The Business Times, 8 April 2000

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Microfilm: NL21790
Total Pages: 21
1 21 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 THE BUSINESS TIMES MTTA (P) 035/12/1999 85* SINGAPOR E Internet: iittp. t>us;ness-times.asial .com.sg SATURDAY. APRIL 8. 2000
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  • Article
    Lock icon MARKET SUMMARY
    62 1 □m 2JSLH (+35.00) n"« U 777.38 (+4.52) aisrar flwxsusir nances Fkkhgr Qmp KLfiBOOMP i<i NIKKEI 2*8181 +t»29 BANG SENG lM4L«__44it» SET INDEX 4M4I +112 JAKARTA COUP —***** 414 MANILA COUP _L7»«l__*** TAIPEI WPI SJ21.W 4&2S SEOUL OOMP 8S7J8 +UU OSA CHINA B ***** *72 AUST ALLOW) JJW1_+*J Noob
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  • Article
    Lock icon FINANCE
    71 1 FOBSBins US* SI U8» L71J £(08*8$ per 1 iff 17 li EUB0{II8S/8S/E) MM 1J43 DM 1M0 MM YEN IMJ im RM UN Mil HKS 7.787 MM baht nil mm MJPUH 7JM MB* PUKE BATES SINGAPORE* 580 KUALA LUMPUR 7.«7 JAKARTA »M BANGKOK 150 MANILA 11Q9 BONG KONG &M TAIPEI
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  • Article, Illustration
    Lock icon SPH to seek SGX listing for AsiaOne
    771 1  -  IPO expected this year; product range to be expanded; strong push into China planned By] Kenneth James [SINGAPORE] SPH Asia One, the fastgrowing Internet arm of Singapore Press Holdings (SPH), is gunning for a strong debut on Singapore Exchange's main board, with new
    771 words
  • Article, Illustration
    Lock icon Curtain falls on 'temperamental' Chinese Orchestra conductor
    589 1  -  Friction with board and mnritians cited by sources By, Jaime Ee [SINGAPORE] After three years at the helm of the Singapore Chinese Orchestra, music director Hu Bing Xu has returned to China as his contract has not been renewed. The departure of 61-year-old
    FILE PHOTO  -  589 words
  • Article, Illustration
    Lock icon SingTel to buy 14.5% of Time Engg for RM649m
    727 1  -  Its unit will also bny 20% of Time dot Com, Time Internet By' Teh Hooi Ling, Eddie Toh in Kuala Lumpur SINGAPORE Telecom yesterday said it has signed a nonbinding agreement to take a 14.5 per cent stake in Malaysia's Time
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  • Article, Illustration
    Lock icon Have flute will travel
    870 1  -  Singapore-born artist Ghoo Boon Cheng is back to enthral concert goers tomorrow night By] Felicia Yap [SINGAPORE] At first glance, Choo Boon Chong strikes you as an earnest, bespectacled teacher sort, emphatically waving a piece of chalk in front of a classroom of pupils. But as
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  • Article, Illustration
    Lock icon Liu Thai Iter's daughter plays her own tune
    622 1  -  By\ Koh Hui Ting [SINGAPORE] As a musician, Eszter Mikes-Liu has no real connection to Singapore other than being born here. But does being the daughter of National Arts Council chairman Liu Thai Ker put a certain amount of pressure on her
    CHRIS LOH  -  622 words
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    • Article, Illustration
      Lock icon Venture capital base crosses $10b; govt confident of hitting targets
      613 2  -  Of $10.2b managed in S'pore in '99, $&3b has been in vested worldwide: survey By Jennifer Lien [SINGAPORE] Singapore's total venture capital base swelled 16 per cent to $10.2 billion in 1999, according to a government survey report released yesterday.
      Source: EDB, NSTB  -  613 words
    • Article, Illustration
      Lock icon SingTel deal triggers tumble in Telekom shares
      353 2 Investors fear its earnings may be hurt by stiffer competition Bloomberg Reuters, [KUALA LUMPUR] Shares of statecontrolled Telekom Malaysia Bhd fell sharply yesterday on concern that a deal between one of its local rivals and Singapore Telecommunications Ltd (Sing Tel) could hurt the
      Bloomberg; Reuters,; Source: Bloomberg  -  353 words
    • Article
      Lock icon StarHub extends 50% IDD 008 offer till May 14
      232 2 [SINGAPORE] Star Hub, Singapore's new info-communi-cations player, yesterday said it is extending its special 50 per cent savings offer on its International Direct Dialling 008 service until May 14 two weeks longer than originally planned. Peter Kaliaropoulos, StarHub's senior vice-president for
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    • ON THE grapevine
      • Article
        Lock icon You say voila, I say Wah Lah
        95 2 AT Thursday's launch of Asia Pathways, a "hybrid incubator" for business startups founded and run by a group of former expatriates, we came across its wholly-owned marketing subsidiary with the rather curious name of Wah Lah. We've been told that it's supposed to
        95 words
      • Article
        Lock icon ST Kinetics seeking partner?
        182 2 ASKED about persistent talk of Opel agent ST Kinetics wanting to get out of the business, a top executive repeated an oft-quoted response: "We'll sell if the price is right". Having said that which incidentally was a favourite line with Comfort just before it got out
        182 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon SPH interim up 44% on strong ad revenue
      457 3  -  $20L6m profit beats analysts' calls, ad revenue seen growing further By) Eugene Low BOOSTED by a significant improvement in advertisement revenue, Singapore Press Holdings' net profit jumped 44.3 per cent to $201.6 million for the six months to February, with earnings per
      WONG KWAI CHOW/ST  -  457 words
    • Article
      Lock icon CSM turns in 1st-qtr earnings of US$37.8m
      298 3  -  By] Marissa Chew CHARTERED Semiconductor Manufacturing made a net profit of US$37.B million (5564.2 million) for the first quarter ended March 31. compared with a loss of U5534.9 million a year ago, the company said yesterday. News of the turnaround sent CSM's share
      298 words
    • Article, Illustration
      Lock icon SIA shares hit 8-month low in intra-day trading
      304 3  -  By Ven Sreenivasan THE stock of Singapore Airlines dived to an eight-month low at $14.50 in intra-day trading even as the company bought back another 644,000 shares at $15.00 yesterday. The stock started trading on a weak note, falling 80 cents to
      Source: Bloomberg  -  304 words
    • Article, Illustration
      Lock icon SIA joins Star, Thai Airways stays on
      934 3  -  Thai Airways president denies his airline is set to poll ont of alliance By Donald Urquhart [SINGAPORE] Singapore Airlines (SIA) became the 11th and newest Star Alliance member yesterday without the expected pullout of Thai Airways International. Although it was supposed to be
      RANDY QUAN/ST  -  934 words
    • Article
      Lock icon SIA share buy-back poorly executed
      654 3  -  TOK4 lock siew r sivanithy TIHE best-intentioned plans (can backfire if poorly executed. Singapore Airlines shareholders suffered the consequences of such a mis-match of intention and action on Thursday when the airline's share price fell below $15.90 for the first time in six months dealing
      654 words
    • Article
      Lock icon Trading activity on SGX hits 5-month low in March
      548 5  -  Shorter settlement, Nasdaq turbulence among reasons cited By Ven Sreenivasan TRADING activity on the Singapore Exchange (SGX) in March fell to its lowest level in five months as a result of caution during the corporate reporting season, turbulence on Nasdaq and
      548 words
    • Article, Illustration
      Lock icon Parkway launches IPO for lab services company
      361 5  -  By\ Lee Han Shih PARKWAY Holdings yesterday launched the initial public offering of Parkway Laboratory Services, the second of its medical subsidiaries to be listed, hoping to raise $12 million to expand PLS into a regional company. PLS is the best private medical
      FILE PHOTO  -  361 words
    • Article
      Lock icon EasyScreen to market futures trading system in Asia
      310 5  -  By Ling Su Ann [SINGAPORE] UK-listed Easy creen, which designs and markets software for trading on electronic derivatives exchanges, yesterday said it will offer its services in Asia. The software provider is poised to target Simex in Singapore, when the futures exchange
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      Lock icon Page 3 Advertisements Column 1
      58 3 LION CITY HOTEL Comfort Convenience Affordable M day rate Day use rate 12pm-7pm Night imc rate 7pm-3mn 'Subject to 10% service ckmrge. Government Tax inclusive of GST. ♦SminsmAtoMSUm 15 nmdrin to Omr Airport lOnmJmkOD, WortiTradeC*n, Smtx City, OnM toad md Singapore Expo Cmknmfodtm Ar*MMVM««wCAU744 6111 15, Tonjong Kotong Rood, Singopor*
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Quality hunt, short-covering give market another push
      547 4  -  l-l t comment STOCKS r.sivanithy ONCE again, it was only quality blue chips that the market targeted yesterday following a relatively sedate but firm overnight session on Wall Street. It was the second straight day in which the Straits Times Index rose thanks
      547 words
    • Article, Illustration
      Lock icon RF's Pacific Century wrts – valuation on high side
      199 4  - RF's Pacific Century wrts valuation on high side WARRANT WATCH By\ R Sivanithy HOT on the heels of Merrill Lynch's failed covered warrant on Pacific Century Regional Developments featured last Saturday, we now have another issued by Robert Fleming (RF). Like Merrill's warrant, a big question mark can be placed
      199 words
    • Article, Illustration
      Lock icon DBS Land unlikely to continue surge
      242 4  -  HOT STOCK Byi Wang Wei Kong SHARES of property developer DBS Land gained sharply yesterday, but the technical indicators are not supportive of a continued surge. DBS shares closed up 11 cents or 5 per cent at $2.33. The stock opened at $2.25 and
      242 words
    • Article
      Lock icon Market Notices
      160 4 L M Group has appointed Edward Seky Soeryadjaya, 52, as its chief executive officer. The group also appointed lawyer Ng Soon Kai, a partner in the firm Ng Chong Hue, as non-executive director. FIRST Engineering will be holding its EGM on May 8 at 9 am, at 26
      160 words
    • Article, Illustration
      Lock icon A$ hits 18-month low vs US$, rupiah stages recovery
      362 4  -  1-i i comment CURRENCIES larry wee THE Australian dollar bore the brunt of selling pressure yesterday, while the Indonesian rupiah recovered handsomely ahead of a key IMF deadline this weekend. With US stocks back on a more even keel ahead of
      Source: Reuters  -  362 words
    • Article
      Lock icon Untitled
      469 4 9loctta Votuma LafaTach US4c 75,879,000 Jurong Tach 10c 54,668,000 BriariayNZIOc 13,838,000 ChuanHup20c 12,007,000 NOL 11,753,000 StngTa<15c 11,668,000 DBS Land 8,434.000 Faatach US10C 8,074.000 MadtaWng 10c 7,653,000 QES Ml Ltd 20c 6,674,000 Stocfci PadflcCantury 94,701,828 SIA 70,801,190 OBSQrp 51.188,379 Chart 8«rrtConductor 26c 49,181,009 SPH 46,008,456 LjrtaTach US4c 34,591,445 SlngTal15c 28^94.311 STAssembly
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  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      926 4 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 SING INVESTMENTS FINANCE LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT Pursuant to Article 5(1)(a) of the Articles of Association of the Company, it is hereby announced that the Status Declarations received by the Company as at the end
      926 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      29 4 Classified First. Looking for a holiday destination? Or simply getting away from it all? Top of your itinerary: Check The Straits Times Classified First. Buy It Sdilt Ftad It
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      Lock icon Page 4 Advertisements Column 3
      21 4 Looking for a forum to talk stocks? Chatline is the place to be Find us at httpv/iol dbs com sg/ BDBSBANK
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  • Article
    Lock icon BT SHARE information service
    2940 5 MM Mr* m NaM OMs Mart* I 0290L ***** <X4C 11 Oata TY LY TV LT HMMLH Mar 22 P 7MH 34.933 204 130 cmvmv im mm (Ms Mil mm iMMrtmii Marti vmm. *mm 01 r mnimf Mars© 9 *mi im 143 on k ummm m»,p*jro
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  • SINGAPORE news
    • Article
      Lock icon Home-buyers applying to use CPF up 77% in '99
      486 6  -  Figure jumps from 11,336 to 20,009, reflecting property market recovery By Marissa Chew REFLECTING the recovery of the residential property market, the number of buyers applying to use Central Provident Fund money to buy private homes rose by 77 per cent
      486 words
    • Article
      Lock icon Employers' CPF default rate down
      317 6  -  By Marissa Chew THE proportion of employers defaulting on their Central Provident Fund payments continued to fall in the fourth quarter, reflecting the improved liquidity among companies. The CPF default rate among employers came to 0.66 per cent in the fourth quarter. This is almost
      317 words
    • Article
      Lock icon Sogo to stay put in S'pore, but may undergo restructuring
      327 6 SOGO Singapore yesterday said it will continue to operate in Singapore although it may undergo some restructuring. The statement came a day after its Japanese parent said it will cease virtually all overseas operations after asking creditors to waive 639
      327 words
    • Article
      Lock icon Movenpick to focus on local market
      256 6 PREMIUM ice-cream supplier Movenpick Foods Asia Pacific hopes to double its annual sales here with the setting up of a new Singapore office to focus solely on the local market. Movenpick Sales will handle the marketing and distribution for Movenpick's Swiss premium ice-cream and
      256 words
    • Article, Illustration
      Lock icon Chan Kin Fai quits DBS Land for Henderson
      452 6  -  He now heads a Keppel-Ampam fond management venture Hy\ Kalpana Rashiwala DBS Land assistant general manager (property fund and investment) Chan Kin Fai is leaving the group to head a property fund management joint venture between Keppel Land and AMP Asset Management
      SIEW YAW HOONG  -  452 words
    • Article
      Lock icon NTUC will be a catalyst for continuing education
      439 6  -  Economic crisis underlines need for pro-active trade anions, says Boon Heng By, Audrey Tan THE economic downturn in the last two years has demonstrated clearly the need for constructive and pro-ac-tive trade unions, said Lim Boon Heng, secretary-general of the National Trades
      439 words
    • Article
      Lock icon Why CPF limits use of savings for education
      308 6  -  MAILISTTEI Tan-Huang Shuo Mei (Mrs) Assistant General Manager Customer Service Department Central Provident Fund Board WE refer to the letter "CPF can appoint experts to assess study courses" by Andy Ng Kar Fatt (BT, March 30). Mr Ng suggested that since the
      308 words
    • Article
      Lock icon SingPost versus Comfort Courier
      196 6  -  Janine Mathieu Corporate Communications Manager Singapore Post PLEASE refer to the report "Comfort out to carve a niche in local courier market" published yesterday. We would like to clarify that Sing Post's Speedpost Islandwide service also offers rates starting from $5 and not $8 as reported.
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    • Article
      Lock icon Review of phone rates a late afterthought?
      515 6  -  Narayana Narayana Singapore IT seems a little odd that you should be quoting an AFX-Asia report to clarify SingTel's stance, but that need not stifle my comments on what you have published. "Constantly reviewing our rates to make them more competitive" seems to
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  • e News
    • Article, Illustration
      Lock icon Net stars Softbank and Tsushin losing lustre
      585 7 TOKYO Peer earnings outlook making investors vote with their feet AFP. Bloomberg THE shine on Japan's two Internet stars was fast disappearing yesterday as investors punished Softbank Corp and Hikari Tsushin Inc after they revealed a dismal earnings outlook. A warning last week
      AFP.; Bloomberg; Source: Bloomberg  -  585 words
    • e Briefs
      • Article
        Lock icon Hutchison, Vanda in Net venture
        132 7 AFX-Asia {HONGKONG} Hutchison Whampoa and Vanda Systems are in the process of forming a 50:50 joint venture to develop an Intarnat payment gateway, the South China Morning Post reported, quoting unidentified sources. "The venture will complement rather than compete with ißusinees Corp in which Hutchison
        AFX-Asia  -  132 words
      • Article
        Lock icon Cellphones exceed fixed-lines in Japan
        125 7 AP {TOKYO} The number of mobile phone subscribers in Japan has exceeded that of conventional fixed-line telephones for the first time, the government said yesterday. The Posts and Telecommunications Ministry said the number of subscriptions for mobile phones— cellular phonee and so-called personal handy-phones— torn
        AP  -  125 words
      • Article
        Lock icon BMD to offer downloadable music
        164 7 Bloomberg [NIW YORK] BMG Entertainment, the music and entertainment division of German media company Bertelsmann, said it will seU music for download over the Intern* beginning in June. BMG, which owns more than 200 record labels in 53 countries, will use software from Microsoft Corp,
        Bloomberg  -  164 words
      • Article
        Lock icon Voice-activated PC on GM cars
        114 7 Bloomberg [DETROIT] General Motors Corp, the world's largest automaker, said it will offer voice-activated personal computers with Internet access as options in two models (rf2ool Cadillacs GM will offer ft-matl, navigating, CD-ROM and an infra-red port in its Seville and De Ville sedans. An audio
        Bloomberg  -  114 words
      • Article
        Lock icon BPL,AFX team up for India news portal
        176 7 AFP [BOMBAY] BPL Innovision Pte Ltd, technology arm of BPL Ltd, and AFX News Ltd, a subsidiary of Agence France-Presse, on Thursday announced a Joint venture tc produce a real-time financial news service and Internet portal fbcussed on India's markets, companies and economy.
        AFP  -  176 words
      • Article
        Lock icon US House move to ban online gambling
        129 7 Bloomberg (WASHINGTON] A US House committee approved a bill on Wednesday that would outlaw Internet casinos and most other forms of online gambling. The Judiciary Committee voted 21-8 to send the legislation to the fUll House. The measure would make most online betting
        Bloomberg  -  129 words
    • Article, Illustration
      Lock icon A head for computers
      49 7 [LOS ANGELES] A woman with a computer monitor over her head handing out literature promoting Unisys Corporation's e-commerce solutions on the trade show floor of Spring Internet World on Wednesday in Los Angeles. Overso,ooopeople are attending the show devoted to Internet software and applications. REUTERS
      REUTERS  -  49 words
    • Article
      Lock icon Asahi to set up Japan's 1st online insurer
      349 7 TOKYO Reuters, Bloomberg MAJOR Japanese life insurer Asahi Mutual Life Co said yesterday it will set up Japan's first online insurance sales company, a move likely to be followed by rivals. The joint venture will start operating as early as January 2001
      Reuters,; Bloomberg  -  349 words
    • Article
      Lock icon Fujitsu develops high-density hard disks
      361 7 TOKYO Its 56 gigabits data per sq inch beats Hitachi technology Bloomberg FUJITSU, Japan's second largest personal computer maker, said it has developed the technology to allow hard disks to store 56 gigabits of data per square inch, edging out rival Hitachi. Hard disk makers
      Bloomberg  -  361 words
    • Article
      Lock icon Yahoo down 7% as earnings miss forecasts
      428 7 SANTA CLARA, California Bat expectations were too high' for usually weak Q1 Bloomberg SHARES of Yahoo! Inc, the top Internet-navigation company, fell 7 per cent after the company's first-quarter earnings failed to match the most optimistic estimates. In trading on the Nasdaq Stock
      Bloomberg  -  428 words
    • Article
      Lock icon QXL.com takes US-style Internet stock leap
      476 7 NEW YORK Reuters SHARES in British online auctioneer QXL.com pic rose more than six-fold on Thursday after a financial analyst set an eye-catching target of US$l,OOO (551,720) on the stock, in a taste of the meteoric Internet share volatility once confined to US markets.
      Reuters  -  476 words
    • Article
      Lock icon Venture capitalists facing talent shortage
      236 7 SAN FRANCISCO Bloomberg VENTURE capitalists, flush with cash from the Internet boom, say they are facing the same problem as companies losing executives to dot-coms: a shortage of talent. Kleiner Perkins Caufield Byers partner John Doerr said that there was a shortage of "great teams
      Bloomberg  -  236 words
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  • REGIONAL news
    • Article
      Lock icon Indonesia meets most IMF deadlines to get aid
      571 8 JAKARTA But Jakarta accuses Fond, World Bank of interfering too mnck in its affairs Reuters, Bloomberg WITH just a day to spare, Indonesia has met most of the deadlines IMF set for the country to win further international aid while accusing the
      Reuters,; Bloomberg  -  571 words
    • Article, Illustration
      Lock icon Indonesians denounce communism
      68 8 [JAKARTA] Female Indonesian Muslim protesters shout slogans as they take part in a protest against communism in Jakarta yesterday. More than 10,000 protesters took to the streets to denounce government plans to lift a decades-old ban on communism. Indonesia's communist party was once the world's third largest
      REUTERS  -  68 words
    • Article
      Lock icon Virtual banks carry liquidity risks: HKMA
      221 8 HONGKONG Bloomberg HONGKONG'S top banking regulator said "virtual banks" carry serious liquidity risks and could be more susceptible to panic withdrawals, though it conceded it's "inevitable and necessary" that banks go online. The Internet may heighten risks inherent in conventional banking, including liquidity risk
      Bloomberg  -  221 words
    • Article
      Lock icon KL industrial output up 23% in Feb
      459 8 KUALA LUMPUR Increase is second-fastest in six years, behind a revised 25% in Jan Bloomberg MALAYSIA'S industrial output in February has risen by the second-fastest rate in at least six years as rising demand for electronics goods benefits makers such as Unisem Bhd.
      Bloomberg  -  459 words
    • MARKET moves
      • Article
        Lock icon TRI surprises
        96 8 WHILE investors dumped shares of Telekom Malaysia, which tumbled 90 sen to 14.50 Malaysian ringgit, some of them surprisingly chased up the share price of Technology Resources Industries to RM5.90, up 35 sen. TRI is the second largest cellular operator in the country after Telekom. An analyst reckoned
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      • Article
        Lock icon Bumpy road
        65 8  -  Compiled by Eddie Toh EDARAN Otomobil Nasional, the distributor of some national cars, shed 70 sen to RM 12.90 on worries over the delay of the sale to Proton, the maker of the national cars. Some investors are concerned that Proton may set up its car distributorship instead
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    • Article
      Lock icon Indian govt reverses stand on Mauritius tax issue
      464 9 NEW DELHI Investments routed through the island will not be liable to Indian capital gains tax Reuters INDIA moved to repair damage done to its image with foreign investors on Thursday by making investments routed through Mauritius not liable to local capital
      Reuters  -  464 words
    • Article
      Lock icon PetroChina shares fall 4.7% in first day of HK trading
      413 9 Bloomberg [HONGKONG] China's biggest oil company, PetroChina Co, fell 4.7 per cent in its first day of Hongkong trade as investors stayed away from industrial companies' stocks, raising a red flag for the planned share sales by two other major
      Bloomberg  -  413 words
    • Article
      Lock icon Metrobank is tops again following Solidbank purchase
      335 9  -  From* Al Labita in Manila METROBANK, the listed flagship of ethnic Chinese taipan George Ty, has regained its position as the biggest commercial bank in the Philippines following an agreement yesterday to substantially increase its stake in a mediumsized bank. Under the agreement,
      335 words
    • Article
      Lock icon White House braces itself for anti-China protests
      587 9  -  10,000 unionists to join demonstrations next week From. Leon Hadar in Washington OPPONENTS of globalisation, led by American labour unions, environmentalist groups, human rights activists, and even a large contingent of political anarchists, are about to open a major public campaign against the
      587 words
    • Article, Illustration
      Lock icon Ex-HK banker Launder jailed for 5 years in Carrian case
      316 9 AFP [HONGKONG] Former Hongkong banker Ewan Quayle Launder was yesterday jailed for five years for taking HK$4.5 million (*****,000) bribe, bringing an end to the 20-year Carrian group saga. Judge Gareth Lugar-Maw-son described the case as "one of the worst
      AFP; FILE PHOTO  -  316 words
    • Article, Illustration
      Lock icon Keating: story of one man's triumph
      1080 9  -  WRITER'S ffyTTTTTTTI karim raslan The writer is a Kuala Lumpur-based lawyer and writer THE first thing I did when former premier Paul Heating's book, Engagement: Australia Faces the Asia-Pacific, landed on my desk was to groan. It was hard to imagine anything more tiresome
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      543 8 TOM.COM LIMITED, an associate of Hutchison Whampoa Limited, is launching a V muftWingual mega-portal with an aim to "Bring China to the world and the wortd to China" A torn Senior Project Manager Senior Manager/Manager International Operations Responsibilities: Responsibilities: Manage Hong Kong and PRC investments and operations Responsible for development
      543 words
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  • WORLD news
    • Article
      Lock icon Giant European broadcaster born
      587 10 LONDON Bertelsmann and Andiofina merge with Pearson te get TV programmes BERTELSMANN and Audiofina, which jointly own Europe's biggest broadcaster, have agreed to merge with Pearson's television unit to gain programmes such as The Price Is Right and Baywatch. The new European broadcasting powerhouse could be
      587 words
    • Article, Illustration
      Lock icon Fahrholz given job of rebuilding Dresdner
      523 10 FRANKFURT Bloomberg DRESDNER Bank AG, battered by the failure of the company's sale to Deutsche Bank AG, turned to Bernd Fahrholz as new chief executive, appointing another German commercial banker to replace Bernhard Walter. Mr Fahrholz, 52, will take over next month after Mr
      Bloomberg; AFP  -  523 words
    • Article
      Lock icon Scrap US bourses' link system
      388 10 NEW YORK NYSE panel also urges brokers to nse their firms' own tech Bloomberg A NEW York Stock Exchange panel said a 22-year-old electronic system linking US stock markets is outdated and should be scrapped, recommending brokers use their firms' own technology to send orders
      Bloomberg  -  388 words
    • Article, Illustration
      Lock icon Mori's debut lacks substance
      439 10 TOKYO Reuters JAPANESE Prime Minister Yoshiro Mori made his policy debut yesterday with a speech long on slogans, short on content and unlikely to stem speculation of an early poll to let voters give their verdict on the new leader. Pledging in parliament to win trust
      Reuters; AFP  -  439 words
    • WORLD Watch
      • Article
        Lock icon Global chip sales up 33% in Feb
        75 10 Reuters [SAN JOSE, California] Worldwide of semiconductors rose 33.4 per cent in February to U5514.56 billion (5524.9 billion) from U5510.92 billion in February 1999, the Semiconductor Industry Association said. "The year-to-year growth of semiconductor indicates a strong 2000 for the chip industry," its
        Reuters  -  75 words
      • Article
        Lock icon Clinton may be briefed on Microsoft
        61 10 LATWP [WASHINGTON] The White House might ask to be briefed by the Justice Department about the penalties it will seek against Microsoft Corp for violating antitrust laws, a spokesman said on Thursday. "We have not been involved in this, but we have not ruled
        LATWP  -  61 words
      • Article
        Lock icon Japan weighting exceeds US in index
        68 10 Reuters [TOKYO] Japan's weighting in Salomon Smith Barney's world government bond index (WGBI) for April exceeded that of the US for the first time since the index was launched in 1985, Salomon Smith Barney said yesterday. Japan's weighting in Salomon's WGBI, a benchmark for
        Reuters  -  68 words
      • Article
        Lock icon Hitachi unit to cut 600 jobs
        71 10 Bloomberg [SANTA CLARA, California] Hitachi Ltd said its data systems unit will cut 800 to 660 jobs, or 24 per cent of its workforce, as it splits into two companies as part of a restructuring plan, chief operating officer Dave Roberson said. Under the
        Bloomberg  -  71 words
    • Article
      Lock icon US economy creates more jobs than expected
      388 10 WASHINGTON Bnt March jobless rate holds steady at 4J per cent Bloomberg, Reuters THE US economy added more jobs than expected in March as businesses and the government stepped up hiring, while the unemployment rate held at 4.1 per cent, the government reported
      Bloomberg,; Reuters  -  388 words
    • Article
      Lock icon Juniors at Salomon win more benefits
      284 10 NEW YORK Bloomberg SALOMON Smith Barney has caved in to junior analysts' grievances allowing casual dress, issuing them laptop computers and even considering a concierge service to keep staff from fleeing to competitors. The lowest-ranking professionals in the Citigroup Inc unit's invest-ment-banking group submitted
      Bloomberg  -  284 words
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      1137 11 ANNOUNCEMENT UNAUDITED RESULTS FOR THE HALF YEAR FEBRUARY 29, 2000 The Directors have pleasure in announcing the unaudited results for the first half year ended February 29, 2000 iTETSSSS 6. MJdAIJjKiWIfIAIJAFiWMJI GROUP COMPANY GROUP 2000 tm Chang* 2000 1999 Chang* Turnover PwftOtfowlta $000 $'000 $'000 $'000 2000 1999 2000 1999
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  • FINANCE & commodities
    • Article
      Lock icon Futures up, with small discount to cash
      258 12  -  SGX Derivatives TrsMn&Iieports MSCTSInqiporelmta Daphne Tay Jardine Fleming THE Singapore stockmarket continued to surge yesterday on foUow-through buying in index-linked blue chips. Singapore Telecommunications rose 4.26 per cent amid active trade following news of its purchases in Time Engineering Bhd and two of
      258 words
    • Article
      Lock icon Futures inch up, but on lower volume
      192 12  -  MSCX Taiwan fatnres Seow Hock Hin Refco Singapore SGX MSCI Taiwan Index futures for AprU delivery yesterday edged up slightly by 0.3 of a point or 0.07 per cent to 431.70 whUe the underlying MSCI Taiwan cash index lost 3.58 points or 0.84
      192 words
    • Article
      Lock icon Oil down on extra supplies
      213 12 EMERGY REPORT Reuters [LONDON] World oil prices drifted lower yesterday, as extra crude supplies and growing US fuel stockpiles continued to weigh on sentiment. North Sea benchmark Brent blend crude futures were down 30 US cents at U5523.15 per barrel on London's International Petroleum Exchange.
      Reuters  -  213 words
    • Article
      Lock icon CURRENCY REPORT
      345 12 Reuters London THE US dollar clawed back ground against the Swiss franc and the yen and held its own against the euro early yesterday, ahead of US employment data which is expected to have only a muted impact. Key US jobs data for March were due at 1230
      Reuters  -  345 words
    • Article, Illustration
      Lock icon Untitled
      1222 12 IMTERBAMK CROSS 1ATB8 Apr7 AS CS «■> Euro Ffr Dm HKS tad »i y«i m IX »«hth Nm SS tmi Sir WT| 8*t P*mt «S$ Australia 0.869 4.963 0.624 4.091 1.220 4.656 26.079 45.769 0.627 6.620 2.272 1.202 30.996 ***** 1024 3.931 0.971 «212 ***** 0377 0398 C«ada U51 5.715
      1,222 words
    • Article
      Lock icon Untitled
      1748 12 S1COM FUTURES Apr 7 RU88CR (futures d«ta|M at 5J0pa) RSS 1 CONTRACTS CMto/kq) CtOM VolMM Opm Wowtt HjqO Low Sott (tooMS) lotarost May 00 122.25 Jon 00 125.00 125.00 125JX) 50 600 Jul 00 127.00 200 AaqOO 129.00 200 RSS 3 CONTRACT (US «•*/*> VolMM OpM II. ,*L IH-L I
      1,748 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon HK up on technical rebound, Wall St surge
      2831 13 AFP, AFX-Asia PjHingSaig +***** HONGKONG share prices rose 2.7 per cent yesterday on a technical rebound in hightech stocks and following overnight gains on Wall Street, dealers said. "The strong performance on Wall Street supported the market's gains," said Kitty Chan, fund
      AFP,; AFX-Asia  -  2,831 words
    • Article, Illustration
      Lock icon CHINA
      999 13 Reuters FlShenifaaiß Index -HU3 CHINA'S hard currency B shares closed slightly higher yesterday on speculative buying by local institutions as domestic A share indices touched record highs. Shenzhen's B Index rose 0.13 of a point or 0.14 per cent to 92.14 points as turnover fell slightly to HK562.73 million.
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  999 words
    • Article
      Lock icon TAIPEI
      360 13 AFP QVP Index -4&2S TAIWAN share prices closed 0.5 per cent lower yesterday as late selling wiped out earlier gains, dealers said. The market opened higher on Wall Street's overnight gains but sell orders quickly poured in to push the index into negative territory as confidence drained away. "Market
      AFP  -  360 words
    • Article
      Lock icon Wall St rise prompts tech buying
      2004 13 TOKYO AFP Qilijtoi22s +29.20 SHARE prices in Tokyo gained 0.1 per cent yesterday as rises on Wall Street encouraged investors to buy key technology stocks, brokers said. The headline Nikkei 225 Index rose 29.20 points to end at 20,252.81. The Topix Index of all
      AFP  -  2,004 words
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  • STOCKS klse
    • Article
      Lock icon Untitled
      8598 14 Cmhw pniiets lOOO Last Val Day Nat Cap H» taw Cmm—9 trn *h <00 H» laa W >i 420 310 A0nomoto 374 23.7 191* IM 91 Angkasa KM 1 120 Itl KM OM 670 290 Apollo Food »dg 550 25 92 575 MO 13.1 22tt0 2975 2700 BATSOc 2900 25
      8,598 words
    • Article, Illustration
      Lock icon KLCI dips, led by Telekom Malaysia fall
      286 14 AFX-Asia QOenpoete laiex -&H SHARE prices closed mixed to lower led by a steep fall in Telekom Malaysia over concerns Singapore Telecommunications' proposed purchase of a 14.5 per cent stake in Time Engineering will erode its local telecommunications industry dominance, dealers said. The
      AFX-Asia  -  286 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      3348 15 BOMPS& WARRAHTS y* u. CfT rmi «T u■ Efuto AJSjSZ tz tart* l ?S 59 IS i aS* iZZZVSZ&i 2 5 22 19.5 21.5 22 20 41.0 1 300 130 6.36 15 5J ra S 3161 AWTKh W*****7 17 |j IS 17 6 1 »oo ioi 171 u 53 W
      3,348 words
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      Lock icon BANGKOK
      763 15 AFP PffiTMe *BJ2 THAI share prices rose 2.1 per cent as investors focused on banks and other oversold stocks in light trading ahead of a long public holiday next week, dealers said. The Stock Exchange of Thailand (SET) Composite Index gained 8.12 points to close at 403.45, while the
      AFP  -  763 words
    • Article
      Lock icon MANILA
      290 15 AFP P Composite Index +2L25 PHILIPPINE share prices closed 1.5 per cent higher as investors bargain-hunted blue chips, dealers said. The Philippine Stock Exchange Composite Index rose 25.25 points to close at 1,738.49 points. Trading volume fell to 2.96 billion shares worth 1.23 billion pesos. —AFP ,T Nse (000)
      AFP  -  290 words
    • Article, Illustration
      Lock icon JAKARTA
      683 15 AFX-Asia Q Composite Index +6.64 SHARE prices closed firmer on the back of a technical rebound in selected blue chips, but with market sentiment still weak overall due to the absence of foreign investors, dealers said. The Composite Index closed up 6.64 points, or 1.18 per cent, at 570.82.
      AFX-Asia  -  683 words
    • Article
      Lock icon WELLINGTON
      268 15 AFP □NZSE-40 +SJO NEW Zealand shares closed 0.2 per cent higher yesterday, propped up by a stronger Telecom Corp. The benchmark NZSE-40 Capital Index closed up 5.10 points at 2,138.61. Turnover yesterday was a heavy NZ5143.2 million. »#r7 US (000) Advantage MOS 4.89 0.09 83 Air NZ A 2.08
      AFP  -  268 words
    • Article
      Lock icon SYDNEY
      581 15 AFP All Ordinaries +2&B THE benchmark Australian Stock Exchange All Ordinaries Index was 25.8 points higher, at 3,168.2 while the Standard and Poors/Australian Stock Exchange 200 Index rose 24.9 points to 3,182.0. The All Industrials climbed 57.4 points to 5,597.0 while the All Resources eased 5.5 points to 1,211.5.
      AFP  -  581 words
    • Article
      Lock icon SEOUL
      306 15 AFP J Composite Index +33.03 THE Composite Index closed up 4 per cent or 33.03 points at 837.38. Volume was 203 million shares, worth 2.5 trillion won. —AFP Mr wok Arum S»m. ***** 1700 Bnin Ttcfi 1400 35 Central Bonk —&90 15 Chotl Comm *****0 1KXK) Dm Gu Bonk
      AFP  -  306 words
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  • Article
    Lock icon STOCKS sgx
    9437 16 SGXMADVBOARD Transaction date: Apr 7 Or Cr M «(t 52-Wk List Vol Day List Ouetl Dtv Oiv VM Hit Cap Avg Hxjn Low St No C ompin V Sal* COOO) Htgll Low «4—r C»r */t SmM Price MULTHNDVSTRY 182 78.5 m c 1000 Acma 50c 140 cd *8
    9,437 words
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      195 17 Where to wine, dine and entertain..."-? (g^assa- "Tunch" is the best for lunch and High tea rolled into one. Which means longer serving hours and even more scrumptious spreads. "Tunch" from 12 noon 4.30pm £15.80 (Adult) £11.80 (Child) "Tunch Karaoke" from 12 noon Bpm £21.80* (Adult) £17.80* (Child) 'Itchum of
      195 words
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      51 17 ''*-V 1 r*Yw 1 HOTEL QRANO CENTRAL LIMITED 22 Orchard Road, Singapore *****7 T«t 7379M4Ext40M02 Fa* 733 3178 ■over the others. Pl-'-K Advertise in Wine, Dine Entertain of The Business Times and reach out to 117,000 readers daily. Contact Patrick Ang 0 740 1284 or Amy Choo 0 740 1559
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      60 17 Roasted Whole Suckling Pig Steamed Live Set-Bus Fish jftg. with Lime Sauce (Thai Style) Deep Pried Fresh Prawns with Pepper snd Garlic 5*3 Braised Mushroom with Bean-Curd Puff BW snd Lo-Han Vegetable HU Braised Shark's Fin Soup with Dried Seafood Sauteed Pork with X.O. Sauce Braised Noodle in Abalone Sauce
      60 words
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      3 17 going to oe
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      Lock icon Page 17 Advertisements Column 5
      28 17 Adverture 1-3001 Api 2000 A true-blue Australian qistronoalc event not to be alssed. Reservation): 831 6288 ~Bh 333 OrctNrt Road, Singapore *****7 Tat 737 4411 Fac 732 2361
      28 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      932 17 'v uuoimcoo i mica, odiuiudy, Mprn o, cuuu Central ».00 Suddenly Susan In 840 Alam Tropika. ULOO MN Headline News. 8.00 AM Kids Central; St SUSa tS tS "Of" 0 News Bear's Dolls Hospital. 30 Nels S Toniaht W mita Han Ini 1410 Capltal E 430 Stephen The UluSsuteri ®f
      932 words
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 2
      246 17 CRYPTO CROSSWORD ACROSS 5 At school, this is not played (6) 1 Allowed to run with one friend 7 A quiet writer takes risks for ref(10) erence material (10) 6 Suppress good report (4) 8 Does it give the rich admission 9 Open Dumas translation that's to San Francisco? (6,4)
      246 words
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  • The Arts
    • Article, Illustration
      Lock icon YUMMY!
      2243 18  -  Food, art, what's the difference? Gallery curators hope to draw some attention away from Singapore's national pastime with three shows exploring the notion of food in art PARVATHX NAYAR runs through what's on offer. On m. 2, KOBUUiTiMO checks out the Singapore Art Museum's FEAST koh hot tzmo takes
      2,243 words
    • Article, Illustration
      Lock icon The Talented Mr Installation Artist
      912 19  -  By\ Susan Tsang INSTALLATION art is catching on fast among arts practitioners in Singapore, but the art 'form is still relatively new to audiences. This was probably the reason why most of the audience went to the recent talk by Sanjot Kaur Sekhon an artist
      912 words
    • Article, Illustration
      Lock icon More concept than choreography
      664 19  -  DANCE Arts Fission's 'back to Matnre' production made for a charming, if loosely presented evening By 1 Felicia Yap GET rid of those plush theatre seats and billowing red stage curtains. Opt instead for a lake, green grass, some fragrant herbs and the golden evening sunset.
      664 words
    • Article
      Lock icon MOVIE BITES
      983 20 Synopses of films being screened this weekend April 8 The Climb (PG) An engaging tale of growing up in 1950s Baltimore. Adolescence of Utens R( A) Japanese anime set in a school for young sophisticates, combining sci-fi, sword and sorcery with a small dose of sex. Charisma (PG)
      983 words
    • Article, Illustration
      Lock icon In the realm of the senses A lurid look at Bombay's underbelly
      1173 20  -  SINGAPORE INTERNATIONAL FILM FESTIVAL parvathx mayas reviews The Five Senses and Split Wide Open PARVATHI NAYAR A woman putting finishing touches to an over-elaborate cake, another intensely massaging a nude back; a man crouched beside a vent in
      1,173 words
    • Article, Illustration
      Lock icon Mischief in watercolours
      1001 21  -  Award-winning watercolourist Ong Kim Seng paints candid pictures for BDUMTBAMO SUSAN TSANG ONG Kim Seng is perhaps Singapore's best-known water-colourist, and possibly its most decorated one. In 1963, he won the Paulßßemmy Award at the American Watercolour Society (AWS). More AWS awards followed in 1968 and 1989,
      ARTHUR LEE  -  1,001 words
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      94 18 J L b glet besTiqi J—a m rn kj* I Pick some of the lines! seals al y 9\ •<• I i ti I e rnalional as well as local 1 —I W.'\ -I pcrloriiKincrs ;md events, (jet ;ill the lu'iulits ol .in J'fKPV3BV(VItf9VV& I inlern;ilion;il Cre(lil Cill'fl, biICKCCI by
      94 words
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      205 20 Strategic Arts Leadership Beyond 2000 Think outside the square and J go global with online delivery M The International Graduate School of Management (IGSM) offers both its K renowned Graduate Diploma in Management (Arts) and Masters in Business B Administration-Arts online The online study mode offers a flexible and stimulating
      205 words
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      70 21 In business, as in life, it's important to know what's coming your way. Which is why for 23 years, businessmen have relied on The Business Times I l\i TE I I IrCIU r C rUAMCCC CV/CDVTllliyr or accurate predictions and analysis. Now, it will be using this expertise 111 I
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