The Business Times, 27 January 2001

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Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    13 1 THE BUSINESS TIMES MITA (P) 028/12/2000 .com.sg/ SINGAPORE SATURDAY, JANUARY 27, 2001 85C
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  • Article
    Lock icon MABKET SUMMARY
    70 1 sn M06J9 (-8.31) BT-SBI 784J8 (4.13) ST INDEX FOTUBES MOOlOO (unchanged) SmSCI FUTBBES 242J0 (-1.40) STOCK MARKET INDICES Friday Change KLSE COMP 716.06 +4.82 NIKKEI 225 *****.06 -l#7J2 HANG SENG dosed SET INDEX SHI -7.88 JAKARTA COMP —***** -M4 MANILA COMP —1,708.18 ♦1SJ® TAIPEI Win dosed SEOUL COMP
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  • Article
    Lock icon FINANCE
    78 1 FOREX RATES us$ s$ USS (S$ per US$) L746 £(US$/S$ per i.46I 1661 El!RO(US$/S$/E) 9S28 1.616 DM 111S 1.218 YEN 116-6 66J0 RM 1800 1177 HK$ 7500 4.468 BAHT 4182 24J8 RUPIAH 9,487 6,406 •SStolOO units PRIME RATES SINGAPORE* 5.80 KUALA LUMPUR: 7.67 JAKARTA 39.00 BANGKOK MM MANILA 11.00
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  • Article, Illustration
    Lock icon Surge in unsold homes puts pressure on prices
    859 1  -  Analysts see falls of 5-10% even though developers are loath to cut prices By Kalpana Rashiwala [SINGAPORE] Pressure is mounting on developers to cut prices as latest government figures show that twothirds of uncompleted private homes have yet to be sold as
    Source: URA  -  859 words
  • Article
    Lock icon Flextronics clinches landmark Ericsson deal
    562 1  -  It's buying Swedish giant's handphone factories in 5 nations By David Boey [SINGAPORE] Singaporebased Flextronics International, the world's third largest electronics contract manufacturer, will soon make all Ericsson mobile phones under a landmark deal with the Swedish telecom giant. The deal, whose dollar figure is
    562 words
  • Article
    Lock icon Greenspan has them all buzzing
    638 1  -  COMMENTARY Markets focus on 'zero growth' revelation, but political analysts focus on tax-cut reversal, says TJCT LEON HADAR FINANCIAL analysts are still debating Fed chairman Alan Greenspan's testimony on Thursday and the impact it will ha ve on Wall Street. But the political analysts all
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  • Article
    Lock icon S'pore's KL envoy explains PM Goh's speech
    563 1 PM did not say Malays in M'sia had not made progress [SINGAPORE] Singapore's High Commissioner to Kuala Lumpur has explained to the Malaysian Foreign Ministry that Prime Minister Goh Chok Tong did not at any point in a recent speech say that Malays
    563 words
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      Lock icon Page 1 Advertisements Column 1
      121 1 MSTOE Top Stories S'pore tops transparency study. Next Page Industrial output rises 20% in Dec. 6 Exec Arts Rent in Singapore. BmckPf spii New Asia BizWoman A towering figure in Singapore's Beijing Opera tradition. Pg 18 V im- fwww.tagheuer.com swiss MADE *%!!^E*JOf Chronograph TAG HEUER SHOWROOM TEL *****77 Atoo available
      121 words
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      8 1 WaflSt bets on half-point rate cut, Next Page
      8 words
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  • NEXT page
    • Article
      Lock icon Singapore tops transparency study
      655 2  -  It was No lfor4ofs factors in survey by PricewaterhonseCoopers' By* Anna Teo [SINGAPORE] Singapore has emerged tops in a new 35-country study of transparency in business, economic and regulatory affairs. PricewaterhouseCoopers' (PwC) Opacity Index developed from surveys of chief financial officers, equity analysts, bankers and PwC
      655 words
    • ON THE grapevine
      • Article
        Lock icon Real-time ratings
        109 2 WITH worries about a global economic slowdown on so many people's minds these days, a leading US credit rating agency has come up with something it calls real-time ratings. S&P says that by simply registering on its website, www.standardandpoors.com, Internet users can now avail themselves interactively of the
        109 words
      • Article
        Lock icon Fishing is hazardous
        116 2 IF you thought that a bomb disposal expert or nuclear power plant employee has the most risky occupations, think again. It's those who go fishing that find themselves courting death most often, according to the UN's Food and Agricultural Organisation. According to them, no less than 70
        116 words
      • Article
        Lock icon Wallop's the name
        35 2 GUESS what's the name of one of the Thai senators currently leading a campaign to hammer down one of his colleagues who's suspected of having sex with under-aged girls? Senator Wallop Tungkananurak.
        35 words
    • Article
      Lock icon Internet a major marketing challenge: poll
      700 2  -  CEOs also name competition and consolidation By] Ling Su Ann [SINGAPORE] The impact of the Internet is feist becoming one of the biggest market challenges faced by top business leaders around the world, ranking with changes in competition and industry consolidation, according to a
      700 words
    • Article
      Lock icon Wall St bets on half-point rate cut
      624 2 All bat one of 25 dealers polled see FOMC slicing rate to 5.5% next week Reuters, LATWP [NEW YORK) Financial markets are confident that the Federal Reserve will cut interest rates by another half point next week to jumpstart the US economy, according
      Reuters,; LATWP  -  624 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon FJ Benjamin expects net operating loss
      435 3  -  It cites weakness in fashion retail sector and disappointing Christmas season By Ven Sreenivasan IT will be another nail-biting year for FJ Benjamin shareholders, who had been cheered by the retailer's return to the black last year. The company yesterday said it is expecting
      FILE PHOTO  -  435 words
    • COMPANYBriefs
      • Article
        Lock icon Nobel Design bays US firm
        71 3 NOBEL Design Holdings' 80 per cent owned Buylateral.com Pte Ltd has bought the entire 1,000 shares in US-based furniture wholesaler, Target Marketing Systems. Wholly-owned subsidiary Boss Design International has also bought the first two subscriber shares of $1 each in HQO Corp Pte Ltd from
        71 words
      • Article
        Lock icon Osprey offer closes on Monday
        41 3 WORLD Shipholding Ltd, through DBS Bank, has reminded Osprey Maritime shareholders that its unconditional cash offer for all the shares of Osprey and its redeemable cumulative preference shares expires at 3.30 pm on Monday, Jan 29.
        41 words
      • Article
        Lock icon Baffles ups stakes in several firms
        106 3 RAFFLES Holdings has doubled its investment m wholly-owned RHL E-Ventures Ltd from $50,000 to $100,000. Its Australian subsidiary Raffles Corp (Australasia) Pte Ltd, has subscribed for 1.3 million shares in wholly-owned Hotels Resorts (Australasia), raising its stake to A 52.5 million comprising 2.5 million
        106 words
    • Article
      Lock icon GeneMedix surges to new high of $2.80 on thin volume
      389 3  -  By\ Ven Sreenivasan RECENTLY-LISTED biopharmeceuticals maker GeneMedix was among the top gainers yesterday as its shares leapt 24 cents, or 9.4 per cent, to a new high of $2.80. But the surge came on just 138,000 shares, leading to murmurs
      389 words
    • Article
      Lock icon Why ei-Nets IPO was not canned is a mystery
      669 3  -  HocKim'icmm andrea tan THIS year's first Internet initial public offering, eiNets, has been a dismal failure. The portal designer offered 30 million shares at 20 cents each but within minutes of its Monday trading debut on Sesdaq, the counter lost almost
      669 words
    • Article, Illustration
      Lock icon SingTel's Q3 profit to fall: analysts
      515 3  -  Rate cats to beat competitors hitting bottom line, they say By* Angela Tan SINGAPORE Telecommunications Ltd (Sing Tel), Southeast Asia's largest phone company, is likely to suffer lower earnings in the third quarter compared to the second due to keener rivalry and analysts say
      FILE PHOTO  -  515 words
    • Article, Illustration
      Lock icon SembCorp back in investors' favour
      587 5 Strong earnings growth expected this year despite possible slowdown in economy Reuters [SINGAPORE] Singapore utilities conglomerate SembCorp Industries Ltd is turning out to be a fund favourite on expectations of strong earnings growth this year despite a possible slowdown in the economy. "All the heavy
      Reuters; FILE PHOTO  -  587 words
    • Article
      Lock icon S'pore Food likely to post 25% profit jump
      466 5 Analysts see growth coming from turnaround in its abattoir business, foreign contributions Bloomberg SINGAPORE Food Industries Ltd, three-quarters owned by South-east Asia's biggest engineering company, SembCorp Industries Ltd, may report 2000 profit rose 25 per cent as its abattoir operations reverse losses.
      Bloomberg  -  466 words
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      271 3 WORLD SHIPHOLDING LTD. (Incorporated in the Republic of Liberia) UNCONDITIONAL CASH OFFERS FOR OSPREY MARITIME LIMITED (Incorporated in the Republic of Singapore) REMINDER OF FINAL CLOSING DATE UNCONDITIONAL CASH OFFERS (THE "OFFERS") BYTHE DEVELOPMENT BANK OF SINGAPORE LTD ("DBS BANK"), FOR AND ON BEHALF OF WORLD SHIPHOLDING LTD. ("WSL" OR
      271 words
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      478 4 Stocks Volume PacificCenturylOc 22,757,000 Asia Food&Prop 20,658,000 Vickers Capital 25c 12,895,000 Chart Semiconductor 26c 11,704,000 MediaRirig 10c 9,565,000 PCI 25c 7,966,000 STEngg 10c 5,815,000 NOL 5,621,000 Hyflux5c 5,492,000 MMI HldgslOc 4,637,000 Stocks Chart Semiconductor 26c 61,532,500 DBSGrp 48,297,447 OCBC 28,732,533 VentureMfg25c 23,622,800 PacificCenturylOc 22,399,725 UOB 19,306,125 STEngg 10c 15,135,100 SPH
      478 words
    • Article, Illustration
      Lock icon Koh Brothers wrt a good option in case of turnaround
      187 4  -  WARRANT WATCH By] R Sivanithy PROPERTY and construction are two sectors that are really out of favour right now. And from the looks of things, there seems to be no light at the end of the tunnel yet. Of course,
      187 words
    • Article, Illustration
      Lock icon Tech stocks fall after more Nasdaq profit warnings
      592 4  -  STOCKS r. sivanithy TECH stocks were back in the firing line yesterday after a 3.7 per cent Thursday slide on Nasdaq and a drop in the Nasdaq futures contract during Asian trading hours. Weighed down by losses in the likes of Creative
      592 words
    • Article, Illustration
      Lock icon ST Engg may see more weakness
      228 4  -  HOT STOCK By Ven Sreenivasan THE stock of defence equipment specialist ST Engineering has fallen through key support at $2.70 but is attempting a comeback, gaining four cents to $2.61 yesterday. The spike was on relatively strong volume of 5.8 million shares, though this
      228 words
    • Article
      Lock icon Market Notices
      116 4 INCHEM Holdings International has appointed Cheong Yoon Fook as senior marketing/sales manager of Intelchem Industries Sdn Bhd, with effect from Jan 22. Effective from the same date, the company's technical sales manager (domestic) Liew Hock Ann, Destry, has resigned. ♦BUYLATERAL.COM, a 80 per cent owned subsidiary of Nobel
      116 words
    • Article, Illustration
      Lock icon Greenback hits 8-week high against Sing dollar
      345 4  -  B i I comment CURRENCIES larry wee THE US dollar finally forced its way above 551.74 during the two-day Chinese New Year break as the euro, Australian dollar and New Zealand dollar fell on Thursday to their lowest versus the greenback in more
      Source: Reuters  -  345 words
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  • Article
    Lock icon BT SHARE information services
    4808 5 Nat Mm CPS LeeHwa Sap 25 10t6 1367 0.96 238 Date TY L* TV LV LeaMotal Sap 29 I 2.190 3384 030 140 Company am (Sm> <Sm) (eta) (eta) LHTHMos Sap 19 I 0.777 1.186 039 0.79 ULJ 1 L-Jacoberg Sap 12 I ***** 12.386 6.60
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Industrial output rises 20% in Dec
      491 6  -  Strong show by pharmaceutical sector offsets electronics slump By] Eugene Low BOLSTERED by a surge in pharmaceutical production, manufacturing output rose 20 per cent year on year in December despite a slowdown in the electronics industry, preliminary figures from the Economic Development Board (EDB)
      Source: EDB  -  491 words
    • Article
      Lock icon Will this diamond ever shine?
      420 6  -  Chia Hui Ping Singapore, via Internet CHEMICAL Industries (Far East) reported that its industrial diamond business in China lost $2.9 million in the six months ended Sept 30, 2000. It also wrote off a $2.2 million loan to the business. This is not the first
      420 words
    • Article
      Lock icon HDB 2000 resale deals fall short of 40,000
      667 6  -  DBA/808 STATS 1999 price hikes, shorter flat queue among reasons cited By. Andrea Tan THE market for HDB resale flats failed to clear the 40,000 psychological mark last year, falling back instead to 1997 levels, while prices dropped 4.7 per cent. Resale
      667 words
    • Article
      Lock icon Chip slump more critical to S'pore
      314 6  -  p?noh the economy gdp growth By. Eugene Low A ONE percentage point dip in global semiconductor demand would trim Singapore's expected economic growth this year by 0.9 of a percentage point to 5.6 per cent, says a DBS Economic Research report. Compared with Indonesia,
      314 words
    • Article, Illustration
      Lock icon Buoyant office prices seen for this year
      492 6  -  By: Marissa Chew THE price of office space jumped 27.6 per cent last year, leading commercial property in a strong performance. And with tight supply and continued demand, the office segment will continue to lead non-residential property in a good showing this year,
      492 words
    • Article
      Lock icon Industrial sector seen moderating
      298 6  -  By Vince Chong THE price of industrial space rose 17.5 per cent last year after a 5.1 per cent slide in 1999. But analysts are not over the moon about the recovery and predict a moderate performance this year. According to annual figures released by the
      298 words
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      Lock icon Page 6 Advertisements Column 1
      97 6 The Unique Fe as t on traditional Tim Sum during the day or re ax in a COZ y sidewalk mWm ambience while enjoying tropical uu|, seafood by night. 44 *6 At CravB, we present the fusion of a It mm modem setting and succulent seafood SEAFOOD so good, you'll
      97 words
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  • e-NEWS
    • Article
      Lock icon Taiwan's PC firms looking to telecoms, Internet
      544 7  -  Decline in global computer demand forces switch to Internet appliances and flash memory From. Macabe Keliher in Taipei AS worldwide demand for computers slows and manufacturers' margins fall, Taiwan's heavily reliant tech sector is undergoing a sea change companies are turning their back
      544 words
    • Article
      Lock icon Instinet, Monex systems get Tokyo okay
      159 7 TOKYO Bloomberg INSTINET, a venture of Reuters Pic, and Japanese online broker Monex Inc received approval to introduce computerised systems for trading Japanese securities, bypassing established exchanges. The Financial Services Agency said the companies can begin using proprietary systems, which execute trades more quickly
      Bloomberg  -  159 words
    • Article
      Lock icon STMicroelectronics says 1st-qtr sales to fall 9%
      549 7 PARIS Investments to be cat to USs2.sb this year from over USs3b last year Bloomberg STMICROELECTRONICS NV (STMicro), Europe's biggest semiconductor maker, forecast first-quarter sales will fall 9 per cent from the previous quarter, prompting it to reduce investment plans for the year.
      Bloomberg  -  549 words
    • Article, Illustration
      Lock icon Ellison's first stock sale since '96
      294 7 TECH CEOs SELLING SHARES Bloomberg [WASHINGTON] Oracle Corp chief executive Larry Ellison filed notice to sell 5 million shares valued at US$l5O million (*****.8 million), which would be his first sale of stock in the world's No 2 software maker since 1996. The sales,
      Bloomberg; FILE PHOTOS  -  294 words
    • Article
      Lock icon Intel's Barrett files to sell 400,000 shares
      269 7 Bloomberg [WASHINGTON] Intel Corp chief executive Craig Barrett filed to sell 400,000 shares in the world's largest computer chipmaker as the stock recovers from an 18-month low. Mr Barrett disclosed the proposed sale in a filing with the Securities and Exchange Commission (SEC)
      Bloomberg  -  269 words
    • Article, Illustration
      Lock icon Hacker brings down Microsoft's websites
      647 7 REDMOND, Washington LATWP A HACKER brought down Microsoft Corp's websites on Thursday afternoon, only hours after the company fixed a technician's error that had disabled its sites for a fuU day. Microsoft issued a statement decrying "this kind of illegal activity" and said it had
      LATWP; REUTERS FILE PHOTO  -  647 words
    • Article
      Lock icon Hand-held computers in big demand in US
      291 7 NEW YORK Reuters SALES of personal digital assistants in the US, such as the popular Palm Pilot, more than doubled last year, according to industry data, reflecting a bright spot in a consumer products market bruised by slowing growth in personal computers and
      Reuters  -  291 words
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  • REGIONAL news
    • Article
      Lock icon Indon central bank may clarify forex rules on Monday
      406 8 JAKARTA Dealers say Bank Indonesia may meet foreign banks to answer their queries Reuters A keenly-anticipated second meeting between officials from foreign banks and Indonesia's central bank is likely to be held on Monday to discuss complex new forex rules, dealers
      Reuters  -  406 words
    • Article
      Lock icon Pertamina to sign deals with S'pore, KL within 3 months
      529 8 JAKARTA Indon gas reserves seen lasting 50 yrs, against 20 yrs for oil Bloomberg PT Pertamina, Indonesia's state oil and gas company, said it has agreed to supply gas to Singapore and Malaysia and will sign contracts within three months.
      Bloomberg  -  529 words
    • Article
      Lock icon Manila cancels Estrada govt's order to sell 27% of San Miguel
      232 8 MANILA Proceeds to have been used to set up formers' trnst fund AFP PRESIDENT Gloria Arroyo's government yesterday withdrew plans to sell 27 per cent of Philippines blue-chip brewer San Miguel Corp, worth an estimated US$l billion (Ssl.7 billion).
      AFP  -  232 words
    • Article, Illustration
      Lock icon Lim slams naming of Anwar's prosecutor as judge
      238 8 KUALA LUMPUR AFP A MALAYSIAN opposition leader yesterday bitterly criticised the appointment, as a federal court judge, of the official who headed the controversial prosecution of ex-dep-uty premier Anwar Ibrahim. Lim Kit Siang, chairman of the Chinese-dominated Democratic Action Party (DAP), described
      AFP; FILE PHOTO  -  238 words
    • Article, Illustration
      Lock icon Philippines manages 3.9% growth in 2000
      383 8  -  Fron Al Labita in Manila THE Philippines eked out a better-than-expected 3.9 per cent economic growth last year despite a political crisis that stymied investments and consumption, a top official said yesterday. Economic Planning Secretary Dante Canlas said the year-on-year gross domestic product (GDP)
      AP  -  383 words
    • Article
      Lock icon Estrada's 'jet codes' for accounts
      196 8 AFP [MANILA] Ousted Philippine leader Joseph Estrada kept secret bank accounts numbered after famous commercial jet types, a congressman who acted as a prosecutor in the disgraced former President's corruption trial was quoted as saying yesterday. Congressman Joker Arroyo told the Philippine Daily Inquirer that
      AFP  -  196 words
    • Article, Illustration
      Lock icon Respite from the big city in Singapore
      1017 8  -  WRITER S JOURNAL If you ignore the bilateral politics, the city-state is an endearing place karim raslan JUST over two years ago, I decided to live life as a South-east Asian. I resolved not to be troubled by issues of nationality, culture, race
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      Lock icon Page 8 Advertisements Column 1
      287 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND DAM INVESTMENT PTE LTD (Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovementioned Company deemed to be held at 9 Temasek Boulevard #19-04 Suntec Tower 2. Singapore *****9 on 18 January 2001, the following resolutions were passed:1. SPECIAL
      287 words
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  • REGION world
    • Article
      Lock icon Boeing may shut plant to save US$1b
      473 9 SEATTLE Aeroplane maker also plans to cut suppliers and farm out more work, says magazine report Bloomberg BOEING Co, the world's biggest planemaker, may shut a plant near Seattle that makes the 737 and 757 models to save US$l billion (Ssl.7 billion) a
      Bloomberg  -  473 words
    • Article, Illustration
      Lock icon Major earthquake hits Indian subcontinent
      766 9 Over 700 deaths, more feared; quake felt even in Nepal and Bangladesh AP [NEW DELHI] A powerful earthquake rocked the Indian subcontinent yesterday, killing more than 700 people as it toppled buildings and houses in India and Pakistan. The 7.9 magnitude quake was also felt
      AP  -  766 words
    • Article
      Lock icon News Ltd to launch a free paper in Melbourne
      245 9 ADELAIDE Reuters NEWS Ltd, the Australian arm of Rupert Murdoch's News Corp, said yesterday that it would launch a free newspaper in Melbourne, sparking speculation of a newspaper war in the city with rival John Fairfax Holdings Ltd. A News Corp
      Reuters  -  245 words
    • Article
      Lock icon Zee disappoints with 26% profit drop
      290 9 BOMBAY Reuters ZEE, India's largest private television network, announced on Thursday a great-er-than-expected 26 per cent drop in October-December net profit because of stiff competition and slowing advertising revenue growth. Consolidated net profit fell to 473.8 million rupees (5517.5 million) from 638.8 million a
      Reuters  -  290 words
    • Article
      Lock icon China nod for 66 km bridge, possibly world's longest
      178 9 BEIJING AFP CHINESE authorities have given the green light for the construction of a bridge in the eastern part of the country that could become the longest in the world, state media said on Thursday. The planned six-lane bridge will span
      AFP  -  178 words
    • Article, Illustration
      Lock icon De Beers, LVMH to open jewellery shops in Asia
      421 9  -  USs4oom venture plans to have a dozen shops in 18 months From Neil Behrmann in London DIAMOND giant De Beers Centenary and luxury goods group LVMH Moet Hennessy Louis Vuitton plan to open flagship jewellery shops in major Asian cities under
      REUTERS FILE PHOTO  -  421 words
    • Article
      Lock icon ICICI's Q3 gain falls 6.6% on shrinking profit margins
      266 9 BOMBAY Reuters FINANCIAL services. firm ICICI Ltd, the first Indian company to list on the New York Stock Exchange, on Thursday posted a 6.6 per cent drop in third-quarter profit due to shrinking profit margins on loans. Net profit fell to
      Reuters  -  266 words
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  • WORLD news
    • Article
      Lock icon ECB officials say no pressure to cut rates yet
      415 10 DAVOS Reuters, Bloomberg EUROPEAN Central Bank officials rebuffed yesterday speculation they would have to follow the US Federal Reserve and cut interest rates sharply, insisting growth in Europe was set to remain robust this year. A day after US central bank
      Reuters,; Bloomberg  -  415 words
    • Article
      Lock icon Raft of US reports confirms slowdown
      789 10 WASHINGTON Durable goods orders report show weakness in key sectors except transportation Reuters A RAFT of US economic reports released in the past two days on employment costs, existing home sales and jobless claims and new orders for durable goods reinforced the scenario of
      Reuters  -  789 words
    • Article, Illustration
      Lock icon EC plans to probe CD price-fixing suspicions
      449 10 BRUSSELS Companies expected to be probed include EMI, Time Warner, Sony, Bertelsmann, Universal FT THE European Commission (EC) is to launch a cartel investigation into the world's leading music companies, which it suspects are fixing artificially high prices for CDs in the European
      FT; FILE PHOTO  -  449 words
    • Article
      Lock icon Japan data point to accelerating deflation
      775 10  -  Consumer prices posted biggest fall last year; another insurer seeks capital injection Frorni Anthony Rowley in Tokyo EVIDENCE suggesting that Japan's economy and financial system are headed back into rough waters continued to mount yesterday as official data revealed an accelerating pace of deflation,
      775 words
    • Article, Illustration
      Lock icon Four Grand Slams
      59 10 [MELBOURNE] Venus Williams (left) and her sister Serena congratulate each other after winning their women's double final match against compatriots Lindsay Davenport and Carina Morariu at the Australian Open in Melbourne yesterday. The Williams sisters won in three sets, 62,4-6,6-4, to achieve what few other doubles combinations
      AFP  -  59 words
    • Article
      Lock icon WorldCom may cut workforce by 15%: report
      299 10 CLINTON, Mississippi Bloomberg WORLDCOM Inc, the No 2 US long-distance telephone company, is expected to lay off as many as 11,550 people, or 15 per cent of its workforce, the Wall Street Journal reported. World Com over the next several weeks is expected
      Bloomberg  -  299 words
    • USResults
      • Article
        Lock icon Dow Chemical Q4 profit dips 9%
        121 10 Reuters [NEW YORK] Dow Chemical Co, the No. 2 US chemical company, said on Thursday its fourth-quarter profit fell 9 per cent, while warning the high raw material costs and slowing economy which hurt it last year would continue to haunt the company in
        Reuters  -  121 words
      • Article
        Lock icon Starbucks Q1 profits up 41%
        87 10 Reuters [SEATTLE] Starbucks Corp on Thursday said its profits rose 41 per cent in its fiscal first quarter, beating Wall Street forecasts, as the company continued its rapid global expansion arid raised its profit target for 2001. Net earnings for the quarter ended Dec 31
        Reuters  -  87 words
      • Article
        Lock icon Lockheed Q4 earnings dive 70%
        94 10 AP [LANHAM, Maryland] Defence contractor Lockheed Martin's fourth-quarter earnings fell 70 per cent due to the retirement of debt and lower earnings in its space systems division, but the defence contractor still managed to beat Wall Street expectations. It also issued an upbeat forecast for
        AP  -  94 words
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  • FINANCE & commodities
    • Article
      Lock icon STI Jan contract closes unchanged
      293 11  -  SGX Derivatives Tradlng/teport ST Inde*/MSCI STpore Index Seow Hock Hin Refco Singapore THE Singapore stock market closed slightly weaker yesterday, with the benchmark Straits Times Index losing 8.31 points to close barely above the psychological level of 1,900 at 1,905.89, with 18 counters advancing, 25
      293 words
    • Article
      Lock icon Palladium prices set fresh highs
      270 11 Reuters [LONDON] Palladium prices set fresh all-time highs yesterday as investors and speculators remained anxious about the reliability of Russian supplies despite a recent delivery to Japan, traders said. The palladium that landed at Tokyo international airport on Thursday was bought under term contracts between
      Reuters  -  270 words
    • Article
      Lock icon Oil prices little changed in early trade
      170 11 ENERGY REPORT Reuters [LONDON] Oil prices stood little changed in quiet trade early yesterday as traders struggled to gauge price direction amid slightly bearish short-term fundamentals before the impact of the Organisation of the Petroleum Exporting Countries (Opec) production cuts hit supply. Benchmark
      Reuters  -  170 words
    • Article
      Lock icon CURRENCY REPORT
      333 11 Reuters London THE US dollar lost some of this week's gains against the euro yesterday as the market digested US Federal Reserve chairman Alan Greenspan's sombre assessment of the slowing US economy the previous day. Analysts said Mr Greenspan's assessment that US growth may have slowed close to
      Reuters  -  333 words
    • Article, Illustration
      Lock icon Untitled
      1126 11 nrTERBAMM CROSS RATES Jan 26 AS C$ W tw nr f Htt *4 Tw H» i» H2$ttfc»s Pwo S$ f* Sir NT$ US$ Australia 0821 4.532 0.590 3.869 1154 4259 25J78 ***** 0.636 6.994 2.075 1256 32.255 27.166 0.953 4504 0.900 17.774 23.385 0574 0.546 Canada 1217 5.518 0.718 4.710
      1,126 words
    • Article
      Lock icon Untitled
      1745 11 SICOM FUTURES Jan 26 RUBBER (Mmsctasto« as at UOjai) RSS1 CONTRACTS cents/kg) ClOM «*W <¥* Heath H» Ut Wt «—M) fctowt Feb 01 »6.00 Mar 01 ***** 850 Apr 01 1» JO 400 May 01 13.00 400 RSS 3 CONTRACT (US cants/kg) VotKm Op— Month HI0I I— Stt Ihn) Mttrmt
      1,745 words
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  • STOCKS east asia
    • Article
      Lock icon Nikkei falls on selling of tech issues
      2102 12 TOKYO AFP Q Nikkei 225 -107.32 SHARE prices in Tokyo fell 0.8 per cent yesterday as investors sold Japanese technology issues following declines by their US counterparts, brokers said. The Tokyo Stock Exchange's Nikkei--225 average lost 107.32 points to close at 13,696.06, registering
      AFP  -  2,102 words
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      76 12 The Hongkong market was closed yesterday Chairperson OR CHAIR SALESPERSON? 11 H ill? J I II M H j ii I To fill your vacant positions, just call 1800-741-1883. THE ONLY PET YOU CAN'T FIND IN THE STRAITS TIMES CLASSIFIED. *'1 A v p'W j w ijMt i, J- 4hr
      76 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon KL closes higher on institutional buying
      411 13 AFP, AFX-Asia Composite Indei 4jj MALAYSIAN shares closed 0.6 per cent higher yesterday due to strong institutional buying of gaming stocks, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended up 4.02 points at 715.06. The Second Board index was up 0.28 points
      AFP,; AFX-Asia  -  411 words
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      Lock icon Untitled
      9002 13 INDUSTRIALS Cwisunw products 2001 Last Vol Day Net Cap Hiqh Low Company Salo 'OOP High Low P/E Smll 310 300 Ajinomoto 310 17.O 125.6 40 30 Anqkasa 38 -0.5 50 40 38 56.0 326 286 Apollo rood Hlq 326 10 1 326 326 7.1 130.4 350 308 Asia File 350
      9,002 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      2726 14 BONDS A WARRAMTS Jan 26 It Mi fnml U*n SZ-lHt Lot M Bar I MlOmii *<t M Cm bar Mk mob Hi# Km Company Sato ♦ar- COM) H*k Lot Mr* Mk> Plica (salts) Ratto Prtca >nria|T Lad 47 1 s Acma W*****4 1 0.5 2 2 41.0 1 300 360
      2,726 words
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      Lock icon SEOUL
      315 14 AFP CI Composite Index -35.72 SOUTH Korean shares fell 5.7 per cent yesterday with the index down 35.72 at 591.73. Volume was 440 million worth 2.6 trillion won. AFP Jan 26 Woo Anam Semi 4970 -830 Brain Tech 530 -10 Central Bank t70 unch Cheil Comm ***** 4800 Da*
      AFP  -  315 words
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      Lock icon BANGKOK
      727 14 AFP Q SET Infer -7J5 THAI share prices shed 2.2 per cent yesterday due to profit-taking by local retail investors in the banking and finance stocks, analysts said. The Stock Exchange of Thailand (SET) Composite Index fell 7.55 points to finish at 332.13 points and the SET 50 index
      AFP  -  727 words
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      Lock icon MANILA
      290 14 AFP PI Composite Index +15.00 PHILIPPINE share prices closed 0.9 per cent higher yesterday with the Composite Index up 15.0 points to 1,708.18 points. Volume fell to 4.03 billion shares but value rose to 6.08 billion pesos from 4.9 billion shares worth 826 million pesos on Thursday. AFP Jan
      AFP  -  290 words
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      Lock icon JAKARTA
      727 14 AFP C 3 Composite Index -&34 INDONESIAN share prices closed 0.1 per cent lower on profit-taking yesterday amid investor worries about possible political unrest next week, dealers said. The Jakarta Stock Exchange Composite Index closed down 0.34 points at 416.79. Volume was 659 million shares worth 153.61 billion rupiah,
      AFP  -  727 words
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      Lock icon WELLINGTON
      260 14 AFP QNZSE-40 -L 73 NEW Zealand shares fell marginally yesterday in directionless trade due to the closure for holidays of many other regional markets, dealers said. The NZSE-40 Capital Index dropped 1.73 points to 1,975.63, on turnover of NZ$BB.9 million.—AFP JmH «S coooi Advantage HDS 1.23 0.05 135 Air
      AFP  -  260 words
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  • Article
    Lock icon STOCKS sgx
    8636 15 SGZ MAZNBO ARD Transaction date: Jan 26 Or Cr M Wt 52-wk Last Vol D«y Last Quota Wv Dlv YM Nat Cap A*g High Low Company S«H COOO> Wgh Low Buyar SUf C'vf PH $mll Prtco MULTI-INDUSTRY 158 64 m e Acme 50c 65.5 -2.5 85 675 65.5
    8,636 words
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  • MOTORING
    • Article, Illustration
      Lock icon Tiger burning bright
      812 16 Waja, the first to bear Proton's new tiger emblem, compares well against others in same price class YOU know the word association game psychoanalysts are said to be fond of? Yup, that's the one where Dr Freud reads out inane terms like "cigar", "intern" and "stain" and
      812 words
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      Lock icon Call to come clean on fuel
      237 16  -  Goh Siak Joo, Singapore, via Internet I REFER to the Environment Ministry's (ENV) response to the articles "Underperforming cars: are fuels to blame?" and "ENV, oil firms in talks on sulphur content" (BT Motoring, Jan 17). In its response (published on Jan 20), ENV
      237 words
    • Article
      Lock icon Time to level COE playing field
      67 16  -  Lawrence Chong, Singapore, via Internet I REFER to the letter "Distributors not at mercy of COE prices" (Wheel Matters, Jan 20). I agree with Tei Chin Siam 1,000 per cent. It's about time the playing Field was levelled. Try bidding for a COE on
      67 words
    • BUMPER to BUMPER
      • Article
        Lock icon Nissan set to cut down palladium use
        181 16 w NISSAN Motor expects new technologies to cut the volume of palladium and other pricey platinum group metals (PGMs) used in exhaust-cleaning catalysts, Reuters reported a senior engineer at the Japanese company as saying. In recent years, carmakers have been raising the amount
        181 words
      • Article
        Lock icon Lower Asian car sales seen this year
        148 16 CAR sales In Asia this year will fell to 6.84 million units, fh*B 7.38 million last year, according to automotive research firm autopolis. Overall vehicle sales are seen at 10.66 million, down from 11.66 million. The 2001 sales trend —a result erf the
        148 words
      • Article
        Lock icon Mitsubishi plans closure of Japan plant
        79 16 mi i ouoioiu motors pians to cut prouuenon cosis ana close a major passenger-car plant in Nagoya, Japan, AFF quoted Nihon Keizai Shimbun as saying. The carmaker, which it fyfUftolidatHftg qiyler Daimler-Chrysler, will cut parts and material procurement costs 15 per cent over the
        79 words
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        Lock icon Lotus Exige rockets into town
        62 16 LOTUS agent Euro Sports Auto has launched the Exige (above). Those who are looking fora race car made road-legal may find this latest Lotus interesting The 1.8-litre 177-horsepower lightweight two-seater rockets from standstill to lOOkmh in seconds—or a mite quicker than the flagship Esprit VB-GT.
        62 words
      • Article
        Lock icon Opel chairman offers to quit
        106 16 ROBERT Hendry, chairman of GNfs Opel division, has announced that he will be tendering his resignation after failing to steer the German carmaker back to profit Mr Hendry said he will "ask the supervisory board ofAdam Opel at its next meeting at the end of
        106 words
      • Article
        Lock icon Help tor local Toyotas when in M'sia
        58 16 IF you own a Toyota, rest assured you'll be in good hands should it break down in Malaysia. Local distributor Borneo Motors has tied up with UMW Toyota Motors —the representative across the Causeway—to provide back-up service to Singapore owners. The toll-free customer
        58 words
      • Article
        Lock icon Latest TransitLink Guide now on sale
        52 16 THE latest Transit Link Guide is now available. You can pick up the 400-page guide from any major bookstore, at $1.50 per copy. To make the guide more user-friendly this time, colour bars on the side of each page differentiating the various sections have
        52 words
      • Article, Illustration
        Lock icon Use of private transport up from 1990
        82 16  -  Compiled by Christopher Tan ACCORDING to the Population Census 2000, more Singaporeans take private transport to work now than in 1990. The cohort rose from 37 per cent to 41.6 per cent, in line with higher household income. Of those who still rely
        82 words
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      107 16 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 us on 733-5271 or e-mail us at btletter@sph.com.sg.
      107 words
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      143 17 Where to wine, dine and («B&& I HAVE A PROSPEROUS START TO THE YEAR OF THE SNAKE AT PLAZA HOTEL Food For Thought line Dining nt its best 2 course meal 5J5.00 Select a starter, then main from our ala-cartc menu. I or an additional 1*5.00 sa\or an irresistible dessert
      143 words
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      32 17 Bjj Advertise in I V Wine, Dine Entertain of The Business Times I V Contact Anne Tan 740 6127 I or Amy Choo 740 1559 now. Ajgp jTijjrti yvk.^^^.l!!!™^ \m HI French
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      Lock icon Page 17 Advertisements Column 3
      27 17 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 i j»c. IV OB
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  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      860 17 11.00 Jack Jill. Cfwmwl NewmAsia 2.02 To 6.00 am: Real-time 12.00 MN Beyond Belief. 0.00 AM Headlines. Financial Data. 8.00 AM Kids Central: The 1.00 AM Bay watch. 6.02 A Special on the Phil- t Wiggles. 2.00 Just For Variety. ippines. > 'A\\ g-22 SI^ r hw He 130 Delia
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    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 2
      298 17 CRYPTIC CROSSWORD ACROSS 7 I attempt to include part of the 1 Humiliation when large number equality of measure (8) have to take a lower position (8) Notice found inside main pickle 5 Wriggle from initial question, is (8) rum shaken? (6) 12 Sudden and hasty peripatetic 9 Pattern of
      298 words
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  • NewAsiaBizWoman
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      Lock icon Playing a role in history
      1063 18  -  1992 Cultural Medallion winner Phan Wait Hong will be featured in the Chinese Opera Institute's book in relation to the development of the Beijing opera.tradition in Singapore. flHBftH DI-HOON reviews her long career CHEAH UI-HOON WHEN the Chinese Opera Institute (COI) publishes its first book
      CHRIS LOH  -  1,063 words
    • Article
      Lock icon THE PROGRAMME
      634 18  -  Compiled by Aaron Lye MUSIC Emily Saxe's Time After Time A performance by Emily Saxe as part of her Asia-Australia tour. Concert includes original material and songs by Cindy Lauper, Sting and Michael LeGrand. Music is provided by a jazz quartet including pianist Don Gomes. Feb 6-7,Bpm, Jubilee
      634 words
    • Article, Illustration
      Lock icon SPOTLIGHT
      165 18  -  -By Aaron Lye The buzz: The Real Forensic, a theatre performance based on the work of real-life forensic scientist Dr Mark Benecke, known in medical circles for his "method of how long a corpse has lain undiscovered by studying the insects on it". Plot and players: The character of
      165 words
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  • TheArts
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      Lock icon New Creation lacks energy
      718 19  -  Telok Kurau Studio's exhibition of over 30 recent works by its resident artists falls short on new themes, says YEMKA PPBPSHOTHAMAM VENKA PURUSHOTHAMAN The writer is a lecturer of art theory and arts management at LaSalle-SIA College of the Arts A BUILDING takes on the personality
      718 words
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      Lock icon Detroit museum to keep Howdy Doody puppet
      439 19 US court orders late puppeteer's family to give np famous marionette in custody battle NYT THE Howdy Doody Show went off the air in 1960, but the adventures of Howdy hardly stopped then. And now, after spending the last 40 years switching guardians
      NYT; REUTERS  -  439 words
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      Lock icon Life's NOT for Rent
      1250 20  -  The iconic Broadway rock opera 'Rent' featuring a mixed cast of Singaporeans and Filippinos is coming to Singapore next month. Its enduring appeal, as PARVATOINATAR gathers, lies in its message of living life to the fullest There's only now There's only here Give Into love or
      1,250 words
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