The Business Times, 15 April 2000

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 22
1 22 The Business Times
  • 12 1 THE BUSINESS TIMES MITA 35f*a^399 85C SINGAPORE llnternetMTttp^/busin^ SATURDAY, APRIL 15, 2000
    12 words
  • 67 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 CHINA
    67 words
  • 77 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 KONG
    77 words
  • 485 1  -  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 total
    485 words
  • 656 1  -  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 confidence
    656 words
  • 912 1  -  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
  • 125 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 283.6
    Bloomberg  -  125 words
  • Page 1 Advertisements
    • 91 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 in
      91 words
    • 6 1 Going native, The Arts, Pg 22
      6 words
    • 50 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 flapp
      50 words

  • NEXT page
    • ON THE grapevine
      • 120 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 out
        120 words
      • 48 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
      • 207 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 particle
        207 words
      • 142 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 on
        142 words
    • 361 2  -  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, who
      361 words
    • 873 2  -  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 forge
      873 words
    • 451 2  - 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 firm
      451 words
    • 379 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 quoted
      AFP  -  379 words

  • SINGAPORE companies
    • 407 3  -  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 Lumpur
      SIEW YAW HOONG  -  407 words
    • 353 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 to
      353 words
    • 603 3  -  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 year
      603 words
    • 444 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 sq
      444 words
    • 137 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 MAS
      137 words
    • 284 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 Tomlinson
      284 words
    • 772 3  -  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 a
      772 words
    • 637 5  -  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 price
      637 words
    • COMPANYBriefs
      • 77 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 Trans
        Reuters  -  77 words
      • 62 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 of
        62 words
      • 41 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
      • 35 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
    • 209 5  -  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 a
      SIEW YAW HOONG  -  209 words
    • 340 5  -  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' unit
      340 words
    • 4829 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 2.122
      4,829 words

  • SINGAPORE markets
    • 206 4  -  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. Yet
      206 words
    • 461 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 36,892,760
      461 words
    • 563 4  -  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 to
      563 words
    • 228 4  -  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 at
      228 words
    • 133 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
    • 358 4  -  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 and
      Source: Reuters  -  358 words
  • Page 4 Advertisements
    • 717 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 304
      717 words
    • 294 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 THAT
      294 words
    • 22 4 Looking for a forum to talk stocks? Chatline is the place to be Find us at httpv/iol.dbs corn sg/ 88 DBS BANK
      22 words


  • SINGAPORE news
    • 419 6  -  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 seven
      CHRIS LOH  -  419 words
    • 132 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. Both
      132 words
    • 219 6  -  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
    • 159 6  -  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 market
      159 words
    • 615 6  -  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 on
      Source: Dept of Statistics  -  615 words
    • 369 6  -  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 on
      369 words
    • 358 6  -  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-commerce
      358 words
    • 281 6  -  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 the
      281 words
    • 241 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
    • 179 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 and
      179 words

  • eNews
    • 305 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 article
      Reuters,; Bloomberg,; AFX-Asia  -  305 words
    • eBriefs
      • 113 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
      • 110 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 top
        Bloomberg  -  110 words
      • 75 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
      • 91 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 billion
        Reuters  -  91 words
      • 90 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 created
        Bloomberg  -  90 words
    • 391 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 this
      Reuters  -  391 words
    • 379 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 stock
      Reuters; AP/XINHUA  -  379 words
    • 345 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 before
      Bloomberg; Source: Bloomberg  -  345 words
    • 429 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
  • Page 7 Advertisements

  • REGIONAL news
    • 470 8  -  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 stumbling
      470 words
    • 353 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 of
      Reuters; AFP; AP  -  353 words
    • 425 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 31
      Bloomberg  -  425 words
    • 401 8  -  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. At
      401 words
    • 115 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 end
      Reuters  -  115 words
    • MARKET moves
      • 121 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 financial
        121 words
      • 43 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
      • 54 8  -  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 any
        54 words
    • 607 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 billion
      Reuters  -  607 words
    • 305 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 minority
      AFP-Reuter  -  305 words
    • NOTEBook
      • 89 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) fails
        AFX-Asia  -  89 words
      • 54 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
      • 43 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. —Reuters
        Reuters  -  43 words
      • 64 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, 1,061
        AFX-Asia  -  64 words
      • 66 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 the
        Reuters  -  66 words
      • 34 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.—Reuters
        Reuters  -  34 words
    • 199 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
    • 755 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 A
      Reuters  -  755 words
    • 228 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 for
      AFP  -  228 words
    • 57 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's
      AP  -  57 words
    • 504 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 to
      Reuters  -  504 words
    • 213 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
  • Page 8 Advertisements
    • 400 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 Recruit
      400 words
    • 75 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 in
      75 words


  • WORLD news
    • 355 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 in
      Reuters; FILE PHOTO  -  355 words
    • 559 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 a
      Reuters  -  559 words
    • 349 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 Finance
      AFP,; Reuters  -  349 words
    • 292 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 Summers
      Bloomberg  -  292 words
    • 631 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 been
      NYT; AP  -  631 words
    • 259 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 had
      AP  -  259 words
    • 667 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, dragging
      LAT-WP,; NYT  -  667 words
    • Article, Illustration
      236 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 total
      236 words
    • 411 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 amid
      FT  -  411 words
    • 555 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
  • Page 10 Advertisements
    • 107 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, Leather
      107 words


  • FINANCE & commodities
    • 244 12  -  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 in
      244 words
    • 276 12  -  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 on
      276 words
    • 146 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 U5522.95
      AFP  -  146 words
    • 321 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 fragile
      Reuters  -  321 words
    • Article, Illustration
      1240 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 1138
      1,240 words
    • 1798 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 69.00
      1,798 words

  • STOCKS east asia
    • 2848 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 key
      AFP  -  2,848 words
    • 1966 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 the
      AFP  -  1,966 words
    • Article, Illustration
      1000 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 plunged
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,000 words
    • 349 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 particularly
      AFP  -  349 words
  • Page 13 Advertisements
    • 65 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 t
      65 words

  • STOCKS klse
    • 436 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 points
      AFP  -  436 words
    • 8833 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 2900
      8,833 words
  • Page 14 Advertisements

  • SGX clob & regional stocks
    • 3125 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 300
      3,125 words
    • 244 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 DaowooCorp
      AFP  -  244 words
    • 278 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 *h
      AFP  -  278 words
    • 268 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 AlrNZA
      AFP  -  268 words
    • 549 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 the
      AFP  -  549 words
    • Article, Illustration
      678 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 selling
      AFP  -  678 words
  • Page 15 Advertisements

  • 7839 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 -2 210 135 133
    7,839 words
  • Page 16 Advertisements

  • Page 17 Advertisements
    • 240 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
    • 27 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 an
      27 words
    • 61 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 Abalone
      61 words
    • 28 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
    • 65 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 mm
      65 words
  • Page 17 Miscellaneous
    • 845 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 Antara
      845 words
    • 258 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 is
      258 words

  • TheArts
    • Article, Illustration
      1214 18  -  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, and
      1,214 words
    • 429 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 Fort
      Felicia Yap  -  429 words
    • 1069 19  -  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 Troupe
      1,069 words
    • 531 19  -  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 the
      CHRIS LOH  -  531 words
    • Article, Illustration
      1592 20  -  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
    • Article, Illustration
      152 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 nude
      152 words
    • 13th SINGAPORE INTERNATIONAL FILM FESTIVAL
      • Article, Illustration
        992 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 torments
        992 words
      • 714 21  -  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 greater
        714 words
      • 573 21  -  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 the
        573 words
      • 454 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 tends
        454 words
    • 1001 22  -  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 the
      PHOTOS BY ARTHUR LEE  -  1,001 words
    • 1431 22  -  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 Print
      CHRIS LOH  -  1,431 words
  • Page 18 Advertisements
    • 88 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 MasterCard
      88 words

  • Page 19 Advertisements
    • 25 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
    • 89 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: The
      89 words

  • Page 20 Advertisements
    • 62 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. Probably
      62 words