The Business Times, 9 December 2000

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Total Pages: 24
1 24 The Business Times
  • 27 1 H 1I"""""THf~" I ""tut™^*^! I I I I I 11 I Jl jRjtj• I I J MITA(P) 035/12/1999 85e SINGAPORE I Internet: http://business-times.asial.com.sg/ SATURDAY, DECEMBER 9, 2000
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  • 76 1 sn 1,960J6 (+1.43) BT-SRI 80L93 (+1.07) ST INDEX FUTUBES 1,968.00 (-1.00) SIMSCI FUTURES 252.70 (-0.90) STOCK MARKET INDICES Friday Change KLSF, COMP 733.49 -2.48 NIKKEI 225 14,696.51 -23.85 HANG SENG 15,189.33 +177.81 SET INDEX _273.69 +0.98 JAKARTA COMP 431.81 a83 MANILA COMP 1,400.36 +9.69 TAIPEI WP1 5,252.83 +40.10
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  • 73 1 FOREX RATES us$ ss L'S$ 1.736 £(IJSS/S$ per 1.445 1507 EUROfl'SS/SS/E) 0.889 1,543 DM 1201 1.268 YEN 110.6 63.70 RM 3.800 2.189 HK$ 7.797 4.492 BAHT 43.41 25.01 RUPIAH 9.561 5508 PRIME RATES SINGAPORE* 5.80 ffitUUHVDI 7.67 MMAXSh 39.00 BANGKOK 9.50 MANILA HJ» HONGKONG 8.50 TAIPEI 7.84 SYDNEY 8.50
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  • 600 1  -  Ties degenerate over cuts in agents' commission and revealing of actual ticket cost to passengers By Andrea Tan [SINGAPORE] The threat by the National Association of Travel Agents of Singapore (Natas) to throw Singapore Airlines out of the association over cuts in commissions
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  • 991 1  -  Govt making life tough for governor by restricting his movements and duties From Shoeb Kagda in Jakarta THE standoff between the government of President Abdurrahman Wahid and Indonesia's central bank governor Sjahril Sabirin intensified yesterday with the attorney general's office slapping new restrictions
    REUTERS  -  991 words
  • 813 1 Worldwide slowdown blamed for lacklustre performance of tech stocks Reuters [SEATTLE] When it rains it pours. That was never truer for technology companies than on Thursday when the thunderheads of a slowing economy burst on high-tech giants like Microsoft, Motorola and Intel. The day
    Reuters  -  813 words
  • Page 1 Advertisements
    • 83 1 INSIDE Top Stories Schering-Plough to spend USs46sm to boost S'pore ops. Next Page F&N beats forecasts with 248% profit leap. Pg 3 KepLand pays $229.5 m for Shanghai land parcels. Pg 4 S'pore, French science park collaboration. Pg6 PUB to spend $147 m on water projects. Pg 6 New Asia
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    • 62 1 I see these not as a protest against me. I am a visitor. So really they (the protestors) ought to be having these banners for Jiang Zemin and Qian Qichen. Perhaps take a bus to Beijing and sit outside Zhongnanhai. Then, I will say that is real courage. 0L ■-F
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    • 110 1 I I I II I I refine fury I Malayan Motors unleashed a few of the slinkiest Jags on Sepang; and boy, did they lap it up Coming soon a Porsche ffvjfo pov/vrfu] than the new 9 J f fumo mi mpvm Im<-I"i i I I H '■111/ i il
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  • NEXT page
    • 392 2  -  Call for growth strategy of reaching out to developed nations while region stabilises From Audrey Tan in lloiiffl, onj) SINC.APORE has to revisit the growth strategy it used after its independence in 1965 leapfrogging the region and reaching out to the developed countries
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    • 780 2 This is one area where transparency is most needed, says GENEVIEVE CUA FROM June next year, the costs and expenses that affect the yields on insurance plans will have to be disclosed, and that's all well and good. But if there's one area where transparency
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    • 417 2  -  It is also setting up its only biotech facility in Asia here By Eugene Low [SINGAPORE] American pharmaceuticals giant Scher-ing-Plough is pumping in US$465 million (*****.9 million) to expand its operations in Singapore, and will also set up its only biotechnology manufacturing
      LIANHE ZAOBAO  -  417 words
    • ON THE grapevine
      • 99 2 HERE'S an alternative to playing the Malaysian equities market. The folks at the Kuala Lumpur Options and Financial Futures Exchange, or Kloffe, want your business, so they will be here next month for a roadshow to tell you about one of their latest products. Those interested in the
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      • 127 2 IT'S not just the SIA girl that makes Singapore Airlines a great way to fly but a whole team of unsung workers. Recently a security officer from the airline's subsidiary SATS Security Services did the airline proud by winning an international award. Police Constable S
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  • SINGAPORE companies
    • 825 3  -  Strong comeback by soft drinks division and healthy earnings from property major factors By Serena Ng FRASER and Neave has once again beat analysts' forecasts with a 248 per cent surge in net profit to $167.27 million for the year ended
      FILE PHOTO  -  825 words
    • 499 3  -  Analysts surprised at decision not to recognise surpluses of $4&5 m By Andrea Tan CENTREPOINT Properties Ltd (CPL) yesterday reported a net profit of $95 million for the year to Sept 30 that was largely in line with market expectations, but its decision not
      FILE PHOTO  -  499 words
    • 280 3  -  Net profit soars to $6.9 m while turnover rises by 75% to $83.7 m By' Teh Hooi Ling SEMICONDUCTOR equipment manufacturer Advanced Systems Automation (ASA) yesterday reported a surge in its interim earnings to $6.9 million from just $347,000 a year ago. Turnover for
      280 words
    • 714 3  -  lock siew| christopher tan RECENT overtures which Jardine Strategic and Sime Darby made to their Singapore-listed vehicles highlight how badly stocks of some fundamentally sound companies are doing. Ignored despite strong earnings growth. Ignored despite credible prospects. Ignored despite relatively low P/E ratios.
      714 words
    • 376 4  -  lm sq ft site will yield 3,000 homes in prime Jingan District By\ Kalpana Rashiwala KEPPEL LAND has snapped up three adjoining residential land parcels in Shanghai for $229.5 million on which it can build about 3.000 homes. The land, totalling about one
      376 words
    • 373 4  -  By David Boey TPA Strategic Holdings yesterday launched its Sesdaq initial public offer at 27 cents per share on a placement-on-ly basis which it hopes will raise net proceeds of $3.9 million. The flotation consists of 13 million placement shares and 4.3
      RICHARD CHNG  -  373 words
    • 257 4  -  Ry Vince Chong HOME-GROWN watch companies The Hour Glass and Sincere Watch have both.reported sharply higher earnings for their latest financial periods. While an asset divestment helped The Hour Glass to more than treble its profit to $8.7 million for the
      257 words
    • 205 4  -  By' Teh Hooi Ling SINGNET has decided to extend toll-free access to its Internet subscribers for another year, starting January 2001. The Toil-Free scheme was introduced in January 1999. Under the scheme, Sing Net absorbs the telephone traffic charges to all
      205 words
    • COMPANYBriefs
      • 58 4 CAPITALAND said it will book a $64 million profit from the sale of its stake in land for Canary Riverside's second and third phases. The profit, equivalent to 2.6 cents per share based on the proforma profit loss for the financial year ended Dec *****9,
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      • 56 4 RESTAURANT operator Thai Village Holdings has reported a 17 per cent drop in net profit to $2.2 million for the year to Sep 30. due mainly to the higher cost of raw sharksfin. Turnover rose 25 per cent to $27 million due to contributions
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      • 81 4 CHEVALIER Singapore Holdings' net profit for the half year to Sep 30 fell slightly to $3.11 million from $3.12 million a year ago. Turnover declined by 31.1 per cent to $20.2 million due mainly to the decrease in both number and value of the lift
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      • 103 4 SNP Corp has signed a deal to buy 205,002 shares worth $6 million in Anthonian Pte Ltd, representing its entire issued capital. Anthonian and its subsidiary, Pacific Book Centre (S) Pte Ltd, will thus become wholly-owned subsidiaries of the company. Anthonian and its
        103 words
      • 77 4 SINGAPORE Technologies Engineering said wholly-owned subsidiary Singapore Technologies Kinetics (ST Kinetics) has bought another 10.7 million shares in Solectria Corp for US$ll million (Ssl9 million) in cash, raising its stake to 44.1 per cent, resulting in Solectria becoming an associated company of ST
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      • 78 4 Reuters STRIKE Engineering plans to raise about $14 million through a transferable loan facility and a rights issue to refinance its loans and for working capital. The company is proposing to issue up to 183 million warrants at $0,022 each, or one warrant for every four
        Reuters  -  78 words
      • 65 4 Reuters HAW Par Corp said its subsidiary had agreed to divest its entire 20 per cent stake in theme park operator Mundo Submarino SA for about $8.45 million. The sale by Underwater World International to Aspro Ocio SA would result in an extraordinary
        Reuters  -  65 words
  • Page 3 Advertisements
    • 47 3 Learn how to cook like Grandma did. Check IllM|| I out out guide to Singapore's best cookbooks, past and present. Plus, g*t aZO pet cent A II discount off cookbooks at Popular j|(# Bookstore outlets M I v |l]Vill| VI 1 I ll] flfi LM I «f,.
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  • 4988 4 Net earn CPS Leonq Hln Sep 20 I 0.444L 1.436L 0.3L 1.0L Date TY LY TY LY Lee Hwi Sep 25 I 1.016 1.867 0.98 2.2B Company enn (Sm) ($m) (cti) lets) Lee Metal Sap 29 I 2.190 3.284 0.80 1.40 LHT Hldgs Sep 19 I
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  • SINGAPORE markets
    • 179 5  -  WARRANT WATCH Ven Sreenivasan THE Keppel Telecommunications Transportation warrant fell five cents, or 6.7 per cent, to 70 cents yesterday on volume of 14,000 units. Meanwhile, its underlying stock closed unchanged at $1.52 on 5,000 shares changing hands. The warrant expires in
      179 words
    • 572 5  -  -I I comment STOCKS ven sreenivasan SINGAPORE stocks held up relatively well yesterday despite more tech sector profit warnings on Wall Street. This time, the market had to reckon with a statement by chip giant Intel that fourth-quar-ter sales would lag
      572 words
    • 250 5  -  HOT STOCK By Serena Ng THE stock of Singapore Telecommunications has floundered in recent trading sessions on worries that it would be adversely affected by possible changes in the Morgan Stanley Capital International Singapore Index. The counter closed yesterday unchanged at $2.67, after trading in
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    • 513 5 Stockf Volume PacificCenturylOc 29,807,000 Chart Semiconductor 26c 14,856,000 PCI 25c 12,498,000 Omni Ind 10c 11,136,000 OUB DB eCW*****3 9,997,000 SingTel 15c 9,257,000 MediaRing 10c 8,888,000 AddvalTech 2.5c 7,377,000 Nat Elec 10c 4,857,000 SGX1c 4,299,000 Stocks Chart Semiconductor 26c 82,767,396 Nat Elec 10c 37,154,250 PacificCenturylOc 34,316,050 Omni Ind 10c 32,681,940 Datacraft
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    • 152 5 CHINA Toll Bridges Roads general manager Loo Pak Hong has resigned, effective Nov 30. The company has appointed Cheung Hing Man Charissa secretary to replace Law Yuen Man, Louisa who has also resigned. ♦HUA Kok International has incorporated a new subsidiary known as Challeng International, a private limited
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    • 336 5  -  1-1 i comment CURRENCIES larry wee WEEKEND trimming of short positions in the US dollar that built up ahead of the release of key US employment numbers later yesterday lent it some support, but players warn that increasingly thin trading conditions make for potentially spiky
      Source: Reuters  -  336 words
  • Page 5 Advertisements
    • 26 5 smart ideas great design ■Hk fl Br j I, Hk fffl Br' Uil^tfi likt H^H fl Life! DESIGN Today and every Saturday in the Straits Times
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  • SINGAPORE news
    • 365 6  -  First such tie-up between Singapore Science Park and its European counterparts Byy Vince Chong THE Singapore Science Park will collaborate with France's biggest science park to explore business initiatives between the two parks and their tenants. The collaboration with the Sophia Antipolis Science Park, outside
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    • 342 6  -  Soon to be set up, body will examine implications of life sciences research By Eugene Low FORMER National University of Singapore vice-chancel-lor Lim Pin will head Singapore's soon-to-be-established Bioethics Advisory Committee, which will examine the legal, ethical and social implications of life sciences
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    • 141 6 Reuters [TAIPEI] Taiwan will decide next week whether to let the crew of doomed Singapore Airlines (SIA) flight SQ 006 leave the island, a prosecutor said yesterday. The crash in Taipei in October killed 83 people, and was the first fatal incident
      Reuters  -  141 words
    • 531 6 A FLOATING airbase, mandatory environmental impact assessment (ELA) reports, saving the National Library building and concerns that Singapore does not have the ability to grow enough food or provide water for itself these were among the topics raised at a public forum last night
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    • 201 6  -  Ang Hwee Suan (Ms) Head, Public Relations for Chief Executive Officer Chief Planner Urban Redevelopment Authority I REFER to Danny Lim's letter "URA Data: Make use of Net to keep public updated" (Mailbag, Dec 5). Mr Lim suggested that the authorities make use of
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    • 300 6  -  MAiLrm Leong Chok Keh Head, Policy Property Section for Chief Estate Administration Property Officer Housing and Development Board I REFER to the letters "HDB should reinstate subsidised interest rates" and "Property: lift 20% cash downpayment rule" (Mailbag, Dec 6). Since 1 Oct 1999, HDB flat
      300 words
    • 425 6  -  It will expand stormwater collection areas, improve water quality David Boey THE Public Utilities Board will spend about $147.2 million next year on water development projects. This will expand the size of Singapore's stormwater collection areas, improve water quality and service the needs
      FILE PHOTO  -  425 words
    • 347 6  -  By Ling Su Ann LOOKING for a lawyer? Now you can source for your legal needs from the comfort of your home or office, with just a click of the mouse. Launched yesterday, JuzLaw.com is Asia's first Internet legal service that helps clients source
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    • 289 6  -  on the economy business receipts By Eugene Low ALL of Singapore's services industries, sans real estate and financial services, enjoyed higher turnover in the third quarter. The overall business receipts index for the services industries rose 11.4 per cent year-on-year between July and September, the
      Source: JP Morgan  -  289 words

  • e-NEWS
    • 445 7 LONDON Fears over 36, but Hutchison, Mobilcom confident of completing loans FT HUTCHISON and Mobilcom. two of Europe's biggest new mobile phone operators, are struggling to finalise £6 billion (Ssls billion) of bank loans needed to build thirdgeneration networks in the UK and
      FT  -  445 words
    • 236 7 BLUE BELL, Pennsylvania Bloomberg UNISYS Corp, a maker of mainframe computers, said it plans to eliminate 2,000 jobs, or 5.6 per cent of its workforce, to cut costs. The company also said it may sell its Federal Systems division. Unisys expects to take
      Bloomberg  -  236 words
    • 361 7 Bloomberg [NEW YORKJ Instead of coffee breaks or chats by the water cooler, US workers are spending time in the office browsing and shopping for holiday gifts on the Internet as online sales increase, two surveys said. The number of consumers
      Bloomberg  -  361 words
    • 286 7 NEW YORK Informed sources say the two firms will meet with BT as potential bnyer AP THE AT&T Corp is in preliminary talks about selling its 10 per cent stake in the Japan Telecom Co to British Telecommunications, executives
      AP  -  286 words
    • 39 7 [REDMOND, Washington] Microsoft chairman Bill Gates making the keynote speech at the SqfeNet2ooo Summit, a conference discussing Internet privacy and safety issues with government, technology, and academia leaders on Thursday in Redmond, Wash. AP
      AP  -  39 words
    • 479 7 LOS ANGELES Reuters GEARING up for a hot debate over copyrights in cyberspace, Napster Inc on Thursday said it hired a top aide to the Congressional committee that held hearings this year on the popular song-swap service. Manus Cooney, the chief
      Reuters; AFP  -  479 words
    • 182 7 NEW YORK Reuters INTERNET service provider America Online Inc and media company Time Warner Inc plan to give stock options to all 85,000 employees shortly after their merger is completed, the Wall Street Journal reported in its electronic edition yesterday. The precise
      Reuters  -  182 words
  • Page 7 Advertisements
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    • 26 7 [iTetl H Lianhe Zaobao I I Hottest I vocations I I in 2000 I I next year. I I I I SttrPM I I "«st*" I
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  • REGIONAL news
    • 735 8  -  Secretary mistakenly believed they need not be declared, he says From Harish Mehta in Bangkok THE front runner to become the next prime minister of Thailand, Thai telecoms billionaire Thaksin Shinawatra, yesterday admitted that he, his wife, and secretary forgot to declare
      AP  -  735 words
    • 1147 8  -  WRITER'S JOURNAL Erap's trial has brought the nation to the precipice of a class war karim raslan LAST week, as I was sitting on the verandah of the Manila Golf and Country Club, looking out over the clipped fairways and watching the gardeners at their work,
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    • 165 8 JAKARTA Reuters INDONESIA'S chief economics minister. Rizal Ramli, said yesterday talks with a team from the IMF in Jakarta were progressing well but there was no indication when the next batch of vital funds would be disbursed. "I don't know the
      Reuters  -  165 words
    • 512 8 MANILA Half-point cat brings overnight borrowing rate to 14%, lending rate to 16.25% Bloomberg THE Philippine central bank cut its key overnight interest rates by half a percentage point to spur lending and economic growth as the peso erased some of its losses.
      Bloomberg  -  512 words
    • 495 8 UKUALA LUMPUR CORPORATE Malaysia has just reported a poor set of earnings results for the third quarter which seems out of sync with the country's relatively buoyant economic growth of 7.7 per cent for .the same period. The Sun reported
      495 words
    • 112 8 AMSTERDAM Reuters KLM Royal Dutch Airlines is not currently in talks on taking a stake in Malaysian Airline System (MAS), the Dutch flag carrier said yesterday. MAS chairman Tajudin Ramli had been quoted in an interview as saying KLM, Swissair and Australia's
      Reuters  -  112 words
    • 309 8  -  Figure for first 10 months of '00 beats analysts' forecasts From. Al Labita in Manila LISTED food and beverage giant San Miguel Corp (SMC) booked a higher-than-expec-ted after-tax profit in first 10 months of this year, beating analysts' forecasts. In a statement
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    • 159 8 KUALA LUMPUR Reuters MALAYSIA'S PhileoAllied Bhd said its shareholders and loan stock holders yesterday approved the sale of its banking and stockbroking arms to Malayan Banking (Maybank). Malaysia has ordered the nation's 54 domestic financial institutions, in the industry's biggest ever shakeup, to merge
      Reuters  -  159 words
    • 355 9  -  Government plot at Sai Wan Ho on Hongkong island attracts at least 10 groups hYom Quak Hiang Whai in Ihmykony AT least 10 Hongkong property groups submitted bids for the government's latest land tender which closed yesterday, in contrast to the lacklustre
      355 words
    • 39 9 [CHENGDU, Chinal University students of 56 nationalities signing their names on a 28-metre banner on Thursday to express their wishes in support of Beijing's bid for the 2008 Olympic Games. AP
      AP  -  39 words
    • 273 9 TAIPEI Reuters THE president of Taiwan's largest commercial bank has been accused of corruption and was freed on NT$2OO,OOO (S$10,500) bail after questioning by authorities, a prosecutor said yesterday. Ho Kuo-hua, 57, president of the state-owned Bank of Taiwan, was taken in on Thursday
      Reuters  -  273 words
    • 229 9 HONGKONG Bloomberg PACIFIC Century CyberWorks Ltd, Asia's No 2 Internet company by market value, yesterday said that it won't pay year-end bonuses to its higher-paid workers at Cable Wireless HKT Ltd, which it acquired in August. "The bonus payment will not be
      Bloomberg  -  229 words
    • 275 9 SHANGHAI Reuter CHINA National Offshore Oil Corp (CNOOC) is planning a listing in Hongkong and New York in February to raise about US$l.l billion, the official Shenzhen Securities Times said yesterday. China's number three oil firm plans to issue 1.8 billion shares, including 1.6
      Reuter  -  275 words
    • 298 9 ■HONGKONG Bloomberg CHINA'S imminent entry into the World Trade Organization (WTO) will prompt more than half of US companies in Hongkong to invest in the mainland for the first time during the next three years, according to a survey. Over 80
      Bloomberg  -  298 words
    • 299 9 NEW DELHI AFP THE Indian Parliament was paralysed for a fifth consecutive day yesterday as opposition MPs demanded the resignation of Prime Minister Atal Behari Vajpayee. The resignation calls came amid a growing row over various statements by Mr Vajpayee
      AFP  -  299 words
    • 665 9  -  From Audrey Tan in Hongkong HONGKONG has to convince China that it is only seeking the right to run itself in a way which will not disturb China's wider political developments, Senior Minister Lee Kuan Yew said
      665 words
    • 240 9 SEOUL Reuters SOUTH Korean prosecutors said yesterday they had sent a summons to the head of the Hongkong-based ißegent Group as part of an investigation into allegations of stock manipulation. "We sent a summons in English to the head of ißegent
      Reuters  -  240 words


  • WORLD news
    • 462 10 NICE Eastward expansion hopes to take in 12 new members Reuters, AFP EUROPEAN Union leaders promised yesterday to be ready to admit new members from the end of 2002 and said they hoped the first would join in time for 2004
      Reuters,; AFP  -  462 words
    • 176 10 WASHINGTON Reuters THE Senate on Thursday passed a bill that gives Federal Reserve Chairman Alan Greenspan an 11 per cent raise and puts the long-held tradition of the central bank chiefs twice-yearly Capitol Hill testimony in writing. The bill will now head
      Reuters  -  176 words
    • 687 10 TALLAHASSEE, Florida Florida state legislature to step in should wrangling go beyond Dec 12 AFP, Reuters A KEY ruling from the Florida Supreme Court could bring the month-long battle for the White House to its final conclusion, while the state legislature sits on the sidelines
      AFP,; Reuters; AFP  -  687 words
    • 201 10 Bloomberg [NEW YORK] Wall Street's bonus pool will rise about 13 per cent this year to a record US$l3.3 billion (5523.1 billion), even though business has slowed down lately, according to New York State Comptroller H Carl McCall. Securities firms are
      Bloomberg  -  201 words
    • 357 10 WASHINGTON Reuters, AP THE number of workers on US payrolls grew moderately in November as the unemployment rate rose off its 30-year low, the government said yesterday, adding to signs that the once-soaring economy is cooling down. Payrolls outside the farm
      Reuters,; AP  -  357 words
    • 353 10 TOKYO Reuters FRANCE'S Carrefour, the world's sec-ond-largest retailer, threw open the doors of its first store in Japan yesterday, launching a price war that poses a fresh threat to Japan's recession-hit retailers. Carrefour, known for its giant "hypermarket" discount stores that boast annual worldwide
      Reuters; AFP  -  353 words
    • 556 11 WASHINGTON They will need to disclose possible conflicts of interest when recommending securities on air Bloomberg THE Securities and Exchange Commission is designing new rules to require television stock analysts and money managers to disclose possible conflicts of interest when they recommend
      Bloomberg; AP  -  556 words
    • 301 11 TOKYO Bloomberg GOLDMAN Sachs Group is teaming up with three other brokerages to introduce afterhours trading of Japanese stocks, one of the partners said. The Tokyo Stock Exchange has postponed its own after-hours trading project. Goldman Sachs's "Moon Trade" system
      Bloomberg  -  301 words
    • 287 11 It's now on coarse for a rally against greenback Reuters [LONDON] Hungarian-born billionaire financier George Soros was quoted yesterday as saying the euro seemed to have turned the corner and was on course for a rally. "It now looks like the euro
      Reuters  -  287 words
    • 304 11 CHICAGO Independent trader Nickolas Neubauer elected chairman Reuters THE leadership of the Chicago Board of Trade remained in flux after a surprising election upset, but more executive changes at the world's oldest futures exchange will be on hold until the new chairman settles in
      Reuters  -  304 words
    • 511 11 SEOUL Central bank foresees declining exports, curtailed spending Bloomberg SOUTH Korea's economic growth will almost halve next year as a decline in exports shrinks the current account surplus and companies and consumers rein in spending, the Bank of Korea said yesterday.
      Bloomberg  -  511 words
    • 428 11 m TOKYO AFP A JAPANESE court yesterday ordered executives including the ex-chairman of collapsed retailer Sogo Co Ltd to pay out six billion yen (5594.4 million) for losses caused by fraud and lax management. The Tokyo District Court ordered former chairman
      AFP  -  428 words
  • Page 10 Advertisements
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  • Page 11 Advertisements
    • 516 11 To advertise call toll-free 1800-741 1883 H W A ivlllj Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF SING CHOW PACKAGING PTE LTD (IN LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies
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  • MOTORING
    • 1057 12  -  What happens when some of the slinkiest cats from Coventry are set free in Sepang? CHYE EXT SOON survives to tell the story CHYE KIT SOON The writer is a lawyer in private practice who contributes occasionally to BT Motoring CUSTOMER loyalty is important and Jaguar
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    • 226 12  -  By Christopher Tan JUST months after unveiling its 911 Turbo, Porsche announced that it will be offering a car that's even more powerful, faster and in all likelihood, more expensive than the flagship sports car. Called the 911 GT2, it will be a rear-wheel-driven product
      226 words
    • BUMPER to BUMPER
      • 125 12 WITH just three weeks before the new Euro II vehicular emission standard kicks in here, motor traders are rushing to register their wares. In this quarter alone, the Land Transport Authority received a whopping 68 applications for type approval of new cars models. As
        125 words
      • 58 12 Cycle Carriage's charitable deeds CYCLE Carriage, in the fourth year of its five-year "Care for the Community" programme, has donated $130,000 to two charities. The Red Cross Home for the Disabled and the Society for the Aged Sick got a cheque for $65,000 each. The listed motor trader is among
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      • 80 12 FORD has redesigned its website to include a new feature. www.Fordvehicles.com now offers a comparison module that allows consumers to compare Ford products with those from other makers. Designed by Autoweb.com Inc, the module is the first by a major automotive group. Visitors can compare
        80 words
      • 61 12  -  Compiled by Christopher Tan GERMAN sports car maker Porsche expects unit sales in its current 2000/2001 business year to exceed 50,000 vehicles, lifting turnover above the previous year's 7.13 billion marks (555.7 billion), Reuters reported. Porsche sold 48,797 cars in the 1999/2000 year to
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    • 431 13  -  Exclusive Euro Sports Auto has won the prestigious Italian franchise with an aggressive pitch, reports CHRISTOPHER TAN CHRISTOPHER TAN LOTUS agent Euro Sports Auto has pipped industry bigwigs to land the prestigious Lamborghini franchise. Euro Sports Auto is a division of Gay Hin Enterprise, a 40-year-old establishment that
      431 words
    • Wheel matters with Christopher Tan
      • 250 13  -  Wilson Ho Singapore I HAVE two questions.'Why have prices of small cars shot up since the merger of Category 1 and 2 COE? Next, why have have prices of several cars remained unchanged from the lows of the economic crisis two years ago? THE first mystery can be
        250 words
      • 105 13  -  Connie Prager Singapore via Internet IS there an Internet database we can search for automobile "silent recalls", like the nonsilent recalls listed on the National Highway Traffic Safety Administration's website? THE Land Transport Authority has no plans yet to make such information available on
        105 words
      • 87 13  -  Andy Goh Siak Joo Singapore I REFER to the article, "Monitoring the misuse of pickups, vans" (BT, Nov 29). I am one of those who bought a Citroen Berlingo because of the low taxation and its low consumption of diesel. No one will want to
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      • 210 13  -  Ron Reeves Phoenix, Arizona I AM interested in buying a Mini when it is available, but I understand the new car won't be selling in the US until the spring of 2002. Is that a fair statement? Also, does BMW have the same programme as Volvo?
        210 words
      • 119 13  -  B T Tan Singapore WILL tuning a fuel-injection engine for lower consumption result in engine "pinging" or knocking? If that is not the cause, what is? I have been using 98octane petrol. PINGING is usually due to low-octane fuel or over-advance ignition. If you tune
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    • 269 13  -  By i Christopher Tan IF you think high-technology in the automotive world is only accessible to the rich and famous, think again. Opel's new Corsa (its base model) will feature a variant equipped with five-speed Easytronic transmission a relatively rare gadget. Unlike "Tiptronic-style"
      269 words

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    • 335 13 wheel matters welcomes feedback, suggestions and other forms of correspondence from readers. It is also an advice column, with technical queries being answered by experts at the automobile association of and policy questions tackled by the land transport autmority. You can fax us on 733-5271 or email us at btletter@sph.com.sg
      335 words

  • FINANCE & commodities
    • 307 14  -  ST Inde*/MSCI STpore Index Lau Chee Keong Refco Singapore SINGAPORE stock market finished marginally higher yesterday in a thinly-traded market as investors adopted a cautious stand ahead of possible changes to the MSCI indices tomorrow. The Straits Times Index closed up 1.43 points, or 0.07
      307 words
    • 234 14  -  MS& Taiwan Index Lau Chee Keong Refco Singapore THE MSCI Taiwan stock market managed to close up after spending most of the morning in the negative territory yesterday. The MSCI Taiwan index gained 1.99 points, or 0.82 per cent, at 244.57. Turnover within
      234 words
    • 159 14 ENERGY REPORT Reuters [LONDON] World oil prices took another tumble yesterday as dealers braced for the expected resumption of UNmonitored Iraqi oil exports. Brent blend futures feU 57 US cents by mid-afternoon in London to U5526.90 a barrel, extending a seven-day slump to
      Reuters  -  159 words
    • 341 14 Reuters London THE US dollar ceded most of its early gains against the euro yesterday before US employment data was due to give further clues on how quickly the US economy was slowing. Concern that the decadelong US expansion was losing momentum has driven the US dollar down
      Reuters  -  341 words
    • Article, Illustration
      1322 14 DtTERBAlfK CROSS RATES A s A$ cs Rrob Euro Ffr Dm HK$ Ind Rs Bupiah Yen Won RM NZ$ Pak Bs Peso S$ Rand Sfr WT$ Baht Pound US$ Australia 0.838 4.540 0.616 4.038 1.204 4.265 25.577 52.306 0.605 6.487 2.079 1.285 31.633 27.383 0.950 4.158 0.930 18 064 23
      1,322 words
    • 1925 14 SICOM FUTURES Dec 8 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACTS cents/kg) Close Volume Open Month High tow Sett (tonnes) Interest Jan 01 108.50 50 Feb 01 110.25 50 Mar 01 112.50 1250 Apr/Jun 01 115.25 RSS 3 CONTRACT (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest
      1,925 words

  • Page 15 Advertisements
    • 45 15 Jp&mgm o I *P mpF§* Our Life! pages are full of it. B V Sometimes irreverent, often I unn Y' never boring. Edited to do. In one of our five' I' handv sections. i VV-^i IF I MyStmitsTlm^s Call 388 3838 for subscription ■iM^i—i——— B
      45 words

  • STOCKS east asia
    • 2840 16 HONGKONG AFP QHangSeng +177,81 HONGKONG share prices rose 1.2 per cent yesterday on selective buying of financial and property stocks amid hopes US interest rates will be cut next year, dealers said. The key Hang Seng Index gained 177.81 points to close
      AFP  -  2,840 words
    • 2020 16 TOKYO AFP QNikkei22s -2185 SHARE prices in Tokyo closed 0.2 per cent lower yesterday ahead of a reshuffle by Morgan Stanley Capital International (MSCI) of its global stock indices for fXind managers, brokers said. The Tokyoj Stock Exchange's Nikkei 225 Index shed 23.85 points
      AFP  -  2,020 words
    • Article, Illustration
      1077 16 Reuters, AFP |3 Shenzhen B Index +0.56 CHINA'S hard currency B-shares closed mixed in lacklustre trade yesterday, mirroring domestic A-shares which traded narrowly following three days of correction. The Shanghai B Index eased 0.08 point, or 0.11 per cent, to 76.94 on lower turnover of U5512.91 million. The Shenzhen
      Reuters,; AFP; Source: Credit Lyonnais Securites (Asia) Ltd  -  1,077 words
    • 364 16 AFP a** Index +40.10 TAIWAN share prices closed 0.8 per cent higher in lacklustre trading yesterday with the key index moving in a narrow range, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 40.10 points to 5,252.83, following a 0.5-per cent rise in the previous session. "The
      AFP  -  364 words
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  • STOCKS klse
    • 443 17 AFP C 3 Composite Index -2.48 MALAYSIAN shares closed 0.3 per cent lower yesterday on extended pre-weekend seUing and before Morgan Stanley Capital International's decision on whether to adopt a free float system for its index weightings, dealers said. The Kuala Lumpur Stock Exchange
      AFP  -  443 words
    • 9087 17 INDUSTRIALS Consumer products 2000 Last Vol Day Nat Cap Hiqn Low Company Sal* 'OOP High Low P/E Smll 420 310 Ajinomoto 330 unch 1 330 330 18.1 133.8 158 45 Angkasa 45.5 1 3 45.5 45.5 67.1 670 290 Apollo Food Hlg 360 7.8 144.0 3825 2700 BAT50C 3700 unch
      9,087 words
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  • SGX clob & regional stocks
    • 3063 18 WW® "■■■HI'I "II limirWMMnriilMMIiill iMiMiwn- n i minw Mill ~-tm Tir-m BONDS A WARRANTS Wt Iwli PrtmJ IiMn 52-W—fc LMt V«l Day U«tO«§t« At* itMti Cmv law Mm mtn I'OOO) U« Bayar Mw Mn IhMiIIMi Prka 1*1 twk|i u«i ®27 2I *5 05 35 3.5 J 4 41.0 1 300
      3,063 words
    • 287 18 AFP f Composite Index <*-1103 SOUTH Korean shares rose 2.1 per cent yesterday with the index closing up 11.03 points at 534.81. Volume was 318 million worth 1.30 trillion won. OtC I WO* An»mS»mi 4515 15 Briin Toch S40 10 Control Bank .........170 unch ChoM Comm ...***** 600 DM
      — AFP  -  287 words
    • 299 18 AFP Composite Index +9.60 PHILIPPINE shares closed 0.7 per cent higher yesterday on bargain-hunting hut most investors were waiting for developments in President Estrada's Senate trial. The Composite Index rose 9.69 points to 1,400.36 as volume fell to 170.23 million worth 633.56 million pesos. AFP Dm I Peso 000)
      AFP  -  299 words
    • 267 18 AFP QNZSE-40 ♦1176 NEW Zealand shares ended 0.9 per cent higher yesterday on buying of selected blue chip stocks. The NZSE-40 Index rose 16.76 points to 1,966.08 on turnover of NZ5107.60 million. "The market was fairly positive from the open," Nigel Scott of ABN Amro said. AFP OKI Nit
      AFP  -  267 words
    • 549 18 AFP fl All Ordinaries -19.50 AUSTRALIAN share prices fell 0.6 per cent yesterday, following weaker overseas markets into negative territory. The All Ordinaries Index eased 19.50 points to 3,232.50, while the S&P/ASX2OO shed 21.40 to 3,287.60. Turnover totalled 512.25 million worth A 51.42 billion with decliners leading risers 810
      AFP  -  549 words
    • Article, Illustration
      737 18 AFP SET Index -*-04)8 THAI stocks rose 0.4 per cent yesterday in thin and rangebound trade ahead of a threeday weekend, dealers said. The Stock Exchange of Thailand (SET) Composite Index rose 0.98 point to close at 273.69 and the SET 50 was up 0.06 point at 18.92. The
      AFP  -  737 words
    • Article, Illustration
      725 18 AFP Q Composite Index -183 INDONESIAN share prices closed 0.9 per cent lower yesterday on a correction in blue chips ahead of MSCI's decision whether to adopt a freefloat system for its index weightings, dealers said. The Composite Index closed down 3.83 points at 431.81. Volume was 244.10 million
      AFP  -  725 words
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  • 10017 19 SGXMAIHBOARD transaction date: Dec 8 Cr Cr M Wt L4,t Vo1 D «V Last Ouote Dlv Dl» Vld Net Cap Avg High Low Company Sal* COOP) Hiqn Low Buytr S.ll.r C'vr P/C Smll Price MULTI-INDUSTRY *50.5 S m I g« r 0 5 3 79 78 2 H
    10,017 words
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  • Page 20 Advertisements
    • 179 20 Where to wine, dine and ("B&& 2Si^^!E5S ]mmm i 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 chargsof $12+++ on Fri, Sat
      179 words
    • 87 20 r< mh> i Mi,- i hi)( (>ni tin I >111 hi i ill lIV /'< \l I \ll I INI 111 MM'.', II VIII J i mil m nit nl St It l I .1 111 11 I lilt II Hl.il 11 I I '111 I I 111 I .11.i
      87 words
  • Page 20 Miscellaneous
    • 885 20 f y Central bella. Tony feels de- Ini (Variety). Femme Fatale (R). mii>9'pressed after Pussy's 4.00 Hanya Dikau. LOO Headlines —-sg=r- 8.00 AM Kids Central: The disappearance. Mean- 5.00 Ferdy. 1.02 Star's Time Out (R). M wiggles. while, Qncle Junior 5.30 Aksi Mat Yoyo. 1.30 Corporate Watch. ,> Casper: Boopar-
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    • 255 20 CRYPTIC CROSSWORD ACROSS ty game (8,5) 1 Movingly, pities sad waste (9) 7 Turning out to be crushed in test 8 Beeton such a famous name? arena (7,6) (9,4) 9 Test of opinion taken by sucker? 11 Giant Italian wearing brown (5) (5,4) 12 Stray dog? (5) 10 Monks should
      255 words

  • TheArts
    • Article, Illustration
      3711 21  -  Scoff at local works? Singapore-based women writers are making their mark through a myriad of ways including breaking into the Australian market. With the winner of the Dymocks Singapore Literature Prize former Singapore Literature Prize to be unveiled on Thursday, pabvathi nayar catches up with three talented female
      PHOTOS BY CHRIS LOH  -  3,711 words
    • 1103 23  -  US-BOOM finds out why corporate patrons support the arts CHEAH UI-HOON IN the world of arts sponsorship, venture capital companies are slowly joining the ranks of traditional patrons like banks and other financial institutions, as they recognise how the arts can benefit corporate life. JAFCO Investment (Asia Pacific)
      CHRIS LOH  -  1,103 words
    • 347 23  -  Sita, based on a true story, uses elements of dance, mnsic and story-telling By. Aaron Lye WITH all the big-name local theatre groups making headlines these past few weeks with controversial or ambitious projects, it certainly can be expected that some of the
      347 words
    • 606 24  -  A project invites women to transform a box to express themselves Bu> John Gee WHEN people talk about developing original ideas, they refer to it as thinking "outside the box". An art project has just been launched in Singapore which is also intended to stimulate ideas,
      606 words
    • 786 24  -  AARON LYE reviews three recent productions ranging from potential award winners to the could-have-beens AARON LYE IN many traditions, religious or otherwise, numbers hold meanings of special importance. For example, in Christian tradition, the number "3" represents completeness and perfection. Though the same may not
      786 words
    • 739 24  -  Compiled by Aaron Lye MUSIC River Drums 2000 A celebration ofpercussion music from East to West specially choreographed and blended into one united rhythm, featuring cultural and contemporary percussion music. ♦Dec 9-10 and Dec 15-17, 7:3opm and 9pm, Clarke Quay River Jetty, Voodoo Shack, Riverhouse Courtyard and Read
      739 words
    • Article, Illustration
      158 24 The buzz: A contrastive passage through India through the eyes of three artists The plot and players: Artists Bharti. Parvathi and Dakshina take art lovers from the deserts of Kutch, to sensuously sculpted figures in saris and intricate black-and-white compositions of women. Light and dark, joy and sorrow are
      158 words
  • Page 21 Advertisements
    • 106 21 NfiwAsiaMWoman IN PARTNERSHIP WITH MEWASIAWOMAN.COM Right Left Back Straightforward HSBC was established over 130 years ago. And from the start our we have accumulated over 23 million customers in 81 countries and territories, direction has been absolutely clear. We believe the way forward is to offer a Wherever they are
      106 words