The Business Times, 5 May 2001
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2001-05-05
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The Business Times
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Title Section23 2001-05-05 1 THE BUSINESS TIMES MITA (P) 107/03/2001 S I N G A P O R E Internet: http;//business-times.asial .com.sg/ SATURDAY, MAY 5, 2001 85C23 words
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Article81 2001-05-05 1 □sn 1,714*84 (-19.39) BT-SEI 17L23 (-10.22) ST INDEX PUTUIES MMJO (-26.00) v i nMfiiiv mm 21L80 (-4.40) STOCK BASKET INDICES Friday Change KLSE COMP ***** -29.67 NIKKEI 22a dosed HANG SENG 12,390.99 -127.15 SET INDEX 306.48 +M# JAKARTA COMP 375J6 +162 MANILA COMP __1,442.46 +12.07 TAIPEI WPI ___A244.0681 words
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Article78 2001-05-05 1 FOBEX RATES uss s$ DSS (SSperUSS) 1.823 £(USS/SS per 1.4S6 2.615 EURO(USS/S$/E) 0.892 1.626 DM 2.192 L202 YEN 121.0 66.40 RM 1800 2.084 BSCS 7.799 4278 BAHT 46*5 24J8 RUPIAH 109,60 6,012 *.S3 to 100 units PRIME RATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK 9.50 MANILA 11.0078 words
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Article, Illustration956 2001-05-05 1 Teh Hooi Ling, Eddie Toh - Tycoon Ananda Krishnan's mobile unit set to launch bid, says A WSJ By' Teh Hooi Ling, Eddie Toh M&WbtiMnpur. MALAYSIAN tycoon Anand? Krishnan is set to launch a US$l.2 billion (552.2 billion) bid for Mobile One (Ml), Singapore's No 2 mobile phone956 words
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925 2001-05-05 1 Loh Hui Yin - Having turned a profit, Suzhou Park eyes a public listing By Loh Hui Yin [SINGAPORE] The 24 companies in the Singapore consortium that invested in the Suzhou Industrial Park (SIP) might yet see a decent return on their investments, now925 words
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643 2001-05-05 1 Eddie Toh - Dr M says it will own majority stake; Tenaga denies *hig From'. Eddie Toh in Kuala Lumpur CONFUSION reigned over the role Tenaga Nasional will play in the controversial Bakun hydroelectric dam project in Sarawak after a day of643 words
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416 2001-05-05 1 Reuters [KUALA LUMPUR] Malaysia's central Bank Negara dismissed market rumours yesterday of any meeting or statement on the ringgit peg as share prices plunged almost 5 per cent on fears of a devaluation. "There will be no meeting with bankers orReuters - 416 words
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507 2001-05-05 1 Ouster seen as sign of increasing frustration with US attitude NYT [UNITED NATIONS] In a move that reflected a growing frustration with America's attitude towards international organisations and programmes, the US was voted off the UN Human Rights CommissionNYT - 507 words
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Page 1 Advertisements
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Advertisement105 2001-05-05 1 nrsms BT Comment R. Sivanithy: The arbitrariness of arbitrage. Pg 5 Top stories US April joblesss rate rises to 4.5%, increasing the odds of a Fed rate cut next month. Mext Page GIC unit invests USssom in venture fund run by Walden. Next Pago Exchange-traded funds make shaky debut on105 words
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Advertisement13 2001-05-05 1 among the sound bites ib if r i m The Arts, Pg 2213 words
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Advertisement25 2001-05-05 1 S'pore sera as successful in 'software'transfer, Pg2 Give us your vote on how S'pore firms in Suzhou will do this year at httptf/bu*ln***-tinf*.mslm 1 .com.sg25 words
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Advertisement16 2001-05-05 1 S-E Asia mired in zero-sum politics, says Karim Raslan Page 8 MOTORING Rolls-Royce wH Page 1216 words
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Article, Illustration524 2001-05-05 2 Eddie Toh - From Eddie Toh in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad yesterday took another jibe at Finance Minister Daim Zainuddin, who has gone on two months' leave of absence. "He is on leave and he still works. If you524 words
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Article, Illustration632 2001-05-05 2 Loh Hui Yin - Over 149,000 China officials learnt from SIP: former CEO By] Loh Hui Yin [SINGAPORE] If there is one good non-financial measure of the Suzhou Industrial Park's (SIP) success, it is the transfer of Singapore's "software" to the Chinese, said Lim Neo632 words
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750 2001-05-05 2 Catherine Ong - Higher job losses make Fed cat almost certain, analysts say From( Catherine Ong in New York THE US economy shed jobs at a faster-than-expected rate in April, raising unemployment to 4.5 per cent and making it almost certain that750 words
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225 2001-05-05 2 Tang Weng Fai - By l Tang Weng Fai [SINGAPORE] GIC Special Investments has pumped US$5O million (Ss9l million) into a venture capital fund run by Walden International Investment Group. The investment by the private equity arm of the Government of Singapore Investment Corporation225 words
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SINGAPORE companies
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320 2001-05-05 3 Andrea Tan - By. Andrea Tan PARKWAY Holdings shares were again ramped up by investors yesterday on renewed speculation that Capita Land has found a buyer for its 16.7 per cent stake in' the healthcare group. This time, the rumoured buyer is Australia's320 words
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346 2001-05-05 3 Bloomberg DBS Group Holdings Ltd intends to sell $800 million of bonds, said Goldman Sachs Group Inc, a quarter less than it had planned. The bond sale is less than the $1.1 billion that DBS chief financial officer Jackson Tai said lastBloomberg - 346 words
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149 2001-05-05 3 Reuters [HONG KONG] Due diligence for DBS Bank's offer of up to HK$45 billion (US$lO.5 billion) for Dao Heng Bank will be completed today, but a Dao Heng spokeswoman declined to say whether the price would be cut. "It's not correctReuters - 149 words
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Article, Illustration379 2001-05-05 3 David Boey - Market worries abont likely depressed earnings at Optus take toll By David Boey SINGAPORE Telecommunications shares slid three cents to an all-time closing low of $1.74 yesterday, weighed down by market worries that results next week from its proposed Australian acquisition Cable Wireless Optus maySource: Bloomberg - 379 words
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Article, Illustration554 2001-05-05 3 Siow Li Sen - Some profess ignorance about products; of the five ETFs launched, SAP 500 SPDRs saw highest volume By I Siow Li Sen EXCHANGE-TRADED fUnds (ETFs) got off to a shaky start on the Singapore Exchange (SGX) yesterday, with some investors and brokers professingRICHARD CHNG - 554 words
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Article, Illustration386 2001-05-05 5 Kalpana Rashiwala - But its Hotel Malaysia subsidiary reports 41% fall in net earnings By] Kalpana Rashiwala GOODWOOD Park Hotel reported a marginal 0.6 per cent increase in group net profit for the six months ended March 31 to $20 million. Subsidiary Hotel Malaysia, however,FILE PHOTO - 386 words
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152 2001-05-05 5 Reuters SINGAPORE Airlines (SIA) said yesterday its overall load factor in March was 71.1 per cent, a 0.6-point decline compared with the same month last year. SlA's cargo load factor fell to 68.3 per cent from 69.3 per cent in March 2000,Reuters - 152 words
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357 2001-05-05 5 Officials trying to get group's fonnder to cover any shortfall in assets pledged Reuters [JAKARTA] Indonesia said yesterday that it was close to getting a personal guarantee from the founder of the debtladen Sinar Mas Group as part of aReuters - 357 words
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Article893 2001-05-05 5 r sivanithy - lock siew r sivanithy ONE of the most perplexing questions about the local stock market is the issue of arbitrage in particular whether the system allows for crossborder arbitrage and, if it does, whether people actually bother with it at all. While most people would like893 words
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Page 3 Advertisements
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Advertisement899 2001-05-05 3 djfgjjlh DEL MONTE PACIFIC LIMITED (Incorporated in the British Virgin Islands with limited liability) NOTICE OF GENERAL MEETING NOTICE IS HEREBY GIVEN that a GENERAL MEETING of the Company will be held at the Mercury Room, Level 4, The Westin Stamford Westin Plaza, 2 Stamford Road, Singapore *****2 on Tuesday,899 words
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Advertisement1115 2001-05-05 3 DEL MONTE PACIFIC LIMITED (Incorporated in the British Virgin Islands with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of Del Monte Pacific Limited ("the Company") will be held at the Mercury Room, Level 4, The Westin Stamford Westin Plaza, 21,115 words
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SINGAPORE markets
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Article, Illustration185 2001-05-05 4 R Sivanithy - WARRANT WATCH By] R Sivanithy THERE seems to be some underlying firmness in the penny segment, probably reflecting the belief that values can't go any lower. As such, some long-dated warrants have been in play recently, particularly those that cost less than 20 cents.185 words
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Article, Illustration243 2001-05-05 4 Serena Ng - HOT STOCK By\ Serena Ng THE stock of DBS Group Holdings has edged up during the past two weeks and could rise further. Although it finished 60 cents off at $15.50 yesterday on a volume of 2.2 million, the counter remains significantly above its243 words
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Article, Illustration624 2001-05-05 4 r. sivanithy - -1 i comment STOCKS r. sivanithy THE Straits Times Index yesterday fell 19.39 points to 1,714.84 in line with Wall Street's overnight drop. But perhaps what was significant about the session was that the prices in the broad market624 words
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Article, Illustration535 2001-05-05 4 larry wee - I-j ri comment CURRENCIES Players suspect MAS intervention near the dose, just like last Friday larry wee IN WHAT seemed like a replay of last Friday, speculation was rife yesterday that the Monetary Authority of Singapore stepped in near the AsianSource: Reuters - 535 words
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Article317 2001-05-05 4 Stock* Votaw Parkway H 25c 30,388,000 PacificCenturylOc 23,821,000 TianjinZhong 17,737,000 AddvaiTech 2.5c 16,066,000 SingTel 15c 13,439,000 Gokftron5c 11,141,000 PCI 25c 10,398,000 Chart Semiconductor 26c 10,061,000 Strike Enffi 5c 9,464,000 AEM-Evertech 5c 9,409,000 Stocks Chart Semiconductor 26c 57,580,000 Datacraft 10c 45,583,007 DBSGrp 34,873,516 Parkway H 25c 31,288,160 SingTel 15c 23,400,510 Tianjin317 words
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Article2849 2001-05-05 4 UNIT TRUSTS FUNDS Manager's prices (Ss)May 5 Abirdun Amt Mgt Asia Ltd Aberdeen Select Portfolio: Global MNCFd 0.790 0.830 Global Technology Fdl" 0.742 0.780 UK Blue Chip Fdl" 0.792 0.833 American Opport Fd 0.880 0.92S Cont Euro Eqty Fd!** 1.112 1.169 Japan Eqty Fdl" 1.322 1.389 Asian Fixed Income Fd2,849 words
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Article4829 2001-05-05 5 Nat Mm m MAC Engg 26-Mar P 3.181 2.576 241 U Ma TV LY TY LY Mayfran 22-Mar P 12 0.234 &«2 0.17 CiwaiY mm (to) (to! (cts) KM MCL Land 2t-fa» P 25.909 33*18 7 9.2 1=4 Madtortog 21-Mar P 55.955L 25*541 7.9L X*. ABRHIdgs4,829 words
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SINGAPORE news
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408 2001-05-05 6 Conrad Raj - Process can begin before arbitrator is appointed By i Conrad Raj THE Singapore International Arbitration Centre has come up with a new set of rules to speed up the arbitration process as an increasing number of local parties are turning to408 words
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Article59 2001-05-05 6 In yesterday's report, "Two groups plan class action against Raffles Town Club", we quoted a club member as saying the child care centre at the club is open to the public. Kinderland Educare Services, which runs the child care centre, has clarified that it enrols only children of members59 words
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Article, Illustration283 2001-05-05 6 Adeline Chuah - Saba is honoured for promoting S'pore image and identity overseas Byi Adeline Chuah THE Singapoce-American Business Association (Saba) was presented the first Singapore International Foundation (SIF) award by President S R Nathan yesterday. The award recognises the efforts of Singaporeans who promote and communicateRICHARD CHNG - 283 words
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176 2001-05-05 6 SINGAPORE'S pursuit of free trade deals has extended to Europe, with the Republic now due to start talks with the European Free Trade Association (Efta) in July. A joint statement issued here and in Geneva yesterday said the first round of talks176 words
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Article, Illustration333 2001-05-05 6 Trina Foo - Edwin Lee wants a retraction from Sam Goi on CSCs 'golf club plans' By Trina Foo THE president-elect of Chinese Swimming Club (SCS), Edwin Lee, yesterday dismissed as "unfounded and misleading" some of the statements made by Sam Goi, his rival for the presidency. MrFILE PHOTO - 333 words
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170 2001-05-05 6 Narayana Narayana Singapore via Internet - Narayana Narayana Singapore via Internet I REFER to the letter, ''Want steady income? Get bonds, not stocks" by Ho Kai Weng (Mailbag, April 26). I have followed Mr Ho's advice to put my money into bonds and loan stocks for income, and got my capital170 words
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272 2001-05-05 6 Chun Soo Chew (Raymond) Singapore, via Internet - MAILISET? Chun Soo Chew (Raymond) Singapore, via Internet I REFER to your article "Ebitda is apt for Sing Tel, DBS" by Paul Thompson (Hock Lock Siew, April 27). Ebitda (earnings before interest, tax, depreciation and amortisation) is indeed a superior measure of operational profit272 words
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171 2001-05-05 6 Pang Sang Choi RTC member Singapore - Pang Sang Choi RTC member Singapore THE developers and shareholders of the Raffles Town Club must be congratulated for their brilliance in conjuring up their membership recruitment scheme. Members of the public in Singapore may be interested to know that in Malaysia, the Registrar171 words
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Page 6 Advertisements
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Advertisement541 2001-05-05 6 Rie concerns over a faltering US economy, growing instability in the South-east Asian region and the irreversible trend toward globalization is forcing companies to re-examine their business strategies so as to better meet the new challenges and opportunities ahead. Local businesses must be prepared to face the many new challenges541 words
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REGIONAL news
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380 2001-05-05 7 Eddie Toh - Parent RHB Capital also said it'll review its 'universal broker' status From] Eddie Toh in Kuala Lumpur RHB Capital said yesterday its Rashid Hussain Securities (RHS) will not go ahead with the approved plan to buy all three brokerages, which it380 words
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485 2001-05-05 7 KUALA LUMPUR MPV said to be priced at between RM40,000 and RM50,000 Reuters MALAYSIAN national carmaker Perusahaan Otomobil Nasional Bhd (Proton) is to launch next month a multipurpose vehicle (MPV) jointly developed with Mitsubishi Motor Corp, industry sources said yesterday. Proton, Malaysia'sReuters - 485 words
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188 2001-05-05 7 KUALA LUMPUR AP MALAYSIAN Pacific Industries Bhd, the largest listed semiconductor assembler in Malaysia, warned yesterday that its April to June earnings would be worse than the previous quarter. The decline reflects hard times in the local electronics industry due to theAP - 188 words
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Article, Illustration306 2001-05-05 7 KUALA LUMPUR PTP chairman confident of reaching target of two million TEUs this year THE Port of Tanjung Pelepas in Johor has handled its one millionth container in less than two years, a performance made possible by Maersk Sealand. The volume is halfFILE PHOTO - 306 words
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352 2001-05-05 7 KUALA LUMPUR AFP TWO supporters of jailed politician Anwar Ibrahim won an initial court battle yesterday against their arrest for over three weeks under a controversial law allowing indefinite detention without trial. High Court judge Mohamad Hishammuddin Mohamad Yunus, hearing habeas corpus applicationsAFP - 352 words
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Article, Illustration707 2001-05-05 8 Harish Mehta - ASEAH ECONOMIC MDnSTERS' RETREAT Move is to assess competitiveness vis-a-vis China, Latin America, Eastern Europe From Harish Mehta in&iemßeap ASEAN is commissioning a competitiveness study of its strengths and weaknesses in a bid to attain its economic interests in an environment fraught with competitionAFP - 707 words
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316 2001-05-05 8 JAKARTA AFP INDONESIAN president Abdurrahman Wahid's political party has thrown its weight behind proposals that he delegate executive power to his vice-president, Megawati Sukarnoputri, a party official said yesterday. "I think it is a way out of the crisis," Chotibul Umam,AFP - 316 words
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285 2001-05-05 8 MANILA Manhunt will continue until they are found: Arroyo AFP PHILIPPINE President Gloria Arroyo has advised two key allies of jailed former president Joseph Estrada being hunted in connection with a failed power grab to "face the music" and surrender, a statement said Friday.AFP - 285 words
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283 2001-05-05 8 BANGKOK AP IN a bid to quickly settle his landmark corruption case, Prime Minister Thaksin Shinawatra's lawyers said yesterday they will not put most of the defence witnesses on the stand. The Constitutional Court agreed to a request from Mr Thaksin's defence that 24 ofAP - 283 words
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Article, Illustration1168 2001-05-05 8 karim raslan - WRITER S JOURNAL It's a direct resnlt of'patronage networks' that encircle the communities karim raslan POLITICS in South-east Asia has spiralled out of control. With street demonstrations in Manila, tension in Jakarta, bomb threats in Bangkok and ISA arrests in Kuala Lumpur, disorder and unrest1,168 words
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567 2001-05-05 9 Audrey Tan - Fall follows news of Shenzhen crackdown on illegal trading From. Audrey Tan in Hong Kong CHINA-LINKED stocks slipped in Hong Kong yesterday after news emerged that the Shenzhen securities regulator had begun a crackdown on illegal trading of Hong Kong shares by mainland567 words
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269 2001-05-05 9 HONGKONG Reuters HONG Kong transit railway MTR Corp and number two mainland wireless carrier China Unicom Ltd will join the blue chip Hang Seng Index on June 1, less than a year after their listings, the index's compiler saidReuters - 269 words
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381 2001-05-05 9 HONGKONG Concern over lack of liquidity and volatility Reuters THE Morgan Stanley Capital International (MSCI) China Free Index Futures are likely to get a cautious reception at their launch on May 7 in spite of surging interest in China domestic hardReuters - 381 words
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ASIA Notes
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68 2001-05-05 9 AFX-Asia [HONG KONG] Pacific Century CyberWorks spokesperson Joan Wagner declined to comment on reports that it plans to sell about HK$lO billion (552.3 billion) worth of non-core assets to reduce its debt. The Ming Pao Daily cited market sources as saying the debt reductionAFX-Asia - 68 words
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Article56 2001-05-05 9 Reuters [HONG KONG] Credit Suisse First Boston yesterday said it had upgraded its investment ratings to "buy" on chipmakers Taiwan Semiconductor Manufacturing Co and United Microelectronics Corp. The investment house said both firms had attractive valuations. Shares in TSMC dipped NT$3 to NT$93, while UMCReuters - 56 words
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57 2001-05-05 9 AFX-Asia [HONG KONG] HKCB Bank Ltd said it is in talks to buy up to three local consumer finance related businesses, the Hong Kong iMail reported, quoting managing director Raymond Lee. "Consolidation in the industry is inevitable and we have been looking into some acquisitionsAFX-Asia - 57 words
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Article65 2001-05-05 9 Reuters [TAIPEI] Taiwan's Chunghwa Telecom will sell a 5-10 per cent stake in a domestic offering to be started within two months, a Ministry of Transportation and Communications official said yesterday. The offer would be held through public auctions and private placements to bothReuters - 65 words
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Article, Illustration418 2001-05-05 9 Reuters [HONG KONG] Shares of HSBC Holdings fell 1.5 per cent in Hong Kong yesterday amid speculation the banking giant was preparing a large share issue to fund a major acquisition, and analysts tipped US investment bank Merrill Lynch as a possible target.Reuters; AFP FILE PHOTO - 418 words
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Page 7 Advertisements
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Advertisement22 2001-05-05 7 FOUND SOMETHING? Locate its owner through Classification 821 (Found). t Simply call C.A.T.S. at 1800-737-1166 for this free service. Another Classified Service22 words
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Advertisement1266 2001-05-05 7 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 UNISTEEL TECHNOLOGY LIMITED (Incorporatedin the Repubk of Singapore) NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company wM be held at 33 Loyang Crescent Loyang Industrial Estate, Singapore *****4 on 24 May 2001 at 10flO am1,266 words
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Page 8 Advertisements
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Advertisement1635 2001-05-05 8 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAR 50. AND IN THE MATTER OF CRESCENT FINE COFFEES PTE LTD (IN CREDITORS' VOIUNTARY LIQUIDATION) At an Extraordinary Generol Meeling of the abovenamed Company duly convened and held at 89 Short1,635 words
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Page 9 Advertisements
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Advertisement1958 2001-05-05 9 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 SUPERIOR MULTI-MCKAGING LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Second Annual General Meeting of Superior Multi-Packaging Limited will be held at No. 7 Benoi Sector, Singapore *****2 on1,958 words
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Page 10 Advertisements
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Advertisement785 2001-05-05 10 GOODWOOD PARK HOTEL LIMITED AND ITS SUBSIDIARIES (Incorporated In Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT I UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2001 1. Unaudited Profit and Loss Accounts The Group The Company 2001 2000 Change 2001 2000 Change Ss'ooo Ss'ooo SS'OOO Ss'ooo Revenue Hotel operations 59,733 61,487785 words
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Advertisement755 2001-05-05 10 HOTEL MALAYSIA LIMITED AND ITS SUBSIDIARY (Incorporated In Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT I UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2001 1. Unaudited Profit and Loss Accounts The Group The Company 2001 2000 Change 2001 2000 Change Ss'ooo Ss'ooo Ss'ooo Ss'ooo Revenue Investment income 9,335 9,013 +3.6755 words
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e-NEWS
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Article, Illustration673 2001-05-05 11 NEW YORK It will continue to compete by slashing prices on key computer lines Reuters COMPAQ Computer Corp, which has lost the top spot to Dell Computer Corp in the first quarter of the year, said it will compete by slashing prices on keyReuters; FILE PHOTO - 673 words
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Article182 2001-05-05 11 AP [DALLAS] Dell Computer Corp is recalling about 284,000 batteries used in its notebook computers because they can overheat and catch fire. Dell and the Consumer Product Safety Commission said Thursday the company had heard One report of a battery that caught fire, causing minor damage.AP - 182 words
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552 2001-05-05 11 HONGKONG Its facing thin margins, stagnant user base, mm to broadband Reuters HONG Kong's Internet service providers (ISPs), which are battling thin margins, a stagnant user base and a shift towards faster broadband service, are poised for consolidation, analysts say. More than 240 ISPsReuters - 552 words
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Article, Illustration414 2001-05-05 11 It says open source movement threatens commercial IPRs Reuters, Bloomberg MICROSOFT Corp on Thursday declared war on the Linux operating system and other rival software that share their basic instruction codes with the public, saying the "free software" movement poses a fundamental threatReuters,; Bloomberg; AP - 414 words
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256 2001-05-05 11 LOS ANGELES Napster most Mid a copyright friendly version if its service LAT-WP BELEAGUERED Napster, struggling to meet the demands of the courts and the music industry, is in talks .with Microsoft about using the software giant's technology to help build aLAT-WP - 256 words
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Page 11 Advertisements
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Advertisement1084 2001-05-05 11 HOTUtWOiOW NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hotung Investment Holdings Limited (the Company) will be held at Taipei International Convention Center, Function Room No. 105, No. 1 Hsin-I Road, Sec. 5, Taipei, Taiwan, R.O.C. on May 29, 2001 (Tue) at 10:001,084 words
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MOTORING
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Article, Illustration1458 2001-05-05 12 KANNAN CHANDRAN - Bentley, RR's twin marque since 1933, steers its own course under VW ownership. KAmvAM chamdram rediscovers the brand during a heritage drive in Sydney KANNAN CHANDRAN The writer is a freelance motoring journalist BENTLEY Motors is on a quest to prove it can stand on its own1,458 words
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Article231 2001-05-05 12 Christopher Tan - Its cars will join 24-honr endurance race after absence of over 70 years By Christopher Tan [LE MANS, France] Team Bentiey will power its EXP Speed 8 Le Mans prototype down the legendary Le Mans track tomorrow, the official test weekend for this year's231 words
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898 2001-05-05 13 CHRISTOPHER TAN - Christopher tam sheds light on supply-and-demand, profit margins, and other concepts seemingly alien to some motorists CHRISTOPHER TAN CULT movie Invasion of The Body Snatchers, first screened in 1956 and re-made at least twice since, was a cheesy yet unforgettable tale about space898 words
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BUMPER to BUMPER
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Article157 2001-05-05 13 YOU may soon be able to refuel your car and buy a burger using a high-tech key tag. ExxonMobil hair refined its Speedpass smart pumps, replacing a pager-sized transponder unit (attached to the rear windscreen) with a whistle-size key tag that can be tflfl iiaftr'sCTßriitftfirri. This najthfraiffl157 words
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Article82 2001-05-05 13 BMW is the top car brand in Hongkong, the Philippines, Singapore, Taiwan and Thailand, and also clinched the top overall award for Asia for the second consecutive year, according to a poll conducted by Reader's Digest in Asia. The survey covered a range of lifestyle82 words
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Article, Illustration99 2001-05-05 13 VOLKSWAGEN plans to spend US$l billion in tile next five years to expand production in Mexico to take advantage of Mexican free trade agreements with some of the world's major economies. Bloomberg reported that the group would invest in its complex in the city of99 words
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96 2001-05-05 13 VOLKSWAGEN has taken a 60 per cent stake in a components joint venture with state-owned Chinese companies Shanghai Automotive Industry Corp and First Automotive Works. According to the Ftmmcial Times, the companies will build a gearbox fectory in Shanghai with an initial investment96 words
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Article94 2001-05-05 13 AMERICAN safety regulators have announced the recall of 3.4 million Evenfio "Joyride" combination infant car seats and carriers—the fifth such multi-use baby seat recalled in the past two years, according to Reuters. The seat, which has injured at least 97 babies, is among nearly 1094 words
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Article89 2001-05-05 13 FORD has appointed Dan Brieschke to replace Nihar Patel as regional manager for Asia-Pacific direct markets. Mr Patel goes on to become group brand manager for Mazda, working out of Hiroshima, Japan. In his new role, Mr Brieschke will lead marketing and sales operations, and89 words
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Article64 2001-05-05 13 Christopher Tan - Compiled by Christopher Tan IF YOU haven't noticed, traffic signal lights at several junctions are now significantly shorter. According to official sources, this is so occupants of vehicles in the first row can better see the lights changing. In the past, lights were too tall, and supplementary64 words
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Article, Illustration414 2001-05-05 13 Jacqueline Tham - Jacqueline Tham Public Relations Manager Comfort Transportation Singapore I REFER to the letter "3 periods when taxi service is really bad" by Richard Loh (BT, April 26). Comfort operates a maximum quota of 10,000 taxis. Every day, our fleet makes 350,000 trips. DuringFILE PHOTO - 414 words
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Article59 2001-05-05 13 Jim E C Tan Singapore via Internet - Jim E C Tan Singapore via Internet I REFER to recent letters about drivers queuing for cheaper fuel along Bukit Timah Road. I would encourage more motorists to join the queue, as this might encourage petrol stations elsewhere to offer discounts. Oil companies should look into59 words
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Article96 2001-05-05 13 Lee Thien Poh Singapore via Internet - Lee Thien Poh Singapore via Internet OVER the past week, it was reported that STA and Vicom were increasing their vehicle inspection fees. The fees quoted did not include GST. The government has stated clearly that all prices should include GST. Why are STA and96 words
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467 2001-05-05 13 Clarence Ho Singapore via Internet - Clarence Ho Singapore via Internet I AM writing to share my thoughts on parking in Singapore and why I think certain cashless payment modes work while others don't. The cashless parking systems in operation at Gleneagles Hospital, Wisma and Übi Road 1-2-3 have met467 words
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Page 13 Advertisements
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Advertisement91 2001-05-05 13 If yon have something $100 worth of motor-related to get off vouchers. Prizes are your chest, write to us. f f —cr cr:' sponsored by We welcome feedback m STAMFORD TYRES. and suggestions from ~t~ v- Singapore s only readers. listed ty r e and auto The AUTOMOBILE services group.91 words
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WORLD news
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512 2001-05-05 14 LONDON This will create the fourth largest bank, by assets, in the United Kingdom Bloomberg HALIFAX Group Pic and Bank of Scotland agreed to a £10.5 billion (5527.4 billion) merger that will form the UK's fourth largest bank by assets.Bloomberg - 512 words
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Article, Illustration589 2001-05-05 14 PEOPLE Reuters [LONDON] James Crosby is not a man to underestimate. The 44-year old bespectacled chief executive of Halifax Group Pic had until recently been regarded as an unexciting addition to Britain's league of top bankers as he steered the mortgage bank through a steadyReuters; AP - 589 words
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447 2001-05-05 14 NEW YORK No agreement on how to handle financial crises NT Fed chief Reuters US Federal Reserve Bank of New York president William McDonough said on Thursday the international financial system is showing some signs of strain from a slowdown in global growth. Mr McDonough,Reuters - 447 words
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288 2001-05-05 14 WASHINGTON Reuters FEDERAL Reserve chairman Alan Greenspan and other central bank officials acted on vital information gathered from corporations when it made an unexpected half-per-centage point cut in US interest rates in April, the Washington Post reported onReuters - 288 words
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Article, Illustration61 2001-05-05 14 AP [LOS ANGELES] Tina Wesson celebrates after winning the US$l million jackpot on "Survivor: The Australian Outback" on Thursday in Los Angeles. Ms Wesson, a 40-year-old wife and mother of two from Knoxville, Tennessee, was picked as thefinal survivor in votes cast by a jury of sevenAP - 61 words
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291 2001-05-05 14 m DETROIT AP GENERAL Motors Corp plans to idle two North American plants for next week, briefly laying off 3,500 workers as it continues trimming output to compensate for soft US sales. The world's largest automaker said on Thursday thatAP - 291 words
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WORLD Watch
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94 2001-05-05 14 Bloomberg [LONDON] Speculation that British Prime Minister Tony Blair will call a June 7 general election next week grew after he cancelled a planned Monday visit to Berlin. His Downing Street residence confirmed that Mr Blair is staying at home to concentrate on "domestic"Bloomberg - 94 words
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69 2001-05-05 14 Reuters [SEOUL] South Korea's top mobile carrier SK Telecom yesterday said first-quarter net profit more than doubled from a year ago, helped by reduced marketing costs after a government banned handset subsidies. Profit rose 104 per cent to a record 400 billionReuters - 69 words
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82 2001-05-05 14 Reuters [BOSTON] John Hancock Financial Services, a US life insurer, said on Thursday its first-quarter operating profits fell 7 per cent, in line with expectations, as it made less money on its stock market-sensitive annuity and money management businesses. The insurer, which converted from aReuters - 82 words
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92 2001-05-05 14 Bloomberg [BONN] Deutsche Post, Europe's largest mail carrier by sales, said it plans to start offering customers electricity contracts, as it seeks to provide a range of services from telecommunications to finance to power. The state-controlled postal service said it will introduce electricity services inBloomberg - 92 words
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Article66 2001-05-05 14 Bloomberg [SYDNEY] Westpac Banking Corp, reporting first-half profit rose 13 per cent, said a slowing economy may crimp growth in the second half. Australia's third-largest lender said net income in the six months to March 31 rose to A 5924 million (*****.6 million), orBloomberg - 66 words
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Article121 2001-05-05 14 AFP [WASHINGTON] US Treasury Secretary Paul O'Neill expressed caution on Thursday on using US funds to rescue troubled economies such as Argentina and Turkey. "I have been working hard both on the Turkish situation and the one in Argentina with the IMF and the WorldAFP - 121 words
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Article73 2001-05-05 14 Bloomberg [LONDON] Unilever, the maker of Lipton tea and Dove skin-care products, said it completed the 1 billion euro (551.63 billion) sale of sauce and packet-soup businesses to Campbell Soup Co as it focuses on more profitable lines. Campbell, the biggest soup maker, agreed in JanuaryBloomberg - 73 words
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Article, Illustration656 2001-05-05 15 WASHINGTON Both the scientists are China nationals; US-China ties may be farther strained LAT-WP TWO Lucent Technologies scientists in New Jersey and a partner were arrested Thursday on charges that they stole the company's software "jewels" and handed them over to a Chinese stateownedLAT-WP; AP photos - 656 words
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Article, Illustration773 2001-05-05 15 WASHINGTON He says president is far shrewder than Democrats think NYT IT should be no surprise that former President Bill Clinton has sharp complaints about his successor. But Mr Clinton, widely regarded as one of the sawiest politicians of hisNYT - 773 words
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567 2001-05-05 15 Leon Hadar - Pentagon has to retract statement on suspension of military contacts From. Leon Hadar in Wash ington THERE was a sense of deja vu in Washington this week, as Bush administration officials engaged in another confusing exercise to explain its policy towards China,567 words
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276 2001-05-05 15 SEOUL Bloomberg FOREIGN direct investment in South Korea last month posted its biggest decline in three years as US companies scaled back outlays. The value of investment in factories and other assets feU 63 per cent to US$37l mUlion from the sameBloomberg - 276 words
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Page 15 Advertisements
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Advertisement23 2001-05-05 15 prFejn Lianhe Zaobao I IA bumper year I I fof I I life insurance I I industry I I mm tfy I I23 words
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FINANCE & commodities
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268 2001-05-05 16 Wong Ann Chuen - SGX Derivatives Trading Report ST Index/lESGIS'pore Index Wong Ann Chuen Refco (Singapore) Pte Ltd THE Singapore stock market sank yesterday, led by electronics stocks falling on concern of crimping US demand. The benchmark Straits Times Index slid 19.39 points or 1.12 per cent to settle268 words
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229 2001-05-05 16 Wong Ann Chuen - MSCI Taiwan Index Wong Ann Chuen Refco (Singapore) Pte Ltd THE Taiwan stock market took a sharp dive yesterday amid a worsened outlook for the semiconductor industry. The MSCI Taiwan Stock Index fell 7.73 points, or 3.15 per cent, to settle at 237.28 points. The229 words
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Article217 2001-05-05 16 Reuters London THE US dollar fell nearly half a per cent against the euro yesterday and was within sight of six-week lows against the yen as traders started fretting that the US April jobs report out later in the day might be weaker than expected. Analysts said expectationsReuters - 217 words
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Article, Illustration1181 2001-05-05 16 All-»r« M*uriftes>ayr, Short: 1-3yre. Long >3yre| BMBMBMBWMBBMBMMMBWMMMMMUWMWWMaMBHMBBWBMMliMiWwrMMiirMlliiiiiNMWir* 1'iWiii ivi HUM i >i l—mm 11 inwm i 'i i>«Wioniir«'i<Kimnr<i(ir iriwni jUii>'i»<i»iMWiatoljminmiiBli >iwi>i<r>nWMTWinriirii" r"i nmtmr" IMTHEBAMK 0*088 KATB8 May4 C$ Kwfc I— Ftr HK$ Y— Won KM UZSNfcte Ml S$ *mi Sir MT$ BM Hmt US$ AntraRa 0.795 4J07 0.582 3.815 1071,181 words
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Article1715 2001-05-05 16 SICOM FIITUKB8 May 4 RUBBES(MwHdMtagasat5i30|m) RSS 1 CONTRACTS ccnts/kg) CtM* VotMM Ope* Month Um Sett (to—») Interest Jun 01 106.75 Jul 01 107.00 250 Aug 01 ***** 250 Sep 01 109.00 250 RSS 3 CONTRACT (USc«nts/k«) Voimc OpM Month Mqll Uw Sett Bbmii) Interest JunOI 59.00 MOO Jul 01 59251,715 words
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Page 16 Advertisements
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Advertisement30 2001-05-05 16 1 11 U 1 11 i J i.i 11JIJ J iiiii.ll JIIIJ U.iM.i.i.l.' ill i 'I.' 'J i ill 11 ii Mill ill 1111 mi i i i.i i.i i.i30 words
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STOCKS east asia
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Article, Illustration2785 2001-05-05 17 HONG SONG Reuters Q Hang Sag -327J5 HONG KONG shares closed sharply lower yesterday, pressured by blue chip giants like HSBC Holdings and China Mobile, and by sagging property counters, as gloomy US unemployment data reignited fears about a slowing global economy.Reuters - 2,785 words
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Article380 2001-05-05 17 AFP QWPlnfex -16L49 TAIWAN share prices closed 3.0 per cent lower yesterday amid a fresh row between the ruling and opposition parties, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 161.49 points to 5,244.05, on a turnover of NT564.42 billion. Losers outnumbered gainers 481 to 70, whileAFP - 380 words
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Advertisement41 2001-05-05 17 every thursday Markets in China and Japan were closed yesterday huss over y™r crownin g glory. <*itr «A I §||k 1 V t, m| <m m X \m m M 1 J 1 m K ft The Straits Times Classified L™41 words
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Advertisement58 2001-05-05 17 A new weekly section in The Business Times on Tuesday y O,■ s It's about university education, both here and overseas. While written mainly by undergraduates, our main aim for starting this section is to cater to the growing number of our readers who have college-going children, in short, it's58 words
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STOCKS klse
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Article8862 2001-05-05 18 INDUSTRIALS Cmsmmt protects 2001 Last Vol Day Not Cap High Low Company Salo 'OOP High Low P/t $mll 340 290 Ajinomoto 292 unch 1 292 292 8.8 1114 45 24.S Angkasa 32.5 4T9 342 282 ApolloFoodHIg 306 (7 122.4 356 266 Asia Fit* 279 -7 2 279 271 111 185.88,862 words
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Article, Illustration430 2001-05-05 18 AFP, AFX-Asia P Composite Index -2M7 MALAYSIAN shares dived 4.9 per cent yesterday due to profit-taking by domestic funds ahead of the long weekend, dealers said. Sentiment was also affected by renewed speculation that a revision will be made to the currency peg,AFP,; AFX-Asia - 430 words
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Page 18 Advertisements
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Advertisement15 2001-05-05 18 Fits the job to a tee. Will blossom in the post. Find the right candidate.15 words
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SGX clob & regional stocks
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Article2496 2001-05-05 19 BOHDS A WARRANTS Mayi n M Prea/ |ah M W I"** M Caw bar Mac hub L~ C-»T ht» C000) W» La. la— (—«a M, ny tw^|I 37 0.5 S Acma W*****4 0.5 0.5 1 41.0 1 300 526 96.00 2 22 2.5 AIITech W*****7 3 2.5 3 173 12,496 words
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Article308 2001-05-05 19 AFP Composite Inttai +L2O SEOUL'S Composite Index rose 0.2 per cent, or 1.20 points, to 585.60 yesterday. Turnover stood at 1.7 trillion won. —AFP Won Anwn Soml 4620 unch Broln T»ch 60S 3 Ctntrtl B«nk 170 unch On i Comm ***** 5600 DmGuSw* 1420 unch OMttng Corp 1180 unchAFP - 308 words
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Article288 2001-05-05 19 Reuters PI Composite Index +]2Sfl PHILIPPINE stocks ended 0.84 per cent up yesterday, buoyed by President Gloria Macapagal Arroyo's efforts to appease supporters of her predecessor Joseph Estrada. The Composite Index ended up 12.07 points at 1,442.46. The turnover rose to 405.62 million pesos. Reuters MlV4 N» COOP) AbacusReuters - 288 words
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Article265 2001-05-05 19 AFP QNZSE-40 -25J1 NEW Zealand shares closed down 1.2 per cent yesterday amid a lack of trading incentives, dealers said. The NZSE-40 Capital Index fell 25.11 points to 2,065.61 on a turnover of NZ$9B.9 million. Shares of Telecom fell 15 cents to NZS6.OS.—AFP my 4 ta$ cooo) Advantage HOSAFP - 265 words
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Article556 2001-05-05 19 AFP HAD Ordinaries -BJO AUSTRALIAN shares fell 0.3 per cent yesterday after local heavyweight News Corp led blue chip stocks lower. The All Ordinaries Index fell 8.9 points to 3,279.9, while the SP/ASX 200 lost 9.5 points to 3,340.5. The All Industrials Index shed 20.3 points to 5,599.8. TheAFP - 556 words
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Article, Illustration738 2001-05-05 19 AFP f% SET Index +£39 HEAVY speculative buying by local retail investors in financial stocks lifted Thailand's stock market 1.8 per cent yesterday ahead of a long weekend, analysts said. The Stock Exchange of Thailand (SET) Composite Index gained 5.39 points to close at 306.48 points. The index closedAFP - 738 words
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Article, Illustration727 2001-05-05 19 AFP Composite Index +3J2 INDONESIAN share prices rose one per cent yesterday amid hopes of peaceful political change after parliament's second censure motion against President Abdurrahman Wahid, dealers said. The Jakarta Stock Exchange Composite Index closed up 3.62 points at 375.56 on a volume of 704 million shares worthAFP - 727 words
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Page 19 Advertisements
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Advertisement11 2001-05-05 19 Bringing THE ARTS to another level The Business Times every Saturday11 words
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Article7882 2001-05-05 20 sflimaBOMU) Gr Gr MM 52-Wk UM Vot Day Lat Quote Mr Mr YW MM Cm Mf HI# Lew C— n>—V Sate fmt m# Law Safcr CW WI 5rall Price MULTI-INDUSTRY 146 39.5 cAonaSOc 48 cd unch 31 48 47 47.5 48 0.5 19.9 0.5 12.6 133 48 417,882 words
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Advertisement10 2001-05-05 20 ■''"X Communication Tools Just imagine life without them. B«yit.sdiitFindh. 410 words
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Article625 2001-05-05 21 Aaron Lye - Compiled by Aaron Lye MUSIC Brahms and Shostakovich Conducted by Estonian Eri Klas, this concert features Chinese violinist Mira Wang. The performance will include Brahms' Violin Concerto in D major, Op 77 and Shostakovich's Symphony No 15 in A major, Op 141. May 5,8.15pm (with pre-concert talk at625 words
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Article, Illustration133 2001-05-05 21 The buzz: Delocating Margins, a work of installation art featuring unconventional artistic materials and an even more unconventional location—an old, deserted shophouse. Plot and players: The brainchild of local artist Francis Ng, currently pursuing a Bachelor of Fine Arts in Australia, Delocating Margins uses building materials and discarded junk133 words
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Art beat
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Article172 2001-05-05 21 A bite-sized roundup of the weekly arts scene NEWS THE National Arts Council is organising a series of creative writing workshops on May 12 and 19, in conjunction with the NAC-SPH Golden Point Awards 2001. The workshops are on both short story as well as poetry writing172 words
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Article206 2001-05-05 21 SEAGATE Technology is to be the main sponsor for Odyssey Dance Theatre (ODD this year, to support the effort to promote Singapore as a global centre of art and culture. Underscoring the affinity between Odyssey's upcoming production with the business Seagate is in today, James Chirico, Seagate206 words
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Article, Illustration242 2001-05-05 21 ITS "poetic view of grief and the will to live, told in unforgettable images of cinematic precision" bagged Japanese director Shinji Aoyama's Eureka the best film award last week, at the 11th Silver Screen awards. The awards, which brought to a close the intense 14th242 words
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Article, Illustration335 2001-05-05 21 Cheah Ui-Hoon, Melissa Sim - PREVIEW Compiled by Cheah Ui-Hoon, Melissa Sim WATCHING ballet under a canopy of stars has to be poetry at its best. So, year after year of its successftil popular appeal, the Singapore Dance Theatre's (SDT) Ballet Under the Stars (BUTS) is back again with another compelling programme. While335 words
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Page 21 Miscellaneous
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Miscellaneous835 2001-05-05 21 lit} i (0 30 News 5 Tonight lasan Si Mata Elang. Cinema World (R). AM ifWc Pon»«i. Cwi 1040 J.A.G. ILOO Zimfoni. 140 Money Mind (R). 840 AM Kids Central Syl- iloo Jack And Jill. 1140 IkatanSuci. 2.00 Headline GraDhics vester Tweety Mys- V HI Pop Up Vi- 1240 MNClose.835 words
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Miscellaneous282 2001-05-05 21 CBYPTIC CROSSWORD ACROSS 4 Mean accountant and I quarrel 1 Stop chortling and come to the 7 point (3, 3, 6) 5 It may be worn by Dominicans in 9An unaccented note is unusual ur^ 1 W JJ. (j) 6 The Spanish need diplomacy in 10 One-minute glue used to282 words
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New Asia Biz Woman
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Article, Illustration953 2001-05-05 22 CHEAH UI-HOON - Mei Sheum took an unconventional route to learning the piano she played the organ first That led to an even more unconventional career path that of the female jazz pianist She exchanges high notes with cheah ui-hoon CHEAH UI-HOON LOCAL jazz musicians aren't too easy to come953 words
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The Arts
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Article, Illustration892 2001-05-05 22 Parvathi Nayar - THE ARTS The bard's eternal lines are beautifully fleshed out by four gifted young actors in Shakespeare's R&J By] Parvathi Nayar THE stage is perfectly set with a wonderful economy of words in between moral instruction, rote learning, Pythagoras Theorem and conjugating verbs, four schoolboys892 words
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Article, Illustration582 2001-05-05 23 AARON LYE - COUNTDOWN TO ARTS FEST The Late Nite Series explores the darker side of the games we play, as aibomltb finds out AARON LYE WHETHER you're bored with the late night offerings on TV, just plain insomniac or desperately seeking to do something which582 words
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Article, Illustration499 2001-05-05 23 Aaron Lye - Not quite theatre, not just music, Sheketek's riveting ran was pure electricity By i Aaron Lye STOMP! they may not be, but one thing Israeli "body percussion" group Sheketek didn't fail to do during its two-day performance run in Singapore was impress the audience. Some purists may499 words
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Article, Illustration352 2001-05-05 23 Cheah Ui-Hoon - Swiss artist Lnca Gansser explores human spirituality in his visionary work By Cheah Ui-Hoon THERE are unique advantages when some artists become world travellers. The immediate visual impact of which can be seen in their artwork that often bear the influences of various cultures and experiences.352 words
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Article, Illustration1576 2001-05-05 24 GOH HWEE LENG - From live wombats to a stuffed national hero, Aboriginal culture to state-of-the-art interactive cinema, they're all at the Melbourne Museum. GOH HWEE LENG takes in the city's newest landmark, which combines strikingly modern architecture with a hands-on, visitor-friendly display GOH HWEE LENG The writer isPHOTOS: JOHN GOLLINGS; JULIE ANNE RENOUF - 1,576 words
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Page 23 Advertisements
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Advertisement723 2001-05-05 23 JBfcr FnnH Fiuiniro Food Empire Holdings Limited v/tr U L IfllJl IvT (Incorporated In The Republic of Singapore) notice of fliuiudl General Iflegtin? NOTICE IS HEREBY GIVEN that the First Annual General Meeting of Food Empire Holdings Limited ("the Company") will be held at 101 Geylang Lorong 23, #05-03/04 Prosper723 words
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