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SINGAPORE NEWSPAPER HIGHLIGHTS - JULY 1, 2004.

AsiaPulse News

| July 01, 2004 | COPYRIGHT 2004 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, July 1 Asia Pulse - Highlights of today's newspapers:

THE STRAITS TIMES

- WHEN 300,000 homes plunged into darkness on Tuesday night, it was the fifth time that the same thing had gone wrong with the gas supply from Indonesia to Singapore.

- BY THE time you read this, global markets will be digesting a crucial decision on interest rates made in the wee hours of the morning, Singapore time, by the United States central bank.

- FRANKFURT - When the United States Federal Reserve lifts interest rates from the lowest level in more than four decades, a move expected yesterday, the news will flash through trading floors and finance ministries overseas with the same fanfare as in the US.

- THE value of Singapore stocks shot up by 7.5 per cent in the first six months of this year, thanks to a first-quarter rally in share prices and a deluge of new listings.

- SCANDAL-HIT Informatics Holdings last night delivered another breathtaking piece of bad news.

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