The Business Times, 24 June 2000
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2000-06-24
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The Business Times
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Title Section13 2000-06-24 1 THE BUSINESS TIMES MfTA(P)^ta4Sfl^ 85* SINGAPORE Internet: http://business-times.asial .com.sg/ SATURDAY, JUNE 24, 200013 words
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Article42 2000-06-24 1 wmVTSMi U 786J7 (+9.58) nsanaruTOKEs UIMM.4O) STOCK MAMET 0908 njainnMP (> S MWOWW —tijiMg iSSSxw^ZiuKXZL** TAIFHWF! W84*. MM SEOUL OOMP jmu 4* CL&A CBLNA B _l,0».0i +»1« AUSTALLOKD ***** «*7t NoooESrr Change dow io.u6.i2 *nm NASDAQ IMt* MM wan MM.78 -17142 words
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Article70 2000-06-24 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 TOKYO70 words
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892 2000-06-24 1 Quak Hiang Whai - -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 per892 words
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Article, Illustration336 2000-06-24 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 WeekReuters; FILE PHOTO - 336 words
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Article, Illustration450 2000-06-24 1 Andrew Wee - 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. ItsSource: Bloomberg - 450 words
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Article, Illustration865 2000-06-24 1 Corinne Kerk - 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 theSIEW YAW HOONG - 865 words
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Advertisement104 2000-06-24 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 financial104 words
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Advertisement12 2000-06-24 1 Tung predicts 6% growth, Pg 10 Sembawang Properties' luxury condo, Pg 712 words
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Advertisement33 2000-06-24 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 133 words
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1215 2000-06-24 2 Anthony Rowley - 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 the1,215 words
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ON THE grapevine
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Article62 2000-06-24 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 the62 words
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Article114 2000-06-24 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's114 words
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Article55 2000-06-24 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 to55 words
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Article71 2000-06-24 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 The71 words
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Article, Illustration561 2000-06-24 2 Audrey Tan - 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. HeFILE PHOTO - 561 words
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Page 2 Advertisements
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Advertisement36 2000-06-24 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 Classified36 words
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Page 3 Advertisements
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Advertisement732 2000-06-24 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 as732 words
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SINGAPORE companies
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Article, Illustration544 2000-06-24 3 Marissa Chew - 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 theARTHUR LEE - 544 words
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165 2000-06-24 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. TheAFX-Asia - 165 words
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839 2000-06-24 3 neil behrmann - 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 shows839 words
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Article, Illustration372 2000-06-24 3 Jennifer Lien - 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 after372 words
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COMPANY Briefs
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Article116 2000-06-24 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 the116 words
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77 2000-06-24 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 company77 words
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Article67 2000-06-24 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 alsoAFX-Asia - 67 words
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31 2000-06-24 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.31 words
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Article42 2000-06-24 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.42 words
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19 2000-06-24 5 transfer from Sesdaq to the matoboanLThe effective datcrf ofthe transfer will be announced later.19 words
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Article42 2000-06-24 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 efffect42 words
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Article, Illustration471 2000-06-24 5 David Boey - 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 rawSource: Bloomberg - 471 words
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Article, Illustration363 2000-06-24 5 Kalpana Rashiwala - 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
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367 2000-06-24 6 Toh Han Shih - 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. For367 words
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288 2000-06-24 6 Teh Hooi Ling - 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 the288 words
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Article, Illustration477 2000-06-24 6 Christopher Tan - 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-yearFILE PHOTO - 477 words
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Article, Illustration388 2000-06-24 6 Joyce Koh - 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 SingaporeARTHUR LEE - 388 words
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332 2000-06-24 6 Teh Hooi Ling - 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
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SINGAPORE markets
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Article277 2000-06-24 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 TtokSc277 words
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Article, Illustration552 2000-06-24 4 ven sreenivasan - 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 with552 words
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Article, Illustration186 2000-06-24 4 Ven Sreenivasan - 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 stock186 words
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Article, Illustration248 2000-06-24 4 Wong Wei Kong - 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 low248 words
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Article140 2000-06-24 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, Marina140 words
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Article, Illustration346 2000-06-24 4 larry wee - -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 tradingSource - 346 words
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Advertisement84 2000-06-24 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. Application84 words
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Advertisement48 2000-06-24 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.s48 words
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Article4254 2000-06-24 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)94,254 words
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Advertisement1149 2000-06-24 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
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Advertisement164 2000-06-24 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* named164 words
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SINGAPORE news
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Article, Illustration350 2000-06-24 7 Teh Hooi Ling - 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 actuallySource - 350 words
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430 2000-06-24 7 Narayana Narayana - 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 EGM430 words
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Article, Illustration345 2000-06-24 7 Serena Ng - 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 strengthDESMOND FOO/ST - 345 words
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Article, Illustration234 2000-06-24 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. According234 words
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Article, Illustration66 2000-06-24 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 TongCHEW SENG KIM/ST - 66 words
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Article, Illustration404 2000-06-24 7 Corinne Kerk - 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 apartments404 words
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Advertisement34 2000-06-24 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 IL34 words
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eNews
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Article, Illustration759 2000-06-24 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 asAP - 759 words
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413 2000-06-24 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 allianceReuters - 413 words
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358 2000-06-24 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
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400 2000-06-24 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. TheReuters - 400 words
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398 2000-06-24 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 (5511.4FT - 398 words
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354 2000-06-24 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 andFT - 354 words
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e Briefs
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Article106 2000-06-24 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 25Bloomberg - 106 words
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Article, Illustration88 2000-06-24 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 wirelessReuters - 88 words
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96 2000-06-24 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 startBloomberg - 96 words
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REGIONAL news
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587 2000-06-24 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 to587 words
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Article, Illustration58 2000-06-24 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. TheREUTERS - 58 words
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425 2000-06-24 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 inAFP - 425 words
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MARKET moves
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Article116 2000-06-24 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 shed116 words
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Article107 2000-06-24 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 the107 words
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Article95 2000-06-24 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 the95 words
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Article73 2000-06-24 9 Diana Oon Abdullah - 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
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412 2000-06-24 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 theReuters; AFP - 412 words
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241 2000-06-24 9 Surinder Singh - 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
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Article157 2000-06-24 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 andReuters - 157 words
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472 2000-06-24 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, butReuters - 472 words
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335 2000-06-24 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
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246 2000-06-24 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 thanReuters - 246 words
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Article, Illustration359 2000-06-24 10 Quak Hiang Whai - 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, ChiefAFP - 359 words
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Article, Illustration111 2000-06-24 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 upAFX-Asia - 111 words
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181 2000-06-24 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 onAFP - 181 words
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ASIA Notes
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Article61 2000-06-24 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 toAFP - 61 words
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62 2000-06-24 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 toReuters - 62 words
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74 2000-06-24 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 onBloomberg - 74 words
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Advertisement39 2000-06-24 9 WAREHOUSE SALE CALLING ALL WINE LOVERSt AI&FR ance PRESTIGE WINE CELLARS. Dtae: June 24-25 Cfl |1 Time: 10am-6pm Sole Importer: —JJF Venue: 49 JLN PEMIMPIN EQUITRON CONSUMMER ~?L--#01-01 58 Toh Guan Rd #03-00 APSIND.BTDG. *****29 \X Tel: 565-2088 EL39 words
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Advertisement224 2000-06-24 10 ONE OF THESE SHOPS WILL LEAD YOU TO WIN >. CARS PLUS $60,000 CASH! CALL 1900-914-0988 1 Eidnbes re*istratt«i to road to*. mssraoce Md COf IK r u u m B SHSL BW e ESS H uflnGootwr o f^rofnt WIICTIOIL0: E 1 11ITi c SUN PLAZA .-> >.>*t''i IMU n%«n#«224 words
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WORLD news
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Article, Illustration674 2000-06-24 11 PARIS European commercial aircraft maker decides to offer for sale 560-seat jumbo Bloomberg AP THE four owners of Airbus Industrie, the world's secondbiggest maker erf commercial aircraft, said they will offer for sale a 550-seat super-jum-bo plane, as they agreed to form a new company.Bloomberg; AP; REUTERS - 674 words
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299 2000-06-24 11 FRANKFURT Reuters DAIMLERCHRYSLER AG will announce an alliance with South Korea's Hyundai Motor Co Ltd this week in a move widely expected to herald a joint bid for debt-ridden Daewoo Motor. DaimlerChrysler, which agreed to buy a 34 per cent stake in Japan's Mitsubishi Motors inReuters - 299 words
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WORLD Watch
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73 2000-06-24 11 Reuters [TOKYO] Morningstar Japan KK staged a strong debut on Nasdaq Japan yesterday, setting the stage for bullish flotations by other Web startups from Internet Investor Softbank Corp's stable, analysts said. The online investment information provider was first traded at 10 million yen (*****,700), upReuters - 73 words
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68 2000-06-24 11 Reuters [DENVER} Building products manufacturer Johns Manville Corp yesterday said an investor group led by Hicks, Muse, Tate Furst and Bear Stearns Merchant Banking will buy the company for about US$B billion billion). It said Johns Manville's shareholders will receive U5513,635 in cash andReuters - 68 words
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74 2000-06-24 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 stateReuters - 74 words
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Article, Illustration123 2000-06-24 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, NikeReuters; AP - 123 words
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526 2000-06-24 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 toReuters - 526 words
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411 2000-06-24 11 D Ravi Kanth - 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 accusing411 words
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433 2000-06-24 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. TheBloomberg - 433 words
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212 2000-06-24 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 aboutBloomberg - 212 words
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390 2000-06-24 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 systemFT - 390 words
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837 2000-06-24 12 leon hadar - 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-author837 words
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130 2000-06-24 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 concededLATWP - 130 words
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Article, Illustration610 2000-06-24 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 GoldmanReuters; REUTERS - 610 words
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331 2000-06-24 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 eraReuters - 331 words
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Article, Illustration42 2000-06-24 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, APAP - 42 words
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527 2000-06-24 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 toBloomberg - 527 words
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Advertisement13 2000-06-24 12 nheZaoDao CEO explains why NOL is moving some business outofStoore IhV I WHWt:13 words
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FINANCE & commodities
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245 2000-06-24 13 Chan Yet San - 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 per245 words
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244 2000-06-24 13 Chan Yet San - 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 at244 words
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Article265 2000-06-24 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 peakReuters - 265 words
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Article329 2000-06-24 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, centralReuters - 329 words
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Article, Illustration1115 2000-06-24 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 UH1,115 words
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Article1521 2000-06-24 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 74001,521 words
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STOCKS east asia
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Article, Illustration2657 2000-06-24 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 ofAFP - 2,657 words
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Article, Illustration857 2000-06-24 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
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Article331 2000-06-24 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 marketAFP - 331 words
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1830 2000-06-24 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 issuesAFP - 1,830 words
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STOCKS klse
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Article6659 2000-06-24 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 -296,659 words
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Article, Illustration297 2000-06-24 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 atAFP - 297 words
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Advertisement14 2000-06-24 15 A master of cooking. L Or one who just knows his carats. 1800 *****8314 words
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SGX clob & regional stocks
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Article1760 2000-06-24 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 91,760 words
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Article, Illustration699 2000-06-24 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 benchmarkAFP - 699 words
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Article270 2000-06-24 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 rwllAFP - 270 words
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Article, Illustration654 2000-06-24 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 billionAFP - 654 words
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Article240 2000-06-24 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 AAFP - 240 words
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Article479 2000-06-24 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 802.5AFP - 479 words
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Article250 2000-06-24 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 -30AFP - 250 words
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Article7560 2000-06-24 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 20437,560 words
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Advertisement274 2000-06-24 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) Apnea274 words
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Advertisement24 2000-06-24 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£j24 words
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Page 18 Miscellaneous
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Miscellaneous799 2000-06-24 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 E799 words
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Miscellaneous231 2000-06-24 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
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The Arts
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Article, Illustration1243 2000-06-24 19 PARVATHI NAYAR - 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 thatDETAIL FROM 'HELLO GIRLS' BY CHILA KUMARI BURMAN - 1,243 words
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Article, Illustration1012 2000-06-24 20 Parvathi Nayar - 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 imagesSIEW YAW HOONG - 1,012 words
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Article, Illustration1008 2000-06-24 20 Parvathi Nayar - 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 visual1,008 words
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SINGAPORE ARTS FESTIVAL
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Article, Illustration381 2000-06-24 21 PARVATHI NAYAR - 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 CarpinetiFILE PHOTO - 381 words
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Article435 2000-06-24 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 and435 words
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Article, Illustration621 2000-06-24 21 Koh Huiting - 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 beingPHOTOS BY ARTHUR LEE - 621 words
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Article525 2000-06-24 21 Chen Huifen - 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 were525 words
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Article, Illustration761 2000-06-24 22 KOH HUITING - 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 short761 words
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Article, Illustration1556 2000-06-24 22 M Yasotha - 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's1,556 words
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Article, Illustration271 2000-06-24 22 Koh Huiting - 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 tool271 words
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Advertisement65 2000-06-24 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 3 365 words
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Advertisement9 2000-06-24 19 3 Asian women artists air their views, EL 29 words
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Advertisement8 2000-06-24 21 Own a piece of a historic Swiss chalet8 words
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