The Business Times, 3 June 2000
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2000-06-03
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The Business Times
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Title Section13 2000-06-03 1 THE BUSINESS TIMES wjwmm 85® SINGAPORE Internet: http://business-times.asial .com.sg/ SATURDAY, JUNE 3, 200013 words
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Article59 2000-06-03 1 mmm U MUI4O (+73.14) wmm-w UmK (+28.62) fISOBCIFimJIES U 26L40 (+7.70) Friday Change HSBootfp ma -lis NIKKEI M£WjM +1(6.74 HAMUSENQ 16,284.10 +***** SETCTDEX S3U8 >11.68 JAKARTA COUP —444.4 -»M MANILA COUP _tfll» +4122 tAflPQWH MHL« +4182 shouloomp —mm mi CLSACHDtAB—USUI +1413 AU8TALLORD __1MU +48i ilMm EST CJunge DOW59 words
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Article73 2000-06-03 1 FBBSXIATES U8S St 081 1.727 l(08t/3$perS) 1*8 1MB M»7 LtU DM. 1MB 19? YEN IK* 1MB HI MM 9.464 HK» 7.7M 0m BAHT MM M44 HJPiAH 8,481 0.9M* •S$ to 100 units FUME BATES SINGAPORE* 5.80 KUALA LUMPUR 7.t7 JAKARTA 3900 BANGKOK 9J9 MANILA 11.00 HONGKONG 8.50 TAIPEI 7.8473 words
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Article, Illustration1173 2000-06-03 1 Kalpana Rashiwala - Full-year supply of nearly 9,000 onits at higher end of target By Kalpana Rashiwala [SINGAPORE] The government yesterday sent a clear signal that it wanted a stable private housing market by announcing a surprisingly generous land sales programme for the second half-year. TheSource: - 1,173 words
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491 2000-06-03 1 Shoeb Kagda - Venture to awn, develop, operate Indon plantations From Shoeb Kagda in Jakarta TEMASEK Holdings, the Singapore government's investment arm, has entered Indonesia's lucrative crude palm oil market by teaming up with two leading palm oil companies. In a statement yesterday, Singapore-listed491 words
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Article, Illustration770 2000-06-03 1 Shoeb Kagda - Sjakril is alleged to havepeijnredinthe lUitk lUII fnf From Shoeb Kagda in Jakarta PRESSURE is mounting for Indonesia's central bank governor, Sjahril Sabirin, to step down amid allegations he committed perjury in the politically charged Bank Bali scandal last year.770 words
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Advertisement91 2000-06-03 1 DHHPB Top stortM Rigging probe underway, says SGX. Next Page SJMSCI index futures trading up. Hmxi Ex-Vickers director explains support for merger. Pg 3 Asia One IPO 1.7 times subscribed. Pg* Savings of as low as $10 attract no charge atSBS.*M NTUC Income shareholders to get 15% extra bonus. Pg91 words
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Advertisement76 2000-06-03 1 v n P A > w I 1 i I .1 ~r. /'V. ■> v V "A -?V'A I N s. l x i iff JSj -m n Your child is never too young for the arts. The artistic director behind the delightful tells BT how he connects with children.76 words
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NEXT page
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ON THE grapevine
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Article62 2000-06-03 2 TIME for some overdue perspective on the Internet business. Comparing the life sciences industry to the dotcom business, Economic Development Board chairman Philip Yeo told reporters after a press conference yesterday: "If you look at the priority of things, life sciences is more important than the dot, dot, dot62 words
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Article98 2000-06-03 2 FOR the sartorially-challenged, the dress-down culture which is invading the local financial industry is proving quite a challenge, it seems. One bank thought it had removed much of the guesswork by issuing clear guidelines for dress-down days which included "tailored pants, no bermudas, no holes, nothing scanty and no98 words
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Article112 2000-06-03 2 MALAYSIAN-LISTED Man Yau Holdings is so poor that it cannot afford permanent support staff. "Please be informed that due to financial distress faced by the company and the group, there is no permanent support staff to oversee the daily administration and management of the company and the112 words
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398 2000-06-03 2 Ven Sreenivasan - STI, MSCI component stocks saw erratic trading only minutes before Wed's closing bell By Ven Sreenivasan [SINGAPORE] A probe is underway to determine if there was concerted index rigging in the stock market minutes before trading closed on Wednesday. Confirming a BT report on398 words
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Article, Illustration466 2000-06-03 2 Siow Li Sen - Strong growth augurs well for STI futures contract launch, say futures players By Siow Li Sen [SINGAPORE] While punters have retreated from the stock market to lick their wounds from the bear mauling, trading of the Singapore index futures contract has stepped up, because shortingFILE PHOTO - 466 words
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Article, Illustration493 2000-06-03 2 Andrea Tan - Marina South site will yield LSmsq ft of gross floor space By Andrea Tan [SINGAPORE] It attracted no bidders when launched three years ago, but the largest-ev-er site in the New Downtown can now expect much better response when it is493 words
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Page 2 Advertisements
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Advertisement19 2000-06-03 2 72 MUSICAL INSTRUMENT JSS y J Keep in tune with noteworthy buys here. p[ CATS. The Straits Times Classified19 words
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SINGAPORE companies
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Article, Illustration460 2000-06-03 3 Conrad Raj - David Ban says directors were under pressure to make a merger announcement Byi Conrad Raj FORMER Vickers Ballas Holdings director David Ban has broken his silence to explain his role in the controversy over the firm's proposed merger with fellow stockbroker GK Goh. Despite460 words
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Article, Illustration470 2000-06-03 3 Andrew Wee - Company to continne to expand its overseas operations By Andrew Wee JIT Holdings' earnings rose 29.5 per cent to $27.2 million for the year ended March 31, 2000, up from $21 million. Revenue grew 57 per cent, "well above the industryARTHUR LEE - 470 words
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307 2000-06-03 3 Eugene Low - By Eugene Low DESPITE a 9 per cent year-on-year dip in sales to 132.7 million, Jade Technologies' net profit rose 22.5 per cent to $3.2 million for the half year ended April 1. Sesdaq-listed Jade said lower interest cost and depreciation, as well307 words
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753 2000-06-03 3 r sivanithy - shock iBBPUum r sivanithy WHAT price independent financial advice these days? Not much, if you happen to be a Times Publishing shareholder, since the advice given by independent financial adviser (IFA) Rothschilds not to accept F&N's takeover offer was ignored.753 words
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Article339 2000-06-03 3 SPH Asia One Ltd's public offer drew a subscription of 1.7 times when it closed on Thursday. Its placement tranche did better with applicants seeking three times the number of shares available. Asia One, the Internet arm of Singapore Press Holdings, had offered a total339 words
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362 2000-06-03 6 Kenneth Lee - S'pore Building Society says its move not directed at any bank in particular By Kenneth Lee THE Singapore Building Society has launched a campaign that should interest disgruntled depositors offended by DBS Bank's move to charge small depositors. Its362 words
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Article, Illustration131 2000-06-03 6 Bloomberg DBS Group Holdings, Singapore's largest bank, said it will shut about 24 more branches this year as it finishes streamlining operations following its acquisition of POSBank. DBS Group has closed 44 branches in Singapore this year, 40 of which were POSBank outlets, said ChuckBloomberg - 131 words
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COMPANY Briefs
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83 2000-06-03 6 Bloomberg COSCO Investment (Singapore),la unit of China's shipping company, said it expects annual profit to rise k five times this year as freight rates improve. The company, which is owned by China Ocean Shipping (Group) Co, earned profits of $815,000 on revenueBloomberg - 83 words
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81 2000-06-03 6 Reuters PROPERTY developer Wing Tai Holdings said yesterday it has proposed a $250 million medium-term note programme to fund its working capital needs and investments in Singapore. The company said in a statement that Citicorp Investment Bank (Singapore) and The Hongkong and Shanghai BankingReuters - 81 words
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60 2000-06-03 6 AFX-Asia HAI Sun Hup Group said it signed an agreement to acquire the Sheraton Sydney Airport Hotel and Airport Central Tower for A|92 million (Ss9o million). The deal was done through its wholly-owned unit, Ovenard Trust The 314-room hotel will be operated byAFX-Asia - 60 words
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Article95 2000-06-03 6 Reuters [LONDON] Jardine Matheson Holdings h*a forecast strong first-half earnings despite continuing rHfflm fries at its Dairy Farm and Jardine Motors arms. "The overall result for the first half to June 30 should show a strong growth in earnings," chairman Henry Keswick told the annualReuters - 95 words
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514 2000-06-03 6 Institutional investors held U*****.44b worth of stocks, np from U*****.64b in April Reuters GLOBAL institutional holdings of Asian stocks were higher at the end of May compared with the prior month, showing a gain of 34.36 per cent to U*****.44Reuters - 514 words
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Article4344 2000-06-03 6 •WaarM IH M»w<l Mar27 P 2JH 448 Oil UO TV LV TV LY MOL Mar 27 P (59.072 *****1 TT4 SOL CT a— (SmQ (ato) mi MaOal Mar 90 P MM ***** 144 UL AC( Dynamics Mar 23 P &m am &90 aw OMmKmw Mar 314,344 words
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Page 3 Advertisements
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Advertisement183 2000-06-03 3 bfgono&ii iy.) 'NOW I KNOW HOW INCREDIBLE IT FEELS TO HIT A PERFECT SHOT. Chris Newton -18 Handicap (t J "We make our clubs so you can get the wonderful sensation of hitting a golf ball...perfectly." Ben Hogan New from Ben Hogan. Apex Plus™ irons. Forged 1030 carbon steel for183 words
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SINGAPORE markets
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Article, Illustration193 2000-06-03 4 R Sivanithy - WARRANT WATCH By R Sivanithy ALL the covered warrants featured in this column over the past week have done well, thanks mainly to the sharp rebound over the past couple of days. Specifically, yesterday's rebound was led by the banks. But since193 words
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Article304 2000-06-03 4 Stocks Voksna QESIntf Ltd20c..— 37,221,000 MediartnQlOc 24,716.000 Faatech US10c 20,636,000 KepTatLee Bk D6SCW00 13,784,000 Vk*WBCapM2Sc 12,832,000 NOL 12,638,000 CS5c 10,580,000 IPC020C 10,189,000 L&M50C 9,166,000 JurongTech 10c 8,188,000 i DBS Grp 77,794.329 Chart Semiconductor 26c 71,706,836 QES Wl Ltd 20c 58,664,060 SPH.... 52,064,816 SiA 38,115,992 N*E)ec10c 34,091,701 PsefllcCentury 32,488.033 Ventu«Mfg25c 28,969,417304 words
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Article, Illustration541 2000-06-03 4 r. sivanithy - STOCKS r.sivanithy NASDAQ'S 5 per cent rebound on Thursday lifted the Straits Times Index further away from the threshold 1,800 level yesterday, breaking through the 1,900 barrier in a fairly convincing manner. All the major blue chips rose sharply, thanks to541 words
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Article, Illustration261 2000-06-03 4 Wong Wei Kong - HOT STOCK By Wong Wei Kong THE share price of electronics manufacturer PCI Ltd recovered sharply yesterday, with the stock finishing among the most actively traded issues of the session. PCI shares rose 11.5 cents or 13 per cent to 99 cents. The stock opened261 words
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Article90 2000-06-03 4 ♦POH Lian Holdings: Bonus Issue of 130,960,440 new ordinary shares on tbe basis of one bonus share for every two existing shares held. Ex-date is on June 29. Last day for buying-in on a cum basis is on July 4. ♦ASJ Holdings: Bonus Issue erf 45,633,427 new ordinary90 words
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Article, Illustration303 2000-06-03 4 larry wee - HII.I.UI.IIJLII CURRENCIES larry wee RUMOURS of Indonesian capital controls continued to hold Asian currency markets in suspense yesterday, but not too many players feel anything drastic would happen over the weekend. That said, they also reported that a market quite overbought ofSource: - 303 words
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Advertisement257 2000-06-03 4 <40 000 Tr Wr Jf co u is: e- The Henley Management College, together with British Telecom and The Business Times, is offering one BT reader a place on the Henley Executive Development Programme. The 540.000 three-week residential course at the UK college runs from Sept 11 to 29. The257 words
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Advertisement48 2000-06-03 4 YOU CAN NOW PUT YOUR CPF SAVINGS IN EICHT. important All applications for units in eight must 0e made on the application forms accompanying the prospectus investors must read the prospectus The value of the units and the income from them may fall as weiiasnse >I<l H '.s-' >48 words
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Advertisement57 2000-06-03 5 Jr Jt u><**'U -l6>i* ili*.Vi 1;-> vtoiCW I fe js; V V* 1 Breaking good news! From this weekend, fortune will be really smiling on job seekers. Sunday RECRUIT kicks off on June 4, bringing you a feast of career options and opportunities, on top of the usual Saturday RECRUIT57 words
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SINGAPORE news
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Article, Illustration382 2000-06-03 7 Ling Su Ann - Its annual life premiums rose 77% in first three months of this year, single premium sides grew 437% while general premiums jumped 80% By Ling Su Ann SHAREHOLDERS of NTUC Income Insurance Cooperative will get a bonus of up to IS perFILE PHOTO - 382 words
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Article, Illustration355 2000-06-03 7 Eugene Low - Tie-up with Chiren will work on cancer, infectious By Eugene Low THE Economic Development Board (EDB), through its Pharmßio Growth Fund, has invested US$3O million (SISI.B million) to form Singapore's first biotechnology research company with USbased pharmaceutical firm Chiron Corp. The joint venture,355 words
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174 2000-06-03 7 Margaret Kwok - Margaret Kwok I REFER to the article "A war waiting to break out" (BT, May 30) and find it a little incredulous that developers are out of ideas to attract buyers. Developers will fight shy of a price war. Why? It is a war. Win174 words
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314 2000-06-03 7 Kenneth Lee - By Kenneth Lee NTUC Income Insurance Cooperative Ltd has taken a 15 per cent stake worth (300,000 in Juzclickcar.com.Bg, Singapore Technologies Kinetic's online certified used car bidding system. It is expected to develop the site, launched in February this year,314 words
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183 2000-06-03 7 BROADCASTASIA2OOO, Asia's largest and most important broadcasting event, will be held at the Singapore Expo in Changi from Tuesday to Friday. More than 10,000 visitors are expected to attend the show, which has about 200 local and overseas participating companies. The Singapore Broadcasting183 words
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Article, Illustration447 2000-06-03 7 t Jane Cheong - Survey also shows increase in mean monthly household income By t Jane Cheong BUOYED by an increase in the standard of living over the past few years, more and more Singaporeans are living in bigger HDB flats than before. According to the HousingFILE PHOTO - 447 words
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Article, Illustration636 2000-06-03 7 Anna Teo - By Anna Teo ONLY In recent weeks, it seems, have local analysts sat up and taken note of the global shortage of electronics components, presumably after Nat Steel Electronics called attention to the problem in a profit warning on May 16. They636 words
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229 2000-06-03 7 THE Singapore Productivity and Standards Board (PSB) will be leading two business matching missions to Europe and Japan in the next two months. The missions are the latest under its Bus inessConnect programme, which helps local enterprises seek out potential229 words
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Advertisement24 2000-06-03 7 Youcwf-fimou9atbtttitßrQ9ph.com.9gorfax U9 at *****71, or matt your httf to: The Buttne— 71mm, Tkmt House, 390KknSmtg Romd,Stngepore*****6. Pleeee give your full edcifwee and telephone number.24 words
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eNews
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543 2000-06-03 8 TORONTO 'Spoofing of e-mail account heralds start of international domain n«»m> laundering Reuters CYBERSPACE hijackers have stolen the Internet domain name Web.net, a hosting site for 700 charities, from its Canadian owners, exposing yet another of the Internet's security flawsReuters - 543 words
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Article, Illustration83 2000-06-03 8 [ATLANTA] CNN founder Ted Turner and America Online chairman Steve Case are seen at a luncheon meeting during part of the CNN 20-year Anniversary Convention on Thursday in Atlanta. Mr Case, who will become chairman of the merged companies, said he and Mr Turner would be "friedAP - 83 words
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256 2000-06-03 8 HOUSTON Enrononline's ran site, set up in Nov, is world's biggest e-commerce site Bloomberg ENRON Corp, the world's largest energy trader, said the Internet business it formed in November has handled US$5O billion (*****.9 billion) in transactions, making it the world's largestBloomberg - 256 words
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361 2000-06-03 8 NEW YORK Reuters INTERNET auction company eßay Inc and the cyberauction world in general may be facing a deeper problem than lone self-bidders the prospect of rings of shill bidders acting as partners the New York Times reported yesterday. Shill bidding is theReuters - 361 words
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205 2000-06-03 8 ARMONK, New York Bloomberg INTERNATIONAL Business Machines Corp is teaming up with eight firms to create Web sites offering travel, banking and e-mail services that can be tapped into with cellular phones and other wireless devices. IBM, the No 1 computer maker,Bloomberg - 205 words
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135 2000-06-03 8 NEW YORK Bloomberg YAHOO Inc convinced a federal judge to lift a temporary restraining order barring the No 1 Internet portal from blocking the e-mail account of a subscriber who refused to provide his credit card number. At a hearing on Thursday, US District JudgeBloomberg - 135 words
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395 2000-06-03 8 HONGKONG Reuters THE world's music industry could triple its profits if it abandoned its technophobia and embraced the Internet, industry leaders said yesterday. But new regulations were needed to ensure piracy did not erode those potentially massive increases in returns, they toldReuters - 395 words
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353 2000-06-03 8 LONDON US e-retailer intends tomakebooxom ultimate global fashion portal AFP BOO.COM, the high-profile clothing e-retailer which entered Internet history last month as the first major British dotcom collapse, has been bought by US portal Fashionmall.com, the US site said yesterday. In an interview with AFX News,AFP - 353 words
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eBriefs
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Article66 2000-06-03 8 AFP [TOKYO] Japanese computer giant Fujitsu Ltd said yesterday that it would team up with gasolins station operator Idemiteu Co Ltd to oAr auto-related information online. The two companies will lbrm a joint venture and set up an Internet Web site where customers can get informationAFP - 66 words
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Article55 2000-06-03 8 Reuters [CLINTON, Inceaid onjlmriday its lacklustre share price rebound once regulatory concerns about ifgpending acqiitattionofSprtnt Corp are resolved. "Once the Sprint issue is over, the stock will take care of itself." World Com CEO Bernießbbers told Reuters before the long-distance telephone company's annual shareholder meeting here,Reuters - 55 words
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78 2000-06-03 8 Bloomberg [HONGKONGI Techtronic Industries Co, the world's largest maker of cordless home power tools, aaid yesterday that it would buy the power-tool business of Japan's RyobiLtd for shout US$B6 million (SUM million), expanding its share of the US market Ryobi. which also makes printingBloomberg - 78 words
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Article66 2000-06-03 8 Bloomberg [BEVKftLY HILLS. California] Hilton Hotala Corp and V Purchase Pro.com Inc have agreed to create an Internet exchange where Hilton wffl spendaa much as U3IL6 billion (552.6 billion) annually buying supplies for its more than 1300 hotels. The site will link hotels inBloomberg - 66 words
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Advertisement11 2000-06-03 8 Mlinhr Tinhin Another financial crisis looming up in South Korea? iMM?11 words
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REGIONAL news
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623 2000-06-03 9 SINGAPORE Sentiment in the markets, with their focus on US May jobs data, is cautious Reuters Bloomberg ASIAN markets ended the week in brighter spirits, heartened by gains in US stocks and hopes the Federal Reserve may be reaching the end ofReuters; Bloomberg - 623 words
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222 2000-06-03 9 JAKARTA Bloomberg INDONESIAN inflation accelerated in May, led by higher electricity and transportation costs, and the government said the weakening rupiah will drive consumer prices up further this year. Prices rose 0.8 per cent from a month earlier, faster than April's 0.6 per centBloomberg - 222 words
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MARKET moves
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Article82 2000-06-03 9 MOHD Khir Abdul Rahman—the new chief executive officer of Telekom Malaysia—will meet the press on Monday afternoon but investors are not expected to be too excited about its shares, which eased 20 sen to RM 13.40 yesterday. The shares are perceived to be fairly valued at this juncture82 words
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Article137 2000-06-03 9 RESORTS World succumbed to selling pressure yesterday, easing 30 sen to RM11.30, after a short-lived recovery. The counter has fallen by over 20 per cent following its move to gear up for the first time to help finance associate Star Cruises' expansion. The fall has prompted137 words
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Article82 2000-06-03 9 Eddie Toh - Compiled bj Eddie Toh JERASIA Capital, which has taken over the listing status of troubled MCL Corporation, jumped RM2.10 to RM3.10 on its trading debut yesterday. MCL has been delisted Traders said the counter may rise further due to a high trading limit ofsoo per82 words
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Article316 2000-06-03 9 KUALA LUMPUR Rumours send KL stocks down another L 5% Reuters MALAYSIAN Finance Minister Daim Zainuddin has not resigned, an aide said yesterday, dismissing fresh rumours in business and diplomatic circles that the powerful minister had quit. "They can say what they want," theReuters - 316 words
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Article, Illustration308 2000-06-03 9 JAKARTA AFP A SACKED Indonesian official implicated in a multi-million dollar embezzlement scandal said yesterday President Abdurrahman Wahid asked for the funds to finance humanitarian projects In Aceh province. Sapuan, the former deputy chief of the state logistics agency (Bulog), said MrAFP; REUTERS - 308 words
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274 2000-06-03 9 HONGKONG Reuters STAR TV, a unit of Rupert Murdoch's News Corp, and Cable and Wireless HKT have terminated their plans for a pay TV and Internet joint venture. "We have come to a mutual and amicable decision to part ways,"Reuters - 274 words
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Article331 2000-06-03 9 HSINCHU, Taiwan Bloomberg TAIWAN Semiconductor Manufacturing Co (TSMC), Taiwan's largest computer chipmaker, raised US$B22 million (511.4 billion) in a long-awaited international share sale that underscored its ability to command premium share prices even amid less-than-ideal market conditions. TSMC, which already has American depositary receipts listedBloomberg - 331 words
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186 2000-06-03 9 KUALA LUMPUR Reuters MALAYSIA'S diversified Berjaya Group yesterday said it bought a controlling 55 per cent stake in an e-commerce company which would serve as a business-to-bus iness hub for the group's activities. The stake in My2o2o.com Sdn Bhd was bought for RMI23Reuters - 186 words
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695 2000-06-03 10 Macabe Keliher - Anti-corruption unit set np to fight entrenched rot in public life From Macabe Keliher in Taipei TAIWAN has a new sheriff and he is planning to crack down on the country's rampant corruption and waste, which reportedly costs the government an estimated NT$5OO billion695 words
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Article, Illustration512 2000-06-03 10 WASHINGTON Growth of five nations could be hit, says World Bank Bloomberg HIGH government and company debt could scare off investors and crimp economic growth in the five Asian countries whose economies collapsed in 1997 and 1996, according to the World Bank. The Malaysian,Bloomberg; REUTERS - 512 words
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337 2000-06-03 10 BEIJING Consumer price slide expected to end, export growth to continue Bloomberg CHINA'S economy will grow faster than earlier forecast this year as consumer prices stop sliding and exports continue to grow, a Chinese government official said. The economy is onBloomberg - 337 words
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299 2000-06-03 10 BANGKOK Reuters GLOBAL manufacturers of computer disk drives and components in Thailand are teaming up to make it the hub for drive parts and components in Asia, the head of a Thai industry body said yesterday. Pornchai Piemsomboon, chairman of the ThailandReuters - 299 words
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NOTE Book
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Article83 2000-06-03 10 Bloomberg [HONGKONG] New World Development Ltd said it will pursue legal action over statements made by Davnet Ltd of Australia, which on Thursday scrapped talks to buy three-quarters of New World's telephone unit Hong Kong's No 4 developer denied Melbourne-based Davnet's claims that theBloomberg - 83 words
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112 2000-06-03 10 Bloomberg [HONGKONG] Pacific Century CyberWorks Ltd said one of its subsidiaries is in talks with China Telecom Group. (Hong Kong) Ltd, parent of Hongkong-listed China Telecom (Hong Kong) Ltd, about a possible alliance. An announcement is expected soon, said CyberWorks spokeswoman Rebecca Leung. "One ofBloomberg - 112 words
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70 2000-06-03 10 Bloomberg [HONGKONG] The Hong Kong Association ofßanks (HKAB) left benchmark short-term savings deposit rates unchanged at 4.75 percent, indicating that Hongkong hanks will probably hold their prime lending rates steady as well. HKAB meets every Friday to set Interest rates on current accounts and someBloomberg - 70 words
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99 2000-06-03 10 AFX-Asia [MANILA] The group of TLC Beatrice LLC president Loida Nicholas Lewis and Templeton Asset Management has been prequalifled to Join the bidding for 80 per cent of Philippine National Bank, Finance department sources said. The group's prequaliflcation, however, is subject to the condition that they discloseAFX-Asia - 99 words
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97 2000-06-03 10 AFP [NEW DELHI] India's trade deficit more than doubled in April from a year earlier due to spiralling oil imports, the commerce ministry said on Thursday. The deficit jumped by 112 per cent to US$l.l billion (Ssl.9 billion) from U*****.54 million in the sameAFP - 97 words
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Advertisement14 2000-06-03 9 Buy It Sell It Find It Classified. Call Today For Results Tomorrow 1800-737-1166 CATS.14 words
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Advertisement39 2000-06-03 9 i-iiktMMuki- MIWMIIBM INVEST OFFSHORE Hilff^BnETtliM SB www.united-bank.net ÜBL Services Ltd tel -•■423 230 0202 fax +423 230 0708 KIILM Min EUR 25.000 or equivalent Deposit rate* linked to base rates. Rates correct at preaa time. Notmmtob* in aome jurtmOcbor*.39 words
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Advertisement975 2000-06-03 10 0X771 AjtfiKWflt&H] KlLi TIBS HOLDINGS LTD (Incorporated In the Republic of Singapore) vJinuttimoo oJ Notice of Annuel Generel Meeting TmXSSL ggq*MNta«nm HOUMNGS LTD will be held at the Taurus Room, Ground Floor, Marina Mandarin Hotel, Raffles Boulevard, Marina Square, Singapore *****4 on the 24th day of June 2000, at 10975 words
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WORLD news
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Article, Illustration677 2000-06-03 11 WASHINGTON Jobless rate rises to 4J% in Kay; data helps lift interest rate hike worries Reuters Bloomberg THE red-hot US job market cooled off In May as the unemployment rate rose and private-9ector hiring stalled, the government said yesterday in a report thatReuters; Bloomberg; AP - 677 words
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582 2000-06-03 11 WASHINGTON Reuters Bloomberg CENTRAL bankers on Thursday indicated that they were not done raising US interest rates, saying there were still signs that demand for goods and services was outpacing supply in the US economy. In separate appearances throughout the country.Reuters; Bloomberg - 582 words
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340 2000-06-03 11 NEW YORK Bloomberg SOROS Fund Management chief executive Duncan Hennes resigned, the third top executive to leave the world's biggest hedge fund group in the past six weeks. Mr Hennes' resignation, coming so soon after the departures of top money managers Stanley Druckenmiller andBloomberg - 340 words
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333 2000-06-03 11 NEW YORK The US bookstore is set to be valued at USs2b, given its US$l J3b market cap Bloomberg BUYOUT firms Bain Capital Inc, Apollo Management LP and Blackstone Group LP are considering making separate bids for Borders Group Inc,Bloomberg - 333 words
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WORLD Watch
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71 2000-06-03 11 Reuters (WASHINGTON) The US Export Import Bank said on Thursday it plans to form an alliance with Citigroup Inc CN, the first ever such partnership with a private business in its 65 years of operation, under which fi Citigroup would make financing available toReuters - 71 words
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42 2000-06-03 11 AFX-Asia (TOKYO] Takashimaya Co Ltd will reduced subsidiaries from GO to 12 in key areas such as retailing, real estate and services over the next thro*to four years, the Nlhon Keizal newspaper cited company sources asAFX-Asia - 42 words
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Article18 2000-06-03 11 Bloomberg with US BKaEssassasssr wealthiest clients. San Francisco-based Schwab said US assets toten^U^^mi^^aU^rch3L-Bloomberg - 18 words
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82 2000-06-03 11 Reuters [HONGKONG] Hongkong Internet Arm e-New Media Co Ltd said yesterday it had joined hands with US-based Brilliant Digital Entertainment Inc to set up a multimedia production facility in Singapore which would start business in August. The 50-50 joint venture facility which cost US$2Reuters - 82 words
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72 2000-06-03 11 AFP {SOFIA) International media magnate Rupert Murdoch used Aster lx cartoons on Thursday to launch broadcasting by the first private television network In Bulgaria. Bulgarian authorities gave Mr Murdoch's IJ Balkan News Corporation the green light on Jan 20 to create the first private TVAFP - 72 words
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86 2000-06-03 11 Bloomberg [TOKYOj Japan Energy Corp, Japan's flfth-biggest oil company, is in talks with Nippon Mining Metals Co, the country's biggest copper refiner, to merge under a holding company, the two companies said in separate press releases. Hie talks are preliminary and if successful wouldBloomberg - 86 words
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Article, Illustration498 2000-06-03 11 ST PAUL, Minnesota Bloomberg AMR Corp's American Airlines and Northwest Airlines Corp are in talks to merge, a television station reported yesterday, citing "wellplaced sources". Spokesmen for the two companies declined to comment. According to KSTP TV here, AMR's chairman and chiefBloomberg; FILE PHOTO - 498 words
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Article, Illustration530 2000-06-03 12 TOKYO LDPs ruling coalition will lose seats but retain power, say analysts AFP JAPANESE Prime Minister Yoshiro Mori, betting that concern over the fragile economy will override his plunging popularity, dissolved Parliament yesterday for elections on June 25. "The House ofAFP; REUTERS - 530 words
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293 2000-06-03 12 LOS ANGELES Reuters NIKE Inc launched a major offensive on Thursday against critics who charge it with poor labour practices by posting details on its Web site from the inspections of some of its 700 factories worldwide. While the Beaverton, Ore-gon-based athletic shoeReuters - 293 words
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Article, Illustration537 2000-06-03 12 WASHINGTON This will jive Justice Dept time to reply to software giant's proposal AP THE federal judge trying the Microsoft anti-trust case unexpectedly agreed to delay his final ruling for about a week on Thursday, giving the Justice Department timeAP - 537 words
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Page 12 Advertisements
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Advertisement1556 2000-06-03 12 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 HO BEE INVESTMENT LTD NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Twelfth Annual General Meeting of the Company will be held at 2 Soon Wing Road #06-06 Soon Wing Industrial Building Singapore *****3 on Wednesday,1,556 words
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Advertisement388 2000-06-03 12 In the MaWwc of The Companies Ad, Cap. 50 And In the Matter of EVERSHINE FLOWERS A GARDEN CENTRE PTE LTD (Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN THAT pureuont to Section 308 of the Companies Act, Cap. 50, a finol weeing of the Company388 words
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Advertisement101 2000-06-03 12 MATACO PTI LTD (M LIQUIDATION) (MEMBERS' VOLUNTARY WINOINGUP) nonet Of HMALimMtt NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act (Chapter 50), a Final General Meeting of the Members of the abovenamed company will be held at 112 Middle Road *07-03 Midland House Singapore *****0 on101 words
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FINANCE & commodities
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168 2000-06-03 13 Edward Cheung - SOX Derivatives Tnu/tingßeports Rhtgipnro TnAw Edward Cheung THE Singapore stock market posted its biggest gain in five months after a US report showed manufacturing growth slowing, raising optimism that the Federal Reserve is almost done raising interest rates. The Straits Times Index closed168 words
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299 2000-06-03 13 Chan Yet San - maiMinui Mm Chan Yet San THE Taiwan stock market closed up as the US market posted gains overnight. Dovish economic figures in the US have slightly eased concerns of another rate hike in June. The Taiwan Stock Exchange Weighted Price Index rose 40.82299 words
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Article266 2000-06-03 13 BMBBOTBBPOBT Reuters [LONDON] Jittery oil prices eased yesterday as Opec reiterated plans to adjust output to take the edge off a steamy market Benchmark Brent Blend crude futures for July delivery slipped 37 US cents to U5528.82 pear barrel, while US crude futures tradedReuters - 266 words
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Article335 2000-06-03 13 Reuters THE US dollar consolidated below two-week highs set earlier against the yen yesterday and stayed soft against the euro as the focus shifted to key US jobs data for further signs of whether the economy was cooling down. The US May unemployment and average earnings data wereReuters - 335 words
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Article, Illustration979 2000-06-03 13 DfTHRBUfK CK088 EATB8 a i* 1M9 p» wnwi im Wm m mm* Pm» w m «*tNo* m Mr* 0582 4741 &MQ 4002 L193 4454 *****4492 Oi22 MS 2.172 *****507 ***** 0.907 3JK7 4*0 *****223 0JH 0J72 Cnrta U74 ISM 4716 45* 1401 122* ***** 549* 0.730 7.550 2550 1468 *****979 words
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Article1151 2000-06-03 13 SIOOM FUTU11B8 Jun2 51io5 SiSo A«| 00 1*00 450 $•00 HMO 400 wjojwwct «**> mm, 0PM 55 W »ta«00 i- un wn a&" S8 fig Jg ft—jg 5$ dis mi SIS 3oo SS Oct/Dac 00 fiS (U0 HH 3000 ***** llSSHKXCWnttCTWwMkD Claw Mm Op* la n« u« s« (hh> rnmm1,151 words
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STOCKS east asia
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Article, Illustration2636 2000-06-03 14 HONGKONG AFP HflMgSeng 434H1 HONGKONG share prices surged 2.3 per cent yesterday on improved sentiment following strong overnight gains on Wall Street dealers said. The key Hang Seng Index gained ***** points to close at its fifth consecutive gain on turnoverAFP - 2,636 words
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1717 2000-06-03 14 TOKYO AFP QnWW +M 6.71 SHARE prices in Tokyo closed 0.6 per cent higher yesterday as strong gains in US shares encouraged investors to hunt bargains, brokers said. The Tokyo Stock Exchange's key Nikkei 22S Index rose 106.76 points to end at *****.06.AFP - 1,717 words
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Article, Illustration821 2000-06-03 14 AFP HShwrtwßMg *158 CHINA'S B shares closed higher yesterday, continuing a two-week surge powered by market rumours that the government will take steps to boost the hard currency markets, brokers said. Shenzhen's B Share Index ended 2J3 per cent or 258 up at 114.47 points as turnover surged toAFP - 821 words
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Article314 2000-06-03 14 AFP QWPlafax +41L82 TAIWAN share prices closed 0.46 per cent higher yesterday on buying In the technology sector sparked by Wall Street's overnight gains, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 40.82 points to 8,883.45, on turnover of NT5122.45 billion. "Sentiment was boosted by the Nasdaq'sAFP - 314 words
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Page 14 Advertisements
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Advertisement10 2000-06-03 14 master of cooking. Or one who just knows his carats,10 words
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STOCKS klse
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Article, Illustration282 2000-06-03 15 AFP Qj Composite Index -1228 MALAYSIAN shares closed 1.5 per cent lower yesterday on Institutional selling of blue chips and with most other investors sidelined, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended down 13.28 points at 891.25. The Second Board IndexAFP - 282 words
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Article6923 2000-06-03 15 Cmhmt prefects *000 Last V«| Day Nat Cap Ua Ctwpiay SM *h -OOP M» U» W W 420 310 20.7 ft» 158 79 An#aa« 79 -3 194 S3 79 8X5 ,512 -US. J^?i. 00dHN 474 -4 JO 480 470 nj 190.4 3325 2700 BAT SOC 3300 29 2196 3300 32796,923 words
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Page 15 Advertisements
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Advertisement16 2000-06-03 15 jj Your weekly guide to pubs and lounges every FHday in The New Paper Fastads T3St3OS16 words
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SGX clob & regional stocks
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Article2562 2000-06-03 16 BOMPS A WARRAMTS Wt Ml frm/ U J* KM m tor Uimm tat MCa u» «■> mm u» mm tmmm m *m- rmm l— Mr agt iw m» i%> u« 52 *25? tSSiS'SSJSis 195 2 220 5 *> i ioo 175 vw 13 59 7.5 > 3161 A*Ttch W*****7 182,562 words
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Article, Illustration737 2000-06-03 16 AFP HSETMn +11J8 THAI stocks rose 3.6 per cent yesterday in heavy trade, sparked by interest in banks, communications, and electronics, following strong gains on Wall Street overnight, dealers said. The Stock Exchange of Thailand (SET) Composite Index gained 11.68 points to finish at 339.28 and the select SETAFP - 737 words
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Article260 2000-06-03 16 AFP F1 Composite Index *4122 PHILIPPINE share prices closed 2.9 per cent higher yesterday as investors hunted for bargains amid a firmer local currency and sharp gains on Wall Street, dealers said. The Philippine Stock Exchange Composite Index rose 42.22 points to 1,512.75. *t- f— MKAMad OS1 0.01 310AFP - 260 words
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Article, Illustration616 2000-06-03 16 AFP pOnptßtahlg -luBB INDONESIAN share prices fell 22 per cent yesterday due to a sell-off of blue chips amid concern over a government plan to control capital flows and domestic political worries, dealers said. The Jakarta Stock Exchange Composite Index closed 9.88 points down at 444.45 on a volumeAFP - 616 words
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Article253 2000-06-03 16 AFP PIBBE-40 *3432 THE NZSE-40 Capital Index rose 34.22 points to 2,027.53 cm turnover worth NZ$B3 million. Mike Hare of Salomon Smith Barney said the sentiment of the New Zealand share market had been improving throughout the week. m cw» Advantaga MOS 101 0.t4 I9S AlrMZA LSI -002 63AFP - 253 words
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Article505 2000-06-03 16 AFP Hilfrfctriw *4&£ AUSTRALIAN share prices closed 1.5 per cent higher yesterday reflecting rises in Wall Street stocks and signs that interest rates may not have to rise much higher in the US, brokers said. The All Ordinaries Index rose 48.5 points to 3,096.3 while the newly-introduced SP ASXAFP - 505 words
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Article253 2000-06-03 16 AFP Q Composite Index >212 THE Korea Stock Exchange Composite Index closed up 22.2 points at 760.69. Volume came to 428.3 million shares worth 3.8 trillion won. —AFP tmt *fknmSM# >4000 TSO Brain T«dl WW 25 Central 1420 30 MCwm *****0 -2900 DaeGuBank 2280 280 DaatantCart 1820 20 P—8iAFP - 253 words
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Page 16 Advertisements
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Advertisement8 2000-06-03 16 -<& -rf«saO sßffi OB ,sa c 'SsOO& nnH OIL8 words
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Article6890 2000-06-03 17 SOXMAXMBOARD Transaction date: Jan 2 Or Or M Wt LMt Va( Day LaatOuata Dw CMv YW Mai Cm A>9 MN> U» WH> Ciaa«» 8aM COOP) HH> Lw SaMr Off P/l Mi Prtca IIH II—HI II i Uli' III III llllill Mil Ilium III! I MUl «l tot mc6,890 words
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Page 17 Advertisements
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Advertisement8 2000-06-03 17 Business Tools Just imagine life without them. NLMI.WIL8 words
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Page 18 Advertisements
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Advertisement291 2000-06-03 18 Where to wine, dine and (oi&a SSSStEKiS I Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: *23 (Adult), 40% discount (Child) IS* diKOU (9*o For reservations, please call 290 8005/299 9011. Prices subject lo tenia charge gort Uctes mciadmt GST291 words
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Advertisement44 2000-06-03 18 21 MAYTO 6 JUNE 2000-Jv ♦M Take home a selection from our variety of Shanghainese, Cantonese, Teochew and Nonya Dumplings this Dumpling Festival For enquiries and advance orders, please call Mandarin Deli: 831-6283/85 ®SiS 133 Orchard fcad Stfpa 2 ***** M: 737 4411 focTUUtl44 words
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Page 18 Miscellaneous
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Miscellaneous1071 2000-06-03 18 hhmm wuiuiuay uuiw g, tuw CUL^^SS^XFOI^D """"'turgi—Central §MHHI J^ y Keluangman. 1030 At Home With Mr Abd- H l2~~f R H —■BIT~I IT~I m E~l RrtA AM VIH. p. nt «i. W Vested Interest. 630 Temanku: Aligator dan ullah Tarmugi. (r) I I I H II II I T .A1,071 words
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The Arts
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Article, Illustration1151 2000-06-03 19 PARVATHI NAYAR - Children are never too young to appreciate the arts. Tony Graham of Unicorn Theatre speaks to fabyathx MiTAB in London about how he draws from his education and theatre backgrounds to make plays that are a stimulating experience for children PARVATHI NAYAR hildren arelittle people but1,151 words
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Article, Illustration1392 2000-06-03 20 AARON LYE - Sculpture Square offers an outlet for children to unleash their creativity, aarom lye makes his way among kids and grown-up artists at the carnival AARON LYE JjjHA T first glance, the narrow main hall of Sculpture Square seems an inappropriate *3 location to hold an opening ceremony,ARTHUR LEE - 1,392 words
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Article, Illustration1014 2000-06-03 20 Felicia Yap - INSPIRIT CROSSING By Felicia Yap PICTURE this: Wrapped snugly in a button blanket, you are crouched in front of a blazing Are feeling deliciously warm despite a howling cold wind. Recounting an ancient story of Mama Bear and her cubs, the hypnotic voice of a wizened1,014 words
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442 2000-06-03 20 P Y Van - SSO REVIEW By P Y Van WHAT better way to whet the appetite for more delicious musical entrees than to listen to a programme of concert favourites Beethoven's happy Symphony No 6 in F major, Op 68, "Pastoral" and Tchaikovsky's passionate Violin Concerto in442 words
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749 2000-06-03 20 Parvathi Nayar - I EMMAAWARDS By Parvathi Nayar NEGOTIATING London, I realised, is about experiencing cultural diversity, whether eating Greek mezzes in Covent Garden, viewing Indonesian artist Heri Dono's work in an exhibition on Sound Art at the Hayward Centre, or exchanging a greeting in749 words
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SINGAPORE ARTS FESTIVAL
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Article, Illustration827 2000-06-03 21 FELICIA YAP - A graceful mix of SILAT DANCE Internationally acclaimed choreographer Boi Sakti talks to felxgxa tap about the work he has conjured for the SDT and about his passion for dance FELICIA YAP 801 Sakti is definitely not your average sort. You might mistake him for a bohemian visual artist byPHOTOS BY CHRIS LOH - 827 words
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Article, Illustration962 2000-06-03 21 Joyce Koh - By Joyce Koh CHANDRALEKHA has received worldwide acclaim as a dancer, choreographer, even interpreter of life and energy. However what was most striking in conversation with her was a woman who seeks to portray her convictions through her work. She will, for the first tine, deliver her brand of contemporary962 words
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Article, Illustration1919 2000-06-03 22 M Yasotha - Compiled by M Yasotha MUSIC Singapore Symphony Orchestra Greeting Cards Series Irish-born pianist Barry Douglas will perform Piano Concerto No 2 by Rachmaninov. The last of five Greeting Cards to commermorate SSO's 20th anniversary, Feasting in the Woods by the doyen of Singapore composers Leong Yoon Pin gets1,919 words
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Article, Illustration202 2000-06-03 22 Aaron Lye - Bj Aaron Lye Bon Painted Stories, a series of new plays inspired by pointings by the most influential artists of the 30th century. Plot and Flayent Inspired by the works of Edward Hopper, Andy Warhol, Rene Margritte, Manet and Edgar Degas, and H R Giger, Painted Stories is a202 words
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Advertisement86 2000-06-03 19 H Unemployment Cover, your tfl! ifl If J^f f?a«SH^'fSWi3r r -.2 Hill w« ?*v so?:'.; -f';<&&■'■ -H■'• 8» iIKKI <'"' W J E|®|i Introducing Pru Mortgage, Singapore's first mortgage plan with Unemployment Cover For more information, contact your Prudential agent or call us at 1800-333 9 333. -*V' Alternatively, visit86 words
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Advertisement12 2000-06-03 19 Carnival of creativity, EL 2 More <m the Arts Festival, EL 312 words
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Page 21 Advertisements
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Advertisement127 2000-06-03 21 This week's prize 2 Leman 18k gold red lacquer ball In celebration of the Arts pens wo,th 5238 each 11 The tuglme fot Caran d Ache is Make Your Mark 1) True 2) F.ilsc TB m -a w a -m 2) What instrument does Leslie Tan of the T anq127 words
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