The Business Times, 7 October 2000

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Microfilm: NL21968
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MfTA (P) 035/12/1999 65# SINGAPORE SATURDAY, OCTOBER 7, 2000 Internet: http://business-times.asial .com.sg/
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  • Article
    Lock icon MARKET SUMMARY
    68 1 Dsn MC2J7 (-32.04) QVKBI mM ***** (-12.88) ST INDEX FUTUSES VMM (42.00) SOISCI FDTUIES moo (-7.70) STOCK MAKKET INDICES Friday Change KLSE OOMP 709J6 +639 NIKKEI 225 15*94 M -106.02 HANG SENG dosed SET INDEX 217.68 1.83 JAKARTA COMP 422.9 -15 MANILA COMP —USW.00___-0.il WEI WPI +324.92 SEOUL
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  • Article
    Lock icon FINANCE
    72 1 FOREX BATES USI 8$ USS 1.748 £(USS/S$per£) 1.448 1530 EUBO(USt/SS/E) 0.872 1524 DM 2144 1.283 YEN 106j8 8120 RM 3.800 2.174 HKJ 7 796 4.459 BAHT 4237 2414 RUPIAH 8,7*4 8,031 FUME BATES 5.80 rnJAA LUMPUR 7.67 JAKARTA j$9.U0 BANGKOK 9JO MANILA 11.00 HONGKONG 8.50 TAIPEI 7.H4 SYDNEY .8.50
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  • Article
    Lock icon Plunge in S'pore forex volume looks headed for soft landing
    727 1  -  id exclusive Changing global forex trend is reshaping industry in Singapore Bu\ Siow Li Sen [SINGAPORE] The plunge in the volume of foreign exchange trading in Singapore by a sharp 40 per cent from the industry's peak in 1997 may
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  • Article
    Lock icon $410m payout from SPH in a record year
    697 1  -  Total dividend hits $1.50 a share as turnover crosses $lb By R Sivanithy [SINGAPORE] Media group Singapore Press Holdings, which yesterday reported a record turnover of $1.05 billion and a 21.8 per cent rise in profit to $397.5 million, had a nice
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  • Article
    Lock icon BT turns in 44% growth in ad revenues
    107 1 The Business Times had a banner year. Among all the newspapers SPH publishes, BT turned in the highest advertising revenue growth, with a 44 per cent rise its best-ever performance since its launch in 1976. It also recorded the best circulation growth.
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  • Article, Illustration
    Lock icon Nat Steel Elec shares dive on plant closure talk
    321 1  -  NEL denies rumours; analysts uneasy on outlook By David Boey [SINGAPORE] Rumours that a Nat Steel Electronics plant will close for three months because Apple Computer has cancelled orders sent NEL shares spiralling 24 cents to $3.66 yesterday a level not
    Source: Bloomberg  -  321 words
  • Article
    Lock icon DBS launches direct debit for online purchases
    504 1  -  d2pay starts with merchants, with op to 200 by year-end By I Serena Ng [SINGAPORE] DBS Bank yesterday became the first local bank to offer a system for customers to pay for goods and services on the Internet instead of using credit or
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      Lock icon Page 1 Advertisements Column 1
      96 1 IHMlffi Top Stories EOB pumps another $1 billion into life sciences. Next Pmgm Sing Tel need not pay tax on $2.36b compensation. Pg 3 Canary Riverside: Pidemco mulls over sale of stake. Pg 3 US jobless rate sinks to 30-year low of 3.9%. Pg 12 People Peter 800 has stepped
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      10 1 Corporate Tidbits: Command performance in a changing scene, Pg 3
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      Lock icon Page 1 Advertisements Column 3
      39 1 News Corp gtves to S top execs Pg Earthquake in Japan: /V i i\hjc H/ r 9 4 t > »Vjjr 'r Jrt y,:. > Jp -v Artists Abroad i lw Alt N. />.! t'A It Market hit by jitters, Pg 4
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    • Article
      Lock icon Govt forms second $1b life sciences fund
      580 2  -  Life Sciences Investment Fnnd will complement earlier R&D fond By' Vivien Ng [SINGAPORE] Life Sciences has been given another booster shot. The Economic Development Board is pumping in another $1 billion to set up a Life Sciences Investment Fund to boost the industry,
      580 words
    • ON THE grapevine
      • Article
        Lock icon Hanky-panky on his mind?
        114 2 j v INVESTMENT bankers work in a dog-eat-dog world, and it's getting worse with the never-ending round of mergers and acquisitions. One story recently heard goes like this: A banker was offered a ride by his friend who works for a rival bank. On arrival, the
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      • Article
        Lock icon A rare natural
        116 2 AT news conferences with "live" Web demonstrations, it's common to see company executives struggle to control the movement of their laptop mouse, which is sometimes a ball or a touch screen. So when DBS launched its new debit payment system for Internet shopping yesterday, the audience was
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      • Article
        Lock icon Property: Will it be good Q4?
        62 2 BT ran an online poll this week about the property sector's buoyant third quarter. The question was: The residential property sector seems to have had a good third quarter. The choices made were: Looks like the start of a property rebound 27% It won't
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    • Article
      Lock icon A boost for the disk drive industry
      947 2  -  COMMENTARY The Maxtor-Quantum merger will likely firm up prices and boost profits, says Jennifer Lien in Silicon Valley Jennifer Lien At a DISK DRIVE industry conference here last month, a speaker asked the audience of several hundred industry professionals: "Who's heard the rumour
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    • Article, Illustration
      Lock icon Staking out a place in cyberspace
      1089 2  -  Peter 800 has stepped down as MHE Holdings chief but he doesn't intend to stay a man of leisure for too long By Chuang Peck Ming [SINGAPORE] IT'S mid-morning on a Wednesday and the September heat is already growing unbearable. In a well-heeled neighbourhood
      CHRIS LOH  -  1,089 words
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  • SINGAPORE companies
    • Article
      Lock icon Canary Riverside: Pidemco mulls sale of stake
      676 3  -  It may also sell Finsbnry Pavement office block in London: sources By Kalpana Rashiwala PIDEMCO Land is considering selling its stake in a piece of vacant land under phases two and three of its Canary Riverside property in London for a handsome profit
      676 words
    • Article
      Lock icon SingTel need not pay tax on $2.36b compensation
      267 3  -  ky Marissa Chew SINGAPORE Telecom will not have to pay any income tax on the compensation paid by the Info-Communications Development Authority of Singapore for speeding up the liberalisation of the telecoms market. Sing Tel said in a statement yesterday that the
      267 words
    • Article
      Lock icon T+3 made Citye go 'ex' earlier here
      270 3 THE Singapore Exchange said yesterday that shares of City e-Solutions (Citye) had gone "ex" a day earlier in Singapore than Hongkong because the settlement period in Singapore is one day longer. "The reason why Singapore closed a day earlier than Hongkong is because
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    • Article, Illustration
      Lock icon Raffles Hldgs buys top LA hotel L'Ermitage for US$68m
      370 3  -  By] Marissa Chew RAFFLES Holdings Ltd has gained a foothold in the American market with its acquisition of the award-win-ning L'Ermitage Beverly Hills for US$6B million ($118.3 million). The Los Angeles hotel has been in operation since 1997 and was owned
      370 words
    • Article, Illustration
      Lock icon Command performance in a changing scene
      463 3  -  COBPORAIUHiIffigI tan suyen IT'S been a landmark year for media group Singapore Press Holdings (SPH), what with launching two new newspapers, Project Eyeball and Streats, listing its Internet subsidiary, SPH Asia One, and moving into broadcasting through SPH Media Works. So what would its
      ABDUL AZIZ HUSSIN/ST  -  463 words
    • Article, Illustration
      Lock icon Guess which stock bucked the trend last month?
      611 3  -  r sivanithy HERE'S a quick question for market watchers: We all know September was a pretty dismal month for stocks because of rising oil prices and Nasdaq volatility, but which local stock bucked the trend by rising almost every day and hit
      FILE PHOTO  -  611 words
    • Article, Illustration
      Lock icon Market still seized by electronics jitters
      505 4  -  SGZ Electronics Index sheds 12% in six sessions to touch a 11-month low of 137.32 By David Boey FEARS of more profit warnings from electronics majors in the United States continued to haunt the market, sending the 22-share SGX Electronics Index to a 11-month
      Source: Bloomberg  -  505 words
    • Article, Illustration
      Lock icon SIA confirms it's in talks with Tata for Air India stake
      375 4 Bloomberg SINGAPORE Airlines Ltd (SIA), Asia's ninth-largest carrier by passengers carried, said it's in talks with the Tata group of India to bid for a 40 per cent stake in national airline Air India. Ratan Tata, Tata Sons chairman,
      Bloomberg; REUTERS  -  375 words
    • Article
      Lock icon KepT&T in Aussie alliance
      60 4 Bloomberg [MELBOURNE] Davnet Ltd said it has formed an alliance with Harmony, a Singapore joint venture operated by Telstra Corp and Keppel Telecommunications Transportation to sell Internet and telecoms services. Melbourne-based Davnet, an Australian telecoms company, said its Singapore unit and Harmony would jointly sell and
      Bloomberg  -  60 words
    • COMPANYBriefs
      • Article
        Lock icon GRP to place out 9.2m shares
        135 4 INDUSTRIAL rubber Supplier GRP Ltd yesterday said it will raise $1.96 million in net proceeds from a share placement. GRP had signed a agreement with Ong Company to place out 9.2 million new shares at 22 cents each. The price of the shares is
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      • Article
        Lock icon MCL and Ho Bee get HUB Hougang land
        90 4 MCL Land and Ho Bee yesterday said they were awarded two land parcels at Hougang by the Housing and Development Board after emerging the top bidders Jp the tender exercisi. The two developers had joined fercaft to bid tor the two iftots
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      • Article
        Lock icon Islandwide in offer for Twinwood
        96 4 TWINWOOD Engineering said Islandwide Investment yesterday exercised the option to buy 060 millionnew shares in the company for $52.8 million cash, or 8 cents a share. The shares represent 75.1 per cent of Twin wood's enlarged capital Vickers Ballas Co, acting for Islandwide, said, in
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  • Article
    Lock icon BT SHARE information service
    4569 4 N«t Mm CPS LMT Hldgs Sep 19 I 0.777 1.166 0.39 0.79 Date TY LY TY LV L-Jacpbprg Sap 12 I 14.562 12.366 8.60 7.40 Cewwanv ann tsm) (>m> (cts) (cts) LiangHuat Sep 27 1.394 2-263 0.26 0.47 Links Island Sap 29 I 0.530 2.163 0.31
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      Lock icon Page 5 Advertisements Column 1
      1360 5 The Directors have pleasure announcing the audited results for the year ended August 31,2000. GROUP COMPANY jk p nr ,|x f 2000 1999 Qnnge 2000 1999 Change m Results $*000 $*000 $*000 $*000 I Turnover 1,052.747 844,798 24.6 995,324 795,942 23.2 Income from investments 16.4 14,113 15,885 11J Dividends from
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      476 6 Stocks Volume NaJEteclOc 17,776,000 •Olye-SoJn 12,872,000 Sea town 5c 9,719,000 STEngg 10c 6,126,000 PacificCenturylOc 5,387,000 SPHAsiaOne5c 5,144,000 Keppei LandSOc 4,895,000 Eastern Asia 4,678,000 Omni Ind 10c 4,666,000 WlngTai2Sc 3,829,000 Stocka _S NatElec 10c 66,211,726 DBSQrp 37,945,070 Chart Semiconductor 26c 29,871,944 SPH 27,007,100 SIA 24,068.335 VentureMtg25c 21 ,213,748 Oatacraft 10c 20,544,401
      476 words
    • Article, Illustration
      Lock icon STI falls 32 points—same see it as selling in despair
      540 6  - STI falls 32 points —same see it as selling in despair STOCKS r.sivanithy BROKERS were mystified by the sudden selldown in the local market yesterday, and for want of a better explanation put it down to "profit-taking due to a technical breakdown". As one institutional dealer said: "Foreign clients are
      540 words
    • Article, Illustration
      Lock icon New Toyo wrt: liquidity a snag but time is on its side
      209 6  -  WARRANT WATCH -By R Sivanithy THE $30 minimum brokerage fee has widely been criticised as a disincentive to small trades. This is because for trades below $4,000, $30 is more than what was paid previously. Since numerous warrants
      209 words
    • Article, Illustration
      Lock icon GES: present level seen as attractive
      248 6  -  HOT STOCK -By Serena Ng THE stock of computer maker and distributor GES International has slumped in recent trading and a recovery does not look close. It finished flat yesterday at $1.39 after hitting a year-low of $1.36 intra-day. A total of 2.2 million
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    • Article
      Lock icon Market Notices
      149 6 ♦CWT Distribution Ltd said that Bernard Chen has resigned from the board of directors with effect from Oct 1. Tay Beng Khim has resigned as secretary with effect from Sept 12,2000. A new secretary, Lye Siew Hong (Mrs Lynda Goh), has been appointed with effect from Sept 13,2000.
      149 words
    • Article, Illustration
      Lock icon Euro tumbles despite rate hike, A$ hits new low
      319 6  -  CURRENCIES larry wee A LARGELY unexpected 0.25 per cent hike in short-term euro interest rates overnight failed to boost the euro yesterday, and this translated into a new low for the Australian dollar, a weaker pound and New Zealand dollar. But
      Source: Reuters  -  319 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon HSBC to open its second branch in an HDB estate
      543 7  -  Move is part of its 'wealth management personal banking strategy' By Siow Li Sen HSBC plans to open a second branch in the heartlands, the domain of the five Singapore banks. In July, HSBC opened a branch in Bishan the
      CHRIS LOH  -  543 words
    • Article, Illustration
      Lock icon DBS Bank sees Q3 growth at 8-9%
      300 7  -  r=M 3 on the economy outlook -By. AnnaTeo ECONOMIC growth in the third quarter may again surprise on the upside, say DBS Bank economists, who venture a forecast of 8-9 per cent. A survey of some 30 economists last month by the Monetary
      Source: CEIC  -  300 words
    • Article, Illustration
      Lock icon Johns Hopkins drops hospital plan, settles for NUH ward
      444 7  -  By Vivien Ng TOP American medical institution Johns Hopkins has refocused its plans from a 2.7 hectare hospital site to a 10,000 sq ft ward in the National University Hospital. Explaining the change at a news conference yesterday before the opening
      ARTHUR LEE  -  444 words
    • Article
      Lock icon UOB revises year-end US$ forecast to S$1.76
      463 7  -  Also: S$ interest rates not likely to rise mnch, it says By] Larry Wee THE US dollar could end this year stronger than expected, thanks mainly to the fragile euro and untidy politics that will keep regional currencies depressed at least in the
      463 words
    • Article
      Lock icon Singapore Dance Theatre to perform in KL tomorrow
      284 7  -  It will be followed by SSO show at Petron&s Towers By Cheah Ui-Hoon CULTURAL ambassadors in the true sense of the word, the Singapore Dance Theatre (SDT) performs in Kuala Lumpur this weekend as part of an international dance festival, proving arts
      284 words
    • Article
      Lock icon Raffles Holdings wins Singapore marketing award
      174 7 RAFFLES Holdings yesterday beat Banyan Tree Hotels and Resorts and Mobile One (Asia) to clinch the Singapore Marketing Award 2000. CAD-IT Consultants (Asia) won the small and medium enterprises (SME) category for the second time. Raffles Holdings' award is for the open category. The
      174 words
    • Article
      Lock icon Time to scrap odd-lot market
      539 7  -  Tan Keng Soon I WOULD like to make two suggestions that will be helpful to the Singapore Exchange (SGX). The first concerns our odd-lot market. I think it is time for it to be scrapped. Trying to buy or sell in the odd-lot market is
      539 words
    • Article
      Lock icon Show house trade figures for greater transparency
      187 7  -  Denis Distant I REFER to the article "T+3 blamed for low SGX trading volume" (BT, Oct 6). A source was quoted saying: "House traders are responsible for most of the volume we see every day. Because they are day traders, they need to
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    • Article
      Lock icon Salaries up only for qualified accountants
      75 7  -  Kate Lovell, Robert Walters FURTHER to the article "Financial professionals' salary up 16%" (BT, Oct 4), we would like to clarify that while the information in the article is correct, the salaries quoted relate to years of experience after gaining a professional accounting qualification
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      Lock icon Page 7 Advertisements Column 1
      70 7 We welcome letters. j E-mail us at Dtiettene sph.com.9g or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road, l| Singapore*****s. We need your full name, address and telephone number, so we can verify it came from you. J| Please use temperate language,
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  • e-NEWS
    • Article
      Lock icon Dell stock hits two-year low after sales warning
      637 8 HARDWARE WOES Other top computer makers hurt in chain reaction Reuters [NEW YORK] Shares of Dell Computer Corp fell to their lowest point in two years on Thursday, pulling the rest of the computer maker sector with it a day after the
      Reuters  -  637 words
    • Article, Illustration
      Lock icon Don't blame Europe: analysts
      468 8 LONDON FT THE chorus of computer hardware makers blaming weak demand in Europe for their softening results is way off-key, according to analysts. In recent days, Dell and Intel have blamed the continent for warnings of lower-than-expected earnings. Dell warned that revenue growth for the year
      FT; Source: IDC; Source: Bloomberg  -  468 words
    • Article, Illustration
      Lock icon Surfing the Net on the waves of fragrance
      392 8 PARIS France Telecom to launch devices generating scents at simple command AFP AFTER sights and sounds, it may soon be scents that come wafting to you over the Internet, thanks to a startling innovation to be marketed by France Telecom next year.
      AFP; REUTERS  -  392 words
    • Article, Illustration
      Lock icon Priceline shares down 38%, hit by affiliate's shutdown
      478 8 FT [NEW YORK] Priceline.com's ability to extend its innovative "name your own price" business model beyond airline ticketing was called into question on Thursday when an affiliate run by its founder abruptly announced it would shut. Priceline's stock fell 38 per cent
      FT; AFP; Source: Bloomberg  -  478 words
    • Article, Illustration
      Lock icon Napster CEO refutes report and says its website is not for sale
      273 8 REDWOOD CITY, California Bloomberg NAPSTER Inc, a music-shar-ing website with millions of users, isn't for sale, its chief executive Hank Barry said in response to a report that he was trying to sell the closely held company. Inside.com
      Bloomberg; FILE PHOTO  -  273 words
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      241 9 f-' v l INDUSTRIAL PARK I|B I u P Heartiest Congratulations to Paya Übi Industrial Park for attaining T.O.P. We are happy to take this opportunity to offer our well wishes to the developer, Paya Übi Industrial Park Pte Ltd for its attainment of T.O.P for block 1. lIO£J Debenham
      241 words
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      Lock icon Page 9 Advertisements Column 2
      33 9 t PIP Marketing Pte Ltd 8 Lornie Road Singapore *****3 Tel: 344 2002 Fax: 466 5063 Schindler Lifts (Singapore) Pte Ltd 1 Kaki Bukit Place, Singapore *****9 Tel: 748 8611 Fax: 846 2212
      33 words
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  • REGIONAL news
    • Article
      Lock icon Gus Dur hardens stand against Suharto and family
      463 10 JAKARTA He says ex-president most face new trial, Tommy must go to prison for corruption AP INDONESIA'S reformist head of state hardened his stand against ex-dictator Suharto and his super-rich family yesterday, insisting that the former leader face a new trial and
      AP  -  463 words
    • Article, Illustration
      Lock icon US$2m for proof of Suharto graft
      142 10 JOGJAKARTA Oana-Antara FORMER president Suharto's step-brother, Probosutedjo, has offered a US$2 million (553.5 million) reward for whoever can find and prove the alleged illgotten wealth of the former strong man. "I will provide a reward of US$2 million and I challenge those who say
      Oana-Antara  -  142 words
    • Article
      Lock icon Suharto family may be down but certainly not out
      693 10 JAKARTA Despite its fading influence, it remains pervasive in Indonesia Bloomberg FORMER Indonesian president Suharto's children may have seen their fortunes turn for the worse in the past few weeks, but don't count them out quite yet, investors and analysts say.
      Bloomberg  -  693 words
    • Article
      Lock icon Indon move to delay bank sales disappointing, says IMF
      716 10 JAKARTA Official says it's at least a temporary setback to restructuring efforts Reuters AFX-Asia THE IMF, leading an international bailout of the damaged Indonesian economy, called the country's decision to delay key bank sales "extremely disappointing", saying yesterday that it breached
      Reuters; AFX-Asia  -  716 words
    • Article
      Lock icon Loy family to lose remaining stake in MBf Finance
      339 10  -  MBf Capital to sell its 22% interest to Danamodal for nominal sum From. Eddie Toh in Kuala Lumpur THE Loy family is set to lose total control of MBf Finance, the largest finance company in Malaysia. Listed MBf Capital, which is
      339 words
    • NOTEBook
      • Article
        Lock icon Rumours of Suharto's death denied
        87 10 Bernama [JAKARTA] Close aides of former Indonesian president Suharto yesterday were quick to dismiss rumours in the capital that he had died. Mr Suharto's private secretary Anton Tabah was quoted by an online news service as saying that the former president was quite welL Mr
        Bernama  -  87 words
      • Article
        Lock icon Indon military chief to keep job: minister
        70 10 Reuters [JAKARTA] Indonesia's defence minister yesterday dismissed rumours that armed forces chief Admiral Widodo, criticised for weak leadership of his wayward troops, was about to be sacked. But Mahfud MD hinted that the army chief, General Tyasno Sudarto, who effectively holds the second
        Reuters  -  70 words
      • Article
        Lock icon Vietnam launches a Silicon Valley
        60 10 AFP [HANOI] Work has started on a new software park in the commercial capital of Ho Chi Minh City which Vietnam hopes will become its Silicon Valley, municipal officials said yesterday. The city expects the 40 hectare park to employ 20,000 people by the end
        AFP  -  60 words
      • Article
        Lock icon Protesters disrupt Caltex Indon ops
        71 10 Reuters [JAKARTA] Protesters yesterday disrupted the Sumatran operations of PT Caltex Pacific Indonesia; tiie country's biggest oil contractor, and could cause an. output drop of barrels per day, a oonmSft\ official said. Dozens of jobless locals demanding work took over trucks at Caltex and were
        Reuters  -  71 words
      • Article
        Lock icon PNB receives 10b peso new capital
        62 10 Bloomberg [MANILA] Philippine National Bank received more than 10 billion pesos (***** million) of new funds, replenishing its capital and helping it avert seizure by the government. "We have confirmed that PNB has received over 10 billion pesos cash ihfusion from Lucio Tan and
        Bloomberg  -  62 words
    • Article, Illustration
      Lock icon Don't let car industry spat cloud true picture
      803 11  -  ASEAN VIEW ASEAN MEETING Afta can easily survive one bump on the road with the right Asean spirit yYang razali kassim ASEAN economic ministers have been meeting in Chiangmai this week for their annual talks, the third time since the 1997 regional
      803 words
    • Article, Illustration
      Lock icon Jakarta, KL reject Asean, Australia, NZfree trade plan
      607 11  -  Ministers agree instead on Closer Economic Partnership process From' Yang Razali Kassim in Chiangmai A PROPOSAL to form a free trade area between Asean and the Closer Economic Relations (CER) nations comprising Australia and New Zealand faced a wall of resistance from
      AFP  -  607 words
    • Article, Illustration
      Lock icon Taiwan stocks rise 5.4%, biggest gain in 7 months
      386 11 AFX-Asia [TAIPEI] The key stock index posted its biggest one-day gain in seven months as government funds bought Taiwan Semiconductor Manufacturing and other shares to shore up confidence following the resignation of the premier and finance minister this week, investors said.
      AFX-Asia; REUTERS  -  386 words
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      785 11 NOTICES To advertise call toll-free 1800-741 1883 Fax No 741 1298 IN THE MATTER OF THE COMPANIES ACT. CARSO AND IN THE MATTER OF LAPPEMAN EPIC DIAMONDS PTE LTD (In Members' Voluntary Liquidation l NOTICE OF FINAI MFFTINf; NOTICE IS HEREBY GIVEN thai pursuant to Section 308 of the Companies
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      Lock icon Page 11 Advertisements Column 2
      23 11 Kg&mmwmm M TODAY tH I lianhe Zaobao and joy of starting a business here Views from Taiwanese head of business association mmt&ik «Ssjr
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  • WORLD news
    • Article
      Lock icon Wall St fears slowing high-tech growth
      611 12 NEW YORK Intel, Apple woes seen as reality check that tech industry is cyclical LAT WITH the Nasdaq composite stock index down 18 per cent since Sept 1, investors wonder if they are seeing a second leg of the technologystock revaluation that began with
      LAT  -  611 words
    • Article, Illustration
      Lock icon Nikkei falls as strong quake hits western Japan
      563 12 TOKYO 28 iqjnred in quake measuring 7.3 on Richter scale Bloomberg Reuters JAPAN'S stock markets tumbled after Japan's strongest earthquake in five years shook broad swathes of western regions yesterday. There were no deaths. The earthquake, measuring 7.3 on the Richter scale,
      Bloomberg; Reuters; AP  -  563 words
    • Article
      Lock icon US jobless rate sinks to 30-year low of 3.9%
      367 12 WASHINGTON Data casts doubts on theory of softening job market Reuters THE US unemployment rate sank back to 30-year lows in September as employers added to their payrolls at a moderate rate, the government said yesterday, calling into question beliefs the
      Reuters  -  367 words
    • Article, Illustration
      Lock icon Russia throws weight behind anti-Milosevic forces
      490 12 AP Reuters RUSSIA yesterday joined the international outpouring of support for the forces that toppled Slobodan Milosevic, stripping the disgraced regime of its key backer and helping Yugoslavia's new leaders solidify their control. Mr Milosevic, whose 13year rule unravelled on Thursday after scores of
      AP; Reuters; AFP  -  490 words
    • Article
      Lock icon Daewoo Motor lenders to allow bids for separate units
      521 12 SEOUL Move may rekindle interest from GM, D&imlerChrysler Bloomberg DAEWOO Motor Co's lenders will allow the break-up of Korea's second-largest automaker to attract buyers after trying unsuccessfully for more than a year to sell the company as a whole. The heads
      Bloomberg  -  521 words
    • WORLDWatch
      • Article
        Lock icon Unilever to sell Elizabeth division?
        81 12 Reuters [LONDON] Consumer goods giant Unilever is in talks to sell most of its Elizabeth Arden cosmetics division. The Times said yesterday. Quoting no sources, the newspaper said that FFI Fragrances, a small US cosmetics firm, would pay around US$3OO million (*****.28 million) for the
        Reuters  -  81 words
      • Article
        Lock icon Granada buys 18% stake in Village
        64 12 Bloomberg [SYDNEY] Granada Media pic has acquired a 17.9 per cent stake in Village Roadshow Ltd, Australia's largest radio and cinema company, as part of its £1.75 billion (514.43 billion) purchase of Independent Television. London-based Granada, 82 per cent owned by Granada Group pic,
        Bloomberg  -  64 words
      • Article
        Lock icon Sands bids for Claridge Hotel
        97 12 Bloomberg [ATLANTIC CITY] Carl Icahn's Sands Hotel Casino made a bid for the bankrupt Claridge Hotel and Casino Corp, Sands said in a filing with the Securities and Exchange Commission. Sands said its parent company, GB Holdings Inc, offered 7.2 million of its closely held
        Bloomberg  -  97 words
    • Article
      Lock icon News Corp rewards 8 top execs with US$126m stock options
      475 13 Options worth USss2.7m go to president Peter Chernin as stock rises 78% in year Bloomberg AP [WASHINGTON] News Corp gave stock options worth US$l26 million (Ss22o million) to eight of its top executives last fiscal year. This included grants worth
      Bloomberg; AP  -  475 words
    • Article, Illustration
      Lock icon Lachlan Murdoch named deputy COO of News Corp
      637 13 PEOPLE Reuters HE already has a supermodel wife, a passion for risky sports and one of the most powerful media job* in the world. What will Lachlan Murdoch do after he turns 30? Part of that question was answered yesterday, when it
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      Lock icon Foreign policy raised in vice-presidential debate
      660 13  -  Both Lieberman and Cheney appear natural, relaxed From 1 Leon Hadar in Washington "MANY Americans would probably be asking themselves tonight why the two vice-presidential candidates are not the ones leading the Democratic and Republican presidential tickets." This was the way one political pundit
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      Lock icon NYSE lines up new tech-based trading products
      421 13 NEW YORK This is to meet threat from other trading systems Reuters THE New York Stock Exchange (NYSE) will introduce a new package of trading technology products, designed to offer different ways to carry out stock trades, by the middle of next year.
      Reuters  -  421 words
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  • FINANCE & commodities
    • Article
      Lock icon STI futures follow Nasdaq lower
      296 14  -  SGZ Derivatives TnMn&Report ST Xndeat/MS&S'pore Index Lau CheeKeong THE Singapore Straits Times Index lost ground yesterday following the slump on Nasdaq overnight. The technology sector was again the main loser. Investors also took profit on banking shares as they felt the gains by banking stocks
      296 words
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      Lock icon Fears of further state intervention lift futures
      238 14  -  MSCI Taiwan Index Lau Chee Keong TAIWAN stocks continued to make strong gains yesterday on the back of aggressive intervention by state funds. The swift Cabinet reshuffle boosted sentiment. Nasdaq, as expected, closed lower overnight on the profit warning by Dell Computer but
      238 words
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      Lock icon Oil regains some lost ground
      160 14 ENERGY REPORT Reuters [LONDON] Oil prices recovered some ground yesterday after big losses triggered by progress in the release of US emergency supplies aimed at easing winter supply shortages. Benchmark Brent blend crude was 23 cents higher at U5530.12 a barrel, weU above an average
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      Lock icon CURRENCY REPORT
      313 14 Reuters London THE euro yesterday bounced from its lowest levels against the US dollar since last month's concerted central bank intervention as the market remained jittery about prospects that monetary authorities could strike again soon. Disenchanted by the euro's inability to draw support from Thursday's surprise interest rate
      Reuters  -  313 words
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      Lock icon Untitled
      1278 14 DtTERBAMK CROSS RATES (M C$ »ml» Eiro Ffr Dm HKS Ind »s Nptah Yen Woo BM MZ$ Mih hio S$ »nd $fr MT$ MX Hmt ll$$ Australia 0.796 4.4M 0.610 4.002 1.193 4.145 24.519 46.762 0.579 6.200 2.021 1326 31.873 24.671 0.930 3J67 0.930 16.644 W? 0267 Oftg Canada L256
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      1864 14 8IC0M FUTURES Oct RUMCR (Mures closing as at U0p«) RSS1 CONTRACTS centsAq) Close Votame Open Month High Low Sott (towns) Interest Nov 00 117.50 OK 00 119.75 Jan 01 ***** 50 Feb 01 122.50 50 RSS 3 CONTRACT (US cntaflup Votame Opto Month High Low Sott (tomes) Interest Ho* 00
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  • STOCKS east asia
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      Lock icon TAIPEI
      366 15 AFP Hwpindn +324J8 TAIWAN share prices jumped 5.4 per cent yesterday on bargain-hunting led by government buying after the new Cabinet was sworn into office, dealers said. The Taiwan Stock Exchange Weighted Price Index rallied 324.02 points to 6,353.67, on turnover of NT597.4 billion. "Investors rushed to hunt for
      AFP  -  366 words
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      Lock icon Earthquake gives Tokyo investors jitters
      1976 15 TOKYO AFP Q Nikkei 225 -106.02 SHARE prices in Tokyo fell 0.7 per cent yesterday as investors dumped shares on concerns about the economic impact of an earthquake which struck one hour into the afternoon session, brokers said. The Tokyo Stock Exchange's Nikkei--225 Index lost
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      84 15 ♦The Hongkong, Shanghai and Shenzhen stock markets were closed yesterday BUY<* SELL* FIND** Classified ads make just about anything an easy sell. No matter what it is, you can always buy it, sell it or find it with the Classified TOLL FREE 1800-737-1166 EST Call Today For Results Tomorrow. 9
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  • STOCKS klse
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      Lock icon Late buying by funds boosts index
      411 16 AFP F1 Compositelndex +&39 MALAYSIAN shares closed 0.8 per cent higher yesterday as institutions bought blue chips towards the close, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended up 5.39 points at 709.55. The Second Board was up 0.38 of a point
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      7861 16 COMMNT profectl 2000 Lot Vol Day N«( Cap Low ClW»««y m -000 Mm> Lpw P/I 420 MO A»lnomoto 324 4 2 324 324 17.7 1313 156 47.5 Angkasa 49 unci) 1 49 49 72J 670 290 Apollo Food Mtg 420 9.1 168.0 3725 2700 BAT50C 3600 75 65 3600 3575
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      56 16 HOME IN ON HOU I f r P t unr Orient Un#% i Jni INVSSTM* NT POKTTOUO II J ml m IPO. Shares. Bonds. Stocks. Annual Reports. Whatever you're offering, we help you reach out to 86.7% of all adults In Singapore daily. The Straits Times The Business Times Lianhe
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  • SGX clob & regional stocks
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      2781 17 BONDS WARRANTS mb W Ml M Ciffcy U L" 4 UiU>Hi *tf M Cast (at Mk una W# lea Claim Sato CM*) N# U» M> Ma MM Mk Ma ImHnT UN 515 5 1 Acma ******4 5.5 -1.5 20 5.5 5.5 5 7 6 41.0 1 300 273 14.91 9
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      Lock icon SEOUL
      303 17 AFP fl Composite Index +106 SOUTH Korea's Composite Index closed up 2.06 points at 608.85. Volume was 367.2 million shares worth two trillion won.—AFP Oct* «M Anem Semi 7000 -240 Brain Tecft 745 -30 Central Bank 165 60 Chell Comm ***** -WOO Dm Ou Bank 2T50 -70 PaesangCorp *490
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      Lock icon MANILA
      281 17 AFP P Composite Index -Oil PHILIPPINE share prices closed little changed yesterday despite moves by the central bank to stop the peso's decline. The Philippine Composite Index ended down 0.11 point at 1,389.00. Turnover rose to 568.7 million shares worth 501.4 million pesos. —AFP art Hm *h fWW MRC
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      Lock icon WELLINGTON
      267 17 AFP QNZSE-40 +IM7 NEW Zealand shares climbed 0.9 per cent yesterday In a rebound from a 22-month low, dealers said. ABN Amro broker Nick Caughey said sentiment remained fragile. The NZSE-40 Capital Index closed up 16.47 points at 1,928.56 on turnover of NZ5107.6 million. —AFP ws m *h am
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      Lock icon SYDNEY
      556 17 AFP DllONißria -15JS AUSTRALIAN share prices fell 0.5 per cent yesterday as a slide in media giant News Corp dragged the whole market down, brokers said. The benchmark All Ordinaries Index fell 15.5 points to 3,244.8 while the SP/ASX 200 lost 17.8 points to 3,293.5. The All Industrials Index
      AFP  -  556 words
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      Lock icon BANGKOK
      726 17 AFP PI SET Index -LB3 THAI shares fell 0.7 per cent yesterday in light trading due to an absence of positive market news, dealers said. The Stock Exchange of Thailand (SET) Index edged down 1.83 points to close at 267.68 and the SET 50 Index fell 0.14 point to
      AFP  -  726 words
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      Lock icon JAKARTA
      644 17 AFP QComposztelndez -lJ INDONESIAN share prices closed 0.4 per cent lower yesterday on profit-taking with no fresh leads to spur interest, dealers said. The Jakarta Composite Index closed down 1.9 points at 422.0 on a volume of 470 million shares worth 236.6 billion rupiah. Trimegah Securities institutional dealer Imelda
      AFP  -  644 words
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  • Article
    Lock icon STOCKS sgx
    7179 18 SGXMAIMBOARD Transaction date: Oct 6 Ci—pny sS» rooo» tm 0 turn injST °««iiLr cw £3 mS MM—Will tS.s 7 imc ff 2 M 7 5 V 105.4 18.5 s Alia FppdtPrpp 245 unch 1122 25 24 24.5 25 Ml 71,1 2 64 24 > Brlpr1pyH210c_ 25 uM> 1523
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  • Page 19 Advertisements
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      60 19 r o j Q O 1 ■Ml HOTEL GRAND CENTRAL LIMITED I 22 Orchard Road/Cavenagh Road. Singapore *****7 I Tet 737 9944 6*t 400/02 Fa*; 733 3175 M over the others. b Advertise in Wine, Dine Entertain of The Business Times and reach out to 117,000 readers daily. Contact Patrick
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      20 19 > Wine, Dine Entertain of The Business limes I Contact Patrick Ang 740 1284 I or Amy Choo@ 740 1559 now.
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      84 19 i tX> r IL™*K -*<: Buffet Dinner: Bto 13 October W k^/W L .jTp- 7:00 pm to 10:00 pm i m\' f (last order) n 1 />-* 3< i 1 'fully booked on 8 October -W j-j j $46nett per person S4onett for Mandarin j Dine-Amies Members The Belvedere •i
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      852 19 iiw uugnicjj I ill iu j, vjaiui uuy fcwww f ;f ii I fiTTßTl————— Central 12,00 MN Beyond Belief. 7.00 Tekno-I. man. iwm am i/iHc fontrai- tvio AM Tonight WithGur- 730 Wanita Gaya: Batik LOO Headlines. I Bi.Bufshow Carmanita. Utt Star s Time Out with ooar Si if- I- 00
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    • Miscellaneous
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      290 19 CRYPTIC CROSSWORD ACROSS 5 Like some salad collected? 8 Anticipation that weed will ab- (4,2,1,8) sorb phosphorus (4) 6 Season weN (6) 9 Was obliged to recite poem (3) 7 Fortified house for prime minis--10 Bird's enormous victim (6) ter (4) 11 Dying for cigarette, having to 14 Flap as
      290 words
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  • The Arts
    • Article, Illustration
      Lock icon Untitled
      2017 20  - More Singapore artistes are packing their bags and heading abroad not to seek greener pastures, but as the country's cultural ambassadors, with blessings of bodies like NAC and STB. pabtaibi nay ah and tWTT! g ui-hoom talk to the roving troopers and their supporters CHEAH UI-HOON PARVATHI NAYAR WHILE container-loads
      2,017 words
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      Lock icon Anew movement in Indian dance
      309 21  -  By Aaron Lye CLASSICAL Indian dance ana rouer-sKates it sounds more like somebody's idea of a cute Joke, but it's not. As it is with all rules, there is always room for an exception in this case, dance and sport merge into a serious fusion
      309 words
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      Lock icon Fair appraisal
      1090 21  -  Art Singapore made a sparkling debut, and visitors, artists and gallery owners are already asking for a bigger and more prestigious affair in 2001. cheah ux-hoon and parvatbz natar report CHEAH UI-HOON, PARVATHI NAYAR BIGGER and more prestigious, that's what visitors, artists and gallery owners say the next
      ARTHURLEE  -  1,090 words
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      Lock icon On screen: a collection of bite-size films from UK
      505 21  -  By Aaron Lye WHAT'S short, curly and a fun way to spend the weekend? Judging from what Golden Village's Great World City cinemas are screening this weekend, British short films, apparently. Organised by the British Council and the Singapore Film Society
      505 words
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      Lock icon When Irish feet are tapping
      608 21  -  Riverdance has sparked new interest among Irish yonths in traditional dance and mnsic By Felicia Yap IT'S not, of course, the first Irish show to reach out to international audiences. But even as Riverdance continues to electrify millions across the globe with its distinctive brand
      608 words
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      Lock icon Cross-border Relations
      728 22  -  A Greek epic, Canadian choreographer and lighting director, an Indian dance form blend into a unique East-West fusion on stage, parvathi n&tar talks to the main players PARVATHI NAYAR EPICS the world over are strangely similar, in the way they look at the human condition through grand themes
      728 words
    • Article
      Lock icon THE PROGRAMME
      858 22  -  Compiled by M Ya ctha MUSIC Singapore Symphony Orchestra SSO Sounds of Asia Series China-born virtuoso Xu Ke plays the huqtn solo in the eminent Chinese-American Chen Yi's Fiddle Suit*, a newly composed work that blends Chinese traditional music with Western orchestral textures. Oct 7,8.15pm at Victoria Concert
      858 words
    • Article, Illustration
      Lock icon SPOTLIGHT
      291 22 The Buzz: Die .h iutw rn iivj is th< tn -i in ;i <it idnratioll;ll ;***** stininl n iii j talk- ur.Miiisi'd I»\ .i *_•.11 i• ■i v ,iikl .i mult i ilix iplinaiA ;h k< <• nt> tor ni>\ iiv- ind <"st.'ihlis|i)'<l «olliviuis alike The Plot and Players:
      291 words
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