The Business Times, 1 September 2001
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2001-09-01
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The Business Times
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Title Section14 2001-09-01 1 THE BUSINESS TIMES MITA (P) 107/03/2001 Internet: http://business-times.asial.com.sg/ SINGAPORE SATURDAY, SEPTEMBER 01, 2001 85C14 words
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Article79 2001-09-01 1 Dsn 14UJ2 (+3.38) BT-SRI MSJI (+8.47) ST INDEX FUTURES 1,602 (-20.00) siwsnr FUTDSES ***** (-2.90) STOCK KASKET INDICES Friday Change KLSE OOMP dosed NIKKEI 22a 10,***** -224J4 HANG SENG 11,990.48 -225.15 SET INDEX JS5J7 +195 JAKARTA COMP _435i6 +L23 MANILA COMP _1.265.44 +2i3 TAIPEI WPI 4509.44 *5.58 SEOUL79 words
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Article81 2001-09-01 1 FOREX BATES uss s* USS (SS per USS) 1.788 £(L"SS/SS per 1.462 1540 EURO(l"S&SS/E) 0.919 1596 DM 2.129 1225 YEN 118 J 68.40 RM 3J00 2.187 HKS 7.800 4.489 BAHT 44.04 2534 RUPIAH 5,096 *S$ to 100 units PRIME BATES SINGAPORE* 580 UIALA Ll'MPTR 7.67 JAKARTA 99.CM) BANGKOK 95081 words
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634 2001-09-01 1 Angela Tan - Bank Negara gives approval, making offer unconditional By. Angela Tan [SINGAPORE] United Overseas Bank (UOB) has won acceptances representing a 90.08 per cent stake in Overseas Union Bank (OUB) as at spm yesterday which means it can now proceed to delist OUB and close634 words
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1080 2001-09-01 1 Kalpana Rashiwala - Residential rates down 3-8%; cnts are more widespread than previous round By 1 Kalpana Rashiwala [SINGAPORE] Development charges payable to the state before a site can be redeveloped were cut yesterday by 10 per cent on average for commercial and industrial1,080 words
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Article, Illustration539 2001-09-01 1 Christopher Tan - Dip comes despite wider choice, more COEs in segment By i Christopher Tan [SINGAPORE] It may not be the best economic indicator, but the market share of big cars has fallen this year after a 10-year growth track marred by onlyCompiled by BT - 539 words
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Page 1 Advertisements
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Advertisement75 2001-09-01 1 INSIDE Top stories SembCorp not buying Salim's Riau assets. Next Page Agilent axes 300 staff from S'pore operations. Next Page Sing Tel shares ride on Aussie index inclusion. Pg3 Sales at Robinsons Centrepoint down 10-12%. Pg 4 ST Telemedia unit shuts HK data centre ops. Pg 8 Wave of selling75 words
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Advertisement165 2001-09-01 1 DBS Bank the right partner for OCBC: NTU study, Pg 3 Gokongwei rules out hostile UIC bid for now Next Page The APP saga: a web of debt, disillusionment Page 5 i J VHh I BT COMMENT Police state versus Islamic state? Karim Rasian. Page 10 I 'ifr mhmi i165 words
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978 2001-09-01 2 Andrea Tan, Al Labita - Gokongwei rules out hostile UIC bid for now JG Summit baying because UIC shares are cheap, he says Byi Andrea Tan, Al Labita PHILIPPINE conglomerate JG Summit yesterday ruled out a hostile bid for diversified Singapore-based United Industrial Corp (UIC) for now despite recent purchases which have taken it ever978 words
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Article77 2001-09-01 2 THE headline of yesterday's report "Govt releasing two more plots from reserve list" gave the wrong impression that it is releasing the two sites for tender. The government is only making the two sites available for application by developers. The sites at Segar Road and Enggor Street will be77 words
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313 2001-09-01 2 Tang Weng Fai - By 1 Tang Weng Fai [SINGAPORE] The Singapore operations of US-based Agilent Technologies Inc axed 300 of its 3,600 jobs here yesterday. Some staff were told of the move yesterday while others have to wait till next week. Speaking to BT, spokeswoman313 words
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673 2001-09-01 2 Shoeb Kagda - Ibra will open the sale globally; teasers will be oat next week From I Shoeb Kagda in Jakarta SEMBCORP Industries yesterday ended days of intense media speculation with its final answer to the Indonesian government: It will not increase its stakes in several673 words
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ON THE grapevine
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Article60 2001-09-01 2 SINGAPORE Telecom is paying billions of dollars for Optus of Australia, but this does not mean that its management is not sweating the small expenditures. Two businessmen on different trips have reported seeing SingTel CEO Lee Hsien Yang flying economy class. This is good news for60 words
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Article78 2001-09-01 2 TRANSPORT operator Tibs has a thing or two to teach us about service recovery. Following Wednesday's disruption of the entire light rail transit (LRT) network at Bukit Panjang, service on the light rail had not resumed as at Thursday morning. But during rush hour that morning, there were78 words
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Article92 2001-09-01 2 A PHOTO album showing "everything" about Japanese Prime Minister Junichiro Koizumi and aimed at his female fans will hit store shelves next Thursday. KOiZUMi, the first photo album ever to be published featuring a Japanese prime minister while he's in office, will have a first print92 words
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Page 2 Advertisements
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Advertisement497 2001-09-01 2 ALLGREEN PROPERTIES LIMITED (Incorporated in the RepubJic of Singapore I hotf ywrwddSoT onnoun<e foHow n 9 unaudited resuhs °f the Company and of Hie Group for the 2001 2000 2001 2000 1 UNAUDfTED RESULTS FOK THE HALF YEAK ENDED 30 JUNE Ss S, o Ss ***** Turnover 165,974 153,486 25,401497 words
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Advertisement10 2001-09-01 2 PROPERTIES The Straits Times Classified. PJjJ Classifications 402 568. kvk.Mk.FUk.10 words
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SINGAPORE companies
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Article, Illustration548 2001-09-01 3 Teh Hooi Ling - Talk also of bigger MSCI weighting four Sing Tel honchos join Optns board By Teh Hooi Ling SINGAPORE Telecommunications shares continued its winning streak yesterday, rising 8 cents or 4.1 per cent to $2.02 on news of its inclusion in Australian indexes andFILE PHOTO - 548 words
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281 2001-09-01 3 Andrea Tan - By Andrea Tan ALLGREEN Properties yesterday turned in a 2.8 per cent drop in interim net profit to $39 million and said full-year earnings will be less than last year's $102 million. "Sentiment in the property market remains weak going into the second half of281 words
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222 2001-09-01 3 Reuters UK-BASED hotels group Millennium Copthorne Pic yesterday reported a 14 per cent fall in half-year profit and said it was cautious on prospects for the second half, with the US and UK hotel markets continuing to be chaUenging. M&C, 52 perReuters - 222 words
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483 2001-09-01 3 Serena Ng - %1 Serena Ng CHARTERED Semiconductor Manufacturing said yesterday it still expects the semiconductor cycle to bottom out in the second half of this year. But at the same time, it reaffirmed its third-quarter loss projection and lowered its revenue target. On July483 words
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481 2001-09-01 3 Ling Su Ann - QFB applications close with no-show from HL Bank and Bank of India By Ling Su Ann APPLICATIONS for the remaining two qualifying full bank (QFB) licences closed yesterday and at least four banks Hongkong and Shang hai Banking Corp. Maybank. American Express Bank481 words
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204 2001-09-01 3 HOTEL Properties Ltd (HPL) said first-half net profit jumped 136 per cent to $16.9 million, boosted by a development project. Turnover rose 48 per cent to $256 million. The increase in turnover as well as profit came mainly from the Cuscaden204 words
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499 2001-09-01 3 Anna Teo - By Anna Teo IF the Singapore market can support only two big local banks, then efficiency measures suggest DBS Bank should acquire OCBC Bank, a study says. In an update of his recent study on the efficiency of Singapore banks. Nanyang Technological University economist499 words
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299 2001-09-01 3 REPUBLIC Hotels Resorts said yesterday first-half net profit feU 8.3 per cent to $7.5 miUion, as currency fluctuations ate into earnings. Turnover was also 1.2 per cent lower at $116.9 miUion, while earnings per share slipped to 1.5 cents299 words
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768 2001-09-01 3 christopher tan - HOCKlf.MilcMia christopher tan THEY have never been as glamorous as Singapore Airlines or Creative Technology. And punters tend to give them as much attention as used Toto tickets. But when the market hits the doldrums. they are the ones that seem to retain some bounce.768 words
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COMPANY Briefs
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50 2001-09-01 4 MAINBOARD LISTED Ban Joo Co announced that it will acquire a new warehouse in Benoi Road for $2.7 million. Currently its additional stocking needs are met through rented warehouse space. The new facility will save some rental costs of about $480,000 a year.50 words
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115 2001-09-01 4 MAINBOARD-LISTED Metalock (Singapore) Ltd announced that the business operations of two of its subsidiaries, Metalock Oilfield Services Pte Ltd (MOFS) and Metalock Marine Pte Ltd (MMPL), will merge from today. This will result in costs savings and more efficient use of resources. The115 words
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101 2001-09-01 4 AURIC Pacific Group reported a net loss of $6.4 million for the six months ended June 30,2001, compared with a profit of $2.4 million a year ago. The key factors were an unrealised loss of $6.2 million arising from the revaluation of quoted investments101 words
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74 2001-09-01 4 SSANGYONG Cement (Singapore) said first-half2ool net profit fell 79 per cent to $2.9 million. Group turnover fell by 31 per cent from $42.7 million to $29.4 million. The company said the local construction sector continued to languish in the first half and demand for74 words
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84 2001-09-01 4 SEMBAWANG Kimtrans' first-half net profit fell 2 per cent to $2.03 million. Turnover increased by 20.7 per cent to $26.8 million. Growth in turnover for its marine and mining logistics division was mainly due to an increase in the volume of coal transportation services84 words
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62 2001-09-01 4 SINGATRONICS Ltd said it will report an operating loss for the six months to June and expects to register an operating loss for the full year. The company had previously said it expected to be profitable this year although its results were unlikely to be better62 words
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40 2001-09-01 4 Reuters SAMUDERA Shipping said first-half net profit was down 35 per cent to $8.02 million. Turnover was $242.34 million compared with $200.47 million. It expects its profitability to decline for the full year. ReutersReuters - 40 words
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Article, Illustration637 2001-09-01 4 Kalpana Rashiwala - Drop, which had been expected, was due to new Raffles City store By] Kalpana Rashiwala SALES at the Robinsons store at Centrepoint have fallen 10 to 12 per cent since the new Robinsons store at Raffles City opened in mid-March this year. Robinson Co637 words
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306 2001-09-01 4 Serena Ng - Serena Ng MINORITY shareholders of loss-making Inno-Pacific Holdings yesterday managed to get four of their nominees elected to Inno-Pac's board in a continuation of the firm's annual general meeting that had been adjourned from May 31. The four new directors Ong306 words
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462 2001-09-01 4 Andrea Tan - Gain from disposal of Johor factory; other asset sales planned By, Andrea Tan LISTED construction firm Seatown Corp Ltd is likely to book an extraordinary gain of over $4 million for the year ended September from the disposal of its can-making factory in Johor,462 words
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Article4150 2001-09-01 4 Net earn CPS MCl Land 31-Jul I 9.05 9.006 2.5 2.4 t T* LY TY LY Meiban Grp 15-Aug I 2.064 2.141 228 2.46 Company ann <$m) (ct«) (cts) Metro HMgs 25-Jun P 15.115 18J 2.88 1.46 MIT 22-Aug I 6.63K 0371 3.021.021 ACE Oynarmcs IS-May4,150 words
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APP saga
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Article, Illustration3324 2001-09-01 5 Michael Shari - APP's default on its US$ 13.4b of debt dealt a blow not just to investors who bought its bonds and shares, but also to confidence in Asian coroorate finance By Michael Shari in Singapore OF the many phone calls Singapore-based fund manager Julia Ho1997 FILE PHOTO - 3,324 words
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SINGAPORE markets
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Article, Illustration173 2001-09-01 6 R Sivanithy - WARRANT VATCH By\ R Sivanithy THE local market is a funny creature. The likes of Singapore Land can trade way below their asset values or sell for single-digit price-earnings multiples for months but mention a takeover possibility, and suddenly a stock is re-rated. Speculation that parent173 words
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Article, Illustration229 2001-09-01 6 Serena Ng - HOT STOCK Byi Serena Ng CREATIVE Technology's stock has been badly hit by poor sentiment for tech stocks generally, slumping to a 52-week low of $12.70 over the past week. The counter ended unchanged at $12.90 yesterday on a volume of 148,000. For the past229 words
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Article, Illustration616 2001-09-01 6 r. sivanithy - l-l I comment STOCKS r. sivanithy THE Straits Times Index yesterday narrowly avoided a fourth consecutive loss, thanks mainly to a further rebound in Singapore Telecom which brought it above the $2 level. But except for renewed vigour in China616 words
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Article, Illustration551 2001-09-01 6 larry wee - CURRENCIES I-I I comment An eventual test of farther lows at 115 yen and 551.72 cannot be rnled ont larry wee THE US dollar tumbled to its lowest level in more than six months against the Singapore dollar as it fellSource: Reuters - 551 words
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Article334 2001-09-01 6 Stocks Volume SingTel 15c 32,564,000 UniFood HK25c 29.374,000 Autron 17,902,000 UIC 11,917,000 CaprtaLand 9,445,000 CyberVIII 5c 7,224,000 PNEIndlOc 7,111,000 Parkway H 25c 6,548,000 Hotung Inv NT5 5,129,000 People's Food HGK 50c 4,811,000 Stocks SingTel 15c 65,039,365 DBSGrp 24,007,370 City Dev 50c 22,781,145 Chart Semiconductor 26c 20,977,910 UOB 20,843.500 VentureMfg25c 19.094.600334 words
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Article3436 2001-09-01 6 UNIT TRUSTS FUNDS Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: China Opportunities Fd!** 0.866 0.910 Global MNC Fd 0 649 0 682 Global Technology Fd!** 0 4% 0.522 UK Blue Chip Fd!** 0 709 0.746 American Opport Fd 0.740 0.778 ContEuroEqtyFd!** 0 960 1.009 Japan EqtyFd!** 1.010 1.062 Asian3,436 words
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SINGAPORE news
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Article, Illustration208 2001-09-01 7 Ling Su Ann - on the economy bank loans By Ling Su Ann SINGAPORE bank lending eased in July to $159.8 billion, ending three consecutive months of expansion. According to the latest data from the Monetary Authority of Singapore, non-bank lending dropped about $700 million in July, from $160.5Source: Dept of Statistics - 208 words
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255 2001-09-01 7 FROM the final week of October, CPF members can start withdrawing their net realised profits made on investments under the CPF Investment Scheme-Ordinary Account (CPFIS-OA) scheme for the period from Oct 1,2000 to Sept 30,2001. The five CPFIS banks DBS Bank,255 words
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293 2001-09-01 7 Targeted at those 40 and above, it aims to highlight opportunities in the service sector IT'S not too late to make a career transition, and the service sector presents many opportunities for those ready to take up the challenge, Manpower Minister Lee Boon293 words
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Article, Illustration88 2001-09-01 7 ON the up and up may sound cliched, but Accenture's Singapore office has taken the expression to new heights. From tomorrow, it will operate from the 32nd to the 35th storeys of Raffles City Tower. Previously, its office was on the 14th, 17th, 18th and 19thARTHUR LEE - 88 words
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408 2001-09-01 7 Eugene Low - Eugene Low DESPITE the gloomy economic outlook, visitor arrivals in July edged up one per cent year-on-year to 714,193. Figures released by the Singapore Tourism Board (STB) yesterday also show arrivals rose 0.7 per cent for the period from January to July. The408 words
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556 2001-09-01 7 Chuang Peck Ming - Education is key to new economic strategy's success, says PM Goh By i Chuang Peck Ming IN a key move to roll out its new economic strategy, the government will spend an extra $1.5 billion a year on education to lay a556 words
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267 2001-09-01 7 Chua Hui Min - By Chua Hui Min A WEBSITE to settle out-of-court cases online will be launched by March next year. It will provide for tele-conferencing, Internet chat and secure email so that mediation, arbitration and "med-arb" mediation followed by arbitration can be conducted online. These are267 words
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441 2001-09-01 8 Tang Weng Fai - i-STT cites weak demand due to downturn; all 70 staff retrenched Byl Tang Weng Fai i-STT Pte Ltd, the data centre and hosting business arm of Singapore Technologies Telemedia, has closed its operations in Hong Kong, citing adverse business conditions. All 70441 words
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Article286 2001-09-01 8 Teri Tan Teow Tee (Ms - MAiLi«T*ry Teri Tan Teow Tee (Ms) Assistant General Manager Customer Service Department Central Provident Fund Board WE refer to the letter "Let CPF funds be used for life policies" by Anna Koshy nee Mathews (Mailbag, Aug 27) who suggested that CPF savings be allowed to286 words
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149 2001-09-01 8 Yang Chye - Yang Chye Managing Director GYC Financial Planning P/L I REFER to your editorial "Insurance versus investment" (BT. Aug 28). You may like to know that buying term is not a cheap option. The advice of "buying term and invest the difference" is not good149 words
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499 2001-09-01 8 M Bhaskar Singapore - M Bhaskar Singapore YOUR Hock Lock Siew column, "Curious Chemical Industries cash call" (Aug 9) raised a number of interesting questions about the unusual proposed rights issue by Chemical Industries (Cheml). On Aug 15, Cheml announced the redevelopment of Lion Plaza in London,499 words
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Page 7 Advertisements
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Advertisement1117 2001-09-01 7 AURIC PACIFIC GROUP LIMITED RESULTS FOR THE SIX MONTHS ENDED 30™ JUNE 2001 The Directors of Auric Pacific Group Limited announce the following unaudited results for the six months ended 30th June 2001 PROFIT A LOSS STATEMENT GROUP COMPANY 30 Jun 2001 30 Jun 2000 Change 30 Jun 2001 301,117 words
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FINANCE
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328 2001-09-01 8 C K Lau Refco Singapore - ST Xndeg/MSGI Stare Index C K Lau Refco Singapore SINGAPORE shares ended a touch higher yesterday as telecom giant Sing Tel posted hefty gains despite the slump in US markets overnight. The benchmark Straits Times Index closed at 1,619.12 points, a mere gain of328 words
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Article229 2001-09-01 8 Daniel Wong Refco Singapore - MSCI Taiwan Index Daniel Wong Refco Singapore TAIWAN stocks traded mixed yesterday as banks and insurers rose, while tech stocks fell. The MSCI Taiwan Stock Index shed 0.12 point, or 0.06 per cent, to close at 210.41, with the turnover at 926.02 million. There were 14229 words
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Article223 2001-09-01 8 Reuters 1 n nd n n THE US dollar hit threemonth lows against the yen and one-week lows against the euro yesterday as concern about the health of the US economy mounted after the previous day's slide on Wall Street. The yen was the biggest gainer despite equitiesReuters - 223 words
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Article, Illustration1256 2001-09-01 8 DfTERBAlfE CROSS RATES Aug3J C$ E» Ffr Pw HK$ Iwd to Yw Wow III B}Mh Nil 5$ tart Sfr MTS 8*1 Hmt USS Australia 0.824 4.428 0.581 3.810 1.136 4.162 25.155 47.246 0.634 6.843 2.027 1.208 34.177 27.198 0.927 4.479 0.881 18.434 23.495 0365 0.534 Canada 1213 5.371 0.705 4.6221,256 words
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Page 8 Advertisements
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Advertisement988 2001-09-01 8 Notices IN THE MATTER Of THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF ADD SYSTEM CARGO LINES PTE LTD (In Members Voluntary liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTION (Pursuant to Section 290(2)(b) At on Extraordinary General Meeting of the obovenamed Company held at Blk 1 Po»ir Panjang988 words
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REGIONAL news
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Article, Illustration624 2001-09-01 9 KUALA LUMPUR Govt to acquire 80% of light rail system and convert loans into debt Bloomberg MALAYSIA revived a plan to take over two rail companies and convert US$l.4 billion of their overdue loans into bonds in the nation's biggest corporate rescue, accordingBloomberg; AFP - 624 words
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199 2001-09-01 9 NEWDELHI Reuters, AP INDIA'S Law Ministry formally disqualified yesterday the billionaire Hinduja brothers from taking part in the" bidding for state-run Air India and Indian Airlines, a top official told Reuters. "They are out. We've gone through the case carefully and they don'tReuters,; AP - 199 words
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396 2001-09-01 9 KUALA LUMPUR There are suspicions that the counter has been 'cornered' THE Kuala Lumpur Stock Exchange (KLSE) is investigating a steep rise in Ho Wah Genting Bhd warrants on suspicion that the counter has been "cornered", Malaysia's Business Times cited sources396 words
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LATE Briefs
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115 2001-09-01 9 Bloomberg [HONG KONG] The Hong Kong Association of Banks said yesterday that it will meet with the government and police in mid-September to discuss how to tackle a rise in bankruptcies that's leading to a rise in bad loans and hurting profit. Some 7,962 individualsBloomberg - 115 words
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Article81 2001-09-01 9 Reuters [BANGKOK] Thailand's economy is hurting badly, with manufacturing output and exports sinking as many of its major markets near recession, key data showed yesterday. Figures from the Thai central bank confirmed analysts' fears that industrial production dropped in July from June, its second successive month-on-monthReuters - 81 words
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80 2001-09-01 9 Reuters [BANGKOK] The launch of a Thai state agency to take over billions of dollars of bad loans from banks was hit by a fresh delay yesterday when the Upper House of Parliament said it was not yet ready to pass legislation for theReuters - 80 words
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72 2001-09-01 9 AP [KUALA LUMPUR] Police arrested three opposition activists among scores of protesters who chanted slogans for democratic reforms yesterday, hours after Prime Minister Mahathir Mohamad presided over celebrations marking 44 years of independence. The activists gathered in the historic centre of Kuala Lumpur at Independence Square,AP - 72 words
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71 2001-09-01 9 Bloomberg [JAKARTA] BP Pic, the No 3 publicly traded oil company, said it may build a US$2 billion Indonesian liquefied natural gas plant even though supply of the fuel exceeds demand, betting it can win sales contracts before completion in 2005. BPBloomberg - 71 words
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Article77 2001-09-01 9 Bloomberg [JAKARTA] Indonesia's exports dropped for a fourth month in July, hurt by a surging rupiah and slowing exports of cars, rubber and other products. The country exported US$4.B5 billion of goods, the Bureau of Statistics said, a 10 per cent drop year-on-year assumingBloomberg - 77 words
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70 2001-09-01 9 Reuters [BANGKOK] Troubled national carrier Thai Airways International is to set up a new unit to manage business and financial risks, a board member said yesterday. Thanong Bidaya, vice-chairman of the airline's board, told reporters: "For every one baht fall againstReuters - 70 words
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Article, Illustration699 2001-09-01 10 Audrey Tan - Q2 shrinks 1.7% qoq; govt's full-year outlook worse than private sector's 1.9% From Audrey Tan in I long Kong CONTRACTING exports and a sharp plunge in business investment slowed the Hong Kong economy to growing just 0.5 per cent inREUTERS - 699 words
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428 2001-09-01 10 SHANGHAI Move seen to curb volatility; punters dump B-shares Reuters CHINA'S stock exchanges will cancel the T+o transaction system that allowed Bshare investors to buy and sell the hard currency shares on the same day, a move analysts said was designed to curb priceReuters - 428 words
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228 2001-09-01 10 NEW YORK Reuters THE Chinese government has barred Credit Suisse First Boston Corp (CSFB) from future business deals after the investment bank hosted two overseas conferences attended by senior officials from archrival Taiwan, the Wall Street Journal reported inReuters - 228 words
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180 2001-09-01 10 SHANGHAI Reuters CHINA'S booming economy helped listed firms post an 8.05 per cent rise in first-half net income this year, state media said yesterday, but analysts say a wide swathe of sectors will suffer a slump in full-year earnings. A survey ofReuters - 180 words
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Article, Illustration1081 2001-09-01 10 karim raslan - Umno must address the civil liberties issue head-on WRITER'S JOURNAL karim raslan IN the past, most Malaysians didn't give a damn about civil liberties. That's no longer the case. Nowadays, there are two issues that unite Malaysians of all races and ages: economic mismanagement and1,081 words
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Article1890 2001-09-01 9 SICOM FUTURES RUBBER (futures dosing is at 5.30pm) RSS1 CONTRACT! s centsAq) Close Volume Open Month Hiqh Low Sett (tonnes) Interest Sep 01 101.75 Oct 01 103.75 Nov 01 104.75 Dec 01 105.75 RSS 3 CONTRACT (US ccnts/kq) Volume Open Month High Low Sett (tonnes) Interest Sep 01 56.501,890 words
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Article7664 2001-09-01 10 HONG KONG V«i Aug 31 HKS (OOO) AcrossAsia Multimedia 1.10 -0.20 2 Alpha General 0.03 unch ***** Amoy Prop 8.45 -0.10 2926 Ananda Wing On .0.08 -0.01 ***** Angang Mew Steel H 0.78 0.03 ***** Anhui Conch H 1.62 -0.06 2870 Anhui Expressway H 1.27 -0.01 336 Arcontech7,664 words
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WORLD news
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444 2001-09-01 11 NEW YORK Commerce Dept says July factory orders up by l&rger-th&n--expectedO.l% AP Reuters, US consumer sentiment dipped in August, led by Americans' worsening expectations for the future as corporate layoffs pile higher and the stock market weakens, market sources said aAP; Reuters, - 444 words
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Article, Illustration458 2001-09-01 11 TOKYO Bloomberg AP, HIT hard by the recent global electronics slump, Japan's Hitachi said yesterdayit was trimming its global workforce by 4 per cent, or 14,700 people, by April. The cuts affect 10,200 workers in Japan, or about 4 per cent of the domesticBloomberg; AP,; AP - 458 words
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435 2001-09-01 11 NEW YORK Reuters, AFP A NEW wave of selling across world stock markets this week threatens to undermine US consumer confidence and tip a global economy already on the cusp of recession into a prolonged downturn, analysts say. The world's three most powerful economiesReuters,; AFP - 435 words
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190 2001-09-01 11 SINGAPORE AP THE third round of negotiations between Japan and Singapore for a free trade agreement starts in the Republic on Monday. "Negotiations have made steady progress," the Singapore Ministry of Foreign Affairs said in a statement announcing the three-day meeting. "Since theAP - 190 words
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340 2001-09-01 11 TOKYO Minister is also worried about fall in Japanese stocks Reuters Bloomberg, JAPANESE Finance Minister Masajuro Shiokawa suggested the government is prepared to sell yen if the currency keeps climbing, saying authorities may intervene if the yen "swings wildly". A stronger yenReuters; Bloomberg, - 340 words
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393 2001-09-01 11 JACKSON HOLE. Wyoming Current govt stats foil to capture wealth effect well Bloomberg RISING home and stock prices affect consumer spending in different ways, and Federal Reserve officials are working on ways to better understand those differences to better predict the directionBloomberg - 393 words
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413 2001-09-01 12 LONDON Clients withdraw £B.Bb or 7% of assets in past year; net income at £31m Bloomberg SCHRODERS Pic fired chief executive David Salisbury as first-half profit at Europe's third-largest pension fund manager slumped 68 per cent. Chairman Peter Sedgwick will become CEO until aBloomberg - 413 words
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363 2001-09-01 12 NEW YORK Move follows controversial purchase of lender Reuters CITIGROUP Inc said on Thursday it has stopped doing business with more than 3,600 consumer finance brokers in an attempt to clean house after last year's controversial purchase of a lender to people withReuters - 363 words
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Article, Illustration568 2001-09-01 12 Anthony Rowley - Frotrii Anthony Rowley in Tokyo FOREIGN investors may be allowed to participate in the privatisation of Japanese state enterprises, including international airports, if a decision is made by the government to sell off these assets, Japan's minister for administrative and regulatoryAP - 568 words
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572 2001-09-01 12 GENEVA HI loss at USsl4lm, debt at USs9b; plans to cut 1,250j0bs NYT SWISSAIR Group on Thursday ended its ambitions to become a major aviation player, announcing that it will sell major stakes in two profitmaking units to reduce its US$9NYT - 572 words
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Article2539 2001-09-01 12 BOHPS&WARRANTS Wt Ml M U»r» 52#M n* W fc» laM kt% m—* Cm Cut One mm li# Lot r| .,i I I* COM) M* Lot hw Ukr Mae MblMk Mce c*| left 39.5 26 s A5TI******1 26.5 -2 77 27 26.5 26.5 27JS 28 26.4 t 16 82,539 words
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e News
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401 2001-09-01 13 WASHINGTON It says US firm illegally tied its audio, video player to Windows LAT-WP FT EUROPEAN antitrust officials slapped Microsoft Corp with a new round of accusations on Thursday, adding to the software company's regulatory woes and increasing the likelihood that it will faceLAT-WP; FT - 401 words
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Article8143 2001-09-01 13 SfllMMjBjjMP Gr Of M MR tt-Wk Lad Vol Day Last Quota H» Mo TM Mat Cm, Am Hjjk Low Cn unity Sale W- f8> M# L— 8nyor SaBar C~vr X nt ini Plica MULTI-INDUSTRY 143 35 t AcmaSOc 36.5 -05 21 36.5 36 35.5 36.5 0.5 199 0.78,143 words
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BT motoring
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Article, Illustration1224 2001-09-01 14 DAVID BOEY - DAVID BOE7 gets onto the Sabah off-roads to verify the reliability of Land Rover's 4WD vehicles, and its new Tough Luxury' tours there DAVID BOEY LAND Rover's oft-heard boast that it builds the "Best 4x4xFar" was put to the test last week over a 1,100 km journey inPHOTOS BY DAVID BOEY - 1,224 words
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295 2001-09-01 14 David Boey - -By: David Boey DRIVING TOURS through rainforests, plantations and logging trails in Sabah will be launched by UK-based all-terrain vehicle specialist, Land Rover, sometime next year. Those who enjoy having a go at driving Land Rovers off road, nature lovers and those who have295 words
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342 2001-09-01 14 Bernard Tan - Bernard Tan MIT Sloan School of Management Boston, Massachusetts I REFER to "Car sales likely to peak this year despite economic slowdown" by Christopher Tan (BT. Aug 22). The arguments presented in the article go against common sense. Does the retail sector get stronger342 words
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Page 14 Advertisements
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Advertisement988 2001-09-01 14 □j&T| POPULAR HOLDINGS LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting ot POPULAR HOLDINGS LIMITED the Company") will be held at 20 Old Toh Tuck Road Singapore *****5 on Tuesday. 18 September 2001 at 10 00 am for the following988 words
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Advertisement27 2001-09-01 14 STamFtHwTanes The letter 'Govt should act and make petrol cheaper for people' published on July 28 IKSlSSffißlaSS^^ wins Peter Koh $100 worth of |EJ|S|SM|SpnMpOTSSKMM^^SIfMP9PQPPSBHBvE||M9I Stamford Tyres vouchers.27 words
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BIZ woman
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Article, Illustration915 2001-09-01 15 CHEAH UI-HOON - That is the promising potential of African music, according to Kerry Friedmann, the band manager of South Africa's Jabu Khanyile Bayete. cheah ui-hoom takes note CHEAH UI-HOON African music could well be the next "cool" wave in world music and all it would takeCHRIS LOH - 915 words
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Article, Illustration269 2001-09-01 15 Cheah Ui-Hoon - By i Cheah Ui-Hoon FROM luminous shades of red, to photographic larger-than-life images of construction, Singapore's contemporary artists again show themselves to be diversely inspired by a gamut of themes and issues. The works of contemporary artists Eric Chan, Chua Ek Kay, Cai Heng, Vincent269 words
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Article386 2001-09-01 15 Aaron Lye - Compiled by Aaron Lye EXHIBITIONS Reflections of Nature An exhibition by Malaysian artist Cheah Thien Soong. Until Sept 16, Uam-7pm (Mon-Sat), llam-spm (Sun), Soobin Art Gallery. 140 Hill Street, MIT A Building, UOllO/12 Rustic Canvasses Malaysian artist Tew Nai Tong features oil-on-canvas artwork, including recent creations made during386 words
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Advertisement42 2001-09-01 15 -AH ■iMUytappNMNM [ttTein f Lianhe Zaobao B I Opportunities I obstacles to I I investment in I I western China I I +ssasft I I I HOME NEEDS The Straits Times Classified. Classifications 90 120. <;aj^ Buy It. Sdl It. Fmd ft42 words
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Page 15 Miscellaneous
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Miscellaneous306 2001-09-01 15 CRYPTIC CROSSWORD m m Pi —j IB ACROSS 4 Old ones like this have little 1 Late tender (5.5) sense (7) 9 Queen of Carthage took no ac- 5 Deceiver stood up to use abubon (4) sive language (4) 10 Moving example of crazy rea- 6 His choice will get306 words
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EXECUTIVE Arts
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Article, Illustration1177 2001-09-01 16 AARON LYE - Comprehensive as S'pore arts grants and scholarships may be, areas such as arts research, documentation and criticism still need a helping hand in funds, aaron lye finds out AARON LYE FOR a country that only began pushing for a more developed arts and culture scene in recentRICHARD CHNG; FILE PHOTO - 1,177 words
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Article, Illustration1145 2001-09-01 16 Geoffrey Eu - Not forgetting his humble roots, renowned BTsian artist Ibrahim Hussein has chosen to promote art in his native land By Geoffrey Eu EARLY in his career, the renowned Malaysian artist Ibrahim Hussein was visiting New York on a one-year fellowship when hePHOTOS BY GEOFFREY EU - 1,145 words
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Page 16 Advertisements
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Advertisement85 2001-09-01 16 "4^ r '[r V V| i f ////s<7>/>< \< /<// >> IL TROVATORE 1.4.3 September 2001. Spin Victoria Theatre r i. V. i N KMC (HM R J BO Conductor -i Director Mam wo II Conn- <!• I him A/ucona Leonora Ferrando Incs r u(/ A collaboration between the Singapore85 words
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