The Business Times, 18 March 2000
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2000-03-18
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The Business Times
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Title Section13 2000-03-18 1 MtTA(P) 036/12/1999 85C I SINGAPORE Internet: http /business-times.asia.l com.sg/' SATURDAY, MARCH 18, 200013 words
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Article63 2000-03-18 1 Dsn *»UT(+7&3«) n®" L 3 U (+25.34) fiuunmus UI7SJW (+15.60) antphuiKEr imss Friday Change KL8E00MP 04.78 +14* MfcKEI I9JMJ3 +S1109 HANG SENO t7,l«Ji +7HJI swindex_: mn i on JAXAfTACMP _JHJ6 4« MANILA COMP —1,***** >1131 TAIPEI WP1 7 *Mft SEOUL OOMP »U7 +I4JK CLBA CHINA B 7M« +447863 words
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Article75 2000-03-18 1 PHBU USI ss UM L714 f(08t/Slp«r£) IJ74 urn EUKHWBWE) IM 1JM W 1919 9LM9 THf MM UM M 1999 1491 HK$ 7.781 1229 BAfTT 17 JB 9.949 ■WIAH 7.441 9.99* 'Bmmrnm S$ run ims SINGAPORE* *80 KUALA LUMPUR 7.«7 JAKARTA SMI BANGKOK .3.51 MANILA 11 00 BONO KONG 8.5075 words
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810 2000-03-18 1 Conrad Raj - New entrants to be spaced ont; 49% foreign ownership cap lifted Byi Conrad Raj [SINGAPORE] In a continuing bid to become a world class financial centre, Singapore yesterday lifted restrictions on the entry of direct insurers and brokers. It also lifted the 49 per810 words
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Article, Illustration144 2000-03-18 1 Christopher Tan - -Byi Christopher Tan sOKto am Malayan Motors, a unit of listed Wearnes International, has sold two Bentley Arnage Red Labels, each worth a JX? st f per ux J ir y s 75 -lttre carnages, the latest from Volkswagen-owned Bentley Motor Cars of Crewe, were snapped up within144 words
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602 2000-03-18 1 Ven Sreenivasan - Asian bourses mirror Wall Street's overnight surge By Ven Sreenivasan [SINGAPORE] The Singapore stock market yesterday ran up its biggest single-day surge this year as "old economy" stocks roared back with a vengeance, mirroring a record single-session leap by New York602 words
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Article, Illustration117 2000-03-18 1 [NEW YORK] The Nasdaq Composite Index yesterday morning extended its rebound from the 9 per cent plunge that it saw at the beginning of the week, while the Dow Jones Industrial Average rose for a third session. By 11 am EST, the Nasdaq was up 65.81117 words
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Article, Illustration581 2000-03-18 1 Koh Huiting - By Koh Huiting [SINGAPORE] Add a bit of waltz, foxtrot and the Charleston to big band jazz music, a dash of colour and a pinch of African poly rhythms. Mix and shake well. The result? A true American vernacular581 words
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468 2000-03-18 1 The power is in the D&yD&ckate Bloomberg [SEATTLE] Amazon.com Inc awarded stock options that could be worth a combined US$2 billion (553.4 billion) in two decades to two top executives who joined the biggest Internet retailer last year. President Joe Galli, formerlyBloomberg - 468 words
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Page 1 Advertisements
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Advertisement93 2000-03-18 1 mauiE Top stories 40% of Clob investors accept Effective's offer. Pg 3 Delgro net profits jump to $66m. Pg 3 Dot-coms seen facing looming cash crunches. Pg 8 Pacific Century CyberWorks suspends trading after misleading profit I report Pg9 Sotheby's and Christie's said to swap confidential lists of super-rich clients.93 words
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Advertisement27 2000-03-18 1 It ain't over till the US tech lady swings, Pg 5 la the Wall St rally a bear market rally?Pg 5 Taipei stocks pull ahead, Pg 227 words
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NEXT page
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ON THE grapevine
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Article111 2000-03-18 2 MANY think of accountants as pretty boring people who spend their time poring over numbers. Well, at least two male members of the profession here have debunked those myths and unknowingly demonstrated that they are interested in other kinds of figures as well. Little did they know that111 words
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Article57 2000-03-18 2 QUOTE of the day from Tom Siebel, founder of US software vendor Siebel Systems: "Hell, in Silicon Valley, you can raise US$lO million (Ssl7 million) having breakfast at Buck's restaurant. There is so much money running around, and where are these people going to invest it57 words
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Article95 2000-03-18 2 IN a stereotype-breaking interview recently on CNBC, World Wrestling Federation wrestler Bradshaw, aka John Leyfield, was asked about his winning stock picks. The burly wrestler had this advice for other investors: "Stay long-term, invest on a 10 to 15-year horizon and you'll be in the black." The CNBC95 words
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Article83 2000-03-18 2 AMERICAN businesses used to look East for new ideas, but now the Harvard Business School is looking West. Led by Professor Bill Sahlman, some 500 students recently visited Silicon Valley and many expressed interest in moving there like Bill Gates, before finishing their studies—to catch the dot.com fever.83 words
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530 2000-03-18 2 Conrad Raj - Breakdown could be over price; later deal not rilled out By Conrad Raj [SINGAPORE] A disappointed Cheong Choong Kong, Singapore Airlines' deputy chairman and chief executive, is said to be on the way home after his latest round of talks with530 words
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483 2000-03-18 2 Macabe Keliher - NTs3ob to NTs3sb pumped into the market: analysts From Macabe Keliher in Taipei TAIWAN stocks rose almost one per cent yesterday on heavy government buying in the last trading session before today's presidential elections. Analysts estimated that the government pumped NT$3O billion483 words
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901 2000-03-18 2 Anthony Rowley - Economists argue that official statistics are not giving a trne picture Promt Anthony Rowley in Tokyo JAPAN announced yesterday a review of the basis of compilation of some key economic statistics that should reveal whether or not the latest recession901 words
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Article, Illustration46 2000-03-18 2 [NEW DELHI] US President Bill Clinton is shown in an altered photograph showing him in traditional Indian clothing in front of the Taj Mahal on the cover of the Indian magazine Outlook. Mr Clinton will visit India from tomorrow to March 25. APAP - 46 words
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379 2000-03-18 2 Fred Grede will replace I vers Riley next month Bloomberg THE Chicago Board of Trade's No 2 executive is preparing to quit the biggest US futures exchange to become chief executive of the Hong Kong Futures Exchange, people familiar withBloomberg - 379 words
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Page 2 Advertisements
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Advertisement16 2000-03-18 2 FOOD/ ENTERTAINMENT The Straits Times Classified. Classifications 5 36. Icata] Buy it Sal It Find IL16 words
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SINGAPORE companies
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Article, Illustration496 2000-03-18 3 Marissa Chew - Exit from property business also brings in extraordinary earnings of $32m By\ Marissa Chew DELGRO Corporation, the parent of bus operator Singapore Bus Services, yesterday reported a massive 551 per cent jump in net earnings to $66.5 million last year from $10.2 million inFILE PHOTO - 496 words
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216 2000-03-18 3 ABOUT 70,000 Clob investors, or 40 per cent of the estimated 172,000 total, have accepted Effective Capital's scheme to release their frozen Malaysian shares. In response to press queries, the Singapore Exchange (SGX) said last night that most of the acceptances were received216 words
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349 2000-03-18 3 Teh Hooi Ling - By' Teh Hooi Ling TRADING company Intraco returned to the black with net earnings of $9.2 million for the year ended Dec 31, 1999, compared with a $13.7 miUion loss the previous year. Turnover declined 12.3 per cent to $519.6 miUion, mainly as a349 words
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COMPANY Briefs
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Article120 2000-03-18 3 hwa Hong Corp announced a 74 per cent surge in group net profit to $10.2 million last year. Turnover rose by 14.5 percent to $172 million. The company attributed the higher earnings to higher offshore dividend income, write-back of provisions for reduction in120 words
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Article87 2000-03-18 3 a 35 per cent drop in turnover, Pan-United managed to achieve an 8 per cent growth in group net earnings before minority interests to $11.5 million last year. Group turnover amounted to $196 million. The drop in turnover- was due mainly to weaker demand, lower selling87 words
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49 2000-03-18 3 uuvei iuts ito to a per cent drop in interim group net profit of Chosen Holdings to $2.88 million. Turnover dropped by 17 per cent to $44 million for the first six months ended Dec 31. Its directors expect a better second half.49 words
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78 2000-03-18 3 ni B" er vessel repair costs, depreciation expense and lower exchange and sundry income, Jaya Holdings suffered a 50 per cent drop in interim group net profit to $6.1 million. But turnover rose by 41 per cent to $38.8 million for the first six78 words
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Article, Illustration410 2000-03-18 4 Surge follows insurer's first analyst briefing in 92 years Bloomberg GREAT Eastern Holdings Ltd, one of South-east Asia's largest life insurers, yesterday saw its shares rise to their highest level in six months after the company gave the first analyst briefingBloomberg; FILE PHOTO - 410 words
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809 2000-03-18 4 catherine ong - rrrrar lock siew catherine ong PETER Seah was in his element on Wednesday, holding court before a group of journalists hoping to wind him up on the persistent rumour of a merger between Overseas Union Bank (OUB) and OCBC Bank.809 words
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189 2000-03-18 4 ROLY International said its B2C e-commerce venture has been selected as one of the top SO e-com sites in the US, alongside Amazon and eToys. The regional distributor of lifestyle products owns 33.2 per cent of the site iHomeDecor.com, which supplies home189 words
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Page 3 Advertisements
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Advertisement62 2000-03-18 3 II Presenting the H Wave® Radio/CD II The world's best-sounding radio now with aCD player. I I II f ave Radio, with its rich I and lifelike sound that you have come to expect, now comes with CD player. What remains unchanged is the revolutionary Ha e I I •>62 words
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Article4072 2000-03-18 4 Mat aw* m Dak TV LY TY LY riipn mm (No (»n) <*t») HW MMCiap r* 22 I 2JS9 2429 1.01 129 MWtbn I M3I 9.665 2.43 Ml ANA HIM Mr 03 P 0447 0207L L14 044. ASACaranSe Mar 06 P ***** n.03e S.IO r.80 ASJHMp4,072 words
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DOW watch
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518 2000-03-18 5 Andrew Marks - Investors aren't ready to leave their latest love but when the beat changes, look out From, Andrew Marks in New York THE latest swoon has some looking out for the bear, but most analysts say investors are not ready to end their518 words
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Article, Illustration715 2000-03-18 5 LATWP [NEW YORK] Can it last? Thursday's record-shattering surge in the Dow Jones Industrial Average has Wall Street abuzz over whether long-neglected "old-econo-my" stocks can mount sustained rallies. The early assessment: The Dow's 499-point, 4.9 per cent romp offers hopeLATWP; REUTERS - 715 words
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Article943 2000-03-18 5 From dots to bubbles...oO Reuters {LONDON] How many people would put their money In "a company for carrying on an undertaking of great advantage, but no one to know what it is"? In the 18th century, 1,000 shares were sold in just such a London venture, raising £2,000 for itsReuters - 943 words
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SINGAPORE markets
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Article479 2000-03-18 6 Stock* Volume NOL 15,295,000 CEI5C 13,744,000 IPCCorpn5c.. 9,338,000 CXJBDBeCW*****3 9,279,000 CityOev GS CW*****3 8,032,000 DBS Land 7,603,000 ST Engg 10c 7,356,000 SingTel 15c 6,485,000 Ionics P$1.00 6,278,000 GoJdtron20c 6,004,000 Stocks SIAT. 64,386,545 DBSGrp 63,004,517 OCBC 46,075,600 OUB 39,990,306 SPH 35,373.676 Nat Etec 10c 34,963,645 CHyOev 50c 33,037,786 PacificCentury 31,567,204 Chart479 words
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Article, Illustration591 2000-03-18 6 v. sreenivasan - I comment STOCKS v.sreenivasan THE Singapore stockmarket yesterday ended the week with a bang, mirroring a sharp overnight pick-up on Wall Street. Banks, conglomerates and property stocks, which had played second fiddle to stocks of Internet upstarts for the better part591 words
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Article274 2000-03-18 6 Ven Sreenivasan - WARRANT WATCH Byy Ven Sreenivasan THE covered warrants issued on banks were among the biggest percentage gainers yesterday, mirroring a leap by their underlying stocks. This, in turn, comes as investors show signs of switching back from tech stocks to undervalued plays in "old274 words
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Article, Illustration238 2000-03-18 6 Wong Wei Kong - HOTSTOCE By' Wong Wei Kong SHARES of Parkway Holdings ended yesterday as one of the session's biggest losers, with the stock falling after its results foiled to meet market expectations. Parkway shares fell 20 cents or 4.1 per cent to $4.68. The stock opened at238 words
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Article157 2000-03-18 6 ♦JURONG Cement has appointed Lena Tan Lei-Lyn as executive director of two subsidiaries, Jurong Cement Bulk Terminal and Jurong Cement Manufacturing, which constitute the group's cement division. Following her appointment, Ms Tan relinquished her position as an assistant managing director of Jurong Cement. PRESSCRETE Holdings will be going157 words
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Article, Illustration335 2000-03-18 6 larry wee - 11 comment CURRENCIES larry wee THE Dow's biggest one-day points gain in history on Thursday set regional stock markets on fire yesterday, but a host of weekend worries saw regional currencies beat a retreat against the greenback by the close of trading.Source: Reuters - 335 words
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Advertisement13 2000-03-18 6 Business £lciss? http://business-times.asial.com.sg Before you travel, make a note of our website address13 words
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Advertisement22 2000-03-18 6 Looking for a forum to talk stocks? Chatline is the place to be Find us at http //iol dbs com sg/. 88DRSBANK22 words
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SINGAPORE news
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597 2000-03-18 7 Audrey Tan - budget rremTa But both to be given more autonomy, flexibility, says education minister By Audrey Tan THE government has no plans to privatise the National University of Singapore (NUS) and the Nanyang Technological University (NTU), but it will give them more597 words
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Article, Illustration334 2000-03-18 7 Teh Hooi Ling - PEOPLE By Teh Hooi Ling THE head of Star Hub Internet, the Internet service provider (ISP) arm of Star Hub, has resigned from the company to set up his own dot-com company Tan Tong Hai, Star Hub Internet's general manager who introduced334 words
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427 2000-03-18 7 THANKS to their improving economies, office vacancies in the Asia Pacific headed south in the fourth quarter of last year and landlords are correspondingly less flexible in their negotiations, a report from Jones Lang LaSalle said. In its study of427 words
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220 2000-03-18 7 Ng Kar Fatt, Andy Singapore via Internet - MAIL I .TBI Ng Kar Fatt, Andy Singapore via Internet I AGREE wholeheartedly with Narayana Narayana's "Why so much fuss over use of CPF for education?" (BT, March 14). My mother, although poor and with less than primary education, invested her savings220 words
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Article170 2000-03-18 7 Tung Swee Law Singapore - Tung Swee Law Singapore THE Singapore Exchange is a meddling exchange. When the market was being manipulated by short-sellers and stock companies six to eight months ago, there was nothing the exchange could do. Now when stockbroking companies encourage retail investors to trade through them by170 words
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701 2000-03-18 7 Ven Sreenivasan - Good sales will sit well with new Rover owner: observers By' Ven Sreenivasan The Rover car distributor for Singapore is unlikely to be affected in the medium term by BMW's move to sell loss-in-curring Rover to a British venture capital firm. This appears701 words
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223 2000-03-18 7 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE Telecom will close all accounts of Iridium the bankrupt satellite phone service—on March 31. Sing Tel said it would waive the Iridium subscription fees for the entire month of March. Any outstanding balance will be refunded to the223 words
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252 2000-03-18 7 Bloomberg SINGAPORE Technologies Telemedia Pte, one of Singapore's biggest telecommunications companies, said it is forming a web and logistics centre in Indonesia with PT Astra Graphia, a diversified services unit of PT Astra International, the biggest carmaker in Indonesia. The venture will provide servicesBloomberg - 252 words
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NOTE Book
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113 2000-03-18 7 MOBIL and Esso petrol pump prices will go up from today. For Mobil, its revised pump prices (inclusive of duty) are 148.7 cents per litre (old price was 138.7 cents) for Synergy Nova; 136.9 cents (129.9 cents) for Synergy 98R, and 130.3 cents113 words
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Article88 2000-03-18 7 Reuters THE Petrochemical Corp of Singapore (PCS) said yesterday it has shut down its larger ethylene plant No. 2 for urgent repairs since March 15, due to technical problems. A company spokesman said the PCS II complex, with a 515,000 tonne-per-year capacity, would resumeReuters - 88 words
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Article37 2000-03-18 7 Corrections clarifications SINGAPORE'S catering trade sales in volume terms dipped 10.4 per cent in January from December, and not 3.6 per cent as reported in yesterday's Eye on the Economy column. We are sorry for the error.37 words
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e News
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871 2000-03-18 8 NEW YORK It highlights how money-losing Internet companies with sinking shares are finding it hard to raise crucial new capital Bloomberg DEAN Daniels, president of theglobe.com Inc, is headed for crunch time. His Internet company, which had a market value of US$62O million (Ssl.lBloomberg - 871 words
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Article, Illustration613 2000-03-18 8 NEW YORK Reuters GARRY Kasparov, the world No 1 chess player who was the game's first millionaire, has positioned his pieces for an e-commerce gambit starting an Internet chess company he hopes to make public within the year. At the heart ofReuters; FILE PHOTO - 613 words
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321 2000-03-18 8 ARMONK, New York Bloomberg INTERNATIONAL Business Machines Corp said it has discovered chemical reactions that may lead to the development of data-storage drives that hold 100 times more information than devices today. Researchers at IBM, the world's largest computer maker, foundBloomberg - 321 words
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Article381 2000-03-18 8 MENLO PARK, California Transfer of analysts in anticipation of more IPO deals there GOLDMAN Sachs Group Inc plans to transfer as many as 10 research analysts to its Silicon Valley office, expanding its crew of 14, in anticipation of more share sales by companies using381 words
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377 2000-03-18 8 NEW YORK Web marketplace to link all participants in supply chain Reuters FIFTY food, beverage and consumer product makers are planning an open, electronic marketplace to link all participants in the industry supply chain, the Grocery Manufacturers of America said on Thursday. TheReuters - 377 words
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252 2000-03-18 8 NEW YORK Reuters AMERICA Online Inc said yesterday it will buy out German media group Bertelsmann AG's 50 per cent stake in AOL Europe and AOL Australia in an option structured deal worth between U556.75 billion (5511.6 billion) and $8.25 billionReuters - 252 words
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E Briefs
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59 2000-03-18 8 Reuters [HONGKONG] Chinadotcom Corp yesterday said it had signed a memorandum of understanding with Softbank Investment Strategy to create a US$lOO million (Ssl7l million), 50-50 joint venture to provide business and technology consulting services. Softbank Investment Strategy is a subsidiary of Softbank Finance CorpReuters - 59 words
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72 2000-03-18 8 Reuters [MADRID] Spanish telecoms group Telefonica yesterday unveiled a 5.5 billion euro (519.1 billion), all-share bid for Europe's top independent television producer Endemol to become a leading media-Internet player. Telefonica said it would offer 5.58 shares for each one in Endemol of the Netherlands, aReuters - 72 words
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Article66 2000-03-18 8 AFP [ATLANTA, Georgia] US news television station CNN is set to launch an Internet news site in Japanese, CNN.co.jp, Scott Woelfel, the editor in chief of CNN Interactive, announced on Thursday. The new site, based on the model of CNN.com in English, will offerAFP - 66 words
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Article62 2000-03-18 8 AFP [HONGKONG] Sunevision Holdings, the e-business arm of one of Hongkong's top property companies Sun Hung Kai, closed its first day of trade yesterday at a premium of some 46 per cent to the offer price. Sunevision shares closed at HK115.10 compared to theirAFP - 62 words
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70 2000-03-18 8 Reuters [TOKYO] Japanese auto giant Toyota Motor Corp is not currently planning to publicly list its Internet business unit Gazoo, a company spokeswoman said yesterday. She was responding to a report in yesterday's edition of the Asian Wall Street Journal saying Toyota is consideringReuters - 70 words
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REGIONAL news
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531 2000-03-18 9 KUALA LUMPUR It is not prepared to allow Carnival to participate in the cross-selling of the Star, NCL brands Bloomberg Reuters MALAYSIA'S Star Cruises pic said yesterday it had ended its joint venture with US-based Carnival Corp toBloomberg; Reuters - 531 words
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443 2000-03-18 9 Reuters MALAYSIA'S Renong Bhd and New Straits Times Press Bhd (NSTP) might reap a 30 per cent premium over Commerce Asset-Holding Bhd's current share price if they jointly sell their Commerce stakes, analysts said yesterday. Renong, Malaysia's most indebted conglomerate, and NSTPReuters - 443 words
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MARKET moves
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110 2000-03-18 9 BANK shares gained as a rebound by US stocks eased concern about higher interest rates slowing down the world's biggest economy. A US slowdown could curb demand for Malaysian-made television sets, microwave ovens and other goods. Banks also gained on optimism that a faster110 words
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Article68 2000-03-18 9 TECHNOLOGY stocks and companies with Internet-related ventures rose as investors bet on their online businesses boosting earnings. Renong Bhd rose 4 sen, or 1.4 per cent, to RM2.93. On Wednesday, the country's biggest industrial group became the latest to unveil an Internet strategy, setting up68 words
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Article64 2000-03-18 9 Bloomberg DIJAYA Corp, which unveiled a plan to let people gamble over the Internet, rose 2 sen, or 0.6 per cent, to RM3.18. Digi Swisscom, which sold 3 per cent of its shares to Asia's biggest Internet investor Softbank Ltd, rose 5 sen, orBloomberg - 64 words
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Article, Illustration52 2000-03-18 9 [MANILA] Militant groups burning logos of oil firms in the Philippines—Petron, Shell and Caltex—during a demonstration in Makati's financial district yesterday. The groups denounced the latest oil price increase implemented by Petron, Shell, Caltex, which followed a series of oil price hikes in pastREUTERS - 52 words
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200 2000-03-18 9 KUALA LUMPUR Reuters PLANTATION firm Johore Tenggara Oil Palm Bhd is believed to be considering buying a significant stake in Malaysia's biggest fast-food franchise, KFC Holdings Bhd, The Sun reported yesterday. The newspaper quoted sources as saying the shares are likely to come fromReuters - 200 words
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509 2000-03-18 9 Meera Tharmaratnam - SCMP had said it would 'book' USslb of unrealised gain From Meera Tharmaratnam in Hongkong A MISLEADING report that Pacific Century CyberWorks may book US$l billion (Ssl.7 billion) profits in its results due Monday led to the company requesting a trading suspension to509 words
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472 2000-03-18 9 MANILA AP EAST Asia's recovering economies face a major challenge in resolving the high level of bad loans still held by their banks, the Asian Development Bank said yesterday. "The non-performing loans are staggering," it said in a reportAP - 472 words
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343 2000-03-18 9 SINGAPORE Business execs see higher sales, profits in Ql, according to D&B survey Bernama OPTIMISM over Malaysia's strengthening economy remains high as business executives expect higher sales and profits for the first quarter of the year, according to the latest Dun Bradstreet (D&B) countryBernama - 343 words
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Article, Illustration1164 2000-03-18 10 TAIWAN I. Mm TAIPEI Whatever the outcome, the victor is likely to face increased pressure from China Bloomberg THERE are plenty of reasons to buy shares in Acer Inc, United Microelectronics Corp and other Taiwanese companies. The outcome of this Saturday's presidential electionBloomberg - 1,164 words
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597 2000-03-18 10 TAIPEI Pro-independence candidate Chen Shni-bian could be hurt in today's polls AFP, Reuters TAIWAN presidential candidates and political analysts forecast widespread changing of allegiances yesterday as voters took stock of China's war threats in the dying hours before crucial polls. Candidates, desperatelyAFP,; Reuters - 597 words
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Page 9 Advertisements
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Advertisement11 2000-03-18 9 EDUCATION/ TRAINING The Straits Times Classified. Classifications 703-794. n«y sdi«. fw11 words
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Advertisement563 2000-03-18 9 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ANO IN THE MATTER OF PUNCAK INTERNATIONAL CONSULTANCY PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the Members of the563 words
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WORLD news
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Article, Illustration609 2000-03-18 10 TOKYO It hopes to attract half of the 240 IPOs expected this year Bloomberg NASDAQ Japan Planning Co said it's ready to take on the Tokyo Stock Exchange, gearing up to grab as much as half the city's trades andBloomberg - 609 words
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294 2000-03-18 10 SYDNEY Bloomberg TELSTRA Corp. Australia's No 1 phone company, will sell As 4 billion (554.2 billion) of bonds over the next two years to pay existing debt and help finance new acquisitions in Asian Internet and data communications companies. "We planBloomberg - 294 words
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200 2000-03-18 10 WASHINGTON NYT THE contentious five-month-long scramble to find a new leader for the International Monetary Fund came to a de facto conclusion on Thursday, as the Japanese and American rivals for the job formally withdrew their nominations and cleared the pathNYT - 200 words
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633 2000-03-18 11 NEW YORK Auction houses shared confidential lists of super-rich clients NYT SOTHEBY'S and Christie's, the world's two most powerful auction houses, swapped confidential lists of super-rich clients who were spared from paying fees charged to other sellers, people close to the companies and to aNYT - 633 words
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Article, Illustration494 2000-03-18 11 MUNICH Bloomberg FORD Motor Co agreed to buy Bayerische Motoren Werke AG's Land Rover sports-utili-ty unit for almost US$3 billion (Sss.l billion), bolstering its luxury line-up while relieving BMW of the last vestige of a costly six-year foray into UK car-making. TheBloomberg; AP - 494 words
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WORLD Watch
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Article102 2000-03-18 11 AP [BEVERLY HILLS, California] It's Hollywood's latest caper; Who took the Oscars? Nine days before the Academy Awards, police yesterday searched for the statuettes, which vanished from a trucking company. Spokesman John Pavlik said the Academy of Motion Picture Arts and Sciences said late on Thursday thatAP - 102 words
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89 2000-03-18 11 Reuters [nil w yukkj Deutsche Bank AG may be looking to buy a top US investment firm, said a source at Dresdner Bank AG, Business Week reported in its latest issue. Deutsche Bank is eyeing Merrill Lynch and Co Inc, Goldman Sachs Group Inc, MorganReuters - 89 words
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77 2000-03-18 11 Bloomberg [WASHINGTON] A House Banking subcommittee has approved a bill backed by the Clinton administration to require that hedge funds disclose financial information to regulators and the public. The measure approved by the Capital Markets Subcommittee would require hedge funds to report their financialBloomberg - 77 words
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78 2000-03-18 11 AFP [BONN] Germany's upper house of Parliament, the Bundesrat, yesterday approved the lifting of a four-year embargo on British beef. The ban was imposed in March 1996 to prevent the spread of the so-called mad cow disease. France and Germany were the only remainingAFP - 78 words
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484 2000-03-18 11 NEW YORK Q4 net loss of US$BOO,OOO comes as more new listings go to Nasdaq, expenditure goes np Bloomberg THE New York Stock Exchange (NYSE) said it had its first quarterly loss in almost a decade, as new listings on theBloomberg - 484 words
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320 2000-03-18 11 TOKYO JAPANESE electronics giant Sony Corp faced fresh embarrassment yesterday when its new, hugely hyped Play Station (PS2) game console revealed another flaw, sending its share price sliding. Sony's game making unit Sony Computer Entertainment (SCE) said it had found users of320 words
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553 2000-03-18 11 WASHINGTON New inflation gauge seen as better tool for Federal Reserve Bloomberg PRICES US consumers paid for goods and services in February posted the biggest gain in 10 months as the cost of home heating oUBloomberg - 553 words
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Page 10 Advertisements
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Advertisement35 2000-03-18 10 TODAY Lianhe Zaobao Landed properties in Singapore are mmf.ilniixiH iipil :ihi< I I ililfclP^) u ,n Jijwi 1.1 111 HOME NEEDS The Straits Times Classified. Classifications 90 120. [cIST Buy H. SeO h. Find It.35 words
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Advertisement14 2000-03-18 11 n4 HgUSE RENOVATION/ Home in on great refurbishing ideas here. Tht Straits Times Classified14 words
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FINANCE & commodities
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265 2000-03-18 12 Daphne Tay Jardine Fleming - SGX Derivatives Tradlngßeports MSCI Singapore Index Daphne Tay Jardine Fleming THE Singapore stockmarket staged a magnificent rally yesterday, spurred by Wall Street's mammoth overnight gains and amid rekindled interest in "old economy" stocks. Both the property and finance sectors chalked up impressive gains,265 words
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217 2000-03-18 12 Kelly Loh Refco Singapore - MSGI Taiwan fatares Kelly Loh Refco Singapore THE Taiwan Weighted Stock Index rose 80.51, or 0.9 per cent, to 8,763.27 a day before the presidential elections. Large capitalisation stocks, such as Taiwan Semiconductor, were boosted by buying from government pension funds in217 words
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Article208 2000-03-18 12 ENERGY REPORT Bloomberg [LONDON] Crude oil rose, after faUing in the last five trading sessions, on signs of dissent among top exporters ahead of a meeting by the Organisation of Petroleum Exporting Countries (Opec) to discuss output policy. Venezuela's energy and mines minister AllBloomberg - 208 words
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Article341 2000-03-18 12 Reuters London THE US dollar was clinging onto its broad-based gains early yesterday, with traders refraining from betting too hard on the greenback ahead of imminent US inflation data. Although the data was seen as the focal point of a quiet trading session, analysts doubted the inflation releaseReuters - 341 words
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Article, Illustration1255 2000-03-18 12 NTERBAMK CROSS RATES Marl? 55 Ellro rfr HK lnd 8s *"!><•» Yin Wow RM MZ$ Pit to Ptso $3 tod Sir WT$ Bafct Hm4 US$ gSf ino 0901 J-9J 2 J"! MS 2 £™S5! 6-840 2327 1253 ***** 25.072 1.0503.942 to* «.«»***** 0J» a«2 2* o m OIT7 «l»j i'S1,255 words
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Article1905 2000-03-18 12 S1C0M rUTPRBS Mar 17 RUS8CR (futures ctasM« UOpm) RSS 1 CONTRACTS cnts/kq) Close Volume Open Mutt High Low Soft (townes) interest AprOO iisjo My 00 117.50 Jw 00 120.50 600 MlStp 00 ***** 124.50 124.50 300 600 RSS 3 CONTRACT (US teeta/l?) VotaM Opto Mutt W» Low Sott (tows) Interest1,905 words
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STOCKS east asia
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Article, Illustration2851 2000-03-18 13 HONGKONG AFX-Asia PI Ham Seng +***** SHARE prices closed sharply higher, with the Hang Seng Index regaining the 17,000point level led by financials and properties after Wall Street's strong rally, dealers said. The Hang Seng Index closed up 723.99 points at 17,082.99 after trading inAFX-Asia - 2,851 words
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Article, Illustration1044 2000-03-18 13 AFX-Asia, Reuters QShenzhenßlndex +4£3 CHINA stock markets closed sharply lower yesterday on talk that the government had encouraged domestic funds to buy shares, which have suffered from tensions between Taiwan and China, brokers said. In Shenzhen, the hard currency B Index soared 6.36 per cent or 4.83 points toAFX-Asia,; Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 1,044 words
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Article339 2000-03-18 13 AFP rIWP Index +80.51 THE Taiwan stock market soared 0.9 per cent yesterday on strong government buying while foreign institutional investors and local retail investors took to the sidelines, dealers said. The Taiwan Stock Exchange Weighted Price Index yesterday rose 80.51 points to 8,763.27. The government yesterday closed theAFP - 339 words
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1974 2000-03-18 13 TOKYO AFP QNikkei 225 +313.09 SHARE prices in Tokyo closed 1.6 per cent higher yesterday, benefitting from record gains on Wall Street and a bullish report on Japan's economy, brokers said. The Tokyo Stock Exchange's Nikkei 225 Index gained 313.09 points to close atAFP - 1,974 words
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Advertisement61 2000-03-18 13 HOME IN ON HOB'S SECOND BOND ISSUE AND II I BUILD UP YOUR J I investment postfouo ißßiim 11^^ UnesUl ,n,twl I IPO. Shares. Bonds. Stocks. Annual Reports. j 11 I Whatever you're offering, we help you reach out I I 8 a<^U^S n< a }ore I Sm The Straits61 words
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STOCKS klse
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Article8285 2000-03-18 14 INDUSTRIALS Cmsmmt protect i 2000 Last Vei Day Hat Cap H>|ll Leer ClWMm M» '000 HI* Leer PH 420 310 AJmomoto 380 24 3 340 378 24.1 *4.0 158 91 Anqkasa 108 2 167 112 105 159.2 486 290 Apollo Food Hlg 486 32 222 486 456 n.6 194.4 29758,285 words
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Article, Illustration393 2000-03-18 14 AFP, AFX-Asia Q Composite Index +1429 MALAYSIAN shares ended 1.6 per cent higher yesterday due to late institutional buying support on the back of overnight gains on Wall Street, dealers said. The Kuala Lumpur Stock Exchange Composite Index closed up 14.29 points atAFP,; AFX-Asia - 393 words
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Advertisement11 2000-03-18 14 Photo essay a creative way to recruit the riqht talents. 18vw"74rlooj11 words
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SGX clob & regional stocks
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Article3054 2000-03-18 15 BOHPS A WARRANTS Mar 17 W Wt** PtmJ Upftry JL m *n l«tiiili A«f ImnJ Cot Car Hk iS C996I Lot »y«r Mr Mm Marts) Mk Mm <%» M|I UN '2i 'f 5 3160 Ac *r W*****1 US$ 44.5b! 111 i 156 68 2 67 16 80 16.5 S 31643,054 words
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Article, Illustration781 2000-03-18 15 AFP F1 SET Index +3JI THAI stocks rose one per cent yesterday, led by improved sentiment on global markets after the Dow Jones Industrial Average recorded its largest one-day gain in history, dealers said. Profits takers broke cover late in the session to bring the market down off itsAFP - 781 words
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Article292 2000-03-18 15 AFP n Composite Index +1&31 PHILIPPINE share prices rose one per cent yesterday due to bargain hunting and the upturn on Wall Street, analysts said. The Composite Index rose 16.31 points to close at 1,646.28 points. Volume turnover fell to 7.27 billion shares worth 1.85 billion pesos. —AFP >hrlTAFP - 292 words
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Article, Illustration645 2000-03-18 15 AFP rlCwnpostfl Index +3J6 JAKARTA share prices closed 0.7 per cent higher yesterday following Wall Street's gains despite selling pressure on second liners and profittaking in large-cap stocks, dealers said. The Jakarta Stock Exchange Composite Index closed up 3.96 points at 590.85 points, off a high of 5,98.41 andAFP - 645 words
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Article271 2000-03-18 15 QMBE-40 +3SJI AFTER the Dow posted its biggest ever one-day rise of nearly 500 points, the NZSE--40 Capital Index pushed 35.06 points or 1.8 per cent ahead to 1,999.31. At one stage, the index hit 2,014.92 yesterday. Turnover was worth NZ$lO3 million. Mgff rm> Advantage HOS 4.50 -0.15 69271 words
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Article575 2000-03-18 15 AFP HAHOrftmiM *233 AUSTRALIAN share prices jumped 0.7 per cent higher yesterday, boosted by strong gains in News Corp and Rio Tinto, brokers said. The All Ordinaries Index closed 23.2 points higher at 3,203.4. Turnover totalled 1.01 billion stocks worth NZ$l.B5 billion, with 826 advancers, 811 decliners and 483AFP - 575 words
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Article315 2000-03-18 15 AFP Q Composite Index +14-35 THE Composite Index closed up 14.35 points or 1.7 per cent at 855.57, off a high of 869.82 and a low of 850.04. Volume was 298 million shares, worth 3.2 trillion won. —AFP mnr *fAftem Semi ***** -700 Br«MT*dl 1700 -70 Central Bank 2620AFP - 315 words
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Advertisement15 2000-03-18 15 B U SIII6SS TOOIS Just imagine life without them. Buy k. Sal It. Find IL15 words
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Article8400 2000-03-18 16 SQXMAINBOARD Transaction date: Mar 17 Or Or M Wt Laat Val D«V iMtOMta Ot* M* VM Mat Cap Avg Mljfc 1— um Cw»n> »a*a rOOO) High laar Buyr SaBar Cw P/K M. Prtca MULTI-INDUSTRY 162 69.5 mc 1000 Acma 50c 134 *3 153 >33 131 133 134 108,400 words
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Advertisement70 2000-03-18 16 ««ri Ooa. ■r erewct* Cut N iKogn fcm««K *v Bw »o»* U KikftaM|iMa ■MM W mww (o< Mi h i ■i ficl Miwtof mawirif C*fMS CK V" 1 1 usms r r«n«h io4 tar Group 4 C« J5 \Mi JHOis m y WIMMMHiMr '»<* «f -JK it it right with70 words
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Page 17 Advertisements
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Advertisement260 2000-03-18 17 Where to wine, dine and entertain..."<o>fissSSr ■^.<1 Enjov our ever-popular Japanese favourites for luncn and in tne evening, tuck in to a wide selection of Japanese, Asian and Western dishes like Sashimi, Drunken Chicken and Roast Sirloin Beef. Japanese Buffet Lunch (14 Feb 12 Apr) $.22.50 (Adult), 40% discount (Child)260 words
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Advertisement86 2000-03-18 17 CELEBRATE THE LAST CENTURY] WITH DE GRAND I hippy Honrs 5. (H)pm to OOpm btvr mil;;: Sli SlUt» I >r.ilt Ikit |ht |ug bree Lit/tits depend on predictions. Advertise in Wine, Dine Entertain of The Business Times and reach out to 117,000 readers daily. Contact Patrick Ang 740 1284 or86 words
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Advertisement48 2000-03-18 17 HIGH TEA FAVOURITES I Enjoy local and Western favourites in a daily bigb-tea buffet at The Mezzanine Cafe Bar j 12pm to spm daily I Weekdays: $21.80+* k j Weekends: $22,804++ Reservations: 831-6286 L Mandarin ffi Sinqtworr SHSEI 333 Orchard Rotd.S<ngipore 2)8867 Tel: 737 4411 Fax 732 236148 words
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Page 17 Miscellaneous
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Miscellaneous1049 2000-03-18 17 Mm Central their lustful affair, but Palace. 830 Off The Beaten Track. oaa AM Ifi/Ic ppntrai q» disaster occurs when 5.30 Kingdom of Ginsen 0.00 One Hour News. fEV Roar's iSrhSLi Ben returns from a trip. (LastEp). 10.00 Headline News. i§J5 JVlftwN 830 The World Peter i?™ Jews S Tonight1,049 words
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Miscellaneous275 2000-03-18 17 C'KVPTIC CROSSWORD H I fIK H ui p i 1 25 I gjß26| I III! ACROSS 6 Heard a demand for applause (7) 7 Repay religioas training comple- 9 P® l spillage may spread tely (7) rapidly (11) 8 Part-of so many mamages? (7) 13 It headed oft critics of275 words
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The Arts
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Article, Illustration1563 2000-03-18 18 AARON LYE - Some theatre companies are enjoying a boom in funding as credit card companies jostle to sponsor big-ticket shows, reports aabomlto AARON LYE CREDIT card companies, long known for their keen competitiveness in terms of offering the best perks and gimmicks to their card members in1,563 words
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Article, Illustration122 2000-03-18 19 They've (banks) been pretty open. I think a lot of factors {day into what they decide to sponsor. They don't want to sell their clients bad shows. But basically, banks are beginning to see the arts as a viable option for them.' —Fiction Farm's Ng Chin122 words
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Article, Illustration692 2000-03-18 19 Felicia Yap - DANCE REVIEW SDTs The Red Shoes' was a triumph for the dancers and choreographer Miller-Ashmole By\ Felicia Yap THE Red Shoes was a celebration of youthful innocence, a tribute to the power of love and above all, a gloriously transcendental work of art. ThisARTHUR LEE - 692 words
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1006 2000-03-18 19 Felicia Yap - Recurring symbols in contemporary works help to cine in on artist's message By\ Felicia Yap WHY does Pablo Picasso use the bull or minotaur as a recurrent motif in his works? The answer is simple: he associated it with himself. Accompanying his father to1,006 words
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Article, Illustration1429 2000-03-18 20 M Yasotha - Compiled by 1 M Yasotha MUSIC 8tafapora Symphony OrchMtra Baroque Classics/Bach 250th Anniversary Commemoration To commemorate the 250th Anniversary of the death of JS Bach, the SSO will present the Brandenburg Concerto No 4, following last season's Third Brandenburg Concerto. Conductor Michael Charry, a Baroque specialist, will add1,429 words
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Article, Illustration145 2000-03-18 20 Felicia YAp - By Felicia YAp The Rnrrr The exquisite sounds of the tabla synchronised perfectly with iheghatam, kanjtra, pakhawqj and other percussion instruments will leave you completely bewitched. Plot and plajner* From Bombay to London, classical phenomenon Ustad Zakir Hussain draws sell-out crowds with his brilliant tabla dexterity mwi his ensemble145 words
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Article, Illustration747 2000-03-18 21 PARVATHI NAYAR - TELSTM »nßi.>n« mwnnw. While the celebrations continue for yet another day, parvathz nayar looks back fondly on her sojourn at the Austrahan city's salute to the arts PARVATHI NAYAR IF there's a dominant impression to be gained from the Adelaide Arts Festival, it's that of747 words
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Article, Illustration729 2000-03-18 21 Parvathi Nayar - THEATRE REVIEW But Fiction Farm's rendition of Harbor's 'Closer' needs more bite By] Parvathi Nayar MODELS going nude in public has shock value, but when it's done to promote anti-fur sentiments, it also has a point to it. Shock can be a way729 words
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Article, Illustration1119 2000-03-18 21 FESTIVAL REVIEWS ADELAIDE WRITERS' WEEK Writers from both hemispheres met to discuss ink on paper at the Adelaide Writers' Week, which closed this year's chapters last week. At the Pioneer Women's Memorial Gardens, in tents and under sunshine, the literary personae at the word-fest included such well-known names1,119 words
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Article, Illustration1289 2000-03-18 22 PARVATHI NAYAR - Writer Nicholas Jose is seeing his novel being used as a theme for a visual arts show, and is now looking forward to having the book made into a Hollywood movie. He shares his thoughts on the exhibition and his book with FARVATHX NAYAR PARVATHI NAYAR ACHRIS LOH - 1,289 words
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Page 18 Advertisements
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Advertisement133 2000-03-18 18 ~y° u appreciate the finer things S iov th cbc card* mMHB» jpFyM fjfi because it helps to support the local _M arts scene. Every time you use the card, 9SBS^^^^mKS^V^cm'' B we pledge a percentage of the amount 'w ■gppr 4 to help musicians, painters, actors hHk .J- E133 words
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Advertisement49 2000-03-18 19 The next talk in the series, "Who's Afraid Of Contemporary Art', is on installation art by SanjotKaur Sekhon. March 25 at 2pm This series is jointly organised by the Singapore Art Museum, the Department of Art Theory and Art History (LaSalle-SIA College of the Arts) and The Business Timer49 words
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Advertisement81 2000-03-18 20 The Sounds Of The BiiUennium, March 22, World Trade Centre auditorium, tickets at $50, 575 and *100 available firm •s static O The Average Size and Performance of a PruLink Fund. r m PruLink Singapore Managed Fund the largest unitised fund in Singapore. j> a fHfc JUit -V An unbeatable81 words
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Advertisement250 2000-03-18 22 mmmmm —Mil <»■■«« 'J IV 'w. Jf &su»' fr.i .1 WKmmilßvßßK&m&fc* Hj kf- M ySkz, sa*^i^SSH^iS^' ir 1 r M ~.J> m s Get moving to the Singapore Art Museum Exhibition Unmasking VoHard and transport yourself to Vollard's Paris and witness the birth Gte Jan AAorch 26 of avant-garde art250 words
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Advertisement25 2000-03-18 22 The Rose Crossing: Contemporary Art in Australia is on at Galleries 5-8, SAM, until April 2,9am-5.30pm. Closed on Mondays. Admission: adult S3, child/senior citizen $1.5025 words
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