The Business Times, 20 March 2001

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Total Pages: 30
1 30 The Business Times
  • 16 1 THE BUSINESS TIMES MITA (P) 107/03/2001 SINGAPORE Internet: http://business-times.asial .com.sg/ TUESDAY, MARCH 20, 2001 s est
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  • 79 1 SH 1,***** (-49.95) nir-su mm hzm (<21.68) ST INDEX FUTURES 1,727.00 (-44.00) SDDKXnmiBES 218J0 (-6.50) STOCMAKET INDICES Monday Change KLSE COUP ***** *71 NIKKEI 226 12.190J7 4101 HANG SENG 13,467.69 4416 SET INDEX 29IJ9 1.79 JAKARTA OOMP 967.14 -IU8 MANILA COMP —1,507.62 +#.20 TAIPH WP! 6,781*3 +41.11 SEOUL
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  • 78 1 FOBEX BATES USt£$p«rUSS)i__- 1.77! £(USS/8$ per S) 1.427 1S27 El'RO(US$/SS/E) 9M li8S DM 1186 1.224 YEN 1214 09.70 RM 1800 2.146 HKS 7.799 4 404 BAHT 4398 24i9 RUP1AH 19,4m 1872 •St to 100 units PUKE RATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK .9 JO MANILA 11
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  • 1338 1  -  Move marks radical monetary policy change to arrest deflationary spiral From> Anthony Rowley in Tokyo THE Bank of Japan yesterday announced a radical change in its approach to monetary policy it will force a powerful jet of new money into the
    1,338 words
  • 567 1 Ten hits 22-month low, bnt Nikkei escapes with mild 0.3% slide [SINGAPORE] Most major Asian bourses lost ground yesterday, while the yen dragged down other regional currencies on its march south despite caution ahead of the US Federal Reserve's interest rate meeting
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  • 70 1 AP [NEW YORK] The US stock market got a reprieve yesterday morning, recovering from a bloody debacle last week as investors held out hope for an aggressive interest rate cut today. The Dow Jones Industrial Average was up 35.68 at 9,859.09 in the first hour
    AP  -  70 words
  • 746 1  -  Cash, share offer seen in line with govt move to cat stake By' Teh Hooi Ling [SINGAPORE] Cable Wireless Optus shareholders will end up with a 17 per cent stake of Singapore Telecom as part of its Asl7 billion (Ssls
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  • Page 1 Advertisements
    • 78 1 DfSPB Top Stories ST Kinetics gunning for Italy arms deal. Pgs Omni's profit up 60% to $47m. Pg 6 Foreign banks in talks to join Nets. Pg 9 More consolidation seen among general insurers in Singapore: S&P. pq 10 ADB slashes growth forecast for 5 Asian economies. Pg 14 EU
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    • 95 1 Marina South in dk mm danger I-iUflllllC I If A of succumbing *> <i In m I to 'Tuas effect' Starting today, a new weekly page on university education Page 11 an( what it means for undergraduates and their parents Back Page IDJT aspirants \x who ditch their •Ljk'ffc* underwriters
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    • 30 1 SinrfFel likely to walk away if price too high, Pg 5 Call 388 3838 to subscribe The Straits Times Lianhe Zaooac The Business Times Berita Harian Project Eyeball Tamil Murasu
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  • NEXT page
    • 688 2  -  l-ii exclusive Choppy market, so more leeway sought in terms of IPO pricing and timing tty David Boey [SINGAPORE] Market volatility appears to have spread to the initial public offering market, with some stockmarket aspirants ditching their lead managers for finance advisers
      688 words
    • 511 2  -  Deal struck for $207.5 m cash; only Dilmnn group left to sell, worth about $20m Byi Conrad Raj [SINGAPORE] SembCorp Logistics (SembLog) has sold most of its marine services business to PSA Marine for $207.5 million cash as part of a previously
      CHRIS LOH  -  511 words
    • 483 2  -  They are wanted in sectors across the board: survey Ryi Anna Teo [SINGAPORE] Demand for technology-sawy executives drove a 30 per cent jump in se-nior-level hirings in Asia-Pa-cific last year, according to Korn/Ferry International's latest index of international executive demand.
      483 words
    • ON THE grapevine
      • 83 2 ACCORDING to one dealer, the stock market may be on the slide but he is still getting plenty of calls. Some of his retail clients are net buyers, with institutions the net sellers. So the outlook cannot be all that bad. "One sold his DBS when
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      • 61 2 LAST week, The Business Times ran an online poll after regional bourses started sliding. The poll sought opinions on whether Asian markets are headed for a major meltdown. This is how readers voted: Yes, they're being dragged down by Wall Street 56% No, prospects in Asia are
        61 words


  • MARKET chill
    • 910 4 Analysts are split down the middle on the likely size of the Fed rate reduction as they weigh conflicting signs about the economy Reuters IT is a given the US Federal Reserve will drop interest rates at a meeting today but a toss-up whether
      Reuters; AFP  -  910 words
    • 181 4 AFX [WASHINGTON] Former Federal Reserve board governor Wayne Angell said there could be a further sharp decline in US equity markets if the Federal Open Market Committee only cuts its key Federal funds target rate by 50 basis points at its formal
      AFX  -  181 words
    • 612 4  -  Rate-sensitive plays seen outperforming the market From Audrey Tan in Hongkong ALREADY soft from a poor economic outlook and the contagion effect of Wall Street, Hongkong stocks could take a further tumble tomorrow if the US Federal Reserve fails to
      612 words
    • 429 4  -  From Eddie Toh in Kuala Lumpur THE Malaysian stock market continued to head south despite efforts by the government to spur the economy and wipe the slate clean on non-performing loans in the country. The unremitting pressure on the market the
      429 words
    • 539 4 Reuters [TOKYO] An alarming downturn in Japan is a fresh hammer blow for exportdependent Asian economies already in pain because of a severe slowdown in the US and their own failure to overhaul inefficient, debt-ridden companies. As well as reducing demand for Asia's exports, economists
      Reuters  -  539 words
  • Page 4 Advertisements
    • 378 4 INSEAD Singapore mM I Fontrinebleru INSEAD, the reputed international business school and ranked by Business Week as the best outside the US, has a fully functional campus with accommodation facilities in Singapore conducting MBA and Executive Education programmes. For more than 15 years, INSEAD has organised various programmes in Singapore,
      378 words

  • SINGAPORE companies
    • 469 5  -  It nnveils world's first 155 mm self-propelled howitzer From] David Boey in Abu Dhabi SINGAPORE Technologies Engineering unit ST Kinetics yesterday unveiled the world's first 155 mm air-trans-portable, self-propelled howitzer, and said it plans to customise the weapon to compete in an Italian Army
      469 words
    • 264 5  -  By Rachel Ong MAINBOARD-LISTED Huan Hsin yesterday reported that its net profit for 2000 had risen 52 per cent to $22.1 million," in line with analysts' forecast of $22.8 million. Higher turnover in all core segments provided the impetus. A favourable foreign exchange
      264 words
    • 988 5  -  i!*T3!llock siew teh hooi ling THE first rule in negotiation is to be prepared to walk away. Unconfirmed reports from Sydney suggest that that's the approach Singapore Telecom is taking in its bid to buy over Australia's second largest telecoms
      988 words
    • 516 6  -  Earnings beat forecasts as contract manufacturing revenue jumps 116% By Andrew Wee OMNI Industries Ltd yesterday surpassed analysts' expectations by posting a 60 per cent rise in net profit to $47.3 million for the year ended December, thanks to the sparkling performance
      RICHARD CHNG  -  516 words
    • 769 6  -  Bat picture may change soon with store at Raffles City By\ Kalpana Rashiwala ROBINSON'S Marks and Spencer (M&S) stores in Singapore have returned to their position as the group's most profitable operations although analysts say the picture may change in the near future
      769 words
    • 392 6  -  New CEO sets fresh coarse for Pacfasion.com anit, adding e-services Hyi Andrew Wee PACIFIC Internet will focus on providing a comprehensive suite of Internet services to businesses, its new chief executive officer told BT yesterday. Since becoming president and CEO at
      RICHARD CHNG  -  392 words
    • 273 7  -  By Ven Sreenivasan PANPAC Media may have found a buyer for its financial portal AsiaStockWatch.com. "The company has entered into an agreement with the prospective investor granting it an exclusive option to consider the viability of the investment for a period of two weeks," PanPac said.
      273 words
    • 244 7  -  By. Andrea Tan HOTEL Properties Ltd bounced back into the black with a $43.1 million net profit last year after a $57.2 million loss in 1999 thanks to the sale of land rights in its London Canary Riverside development. For the year
      244 words
    • COMPANY Briefs
      • 42 7 THE Securities Investors Association Singapore (SLAS) is organising the SIAS Online Trading and Investment Fair 2001. The event will run from Mar 31 to Apr 1 at the Singapore International Convention and Exhibition Centre gallery. Admission is free.
        42 words
      • 42 7 HONG Lai Huat Group reported a 57 per cent drop in net profit to $2.38 million for 2000. Turnover was $58.1 million, down 20.4 per cent. The lower turnover was attributed to lower construction division activities.
        42 words
      • 51 7 WBL Corporation has clarified that the proforma group for the purpose of listing its subsidiary M-Flex Singapore Pte Ltd (MFS) consists of MFS and its subsidiaries but does not include Multi-Fineline Electronix, Inc and its subsidiaries as reported in BT on Saturday. We are sorry for the
        51 words
    • 1016 7  -  New counter tops transparency index in results released last week By Paul Thompson The writer also lectures on accounting at the University of Nottingham in Malaysia, Kuala Lumpur THE latest batch of results proves that relatively small, newly listed companies can excel on the Corporate
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  • Page 5 Advertisements
    • 142 5 lit* I ®J&t*iit. f wm£> Wmf, lif \Wm^ IS., W w m **3gp. M I%MF WlCllHf << 'i «fijfl|' >K VK.I J XI M>- sfer ff JEf m jH. "m k JjH| j? 9% uiHm >• *#> m v Sfe^' m.. Jt I J Realize your vision jf 1 laffpp
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    • 27 5 AH, Alv igs m "Assrt «AssH fyPLt* ty/PLt^ Best LBO Deal Best Private Equity House wm s j Wong's Circuits Ltd. The Asset The Asset ÜBS Capital
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  • Page 6 Advertisements
    • 168 6 -fgi' I *85&%. -'jNHL 3|gjHH§ ■3*4Bs^^^*l -4BBL Jmr aHHHHr—►/? 4..''*>£■* vhfc^^H i-' :^5M^^M»»Mr J t*. tmdULM fc. JMfcyi I llMr^i" y IBMSes# 1 11 iMKw y. <j«-• '.1 fIPV w -<9| ■HPil WPM| wu|*Mfc >•- mgm j WE ARE NOT ONLY *****02-CERTIFIED... xf-.v f—• -V&* V "'<•*.,'•• •■'?f .'•*•> •av
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    • 363 7 To enjoy 8% p.a. or more, with a guaranteed minimum, the only way is Up. A A j&k WKKtKSMM mbmmh|'> -m- I I Kl JF *~M BP W JS w JM Mfljßk Cash or CPF Investment Scheme Offer (OA SA): 13 March -20 April, 2001 lip's back and it's better
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  • SINGAPORE markets
    • 320 8 Stocks Vohmw Frontline 5c 23,835,000 SingTel 15c 16,816,000 People s Food HGK 50c 15,677,000 PCL50C 8.854,000 OUB 8,739,000 PacificCentutylOc 7,715,000 Integra 5c 7,628,000 Lankom US2C 7,296,000 GES Intl Ltd 20c 6,948,000 DBSGrp 6,565,000 Stock* DBS Grp.. 107,521.540 OUB 59,031,050 SPH 56,363,522 OCBC 48,397,120 DOB 42,796,584 SingTel 15c 40,453,598 S4A 22,313,015
      320 words
    • 614 8  -  l I comment STOCKS ven sreenivasan SINGAPORE stocks tumbled to another twoyear low yesterday as jitters about Japan's financial woes and higher oil prices combined with fears about the direction of the US economy. The intensity of the
      614 words
    • 242 8  -  HOT STOCK Ven Sreenivasan AFTER a recovery that started in March last year, the stock of drinks maker Fraser Neave (F&N) is showing signs of intense weakness. It has fallen almost 17 per cent in the past six weeks and tumbled another 30 cents or
      242 words
    • 184 8  -  WARRANT WATCH By- Ven Sreenivasan AS mentioned many times in this column, warrants are bull market instruments. So it was a surprise to see a warrant heading the percentage gainers' list yesterday. First Engineering's warrant, which expires in October this year, rose one cent
      184 words
    • 410 8  -  -I I comment CURRENCIES larry wee WITH two of three major American stock indices sinking to their lowest levels in more than two years last Friday, the greenback first made impressive gains yesterday but faltered by the close suggesting possibly more
      Source: Reuters  -  410 words
  • 2742 8 UNIT TRUSTS FUNDS Manager's prices (Ss): Mar 20 Ahardean Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNC Fd 0.736 0.774 Global Technology Fd!** 0.625 0.657 UK Blue Chip Fd!** 0.745 0.783 American Opport Fd 0.811 0.852 ContEuro EqtyFd!** 1.043 1.096 JapanEqtyFd!** 1.107 1.163 Asian Fixed Income Fd 1.076 1.109
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  • SINGAPORE news
    • 445 9  -  Bnt it will not replace bank branches or ATMs By Ling Su Ann THE newly-introduced CashBack service offered at selected retail stores will result in cost savings for local banks, but will not replace branches or ATMs (automated teller machines).
      FILE PHOTO  -  445 words
    • 319 9 They eye network's 17,000 terminals in 10,000 outlets Bloomberg [SINGAPORE] Citigroup Inc. Standard Chartered pic and two other foreign banks may get access to Nets, the network set up in 1985 by Singapore lenders that lets retailers debit a customer's bank account at
      Bloomberg  -  319 words
    • 283 9  -  From Diana Oon Abdullah in Kuala Lumpur MALAYSIA is the investment destination of choice for Singapore companies, said the visiting president of the Singapore Confederation of Industries (SCI), Robin Lau, yesterday. Besides the lower cost of doing business in the country, social and
      283 words
    • 315 9 I=M=J on the economy wages AVERAGE monthly earnings rose to $3,585 in the fourth quarter of last year in real terms, up 9 per cent from a year ago, official figures show. For the fUll year, monthly earnings across the board averaged $3,030.
      315 words
    • 524 10  -  Tie-nps likely to be foreign insurers taking strategic stakes in local firms By. Angela Tan POST-Asian crisis recovery for Singapore insurance companies has been difficult, with rating agency Standard Poor's (S&P) seeing room for consolidation among more than half of the general insurers
      524 words
    • 173 10  -  Fromi Chuang Peck Ming in Warsaw PRIME Minister Goh Chok Tong arrived in Poland's capital yesterday morning and was given a full ceremonial welcome by his Polish counterpart, Jerzy Buzek. The 15-minute ceremony took place at the Prime Minister's Chancery. After the orchestra
      ST/IRENE NG  -  173 words
    • 300 10  -  Plans also include building a new service culture By- Andrea Tan AN urban entertainment centre to showcase Singapore as a fun-filled and vibrant destination is one of the key recommendations made by the Tourism 21 Status Review committees. Other recommendations to help
      FILE PHOTO  -  300 words
    • 279 10  -  MAiLiirrrn Denis Distant Singapore, via Internet MOST shareholders who attended the Special General Meeting of Wah Shing International Holdings on March 17 were shocked to be told at the registration desk that they could not vote or ask questions at the meeting because they
      279 words
    • 533 10  -  Narayana Narayana Singapore via Internet I REFER to your article "OUB imposes floor limit caveat on IPO subscription rates" (BT, March 15). Your article carries the interesting explanation that "Overseas Union Bank has taken the unusual step in a bid to shield investors
      533 words
  • Page 9 Advertisements
    • 369 9 generation business Now, you enjoy powerful I e-business solutions at great prices with our special hardware bundle. k Af IBM, we understand the needs of small business. And we I have the total solutions to back our commitment. Take the I IBM <© server xSeries 200. It's the most affordable
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  • Page 10 Advertisements
    • 134 10 incorporating I.*. '7; 1 Streaming j 21 23 March 2001 Singapore Expo "ft#* sHf niinßr PI I nnTrir^^^B Asia's Premier Presentation Technology Multimedia Show Special Feature Area Asia's most established presentation trade show showcases the with over 160 exhibitors leading solutions Intelligent Classroom, companies in the presentation industry. Office and
      134 words
    • 66 10 We welcome letters. E-mail us at btletter® sph.com.sg or fax us at *****71, orwriteto: 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 in mind
      66 words

  • FOCUS property
    • 185 11 CITY Developments sold 45 units at its freehold Goldenhill Park condominium at the weekend, while Allgreen Properties sold 15 at its 99-year-leasehold Binjai Crest cluster housing project. The purchases bring overall sales at CityDev's Lorong Chuan project to 125 units and those at
      185 words
    • 732 11  - Aberration —or foreboding? Marina South is in dangor of succumbing to the Tuas effect' I I comment PROPERTY lee han shih THE Urban Redevelopment Authority's tender for two prime pieces of land in the reclaimed Marina South closed last week in the midst of what many have called the biggest
      FILE PHOTO  -  732 words
    • 280 11  -  It launches design contest after earlier delay By Trina Foo PLANS for the new NTUC building at Raffles Quay have been dusted off again after hitches in the project caused a delay of several years. The building was slated to be ready this year,
      280 words
  • Page 11 Advertisements
    • 148 11 CATS. Buy It. Sell It. Find It. FOR SALE BY TENDER Near Still Rd/ East Coast Rd Very convenient location, Land Area: 33,150 Sq Ft near reputable Pri/Sec Sch, Zoning: Residential Parkway Parade, F&B Outlets Plot Ratio: 1.4 Suitable for 5-storey TENDER CLOSING: Residential Development 27 MAR 01 (TUE), 12PM
      148 words
    • 264 11 I /JRSV Jones Lang W LaSalle. Singapore's most desired address Good Class Bungalow at Highly exclusive locality Site Area: 25,429 sq ft (approx) Just l) 2stor ev house with 4 bdrms and a swimming pool JMP Potential for 7 units of Good Class Bungalows ■faWfl Dual Frontage l^kj Rarely available
      264 words
    • 174 11 b— I Apartment Building For Sale Freehold, District 10 m SST m 4 tsy Single Owner Selling /gy 7 Apartments/1 Penthouse Squash Court/Swimming Pool Vacant Possession Land Area Approximately 20,325 Sq Ft Plot Ratio 2.1 U */$f Private Treaty Sale SUBJECT 1 Apartment Per Floor I (PROPERTY \V 'A Popular
      174 words

  • EDITORIAL & opinion
    • 807 12  -  OPINION iTTTqi bottom line suresh kumar The writer is emerging markets analyst with Standard and Poors MMS International IT was Black Monday for the Indonesian rupiah last week. It suffered its biggest oneday loss against the US dollar in 35 months. The fall,
      807 words
    • 98 12 'Individual investors got hooked on equities. It went too far, and they came to think that equities were riskless.' Robert Glauber chief executive of the National Association of Securities Brokers and a Treasury Department undersecretary in the first Bush administration, on the state of US stockholders. 'I'm
      98 words
    • 627 12 EDITORIAL PRESIDENT Abdurrahman Wahid seems to be in danger of losing his grip on the presidency. He is facing open opposition even from his vice-president, Megawati Sukarnoputri, once thought to be a loyal ally. The big question is whether, and how, the Indonesian
      627 words
    • 1234 12  -  The Tehelka exposure has simply pnt beyond doubt what people in India already knew abont political corruption By\ Prem Shankar Jha The writer, based in New Delhi and former editor of The Hindustan Times, contributed this article to BT TEHELKA.COM'S clandestinely videotaped exposure of
      AP  -  1,234 words
    • 682 12  -  COMMENTARY With 'friends' like these in the establishment, pity America's kids By' Thomas Szasz The writer, a professor emeritus of psychiatry at SUNY in Syracuse, New York, is the author of the forthcoming book, 'Pharmacracy: Medicine and Politics in America' LATWP FIFTY years ago
      LATWP  -  682 words

  • REGIONAL news
    • 644 13 SINGAPORE Bat analysts say their new forex roles can do little to bring about respite for ailing baht, rnpiah Reuters CENTRAL banks in Indonesia and Thailand may huff-and-puff and impose hefty fines on banks for breaching their newly-imposed forex rules, but analysts reckon
      Reuters; AFP  -  644 words
    • 327 13 KUALA LUMPUR Bloomberg TENAGA Nasional Bhd will buy back more of its bonds than it expected, Lehman Brothers Inc, which helped arrange the purchase, said, after the company offered bondholders more than the securities' market value. It offered to buy back US$9OO million
      Bloomberg  -  327 words
    • 296 13 JAKARTA Jakarta bourse says outcome will be made public THREE officials of beleaguered Asia Pulp and Paper (APP) units declined to answer reporters' questions after a scheduled hearing with the Jakarta Stock Exchange yesterday. "The outcome of the hearing will be
      296 words
    • 400 13 JAKARTA AG has to arrest 3 'YlPs' by end March or face the sack AP THE future of Indonesia's at-torney-general was in doubt yesterday after President Abdurrahman Wahid threatened to dismiss him unless "three important people" were arrested by the end of the month. In
      AP  -  400 words
    • 202 13 Central bank still supporting ailing rnpiah in the market Reuters [JAKARTA] Indonesia's central bank said yesterday that it would raise interest rates this week due to concern about inflation and added it had continued to intervene in the currency market to sup- port
      Reuters  -  202 words
    • 461 13 JAKARTA The move could accelerate impeachment proceedings AFP NINE Indonesian political parties yesterday asked Parliament to call a plenary session within a fortnight to discuss a second censure motion against President Abdurrahman Wahid, a senior MP said. Reform faction leader
      AFP  -  461 words
    • 177 14 BANGKOK Bloomberg SEAGATE Technology Inc, the world's biggest disk drive maker, said it plans to invest as much as 5.5 billion baht (Ss22l million) in three projects in Thailand to help pare property costs, wages and taxes. The company will expand or
      Bloomberg  -  177 words
    • 541 14 Malaysia, Indonesia, S Korea, Thailand and Philippines hit by global slowdown AFP [MANILA] The Asian Development Bank (ADB) yesterday drastically cut its economic growth forecast for 2001 of five Asian economies due to the USled global slowdown and weak electronics demand. The
      AFP; AP  -  541 words
    • 462 14  -  US firm and 2 Japanese banks target mid-sized companies From Harish Mehta in Bangkok A MAJOR US investor and two Japanese banks yesterday set up a Thailand Corporate Recovery Fund worth US$l5O million (***** million), aimed at reviving the fortunes of troubled mediumsized
      462 words
    • 518 14  -  From Quak Hiang Whai in Hongkong AMID the uncertain economic outlook, Hongkong's jobless rate reversed its one-and-a-half years' downtrend, rising in the three months to February to 4.5 per cent, from 4.3 per cent in the preceding three months to January.
      AFP  -  518 words
    • 432 15 BOMBAY Congress party urges go vt to resign; Budget session paralysed AFP, AFX-Asia INDIA'S ongoing political crisis, coupled with payments concerns on the stock exchanges, could slow down the pace of economic reforms and dampen foreign investor sentiment, analysts said yesterday. India's
      AFP,; AFX-Asia  -  432 words
    • 382 15  -  From Quak Hiang Whai in Hongkong CITIC Pacific Ltd, a Hongkong conglomerate backed by state-controlled China International Trust and Investment Corp (Citic), yesterday reported a 16 per cent jump in net profit to HK53.43 billion (*****.6 million) for the year ended
      382 words
    • 274 15 TAIPEI Reuters A POWER blackout forced an emergency shutdown of a nuclear power station in southern Taiwan on Sunday, the worst such incident in 22 years, but there was no risk of radiation leaks, officials said yesterday. State-run Taiwan Power Co, which oversees
      Reuters  -  274 words
  • Page 13 Advertisements
    • 107 13 We are expanding and will be moving to a better and bigger office. Our new address with effect from 26 March 2001 will be at: 9 Raffles Place #42-01 Republic Plaza Singapore *****9 Banque Internationale a Luxembourg Singapore Branch Dexia BIL Asia Singapore Limited Dexia Asset Management (Asia) Ltd Dexia
      107 words

  • Page 14 Advertisements
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  • Page 15 Advertisements
    • 162 15 GENERAL FINANCE INTERNATIONAL BUSINESS r* J& e ee<^s MBA was ranked one of the world's «< r' MP* top 100 programmes by University of Leeds The Financial Times. For an application, please contact PBS. Our 29th intake commences in July 01. For details, logon to pbschool.com.sg or contact 338 6778
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      120 words

  • e-NEWS
    • 613 16 CHICAGO Wireless firms face challenges of US downturn, upgrading tech to next level Reuters AMID a gloomy economic outlook and a loss of investor faith in the telecommunications industry, wireless firms are poised to jump-start the momentum for the launch of
      Reuters  -  613 words
    • E Briefs
      • 90 16 Reuters [NEW YORK] Lucent Technologies Inc was set to announce yesterday a three-year, US$5 billion (SsB.9 billion) contract to outfit Verizon Wireless with kit designed significantly to increase the capacity of the largest wireless provider in the US, the Wall Street Journal reported
        Reuters  -  90 words
      • 56 16 AFX-Asia [TOKYO] Sega Corp will name co-chief operating officer Tetsu Kayama new president of the firm, replacing Isao Ohkawa, who died of a heart failure last week, the Yomiuri Shimbun reported, without specifying sources. Mr Kayama joined Sega last November and was named co-chief
        AFX-Asia  -  56 words
      • 84 16 AFP [STOCKHOLM] Ericsson, the beleaguered Swedish telecoms giant, is to present measures by the end of March to overcome problems in its telephone handsets unit, the Swedish news agency TT said yesterday quoting Ericsson officials. Ericsson warned last week that it would post a heavy
        AFP  -  84 words
      • 62 16 AFX [FRANKFURT] The German military plans to stop using Microsoft Corp's software following information it received that the US secret service is in possession of the complete facility for decoding Microsoft, the weekly magazine Spiegel reported without citing sources. The military is to employ decoding technology
        AFX  -  62 words
    • 64 16 [HANOVER] A worker sets up LCD screens showing a video called "Better Software "at one of the stands on thefairground in Hanover on Sunday, four days ahead of the opening ofthe CeBIT, the world's biggest computer, software and telecommunication fair. Some B,oooexhibitorsfrom 62 countries are
      AFP  -  64 words
    • 537 16 TOKYO Reuters JAPAN'S Nintendo Co Ltd is set to ignite the biggest battle yet in the video game market with its long-awaited launch tomorrow of Game Boy Advance, successor to the world's top-selling Game Boy hand-held machine. On the surface, the new
      Reuters  -  537 words
    • 410 16 TOKYO L-mode to be modelled on DoCoMo's i-mode Bloomberg ATSUHIKO Sata, a marketing manager at NTT East Corp, pledged in September not to shave until his company signed one million users for a service allowing Internet access through specially designed home telephones. How long
      Bloomberg  -  410 words
    • 236 16 SANTA CLARA, California Bloomberg PALM Inc, the No 1 maker of handheld PCs, unveiled its first devices that work with expansion cards and an updated operating system, to compete with new machines from Handspring Inc and Sony Corp. Palm's US$4OO <Ss7oB) M5OO and US$45O M
      Bloomberg  -  236 words
    • 256 16 Live Art on the Net from seven artists BERLIN Project said to be world's first Net art marathon AFP SEVEN German artists have launched what they called the world's first Internet art marathon with "Live Art", a project to broadcast artistic creation online seven hours a day over seven days.
      AFP  -  256 words
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  • WORLD news
    • 577 17 BRUSSELS Ministers to examine the battery of steps taken to contain virus, discuss mass vaccination AFP EU farm ministers gathered in Brussels yesterday to deal with ways of containing the spread of foot-and-mouth disease, with the controversial issue of mass vaccination of animals at risk
      AFP  -  577 words
    • 318 17 ABERDEEN The mutual fond manager says it is neither seeking nor soliciting offers Bloomberg ABERDEEN Asset Management Pic, Britain's No 4 mutual fund manager, has received no recent takeover offers, said chief executive Martin Gilbert. "We have had no approaches for ages
      Bloomberg  -  318 words
    • 390 17 ANKARA AP TURKEY has reached a preliminary agreement with the International Monetary Fund on steps to shore up an economy that the government yesterday said would contract by 2 per cent this year. Economy minister Kemal Dervis said as
      AP  -  390 words
    • 511 17 LONDON Cash offer has been pnt to the clnh's shareholders, valning it at £12m Reuters A TAKEOVER battle at the Groucho Club, favourite watering hole of London's leading literary lights and home to Bohemian bonhomie, has got members and shareholders grumbling into their gin
      Reuters  -  511 words
    • 409 17 LONDON The bank hopes to sell more cards by linking op with the US giant Reuters BRITISH bank Abbey National yesterday sold its credit card business to the European arm of US card giant MBNA for £289 million (Ss72B million) under a
      Reuters  -  409 words
    • 300 17 TOKYO Bloomberg SUMITOMO Bank and Sakura Bank said they will evenly split the top 50 executive positions after they combine to form the world's second largest lender next month. Sakura chairman Masahiro Takasaki and Sumitomo chairman Toshio Morikawa
      Bloomberg  -  300 words
    • 241 18 TOKYO AFP ELECTRONICS giant Toshiba Corp said yesterday that it was shifting its entire Japanese production of standard television sets to northern China in an attempt to survive intensifying competition. The Japanese company plans to transfer the production to a
      AFP  -  241 words
    • 473 18 SEOUL Ailing carmaker imposes news blackont on takeover talks with General Motors AFP BANKRUPT South Korean carmaker Daewoo Motor Co said yesterday it will slash 6,500 overseas staff and imposed a news blackout on takeover talks with General Motors. The latest layoffs will
      AFP  -  473 words
    • 405 18 AFP [SEOUL] Fugitive Daewoo Group founder Kim Woo Choong is preparing his memoirs in Europe and contemplating suicide to take responsibility for his failed business, his lawyer said. Kim, 65, is worried that he may have a second attack of stomach
      AFP; REUTERS  -  405 words
    • 553 19 MELBOURNE Shares in the new company, BHP Billiton, will be traded in London and Sydney Bloomberg BHP Ltd, Australia's biggest resources company, has agreed to acquire Billiton pic of the UK, creating the world's biggest mining company by market
      Bloomberg; REUTERS  -  553 words
    • 371 19 CANBERRA Bat govt promises to listen more to voter concerns AP THE government will continue with economic reform, but listen more to voter concerns. Prime Minister John Howard said yesterday after a big swing to the opposition in a key by-election. With the result in
      AP  -  371 words
    • 230 19 TOKYO Reuters JAPAN'S biggest carmaker, Toyota Motor Corp, said yesterday it is in talks with US auto giant Ford Motor Co and other makers to cooperate in areas possibly including financial services and low emission cars. "We are discussing with a
      Reuters  -  230 words
  • Page 17 Advertisements
    • 223 17 You've found a way to succeed. Now learn to find another. of Michigan loin m \m Asia 2001 to find sotatkms to yov business problems j The MfchigM Business Sdiod I t- 7C _4 I■ H ■fI ■i 11 .li.lj. ■jp jm H ms i 9 years or ntsiory ocifvenng
      223 words

  • Page 18 Advertisements
    • 49 18 I y^' r Singapore BifciNESfjAwArfbs M flu lL M UliL v W |ik Congratulations to the winners of the Singapore Business Awards 2000. r^^^s^wdi Minister for Communications and IT Yeo Cheow Tong will present the awards tonight at the Ballroom of The Ritz-Carlton, Millenia Sinqapore 3 r ■JDWgL— TIIKBI^\KSSTIM|.N
      49 words

  • Page 19 Advertisements
    • 122 19 POWER WHEREVER YOU NEED IT. WHENEVER YOU NEED IT. Whether your power needs are for short term, long term or even an emergency, you can now rent your power from Cummins Power Rent. We'll deliver the power you need. Where you need it. When you need it. And the way
      122 words

  • Page 20 Advertisements
    • 2625 20 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOEL GIFTS INTERNATIONAL LTD NOTICE TO WARRANTHOLDERS To: All Holders of Warrants to subscribe for Shares in Noel Gifts International Ltd (the "Company" or "Noel") expiring on 27 April 2001 at 5.00 p.m. ("Warrants'). mm j THIS IS AN
      2,625 words
    • 1065 20 M THE MATTER Of THE COMPANIES ACT. CAP. SO AND m THE MATTER OF THE BOOTH PTE LTD (In Mwnbtt Voluntary Liquidation) At an Extraordinary General Meeting ol the Members ol the abovenamed company duly convened and held at 7 River Valley Close #02-02 Euro-Asia Court. Singapore 238 431 on
      1,065 words

  • FINANCE & commodities
    • 257 21  -  S6Z Derivatives Trading Report ST Index/MSCI SPpore Index Wong Ann Chuen Refco (Singapore) Pte Ltd THE Singapore stock market continued to mirror downturns in the US stock markets, where both Dow Jones and Nasdaq remained in bearish mood. At the close, the benchmark Straits Times
      257 words
    • 228 21 MSCI Taiwan Index THE Taiwan stock market tumbled yesterday as electronics and financial bourses lost steam ahead of the US Federal Reserve's policy-set-ting meeting. At the close, the MSCI Taiwan stock index was 5.85 points, or 2.23 per cent, lower at 256.38 points. The market stayed
      228 words
    • 218 21 Reuters London THE yen bounced off 22month lows against the US dollar yesterday after Japanese officials raised doubts about their perceived tolerance of a weaker yen, just hours after monetary easing by Japan's central bank. The confusion over policy triggered waves of profit-tak-ing which sent the dollar sliding
      Reuters  -  218 words
    • Article, Illustration
      1238 21 DfTERBAMK CROSS RATES CS *mb Euro Fh Pm HK$ Ind ts KytH Van Wow III ll8Wih N S$ *mt Sfr *TS 8aW Hmt US$ Australia 0.781 4.137 0.557 3.654 1.090 1887 23.274 51.839 0.615 6.477 1.894 1190 30.151 24.177 0.883 1975 0J53 ***** 21.922 0349 0 498 Canada 1280 5.297
      1,238 words
    • 1914 21 SICOM FUTURES Mar 19 RUBBER (futures do«nq as at 5.30pm) RSS1 cents/kg) Close Volume Open Month High Low Sett (tomes) Interest Apr 01 99.75 99.75 100.25 300 200 May 01 ***** 800 Jun 01 103.25 800 Jul/Sep 01 104.25 750 RSS 3 CONTRACT (US cents/kg) Volume Open Month High Low
      1,914 words
  • Page 21 Advertisements
    • 34 21 N M ROTHSCHILD SONS X \r over 200 yeort of banking Tel: 65-535 9677/65-535 9100 Fax: 65-535 8713 s-y 11 n 1 I.IJ rr o Email: treasury^rothschild.com.sg Call Rothschild Treasury Services today. Website: www.nmrothschild.com.sg
      34 words

  • STOCKS east asia
    • 2906 22 HONGKONG AFP ClHaiigSeng -6135 HONGKONG share prices fell 0.5 per cent yesterday in cautious trade following a decline on Wall Street on Friday, dealers said. The local bourse was expected to remain weak in the near future regardless of whether US
      AFP  -  2,906 words
    • 2136 22 TOKYO AFP n Nikkei 225 -42,01 TOKYO stock prices closed mixed yesterday as investors retreated to the sidelines ahead of a decision by the Bank of Japan (BOJ) on whether to return to zero interest rates, brokers said. The Tokyo Stock Exchange's Nikkei--225
      AFP  -  2,136 words
    • Article, Illustration
      1050 22 AFP PI Shenzhen Binder +25.73 SHANGHAI B-shares climbed 3.9 per cent yesterday as strong buying demand from local investors overpowered profit-taking pressure, dealers said. The Shanghai Stock Exchange's B Share Index added 5.16 points at 137.43 on turnover of 1.69 billion yuan. The A Share Index rose 16.02 points,
      AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,050 words
    • 387 22 AFP OVP Index -142.04 TAIWAN share prices closed 2.4 per cent lower yesterday on concerns over Wall Street's fall on Friday, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 142.04 points to 5,641.89, while turnover shrank to NT575.97 billion from the previous trading session's NT5146.69 billion. "Sentiment
      AFP  -  387 words
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  • STOCKS klse
    • 410 23 AFP C 3 Composite Index -&75 MALAYSIAN shares closed one per cent lower yesterday as the bourse came under seUing pressure amid last Friday's Wall Street declines, dealers said. The Kuala Lumpur Stock Exchange Composite Index feU 6.75 points to finish at 665.26.
      AFP  -  410 words
    • 8843 23 MOUSTIULS Cmmmt pniicts 2001 Last V* Day Mat Cap H» Ltm Cmhw Sata -000 W» Urn W 340 300 Ajmomoto 306 -2 2 306 306 92 B4C 45 29 Angkasa 31 unch SO 32 29 45.7 342 286 ApoMo Food Hlg 300 K> T7 308 300 65 120.0 356 JOB
      8,843 words
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  • SGX clob & regional stocks
    • 2575 24 BONDS A WARRANTS L-. m m Wtm fnmj t+n f- Ljstteato Avj hum c«* Imt Dm mm H» Urn rw U. Utm Mm M. <«, MNt Lafl 40 0.5 s Ac ma ******4 1 0.5 I i «n 2.5 AIITech ******7 3 2.5 3 17.6 1 TO IS S 5
      2,575 words
    • 318 24 AFP n Composite Index -434 SOUTH Korean shares fell 0.8 per cent or 4.34 points to close at 534.33 yesterday. Volume was 251.7 million shares worth 1.2 trillion won. AFP Marl* to* Ana m Semi 4000 20 Brjln T»cfl 580 -20 Central Bank 170 0 ChetlComm <***** 0 Dm
      AFP  -  318 words
    • Article, Illustration
      763 24 AFP O SET Index -L 7 THAI share prices fell 0.6 per cent yesterday in rangebound trade, with investors sidelined ahead of the FOMC meeting in the United States, dealers said. The Stock Exchange of Thailand (SET) Composite Index slipped 1.7 points to 291.30 while the SET 50 Index
      AFP  -  763 words
    • Article, Illustration
      758 24 AFP P Composite Index -1138 INDONESIAN share prices plunged 3.5 per cent to close at a 28-month low yesterday, due to a lack of fresh leads and uncertainty ahead of the US Federal Open Market Committee (FOMC) meeting, dealers said. The Jakarta Stock Exchange Composite Index closed down 13.38
      AFP  -  758 words
    • 551 24 AFP HAD Ordinaries -35.6 A RUSH for BHP shares after it announced plans to merge with Britain's Billiton failed to prevent Australian shares sliding 1.1 per cent yesterday. The All Ordinaries Index fell 35.6 points to 3,161.5 and the SP/ASX2OO fell 36.4 points to 3,216.0. The All Industrials Index
      AFP  -  551 words
    • 282 24 Reuters PI Composite Index +920 MANILA stocks closed slightly higher yesterday as local investors engaged in shortterm buying. Last-minute buying saw the 33-share Composite Index climb 9.20 points to close at 1,507.52 points. Turnover slid to 290.80 million pesos from Friday's 309.43 million. Reuters (OOP) Abacus Construction 0.56 unch
      Reuters  -  282 words
    • 263 24 AFP PIBSE-40 -3L38 THE New Zealand sharemarket closed 1.5 per cent lower yesterday. The benchmark NZSE-40 closed down 31.38 points, at 2,067.68, as the New Zealand dollar see-sawed between 41.5 and 42 US cents. Market turnover was NZ$lB4 million. —AFP ■Mr* IBS (000) A3vantage HOS 1.02 -0.06 228 Air
      AFP  -  263 words
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  • STOCKS sgx
    • 5985 25 52 Wk <« <* M MR Lm« Oa* U*t Quote Mo M» TW MM Ca ta 1 35 £5 r —P"» Sal. W- rm HI I— 8»y> S«fcr CVr Pit s3j w3 multi-industry 'S3 49 cAcmaSOc 49 -2.5 108 50 5 49 49 49 .5 5 4.3 5.1
      5,985 words
    • 1577 25 Cr 6r M wt Uf om, um QM M. CM. TW MM Cm W» 1— Cif, Sate W- rw> ll» f 8a— S«*ar o m 3 iB MANUFACTURING 191 57.5 c AS Auto 10c 575 -7 5 217 59 57 .5 57 .5 58 10 N 2-2 1.7
      1,577 words
  • Page 25 Advertisements

  • New Asia Biz Woman
    • 779 26 For four years, figure skating has been dominated by the veterans Reuters [VANCOUVER] IT HAS been four years since a diminutive 14-year-old named Tara Lipinski took the world championships by storm, becoming the youngest women's winner in figure skating history. Less than 12
      Reuters; AFP  -  779 words
  • Page 26 Advertisements
    • 107 26 (Asset bcickcd shoit tcnn Notts rdttd A 1) •s wi' i 4»T|j|Mfl^H HJ; A^R1 I All 011 IK Sl/l \l\ ATM: 55.'0.000.000 (In .1 Hrst-l omo-l-irst Smed basis IWI MMI'M Sl/l 7 SS 10.000 01 111 multiples OI'FMMU: 9.50 a.m. I tidax lb M.nvh 2001 of SS 10,000 HosiNG: I.'
      107 words

  • Page 27 Advertisements
    • 356 27 Where to wine, dine and entertains For lunch, you can enjoy our ever popular Japanese culinary flavour while for dinner, you can tuck in to a sumptuous selection of Japanese. Asian and Western dishes, from sashimi to shark's fin soup to drunken chicken to even roast beef sirloin. I Lunch:
      356 words
    • 43 27 v Qianlong Imperial Banquet A Yangzhou Feast at Pine Court 20 to 28 March 2001 Lunch: 12:00 noon 2:30 pm 85?e dinner: 6:30 pm 10:30 pm SSEEv Reservations: 831 6262/66 JB. ffIPE 133 Orchard Rotd S.ngjporr *****7. Tel: 737 4411 Fax: 732 2361
      43 words
  • Page 27 Miscellaneous
    • 931 27 Central 9*00 Who Dares Win. NcwaAak g rNA Tnni ht E9.00 AM Kids Central: 10.00 La 2*22 AM Headlines «!30 Beyond The Great Wall Blue's Clues. 1156 SnonnT «*®2 Asia Beyond/Know- on (R). 9-30 Nini's Tree House. 12 no MN Sliders M ing Asia 10.00 Singapore Tonight. 10.00 Steven Spielberg
      931 words
    • 307 27 OftirnC CROSSWORD ACROSS 3 Fail examinee for his fieidwork? 1 Be quiet, and just dress warmly! (9) (4, 2) 4 Quip spoken in French by a 5 Heroic tale, no less, from Amer- master (6) indian chief (8) 5 Often sheds tears maybe be--9 Explain how to keep a client's
      307 words

  • KNOWLEDGE economy
    • Article, Illustration
      1138 28  -  yvette flanigak and REBECCA chew explain why it is so important for professions in the healthcare industry, which deals with sensitive personal information and physical safety, to be registered YVETTE FLANIGAN,REBECCA CHEW The writers are from Rajah Tann, Andersen Legal. Ms Flanigan is from the firm's Technology Practice
      FILE PHOTO  -  1,138 words
    • 1782 29  -  RfttiHKi. oira sat in on a recent conference on career trends in a knowledge-based economy, and muses on the 6.2 career changes that she and her contemporaries are likely to see in their lifetime RACHEL ONG Rachel Ong, all of 18years old and yet to embark
      FILE PHOTO  -  1,782 words
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  • Page 29 Advertisements
    • 11 29 SPECIAL INTERESTS The Straits Times Classified. Classifications 52 86. Buyh.sdih.Find h.
      11 words
    • 222 29 SPECIAL FEATURE 27 MARCH 2001 f I •V--Make waves in a knowledge-based a 0 Singapore's position as a major maritime hub f i has never been more important, especially now that the Trade Development Board t| to step up efforts towards efficient trade system. infrastructure, as business environment. Training, education
      222 words

  • CAMPUS life
    • 1006 30  -  The merits aside, a scholarship is not a straight ticket to success and isn't for the laid-back types, says JANICE LEE JANICE LEE Scholarship applications have just closed. And after the flurry of forms and testimonials, students have barely time to breathe
      FILE PHOTO  -  1,006 words
    • 709 30  -  DOSt 14: It from Massachusetts By Koh Hui Ting I REMEMBER the day I went back to school to collect my A level results. It was the most exciting and harrowing day of my life. As I walked into the school hall
      709 words
  • Page 30 Advertisements
    • 217 30 APS Campus chat Got anything to say about today's stories or something interesting to share? Then air your views at http://btbuzz.aslal.com.sg ore-mail us at btletter9Bph.com.sg Added reason for flying j Business Class with Receive 3-year free f/i£ latest Siemens HHHHHH < J ■■■■1 < ff* r*C V V KkLalVI I
      217 words