The Business Times, 17 February 2001

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 24
1 24 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 028/12/2000 SINGAPORE Internet: http://business-times.asial.com.sg/ SATURDAY, FEBRUARY 17, 2001 050
    14 words
  • 75 1 Dsn M7LSB (-3.99) □wm mum (-1.42) ST INDEX FUTURES M 72 (-6.00) SQCSCIFOTUBES 252.40 (-0.40) T3S .1 STOCK MAIKFT INDICES FWday Change KLSECOMP 714.66 +U3 NIKKEI 225 13,175.49 -151.90 HANG SENG 16,630.31 -126J6 SET INDEX 316.00 +0.86 JAKARTA COMP__432J6 -&14 MANILA COMP _1.689.91 +1.86 TAIPEI WPI 6,045.67 -§8J7
    75 words
  • 73 1 .SI US$ (S$ per USS) 1.744 £(US$«$per£) 1.458 1638 Et$0g$fc$/E) 8J07 1J8I 1156 1187 YEN-i- 115.8 66.30 RM 3.800 2.180 RKS 7.800 4474 BAHT 4139 24J1 KJPIAH 9,613 5313 PUKE BATES SINGAPORE* LJ1 6.80 HJALA LUMPUR 7.67 JAKARTA .39.00 BANGKOK J9.50 MANILA 'S 11.00 HONGKONG 8.8# TAIPEI 7.84 SYDNEY
    73 words
  • 881 1  -  Foods to be allowed to hold S6X shares beyond 5% limit subject to 10% cap Reports bt Serena Ng [SINGAPORE] The Monetary Authority of Singapore will be vested with the power to pursue civil prosecution of listed companies which fail to
    CHRIS LOH  -  881 words
  • 434 1 [SINGAPORE] Schroder Investment Management and DBS Asset Management were the big winners at die 2000 Investment Fund Awards last night, with each collecting four honours. CMG First State and Deutsche Asset Management wonthree awards each, while UOB Asset Management took home two.
    434 words
  • 497 1  -  UK group also asks for break-up of Inchcape pic By Christopher Tan [SINGAPORE] In what could be a sign of growing disenchantment with motor-based stocks around the world, a UK investment group has made a hurried offer for Sin-gapore-listed Inchcape Motors. At
    Source: Bloomberg  -  497 words
  • 484 1  -  Move aimed at kick-starting weak market; analysts From Audrey Tan in Hongkong FOUR days after it said it would drastically cut this year's land sales, Hongkong's government announced yesterday that it would relax an-ti-speculation measures for the sale of new flats. The changes, which
    484 words
  • Page 1 Advertisements
    • 81 1 msiPE BT Comment Theory doesn't match practice in stock splits. Pg 3 Top Stories S'pore to consider US model of broad undergrad studies. Mftjrf Page v* I t. v. wTi--? j|tv No strong US$ policy: Treasury Secretary Paul O'Neill. Next Page r 1* ii "> Wl Optus a good strategic
      81 words
    • 28 1 Making market discipline work, Pg 7 Brierley's letter, Next Page Singapore's trade figures for January will be released this morning. To get them, go to Business Times Online.
      28 words
    • 76 1 Read your way to Sl,OOO worth of Super Dollars vouchers. Just read ("Sophistication, kids-style", about the Children First! art festival, Pg 23) and answer two easy questions based on it. :•V .t V .f/y; ;r^pc> i 9B jfjU* V Breguet. La paaalon lalsse dea tracea. Lady's "Marina" chronograph In 18-carat
      76 words

  • NEXT page
    • ON THE grapevine
      • 133 2 WHY does the rich old man end up with the barmaid? Because often she's all he can get—not just because he wants a bimbo. Before anyone accuses Grapevine of being politically incorrect, this is the theory of an academic —the same academic who explained in yesterday's
        133 words
      • 130 2 INSURANCE agents probably shouldn't read this item, which was contributed by an 11-year-old who heard it from his maths teacher who wanted to illustrate the value of time. One evening, a man just settling into his armchair after a long day at the office heard a
        130 words
      • 163 2 AT Asia Insurance Review's regional CEO roundtable, the discussion inevitably turned to the local versus expat debate. Patrick Poon, of Aetna Global Financial Services, said there is no surefire formula for local, international or global operations. But the important point is that when
        163 words
      • 68 2 ST Group the big winner A FEW days ago, The Business Times ran an online poll with the following statement: The merger between Vickers Ballas and DBS Securities is more attractive for VB shareholders than those of DBS. Readers responded as follow: Yes, it offers a premium to VB shareholders
        68 words
    • 774 2 Remark sends US$ diving but Treasury says policy stands Reuters [LONDON] American Treasury Secretary Paul O'Neill was quoted yesterday as saying the US was not actively following a strong dollar policy, throwing financial markets into confusion. The policy, which has held that a
      Reuters; AP  -  774 words
    • 509 2  -  Professional courses like medicine and law only at post-graduate level? By Anna Teo [SINGAPORE] Further major changes in Singapore's higher education sector are likely as Singapore gears up for the New Economy, Deputy Prime Minister Tony Tan indicated last night. The
      FILE PHOTO  -  509 words
    • 28 2 [SINGAPORE] Parliament will sit on Feb 23 at 12.30pm. The Minister for Finance will deliver his Budget Statement at the sitting, the government said yesterday.
      28 words
    • 638 2  -  R Brierley Chairman Guinness Peat We reproduce below the letter by Ronald Brier ley, chairman of Guinness Peat, to Inchcape pic chairman John Egan that was published as an announcement to the Australian Stock Exchange GUINNESS Peat Group pic (GPG) is the largest shareholder in
      638 words

  • SINGAPORE companies
    • 745 3  -  A smart move if Sing Tel succeeds in acquiring it at a reasonable price By Teh Hooi Ling BAGGING Australia's No 2 telco Cable Wireless Optus at a reasonable price will be a smart move for Singapore Telecom, analysts say. "Optus
      745 words
    • 336 3  -  By Serena Ng ABOUT 60 of the 70-odd dealers and remisiers of BT Brokerage Associates have already indicated their interest to join DMG Partners Securities, and if they walk, BT Brokerage is most likely to wind itself down. DMG managing director Ooi
      336 words
    • 639 3  -  r sivanithy HEXT Wednesday, bed linen maker Aussino.com will become the latest local company to undergo a stock split. At an extraordinary general meeting last week, its shareholders voted overwhelmingly for Aussino.com's shares to be reduced from a par value of Ave cents
      639 words
    • 349 5  -  Adviser SSB says no firm decision yet on sale of 16.7% stake in healthcare provider By. Andrea Tan CAPITALAND is looking at several alternatives for its stake in Parkway Holdings, but has not firmed up anything yet, its adviser Salomon Smith Barney (SSB) said yesterday.
      349 words
    • 296 5 AT the request of the Singapore Exchange, Vickers Ballas Holdings (VBH) yesterday finally disclosed what the market had been wondering all week: the carrying cost assigned to the put option granted by DBS Bank to Singapore Technologies Pte Ltd (STPL) in
      296 words
    • 213 5 SEMBAWANG Kimtrans yesterday reported a 31 per cent drop in net profit to $3.06 million in 2000 from $4.4 million a year ago, mainly due to the slower-than-expected progress of its coal transportation project in the second half. Earnings per share fell to 1.19
      213 words
    • 172 5 TIMES Publishing announced yesterday that Tay Koon Tek better known as Denis Tay, 60, group deputy president of Singapore Press Holdings has joined its board as a non-execu-tive director. Apart from his new Times Publishing appointment, Mr Tay sits on the boards
      172 words
    • COMPANYBriefs
      • 74 5 Reuters ELECTRONICS contract manufacturer Omni Industries said it will release its results for the year ended Dec 31, 2000, on March 19. According to Multex Global Estimates, Omni is projected to post a consensus net profit of $42.6 million for 2000. Omni reported an 80
        Reuters  -  74 words
      • 39 5 INNO-PACIFIC Holdings Ltd said yesterday Malaysian businesman Soh Chee Wen has resigned as a director of the company and its subsidiaries with immediate effect. It did not give any reasons for Mr Soh's resignation.
        39 words
    • 255 5  -  Firm says loss and burn rate within expectations By Eugene Low UK-BASED developer of generic biotechnology drugs GeneMedix yesterday reported a net loss of £845,628 (552.15 million) for the year ended Nov 30 but said it was "in line with expectations". The company, which is
      RICHARD CHNG  -  255 words
  • 4255 3 W »v"l, g&» £2! uS aa S.HT «="—as—issua? ~g j. f~ S5, Ascott Jan 31 P 4.789 *****1 131 17L MtyoM FobOO F 6.009 7.034 2.59 3.04 Mtfrahtt DdC 07 I 0.500 ***** 0.12 0.71 NwiLH 9KO P 6 379 2.80 430 AS Auto Dec08 I
    4,255 words

  • SINGAPORE markets
    • 616 4  -  STOCKS r. sivanithy THE merger mania that gripped contract manufacturing stocks on Thursday died down yesterday as players eased back their positions at the end of a busy week. Investors also appeared unwilling to remain exposed to several key blue
      616 words
    • 191 4  -  WARRANT WATCH By R Sivanithy SINCE we last featured it not that long ago, the Flairis Technology warrant has had a superb run up to 27 cents and dropped back to 20.5 cents now as interest in penny stocks fizzled out. But
      191 words
    • 246 4  -  HOT STOCK By Serena Ng THE stock of Neptune Orient Lines is in a consolidation phase and is likely to remain range bound for the time being. It finished flat at $1.31 yesterday on active volume of 5.3 million. The stock has slipped from
      246 words
    • 136 4 SINGAPORE Reinsurance Corporation general manager (finance) Sandy Lam Yeok Ping has resigned with effect from Feb 28. ♦OSPREY Maritime has appointed Tom Haugard E vensen as a director with effect from Feb 8. Mr Evensen is partner, Wikborg, Rein O Attorney at Law. ♦LINDETEVES-JACOBERG secretary Woo Ah Toong
      136 words
    • 360 4  -  CURRENCIES larry wee THE euro struggled to recover from twomonth lows of 90.30 US cents and 104.30 yen hit overnight, but the US dollar was also being forced through crucial support at 114.80 to 115 yen at the Asian close
      Source: Reuters  -  360 words
    • 436 4 Stocks Volume PacificCenturyl Oc 27,828,000 Hyftux 5c 14,668,000 Omni Ind 10c 13,973,000 Chart Semiconductor 26c 13,505,000 CaprtaLand 12,536,000 UOLWtOI 10,709,000 Serial Sys 10c 10,162,000 PCI 25c 9,738,000 Benefun HK10c 8,971,000 GES Intl Ltd 20c 7,305,000 Stocks Chart Semiconductor 26c 82,062,600 DBS Grp 61,600,310 Omni Ind 10c 44,286,200 VentureMfg25c 36,660,400 OCBC
      436 words
  • Page 4 Advertisements

  • Page 5 Advertisements
    • 295 5 I--'. fl n 188 IBS M i HnB spm on I7tn rcb 2uOll Ngee Ann "T™ •>. > 1 /|rL| 1 #I »H Inv EXCITING GAMES ft ACTIVITIES! v u^ll fcVW *"J > Gurmit Sineh Other I Win Instant Cash Prizes Join in the spontaneous fun of games and fun
      295 words

  • SINGAPORE news
    • 415 6  -  Board received 2,202 applications, 12% lower than 03,20% lower than a year ago By Andrea Tan REFLECTING a quieter residential market in the fourth quarter, the Central Provident Fund Board received fewer applications under its Residential Properties Scheme (RPS). The board said
      FILE PHOTO  -  415 words
    • 362 6  -  They express their concerns about the economy to him From Shoeb Kagda in Jakarta SENIOR Minister Lee Kuan Yew yesterday held frank and open discussions with Indonesian business leaders and parliamentarians on the second day of his five-day visit to Jakarta. The
      LUIS ENRIQUE ASCUI/ST  -  362 words
    • 241 6  -  MAiLrm Gerard Low Singapore, via Internet I REFER to your Hock Lock Siew column "Minorities get a good, but not the best, deal" by Lee Han Shih (BT, Feb 15). The writer implied that Singapore Technologies Pte Ltd (STPL), the controlling shareholder of Vickers
      241 words
    • 147 6  -  Ng Gee Chong Singapore, via Internet I REFER to your Hock Lock Siew column "Minorities get a good, but not the best, deal" by Lee Han Shih (BT, Feb 15). Thank you so much for your val-ue-added analysis. Mr Lee should be complimented for it. So
      147 words
    • 215 6  -  Calvin Yong Chee Yean Singapore via Internet I WOULD like to bring attention to the requirement to pay for a TV and radio licence in Singapore. There are no such fees in many other countries such as Malaysia and Indonesia, but more
      215 words
    • 179 6 THE Singapore Aviation Academy (SAA) and the Institute of Air and Space Law of McGill University yesterday signed a memorandum of understanding to jointly organise training programmes, and exchange information on legal issues related to air navigation and transport. A Civil Aviation Authority
      179 words
    • 326 6 BTia'miuwj THE Urban Redevelopment Authority's chief executive officer and chief planner, Tan Kim Siew, is due to leave the statutory board in April, sources say. Dr Tan, 47, has been at URA's helm since May 1, 1996, when he succeeded Khoo Teng Chye,
      326 words
    • 198 6 Hike from 60 in line with HDB'g lian repayment period THE Central Provident Fund (CPF) Board said yesterday that the age ceiling for cover under the CPF Home Protection Scheme (HPS) will be raised from 60 to 65 years from
      198 words
    • 263 6  -  By Andrea Tan THE rate of employers' default on Central Provident Fund (CPF) payments for staff rose marginally in the fourth quarter of last year. Figures from the CPF Board showed that 0.69 per cent of employers defaulted, which is higher than the 0.68
      Source: CPF Board  -  263 words
    • 34 6 THE initial investment by DuPont Photomasks in its newly-opened Changi photomask plant is US$45 million (5578.4 million), not US$25 million as incorrectly reported on Thursday. We are sorry for the error.
      34 words
  • Page 6 Advertisements
    • 23 6 Am*. The Straits Times Classified where ff virtually every 1 j vehicle is f I at your fingertips. w CAT.S. -M l I
      23 words
    • 68 6 We welcome letters. E-mail us at btietterQ sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear
      68 words

  • CORPORATE governance
    • 3418 7 The following are extracts of a speech given by Tharman Shanmugaratnam, deputy managing director of the Monetary Authority of Singapore, at the Investment Fund Awards held at the Ritz-Carlton hotel last evening THE capital markets are undergoing a sea change. Technology and the Internet have opened
      RICHARD CHNG  -  3,418 words

  • REGIONAL news
    • NOTEBook
      • 107 8 AFP [SINGAPORE] East Timor leader Xanana Gusmao met Prime Minister Goh Chok Tong yesterday for talks on the progress of rebuilding the country. The meeting at the Istana was held before Mr Gusmao was to check in at a hospital here for medical treatment.
        AFP  -  107 words
      • 85 8 Bloomberg [BOMBAY] India's central bank said it has cut the benchmark bank rate, or the rate at which it leads to banks, by half a percentage point to 7.5 per cent from 8 per cent, with immediate effect. The Reserve Bank of India also announced
        Bloomberg  -  85 words
      • 94 8 AP [KUALA LUMPUR] Malaysia's manufacturing sales in December fell to RM28.4 billion (S|l3 billion), down 4.4 per cent from November, reflecting slowing global demand. However, data released yesterday by the national statistics agency also showed that sales rose 15.9 per cent compared to December 1999
        AP  -  94 words
      • 24 8 Reuters oversees Ibra, was almost certain to fiD the port as head Restructuring Unit," one source said. —Reuters
        Reuters  -  24 words
      • 74 8 Reuters [JAKARTA] Indonesia's international phone firm PT Indosat yesterday said it would pay US$260.4 million (S$453million) for 70 per cent of another company's stake in cellular firm Satelindo, following a recent deal with PT Telkom on ending crossholdings. State-run Indosat will buy the stake from PT
        Reuters  -  74 words
      • 67 8 Bloomberg [MANILA] Ayaia Corp of the Philippines said 2000profit declined 38 per cent as a slump in banking and property units offset growth in phone and food businesses. Net income tumbled to 3.2 billion pesos (S$117.4 million) from 5.1 billion pesos in 1999. Hie company earned
        Bloomberg  -  67 words
      • 42 8 Reuters [HONGKONG] Pacific Century Insurance (PCI) yesterday said that shareholder Pacific Century Regional Developments was in talks on the possible sale of its PCI shares but denied rumours that China Insurance International was interested. Reuters
        Reuters  -  42 words
    • 440 8 KUALA LUMPUR Analysts see politics, rather than economics, keeping Utama out of union Reuters MALAYSIA'S Utama Banking Group Bhd has shelved talks to merge with EON Bank, leaving Utama without a partner following the nation's biggest ever banking shake-up. But analysts
      Reuters  -  440 words
    • 58 8 AP [MARIKINA, The Philippines] Former Philippine First Lady Imelda Marcos pointing to one of her shoes she wore while in power, during the opening of the shoe museum yesterday in suburban Marikina City. Some2ooofthe 3,ooopairs of shoes of Mrs Marcos were on exhibit at the
      AP  -  58 words
    • 307 8  -  Proposal part of move to restructure RM5.9b debt From'. Diana Oon Abdullah in Kuala Lumpur DEBT-LADEN conglomerate Lion Group yesterday made some progress on its massive RM5.9 billion (552.7 billion) debt-restructuring exercise started last year, announcing proposed asset swaps with the Johor Corporation.
      307 words
    • 332 8 KUALA LUMPUR AP PRELIMINARY talks between Malaysian Prime Minister Mahathir Mohamad's party and a powerful opposition group went ahead yesterday after earlier being called off by officials on the government side. Officials from Dr Mahathir's United Malays National Organisation (Umno) and the fundamentalist
      AP  -  332 words
    • 1146 8  -  WRITER'S JOURNAL Reforms can wait. Taiwan's Kuomlntang Just wants its prodigal son to be Its saviour karim raslan IT MIGHT seem odd for a Malaysian to be interested in Taiwanese politics. Superficially, there would appear to be very few similarities between the embattled, if prosperous, island
      1,146 words
    • 589 9 JAKARTA Recent deal meant to ensure Jakarta's first rights over Sinar Mas assets Reuters A RECENT debt deal Indonesia struck with troubled Sinar Mas Group was a strategic move by the crisis-hit government to ward off foreign creditors holding a massive US$ll
      Reuters  -  589 words
    • 404 9  -  From. Audrey Tan in Hongkong FOREIGN direct investments (FDI) in Hongkong should not drop this year despite the US economic slowdown, as multinationals will use Hongkong to gain a foothold into post-WTO China, a government official said yesterday. John Wan, acting
      404 words
    • 600 9 JAKARTA AFP INDONESIA'S government is unlikely to change its stance on limiting the independence of the country's central bank, despite strong pressure from the IMF, the country's Chief Economics Minister Rizal Ramli said on Thursday. Dr Rizal, who has complained
      AFP; FILE PHOTO  -  600 words
    • 198 9 BEIJING Reuters THE deepening reforms to China's once command economy will force urban state firms to lay off 6.5 million workers a month this year, the official People's Daily reported yesterday. The xiagang workers laid off but kept on state firm payrolls with token
      Reuters  -  198 words
    • 189 9 HONGKONG Bloomberg MOODY'S Investors Service changed the outlook on Hongkong's A3 foreign currency rating to positive from stable, a week after rival rating agency Standard Poor's lifted its sovereign rating on the city. The change also comes a day after Hongkong named Donald Tsang
      Bloomberg  -  189 words
    • 552 9 BEIJING CLSA aims to be first European firm to help Chinese firms sell shares to local investors Bloomberg CREDIT Lyonnais Securities Asia Ltd (CLSA) and Xiangcai Securities Co are in talks to form an investment bank in China, where
      Bloomberg  -  552 words
    • 420 9 MANILA Ousted leader says he would consider giving up the presidency to Arroyo Reuters OUSTED Philippine leader Joseph Estrada has offered to go quietly if the Supreme Court rules he is still president, his lawyer said yesterday. Lead counsel Rene Saguisag
      Reuters; AFP  -  420 words
  • Page 8 Advertisements


  • WORLD news
    • 532 10  -  Meanwhile political pressure mounts on Mori to quit as prime minister From Anthony Rowley in Tokyo THE sense of pending crisis in Japan was heightened sharply yesterday as a government agency and the Bank of Japan (BOJ) both downgraded their outlook for
      532 words
    • 223 10 TOKYO Reuters JAPAN'S securities watchdog on Thursday urged regulators to take action against employees at local units of two Swiss and German financial firms for violations involving exchangeable bonds (EBs). It is the first time the Securities and Exchange Surveillance Commission (SESC) has
      Reuters  -  223 words
    • 47 10 (GOLD COAST CITY] Thrill seekers hurtle through a corkscrew on the new state-of-the-art Lethal Weapon ride at the Warner Bros Movie World theme park near Gold Coast City, yesterday. Movie World is celebrating its 10th anniversary as one of Australia's premier tourist attractions. AFP
      AFP  -  47 words
    • 537 10 k WASHINGTON Bnt faltering business, consumer confidence could dampen outlook Reuters FEDERAL Reserve officials have joined a chorus started by Fed chief Alan Greenspan, giving a upbeat outlook for US economic growth in the latter part of this year but warning that faltering
      Reuters  -  537 words
    • WORLDWatch
      • 70 10 Reuters [BOMBAY] India's central bank announced a cut in interest rates yesterday in what economists saw as a bid to help lift flagging economic growth ahead of a national budget due later this month. The Reserve Bank of India (RBI) said it was cutting the
        Reuters  -  70 words
      • 59 10 Reuters [SEOUL] South Korea's Daewoo Motor Co sent layoff notices to 1,750 workers yesterday after torturous talks for voluntary resignations collapsed, removing a major obstacle to selling the bankrupt automaker. Analysts said the layoffs will help jump-start acquisition talks with General Motors Crap and its
        Reuters  -  59 words
      • 99 10 Reuters [GLASGOW] British Chancellor of the Exchequer Gordon Brown said yesterday that he would stick to the tough fiscal rules he had imposed since the Labour government took power in 1997. Mr Brown said his March budget would "lock in" that stance but
        Reuters  -  99 words
      • 83 10 Bloomberg [LONDON] Lloyds TSB Group pic indicated second-half profit rose 5 per cent as Britain's No 4 bank, which is trying to buy Abbey National pic, earned more from insurance and set aside less money for problem loans. Net income rose to £1.26
        Bloomberg  -  83 words
    • 305 10 ■TOKYO Reuters THE Osaka Securities Exchange (OSE) yesterday said it aims to become a stock company on April 1 to meet stiffening inter-market competition by expediting its de-cision-making and widening fund-raising options. The demutualised OSE is expected to be capitalised at 4.12 billion
      Reuters  -  305 words
    • 580 10 WASHINGTON Inflation fears may now force the Fed to treat interest rate cntswithcantion Bloomberg, Reuters US PRODUCER prices shot up at their fastest pace in more than a decade in January, the government said yesterday in a report suggesting
      Bloomberg,; Reuters  -  580 words
    • 244 10 NEW DELHI Reuters AN Indian inventor said yesterday he had been given a US patent for a device that would allow advertisements, movies and music to generate scents. Sandeep Jaidka, 37, told Reuters the small device could be attached to a
      Reuters  -  244 words
    • 1017 11  -  I FTTEPU.I.imWU.II.I.H.I.I Bill and Hillary Clinton are still the centre of attention; meanwhile, George W and Laura Bush appear to have quiet lives Leon Hadar SINCE Inauguration Day, Washington's political pundits have been devoting hours of television airtime to reports, analyses and just
      1,017 words
    • 381 11 SAN FRANCISCO Reuters BILL Clinton comes to Silicon Valley? Apparently not. Software giant Oracle Corp quickly quelled rumblings on Thursday that a scheduled speech by former president Clinton at an upcoming event was but a prelude to adding the man the
      Reuters  -  381 words
    • 417 11 WASHINGTON Moderate Republicans break ranks to oppose proposed size of cat LAT-WP THE first signs of trouble for President George W Bush's tax-cut measure have surfaced on Capitol Hill, with moderate Republican lawmakers breaking ranks to come out against the proposed size of the
      LAT-WP; AFP  -  417 words
    • 474 11 NEW YORK At the same time, they sell assets to agreed bidders Reuters FIRST, it was Trans World Airlines and Vlasic Foods International, and now it is Loews Cineplex Entertainment and Bridge Information Systems. In a few short weeks, these diverse companies filed for court-sponsored
      Reuters; REUTERS  -  474 words
    • 316 11 WASHINGTON Charles James made point in interview last April Reuters PRESIDENT George W Bush's pick to head the Justice Department's anti-trust unit has made public comments against the breakup of Microsoft Corp, a departure from the position of the Clinton administration and the states that
      Reuters  -  316 words
  • Page 10 Advertisements
    • 343 10 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 12*98 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ONG TOH PROPERTY PTE LTD (Incorporated in th« Republic of Singapore) (In liquidation) 1 Villimlifiru WmMmn I In rncmDwj oiumury vrinainyvp At an Extra-Ordinary General
      343 words
    • 294 10 IN THE MATTER OF KANGTAO.COM PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. SO, that a Final General Meeting of the members of the above mentioned Company will be held at the office of the Liquidator, 101 A, Upper Cross
      294 words

  • Page 11 Advertisements
    • 275 11 fi 1 Moody's Singapore Pte. Ltd. Moody's Investors Service, the global rating agency, has built I a world-wide reputation for Independent opinions on credit risk. I In response to the rapid growth of Moody's business in the Asia I region, Moody's Singapore Pte. Ltd. is currently recruiting for I the
      275 words

  • MOTORING
    • 1226 12  -  Christopher tan drives the Saab 9-5 and BMW 520 i, twin peak performers which may have been separated at birth CHRISTOPHER TAN ALONE light green Saab 9-5 punches through the night air with bullet-like effortlessness, following the winding road in a stealthy manoeuvre that goes unnoticed.
      1,226 words
    • 905 12  -  The 46-year-old former lawyer met journalists at the company's 2001 media conference By Christopher Tan whjen tne Doara 01 directors at nayeriscne Motoren Werke gather in that hallowed hall in BMW Haus, Munich, the topic that invariably dominates discussion is something readers of
      905 words
    • 335 13  -  Han Liang Yuan (Ms) Manager, Media Relations Land Transport Authority Here's a reprint of the Land Transport Authority's letter that first appeared in BTonFeb 12. It was in response to proposals to keep motor traders out of COE bidding. THE vehicle quota
      335 words
    • 232 13  -  Patrick Tan Choon Hong Singapore, via Internet 1 REFER to the letters "Car pricing packages left to the market: LTA" by Han Liang Yuan (BT, Feb 12) and "Car market competitive but inefficient" by Richard Chee (BT, Feb 13). Mr Chee could not be
      232 words
    • 168 13  -  Chan Weng Kong, Singapore, via Internet I REFER to the letter, "Car-pricing package left to the market: LTA", by Han Liang Yuan (Mailbag, Feb 12). Ms Yuan said the main concern of the government is to ensure the vehicle quota system is
      168 words
    • 234 13  -  Han Liang Yuan (Ms) Manager, Media Relations Land Transport Authority I REFER to the letter by Yeow Kah Leong, "Smoke gets in my eyes" (Wheel Matters, Feb 10). Mr Yeow has highlighted that a growing number of cars are fitted with ul-tra-bright headlamps. £.;> Vehicle
      234 words
    • 220 13  -  Han Liang Yuan (Ms) Manager Media Relations Land Transport Authority I REFER to the letter "Car market competitive but inefficient" by Richard Chee (Mailbag, Feb 13). Under the current Vehicle Quota System, Certificates of Entitlement (COEs) (except the Open Category and Category C for
      220 words
    • 201 13  -  Alfred Lim Singapore, via Internet I REFER to the letters "Car pricing packages left to the market: LTA" by Han Liang Yuan (Mailbag, Feb 12), and "Car market competitive but inefficient" by Richard Chee (Mailbag, Feb 13). I, too, am glad to note that
      FILE PHOTO  -  201 words
    • 326 13  -  Han Liang Yuan (Ms) Manager, Media Relations Land Transport Authority Edward John Tailford for Permanent Secretary Ministry of the Environment 1 REFER to the letter "LTA bias against diesel cars not justifiecTby Tio Ngee Huan (Wheel Matters, Feb 10). The Land Transport Authority
      326 words
    • 193 13  -  Han Liang Yuan (Ms) Manager, Media Relations Land Transport Authority Edward John Tailford for Permanent Secretary Ministry of the Environment I REFER to the letter "More freedom to modify vehicles" by K W Tham (Wheel Matters, Feb 10). We agree with Mr Tham that modifications to
      193 words
    • 173 13  -  Christopher Tan [SINGAPORE] We Ye often told Volvos are safe, but what are the exact components that make them so? Volvo distributor S M Motors is playing show-and-tell with this cut-out display of the Volvo SBoat its Alexandra Road facility.
      173 words
    • BUMPER to BUMPER
      • 62 13 CY CLE it Carriage says fewer than 100 of the Mitsubishi cars in Singapore are affected by the latest recall instituted by the Japanese government. Cars affected here are some seven and eight-year-old Galants (defective ball joints) and some Pajero Minis (defective airbag sensors).
        62 words
      • 97 13 FANCY the Volkswagen Golf but wish it were bigger? Check out the Golf Variant, the stationwagon form of Europe's leading compact. With a body that's 24.8 cm longer (nearly a foot), the Golf Variant now has a stowage capacity 0f460 litres. It
        97 words
      • 75 13 VOLKSWAGEN i 8 the official car sponsor of the Caltex Singapore Masters and Charity Pro-am golf tournament. The four-day event, scheduled for Feb 22-25, is sanctioned by the European and Da vidoff tours, and boasts a purse of US$B5O,OOO. Top names like
        75 words
      • 70 13 THE Singapore Motor Sports Association's first race of the year kicks off today at the Kallang Carpark F, from spm to 2am. A record 192 entries were received for the SMSA Sprints/Supersprints. Highlights include the maiden participation of a Honda S2OOO (driven by Lester
        70 words
      • 105 13  -  Compiled by Christopher Tan VOLKSWAGEN is planning to set aside about one billion Deutachemarks (SsBl7 million) to comply with a European directive on scrapping "end-of-life vehicles (ELVs)". According to the Financial Times, the provisions, to be taken against the group's 2000 accounts, would be
        105 words

  • Page 13 Advertisements
    • 98 13 I* 'it have 1 something the best letter to WHEEL motor related to jet off MATTERS each month \A/ fIG Si vorth otr U .-r:t ;.s niaLUcrS ,ouchers Prizes'' and su j jestions from I are sponsored by I readers. 1 STAMFORD TYRES. The AUTOMOBILE ASSOCIATION OF icjapore s only
      98 words

  • e-NEWS
    • 564 14 PALO ALTO Company not expecting a return to double digit revenue growth this year AP QUARTERLY net earnings plunged 59 per cent at Hew-lett-Packard Co, but the hightech bellwether still met Wall Street's lowered expectations. "Clearly, this was a tough quarter and our results reflect
      AP  -  564 words
    • 298 14 TAIPEI Bloomberg HEWLETT-Packard Co (HP), the world's second-largest computer maker, plans to step up the purchase of electronic products from Taiwan by US$75O million (Ssl.3 billion) this year in a move to lower costs. The company will buy up to U555.75 billion worth of
      Bloomberg  -  298 words
    • 345 14 TORONTO Company says US downturn is sharper than expected AFP TELECOMMUNICATIONS giant Nortel Networks issued a profit and revenue warning after markets closed on Thursday, saying it would cut a total of 10,000 jobs this year 6,000 more than previously announced. It
      AFP  -  345 words
    • 195 14 PALO ALTO, California Reuters LARRY Ellison, founder and chief executive of software titan Oracle Corp, sold U*****.8 million (551.56 billion) in company stock in January, according to a filing with the Securities and Exchange Commission. It was the first such sale by Mr Ellison
      Reuters  -  195 words
    • 592 14 HONGKONG Hutchison Whampoa, Cheung Kong to pay USs74m for 3SL3m shares, price is 30% discount to Thursday's dose Bloomberg HONGKONG billionaire Li Ka-shing threw a lifeline to Priceline.com Inc, when he agreed to buy about a fifth of the US online auctioneer in
      Bloomberg; FILE PHOTO  -  592 words
    • 591 14 The company says it will lay off 4% of workforce; plans to keep lowering prices AP [AUSTIN] Dell Computer Corp made the best of a bad situation in the fourth quarter. But things aren't likely to improve any time soon. After announcing it would
      AP  -  591 words
    • 348 14 ■TOKYO Vodafone stands to gain a better foothold in Japan's mobile phone market Reuters US TELECOM firm AT&T Corp is considering selling its 15 per cent stake in Japan Telecom Co Ltd, Japan's third largest-carrier said yesterday. "It's true that AT&T is thinking
      Reuters  -  348 words

  • FINANCE & commodities
    • 283 15  -  SGX Derivatives TraitUn&Report ST Index/MSCI STpore Index Wong Ann Chuen Refco Singapore THE Singapore stock market was mixed yesterday, as Capita Land took a beating versus bullish computer related stocks. At the close, the benchmark Straits Times Index was 3.99 points or 0.2 per cent
      283 words
    • 256 15  -  MSCI Taiwan Index Lau Chee Keong Refco Singapore THE Taiwan stock market closed modestly lower yesterday as technology stocks lost steam on profit-taking ahead of the weekend despite a sustained raUy in Nasdaq on Thursday. Fear of profit-taking in US markets in Friday
      256 words
    • 314 15 London Reuters THE US dollar was soft yesterday after gyrating on remarks by US Treasury Secretary Paul O'Neill which caused confusion over Washington's "strong dollar" policy. The US dollar fell after German newspaper Frankurter Allgemeine Zeitung quoted Mr O'Neill as saying in an interview that the US was
      Reuters  -  314 words
    • Article, Illustration
      1041 15 nrraEMAMEQBOWBATI Febie h$ g 9* e— m- o» tots t— ww w wz$n>is h*o s$ mts w pwh us$ AetraUa 0JH 4395 0.513 3JZ2 1140 4122 24.509 50JOO (un 6.571 2.000 1232 ***** 25.120 0.921 494 0J94 17.053 22.404 0564 0520 (Ml 1234 1410 am 4.7)4 1406 5.004 ***** *****
      1,041 words
    • 1742 15 8IC0M FUTURES Feb 16 MWB 9*mdwN«HU6pti RSS1 CONTRACTS certsAfl) OH> JW» «PP Month Uw SOt tim** ***t itaTor ioi!oo iosioo iosS So So Apr 0) 107.75 800 Stay ot no.25 100 JM 01 *750 «00 RSS 3 CONTRACT (US cenfcAq) J*** mm wnfc Lwr S«tt CImm* Iwtomt Mar 01 «t00
      1,742 words
  • Page 15 Advertisements

  • STOCKS east asia
    • 2765 16 HONGKONG AFP PHangSeag -12(106 HONGKONG share prices fell 0.8 per cent yesterday with expectations Wall Street would fall later in Friday trading following weaker-than-expected fourth quarter results for Dell Computer, dealers said. The key Hang Seng Index lost 126.06 points
      AFP  -  2,765 words
    • Article, Illustration
      1032 16 Reuters Fl Shenzhen B Index +0*52 CHINA'S stocks closed mixed yesterday, bouncing off technical support levels and recouping morning losses caused by a stern warning against stock price rigging from the country's top market regulator. Zhou Xiaochuan, chairman of the China Securities Regulatory Commission, said in remarks reported in
      Reuters; Source: Credit Lyonnes Securites (Asia) Ltd  -  1,032 words
    • 378 16 AFP □WP Index -58J7 TAIWAN share prices closed one per cent lower yesterday on profit-taking after reaching a new high for this year the previous day, dealers said. The Taiwan Stock Exchange Weighted Price Index shed 58.57 points to 6,045.67, on turnover of NT5166.70 billion. The market opened higher
      AFP  -  378 words
    • 2057 16 AFP □Nikkei 225 -15U0 TOKYO share prices edged down 1.1 per cent yesterday following a profit warning by Nortel Networks in the US and as a stronger yen pressured exporters, a dealer said. The Tokyo Stock Exchange's key Nik-kei-225 index lost 151.90 points to
      AFP  -  2,057 words
  • Page 16 Advertisements
    • 45 16 I H v i pj ps 1 MMWMiHM s -M««BraMßiiMaytfithlß^^ M m "fiiH^BHiHHEiBHiGBH&GHHnN^ HHHHHHH Mw-- -K. ■> •IMHM^MW^^MMBWWMHBwireiyw^iTHIMIMro .4 jßilp .ry *< ifI^9Hj^^HBQHHHHHHHHHHHHHHH9H^ffiHH9B^BBE| WBBBB&L I I I aMM V ■UliiliUliitt&llilUfl^HHH^ Li L*J ll* n k fI^BHHHH^H^HH *p-t, «iv':'W^H': v 9 MUtt |R|B 9H|HRHRHBBHHHH||HHH mu— .....u .«.™i... THEBIMNESSTMg
      45 words

  • STOCKS klse
    • 7675 17 INDUSTRIALS Cimur protects 2001 LMt Vol Day M«t Cap Low Company Solo 'OOP L 340 300 Ajinomoto 310 "-O 'fSS 45 30 Angkasa -40 6 19 40 M S 59.0 342 286 ApoHoFoodHIg 330 unch 2 330 330 73 02.0 •jc/; ->rta i«i« ru* 344 2 5 344 344 IJ.O
      7,675 words
    • 374 17 AFP Pi Composite Index +X3a MALAYSIAN shares closed 0.5 per cent higher yesterday following a rise on Wall Street, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended up 3.33 points at 714.66. The Second Board index rose 0.53 to 128.06.
      AFP  -  374 words
  • Page 17 Advertisements

  • SGX clob & regional stocks
    • 2667 18 BONDS A WARRANTS Feb 16 ■t Ms frm! hpky S2-«Mk Lot M tar UilQiHl A* \mm4 Um Urn Mk Mia W«* Lea fi I I Mi «r- COM) M«k lew br> Mkr Mn laHMk Mm Imm UN 47 1 s Acma W*****4 I 1 unch 31 1 1 1 1.5
      2,667 words
    • Article, Illustration
      750 18 AFP H SET Index THAI stocks rose 0.3 per cent in cautious trade yesterday as investors waited for new Prime Minister Thaksin Shinawatra's Cabinet line-up to be unveiled this weekend, analysts said. The Stock Exchange of Thailand (SET) Composite Index added 0.85 points to finish at 316.0 and the
      AFP  -  750 words
    • 291 18 AFP ri Composite Index +LB6 PHILIPPINE stock prices rose just 0.1 per cent yesterday with the Philippine Stock Exchange Composite Index up 1.86 points at 1,689.91. Volume rose to 1.26 billion shares worth 945.35 million pesos from 572.22 million shares worth 533.43 million pesos on Thursday. —AFP F«6J6 Peso
      AFP  -  291 words
    • Article, Illustration
      719 18 AFP Q Composite Index -BJ4 INDONESIAN share prices dropped 1.8 per cent yesterday, led by profit-taking in telecoms companies Telkom and Indosat, dealers said. The Jakarta Stock Exchange Composite Index closed down 8.14 points at 432.08. Declining stocks led advancers 90 to 25. The market correction was healthy after
      AFP  -  719 words
    • 266 18 AFP PMSE-40 +&53 NEW Zealand shares rose 0.3 per cent yesterday as falls in market leader Telecom Corp were offset by rise in other major stocks, dealers said. The NZSE-40 Capital Index closed up 5.53 points, or 0.3 per cent, at 1,966.33 on turnover of NZ$B2.2 million. —AFP N>W
      AFP  -  266 words
    • 554 18 AFP PADOrdmtrieg -(UP THE Australian share market closed 0.2 per cent lower yesterday with gains in the resource sector offset by losses in other blue chip stocks, brokers said. The All Ordinaries index closed 5.1 points weaker at 3,267.1 while the SP/ASX 200 lost 5.6 points to 3,320.1. National
      AFP  -  554 words
    • 318 18 AFP F1 Composite Index +L 29 SOUTH Korean shares rose 0.2 per cent yesterday with the index up 1.29 points at 604.92. Volume was 316.8 million worth 1.8 trillion won. —AFP fat* Won *h Anam Semi 4540 -260 Brain Tech 60S 5 Central Ban* 170 unch ChellComm ***** 5500
      AFP  -  318 words
  • Page 18 Advertisements

  • 9230 19 SGX MAXNBO ARD Transaction date: Feb 16 Cr Cr M Wt 52-Wk Last Vol Day Last Quota Dl* Dlv YM Nat Cap Avq High Low Company Sala COOP) Htgft Low Buyaf Seller C'vr H P/E $mll Prlca MULTI-INDUSTRY 158 55 mc AcmaSOc 55 2.5 403 57 55 55
    9,230 words
  • Page 19 Advertisements

  • Page 20 Advertisements
    • 56 20 I Contact Anne Tan 740 6127 or Amy Choo Q 740 1559 now. «dish e —F Advertise in Wine, Dine Entertain of The Business Times 140,000 readers are seeing this advertisement right this very moment. and reach oul ***** 000 rcadm daily I V Contact Anne Tan 740 6127 jf
      56 words
    • 90 20 m ifa %i> Jlf^™ 1 4 HnnnMHMHH lL I f ill 1 HH|^bH| h& J [w j 11 [f 11 S 1 w>*S Bi ■I- I m JrB #liBNia s g**! i^^H^BBB^^^«^BI^BS9^BH&B^^nji^SEEu93s r 1 B TL»S Y B A.JI o %M« IMI I B jr I BB 4flk tti 4V
      90 words
  • Page 20 Miscellaneous
    • 783 20 Tv [TSI GMttvft ft iiHHiv' Suddenly Susan: The &30 Papa (M/Drama). LOO Headlines. !n Wish List o*o Hairy Boy. LO2 Medical Break--8.00 AM Kids Central. The 9J30 News 5 Tonight. IL3O Wanita Dan Pemuda through. aoa n^!i S 10*0 J.A.G. Desa L3O Corporate Watch (R). uwn inn iw an H
      783 words
    • 285 20 CBTPTIC CROSSWORD ACROSS ring? (6,2,7) 1 Man, fellow player, is the one 5 l evel about to take a who does wrong (10) L 6 Many a pofiician to take up tem- 7 to remove 9 8 SSgJJSL <*"" brandy 10 hotsTtox^r 6 PanSian opera 11 Pubfic space in school
      285 words

  • TheArts
    • 1569 21  -  PARVATHINAYAR looks at a new trend where companies buy up entire arts shows for the night for marketing alliances, staff rewards and arts patronage PARVATHI NAYAR ATHEATREFULof suited corporates watching a bohemian arts show—and enjoying it? The stuff of many arts groups' dreams is becoming a reality, what
      RICHARD CHNG  -  1,569 words
    • Untitled
      • 914 22  -  The Filipino-Singaporean cast does a commendable rendition of Rent, but lacks the buzz and energy of the real McCoy at Broadway, jaime ee reviews JAIME EE TO get into a New York state of mind, it helps if you're, well, there. But if you can't, you
        FILE PHOTO  -  914 words
      • 518 22  -  The Children First! arts festival looks set to dazzle with entertaining yet polished works By Aaron Lye IF you think children's theatre is just kid's stuff, Act 3's upcoming Children First! arts festival might change your mind when you look at the line-up on offer. Playing a prominent
        518 words
      • 407 22  -  By Christine Zita Lim Christine Lim is a freelance writer LAST Sunday evening, I lost a friend, but the Singapore theatre scene lost much more. And the final curtain may have fallen on the Asia-in-Theatre Research Centre with the passing of its
        407 words
      • Article, Illustration
        460 23  -  Three New Divas was an artistically put-together intimate concert, says CHEAHtn-HOOM CHEAH UI-HOON PARDON me if I say this, but the recent Jacintha Presents— Three New Divas was a surprisingly successful music presentation. Surprising because even though it was media-sawy and drummed up ample media exposure, I dare
        460 words
      • 476 23  -  6 groups, and 2 independent choirs, present a night of song that will benefit needy students By Cheah Ui-Hoon SINGING in the school choir may admittedly not be one of the more glamorous extra-curric-ular activities, but several choirs have been polishing up Singapore's
        476 words
    • 117 23 Emerson Quartet Debut concert by the acclaimed Emerson Quartet, performing Quartet in C minor, Op 51 No 1 by Brahms, Barber's Adagio from Quartet Op 11 and Quartet in C-sharp minor, Op 131 by Beethoven. Feb 19, Victoria Concert Hall, B:lspm. Tickets priced at $11, $21, $31 and $41
      117 words
    • 266 23 The Canterbury Tales Performed to a sell-out audience in 1996, this dramatic presentation of six stories from Geoffrey Chaucer's The Canterbury Tales includes an element of interactivity— the six performances will compete against each other for the night's prize, with the judges being the audience. Feb 21-24,8pm, Jubilee Hall,
      266 words
    • 101 23 Recent Works of Dipali Bhattacharya The first exhibition by Indian artist Dipali Bhattacharya in Singapore. Features paintings of Indian women in contemplative and romantic moods. Until Feb 17,11 a- 7pm (Mon-Fri), 12pm-6pm (Sat& Sun), Galerie Belvedere, #01-09 MITA Building, 140 Hill Street. Free admission. Simply Enchanting A solo exhibition
      101 words
    • 123 23 Spiritual Colours of Chinese Artistic Models A lecture by Tan Swie Hian in Chinese, with simultaneous translation into English, on the concept of artistic creation and the originality of the artworks by Chinese master artists Wang Wei, Guo Xi, He Shaoji and Li Shutong. +Feb 17,2:30pm, Creative Resource Auditorium,
      123 words
    • 63 23  -  Compiled by Aaron Lye Womadeiaide 2001 Australia's premiere world music festival Womadeiaide will feature performers from over 30 countries including Nigerian "Afrobeat" star Femi Kuti and Armenian duduk performer Djivan Gasparyan. +Feb 16-18, Adelaide City Botanic Park. Weekend admission passes priced at $148 (adults), $128 (adult group concession
      63 words
    • Article, Illustration
      145 23  -  By Aaron Lye The buzz: Simply Enchanting, an exhibition of ceramic artworks using varied materials, including white stoneware, buff raku, raku clay and terracotta. Plot and pteyora: Simply Enchanting is a solo exhibition by veteran artist Ong Kid Ching, who studied pottery under awardwinning Singaporean artist Lim Hua Choon.
      145 words
    • NewAsiaBizWoman
      • 813 24  -  parvathi nayar catches up with artist Gloria Petyarre who has played an instrumental role in developing Aboriginal women's art PARVATHI NAYAR Aboriginal artist Gloria Petyarre is dressed in black, appears shy and apologises about her paint-stained fingers as we shake hands. My unfamiliarity with her accent, her way
        RICHARD CHNG  -  813 words
      • 706 24  -  An exhibition on Australian aboriginal art displayed sheer energy and contemporary vibrance Thj Venka Purushothaman Venka Purushothaman is a lecturer of art theory and arts management at Lasalle-SIA College of the Arts IN an art world terrorised by the proliferation 01 western-inspired abstract and conceptual
        706 words

  • Page 22 Advertisements
    • 129 22 I Question 1: Hong Laoog Finance and Singapore Finance are sponsoring the musical group from England, I The Chipolatas. Answer :[U Tree I t False I Question 2: Name two of (he three Best of British companies I■-,C -I ill cirjll Til n 1-JiT r 111 i I penorming or
      129 words