The Business Times, 3 June 2000

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Total Pages: 22
1 22 The Business Times
  • 13 1 THE BUSINESS TIMES wjwmm 85® SINGAPORE Internet: http://business-times.asial .com.sg/ SATURDAY, JUNE 3, 2000
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  • 59 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 DOW
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  • 73 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 7.84
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  • 1173 1  -  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. The
    Source:  -  1,173 words
  • 491 1  -  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-listed
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  • 770 1  -  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.
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  • Page 1 Advertisements
    • 91 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. Pg
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    • 76 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.
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  • NEXT page
    • ON THE grapevine
      • 62 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, dot
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      • 98 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 no
        98 words
      • 112 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 the
        112 words
    • 398 2  -  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 on
      398 words
    • 466 2  -  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 shorting
      FILE PHOTO  -  466 words
    • 493 2  -  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 is
      493 words
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  • SINGAPORE companies
    • 460 3  -  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. Despite
      460 words
    • 470 3  -  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 industry
      ARTHUR LEE  -  470 words
    • 307 3  -  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 well
      307 words
    • 753 3  -  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
    • 339 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 total
      339 words
    • 362 6  -  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. Its
      362 words
    • 131 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 Chuck
      Bloomberg  -  131 words
    • COMPANY Briefs
      • 83 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 revenue
        Bloomberg  -  83 words
      • 81 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 Banking
        Reuters  -  81 words
      • 60 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 by
        AFX-Asia  -  60 words
      • 95 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 annual
        Reuters  -  95 words
    • 514 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*****.44
      Reuters  -  514 words
    • 4344 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 31
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  • Page 3 Advertisements
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      183 words

  • SINGAPORE markets
    • 193 4  -  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 since
      193 words
    • 304 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 28,969,417
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    • 541 4  -  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 to
      541 words
    • 261 4  -  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 opened
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    • 90 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 ordinary
      90 words
    • 303 4  -  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 of
      Source:  -  303 words
  • Page 4 Advertisements
    • 257 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. The
      257 words
    • 48 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-' >
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  • Page 5 Advertisements
    • 57 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 RECRUIT
      57 words


  • SINGAPORE news
    • 382 7  -  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 per
      FILE PHOTO  -  382 words
    • 355 7  -  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
    • 174 7  -  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. Win
      174 words
    • 314 7  -  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
    • 183 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 Broadcasting
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    • 447 7  -  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 Housing
      FILE PHOTO  -  447 words
    • 636 7  -  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. They
      636 words
    • 229 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 potential
      229 words
  • Page 7 Advertisements
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  • eNews
    • 543 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 flaws
      Reuters  -  543 words
    • 83 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 "fried
      AP  -  83 words
    • 256 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 largest
      Bloomberg  -  256 words
    • 361 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 the
      Reuters  -  361 words
    • 205 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
    • 135 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 Judge
      Bloomberg  -  135 words
    • 395 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 told
      Reuters  -  395 words
    • 353 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
    • eBriefs
      • 66 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 information
        AFP  -  66 words
      • 55 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
      • 78 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 printing
        Bloomberg  -  78 words
      • 66 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 in
        Bloomberg  -  66 words
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  • REGIONAL news
    • 623 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 of
      Reuters; Bloomberg  -  623 words
    • 222 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 cent
      Bloomberg  -  222 words
    • MARKET moves
      • 82 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 juncture
        82 words
      • 137 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 prompted
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      • 82 9  -  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 per
        82 words
    • 316 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," the
      Reuters  -  316 words
    • 308 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 Mr
      AFP; REUTERS  -  308 words
    • 274 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
    • 331 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 listed
      Bloomberg  -  331 words
    • 186 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 RMI23
      Reuters  -  186 words
    • 695 10  -  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 billion
      695 words
    • 512 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
    • 337 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 on
      Bloomberg  -  337 words
    • 299 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 Thailand
      Reuters  -  299 words
    • NOTE Book
      • 83 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 the
        Bloomberg  -  83 words
      • 112 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 of
        Bloomberg  -  112 words
      • 70 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 some
        Bloomberg  -  70 words
      • 99 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 disclose
        AFX-Asia  -  99 words
      • 97 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 same
        AFP  -  97 words
  • Page 9 Advertisements
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    • 39 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*.
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  • Page 10 Advertisements
    • 975 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 10
      975 words

  • WORLD news
    • 677 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 that
      Reuters; Bloomberg; AP  -  677 words
    • 582 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
    • 340 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 and
      Bloomberg  -  340 words
    • 333 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
    • WORLD Watch
      • 71 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 to
        Reuters  -  71 words
      • 42 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 as
        AFX-Asia  -  42 words
      • 18 11 Bloomberg with US BKaEssassasssr wealthiest clients. San Francisco-based Schwab said US assets toten^U^^mi^^aU^rch3L-
        Bloomberg  -  18 words
      • 82 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$2
        Reuters  -  82 words
      • 72 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 TV
        AFP  -  72 words
      • 86 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 would
        Bloomberg  -  86 words
    • 498 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 chief
      Bloomberg; FILE PHOTO  -  498 words
    • 530 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 of
      AFP; REUTERS  -  530 words
    • 293 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 shoe
      Reuters  -  293 words
    • 537 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 time
      AP  -  537 words

  • Page 12 Advertisements
    • 1556 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
    • 388 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 Company
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    • 101 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 on
      101 words

  • FINANCE & commodities
    • 168 13  -  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 closed
      168 words
    • 299 13  -  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 40.82
      299 words
    • 266 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 traded
      Reuters  -  266 words
    • 335 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 were
      Reuters  -  335 words
    • Article, Illustration
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    • 1151 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> rnmm
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  • STOCKS east asia
    • 2636 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 turnover
      AFP  -  2,636 words
    • 1717 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
    • Article, Illustration
      821 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 to
      AFP  -  821 words
    • 314 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's
      AFP  -  314 words
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  • STOCKS klse
    • 282 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 Index
      AFP  -  282 words
    • 6923 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 3279
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  • SGX clob & regional stocks
    • 2562 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 18
      2,562 words
    • Article, Illustration
      737 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 SET
      AFP  -  737 words
    • 260 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 0.01 310
      AFP  -  260 words
    • Article, Illustration
      616 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 volume
      AFP  -  616 words
    • 253 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 63
      AFP  -  253 words
    • 505 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 ASX
      AFP  -  505 words
    • 253 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—8i
      AFP  -  253 words
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  • 6890 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 mc
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  • Page 18 Advertisements
    • 291 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 GST
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    • 44 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 focTUUtl
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  • Page 18 Miscellaneous
    • 1071 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 .A
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  • The Arts
    • 1151 19  -  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 but
      1,151 words
    • 1392 20  -  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
    • 1014 20  -  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 wizened
      1,014 words
    • 442 20  -  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 in
      442 words
    • 749 20  -  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 in
      749 words
    • SINGAPORE ARTS FESTIVAL
      • 827 21  - 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 by
        PHOTOS BY CHRIS LOH  -  827 words
      • Article, Illustration
        962 21  - 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 contemporary
        962 words
    • Article, Illustration
      1919 22  -  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 gets
      1,919 words
    • Article, Illustration
      202 22  -  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 a
      202 words
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    • 86 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, visit
      86 words
    • 12 19 Carnival of creativity, EL 2 More <m the Arts Festival, EL 3
      12 words


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    • 127 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 anq
      127 words