac -M: (66) 338 4747 EnvtoxwarHrtJl W*er (Conference) lllMQMiwt T%ohnoloipfy^ 0A99 30 Nov-3 Dec Singapore Exhibition DadaftMMloftt OncorpoiaMiiuCtwnArtaßa, Servicee Pta ltd oonfarencaonchamlotf, feSSSSSSI® 8, let-<65)333 4747 3DeC iSSTpStT 00 andoortroi 8-10184 words
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Page 11 Advertisements
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Advertisement457 1999-11-27 11 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF COMCE INTERNATIONAL IMPEX PTE LTD (IN LIQUIDATION) NOTICE OF ANNUAL AND FINAL MEETING OF THE COMPANY AND THE CREDITORS PURSUANT TO SECTION 307 AND 30S457 words
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Advertisement665 1999-11-27 11 IN THE MATTER OF THE COMPANIES ACT CAPS# AND IN THE MATTER OF fIY MANAGEMENT (SINGAPORE) PTE LTD da Mffcra' Vp I—fry ll—Mlfa) At an Extraordinary General Meeting of the Company duly convened and held at Via Oreste Di Fazio N3, Rieti. Italy on 23cd November 1999, the following resolutions665 words
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Advertisement356 1999-11-27 11 N THE MATTER Of THE COMPANCS ACT. CAP. 50 AND FORCE SPEED ENTERPRISES PTE LTD (In Members' Voluntary Uqudabon) NOTICE OF FWW. MEETMG NOTICE IS HEREBY GIVEN that pursuant to Section 308 of ttw Comparaes Act Cap 50 the Final Meeting of the Members of the abovenamed company be held356 words
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Advertisement382 1999-11-27 11 J SembCorp y Industries SEMBCORP INDUSTRIES LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 9 Bishan Place #08-00, Junction 8, Singapore *****7 on December 13, 1999 at 10.00 a.m. for382 words
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FINANCE & commodities
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289 1999-11-27 12 Daphne Tay, Jardine Fleming - StMEXßeports met Magi Daphne Tay, Jardine Fleming THE Singapore stock market ended the week on a strong note yesterday. Banks led the rally ahead of the upcoming MSCI re-weighting exercise and following changes unveiled by the Monetary Authority of Singapore aUowing freer289 words
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183 1999-11-27 12 Cecilia Loh Refco Singapore - MSCI Taiwan (Mores Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index futures lost its ground yesterday following reports that China may step up military manoeuvres. The index posted its biggest oneday loss of 16.7 points or 4.61 per cent. The Taiex183 words
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211 1999-11-27 12 ENERGY REPORT Reuters OIL prices eased yesterday amid Saudi assurances it would not let markets rise out of control but sentiment stayed firm as Iraq kept export taps tightly shut. Benchmark Brent for January delivery was 20 cents adrift atReuters - 211 words
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Article336 1999-11-27 12 Bloomberg New York THE euro yesterday fell to record low levels against the yen and the dollar after European Central Bank officials suggested the bank won't buy the currency to try to bolster its value. "The euro's getting battered across the board," said Alex Beuzelin, a market analystBloomberg - 336 words
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Article, Illustration1145 1999-11-27 12 CROSS RATES Nov 26 AS C$ —fc aw Ffr 9m H$ hUHNpi* Yw Wow Mi IgMli N» S$ —< Sir »T$ Ntt PK Australia 0.936 6.178 OiN 4.062 1211 4.963 27.700 44.623 0.676 7.499 2.426 12S1 33.103 25.016 1065 3.905 *****0225 24.724 0J95 0.637 Cauda 1070 5.661 0.672 4.411 L3151,145 words
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Article1349 1999-11-27 12 8ICOM PUT U11B8 Nov 26 ■SSICOMTMCTGcMbAa) CMa Vafcaaa Opaa Maatt Um Satt Qaaaaa) I*W> Dk 99 KLOO jmoo -moo 100 FaiOO W3-50 100 Mar 00 1*00 100 BS3CO*TlACT(USc«tife) VMM OpM MmA MHi Low Sdt (tanas) Mrat Dk 99 MM *00 6400 TO B25 JM00 6450 2180 f*00 W.25 55 Mar1,349 words
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STOCKS east asia
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Article, Illustration2831 1999-11-27 13 HOMGKONG Reuters PHaiigSeng +275.76 HONGKONG stocks ended higher yesterday, helped by last-minute offshore buying and optimism that the territory's economy has turned the corner. The blue chip Hang Seng Index ended up 275.76 points, or 1.84 per cent, at 15,274.53. Turnover wasReuters - 2,831 words
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Article, Illustration956 1999-11-27 13 Reuters, AFP Q Shenzhen Blndei -K139 SHENZHEN'S hard currency B shares reversed early losses on bargain hunting to close up slightly yesterday. The B-share index rose 0.39 point, or 0.47 per cent, to 82.32 as turnover fell sharply to HK59.65 million from an already thin HK515.82 million on Thursday.Reuters,; AFP; Source: Credit Lyonnsis Securities(Asia) Ltd - 956 words
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Article367 1999-11-27 13 AFP □wp Index -30 TAIWAN share prices fell 3.9 per cent yesterday amid unease caused by reports of a Chinese military build-up against Taiwan, dealers said. Share prices fell sharply on rumours that China was to put decommissioned submarines at a Shanghai military shipyard back into service, said GrandAFP - 367 words
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Article1998 1999-11-27 13 AFP Q Nikkei 225 *112.72 TOKYO share prices closed yesterday at their highest point since August 1997 ahead of the arrival of five new investment trusts next week, brokers said. Nikko Securities senior analyst Kazue Mayuzumi said that investors snapped up "issues expected toAFP - 1,998 words
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Page 13 Advertisements
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Advertisement52 1999-11-27 13 You never actually 7 PATEK PHILIPPE GENEVE own a Patek Philippe. You merely look after it for the next generation. The Annual Calendar. The first self-winding annual calendar watch with power reserve and moon-phase. Men's Annual Calendar ref: 5036/1. For information: Geneva Master Time, Tel: (65) 732 1506. www.patek.com yOUT52 words
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STOCKS klse
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Article8698 1999-11-27 14 INDUSTRIALS Consumer products (999 Last Vol Day Net Cap High Low Company Sato OOO High Low P/E Smll 440 255 A t inomoto 300 -10 t8 302 300 19.0 121.6 174 46 Angkasa 90 -1 26 90 89 5 132.7 404 220 Apollo Food Hlg 320 unci) 6 322 3208,698 words
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Article, Illustration429 1999-11-27 14 AFP P Composite Index *7.31 MALAYSIAN share prices ended one per cent higher yesterday on local institutional support ahead of Monday's general election, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 7.31 points to finish at 745.91. An institutional dealer at a localAFP - 429 words
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Page 14 Advertisements
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SES clob & regional stocks
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Article3031 1999-11-27 15 BOMPS A WARRAMTS Nov 26 n-mmk IM* MM* mwnii *2 2" la Km I Ml —t- 1*900) law "*> Ul— <%l U8 KM K>.5 s 3160 "Ac*r ******1USS 40 -0.5 27 40.5 40 40 40.5 311 J '56 78 2.75 20 80 14.5 s 3164 Aetna ******4 35.5 I 1393,031 words
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Article, Illustration783 1999-11-27 15 AFP SET Index *7.71 THAI share prices closed 1.9 per cent higher yesterday, with bargain-hunting in communications and finance stocks helping to push the broader market higher, dealers said. The SET Index rose 7.71 points to 412.31, off a low of 403.91 and a high of 412.60. The selectAFP - 783 words
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Article288 1999-11-27 15 AFP Q Manila -2J2 PHILIPPINE share prices fell 0.1 per cent yesterday as investors turned away from blue chips, dealers said. The Philippine Stock Exchange Composite Index fell 2.92 points to close at 1,959.55 points. Volume turnover rose to 34.132 billion shares worth 3.387 billion pesos. —AFP »a*2» H%»AFP - 288 words
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Article, Illustration666 1999-11-27 15 AFX-Asia CI Composite Index +7.70 SHARE prices yesterday closed off highs amid a rebound in most blue chips following several days of successive declines on concerns over Aceh and the Y2K bug, dealers said. The market, however, received several shocks affecting individual shares including the suspension of Fiskaragung afterAFX-Asia - 666 words
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Article259 1999-11-27 15 AFP Q Wellington ♦22J> A SOLID advance by Telecom helped push the market up one per cent yesterday despite polls indicating a change of government in weekend elections. Stocks closed up 22.19 points on the NZSE-40 Index to 2,137.32 on average turnover of NZ597.5 million.—AFP hiM rww Advantage HOSAFP - 259 words
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Article568 1999-11-27 15 AFP Q All Primaries AUSTRALIAN shares rose 0.5 per cent yesterday in a buoyant market which took its cue from a strong finish on European markets in the absence of a Wall Street lead, brokers said. The All Ordinaries Index rose 15.9 points to 3,060.0. National turnover totalled 837.5AFP - 568 words
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Article296 1999-11-27 15 AFP Q Composite Index -2X55 THE Composite Index yesterday closed down 23.55 points at 949.16, off a low of 945.78. Volume totalled 307.7 million shares worth 4.4 trillion won. MMSMI ***** -WOO Brain Tach 2020 -260 CantrH Bank 2530 -70 CtwOCamm ***** <000 Dm Cu Bank 3780 -85 OMiangCorpAFP - 296 words
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Page 15 Advertisements
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Advertisement10 1999-11-27 15 i imm the new M| The Business Times every Monday10 words
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Article8982 1999-11-27 16 MAIN BOARD Transaction date: Nov 26 Ct Gr M Wt 52-Wk Last Vol Day Last Ouota Olv 01 v VM Nat Cap A«f High Law StNo Company Seta COOP) High Law Buyer Sailer H C'vr H Pit Smil Price MULTI-INDUSTRY 182 17.5 m b 1000 Acma 50c 1138,982 words
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Page 16 Advertisements
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Page 17 Advertisements
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Advertisement333 1999-11-27 17 Where to wine, dine and entertain..."^ <l>Offering the lowest interest rate in town |^^|*****45| WE'VE STRETCHED OUR SERVING HOURS FOR "TUNCH" i in That's because you've not tried Captain's Table's! CELEBRATE THE LAST CENTURY] WITH DE GRAND ILijy/ii limn* hi '> OOpm I >i ill Kir |Xi )\r irbits J333 words
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Advertisement53 1999-11-27 17 11 s •»> < 'i I I I I Wm I I PROMOTION SET LUNCH Him per person ji\ ff FOl"R-COURSE SET DINNER $78~* per person $108~+per person (indudtng two glasses of wine) A la cartc menu abo available 831-6288 DECEMBER 1999 —.Hamiasvt ffi Simf*/Mrr 33) Ort+vjrd Raid. Suifljporr 253 words
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Page 17 Miscellaneous
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Miscellaneous906 1999-11-27 17 f.Ml?Jflirrrra^^ri .wlnj n 4.30 Home Improvement: Paris. 140 Around Asia. Mr Likeable. SJO Sakalakala Vallavan. 2.00 To 6.00 am: Real-time E 10.00 AM Response TV. 5.00 Triple Nine. 540 Kaanbom Karpom S4. Financial Data. 12.00 NN TV Innovations. 7.00 Saturday Night Movie: 540 Mashthana Mash- u 2.00 PM What's In906 words
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Miscellaneous237 1999-11-27 17 CRYPTIC CROSSWORD ACROSS 6 Isolated and in a very precarious 1 Up-to-date statement you can portion (3,2,1.4) bank on (7 7) 7 Vanety of robinia in Afnca (7) 9 Obviously relating to the scholas- 8 Drarr«te.rresokJtion by a mounts schedule (2,6) taineer?(ll) 10 In southern Austria lawbreakers 11 D V^237 words
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The Arts
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Article, Illustration1229 1999-11-27 18 PARVATHI NAYAR - parvathi mayab hears that it's sponsoring S'pore's latest national art exhibition and other fringe events PARVATHI NAYAR PIRST, there was the National Day Art Exhibition in the late 1960s to *****. Later there was the Singapore Art Fair, and then Tresors in the '90s. Now, thePHOTOS BY ARTHUR LEE - 1,229 words
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Article, Illustration1283 1999-11-27 19 PARVATHI NAYAR - parvathx nayar looks at affiliate projects coming your way from Nokia Singapore Art 1999 PARVATHI NAYAR Mixage IN the world of music, mixing sounds and musical fragments to create new works doesn't strike an odd note, but mixing visual art sounds stranger. Still, the '70s had "mail art"1,283 words
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Article, Illustration1387 1999-11-27 20 Compiled by M Yasotha/ Parvathi Nayar THEATRE Pygmalion Best known today by its translation into the Lerner-Loewe musical My Fair Lady, George Bernard Shaw's Pygmalion has been enchanting audiences since it was first performed in 1914. United Arts Theatre has assembled a large and experienced cast of adultsCompiled by M Yasotha/ Parvathi Nayar - 1,387 words
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Article, Illustration182 1999-11-27 20 Parvathi Nayar - Byl Parvathi Nayar THE Boob "Originally I started with the premise of a protagonist who could cook because cooking is something I discovered recently. But along the way I modified it, so it wasn't a focal point of the play," says playwright Michael Chiang. Though a food angle remained,182 words
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Article, Illustration947 1999-11-27 21 IF music be the food of love, play on. But if food is what you're looking for before or after an arts event, read on. Makansutra 2000, a new publication that lists all the good hawker places as well as other places to eat in Singapore, brings you947 words
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Article, Illustration635 1999-11-27 21 P Y Van - MUSIC By) P Y Van THE Academy of St Martin in the Fields under the baton of Sir Neville Marrlner needs no introduction to audiences around the world, and on Wednesday evening, it played an all-Mozart programme to a packed house at the V ictoria ConcertFILE PHOTO - 635 words
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Article, Illustration608 1999-11-27 21 Susan Tsang - MUSIC By\ Susan Tsang THE turn of the millennium is a time to look back, and also to look ahead. Violinist Siow Lee Chin will be doing just that when she plays in the Flight into the Next Millennium concert nextLIM SIN THAI/ST - 608 words
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Article, Illustration1238 1999-11-27 22 PARVATHI NAYAR - Michael Chiang, playwright of My Lonely Tarts, tells parvathi matar why audience deserve the entertainment they paid for and that comedy is the genre he likes to do PARVATHI NAYAR IF Neil Simon is Broadway's patron saint of laughter, Michael Chiang would be Singapore's equivalent. Michael Chiang1,238 words
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Article, Illustration339 1999-11-27 22 'I've always loved Michael's work because it relates to people. The plays are easy to appreciate, even if you I are not a regular I theatre goer. Tarts is a I comedy but it also plays ay H with emotions; I'm not A just a gila psychic339 words
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Page 18 Advertisements
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Advertisement85 1999-11-27 18 Find out where to satisfy hunger pangs after arts events, el 4 to please Playwright Michael Chiang on how audience deserve to be entertained, el* *>•:* >" r m>r WfggM 'M^f''|: T f -jflff >* {> 'V- *~v xsfr > V ~'i *j Z&M* r 'J 'i-V* i- -"V- S85 words
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Page 20 Advertisements
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Advertisement77 1999-11-27 20 Dec 2-12 at Victoria Theatre. Tickets: $30/40/45/55 (8pm); $25/35/40/50 (2.30pm Sat/Sun matinees). Available at all Sistic outlets. See related story, EL 5 The Average Size and Performance of a PruLink Fund. <P%- j v>v PruLink Singapore Managed Fund the largest unitised fund in Singapore. An unbeatable record with over $73077 words
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Page 22 Advertisements
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Advertisement26 1999-11-27 22 Only DBS Credit Cards give you more choices. Such as the surprises of DBS PERKS Rewards. 4 FATFK HOICf S FOR Y< >UR EVERY NEK l>26 words
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