The Business Times, 20 January 2001
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2001-01-20
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The Business Times
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Title Section14 2001-01-20 1 THE BUSINESS TIMES MITA (P) 028/12/2000 Internet: http://business-times.asial .com.sg/ SINGAPORE SATURDAY. JANUARY 20, 200114 words
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Article72 2001-01-20 1 Dsn UMLB9 (+19.30) BT-SRi 785.44 (-0.09) ST INDEX nrrvnES Mil (+38.00) ilsnsanmuusi U 24&20 (+5.00) STOCK MARKET INDICES Friday Change KLSECOMP 694.50 +10J8 NIKKEI 228 *****.12 +115.20 HANG SENG *****.55—+404-80 SET INDEX 316.88 +160 JAKARTA COMP 411.56 -479 MANILA COMP —1,***** +14.72 TAIPEI WPI dosed SEOUL COMP 619.7872 words
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Article75 2001-01-20 1 F01EX BATES us$ s$ US$ P$ per US$) 1.749 £(US$/S$per£) 1.476 2J68 EURO(US$/S$/B) 0.M8 1.649 DM —1963 1.186 YEN 118.9 67.89 RM 1.899 2.184 HK$ 7509 4.483 BAHT 4S.1I 24.78 RUPIAH 9,486 5,455 PRIME RATES SINGAPORE* 5.80 Kl'ALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK 9.50 MANILA 11.00 HONGKONG 8.50 TAIPEI75 words
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764 2001-01-20 1 Al Labita - Nearly the entire cabinet defects, military and police withdraw support From Al Labita in Manila THE Philippine peso surged 13 per cent and stocks rose as President Joseph Estrada's hold on power clung by a thread last night following defections by almost764 words
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732 2001-01-20 1 Conrad Raj - iiexclusive Long-planned initiative will keep track of consumer loans for a start Byi Conrad Raj [SINGAPORE] After years of soul-searching and cooling, Singapore's credit bureau, which will keep track of borrowers especially delinquent ones appears to be finally taking off. The732 words
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Article, Illustration647 2001-01-20 1 Teh Hooi Ling - Analysts in tight spot over whether rally can be sustained By 1 Teh Hooi Ling [SINGAPORE] Datacraft's sterling results, together with a number of positive developments in the US overnight, sparked off a major technology rally here unseen since November. The SingaporeSource: Bloomberg - 647 words
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Article, Illustration49 2001-01-20 1 [WASHINGTON] President Clinton leaves his two-term stewardship "more idealistic, more full of hope —and more confident than ever that America's best days lie ahead." In his seven-minute speech to the nation yesterday, he characterised his presidency as "an era of great American renewal". Report, Pf 11 REUTERSREUTERS - 49 words
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630 2001-01-20 1 Jennifer Lien - From. Jennifer Lien in Silicon Valley CALIFORNIANS suffered a second day of rolling blackouts on Thursday, even as the state's legislators scrambled to pass bills to tackle an unprecedented power crisis. At the same time, concerns about the state's natural gas and petrol supplies have630 words
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Page 1 Advertisements
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Advertisement73 2001-01-20 1 DfSTOE Top Stories Nat Steel to continue disposal of non-core assets. Pg 3 Ei-Nets IPO only one-third subscribed. PgS M PC sales growth could fall in 2001, say investors. Pg 7 Internet analyst Matei Mihalca makes no apologies for being a dotcom bull. Pg 7 Indonesia's central bank allays fears73 words
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Advertisement47 2001-01-20 1 Creative Technologies will announce its second-quarter results today. Go to BT Online for the report. We are at http://biisiness-times.asia 1 .com.sg li 7/ Is Mazda MX-5 Festival for still the best f little roadster? I Motoring, Page 18 m jf lc f S Back Page &EL 347 words
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NEXT page
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774 2001-01-20 2 Anna Teo - It sees growth dipping to 4.5%, below the official projection of 5 to 7% By. Anna Teo [SINGAPORE] Their bi-annual forecasts have tended to lead the market. But the NTU team's latest pronouncements on the economy are decidedly less upbeat this time, with774 words
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Article, Illustration655 2001-01-20 2 Chuang Peck Ming - Expected decline this year comes after record in 2000 Byi Chuang Peck Ming [SINGAPORE] Investments in the manufacturing sector are likely to fall this year the first drop in four years after surging to a record $9.2 billion last year.RICHARD CHNG; Source: Economic Development Board - 655 words
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ON THE grapevine
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88 2001-01-20 2 CHRISTMAS isn't the only season for gift-giving. Listed ceramic tile distributor NH Ceramics is marking Chinese New Year by sending its shareholders a $200 voucher and a coupon for them to collect a cute teddy bear from its showroom at Outram Road. All this is88 words
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Article47 2001-01-20 2 HERE'S a creative lunch invitation that comes complete with eating utensils. The Defence Science and Technology Agency's Chinese New Year lunch invitation has a pair of chopsticks stuck to it together with a request to lo hei with the agency's chief executive, Su Guaning.47 words
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Article92 2001-01-20 2 FROM what US Federal Reserve chairman Alan Greenspan once saw as the US stock market's "irrational exuberance", the other end of the spectrum must be the current "bullishly quiet" Kuala Lumpur market, as described by a Malaysian stockbroker. TA Securities Bhd executive director Bob Tan was92 words
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Advertisement518 2001-01-20 2 rhstmnjewwrc appears a: a maawr of record crly -(*kpef SfVneXM ei-Nets Ltd (Incorporated in Singapore on 3 September 1999) Placement of new Sham of $0.01 Mch (the "New Sham") comprising:I I (1) 274MMMI00Placement Shares at $oioforeach PlacementShares;and (2) 3,000,000 Rstsrvsd Sham at $020 for each Raiarvad Sham for ttw management518 words
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SINGAPORE companies
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322 2001-01-20 3 Reuters [MANILA] Globe Telecommunications, one of the Philippines' main mobile phone operators, reported yesterday it turned in a 65 per cent increase in net profit last year to 1.55 billion pesos (Sss2 million) from the year-earlier 940 million pesos. The unaudited resultsReuters - 322 words
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Article, Illustration471 2001-01-20 3 David Boey - This is part of broader revamp plan to help grow its core steel and industrial businesses By\ David Boey NATSTEEL Ltd said yesterday that the disposal of its non-core businesses would continue as part of a broader restructuring plan that would help itFILE PHOTO - 471 words
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243 2001-01-20 3 Bloomberg SHARES of Singapore Telecommunications posted their biggest one-week gain in five months as analysts expect a likely win in its Australian acquisition to boost its planned Asia-wide network. Sing Tel is up against UK's Vodafone Group pic and Telecom Corp of New ZealandBloomberg - 243 words
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Article, Illustration625 2001-01-20 3 kalpana rashiwala - locksiew kalpana rashiwala CAPITALAND investors, especially small shareholders, have every right to be upset with the way the company has been giving information on its much-talked about profit warning, finally issued publicly on Thursday. It all began mid-last week when officials from Capita Land, the mergedSource: Bloomberg - 625 words
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439 2001-01-20 3 Angela Tan - Renewed interest in tech stacks also tarns rupiah ruling into non-issue By Angela Tan SHARES of Indonesian-related companies listed on the Singapore Exchange have shrugged off Indonesia's long-speculated move to tighten control over speculative rupiah trading. Indonesia's central bank deputy governor439 words
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582 2001-01-20 5 Share price dives as company prepares to bid for Granada Compass's hotels Reuters CITY Developments Ltd (CityDev) may be stretching itself by vying for Granada Compass's billion-dollar hotel empire through its Lon-don-listed subsidiary, some analysts and fund managers said. Singapore'sReuters - 582 words
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COMPANY Briefs
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94 2001-01-20 5 KHONG Guan Flour Milling suffered a net loss of $927,000 in the half year to Oct 31, compared with a $1.3 million profit previously. The loss came despite a $105,000 profit from the sale of short-term investments. Included was a $349,000 provision for a94 words
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74 2001-01-20 5 LOGISTICS firm TPA Strategic Holdings yesterday said it has agreed to take a 40 per cent stake in a joint-venture company, with partners China Southwest Airlines and Xi'an Xiang Yu Aviation Technical Group taking 30 per cent each. The joint venture company, Aircraft Engineering74 words
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Article40 2001-01-20 5 WE reported yesterday that Stamford Tyres' interim net profit fell 10 per cent to $2.01 million. While the profit figure was correct, it was not lower but unchanged from the previous corresponding period. We are sorry for the error.40 words
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282 2001-01-20 5 Andrea Tan - By, Andrea Tan INTERNET company ei-Nets' initial public offer of 30 million placement shares at 20 cents each has been subscribed by a third, saddling its placement agents with 20.32 million shares. Although the weak IPO market has been blamed, analysts say the poor take-up282 words
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Article, Illustration221 2001-01-20 5 Liew Hanqing - By\ Liew Hanqing MAINBOARD-LISTED KLW Holdings revealed yesterday it was tendering for $31.86 million of door, flooring and cabinet contracts at various property projects. It released the news in a statement to the Singapore Exchange, which had queried it on unusual movements in itsFILE PHOTO - 221 words
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180 2001-01-20 5 WATER-treatment specialist Hyflux opened a new $4 million R&D centre and manufacturing plant at Changi yesterday. "It's a historic moment for us after the launch of our IPO," said chief executive and managing director Olivia Lum. "Our marketing thrust abroad will open180 words
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147 2001-01-20 5 PAN-UNITED Industries has bought about five million Nam Kee Asphalt (NKA) shares at $1 each free of all liabilities, and Pan-United Engineering has acquired all of NKA's assets. The two wholly-owned subsidiaries of Pan-United Corporation arrived at the total purchase price of $10.5 million147 words
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Page 3 Advertisements
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Advertisement700 2001-01-20 3 Central bank dismisses fears of capital controls, Pg 8 Thomson-CSF Invest SAS (Incorporated in France) MANDATORY CONDITIONAL CASH OFFER by Credit Suisse First Boston for and on behalf of Thomson-CSF Invest SAS a wholly-owned subsidiary of Thomson-CSF (Incorporated in France) to be renamed THALES for AVIMO GROUP LIMITED (Incorporated in700 words
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SINGAPORE markets
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Article, Illustration581 2001-01-20 4 r. sivanithy - I comment YOUR MONEY r. sivanithy JAW-DROPPING gains by technology stocks had market players glued to their screens yesterday as momentum traders scrambled for a piece of the action and others kicked themselves for not having taken the plunge earlier. Thanks581 words
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Article, Illustration198 2001-01-20 4 R Sivanithy - WARRANT WATCH By R Sivanithy IT looks like the only things moving in the local market right now are tech or electronics stocks, thanks to a mini-re-vival on Nasdaq and better-than-expec-ted earnings reported by Datacraft. Unfortunately for those looking for a leveraged198 words
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Article, Illustration241 2001-01-20 4 Ven Sreenivasan - HOT STOCK -By Ven Sreenivasan BANK stocks have taken a beating lately. Indeed, the shares of Singapore's "Big Four" banks featured prominently on the losers' list yesterday. In percentage terms, Overseas Union Bank recorded the smallest slide, easing 10 cents to $7.30241 words
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Article132 2001-01-20 4 SINGATRUST Ltd announced that Solidvision Pte Ltd, a wholly-owned subsidiary of the company, has acquired a wholly-owned subsidiary known as Fastech Semiconductor Sdn Bhd (formerly known as Grand Case Sdn Bhd). Fastech Semiconductor Sdn Bhd is a company incorporated in Malaysia with an authorised capital of RM50.000 and132 words
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Article, Illustration313 2001-01-20 4 larry wee - ■UMMaiUaaaßiillafl CURRENCIES larry wee THE Philippine peso exploded in thin and nervous trading yesterday as players bet President Joseph Estrada was hours away from stepping down after key members of the military and his administration defected from his embattled Cabinet. AtSource: Reuters - 313 words
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Article462 2001-01-20 4 Stocks Vofcut PacificCenturylOc 77,791,000 PCI 25c 39,552,000 Omni Ind 10c 26,692,000 Chart Semiconductor 26c 22,359,000 AddvafTech 2.5c 15,407,000 ST Assembly 25c 14,826,000 MediaRinglOc 14,010,000 Gul Tech 20c 13,235,000 Vickers Capital 25c 13,155,000 SGX1c 12,332,000 Stocks Chart Semiconductor 26c 137,802,891 DBS Grp 121,263,673 DatacraftlOc 104,966,127 Omni Ind 10c 77,543,100 PacificCenturylOc 69,457,440462 words
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Advertisement355 2001-01-20 4 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HOUR GLASS LIFESTYLE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies355 words
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Advertisement395 2001-01-20 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FESTIVAL FOODB PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members of the Company will395 words
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Advertisement222 2001-01-20 4 THE COMPANIES ACT, (CHAPTER 50) THE COMPANIES REGULATIONS REGULATION 58 NOTICE OF JUDICIAL MANAGER'S MEETING OF CREDITORS Nam* of Company: Thome Corp Re Ltd (In Judicial Management) Company No.: *****4805W Take notice that a meeting of creditors in the above matter will be held at AEC Centre, International Factors Building222 words
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Advertisement24 2001-01-20 4 -j mi rs ?S!!3SCj rnJLSm HO il Tha Straits Classified whara m virtually avary ff horn* Is H flngartlps.BfcF 1 a. m k. rw24 words
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Article4584 2001-01-20 5 Mum EM LooHwo Sep 25 I 1-016 1367 0.96 238 Date TY LY TV LY Loo Motel Sop29 2.190 3384 MO t40 £*****1 1222 &2i i£2USi> uj».£ j g™ gg $2 :aw o.™ us& tss i '<&> f& s* s» ACE Dynamics Sep 05 I 0.5374,584 words
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SINGAPORE news
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Article, Illustration633 2001-01-20 6 Quak Hiang Whai - Mostly from private sector, and holding diverse views; safe bet GE next year From l Quak Hiang Whai in Hongkong THE People's Action Party has recruited another three or four potential candidates for the next general election, according to Deputy Prime Minister Lee633 words
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398 2001-01-20 6 Anna Teo - ontneeconomy GDP growth Byi Anna Teo COULD we be seeing in the next few quarters a repeat of the 1996 slowdown? Chow Kit Boey, director of the NUS' Centre for Business Research Development, sees a plausible pattern developing, based on the findings of the398 words
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Article, Illustration381 2001-01-20 6 Siow Li Sen - By\ Siow Li Sen WILL the day come when customers have to pay for just standing in a bank queue? It has yet to happen, but OCBC Bank has implemented what could be the next worst thing charging customers for depositing large amounts of381 words
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Article53 2001-01-20 6 In our article "Price perks fuel talk of property price war" yesterday, we linked comments by Joseph Tan of CB Richard Ellis to a paragraph on Capita Land's Tanah Merah Crest project. The two are unrelated. We are sorry if we gave the impression that Mr Tan commented on53 words
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271 2001-01-20 6 YOUNGER and better-educated workers are more likely to take part in structured training, a survey by the Ministry of Manpower (MOM) has found. The inaugural National Survey on Adult Training quizzed 3,119 respondents about training activity in the 12 months to May 2000. It found271 words
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326 2001-01-20 6 FIXED-LINE telephone numbers in Singapore will move to an eight-digit format on March 1,2002, two years ahead of schedule. All numbers will be prefixed with the digit +6,1. The Infocomm Development Authority of Singapore said full telecommunications liberalisation in April last year had led326 words
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436 2001-01-20 6 Tang Weng Fai - Only 8 ont of 40 sales and admin staff left to service customers By' Tang Weng Fai THE Singapore office of troubled Belgian software company Lernout Hauspie (L&H) has retrenched all but eight of its more than 40 staff. "The notices for436 words
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161 2001-01-20 6 Han Liang Yuan (Ms - Han Liang Yuan (Ms) Manager, Media Relations, Land Transport Authority I REFER to the letter "LTA should step in" by Lee Yu Ming (Wheel Matters, Jan 6). We would like to inform him that the Land Transport Authority (LTA) has put in place a161 words
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198 2001-01-20 6 Singapore, via Internet - MAILI.TTH Singapore, via Internet I REFER to your article "Economists see rising liquidity, booming stock markets ahead" by Siow Li Sen (BT, Jan 16). As a kiasu Singaporean who only practises "economy" and is far removed from being an "economist", I read your above198 words
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122 2001-01-20 6 Wong Fong Tze - Wong Fong Tze Vice-president (Corporate Development), PSA Corporation I REFER to your article "PSA properties should not go to a GLC" by Lee Han Shih (BT, Jan 16). The article mentioned that PSA's properties will be split into two companies. One of the122 words
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Advertisement68 2001-01-20 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 bear68 words
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e-NEWS
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611 2001-01-20 7 SAN DIEGO Prices and growth in shipments falling to 10-year low after bleak 4th quarter Bloomberg SOME of the largest money managers say this year could turn out to be the toughest in a decade for personal computer makers. PC makers' revenue will beBloomberg - 611 words
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E Briefs
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Article106 2001-01-20 7 Bloomberg [HONGKONG] Pacific Century CyberWorks yesterday rose for a second session as investors speculated the company has found a buyer for Cable Wireless's 14.9 per cent stake in the firm. CyberWorks rose as much as 10 per cent to HK$4.6B, extending Thursday's 9.7 per centBloomberg - 106 words
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96 2001-01-20 7 Bloomberg [NEW YORK] AOL Time Warner, the world's largest Internet and media company, said on Thursday it may repurchase as much as US$5 billion (SsB.7 billion) of its shares in the next two years as it thinks the stock is undervalued.Bloomberg - 96 words
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72 2001-01-20 7 AFP [SAN FRANCISCO] AltaVista, the giant Internet portal and search engine, is again laying off 25 per cent of its workforce some 200 employees because of a downturn in online advertising. The announcement on Thursday is the second round of layoffs for theAFP - 72 words
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68 2001-01-20 7 Bloomberg [SANTA CLARA, California] Intel, the world's largest maker of computer chips, will give US$6OO,OOO to 300 US teenagers and their high schools for being Intel Science Talent Search semifinalists. Each semifinalist will be awarded US$l,OOO and Intel will also give $1,000 to theBloomberg - 68 words
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Article, Illustration458 2001-01-20 7 They slow it down to a dead stop, store and then release it NYT RESEARCHERS say they have slowed light to a dead stop, stored it and then released it as if it were an ordinary material particle. The achievement is a landmark featNYT - 458 words
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422 2001-01-20 7 LONDON Investors worried over earnings growth ontlook Bloomberg ORANGE SA must cut the price of its forthcoming US$7 billion (5512.2 billion) initial share sale by as much as 20 per cent to lure investors who are reluctant to buy Europe's second-biggest mobile phone company,Bloomberg - 422 words
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241 2001-01-20 7 BANGALORE Reuters INDIAN technology giant Wipro Ltd yesterday reported a three-fold rise in net profit for the October-December quarter, exceeding expectations and causing its share price to jump. Net profit surged to 1.89 billion rupees (Ss7o million), or 8.09 rupees a share, from 444Reuters - 241 words
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270 2001-01-20 7 WASHINGTON Bloomberg APPLERA Corp's Celera Genomics unit, Compaq Computer Corp and the US government were scheduled yesterday to announce a pooling of resources to create the world's fastest supercomputer. Ultrafast computers have long been a mainstay at the Energy Department, which usesBloomberg - 270 words
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921 2001-01-20 7 Merrill's key Asian Net analyst says the risks were never glossed over, responsibility for the fever must be shared Reuters [HONGKONG] MATEI Mihalca has a regret or two, but the star Asian Internet analyst with Merrill Lynch does not apologise for being oneReuters - 921 words
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REGIONAL news
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719 2001-01-20 8 Shoeb Kagda - New forex rules to help reduce offshore rupiah speculation are already having effect, it says From I Shoeb Kagda in Jakarta INDONESIA'S central bank yesterday dismissed fears that it was imposing capital controls to defend the beleaguered rupiah, but added that the new foreign719 words
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Article, Illustration481 2001-01-20 8 JAKARTA Indon president roles oat resigning from office early Reuters, AFP, AFX-Asia ABOUT 600 students calling on Indonesian President Abdurrahman Wahid to resign converged on parliament yesterday, the fourth consecutive day of demonstrations against the embattled Muslim cleric. But Mr Abdurrahman, in interviews published yesterday, ruledReuters,; AFP,; AFX-Asia; AP - 481 words
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Article91 2001-01-20 8 AFP [JAKARTA] Police in the Indonesian capital yesterday arrested a woman who was carrying three bombs in a bag at the "Indonesia in Miniature" tourist attraction, an officer said. The woman was arrested at the recreation park in East Jakarta while meeting another person who apparently wantedAFP - 91 words
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Article, Illustration1058 2001-01-20 8 karim raslan - WRITER'S JOURNAL Malay liberals are key to reviving Malaysia's moderate agenda karim raslan THE idea of Malay unity has been like a mirage hovering over the country's political life for decades. All the Umno leaders, without exception, have sought to bring the ummah (Muslim community) together1,058 words
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Article, Illustration267 2001-01-20 8 KUALA LUMPUR Reuters MALAYSIA'S economic outlook appears gloomy based on expectations from consumers and businessmen for income and sales in coming months, an influential private think tank said yesterday. The Malaysian Institute of Economic Research (MIER) said the Consumer Sentiment Index (CSI) fell by 10.4 pointsReuters; FILE PHOTO - 267 words
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Advertisement124 2001-01-20 8 Since 1975 our worldwide staff of over 275 multi-disciplined professionals including lawyers, chartered accountants. ISP, 1 W chartered secretaries and bankers have i k provided confidential and cost effective company formation in all the major low jjjjl I tax areas mClud n^ Incorporation Fees from USSSOO The world's re ,7124 words
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REGION world
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777 2001-01-20 9 Anthony Rowley - Disagreement on whether yen should be allowed to keep sliding markets confnsed Frorn Anthony Rowley in Tokyo THE policy divide between Japan's finance ministry and the Bank of Japan (BOJ) over how to deal with the slowing Japanese economy widened yesterday when the heads777 words
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Article473 2001-01-20 9 SHANGHAI Analyst says it's unlikely there will be big gains this year AFX-Asia CHINA'S senior leaders are urging the China Securities Regulatory Commission (CSRC) to strengthen stockmarket supervision this year, making it unlikely that the markets will see significant gains in 2001, an analyst at aAFX-Asia - 473 words
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216 2001-01-20 9 HONGKONG Bloomberg CHINA Everbright Ltd, an investment company controlled by China's cabinet, said its banking and brokerage units aren't under investigation as the government steps up a crackdown on stock manipulation. China Everbright shares slumped 21 per cent Tuesday and Wednesday on speculation theBloomberg - 216 words
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Article, Illustration144 2001-01-20 9 Reuters [HONGKONG] Standard Chartered pic said yesterday that elderly and certain underprivileged customers would be exempt from a planned fee hike targeting smaller depositors in Hongkong. Stanchart recently said it planned to charge HK$lOO (5522.30) per month on accounts holding less thanReuters; FILE PHOTO - 144 words
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Article, Illustration433 2001-01-20 9 NEW DELHI AFP PRIVATE cellular telephone firms in India have begun slashing tariffs in response to a price war launched by state-run Mahanagar Telephone Nigam Ltd (MTNL), officials said yesterday. Hongkong's Hutchison, which provides services in New Delhi in a tie-up with India's EssarAFP; FILE PHOTO - 433 words
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339 2001-01-20 9 TAIPEI Bloomberg MORGAN Stanley Dean Witter Co and a Taiwan partner will spend more than US$6OO million (551.04 billion) buying bad loans from banks as lenders clean up their books prior to a round of state-led mergers, the companies said yesterday. MorganBloomberg - 339 words
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252 2001-01-20 9 NEW DELHI AFP THREE brothers from the billionaire Hinduja family were set to appear before a court here yesterday in a US$l4 million (5524.3 million) arms scandal involving Swedish armament firms Bofors, officials said. Srichand, Gopichand and Prakash Hinduja will appearAFP - 252 words
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380 2001-01-20 9 HONGKONG China Manton Fond to focus on mid-cap, high-growth firms Reuters AS CHINA prepares to open up its markets ahead of its accession to the World Trade Organization (WTO), a group of investment professionals based in Greater China have launched aReuters - 380 words
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Advertisement223 2001-01-20 9 This is a unique opportunity to lead a profitable, $15 million business with substantial annual growth in excess of 15% and an impressive market presence as a leading specialist in the distribution of electronics, hardware products and services. Ambitious plans to increase market share and profitability in the next three223 words
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US results
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561 2001-01-20 10 Sales of Windows 2000 help company post U556.59 billion revenue NYT [SEATTLE] Capitalising on strong sales growth for its Windows 2000 desktop operating system at the end of the year, Microsoft has reported quarterly earnings that met Wall Street's scaled-back expectations. The company reported on ThursdayNYT - 561 words
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573 2001-01-20 10 Company remains bullish as Q2 revenues soar 44% NYT [SAN FRANCISCO] Shaking the profit woes faced by many high-technolo-gy companies these days, Sun Microsystems said on Thursday that its quarterly earnings met Wall Street's expectations. The company added that although sales soared 44 perNYT - 573 words
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436 2001-01-20 10 Reuters [LOS ANGELES] Biotechnology company Genentech Inc on Thursday reported a 74 per cent increase in fourth-quarter profits on strong sales of its cancer drugs, but said earnings growth would slow this year as it invests in new products. The biotechnologyReuters - 436 words
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Article, Illustration475 2001-01-20 10 Reuters [OTTAWA] Nortel Networks Corp gave the market welcome news on Tuesday as the world's No 1 supplier of fibreoptic systems equipment confirmed its forecast for the year and posted fourth-quar-ter results that matched market expectations. Nortel said it expects revenue and earnings to growReuters; AP - 475 words
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313 2001-01-20 10 NYT, AFX-Asia [NEW YORK] EBay, the online auction site, continued its run as one of the Internet's few remaining success stories with an announcement on Thursday that its revenue for the fourth quarter was US$l34 million (*****.8 million), slightly ahead of analysts' expectations. "WeNYT,; AFX-Asia - 313 words
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OTHER Results
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Article81 2001-01-20 10 Bloomberg [BLUE BELL, Pennsylvania] Unisys Corp, a provider of business computers and related services, said fourth quarter profit fell 11 per cent and first quarter earnings will miss analysts' estimates because orders are slowing. Profit from operations fell to U*****.6 million (*****.5 million), or 41Bloomberg - 81 words
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Article80 2001-01-20 10 Reuters [SAN JOSE] Specialty chipmaker Altera Corp on Thursday reported fourth quarter earningsthat narrowly missed reduced forecasts and said an industry-wide correction will hurt demand in the short term. It said profits before a gain rose 46 per cent to U*****.7 million, or 25 cents aReuters - 80 words
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Article85 2001-01-20 10 Bloomberg [NEWPORT BEACIJ, California] Conexant Systems, a maker of communications chips, reported a fiscal first quarter loss after it twice reduced targets because of slowing sales. The company postponed plans to sell stock in its Internet-chip business to the public. The loss was U*****.6 million, orBloomberg - 85 words
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79 2001-01-20 10 Reuters [EMERYVILLE, California] Database software maker Sybase Inc on Thursday posted fourth quarter earnings that beat expectations on the success of its enterprise software business. For the quarter ended Dec 31, the company reported pro forma net income of U5545.5 million, or 50 cents per share.Reuters - 79 words
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Page 10 Advertisements
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Advertisement1215 2001-01-20 10 LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Nineteenth Annual General Meeting of the Company will be held at The Regent Singapore, 3rd level Board Room 11, 1 Cuscaden Road, Singapore *****5 on Monday, 19 February, 2001 at 12 noon for the following1,215 words
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WORLD news
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Article, Illustration857 2001-01-20 11 WASHINGTON That's the healing message Bush will send out in his brief inaugural speech today AFP, Reuters, LATWP GEORGE W BUSH, who takes the oath of office to become the 43rd US president today, plans to ask Americans to help build a "nationAFP,; Reuters,; LATWP; AP,REUTERS - 857 words
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Article546 2001-01-20 11 WASHINGTON He wishes Bosh best in leading freedom's march in new century LAT-WP WITH just 40 hours left in his presidency, Bill Clinton bade the nation farewell on Thursday night, urging the United States to maintain its fiscal discipline, remain engaged in the world andLAT-WP - 546 words
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382 2001-01-20 11 WASHINGTON Reuters US BANK regulators on Thursday drastically scaled back a controversial proposed rule that would require banks to set aside more money to cover the risks of their equity investments in commercial firms. The new proposal revises one issued in MarchReuters - 382 words
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525 2001-01-20 11 WASHINGTON Bigger fall in imports than exports behind improvement in Nov Bloomberg THE US trade deficit narrowed in November for a second straight month as imports fell more than exports, government statistics showed yesterday. The trade deficit in goods and services narrowed to US$33Bloomberg - 525 words
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267 2001-01-20 11 ■LONDON It outstrips New York, London, Paris once again AP TOKYO is still the world's most expensive city to live in, outpacing such global centres as New York, London and Paris, according to a survey. In fact, traditionally costly Paris was not listed amongAP - 267 words
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297 2001-01-20 11 MELBOURNE Bloomberg VILLAGE Roadshow, Australia's No. jl cinema and radio company, plans to sell up to 45 per cent of its Austereo radio unit to shareholders and institutions for as much as As46o million (Ss44B million) to reduce debt. Melbourne-based Village said it wouldBloomberg - 297 words
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FINANCE & commodities
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315 2001-01-20 12 Lau Chee Keong Refco Singapore - SGX Derivatives Tn^agReport ST Inde*/MSCI S'pore Index Lau Chee Keong Refco Singapore THE Singapore stock market rebounded yesterday after the strong overnight performance of the Nasdaq Composite Index on better than expected earnings and an improved outlook for the technology sector. Technology shares continued to315 words
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215 2001-01-20 12 Reuters [LONDON] World coffee will remain heavily in surplus in 2000/01 with stocks forecast at 32.2 million bags at the end of the crop year, or 28.6 per cent of annual consumption, German analyst FO Licht said yesterday. In its first estimate ofReuters - 215 words
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211 2001-01-20 12 ENERGY REPORT Reuters [LONDON] World oil prices were litUe changed yesterday as traders weighed the likely impact of Opec output cuts against signs that demand is faltering and depleted storage tanks are beginning to refiU. The Organisation of the Petroleum Exporting CountriesReuters - 211 words
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Article326 2001-01-20 12 Reuters London THE Japanese yen yesterday returned to Thursday's closing levels against the US dollar after gyrating as conflicting remarks by Japanese officials yesterday sowed confusion over their stance on the yen and monetary policy. The Japanese currency initially rebounded nearly three yen from Thursday's 18month lows againstReuters - 326 words
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Article, Illustration1244 2001-01-20 12 MBWWWWWMMMMWWWWMWWWMWMWWMWWWMMWWMWWMMMWMWIMMWHBWWBMHWWWMWWWWWWWWMWWWWWWMWWWWWWWBWW>MWWBWWBBWBMWBWWWWMMWaWWBB>MBaWWMBWMMWWBWWMBBBWWBWWaWWWM HTERBAME CROSS RATES j an w A$ C$ Rwfc Euro Ffr Dw HK$ tnd ta Unplek Ytti Wow RK MZ$ Pah Us Peso S$ Bud Sfr NT$ Baht Pownd US$ Australia 0.847 4.657 0.592 3.883 1.158 4.377 24.029 53.076 0.662 7.165 2.132 1.244 33.167 28.529 0.976 4.427 0.905 18.2771,244 words
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Article1915 2001-01-20 12 SICOMFOTPEES Jan 19 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACTUS cents/kg) Close Votane Open Month High Low Sett (tonnes) Interest Feb 01 106.00 Mar 01 107.25 1950 Apr 01 110.50 400 May 01 113.00 400 RSS 3 CONTRACT (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest Feb1,915 words
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STOCKS east asia
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Article, Illustration2890 2001-01-20 13 HONGKONG Bloomberg, AFP O Hang Seng +***** HONGKONG'S key stock index surged to more than a three-month high as Pacific Century CyberWorks Ltd gained 9 per cent on speculation shareholder Cable Wireless pic has found a buyer for its CyberWorks' stake. "There areBloomberg,; AFP - 2,890 words
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Article, Illustration1091 2001-01-20 13 AFP Reuters jpj Shenzhen B Index +2.47 CHINESE stocks closed up in thin trade yesterday as institutions conducted light buying to support share prices on the eve of a two-week Chinese New Year holiday, brokers said. Shanghai's hard currency B Share Index ended up 0.94 of a point orAFP; Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 1,091 words
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2116 2001-01-20 13 TOKYO AFP H Nikkei 225 ♦11U0 SHARE prices in Tokyo rose 0.8 per cent yesterday as investors welcomed a stronger Wall Street and prospects for government intervention to support the market, brokers said. The Tokyo Stock Exchange's Nikkei--225 Index gained 115.20 points toAFP - 2,116 words
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Page 13 Advertisements
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Advertisement46 2001-01-20 13 the paper that made The Taiwan Stock Exchange will be (dosed till Jan 28 for the Chinese New Year holidays Otfl C r— c. c^P ero fCCIM. PU'ftT. J ff\ WMIW*, W<»St»rS wf ,etsandpe f 583 CATS «l Ciii <5 Buy It. S<i k. FM k.46 words
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STOCKS klse
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Article9201 2001-01-20 14 INDUSTRIALS Consumer products 2001 Last Vol Day Net Cap High Low Company Sale 'OOP High Low P/E Smll 310 300 Ajinomoto 310 unch 4 310 310 17.0 125.6 40 30 Angkasa 35.5 5 33 36 31.5 52.3 316 286 Apollo Food Hlg 316 6.9 126 4 332 308 Asia File9,201 words
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Article, Illustration435 2001-01-20 14 AFP Composite Index +10.58 MALAYSIAN shares closed 1.5 per cent higher yesterday boosted by Wall Street's gains and fresh expectations of a Chinese New Year rally, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 10.58 points to finish at 694.50.AFP - 435 words
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Page 14 Advertisements
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Advertisement11 2001-01-20 14 A business Times weekly on homes and offices every Thursday TIII:BISIM:SSTimi:S11 words
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SGX clob & regional stocks
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Article2796 2001-01-20 15 BOHPS A WARRAMTS Vt Wnrtt fnml Uytry 52-Waali List Val Day LastOaata A«f Inert Cam Enr Otac MUM HtQti Low CoaiHny Sat* *m- COOO) Mgk La* layer Safer Price (aaattt) RaMe Price tniii? Left 47 1 S Acma W*****4 1 -1 6 1 1 1 2 2 41.0 1 3002,796 words
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Article, Illustration732 2001-01-20 15 AFP SET Index +2.60 THAI stocks rose 0.8 per cent yesterday, thanks to improved sentiment following stronger earnings by banking and finance companies and strong gains by the Nasdaq Composite Index on Wall Street, analysts said. The Stock Exchange of Thailand (SET) Index gained 2.60 points to finish atAFP - 732 words
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Article288 2001-01-20 15 AFP w% Composite Index +14.72 PHILIPPINE share prices closed one per cent higher yesterday on a technical rebound, dealers said. The benchmark composite index of the Philippine stock exchange rose 14.72 points to end at 1,452.93. Turnover rose to 425.8 million shares worth 1.1 billion pesos.—AFP Jan 19 PtsoAFP - 288 words
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Article, Illustration747 2001-01-20 15 AFP A Composite Index -4.79 INDONESIAN share prices closed 1.2 per cent lower yesterday on profit-taking in major stocks amid concerns over the political situation after the discovery of suspected bombs at a Jakarta theme park, dealers said. The Jakarta Stock Exchange Composite Index closed down 4.79 points atAFP - 747 words
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Article261 2001-01-20 15 AFP HHISE-40 +24J7 NEW Zealand shares posted their seventh straight gain yesterday with a 1.3 per cent rise on continuing interest from foreign investors, dealers said. The NZSE-40 Capital Index rose 24.97 points to 1,997.24 on turnover of NZ5106.5 million. —AFP JaaW iZ$ (000) Advantage HDS 1.08 0.01 284AFP - 261 words
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Article550 2001-01-20 15 AFP AD Ordinaries *210 AUSTRALIAN shares closed 0.7 per cent higher yesterday with investors anticipating a cut in local interest rates next month, brokers said. The All Ordinaries Index gained 22.0 points to close at 3,254.5. The All Industrials Index jumped 38.1 points to 5,660.2 and the All ResourcesAFP - 550 words
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Article306 2001-01-20 15 AFP V% Composite ladei ♦15.73 THE Korea Stock Exchange Composite Index closed up 15.73 points at 619.78 yesterday on strong foreign interest.— AFP J«19 Won Anam Semi 5220 680 Brain Tech 530 unch Centra! Banh 170 unch Chell Comm ***** 1000 Dm Gu Bank 1680 10 Daesang Corp 1305AFP - 306 words
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Page 15 Advertisements
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Advertisement13 2001-01-20 15 MRjSii I|P j 111! the new Jgf H The Business Times every Monday13 words
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Article9909 2001-01-20 16 SGX MAIHBOARD Transaction date: Jan 19 Cr Cr M Wt 52-Wk Last Vol Day Last Quote Dlv Olv VM Net Cap Ava High Low Company Sal« COOP) High Low Buyr Sollr C'vr H P/E $mll Price MULTI-INDUSTRY 158 64 m c AcmaSOc 67.5 *0.5 132 68 66.5 67.59,909 words
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Page 16 Advertisements
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Advertisement11 2001-01-20 16 A weekly must-read for property buyers and sellers every THURSDAY ThkßiisinessTimks11 words
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Page 17 Advertisements
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Advertisement215 2001-01-20 17 Where to wine, dine and entertain../"? (o>s& I ~m Yusheng Promotion per order (9 Jan 7 ieb) Harmony Lobster at 128 Fortune Abalone at $98 Prosperity Salmon at $38 (small) or $68 (large) For reservations, please caß 1800-299 9011 or 290 8005 Prices subject to 10% service charge &gwt. taxes215 words
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Advertisement299 2001-01-20 17 Wah Lok Cantonese RestaurM Reunion Dinner Packages and Chineie New Year Set Menus are priced at $168 00 to $1,880.00. Yu Sheng, the festive dish not to be missed on this occasion is priced from $30.00 to $48.00. The Set Menus and Yu Sheng are available from 23 January to299 words
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Advertisement55 2001-01-20 17 bS^^^SPBI Usher In The Lunar New Year With Us At THE NEPTUNE From 23 January to 7 February 2001 Enquiries: 224 3922 Website http://www.mandarin-singapore.com U£j-) Iff fts*VA€ JH jMnilll&iMr _J SE SO Mste 333 Orchard Road. Singapore *****7. Tel: 737 4411 Fax: 732 2361 You will find it all here55 words
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Page 17 Miscellaneous
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Miscellaneous886 2001-01-20 17 The Business Times, Saturday, January 20,2001 LOO AM Shania Twain 1140 Wanita Dan Pemuda LOO Headlines. Come On Over. Desa. LO2 Medical Breakthrough 8.00 AM Kids Central: The 2.00 Just For Variety. 12.00 MN Close. (R). ism m Wiggles. 2.30 Delia Smith's Winter L3O Corporate Watch (R). m 8-30 as886 words
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Miscellaneous302 2001-01-20 17 CBTPTIC CROSSWORD ACROSS side (9) 1 Master takes girl pupil in mar- 5 N ngqg (7) the whole lot (5) 5 Thf storm created by Shake- 6 Copying a fake sovereign (9) speare (7) 7 Paper work I d get in order (7) 9 Make out a new plan for302 words
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MOTORING
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Article, Illustration1040 2001-01-20 18 CHRISTOPHER TAN - The latest MX-5 hasn't learnt new tricks. It just perfected some old, ones, says CHRISTOPHER TAN CHRISTOPHER TAN THEY say almost every woman has at least one little black dress in her wardrobe. It's undeniably sexy, it's always in vogue... and it's usually1,040 words
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Article, Illustration650 2001-01-20 18 David Boey - Two Honda Insights set a record for fuel efficiency at 41 km/litre By] David Boey TWO Honda Insight petrol-electric cars arrived at K«h Motor's Übi Road showroom yesterday morning after a record-making 2,000 km ftiel-economy drive in which teams of650 words
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463 2001-01-20 18 Tei Chin Siam Singapore, via Internet - Tei Chin Siam Singapore, via Internet IN one of your reports, a motor distributor was quoted as saying buyers expect traders to subsidise them when Certificate of Entitlement (COE) prices rise but demand rebates when COEs fall. The fact is, distributors stand to463 words
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518 2001-01-20 18 Sulosana Karthigasu - Sulosana Karthigasu for Permanent Secretary, Ministry of the Environment I REFER to your article "Underperforming cars: are fuels to blame?" and "ENV, oil firms in talks on sulphur content" by Christopher Tan (BT, Jan 17). In 2000, the annual average level of sulphur518 words
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Page 18 Advertisements
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Advertisement68 2001-01-20 18 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 sinqapore and policy questions tackled by theLTA. You can fax us on 733-5271 or e-mail us at btletter@sph.com.sg. You68 words
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The Arts
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Article, Illustration1556 2001-01-20 19 PARVATHI NAYAR - PARVATHI NAYAR IS ('lliiniicd 1)\ tllC offerings ill (his \cnr's Inlci'iKitioiial Festival lor Uiildron PARVATHI NAYAR Tl I «»111 \he \1ll";'lr.s lull wll.lt .1 el I n| lIIt Ml TIC. 11 Illic it' I he\ prom iso to wim c wll li <• 11• p11;m I1,556 words
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Article, Illustration746 2001-01-20 20 JOHN GEE - jobm gee finds out all about the new arrangement which will grace the nation JOHN GEE SINGAPORE'S National Anthem will sound brighter and more inspiring from today, thanks to a timely musical overhaul by leading local composer Phoon Yew Tien. Launched yesterday by the Ministry ofFILE PHOTOS - 746 words
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Article, Illustration691 2001-01-20 20 Parvathi Nayar - It's part of the arts keeping in step, and stepping ahead By] Parvathi Nayar IN the New Economy, there is need to refocus to stay relevant, or reinvent to be ahead. That the arts are no exception to the rule seems691 words
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Article37 2001-01-20 20 The Philharmonic Winds A performance by Singapore's first wind ensemble featuring locally-composed or arranged musical works. ♦Jan 20,8:15pm, Victoria Concert Hall. Tickets are priced at $101 For ticket bookings, please contact the ensemble at 9388 7715.37 words
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Article313 2001-01-20 20 Recent Works off Dlpali Bhattacharya The first exhibition by Indian artist Dipali Bhattacharya in Singapore. Features paintings of Indian women in contemplative and romantic moods. +Until Jan 31, llam-7pm (Mon-Fri), 12pm-6pm (Sat Sun). Galerie Belvedere, *01-09 MIT A Building, 140 Hill Street. Admission free. Master off Fine Art An313 words
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Article109 2001-01-20 20 Aaron Lye - Compiled by, Aaron Lye [names changed to protect the innocent]: untitled Shadowed Retina II A performance consisting of three segments titled A Shadow's Mask, Detached Retina //and untitled cow number one. Mask is a tale on people in society wearing "masks", while untitled cow number one is a performative109 words
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Article, Illustration208 2001-01-20 20 Parvathi Nayar - By Parvathi Nayar The Buzz: Circles of shimmering reflections and saturated colour. Plot Players: Filipino artist Pacita Abad plays with pieces of glass, fabric and densely packed colours in an exhibition entitled The Sky is The Limit. The artist draws inspiration from her recent and past travels in the208 words
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New Asia Biz Woman
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Article, Illustration1278 2001-01-20 22 CHEAH UI-HOON - Activist Thomas Kelly opens a window on the world of South Asian sex workers with some startling photographs, chhahui-hoon looks in CHEAH UI-HOON THE enlarged photographs may not quite suit the walls of a middle-class living room four women wrapped up in shawls, sitting inside what couldALL PHOTOS: THOMAS KELLY - 1,278 words
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Article535 2001-01-20 22 John Gee - By, John Gee WOMEN perform most of the world's work. There is nothing new about that. What has changed during the last century, at an accelerating pace, is the range of work which they have taken on as well as the proportion of their535 words
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Page 19 Advertisements
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Advertisement133 2001-01-20 19 VVr" t >',»". Xv 2 '■*■•'"V" v.* v/ ..*-5 4 'if.; ->* v r< y .r '".< 1 V j r; '■"■-•> I■*■- >' V'Vl V_V .>..*■ .HU 'apwi r. Right Left Back Straightforward "I >*$ r t. v Wm-- m «t§ M ft f^- TK. HSBC was established over133 words
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