The Business Times, 11 December 1999

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Total Pages: 22
1 22 The Business Times
  • 14 1 TheBusinessTimes MITA (P) 046/12/98 85C SINGAPORE I Internet: http://business-times.asial .com.sg/ SATURDAY, DECEMBER 11, 1999
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  • 64 1 811 ZMM (+23.33) wmmsßi U MUS (+7.34) nfIOBRSFDniES M ***** (-0.10) STOCK MABXET INDICES Friday Change KLSEOOMP ***** +*47 NfKKEI I8J7U85 +11.11 HANG SENG 1****** +026 SET INDEX Closed JAKARTA COUP 633JM +129 MANILA COMP 1,339.81 +47.85 TAIPEI WPI 7,***** 4.07 SEOUL COMP 1,018.17 +37B3 CLSA CHINA B
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  • 78 1 FOBEX BATES us$ s$ USS 1.678 £(TSS/S$ per 1.624 1726 ETRO(US$/S$/E) 1.020 1.711 DM 1918 0.875 YEN 1025 1.638* RM SJW 0.442 HKS 7.776 0111 BAHT 38.56 0.044 RUP1AH 7127 0.023 •St to 100 units FUME BATES SINGAPORE* 5.80 KUALA LUMPUR 7.25 JAKARTA 40.00 BANGKOK 10.00 MANILA 11.00 HONG
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  • 642 1  -  I Regional recovery bodes well for Singapore; manufacturing rebound will continue, they say By* Audrey Tan [SINGAPORE] The first year of the new millennium is likely to see steady economic expansion of between 5 and 6 per cent for Singapore, with the recovery
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  • 1004 1  -  Markets cheer linenp, saying it suggests continuity From Eddie Toh, Diana Oon Abdullah in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad has prepared to take Malaysia into the new millennium with a Cabinet lineup of trusted aides in key economic portfolios. Dr Mahathir,
    REUTERS  -  1,004 words
  • 404 1  -  Charges not known, but likely related to $8m of withdrawals By Siow Li Sen [SINGAPORE] Kian Ho Bearings announced yesterday that its managing director Kwek Chee Tong will be charged in court today following an investigation by the Commercial Affairs
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  • Page 1 Advertisements
    • 122 1 msiPß Top stories Revenue from Web advertising soaring. Next Page Internet frenzy hits the stratosphere. VA Linux shares open at US$3O and close at US$25O. Mext Page F&N's net profit beats forecasts, up 20% to $48m. Pg 3 Cerebos, back in the black with $14.3 m net profit, is very
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    • 65 1 m*! I Singapore stage set for E3ack Page Youth chief Hishammuddin's swift climb, Next Page Quiet revolution While Anwar Ibrahim's ouster was a catalyst for PAS' remarkable success, the underlying point is that the majority Malay Muslim community has become far more devout. The tenor off public life, revolving as
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    • 195 1 CHRONOMASTER yellow or rose-colored case in 18 K gold or steel, chronometer-certificate, five year international guarantee. Equipped with the legendary ZENITH EL PRIMERO movement, the only automatic chronograph movement to beat at 36*000 alt./hour Chronograph functions coordinated by a column wheel. ZENITH is the Swiss Manufacturer the most often rewarded
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    • 632 2  -  DOS estimates pat e-commerce transactions at $1.9b this year, up from last year's $1.6b By. Anna Teo [SINGAPORE] More Singapore companies are using the Internet to reach potential customers revenue from Web advertising is expected to jump to $13.9 million this year,
      632 words
    • ON THE grapevine
      • 117 2 THE local bank merger scene has gone all quiet now after a spate of tie-ups and buying of stakes by local and foreign parties. In the US, though, the action is only just starting after the dismantling of the Glass-Steagall Act, which had separated banks, securities firms
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      • 196 2 AS analysts wrack their brains trying to outguess the US Federal Reserve and its chairman, Alan Greenspan, on the interest rate front, a US analyst named Jim Bianco has come up with a novel bit of analysis. He says that although many people believe that
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    • 672 2 VA Linux shares open at US$3O and close at US$25O NYT [SAN FRANCISCO] Internet mania has reached new levels of frenzy as investors paid huge multiples on an initial public offering (IPO), giving a market value of almost US$lO billion (5516.8 billion) to a tiny
      NYT  -  672 words
    • 711 2  -  It says Siam City is one of several offers made to it; DBS interested too From Harish Mehta in Bangkok KEPPEL Tat Lee Bank has emerged as the second Singapore bank, after the DBS Group, that is considering a bid for Thailand's
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  • SINGAPORE companies
    • 266 3  -  Catchaxom alleged to have linked to PacNet's Web sites without consent Teh Hooi Ling NASDAQ-listed Internet service provider Pacific Internet (PacNet) has sued Internet company Catcha.com and is seeking damages for breach of copyright. In a writ of summons filed at the
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    • 358 3  -  F&N unit to move into new property sectors, countries By Carol Eng CENTREPOINT Properties, which saw its full-year net profit surge 72 per cent to $73.9 million, will "selectively" embark on new property sectors, as it will in moving into other countries. This was announced in
      FILE PHOTO  -  358 words
    • 800 3  -  lock siew ven sreenivasan JUST a month ago, analysts in Kuala Lumpur, Singapore and Hongkong were predicting that Malaysian equities would start recovering as soon as the country's close-ly-watched general election was over. But the election has come and gone
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    • 526 3  -  Profit boosted by property ops; sees new strategic vision producing substantial gains By Wong Wei Kong BOOSTED mainly by its property operations, Fraser and Neave's net profit for the financial year ended September rose 20 per cent to $48 million, beating market expectations
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    • 386 3 IN a long-awaited move, food and beverage group Fraser and Neave yesterday unveiled its new vision and strategic direction following a comprehensive review of its business. The aim is "to be a worldclass multinational enterprise with an Asian base, providing superior
      386 words
    • 415 5 Company listing shipping business, issuing new shares to HSH shareholders CASH RICH Hai Sun Hup (HSH) is proposing a l-into-2 stock split and hiving off its shipping business as a separate listing on the stock exchange. Under the business reorganisation, wholly-owned subsidiary Island
      415 words
    • 515 5  - Cerebos back in black with 14.3m net profit By\ Siow Li Sen CEREBOS Pacific yesterday returned to the black, posting a net profit of $14.3 million for year to Sept 30, and announced at the same time that a major reorganisation undertaken last year was almost complete. Extraordinary items of
      CHRIS LOH  -  515 words
    • 249 5  -  fly- Andrea Tan DIVERSIFIED group Wearnes International yesterday reported a 75 per cent jump in net profit to $5.76 million despite slightly lower turnover for the year ended September. Revenues slipped marginally to $237.41 million from $240.04 million. The Sesdaq-listed firm, which also
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    • 291 5  -  Ityi Carol Eng AS expected. Raffles Holdings yesterday turned in a rather dismal performance on its first day of trading on the stock exchange. It generated the most volume of trades for the day, but closed at 85 cents unchanged from its offer price.
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    • COMPANY Briefs
      • 54 5 CHEVALIER Singapore said net profit for the six months to Sept 30 doubled to $3 million on the back of a 24 per cent jump in sales to $29 million. Earnings per share also doubled to 2.8 cents. The company declared an interim dividend
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      • 60 5 FIRST Engineering's interim net profit rose 11.9 per cent to $1.9 million, while sales grew 23 per cent to $30 million. No interim dividend was declared. Earnings per share on a fully diluted basis is 2.3 cents from 2.4 cents in the previous corresponding period
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      • 71 5 FIRST Engineering has invested in WizOffice.com Pte Ltd ("WizOffice" was formerly known as My Web Singapore) by acquiring a 9.5 per cent stake in WizOffice through the subscription of 2.5 million shares for $1.25 million. WizOffice offers back-office services over the Internet. L&M Group Investments,
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      • 52 5 JING Chui Ltd, which is controlled by the Soeryadjayas, has sold 11 million shares representing a 7.2 per cent stake in L&M Group Investments. The divestment, at an average of $1.18 a share, brings Jing Chui s interest to 3.24 per cent comprising 5
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  • SINGAPORE markets
    • 178 4  -  WARRANT WATCH By R Sivanithy THE Malaysian stock market is like a slumbering giant that's slowly starting to stir after the recently-concluded general election. As we've pointed out here before, many of its warrants have had their life spans
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    • 467 4 Stocks Volume PafflesH 85c 67,752,000 MIT 10c 25,769,000 TPV US1C 25,020,000 PanpacMediaCom 5c 10,259,000 ChuanHup 20c 9,427,000 Nat Elec 10c 8,994,000 L&M50c 8,970,000 'Genting Int 8,036,000 Asia Food&Prop US$ 7,652,000 CM Telecom HK75c 7,488,000 Stocks Nat Elec 10c 73,070,148 DBSGrp 59,615,072 RafftesH 85c 58,641,475 OC8C 55,676,025 SIA 38,736,095 UOB 37,531,011
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    • 539 4  - STI hits 5th straight record on electronics, telecoms STOCKS r.sivanithy Electronics and telecommunications stocks continued to ride the Nasdaq wave yesterday, propelling the Straits Times Index to its fifth consecutive record high. The broad market, however, was only marginally lifted by this and, by spm, recorded more losses than gains.
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    • 248 4  -  HOT STOCK By Wong Wei Kong SINGAPORE Press Holdings' (SPH) fine run appears to be fading, with the stock ending yesterday as the session's biggest loser. SPH shares fell 90 cents or 2.5 per cent to $35.10, after opening at their day high
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    • 132 4 FHngapore ♦7.30pm. Completion ceremony for the main upgrading programme at Whampoa View precinct officiated by Prime Minister Goh Chok Tong. Venue: Biks 83,***** Whampoa Drive, Precinct Hail PiMitin i.u-..k.A Military ruler Pervez Musharraf to preside over the fourth meeting of the National Security Council
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    • 359 4  -  hi i comment CURRENCIES larry wee IN increasingly thin trading, it was again the euro and the Japanese yen which continued to hog the headlines in Asian currency trading yesterday. And for the second time in the last one week, it was the European
      Source: Reuters  -  359 words
  • Page 4 Advertisements
    • 401 4 tJeaMyri i from the Orchard Hotel u Orchard Cafe Adult cbw Orchard Cafe AJuh cuu* Yuletide Buffet Lunch $28.00 $16.00 Dinner of the Millennium $128.00 $65.00 Yuletide Buffet Dinner $58.00 $29.00 with first glass of champagne 1 Yuletide Buffet Supper $22.00 $,3.00 fo"ou«J by free flow of bouse u,,«e Supper
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    • 16 4 Want to talk investments with your peers? Join our forum at "http://iol.dbs. com sg" gj )KSBANK
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  • Page 5 Advertisements
    • 1251 5 rTT3 WEARNES INTERNATIONAL (1994) LIMITED (Incorporated in Singapore) ANNOUNCEMENT Results The unaudited results of the Group ond of the Company for the financial year ended 30 September 1999 are as follows:GROUP COMPANY 1999 1998 1999 1998 $'000 $'000 $'000 $'000 Turnover 237,407 240,043 (1) 1,377 1,441 Investment income 1.689 (565)
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  • SINGAPORE news
    • 434 6  -  Payment may be non-cash; ISP announces deal with Gatecrash.com By' Teh Hooi Ling IN the latest instalment of the war of the Internet service providers (ISP) in Singapore, Nasdaq-listed Pacific Internet Ltd yesterday said it would "pay" its customers to surf the Net.
      FILE PHOTO  -  434 words
    • 253 6 SINGAPORE Telecom will slash its rates for its fax services by up to 42 per cent from next Wednesday, thus passing on savings of $1 million to customers. The rates of both Fax Plus 012 and Fax Plus Connect services will be cut.
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    • 307 6 COLLECTIVE CTH ESI STRENGTHENING its hold in the Newton area, City Developments has snapped up freehold Newton Point for $78 million through a collective sale. This price for the 45,974 sq ft freehold site works out to a land cost of $666 psf
      FILE PHOTO  -  307 words
    • 314 6  -  1,500 will be trained in Ist year under Skills Rede vt Programme By, Jeanette Pang SINGAPORE'S Precision Engineering (PE) industry is getting a helping hand from the government-backed Skills Redevelopment Programme (SRP) in developing manpower capabilities. The PE skills training framework and a host of
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    • 607 6  -  Chew KY Singapore via Internet WITH a quick glance at the thicker recruitment section in The Straits Times Classifieds every Saturday, one can easily tell that the Singapore economy is picking up and is set to grow further with the regional economic recovery. The stock
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    • 652 6  -  =i 74 =t on the economy Anna Teo SAY, instead of jostling with the crowds at the malls downtown, ynu decide this year to do your Christmas shopping online. On a mass scale, will this have any effect on traditional economic measures like productivity
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    • 93 6  -  Patrick Teh WE refer to Mdm Ho Eng Neo's letter in your Mailbag column titled "A wasted $30 taxi trip" (BT, Dec 8). We wish to thank Mdm Ho for her feedback and for bringing the case to our attention on Dec 3.
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  • Page 6 Advertisements
    • 124 6 ISRsB Star "took World Tour 6 Dec Messe DussekJorf Thematic exhibition for 8 Feb 00 Asia all Star Ttokkers. Funtasia99 17-26 Dec SISEC (Events Consumer exhibition Production) Wedding Festival 1999 24-26 Dec Full House Bridal exhibition Communications Home Exhibition 25 Dec 99- Mega Exhibitions Furniture, home 2 Jan 00 Mainland
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    • 36 6 You can email us at btletterQsph.com.sg, fax to us at *****71, or mail your letter to The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. Please give your full name, address and telephone number.
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  • MALAYSIA news
    • 1347 7  -  WRITER'S I Ml I Ml karim raslan The writer is a KL-based lawyer and writer ON Nov 29, Malaysia and Malaysians reminded the world of their innate contrariness. Confounding all expectations, Prime Minister Mahathir Mohamad's ruling coalition, the National Froni, having called a snap election, Managed
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    • 333 7 PEOPLE Bernama, Reuters [KUALA LUMPUR] It took British-trained lawyer Hishamrauddin Tun Hussein, 38, just seven years in politics to become (till minister. Formerly deputy primary industries minister, Mr Hishammuddin was promoted to youth and sports minister in the cabinet line-up announced by Prime Minister Mahathir
      Bernama,; Reuters; FILE PHOTO  -  333 words
    • MARKET moves
      • 67 7 PUBLISHING group The Star yesterday saw its share price increase by more than 5.3 per cent or 50 sen to close at 10 Malaysian ringgit on news that it was likely to benefit from a new subscriber-based Internet service it is launching. In a tie-up
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      • 51 7 TECHNOLOGY stocks finished the week strongly yesterday, having made gains throughout the week. New listing and punters' darling Mesiniaga picked up a further 60 sen yesterday, closing at RM7.70. It was listed on the main board on Nov 17 in an IPO at RM1.90 a
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      • 83 7  -  Compiled by Diana Oon COUNTERS linked to Kelantan prince Tengku Razaleigh Hamzah MUI Berhad and Pan Malaysian Industries posted gains on strong volumes in early trading yesterday but fell back after he was left out of Prime Minister Mahathir Mohamad's new Cabinet, announced an hour
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    • 227 7 KUALA LUMPUR THE US Export-Import Bank is considering offering up to US$l.5 billion (552.5 billion) worth of guarantees and financing to high-technology firms in Malaysia to support bilateral commerce. The Star newspaper said yesterday. The newspaper quoted Exim Bank chief operating officer Jackie
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    • 458 7 IPOH M'si&n Pacific, Unisem starting to show on investors' radar screens Bloomberg COLIN Mac Donald, executive director of Malaysian chip assembler Unisem Bhd, is so busy meeting investors he hasn't submitted expenses in 10 months. Fund managers make the three-hour drive north from Kuala
      Bloomberg  -  458 words
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  • SOUTH east asia
    • NOTE Book
      • 71 8 AFP I JAKARTA] The Asian Development Bank is to commit over US$l billion (551.68 billion) to Indonesia next year for small and medium enterprises and poverty eradication. Antara news agency said ADB vice-president Peter Sullivan announced this after talks with President Abdurrahman Wahid and
        AFP  -  71 words
      • 89 8 AFX-Asia [JAKARTA] The People's Representatives Council's (DPR) special team on the state Budget suggested to the government to close the state financial and development audit board (BPKP) and transfer its functions to the Supreme Audit Board. Team member Aberson Sihaloho told a hearing
        AFX-Asia  -  89 words
      • 59 8 Bloomberg [MANILA] Shareholders of Philippine Long Distance Telephone Co yesterday approved the sale of a 15 per cent stake to Japan's Nippon Telegraph Telephone Corp to develop its Internet business. Under the agreement, NTT is expected to pay 87.5 billion yen (551.43 billion)
        Bloomberg  -  59 words
      • 62 8 AFP [MANILA] The Philippines yesterday launched legal proceedings against a Geneva-based customs inspection firm and a Japanese company for allegedly dumping tonnes of possibly toxic garbage here. Environment Secretary Antonio Cerilles asked the justice department to prosecute Societe Generale de Surveillance and Japanese firm
        AFP  -  62 words
    • 332 8 JAKARTA AFX-Asia INDONESIAN President Abdurrahman Wahid has said the government prefers a "win-win" solution in resolving the loan scandal involving the state-run Bank Negara Indonesia and the Texmaco Group conglomerate. "One principle applies here; that we should handle the case in such a
      AFX-Asia; FILE PHOTO  -  332 words
    • 402 8  -  It says the change reflects country's more stable operating conditions From Harish Mehta in Bangkok TWO troubled Thai banks that are due to be sold off to foreign investors Siam City Bank and Bangkok Metropolitan Bank were among a group of five financial
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    • 527 8 JAKARTA Broken If things go wrong, it'll be an unfavourable signal for foreign investors Reuters INDONESIA'S planned sale of 40 per cent of leading blue-chip Astra International will be a key test of its ability to win back foreign
      Reuters; FILE PHOTO  -  527 words
    • 385 8 CEBU, Philippines Countries revamping financial systems may find this difficult Reuters THE International Monetary Fund (IMF) said yesterday Asia's crisis-affected countries should look to inflation targeting as a monetary policy framework at this time of low inflation, ahead of a possible spike when
      Reuters  -  385 words
    • 265 8 JAKARTA Reuters, AFX— Asia INDONESIAN conglomerate Bakrie Brothers yesterday said it had offered creditors a larger amount of equity in a bid to speed up restructuring negotiations on its foreign debt. "The change is aimed at accelerating the talks so as to
      Reuters,; AFX— Asia  -  265 words
  • Page 8 Advertisements
    • 5 8 ETODAY©!*^*#. lianhe laohao m&n q
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    • 879 8 NOTICES To advertise call 1011-free 1800-741 1883 Fax No 741 1298 IN THI MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTE* OF MACHTRACO HYDRAULICS CYLINDERS SERVICES PTE LTD (In Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of MACHTRACO HYDRAULICS CYLINDERS SERVICES
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    • 240 8 EXECUTIVE APPOINTMENTS l «h.lliM ..ill 1..11 In. ISI Ml ~4 I INS > I -i\ '41 I-"IS THE ASIAN WALL STREET JOURNAL. The Business Publication Of Asia. The Asian Wall Street Journal, Asia's business daily, invites applications for the following positions for its customer service office in Singapore: 1. CIRCULATION
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  • EAST asia
    • 204 9 BEIJING Reuters CHINA'S economy is expected to grow more than 7 per cent in 2000, a spokesman for the State Development Planning Commission was quoted as saying here yesterday. "Our country's economic growth is expected to exceed 7 per cent next year
      Reuters  -  204 words
    • 393 9 HONGKONG Analysts say HK$l,5OO psf price is low for land above new snbway station Bloomberg SUN Hung Kai Properties Ltd, one of Hongkong's biggest real estate developers, and its partners agreed to pay HK$5.5 billion (Ssl.2 billion) for land for a development above
      Bloomberg  -  393 words
    • 260 9 HONGKONG Reuters WHARF (Holdings) Ltd's telecommunications arm New T&T Hong Kong Ltd said yesterday its international direct dialling (IDD) traffic had grown 30 to 50 per cent since its latest rate cuts for calls to North America. The operator reduced
      Reuters  -  260 words
    • 60 9 [DARWIN, Australia] Hongkong millionaire Eric Hotung yesterday with a former naval ship which he refitted for service as a hospital ship for East Timor. Mr Hotung paid US$4 million (Ss6.7million) for the vessel and spent US$l million refitting it. He also owns a barge which ferries
      AFP  -  60 words
    • 369 9 HONGKONG But regulatory body will not force the banks to consolidate Bloomberg THE Hongkong Monetary Authority has said it wants more banks in the territory to merge, but it will not force them to do so. The international trend towards banking consolidation would not
      Bloomberg  -  369 words
  • SOUTH asia
    • 323 9 NEW DELHI Market sources say US company may take 30-35% of Satyam Info way Reuters, Bloomberg AMERICA Online Inc has been holding talks to acquire a substantial stake in the Nas-daq-listed Indian Internet service provider, Satyam Infoway Ltd. The Hindustan
      Reuters,; Bloomberg; Source: Bloomberg  -  323 words
    • 272 9 BANGALORE, India Mangalore project mired in delays and litigation, it says AFP US-BASED Cogentrix Energy Inc on Thursday announced it had pulled out of an Indian power project based in southern Karnataka state due to red tape and
      AFP  -  272 words
    • 361 9 NEW DELHI Three flights a week bat more will be added later: Branson AFP, Bloomberg BRITISH billionaire Richard Branson yesterday announced direct flights by his Virgin Atlantic Airways between London and the Indian capital beginning July. Mr Branson, who arrived at a
      AFP,; Bloomberg; AFP  -  361 words
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  • WORLD news
    • 392 10 TOKYO Bright spots in Dec report include higher exports to Asia, higher stock prices Reuters, Bloomberg JAPAN'S economy is improving moderately, supported by the effects of past government policy steps and a recovery in other Asian economies, the Economic Planning Agency (EPA) said in
      Reuters,; Bloomberg  -  392 words
    • 320 10 NEW YOflK Reuters THE top US securities regulator on Thursday warned people against investing in initial public offerings, saying the risk of losing money in the long run outweighed the allure of sharp initial gains. Securities and Exchange Commission chairman Arthur Levitt, speaking
      Reuters  -  320 words
    • 44 10 [DETROIT] Laila Ali, daughter of boxing legend Muhammad Ali, flexing her muscles after being weighed in here on Thursday. She was due to fight Nicolyn Armstrong yesterday. Ali, who is 2-0 as afighter, weighed in at 76 kg. AFP
      AFP  -  44 words
    • 250 10 ■TOKYO Bloomberg KDD Corp, Japan's biggest overseas telephone service company, and DDI Corp, a long-distance carrier, said they are in talks that could result in a merger with Toyota Motor cellular phone affiliate IDO Corp, though a decision isn't imminent. The talks,
      Bloomberg  -  250 words
    • 244 10 NEW YORK Reuters, Bloomberg SHARES of International Business Machines (IBM) Corp slumped amid disappointment that the company had not signalled a more positive near-term outlook in a meeting with Wall Street analysts. IBM, the world's largest computer company, reiterated a forecast that
      Reuters,; Bloomberg  -  244 words
    • 210 10 WASHINGTON Bloomberg THE National Association of Manufacturers is predicting "major" Year 2000 computer disruptions overseas that will hurt US factories, restrain growth and lead a wider trade deficit next year. "1 don't think this is going to be a non-event," said NAM president Jerry Jasinowski.
      Bloomberg  -  210 words
    • 808 10  -  BTH.fclLVHU From Leon Hadar in Washington THERE is no doubt that the failure by the 135 members of the World Trade Organization to reach an agreement on launching new global trade talks has energised the peculiar coalition of anti-globalisation forces
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    • 555 11  -  Former Japanese minister Sakakibara says reformed international monetary system turning out to be empty promise /•Yam. Anthony Rowley in Tokyo THE Asian Monetary Fund (AMF) proposed two years ago by Japan but squashed by opposition from the US could be revived
      FILE PHOTO  -  555 words
    • 356 11 TOKYO Reuters SONY Corp, on its way to build a vast "e--empire" selling everything from consumer electronics to music, extended its reach into online banking on Friday to help consumers pay their bills over the Web. Sony announced plans to set up a
      Reuters  -  356 words
    • 335 11 WASHINGTON Bloomberg PRODUCER prices in the US, outside of food and energy, were unchanged last month, restrained by declines in light truck and computer costs with overall wholesale prices rising as expected, government figures showed. The core producer price index, which removes volatile
      Bloomberg  -  335 words
    • 301 11 TOKYO Move is aimed at boosting US anto giant's Asian clout Reuters THE world's biggest car maker, General Motors Corp (GM), on Friday announced a US$l.4 billion (552.24 billion) capital alliance with the Japanese niche maker of Subaru cars. The move
      Reuters  -  301 words
    • 4032 11 Not tarn CM LimKahNgam Sop 28 I 14.8191 89.4911 XX. 6IL Date TY LV TY IV LowKanqHuat Sep 24 I 1.072 2.5781 0.89 2.2L Compoay ann l$m) (5m) (cts) Llnd-JacorDorg Sop 06 I 12.386 10.236 7.40 6.50 Lion Asiapac Sip 23 P 1.997 4.786 0.85 2.00
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  • Page 10 Advertisements
    • 334 10 Nokia Singapore Art 1999 promises to be Singapore's most dynamic celebration of visual art. A platform for the works of some 400 pioneering and emerging artists, at venues across the island. The theme of the show is "City/Community". And using their own media and unique vision, our artists will explore
      334 words
    • 2 10 21 DAYS
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  • FINANCE & commodities
    • 252 12  -  SGZ Derivatives Tv&dhx&lieports MS& Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market continued to scale new heights yesterday. After a week of frenzied trading, the benchmark Straits Times Index closed the week with a thumping 151-point or 6.75 per cent gain. Investors continued to
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    • 152 12  -  MSCX Taiwan futures Cecilia Woo Refco Singapore SIMEX MSCI Taiwan Stock Index Futures yesterday finished 2.2 points higher despite the Taiex's slight decline of 5.07 points. The institutional buyers were Merrill Lynch and Goldman Sachs together with retailer buyers from UOB BuUion Futures and
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    • 243 12 ENERGY REPORT Reuters [LONDON) Oil prices fell further from recent highs yesterday as the UN Security Council prepared to renew Iraq's oil-for-food exchange for another six months. Benchmark Brent for January delivery was 35 US cents lower at
      Reuters  -  243 words
    • 318 12 Reuters New York THE European single currency slipped to four-day lows against the dollar and yen and tumbled to a lifetime trough versus the British pound yesterday as benign US price data offered the greenback a lift. The euro, which had already fallen sharply against the dollar on
      Reuters  -  318 words
    • Article, Illustration
      1258 12 HTBRBAME CROSS RATES tjecjo AS C$ Bn»> Euro Fir Dm HK$ Ind >5 tuplah Vtn Won MS P* ti Ptso S$ Band Sfr NTS Mrt Pond USS Australia 0.938 6.178 0.623 4.084 1.218 4.937 27.608 45.888 0.651 7.192 2.413 1.267 32.917 25.847 1065 3.903 0.995 20.077 24.474 0.391 0.635 Canada
      1,258 words
    • 1836 12 ScOMFPTOBBS Dec to RUBBER (fulurti closing u at 5.30pn) RSS1 CONTRACTS cwtsAfl) Clost VolW* Opt* Month HlQft Low Sttt (tonwts) Iwtftst jan~0O 1 1 ***** Fed oo ns.00 too Mar 00 118.00 .100 Apr/Jun 00 124.50 RSS 3 CONTRACT (US ctnts/kq) *<*>•• Month High Low Sttt (towws) Irtfst JiToO 65/75
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  • STOCKS east asia
    • 2842 13 HONGKONG Reuters PlHaitfSwtf +9.26 HONGKONG stocks closed barely changed yesterday, with bargain-hunters supporting the market and thwarting any attempt at a correction. The Hang Seng Index closed up 9.26 points or 0.06 per cent at 16,380.21. Turnover was HK513.59 billion compared with HK514.37 billion on Thursday.
      Reuters  -  2,842 words
    • 2000 13 TOKYO AFP Q Nikkei 22S *1103 SHARE prices in Tokyo closed only marginally higher yesterday after early gains were eroded by concerns over the Bank of Japan's tankan survey and late selling set in ahead of the weekend, brokers said. The Nikkei average of 225
      AFP  -  2,000 words
    • Article, Illustration
      975 13 Reuters WShenzhen Blndex +QJ6 SHENZHEN'S B shares ended up yesterday due to retail bargain-hunting, but sentiment remained bearish on the long stagnant hard currency stock market. The B share index rose 0.98 point, or 1.24 per cent, to 79.62 on turnover of HK$3O million against HK$l6 million on Thursday.
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  975 words
    • 364 13 AFP Q VP Index -ELO7 TAIWAN share prices closed marginally lower yesterday on mixed sentiment in the technology sector, dealers said. "The market has shown relatively moderate resistance against a downward trend as investors switched hands by buying blue-chip technology shares while selling Internet and telecoms-re-lated issues," said Yu
      AFP  -  364 words
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  • STOCKS klse
    • 419 14 AFX-Asia Q Composite Index +6.47 MALAYSIAN share prices closed higher yesterday, but off earlier highs on profit taking following the release of the new Cabinet line-up by Prime Minister Mahathir Mohamad, dealers said. They said the new line-up will see "business as usual"
      AFX-Asia  -  419 words
    • 8453 14 INDUSTRIALS Consumer products 1999 Last Vol Day Net Cap High Low Company Sat* OOO Mlfh LOW P/E $mll 440 255 Ajinomoto 300 tg.o 121.6 174 46 AnQkasa 88 -2 36 89 88 129.8 404 220 Apollo Food Hlg 320 10 5 322 320 7.6 128.0 294 IIS BerjayaLand 157 unch
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  • SGX clob & regional stocks
    • 3192 15 BONDS A WARRANTS £ecw VI Wrtrti bplrf iMt 11 on *1 >«■•«£«» i** ul 73! N** Lew SIM fr-tr-T M COOO) M# I— hTM >*r W» <■••**> •■•rrr 104 10.5 3160 ~-AcerW*****1USS~ 40 unch 19 40 40 39.5 40 33T I 156 75 280 19 80 14.5 s 3164 Acma
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    • 309 15 AFP Fi Composite Index +37.63 THE Korea Stock Exchange Composite Index yesterday closed up 37.63 points at 1,018.17. Volume was 391.1 million shares worth 5.9 trillion won. —AFP Ok 10 »w> *n«m Spml ***** 500 BtplnTtch 2310 300 Central Sink -2440 185 ChpH Com" *****0 4500 OmGuB** 3725 485
      AFP  -  309 words
    • 266 15 AFP H Manila +47.85 PHILIPPINE share prices rose 2.5 per cent yesterday as investors bought up stocks whose prices have fallen to bargain levels over the week, brokers said. The Philippine Stock Exchange Composite Index rose 47.85 points to close at 1,939.81.—AFP Ok 10 Nh (000) MRC Allied O.M
      AFP  -  266 words
    • 280 15 AFP □Wellington -«J3 NEW Zealand stocks slipped 0.7 per cent yesterday as a selldown in Fletcher Challenge Ltd's listings took the shine off continued enthusiasm for technology stocks, dealers said. The NZSE-40 Capital Index was down 6.93 points at 2,119.77. AFP Of K) MS 000) Advantaga MOS 3.50 0.20
      AFP  -  280 words
    • 585 15 AFP QAllordin*rie» -1&3 AUSTRALIAN share prices closed 0.5 per cent lower yesterday on profit-taking and selling of futures, dealers said. The All Ordinaries Index closed down 16.3 points at 3,120.30, falling back from Thursday's near record high close. The All Industrials fell 30.3 points to 5,434.50 and the All
      AFP  -  585 words
    • Article, Illustration
      685 15 AFP 11 Composite Index +129 INDONESIAN share prices closed 0.4 per cent higher yesterday, buoyed by interest in telecommunications stocks, analysts said. "Basically it was because of the telecoms sector after the government announced it would lower its stake," said Eddie Santoso, chief of research at Ciptadana Securities. He
      AFP  -  685 words
  • Page 15 Advertisements
    • 44 15 mm the new H The every Monday The Bangkok market was closed yesterday RIDE OF A LIFETIME SSeesrafcg) SbT-I j I 0.n.0. J Votvo i^ 4 1 S Steer through The Straits Times Classified to find the best car for your budget. cats. fjk;
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  • 8863 16 MAIN BOARD Transaction date: Dec 10 Gr Gr M Wt S2-Wk Last Vol Oay Lm« Quote Dlv Dtv YM *e« Cap A»9 High Low St No Company Sato COOP) HM> Low Buyr Salw Cvr P/t gg Wc» MULTI-INDUSTRY 182 17.5 m c 1000 Acma 50c 116 *4 232
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  • Page 16 Advertisements
    • 56 16 investment poktfouo J Nq u ,fcM u ™'«< I |PO. Shares. Bonds. Stocks. Annual Reports. I «7.500J)00 Slum I 0 I I Whatever you're offering, we help you reach out I I to 86.7% of all adults In Singapore dally. I Vm- <mm The Straits Times The Business Times Lianhe
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  • The Arts
    • 988 17  -  After a lull in the Broadway musical scene in Singapore, the stage is being set for several productions to come our way in the new millennium, pakvathi kayak speaks to three production companies about their plans for Singapore and the region PARVATHI NAYAR
      988 words
    • 854 18  -  The director of the company that's bringing in Chicago next year, tells parvathi kayak how he plans to woo S'poreans PARVATHI NAYAR An Aussie musical from IMG Arts and Entertainment It's simple really. "The reason you pick a musical to tour is because: (a) you like the
      854 words
    • 719 18  -  An off-Broadway musical from Music and Movement By\ Parvathi Nayar THE musical as a vehicle for spoofs and send-ups is a pleasantly subversive notion. Music Movement Singapore Pte Ltd which brought in the off-Broadway musical Forbidden Broadway this year, has plans to bring in Forbidden
      719 words
    • 552 18  -  MUSIC Guitarist Julian Byzantine's career has made him a well-travelled artist, and an enthusiastic teacher By, Joanna Lim I'VE always wanted to learn to play the guitar. This dormant interest usually gets revived at the turn of each year and becomes a "newyear" resolution.
      552 words
    • Article, Illustration
      1403 19 DANCE Mozart's Requiem The evening's programme opens with the internationally-renowned Singaporean choreographer. Goh Choo San s award-winning ballet Momentum, followed by Desir choreographed by James Kudelka and finally, Mozart's Requiem brings together Singapore Dance Theatre, The Philharmonic Chorus and NUSS Singapore Opera Orchestra. This performance is dedicated to
      1,403 words
    • Article, Illustration
      213 19  -  -By] Parvathi Nayar THE Buzz: An artistic expression of a rare experience of hope during the terrible days of the Cultural Revolution in Beijing. Nie Ou escaped the terror and stayed among the peasants for eight years, sharing their harmonious routines and a simpler way of living close to
      213 words
    • 740 20  -  The Singapore Wind Orchestra is boldly exploring Qew directions, discovers joamivaum JOANNA LIM POR some, the end of the year is seen to close a door to their past while opening a window to the future. And with the impending new millennium, there is even
      SIEW YAW HOONG  -  740 words
    • 805 20  -  MUSIC The two organisations mark 10 years of ties with Two Evenings of Chinese Instrumental Music By, Joanna Lim LOVE the melodious strains of the guzheng* Or the sombre twang from the erhu? What about the sweet innocence of the pipa?
      805 words
    • 1014 20  -  MUSIC By Joanna Lim WHAT do you know about Carol Kidd? That her dimunitive figure (of 1.47 m, to be exact) is inversely proportionate to her powerful vocal chords; that Frank "Old Blue Eyes" Sinatra once described her as
      1,014 words
    • 998 21  -  This year's President's Charity Art Exhibition will showcase an eclectic range of works by popular artists, reports ion su amm LING SU ANN LOOKING for the prefect conversation piece to liven up that empty space screaming out from your bare wall to be filled? Well,
      CHRIS LOH  -  998 words
  • Page 17 Advertisements
    • 99 17 Artafohartty P3^®P^ Preview of the President's Charity HWQeS Art Exhibition, elb because helps to support the HSpiiu ...arts scene. Every time you use the we pledge a percentage of the amount actors and dancers in Singapore stand on e ~fH^^^^^HHHH^ In return, you'll '^'P bookings, exclusive benefits leading entertainment and
      99 words
    • 20 17 Chicago: making themselves irresistible, Forbidden Hollywood: small but hilarious, EL2 Chinese dharm Nafa celebrates long ties with Beijing institute, EL4
      20 words


  • Page 19 Advertisements
    • 50 19 The Average Size and Performance of a PruLink Fund. mmm W/^vMSSSy;-. *fM PruLink Singapore Managed Fund the largest unitised fund in Singapore. j >^~P^B Hk taljcflk An unbeatable record with over $730 million A by Probably the best managed funds today INVESTMEN iS r Always Listening. Always Understanding. PRLDENTIAL jt^/
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  • Page 21 Advertisements
    • 68 21 Hi mm Carry a DBS Credit Card, and you'll carry the power of Purchase Protection, where your purchases are automatically covered against theft, loss or damage IK f° r up to $60,000 per annum*. As well as a low lost card liability of just $100 and ree rave i nsurance
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  • Page 22 Advertisements
    • 264 22 Where to wine, dine and entertain../*^-Offering the lowest interest rate in town 290 4545 "TuncK" is the best for lunch and high tea rolled into one. Which means longer serving hours and even more scrumptious spreads. "lunch" from 12 noon 4.30pm £15.80 (Adult) £11.80 (Child) "Tunch Karaoke" from 12 noon
      264 words
    • 27 22 ''"vV" HOTEL ORANO CENTRAL LIMITED 22 Orchard Road/Cavenagh Road. Singapore *****7 Tal: 737 M 44 Ext 400/02 Fax: *****75 i W7 TeSS!}a^^§ et^ MV, l ff Mongolian
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    • 20 22 Festive Promotionsl At Congress and Joaquim -NawTtttOm^ wmLiiilai lIIH inainJl (!I T I 1 RaHtea Boul—rd SunfccOty (W) »7 2*M
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    • 98 22 I J Weekday Special lunch Menu Y 4 $4.50 nett per item 1 with FFEt-CHOICE of one coffw/tra, soft drink or Q»in Okw* I II Katsudon 1 1 (Deep Fried Pork Cutlet topped with Egg and Onion) i Stir Fried Tang Hoon I with Mixed Seafood I (Bean Vermicelli) ll
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    • 99 22 Revolving i*tk «OOf Wd Set Lunch: $32♦♦♦ per person 4-course Set Dinner: $78+++ per person 6-course Menu Gastronomy: SloB+++per person (includes two glasses of wine) CktfLtt Lnstrr Ala cane dinner menu also available 18M,,/ bo u rg 10 to 19 Dec Reservations: 3)1 Ottod Road, Singapore 2 ***** 4411 2361
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  • Page 22 Miscellaneous
    • 960 22 f,ui f I fiT7»T>^——^P, nil .i« 4.30 Home Improvement. 430 Rahsia Haiwan: Hai- 2.00 To 6.00 am: Real-time rremiero i+ 5.00 Triple Nine Year 4. wan Persisiran Pantai. Financial Data 10.00 AM Response TV. 6.00 Nightman. 5.00 Frootees: Gua. 12.00 NN TV Innovations. 7.00 Mariah Carey Around 530 Sakalakala Vallavan.
      960 words
    • 241 22 CRYPTIC CROSSWORD ACROSS 5 Adult education promotes egali--1 Fast-food oultet requires carpen- tarianism (7,7) ter (6) 6 Pr ®pare to stand (3.2) 4 Duchess wins woman's favour 7 kxaJpdrttcian familiar with be(3.5) ,n 9 indicted (7) 10 Neat container for small letters 8 llttte t*™ 6in Surrey town (5 4)
      241 words