The Business Times, 10 March 2001

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Total Pages: 24
1 24 The Business Times
  • 15 1 THE BUSINESS TIMES MITA /P\ n»vi9/i>nnn SINGAPORE Internet: nttp://business-times.asial .com.sg/ SATURDAY, MARCH 10, 2001 85C
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  • 76 1 Dsn IyBKL32 (-6.86) mBT-SU M nut (-1.8 I) a ST INDEX nfllllflS MO&JOO (-18.00) nsmamuKEs mm M 44» (-1.40) STOCK BASKET INDICES Friday Change KLSEOOMP *****. Ll« NIKKEI 225 12,627JO -22.68 HANG SENG 14.194J6 -14.60 SET INDEX 387J) +424 JAKARTA COUP 414.11 -1UI MANILA COMP -1.18 TAircrwn *,<wo«
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  • 81 1 FOBEX BATES us$ ss USS (SS per IBS) L7H £{US$/S$per£) 1.472 2587 EUBO(USS/8C/E) 0.9J2 1.838 DM 2.998 L194 YEN JIM 68.10 RM I860 2.162 HK$ 7 JQO 4.438 BAHT 41M K78 RUP1AH 10,117 6,766 •SSto 100 units PUKE BATES SINGAPORE* 5.80 KUALA LUMPUR 7.«7 JAKARTA .19.00 BANGKOK #56 MANILA
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  • 638 1  -  ■TI4!HIIUWJ Capita Land studying redeveloping prime Golden Shoe, Market St carparks: sources By\ Kalpana Rashiwala [SINGAPORE] Capita Land is studying the feasibility of redeveloping its prime Golden Shoe and Market Street mul-ti-storey carparks in the Central Business District, sources told BT. And to
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  • 735 1  -  TAMC will absorb 70% of losses, take only 10% of gains From Harish Mehta in Bangkok THAILAND yesterday unveiled a much-awaited bailout of its troubled banks by a proposed state corporation. It will buy bad loans from the private banks at net book
    735 words
  • 481 1 Vice-president Deena Mehta to take over helm at Asia's oldest bourse Reuters, AFP [BOMBAY] It has taken 125 years for a woman to don the mantle of the president of the Bombay Stock Exchange (BSE). Yet, after two years waiting in the wings
    Reuters,; AFP  -  481 words
  • 55 1 US stocks fell as investors bet that Intel Corp's lowered sales forecast and a report showing quickening job creation suggest that interest rates won't be cut soon. At 11am EST, the Dow Jones industrial average was down 188.33 at 10,669.92, while the Nasdaq composite index
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  • 655 1  -  By < Christopher Tan [SINGAPORE] Businessmen, brace yourselves. The new COE quota for commercial vehicles will be less than onethird of last year's allocation. This can only mean one thing: the cost of goods vehicles will head upwards. But the good news
    655 words
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  • NEXT page
    • ON THE grapevine
      • 150 2 TRADING room jargon wouldn't be complete these days without the terms "quant" and "rocket scientist" used to describe those people outstanding at building quantitative financial models, pricing exotic options and the like. And now they seem to be finding their way into boardrooms. A Citi source reveals
        150 words
      • 114 2 STILL on the subject of Citi, you may be able to retire and go fishing sooner than you thought, and let the young 'uns take over. Citi's Singapore outfit recently announced a pilot scheme at ACS independent school, called Foundations in Finance. Volunteers from the US bank
        114 words
      • 66 2 m w INTERNATIONAL human resources consulting firm Right D&A has appointed Lou Bar an head of organisational consulting in Asia. Right D&A specialises in cushioning the impact of retrenchment when companies are taken over. In the past six years, Mr Baran has directed the "people" side of many
        66 words
    • 697 2  -  Analysts blow hot and cold over its dampening effect From< Catherine Ong in New York AS heavy snow, sleet and strong wind pounded the midwest and north-east region of the United States, discussions about the unusually cold winter have turned to
      697 words
    • 87 2 IN the table accompanying the article "More listed companies cut dividends than raise them" (BT, March 7), we erred in stating that Hwa Hong Corporation cut its dividend from 2.75 cents in 1999 to 1.25 cents in 2000. The company has pointed out that the figures were not adjusted
      87 words
    • 683 2  -  4 more UK universities too; NUS law faculty intake will also be raised By< Conrad Raj [SINGAPORE] The government will recognise Australian and New Zealand law degrees and increase the annual intake of students at the Law Faculty here to
      683 words
    • 810 2  -  Markets expect new radical monetary measures Fromi Anthony Rowley in Tokyo A WEEK of high drama in Japan's economic and political affairs ended yesterday with a pledge by Prime Minister Yoshiro Mori's tottering administration to implement steps designed to prop
      AFP  -  810 words
    • 27 2 IN yesterday's report, headlined "Japan's finances 'close to collapse', says Miyazawa", the accompanying photo was not that of Mr Miyazawa. We are sorry for the error.
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    • 543 2 Rupiah passes 10,000 per US$ Ist time since Oct'98 Weakness renews speculation govt may impose controls Bloomberg, Reuters [JAKARTA] The Indonesian rupiah tumbled past 10,000 per US dollar for the first time since October 1998 as protests erupted on Borneo island, even as President Abdurrahman Wahid visited to call for
      Bloomberg,; Reuters  -  543 words
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  • SINGAPORE companies
    • 994 3  -  2000 sees shift in boundaries far hanking Byl Siow Li Sen IN time to come, 2000 may be seen as a somewhat watershed year for the five Singapore banks. It was the year of transition, and the common theme among them was surely the
      994 words
    • 504 3  -  By\ Serena Ng UNITED Overseas Bank yesterday posted a sparkling FY2OOO profit of $912.9 million that far exceeded analysts' forecasts, as chairman Wee Cho Yaw declared domestic consolidation of the banking industry cannot be achieved through mergers. "In the Singapore context I
      504 words
    • 259 3  -  By Conrad Raj UOB ASIA, the investment banking arm of United Overseas Bank, will be back in business in a month or two, says UOB executive chairman Wee Cho Yaw. "It won't be long before we do an IPO (initial public offering) again," he
      259 words
    • COMPANY Briefs
      • 93 4 ENG Kong Holdings reported a net profit of $1 million for the six months ended Dec 2000, down slightly from $1.04 million last year. Turnover also fell, to |19 million from $20 million. The slide was mainly due to lower revenue from the
        93 words
      • 117 4 IT firm East Gate Technology posted a 28.6 pa* cent rise in turnover to $43.45 million for the year ended December 2000, but net profit fell to $3.4 million from $9 million. The company attributed this to an 18 per cent rise in
        117 words
      • 72 4 DREDGING and reclamation company Links Island saw profit and turnover slip in the year ended December 2000. Group turnover fell 10.6 per cent to $18.6 million due to bad weather that reduced sand delivery. At the same time, the price of sea sand dropped
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    • 363 4  -  At least 10% of shares in public hands by June 8 or risk of delisting By R Sivanithy SPORTS and fashion goods distributor Royal Clicks said yesterday the Singapore Exchange (SGX) has given it three months to comply with Clause 926
      363 words
    • 601 4  -  lock siew loh hui yin THE promptness with which Chartered Semiconductor Manufacturing announced its president and chief executive officer Barry Waite's heart operation is commendable and speaks volumes about how corporate disclosure in Singapore has improved. Chartered, the world's third largest maker of custom-made
      601 words
    • 380 4  -  By I David Boey SHARES of mainboard-listed IT solutions provider Serial System shot up as much as 13 per cent to 64.5 cents yesterday after news the company's ousted chief executive officer Eddie Chng has been directed by the Securities Industry Council (SIC) to
      380 words
    • 148 4 SESDAQ-llsted CSE Systems Engineering yesterday posted an 81 per cent rise In FY2OOO net profit to $14.1 million, from $7.8 million the year before. Turnover jumped 89 per cent to $105.6 million from $55.9 million. Earnings per share rose to 5.45 cents from 3.30 cents,
      148 words
  • Page 3 Advertisements
    • 194 3 PEOPLE'S FOOD HOLDINGS LIMITED (Incorporated in Bermuda on 31 August 2000) Invitation in respect of 142,500,000 ordinary shares of HKSO.SO each comprising 120,000,000 New Shares and 22,500,000 Vendor Shares as follows:(1) 8,000,000 Offer Shares at 550.45 each by way of public offer; (2) 134,500,000 Placement Shares by way of placement
      194 words

  • 4543 4 Nat Mm m MK»wtfwdi Mar Of P UN UMi 110 an. Date TY LY YY LY NewWave Dec 29 I 1*78 0.700 LOO 0.52 Ci—aif am (*n> (*n) (eta) (eta) NaraTal Feb 06 P 10*43 IMS 3*1 art NaMaOrpUSS Feb28 ***** UN 130 2*0 Adroit tanov
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  • COUNTRY risks
    • 423 5  -  It has to provide a secure base for foreign investors while maintaining good relations with its neighbours, says Control Risks Group By < Conrad Raj BALANCING the needs of foreign investors seeking a secure base in the region while maintaining good relations with often difficult neighbours
      Source: RiskMap; AP; FILE PHOTO  -  423 words

  • SINGAPORE markets
    • 626 6  -  I-ll comment STOCKS r. sivanithy AFTER testing 1,900 as a support level three times in the past week, the Straits Times Index finally capitulated yesterday, losing 6.85 points to 1,898.32. Although tech stocks were the main victims following Nasdaq's loss
      626 words
    • 187 6  -  WARRANT WATCH By] R Sivanithy HOW the mighty have fallen. For those who can recall, Malaysian counter Metroplex used to sell for well over $1 when it traded on Clob International. Today, it costs just 28.5 sen on the KL Stock Exchange
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    • 223 6  -  HOT STOCK By Ven Sreenivasan NEPTUNE Orient Lines shares, which have languished for most of the past six months, edged up three cents to $1.31 yesterday on volume of 9.4 million. The rise followed the release of bet-ter-than-expected FY2OOO results by the shipping and
      223 words
    • 157 6 SINGAPORE Reinsurance Corporation will hold its EGM on March 30 at 12.00pm, 65 Chulia Street #33-01, OCBC Centre, The Executives' Club, Rooms 4. ♦AURIC Pacific Group will go ex-dividend (final dividend of 3.00 cents net of tax) on April 30. Last day for buying-in on a cum basis
      157 words
    • 351 6  - Rupiah dives 2.1 despite intervention; yen gets respite I-II comment CURRENCIES larry wee THE Indonesian rupiah tumbled 2.1 per cent yesterday to hit a low of 10,150 per US dollar, but the Japanese yen enjoyed a pre-weekend respite. Despite intervention to cap US dollar gains at the crucial 10,000 rupiah
      Source: Reuters  -  351 words
    • 479 6 Stocks Volume TTL HJdgs 10c 29,062,000 Lantom US2c 15,237,000 VicpiasSc 13,118,000 NOL 9.420,000 Victors Capital 25c 9,098,000 PadficCenturylOc 8,291,000 UOLWW1 7,888,000 HyfluxSc. 7,049,000 SingTeM5c 6,428,000 Qoktan Agri US10c 6,415,000 Stocfca > DBSQrp 21,961,015 OC8C 21,*****2 Chart Semiconductor 26c 18,639,250 SingTel 15c 17.*****4 SPH 15,505,360 NOL 12,396,380 Omni ind 10c 11,388,470
      479 words
  • Page 6 Advertisements
    • 233 6 SPECIAL FEATURE 27 MARCH 2001 Make waves in a knowledge-based economy L p»M 91 A Singapore's position as a major maritime hub |p 4 has never been more important, especially «r~ now that the Trade Development Board aims towards an efficient trade system, jBHj logistic as as business environment. mm
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  • Page 7 Advertisements
    • 1495 7 (> 111# UNITED OVERSEAS LAND LIMITED (Incorporated in the Republic of Singapore) To: All Members ANNOUNCEMENT The Board of Directors is pleased to announce the following: UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2000 THE GROUP THE COMPANY 2000 1999 2000 1999 +A-) IN $*000 IN $*000 TURNOVER 339,714
      1,495 words
    • 1072 7 WMf 1 <sn««a;») Wjr\ HOTEL PLAZA LIMITED WLSk I (Incorporated in the Republic of Singapore) To: All Members ANNOUNCEMENT The Board of Directors is pleased to announce the following: UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2000 THE GROUP THE COMPANY 2000 1999 2000 1999 IN $'000 IN $'000
      1,072 words

  • SINGAPORE news
    • 684 8  -  PARLIAMENT! The much-awaited system was slated to take off in Q1 of last year Reports by Christopher Tan OPEN bidding for COEs is taking longer than expected to kick off because of the complexity of the system, according to Communications IT Minister
      FILE PHOTO  -  684 words
    • PARLIAMENT Briefs
      • 80 8 THE Newspaper ana Printing raesses act, wmcn umus the circulation of foreign newspapers and magazines found on gaging in Singapore's domestic politics, will be extended to cover foreign broadcasts. Minister of Information and the Arts Lee Yock Suan said. A bill will soon be introduced
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      • 91 8 SINGAPORE Changi Airport continues to do well in the face of rising competition from new airports in the region, said Minister of Communications and Information Technology Yeo Cheow Tong. Passenger movements in the airport jumped to a record 28.6 million passengers last year, up 9.8
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      • 69 8 TENDERS for the superstructure of the third Singapore Changi Airport terminal will be called in the third quarto* of this year—and the terminal is expected to be ready in 2006, Minister of Communications and Information Technology Yeo Cheow Tong said. The third terminal
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    • 269 8  -  P=tf=4 on the economy outlook Hi Eugene Low SINGAPORE'S economic growth is expected to wind down this year, but the government's "surprisingly generous" Budget should help the economy expand about 5.6 per cent, Overseas Union Bank (OUB) says in a report. The large surplus
      269 words
    • 386 8  -  Byi Chuang Peck Ming THE print media in Singapore came under close scrutiny yesterday, with MPs charging that newspapers were lowering standards to boost circulation. The MPs Chew Heng Ching (East Coast), Toh See Kiat (Aljunied) and Seng Han Thong (Ang Mo Kio), a
      386 words
    • 508 8  -  COE demand outstrips supply by more than two to one Byi Christopher Tan COE (certificate of entitlement) prices for April continued to rebound as motor traders struggled to clear an unusually heavy backlog of orders stockpiled during the Chinese New Year
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    • 313 8  -  MAILfiT?T7I Felicia Leung Assistant Director Corporate Communications Prudential Assurance Company Singapore I REFER to the article "Small in Size, Big on Returns" (BT, March 7). While the article was clearly written, we are concerned the table showing the "net rate
      313 words
    • 375 8 LTA will post on its website fall details of car prices ON top of systematic liberalisation over the last five years, the government will simplify vehicle import rules further to drive up competition in the market. Yesterday in Parliament, Communications IT Minister Yeo
      375 words
    • 449 8  -  Deregulation here will not meet same fate as that in California By: Loh Hui Yin SHOULD Singapore pursue plans to deregulate the power industry given the shortage experienced by California in January because of deregulation? Yes, argues Albert van Welderen Rengers, ABN-AM-RO Bank's
      449 words
    • 262 8  -  By. Andrea Tan ALLGREEN Properties sold another 25 units at its 99-year leasehold cluster housing project Binjai Crest yesterday, bringing total sales to 55 units in two days. The 125-unit project, off Binjai Road and Jalan Kampong Chantek, drew
      262 words

  • e-NEWS
    • 541 9 SAN FRANCISCO It will cat s,ooojobs by year's end through attrition, trim R&D spending NYT FOR the second time in six weeks, Intel on Thursday cautioned that its revenue this quarter would fall short of Wall Street's expectations. The company, based in Santa Clara, California,
      NYT  -  541 words
    • 324 9 PALO ALTO, California Reuters CISCO Systems Inc, the once fast growing computer networking company, is planning to cut 5 per cent of its staff in the coming weeks to adjust for a sharp downturn in business, a source close to the
      Reuters  -  324 words
    • E Briefs
      • 61 9 AFP [TAIPEI] Taiwan Semiconductor Manufacturing Co (TSMC) said on Thursday it saw slow business in the first half of2ool but a turnaround was expected later this year. The company estimated its sales would Call 26 percent in the first quarter of
        AFP  -  61 words
      • 71 9 Bloomberg [HONGKONG] Reach Ltd, an undersea cable joint venture between Telstra Corp and Pacific Century CyberWorks Ltd, will take about a 6 per cent stake a US$l billion (Ssl.B billion) Asian cable network. Reach said it will be the largest shareholder in the
        Bloomberg  -  71 words
      • 93 9 Bloomberg [SANTA CLARA, camormaj National seimconauctoi Corp said fiscal third-quarter profit fell and fourth-quarter sales and earnings will fall for short of forecasts because customers such as Motorola Inc are cutting chip orders. Net income for the period ended Feb 25 was U5539.2 million (5568.6
        Bloomberg  -  93 words
      • 70 9 Reuters [NEW YORK] Loudcloud Inc, an Internet infrastructure company launched by Netscape co-founder Marc Andreessen, priced 25 million shares for US$6 a share late on Thursday, the Wall Street Journal reported in its online edition yesterday. The initial public offering (IPO) price of
        Reuters  -  70 words
      • 126 9 Bloomberg [PALO ALTO, California] Hewlett-Packard Co said it is slashing the price of its servers in Europe by as much as 28 per cent because it is losing market share to rivals. Hewlett-Packard, Europe's No 3 seller of servers, was the only
        Bloomberg  -  126 words
    • 302 9 Investigation focuses on shares Jeffrey Bezos sold just before negative report was released Reuters (NEW YORK] The Securities and Exchange Commission (SEC) is investigating stock sales by Jeffrey Bezos, the chairman of Internet retailer Amazon.com Inc, the New York Times reported yesterday. In
      Reuters  -  302 words
    • 40 9 [SINGAPORE] An e-commerce vendor waiting for customers during an e-lifestylefair on Wednesday. Thefair is free of charge and is intended to increase the Internet literacy ofaverage Singaporeans and to encourage business done over the Internet. AP
      AP  -  40 words
    • 487 9 PALO ALTO, California Headhnnters also say new CEO should be from Old Economy Reuters, Bloomberg TIM Koogle, who will resign as Yahoo! Inc's chief executive after more than five years on the job, was by all accounts the kind of leader the company needed
      Reuters,; Bloomberg  -  487 words
    • 320 9 WASHINGTON Watchdog's lawsuit claims he failed to make fall disclosure Bloomberg INTERNET stock pundit Tokyo Joe' Park agreed to pay U*****,630 (Ssl.3 million) to settle regulatory charges that he urged investors to buy stocks without disclosing that he
      Bloomberg  -  320 words
    • 242 9 WASHINGTON AFP HACKERS from Russia and Ukraine have stolen more than one million credit card numbers from US e-com-merce and banking websites, the FBI said Thursday. The Federal Bureau of Investigation said many e-com-merce operators have failed to heed warnings issued since
      AFP  -  242 words
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  • REGIONAL news
    • 339 10 KUALA LUMPUR Per&k RHO plant to also close down by May; RHO production to shift to plant in Penang Reuters LEADING US computer storage drive maker Seagate Technology Inc will close its drives assembly plant in Penang state by the end of
      Reuters  -  339 words
    • 172 10 [JAKARTA] Indonesia's economics guru Sumitro Djojohadikusumo died here last morning, the Jakarta Post said yesterday. He was 84. The Post said Mr Sumitro died in the early hours at the Dharma Nugraha hospital in East Jakarta where he had been treated for some time for a
      AFP  -  172 words
    • 259 10 KUALA LUMPUR AP MALAYSIAN telecommunications company Time dotCom Bhd posted a net loss yesterday of RM2.6 million (Ssl.2 million) for the year ended Dec 31, 2000. In a statement to the Kuala Lumpur Stock Exchange (KLSE), the company said there is no current
      AP  -  259 words
    • 358 10 JAKARTA President's approval required under Indonlaws Reuters INDONESLA'S police yesterday asked President Abdurrahman Wahid to allow them to question his political foe, parliamentary speaker Akbar Tandjung, in connection with a suspect land deal. Police said they needed the president's permission to question
      Reuters  -  358 words
    • 1168 10  -  journal My book's tone Jars with today's rancorous political ethos karim raslan THE past, they say, is another country. When we look back in time, we choose to ignore what we cannot bear to remember, altering our memories to fit our present
      AP  -  1,168 words
    • 348 10 JAKARTA Bloomberg CANADA'S Manulife Financial Corp's efforts to take control of an Indonesian insurer may have just gotten a boost. In the latest twist to a more than four-month-long saga, a lawyer for the Indonesia's bank rescue agency said Hongkong and
      Bloomberg  -  348 words
    • 312 10  -  Perc survey finds Singapore the least corrupt country in Asia By. Anna Teo DESPITE the wake-up call from the 1997 economic crisis, corruption remains a serious problem in most Asian countries, say expatriates working in the region. The latest survey by Political Economic Risk
      312 words
    • 455 11  -  From. Audrey Tan in Hongkong SWIRE Pacific yesterday said its net profit fell 12 per cent to HKS3.B9 billion <SsB76 million) for the year ended December 2000, as it took a HK$l.7 billion charge for the drop in value of
      455 words
    • 529 11 BOMBAY Concern over payment shortfall in Calcutta is reason Reuters Bloomberg, INDIA'S key index posted its biggest drop in five months after traders and investors who bet against stocks on the Calcutta Stock Exchange (CSE) failed to settle their positions, fanning concern
      Reuters; Bloomberg,; Source: Bloomberg  -  529 words
    • 139 11 Reuters [NEW DELHI] An Indian couple committed suicide after their Investments were wiped out in a stock market fall, police said yesterday. The bodies of V K Aggarwal, 46. and his wife Ram Kali, 42, were found in a hotel room in central Delhi
      Reuters  -  139 words
    • 430 11 HONGKONG Reuters, AP CHINA'S central banker Dai Xianlong confirmed yesterday that the bank was seeking foreign expertise to help beef up regulatory control of the financial sector. Mr Dai's comments came after Premier Zhu Rongji said on Thursday that the People's Bank of China
      Reuters,; AP  -  430 words
    • 755 11 Bnt3noted economists accuse the govt of colluding with manipulators BEIJING Reuters CHINESE Premier Zhu Rongji shrugged off the bubble in hard-currency B shares as unavoidable, and said regulation was on the way to make trading more "market oriented", Hongkong newspapers reported yesterday. But three
      Reuters; REUTERS  -  755 words
    • 510 11  -  Fromi Quak Hiang Whai in Hongkong CREDIT rating agency Moody's Investors Service has given the thumbs-up to the Hongkong banking sector, two days after it also gave the Singapore banks a glowing report. Giving an average bank financial strength rating level of C
      510 words
    • NOTE Book
      • 72 11 AP [KUALA LUMPUR] A 300-ton fuel tanker caught fire and burned for nine hours before sinking in the waterway between Johor Baru and Singapore, reports sakt yesterday. Johor state port authorities are investigating how the Singapore-registered vessel Pristine, carrying at least ISO tons of highly
        AP  -  72 words
      • 59 11 AFP [JAKARTA] The Indonesian Bank Restructuring Agncy (Ibra) yesterday said It will complete next week the sale of the Sallm Group's palm oil plantations to Malaysia's Kumpulan Guthrie. Ibra asset management investment division head Thomas Lembong said that Guthrie had already transfered US$35O million
        AFP  -  59 words
      • 50 11 Bloomberg [BANGKOK] Starwood Hotels Resorts Worldwide, the world's largest hotel owner, offered to buy Royal Orchid Hotel (Thailand), which owns one of Bangkok's best-known downtown hotels, for USftflLs million (5H09.4 million). Starwood will offer 29 baht for each of the 93.75 million Royal Orchid shares.—Bloomberg
        Bloomberg  -  50 words
      • 59 11 Bloomberg [BANGKOK] TPI Polene, Thailand's third biggsstcsmsot maker, said it swung to a loss last year because of currency losses and lower gains from debt buybacks.Tn lost 5.72 billion baht (Ss23omillion) or 11 baht a share, from net income of 1.58 billion baht or 9
        Bloomberg  -  59 words
      • 40 11 Bloomberg [MANILA] The Philippine Securities and Rrrhangs Commission said it may suspend trading in sharssof <3 Pilipino Telephone Co, the nation's third largest mobile phone operator, for failure to open its books to state examiners.—Bloomberg
        Bloomberg  -  40 words
  • Page 10 Advertisements


  • MOTORING
    • Article, Illustration
      1127 12  - If they held a beauty pageant for cars, CHRISTOPHER TAN reckons Mercedes' new C-class would drive away with the tiara He also finds it easily Mercedes' best product since it entered the compact sedan segment with the 190 line almost 20 years ago CHRISTOPHER TAN WHY can't people be more
      1,127 words
    • 666 12 It is now promoting its Unimog as mainly a commercial track NYT [DETROIT] The Freightliner Unimog is not nearly as nimble as Freightliner's marketing plans for the vehicle. For one, the vehicle stands nearly three metres tall and weighs over 5,600 kg (2v* times that of a
      NYT; AP  -  666 words
    • 320 13  -  Jacob Tan Singapore via Internet WITH reference to the various letters about COEs, in September 1998, I booked a new model even without seeing a picture of it. What attracted me to the deal apart from the low price was that the sales manager
      FILE PHOTO  -  320 words
    • 230 13  -  Wee Soon Kim Singapore via fax I HAVE been following the articles and letters in BT Motoring on COEs. To begin, I understand where Motor Traders Association president MicJlpalWong is coming from. But it '"seems to me his answers ignore the fusibility there are
      230 words
    • BUMPER to BUMPER
      • 87 13 WORD has it that the Toyota Corona once the most popular mid-range Japanese car here will no longer be available soon. Its niche in Singapore will be filled by a two-litre Camry, currently a 2.2-litre and the most popular car in its range in the US. To
        87 words
      • 111 13 WHILE the academics argue over whether the US economy will have a soft or hard landing, one sign is pointing quite the other way. Luxury sportscar maker Porsche posted its best February sales in America last month. It delivered 2,135 cars to US
        111 words
      • 59 13 NISSAN'S new Primera will arrive later this year. The car, introduced in Japan in January, looks nothing like its predecessor. In fact, it has lines that may have been inspired by Alfa Romeo. Available in sedan and wagon form, the handsome Primera is powered by a
        REUTERS  -  59 words
      • 88 13  -  Compiled by Christopher Tan ICELAND, which generates 67 per cent of its consumed energy from regenerative resources (like water and geothermal power), has started trying out three fuel-cell buses in Reykjavik. The Mercedes-Benz buses run on electricity generated via chemical means. Like electric vehicles,
        88 words
    • 113 13  -  Lim Lieh Sheng Singapore via Internet WITH reference to "Motor traders give their side of COE story" (Wheel Matters, March 3), I am surprised to read the motor traders think current COE prices really reflect what buyers are willing to pay. Motor traders mentioned 80
      113 words
    • 163 13  -  Dennis Lim Tiong Teck Singapore via Internet I REFER to the letter "Motor traders give their side of COE story" by Michael Wong, president, Motor Traders Association (Wheel Matters, March 3). Can the association explain why dealers are unwilling to disclose how much they are going to
      163 words
    • 117 13  -  Teo Ngak Boon Singapore via Internet I REFER to recent letters on COEs. I believe COE packages allow motor traders to strike it rich when premiums plunge. Take the $15,000 rebate level of several dealers in town in recent months (when prevailing premiums hover
      117 words
    • 150 13  -  Denis Distant Singapore via Internet WHEN a car is 10 years old, a new COE has to be obtained before it can continue to be used. In addition, the biannual inspection becomes an annual requirement at $51.50 a time. And if that's not enough to make
      150 words
    • 173 13  -  Ruth Lim Singapore via Internet I REFER to "Male drivers outnumber female 2:1" (BT Motoring, Feb 28). Male drivers outnumber female drivers simply because most car-owning households have only one vehicle and the husband drives it mainly because he needs it for
      FILE PHOTO  -  173 words
    • 89 13  -  Tio Ngee Huan Singapore via Internet I REFER to the letter "Why diesel emission is still a concern" by Han Liang Yuan and Edward John Tailford from the Land Transport Authority and the Ministry of Environment (Wheel Matters, Feb 17). I would like to
      89 words

  • Page 13 Advertisements
    • 111 13 7 will begin a 13-part series IjJJIK x or, racing from next Wednesday. s,c^ brought to you by If you have something the best letter to WHEEL motor-related to get off f MATTERS each month your chest, write to us. Wl v;in Si 00 worth We welcome f eedback c3T»
      111 words

  • WORLD news
    • 523 14 WASHINGTON 135,000 workers added to total payrolls well above analysts' expectations AP, Bloomberg THE US unemployment rate held steady at 4 2 per cent in February and a bigger-than-expected number of jobs were created even as manufacturing continued to shed workers. US
      AP,; Bloomberg  -  523 words
    • 389 14  -  From D Ravi Kanth in Geneva MOVES by the International Telecommunications Union (ITU) to liberalise Internet protocol (IP) telephony worldwide suffered a setback yesterday when developing countries refused to accept that the new medium will offer cheaper phone calls than existing technology.
      389 words
    • 439 14 CHICAGO Shoppers go downmarket, torn to discount stores Reuters US retail sales growth slowed in February from a year earlier as consumers, made skittish by the weakening economy, shied away from buying spring apparel at stores like the Gap and instead
      Reuters  -  439 words
    • 496 14 LONDON Bloomberg CANARY Wharf Group Pic, the real estate developer that rebounded from bankruptcy to complete London's high-est-proflle building beside the River Thames, said first-half profit fell 38 per cent on the cost of new developments. Net income fell to £22.5 million ($33.1 million),
      Bloomberg; FILE PHOTO  -  496 words
    • 451 14 SYDNEY Bloomberg ANSETT Holdings Ltd won approval from Australia's an-ti-trust regulator to buy regional carrier Hazelton Airlines Ltd after it agreed to give up some of its slots at Sydney's congested international airport. Ansett, a unit of Air New Zealand Ltd in
      Bloomberg  -  451 words
    • 293 14 LONDON Bloomberg RANK Group Pic, the owner of Hard Rock cafes and Mecca bingo, named Alun Cathcart as non-executive chairman to replace Denys Henderson, 68, who will retire after the company's annual general meeting on April 26. Mr Cathcart, 57, who is currently chairman
      Bloomberg  -  293 words
    • 474 14 UNITED NATIONS Microsoft chairman, wife visit UN for talks with Kofi Aw tiaw Reuters, Bloomberg MICROSOFT Corp chairman Bill Gates called on UN Secre-tary-General Kofi Annan on Thursday to explore new ways his foundation could help the United Nations to battle
      Reuters,; Bloomberg  -  474 words
    • 403 15  -  230-198 House victory; tougher hurdle in Senate as moderate Republicans are unconvinced From Leon Hadar in Washington US President George W Bush won his first major legislative victory on Thursday, when the House of Representatives approved most of his plan to
      AFP  -  403 words
    • 433 15 NEW YORK Reuters FEDERAL Reserve Chairman Alan Greenspan in a poll scored high marks for skilfully guiding the US economy even as doubts emerged about the timing of recent rate cuts, the Wall Street Journal reported on Thursday. The Journal and NBC News
      Reuters; Ben Cruz; Source: Reuters  -  433 words
    • 314 15 NEW YORK Bloomberg MERRILL Lynch Co, the biggest US brokerage by client assets, has named Mary Taylor co-head of its investment management unit, as the firm seeks to expand its business with institutions. Ms Taylor, previously head of human resources and a
      Bloomberg  -  314 words
    • 317 15 WASHINGTON Need to keep minimnm U5525,000 equity in account Bloomberg THE Securities and Exchange Commission approved a rule that day traders keep at least U5525,000 (5544.000) of equity in an account if they use borrowed money to trade on the New York Stock
      Bloomberg  -  317 words
    • 245 15 WASHINGTON AFP A SURVEY released Thursday finds most Americans think President George W Bush is doing a better job than they had expected. Asked in the Harris Interactive poll whether the new president is doing better or worse than they though he would, 57
      AFP  -  245 words
    • 1149 15  -  The proposed US, S'pore FTA could help move global trade in an interesting direction, reports Imoii H&dar in Washington Leon Hadar NEXT week's visit to Washington by Singapore Trade and Industry Minister George Yeo will take place at a time
      1,149 words
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    • 682 14 lUHTinPC r ailm,ise c iM iM ,t,M! 18(*****83 HU 1 IvLu f.tx No 741 1?9B r IN THE MATTER OF THE 1 COMPANIES ACT, (CHAPTER 80) and M THE MATTER OF QOLDIN NINNY INTERNATIONAL PTE LTD (Incorporated In the Republic of Singapore) (IN UOUIOATION) MEMBERS' VOLUNTARY WINDING UP At an
      682 words


  • FINANCE & commodities
    • 244 16  -  SQX Derivatives Tradln^Report ST Index/BSSCIS'pore Index Wong Ann Chuen Refco Singapore THE Singapore stock market yesterday closed on a slightly bearish tone, as technology stocks led the falls. The benchmark Straits Times Index erased 6.85 points or 0.36 per cent to end at 1,898.32 points
      244 words
    • 221 16  -  MSCTTaiwan Index Joseph Lim Refco Singapore THE Taiwan stock market fell yesterday as Nasdaq's 2.48 per cent fall on Thursday and Intel's sales warning pushed local technology and semiconductor stocks down. The MSCI Taiwan stock index lost 2.36 points or 0.91 per cent to
      221 words
    • 211 16 Reuters London THE yen rose against the US dollar yesterday, clawing back ground from the previous day's 20-month lows, helped by reports that Japan's unpopular Prime Minister Yoshiro Mori was about to step down. The yen also benefited from the US dollar's broad softening after chip giant Intel
      Reuters  -  211 words
    • Article, Illustration
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      1,153 words
    • 1569 16 SICOH FUTURES Afar 9 mm (Mm da*|« «l 5l30*m) RSICOHTMCTO arts/to) Cteia VotaM OpM M1> Wffc \m Satt ttmmu) totemt Apr 01 ***** 800 Zv* ***** W0 Jw 01 105.75 «00 J4S*0I ***** 750 KSS3COKTVACT (UScwts/hf) VMh* Of* Mart* Mi* La* Salt (toMMf) totemt Apr 01 5125 *25 5M0 600
      1,569 words
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  • STOCKS east asia
    • 2858 17 HONGKONG AFP (CTHangSeng -1410 HONGKONG share prices fell 0.1 per cent yesterday in cautious trade as investors waited for the release of US jobs data due out later in the day, dealers said. The key Hang Seng Index lost
      AFP  -  2,858 words
    • Article, Illustration
      1064 17 Reuters rlShaahai Binder +1(159 CHINA'S hard currency B shares surged yesterday afternoon as hungry domestic investors with plenty of cash delved into blue chips and hunted for bargains, driving many counters up the daily 10 per cent limit. Local investors were also cheered by Chinese Premier Zhu Rongji's remarks
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,064 words
    • 371 17 AFP QWPlnfax -3051 TAIWAN share prices closed 0.5 per cent lower yesterday on the back of lower-than-ex-pected results for leading technology firms, analysts said. The Taiwan Stock Exchange Weighted Price Index fell 30.59 points to 5,680.43, on turnover of NT563.04 billion. "The February results of TSMC (Taiwan Semiconductor Manufacturing
      AFP  -  371 words
    • 2057 17 TOKYO AFP -22M TOKYO shares slipped 0.2 per cent yesterday with technology issues following their US counterparts lower as gloom once again clouded the sector, brokers said. The Tokyo Stock Exchange's Nikkei--225 average closed down 22.66 points at 12,627.90, in line with a
      AFP  -  2,057 words
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  • STOCKS klse
    • 413 18 AFP n Composite Index -LIC MALAYSIAN shares closed 0.2 per cent lower yesterday in thin trading with investors cautious before Monday's listing of Time dot Com, dealers said. The Kuala Lumpur Stock Exchange Composite Index feU 1.16 points to 695.26. The Second
      AFP  -  413 words
    • 8662 18 INDUSTRIALS Com—r pra^rti 2001 Last Vol Day Not Cop Low Company Sato *000 HtQll Low Wl Sinll 340 300 A,.nompto *2 uncn 312 312 9 4 45 in Anok'M 33 unch 17 33 32 48.7 342 286 Apooo Food H<Q 312 unch 2 312 312 6.6 W4.8 ict IDA iiuFil*
      8,662 words
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  • SGX clob & regional stocks
    • 2620 19 BOMPS A WAEEAMTS "\ar 9 m mm Mm/ t**y UM lact M tar tllH III kn M Urn (Mr he Mtta m0 laa I* ««r- rtMt Laa Bayar Mkr Mm I i Mil Mi CM) UN 40 05 s Acma W*****4 0.5 1 1 410 1 300 451 109.00 4
      2,620 words
    • Article, Illustration
      750 19 AFP H SET Into +&M THAI stocks rose 1.7 per cent yesterday, boosted by heavy speculative buying in banking stocks, dealers said. The Stock Exchange of Thailand (SET) Composite Index gained 5.24 points to close at 307.0 points, and the SET 50 index was up 0.40 points at 21.64.
      AFP  -  750 words
    • Article, Illustration
      737 19 AFP d Composite Index -13J3 INDONESIAN share prices fell 3.3 per cent yesterday after the rupiah tumbled through the key psychological level of 10,000 to the -US dollar, dealers said. The Jakarta Stock Exchange Composite Index closed down 13.93 points at 414.11 on volume of 473.0 million shares valued
      AFP  -  737 words
    • 287 19 AFP Composite Index -LlB PHILIPPINE share prices fell 0.1 per cent yesterday with the Philippine Stock Exchange Composite Index down 1.18 points to 1,588.39. Volume fell to 265.20 million shares worth 291.71 million pesos from 398.18 million shares worth 222.71 million pesos on Thursday.—AFP Ittrl Ml (OOP) Abacus Construction
      AFP  -  287 words
    • 272 19 AFP □NISE-40 -L 57 NEW Zealand stocks fell 0.1 per cent yesterday in profittaking, dealers said. The NZSE-40 Capital Index closed down 1.57 points at 2,073.06 on turnover worth NZ5139.7 million. Fletcher Energy made up just under half the day's turnover, closing down three cents at NZ59.52. —AFP lUrl
      AFP  -  272 words
    • 539 19 AFP PAD Ordinaries -12.50 AUSTRALIAN shares closed 0.4 per cent lower yesterday as investors digested a raft of negative economic data, brokers said. The All Ordinaries index fell 12.5 points to 3,276.9 while the SP/ASX 200 fell 12.2 points to 3,331.3. National turnover was 588.92 million shares worth A
      AFP  -  539 words
    • 311 19 AFP n Composite Index -13JS2 SOUTH Korean shares fell 2.3 per cent yesterday with the index down 13.52 at 565.76. Volume stood at 313 million worth 1.4 trillion won. AFP Xr» W— A nam Semi 4210 -100 Br am Tech 630 15 Central Bank 170 uncti CheMComm *****0 -3000
      AFP  -  311 words
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  • 8317 20 SGX MAXNBOARD Transaction date: Mar 9 or or mm 52-Wk Lut Vat Day Last Ouott Dty Dly YM Nat Cap Ay, l— cmmmi «*w rooo) ua Buyr »*> cw y/l ww MULTHNDUSTIY 153 SI c AcmaSOc 54-5 *1 171 545 53 51.5 54 5 4.3 4.6 6.8 M.6
    8,317 words
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  • The Arts
    • 1802 21  -  For its April auctions, Christie's is bringing in 20th century Indian art a developing market yet to see its full potential. Time to place a good bet or is it too risky? PARVATHIMAYAS checks it out Executive Lifestyle PARYATHI NAYAR POR the first time in Singapore,
      RICHARD CHNG  -  1,802 words
    • Untitled
      • 502 22  -  Ul-HOOM peeks into Theatreworks' festival of plays which highlights works from Writers' Lab CHEAH UI-HOON POLITICAL and gender themes will feature prominently in the 30 plays to be staged by Theatreworks starting next week to celebrate a decade of Writers' Lab the hothouse programme for
        502 words
      • 359 22  -  There's a broad array of programmes being lined np especially for the young By Cheah Ui-Hoon, Trina Foo CARE for a little music and theatre to fill up your children's school holidays next week? Several arts groups have once again drawn up
        CHRIS LOH  -  359 words
      • 507 22  -  By Parvathi Nayar WHODUNNIT? The genre always grabs your attention, which made Footsteps in the Night a good choice to formally inaugurate Prudential Children First!, a lOKiay-long festival of performing arts for children. Ironically, most of us watching the premiere of Footsteps were adults.
        507 words
    • Art beat
      • 120 22 A bite-sized roundup of the weekly arts scene Singapore Dance Theatre (SDT) is re-staging the comic ballet Coppelia: the Girl with the Enamel Eyes for the third time, this time promising to be the most spectacular. Cheng Hsienfa and Tan Yaling reprise their roles as Franz
        120 words
      • 112 22 Children between seven and 14 who are interested to be cast in a multi-arts production can audition to be part of the Arts Fission Company's Tales of Wings, an interactive children dance performance. Auditions are held from today till March 22 at the Garden
        112 words
      • 131 22 Two pieces of artwork for an international art exhibition went missing at Sculpture Square two weeks ago, causing concern over the security and safety of artworks in gallery spaces which could be vulnerable to crowds of anonymous and unmonitored visitors. The missing works were
        131 words
      • 105 22 Singapore watercolourist and 1991 Cultural Medallion winner Ong Kim Seng has been awarded the Ida Wells Stroud Memorial Award by the 134 th International American Watercolor Society (AWS). His painting, Morning, was among the 115 selected for exhibition from 1,840 entries this year. The
        105 words
      • 108 22 The Royal Court Theatre in Britain is inviting applications for its International Residency 2001, to be held from July 16 to Aug 10 this year. This intensive four-week course consists of practical sessions, performances, seminars and tutorials, and offers a unique opportunity for emerging
        108 words
      • 105 22 Discovery Channel is inviting aspiring film-makers from Singapore and five other Asian countries to submit programme proposals to the network. The First Time Filmmakers project, launched last month, looks for compelling tales of strong characters, and how society deals with technology and changing ways of
        105 words
    • New Asia Biz Woman
      • 1413 23  - Integrating work family LYE talks to Claire Chiang of Banyan Tree Gallery which is showcasing the works of Thai village women artisans as part of Int'l Women's Day AARON LYE AS a nominated MP, the executive director of the retail arm of a prestigious regional resort and a mother of
        1,413 words
      • 954 23  -  Women Beyond Borders' box exhibition enabled females to explore and express themselves Byi Venka Purushothaman TIMED nicely with International Women's Day on Thursday, the visual arts exhibition Women Beyond Borders (WBB) celebrates the act of camaraderie between women and their community. This international touring exhibition connects
        954 words
    • 862 24  -  Compiled by Aaron Lye MUSIC Mark Chan: Modem Mystic Flautist Mark Chan and a team of musicians perform with various eastern and western instruments to the "pulsing rhythms of world music" or the "surreal melodies of ambient music". March 11,5.30pm- 7pm, Fort Canning Park. Admission is free Concert
      862 words
    • Article, Illustration
      98 24 By Ammnhy* The bus: Not Only Flowers Bear Fruit, an exhibition by Australian artist Louise Farnay. Plot and players: The exhibition features a series of works based on the theme of nature, incorporating elements of "earth, sky, cosmos, sea, wind, flowers, leaves" Watch out for: The artist's unique style
      98 words
    • 449 24  -  Wang Gn&ngyi, pioneer of China's pop art, recreates Cultural Revolution posters in his works on display now Byt Susan Tsang WANG Guangyi believes that faith is one of the noblest forms of beauty. He also maintains that artists look at things from a different angle.
      449 words



  • Page 24 Miscellaneous
    • 880 24 Central eluding highlights from 130 Ultraman Tiga. 2.00 Headline Graphics. Parliament). 740 Panorama Dunia. 2.02 To 6.00 am: Real-time HB.OO AM Kids Central: The joj® j.a.G: Ghosts of 8.00 Berita. Financial Data. Wiggles. Christmas. &30 Papa (M/Drama). 8-30 Casper. Ujq jack And Jill. 930 Driving School (Mov- Bport«city ®0° Jjip-O
      880 words
    • 256 24 CRYPTIC CROSSWORD ACROSS 6 Hesitantly assault first person 1 Fidgety ornithologist? (8) 9°?* Pj^ l W 9 SWlundecKJed eJiout flying (2, 7 9°?**** after usual 3,3) m (?> 10 Confused impression of most 8 f™ Ka,e lir>es 00 vogetaof the advertising matter (4) 11 How stage carpenters argue 12 ,n
      256 words