The Business Times, 7 April 2001

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Microfilm: NL22887
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Lock icon Masthead
    13 1 THE BUSINESS TIMES MfTA(P) 107/03/2001 SINGAPORE Internet: http://business-times.asial .com.sg/ FRIDAY. APRIL 7, 2001
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  • Article
    Lock icon MARKET SUMMARY
    153 1 Dsn L.I7QJB (-6.70) nBT-SRI mm 07L77 (-8.59) Sf naXEX FUTfJBES IMMO (-1.00) SIMSCIFOTUBES 21L80 (-1.20) STOCK KAIKET INDICES Friday Change KLSE OOMP 677.44 -14J9 NIKKEI 225 *****76 +188 RANG SENG SET INDEX dosed JAKARTA OOMP *4J4 +L87 MANILA COMP 1,471.13 +10.46 TAIPEI WPI 5,515l1I—+109i8 SEOUL COMP ***** +1153
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  • Article
    Lock icon SingTel is keen on out M1 owners
    1138 1  -  Bnt a bid will need regulatory clearance because of telco's dominant position Bui Teh Hooi Ling, Audrey Tan A CONTESTED bid for Singapore's No 2 mobile phone operator Ml now looks like a distinct possibility, with Singapore Telecommunications yesterday throwing its hat into
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  • Article, Illustration
    Lock icon Early S'pore rally fizzles out as US futures falter
    347 1  -  By R Sivanithy [SINGAPORE] Caution ahead of the release of keenlywatched US March employment numbers and a fall in the Nasdaq and Dow Industrial futures contracts yesterday robbed the local stock market of all the hefty gains chalked up on Thursday.
    Source: Bloomberg  -  347 words
  • Article
    Lock icon S'pore earnings slide seen spreading
    578 1  -  Even more traditional firms may be hit: analysts By\ David Boey [SINGAPORE] The earnings slide that has dogged electronics and technology plays is likely to escalate and hit companies with more traditional revenue streams, such as banks and aviation-related companies, market watchers said yesterday. A
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  • Article
    Lock icon US stocks fall Mowing weak jobs report
    164 1 AFP [NEW YORK] Stocks turned lower yesterday as the mood on Wall Street soured on a weak jobs report one day after a spectacular broad-based rally. The Dow Jones Industrials fell 86.31 points (0.87 per cent) to 9,831.74 and the Nasdaq tumbled 36.76
    AFP  -  164 words
  • Article
    Lock icon Ho-hum Tokyo package leaves markets cold
    1053 1  -  Economic rescue measures seen as incomplete and weakened by political compromises From, Anthony Rowley in Tokyo THE Japanese government yesterday presented its long-awaited no-surprises package of measures designed to remove the huge overhang of bad debt from the nation's banking system and to shore
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      70 1 DKBPE Top Stories Jakarta's 4-month impasse with IMF broken. Review mission next week will pave way for USs4oom in fresh loans. Next Page US-China tensions: Some signs crisis may be easing just a little. P*9 Big task for revamped HongLeong. Pg 3 Indian regulators blamed for stock woes. Pg 8
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      28 1 The Lotus Exige Read the first local road and track report on the Lotus Exige and find out why the car should come with sedatives MOTORING, Page 10
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      7 1 US payrolls/a// sharply in March, Pg 9
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      38 1 Worst not overfor dotcoms: analysts, Pg 3 t <|| ill iii I^fl k M W s *iL r>i t tales from the opera Liew Mun Leong, president of Capita Land. talks about his other passion The Arts. Back Pase
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  • NEXT page
    • Article, Illustration
      Lock icon IBM names Janet Ang to head S'pore office
      303 2  -  First woman to Ihuhl Singapore By) Raju Chellam tsiiMUAruKKj Kignt on the heels of software giant Microsoft Corp announcing its appointment of a woman to head its Singapore operations, the world's largest computer company, IBM Corp, has named a woman— Janet Ang—to
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    • Article
      Lock icon Coffin prank doesn't bother HK tycoon
      153 2 He says coffin bearing his name is 'a sick joke' AFP [HONGKONG] A Hongkong tycoon was not amused to find a home-made "coffin" bearing his name being delivered outside his hotel in a stolen van, it was reported yesterday. "It's a sick joke," Lui
      AFP  -  153 words
    • Article, Illustration
      Lock icon Li Ka-shing establishes foothold in KL's gold sector
      896 2  -  Hongkong tycoon has increased stakes in companies linked to Tem Fat Hing Fang Prom Quak Hiang Whai in Hongkong IN A move which could effectively open up another major business sector in Malaysia for Li Ka-shing, the Hongkong tycoon has increased stakes
      FILE PHOTO  -  896 words
    • Article
      Lock icon Third Voice now wants to sell its technology
      477 2  -  Move comes after foiled talks with two firms to sell the entire company From, Jennifer Lien in Silicon Valley THIRD Voice, the Singaporean-found-ed Silicon Valley dotcom which shut down its website early this week, is trying to sell its technology after discussions
      477 words
    • ON THE grapevine
      • Article
        Lock icon What's in a name? Well...
        84 2 AT A recent news conference, Capita Land Commercial's chief executive Ed Ng was addressed by reporters as Mr Ed, no less than three times, which immediately brought to mind a certain television talking horse. But the name is all they have in common. Where Mr
        84 words
      • Article
        Lock icon Dishing out fun and food
        141 2 LOOKING for something to do this weekend? Then check out the NTUC Club's Fun with Food extravaganza at Downtown East, which is located at the NTUC Pasir Ris Resort. The event —organised in conjunction with the month-long Singapore Food Festival features the largest outdoor barbecue
        141 words
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      77 2 Since 1975 our worldwide staff of over 275 multi-disciplined professionals W fl| including lawyers, chartered accountants. 0 t K chartered secretaries and bankers have MB J k V provided confidential and cost effective jA company formation in all the major low v >__ >*> v Incorporation Fees from USSSOO The
      77 words
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  • SINGAPORE companies
    • Article
      Lock icon Worst not over for dotcoms: analysts
      773 3  -  Most Internet firms face 'avoid' recommendations; somemaygobnst By. Andrew Wee INTERNET companies face even harsher times and some are likely to go broke, industry watchers say. After posting FY2OOO earnings that fell short of analysts' projections, most Net firms have been slapped with "avoid"
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    • Article, Illustration
      Lock icon KrisFlyer Sprint attracts top race horses
      194 3 SINGAPORE Airlines (SIA) and the Singapore Turf Club have attracted some of the world's best racing talent for the inaugural $1 million Singapore Airlines KrisFlyer Sprint on May 12, SIA announced yesterday. The 1,200-metre event, which will be held at the Singapore Racecourse at
      194 words
    • Article
      Lock icon US$12b debt restructure looms for Asia Pulp
      340 3 Reuters DEBT-LADEN Singaporebased Indonesian company Asia Pulp Paper Co Ltd is heading towards what could be the emerging markets' biggest corporate debt restructuring of nearly US$l2 billion (5521.6 billion). Earlier last month, it said it would stop payment of interest and principal on
      Reuters  -  340 words
    • Article
      Lock icon Big task for revamped Hong Leong
      767 3  -  ■[•MH locksiewl siow li sen SINGAPORE'S largest finance company group, Hong Leong, moved last month to consolidate and position itself as a serious player in the industry. Yet, before independent advisers have even looked at the transaction, many observers have written it off as
      767 words
    • Article
      Lock icon SembCorp sells Suzhou, Bangalore park stakes
      145 3 Reuters SEMBCORP Industries said its wholly-owned unit, SembCorp Parks Holdings Ltd, had sold its 21.38 per cent stake in Singapore-Suzhou Industrial Holdings Pte Ltd to Ascendas Land Investment Pte Ltd for $9.76 million. SembCorp's associate, Sembawang KMP Corp Pte Ltd had also sold its
      Reuters  -  145 words
    • Article
      Lock icon PCRD wins appeal in case against Canadian partner
      385 3  -  By I Conrad Raj RICHARD Li's Pacific Century Regional Developments (PCRD) has succeeded in its appeal against an earlier High Court decision that found the Singapore-listed company in breach of a joint venture agreement with a Canadian company. The overturning of the
      385 words
    • Article
      Lock icon Guinness Peat raises Inchcape Motors stake
      297 3  -  By Christopher Tan JUST weeks after it made a highly publicised offer to take over Inchcape Motors, UK investment firm Guinness Peat Group bought almost 1.3 million shares of the Singapore motor trader in the open market on Wednesday. In an announcement to the
      297 words
    • Article, Illustration
      Lock icon Bubble bursts for firms riding on hype and hope
      726 5  -  Good corporate governance, business planning, are vital By' Ven Sreenivasan THE collapse of the dotcoms and the outflow of funds from Nasdaq graphically illustrate the damage that can result from poor corporate governance and lack of proper business planning, says a
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    • COMPANY Briefs
      • Article
        Lock icon ICB withdraws credit to Ho Wah
        54 5 HO Wah Genting International said yesterday Industrial Commercial Bank (ICB) has withdrawn all facilities granted to the company in August 1999. Ho Wah said the sum of about $4.3 million owed to ICB is due and payable immediately. It did not say how it
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      • Article
        Lock icon Tat Hong expects loss to go up
        96 5 Reuters CRANES and heavy equipment distributor Tat Hong Holdings expects losses for the year ending March 31, 2001, to rise to $14.5 million. Tat Hong said in a statement to the Singapore Exchange yesterday that its performance in the second half of its
        Reuters  -  96 words
      • Article
        Lock icon Three more take up SGXAccess service
        121 5 SINGAPORE Exchange (SGX) yesterday announced that three more member companies have signed Memoranda of Intent to take up SGXAccess by the end of2ool. With the inclusion of the companies—OCBC Securities, SG Securities (Singapore) and ÜBS Warburg—there are now 12 securities trading members which can
        121 words
    • Article
      Lock icon Schroders to manage Swedish pension fund
      285 5  -  It will manage the fund's Asia ex-Japan equities with assets ofiOOmkronor By\ Siow Li Sen SCHRODERS Singapore has won the mandate to manage the Swedish Pension Fund's Asia ex-Japan equities. Lennie Lim, head of institutional marketing at Schroder Investment Management Singapore Ltd, yesterday told
      285 words
    • Article
      Lock icon LTA to select Marina MRT Line operator by year-end
      357 5  -  SMST,SBS and Tibs formally invited to submit proposals By Christopher Tan THREE listed transport operators were formally invited yesterday to tender for the right to operate the Marina MRT Line for 40 years. The Land Transport Authority (LTA) said Singapore MRT,
      357 words
  • Page 3 Advertisements
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      183 3 University Enlightening. Inspiring. That's just the courses. Wait until you meet the faculty. Hong Kong > om P etrtrve Mar *et |n g Strategy Tact>cs May 7 -11,2001 Wi' > finance tor the Non-financial Manager May 7-11,2001 J > Advanced Finance tor the Non-financial May 14 -18,2001 ""i Manager r
      183 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon STI soars on Nasdaq rally, then retreats as futures dive
      622 4  -  -ii comment STOCKS r. sivanithy NASDAQ posted one of its best-ever singleday gains on Thursday. But investors here are happier to take their money and run, judging by the fast turnaround in local stock prices yesterday once the Nasdaq and
      622 words
    • Article
      Lock icon Untitled
      326 4 wpci Yoiwii PacificCentufylOc 42,503,000 SingTel 15c 27,169,000 Hyflux5c 19,531,000 Frontline 5c 16,502,000 GES Intl Ltd 20c 15,606,000 PQ 25c 13,581,000 Omni Ind 10c 11,972,000 Integra 5c 11,585,000 Chart Semiconductor 26c 10,973,000 Econ Intl 20c 9,854,000 Stocto SingTel 15c 52,125,830 Chart Semiconductor 26c 46,163,720 SIA 45.120,300 DBSGrp 43,677,070 Datacraft 10c 40,802,857
      326 words
    • Article, Illustration
      Lock icon UOL wrt seems to be in limbo
      191 4  -  WARRANT WATCH By R Sivanithy UNITED Overseas Land's shares have continued to hold up pretty well despite the hammering the property sector has taken over the past week. Until more is known about parent UOB's plans, UOL's shares appear to be trapped within
      191 words
    • Article, Illustration
      Lock icon North Asian currencies benefit from Nasdaq surge
      503 4  -  -i I comment CURRENCIES US$ alternatives continne to hold firm against the greenback larry wee WALL Street wowed financial markets with a tremendous overnight surge, the Japanese rescue package did not contain any surprises, and most Asian units therefore suffered the fall-out but
      Source: Reuters  -  503 words
    • Article, Illustration
      Lock icon ST Engg: $2.50 critical support level
      231 4  -  HOT STOCK By' Ven Sreenivasan AFTER rising steadily for the better part of the last 18 months, ST Engineering has been recently showing a severe bout of weakness. The stock managed to edge up three cents to close at $2.52 yesterday. A total of
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  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2650 4 UNIT TRUSTS FUNDS Manager's prices (Ss):Apr 7 Abardasn Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNCFd 0.723 0.760 Global Technology Fd!** 0.532 0.559 UK Blue Chip Fdl** 0.751 0.789 American Opport Fd 0.780 0.820 Cont Euro EqtyFd!** 1.044 1.097 Japan Eqty Fdl** 1.218 1.280 Asian Fixed Income Fd 1.098
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  • Article
    Lock icon BT SHARE information service
    4477 5 Nat Mm CM Metro 24-Nov I 6.887 5.748 Ul 109 Me TY IV TV LV Miyosht B-Fet> F 6.009 7.034 2.59 3.04 C—» iUQ flta tctrt ay MMiHMgs 26*eb i xsos 0321 17 an ABR Hldgs 31-Mar P 6.565 1705 3.4 0.73 n-Ztr p 8XS4 261
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  • SINGAPORE news
    • Article
      Lock icon S'pore to grow 4.6% this year: poll
      495 6 =114 on the economy economy Reuters THE Singapore economy is expected to grow 5.9 per cent in the first quarter and 4.6 per cent in 2001, hurt by the US slowdown and global technology demand, a Reuters poll of 10 economists shows. Economists
      Reuters  -  495 words
    • Article, Illustration
      Lock icon Orchard Road's happening – underground
      486 6  - Orchard Road's happening underground Govt to give incentives for links between buildings Byi Andrea Tan IF all goes well, Singapore may have more underground shopping space like City Link Mall. To enhance the shopping experience in Orchard Road, the government is offering incentives to developers to build first and second-storey
      URA  -  486 words
    • Article
      Lock icon Private sector can play vital role in e-Asean
      358 6  -  By\ Eugene Low E-ASEAN, the ambitious plan to develop the region's information and communications technology (ICT) sector, will have to be a private sector driven initiative for it to be successful, Minister for Communications and Information Technology Yeo Cheow Tong said yesterday.
      358 words
    • Article
      Lock icon New govt schemes to woo talent
      440 6  -  Firefly to target MTI, 6 stat boards' staff, Economist Service to focus on economists By Rachel Ong THE government yesterday unveiled two initiatives to help the public sector compete for manpower talent that it needs. One is Firefly, a collaborative programme to develop talent
      440 words
    • Article
      Lock icon Correction and clarification
      57 6 In yesterday's monthly BT Golf index column in the Executive Lifestyle section, the March 2001 open market price for Laguna National Golf Club was wrongly given as $60,000. The correct price is $80,000. But the BT Golf index is unaffected at 148.78 as Laguna's open market price
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    • Article
      Lock icon No major property price swings: Mah
      345 6  -  By\ Marissa Chew PRIVATE home prices have slid about 9 per cent in nine months, but Minister for National Development Mah Bow Tan said the decline is but a small fluctuation that does not warrant government intervention. Latest flash estimates from the Urban Redevelopment
      345 words
    • Article
      Lock icon Asean trade flows growing slower than officials had hoped
      481 6  -  By i Chuang Peck Ming WITH less than a year to go before the Asean FYee Trade Area (Afta) comes into full bloom, trade flows are still not picking up fast enough in the eyes of some Asean officials. Although the
      481 words
    • Article
      Lock icon Legal Service pegs pay to market
      414 6  -  By< Conrad Raj THE Legal Service will continue to match the remuneration of the leading law firms here in an effort to retain good officers. "A commitment has also been made that this will always continue to be the case. If the leading law
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    • Article
      Lock icon Power Supply offers instalment plan for delayed bills
      517 6  -  4 months to settle each bill; scheme to cost $40m in interest expenses By' Teh Hooi Ling POWER Supply said yesterday it has made progress towards resolving billing problems and will send out backlog utility bills from the middle of this month
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      40 6 I f| Lianhe Zaobao I I More I I agricultural I I products I I imported from I I China than I I Malaysia I I in first two months I I of the year I I I L J
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  • REGIONAL news
    • Article, Illustration
      Lock icon Coming IMF visit gives Jakarta ray of hope
      800 7  -  Review mission next week will pave way for USs4oom in fresh loans From Shoeb Kagda in Jakarta INDONESIA received a welcome shot in the arm yesterday as its four-month impasse with the International Monetary Fund (IMF) was at last broken, providing a
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    • Article
      Lock icon Malaysia's industrial output growth slows in February
      200 7 KUALALUMPUR AP INDUSTRIAL production growth in Malaysia slowed in February, another ominous sign for this South-east Asian country that global demand is declining for its important electronics exports. The industrial production index rose by a weaker-than-expected 4.3 per cent in February on year,
      AP  -  200 words
    • Article
      Lock icon Shares slide for fourth straight day
      234 7 KUALA LUMPUR Foreign foods continue to diimp key bloe chips AP MALAYSIAN shares fell for the fourth straight day yesterday as foreign funds continued selling off key blue chips, shrugging off initial gains in the wake of Wall Street's overnight surge. The benchmark Composite
      AP  -  234 words
    • NOTE Book
      • Article
        Lock icon Suharto-era minister held for graft
        71 7 AFP [JAKARTA] A former top economics minister under former Indonesian President Suharto was arrested yesterday on charges of corruption, witnesses said. Ginanjar Kartasasmita served in several Cabinet posts under Mr Suharto and his successor, Dr B. J Habibie. Prosecutors had tried to serve an arrest
        AFP  -  71 words
      • Article
        Lock icon Proton recalls 42.000 Perdana cars
        72 7 Bloomberg [KUALA LUMPUR] Malaysia's biggest car-maker, Perusahaan Otomobil Nasional Bhd (Proton), said it would be recalling 42,000 of its Perdana cars because of a defect in a part made by Japan's Mitsubishi Motors Corp. The recall is the second in seven months for Proton. In
        Bloomberg  -  72 words
      • Article
        Lock icon Govt unit to fight teen hackers
        66 7 Reuters [KUALA LUMPUR] Malaysia has set up a special unit to counter teenage computer hackers who plague government websites, leaving behind calling cards like "government servants are lazy", newspaper reports here said. Mr Samsudin Osman, the government's Chief Secretary, was quoted in the reports
        Reuters  -  66 words
      • Article
        Lock icon Estrada wants court to halt trial
        79 7 Reuters [MANILA] Ousted Philippine President Joseph Estrada yesterday appealed to the Supreme Court to halt his impending trial on charges of corruption and economic plunder. If he is found guilty, he could face the death penalty. The former president's lawyers have filed a petition
        Reuters  -  79 words
      • Article
        Lock icon Foreign chief for Time dotCom
        65 7 AFX-ASIA [KUALA LUMPUR] Time dot Com Bhd intends to appoint a foreign technical expert as its new chief executive officer, the online version of Channel News Asia reported quoting outgoing managing director Halim Saad. The report quoted Mr Halim as saying that the new foreign
        AFX-ASIA  -  65 words
    • Article
      Lock icon Indon President ready to discuss roles
      240 7 JAKARTA Reuters INDONESIA'S embattled President Abdurrahman Wahid was quoted as saying yesterday he was willing to discuss political roles with three top politicians, just days after rejecting a proposal to share power. He is struggling to fend off moves to impeach him after just
      Reuters  -  240 words
    • Article, Illustration
      Lock icon Thank you, Michelle Yeoh
      1095 7  -  WRITER'S JOURNAL karim raslan AFTER three years of cringing a mix of anger, embarrassment and shame whenever my country flashed into the international spotlight, last month's Oscar ceremony suddenly made me feel proud once again to be a Malaysian. In the midst of rating downgrades and
      REUTERS  -  1,095 words
    • Article
      Lock icon US-European telecoms firm evacuates staff from Bandung to Jakarta
      290 7 JAKARTA It alleges 'intimidation' by Telkom employees for move AFP A US-European joint venture telecoms company said yesterday it had been forced to evacuate its staff of some 200 people from the Indonesian city of Bandung to Jakarta for their own
      AFP  -  290 words
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  • REGIONAL news
    • Article, Illustration
      Lock icon Indian regulators blamed for stock woes
      817 8 BOMBAY Authorities deny accusations, saying declines may not be dne to wrongdoings Reuters INDIAN financial authorities are under siege, accused of standing idly by as the nation's stock market became a gaming parlour, manipulated by speculators and rife with suspicions of insider trading. And
      Reuters; AFP  -  817 words
    • Article
      Lock icon China's 2001 growth seen at 7.5%
      207 8 Reuters [BEIJING] China's economy is forecast to grow 7.5 per cent year-on-year in 2001, pressured by slowing exports but supported by state spending, a leading government thinktank was quoted yesterday as saying. China's economy reversed a seven-year slowing streak by growing 8 per cent
      Reuters  -  207 words
    • Article
      Lock icon HK regulator inducts investor to key panel
      331 8 HONGKONG Bloomberg DAVID Webb, a former investment banker whose muckraking website is a widely read appraisal of how Hongkong companies are managed, was appointed to a major committee by the city's securities regulator. In a signal the markets watchdog may be tightening its
      Bloomberg  -  331 words
    • Article
      Lock icon HK's Feb retail sales fall 4%
      411 8 HONGKONG Falling economic growth, end of Lnnar New Tear cited Bloomberg HONGKONG retail sales fell in February to their lowest level in almost eight years as the end of the Lunar New Year holiday and concerns about slumping economic growth prompted consumers to cut
      Bloomberg  -  411 words
    • Article
      Lock icon Yen fall will hit yuan peg, says BOC chief
      120 8 mTOKYO Reuters THE head of the Bank of China said yesterday that it would be hard to maintain the yuan's current level against the dollar if the yen fell below 130 to the US currency. "If the yen falls below 130,
      Reuters  -  120 words
    • Article, Illustration
      Lock icon Residential housing sales boost Chinese property firms' earnings
      676 8 Reuters [SHANGHAI] China's property market is growing rapidly due to robust economic growth and intensified residential demand, giving a major boost to earnings of its more than 40 property-related listed companies. After languishing for the past few years from a crash inflicted
      Reuters  -  676 words
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      439 8 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) PURSUANT TO SECTION 290(1 Kb) At a General Meeting of VENTURE INVESTMENT (SINGAPORE) II LTD duly convened and held at 331 North Bridge Road 05-04/06 Odeon Towers, Singapore *****0, on 2 April 2001, the following resolutions set out below were duly
      439 words
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      369 8 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF SEAHORSE CO PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final General Meeting of the above named company
      369 words
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      14 8 72 MUSICAL INSTRUMEN Keep in tune with noteworthy buys here. The Straits Times Classified
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  • WORLD news
    • Article
      Lock icon Global funds' holdings of Asian stocks up in March
      386 9 SINGAPORE Reuters GLOBAL institutional holdings of Asian stocks were higher at the end of March compared with the prior month, showing a rise of 7.02 per cent to U*****.42 billion, data from Lipper Asia Ltd showed. The 20 biggest institutional investors
      Reuters  -  386 words
    • Article
      Lock icon KMPG plans to sue some L&H staff
      526 9 BRUSSELS Accounting firm alleges it was given false or incomplete information 9 Reuters, Bloomberg ACCOUNTING firm KPMG is suing some of Lernout Hauspie's (L&H) staff for allegedly obstructing its audit of Belgium's troubled speech technology developer. Lernout Hauspie, now under bankruptcy protection, gave
      Reuters,; Bloomberg  -  526 words
    • Article, Illustration
      Lock icon Hopes rise for end to spy plane crisis
      496 9  -  US-CHDVA TENSIONS After 2nd meeting with detained US crew, there's hope for a third From, Leon Hadar in Washington SOME signs are emerging that the spy plane crisis may be easing. The White House said yesterday that US diplomats were "moving forward"
      AFP  -  496 words
    • Article
      Lock icon US payrolls fall sharply in March; jobless rate up
      491 9 WASHINGTON Biggest payroll drop in decade sparks talk of inter-meeting rate cut by Fed THE US unemployment rate climbed in March to its highest level since mid-1999 as payrolls logged their sharpest fall in nearly a decade, the government said yesterday
      491 words
    • Article
      Lock icon CSFB removes US$10,000 dinner from its menu
      282 9 LONDON FT INVESTMENT bank Credit Suisse First Boston (CSFB) has asked its bankers to tighten their belts and keep below US$lO,OOO (S$18,000) the cost of dinners to celebrate deals. Tony James and Chuck Ward, co-heads of investment banking at CSFB, have told colleagues
      FT  -  282 words
    • Article, Illustration
      Lock icon Master's rookie shows the way in first round
      760 9 US MASTERS Woods preaches patience with course tipped to become more difficult in next three days NYT [AUGUSTA, Georgia] Not long ago, Chris DiMarco was mostly known for having an unorthodox putting grip, or for being the golfer who had a van
      NYT; AP  -  760 words
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  • MOTORING
    • Article, Illustration
      Lock icon M
      997 10 Have i told you about my skydiving, wakeboarding, sal-sa-swinging friend Eddie? Well, Eddie's always been an advocate for extreme living. As a kid, he would eat whole rolls of fruit gum at one go to give his palate a kaleidoscopic high. For all his adolescent stunts, he went on
      PHOTOS BY ARTHUR LEE  -  997 words
    • Article, Illustration
      Lock icon Pint-size pitbull
      1227 10  -  When it sinks its teeth into a comer, it never lets go. And that's what makes the 1.8-litre Exige a giant-killer, anrao chomo finds out RINGO CHONG The writer is a professional race-car driver AS a child, I was enthralled by the racing stories told by my father,
      1,227 words
    • Article, Illustration
      Lock icon Jaguar makes a date with Ricky
      441 11  -  isexclusive It is bringing in the Latino heartthrob for a one-night concert later this month, reports Christopher tam CHRISTOPHER TAN JAGUAR is sponsoring a onenight private concert by Latino heartthrob Ricky Martin on April 24 at the Raffles Hotel. According to sources, part of
      REUTERS  -  441 words
    • BUMPER to BUMPER
      • Article
        Lock icon Still raging: petrol price war in Bt Timah
        109 11 PETROL discounts are still raging along Bukit Timah Road, home to some of the richest and most famous people in Singapore. A check yesterday revealed all the major oil groups operating there were offering 10 per cent off pump rates. The Bukit
        109 words
      • Article
        Lock icon BMW recall in Japan
        106 11 BMW JAPAN says it will recall 56,583 Beemers sold in Japan for ftiel-tank defects. Bloomberg reported that the German car-maker had received 100 reports of problems with ftiel tanks, involving 14 models. Although none of the cases led to accidents, the defects could have caused ftiel
        106 words
      • Article
        Lock icon New F1 racing circuit?
        161 11 EUROPEAN Formula One race-car makers intend to create a new F1 racing circuit in order to resolve problems over broadcasting rights, Xinhua quoted Fiat chairman Paolo Cantarella, chairman of the European car makers association (Area), as saying. Mr Cantarella said the decision had been unanimous among
        161 words
      • Article
        Lock icon From the kitchen to the car
        81 11  -  Compiled by Christopher Tan SCOTCH-BRITE is commonly associated with kitchen scourers, but 3M has introduced a version with wider applications, including automotive. The Scotch-Brite High Performance Cloth employs a new microtexture technology (which took 3M nearly a decade to develop) to remove dust and
        81 words
    • Article
      Lock icon Times on upgraded Saab 9-5 were 'not right'
      243 11  -  Terence Tan Singapore, via fax I REFER to recent reviews of the upgraded two-litre Saab 9-5 in the local English media. The reports said that with an increase in horsepower, from 150 to 185 hp, the Saab's 0-100 kmh acceleration time dropped
      243 words
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      Lock icon Patronise just one petrol company, boycott the rest
      107 11  -  Chua Aik Hong Quek Jin Chin Singapore, via Internet I REFER to "One way to make petrol firms listen" (Wheel Matters, March 31). I support the idea of motorists joining forces to persuade petrol companies to lower pump prices. But instead of
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      Lock icon Revise PARF/COE rebate system
      374 11  -  Kelvin Nye Thong Teik Singapore, via Internet MOTORISTS are entitled to PARF/COE rebates when they deregister their vehicles before 10 years. The rebates can be used to offset additional registration fee (ARF), registration fee (RF) and the COE for a new vehicle. Excess rebate not used
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      Lock icon Winning letter
      31 11 THE above letter by Jacob Tan, published on March 10, wins $100 worth of Stamford Tyres vouchers. Congratulations, Mr Tan. Please contact Doris Yeo on 730-5360 for your prize.
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      Lock icon Leaving cars at home wont hit petrol firms
      109 11  -  Alvin Ng Singapore via Internet I REFER to the letter "One way to make petrol firms listen" (Wheel Matters, March 31). The plan to leave our cars at home for three days, or for that matter any number of days, will not
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      97 11 If you have something SlOO worth ot motor-related to get off vouchers. Prizes are your chest, write to us. \f\ /> j sponsored by We welcome feedback X 'J STAMFORD TYRES, and suggestions from I I r,:+» IV v. I Singapore s only readers. listed tyre and auto The AUTOMOBILE
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      40 11 Skitim; NEW DIRECTIONS From this Sunday, The Sunday Times will point the way to the best eating places in Singapore. With meatier food pages and a new hawker column, it will be your dining out staple every week. PL pooc^
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  • e-NEWS
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      Lock icon Agilent to miss sales targets and cut pay by 10%
      496 12 PROFIT WMUinro It is also halting hiring anil limiting travel to cope with slowdown in demand Bloomberg [PALO ALTO, California] Agilent Technologies Inc, a maker of test and measurement equipment for electronics, said it will miss forecasts for fiscal second-quarter
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      Lock icon Yahoo to launch music service
      351 12 SANTA CLARA, California Dnet will offer music downloads from Universal and Sony Bloomberg YAHOO! Inc, the most popular Internet search service, plans to offer later this year an online music subscription service from Vivendi Universal SA and Sony Corp called Duet. The announcement, made on
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      Lock icon Sycamore shares down
      192 12 Reuters [NEW YORK] Sycamore Networks Inc dropped in afterhours trading on Thursday after the Internet equipment maker warned third quarter earnings and revenues would not meet estimates due to weak customer orders. Sycamore, which said it would lay off 140 employees and take a restructuring charge of
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      Lock icon Human-friendly robot
      57 12 [TOKYO] A prototype of a small-sized humanoid robot, developed at the government's Humanoid Robotics Project to research application fieldsfor humanoid and human-friendly robots. The robot, 54 cm in height and 8 kg in weight, is equiped with a CCD camera for an eye and 26joints in its two
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      Lock icon Intel faces European anti-trust investigation
      648 12 BRUSSELS Competitors complain about the chip maker's marketing tactics Bloomberg INTEL Corp, the biggest computer chip maker, faces a European anti-trust investigation into complaints that its marketing practices discriminate against rivals, the European Commission said. The commission is examining the way Intel licenses the design
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      Lock icon Verizon Q1 subscriber growth falters
      226 12 NEW YORK Reuters VERIZON Wireless, the No 1 US wireless telephone services company, on Thursday reported first quarter subscriber growth that fell short of Wall Street expectations and its year-ago performance. Verizon Wireless* second quarter subscriber growth also may be soft in the range 0f600,000
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      Lock icon HK may defer 3G auction to mid-Sept
      355 12  -  ■«re time may be needed to pass laws: official From* Quak Hiang Whai in Hongkong THE Hongkong government may postpone the long-awaited public auction for its four third generation (3G) mobile phone licences to midSeptember, a senior official from the Office of the
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      Lock icon Demand for DRAMs up: Infineon
      289 12 STUTTGART Bnt snstainability of this early trend not yet foreseeable Bloomberg INFINEON Technologies AG, the semiconduc-tor-making unit of Siemens AG, said demand for computer-memory chips is picking up, which may signal an industry recovery. The company sees signs that demand for dynamic random access memory
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      Lock icon Fall in Japan's PC sales growth likely
      301 12 TOKYO Domestic sales seen growing 13% in year starting April 1 Reuters JAPAN'S domestic PC shipments are expected to grow 13 per cent in the business year that started on April 1, a marked slowdown from the previous year's 20 per cent gain,
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  • FINANCE & commodities
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      Lock icon Futures fall on short-covering
      271 13  -  SGX Derivatives Trading Report ST Indav/MSGI STpore Index Wong Ann Chuen Refco (Singapore) Pte Ltd THE Singapore stock market rose sharply in early trading after Nasdaq's overnight 8.9 per cent surge, but slid later on profit-taking. The benchmark Straits Times Index dipped 6.70 points or 0.40
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      Lock icon Futures slide on profit-taking
      231 13  -  MS& Taiwan Index Refco Singapore THE Taiwan stock market yesterday ended a four-day 7.6 per cent drop, helped by a bullish Nasdaq. The MSCI Taiwan Stock Index rose 5.38 points, or 2.23 per cent to finish at 247 points. Turnover for Taiwan stock index increased to
      231 words
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      Lock icon CURRENCY REPORT
      228 13 Reuters Irpn4ftn THE yen halved earlier one per cent losses against the US dollar yesterday after Japan reiterated it was not prepared to see its currency spiral lower. Top diplomat Haruhiko Kuroda said Japan would take action in markets if current trends continued. Dealers were particularly wary of
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      Lock icon Untitled
      1154 13 PTTBEBAMMCEOSSKATES AS C$ >■> Bw Fir Pb MK$ iy j» Ytw Won KM l>Z$ ft* is N«o SS tmt Sir NTS Bafct Pom* US$ SSf 0-775 "2 l 5D 1850 aW2SUM 0 6,5 1876 *****0.468 ***** 0.896 1992 0.837 ********** 0.345 0.494 EE? 5283 15 «*f ***** 69,96 O- 794
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      1817 13 EgcoMroiSB^ :w Apr 6 RUB8ER (futures closing as at 5.30pm) RSS1 CONTRACTS cents/kg) Close VotWM Oft* Worth High lam Srtt (tows) hrterest May 01 105.00 400 Jun 01 106.50 800 Jul 01 107.00 250 Aug 01 107.50 250 RSS 3 CONTRACT (US cents/kg) VofcMM Open Month High low S«tt (tomes)
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  • STOCKS east asia
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      Lock icon HK rides on US rally, but undertone is still cautious
      2862 14 HONGKONG AFP PlHangSeng ****** HONGKONG share prices rose 2.7 per cent yesterday following huge gains on Wall Street, dealers said. The key Hang Seng Index gained 322.90 points to close at 12,386.61 on turnover of HK$B.69 billion. The market was
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      Lock icon Tokyo ends flat on package disappointment
      2064 14 TOKYO AFP PißktaiißS +138 SHARE prices in Tokyo ended only marginally higher yesterday as the boost from a surge in US share prices was offset by disappointment in the government's emergency economic package, brokers said. The Tokyo Stock Exchange's Nikkei Average closed up 2.38
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      Lock icon CHINA
      1093 14 AFP ITI Shenzhen Binder -£55 CHINA'S Shenzhen B Share Index slipped 3.55 points, or 1.05 per cent, to 333.12 yesterday. Shanghai B shares edged up 1.1 per cent in thin trade with most retail investors sidelined while waiting for clear direction, dealers said. The Shanghai Stock Exchange's B Share
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      Lock icon TAIPEI
      379 14 AFP Hwp Index ****** TAIWAN share prices closed 2 per cent higher yesterday following Wall Street's strong rally, analysts said. The Taiwan Stock Exchange Weighted Price Index rose 109.28 points to 5,515.15, on turnover of NT582.98 billion. "Sentiment was bolstered by Wall Street's strong rally overnight, particularly with the
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  • STOCKS klse
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      8983 15 mimns 2001 '"lST* Day Nat Cap MH> Low Canipawy Mt '000 Hlfh Low P/t $mH 340 290 Ajlnomoto 290 unci) 1 290 290 8.7 117.5 45 243 Angkasa 28 -2 II 28 28 413 342 286 Apoao Food Hlg 290 unch 1 290 290 63 116.0 356 300 Asia Fa*
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      Lock icon M'sian shares hit by continued foreign selling
      386 15 AFP POamposite later -1430 MALAYSIAN shares closed 2.4 per cent lower yesterday as foreign investors continued to dump their holdings, dealers said. The Kuala Lumpur Stock Exchange Composite Index shed 14.30 points to finish at 577.44. The Second Board Index slipped 0.50 of
      AFP  -  386 words
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      26 15 It's amazing what you can find in the treasure chest that's Lianhe Zaobao Classified, mff/i Search through it and you could be the next satisfied collector.
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  • SGX clob & regional stocks
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      2632 16 BOHPS WARRANTS W Wrm$ M bpky HI If Ulimitl *n iuaed Cam bar Mk HUa f *w ctttt m* Im NTW Mi Mw Culm Mm <%) Um*t2 L«w 40 0.5 S Acma W*****4 0.5 0.5 1 410 1 300 591 87 00 3 22 2.5 S AHTech W*****7 3 £5
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      Lock icon SEOUL
      311 16 AFP Index +12,53 KOREAN stocks were up 2.5 per cent. The index closed up 12.53 points at 506.22. Volume was 369.5 million shares at 1.7 trillion won. —AFP A»r6 »o« AnamSemi 4250 .265 Brain Tech 540 unch Central Bank 170 unch CheilComm ***** 1000 Da* Cu Bank 1405 35
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      Lock icon MANILA
      282 16 AFP Composite Index *10.46 PHILIPPINE share prices rose 0.7 per cent yesterday after the rally in the US stock market, brokers said. The Philippine Stock Exchange Composite Index added 10.46 points to 1,471.13. Volume rose to 276.27 million shares worth 712.84 million pesos. —AFP «M NM (OOP) Abacus Construction
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      Lock icon WELLINGTON
      262 16 AFP QNZSE-40 -12J6 NEW Zealand shares closed down 0.6 per cent yesterday led by Independent Newspapers after a major shareholder sold his stake in the company, dealers said. The NZSE-40 Capital Index closed down 12.16 points at 2,047.82. Volumes were at NZ$2Ol million. —AFP »< «t cooe) Advantage HDS
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      Lock icon SYDNEY
      537 16 AFP All Ordinaries +IL4 AUSTRALIAN shares closed 0.4 per cent higher yesterday, propelled by optimism in US markets, brokers said. The All Ordinaries Index closed 11.4 points higher at 3,175.5, while the SP/ASX 200 Index gained 12.7 points to 3,233.3. The All Resources Index edged three points higher to
      AFP  -  537 words
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      Lock icon JAKARTA
      738 16 AFP Composite ladei +LB7 INDONESIAN share prices closed up 0.5 per cent yesterday, recovering slightly from recent sharp falls after strong gains on Wall Street. The Jakarta Stock Exchange Composite Index was up 1.87 points at 364.34 on 442.5 million shares valued at 228.62 billion rupiah. Yesterday's rebound was
      AFP  -  738 words
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      45 16 I A weekly must-read for property buyers and sellers every Thursday I I Thkßisi.xkssTimks H The Banghofc market was dosed yesterday Don't on business opportunities. r/^Vi Score big with the Chinese-speaking fff^vl sector in Lianhe Zaobao Classified. Call 1800-744-7888 to book your ad now. #3STft
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  • Article
    Lock icon STOCKS sgx
    7837 17 SGXMAIMBOARD S2-M Lad Vol On latOMi Mv Bh «M Mat HNfc tarn conw Sal. +<- rm w» Uf —yr S*r Cw Wt sH wS MULTI-INDUSTRY f v v x 1 153 39.5 c AcmaSOc 43.5 cd *1.5 370 44.5 43 42.5 43 0.5 19.9 0.6 114 75.5 41
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  • The Arts
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      Lock icon Tales from the opera
      1181 18  -  Liew Mun Leong, president and CEO of Capita Land, talks to johh qee about his other passion besides property Chinese opera JOHN GEE HE is known more for spinning major property deads than talking about stage make up and the simple joys of a young boy
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      Lock icon Not necessarily bamboo
      843 19  -  Malcolm Koh infuses his Chinese brush with a modernist tint, and shows susam tsano a different kind of classical SUSAN TSANG A VISIT to Malcolm Koh may be a little confusing at first. This Chinese classical painter and art collector also boasts an impressive collection of Yuan
      843 words
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      Lock icon Chinese wayang: a unique art form
      933 19  -  By, John Gee CHINESE opera came to Singapore with the stream of migrants from China who set out to earn a living here in the 19th century. Opera troupes were formed by clan associations which reproduced the operatic traditions of the Chinese regions in
      PHOTO OF LIEW MUN LEONG BY CHRIS LOH  -  933 words
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      Lock icon The call of the abstract
      715 19 Waldemar Kolbusz tells AARON LYE why he favours abstract art A CHALLENGE that's what Australian artist Waldemar Kolbusz thinks abstract art is. Born in Perth in 1969 to Polish immigrants, Kolbusz never really expected to enter the arts on such a big scale. Said the
      715 words
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      Lock icon Best of show
      1534 20  -  SINGAPORE INTERNATIONAL FILM FESTIVAL Social oppression in Iran, or dualities in Taiwan? Potato peelers or lesbian strippers? parvathx NA7&R sifts out the best of the Singapore Film Fest, with the help of festival director Philip Cheah PARVATHI NAYAR THREE hundred and fifty films from 45 countries over
      1,534 words
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      Lock icon Resolution on a rooftop
      471 20  -  Imaginarts' Sparkleshark is a sparkling comedy off errors with a message By Aaron Lye IN the wake of the Ml-TNS Youth Connection and the Act 3 Prudential Children First! theatre festival comes yet another production geared towards teenagers: Imaginarts' Sparkleshark, initially written by British playwright Philip
      471 words
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      Lock icon SCREENING SCHEDULE
      761 20 12 April, Thursday 7pm Season Of Men, GVI Perfect Son, GV3 GV4 City Paradise, GV6 9.15pm Kennedy and I, GV3 GV4 Audition, GV6 13 April, Friday 11am Water Drops On Burning Rochs, GV6 2pm One More Day, GVI Water Drops On Burning Rocks, GV6 Experimental Shorts, AF 4pm
      761 words
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      Lock icon Portraits of the Philippines
      577 22  -  Benedicto Cabrera progresses from an age of darkness to one of cultural identity By- Aaron Lye WITH a series of paintings that was first inspired by photographs of the Spanish and American wars in the Philippines, one would expect Filipino artist Benedicto Cabrera to be somewhat
      RICHARD CHNG  -  577 words
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      101 18 i *7... .-.v.. }■> >t ~M 'i f-. l >.' f f l ,t* 3,-S. -;V n. &JfssQr. than J DATE 9 th 10 th April 2001 j PROGRAMME TIME 8.00 pm Brahms Scherzo VENUE: Jubilee Hall, Faure Sonata for Piano and Violin Raffles Hotel A Major opus 13 I
      101 words
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  • Article
    Lock icon THE PROGRAMME
    708 21  -  Compiled by Aaron Lye MUSIC Music Box 2001 A musical concert with performances which have different themes each night based on traditional, fantasy or new musical endeavours. April 6-8, 7:3opm-10:30pm, Singapore Art Museum. Tickets at $15 and $10 (students) available via phone at *****11 or email musicbox@esplanade.com.sg 1
    708 words
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    Lock icon SPOTLIGHT
    133 21  -  Byi Aaron Lye The buzz: Jeeva, meaning "life", a dance performance that blends Indian classical dance with ancient martial arts techniques, while adding a touch of the contemporary. Plot and playors: Jeeva is a three-dance performance, performed by dancers Priyadarshini and Raka. The k performance was choreographed by Priyadarshini,
    133 words
  • Article
    Lock icon Art beat
    1442 21  -  A bite-sized roundup of the weekly arts scene Compiled by Cheah Ui-Hoon PREVIEW Pumas and all THE wildly popular Great Moscow Circus returns to Singapore for the fifth time, now at an MRT station near you. Sixty-five stars of the circus will be touring the island for three
    1,442 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      746 21 n/i ii i ii I ni.ami AM Kids Central: The 1100 VHI Pop Up Vl s 0# jV£ s Graphic Head- 12.00 NN Racing Digest (2nd /JVlk an Sma ™'Slc^iS vXk i£ s -c^se..,^ IMO The Powerpuff Girls. £g 7J# Bm "71 10J0 Pokemon. Desert Circus. rroressor Barry Buz- 3JJO
      746 words
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 2
      292 21 CRYPTIC CROSSWORD ACROSS 4 Race cards given to one better 1 Rescuers look to have some (8) fun (6,5) 5 Book of the Year? (6) 9 \Notk in bed during this en- 6 Inform William (4) forced office absence? (9,5) 7 A couple of implements used 11 Revolutionary line of
      292 words
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  • New Asia Biz Woman
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      Lock icon Paying it forward
      1306 22  -  'From the time I was fonr to eight, I was the unofficial SSO flower girl -1 was giving flowers after each concert.' Violinist Lee Huei Min puts her prodigious talent to good use, with charity concerts and outreach work for kids. johm gee meets the young performer
      CHRIS LOH  -  1,306 words