The Business Times, 13 January 2001

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Total Pages: 25
1 26 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 028/12/2000 Internet: h'tp://h'jsjness-times.asial .com.sg/ SINGAPORE SATURDAY, JANUARY 13, 2001 85C
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  • 74 1 □sn MUiB (+4.80) BT-SBI 90L49 (-0.86) ST INDEX FUTURES M2Bwoo (+19.00) SDISCIFUTDBES 2SOJO (+3.40) STOCK HABKET INDICES Friday Change KLSE COMP 678JQ +113 NIKKEI 225 *****.74 +146.6? HANG SENG +204.66 SET INDEX ***** +16.19 JAKARTA COMP 407.3? -3.01 MANILA COMP —1641.66 +26.76 TAIPEI WPI *****0 -2814 SEOUL COMP
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  • 74 1 FOREX BATES us$ s$ US$ (SS per USS) L7J4 £(US$/S$per£) 1500 2.601 EURO(US$/S$/E) 0.955 1.666 DM 1049 1.181 YEN 1181 68.10 RM 1800 1191 HKS 7.800 4497 BAHT 4141 25.03 RUPIAH 9,602 5£96 PRIME RATES SINGAPORE* 5.80 KlfALA LUMPUR 7.67 JAKARTA .89.00 BANGKOK 9.50 MANILA 11.00 HONGKONG 8.50 TAIPEI
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  • 831 1  -  BTiaijJIIUWJ Analysts say dividend policy will loom large as capital gains wane By, Andrea Tan [SINGAPORE] Local listed companies, well-known for paying poor dividends, may soon have to give in to the demands of institutional investors seeking more stable returns, analysts say. As
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  • 946 1  -  From Quak Hiang Whai in Hongkong ANSON Chan, Hongkong's popular top civil servant, announced her resignation yesterday as chief secretary, citing personal reasons and dismissing suggestions that there was a rift between her and Chief Executive Tung Chee-hwa. The second most senior
    REUTERS  -  946 words
  • 345 1 WILL the Singapore stock market see a pre-Valentine's Day rally? Going by the experience of the past 10 years, the month leading up to Feb 14 has been a good time to buy Singapore equities. But for those who prefer to sit out
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  • 783 1  -  Indonesian tycoon pleads gnilty to one charge of breaking US law From I Shoeb Kagda in Jakarta INDONESIAN tycoon James Riady has agreed to pay a fine of US$B.6 million (5514.9 million) the largest ever in a US presidential campaign finance case
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  • Page 1 Advertisements
    • 90 1 INSIDE The Arts From pot- g |jp| tery to 55Wdance and pho- Ell tography, there's a IflP^JlL s,ew out there to entice the budding artist in you. Back Page Top Stories Newly corporatised Jurong Port boosts container handling. Next Page Police detect underground bunker below Tommy Suharto's house. Next Page
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    • 68 1 LABOUR SECRETARY I NOMINEE Taiwanese-born tiaine Chao nominated by George Bush to be labour secretary s U Page 15 I m? j :*u New Indon ambassador, Dr Johan Syahperi Saleh, on Gus Dur's visit and the gas deal Next Page i> y IHHR 88 Avalanche of luxury rides Manufacturers are
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  • NEXT page
    • ON THE grapevine
      • 140 2 WITH venture capitalists seeing dozens, even hundreds, of proposals cross their desks every day, there are bound to be some really far-out ideas among them. Here's a couple that US venture capitalists didn't think would pan out. "The guys were going to do shrimp farms next to
        140 words
      • 67 2 J KOH Co has become one of the few law firms to have a five-day week. But it has reassured its clients "that our lawyers will remain contactable at all times should you require legal assistance on an urgent basis". Wonder what the charges will be when
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    • 345 2 Police intend to force their way in if they cannot find entrance AFP [JAKARTA] Indonesian police have detected an underground bunker below the central Jakarta home of former President Suharto's fugitive son, Hutomo 'Tommy' Mandala Putra, a police official said yesterday. "We picked up
      AFP  -  345 words
    • 449 2  -  By( Conrad Raj [SINGAPORE] The Singapore government is not worried about the soundness of the financial system here even as the German authorities continue their investigations into one one of Germany's leading banks, Bayerische Landesbank, over losses suffered here some three years ago.
      449 words
    • 639 2  -  Being much smaller, Jurong Port most find its own niches, says minister By\ Donald Urquhart [SINGAPORE] The newly corporatised Jurong Port Pte Ltd (JPPL) should aim to do better than PSA Corporation in some areas, said the Minister
      639 words
    • 621 2  -  BTiamiui^ Pragmatism should govern bilateral ties, he says By' Yang Razali Kassim [SINGAPORE] The Indone-sia-Singapore gas deal is big an investment outlay of $120 million by Singapore's Sembcorp Gas, to be precise. Indonesia's new ambassador to Singapore, Dr Johan Syahperi Saleh,
      RICHARD CHNG  -  621 words

  • SINGAPORE companies
    • 329 3 GOLDMAN Sachs has retained its position as the top book-runner in straight equity deals for the Asia-Pa-cific, according to Thomson Financial in its annual survey. Starting with deals such as the privatisation of PetroChina in the first quarter of 2000 to the most recently
      329 words
    • 192 3  -  By' Teh Hooi Ling GP BATTERIES said yesterday it has reached a preliminary understanding with Bolder Technologies Corporation to form a strategic relationship. Under the pact, GP will provide Bolder with processing and assembly services to make Thin Metal Film (TMF) cells
      192 words
    • 616 3  -  Analysts say the offer prices undervalue the operations of the target companies By Ling Su Ann AINAL.IOIO say mat me oner prices for the takeovers of shipping company Osprey Maritime and defence firm Avimo Group are both too low as they undervalue the
      616 words
    • 401 3  -  2 top execs from offeror said to be dne here to address Avimo shareholders By] David Boey FRENCH defence electronics giant Thales (formerly Thomson-CSF) is cranking up its investor-relations machinery in its bid for Avimo Group. The move comes as some
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    • 312 3  -  The 300 apartments are priced from $114,000 By' Ven Sreenivasan PROVISION Suppliers Corp's (PSC) Johor-based associate, Pulai Springs Resort Pte Ltd, has just launched its freehold resort apartments with an eye to attracting Singaporean buyers. The company is holding a preview and exhibition of
      312 words
    • 264 3 Bloomberg [TAIPEI] Far Eastern International Bank is in talks to sell a stake to Singapore's DBS Group Holdings Ltd, an official at the Taiwanese lender said yesterday. Taiwan's China Times earlier reported that DBS, South-east Asia's largest bank by assets, will take
      Bloomberg  -  264 words
    • 758 3  -  HQCKI [»IH ;t-i [4'i'i siow li sen HEWS that the DBS Group may be bidding for Taiwan's Far Eastern International Bank has once again brought the regional strategies of Singapore banks back into focus. Besides DBS, other Singapore
      758 words
  • Page 3 Advertisements
    • 32 3 B Yialt ftmrt'i rtafliittlyi fti|fihnr« AnmnintM I fiTeai I Lianhe Zaobao I I Mobile's market I I capitalisation I I ESteE!® I I SHKI trillion I I I liß^l I mm I
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  • SINGAPORE markets
    • 567 4  -  STOCKS r. sivanithy Anyone hoping for some variety in the market yesterday was in for a disappointment. The focus was on the same names that have been in play for weeks mainly the banks and tech stocks like Datacraft, Chartered and Venture
      567 words
    • 183 4  -  WARRANT WATCH By R Sivanithy THERE'S a whole clutch of long-dated warrants that cost less than 10 cents but are not traded. The minimum broking charge of $30 and the loss of contra trading are two major reasons. And
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    • 235 4  -  HOT STOCK By 1 Ven Sreenivasan THE stock of chip maker Chartered Semiconductor Manufacturing looks like it might be pulling out of its long slide. The share closed with a 34-cent gain at $5.30 yesterday, thanks largely to an overnight 4.6 per cent
      235 words
    • 137 4 NH Ceramics directors Tan Kok Quan and Alvin Chee rm cuftig Haygywigned with effect from Jan 10. The company is currently in the process of appointing new directors and will announce such appointments shortly. ♦SINGAPORE Finance will hold its EGM on Jan 31 at 10.30 am, 9 Raffles
      137 words
    • 354 4  -  CURRENCIES larry wee THE Japanese yen was sold off with a vengeance yesterday, after the US dollar finally broke north of an important congestion zone between 116.80 and 117.40 yen, and is now in serious danger of sliding even lower.
      Source: Reuters  -  354 words
    • 517 4 Stocks Volume PCI 25c 21.679.0CX) PacificCenturylOc 11,225,000 CapitaLand 11,175,000 Omni Ind 10c 7,588,000 Chart Semiconductor 26c 7,169,000 LjXin 10c 5,809,000 DairyF 900 US5.56C 5,645,700 ChewEuHock 20c 5,052,000 OUB DB eCW*****3 4,990,000 STEngg 10c 4,745,000 Stocks SIA 54,264,843 DBS Grp 50,764,367 Datacraft 10c 37,420,848 Chart Semiconductor 26c 37,172,390 CapitaLand 30,909,583 PCI
      517 words
    • 378 5  -  Closed-end fond has liquidated entire investment portfolio, will pay $1.17 per share By 1 Teh Hooi Ling CLOSED-END fund General Securities Investments (GSI) yesterday said it will be paying its first interim cash distribution of $1.17 per share as it has liquidated its
      378 words
    • 212 5 HOMEGROWN entrepreneur Sim Wong Hoo of Creative Technology has been named runner-up in Fortune magazine's 2000 Asian Businessman of the Year rankings. The magazine named NTT DoCoMo chief executive Keiji Tachikawa Asian Businessman of the Year. Mr
      FILE PHOTO  -  212 words
    • 530 5 Company sees 15% sales from such products by 2002 Bloomberg [LAS VEGAS] Creative Technology Ltd, maker of the Nomad Jukebox digital audio player, says it expects 15 per cent of sales to come from digital entertainment devices by 2002, as it cuts
      Bloomberg  -  530 words
    • 456 5 Switch from BT-SRI aimed at reviving interest INVESTORS in the Singapore Regional Index (SRI) Fund have given the nod to a change in its benchmark from the BT-SRI Index from which it had derived its name to the Straits Times Index. With this,
      456 words
  • Page 4 Advertisements
    • 91 4 f 1 HYFLUX LTD (Incorporated in the Republic of Singapore on 31 March 2000) INITIAL PUBLIC OFFERING OF 39,470,000 INVITATION SHARES COMPRISING 6,000,000 OFFER SHARES AND 33,470,000 PLACEMENT SHARES AT $0.32 FOR EACH SHARE Application for the Shares may be made on printed Application Forms referred to in the Prospectus
      91 words

  • 4513 5 Net earn EPS LNtMH Sap 29 I 2.190 3284 0.80 140 Data TY LY TY LY LHT HMqs Sap 19 I 0.777 1.186 0.39 0.7V Cempany am ($m) (Smi lets) (cH) l-Jacoberg Sap 12 1 14.582 ***** 160 7.40 LiangHuat Sap27 l 1294 2263 026 0.47
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  • SINGAPORE news
    • 610 6  -  Credit Guarantee Programme unveiled at awards for 500 most promising SMEs By) David Boey SMALL companies and startups without collateral or a track record can from next month lean on a new $200 million Credit Guarantee Programme to help fund their
      RICHARD CHNG  -  610 words
    • 348 6  -  By Vince Chong THE east coast will see two soft property launches this weekend ACT Nobel Homes's Eastside Loft and Keppel Land's Butterworth 8, both of which are along Tanjong Katong Road and across from each other. Eastside Loft's four-storey
      348 words
    • 449 6  -  By Teh Hooi Ling WINSTAR Communications, the world's largest operator of fixed wireless telecom services, may give Singapore a miss if it doesn't get enough spectrum to make its business case viable. Its president and chief operating officer of international business, Kathleen Flaherty,
      449 words
    • 247 6  -  Commissioner of Lands Ng Ooi Hooi appointed deputy chief By\ Marissa Chew THE deputy secretary for administration at the Ministry of Defence (Mindef), Tan Kee Yong, has been appointed chief executive of the Singapore Land Authority (SLA). The new statutory board,
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    • 291 6  -  MAILfiTSn Alamelu Subramaniam (Ms) I REFER to the letter "A mockery to make SBF membership compulsory" by Mr Lee Wai Leong (Mailbag, Jan 11). The proposed establishment of the Singapore Business Federation (SBF) is an initiative of the business community, spearheaded by the business chambers
      291 words
    • 222 6  -  Lee Boon Woei I refer to your article "DB has right to pay cash for OUB covered call" by R Sivanithy (BT, Jan 1). I do not totally agree with his articles on the topic. Yes, all issuers of covered call warrants have the
      222 words
    • 216 6  -  K H Wong I REFER to your article "Will i-One.Net fare better in China?" by Angela Tan (BT, Jan 10). I am pessimistic for the following reason: its business model. If the kiosk business model is flawed, it would not succeed. Whether it is
      216 words
    • 336 6  -  Alfred R Berkeley III Vice-Chairman, The Nasdaq Stock Market, Inc Co-Chair, Internet Learning Network Washington, via Internet I REFER to your article "Singapore students are tops" by Kelvin Ng (BT, Dec 6), in particular regarding American student's performance on the International Math
      336 words
    • 339 6  -  Lee Wai Leong I REFER to your article, "Let legal eagles handle property deals" by Chan Chen Yee (BT, Jan 11). I agree that it's cheaper to hire a lawyer to do conveyancing than to do litigation. While there is no
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    • 632 7  -  PARLIAMENT At least half of net investment income to be safeguarded Reports by Chuang Peck Ming PROTECTION of past government reserves will be tightened, with at least half the net investment income (Nil) flowing from the reserves to be locked up by
      632 words
    • 296 7 BOSSES should not shirk their duty in training workers, just because the government has started a lifelong endowment fund, Manpower Minister Lee Boon Yang said yesterday. Allaying the concern of some MPs from the labour movement, who fear this could happen, he said:
      FILE PHOTO  -  296 words
    • 324 7  -  By] Marissa Chew THE volume of job advertisements inched up a mere 2 per cent in December compared to a year ago, reflecting the higher base in 1999. The volume of job ads in the newspapers has been growing since the economy turned
      Source: SPH  -  324 words
    • 380 7 Market will think twice before attacking SingS SPECULATORS think twice before they attack the Singapore currency, thanks to the country's huge reserves, Senior Minister Lee Kuan Yew said yesterday. Arguing strongly for the need to protect the reserves, he said: "We've over
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    • UNBrief
      • 49 7 THE government may inject more competition into the petrol retail business by introducing a competition law and "white pumpers", which are petrol pumping facilities annexed to supermarkets and commercial buildings. Trade and Industry Minister George Yeo said the government is currently studying these possibilities.
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      • 42 7 GOME next month, electricity tariffs for large non-domestic consumers will be cut by 0.15 cts/kwh on average. Trade and Industry Minister George Yeo said. But tariffs for household and small non-domestic consumers will rise 1M cts/kwh.
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      • 90 7 THE Ministry of Trade and Industry will set up a new statutory board, the Energy Market Authority of Singapore, that will take over the regulation of the electricity and gas industries which come under PUB, Trade and Industry Minister George Yeo said. PUB. he
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      • 62 7 THREE bills were introduced that will lead to the setting up of three new public corporations: the Intellectual Property Office of Singapore (IPOS), the Health Promotion Board and the Health Sciences Authority. The IPOS will administer various systems for the protection of intellectual property here, including
        62 words
    • 340 7  -  Package designed to meet needs of 273,000 elderly By] Liew Hanging THE Ministry of Community Development and Sports (MCDS) has approved a $93 million budget for the FY2OOI-2005 Eldercare Masterplan, designed to meet the needs of an expected 273,000 elderly Singaporeans. Of the
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    • 384 7  -  By\ Marissa Chew YET another construction hub has hit town. But icFox Singapore says its global reach and one-stop solutions will help differentiate it from the slew of construction portals and hubs out there. IcFox Singapore is owned by property developer CapitaLand's subsidiary pFission which
      CHRIS LOH  -  384 words


  • e-NEWS
    • 559 8 NEW YORK Device to be unveiled next year has the tech world buzzing with excitement Reuters A PLANNED book about a mysterious invention said to be more important than the World Wide Web and capable of generating fantastic riches
      Reuters  -  559 words
    • 245 8 TOKYO Reuters JAPANESE electronics manufacturer NEC Corp will streamline its personal computer business in North America and focus on specialised hand-held computers to combat declining US sales. The NEC stock jumped 5.59 per cent to close at 2,265 yen yesterday, helped by
      Reuters  -  245 words
    • 495 8 89% fall from peak a year ago wipes ont USsllBb in value Bloomberg [NEW YORK] Yahoo! Inc, once the darling of the Internet world, is now the leastloved stock in the Nasdaq 100 Index. Shares of the No 1 Internet
      Bloomberg; AP  -  495 words
    • 270 8 SAN FRANCISCO AFX-Asia MICROSOFT Corp is expected on Thursday next week to report second quarter earnings of 47 US cents a share, unchanged from a year earlier, according to consensus estimates of 23 analysts surveyed by First Call. With the company having
      AFX-Asia  -  270 words
    • 552 8 SAN FRANCISCO Market already focusing more on potential recovery, say analysts Reuters TECHNOLOGY heavyweights Hew-lett-Packard Co and Gateway Inc announced earnings troubles on Thursday and said the next few months would be tough. But the new blows for the sector failed to stampede
      Reuters  -  552 words
    • 391 8 TOKYO Reuters NTT DoCoMo Inc, Japan's top wireless carrier, will go ahead with plans to raise 800 billion yen (5511.9 billion) by issuing up to 460,000 new shares, despite cooling investor interest in telecoms stocks. The widely expected issue from the biggest
      Reuters  -  391 words
    • EBriefs
      • 81 8 Reuters [MOUNTAIN VIEW, California] Software maker Ariba Inc on Thursday reported first-quarter results that beat Wall Street expectations as it became the first pure-play Internet business-to-business player to post a profit— before non-cash charges. For the quarter ended Dec 31, the company had
        Reuters  -  81 words
      • 76 8 Reuters [NEW YORK] Online ad company Doubleclick Inc said on Thursday it broke even in the fourth quarter, a better result than analysts had expected, but warned that a poor advertising climate would hit revenues and earnings in 2001. Its media revenues—from selling advertising on
        Reuters  -  76 words
      • 107 8 AFP [LOS ANGELES] For Web surfers who can't get enough of Pamela Anderson, a Californian firm is offering software that keeps the former Baywatch star buzzing on handheld computers. Emptor Entertainment calls its PortaPam software "the official virtual version of the world-famous actress that lives,
        AFP  -  107 words
  • Page 8 Advertisements

  • REGIONAL news
    • 531 9 KUALA LUMPUR Markets rattled by uncertainty; source says changes expected before Chinese New Tear Reuters AP MALAYSIAN Prime Minister Mahathir Mohamad kept the country guessing yesterday over a planned reshuffle of his Cabinet. The markets had speculated that Dr Mahathir, Asia's longest serving
      Reuters; AP  -  531 words
    • 236 9 JAKARTA Reuters JAKARTA stocks fell yesterday in the second-thinnest trading day for the year as nervous investors stayed on the sidelines ahead of rumoured unrest in the capital on Monday. The Jakarta composite index closed 3.02 points down, or 0.73 per cent, to end at
      Reuters; AP  -  236 words
    • 422 9 KUALA LUMPUR MALAYSIA is setting up a RMSOO million (Ss22B miUion) national financial guarantee insurance company to enhance bond ratings and to promote the growth of private debt securities and the bond market, The Sun reported yesterday. With the setting up of
      422 words
    • 294 9 MANILA Bloomberg FORMER Philippine finance secretary Edgardo Espiritu said yesterday President Joseph Estrada offered to drop a fraud probe into his son in exchange for halting damaging testimony in the president's impeachment trial. Mr Espiritu said the president's executive secretary, Edgardo Angara, called him at about
      Bloomberg; AP  -  294 words
    • 557 9 JAKARTA Creditors oppose motion to wind np finance firm Bloomberg THE International Finance Corp (IFC), an arm of the World Bank with about US$9OO million (551.56 billion) invested in Indonesia, will take centre stage in Jakarta's bankruptcy court on Monday
      Bloomberg  -  557 words
    • 497 10  -  Foreign funds join local investors in piling into the market From Harish Mehta in Bangkok FOREIGN funds thrilled the Thai market as they joined local investors to send stocks rocketing 5.48 per cent yesterday, breaking the psychological 300-point barrier for the first time
      AP  -  497 words
    • 283 10 SINGAPORE Reuters THAILAND has limited room to pump-prime its economy given its already high levels of public sector debt, Vincent Truglia, managing director of sovereign ratings at Moody's Investors Service, said yesterday. "We have a Baal (local currency) rating on Thailand and we already
      Reuters  -  283 words
    • 1146 10  -  WRITER'S JOURNAL Zilberalisatlon-equals-llberalism approach requires domestic fine-tuning karim raslan RECENT events in the region, from the election of the morallycompromised Thai billionaire Thaksin Shinawatra after a cynical, cashinfused and irresponsibly populist campaign, to the restiveness in Indonesia's provinces and the continuing impasse in the Philippines,
      1,146 words
    • 271 10 SHANGHAI AFX-Asia CHINA'S rapid growth in money supply is creating a stockmarket bubble that could ultimately cause great suffering, Wu Jinlian, vice-director of the Economic Committee of the Chinese People's Political Consultative Conference (CPPCC), said, according to the China Securities newspaper. According to the
      AFX-Asia; AFP FILE PHOTO  -  271 words
    • 396 10 SHANGHAI Shanghai bourse says insider trading, fraudulent accounting often took place AFX-Asia THE Shanghai Stock Exchange has issued a research report indicating that many corporate restructures in the past few years have involved insider trading and fraudulent accounting, the Shanghai Daily reported yesterday. The research
      AFX-Asia  -  396 words
  • Page 9 Advertisements
    • 1107 9 i-one.netn e international ltd Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of i-One.Net International Ltd will be held at No. I Kallang Way 2A CommunicationsTechno Centre, Singapore *****5 on Wednesday, 31 January 2001 at 10.00 am for the following purposes: As Ordinary
      1,107 words


  • Page 11 Advertisements
    • 109 11 v. > > &<£<%• V/;, f* 1 H* < 'H 'ilisra IMMjjSjfvfr. ,jr v y<-:. -v v ~,>r y,„ < r om^ .Wim igi juk jm Dawn ot a !■>-• ff, I €i |9S H m^m Ml 8888 IB 9H n §B H 9 S B H V |B n
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  • Page 12/13 Advertisements
    • 295 12/13 jurong port is now JURONG PORT PTE LTD, ®®®ißHHjj^ A WHOLLY-OWNED SUBSIDIARY OF JTC CORPORATION. 1,, OFFICIALLY LAUNCHED AS A CORPORATISED ENTITY BY jSj^JP^j^J BRIGADIER-GENERAL (NS) GEORGE YEO. MINISTER FOR TRADE INDUSTRY s:,, '"^'?v f j, g* iif-'iwL Port is vantage position to offer a comprehensive range multi-purpose port |j££-jß^Mj^E^HflP^
      295 words

  • WORLD news
    • 409 14 WASHINGTON Bloomberg Reuters AP AFX US retail sales unexpectedly rose in December, led by increased business at auto dealers and clothing and grocery stores, government figures showed yesterday. Sales rose 0.1 per cent to U*****.3 billion last month following a revised
      Bloomberg; Reuters; AP; AFX  -  409 words
    • 620 14 WASHINGTON Sakakibara predicts fall in Nikkei and yen, to as low as 12,000 and 130 yen AFP Reuters JAPAN faces a "gloomy" economic outlook, with a stock market capable of going into a free fall, the country's former deputy prime minister, Gisuke Sakakibara, said on
      AFP; Reuters  -  620 words
    • 590 14  -  Bnild on trade liberalisation and economic integration first, Kohler advises Fromi Anthony Rowley in Tokyo ON the eve of this weekend's Asia-Eu-rope finance ministers meeting in Kobe, Japan, where moves to deepen Asian monetary cooperation are expected to be high
      AFP  -  590 words
    • 480 14 WASHINGTON Reuters AN advisory group of top US and international financial executives has recommended more frequent and comprehensive public disclosure of financial information by major banks and securities firms. The 12-member group, representing much of the cream of the
      Reuters  -  480 words
    • 259 14 WASHINGTON Bloomberg Reuters THE US economy will avoid recession in 2001 and "prudent" policies will help it grow 3.2 per cent this year, according to President Bill Clinton's economic advisers. "We're optimistic about the economy," said Martin Baily, the chairman of the Council
      Bloomberg; Reuters  -  259 words
    • 429 14 NEW YORK Bloomberg AMERICA Online Inc has secured the greenlight for its US$l24 billion (Ss2ls billion) purchase of Time Warner Inc after making concessions to federal regulators. But investors are already concerned about the outlook for profits. The Federal Communications Commission on Thursday
      Bloomberg; AP  -  429 words
    • 367 15 PAT and PERKS Bloomberg WASHINGtON] Qualcomm Inc, whose shares dropped 53 per cent last year, gave chief executive and chairman Irwin Mark Jacobs options worth as much as U5553.2 million last year, a regulatory filing said. Mr Jacobs, 67, got US$2.4 million
      Bloomberg  -  367 words
    • 253 15 Bloomberg [WASHINGTON] Malcolm G Chace, a director at investor Warren Buffett's Berkshire Hathaway Inc, has sold 400 shares in the holding company, according to regulatory filings. While that number of shares is paltry compared with the thousands of shares involved in insider transactions every day
      Bloomberg  -  253 words
    • 326 15 Bloomberg [CHICAGO] Quaker Oats Co chief executive Robert Morrison will get a payment of about US$l9.3 million (5533.4 million) if he stays at least 18 months after PepsiCo Inc finishes its planned purchase of the maker of Gatorade sports drinks. This is
      Bloomberg  -  326 words
    • 939 15 BUSH'S MEW AIDES Nominee Elaine Chao has been described as epitomising the values and dreams of hard-working Americans NYT [WASHINGTON] EVER since she was 8, and a freighter bearing her family into New York harbour offered a first glimpse of the Statue of
      NYT  -  939 words
    • 555 15 A Baker protege, he also served Reagan and Bush Sr; various issues outstanding for new man in post, which stays at Cabinet rank LATWP IN naming Robert B Zoellick to be his chief trade adviser, Pres-ident-elect George W Bush on Thursday hired
      LATWP; AP  -  555 words
  • Page 14 Advertisements
    • 78 14 SING INVESTMENTS FINANCE LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT Pursuant to Article 5(1 )(a) of the Articles of Association of the Company, it is hereby announced that the Status Declarations received by the Company as at the end of December 2000, revealed that the foreign beneficial ownership of
      78 words


  • FINANCE & commodities
    • 288 16  -  SGX Derivatives Tfradlngflejoort OT Index/MSCI S'pore Index Lau Chee Keong THE Singapore stock market finished higher yesterday after the Nasdaq rallied for the third consecutive day overnight. The technology sector led the Singapore market higher as local institutions returned to bargain-hunt in some technology shares after
      288 words
    • 228 16  -  MSCX Taiwan Index Lau Chee Keong TAIWAN stocks closed marginally lower for the second day in a row yesterday despite a rally on Nasdaq as investors continued to trim their holdings ahead of the long Chinese New Year holiday. At the close, the MSCI Taiwan
      228 words
    • 172 16 ENERGY REPORT Reuters [LONDON] World oil prices edged nervously higher yesterday ahead of the Organisation of the Petroleum Exporting Countries (Opec) meeting next week that is expected to cut supply to thirsty Western consumers. But the impact of plans by the cartel to slice about
      Reuters  -  172 words
    • 317 16 Reuters London THE yen hit its lowest levels against the US dollar and the euro in more than a year yesterday amid worries about Japan's vulnerable economy. The Japanese currency briefly made good the losses but soon came under pressure again. The fall in the Nikkei stock price
      Reuters  -  317 words
    • Article, Illustration
      1265 16 INTERBANK CROSS RATES AS C$ Rwb Euro Ffr Dm HIC$ Ind »s lh»ia*i Yen Won RM 112$ Pah Bs Peso S$ Bud Sfr NT$ Baht Powid US$ Australia 0.840 4.663 0.589 3.862 1151 4.383 26.176 53.961 0.664 7.199 2.135 1.243 33.062 29.002 0.975 4.418 0.906 18.*****.397 0.375 0.562 Canada 1.191
      1,265 words
    • 1947 16 SICOM FUTURES Jan 12 RUBBER (Mores closing as at 5.30pm) RSS1 CONTRACTUS cents/kg) Close VotaM Open Month High Low Sett (tonnes) Interest Feb 01 105.75 Mar 01 107.00 1950 Apr 01 109.25 108.75 109.50 200 300 May 01 1H75 m.25 112.00 200 300 RSS 3 CONTRACT (US certs/kg) Volume Open
      1,947 words

  • STOCKS east asia
    • 2860 17 HONGKONG AFP +204.65 HONGKONG share prices rose 1.4 per cent yesterday on a technical rebound underpinned by overnight gains on Wall Street, dealers said. The key Hang Seng Index gained 204.65 points to close at 15,295.42, on turnover of HK57.77 billion. Investors
      AFP  -  2,860 words
    • Article, Illustration
      759 17 Reuters n Shenzhen B Index -OjO CHINA'S B shares closed a touch weaker in thin trade yesterday as some investors liquidated positions ahead of the Chinese New Year holiday, brokers said. The Shanghai hard currency B share index ended down 0.27 per cent at 88.33. Turnover fell to a
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  759 words
    • 374 17 QWP Index -29.84 TAIWAN share prices closed 0.6 per cent lower yesterday as investors took profits ahead of the Lunar New Year holidays later in the month, dealers said. The Taiwan Stock Exchange Weighted Price Index shed 29.84 points to 5,339.40, on turnover of NT585.21 billion. Decliners led advancers
      374 words
    • 2084 17 TOKYO AFP Q Nikkei 225 +14M7 SHARE prices in Tokyo clawed their way back from a 27-month low yesterday as investors bought high-tech and ex-port-oriented stocks on the back of a continued rise on Wall Street and a slumping yen, brokers said. The
      AFP  -  2,084 words
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  • STOCKS klse
    • 430 18 AFP fl Composite Index +313 MALAYSIAN shares closed 0.5 per cent higher yesterday following Wall Street's rise, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended up 3.13 points at 678.90. The Second Board index added 1.04 points to 129.10. Volume
      AFP  -  430 words
    • 9013 18 INDUSTRIALS Consumer products 2001 Last Vol Day Nat Cap Hiqh Low Company Sala 'OOP Hiqh Loo P/E Smil 310 300 Ajinomoto 310 17.0 125.6 40 31 Anqkasa 35.5 -0.5 35 36 35 52.3 316 286 Apollo Food Hlq 316 6.9 126.4 332 308 Asia File 316 -4 4 328 316
      9,013 words
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  • SGX clob & regional stocks
    • 2703 19 BONDS A WARRANTS wt Wnti mmI u+y 32-*Mk Last V« Day LxtflMt* Art InK Cmr Lu> Mk Mtte Hi# Ln Cowpmv Sjto 000) Hi# Lot tam Safer Mn (Mils) Ml* Nn tart*2 Laft 47 1.5 s Acma W*****4 2 unch 10 2 2 1.5 2.5 2 41.0 1 300 351
      2,703 words
    • Article, Illustration
      746 19 SET Index +16J9 THAILAND'S stock market soared 5.5 per cent yesterday, boosted by gains on Wall Street and the incoming government's clarification of policy on a national Asset Management Corporation, analysts said. The Stock Exchange of Thailand (SET) Composite Index jumped 16.19 points to close at 311.25, and the
      746 words
    • 283 19 AFP Fl Composite Index +25.76 PHILIPPINE share prices closed 1.7 per cent higher yesterday with the Composite Index up 25.76 points to 1,541.65. Turnover rose to 264.07 million shares worth 798.27 million pesos from 188.4 million shares valued at 609.9 million pesos on Thursday. Peso (000) Abacus Construction 0.47
      AFP  -  283 words
    • Article, Illustration
      731 19 AFP n Composite Index -3»01 INDONESIAN share prices closed 0.7 per cent lower yesterday on caution ahead of expected protests against President Abdurrahman Wahid next week, dealers said. The Jakarta Stock Exchange Composite Index closed down 3.01 points at 407.37, off a low of 404.73. Volume was at 732.5
      AFP  -  731 words
    • 261 19 AFP QnjSE-40 ♦am NEW Zealand stocks rose 1.1 per cent yesterday led by market heavyweight Telecom Corp amid stronger general sentiment, dealers said. The NZSE-40 Capital Index was up 20.16 points at 1,928.41 on turnover of NZ594.7 million. —AFP ■fa root) Advantage MOS 1.25 0.03 75 Air NZ A
      AFP  -  261 words
    • 545 19 AFP QAllOrdiniries +1&20 AUSTRALIAN shares rose 0.5 per cent yesterday following Wall Street's gains and as demand grew for recently oversold blue chip stocks, brokers said. The All Ordinaries index closed 16.2 points higher at 3,188.6 and the SP/ASX2OO rose 17.6 points to 3,243.2. National turnover was 477.87 million
      AFP  -  545 words
    • 316 19 AFP FlOwnpoate Index ♦2108 SOUTH Korean shares rose 4.6 per cent yesterday with the index up 26.08 points at 587.87. Volume was 708.5 million worth 3.9 trillion won. —AFP Jo 12 Hon A nam Semi 3900 250 Brain Tech -595 unch Central Bank 170 unch Cheil Comm ***** 6400
      AFP  -  316 words
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  • 9493 20 SGX MAINBOARD Transaction date: Jan 12 6r Gr M Wt 52-Wk Last Vol Day Last Quota Olv Dlv YM Not Cap Avo H.gn Low Company Salo COOP) High Low Buyor Sollor C'vr P/E $mM Prtco MULTI-INDUSTRY 158 65 mc Acme 50c 67 -0.5 214 68 66 66.5 67
    9,493 words
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  • Page 21 Advertisements
    • 161 21 I Where to wine, dine and entertain../""* ®fiK» SSJESiJiS HAVE A PROSPEROUS START TO THE YEAR OF THE SNAKE AT PLAZA HOTEL Food For Thought bine Dining ut its best I\| 111 IVI HI MM '>'■ 11 Mil 2 course meal $35.00 Select a starter, then main from our ala-carte
      161 words
    • 41 21 WfiflM I Advertise in I Wine, Dine Entertain of The Business Times I Contact Anne Tan 740 6127 or Amy Choo 740 1559 now. I isfi T, 1 8181 j. Mexican Mongolian STchuan ■-w W VT II Hainanese T I Italian
      41 words
    • 38 21 Celebrate This Lunar New Year With The Most Ideal Festive Goodies At Our MANDARIN DELI Enquiries: 831 6285 Website http://www.mandarin-singapore.com tJX tE Mandarin QQ Singaporr i, aam r^~-~ 333 Orchard Road, Singapore *****7 Tel: 737 4411 FW7732 2361
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  • Page 21 Miscellaneous
    • 828 21 The Business Times, Saturday, January 13, 2001 I ill I I II 10.00 J.A.G. 7.00 WOW!. burg (R). Central 1100 Jack And JUI. 8.00 Berita. ILOO The World Tonight. 8.00 AM Kids Central: The 12.00 MN Beyond Belief. 830 Ikhlas. 11-30 48hrs on Obsesses. aaaii&SiM esS" Wiggles. 1.00 AM Cinema,
      828 words
    • 257 21 CRYPTIC CROSSWORD (6) 6 We, for example, join in a state- up> nightmare of an apment (13) pantion (7,6) 8 German first to order cab (6) 7 Fewer calls are made to have 9 The deep place for many reduced (8 4 catches (8) 13 Wants, one hears, to be
      257 words

  • MOTORING
    • 1641 22 CHRISTOPHER TAN presents the list of new luxury and ultra-luxury cars set for release in the next 24-30 months NEVER mind that the US car market the world's largest is due for a serious contraction or that Asia, arguably the fastest growing, is poised for another crunch,
      1,641 words
    • BUMPER to BUMPER
      • 70 22 BMW hap been ranked top car company in Asia for the third time running. In a poll of professionals by The Far Eastern Economic Review, BMW was found to offer the highest quality of services and products. Among all multinationals ranked in 2000, it
        70 words
      • 98 22 POLICE are still investigating the multi-million-dollar scam involving one or more used-car dealers that rocked the industry several weeks ago. A police spokesman said no arrests have been made. He would not say more. But BT understands the perpetrators have already left Singapore.
        98 words
      • 77 22 BMW expects to build more than one million cars a year by 2005 with the launch of new models, an executive told the German business daily HondelsblcUL The company now makes 800,000 cars a year, down from slightly more than a million
        77 words
      • 74 22 VOLKSWAGEN has unveiled a concept baaed loosely on its cult "Love Van" Transporter of the *****. Called the Microbus (above), the huge raulti-seater is aimed at the US market. It has strong design elements of its legendary predecessor, which was almost as popular during the "flower
        74 words
      • 103 22 JUMPING on the retro bandwagon. Ford unveiled the Forty-Nine concept at the Detroit Motor Show last weekend. It is inspired by a 1949 Ford car and combines Italian design and characteristics from 1950s cars, Bloomberg reported. Ford hasn't said whether it will produce the car
        103 words
      • 94 22 DAIMLERCHRYSLER will set up a joint venture with Hyundai Motor in April to make trucks, paving the way for the world's largest truck maker to add to its production base in Asia, Bloomberg reported. Ownership of the venture, based at Hyundai's existing Chonju plant, will be
        94 words
      • 70 22  -  Compiled by < Christopher Tan BRIDGESTONE president Yoichiro Kaizaki (above) resigned on Thursday following a costly recall of tyres by US subsidiary Firestone. The Firestone recall, involving millions of tyres liable to fall apart at high speeds, came after more than 100 related deaths. The Ml financial
        70 words
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    • 64 22 bt motoring welcomes feedback, suggestions and other forms of correspondence from readers. wheel matters is also an advice column, with technical queries being answered by experts at the automobile association of Singapore and policy questions tackled by the lta. You can fax us on 733-5271 or e-mail us at btletter@sph.com.sg.
      64 words

  • The Arts
    • 1811 23  -  From pottery to dance and photography, there's a slew of courses out there to entice the budding artist in you. (TfTr.ftH ui-hoom reports CHEAH UI-HOON SO you always thought you could paint, dance, or sing, but felt obliged to choose a less "artistic" path like
      COURTESY OF LASALLE-SIA; FILE PHOTO  -  1,811 words
    • Shopping & F***king
      • 816 24  - The play about youths has a stellar cast, hot could have dog deeper By Parvathi Nayar If the flier notes primly that it isn't a play suitable for audiences under 18, the title delivers it better: Shopping and F***ing. UK playwright Mark Ravenhill's dizzy roller-coaster of sex, drugs and consumerism
        816 words
    • Article, Illustration
      942 25  -  It's all about passion and dedication, Masaaki Ogawa, artistic director of taiko drum group Wadaiko Yamato tells aaron lye AARON LYE Many of us go through life seeking passion and purpose. Some succeed, others don't. Masaaki Ogawa is one individual fortunate enough to find that passion early
      PILE PHOTO  -  942 words
    • 656 25  -  Art dealer Gim Ng is soliciting membership and feedback around the region now By Parvathi Nayar The outlines are still very fuzzy, but Gim Ng of Shenn's Fine Art International (Singapore) is working very hard to fill in the details and sharpen the image.
      CHRIS LOH  -  656 words
    • 791 25  - Chang Eng, again? Producer and director Uekrongtham even plans to take it international Byi Aaron Lye IT'S back in Singapore yet again four times and counting. Chang Eng, Singapore's most successful musical to date, returned with a bang last week at the KaUang Theatre with a stellar cast, elaborate sets
      FILE PHOTO  -  791 words
    • 232 26 A Chinese New Year Concert Performed by the City Chinese Orchestra, A Chinese New Year Concert will feature familiar Lunar New Year favourites including Jing SheKwang Wu, Gong HeXinXi and HeXing Nian. +Jan 14,5:30pm and 7pm, Singapore Botanic Gardens, Shaw Foundation Symphony Stage. Admission free. TGIF SAM w.LHE! A
      232 words
    • 306 26 Chinese Culture And Civilisations An exhibition on Chinese cultural heritage that introduces visitors to the scholastic traditions of writing and connoisseurship. ♦Permanent display, 9am-6pm (Tue-Sun), 9am-9pm (Fri.free from 6pm), Asian Civilisations Museum, 39 Armenian Street. Admission tickets available at the door and priced at $3 (adults) and $1.50 (children).
      306 words
    • 112 26  -  Compiled by Aaron Lye Casse Noisette by Ballet Biarritz A classic story, The Nutcracker, by ballet group Ballet Biarritz features a cast of twelve dancers and a visually striking set and dramatic lighting. ♦Jan 11,8pm, Victoria Theatre. Tickets priced at $36, $30, $24 and $18 available at all SlSTlCoutlets
      112 words
    • Article, Illustration
      147 26  -  Byl Aaron Lye The buzz: Forbidden Hollywood, a theatrical spoof of all things Hollywood. Inspired by the success of its predecessor, Forbidden Broadway, this satire pokes fun at some of the greatest (and worst) movies ever to come out of Tinseltown. Plot and players: Conceived and produced by Gerard
      147 words
    • NEW AISA BIZ WOMAN
      • 1120 26  -  parvathi natar talks to Filipino actress cum director Monique Wilson who uses theatre to bring home critical women's issues PARVATHI NAYAR VAGINA. It's a word that makes people sit up and take notice. Even though it isn't a "dirty" word, merely one that names a part
        FILE PHOTO  -  1,120 words
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    • 124 23 > *\T' r k J P > jr.'' V %pKi i *t r. f V/-<: v J. «v■ o X V v v -.<<V s v <j y *> V <®> 0 J I See Feel Taste Listen <.> v v < V-V V•• i v!; :j V >: By
      124 words