The Business Times, 6 January 2001

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Total Pages: 22
1 22 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MITA (P) 028/12/2000 Internet: http://business-times.asial .com.sg/ SINGAPORE SATURDAY. JANUARY 6. 2001 s3SC
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  • Article
    Lock icon MARKET SUMMARY
    75 1 sn M74JB (+54.07) BT-SBI 82L89 (+23.71) ST INDEX FUTURES MW (+65.00) SHISCX FtJTOIES ***** (+9.60) STOCK MAJLKET INDICES Friday Change KLSE COMP ***** +6-31 NIKKEI 225 133S7.61 +176.12 HANG SENG 15,447.61 +21*68 SET INDEX 286.76 +8.91 JAKARTA COMP 418.82 +8J9 MANILA COMP __1,469.08 -6.03 TAIPEI WP1 5,295.53—+169.40 SEOUL
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  • Article
    Lock icon FINANCE
    73 1 FOBEX BATES US$ (S$ per US$) 1.735 £(US$/S$per£) 1.604 2.608 EURO(US$/S$/E) 0.956 1.657 DM 1048 1.180 YEN 1163 67.00 RM 3.800 2.191 HKS 7.800 4.496 BAHT 43.40 25.02 RUPIAH 9530 5,493 PRIME RATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK .9.50 MANILA 11.00 HONGKONG 8.50 TAIPEI 7.84 SYDNEY
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  • Article, Illustration
    Lock icon Week's top gainers – bank and tech stocks
    532 1  - Week's top gainers bank and tech stocks Opening week trading a sharp contrast to last year By. R Sivanithy [SINGAPORE] Last year, the key Straits Times Index soared 100 points on the opening day before losing twice that amount in the following three days. This year, the exact reverse has
    Source: Bloomberg  -  532 words
  • Article, Illustration
    Lock icon 2nd US rate cut in Jan likely despite jobs data: economists
    658 1  -  This despite latest jobs data being in line with forecasts; steady jobless figure From* Catherine Ong in New York A SECOND cut in US interest rates at the end of this month is still on the cards despite the
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  • Article
    Lock icon Baker & McKenzie in joint venture with Wong & Leow
    363 1  - Baker McKenzie in joint venture with Wong Leow l^fexousive It is eighth tie-up since liberalisation of legal sector By I Conrad Raj [SINGAPORE] Leading American law firm Baker McKenzie has formed a joint venture with its long-time associate Wong Leow, the eighth such joint venture since the government liberalised the
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      72 1 prangs BT Comment Reform of disclosure practices: say your piece now. Pg3 New Asia Biz Women a The healing powers movesn. Top Stories if m Polls show Thai Rak Thai party leading in Thai polls. Next Pago New challenges facing legal sector. Next Page ST Engg seen posting 37% profit
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      16 1 S'pore bank* arefund managers' top picks, Pg 3 Analysts caution against property stock rush, Pg 3
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      113 1 I.IIW. WP II» WJi him nan mi pi IM.H.U gj.ii.ui '<« 'Jim i Th 3 One -vT «l*j sajk Person Show: standing up for theatre m The Arts. Back Page The top 10 list of Y2K (it's not what you think) Motoring, Pg 10 I n I Ril §i liiunsuini
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      7 1 New challenges facing legal sector, Pg 2
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  • NEXT page
    • Article, Illustration
      Lock icon Thais cast votes today, opinion polls show Thai Rak Thai leading
      606 2  -  Chnan says he's confident of victory as Thaksin is tainted by indictment From: Harish Mehta in Bangkok WITH Thais going to the polls today against a background of political uncertainty, the parties of arch political opponents Thaksin Shinawatra and
      AP  -  606 words
    • Article, Illustration
      Lock icon New challenges facing legal sector
      767 2  -  One will come from technology and the other from the opening of sector to new players By Conrad Raj AS the new legal year opens today, the industry like the financial sector faces new chaUenges brought about by liberalisation and reforms. One key chaUenge is
      FILE PHOTO  -  767 words
    • Article
      Lock icon GDP growth forecast this year won't be revised: BG Lee
      352 2 Govt confident of achieving 5-7% projection made before 0.5% Fed rate cnt [SINGAPORE] Singapore is not revising its GDP growth forecast for this year on account of the US interest rate cut this week, Deputy Prime Minister Lee Hsien Loong
      352 words
    • ON THE grapevine
      • Article
        Lock icon Don't get fried
        110 2 HAVE you ever wondered if your microwave oven is leaking hazardous radiation? According to the Centre for Wireless Communications (CWC) of the National University of Singapore, all microwave ovens leak. Although the leakage is generally well below the safety limit in new ovens, it may increase to
        110 words
      • Article
        Lock icon Hot tip for marketers
        63 2 DON'T send fake grenades to impress potential customers. The San Jose Mercury News has reported the case of a Los Angeles law firm that sent a package of faux grenades actually paperweights—to assorted Silicon Valley firms this autumn. The packages triggered two bomb scares in Santa
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      • Article
        Lock icon More bullish forecasts
        158 2 IN this column yesterday, we featured Morgan Stanley chief strategist Byron Wein's 2001 market forecast, which was basically bullish for Old Economy stocks. Others are also thinking along the same lines. Says Marshall Acuff of Salomon Smith Barney: "It's back to fundamentals. I see a move back
        158 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon S'pore banks are fund managers' top picks
      791 3  -  Spotlight: banks and properties BT takes an in-depth look at key stocks in the two sectors The latter banking on M&As, non-core asset sales for 15% gain By Angela Tan SINGAPORE banks, though plagued by sluggish loans growth and keen rivalry, are among
      Source: Bloomberg  -  791 words
    • Article, Illustration
      Lock icon Analysts caution against rush to property stocks
      1038 3  -  By- Andrea Tan TREAD carefully when it comes to property stocks. After months of bad news, the US interest rate cut was a welcome booster to property stocks. But analysts are not rushing to recommend buys on most counters although valuations are undemanding.
      Source: Reuters  -  1,038 words
    • Article
      Lock icon Reform of disclosure practices: say your piece now
      880 3  -  iWiH locksiew paul thompson THE Disclosure and Accounting Standards Committee (DASC) appointed by the Ministry of Finance proposed last month a much-needed root-and-branch reform of the disclosure practices of local companies. The aim is to enhance disclosure so that investors can make
      880 words
    • Article
      Lock icon Wee denies he's quitting UOL, Haw Par posts
      211 5 Bloomberg WEE Cho Yaw, chairman of United Overseas Bank, Singapore's No 2 lender by assets, yesterday denied a report that he was giving up the helm at two of the bank's listed associates. Mr Wee, 72, responding to a The Straits Times
      Bloomberg  -  211 words
    • COMPANY Briefs
      • Article
        Lock icon PSA gets kudos from The Asset
        93 5 PSA Corp has won the "Best Debut Issuer" award from The Asset magazine in its 2001 Asset Asian Awards. PSA won for its US$5OO million (SsB66 million) five-year global debt issue and its Ss6oo million 10-year Singapore dollar issue. The Asset said the global
        93 words
      • Article
        Lock icon DBS and Ayala in Philippines venture
        47 5 DBS Group Holdings has incorporated a joint-venture company in the Philippines with Ayala Corp. The company's main activity will be investment holding. DBS has a 40 per cent stake in the company, comprising 40,000 common shares of 10 pesos each. —AFX-Asia
        47 words
      • Article
        Lock icon Franchise fee on aircraft servicing
        110 5 SIA Engineering Company (SIAEC) said yesterday the Civil Aviation Authority of Singapore will levy a franchise fee on designated aircraft servicing and apron handling services it performs at Changi. The fee, effective from this month, will be a percentage of the SIAEC's line maintenance revenue
        110 words
    • Article
      Lock icon Genemedix buys Shanghai bio-pharmaceutical facility
      428 5  -  Total investment in plant is £6.7 m; first of its products to be made there in HI '01 By Vince Chong GENEMEDIX pic, the British bio-generic pharmaceutical company listed on the Singapore and London bourses, announced yesterday the formal purchase of China's Shanghai Dongxin Biotechnology
      428 words
    • Article, Illustration
      Lock icon ST Engg seen posting 37-39% profit rise for 2000
      523 5 Bat analysts expect 2001 earnings growth to taper to 20% region Reuters DEFENCE engineering group Singapore Technologies Engineering is seen posting robust 37-39 per cent net profit growth for 2000 but the blistering pace will likely taper off this year, analysts
      Reuters; FILE PHOTO  -  523 words
    • Article
      Lock icon Aztech unit wins UK's Binatone deal
      104 5 AZUNO Manufacturing, a wholly owned subsidiary of listed Aztech Systems, has secured a manufacturing contract with Binatone Electronics International, Britain's second-largest digital enhanced cordless telephone (DECT) company. Under the contract worth an estimated Ss3o million this year Azuno will supply Binatone with advanced DECT
      104 words
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      488 4 Stocks Volume PacificCenturylOc 16,690,000 Chart Semiconductor 26c 14,712,000 PCI 25c 14,044,000 SingTel 15c 12,231,000 Omni Ind 10c 10,200,000 SGX1c 10,043,000 OUB DB eCW*****3 9,335,000 CapitaLand 8,869,000 Datacraft 10c 8,795,000 AddvalTech 2.5c 8,491,000 Stocks S DBSGrp 84,674,910 Datacraft 10c 77,496,875 Chart Semiconductor 26c 76,972,851 OCBC 75,139,085 SPH 43,029,575 SIA 33,137,115 SingTel
      488 words
    • Article, Illustration
      Lock icon STI up 54 after late surge as focus shifts to banks
      626 4  -  I :i I comment STOCKS r.sivanithy THE focus yesterday switched from technology to banks as the local market enjoyed followthrough momentum from Thursday's big rebound. Although activity was muted for most of the session ahead of the release of
      626 words
    • Article, Illustration
      Lock icon DB City Dev covered wrt: close to being fairly priced?
      186 4  -  WARRANT WATCH By R Sivanithy THE local market faces an odd situation. Company-issued warrants are floundering because of poor liquidity and lack of retail participation, while covered calls are dead in the water for similar reasons and also because valuations
      186 words
    • Article, Illustration
      Lock icon Keppel T&T rally may be short-lived
      230 4  -  HOTSTOCK By 1 Teh Hooi Ling KEPPEL Telecommunications and Transportation jumped 11 cents to $1.35 yesterday with 475,000 shares traded. This compares with its 10-day average of 203,000. TTie counter opened at $1.25 and closed at the day's high of $1.35. Despite the doubling
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    • Article
      Lock icon Market Notices
      130 4 WIZOFFICE.COM has appointed its executive director Raphael Tham Wai Mun as a non-independent member of the company's audit committee in place of Lin Sin Hoe with effect from Dec 15. ♦MEEBAN Plastic has changed its name to Meiban Group with effect from Dec 23. ♦GES International has appointed
      130 words
    • Article, Illustration
      Lock icon Yen hammered as markets re-assess Fed rate cut
      359 4  -  I-ii comment CURRENCIES larry wee TORN between hopes for a US soft landing and fears the worst may yet to come, currency players yesterday tempered the enthusiasm that followed the Fed's 0.5 per cent interest rate cut and decided the only sure
      Source: Reuters  -  359 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      37 4 January 5, 2001 SOLECTRON. Solectron Corporation Has Successfully Completed its Tender Offers for all the Shares and Bonds of Electronics Nat Steel Electronics Ltd The undersigned acted as exclusive financial advisor to Solectron Corporation S Merrill Lynch
      37 words
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  • Article
    Lock icon BT SHARE information service
    4483 5 Nat awn CP# LaaMPtal Sep 2? I 2.190 3384 MOW® oat* TY LY TT LV LHT HMqs Sap 19 I 0.777 1.188 039 aT9 Camnnv ann itnl (8m) (cts) (cts) L-JacobofQ Sap 12 I 14.582 ***** 8.60 7.40 com P*"Y 52=4 1—i-S—' Llln ,Hu«t Sap 27
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Property expected to finally recover this year
      550 6  -  ISEAS REGIONAL OUTLOOK FORUM But growth will not be enough to help pick np slack of other sectors Reportsrby Chuang Peck Ming THE property sector will finally recover this year but growth will not be enough to help pick up the slack as
      TAN SUAN ANN/ST  -  550 words
    • Article
      Lock icon S'pore, HK will outdo other regional equities this year: Jardine Fleming
      352 6 STOCKS in Singapore and Hongkong will outperform those in Malaysia, Indonesia, Thailand, and the Philippines this year but not for the reasons usually offered when comparing developed and developing markets, according to Jardine Fleming's regional strategist Daniel Fineman. They
      352 words
    • Article
      Lock icon PSB brings you the best from Europe
      189 6 SINGAPORE companies that aspire to be world-class will soon be able to learn from Europe's best. The Singapore Productivity and Standards Board (PSB) yesterday signed a memorandum of understanding with the European Centre for Total Quality Management (ECTQM) to promote the development and
      189 words
    • Article
      Lock icon STI futures investors put off by deposit, high value of contract
      682 6  -  li\rj l bag Narayana Narayana Singapore, via Internet I REFER to your article, "Interest in STI futures wanes in absence of retail players" by R Sivanithy (BT, Dec 14) and the editorial, "The way ahead for futures" (BT, Dec
      682 words
    • Article, Illustration
      Lock icon Japan is back on course, wagers economist
      434 6 Head of research outfit refutes recession forecasts JAPAN is not slipping back into a recession. Analysts have got their forecasts wrong and they are wrong again, according to Tokyobased economist Richard Werner. Not only is the Japanese economy, which has been moribund for
      434 words
    • Article, Illustration
      Lock icon Terms of trade continues to worsen
      295 6  -  the economy terms of trade By Marissa Chew SINGAPORE'S terms of trade continued to worsen in November, as import prices climbed faster than export prices. Figures from the Department of Statistics show the import price index rose 8.1 per cent year on year, from
      Source: Dept of Statistics  -  295 words
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      Lock icon Page 6 Advertisements Column 1
      119 6 Since 1975 our worldwide staff of over 275 multi-disciplined professionals W <« including lawyers, chartered accountants. i V chartered secretaries and bankers have J k provided confidential and cost effective company formation in all the major low taX ar6aS nC Ud n^: Incorporation Fees from USSSOO Th© world's professional J'ter
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      Lock icon Page 6 Advertisements Column 2
      68 6 We welcome letters. E-mail us at btletter@ sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim 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
      68 words
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  • REGIONAL news
    • Article
      Lock icon HK follows Fed's lead with half-point interest rate cut
      436 7  -  US seen trimming rates by a total of one point this year From Quak Hiang Whai in Hongkong HONGKONG, whose currency is pegged to the US dollar, yesterday followed in the Federal Reserve Board's footsteps, cutting interest rates by the same
      436 words
    • Article, Illustration
      Lock icon US slowdown could cut both ways for Thailand
      763 7  -  slowdown US is biggest export market but weak US$ would have positive effect on external debt repayment situation of Thai firms, reports HARM MEHTA HARISH MEHTA AUS economic slowdown would cut both ways, causing American trade and investment in Thailand to plunge
      FILE PHOTO  -  763 words
    • Article
      Lock icon KL urged to halt opening of power sector
      286 7 KUALA LUMPUR Bloomberg TENAGA Nasional Bhd, Malaysia's biggest power utility, asked the government not to push ahead with the opening of the power industry because the plan won't encourage investment in new power plants. "We would like the government not to rush
      Bloomberg  -  286 words
    • Article
      Lock icon Philippine central bank cuts rates by 50 basis points
      248 7 MANILA Bloomberg THE Philippine central bank said it will cut overnight interest rates by half a percentage point after the US Federal Reserve reduced its benchmark interest rate by that amount. Amando Tetangco, deputy governor of the Bangko Sentral ng Pilipinas,
      Bloomberg  -  248 words
    • Article
      Lock icon KL to name MAS chief before end of month
      230 7 KUALA LUMPUR AFP THE government will appoint a new chairman for debt-rid-den Malaysia Airlines (MAS) before deciding on bringing in a foreign shareholder, officials said yesterday. Since taking over control of the flag carrier last month, the government has identified six
      AFP  -  230 words
    • Article, Illustration
      Lock icon Ho Chi Mirth—the reluctant communist
      1075 7  - Ho Chi Mirth —the reluctant communist WRITER'S JOURNAL Recent biography of Vietnamese political icon provides a telling Insight Into his life karim raslan GOOD political history, the kind of writing that gives an understanding of a nation's public life and its governance, demands scholarship and is a joy to read.
      1,075 words
    • Article
      Lock icon Telekom sets up HK unit
      132 7 Reuters, AFX-Asia [KUALA LUMPUR] Malaysia's national phone company Telekom Malaysia said yesterday it has set up a wholly-owned subsidiary in Hongkong to seek a slice of Hongkong's telecommunications market. It gave no specific plans except to say that the move would help allow Telekom provide
      Reuters,; AFX-Asia  -  132 words
    • Article
      Lock icon IMF board seeks to raise China's quota
      357 8 WASHINGTON Hove to reflect its sovereignty over HE; it will make China Bth largest shareholder with 3% vote Reuters THE International Monetary Fund (IMF) said on Thursday its executive board has proposed increasing China's quota at the Washington-based lender to reflect its resumed
      Reuters  -  357 words
    • Article
      Lock icon IFC, three foreign insurers to invest in New China Life
      426 8 SHANGHAI First-ever foreign investment in a Chinese life insurer Bloomberg ZURICH Insurance Co, the World Bank and two other insurers plan to invest US$lOO million (Ssl73 million) in New China Life Insurance Co as the country lowers foreign investment barriers
      Bloomberg  -  426 words
    • Article, Illustration
      Lock icon Good quarterly results expected at Indian software firms
      457 8 Robust profits due to higher billing rates, e-com revenues Reuters [BANGALORE, India] Indian software blue chip companies are expected to report another strong set of quarterly earnings driven by higher billing rates and surging e-commerce revenues, according to a Reuters poll of
      Reuters; REUTERS  -  457 words
    • Article
      Lock icon Indon govt wants to sell Indocement shares at 1,900 rupiah each
      296 8 JAKARTA Reuters THE Indonesian government yesterday said it wanted to sell part of its shares in cement maker PT Indocement Tunggal Prakarsa to German cement giant Heidelberger Zement AG at 1,900 rupiah (550.34) per share. Heidelberger is taking over
      Reuters  -  296 words
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      47 7 e-Servi^Ar^^^for Enabling Interactive Netvwifci^ using Award Winning Technology l-nets™ Q n| We help you to build portals by using fad and demonstrate their products and services worldwide. I^S| 152 Übi Ave 4 #03-00, Armor Coat Technologies Building, Singapore *****6. Tel: (65) *****26 Fax: (65) *****27 URL: www.ei-nets.com
      47 words
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      Lock icon Page 8 Advertisements Column 1
      1076 8 TRI-M TECHNOLOGIES (S) LIMITED Announcement The Board of Directors of Tri-M Technologies (S) Limited wishes to announce the following unaudited results for the 6 months ended 30 September 2000. Group Company 2000 1999 Change 2000 1999 Change SS'OOO SS'OOO SS'OOO SS'OOO 1.(a) Turnover 24,804 11,373 118 36,436 17,623 107 (b)
      1,076 words
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  • WORLD news
    • Article, Illustration
      Lock icon Bush may speed up tax cut moves
      733 9 AUSTIN, Texas He cites short-term economic concerns; bnt remains optimistic on long-term scenario LATWP PRESIDENT-ELECT George W Bush said on Thursday that short-term economic worries may cause him to speed up his tax cut, and he opened himself to negotiating a US$l.6 trillion
      LATWP; REUTERS  -  733 words
    • Article
      Lock icon Wall Street 'watchdog' is no stranger to industry
      473 9 WASHINGTON Nominee to chair Honse financial services panel knows the ropes Bloomberg THE new chairman of a House committee overseeing Wall Street, banks and insurance firms is no stranger to the industry. Representative Michael Oxley worked on Bills to deregulate banks and
      Bloomberg  -  473 words
    • Article
      Lock icon Belgian judge protects L&H from creditors
      285 9 lEPER, Belgium Reuters A BELGIAN court granted a second request for creditor protection yesterday to debtladen speech technology firm Lernout Hauspie(L&H). Judge Michel Handschoewerker said in the Commercial Court in leper, home to L&H's European headquarters, that the protection would last for an initial
      Reuters  -  285 words
    • Article, Illustration
      Lock icon Japanese corporates predict modest growth
      495 9 TOKYO But weak Tokyo stocks and US, Asian economies are a concern AFP, Reuters, Bloomberg JAPANESE business leaders yesterday forecast their economy was on track for modest growth this year but voiced concerns over sluggish Tokyo stocks and the US and Asian economies. "I hope
      AFP,; Reuters,; Bloomberg; AP  -  495 words
    • Article
      Lock icon Berardino poised to become Arthur Andersen CEO
      315 9 CHICAGO Bloomberg ARTHUR Andersen LLP's North American audit chief Joseph F Berardino is likely to be named chief executive of the fifth-largest US accounting firm next week, said people familiar with the company's plans. He will succeed Jim Wadia, who resigned last August
      Bloomberg  -  315 words
    • WORLD Watch
      • Article
        Lock icon Confidence up in euro zone
        132 9 Bloomberg [BRUSSELS] Confidence among executives and consumers in the euro region rose unexpectedly in December for the first time in at least five months, underpinned by falling unemployment and a drop in oil prices. A European Commission index, based on a survey 0f25,000 consumers and
        Bloomberg  -  132 words
      • Article
        Lock icon Key Deutsche Bank officer dies
        117 9 Bloomberg [HONGKONG] Heinz Poehlsen, Deutsche Bank AG's head of chief country officers in Asia, died of heart failure in Jakarta, the bank said. Mr Poehlsen, 51, worked with Deutsche Bank for 29 years in Bombay, Kuala Lumpur and Jakarta. He has been a "key figure"
        Bloomberg  -  117 words
      • Article
        Lock icon US bank sees light on ATM lawsuit
        89 9 Bloomberg [PITTSBURGH! PNC Financial Services Group reached a tentative settlement with two blind customers who sued the banking company seeking a way to access automated teller machines independently. PNC Financial Services Group, Pennsylvania's largest bank, agreed to test a system in which employees
        Bloomberg  -  89 words
      • Article
        Lock icon Slower year-end for De Beers
        122 9 Reuters [JOHANNESBURG] World diamond giant De Beers said yesterday that growth in US retail diamond sales over the Christmas and New Year period was slower than bumper sales over the millennium change season of 1999-2000. "It's fair to say that there was a slowing down
        Reuters  -  122 words
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  • MOTORING
    • Article, Illustration
      Lock icon 10 of the best
      2135 10  -  A bewildering array of new models, with 25 launched in the last quarter alone, gave Singaporeans a good variety to choose from last year, says CHRISTOPHER TAN CHRISTOPHER TAN YEAR 2000 was not a very good one for the automotive world. Daewoo went bust, Firestone suffered
      2,135 words
    • Article, Illustration
      Lock icon Not your average poser
      970 11  -  The ZB, BMW's most expensive production car, is a highly desirable mix of beauty and brawn which will leave jaws dropping all along the road, says RINGOCHONG RINGO CHONG The writer is a professional race car driver and chief instructor at BMW's Driver Training programme I
      BIG FISH PUBLISHING  -  970 words
    • Article, Illustration
      Lock icon BMWs Z8 a blast from the past
      1082 11 Model is based on the BMW 507 designed by Albrecht Graf von Goertz and presented to the world in New York in 1955 FT "RETRO" is a dirty word to car designers. Clothes designers, furniture designers, those responsible for jewellery, shoes, even hairstyles,
      FT  -  1,082 words
    • Article
      Lock icon Collectors of SEX
      64 11  -  Kenneth Chew, Singapore I REFER to your article "SEX car plates on S'pore roads soon?" (BT, Dec 27). The SEX series is a potential collector's item. Many motorists will like it, I'm sure. The authorities should let the SEX series run as it is. Those who are
      64 words
    • Article
      Lock icon LTA should step in
      102 11  -  Lee Yu Ming, Singapore I REFER to the letter, "Any Internet database for 'silent recalls'?" (Motoring, Dec 9). I feel the Land Transport Authority, as the ruling authority on road safety and function, should step in to protect consumers. The manufacturers and agents are profit-driven. Product
      102 words
    • BUMPER to BUMPER
      • Article
        Lock icon Flyover at Braddell-Bishan junction
        79 11 THE Land Transport Authority (LTA) will be building a flyover at the junction of Braddell Road and Bishan Road. It has awarded a $21.7 million contract to Wee Poh Construction for the job which will commence this month. The 340-metre flyover is due to be completed
        79 words
      • Article
        Lock icon 24-hour-help for new Volvo owners
        69 11 VOLVO car owners are now assured of round-the-clock assistance. In a tie-up between the Automobile Association of Singapore (AAS) and Volvo distributor S M Motors the first such co-operation here—the Volvo-on-Call Affinity membership offers a dedicated 24-hour hotline manned by AAS. The service is available
        69 words
      • Article
        Lock icon Bleak days tipped for US car makers
        134 11 VEHICLE makers in the US face a deep and prolonged downturn, according to automotive intelligence firm Autopolis. It expects demand to drop 10 per cent this year and another 8.5 per cent next year, although "with the chances of a hard landing growing,
        134 words
      • Article
        Lock icon Sales at Rover 'above target'
        98 11 THE MG Rover Group sold more than 200,000 cars last year, with more than 50 per cent of them in the British home market. Chief executive Kevin Howe said: "We have stated consistently that around 200,000 sales is our business plan target for the new
        98 words
      • Article, Illustration
        Lock icon MG car for Le Mans race
        101 11 THIS is the first official drawing of the MG Le Mans car that will compete in the June race. Designed by Peter Stevens and developed with Lola Cars International, a state-of-the art wind tunnel was used to finalise the car's design characteristics. Lola is
        101 words
      • Article
        Lock icon Porsche's R&D chief to retire
        83 11  -  Compiled by Christopher Tan PORSCHE research and development head Horst Marchart is retiring in March after 40 years with the company. The 62-year-old will hand over to Wolfgang Durheimer, 43, who joined Porsche in 1999 after being with BMW's motorcycle division. Mr Marchart has been
        83 words
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      72 11 Wheel m y- IP* 13 with Christopher Tan BT MOTORING welcomes feedback, suggestions and other forms of correspondence from readers, wheel matters is also an advice column, with technical queries being answered by experts at the AUTOMOBILE ASSOCIATION OF Singapore and policy questions tackled by the lta. You can fax
      72 words
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  • e-NEWS
    • Article
      Lock icon Over 200 major dotcoms went bust in 2000
      450 12  -  Of those that hit the wall last year, almost 60 per cent were forced to close in the fourth quarter Front, Jennifer Lien in Silicon Valley THE fourth quarter of last year saw 121 major Internet firms go to the mortuary worldwide,
      450 words
    • Article
      Lock icon US retail PC sales down 24% in December
      445 12  -  Value-wise, drop is 30% to USsBssm; PC makers in price war From* Jennifer Lien in Silicon Valley DECEMBER 2000 has turned out to be a bleak holiday season for PC makers, with latest data showing US retail PC sales in units plunging
      445 words
    • Article, Illustration
      Lock icon CyberWorks ups rates for US$4.7b loan
      463 12  -  70-80% hikes in margins follow cool response from banks From Audrey Tan in Hongkong BANKERS holding out for better rates have forced Richard Li's Pacific Century CyberWorks to agree to higher interest margins on the US$4.7 billion (SsB.2 billion) refinancing loan it is seeking.
      AFP  -  463 words
    • Article
      Lock icon HK govt engages consultants for HK$50m on 3G licence
      438 12  -  From Quak Hiang Whai in Hongkong THE Hongkong government will pay consultants HK$5O million (Ssll million) to help think of ways to issue third-genera-tion (3G) mobile phone licences and to regulate the 3G telecom players. In an announcement last night, the
      438 words
    • Article
      Lock icon News Corp to cut costs by merging digital media unit and Fox TV
      337 12 SYDNEY Reuters RUPERT Murdoch's News Corp Ltd said yesterday that it planned to consolidate its digital media unit in the United States with Fox television, leading to "significant cost savings". An industry source close to News Corp,
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      Lock icon Loss of 100m guilders for Philips as patents expire
      239 12 Bloomberg [AMSTERDAM] Royal Philips Electronics NV, Europe's largest consumer-electronics maker, said it will stop receiving about 100 million guilders (Ss74 million) in annual proceeds when some of its compact disc patents expire in Asia and Europe this summer. "Because of rising
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      325 12 r IN THE MATTER OF THE 1 COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF YONCS HUA DEVELOPMENT PTE LTD (Incorporated in the Republic of Singapore) (IN LIQUIDATION) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the Members of YONG HUA DEVELOPMENT PTE LTD duly convened and
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      150 12 IN THE MATTER OF THE BUSINESS REGISTRATION ACT, CAP. 32 AND IN THE MATTER OF LOH NAM KHEONG PAINT FACTORY DISSOLUTION OF PARTNERSHIP NOTICE IS HEREBY GIVEN that the abovenamed partnership had on the 19th day of February 1998 been dissolved by Order of Court and that Messrs Lo Hock
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      294 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LE SAUNDA PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTION (Pursuant to Section 290(2)(b) At an Extraordinary General Meeting of the abovenamed Company duly convened and held on 30th December 2000 the
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  • FINANCE & commodities
    • Article
      Lock icon Strong foreign buying lifts futures
      288 13  -  SGZ Derivatives Tndtngßeport ST Index/MSCI STpore Index Lau Chee Keong Refco Singapore THE Singapore stock market continued to surge yesterday after another surprise rate cut by the US Federal Reserve on Thursday. Interest rate sensitive financial shares helped lead the market higher. The benchmark Straits
      288 words
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      Lock icon Futures surge on stop-loss buying
      247 13  -  MS& Taiwan Index Lau Chee Keong Refco Singapore THE Taiwan stock market extended its rally yesterday as the technology sector surged after another surprise rate cut by the US Federal Reserve on Thursday after the closure of US markets. The MSCI Taiwan index gained 7.65
      247 words
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      Lock icon Oil prices hold firm near 2-week highs
      157 13 ENERGY REPORT Reuters [LONDON] Oil prices held firm near two-week highs yesterday on increasing market confidence that the Organisation of the Petroleum Exporting Countries (Opec) producers' cartel will adopt production curbs later this month to avoid oversupply when winter demand tails off. North
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      Lock icon CURRENCY REPORT
      355 13 Reuters London THE euro rose to six-month highs against the dollar and 10-month highs against the yen yesterday, backed by a growing perception that the economic outlook in the euro zone was brighter than in Japan or the US. But heavy losses which the yen suffered against the
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      3092 13 ntTERBAMK CROSS RATES A$ C$ Bfl» Euro Ffr Pwi HK$ tnd 8s *t*Uk Yen Wow iM NZ$ Nk Its N«o S$ End Sfr MT$ 8aht Hmt ff Australia 0.857 4.733 0.597 3.916 1.168 4.448 26.645 54.345 0.663 7.211 2.167 1.266 33.702 29.083 0.989 4.265 0.914 18.747 24.751 0.379 0.570 Canada
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  • STOCKS east asia
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      Lock icon Hang Seng Index moves up on follow-through buying
      2889 14 HONGKONG AFP, Bloomberg Hang Seng +***** HONGKONG share prices rose 1.4 per cent yesterday on follow-through buying in property and banking stocks on expectations of a fall in interest rates, dealers said. The key Hang Seng Index gained 212.58 points to close
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      Lock icon CHINA
      1076 14 Reuters Q Shenzhen B Index +0.50 CHINA'S B shares closed mixed yesterday as investors became more wary of building new positions because market indices were relatively high after heavy gains last year, brokers said. Turnover dropped as more investors took to the sidelines ahead of a long holiday for
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      Lock icon Nikkei closes higher on bargain-hunting
      2076 14 TOKYO AFP Q Nikkei 225 +176J2 SHARE prices in Tokyo closed 1.3 per cent higher yesterday on bargain-hunt-ing, with the yen's slump against major currencies giving a further boost to exporters, brokers said. The Tokyo Stock Exchange's Nikkei--225 index gained 176.12 points to finish at
      AFP  -  2,076 words
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      Lock icon TAIPEI
      392 14 AFP 0f WP Index *159.40 TAIWAN share prices closed 3.1 per cent higher yesterday on follow-through buying of electronics and financial stocks, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 159.40 points to 5,295.53, on turnover of NT5115.17 billion. Risers led decliners 297 to 242, with 55
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  • STOCKS klse
    • Article
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      9293 15 INDUSTRIALS Consumer products 2001 Last Vol Day Net Cap High Low Company Sale '000 High Low P/E Smll Ajlnomoto 310 17.0 125.6 38 31.5 Angkasa 38 4 22 38 34 56.0 306 286 Apollo Food Hlg 295 7 8 295 290 6.4 118.0 332 308 Asia File 310 unch 2
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      Lock icon KL ends higher on institutional buying
      454 15 AFP UJ Composite Index +&31 MALAYSIAN shares closed one per cent higher yesterday on support by institutional investors for blue chip stocks, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 6.31 points to finish at 670.18 points. The Second Board index gained
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      2848 16 BONDS A WARRANTS jans Wt Wrats taa/ UUri 52-W**fc Ust V* Day LntOMt* tq sua* Cmn tim Dkc Htk> Hi# Low ClMpMy Sal* *f COM) M# Lot kf« Mkr Mc* (mitts) Ml* Mc* (%t «nrtn? Ufl 48.5 1.5 s Acma W*****4 1.5 -0.5 22 1.5 1.5 1.5 2 2 41.0
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      Lock icon SEOUL
      308 16 AFP Composite Into +22i53 SOUTH Korean shares rose 4 per cent yesterday with the index up 22.83 points at 580.85. Volume stood at 575 million worth 3.6 trillion won. AFP JanS Wo« AnamSemi 3830 245 Brain Tech 520 -10 Central Bank 170 unch ChellComm ***** 2300 Da* Cu Bank
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      Lock icon MANILA
      286 16 AFP Q Composite Index -6.03 PHILIPPINE share prices ended 0.4 per cent lower yesterday with the benchmark Composite Index down 6.03 points to 1,469.08. Volume fell to 234.48 million shares worth 301.5 million pesos from 521.4 million shares worth 365.5 million pesos on Thursday. —AFP J»n 5 Peso COOO)
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      Lock icon WELLINGTON
      256 16 AFP PHBE-40 *15.57 NEW Zealand shares rose 0.8 per cent yesterday led by bar-gain-hunting in market leader Telecom Corp, dealers said. The NZSE-40 index yesterday closed up 15.57 points at 1,915.10 points on turnover worth NZ5120.9 million. Ja«J MS (OOP) Advantage HDS .1.25 -0.03 27 Air N2 A 1.58
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      Lock icon SYDNEY
      555 16 AFP Q ill Ordinaries +6.40 THE Australian stock market rose 0.2 per cent yesterday with many investors remaining on the sidelines as they digested the implications of the cut in US interest rates, brokers said. The key All Ordinaries index rose 6.4 points to 3,240.70 points and the SP/ASX
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      Lock icon BANGKOK
      741 16 AFP 0| SETT Index -*-8.01 THE Thai stock market extended its gains by another 2.9 per cent yesterday on speculative buying in the electronics sector and other major stocks, dealers said. The Stock Exchange of Thailand (SET) Composite Index rose 8.01 points to 286.76 and the SET 50 index
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      Lock icon JAKARTA
      725 16 AFP Composite Index +BJ9 INDONESIAN stock prices rose 2.2 per cent yesterday, mainly due to foreign buying of selected major stocks, analysts said. The Jakarta Stock Exchange Composite Index closed up 8.99 points at 418.82. Volume totalled 674.3 million shares worth 383.541 billion rupiah. Rising stocks outnumbered decliners 90
      AFP  -  725 words
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  • Article
    Lock icon STOCKS sgx
    9904 17 SGX MAINBOARD Transaction date: Jan 5 Cr Gr M Wt 52-WK Last Vol Day Last Quota Dlv Dlv YM Nat Cap Avg High Low Company Sala COOP) High Low Buyar Slkr C'vr H P/E $mll Prtca MULTI-INDUSTRY 158 65 mc Acma 50c 69 -0.5 23 69 68 68.5
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      107 18 Where to wine, dine and fSMmiSs WE'VE STRETCHED OUR SERVING HOURS FOR "BRUNCH" EVERY SATURDAY Food For Thought Fine Dili in» at it\ best 2 course meal $35.00 k Select a starter, then main from our ala-earte menn. For an additional $5.00 sa\or an irresistible dessert as well. shrooms MODERN
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      78 18 ANEW CONCEPT IN LEISURE DINING International Fare Weekdays Buffet Lunch $21.80 (Adult) $12.80 (Child) Buffet Dinner $25.80 (Adult) $15.80 (Child) Weekends Buffet Dinner (Fridays to Sundays) $27.80 (Adult) $16.80 (Child) High Tea $19.80 (Adult) $12.80 (Child) All prices quoted are subject to 10% service charge, prevailing government taxes and GST.
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      70 18 il Wah Lok Cantonese Restaurant Savour Sumptuous Dim Sum and Cantonese Dishes prepared by five Hong Kong Chefs. Opening Hours: 11.30 am to 2.30pm 6.30pm to 10.30pm (Mondays to Saturdays) 11.00 am to 2.30pm 6.30pm to 10.30pm (Sundays and Public Holidays) For enquiries and reservations please call 330 3588/9 C^PON
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      9 18 vvno s going to oe n®? «<irT>lri 1 11W*
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      46 18 jjpjp^^^ liaite# SWtk. YM HIGH TEA FAVOURITES £«/oy /oca/ am/ Western favourites in a daily high-tea buffet at The Mezzanine Cafe Bar. 12:00 noon to S:CX) pm daily Weekdays: $22.80+++ Mezzanre Weekends: $23 80+++ ,ltg K Reservations: 831-6286 Mantlarut QQ Singapore 333 Orchard Road, Singapore *****7
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  • Page 18 Miscellaneous
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      860 18 TVF:ITT! r T 7^— Central jetfjjp* 9 30 News 5 Tonight. 9.30 Filem Sensasi: Surat 2.00 Headline Graphics, fci Trsji "".'"J. MKOO «?«A G. Undangan. 2.02 To 6.00 am: Real-time -H ■■■■■rSI 8.00 AM Kids Central. The 11.00 Jack Jill. IL3O Wanita Dan Pemuda Financial Data. 04A Wiggles. 12.00 MN
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      310 18 CRYPTIC CROSSWORD ACROSS game (4) 1 Take off for the country after 7 w er where one exbreaking a promise (13) pects a furied umbrella (7) 10 Weak, and liable to get the wind- 8 Convict's mean to make fun of up? (3,4) children (9,4) 11 Give credit? (7) 9
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  • The Arts
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      Lock icon One Person Shows
      545 19  -  They come in a myriad of forms with a distinguishing characteristic: allowing (he one character to craft a theatrical experience all by himselfor break it PARVATHHTAYAR reports, and speaks to the players on el 2 PARVATHI NAYAR ONE-person shows, stand-up comedies, scripted monologues: these aren't solitary voices
      RICHARD CHNG  -  545 words
    • COVER STORY
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        Lock icon PERFORMERS Kumar
        469 20 "Drag is magic' "STAND-UP comedy is an art form," says Kumar with passion. And in Singapore, an art form that's practically synonymous with Kumar and his particular patter of Singapor-ean-based jokes that push at the boundaries of acceptability, his cross-dressing, oh, and the attitude. Interestingly, Kumar started with
        469 words
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        Lock icon Neo Swee Lin
        299 20 'Monologues are frightening' IT'S a surprising admission from a theatre and TV veteran like Neo Swee Lin. But she bones about the monologue |phg an extremely challenging theatrical form. "If you lose your lines, for example, there really is no one to save you on stage." But
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        Lock icon Ivan Heng
        513 20 PERFORMER CUM PRODUCER The monologue structure Is a 'delicious' way of presenting the playwright's point of view to an audience MONOLOGUE as breadwinner? Well, that's a story that Ivan Heng tells best. About endless auditions in London for stereotypical gongfu master or Chinese waiter roles. About sheer despair
        513 words
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        Lock icon Selena Tan
        624 20 when it's one person, it's as though he or she speaking directly to you in the audience' SELENA Tan's mixture of comedy, scripted lines and musical numbers is hard to label. She has created a one-wom-an show structure that's distinctively her own. It's a story that started when
        624 words
    • THE ARTS
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        Lock icon KL: Rising arts hub?
        871 21  -  You may already have seen the ads on local TV for the Martin Yates-directed Stars of the Musicals being staged in the Malaysian capital next week, cheah di-hoon checks out its extravagant marketing campaign and the growing trend of Singaporeans going up north for arts events
        871 words
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        Lock icon 'Wow' from start to end
        453 21  -  T&ip&n Circus shines with a brilliant show of skill and mastery By Aaron Lye A STANDING ovation that's what the performers of the Taipan Circus received from an extremely appreciative audience on opening night. And this, more than any number of words, best describes their
        453 words
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        Lock icon Capturing beauty with artistic grace, honesty
        454 21  -  and beauty fascinate Chinese artist Wang Mo Ping By\ Parvathi Nayar THAT Chinese artist Wang Mo Ping's first solo exhibition is taking place in Singapore is due to a variety of reasons. In large part, it's because the opportunity presented itself while he was
        454 words
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        Lock icon Theatre Movement
        942 22  -  ui-hoon talks to Niamh Dowling who teaches the heaJing powers of movement to actors all over the world CHEAH UI-HOON THE idea of movement when talking about the arts is usually associated with dance, but one woman has spent the past 10 years taking the concept and practice
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        Lock icon THE PROGRAMME
        535 22  -  Compiled by Aaron Lye MUSIC TGIF SAM w.LHEI A jazz performance-cum-dance by the Lindy Hop Ensemble, a made-in-Singapore dance group that performs the Lindy Hop, a 1930s African-American partner dance. ♦Jan 19, 7-9 pm, Singapore Art Museum Auditorium. Tickets priced at $5 (dance only) and $10 (lesson and
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        216 22  - "JL 1 Byi Aaron Lye Hw buzz: The fifth staging of Chang Eng, Singapore's lon-gest-running and most successful musical. Based on the true story of the two Thai brothers for whom the term "Siamese twins" were coined, Chang A Eng tells the story of their lives, their youth, their exploitation
        216 words
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      138 19 r >: V v > -u* V -v; v; < V *,'1 -4 •'< <z> s i y v" v r Happiness Peace Love Trust Ours is a name 25 million customers in 81 countries and territories have come in assets. Our integrity and common sense solutions are what you
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