The Business Times, 3 March 2001

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Microfilm: NL22164
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MrrA(P> oca/12^000 SIN GAPORE Internet: http:/7business-times.asial com.sg' SATURDAY. MARCH 3. 2001 ftStls
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  • Article
    Lock icon MARKET SUMMARY
    28 1 a m iiU97J4(4.55) nn-m fl«rmnzForoßß UMRJO(+I.OO) sons nrrosss gi MU» (+1.60) STPOCX HAIIET INDICES FHday Change _7«M7 _jlJ7 BOW lUWP SS NASDAQ -MJB 8ftPH# mm -7Jf
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  • Article
    Lock icon FINANCE
    73 1 FOBEX KATES rs$ st U8S (8tper USS) 1747 £(USt/8SperS) Mil 1648 EUB0(USS/8$/E)— Ml 1JC7 DM llil IK# YW 1MJ ».7# BM tm 1171 BO 7JN 4.4K BART 43* Mtt KUPIAH 1871 MK PUB BATES SINGAPORE* 5.8» KUALA LUMPUR 7.f7 JAKARTA SMI BANGKOK lit MANILA ll.M HONGKONG 8 M TAIPEI
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  • Article
    Lock icon MAS spells out guidelines on Internet banking
    535 1  -  BTM'MUMIVJ Move to protect ifi»W tnH customers; compliance to be monitored Bu Tang Weng Fai [SINGAPORE] The Monetary Authority of Singapore (MAS) has released a set of guidelines on Internet banking to protect banks and their customers. Called Internet Banking: Technology Risk Management
    535 words
  • Article, Illustration
    Lock icon No-confidence move against Mori tips Japan closer to crisis
    975 1  -  Stocks at 15-year low; yen at three-week low of around 117J From Anthony Rowley in Tokyo CRISIS conditions in Japan moved closer to a climax yesterday on the political, economic and financial fronts as the parliamentary opposition prepared to table a
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  • Article
    Lock icon Govt defers sale of 2 industrial sites
    675 1  -  MTI cites weaker economic sentiment; this year's sales programme under review By Kalpana Rashiwala [SINGAPORE] The government is deferring the sale of two industrial sites totalling 13 hectares in Tuas planned for this month, a decision seen by analysts as offering some needed
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      Lock icon Page 1 Advertisements Column 1
      95 1 ImSHNBi Top Stories MS v\* NSTB, Ongßeng Sengteam upin USs3om Hfe sciences fund. Me** Rmg* MAS explains why Sing $'s trading bands are closed. Mexf Pmge IV-iTVl V -iTV- *;i-Vf ;i 9 Sing Tel kicks off Taiwan operations. Pg3 FJ Benjamin suffers $5.6 m loss; startup costs of ManU business
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      Lock icon Page 1 Advertisements Column 2
      153 1 iviaersk Schumacher I'll idßfilL jtaM KISS and maKG up "NextPaue i_« fastest man on wheels talks about H. this season, his new car and famil> V*** P.I .;< LTA first govt agency No bailout ?P t power your dream to set up transaction- Thaksin government Answer two simple q..estions 011
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      Lock icon Page 1 Advertisements Column 3
      21 1 hurt vvill tlit b'oX trade next week? Our i <>>»» R Sivanithy gives his views in BT Online on Sunday. Go to:
      21 words
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  • NEXT page
    • Article
      Lock icon Maersk Sealand, PSA patch up differences
      480 2  -  EBtruguneatmr Kursk ends with signing of new MOA M Donald Urquhart fSINGArOKE] After months of sometimes tnu haw publicly kissed and made up. Singapore's PSA Corporation ai nounced the signing of a memorandum of agre< merit (MOA) under which PSA would provide customised services
      480 words
    • ON THE grapevine
      • Article
        Lock icon Kiss and sell
        88 2 LOVE is big business these days, especially when it can be just a click away. On Valentine's Day some two weeks ago, two US matchmaking services, udate.com and Kiss.com, became one. The union is worth US$l7.7 million (Ss3l million) in udate.com shares, and combined membership comes to
        88 words
      • Article
        Lock icon Touch and buy
        51 2 SINGAPORE retailers are often accused of poor service. Hare may be an exception. Instead of telling its customers to keep their hands off its goods, The Art of Leather on the street level of Scotts Shopping Centre has little signs in front of its merchandise saying "PLEASE
        51 words
      • Article
        Lock icon The real thing
        65 2 A POSTCARD carrying a photograph of two women at a bar in short dresses has this caption: "In this bar, a woman really knows how to treat a man. That's because she used to be one." Right at the bottom of the postcard by Air-do Asia was
        65 words
    • Article, Illustration
      Lock icon S$ trading bands undisclosed to keep exchange rate policy effective
      585 2  -  MAS says it provides flexibility to cope with forex volatility By Larry Wee [SINGAPORE] The Monetary Authority of Singapore said yesterday that the effectiveness of its Singapore-dollar exchange rate policy depends on the ambiguity about the trading bands by which
      Source: MAS  -  585 words
    • Article, Illustration
      Lock icon NSTB and Ong Beng Seng team up in US$30m life sciences fund
      600 2  -  BTiamiumj Bioveda Capital will invest mostly in the US and Asia, particularly in China By Loh Hui Yin [SINGAPORE] Businessman Ong Beng Seng has teamed up with the Singapore government in a US$3O million (Sss2 million) venture capital
      FILE PHOTO  -  600 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon SingTel kicks off Taiwan operations
      594 3  -  It sees joint venture capturing 5% of Taiwan market in first year From Macabe Keliher in Taipei SINGAPORE Telecommunications Ltd launched its Taiwan operations yesterday, saying that it would capture a 5 per cent market share or NT$5-6 billion (*****-***** million) in revenue in the
      FILE PHOTO  -  594 words
    • Article
      Lock icon SingTel may be first to make offer for Optus telecoms assets
      392 3 Bloomberg [SYDNEY] Cable Wireless Optus Ltd may receive offers for its A 514.3 billion (5513.1 billion) in telecommunications assets as early as next week after the three bidders completed reviewing its books today, their bankers said. Telecom Corp of
      Bloomberg  -  392 words
    • Article
      Lock icon Wall St misreads Greenspan, now suffering for it
      860 3  -  HOCKIBBT.mm'I catherine ong IT has come as a nasty shock to some people on Wall Street that Alan Greenspan has a mind of his own. The Federal Reserve Board chairman's failure on Wednesday to do what Wall St had expected him to
      860 words
    • Article
      Lock icon FJB records $5.6m interim loss
      411 5  -  Poor showing dne to itsoverestimationof new market demand and underestimation of start-np costs By Marissa Chew FASHION retailer FJ Benjamin yesterday posted halfyear results as red as the Manchester United jerseys it sells, making a $5.6 million loss against a $2.4 million profit a year
      411 words
    • Article
      Lock icon Ong Asia appoints new chairman, MD
      145 5 BROKING group Ong Asia said yesterday it has appointed Ong Ka Tuan executive chairman with effect from March 1. The company said Mr Ong, 48, will oversee the group's overall management, corporate planning and policy, finance, operation, legal and compliance functions. He will remain
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    • COMPANY Briefs
      • Article
        Lock icon Amtek interim gain leaps 210%
        22 5 AMTEK Engineering's first-half profit jumped 210 per cent to $10£ million as sales swelled to $371 million.
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      • Article
        Lock icon Teledata posts 52% profit drop
        30 5 TELEDATA (Singapore) reported a 52 per cent dip m net profit to $521,000f0r the year, despite al6 per cent rise in sales to $72 million.
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      • Article
        Lock icon IPS earnings slide 33%
        28 5 INTERNATIONAL Press Softcom's net profits for the year to Dec 31 slipped one-third to $8£ million. Turnover rose 222 per cent to $68.1 million.
        28 words
      • Article
        Lock icon Serial director ups interest
        47 5 AS market speculation of a coming tussle between Serial System executive chairman Derek Goh and former chief executive Eddie Chng for control of the company grows, director Chin Yeow Hon has boosted his stake to 1.58 per cent from 1.56 per cent previously.
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    • Article, Illustration
      Lock icon TEE gets go-ahead for Sesdaq listing
      263 5  -  Bi Liew Hanqing SINGArORE-based mechanical and electrical (M&E) services provider TEE International has received in-principle approval to list on Sesdaq. The company is still finalising details of its initial public offer and won't reveal details yet- "We will launch when there is a good
      ARTHUR LEE  -  263 words
    • Article
      Lock icon Chartered's CEO recovering after surgery in US
      325 5  -  By David Boey BARRY Waite, Chartered Semiconductor Manufacturing's president and chief executive officer, is recovering well after surgery in the United States on Thursday. Mr Waite, 52, who had a non-malignant growth removed from his heart, will be on medical leave for the
      325 words
    • Article
      Lock icon Hersing posts $1m net loss
      185 5 BOGGED down by provisions for doubtful debts, Hersing Corporation has slipped into the red with a $1 million net loss for the year ended Dec 31. The group, which made provisions of $2.3 million for doubtful debts, had reported net profits of $6.7 million the
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    • Article
      Lock icon BT SHARE information service
      4054 5 Nat Mm PI mhrntfioii Sap 11 I URl 0429L 04L 040 Ml* TY LY TT tt NhMn Ok 29 I 157* 0.700 too OS2 p.m...ii mm ttml (SM (ctsl tetat MnTat Fa*08 p ***** 6.145 3.01 X79 T I =a Ba NaMaOrpUM Fa* 28 P 21IKJ
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      2657 3 ANNOUNCEMENT VOLUNTARY UNCONDITIONAL CASH OFFER for MING WAH UNIVERSAL (BERMUDA) CO., LTD. (Incorporated in Bermuda) Introduction Vickers Ballas Co. Pte Ltd ("Victors Bates') wishes to announce, tor and on behalf of Market Ocean Holdings Limited (-Market Ocean" or the "OfleroO. a wholly-owned srtsidiary of China Merchants Holdings (International) Company Limited
      2,657 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Market displays resilience amid host of adversities
      606 4  -  STOCKS r. sivanithy MARKET conditions for equity investors have deteriorated sharply, with Japan threatening to sink without a trace and Hongkong continuing its free-fall yesterday. On top of this, players had to contend with an after-hours profit warning on Thursday by US software
      606 words
    • Article, Illustration
      Lock icon Yen falls to 6-week low, BOJ chief chooses to keep mum
      334 4  -  CURRENCIES larry wee THE Japanese yen tumbled to a six-week low of 118.5 per US dollar after another nightmare stock session in Tokyo yesterday, and some longer-term players are already looking beyond 120 yen to 125 per US dollar
      Source: Reuters  -  334 words
    • Article
      Lock icon Untitled
      452 4 Stock* Volume lnnovolueo5c 18.815,000 Omni Ind 10c 14,036.000 PadftoCantuiylOc 9,832,000 PCI 25c 8.700,000 MhgWWi US25C 8,037,000 Re«IQfp5c... 7,870.000 Chart Semiconductor 28c 8,940,000 Integra 5c *****00 Hyflux5c 6340,000 ST Engg 10c 6,777,000 Stocke OBSQrp..... *****7380 Detacraft 10c *****,437 Omni Ind 10c 37,*****0 Chart Semiconductor 26c 34,400,020 SPH 27,194,720 VentureMfg25c 26,043,716 OC8C;
      452 words
    • Article, Illustration
      Lock icon DBS well-supported at current levels
      241 4  -  HOT STOCK By Serena Ng THE stock of DBS Group Holdings slumped yesterday on worries the bank will post lower-than-expected results next week. The counter slipped 40 cents to end at a five-week low of $19.00 on heavy volume of 6.2 million. But the stock,
      241 words
    • Article, Illustration
      Lock icon Amanah Small Cap Fund warrant a decent buy
      178 4  -  WARRANT WATCH By R Sivanithy MALAYSIAN small cap stocks are performing much like their blue chip counterparts most are depressed and suffering from lack of interest. Still, for those who can recall, Malaysian secondliners sometimes burst into life and massive gains are
      178 words
    • Article
      Lock icon Market Notices
      139 4 INTEGRA2OOO's BBu-<awjuUfe<ti6Ltoi Christopher Chong Meng Tak has retired in rotation with effect from Feb 22. ♦HEALTH Management International has appointed Helen Thomas as company secretary with effect from Feb 21 in place of Lock Yoke Kuan who has resigned with n A ft. II n.k a enectffomreD l
      139 words
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      Lock icon Page 4 Advertisements Column 1
      88 4 JjJJPJkJ^jBYJ 40 years ago: $1,000 Now: $20 r 000" mm ,?yi m T j This famous piece by the late Chinese brush painter Xu less than |$1,000, some years p" Now, worth nearly A $20,000. Collectors here are r cashing in, with one gallery 1 forking out $2 million for
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  • SINGAPORE news
    • Article
      Lock icon LTA's One.motoring rides smoothly in first 2 weeks
      353 6  -  Net portal attracts more than 300 transactions daily By Christopher Tan THE Land Transport Authority (LTA) has become the first government agency to set up a transaction-capable Internet portal. And since its soft launch two weeks ago, One.motoring (www.onemotoring.com.sg) has been attracting
      353 words
    • Article
      Lock icon Morgan cuts GDP growth forecast
      465 6  -  -By Anna Teo MORGAN Stanley Dean Witter has lowered Its forecast for Singapore's 2001 economic growth to 6.1 per cent from 6.6 per cent because the Budget announced last week turned out to be less expansionary than it expected. While there are tax cuts and
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    • Article, Illustration
      Lock icon Two S'poreans win Young Inventors awards
      218 6  -  By Janice Lee THE first Young Inventors Awards, organised by the Far Eastern Economic Review and Hewlett-Packard Asia Pacific, announced its winners last Thursday. The awards attracted about 300 entries from the Asia-Pacific region in areas including medical sciences, biotechnology, electrical and civil engineering,
      AP  -  218 words
    • Article, Illustration
      Lock icon Manchester United, UOB launch co-brand cards
      256 6  -  Card members to enjoy official club membership status by Adeline Chuah MANCHESTER United South-east Asia Supporters Club (MUSC) and United Overseas Bank yesterday launched the region's first football supporters club cobrand credit and debit cards. The target is 15,000-20,000 card members in the first
      REUTERS  -  256 words
    • Article
      Lock icon Govt expands scheme for write-downs on IP
      473 6 It now covers 7 categories of IP in various sectors THE government is widening its Write-Down Allowance for the Approved Intellectual Properties scheme to include more industries and types of intellectual properties. The enhancement of the scheme was announced by Finance Minister Richard
      473 words
    • Article
      Lock icon Panel praises TV, radio for range and quality
      385 6  -  But some areas still have room for improvement by Rachel Ong TELEVISION and radio were generally commended for the range and quality of their programmes in the sixth annual report of the Programme Advisory Committee (PAC) released yesterday. But the PAC said
      385 words
    • Article
      Lock icon Diamonds: Why they don't sparkle, yet
      437 6  -  MAILfTETy KK Lee General manager Chemical Industries (Far East) Limited Singapore via Internet I REFER to the letter "Will this diamond ever shine?" by Chia Hui Ping (Mailbag, Jan 27). Thank you for your interest in our company and our businesses. We are delighted
      437 words
    • Article
      Lock icon Airlines'retreat signals reduced interest in M'sia
      122 6  -  Jason Tham Wing Hong Malaysia via Internet I REFER to the article "ANA to stop flying to M'sia, citing poor business" (BT, March 1). This is certainly not a good sign. The decision of four major international airlines abandoning Kuala Lumpur International Airport clearly
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      Lock icon Page 6 Advertisements Column 1
      66 6 We welcome letters. E-mail us at btietterQ sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390Kim Seng Road, Singapore*****s. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in mind
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  • SOFTWARE tax
    • Article, Illustration
      Lock icon Software tax issues: a closer look
      2477 7  -  A little green man poses some probing questions about Singapore's software withholding tax exemptions By Kenny Foo Kenny Foo is a tax lawyer with Baker McKenzie. Wong Leow. The views expressed here are entirely those of the little green man, and do not represent
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  • e-NEWS
    • Article, Illustration
      Lock icon Oracle hit as customers delay orders
      491 8 NEW YORK The delays mean profits for latest quarter will not meet expectations NYT EXECUTIVES at the Oracle Corp, caught by surprise in the last week as one corporate customer after another delayed software orders, said on Thursday that profits for the most recent
      NYT; COURT MAST/MAST PHOTOGRAPHY  -  491 words
    • Article
      Lock icon Yahoo! moves to put off any hostile takeover bid
      410 8 SANTA CLARA, California Board agrees to adopt shareholder rights plan Reuters, FT INTERNET portal Yahoo! Inc, whose stock has plummeted in recent months amid a general Internet sell-off, said on Thursday its board had adopted a shareholder rights plan to discourage
      Reuters,; FT  -  410 words
    • Article
      Lock icon Taiwan becomes No 2 chip-equipment market
      221 8 m SAN JOSE, California Bloomberg TAIWAN displaced Japan last year as the world's sec-ond-largest market for equipment used to make microchips, according to an industry report. "Taiwan continued to set the pace for the industry and for the first time finished the year as
      Bloomberg  -  221 words
    • Article
      Lock icon Profit boost for Regional Wireless?
      364 8 HONGKONG Bloomberg REGIONAL Wireless Co, owned by Telstra Corp and Pacific Century CyberWorks Ltd, may get an earnings boost this year on signs a twoyear slump in Hongkong mo-bile-call prices is ending, analysts said. Regional Wireless has 20 per cent of Hongkong's mobile market, ranking
      Bloomberg  -  364 words
    • Article
      Lock icon Flextronics sees sales to telcos lagging in Q4
      442 8 SAN JOSE, California Boost elsewhere will help maintain profit estimates Bloomberg FLEXTRONICS International Ltd, the world's No 2 contract manufacturer of electronics, expects sales and earnings from telecommunications customers to be less than expected in the current quarter. Earnings for the fiscal
      Bloomberg  -  442 words
    • E Briefs
      • Article
        Lock icon Nortel facing shareholder lawsuits
        100 8 Bloomberg [NEWARK, New Jersey] Nortel Networks Corp, the biggest maker of fibre-optic equipment, is feeing two shareholder lawsuits alleging that the firm fraudulently inflated the value of its stock before it plunged 33 per cent on Feb 16. The stock dropped U559.75 to US$2O, losing US$3l
        Bloomberg  -  100 words
      • Article
        Lock icon Fujitsu expects lower profits
        72 8 Bloomberg [TOKYO] Fujitsu Ltd, Japan's fourth-largest chipmaker, said fUU-year profit figures would not meet forecasts because it was selling fewer personal computers, electronic devices and parts than it expected with the US economy slowing. Fujitsu said group net income would probably be 10 billion yen (*****.5
        Bloomberg  -  72 words
      • Article
        Lock icon Intel's energy savers
        51 8 Bloomberg [SAN JOSE, California] Intel Oorp has demonstrated low-power processors for server computers that dish up websites as it 9eeks to tap a growing market for energy-saving products. Intel showcased low-power 500-megahertz Pentium in devices, similar to those recently introduced for ultra-thin laptops, at a developer conference.
        Bloomberg  -  51 words
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      Lock icon Page 8 Advertisements Column 1
      911 8 flflfl HWA HONG CORPORATION LIMITED ■IVyi (Incorporated in the Republic of Singapore) UNAUDITED FULL YEAR RESULTS FOR 2000 FINANCIAL HIGHLIGHTS DIVIDEND ANNOUNCEMENT GROUP RESULTS FOR THE YEAR ENDED 31 DECEMBER 2000 2000 1999 Variance S$ a OOO SS'OOO Turnover 144 853 157,539 (8) Operating profit before tax and minority interests
      911 words
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  • REGIONAL news
    • Article
      Lock icon Thaksin govt drops banking bombshell
      678 9  -  It says banks must bear all losses if bad loans bought by AMC are not recovered From Harish Mehta in Bangkok THAILAND'S new Thaksin government yesterday dropped a bombshell, saying that a proposed national Asset Management Corporation (AMC) would buy 1.2 trillion baht (5548.4 billion)
      678 words
    • Article, Illustration
      Lock icon RM10m Ecstasy haul
      58 9 [KUALA LUMPUR] A Malaysian Customs official showing Ecstasy pills which were hidden in two computer server casings and declared as a consignment of computer hardware in Kuala Lumpur yesterday. More than 100,000 Ecstasy pills valued at RMIO million (Ss4.6m) were seized from the cargo complex at the
      AP  -  58 words
    • Article
      Lock icon KL's Sentral to be in business by mid-March
      322 9  -  Frorri Diana Oon Abdullah in Kuala Lumpur KUALA LUMPUR'S Sentral Station will open its doors to commuters by the middle of this month, said Malaysian Resources Corporation Bhd (MRCB) executive chairman Abdul Rahman Maidin yesterday. This wUI be the first phase of
      322 words
    • Article, Illustration
      Lock icon Rediffusion nets rights to manage Channel 8
      348 9  -  It will handle the former Metrovision for the next 10 years From Diana Oon Abdullah in Kuala Lumpur BANKING and property tycoon Azman Hashim is expanding his media interests through Metrovision, Malaysia's second private station and fourth TV Channel. Rediffusion Bhd, Mr Azman's
      FILE PHOTO  -  348 words
    • Article
      Lock icon Penang's water utility gets listing nod
      205 9 ■PENANG Bernama PBA Holdings Bhd (PBAHB), the investment holding company of Penang's Water Supply Corporation (Perbadanan Bekalan Air Sdn Bhd), has obtained approval for the listing of its equity shares on the Main Board of the Kuala Lumpur Stock Exchange (KLSE). Penang's Chief Minister,
      Bernama  -  205 words
    • Article
      Lock icon Megawati seen ready to give up supporting Abdurrahman
      544 9 JAKARTA Army warns against any more to oust the embattled president Reuters AFP AMID Indonesia's political turbulence and a warning on Thursday by the army against any unconstitutional move to oust embattled President Abdurrahman Wahid, signs are emerging that VicePresident Megawati Sukarnoputri
      Reuters; AFP  -  544 words
    • Article, Illustration
      Lock icon New landscape in M'sia's Chinese community
      1303 9  -  WRITER'S JOURNAL A realignment of the national political agenda has taken shape, In which politics Is no longer exclusively racial karim raslan THE temperature within the Chinese community in Malaysia is climbing, although the next general election is expected only in 2004 and, at
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    • Article, Illustration
      Lock icon Analysts fear China stock bubble
      673 12 Fond managers think stocks in A and B share markets may slump, causing widespread social nnrest Bloomberg [SHANGHAI] Chinese foreign-currency stocks, the world's best performers last year, are on track for an encore and that has some investors worried. The Shanghai B Share Index rose
      Bloomberg; AP  -  673 words
    • Article
      Lock icon New Taipei Cabinet by next Friday
      110 12 TAIPEI Bloomberg TAIWAN Premier Chang Chun-hsiung told Parliament he would reshuffle his Cabinet within a week as opposition lawmakers blasted the government for responsible for the waning economy. Mr Chang's pledge came after opposition parties called for the sacking of unpopular ministers, including the
      Bloomberg  -  110 words
    • Article
      Lock icon HK Budget to rise 10.8% to HK$252b
      670 12  -  Draft estimates of Budget address next week From Quak Hiang Whai in Hongkong THE Hongkong government plans to increase spending by HK526.6 billion (Ss6 billion) or 10.8 per cent in real terms to HK$252 billion in the coming fiscal year. Releasing the draft
      670 words
    • Article, Illustration
      Lock icon Citic Pacific will gain most from China's WTO entry: analyst
      472 12 OK CM sees Wharf as another good stock buy [SINGAPORE] Citic Pacific stands to benefit more than any other Hongkong conglomerate from China's entry into the World Trade Organisation (WTO), says a leading analyst from G K Goh Securities (Hongkong).
      ARTHUR LEE  -  472 words
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  • MOTORING
    • Article, Illustration
      Lock icon The shape of cars to come
      1475 10  -  adriait low takes readers on an express tour of the Geneva motor show ADRIAN LOW The writer is a freelance motoring journalist IF YOU'RE not a big fan of the stuff that cranes out of Detroit, then like the rest of the world, Geneva
      REUTERS; AP; AFP  -  1,475 words
    • Article
      Lock icon Indecent propulsion
      199 10 VWs upcoming Bigatti is touted as the world's most powerful sports car VOLKSWAGEN will start producing Bugattis in 2003, with the first product being an eight-litre, 16-cylinder, 1,001horsepower Veyron. The announcement was made at the Geneva Motor Show, confirming a BT article published three weeks ago. Although no
      199 words
    • Article, Illustration
      Lock icon Bread van that's going like hotcakes
      661 10  -  The Citroen Berlingo's versatility and excellent ride comfort are winning it fans everywhere By Christopher Tan IN A world where function follows form, the Citroen Beriingo comes as a bit of a shock. What's a vehicle that's shaped like a loti chia (bread van
      661 words
    • MOTORING page
      • Article, Illustration
        Lock icon Number One is on his car again
        1219 11 Michael Schumacher exults in the victory he gained for Ferrari last year, hopes to repeat it and feels a bit more Italian now REIGNING Grand Prix champ Michael Schumacher took time out to speak to the press recently. He fielded questions about his
        AFP  -  1,219 words
      • Article
        Lock icon COE small print fools many buyers
        248 11  -  Lam Jit Sien Singapore, via Internet I REFER to the various letters from dissatisfied buyers of new cars published in BT Motoring. My wife and I recently went through hell with a new Kia MPV purchased from Cycle Carriage. We were given a price
        248 words
      • BUMPER to BUMPER
        • Article
          Lock icon Lunfted cheaper Exxo,Mobil petrol
          68 11 BARELY two weeks after it stopped offering discounts at isolated stations, ExxonMobil yesterday said it was offering JO cents off every litre of petrol at all of its 84 stations on the island. Before you jump for joy, the offer is only for this weekend. Oil
          68 words
        • Article
          Lock icon GM takes stake in Russia's AvtoVAZ
          133 11 GENERAL MOTORS will invest US$lOO million (Ssl7s million) in a venture with Russia's AO AvtoVAZ to produce a compact sport-utility vehicle as it seeks to boost sales in Central Europe. Bloomberg reported that the companies are setting up a USsB33million venture to produce7s,ooo Niva
          133 words
        • Article
          Lock icon Bentley marks return to Le Mans
          91 11 VOLKSWAGEN-OWNED Bentley Motors has launched two variants to mark the brand's return to Le Mans after 71 years. Only 150 Bentley AraageLe Mans Series and 50 Bentley Continental R Le Mans Series can will be made. All in special Bentley green, they will sport
          91 words
        • Article
          Lock icon Renault's asseault Down Under
          90 11 RENAULT will start selling cars in Australia in May through Nissan dealerships. The aim is to sell 8,500 units this year and snare a 5 per cent market share by 2007. With this, Renault will boost its presence in the Asia-Pacific to hit annual sales 0f200,000
          90 words
        • Article
          Lock icon Two versions of Clio
          62 11 THE Renault Clio, among the best-selling hatchbacks here, is now available as a 1.4-litre automatic as well as a sporty two-litre RS. The first has a four-speed adaptive gearbox that matches its 16-valve 98-horsepower engine. The latter is a three-door with a muscular 172-horsepower engine. Both
          62 words
        • Article
          Lock icon Bus tracking system for Tibs
          106 11  -  Christopher Tan BUS operator Tibs has awarded French company Silicomp Asia an $11 million contract to set up an integrated bus operating system (Ibos). The first phase of the bus tracking and scheduling system was contracted last year. It will take about three years to
          106 words
      • Article
        Lock icon Motor traders give their side of COE story
        362 11  -  Michael Wong President Motor Traders Association Singapore WE refer to recent letters to The Business Times about COE practices by car distributors. The Singapore Motor Traders Association, whose members are responsible for more than 90 per cent of all new-car sales in
        362 words
      • Article, Illustration
        Lock icon Winning letter
        33 11 THE above letter written by K B Smith wins $100 worth of vouchers from Stamford Tyres. Mr Smith can claim his prize from Doris Yeo, 390 Kim Seng Road, sth Level.
        33 words
      • Article
        Lock icon Another bid that's too low
        93 11  -  Lam Hoon Leong Singapore, via Internet I REFER to Chionh Chye Kit's letter "Did Tan Chong bid in best interest of customers?" (Wheel Matters, Feb 24). I am in the same boat as he is. Tan Chong Motor bid for my COE around $21,996. The
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      • Article
        Lock icon Diesel vehicles inspected regularly
        202 11  -  Han Liang Yuan (Ms), Edward John Tailford WE refer to the letter "Inspect diesel vehicles more often" by Ong Yong Keat (Wheel Matters, Feb 24). With regards to Mr Ong's suggestion to increase the frequency of inspections for diesel-driven vehicles, we would like to inform him
        202 words
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      40 11 I' \ou have somet h r ig t*~e oest 'te- to WHEEL. We vicorne 'eetipac-v 1-■ Fsuggest cs The AUTOMOBILE ASSOCIATION OF SINGAPORE -r to :f sv,e- .v 0..:: TRANSPORT AUTHORS btlettercsph.com.sg do c .-'-e'atec: at c*s F-• Ev: STSIHFORDnees
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      800 12 I NOTICES Tn advertise call toll-tree 1800-741 1883 Fax No: 741 1298 ITm'.Tjl Tat Lee Finance Keppel Tat Lee Finance Limited (Incorporated in the Republic of Singapore) To All Holders of 51,429,853 Warrants issued by the Company in 1999 to subscribe for new ordinary shares in the Company ("Warrants 2001")
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      504 12 m THE MATTER Of THE COMPANIES ACT, CHAPTER 50 AND TECK WOON SENG PTE LTD (M MEMBERS' VOLUNTARY LIQUIDATION) Extract of the Minutes at the Extraordinary General Meeting of Teck Woon Seng Pte Ltd duly convened and held at Singapore Exchange 20 Cecil Street #12-02 03. Singapore *****5 on 17th
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  • WORLD news
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      Lock icon IMF sets up crisis-prevention int'l capital markets unit
      495 13  -  Bid te strengthen international financial architecture, says IMF chief From Catherine Ong in New York FOUR years after it was caught out by the Asian financial meltdown, the International Monetary Fund (IMF) said yesterday it had set up an international capital markets
      495 words
    • Article
      Lock icon M&As slow for second straight month
      544 13 NEWYORK Takeovers ran at just one-third of last year's pace Bloomberg MERGERS and acquisitions slowed for a second straight month as takeovers ran at one-third of last year's pace, souring stock-shocked technology, media and telecommunications companies on the idea of corporate marriages. Takeovers announced
      Bloomberg  -  544 words
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      Lock icon Euro zone consumer confidence dips again in Feb
      398 13 BRUSSELS Economic slowdown in other major countries filtering into Europe Reuters ECONOMIC sentiment in the 12-nation euro zone dipped more than expected in February, the European Commission said yesterday, adding to concern that the US and Japanese slowdown could spread to Europe.
      Reuters  -  398 words
    • Article
      Lock icon Documents show repeated faults at Schering drug plant
      423 13 NEW YORK NYT SCHERING-PLOUGH has repeatedly felled to meet government manufacturing standards in making many of its prescription drugs, including Claritin, its popular allergy medication, and Proventil, an asthma inhaler, according to federal and company documents that were disclosed on Thursday. The
      NYT  -  423 words
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      Lock icon Tom Cruise tops Forbes Celebrity 100 list
      483 13 NEW YORK AP MONEY isn't everything, right? Fame together with money is. Or so Forbes figures. Using a formula that combines the two, the magazine says Tom Cruise tops its latest Celebrity 100 list. Hollywood stars and athletes dominated the list, released on
      AP; FILE PHOTOS  -  483 words
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      Lock icon US banks fail to detect int'l money laundering
      539 13 WASHINGTON Senate panel points out specific cases of inadequate screening AFP, Bloomberg MAJOR US banks were taken to task here on Thursday as congressional investigators accused them of failing to take adequate measures against international money laundering. "The perpetrators of criminal schemes
      AFP,; Bloomberg  -  539 words
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  • FINANCE & commodities
    • Article
      Lock icon STI March contract up slightly
      261 14  -  SOX Derivatives TtaJlngßeport ST tadatfMSCl S'pore Index Wong Ann Chuen Refco Singapore THE Singapore stock market closed lower yesterday. The benchmark Straits Times Index shed 4.53 points or 0.24 per cent to close at 1,907.24 points with 21 counters advancing, 19 counters declining and 13
      261 words
    • Article
      Lock icon Futures close flat after strong opening
      214 14  -  MSCI Taiwan Index Joseph Lim Refco Singapore THE Taiwan stock market closed flat yesterday amid worries over an economic slowdown at home and aboard. The Taiwan index lost 0.16 of a point or 0.05 per cent to 251.02. Turnover for the Taiwan stock index
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      Lock icon CURRENCY REPORT
      212 14 Reuters THE euro capitalised on worries about Japanese and US stock performance yesterday, rising to six-week highs against the yen and threeweek highs against the US dollar. The euro posted its largest gains against the yen, and its rapid ascent above the psychological 110 yen level, a gain
      Reuters  -  212 words
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      Lock icon Untitled
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      1,045 words
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      Lock icon Untitled
      1512 14 SICOM FUTURES Mar2 ■WKl (hhm d*N M SJOpe) RSS 1 CONTRACTS c«ah/ke) On* Mm Opm mm w# i— satt tiiwn) win Apr 01 B2.50 100 H* ffi 104.50 800 JMOI 106.00 800 Jri/SapOl 107.50 750 RSS3C0NfMCT<USaot4l|> VoIhm OpM HMtk MMl Law Sett (Iohms) iitoirt Apr 01 5025 1750 May 01
      1,512 words
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  • STOCKS east asia
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      Lock icon Tokyo market's fall drags Hang Seng Index down
      2739 15 HONGKONG AFP P&uigSeog -3MJ3 HONGKONG share prices fell 2.7 per cent yesterday following a fall in the Tokyo market, dealers said. The key Hang Seng Index lost 394.13 points to close at 13,966.43 points on turnover of HK513.68 billion. Kenneth Tang, an
      AFP  -  2,739 words
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      Lock icon Nikkei plunges on more bad news
      1942 15 TOKYO AFP Qnua SHARE prices plunged 3.3 per cent yesterday to a new 15-year closing low amid growing concern over the Japanese economy and the nation's uncertain politics, brokers said. The Tokyo Stock Exchange's Nikkei--225 index lost 419.86 points to finish at the lowest
      AFP  -  1,942 words
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      Lock icon CHINA
      1028 15 Reuters Ha«Aaßliig +14J8 CHINESE investors pushed Shanghai B shares to a record high yesterday, ignoring warnings of the risks of putting money into the hard currency market. Worrying banks struggled to cope with the demand for US dollars. B shares surged to their 10 per cent daily limit for
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,028 words
    • Article
      Lock icon TAIPEI
      364 15 AFP QWPbdex -4L32 TAIWAN share prices closed marginally lower yesterday in lacklustre trade with most investors sidelined, analysts said. The Taiwan Stock Exchange Weighted Price Index slipped 0.32 points to 5,499.54 on turnover of NT566.78 billion. Decliners outpaced advancers 284 to 203, with 96 issues unchanged. "Investors were generally
      AFP  -  364 words
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  • STOCKS klse
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      Lock icon KL closes higher on support for blue chips
      393 16 AFP Index ♦LO7 MALAYSIAN shares closed 0.2 per cent higher yesterday on late support for blue chips, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended up 1.07 points at 703.07, off a low 0f696.89. The Second Board index lost 0.66
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      Lock icon Untitled
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      2250 17 BOMBS AWARBAMTS OHM lart M m 111—1 Hi ft* tart CM to Ml mm tm c—mm *m- cm> mm u» «aa* PW tawxi w» i%> u« 40 0.5 Acma ******4 0.S 0.3 1 1 413 1 300 462 107.00 4 23 2.3 t AHTach ******7 3 3 3 173 1
      2,250 words
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      Lock icon SEOUL
      296 17 AFP CI Compos te Index -]&M SOUTH Korean shares fell 3.2 per cent yesterday with the index down 18.66 at 559.44. Volume was 325.5 million worth 1.9 trillion won. —AFP Anem S#fTM 4000 -300 Brain Tee* 625 -100 Central Bank T70 0 Che« Comm >***** 3500 Da* Gu Bank
      AFP  -  296 words
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      Lock icon MANILA
      292 17 AFP nforcpostalpfa l *2177 PHILIPPINE share prices rose 1.7 per cent yesterday with the Philippine Stock Exchange Composite Index up 26.77 points higher at 1,596.97. Volume slumped to 480.5 million shares worth 494 million pesos from 588.96 million shares worth 734.24 million pesos on Thursday. —AFP jtorl Hm *b
      AFP  -  292 words
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      Lock icon WELLINGTON
      260 17 AFP H«BM» *14J3 NEW Zealand shares prices rose 0.8 per cent yesterday with interest in takeover target Fletcher Energy dominating the market, dealers said. The NZSE-40 Capital Index closed up 14.93 points at 2,000.56 on turnover of NZ$l6O.BO million. —AFP Mr I 1 *h CWW Advantage HOS L26 -0.0*
      AFP  -  260 words
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      Lock icon SYDNEY
      511 17 AFP PAnOrfimriM -14.70 AUSTRALIAN shares closed 0.4 per cent weaker yesterday after gains in the banking and financial sector failed to offset losses in other blue chip stocks, brokers said. The All Ordinaries index fell 14.7 points to 3,280.2 while the SP/ASX2OO eased 16.7 points to 3,333.4 National turnover
      AFP  -  511 words
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      Lock icon BANGKOK
      736 17 AFP O SET Mai -10J7 THAI shares shed 3.2 per cent yesterday in line with major regional markets and on local concerns over a lack of detail in government plans to buy bad debts from banks, analysts said. The Stock Exchange of Thailand (SET) Composite Index slumped 10.17 points
      AFP  -  736 words
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      Lock icon JAKARTA
      706 17 AFP QOnpootflbin ♦110 INDONESIAN share prices closed up 0.5 per cent yesterday, due to a technical rebound in major stocks, dealers said. The Jakarta Stock Exchange Composite Index closed up 2.10 points at 426.13 on 353.05 million shares valued at 252.04 billion rupiah. Trading volume was relatively thin, suggesting
      AFP  -  706 words
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  • Article
    Lock icon STOCKS sgx
    8001 18 SGX MAIMBO ARD Transaction date: Mar 2 Of 6r M Wt 52-Wk Last vol Day List Ouott Olv Mv VM Nat Cap Avg Hmi La» Sale__»A__J50«__HNh__J^w__l«rw__S««w__%__Cw__%_F/e__$^_Wee MULTHNDtfSTWY 153 51 me Ac ma 50c 53.5 -0.5 88 54.5 52.5 53 53.5 5 13 4.7 17 VI 54 41 Be
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  • The Arts
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      Lock icon Comic relief Comic relief
      1637 19  -  The 4th Singapore International Comedy Festival promises to tickle your funny bone by presenting almost all forms of comedy with 90% new acts from America, Britain, Australia and Switzerland.Ul-HOOM warms up for the nights of mirth CHEAH UI-HOON SOME funny people are coming to town. No,
      1,637 words
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      Lock icon Under one roof
      965 20  -  Film buffs can now enjoy their visual feast in one spot when the 14th S'pore Intl Film Festival screens its offerings at Golden Village Grand. SUSAM TSAMG finds out what are on the platter SUSAN TSANG CHANGES are afoot at the 14th Singapore International Film Festival. Instead
      965 words
    • Article, Illustration
      Lock icon Setting the stage for more support
      524 20  -  By Cheah Ui-Hoon WIT, as in speech and not the play, was the order of the night for the Straits Times' Life! Theatre Awards this past Monday. Along with lots of buoyant cheer and an undercurrent of earnest advocacy. Hosted ably by Media Works
      524 words
    • Article
      Lock icon Life! Theatre Awards
      87 20 Bast supporting actor Benjamin Ng, Titoudao by Toy Factory Theatre Ensemble Bast supporting actress: Pamela Oei, Mee Pok Man The Play, Fiction Farm Bast snsamMa acting: Asian Boys Vol 1, The Necessary Stage Best original script: Titoudao, Toy Factory Theatre Ensemble Bast production dssign: Titoudao, Toy Factory
      87 words
    • Article, Illustration
      Lock icon Savouring the arts in Hongkong
      892 20  -  Audiences at HK Arts Festival are treated to sensory pleasures ranging from the hypnotic rhythms of 'Dram Power' to the visual spectacle ofGokn' (The Monkey King) By Parvathi Nayar POSTERS right from the airport terminal let you know it's arts festival time in Hongkong. Even
      892 words
    • Article, Illustration
      Lock icon Looking forward to Philip Glass
      508 20  -  By Parvathi Nayar SINGAPORE Arts Festival 2001 promises a musical sound that will delight both worshippers at the Altar of the Exceptionally-Hip, as well as genuine fans of minimalist music. The musician in question, of course, is Philip Glass. From the mid-*****, he pared down
      508 words
    • New Asia Biz Woman
      • Article, Illustration
        Lock icon Crossing all boundaries
        1101 21  -  'Footsteps in the Nighf may be a first-time collaboration between Singapore's Act 3 and Belgian company Speelteater but both are equally committed to making good children's theatre. They share their views with ftOROW LYE AARON LYE PUT together two people from diverse backgrounds but with a common
        PHOTOS BY RICHARD CHNG  -  1,101 words
      • Article, Illustration
        Lock icon In the beat of the night
        498 21  -  Come next week, Velvet Underground turns into a stage for Dance Dimension Project's latest performance Cheah Ui-Hoon OBVIOUSLY this should not be taken as an indication of where the contemporary dance world is heading, but Dance Dimension Project goes underground next week. For esoteric
        498 words
      • Art beat
        • Article
          Lock icon Nokia Singapore Art 2001
          141 21 A bite-sized roundup of the weekly arts scene Artists are invited to submit their works for Nokia Singapore Art 2001, a biennial national visual art exhibition sponsored by Nokia and jointly organised by the National Arts Council, Singapore Art Museum and National Heritage Board. The theme
          141 words
        • Article
          Lock icon Take Art!
          155 21  -  Compiled bj Cheah Ui-Hoon The Singapore Tourism Board's (STB) launched its second annual arts marketing campaign this past Monday Take Art' which promotes 65 arts events held here from March until April. The campaign was launched simultaneously with the Life! Theatre Awards' ceremony at Fullerton Hotel. Both foreign
          155 words
    • Article, Illustration
      Lock icon THE PROGRAMME
      852 22  -  Compiled by Aaron Lye MUSIC Mad About Marie Flautist Mark Chan and a team of musicians perform with various eastern and western instruments to the "pulsing rhythms of world music" or the "surreal melodies of ambient music". March 11,5.30pm-7pm, Fort Canning Park. Admission is free First Symphonies Series/Rhapsody
      852 words
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      Lock icon SPOTLIGHT
      154 22  -  By, Aaron Lye The buzz: Shift, Flex, Listen, Feel, a solo exhibition of installation art by Saraswati Gramich, a lecturer with the department of graduate studies at Lasalle-SIA. Plot and players: Featuring a number of installation art works, the exhibition exemplifies "the notion and practices of interference by their
      154 words
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      871 22 IMB MV BiyWlllfrffßlß^^M^—l^M^—®* a News 5 Tonight 840 Papa (M/Drama). 242 To 6.00 am: Real-time 1040 J.A.G. 940 Seputlh Hatinya Se- Financial Data. &00 AM Kids Central: The iloo Jack JUI. merah Bibirnya. 1 Wiggles. LLOO MN VHI Pop Up VI- 1140 Ikatan Suci. ■■■■■HHK onn iS!!n a«h svwi. deoB
      871 words
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 2
      283 22 CR7PTIC CROSSWORD ACROSS leader in rage (7) 1 Buy stock In clothing (6) 7 Pert of red-hot element in the 4 Way to 'emees 'oree to vehicle buMng (5) in swindto (6-2) 8 WaMng stowfy to pay Singh, we 10 Moet of the ointment, nothing heer (6) else, it ueed
      283 words