The Business Times, 21 April 2001

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Total Pages: 22
1 22 The Business Times
  • 18 1 THE BUSINESS TIMES MrTA(P)IO7/03«001 TO I? R 67 -j ■mfli I Internet: http://business-times.asial.com.sg/ SATURDAY. APRIL 21, 2001 85c
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  • 82 1 STI M6CJ9 (+10.25) n M U «M 7 (+1.87) ST HIDKEX FDTTJIES U6UO (+10.00) VVSDBKI nnPDBES U ma (+1.40) STOCK XABXET INDICES Friday Change KL5E COMP 576.67 +6.66 NIKKEI 226 13,766.67 -102.61 HANG SENG 15,448.13 -106.82 SET INDEX ***** -6.49 JAKARTA COMP __342J6 4.46 MANILA COMP —M28i4 -6J3
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  • 82 1 FOBEX BATES us$ s$ USS (SSperCSS) 1.810 £(USS/S$per£) 1.446 1617 ElTtO(US$/SS/E) 0.900 1.629 DM 1172 1100 YEN 121J 67.40 RM 1800 1100 HKS 7.799 4J10 BAHT —46.48 25.13 RUPIAH 116,86 6,402 *S$ to 100 units •S$ to 100 units PBOIE SATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK
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  • 718 1  -  Move in preparation for new laws to give them more teeth in new environment By Ling Su Ann [SINGAPORE] The stock market's regulators the Monetary Authority of Singapore and the Singapore Exchange are beefing up their enforcement arms ahead of the passage of
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  • 731 1  -  Independent shareholders once again taking on the Keswicks at A6M From Quak Hiang Whai in Honakoria DISGRUNTLED Jardine Matheson Holdings shareholders are once again circling the company as its annual general meeting draws near. And should the renegade shareholders
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  • 509 1  -  n exclusive Move comes as group posts USs3o.9m loss in first quarter By David Boey [SINGAPORE] Senior managers at Chartered Semiconductor Manufacturing believe in taking personal responsibility for their company's bottom line. The group posted its first loss in six quarters yesterday and its
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  • 793 1  -  Growing fear that Jakarta is losing trast of international community From Shoeb Kagda in Jakarta INDONESIA'S fragile economy is on the brink of collapsing again as the country's fractious political elite battle for supremacy, while the international community holds
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  • NEXT page
    • ON THE grapevine
      • 108 2 IF you're bored this weekend and want to celebrate this week's splendid recovery in your US stockmarket portfolio, here's one way to do it. We received an e-mail message yesterday on specials from Performance Motors, the agent for BMWs. Apparently they've got a few open category COEs that
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      • 79 2 WOULD you believe that there's a software out there which can mimic the way humans learn and think? A press release from SER Systems International says that its software—called SERbrainware —can be used, for instance, to settle the question of whether William Shakespeare was the
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    • 510 2  -  Investors bet on beneficiaries if he resigns after leave From, Eddie Toh in Kuala Lumpur CERTAIN Malaysian stocks surged yesterday on rumours that Finance Minister Daim Zainuddin is planning to quit on his return from his twomonth break in end-June
      Source: Bloomberg  -  510 words
    • 726 2  -  PEOPLE He plus to pursue his passion in organised psychekgyud leadership, go for further studies By> Rachel Ong [SINGAPORE] Tan Suee Chieh, managing director of Prudential's insurance business in Hongkong, Singapore and Malaysia, is leaving the company after 20 years. Asked why
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    • 535 2  -  Ample liquidity, reserves; sonnd fundamentals cited by analysts By Loh Hui Yin [SINGAPORE] Ample liquidity and reserves, sound economic fundamentals and better monitoring of money markets will help Hongkong stave off pressure on its currency's peg to the US
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  • Page 2 Advertisements
    • 82 2 Since 1975 our worldwide staff of over 275 multi-disciplined professionals V* W including lawyers, chartered accountants. i S chartered secretaries and bankers have J M S provided confidential and cost effective company formation in all the major low fl| tax areas Incorporation Fees from USSSOO The world's leading Florence Nathan
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    • 10 2 A welcome breath of fresh air in KL, Pg 7
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  • SINGAPORE companies
    • 434 3  -  No China licence yet; Singapore life insurer looking at various options By\ Loh Hui Yin SINGAPORE life insurer Great Eastern Holdings wants to go into the vast Chinese market, which is opening up ahead of China's entry into the World Trade Organization. "We have
      434 words
    • 315 3  -  By I Serena Ng OCBC Bank said yesterday it had appointed a new chief operating officer, Philip Spencer, to head its eFinancial services subsidiary Bank of Singapore Ltd (BOS). Group chief executive officer Alex Au will continue to be the chairman
      315 words
    • 1215 3  -  mm lock siew anthony rowley THE US Federal Reserve's surprise decision to lop a further half percentage point off the federal fluids rate has caused Tokyo stock prices to rise sharply, in sympathy with the recovery on Wall Street. But what is probably a
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    • 451 3  -  Investments abroad to make np 30% of holdings; some office assets to be divested Byi Marissa Chew KEPPEL Land will grow its overseas assets to 30 per cent of its total holdings even as it divests some office assets, its chairman Lim Chee Onn said.
      FILE PHOTO  -  451 words
    • 245 5  -  It will also axe staff, dispose of older, less-productive equipment w Vince Chong MAINBOARD-LISTED construction services firm Tiong Woon Corporation yesterday announced job cuts and equipment disposal on the back of waning profits. But there were no further details, as no one from the company
      FILE PHOTO  -  245 words
    • 203 5 Bloomberg BRIERLEY Investments, Air New Zealand's largest stakeholder, said it supports efforts to ease rules capping Singapore Airlines' stake at 25 per cent of the carrier. Brierley chief executive Greg Terry said he backs Air New Zealand's call for the New Zealand government
      Bloomberg  -  203 words
    • 475 5 This will improve efficiency and bring about synergies: mobile phone nnit head Bloomberg SINGAPORE Telecommunications Ltd wants to buy rival Mobile One Asia to boost market share from its current 60 per cent and improve efficiency, said Lucas Chow, chief executive
      Bloomberg  -  475 words
    • 231 5  -  Others in venture are Sat Pal Khattar, Elder Health Care By] Elaine Phua HAW Par Healthcare has teamed up with Sat Pal Khattar and Mumbai-listed Elder Health Care Ltd to continue the manufacture and distribution of Tiger brand and other pharmaceutical products in
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    • COMPANY Briefs
      • 87 5 THE Hour Glass says its wholly-owned subsidiary, Multiple Properties, is selling three Boat Quay properties for $3.78 million. The properties were acquired by Multiple in 1990 as investments and are rented out. In line with The Hour Glass's strategy to focus on its core
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      • 92 5 KUOK company Hovert Investments says its basic offer of $1.25 a share has gained acceptances amounting to 51.94 per cent of the issued capital of Pacific Carriers Ltd (PCL). Hovert intends to take PCL private. Its offer is now unconditional and the price will not be
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      • 53 5 POKKA Corp said net profit for the year to Jan 31 rose to $1.94 million from $1.1 million previously. Turnover increased to $117.81 million from $105.75 million. The company said market conditions are competitive but the group's performance in the current year is expected
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      • 58 5 HONG Leong Finance and Trans-Pacific Credit have notified i-One International that they had force-sold i-One shares pledged to them by controlling shareholder K K Fong. While Hong Leong unloaded 650,000 shares at an average 9.615 cents each, Trans-Pacific Credit sold 2 million shares
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      • 45 5 IN yesterday's report, "STI falls 13.2% to date", we mentioned that i-One Net's foray into Malaysian properties caused it to lose more than $20 million. This is incorrect. i-One Net has not made any foray into Malaysian properties. We are sorry for the error.
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  • Page 3 Advertisements
    • 1437 3 I HOTEL PROPERTIES LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-First Annual General Meeting of the Company will be held at the 2nd Floor Crescent Ballroom, Four Seasons Hotel Singapore, 190 Orchard Boulevard, Singapore *****6 on Wednesday, 23 May 2001 at 4.00
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  • SINGAPORE markets
    • 190 4  -  WARRANT WATCH By: R Sivanithy THE Straits Times Index may have rallied 4 per cent this week but for much of the broader market the story is the same as it has been for months no liquidity and narrow price movements. If there is no
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    • 222 4  -  HOT STOCK By Ven Sreenivasan VENTURE Manufacturing has leapt a whopping 30 per cent from its two-year low of $9.80 on Tuesday. The stock closed unchanged at $12.80 yesterday on volume of 2.7 million, down from its 10-day moving average of 3.4 million shares. The
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    • 598 4  -  l i comment STOCKS r. sivanithy NOT unexpectedly, the Straits Times Index came under pressure yesterday as punters locked in profits after its decent showing on Wednesday and Thursday. Thanks to a surge in Singapore Airlines shares, the index held
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    • 563 4  -  hi I comment CURRENCIES As/S$ jumps through vital resistance, targets year's 99 Sing cent high again larry wee THE US dollar continued to crumble against its non-Asian counterparts yesterday, but renewed export fears on US economic weakness, and another massive Indonesian rupiah fall forced
      Source: Reuters  -  563 words
    • 334 4 Stocks Vduww GES Intl Ltd 20c 22,271,000 Chart Semiconductor 26c 17,799,000 ST Assembly 25c 14,997,000 Omni Ind 10c 12,375,000 Goldtron 5c 12,328,000 PCI 25c 11,868,000 PacificCenturylOc 11,484,000 SembCorpI 25c 8,406,000 Poh Lian 10c 7,833,000 AddvalTech 2.5c 7,423,000 Stocks DBS Grp 90,469,012 Chart Semiconductor 26c 84,147,250 Datacraft 10c 50,719,928 SIA 47,818,308
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  • 2672 4 UNIT TRUSTS FUNDS Manager's prices (Ss)Apr 21 Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNCFd 0.763 0.802 Global Technology Fd!** 0.694 0.730 UK Blue Chip Fd!** 0.781 0.821 American Opport Fd 0.861 0.905 Cont Euro Eqty Fd!** 1.067 1.121 Japan EqtyFd!** 1.237 1.300 Asian Fixed Income Fd 1.090
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  • 5000 5 Net MTU EPS Medlastream 27-Mar P S.622L 5.754L UL 2.9L Ma TY LY TV LV Medl-Rad 16-Mar P 1.694 1.603 109 LIT Company am (4m) (Sin) (eta) (eta) MadtacsUSS 28-Mar P 2.147 3.617 0.73 1.38 r 1 Melban 27-Fad P 6.133 2.163 7.1 2.5 ABRHIdgs 31-Mar
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  • SINGAPORE news
    • 554 6  -  PARLiAMENTrrroa Only for those who play no big managerial role Reports by Chuang Peck Ming THE government has finally given the green light for executives who play no big managerial role to be in the same unions as workers. "The recommendation has been
      FILE PHOTO  -  554 words
    • 495 6  -  RAFFLES TOWN CLUB SAGA Parties concerned seek adjournment till May 4 to continue off-court talks Byi Conrad Raj THE Raffles Town Club quarrel appears to be at least a fortnight away from settlement. Lawyers acting for the various parties involved in several civil
      FILE PHOTO  -  495 words
    • 221 6 PACIFIC Century Regional Developments (PCRD) will launch 40 of 80 units at its No 1 Holt Road condominium this weekend at prices from $906 per sq ft. It is understood the average price for the 40 units is
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    • 556 6 Checking by independent third party also possibility STEPS wiU be taken including checks by an independent third party to ensure that electronic voting is secret, Home Affairs Minister Wong Kan Seng assured Parliament yesterday. In the writing of the software, the design
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    • 75 6 ONLINE financial services will be available to all Maybank Singapore customers from April 23. The Maybank2u service will complement existing phone banking, mobile phone banking and the Maybank eCard. Among other things, Maybank2u users will be able to conduct balance inquiries, fund transfers, credit card
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    • 369 6  -  By] Ling Su Ann ABN Amro Bank yesterday said it will join the housing loan fray to grab a larger slice of the already saturated market. Its two new packages available from Monday will offer one of the lowest rates
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    • 410 6  -  rare on the economy US rate cut Byi Anna Teo THE surprise 50 basis point US rate cut this week will, among other things, boost capital inflows into Asia and relieve pressure on Asian currencies, says SG Securities. In a Fundamental Asia report,
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    • 531 6  -  MAIL PETTI Ong Geok Hin Singapore via Internet I REFER to your article "Fee Fi Fo Fum" by Genevieve Cua (BT, April 11). A further case can be made and, that Is, the fees unit trusts charged are also of the "heads I win,
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    • 160 6  - Too much CPF in insurance Neo Aik Guat Singapore, via Internet I REFER to your report "CPF single-premium insurance sales hit $2.2b in 3 months" by Genevieve Cua (BT, Apr 10). Out of this $2.2 billion, insurance companies are coughing out 2 to 3 per cent to their agents. With
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  • REGIONAL news
    • 565 7 KUALA LUMPUR Rivals seen gaining from new roles without having to spend same costs Bloomberg OSK Holdings Bhd and other Malaysian brokerages that paid millions complying with orders to find merger partners are chafing at a policy change that could see rivals gain strength
      Bloomberg  -  565 words
    • 1280 7  -  Four recent events augur well for Malaysia WRITER'S JOURNAL karim raslan The writer is a KL-based author and lawyer THE past six months have been gloomy for Malaysia. From my office overlooking Kuala Lumpur, there are times when the smog of corruption
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    • 513 7 KUALA LUMPUR Move aimed at new foreign carriers, fresh flights Reuters MALAYSIA said yesterday foreign carriers inaugurating flights or adding operations to Kuala Lumpur will enjoy free landing and parking rights. The concession is a bid by the Kuala Lumpur International Airport (KLIA) to
      Reuters; FILE PHOTO  -  513 words
    • 316 7 CURRENCY SWAP Dr M concession paves way for Asia-wide currency swap Reuters [KUALA LUMPUR] Malaysia will bow to a majority decision on whether the IMF plays any role in an Asia-wide currency swap safety net aimed at protecting countries facing
      Reuters  -  316 words
    • 311 7 KUALA LUMPUR Lower interest rates raised demand for mainly Proton and Perodnacars Bloomberg FIRST-QUARTER vehicle sales in Malaysia rose 16 per cent as lower interest rates spurred demand for cars built by Perusahaan Otomobil Nasional Bhd (Proton) and other makers, an industry
      Bloomberg; REI'TERS  -  311 words
    • 229 7 KUALA LUMPUR AP MALAYSIA has evacuated the families of staff at a consulate in volatile Indonesian Borneo, citing safety fears because of tension over alleged mistreatment of an Indonesian maid in Malaysia. But Foreign Minister Syed Hamid Albar denied reports that the
      AP  -  229 words
    • 485 8 NEW DELHI India shareholders of Rediff.com claim they were misled by documents Bloomberg REDIFF.COM India shareholders are suing the country's only Nasdaq-listed Web site, claiming they were misled about the education of director Richard Li, founder of Pacific Century CyberWorks Ltd, and other
      Bloomberg; AFP  -  485 words
    • 378 8 HONGKONG Leases to be charged at HK$l.4O to HK$l.7O psf a month Bloomberg THE Hongkong government said it will lease out space in its controversial CyberPort information-technology office park for about half the cost of similar privatelyowned buildings. The government
      Bloomberg  -  378 words
    • 263 8 BOMBAY US power company may award mandate in a few days report AFP US-BASED energy company Enron Power Corp is putting in place plans to sell its majority stake in the troubled Dabhol Power Co in western India, reports said yesterday. "Enron is
      AFP  -  263 words
    • 229 8 BANGKOK AP A GOVERNMENT minister denied yesterday that Prime Minister Thaksin Shinawatra tried to avoid taxes by giving his son a US$9 million (5516.2 million) loan, a transaction likely to be investigated by an anti-corruption panel. Deputy Commerce Minister Suwan Walaisatien, one of Thailand's top
      AP  -  229 words
    • 340 8 NEW DELHI Demand for cheap, generic drugs in developing countries AFP INDIAN pharmaceutical companies making cheap, generic anti-Aids drugs are viewing a landmark case in South Africa as a lucrative opening for their products in the developing world. The world's big pharmaceutical manufacturers
      AFP  -  340 words
    • 380 8  -  From Audrey Tan in Hongkong HONGKONG'S unemployment rate continued to rise in March, as the slackening property sector led to more lay-offs in the construction and real estate industries. Latest government figures released yesterday show that the seasonally adjusted
      AFP File Photo  -  380 words
    • 421 8 HONGKONG Prime rates also cut; moves seen having limited impact Reuters HONGKONG banks slashed interest rates yesterday for the fourth time this year, but analysts said the move will bring little cheer to the territory amid worries over whether the US
      Reuters  -  421 words
    • ASIA Notes
      • 78 8 Reuters [BEIJING] China will revise rules on mergers and acquisitions by foreign companies to help boost foreign investment, China Securities reported yesterday. An amendment to the guidelines on foreign investment "has entered its final stage", the newspaper quoted Assistant Foreign Trade Minister Ma
        Reuters  -  78 words
      • 70 8 Bloomberg [TAIPEI] Taiwan's central bank lowered its key interest rate an eighth of a percentage point, the fifth cut since December, to help an economy sapped by falling exports, shrinking domestic spending and record unemployment. The central bank said it cut the key rediscount
        Bloomberg  -  70 words
      • 68 8 AFP [NEW DELHI] A securities watchdog on Thursday banned for life India's most controversial stockbroker from operating the financial markets for his role in the country's largest stock scandal. The Securities Exchange Board of India said it was "permanently barring" broker Harshad Mehta because he
        AFP  -  68 words
      • 79 8 Bloomberg [MANILA] Ayala Corp, which invests in real estate, banking and telecommunications, will have a first quarter profit little changed from last year, said chief executive Jaime Augusto Zobel de Ayala. The company made 1.37 billion pesos (5549.3 million) last year, 27 per cent
        Bloomberg  -  79 words

  • Page 8 Advertisements
    • 231 8 NOTICES To advertise call 1011-free 1800-741 1883 Fax No: 741 1298 j In the Mailer of Tht Companies Ad, Cap. 50 And In the Mailer of ABDULHUSAIN PROPERTIES PRIVATE LIMITED (In voluntary liquidation) MEMBERS' VOLUNTARY WINDING-UP NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50,
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    • 95 8 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Company Winding Up No. *****2 of 2001 In the Matter of the Companies Act,(Cap. 50) And In the Matter of POINTERS MARINE INDUSTRIAL SERVICES PTE LTD (RC No. *****2557 D) NOTICE OF WINDINGUP ORDER In the matter of POINTERS MARINE INDUSTRIAL
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    • 94 8 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ASIABYTE (S) PTE LTD (IN CREDITORS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN, pursuant to section 296 of the Companies Act, Cap. 50, that the Meeting of Creditors of the above named Company will be held at
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  • WORLD news
    • OTHER RESULTS
      • 113 9 Reuters [MORRIS TOWNSHIP, New Jersey] Honeywell International Inc yesterday posted a 91 per cent drop in first-quarter net profit after taking charges for cost-cutting moves meant to combat the effect of a slowing economy. First-quarter earnings came to US$4l million (5573.8 million), or five US cents
        Reuters  -  113 words
      • 98 9 Reuters [NEW YORK] Merck Co Inc, the world's No 3 seller of prescription drugs, yesterday posted an 11 per cent rise in first-quarter profits on robust sales of key drugs such as Vioxx for arthritis and the cholesterol fighter Zocor. It reported net income of
        Reuters  -  98 words
      • 130 9 Bloomberg [OSAKA] Daimaru Inc's second-half profit rose 25 per cent as additional group companies and higher sales at its wholesale and interior design units offset losses in the department store business. Daimaru indicated net income for the six months ended Feb 28 rose to
        Bloomberg  -  130 words
      • 85 9 Reuters [CAMBRIDGE, Massachusetts] Instant imaging company Polaroid Corp on Thursday posted a first-quarter operating loss of US$3B million (5568.4 million) as sales of cameras and film slowed from last year, especially in Europe and Asia. Its second-quarter results would likely be better than this quarter's,
        Reuters  -  85 words
      • 78 9 Bloomberg [WINSTON-SALEM, North Carolina] RJ Reynolds Tobacco Holdings Inc said first-quarter profit rose 25 per cent because it raised prices on its Winston, Camel and other cigarette brands and interest income almost doubled. Net income increased to US$lOO million (SslBo million), or 98 US
        Bloomberg  -  78 words
      • 82 9 Bloomberg [CHICAGO] Quaker Oats Co, the sports-drink maker being bought by PepsiCo Inc, said first-quarter profit rose 5.6 per cent as the company spent more on new products and sales of beverages and hot cereals increased. Profit from operations rose to US$lll.9 million (*****.4 million),
        Bloomberg  -  82 words
      • 95 9 Reuters [TOKYO] Japan Airlines Co saw its group net profit for the year ended March 31 soar 18.8 per cent from a previous estimate on brisk demand, helping it weather turbulent times in the global economy. JAL said yesterday group net profit amounted to 38
        Reuters  -  95 words
      • 118 9 Bloomberg [WESTLAKE VILLAGE, California] Dole Food Co, the world's largest fruit and vegetable producer, said first-quarter earnings fell 4.7 per cent and expects lower secondquarter profit, partly because of a higher tax rate. Second-quarter earnings will come to 55 US cents to 65 US
        Bloomberg  -  118 words
    • 389 9 Profit nearly triples as strong sales, tax breaks lift income AP AFP [SEATTLE] Buoyed by strong airplane deliveries and a substantial tax break, Boeing Co's first-quarter earnings nearly tripled from a year ago when the aerospace company was hurt by a strike. The latest
      AP; AFP  -  389 words
    • 310 9 SAN JOSE, California Bloomberg, Reuters FIRST-QUARTER unit sales of personal computers in the US declined from a year earlier for the first time, revealing a broad slowdown in demand that's spreading around the world, Gartner Dataquest said. US shipments fell 3.5 per
      Bloomberg,; Reuters  -  310 words
    • 666 9  -  ■n«> im but a prlce-flxer for the global economy, says JAMES QRAMT JAMES GRANT The writer is the editor of Grant's Interest Rate Observer. THE essential American financial dilemma is implied in a throwaway line in the statement released by the Federal Reserve
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    • 559 9 CORPORATE RESULTS But they remain downbeat on economy's near-term health and employment growth Reuters [NEW YORK] US chief executives, while pessimistic on the economy's near-term health, are growing more optimistic about the prospects for an economic recovery later this year, a Conference Board survey
      Reuters  -  559 words
    • 319 9 LONDON Bloomberg PRUDENTIAL pic, the British insurer that's trying to buy Houston-based American General Corp, said first-quar-ter sales of mutual funds, pensions and life insurance rose 29 per cent, led by demand from Asian clients. Sales increased to £642 million
      Bloomberg  -  319 words
    • 277 9 AP [LONDON] Baby, you're a rich man. Sir Paul McCartney, who sang that song with The Beatles, is Britain's richest musician, according to the Sunday Times' annual list of the country's wealthiest people. McCartney's personal fortune grew by £163 million (***** million) last year to
      AP; AFP  -  277 words

  • MOTORING
    • 626 10  -  After movies, BMW aims at a cyber audience now, says CHRISTOPHER TAN CHRISTOPHER TAN HAVING had a successful run supplying James Bond with rides on celluloid, BMW is moving to cyberspace to capture new
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    • 364 10 BMWs career on the silver screen started in the mid-*****, when the classic 507 (only 252 built) was snapped up by luminaries such as Ursula Andress, David Carradine and John Derek. It was given a leading role in the 1959 movie Invitation to Monaco, Grace
      FILE PHOTO  -  364 words
    • 830 10  -  With improvements in automotive technology, perhaps it is time for the authorities to rethink the speed limit says CHRISTOPHER TAN CHRISTOPHER TAN The writer recommends that this piece be taken lightly, except maybe that bit about DBS Bank THERE is a popular theory about space and time
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  • BT motoring
    • BUMPER to bumper
      • 97 11 DID you know that shock absorbers can affect the performance of anti-lock brakes (ABS)? With defective shocks, braking distance of cars fitted with ABS can increase by up to 20 per cent. In addition, the danger of aquaplaning rises, and stability in the curve becomes
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      • 185 11 HARLEY-Davidson Inc's Japanese unit said 2000 sales rose even as the domestic heavy motorcycle market shrank, helping the company overtake local makers for the first time in 16 years. Bloomberg said sales for the largest US motorcycle maker rose 7.6 per cent
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      • 140 11 MG ROVER has won a contract to supply the British government with Rover 75s for cabinet ministers' official use. The first car, a black 2.5-litre Connoisseur model, is already being used by Stephen Byers, the secretary of state at the Department of Trade
        140 words
      • 115 11 AUDI'S A 4 has emerged tops in an independent and comprehensive test. Leading German magazine Auto Bild evaluated the A 4 and its competitors from all angles from the anonymous purchase of the test vehicle at the dealer to the crash test performed by TUV
        115 words
      • 104 11 and wins yet more accolades ELSEWHERE, the new Audi A 4 has captured two coveted design awards within just a few days. The North Rhine-Westphalia Design Centre gave it its "red dot award" for its outstanding design. At the same time, the A 4 received the "Autonis" award presented by
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      • 206 11 HERE'S a car that promises to do what a mobile phone of the future might do. Volkswagen's prototype netconnect Passat is a multimedia car that is linked to the owner's home by various communication channels. Home and car communicate by two different paths. One of
        206 words
      • 89 11 HONDA Motor is recalling more than 110,000 Civic and Integra cars in Japan and Europe, AFP quoted government and company officials as saying. Honda will recall 114,448 vehicles made between June 1993 and December 1995 because of an engine starter defect, Japan's Ministry of Land,
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      • 81 11 SKODA ended 2000 with sales of 435,403 cars, 13 per cent up from 1999. Western Europe saw the biggest rise of 19.2 per cent to 229,109 units. The Octavia model led growth. It accounted for 158,503 units or 36 per cent of total
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      • 52 11  -  Compiled by Christopher Tan CITYCAB, Singapore's second largest taxi operator, has become the first in the industry to cover the families of drivers for outpatient medical consultation. The company, owned by listed DelGro Corp, is extending the benefit under its Enhanced Value Care Programme from
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    • 357 11 Volvo's new Gross Conntry bridges divide between traditional, modern segments IT'S not often that high waters and high fashion are mentioned in the same breath. But the two came together last night at S M Motors' showroom in Alexandra Road. In a flashbulb-lit affair that featured
      RICHARD CHNG  -  357 words
    • 632 11 MEET Alf Persson, Saab's most expensive employee. Mr Persson, 47, has cost the company more than half a billion kronor (SsBB million) excluding salary and benefits over the past 12 years. This extravagance is by no means due to his negligence. On the contrary, it is
      632 words
    • 158 11  -  Han Liang Yuan (Ms) Acting Senior Manager Corporate Communications Land Transport Authority WE refer to the letter "Stop misuse of commercial vehicles" by Mah Yew Fai (Wheel Matters, April 14). We share Mr Mah's concerns about the misuse of commercial vehicles for private
      158 words
    • 520 11  - Support the arts —and fall afoul of the law? Day-Lin Koh Singapore, via Internet "TO help nurture the arts and develop Singapore into a vibrant global city for the arts." This is the National Arts Council's mission statement. It has been a great effort and I applaud all who are
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  • Page 11 Advertisements
    • 93 11 If you have something $100 worth of motor-related to get off vouchers. Prizes are your chest, write to us. \/\/r IT 1 1 sponsored by We welcome feedback t STAMFORD TYRES, and suggestions from 8f I r .A J Ijfci f Oi Singapore s only j readers. listed tyre and
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  • e-NEWS
    • 514 12 TECH RESULTS Q1 loss in line with expectations; group hopes to return to profitability in H2 Reuters [STOCKHOLM] Swedish telecoms equipment maker Ericsson said yesterday it would make another loss in the second quarter and cut a further 12,000 jobs as it
      Reuters; AFP  -  514 words
    • 272 12 HELSINKI Bloomberg NOKIA Oyj, the top maker of cellular phones, said profit rose 9.4 per cent in the first quarter as it cut costs to counter slackening demand. The Finnish company lowered its forecast for full-year sales. Net
      Bloomberg  -  272 words
    • OTHER Results
      • 79 12 Bloomberg [LONDON] Egg pic, the best-performing UK bank stock this year, said first-quarter pre-tax loss narrowed by one per cent as it increased loans to credit card holders. Egg posted a pre-tax loss of £37.9 million (5597.4 million), or 3.4 pence a share,
        Bloomberg  -  79 words
      • 114 12 NYT [NEW YORK] Gateway suffered a higher-than-expected loss for the first quarter, after choosing to take a large number of special charges now in the hope of improving earnings later on. Including special charges, the company reported on Thursday a net loss of US$5O3
        NYT  -  114 words
      • 72 12 Reuters [TOKYO] Yahoo Japan reported yesterday a record net profit of 2.97 billion yen (5543.8 million) for the year ended March, helped by strong advertising revenues. Parent-only net profit surged 158 per cent to 39,329 yen per share, with sales up 129 per cent
        Reuters  -  72 words
      • 94 12 Reuters [FOSTER CITY, California] Internet search and content delivery developer Inktomi Corp on Thursday posted a quarterly loss in line with lowered estimates but said its turnaround would begin to take shape in the current quarter. Inktomi posted a net loss of U5527.6 million
        Reuters  -  94 words
    • 568 12 Reuters [SEATTLE] Microsoft Corp on Thursday posted third quarter profits and revenues that topped Wall Street estimates as the software giant bucked a wider technology slump with strong sales of its Windows 2000 operating system and other corporate software. The world's biggest software company
      Reuters  -  568 words
    • 477 12 BANGALORE Results beat analysts'forecasts, share price jumps Reuters WIPRO, India's largest software company by market value, reported yesterday that profit soared 151 per cent in the past quarter from a year earlier, beating analysts' expectations and causing its share price to jump.
      Reuters  -  477 words
    • 429 12 LONDON It also eyes BritTel's Internet service; but disagreement over price conld scuttle any deal NYT AFX-Asia AT&T is in talks with British Telecommunications to take control of their US$7 billion (5512.6 billion) joint venture that provides communications services
      NYT; AFX-Asia  -  429 words
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  • FINANCE & commodities
    • 270 13  -  SGX Derivatives Trading Report ST Index/MSClS'pore Index Wong Ann Chuen Refco (Singapore) Pte Ltd THE Singapore stock market rose yesterday, led by Singapore Airlines posting its biggest gain in 22 months. The Straits Times Index gained 10.25 points or 0.62 per cent to close at
      270 words
    • 234 13  -  MSCI Taiwan Index Refco Singapore THE Taiwan stock market traded narrowly yesterday amid mixed sentiment. The MSCI Taiwan Stock Index trimmed 1.32 points, or 0.52 per cent, to finish at 251.22 points. Turnover for the Taiwan stock index dropped to 623.76 million with 10 counters
      234 words
    • 239 13 Reuters London THE yen turned tail after a week of gains, shedding over one per cent against the US dollar and the euro yesterday, after Japanese Finance Minister Kiichi Miyazawa said he was paying attention to yen strength. The yen's 3 per cent gains against the US dollar
      Reuters  -  239 words
    • Article, Illustration
      1195 13 MTBRBAMK CROSS RATES tt n HK$ Yw Wen m H2$P«fcts Ptto S$ Ri»d Sfr MT$ Blrt Powrt US$ Australia 0.797 4274 0 572 3.752 1119 4.016 24.120 59.657 0.628 6.761 1957 1.245 31.*****.897 0.932 4.181 0.876 16.932 23.417 0.356 0 515 ni*l 0 I* 04 ***** 74.872 0.788 8.486 2.456
      1,195 words
    • 1920 13 m M MS <t -> >. I TT [n <- l.ru I H f «MHPMrt»»W > »HH|I lUml Wl<|l SICOM POTOEBS RUBBER (futures closing as at 5.30pm) RSS1 cents/kg) Close Volume Opto Month Hl» Lot Sttt (tonnes) Interest May 01 103.50 Jun 01 ***** 103.25 ***** 300 500 Jul 01
      1,920 words
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  • STOCKS east asia
    • 2848 14 HONGKONG AFP j Hang Seng -100.82 HONGKONG share prices fell 0.7 per cent yesterday on selective profit-taking following the previous day's sharp gains, dealers said. The key Hang Seng Index lost 100.82 points to close at 13,448.13 on an estimated turnover
      AFP  -  2,848 words
    • 2081 14 TOKYO AFP Nikkei 225 -MM TOKYO share prices fell back 0.7 per cent yesterday as investors took profits on high-tech issues, snubbing the continued rally of their US counterparts, brokers said. The Nikkei Average closed down 102.61 points at 13,765.67, reversing an 801.19-point surge
      AFP  -  2,081 words
    • Article, Illustration
      1105 14 AFP fj Shenzhen B Index +4M CHINA'S Shenzhen B Share Index gained 4.96 points, or 1.4 per cent, to 372.99 yesterday, paring an earlier rise. Shanghai B shares closed 0.2 per cent weaker in a technical correction as indices lost steam after hitting a series of record highs, dealers
      AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,105 words
    • 383 14 AFP J WP Index -ILB7 TAIWAN share prices closed 0.2 per cent lower yesterday despite Wall Street's gains on Thursday, analysts said. The Weighted Price Index shed 11.87 points to 5,596.65, on turnover of NT584.42 billion. "The market opened higher on Wall Street's overnight rally, but buying interest soon
      AFP  -  383 words
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  • STOCKS klse
    • 9030 15 MOUSTIULS Cmsmmt pnMt 2001 Last Vil Daw Nat Cm M«h Low Company Sato 'OOP Hl<h Law P/t $mM 340 290 Ajinomoto 290 unch 3 290 290 17 117.5 4 5 2 A5 A"H»" 28.5 1 40 32 28.5 42.0 342 282 Apollo Food Hlq 300 to 3 300 295 6.5
      9,030 words
    • 410 15 AFP +SJI MALAYSIAN shares closed up one per cent yesterday following sustained rises in US markets, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended up 5.66 points at 575.67, but off a high 0f582.69. The Second Board Index added
      AFP  -  410 words
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  • SGX clob & regional stocks
    • 2487 16 v *■< 'tmrnm tmm mmm BOHPS A WARRANTS Apr20 M bphf *n ImmtUm Um Mac mm Tl l Mi ««r- C0881 le» M» Prtee liiiUU 8rtle ftfce <*.( UW SS; 0.5 1 41.0 1 300 566 90.00 3 31 13 5 I "J 2.5 3 17.6 1 100 836 3.67
      2,487 words
    • Article, Illustration
      739 16 AFP P SET Into -M> THAI stocks fell 1.8 per cent yesterday due to profit-taking in the banking sector by investors disappointed with first-quarter earnings results, analysts said. The SET Composite Index declined 5.49 points to close at 292.58 points, while the SET 50 Index was off 0.40 points
      AFP  -  739 words
    • 287 16 AFP y Composite Index jg PHILIPPINE stocks fell slightly as foreigners continued to sell shares, ignoring a decision by the central bank to cut key rates, analysts said. The Composite Index fell 0.33 point to 1,428.54. Turnover was 236 million shares worth 411 million pesos. Apr 20 Pwo (OOP)
      AFP  -  287 words
    • Article, Illustration
      741 16 AFP n Composite Index -&45 INDONESIAN share prices closed 1.8 per cent down yesterday amid growing expectations that Parliament will issue a second censure motion against President Abdurrahman Wahid later this month, dealers said. The headlong fall of the rupiah yesterday added to negative sentiment towards local stocks, they
      AFP  -  741 words
    • 252 16 AFP g«SB4O +0.72 NEW Zealand stocks closed slightly higher yesterday with gains in Telecom offsetting falls elsewhere, dealers said. The NZSE-40 Index was up 0.72 points at 2,120.39 on turnover of NZ$lO6 million. Telecom was up eight cents at NZS6.SO.—AFP *F» COOP) Advantaga HDS 0.89 0.02 379 AirN2A 1.10
      AFP  -  252 words
    • 543 16 AFP ClAllOrdmirieg -19J0 AUSTRALIAN shares closed 0.6 per cent weaker yesterday after local investors proved more cautious than their counterparts on Wall Street, brokers said. The All Ordinaries Index closed 19.9 points lower at 3,243.7 while the SP/ASX2OO fell 20.7 points to 3,303.5. The All Industrials Index fell 51.1
      AFP  -  543 words
    • 312 16 AFP fl Composite Index -IJH2 KOREAN stocks fell 1.3 per cent. The index closed down 7.02 points at 556.29. Volume came to 472 million shares worth 2.2 trillion won. —AFP 9m Anam Semi 4735 -355 Brain Tecti 645 -35 Central Bank 170 unch Chail Comm ***** 700 Da* Gu
      AFP  -  312 words
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  • 7706 17 SOXMAINBOARD Gr Gf M Wt JU-Wk 1MI Vo» Day Lot Quota Dk Dh TM M Cm Am High low CoiwpMy Sale r06H) HWi Uw Bayer 5e8er Cw HI $3 Mb MULTI-INDUSTRY 153 39.5 c Ac ma 50c 45 cd -0.5 52 45 44 44 4S 0.5 19.9 0.C
    7,706 words
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  • The Arts
    • 998 18  -  Auteur! Auteur! While it's always good to have a focus, it's a shame to neglect the peripheries for the centre, since the margins can be equally interesting. With the centrepiece of the Singapore International Film Festival 2001 (SIFF) being the documentary, feature films find themselves in
      PHOTOS BY RICHARD CHNG  -  998 words
    • 793 19  -  AUTEUR! AUTEUR! Buddhadeb Dasgupta tells partathx nayab why creativity must never be complacent PARVATHI NAYAR PILM festivals are very important for a filmmaker, because his films are seen and written about by people not from his culture; he finds a market for his work and inspiration from the
      793 words
    • 644 19  -  Making movies in Sri Lanka can be a trying affair, but Bennett Rathnayake ploughs on, as stxsak tsang finds out SUSAN TSANG WHEN is truth stranger and more tortuous than fiction? When you're an independent filmmaker in Sri Lanka. Bollywood may be the most prolific film
      644 words
    • 611 19  -  SINGAPORE INTERNATIONAL FILM FESTIVAL Three short stories about a woman's lot in Iran strike a chord of yearning Reports by\ Susan Tsang THE Makhmalbaf family is so packed with filmmaking talent it's frightening. Mohsen Makhmalbaf (Gabbeh) is recognised as one of Iran's and the world's
      611 words
    • 544 19 THE practice of picking up leftover crops after the harvesters are through has a distinguished pedigree. The Biblical character Ruth may have been the most renowned gleaner, with the unknown peasants in a painting by Jean-Francois Millet a close second. In her documentary Les
      544 words
    • 414 19 The Ruination of Men is Arturo Ripstein's first foray into comedy. However, as the veteran Mexican director's films are all populated by losers, don't expect to roll in the aisles. In fact, this black comedy inspires claustrophobia more than anything else, with its enclosed settings,
      414 words
    • 987 20  -  Unconventional is the operative word in dance offerings at this year's Singapore Arts Festival, as cheah ui-hoon finds out CHEAH UI-HOON A FRENCH-Vietnamese production, a Korean-Indonesian fusion, a site-specific work, an all-female dance troupe and an all-male dance performance will be among those on
      987 words
    • 786 20  -  Photographer Gilles Massot displays his feel for Asia. By PARVATHI NAYAR By PARVATHI NAYAR YOU run many risks when you take art out of a gallery and hang it in a public space— but then again, you have the advantage of being in a milieu
      786 words
    • 940 20  -  There's a need for greater access and communication the essence of public art By\ Parvathi Nayar THE debate on public art is gaining some attention on the island, with a recent forum on "Art in Public Spaces" organised by the Goethe Institut; "Art and
      940 words
    • 529 22  -  The Rambert company did not disappoint in its programme of artful, yet accessible modern dance By l Cheah Ui-Hoon COOL Brittania? Most certainly, for those who caught the Rambert dance company's performance of a triple bill last week, even when there was a revival of a 20-year
      529 words
    • 557 22  -  An Occasional Orchid tackled gender and ethnic stereotypes with wit and ease, but though it was good, it wasn't great By. Aaron Lye RAVE reviews from international performances can only mean high expectations for An Occasional Orchid, the latest production to come from
      557 words



  • Article, Illustration
    119 21 The buzz: MacBeth the Opera, as performed by the Singapore Lyric Opera as a tribute to the 100th anniversary of the death of Verdi. Plot and players: Using modern touches for settings and costumes, this production of MacBeth will feature opera singers from the UK, Philippines and Norway, and
    119 words
  • 601 21  -  Compiled by Aaron Lye MUSIC Mother Earth Concert: Music for Nature Featuring a number of local talents including Annabelle Francis, Shayn Phua and local band Stoned Revivals, this concert of soothing beautiful music commemorates Earth Day. Apr 22,5pm-6.30pm, Botanic Gardens, Shaw Foundation Symphony Stage. Admission is free. PERFORMANCES
    601 words
  • Art beat
    • Article, Illustration
      162 21 rM w fFVin IN an effort to bring the arts closer to the people, the National Arts Council (NAC) is taking concerts straight to the workplace. In partnership with the NTUC Club, the NAC is lunch-time concert performances, collectively titled Lunch 'N Arts, at several offices around
      162 words
    • 103 21 Having hit the workplace, the NAC is heading for the schools. Titled Scrappy Power!, this touring exhibition will feature a somewhat different artform—the notations and preparatory sketches from artist sketchbooks and scrapbooks. In total, over 220 pieces of art will be on display, and are mostly comprised
      103 words
    • 211 21 It's certainly not an easy job to run a museum, but for the Asian Civilisations Museum in particular, that job's just become a little bit easier—with a $100,000 donation, the largest single cash donation by a private individual ever. The donor, Hwang Soo Jin, is a long-time supporter
      211 words
    • 173 21 IF you're visiting Venice between June 11 and Nov 4 this year, do drop by the Singapore Pavilion at Schola Sant Apollonia, Ponte Delia Canonica (behind St Mark's Square) as part of the Venice Biennale one of the oldest and most important international art festivals
      173 words
  • Page 21 Miscellaneous
    • 642 21 Rids Central U*o Jacked m B*o LOO Sines. Wiggles. 1200 5!5L VHI Pop Up Vi -MS Jagub Ayer Gemeroh. ua infertility, Untouches Rugrats. VAM am poltergeist SJo able (R). o*o Robbie And The Book 2*o What A C World CfeUMl MmnUM!* 2.00 Headline Graphics. of Tales. 3.00 Taste New Zealand.
      642 words
    • 320 21 CRKPWC CROSSWORD mm U m y y y y y r~ -n n n n H ACROSS 4 Foolish to use condiments in 1 Seaman shows contempt for high summer (5, 6) hard hat (8) 6 Nonconformist holds occasional 5 A moron returned with hospital dance... (7) sponge (6) 7
      320 words

  • New Asia Biz Woman
    • 1167 22  -  Janice Koh is arts administrator by day, actress by night. AARON LYE finds out how she juggles the two roles AARON LYE CERTAINLY it isn't unheard of for a person to juggle two jobs at a time, but when both those jobs have
      RICHARD CHNG  -  1,167 words