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SINGAPORE NEWSPAPER HIGHLIGHTS - AUG 1, 2001.

AsiaPulse News

| August 01, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SINGAPORE, Aug 1 Asia Pulse - Highlights of today's newspapers:

THE STRAITS TIMES

- Chief executive Barry Waite of Chartered Semiconductor Manufacturing will raise his personal holdings in the Nasdaq- and Singapore mainboard-listed silicon foundry by as much as a quarter this year through the exercise of his options.

- In A dramatic improvement, more than 75 per cent of unit trusts in the Central Provident Fund Investment Scheme showed positive returns in the three months to June 30 - thanks to better-performing stock markets.

- The Mid-Continent trial of Dick Gwee and Tan Hong Pheng took an unexpected turn yesterday after prosecution lawyers sought to amend charges against the duo.

- Singapore Telecom's first-quarter earnings fell 2.5 per cent to $579 million, hit by full-fledged competition and a weakening economy.

- Motor and property group Cycle & Carriage said yesterday its net profit rose 33 per cent to $26 million for the half-year ended June 30.

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