The Business Times, 15 September 2001
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2001-09-15
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The Business Times
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Title Section16 2001-09-15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 I Internet: hnp://business-times.asial .com.sq/ SINGAPnoc SATURDAY, SEPTEMBER 15, 2001 85C16 words
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Article77 2001-09-15 1 Dsn 1,***** (-38.37) BT-SRI 59L42 (-14.96) ST INDEX FUTURES USOIOO (-50.00) SUSd FUTURES ***** (-7.10) STOCK MABKET INDICES Friday Change KLSE COMP ***** -20.07 NIKKEI 225 10.008.89_ *396.80 HANG SENG 9,665.46 *20.07 SET INDEX 288.10 -20.07 JAKARTA COMP _425.66 -Ml MANILA OOMP __L23«.42 7.34 TAIPEI WPI 3,774.62 --177.8777 words
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Article76 2001-09-15 1 FOREX RATES USI S$ USS (SS per USS) 1.738 £(l'S$/SSper£) 1.471 2.556 ElUOfUS&'SS/E) 0.913 1.586 DM 1142 1-233 YEN 1 m 68.60 RM S.800 1187 HKS 7.800 4.489 BAHT 4414 25.46 RLTIAH 9,125 5352 PUME BATES SINGAPORE* 5.80 KUALA LUMPUR 7.S7 JAKARTA .39.00 BANGKOK .9.50 MANILA II Ml HONOKONO76 words
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929 2001-09-15 1 Catherine Ong - Move to prevent free-fall in aftermath of terrorist attack From l Catherine Ong in New York UNITED States securities regulators will relax trading rules to promote market liquidity and stability when Wall Street re-opens on Monday, officials said yesterday. The New York Stock Exchange929 words
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832 2001-09-15 1 Andrew Marks - It will take more than phone lines and computers to get Wall Street back to normal, says Andrew Marks in New York Andrew Marks SCOTT Kimmel was sitting at his desk at the World Financial Center when the blast from the first explosion832 words
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Article, Illustration1077 2001-09-15 1 USs4ob emergency spending Taleban expects big attack, vows revenge AFP, AP, Reuters [WASHINGTON] US President George W Bush authorised yesterday a call-up of 50,000 reserves as the US military prepares for a no-holds-barred campaign against terrorism in the wake of the devastating suicide attacksAFP,; AP,; Reuters; AFP; REUTERS - 1,077 words
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Advertisement30 2001-09-15 1 PI OCBC Securities dealer charged Page 7 Air NZ owners may face action Page 7 V* I I'* 11 .I- 23 41 Pulp friction The Arts, Page 16 8 ill30 words
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Advertisement56 2001-09-15 1 MORE REPORTS S'pore banks* NPLs seen rising to low teens, Pg 2 Bond traders bet on fast rate cut, Pg2 Forced selling brings STI down to 1,400, Pg 3 Leon Hadar: Post-post-Cold War era dawns, Pg 4 Karim Raslan; The big challenge for moderate Islam, Pg 6 Rate cat expectations56 words
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Advertisement62 2001-09-15 1 Mflfw t "^r_ xy' Breguet. La passion laisse des traces. w Wnstwatch "Complication in 18-carat yellow gold Self-winding movement with power-reserve f j-,,^y/y 1// indicator date calendar phases and age of the moon Silvered gold dial hand-engraved on a rose engine Water-resistant |x>puK ,775 Montr*! Brtguat BA. Vail** de Joun,62 words
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TERRORIST attacK on America
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680 2001-09-15 2 Angela Tan - Bat some analysts are more optimistic as Asian crisis has already wiped off weaker borrowers By Angela Tan [SINGAPORE] Singapore banks could see their nonperforming loans (NPLs) doubling to the low teens levels seen during the 1998 Asian crisis680 words
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412 2001-09-15 2 2-year notes gain US$7.5O, driving yields down to 2.98% [ATLANTA] Investors were betting the Federal Reserve would slash short-term interest rates by as much as half a percentage point, perhaps as early as yesterday. They sent prices of US412 words
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452 2001-09-15 2 AFP [HONG KONG] International air travel to the US remained in chaos yesterday as Washington cautiously allowed some flights back into US skies after severing all air links for the first time in history. The air system was officially reopenedAFP - 452 words
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1044 2001-09-15 3 R Sivanithy - Mixed fortunes on other Asian bourses with losses ranging from 3% to 6.6% By R Sivanithy [SINGAPORE] Waves of forced selling brought on by margin calls and fund redemptions yesterday sent the Straits Times Index reeling by 38.37 points, or 2.7 per cent, to1,044 words
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148 2001-09-15 3 THE Singapore Exchange (SGX) will observe a three-minute silence on Monday as a mark of grief for the terrorist attacks in New York. The exchange said yesterday its securities market will observe the silence from 2pm to 2.03pm, after which the afternoon trading148 words
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358 2001-09-15 3 AP [TAIPEI] Taiwan shares sunk to a new eight-year low yesterday as terrorist attacks in America this week further dashed hopes of a near-term recovery for the island's economy, dealers said. The Weighted Price Index of the Taiwan Stock ExchangeAP - 358 words
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Article, Illustration337 2001-09-15 3 Harish Mehta - From Harish Mehta in Bangkok PANIC-stricken Thai investors dumped stocks, sending the market plunging 6.5 per cent and taking the market to a sixmonth low ahead of the release of quarterly GDP data on Monday. The massive sell-off took place as investors againAP - 337 words
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429 2001-09-15 3 Prices rise farther as T&leb&n vows revenge if US attacks Afghanistan Reuters [LONDON] World oil prices added a war premium yesterday on fears of US military retaliation for Tuesday's suicide attacks on the New York World Trade Center and the Pentagon. EuropeanReuters - 429 words
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Article, Illustration502 2001-09-15 3 Anthony Rowley - Market turmoil will pnt global economy at risk, he says From Anthony Rowley in Tokyo JAPANESE Prime Minister Junichiro Koizumi last night urged US and other world leaders to react "calmly" in its response to this week's terrorist attacks on New York and Washington,502 words
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Article229 2001-09-15 3 'It is very hard to think about stocks in an environment like this. It's an extremely difficult situation.' Marr CTTTIHTTWH, tL pfOPIiPODt ihOTt BCIIOT Cohodes said Paul Furmato, a good friend, was a trader at Cantor Fitzgerald and died in the attack on the WTC 'We won't die without His229 words
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Article, Illustration1538 2001-09-15 4 leon hadar - 13l comment Anti-terrorism will now serve as the strategic frame to US foreign policy and its alliances, in the same way that anti-communism served in that role during the Cold War leon hadar FOR more than 10 years, the policy agenda of the US capital hasAFP - 1,538 words
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326 2001-09-15 4 Al Labita - From Al Labita in Manila PHILIPPINE police tracked down suspects linked to Tuesday's terrorist attacks in the United States. Justice Secretary Hernando Perez told a news briefing that the suspects, all "Ar-ab-looking", were arrested after a series of raids carried out by326 words
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Article418 2001-09-15 4 126 people are still unaccoanted for; toll could be about 190 Reuters [WASHINGTON] Searchers combing blackened rubble at the Pentagon found yesterday the key electronic flight data and voice recorders the so-called 'black boxes' from a hijacked jetliner that hit the massive building, a defence officialReuters - 418 words
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570 2001-09-15 4 China willing to join campaign bnt its views are contrary to those of US LAT-WP AFP, [BEIJING] China yesterday renewed its willingness to join the global fight against terrorism, but Sino-US differences mean the two countries face grave difficulties agreeing on what actionLAT-WP; AFP, - 570 words
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IN Brief
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129 2001-09-15 4 AFP [NEW YORK] The global insurance industry can withstand the US terrorist disaster's financial impact, likely to be the biggest ever, Standard and Poor's said yesterday. "While we cannot yet endorse a specific estimate, companies so far have acknowledged around US$4 billion in losses,AFP - 129 words
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64 2001-09-15 4 Reuters [WASHINGTON] The World Bank and the International Monetary Fund want to call off their annual meetings set for the end of the month in Washington in the wake of Tuesday's terror attacks, a senior World Bank source said on Thursday. However, theReuters - 64 words
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103 2001-09-15 4 Reuters [FRANKFURT] Flamboyant German Internet millionaire Kim Schmitz said yesterday he had received thousands of tips from around the world in response to his offer of a US$lO million reward for information on the terror attacks in the US. Mr Schmitz, a 27-year-old ex-hackerReuters - 103 words
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91 2001-09-15 4 Reuters [NEW YORK] US television networks stand to lose hundreds of millions of dollars from their decision to broadcast commercial-free news coverage of the attacks on the World Trade Center and the Pentagon, advertising executives said on Thursday. Jack Myers, chief economist for researchReuters - 91 words
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40 2001-09-15 4 AP [KUALA LUMPUR] The world's tallest buildings, the Petronas Twin Towers, reopened to tourists on Thursday, a day after a false bomb threat caused Malaysian police to evacuate thousands of office workers and shoppers. APAP - 40 words
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87 2001-09-15 4 Reuters [SEATTLE] Mass e-mailings are now being used to try to rally Americans after Tuesday's devastating terror attacks. From lighting candles to wearing the red, white and blue colours of the American flag, several e-mails swirled around the country on Thursday, urging readers to,Reuters - 87 words
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Article, Illustration957 2001-09-15 5 18 men believed to be directly involved in hijackings with possible ground support from more AP [WASHINGTON! At full throttle, US Intelligence and law enforcement officials are trying to identify collaborators in this week's terrorist attacks to ensure they don't strikeAP; REUTERS - 957 words
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301 2001-09-15 5 Chuang Peck Ming - By* Chuang Peck Ming I fih number of Singaporeans seeking the help of the Ministry of Foreign Affairs to locate friends and relatives after Tuesday's terrorist attacks in the US has dwindled. This suggests that most who needed to confirm the safety of friends301 words
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278 2001-09-15 5 Ling Su Ann - The bulk of its 3,700 staff survived the attack By Ling Su Ann MORGAN Stanley, which housed about 3,700 staff at Manhattan's doomed World Trade Center, said yesterday fewer than 40 of them are unaccounted for and no deaths have been confirmed. The278 words
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Article, Illustration1165 2001-09-15 6 karim raslan - l»li comment karim raslan GLOBAL attention is moving swiftly from the scene of the murderous carnage on the eastern seaboard of the USA to the Middle East and Afghanistan. As the cries for retribution gather understandably in intensity, it is important to understand thatFILE PHOTO - 1,165 words
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270 2001-09-15 6 Harish Mehta - From] Harish Mehta in Bangkok A THAI man, Jukkrapan na Ayutthaya, went to work on Tuesday. He works for fashion retailer DKNY on the 69th floor of the World Trade Center. He is now missing, feared dead. A young Thai woman, Orasri270 words
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Article, Illustration454 2001-09-15 6 NEW YORK Silverstein's Manhattan holdings halved to 8m sq ft DEVELOPER Larry Silverstein, who became New York's biggest commercial landlord when he bought the lease on the World Trade Center, lost more than half his holdings in Tuesday's terrorist attack. Less454 words
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IN Brief
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Article78 2001-09-15 6 TWO Singapore Airlines flights, diverted to Toronto and Vancouver after Tuesday's terrorist strikes, landed in the US on Thursday night, SIA said yesterday. Flight SQ36, which left Singapore on Monday, arrived in Chicago. SQI6, which took off on Tuesday, arrived in San Francisco. SQIS (San Francisco-Seoul-Singapore)78 words
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Article46 2001-09-15 6 THE enormous interest in news about the terrorist attack saw a doubling in Asia One's pageviews overall on Thursday. Of the three online newspaper editions, BT Online's pageviews climbed by about 50 per cent STl's by around 2.5 times, and Zaobao's nearly quadrupled.46 words
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55 2001-09-15 6 COURIER service UPS said yesterday it expects to run a "full up" air operation within the US and, as a result, would deliver almost all of its backlog of express packages by yesterday morning. All other air packages will be delivered by55 words
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Advertisement45 2001-09-15 2 Efri. nTF^^BMMBMMBBMMi B^HI [iTiSI Lianhe Zaobao I I HOW should I I local SMEs I I respond to I I drastic I I changes I I in China's I I business I I environment? I I 't'SWSWSFSS I I I I I I fttfnJ£iZ3E? I45 words
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Advertisement1560 2001-09-15 5 1 CHEMICAL INDUSTRIES (FAR EAST) LIMITED. 3 JALAN SAMULUN, SINGAPORE *****7. TEL: *****11 FAX: *****90 Y-£j -31 ±k. (iS 35xl PS HZ SI NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 3 Jalan Samulun Singapore *****7 at1,560 words
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Advertisement140 2001-09-15 5 In th« Matter of The Companies Act, Cop. 50 And In the Matter of NICODEMUS BUILDERS PTE LTD (In Creditors' Voluntary Liquidation) At an Extraordinary General Meeting of •he members of the abovenomed Company, duly convened and held at 336 Smith Street *06-308 New Bridge Centre Singapore *****6 on 10140 words
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Advertisement87 2001-09-15 5 Principal Select Investment Funds Suspension of Dealings Pursuant to paragraph 12.5 (c) of the trust deed, we hereby give notice that all dealings with respect to the Principal Select Investment Funds were suspended from 12 September 2001 until further notice due to closure and disruption of major markets. Please contact87 words
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Advertisement1220 2001-09-15 6 To advertise 741 1883/ Email recrnitsoBph.coiii.sg I CHEMICAL INDUSTRIES (FAR EAST) LIMITED. 3 JALAN SAMULUN, SINGAPORE *****7. TEL: *****11 FAX: *****90 (is3=R) NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the Thirty-seventh Annual General Meeting of Chemical Industries (Far East) Limited will be held at the Registered Office of the1,220 words
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Advertisement314 2001-09-15 6 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF LINTON MACHINERY (PTE)LTD (In Members' Voluntary Liquidation) At an EXTRAORDINARY GENERAL MEETING of tm member* of LINTON MACHINERY (PTE) LTD duly convened and held AT BLK 165 BUKJT MERAH CENTRAL #06-3667 &ngapore *****5 on 12 September314 words
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SINGAPORE companies
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Article, Illustration861 2001-09-15 7 Beth Jinks - Probe on whether Ansett traded beyond legal limits By] Beth Jinks AIR New Zealand's directors and shareholders, including Singapore Airlines, could be exposed to legal action over the liabilities of its insolvent subsidiary Ansett. The collapsed Australian airline was grounded yesterdayAFP - 861 words
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604 2001-09-15 7 Teh Hooi Ling - It will provide such customers with region-wide services By Teh Hooi Ling PACIFIC Internet is counting on its new integrated regionwide strategy for the corporate market to lift it out of the red. This was the message from PacNet's six-month-old chief executive Tan Tong604 words
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508 2001-09-15 7 Kalpana Rashiwala - Analysts had expected $50-2 m profit; loss due in part to undisclosed provisions By Kalpana Rashiwala QUEK Leng Chan's First Capital Corporation (FCC) yesterday posted a $22.3 million group net loss, against a $55 million net profit the previous year. The dive into508 words
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343 2001-09-15 7 Christopher Tan - By Christopher Tan SMRT Corp has completed due diligence in relation to its takeover of Tibs Holdings. And the listed bus company said it has started talks with prospective buyers of its non-core businesses. The sale of non-core divisions namely343 words
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Article, Illustration447 2001-09-15 7 Serena Ng - Move against suspended OCBC Securities dealer comes after week-long probe Hy\ Serena Ng A SECURITIES dealer was charged yesterday over a bogus Internet posting about a takeover bid for Venture Manufacturing. A week-long probe by the Commercial Affairs Department culminated inWONG KWAI CHOW/ST - 447 words
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Article587 2001-09-15 7 al labita - lock siew al labita SOME foreign stockbroking houses, four of them Singaporean, are pulling out of the Philippines and nobody in President Gloria Arroyo's government, it seems, is giving the development any thought. Yet, the country's struggling economy badly needs them at a time when direct587 words
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367 2001-09-15 8 Ling Su Ann - Affected shareholders will not get a window to clear their positions Byl Ling Su Ann THE Singapore Exchange (SGX) yesterday rejected the Securities Investors Association of Singapore's (SIAS) request to re-open trading in Links Island shares to allow shareholders affected by the367 words
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190 2001-09-15 8 SINGAPORE Press Holdings yesterday said it closed down its Sydney-based sub-editing office last week to reduce costs. The office, which provided sub-editing facilities for The Straits Times and The New Paper, employed nine Australians or permanent residents. The employees, mainly sub-editors, had190 words
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398 2001-09-15 8 Serena Ng - High Court upholds outcome of Inno-Pac EGMon Aug7 By Serena Ng THE High Court yesterday ruled that the outcome of Inno-Pacif-ic's extraordinary general meeting on Aug 7—which saw its former chairman, managing director and executive deputy chairman ousted by shareholders holds, legal sources398 words
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413 2001-09-15 8 Andrea Tan - He divests nearly half his share in the firm to repay loans Byi Andrea Tan PROGEN Holdings chairman Lee Eng has sold almost half his stake in the company to former Ponggol Marina club director Tan Koo Chuan to repay loans. "I borrowed413 words
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COMPANY Briefs
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83 2001-09-15 8 Bloomberg SINGAPORE Telecommunications yesterday said its US$7 billion offer to buy Australia's Cable Wireless Optus will close on Monday as planned. Sing Tel has bought about 96 per cent of Optus shares. The offer for the remaining shares will close on Monday atBloomberg - 83 words
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Article88 2001-09-15 8 UNITED Engineers Ltd (UEL) announced yesterday its wholly-owned subsidiary United Engineers (Singapore) (UES) has entered into a memorandum of understanding with CLP Power International Ltd on a power project in Singapore. UES and CLP will jointly undertake the evaluation of the feasibility of investing in88 words
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Article79 2001-09-15 8 COLEX Holdings said first half2ool net profit fell 50 per cent to $176,000. Group turnover stood at $17.5 million, up 3.7 per cent, attributable to higher turnover from its contract cleaning operation which was partially offset by lower turnover from the commercial and industrial79 words
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51 2001-09-15 8 SEA View Hotel has narrowed its net loss to $1.4 million for the year to June 30 from a loss of $3.1 million a year ago. The turnaround was largely due to better sales of associates in China, which are in the cement manufacturing51 words
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FINANCE
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322 2001-09-15 8 C K Lau Refco Singapore - ST Index/MS&S'pore Index C K Lau Refco Singapore SINGAPORE stocks sank further yesterday on share redemptions and margin calls led by big capitalised blue chips on fears of an US retaliation to the terrorist attacks delaying the recovery of the sluggish American economy. The322 words
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Article237 2001-09-15 8 Daniel Wong Refco Singapore - MSd Taiwan Index Daniel Wong Refco Singapore TAIWAN stocks continued to dive yesterday, led by Taiwan Semiconductor Manufacturing Co on concerns that the terrorist attacks in the US may delay hopes of a recovery, thus hitting demand for Taiwan's electronics exports. The MSCI Taiwan Stock Index237 words
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Article224 2001-09-15 8 Reuters London THE greenback fell across the board yesterday as defiant comments from the Afghanistan's Taleban government added to bearish US dollar sentiment in the wake of Tuesday's massive terrorist attacks on the United States. Markets were already becoming jittery in thin and volatile morning trade at theReuters - 224 words
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Article, Illustration1225 2001-09-15 8 MTERBAME CROSS RATES sepi W V* C$ Bwb Eire Ffr DwHKSlwdts topUk Yaw Won I* MZS Pafc Nsc S$«H Sfr MT$ Balrt Hmt US$ Australia 0.807 4.276 0.564 3.702 1.104 4.019 24.567 47.021 0.613 6.686 1.958 1219 33.033 26.435 0.895 4.444 0.848 17.809 22.794 0j50 0.515 Canada 1.239 5.2% 0.6991,225 words
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Article1871 2001-09-15 9 BOOM FUTURES sepu RUBBER (futures closing it 5.30**) RSS1 CONTRACTUS cents/kq) Close Volume Opm HW> Low Sett (tonnes) Interest Oct 01 T k)2.50 Nov 01 W3.50 Dec 01 104.50 Jan/Mar 02 106.25 RSS 3 CONTRACT (US cents/kg) Volume Open High Low Sett (tonnes) Interest Oct 01 k!50 950 i2T51,871 words
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SINGAPORE news
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464 2001-09-15 9 Vince Chong - Isi^xciusive Portfolio set to grow to $850 m; about $20m in new loans brought in per month Reports by Vince Chong NTUC INCOME is quietly nibbling its way into the $40 billion mortgage market, say observers. According to NTUC Income senior464 words
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385 2001-09-15 9 Bat margins to drop on price cats to help people: chairman SUPERMARKET giant NTUC Fair Price said yesterday sales for the current financial year ending March 2002 may increase some 7-10 per cent from last year's figure of $1.07 billion, despite the385 words
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327 2001-09-15 9 NTUC Income cuts reverse mortgage loan rate -point NTUC Income will reduce its reverse mortgage loan interest rate by half a percentage point to 4.75 per cent come Oct 1. The scheme, targeted at Singaporeans aged 55 and above, has seen over 200 applicants, or a fifth of its potential327 words
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Article, Illustration519 2001-09-15 9 Kalpana Rashiwala - Drop in prices of HDB resale flats, private properties cited as reasons By Kalpana Rashiwala THE queue for new Housing and Development Board (HDB) flats under the Registration for Flat System (RFS) has shrunk to 22,000 at June 1, down from about 146,000ARTHUR LEE - 519 words
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601 2001-09-15 10 Chuang Peck Ming - on the economy exports But month-on-month rise expected, with pick-np in chemicals, electronics Byi Chuang Peck Ming ANALYSTS surprised by July's plunge in exports are looking to an even sharper fall when the Trade Development Board unveils the August figures on Monday.601 words
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MAIL bag
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418 2001-09-15 10 Jean Tan (Ms - Jean Tan (Ms) Director, Corporate Communications for Permanent Secretary Ministry of Manpower WE refer to the letter "Define 'top-end' talent" (Mailbag, Sept 11) by Cheng Shing Chow. He said that while "right minded Singaporeans are unlikely to object to importing foreign talent to418 words
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981 2001-09-15 10 Sam Chong Keen - Sam Chong Keen Managing Director Lion Asiapac Limited Singapore I REFER to your Hock Lock Siew column "Lion Asiapac needs to focus" by Teh Hooi Ling (BT, Sept 11). My response to it is: Lion Asiapac (LAP) is more than focused.981 words
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151 2001-09-15 10 Chia Hui Ping Singapore - Chia Hui Ping Singapore PRIMA incurred a forex loss of $9.8 million for the six months ended June 30 2001. This follows a $16.2 million forex loss for the year 2000. Six months ago. Prima explained that the forex loss in151 words
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89 2001-09-15 10 Tan Kok Tim Singapore - Tan Kok Tim Singapore I REFER to the article "Terrorists flew the planes themselves'" (ST. Sept 12). More than 10 years ago. I wrote and suggested that the cockpit of commercial aircraft should be self-contained and sealed to prevent terrorists from taking over control89 words
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Article7623 2001-09-15 10 HONG KONG Vol Sep >4 HK$ COOP) AcrossAsia Multimedia 0.90 unch 0 Alpha General 0.03 unch 1400 Amoy Prop 7.60 unch 1352 Ananaa Wing On 0.06 unch 9770 Angang New Steel M 0.63 -0.01 7922 Anhui Conch H 1.21 -0.06 1204 Anhui Expressway H 1.10 -0.04 2418 Arcontech7,623 words
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Advertisement69 2001-09-15 10 We welcome letters. E-mail us at bttetterHsph. com. sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and69 words
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REGIONAL news
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475 2001-09-15 11 Eddie Toh - Offer 'unconditional' now; will enable EL to delist company and revamp its debts From Eddie Toh in Kuala Lumpur THE Malaysian government has succeeded in garnering 90 per cent of United Engineers Malaysia (UEM) under a hostile takeover and that will enable it to475 words
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310 2001-09-15 11 KUALA LUMPUR EL forms special team to monitor economy following attacks on US Reuters PRIME Minister Mahathir Mohamad said Malaysia may have to pump-prime its economy out of trouble in the aftermath of the terror air attacks against the United States, BernamaReuters - 310 words
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LATE Briefs
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69 2001-09-15 11 AFX [KUALA LUMPUR] Malaysia and Thailand are close to finalising an agreement to use each other's currencies, instead of the US dollar, for a portion of their bilateral trade transactions, the Malaysian Business Times quoted sources as saying. The two countries have agreed onAFX - 69 words
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93 2001-09-15 11 Reuters [GENEVA] China and Mexico on Thursday signed an accord removing a hurdle to Beijing's accession to the World Trade Organization. WTO spokesman Keith Rockwell said no details were yet available on the accord, which had been delayed for nearly a year over disagreementsReuters - 93 words
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54 2001-09-15 11 AFP [HONG KONG] Bank of China has decided to postpone its listing plan due to instability in global financial markets after the terrorist attacks in the US, it was reported yesterday. The bank had scheduled the listing for March 7 next year, the HongAFP - 54 words
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74 2001-09-15 11 Bloomberg [KUALA LUMPUR] ChipPac Inc, one of the three biggest chipmakers, will invest 500 million Malaysian ringgit (***** million) to assemble and test new chips in Malaysia, a spokesman said. It will install new equipment in its 524,000-sq-ft facility early next year after movingBloomberg - 74 words
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212 2001-09-15 11 SHANGHAI Bloomberg CHINESE regulators for the first time reprimanded three publicly traded companies over stock investments, as it stepped up efforts to clean up the nation's scandal-wracked securities industry. Unicom Guomai, Liaohe Jinma Oilfield Co and Changchun Chanli Industry Commerce Co,Bloomberg - 212 words
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Article, Illustration557 2001-09-15 11 HONGKONG Deal signed to bny Jimmy Lai's media assets for HKs2.62b Reuters NEXT Media Ltd is poised to become Hong Kong's secondbiggest print media firm after inking a deal to buy the popular Apple Daily and other assets fromReuters; AFP - 557 words
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304 2001-09-15 11 U HONGKONG Bloomberg ING Barings, the investment banking unit of ING Groep NV, said it is cutting equity staff in Hong Kong, where the stock market has slumped more than a third this year as growth has stalled among Asia'sBloomberg - 304 words
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Article2598 2001-09-15 12 BONDS WARRANTS sepu R Mt M UHi 52 »w* last M on UMak kn <%—* Cm* Urn Oh HUB M*k Lew fi"im Salt *m- COM) Ml* U» hy» Safer Ma M Ut» Mm (%t UN 39.5 17 s ASTIW*****1 17 -2 108 18 17 16 173 22 262,598 words
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WORLD news
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623 2001-09-15 12 WASHINGTON Hopes for a recovery soon dim as terrorist attacks erode consumer optimism Bloomberg, AP RETAIL sales showed their largest gain in four months in August, an increase that is probably short-lived as a result of terrorist attacks onBloomberg,; AP - 623 words
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WORLD Watch
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53 2001-09-15 12 Reuters [WASHINGTON] US District Court Judge Colleen Kollar-Kotelly, who is overseeing the Microsoft Corp anti-trust case, gave the company and the Justice Department an extra four days to submit a joint report originally due yesterday. The report will outline how both sides think the case shouldReuters - 53 words
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Article40 2001-09-15 12 Bloomberg [PARIS] STMicroelectronics NV, Europe's biggest chipmaker, has reduced its workforce by 2,500 people or 6 per cent this year in an effort to cut costs. Most of the reductions have been through attrition. BloombergBloomberg - 40 words
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Article50 2001-09-15 12 Bloomberg [YOKOHAMA, Japan] Victor Co widened its fiscal first-half loss forecast, saying demand for mobile phones and PCs has fallen more than expected. It now expects a net loss of 19.5 billion yen (SS2B4 million), almost four times the 5 billion yen projected in April. BloombergBloomberg - 50 words
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54 2001-09-15 12 Bloomberg [SEOUL] South Korea's economic recovery may be delayed beyond the fourth quarter, after the terrorist attacks in the US. "We've been awaiting a gradual economic pick-up from the fourth quarter." the Finance Ministry said. "But it's more likely the timing of the recoveryBloomberg - 54 words
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387 2001-09-15 12 NEW YORK Results briefing delayed till after markets reopen NYT ORACLE Corp, saying it was determined "not to be bowed by despicable acts of terrorism," on Thursday released first-quarter earnings that slightly exceeded Wall Street's estimates despite lower sales. But the company, based inNYT - 387 words
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279 2001-09-15 12 SEOUL AFP CREDITOR banks yesterday agreed to a US$5.2 billion debt-for-equity swap and debt rollover for Hynix Semiconductor Inc but delayed a key decision on new loans for the ailing chip-making giant, officials said. The debt roll-over and US$2.3 billion debt-for-equity swap will giveAFP - 279 words
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Article, Illustration402 2001-09-15 12 LONDON Bloomberg, AP lAIN Duncan Smith, who was chosen yesterday as the new leader of Britain's opposition Conservative Party, said he will "never" vote to join the euro and once flirted with pulling out of the European Union. Mr Duncan Smith's victory overBloomberg,; AP; REUTERS - 402 words
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Article275 2001-09-15 13 PALO ALTO Intel offers jobs to all of the staff, and nearly all accept Bloomberg HEWLETT PACKARD Co, the second-biggest computer maker, is closing a unit that makes chipsets for servers that run websites, and Intel Corp will hire most of the workers. Terms ofBloomberg - 275 words
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Article204 2001-09-15 13 FT [LONDON] Heineken, one of the world's top three brewers, will be headed by Anthony Ruys, a former Unilever marketing executive, from next year. In April he will succeed Karel Vuursteen, who is to retire after nine years as chairman of the Dutch group. Heineken announcedFT - 204 words
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Article7785 2001-09-15 13 SGimaBOABD Or Gr M Wl LMt Vol (toy latt Quote D*v Otv YU MM Cm Ana lo» Ompm, S*t w (HBO N» U. >wr hi, Cw P* s3w5 MULTI-INDUSTRY 143 25 c Acma 50c 27 -3 234 29 2S 25 27 0.5 19.9 0.9 7.1 469 29 417,785 words
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BT motoring
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BUMPER to BUMPER
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64 2001-09-15 14 THE next COE open-bidding period begins at 9 am on Monday and ends at 4 pm on Wednesday. There will be 613 certificates in the motorcycle category, 328 in the commercial vehicle category and 684 in the Open category available. Bids can be lodged through64 words
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101 2001-09-15 14 UOODYKAK oi tne us ana Micnenn oi rranee, uie world's two biggest tyre makers, have signed separate joint-venture deals with automotive electronics groups to provide "intelligent" tyre systems to car makers. The ventures partly aim to provide the tyre makers with a richer revenue stream101 words
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Article82 2001-09-15 14 MG ROVER has unveiled the MG XPower 385, a rear-wheel drive sports car driven by a 1.6-litre V 8 engine that produces 385 horsepower. It will be on sale next year. The car is a road-going version of the ZT Extreme and will be priced82 words
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Article60 2001-09-15 14 VOLKSWAGEN is in talks with ABN Amro about acquiring the vehicle-leasing business of the Dutch financial services group for close to 1 billion euros (Ssl.6 billion), according to the Financial Times. The VW supervisory board is expected to consider a deal that would sharply expand its60 words
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Article61 2001-09-15 14 Christopher Tan - -Compiled by < Christopher Tan CITYCAB has started a "share-a-MaxiCab" scheme through which people in the central business district can share the six-seaters to housing estates in the north and east. These cabs will be available at selected taxi stands on weekdays from spm to Bpm. A flat61 words
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Article, Illustration731 2001-09-15 14 CHRISTOPHER TAN - The show goes on sort of THE millennium's first Internationale Automobil-Ausstellung in Frankfurt turns out to be a mediocre event Not because the razzmatazz is restrained in the light of events in the US, but because a number of expected star debuts are absent These include DaimlerChrysler's Maybach, Bentley's MSB731 words
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Page 14 Advertisements
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Advertisement97 2001-09-15 14 If you have something $100 worth o' motor-related to get off vouchers. Prizes are j your chest, write to us. \J\J f QOI sponsored b> We welcome feedback ~%--i I M STAMFORD TYRES and suggestions from sal 1 Singapore s onl^ readers. listed tyre and autc The AUTOMOBILE services group97 words
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BIZ woman
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Article, Illustration785 2001-09-15 15 CHEAH UI-HOON - Dancer and choreographer Amanda Miller tells mB B Ul-HOON about her tremendous passion CHEAH UI-HOON DANCING is as natural as walking for dancer and choreographer Amanda Miller. "I started when I was four, and just continued with it," she says. Describing herself as someone785 words
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THE arts
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Article, Illustration651 2001-09-15 15 Parvathi Nayar - By Parvathi Nayar "OUR goal is to induce terror. Not the physical terror of the terrorists we have witnessed this week but mental, psychological terror," says Putu Wijaya, celebrated Indonesian playwright-director. "I want to use theatre, not to change people, butRICHARD CHNG - 651 words
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Article, Illustration487 2001-09-15 15 Parvathi Nayar - Byl Parvathi Nayar FORGET cloning. The only human with any real shot at immortality is the Bard, and he's getting a whole new Singaporean makeover, with The Bell Shakespeare Company setting up office here next year. The Australian theatre company was founded in 1990, withARTHUR LEE - 487 words
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Article463 2001-09-15 15 Aaron Lye - Compiled by Aaron Lye EXHIBITIONS Reflections of Nature An exhibition by Malaysian artist Cheah Thien Soong. Until Sept 16, llam-7pm (Mon-Sat), llam-5pm (Sun), SoobinArt Gallery, 140 Hill Street, MIT A Building, U01-10/12 Seeds An exhibition by Mexican artist Rafael Cazares as part of the Festival Mexicano 2001. Features463 words
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Page 15 Advertisements
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Advertisement6 2001-09-15 15 Ticket hotlines Sistic: 348-5555 Ticketcharge: 296-29296 words
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Page 15 Miscellaneous
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Miscellaneous336 2001-09-15 15 CBYTTIC CROSSWORD ACROSS 5 Such people may have to mind 1 Strip fonts open today (6) their own business (4-8) 4lt makes pears lie against the 6 Plays parts or play's parts (4) waH, for example (8) 7 I misdo translations because 9 He refuses to eat more quickly these336 words
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EXECUTIVE Arts
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Article, Illustration1099 2001-09-15 16 CHEAH UI-HOON - A new exhibition focusing on materials used in contemporary artworks is sensuous and hip, says CHEAH UI-HOON CHEAH UI-HOON PULP(pulp)n. 1. A soft moist shapeless mass of matter. 2. A mixture of cellulose material, such as wood, paper, and rags, ground up (and moistened to make paper). 3.1,099 words
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Article, Illustration564 2001-09-15 16 Geoffrey Eu - Byl Geoffrey Eu THE push to turn Singapore into a high profile player in the international arts scene will gain momentum later this month when the sophomore edition of ARTSingapore, the homegrown contemporary Asian art fair, makes its appearance from Sept 29 to Oct564 words
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