The Business Times, 24 June 2000

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Total Pages: 22
1 22 The Business Times
  • 13 1 THE BUSINESS TIMES MfTA(P)^ta4Sfl^ 85* SINGAPORE Internet: http://business-times.asial .com.sg/ SATURDAY, JUNE 24, 2000
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  • 70 1 FOKEXKAItt U8t S« USS L7B £<US|/8Sper£)— 1JM UN EUBO<US&SS/B)_UM L« dh tm mm YEN MA 1JM* RM UN 0.464 HKS 7.712 0m BAffT SI. 10 MM KJFIAH MM—MM* •atmmrntm PRIME RATES SINGAPORE* 8.80 KUALA LUMPUR 7.17 JAKARTA SM6 BANGKOK lit MANILA 1100 HONGKONG 8.50 TAIPEI 7.84 SYDNEY 819 TOKYO
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  • 892 1  -  -liexclusive Public flats transferred to rental scheme meant to keep production flexible and to meet changed circumstances From i Quak Hiang Whai in Hongkong THE Hongkong government has denied that it bowed to political pressure from powerful developers reeling from a 50 per
    892 words
  • 336 1 Fed chief expected to live economy more leeway before hitting the brakes Reuters [NEW YORK] Federal Reserve chairman Alan Greenspan has warmed to the idea that the US economy can safely grow between 4 and 4.5 per cent annually, Business Week
    Reuters; FILE PHOTO  -  336 words
  • 450 1  -  New listing's price is now a hefty 2J5 times its isne price Byi Andrew Wee [SINGAPORE] Sqpdaq-listed Trek 2000 International has reaffirmed its title as the market's technology darling, with investors yesterday pushing the company's share price to an all-time high. Its
    Source: Bloomberg  -  450 words
  • 865 1  -  Moshe Safdie says issue is how to make most of limited land By l Corinne Kerk [SINGAPORE] He was once quoted accurately or otherwise as saying that Singaporeans believed passionately in dense housing, and that they cared little about its impact on the
    SIEW YAW HOONG  -  865 words
  • Page 1 Advertisements
    • 104 1 Top stories Cliffhanger of an election seen in Japan. Murt Page I K KikV Case's Toh See Klat stepping down. Next Page Cerebos net profit triples. Pg 3 Profit-warning rumours fuel siide In Venture shares. Stats warns of lower gross margins due to supply delays. Pg 5 p Asian financial
      104 words
    • 12 1 Tung predicts 6% growth, Pg 10 Sembawang Properties' luxury condo, Pg 7
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    • 33 1 K oii ip VI nrt I \s.JL£ ill ASitJ*. perspectives, problems, personalities I v V* i- i 8 r?" tme 'flu' tiuim mi; Ktat> 4 i i i M; The Arts EL 1
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  • NEXT page
    • 1215 2  -  Many voters uncommitted; LDP strength uncertain; financial markets jittery; political Umbo feared Fromi Anthony Rowley in Tokyo JAPAN goes to the polls tomorrow to vote in a general election whose outcome is probably more uncertain than in any other election during the
      1,215 words
    • ON THE grapevine
      • 62 2 CORPORATE restructuring by financial institutions in Singapore and elsewhere in the region is keeping investment bankers very busy. "As we say in our industry, FIG is big," said Robert Tomlin, managing director for corporate finance at ÜBS Warburg. FIG, which stands for Financial Institutions Group, is the
        62 words
      • 114 2 AUSTRALIAN television viewers were treated to a spicy piece of domesticity the other day when a newsreader branded her husband "an a—hole" during a live broadcast, believing her microphone was switched off. Channel Ten's Brisbane news anchor Marie-Louise Theile, 34, made the comment when Thursday's
        114 words
      • 55 2 HONGKONG businessman Richard Li may own a lot but there is one thing he does not own—the Internet domain name of paciflccentury.com This is actually a matchmaking site that helps American men meet Asian and Russian women. Now, this may not be a bad addition to
        55 words
      • 71 2 A REPORT by Salomon Smith Barney on Asia's Internet industry has this comment on online media in Asia: "We leave aside the wildly popular adult sites, which should not be ignored as an important driver of Internet penetration." Adult Web sites aside, the report titled The
        71 words
    • 561 2  -  MP Tee Ho Pin will become president of the consumer body By, Audrey Tan [SINGAPORE] Outspoken MP and lawyer Toh See Kiat wUI step down as president of the Consumers Association of Singapore (Case) on July 1, after six-and-a-half years on the job. He
      FILE PHOTO  -  561 words
  • Page 2 Advertisements
    • 36 2 Lost your Try finding it at Classification 821 (Found) of The Straits Times Classified. CATS. Buy It Sal k. Find IL M AOUARtUM Net the best catch of the day here. CATS The Straits Times Classified
      36 words

  • Page 3 Advertisements
    • 732 3 BUKIT SEMBAWANG ESTATES LIMITED ISIHI FINANCIAL STATEMENT AND DIVIDEND ANNOUNCEMENT Unaudited Results for the Year ended 31 March 2000 The Board of Directors of Bukit Sembawang Estates United i* pleased to announce the unaudited results of the Group and of the Company for the year ended 31 March 2000 as
      732 words
  • SINGAPORE companies
    • 544 3  -  Turnover up 12%; jump due to revamp, reorganisation of China distribution By] Marissa Chew CEREBOS Pacific has almost tripled its interim net earnings to $19.6 million on healthy sales of its flagship Brands Essence of Chicken in Asia. For the
      ARTHUR LEE  -  544 words
    • 165 3 AFX-Asia SINGAPORE Technologies Engineering Ltd said it has rationalised its operations in the US to better position itself in the rapidly expanding US market. The restructuring mainly involved integrating its four core businesses, including aerospace, electronics, land systems and marine, under Vision Technologies Systems. The
      AFX-Asia  -  165 words
    • 839 3  -  iTOKI lock siew neil behrmann IS the greenback at risk of slipping into a bear market over the coming 12 months? Looking back on the dollar against the euro (synthesised before its birth at the beginning of 1999) and the yen shows
      839 words
    • 372 3  -  Panic sparked by report at Kim Eng Securities Web site By, Jennifer Lien SHARES of Venture Manufacturing yesterday fell as much as 10 per cent in the morning on talk that it had issued a profit warning, but recovered in the afternoon after
      372 words
    • COMPANY Briefs
      • 116 5 ECON International's net profit tumbled 64 par emit to $2 million for the year aided March 31 as turnover Ml 13 per cent to 9360 million. The profits were turned into losses of $3.7 million because of extraordinary losses of $5.8 million, which the
        116 words
      • 77 5 BRILLIANT Manufacturing yesterday said its net profit plunged 76 per cent to $$1.2 million for the half year ended March 31. Turnover was also down 24 per cent to $27.4 million. Earnings per share came to 0.31 cents, down from 1.31 cents previously. The company
        77 words
      • 67 5 AFX-Asia LI XIN Industries, through wholly-owned unit Li Xin Enterprise Pte Ltd, has entered into a deal to buy an initial 19 par cent stake in ICH Ltd for $1.14 million. The deal involves 13,798 new ICH shares valued at $82.62 each and also
        AFX-Asia  -  67 words
      • 31 5 LC Development said Richard Fam Shou Kwong has resigned as an executive director with effect from June 30. However, he will remain as a non-executive director.
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      • 42 5 year ending December as a result ofthe sale. Earnings per share in the same period will rise by about 1.96 cents. Asia Pacific Investment's purchase price was revised down from $480 million. Parkway said in a statement.
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      • 19 5 transfer from Sesdaq to the matoboanLThe effective datcrf ofthe transfer will be announced later.
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      • 42 5 managing director. Lei Huai Chin, a non-executive director since 1999, has been appointed an executive director. See Yen Tarn, an executive director since 1985, will become a non-executive director. Wtlliam Susanto Nursalim's resignation as a director took efffect
        42 words
    • 471 5  -  Management says supply has since recovered from April and May By David Boey ST ASSEMBLY Test Services Ltd (Stats), which makes and tests computer chips, warned investors yesterday that its gross margins would be hit by recent delays in raw
      Source: Bloomberg  -  471 words
    • 363 5  -  Price of CityDev'g Stevens Rd project said to be in line with surrounding properties By] Kalpana Rashiwala CITY Developments has begun a preview of The Equatorial at Stevens Road, offering apartments in the freehold condominium at about $1,900 per square foot after discount,
      FILE PHOTO  -  363 words
    • 367 6  -  Arthur Andersen points to non-technology issues as a big stumbling block By' Toh Han Shih A SIGNIFICANT portion of Asian financial institutions may face problems in adapting to ebusiness, according to a report by Arthur Andersen, a major global professional services firm. For
      367 words
    • 288 6  -  Outlook remains poor as construction sector Upgrowth By 1 Teh Hooi Ling JURONG Cement has plunged Into the red with losses of $5.8 million, compared with $7.2 million profit last year. And the company expects another testing year this year. For the
      288 words
    • 477 6  -  By l Christopher Tan DIVERSIFIED government-linked Intraco, once a visible force In the automotive field, has shed the last vestige of that high-turnover business. Yesterday, it announced it had given up its vehicle repair operations. The news brings to a close Intraco's 12-year
      FILE PHOTO  -  477 words
    • 388 6  -  Public portion makes up only 3.6% of enlarged capital By, Joyce Koh HONGKONG-BASED FDS Networks Group yesterday launched its initial public offering (IPO) of 19 million new shares at 65 cents each for a listing on the mainboard of the Singapore
      ARTHUR LEE  -  388 words
    • 332 6  -  YeoSiahMengtobe chief executive while Tan Kn&n Hong becomes COO By Teh Hooi Ling INFRASTRUCTURE contractor Ipco International yesterday announced the appointment of veteran investment bankers Yeo Si ah Meng and Tan Kuan Hong as chief executive and chief operating officers respectively.
      332 words

  • SINGAPORE markets
    • 277 4 9»o«fc» Vo4um> TrakSc 21,234.000 IPCOaOe 18,078,000 ST Assembly 2So 11,722.000 MWdhTJto 10,834,000 ChutnHup20c 10,81*000 0ssi«ln810o 10,081,000 Adrat10e..~ 9,868,000 FT M18C 8,883,000 IPCCoipn5c.. 8,198,000 IPCOWD2 7,711,000 U0LWB1 18 30.4 34 IPCOWQ2 78.5 24.8 15.5 OC8CRFCW*****8 27 22.7 5.0 U<XW*****2 48 18.5 8.5 OCaC0B«CW*****7 18.5 12.1 20 IPC020C 122 11.9 13.0 TtokSc
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    • 552 4  -  comment STOCKS ven sreenivasan THE Singapore market continued to drift sideways in thin trading yesterday with interest focused on a handful of second-liners and situational stocks. The Straits Times Index traded within a relatively narrow 10-point margin throughout the session before closing with
      552 words
    • 186 4  -  WARRANT WATCH By Ven Sreenivasan THE stock and warrant of infrastructure and construction group Ipco International have been in the spotlight this week following an announcement that Commerce Asset Holdings chairman Mohamad Desa Pachi was leading a takeover of the company. The stock
      186 words
    • 248 4  -  HOT STOCK By < Wong Wei Kong SHARES of IPC Corp rose yesterday, after the Singapore Exchange gave its nod to the company's debt-restructuring plan. IPC shares closed up 1 cent or 4.9 per cent at 21.5 cents. The stock opened at its day low
      248 words
    • 140 4 ♦YEOHiap Seng Ltd will be trading ex-dividend (final 30. Last day for buying-in on a cum basis is on July 5. Data payable is on Aug 22. ♦S'PORE Airport Terminal, Services Ltd will hold its AGM on July 14, at 3.30 pm, Lee Oiseaux Room, Level 5, Marina
      140 words
    • 346 4  -  -1 i comment CURRENCIES larry wee TRADING in the US on Thursday saw the Japanese yen rise through key points versus both the US dollar and the euro, and this carried through into a measured breather for regional currencies in Asian trading
      Source  -  346 words
  • Page 4 Advertisements
    • 84 4 FDS NETWORKS GROUP LTD. (Incorporated in the Bermuda on 19 January 2000) INITIAL PUBLIC OFFERING 19,000,000 NEW SHARES comprising 5,000,000 OFFER SHARES and 14,000,000 PLACEMENT SHARES ISSUE PRICE: 550.65 EACH Applications for Shares may be made on printed Application Forms referred to in the Prospectus dated 22 June 2000. Application
      84 words
    • 48 4 YOU CAN NOW PUT YOUR CPF SAVINGS IN EIGHT important All applications foi units in eiqnt must be made on the application forms accompanying the prospectus investors must read the prospectus The value ot the units and tlie income from them may fall as well as nse ►!< r.s
      48 words

  • 4254 5 Nat Mm CM I f mi w f i w w CtMftfVy MM ($Nk) (Sfltt frt#l (eta) ACE Dynamic# Mar 23 P 0797 OTM 0.90 0.99 IlimOri Jen 20 P 4M (Ml* Qui US %ll» Mar 22 9TJ89 28U7L Ml AmaraHM* MarJS P 2492 2J22 0)9
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  • Page 6 Advertisements
    • 1149 6 Classified First. I Want a home with a sea view? Or simply seeking a new nest? Make the right move: Check The Straits Times Classified First. Buy It Sal It Find It NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER Of THE COMPANIES ACT,
      1,149 words
    • 164 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OCT!I COMMUNICATIONS ASIA PTI LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN purwonl to Section 308 (1) of lII* Componies Act, Cop. 50, thot a Final General Meeting of lit* abov* named
      164 words

  • SINGAPORE news
    • 350 7  -  By' Teh Hooi Ling INFLATION is still tame. The consumer price index (CPI) in May was up 0.5 per cent from a year ago, down from the 1.1 per cent growth recorded in April. Compared with the previous month, the CPI actually
      Source  -  350 words
    • 430 7  -  MAILfTET?] Narayana Narayana I REFER to the articles by Conrad Raj, "OBS scuttles Vickers, Goh merger" and by Catherine Ong, "New sense of empowerment by shareholders? Not quite", both published on June 20. It would appear that Conrad Raj covered a different EGM
      430 words
    • 345 7  -  BO Lee says MAS most keep pace with its foreign counterparts to be effective By Serena Ng MONETARY Authority of Singapore (MAS) chairman Lee Hsien Loong said yesterday that the MAS saw a 30 per cent increase in staff strength
      DESMOND FOO/ST  -  345 words
    • 234 7 FEWER visitors walked through the gates of Singapore's leisure attractions last year, in particular the themebased parks. But the 0.5 per cent drop last year was less pronounced than the 10.9 per cent decline in 1996, the Singapore Tourism Board (STB) said. According
      234 words
    • 66 7 LIM Kwee Enn, chief executive officer of Knowledge Engineering and Woman Entrepreneur of the Year 1999, is this year's recipient of the Singapore Youth Award for Entrepreneurship. Ms Lim will be conferred her award, along with other winners, by Prime Minister Goh Chok Tong
      CHEW SENG KIM/ST  -  66 words
    • 404 7  -  To be launched next month, but prices have yet to be announced By i Corinne Kerk SEMBAWANG Properties will launch a 46-unit luxury condominium called The Edge on Cairnhill early next month. Designed by acclaimed Israel-born architect, Moshe Safdie, the apartments
      404 words
  • Page 7 Advertisements
    • 65 7 We welcome letter*. E-mail us at btlettor9Bph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390Kim Seng Road, Singapore*****s. We need your full name, address and telephone number, so we can verify It came from you. Please use temperate language, and bear in mind libel
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    • 34 7 Classified First. ~~r .j 1 W' --YfT Want to pick up a new hobby? Or simply join the paper chase? Lesson number one: Check The Straits Times Classified First. Buy It Sdilt Ftad IL
      34 words

  • eNews
    • 759 8 REDMOND, Washington Initiative will allow individuals to access data from a wide array of devices AP MICROSOFT Corp Chairman Bill Gates has unveiled an ambitious effort to transform Microsoft's software products into Internet-based personal services, a move top officials describe as
      AP  -  759 words
    • 413 8 SAN FRANCISCO Reuters MARC Andreessen, whose former company Netscape battled Microsoft Corp in the famous browser war, on Thursday announced plans to become an Internet software development partner with his former nemesis. Microsoft and Mr Andreessen's new company, Loudcloud Inc, announced a strategic alliance
      Reuters  -  413 words
    • 358 8 SAN FRANCISCO Reuters AT&T Corp, the No 1 US telephone and cable television company, claimed victory in a battle over high-speed Internet access yesterday when a federal appeals court ruled that local authorities cannot require it to open broadband access to rivals.
      Reuters  -  358 words
    • 400 8 TOKYO Boxes to receive both broadcast and communications satellite signals Reuters JAPAN'S top electronics makers Toshiba Corp, Matsushita Electric Industrial Co and Sony Corp yesterday said they would work together on a standard format for nextgeneration digital TV set-top boxes. The
      Reuters  -  400 words
    • 398 8 TOKYO FT JAPAN'S largest mobile phone operator DoCoMo is considering entering the UK market through a partnership with TIW and Hutchison Whampoa, who control one of the five new licences in Britain. TIW, a Montreal-based telecoms group, paid £4.4 billion (5511.4
      FT  -  398 words
    • 354 8 ZURICH FT SERONO, Europe's biggest biotech company, is planning a US$2 billion (553.4 billion) global public offering of bearer shares to strengthen its acquisition war chest and broaden its liquidity. Merrill Lynch is believed to have beaten JP Morgan and
      FT  -  354 words
    • e Briefs
      • 106 8 Bloomberg [ARMONK, New York] International Business Machines Corp has ousted Sun Microsystems Inc from the No 2 spot in the market for powerful computers that run Web sites, according to first-quarter figures from researcher IDC. IBM, the world's largest computer maker, captured 25
        Bloomberg  -  106 words
      • 88 8 Reuters [HONGKONG] (from left) Riot Entertainment Ltd CEO Jan Wellmann, New World Telephone Group CEO Albert Wong and Twentieth Century Fox Asia/Pacific Vice-President Tomas Jegeus at a news conference hire on Thursday on the launching of the Titan-AE mobile phone game, the world's first wireless
        Reuters  -  88 words
      • 96 8 Bloomberg [TOKYO] MTS Sp A, an international electronic bond dealer, said yesterday that Merrill Lynch Co, Morgan Stanley Dean Witter Co and 12 other securities firms have joined its Japaneee online government bond trading venture. MTS Japan Securities KK is aiming to start
        Bloomberg  -  96 words

  • REGIONAL news
    • 587 9 KUALA LUMPUR Berita Publishing has been incnrring losses far several years NEW Straits Times Press (M) Bhd is negotiating to sell its 100 per cent stake in magazine publisher Berita Publishing Sdn Bhd to a group of investors, believed to
      587 words
    • 58 9 [JAKARTA] Hundreds of fuel truck drivers line up their trucks up during a protest near the central depot for Indonesia's oil giant Pertamina in north Jakarta on Thursday. The drivers were showing sympathy for their fellow drivers after Pertamina's decision to drop some of their delivery orders. The
      REUTERS  -  58 words
    • 425 9 MANILA AFP PHILIPPINE National Bank (PNB) said yesterday it would raise between 10 billion (Ss4l3 million) and 20 billion pesos in a rights issue as part of a capital restructuring move, forcing the government to shelve the sale of its stake in
      AFP  -  425 words
    • MARKET moves
      • 116 9 BERJAYA Sports Toto was the most traded share for the second day running as minority shareholders continued to show their disappointment over the company's recently announced results. Concern that its cash pile is being depleted by inter-group loans to related companies led the stock to shed
        116 words
      • 107 9 CAR dealer UMW closed five sen higher at RM7.70 yesterday alter it was reported that the company was considering a chain-listing for Perodua, its subsidiary with the main franchise for the Kancil, the Malaysian-made car targeted at the lower end of the market. UMW, which has the
        107 words
      • 95 9 AMMB Holdings was among the 10 most active stocks yesterday, with close to 2.2 million shares traded. The counter closed unchanged at RM13.30. AMMB has announced that its merger plans with the Utama group were in the advanced stages of due diligence. But the
        95 words
      • 73 9  -  Compiled by Diana Oon Abdullah FOREIGN fund managers continuing to unwind positions in KLSE blue chips resulted in a weak showing by electricity company Tenaga Nasional and British American Tobacco yesterday. TNB closed 60 sen lower at RM12.40 with some 5.6 million shares done. BAT,
        73 words
    • 412 9 JAKARTA Central bank request for Sjahril's release rejected Reuters AFP BANK Indonesia senior deputy governor Anwar Nasution, who is heading the central bank while its chief is under detention, said yesterday he will stick to economic reforms agreed with the
      Reuters; AFP  -  412 words
    • 241 9  -  Perth firm's project is one ef seven in MSC initiative From Surinder Singh in Sydney MALAYSIA has signed a As3o million (5130.9 million) deal with Perth-based company Intellect Holdings to roll out smart cards as part of the country's Multimedia Super Corridor initiative.
      241 words
    • 157 9 KUALA LUMPUR Phone giant replaces two of its directors in latest reshuffle Reuters PHONE giant Telekom Malaysia Bhd said yesterday that it had named two new directors in the latest reshuffle at the nation's largest listed firm. Telekom said the two Lim Kheng Guan and
      Reuters  -  157 words
    • 472 9 JAKARTA Reuters INDONESIA'S Supreme Court has upheld a lower court ruling dismissing a bankruptcy appeal filed by the Indonesian Bank Restructuring Agency (Ibra) against PT Ometraco Corporation Tbk, in the latest setback for the bank agency. In a ruling dated June 9, but
      Reuters  -  472 words
    • 335 9 JAKARTA AFP INDONESIAN police are set to question President Abdurrahman Wahid next week over a multi-million dollar embezzlement scam allegedly pulled off by his masseur, a report said yesterday. The President, whom the police cleared of any involvement in the last week,
      AFP  -  335 words
    • 246 10 SHANGHAI Reuters SHARES in China's worst performing listed companies plunged yesterday after regulators removed the 5 per cent floor trading limit in a bid to make the markets healthier. Investors rushed to sell the shares, pushing some counters down more than
      Reuters  -  246 words
    • 359 10  -  HK chief concerned about property market bat reveals no new measures to prop np sector From Quak Hiang Whai in Hongkong THE Hongkong economy will grow by more than 6 per cent this year and 4 per cent next year, Chief
      AFP  -  359 words
    • 111 10 WASHINGTON AFX-Asia US President Bill Clinton said he believes a deal has been clinched to ensure that the Senate will finally vote next month on legislation granting permanent normal trade relations to China. "I believe we have agreement... to bring up
      AFX-Asia  -  111 words
    • 181 10 NEW DELHI AFP AN Indian Cabinet panel granted "in principle" approval yesterday to the privatisation of a clutch of staterun firms, while speeding up the sale of government equity in more than a dozen others. Disinvestment Minister Aran Jaitley said the Cabinet committee on
      AFP  -  181 words
    • ASIA Notes
      • 61 10 AFP [BEIJING) The Chinese will get seven days off, from Oct 1, for the country's National Day celebrations as the government tries to increase consumer spending, Xinhua news agency said yesterday. The government is giving people more time off in an apparent attempt to
        AFP  -  61 words
      • 62 10 Reuters [BHOPAL, India) Indian petrochemicals giant Reliance Industries Ltd will invest 100 billion rupees (StSA billion) in an Internet venture in Madhya Pradesh, government officials said on Thursday. Hie investment —to setup 7,000 cyber kiosks in the state—will be through a joint venture firm to
        Reuters  -  62 words
      • 74 10 Bloomberg [HONGKONG] China Unicom Ltd fell on its second day of trade on concerns that the company has risen too fast, considering its second place position in China's telecoms market. Unicom, having surged 11 per cent in first-time trading on Wednesday on
        Bloomberg  -  74 words
  • Page 9 Advertisements
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  • Page 10 Advertisements
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  • WORLD news
    • 674 11 PARIS European commercial aircraft maker decides to offer for sale 560-seat jumbo Bloomberg AP THE four owners of Airbus Industrie, the world's secondbiggest maker erf commercial aircraft, said they will offer for sale a 550-seat super-jum-bo plane, as they agreed to form a new company.
      Bloomberg; AP; REUTERS  -  674 words
    • 299 11 FRANKFURT Reuters DAIMLERCHRYSLER AG will announce an alliance with South Korea's Hyundai Motor Co Ltd this week in a move widely expected to herald a joint bid for debt-ridden Daewoo Motor. DaimlerChrysler, which agreed to buy a 34 per cent stake in Japan's Mitsubishi Motors in
      Reuters  -  299 words
    • WORLD Watch
      • 73 11 Reuters [TOKYO] Morningstar Japan KK staged a strong debut on Nasdaq Japan yesterday, setting the stage for bullish flotations by other Web startups from Internet Investor Softbank Corp's stable, analysts said. The online investment information provider was first traded at 10 million yen (*****,700), up
        Reuters  -  73 words
      • 68 11 Reuters [DENVER} Building products manufacturer Johns Manville Corp yesterday said an investor group led by Hicks, Muse, Tate Furst and Bear Stearns Merchant Banking will buy the company for about US$B billion billion). It said Johns Manville's shareholders will receive U5513,635 in cash and
        Reuters  -  68 words
      • 74 11 Reuters [TOKYO] More than 90 Japanese regional banks are expected to take a combined stake of around 8 per cent, worth some 8 billion yen (*****.6 million), in the new Nippon Credit Bank, sources said yesterday. Nippon Credit was placed under state
        Reuters  -  74 words
    • 123 11 OREGON Reuters WITH an eye on Sydney's Olympic Games, shoe and apparel giant Nike unveiled its space-age "Swift Suit" for sprinters on Thursday. The splashy bodysuit places a high emphasis on aerodynamics and managing muscle temperatures, innovations that should help elite athletes run faster, Nike
      Reuters; AP  -  123 words
    • 526 11 LONDON IPO rush in technology and telecoms sectors has raised fears about too mnch paper and not enough demand Reuters THE feast-or-famine European initial public offering cycle is back into an upswing as investment bankers race to
      Reuters  -  526 words
    • 411 11  -  Some trading giants want Bering to pat np with unequal rights senior official From D Ravi Kanth in Geneixi CHINA yesterday deplored "unreasonable" demands made by some members of the World Trade Organization for its much-awaited entry into the global trade body, pointing an accusing
      411 words
    • 433 11 OSLO Bloomberg TELIA AB, the Nordic region's biggest phone company by sales, said it controls more than half of Norway's Net Com ASA, thwarting an attempt by Danish rival Tele Danmark A/S to gain control of Norway's No 2 phone company. The
      Bloomberg  -  433 words
    • 212 11 PARIS Bloomberg FRANCE Telecom SA will start selling shares in its Wanadoo Internet division from next Friday in an initial public offering valuing the company at about 25 billion euros (5539.8 billion), said sources familiar with the situation. The sale of about
      Bloomberg  -  212 words
    • 390 12 LONDON FTSE International beats MSCI, stakes claim to be Europe's top benchmark index FT FTSE International on Thursday staked its claim to be Europe's top benchmark indexing company by beating Morgan Stanley's MSCI operation in the race to have their global classification system
      FT  -  390 words
    • 837 12  -  from Washington Not much 'bad news' to make revolutionaries like Engßls and Marx happy leon hadar In a new and fUnny biography about Marx (Karl, that is, not Groucho), British author Frances Wheen describes how the father of communism and his friend and co-author
      837 words
    • 130 12 WASHINGTON LATWP THE Clinton administration issued broad new rules late on Thursday to make federal Web sites less snoopy. A memorandum from Jacob J Lew, director of the Office of Management and Budget, came a day after the White House conceded
      LATWP  -  130 words
    • 610 12 NEW YORK Reuters INDIVIDUAL investors who have seen the value of their high-tech stocks crumble in recent months can take solace. Even the biggest names on Wall Street are smarting from the Nasdaq stock market's £aIL Premier US investment banks like Goldman
      Reuters; REUTERS  -  610 words
    • 331 12 WASHINGTON It wants banks to folly disclose their holdings in new era of broader banking Reuters THE Federal Reserve warned US banks on Thursday to take extra precautions against excessive risks from equity investment as the industry moves into a new era
      Reuters  -  331 words
    • 42 12 [SEATTLE] A sculpture made of guitars got the attention of these guests at a pre-opening party on Thursday at Seattle's Experience Music Project The music museum was built by Microsoft co-founder Paul Allen, AP
      AP  -  42 words
    • 527 12 MELBOURNE Move aims to create the world's No 2 iron ore producer; North declares bid inadequate Bloomberg RIO Tinto Pic, the world's largest mining company by market value, has made a As2.B billion (552.9 billion) hostile bid for Australia's North Ltd to
      Bloomberg  -  527 words


  • FINANCE & commodities
    • 245 13  -  SGX Derivatives Tr&dln&Reports Mgfljf fflngapftro TnAw Chan Yet San THE Singapore stock market had another mixed trading day as the Straits Times Index closed up, while the MSCI Singapore Index feU slightly. The MSCI Singapore Index lost 0.67 point or 0.25 per
      245 words
    • 244 13  -  MSCI Taiwan Indu Chan Yet San THE Taiwan stock market closed lower following the fall in the US market overnight. The MSCI Taiwan Index lost 5.23 points or 1.36 per cent to end at 380.10 points. The volume traded was modest at
      244 words
    • 265 13 BURST UMRT Reuters [LONDON] World oil prices continued to climb yesterday, buoyed by technical buying and the looming prospect of an employers' lockout shutting down all crude and gas production in Norway. London Brent Blend crude fiitures for August delivery hit an early peak
      Reuters  -  265 words
    • 329 13 Reuters London THE yen revisited this week's two-month peaks against the dollar yesterday, as traders tested the Bank of Japan's (BOJ) willingness to curb the Japanese currency's advance. Even though the dollar was trading well below the key 105-yen level which Japanese authorities said they would defend, central
      Reuters  -  329 words
    • Article, Illustration
      1115 13 nrrBRBAWK CROSS EATBS 23 AS O f> t— Wr 0» HQ WtoNHH V« 6m OH UNfcfa Ml Mr Wt MH Hmt W AastraAa 0*79 4.938 04* 4.171 1244 4*37 24.591 51*50 0.621 6.660 2261 1265 30.949 25.507 1031 4.123 0.905 6313 ***** 0J96 0995 Canada 1130 5.619 0.724 4747 UH
      1,115 words
    • 1521 13 SICOM FUTURES Jim 23 ■ET™ ro >, < j| ;''*T jnm >|( gg 55 as s SScOO 69.00 69.00 wio (00 MM mwj |SiK00 £w is 6475 «0 MN0 RSS3MMXC0HrUCT(UScnli/hv) Ctat MM OpM -»p~-o*> >-#P £*00 6&90 *90 *9.20 58 SS a 52 a S Nov 00 7150 mo 7400
      1,521 words

  • STOCKS east asia
    • 2657 14 HONGKONG AFP U Hang Seng jjjjj HONGKONG share prices fell 1.3 per cent yesterday on interest rate worries and following overnight declines on Wall Street, dealers said. The key Hang Seng Index lost 214.28 points to close at 15,738.08 on turnover of
      AFP  -  2,657 words
    • Article, Illustration
      857 14 Reuters fjShauhMßlnig +11 CHINA'S hard currency B shares recouped morning losses to end higher yesterday, powered by a tech-led advance in the domestic A share market. The Shanghai B Share Index rose 2.4 per cent, or 1.3 points, to 55.28 on increased, but still light turnover of U5510.23 million.
      Reuters; Source  -  857 words
    • 331 14 AFP QWPlnfax -8*34 TAIWAN share prices closed one per cent lower yesterday on Wall Street's overnight fall and concerns over Beijing's fresh military drills, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 86.84 points to 8,684.98, on turnover of NT575.31 billion. In the near term, the market
      AFP  -  331 words
    • 1830 14 TOKYO AFP QKUuMK -1418 TOKYO share prices dipped 0.8 per cent yesterday on pre-election jitters ahead of weekend polls in Japan, dealers said. The Tokyo Stock Exchange's key Nikkei 225 Index fell 142.8 points to end at 16,963.21. The Topix benchmark of all first-section issues
      AFP  -  1,830 words
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  • STOCKS klse
    • 6659 15 MOO M Day Nat Cap I—i c— Ctmmmx Mi *h <00 Mpk LPM p/k $■> 420 310 A0non»otc 390 uncft 1 390 3S0 19.1 Mt« S8 62 Anpkasa 69 3 39 693 663 KJV7 670 290 AooaoFoodH* 406 -4 12 410 406 9.7 B24 1350 2700 BAT SOt 3150 -29
      6,659 words
    • 297 15 AFP PCupoataMg -1034 MALAYSIAN share prices closed 1.3 per cent lower yesterday on selling of blue chips amid concern about the impending release of long-frozen shares into the market, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended down 10.34 points at
      AFP  -  297 words
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  • SGX clob & regional stocks
    • 1760 16 BOMPS&WARRANTS Jun23 m Ms rtm/ i+n UK *1 «w U1M11I1 *n Imm* Cm tar Mm 1Mb STue J Mi nr nm m+ Im hF hMr MM w» m UN 1timmiA IU -0 5 50 19 I8J 18 19 19 <10 1 300 170 638 13 »-5 "i 1 H 9
      1,760 words
    • Article, Illustration
      699 16 AFP QSETMbi -0.72 THE Thai stock market fell 0.2 per cent yesterday in lacklustre trade, as investors waited for direction from the US Federal Reserve next week, dealers said. The Stock Exchange of Thailand (SET) Composite Index dropped 0.72 of a point to close at 333.31, and the benchmark
      AFP  -  699 words
    • 270 16 AFP Q Composite Index -193 THE Philippine Stock Exchange Composite Index fell 0.2 per cent or 2.93 points to close at 1,542.97. Turnover on the Manila bourse fell to 1.7 billion shares worth 966.2 million pesos from 2.1 billion shares worth 1.16 billion pesos on Thursday.—AFP JaU hn rwll
      AFP  -  270 words
    • Article, Illustration
      654 16 AFP QOMparitebiex ♦L 34 INDONESIAN share prices closed slightly higher on bar-gain-hunting and heavy speculative play in select stocks yesterday, dealers said. The Jakarta Stock Exchange Composite Index closed up 1.34 points at 508.15, off a low of 495.17 on volume of 511.2 million shares valued at 435.29 billion
      AFP  -  654 words
    • 240 16 AFP +m THE New Zealand share market gained 0.1 per cent yesterday in mixed trading among the market leaders, dealers said. The NZSE-40 Capital Index closed up 2.91 points at 2,012.88. Total market turnover amounted to NZ$BB million.— AFP jmn m mm AtfrantaBeHOS 2.95 -OS 144 Mr HZ A
      AFP  -  240 words
    • 479 16 AFP QiHOnttaaria *3.1 A SURGING resources sector led the Australian stock market 0.1 per cent higher yesterday, brokers said. The All Ordinaries Index improved 3.7 points to 3,1273, while the SP/ASX2OO ended 3.5 points higher at 3,177.1. The All Resources Index climbed 24.3 points to 1,279.4. Turnover totalled 802.5
      AFP  -  479 words
    • 250 16 AFP n Composite Index -&3 THE Korea Stock Exchange Composite Index closed down 3.3 points at 778.94. Volume came to 258.2 million shares worth 1.9 trillion won. —AFP JmU AiMdiSMH XWO -100 BratnTacti— •*> undi Cantrdftank 1180 -S CMCom. I31SOO -5SOO Dee G« Bank JIM Daatang Carp W20 -30
      AFP  -  250 words
  • Page 16 Advertisements

  • 7560 17 SGX Transaction date: Jun 23 Or Or M Wt 52-W* LMt V«l Day Last Ou»ta Dtv DM YM M Can H» t— c»w»m I* rooo) laa Onyac 9a8ac Pw W »M Wo *2 W A«ma50c 118 cd unch 68 118 117 117 M 3 43 2.1 143 2043
    7,560 words
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  • Page 18 Advertisements
    • 274 18 Where to wine, dine and <oJ "lunch" 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 #2.90' (Adult) 40% discount' (Child) Apnea
      274 words
    • 24 18 f V i "-.-t—r— D Mil D 5 :LER relives tht music of the r 60'st.> 1 ""'OO'sS*.' with i /l! i -J E£j
      24 words
  • Page 18 Miscellaneous
    • 799 18 r ,t ii ,f ji i i.iTya—Choice). *30 Aksi Mat Yoyo. 11-30 Eye On Japan (r). g.30 Candid Camera. 0.00 Frootees: Rakit. 12.00 AM Headlines. 800 AM Kids Central: 64 9.00 Vested Interest. *30 Cerdik!. 12.02 One Hour News. Zoo Lane/Animal &30 News 5 Tonight. 7.00 Bayiku. LOO Capital E
      799 words
    • 231 18 CRYPTIC CROSSWORD ACROSS tra drink (7) 1 Impartiality, especially between 7To "Mke complications is to be left and right? (14) a cSsaBtef < 9 10 Reservoir should be so sound 8 Chips served on board? (5.9) (4,5) 9 Behaving shiftily whle preparing 11 I put on fur from American mam-
      231 words

  • The Arts
    • 1243 19  -  Of women, for women and by women, pabtathi wayab explores an Arts Festival forum, Text Subtext, that celebrates the fairer sex PARVATHI NAYAR Asian, women. Artists. Seemingly simple words that when put together create a proposition that is complex to define. What's significant, however, is that
      DETAIL FROM 'HELLO GIRLS' BY CHILA KUMARI BURMAN  -  1,243 words
    • 1012 20  -  sues are human issues. AD interview* by Parvathi Nayar Parvathi Nayar NALINIMALANI India "POST-MODERNISM is the best thing that happened to us in India," says Indian artist Nalini Malani, for it allowed artists to move up and down history at will, and use text and images
      SIEW YAW HOONG  -  1,012 words
    • 1008 20  -  ART SAITs Ist collaboration with Christie's is a study of the evolution of art in the region By Parvathi Nayar AN exhibition that looks at the different ways of presenting South-east Asian images to Singaporean art lovers and one that explores regionalism through visual
      1,008 words
    • SINGAPORE ARTS FESTIVAL
      • Article, Illustration
        381 21  -  Experimentum Mundi is an ensemble act by musicians and skilled crafstmen that offers quiet satisfaction, writes pasvathz natar PARVATHI NAYAR THERE are many clever ways to describe Experimentum Mundi "edible opera", for instance where artisans ranging from pasta maker Marcello di Palma to stone mason Fernando Carpineti
        FILE PHOTO  -  381 words
      • 435 21 TODAY Export FHe, Chunky Move (Advisory) (Australia) Where: Victoria Theatre, Bpm, tickets are sold out A Tinted Edge, Toy Factory Theatre Ensemble (Singapore) Where: Jubilee Hall, 2.30pm, tickets at $22 and $32 Black Tide, Taipei Dance Circle (Taiwan) Where: Kallang Theatre, Bpm, tickets at $22, $32, $42 and
        435 words
      • Article, Illustration
        621 21  -  Hie festival closing in Bishan promises to be an orgy of sight and sound By] Koh Huiting THE Arts Festival has seen its fair share of highs and lows, so it's no wonder that at least for the closing celebrations, nothing short of a big bang is being
        PHOTOS BY ARTHUR LEE  -  621 words
      • 525 21  -  Byi Chen Huifen WHEN the lights went out to indicate the start of A Tinted Edge, a group of men and women walked out from the hack of the theatre aisle to the stage. The pace was uniformly alow, and pieces of paper were
        525 words
    • 761 22  -  KOH HUITING WALKING along Mohamed Sultan Road early this week, the pounding music emanating from clubs seemed almost normal. But a small group of local TV celebrities milling around Amoeba's club entrance drew curious onlookers. It turned out to be a mini film festival—or rather, three short
      761 words
    • Article, Illustration
      1556 22  -  r,-,„n. l,■ uompuea ay M Yasotha MUSIC 7th International Piano Festival The Singapore Symphony Orchestra presents four world-renowned pianists, Jon Nakamatsu, Konstantin Lifschitz, Nikolai Lugansky and Frederick Kempf. Programme includes Haydn's Sonata No 33 in C Minor, Chopin's The Four Ballads, Mozart's Sonata in D major and Prokofiev's
      1,556 words
    • Article, Illustration
      271 22  -  By. Koh Huiting ***** What is video art? A very Wt problematic title to define, video art is "any work that has intentions of making a>. statement and which is created with the use of or through the intervention of video". Videoart has also been known as the tool
      271 words
  • Page 19 Advertisements
    • 65 19 Arts Festival news end reviews on EL 3 mmfm dlSdppGdT if yOt^T,Jr,. ji 91 MPi fjj Introducing PruMortgage, Singapore's first mortgage plan with Unemployment Cover For more your or at 1800-333 Prudential Assurance Company Singapore (Pte) Limited. 30 Cecil Street 130-01 Singapore 0497 12. Tel: 1 800- 3 3 3
      65 words
    • 9 19 3 Asian women artists air their views, EL 2
      9 words