The Business Times, 22 July 2000

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Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    13 1 TheBusinessTtmes MITA (P) 035/12/1999 85C SINGAPORE Internet: http://business-times.asial com.sg/ SATURDAY, JULY 22, 2000
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  • Article
    Lock icon MARKET SUMMARY
    77 1 sn 2421.70 (-6.55) H-m SUM (-4.32) ST INDEX FUTURES 2422 (-1.00) n sasci nmi&Es mm ***** (-1.30) STOCK MARKET INDICES Friday Change KLSE OOMP 835JO -452 NIKKEI 226 1*811.4» -172.08 HANG SENG 17JB0.86 +***** SET INDEX 805.86 -2.19 JAKARTA COMP _JWL7» -U6 MANILA OOMP 1,479.46 -10.11 TAIPEI WPI
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  • Article
    Lock icon FINANCE
    80 1 FOBEX BATES uss ss US$ 1.746 £<US$/S$per£) 1J13 1642 EURO(lS$/S$/E) 0.9» 1.633 DM 2.6M 0.835 YEN 108J 1J»* RM 3.800 6.460 HKS 7.7*7 0.224 BAHT 4056 6.043 RUPIAH 8,926 fliKO* St to IOC units St to IOC unit! PRIME BATES SINGAPORE* 5.80 KUALA LUMPUR 767 JAKARTA 49.00 BANGKOK .9.50
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  • Article, Illustration
    Lock icon F&N share sale triggers general offer for CMB Asia
    628 1  -  US bnyer paying per share, a 37% premium over market price By Serena Ng [SINGAPORE] Diversified soft drink group Fraser Neave is selling its entire 34.25 per cent stake in packaging firm CarnaudMetalbox (CMB) Asia at $3.23 per share, triggering a
    Source: Reuters, CarnausMetalBox Asia's 1999 annual report  -  628 words
  • Article, Illustration
    Lock icon Tsang Jat Meng appointed MD of CDL Hotels NZ
    336 1  -  Move follows this week's departure of incnmbent By Kalpana Rashiwala [SINGAPORE] Tsang Jat Meng, the co-founder of Tsang Ong Stockbrokers, has been appointed managing director of Mr Kwek Leng Beng's CDL Hotels New Zealand, the largest hotel group in New Zealand
    336 words
  • Article
    Lock icon Speaker to Gus Dur: Let Megawati take over
    850 1  -  President tries defusing tension with letter bnt showdown with MPR seems imminent From I Shoeb Kagda in Jakarta THE confrontation between Indonesian President Abdurrahman Wahid and the country's Parliament intensified yesterday when the powerful Speaker of the House of Representatives (DPR) asked
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  • Article, Illustration
    Lock icon YES, Senator
    286 1 Long-winded Greenspan asked to keep it start Reuters [WASHINGTON] Federal Reserve Chairman Alan Greenspan is hardly known for being quick and to the point when answering questions about the US economy. But on Thursday, a Texas senator had the nerve to ask the world's most powerful central banker
    Reuters  -  286 words
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      Lock icon Page 1 Advertisements Column 1
      82 1 DBBPE People rrw Prudential Assurance's chief executive Edmund Koh. Next Page Top stories Chartered Semiconductor's Q2 revenues leap 66% to US$27l m. Pg 4 Sing Tel price could hit $9.15: GK Goh. Pg 5 Starwood looking for other hotels to manage after Westin contract expires. Pgs Privacy protection: Bill to
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      Lock icon Page 1 Advertisements Column 2
      39 1 a glance KsA' .v Group earnings for 6 months ended June 30,2000 2000 1999 CHANGE CSM US$95 8m (USs4B.sm) nm ST Assembly USs29.9m US$7.l m +321.0% OCBC Finance $28.4 m $14.1 m +102.0% CMB Asia $7.5 m $7.5 m
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      Lock icon Page 1 Advertisements Column 3
      7 1 CarnaudMetalbox poets flat interim results, Pg 4
      7 words
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      Lock icon Page 1 Advertisements Column 4
      20 1 MORE REPORTS, Pg3 Wall Street's expectations Asian markets pare early gains Soft landing not a certainty Excerpts of Greenspan's testimony
      20 words
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Jack and the Giant
        101 2 WE reported this week ("Who's the cheapest of them all?") that NTUC Fair Price had commissioned an independent price survey of supermarkets and found that Fair Price had come out tops. And we quoted one industry observer who griped that Fair Price ought to do another
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      • Article
        Lock icon Up in the air
        95 2 DID you know that United Overseas Bank's website actually reveals quite a bit about the bank? In the section on investor relations, UOB has for some time now listed the date of its interim results announcement, Aug 4, unlike the other banks. Other than DBS, which
        95 words
      • Article
        Lock icon Actually, I'm the tea lady
        60 2 JOURNALISTS sometimes get asked the most amusing questions over the phone by public relations people. Recent samples include: "You'll be able to make it to the event on your own, right?" (No, I don't think so; can you send a limo?) Or: "Er, are you
        60 words
      • Article
        Lock icon Just try to look awake
        97 2 ONE BT reader who attended a Merrill Lynch lunch yesterday which featured some speakers said: "All I can say is that the food was very good but most of us yawned through the speeches as no one understood them." Actually, in any given week, those
        97 words
    • Article, Illustration
      Lock icon Edmund Koh: ready for a challenge, anywhere
      1153 2  -  I-1 i exclusive The CEO of Prudential Assurance wants to drive his company to a record-breaking year, SERENA NG reports SERENA NG EDMUND Koh is one who knows what he's talking about. "You can plant me almost anywhere in the world and in
      ARTHUR LEE  -  1,153 words
    • Article, Illustration
      Lock icon Why the PMI is a forecaster's favourite
      747 2  -  exclusive Since its debut here in early 1999, the purchasing managers'index (PMI) has emerged as a widely-tracked key economic indicator. We take a closer look at the US PMI, on which the local index is based. By Anna Teo [SINGAPORE] It's the king
      Source: NAPM  -  747 words
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  • GREENSPAN'S testimony
    • Article, Illustration
      Lock icon Wall Street feels rate hike next month is not likely
      726 3 Poll shows dealers believe key overnight bank lending rate will remain unchanged Reuters WALL Street toned down its expectations for a rate hike next month after Federal Reserve chairman Alan Greenspan said on Thursday that slower growth might be easing
      Reuters; AP  -  726 words
    • Article
      Lock icon Asian markets pare early gains
      653 3 Domestic factors hold sway after early boost from Greenspan Reuters [SINGAPORE] Hopes the US rate hike cycle may be nearing an end gave Asian bourses a brief boost though most had turned lower by late yesterday. The outlook for liquid Asian bond prices also brightened
      Reuters  -  653 words
    • Article
      Lock icon Soft landing not a certainty
      466 3 FOMC urged te err en the side ef cantien at August meeting FT [LONDON] Alan Greenspan's testimony to Congress on Thursday was the strongest indication yet that the Fed chairman is optimistic about achieving a soft landing for the US economy. Victory is certainly in
      FT  -  466 words
    • Article, Illustration
      Lock icon Higher resource use may cause inflation to surge
      740 3 Following are excerpts from the semi-annual report on monetary policy presented by US Federal Reserve chairman Alan Greenspan to the Senate Banking Committee on Thursday. NYT FOR some time now, the growth of aggregate demand has exceeded the expansion of production potential.
      NYT; REUTERS  -  740 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Chartered's Q2 revenues leap 66% to US$271m
      401 4  -  CORPORATE RESULTS It posts USssBm net; communications segment biggest revenue contributor fiy Andrea Tan CHARTERED Semiconductor Manufacturing yesterday reported a 66 per cent year-on-year jump in revenues to U*****.4 million (*****.8 million) for the second quarter, buoyed by higher wafer shipments, productivity improvements
      FILE PHOTO  -  401 words
    • Article
      Lock icon CarnaudMetalbox posts flat interim net
      279 4  -  By Marissa Chew PACKAGING group Carn a u d Metalbox Asia yesterday reported lower turnover and unchanged profit for its first half and said it is unlikely to perform any better in the second half. Turnover for the group slipped 5.6 per cent from $124.5
      279 words
    • Article
      Lock icon General Securities posts 250% jump in H1 profit to $10.3m
      182 4 CLOSED-END fund General Securities Investments has announced a 250 per cent jump in profit to $10.3 million for the six months ended June 30. GSl's operating income was $11 million, up from $3.7 million previously. The company said that there
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    • Article, Illustration
      Lock icon Stats' Q2 net gain of US$14.1m close to market forecasts
      353 4  -  Firm hit by late arrival of wafers; gross margin eroded By' Toh Han Shih THOUGH its bottom line was hit by unforeseen developments, ST Assembly Test Services met analysts' expectations with a 148 per cent year-on-year rise in net income
      FILE PHOTO  -  353 words
    • Article
      Lock icon Cash-rich companies should look beyond share buy backs
      565 4  -  lock siew conrad raj SHARE buybacks appear to be the in-thing for many a listed company these days. Many like Singapore Airlines, Keppel Corporation and Singapore Telecom are companies with plenty of cash and which prior to the rise of dotcom companies
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    • Article
      Lock icon OCBC Finance posts 102% rise in interim gain
      274 5 $28.4 m profit dne to redaction in loan loss provisions OCBC Finance yesterday posted a 102 per cent increase in net profit for the half-year ended June to $28.42 million, mainly due to a reduction in provisions for loan losses. It saw
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    • Article
      Lock icon China Toll says Haihe project will be delayed
      157 5 AFX-Asia CHINA Toll Bridges and Roads Ltd said the completion of its Haihe project in China will be delayed by up to six months from its original timetable of May next year. The delay was caused by the local government's request to
      AFX-Asia  -  157 words
    • Article, Illustration
      Lock icon SingTel price could hit $9.15: GK Goh
      683 5  -  It would need to invest all its cash $4b yearly for 10 years with annual returns of 20% and raise debt-to-eqnity ratio to 25% liy Teh Hooi Ling SINGAPORE Telecommunications' share price can rise up to $9.15, from about the current $2.40 —if
      SIEW YAW HOONG  -  683 words
    • Article, Illustration
      Lock icon MPH opens first bookstore in Indonesia
      447 5  -  Company is eyeing markets in Thailand, Philippines, HE By] Kenneth Lee CONTINUING with its regional expansion, MPH Bookstores, has opened its first outlet in Indonesia. The granddaddy of Singapore bookstores, which has already established a presence in Malaysia and China, is also eyeing new
      FILE PHOTO  -  447 words
    • Article
      Lock icon Eastgate Tech shareholders give nod to staff share options scheme
      276 5 Firm going into new areas; on target to start Taiwan ops EASTGATE Technology yesterday said its shareholders have approved its share options scheme for employees and non-executive directors at its extraordinary general meeting. The company also said it would be
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    • COMPANY Briefs
      • Article
        Lock icon Pah Lian launches Haig Ave project
        76 7 POH Lian Construction, a wholly-owned subsidiary of Poh Lian Holdings, is launching Rose Maison at Haig Avenue today. The four-storey freehold apartment block comprises 13 units ranging from 1,087 sq ft to 2,271 sq ft. To date, three units have been sold. The remaining
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      • Article
        Lock icon TAC secures 20b-baht facilities
        99 7 SINGAPORE-LISTED Total Access Communications has secured 20 billion baht (SsB67 million) in credit facilities from a syndicate of banks led by ABN Amro Bank and including Siam Commercial Bank and SCB Securities. Among other members of the syndicate are Bank of Ayudhya, Bankthai Public Co, DBS
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      • Article
        Lock icon Avimo bags £3m contract
        44 7 AFX-Asia AVIMO Group said it has clinched a £3 million (557.9 million) contract to supply BAE Systems Avionics with helmet optics for its German Tiger helicopter programme. The contract will cover three years, with further orders expected, it said. —AFX-Asia
        AFX-Asia  -  44 words
      • Article
        Lock icon SembCorp ups SembCorp Marine stake
        72 7 Reuters SEMBCORP Industries said yesterday it had raised its stake in subsidiary SembCorp Marine to 62.68 per cent, from 59.82 per cent. The conglomerate said in a statement it bought 40 million shares at 71.63 cents each or a total of $28.65 million from Ishikawajima-Harima
        Reuters  -  72 words
    • Article
      Lock icon RAM reaffirms OCBC (M) ratings
      177 7 AFX-Asia [KUALA LUMPUR] Rating Agency Malaysia Bhd (RAM) says it has reaffirmed the long and short-term ratings of OCBC Bank (Malaysia) Bhd at AA2 and PI, respectively. The ratings reflect the bank's relatively strong asset quality stemming from a conservative lending philosophy and good credit
      AFX-Asia  -  177 words
    • Article, Illustration
      Lock icon NatSteel Electronics up third day in a row
      311 7 Share boosted by Nasdaq gains, share placement rumour; analyst says gearing must be lowered Reuters SHARES of Nat Steel Electronics (NEL) rose for the third consecutive day yesterday on speculation of an imminent share placement by the contract manufacturer striving to improve
      Reuters; FILE PHOTO  -  311 words
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      Lock icon Page 4 Advertisements Column 1
      207 4 22 July 2000 EU YAN SANG INTERNATIONAL LTD (Incorporated in the Republic of Singapore on 10 April 1993) INVITATION IN RESPECT OF 71,500,000 NEW SHARES OF $0.05 EACH COMPRISING:(1) 7,200,000 OFFER SHARES AT $0.35 FOR EACH OFFER SHARE BY WAY OF PUBLIC OFFER; AND (2) 64,300,000 PLACEMENT SHARES BY WAY
      207 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Market ends slightly down but is up 2.3% for the week
      564 6  -  I-iri comment STOCKS siow li sen AFTER a brief spurt in the morning, the Singapore stock market limped to a close yesterday unimpressed with Wall Street's overnight strong showing. The Straits Times Index ended down 6.55 points, or 0.31
      564 words
    • Article, Illustration
      Lock icon LKT wrt: attractive gearing but expiring soon
      181 6  -  WARRANT WATCH By- Wong Wei Kong LEE Kim Tah warrants finished one cent higher or 33 per cent to 4 cents yesterday. Volume was fairly heavy at 2.59 million shares, with the warrant opening at its day-low of 3 cents and hitting a
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    • Article, Illustration
      Lock icon NEL charts show mixed signals
      242 6  -  HOT STOCK By' Wong Wei Kong CONTRACT manufacturer Nat Steel Electronics (NEL) rose again yesterday and finished among the session's most active issues. Its shares rose 40 cents or 6.9 per cent to $6.20. The day's trading range was $5.85 to $6.25. Volume rose to
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    • Article
      Lock icon Market Notices
      136 6 ♦CM Telecom International announced that Chu Oi Wan has resigned as company secretary with effect from today. ♦BBR Holdings said its unit BBR Construction Systems (M) Sdn Bhd (BBRM) has raised its issued and paid-up capital to RM2 million from RMI million by way of an allotment of
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    • Article, Illustration
      Lock icon Regional units drift while US$ slips elsewhere
      332 6  -  hid comment CURRENCIES larry wee REGIONAL currencies continued to trade mostly sideways, hoping for better Indon news that did not materialise. Elsewhere, the greenback lost ground on Fed-inspired faith that US interest rates will not be raised next month. Hopes for a compromise
      Source: Reuters  -  332 words
    • Article
      Lock icon Untitled
      521 6 Stocks Volume Tastyfood 10c 48,085,000 ITech4c 19,703,000 IPC020C 18,094,000 AddvalTech 2.5c 14,854,000 North 22 US1C 14,505,000 Ionics P$1.00 14,176,000 MediaRing 10c 14,114.000 Lee KimTah 10c 13,464,000 CEI5c 9,940,000 GES Intt Ltd 20c 9,252,000 Stocks Chart Semiconductor 26c 67,007,886 NatElec 10c 54,150,350 PacificCentury 41,260,200 SPH 41,162,920 SiA 39,390,370 VentureMtg25c 38,332,123 DBS
      521 words
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      Lock icon Page 6 Advertisements Column 1
      766 6 BKC BRC Asia Limited (Incorporated in the Republic of Singapore on 14 December 1938) INVITATION IN RESPECT OF 143,200,000 ORDINARY SHARES OF $0,025 EACH COMPRISING 37,000,000 NEW SHARES AND 106,200,000 VENDOR SHARES AS FOLLOWS:(A) 14,320,000 OFFER SHARES AT $0.25 FOR EACH OFFER SHARE BY WAY OF PUBLIC OFFER; AND (B)
      766 words
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      Lock icon Page 6 Advertisements Column 2
      48 6 YOU CAN NOW PUT YOUR r CPF SAVINGS IN EIGHT. important All applications for units In eight must be made on the application accompanying the prospectus investors must read the prospectus The vaHie of the units and the income from them may fall as well as nse ©IXISBANK
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  • Article
    Lock icon BT SHARE information service
    4572 7 Mot earn EPS Magnocomp MvlS P 14.730 24.205 7.40 12.1 TY LV TY LY Mwrtacs USS Mar 20 P 1617 0.772 138 031 Company am <(m) (Sm« (cts) (cts) Mofcdn Mar 21 P 2.163 1.199 2.90 U» Ming WahUSS May 02 F 17.192 13.263 8.91 987
    4,572 words
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  • MAIL bag
    • Article
      Lock icon Merger changes DBS Land's risk profile
      300 8  -  Chan Wing Kee MY thanks to Pidemco and DBS Land for sharing the business objectives of their merger with us. However, I would like to make a few points. Investment in real estate has a number of differences compared with investment in manufacturing and
      300 words
    • Article
      Lock icon Steps to ensure unbiased IFAs?
      180 8  -  Toh Teng Mok (Edmund) I AM still seeking answers to some questions on the independent financial adviser (IFA) scheme and hope that your readers, the relevant bodies or the authorities would further educate readers like me, who want a broader understanding of the subject. To
      180 words
    • Article
      Lock icon PromiseLand denies poaching agents
      286 8  -  Florence Tan Director, Communications PR Promise Land Life Insurance Brokers Pte Ltd via Internet I REFER to the article "Insurance companies face shakeup in their sales force" (BT, July 14) and the response from Prudential, "Prudential wants fair play for all channels" (Mailbag, July 18). Your
      286 words
    • Article, Illustration
      Lock icon Scrap the ruling on 'forced' bids, SGX
      187 8  -  Denis Distant THE SGX imposes a 20-cent penalty on "forced" bids, which are orders more than six bids from the last transacted price, irrespective of whether it was on the same day or weeks ago in the case of inactive counters. Where these
      FILE PHOTO  -  187 words
    • Article
      Lock icon How impartial are financial advisers?
      221 8  -  Alison Cousland I REFER to your series of articles on independent financial advisers ("Can IFAs hold their own?", EM, July 14). I wonder how independent and impartial an adviser can be when representing several insurance companies, or when receiving commission from unit trust companies in
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      Lock icon Page 8 Advertisements Column 1
      1109 8 r Westdeutsche Landesbank Girozentrale X VVUoILD (Incorporated in Federal Republic of Germany) Group Balance Sheet as at December 31, 1999 I I Group Statement of Income I > J" 1 'or the year ended December 31.1 12)M| Cash thousands aj cash on hand 47,513,***** 50,289 Interest from b) to wrfh
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Starwood looking for other hotels to manage after Westin contract expires
      602 9  -  M&C's new six-star Tomlinson property and Orchard Hotel seen as possible candidates By Kalpana Rashiwala THE Starwood hotel chain is looking for alternative properties in Singapore as its management contract for the two Westin hotels with Raffles Holdings will
      FILE PHOTO  -  602 words
    • Article, Illustration
      Lock icon CityDev launches Trevose at $810psf
      341 9 CITY Developments and Trade Industry Development will launch The Trevose this weekend at an average of $810 per square foot, two weeks after a preview. The average price includes the prices of the ground floor units and penthouses, which come with private gardens and roof
      341 words
    • Article
      Lock icon SingRe launches insurance portal
      218 9 SINGAPORE Reinsurance Corporation yesterday launched an insurance portal that has garnered the participation of more than 80 per cent of the insurance players in Singapore. The "world's first indus-try-supported insurance portal", Insurance Supermarket.com has signed up 37 companies from both the life and general insurance market,
      218 words
    • Article
      Lock icon Is the New Economy real, does it drive US growth?
      745 9  -  I 3on the economy By Anna Teo JUST what is the so-called "New Economy", and can it take the credit for the US economy's recent remarkable record of good growth coupled with low inflation and low unemployment? The Conference Board
      745 words
    • Article, Illustration
      Lock icon Keep in touch, profitably, with Tiretimes.com
      376 9  -  fly' Toh Han Shih IN the Internet age, having access to the right kind of news can make you millions of dollars or cost you as much. So says GS Sareen, CEO of Mindtrac.com, a Singapore company that enables companies to trade tyres with
      376 words
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  • e-NEWS
    • Article
      Lock icon Bill to make bosses tell when they are snooping on workers
      445 10 iSJSUYiwi protection WASHINGTON Bosses will have to state when they watch, what they watch and how they use the data collected Reuters LEGISLATION introduced on Thursday in both houses of Congress will require companies to tell employees if they
      Reuters  -  445 words
    • Article
      Lock icon Microsoft to bring out 'cookie' alert software
      386 10 SEATTLE AP AFTER years of criticism by privacy advocates for its inaction, Microsoft Corp plans to introduce new software that will let Internet surfers know when online marketers are taking a peek at their private information. Microsoft has sent a select group of
      AP  -  386 words
    • Article, Illustration
      Lock icon Teaching Polly to surf Internet
      70 10 AP [CAMBRIDGE] University of Arizona professor Irene Pepperberg in Cambridge, Massachusetts, with her African grey parrot "Arthur", known to the Massachusetts Institute of Technology Media Lab researchers as "wart", where Ms Pepperberg is a visiting professor trying to find a way to get parrots to
      AP  -  70 words
    • Article
      Lock icon King to offer novel online at US$1 an installment
      481 10 Move will be Ist time a significant release has cnt out publisher NEWYORK Reuters HORROR author Stephen King says he and his readers could become "Big Publishing's worst nightmare" and help "midlist writers" by downloading a new novel from his website
      Reuters  -  481 words
    • Article
      Lock icon Loss at consumer unit mars Ericsson's profit growth
      269 10 STOCKHOLM Reuters ERICSSON'S first half pre-tax profit more than quadrupled to 18.6 billion Swedish crowns (553.6 billion), beating expectations, though some of the shine was taken off the results by a loss at its handset division. Shares in the world's largest maker
      Reuters  -  269 words
    • Article, Illustration
      Lock icon Oracle boss in hot soup over US$10m yacht
      386 10 Broker alleges Ellison did not pay him commissions Reuters [REDWOOD CITY, California] Larry Ellison, the swashbuckling billionaire chairman of Oracle Corp, is in hot water over a US$lO million (5517.5 million) yacht. A California court this week began hearing a lawsuit brought
      Reuters; FILE PHOTO  -  386 words
    • Article
      Lock icon Sprint Corp turns in strong Q2, forecasts growth
      254 10 NEWYORK Reuters LONG-DISTANCE telephone company Sprint Corp, fresh from a collapsed merger with rival World Com Inc, posted second-quarter earnings that squeaked past Wall Street estimates on Thursday and forecast steady growth. Sprint, the No. 3 US long-distance phone company, said net
      Reuters  -  254 words
    • e Briefs
      • Article
        Lock icon Sun Microsystems' Q4 EPS up
        70 10 AFX [NEW YORK] Sun Microsystems Inc said its fourth-quarter earnings per share before special items of 39 US cents beat the first call consensus by 6 US cents due to heavy sales of its core networking and computing, desktop and storage products. The result of
        AFX  -  70 words
      • Article
        Lock icon US telephone carriers face lawsuits
        82 10 NYT [HARTFORD] Connecticut and New Jersey were among eight states that filed lawsuits on Thursday against AT&T, Sprint and World Com, the nation's three largest long-distance telephone carriers, accusing them of misleading consumers in television commercials that offer low per-minute rates. The suits claim that
        NYT  -  82 words
      • Article
        Lock icon Poor Q1 at US software maker CAI
        85 10 Reuters [NEW YORK] Business software maker Computer Associates International on Thursday reported a steep drop in first-quarter earnings, slightly topping Wall Street's lowered expectations that were prompted by contract delays and weak European sales. For the first quarter ended June 30, the software
        Reuters  -  85 words
      • Article
        Lock icon Softbank affiliate's sporting venture
        49 10 Reuters [TOKYO] Major Japanese Internet investor Softbank Corp said yesterday its affiliate would start an online sports news service in a joint venture with Rivals.com Inc, a US operator of Internet sports news. Softbank Media Marketing Corp will begin offering the service in September. Reuters
        Reuters  -  49 words
      • Article
        Lock icon Online retailer's shares jump
        79 10 Reuters [FRANKFURT] Letsßuylt.com shares surged 84 per cent above their 3.50 euros issue price yesterday after the loss-making online retailer lowered its original IPO pricing range due to tough market conditions. By late morning the stock had given up some gains and was trading at 5.30
        Reuters  -  79 words
      • Article
        Lock icon Proteomics closer to 'factory' goal
        73 10 Reuters [ZURICH] Swiss-based Geneva Proteomics, a private start-up biotech firm, is closer to its goal of building a huge "factory" to analyse proteins after receiving US$4O million (Ss6B million) in a recent financing round, the company announced this week. GeneProt is one of a handful
        Reuters  -  73 words
      • Article
        Lock icon Telstra takes stake in KeyCorp
        80 10 Bloomberg [MELBOURNE] Telstra Corp. Australia's biggest phone company, said it had bought a 51 per cent stake in business software provider KeyCorp Ltd for Assls million (***** million) to build an Internet payments business. Melbourne-based Telstra bought 38.7 million new shares at A 513.30 a
        Bloomberg  -  80 words
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      Lock icon Page 11 Advertisements Column 1
      1698 11 Associated Company carnaudMetalbox The Company completed the purchase of the 40% shareholding in CarnaudMetalbox Bevcan Ltd from VVy J CarnaudMetalbox Thailand pel on 2 June for a cash consideration of 106.4 million Baht or about 4.7 million V! —y Details of the transaction were given in the Company's announcements on
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  • REGIONAL news
    • Article
      Lock icon Results show Thai banks on slow road to recovery
      513 12 BANGKOK Cheaper fending costs, fewer bad loans have helped return to health Reuters MORE than half of Thailand's commercial banks had posted first-half results by late yesterday, confirming market expectations of a gradual recovery in the battered sector. Banks pointed to
      Reuters  -  513 words
    • Article
      Lock icon Visa on arrival plan to make things easier for visitors
      311 12 KUALA LUMPUR Focus of new plan is mainly on tourists from India and China Bernama MALAYSIA plans to introduce a "visa on arrival" as well as multiple-entry visa system to facilitate the entry of foreign tourists and trade officers into
      Bernama  -  311 words
    • Article
      Lock icon Year-end merger deadline can be met, says Bank Negara
      311 12 KUALA LUMPUR AFP MALAYSIA'S central bank is optimistic that a year-end deadline for a major bank merger programme can be met despite disputes between prospective partners, a report said yesterday. Bank Negara governor Zeti Akhtar Aziz, quoted by Malaysian Business Times,
      AFP  -  311 words
    • Article
      Lock icon Funds leaving 'because of low interest rates'
      297 12 KUALA LUMPUR NST LOW interest rates on deposits are driving funds out of the country, according to the Malaysian Institute of Economic Research (Mier), but it expects the situation to turn around once the bank mergers are in place because then the interest
      NST  -  297 words
    • Article, Illustration
      Lock icon No evidence of Suharto assets abroad: A-G
      382 12 JAKARTA AFP Reuters PROSECUTORS have been unable to find evidence that former Indonesian president Suharto stashed millions of dollars overseas during his 32 years in power, and his upcoming trial will focus on assets at home, newspapers reported yesterday. "So far there is
      AFP; Reuters; AP  -  382 words
    • Article
      Lock icon Chinese liquidators to auction Gitic shares
      122 12 SHANGHAI Reuters LIQUIDATORS of China's Guangdong International Trust and Investment Corp (Gitic) will auction its domestic institutional shares in three Chinese listed firms, the official China Business Times said yesterday. However, it said there were disputes about the prices at which bidding would start.
      Reuters  -  122 words
    • Article
      Lock icon Ibra sees settlement of Ciputra debts
      207 12 JAKARTA 45% of 2.1t rupiah debt may be restructured in Oct, with the rest in Dec Reuters THE Indonesian Bank Restructuring Agency (Ibra) said yesterday it hoped to settle about 45 per cent of debts it holds from giant property developer Ciputra Group in
      Reuters  -  207 words
    • MARKET moves
      • Article
        Lock icon Failed NTT talks hit Telekom Malaysia
        106 12 SHARES of Telekom Malaysia, the second heaviest capitalised stock, continued to suffer from failed talks with Japan's Nippon Telegraph and Telephone (NTT) as a strategic partner. The stock ended down 30 cents at RMI2 on a moderate volume of 2.5 million shares. In all,
        106 words
      • Article
        Lock icon Proton slips on thin trading
        45 12 SHARES in national car maker Perusahaan Otomobil Nasional (Proton) shed 25 cents at RM5.75 on a thin 145,000 shares traded. Proton's alternate director Fumio Yoshimi said the company would not be able to compete under liberalised market conditions in 2005.
        45 words
      • Article
        Lock icon Public Bank almost at 6-month low
        128 12 Compiled by Reuters and AFX-Asia SHARES of Public Bank slipped 10 cents to RM3.10 on investor disenchantment over its merger plans with Hock Hua Bank. A total of 2.59 million shares changed hands while its foreign shares lost 0.04 to RM3.60 on 440,000 shares.
        Compiled by Reuters and AFX-Asia  -  128 words
    • Article
      Lock icon China to combine 10 airlines into three groups
      127 13 BEIJING Reuters CHINA will set up three major airline groups, combining 10 airlines under the direct control of the Civil Aviation Administration of China, the official Xinhua news agency reported yesterday. The new groups will be based on major international carrier Air
      Reuters  -  127 words
    • Article
      Lock icon Territory can weather US rate rise impact
      409 13 HONGKONG Reuters AFX-Asia HONGKONG Monetary Authority Chief Executive Joseph Yam says hefty inflows of cash mean the territory should comfortably weather another US rate rise if the Federal Reserve decides to raise rates next month. Despite having to follow the US lead in
      Reuters; AFX-Asia  -  409 words
    • Article, Illustration
      Lock icon High stakes in Bangkok governor election
      896 13  -  Besides control of city budget, winning party will get a boost for general election From Harish Mehta in Bangkok THE stakes in the Bangkok governor election tomorrow are high as the top city post comes with a 3 billion baht (SSI3O million) annual budget,
      896 words
    • Article
      Lock icon America Online turns in strong 4Q profit
      391 13 New York Times [NEW YORK] Signaling that the problems of many Internet start-ups were not hurting their larger cousins, America Online on Thursday reported fiscal fourth-quarter earnings of US$33B million (*****.6 million), up 115 per cent from a year earlier. America Online, the
      New York Times  -  391 words
    • Article
      Lock icon US up in arms over BA's merger talks with KLM
      500 13 LONDON Fear KLM takeover will let BA into US through backdoor Bloomberg THE Schiphol airport hub of KLM Royal Dutch Airlines would take centre stage in merger talks with British Airways after a US threat to disrupt any merger unless
      Bloomberg  -  500 words
    • Article, Illustration
      Lock icon Gore says Bush squandered Texas surplus
      555 13 Reuters [SAN ANTONIO] Democratic presidential candidate A 1 Gore roared into Republican rival George W Bush's Texas on Thursday and blasted the two-term governor's record, including newly disclosed state cost overruns. Mr Gore charged that a projected state budget shortfall is the result of
      Reuters; AFP photos  -  555 words
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      426 12 =v NOTICE IS HEREBY GIVEN that I, MR NG KIM TONG of 93 Thomson Green, Singapore *****0, have applied for a Public House, First Class (Extended) in respect of M/s Catinat Pub Cafe, located at Novena Square Shopping Centre, 238 Thomson Road #01-20/21 Singapore 3 0768 3, and that this
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      336 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TECKEEN ENGINEERING PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before 21 August 2000 send in their names
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  • WORLD news
    • Article, Illustration
      Lock icon Oil could derail major economies, say leaders
      795 14  -  0-7 SUMMIT First-day talks also focus on strengthening debt relief for 40 poorest nations; financial reform From. Anthony Rowley in Okinawa THE apparently rosy outlook for most of the world's leading economies and many developing regions could be threatened by unstable energy markets,
      AP  -  795 words
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      Lock icon Putin briefs G-7 on meeting with Pyongyang
      499 14 Prospects of N Korea ending long isolation said to be encouraging [OKINAWA] Russian President Vladimir Putin delivered what was described as a highly positive message last night to the G-7 summit in Okinawa on the prospects for North Korea ending its long isolation
      AP  -  499 words
    • Article
      Lock icon Sony to tap bond market for 300b yen
      237 14 TOKYO Reuters SONY Corp plans to return to Japan's bond market for the first time in seven years, raising up to 300 billion yen (Ss4.B billion) and reflecting a push by corporate Japan to issue debt before interest rates turn higher. The
      Reuters  -  237 words
    • Article
      Lock icon Citigroup to get new vice-chairman
      188 14 NEW YORK Reuters CITIGROUP Inc, the No 1 US financial services company, is set to announce that Robert Lipp will work with chairman Sanford Weill and former US Treasury Secretary Robert Rubin in the bank's office of the chairman, according to company spokesman Michael Schlein.
      Reuters  -  188 words
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      Lock icon Richemont sees quick return on LMH buy
      500 14 ZURICH Market watchers feel purchase is a good one bnt the price is high Reuters LUXURY group Cie Financiere de Richemont expects to be able to get a quicker return on its 3.08 billion Swiss franc (553.16 billion) acquisition of the LMH watch
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    • Article
      Lock icon Disclosure rules must stay alter exchange merger: UK watchdog
      308 14 LONDON Financial Times THE United Kingdom will not relax its standards of transparency in order to iron out regulatory differences with Germany if the London Stock Exchange-Deutsche Borse merger goes ahead, according to the top financial watchdog. Howard Davies, chairman of
      Financial Times  -  308 words
    • WORLD Watch
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        Lock icon Sears, Roebuck Q2 earnings up 17%
        102 14 Reuters [HOFFMAN ESTATES, Illinois] Sears, Roebuck and Co, the No 2 US retailer, yesterday reported a 17 per cent increase in second quarter profits, beating Wall Street's revised expectations as results were boosted by its retail and credit businesses. Sears, the second largest retailer
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        Lock icon Kodak earnings within estimates
        73 14 Reuters [NEW YORK] Photography giant Eastman Kodak Co yesterday reported a 4.5 per cent increase in second-quarter operating profit, in line with Wall Street estimates, and forecast that third quarter results would be within the range of analysts' estimates. Excluding depreciation and one-time items, the Rochester,
        Reuters  -  73 words
      • Article
        Lock icon Anglo makes A$3.1b bid for North
        67 14 Reuters [MELBOURNE] International mining giant Anglo American pic launched a friendly As3.l billion cash bid for North Ltd yesterday to gain access to the iron ore industry, trumping a hostile move by rival Rio Tin to pic. Anglo offered A 54.25 a share, including
        Reuters  -  67 words
      • Article
        Lock icon Nikko Sec profit surges 20%
        79 14 Reuters [TOKYO] Nikko Securities, Japan's third-biggest brokerage, yesterday reported a more than 20 per cent profit rise for the three months to end-June, shining out against a gloomy earnings picture in the sector. Nikko, owned about 20 per cent by partner Citigroup of the US,
        Reuters  -  79 words
      • Article
        Lock icon UK Q2 growth stronger at 0.9%
        117 14 Reuters [LONDON] Britain's economy expanded by a stronger than expected 0.9 per cent in the second quarter from the first, preliminary data showed yesterday, a figure bound to re ignite fears of a further rise in interest rates. The Office for National Statistics said
        Reuters  -  117 words
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  • FINANCE & commodities
    • Article
      Lock icon STI futures lose early gain after stocks fall
      314 15  -  SGX Derivatives Tfradln^Reports ST IndeVMSCISPpore Index Chan Yet San SINGAPORE stocks yesterday could not protect early gains, ending a tad down. The Straits Times Index fell 0.31 per cent to 2,126.70 points. Within the index, 21 counters advanced, 22 declined and 12
      314 words
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      Lock icon Futures fall on fear of China wrath
      242 15  -  MSCI Taiwan Index Chan Yet San TAIWAN stocks fell again yesterday despite gains on the Nasdaq overnight. The MSCI Taiwan Index fell 0.86 per cent to 358.85 points. Trading volume within the index was above average at 800.72 million shares with 40 stocks
      242 words
    • Article
      Lock icon Oil dips on Saudi output hike impact
      196 15 ENERGY REPORT Reuters [LONDON] OU prices slipped again yesterday amid mounting confidence that Opec giant Saudi Arabia is quietly pumping more crude to cool overheated energy markets. North Sea Brent crude futures for September were down 26 US cents at US$2B.Ol a barrel
      Reuters  -  196 words
    • Article
      Lock icon CURRENCY REPORT
      329 15 Reuters I<<WI<I4WI THE yen weakened across the board yesterday, hobbled by lingering doubts about Japan's economic recoveryA one per cent drop in the Tokyo stock market's Nikkei Index despite a sharp rally in Wall Street stocks the previous day highlighted the dim view investors were taking on investments
      Reuters  -  329 words
    • Article, Illustration
      Lock icon Untitled
      1231 15 DfTERBAMM CROSS RATES O W too fir Pi mi Van Won KM M2S Eak H Nw S$ UX Sir WT} 8Ht Pom* USS Australia 0.862 4.860 0.626 4.106 1224 4.565 26.340 52.256 0.635 6.515 2.225 L263 30.870 25.990 1022 4.040 0.971 18.168 ***** 0.387 0.586 Canada 1.161 5.641 0.726 4.766
      1,231 words
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      Lock icon Untitled
      1801 15 SICOM ruTiinES Jul 21 RUBBER (futures ctosinq as *t 5.30pm) RS51 CONTRACTS cwtsAq) Ck>s« Vofcmo Opoo Mwrt>l Kj?fc If* Sott (tows) twtomt AngOO 112.50 SjOO 05.75 400 22.™ *117.00 Nov 00 U7.75 RSS 3 CONTRACT (US c#nts/ty) VotaM Ooofl Mowt<> Uw Sort (tows) hrtwnt 00 63.75 1900 JSS £5 6450
      1,801 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Hang Seng flies past 18,000 before some caution sets in
      2868 16 HONGKONG HHangSeng +***** HONGKONG'S Hang Seng Index topped 18,000 yesterday on high turnover of HK$2O.2 billion but pared gains later to end up 0.91 per cent or 162.35 points at 17,920.86 as profit taking set in. Investors took comments by
      2,868 words
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      Lock icon CHINA
      1019 16 Reuters P Shenzhen B Index -&22 CHINA shares closed mixed yesterday as markets consolidated, but brokers expect them to ride slightly higher next week. Shanghai's hard currency B Share Index climbed 1.28 per cent, or 0.74 of a point, to 58.25. Turnover inched up to U5513.31 million. The Shenzhen
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,019 words
    • Article
      Lock icon TAIPEI
      353 16 AFP □*P Index -5116 TAIWAN share prices closed down 0.6 per cent yesterday on selling of technology shares despite overnight gains on Wall Street, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 52.16 points to 8,167.37, on turnover of NT583.68 billion. "US semiconductor issues were relatively weak
      AFP  -  353 words
    • Article
      Lock icon Stocks dip on institutional absence
      2050 16 TOKYO Reuters □ffikka22s -1784)8 TOKYO stocks finished weaker yesterday with many institutional investors absent following Thursday's national holiday and high-tech issues surprisingly unresponsive to a jump in their US counterparts. Info-tech stocks such as Sony and Softbank fell, while a month-old rally in low- and
      Reuters  -  2,050 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon Market eases further, led by Telekom
      416 17 Reuters CI Composite Index -422 MALAYSIAN stocks ended on a softer tone yesterday, hurt by a fall in index heavyweight Telekom Malaysia. The benchmark Kuala Lumpur Stock Exchange Composite Index closed down 4.22 points or 0.51 per cent at 831.08, off an intra-day low
      Reuters  -  416 words
    • Article
      Lock icon Untitled
      8565 17 INDUSTRIALS CoiiSMitf products 2000 i_«st Vol Dav Not Cm Ciifwy 'pop Low P/I »mli 112 3 22 i'" > m<>t0 360 19 7 145.9 <122 ng **V 76.5 2.5 I 76.5 76.5 112.8 ,SZ9 i??"® Foo<s MI< J 470 4 3 470 468 10.2 188.0 son 122 5tySL- 3300 urK:h
      8,565 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      2984 18 BONDS A WARRANTS r*m/ fapkf J™ Urt M Boy UlHllll ta« Mtai Car M» «H> u» C——" M> Hr- rB661 U» Boy UB» W» mm Mm (%|6o«1o»2 uft 5 ,6 5 16 -I 67 18.5 18 1« '85 19 4t0 1 300 167 6.61 12 38 7 1 MTK>IKM(HBT 7
      2,984 words
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      Lock icon BANGKOK
      773 18 AFP P SET Index -119 THAI share prices slipped again yesterday, losing 0.7 per cent as foreign institutional investors sold off blue-chip issues. The Stock Exchange of Thailand (SET) Index dropped 2.19 points to finish at 305.66, and the SET 50 index was off 0.19 of a point at
      AFP  -  773 words
    • Article
      Lock icon MANILA
      267 18 AFP P Composite Index -10.01 PHILIPPINE share prices fell 0.7 per cent yesterday on concerns that domestic interest rates would rise. The Composite Index lost 10.01 points to 1,479.46. Turnover volume fell to 540 million shares but value rose to 952 million pesos. AFP >«« C00»> MRCAMad 0.4* unch
      AFP  -  267 words
    • Article, Illustration
      Lock icon JAKARTA
      685 18 AFP Q Composite Index -AM INDONESIAN share prices closed one per cent lower yesterday on profit-taking ahead of a weekend filled with uncertainties, dealers said. The Jakarta Stock Exchange Composite Index closed down 4.60 points at 508.79, off a high of 514.36 points. Volume was 711.7 million shares worth
      AFP  -  685 words
    • Article
      Lock icon WELLINGTON
      276 18 AFP QNZSE-40 -&54 NEW Zealand stocks closed down 0.4 per cent yesterday despite reassuring comments from US Federal Reserve chairman Alan Greenspan overnight, dealers said. The benchmark NZSE-40 Capital Index fell 8.54 points to 2,123.85 on turnover of NZ597.5 million.— AFP «a *t- cmn Advantage HD3 2.70 0.0S 78
      AFP  -  276 words
    • Article
      Lock icon SYDNEY
      551 18 AFP QAQOrtmiria +30J0 AUSTRALIAN shares rose almost one per cent to hit a record close yesterday as local investors joined Wall Street in hailing the US Federal Reserve's decision to halt interest rate rises for the time being, brokers said. The All Ordinaries Index rose 30.90 points to 3,290.30,
      AFP  -  551 words
    • Article
      Lock icon SEOUL
      307 18 AFP F1 Composite Into Hjl SOUTH Korea's Composite Index yesterday closed up 4.16 points at 783.06. Volume was 403.6 million shares worth 2.7 trillion won. —AFP Mil «M Anam Saml ***** -650 Brain Tad) 875 20 Cantral Bank 849 -»45 ChaHComm *****0 2000 DaaCuBank 2249 -19 Daatanq Corp 1810
      AFP  -  307 words
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  • Article
    Lock icon STOCKS sgx
    7363 19 SGX MA INBOARD Transaction date: Jul 21 52* Wk Cf Cf M Wt High Low Comoanv klfi M1 L*»t Ouot. 01* Otv YW Net Cap Avg t»mp«ov Slle < OOP) High Low Buyer Seller C« P/t SmM Prteo MULTI-INDUSTRY M '5! "c 120 5! ,2 s 4J ,4
    7,363 words
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      Lock icon Page 20 Advertisements Column 1
      315 20 Where to wine, dine and entertain../"""? < -Definitely the first card in the world 4545 Roti prata, sashimi, torn yam prawns, drunken chicken or New Zealand Outlands roast sirloin beef. You'll also stand a chance to win two air tickets and hotel stay to New Zealand. y Japanese Buffet Lunch
      315 words
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      Lock icon Page 20 Advertisements Column 2
      61 20 r i 1 r3c£\ r&ry 1 HOTEL QRANO CENTRAL UMITEO J 22 Orchard Road/Cavenagh Road, Singapore *****7 J Tat 737 M 44 Ext 400/02 Fax: 733 3175 Jit Cidttis} 15W6?. a ■over the others. Advertise in Wine, Dine Entertain of The Business Times and reach out to 117,000 readers daily.
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      872 20 fiMTwiflTTS}—^Central U- 00 Mortal Kombat: Con- 5.00 Kakan Tiga. 9.00 One Hour News. quest. SJO Aksi Mat Yoyo. 10.00 Headlines. 8.00 AM Kids Central. The MN What Went 6.00 Keluangman. 10.02 Glimpses Of Asia (r). R-io httip HinlS Wrong? (Variety). 6JO Cerdik!. iojo At Home With (r). AjadFriends. Tonigh, With
      872 words
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 2
      273 20 CRYPTIC CROSSWORD ACROSS 7 A promise of home (5) 1 Powerless to arrest saint that's Coward s summer affliction? volatile (8) 5 5 Angel s moving phrase (6) 9 Send rourj instrument to scene 10 SSSWtIsSaIT 8 b 03 8 14 shenffs offi--11 Hand back to corps depot (7) 16
      273 words
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  • The Arts
    • Article, Illustration
      Lock icon An Irish chorus line
      1884 21  -  Riverdance. the straight-backed, high-kicking phenomenon that has spawned many imitators, hits town later this year. FELICIA YAP hears the story of its creation and evolution FELICIA YAP REASONS for celebration and champagne couldn't have been better: After five years of a whirlwind global tour, an overnight
      PHOTOS: SIEW YAW HOONG  -  1,884 words
    • Article, Illustration
      Lock icon achtung auteur
      974 22  -  A roll call for change brought young talent to Berlin's revered Schaubuhne, in a bid to shake up contemporary theatre. One of its new directors, Jens Hillje, tells JOHN GEE about taking democracy and dance onto the German stage JOHN GEE THERE were no half measures when one
      974 words
    • Article, Illustration
      Lock icon Seriously funny
      770 22  -  JOHN GEE meets the writer of Action Theatre's Viva Viagra JOHN GEE OVIDLA Yu was looking happy when we met for our scheduled interview. Maybe it was because she had just finished one of her thrice weekly gym sessions, or the fact that her play Viva Viagra is
      770 words
    • Article, Illustration
      Lock icon Pig out!
      658 23  -  The little porkers are everywhere at Plastique Kinetic Worms. PARVATHI NAYAR faces the truth about pigs and pigs PARVATHI NAYAR A bunch of pig masks as works of art. You may well say with puzzlement, "Oink?" The claim is no exaggeration though. A stack of naturalistic pink-and-fleshtone pig
      PHOTOS: ARTHUR LEE  -  658 words
    • Article, Illustration
      Lock icon A Chinese chamber quartet
      1207 23  -  Four friends in the Singapore Chinese Orchestra come together in a unique ensemble By: Felicia Yap THE four friends who form the Huqin Quartet certainly belong to a very unorthodox tribe. Sharing a common passion for chamber music, Poh Yee Luh (gehu), Ling Hock Siang (erhu),
      ARTHUR LEE  -  1,207 words
    • Article, Illustration
      Lock icon THE PROGRAMME
      1609 24  -  Compiled by M Yasotha MUSIC Singapore Symphony Orchestra Beethoven Piano Concerto Cycle/The Great Classicists Highly acclaimed English pianist Howard Shelley conducts both from piano and podium in this unique performance. The concert begins with Mozart's single-movement Symphony No 32 and closes with Schubert's Symphony No 4. July 22,8.15pm
      1,609 words
    • Article, Illustration
      Lock icon SPOTLIGHT
      302 24 The Boas Kacang Puteh —Group Exhibition of Small Works by 51 Young Artists showcases small artworks created by local artists. These works—some playing with the theme of being small and others hatched from experimenting with the exhibition space—will be put up by artists whose age ranges from two to
      302 words
    • Article, Illustration
      Lock icon Bright spark
      467 24  -  PARVATHI NAYAR admires Kristoffer Tan's beautifully lit paper lanterns PARVATHI NAYAR SOMEONE passing outside the new Art-2 Gallery space in the MITA Building, apparently, mistook the gallery for a light shop. It's not hard to guess why the gallery is currently exhibiting a collection of paper lanterns. The
      467 words
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      479 23 IName:(Mr/Ms/Mdm) wIC. I/C Of Passport No.: Protession: IR vt iIiPL ■■■■■■nBHnBBBI Contact No.: (H) (O) (Pgr) J (HP) (Fax) (Email) ■■M H If you currently do not subscrtoe to any other SPH newspaper besides Lianhe Zaobao, the monthly defivery foe for 9 months (non refundable) W is payable upfront ($9
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