The Business Times, 10 June 2000

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Total Pages: 26
1 26 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 03S/12/1999 Internet: http://business-times.asia 1 com.sg/ SINGAPORE SATURDAY. JUNE 10. 2000
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  • 68 1 □sn (-17.66) nn-m ftj 77L33 (-8.91) ittl ri SDBCIFUTUBES M 27L00 (-1.80) STOCK BASKET INDICES Friday Change KLSECOMP 861 JO +19.06 NIKKEI IC361J1 -***** HANG SENG 16,180.26 +J43J3 SIT INDEX MLS -U> JAKARTA COMP 477S& 4J8 MANILA COUP U6JIJB 1M TAIPEI WPI 9,896.86 -J1.22 SEOUL COMP 8364 CLSA
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  • 78 1 FOBEX BATES US$ St IBS 1.72$ £(US$/S$ per lilt 1610 ElIRO(USS/S$/E) OJM 1.649 DM 1147 Ol843 YEW 1NJ MM RM 1809 9.4S4 HKS 7.790 1221 BAHT 99.89 9.944 RUPJAH 8,806 9.029* St to tOO units FUME BATES SINGAPORE* 5.80 KLALA LUMPUR 7.67 JAKARTA J9.00 BANGKOK J.50 MANILA 11.00 HONGKONG™
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  • 517 1  -  First-half figure is almost 50% higher than all of last year's $48m profit Byt Conrad Raj [SINGAPORE] Fraser Neave whose 1999 results had beaten most analysts' forecasts is set to do the same again in the current financial year, with halfyear net earnings
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  • 1006 1  -  But bourse unimpressed even though growth improved in both 'quality' and quantity From Anthony Rowley in Tokyo THE Japanese economy expanded by 2.4 per cent in real terms during the first three months of this year, lifting the nation's economy firmly
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  • 148 1 Bloomberg [NEW YORK] US stocks rose yesterday morning after a Labour Department reprort showed tame inflation, buoying optimism that the economy will continue growing without pushing prices higher. "We've seen a string of softer-than-expected economic reports, so that's trimmed expectations that the Fed will
    Bloomberg  -  148 words
  • 644 1  -  UOB starts b&U rolling, followed by DBS&ndOUB By Serena Ng [SINGAPORE] Three Singapore banks have slashed their transaction charges for trades under the CPF Investment Scheme (CPFIS), a move seen by analysts as symptomatic of the trend in falling fees as Internet
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  • Page 1 Advertisements
    • 98 1 DHBPB BT Comment Has Cycle Carriage become a punter's paradise? 3 Arts Festival HSoH Tracking Time: Day of our lives. SL J < Top stories Datacraft Asia to raise between USs99m and USsl3om in public placement exercise. Pg9 Chip manufacturer Advanced Micro Devices AMD to invest $200 300 m here.
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    • 41 1 ""Sydney QlymsH^B Girded for the Games JB Pas 11, 12 *13 /MBA j prj B t Achanceto win the $3,333 La Modomista Diamonds fountain pen by Caran d*Acho tin to ELI US May PPI unchanged as energy prices fall, Next Page
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    • 17 1 the I the sacrifice Is it woi tl i itV I he Aits it k > i of,
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  • NEXT page
    • 834 2  -  Review brought forward because of June 28 launch of STI futures contract By Teh Hooi Ling [SINGAPORE] From June 19, the world's third largest wafer foundry, Chartered Semiconductor Manufacturing (CSM), will replace Thakral Corporation as a component stock of
      834 words
    • 603 2 Economy appears to be growing steadily with little inflationary pressure Reuters Bloomberg [WASHINGTON] Prices paid to US producers was unchanged in May as energy prices declined for the second month in a row, the Labour Department said yesterday in a report showing
      Reuters; Bloomberg  -  603 words
    • 501 2  -  Downtrend in COEs spells positive news for motor companies By l Christopher Tan [SINGAPORE] The mainstream COE category, which forms the bulk of car permits, fell for the third time in a row since a new enlarged quota was released
      501 words
    • ON THE grapevine
      • 77 2 AT the business headquarters award ceremony for ESPN Star Sports yesterday, our reporter felt considerably dwarfed when she encountered the largest assembly of tall men she had ever seen. There were at least five men who were pushing 1.9 m, and the tallest of them all, a Chinese,
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      • 72 2 IT seems when things are going well, Internet companies are willing to answer reporters' calls at all hours of the day and night. However, some readily change their time when things go downhill. When asked about its listing plans, the 20-something chief executive of an Internet
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      • 99 2 DONT say goodbye to your neighbourhood car dealer and look for your next car on the Net just yet according to Michael Jackson (not the singer), chief executive of US-based Auto Nation, a bricks-and-mortar automotive outfit. Mr Jackson said Internet-based car brokers come between customers and
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  • Page 2 Advertisements
    • 33 2 3*3v*.3SSKSBS ~2L™T o»a» Ssgp-ffSiMis? 383£3» -?Sf STOftMl .;-~-V.--. SSSi-iS yywwttf-i jgg^ s reesui- Make your dreams come true with the perfect home from The Straits Times Classified. Buy k. Sol It. Find k.
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  • SINGAPORE companies
    • 471 3  -  Proceeds intended for ftmding acquisitions in India, and elsewhere By Jennifer Lien DATACRAFT Asia plans to raise between US$99 million (*****.8 million) and US$l3O million in a public placement exercise that offers existing shareholders four new shares for every 100 shares owned. Of
      471 words
    • 350 3  -  From' Wong Wei Kong in Perth THE liberalisation of the media industry in Singapore has to be managed with care, Deputy Prime Minister Lee Hsien Loong said last night. "When you have too much competition, it may not work out well," he
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    • 360 3  -  Group looks set to achieve fall-year forecast of $84m By Kalpana Rashiwala SINGAPORE'S biggest mall owner, Centrepoint Properties, expects profit recognition from its recently launched Yishun Sapphire condo and further contribution from the D'Manor and Euphony Gardens housing projects to help it to improve
      360 words
    • 631 3  -  From] Harish Mehta in Bangkok THE Bank of Thailand has rejected a joint bid by Newbridge Capital of the US and Keppel Tat Lee Bank of Singapore to purchase a controlling stake in the crippled Siam City Bank (SCIB) because of the
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    • 705 3  - Invest in Chinese stocks but with understanding Byr Tay Hong Seng IS it worthwhile to invest in stock markets in China, with most of the stocks in Shenzhen and Shanghai having already risen by 40-45 per cent or more since January? Most experts think so. But they caution that the
      FILE PHOTO  -  705 words
    • 736 3  - Has Cycle Carriage become a punter's delight HOCKim?ISEM christopher tan PUBLIC perception is a tricky thing. Take Cycle Carriage Ltd's stake in Astra International. In that widelypublicised move, CCL is seen as a Singapore company blazing an investment trail into Indonesia. The fact is CCL's main shareholders are from Hongkong
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    • 332 6 Bank's moves rational but actual impact on earnings likely to be small, says analyst Bloomberg DBS Group Holdings Ltd's move to impose fees on accounts at its recently acquired POSBank will add about one per cent to its earnings per share, analysts
      Bloomberg  -  332 words
    • 419 6  -  Better outcome doe to deconsolidation of Lanka Bell's results By Kalpana Rashiwala TRANSMARCO expects to be profitable in the current year after slashing group net loss by 60 per cent to $7.7 million for the year ended March 31 this year.
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    • 323 6  -  By\ Kenneth Lee SESDAQ-listed Mentor Media's net profit hit a record $5.72 million for the financial year ended March 31, up 77.1 per cent from the previous year. The results, the highest in the seven-year history of the contract manufacturer for technology-re-lated
      ARTHUR LEE  -  323 words
    • COMPANY Briefs
      • 187 6 GRP Ltd said Lim Kuan Kang, a director and substantial shareholder, and his wife, Lim Seok Tee have entered into a put and call agreement with Kwan Chee Seng, another shareholder. The couple have an option to sell to Mr Kwan all (but not part)
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      • 91 6 MAINBO ARD-listed Chevalier Singapore Headings posted a net profit of $4.7 million for the year aided March 31, up from $3.8 million previously. Group turnover was however down 7 per cent to $54 million. x Earnings per share rose from 3.3 to 4.2 cents. The
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      • 109 6 METALOCK Singapore yesterday reported a net loes of 3.7 million for the year ended March 31, compared with a profit of $1.7 million a year ago. Significant exceptional and extraordinary items of $4.1 million raised bottomllne loss to $7 J million. Turnover slid 24 per
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  • SINGAPORE markets
    • 526 4  -  STOCKS ven sreenivasan THE Singapore stock market snapped a six day winning streak yesterday, as investors turned wary ahead of the release of key US inflation data. Their nervousness was evident right from the opening bell, tripping the Straits Times
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    • 196 4  -  WARRANT WATCH By Ven Sreenivasan PACIFIC Century Regional Development sprang to life yesterday, topping the gainers list with a whopping $2.60 or 18 per cent rise to $16.90. As expected, this fuelled high-octane performances on the two covered warrants issued on it,
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    • 224 4  -  HOT STOCK By Ven Sreenivasan THE stock of beverage bottler Fraser Neave is poised for a breakout of its me-dium-term resistance levels. The counter gained 30 cents to $5.90 yesterday amid expectations of strong interim results for the six months to endMarch. The results
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    • 143 4 ♦THE Board of Directors of Excel Machine Tools Ltd announced that Excel has secured two contracts with a total value of $4.1 million for institutions/ turnkey project sales. Delivery and completion of both contracts are expected to be in the second half of the financial year. ♦CHEW Eu
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    • 332 4  -  i comment CURRENCIES larry wee THE euro and yen both reversed direction at the close of the week yesterday, as markets expressed their disappointment with key news. The euro, for example, did initially jump to a new seven-week high of 97 US
      Source: Reuters  -  332 words
    • 426 4 Stocks Vokus LAM 50c 17,221,000 KhflbowdUSlOc 16,506,000 AaiBDa<«orHK15c 16,503,000 IPCCo»pn5c 12,805,000 l Twinwood5c —10,131,000 Ntf9(Mt50o 10,103,000 MedtaRinQ 10o 7,664,000 IPC020C 7,389,000 Kyosha HK50c 7,161,000 Golden AgriUSlOc 6,796,000 Stocka > PacficCentury 81,067,600 SPH 74,402,873 DeSQrp 48,952,221 (JOB 27,174,902 NslSteel50c 25,904,496 SIA 23,226,524 0C8C 20,581,020 Chart Semiconductor 26c 17,717,861 KappeiCotp 16,176,200 STEngglOc
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  • Page 4 Advertisements
    • 79 4 Asian Micro Holdings Ltd is proud to be awarded with "CERTIFICATE OF COMMENDATION" at the Ssc/iie<zi&??ve4t£ 2000 We would like to thank the following major customers for their support: Mapgor READ-RITE H Seagate 52 diSSSi" 1 Kaifa Technology Komag USA (Malaysia) Luzon Electronics Technology 4 Minebea Technologies Nidec Pack Success
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    • 49 4 YOU CAN NOW PUT YOUR CPF SAVINCS IN EIGHT. important All applications for units in eight must be made on the application forms accompanying the prospectus investors must read ttie prospectus The value of the units and the income from them may fall as well as rise ►!< HIS&Af K
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  • Page 5 Advertisements
    • 40 5 imW l Breaking good news! Now, fortune will be really smiling on job seekers. Sunday RECRUIT in The Sunday Times brings you a feast of career options and opportunities, on top of the usual Saturday RECRUIT bumper. Bite into it!
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  • 4349 6 Mm m Mn«W<IWS$ May 02 r T7J92 1X2*3 8.91 (JT Date TV LV TT W MM Jua09 P X7CM. LTO 4.71 142 mm m Mai MMICIWi Maris P TM 3-109 5W 0 "rin'i 77! Tim TT* i r!T No* arts Mart* I 03SX U00L 03L XX
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  • SINGAPORE news
    • 423 7  -  The fands will mainly be channelled towards capital outlay for its Singapore plant By Elizabeth Su CHIP manufacturer Advanced Micro Devices (AMD) said that it will invest $200 million to $300 million over the next three years, primarily in capital outlay
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    • 457 7  -  ESPN Star Sports gets business headquarters award By' Tay Shi'an A HOLISTIC development of the media industry is needed to make Singapore a regional media hub, according to Minister of State for Information and the Arts (Mita) and Defence David Lim. Said the
      ARTHUR LEE  -  457 words
    • 313 7  -  P=ft 3 on the economy jobs By Marissa Chew JOB seekers continued to be spoilt for choice in May, with the volume of newspaper recruitment notices climbing 43 per cent compared to the same month a year ago. The increase is the smallest
      Source: SPH  -  313 words
    • 333 7 THE Welsh Development Agency (WDA) is keen on deepening its ties with the Economic Development Board (EDB) to boost cooperation in information technology and communications, said its chairman David Rowe-Beddoe. "I am hopeful that the relationship between the two organisations can
      333 words
    • 327 7  -  IT cited as one area for further cooperation Promt Audrey Tan in Brussels SINGAPORE wants to strengthen its partnership with the European Commission (EC), Prime Minister Goh Chok Tong told EC president Romano Prodi yesterday. Mr Goh suggested that Singapore work with the
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    • 253 7 THE Ministry of Information and The Arts (Mita) has issued a newspaper licence to broadcasting group Media Corporation of Singapore. In a short statement yesterday, Mita said MediaCorp had submitted an application on June 6, one day after the government announced a limited
      253 words
    • 432 8  -  Smart card, now used for bos and rail, has capacity for other applications From Wong Wei Kong m Perth AUSTRALIA'S ERG Group, which had earlier won a transit smart card project in Singapore, is now in discussions with the Singapore Technologies Group to
      TAN SUAN ANN/ST  -  432 words
    • 712 8  -  1 maill.M.B Wong Sek Choon WHEN Parliament approved the limitation of 50 per cent investible savings for direct purchase of shares, the objective was to prevent CPF members from unnecessary losses through inexperienced investment. The definition of "investi-' ble savings" as stated in the
      712 words
    • 147 8  -  Denis Distant I FOUND the Hock Lock Siew article "Chew Eu Hock episode: a better explanation needed" (BT, June 8) very relevant and timely in particular, the highlighting of the onus on the Singapore Exchange (SGX) to be firmer with its queries to companies whose
      147 words
    • 263 8  -  Narayana Narayana FROM time to time, when our market takes a sharp dip, and short-term settlement-date-contra investors receive debit notes instead of cheques, the inevitable cry of (foreign investment) short-selling is heard. The complainants seldom make any effort to produce facts or figures to
      263 words
  • Page 7 Advertisements
    • 16 7 EDUCATION/ TRAINING The Straits Times Classified. Icata| Classifications 703 794. Buy h. m h. fm h.
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    • 83 7 -T* xi» -jj*- v l} \s* r /Vv i >* C > 2* 1 ;Wv V+f .*,.>,--•- ■< V;; ,V i l£V S 'is- "4 i -jj. Af-- J&Z Jfr X. >,<- v pel i i Mfor table reservations, please call 233 1133 GRAND 392 Havelock Road, Singapore *****3. COPTHORNE
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  • Page 8 Advertisements
    • 1110 8 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 @1 AMTEK ENGINEERING LTD (Incorporated in Singapore) ANNOUNCEMENT ISSUE OF 29,112,600 DETACHABLE WARRANTS (THE "WARRANTS")TO SUBSCRIBE FOR 29,112,600 NEW ORDINARY SHARES (THE "NEW SHARES") OF $0.20 EACH IN THE CAPITAL OF AMTEK ENGINEERING LTD ("AMTEK" OR "COMPANY") OFFERED BY
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    • 31 8 ■ODAY Janhe Zaohao S'pore branch of China firm thriving in aviation oil trade and beyond Hawl lUtrl HOME NEEDS The Straits Times Classified. |aSj Classifications 90 120. Bay mit fw il
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  • COMMUNICASIA2000
    • Article, Illustration
      543 9  -  Venture capitalist Worldview is looking for telecom investments in Asia 'If it is big pipes, if it is intelligent pipes, we are interested,' says partner James Wei Reports byi Catherine Ong Technology A J Partners, a fast-growing A Silicon Valley venture capI ital firm which counts two
      PHOTOS: ARTHUR LEE  -  543 words
    • 562 9 NTT DoCoMo's iMode mobile phone service would not have taken Japan by storm if it had used the browser language for WAP phones, said a company official yesterday. Takeshi Natsuno, media director for gateway business department at NTT DoCoMo, said IMode, which has signed
      562 words
    • 360 9  -  By 1 Teh Hooi Ling PHILIPS Consumer Communications (PCC) has been meeting its targets of doubling its revenues and volume so far this year and has set its sights on capturing more than 10 per cent of the global GSM handset market The mobile
      360 words
  • eNews
    • 440 9 CLEVELAND Firm wants to make special chips which will speed np data sent over the Net Bloomberg TRW INC, a maker of auto parts and defence equipment, is expected to form a venture within the next year to make semiconductors that will
      Bloomberg  -  440 words
    • 526 9 WASHINGTON Hackers embed malicious program on 2,000 commercial and home computers linked to Internet AP THE Federal Bureau of Investigation (FBI) was due to meet with experts from a security company yesterday to discuss the firm's discovery that hackers have embedded a malicious
      AP  -  526 words
    • 377 9 WASHINGTON LAT-WP ALL of the top 10 online stock brokerage firms which collectively account for 90 per cent of US online trading volume have suffered delays, outages and other technology glitches that have caused investors to lose money, according to a report by
      LAT-WP  -  377 words
  • Page 9 Advertisements

  • REGIONAL news
    • 552 10 TOKYO Miwirtflp iwn waphwcyMditr—MiMMl to be start ud cautions Reuters RENEWED volatility in Asian currency and stock markets in recent weeks has underlined that the region's governments cannot afford to relax the pace of reform, Thai Deputy Prime Minister Supachai Panitchpakdi said
      Reuters  -  552 words
    • 344 10  -  MANILA SingTel's Philippines nnit rated 'positive' on growth prospects despite debts From, Al Labita in Manila SYDNEY-BASED Moody's Investor Service has given Singapore Telecoms' (Sing Tel) listed Manila unit a higher credit rating outlook because of its competitive strengths in the wireless business. In
      344 words
    • 149 10  -  By Serena Ng [SINGAPORE] Malayan Banking Bhd (Maybank) yesterday jumped onto the Internet banking bandwagon, launching a financial portal to provide its customers with online banking services, claiming to be the first of its kind in Malaysia. Maybank said in a statement that the portal, located
      149 words
    • 44 10 [BENGKULU] An Indonesian nurse working in a crowded makeshift ward outside the damaged hospital in earthquake-wracked Bengkulu, Sumatra island, yesterday. A massive earthquake measuring 7.9 hit Sumatra island on Sunday killing at least 100 people and injuring nearly 2,000. AP
      AP  -  44 words
    • 439 10 MANILA Latest divestment bid called off in absence of interest Bloomberg THE Philippine government wants Templeton Investment Management Co to join its next attempt to divest the Philippine National Bank, the nation's fourth-largest lender by asset. The government this week
      Bloomberg  -  439 words
    • 182 10 KUALA LUMPUR Reuters MALAYSIA'S central bank, Bank Negara, yesterday said it has launched a scheme to help small businesses with non-performing loans from more than one bank. Under the new scheme, eligible companies can borrow an additional 30 per cent of their existing outstanding
      Reuters  -  182 words
    • 280 10 JAKARTA AP SENIOR Economics Minister Kwik Kian Gie yesterday lashed out at the International Monetary Fund (IMF) for accusing the Indonesian government of being inconsistent over financial reform. "I've been patient for a while with the IMF, but the IMF this time
      AP  -  280 words
    • MARKET moves
      • 175 10 THE broader market improved on a technical rebound yesterday after seven straight sessions of decline, with blue chips and electronic-related stocks making up some of the ground they lost in the course of the week. Semiconductor manufacturers Unisem and MPI were among the day's leading gainers,
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      • 105 10 GRAND Hoover Bhd, a property and investment company listed in the construction sector on the second board of the KLSE, has been quietly outperforming the market since the start of this month. While the index is more than 3 per cent lower, Grand Hoover's stock price
        105 words
      • 170 10  -  Compiled byl Diana Oon Abdullah NEWS reports of United Engineers' plans to list its highway concession PLUS caused just a minor stir yesterday amid the broader market recovery. The stock was higher by 25 sen to close at RM9.10 yesterday, with a volume of
        170 words
    • 556 14 HONGKONG Response to Henderson Cyber's IPO expected to be fairly mated Reuters HENDERSON Land Development Co Ltd is aiming to emulate the cyber waves made earlier this year by rival blue chip developers who offered shares in their fledgling Internet ventures to
      Reuters  -  556 words
    • 310 14 SAN DIEGO It aims to tap market for third generation cell phones Bloomberg QUALCOMM Inc, reviving its China expansion plans, signed contracts with eight Chinese mobile phone makers, including the largest, to supply semiconductors, software and technical support for its cell-phone technology. On
      Bloomberg  -  310 words
    • 293 14 NEW DELHI TOP United States infotech firms are keen to step up their investments in India's IT sector, Indian Information Technology Minister Pramod Mahajan said on Thursday. "Almost all the six to eight US-based IT companies we met showed a keen interest
      AFP  -  293 words
    • 290 14 m MUMBAI Bloomberg SATYAM Computer Services Ltd, India's fifth-largest software maker, will partner with US-based TRW Inc to help the auto parts and and aerospace equipment maker maintain inventories and 9ell products over the Internet. Satyam will own 76 per cent of a new
      Bloomberg  -  290 words
    • 311 14 MUMBAI Bloomberg INDIA'S Mumbai stock exchange began trading of futures contracts based on the benchmark Sensex stock index, securities that allow investors to wager where the index will be later, and traders are already betting on gains. The contract for June delivery rose 0.7 per
      Bloomberg  -  311 words
    • 355 14 HONGKONG Site will offer coverage in Chinese and other Asian languages by year-end ASIAN Internet company Chinadotcom and Agence France-Presse (AFP) yesterday launched Sportasia.com, an on-line interactive Asian sports channel. The venture will provide coverage of sport in the Asia-Pacific region, drawing on
      355 words
    • 57 14 [BEIJING] Chinese women wait at a bus stop below a billboard advertisement for South Korean-made LG mobile phones, in Beijing yesterday. China has banned the import of mobile phones from South Korea in retaliation against Korea's decision to impose tariffs as high as 315 per
      AP  -  57 words
    • 436 14 BOMBAY In April bond foods got 78% of all fund inflows compared to 30% in first qoarter Bloomberg INVESTORS in Indian mutual fUnds, rattled by a decline in stocks, have been snapping up units in funds that invest in bonds. Of
      Bloomberg  -  436 words
  • Page 10 Advertisements
    • 159 10 i QUESTfor PERFECTION Meet Anastasia Liew. the irrepressible baker who whipped up a delicious recipe for success. *11 j bringing her Bengawan Solo chain to 40th on the Enterprise 50 list last year. Her buzzwords are stringent quality standards and the freshest and finest ingredients. What are yours? Nominations for
      159 words

  • SYDNEY Olympics
    • 981 11  -  Vlkram Khanna, taking the pulse of a city gearing up for the first Olympic Games of the new millennium, finds much to cheer about as well as a certain nonchalance Vikram Khanna AFTER a journey that began in Greece and wound its way across Asia and
      981 words
  • Page 11 Advertisements
    • 1633 11 NOTICE To advertise call toll-free 1800-741 1883 Fax No: 741 1298 THE COMPANIES ACT CAP. SO WIN WAN CONSTRUCTION CO. PTE LTD (la Voiintar; Liquidation* At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 52 Hillview Terrace. Singapore *****1 on the 9«h
      1,633 words
    • 5 11 Olympic factfile, Pgs 12 13
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  • Page 12 Advertisements
    • 141 12 H I JJjB "v I j I Sj i JuE W f M fli I K- I m. J9..\, J I U W V H w M il" M g #'^H f\k% AoBB»7hwii n dnflrrm. yr*— IMlff I iffix" |M H9 wB ir^'*. 15a life? l i»szr •^li mbb H
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  • Page 13 Advertisements
    • 515 13 ft S>I /Ik IV The longest Olympic event j W actually takes place months before m ififfjP 11m the games start, when the frf [M' Olympia, Greece. This relay J. Vgyg v V.< started on May 12 and the torch C %-y/ passed through 13 Oceania k" I countries before
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  • Page 14 Advertisements
    • 44 14 EARN invest offshore KWSfTEHB SSSSSSB www.united-bank.Mt iiiSPh*: 081 Services Ltd I tel >423 230 0202 fax +423 230 0708 MLf |U|M I Min EUR 25,000 or equivalent. Deposit rates linked to base rates. I Rates correct at press time. Hot available in some jurisdictions
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  • WORLD news
    • 667 15 NEW YORK Analysts say a slowdown in inflows into US will pnt pressures on the US dollar Reuters THE European Central Bank's aggressive interest rate hike on Thursday could chip away at record inflows of foreign capital which have underpinned US
      Reuters  -  667 words
    • 375 15 TOKYO Firm taken to task In* helping clients avoid losses Reuters JAPANESE financial regulators yesterday announced penalties on the Tokyo branch of BNP Paribas Securities Ltd, saying it had broken laws by helping clients avoid losses and forcing it to halt stock broking for
      Reuters  -  375 words
    • 236 15 NEW YORK Reuters US investment bank Lehman Brothers has drawn up unofficial plans on a closer link-up with Fidelity Investments, the Wall Street Journal reported yesterday. Quoting people familiar with the situation, the newspaper said executives from both sides are in constant discussions about
      Reuters  -  236 words
    • WORLD Watch
      • 94 15 AFP [BERLIN] Germany's 3.1 million public sector workers 1962, following a vote by union members angry at what they see as an insufficient pay rise by their federal, state and city employers. The four main unions covering the workers—who include police officers, teachers, bus and
        AFP  -  94 words
      • 32 15 Reuters MasterCard summary judgment on several issues in a pre-trial hearing on Thursday. The government has that issue Visa and MasterCard from also issuing cards
        Reuters  -  32 words
      • 81 15 Reuters [LONDON] Some three million British jobs are at risk if Britain stays outside the euro, Trade and Industry Secretary Stephen Byers warned yesterday. He told Mirror that the potential Job losses were a' 'big regional issue" and could hit those regions "which historically
        Reuters  -  81 words
      • 91 15 Reuters {NEW YORK] Media conglomerate News Corp will file for a spin-off of its satellite and digital media operations, unofficially known as Platco, before June 30, Business Week reported on Thursday. Platco consists of properties that include News Corp's interests in Asia's StarTV,
        Reuters  -  91 words
      • 83 15 Bloomberg [ROME] Alitalia SpA, Italy's flagship carrier, said it may ask former partner KLM Royal Dutch Airlines to pay it as much as 250 million euros (Ss4lo million) in damages etused by KLM breaking off their alliance. KLM, which is in talks to
        Bloomberg  -  83 words
    • 512 15 Procter Gamble CEO quits alter profit warning NEW YORK Move marks end of turmoil at once conservative firm Reuters PROCTER Gamble Co on Thursday said its chief executive was stepping down after only 17 months at the helm of the largest US household products maker, as it warned of disappointing
      Reuters; AP  -  512 words
    • 401 15 PEOPLE Restaurant owners will pay Uczen even if customer doesn't AFP [CHICAGO] The fairy tale story of a Chicago waitress who was tipped US$lO,OOO by an anonymous customer lost some of its lustre on Thursday, when her employers revealed that the man's cheque bounced.
      AFP; REUTERS  -  401 words
    • 454 16 Expenses would either be passed on to consumers, or the 2 companies would have lower profit margins Bloomberg [BOSTON] THE US court ruling to break up Microsoft Corp could cost more than US$43 billion (S|74 billion) in higher expenses and lower stock values that will largely
      Bloomberg; AP  -  454 words
    • 421 16 WASHINGTON Lengthy appeal process can be a voided if Microsoft agrees not to 'abuse its monopoly power' Bloomberg AFP FT MICROSOFT Corporation could still settle the government's anti-trust case outside the court that ordered its break-up by agreeing not to "abuse its monopoly power",
      Bloomberg; AFP; FT  -  421 words
    • 409 16 TORONTO Canadian publisher to focus on electronic information services Reuters CANADIAN publisher Thomson Corp said on Thursday it has agreed to sell 38 US newspapers to two separate buyers for US$l.6 billion (552.7 billion) as part of its strategy to
      Reuters  -  409 words
    • 386 16 NEW YORK Hell start fluids to invest mainly in European stocks Reuters A SOROS Fund Management stock picker, Scott Bessent, on Thursday said he quit to start his pwn investment firm, the latest departure from the shrinking money management company of fabled
      Reuters  -  386 words
    • 393 16 UNIVERSAL CITY, California AP THOUSANDS of items used in film and television productions went on the auction block as the oldest prop house in Hollywood began a five-day sale of its one million-item inventory. Ellis Props and Graphics is closing
      AP  -  393 words

  • Page 16 Advertisements
    • 45 16 Brace Yourself < For 10 Hours of i i Non-Stop Soccer T T t* f Blockbusters Geylang Utd FC vs Home Utd FC 'LIVE' EURO 2000 Highlights Romania vs Portugal 'LIVE' England vs Germany 'LIVE' NEXT SATURDAY No other channel. No other chance. Only on wi
      45 words

  • FINANCE & commodities
    • 217 17  -  SOI Derivatives Tr* Mn E Heporte BSS& Singapore Index Chan Yet San THE Singapore stock market ended its six-day run as electronics stocks feU, influenced by the US markets. The MSCI Singapore Index lost 2.45 points or 0.90 per cent to close at
      217 words
    • 208 17  -  MSGI Taiwan fatores Chan Yet San THE Taiwan stock market feU again yesterday as the US markets fell overnight The Taiwan Stock Exchange Weighted Price Index gave up 31.22 points or 0.34 per cent to settle at 9,036.66 points. Turnover was moderate at NT5113.97
      208 words
    • 404 17 Reuters [LONDON] Oil prices are high, so Opec's to blame, right? Wrong. Consumers crying out for cheaper oil can justifiably forget the familiar culprit, for now at least, and point the finger at Uncle Sam instead. Markets have signalled for weeks that
      Reuters  -  404 words
    • 362 17 Reuters London THE dollar held firm against the yen yesterday after weak-er-than-expected first quarter Japanese economic growth and consolidated near its day's highs against the euro before the release of US producer prices data. The European Central Bank (ECB) raised its refinancing rate by a larger than expected
      Reuters  -  362 words
    • Article, Illustration
      1026 17 DfTEEBAMK CROSS RATES AS C( W 6W h i) Wh-tt Vw Hm m nm* Hm u *md Sir tm Pm* mt A«tra*a 0J67 4569 0614 4027 1201 4572 ***** 50.481 0425 4538 2229 1254 30.441 ***** 106 4142 0961 *****2.929 0J8S 0597 £2?" 0,701 4643 1305 5-2T2 90l2W S&2I3 4720
      1,026 words
    • 1568 17 SlCOMFOTPaBS Jun9 RU88U (Mures cioAqKrtSJOpa) RSS1 Ctoft VMM 0p« Moatfc mm Lot Sttt ftnwin) Mmst f *V^Vr^VP* Jvi 00 115.50 '■'■>• 00 WJ0 S» 60 121.00 BLOO ***** SO 400 Oct/Dec 00 122.50 8SS3COMTKACT<Ulc«bAf> MM 0m *■> M Uw tHI' (tooti) tat«nwl MOO 6475 6475 6475 100 1660 **00 65.75
      1,568 words

  • STOCKS eats asia
    • 2721 18 HONGKONG AFP Q Hang Seng ****** HONGKONG share prices rose 1.5 per cent yesterday to breach the 16,000-point level on selective bargain hunting, dealers said. The key Hang Seng Index gained 243.33 points to close at 16,120.26 on a turnover of HK19.07 billion.
      AFP  -  2,721 words
    • Article, Illustration
      908 18 Reuters PStagtanßladei -(UB CHINA'S hard currency B shares closed lower yesterday as a domestic A share retreat helped extend a technical correction that kicked in early this week. The Shanghai B Share Index fell 3.12 per cent, or 1.65 points, to 51.27 on lower turnover of U5522.02 million. The
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  908 words
    • 368 18 AFP DWPlata -3L22 TAIWAN share prices closed 0.3 per cent lower yesterday on Wall Street's overnight losses and concerns over the financial problems of a Taiwanese bank, dealers said. The Taiwan Stock Exchange Weighted Price Index slipped 31.22 points to 9,036.66, on turnover of NT5113.97 billion. "Investors appeared to
      AFP  -  368 words
    • 1899 18 TOKYO AFP QNikka22s -***** SHARE prices in Tokyo slipped back 0.8 per cent yesterday on disappointment that Japan's government failed to meet its economic growth target for the year to March, brokers said. The key Nikkei 225 Index fell 142.43 points to end at
      AFP  -  1,899 words
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  • STOCKS klse
    • 386 19 AFP PI Composite Index +RO6 MALAYSIAN shares closed 2.3 per cent higher yesterday in what dealers described as a technical rebound after a dismal week. The Kuala Lumpur Stock Exchange Composite Index ended up 19.06 points at 861.30. TTie Second Board Index gained 7.69
      AFP  -  386 words
    • 8494 19 ——ataaMMM—ii i I IH i i 2000 Last """n Day Mat Cm MUl U» C—»—y tala *000 Law >/l 420 310 AJinomoto MO tO 9 MO 390 19.7 145.9 158 65 Angkaaa 60 undl 444 T4 65 100.3 670 290 Apollo Food Hlg 440 K3.5 176.0 332S 2700 BAT 50c
      8,494 words
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  • SGX clob & regional stocks
    • 2800 20 BONDS &WARRAMTS *m9 m «Mi rnml »M La* M tm MM lm ImmlUm turn Nh Mi a* lot i m> mm u» m i i mi m» <*» —«w» u* 80 163 AcmaW0K>724 22 2 613 253 193 22 23 20 4L0 1 300 WO 5*4 13 S» 7.5 S
      2,800 words
    • Article, Illustration
      717 20 AFP □set fata -023 THAI share prices fell one per cent yesterday in thin trade, with profit-taking in banks, communications and electronics offsetting gains in energy and construction stocks. The Stock Exchange of Thailand (SET) Composite Index dropped 3.23 points to close at 341.35, and the select SET-50 fell
      AFP  -  717 words
    • 274 20 AFP Q Composite Index -15^ PHILIPPINE share prices closed 0.9 per cent lower yesterday as investors retreated to the sidelines in the absence of positive corporate news ahead of a long weekend. The Philippine Stock Exchange Composite Index shed 15.2 points to close at 1,521.93. AFP N> cvm MRC
      AFP  -  274 words
    • Article, Illustration
      666 20 AFP Q Composite Index -0128 INDONESIAN share prices closed marginally lower in volatile trade yesterday with bargain-hunting in large caps limiting the index fall, dealers said. The Jakarta Stock Exchange Composite Index closed down 0.28 points at 477.93, off a low of 472.22. Volume traded was 678.3 million shares
      AFP  -  666 words
    • 266 20 AFP H«SMO «&82 NEW Zealand shares ignored softness In overseas markets to finish the week firmer in active trade, closing 0.3 per cent up yesterday. The benchmark NZSE-40 Capital Index closed up 5.82 points at 2,060.36 with shares worth NZ5201.5 million changing hands. —AFP «a v- rtm Advantage HOS
      AFP  -  266 words
    • 500 20 AFP FlADOrdjuiai +1&5 THE All Ordinaries Index closed up 0.6 per cent or 18.5 points at 3,101.9, while the newly-introduced SP/ASX 200 rose 19.8 points to 3,146.5. The All Industrials Index was up 35.5 points at 5,446.4 and All Resources finished 3.0 higher at 1,228.7. Turnover totalled 535.92 million
      AFP  -  500 words
    • 268 20 AFP □Composite Index +3&29 THE Korea Stock Exchange Composite Index closed up 36.29 points at 836.4. Volume stood at 504 million shares worth 4.8 trillion won. —AFP AM *h AnamSaml ***** 150 BraMTacft 1030 -20 Central Bar* 2140 275 CMC«MI *****0 2000 DM Gu Bank 2425 -425 0—Mm Corp...,
      AFP  -  268 words
  • Page 20 Advertisements

  • 7212 21 SCX MAIkMIAPTI Transaction date: Jun 9 Or Or M Wt 52-Wk Last Vat Day LMt OlMta Otv Mv VM Mat Cap Avp MfN U> Cia>ny Sata PDOO) HNN Law Buyr tmr Cw Pft MW Prtc* W2 tot me 4 m M 122 04 I U I *1 Hi
    7,212 words
  • Page 21 Advertisements
    • 48 21 iNvcsnri^irrpoktfouo j 1 I IPO. Shares. Bonds. Stocks. Annual Reports. mAmMI II I Whatever you're offering, we help you reach out 11 I to 86.7% of all adults In Singapore daily. The Stra tS Times 4 The Bus ness Times Lianhe Zaobao Berita Harian Tamil Murasu 1800-*****63 .ji
      48 words

  • Page 22 Advertisements
    • 268 22 Where to wine, dine and entertain../""? ;< jj^i^ "Tunch" is the best for lunch and high tea rolled into one. Which means longer serving hours and even more scrumptious spreads. Tunch" from 12 noon 4.30pm £16.90 (Adult) 40% discount (Child) "Tunch Karaoke" from 12 noon Bpm £22.90* (Adult) 40% discount*
      268 words
    • 49 22 ■BB] Welcome to therich heritage of PhilippmeCaisme at Chatterbox Coffeehouse 9- 18 JUNE 2000 Lunch: 12.00pm to 2.30pm $23.00+++ (adult) $13.80+++ (child) Dinner. 6.30pm to 10.00pm $26.00+++(adult) $13.80+++(child) Enquiries: 831 6291 II hA* Coffeehon*e I*l float jS 111 Ochard Road. n 2M567. —.rrr M: 717 4411 fee 712 2161
      49 words
  • Page 22 Miscellaneous
    • 856 22 ITmW filtiiftilM7B>———fh,in„« 12.00 MN What Went tang. LOO CapitalE (r). Wrong? (Variety). 9XO Filem Sensasi: Gadis L3O Korea: A Tale Of Two 8.00 AM Kids Central: 64 UL3O AMShowbuzz. Sensasi (Indon/Movie). Kimsfty. 1111 LOO Cinema, Cinema, Cine- 11X0 Asia Bagus. ioo To 6.00 am: Real-time Shelf/Caillou. ma. IXOO MN TV
      856 words
    • 287 22 CRYPTIC CROSSWORD ACROSS 7 Said chestnut is to win (7) 1 Has to move plant (5) 8 We« enough to embrace girl (5) 4 Such a race lor the bar (8) 9 Wid West girt hit town no fire--10 Sales-talk brings in money lor anrns (1*) dish (7) 15 Ski
      287 words

  • The Arts
    • 1838 23  -  Tlir London seme m;i\ be ;ibuzz with rxriliim pin\s bill life's no! ;i bed ol roses, es|>eri;ill\ tor iielors. PARVATHI NAYAR uels sonic inside iews PARVATHI NAYAR Musical extravaganzas, serious plays, frothy comedies: there's something to suit every dramatic taste. Theatre is a major attraction for
      1,838 words
    • COVER STORY
      • Article, Illustration
        983 24  -  parvathx matas takes a bite at what London offers, from light-hearted comedies to Gothic thriller, but gives the thumbs-up to thought-provoking serious theatre PARVATHI NAYAR 10ND0N has always seemed the ultimate "theatrical" sweet shop, where (me gets dizzy with delight at the range of goodies on offer. Since
        983 words
      • Article, Illustration
        532 24  -  ART An exhibition of antiquities at Plum Blossoms Gallery provides a glimpse into our forefathers' love of the arts By Parvathi Nayar CLOTH of gold. The term stirs the imagination with images of fierce warriors, nomadic camps, and adventurous traders on the Silk Route. For "cloth of gold",
        532 words
    • SINGAPORE ARTS FESTIVAL
      • 1019 25  -  ANIMATION FIESTA 2000 By Aaron Lye MENTION "animation" in just about any social setting and there's a fair chance that you 11 get the same response. Animation is just a fancy word for cartoons. If s only for kids. Right? Wrong. Changing this perception
        1,019 words
      • 598 25  -  jotce koh joins the audience in becoming fellow travellers as she follows the intense and poignant journey of characters in Tracking Time JOYCE KOH INTERESTING, weird, harrowing but extremely enjoyable. Emotions were definitely taken on a roller-coaster ride during Adelaide-based Doppio-Parallelo's Tracking Time, a short but
        PHOTO BY SONIA TAN/ST  -  598 words
      • 587 25  -  Tri Arts' Tine Deep Bine tackles the question of our quest for something more in an unconventional way By Chen Huifen IN the Arts Festival guide, Tri Arts' production of True Deep Blue is described as "a creative exploration into obsession .and control in our urban
        587 words
    • Article, Illustration
      542 26  -  Young participants at the Sculpture Carnival 2000 last Sunday amaze the adults with the products of their fertile imagination. JOYCE KOH finds out JOYCE KOH THE spark of creativity within children has been expounded repeatedly. One wonders, though, whether they would rise to the challenge when faced with
      542 words
    • 1493 26  -  Compiled by M Yasotha MUSIC Singapore 17 Formed in the early 1980s, Singapore 17 will take you down memory lane to experience good party music of the 1920s. Featuring Rick Smith as the conductor, NUS Big Band and Raymund Ooi on trombone. June 18,5pm-8pm at Chijmes Fountain Court.
      1,493 words
    • Article, Illustration
      125 26  -  By Aaron Lye THE BUZZ: Cosmic Geometry, a solo exhibition by French artist Nathalie Juixxi Ponsard at the Substation. PLOT AND PLAYERS: Touted as a "site-specific installation of light", Cosmic Geometry comprises two huge luminous geometric and architectural volumes; a rectangle parallelopipede, symbolising the sun, and a white, cold
      125 words
  • Page 23 Advertisements
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      73 words


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    • 104 25 This wcok's pn/p 5 Ecridor 2000 pens worth S9B each I P I I I 1 0)1 1 1 M AP| Q 1) The C.ir.in d Ache Ei iidot Jim F.ifsc 9 Wli.it title <il TheAl>h<>y Thc.ttie's pl.iy j> lake your mark witn D< .klliik Sunday, June 11. .it midniqht
      104 words