The Business Times, 7 October 1999

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Total Pages: 46
1 46 The Business Times
  • 13 1 MITA (P) 046/12/96 85* SINGAPORE Internet: http://business-times.asia 1 .com.sg THURSDAY, OCTOBER 7, 1999
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  • 58 1 □srn H«oi7l (+35.99) wmwr-m U7H4B (+13.80) f%aMsanmmss U mm (+7.60) 8T0C1MABKET INDICES Wednesday Change KLSE OOMP,..; 714.H_+U« NIKKEI 17.8K.42 +***** BANG SENG llfiilM +19JI SET INDEX MM 1A JAKARTA COMP 688.71 +2160 MANILA COMP _1*7JB -72* TAIPEI WPf 7JU1JU 4U8 SEOUL OOMP flU 1 +4171 CLSACMHAB tkmi AUSTALLORO
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  • 74 1 ran Bins us$ s$ U8S 1j878 £(08S/SSper£) UU 1776 EWQ(lBS/SSperE) 1J7I 1801 NW_1_ ISO ari ten im tin* RX im 0.141 HK» 7.7W Mil BART mil SMS THJPLAH 7,711 MB* •atmmuaib rami bates SINGAPORE* 5.80 KUALA LUMPUR 716 JAKARTA 4000 BANGKOK 10.00 MANILA 11.00 HONGKONG 8.26 TAIPEI .8.07 SYDNEY
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  • 598 1  -  BOT to become sole owner of bad-loan nnit which UOB will manage for a fee From. Harish Mehta in Bangkok SINGAPORE'S United Overseas Bank (UOB) has secured a 75 per cent stake in Thailand's Radanasin Bank for a net price
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  • 615 1  -  A whole new approach to planning the industrial landscape: JTC chairman Byi Carol Eng [SINGAPORE] Jurong Town Corporation will invest 11.78 billion in its current fiscal year, 84 per cent more than tha previous yea* teanchor its entire itettfcMßt towards catering for
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  • 544 1  -  idexclusive Move aimed at improving investor recognition By i Christopher Tan [SINGAPORE] Motor group Tan Chong International, currently listed on the Hongkong Stock Exchange, may seek to switch its listing to the Stock Exchange of Singapore. Market sources said the Nissan
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  • Page 1 Advertisements
    • 96 1 IIfSXDE Top tforlot Ong Beng BHB Seng has P "^s^o just 16.1% EmH direct bcWB control of fdlfl HPL tEB SPH profit up 17.5% to $326.3 m. *9* Aussie retailer In $33m deal to make Ossia and Pertama its springboard into Asia. P99 CityDev top bidder for Ixora Court. Pg9
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    • 65 1 We are wonderful j {p We are quite the i best country in Europe. In my lifetime all our problems have come from mainland Europe and all the solutions have come from Englishspeaking nations that have kept law-abiding liberty alive for the future. My friends, we are wonderful. A Former
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    • 120 1 HK's property mindset People have told me that the formerly prevalent bubble economy seriously undermined people s work ethic and attitudes towards learning We have witnessed a gratifying change in community mindset. 4} Tung Chee-hwa, Hongkong s chief Union address t/ -V J The movement m k w •C' k
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  • THE next page
    • 748 2  -  Seven-fold surge in investment income to $73.7 m boosts gain By, Jennifer Lien ISINGAPORE] Boosted by a sharp jump in investment income, Singapore Press Holdings (SPH) yesterday posted a stronger-than-expected 17.5 per cent rise in full-year net profit to $326.3 million. The media group's
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    • 518 2  -  Director clarifies report on family's vulnerability to takeover bid By] Lee Han Shih [SINGAPORE] Businessman Ong Beng Seng has direct control of 16.1 per cent of his listed Hotel Properties Ltd, according to information provided by HPL. But together with his inlaws,
      518 words
    • ON THE grapevine
      • 75 2 ROBERT Maxwell, the late newspaper tycoon who mysteriously disappeared from his yacht was reportedly not one who took kindly to investment analysts calling a sell on his stock. One analyst suffered Mr Maxwell's wrath when he put out a negative recommendation. So in his next report on the
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      • 125 2 THE Ritz-Carlton hotel in Singapore isn't content with having one of the "world's sexiest bathrooms". It also wants to lay claim to giving the best bathroom experience. Its bathrooms come complete with new "bath menus", according to a statement from the hotel yesterday. Guests can choose
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      • 109 2 HONGKONG Chief Executive Tung Chee-hwa spent much of his policy address yesterday talking about his HK$3O billion (5|6.5 billion) blueprint on cleaning up the environment But reporters who attended the media session during the speech noticed the government's message on environment protection has obviously not reached some
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      • 138 2 SINA.COM, a Chinese-language Internet portal in which the Economic Development Board is an investor, has seen internal rifts, reports Business Week magazine. In the past month, several senior US executives have left the company, including the chief executive officer, chief financial officer and chief technical officer. Two
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  • Page 2 Advertisements

  • SINGAPORE companies
    • 681 3  -  Joint venture to pay $33m for stake in enlarged capital of Pertama By Steve Jacobs in Sydney HARVEY Norman Holdings, an As 3 billion (553.3 billion) listed Australian retailer, is teaming up with sporting goods distributor Ossia International to buy 50.6 per
      681 words
    • 307 3  -  Group plans to do same for KepL&ndby end of the year By Wong Wei Kong THE Keppel Group is unwinding its cross-sharehold-ings in Keppel Tat Lee Bank and expects to do the same for Keppel Land by the end of the year. Under the
      307 words
    • 273 3  -  By\ Siow Li Sen SHAREHOLDERS of United Overseas Bank (UQB) yesterday overwhelmingly approved the merger of the bank's Foreign and Local shares. With that, all the local banks have merged their dual-tranche shares. UOB said 100 per cent and 99.9 per cent
      273 words
    • 546 4  -  NEW LISTINGS 13.3 m shares for public; healthcare gronp expects $9.7 m in net proceeds By. Andrea Tan SESDAQ-BOUND HMI Holdings yesterday launched an initial public offer of 38 million new shares at 27 cents each, which will raise net proceeds of $9.66
      FILE PHOTO  -  546 words
    • 233 4  -  By' Ven Sreenivasan MEDTECS International surged 44 per cent to hit a high of 26 US cents in its first day of trading yesterday as the counter hogged the top spot on the actives list. The stock, which was offered to the public at
      Source: Bloomberg  -  233 words
    • 305 4 It's a major player in the building and upgrading industry IRE Corporation (S), a building maintenance, upgrading and construction-related services specialist, has received in-principle approval from the stock exchange for a Sesdaq listing. Overseas Union Bank is the manager, underwriter and placement agent
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    • 251 4  -  By. Andrew Wee [SINGAPORE! Singaporebased Catcha.com, an Asian Web site and search engine, will seek a listing in Singapore and Nasdaq in the US by next year, according to its chief executive officer. The company also announced a successful second round of Financing yesterday
      251 words
    • 697 4  -  locksiew catherine ong IT comes as no surprise that DBS Bank is the first to raise the white flag in the price war on housing loans. Whatever Elsie Foh, the bank's head for individual banking, might say about the importance
      697 words
    • 468 7  -  SPH RESULTS BRffiFDIO New products to cater to Internet-savvy people: chairman By, Jennifer Lien SINGAPORE Press Holdings (SPH) will launch two new English-language morning newspapers next year. Executive chairman Lim Kim San yesterday said the new products would replace its current
      CHRIS LOH  -  468 words
    • 250 7 SINGAPORE Press Holdings executive vice-president Low Huan Ping has been appointed head of the group's newly set up Internet business, Asia One Internet Pte Ltd. Asia One, a wholly-owned SPH subsidiary, runs a Web site that acts as a portal to online newspapers as
      CHRIS LOH  -  250 words
    • 264 7  -  By Ven Sreenivasan SINGAPORE Press Holdings intends to pursue share buybacks through the normal ready counter or off-market schemes "at an opportune time". In a statement yesterday, SPH cited the uncertainty over its proposed special trading counter (STC) for onmarket share buybacks. The media
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  • Page 3 Advertisements
    • 87 3 jThere're many ways I to treasure your ■MHyi memories I I Rhema Provides liftvan storage m IL j for personal effects you have no I use for at the moment and do not I wish to discard for sentimental or V|W»- other reasons S Store your surplus furniture and effects
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    • 42 3 >K\K OF THf ST Alt 5 M P* T3 Q \>f> MYTH'ILOIY *1 il JL~A £-J O PARIS t M *r£F:, »f#3*£s* r* v r 4* r r Jlr- > r 'T' J* 111 I:\II Ml —l \<l i: "I I M:I Wl-.
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  • Page 4 Advertisements
    • 281 4 GST Practical Complexities In A Tax It's time to discover and to resolve The Executives' Club, OCBC Centre (West Lobby) Thursday, 28 October 1999 Thursday, 18 November 1999 or Thursday, 2 December 1999 Time: Are you aware of the practical issues and complexities involved in GST compliance? Do you know
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  • Page 5 Advertisements
    • 1622 5 SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in Singapore) ANNOUNCEMENT R^HH AUDITED RESULTS FOR THE YEAR AUGUST 31, 1999 k>* fIP^H THE DIRECTORS HAVE PLEASURE IN ANNOUNCING THE AUDITED RESULTS FOR THE YEAR ENDED AUGUST 31, 1999. 1 RESULTS 6 SEGMENTAL INFORMATION Turnover 1999 Change 1999 Change $000 $'000 $000 000 1999
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  • SINGAPORE markets
    • 582 6  -  I-i| comment STOCKS r. sivanithy Handsome gains in Singapore Telecom and Singapore Press Holdings yesterday boosted the Straits Times Index and with it, sentiment in the local market. There was, however, a strong element of hesitancy, a not unexpected development given
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    • 201 6  -  WABBAMT WATCH By R Sivanithy WE'LL keep our spotlight on the penny warrants since the signs are still reasonably positive that this segment will sooner or later enjoy a recovery if blue chips continue to rise as they have. Today's feature
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    • 222 6  -  HOT STOCK Wong Wei Kong KHONG Guan Flour Milling, usually a sleepy stock, sprang to life and onto the top gainers' list yesterday on speculation that the company may change hands. The stock rose 62 cents or 21 per cent to close at
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    • 149 6 progress and the outcome was uncertain. No other details were provided. The company had earlier reported it had returned to the black with a $1.5 million net profit for the financial year end- ♦9.30 am. Institute of Southeast Asian Studies and the Diplomatic Club
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    • 578 6  -  i comment CURRENCIES Sing dollar, baht and rnpiah still rising against USs,bnt yen falls like a stone larry wee IT'S too early to tell for sure, but big speculative players may have overdone it last month going short of regional currencies in favour of the
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    • 448 6 Hocks Volume Medtecs US5c 58,901,000 'Gentinglnt 22,770,000 CM Telecom HK75c 14,083,000 Sunway Intl HK10C 12,634,000 Wing Tai 25c 12,208.000 Asia Food&Prop US$ 11,211,000 STEngg 10c 11,182,000 *TanChonglnt50c 10,413,000 GES Intl Lid 20c 8,579,000 SingTel 15c 7.784.000 Stocks SPH 42,942,940 SIA 40.711,030 UOB Foreign 37.845,314 DBSGrp 30,877,174 0C8C Foreign 26,624,712 STEngg
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  • Page 6 Advertisements
    • 79 6 BBMIB HOLDINGS HMI HOLDINGS LTD (Incorporated in the Republic of Singapore on 26 October 1998) INITIAL PUBLIC OFFERING 38,000,000 New Shares comprising: (a) 13,300,000 Offer Shares at 550.27 each (b) 24,700,000 Placement Shares at 550.27 each Applications for shares under the public offer may be made by way of printed
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    • 9 6 Toothache" "ee y:ur dentist Investment advice 7 323-3955 ©IXISBANK
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  • Page 7 Advertisements
    • 88 7 1 Wc provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including r British Virgin Islands Mauritius Cayman Islands Hongkong Samoa J Full rtomtoiee, corporate secretarial and professionafaßministration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
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    • 8 7 ■>DAY©ft-M#. iM&jMkM MBIT PSB**£ «wg» pfiiSl 1 1
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    • 2224 7 DATAPULSE TECHNOLOGY LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at 15A Tai Seng Drive Datapulse Industrial Building Singapore *****5 on 30 October 1999 at 9.30 a.m. for the purpose of
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  • SINGAPORE news
    • 577 8  -  i comment TECHNOLOGY Big pay-offs if home-grown eduFAD can And commercial success in the global market kenneth james The writer is BT's Technology Editor OVER 1,400 teachers were surveyed recently about the use of information technology in the classroom. Three out of every four
      577 words
    • 312 8  -  I -on the economy prices By] Eugene Low WHOLESALE prices rose for the fifth consecutive month in August, with the domestic supply price index up 4.6 per cent year-on-year. Boosted by strengthening crude oil prices, the index posted firmer growth than in July, when it
      Source: Dept of Statistics  -  312 words
    • 234 8 A GROUP of publishers and authors that include writer Catherine Lim has formed a non-profit body to stop the loss of millions of dollars yearly because of widespread unlicensed photocopying of literary works in schools, colleges and libraries. Called the Copyright Licensing and Administration Society
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    • 89 8 COME Oct 15, Singapore Telecom will increase the coverage for its Budget Call service from the current 55 to all 223 IDD destinations. Budget Call rates to Japan, China, Israel and South Korea will also be reduced by up to 38 per cent, Sing Tel said in
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    • 398 8  -  This gives it starting base of 100 corporate customers By' Teh Hooi Ling STARHUB, Singapore's new operator for fixed and mobile telecommunications services, will be the exclusive distributor of NTT Communications' global managed telecommunications services in Singapore. This means, come April 1, 2000, when Star
      ARTHUR LEE  -  398 words
    • 382 8  -  By Ven Sreenivasan NEWSPAPER advertising revenues have grown despite a slide in total spending by advertisers, according to the the latest AC Nielsen's AdEx survey. The survey, which is closely followed by the advertising industry, found that gross ad spending in newspapers was $48.1
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    • 360 8  -  —aw.Mn Dave Simpson Singapore I REFER to Joyce Chang's reply "Devonshire site has potential with its superb location: MCL" (BT, Oct 2) and thank her for her clarifications. Regrettably, they do not come anywhere near to reconciling the sensitive statements made by her superiors
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    • 107 8  -  Torbjorn Juuso Sweden via Internet I AM writing to give some feedback on the Alan Greenspan article "Greenspan: Asia needs spare tyre" (BT, Sept 29) you carried. The current situation in the banking sector, where banks are living on fees of all kinds, is making it
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    • 663 8  -  Polys, ITEs will also set np customised courses for workers under Manpower 21 By, Andrey Tan THE Ministry of Education (MOE) will not only improve the school system to produce more creative, IT-sawy students, it will also enlarge the schools'
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    • 550 9  -  -ii exclusive Deal could be test case for en bloc sale that does not have consent of all owners By. Kalpana Rashiwala IN what may be a test case for recently amended legislation facilitating collective sales without getting owners' unanimous consent, City
      ARTHUR LEE  -  550 words
    • 660 9  -  WHAT GAM 00 WRONG ON JAM 1,2000 By George Joseph SHOULD the jet set executive and the ordinary holiday maker avoid flying on Jan 1,2000? It's a serious question: Will planes fall out of the sky? The truth is, nobody is prepared
      660 words
    • 302 9  -  By i Carol Eng CITY Developments has priced its freehold Summerhill condominium at an average of $650 per square foot, which is on the lower end of expectations. But the price applies only to the first 125 apartments which will be
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    • 332 9 EN-BLOC fever mounts as three more freehold sites totalling some 119,837 square feet, which are expected to fetch close to $200 million, come onto the market. Owners of the 17 terrace houses along Mandalay and Bhamo Road, on the first site, can expect
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  • Page 8 Advertisements

  • Page 9 Advertisements
    • 76 9 HONT° I BLANC SILVER GOLD PLATINUM I The new Montblanc Platinum Line: H I in homage to the exceptional for I a style in which less is more A classical design combined with the subtle lustre of platinum creates this unufue, pure and timeless collection. h THE ART OF WRITING
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    • 263 9 INTERCONTINENTAL To make your stay even more enjoyable and now twice as rewarding, we'll give you double miles when you book Club Inter-Continental anywhere in Asia Pacific.' Club Inter-Continental. Individual personal service. Twice the rewards. o INTERCONTINENTAL. HOTELS AND RESORTS www.interconti.com for more information/conditions. contact Hotel or Reservations Office Valid
      263 words

  • EDITORIAL & opinion
    • 879 10  -  rTT^ bottom line OPINION michael lewis Michael Lewis, the author of' Liar's Poker'and 'The New New Thing a forthcoming book about Silicon Valley, is a columnist for Bloomberg News. His opinions are not necessarily those of Bloomberg News IN THE two weeks since Microsoft
      879 words
    • 105 10 The civil administratioii is no longer functioning. The judiciary and court systems have ceased to exist Essential services, such as water and electricity, are in real danger of collapse.' -KaAAuM United Nations secretary-general, in a report calling for a sweeping plan for the UN to take overfull
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    • 641 10 EDITORIAL IT is now clear that most Asian economies have experienced a degree of turnaround from the depths of the financial crisis that gripped the whole region in 1997 and 1998. But it is far less obvious that all lessons have been learnt Indeed, if
      641 words
    • 1013 10  -  Popular belief that the Internet is almighty is as much a myth as that of the paperless office By J S Gan The writer has been involved in the Internet industry since the mid-1990s in Singapore ACCORDING to a study released by The Boston
      FILE PHOTO  -  1,013 words
    • 975 10 Germany y France GERMANY has suddenly become the economic and political sick man of the European Union, a change that has taken place in the year since the Social Democrat Gerhard Schroeder was elected chancellor. Meanwhile, in the two years since the Socialist Lionel Jospin became
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  • MALAYSIA news
    • MARKET moves
      • 153 11 SHARES of Telekom Malaysia continued to post gains yesterday on speculation that Japan's Nippon Telephone Telegraph (NTT) might take a stake in the company, though this has been denied by NTT officials. Telekom, which has picked up 75 sen, or 7.5 per cent, over
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      • 159 11 BANK stocks stayed in the limelight yesterday as the Malaysian Prime Minister reiterated comments he had made over the weekend that the list of six banks chosen as anchor banks by Bank Negara might not be final. He said that the government would not force banks
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      • 146 11  -  Compiled by Diana Oon Abdullah DESPITE the announcement by the Malaysian Prime Minister that the election date had not been decided yet, politically-linked second-line stocks saw another day of active trading, with conglomerate Renong leading the way. After seeing its stock and loan stocks beaten down last
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    • 367 11 LABUAN Labnan Int'l Financial Exchange to be owned and developed by ELSE Bloomberg MALAYSIA will set up a new stock exchange in Labuan island's offshore financial centre by March 2000, allowing companies to trade mutual funds, bonds, derivatives and insurance
      Bloomberg  -  367 words
    • 153 11 KUALA LUMPUR AFP MALAYSIA'S central bank is to draw up a master plan to develop the banking sector and map out new strategies, state Bernama news agency reported yesterday. "The master plan will be formulated in consultation with the industry and all other
      AFP  -  153 words
    • 358 11  -  Access limited; no effect on capital controls: analysts From Eddie Toh in Kuala Lumpur THE Malaysian central bank has given offshore banks in Labuan limited access to the ringgit loan market but analysts said the relaxation will not affect the country's
      FILE PHOTO  -  358 words
    • 780 12  -  DrM says room for more than 6 super banks; central bank silent too on remarks From, Eddie Toh in Kuala Lumpur A MAJOR policy rift appears to have emerged in the controversial plan to consolidate the Malaysian banking sector. On the one hand,
      780 words
    • 219 12 KUALA LUMPUR AFX-Asia HONG Leong Credit Bhd says merger discussions with Bumiputra Commerce Bank Bhd and its units, Hong Leong Bank Bhd and Hong Leong Finance Bhd, are progressing. Its chairman, Quek Leng Chan, said the board would advise its shareholders when the
      AFX-Asia; FILE PHOTO  -  219 words
    • 295 12  -  US execs said to be in KL to conduct dne diligence study From Diana Oon Abdullah in Kuala Lumpur DEBT-RIDDEN Time Engineering has another suitor in the form of US long-distance carrier MCI World Com, sources said. Executives of MCI, the sec-ond-largest long-distance
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    • 228 12  -  From Diana Oon Abdullah in Kuala Lumpur PROPERTY developer Country Heights Holdings Bhd yesterday reported that its net earnings soared to 77.2 million Malaysian ringgit (Ss34 million) for the six months ended August 1999, compared to RMS.I million for the same
      228 words
    • 457 12 ■KUALA LUMPUR Shares surge in the morning on election, Budget hopes AFP, Reuters, Bernama MALAYSIAN Prime Minister Mahathir Mohamad said yesterday he had not made up his mind when to call a general election which must be held by
      AFP,; Reuters,; Bernama  -  457 words
    • MALAYSIA Briefs
      • 75 12 AFX—Asia [KUALA LUMPUR] The Trengganu state government plans to build a second hydroelectric power dam in the Kenyir lake area to generate an additional 250 MW in the next three to four years, Bernama news agency quoted state chief minister Wan Mokhtar Ahmad as saying.
        AFX—Asia  -  75 words
      • 114 12 Reuters [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad and a lawyer for his former deputy Anwar Ibrahim exchanged legal threats yesterday ova* allegations the jailed ex-minister had been poisoned. As a divisive debate over Anwar's health raged, Dr Mahathir mid the government would examine
        Reuters  -  114 words
      • 81 12 AFX-Asia [KUALA LUMPUR] Intria Bhd said MTD Capital Bhd has submitted a copy of the latter's proposal to acquire Mekar Mamari Sdn Bhd's stake in Intria. The proposal also includes a planned restructuring scheme of Intria's debts. MTD's proposal was submitted to
        AFX-Asia  -  81 words
      • 104 12 Bloomberg [KUALA LUMPUR] Malaysia's Petroliam Nasional Berhad (Petronas) said one of its units and Nuovo Pignone of Italy jointly won a US$lOO million (*****.8 million) contract to design and build an LNG compression plant in Brunei. Brunei Shell Petroleum Co Sdn Bhd chose the group
        Bloomberg  -  104 words
  • Page 11 Advertisements
    • 88 11 EATS THE WEEKEND Yummy ideas for eating out this weekend The New Paper Fastads, every Friday. PUBLISHED WITH THE 1 /^"l l M 1 r— i n itnfl' a nß Wake up to the world. It's critical to know about global trends before they make an impact locally. The International
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  • Page 13 Advertisements
    • 212 13 One company offers complete, value-for-money solutions sounds, it's a complex business operation supported to help prevent poor security nibbling away at your profits, by ve ma j° r divisions at CISCO. The tried and tested and gnawing at you. CISCO. expertise of these divisions is available to you not just
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  • SOUTH-EAST asia
    • NOTE Book
      • 59 14 Reuters AFX-Asia, [JAKARTA) The government win make public on Saturday audits by Independent accountancy firm PricewaterhouseCoopers into state oil company PT Pertamina and the state-run National Logistics Board (Bulog), Finance Minister BambangSubianto said. Separately, the Indonesian Bank Restructuring Agency said yesterday it was ordering an Independent
        Reuters; AFX-Asia,  -  59 words
      • 65 14 AFP [MANILA] There is no proof the late dicta tor Ferdinand Marcos hid US$l3.2 billion (5522.l billion) in Swiss banks or huge caches of gold in a warehouse, Philippine President Joseph Estrada's spokesman, Fernando Barican, said yesterday. Citing Swiss government documents, he said bank statements
        AFP  -  65 words
      • 69 14 Bloomberg [JAKARTA] PT Indofood Sukses Makmur approved plans to sell control of Its profitable PT Bogasari Flour Mills unit to raise cash to repay government loans. Indrfbod intends to sell up to 60 per cent of four divisions of Rogasari, which will be set up
        Bloomberg  -  69 words
      • 67 14 Reuters [HANOI] The Vietnam General Rubber Corporation has proposed that the government ben export of raw latex in abidtostop rising thsft of the material from stateowned firms, official media reported yesterday. Saigon Oiai «kwg (Saigon Liberation) daily said the thefts took off in the
        Reuters  -  67 words
      • 88 14 Bloomberg [WASHINGTON] The International Monetary Fund approved a US$BOO millk>n(SsB3o.omillion) credit line for Thailand, then said the ecooomywaB rebounding so test the government would probably live up to its pledge to pass up the money. "Recovery is now underway with growing signs of arebound in
        Bloomberg  -  88 words
    • 704 14  -  MPR's rejection of his accountability speech will kill re-election hopes From\ Shoeb Kagda in Jakarta PRESIDENT BJ Habibie will put his political future on the line on Oct 14 when he delivers his accountability speech in which he is expected to declare that there
      REUTERS  -  704 words
    • 179 14 MANILA AFP, Reuters THE central bank bought US dollars on the open market yesterday to prevent the rapid appreciation of the peso, a currency trader with a foreign bank said. The trader said the unit rose in tandem with the Thai baht to close
      AFP,; Reuters  -  179 words
    • 483 14 JAKARTA Bloomberg A GROUP of Korean creditors have called for an independent audit of PT Bakrie Investindo, a holding company for the interests of Indonesia's Bakrie family, saying its plan to restructure US$6l2 million (Ssl billion) debt isn't fair. The creditors are balking
      Bloomberg  -  483 words
    • 619 14 JAKARTA But analysts say there's longer-term investment value AFX-Asia INDONESIAN equities are generally regarded as too risky at least in the short term for funds whose mandate does not explicitly require them to invest here, analysts said. They said while there are pockets of
      AFX-Asia; Source: Bloomberg  -  619 words
  • Page 14 Advertisements
    • 843 14 Bes GES International Limited (Incorporated in Singapore) ARBN 063 850 448 Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the TWELFTH ANNUAL GENERAL MEETING of the Shareholders of the Company will be held at the Board Room, Level 2, Pinetree Town and Country Club, 30 Stevens Road, Singapore
      843 words

  • EAST asia
    • 855 15  -  Chief exec devotes much of animal policy address to environmental issues Frornt Quak Hiang Whai in Hongkong HONGKONG Chief Executive Tung Chee-hwa yesterday declared that the worst is over for the battered Hongkong economy and urged Hongkongers to adopt a new mindset
      AFP  -  855 words
    • 437 15 HONGKONG Asian bond-backed debt securities get Moody's highest credit rating Bloomberg AXA Investment Managers Hong Kong Ltd, a unit of Par-is-based AXA SA, the world's largest insurer, raised US$6O million (*****.6 million) selling debt securities backed by Asian bonds that received Moody's Investors Service's highest credit
      Bloomberg  -  437 words
    • 529 15 TAIPEI Legislative logjam and strong onion opposition cited Reuters TAIWAN'S multi-billion-dol-lar drive to privatise much of state industry by 2001 has shown signs of stalling with major sell-offs, mired in political and labour disputes, barely moving beyond the drawing board. Last month's earthquake
      Reuters  -  529 words
    • 299 15 HONGKONG Bloomberg DAO Heng Bank Ltd, Hongkong's third-biggest listed bank, said its 1999 net profit fell by a less-than-expected 4.1 per cent, as profits from associated companies rose. The bank said net profit for the 12 months to June dropped to
      Bloomberg  -  299 words
  • Page 15 Advertisements
    • 87 15 by international public tender closing 3.00pm wst sth November 1999 THORNLIE SQUARE SHOPPING CENTRE Perth, Western Australia Modern fully integrated 4.8068 ha of land sub-regional centre Current net income Coles, Farmer Jacks and $2.35 m pa approx. 45 specialty shops Tremendous growth and further 13,073m 2 lettable area approx. development
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    • 432 15 M THE MATTER OF THE COMFANEB ACT, CAP. M AND W THE MATTER OF »l ON MACHKERY MANUFACTURE »«USTISALOOMPA»« (MR EAST) PRWATEIMTED At in extraordinary general meaeng of Tai On Machinery ManUatfrxa Infristoal Company (Far East) Prtvate Umaed Aiy convened and held M 154 Tyrwh* Road Singapore *****7 on Tuesday,
      432 words

  • SOUTH asia
    • 636 16  -  But its tiny minority casts donbts on how stable the new partnership will be From Rajendra Bajpai in New Delhi PRIME Minister Atal Behari Vajpayee's 24-party coalition looked set to form a new Indian government with a slim majority based on initial results
      AFP  -  636 words
    • 527 16 NEW DELHI Two-thirds of country's fuel needs are from imports Bloomberg RISING world oil prices are beginning to take their toll on India, with inflation set to pick up after the government raised diesel prices as much as 34 per cent on
      Bloomberg  -  527 words
    • 129 16 ABU DHABI AFP AN tedtanjMMOtt-hM fled &e United Arab Jaril^Kb^lndai^A^^^teHlo£^trail(tf(Seilte days 100, the Gi4r7bdap quoted market source* as ■mW" r --.-.-"L •"i v V-iv- -jl Ati6Mi tares D&n&s mil nim QKttQri the daily said, estimating total debts at aroand US$5 mfllkM(S|6-5 million). BRShetty,
      AFP  -  129 words
  • Page 16 Advertisements
    • 104 16 WEB BKjK Wfl jyMff»lla^^^^M^^M^^Mgi^^^K?^K2^WE^ffilj^BßsslfiSMiß^Biiii^B»Bl^^BHl^Bi ,r f K^^^j^BKSj|V^v^ 9HI 3Sii» t^HHSDH |BKs£|jßiHH^^i|n n &%p@ <§" R wH For the past few years, you've been enjoying culinary perfection everytime you HKH San k dine at Patora. That's because our if experienced handpicked chefs from i Rra Thailand lovingly prepare each meal using
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    • 83 16 4. PUpF TEST WAVE IN LOGISTICS I JL The Shipping Tunes now features a full page of logistics news on Thursday every fortnight. Current trends, latest developments with specialist writers providing expert analyses and givrng you valitable insights into logistics companies that make a difference with the<r services Make sure
      83 words

  • WORLD news
    • 670 17  -  Y2K may stay the hand of Fed when it next meets on Nov 16 From. Leon Hadar in Washington THE announcement by the Federal Reserve on Tuesday that it was leaving interest rates unchanged but that it was leaning towards higher rates in the future
      670 words
    • 378 17  -  From'. Ravi Kanth in Geneva SMALLER banks and securities firms should not be subjected to excessive disclosure burden when it comes to trading in financial derivatives, international banking supervisors and securities regulators said. Announcing a revised set of guidelines on Tuesday, the Basle Committee
      378 words
    • 299 17 piraopift .v r ft causes all the problems, iMiißthwhlhMcm fromlßgUMtioiu AFT [BLACKPOOL] Former UK prime minieter Margaret Thatcher launched a scathing attack on Tueeday on "mainland Europe" as the source of all the problans of her lifetime. And she toM a gathering of Scottish
      AFT  -  299 words
    • 153 17 LONDON Reuters BRITAIN'S economic recovery is gathering momentum, with manufacturing output and retail sales rising, but the pace of the upturn looks set to push up interest rates. The Office for National Statistics said yesterday manufacturing output jumped 0.4 per cent in August to stand 0.4
      Reuters  -  153 words
    • 433 17  -  Report focuses more on competition policy thin deregulation From, Anthony Rowley in Tokyo THE US government has called for sweeping deregulation of key areas of the Japanese economy, including a "Big Bang" in the telecommunications sector to match the one already under
      433 words
    • 266 17 SINGAPORE Reuters US diversified chemical giant DuPont Co is confident of potential Asian growth and remains committed to its chemicals businesses in the region. "In Asia-Pacific particularly, I am very pleased that our revenue will be over IS per cent increase (this year) over last
      Reuters  -  266 words
    • 644 18 MELBOURNE It plans to sell As3b worth of ops; move seen making unit more attractive to potential buyer Bloomberg BROKEN Hill Proprietary Co said it plans to cut its steel business in half and sell around As 3 billion (553.3 billion) worth of operations to
      Bloomberg  -  644 words
    • 62 18 [NEW YORK] America Online chief executive Steve Case (right) and chi^foperating officer Bob Pittman (centre) posing with Barry Schuler, president of AOL Interactive Services Group, at a press conference on Tuesday to introduce the Internet service provider's AOL 5.0 software Since its preview two weeks ago,
      REUTERS  -  62 words
    • 322 19 LONDON Bloomberg GLAXO Wellcome Pic, struggling to develop products as successful as its ulcer drug Zantac once was, said it will cut its workforce by 6.3 per cent, close some plants and take £520 million in charges against earnings over four years. Glaxo said
      Bloomberg  -  322 words
    • 439 19 NEW YORK Future of venture has been in question since Kay Bloomberg SPRINT Corp's Global One joint venture with France Telecom SA and Deutsche Telekom AG will be bought by one of the three partners within months, Sprint chief executive
      Bloomberg; AFP  -  439 words
    • 470 19 CARMEL, California Bloomberg THE US media, entertainment and communications industries could approach US$l.l trillion (511.9 trillion) in revenue by 2008 as companies exploit new technologies to broaden their product lines and attract advertisers, according to a study by Paul Kagan Associates Inc. Consumer
      Bloomberg  -  470 words
    • GLOBAL Briefs
      • 59 19 Bloomberg [TOKYO] Japan Airlinee Co, Asia's largest airlins, said it will set up three independently managed in-house companies and a wholly owned subsidiary from April 3000 to cut costs by 90 per cent JAL said it will cut costs by rsducing the
        Bloomberg  -  59 words
      • 34 19 Bhoomberg [LONDON] Cable WirriessPlc plans to offer higlMpssd connections and servioes for building internal corporate networks and hosting a Web site to businesses that use the Internet—Bloomberg
        Bhoomberg  -  34 words
      • 66 19 Reuters [SEATTLE] Microsoft Corp and British Telecommunications Pic announced plans yeeterday to roll out wireless Internet services in Europe beginning with a trial involving I,ooomobile phone users. The trial will allow staff of live major companies in Britain and Norway to use their wireless phones to accses
        Reuters  -  66 words
      • 37 19 Reuters [SYDNEY] Media mogul Kerry Packer's Publishing and Broadcasting Ltd said yesterdsy it had exereiaed an option to buy a 50 per cent interest in pay television channel Fox Sports.—Reuters
        Reuters  -  37 words
    • 605 19 NEWPORT BEACH, California Purchase will be second-biggest money-management takeover Bloomberg PIMCO Advisors Holdings LP said it is in talks to be bought by Allianz AG for as much as US$39 per unit in cash, as Europe's second-largest insurer seeks to benefit
      Bloomberg  -  605 words
    • 197 19 U NEW YORK Bloomberg NOMURA Securities International Inc says it has formed a New York-based group to buy North American companies valued at between US$l bUUon and US$3 bUlion. The leveraged buyout unit wUI mirror Nomura's Lon-don-based principal finance group, started
      Bloomberg  -  197 words
    • 417 19 SYDNEY Music, entertainment sites could spend As2om in first year Bloomberg TEN Network Holdings Ltd, a commercial television broadcaster, and cinema and entertainment company Village Roadshow Ltd have joined forces to develop music and entertainment-based Web sites in a venture that could spend
      Bloomberg  -  417 words
  • Page 17 Advertisements
    • 36 17 We deliver at Gul Circle Districentre Automated Storage Retrieval System General Warehouse Stores Chemical Store Ramp Storage Space fefc—. Ip For enquiry or site visit to Gul Circle Districentre, call us at: 264 8728 CEESi Logistics
      36 words

  • Page 18 Advertisements
    • 2127 18 NOTICES T° advertise call toll-free 1800-741 1883 Fax No: 741 1298 TSf Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that tKe Annual General Meeting of the Company will be held at 51 Peniuaj Road #04-00. Freight Links Express Logisticentre, Singapore *****3 on Thursday, 28 October 1V99 at 9.30
      2,127 words
    • 748 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 98 AND IN THE MATTES OF NEWALL ELECTRONICS (S) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the above turned Company held at 63 Chulia Street #31-01 OCBC Centre, Singapore *****3 on the 2 l"day of September 1999
      748 words
    • 334 18 IN THE MATTER OP THE COMPANIES ACT, CAP. N AND IN THE MATTER OP STARTS. ENTERTAMMENT INTERNATIONAL PTE LTD (f Mirtiif KilnHnf At in Extraordtoary General Mixing of tta members of ST ARTEL ENTERTAINMENT INTERNATIONAL PTE LTD. duly convened end held on 4 October 1999 at 10.00 am at Roome
      334 words

  • Page 19 Advertisements
    • 27 19 Classified First. MBk Want more accessories for your car? Or a new set of wheels? The key to it: Check The Straits Times Classified First. i ■ayt.Mk.FMIL
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    • 63 19 4 0 U i t Dale S< >» lober .')?> (\V i linn 2.00/nn ~*.ooj>m I I lie iim Id slu st-selling financial software jar small i' niedintn businesses nan conies enabled Jar innlti>y/ user functionaliti/. \ml n ith cnhancctl loi idisation for \siti. it's ecen faster anil easier t>>
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    • 41 19 hoiv it can Ik If) tfou casilij manage finances in rations indnstlies, lake advantage a attractive offers for both netv users and nf)<*radcrs. I t en ivalk aivaij n ith the (Juickbooks Vro Mnlti-l ser version in our lucki J drau
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  • FINANCE & commodities
    • 219 20  -  M|M ELReports IBtwgppnro TWAit Daphne Tay, Jardine Fleming THE Singapore stock market closed sharply higher yesterday foHowing the US Federal Reserve policymakers' decision to leave interest rates unchanged. The Straits Times Index closed up 35.99 points or 1.74 per cent at 2,100.71. The MSCI
      219 words
    • 150 20  -  MSCI Taiwan fMnrw Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index September and October contracts fell 3.0 and 2.90 points respectively yesterday as market sentiment dampened on concern that economic growth will be hurt by last month's earthquake. The Taiwan Weighted Price Index plunged
      150 words
    • 274 20 ENEMY REPORT Bloomberg [NEW YORK] Crude oil was little changed yesterday as a decline in US inventories reported by the government offset an industry estimate that supplies rose. The US Energy Department yesterday said crude oil supplies fell by 400,000 barrels
      Bloomberg  -  274 words
    • 315 20 AFP, Reuters Trff*« THE euro rose to two-month highs against the US dollar in Europe yesterday but failed to hang onto those gains ahead of the European Central Bank's policy-setting meeting today. At the same time, the US currency rallied to its highest against the yen since Sept
      AFP,; Reuters  -  315 words
    • Article, Illustration
      733 20 BTBMillOIOamW a O —I Bm f* i$ MliOMO Y« wm m mm* Pm M OM Mr H mil y MM 1*70 Mil 4040 1205 5.06 2MOO SUM 0.710 7.957 150 1267 ***** 26J99 1109 3JM till BiiaW UN MS CM* 1031 5497 1639 4J65 1242 SIM 29.700 52.92t 0.732 1201
      733 words
    • 391 20 8I00M S5 88 SiSS 55 I M4 tU* ttJW »UK aus BUM PORLA Oct 5 WWi <m* mm mm. mm mm mm tlffHT ffffy SfSt" 'Z&rtmmSLr* mJ ,,,lil, £5 ssa Oct 6 rwf wm ±s M\m zsiMtaim amattm MIH anwflflwiwwP 0 m ly* mSS£/& *****88 ML Minor amgM SMS 243J0/24S.*****J0/2*50
      391 words

  • STOCKS east asia
    • 2771 21 HONGKONG AFP. Reuters Hang Seng +1109 HONGKONG share prices ended barely higher yesterday as late profit-taking rolled back early gains amid disappointment over Chief Executive Tung Chee-hwa's policy speech. "Investors took profits after seeing no signs of measures to boost Hongkong's economic
      AFP.; Reuters  -  2,771 words
    • 330 21 AFP OWPhfai -8638 TAIWAN share prices closed 0.7 per cent lower yesterday on continued profit-taking in construction material counters following recent gains, dealers said. The Taiwan Stock Exchange Weighted Price Index slid 55.38 points to 7,501.63 on turnover of NT569.2 billion. "Profit-taking persisted in construction material shares over concerns
      AFP  -  330 words
    • 1891 21 TOKYO AFP H Nikkei 22S *11X27 SHARE prices in Tokyo closed 0.6 per cent higher yesterday, buoyed by talk of a bigger-than-expected government stimulus package, brokers said. The key Nikkei Average of 225 selected issues rose 112.27 points to end at 17,896.42. The Topix
      AFP  -  1,891 words
  • Page 21 Advertisements
    • 83 21 The stock markets in China were closed for a public holiday yesterday and will reopen tomorrow There is no smoke without fire. With so many lucrative business opportunities and services sizzling in The Straits Times Classified daily, it's no wonder our readers are always hungry for more. Advertise in the
      83 words

  • STOCKS klse
    • 8032 22 Cmsmwt pnMi 1999 Last Vai Day Nat Cap HlgA Law Csmpany »«H 'OOP High Law PH. $mil 440 2S9 AJInomoto 326 20.7 132.1 174 46 Angkasa 96 unch 59 100 96 M43 404 220 ApoHo Food Htg 324 1U 129.6 294 ns 6or|ayaLand 163 1 316 190 160 6 8
      8,032 words
    • 366 22 AFP yiCtopoatelßto +3J6 MALAYSIAN shares closed 0.6 per cent higher yesterday led by financial stocks but profit-taking erased earlier gains, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 3.96 points to finish at 714.19. The Second Board Index was up 0.08 point at 157.26.
      AFP  -  366 words
  • Page 22 Advertisements

  • SES clob & regional stocks
    • 3025 23 BONDS* WARRANTS o*t m Mi t*r IHM Last M h| lalMi ><| MCw Urn Caakl MM mm L«i Mm -I Mi *m- r—i m* u» (mmmt 104 3 T—" ■to.mmmniK$ 38.5 0.5 40 38.5 37 38 38.5 33.1 1 156 161 1.94 21 80 5.5 S 3164 Acma ******4. 33
      3,025 words
    • Article, Illustration
      792 23 AFP □set latex -MS THAI share prices closed one per cent lower yesterday in thin trade, with foreign and institutional investors largely inactive, dealers said. The Stock Exchange of Thailand (SET) Index shed 3.85 points to close at 395.09, off a low of 394.95 and a high of 403.73.
      AFP  -  792 words
    • 280 23 AFP □Manila -7.23 PHILIPPINE shares closed 0.3 per cent lower yesterday on selling by foreign investors, analysts said. The Philippine Stock Exchange Composite Index fell 7.23 points to 2,057.53. Volume rose to 5.2 billion shares worth 4.6 billion pesos from 3.7 billion shares worth 15.3 billion pesos on Tuesday.
      AFP  -  280 words
    • Article, Illustration
      670 23 AFP FlOompoateliiei *2150 INDONESIAN shares surged 4 per cent yesterday in heavy trade amid positive political developments, dealers said. An analyst with Harita Kencana said the market reacted positively to the selection of ruling Golkar party chairman Akbar Tanjung as Speaker of the Lower House. "Tanjung's appointment shows that
      AFP  -  670 words
    • 282 23 AFP □Wellington -Ml NEW Zealand share prices eased slightly yesterday on the back of Telecom's fall to a year's low, dealers said. The Fed's decision to leave rates unchanged was no surprise. The NZSE-40 Capital Index dropped 6.69 points to 2,029.47, on turnover of NZ$74.B million. —AFP Oct >
      AFP  -  282 words
    • 552 23 AFP QADOrtoirieß -2014 AUSTRALIAN share prices fell 0.7 per cent yesterday gaining little direction from a volatile Wall Street amid worries over interest rates. The key All Ordinaries Index ended 20.4 points lower at 2,896.8. The All Industrials Index dropped 34.4 points at 4,949.2, while the All Resources Index
      AFP  -  552 words
    • 282 23 AFP |TflOimposte Index+43.7l THE Korea Stock Exchange closed yesterday 43.76 points higher at 835.31. Volume was 275.0 million shares worth 3.4 trillion won. —AFP Oct* Anam Sami —***** 2300 BraMTadi 1700 50 Cantral Bank -2720 '20 ClwM Comm ***** -500 Om Co Bar* 4110 210 DaatangCorp 4»70 60 Oaawoo
      AFP  -  282 words
  • Page 23 Advertisements


  • EXEC lifestyle
    • 553 25 Animals in Africa are poshed closer to extinction as demand for their meat surges [YAOUNDE, Cameroon] Restaurant owners flock to Cameroon's Elig-Edzoa market daily in search of something different. As little as five years ago, its stock in trade, like markets across Africa, was fruit
      FILE PHOTO  -  553 words
  • Page 25 Advertisements
    • 231 25 Where to wine, dine and entertain..."*^asa- Treat yourself to a wide range of Japanese cuisine. Enjoy lempura, Sushi Rolls, Sashimi, Soft Shelled Crabs and many more plus tantalising desserts. Buffet Lunch 8C Dinner: £23.50 (Adult), 50% discount (Child) (Lmtch daily except Saturday "Tunck "from 12 noon to 4.)opm Dinner nightly)
      231 words
    • 32 25 pHBQEaSIjIH HOTEL QRAND CENTRAL UMITB) II 22 Orchard RoaeMCwnegh Road, Mnqapow *****7 II Tel: 737 W44 Ext 40QA12 Fax 733 3175 Western,, Spanish jnAoyu&tan Cantonese American Teochew Japanese* 9 ar,an Mongolian cytaitans
      32 words
    • 60 25 IJffijL ViM »Vfc CITY THAI SHARKSfIN RESTAURANT Braised Superior Shark's fin w/Cnbmeat^HK^r Braised Superior Shade's fin wrfCrabmest (1 Otypot per person) Braised Whole Abatone WSupreme Mushroom KanLan Sambal Pomfret Prepared in Thai Style Crapy Fned Golden Beancurd Baked King Prawn vWVerrmcelli in Claypot Thai Style Pineapple Rice Dessert A Choice
      60 words
    • 58 25 [Auk \1 Mil 1 §ppeial kineh M™ t $430 rst ppr itp V. with njS&CtlOtOe of one fj&Khett'frizd Kwoy Tcoty) ,:Mkl_shroonj and Chicken Nobble (Soup/Dry) I 7 \V IJ y 7 Z Ipph-^tajun^—// fr\z<i Maehroni I •price include end M I relevant 6cwmmerH Tw M/ Lforlte*ervation»{ call u»"ol 430 4119*
      58 words
    • 39 25 pm court 4 BBi FejRBSTALiANT 12 Octoba 1999 Reservations: I KTMAAVT 133 Orchard Road. Singapore *****7 Fax: You w ill find it all here at Wine, Pine and Entertain. I t M1..M11.u ..Mll.u ■I' "IJ \i'i■. Si K v
      39 words
  • Page 25 Miscellaneous
    • 1101 25 CRYPTIC CROSSWORD 1 It once was simple to account enduring (7) !Z!JKZZBbZZJBZ^^hZZIBLZIBLZJI(ZZ about a religious treatise (7) I 11 Like some remote regions and HH HHHHH jHjjl |H 12 Daggers found in robe lining 13 j I 114I 14 P® T J 13 Finish with one's in the 19 Los
      1,101 words

  • BY DESIGN
    • 991 26  -  The retro look is in for furniture as jaxme ee spots no radical trends for the new millennium JAIME EE WHILE much of society goes forward into the new millennium with visions of high-tech telecommunication and e-commerce dancing in their heads, the opposite can perhaps
      991 words
  • Page 26 Advertisements
    • 443 26 Collective Sole by Tender FREEHOLD SITE f™ I AT DISTRICT 11 propwt Double frontage to Mandalay n 4 Bhamo Road /X-f Land Area: 4,047.5 sqm (43,567 sft) AL \Wf H p 2/\ Ptot Ratio: Up to 2.8 Height Restriction: Up to 30 storey X/ /*y Tan Todi Stfg About6som to
      443 words
    • 143 26 Prime District 9, two adjoining plots 4 .r«r— Plot A 95 Sophia Road. Mount Sophia Apartments (Collective sale 100% agre^n-en, 7/ Plot B -99 101 Sophia Road (vacant land) Located just within the restricted zone of the CBD lets very convenient near amenities jxa- w Walking distance to Dhoby Ghaut
      143 words
    • 82 26 PRIME INDUSTRIAL BUILDING FOR SALE BY TENDER •Address 138 Joo Seng Road Singapore *****1 Description A 7-storey flatted factory with ancillary warehouse, showroom and basement carpark Tenure HOB Leasehold 30 30 years wef 1 September 1991 Land Area Approx. 4,479.10 sqm (48,213 sq ft) Total Built-up Area Approx. 10,906.03 sqm
      82 words

  • Article, Illustration
    3109 27 Property transactions for selected districts lodged between Sept 6 and Oct 4, 1999. PROJECT NAME/ PROP CONTRACT TENURE NLT-W PNCE PSF PROJECT NAME/ PROP CONTRACT TB#JRE WLT-W/ PWCE PSf STREETNAME TYPE DATE LANOAflEA* STREETNAME TYPE DATE (SOFT) (STOOD) (SS) POFI) (ST000) (S$) District 09 Cuscaden Residence Apt 30/07/1999 FH
    3,109 words
  • Page 27 Advertisements
    • 92 27 Pay FIXED INTEREST RATE from date [wtnirßi release NOT date of letter of offer ImLiiJy E3 For housing loans without hidden conditions, call us —we have been financing homes since 1930 S O S We provide loans and financial assistance for your Corporate and Personal Financing. M Car Loan Home
      92 words

  • SHOWCASE
    • 966 28  -  tam su yen finds a restful sanctuary in Holland Green with its soothing outdoor spa, koi ponds and serene inner spaces in bedrooms TAN SU YEN WHEN DBS Land was planning Holland Green, its 53-unit bungalow development off Holland Road, the team
      966 words
    • 259 28 New homes for sale VIMPVMnPSHB DEVELOPER DISTRICT LOCATION SIZE TOTAL UNITS NO OF PRICE TENURE («qD launched UNfTS SOLD* «$psf) Craig Place Guthrie 1 Craig Rd 560-730 16 na 975 99-yr Faber Crest _CDL 5 Faber Heights 1,012-2,099 240 100* 590 99-yr Rlvr Place FEO 3 HaveiocWCtemenceau Ave 678-3,229 509
      259 words

  • COVER STORY
    • 1272 29  -  New homeowners should consider their options carefully and look for contractors with good track records, maiussa chew finds out MARISSA CHEW SO now that you have your flat in that perfect location, the only thing left for you to do is jump into the renovations. Right?
      ARTHUR LEE; FILE PHOTO  -  1,272 words
    • 412 29 BANK9FMANCE COMPANES YEAR 1 YEAR2 YEAR 3 YEAR4 YEAR 5 YEARH# YEAR 11-35 Citibank* (max of 30 yrs) 4.0000 4.7500 5.5000 5.5000 5.5000 5.5000 5.5000 DBS 4.0000 5.0000 5.0000 5.0000 5.0000 5.7500 5.7500 Hong Leong Rnancet (max of 30 yrs) 4.0000 4.8750 5.3750 6.1250 6.1250 6.1250 6.1250 Singapore Financeft (max
      412 words
  • Page 29 Advertisements
    • 62 29 For Sale By Tondor Corporate Residential Services 11 Queen Astrid Park (31.806 sf) An address of peerless distinction pp jjympi Colonial era bungalow surrounded BL by lush greenery Facilities include swimming pool tennis rectangular 999 years lease wef 1/9/1876 Tender H 22 Oct 1999 Friday at 4pm For further information,
      62 words
    • 105 29 SITE AREA 7,421 SQ.FT. DGP PLOT RATIO 3.5 •FREEHOLD DEVELOPMENT CHARGES PAID ZONE FOR LOCAL SHOPPING APPROVED FOR 5 STOREY AND 2 STOREY BASEMENT CARPARK MINS FROM FUTURE N.E. MRT TENDER CLOSING ON 28 OCT 1999 For Sals By Tondor investment sai«* 23 Amber Road Prime Freehold Residential Site Land
      105 words
    • 103 29 11 I! 11 si |n j H| d7LaßßT'Wssas^ 88 Block 9, Tanjong Rhu Road MHBHffW chancery hill road Exclusive accommodation in lush tropical surroundings Prime, exclusive residential area, serene surroundings Breathtaking seaview Minutes away from CBD close to Novena MRT station Minutes away from CBD and close to Changi Airport
      103 words

  • EXECUTIVE Suite
    • 1403 30  -  For a fee, interior designers can save you the stress of dealing with difficult contractors, oobxmmb wmrif takes you through the process CORINNE KERK THERE'S something about the words "interior designer" or ID, that sometimes frightens home-owners away. For one, they sound expensive. Secondly, people aren't
      COURTESY OP TEMA COLLECIONES; SIEW YAW HOONG; COURTESY OP JANE YEO DESIGN CONSULTANTS  -  1,403 words

  • MOTORING page
    • 995 31  -  Whv would car-makers fork out an obscene amount of cash to build a car that looks like a cigar on wheels? oh kmtophhr taw has some answers CHRISTOPHER TAN CAR-MAKERS are drawn to the glow of Formula One like the proverbial moth, but the pull
      995 words
    • 490 32  -  exclusive Suspension problem, but C&C says trouble limited to isolated cases, Christopher tait reports CHRISTOPHER TAN Mercedes Benz's new S-class limousine, introduced barely a year ago, has developed a suspension problem that's affected an unknown number of cars. The problem has caused the
      FILE PHOTO  -  490 words
    • 309 32 MERCEDES-BENZ distributor Cycle Carriage has embarked on an aggressive finance scheme for the A-class that translates into $7,000 in savings for buyers. Ostensibly, the measure is to address the so-called Baby Benz's lacklustre sales performance. Since its launch last year, only
      FILE PHOTO  -  309 words
    • 247 32  -  ENV consulting LTA; different deadlines for various categories seen By* Christopher Tan THE Ministry of Environment (ENV), which proposed a March 2000 deadline for a new emission standard for vehicles early this year, is now seeking the views of the Land Transport Authority. "ENV is
      247 words
    • BUMPER to BUMPER
  • Page 31 Advertisements
    • 109 31 B!kßjTniK itiMiiT*^Mf*^^l^Br^T*T7^m |r "S jjl jr I ImF i ■BBSBBIi y° u ove endless highways, the wind in your hair, and the company of good frffCf/lAf aptaWavsl P US n W w^en yOU co ect fusion stickers, you can friends (who haven't a clue where they're going), you'll love Formula
      109 words

  • Page 32 Advertisements
    • 66 32 Any petrol can power your car, but Formula Shell XO does more. Its revolutionary formulation cleans your engine as you drive, giving you a silky, smooth ride. Powerful Vaporon™ energy KhMM boosters unleash extra energy the instant you step on your accelerator. It's the most advanced petrol KB of jtj
      66 words

  • SHIPPING TIMES
    • 297 33 Bridge News, Reuters CAPERS rates made fresh gains on Tuesday especially in the Atlantic sector, brokers said. The Baltic Freight Index (BFI) rose four points to 1,267, the Baltic Panamax Index gained three points to 1,232, the Baltic Capesize Index jumped 21 points to 1,469 and the Baltic
      Bridge News,; Reuters  -  297 words
    • 255 33 SomnKBIUDOt Ml n V- M CWTDMrtbution L23 034 Oman Hap IM 0.06 4317 Coaco tovastmant LM 003 2S FrataM links 0-32 uneti TO* MHaMnfi 03S 001 94 Hal Sun Hup 0J6 002 392 MClWIdtogj HK—5.50 ia«Cfl 0 .MijUlaMUl 0.93 002 SO 7.90 as tas Kmmcif s.oo oio mu
      255 words
    • 492 33  -  Bolero aims to make traditional shipping paper documents a thing of the past By Marcus Hand [SINGAPORE] Bolero, a global e-commerce system targeted at the shipping industry, was fully launched last week with the aim of making traditional shipping paper documents a thing of
      492 words
    • 135 33 Reuters [MANILA] An investigation was underway yesterday into the cause of an explosion aboard a Liberian-registered LPG (liquefied petroleum gas) tanker which killed five people in a Philippine shipyard facility. An official at the Subic Shipyard said work at the facility was proceeding normally despite the
      Reuters  -  135 words
    • 675 33  -  MEWBU1LDS By- David Hughes THERE has been continued activity in the newbuilding market with owners continuing to take advantage of still relatively low prices. London-based shipbroker EA Gibson commented recently on the unseasonal boom in ordering: "We have just seen a remarkable summer period
      675 words
    • 339 33  -  By Ann Toh (SINGAPORE] Princess Cruises, the cruising arm of P&O, is taking a wait-and-see stance on basing a ship yearround in Asia-Pacific waters. John Anderson, manager of international sales and marketing at the Los Angelesbased cruise company, told Shipping Times that
      339 words
    • FOCUS boeing co
      • 614 34 New programme to lease jets and provide maintenance services takes off with DHL contract for 44 planes Reuters [SEATTLE] BOEING Company's new programme to lease commercial jets to airlines and provide maintenance services will ultimately bring in revenues rivalling those on commercial jet sales, said
        Reuters; FILE PHOTO  -  614 words
    • 195 34 PACE tyak Lloyd 8 Ad. 6 OonQnama 3 AML 3 ECULine 6 tt Accord a ECL 4 Append 5 6 Austral 8 Fo# Su 8 Bala)i Shpg 5 4 Gemartrans 6 BSA 7 Hangli 7 8'taivq Mas 8 Hanjin 3 CCHI 7 Heung-A 4 CMA 8 Hyundai
      195 words
    • 17088 41 thebusinesstimes EXPORT ETA ETA Advertiser Vessel V oyaqe Telephone ETA ETA Atfv»rtii»r Vessel Voyage Telephone SIN Dest'n Nam* Nam* Number Number SIN Dest'n Nam* name Number Number nno anl apl emerald hs u-imns To ABIDJAN (ABJ) 2003 Cote D'lvoire 20/® 31/10 Evergreen itha bhum m is-nzim 8/10 19/71
      17,088 words
    • SHIPS IN PORT
      • 648 45 VtsMl Voy No Btrtti Arrival Ptptrturt Ncmj 9910 hl M *!n 06-10*40 07-0940 Bt M 4269 U99 JO) 06-10*20 06K>-15:00 Sn S*u I *****9 J02 0607:20 06 023:00 Bt UulM Mur H099 J01 06-*H:50 C kciu 06-0ct J09 06 )0-8:30 06-0000 «u4l4 Siak 4 9904J J03 04-10-8:50 06-10-16.00
        648 words
      • 1894 45 RECEIVING Of DffOUT FCl CONTAINERS AMP LCi CARGO Btttthtim/Pilmci Rstls Ship Voy Wo Etb/Btr HrM Frow To froM ACXMACMOIIA MM 4/70 ST j»™0 M£W WW a ovttoo oiwn 04/000 3 04/070 turn 04/140 4 04/120 04/MM 04/IT00 11K Iam i oyow «M9* ovwoo n l0IUS a 0VT700 04/0459
        1,894 words
      • 190 45 Oat 10 Taiwan: Double Tenth National Day. Oot 11 Canada: Thanksgiving Day. Japan: Sports Day Holiday. United States: Columbus Day. Oetia Mexico: Columbus Day (optional). Spain: National Day. Oot 18 Hong Kong: Chung Yeung Festival. Oot 23 Thailand: Chulalongkorn Day. Oot X Ireland-Republic OF: October Holiday. New Zealand:
        190 words
      • 722 45 THIS report, complied by Cockett Marine Oil Ltd. shows price ranges in US dollars Instead oT single prices for a more comprehensive description of the market Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the Individual
        722 words
      • 386 45 MO Hn 9904 U H.7 0.00 74 005 Benvti Willi BmMm ut aImMmi Stind No*owE2S 0 1 0 0 0 0 Sf30 PtWtT —W WW' Art nl Ll 300 Am 907J 0.4 02 0.0* 31 002 **JJ 300 Mm 99U 0J tt.7 0.11 70 0.06 M/iri
        386 words
    • AIR & LAND transport
      • 535 46 1,368 carriers risk losing their licences for failing to respond to govt survey on T2K readiness Reuters [WASHINGTON] The US Special Senate Y2K Committee moved to ground domestic air carriers that ignore a government survey about their Year 2000
        Reuters  -  535 words
      • 488 46 Reuters [PARIS] French truckers set up roadblocks around the country on Tuesday as they led an international day of protest against long working hours in the haulage industry. The International Transport Workers' Federation orchestrated the annual day of action under the slogan
        Reuters; AFP  -  488 words
      • 236 46 Reuters [Los Angeles] General Motors Corp, the No 1 carmaker, said it will notify a California court of its intent to appeal a US$l.O9 billion (551.85 billion) verdict awarded to six people badly burned by a 1993 gas-tank fire. The company filed the notice yesterday,
        Reuters  -  236 words
      • 347 46 Airline's Sept pa BflftngfT load factor down Reuters [LONDON] British Airways pic warned on Tuesday that it was likely to face more turbulence in the airline market this winter as industry capacity continues to grow, keeping pressure on its yields. Announcing a drop in passenger
        Reuters  -  347 words
      • 363 46  -  By( Christopher Tan [SINGAPORE] Asia's motor industry seems to be on the road to recovery. Sales are rising in several key markets, production lines are moving once again, and several analysts predict the market will be back to pre-crisis levels shortly. But is that
        363 words
      • 1534 46 CIIY FLIGHT ETA FU6MT CTD SO325 MSO W4579 23S0 *MMM itm» MB LN77I BOS S***** 2350 oSS >055 ****** 1605 11*373 2355 AN8229 2230 S***** 1605 S026 2355 LH6380 2230 WJH 88 SO 221 2230 *8 AatterMa KL837 1455 6*972 0010 ?S*| SWW S0WC 0105 HUM
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  • Page 33 Advertisements
    • 194 33 Y2K compliance cant fly: warns domestic carriers I Back page wr.-. ■BiWfißTil SPECIAL FEATURE OCTOBER 19, 1999 LOAD lIP WITH VALUABLE SALES LEADS The shipping industry is steaming full speed ahead into the new millennium. Container volume and port calls are up and still increasing steadily. Against this exciting backdrop,
      194 words

  • Page 34 Advertisements
    • 189 34 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK Real-Time Shipping Information Y (global home page) www.nykline.com (for USA rates) www.na.nykline.com sriiprr,ant: SENLIM AGENCIES PTE. LTD. 133, Nwwßridß* Road, *08-08, CNr«lownPoM a S'pors
      189 words
    • 705 34 Lines services represented by Members of the Registry of WSfiW/ Accredited Shipping Agents. S'pore National Shipping Assoc. Members ot the Singapore Freight Forwarders Association m ULY UNE MALE IVKSiI VOY ETA rs EU P.KLAMG SPOti mil Empress Lily V 0599 07/10 08/10 17/10 Princess Lily V 0999 22/10 23/10 03/11
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  • Page 35 Advertisements
    • 1043 35 I SAX SERVICE (DIRECT) 1 rasa vor swra uxowmihouw coi mm ai wrc mwouoßi mm. ot/»o 21/10 26/10 26/10 20/10 26/10 20/10 26/10 27/11 27/10 msmomx 01 si 13/10 28/10 02/11 02/11 02/11 02/11 02/11 02/11 n/11 03/11 miOMBMUi 0291 20/10 04/11 09/11 09/11 09/11 09/11 W/11 09/11 10/11 10/11
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    • 2147 35 ®HANJIN SHIPPING flkFl -Mb *****30 NAHM SWrmG CS) fTI lIP n» am MOCK ********** SOUS *****74 731 DOCUMHIT *****71 774 OWttnOMS *****50 751 mil UMt fU TTTtHfI aHO 11 534f*****M TO NW USA A CANADA "USA CANADA* ™«wvsr mm w mbbm/vot ju m nn oo mr m off in nt
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  • Page 36 Advertisements
    • 1526 36 DSR-SENATOR UNES TO UK/CONTINENT TOMEDITERHANEANCANADA VESSa W)T "ST" LfH HTM OMR MM MV FU VESSEL VOT SMI 6IT tff FOS VIC MTW POTSDAM Mm M.II ail M.19 2111 29.19 39.19 J4MN SENATOR 9931W 97 19 Ml 9 29 19 29 19 Ml 9 9911 HAUNVnUMNGTON 0009W 12 19 29 19
      1,526 words
    • 911 36 AO MAC-NELS S'PfIRE M'SIA I Carrier: MN CONTR LINES, INC p. gudang: (qt) *****26 I -I\-/ J QW«BQi **********08 SIBU: (084) *****9 MAMLA: (832) *****24 w PENANG: (04)*****36 BANGKOK: (682) *****67 BURABAYA (31) *****11 P. KELANG: (03) *****77 JKT: (21)*****46 KUCHMG (082) *****1-3 DIRECT COMSOL TPsVALPARAISO MANZANILLO VERA CRUZ PUERTO
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    • 588 36 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO VMM< S PORE N SHEVA COLOMBO P.KLAMG TULSIDAS V.115 12 OCT 21 OCT 25 OCT 30 OCT TAAPON SILVER V 105W 11 OCT 2f OCT 12 NOV 17 NOV CAPE CANAVERAL V. 113W 25 OCT 12 MOV H NOV 14 NOV TULSIDAS V.IU 31 OCT
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  • Page 37 Advertisements
    • 1634 37 v 6886 VOV KHH HKG SIM PKG PQB PXB PMM IBA BM IRANTAKHTI PCL-5122 29/09 01/10 06/10 06/10 15/10 16/10 17/10 19/10 21/10 WAN TABATABAEI PCL-5123 06/10 08/10 12/10 13/10 22/10 23/10 24/10 26/10 28/10 IRAN SATTARI PCL-5124 13/10 15/10 19/10 20/10 29/10 30/10 31/10 02/11 04/11 BAAKERI PCL-5125 20/10
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    • 1091 37 Waddy Dir«<t C«Ui to Kafc* (A laya)l Itofoya (7 Bay*) My* »«ys) 1 SINGAPORE'S GtWtKAL AOCHTS: <0 IOMKON *0 TH: 2J4 1900 f**:*****0» OUTWARD (IA) JOHOtf OfRCE; I COn««IIPHH6 PTI ETD «imo saus/mos mstsr/u nmnomn/i) *mm COST Alt AGENCIES (M) SMI BHD «HjVENTjONAL_^_4iosiso/ss_ I/SHPWPgT *****25 TIL 07-07-35 ***** FAX: 02-07-35M170
      1,091 words
    • 1068 37 EXPOUT IMPORT I Igrn^.gnC hju§»on nn ~j/%* Ijfljg Itßwiijjj; I lau Igg a% p%^ rySmw {♦Tiwift/?i M/n o>» I oyfio ISfti IWtl IliVu 1 MVil I Kanw ukocsto t not i) uh Mtasnuvn. mncam. aiiibi—t, wmitirnmm vu in TRANSPACIFIC SERVICE EXPORT IMPORT VB» I WT SM IGO Ml pwr 1~~05
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  • Page 38 Advertisements
    • 1397 38 EUROPtAJK/SCAWDIWAVtA/FtWIAWD/RUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANN HBG Pitt SGP E. GOLDEN RW-068 11/10 31/11 95/11 12/11 04/11 E. REFINE RE-022 16*9 1«/«» 17» IM9 21*9 IJflO IVII E DIAMOND RW 010 17/11 94/11 11/11 M/ 11 08/11 o>/11 11/11 E. REACH RE «25 23f19
      1,397 words
    • 963 38 ADVANCE CONTAINER LINES (PTE) LTD t\ I .1 TEL: *****21. FAX *****19. TELEX :RS ***** ACIPL W FOft BOOKINGS MEASE CALL: *****22 SALES 4k MARKETING *****21-28 OPERATIONS: *****60/ *****06 C* NO. *****M0000E ■AHCKOK-yiiHw*—> JAKAKTA-ffi— a^imj ywcn WY gN MOC VESSEL VOY HN JKT YANTKA BHUM (TftT) 31 IN 7/10 IH,
      963 words
    • 411 38 56 THXK BLANGAH ROM) NK42 CmPORT CENTRE STORE 6N621 TEL *****11 (6 lines) FAX: *****05 TLX: RS ***** CB WO. 20P*****000W VESSEL VOT. Ett ETD 1— UMMU 1266 UMM IVIMI WNIWM6 ■MiumAssM unvm ttntm mtmmr-im. mum wmm mm nmm mnm wmjnmmmmiuummmnm For ißfitrin and bookings plitti coitict> SEASPACE SHIPPING (8)
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  • Page 39 Advertisements
    • 462 39 mm. MYANMA iBBBk FIVE STAR UNE (Myoanor National Line) w Loading for Yaogoo (Raogooo) vßsa voy sin pkl pw pgu HUG TUNG 4W SU> SAGAMG 62W SLD MALAYSIA AGENTS: ROUSTEAD SHIPPING AGENCIES KIR: TH (03)*****00 PKL TEL (03) *****01 PCM: Ttt (04)*****02 PGU: TH (07)*****21/4 t«| BANK LINE (A servit*
      462 words
    • 1179 39 HMNEHYUNDAI MERCHANT MARINE CO., LTD. yma VOT I SW I SOU I l» RTM I ANT I HAM I RTV I FO IVBSH VOY|SOU|W|KIM|AMTIHAM|WVI FE I SW HYAHMAL 322W 07/10 25/10 30/10 27/10 29/10 HYRARON 3211 13/01 19/09 15/91 14/01 97/19 NOICORAL 019W 09/10 29/10 30/10 24/10 26/10 HY EMPEROR
      1,179 words
    • 966 39 WALLENIUS WiLHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUfT SERVICE' VESSEL Ivor I RAMP HEIGHT *IN I LAX I CRL I MIA I SAV ML ORE I NYC NEW MM TAMPA AHO7~ 400 Tww T3M ***** 09/11 11/11 21/11 23/11 25/11 267TT 21/11 02/12 M/ 12 TAIAIOT AHOS 4001
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  • Page 40 Advertisements
    • 749 40 ■AHQKOK/ MAPTA PHUT/LAKM CHABAMOj JAKARTA/PAN4ANO vessel voy sin bkk mtp lch vessel voy sin jkt PJN YAHTRA BHUM** 311N In Pt 10/10 BANIBHUM ***** 08/10 10/10 KOTA HARTA HTAO69 In Pt 10/10 BUNGA MAS TKSA *****7 09/10 13/10 MATHU BHUM 435N 09/10 13/10 12/10 SHAHE* 006 10/10 13/10 XETHA BHUM"
      749 words
    • 358 40 INDONESIA NATIONAL LINE TO AUSTRALIA 1 wjll cowpuwi wmmim va haflMß M JL.JtJB_JB.JiLJa.aL mmm |m| wn u/m */io »/io w/io m—m lifcl w/ii »/m ji/m B/11 b/ii womobbwi aI w/ii ii/ii w/n i*/ii 10/11 »«oi Ixs I I*l4 Ml/111 |«y/ll|w/ll| |n/"l-~ FEEDER SERVICE TO INDONESIA va VOT simcs swim irniew
      358 words
    • 726 40 gg^|ggg|HH [VESSELS VOY SIN I PKL I Jgp I MLA LEH RTM HAM ZEE SOT V-LEiyOmON V33IX 12/10 -ago 22/10 27/10 01/11 03/11 04/11 oyil 07/11 VXLE OE MBWOGA V3OH 18/10 19/10 02/11 08M1 08/11 11/11 12/11 14/11 VW-LEDE TANYA T34W 28/10 29/10 06/11 11/11 17/11 Wll 20/11 21/11 2^ll
      726 words

  • Page 41 Advertisements
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      57 words


  • Page 43 Advertisements
    • 54 43 VmTAI Dial 740-6000 OHuG FTI3 RQ (Retrieve more schedules!) d& Press "I" -JE\ Select the port and key in SIHC4 the four digit code eg: To New York (NYC) 2275 s j£> Key in your fax number your phone number Another innovative service offered by The document will be Shipping
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  • Page 45 Advertisements
    • 71 45 CXm ■mm f Br HE ■pp^* i* Tr f v pping Times n>>/; features a full page I f 'fjist ■> news on Thursday every fortnight Currc t t'cnds, latest developments Afith special t .vr ters providing expert analyses and qivinq yot< valuable nights nt '<>«} <S"m uptimes that make
      71 words