The Business Times, 22 January 2000

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Total Pages: 20
1 20 The Business Times
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  • Title Section
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    15 1 THE BUSINESS TIMES MITAAP) 03.5/1 pyiQQQ 85C SIN GAPORE Internet: http://business-times.asial.com.sg/ SATURDAY, JANUARY 22, 2000
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  • Article
    Lock icon MARKET SUMMARY
    64 1 sn 2,278.48 (-37.05) BT-SRI ***** (-12.31) SHKSCH FDTUBES 307J0 (-10.00) STOCK KAKXET INDICES Friday Change KLSECOMP 9M96 .11® NIKKK1 W,878.09 129.92 HANO SKNG 15,108.41 ***** SCTJNDKX 478.92 -7.71 JAKARTA COM!' 664.69 5.46 MANILA COM!' __2,062.66 >9i9 TAIPEI WPI 9,255.94 +118.99 SBOl'L COM P 925.16 -20 74 CLSA CHINA
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  • Article
    Lock icon FINANCE
    81 1 POSEX KATES uss ss ITSS 1.676 £(liS$/S$ per 1.666 2.773 EliROfUSS/SS/E) 1.017 1703 DM 1.924 0.871 YEN 104.8 1599* RM 3.800 0.441 HKS 7.778 0.215 BAHT 37*4 ***** Ki:n AH 7276 0.023 'St to 100 units PUKE RATES SINGAPORE* 5,18 KUALA LUMPUR 7.67 JAKARTA .3900 BANGKOK 9.50 MANILA 11
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  • Article, Illustration
    Lock icon Watch how the pieces fall
    1116 1  -  COMMENTARY Some broad assumptions can be made although the final outcome depends on how individual companies respond to market dynamics, says Catherine Ong Catherine Ong When the government decided in May 1996 to prematurely end Singapore Telecom's monopoly by seven years, it showed a vision
    ARTHUR LEE  -  1,116 words
  • Article
    Lock icon S'pore springs surprise telecoms big bang
    1039 1  -  Foil market competition in telecoms sector from April 1, 2000 instead of April 1,2002 By Teh Hooi Ling [SINGAPORE] Abandoning its phased approach to liberalisation, Singapore yesterday announced a surprise big bang that will effectively throw the telecommunications market wide open almost immediately. In
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  • Article
    Lock icon Traditional brokers cry foul over online rebates
    557 1  -  BTIsVmiMWJI Grouses brought up at meeting with Singapore Exchange By Ven Sreenivasan [SINGAPORE] Traditional stockbrokers who have not latched on to Internet trading are crying foul that those who have are offering rebates and other incentives for online trading to lure clients away.
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      104 1 INSIDE Top stories Govt set to give $90m subsidy for on-the-job training. Next Page Chartered Semiconductor Manufacturing posts higher-than-expected Q4 profit; will build USs2.lb sixth wafer fab. Pg 3 DBS Thai Danu Bank suffers 12.9b baht net loss, while UOB Radanasin reports 10b baht net profit. SIAS casts doubts on
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      13 1 r S/<>C c of sona Back Page h>l Doctors' 3ft a el 5
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      6 1 Playing catch-op with HK, Next Page
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      44 1 "BIG BffllG yf .w >„• 0? igj+S fipr." i 20 r- IDA w I; i ~P -JF -HO ZZ r '!!z!l r :oT^l^r 4 dP7rV-- mvc/irr <•-.-» MHMI&L' vords. consumers v. li hcv To be the leading info-tommunications hub in the Asia Pacific L-J //>i BT
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  • NEXT page
    • Article, Illustration
      Lock icon S'pore playing catch-up with HK: analysts
      699 2  -  But the key issues are convergence and content, not just infrastructure, they add From Meera Tharmaratnam in Hongkong SINGAPORE S surprise decision to blow open its telecoms market to new competition is an effort to catch up with its more liberal competitor, Hongkong, analysts
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    • ON THE grapevine
      • Article
        Lock icon Chartered: ready to be open?
        160 2 THE company may be well-positioned for an industry boom, but that hasn't made Chartered Semiconductor the darling of a group of analysts in Singapore those from local brokerages. In the last few days, these analysts have been heard complaining that access to company officials has
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      • Article
        Lock icon Fab 7, but where's the sixth?
        60 2 STILL on the subject of Chartered, it's mighty confusing that the company is investing in its sixth wafer fabrication plant, which it refers to as "Fab 7". This is because the company does not have a Fab 4. Could this be because of Chinese
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      • Article
        Lock icon A cyber warfare centre for Myanmar?
        51 2 THE British Broadcasting Corporation quoted one John Jackson, of a London-based human rights group, as saying that "Singaporeans" helped the Myanmar military set up their "cyber warfare centre" which stopped e-mail and other e-information from going into the country. We wonder who those Singaporeans
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    • Article
      Lock icon Govt prepared to grant $90m for on-the-job training
      553 2  -  OJT2I aims to train 500,000 workers by 2005, says Dr Ha 1)y Audrey Tan [SINGAPORE] The government is prepared to subsidise on-the-job training to the tune of $90 million in the next five years, Finance Minister Richard Hu said last night. He
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    • Article
      Lock icon What they say
      285 2 "This is excellent stuff, we are really pleased We will want to have an international gateway, it's not a huge capital investment, and we've got the space and facilities required for it. We can commission it in time for the liberalisation date." Neil Montefiore, CEO of Ml.
      285 words
    • Article
      Lock icon SPH, SingTech unit raise SCV stakes
      374 2  -  Shares from partner CCV; SPH to own 26.7%, SIT 32% f^y Andrew Wee SINGAPORE Press Holdings and Singapore Technologies Telecommunications Pte Ltd (STT) are raising their stakes in cable service provider Singapore Cable Vision, by taking over part of another partner's share of the
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Chartered to build US$2.1b sixth wafer fab
      718 3  -  It posts Q4 net profit of USs22.lm against analysts' forecast of USsl4m By Jennifer Lien CHIP foundry Chartered Semiconductor Manufacturing yesterday posted a higher-th an-expected fourth-quarter net profit and said it would build its sixth wafer fabrication plant here, Singapore's 12th. Construction on
      718 words
    • Article, Illustration
      Lock icon Sticky patch for DBS Thai Danu and UOB Radanasin in 1999
      730 3  -  DBS nnit hit by 12J)b baht net loss; UOB unit's loans book virtually wiped oat From Harish Mehta m Bangkok THE fortunes of the Thai units of two major Singapore banks, as revealed in their dismal annual financial results
      730 words
    • Article
      Lock icon Thai results seen having little effect on DBS, UOB
      607 3  -  By Siow Li Sen ALTHOUGH the 1999 results of their Thai bank units make headline fodder, the actual impact on DBS Group Holdings and United Overseas Bank (UOB) is not expected to be significant, other than to highlight again the wisdom
      607 words
    • Article
      Lock icon Are M'sian stockbroking firms worth a look?
      641 3  -  HQCKfrnx-iidua ruth wong AFTER nearly two long years in the doldrums, the Malaysian stock market has lately caught many investors off guard and surged to new heights. Just three weeks into the new year, and the Kuala Lumpur Stock Exchange's benchmark Composite Index
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    • Article
      Lock icon MediaRing chalks up 45% user growth in 4th qtr
      335 3  -  It had 2uSm nsers; ValueFone calls have more than doubled By Toh Han Shih MEDIARING.COM has chalked up strong growth for its services, with the number of users rising 45 per cent to 2.3 million over the last three months of
      335 words
    • Article
      Lock icon OCBC Securities' interest-free scheme okay: SGX
      322 5  -  By Ven Sreenivasan OCBC Securities' proposed scheme of providing a two-week grace period for clients to square their trading positions does not contravene any trading rules, according to the Singapore Exchange. "The grant of interest-free periods by a member company to a margin trading
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    • Article, Illustration
      Lock icon SIAS says latest Clob offer's unsatisfactory
      468 5  -  Association says going by news reports, Continental Edge's proposal is not comprehensive By Conrad Raj THE Securities Investors Association of Singapore (SIAS) has said that the latest offer to resolve the 18-month Clob impasse that by Malaysian company Continental Edge to buy over the
      468 words
    • Article
      Lock icon Petrosin Infotech launches $5m auction Web site
      305 5  -  IbidAsiaxom aims for a listing in March next year Ling Su Ann FOLLOWING the successful launch of recruitasia.com last May, Petrosin Infotech yesterday launched a comprehensive $5 million auction Web site, Ibid Asia.com. The homegrown company, which is the IT arm of the
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    • COMPANYBriefs
      • Article
        Lock icon Kian Ann shares surge in heavy trade
        127 5 KIAN ANN Engineering shares shot up 10 per cent yesterday as investors see it as a proxy for Horizon.Com, which is expected to put on handsome gains when it lists next week. The frenzied trading—which took volume to 48 million shares drew a
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      • Article
        Lock icon SembCorp venture bags $68.8m deal
        62 5 AFX-Asia SEMBCORP Industries' wholly-owned subsidiary SembCorp Construction and its joint-venture partner Kumagai Gumi have secured a $68.8 million contract to build the Paya Lebar tunnel. SembCorp said work will start this month and take 47 months to complete. The tunnel will run from Paya Lebar
        AFX-Asia  -  62 words
      • Article
        Lock icon Vickers buys up Nava for 1.2b baht
        45 5 AFX-Asia VTCKERS Ballas Holdings has bought a further 51 per cent in Nava Vickers Ballas Securities Co in Thailand for 1.2 billion baht (Sss4 million) from RanWhai Public Co, bringing its total stake to 100 per cent AFX-Asia
        AFX-Asia  -  45 words
      • Article
        Lock icon Parkway stake slips in Indon unit
        79 5 PARKWAY Holdings said subsidiaries Gleneagles Development and Fantasy Line have been allotted 68.9 million and 32.8 million rights shares respectively at 500 rupiah each in PT Siloam Gleneagles Health Care (Siloam). The shares form part 0f337.4 million shares under Siloam's rights issue. Before the
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      • Article
        Lock icon SingTel, Media Corp in e-commerce deal
        32 5 AFX-Asia SINGAPORE Telecom subsidiary National Compute Systems has set up an e-commerce venture with Media Corp of Singapore's Mediacorp Interactive business »t>h music portal Soundbuzz.Com. —AFX-Asia
        AFX-Asia  -  32 words
      • Article
        Lock icon Sembawang Kimtrans IPO next week
        21 5 SEMBAWANG Klmtrans, a specialist in mining lngiaHr* will be launching its initial public offer next Tuesday.
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      • Article
        Lock icon Ipco sees full-year results at break-even
        72 5 IN conjunction with its interim results ended Oct 31 announced recently, Ipco International yesterday said most of its ongoing projects are nearing completion and it is continuing to seek business opportunities. As the group has yet to secure other major projects, no significant increase
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      • Article
        Lock icon Wassail trims losses to $1.3m
        115 5 WASS ALL Asia Pacific's turnover for 1999 improved 6.7 per cent to $25.6 million while net loss was trimmed to $1.3 million from $5 million in the previous corresponding period. Loss per share was 2.3 cents, down from 8.7 cents before. The company saw significant
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    • Article
      Lock icon BT SHARE information service
      4025 5 Nataarn EM UonAstapM St«23 P t.957 4.7M 0.85 2.04 t TV LY TV LV UMn Sap 13 I 1228 0.786 L» 0.31 C—P—7 mm ()m> (tmi (cts) (cts) turn Chang Sap 30 P 1.248 9312 032 14Lung Km HK$ Ok 03 I 45.433 23.792 22.7 119
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Noel Gifts: underlying shares a better bet than warrants
      188 4  -  WARRANT WATCH By Ven Sreenivasan THE warrant of gifts and hampers specialists Noel Gifts was the top percentage gainer on the local bourse yesterday as it bounced back from a 20-cent low to end the day 7 cents up at 27.5
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    • Article, Illustration
      Lock icon Market pulls back as funds stay on the sidelines
      566 4  -  STOCKS v.sreenivasan T. HE Singapore stock market ignored the strong pickup on Nasdaq and good results by two leading local technology companies and retreated yesterday in sympathy with Wall Street's Dow Jones Industrial Average. The Straits Times Index fell 37.05 points
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    • Article, Illustration
      Lock icon SIA: weakness a good buy opportunity
      241 4  -  HOT STOCK By Ven Sreenivasan SINGAPORE Airlines has retreated significantly from its recent historical high of $20.80. The counter fell 60 cents to $18.40 yesterday, its lowest level since Jan 6. The technical indicators show that the counter has pulled back from the overbought
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    • Article
      Lock icon Diary of events Saturday, Jan 22
      142 4 Singapore ♦11.30 am. Opening ceremony of United Overseas Bank Bali Tanjung Pinang branch ♦12.30pm. Forum by Marketing Institute of Singapore —-"Doing Business in China: Opportunities and Challenges" Japan Tokyec Finance ministers, central bank governors of the US, Japan, Germany, France, the UK, Italy and
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    • Article, Illustration
      Lock icon US$ weaker on US trade numbers, weekend squaring
      346 4  -  CURRENCIES larry wee A RECORD US trade deficit announced on Thursday acted as a catalyst for trimming of overbought US dollar positions in Asian trading yesterday, with greenback alternatives again benefiting most. Recording the largest gains against the greenback were popular alternatives
      Source: Reuters  -  346 words
    • Article
      Lock icon Untitled
      457 4 Stocks Volume Kian Ann 20c 48,155.000 KingboardUSIOc 34,535,000 Eastgate 10c 32,311,000 Fastech US10C 27.744,000 Datapuise 5c 26,501,000 SingTel 15c 20,852.000 GMG Global 5c 16,305.000 Asia Detor HK15c 14,703.000 Goldtror 20c 13,816,000 Hotung lnvNT5 13,512,000 Stocks > DBSGrp 156,391,224 SingTel 15c $7,181,996 SIA 50,404,629 Chait Semiconductor 26c 45,086,113 Datacraft 10c 35,827,830
      457 words
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      Lock icon Page 4 Advertisements Column 1
      158 4 CHEERS TO SINGAPORE'S BEST FUND MANAGERS! 1999 /,NVESTMENT FUND AWARDS 18 February, 2000 Guest of honour: Mr Ngiam Tong Dow Chairman of the Central Provident Fund Board and Housing Development Board The Investment Fund Awards organised by charity. Guests can bid for a variety of items Standard Chartered Bank,. Reuters
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      Lock icon Page 4 Advertisements Column 2
      11 4 Want to talk investments with your peers? "http://iol.dbs. com.sg gjl )USBANK
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  • SINGAPORE news
    • Article
      Lock icon S'pore a springboard for Indian high-tech firms: PM Goh
      483 6  -  Premier also wants to see more S'pore firms setting up operations in India Reports by Eugene Low in Bangalore SINGAPORE welcomes more Indian high-tech companies to use it as a platform from which to expand their businesses into East Asia, Prime
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    • Article
      Lock icon Y-o-y retail comparisons alone don't tell full story
      592 6  -  By. Anna Teo JANUARY retail sales typically show a sharp drop after the year-end festive hike. This year though, the fastfood outlets segment of the catering trade index which captures the "eating out" business should show a surge for January, thanks to
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    • Article
      Lock icon Batam seen as still attractive with a 10% VAT
      393 6  -  Marissa Chew COMPANIES and travellers here say Batam remains attractive as a low-cost destination, even if a value-added tax of 10 per cent is imposed. The VAT was one of the items in the Letter of Intent which Indonesia signed with
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    • Article
      Lock icon Bintan resort, BIE remain calm
      196 6 CALM has returned to the Bintan Beach International Resort (BBIR) and the Bintan Industrial Estate (BIE) after a week of fierce protests by villagers. But many holiday makers chose to stay away from the resort. The number of guests at the resort totalled 254 yesterday,
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    • Article
      Lock icon Close links explain different CPF rules
      321 6 Bernama [KUALA LUMPUR] Close historical links and geographic proximity were reasons for the difference in withdrawal conditions of Singapore's Central Provident Fund savings for workers from Peninsular Malaysia who worked in Singapore, compared to those from Sabah, Sarawak and other countries. The Singapore High
      Bernama  -  321 words
    • Article
      Lock icon S'pore, Karnataka sign technology pact
      284 6 SINGAPORE and the Indian state of Karnataka have inked a pact to promote technopreneurship, trade and investment through links with key high-tech-nology companies. National Science Technology Board managing director Chong Lit Chong, Trade Development Board director of international operations Goh Oon Tong, and an official
      284 words
    • Article, Illustration
      Lock icon etako.com offers e-commerce services to SMEs
      368 6  -  It will let companies manage financials, inventory, orders By. Andrew Wee SOFTWARE service provider etako.com took off officially yesterday with plans to sign on 50 Singapore companies in its first year of operation. etako signed a memorandum of understanding with Infocomm service provider Star
      ARTHUR LEE  -  368 words
    • Article
      Lock icon DBS Land will plug into Net
      210 6  -  Jeanne Wong Senior Manager Corporate Communications Dept; DBS Land Ltd WITH the Internet changing almost every facet of our lives today, it would be foolhardy for us not to plug into the ebusiness revolution in some way or another, and tap it as an
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    • Article
      Lock icon Best person to manage your money is yourself
      373 6  -  Jai Tan Singapore via Internet OCCASIONALLY, we read in the papers of fund managers being pitted against a monkey throwing darts at the stock price pages. Often, the monkey selects a portfolio of stocks superior to that of the professionals. This is
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    • Article
      Lock icon COE bid delay at banks'behest
      159 6  -  Han Liang Yuan Manager, Media Relations Land Transport Authority Singapore PLEASE refer to your article, "Gearing up for more sales" (BT, Jan 13). Your report pointed out that the deferment of the February certificates of entitlement (COE) tender was "a decision the authorities took to
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      37 6 You can email us at btletter@sph.com. sg or fax 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.
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  • REGIONAL news
    • Article
      Lock icon Thousands of refugees continue to flee Lombok
      379 7 MATARAM, Indonesia AFP THOUSANDS of Christian refugees kept up an exodus from the Indonesian resort island of Lombok yesterday despite an uneasy calm after days of anti-Christian riots. Nine buses carrying hundreds of refugees left under military escort from the army headquarters where
      AFP  -  379 words
    • Article
      Lock icon Violence makes foreign funds wary of Indonesia
      507 7 LONDON Only investors with long time horizons are exposed and that too in select stocks Reuters THERE is no big pull-out of money yet, but even foreign investors not normally shy of high risk are sitting on thenhands when it comes to Indonesia.
      Reuters  -  507 words
    • MARKET moves
      • Article
        Lock icon Puncak Niaga continues to rise
        108 7 SHARES of water utility Puncak Niaga Holdings continued to rise yesterday following the government's decision to offer the company a stake in the privatisation of the Sungai Selangor Phase 3 project. Puncak Niaga shares rose 20 sen to close at 5.75 Malaysian ringgit yesterday. In
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      • Article
        Lock icon Utusan jumps on printing deal
        100 7 NEWSPAPER publishing firm Utusan Melayu (M) Bhd saw its shares rise following the signing of a deal with a leading Italian printer. Two days ago, Utusan was awarded a five-year print contract by Fratelli Spada SpA worth US$7 million (5511.7 million) per annum. Under the
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      • Article
        Lock icon MPHB, M-Plant higher on merger talk
        112 7  -  CompUed by Ruth Wong SHARES of Multi-Purpose Holdings Bhd (MPHB) and Malaysian Plantations (M-Plant) rose on active trade following reports that Multi-Purpose Bank expects no less than five financial institutions to come under its wing. MPHB currently owns a 70 per cent stake in
        112 words
    • Article, Illustration
      Lock icon En garde for Olympics 2000
      50 7 [SYDNEY] Australian fencer Evelyn Halls (left) yesterday lunging at Hongkong s Yi Nei Cheung during the FIE World Cup fencing in Sydney's Darling Harbour. The Olympic test event is represented by 22 countries as a lead up to the Sydney 2000 Olympics in September. REUTERS
      REUTERS  -  50 words
    • Article
      Lock icon US, Australia, Japan show their support
      441 7 WASHINGTON Washington to hike aid by 66% this year to USsl2sm AP, Reuters, AFX-Asia IN a show of support, the United States gave Indonesia's fledgling democracy a vote of confidence on Thursday by substantially increasing aid to the world's fourth most populous nation. Australia's
      AP,; Reuters,; AFX-Asia  -  441 words
    • Article
      Lock icon Former central banker to be PNB head
      122 7 MANILA AFP PHILIPPINE National Bank (PNB) appointed a new president yesterday, a move analysts said showed the influence of shareholder Lucio Tan, an ethnic Chinese billionaire linked to President Joseph Estrada. Feliciano Miranda, for- mer deputy governor of the Central Bank of the
      AFP  -  122 words
    • Article
      Lock icon Losses at Thai banks put at 340b baht last year
      516 7  -  Most book huge provisions for NPLs; big banks show signs of better margins FYom Harish Mehta in Bangkok THAILAND'S troubled commercial banks reported huge combined losses of more than 340 billion baht (5515.3 billion) last year as their income continued
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    • Article
      Lock icon Feeling at home in the urban kampung
      1160 7  -  Life in the city may not be as richly layered as in the countryside but the point is it's mine karim raslan The writer is a KL-based lawyer and writer ACROSS the Muslim world in the days leading up to the religious festival
      1,160 words
    • Article
      Lock icon Japan trust funds worth 1.5t yen to be launched
      486 8 TOKYO Analysts say they could become a key driving force in the Tokyo market Reuters A SET of Japanese investment trust funds of up to 1.5 trillion yen (5523.8 billion) will be launched in the next two weeks, and could possibly
      Reuters  -  486 words
    • Article
      Lock icon HKMA sees better operating results for HK banks
      407 8  -  It cites growth in interest-bearing assets and a fall in operating expenses From Quak Hiang Whai in Hongkong SOME banks in Hongkong continued to see sharp increases in provisions in 1999 but on aggregate, the banking industry is expected to have improved
      407 words
    • Article
      Lock icon Beijing gives IT firm Yuxing the go-ahead to list on GEM
      318 8 HONGKONG BEIJING has opened the gates for more Chinese companies to list in Hongkong's Growth Enterprise Market (GEM) by giving the green light to newly re-organised Yuxing Info Tech Holdings to trade on the fledgling board, the Hongkong Standard's
      318 words
    • Article, Illustration
      Lock icon G-7 ministers unlikely to heed plea for weak yen
      468 8 TOKYO Emphasis will be on sustaining growth in the US and Europe Bloomberg JAPAN'S plea for help in driving down the value of the yen is likely to be spurned by fellow members of the Group of Seven (G-7) major industrial
      Bloomberg; AFP  -  468 words
    • Article
      Lock icon Taiwan chipmaker UMC to up prices for some clients
      288 8 HSINCHU, Taiwan Bloomberg UNITED Microelectronics Corp, Taiwan's No 2 chipmaker, said it will raise prices for some clients next quarter amid strong demand. "For some clients, there will be adjusted prices," said Alex Tseng, a UMC spokesman. "But the changes will
      Bloomberg  -  288 words
    • Article
      Lock icon Strikes affecting economy, says Indian minister
      390 8 JAMSHEDPUR, India Protests by dock, power workers won't melt govt resolve on reforms Reuters STRIKES by power employees in a northern state, and dock workers in 11 major ports are affecting the Indian economy adversely, Finance Minister Yashwant Sinha said yesterday. "I won't be
      Reuters  -  390 words
    • Article, Illustration
      Lock icon Anna + Mark?
      207 8 Anna Mark? PEOPLE AFP [MELBOURNE] Anna Kournikova may have banished her service yips but she ran into problems of a more personal note yesterday after she was reportedly seen passionately kissing Australian star Mark Philippoussis in the car park beneath centre court. The 18-year-old blonde refused to deny the encounter,
      AFP; REUTERS PHOTOS  -  207 words
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  • WORLD news
    • Article
      Lock icon NYT and ABC sign deal to share news on TV, Net
      503 9 NEW YORK The Times will participate in producing reports for two ABC TV programmes NYT THE New York Times and ABC News said on Thursday they had agreed to share news coverage in several fields, with the information to
      NYT  -  503 words
    • Article
      Lock icon UK electricity bills to fall with new laws
      117 9 LONDON Reuters THE British government published plans for tough new laws for the privatised utilities yesterday, promising electricity bills will drop by as much as 10 per cent for both business and private consumers. "One of the major changes we are introducing
      Reuters  -  117 words
    • WORLDWatch
      • Article
        Lock icon Record earnings for GM in 1999
        111 9 FT [CHICAGO] In spite of a drop in fourth-quarter profits, General Motors, the largest car and light truckmaker, spurted to record earnings last year, easily surpassing Wall Street forecasts. Thanks largely to the extremely buoyant North American auto market, GM made an after-tax profit
        FT  -  111 words
      • Article
        Lock icon GE reports record earnings, revenues
        102 9 Reuters [NEW YORK] General Electric Co, the conglomerate whose businesses range from jet engines to broadcasting, on Thursday reported record fourth-quarter and full-year earnings and revenues and said it expected another record performance in 2000. Fourth-quarter earnings reached US$3.O9 billion (555.2 billion), or 93 cents
        Reuters  -  102 words
      • Article
        Lock icon Lucent's Q1 profit falls 23%
        97 9 Reuters [NEW YORK] Telecommunications equipment maker Lucent Technologies Inc on Thursday said its first quarter profits fell 23 per cent, even lower than Wall Street's reduced expectations, as the company failed to keep up with customers' demand for new optical networking products. Murray Hill, New
        Reuters  -  97 words
      • Article
        Lock icon Sun's Q2 earnings 35% higher
        76 9 Bloomberg [PALO ALTO, California] Sun Microsystems Inc said fiscal second-quarter earnings rose 35 per cent, lifted by record sales of its powerful server computers to companies doing more business on the Internet. Net income in the period ended Dec 26 rose to U*****.4 million (*****
        Bloomberg  -  76 words
      • Article
        Lock icon Quantum posts gain in Q3
        81 9 Bloomberg [MILPITAS, California] Quantum Corp, the No 2 computer hard drive maker, said it had a fiscal third-quarter profit as cost-cutting improved margins and it sold more drives. Net income for the quarter ended Dec 26 was US$5.2 million (SsB.7 million), or 6 cents a
        Bloomberg  -  81 words
      • Article
        Lock icon Sears Roebuck Q4 earnings jump 29%
        120 9 Bloomberg [HOFFMAN ESTATES, Illinois] Sears, Roebuck Co, the second-largest US retailer, said fourth-quarter profit jumped 29 per cent because of fewer holiday season promotions and an improved credit business. Net income rose to US$74O million (Ssl.2 billion), or US$l.9B a share, from profit from
        Bloomberg  -  120 words
      • Article
        Lock icon Samsung Electronics' record year
        115 9 Bloomberg [SEOUL} Samsung Electronics Co, Korea's largest publicly traded company, said it earned a record 3.16 trillion won <554.7 billion) in 1999 as mobile phone, computer display and computer memory chip sales surged. The flagship of Samsung Group, South Korea's second-largest conglomerate, said profit rose 10-fold
        Bloomberg  -  115 words
    • Article, Illustration
      Lock icon Moonstruck
      64 9 [MEXICO CITY] Marble angels from the Bellas Artes Opera House underneath the lunar eclipse on Thursday. Across the Western hemisphere wherever there wasn't a curtain of clouds, a total eclipse of the moon could be seen starting at about 9.30 pm EST. With a shadow along its left edge,
      AP  -  64 words
    • Article
      Lock icon Collapsed US hedge fund sues SocGen, Credit Lyonnais
      353 9 NEW YORK Bloomberg SOCIETE Generale and Credit Lyonnais, France's third and fifth largest banks, caused the collapse of a Flori-da-based hedge fund by refusing to honour forward currency contracts after the 1998 devaluation of the Russian rouble, the fund's liquidators assert in
      Bloomberg  -  353 words
    • Article
      Lock icon UK data underscores consumer confidence
      155 9 LONDON Reuters A RAPT of British economic data published yesterday suggests consumers remain confident and are increasingly willing to borrow money to pay for consumer durables and houses. The Council of Mortgage Lenders said mortgage activity in 1999 reached a record £114.8 billion (*****.2 billion)
      Reuters  -  155 words
    • Article, Illustration
      Lock icon Fed must slow growth or risk overheating: official
      508 9 WASHINGTON Reuters THE Federal Reserve needs to slow the pace of US growth to prevent strong domestic demand and a tight labour market from overheating the economy, Fed Governor Laurence Meyer said on Thursday. Mr Meyer's remarks to economists in Washington seemed
      Reuters  -  508 words
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      408 9 I NOTICE OF CHANGE OF ADDRESS I To holders of the following: I 9 5530,000,000 Finloyson Global Corporation Limited Zero Coupon I Guaranteed Privatisation Exchangeable Notes due 2004 ("S$ PENs*) I Notice is hereby given, in accordance with the terms and conditions of the I S$ PENs, that with effect
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      165 9 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF ORTHOPAEDIC SURGERY PTE LTD On Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Saction 308(2) of the Companies Act, Cap. 50. that a Final Meeting of the Members of the abovenamed
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  • FINANCE & commodities
    • Article
      Lock icon Futures tumble and crash through 310 level
      285 10  -  SGX Derivatives Tradlng/feporfe MSCX Singapore Index Daphne Tay Jardine Fleming THE Singapore stock market finished lower yesterday following the Dow's overnight 138-point loss and hit by prof-it-taking after Thursday's spectacular gains. Singapore Telecom led the losers, failing 4.79 per cent on news that
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      Lock icon Futures close higher as sentiments improve
      234 10  -  MSd Taiwan fixtures Seow Hock Hin Refco Singapore THE market ended higher yesterday on Nasdaq's overnight gains and improving sentiments, with foreign funds being the net buyers in Taiwan stocks. Market participants were initially cautious even though Nasdaq remained strong overnight. After trading briefly
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      Lock icon Oil soars to new 9-year highs
      157 10 ENERGY REPORT Reuters [LONDON] Oil markets raced to fresh nine-year highs yesterday as cold weather in the United States and Opec supply curbs triggered fears of dwindling stocks. Brent benchmark crude for March was 65 US cents stronger at U5526.75 a barrel at 1305
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      Lock icon CURRENCY REPORT
      338 10 New York Bloomberg THE yen rose against the dollar and euro after two Japanese officials diminished some traders' expectations that Group of Seven finance ministers would agree to help weaken the yen when they meet today. Traders bought yen after Japanese Finance Minister Kiichi Miyazawa and Haruhiko Kuroda,
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      Lock icon Untitled
      1214 10 PtTERBAIfK CROSS RATES Jan £5 Dm HK$ M H N»>» Ytn Won BK »Z$ Nfc K» Ptso S$ Bid Sir CT$ !><rt N—< US$ A<Btri,U 0942 JS! !i2 MI2 ***** ***** WW 7.497 2.526 1-290 34.466 27.019 LtM 4.057 1.054 20.494 24.752 0.402 0465 n°3S a nj n 770 ojS
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      1897 10 HOOM FUTURES Jan2i RU68CR (futures closing *s «t 5.30pm) RSS 1C0NTRACTCS cents/kg) Ck>M Volume Open Montli High law Sett (tonnes) Interest Feb 00 106.25 300 100 MV 00 Ttt.25 300 900 Apr 00 115.25 My 00 117.75 RSS 3 CONTRACT (US cents/kg) Volume Open Wont* Hkjh Low Sttt (tonnes) Interest
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  • STOCKS east asia
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      Lock icon Interest rate worries, Wall St fall hit HK shares
      2847 11 HONGKONG AFP D| Hang Seng -HXL9 HONGKONG share prices fell 0.7 per cent yesterday following the decline on Wall Street amid concerns about interest rates, dealers said. "The market is weaker due to interest rate worries and the fall on Wall
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      Lock icon Wall St drop dampens Tokyo stocks
      2029 11 TOKYO AFP QNOduaZB -*****2 SHARE prices in Tokyo closed 0.7 per cent lower yesterday on profit-taking as buying sentiment dampened following a decline on Wall Street, brokers said. The Nikkei average of 225 selected issues fell 129.92 points to end at 18,878.09. The Topix
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      Lock icon CHINA
      993 11 Reuters P Shenzhen B Index -OJ7 SHENZHEN hard currency B shares ended marginally lower yesterday as some domestic investors shifted their attention to the more active A share market. The B share index edged down 0.17 of a point, or 0.19 per cent, to 85.45 on turnover of HK$22
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  993 words
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      Lock icon TAIPEI
      379 11 AFP QWP Index +11&99 THE Taiwan stock market closed 1.3 per cent higher yesterday on strong buying of telecommunications and Internet stocks, dealers said. "Investors seem to take note from overnight gains on the Nasdaq by shifting their buying interest to telecoms and Internet stocks," said Alex Chio, analyst
      AFP  -  379 words
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  • STOCKS klse
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      Lock icon Untitled
      8870 12 INDUSTRIALS Commmt pradacts 2000 Last Vol Day Net Cap High L— Csmpeny SOi OOO High Lav P/t SmM 372 310 Ajinomoto 370 8 3 370 360 23.5 150.0 116 91 Angkasa m I 190 116 110 163.7 392 290 Apollo Food Hlg 378 unch 7 378 376 9.0 151.2 2975
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      Lock icon Shares edge up on late buying of blue chips
      418 12 AFP, AFX-Asia H Composite Index +3J MALAYSIAN shares closed slightly higher yesterday on late buying of blue chips following profit-taking, dealers said. The Kuala Lumpur Stock Exchange Composite Index closed up 3.1 points or 0.3 per cent at 953.96 and the
      AFP,; AFX-Asia  -  418 words
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  • SGX clob & regional stocks
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      Lock icon Untitled
      3277 13 BONDS WARRANTS Jan 21 m wn* mml U-«M* LMt t* Of mHnH An M Ctm Urn Mm Mia Mm Cmw tik CM*) m# Lot hp Mr M MIIM Mm <%» hrtH UK 104 10.5 S 3160 *Ac»r W*****1USS 41.5 unch 53 4V5 41 41 413 311 1 156 78 2.67
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      Lock icon SEOUL
      310 13 AFP Q Composite Index -20.74 THE Korea Stock Exchange Composite Index yesterday closed down 20.74 points at 925.16. Volume stood at 253 million shares worth 3.5 trillion won.—AFP ■Hull Dm An«n Somi _.n200 500 BrolnToch 1780 -20 C»ntr«l Bank .2850 160 ChMComm IKWOO 4000 DmGuBM 2830 to Dwung Corp
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      Lock icon MANILA
      285 13 AFP n Manila +9.29 THE Philippine stock market closed 0.5 per cent higher yesterday due to technical buying after a weak opening, analysts said. The Philippine Stock Exchange Composite Index rose 9.29 points to 2,062.66. Volume was 5.03 billion shares worth 1.46 billion pesos. AFP COW) MRC Allied 0.60
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      Lock icon WELLINGTON
      275 13 AFP Wellington +5J6 NEW Zealand's share market closed yesterday up 0.3 per cent, helped by interest in selected blue-chip issues, dealers said. The NZSE-40 Capital Index rose 5.95 points to 2,092.75 on volume of NZ$l2O million, with Telecom comprising NZ$4B million.— AFP Jmti IB COOP) Advantage MOS 3.60 -0.10
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      Lock icon SYDNEY
      591 13 AFP PAH Primaries -33.7 AUSTRALIAN shares closed down 1.1 per cent yesterday on the back of profit-taking in blue-chip stocks and a weak lead from Wall Street overnight, brokers said. The All Ordinaries Index fell 33.7 points to 3,103.40. Resources and industrials were both softer, wiping out Thursday's gains.
      AFP  -  591 words
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      Lock icon BANGKOK
      781 13 AFP D SET Index -7.72 THAI share prices fell 1.6 per cent yesterday after a number of banks and finance companies announced multi-million-dollar losses in 1999, dealers said. The benchmark Stock Exchange of Thailand Index shed 7.72 points to close at 478.92. Volume was 4.39 million lots worth 8.35
      AFP  -  781 words
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      Lock icon JAKARTA
      680 13 AFP □Compositelndex -5.46 INDONESIAN share prices closed 0.8 per cent lower yesterday as investors locked in profits after the previous day's gains and in line with regional weakness, dealers said. The Jakarta Stock Exchange Composite Index closed down 5.46 points at 664.69 on a volume of 1.03 million shares
      AFP  -  680 words
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  • Article
    Lock icon STOCKS sgx
    8695 14 MAIM BOARD Transaction date: Jan 21 6c Gf M Wt u L «t Vol Day Last Ouot. Olv Dlv Yld Net Cap A»q Ht 9* StHo Company Sat* COOP) High Low Buyer Salter H Orr P/t SmM^rtce MULTI-INDUSTRY '2i %l mc !?SP S? I. 725 128 122 124
    8,695 words
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      49 14 HOME IN ON HOB'S «■l^^sl2^sl investment pobtfouo jlj IPO. Shares. Bonds. Stocks. Annual Reports. |Q I Whatever you're offerinq, we help you reach out I |flyll I 6#7% °*adults in Sinqapore daily. jo MP 1 JL, ra s mes 4 Business Times Lianhe Zaobao Berita Harian Tamil Murasu 1800-741-1883
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      419 15 Where to wine, dine and Offering the lowest interest rate in town 4545 "Tunch" is the best for lunch and high tea railed into one. Which means longer serving hours and even more scrumptious spreads. "Tunch" from 12 noon 4.30p m 11 #15.80 (Adult) #11.80 (Child) "Tunch Karaoke" from 12
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      34 15 KTOaDOWN' live English entertainment. Happy Hours 6pm 9pm daily $s+++ on all house pours J 20% off all other drinks j Reservations: 831-6310/6288 JJ) Orchard Road Singapore *****7 HH: 717 4411 Fax 712 2361
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  • Page 15 Miscellaneous
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      1232 15 I CRYPTIC CROSSWORD nm;€tm»Hina^Ffllw n li-30 Teenage Mutant Ninja 10.30 Saturday Chinese Cin- 4.30 Quantum. I 1 I 2 I P I F I 15 I HTW HlO 00 AM Infomerrial- Rp Turtle: Next Mutation ema 1: Deadly Illusion. 5.00 News Day. h| ™J—^ 10.00 AM[lnfomercial. Re I^ao pM ZoCf
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  • TheArts
    • Article, Illustration
      Lock icon Andreas Scholl SUPERMAN of song
      1600 16  -  If you thought male altos were a wimpy 4 elitist bunch, meet Andreas Scholl. The hunky 6' 3" Clark Kent lookalike, who will be giving a recital in Singapore on Tuesday, is equally at ease chatting about the latest pop charts as he is discussing
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    • Article
      Lock icon So what's a countertenor anyway?
      1016 17  -  Andreas Scholl talks about how he produces that fabulous 'head' voice of his, and details his approach to singing By P Y Van THE countertenor voice is a high male voice which is used within the alto range. It is a voice which has been
      1,016 words
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      Lock icon The most extraordinary singing instrument
      720 17  -  CD REVIEWS A brief survey of Andreas Scholl's discography By. Andrew Lim ANDREASSchoIIis said to have the most beautiful countertenor voice the world has ever heard. In most respects, this is absolutely true. The roundness, warmth and suppleness of the voice has made it a
      PHOTO BY SIEW YAW HOONG  -  720 words
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      Lock icon THE PROGRAMME
      1356 18  -  Compiled by. M YaSotha/Parvathi Nayar MUSIC Oat man Baroque Llodor ami filfTfffl Snng» Born in Germany in 1967, Andreas Scholl is one of the outstanding counter-tenors of his generation with his remarkable musicianship, highly-acclaimed performances both on the concert and opera stage, and his impressive discography. His programme
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      Lock icon SPOTLIGHT
      185 18  -  By Parvathi Nayar The Ban Receptacles for that certain civilised concoction of boiling water and dried leaves that speak of ritual, habit, culture and craft. Plot and Playerst There is a grain of truth in the cutesy nursery rhyme that little kids act out "I'm a little teapot/ Short
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      Lock icon The human face of theatre
      857 19  -  Director Joseph Slowik, who is here working on A Perfect Ganesh, places experiencing above staging, reports paryathi katar PARVATHI NAYAR Joseph Slowik, professor emeritus of acting and directing at the prestigious Theatre School of DePaul University, is currently in town to direct Singapore Repertory Theatre's
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      Lock icon Modern art: Method in the Madness
      368 19  -  ART &y Parvathi Nayar "ER, and this is art?" How many times have we asked ourselves the question or heard the question being asked. Specially when confronted with, say, flashing neon lights, or banks of video monitors showing seemingly random images, or scrappy notes
      368 words
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      Lock icon a Different perspective
      793 19  -  ART The Unmasking Vollard exhibition is about donbts and experimentations By] Parvathi Nayar IT'S easy to be fascinated by the enigmatic beauty of Mono Lisa or the provocative ugliness of Les Demoiselles d'Avignon: such masterpieces of art represent the finished product by an artist, a resolution of
      793 words
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      Lock icon Drawing on the gift of sight
      734 20  -  ART PROF ARTHUR LIM Eye surgeons and ophthalmologists who paint: it's a combination that suggests a fairly unique perspective on art An exhibition entitled All Eyes on Art brings together three such practitioners of ophthalmology and art parvathi mayar speaks to Prof Arthur Lim,
      SIEW YAW HOONG  -  734 words
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      60 16 I- v I 77 I. t: 'differ- i AX r-t Hp.- n iMi si MU- because it helps to support the local ar s scene. Every time you use the card, we pledge a percentage of the amount '.Vd*£ >-'")&* to help r actors dancers on -'BjjjL H J&L»v*y||'-J»;- or
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      47 18 The Average Size and Performance of a PruLink Fund. PruLink Singapore Managed Fund An unbeatable record with over $730 million K"HL invested by 90,000 people since its launch in 1992. PR! jT [MI/ INVFS'TMENTS Probably the best managed funds today "S> Always Listening. Always Understanding. PRUDENT lALfv'
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      57 20 K Win BMWs* class every $100 on your W PP H now September balance transfers to WM DBS American Express Credit Card accounts). And lucky to have any or draws, still fully for the are the a To contact us via www.dbscc.com.sg or 1800-835 1234. '.'J»'Cars include registration and road
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