The Business Times, 25 November 2000

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Total Pages: 28
1 28 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 035/12/1999 pntemet^Tttp-^busi^ SINGAPORE SATURDAY. NOVEMBER 25, 2000 85$
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  • 72 1 □sn U8MM+44.09) MjBT-SKI U ***** (+14.44) ST INDEX FUTURES WWM (+52.00) SHSGI FUTURES 258J0 (+5-30) V STOCK 1UIXET INDICES Friday Change 4 KLSE COUP 713.63 +4.76 NIKKEI 225 14,***** +I4J4 Wm SENG *****J0 —-186.81 SETWDEX 286.42 *IX JAKARTA COUP —***** __+#.66 JIASlWCOW —1,***** §47 TAIPEI WPI 6,419-99—+273.07 SEOUL
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  • 71 1 FOBEX BATES ust s$ USS 1.758 £(l!S$/S$per£) 1.400 1461 EURO(USS/S$/E) 6.841 1.478 DM 2J27 1J23 YEN 110-8 03.00 RM MOO 2.161 HK$ 7.80 4.4J6 BAHT 4169 UM RUPIAH 8,466 M8I FUME SATES SINGAPORE* 5.80 KUALA LUMPUR.... 7.67 JAKARTA ».00 BANGKOK SM MANILA 11.00 HONGKONG 8.60 TAIPEI SYDNEY 8-50 TOKYO
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  • 1071 1  -  Committee stresses spirit of code and is against legislating it By Conrad Raj [SINGAPORE] Singapore will soon have a formal Code of Corporate Governance that will embody best practices to serve as a model and benchmark for companies to strive towards and ensure the
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  • 207 1 Immediate residency for families with HKssm investment AFP [HONGKONG] Hongkong is planning to ease its immigration policy to attract wealthy families from Asia, bringing in more capital and skills, it was reported yesterday. The government would be targeting wealthy families in
    AFP  -  207 words
  • 616 1  -  Huge airport logistic hnb set to generate $300 m in fixed asset investment By Tang Weng Fai [SINGAPORE] The $12 billion a year air logistics industry received a major boost with the launch of Singapore's first integrated air logistics hub inside a free
    616 words
  • Page 1 Advertisements
    • 55 1 DBBPE Top stories PSA, Samsung to jointly develop container terminal. Next Paget HK raises GDP growth forecast to 10%. Pg 11 The Arts SSO all geared up for bigger things. Back Page Jtlf® •<> M Now Asia Biz Woman Artistic director Angela Liong on dance of CEO and window cleaners
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    • 99 1 J">-\ Enterprising bsi Ten of them received Enterprise 50 dotcom awards on Wednesday. BT will be putting out a 16-page focus on the players, and the issues of the New Economy. Free with BT on Monday. Tim STI whmer_ She was this close to the actual closing of the Straits
      99 words
    • 126 1 Wide welcomefor Code but some fear new problems, Pg 5 Hock.ljock.Btow; Just what the stock market needs, Pg 5 BMW's M 3 IST 7 I r dtn e Land Rovers Freelanaer J0! 2* If GT? f More reports BT Comment: A pleasant surprise— from S'pore Inc, Pg 3 Interview with
      126 words

  • NEXT page
    • 453 2  -  They will invest USs2oom to develop Inchon Sonth Port into a major container gateway By Ven Sreenivasan [SINGAPORE] In a move to further expand its global portfolio, Singapore's port operator PSA Corp has tied up with South Korea's Samsung Corp to jointly develop a
      453 words
    • 810 2 VP will contest decision to stop on-going recounts LAT Reuters [WEST PALM BEACH, Florida] In a move that sparked fresh uncertainty and concern, Vice-President A 1 Gore's beleaguered campaign said on Thursday that he may not concede the tumultuous post-election
      LAT; Reuters; AP  -  810 words
    • ON THE grapevine
      • 48 2 WE don't have any details on this but someone called BT to say the financial planning arm of a bank is giving out bears to those who open accounts with them. The caller wryly observed that, symbolically, bears are hardly the right mascot for investors.
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      • 40 2 A BT journalist enquiring about travel insurance had this experience with the telemarketeer. Asked if the insurer covers winter sports like skiing, the telemarketeer said yes, but added with emphasis, "but not if it's done in Singapore". Duh.
        40 words
      • 38 2 WE have received invites from the Infocomm Development Authority to an evening of lagers and frankfurters at German restaurant Paulaner Brauhaus next week. Appropriately enough, the person to RSVP to is Ms Shandi Rani.
        38 words

  • AIR logistics
    • 755 3  - A pleasant surprise from S'pore Inc I :j I comment AIR LOGISTICS With the flurry of ITAs signed all over the world, ALPS Is poised to reap some of the long promised advantages of free trade tang weng fai SINGAPORE Inc. Nanny state. Whatever you choose to call it, it
      755 words
    • 738 3  -  Major operator sees logistics park contributing to new lines of business Reports by 1 Tang Weng Fai IN an industry where time is literally money, the key strength of the Airport Logistics Parks of Singapore (ALPS) lies in its convenience and flow-through capability. That's what
      ARTHUR LEE  -  738 words
    • 682 3 THE local logistics industry will have its profile raised considerably by the new Airport Logistics Park of Singapore (ALPS). Launched yesterday, it is designed to kickstart a new round of high value-added activity in the logistics industry here. But why logistics, and why
      FILE PHOTO  -  682 words
  • Page 3 Advertisements
    • 77 3 Since 1975 our worldwide staff of over 275 multi-disciplined professionals ,> f M including lawyers, chartered accountants i K chartered secretaries and bankers have k v provided confidential and cost effective V jC company formation in all the ma|or low areaS mcludm 9 bmt*" Incorporation Fees from USSSOO The world's
      77 words
    • 20 3 ■.'TODAY®**** llianhe Zaobao Taiwanese businessman witness to how V J Y* v v>» Z traditional industries here high-tech ones iiiiilflifci
      20 words

  • ASEAN summit
    • 882 4  -  Asean-plns-3 summit calls for stndy on East Asian free trade zone By Yang Razali Kassim LEADERS from Asean, Japan, China and Korea yesterday crossed the psychological barrier and moved nearer towards forming an East Asian economic grouping of their own. After three years of
      ALBERT SIM/ST  -  882 words
    • 1236 4  -  comment ASEAN Bridging the digital divide will be challenging yang razali kassim IT WAS A case of putting their money where their mouth is. And so the Asean leaders made it a signing ceremony with a difference. After inking the
      AP  -  1,236 words

  • SINGAPORE companies
    • 505 5  -  RECOMMENDATIONS ON CORPORATE GOVERNANCE Disclosure of details of directors' packages may fuel poaching By] Ling Su Ann RECOMMENDATIONS to set up a Code of Corporate Governance in Singapore were generally welcomed by shareholders, businessmen, company directors and investment bankers, but some
      505 words
    • 484 5  -  Position based on survey of expatriates By l Chuang Peck Ming SINGAPORE companies may not be the most open but that does not make the country less transparent on the whole. According to Hong-kong-based Political Economic Risk Consultancy, Singapore is in fact tops
      Source: Perc  -  484 words
    • 868 5  -  HOCKIBTareffOT] paul thompson IF a study by McKinsey Consultants proves correct then good corporate governance is reflected in a company's shares trading at a substantial premium. Some 77 per cent of the 200 institutional investors around the world it spoke to said corporate practices
      868 words
    • 311 5  -  Byi Andrea Tan DEPARTMENT store operator Metro Holdings Ltd yesterday reported a 21.6 per cent jump in interim net profit to $6.6 million even as turnover fell 29.1 per cent to $118.1 million. The slump in revenues for the six months
      FILE PHOTO  -  311 words
    • 397 5 UMnbm endorses 9ft offer which is 33% more than the 90-cent offer of SIA associate Bloomberg [SYDNEY] Qantas Airways Ltd, Australia's largest airline, is challenging an associate of Singapore Airlines in a bidding war for Hazelton Airlines Ltd. Qantas is offering a
      Bloomberg  -  397 words
    • 246 5  -  By\ Serena Ng MAYBANK Singapore will be launching its mobile banking services today, in which it has so far invested $1.4 million for initial infrastructure. More investments are expected in the future, when new features and services are introduced, it said. Currently the services
      FILE PHOTO  -  246 words
    • 506 7  -  Strong local link already, with STT having bought 20% stake for USs27m By. Andrew Wee MODICORP of India is keen on a Singapore listing early next year despite the uncertain market conditions, and plans to go full-steam ahead on its Internet and telecoms projects
      CHRIS LOH  -  506 words
    • 256 7 No decision yet to dispose of interest in HK-listed company, it says Reuters SINGAPORE'S Pacific Century Regional Developments Ltd (PCRD) yesterday said that talks on disposal of its 44.8 per cent stake in Hongkong-listed Pacific Century Insurance Holdings (PCIH) were
      Reuters  -  256 words
    • COMPANY Briefs
      • 69 7 AVIMO Group said it has obtained a $30 million supply contract from a major Europeah armoured vehicle manufacturer. Under the agreement, Avimo will supply one-man turrets and "Cerberus" integrated laser warning and grenade discharger systems to the European company, which it did not name. The
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      • 75 7 MOTOR distributor Sime Singapore's net profit for its first financial quarter ended Sept 30 rose to $14.9 million from $10.9 million a year ago. The group achieved a turnover of $230.7 million for the quarter, an increase of 12 per cent. Profit before
        75 words
      • 71 7 NORTH 22 Technology Services Group has announced the acquisition of Hongkong's Legend Expert Systems for HK$l2 million (552.7 million). The company is currently one of Hongkong's top IT system resellers and integrators. North 22 said the acquisition is in line with the group's
        71 words
      • 59 7 POH Lian Holdings said it has entered into a conditional sale and purchase agreement for the purchase of 25 per cent of the existing issued share capital of PT Civindo Deltanusa, a company incorporated in Indonesia. Upon completion erf the agreement,
        59 words
      • 71 7 LI Xin Industries said the Singapore Exchange has given in-principle approval for the delisting of the entire share capital of the company in relation to its merger agreement with Nasdaq-listed Flextronics International. The approval is subject to the merger being approved by a
        71 words

  • SINGAPORE markets
    • 556 6  -  I :j I comment STOCKS r. sivanithy AN unexpected rise in the futures market for the Nasdaq Composite Index and the Dow Jones Industrial Average yesterday gave traders an incentive to buy ahead of an anticipated Wall Street rally yesterday. Unlike Thursday
      556 words
    • 191 6  - SingLand wrt worth nibbling at with a pinch of care WARRANT WATCH By R Sivanithy THE last time we featured Singapore Land's warrant some six weeks ago, it sold for $1.47 apiece. In the intervening period, the shares and warrant have crept up very slowly, with the latter closing at
      191 words
    • 244 6  -  HOT STOCK By' Ven Sreenivasan IPCO International is one stock which seems to be enjoying strong liquidity despite the fact that many market players don't have a clue as to what is happening with the company. The stock gained 1.5 cents to 47.5 cents
      244 words
    • 153 6 ♦ADROIT Innovations will hold its AGM on Dec 8 at 10 am at Room No 306, Singapore International Convention and Exhibition Centre, Suntec City. ♦FIRST Engineering has appointed Sadikin Darmawan Wang Chan Wei director of the company. Mr Sadikin is the son of directors Ong Sin Seng Supardi
      153 words
    • 343 6 AFP [TOKYO] The euro jumped against the US dollar and yen in Tokyo yesterday on rising speculation that the European Central Bank (ECB) might intervene to boost the sagging currency, dealers said. At 0800 GMT, the single European currency was quoted at
      AFP  -  343 words
    • 517 6 Stocks Voiume SGX1c 36,535,000 IPCCorpn5c 17,264,000 Chart Semiconductor 26c 15,140,000 (X)BDBeCW*****3 13,069,000 PaoficCenturylOc 11,951,000 PCI 25c 10,894,000 AddvaUech 2.5c 9,099,000 CapitaLand 6,876,000 Omni Ind 10c 6,125,000 Vickers Capital 25c 6,013,000 Stocks SGX1C 292,360,263 Chart Semiconductor 26c 101,962,000 SGX1c 49,499,106 SIA 28,586,400 OCBC 28,286,845 Nat Elec 10c 21,910,050 VentureMfg25c 20,862,800 DBSGrp
      517 words
  • Page 6 Advertisements
    • 78 6 iiiasiaonemarkets W|Hj9 CITIBANK Win $20,000 AsiaOneMarkets and Citibank bring you a real time, online investment game in which men pit their skills against women. We'll give you a million virtual dollars to play for the grand prize of $20,000 plus an additional $5,000* if you're a Citibank customer. Sponsored by:
      78 words
    • 64 6 Grow Your CPF With eiBht Important Ail applications lor un.ts in eight must be made on the application forms accompanying *he prospectus Investors must read Hie p r ospectus The value of the units and the ncome from them may fall as well as rise S3! H SSBW SPECIAL INTERESTS
      64 words


  • SINGAPORE news
    • 361 8  -  It will pay Insas RM9Bm; owners to spend RM3O-50m to upgrade property By Andrea Tan GOVERNMENT of Singapore Investment Corp (GIC) is buying a 70 per cent stake in a 40storey office block in Kuala Lumpur for RM9B million (5545.3 million) from
      361 words
    • 129 8  -  By Arthur Lee WINE is definitely getting more popular with Singapore drinkers. And local wine lovers are more knowledgeable than the Italians or even the French. This was the view of Nicolas Olivry, manager of the wine division of Indoguna (S) Pte Ltd. Mr
      ARTHUR LEE  -  129 words
    • 506 8 The Straits Times A WOMAN whose marriage was on the rocks saw senior lawyer Dennis Mahendran Singham for advice. A month after she first consulted him, they became lovers. For that indiscretion, the 52-year-old lawyer was yesterday suspended from practising for three years.
      The Straits Times  -  506 words
    • 136 8 Bloomberg [JAKARTA] PT Pertainina, Indonesia's state-owned oil refiner, said it may double the amount of crude oil it processes at Royal Dutch/Shell Group's refinery in Singapore to boost its fuel stockpiles as demand rises. In October, Pertamina signed an agreement with Shell to
      Bloomberg  -  136 words
    • 185 8 NGEE Ann Kongsi said yesterday it expects to spend more than $1 million over the next three years to subsidise and run the first Traditional Chinese Medicine Centre which will open tomorrow. Richard Lee, honorary secretary for Ngee Ann Kongsi, said the centre
      185 words
    • 284 8  -  4 on the economy visitor arrivals By Kelvin Ng VISITOR arrivals from Thailand fell 10.4 per cent last month, while growth from Malaysia slowed to 5.3 per cent due to bad press from the hand, foot and mouth disease (HFMD). However, October's 635,866 arrivals grew
      Source: STB  -  284 words
  • MAIL bag
    • 829 8  -  JJ Alfred EFRS Consultants Singapore, via Internet I WOULD like to offer some comments on the article "International Accounting Standards could save billions" by Paul Thompson (BT, Nov 18). ♦Are all companies equal? If we do not take into account differences in individual companies and
      829 words
    • 347 8  -  JFK Miller LLB Head of Singapore and New Market Development ACCA Singapore, via Internet I REFER to the article "International Accounting Standards could save billions" by Paul Thompson (BT, Nov 18). The Association of Chartered Certified Accountants (ACCA) would like to lend its view on
      347 words
    • 392 8  -  Ronald Chong Manager (Public Affairs) Central Provident Fund Board I REFER to the letter "CPF move will be to members' disadvantage" (Mailbag, Nov 16) by Jason Lim Kim Seng and "Help affected CPF members" (Mailbag, Nov 21) by Leong Sze Hian. CPF investors who bought
      392 words
    • 97 8  -  Jimmy Teo I REFER to the article "Lawyer charged for sexual relationship with client" by Conrad Raj (BT, Nov 21). Disciplinary actions against wayward lawyers should be given full publicity. In this way, lawyers would learn how to behave themselves. They are supposed to be
      97 words
  • Page 8 Advertisements
    • 68 8 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
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  • e-NEWS
    • 548 9 TOKYO 36b yen net doesn't impress analysts as they wonder when its businesses will generate earnings Reuters Bloomberg INTERNET investor Softbank Corp said yesterday it returned to profit in the past half year, but left investors wondering when it would start
      Reuters; Bloomberg  -  548 words
    • 442 9 The possibility is rising that they were rather bad investments FT [LONDON] Third-generation mobile telephone services have quickly gone from a potential pot of gold to a cauldron of ruin at least if financial markets are to be believed. Have the companies that so lavishly bid
      FT  -  442 words
    • 231 9 STOCKHOLM Report says it will l&nnch Network Database early next year to compete with giants like IBM and Oracle Reuters SWEDISH telecoms equipment maker Ericsson has developed a product which it hopes can take a slice of a multi-billion dollar market for fast databases, the
      Reuters  -  231 words
    • 228 9 NEW YORK Reuters SONY Electronics has killed a newly created US advertising campaign, part of which features Santa Claus being chloroformed and dumped into the trunk of a car, after a cable network objected, the Wall Street Journal reported in its Friday electronic
      Reuters  -  228 words
    • 64 9 [HONGKONG] Kirsty Little of the Dream Engine from London performs under the heliosphere, a massive helium balloon, with a backdrop of the Hongkong skyline earlier this week as part of MSN network's campaign to celebrate the launch of its Chinese Hotmail service. International Internet service
      REUTERS  -  64 words
    • 409 9 TOKYO World's No 3 game console maker posts 32.4b yen group net loss Bloomberg SEGA Corp, which expects a fourthstraight annual loss this fiscal year, said it lost money in the six months through September after it cut the price of
      Bloomberg  -  409 words
    • 531 9 M LONDON Europe's IT sector hit by an investor backlash Reuters SOFTWARE firm Sema Group, one of Britain's top IT companies, shed almost half its value yesterday after it issued a profit warning, delivering another sickening blow to the European technology sector.
      Reuters  -  531 words
    • 338 9 MILAN Bloomberg TELECOM Italia SpA will sell a stake in a real-estate unit with assets primarily in Italy's three most-populated regions, allowing the country's largest telephone company to cut its debt 17 per cent. Beni Stabili SpA, Italy's second-biggest traded real estate company
      Bloomberg  -  338 words

  • REGIONAL news
    • 611 10  -  UEM hits 30% trading limit on re-quotation as management fails to allay fears over deal From 1 Eddie Toh in Kuala Lumpur THE Malaysian market remained unconvinced that United Engineers Malaysia has done the right thing in taking over the pledged assets of
      611 words
    • 146 10 UNITED Engineers Malaysia should be grateful to its boss Halim Saad, said a senior UEM official. "It was not something he was obligated to do. He offered it of his own volition. We should be gracious to him," said UEM managing director Ramli Mohamad
      146 words
    • 954 10  -  The city manages to put a delusive gloss on the mundane for a while WRITER'S JOURNAL karim raslan IT'S HARDLY surprising that Mickey Mouse's hometQwn, Los Angeles, should have defied the written word for so long. With the exception of Raymond Chandler (author of The Maltese
      FILE PHOTOS  -  954 words
    • 465 10 KUALALUMPUR Bloomberg Reuters THE Malaysian government is in talks to buy 29 per cent of. Malaysian Airline System Bhd, the national airline, from businessman Tajudin Ramli, Transport Minister Ling Liong Sik confirmed yesterday. "It is being negotiated," Mr Ling told reporters.
      Bloomberg; Reuters  -  465 words
    • 370 10 KUALALUMPUR 10 institutions involved in RMl.6b underwriting AFXAsia Reuters TIME Engineering Bhd unit Time dot Com Bhd signed an agreement with 10 institutions for the underwriting of 487.539 million Time dot Com shares, or 85 per cent of Time dotcom's
      AFX- Asia; Reuters  -  370 words
    • 317 10 JAKARTA Reuters INDONESIA'S Bank Restructuring Agency (Ibra) said yesterday it had sold one of the world's largest mosquito repellent producers to the world's largest household cleaning products company for 610 billion rupiah (Ssl 13.5 million). The sale of Mosquito Coil Group (MCG), once
      Reuters  -  317 words
    • 267 11 TAIPEI AP TAIWANESE lawmakers passed a bill yesterday that offers incentives for bank mergers, a major step towards badly needed financial reform. The law allows local banks to merge with foreign banks. The government can also order the takeover of troubled cooperatives and other
      AP  -  267 words
    • 636 11  -  Exports boost Q3 growth to 10.4% bat domestic demand is lagging and prices are falling From, Audrey Tan in Hongkong HONGKONG yesterday raised its full-year GDP forecast to 10 per cent, from an earlier 8.5 per cent, as buoyant exports of goods and
      636 words
    • 87 11 [BEIJING] Chinese reading the history of the civil war between the Communist and the Nationalist Party engraved on the banks of a 2&-metre-long arui three-metre-wide bronze canal at the Millennium Monument here yesterday. Half-a-century after the Nationalists lost the civil war and fled to
      REUTERS  -  87 words
    • 379 11  -  Prom Al Labita in Manila THE Philippines' second highest public official who helped to bring about the impeachment trial of President Joseph Estrada in Congress now finds herself in the same predicament. American-educated Gloria Arroyo, daughter of late president Diosdado Macapagal, win
      LUDWIG ILIO/ST  -  379 words
    • 201 11 Art experts call supposed Van Gogh, Picasso and Monet fakes AP [JAKARTA] An auction of so-called long-lost masterpieces was cancelled at the last minute yesterday after art experts said the pictures were fakes. Organisers had claimed the paintings had been recovered during
      AP  -  201 words
    • 462 11  -  Wang l.nng Aairm»i prefers to see T&m&r site used for commercial purposes Frotni Quak Hiang Whai in Hongkong SOGO Co, the landmark Japanese department store in the Hongkong shopping district of Causeway, has approached Hongkong-listed Hang Lung Development to buy the store. At
      462 words
    • 466 11 I HONGKONG It will pay an average rate of 85 bps more than Libor Bloomberg PACIFIC Century CyberWorks Ltd, which runs Hongkong's main telephone company, lowered its interest costs by more than half on a US$4.7 billion (SsB.2 billion) loan that
      Bloomberg  -  466 words
  • Page 10 Advertisements
    • 1270 10 I NOTICES To advertise call toll-lree 1800-741 1883 Fax No: 741 1298^ IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) PURSUANT TO SECTION 290(1 Kb) Al a General Meeting of VENTURE SERVICES PTE LTD duly convened and held at 331 North Bridge Road #05-04/06 Odeon Towers Singapore *****0, on
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  • Page 12 Advertisements
    • 35 12 o 0 TO GET TO THE NEWS FAST Fresh Home News jaßEm s j| jv jH ■'"^jjj^^w./' m A Rich Blend of Prime and World News MyMoming My Straits Times Call 749 7233 for subscription
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  • WORLD news
    • 637 13 TOKYO EPA nsing newer int'l standards of calculating growth; GDP up 1.4% in '99 AP PUTTING a rosier glow on the Japanese recovery,, a recalculation using newer international standards showed the economy grew 1.4 per cent last year, nearly three times the 0.5 per cent
      AP  -  637 words
    • 304 13 TOKYO Reuters JAPAN'S four big banking groups by yesterday unveiled generally downbeat halfyear earnings after a triple blow from low returns from core operations, costs for problem loans and weak stocks. Of the four, the group of Sumitomo Bank and Sakura Bank, due to
      Reuters  -  304 words
    • 393 13 LONDON Reuters COMMODITIES traders shouted their last orders across the floor of the London International Financial and Options Futures Exchange (Liffe) yesterday as one of the last traditional futures markets goes totally electronic. From Monday, the click of a mouse will replace the old
      Reuters  -  393 words
    • 441 13 MELBOURNE Offers A 514.80& share for 66% of firm it doesn't own Bloomberg ROYAL/Dutch Shell Group offered to pay as much as A 56.5 billion (S6 billion) in cash for Woodside Petroleum Ltd shares it doesn't own, to boost its natural gas reserves
      Bloomberg  -  441 words
    • 558 13 LONDON 7 of UK's 50 biggest earners of the past year worked in money management: poll Bloomberg ELTON John took home about £26 million (Ss64 million) in the past year. That looks paltry when compared with fund management executive John Duffield who received £175
      Bloomberg  -  558 words
    • WORLD Watch
      • 90 13 Bloomberg [PARIS] Credit Agricote, France's second largest lender, was given the option to buy businessman Vincent Bollore's 31 per cent stake in Lazard bedding company Rue Imperiale de Lyon SA for 3.9 billion francs (*****.3 million). Credit Agricole can buy the stake from Bollore's
        Bloomberg  -  90 words
      • 128 13 Reuters [TOKYO] Mitsui Construction Co, an ailing medium-sized Japanese general contractor, yesterday said it had negative net worth and may be forced to serfs help from banks. Its negative net worth was 71.5 billion yen (Ssl.l billion) on Sept 30. The news drove Mitsui's shares to
        Reuters  -  128 words
      • 105 13 Bloomberg [SEOUL] Samsung Commercial Vehicle Co filed for liquidation after its lenders earlier this month decided not to extend further loans to the company. The truck unit of the Samsung Group, Korea's biggest industrial group, submitted the filing with a civil court in Taegu, east
        Bloomberg  -  105 words
      • 94 13 Reuters [BERLIN] DaimlerChrysler may have to cut jobs at its beleaguered US Chrysler unit as it grapples to stem losses and restore investor confidence. Group chief financial officer Manfred Gentz told Reuters in Berlin that job cuts at Chrysler "could become an issue" and a statement
        Reuters  -  94 words

  • MOTORING
    • Article, Illustration
      913 14  -  adruiv unr checks out Land Rover's latest the V 6 auto Freelander in France's scenic Beaujolais district ADRIAN LOW The writer is a freelance motoring journalist CRITICS didn't know what to make of the Freelander when it made its debut in 1997. Had the famous Green Oval of
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    • 462 14  -  Six sold at lannch party for Land Rover marque even before prices were fixed Reports by David Boey THE Freelander V 6 automatic has been pulling Land Rover fans into Regent Motor's showroom long before sales of Solihull's latest 4x4 was launched in Asia. The
      CHRIS LOH  -  462 words
    • 335 14 LAND ROVER distributor Regent Motors has splurged $300,000 to recreate offroad conditions at a grassy area just next to the National Stadium to show offroad fans how a Freelander V 6 automatic struts its Regent said its budget for creating the "Land Rover
      335 words
    • 1055 15  -  VEN SREENIYASAN gets behind the wheel of the new M 3 the second fastest BMW money can buy. Make that loads of money VEN SREENIVASAN The writer is a BT senior correspondent. He was in Jerez, Spain, to sample the M 3. WBfl HEN BMW's first M 3
      1,055 words
    • 870 15  -  The understated M 3 is lined up against flashier dancers and bears comparison with the likes of the Porsche 911, Maserati 3200 GT, Jaguar XKR, and the AMG versions of Mercedes-Benz's CLK and E-class By Andre Lam The writer is
      870 words
    • 466 16  -  Teo Chiang Chai I REFER to the article "$5O COE comes with downside after all" (BT, Nov 15) by Christopher Tan. I am very puzzled as to why there are still people who believe that higher COE prices are preferable- Their argument is that
      466 words
    • 287 16  -  Yeo Tek Beng I REFER to the letter "Getting a grip on the Mitsubishi Galant" (BT, Nov 11). I wish to know more. What happens when, after getting the log'card of your new car, you discover that it was manufactured six months or
      287 words
    • 178 16  -  Tan Kin Lian Chairman Motor Insurance Task Force General Insurance Association of Singapore I REFER to the letter "GIA should look into root of problem" by Khoo Hock Seng (BT, Nov 18). Mr Khoo suggested that insurers send photos of the damaged vehicles to
      178 words
    • 436 16  -  Eddie Tan Taman Serasi I REFER to the article "Who dares wins" by Christopher Tan (BT, Oct 20). I am a new car buyer considering the three car models, the Toyota Corolla, Honda Civic and Nissan Sunny, reviewed in the feature. After test-driving both
      ARTHUR LEE  -  436 words
    • 286 16  -  Wim van Heugten THIS is in response to your story on the use of natural gas as a car fuel (Business Times, Sept 14). My company Gastec NV is very much involved in studies on the technical and economical feasibility of natural gas as
      286 words
    • 118 16  - Ford move cheaper cars? Damien Lee I REFER to the article "Ford set to distribute own brands" by Christopher Tan (BT, Nov 8). Great news! Hopefully, when these big boys come into the market, the monopoly and "old boys' club" mentality of the local distributors will no longer exist. They
      118 words
    • 167 16  -  Bernard Tan I REFER to a recent comment about Saab cars (BT, Nov 4). I have had the pleasure of owning four Saabs. Their biggest drawback is that the first owner suffers massive depreciation in resale value. For example, I obtained
      167 words
    • 150 16  -  Augustine C H Heng JUST another query on automatic transmission cars. Wouldn't it lead to higher fuel consumption by leaving the car in Drive? Between the cost of wear-and-tear and fuel, which would be more economical, considering the high cost of fuel these days?
      150 words
    • BUMPER to BUMPER
      • 63 16 VOLVO'S SBO has become the first car in the world to get top marks in both the leading European and American crash tests. They were carried out by three independent institutes: the European New Car Assessment Programme; US New Car Assessment Programme; and the
        63 words
      • 108 16 ALFA Romeo's new 147 (above) has bagged the international Car of the Year award for 2001. The latest Italian compact has won the hearts of a panel made up of 56 motoring journalists from 21 European countries. This makes it the 10th
        108 words
      • 121 16 RENAULT will return to Australia—one of the region's largest vehicle markets in the first half of2ool. The French brand will be distributed through the country's Nissan network. Renault is the single largest shareholder of Nissan; and the manufacturer said its return will "allow the Nissan
        121 words
      • 117 16 and Ford set to return to Indonesia FORD is in the final stages of making a return to Indonesia, and is expected to kick off with a handful of dealerships in Jakarta. Gerald Kania, Ford's top executive in the region, told BT recently that a fully-owned company in Indonesia will
        117 words
      • 72 16  -  Compiled by < Christopher Tan PORSCHE Ag posted better profits for the year ended July 31,2000, despite having incurred considerably higher costs for the development of a new model line. Pre-tax earnings were 21.5 per cent higher at 848.5 million deutschemarks (*****,5 million), while after-tax
        72 words


  • Page 16 Advertisements
    • 136 16 Wheel matters with Christopher Tan FILE PHOTO ERP: the Land Transport A uthority should have modified the ERP system to suit technological advances in cars, not the other way Is it fair we have to face glare? I REFER to the "Anti-glare screens block out ERP gantry too" by Christopher
      136 words

  • Page 17 Advertisements
    • 303 17 Congratulations Celebrating Singapore's Enterprising Spirit i s' t. < r to fh/'s year's winners of Enterprise 50... *ten K I @50 dotcom Organised by. pSP^i dotcom Oefencrv P Y*p jy\ J m Btttß i jfTßlßlliM PMVVnrwn fli > m fl BB ■"SjpWWr' #>*& 1. Tee Yih Jia Food Manufacturing 18.
      303 words

  • FINANCE & commodities
    • 296 18  -  SGX Derivatives Tn^aagReport ST Index/MSCl S'pore Index Lau Chee Keong THE Singapore stock market rose for a second day, led by technology and property stocks in a thinly traded market yesterday. The Straits Times Index finished higher at 1984.36, a gain of 44.09 points,
      296 words
    • 224 18  -  MS& Taiwan Index Lau Chee Keong THE MSCI Taiwan stocks index extended its gain, buoyed by firmer European markets and a rebound in Nasdaq futures. Technology and bank stocks led the market higher on firmer memory chip prices as well as the passage of a
      224 words
    • 169 18 ENERGY REPORT Bloomberg [LONDON] Crude oil was little ch&nged yesterday as traders awaited signals whether tension in the Middle East will threaten supplies from the region and as weather returned to normal in the fuelguzzling US Northeast. An expected showdown between Iraq
      Bloomberg  -  169 words
    • 309 18 Reuters London THE yen slid yesterday, hitting nine-month lows against the US dollar and three-week lows against the euro as concern that more Japanese bankruptcies could be in the pipeline heightened gloom about the country's economy. The Japanese currency posted its biggest losses against the euro, which jumped
      Reuters  -  309 words
    • Article, Illustration
      1163 18 jggggggpgggljgggggPQggBBggBBBgBgBggpgBHBHHMffaBMMNBMOTNaNaMMIilMMBNfMlMaM r/iilirwrHWSSjWWWISiliaW^WWWHWtfWIIWtliWi DTTERBAIfK CROSS RATES Nov 24 A$ C$ W tw ft B« HttMb **UI Yw> Wow HlilZ$MtB»N«P S$ Band SlrllT$B*t Hwnd U$$ Australia 0.807 4.339 0.622 4.079 1216 4.078 24.498 49.478 0.579 6215 1.986 1204 30.139 25.811 0.919 4.097 0.946 17.(78 22.842 0.373 0.523 Canada 1239 5J75 0.770 5.053
      1,163 words
    • 1841 18 SICOll FUTURES Nov 24 RUBBER (MtradHtafasMUlM) RSS1 CONTRACTS cenfe/kQ} CteM VolMM 0PM Month Nj» Low Sott (t—«) Utorwt Dec 00 H2.00 Jan 01 112-75 50 Feb 01 1W.50 50 Mar 01 H6.00 350 RSS 3 CONTRACT (USccnbAg) VolMM OpM Month Ml|ll Low Sott (tOHMS) hltomt Dec 00 1 «J5 jjjo
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  • STOCKS east asia
    • 2859 19 HONGKONG AFP n Hang Seng -186.61 HONGKONG share prices closed 1.3 per cent lower yesterday, led by China Mobile, which fell back after early gains amid continued concern over proposed tariff changes in the mainland, dealers said. The key Hang Seng Index
      AFP  -  2,859 words
    • Article, Illustration
      1021 19 AFP Reuters O Shenzhen B Index -3.52 SHANGHAI B shares plunged 6.2 per cent yesterday on a selling spree triggered by a report indicating China Securities Regulatory Commission (CSRC) would strengthen supervision and crack down on market manipulation, dealers said. The Shanghai Stock Exchange's Bshare Index dropped 4.75 points
      AFP; Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,021 words
    • 345 19 AFP QWP Index +273.07 TAIWANESE shares jumped 5.30 per cent yesterday on strong buying sparked by the parliamentary approval of a bill on bank mergers and reports of new government support measures, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 273.07 points to 5,419.99, on turnover of
      AFP  -  345 words
    • 2007 19 TOKYO AFP Q Nikkei 225 +14JH SHARE prices in Tokyo closed marginally higher yesterday as investors found few fresh incentives to buy in thin trade on a day sandwiched between a holiday and the weekend, brokers said. The Tokyo Stock Exchange's Nikkei 225 Index
      AFP  -  2,007 words
  • Page 19 Advertisements

  • STOCKS klse
    • 454 20 AFP PI Composite Index +4.76 MALAYSIAN shares closed 0.7 per cent higher yesterday as local funds selectively bought into heavyweight stocks, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended up 4.76 points at 713.63. The Second Board Index gained
      AFP  -  454 words
    • 8607 20 INDUSTRIALS Consumer products 2000 Last Vol Day Net Cap Hl«h Low Company Sah 'OOP High Low P/C SmH 420 310 Ajinomoto 340 18.6 137.8 158 46 Angkasa 48 unch 9 48 47 70.8 670 290 Apollo Food Hlg 352 -14 9 366 350 7.6 140.8 3825 2700 BAT 50c 3700
      8,607 words
  • Page 20 Advertisements

  • SGX clob & regional stocks
    • 3022 21 BONDS WARRAMTS Nov 24 Wt mn*i Praa/ U*try j2-«Mk Last Vd Day lastOMte A«| ht—4 Can Em She Mkt Hifk Lm Company Sak *«r- 000) Hi* Laa layar Safer Price Ml latto Prtca Gearta** Laft 51.5 3 s Acma W*****4 4 4 5 4 41.0 1 300 280 20.00 8
      3,022 words
    • Article, Illustration
      735 21 AFP QSETInto *120 THE Thai stock market rose 0.4 per cent yesterday but struggled to gain further ground due to a lack of positive factors to lead the bourse, dealers said. The Stock Exchange of Thailand (SET) Composite Index added 1.20 points to close at 285.42, and the SET
      AFP  -  735 words
    • 270 21 AFP Composite Index -5.47 PHILIPPINE share prices closed 0.4 per cent lower yesterday on renewed weakness of the peso and domestic political uncertainty. The Composite Index lost 5.47 points to end at 1,442.27. Turnover rose to 453.55 million shares worth 600.93 million pesos.—AFP Nov 24 Peso (000) MRC Allied
      AFP  -  270 words
    • Article, Illustration
      674 21 AFP f% Composite Index +0.66 INDONESIAN share prices closed mixed yesterday with profit-taking in second-liners and select blue chips offsetting gains in cigarette and retail stocks, dealers said. The Composite Index closed up 0.66 point, or 0.15 per cent, at 434.21 on a volume of 318.10 million shares valued
      AFP  -  674 words
    • 266 21 AFP Q NZSE-40 -&84 THANKSGIVING holiday in the US meant the New Zealand share market had very little to be thankful for yesterday as it fell 0.3 per cent in light trading. The NZSE-40 Index ended down 6.84 points at 1,964.83 on turnover worth NZ595.5 million.—AFP Nov 24 117$
      AFP  -  266 words
    • 557 21 AFP PUMgriji +L 0 AUSTRALIAN shares rose just 0.03 per cent yesterday in lacklustre trading lacking direction from overseas, brokers said. The All Ordinaries Index rose by one point to 3,230.70, while the S&P/ASX2OO Index fell by 0.60 point to 3,280.60. National turnover totalled 589.65 million worth A 52.10
      AFP  -  557 words
    • 313 21 AFP IHfCompoate Index +1(153 SOUTH Korean shares rose 3.20 per cent yesterday, with the index up 16.53 at 530.84. Volume stood at 313 million worth 1.10 trillion won.—AFP Nov 24 Won Anam Semi 5490 200 Brain Tech. 570 5 Central Bank 170 unch Cheil Comm ***** -2000 Oa« Cu
      AFP  -  313 words
  • Page 21 Advertisements

  • 9895 22 SGX MAXNBO ARD Transaction date: Nov 24 Cr Gr M Wt 52-Wk Last Vol Day Last Ouota Olv Div YM Nat Cap Avg High Low Sale COOP) High Low Buyer Sailar C'vr P/E Smll Price MULTHNDUSTIY 163 75 m c Acrrvi 50c 80 *1.5 36 80 78 79
    9,895 words
  • Page 22 Advertisements

  • Page 23 Advertisements
    • 246 23 j Where to wine, dine and entertain MernalionaT _[^f in jtely the first card in the world 4545 I HOTEL GRAND CENTRAL UNITED 22 Orchard Rowl, Singapore *****7 Tet 737 9044 Ext 400/02 Fax; 733 3175 "Tunch" is the best for lunch and high tea rolled into one. Which means
      246 words
    • 56 23 Food For Thought l ine Dining at it\ best i\iii im in'.mv, n vi 11 2 course meal $.15.0(1 K SiU'ii ;i starter. then main from our ala-cartc nitnii. l or an additional 55.00 saxor an irresistible dessert as will. shrooms MODERN FINE DINING fO i ttlot hi Stifi't llljftti
      56 words
  • Page 23 Miscellaneous
    • 922 23 TVr*^ Pj lh nl long-term girlfriend be- Ini(Variety). 1030 Urban Blueprint. come an embarrass- 4.00 Hanya Dikau. 11-00 The World Tonight. mi. m vn 8.00 AM Kids Central: The ment. 5.00 Ferdy. 1130 48hrs. A Big Bug Show. 11.00 Poltergeist: The Lega- 530 Aksi Mat Yoyo. 1230 AM Hollywood Femme
      922 words
    • 250 23 CRYPTIC CROSSWORD ACROSS accents (9) 1 Some lunch efficiently produced 4 alternatives allowing no by him? (4) negotiation (4,2,2,5,2) 3 Succeed as fisherman, not as 5 Such a competitor is out of place rower (5,1,4) (4-3) 8 Benefactor of two boys (6) 6 It will bear driver's overheads 9 Vital
      250 words

  • New Asia Biz Woman
    • 993 24  -  for choreographer Angela Liong. That's when her latest work, Urban Sanctuary, will be performed in the heart of the financial district, on the rooftop of the Centennial Tower, paryato mayar finds out where she draws her inspiration from PARVATHI NAYAR T'Snota dance ■I H| about the
      CHRIS LOH  -  993 words
  • Page 24 Advertisements
    • 123 24 0 O ■HH ij ""^y hssbb MiTAC Slim Not ©book MiNote M 755 Light weight is on eveyone's wish list tor a notebook computer Too olten though MiTAC Slim Notebook to get one that's easy to carry you have to give up features--tike speedy ay r-~*&2s*^-----«:-«-•:•• performance and good battery
      123 words
    • 24 24 Urban Sanctuary, Dec 7-10; Bpm; 35th storey, Centennial Tower, 3 Temasek Avenue. Tickets (only 50 tickets per night) at $35. Call 238 6469f0r bookings/enquiries.
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  • The Arts
    • 815 25  -  Fired by the success of their recent trips to German cities and Lucerne, Switzerland, SSO is all geared up for bigger things. But first, a new or renovated concert hall would be a boost, JOHN GEE learns JOHN GEE WHEN the Singapore Symphony Orchestra (SSO) set foot
      FILE PHOTOS  -  815 words
    • 742 25  -  Though S'pore Chinese Orchestra has not performed ontside Asia, 4 of its musicians made a success of a recent tour to Australasia By; John Gee WITH the SSO making its name overseas, how about the Singapore Chinese Orchestra? The SCO has only existed in its present form since
      742 words
    • 822 26  -  Armed with a PhD in electrical and electronic engineering, freelance photographer Tan Ngiap Heng has come a long way since the days of shyness and nerdiness. He opens up to SHEW YAW HOONG SIEW YAW HOONG ONE question that freelance photographer Tan Ngiap Heng has to
      SIEW YAW HOONG  -  822 words
    • 240 26  -  Byi TXT a. Aaron Lye IN the wake of the success of previously hosted European film festivals, cinema operator Golden Village apparently saw the potential of taking on yet another one the German FilmFest 2000. Sponsored by Deutsche Telekom and organised by the Goethe-Institut Singapore in
      240 words
    • 1833 27  -  Ballet master Janek Schergen has the sole task of carrying on the works of the late Goh Choo San and it's a role he cherishes. He tells CHEAH Ul-HOON why CHEAH UI-HOON THIRTEEN years after Singapore-born Goh Choo San's death, his works still
      PHOTO BY ARTHUR LEE  -  1,833 words
    • 422 27  -  'Chameleon' succeeds in whipping np a good time of '70s style dance and music Byi Aaron Lye IT aU comes down to a matter of taste, it seems. Some may find the campy '70s style appealing for the garishness of its colours and fashion; others may
      422 words
    • 402 28  -  Some of the original choreographic works showcased by Odyssey Dance Theatre fail to take off despite the spiritual theme, says fiHBAH UI-HOOM CHEAH UI-HOON THE write-up in the programme sheet was promising. So was the simple, stark use of another media at the beginning—a slide projection
      402 words
    • 462 28  -  In Berlin Sch&nbnhne's 'Allee der Kosmon&nten', dancers used their bodies to convey dysfunctional behaviour in a family By Cheah Ui-Hoon IF we took a peek into the average household, would we see dysfunctionality or functionality? What is dysfunctional family behaviour? The father and mother keeping
      462 words
    • Article, Illustration
      182 28  -  By Cheah Ui-Hoon The buzz: What makes performance art an artform, the most talked about genre in contemporary art today? Plot and players: Performance artist and lecturer Margaret Tan will talk about this genre, tracing the key developments, exponents, works and thematic concerns of performance art with a view
      182 words
    • 684 28  -  Compiled by, Aaron Lye MUSIC A Violin Recital by Kam Nlng Accompanied by pianist David Laughton, Kam Ning will perform various works, including Yue Yun Tang Shi Qu, composed by her artist-composer father, Kam Kee Yong. ♦Nov 26,8pm, Jubilee Hall, Raffles Hotel. Tickets at $20 available at all
      684 words

  • Page 26 Advertisements
    • 39 26 The German FilmFest 2000 is currently being screened at Golden Village Great World City. Tickets are available at $8 at all Golden Village box offices and at www.goldenvillage.com.sg. For more details contact the Goethe Institut at tel no. 735-4555.
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  • Page 27 Advertisements
    • 105 27 Goh Choo San's Romeo and Juliet will premiere at the Kallang Theatre with the SDT-Business Times Ballet Ball on Dec 13, and participation will be available by donation of $500/$l,OOO/s2,oooper seat or by table donations of $5,000/slo,oooand $20,000. After the Ball, performances will be held from Dec 14 to 16
      105 words

  • Page 28 Advertisements
    • 31 28 Today's talk is held from 2pm to 3pm, at the Patron's Club, SAM, 71 Bras Basah Road. Bring a copy of the day's Business Times for free entrance to the talk.
      31 words