The Business Times, 9 June 2001

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Microfilm: NL22998
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 SINGAPORE Internet: httpjTousiness-times.asial .com.sg/ SATURDAY, JUNE 9, 2001 85C
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  • Article
    Lock icon MARKET SUMMARY
    78 1 Dsn 1,707.46 (+23.69) BT-SRI MGJ7 (+10.21) ST INDEX FUTT7BES 1,714.00 (+32.00) SIHSCI FUTUIES ***** (+4.50) STOCK MARKET INDICES Friday Change KLSE COMP 575.71 +856 NIKKEI 225 13,430.22 __+152.71 HANG SENG 13.806.89 +***** SET INDEX ***** +415 JAKARTA COMP +0.85 MANILA COMP 1.410.50 +3.85 TAIPEI WPI +72.93 SEOUL COMP
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  • Article
    Lock icon FINANCE
    81 1 FOREX SATES US* s$ USS |S$ per USS) 1.810 £(USS/SS per 1.381 2.499 EURO(USS/S$/E) 0.848 1.53a DM 1306 L274 YEN 120.5 66.60 RM 3.800 2.100 HKS 7.799 4.310 BAHT 46.15 24.96 RUPLAH 11.208 6193 •S$ to 100 units PSIME RATES SINGAPORE* 5.89 M ALA LUMPUR 7 67 JAKARTA .19.00
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  • Article
    Lock icon Banks may step up pressure on Daim-linked firms
    742 1  -  I-111 exclusive Wan Azmi's LAG first to be hit with lender recalling USsl4.Bm NPL From i Eddie Toh in Kuala Lumpur WITH one bank having started the ball rolling in recalling a non-per-forming loan (NPL) to a company controlled by a protege
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  • Article
    Lock icon Continued SIP improvements key to drawing more foreigners
    582 1  -  SM says decision to invest or expand signals confidence in China's future From Loh Hui Yin in Siuhou THE Suzhou Industrial Park (SIP) will continue to attract investments amid tough competition for investor dollars if it improves in such areas as investment
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  • Article, Illustration
    Lock icon Blair's landslide win bodes well for euro lobby
    741 1  -  Market sees weakening resistance to euro From Neil Behrman in London THE euro is looming ever larger on the British horizon as Tony Blair and his Labour Party romped home with a historic second term in Britain's general election, although voter turnout
    AFP  -  741 words
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      88 1 DBBPE Top Stories HP to make advanced inkjet printer microchips in S'pore. Next Page Media giant to spend $250 m on bus, taxi shelters. Next Page Thailand raises interest rates by one percentage point. Next Page F&N interim earnings rise 16%. Pg 3 Star Hub, Microsoft in new partnership. Pg
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      144 1 Govt to set rules on use of the Internet by political y wtorinc parties: BG Lee Page H fWI o Karim Raslan: An exemplary civil servant h j design revolution Writer's Journal, Page 7 p lse 14 Tf JL 'isH i p I '^-JIHHEg ttli i B. j ll ~,iTnTXi,iTmmfiTmmlSilßi
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      7 1 JTC, Sipac sign friendship accord, Next Page
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  • NEXT page
    • Article
      Lock icon $2b spinoffs seen from HP's inkjet chip move
      468 2  -  Its new USsloom plant here will be first outside US to produce Jetmos chips By\ David Boey [SINGAPORE] US computer giant Hew-lett-Packard Company said yesterday that it would make advanced inkjet printer microchips outside the United States for the first time at
      468 words
    • Article, Illustration
      Lock icon Thai central bank raises rates by one point to 2.5%
      712 2 Analysts say hike will hurt exporters and dampen growth Bloomberg. Reuters [BANGKOK] Thailand's new central bank governor raised interest rates by a percentage point, reversing a three-year-old policy after the government said a stable baht was more important than low
      Bloomberg.; Reuters; FILE PHOTO  -  712 words
    • Article, Illustration
      Lock icon NYSE firm sweeps S'pore ad space
      555 2  -  15-year deal with govt will rake in revenues of USssoom By i Christopher Tan [SINGAPORE] International media giant Clear Channel Communications will spend $150 million to upgrade about 3,000 bus and taxi shelters here, and close to $100 million to maintain them over the
      ARTHUR LEE  -  555 words
    • Article
      Lock icon JTC Corp, Sipac sign friendship accord
      310 2  -  Also launched is an International Advisory Panel Froml Loh Hui Yin in Suzhou MORE bilateral cooperation is on the cards with yesterday's signing of a friendship agreement between JTC Corporation and the Suzhou Industrial Park Administrative Committee (Sipac). which oversees Suzhou Industrial Park. The
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    • ON THE grapevine
      • Article
        Lock icon A car for your thought
        297 2 THOSE who think that the cost of owning a car in Singapore is too high or that the property zoning rules are too strict might want to know what some government ministers think of the subject. While browsing through the PAP's newly-launched official website, we
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      105 2 Since 1975 our worldwide staff of over Mr mu disciplined professionals BT W V including lawyers chartered accountants V- O t K chartered secretaries and bankers have 3? i provided confidential and cost effective iA company formation in all the major low Hi iflHHR tax including V ~'*Y Incorporation Foes
      105 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon F&N interim earnings rise 16%
      359 3  -  Turnover rises 23%; subsidiary APB posts 80% leap in net earnings to $63m By' Ven Sreenivasan BETTER contributions from most of its key business units helped beverage group Fraser Neave (F&N) chalk up a 16.3 per cent rise in interim earnings to $100.9 million. This
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    • Article
      Lock icon Reg FD may be just what market needs
      674 3  -  RTSTSHIock siew r sivanithy THERE is active debate in various forums on how to ensure better corporate disclosure so investors can make more informed decisions. Issues under scrutiny range from telling shareholders how much their directors earn to whether companies should issue
      674 words
    • Article
      Lock icon Centrepoint posts 5.3% rise in interim net profit
      385 3  -  By Kalpana Rashiwala CENTREPOINT Properties promised to show "good improvement" in its full-year results after reporting a 5.3 per cent rise in interim net profit to $45.6 million. The small profit growth reported by Fraser and Neave's listed property arm is set
      385 words
    • Article
      Lock icon Telstra's One.Tel move deals a blow to Optus
      369 3  -  Hit Teh Hooi Ling AUSTRALIA'S dominant telco Telstra has netted the lion's share of subscribers from the collapsed One.Tel operation after striking a deal with the company's administrator. leaving rival Optus out in the cold. Under the deal. 250.000 One.Tel customers with
      369 words
    • COMPANY Briefs
      • Article
        Lock icon Inno-Pac's 2-for-1 rights issue
        80 5 INNO-PACIFIC Holdings has announced a 2-for-l rights issue 0f625 million shares at three cents per share. The issue is subject to the completion of the company's proposed capital reduction. The theoretical ex-rights price of Inno-Pac stock, assuming the rights issue was on June 7, would be
        80 words
      • Article
        Lock icon Asia Dekor earnings down 29%
        71 5 WOOD LAMINATED flooring maker Asia Dekor yesterday reported a 29 per cent drop in net earnings to 80.8 million renminbi (5517.5 million). Turnover for the year ended Mar 31,2001, rose 14 per cent to 862.8 million renminbi. The company said its strategy to increase distribution
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      • Article
        Lock icon Hnan Hsin unit to buy into Taiwan firm
        56 5 HUAN Hsin Holdings' wholly-owned subsidiary Bao-Ji Development Co is proposing to invest NT$5.l million (*****,400) for a 51 per cent stake in Cai Hui Technology, a company that does research and development on power management applications for portable products such as cellular
        56 words
      • Article
        Lock icon Noble Group mulls secondary listing
        46 5 NOBLE Group yesterday said that it is considering ways to improve returns to shareholders, one of which is a secondary listing on another stock exchange. The company has been buying back its shares in the market in the last few months.
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    • Article
      Lock icon Shutters come down on FantasticOne
      166 5 THE Fantastic Corporation and SPH Asia One, the Internet arm of Singapore Press Holdings, yesterday announced the closure of their joint venture company Fantastic One (Asia-Pacific). The joint venture was formed in April 2000 to develop and market content for consumer-oriented broadband multimedia producers and
      166 words
    • Article, Illustration
      Lock icon Indon player eyes control of Mayfran
      376 5  -  Option for majority stake could lead to general offer at 23 cents a share Byi Andrea Tan INDONESIAN businessman Johnlin Yuwono is injecting his sanitary products company into Sesdaq-listed Mayfran International. Mayfran, the company behind homegrown bedlinen brand Friven, would acquire Singapore-incorporated Jeje Corp
      ARTHUR LEE  -  376 words
    • Article
      Lock icon Summit, BSA reach 'negotiated settlement'
      283 5  -  David Boey AFTER more than three years of legal wrangles, main-board-listed compact disc maker SM Summit Holdings and copyright watchdog Business Software Alliance (BSA) said yesterday they had reached a negotiated settlement". As a result, both parties said they "agree to withdraw all claims and
      283 words
    • Article
      Lock icon Times Pub's interim earnings fall 22.1%
      280 5  -  By] David Boey TIMES Publishing yesterday posted a 22.1 per cent fall in interim earnings to $13.1 million on the back of a 6.5 per cent decline in sales to $212.5 million. Despite the weaker numbers, Times has declared an interim dividend of 5
      280 words
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      86 3 Times Pub interim earnings fall 22.1%, Pg 5 ETERNITY for men ETERNITY t>ov<"« opf*» r o»og« «ow d« sproy vopotiftotevf for a limited time travel essential from the ETERNITY for men fragrance collection, this refreshing combination includes a 50ml eau de toilette spray, 50ml after shave balm and a 50ml
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      332 4 Stocks Volunw Tianjin Zhong 52,391,000 Asia Food&Prop 26,736,000 Frontline 5c 25,529,000 AEM-Evertech 5c 22,729,000 People s Food HGK 50c 22,411,000 NOL 18,493,000 UniFood HK25c 17,156,000 SingTel 15c 13,142,000 Ellipsiz 25c 13,068,000 TPV USlc 12,448.000 Stocks Tianjin Zhong 64,404,666 DBS Grp 44,699,102 Chart Semiconductor 26c 36,182,328 Datacraft 10c 32,291,482 NOL 26,652,187
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    • Article, Illustration
      Lock icon STI clears 1700 hurdle; helped by bank,tech stocks
      622 4  -  I=ll comment STOCKS r. sivanithy BESIDES trying to predict what Nasdaq is going to do overnight, investors in the local stock market these days also have to try to figure out which sectors the house traders and syndicates will play with next.
      622 words
    • Article, Illustration
      Lock icon See Hup Seng wrt: bearish clue?
      182 4  -  WARRANT WATCH By\ R Sivanithy WARRANTS can offer clues on the health of the market. If the mood is wildly upbeat, they could be found trading at large conversion premiums, particularly if there's plenty of time left. Conversely, if the mood is grim, we
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    • Article, Illustration
      Lock icon SingTel: upside test at $1.90
      218 4  -  HOT STOCK By 1 Ven Sreenivasan LONG-SUFFERING Singapore Telecom seems to be finally pulling out of its extended slump. The stock gained six cents to close at $1.89 yesterday as 13.1 million shares changed hands slightly below the 10-day moving average of 14.3 million units.
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    • Article
      Lock icon Repurchase rate rise boosts baht
      462 4 BOT sees baht stability; S$ up as well while rnpiah ends little changed Bloomberg (BANGKOK) The Thai baht. Asia's second best-performing currency in the past month, rose yesterday on hope that the central bank doesn't want currency weakness as it raised interest rates to stop
      Bloomberg  -  462 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    3353 4 UNIT TRUSTS FUNDS Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNCFd 0 772 0.812 Global Technology Fd!** 0.715 0 752 UK Blue Chip Fd!** 0.775 0 814 American Opport Fd 0 866 0.910 ContEuroEqty Fd!** 1 056 1 109 Japan EqtyFd!** 1 250 1.314 Asian Fixed Income Fd
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      31 4 EXECUTIVE SUITE WjraHjP Get up-to-date on the property market, and look out for our new weekly legal matters column, interior decor, architecture and gardening stories n The Business Times every Thursday.
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  • Article
    Lock icon BT SHARE information service
    5190 5 Net earn CPS Lum Cheng 12-Mar I 1.335 8.986 0.34 23 Dete TY LY TY LV MAC Cnqq 26-Mar P 3.181 2.576 2.83 2.« ftag ann ($m) ($w) (eta) (cts) Mayfran 22Mar P 12 0.234 0.62 0.17 MCL Land 21-Fab P 25.989 33.818 7 9.2 ACE
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  • SINGAPORE news
    • Article
      Lock icon Internet rules for political parties to be set before GE
      553 6  -  They could be ready in next 3 months, BG Lee says at PAP website launch Byi Chuang Peck Ming RULES including limits will be set on the use of the Internet by political parties before the coming general election to
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    • Article, Illustration
      Lock icon StarHub, Microsoft in new partnership
      300 6  -  StarHnb to host Microsoft's online collaboration service By, Andrew Wee INTERNET service provider Star Hub Internet and Microsoft Singapore yesterday announced an exclusive partnership to support an Internet collaboration service, a key feature of the Microsoft's Office XP software. Star Hub is the first Internet
      ARTHUR LEE  -  300 words
    • Article
      Lock icon Aberdeen launches China-play feeder fund
      305 6  -  It will invest in firms with substantial businesses in China By i Genevieve Cua ABERDEEN Asset Management has launched a new feeder fund that invests in companies with substantial businesses in China. The fund, which feeds into a mother fund that boasts five-year returns of
      305 words
    • Article
      Lock icon Singapore and Australia make good progress on FTA talks
      141 6 SINGAPORE and Australia made significant progress on a wide range of issues in the third round of talks on a Free Trade Agreement (ASFTA) between the two countries. The session concluded yesterday with an agreement on a framework that will be
      141 words
    • Article
      Lock icon URA awards four out of five Chuan Green sites
      136 6 THE Urban Redevelopment Authority (URA) said yesterday it did not award a site for terrace homes in the recent Chuan Green tender. But it awarded four other landed sites to the highest tenderers. URA said the 13,000 sq ft site for
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    • Article
      Lock icon NTU students, alumni to go job seeking -online
      179 6 THE Nanyang Technological University's career fair is going online. Called Career eFair(aNTU, the fair will provide a platform for employers to reach out to graduating students as well as alumni of NTU. Since the soft launch of the event in May, about
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    • Article, Illustration
      Lock icon Business receipts index rises 7.9%
      221 6  -  on the economy business receipts By Melissa Sim THE overall business receipts index for the services sector grew 7.9 per cent year-on-year in the first quarter of 2001. Excluding financial and insurance services, the year-on-year rise was 8.3 per cent. Quarter-to-quarter, the index was down
      Source: Dept of Statistics  -  221 words
    • Article
      Lock icon Don't give up on Tianjin Zhong shares
      252 6  -  MAILI.TTffi Leong Sew Wah Singapore IT is ironical that buyers of Tianjin Zhong shares here chased the counter up to over US$l.OO in the past few days, just to see it tumble down to US$O.75 when the 'A' shares started trading on Wednesday
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    • Article
      Lock icon Online financial advice of limited use
      319 6  -  Bernard Lim Singapore I REFER to your article "Let the bank come to you'' by Vasu Menon (BT. May 23). He stated that banks should take advantage of the high Internet penetration rate in Singapore to play a key role in the area of
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      621 6 To advertise call toll free 1800 741 1883 IIV I Ivlill fax No 741 1298 SP L CONSTRUCTION PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act Cap 50 that a Final Meeting of the Members of
      621 words
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      462 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 [(Section 290(2)(b)] AND IN THE MATTER OF LEND LEASE ORGANISATION PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at Level 46. Tower Building. Australia Square. George Street. Sydney NSW 2000. Australia
      462 words
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  • REGIONAL news
    • Article
      Lock icon MCA heeds criticism, offers to sell Nanyang Press stake
      526 7 KUALA LUMPUR Offer, a week after stake was acquired, follows gronndswell of stiff opposition AP, AFXAsia MALAYSIA'S leading ethnic Chinese political party yesterday offered to sell its stake in two influential newspapers, just one week after the takeover was sealed amid
      AP,; AFX- Asia  -  526 words
    • NOTE Book
      • Article
        Lock icon Suharto turns 80
        119 7 AP [JAKARTA] Indonesia's former president Suharto prayed at a mosque on his 80th birthday yesterday as Indonesia's new attorney-general put the ousted president on the top of his most wanted list. Sworn in earlier this week, attorney-general Baharudin Lopa has made the prosecution of Mr Suharto for
        AP  -  119 words
      • Article
        Lock icon Malaysia's reserves fall to US$25.9b
        61 7 AP [KUALA LUMPUR] Malaysia's central bank yesterday said its international reserves fell to U5525.9 billion as at May 31, from US$26.l billion as at May 15. However, the figure is still adequate to finance "about 3.8 months of retained imports and is 5.5 times the
        AP  -  61 words
      • Article
        Lock icon Abdurrahman told to attend hearing
        75 7 AP [JAKARTA] Indonesia's National Assembly yesterday formally wrote to President Abdurrahman Wahid and demanded he appear before an impeachment hearing in August and defend himself against accusations of corruption and incompetence. Despite the letter from assembly chairman Amien Rais, Mr Abdurrahman called for more negotiations
        AP  -  75 words
      • Article
        Lock icon ExxonMobil warned on Aceh operations
        72 7 AFP [JAKARTA] Indonesia's state oil and gas company Pertamina yesterday threatened to take over natural gas fields in rebellious Aceh province from ExxonMobil if the firm did not resume operations there. "If in the next one week Exxon still has not taken any concrete action,
        AFP  -  72 words
      • Article
        Lock icon Johor defaults on RM55m notes
        62 7 Reuters [KUALA LUMPUR] Rating Agency Malaysia (RAM) yesterday said state-owned Perbadanan Johor (JCORP) has not been able to fully redeem its RMSS million (5526.2 million) notes which matured on Thursday. The investment arm of Johor state last month won a 21-day moratorium during which note
        Reuters  -  62 words
      • Article
        Lock icon Asia bonds rise after Moody's move
        70 7 Bloomberg [HONG KONG] Asian bonds rose yesterday after Moody's Investors Service said it may give some companies a higher credit rating than their home governments, making it cheaper for them to raise funds. Moody's may raise the credit rating fof* 38 companies including Hongkong
        Bloomberg  -  70 words
      • Article
        Lock icon 600,000 illegal workers in Malaysia
        65 7 AP [KUALA LUMPUR] At least 600,000 foreigners are currently in Malaysia on expired travel papers, most of them poor workers from neighbouring countries, an official said. Internal security and public order director Abdul Hamid Mustafa said the figure was based on records of people who
        AP  -  65 words
      • Article
        Lock icon Time launches broadband service
        67 7 Reuters [KUALA LUMPUR] Malaysian telecoms firm Time dot Com yesterday launched a broadband service, the country's first, to selected residential customers in the capital. The company, which endured a poorly received flotation earlier this year, said it had plans to extend the service to customers throughout
        Reuters  -  67 words
    • Article
      Lock icon Foreign link in Lunas by-election?
      431 7  -  Bigger forces could have been at work, says diplomat From. Eddie Toh in Kuala Lumpur THE capture of Islamic extremists by Malaysian police on Thursday has shown that bigger forces could have been at work in the watershed Lunas by-election in Prime Minister Mahathir Mohamad's
      431 words
    • Article, Illustration
      Lock icon Pelepas aims for throughput of 5m containers by 2005
      318 7 Bloomberg [SINGAPORE] Tanjung Pelepas, Malaysia's newest port, plans to more than double its cargo throughput by 2005, and may consider ventures with Malaysian ports, said chief executive Mohd Sidik Shaik Osman. Pelepas want to raise volume handled to 5 million twenty-foot
      Bloomberg; FILE PHOTO  -  318 words
    • Article
      Lock icon Li Ka-shing seals Ningbo deal despite rumours of opposition
      388 7  -  From i Audrey Tan in Hong Kong DESPITE rumours of strong opposition on the mainland to his dominance of China's ports, tycoon Li Ka-shing yesterday sealed another deal involving the container terminal of Ningbo in east China. His Hutchison Port Holdings
      388 words
    • Article, Illustration
      Lock icon Dr Puey: exemplary civil servant
      916 7  -  WRITER S JOURNAL The ex-BOT governor had a dramatic career karim raslan The writer is a KL-based lawyer and author ON May 29, the increasingly presidential some might say "regal" Thai Premier Thaksin Shinawatra summarily dismissed his aristocratic central bank governor. Chatumongkol Sonakul. His ouster
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      148 7 Enlightening. Inspiring. That's just the courses. Wait until you meet the faculty. Singapore V > Human Resource Executive Program Jj Hong Kong > Leadership m Action June 18 22.2001 ML- > SupptyCham Management July 9-12,2001 Jar U, m As* 2001 k, d««w mh, me > Corporate Performance Measurement August 13
      148 words
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  • REGION world
    • Article
      Lock icon Economy is getting worse, says Japan
      518 8 TOKYO Minister cites fall in investments and US slowdown; GDP may fall short of target Reuters THE Japanese government yesterday confirmed growing suspicions it will downgrade its official view of the economy for a fifth straight month, raising speculation it will miss a key
      Reuters  -  518 words
    • Article, Illustration
      Lock icon China to postpone crucial reforms this year
      603 8 Reuters [BEIJING] China's toughtalking Premier Zhu Rongji has said crucial reforms will be slowed this year as economic conditions deteriorate, according to transcripts of a recent speech seen yesterday. In a speech at Beijing's Tsinghua University on Tuesday, Mr Zhu also denied charges
      Reuters; ATP  -  603 words
    • Article
      Lock icon 12 Chinese loss-making firms face delisting
      135 8 SHANGHAI Reuters CHINA'S stock exchanges said yesterday that they may delist 12 companies, including five hard-currency B share firms. Nine loss-making firms, including Shanghai Baoxin Software Co, majority-owned by steel giant Baosteel, might be delisted because they had not applied for grace periods to
      Reuters  -  135 words
    • Article
      Lock icon US trade group wants govt to clarify strong dollar policy
      396 8 WASHINGTON AP, Reuters CALLING the US administration to issue a "clarification" of its exchange rate policy, a manufacturing trade group said on Thursday the strong dollar is hurting US companies and the economy. In a letter to Treasury Secretary Paul
      AP,; Reuters  -  396 words
    • Article
      Lock icon ECB president says he favours a strong euro
      432 8 FRANKFURT Remark comes after earlier comment that he wasn't worried abont currency's slide Bloomberg EUROPEAN Central Bank (ECB) president Wim Duisenberg said a strong euro is in the interests of the dozen countries that share the currency. Just last week, he said
      Bloomberg  -  432 words
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      992 8 I aaamtmam Pakko Corporation (Smgaport) MM NOTICE IS HEItfBY GIVEN that the Annual General Meeting of POKKA CORPORATION (SINGAPORE) LIMITED (the Company*) will be held at 39 Quafty Road, Singapore *****0 on 25 |unc 2001 at 10.00 a.m. for the Mowing purposes; AS ORDMARY BUSINESS 1. To receive and adopt
      992 words
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  • WORLD news
    • Article
      Lock icon Intel cheers investors by sticking to forecasts
      418 9 NEW YORK Semiconductor sales hold np with earlier predictions, say executives LAT-WP INTEL Corp cheered investors on Thursday by sticking to its earlier revenue predictions for the quarter ending in June, as executives said that semiconductor sales were holding up with earlier forecasts.
      LAT-WP  -  418 words
    • Article
      Lock icon Bristol buys DuPont drug business
      502 9 NEW YORK The US$7-8b deal is expected to bolster Bristol-Myers' line of Aids drugs NYT BRISTOL-MYERS Squibb Co agreed on Thursday to acquire the drug business of DuPont for US$7.B billion in cash, bolstering Bristol-Myers' line of Aids drugs. The deal, which had been expected,
      NYT  -  502 words
    • WORLD Watch
      • Article
        Lock icon System failure halts NYSE trading
        93 9 AFP [NEW YORK] The New York Stock Exchange yesterday halted trading in all of its stocks due to a system failure. Trading resumed around 11:35 am after more than an hour of interruption, officials said. NYSE president Richard Grasso told CNBC television it was the
        AFP  -  93 words
      • Article
        Lock icon Accenture to encourage sabbaticals
        127 9 NYT [NEW YORK] Consulting firm Accenture announced on Thursday that it will lay off about 600 employees, mainly support staff, and encourage up to 800 consultants to take voluntary sabbaticals for up to one year in an effort to control costs. The steps are in response
        NYT  -  127 words
      • Article
        Lock icon Goodman Fielder cuts profit forecast
        93 9 Bloomberg [SYDNEY] Goodman Fielder Ltd stock dropped to a record low after Australia's biggest food maker slashed its profit forecast by a tenth after cutting prices and said it will replace chief executive David Hearn. It said it expects profit before a restructuring charge in
        Bloomberg  -  93 words
      • Article
        Lock icon CyberWorks unit fires 30 employees
        74 9 Bloomberg [HONG KONG] Skyhorse Ltd, the Web unit of Pacific Century CyberWorks Ltd, fired about a quarter of its employees, as it shifts focus to consulting for Internet service providers from providing video programs online. The company would dismiss 30 staff later yesterday, said Vivian
        Bloomberg  -  74 words
      • Article
        Lock icon 3Com lowers Q4 sales forecast
        65 9 Bloomberg [SANTA CLARA, California] 3Com Corp, a computer networking equipment maker, lowered its fiscal fourth quarter revenue forecast 25 per cent and eliminated two products after phone companies spent less on gear. Sales in the quarter ended June 1 were US$45O million to US$475 million,
        Bloomberg  -  65 words
      • Article
        Lock icon Disney to lay off 1.000 staff
        87 9 AP [ANAHEIM, California] Walt Disney Co is expected to lay off 1,000 workers, with most of the terminations to occur at theme parks in Anaheim and Orlando, and its feature animation department, the Los Angeles Times reported yesterday. Layoffs will include about 24 employees
        AP  -  87 words
    • Article
      Lock icon Boost cooperation in Asia: Supachai
      513 9  -  From j Anthony Rowley in Tokyo DIRECTOR-GENERAL-desig-nate of the World Trade Organization (WTO) Supachai Panitchpakdi yesterday gave a ringing endorsement to the idea of increased regional economic cooperation in Asia, including the formation of an Asian Monetary Fund. "The time is ripe for increased East
      513 words
    • Article
      Lock icon Boeing finds suspicious damage in 737s at factory
      291 9 NYT [RENTON, WASHINGTON] Boeing said on Thursday that it had found "suspicious wire damage" to as many as 10 aircraft under assembly at its plant in Renton. Washington, and the Federal Aviation Administration (FAA) has asked for an FBI investigation. The company
      NYT  -  291 words
    • Article, Illustration
      Lock icon A taxing job concluded
      44 9 [WASHINGTON] President George W Bush, surrounded by lawmakers, signing his US$l35 trillion tax cut bill on Thursday at the White House. The bill fulfills Mr Bush's campaign I y^^t^fillleffec^ iately bene^U ever >' American who pays income tax—but will require AP
      AP  -  44 words
    • Article
      Lock icon IMF chief picks Anne Krueger of Stanford to be his top deputy
      278 9 WASHINGTON AP THE International Monetary Fund head has chosen a prominent conservative economist favoured by the Bush administration to fill the No 2 job at the agency and two other Americans and one German for other top policy
      AP  -  278 words
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      1035 9 To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 INTERTURBINE SINGAPORE PTE LTD MEMBERS VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at 10 Col Iyer Quay #19-08. Ocean Building. Singapore *****5 on 2 June
      1,035 words
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      341 9 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 INDIVERS INVESTMENT SINGAPORE PTE LTD MEMBERS VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at 10 Collyer Quay #19-08 Ocean Building, Singapore *****5 on 2 June 2001. the following resolutions were duly passed 1. SPECIAL RESOLUTION
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  • FINANCE & commodities
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      Lock icon STI June contract surges 1.9%
      260 10  -  SOX Derivatives Trading Report ST lndeac/MS& S'pore Index Wong Ann Chuen Refco Singapore Pte Ltd SINGAPORE'S key stock index rose above the 1,700 mark yesterday. The benchmark Straits Times Index climbed 23.69 points, or 1.41 per cent, to end at 1,707.46 points, as 31 counters
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      Lock icon Futures up on tech-led stock rise
      235 10  -  MSCI Taiwan Index Daniel Wong Refco Singapore Pte Ltd ELECTRONICS and comput-er-related counters led Taiwan stocks higher yesterday. The MSCI Taiwan Stock Index rose 4.43 points, or 1.86 per cent, to end at 242.51 points. The index turnover moved up to 855.02 million. Gainers
      235 words
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      Lock icon CURRENCY REPORT
      241 10 Reuters London THE euro drifted lower against the US dollar yesterday as the market remained focused on the pound, which continued to fall after British Prime Minister Tony Blair won a second landslide election victory. Sterling fell by one per cent to fresh 15-year lows against the US
      Reuters  -  241 words
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      794 10 INTERBANK CROSS RATES Jun S M UL 0" HK$ Ind Ks Rupnti Yw Wm 9tt HZS?* t» Hto S$ B«d Sfr WT$ B«t Po-J USS Australia 0.792 4.319 0.613 4.026 1.200 4.059 24.442 58.329 0.627 6.697 1978 1.250 32 619 26 501 0 942 4 209 0 934 17 73?
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      1856 10 S1C0M FUTURES Jun 8 RUBBER (futures cJosinq *s at 5.30**) RSS1 CONTRACT(S cents/kg) Close Volume Open Ht< ?h Low Sett (tomw) Interest JuToi I frToo Aug o« H0.50 n0.50 m.25 250 m n2.75 250 Oct/Dec 01 114.50 RSS 3 CONTRACT (US cents/kg) Volume Open Woirtl1 High Low Sett (tonnes) Interest
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  • STOCKS east asia
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      Lock icon HK up as investors bet on cellphone sector's rebound
      2902 11 HONGKONG Reuters j Hang Seng +105.46 CHINA'S cellphone operators, China Mobile and China Unicom, boosted Hong Kong stocks to a higher close yesterday as investors took their cue from upbeat US earnings forecasts and bet on the sector's rebound by the
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      Lock icon CHINA
      1148 11 Reuters, AFP n Shenzhen B Index 4L96 CHINA'S hard currency B shares headed further south yesterday, extending a week-long slide as citizens allowed into the market since June 1 shunned the overvalued stocks. The Shenzhen B Share Index slid 8.95 points, or 2.33 per cent, to 375.20 on slimmer
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      Lock icon TAIPEI
      391 11 AFP □wr Index +72JK3 TAIWAN shares ended higher yesterday after the overnight Wall Street rally led by technology stocks. The Taiwan Stock Exchange Weighted Price Index rose 72.93 points, or 1.4 per cent, to 5,226.28. on a turnover of NT592.29 billion. Gainers led losers 323 to 171, with 93
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      Lock icon Tokyo high-tech stocks ride on Nasdaq rally
      2080 11 AFP Pi Nikkei 225 +152.71 SHARE prices in Tokyo closed 1.2 per cent higher yesterday as investors snapped up hi-tech issues following a rally in US markets, brokers said. The Nikkei-225 Index on the Tokyo Stock Exchange gained 152.71 points to finish at
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  • SGX clob & regional stocks
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      2623 12 BONDS WARRANTS M< M (im jj lDl Lact M umwi kw% mmH Cat tiw Mac IMa Mfk Law I 1 Ml «r- rt88> M# I— tmym Mar Mn II M» Met InrtMl Left 37 0.5 S Acroa ******4 0.5 0.5 1 41.0 1 300 712 74.00 I 15 2.5 S
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      Lock icon SEOUL
      306 12 AFP Q Composite Index +20.64 SEOUL'S Composite Index closed up 20.64 points, or 3.4 per cent, at 621.78. Volume was 438.1 million shares worth 2.3 trillion won. AFP mo* immSmi .4930 235 Brun T«ch ASS 10 C*ntr«IB«nk 170 unc« CtwHComm neSOO 500 Dm Gu Bank ...16 SO TS D»»nng
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      Lock icon MANILA
      291 12 AFP Q Composite Index +185 PHILIPPINE shares closed slightly higher yesterday. The Composite Index inched up 3.85 points to close at 1,410.50. Volume turnover was higher at 703.38 million shares worth 650.57 million pesos from Thursday's 234 million shares worth 405 million pesos. AFP JOT 8 Peso (000) Abacus
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      Lock icon WELLINGTON
      266 12 AFP QMZSE-40 -0.30 NEW Zealand shares closed barely changed yesterday as gains in market leader Telecom Corp offset losses in other major stocks, dealers said. The NZSE-40 Capital Index closed down 0.30 of a point at 2,073.65 on a total turnover valued at NZ5109.72 million.—AFP ■ml us cow) Aflvantage
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      Lock icon SYDNEY
      546 12 AFP n All Ordinaries -LBO AUSTRALIAN shares closed marginally lower yesterday in largely directionless trade. The All Ordinaries Index ended 1.8 points lower at 3,365.4 and the SP/ASX 200 fell 2.2 points to 3,434.4. The All Industrials Index surrendered 6.5 points to 5,742.6, while the All Resources Index strengthened
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      Lock icon BANGKOK
      747 12 AFP H SET Index -*425 THAI stocks rose 1.4 per cent yesterday in volatile trade led by banking and financial stocks as investors digested news of the central bank's hike in key short-term rates. The Stock Exchange of Thailand (SET) Composite Index gained 4.25 points to close at 312.29
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      Lock icon JAKARTA
      780 12 AFP Q Composite Index +085 INDONESIAN share prices closed up 0.2 per cent yesterday in thin but volatile trade amid ongoing political concerns, dealers said. The Jakarta Stock Exchange Composite Index was up 0.85 point at 398.81 on a volume of 418.7 million shares worth 242.85 billion rupiah. Declines
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    Lock icon STOCKS sgx
    8030 13 SGX MAXNBOARD Gr Gi M W! "Jf V* Day Hit Quote Mv M» YW Net Cap Avg Wgfc Lw ftja M» ronoi low »wyr Sdhr CV *3 PriS MULTI-INDUSTRY 143 35 Acma 50c 37 xd -1 495 37 5 37 37 37 5 0.5 199 0 7 9
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  • MOTORING
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      Lock icon BMW`s design revolution BMW`s design revolution
      618 14  -  BMW design chief Christopher Bangle hints to CHRISTOPHER TAN what future Beemers might look like CHRISTOPHER TAN IF YOU think BMW cars look and feel too alike especially on the inside here's some news: things are going to change. Quite speedily, and possibly, quite
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      Lock icon Test drive to see which is best
      250 14  -  Lawrence Wee Singapore WOULD you kindly comment on the following new Japanese cars: the Mitsubishi Lancer GDI, Toyota Corolla VVTI and Honda Civic VTEC. I am considering buying one of these cars and would appreciate your feedback on: their strengths versus weaknesses, fuel
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      Lock icon Sending the wrong message?
      132 14  -  Ho Chee Meng Singapore I WAS watching the first episode of Apple Pie which was aired on Channel U on May 7. There was a scene in which two students were asking the school counsellor, played by Darren Lim. for a lift. The counsellor was seen
      132 words
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      Lock icon Farewell, fossil fuel
      693 14  -  BMW sees cleaner hydrogen replacing petrol completely in 50 years From, Kannan Chandran The writer is a freelance contributor in Tokyo HYDROGEN will replace fossil fuels completely in 50 years, according to a top automotive executive. BMW vice-president for clean energy Anton Reisinger said his company would
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      Lock icon ENV does enforce smoke emission standards
      166 14  -  Edward John Taitford WE REFER to the letter "Spot check diesel vehicles" by Alan Tan Y S (Wheel Matters, June 2). We thank Mr Tan for sharing his concerns on smoke emission from taxis, lorries and buses and his suggestion for spot checks. We
      166 words
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      174 14 Get in style with TheßusinessTimes In the NewAsiaßizWomen page, it's all about women achievers, lifestyle, fashion and more women business. Subscribe now to 6 mm a m vsa L fTU D months of The Business --5. I I Times at $120 (Usual I 'j/Hb 111 $132.50) and get a ix
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      88 14 If you have something $100 worth of motor-related to get off vouchers. Prizes are j your chest, write to us. WWhppj sponsored by We welcome feedback STAMFORD TYRES, j and suggestions from 111 £>fl I# IdP i Singapore s only readers. listed tyre and auto The AUTOMOBILE services group. ASSOCIATION
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  • New Asia Biz Woman
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      Lock icon Changing image of video art
      522 15  -  THE ARTS By\ Claudia Cellini The writer is a Singapore based Asian-art consultant and freelance writer "My piece is about 'seeing'," says Zhang Peili, on his video work Screens. "The nature of a one-way mirror is such that the viewer (the surveyor) and his subject
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      Lock icon Action in motion
      1124 15  -  Choreographer Elizabeth Streb believes that dancers should let action take over control of their bodies. She shares some radical views with cheah ui-hoom CHEAH UI-HOON STATEMENT No 1: Dance shouldn't camouflage gravity. Statement No 2: How boring when one uses the same departure point all the time
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      Lock icon Myriad views of conflict and resolution
      465 15  -  By Venka Purushothaman The writer is a lecturer of art theory and arts management at LaSalle-SIA College of the Arts IN 1817, Percy Shelley wrote a poem entitled Ozymandias, about a traveller who discovers, amongst decay, ruin and loneliness, the might and glory of
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      1059 15 /*7ie l-ONE.NET INTERNATIONAL LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of i-One.Net International Ltd (the "Company") will be held at No 1 Kallang Way 2A Communications Techno Centre. Singapore *****5 on 25 June 2001 at 10
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  • Page 15 Miscellaneous
    • Miscellaneous
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      365 15 CKVPTIC CROSSWORD i I [2 j p I F* Hp I [6 I |7 I [S fIH HH HV Hp M| n ®T-P 13 _b i qp s i ACROSS 5 Sea-room? (5) 1 Number return with task for sev- 6 Form of greatness for soldiers eral computers (7) (9)
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  • The Arts
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      Lock icon Write where he belongs Write where he belongs
      1068 16  -  US-based S'porean playwright and director Chay Yew is back in town to direct his play Red for the Arts Fest. He talks to parvathi kayak about his art and work PARVATHI NAYAR THEATRE doesn't get more theatrical than this: "gay" play banned,
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      Lock icon Rivetting synergy from MPO
      553 16  -  SINGAPORE ARTS FESTIVAL By Elaine Phua IN just three short years, the Malaysian Philharmonic Orchestra has established itself as the new kid on the block with oodles of potential. They have become hugely popular in their hometown Kuala Lumpur, performing an increasingly ambitious and unconventional repertoire
      553 words
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      Lock icon U-Theatre drums up zest
      439 16  -  By' Tan Hwee Hwee IT'S not often that you go to a theatre performance and find members of the audience meditating outside the Hall before the show. It doesn't help when the only preparation you'd done beforehand was to scoff down a tuna sandwich from Olio
      ALAN LIM/ST  -  439 words
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      Lock icon Arts Fission dance falls short of noble aims
      392 16  -  By< Cheah Ui-Hoon The idea was good and noble a performance examining the fragile balance between diminishing nature and rapid urbanisation, pointing to the larger context of changes in traditional values as well as other human sensibilities. And Arts Fission Company picked
      392 words
    • Article
      Lock icon BT SCORECARD
      618 16 M'sian Philharmonic Orchestra (music) Panelists' Jean Johnson. Frank DeMeglio, Elaine Ptiua Score 1 The snob factor t 0 (pretentious twits around) -10 (culturally averse will enjoy it) 2 The Snore o Motor 74 0 (try not to drool when you nod off) -10 (higher high than caffeine) 3
      618 words