The Business Times, 30 September 2000
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2000-09-30
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The Business Times
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Title Section16 2000-09-30 1 THE BUSINESS TIMES MITA (P) 035/12/1999 <5C X SINGAPORE Internet: http://business-times.asial .com.sg/ SATURDAY, SEPTEMBER 30, 200016 words
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Article76 2000-09-30 1 sn 1,997.03 (+32.09) BT-SRI 783J2 (+14.78) ST INDEX FUTURES MMOO (+24.00) SIMSCI FUTURES 25CJ0 (+2.90) STOCK MARKET INDICES Friday Change KLSE COMP ***** -7.34 NIKKEI 225 15,*****—♦ 120 JO HANG SENG 15.648.98 +***** SET INDEX ***** 2.46 JAKARTA COMP 421.34 +5.82 MANILA COMP —1.***** -7.34 TAIPEI WPI 6.432.3676 words
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Article71 2000-09-30 1 FOREX RATES USI s$ USS 1.741 £(1ISS/S$per£) 1.463 2548 0.880 1-533 DM 2.222 1176 YEN' 107.7 6190 RM 3.800 2.182 HKS 7.797 4.478 BAHT 42.21 24.24 RUPIAH 8,786 5,045 PRIME BATES SINGAPORE* 5.80 KI ALAIJ MH K 7.67 •IAKAKTA ,19.00 BANGKOK 9.50 MANILA ....11.00 HONGKONG 8.50 TMITil 7.84 SYDNEY71 words
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733 2000-09-30 1 David Boey - 19% rise in interim earnings of companies that have reported their results so far By David Boey [SINGAPORE] Listed companies that claimed the top 10 spots in the earnings ranking at half time also accounted for a 55 per cent733 words
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633 2000-09-30 1 Lee Han Shih - NKF opts for shares in lien of cash payment of $1.24 m By\ Lee Han Shih [SINGAPORE] The National Kidney Foundation has opted for shares in WizOffice.com in lieu of cash for providing telemarketing services, a decision which may spark a public633 words
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Article, Illustration907 2000-09-30 1 Conrad Raj - It is ordering 25 A3XX planes -10 firm and 15 options Hui Conrad Raj (SINGAPORE) Singapore Airlines (SIA) has placed a US$B.6 billion (SSIS billion) order for 25 of the proposed Airbus superjumbos which can seat more than 500 passengers. It will907 words
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Article128 2000-09-30 1 AP Bloomberg [NEW YORK] Stocks fell sharply yesterday after Apple Computer warned that its profits would be below expectations. In late morning trading, the Nasdaq composite index dropped 64 points, or 1.7 per cent, to 3,714. The Dow Jones industrial average fell 121 points, orAP; Bloomberg - 128 words
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Page 1 Advertisements
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Advertisement86 2000-09-30 1 INSIDE Olympics STIK IB Tears for fears on the track. Pg 12 The Arts Past, present and futuristic representations of sports at Olympics Art Festival in Sydney. Back Paga Top Stories Reopen Suharto's case with honest judge: Gus Dur. Next Page Umno Youth wants 60% equity for Malays. Next Paga86 words
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Advertisement11 2000-09-30 1 Detailed rankings, Pg 6 WizOffice share price dives 30°», Pg 411 words
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Advertisement297 2000-09-30 1 the from gurus on to H and succeed. You'll find the hottest H management at MPH Online, H JPBL' the bookstore that gives you the H knowledge you need. H \mmm Pick up your management books H at www.mphonline.com I pMck I lution Management 2IC: First, Break all the rules:297 words
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Advertisement26 2000-09-30 1 Apple's woes, j Apple shares plunge 49% after earnings warning NEI, Omni shares down B High tech 'sporty finally over? Cracks in Cube's casing, say customers26 words
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NEXT page
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Article, Illustration726 2000-09-30 2 Shoeb Kagda - He suggests the panel that threw out the corruption case had been bought off From! Shoeb Kagda in Jakarta THE unfolding drama surrounding the trial of former Indonesian president Suharto took another unexpected turn yesterday with President Abdurrahman Wahid demanding that the726 words
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521 2000-09-30 2 Eddie Toh - Observers call it posturing ahead of renewal of bnmipntra policy when it expires at year-end From Eddie Toh in h'uala Lumpur THE strident youth wing of the dominant political party, United Malays National Organisation, has made a radical proposal to more than double521 words
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ON THE grapevine
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Article124 2000-09-30 2 MICHAEL Lee, the COO of telecommunications firm Hutchison Intrapage, seems to like it low-key. When asked by BT yesterday where his boss, Intraco CEO Bernard Chen, has left for (see story on Page 5), he said "no comment". Intraco is the parent of Hutchison Intrapage. When124 words
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Article81 2000-09-30 2 PEOPLESOFT has just sent out a private media invitation to view their latest version of enterprise resource planning software, PeopleSoftB, which they are touting as a 100 per cent pure Internet application. The advertising tagline, "PeopleSoftB pure Internet", is emblazoned on a small bottle of81 words
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Article86 2000-09-30 2 WONDER how many folks intending to go to the website of United Overseas Bank get sidetracked into gambling. If you type www.uob.com, what pops up is uob.com, a US-based site that has a plethora of links, many of which relate to financial products, including gambling and casinos,86 words
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Article64 2000-09-30 2 Sex, Chat and SingTel? LYCOSASIA compiles a Top 100 every fortnight of the terms, names and keywords that are most commonly searched for at its site. We understand the current Top 10 is as follows: 1) Sex 2) Chat 3) Games 4) Travel 5) MP3 0) Food 7) Sing Tel64 words
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Article, Illustration874 2000-09-30 2 Corinne Kerk - Advertising film director Sng Tong Beng sees opportunities for locals, writes CorinneKerk Corinne Kerk Advertising film director Sng Tong Beng doesn't understand what the fuss is all about when it comes to foreign versus local talent. "When we start looking at foreign874 words
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APPLE'S woes
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Article, Illustration686 2000-09-30 3 SAN FRANCISCO Q4 earnings seen at USsllom, far below expected USsl6sm, bnt Jobs npbeat NYT Bloomberg APPLE Computer said on Thursday its fourth-quarter earnings would fall far below analysts' estimates because of weak September sales, an announcement that sent the company'sNYT; Bloomberg; Source: Bloomberg - 686 words
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Article, Illustration282 2000-09-30 3 David Boey - By] David Boey SHARES of electronics contract manufacturers Nat Steel Electronics (NEL) and Omni Industries tumbled more than 10 per cent yesterday after Apple Computer's profit warning whipped the market's already fragile sentiment for electronics shares. Analysts said the market singled out NELSource: Bloomberg - 282 words
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Article, Illustration332 2000-09-30 3 PALO ALTO Reuters AS its earnings outlook eroded on Thursday and investor confidence shattered, Apple Computer was also having to answer to loyal customers who complained that its computers were cracked. Several Apple enthusiasts who had plunked down U551,799 (553,112) for the shimmering newReuters - 332 words
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Article210 2000-09-30 3 Tills is the first time since Steve (Jobs) ■I returned the company to profitability in the fourth quarter of W that they've trnfy hit a walLJt's not that it's so dramatic a wall, bat it is, in my mind, an ominous one. Charles R Wolf Warburg Dillon Read analyst They210 words
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507 2000-09-30 3 NEW YORK Sales slowdown has implications for profits NYT COMPUTERS have driven this economy to the longest expansion ever. Computer stocks have racked up some of the biggest gains of the bull market. But all good thingsNYT - 507 words
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SINGAPORE companies
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735 2000-09-30 4 Andrea Tan - Brokers are hoping for the best but are ready to wage battle if needed Reports byi Andrea Tan THE possibility of a commissions price war hangs over the stockbroking industry. While things may look cosy on the surface with most brokers735 words
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271 2000-09-30 4 THERE could be fewer small-time punters from Monday as new minimum commission charges around $30 kick in. They replace the old minimum fee of $10 for trades below $150,000 or 0.75 per cent, whichever was higher. Although commission rates have fallen to 0.5271 words
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396 2000-09-30 4 Andrew Wee - It opens at 16 cents and closes at 14 cents, with 20m shares traded Andrew Wee WIZOFFICE shareholders eager to cash out of newly listed e-commerce provider pushed it to the top of the volume leader board yesterday and dragged it 30396 words
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964 2000-09-30 4 paul thompson - nrrar lock siew paul thompson Accountants for many years have fallen out with lawyers over the issue of "substance over form". Substance is the commercial reality of a transaction, while form is its legal nature. Usually the two are the same.964 words
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Article, Illustration539 2000-09-30 4 Tang Weng Fai - Fond is world's largest international private eqnity fond By Tang Weng Fai US-BASED investment giant Warburg, Pincus Co yesterday announced in Singapore the closing of the world's biggest international private equity fund at US$2.5 billion (554.4 billion). To be called Warburg Pincus International Partners, itSIEW YAW HOONG - 539 words
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490 2000-09-30 4 Serena Ng - Sing Tel, SIA, ST Engg may have their weightings cut: Salomon Smith Barney Hy\ Serena Ng BANKING stocks will be the main beneficiaries in the Singapore market if Morgan Stanley Capital International (MSCI) decides to go ahead with a proposal to adjust490 words
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Article, Illustration400 2000-09-30 5 Eugene Low - These products are set to make up 25% of sales in Asia nnder the Brand's label within 3 years By Eugene Low CEREBOS Pacific, which launched its new range of health supplements yesterday, expects them to contribute a quarter of sales from Asia underARTHUR LEE - 400 words
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Article, Illustration407 2000-09-30 5 David Boey - H/f] David Boey MAINBOARD listed consum er electronics firm Eastern Asia Technology (Eastech) said yesterday it planned to spend up to $24 million of the proceeds from a secondary listing in Taiwan to take over a computer chip design com pany. EastechSource: Bloomberg - 407 words
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Article312 2000-09-30 5 Christopher Tan - By< Christopher Tan BERNARD Chen, the helmsman of listed trader Intraco for the past nine years, has left the government-linked company and apparently joined another GLC. He steps down officially as chief executive tomorrow. Intraco made the announcement yesterday. While the statement said only that312 words
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Article3447 2000-09-30 6 Half-year ranking of SES companies COMPANY EARNINGS (S$M> CHANGE TURNOVER (SSM) CHANGE EPS {CENTS) CHANGE 2000 1999 2000 1999 2000 1999 1 DBS 704.0 655.0 7J5 1488.5 1460.3 l5 118.00 *****0 21 2 OCBC 445.2 293.3 51.8 848.5 905.8 -6.6 35.00 23.00 52.2 3 UOB 408.43,447 words
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OTHER Results
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Article65 2000-09-30 7 SEE Hup Seng has swung to a first-half net loss of $2.9 million from a net profit of $898,000. Turnover fell 26 per cent to $14.4 million. Loss per share was 2.65 cents compared to earnings per share of 0.85 of a cent65 words
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42 2000-09-30 7 SECOND Chance Properties suffered a 71 per cent drop in net profit to $1.75 million for the year to June due to provisions of $4.86 million. Turnover edged up by 3.75 per cent to $30.1 million.42 words
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35 2000-09-30 7 HOTEL Grand Central has swung into an interim net profit of $4.9 million from a net loss of $4.5 million previously. Turnover rose 13 per cent to $23.2 million.35 words
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Article30 2000-09-30 7 INNO-PACIFIC Holdings' first-half net loss has widened to $1.8 million from $942,000 on the back of a 8 per cent drop in turnover to $4.3 million.30 words
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45 2000-09-30 7 FUJI Offset Plates Manufacturing's net profit rose 62 per cent to $776,000 for the half-year to June, despite a 2 per cent decline in turnover to $11.7 million. Better cash management and operating results led to the rise.45 words
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Article40 2000-09-30 7 SERIAL System saw a 49 per cent fall in interim net profit to $2.44 million, due partly to the divestment of an associate company. Turnover rose 45 per cent to $74.5 million from new businesses.40 words
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60 2000-09-30 7 ROTOL Singapore slipped into the red with a net loss of $622,000 for the six months to June 30. The previous year, it reported net profits of $40,000. Loss per share was 0.38 of a cent, compared with earnings per share of 0.02 cents60 words
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Article42 2000-09-30 7 SHINING Corporation posted a net loss of $104,000 for the half-year to June 30. The group had net profits of $602,000 last year. Loss per share was 0.17 of a cent. Turnover fell 58 per cent to $11.6 million.42 words
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37 2000-09-30 7 DESPITE turnover more than doubling to $44.4 million, Teamsphere slipped into the red with a $1.3 million net loss for the year ended June 30. Loss per share was 1.34 cents.37 words
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Article48 2000-09-30 7 LINKS Island Holdings suffered a 75.5 per cent drop in net profits to $530,000 for the six months to June 30. This cut its earnings per share from 1.55 cents to 0.31 of a cent. Turnover tumbled 29.3 per cent to $6.2 million.48 words
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Article63 2000-09-30 7 IN yesterday's article "Stratech posts $1.89 m HI loss", we reported that Stratech Systems would hand over the open bidding system for vehicle Certificates of Entitlement to the Land Transport Authority (LTA) yesterday. Stratech has clarified that the handover is for the LTA to begin user acceptance and other63 words
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375 2000-09-30 7 Eugene Low - Chairman: Group has reinvented itself and now debt-free !<!)■ Eugene Low DRAGGED down by debts incurred by its former businesses, IPC Corporation's net losses deepened 47.3 per cent to $28.9 million for the six months to June 30. On a more positive375 words
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514 2000-09-30 7 Teh Hooi Ling - Ihf. Teh Hooi Ling RICHARD Li's Pacific Century Regional Development (PCRD) yesterday posted a 17-fold surge in interim net earnings to $20.3 million, and announced a 10-for-l stock split. Turnover for the six months ended June 30 rose 29 per cent to $147 million.514 words
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257 2000-09-30 7 Marissa Chew - Marissa Chew CONSTRUCTION firm L&M Group Investments sank deeper into the red, posting a net loss of $9.7 million for the six months to June 30 compared to a loss of $472,000 previously. But L&M, which is making a bid for debt-laden Van257 words
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249 2000-09-30 7 Andrea Tan - th/i Andrea Tan ACMA Ltd's interim net profit was slashed by one-third to $4.1 million as turnover fell 19 per cent to $215.5 million. The fall in earnings was due to the group ceasing to consolidate the results of MAE Engineering249 words
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Page 5 Advertisements
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Advertisement139 2000-09-30 5 Fimmlm fl v mtSj m i 'Tyrfr h BHL <■ v .;'-> 7 i^^jn-jf^B^^^BE-^jMßßwrt f" Till it I *ji I^' ivi\S9Bwi BST^cIBWSra^cvSSfIHHWWBBSciKwH^^H^^H Ifyou enjoy making money, you should consider the A* One investment plan. The AIG A-One investment plan offers you a choice of four portfolios which arc diversified across139 words
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Article4944 2000-09-30 7 Net urn EPS KepTatLee Fin Aug 03 I 23.764 15.098 7.94 5.33 Ort. TY LY TY LY LCDev Sep 19 P 5.932 119.8L 0.99 91L Comunv ann (Sm) (Sm) (ctt) (cts) Labroy Sep 05 I 11.405 11.041 1.39 1.35 company SB LafeTech USS Sep 25 I4,944 words
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Page 7 Advertisements
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Advertisement8 2000-09-30 7 CyberWorks dresses up its interim results, Pg 118 words
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SINGAPORE markets
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Article, Illustration560 2000-09-30 8 r. sivanithy - l -l I comment STOCKS r. sivanithy A PROFIT warning by US computer firm Apple dampened spirits in the local technology sector yesterday, but fortunately Nasdaq's Thursday rebound proved enough to bring some buyers back into other sectors. A fall in oil prices560 words
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Article, Illustration196 2000-09-30 8 R Sivanithy - WARRANT WATCH By\ R Sivanithy THERE seems to be a bit of a property play developing the Properties Equities Index has risen for two consecutive days, with decent gains by sector luminaries like City Dev, DBS Land and Wing Tai. There are196 words
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Article, Illustration247 2000-09-30 8 Serena Ng - HOT STOCK By\ Serena Ng THE stock of defence-technology group ST Engineering has enjoyed a steady run-up in the past few trading sessions but looks likely to enter a consolidation phase soon around current levels. It closed five cents higher yesterday at $2.58247 words
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Article143 2000-09-30 8 ♦SPEEDLING Incorporated, US subsidiary of WBL Corporation, has formed two joint ventures in China, Kunming Speedling and Zibo Speedling. The US company holds 90 per cent and 51 per cent respectively in the two companies. Kunming has a registered capital of 5 million yuan (Ssl million) and Zibo143 words
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Article, Illustration523 2000-09-30 8 larry wee - I -1 t comment CURRENCIES larry wee THE euro looks open to further punishment after Denmark voted against EMU entry in a referendum on Thursday, though it held steady yesterday at just above 88 US cents on pre-weekend caution. On the523 words
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Article529 2000-09-30 8 Stocks Volume Wizoffice5c 19.930.CXX) Nat Elec 10c 16.084,000 Omni Ind 10c 13,316.000 SingTel 15c 13.100,000 Stratech 5c 7,402,000 Chart Semiconductor 26c 6.766,000 NOL 6.327.000 Eastern Asia 6,187,000 DBSGrp 4,405,000 TT Int 15c 3,997,000 Stocks DBS Grp 84,069,906 Chart Semiconductor 26c 74,578.370 Nat Elec 10c 73,340,404 SPH 40,464,607 Omni Ind 10c529 words
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Page 8 Advertisements
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Advertisement1090 2000-09-30 8 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF UNITED LEASING SERVICES PTE LTD (Incorporated in the Republic of Singapore) (In members' voluntary winding-up) At an Extraordinary General Meeting of United Leasing 4 Services1,090 words
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Advertisement13 2000-09-30 8 it advertise your simply lax: 74i m or Call toll-free: 1800 741 188313 words
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Advertisement44 2000-09-30 8 Grow Your CPF With eiBht Important All applications 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 rise 831XiSBANK44 words
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SINGAPORE news
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491 2000-09-30 9 Audrey Tan - Agreement likely to include areas like e-commerce and financial services By> Audrey Tan SINGAPORE and Japan may conclude a free trade agreement by the end of next year that includes cooperation in "New Age" areas such as financial services and491 words
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172 2000-09-30 9 THE Trade Development Board yesterday launched the International Trade Institute of Singapore (ITIS), which it hopes will help shape trade policies. Speaking at the launch at the Grand Copthorne Hotel, TDB chairman Stephen Lee said ITIS will provide training, consulting and research. Singapore companies will benefit172 words
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Article, Illustration322 2000-09-30 9 Anna Teo - I 3on the economy exports Byi Anna Teo AMID a strong overall trade performance, Singapore's exports to the United States and Europe have been contracting. But given the structural changes in the manufacturing sector, it would be premature to conclude domestic exporters have lostSource: CEIC - 322 words
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260 2000-09-30 9 [SINGAPORE] Pioneer dramatist Kuo Pao Kun's Practice Performing Arts School (PPAS) has received the largest payout so far from the $50 million arts fund outlined in the Renaissance City Report. Under the scheme, the PPAS will get $1 million over the next three260 words
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Article, Illustration455 2000-09-30 9 Corinne Kerk - A Walter Spies piece the star, seen fetching up to $800,000 By i Corinne Kerk COLLECTORS of South-east Asian paintings will be spoilt by two auctions this weekend, while jewellery and watch afficionados will also be able to buy someDESADURCHBLICK by WALTER SPIES (detail) - 455 words
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707 2000-09-30 9 Vivien Ng - By\ Vivien Ng TWO initiatives were mooted earlier this month by the Ministry of Community Development and Sports and the Singapore National Employers Federation (SNEF) to encourage more firms to adopt family-friendly practices. The ministry set up a Work-Life unit which will work closely with707 words
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Article, Illustration303 2000-09-30 9 THE value of auction sales rose 13 per cent in the third quarter as sales of shops and shophouses doubled and development sites made an appearance. In a report released yesterday, Jones Lang La Salle estimated 47 properties were sold for a total ofSource: Jones Lang LaSalle - 303 words
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Page 9 Advertisements
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Advertisement202 2000-09-30 9 Baker Mc.Kenzie, one of Hong Kong's leading local and international law firms, has an immediate vacancy for the following position:Requirements: Bachelor of Science degree or equivalent exposure to patent law practice: prior or current employment as a patent paralegal preferred fluency in English and Chinese (Mandarin and Cantonese) knowledge of202 words
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MAIL bag
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Article, Illustration319 2000-09-30 10 Robert Teh Kok Hua - Robert Teh Kok Hua YOUR article "Transparency and corporate governance" (BT, Sep 27) is very timely and crucial, given Singapore's economic restructuring in banking, property and strategic industrial master planning. The global community is becoming one. In the context of Singapore corporations, small and medium enterprises (SMEs)319 words
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185 2000-09-30 10 Chiew Chee Mun - Chiew Chee Mun I REFER to the article "Pioneering Asian survey gives a peek into the boardroom" (BT, Sept 26). Directors don't do the work themselves. The executives do the work for them. The executives do all the feasibility studies and write the board185 words
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Article484 2000-09-30 10 Wen Yixiang - UNIT TRUSTS Wen Yixiang I REFER to the letter "Go for no-load funds in US than unit trusts here" (Mailbag. Sept 22). From an investor's perspective, I share Tan Keng Soon's view of selecting a cheaper avenue to invest. However, we have to consider484 words
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Article144 2000-09-30 10 Lim Chuan Lam - Lim Chuan Lam I REFER to the letter "Go for no-load funds in US than unit trust here" (Mailbag. Sept 22). I would like to add to what Tan Keng Soon has contributed. If you wish to invest in a fund through a discount broker in the144 words
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157 2000-09-30 10 Patrick Neo - Patrick Neo I REFER to the article "DBS launches deposit account for lower income group" (BT, Sept 27). DBS has the commercial right to implement whatever it wishes. After all, it is a bank's sole objective to make money. DBS has "bought over157 words
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Article119 2000-09-30 10 Mark Lee - Mark Lee 1 REFER to the article "NEL aborts plans to buy 3Com's Chicago plant" (BT, Sept 28). I find this quote baffling: "We don't see a good reason to manufacture in Chicago. It doesn't bring in new technology or new skills that we already have." If119 words
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Article, Illustration158 2000-09-30 10 Eduardo Ramos-Gomez - Eduardo Ramos-Gomez Ambassador of Mexico ON behalf of the Government and the Embassy of Mexico, I wish to publicly express my appreciation and satisfaction with the very positive response that Festival Mexicano 2000: Celebrating Diversity has had among the Singaporean public. The press reports, letters to the158 words
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Article90 2000-09-30 10 Sim Soon Leng - Sim Soon Leng I REFER to your article "Another sorry currency mess"(BT, Sept 22). The high US dollar will keep US inflation in check, but for the rest of the weaker currencies, it gives their countries a chance to export cheaply so that their economies can90 words
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Article231 2000-09-30 10 Alvin Lee Beng Kiat - Alvin Lee Beng Kiat I REFER to the article "SMRT Corp missing profit at its doorstep?" (BT, Sept 22). As a Canadian, I am surprised public transport in Singapore is privatised. That's not the case back in Canada, where it is state-owned. Despite231 words
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Page 10 Advertisements
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Advertisement2100 2000-09-30 10 > I BANKMANDIR^p I CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENTS OF INCOME I As at December 31,1999 and 1998 AND RETAINED EARNINGS I For the years ended December 31,1999 and 1998 Rp Million 1999 1998 Rp Million I Cash 2,059,796 914,108 1999 1998 Current accounts with Bank Indonesia 960 447 82,100 words
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Advertisement67 2000-09-30 10 We welcome letters. E-mail us at btletter@sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in67 words
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e-NEWS
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Article, Illustration441 2000-09-30 11 Quak Hiang Whai - From Quak Hiang Whai in Hongkong RICHARD Li's Pacific Century CyberWorks, under fire from the media and analysts for not fully disclosing the reasons behind its narrowing losses, yesterday revealed that its first-half results released on Thursday included unrealised gains from investments. The company,441 words
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Article, Illustration391 2000-09-30 11 Daniel Buenas - SINGAPORE Buyers can get quotes from multiple sellers at a go By Daniel Buenas LOCAL Internet startup Mediaro.com has launched what it claims is the "first dynamic travel exchange in the AsiaPacific". Finder Plus at www.finderplus.com lets travel providers submit quotes and bids in response to391 words
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309 2000-09-30 11 LONDON Reuters BRITISH telecoms giant Vodafone Group pic is within days of completing the sale of Infostrada, its Italian Internet and fixed-phone business, for £7.2 billion (5518.4 billion) in cash and loan notes, the Financial Times said yesterday. CitingReuters - 309 words
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312 2000-09-30 11 BOMBAY AFP Bloomberg AN electrical engineering graduate from Bombay University has become the latest Indian software multi-mil-lionaire, selling his Califor-nia-based computer networking company for US$45O million (Ss7B3 million). "Indian geeks are alive, kicking and making their millions in Silicon Valley, even in this winter ofAFP; Bloomberg - 312 words
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478 2000-09-30 11 FT [LONDON] Oxford University was poised last night to announce a deal with Princeton, Stanford and Yale to set up an elite virtual college providing Internet courses for half a million alumni. The deal with three members of the US's Ivy LeagueFT - 478 words
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Page 11 Advertisements
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Advertisement122 2000-09-30 11 —p Since 1975 our worldwide staff of over 275 multi-disciplined professionals ij V including lawyers, chartered accountants. k chartered secretaries and bankers have n| J E V provided confidential and cost effective company formation in all the major low JB tax areas Incorporation Fees from US$5OO The world's Full professional122 words
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Advertisement14 2000-09-30 11 IjTODAY®**** Lianhe Zaobao mmx® messes* $3$ S'porean businessmen's advice on doing business in China.14 words
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SYDNEY 2000
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Article, Illustration798 2000-09-30 12 Poor technique cracks Jones' dream of 5 golds while El Guerrouj falls prey to nerves; US continues to lead medal tally Reuters MARION Jones's dream of becoming the first woman to win five track golds at one Olympics ended in defeat on Friday asReuters; AP - 798 words
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Article, Illustration512 2000-09-30 12 Moroccan king of the mile hands crown to Kenyan Noah Ngeny AFP THEY were meant to be tears of joy but instead they were tears of sadness as Hicham El Guerrouj's expected coronation as Olympic 1,500 metres champion ended in heartbreak and devastation. For four years the 26-year-oldAFP; REUTERS - 512 words
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Article, Illustration355 2000-09-30 12 BOXING Reuters AP THAILAND'S Wijan Ponlid survived a close boxing semifinal yesterday to put himself in position to win his country's second Olympic gold medal. Ponlid, turning the fight around in the third round after a nervous start, beat Vladimir Sidorenko of Ukraine 14-11.Reuters; AP - 355 words
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Article580 2000-09-30 12 HOCKEY Reuters {SYDNEY] Australia confirmed it is the greatest women's hockey side in history yesterday with a 3-1 win over Argentina to win the Olympic gold medal. Inspired by brilliant play from Rechelle Hawkes, Claire Mitchell-Taverner and Nikki Hudson, Australia added the Sydney title to itsReuters - 580 words
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681 2000-09-30 12 ANNA TEO - ANNA TEO had a great time, thanks in part to the army of 47,000 Vollies ANNA TEO THE Olympics, come to think of it, has always been a smorgasbord of numbers: 30 venues; 50 countries; 10,000 athletes; 100,000-seating capacity; third consecutive gold; 19.32 seconds (Michael681 words
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REGIONAL news
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Article, Illustration686 2000-09-30 13 JAKARTA Cost of bank sector rescue will leave little in coffers to rebuild economy Reuters INDONESIA on Monday will present a draft budget heavily tailored to rescuing the country's ailing banking sector, leaving little in the coffers to help rebuild the shatteredReuters; FILE PHOTO - 686 words
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Article, Illustration376 2000-09-30 13 BANGKOK Reuters A PROBE by Thailand's antigraft agency into the assets of telecoms tycoon Thaksin Shinawatra has dented his hopes of becoming the country's next prime minister, according to an opinion poll released yesterday. Mr Thaksin is regarded as the front-runner in generalReuters; REUTERS - 376 words
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Article201 2000-09-30 13 JAKARTA Reuters INDONESIA said yesterday it was withdrawing from a world scheme to prop up coffee prices, dealing a blow to international efforts to unite leading producers. The decision triggered criticism from local exporters who said the scheme was the only way to lift slack prices.Reuters - 201 words
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Article141 2000-09-30 13 Bloomberg [KUALA LUMPUR] Telekom Malaysia Bhd, the country's biggest phone company, said it expects to boost revenue and retain customers by offering a free call service later this year. The Malaysian company plans to introduce the service that gives its customers free calls upon listening toBloomberg - 141 words
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295 2000-09-30 13 Japan lender won't meet extra cost of terminal building AFP {BANGKOK] Bangkok's controversial second international airport has hit a fresh hurdle after the Japanese lender refused to meet a blow out in the cost of part of the project, a report saidAFP - 295 words
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512 2000-09-30 14 TOKYO Move casts doubt over firm's ability to make bond coupon payments Reuters CHINA'S central bank has ordered debt-ridden Hainan International Trust and Investment Corp to halt all financial activity, casting grave doubt over its ability to make bond coupon payments.Reuters - 512 words
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Article, Illustration136 2000-09-30 14 AFP [NEW DELHI] A New Delhi court yesterday convicted former Indian Prime Minister P V Narasimha Rao on charges of corruption related to a 1993 million-dollar bribery case. Rao and a former Cabinet colleague Buta Singh were both found guilty of criminal conspiracy underAFP; REUTERS - 136 words
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312 2000-09-30 14 HONGKONG Big chunk of funding expected from international investors, says senior exec Dow Jones Wires HYUNDAI is planning to develop a US$5 billion (SsB.7 billion) industrial park in North Korea, a Hyundai senior executive says in an exclusive interview with theDow Jones Wires - 312 words
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381 2000-09-30 14 Quak Hiang Whai - Higher contributions from associates; finance charges fall From Quak Hiang Whai in l/otigkony NG Teng Fong's Sino Hotels (Holdings) has returned to the black with a net profit of HK531.65 million (Ss7 million) for the year ended June 30, 2000.381 words
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Advertisement51 2000-09-30 13 Memoirs of Lee Kuan Yew FROM THIRD WORLD TO FIRST The Singapore Story: 1965 2000 (Inclusive of GST) Available at fi l*l ~F ift/£ til SPH Stop Press Kiosks (MRT Stations and Bus Interchanges) BUZZ Kiosks Esso Mobil Shell Caltex SPC 7-Eleven Carrefour NTUC Fair Price sR&¥ift pqfttt Bookshops Major51 words
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Advertisement630 2000-09-30 14 Coming up next in Project Eyebal... Singaporeans' He's a retired teacher who spends much of his free time writing poetry Sffl' fnli 1 practising numerology and |TW|. Oj|| astrology. Peter Ong has been -~m IB i■ Ri writing poetry for over 30 years-he tH yL^i. picked up his pen and630 words
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WORLD news
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Article, Illustration593 2000-09-30 15 CARACAS, Venezuela They should also help developing world by forgiving Third World debt CONCLUDING its first summit conference since 1975, the Organisation of Petroleum Exporting Countries declared on Thursday that rich countries complaining about high oil prices should instead cut theirREUTERS - 593 words
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621 2000-09-30 15 SAN FRANCISCO Duo accused of using sham deals to inflate firm's earnings NYT TWO former top executives of a Georgia medical software company were indicted on Thursday, accused of costing investors more than US$9 billion (5515.3 billion) in one of the largestNYT - 621 words
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263 2000-09-30 15 LONDON FT EUROPEAN banking regulators are probing US$l7l billion (***** billion) of new loans made to European telecommunications groups, fearing that the banks' have lent too much money to the sector. The worries sparked by loans to fund the cost of third generation mobileFT - 263 words
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Article, Illustration716 2000-09-30 15 Shada Islam - From I Shada Islam in Brussels EUROPEAN Union governments yesterday remained upbeat on the future of their battered single currency despite Denmark's massive rejection of the euro in Thursday's referendum. In the first referendum on the euro in an EU country, moreREUTERS - 716 words
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421 2000-09-30 15 ZURICH 'Old' remarks H2 gain won't be as good as HI repeated at meeting on DLJ purchase Reuters CREDIT Suisse Group denied a report it had issued a profit warning that made its shares slide as shareholders met yesterday to vote on the group's purchaseReuters - 421 words
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Article, Illustration352 2000-09-30 15 TORONTO AP [TORONTO] With the death of former Prime Minister Pierre Trudeau, Canadians lost their own version of Camelot. Mr Trudeau, 80, died of prostate cancer at his Montreal home on Thursday. The news triggered a stream of Kennedy-esque reminiscing and photos rollingAP - 352 words
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FINANCE & commodities
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309 2000-09-30 16 Lau Chee Keong - SGX Derivatives TradingJtepoH ST Index/MSCI S'pore Index Lau Chee Keong Refco Singapore THK Straits Times Index closed higher yesterday following the overnight gain on the Dow Jones but Iho technology stocks wore badly hit by the profit warning by Apple Computers. The index309 words
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239 2000-09-30 16 Lau Chee Keong - MSCI Taiwan Index Lau Chee Keong Refco Singapore THE Taiwan stock market continued its downtrend yesterday as foreign funds sold off their technology stocks after Apple Computer warned it would miss its earnings target. The MSCI Taiwan lost 5.4 points or 1.86 per cent,239 words
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Article171 2000-09-30 16 ENERGY REPORT Reuters (LONDON) Oil prices regained some ground yesterday after slumping heavily when Iraq vowed on Thursday not to disrupt its export sales of more than two million barrels per day. London Brent crude futures were up 39 US cents at U5529.65 a barrel,Reuters - 171 words
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Article336 2000-09-30 16 Reuters London THE euro retreated across the board yesterday, extending losses it began to suffer after Denmark gave the thumbs down to joining the single currency, but its downside was seen limited by persistent fears of central bank intervention. Its decline was driven by losses against the sterling,Reuters - 336 words
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Article, Illustration1298 2000-09-30 16 INTERBANK CROSS RATES Sl /rJ!) AS C$ Rmb Euro Ffr Dm HK$ Ind Bs Ruplah Yen Won RH HZ$ Pafc Rs Peso S$ R»nd Sir NTS Baht Pound US$ Australia 0.815 4.509 0.617 4.048 1.207 4.235 25.004 47.716 0.585 6.056 2.064 1.330 31.638 25.080 0.946 3.955 0.940 17.*****.929 0.371 0.5431,298 words
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Article1910 2000-09-30 16 SICOM FUTURES Sep 29 RUBBER (futures dosing as at 5.30pm) RSS1 CONTRACTS cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Oct 00 115.25 Nov 00 117.00 Dec 00 118.25 Jan/Mar 001 121.00 150 RSS 3 CONTRACT (UScents/kg) Volume Open Month Hiqh Low Sett (tonnes) Interest Oct 00 65.501,910 words
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STOCKS east asia
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Article, Illustration2919 2000-09-30 17 HONGKONG AFP HI Hang Seng +***** HONGKONG share prices rose 1.5 per cent yesterday following Wall Street's gains overnight, dealers said. The benchmark Hang Seng Index gained 233.23 points to close at 15,648.98 on turnover of HK$B.l2 billion. Dealers said theAFP - 2,919 words
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Article, Illustration1044 2000-09-30 17 CHINA Reuters n Shenzhen B Index +0.65 CHINA'S hard currency B shares ended up slightly in thin trade yesterday ahead of a long holiday but the debut of the first wholly-private B share firm, Chengde Dixian Textile, glowed with a rise of 30.65 per cent. The Shanghai B share indexReuters; Source: Credit Lyonnais Securities (Asia) Ltd - 1,044 words
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Article412 2000-09-30 17 AFP QWP Index -***** TAIWAN share prices fell 2 per cent yesterday to a new low for the year on selling of technology stocks amid political and economic uncertainties, dealers said. The Taiwan Stock Exchange Weighted Price Index lost 132.51 points to 6,432.36, on turnover NT565.15 billion. Decliners ledAFP - 412 words
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1985 2000-09-30 17 TOKYO AFP Q Nikkei 225 +120.30 SHARE prices in Tokyo rose 0.8 per cent yesterday as bullish foreign investors chased gains following a strong rebound on Wall Street, brokers said. The Tokyo Stock Exchange's Nikkei--225 index advanced 120.30 points to close atAFP - 1,985 words
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Page 17 Advertisements
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Advertisement9 2000-09-30 17 the paper that made 1111M i M« M 19 words
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STOCKS klse
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Article, Illustration448 2000-09-30 18 AFP n Composite Index -7.34 MALAYSIAN shares closed one per cent lower yesterday on selling of blue chips amid continuing weak sentiment, dealers said. The Kuala Lumpur Stock Kxchange Composite Index ended down 7.34 points at 713.51. The Second Board index closed down 0.88AFP - 448 words
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Article9791 2000-09-30 18 INDUSTRIALS Consumer products 2000 Last Vol Day Net Cap High Low Company Sale OOO High Low P/E $mil 420 310 Ajinomoto 314 -36 I 314 314 17.2 127 3 158 SO Angkasa 50 -0.5 42 52 50 73.7 670 290 Apollo Food Hig 432 9 4 172 8 3725 27009,791 words
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Page 18 Advertisements
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Advertisement30 2000-09-30 18 Fits the job to a tee. Will blossom in the post. Find the right candidate, TT' r n*iSlnutNTinK>N I i—p——i—■n I ;<«w;uiTMl 1 Call I 800 74 I I 88330 words
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SGX clob & regional stocks
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Article3189 2000-09-30 19 BONDS A WARRANTS wt ants Pram/ CiparY 52 »»M Lit! »«< Oj» UltOMta >•( HUM Can fur Otw Htm Mfk law CwfHf hk m Ub Ukt Mm ImMiI «atto Mn (HI furti t UK 51.5 5.5 I Acma W*****4 6 unch 95 7.5 6 6 6.5 7 41.0 I 3003,189 words
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Article, Illustration759 2000-09-30 19 Reuters H SET Index -2.46 THAI stocks ended lower yesterday as nervous investors took profits after recent gains, and key monthly data from the central bank failed to lift the gloom. The SET index closed down 2.46 points or 0.88 per cent at 277.29 on thin turnover of 1.72Reuters - 759 words
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Article289 2000-09-30 19 AFP n Composite Index -734 PHILIPPINE share prices closed 0.5 per cent lower yesterday with the Composite Index down 7.34 points at 1,434.49. Volume was 379.98 million shares worth 539.83 million pesos from Thursday's 294 million shares worth 421 million pesos. Peso 000) MRC Allied 0.40 unch 40 AbacusAFP - 289 words
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Article, Illustration732 2000-09-30 19 AFP Q Composite Index +5.82 INDONESIAN share prices closed 1.4 per cent higher yesterday on bargain-hunting in large cap stocks, dealers said. The Composite Index closed up 5.82 points at 421.34 on volume of 490.91 million shares valued at 284.24 billion rupiah. Advances led declines 97 to 37. BroadAFP - 732 words
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Article267 2000-09-30 19 AFP QNZSE-40 ♦6*o NEW Zealand stocks closed up 0.3 per cent yesterday despite the shares of Telecom New Zealand coming under selling pressure following the release of weak gross domestic product figures. The NZSE-40 index was up 6.50 to 2,009.58 on turnover of NZ$9l.7 million.— AFP $«#m »n coooiAFP - 267 words
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Article558 2000-09-30 19 AFP F1 All Ordinaries +930 AUSTRALIAN shares rose 0.3 per cent yesterday as key blue chip banking and telecommunications stocks took a lead from a rising Wall Street to counter a decline in market leader News Corp, brokers said. The All Ordinaries index rose 9.3 points to 3,246.1 whileAFP - 558 words
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Article317 2000-09-30 19 AFP H Composite Index +7.37 SOUTH Korean shares closed 1.2 per cent higher yesterday with the index up 7.37 at 613.22. Volume was 325 million shares worth two trillion won. AFP Sw Wo. Anjm Suni 7100 -50 Br on Itch 770 10 Control Bank S80 -100 Choil Comm *****AFP - 317 words
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Page 19 Advertisements
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Advertisement52 2000-09-30 19 HOME IN ON HDffS investment portfouo I I IPO- Shares. Bonds. Stocks. Annual Reports. H3 J WprrW I Whatever you're offering, we help you reach out flnH II 0/o a adults In Slnqapore dally. ftsiP 4.., U- ♦"j B The Straits Times The Business Times Lianhe Zaobao Berita Harian Tamil52 words
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Article9512 2000-09-30 20 SGX MAINBOARD Transaction date: Sep 29 Cr Cr M Wt <2 Last Vol Day L'lt Ouote Dly Olv VM Not Cap Avg Miqn Low Company M <f COOO) High Low Buyor Saltof C'vr P/E $mM Prlco MULTI-INDUSTRY 163 77 mc Acme 50c 79 *0 5 117 80 '89,512 words
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Page 20 Advertisements
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Advertisement13 2000-09-30 20 *> Communication Tools Just imagine life without them. Buy h. Sell It Rnd It.13 words
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Page 21 Advertisements
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Advertisement263 2000-09-30 21 Where to wine, dine and asmSEZ Line dancing every Monday, where you'll swing to the same moves as other dancers! On Thursday and Saturday, we have free social ballroom dancing lessons. From Mon to Thur, drinks at bar prices and first drink chargeof $12+++ on Fri, Sat and public holiday263 words
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Advertisement36 2000-09-30 21 lll^ HOTEL GRAND CENTRAL LIMITED 22 Orchard Road/Cavenagh Road. Singapore *****7 I j t@ i* m *II |f ff| 9 I JIB Advertise in Wine, Dine Entertain of The Business to 17,000 readers or Amy Choo36 words
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Advertisement55 2000-09-30 21 am *'MKm w .v J m>' NEPTUNE WEDDING A TRULY UNIQUE OCCASION Call us at 224-3922 for a perfect start to a wonderful life ahead. (l^ 1 BBJjh*** Ca*wQu»y "lb hloar, (hrrteas i num House. ttUyer (Juay Singapore (>*****. ifr Mandarin IJJ Singapttrr 1J J Otlurd Road. Singapore 2 *****55 words
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Page 21 Miscellaneous
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Miscellaneous671 2000-09-30 21 i ne Business i imes, saiuraay. aepiemoer ju, <£uuu Central <~,os Channel NewsAaia Women's Time Trial aoo ht( 6 HP f If 12.30 S lSn)almSs.' 900 4.00 Olympics: Athletics FiS»" W 100 Close 5.00 Heidi. ay nals (L). mSA 3LirtP II fs?aa nt f|j art. SEaT"* 11: 2S*bo, ™t eak,hroush671 words
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Miscellaneous276 2000-09-30 21 CRYPTIC CROSSWORD ACROSS 6 Pick up Shakespeare boring 1 No point looking, before this W jump? (4,2,3,4) Canute did this and was wet, 10 In chair first, one's getting gold they say (7) tooth (7) 8 Barnster vetting printing tech--11 Practical approach is needed in kingdom (7) Upmarket means to276 words
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The Arts
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Article, Illustration1575 2000-09-30 22 PARVATHI NAYAR - PARVATHINAYAR looks at past, present and futuristic representations of the art of the game. At the Olympics Art Festival in Sydney, she finds out how sports is closely linked with our cultures and lives PARVATHI NAYAR THE Games come to an end tomorrow night, but the Olympics1,575 words
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Article, Illustration758 2000-09-30 23 CHEAH UI-HOON; PARVATHI NAYAR - Singapore 2000 promises a mix of fine and fun art. CHEAH UI-HOON and PARVATHINAYAR get a taste CHEAH UI-HOON and PARVATHI NAYAR THERE is an unmistakable arty buzz in the air. There are arty chatter and activities guest books are filling up, press packs givenARTHUR LEE - 758 words
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Article189 2000-09-30 23 Singapore Symphony Orchestra two Pianos at the SSO The renowned London-based piano duo of Dennis Lee and Toh Chee Hung take centrestage in Mozart's ebullient Concerto for Two Pianos, one of the most loved and often-peWormed works in this medium. Lan Shui conducts. Sept 30,8.15pm at Victoria Concert Hall.189 words
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Article130 2000-09-30 23 Swan Lake Moscow City Ballet Arts Management Associates presents one of the world's most famous and well-loved classical ballet Swan Lake. Oct 5 6, Bpm at Kallang Theatre. Tickets: $80, $60, $40, $30 $20 available at Sistic (348-5555). The Sock For an evening of fun and laughter, catch this130 words
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Article243 2000-09-30 23 Singapore Art Museum Recent Acquisition An exhibition of recent acquisitions by the SAM featuring works by artists from Singapore and South-east Asia. Until Nov 5. Galleries 5-8. Singapore Art Museum, 71 Bras Basah Road (Tel: 332-3222). Tickets at $3 ($1.50 concession). Tue, Thu-Sun, 9am-6pm. Wed, 9am-9pm. Note: Free admission243 words
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Article340 2000-09-30 23 M Yasotha - Compiled by M Yasotha Art Singapore 2000 An art fair on South-east Asian contemporary art organised by the Art Galleries Association (AGA). Until Oct 1, at ARTriumui MIT A, 140 Hill Street, MIT A Building. Admission: $2; season pass at $5. Twin Spirits Works of two highly talented Vietnamese340 words
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Article, Illustration249 2000-09-30 23 Cheah Ui-Hoon - /tyl Cheah Ui-Hoon The buzz: The process of soul searching and self-understanding might become easier with this exploration of Identity and Art. Plot and players: The speaker for this talk is Adeline Kueh, Director of Studies, Department of Art Theory Art History, School of Fine Art at LaSalle-SIA College249 words
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Article862 2000-09-30 23 Parvathi Nayar - By. Parvathi Nayar LET'S place the Body at the centre. If art started as a means of representing the world, the body has been the most important 'object' represented. The way it's been featured has changed dramatically over time: whether evolving from stick figures862 words
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Article, Illustration574 2000-09-30 24 CHEAH UI-HOON - Various musicians join hands to offer a unique mix of Latin rhythms and more exotic tones in Greg Chako's latest album Integration, cheah ui-hoon gets into the groove CHEAH UI-HOON STRUMMING along the new millennium's theme cross-culturalism. ethnic diversity, globalisation, and all that jazz Singapore-based acoustic jazz574 words
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Article, Illustration814 2000-09-30 24 Susan Tsang - Retired pianist Tedd Joselson holds a concert to raise funds for promising young talents By Susan Tsang MORE than two years after retiring from performing. pianist Tedd Joselson is still happily ensconced in Singapore. He enjoys his morning swim, daily runs, cooking for intimate dinner814 words
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