The Business Times, 15 January 2000

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Microfilm: NL21691
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 MITA (P) 035/12/1999 850 G A P O R E Internet: http://business-times.asial .com.sg/ SATURDAY, JANUARY 15, 2000
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  • Article
    Lock icon MARKET SUMMARY
    61 1 STI 23U3 (-1.79) BT-SM ***** (+2.63) SDfSCI FUTUIES 327.40 (+1.40) STOCK MARKET INDICES Friday Change KLSE OOMP ***** +17.64 NIKKEI 18JHJ6—+***** HANG SENG 1&5412S -tl.TJ SET INDEX ***** +1817 .JAKARTA COMP —***** 4.72 MANILA COMP __2.102.10 +17.60 TAIPEI WP! 3,9Sm __._-8J.96 SEOUL COMP ___J4&03 402 CfcSA CHINA B
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  • Article
    Lock icon FINANCE
    79 1 FOBEX BATES uss ss l!SS 1174 £(US$/S$ per 1.646 2.754 EUflO(U8&SS/E) 1.024 1.714 DM 1910 9£7$ YEN 106.7 1583 RM 3.800 #.440 HK$ 7.779 1115 BAHT 3755 0.046 RUPIAH 7,196 0.023 'StID lOOiatMs •SttolOOunMi ram kates SINGAPORE* a.80 KUALA LUMPUR j 7.25 JAKARTA 4000 BANGKOK HI 00 MANILA 11.00
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  • Article
    Lock icon SGX: New IPO distribution rules soon
    583 1  -  -id exclusive But purpose of IPO is to raise fands, not ensure wide holding Bu Conrad Raj THE Singapore Exchange (SGX) will soon announce new distribution rules for shares in an initial public offering (IPO), following an inquiry into the IPO of the MidContinent
    583 words
  • Article, Illustration
    Lock icon Boardroom coup at TAC sees tighter grip by chairman
    491 1  -  Thai telecom tycoon Boonchai ousts fellow co-fonnder and takes MD's post as well From Harish Mehta in Bangkok IN a boardroom coup, Thai telecom tycoon Boonchai Bencharongkul has tightened his grip over troubled Total Access Communication (TAC), the Singapore-listed cellular phone
    Source: Bloomberg  -  491 words
  • Article
    Lock icon Tan Cheng's Nissan is best seller? Borneo Motors calls for audit
    539 1  -  Toyota distributor acts after Tan ads make best-selling claim Byi Christopher Tan [SINGAPORE] Toyota distributor Borneo Motors has openly disputed rival Tan Chong's claim that Nissan is the bestselling brand in Singapore. The Inchcape-owned division has asked for an
    539 words
  • Article
    Lock icon US CPI rises weak 0.2% in December
    413 1 Inflation for all of 1999 was 2.7%, np from 1998's L 6% Reuters, AP, Bloomberg [WASHINGTON] US consumer prices rose at a weaker-th an-expected 0.2 per cent in December, driven by higher energy prices, the Labour Department said yesterday in a report suggesting
    Reuters,; AP,; Bloomberg  -  413 words
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  • NEXT page
    • Article, Illustration
      Lock icon Greenspan makes clear call for interest rate increase
      694 2 His remarks suggest he may be content with a quarter-point hike to 5.75% for now LAT-WP, Reuters, Bloomberg [WASHINGTON] Leaving little doubt of an interest rate increase early next month, Federal Reserve chairman Alan Greenspan on Thursday called higher rates the necessary
      LAT-WP,; Reuters,; Bloomberg  -  694 words
    • Article
      Lock icon S'pore to press UK to allow SIA to fly London-US route
      307 2 Talks next week to break deadlock over 'fifth freedom rights' AFX Asia [LONDON] Singapore will be pressing the UK to allow Singapore Airlines (SIA) to fly to US destinations from the UK in talks to be held next week,
      AFX Asia  -  307 words
    • ON THE grapevine
      • Article
        Lock icon More traffic congestion
        88 2 FIRST it was anxious parents double-parking in front of primary schools during the first few days of the new school year that caused traffic congestion along some roads here. Now it is probably the same parents hogging the roads in front of Mac Donald's drive-throughs, trying to
        88 words
      • Article
        Lock icon Times, they are a-changin'
        100 2 IT wasn't that long ago that a price-earnings multiple of 30 for a stock market was considered rich. Thanks to Wall Street's great bull market of the *****, this has now changed. According to Barron's Jan 3 issue, the Nasdaq market is now trading at an
        100 words
      • Article
        Lock icon Y2K OK
        61 2 A SEARCH through the Registry of Companies and Businesses turned up 25 companies with' Y2K' in their name, such as Y2K Crisis Control, Y2K Computer Services and Y2K Solutions. Now that we've passed into the year 2000 without any major hitches, we're wondering if anyone will be filing
        61 words
    • Article
      Lock icon Ad controversy 'a tempest in a teapot': DBS Bank
      432 2  -  Spokesman says ads are teasers, all will be clear on Tuesday Byl Catherine Ong [SINGAPORE] DBS Bank, an institution that is anxious to shed its stodgy image, stirred up a controversy with an advertising campaign this week but cooly shrugged off
      432 words
    • Article, Illustration
      Lock icon Bill Gates hands over reins to Ballmer
      647 2 Move frees Microsoft chief to focus on Net technology Bloomberg, FP, LAT WP, Reuters [REDMOND, Washington] Microsoft Corp chairman and co-founder Bill Gates, the world's richest man, will step aside as chief executive of the world's most valuable company, turning over daily control
      Bloomberg,; FP,; LAT WP,; Reuters; AFP  -  647 words
    • Article
      Lock icon Fed rate hike won't hit region hard: analysts
      403 2  -  Regional bourses have priced it into stocks, they say By' Ven Sreenivasan [SINGAPORE] The US Federal Reserve will hike short-term interest rates next month but this is unlikely to have a major impact on regional equity markets as they have priced it
      403 words
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      Lock icon Page 2 Advertisements Column 1
      140 2 Full text of speech, Pg 7 '■iSKts ■—IM'IIH If I I I MM i— Home Exhibition 8-16 Jan 9th Live Demonstration Course 17-19 Jan in Cardiovascular intervention -Conjoint meeting wtth the Parte Course in Revascularization \f| I The Great Bridal Expo 21 23 Jan The Perfect Ganesh 22 28 Jan
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  • SINGAPORE companies
    • Article
      Lock icon Citicorp clarifies ST Assembly share 'ban', says allocation up to brokers
      600 3  -  Ban on brokers, families applying through their firms meant as guidelines By 6 Siow Li Sen AFTER stirring up a veritable hornet's nest over applications for shares in ST Assembly Test Services, Citicorp said yesterday that the allocation of
      600 words
    • Article
      Lock icon DBS Land shares lake a beating
      401 3  -  :iiexclusive Analysts say recent roadshow may have dented enthusiasm By Carol Eng DBS Land shares have been hammered in the past few days in heavy trading. Yesterday, the counter made it to the actives list again, and was the fifth most-heavily traded stock with
      401 words
    • Article
      Lock icon IPC looking forward to good prospects
      537 3  -  Debt deal a "very satisfactory compromise': Ngiam By. Jennifer Lien HAVING reinvented its business, and with a debt restructuring plan on the table, IPC Corp is looking forward to "good prospects ahead", chairman Patrick Ngiam said yesterday. IPC's white knight, Infomatec AG, on Thursday
      537 words
    • Article, Illustration
      Lock icon Employee stock options: a question of costs
      446 3  -  By Wong Wei Kong HOW much do stock options really cost a company? That's a question managers must now address as the use of stock options becomes increasingly widespread, speakers at the Wharton-Sin-gapore Management University conference on the role of stock options said
      SIEW YAW HOONG  -  446 words
    • Article
      Lock icon Ipco back in the black with $873,000 net
      222 3 INFRASTRUCTURE developer and contractor Ipco International yesterday posted net profit of $873,000 for the half-year to Oct 31,1999, against a $17.68 million net loss a year, earlier. The turnaround was due largely to the lack of heavy provisions. In the previous year,
      222 words
    • Article
      Lock icon IPOs: harsh reality for retail players
      702 3  -  lock siew r sivanithy THE best laid plans often go awry not because of bad intentions but because of factors such as poor execution, a misplaced focus or events beyond one's control. A good example in the local initial public offer (IPO) market is
      702 words
    • Article
      Lock icon SPH to have back-up printing site
      268 3 SINGAPORE Press Holdings will get new headquarters but its existing one at News Centre building in Genting Lane will not be abandoned it will serve as a back-up site for newspaper printing. The new building is the former Thomson Audio Singapore building in Toa
      268 words
    • Article, Illustration
      Lock icon Merrill favours non-US markets this year
      644 5  -  Communications, tech, revamps main investment themes W Teh Hooi Ling COMMUNICATIONS, technology and restructuring these remain Merrill Lynch's investment themes. As for markets, the major US investment bank favours those outside the United States, particularly the European Union, Japan, China, Hongkong, Taiwan and South
      CHRIS LOH  -  644 words
    • Article
      Lock icon Oceanic to sell SPC stake to Keppel Oil for $131m
      359 5  -  Taiwan firm's acceptance makes general offer unconditional Conrad Raj TAIWAN'S Oceanic Petroleum (Asia) has finally decided to sell its 25.8 per cent stake in Singapore Petroleum Company (SPC) to Keppel Oil Gas Services Pte Ltd at $1.20 a share or
      359 words
    • COMPANYBriefs
      • Article
        Lock icon Stamford Tyres profit up 8%
        102 5 TYRE distributor and retailer Stamford Tyres'net profit inflated 8 per cent for the half year ended Oct 31 to $2 million while turnover rose 10 per cent to $55 million. There was an extraordinary gain of $4.56 million from the replacement cost for a building
        102 words
      • Article
        Lock icon Singapore Piling MD retires
        47 5 HWA Hong Corp said Guan Meng Kuan has retired as managing director of Singapore Piling Civil Engineering Pte Ltd, a wholly-owned subsidiary OfHwe Hong, with effect from Jan L Mr Guan* however, remains a director of Hwa Hong, Singapore Piling and certain subsidiaries.
        47 words
      • Article
        Lock icon DBS Realty now has 88.9% of Hind
        44 5 DBS Land unit DBS Realty said that as at the close of its unconditional cash offer for Hind Hotels International at 3.30 pm yesterday, it owns 88.9 per cent ofHind, or 58.6 million shares in the company.
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      • Article
        Lock icon NEL appoints senior V-P in America
        43 5 NATSTEEL Electronics has appointed Tim Kattner senior vice-president of its American operations. Mr Kattner has held various senior positions over the past 10 years in leading companies such as Gateway Inc. Conner Peripherals, Western Digital and IBM
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    • Article
      Lock icon BT SHARE information service
      4028 5 Mat Mr* CM LowKangMuat Sep24 I L072 2.5784. 0.89 UL Date TV IV TV LY LM-JacaAerg Sap 06 I 12-386 10.236 7.40 630 Ill aw ($m) (Sm> <ct» (eta) UpnAslapac Sap23 p 1957 4.786 0.85 2.08 T r i uxm Sap 13 I 1226 0.786 L10
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      480 4 Stock* Volume SIA DB eCW*****3 22,651,000 Kian Ann20c 20,851,000 Poh Lian 10c 16,308,000 MediaRing 10c 15,833,000 DBS Land 15,188,000 Fastech US10C 12,765,000 IPCCorpn5c 10,844,000 Benefun HKIOc 10,764,000 KingboardUSlOc 9,537,000 L&M 50c 8,990,000 Stocks DBSGrp 69,279,153 DBS Land 43,566,965 UOB 34,779,481 SIA 31.831,795 PacificCentury 30,759,701 OCBC 29,288,900 MediaRing 10c 29,142,140 OUB
      480 words
    • Article, Illustration
      Lock icon Construction stocks in focus; STI flat after early weakness
      598 4  -  11 comment STOCKS r.sivanithy THE Singapore market saw follow-through selling in the morning yesterday, but a turn of tide in the afternoon helped the Straits Times Index to recover from its intraday 31-point loss. Construction stocks, meanwhile, caught the eyes of
      598 words
    • Article, Illustration
      Lock icon Teledata warrant: Rush over, time to wait-and-see
      189 4  -  WARRANT WATCH By R Sivanithy AFTER a hectic start to the new year, the activity in Teledata's shares and warrants seems to have tapered off. Whether or not the initial play on both counters was simply in line with the broad tech stock
      189 words
    • Article, Illustration
      Lock icon NatSteel may have room to climb
      239 4  -  HOT STOCK -By} Wong Wei Kong FUELLED by an earnings upgrade, NatSteel Ltd shares outshone the stock of its electronics unit Nat Steel Electronics (NEL) for a change yesterday to top the gainers list. Nat Steel shares rose 36 cents or 9.8 per cent
      239 words
    • Article
      Lock icon Diary of events
      94 4 Saturday, Jan 15 11am. Launch of Chinese language newspaper. Thumbs Up, by Deputy Prime Minister Lee Hsien Loong 51 China Betyhie 0100 GMT. China Capital Market Forum 2000 Colombia Bogota: Colombia's National Federation of Coffee Growers releases coffee output figures for December 1999 and the whole year.
      94 words
    • Article, Illustration
      Lock icon S$ and euro take the heat
      386 4  -  I=ll comment CURRENCIES More Fed rate hike signals see US fond managers reversing recent US$ sales larry wee IT was the Singapore dollar and euro which took the most heat yesterday from further indications that US interest rates will move higher early next month.
      Source: Reuters  -  386 words
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      Lock icon Page 4 Advertisements Column 1
      62 4 HOME IN ON HDffS 1 i SECOND BOND ISSUE AND nt Lines Utntted I 447.500.0 00 sha IPQ shares. Bonds. ?**<* v* Shate I Stocks. Annual Reports. 11 S Whatever you're offering, II B we help you reach out m 1 1 86.7% of all adults m in Singapore daily.
      62 words
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      Lock icon Page 4 Advertisements Column 2
      15 4 Want to talk investments with your peers 7 Join our forum at "http://iol.dbs. com.sg" )USBANK
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  • SINGAPORE news
    • Article
      Lock icon CSFB's PK Basu lags the bulls on economy, sees clouds forming
      593 6  -  I =Vi 3 on the economy fh Anna Teo FOR the past year or two, it had certainly seemed that words like slowdown didn't exist in PK Basil's vocabulary, not in his analysis of the Singapore economy anyway. The
      593 words
    • Article
      Lock icon Indon team coming to flesh out investment package
      467 6  -  Minister arriving next week; businessmen keen on getting loan financing scheme going immediately Prom Shoeb Kagda in Jakarta INDONESIA'S Minister for Investments Laksamana Sukardi is leading a team to Singapore next week to flesh out details of Prime Minister Goh Chotf Tong's
      467 words
    • Article
      Lock icon S'pore has mostly 'really bad' managers
      517 6  -  By Anna Teo THE good ones are excellent affiliative, nurturing and democratic but they are the minority. The bad ones, on the other hand, are "really bad" coercive and incorrigibly kiasu, unwilling to delegate. We are talking about Singapore managers, and they are putting
      517 words
    • Article
      Lock icon Free Net access: SingTel sends first letters out
      301 6  -  By' Teh Hooi Ling aiiNuarUßt immuiii s uiiei of free Internet access is finally here. The company yesterday said it had sent the first batch of letters with user identification and password to 340,000 randomly selected customers. Over the next two months,
      301 words
    • Article
      Lock icon HDB prices to range from -3.3% to +8.5%
      260 6 PRICES of new Housing Development Board (HDB) flats will vary between a 3.3 per cent decline to a rise of 8.5 per cent in the first quarter, depending on locations and design features, the board said yesterday. Design-and-Build and De-sign-Plus flats will
      260 words
    • Article, Illustration
      Lock icon M&E portal ei-Nets offers shares to service subscribers
      427 6  -  By Andrew Wee MECHANICAL and electrical (M&E) e-commerce portal eiNets.com Ltd will today invite those firms which subscribe to its services to become shareholders. ei-Nets president Liau Beng Chye said the share placement will encourage M&E companies to take an active role
      SIEW YAW HOONG  -  427 words
    • Article
      Lock icon Corrections & clarifications
      72 6 Corrections clarifications OUR report on Jan 13, headlined "4 conservation properties sold", contained several errors. The tenders for the four parcels have closed but have not been awarded yet. The highest bid of $1.32 million was for the Tanjong Pagar parcel. The Neil Road plot drew a sole bid of
      72 words
    • Article
      Lock icon Underwriters' handling of Stats IPO unfair
      559 6  -  MAiLirm Teo Tat Beng and Tan Choon Kiat Singapore via Internet WE read with disappointment the strange restrictions imposed by the underwriters on the impending IPO by ST Assembly Test Services (Stats). Following the sterling performance by Chartered Semiconductor Manufacturing, it is understandable that
      559 words
    • Article
      Lock icon IPOs are not public lotteries: SGX
      632 6  -  Raymond Chow Vice-President Corporate Communications Singapore Exchange WE refer to Conrad Raj's Hock Lock Siew column, "Millennium wish: Fairer allotment of IPOs" (BT, Jan 4). The purpose of a company making an IPO is to raise funds from the market; such exercise should not
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  • GREENSPAN speech
    • Article, Illustration
      Lock icon How the future may judge the present
      82 7 Three scenarios: What the 1990s US economic boom might look like in 2010 1. A once-in-a-century acceleration of innovation, which propelled forward productivity, output, corporate profits, and stock prices at a pace not seen in generations. 2. Just one of the many euphoric
      AP  -  82 words
    • Article
      Lock icon Greenspan looks back
      2615 7 Fed chief delves into the links between information technology, productivity, capital investment and economic growth The following is thefull text ofFederal Reserve chairman Alan Greenspan's speech on Thursday before the Economic Club of New York. E are within t weeks of m establishing a f recordforthe mI
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  • REGION world
    • Article
      Lock icon Glaxo, Smith Kline in merger talks again
      658 8 LONDON Analysts see deal as a bid by Glaxo for rival, valuing transaction at £50b Bloomberg, Reuters GLAXO Wellcome Pic and SmithKline Beechani Pic said yesterday they had reopened merger talks to create what would be the world's biggest pharmaceutical company worth more
      Bloomberg,; Reuters  -  658 words
    • Article
      Lock icon Pace of growth main risk to US economy: banker
      322 8 RICHMOND. Virginia Inflation could thus accelerate, says Fed's Broaddns Bloomberg THE "principal risk" to the US economy is that it will grow too rapidly this year and cause inflation to accelerate, A 1 Broaddus. president of the Federal Reserve Bank of
      Bloomberg  -  322 words
    • WORLDWatch
      • Article
        Lock icon Intel Q4 profit rises to US$2.1b
        95 8 Bloomberg ISANTA CLARA, California] Intel Corp said fourth-quarter profit rose, topping the highest forecasts, as personal-computer makers bought a record number of microprocessors and prices rose. Intel shares gained as much as 6.5 per cent to a record after the company said net income
        Bloomberg  -  95 words
      • Article
        Lock icon HSBC plans US West Coast expansion
        73 8 AFP [HONGKONG! HSBC Holdings pic is looking to acquire a bank on the US West Coast to complement its recent purchase of Republic New York, the South China Morning Post reported yesterday. Clive Bannister, chief executive of HSBC group private banking, was quoted by
        AFP  -  73 words
      • Article
        Lock icon US announces US$30b debt buyback
        63 8 Reuters I WASHINGTON] Flush with cash from years of economic expansion, the United States on Thursday announced plans to buy back up to US$3O billion (5550.2 billion) of debt this year. Treasury Secretary Lawrence Summers said the buybacks would reduce interest payments for the government
        Reuters  -  63 words
      • Article
        Lock icon Deutsche Telekom to spin off ISP unit
        68 8 FT [HAMBURG] Deutsche Telekom plans to float 10-15 per cent of T-Online, its Internet service provider subsidiary, in April. It is understood Deutsche Telekom has made a preliminary valuation of the business which places it at up to US$l7.5 billion (5529.3 billion). Germany's
        FT  -  68 words
      • Article
        Lock icon Shell Group in energy Web site tie-up
        40 8 Bloomberg [LONDON] Royal Dutch/Shell Group, the world's second biggest publicly-owned oil company, said it and Commerce One Inc will form a joint-venture Web site where companies can trade energy goods and services. Bloomberg
        Bloomberg  -  40 words
    • Article
      Lock icon Nasdaq to unveil Net-based system for Europe
      319 8 LONDON It will threaten other pan-Enropean trading alliances Bloomberg THE Nasdaq stock market would doal another blow to European national stock exchanges yesterday when it was to unveil the Internetbased trading system to be used in its new pan-European stock exchange. Nasdaq has
      Bloomberg  -  319 words
    • Article, Illustration
      Lock icon KLCI shoots past 900, seen climbing further next week
      388 8  -  From] Eddie Toh in Kuala Lumpur s THE Malaysian stockmarket barometer, which breached 900 points yesterday, is expected to climb further next week on expectations of an influx of foreign funds. Analysts said foreign fund managers are expected to pump more
      REUTERS  -  388 words
    • Article
      Lock icon Restructuring panel to unveil MAS parent's debt plan soon
      348 8 MKUALA LUMPUR Reuters MALAYSIA'S Corporate Debt Restructuring Committee (CDRC) is close to completing a debt workout plan for Nalu ri Bhd, which it expects to an nounce very soon, the agency's chief said yesterday. "It's almost complete." CDRC chairman C Rajan
      Reuters  -  348 words
    • Article
      Lock icon Maybank hits record high on acquisition rumours
      268 8 KUALA LUMPUR Bloomberg MALAYAN Banking Bhd's shares rose to a record high on speculation it will acquire another bank, cementing its position as the biggest bank in Malaysia. Maybank closed 1.10 Malaysian ringgit up at RM16.90 yesterday. Its shares have risen 20 per
      Bloomberg  -  268 words
    • Article
      Lock icon Opposition leaders plead not guilty in court
      244 8 KUALA LUMPUR AFP MALAYSIAN opposition figures yesterday pleaded not guilty to charges of sedition amid warnings that the latest government crackdown could lead to more arrests and a fresh wave of street protests. Democratic Action Party (DAP) depu ty chairman Karpal Singh. National
      AFP  -  244 words
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      6 8 TODAY 1 lianhe Zaohao tmi —mmmm
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      365 8 tTAIHtfITIg To advertise call toll free 1800 741 1883 IHUllwCfld Fa* No 741 1298 (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Finol Meeting of the Members of the abovenamed company will be held
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  • REGIONAL news
    • Article
      Lock icon New Japan aid agency worries about its Indon loan exposure
      709 9  -  JBIC director points to possibility of Indon banking system 'meltdown' tYom Anthony Rowley to Tokyo JAPAN'S new official aid and financing agency, the Japan Bank for International Cooperation (JBIC), yesterday signalled rising concern over its massive loan exposure to Indonesia,
      709 words
    • Article
      Lock icon Beijing airport listing to raise US$455m
      287 9 BEIJING AFP BEIJING'S international airport, which has just completed a massive expansion project, is preparing to raise US$455 million (*****.5 million) with a flotation on the Hongkong bourse, wellplaced sources here said Thursday. It would mark the first listing on an overseas stockmarket by
      AFP  -  287 words
    • Article, Illustration
      Lock icon Studying history
      72 9 [BEIJING] A young boy yesterday looking through locked glass doors at a giant mural of China's national heroes over the last 100 years at an exhibition in Beijing highlighting the people who helped shape the country. Although China is commited to improving its educational system with broader curricula
      AFP  -  72 words
    • Article
      Lock icon The emperor's new, global domain
      837 9  -  WRITER-511.111..H1 Power now grows out of the satellite dish and the fibre-optic cable karim raslan The writer is a KL based lawyer and writer THE recent mega-bucks takeover of Time Warner by AOL and the attendant hullabaloo changes our understanding of what constitutes power and
      837 words
    • Article
      Lock icon Swire Pacific to fight govt's HK$4.5b land-use claim
      417 9 HONGKONG The Cityplaza office towers case will go to arbitration Bloomberg SWIRE Pacific Ltd, one of Hongkong's biggest landlords, said it will contest a government land-use fee of HK$4.5 billion (*****.4 million) levied on three office towers completed as much as nine
      Bloomberg  -  417 words
    • Article
      Lock icon Uptrend seen for most Asian currencies
      790 9 SINGAPORE Reuters ROBUST global growth and a gradual pick-up in inflationary pressures should see most Asian currencies reaching for higher ground this year. A Reuters poll of 92 economists and dealers across Asia found that regional currencies are set to ride a wave of
      Reuters  -  790 words
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  • FINANCE & commodities
    • Article
      Lock icon Late short-covering lifts futures
      260 10  -  SGX Derivatives Tradtagßeports MSG! Singapore Index Daphne Tay Jardine Fleming THE Singapore stock market erased early losses and finished marginally lower yesterday propped up by late buying in select blue chips namely DBS Group and Singapore Airlines. The market initially took a dive in reaction to
      260 words
    • Article
      Lock icon Futures down on profit-taking
      162 10  -  MSCI Taiwan fUlures Lee Shu Weng Refco Singapore SGX MSCI Taiwan Index Futures fell one point or 0.2 per cent while the underlying cash index was off 2.36 points at 407.86. The market failed to sustain early gains and profittaking prompted some selling pressure. Computer chipmakers
      162 words
    • Article
      Lock icon Oil flares higher as Opec hints at longer output cuts
      249 10 ENERGY REPORT Reuters [LONDON] Steamy oil prices were stoked higher still as Opec sent strong signals that the cartel would prolong its curbs on exports beyond March. Benchmark Brent crude oil has rocketed more than US$2 a barrel in a
      Reuters  -  249 words
    • Article
      Lock icon CURRENCY REPORT
      312 10 Reuters New York THE US dollar pushed higher against the single European currency yesterday as US markets took comfort in a sof-ter-than-expected inflation report and mild remarks by Federal Reserve chairman Alan Greenspan. The dollar edged higher overnight as analysts concluded after a speech by Mr Greenspan late
      Reuters  -  312 words
    • Article, Illustration
      Lock icon Untitled
      1269 10 DWERBAITK CROSS RATES Jan 14 AS a h* fan rir D» i}M t» h»lah Yen Won t« HZ$ P* is Pesa SS »wd Sfr MT$ Balrt Hmt USS Australia 0.967 6.178 0.650 4.265 1.272 5.180 28.985 47.919 0.704 7.490 2.531 1278 34.*****.033 1115 4.042 1048 20.*****.008 0.405 0.666 Canada 1.034
      1,269 words
    • Article
      Lock icon Untitled
      1966 10 SICOM FUTURES Jan 14 RUBBER (futures dosing is at 5.30pm) RSS 1 CONTRACTS centsAq) Closo VotaiM Opto Month High low Sett (tonnes) Interest Feb 00 103.75 900 Mar 00 106.75 100 Apr 00 H0.75 May 00 H3.25 RSS 3 CONTRACT (US cants/kg) VofaMM Opto Month High Low Sttt (tows) Interest
      1,966 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Outflow of funds depresses Hang Seng
      2868 11 HONGKONG AFP CI Hang Seng -91.73 HONGKONG share prices fell 0.6 per cent yesterday on late profit-taking despite earlier gains in line with Wall Street, dealers said. "Beside worries over a possible US interest rate hike, there is continuous outflow of overseas funds now
      AFP  -  2,868 words
    • Article
      Lock icon Shares shrug off Gates' move
      1998 11 AFP Q Nikkei 225 ♦***** SHARE prices in Tokyo closed 0.7 per cent higher yesterday, barely affected by news that Bill Gates is leaving his post as Microsoft Corp chief executive, brokers said. The Nikkei Average 0f225 selected issues rose 123.26 points to end at
      AFP  -  1,998 words
    • Article, Illustration
      Lock icon CHINA
      1028 11 AFF CI Shenzhen B Index -L 49 SHENZHEN'S hard currency B shares closed down in sluggish trade yesterday as investor worries over 1999 corporate results hurt sentiment. The B Share Index fell 1.49 points, or 1.7 per cent, to 84.86 as turnover dropped to a thin HK$l7.2 million from
      AFF; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,028 words
    • Article
      Lock icon TAIPEI
      362 11 AFP Q VP Index -8345 TAIWAN prices closed 0.9 per cent lower yesterday as fund managers cut portfolios ahead of an expected shortterm correction, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 83.95 points to 9,023.24. Turnover was NT5205.9 billion compared to NT5258.6 billion in the previous
      AFP  -  362 words
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  • STOCKS klse
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      8545 12 INDUSTRIALS Consumer products 2000 L»t Vol Day Net Cap nm. u» emm M» -poo m> u» W 340 3K) Ajmomoto 330 unch 3 330 330 20.9 133.8 103 91 Angkasa 97 2 57 97 95 143.0 392 290 Apollo Food Hlg 378 -6 66 392 378 9.0 '51.2 2925 2725
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      Lock icon Shares soar as investors seek out blue chips
      447 12 AFP Fl Composite Index +37.64 MALAYSIAN share prices closed 4.2 per cent higher yesterday in brisk trade as investors sought out blue chips, dealers said. An institutional dealer with a local brokerage said foreign buying was more apparent in the late session,
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      3142 13 BONDS WARRANTS j°*" vt Wrwti **m1 l»*n IT Ttiofc Uit Vll Ot| Lit t Out I Avf !•«•< Cn» .P* S« (-MO) U. w» _<*»•««•» 104 10.5 3160 ******1USS 41 until 9 41 41 41 2» I 300 IM 3 4S 2 80 14.5 3164 Acma ******4 -38.5 1.5 523
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      Lock icon SEOUL
      304 13 AFP n Composite Index -3.02 THE Korea Stock Exchange Composite Index yesterday closed down 3.02 points at 948.03. Volume was 3.4 trillion won. —AFP mm AnamSaml 9970 670 Br am Tach 1900 -200 Central Bin* 3300 -50 ChaHComm. *****0 6000 OaaCuBank 3210 -35 Daaianq Corp 4190 -20 OaawoaCorp 460
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      278 13 AFP Manila +17.60 PHILIPPINE share prices rose 0.8 per cent yesterday on last minute blue chip buys after early weakness. The Philippine Stock Exchange Composite Index rose 17.60 points to 2.102.10. Volume fell to 4.9 billion shares worth 1.4 billion pesos. AFP Jen 14 Ptso COOO) MRC Allied 0.66
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      282 13 AFP +5-56 NEW Zealand stocks closed yesterday up 0.3 per cent or 5.56 points to 2,118.7, driven by gains in blue chip stocks, dealers said. Turnover on the NZSE-40 Index was a heavy NZ5205.4 million. "I think the market was just a bit oversold this morning," said ABN Amro
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      582 13 AFP PI AD Ordinaries +35JJ AUSTRALIAN shares closed at the day's high yesterday, adding 1.2 per cent, brokers said. The Australian Stock Exchange's benchmark All Ordinaries Index finished up 35.8 points at 3,131.6. The All Industrials climbed 69.7 points to 5,368.3 while the All Resources Index added 5.2 points
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      798 13 AFP Q SET Index *15J7 THAI share prices surged 3.5 per cent yesterday on renewed buying in banks and continued interest in media and communications stocks, dealers said. The market closed sharply higher, breaching key resistance around 470 points, with sentiment buoyed by gains in the United States, they
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      697 13 AFP F1 Composite Index -0.72 INDONESIAN share prices closed 0.1 per cent lower yesterday amid profit-taking mainly in Lippo Group shares, with gains in selected blue chips containing falls, dealers said. The Jakarta Stock Exchange Composite Index closed down 0.72 of a point at 690.89 on volume of 2.69
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    Lock icon STOCKS sgx
    8275 14 MAIN BOARD Transaction date: Jan 14 Or Or M Wt 52-Wk Last Vel aay LMt Ouot. Mv Otv YM Net Cap High L— StWo C tinny Sale COOO) m» t— »«iyr Wir Pw Pit >■ W MULTI-INDUSTRY 182 67 me 1000 Acma50c 133 *4 424 134 128 132
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      252 15 II7U/v M a 4-* MA A J Diners Club Diners Club Credit Card iSHftjM ro^a* Where to wine, dine ana entertain... Select from our extensive ala carte buffet menu I featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: £23 (Adult), £17 (Child) Dinner: £25 (Adult), £17 (Child) For reservations,
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      33 15 CELEBRATE THE LAST CENTURY WITH DE GRAND I hippy Hours S.OOfnn to V. OOpin Draft Ik-it iiiiif;: S(t.SO».» I )r.tll kxr per jug t IHU fl Free Titbits i v i I __2
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      95 15 B* spoilt for (Coopr—*) Levi 1 Tot: 431 2045 TfitiL yourself I your guests to awNfe selection of international favourites. Open forlunch dinner Level 1 Tel: 431 2045 Munch on local favourites i snacks! (Joaquim) Level 1 Tel: 431 2062 Local delights buffet style l (P—ri River Place) Level 3
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      31 15 Bl "TTO' ii'h|£'n I Advertise in Wine, Dine Entertain of The Business Times. Contact Patrick Ang at 740 1284, Amy Choo at 740 1559, or Shirley Lee at 740 2290 now.
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      41 15 BPiMI War f Fresh oysters. delectable lobsters, savoury honey-glazed few JFJm Beef and many more mouth watering dishes to leave you j s x t ,r c wk:c JjS-r'BEST Lunch: 12 noon 2.30pm Dinner: Reservations: HitnJkirtn IJJ Ochanl Road. Singapore 2IMG7
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      846 15 I jWiTiTTSn^—premiere 12 Days of Kahndo. 6.00 See Sun's schedules. 10.30 At Home With... 4> 30 Home Improvement. 11.00 News World. 10 00 AM Infomercial. Re- Triple Nine. Prime 12 IL3O Wine Dine. 1 v 6.00 Nightman. 9.00 AM TV Innovations. 12.00 MN Headline News. iniomerciai. 1 v in- 7.00
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      313 15 CRYPTIC CROSSWORD ACROSS 5 Country boy receives note (4) 1 Healing influence spoken of in Tricky performance given in Oz castle (8) 9 Sharp fall in pollution (4,4) 7 Securely tie line to tree (4) 10 Hits back in fight (4) 8 Picture biscuits fresh from oven 11 Daily's joint
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      1319 16  -  Goh Yew Lin sits on the SSO board, and is also a director of stockbroking firm and concert sponsor GK Goh. susam tsang lends the musical money man her ears SUSAN TSANG AS a boy, Goh Yew Lin harboured dreams of becoming a concert pianist. His
      PHOTOS BY ARTHUR LEE  -  1,319 words
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      Lock icon New role for playwright/legal eagle
      1540 17  -  Eleanor Wong's life has taken a dramatic turn. After 15 years practising law, she has quit to join a local television production house. Aima teo finds out the reasons for her career switch ANNA TEO ELEANOR Wong has been happily handing out her new name
      CHRIS LOH; 1996: Block Sale  -  1,540 words
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      Lock icon SSO ups the tempo as it turns 21
      509 17  -  MUSIC Pre-concert talks, new programmes promise to delight Reports by Susan Tsang THE SSO begins its 21st season facing a challenging budget but determined to fulfill its mission to be a world-class national orchestra that leads in advancing the appreciation of good
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      Lock icon Money no enough, but the band plays on
      381 17 MUSIC THE next time you go to an SSO concert, you can enjoy the knowledge that you are getting a very good deal, because the seat is actually subsidised. "In almost every orchestra, ticket sales cover just 15 to 20 per cent
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      1218 18 Compiled by M Yasotha/Parvathi Nayar PERFORMANCE Pink The Small Theatre presents Pink, which charms audiences with original compositions, while at the same time bringing off-stage footage live on stage. Jan 21-23,8pm at Guinness Theatre, The Substation, 45 Armenian Street. Tickets at $8 from The Substation (Tel: 337-7800). Pontlanak
      Compiled by M Yasotha/Parvathi Nayar  -  1,218 words
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      197 18  -  By Parvathi Nayar Hie buzz: An irrepressible elephant-headed God in avatars as unusual as a street urchin and a Japanese tourist. Plot and players; Singapore Repertory Theatre presents a light-hearted spiritual quest, A Perfect Ganesh, written by multiple Tony Award-winner Terrence McNally. Margaret and Katharine are two middle-aged women
      197 words
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      Lock icon Crossing a threshold
      908 19  -  Edmund Chen has joined the list of local stars entering the international arena. He tells pakvathi kayak about his Canadian movie Yellow Wedding PARVATHI NAYAR PERHAPS we are witnessing the era of the collaborative-film in Singapore, where local talent is leveraged off the experience of international partners.
      PHOTOS BY CHRIS LOH  -  908 words
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      Lock icon The plot thickens...
      620 20  -  TIME: the dawn of a new millennium PLACE: a prosperous tropical island TOE STORY SO FAR: The director of a theatre group has spent the last 15 years building it into a household name among the island's drama lovers. But of late, parvathi kayak finds out, he
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      Lock icon Ong Keng Sen's millennial visions
      1002 20 THEATRE Desdemona Desdemona, which premiers at the March 2000 Adelaide Arts Festival, has been three years in the making. Ong says of the experience, "We are beginning to think that every work should take this kind of time to develop." As with Lear, Ong completely
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      156 16 Changing scenes Theatreworks director Lawyer-playwright OngKengSen Bfe* Eleanor Wong tells talks to Ty AnnaTeo about ParvathiNayar about jjm her move to aTV developments in jm production local theatre EL 5 If you appreciate the finer things in life, you'll love the OCBC Arts Card* because it helps to support the
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      7 16 SSO'a offerings in its 21st year, EL2
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      52 18 The Average Size and Performance of a PruLink Fund. WSm k f, >*-• SBplßi %-MM PruLink Singapore Managed Fund the largest unitised fund in Singapore. An unbeatable record with over $730 million invested by 90,000 people launch in 1992. Probably the best managed funds today INVESTMENTS 7 VNy Always Listening.
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      64 20 PERFORMANCES FROM 30 MARCH 2000 KALLANG THEATRE Tickets available at SISTIC outlets the musical Official website: www.asia.eonline.com/chicago SISTIC Booking Hotline OMHSCAIOCtNIRE uj 4» UNI T E D TfiAA/S~l/A//C 3 ***** 00 J Rftw* Produced by BARRY and FRAN WEISSLER. DAVID ATKINS ENTERPRISES and INTERNATIONAL MANAGEMENT GROUP Booking website: www.sistic.com.sg DBS
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