The Business Times, 31 March 2001

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Total Pages: 24
1 24 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 SINGAPORE Internet: http://business-times.asial .com.sg/ SATURDAY, MARCH 31, 2001 85c
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  • 81 1 Dsn 1,***** (+46.16) BT-SRI 187.42 (+18.17) ST INDEX FUTURES 1,870.00 (+48.00) SnSd FUTURES 213J0 (+8.20) STOCK MAKKET INDICES Friday Change KLSE COMP 647.48 -4.66 NIKKEI 225 12,999.70 -72.66 HANG SENG 12,760.64 +82.71 SETINDEX ***** +4.06 JAKARTA COMP 381.06 -0.72 MANILA COMP 1,446.40 +16.24 TAIPEI WH 5,797.92 -36 M
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  • 77 1 FOREX RATES IS$ SI US$ (S$ per USS) 1.803 £(US$/SS per 1.428 1674 El'ROflJSS/SS/E) 0.881 1588 DM 2319 1331 YEN 1253 69.50 RM 3.800 1108 HKS 7.799 4326 BAHT 44.95 24.93 RUPIAH 10.420 5.780 PRIME RATES SINGAH)RE* 5.80 KlIALA LUMPUR 7.67 JAKARTA 39.00 BANT.KOK .#.50 MANILA 11.00 HONGKONG 8.50
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  • 873 1  -  -Id exclusive Several lawyers say they have been approached by members By< Conrad Raj [SINGAPORE] A number of irate Raffles Town Club members have sought legal advice on how best to obtain recourse for alleged misrepresentations made when they were invited to
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  • 654 1  -  Singapore's $265b market cap at near two-year low By Ven Sreenivasan [SINGAPORE] A series of bear raids on Singapore blue chips this month has sent the market capitalisation of the local bourse plummeting to levels not seen since early 1999. The market value
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  • 508 1  -  122 of 251 companies have posted higher profits; abont 20 more resnlts are dne By Rachel Ong [SINGAPORE] We've reached the end of the results season for the financial year ended December 2000, and of the 251 companies that have
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  • Page 1 Advertisements
    • 73 1 nremE Top Stories Flow into Supplementary Retirement Scheme seen limited initially. Next Page SPH to increase investments in Paragon, Promenade. Next Page YHS may have to cut prices to move unsold units. Pg3 Peugeot franchise for NZ, Australia in Sime's hands. Pgs Centrepoint hires 2 more key ex-DBS Land staff.
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    • 20 1 Ranking of Singapore companies by market capitalisation, Pg 4 BT will publish a complete rundown on corporate earnings on Monday
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    • 112 1 MOTORINU Jags are from 4 Mercedes-Benz enters a new segment with the Vaneo THE ARTS The Singapore Youth Orchestra turns 2 Back Page NEW ASIA BIZWOMAN From business* stut nm Stand-up jfSH Karen -^r>-. 1 ?Sr. I lit ill )nn*'i'i nuijtfiii sS Breguet. La passion laisse des traces. Wnstwatch Grande
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  • NEXT page
    • 740 2  -  Bat sums will become substantial in the long ran: banks, insurers By Genevieve Cua, Ling Su Ann [SINGAPORE] Money flowing into the Supplementary Retirement Scheme, a voluntary scheme which takes effect tomorrow, is not initially expected to even come close to the huge sums
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    • Article, Illustration
      165 2 'Unless you know for sure that you don't need to hold your excess cash in reserve, unless you have a clear financial plan in place, you'd probably think twice about the SRS. Those who will go in immediately are those who already have a financial plan in
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    • 639 2  -  He is more open to sharing power with VP Megawati From Shoeb Kagda in Jakarta BARELY two days after delivering a blistering attack on parliament for censuring him, President Abdurrahman Wahid is extending an olive branch to his political opponents in a bid to
      AP  -  639 words
    • 482 2  -  It will bny over Lam Chang's stakes and link np the sites Byi Andrea Tan {SINGAPORE] Singapore Press Holdings (SPH) is buying over Lum Chang Holdings' stakes in the Paragon and Promenade shopping centres, giving it a free hand to amalgamate the two
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    • ON THE grapevine
      • 177 2 NO one will dispute the fact that odd price movements in the stock market should be queried and perhaps even investigated. But what constitutes "odd"? There doesn't seem to be any guideline, and sometimes the Singapore Exchange (SGX) is arguably overzealous in its eagerness to question companies. Take,
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      • 66 2 SINGAPORE will host the Third Asian Roundtable on Corporate Governance from April 4 to 6 at the Shangri-La Hotel. The meeting will gather more than 100 of Asia's key policy-makers, regulators and business leaders for two-and-a-half days of intense discussion. The roundtable will produce an action plan for
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  • Page 2 Advertisements
    • 102 2 Since 1975 our worldwide statt or over 275 multi-disciplined professionals y V including lawyers chartered accountants i V chartered secretaries and bankers have W i k V provided confidential and cost effective company formation in all the maior low IB MjffKp tax areas including H| jHBp -ag r Incorporation Fees
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  • SINGAPORE companies
    • 461 3  -  Gronp posts $12.7 m loss; expects to continue to sell launched projects By Lee Han Shih WITH deeper losses in the second half of last year, drinks and property outfit Yeo Hiap Seng is now hinting at cutting prices to
      FILE PHOTO  -  461 words
    • 223 3  -  By\ Siow Li Sen HOTEL and property group Orchard Parade went deeper into the red last year on losses from associates, lower write-backs and higher interest charges. Net loss came to $28.6 million, up from 1999's $22.4 million. For the year ended Dec 31,
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    • 609 3  -  CEO optimistic abont S'pore office market for the medium term From i Quale Hiang Whai in Hongkong HONGKONG Land, which together with two other property giants has just won the tender for the development of the Raffles Quay/Marina Boulevard white site, is not
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    • 625 3  -  11 lock siew loh hui yin IT'S ODD that Cheung Kong and Hongkong Land should partner each other to develop Singapore's valuable Marina "white" site. Although both hail from the same city, the two property heavyweights make strange bedfellows in the three-party consortium
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    • 331 5  -  Company seen preparing for big acquisition of properties from OCBC Bank By\ Kalpana Rashiwala TWO more former DBS Land stalwarts Lim Joke Mui and Christopher Tang will join Centrepoint Properties from tomorrow. This is fuelling market speculation that the company is getting
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    • 343 5  -  Group is confident it can donble sales of the marque in the region in five years By Christopher Tan SIME Darby, which is on the verge of delisting its Singapore and Hongkong subsidiaries, has secured the rights to import and distribute Peugeots
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    • 131 5 HOTEL Properties Ltd (HPL) has obtained a 5-year $150 million term loan facility arranged by OCBC Bank, the two companies said in a joint statement yesterday. HPL will use the proceeds for the early full redemption of a SSIOO million bond issue due April 4,
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    • 244 5  -  By Siow Li Sen BEN Kwek has resigned as managing director of Keppel Tat Lee Bank. A statement yesterday from parent Keppel Capital Holdings said Mr Kwek, who has been with the bank for 10 years, is leaving to pursue a personal interest. Keppel
      FILE PHOTO  -  244 words
    • COMPANYResults
      • 47 5 WONG'S Circuits' 2000 net profit rose 72 per cent to $50.5 million. Turnover, however, fell 24 per cent to $160.2 million. The group, having sold its piinted-circuit-board business, is now a cash company. The higher profits reflected interest income from cash holdings.
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      • 44 5 DRAGON Land Ltd yesterday reported frill-year net profit of $158,000, a turnaround from the previous year's losses. Turnover fell 28 per cent to $4.6 million. The company said the drop in turnover was due to lower property sales.
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      • 42 5 G&W Group Holdings Ltd yesterday reported frill-year net loss of $5.1 million. Turnover slid 15 per cent to $76.1 million. The company said its performance was due to the slowdown in construction activities and increased competition.
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      • 45 5 BONVESTS Holdings Limited yesterday posted a 43.8 per cent slide in full year net profit to $19.6 million. Turnover fell 39.1 per cent to $195.5 million. The company said its performance was due to lower revenue from its various projects.
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      • 43 5 KIAN Ho Bearings yesterday reported a 39 per cent drop in full-year net profit to $2.07 million. Turnover was flat at $66.88 million, underpinned by sales of bearing products and higher contributions from subsidiaries in China and Taiwan.
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      • 48 5 CONSTRUCTION firm Wee Poh Holdings sank into the red with a net loss of $1.66 million for the six months ended Dec 31,2000. Turnover slipped 14 per cent to $53.31 million. The company warned it would not be profitable this fiscal year.
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      • 48 5 CONSTRUCTION firm Koh Brothers Group yesterday unveiled a 54 per cent plunge in full-year net profit to $918,000 and a 21 per cent fall in sales to $209.05 million for 2000. The group said the construction sector would continue to face intense competition.
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      • 33 5 EWORLD ofSports.com reported a 70 per cent erosion in full-year net profit to $622,000 due to a retail slowdown. Turnover slipped 4 per cent to $31.99 million.
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    • 115 5 [SYDNEY] Singapore Telecommunications Ltd said yesterday its proposed takeover of Cable Wireless Optus did not trigger pre-emp-tive rights for Telecom Corp of New Zealand Ltd on Optus' stake in the Southern Cross cable network. "The Southern Cross cable project contains provisions on pre-emptive rights.
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  • Page 3 Advertisements
    • 423 3 Robert Fleming Equity Derivatives Limited (Incorporated in Jersey with limited liability) Notice of Change of Issuer of Call Warrants issued by Robert Fleming Equity Derivatives Limited relating to the ordinary shares in Hongkong Land Holdings Limited, Overseas Union Bank Limited and Oversea-Chinese Banking Corporation Limited (together "the Warrants") issued by
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    • 26 3 L ia 2lßi Jk j®*** I V laOfe st The Straits Times Classified where I J virtually every w f home is J fingertips. M ■xtMiirwi
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    • 945 3 SANTAK# SANTAK HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 17 February 2001) INVITATION IN RESPECT OF 20,555,000 NEW SHARES OF $0.10 EACH COMPRISING:(1) 2,055,000 OFFER SHARES AT $0.23 FOR EACH OFFER SHARE BY WAY OF PUBUC OFFER; AND (2) 18.500.000 PLACEMENT SHARES AT $0.23 FOR EACH PLACEMENT SHARE
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  • SINGAPORE markets
    • 315 6 Stocks Votoiw SingTel 15c 31,912,000 Gokftron5c 16,349,000 Chart Semiconductor 26c 14,017,000 PaciflcCerrturylOc 13,477,000 PSC 5c 10,796,000 ST Engg 10c 9,626,000 Strike Engg 5c 7,961,000 Vickers Capital 25c 7,599,000 SembCorpI 25c 6,808,000 NOL 6,020,000 Stocks Chart Semiconductor 26c 60,713,131 SingTel 15c 60,155,598 DBSGrp 50,891,529 Datacraft 10c 43,997,269 SIA 40,558,120 UOB 35,491.090
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    • 582 6  -  -ii comment STOCKS r. sivanithy ABOUT of windowdressing combined with a liberal dose of short-covering helped restore some semblance of respectability to the Straits Times Index on the final trading day of the first quarter. Not surprisingly, the top gainers' list was virtually identical
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    • 170 6  -  WARRANT WATCH By\ R Sivanithy YOU know the market mood is incredibly bearish when warrants with plenty of time left sell for almost nothing. This is the case with the warrant issued by ferry operator Penguin Boat International, which expires in October 2005 but costs just
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    • 230 6  -  HOT STOCK By' Ven Sreenivasan AFTER an extended consolidation, Clobquoted Tan Chong International now seems to be in a range-bound trading pattern. The stock closed unchanged at HKSO.9S yesterday on volume of 2.8 million. The technicals suggest it could slide a little more before
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    • 452 6 Japanese currency drops to 125.47 as importers sell ahead of fiscal year-end AFP THE yen plummetted to a two-and-a-half year low against the US dollar in Asian trading yesterday as importers sold the currency ahead of the end of Japan's fiscal year this
      AFP  -  452 words
  • 2862 6 UNIT TRUSTS FUNDS Manager's prices (Ss): Mar 31 Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNCFd 0 730 0.767 Global Technology Fd! 0.593 0.624 UK Blue Chip Fd!** 0.744 0.782 American Opport Fd 0.812 0.853 Cont Euro Eqty Fd!** 1.024 1.076 Japan Eqty Fd!** 1.177 1.237 Asian Fixed
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  • Page 6 Advertisements
    • 31 6 f EXECUTIVE SUITE Get up-to-date on the property market, and look out for our new weekly legal matters column, interior decor, architecture ana gardening stories In The Business Times every Thursday.
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  • SINGAPORE news
    • 562 7  -  Vital to have abiding commitment to nation and desire to shape their society Reports by Eugene Low IT is not enough for public servants to be efficient bureaucrats, entrepreneurial technocrats or astute businessmen, Deputy Prime Minister Lee Hsien Loong said yesterday.
      FILE PHOTO  -  562 words
    • 341 7 He just stated facts, says press secretary in response to critical articles in M'sian media SENIOR Minister Lee Kuan Yew did not criticise or comment on Malaysia's education system in his address during a dialogue with the Malay community earlier this month, his press secretary
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    • 231 7 THE Registry of Political Donations (RPD) said yesterday that the Open Singapore Centre and Think Centre would be gazetted political associations from Sunday because "their objects and activities clearly related mainly to politics in Singapore". They are the first organisations to be
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    • 82 7 IN Thursday's report "Office market growth slowing", we quoted Christopher Fossick, executive director for commercial leasing at CB Richard Ellis, as saying: "Good grief, if we maintain those levels of increases, no one will even want to come to Singapore." Mr Fossick has since clarified that his comment was
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    • 467 7 Their job is to ensure S'pore's long-term survival and prosperity: perm-sec Eddie Teo CIVIL servants who join the government's administrative service only because of high salaries or because they want to get rich will be disappointed, says senior civil servant Eddie Teo.
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    • 344 8  -  Initial offers and bank guarantees to be in by April 9 By. Andrew Wee ALL four applicants seeking third-generation (3G) telecoms licences have, as expected, been qualified to take part in the auction. They are: Sunday Holdings (Singapore) Corp, Mobi- leOne (Asia), Singapore Telecom
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    • 800 8  -  They cater to energy, health and intellectual property By 1 Teh Hooi Ling FOUR new statutory boards came into existence today, as the government restructures some of its agencies to better meet the challenges of the new millennium. They are the Energy Market
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    • 235 8  -  Chance for buyer to design and bnild a substantial home By] Marissa Chew A LARGE good-class bungalow site at Ewart Park is up for sale by tender, with marketing agent CB Richard Ellis expecting it to fetch as much as
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    • 245 8  -  l=tf =1 on the economy foreign talent Hy, Adeline Chuah A RECENT poll of 363 companies revealed that 57 per cent of them hire foreign talent. Of these, 21 per cent are in the high technology and information technology industries. Foreign talent is defined
      Source: Watson Wyatt  -  245 words
    • 465 8  -  Mexico-S'pore trade grew at a rate of 30% in past 10 years Hy David Boey SINGAPORE Trade and Industry Minister George Yeo yesterday addressed an estimated audience of 10,000 academics and students across seven Latin American countries in a live video conference. And
      CHRIS LOH  -  465 words
    • 442 8  -  Courses to be available at their four campuses hi, Anna Teo TWO of the world's top business schools have tied up to offer joint executive education programmes across their campuses Wharton's in Philadelphia and San Francisco, and Insead's in Fontainebleau and
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    • 458 8  -  MAILfm Ms Foo Kim Leng, Sr Corporate Communications Manager Singapore Telecommunications Ltd WE refer to the letter "Optus deal: talk about net profit, not Ebitda" by Carol Sim Siew Tin (Mailbag, Mar 29) and would like to take this opportunity to clarify some of the
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    • 149 8  -  Dr Chua Hak Bin, Dr Chua Hak Bin, Director, Planning, Policy and Communications Division, Monetary Authority of Singapore I REFER to the article "KPMG offers financial data on banks through Web" by Conrad Raj (BT, March 29). We wish to clarify that the financial
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  • Page 7 Advertisements
    • 547 7 KarV :3r IB J \9hV I »-A; 4^H afy v i 2- ;ij|fe| ff v jlrtJ P"l *i^ yN* jtdV •jisfc l^-^ jh f fc^,j' ,lJll > Jfe^? 41|gp r jj «P 'S^L^aMJ* IP T*VTBh jji.lMHMlMl^Mj^^^^^^^M vr f 9 t^\W&~'Jit "IT''^ftlijlL-&2SUE«£> -v r v"' Kfl »x. B H*ti. S^^ihOHHHl^^^H^^B Fly
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  • REGIONAL news
    • 530 9  -  Premier to outline strategy and state future direction of country's capital markets at seminar From. Harish Mehta in Bangkok THAI Prime Minister Thaksin Shinawatra is expected to unveil the plan behind his vision to boost the depressed stock market by
      AP  -  530 words
    • 160 9 KUALA LUMPUR Reuters MALAYSIA has banned the import of livestock, meat, milk and milk products from Europe in an effort to prevent foot-and-mouth disease, the country's Department of Veterinary Services said yesterday. "Only milk and milk products from regions which are free from (foot-and-mouth
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    • 231 9 JAKARTA Reuters INDONESIA has issued new guidelines to improve transparency over corporate debt restructurings following consultation with key donors the IMF and World Bank, the government said yesterday. The move indicates tension between Jakarta and its major donors has eased further, raising
      Reuters  -  231 words
    • 369 9 BANGKOK Bloomberg BANK of Ayudhya Pel, Thailand's fifth-largest lender, said it will be able to sell a maximum 17 billion baht (Ss6Bo million) of bad loans to the government under a bailout programme for banks.
      Bloomberg  -  369 words
    • 546 9  -  Shares soar 10.55% to finish at 12.75 baht From Harish Mehta in Bangkok THAILAND'S eighth largest commercial bank, Bank Thai, stormed back into the stock market yesterday after a 2' i -year suspension, making a dramatic re-entry ahead of four other banks that
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    • 111 9 Bloomberg [BANGKOK] Thailand's imports fell in February for the first time in almost two years as slumping demand for Thai products in the US and Japan curtailed the need for buying raw material and machines, the central bank said. Thai imports fell 10.9 per cent
      Bloomberg  -  111 words
    • 1268 9  -  WRITER'S JOURNAL But the onset of democracy in S-E Asia can be managed, and the Chinese economic challenge is not Insurmountable karim raslan South-east Asia has been hit by a double whammy two quite separate body blows in quick succession. The first
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    • 608 10 HONGKONG How rnnch of it was real and how mach in transit? FT THE government on Thursday put Hongkong among the top FDI recipients in the world, along with the United States and China. And now it is shaping up as Hongkong's billion-dollar question: how
      FT  -  608 words
    • 210 10 SHANGHAI Bloomberg CHINA'S closed-end funds, though plagued by scandal, doubled dividends for last year after riding a rally that hoisted China's stock markets to the top of the charts. That performance may be hard to match, the funds said. Twenty-two of 25 closed-end mutual funds, who
      Bloomberg  -  210 words
    • 375 10 BEIJING Move a step towards merger of Shanghai, Shenzhen bourses Reuters CHINA established a clearing company for its securities market yesterday, the official Xinhua news agency reported, in a move officials say is a step towards unifying the Shanghai and Shenzhen stock
      Reuters  -  375 words
    • 549 10  -  From, Ravi Kant in Geneva THE Asean countries are expected to strongly attack a Belgian proposal in the World Trade Organization today that calls for voluntary social "labelling" of products and services based on standards recognised by the International
      FILE PHOTO  -  549 words
    • 498 10 NEW DELHI Two-year drought depresses agriculture, drives down consumer demand for goods Bloomberg INDIA'S economic growth slowed in the quarter ended Dec 31 as a two-year drought took its toll on agriculture and curtailed demand for industrial goods. The economy expanded 5.7 per cent
      Bloomberg  -  498 words
    • NOTEBook
      • 60 10 AFP [HONGKONG] Hongkong press baron Jimmy Lai yesterday said that his company will launch its weekly publication Next magazine in Taiwan in June. Mr Lai, chairman of Next Media Ltd, said that Next Media will invest an initial NTJSOO million (5527.4 million) in the Taiwanese
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      • 74 10 AFX-Asia [KUALA LUMPUR] Malaysia's Securities Commission executive chairman Ali Abdul Kadir said Finance Minister Daim Zainuddin has extended his contract by a year following the expiry of his initial two-year appointment on Feb 28. "At the end of my (two-year) term, I discussed it with
        AFX-Asia  -  74 words
      • 56 10 Reuters [BOMBAY] All the elected members of the Calcutta Stock Exchange board of directors have resigned, exchange president Kamal Parekh said yesterday. The CSE has an 18-member board of which nine are elected by exchange members. The CSE has been under a cloud since three
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      • 50 10 AP [BANGKOK] The upper house of Thailand's parliament yesterday elected Manoonkrit Roopkachorn, a failed military coup leader, as its speaker. Mr Manoonkrit won 114 votes in the 200-member Senate while his three opponents got 15,28 and 16 votes. Mr Manoonkrit, 64, replaces Sanit Woraphanya. —AP
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  • Page 10 Advertisements
    • 882 10 SINGAPORE REINSURANCE CORPORATION LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT OF AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2000 COMPANY GROUP KEY AUDITED FINANCIAL FIGURES 2000 1999 or- 2000 1999 orProfit Loss Items SS'OOO SS'OOO SS'OOO SS'OOO Turnover 63,388 60,587 4.6 69,384 66,986 3.6 Net investment income, including
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  • e-NEWS
    • 621 11 HONGKONG Sohn.com and eM&chines Inc are among the firms which may lose their place on the Nasdaq Bloomberg SEVERAL Asian companies, including Sohu.com and eMachines Inc, may be close to losing their place on the world's leading exchange for technology ventures, just a year after
      Bloomberg  -  621 words
    • 573 11 Microsoft ties up with Sega Corp, tries to attract Japanese game developers AP [CHIBA, Japan] Microsoft chief Bill Gates yesterday announced he would try to lure finicky Japanese gamers to the much-anticipated Xbox game console with a handheld controller designed especially for Japan and
      AP; AFP  -  573 words
    • 335 11 AMSTERDAM Joint venture partner for struggling arm still an option FT PHILIPS may quit the market for mobile phone handsets, the next president of the Dutch electronics group said on Thursday. Gerard Kleisterlee, who takes over on May 1, said that
      FT  -  335 words
    • 297 11  -  From] Eddie Toh in Kuala Lumpur MALAYSIASTREET, one of the few licensed financial portals in Malaysia, has bitten the dust, a victim of hostile market conditions. In an e-mail message yesterday to subscribers of its online research materials, the one-year-old
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    • 333 11 SCHAUMBURG, Illinois Bloomberg MOTOROLA Inc said the US Securities and Exchange Commission has opened an informal inquiry into discussions earlier this month between officials with the No 2 mobile phone maker and some analysts. Such talks could be ruled to have violated SEC rules
      Bloomberg  -  333 words
    • EBriefs
      • 101 11 Reuters [FRANKFURT] Europe's largest business software maker SAP AG yesterday said it had agreed to buy US partner Top Tier for US$4OO million (Ss72o million) in cash. The acquisition, which is expected to be completed in the second quarter of2ool, will cost SAP 20
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      • 63 11 Reuters [TAIPEI] United Microelectronics Corp yesterday said demand for high-end microchips remained firm although overall orders for its manufacturing services remained weak. "Those customers engaged with new products want to see those products yesterday," UMC chairman John Hsuan said. Customers are positive and want
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      • 91 11 Bloomberg [LONDON] Vodafone Group said it will likely have net debt of £7 billion (SslB billion) in fiscal 2001, or 30 per cent lower than its earlier debt target. Vodafone on Thursday completed the sale of Infostrada, Italy's No 2 traditional phone company,
        Bloomberg  -  91 words
      • 61 11 Reuters [SEOUL] Major South Korean chipmaker Hynix Semiconductor yesterday said it had signed a deal to sell its water treatment facilities to French utility group Vivendi Environment for 207.7 billion won (*****.4 million). "We secured the contract on the sale of our water treatment
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    • 269 11 BOISE, Idaho Bloomberg MICRON Technology Inc, the biggest US maker of computer memory chips, said it posted a fiscal second quarter loss as demand for its chips sank and a majority-owned unit decided to quit the personal computer business. The loss
      Bloomberg  -  269 words
  • Page 11 Advertisements
    • 334 11 To advertise call toll tree 1800 741 1883 XI V I IvljiJ Fa« No 741 1298 IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF BAN HENC. LONG METALLURGICAL WORKS (PTE) LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) (IN VOLUNTARY LIQUIDATION) NOTICE OF FINAL GENERAL
      334 words

  • MOTORING
    • 1117 12  -  The latest Jaguar is one of the most phallic forms on the automotive landscape, says CHRISTOPHER TAN CHRISTOPHER TAN I HAD wanted to start this piece with a reference to a recent sell-out play based on the intimate experiences of various women. But
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    • 635 12  -  Several race-related deaths force car racing authorities to look at speed and safety By Brad Spurgeon NYT FAST CARS and safety are a contradiction in terms, but the deaths of four Nascar drivers in less than a year, and of two marshals in Formula
      NYT; AP  -  635 words
    • BUMPER to bumper
      • 94 13 THE Land Transport Authority's motoring website at www.onemotoring.com.sg now includes new information on car prices. As reported by BT earlier, new vehicle prices broken down to various tax and cost components are also available via links to the Motor Traders Association site. A
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      • 75 13 TOYQTA distributor Borneo Motors is giving away $3,000 of petrol vouchers in a campaign to boost passenger car sales. The amount works out to about a year's supply of fuel for a medium-sized to large car. Borneo's promotion follows a similar one by UOB.
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      • 73 13 MG ROVER is in talks with General Motors and Fiat over using engines and transmissions developed by the alliance partners. Britain's Financial Times said the talks, which are at a preliminary stage, are the first contact with first-tier global car-makers since Rover was
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      • 83 13 BMW posted a record profit of 1.03 billion euros (551.64 billion) for the year ended Dec 31, 2000, on a 50 per cent rise in turnover to 1.66 billion euros also a record. Sales rose 9.4 per cent to 822,181 vehicles, powered by demand for
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      • 129 13 FORD Motor has posted a 75 per cent increase in total market share in its four major Asean markets in the past year. Speaking at the 22nd Bangkok International Motor Show, Ford Asean president Gerald Kania said: "Our total market shares in Thailand, Malaysia,
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      • 66 13 DAIMLERCHRYSLER is using more coconut fibre in its vehicles in support of the Poverty and Environment in Amazonia (POEMA) programme. After almost 10 years of supporting POEMA, the company will now use the fibre in car seats and truck driver bed upholstery. It is already
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      • 85 13 RENAULT'S Scenic and new Laguna II have been rated highly in a recent European New Car Assessment Programme (NCAP). The Scenic attained four stars, making it one of the safest models in its class. The Laguna II got an exceptional rating
        AP  -  85 words
      • 51 13 DELPHI'S US$l2.l million (5521.7 million) automotive parts plant in Thailand will be operational by September. The 3,000 sq m plant is its first in the Asean region to make brake calipers and fuel-handling systems. It is also Delphi's first manufacturing facility in
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      • 90 13 THE government of the Dutch Caribbean island Aruba broke promises on a Formula One racetrack development project and should pay US$2O million (Ss36 million) in damages, the project's promoter has alleged in a lawsuit filed in Miami. AP said the suit follows one filed
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      • 145 13 SOME ultra-light wheels on racing bicycles have a design flaw that can cause them to shatter or even explode. The problem was reported to the British Institute of Physics last week (Mar 19) by University of Bristol researcher John Morgan, the British weekly New
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      • 80 13  -  Complied by Christopher Tan WANT a free taxi ride today? Look out for any Tibs taxi painted in Citibank Ready Credit colours and flag it down. Eighty of these cabs will ply Nicoll Highway, City Hall, Orchard Boulevard, Paterson Road and Orchard Road. If you
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    • 368 13  -  Mercedes-Benz enters a new segment with its compact carrier Vaneo Byi Christopher Tan JUST weeks after a senior executive who was in town denied Mercedes-Benz was planning to enter the mini-MPV market, the company has announced that it will unveil the Vaneo at the
      REUTERS  -  368 words
    • 301 13  -  Han Liang Yuan (Ms) Manager, Media Relations Land Transport Authority WE REFER to the letter "Remove ERP gantry on ECP" by Chua Aik Hong (Wheel Matters, March 24). Road pricing was introduced on the East Coast Parkway (ECP) in 1995 when the average
      301 words
    • 162 13  -  Corinne Fong Singapore via Internet I REFER to recent articles on petrol prices and would like to make some suggestions. The only way we are going to see petrol prices come down is if we don't buy it. But that's not really practical
      162 words
    • 106 13  -  Chua Aik Hong Singapore via Internet COMMERCIAL vehicles are going too fast. Drive along the Tampines Expressway, near the Punggol section, and you will know how serious the speeding problem is, especially that posed by lorries. Drive behind some of these lorries and you will
      106 words
    • 79 13  -  S H Mah Singapore via Internet IMPROVING traffic flow is not as simple as raising the speed limits of commercial vehicles. In the past, such vehicles obeyed traffic rules by keeping to the left or slow lanes. These days, many inconsiderate drivers of commercial
      79 words

  • Page 13 Advertisements
    • 268 13 If you have something $100 worth of motor-related to get off vouchers. Prizes are your chest, write to us. f. sponsored by We welcome feedback STAMFORD TYRES, and suggestions from i\i C* I Singapore s only readers listed tyre and auto The AUTOMOBI LE services group. ASSOCIATION OF You can
      268 words

  • WORLD news
    • 518 14  -  It says 'primary responsibility' lies with the late Robert Maxwell From, Neil Behrmann in London LEADING City investment banks and accountants have been heavily criticised by the UK Department of Trade and Industry (DTI) for their actions in the collapse of the Maxwell empire
      AP  -  518 words
    • 337 14 AFP [TOKYO] THE Japanese government yesterday decided to spend 24 trillion yen (*****.2 billion) on high-tech development over the next five years to fulfil a pledge to make Japan the global leader in scientific research. The investment plan will boost Japan's centrally-funded scientific research
      AFP  -  337 words
    • 630 14 NEW YORK They cut allocations to US equities to 44% in March, down from 47% in Feb: poll Reuters US FUND managers reduced their holdings of American stocks this month amid more signs of trouble in the world's largest economy, sending stocks
      Reuters  -  630 words
    • 257 14 WASHINGTON Reuters, AFX US consumer spending rose solidly in February, the government said yesterday, a positive sign worries about economic sluggishness. Consumer spending, which fuels two-thirds of US gross domestic product growth, increased 0.3 per cent to a seasonally adjusted annual rate
      Reuters,; AFX  -  257 words
    • 375 14 Reuters [HELSINKI] World Bank President James Wolfensohn has been hit in the face •by a cream pie thrown by an unidentified man at a news conference in the Finnish capital. The man, who pushed the pie into Mr Wolfensohn's face, was quickly dragged away
      Reuters  -  375 words
    • 332 14 GENEVA The British bank's Swiss unit will be responsible for all non-UK business Bloomberg BARCLAYS pic, the UK's third largest bank, has chosen Switzerland as the centre of its international private banking business. Barclays said its Geneva-based unit Barclays Bank Switzerland will be responsible
      Bloomberg  -  332 words
    • 806 15 The new airplane will be able to fly about 20 faster than today's jets NYT [NEW YORK] A generation after attempts to build a commercially successful supersonic jet ended in failure, the Boeing Co on Thursday announced plans for a new airplane that would
      NYT  -  806 words
    • 253 15 LONDON Reuters BRITISH Telecom finance director Philip Hampton has hinted that the company was contemplating the disposal of Concert its joint venture with AT&T Corp The Daily Telegraph reported yesterday. The paper said he had made the suggestion at a dinner meeting of fund
      Reuters  -  253 words
    • 371 15  -  From] Donald Urquhart in London SINGAPORE Airlines is "very interested" in Boeing's new Sonic Cruiser aircraft and sees no conflict with its current aircraft strategy, the airline's deputy chairman and CEO said at a Star Alliance briefing here yesterday. Cheong Choon Kong
      371 words
    • 494 15 BRUSSELS Bush govt likely to give nod soon, EC is still probing Bloomberg, AFP GENERAL Electric Co's planned US$44 billion (5579.3 billion) purchase of Honeywell International Inc confronts the Bush administration with the same transatlantic tangle his predecessor faced: European Union objections to mergers
      Bloomberg,; AFP  -  494 words
    • 753 15 Reuters [TOKYOJ You will hardly hear fanfare next week when three more Japanese megabanking groups take formal shape, opening a new era of the Big Four in the nation's hard-pressed banking sector. Unlike recent aggressive mergers and acquisitions among foreign peers,
      Reuters  -  753 words
    • 520 15 LOS ANGELES It's undervalued, he says; and talks are on with other parties Reuters HUGHES Electronics Corp chairman Michael Smith on Thursday shot down News Corp Ltd's reported offer to acquire Hughes, calling it undervalued, and he strongly defended himself against reports that
      Reuters  -  520 words
    • 273 15 WASHINGTON They affect timing and delivery, by e-mail or on Web Reuters THE US Federal Reserve on Thursday issued rules to establish uniform standards for electronic delivery of legallymandated consumer disclosures that must accompany mortgages, auto loans and leases and a wide range of
      Reuters  -  273 words
    • 140 15 LONDON Reuters INTERNATIONAL bond sales have smashed records in the first quarter of 2001 but issuance is expected to tail off in the second quarter as market volatility keeps borrowers and investors on the sidelines. Preliminary figures released by industry tracker Capital Data showed
      Reuters  -  140 words
  • Page 14 Advertisements
    • 59 14 'f a W jMMam^^^Bso& U v iHIPMRK. m mOF M Tp^Kll BWp WPBf Mn_ 4 J»^W7 Sunday Times Supplement 1 APRIL 2001 Grab your copy at: BUZZ Kiosks BP Caltex Esso Mobil Shell SPC Borders Carrefour Giant NTUC Fair Price NTUC Food Fare NTUC Cheers Shop N Save 7-Eleven Cold
      59 words


  • FINANCE & commodities
    • 264 16  -  SGX Derivatives Trading Report ST Index Wong Ann Chuen Refco (Singapore) Pte Ltd THE Singapore stock market ended its three-day losing streak on bargain hunting, as investors felt the recent drop went too far, too fast. The benchmark Straits Times Index added 46.16 points or
      264 words
    • 256 16 MSCI Taiwan Index THE Taiwan stock market fell as investor showed little confidence in the domestic economy, despite the central bank rate cut. The MSCI Taiwan stock index shed 1.66 points, or 0.63 per cent to finish at 260.30 points. Turnover for the index
      256 words
    • 225 16 Reuters London THE yen fell past the key 125 barrier against the US dollar yesterday for the first time since October 1998 after comments by a senior Japanese official spurred wariness about US and Japanese policy towards the yen. The yen shed 1.5 per cent against the dollar
      Reuters  -  225 words
    • Article, Illustration
      1229 16 DfTERBAMK CROSS RATES C$ h* Eyo Ffr On HK$ (nd K» h*Uk Ytn Woo KM M2$ Eik t» Nso S$Uwd Sir IT} M *rrrt IBS ustr 1 0 710 4 062 0 »6 3.643 1066 3.817 22.126 51.001 0.613 6.490 I860 1.214 29.793 24.230 0.882 3.933 0.847 *.074 ***** 0.343
      1,229 words
    • 1850 16 SICOM FUTURES Mar 30 WBKI (futures closing as at 5 JOpa) RSS1 CONTRACTS cwitsAg) Clow Volume Open Moat* Hj9j| jfw Sett (tonnes) Interest Apr 01 103.25 May 01 103.75 ***** 104.00 50 400 -tun 01 105.25 105.25 105.50 50 800 Ju*/Sep 01 106.50 750 RSS 3 CONTRACT (US ccnts/ty Votome
      1,850 words
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  • STOCKS east asia
    • 2882 17 HONGKONG AFP Hang Seng +82.75 HONGKONG share prices rose 0.7 per cent yesterday on a technical rebound, although sentiment remained cautious after the mixed performance of Wall Street, dealers said. The key Hang Seng Index gained 82.75 points to close at
      AFP  -  2,882 words
    • 2087 17 TOKYO AFP Q Nikkei 225 -72J6 SHARE prices in Tokyo fell 0.6 per cent yesterday on late profit-taking in the final trading session of the fiscal year, brokers said. The Tokyo Stock Exchange's Nikkei average closed down 72.66 points at 12,999.70. The Topix benchmark
      AFP  -  2,087 words
    • Article, Illustration
      1086 17 AFP p.qiwiThgi B Index -IL4I CHINA'S Shenzhen B Share Index fell 11.41 points, or 3.5 per cent, to 313.99 yesterday while Shanghai B shares edged up 1.1 per cent in volatile trade, rebounding from intra-day lows on late institutional support, dealers said. The Shanghai Stock Exchange's B Share Index
      AFP; Source: Credit Lyonnes Securites (Asia) Ltd  -  1,086 words
    • 389 17 AFP QWP Index -35Jt TAIWAN share prices closed 0.6 percent lower yesterday on strong selling of financial stocks despite the central bank's move to cut interest rates, analysts said. The Taiwan Stock Exchange Weighted Price Index fell 35.96 points to 5,797.92. Turnover was estimated at NT598.68 billion. The bourse
      AFP  -  389 words
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  • STOCKS klse
    • 441 18 AFP Q Composite Index -456 MALAYSIAN shares closed 0.7 per cent lower yesterday in the absence of fresh trading leads, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 4.55 points to finish at 647.48. The Second Board Index lost 0.87 of a point
      AFP  -  441 words
    • 9260 18 INDUSTRIALS Consumer prodvets 2001 LMt Vol Day H«t Cap Ht»h Low Company Sato OOP High Low P/t Smil 340 300 Ajinomolo 310 K) 1 310 310 9.3 125.6 45 27.5 Angkesa 28-5 -2 16 30 27.5 42.0 342 286 Apoao Food Hlq 300 6.5 120.0 356 300 Asia File 328
      9,260 words
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  • SGX clob & regional stocks
    • 2587 19 BOMBS WARRAMTS Mar 30 frmj imn U-M UM W Bey LmMm* kn Inart Cot Urn Mx un, U» fiMi'l row) «H» I— key um Mce ill■» (mm Mm f%) 1ii ii|T lad 40 0.5 f Acme W*****4 0.5 -*---11 41.0 I 300 575 89.00 4 22 2.5 s AIITech ******7
      2,587 words
    • 314 19 AFP Q Composite Index -0.58 SOUTH Korean share prices edged down 0.1 per cent yesterday. The Composite Index closed down 0.58 points at 523.22. —AFP ■Mr 30 «M Anam Sami 4820 110 BratnTach 550 5 CantralBank 170 0 ChatlComm ***** -100 Dm Cu Bank 1360 -10 Daatang Carp mo
      AFP  -  314 words
    • 283 19 AFP PI Composite Index +1(124 PHILIPPINE share prices rose 1.1 per cent yesterday due to bargain-hunting, analysts said. The Philippine Stock Exchange Composite Index rose 16.24 points to 1,446.40. Volume rose to 287.6 million shares worth 444.9 million pesos.—AFP "»*> pmo rooo) Abacus Construction 0.53 unch 10 Aboitiz Equity
      AFP  -  283 words
    • 257 19 AFP QNZSE-40 -U4 NEW Zealand shares ended 0.3 per cent lower yesterday, tracking volatile movements in Telecom Corp, dealers said. The benchmark NZSE-40 Capital Index closed down 6.94 points at 2,030.39. Turnover was estimated at NZ5113.6 million. AFP NarJ» US 1000) Advantage HOS 0.85 -0.06 215 Air HZ A
      AFP  -  257 words
    • 549 19 AFP CI All Ordinaries jM THE Australian share market closed 0.9. per cent lower yesterday after uncertainty on Wall Street persuaded investors to retreat from a bearish local market, brokers said. The All Ordinaries Index lost 28.4 points to 3,096.9 and the SP/ASX2OO slipped 20 points to 3,157.9. National
      AFP  -  549 words
    • Article, Illustration
      747 19 AFP fl SET Index -*4.06 THAI stocks rose 1.4 per cent yesterday with gains mainly driven by interest in exportdriven companies as a result of the baht's weakness, dealers said. The Stock Exchange of Thailand (SET) Composite Index rose 4.06 points to close at 291.94 and the SET 50
      AFP  -  747 words
    • Article, Illustration
      758 19 AFP n Composite Index -0.72 INDONESIAN share prices dropped 0.2 per cent on profittaking in late trade yesterday, amid caution over political developments, dealers said. The Jakarta Stock Exchange Composite Index closed down 0.72 of a point at 381.05 on volume of 489.5 million shares valued at 412.33 billion
      AFP  -  758 words
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  • 7953 20 SGXMADnBOARD U-M UM Vol Day Last Quota Mv Mv VM Not Cm An H>» lam Co mfmi Solo W- OBOt Wl» t—> —ym S*r Cm Wl 3 Wo MULTI-INDUSTRY 153 41-5 Acma 50c 44.5 *2.5 354 44.5 41.5 41.5 44 5 5 4.3 5 6 5 6 772
    7,953 words
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  • TheArts
    • 1531 21  -  Besides a new name properly reflecting its status, the 21-year-old orchestra also has a new chairman and management board, who see musical nurturing as a part of nation building. PARTATBI MAYAS reports PARVATHI NAYAR THE Singapore Youth Orchestra (SYO) marks its 21st anniversary next week with
      PHOTOS BY CHRIS LOH  -  1,531 words
    • ART
      • 931 22  -  This weekend, Sotheby's and Christie's will auction over 300 works worth nearly $7m amid the sombre economic mood. GORDIME BERK reports CORINNE KERK THE year may have started with some apprehension on the economic front, but when it comes to art, the two auction houses kicking
        931 words
      • 528 22  -  By, John Gee ALEXANDER Nevsky, a cinematic masterpiece by Sergei Eisenstein, will be shown in April as a prelude to the Singapore International Film Festival (SIFF). The film music, composed by Serge Prokofiev, will be performed live by the Singapore Symphony Orchestra
        528 words
      • 835 23  -  Beyond that, the show by visiting painter Jerome Rndin also represents a meeting of corporate, diplomatic and art worlds By Parvathi Nayar IT was a chance to make several introductions in one go: a new local gallery, a visiting Swiss artist and a fairly-new
        DAVID LIM  -  835 words
    • NewAsiaBizWoman
      • 894 23  -  Stand-up comedienne Karen Loftus once touted as a 'surefire hit' has made it in a male-dominated arena, and wants to hear you bursting out in laughter. AARON LYE reports AARON LYE Think of stand-up comedians and automatically names like Jerry Seinfeld or Tim Allen spring to
        CHRIS LOH  -  894 words
    • 923 24  -  Compiled by Aaron Lye MUSIC Music Box 2001 A musical concert with performances which have different themes each night based on traditional, fantasy or new musical endeavours. April 6-8, 7:30pm- 10:30pm, Singapore Art Museum. Tickets priced at $15 and $10 (students) available via phone booking at *****11 or
      923 words
    • Article, Illustration
      131 24  -  By< Aaron Lye The buzz: Wajahat Khan, a well-acclaimed Indian musician specialising in the traditional Indian sarod musical instrument Plot and players: Here as part of the Singapore Symphony Orchestra's International Music Series, Khan has previously performed at countless locations to critical acclaim, including the Royal Albert Hall in
      131 words
    • Artbeat
      • 271 24  -  By Cheah Ui-Hoon A noble act, despite the awkwardness The thing about stand-up comedy is that it is never predictable. And it isn't always because of the verve or vagaries of the performer alone. The past Monday's audience at British comedian Ross Noble's standup act, part of the Singapore
        271 words
      • 601 24  -  Compiled by Cheah Ui-Hoon Free admission to SAM (no, It's not an April's Fool Jokel) Admission to the Singapore Art Museum is free this Sunday, from 9am to 6pm, in the Time Open Day Series, a joint effort between the Singapore Art Museum and Time magazine. This is the
        601 words
  • Page 21 Advertisements
    • 54 21 Brahms Scherzo VENUE: Jubilee Hall, Faure Sonata for Piano and Violin f\ nk Raffles Hotel A Major opus 13 J j Wieniawski Faust Fantasy Aaron Jay Kernis Debussy-Heifetz Beau MM m^^m'' 1 I Franz Waxman Carmen Fantasy Sioo r .ISSr (Proceeds will be donated to Community Chest) j jp' I
      54 words



  • Page 24 Miscellaneous
    • 836 24 flWM 30 News 5 Tonight. 5.00 Aksi Mat Yoyo. 10.00 Singapore Tonight. 8.00 AM Kids Central- Thp 10.00 J.A.G. 5.30 Angan Ku. 10.15 Tonight In Person. Wieeles 1L00 Jack And Jill. fcOOSp.rou 10.30 The Tourist W. 830 r MN 6.30 UltramanTiga 11.00 The World Tonight. 0 00 Hin O And
      836 words
    • 282 24 CRYPTIC CROSSWORD ACROSS employees (7) 1 Wake-up call for shoe-black 9 (4 5 Passton in preliminary round (4) 3.5) 6 First Sea Lord? (7) 9 Warmth of address as leader 7 Secret plan for early rising of leaves social event (7) Parliament (9, 4) 10 Start to sense musician is
      282 words