The Business Times, 8 July 2000

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Microfilm: NL21887
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MITA (P) 035/12/1999 850 SINGAPORE Internet: http://business-times.asial com.sg/ SATURDAY, JULY 8. 2000
    15 words
  • Article
    Lock icon MARKET SUMMARY
    74 1 Dsn IfltUa (+27.88) BT-SH 80M6 (+3.06) sr index fdtukes 20MJW (+28.00) ansa futures 28L10 (+4.30) STOCK HABKET INDICES Friday Change KLSE OOMP 820.47 +4.79 NIKKEI 226 17J9&24 +116.87 HANG SENG *****.96 +340.37 SET INDEX ***** +4.45 JAKARTA OOMP 608.11 -6.32 MANILA OOMP 1,550.60 +819 TAIPEI WPI 8,173.08 -116.31
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  • Article
    Lock icon FINANCE
    80 1 FOBEX BATES us$ ss US$ 1.717 £(USt/S$per£) 1506 1816 EURO(US$/S$/E) 0.951 1.662 DM 1067 0844 YEN 107 j5 1.614 RM 1 m 0.487 HKS 7.796 0523 BAHT 39.72 0.044 MJPIAH 9,328 0.019* 'St to 100 units PRIME KATES SINGAPORE* 580 KIALA LlfMPUR 7.67 JAKARTA 3900 BANGKOK 9SO MANILA 11
    80 words
  • Article, Illustration
    Lock icon Judicial penalty for breaches of corporate disclosure
    852 1  -  Law to be changed so that infractions will no longer be mere breach of SGX rules By\ Siow Li Sen [SINGAPORE] The government has decided to add teeth to the ongoing effort to get listed Singapore companies to become more transparent. It intends
    SIEW YAW HOONG  -  852 words
  • Article, Illustration
    Lock icon MediaRing leaps 45% on market talk of takeover
    577 1  -  Trading volume hits a staggering 64m shares By' Teh Hooi Ling {SINGAPORE] After being trodden upon by investors for much of the last three months, Mediaßing shares yesterday staged a spectacular rally of some 45 per cent or 19.5 cents to 63
    Source: Bloomberg  -  577 words
  • Article, Illustration
    Lock icon Publishers SNP, Pan Pacific to merge
    543 1  -  Pan Pacific to be delisted after share swap By] David Boey [SINGAPORE] Two of Singapore's leading publishers SNP Corporation Ltd and Pan Pacific Public Company Ltd (PPP) will merge via a share swap that will result in the latter being delisted from Sesdaq. One
    Photos: Siew Yaw Hoong; Source: Bloomberg  -  543 words
  • Article, Illustration
    Lock icon Harry Potter suspense keeps the tills ringing
    863 1  -  Fourth book could bring in $l-2m for S'pore's Pansing Distribution By, Jaime Ee [SINGAPORE] How much is Harry Potter worth in Singapore, apart from the fact that the teenaged wizard has single-handedly restored the joy of reading to countless children and almost as
    REUTERS  -  863 words
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      Lock icon Page 1 Advertisements Column 1
      80 1 DISIPE Top stortos Taiwan, S'pore bourses await govt nod for trading alliance. Next Page Barang Barang: More than just knickknacks strewn about. Next Page Greenshoe provision for SMRT float. Pg 4 SIA Engineering Co completes purchase of MSA stake. Pg 4 Preview of The Trevose at average price of $810psf.
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      6 1 Poll text of speech, Pg 3
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      26 1 i Tryst with P fhe Tafe Modern Hr t RHP gallery m* >OTff Defend, ng Desderr.Gna Playwright Ong Konrj Son confronts his f Jot»fir. tors _Jv,
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon North heading south?
        135 2 IN our Grapevine column yesterday, we highlighted the fact that the demand for North 22 Tech's IPO prospectus was so strong that guests at its IPO launch had to be given photocopies of the offer document, presumably because the original print run was quickly snapped up. Now
        135 words
      • Article
        Lock icon Magical rub
        73 2 THE mortgage, car loan and hire purchase teams at Citibank will be having a nice time in Phuket this weekend after sales jumped about four times for its mortgage product. Seems the car loan and hire purchase people are there hoping the mortgage "magic" will rub off on
        73 words
      • Article
        Lock icon Flashing in public
        63 2 THE Ministry of Trade Industry's decision to publish advance GDP estimates as early as 10 days after the end of each quarter based on two months' data comes as a pleasant surprise to many economists. One observer, welcoming the move, exclaimed jokingly: "Wah, GDP flash estimates tucked
        63 words
      • Article
        Lock icon Money fly, fly, fly
        87 2 HERE'S a little ditty we found posted on an Internet chat site this week. Stockmarket players might appreciate the humour: The sailor went to sea, sea, sea To see what he could see, see, see But all that he could see, see, see Was the bottom
        87 words
    • Article
      Lock icon Taiwan, S'pore bourses await govt nod for trading alliance
      353 2 Cross-border share trading deal will be region's second after S'pore-Aussie pact Bloomberg [TAIPEI] Taiwan and Singapore's stock markets are awaiting permission from their respective governments to sign Asia-Pacific's second cross-border share trading agreement, said the president of the Taiwan Stock Exchange
      Bloomberg  -  353 words
    • Article, Illustration
      Lock icon More than just knick-knacks strewn about
      936 2  -  PEOPLE Sonny Boey's Barang Barang stores are methodically planned By( Corinne Kerk [SINGAPORE] Listen to Sonny Boey talk and you'd hear the word "learn" popping up ever so often. Maybe he's just being self-deprecating, eager to ensure that his former employers and mentors are
      SIEW YAW HOONG  -  936 words
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      21 2 fjiAsBBB jTE^iiaaiMa J Jrwy Itourfflm»Bno>«3tyctwfc» I" Visit OCRA's definltlv^Offshor^Companle^Web^^^^l ■TODAY©** plianhe Zaohan mss? Who's itthat fun I M. The New Paper
      21 words
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  • TRANSPARENCY awards
    • Article, Illustration
      Lock icon SIAS' next big challenge
      2439 3 Now that SIAS has helped resolve the Clob issue, it must aim to stay relevant to its members by boosting investor education in Singapore We reproduce below the speech made by Deputy Prime Minister Lee Hsien Loong at the Securities Investors Association (S'pore) Ist Anniversary Dinner.
      PHOTOS: SIEW YAW HOONG  -  2,439 words
    • Article, Illustration
      Lock icon ST Engg most transparent firm
      786 3  -  By Serena Ng DEFENCE technology group Singapore Technologies Engineering (ST Engg) was yesterday named the most transparent company, edging out other top contenders like Nat Steel Electronics, Singapore Airlines, and DBS Group Holdings. "The judging was very difficult, because the top few who were shortlisted
      786 words
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  • SINGAPORE companies
    • Article
      Lock icon Greenshoe provision for SMRT float
      436 4  -  Metro-based group can sell up to 15% more shares if market conditions call for it By < Christopher Tan THE SMRT initial public offer (IPO) will come with a greenshoe provision, according to a preliminary prospectus on the float. This means the issuer can sell
      436 words
    • Article, Illustration
      Lock icon SIAEC completes purchase of MSA stake
      306 4  -  By( Conrad Raj SIA Engineering Company (SIAEC) has completed its US$B million (5513.9 million) purchase of a 40 per cent stake in Messier Services Asia Pte Ltd (MSA), a landing gear repair and overhaul facility at Loyang in Singapore. The remaining shares are owned
      ARTHUR LEE  -  306 words
    • Article
      Lock icon Short-term bargains exist in Japanese bank stocks
      832 4  -  locksiew anthony rowley IS this the right moment to invest in Japanese bank stocks? The question seems timely seeing that most of Japan's 15 leading banks have recently announced their first profits in three years, and given the interest generated by a series
      832 words
    • Article, Illustration
      Lock icon Globe-Isla owners plan investments of up to US$1b
      334 5  -  But spending plans are still dependent on further internal discussions By' Teh Hooi Ling MAJOR shareholders of the Philippines' Globe Telecom and Isla Communications (Islacom) Singapore Telecom, Deutsche Telekom and Ayala Corp plan to invest US$BOO million to US$l billion (Ssl.4 billion
      FILE PHOTO  -  334 words
    • Article
      Lock icon US slowdown to hit Asia; Europe, Japan lead growth
      403 5  -  By Ling Su Ann ASIA will be affected by any US slowdown but Europe and Japan will become the next engines for global economic growth, said BNP Paribas' head of market economics, Paul Mor-timer-Lee. BNP's London-based economics expert expects US gross
      403 words
    • Article
      Lock icon Goodpack IPO 9.5 times subscribed
      206 5 MAINBOARD-BOUND Goodpack Ltd's retail tranche of 9.4 million shares has been 9.5 times subscribed. The initial public offering, which closed on Wednesday, was priced at 48 cents a share. The integrated reverse logistics provider said in a statement yesterday that it received applications for a
      206 words
    • Article
      Lock icon Amara moves to mainboard from Monday
      153 5 AMARA Holdings will start trading on the mainboard on Monday. "We believe that our newly attained status will draw more interest from the investment community on the whole," chief executive Albert Teo said yesterday in a statement unveiling the company's elevation from its Sesdaq
      153 words
    • COMPANY Briefs
      • Article
        Lock icon End soon for Jardine unit privatisation
        119 5 AFX-Asia JARDINE Matheson Holdings is targeting to complete the planned privatisation of Jardine International Motors by end-September this year, Jardine Matheson managing director Percy Weatherall said. Under the privatisation plan, Jardine Matheson will be paying HK54.29 per Jardine Motors share. Jardine Matheson will require
        AFX-Asia  -  119 words
      • Article
        Lock icon Boustead S'pore profit rises to $2.9m
        139 5 BOUSTEAD Singapore posted a group net profit of $2.9 million for the year ended March, up from a $70,000 net profit previously. Turnover rose 16.2 per cent to $131.9 million, thanks chiefly to higher contributions from the food, marketing and distribution, and the information
        139 words
      • Article
        Lock icon Excel Machine bags $4.1m contracts
        109 5 EXCEL Machine Tools yesterday announced it has secured two contracts valued at $4.1 minion for government institutions/turnkey project sales. The first contract is a $1.8 million supply order by a Singapore company. The other involves a project sales-based supply and installation contract of about $2.3
        109 words
    • Article
      Lock icon BT SHARE information service
      4972 5 MM KM Ming WaftUSS Mpy 02 F 17.192 13-263 8.91 637 Data TV LY TV LV Mawtartosdla Jun09 P 5.718 3329 3.10 196 Cmmmn mm ($m) (ets) (eta) Mrtstocti Jun 09 P 3.713L 1772 *71 2.42 i" r" r Multi-Cham Maris P 7.881 3.KJ9 589 0
      4,972 words
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      1624 4 4\k TRI-M TECHNOLOGIES (S) LIMITED /gw%\ (INCORPORATED IN THE REPUBLIC OF SINGAPORE) Tfca Dtractors of Trf-M Tachnotogiaa (8) Ltd ariah to announce tha unaudHad raaulta for tha yaar andad 31 tt March 2000. Group Company SS'OOO SS'OOO 2000 1999 Change 2000 1999 Change 1. (a) Turnover 34,005 50.467 -33 51,136
      1,624 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon CL's SIA covered warrant deserves a second look
      194 6  -  WARRANT WATCH By R Sivanithy SINGAPORE Airlines' share price has recently been boosted by its solid load factors and a drop in oil prices. In turn, this has helped bring on demand for the Credit Lyonnais covered call on the national carrier's
      194 words
    • Article
      Lock icon Untitled
      499 6 Stocks Volume MediaRing 10c 64,098,000 Shining 15c 34,122,000 PKTech 5c 26,338,000 ParkwayLab 5c 18,670,000 Liang Huat 10c 18,542,000 AddvalTech2.5c 15,738,000 Trek 5c 14,448,000 CEI5c 13,875,000 MMI HkJgs 10c 13,248,000 STEngg 10c 12,727,000 Stocks OCBC 65,932,638 DBSGrp 61,776,763 Chart Semiconductor 26c 53,318,000 MediaRing 10c 35,372.965 ST Engg 10c 34,169,640 SIA 33,267,060
      499 words
    • Article, Illustration
      Lock icon Bank, tech stocks lead rally, but 2,100-level eludes STI
      520 6  -  =11 comment STOCKS r. sivanithy Tl he Straits Times Index J yesterday reverted to its 1 recent uptrend. It made a valiant attempt to conquer the 2,100 mark but failed in the final hour. After peaking at 2,106, the STI closed
      520 words
    • Article, Illustration
      Lock icon ST Engg: key to $3 target is volume
      225 6  -  HOT STOCK By' Ven Sreenivasan THERE were five stocks which hit record highs yesterday as the Straits Times Index recorded its biggest gain in a week. ST Engineering was one of them. The stock jumped 12 cents or 4.6 per cent to
      225 words
    • Article
      Lock icon Market Notices
      141 6 ♦SSANGYONG Cement (S'pore) said Lee Ken-Woong has resigned as a director with effect from July 1. ♦COURTS (S'pore) will hold its AGM on July 21 at 11 am, Board Room, 22 Pandan Road. ♦LUNG Kee Metal Holdings will be trading ex-dividend (final dividend of 10 HK cents tax
      141 words
    • Article, Illustration
      Lock icon US$ charges ahead of expected strong job figures
      328 6  -  -I I comment CURRENCIES larry wee THE US dollar ruled supreme in Asian trading yesterday, ahead of what is expected to be another set of strong US employment statistics due out last night, and boosted in part by a Nasdaq turnaround as
      Source: Reuters  -  328 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      829 6 m Goodpack Limited (Incorporated in the the Republic of Singapore on 14 February 1980) Invitation in respect of 86,000,000 ordinary shares of $0.01 each comprising 68,000,000 New Shares and 18,000,000 Vendor Shares as follows:(1) 18,000,000 Offer Shares comprising: (i) 9,400,000 Offer Shares by way of public offer at $0.48 for
      829 words
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      Lock icon Page 6 Advertisements Column 2
      48 6 YOU CAN NOW PUT YOUR CPF SAVINGS IN EIGHT. important AJI applicattons for units in eight must be made on the application forms accompanying the prospectus investors must read the prospectus The value of the units and the income from them may fall as well as nse S3IXISBANK-
      48 words
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  • Page 7 Advertisements
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      132 7 4 Uhmhhmhh ■vv r sPE* Hyfcl *Uy >p «BH» hHBHB> His M> WHHi f > J ;sS?£ --Sp&ga? S i j- ti -1 vr^ ■!>■■» .mi «■■!< ML. > I MB»n I |1 'IwiSii I II Hiiii ■i I 9 I I V I V V ;.,"^Fv#^ IVII I I
      132 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon May terms of trade continue to worsen on higher oil prices
      279 8  -  I =1 on the economy trade m Marissa Chew SINGAPORE'S terms of trade continued to worsen in May, with the cost of imports pushed up by high oil prices. The import price index rose 9.2 per cent from 93.1
      Source  -  279 words
    • Article
      Lock icon Caltex raises pump prices, other oil firms seen following
      303 8 PUMP prices are up again barely a month after the last round of increases. The first to announce the change was Caltex, which said its petrol prices at all its 32 stations here will go up by five cents and diesel
      303 words
    • Article
      Lock icon Hello, hello, let's use handphones with courtesy
      190 8 THE slogan for this year's courtesy campaign is "Let's use handphones with courtesy". Reflective of the pervasive use of these devices in the country, the campaign will urge Singaporeans to be more mindful of their handphonetoting habits. It will also remind people to
      190 words
    • Article
      Lock icon Japanese attachment proves eye-opener for 6 S'pore firms
      200 8 SIX companies in the infrastructure, power and construction sectors had a glimpse of some of the business opportunities available to foreign companies in Japan after they completed an attachment with the Japan Bank for International Cooperation (JBIC) a fortnight ago. The company
      200 words
    • Article
      Lock icon Broadcasting price-sensitive news
      410 8  -  Raymond Chow Vice-President Corporate Communications Singapore Exchange Limited WE refer to the letter by Lim Wah Fong "Puzzled by the way SGX handles some issues" (Mailbag, June 30). In line with global best practices in major markets around the world, SGX has established procedures for listed companies
      410 words
    • Article
      Lock icon Must S'pore investors get burnt just to learn?
      338 8  -  Joycelyn Lee ALLOW me to give some comments to Geraldine Low's letter "Unit trust 'cooling off period a setback" BT, July 6). Unit trust investments are a part of the financial planning process for Singaporeans to diversify their funds across various financial
      338 words
    • Article, Illustration
      Lock icon Preview of leasehold condo The Trevose, average price is $810psf
      729 8  -  Official launch of 142 unit Bnkit Timah project won't be until later this year By] Kalpana Rashiwala CITY Developments and Trade and Industrial Development (TID) yesterday began a preview of The Trevose, a 99-year leasehold Bukit Timah condominium just across
      729 words
    • Article, Illustration
      Lock icon Dairy Farm to roll out 10 hypermarts in 3-4 years
      364 8  -  Giant to open in M'sia, S'pore, Indonesia; S'pore outlet expected to break even in a year By, Joyce Koh HONGKONG-based food and drug retailer Dairy Farm International (DFI) will roll out 10 more hypermarkets under its Giant brandname across South-east
      STEVEN LEE/ST  -  364 words
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  • eNews
    • Article
      Lock icon Compaq, IBM team up to sell network data storage products
      449 9 NEW YORK They'll invest a combined USslb to take on market leader EMC Corp Reuters NYT COMPAQ Computer Corp and International Business Machines Corp said on Thursday that they have joined forces to develop and sell computer network data storage
      Reuters; NYT  -  449 words
    • Article
      Lock icon Aussie companies form e-commerce exchange
      358 9  -  cor Procure involves 14 of Australia's largest companies From Surinder Singh in Sydney FOURTEEN of Australia's largest companies have banded together to form an e-com-merce exchange, cor Procure, to handle purchases worth AsB billion (558.16 billion) over the next two years. They are Telstra, AMP,
      358 words
    • Article
      Lock icon Mad over mahjong? Play it online
      487 9 HONGKONG Reuters MAHJONG, China's centuries-old betting game, has launched itself in cyberspace, creating virtual gaming houses where friends can gossip and lay a friendly wager. The eastern equivalent of poker, mahjong is renowned for bringing friends together to chat and bet on the game
      Reuters  -  487 words
    • Article, Illustration
      Lock icon Oracle's network computer to make debut on Amazon
      187 9 Reuters [SAN FRANCISCO] The network computer championed by Oracle Corp chairman Larry Ellison will make its debut on the Amazon.com auction site, the computer's maker said on Thursday. But only 10 of the computers will be sold as "limited edition" models, as
      Reuters  -  187 words
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      Lock icon Page 9 Advertisements Column 1
      177 9 For more information, please visit our website: http//www.greatslngaporesaie.com.sg x Excludes registration fee, road tax, insurance and COE Spend $30 minimum in a single receipt at any participating outlet. Grand Draw: Participating Outlets Lall 1900-914-0988 to submit your entry on the same day, you will stand a chance to win one
      177 words
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  • REGIONAL news
    • Article, Illustration
      Lock icon HK-based funds held HK$3.5t last year: survey
      405 10  -  HKs2.7t of this amount was farmed ont overseas while HKs763.lb was managed in HE From Quak Hiang Whai in Hongkong HONGKONG-BASED fund managers held HK$3.5 trillion (***** billion) of funds last year of which HK5749.4 billion were directly managed by them, a survey
      Source: SFC  -  405 words
    • Article
      Lock icon M'sia's industrial output surges 19.3%
      224 10 KUALA LUMPUR Bloomberg MALAYSIA'S industrial output rose in May at its fastest rate in three months, spurred by stronger demand for electronics parts. Total output rose 19.3 per cent in May from a year ago after gaining 17.9 per cent in April, the Department of
      Bloomberg  -  224 words
    • MARKET moves
      • Article
        Lock icon PIE Industrial up 33% on first day
        97 10 NEW second-board listing PIE Industrial made a strong debut yesterday. The counter rose 92 sen or almost 33 per cent over its listing price of RM2.80 to close at RM3.72. It opened with a 90 sen premium, and traded to a day-low of
        97 words
      • Article
        Lock icon Time, Sapura up on possible deal
        111 10 STOCKS of both Time Engineering and the Sapura group were higher yesterday after Sapura confirmed that it was in talks with government investment arm Khazanah Nasional to take part of the 30 per cent stake the latter was buying in Time's telco arm, Time
        111 words
      • Article
        Lock icon MMC makes gains
        79 10 MALAYSIAN Mining Corp Bhd's price was higher yesterday after the company raised its stake in its Australian mining subsidiary, Ashton Mining. Ashton has a 40 per cent stake in the Argyle Diamond Mines JV. A recent share buy-back exercise by Ashton has raised MMC's stake to 49.92
        79 words
      • Article
        Lock icon Telekom rises on TM Touch plans
        47 10  -  Compiled by Diana Oon Abdullah TELEKOM Bhd shares rose yesterday after the company announced expansion plans for its mobile phone unit, TM Touch. Telekom is making an RMBOO million (***** million) investment in TM Touch. Telekom climbed 10 sen to RM12.90.
        47 words
    • Article, Illustration
      Lock icon KL economy not hit by weapons robbery: Daim
      328 10 In fact, investors praise quick action to resolve crisis Bernama AP AFP Reuters [KUALA KEDAH] Finance Minister Daim Zainuddin said yesterday the weapons robbery crisis in Gerik has not affected the economy, with investors even praising Malaysia's method of overcoming the problem.
      Bernama; AP; AFP; Reuters  -  328 words
    • Article
      Lock icon Thai Airways delays IPO to float 23% stake
      301 10 BANGKOK Decline in share price cited as reason; global roadshow when price is higher AFP THAI Airways International has put its planned initial public offering of a 23 per cent stake in the company on hold following a sharp decline in the
      AFP  -  301 words
    • Article
      Lock icon Thailand, Malaysia to buy Inro stock
      270 10 Reuters THAILAND and Malaysia agreed yesterday to form a joint venture to buy and sell 140,000 tonnes of rubber stock held by the defunct International Natural Rubber Organisation (Inro). Senior officials from the two countries made the announcement at a meeting in Jakarta, where
      Reuters  -  270 words
    • Article
      Lock icon Ford wins nod for US$80m car plant in Chongqing
      670 11 CHONGQING. China Joint venture with China's Chongqing Changan Antomobile Production Group Bloomberg FORD Motor Co received approval from the Chinese government to proceed with plans for an US$BO million (*****.4 million) car plant, just a week after the world's No 2
      Bloomberg  -  670 words
    • Article
      Lock icon China Telecom to raise US$7-12b in IPO: report
      192 11 IPOS Reuters [HONGKONG] China Telecommunications (Group) is planning to raise between US$7 and US$l2 billion (5512.1-20.8 billion) in an initial public offering (IPO) in Hongkong and New York, a Hongkong newspaper said yesterday. The Hong Kong Economic Journal said without quoting sources
      Reuters  -  192 words
    • Article
      Lock icon China insurer plans A-share listing
      233 11 SHANGHAI Bloomberg CHINA Pacific Insurance Co, the nation's third-biggest insurer, said it plans to sell shares to Chinese investors, becoming the first Chinese insurance company to do so. The state-owned company, based in Shanghai, has applied to the China Insurance Regulatory Commission for permission to
      Bloomberg  -  233 words
    • NOTE Book
      • Article
        Lock icon 7 more China firms expect interim losses
        59 11 AFX-Asia [SHANGHAI] Seven A-share companies yesterday said they expect to report net losses for the six months to June. They include Xiamen Xiaxin Electronics Co Ltd and Hainan Hong Kong Macao Industry Co Ltd. The China Securities daily reported that 43 companies so
        AFX-Asia  -  59 words
      • Article
        Lock icon Beijing moves to open telecoms sector
        77 11 AFX-Asia [HONGKONG] China has drafted regulations that effectively open its telecommunications sector to foreign service providers but which retain the ties between the Ministry of Information Industry and the state-owned China Telecommunications Corp, The Asian Wall Street Journal reported. The draft regulations divide players
        AFX-Asia  -  77 words
      • Article
        Lock icon Taipei has NT$181m for share baying
        54 11 AFX-Asia [TAIPEI] The Securities and Futures Commission said the four major government funds have a total of NTSIBI.4 billion (5510.2 billion) for further stockmarket investment. The four funds have a combined capacity of NT5422.5 billion for stock investment, with some NT5241.1 billion already used,
        AFX-Asia  -  54 words
    • Article
      Lock icon Short slowdown at HK bourse
      150 11 HONGKONG Reuters THE Stock Exchange of Hong Kong said it had experienced a slowdown with its Automated Order Matching and Execution System (AMS2) for 12 minutes in early trade yesterday. "The system, AMS2, of the Stock Exchange of Hong Kong had experienced a slowdown from
      Reuters  -  150 words
    • Article
      Lock icon Billions of yuan in govt funds diverted: AG
      181 11 BEIJING AFP CHINA'S top auditor attacked state departments and tax offices for illegally diverting billions of yuan in government funds and a catalogue of abuses, state media reported on Thursday. Li Jinhua, auditor-general of China's National Audit Office, said state tax departments
      AFP  -  181 words
    • Article, Illustration
      Lock icon Tung denies pressure on pollster
      181 11 HONGKONG Reuters HONGKONG leader Tung Chee-hwa denied yesterday he had pressured a pollster to stop doing popularity surveys of him and the performance of his government. "I have not asked anyone, and I have not authorised anyone, to ask any institutions, universities or poll-tak-ers, to
      Reuters; AP  -  181 words
    • Article
      Lock icon Indonesia's fate is at stake
      1020 11  -  WRITER'S! MIL 1MB karim raslan Karim Raslan is a KL-based writer and lawyer AS THE Indonesian rupiah hovers near the psychological 10,000 mark against the US dollar and the country braces itself for President Abdurrahman Wahid's appearance in Parliament on July 20 (to justify his
      1,020 words
    • Article, Illustration
      Lock icon Branson flies Virgin to India in style
      263 11 NEW DELHI AFP VIRGIN Atlantic chief Richard Branson brought traffic here to a halt yesterday as he drove an autorickshaw through the heart of the Indian capital's business district to celebrate his airline's arrival in India. "It is always good to mix business
      AFP  -  263 words
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      Lock icon Page 10 Advertisements Column 1
      1645 10 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 0* I' HO WAH GENTING INTERNATIONAL LTD 5 I NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting T, Q of the Company will be held on the 4th day of August 2000 at
      1,645 words
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      Lock icon Page 10 Advertisements Column 2
      359 10 IN THE MATTER Of THE COMPANIES ACT, CHAPTER 50 SPL WORLDGROUP (S) PTE LTD MEMBERS VOLUNTARY LIQUIDATION At an ExtraorAnary General Meeting of the Company convened and held at 75 Hawthorne Plaza. Suite 2000, San Francisco. CA *****. USA on 30 June 2000. the Mowing resolutions were duly passed 1
      359 words
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  • WORLD news
    • Article, Illustration
      Lock icon Pressure on BOJ not to end zero-rate policy
      590 12  -  Pragmatism urged but BO J expected to watch economic data for direction Reports by Anthony Rowley in Fukuoka PRESSURE continued to mount yesterday on the Bank of Japan not to end its zero interest rate policy, as many fear it is planning
      AP  -  590 words
    • Article
      Lock icon Ringing endorsement for Asian monetary cooperation
      739 12 RECENT moves to strengthen Asian monetary cooperation received a ringing endorsement yesterday from regional financial leaders who called for the expansion of the "Chiang Mai initiative" on currency swaps among Association of Southeast Asian Nations (Asean), Japan, China and South Korea to include other
      739 words
    • Article
      Lock icon Merrill brokerage unit may axe 2,000 workers: report
      280 12 NEW YORK It'll cut marketing, strategy and tech jobs from retail nnit Bloomberg MERRILL Lynch Co is considering cutting 2,000 jobs from its brokerage unit, or about 5.4 per cent of the total, the Wall Street Journal reported yesterday, citing people close
      Bloomberg  -  280 words
    • Article, Illustration
      Lock icon Puppets on the Web
      51 12 [LONDON] Kerry Taylor from Sothebys with the Spitting Image puppet of Britain's Prince Charles at the New Bond Street branch of Sothebys, where a sale of2ooof the famous puppets from the TV series went on sale over the Internet yesterday. The Web site address is www.sothebys.amazon.com.
      AP  -  51 words
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      Lock icon Blair to recommend Britain join euro in next parliament
      440 12 LONDON 5 economic conditions most be met and referendum to be held Reuters PRIME Minister Tony Blair said on Thursday his government would recommend early in the next parliament that Britain join the euro, provided there was continued convergence of the
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      Lock icon US jobs market lacklustre in June
      555 12 WASHINGTON Report eases fears Fed will hike rates to slow growth Reuters Bloomberg THE US jobs market was lacklustre in June, the Labour Department report showed yesterday, easing fears that the Federal Reserve would keep raising interest rates to slow the economy's growth. The
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      Lock icon Korea phone operators junk Qualcomm
      279 12 SEOUL Bloomberg KOREA'S biggest mobilephone operators said they plan to use a system developed by Nokia Oyj, Ericsson AB and NTT DoCoMo Inc for high-speed Internet access, turning their backs on a Qualcomm Inc version. Qualcomm shares fell 5 15/16, or 9.6 per cent, to
      Bloomberg  -  279 words
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        Lock icon PWC quits as auditor to Morgan funds
        58 12 Bloomberg [WASHINGTON] Morgan Stanley Dean Witter Co said PricewaterhouseCoopers resigned as an auditor of its mutual funds because of a potential conflict of interest. The resignation, reported in filings with the Securities and Exchange Commission, affects funds with assets of about US$2O billion
        Bloomberg  -  58 words
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        Lock icon 7 NYSE stooks to turn dollars and cents
        80 12 Bloomberg [NEW YORK] FedEx Corp, Gateway Inc and Hughes Supply Inc are among the first seven stocks the New York Stock Exchange will trade in dollars and cents as US markets convert from pricing stocks to decimals from fractions. The NYSE will
        Bloomberg  -  80 words
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        Lock icon Asics wins order against Reebok
        60 12 Bloomberg [BOSTON] Asics Corp won a temporary court order stopping Reebok International and Polo Ralph Lauren from making or selling a brand of cross-trainer shoes bearing a stripe design similar to Asics. The preliminary injunction stems from a trademark infringement suit Asics filed against Reebok,
        Bloomberg  -  60 words
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  • FINANCE & commodities
    • Article
      Lock icon Late profit-taking limits rise in STI futures
      303 13  -  SGX Derivatives TnMa&Reparts STlndeac/MSClS'pore Index Chan Yet San Rtfco Singapore SINGAPORE stocks bounced back up yesterday after the US and Europe exchanges closed higher overnight. The Straits Times Index climbed 27.88 points or 1.35 per cent to 2,092.63. Within the index, 40 counters
      303 words
    • Article
      Lock icon Futures lose initial momentum to end lower
      255 13  -  MS& Taiwan Index Chan Yet San Rtfco Singapore TAIWAN stocks went down again yesterday as chipmakers continued to weaken. The MSCI Taiwan Index gave up 6.36 points or 1.72 per cent to close at 362.54. The volume within the index was average at
      255 words
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      Lock icon Oil dips despite Kuwait letdown
      177 13 EMBROY REPORT Reuters [LONDON] Oil prices continued to fall yesterday despite fresh uncertainty about producers' pledge to boost output to lower high prices. North Sea benchmark Brent blend crude futures for August delivery slipped 32 US cents in early London trade to U5529.35 per barrel.
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      Lock icon CURRENCY REPORT
      330 13 Reuters London THE US dollar was firm against the euro yesterday ahead of the US employment report and amid renewed confidence in the US economy. The yen clawed back ground against the US dollar and euro after failing to extend earlier one-month losses against the greenback and challenged
      Reuters  -  330 words
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      Lock icon Untitled
      1830 13 8I00M FUTURES Jul 7 j RMKI (Mm cMa* «s at 130m) ISS1 CO*T*ACT(S cMtVkq} CtoM Mm OpM Witt Htqfe Low Sttt (toMta) Marast Hat 00 H2.00 Sap 00 116.75 400 I Oct 00 W8.00 NOV 00 118.75 1 «SS3C0HmCT(US«qtVH) MM OpM Mutt HM Lm Satt «omos) hrtarast /MOO 6425 6400
      1,830 words
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      1238 13 DtTBRBAMK CROSS RATES jui7 AS C$ffcE«ro Pfr Dm HK$ liW Ihipiah Yon Wow Ml M2}hm Hw S$ Bwd Sir MT$ M* Hmt Australia 0.873 4.877 0.6W 4.054 1.209 4.581 ***** 54.804.0.632 6.574 2.233 1280 30.726 2SJ76 1021 4.021 0.956 18.123 23.335 0390 0.588 Canada lt46 5.589 0.708 4.645 1.385 5.249
      1,238 words
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  • STOCKS east asia
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      Lock icon HK shares rise 2.1% as buyers shrug off caution
      2813 14 HONGKONG AFP Ham Sen* *34(137 SHARE prices in Hongkong closed 2.1 per cent higher yesterday following overnight gains on Nasdaq and heavy buying in China Mobile, dealers said. The key Hang Seng Index gained 340.37 points to close at 16,829.96 on
      AFP  -  2,813 words
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      Lock icon Tokyo shares rise cautiously on US lead
      1989 14 TOKYO AFP Htfikkeiaas +115J7 SHARE prices in Tokyo rose 0.7 per cent yesterday, led by gains in electronics and high-technology companies, in line with a rally on the US tech-heavy Nasdaq. The key Nikkei 225 Index closed 115.87 points higher at 17,396.24. "After
      AFP  -  1,989 words
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      Lock icon CHINA
      1002 14 Reuters HShemhaiß Index *113 SHARES in China finished higher yesterday on a technical rebound as worries over a deluge of shares from new issues tapered off. The Shanghai hard currency B Share Index erased some earlier gains to end up 0.89 per cent, or 0.484 of a point, at
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,002 words
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      Lock icon TAIPEI
      332 14 AFP Index -***** TAIWAN shares closed 1.4 per cent lower yesterday in lacklustre trade, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 116.31 points to 8,173.08, on turnover of NT569.6 billion. "There is clearly a lack of confidence in the stock market as government policies remain unclear,"
      AFP  -  332 words
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      58 14 investment poktfouo I I Dnmt Lin« Limits I IPO. Shares. Bonds. Stocks* Annual Reports, r ggp" I I Whatever you're offering, we help you reach out I I to 86.7% of all adults in Singapore dally. -i-ri-' i. 1. K tw£ii mmtm The Stra tS Times The us ness Tim
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  • STOCKS klse
    • Article, Illustration
      Lock icon KL shares rise as sentiment improves
      441 15 AFP 71 Composite Index +4.79 MALAYSIAN shares closed 0.6 per cent higher yesterday as dealers said investors apparently believed the market had fallen far enough in recent days. The Composite Index ended up 4.79 points at 820.47. The Second Board Index was up 2.50
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      8884 15 WOUSTMALS Cqhsmmt protects *000 L«t Vol Day Net Cap Law Cswaay Sale -QOO Mlfh Law Pft %m* 420 310 Ajlnomolo 354 194 143.5 158 62 Angkasa 71 I 19 715 70.5 K>4.7 670 290 A potto Food Hlg 460 10 0 184 0 3350 2700 BAT50C 3175 25 77 31.5
      8,884 words
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  • SGX clob & regional stocks
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      3176 16 BONDS WARRANTS m? m Mi M u»tnr U-«Mk Utt HilQiHi haatf Cw Lur Mk IMa ■0 1m j I* ««r- COM) W# la" Mr* Mhr Mm MimM Mo <*> 8nrt»«T Laft 60 16.5 Acma W*****4 20 0.5 65 20 t9 20 20.5 20 41.0 1 300 167 6.00 12 41
      3,176 words
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      Lock icon SEOUL
      311 16 AFP PI Composite Index +4JI SOUTH Korea's Composite Index edged up 0.5 per cent or 4.11 points to 841.74. Rises led falls by 591 to 252, with 40 issues unchanged. AFP Ml Won Anem Semi ***** -400 Brain Tech 960 40 Central Bank 1T50 20 Ctw4l Comm ****** -5000
      AFP  -  311 words
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      Lock icon MANILA
      261 16 AFP Composite Index +BJ9 PHILIPPINE shares closed 0.5 per cent up yesterday on select blue-chip buying. The Composite Index finished 8.19 points higher at 1,550.60. The market volume was also higher at 1.37 billion shares worth 882 million pesos.—AFP Ml Hm *h COW MRC Allied 0.56 unch 0 Abacus
      AFP  -  261 words
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      Lock icon WELLINGTON
      280 16 AFP QICSE-M *27.28 NEW Zealand shares closed up 1.3 per cent yesterday on the back of renewed interest in market giant Telecom, dealers said. The NZSE-40 Capital Index closed up 27.28 points at 2,067.91 on turnover of NZ$l6l million. Telecom rose 35 cents to NZ$7.35 —AFP Ml rOOB) Advantage
      AFP  -  280 words
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      Lock icon SYDNEY
      550 16 AFP CI All Ordinaries -LP AUSTRALIAN shares eased by 0.03 per cent yesterday after profit takers brought the market down from a new record high reached in the first hour of trade, brokers said. The All Ordinaries Index closed down one point at 3,261.0, after hitting a record intra-day
      AFP  -  550 words
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      Lock icon BANGKOK
      777 16 AFP *4.45 THAI share prices rose 1.4 per cent yesterday on light buying across the board. Buying was limited to the electronics, energy and transport sectors amid expectations of improved earnings in the second quarter in those areas, dealers said. The Stock Exchange of Thailand Index closed up 4.45
      AFP  -  777 words
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      Lock icon JAKARTA
      707 16 AFP Q Composite Index -5^2 INDONESIAN shares closed one per cent lower yesterday on profit-taking in big-cap stocks and continuing political jitters, dealers said. An institutional dealer at a Singapore brokerage said most of the selling focused on big-cap stocks after their strong gains earlier in the week. He
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  • Article
    Lock icon STOCKS sgx
    9235 17 SGXMAXMBOARD Transaction date: Jul 7 Or Cr M Wt 52-Wk Last Vol My UM Ouete Wv M> W M Cm Ayg MH> f» Cimpany in COOP) MH» L— a»v«r umr CV W <wi Wo MUTHNDUSTVY 163 101 m c Acma 50c 120 id unch 66 120 118 tie
    9,235 words
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      315 18 Where to wine, dine and SSiStSEiSS assail "Tunch" is the best for lunch and high tea rolled into one. Which means longer serving hours and even more scrumptious spreads. "Tunch" from 12 noon 4.30pm #16.90 (Adult) 40% discount (Child) "Tunch Karaoke" from 12 noon Bpm #22.90* (Adult) 40% discount* (Cnild)
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      49 18 NEF^^E WEDDING i A TRULY UNIQUE OCCASION Call us at 224-3922 for a perfect start to a wonderful life ahead m«croil ?tb Hoot; Overseas Union House, Cotyer Quay, Singapore (M9.H21, j m Mamkirin [|J Singapore fit cib 333 Orchard Road. Singapore 2 ***** Tel: 737 4411 Fax. 732 2361
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      912 18 rayo i o TVF.'TgR Owtral 9 30 News 5 Tonight. 6JO Cerdik!. 11.30 Tradition Medicine In a™ u-a n 4 10.00 JAG. 7.00 Tahukah Anda?. Asiafr). Znn r^np/ Animal UOO Mortal Kombat. 7JO Belaian Kasih. 12.00 AM Headlines. Zoo Lane/Animal 12.00 MN What Went 8.00 Berita. 12.02 One Hour News.
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      Lock icon Page 18 Miscellaneous Column 2
      274 18 CRYPTIC CROSSWORD ACROSS gesture (6) 1 Canon's pressure to take mod- 6 Sort oI ship, a tii)? (9) em alternative (9) 7 We're such a united country (7) 9 Energy and movement can pro- 8 One gets ctose to arresting to a duce heat (7) bishop that's late paying (2,7)
      274 words
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  • The Arts
    • Article, Illustration
      Lock icon A date with Tate
      1733 19  -  Join parvathi nayar who enters the world of art in London's Tate Modern. Converted from a disused power station, the sister to Tate Britain is a f 135.5 m project funded mainly by money raised from the to attract annually PARVATHI NAYAR MY first view of
      PHOTO OF THE LONDON EYE BY PARVATHI NAYAR; OTHERS BY MARCUS LEITH; PARVATHI NAYAR  -  1,733 words
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      Lock icon New face of the arts
      805 20  -  With venues for the visual and performing arts under one roof, The Lowry on Salford Quays looks set to create a splash. PARVATHI NAYAR checks it out PARVATHI NAYAR WILL The Lowry do for Salford in the UK what the Guggenheim has done for Bilbao
      805 words
    • Article, Illustration
      Lock icon Ong Keng Sen speaks his mind
      1547 21  -  In a wide-ranging interview, Desdemona's director talks about his much-debated piece and his mission in theatre —Interview by Parvathi Nayar DESDEMONA must have been the most hotly debated piece of Singapore theatre in this year's Arts Festival. Yet throughout the numerous brickbats and the
      FILE PHOTO  -  1,547 words
    • Article, Illustration
      Lock icon Bali bliss through an artist's eye
      809 21  -  TnngYne Nang offers a glimpse of the island's charm and mystique in his black and white painting* By Joyce Koh THINK Bali and what images are conjured? The colourful festivities of its numerous rituals? The rich vividness of its countryside? For artist Tung Yue
      809 words
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      Lock icon It's not just books at the libraries
      569 21  -  By Joyce Koh ADMIT it. It isn't every day that one steps into pristine art galleries or posh concert halls. But musicians and artists need not pull their hair out for lack of opportunities. Their answer might just be a doorstep or bus
      PHOTOS BY SIEW YAW HOONG  -  569 words
    • Article, Illustration
      Lock icon Imagination takes flight
      746 22  -  Dance Dimension Project's a-the-birdhas its roots in the call of the wild, its choreographer Lim Chin Huat tells felicia yaf FELICIA YAP DEEDING a call to return to nature comes easily to Lim Chin Huat, a choreographer whose pursuit of dramatic lines forms is aptly manifested in
      746 words
    • Article, Illustration
      Lock icon THE PROGRAMME
      1381 22 MUSIC Singapore Symphony Orchestra Singapore Symphony Chorus 25th Anniversary Concert The Singapore Symphony Orchestra's new season opens with vocal fireworks with Gounod's opera Romeo et Juliette which gives a delightful start to a vibrant programme. Also in the programme is Carl OrfTs Carmina Bur ana, one of the
      1,381 words
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      Lock icon SPOTLIGHT
      267 22 The Buzz: Theatre's Mission Today (Brecht's Legacy: The legendary Berlin Schaubuhne Back To The Roots?) claims to showcase the meeting of minds on a Saturday. This forum addresses contemporary concerns regarding the state of German theatre. Plot and players: The keynote speaker for this discussion is Jens Hillje, artistic
      267 words
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      39 21 SINC FINC ART THC ART OF NIC OU 7-10 |01 9 .2000 (F«i-CDon) ORCHARD POINTeXHIRITION HAIL 160 Otchaid Roid. Otchcid Poinr ANOTHCR PReffiieRCXHUmON &g SINe RNe ART 160. Orchud Road, *01-16 Otchud Poinr Sinotpoic *****2 Tel: *****10 (Do»ilc: *****412
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