The Business Times, 10 February 2001

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Total Pages: 22
1 22 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 028/12/2000 SINGAPORE Internet: httn\//business-times.asial .com.sg/ SATURDAY, FEBRUARY 10, 2001 85C
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  • 72 1 □sn M7X37 (-8.97) BT-SEI 811,23 (-4.92) ST INDEX FUTOBES MTaOO (-7.00) SUSCE FUTUIES 263*00 (-0.60) STOCK MABKET INDICES Friday Change KISECOMP ***** *194 NIKKEI 225 13,422.83 HANG SENG *****28 -86.12 SET INDEX 324.72 -2.79 JAKARTA COUP __427J1 -1187 MANILA COMP 1,695.59 +12.15 TAIPEI WPI 4809.84 +5L24 SEOUL OOMP
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  • 71 1 FOREX BATES us$ s$ us$ (S$.peclJSS) L2» £P53A3prS) —i4«t im EtltO{LS&5$/E)—W£0. IBM DM mi 1219 YEN MS. 6W0 m im. im RK$ 7.m .1471 BAHT «M 3138 RUPIAHiU) *8»._Mf7 PRIME SATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA .39.00 BANGKOK 9.50 MANILA .......11.00 HONGKONG 8.50 TAIPEI 7.84 SYDNEY 8.50 TOKYO
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  • 611 1  -  piiexclusive It's working ont ways to divest property holdings to comply with BIAS rules By Marissa Chew [SINGAPORE] The OCBC Bank group has suspended work on its residential property projects as it sorts through how it will divest its property holdings under government rules
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  • 566 1  -  Not true to say POSBank had no resources to be Y2K compliant, adds ministry By Siow Li Sen [SINGAPORE] The Ministry of Finance said yesterday it was not true to say POSBank had neither the resources nor momentum to become
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  • 734 1  -  Bat electronics down cycle will hit Asian economies till 2002 By Kalpana Rashiwala [SINGAPORE] After two quarters of slow growth, the American economy will rebound in the second half of this year on the back of interest rate cuts and
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  • 887 1  -  BO J to create new loan facility, buy govt bonds Fromj Anthony Rowley in Tokyo THE Bank of Japan last night made a partial bow to intense political pressure that has built this week for monetary easing, as fears have grown about
    887 words
  • Page 1 Advertisements
    • 85 1 INSIDE Top Stories PSA: Staying ahead in the race. Pg 5 Create more contact points between Singaporeans and Malaysians, says M'sian Deputy Prime Minister Abdullah Badawi. Next Page March COE prices up sharply. Next Page Industry giants teaming up to build wafer tabs. Next Page Vickers Ballas in advanced merger
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    • 33 1 V» fmi dS* I f"' o,s for seduction 0 j§ jj Rediscovering the magic of Mercedes' flagship Motoring, Pg 10 Win FREE tickets to the Buena Vista Social Club concert on Feb 18
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    • 22 1 Mail Bag: Letters from Ministry of Finance, DBS Bank, Pg 7 Bellydancing tw sensual, spiritual W New/ /\s/a Biz Woman, Pg 20
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  • NEXT page
    • 486 2  -  Improve bilateral relations this way; also through school twinning, smart cards for travel Reports by Eugene Low [SINGAPORE] Malaysian Deputy Prime Minister Abdullah Badawi made a pitch for improved bilateral relations between Singapore and Malaysia yesterday, suggesting several programmes to boost ties between the
      REUTERS  -  486 words
    • 371 2 Countries in the region need good governance even more than democracy, says Abdullah [SINGAPORE] Islam is compatible with democracy, but only if it is promoted by Muslims who are "worthy of Islamic teaching", Malaysia's Deputy Prime Minister Abdullah Badawi
      371 words
    • ON THE grapevine
      • 67 2 THE love affair with all things American continues. The grapevine has it that the new people heading the National University of Singapore are wondering whether to call the two semesters "summer" and "fall". Some of the changes proposed include renaming the graduation ceremony
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      • 92 2 A SOCIAL Development Service survey of 210 single participants of its Valentine's Day Dinner and Dance revealed that Singaporean men are receptive to the idea of being househusbands while the women are unwilling to take over the role of breadwinner. The survey found that
        92 words
      • 65 2 AT the Internet business plan competition, Ignite Asia Challenge, on Thursday evening, 100 wireless terminals were handed out to attendees to vote for the finalists after they had made their presentations. But the voters were asked to turn off their mobile phones and pagers as
        65 words
      • 76 2 DBS Bank is holding a major bond conference for key investors and issuers in the region. Some 250 players from major financial institutions and leading business executives are expected at the conference, which will be held next Thursday, Feb 15, at the Shangri-La Hotel, to examine
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    • 595 2  -  Sndden retail rebound, quota fall in one category By Christopher Tan [SINGAPORE] Car COE prices rose sharply across the board on the back of a sudden rebound in the vehicle retail market and the unexpected quota shrinkage in one category. Premiums for big cars
      595 words
    • 636 2  -  High costs cited; Infineon, UMC tie-up exemplifies trend By\ Macabe Keliher in Taipei THE cost of building fabs, or wafer manufacturing plants, has become so prohibitive that industry giants are increasingly teaming up for such undertakings, a trend that looks likely to
      636 words
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  • SINGAPORE companies
    • 546 3  -  Separately, Ong Asia expects a merger rivalling failed 6E Goh/V Ballas onion By. Angela Tan VICKERS Ballas Holdings revealed yesterday it is in serious talks with another company, fuelling excitement a long-awaited merger with another broking firm could be imminent. "The board
      546 words
    • 297 3  -  By David Boey JURONG Technologies Industrial Corp (JTIC), a main-board-listed electronics contract manufacturer, yesterday announced a 33 per cent jump in its full-year earnings to $5.6 million. It also added that the group was "optimistic that revenue and profit will continue to grow" this
      297 words
    • 564 3  -  ifrMH lock siew angela tan SINGAPORE stockbrokers have been complaining bitterly about falling commission income. But the harsh reality is commissions are set to fall even further. For a long time, Singapore brokers had it good. They were charging 0.75-1 per cent for most
      564 words
    • 357 3  -  Fringe-asset sales in line with strategy, says company By\ Kalpana Rashiwala CAPITALAND will receive $113.1 million in cash proceeds and reap a $40.7 million pre-tax gain from divesting stakes in 79 Anson Road, 11 Beach Road and Thomson Plaza. "This move is
      357 words
    • 326 3 NTUC Fair Price expects to start work next month on a major revamp of the nearly 121,000 sq ft it now owns on two levels at Thomson Plaza mall, the supermarket giant said yesterday. The chain confirmed it inked a deal yesterday to buy
      326 words
    • 588 4  -  The new loans and injection of $90m by SPH is expected to see the company through until its IPO By Teh Hooi Ling SPH Media Works, the television and radio unit of Singapore's dominant newspaper publisher,
      FILE PHOTO  -  588 words
    • 289 4  -  Promt Surinder Singh in Sydney THAKRAL Holdings will buy a 50 per cent stake in a As4s million (Ss42 million) residential project in Melbourne. The announcement comes just days after the Thakral family said it might be selling its 44 per
      289 words
    • 228 4  -  Tech firm expects to launch m&inbo&rd IPO at month-end By\ Liew Hanqing INTEGRA2OOO Limited has received in-principle approval to list on the main board, and expects to launch its initial public offer (IPO) at the end of this month, its board of directors announced yesterday.
      228 words
    • 201 4 ECS Holdings Ltd shares rose 11 per cent on their trading debut as investors bought shares of the distribution arm of Solectron Corp on optimism it will quickly grow its business of providing Internet services. The stock rose to 73.5 cents from its
      201 words
    • 4826 4 Nat Mm CM Lion Asiapoc Sep 22 P 0.300 1.957 0.12 OSS Date TY LY TV L* MAC Engg Sep 2« I 0.702 0322 0.65 032 Company aim (Smi <Sm> (cU) let*) MPH Ltd Nov 28 I 4.965 6.030 2.00 X40 Medtastreem Sap 26 I U47L
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  • PSA listing
    • 2652 5  -  With no sign of a flotation before the May deadline and greater competition from rival ports, PSA may wish to boost investor confidence by addressing all the risks it faces. JUSTIN DOEBEIJ! looks at some key issues JUSTIN DOEBELE A VISITOR to the port of
      FILE PHOTO  -  2,652 words

  • SINGAPORE markets
    • 179 6  -  WARRANT WATCH By R Sivanithy AFTER a flurry in November and December, interest in Gul Technologies has tapered off. This is very much in line with a drying up of the merger and takeover rumours that were the rage in the
      179 words
    • 616 6  -  i comment YOUR MONEY r. sivanithy AFTER the exertion of previous sessions, which saw second-lin-ers in active play, it was perhaps asking too much of the local market to rise yesterday especially since Wall Street continued to be battered by
      616 words
    • 330 6  -  I-id comment CURRENCIES larry wee THE US dollar asserted its dominance in Asian trading for the third consecutive session yesterday, this time led by losses in all major counterparts. Regional currencies were mostly sidelined. But the prospect of an imminent about-face by
      Source: Reuters  -  330 words
    • 373 6 Stocky Votuma ECS 10c 36.200.000 Vickers Capital 25c 29.862.000 Asia Food&Prop 27.77WOO Hyflux5c 20.758.000 NeraTel5(: 20,371,000 SGX1C 19,636.000 TPA10C 18.409,000 PCI 25c 14.424.000 Omni Ind 10c 12.307.000 BeyonicslOc 10.946,000 Stocks Chart Semiconductor 26c 52,382.400 Omni Ind 10c 36,827.120 Datacraft 10c 32,887.228 ECS 10c 27.307.885 SGX1c 26,067,632 Vtakers Capitol 25c 24.538.480
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    • 243 6  -  HOT STOCK By Teh Hooi Ling VICKERS Capital has been actively traded In the last few days. Yesterday, It closed unchanged at 80 cents with nearly 30 million shares traded. The 10-day average trading volume was 9.4 million. Directional movement indicator suggests that the broad
      243 words
    • 128 6 MANUFACTURING 1* Integration Technology Ltd announced that Anthony Lionel Adams has been appointed as a director of the company With effect from Fib 1,2001. YfJ /V ♦SINGAPORE Petroleum Company Ltd will 90 ex-dividend (first and final dividend of one cent tax exempt) onMay 24,2001. Lastdayforbuying-inona cum baais if
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  • SINGAPORE news
    • 589 7  -  It mnst become a 'compelling global hub' for knowledge-driven business, investment By Chuang Peck Ming THE old success formula alone won't do. To spur future growth in a world where competition has gone global, Singapore must build on existing strengths
      ARTHUR LEE  -  589 words
    • 625 7  -  B=yii=i on the economy Byl Marissa Chew AS the economy recovered and wages rose last year, household income was up across the board, with the fastest growth seen among those with the highest earnings. In its seventh advance-data release based on the
      625 words
    • 211 7  -  It's documenting practices of firms with consistently high quality work Byk Adeline Chua THE Building and Construction Authority is developing a series of guides on good industry practices by documenting the practices of firms that have consistently delivered high quality work. This is one
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    • 193 7  -  Jennifer Chen I REFER to the report "EDB forecasts 5% dip in total business spending" (BT, Feb 8). We would like to point out that this headline is very misleading. We had clearly mentioned during our press briefing held on Feb
      193 words
    • 175 7  -  Kee Ee Wah (Ms) I REFER to your article "BT bags SPH Story of the Year award" by Andrea Tan (BT, Feb 8). Andrea Tan wrote that "Following Ms Rashiwala's story (that is, the prize-win-ning story on the government studying whether to top up
      175 words
    • 280 7  -  w Marissa Chew A FREE trade agreement between Singapore and the European Free Trade Area (Efta) could be concluded as soon as the end of the year, senior officials from both parties said yesterday. Swiss Minister of Economic Affairs Pascal
      280 words
    • 258 7  -  infill bag Danielle Yew Director (Investment) Ministry of Finance I REFER to your article "POSBank was not Y2K compliant: DBS chief' by Siow Li Sen (BT, Feb 9). Philippe Paillart was quoted as saying that "...when POSBank was acquired by DBS, POSBank was
      258 words
    • 334 7  -  Philippe Paillart Vice-Chairman CEO DBS Bank THE headline "POSBank was not Y2K compliant" in yesterday's The Business Times was drawn from my comments at DBS's news conference on Thursday explaining why the DBSPOSBank integration was such a lengthy process. My point was
      334 words
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    • 68 7 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
    • 510 8 AUSTIN US computer maker forced to reduce numbers because of slumping demand Bloomberg, Reuters DELL Computer Corp may soon fire thousands of employees, the first major job cuts in its history, as the No. 1 US per-sonal-computer maker slashes expenses
      Bloomberg,; Reuters  -  510 words
    • 377 8 NEW YORK FT WORLDCOM has indicated that growth in its core business division is likely to slow slightly early this year, but it expects to hit revenue and earnings targets for the whole of 2001. The comments came as the US
      FT  -  377 words
    • 259 8 ATLANTIC CITY, NJ Reuters TALK about beachfront property for sale. Someone recently sold some of the famed beaches of Atlantic City by the pound. Local officials have been fuming ever since a seller on the Internet auction website eßay offered what
      Reuters  -  259 words
    • 369 8 WASHINGTON NYT THE head of the non-profit organisation created by the Clinton administration to oversee the Internet's expansion faced harsh questioning on Thursday before the House subcommittee on telecommunications. The group has operated so secretively since its 1998 creation that "events
      NYT  -  369 words
    • 584 8 PBons 'Bleeders' as well u halfway deceit nits will have to clean op their acts under Kleisterlee Reuters [AMSTERDAM] New Philips chief executive Gerard Kleisterlee takes control of Europe's biggest consumer electronics company, vowing to redouble its purge of loss-making "bleeders" in a drive
      Reuters; REUTERS  -  584 words
    • 474 8 HELSINKI Downgrade by ÜBS Warburg and bearish comments about handset market impact mobile phone makers Reuters SHARES in Finland's Nokia yesterday fell to November 1999 levels after a ÜBS Warburg downgrade and pessimistic overnight comments about the handset market from rivals Philips
      Reuters  -  474 words
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    • 89 8 Since 1975 our worldwide staff of over I 275 multi-disciplined professionals h& I j W including lawyers, chartered accountants. I V 4 K char,ere d secretaries and bankers have Br J A W provided confidential and cost effective JR company formation in all the major low I flf- tax areas
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  • REGIONAL news
    • 500 9 KUALA LUMPUR Likely stake in RHB will end np with an outside investor Bloomberg ABDUL Rashid Hussain, one of Malaysia's best-known bankers, may be set to lose some control over RHB Bank Bhd, the flagship of his financial empire. In the
      Bloomberg  -  500 words
    • 594 9 JAKARTA Ibra official discloses weeks-long delay but does not say why Reuters INDONESIA'S bank restructuring agency (Ibra) said yesterday the completion of the sale of Salim Group oil palm plantations to a leading Malaysian firm would be delayed by several weeks but declined
      Reuters  -  594 words
    • 179 9 KUALALUMPUR A SINGAPOREAN property developer, who is chairman of Malaysia's listed Pilecon Engineering Bhd, has been charged with misleading the Securities Commission, a report said yesterday. Tan Hock Keng pleaded not guilty to misleading the commission in 1999 over the extension of Pilecon's warrants, The
      179 words
    • NOTE Book
      • 93 9 Bloomberg [KUALA LUMPUR] Malaysia's industrial growth rebounded in December as factories and mines speeded up production. Industry grew 15.1 per cent in December from a year earlier after rising a revised 12.3 per cent in November, which was the slowest pace in 16 months, the Department
        Bloomberg  -  93 words
      • 56 9 AP IKU ALA LUMrUKj Malaysia's finance industry watchdog yesterday relaxed some rules on the issue of foreign currency bonds, saying certain investor-protection related requirements would not apply to bonds issued outside the country. These included investor protection-related requirements on rating, underwriting, minimum denomination and mode of
        AP  -  56 words
      • 70 9 AFP [MANILA] Philippine monetary authorities said yesterday that they would trim key interest rates by a half percentage point on Monday, restoring them to levels before the corruption scandal which unseated disgraced leader Joseph Estrada. The monetary authorities had jacked up the key rates by
        AFP  -  70 words
      • 98 9 [KUALA LUMPUR] Malaysia's independent power producer, Prai Power, is raising RM7BO million (*****.5 million) from the issue of Islamic bonds with maturities ranging from four to 15 years, the arrangers for the issue said yesterday. Prai Power, a wholly-owned unit of SKS Ventures Sdn Bhd,
        98 words
      • 63 9 in an item m yesterday s Notebook column headlined "Fortis signs deal with Bank Negara", we reported that Malaysia had signed an agreement with Fortis to develop bancassurance in that country. This is incorrect. The agreement is between Maybank of Malaysia and Fortis. The headline should thus
        63 words
    • 506 9  -  S'pore, Ho Chi Minh City complement each other, share synergies Nathan From Harish Mehta in Ho Chi Minh GUy VIETNAM could attract even more Singapore trade, investments and tourists because the island and the Vietnamese economic dynamo of Ho Chi Minh City complement each other and
      TAN SUAN ANN/ST  -  506 words
    • 394 9  -  He'll witness gas deal signing anij alan rail on Abdurrahman, Megawati From I Shoeb Kagda in Jakarta SINGAPORE Minister for Trade and Industry Brigadier-General George Yeo starts a four-day visit to Indonesia tomorrow to boost deepening economic ties and explore new business opportunities. He will
      394 words
    • 682 12  -  President also likely to lannch corruption probes against his opponents From I Shoeb Kagda in Jakarta EMBATTLED Indonesian President Abdurrahman Wahid yesterday fired his latest salvo against his political opponents, saying that he was preparing to move legally against some
      682 words
    • 249 12 WASHINGTON FT THE International Monetary Fund has warned Indonesia that its proposed central bank reforms could jeopardise release of new IMF loans. The IMF fears that the reforms could threaten the central bank's independence. This is one of three areas where
      FT  -  249 words
    • 435 12 SHANGHAI Professionals, not provinces, to pick IPOs Bloomberg CHINA will next month end a system that lets provincial governments pick which companies can seek to sell shares to the public, leaving the decision to bankers, lawyers and accountants instead. The move, which aims
      Bloomberg  -  435 words
    • 408 12 Thai Rak Thai chief wins 340 votes out of 500 in lower house AFP [BANGKOK] Billionaire businessman Thaksin Shinawatra was installed as Thailand's 23rd prime minister yesterday more than a month after national elections that handed him an unprecedented parliamentary majority. Mr Thaksin pledged
      AFP; AP  -  408 words
    • 1135 12 Like director Ang Lee and cellist Yo-Yo Ma, Tan Dun straddles East and West in his work wam/mmmm mmmmmmm n nrA AP E was born in Chairman fp Mao Tse-tung's home 1 j| province in 1957 and spent two years plant- ]|t ing rice in
      AP  -  1,135 words
    • 248 12 WASHINGTON Reuters, Bloomberg THE International Monetary Fund said on Thursday that it had approved an increase in China's voting rights, boosting the Asian nation's clout at the global lender. The expected move reflects China's increased weight in the global economy following its
      Reuters,; Bloomberg  -  248 words
  • Page 9 Advertisements
    • 97 9 INDOIUESIASHOW Sp THE LATEST IN INDONESIAN PRIME PRODUCTS 200 1 Z|f|l| INDONESIASHOW 2001, a place with large d EVENT HIGHLIGHT FREE EXCLUSIVE SOUVENIR (while stocks last) DAILY LUCKY DRAW (every 8.00 pm) HOME INTERIOR DECORATION CONSULTATION by Mrs. Erika (The best consultant of Intenor in Indonesia) ALL ARE WELCOME 10,30
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  • MOTORING
    • Article, Illustration
      1276 10  -  S is for seduction, as CHRISTOPHER TAN learns, when he rediscovers the magic of Mercedes's flagship CHRISTOPHER TAN THE Oxford Dictionary of Current English defines "luxury" as "thing giving comfort or enjoyment but not essential". Those who own the new Mercedes-Benz S-class—so far more than 1,000 movers and
      1,276 words
    • 667 10 Bloomberg [TOKYO] Mazda Motor Corp plans to offer 36 new and redesigned models in the next two years, as the Ford Motor Co affiliate tries to boost sales by reviving and expanding its product line, said company president Mark Fields. Japan's fifth-largest
      Bloomberg  -  667 words
    • 318 11  -  Tio Ngee Huan Singapore via Internet I WROTE to the Land Transport Authority (LTA) about diesel passenger cars, but unfortunately I didn't get a satisfactory reply. I feel this subject should be brought to the public's Attention.' I have been following with interest
      318 words
    • 139 11  -  Bernard Tan Singapore THE Wednesday and Saturday issues of The Business Times are the highlights of my week because of the Motoring section. Please keep it up. Meanwhile, I'm interested in measuring the horsepower of my car. Can you recommend a garage that can do this?
      139 words
    • 168 11  -  Yeow Kah Leong Singapore, via Internet THANKS for your new Wheel Matters section it gives readers an avenue to voice concerns to the relevant authorities. First, I can't help but notice more and more vehicles on the road with smoky exhausts. I know enforcement agencies
      168 words
    • 600 11 BYE BYE LOVE Reuters [LAS VEGAS] General Motors Corp officials told thousands of grieving Oldsmobile dealers this week that recent strong sales will not convince the world's No 1 automaker to reverse its decision to phase out the 103-year-old brand. Some dealers had
      Reuters; REUTERS  -  600 words
    • 60 11 I'D like to learn how to ride a motorcycle. Can you recommend a school where I can get instructions? Justin Doebele, Singapore TRY Comfort Driving Centre in Übi Ave 4 (offPaya Lebar Road) or Singapore Safety Driving Centre in Ang Mo Kio. Phone numbers are 848-0616 and 482-6060
      60 words
    • 317 11  -  K W Tham Singapore, via Internet I REFER to "Dolling up your car? Check this out" (BT Motoring, Nov 22,2000) and other recent discussions on accessories and modifications. Motoring in Singapore is a big industry—from distribution of vehicles to supply of accessories. The latter is
      317 words
    • 136 11  -  Benjamin Koh, Singapore I STRONGLY support the suggestion that motor dealers stay out of COE bidding. By packaging COEs with the car price, they are able to manipulate prices to their advantage and profit at buyers' expense. When COEs fall, dealers price their packages
      136 words
    • BUMPER to bumper
      • 91 11 THIS is the new "stretched" Mercedes Benz A-class. As anticipated, the bigger car will be launched this year. The Singapore market will only get it next year. The car is 17 cm longer, and thus offers a sizeably bigger cabin and luggage space—ll per cent
        91 words
      • 48 11 AMERICAN chemicals giant Dupont has formed a new fuel-cell business unit and intends to step up its investment and commitment to this area. It is predicting the total market for fuel cells will be worth up to US$lO billion (5517.5 billion) by 2010.
        48 words
      • 117 11 LAND ROVER is recalling an undetermined number of Range Rover V 8 petrol models to replace faulty coolant hoses. "Failure of the coolant hose may lead to loss of coolant that can result in a roadside breakdown or, ultimately, damage to the engine," the
        117 words
      • 61 11 UK magazine What Car? has named the new Audi A 4 as the best mid-size car. The Audi TT was voted Best Coupe for the third time in a row. The What Car? awards have been presented for the past 24 years. Cars
        61 words
      • 86 11 RENAULT chairman Louis Schweitzer said it would be "logical" for the automaker to increase its stake in alliance partner Nissan Motor after the Japanese company's share price soared. Under their March 1999 agreement, Renault can raise its stake to 39.9 per cent after four
        86 words
      • 82 11 BENTLEY sales increased 35.5 per cent to 1,364 units last year, with the Asia-Pacific chalking up the biggest growth. Ninety-six new Bentleys were sold in the region, up from 54 in 1999. In the latest of a series of sales statements that usually
        82 words
      • 60 11 WHILE we sit and wonder if the SEX number plate series will be allowed, bidding for the SDJ series is now open. All bids from a minimum of $1,000 —should be made on prescribed forms obtainable at the Land Transport Authority office in Sin Ming Drive
        60 words
      • 70 11  -  Compiled by I Christopher Tan HYUNDAI and Kia chairman Chung Mong Koo has received the Distinguished Service Citation from the Automotive Hall of Fame in the US. Mr Chung is the first Korean and only the second Asian to receive the award. The
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  • Page 11 Advertisements
    • 16 11 COE shouldn't be part of package mcmtiyemwpum.« motoril'failwj» nmmuii I PMItoMMH > ■ir ■IJllllllll llllML I V
      16 words
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  • Page 12 Advertisements
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  • WORLD news
    • 337 13 NEW YORK Was USs679m in revenue in fiscal 2000 properly booked? Reuters LUCENT Technologies Inc is the subject of a formal investigation by federal regulators into possible fraudulent accounting practices at the world's largest telecommunications equipment maker, the Wall Street Journal reported yesterday. Citing
      Reuters  -  337 words
    • 292 13 WASHINGTON AP US President George W Bush dispatched his proposed US$l.6 trillion (552.7 trillion), 10-year tax cut on what should be a tortuous journey through Congress on Thursday, urging action because "a warning light is flashing on the dashboard of our economy".
      AP  -  292 words
    • 253 13 LOS ANGELES Reuters CALIFORNIA Governor Gray Davis, under criticism for not acting fast enough in the state's electricity crisis, ordered new rules to speed up building generating plants while lifting emission standards so that old ones can be reopened. To stave off a
      Reuters  -  253 words
    • 532 13 NEW YORK Consultancy arm's shares rise 31% on first day of trading, raising USs2b FT, Bloomberg WALL Street showed on Thursday that it still had an appetite for some new issues as shares in KPMG's consultancy arm rose 31 per cent on
      FT,; Bloomberg; AP  -  532 words
    • 355 13 WASHINGTON But she concedes slowdown was more pronounced than expected Reuters INFLUENTIAL Wall Street analyst Abby Joseph Cohen said on Thursday the economic slowdown in the last few months was more pronounced than she expected but doubted the nation was headed
      Reuters  -  355 words
    • 249 13 ST LOUIS Bloomberg, Reuters THE US isn't showing signs of being in recession and the slowdown in growth may be a "hiccup" confined to manufacturing, said William Poole, president of the St Louis Federal Reserve Bank, suggesting the Fed may limit interest
      Bloomberg,; Reuters  -  249 words
    • 61 13 [AMSTERDAM] American freelancer Lara Jo Regan won the World Press Photo of the Year award yesterday, with this image of an immigrant family at their impoverished Texas home. The photo, taken on assignment for 'Life' magazine in March, was part of a series on Americans
      REUTERS  -  61 words
    • 356 13 SYDNEY Fatal blood clot risk in air travel is vastly overstated Reuters DOCTORS from Australia and New Zealand dismissed the concept of 'economy class syndrome' yesterday, but called for a major study to determine whether there was any link between air travel and
      Reuters  -  356 words
  • Page 13 Advertisements
    • 844 13 IbTftIVITfITICT To advertise call toll-free 1800 741 1883 I ilvlivLlJ Fax No: 741 1298 I IN THE MATTER OF THE COMPANIES ACT, CAR 50 AND IN THE MATTER OF INFORMATION RESOURCES SINGAPORE PTE LTD (In Members' Voluntary liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTION (Pursuant to Section 290(2)(b) At an
      844 words

  • FINANCE & commodities
    • 325 14  -  SGX Derivatives Tradlng/fe/jo/t STlndex/MSClS'pore Index Wong Ann Chuen Refco (Singapore) SINGAPORE'S stock market ended weaker, motivated mainly by a selling down of Singapore Telecommunications (Sing Tel) and Singapore Exchange (SGX). At the close, the Straits Times Index was 8.97 points lower at 1,973.37 with
      325 words
    • 234 14  -  MS& Taiwan Index Lau Chee Keong Refco (Singapore) THE Taiwan stock market extended its gain yesterday despite a weaker close of US markets on Thursday. Hopes of more bank mergers as well as high dividends from technology stocks in Taiwan helped lift the market. The MSCI Taiwan
      234 words
    • 167 14 ENERGY REPORT Reuters [LONDON] Oil prices fell back from two month highs yesterday as traders cashed in profits from the week's lyBrent crude oil was down 26 US cents at U5529.58 a barrel after briefly climbing above US$3O on Thursday, the first time
      Reuters  -  167 words
    • 354 14 Reuters London THE yen fell after the Bank of Japan (BOJ) cut its official discount rate for the first time in six years yesterday, but while it hit two-week lows against the US dollar, its biggest losses were against a rebounding euro. The BOJ's rate cut was seen
      Reuters  -  354 words
    • Article, Illustration
      1242 14 MTERBAMK CROSS RATES Feb_ AS CSNftfaro Ftr Dm HKS ind Is Von Wow Ml IIZ$Mh Mo S$ Bud SfrNTSBK Pound US$ Australia 0.809 4.449 0.583 3.825 U40 4.182 24.895 ***** 0.625 6.766 2.037 1233 ***** 25.842 0.935 4287 0595 17J07 ***** 0J71 0.536 Canada 1.236 5.498 0.720 4.726 1.409 5.168
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    • 1923 14 SICOM FUTURES Feb 9 RIMER (futures dosing as at 5JOpm) RSS 1 CONTRACTUS cents/kg) Close Volume Open Month High Low Sett (towns) Interest Mar 01 106.50 106.50 106.50 50 1350 Apr 01 109.00 600 May 01 m.50 600 Jun 01 113.00 600 RSS 3 CONTRACT (USccntSi/kg) Volume OpM Month Hjijh
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  • STOCKS east asia
    • 2854 15 HONGKONG AFP Q Hang Seng -36J2 HONGKONG share prices closed 0.2 per cent lower yesterday following falls on Wall Street but losses were capped by late bargain hunting, dealers said. The key Hang Seng Index lost 36.12 points to close at 15,873.28,
      AFP  -  2,854 words
    • 2066 15 TOKYO AFP n Nikkei 225 +284J0 SHARE prices in Tokyo rebounded 2.2 per cent yesterday from 28-month lows plumbed a day earlier, buoyed by bargain hunting and a report of a discount rate cut by the Bank of Japan, brokers said. The Tokyo Stock Exchange's
      AFP  -  2,066 words
    • Article, Illustration
      1086 15 Reuters 71 Shenzhen B Index *OJBS CHINA shares closed up slightly yesterday after the official Xinhua news agency said a broad campaign against stock price manipulation was a positive and necessary step to promote the healthy development of the markets. But brokers said the Xinhua report failed to relieve
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,086 words
    • 367 15 AFP DjWP Index +5L24 TAIWAN share prices closed 0.9 per cent higher yesterday following strong buying of technology stocks, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 51.24 points to 5,809.84, following a 1.1 per cent rise in the previous session. "Investors feel confident about buying more
      AFP  -  367 words
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  • STOCKS klse
    • 447 16 AFX-Asia 11 Composite Index +4.94 SHARE prices closed higher after a volatUe session on a combination of technical factors foUowing yesterday's faUs and bargain-hunting, dealers said. They said some investors may be buying in anticipation of a raUy ahead of TimedotCom's expected listing in
      AFX-Asia  -  447 words
    • 8832 16 INDUSTRIALS Consumer products 2001 List Vol Dty Not Cop Hl 0 h Low Company Site OOP High Low P/E $ml| 3 J 2 300 Ajinomoto 310 -2 2 310 310 17.0 125.6 45 30 Angkasa 37 2 IB 37 35.5 54 6 342 286 Apollo Food Hlg 338 unch 1
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  • SGX clob & regional stocks
    • 2236 17 BONDS A WARRANTS *1 Wnrt* Prml Entry LMt V* an Uk* M to. U*r Mk mtrn H JfL. rooo) Mm u» T»> W> (mm**** w» mi tm*+ u* 47 1 > Acm« W*****4 1.5 t 2 2 41.0 1 300 394 40.67 S 25 2.5 s AIITach W010B07 3 >
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    • 517 17 AFP PADOrdtaariei -Mi THE All Ordinaries Index yesterday fell 16.5 points to close at 3,261.3 while the SP/ASX2OO ended 17.0 points lower at 3,312.4. The Ail Industrials Index ended the day 30.6 points weaker at 5,658.3 and the All Resources eased 3.8 points to 1,391.8. National turnover was 532.65
      AFP  -  517 words
    • Article, Illustration
      727 17 AFX-Asia □set Index -179 SHARE prices closed lower on profit-taking as Investors discounted Parliament's approval of Thai Rak Thai party leader Thaksin Shlnawatra as prime minister and awaited the announcement of the new finance minister, dealers said. The SET Index closed down 2.79 points or 0.85 per cent at
      AFX-Asia  -  727 words
    • Article, Illustration
      717 17 nOompoiif Indai -1187 INDONESIAN share prices nosedived nearly 3 per cent yesterday as Investors took profits on their remaining recent gains due to continuing political concerns, dealers said. The Jakarta Stock Exchange Composite Index closed down 12.87 points at 427.91, off a low of 422.9. Dealers said cigarette giant
      717 words
    • 258 17 AFP ntBBE-40 *<.74 THE key NZSE-40 Capital Index yesterday closed up 6.74 points or 0.34 per cent at 2,007.83, after a rise In market leader Telecom Corp. Total turnover was NZ5260.83 million. Telecom Corp yesterday closed up 10 NZ cents at NZ55.46. —AFP w> «a root Advantage HDI 1.S7
      AFP  -  258 words
    • 291 17 AFP □Compositelndex *190 THE Korea Stock Exchange Index closed up 3.90 points at 595.47. Volume stood at 371 million shares worth two trillion won.— AFP rait won Anam Semi 4250 -65 Brain Tech 560 5 Central Bank 170 uneh Chad Comm ***** -1700 Oaa Gu Bank 1600 50 Daeaang
      AFP  -  291 words
    • 288 17 AFP Pi Composite Into +12i5 PHILIPPINE share prices closed 0.7 per cent higher after receiving a boost from a stronger local currency, dealers said. The Philippine Stock Exchange Composite Index rose 12.15 points to 1,695.59. Turnover rose to 1.75 billion shares worth 986.14 million pesos.— AFP Fi69 Nm (OOP)
      AFP  -  288 words
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  • 9093 18 SGXMAIHBOARP Transaction date: Feb 9 U. k 52 W L88t V* Day l*8t Ouote CMv Olv YM Net Cap A*g M«»> Low Company Sato COOP) HI*! Low Buyif S—c H C'yr P/E >3 MULTI-INDUSTRY '?ts T m t ti I 3 5 1037 635 605 w 5 4J
    9,093 words
  • Page 18 Advertisements

  • Page 19 Advertisements
    • 180 19 1 > Where to wine, dine and entertain../""? -Definitely the first card in the world ***** HAVE THE PERFECT VALENTINE S DAY CELEBRATION AT CAFE PLAZA 1 4 February Food For Thought Fine Dining at its best I\l I lIHI 111 MMIIVIII 2 course meal $35.(10 Select a starter, then
      180 words
    • 11 19 atrPfjjJ) will find it all here at Wine, Dine and Entertain.
      11 words
    • 47 19 f-s&imn The Neptune Presents i Beijing Opera performance by members of the Pel Yan Ling Opera Arts Centre, Hebei j 4, 10, 11,17, 24, 25 February 2001 Tel: 224 3203/831 6288 04«a>r m Mandarin UU Suyap.*r 333 Orchard Road. Singapore *****7. Tel: 737 4411 Fax: 732 2361
      47 words
  • Page 19 Miscellaneous
    • 848 19 i ne Business i imes, oaiuraay, reDruary iu, <:uu i |i|| ii ri ii ,y' Central Cheerleaders. 6*o Ultraman Tiga. 11.00 The World Tonight. I i 9.30 News 5 Tonight. 7.00 Transasia. 1130 48hrs. 8.00 AM Kids Central: The 10.00 J.A.G. 8.00 Berita. 12.30 AM Star's Time Out. t V*
      848 words
    • 315 19 CRYPTIC CROSSWORD ACROSS 5 Continued life, despite appalling 4 Animal bom among the goose- v*™ B Val (8) berries? (8) 6 Short case? (5) 8 Make a break for the island (6) 7 Pooh's follower had one before 9 Look firm when it is hermetically Samuel got up to the
      315 words

  • New Asia Biz Woman
    • 1186 20  -  The ancient art of bellydancing has its origins as a dance by women for women and it wasn't until 2,000 years ago that it became an entertainment art associated with tempting images, performer Keti Sharif tells AARON LYE AARON LYE THERE are those who view bellydancing
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  • Article, Illustration
    182 20  -  By Aaron Lye The buzz: Cookin', a theatre production involving dance, slapstick comedy and well-timed artwork. First staged in Korea in 1997 as Nanta, Cookin'has won both the Sports Chosun's Special Award at the 4th Korea Musical Awards and a five-star rating at the Edinburgh Festival. Plot and players:
    182 words
  • 757 20  - Compiled by Aaron Lye MUSIC Fourpiay at Chijmes with Tang The Tang Quartet performs at a special Valentine's Day concert of Mozart, Mandelson, Bach, Handel, Broadway and Gerswhin. Feb 14,8pm and 9:15pm, The Pavilion, Chijmes Lawn. Admission is free. First Symphonies Series A concert by SSO principal guest conductor Okko
    757 words

  • Page 21 Advertisements
    • 56 21 They ve got music in their veins and rhythm in their bodies. W. Jj 'Jf* tor one night only, on Feb Ift. at the Harbour Pavilion Be one o* lucky 20 to win a pair of tickets to this thrilling 4 performance, just fax this coupon to *****51 it s
      56 words
  • The Arts
    • 1062 21  -  Private funding helps to make tickets more affordable for the Prudential Children First! festival. Act 3 director Ruby Lim-Yang shares some insights with JOBN GEE JOHN GEE IT is a theatre festival aimed at children. It will last for 10 days and present performances by six
      1,062 words
    • 499 21  -  Stunning visn&l aesthetics mark Danny Tan's dance company's first anniversary performance By\ Cheah Ui-Hoon CHOREOGRAPHER Danny Tan shows a clear knack for the dramatic and the epic in his works, as he demonstrated in his dance company's first anniversary performance—ONE—recently. Among the six pieces performed, two really stood
      499 words
    • 476 21  -  By] Parvathi Nayar LOS superabuelos—or the super-grandfathers—are coming to town next weekend and we're already feeling buzzed. Excitement that's pretty unusual, wouldn't you agree, in a world that worships the culture and music of youth? But then again, there's nothing in the repertoire of the young
      476 words
    • 1748 22  -  The Hong Kong Arts Festival may have no umbrella theme but the lineup which includes Rossini's La Cenerentola, Goku (Monkey King) and Goldoni's A Servant to Two Masters offers prime examples of contemporising classics. PARVATHINAYAR gets a taste of these and other
      1,748 words