The Business Times, 15 April 2000
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2000-04-15
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The Business Times
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Title Section12 2000-04-15 1 THE BUSINESS TIMES MITA 35f*a^399 85C SINGAPORE llnternetMTttp^/busin^ SATURDAY, APRIL 15, 200012 words
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Article67 2000-04-15 1 n*n U 2481.7 C (+25.86) BT-SRI ***** (+14.14) SIMSCI PDTT7KES 288J0 (+5.60) STOCK MARKET INDICES Friday Change KLSEOOMP »L21 -2.64 NIKKEI 21,434.68 -91.74 HAM) SENG 18,142.76 ***** SET INDEX Closed JAKARTA COMP —566.79 -&32 MANILA COMP —1,***** -1144 TAIPEI WPi 9,374.61 —-***** SEOUL COMP ***** -38.12 CLSA CHINA67 words
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Article77 2000-04-15 1 FOBEX SATES I'SS s$ US$ 1.711 £(US$/S$ per 1585 2.713 EIj"RO(1(S$/SS/E) 0.964 1.633 DM 2050 0.835 YEN 1055 1.616 RM 3.800 0.450 HKS 7.788 0520 BAHT 3752 0.045 RUP1AH 7,630 0.022 'St to 100U7UU PRIME BATES SINGAPORE* 5.80 Kl'ALA LUMPUR 7.67 •IAKAKTA 39.00 BANGKOK .9.50 MANIU It HONG KONG77 words
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Article, Illustration485 2000-04-15 1 Siow Li Sen - rjiexclusive Ten long-serving directors to step down; OCBC even makes it a policy to exclude directors who are over 75 years By Siow Li Sen [SINGAPORE] Singapore's three family-controlled banks are finally bowing to the call for self-renewal and are retiring a total485 words
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Article, Illustration656 2000-04-15 1 Shoeb Kagda - ilexclusive Move to rebuild public confidence and reassure investors From Shoeb Kagda in Jakarta INDONESIAN President Abdurrahman Wahid is expected to overhaul his economic management team when he returns from his week-long overseas trip tomorrow as he seeks to rebuild confidence656 words
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Article, Illustration912 2000-04-15 1 Felicia Yap - Cultural Medallion winner talks abont the pain and joy of music-making in Singapore By Felicia Yap [SINGAPORE] He's a Cultural Medallion winner with 12 albums to his credit and his music arrangements have been recorded by orchestras from Singapore to Russia.ARTHUR LEE - 912 words
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125 2000-04-15 1 Bloomberg [NEW YORK] US stocks plunged in late morning trading yesterday as a government report showing accelerating inflation added the threat of higher interest rates to the selling pressure on the Nasdaq Composite Index. At 12 noon EST, the Nasdaq index fell 283.6Bloomberg - 125 words
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Page 1 Advertisements
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Advertisement91 2000-04-15 1 prang Top stories Secret password included in some Net software, admits Microsoft. Pg 7 Telstra set for alliances in S'pore? Next Page Lim Tan buys new finance software to give online clients. Next Page Kay Hian boosts services with USslom hedge fund. Pg 3 ST Engg posts 41% rise in91 words
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Advertisement50 2000-04-15 1 Energy and transport costs fuel sharp rise in US consumer prices, Pg 10 <r»-jjV f--v i^^jip£^/ iifeJa lafljferf NH3S s|lMl|§|. sgjf§> KSe l& m&m T* «HM iMM v a |v >Ssk HKiigigl 'i ~&*<s*~i ££j& V > w;--'A 5 |»ili s 1 j ft v c -v. j HsflßSi flapp50 words
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ON THE grapevine
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Article120 2000-04-15 2 WE hear on the market that Chartered Semiconductor Manufacturing is doing a share placement next week. A local broking house has been appointed as the placement agent, though clients are peeved at the terms the firm is demanding. According to the internal guidelines sent out120 words
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Article48 2000-04-15 2 FOR those desperately trying to file their income tax returns before the deadline, here's a hot tip from the Inland Revenue Authority of Singapore Web site: Try not to file between the peak hours of 11pm and lam. Isn't the Internet wonderful?48 words
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Article207 2000-04-15 2 IN physics, the Heisenberg uncertainty principle is accepted as a fundamental rule in the universe. It states that it's impossible to know the position of a sub-atomic particle and its momentum at the same time. So if one can fix the position of a tiny particle207 words
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Article142 2000-04-15 2 THE Internet hasn't just changed the way we do business, it's also radically altered the lingo that accompanies it. Worse, not only do tech companies often speak in an incomprehensible language that obscures what they actually do, the habit has now spread to some brokers. In its write-up on142 words
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Article, Illustration361 2000-04-15 2 Siow Li Sen - PEOPLE By l Siow Li Sen [SINGAPORE] If anyone still doubts Alex Au's commitment to his job, note that he has OCBC Bank share options that are worth some $9 million at today's prices. According to OCBCs 1999 annual report, Mr Au, who361 words
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873 2000-04-15 2 Meera Tharmaratnam - CyberWorks deal may lead to Ml stake, other partnerships in Republic From Meera Tharmaratnam in Hongkong ANALYSTS are speculating that Telstra's deal with Pacific Century CyberWorks will lead Australia's largest telephone carrier to take over a stake in Singapore's Mobile One, and possibly forge873 words
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451 2000-04-15 2 Kenneth James - Lim Tan buys new finance software to give online clients p:j| exclusive Company confident move will not violate S6X rules By Kenneth James [SINGAPORE] Competition for online investors is hot but Lim Tan Securities believes it has a new ace to play 10,000 of them, in fact. The stockbroking firm451 words
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379 2000-04-15 2 Other industrial zones taxed too, argues minister AFP THE Indonesian government will not exempt the industrial island of Batam from val-ue-added and luxury taxes despite a threatened exodus of scores of firms from there, Trade and Industry Minister Yusuf Kalla was quotedAFP - 379 words
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SINGAPORE companies
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Article, Illustration407 2000-04-15 3 Siow Li Sen - It'll also offer online trading on HE and EL bourses by Q3 to win more customers Reports by Siow Li Sen KAY Hian Holdings has started a hedge fund and will be offering online share trading on the Hongkong and Kuala LumpurSIEW YAW HOONG - 407 words
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353 2000-04-15 3 UNITED Overseas Bank (UOB) and Kay Hian have teamed up to offer individuals an online share financing and trading facility of up to six times their monthly income. Senior executives from both companies, which are undergoing a merger, unveiled the product to353 words
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603 2000-04-15 3 Jennifer Lien - By J Jennifer Lien SINGAPORE Technologies Engineering (ST Engg) yesterday posted a 41 per cent jump in net profit to $64.8 million for the first quarter. This compares with a Q1 net profit rise of 20.5 per cent a year603 words
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444 2000-04-15 3 KEPPEL Land has added over 500,000 square feet of land to its portfolio, thanks to the collective sale plots it picked up over the past year. This brings the govern-ment-linked property group's total residential landbank to 2.2 million sq444 words
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137 2000-04-15 3 THE Monetary Authority of Singapore (MAS) is looking at ways to encourage the growth of a support industry to process the back-office operations of financial institutions. This was one of the major themes at the first Technology in Finance dialogue session held by the MAS137 words
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284 2000-04-15 3 Money represents AlA's half share in Tomlinson project WING Tai is receiving a $45.2 million cash infusion from its new partner, American International Assurance Company (AIA), which is pumping this sum as its half share in Wing Tai's posh Tomlinson284 words
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Article772 2000-04-15 3 wong wei kong - locksiew wong wei kong SINGAPORE companies may have had a bumpy ride overseas lately, but in the international capital marketplace, Singapore corporates are quietly winning fans. And as confidence grows among corporate treasurers here, tapping global bond markets, at least for larger companies, may become a772 words
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637 2000-04-15 5 Ling Su Ann - Mated market, lack of retail support drive down prices of most April new listings By Ling Su Ann HOR Kew, making its debut on the Singapore bourse yesterday, closed lower despite a strong showing in the broad market. The share price637 words
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COMPANYBriefs
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77 2000-04-15 5 Reuters INTERNET firm Medlaßing.com Ltd said yesterday it will hold a 49 per cent stake in a joint venture company, with a capitalisation of US$4.6 million (557.9 million), to offer Internet voice communication services to Japanese users. Japanese investor of Internet-based companies TransReuters - 77 words
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Article62 2000-04-15 5 KIAN Ann Engineering said yesterday it will issue 40 million warrants to subscribe for new shares of $0.20 each together with an unsecured Transferable Loan Facility in the principal amount of $20 million to be arranged by KBC Bank (Singapore) Limited. Net proceeds of62 words
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41 2000-04-15 5 HIND Hotels International said yesterday Lim Jiew Keng, Khor Thiam Beng and Roland Wee Beng Sing were appointed as members of its Audit Committee. Mr Lim was also appointed as the chairman of the audit committee.41 words
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35 2000-04-15 5 MHE Holdings said its wholly-owned subsidiary, Material Handling Engineering (1998), has bought a 51 per cent stake or shares of 10 rupees (550.38) each in MHE Electronics (India).35 words
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Article, Illustration209 2000-04-15 5 Andrew Wee - By Andrew Wee HOMEGROWN Trek 2000, designer and developer of the world's smallest computer storage device, has received inprinciple approval for a Sesdaq listing, its senior officials said yesterday. The company's shareholders are five individuals and Toshiba Electronics Asia (Singapore), which holds aSIEW YAW HOONG - 209 words
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340 2000-04-15 5 Andrea Tan - By Andrea Tan WEAK sentiment in the initial public offering market may mar Parkway Laboratory Services' trading debut but the strong brandname of its parent company will help to offset any negative fallout, analysts said yesterday. PLS is the second Parkway Holdings' unit340 words
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Article4829 2000-04-15 5 Mm* in Data TV LV TV LV Cmvmv w M (!■»> (cts) (cts) AM HMga Mar 21 P 4J70 1*52 1*7 103 ACE Dynamics Mar 23 P 0.797 0.758 0.N at* MflHI Mar 22 P 97.169 24L47L tt.1 34L Amara HMgs Mar 28 P 2252 2.1224,829 words
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SINGAPORE markets
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Article, Illustration206 2000-04-15 4 R Sivanithy - WARRANT WATCH By R Sivanithy THERE seems to be a sudden return of interest in Old Economy stocks like those in the banking and property sectors. City Developments, for instance, was among yesterday's top gainers with a 60-cent surge to $8.35. Yet206 words
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Article461 2000-04-15 4 Stocks Volume Hof Kew5c 31,984,000 STEngg 10c 15,948,000 Wing fai 25c 15,338,000 DBS Land 15,008,000 NOL 13,653,000 ChuanHup20c 12,879,000 AirOcean5c 12,893,000 LateTech US4c 12,368,000 FastechUSIOc 11,990,000 MedtaFtinglOc 11,243,000 Stocka > PadficCentury 100,680,080 DBSGrp 55,559,074 0C8C 45,367,289 City Dev 50c 39,029,150 DBS Land 37,971,863 (JOB...- 37,487,168 STEngg 10c 37,272,180 OUB 36,892,760461 words
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Article, Illustration563 2000-04-15 4 r. sivanithy - 1-1 i comment STOCKS r.sivanithy AFTER enduring successive days of plunges on Nasdaq, investors yesterday must have decided to throw in the towel as far as New Economy stocks are concerned and switch back to the Old Economy. Adding to563 words
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Article, Illustration228 2000-04-15 4 Wong Wei Kong - HOT STOCK By Wong Wei Kong SHARES of property developer DBS Land had a good outing yesterday, with the stock rising on healthy volumes and finishing among the session's most active issues. DBS Land shares closed up 17 cents or 7.08 per cent at228 words
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Article133 2000-04-15 4 VAN Der Horst will be holding its AGM on April 28 at 10.00 am, at 11 Pandan Crescent. ASTI has signed a MOU to acquire a 60 per cent stake in Reel Service Limited. The acquisition will provide ASTI with a global network of facilities covering South-east Asia,133 words
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Article, Illustration358 2000-04-15 4 larry wee - Hlcomment CURRENCIES larry wee NORTH Asian currencies were hurt as another weak session for Nasdaq stocks put pressure on North Asian bourses yesterday, while the Singapore dollar may have enjoyed some benefit from a rotational play out of South Korea andSource: Reuters - 358 words
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Page 4 Advertisements
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Advertisement717 2000-04-15 4 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 J NOTICE IS HEREBY GIVEN that I, WONG BAN MING of 7, Farrer Road *03-09 Tulip Garden Singapore *****9, have applied for a 2nd Class Beer House licence in respect of M/s Asian Foodmall Pte Ltd located at 304717 words
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Advertisement294 2000-04-15 4 NOTICE OF SPECIAL RESOLUTIONS HQ FASHIONS FT! LTD At an Extraordinary General Meeting of the members of RG FASHIONS PTE LTD. duly convened and held at B* 192 Pandan Loop *06-18 Pantech Industrial Complex Singapore *****1 on 13 April 2000. the following resolutions ware duly passed SPECIAL RESOLUTIONS "RESOLVED THAT294 words
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Advertisement22 2000-04-15 4 Looking for a forum to talk stocks? Chatline is the place to be Find us at httpv/iol.dbs corn sg/ 88 DBS BANK22 words
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SINGAPORE news
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Article, Illustration419 2000-04-15 6 Christopher Tan - Cycle Carriage aims to build Kia image with ads, motorshow Ityi Christopher Tan SIZE matters. It took leading motor group Cycle Carriage less than seven weeks to set up two showroom locations for its freshly-landed Kia franchise. Another new kid on the block took sevenCHRIS LOH - 419 words
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132 2000-04-15 6 THE 10-year-old Kensington Park condominium at Serangoon North can now boast a high-tech touch with a new facility management network. Property consultants Chesterton International, the condo's manager, said yesterday it will bear the costs of putting up the system, together with Egg Systems.com Inc. Both132 words
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219 2000-04-15 6 Andy Ng Kar Fatt Singapore via Internet - Andy Ng Kar Fatt Singapore via Internet IT seems that recently our stock market is very focused on ROE (return on shareholders' equity). We often hear so-and-so companies saying they have the highest ROE compared to other listed entities in the same business.219 words
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Article159 2000-04-15 6 Wong Kam Wah Singapore - Wong Kam Wah Singapore BACK in 1993, the government launched a programme known as "Invest in Singapore". Overnight, some 90 per cent of the working population became stakeholders in Singapore Telecom. Besides the discounted share offer price of $1.90, many of us went into the open market159 words
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Article, Illustration615 2000-04-15 6 Anna Teo - on the economy Current conditions suggest that 'welfare gains' in the economy are being sustained By. Anna Teo RISING energy prices, on the one hand, and soft, declining prices of key exports like disk drives and integrated circuits onSource: Dept of Statistics - 615 words
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369 2000-04-15 6 Jane Cheong - eC-Link.com hopes to signnp 100 companies Ky> Jane Cheong LEADING local e-supply chain software provider eCLink.com has teamed up with IBM Singapore, KPMG Consulting and Kao Singapore to offer small and medium enterprises a cheap way to meet their supply chain needs on369 words
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358 2000-04-15 6 Jane Cheong - By July next year, 10% of its stndents will do ICT courses Jane Cheong THE Institute of Technical Education is gearing up to meet a demand for more infocommunications technology workers. It will launch full-time courses in infocomm technology (ICT), multimedia and e-commerce358 words
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281 2000-04-15 6 Anna Teo - By Anna Teo A MULTIPOLAR world will likely emerge in this century, and Europe and Asia must be prepared to play a bigger and more proactive global role, Law and Foreign Affairs Minister S Jayakumar said last night. Addressing the281 words
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241 2000-04-15 6 THE Housing and Development Board's first wall-less or "white" flats are ready for sale. The 36 apartments are in Punggol 21 and are part of HDB's sale of flats programme for the second quarter which comprise a total of 8,000 units.241 words
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179 2000-04-15 6 ELECTRICITY tariffs will go up from next month because of higher fuel costs, the second hike in tariffs this year. The new charges will apply to low tension, extra high tension and high tension customers, Singapore Power announced yesterday. However, the contracted and179 words
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eNews
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305 2000-04-15 7 NEW YORK Reuters, Bloomberg, AFX-Asia SOFTWARE giant Microsoft Corp acknowledged its engineers included a secret password in some of its Internet software that could be used to gain access to Web sites globally, the Wall Street Journal said yesterday. The articleReuters,; Bloomberg,; AFX-Asia - 305 words
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eBriefs
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113 2000-04-15 7 Bloomberg [TOKYO] Nissan Motor Co and Renault SA will join the world's largest online parts exchange being formed by the three biggest US automakers, using the Internet to drive down component costs. Nissan and Renault, which owns 37 per cent of the Japanese automaker,Bloomberg - 113 words
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110 2000-04-15 7 Bloomberg [PARIS] Scholastic Corp, the US publisher of the Harry Potter series of children's books, agreed to buy publisher and children's book-club operator Grolier Inc from France's Lagardere SCA for US$4OO million (Ss6B4 million) in cash. Based in Danbury, Connecticut, Grolier is the topBloomberg - 110 words
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Article75 2000-04-15 7 Reuters [NEW YORK] MP3.com Inc, which operates a Web site that lets users download songs over the Internet for free, said on Thursday it is buying the majority stake in mp3radio.com from its venture partner Cox Interactive Media. Terms of the deal were not disclosed. Atlanta-based mp3radio.com,Reuters - 75 words
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91 2000-04-15 7 Reuters [LONDON] British mobile phone operator Orange is increasing a loan to help fund a high stakes UK auction battle for new generation mobile licences to £5 billion (5|13.6 billion), banking sources said on Thursday. Orange, which had already agreed a £3.5 billionReuters - 91 words
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Article90 2000-04-15 7 Bloomberg [TOKYO] Toyota Motor Corp, Asia's biggest automaker, will form a new company in June to control its financial services units in Japan and overseas, the Nihon Keizai newspaper said, without citing sources. The company will hold shares in Toyota's finance, credit card and soon-to-be createdBloomberg - 90 words
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391 2000-04-15 7 TOKYO Move could be worrying for NTT, whose high fees are said to be keeping Net nser numbers low Reuters US giants AT&T Corp and Microsoft Corp are gearing up to accelerate their global drive in cable Internet business thisReuters - 391 words
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Article, Illustration379 2000-04-15 7 Non-brokerage firms not allowed to do online trading Reuters [BElJlNG] China yesterday issued new rules governing online stock trading which stipulate that only licensed securities brokerages can apply to the government to conduct the business. The rules were aimed at regulating Internet-based stockReuters; AP/XINHUA - 379 words
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Article, Illustration345 2000-04-15 7 AMSTERDAM Company's stock is down 56% from its initial price Bloomberg NINA BRINK, chairman of World Online International, has quit amid mounting criticism from shareholders after the Internet access provider disclosed that she had sold most of her stock beforeBloomberg; Source: Bloomberg - 345 words
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429 2000-04-15 7 NEW YORK Reuters INTERNET brokerage executives, flush with frenetic customer stock trading and record new account openings, are saying a word they have not used in a while profits. Two of the biggest US online brokerages, E*Trade Group Inc and Ameritrade Holding Corp,Reuters - 429 words
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Page 7 Advertisements
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Advertisement23 2000-04-15 7 Create a romantic holiday for you and your loved one through The Straits Times Classified. CAT A Buy K. Sd h. Find It.23 words
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REGIONAL news
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470 2000-04-15 8 Eddie Toh - Planned sale of Magnum stake to Bolton and Lim Tan Hai aborted From Eddie Toh in Kuala Lumpur THE break-up of the Multi-Purpose Holdings Bhd empire previously controlled by an ally of former deputy prime minister Anwar Ibrahim has hit a stumbling470 words
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Article, Illustration353 2000-04-15 8 KUALA LUMPUR Keadil&n spokesman detained, six others told to report to cops Reuters AFP MALAYSIAN police cracked down on the Opposition yesterday and deployed teams across the capital ahead of a planned protest march today to mark the first anniversary of the jailing ofReuters; AFP; AP - 353 words
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425 2000-04-15 8 PARIS Decision subject to IMF go-ahead; investors stay away Bloomberg THE Paris Club, a group of creditor countries that includes France, the US, the UK and others, said it agreed to reschedule US$5.B billion (559.9 billion) of Indonesia's debt maturing by March 31Bloomberg - 425 words
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401 2000-04-15 8 Quak Hiang Whai - Chinese firms looking for funding, S'pore businessmen need to look at details Prom Quak Hiang Whai in Hongkong SINGAPORE businessmen travelling with Prime Minister Goh Chok Tong have been offered potential investments worth billions of dollars in the Chinese city of Qingdao. At401 words
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115 2000-04-15 8 KUALA LUMPUR Reuters MALAYSIA'S Affin Holdings Bhd said yesterday it would finalise a merger agreement between its banking unit, Perwira Affin Bank, and the BSN group by early next month. "We are almost there and we are quite confident of finalising before the endReuters - 115 words
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MARKET moves
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Article121 2000-04-15 8 GEMTECH Resources tumbled a hefty RM1.90 to RMIO.IO following Tong Kooi Ong's low general offer of RM4 for the remaining 54 per cent of the company he does not own. Despite Mr Tong's plan to turn Gemtech into a major Internet play through the acquisition of financial121 words
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Article43 2000-04-15 8 LEADING newspaper group The New Straits Times also suffered yesterday despite its Internet potential. The counter fell RMI to RM14.30 after an analyst pointed out at a seminar that investors have valued its Internet potential more than its core newspaper business.43 words
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Article54 2000-04-15 8 Eddie Toh - Compiled by Eddie Toh HOTLINE Furniture rose 42 sen to RM4.02 on rumours that it will soon raise funds to expand its business aggressively. Some traders suspected that the share price could have been pushed up by syndicates. Nevertheless, a higher share price would no doubt make any54 words
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607 2000-04-15 9 HONGKONG China's second largest telco plans to raise over USs4b Reuters IN WHAT looks set to be China's largest ever IPO, China Unicom Ltd, China's second largest telecommunications company, plans to raise between US$4 billion (Ss6.B billion) and US$5 billionReuters - 607 words
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305 2000-04-15 9 BOMBAY AFP-Reuter MEDIA tycoon Rupert Murdoch's News Corp has made its first major foray into India's Internet sector, investing in a newly launched portal, indya.com, officials said yesterday. News Corp and a host of other global heavyweight investors have taken minorityAFP-Reuter - 305 words
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NOTEBook
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89 2000-04-15 9 AFX-Asia [HONGKONG] China is considering setting a deadline for Taiwan to negotiate reunification if Taiwan president-elect Chen Shui-bian fails to acknowledge the one-China principle, Ming Poo daily reported, citing a Beijing source. "If Chen Shui-bian in his inaugural address (on May 20) failsAFX-Asia - 89 words
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Article54 2000-04-15 9 AFP [JAKARTA] An audit into the finances of PT Bursa Efek Jakarta (BEJ), the manager of the Jakarta Stock Exchange, found irregularities which have caused US$3.5 million (SIS million) in losses, a report said yesterday. The audit report said nine cases of irregularities had been found,AFP - 54 words
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43 2000-04-15 9 Reuters [JAKARTA] Indonesian state oil firm Pertamina said yesterday it expected to lose 1,000 staff a year through retirements but vowed there would be no lay-offs. It had around 26,000 staff as of last October. —ReutersReuters - 43 words
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64 2000-04-15 9 AFX-Asia [JAKARTA] The Indonesian Bank Restructuring Agency (Ibra) said it raised 17.4 billion rupiah (Ss3.B million) from the first auction of closed banks' properties. It said nine property units were sold in the first auction. Ibra holds some 5,000 properties including 277 apartments, 1,061AFX-Asia - 64 words
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Article66 2000-04-15 9 Reuters [MANILA] Medium-sized Philippine bank Security Bank Corp said yesterday its board has approved a merger with Federal Savings A Mortgage Bank. "It will be a 100 per cent acquisition with Security Bank as the surviving entity," Security Bank said in a statement to theReuters - 66 words
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34 2000-04-15 9 Reuters [JAKARTA] Sickly former president Suharto can leave the country for medical treatment despite a formal ban restricting him to Jakarta, a senior attorney-general's department official said yesterday.—ReutersReuters - 34 words
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199 2000-04-15 9 HONGKONG Bloomberg SOME Asia-Pacific airline stocks, such as Cathay Pacific Airways and Air New Zealand Ltd, fell after the price of jet fuel rose for a second day, raising concern of higher operating costs for carriers. The price of jet fuel was US$2B.lO (5548.10)Bloomberg - 199 words
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755 2000-04-15 9 SHANGHAI Investors nnfazed by deflation, dismal earnings season, New York volatility Reuters WHILE the Nasdaq index was busy racking up its second biggest point loss ever this week, pulling down indices around Asia, punters in Shanghai and Shenzhen didn't blink. In fact, Shanghai AReuters - 755 words
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228 2000-04-15 9 SHANGHAI AFP CHINESE Internet firm Sina.com yesterday described its strong debut on a weak Nasdaq market as "pretty good". Its shares surged 22 per cent on Thursday beyond their offer price on their Nasdaq trading debut, reflecting strong investor appetite forAFP - 228 words
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Article, Illustration57 2000-04-15 9 [SHANGHAI] A shoe shop clerk sealing the wrap on a fake Nike shoe yesterday in Shanghai. China and Malaysia have signed an agreement on China's entry into the World Trade Organization last Wednesday, leaving just seven WTO members who have yet to approve China'sAP - 57 words
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504 2000-04-15 9 WASHINGTON Reuters THE White House abruptly cancelled on Thursday its planned April 14-20 congressional mission to China citing a lack of interest by lawmakers, as the battle over President Bill Clinton's landmark trade agreement with Beijing intensified. Commerce Secretary William Daley had planned toReuters - 504 words
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213 2000-04-15 9 HONGKONG Company silent on fate of its $100 m acquisition HONGKONG.COM Corp said on Thursday that Hongkong's markets watchdog, the Securities and Futures Commission, did not approve its plan to issue new shares. It did not provide details on its share issue plan.213 words
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Page 8 Advertisements
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Advertisement400 2000-04-15 8 TOM.COM LIMITED, an associate of Hutchison Whampoa Limited, is launching a multi-lingual mega-portal with an aim to "Bring China to the world and the world to China" ff| Senior/Manager Overseas Operations Responsibilities: Develop internet operation in a major metropolis Liaise with the local authorities in setting up the business Recruit400 words
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Advertisement75 2000-04-15 8 A well established foreign Private Bank g invites qualified and experienced candidates I for the post of® Junior Portfolio Manager J Requirements:- B University Degree Min. 3 years experience in Finance. Equity related experience preferred Team player Self-motivated, excellent analytical and communication skills, strong command of Word Excel Fluent in75 words
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WORLD news
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Article, Illustration355 2000-04-15 10 Reuters [LONDON] Emerging markets guru Mark Mobius yesterday said that he would probably lighten up on holdings of telecommunications companies and he expected global market volatility to increase as a result of the sharp declines on the Nasdaq market Speaking to Reuters inReuters; FILE PHOTO - 355 words
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559 2000-04-15 10 WASHINGTON Figures likely to increase pressure on Federal Reserve to continue raising interest rates Reuters CONSUMER prices in the US picked up sharply last month amid big rises in energy and transportation costs, the government said yesterday in aReuters - 559 words
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349 2000-04-15 10 TOKYO Miyazawa slams central bank chief for raising issae AFP, Reuters A ROW erupted yesterday at the heart of Japanese policymaking as Finance Minister Kiichi Miyazawa upbraided the central bank governor for advocating an early end to "zero" interest rates. The FinanceAFP,; Reuters - 349 words
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292 2000-04-15 10 WORLD BAMS/IMF MBBTENO Bloomberg THE US wants to change the way the World Bank and International Monetary Fund choose their leaders, potentially ending a 50-year tradition of splitting the two top jobs between the US and Europe, US Treasury Secretary Secretary Lawrence SummersBloomberg - 292 words
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Article, Illustration631 2000-04-15 10 NYT [SEOUL) Buoyed by a diplomatic breakthrough with North Korea, South Korea's governing party picked up additional seats in mid-term parliamentary elections held on Thursday. Although it failed to win a plurality, President Kim Dae Jung's Millennium Democratic Party performed better than had beenNYT; AP - 631 words
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259 2000-04-15 10 NEW YORK AP IF Nike thought it could sell Bo Diddley T-shirts without paying the guitar legend, the company might not know Diddley. Diddley filed a lawsuit in the US District Court in Manhattan on Wednesday against Nike, saying the company hadAP - 259 words
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667 2000-04-15 11 NEW YORK Index down 27.2% from March 10 peak, 17% down this week alone LAT-WP, NYT GOOD news abounded on Thursday, but Wall Street wasn't buying any. Despite strong profit reports from some market leaders, a tech-stock rally fizzled late in the day, draggingLAT-WP,; NYT - 667 words
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Article, Illustration236 2000-04-15 11 Sound fury fHjFNasdctq Composite ffWhfx This index measures all Nasdaq domestic and non-US based common stocks listed on the Nasdaq market. The index is market-value weighted, meaning each company's security affects the whole index in proportion to its market value. The market value, the last sale price multiplied by total236 words
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411 2000-04-15 11 SAN FRANCISCO FT JAPANESE semiconductor manufacturers plan a substantial increase in investment in production facilities this year. They have lagged behind chip makers in the US and Europe, which have lifted capital spending over the past year. The spending plans come amidFT - 411 words
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555 2000-04-15 11 WASHINGTON Need for liquid cash, Nasdaq fall dampen enthusiasm for stocks Bloomberg REPRESENTATIVE Pete Sessions watched technology stocks tumble this month and wished this wasn't an election year. Otherwise, he'd grab some bargains. "I need to keep my campaign funds liquid, so unfortunately,Bloomberg - 555 words
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Page 10 Advertisements
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Advertisement107 2000-04-15 10 Indian engineer leaving Brunei for Calcutta, India to set-up a Trading House and a plant to assemble Computers Mobile Phones. Invites collaboration with a Singapore firm. ENORMOUS PROFIT POTENTIAL. Items for export to India are Computer component/ peripherals Mobile Phone. Items for import to Singapore are frozen/ fresh Fish, Leather107 words
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FINANCE & commodities
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244 2000-04-15 12 Daphne Tay Jardine Fleming - SOX Derivatives fradln^Reports |fffl!|gh»gipnwaTiiAw Daphne Tay Jardine Fleming THE Singapore stockmarket finished higher yesterday boosted by strong buying interest in property and finance counters. The technology sector, however, remained wobbly in the wake of the recent meltdown and extreme volatility seen in244 words
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276 2000-04-15 12 Chan Yet San Refco Singapore - MSGZ Taiwan fixtures Chan Yet San Refco Singapore THE Taiwan Stock Weighted Price Index was down again yesterday foUowing the Nasdaq slide. Reports out of Taiwan said that foreign institutional investors sold a record amount worth of shares in the Taiwanese stock market on276 words
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Article146 2000-04-15 12 ENERGY REPORT AFP [LONDON] Oil prices rebounded here early yesterday, recovering slightly amid continuing uncertainty about future supplies, although there was a lack of significant news to drive the market, dealers said. In London, the price of Brent for June delivery was U5523.08 from U5522.95AFP - 146 words
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Article321 2000-04-15 12 Reuters THE euro was trapped in tight ranges against the US dollar and yen early yesterday drawing some support from speculation that the Group of Seven (G-7) nations may mention the euro in its communique following its meeting this weekend. However, traders said the single currency remained fragileReuters - 321 words
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Article, Illustration1240 2000-04-15 12 MTERBAME CROSS RATES AprN AS C$ Rwt Eiro Ffr Dm NK$ Indft tupi* Yw Wow ttt 112$ Pafc ts Peso S$ land Sfr KT5 Blrt Hmt USS Australia 0.878 4.959 0.626 4.108 1.225 4.652 26.074 45.582 0.633 6.637 2270 1201 30.*****.593 1022 3.9M 0.9«5 18.197 22.650 0.377 0.597 Cauda 11381,240 words
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Article1798 2000-04-15 12 81C0M FUTURES Apr 14 RUBBER (Mvrts dart* at L30|a) RSS1C0NTtACT(Scwb/kf) Ctosa Mw OpM MuBi Mfh Low Salt ttHMl) tatarwt May 00 120.75 Jw 00 ***** 600 Jul 00 125J0 200 Am| 00 127JO 200 KS 3 CONTRACT (US iohm* OpM Month ijl Iw >«tt Itww) lutarart May 00 69.00 69.001,798 words
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STOCKS east asia
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Article, Illustration2848 2000-04-15 13 HONGEONG AFP PlhngSaig jjjjjj HONGKONG share prices slipped 1.3 per cent yesterday, with sentiment further dampened by overnight weakness on Wall Street, dealers said. "The market is responding to the poor performance on Wall Street," said Alex Tang, research director at Core Pacific-Yamaichi. The keyAFP - 2,848 words
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Article1966 2000-04-15 13 TOKYO AFP nwuwas jjjf SHARE prices in Tokyo closed 0.4 per cent lower yesterday on sporadic selling of leading stocks, brokers said. The key Nikkei 225 Index fell 91.74 points to end at 20,434.68. The index stayed in positive territory on modest bargain-hunting until theAFP - 1,966 words
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Article, Illustration1000 2000-04-15 13 Reuters HShenzhen Blndex +&03 CHINA'S hard currency B shares closed almost unchanged in thin trade yesterday as low share prices offset disappointments over the government's failure to produce longawaited market-boosting steps, brokers said. Shenzhen's B Share Index inched up 0.03 of a point to 91.63 points as turnover plungedReuters; Source: Credit Lyonnais Securities (Asia) Ltd - 1,000 words
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Article349 2000-04-15 13 AFP QWF Index -287.99 TAIWAN share prices fell 3.0 per cent yesterday on heavy selling by institutional investors following overnight losses on Wall Street, dealers said. "Market confidence was crushed by a selling spree by institutional investors," said Chiang Min-chan, analyst at Grand Cathay Securities. "Selling pressure was particularlyAFP - 349 words
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Page 13 Advertisements
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Advertisement65 2000-04-15 13 COND BOND ISSUE AND i A yrwjmm 0J v ltm f i j| I I Neptune Orient Lines Limited 8 IPO. Shares. Bonds. Stocks. Annual Reports. I I Whatever you're offering, we help you reach out JHE= I I to 86.7% of all adults In Singapore dally. .jwlii ii t65 words
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STOCKS klse
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Article, Illustration436 2000-04-15 14 AFP CI Composite Index -2.64 MALAYSIAN shares closed 0.3 per cent lower yesterday in cautious trade due to concerns over a planned mass rally today by supporters of jailed former deputy premier Anwar Ibrahim. The Kuala Lumpur Stock Exchange composite index fell 2.64 pointsAFP - 436 words
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Article8833 2000-04-15 14 MDtfSTRMLS 2000 "ST Pr-lt V- Cap MM» Low Company Sale OOP H>qh L— p/l $m« 420 310 Ajinomoto 380 -2 7 380 380 24.1 154.0 158 91 Anqkasa 106 2 91 106 51 S&J 670 290 Apollo Food mg 525 -15 16 530 515 12.5 2W.0 2975 2700 8AT50C 29008,833 words
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Page 14 Advertisements
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Advertisement13 2000-04-15 14 nwSlßut.H'l'inwN awiui a) Photo essay a creative way to recruit the right talents.13 words
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SGX clob & regional stocks
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Article3125 2000-04-15 15 BONDS AWARRAMTS aptn ■t fnH M J2-M Last «d Drr LaitOaili M C« tar Mk MM |a Mi, L lak *ar- fOOO) MM* Ua Mp*» Uhf Mo Ml Mi* Mca m »nrti»T UN 80 18 s 3164 Acma ******4 -W 0.5 K« 21-5 20 21 21.5 21 41.0 J 3003,125 words
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Article244 2000-04-15 15 AFP POompoate lute -3112 SOUTH Korean share prices slumped 4.3 per cent yesterday. The Korea Stock Exchange index closed down 36.12 points at 800.89. AFP Apr M AMmSMrt T7500 MO Br«n Tech 1310 -TO Central Bank 2360 10 ChaflComm *****0 -5500 OmGu Bank 2490 300 OMMnqCerp 26W -90 DaowooCorpAFP - 244 words
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Article278 2000-04-15 15 AFP P Composite Index -13.44 PHILIPPINE share prices fell 0.8 per cent yesterday after a further fall in US stocks. The Philippine Stock Exchange Composite Index lost 13.44 points to 1,712.54. Turnover volume fell to 2.22 billion shares while value rose slightly to 1.29 billion pesos.—AFP AprM Mm *hAFP - 278 words
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Article268 2000-04-15 15 AFP niBSB-40 -1X32 NEW Zealand stocks closed down 0.6 per cent yesterday on continuing caution over the downward path of US stocks, according to dealers there. The NZSE-40 Capital Index lost 13.32 points to 2,070.96 and turnover totalled NZ$l2O million.— AFP Mt% emi Advantage MDS 4.40 0.07 287 AlrNZAAFP - 268 words
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Article549 2000-04-15 15 AFP *113 THE benchmark Australian Stock Exchange All Ordinaries Index yesterday closed 11.3 points or 0.4 per cent higher at 3,096.0. The SP/ ASX 200 Index was 12.2 points higher or 0.4 per cent to 3,111.9. The SP/ASX 200 Industrials Index was 32.7 points higher at 5,510.1, while theAFP - 549 words
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Article, Illustration678 2000-04-15 15 AFP n Composite Index -&32 INDONESIAN share prices fell 1.5 per cent yesterday led by blue chips on foreign selling and in line with weakness in other bourses in the region, dealers said. A dealer at a European brokerage said the sharp fall was largely driven by foreign sellingAFP - 678 words
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Page 15 Advertisements
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Advertisement9 2000-04-15 15 r j—^ll^^—l^— The Bangkok market was closed yesterday I9 words
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Article7839 2000-04-15 16 SGXMAXNBOARD Transaction date: Apr 14 Or Or M Wt M Last Vol D»y Last Quote Div Otv VM Net Cep Avg *ew stMo Comp#ny 5,1, COOP) High Low Buyer Seller C vr P/E $mM Pile# MULT! MOUTHY ,82 82 mc .000 AcmaSOc 133 Cd -2 210 135 1337,839 words
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Advertisement29 2000-04-15 16 the paper that made jr r• Vf T JV p 7W¥WVTCn P^P< WF B P^T^^^ l| W^l^F¥ B WHHHHB9HHHIII M A T /«1' 1 J iT*j 111-M« U\ !> J29 words
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Page 17 Advertisements
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Advertisement240 2000-04-15 17 Where to wine, dine and entertain...^;o> Chefs from Penang Parkroyal Resort will whip up authentic Penang specialities including Penang Char Kway Teow, Laksa and Banana A pom. Plus the chance to win two return air tickets with a 3D/2N stay at Penang Parkroyal Resort! Lunch: $22.50 (Adult) Dinner: $24.50 (Adult)240 words
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Advertisement27 2000-04-15 17 HOTEL GRAND CENTRAL UMITED 22 Orchsrd Road/Cav«nsgh Road, Singapore *****7 Western do s an P Cantonese American Teochew Japanese egGtarian j. Mexican Mongolian lnd,^chua„ HainaneseJ tal an27 words
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Advertisement61 2000-04-15 17 Roasted Whole Suckling Pig Steamed Live Sea-Bass Fish with Lime Sauce (Thai Style) Deep Fried Fresh Prawns with JBA Pepper and Garlic J Braised Mushroom with Bean-Curd Puff Rflt and Lo-Han Vegetable ffjjj Braised Shark's Fin Soup with Dried %s Seafood Sauteed Pork with X.O. Sauce Braised Noodle in Abalone61 words
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Advertisement28 2000-04-15 17 I Wine. Dine EniSU**< I Business Times I I w i mm I J I I Contact Patrick Ang 740 1284 I J or Amy Choo *****59 now.28 words
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Advertisement65 2000-04-15 17 SSSP WEEK 24-28 April 2000 fashion show featuring top male and female Australian models i i i I Mandarin Ballroom 6th floor, South Tower 12 pm 2.00 pm (daily) $46 nett per person $36 nett per person i Mandarin Dine-amics/ Diners Card holders) Reservations: 831-6288 Mandarin &£gty™ nr WW mm65 words
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Page 17 Miscellaneous
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Miscellaneous845 2000-04-15 17 ine business Times, Saturday, April! d, TVF.'lCT—^^^l— CMtnl 6.00 Nightman. 10.00 TV Innovations. Hiding The Tiger On. Saturday Night Movie: 2.00 AM Response TV. 10 JO At Home With (r). 840 AM Kids Central: 64 Cabin Boy (See Our 3.00 Zimfoni. ILOO News World. Zoo Lane/ Animal Choice). 340 Antara845 words
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Miscellaneous258 2000-04-15 17 CRYPTIC CROSSWORD ACROSS half eclair (7) 'KM-"" c^P- ..Wm 8 Having hurried about, are trans--8 Quiet concentration, but it*s all a hh. ,iah\ fixed (7) 9 Piece of soan? (7) 13 Quietly putting .n the stuffing (7) ynecBOTS oap. 15 Bed lace is ruined tn the stam--10 Aquatic creature is258 words
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TheArts
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Article, Illustration1214 2000-04-15 18 PARVATHI NAYAR - Inspirit Crossing marks the Singapore Art Museum's first exhibition of indigenous Canadian art and the museum's first show fully curated in-house, writes pakvathi hayar PARVATHI NAYAR BEFORE anything was anything—so goes the indigenous north-west coast legends of Canada there was the Raven. The world was in darkness, and1,214 words
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429 2000-04-15 19 Felicia Yap SINGAPORE Dance Theatre's Ballet Under The Stars (BUTS) has drawn a fair share of starry-eyed young children and (dance) lovers since its inception in 1995. 'Tis the season for dance and a picnic basket again when BUTS comes to the FortFelicia Yap - 429 words
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Article, Illustration1069 2000-04-15 19 Felicia Tap - The Cantonese Opera Troupe's leads have it down to a fine art By Felicia Tap THERE is a saying that "10 years of drudgery lie behind every minute a Chinese opera actor stands on stage". Take Ni Huiying and Liang Yao'an of the Guangzhou Cantonese Opera Troupe1,069 words
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Article, Illustration531 2000-04-15 19 Koh Huiting - Machold Rare Violins offers a different tone for investors seeking alternative ventures By Koh Huiting DIETMAR Machold collects old things. Old cars, old wine, old furniture. He even lives in an old restored castle in Vienna. He also gets to rub shoulders with theCHRIS LOH - 531 words
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Article, Illustration1592 2000-04-15 20 M Yasotha - Compiled by M Yasotha MUSIC Singapore Symphony Orchestra Greeting Cards Series/Akzo Nobel for Young Talent Concert/Beethoven Symphony Cycle This year's series kicks off with Singapore's prolific and most recorded classical composer Phoon Yew Tien. The world premiere of Variants on an Ancient Tune is conducted by James Paul.1,592 words
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Article, Illustration152 2000-04-15 20 Th® Boss The naked truths about the nude are revealed without scanty detail Plot and Players: A hybrid of "nu'\ a French word for nude, and "euphoria", a blissful state of well-being, Nuphoria connotes a sense of harmony, or simply feeling good in the aesthetic pursuit of the nude152 words
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13th SINGAPORE INTERNATIONAL FILM FESTIVAL
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Article, Illustration992 2000-04-15 21 Synopses of movies being screened today Mr. Rice's Secrete (PG)—Nlcholaa Kendall (USA) Alhambra, UA Beach Road, 11am, 91 mins Tickets: Available Twelve-year-old Owen is plagued by nightmares about death when his best friend, Mr Rice, died. Having just recovered from a serious illness, the thought of death torments992 words
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Article, Illustration714 2000-04-15 21 AARON LYE - Taiwan's Darkness and Light s best film, Eating Airmns SFC Young Cinema prize, reports aabon lye AARON LYE LIKE every other film festival held around the world, the 13th Singapore International Film Festival has very specific goals: The promotion of film as an art form; encourage greater714 words
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Article, Illustration573 2000-04-15 21 Parvathi Nayar - FILM REVIEWS The War Zone', actor Tim Roth's maiden trip as a director, leaves many questions unanswered Reviewsby Parvathi Nayar ACTOR Tim Roth's directorial debut, The War Zone, does not qualify as entertainment, light or otherwise. It does, however, qualify to be ranked among the573 words
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454 2000-04-15 21 The festival's closer, The Wind Will Carry Us', may not be to everyone's taste ABBAS Kiarostami in The Wind Will Carry Us, uses cinematic devices that are a favourite with the director. Like placing his characters in locales they are unfamiliar with. This tends454 words
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Article, Illustration1001 2000-04-15 22 JOHN GEE - Love it or hate it But this is the new home of the Ministry of Information and the Arts and other arts-related bodies, johhoeb has the details JOHN GEE A BUILDING that until 1980 was a police station became a centre serving thePHOTOS BY ARTHUR LEE - 1,001 words
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Article, Illustration1431 2000-04-15 22 Parvathi Nayar - Ken Tyler's decision to move his entire facilities here is a conp for the local arts scene By\ Parvathi Nayar SINGAPORE has persuaded master printer Kenneth Tyler to shift his cut-ting-edge print studio from New York to Singapore, where the Singapore Tyler PrintCHRIS LOH - 1,431 words
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Page 18 Advertisements
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Advertisement88 2000-04-15 18 J L tglet •i V r Pick some of the finest seats at f l\ i' v I :■i nte rnational as-well as local i' —I >V ?i' I ""*v performances and events. Get all the benefits of an m international credit card, backed by ULdL tt anc j MasterCard88 words
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Page 19 Advertisements
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Advertisement25 2000-04-15 19 Ballet Under The Stars, April 21-23, The Green, Fort Canning Park, picnic at spm, performance at 7.30pm. Tickets priced at $15 (adults) and $8 (children)25 words
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Advertisement89 2000-04-15 19 Inspirit Crossing: The Making Of First Nations Inuit Art, April 20-June 27, Singapore Art Museum. Jointly organised by the Singapore Art Museum and the Canadian High Commission. Sponsored by Nortel Networks Singapore, City Developments Ltd, Pratt Whitney Canada (SEA), Lee Foundation, Far East Organization and Singapore Airlines Official media: The89 words
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Advertisement62 2000-04-15 20 Nuphoria 2000, April 14-19, The Gallery, Paragon. Admission is five The Average Size and Performance of a PruLink Fund. PruLink Singapore Managed Fund 9 the largest unitised fund in Singapore. An unbeatable record with over $730 million ■L L' jfcf- invested by 90,000 people since its launch in 1992. Probably62 words
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Page 21 Advertisements
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Advertisement8 2000-04-15 21 Rating R(A) Show time: 4pm, UA Grand Prince8 words
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Advertisement8 2000-04-15 21 Rated: PG Show time: 9.15pm, UA Grand Prince8 words
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