The Business Times, 17 March 2001
This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.
2001-03-17
1
22
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section15 2001-03-17 1 THE BUSINESS TIMES MITA (P) 107/03/2001 SINGAPORE Internet: http://business-times.asial .com.sg/ SATURDAY, MARCH 17. 2001 85€15 words
-
Article80 2001-03-17 1 D ITU* (-21.74) nn-w mm sm (-8.16) nsrOQXEX FURIES mm 1,77L00 (-29.00) nSUSaFTTTTTRES mm 228J0 (-3.70) S1WX KilXET INDICES t Friday Change KL5E COMP .***** -386 NIKKEI 22ft *****16 +88.11 HANG SENG 13*22.04 +17.87 SET INDEX MM jw JAKARTA COMP _»M8 4M MANILA COMP +471 TAIPEI WPi 5,783.9380 words
-
Article79 2001-03-17 1 FOBEX BATES U8S St US8 (SI perUSS) 1.773 £fUS$/S$per£) —1.438 1M9 8809 J .593 DM 2.177 L228 YEN_. 122J 69.10 HI J8O0 1143 HK* 1.7ft 4399 BAHT 43.97 24 JO HUP1AH 19,311 M18 *8$ to 100 units PUKE SATES SINGAPORE* 580 KUALA LUMPUR „767 JAKARTA .3900 BANGKOK §jio MANILA79 words
-
Article, Illustration788 2001-03-17 1 Catherine Ong - Economists say Fed won't bridge unless there's compelling evidence of economy in dire straits From Catherine Ong in New York WITH each precipitous fall in share prices, Federal Reserve chairman Alan Greenspan is under growing pressure by Wall Street to go for biggerAP - 788 words
-
Article111 2001-03-17 1 Reuters [NEW YORK] Stocks dropped in early morning trading yesterday as technology giants Compaq Computer Corp and Oracle Corp painted glum profit pictures in the weak economy and an unexpected rise in consumer sentiment reined in hopes for steep interest-rate cuts. The Nasdaq Composite IndexReuters - 111 words
-
721 2001-03-17 1 Industrial ontpnt down for fifth straight month Bloomberg [WASHINGTON] US producer prices, excluding food and energy, declined more in February than at any time in sev-en-and-a-half years, as wholesale costs fell for cars and trucks, computers and paper. US industrial productionBloomberg - 721 words
-
572 2001-03-17 1 Andrea Tan - ÜBA landed for swift decision, which augnrs well for next New Downtown bid By Andrea Tan [SINGAPORE] The government surprised the market yesterday by awarding the first "white" site at the new Downtown in record time of three days from the close572 words
-
Page 1 Advertisements
-
Advertisement89 2001-03-17 1 msiPß Motoring Mercedes' fastest can the totally awesome CLK 55 AMG. Pg IB BT Comment Li Ka-shing and son, Richard U, share same Internet strategy. Pg 3 Top Stories Gus Dur sacks forestry minister. Pg 8 Singapore's non-oil export growth tipped to go downhill. Pg 7 New MAS captain to89 words
-
Advertisement38 2001-03-17 1 US economy: What a peculiar cycle, Pg 5 New ways to reward US companies'high-fliers, Pg 12 MAS: No worries overS'pore banks'exposure to Japan DBS shares hit 19-month low, Next Page dT f Estate of Roy Lichtenstein/Tyler Graphics Ltd38 words
-
Advertisement73 2001-03-17 1 Optus S3§3 Page 3 Pacific Carriers shares surge 51% on takeover offer Page 3 IjMfc mmm* p>jfiy jri^Kflosrft ™$£3wbt~*% *czT Mann* chronogi«DH in 850 platinum Self winq.ng movement with date calendar and subdial f~*)sjKa 7^-v for the seconds 30-minute and 12-hour totahzers Silvered gold d.al, hand-engraved on a rose J73 words
-
-
NEXT page
-
490 2001-03-17 2 Serena Ng - Selldown of bluechips over fears of "sushi effect', but govt says there are no systemic concerns By Serena Ng [SINGAPORE] The Monetary Authority of Singapore (MAS) pointed out yesterday there are no systemic concerns arising from the exposure of Singapore banks490 words
-
Article, Illustration535 2001-03-17 2 Siow Li Sen - Unfazed by this week's losses, they see stocks bottoming ont in next few months By Siow Li Sen [SINGAPORE] Undeterred by the markets' mauling this week, Goldman Sachs strategists in Singapore are pushing the "buy" theme and reiterating the view of535 words
-
Article, Illustration620 2001-03-17 2 Siow Li Sen - Group president confident of progress in slashing NPLs By Siow Li Sen [SINGAPORE] DBS Group Holdings' shares were further battered yesterday, sliding to a 19-month low even as its president said the bank should continue to make progress in reducing its badSource: Reuters - 620 words
-
Article, Illustration607 2001-03-17 2 Economic recovery appears to be pansing, says report AFP, Reuters [TOKYO] Japan's government yesterday downgraded its main economic assessment for the second month in a row, acknowledging for the first time that the world's second biggest economy was mired in deflation. The gloomy reportAFP,; Reuters; REUTERS - 607 words
-
-
Page 2 Advertisements
-
Advertisement93 2001-03-17 2 Since 1975 our worldwide staff of over multi-disciplined professionals > j JM including lawyers chartered accountants V chartered secretaries and bankers have i provided confidential and cost effective jM company formation in all the major low tax areas including Incorocralion Fees from USS500 The world's leading Florence Nath.in Offshore Company93 words
-
-
SINGAPORE companies
-
ON THE grapevine
-
Article159 2001-03-17 3 TRANSPORT operator Tibs has impressed the team scoring BT's Corporate Transparency Index (CTI). The company was transparent enough to tell us that it had extended the useful life of its buses from 8 to 12 years and taxis from 72 to 80 months. Depreciation is159 words
-
Article189 2001-03-17 3 THE prize for the most startling transformation of an annual report goes to (drum roll) ST Engineering. Its 1999 report looked just like any other annual report. And the photo of its senior management, with everyone from CEO Boon Swan Foo on down all wearing white189 words
-
Article100 2001-03-17 3 TIRED of queueing up in never-ending lines, an Orchard retailer started using OCBC's ATMs for depositing her daily takings. She was horrified that the machine counted the cash $200 short. Fortunately, the ATM has a feature for the user to confirm the figure before swallowing100 words
-
-
223 2001-03-17 3 Biggest one-day gain underpinned by Knok's offer plans Bloomberg PACIFIC Carriers Ltd, a Sin-gapore-listed marine transport company, rose 51 per cent, its biggest ever one-day gain, after the company said Hovert Investments Pte is making a takeover offer. Hovert, represented by DBSBloomberg - 223 words
-
290 2001-03-17 3 Results helped by high-quality niche paper products DESPITE lower paper prices and higher raw material prices. United Pulp and Paper Co (UPP) yesterday posted a 9 per cent increase in net profit for the year 2000 to $3.93 million. It290 words
-
817 2001-03-17 3 loh hui yin - loh hui yin tIKE father, like son. Richard Li would probably wince at that comparison with his father, Hongkong tycoon Li Ka-shing, considering that he has always wanted to strike out on his own. He came close to stepping out of his father's817 words
-
813 2001-03-17 3 Teh Hooi Ling - The Optus saga It had a third of the market at the end of September last year By Teh Hooi Ling SINCE opening for business on Jan 31, 1992, Australia's Cable Wireless Optus has had most success in the mobile phone market. At the813 words
-
326 2001-03-17 3 Serena Ng - Manufacturing and retail offset decline in sales by trading division, it says Bk Serena Ng INDONESIAN-linked Singapore food firm QAF yesterday reported a 9 per cent rise in FY2OOO net profit to $16.4 million on a 6 per cent increase in turnover326 words
-
COMPANY Briefs
-
Article80 2001-03-17 3 THINLY-TRADED Sea View Hotel has narrowed its loss from $1.3 million to $871,000 for the half-year to Dec 31. Turnover was up 48 per cent to $9.2 million, thanks to better hotel performance and increased trading in computer products and securities. Loss per share improved80 words
-
Article95 2001-03-17 3 CONSTRUCTION group Hua Kok International said net earnings dived 87 per cent to $494,000 for the half-year to Dec 31 because of lower margins in its construction business and lower selling prices in the manufacturing arm. Turnover was up 22 per cent to $73.295 words
-
Article110 2001-03-17 3 EASTERN Publishing reversed into a loss of $2.8 million for the year ended Dec 31 from a net gain of $725,000 previously, dragged into the red by, among other things, closure of its unprofitable portals and e-commerce sites, goodwill related to unprofitable titles and110 words
-
-
COMPANY Briefs
-
95 2001-03-17 6 SERIAL Systems yesterday moved to plug the void left by the exodus of its top management. It has assigned finance manager/company secretary Alex Wui and Shenzhen-based Jacki Li to cover the duties of chief financial officer Goh Boon Hwa and sales manager Ng Kay95 words
-
Article68 2001-03-17 6 LION Teck Chiang Ltd posted a net loss of $486,000 for the six months ended December, reversing an earlier gain of $735,000. Earnings per share of 47 cents turned into losses of 31 cents while net tangible asset per share edged up to 92.968 words
-
Article75 2001-03-17 6 TPA Strategic yesterday reported flat earnings at $3.4 million on turnover of $31.3 million, up 8 per cent. It said earnings per share climbed from 3.4 cents to 3.41 cents while net tangible asset per share doubled to 14.66 cents against 7.12 cents. No dividend75 words
-
83 2001-03-17 6 WAH Shing International issued a profit warning yesterday, saying it has to make a significant provision for doubtful debts to the tune of about HK$33 million (557.5 million). The group said a customer has encountered financial difficulties and might not be able to settle83 words
-
Article86 2001-03-17 6 INTERNATIONAL Factors (Singapore) yesterday reported a 12 per cent decline in profit to $3.1 million, while turnover dipped 3 per cent to $28.7 million. Earnings per share fell to 3 cents against 3.4 cents previously while net tangible asset rose to 74 cents from86 words
-
Article138 2001-03-17 6 BOOSTED by provision write backs, shipbuilder Pan United Corporation almost doubled full-year 2000 net profit to $10 million. But profit before extraordinary items fell 13 per cent to $7.8 million as turnover slipped 9 per cent to $178.7 million because of lower shiprepair volume. The138 words
-
-
372 2001-03-17 6 Marissa Chew - Previous half-year figure had been propped up by sale of Century Square By Marissa Chew FIRST Capital Corporation yesterday posted net earnings of $29.6 million for the half-year to Dec 31, down 40 per cent from the same period the year before. The372 words
-
Article, Illustration296 2001-03-17 6 It says the five local lenders had only minimal exposure to troubled company Bloomberg SINGAPORE'S central bank said the city-state's five lenders had small exposure to Asia Pulp Paper Co, which stopped repaying debt this week, and it was not a matter of concern.Bloomberg; FILE PHOTO - 296 words
-
183 2001-03-17 6 Eugene Low - By Eugene Low WBL Corporation has applied to list its subsidiary M-Flex Singapore (MFS) on the Singapore Exchange mainboard. MFS was supposed to be floated last year, but WBL said in August that it was postponing the listing to the183 words
-
-
Page 3 Advertisements
-
Advertisement200 2001-03-17 3 You've found a way to succeed. Now learn to find another. of Michigan Mi us in Asia 2001 to fM sobrtiom ft to fsv bashes* problem B Tbt Micbigaa Bwbuii School ml 75 y*n history debveriag effective sotobwn to top business executives Singapore Corporate financial Management April 23 27, 2001200 words
-
-
SINGAPORE markets
-
Article486 2001-03-17 4 Stock* Volume Frontline 5c 61,898,000 People's Food HGK 50c 29,481,000 Lantom US2c 19,807,000 PCL50C— 18,694,000 SingTel 15c 16,723,000 PadficCenturylOc 16,424,000 TTLHUgslOc *****,000 Integra 5c t1,925,000 Golden Agri US10C 10,866,000 Omni Ind 10c 7,418,000 Stocks DBSGip 71,741,898 SingTel 15c 40,097,460 PCL50c 24,637,880 UO0 23,649,904 City Dev 50c 18,931,028 Omni Ind 10c486 words
-
Article, Illustration623 2001-03-17 4 r. sivanithy - STOCKS r. sivanithy WALL Street may have appeared to stabilise on Thursday, but local players were not prepared to take any chance yesterday on the US market recovering soon. Instead, they sold down blue chips like SLA, SPH and Singapore Telecom,623 words
-
Article, Illustration205 2001-03-17 4 R Sivanithy - WARRANT WATCH By R Sivanithy SINGAPORE Telecom's bid for Australia's Cable Wireless Optus (CWO) may be weighing on SingTel's share price, but it's having the opposite effect on CWO shares, which have risen from around A 53.80 a week ago to205 words
-
Article, Illustration247 2001-03-17 4 Serena Ng - HOT STOCK By Serena Ng THE stock of Nat Steel Broadway (NBL) eased yesterday after parent Nat Steel Ltd said it had not found a serious buyer for the contract manufacturer. As a result, NBL closed five cents lower at $2.63 on volume of 400,000. The247 words
-
Article122 2001-03-17 4 UNITED Overseas Land Ltd will go ex-dividend (first and final dividend of 7.50 cents) on May 28,2001. Last day for buying-in on a cum basis is on May 31,2001. Date payable is on June 12,2001. ♦SINGAPORE Food Industries Ltd will go ex-dividend (first and final dividend of 2.50122 words
-
Article, Illustration338 2001-03-17 4 larry wee - CURRENCIES larry wee THE US dollar exploded again in Asian trading yesterday, as the Japanese yen fell sharply on yet more confusion out of Tokyo. The euro also crashed ignominiously below crucial psychological support at 90 US cents. Despite the Nikkei closingSource: Reuters - 338 words
-
-
Page 4 Advertisements
-
Advertisement912 2001-03-17 4 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 i Know the difference? An extra stroke, a whole new meaning. Learn Chinese with help from the experts. Find a tutor in Lianhe Zaobao Classified. I ELTECH ELECTRONICS LIMITED Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that912 words
-
-
AMERICA'S! economy
-
Article, Illustration3187 2001-03-17 5 For 10 years, America has enjoyed a remarkably prolonged economic expansion. Does the New Economy have a new kind of business cycle? AMERICA'S economic expansion is already by far the longest in its history. If the economy proves to have grown during the first quarterPRUDENCIO MIEL JR/ST; Source: Thomson Financial Datastream national statistics: OECO; Source: Goldman Sachs - 3,187 words
-
-
Article5047 2001-03-17 6 NttHfB CPS Muitl-Chem Feb 22 P 9.107 7.881 3.00 239 D«» TY LY TY LV NM Hldgs Mar 15 P 2.8641 4.658 1.91 3.43 Company inn ($m) ($m) (ct») (cts) Nat Broadway Mar 15 P 46.457 42 964 23.0 21-2 Nam Lm OKQ P 5.223 6J795,047 words
-
Page 6 Advertisements
-
SINGAPORE news
-
505 2001-03-17 7 Chuang Peck Ming - Analysts do not expect to see a recovery until at least the second half By Chuang Peck Ming GROWTH in non-oil domestic exports, likely to have continued in February, was expected to have slipped from the previous month. And analysts contacted yesterday generally505 words
-
Article336 2001-03-17 7 Anna Teo - By Anna Teo SINGAPORE interbank rates should fall to 1.5 per cent after the next cut in US interest rates, and remain at that level until the Monetary Authority of Singapore (MAS) announces its next monetary policy directive, said Morgan Stanley Dean Witter's regional336 words
-
Article, Illustration198 2001-03-17 7 WAH Khiaw Developments is launching its freehold Wilkie Regency apartments near Mount Sophia this weekend at an average price of $850 per sq ft. The 30 two-bedroom apartments, from 818 to 893 sq ft, range from $688,000 to $750,000 in price. Wah198 words
-
Article, Illustration360 2001-03-17 7 Donald Urquhart - IMO will work towards a regional anti-piracy pact By Donald Urquhart A "dramatic worsening" of maritime piracy in the region showed that unilateral action by individual states was not enough, a top International Maritime Organisation (IMO) official said yesterday. NotingRICHARD CHNG - 360 words
-
Article198 2001-03-17 7 Book to be spearheaded by STs Life! section READERS with a love of the theatre can help with a new book planned by Singapore Press Holdings. The Life! section of The Straits Times is spearheading the book, which traces the development of theatre in198 words
-
Article, Illustration1042 2001-03-17 7 Leon Hadar - No major opposition from US political or business groups From Leon Hadar in Washington THE proposed US-Singapore Free Trade Agreement (FTA) is not facing any major opposition from American political or business groups, leaving only minor differences to be ironed out,1,042 words
-
Article114 2001-03-17 7 Tan Teow Tee (Ms), Christopher Ee - MAii_nr?TJi Tan Teow Tee (Ms), Christopher Ee WE refer to the letter "CPF Minimum Sum Scheme: rules are inconsistent" by William Cai Tiancai (Mailbag, March 6). Mr Cai queried the rationale of the need to set aside the Minimum Sum before CPF savings can be used114 words
-
Article340 2001-03-17 7 Narayana Narayana Singapore via Internet - Narayana Narayana Singapore via Internet I REFER to your article "SGX reviewing Sesdaq's role: B G Lee" by Siow Li Sen (BT, March 13). Your article suggests that the shelf-life of Sesdaq is nearing its expiry date. Whatever its fate in the future may be,340 words
-
-
REGIONAL news
-
Article, Illustration718 2001-03-17 8 Shoeb Kagda - His supporters hold 3 lawmakers hostage, demand withdrawal of censure memo From Shoeb Kagda in Jakarta INDONESIAN President Abdurrahman Wahid yesterday sacked a second minister in the space of two months in a desperate bid to bolster his government asREUTERS - 718 words
-
Article, Illustration1117 2001-03-17 8 karim raslan - Help them with a reorientated NEP with income as the qualifying factor, not race WRITER'S JOURNAL karim raslan LAST week's tragic clashes in Kampung Medan in Kuala Lumpur have reminded Malaysians of the fragility of the country's race relations. While the nation has matured considerably1,117 words
-
348 2001-03-17 8 KUALA LUMPUR Reuters MALAYSIA kicked off a US$2.4 billion (554.2 billion) hydroelectric project on Borneo island by inviting five companies to tender for work on a coffer dam to divert a river while the main dam is built. The governmentReuters - 348 words
-
381 2001-03-17 8 Harish Mehta - Unit falls to 43.99 against US$; stocks lowest since Jan From Harish Mehta in Bangkok THE Thai baht tumbled to a three-month low yesterday, dragging the stock market down with it to its lowest level since Prime Minister Thaksin Shinawatra came381 words
-
Article, Illustration468 2001-03-17 8 KUALA LUMPUR But, for current FT, he warns of ionsy numbers' THE new management of Malaysian Airline System (MAS) has vowed to turn the ailing carrier around within two years in order to make it more attractive to a foreignFILE PHOTO - 468 words
-
243 2001-03-17 8 MANILA AFP INVESTIGATORS yesterday prepared possible indictments against deposed Philippine leader Joseph Estrada for massive graft as a judicial stay that temporarily shielded him from arrest neared its expiry date. Deputy ombudsman Margarito Gervacio said his office was preparing a formal report of its investigationAFP - 243 words
-
Article, Illustration630 2001-03-17 9 NEW DELHI Trading ban on top exchange officials; probe uncovers evidence against 20 broking companies Reuters INDIA'S national securities watchdog banned share trading by stock exchange presidents, vice-presidents and treasurers to boost confidence in domestic markets rocked by payment and scandalReuters - 630 words
-
528 2001-03-17 9 YOGI AGGARWAL - COMMENTARY Treating symptoms is no cure for a deep-rooted problem, says YOGI AGGARWAL YOGI AGGARWAL [BOMBAY] THE Indian stock market is no stranger to crises. This week another major crisis seemed to knock the market off its feet, sending investor confidence reeling. A sordid528 words
-
271 2001-03-17 9 BEIJING AFP A TOTAL of four explosions ripped through apartment blocks in the northern Chinese city of Shijiazhuang yesterday, killing up to 200 people, a Hongkong-based human rights groups said. A statement from the Information Centre for Human Rights andAFP - 271 words
-
Article, Illustration253 2001-03-17 9 CANBERRA Reuters WORLD Trade Organization chief Mike Moore yesterday said he believed China would be a member of the trade body before WTO ministers next meet in Qatar in November, despite stumbling blocks over agriculture and services. "It is an accession that isReuters; AFP - 253 words
-
243 2001-03-17 9 NEW DELHI Reuters A KEY partner of India's coalition government called yesterday for two key figures in the Prime Minister's Office (PMO) to step down over an arms bribery scandal. Prabhunath Singh, a leader of the regional Samata Party, told Reuters hisReuters - 243 words
-
168 2001-03-17 9 NEWDELHI Reuters INDIA'S HDFC Bank has been asked by the Calcutta Stock Exchange to pay 20 million rupees (S$780.000) on behalf of defaulting brokers, the chairman of the bank's largest shareholder said yesterday. "On the Calcutta Stock Exchange there is a defaultReuters - 168 words
-
680 2001-03-17 9 Quak Hiang Whai - From Quak Hiang Whai in Hongkong ARE financial news portals really newspapers? What exactly are newspapers these days anyway? A row is brewing between financial news portal Quamnet News Service and the Stock Exchange of Hongkong which has refused to recognise the680 words
-
-
Page 8 Advertisements
-
Advertisement340 2001-03-17 8 I NOTICES To advertise call 1011-free 1800 741 1883 Fax No 741 *****1 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF HSBC MORTGAGE AND FINANCE (SINGAPORE) LIMITED (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the340 words
-
-
Page 9 Advertisements
-
Advertisement285 2001-03-17 9 As Result of D.C. Suit No. 4562 in the Subordinate Courts of Singapore MAJOR REPOSSESSION AUCTION A Large Number of Very High Value Connoisseur Art Assets selected from Private Wealth Collection of one of world's oldest and most exclusive specialists in rare antique Eastern carpets and textiles Confiscated under Preventive285 words
-
-
e-NEWS
-
Article, Illustration423 2001-03-17 10 DALLAS It will also merge its commercial and consumer PC divisions NYT COMPAQ Computer Corp said on Thursday that it would cut s,ooojobs and predicted that first-quarter earnings per share would be about one-third lower than expectations. Analysts said the announcementNYT - 423 words
-
441 2001-03-17 10 SAN FRANCISCO It expects flat Q4 revenue growth from licensing software NYT ORACLE Corp reported earnings on Thursday that met the lowered projections the company warned investors about two weeks ago. And, blaming a weak economy, the company forecast that its fortunesNYT - 441 words
-
Article, Illustration267 2001-03-17 10 AFX-Asia [LONDON] Carly Fiorina, chief executive of Hewlett-Packard Co (HP), is predicting a huge new wave of technology spending much larger than the last, the Financial Times cited her as saying. She also said HP may announce a new partnership as earlyAFX-Asia; FILE PHOTO - 267 words
-
526 2001-03-17 10 TOKYO Five firms cite poor demand for IT products for the cots Reuters JAPAN'S five big chipmakers will cut semiconductor-relat-ed capital spending by about 20 per cent in the business year starting in April as demand in the information technology sectorReuters - 526 words
-
189 2001-03-17 10 LOS ANGELES Reuters SHARES of computer chip maker Rambus Inc lost nearly 32 per cent of their value on Thursday amid reports that a negative court ruling on its patents could cut into its royalties, a significant portion of its revenue. TheReuters - 189 words
-
-
Page 10 Advertisements
-
Advertisement1571 2001-03-17 10 O INTERNATIONAL FACTORS (SINGAPORE) LTD (Incorporated in the Republic of Singapore) FULL YEAR FINANCIAL STATEMENT AND DIVIDEND ANNOUNCEMENT The Board of Directors of International Factors (Singapore) Ltd wishes to announce the Mowing unaudited results of to Group and of to Company lor to year ended 31 December 2000 Group Company1,571 words
-
-
WORLD news
-
499 2001-03-17 11 NEWYORK Questions of control and price take their toll on the complicated deal Reuters RUPERT Murdoch's News Corp Ltd is ready to walk away from its deal to merge its satellite operations with Hughes Electronics Corp's DirecTV amid a struggle over controlReuters - 499 words
-
Article, Illustration487 2001-03-17 11 VIENNA Details on magnitude of the cnt will be released later Bloomberg THE Organisation of Petroleum Exporting Countries had agreed to its second cut in oil production this year, Iran's Oil Minister Bijan Namdar Zanganeh said after officials met toBloomberg; AP - 487 words
-
338 2001-03-17 11 FRANKFURT Analysts too say the newspaper report is hard to believe Reuters DEUTSCHE Bank and Dresdner Bank have revived talks aimed at a merger or cooperation, almost a year after a first attempt at merger collapsed in acrimony, German daily Bild saidReuters - 338 words
-
198 2001-03-17 11 Reuters [TOKYO] Sega Corp said that its outspoken president, Isao Okawa, who recently grabbed media headlines for his 85 billion yen (SSI.2 billion) private donation to the struggling gamemaker, died of heart failure on Friday. He was 74-years old. When SegaReuters - 198 words
-
710 2001-03-17 11 NEW YORK More firms may post drop in bottom line, say analysts Reuters INVESTORS already reeling from the stream of bad news hitting Corporate America are in for another nasty surprise as plunging stocks erode pension fund gains that have supportedReuters - 710 words
-
426 2001-03-17 11 TOKYO Bloomberg, Reuters TOYOTA Motor Corp bought a stake in DaiTokyo Fire Marine Insurance Co and raised its holdings in affiliate Chiyoda Fire Marine Insurance Co through share placements, as Japan's biggest automaker furthers its move into financial services. Toyota on ThursdayBloomberg,; Reuters - 426 words
-
Article, Illustration249 2001-03-17 11 ATLANTA Bloomberg COCA-COLA Co, the largest soft-drink maker, says it will start selling an orange juice that isn't made from concentrate, to compete with rival PepsiCo Inc's Tropicana Pure Premium. Coca-Cola's Minute Maid unit will introduce Simply Orange juices in May in Boston,Bloomberg - 249 words
-
Article, Illustration731 2001-03-17 12 NEW YORK With share prices down, companies are finding new ways to reward their high-fliers FT LAST year may turn out to have been a watershed in compensation for US chief executives, but they are certain to remain the best-paid corporate officers in theFT - 731 words
-
Article, Illustration746 2001-03-17 12 NEW YORK Property frenzy gives way to caution on'lag effect'worry Bloomberg INVESTMENT banker Alan Krouk, who was about to trade up to a 1,200-square-foot, U*****,000 (551.15 million) Upper East Side apartment in September, pulled out of the transaction at the last minute. TodayBloomberg; REUTERS - 746 words
-
187 2001-03-17 12 WASHINGTON Reuters FEDERAL securities regulators are investigating about half a dozen companies for possible violations of the Fair Disclosure rule which requires companies to disclose information to all investors at the same time, a top official said on Thursday. Stephen Cutler, deputyReuters - 187 words
-
540 2001-03-17 12 WASHINGTON Top OECD official feels slowdown won't last and growth will bonnce back Reuters THE Bush administration is quietly encouraging Congress to stimulate the economy with a significantly larger tax cut this year, even if that means pushing the priceReuters - 540 words
-
558 2001-03-17 12 WASHINGTON Senate move will end advantage debtors had in dealings with credit card firms Bloomberg THE US Senate passed legislation to overhaul federal bankruptcy law, capping years of effort by Citigroup Inc and Bank of America Corp to stem personal bankruptcy filings thatBloomberg - 558 words
-
229 2001-03-17 12 WASHINGTON Bloomberg FIFTY US Congress members have called on President George Bush to release all documents related to negotiations on a landmark freetrade accord that would span the Western Hemisphere. The lawmakers said in a letter on Thursday that the documentsBloomberg - 229 words
-
-
FINANCE & commodities
-
Article254 2001-03-17 13 Wong Ann Chuen Refco Singapore - SGX Derivatives Trading Report OT Index/MSCI SPpore Index Wong Ann Chuen Refco Singapore THE Singapore stock market dropped to a near two-year low, led by computer-related stocks. The Straits Times Index fell 21.74 points or 1.21 per cent to close at 1,772.10 points with seven254 words
-
223 2001-03-17 13 Joseph Lim Refco Singapore - Joseph Lim Refco Singapore THE Taiwan stock market rose yesterday on the back of bullish financial stocks. The MSCI Taiwan stock index gained 1.39 points or 0.53 per cent to finish at 262.23 points. Turnover increased to 1.33 billion. The rise was broader with 43223 words
-
Article209 2001-03-17 13 Reuters London THE dollar hit 22-month highs against the yen and three-month highs against the euro yesterday as investors fled from global equity turmoil into dollar-denomi-nated bonds. Recent falls in global equities have spurred interest in safe-haven US Treasuries and better-rated dollar-denomi-nated corporate bonds, analysts said. This hasReuters - 209 words
-
Article, Illustration1247 2001-03-17 13 DTTERBAMI CROSS RATES Mar 16 C$ Kmb Euro Ffr Pwi HK$ Ind »s Bupnh Yen Won BM WZS P* »s Pto SS Bawd Sfr NT$ BaM Pow4 US$ Australia 0.770 4.097 0.549 3.602 1.075 3.850 23.039 50.920 0.605 6.377 1.876 1.*****.829 23.954 0J75 3.872 0.845 16.128 ***** 0.343 0 4941,247 words
-
Article1937 2001-03-17 13 8IC0M FUTURES Mar 16 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACT <S cents/kg) Close Volume OpM Month High Low Sttt (tonnes) Interest Apr 01 100.50 100.50 101.00 300 500 May 01 102.50 800 Jun 01 104.00 800 Jul/Sep 01 105.00 750 RSS 3 CONTRACT (US cents/kg) Volume Open Month1,937 words
-
-
Page 13 Advertisements
-
Advertisement19 2001-03-17 13 Someone keen on expanding horizons. Someone who will relish the responsibilities. the edge in TbeStraitsTiiDes Call 1800 741 188319 words
-
-
STOCKS east asia
-
Article, Illustration2897 2001-03-17 14 HONGKONG AFP Q Hang Seng »17<87 HONGKONG share prices closed 0.1 per cent higher yesterday after what proved a volatile day's trading, helped by a technical rebound in financial stocks, dealers said. The key Hang Seng Index gained 17.87 points toAFP - 2,897 words
-
2100 2001-03-17 14 TOKYO AFP Qffikkd22s *0025 SHARE prices in Tokyo rose 0.7 per cent yesterday as investors took heart from government efforts to prop up the troubled market and accelerating moves by banks to write off bad loans, brokers said. The Nikkei-225 Index gained 80.15 pointsAFP - 2,100 words
-
Article, Illustration1098 2001-03-17 14 Reuters PShenzhenßlndex *834 SHANGHAI B-shares fell 0.9 per cent yesterday as mainland speculators continued to cash in on earlier gains, dealers said. The B-Share Index lost 1.15 points to 132.27 on turnover of 1.56 billion yuan. The A-Share Index inched down 2.19 points, or 0.1 per cent, to 2,122.83Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 1,098 words
-
Article391 2001-03-17 14 AFP £IWP Index +4U9 TAIWAN share prices closed 0.7 per cent higher yesterday on buying of financial stocks on anticipation of interest rate cuts by the US Federal Reserve early next week, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 41.19 points to 5,783.93, on turnover ofAFP - 391 words
-
-
Page 14 Advertisements
-
STOCKS klse
-
Article9373 2001-03-17 15 INDUSTRIALS ConsMMf products 2001 Last Vat Day Net Cap High Law Company Sale 'OOP High Lew HI Smil 340 300 Afinomoto 308 *****1 9 3 124.8 45 30 Angkase 31 unch 29 31 30 45.7 342 286 Aoo*o food Hl« 3tO unch 2 310 310 6.7 124.0 356 308 Asia9,373 words
-
Article, Illustration431 2001-03-17 15 AFP POomnoate Index -XBS MALAYSIAN shares closed 0.6 per cent lower yesterday in dull trade ahead of the weekend, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 3.85 points to finish at 672.01. The Second Board Index fell 0.26 point toAFP - 431 words
-
-
Page 15 Advertisements
-
Advertisement61 2001-03-17 15 1m V I I N "T*unr Oncol Unrs I j™„_i I INVESTMENT POrrKXJO |t«y» II I BfIHQHI I I Wnco «TTi M I J II I IPO. Shares. Bonds. Stocks. Annual Reports. Whatever you're offering, we help you reach out to 86.7% of all adults In Singapore daily. The Straits61 words
-
-
SGX clob & regional stocks
-
Article2662 2001-03-17 16 BONDS A WARRANTS Mart6 Wt Wrwti PnmJ UMn "l** <W Day laaMaete nuM Cm Eur Mac mm N* la. C«w», s*. N* La. Mte P*. MUMk Ma Sot* Ml 40 0.5 Acma ******4 0.5 1 1 41.0 1 300 483 ***** 4 23 2.5 S AHTech ******7 3 2.5 32,662 words
-
Article308 2001-03-17 16 AFP n Composite Index -3J6 SOUTH Korean shares fell 0.6 per cent or 3.16 points to 538.67 yesterday. Volume was 330 million shares worth 1.4 trillion won. AFP Hm 16 Hwi Ar\«m Sotni 4>00 -20 Br cm TocH 600 -10 Control Bank 170 urtch Cr>*il Comm *****0 1500 DmAFP - 308 words
-
Article285 2001-03-17 16 AFP |3 Composite Index +6.71 THE Philippine Stock Exchange Composite Index added 6.71 points to 1,498.32 yesterday, as shares rose on a technical rebound after slumping for more than a week, analysts said. Turnover fell to 404 million shares worth 302 million pesos. —AFP Hm *h (tm Abacus ConstructionAFP - 285 words
-
Article262 2001-03-17 16 AFP QHZSE-40 NEW Zealand stocks closed 0.4 per cent higher yesterday with a mid-week rate cut continuing to boost the market amid sustained interest in Telecom, dealers said. The NZSE-40 Capital Index rose 8.85 points to 2,099.06 on heavy turnover of NZ$2O2 million.— AFP Martt MS (000) A3v»nta(j* HOSAFP - 262 words
-
Article555 2001-03-17 16 AFP F1 All Ordinaries +8.7 AUSTRALIAN share prices closed 0.3 per cent higher yesterday, even though recent market volatility ensured most investors stayed on the sidelines, brokers said. The All Ordinaries Index closed 8.7 points higher at 3,197.1 and the benchmark SP/ASX2OO gained 9.5 points to 3,252.4. The AllAFP - 555 words
-
Article, Illustration751 2001-03-17 16 AFP H SET Index -3JO THAI share prices fell 1.0 per cent yesterday in thin trade with most investors on the sidelines ahead of a meeting of the US Federal Reserve next week, dealers said. The Stock Exchange of Thailand (SET) Composite Index fell 3.10 points to 293.00 whileAFP - 751 words
-
Article, Illustration756 2001-03-17 16 AFP P Composite Index -&34 JAKARTA share prices closed 1.6 per cent lower yesterday on the back of continuing political concerns and on-going rupiah weakness, dealers said. The currency's weakness, which is largely the result of clashes between supporters and opponents of President Abdurrahman Wahid, has particularly weighed onAFP - 756 words
-
-
Page 16 Advertisements
-
Advertisement11 2001-03-17 16 Bringing THE ARTS to another level The Business Times every Saturday11 words
-
-
Article9893 2001-03-17 17 mm ifH.1—»jiKftli iii' r <ff f j\ iiiii rrn—rf'tintmr rv~~" j --TmriiMm-''M n r r SGZ MAZNBO ARB Transaction date: Mar 16 52-Wk Last Vol Day Last Quote Div Wv VM Nat Cap *»g MHI> Law Cimpaeiy Sate COOO> HH» Law Buyac SaMaf C'vr P/t $m6 Ertca MULTHNOUSTRY9,893 words
-
Page 17 Advertisements
-
Advertisement8 2001-03-17 17 Communication Tools Just imagine life without them. sd^nwiiL8 words
-
-
MOTORING
-
Article, Illustration701 2001-03-17 18 CHRISTOPHER TAN - CHRISTOPHER TAN gets high with the CLK 55 AMG, Mercedes' quickest production car CHRISTOPHER TAN YOU would think being in a 350-horse-power sports car that flies at quarter-Mach might make one feel like an eunuch in the Lakers locker room: a tad inadequate. Especially if701 words
-
164 2001-03-17 18 Denis Distant Singapore, via Internet - Denis Distant Singapore, via Internet THE communications IT minister told Parliament on March 9 that "the five-year extension of COE is basically an option for owners who want an extension but feel their cars may not last up to 20 years". Where did the164 words
-
82 2001-03-17 18 Chang Choon Fong Singapore, via Internet - Chang Choon Fong Singapore, via Internet I REFER to recent discussions on vehicle modifications in BT Motoring. My question is: "Why are foreign cars with bull-bars allowed to ply here?" I have seen several of these vehicles particularly MPVs and vans on our roads.82 words
-
416 2001-03-17 18 AP [DETROIT] Call it Napster meets Henry Ford. The race is on to market in-car audio systems that will end the behind-the-wheel fumbling for cassette tapes or CDs, by storing and playing files in the MP3 format. Among pioneering systemsAP - 416 words
-
225 2001-03-17 18 Edward John Tailford - Edward John Tailford for Permanent Secretary Ministry of the Environment WE REFER to the letter "What about rules for diesel equipment?" by Tio Ngee Huan (Wheel Matters, March 10). We would like to inform your readers that emissions from off-road diesel engines are subject225 words
-
Article, Illustration334 2001-03-17 18 Michael Wong - Michael Wong president Motor Traders Association of Singapore Singapore WE refer to the letter "Dealers make promises they don't keep" (Wheel Matters. March 10) concerning motor dealers' obligations and trade practices. Our association published a new car-buying guide in December 1999FILE PHOTO - 334 words
-
Article208 2001-03-17 18 Goh Lam Ee Singapore, via fax - Goh Lam Ee Singapore, via fax FRUSTRATION has driven me to write this letter to register my unhappiness over the unacceptable behaviour of those I term "Right-lane Expressway Crawlers". I'm on the road every day and I'm a heavy user of our welldesigned expressways. Sad to208 words
-
BUMPER to BUMPER
-
61 2001-03-17 18 CYCLE CARRIAGE will launch two new Kia models next week. First, the Optima, available with a 2.0-litre four-cylinder engine or a 2.5-litre aluminium V 6. Buyers will have a choice of three transmission models, including a sporty one-touch fast shift. Next, the Spectra61 words
-
Article, Illustration86 2001-03-17 18 TWO new Suzuki models may debut this year. First, a monospace concept made popular by Renault's Megane Scenic. An all-new model and a maiden attempt by Suzuki to enter the mini-MPV segment, this car could be the answer to those yearning for an affordable and versatile86 words
-
Article93 2001-03-17 18 THE Audi A 4 has earned four-star rating in the Euro NCAP (new car assessment programme) crash test. The test is regarded throughout Europe as the toughest method of assessing a car's passive safety. It includes an offset frontal crash at a speed93 words
-
55 2001-03-17 18 SWEDISH truck maker Volvo is likely to abandon a joint venture with Mitsubishi Motors in light of rival DaimlerChrysler's one-third stake in the Japanese company, according to The Financial Times. DaimlerChrysler has the option to buy all of Mitsubishi by 2004. Volvo has a 355 words
-
Article59 2001-03-17 18 Christopher Tan - Compiled by Christopher Tan UK-BASED carmakers have met Prime Minister Tony Blair to voice the concerns of the automotive industry in Britain. Faced with losses and over-capacity in the country, manufacturers like Ford, GM, Nissan and MG Rover are seeking help to address such problems as59 words
-
-
-
Page 18 Advertisements
-
Advertisement83 2001-03-17 18 If you have something ~j $100 worth of motor-related to get off vouchers. Prizes are your chest, write to us. Wheel sponsored by |We welcome feedback STAMFORD TYRES. and suggestions from i I IwUbSPS Singapore's only readers. listed tyre and auto The AUTOMOBILE services group. ASSOCIATION OF You can fax83 words
-
-
Article964 2001-03-17 19 Aaron Lye - Compiled by Aaron Lye MUSIC NAFA Commuter Concert Series Anthony Peebles Pianist Anthony Peebles performs bite-sized musical pieces in an evening of world-class classical music. Mar 19, 6:3opm, Recital Hall, NAFA Middle Campus, 111 Middle Road. Tickets priced at $Band $5 (NAFA students and children under 16) available964 words
-
Article, Illustration153 2001-03-17 19 Aaron Lye - Byi Aaron Lye The buzz: Now's The Time, an upcoming production by the Lindy Hop Ensemble in collaboration with YMCA Singapore. Plot and players: The Lindy Hop Ensemble was the first Singapore dance group to "wow audiences" at New York City's Lincoln Centre and at the Edinburgh Festival Fringe153 words
-
Article923 2001-03-17 19 Cheah Ui-Hoon - Compiled by Cheah Ui-Hoon A bite-sized roundup of the weekly arts scene REVIEWS Shift, Flex, Listen, Feel It's a special treat to walk into Saraswati Gramich's show Shift, Flex, Listen, Feel when the gallery is empty. Then you have the space to absorb Gramich's spatial arrangements with the923 words
-
Page 19 Miscellaneous
-
Miscellaneous843 2001-03-17 19 Central 9-30 News 5 Tonight. 740 Panorama Dunia. 2.00 Headline Graphics. 8.00 AM Kids Central: The l a r k G A nd nil «JS 2MI To 6 00am: Real time Wieeles 111 8 30 Papa (M/Drama). Financial Data sjo CasSr 12 MN VHI Pop Up 9 30 AplniApaltu (Movie).843 words
-
Miscellaneous304 2001-03-17 19 CROSSWORD ACROSS 8 As taken by a parachutist? (6, 1 Board member? (10) 4) 6 Swell to a very loud finale (4) 9 Factors in debt-collection (8) I? Such a saucy prank! (5) 14 An edifice looked up to for all 11 Disarming sort of actor in dra- time (5,304 words
-
-
The Arts
-
Article, Illustration1953 2001-03-17 20 PARVATHI NAYAR - Singapore Art Museum's controversial purchase of masterprinter Kenneth Tyler's collection along with Tyler's move of his workshop to S'pore could conspire to spawn a whole new artscape. That's already being kickstarted by an exhibition featuring the collection highlights. PASTAim MAYAS reports PARVATHI NAYAR ON a historical level,JOHN WALKER DONALD SULTAN TYLER GRAPHICS LTD; ESTATE OF ROY LICHTKNSTEIN/TYLER GRAPHICS LTD - 1,953 words
-
New Asia Biz Woman
-
Article, Illustration1192 2001-03-17 21 CHEAH UI-HOON - Natalie Hennedige, writer and director of Freak Sons and Daughters, tells winflH UI-HOON where she gets her inspiration CHEAH UI-HOON THE play is about family relationships. But not just any family. There's a mother who's obsessed with beauty, and who has a daughter with only one1,192 words
-
Article, Illustration962 2001-03-17 21 The well-attended festival for kids is a worthwhile addition to the range of arts performances here "MUST have!": that's how important an arts festival for children is in Singapore. So said 90 per cent of the audience who filled up response forms at the Prudential962 words
-
-
ART
-
Article, Illustration782 2001-03-17 22 CHEAH UI-HOON - Wayang Peranakan a truly local genre Singaporeans wfll get a (Janceto catch the genre's signature music, poetry, impromptu lines and cross-gender roles when Malacca's Lkm Sa-Lhujxik, laJc Boley Sa-Gantang (A quart won't make a gallon) comes into town, m -ffIWIT reports CHEAH UI-HOON vv m v HE unique Peranakan Ctna782 words
-
Article, Illustration1051 2001-03-17 22 Aaron Lye - By Aaron Lye SPEAK of shadow puppetry and one immediately envisions the familiar Indonesian wayang kulit that almost every Singaporean knows about. Mention that the shadow puppetry in question comes from as far away as Italy, and watch the eyebrows raise in surprise. But Italian shadow1,051 words
-
Article, Illustration967 2001-03-17 22 Cheah Ui-Hoon - Clown-based Slava's Snowshow is not just a Russian performance for kids, but may say a thing or two about life too By Cheah Ui-Hoon YOU'VE seen the advertisements: a yellow-suited man with a painted face pushing what seems to be a large snowball on stage, and later,967 words
-
-
-
Page 20 Advertisements
-
Advertisement51 2001-03-17 20 Impression To Form: Selected Works From SAM's Tyler Art Collection is on till April 21 at Singapore Art Museum, 71 Bras Basah Road. Opening hours are Tue-Sun from 9am-6pm, Fri from 9am-9pm. Closed on Mondays. Admission to SAM costs $3 (adults) or $1.50 (child aged &16 and senior citizens above51 words
-
