The Business Times, 2 September 2000
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2000-09-02
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The Business Times
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Title Section13 2000-09-02 1 THE BUSINESS TIMES mita{P)o^miaas 85C SINGAPORE Internet http://business-times.asial .com.sg/ SATURDAY, SEPTEMBER 2. 200013 words
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Article76 2000-09-02 1 M STI U *****70 (+12.93) Ml 83UM (+7.94) ST INDEX FDTTJIES U 247L00 (+24.00) PlsmamuiEs U 282.70 (+4.40) vracnuBEBT OUNCES Friday Change KLSE OOMP 767.62 -2&82 NIKKEI m 16,739.78 121.48 HANG SENG 17,***** +236.10 SET INDEX 316.73 +2J0 JAKARTA COUP —***** +4.04 MANILA COUP -7.8? TAIPEI WP1 7,426.6676 words
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Article, Illustration670 2000-09-02 1 Teh Hooi Ling - What is not explicitly banned is permissible, says Dr Tony Tan By Teh Hooi Ling [SINGAPORE] In a bold step to embrace the New Economy, the government is to make a 180-degree turn in its regulatory approach. Instead of670 words
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Article, Illustration554 2000-09-02 1 Serena Ng - Rounding down shares will work against small holders By Serena Ng [SINGAPORE] Nasdaq-listed Flextronics International yesterday made another swoop on a Singapore-listed company Li Xin Industries. Flextronics announced it will acquire the mould-maker for $0.40 per share or a total ofSource: Bloomberg - 554 words
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Article, Illustration556 2000-09-02 1 Conrad Raj - US grand jury indicts him on bankruptcy fraud charge By Conrad Raj [SINGAPORE] American federal agents, with drawn guns and body armour, burst into a creditors' meeting in Honolulu and arrested former highprofile Singapore corporate figure Sukamto Sia. It was a scene that couldFILE PHOTO - 556 words
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Article76 2000-09-02 1 FOBEX RATES USt St USS 1.711 £|US$/S$per£) MM 14t7 EU1»(US*SI/E) -1» lUt DM 1191 1178 YEN 1061 ILM RM UN 1216 HKS 7.7ft 4133 BAHT 4011 8.77 RUP1AH 8KB <825 •S$ to 100 units FUME KATES SINGAPORE* 5.86 KUALA LUMPUR 717 JAKARTA 19.00 BANGKOK 9.50 MANILA 11.00 HONUKONG 8.6076 words
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Article, Illustration645 2000-09-02 1 COMMENTARY Speakers' Corner risks anting op as a flash In the pan unless there's more oomph, says Jaime Ee THE scent of humanity is not at its best when the sun is high and lunch is in the early stages of digestion. No,CHRIS LOH - 645 words
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Page 1 Advertisements
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Advertisement73 2000-09-02 1 mans The Arts SSEI I 1^» 1H Beauty in the raw. P|2f Top Stories Stanchart wins bid for Chase's HK retail business. P§ 3 MAS proposes licensing Approved Fund Managers. *4 S'pore IPO market set to attract record $10b Pgs DC cut to reflect land values, not to please developers:73 words
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ON THE grapevine
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Article90 2000-09-02 2 SEEMS that home buyers aren't the only people "spooked" by the Hungry Ghosts Month, a time of year in the Chinese calendar when the more superstitious folks put off making major decisions. The managing director of a public relations firm specialising in technology and Internet companies was telling90 words
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Article60 2000-09-02 2 FIRST-E, the Internet bank in England, is offering customers who sign up a free Nokia handphone preset for first-e's WAP banking service. In addition, it is throwing in 100 free minutes a month for the first six months and free connection. Wonder if any of60 words
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Article110 2000-09-02 2 HERE'S something for you to explore over the weekend (instead of messing around guiltily during office hours). Lycos Asia is gearing up to offer 24-hour updates on the latest and the greatest from Sydney in both English and Mandarin at http://olympics.lycosasia.com. Although the games will110 words
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Article82 2000-09-02 2 HERE'S what the latest BT Online poll reveals about attitudes to working life in the New Economy. In response to recent news that the civil service is to allow teleworking as an alternative working arrangement for parents with young children, 63 per cent of respondents thought82 words
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Article, Illustration621 2000-09-02 2 Teh Hooi Ling - REACTION TO DR TOUT TAWS SPEECH International panel calls for more fundamental research Byl Teh Hooi Ling [SINGAPORE] To move from an economy that merely adds value to one that creates value, Singapore should do more fundamental research, encourage more to take upSource: National Science & Technology Board - 621 words
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282 2000-09-02 2 Daniel Buenas - M«ve expected to attract m«re industry dl&vers, quicken pace of By Daniel Buenas [SINGAPORE] New government initiatives to help inspire technopreneurship in Singapore were announced by Deputy Prime Minister Tony Tan at last night's Tech wards. In a key move, the requirement that282 words
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312 2000-09-02 2 [SINGAPORE] Ten scientists have received the National Science and Technology Award and another has won the Young Scientist Award for their exceptional contributions to the development of science and technology in Singapore. The honours were handed out last night by Deputy Prime Minister312 words
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416 2000-09-02 2 Project to be linked by Light Rail Transit to MRT network [SINGAPORE] Jurong Town Corporation has been appointed lead agency to develop the multi-billion dollar Buona Vista Science Hub. And the project, which will include the Business Park and a planned commercial416 words
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Page 2 Advertisements
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Advertisement93 2000-09-02 2 Since 1975 our worldwide staff of over 275 multi-disciplined professionals V including lawyers, chartered accountants. t i K chartered secretaries and bankers have A |1 provided confidential and cost effective I? Jft company formation in all the major low tax areas including; T -.r-v-.: /r »v r a Incorporation Fees93 words
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Advertisement13 2000-09-02 2 209 BUSINESS OPPORTUNITIES Opportunities aplenty are knocking here daily. Th« Straits Tim»s Classified13 words
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SINGAPORE companies
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Article, Illustration712 2000-09-02 3 Quak Hiang Whai - US$L32b cost includes USslb cash goodwill; acquisition at price-to-book ratio of AJS times From< Quak Hiang Whai in Hongkong STANDARD Chartered pic and Chase Manhattan Bank ended weeks of speculation yesterday as the two banks announced the UKbased Stanchart will pay aroundAFP - 712 words
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565 2000-09-02 3 Lee Han Shih - Bid by Gokongwei easy if UIC share price languishes By Lee Han Shih DRAGGED down by poor office rents, takeover target United Industrial Corporation and its subsidiary Singapore Land yesterday reported slightly lower interim results. UIC, which started life as a detergent maker565 words
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849 2000-09-02 3 anthony rowley - ■T?ST?!l lock siew anthony rowley TOKYO'S Nikkei-225 Average pushed back up above the 17,000 level on Monday for the first time since midJuly. But it was downhill in the next four days, with the final reading at the end of the week849 words
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164 2000-09-02 3 SSANGYONG Cement yesterday said its interim net profit jumped 155 per cent jump to $13.8 million, boosted by investment income. The leap was achieved despite a 12 per cent fall in turnover to $42.7 million for the half year to June.164 words
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OTHER Results
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119 2000-09-02 3 EXCEL Machine Tools said its first-half net profit fell 63 per cent to $335,000 from $804,000 a year ago. Group turnover was $4&2 million, an 18.1 per cent increase compared to the same period in 1989. The increase was attributed to contribution from119 words
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Article163 2000-09-02 3 UNitisd Pulp Paper (UPP) said first-half net profit roee 6.9 per cent to f1.66 million. The group registered a turnover of $32.0 million, an increase of $&3 million or 35 per cent over the same period last year. Higher sales volume and selling prices of163 words
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Article95 2000-09-02 3 LIM Kah Ngam (LKN) said its half-year net loss has narrowed to $10.1 million from $14.6 million. Group turnover decreased by 68 per cent from $66.7 million to $21.3 million compared to the corresponding period in 1990. ITiis was mainly due to a decline of $4995 words
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268 2000-09-02 4 AFX-Asia SHARES of Boardroom Ltd closed 6.4 per cent above their IPO price at 41.5 cents on their debut yesterday, on expectations that the company's niche secretarial business represents a steady recurrent stream of income, dealers said. The stock opened atAFX-Asia - 268 words
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610 2000-09-02 4 Serena Ng - Feedback sought on move to ensure industry keeps abreast of international regulatory practice By I Serena Ng THE Monetary Authority of Singapore has proposed that all new and existing Approved Fund Managers (AFMs) be licensed so that the industry will stay abreast of international610 words
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Article, Illustration299 2000-09-02 4 Ling Su Ann - It plans to re-enter broking business in Malaysia soon By Ling Su Ann OCBC Bank, Singapore's No 2 lender by market capitalisation, yesterday said it will suspend its Philippine stockbroking operations at the end of this month and is looking to re-establish its brokingFILE PHOTO - 299 words
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COMPANY Briefs
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81 2000-09-02 4 Reuters w ELECTRICAL fittings firm Clipsal Industries Holdings announced yesterday that French electrical equipment manufacturer Schneider Electric now holds an 1&22 pacent stake in it. Schneider, which is said to be interested in talcing over the company, was a major buyer erf Clipsal sharesReuters - 81 words
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60 2000-09-02 4 VICKERS Capital has agreed to sell car loan receivables to Hong Leong Finance for about $15.5 million. The consideration will be satisfied ftilly in cash by Hong Leong on the completion date. Vickers intends to use the proceeds to invest in new-technology venture-capital funds60 words
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Article47 2000-09-02 4 THE Singapore Exchange Derivatives Trading division said trading volume rose 5.45 per cent to 18.9 million contracts in January-August. Contributing to the growth was the strong performance of the MSCI Singapore and Taiwan stock index futures, eurodollar and euroyen futures, it said.47 words
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Article4023 2000-09-02 4 Mataam CM LMrtUMHMt Apr 13 P 1553 0261 2.90 OJO Of TY LY TY LV LHT Htdgp fir 23 P 2.047 2XM 1-20 2.99 C1H ann <*■» ttml (cm tete) U»WiN|M MrU P 22X99L 191t6SL 19L 108L T7 Ma LM Aug 02 I 9.004 ***** 2.404,023 words
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1104 2000-09-02 5 Ling Su Ann - $2.8b raised in first 8 months of year; SGX, Ml, PSA Corp expected to dominate 30-40 listings in the next few months By Ling Su Ann SINGAPORE'S initial public offering market is set to attract a record $10 billion in investor monies1,104 words
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Article, Illustration311 2000-09-02 5 Plan for more stores in region; visit by Red Devils next year Reuters LUXURY brand and retail firm FJ Benjamin Holdings yesterday launched in Singapore its first Manchester United store in Asia, and aims to open more stores in South-east Asia overReuters; AP - 311 words
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Page 3 Advertisements
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Advertisement96 2000-09-02 3 If you are enthusiastic about the securities industry and would like to be a remisier, we can initiate you towards your goal. We are looking for mature people with drive and good potential client network to be part of our organisation. If you have passed the Trading Representatives' Examination, we96 words
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Advertisement21 2000-09-02 4 Take your cue! Your weekly ouitfc to WWM W OTHW Ml M WPf li m m The New Paper Fastais fBStSOS21 words
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Advertisement11 2000-09-02 5 ■I iiilii T mil hi S'pore designs win 3 top prizes11 words
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Advertisement448 2000-09-02 5 r HI inoQn«ompjntamgt»^ MAGNECOMP INTERNATIONAL LIMITED (incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at Vault Room, Level 1, Hotel Inter-Continental Singapore, 80 Middle Road, Singapore *****6 on Monday, 18 September 2000448 words
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SINGAPORE markets
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Article389 2000-09-02 6 Stocks VcfcjfTW Boardroom 5c X,345,000 MyoaN 17,173,000 STEnga 10c... 9,866,000 ITechGrp4c 9,336.000 STel15c 7,403,000 Land 4,977,000 TTW15C 4,560,000 ChuanHup20c 3,769,000 TanChonglntfOc 3,669,000 Suo«gNQ»p 10c 3,501.000 Dock* DBSGrp 34,252,384 U06 25,757,094 SIA 25,406,720 ST Engg 10c 23,497.071 Chart Semiconductor 26c. 21,070,476 SingTai15c 20,390,066 SPH 16,304.965 JT HWgs 10c.... 14,567,040 OUB 13,840,060389 words
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Article, Illustration550 2000-09-02 6 r. sivanithy - I comment STOCKS r. sivanithy A REBOUND in the banks and a few other blue chips including electronics counters yesterday put some daylight between the Straits Times Index and the troublesome 2,150 mark. But volume was again low and prices mixed in550 words
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Article, Illustration346 2000-09-02 6 larry wee - I-ifj comment CURRENCIES larry wee AN expected 0.25 per cent interest-rate rise by the European central bank overnight did little to improve the fortunes of the euro it hit a marginal new low of 88.37 US cents and 511.5205 in overnightSource: Reuters - 346 words
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Article, Illustration178 2000-09-02 6 R Sivanithy - WARRANT WATCH by] R Sivanithy JUST three months ago, Ipco International's shares were ramped up to $4. Today, they sell for almost a tenth that price, closing yesterday at 47.5 cents. Normally, this sort of collapse would be a cue to sit178 words
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Article, Illustration216 2000-09-02 6 Ven Sreenivasan - HOT STOCK By Ven Sreenivasan THE stock of Internet telephone specialist Mediaßing.com has fallen a long way from its highs above $1.50 at the start of this year. It is now languishing far below those levels and slipped another half-a-cent to 50 cents yesterday. Although it216 words
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Article65 2000-09-02 6 that their subsidiary, Chip Eng Seng Contractors Pte Ltd, has been awarded a contract worth $39.8 million by the BoardUoconstruSlß^ 1 wifl trade ex interim dividend mm ■imm -m n and the date payable for the ♦CRAFT Print has entered into a shareholders agreement with Patroids Creative Works65 words
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Advertisement15 2000-09-02 6 MARTECH 2000 SPECIAL FEATURE 13 September 2000 iSif Ib|^B^h MHPHPViPH I EEBUb Thklli sinkssTimks SIIIITI.MiTIMKS15 words
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Advertisement21 2000-09-02 6 Grow Your CPF With eiBht Important Ai! applications tor units n eiaht most ce made c n application foims >I< i.s21 words
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SINGAPORE news
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639 2000-09-02 7 Kalpana Rashiwala, Andrea Tan - DC changes are not an exercise to artificially change the value of land By Kalpana Rashiwala, Andrea Tan DEVELOPMENT charges (DC) were not meant to make developers happy, National Development Minister Mah Bow Tan said yesterday. Responding to complaints639 words
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348 2000-09-02 7 Andrea Tan - By Andrea Tan SINGAPORE could see more 40 and 50storey residential blocks if people are comfortable living in them, National Development Minister Mah Bow Tan said yesterday. "I can't say if there'll be many more or how many more," Mr Mah said348 words
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Article, Illustration400 2000-09-02 7 Vivien Ng - By Vivien Ng CREATIVE co-founder Chay Kwong Soon yesterday launched an online shopping mall despite the dotcom crunch that has been striking startup companies. Mr Chay believes 2skymall.com is unique because shoppers won't have to pay for purchases in advance using their credit card. "One ofSIEW YAW HOONG - 400 words
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439 2000-09-02 7 Chai Kow Siong - 'Ml bag Chai Kow Siong I REFER to the article "Broking firms may set up lobby group" (BT, Aug 31). Apparently, local brokers, remisiers and broking firms do not understand the intent of the Monetary Authority of Singapore in liberalising the sector.439 words
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72 2000-09-02 7 Chia Kim Seng, Harry - Chia Kim Seng, Harry I REFER to the article "Broking firms may set up lobby group" (BT, Aug 31). The broking firms should explore the use of IT like email for some of the services that require documentation. This will reduce their cost72 words
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465 2000-09-02 7 Anna Teo - August index fell by 2.4 points from July level to 58.4 By Anna Teo IN the first signs of emerging business cost pressures, high import prices due to rising oil prices likely dampened the August purchasing managers' index (PMI). The index465 words
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487 2000-09-02 7 Parvathi Nayar - By] Parvathi Nayar ITS not just artists who need positive stroking, sometimes, their patrons need a little appreciation too. The annual Patron of the Arts Awards, instituted in 1983, do exactly that: recognise organisations and individuals for their contributions to Singapore arts.487 words
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Article463 2000-09-02 7 Anna Teo - Pon the economy outlook By Anna Teo EXPORTS and industrial production will likely show slower year-on-year growth in the second half of the year. But this will be more than offset by slower retained imports, says Nomura Singapore's Adrian Foster, who forecasts a robust463 words
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138 2000-09-02 7 THE Housing and Development Board yesterday launched the fifth bond issue under its $3 billion medium-term note programme that began in February last year. The $500 million issue of five-year bonds, which will be listed on the Singapore Exchange, carries a fixed-rate coupon of138 words
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Advertisement66 2000-09-02 7 We welcome letters. E-mail us at btletterQsph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in mind66 words
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e News
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384 2000-09-02 8 ARMONK, New York Seven centres will be set up to develop Linux products, alliances, research Bloomberg INTERNATIONAL Business Machines Corp, the world's largest computer-services company, said it will invest more than US$2OO million (***** million) in the next four years to speedBloomberg - 384 words
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Article, Illustration63 2000-09-02 8 [SAN FRANCISCO] Steve Jobs, CEO of Apple Computer, demonstrating Apple's next operating system, Mac OS X, while using the new Apple Cube computer during his keynote speech at the Seybold Seminars in San Francisco on Aug 29. Mr Jobs announced that a public beta version of Mac OSXAFP - 63 words
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e Briefs
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Article82 2000-09-02 8 AFP [HONGKONG] iTravel unit GoChlnaGo sakl yesterday it has made SO of its Hongkong staff redundant in the latest in a wave of layoffs amongst dotcoms. The company said it had to make the redundancies In order to focus on the China travel marketAFP - 82 words
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Article85 2000-09-02 8 Reuters [STAMFORD, Connecticut] Yahoo! Inc attracted 66 million global visitors in July, followed by America Online with 62 million and Microsoft with 50 million visitors, Nielsen/Net Ratings said on Thursday. The research firm measured usage in eight countries. Microsoft Network ranked as the top network ofReuters - 85 words
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59 2000-09-02 8 Bloomberg [TOKYO] Ripplewood Holding, a US investment Arm, and Andersen Consulting will Jointly start an electronic marketplace for buying and selling industrial materials in Japan. The two are working with Japanese manufacturers such as Nippon Steel Corp and Toshiba to offer materials such as tools, lightingBloomberg - 59 words
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Article46 2000-09-02 8 Reuters [HONGKONG] Internet portals developer e-Kong Group said on Thursday CMGI Inc's majority-owned Engage would buy the entire interest of its wholly-owned Internet marketing network company, Space Media Holdings. The Hongkong-based company did not disclose any financial details of the deal.—ReutersReuters - 46 words
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Article50 2000-09-02 8 Reuters [ZURICH] Troubled Swiss business software development house Comptet-e Holding win slash most of its 96 Jobs and refbcus itself as a pure sales and support frhatrwwn Hnnq ZingWy ywttarriny Tfco moves follow a bigger-than-expected flrst-halfloss of 9.7 million Swiss francs (519.6 million). ReutersReuters - 50 words
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Article, Illustration517 2000-09-02 8 LOS ANGELES Jakob made up news, e-mailed it to Internet Wire, causing Emulex stock to fall up to 62% AP A FORMER employee of an Internet press-release distributor was arrested by the FBI and accused Thursday of making U*****,000 (*****,000) by putting out a phony releaseAP; AFP - 517 words
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352 2000-09-02 8 REDMOND, Washington Software maker plans to nnveil free second test version of MSN Explorer next week Bloomberg MICROSOFT Corp said it will offer a new Web browser this year that highlights the company's sites and high-speed Internet access to compete better withBloomberg - 352 words
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250 2000-09-02 8 SEATTLE Bloomberg AMAZON.COM Inc, the biggest Internet retailer, said it revised its privacy policy and will be informing its 23 million customers of the changes via e-mail. The move comes amid concern by government regulators and consumer groups about protecting the privacy ofBloomberg - 250 words
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Article268 2000-09-02 8 LONDON FT CARREFOUR, Europe's biggest retailer, will reduce its planned Internet investment by as much as 40 per cent and pursue partnerships to further its online shopping ventures. Andre Bernard, Carrefour chairman, said the company needed to be "pragmatic" and "share the risks" rather thanFT - 268 words
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Advertisement808 2000-09-02 8 JL Asia Dekor Holdings Limited NOTICE Of ANNUAL GOetALMEEHNG NOTICE IS HEREBY GIVEN that (tie Annual General Meeting of Asia Dekor Holdings Limited ("the Company") wil be held at Orion Room 1 -4, Marina Mandarin, 6 Raffles Boulevard, Marina Square, Singapore *****4 on 26 September 2000 at 10.00 a.m. for808 words
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REGIONAL news
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Article, Illustration816 2000-09-02 9 Diana Oon Abdullah - Benchmark index plunges 3.6% amid foreign selling of bank shares From. Diana Oon Abdullah in Kuala Lumpur MALAYSIAN shares took a drubbing yesterday as the backlash from the merger of the country's financial institutions, following the clearing of a major hurdle in816 words
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Article383 2000-09-02 9 Eddie Toh - Some say central bank forced them to sign merger accords From, Eddie Toh in Kuala Lumpur SOME bankers have blasted the Malaysian central bank for using strong-arm tactics to force them to sign merger agreements to meet the first deadline on Thursday. Bank Negara's tough383 words
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367 2000-09-02 9 KUALA LUMPUR AFP MALAYSIA is targeting an annual economic growth rate of 7 per cent for the next decade to achieve its ambition of becoming a fully developed nation by 2020, Prime Minister Mahathir Mohamad says. Newspapers yesterday quoted him as sayingAFP - 367 words
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MARKET moves
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70 2000-09-02 9 Bloomberg LARGE capitalised stocks on the Kuala Lumpur Stock Exchange (KLSE) fell yesterday after earnings of some of these companies fell short of expectations. Telekom Malaysia Bhd lost 90 sen, or 8.3 per cent, to RM9.90, its lowest in eleven months. Telekom's earnings slumpedBloomberg - 70 words
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Article47 2000-09-02 9 Bloomberg SPRITZER Bhd, Malaysia's largest bottled water maker, rose 74 sen, or 44 per cent, as the stock made its debut on the KLSE yesterday. Some four million shares were traded, making the stock the third most active on the stock exchange. BloombergBloomberg - 47 words
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Article41 2000-09-02 9 Bloomberg TENAGA Nasional Bhd, the country's biggest power company, fell 40 sen, or 3.9 per cent, to RM 12.20. Executive chairman Ahmad Tajudin Ali's four-year term expired yesterday, without a replacement for the position. BloombergBloomberg - 41 words
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Article63 2000-09-02 9 Bloomberg MALAYSIA Mining Corp (MMC), a diamond miner and engineering group, rose 2 sen, or 0.9 per cent, to RM2.30 yesterday, its third day of gains after it agreed to sell a 19.9 per cent stake in Ashton Mining Ltd of Australia toBloomberg - 63 words
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404 2000-09-02 9 BANGKOK Reuters THAILAND reported a modest August inflation rate of 2.2 per cent year-on-year yesterday, in line with expectations, but said prices would rise faster later in the year. Data from the Thai commerce ministry showed August's headline consumer price index (CPI)Reuters - 404 words
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551 2000-09-02 9 KUALA LUMPUR But any improvement in credit ratings will depend on success in revamping companies, it says Bloomberg AFP MALAYSIA'S foreign currency credit rating outlook was raised to "positive" from "stable" by Standard Poor's yesterday, reflecting the country's strengthening economy. Malaysia's ratings, includingBloomberg; AFP - 551 words
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Article, Illustration54 2000-09-02 9 [BANGKOK] A Thai policeman standing next to a traffic police shelter designed in the shape of a police hat, Aug 31 on a street in the Thai capital. Such shelters are located along Bangkok's streets for policemen to observe traffic and create a friendly image of theAFP - 54 words
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369 2000-09-02 9 JAKARTA AFP INDONESIAN President Abdurrahman Wahid said yesterday that the corruption trial of former dictator Suharto must proceed. "In my opinion the court must continue the trial even if Suharto is not present to hear submissions of prosecutors and lawyers," theAFP - 369 words
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621 2000-09-02 10 HONGKONG S'pore loses spot in list of favourites, with 2% saying it is least liked over 3 and 12 months Reuters ASIAN fund managers are backing battered technology, media and telecommunications (TMT) stocks as the best performing equities in the finalReuters - 621 words
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Article, Illustration503 2000-09-02 10 JAKARTA Rnpiah's 7% gain made imports less expensive Bloomberg INDONESIA'S inflation rate slowed by more than half in August after July exports rose to a record, giving a lift to the country's fragile economic revival. Consumer prices increased 0.5 per cent in AugustBloomberg; REUTERS - 503 words
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358 2000-09-02 10 TAIPEI Taiwanese giant also denies chairman to visit China Reuters TAIWANESE petrochemical giant Formosa Plastics Corp yesterday dismissed a newspaper report that it plans to invest NT$4OO billion (5522.1 billion) in a petrochemical complex in China in defiance of a ban on such projects.Reuters - 358 words
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170 2000-09-02 10 Bloomberg [HONGKONG] Hongkong, battling its image as the home of fake Gucci handbags and phony Rolex watches, is righting a new scourge a counterfeit orchestra. Hongkong concertgoers who paid up to HKS24O (5552.92) a ticket to hear the Moscow Philharmonic Orchestra in a seriesBloomberg - 170 words
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Article, Illustration49 2000-09-02 10 [BEIJING] A woman yesterday walking past a billboard promoting Beijing's bid for the 2008 Olympic Games. Beijing was selected on Monday as one of five finalists in the running for the hosting of the games. The other cities are Paris, Istanbul, Osaka and Toronto. APAP - 49 words
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378 2000-09-02 10 SHANGHAI Reuters CHINA'S property market has emerged from a slump, with the country's economic recovery laying the foundation for a turnaround in the long-dormant sector, industry officials and analysts said. Skyscrapers and industrial parks from Shanghai to Beijing are seeing rents rise after yearsReuters - 378 words
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NOTE Book
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72 2000-09-02 10 Bloomberg [HONGKONG] The Hong Kong Association of Banks (HKAB) left benchmark short-term savings deposit rates unchanged at 4.75 per cent yesterday, indicating that Hongkong banks will probably hold their prime lending rates steady as well. HKAB meets every Friday to set interest ratesBloomberg - 72 words
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76 2000-09-02 10 AFX-Asia [SHANGHAI] The central government is trying to enable the China Securities Regulatory Commission to establish a second board stock market in October, a senior CSRC official said yesterday, according to the Guangdong-Hong Kong Information Daily. The report cited the official as saying theAFX-Asia - 76 words
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61 2000-09-02 10 Reuters [MANILA] Philippine exports fell 5.6 per cent in July fi-om the previous month, due to a 16.5 per cost drop in shipments of electronics, the National Statistics Office said yesterday. Exports totalled U553.22 billion (555.54 billion), down from US$3.4 billion in June butReuters - 61 words
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Page 9 Advertisements
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Advertisement218 2000-09-02 9 THE COMPANIES ACT (CHAPTER 50) SECTION 227 M ff NOTICE OF JUDICIAL MANAGERS 1 TO MEMBERS OF VAN OER HORST LIMITED Noma of Company Van der Hors» advertise your Compony No M I Under the Order (or judkiol monagement IWbli of the obovenomed company doted ike II ih day of218 words
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WORLD news
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Article, Illustration608 2000-09-02 11 LONDON Croickshank denies asking Deutsche Boerse to make a rescue bid The Daily Telegraph Reuters Bloomberg DON Cruickshank, chairman of the London Stock Exchange (LSE), on Thursday blamed anti-German feeling for many of the difficulties facing the deal to merge withThe Daily Telegraph; Reuters; Bloomberg - 608 words
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Article, Illustration405 2000-09-02 11 TOKYO ItH let selected brokers quote prices, operate auctionstyle price matching Reuters NASDAQ Japan said yesterday it plans to launch a share dealing system by the end of next year which will allow investors to trade stocks more easily, as itReuters; AFP FILE PHOTO - 405 words
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397 2000-09-02 11 LONDON Reuters BRITISH Telecommunications has put a brake on big deals as it attempts to reduce its debt mountain by at least £10 billion (Ss2s billion) through disposals and spinoffs, the Financial Times reported yesterday. The newspaper said BT's finance directorReuters - 397 words
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Article, Illustration485 2000-09-02 11 SYDNEY AFP AUSTRALIA'S richest man, Kerry Packer, defended his gambling habit yesterday, rejecting claims he lost US$2O million (5534.4 million) in a Las Vegas casino. In a rare interview, he told The Australian newspaper that reports of his supposed JulyAFP; AFP FILE PHOTO - 485 words
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409 2000-09-02 11 WASHINGTON It means Fed won't raise interest rates again Reuters Bloomberg THE US labour market softened in August and the unemployment rate edged up, the government said yesterday in a key report that was likely to provide some relief for theReuters; Bloomberg - 409 words
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333 2000-09-02 11 LONDON Reuters SINGAPORE Airlines appealed to the British government yesterday for the right to fly from London to the US. The airline's UK and Ireland manager, Vijendran Alfreds, said in a letter to the Financial Times consumers were being deniedReuters - 333 words
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264 2000-09-02 11 NEW DELHI Reuters BRITISH Airways, long expected to emerge as a serious suitor for Air India, has asked for details of the Indian flag carrier's privatisation in the first indication of its intentions. A BA spokeswoman said chairman Colin Marshall sought details ofReuters - 264 words
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Article, Illustration583 2000-09-02 12 DETROIT US probes more deaths linked to faulty tyres; Veneznela mulls charges Reuters A CRISIS over the recall of Firestone tyres on Ford Motor Co vehicles deepened on Thursday as a US regulator probed reports of more traffic deaths linked to faulty tyres andReuters; REUTERS - 583 words
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320 2000-09-02 12 CHICAGO CBOT says it will continue with its revamp strategy Bloomberg THE Chicago Board Options Exchange ended five months of merger talks with the Chicago Board of Trade without an agreement on combining the two largest US derivatives markets, CBOT chairman David Brennan saidBloomberg - 320 words
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384 2000-09-02 12 WASHINGTON Reuters Bloomberg ANTI-CORRUPTION watchdog Transparency International on Thursday called on the World Bank to step up its fight against the scourge and reconsider how much it lends to countries that do not accept anti-graft advice. "Misallocation of the benefits ofReuters; Bloomberg - 384 words
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Article243 2000-09-02 12 NEW YORK It engaged in unfair trade practices against Bristol Technology: court Reuters A FEDERAL court in th United States on Thursday ordered software giant Microsoft Corp to pay Bristol Technology Inc US$l million (551.72 million) in punitive damages for engaging in "wanton, reckless" andReuters - 243 words
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Article, Illustration77 2000-09-02 12 [LONDON] A July 30,1921, photo of ballerina Anna Pavlova, whose ashes will be returned to Russiapom the United Kingdom nearly seven decades after her death, the Itar- Toss news agency reported yesterday. The Russian-born dancer moved to London in 1912 and launched world tours from thereAFP FILE PHOTO - 77 words
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436 2000-09-02 12 WASHINGTON Reuters THE International Monetary Fund yesterday provided its first breakdown of where it gets the money it lends to member states. It said "available resources" had more than doubled from levels at the peak of the global financial crisis. New figuresReuters - 436 words
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440 2000-09-02 12 U NEW YORK FT Reuters THE world's largest accountancy firms are heading for another showdown with the Securities and Exchange Commission despite resolving many of their differences over self-regulation. The Public Oversight Board (POB), an independent regulator set up by the largestFT; Reuters - 440 words
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FINANCE & commodities
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343 2000-09-02 13 Chan Yet San - SGZ Derivatives TnMn&Reports ST Index/MSClS'pore Index Chan Yet San TIIK Singapore stock market regained some ground thanks in part to the rise in the US markets. The Straits Times Index rose 12.93 points or 0.6 per cent to end at 2,160.7 points.343 words
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298 2000-09-02 13 Chan Yet San - HSd Taiwan Index Chan Yet San WITH yet another big slump, it seems like there's no respite to the Taiwan stock market's crisis. The MSCI Taiwan Index fell by 9.42 points or 2.8 per cent to end at 327.52 points, its lowest level in298 words
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101 2000-09-02 13 ENERGY REPORT Reuters [LONDON] Resilient oil markets coasted comfortably near decade-highs yesterday despite signs that key exporter Saudi Arabia is ready to hike output to cool prices. Benchmark Brent crude for October was U5531.57 a barrel, 15 US cents off from Thursday's close but wellReuters - 101 words
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Article346 2000-09-02 13 Reuters Loo 4— THE euro early yesterday was pinned within one per cent of the record lows it set against the US dollar a day earlier amid lingering concerns that higher euro zone interest rates could harm euro zone economic growth. At the same time, there was marketReuters - 346 words
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Article, Illustration1234 2000-09-02 13 DVTERBAJfK CROSS &AT12S Sep I *1 CS two fft M m Mb Nt* Y» Won tMMZSNfctsPwa S5 Band $frWT$NW Hmt US$ Austral* 0.846 4.743 0445 4232 L262 4.475 26.266 47.640 04T1 6.344 2.180 L359 ***** 25.921 0.987 4.015 0.999 17.834 23.471 0295 0474 Canada l«3 5A32 0.783 1004 1492 5.2921,234 words
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Article1824 2000-09-02 13 SICOM FUTURES Sepl RUBBER (Mares dostaqis at UOpw) RSS1 CONTRACT(5 cwrtsAq) CIom VotaM Open Month HJqh Low Sett (ton—i) Interest Oct 00 115.00 Nov 00 116.75 OK 00 118.50 08.50 118.00 200 Jan/Mar 001 ***** RSS 3 CONTRACT (US cu*M) VotaM Opon Month Kkjli Low Sett (tonnes) Minst Oct 001,824 words
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STOCKS east asia
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Article, Illustration2840 2000-09-02 14 HONGKONG AFP PI Hang Seng +236J0 HONGKONG share prices closed 1.4 per cent higher yesterday led by selective buying of blue chips, dealers said. The key Hang Seng Index gained 236.10 points to close at 17,333.61 from a high of 17,391.01 onAFP - 2,840 words
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2022 2000-09-02 14 TOKYO AFP Nikkei 22S -12L48 SHARE prices in Tokyo gave up early gains to fall 0.7 per cent yesterday as foreign investors stayed on the sidelines ahead of a three-day weekend in New York, brokers said. The Tokyo Stock Exchange's key Nikkei 225AFP - 2,022 words
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Article, Illustration1055 2000-09-02 14 Reuters Q Shenzhen B Index -Ll3 CHINA'S hard currency B shares close down around their technical support levels yesterday and are likely to continue hovering around them early next week, traders said. The Shenzhen B Share Index fell 1.13 points or 0.95 per cent to 118.28, which is aroundReuters; Source: Credit Lyonnais Securities (Asia) Ltd - 1,055 words
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Article378 2000-09-02 14 AFP VP Index -19&92 TAIWAN share prices closed 2.6 per cent lower yesterday to this year's low on heavy selling of semiconductor and traditional industrial issues, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 196.92 points to 7,420.06, on turnover of NT$lOO.Ol billion. "Strong selling in theAFP - 378 words
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Page 14 Advertisements
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Advertisement11 2000-09-02 14 A master of cooking. Or one who just knows his carats.11 words
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STOCKS klse
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Article8324 2000-09-02 15 woustrmu Coosoomt protfacta 2000 LMt Vol D«V Not Cap urn. u» Cimp.ny wi <00 hh> t— pn um 420 3t0 Afinomoto MO -20 I 3SO 390 W.1 M19 158 62 toqtiu 64 1 43 64 62 94.4 670 290 Aoo4o Food Hta 456 -6 440 454 9.9 162.4 3725 27008,324 words
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Article, Illustration362 2000-09-02 15 AFP AFX-Asia Q Composite hAsz -28*82 MALAYSIAN shares plunged 3.6 per cent yesterday after foreign investors sold bank stocks, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 28.82 points to finish at 767.02, while the Second Board Index lost 3.68 points toAFP; AFX-Asia - 362 words
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Page 15 Advertisements
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Advertisement15 2000-09-02 15 Your weekly guide to pubs and lounges every Friday in The Hew Paper Fastads fUStcKsS15 words
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SGX clob & regional stocks
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Article2852 2000-09-02 16 BO HPS WARRANTS *ml N*1 JIM Lad M Mf MM Mta tier M» Mt>» Lot Mi •er- r«MI M» Jot Ba»ar M> Mm (otOTu to* Mm AM U0t 51.5 12.5 S Acma W0W724 12.5 -03 74 13 12J 12.5 13 13 41.0 1 300 177 9.04 10 38 4 s2,852 words
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Article285 2000-09-02 16 AFP Q Composite Index *157 THE Composite Index closed up 3.57 points or 0.5 per cent at 692.19. Volume stood at 197 million shares worth 1.3 trillion won. —AFP *■»< AnamSami W150 -50 Brain Tech «40 uneh CantraiBank *40 unch CheflCanwii *****0 2000 Da* Gu Bank 1*40 10 OaewnqCarpAFP - 285 words
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Article278 2000-09-02 16 AFP n Composite Index -7.87 PHILIPPINE shares inched down 0.5 per cent yesterday with investors taking profits after a four-day runup. The Philippine Stock Exchange Composite Index lost 7.87 points to close at 1,529.65. Turnover was thin at 366.77 million shares worth 811.96 million pesos. AFP Sapl N» *hAFP - 278 words
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Article267 2000-09-02 16 AFP QNZSE-40 -M 7 THE New Zealand share market fell nearly half a per cent yesterday led by market giant Telecom New Zealand. The NZSE-40 Capital Index closed down 9.67 points to end at 2,063.75 on total market turnover of NZ5178.84 million. Rises beat falls 61 to 44. AFPAFP - 267 words
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Article529 2000-09-02 16 AFP QADOrtiwia +3L7 AUSTRALIAN share prices rose one per cent yesterday with major blue chips leading the way following Thursday's tumble, brokers said. The All Ordinaries Index rose 31.7 points at 3,293.4, while the SP/ASX 200 rose 33.9 points to close at 3,331.7. Turnover totalled 555.58 million stocks worthAFP - 529 words
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Article, Illustration756 2000-09-02 16 AFP Q SET Index +2L90 THE Thai stock market rose 0.9 per cent yesterday as financial stocks were boosted by a decision to restructure commission fees and an upgrade, brokers said. The Stock Exchange of Thailand (SET) Composite Index gained 2.9 points to 310.73, while the SET 50 IndexAFP - 756 words
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Article, Illustration659 2000-09-02 16 AFP QOnpooteUnjiM INDONESIAN share prices closed 0.9 per cent higher yesterday amid buying in select blue chips led by Indah Kiat after the release of strong earnings results, dealer's said. The Jakarta Stock Exchange Composite Index closed up 4.04 points at 470.42 on volume of 652.3 million shares worthAFP - 659 words
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Page 16 Advertisements
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Advertisement28 2000-09-02 16 Is #v i f* c cj* w ~i a :^r* IE I pho essa Y a creative way to recruit the right talents. HieStrateTlmes I^JHIBHHB— 1 I 1800-741-188328 words
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Article6786 2000-09-02 17 SGX MADVBOARD Transaction date: Sep 1 Or Or N Wt u m i mmt V«l Day Last Ouata DOy Oh W NJ Cm *»4 Mlfh L4» ~i L m COOP) H0pl> L— ■oyor »«—r CV P/C *rt«4 JM ?t 5 1U 1M Ui iss ?m m IT S6,786 words
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Page 17 Advertisements
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Page 18 Advertisements
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Advertisement266 2000-09-02 18 Khazana Restaurants.Enjoy 30% discount. Applicable only on Fine Dining (Level II) Indian meals taste more delectable with my Diners Club Card Unul 15 2000 01,1554 4,66 Only if I pay with my Diners Club Card. "lunch" is the best for lunch and high tea rolled into one. Which means longer266 words
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Advertisement23 2000-09-02 18 r v l Myjb I hotel qramd comuu. umtted I 22 Orchard HoatVCavanagfi Road, Stogapora *****7 I Tat 737 W44E* ***** F®c*****78 I23 words
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Advertisement93 2000-09-02 18 i ITHE ORIGINAL RECIPEI 0 Crown Prince Hotel Mooncake 12 August -12 September 2000 Other retail outlets: Crown Prince Hotel 12 August 12 September Change Alley, Raffles Place 21 August 12 September Century Square, Tampines 25 August 12 September Hougang Mall, Hougang I September 10 September Junction 8, Bishan 193 words
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Advertisement41 2000-09-02 18 Vietnamese at Chatterbox Coffeehouse I -10 September 2000 A-la-carte and set menus are &jt, far lunch awl dinner daily. Set menu from $28.00♦ per set. II :30 am to 2:30 pm CHNNER: 6:30 pm to Io£opm Please call: 831 6291 Colf«*hon«* <!•»»41 words
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Page 18 Miscellaneous
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Miscellaneous799 2000-09-02 18 HOariMftflHHHßHHi Kold Blood. 630 Cerdik!. LO2 This Week In India, ann am viHc r<m»™i tk 12-00 MN What Went 7.00 Tahukah Anda?. 130 Corporate Watch. Wrong? (Variety). 730 Belaian Kasih. 230 Headline Graphics. BJO IX3O AM Tonight With Our- MO Berita xoi To 6.00 am: Real-time a no Hin.n AnHsvionrfc799 words
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Miscellaneous255 2000-09-02 18 CRYPTIC CROSSWORD ACROSS 3 Happy as cow after spring? 1 Conclusively, Ml seen as a bo- (*.3.4) nus (3,4,7) 4 Helping toy to work (6) 9 Leave shop more quickly (7) 5 Far-seeing pioneer? (8) 10 Artist may fool round on film (7) 6 Thus endlessly iH (3) 11 Timber255 words
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The Arts
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Article, Illustration1210 2000-09-02 19 PARVATHI NAYAR - The recent opening of 6 galleries in Mita building offers mutual benefits with the public having more access to art and the group of galleries gaining leverage. PARVATHINAYAR gleans views from some of the gallery owners PARVATHI NAYAR ANEW window to art opened two evenings ago, whenPHOTO BY SIEW YAW HOONG - 1,210 words
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Article, Illustration560 2000-09-02 20 COVER STORY SOOBIN Gallery ambitiously "opens" with two concurrent exhibitions. Su Xinping's Outer Appearance and Inner Mindscape shows his movement away from earlier depictions of Mongolia's open landscapes and culture. As the show reveals, the artist's later printwork and oils dating from the mid '90s marksALL PHOTOS BY SIEW YAW HOONG EXCEPT THAT OF CHUA SOO BIN - 560 words
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Article, Illustration792 2000-09-02 20 SUSAN TSANG - Potter Jessie Lim's subtle humour and solid technique are still evident in her latest exhibition but the pieces are no longer all functional SUBAK tsamg takes a look SUSAN TSANG EVEN with her fifth solo exhibition a few days away, Jessie Lim Is still busy with792 words
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Article, Illustration917 2000-09-02 21 PARVATHI NAYAR - Indian dancer Vani Ganapathy combines tradition in technique and innovation in presentation. PASTATBIMAYAR finds out more about her other roles in teaching dance, interior design and social work PARVATHI NAYAR CELEBRATED Indian dancer Vani Ganapathy describes herself as someone comfortable with dualities: a woman who believesPHOTOS BY CHRIS LOH - 917 words
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Article108 2000-09-02 21 THEY are women in Indian mythology, celebrated as heroines for their courage in feeing difficulties with inner strength. Four of these women are featured in epic of Rama, wbo had to live through hardships from scratching a living in the forest for some 13 ye«rs to fiaccibie AAhaVm108 words
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Article, Illustration1356 2000-09-02 21 Felicia Yap - By Felicia Yap WITH years of success and recognition undo* his belt the immaculately dressed artist speaks with justifiable pride, tempered by an unruffled demeanour and a certain child-like earnestness. Then again, Chua Mia Tee's cool self-assur-ance clearly distinguishes him from the crop of struggling newFILE PHOTO - 1,356 words
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Article1506 2000-09-02 22 M Yasotha - Compiled by M Yasotha MUSIC Singapore Symphony Orchestra Beethoven Piano Concerto Cycle/Life and Love: The Inextinguishable Conductor of the Albany Symphony Orchestra in New York State, David Alan Miller will bring life to two late Romantic masterpieces. The swashbuckling escapades of Don Juan as portrayed by Richard Strauss1,506 words
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Article, Illustration216 2000-09-02 22 Cheah Ui-Hoon - -By Cheah Ui-Hoon The buzz: What does It mean to play? What does It mean to play-play? Nine promising Bachelor of Pine Arts students interpret the concept through their artworks. Wot and players: Some people consider "playing" as diverting trivia but many foil to realise that playing in itself216 words
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Article, Illustration565 2000-09-02 22 CHEAH UI-HOON - staff show their works in an exhibition which will also debut in Europe. CHEAH UI-HOON reports CHEAH UI-HOON SITTING in an ivory tower may be the prevailing image of the academic but this certainly does not hold true for the lecturers at the Nanyang Academy of565 words
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Page 19 Advertisements
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Advertisement82 2000-09-02 19 J I £/I A $60 000 $200-$30.000 J 'good' I v t Gajah Gallery UW $50,000 I A| $500-$50.000 'very reasonable' j flpp r I Galerie Belvedere >0 $35,000 $800-$lO.OOO 'quite reasonable" i M A Orchard Gallery on $30,000 j $1.000 $40,000 'substantially cheaper L I than Orchard Road rentals'!82 words
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Advertisement6 2000-09-02 19 Opening exhibitions at AGA Galleries EL26 words
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Page 20 Advertisements
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Advertisement9 2000-09-02 20 AGA Galleries, ground floor, Mita building, 140 Hill Street9 words
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