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SINGAPORE NEWSPAPER HIGHLIGHTS - MAY 1, 2003.
SINGAPORE, May 1 Asia Pulse - Highlights of today's newspapers:
THE STRAITS TIMES
- Against a backdrop of rising unemployment, the task of ferreting out job vacancies and training Singaporeans for them is being given to the soon-to-be-established statutory board for continuing education and training.
- Singapore Airlines (SIA), facing its worst financial crisis, has asked its 6,600 cabin crew members to take significant amounts of unpaid leave in a bid to cut costs as it slashed a further 99 flights from its weekly schedule.
- SINGAPORE Technologies Telemedia (ST Telemedia) yesterday tabled a renewed bid for Global Crossing after co-bidder Hutchison Whampoa pulled out of an earlier joint offer for the United States-based fibre-optic network operator.
- NEW YORK - Stocks ended higher in the United States on Tuesday, reaching fresh three-month highs, on an unexpected surge in consumer confidence and strong corporate profits.
- Singapore's semiconductor sales grew a healthy 11.2 per cent last year, according to a new study by Gartner Dataquest. But the biggest player here, Intel, yesterday warned that Sars may hurt sales if it is not contained soon.
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