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SINGAPORE, June 1 Asia Pulse - Highlights of today's newspapers:
THE STRAITS TIMES
- IN A precedent-setting move, People's Action Party (PAP) Members of Parliament have given their unanimous support of the ministers' choice of Deputy Prime Minister Lee Hsien Loong as their next Prime Minister.
- SHAREHOLDERS of United Overseas Land (UOL) may wonder how the battle for their shares in the property group will unfold, but the man in the thick of it all - United Overseas Bank (UOB) chairman Wee Cho Yaw - has been there and done that before.
- THE Big boys want out, or at least, a better idea of what a wide-ranging law to stamp out anti-competitive corporate behaviour would mean for them when it comes into force.
- OCBC shareholders already have a reason to smile just days after Singapore's central bank relaxed the amount of capital the three local banks need to set aside as a cushion against default by borrowers.
- TWO CHINA-BASED companies, China Petrotech Holdings and Snowcity International Holdings, are next in the pipeline of initial public offers (IPOs) for Singapore, strengthening the trend for companies from China to list here.
Source: HighBeam Research, SINGAPORE NEWSPAPER HIGHLIGHTS - JUNE 1, 2004.