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SINGAPORE NEWSPAPER HIGHLIGHTS - MARCH 19, 2004.

Asia Africa Intelligence Wire

| March 19, 2004 | COPYRIGHT 2004 Financial Times 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

(From Asia Pulse)

SINGAPORE, March 19 Asia Pulse - Highlights of today's newspapers:

THE STRAITS TIMES:

- A series of surprise announcements to the Singapore Exchange (SGX) by three listed companies controlled by the late Khoo Teck Puat has shown that one of Singapore's wealthiest men had controlled a bigger stake in each firm than had been previously disclosed.

- A move by DBS Group Holdings to slash the number of stock options issued to chief executive Jackson Tai could be the start of a trend by Singapore companies to take a hard look at this perk, ahead of an expected rule change requiring firms to treat stock options as expenses.

- A senior executive from HSBC India - which has seen a flurry of departures from its top ranks - is joining DBS Group Holdings as head of its small but ...

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