The Business Times, 13 October 1999

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Total Pages: 46
1 46 The Business Times
  • 16 1 THE BUSINESS TIMES MITA (P) 046/12/98 85C SINGAPORE WEDNESDAY, OCTOBER 13. 1999 I inicrnet: httoiVbusiness-times.asial .com.sg/
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  • 57 1 sn 211&27 (-3.96) mm 714.73 (-3.96) rismsamuiES STUCK lil&ET UUJ1122) Tuesday Change KLSE OOMP 74U7 -LB NIKKEI 18.M&81 +28J3 HANG SENG 12,759.36 -28U7 SET INDEX 401J6 +1148 JAKARTA COUP —J7LH 1168 MANILA OOMP —UK6.49 -177 TAirei WPI 7,***** SEOUL COMP 8B4JS +tlM CLSA CHINA B 7tt» -127 AUSTALLORD
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  • 74 1 maims uss ss US$ 1.680 £(US$/SSper£) 1.666 1781 EURO(US$/SSperE) 1.066 1.790 DM 1.836 QJ16 YEN 106 J 1580 KM 3.800 0.442 HKS 0216 BAHT 39.46 0.043 RUPIAH 7,830 0.021 'StIP mmria PUKE BATES SINGAPORE* 6.80 KUALA LUMPUR 7.25 JAKARTA 40.00 BANGKOK 10.00 MANILA 11.00 HONGKONG 815 TAIPEI A07 SYDNEY
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  • 996 1  -  Mahathir gayS h*nkg can choose own anchors; crisis committee to review plan after strong protests FromE* Eddie Toh, Meera Tharmaratnam in Hongkong IN a stunning reversal that floored foreign fund managers, Malaysian Prime Minister Mahathir Mohamad yesterday effectively unravelled a merger plan to create
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  • 675 1  -  I :'i i exclusive HOTELS GET SET FOB mLLEMMIUM PART? By\ Marissa Chew [SINGAPORE] From Raffles Hotel to the Shangri-La, the last New Year's Eve of this millennium will see hotels here gearing themselves up for revellers to celebrate the big flip
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  • 550 1  -  It is contesting a suit by tycoon Li Ka-shing's Japnra By < Catherine Ong [SINGAPORE] Singapore Telecommunications Ltd (Sing Tel) yesterday denied that its international submarine cables are trespassing on land sold by the government to a company owned by Hongkong tycoon Li Ka-shing.
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  • Page 1 Advertisements
    • 90 1 IH SIDE Top stories 40% discount on share options? KLW says it's a good way to motivate staff. Pg3 En-bloc sales continue to hit the market pge Fewer jobs will be created in the years ahead. Pg 10 Asia's first real-time financial portal is on the Web. Pg 11 Thai
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    • 68 1 Brokers at sixes and sevens, Pg 13 BHL owners accept Southern Bank's offer, Pg 13 m I dr/////J L /^^v/ i n K. J The movement Heir to a proud watchmaking tradition MP Sf SINGAPORE: Chopard Boutique, 65/737 64 51, Fax 65/235 82 00. Dickson shops: The Centrepoint, shops: Lucky
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  • NEXT page
    • ON THE grapevine
      • 113 2 AS the professional golfers who battled it out at the British Open in July will testify, the winds at Carnoustie in Scotland can be furious. A Singapore banker, who played at the course recently during a trip to the UK, found out that battling the winds
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      • 48 2 THE story now going around is that the distributors of Suzuki cars will take over the failed distributorship of Korea's Kia cars. According to one wag, the new distributorship could call itself "Kia-Su Motors". For the uninitiated, kiasu means "afraid to lose" in the Hokkien dialect.
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      • 112 2 THE Malaysian government is negotiating to reprice its US$l.35 billion (552.26 billion) club loan signed in December last year, according to basispoint, a newsletter for investors of fixed-income securities. Apparently, Kuala Lumpur has figured that it is paying too much at 290 basis points above US treasury
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      • 102 2 SALOMON Smith Barney (SSB) has appointed Donaldson Hartman deputy head of financial institutions equity research for the Asia-Pacific region. SSB said Mr Hartman, based in Bangkok, was instrumental in developing the firm's investment banking business in Thailand and played a leading role in Siam Commercial
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      • 83 2 A PARLIAMENT of crows which make their home on the golf course at the Singapore Island Country Club would have done the ancient Chinese military strategist Sun Tzu proud. Here's what our feathered friends do, according to a golfer. They send one of their number to
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    • 661 2  -  Gain reverses six quarters of decline bat level still 40.6% lower than '96 peak By] Kalpana Rashiwala [SINGAPORE] Private home rentals have risen for the first time since the third quarter of 1997, according to the Inland Revenue Authority of Singapore's rental index of
      FILE PHOTO; Source:  -  661 words
  • Page 2 Advertisements
    • 246 2 *aratmx h 11 H wl I PUSHING THE ARTFORM -c V fll WyntonMarsalis, the most acclaimed jazz musician and composer of his generation, as well as distinguished classical performer. '*Tv.t^ ,J I Recipient of the Grand Prix du Disque Edison Award-Netherlands, 23 Honorary Doctorates, and 1997 Pulitzer I Prize for
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    • 20 2 C Didn't f«i k«Hr? I rt«4 if Cats' Mews/ €tf«k Cat# 1 Nin i« SiiJiy CktiifM tkii tfitkitJ. I CATS,
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  • Page 3 Advertisements
    • 50 3 > i *"-«t N A. A V Mr Keiichi Iwasawa, General Manager, Mitsubishi Corporation Millenia SINGAPORE PONTIAC MARINA PRIVATE LIMITED Pontiac Marina Private Limited is a subsidiary of the Pontiac Land Group of Companies. One Temasek Avenue. Millenia Tower, #41 00, Sinyapore *****2 Telephone 65 332 8888 Facsimile <65 3JB
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  • SINGAPORE companies
    • 455 4  -  Chief exec mentions Next Media and the Man U franchise By' Toh Han Shih THE future drivers of fashion retailer FJ Benjamin's growth will be new businesses like Next Media and its Manchester United franchise, said its chief executive officer (CEO) FJ Benjamin yesterday.
      455 words
    • 455 4  -  Offer price is at 14.4* historical PE, 13Jx prospective PE Byl Eugene Low NM Holdings (NMH), a homegrown manufacturer of plastic packaging materials, is offering 23 million shares at 46 cents each in its initial public offer for a Sesdaq listing. Of
      SIEW YAW HOONG  -  455 words
    • 241 4 L&M Group Investments yesterday confirmed a BT report that it was planning to list its geotechnic division, one of its main operating divisions, on the Stock Exchange of Singapore. It said that "an underwriter has been appointed to explore the feasibility
      241 words
    • 654 4  -  locksiew siow li sen THE best that could be said of United Overseas Bank's foray into the Thai consumer banking sector is that it came at a low cost with most of the risks known, said one analyst. This remark generally reflects the general
      654 words
    • 349 4  -  By\ Soh Tiang Keng A MAKER of laminated flooring in China is heading for a listing here, even as two companies report good response to their respective initial public offers. Asia Dekor Holdings yesterday said it had received in-principle approval for a
      349 words
    • 448 5 DOOR maker KLW Holdings is asking shareholders to approve an employee share option scheme that includes exercise prices with a generous discount of up to 40 per cent of the market price at the time of granting the options. Sesdaq-listed KLW said
      448 words
    • 321 5 It will buy 534% stake for $89m, not $100 m as expected DBS Land has exercised its option to buy a 53.9 per cent stake in Hind Hotels and will be issuing a general offer document within 28 days. However, the purchase price will
      321 words
    • COMPANY Briefs
      • 129 5 AFX-Asia MHE Holdings said it has launched a wireless two-way messaging and e-commerce business. Wholly-owned subsidiary Mhe.Com Pte Ltd will market GWcom Inc's wireless technology in South-east Asia, India and the Middle-East The two companies have targeted sales of at least 15 systems in the
        AFX-Asia  -  129 words
      • 85 5 LEONGHin Holdings said that with the approval of shareholders yesterday, it has exercised an option granted by LHP Investments to bay a freehold property at Surrey Road for $11.5 minion. The property can be devetoped into a residential project with an aggregate built-up area of
        85 words
    • 406 7  -  JV company says it's separate from PHD which has filed for Chapter 11 By\ Marissa Chew THE debt restructuring at Planet Hollywood International Inc (PHD) and the closure of nine restaurants in the US will not affect the operations of Singapore-based Planet
      REUTERS  -  406 words
    • 295 7 THOSE who accepted Stamford Holdings' conditional cash offer for Scotts Holdings will have their shares returned. DBS Bank said that as of the close of Stamford's offer for Scotts yesterday, acceptances had been received for 130,952 shares representing 0.06 per cent of Scotts'
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    • 164 7 IIUItMUUKQ contract is far EBP systems here Reuters [SINGAPORE] CSE Systems A Engineering said yesterday that it had been awarded a five-year maintenance contract by Philips Singapore Pte Ltd valued at $17 million. The company said in a statement the contract was for the
      Reuters  -  164 words
    • 144 7 Bridge News HONGKONG-listed Pacific Century Cyberworks placed 635 million shares after the stock market closed yesterday, sources said. The shares were priced at HK$6.lO, or an 8.3 per cent discount to yesterday's closing price of HK56.65, they said, adding that the funds will be
      Bridge News  -  144 words
  • Page 4 Advertisements
    • 154 4 Formerly a m!avai L^ BLE EL M P.-.M t L l-.'i-l' 1., l I M MI V I r i I I 1.. >i s.\ f'■ t I'.- I •••rI t TM too Iff I «»«'> M '"I 't I. t ti I 111-.MM AP I Trrrrrrfcl^iTiV^rr 4k k, kk
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  • Page 5 Advertisements
    • 8 5 Share option schemes carry own risks, Pg 12
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    • 18 5 BLOCK. THE COLOUR OF^MU J triple-distilled. super BLACK VODKA distributed by excedo private limited. For more Information, please
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  • SINGAPORE markets
    • 211 6  -  WABBAMT WATCH -By R Sivanithy THE property segment has been out of favour for some time now interest rate worries, unstable currencies and a wobbly Wall Street have taken their toll on the sector. Also, transactions in the physical market have
      211 words
    • 366 6 «lD€fc> VOfcWM CMT«tooomHK75c 13,413,000 QESMLKI20C 12.000,000 OC8C D6aCW*****8 10,848,000 SunwayHIHKIOc 9,304.000 "GanMnglnt 9,115,000 FJ Banjamtn20c 7446,000 STEngglOc..... 7,278,000 Yongnam 20c 5,460,000 SingTel 15c 3484,000 AaiaFoodftPropUSS 3,691,000 SPH 34,882^292 OBSQip 31,831,484 8tA *****,756 QESIndUd20c 19,*****0 STEngglOc 17,*****2 U06 Rytfgn 16,*****8 0C8C D6aCW*****8 14,461,888 C*yDav50c 13,196^04 SunwaylnllHKIOc...— 13******0 SingTel 15c *****,922 •Mi
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    • 561 6  -  l-iricommerit STOCKS r.sivanithy YESTERDAY'S trading pattern was a repeat of Monday's, with stocks making a brave attempt at rallying at the start before being dragged lower by a lack of decent buying incentives. Not helping sentiment were the weak Hongkong market
      561 words
    • 275 6  -  HOT STOCK -By Wong Wei Kong FJ Benjamin shares were again heavily traded yesterday, but retreated this time round after their sharp gains in the previous session. The stock tumbled 9.5 cents or 14 per cent to close at its day's low of 58 cents,
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    • 4 6 Wit
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  • Page 6 Advertisements
    • 207 6 l§jd 3R-HVu"r W.* **•vi^wuv*\ i^™ M »l I Irfl I 1 XHSUfI LSH HlflßPi! LJ The overwhelming success of Paya Übi Industrial Park AJtot>»d car/lorry parting lota >n front of your unit phase I II sale has a lot to do with the unique II advantages of our factory units.
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    • 20 6 Short of cash to invest 7 r 323-3955 >I< I )[',SBANK Larry Wee's ourrencie* ootamn is on pafe 30 BizIT
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  • Page 7 Advertisements
    • 126 7 This announcement appears as a matter of record only October 1999 EASTGATE TECHNOLOGY LTD (Incorporated in the Republic of Singapore on 16 December 1989) INVITATION IN RESPECT OF 100,000,000 ORDINARY SHARES OF $0.10 EACH COMPRISING 50,000,000 NEW SHARES AND 50,000,000 VENDOR SHARES AS FOLLOWS:(1) 40,000,000 OFFER SHARES AT $0.50 FOR
      126 words
    • 767 7 Buy It Sell IL Find It yiK, Classified. fm Call Today For Results Tomorrow. |ca.ts.| < EASTGATE TECHNOLOGY LTD (Incorporated in to Republic of Singapore on 16 December 1969) XyiTATION X RESPECT OF ORCTHARY SHARES OF <0-10 EACH COMPWSXG HEW SHARES AND 50,000,000 VENOOR SHARES AS FOLLOWS:(1) 40,000,000 OFFER SHARES
      767 words

  • SINGAPORE news
    • Article, Illustration
      140 8  -  By\ Eugene Low THE construction of Exxon Chemical's US$2 billion (553.4 billion) petrochemical complex Singapore's third cracker— is on schedule and the project is about 40 per cent complete. The facility is due to come onstream in the fourth quarter of next year. Exxon Chemical said the lifting
      PICTURES: EXXON CHEMICAL  -  140 words
    • 537 8  -  COLLECTIVE Holland Road, Kateng parcels seen going for a total of $522 m By] Kalpana Rashiwala THE stream of collective sales continues to flow into the market, and the latest properties to be launched are the 210,375 sq ft Grenville site off Holland
      537 words
    • 490 8 Supply also scarce due to bad weather, overtopping in the past 2 years Reuters RUBBER prices are still looking up, with major consumers short on nearby shipments and supplies scarce because of bad weather and overtapping during the last two years, traders said
      Reuters  -  490 words
    • 545 8  -  John Tremayne Perth, Australia via Internet I REFER to the two news agency reports "M'sian bank stocks seen rallying after Dr M's remarks on core banks" and "Tenaga to merge its smaller units by next Sept" (BT, Oct 11). These, to my mind, are typical of
      545 words
    • 253 8  -  W Leong Sing Chiong Assistant Director (Corporate Communications) Monetary Authority of Singapore IN "Where is the prudence, MAS?" (BT, Oct 9), Mr Philip Lim asked if the Monetary Authority of Singapore was being prudent in allowing banks to refinance housing loans at more
      253 words
    • 175 8  -  Chow C K Singapore via Internet I AM in full support for the letter by Yee Soo Chai (Cut out banks from CPF share buys, BT, Oct 8) on the need to reduce the transaction costs currently charged by our custodial bauiks. Take
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  • Page 8 Advertisements
    • 47 8 taxable book-entry Government 8188 l B|§| 1999 due 15 May 2004 Hi be issued on 15 Oct 1999^H BB| Amount Offered Allotted *****,000,000 fIpHH Amount Applied 551,564,404,000 Interest/Coupon Rate 3.375% p.a. ■Hh| on Allotment 3.68% p.a. and 100.079% HI Cut-off Yield and Price 3.72% p.a. and 99.913%
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    • 2 8 Email: btletter@sph.com.sg
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  • Page 9 Advertisements
    • 228 9 i^^p There's more to total security than meets the eye. For instance, knowing about a break-in is useless, unless can be acted upon immediately. From installing and monitoring burglar alarms to security is a complex business operation, supported by five consultancy, one company has the ability to think fast, act
      228 words

  • SINGAPORE AT HOME & ABROAD
    • 582 10  -  11ZI parliament Workers will no longer be spoilt for choice, cautions Boon Tang By. Audrey Tan THE post-crisis economy will yield just 60,000 more jobs each year, even if it grows at the target 5 per cent, Manpower Minister Lee Boon Yang said in
      582 words
    • 293 10  -  the economy construction By\ Marissa Chew THE value of construction contracts awarded in the second quarter fell by 40 per cent, latest figures from the Building and Construction Authority (BCA) show. The figures, updated on Sept 20 on the BCA Web site, show that
      Source: BCA  -  293 words
    • 292 10 MBA students will spend a year each at NTU and St G&llen FROM next July, students in the Nanyang Technological University's Masters of Business Administration in International Business programme will be able to spend part of their course at the University of St
      292 words
    • 356 11  -  PEOPLE By, Andrea Tan THE role models of today are not politicians or religious gurus but the people featured in slick commercials and glossy advertisements, said Ho Kwon Ping, president of Wah Chang/Thai Wah Group yesterday. The Wah Chang/Thai Wah group is a regional conglomerate engaged in
      ALPHONSO CHAN/ST  -  356 words
    • 362 11  -  It'll also be available on Sing&poreONE from end-Oct W Raju Chellam {SINGAPORE] You can now get live or real-time financial information including stock quotes, currency exchange rates, and news by subscribing to a new Webbased service, called WhatzOn.net, launched by a startup
      362 words
    • 285 11  -  By. Andrew Wee TWO brothers have taken the technopreneurs' baptism of fire, selling their homes to build up an Internet business. Ray Tham, 37, and Alex Tham, 31, sold their Housing Development Board flats to raise $500,000 for their newlyformed Internet
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  • Page 10 Advertisements
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  • Page 11 Advertisements
    • 154 11 fl R 6 S 0 r t That's Also fl Home Imagine being able to, quite literally, stroll down to the beach at the end of your working day. You can at Mandarin Gardens, Singapore's only full service apartments by the sea. Apartments range from one bedroom to a penthouse,
      154 words
    • 77 11 V S(.K Ml t <&■ I;nk\K Tracking a now conquest ot time 0k I jj% A 1 r i'} flv» mm M\< IKI IV < i\i| 11 S|\(,\poki rI K rP C -^SIA \'.l I \w CI! > II I "33 l)hl> J 1 I N L, l\ L Si
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  • EDITORIAL & opinion
    • 736 12  -  mm I bottom line OPINION reginald dale The writer is a columnist with the International Herald Tribune, where this commentary first appeared A TIRESOME radio advertisement for a major international carmaker frequently aired in the US goes to great lengths to stress that not
      736 words
    • 112 12 5 We live in a kind of vacuum of power: no law, no order, no police, no judicial system.' -Bishop Carlos Bdo East Timor's spiritual leader, on the situation in his newly liberated country. 4 I am worried because there are many groups which are so fanatic,
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    • 617 12 EDITORIAL THE trade ministers who will convene in Seattle in November were planning an agenda for a three-year series of negotiations aimed at lowering trade barriers in services and agriculture and setting rules for electronic commerce. The United States, the locomotive of the
      617 words
    • 1389 12  -  A good plan most carefully consider specific terms of options, snch as the exercise price By Mak Yuen Teen, Ho Yew Kee Mak Yuen Teen is an associate professor and deputy head, while Ho Yew Kee is an assistant professor, at the Department
      1,389 words
    • 742 12 Habibie's feree WITH the Indonesian presidential election only nine days away, President B J Habibie is under pressure to accomplish his national duties one by one. Yesterday, he dropped the curtain on a dramatic comedy show while demonstrating strong confidence concerning his future. When the recommendation
      742 words

  • MALAYSIA bank mergers
    • 596 13  -  WINNERS Bank merger policy reversal makes it hard for them to advise clients From Meera Tharmaratnam in Hongkong FOREIGN brokers and analysts virtually threw their hands up in despair yesterday at the latest policy pronouncement by Malaysian Prime Minister Mahathir Mohamad
      596 words
    • MARKET moves
      • 62 13 MAYBANK inched up 20 sen to RM12.90 yesterday on talk that it may now choose to buy other banks instead of those selected by the Malaysian central bank. Prime Minister Dr Mahathir Mohamad yesterday eased the rigid blueprint unveiled by the central bank in
        62 words
      • 47 13 RHB Capital, which owns 70 per cent of RHB Bank, eased 12 sen to RM3.36 despite the relaxation of the banking consolidation plan. Although Malaysia will allow more than six anchor banks, analysts said RHB Bank may not be the chosen one.
        47 words
      • 49 13  -  Compiled by Eddie Toh PHILEOALLIED, which owns Phileo Allied Bank, shed 6 sen to RM3.10. Tong Kooi Ong, controlling shareholder of the aggressive and young bank, is said to be willing to cash out as long as the bank gets cash from Multi-Purpose Bank.
        49 words
    • 627 13  -  Major shareholders owning 45% stake agree to share swap From'. Ruth Wong in Kuala Lumpur MAJOR shareholders of Ban Hin Lee Bank Bhd (BHL Bank), believed to be members of the Yeap and Goh family owning nearly a 45 per cent stake, have accepted
      627 words
    • 278 13 SINGAPORE Bridge News, Reuters RATING agency Standard Poor's has applauded Malaysia's apparent turnaround in its bank mergers stance, as it believes that a forceful consolidation of Malaysia's financial institutions into six core banking groups would erode capital bases of anchor
      Bridge News,; Reuters  -  278 words
    • 183 13 KUALA LUMPUR Bridge News ARAB-MALAYSIAN banking group chief, Azman Hashim, yesterday declined to comment whether he was negotiating for his Arab-Malaysian Bank to become a lead bank in the forced merger of local banking institutions. But he hinted that an announcement could be
      Bridge News  -  183 words
  • Page 13 Advertisements
    • 8 13 avary FlrMay in Tlm New Paper Fastads fSSStckf/S
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    • 34 13 I PET SVBJECT SSSSSS 55 1 r r,w C 2^ r »W I Sniff around The Straits Times Classified to find a suitable pet. 'i I CATS. S Buy It Sdl H. Find H.
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    • 447 13 KPMGSeminarSeries Insurance Seminar Tuesday, 2 November 1999,9.00 am to 5.30pm Orchard Hotel, Level 3, Ballroom 1 The Insurance Steering Committee of the International Accounting Standards Committee ('IASC') is expected to release an issues paper on accounting for insurance contracts in the last quarter of 1999. This is part of a
      447 words

  • MALAYSIA news
    • 587 14 KUALA LUMPUR M'sian PM urges Chinese businessmen to help the Malay community hit by the Asian fiwiirial crisis Reuters, AFX-Asia PRIME Minister Mahathir Mohamad yesterday urged Malaysians to hold on to their shares and said the key stock market
      Reuters,; AFX-Asia; FILE PHOTO  -  587 words
    • 316 14 KUALA LUMPUR Bloomberg MALAYSIA'S Olympia Industries Bhd said it won creditor approval for its plan to pump 53.2 million Malaysian ringgit (5523.5 million) into its brokerage unit, Jupiter Securities Sdn, to help shore up capital and fund its trading operations. The capital injection
      Bloomberg  -  316 words
    • 189 14 KUALA LUMPUR Reuters MALAYSIAN Tobacco Company Bhd (MTC) said yesterday several parties had shown interest in taking over its listed status or to inject their assets into the firm. "MTC and its substantial shareholder, Chelwood Trading Investment Co Ltd, have been approached by
      Reuters  -  189 words
    • MALAYSIA Briefs
      • 34 14 Reuters [KUALA LUMPUR] The Kuato Lumpur Stock Exchange (KLSE) will begin monitoring stockbroking companies from Dec 1 to determine if they meet capital adequacy requirements, the government said yesterday.—Reuters
        Reuters  -  34 words
      • 55 14 Reuters [KUALA LUMPUR] Malaysia's TA Enterprise Bhd has entered into an agreement with The Manila Banking Corporation to sell its 30 per cent stake in TA Bank fior 007.5 million pesos (5135.4 million) in cash. TA Bank was bought for 562.5 million pesos
        Reuters  -  55 words
      • 55 14 AFX-Asia [KUALA LUMPUR] Sunway City Bhd yesterday said it plans to issue a substantial block at shares in the company to a foreign investor. It is also finalising a deal to sell a 48 per cent stake in Sunway Pyramid. The plans are part
        AFX-Asia  -  55 words
  • Page 14 Advertisements
    • 179 14 -V 4* %|g "*mim V *$00* 1 j**®- -< f &mm£rn& i t *Mt*g..v»i''- .x waters 0 bridge B t° jcr° ss V- y* <1/ Imagine. Nature's purest gift at the helm of your desire. Whether it s an off-road adventure, or a trip around the city, Or rather, at
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  • SOUTH east asia
    • 436 15 SINGAPORE Currency seen continuing uptrend; investors expect Moody's upgrade Bloomberg THE Thai baht strengthened for a second day, as the latest economic indicators suggested an improvement in the country's economy. Thailand's September exports rose 1.6 per cent from August to the highest level
      Bloomberg  -  436 words
    • 352 15 MANILA Reuters, AFP THE Philippine Securities and Exchange Commission said yesterday it would investigate Macau tycoon and casino mogul Stanley Ho's entry in BW Resource Corp, as well as the meteoric rise of the company's shares. "The SEC as a matter of
      Reuters,; AFP  -  352 words
    • 272 15 BANGKOK AFX-Asia BROKERAGE incomes in the third quarter will be sharply higher than a year earlier due to a significant rise in daily turnover on the Stock Exchange of Thailand (SET), Seamico Securities said. In a note it said: "Average daily turnover at
      AFX-Asia  -  272 words
    • 302 15 BANGKOK Asset management firms taking over state banks'bad loans, says BOT Bridge News BANK of Thailand (BOT) governor Chatumongkol Sonakul said yesterday that the finance sector's 2.645 trillion baht (*****.4 billion) in nonperforming loans (NPLs) as at end-July would contract by 800
      Bridge News; FILE PHOTO  -  302 words
  • Page 15 Advertisements
    • 119 15 SINCE MiH^^p 'iiiiir m ii'" < r ~^m *hN iBW" v TAG HEUER SHOWROOM Tel: 235 8477. Also available at: ALL WATCHES Tel: 732 7673 733 2823 337 5075 ASM WATCH Tel: 440 4208 CHEW CHEONG Tel: 787 1703 734 5096 CORTINA Tel: 339 9185 235 0084 734 3668 339
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  • INDON polls
    • 934 16  -  I :"i comment ASEAN Dark horses emerging In presidential race yang razali kassim BARRING a last-minute reversal, Indonesian President BJ Habibie has as good as secured his position as the Golkar party's official candidate for the presidential race next week, surprising even
      934 words
    • 283 16 AFP [JAKARTA] The health of the 78-year-old former Indonesian president Suharto is continuing to deteriorate and he now has difficulties speaking, his lawyers said yesterday. "Compared to when he was not yet sick, (his condition) has greatly deteriorated. It is of great concern," Juan
      AFP  -  283 words
    • 37 16 (JAKARTA] Indonesian marines participating in a show of force in central Jakarta yesterday. Thousands ofmilitary personnel will be deployed around the Indonesian capital to curb any violence ahead ofnext Wednesday's presidential election. REUTERS
      REUTERS  -  37 words
    • 320 16 JAKARTA Two-day executive meeting likely to give final endorsement Reuters INDONESIA'S former ruling party Golkar is set to retain President BJ Habibie as its presidential candidate yesterday despite his deep unpopularity with the public, party officials said. Golkar senior officials told Reuters a two-day executive
      Reuters  -  320 words
    • 426 16 JAKARTA It wiD decide whether the fall results of an independent audit should be made public AFP, Reuters INDONESIA'S Supreme Court will soon issue a legal opinion on whether the full results of an independent audit on the
      AFP,; Reuters  -  426 words
    • 368 16 JAKARTA Reuters INDONESIA'S presidents will face a yearly review of their leadership that could see them impeached or a fresh election called in a bid to avoid abuses of the past, a political leader said yesterday. Amien Rais, who heads the People's
      Reuters  -  368 words
  • Page 16 Advertisements
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  • EAST asia
    • 743 17 BEIJING Whether currency is devalued depends on balance of payments, say economists Reuters FEW economists see a yuan devaluation in the cards if Beijing fails to gain entry to the World Trade Organisation (WTO) this year. China's bid to join the WTO
      Reuters; REUTERS  -  743 words
    • 574 18 BEIJING Central bank seen cutting bank reserve ratio Bloomberg CHINA'S central bank may cut the amount of money banks must keep in reserve in a bid to boost lending and fuel economic growth, according to government officials and local press reports. Dai Xianglong,
      Bloomberg  -  574 words
    • 498 18 BEIJING FT, Bridge News TOUGH action by China to enforce foreign exchange controls last year prevented more than US$lO billion (5516.8 billion) in illicit currency transfers in just four months, Zhao Yongji, viceminister for public security, has said. The figure underlines the pressure exerted
      FT,; Bridge News; FILE PHOTO  -  498 words
    • 234 18 HONGKONG AFP CHINESE oil giant CNOOC Ltd yesterday launched an initial public offering in Hongkong as part of a plan to raise some US$2.5 billion (554.2 billion) and seek a stock market listing here and in New York. The Hongkong offering is
      AFP  -  234 words
    • 346 18 SHANGHAI AFP CHINA'S first batch of securities brokerages and fundmanagement companies has begun raising funds on the country's interbank market under financial reforms, the official Shanghai Securities News reported yesterday. Citic Securities Co Ltd on Monday carried out the ceremonial first transaction, obtaining a three-day
      AFP  -  346 words
    • 267 18 Capital level exceeds current and planned requirements Bloomberg [HONGKONG] Hang Seng Bank Ltd announced its plan to solve a problem most lenders only dream of: What to do when you have too much cash. Hongkong's second biggest bank, one of the
      Bloomberg  -  267 words
    • SINO Briefs
      • 43 18 AFX-Asia [HONGKONG] The High Court has sanctioned the merger terms of the Stock Exchange of Hong Kong and Hong Kong Futures Exchanges, paving the way farther for the proposal to merge the exchanges and the clearing houses. —AFX-Asia
        AFX-Asia  -  43 words
      • 90 18 Bridge News [TAIPEI] An NT$5O billion (512.6 billion) package of disaster reconstruction loans for quake-stricken small and medium-sized enterprises will assist over 2,500 of the companies carrying out reconstruction and new equipment purchases to resume production, according to a statement released yesterday by the
        Bridge News  -  90 words
      • 94 18 AFP [BEIJING] China will soon issue railway construction bonds worth 3.4 billion yuan (SI886million), the official Xinhua news agency said yesterday. The bonds, to be issued by the Ministry of Railways, include 1 billion yuan of five-year bonds and 2.4 billion yuan of 10-year
        AFP  -  94 words
      • 57 18 AFX-Asia [HONGKONG] The Special Administrative Region is losing its favoured role as the regional base for multinational computer vendors despite the growth in Internet start-ups, the South China Morning Post reported. "There has been a definite shift away from Hongkong," Dennis Philbin, vice president
        AFX-Asia  -  57 words
  • Page 17 Advertisements
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      197 words
    • 124 17 BMW Maintenance. Although a BMW is easily the most exciting car to drive, it is by no means the most expensive to maintain. Performance Motors servicing professionals are rigorously trained to BMW worldwide standards, utilising specialised tools to provide cost-efficient care. Because a BMW is designed for long-term driving pleasure.
      124 words

  • Page 18 Advertisements
    • 98 18 Have You Seen Our Grand Ballroom? The The Singapore only be described Magnitude! Now the Pacific Ballroom ensures magnificent style and comfort in any setup for up to 750 seated or 1200 standing guests. Whatever the occasion, the Pacific- Ballroom is a prime location any the weddings and special celebrations.
      98 words
    • 17 18 sgjg II COLLECTIVE SALE I LARGE FREEHOLD RESIDENTIAL LAND AT MEYER ROAD I INVESTMENT SALES 222 1333
      17 words

  • SOUTH asia
    • 496 19 ISLAMABAD Turmoil after Sharif sacks army chief; firing comes after talk of coup Reuters PAKISTAN was plunged into political turmoil yesterday after the official residence of Pakistan Prime Minister Nawaz Sharif was surrounded by troops shortly after it was announced that he had sacked
      Reuters  -  496 words
    • 216 19 NEW DELHI Bloomberg HERO Honda Motors Ltd, India's biggest motorcycle maker, said its fiscal 2000 secondquarter profit rose 44 per cent as it sold more vehicles. The company's profit jumped to a more-than-expec-ted 428.8 million rupees (5515.4 million) in the three months ended
      Bloomberg  -  216 words
    • 199 19 BOMBAY Bloomberg SATYAM Computer Services Ltd, India's fifth-largest computer software company by sales, said profit rose 67 per cent in its fiscal second quarter, helped by contracts from new customers. Profit for the quarter ended September rose to 307.4 million rupees (Ssll.l
      Bloomberg  -  199 words
    • 113 19 BOMBAY AFX-Asia SILVERLINE Industries Ltd said it plans to offer American Depository Shares to raise US$75 million (*****.7 million) for funding overseas acquisitions. It said it has identified three potential companies for takeover in the US and Europe and will complete the
      AFX-Asia  -  113 words
    • Article, Illustration
      53 19 [NEW DELIA] The Congress Party's Sonia Gandhi is all smiles after being elected leader of the party's parliamentary group in New Delhi yesterday. However, Congress, which has ruled India for 45 of the 52 years since independence in 1947, faced its worst ever defeat in the recent mid
      REUTERS  -  53 words
    • 498 19 NEW DELHI Bat inadequate Upper House numbers may be a hurdle: analysts Bloomberg, AFP ATAL Behari Vajpayee, the first incumbent prime minister to be voted back to power in India in nearly three decades, said he and his Bharatiya Janata Party-led alliance are
      Bloomberg,; AFP  -  498 words
  • Page 19 Advertisements
    • 514 19 ■■■i mmm mmm +Sun street smart .com Bam t-W mmm We have ideas that'll grow your business and V f shrink your costs. Are you switched on to the power of the Net yet? If you're still in the dark, we at Sun would like to enlighten you. Today over
      514 words

  • WORLD news
    • 597 20 SEOUL Move ensures flat panel supply; US firm signs USsB.sb contract for LCDs Bloomberg DELL Computer Corp, the biggest direct-seller of personal computers, will invest US$2OO million (*****.2 million) in Samsung Electronics Co in return for a stable supply of flat panel displays,
      Bloomberg  -  597 words
    • 428 20 LONDON USslb bond largest credit card securitisation by a European bank FT BARCLAYS Bank is to break new ground in the UK by becoming the first British bank to launch a bond secured against debt owed by consumers to its credit
      FT  -  428 words
    • 303 20 TOKYO Bloomberg SQpO Co shares rose 8.8 per cent after the mid-sized Japanese department store chain operator said it will eliminate 450 group jobs in a bid to return to profitability. The Osaka-based retailer rose 17 yen to 173, the
      Bloomberg  -  303 words
    • 230 20 TOKYO Toxic iodine escaped for 12 days through an unchecked ventilator AFP RADIOACTIVE particles spewed for 12 days through an unchecked ventilator at a Japanese plant after it suffered the worst nuclear accident since Chernobyl, the site's operator said yesterday. The
      AFP  -  230 words
    • 591 20 SEOUL Government says brokerages and trusts will share Daewoo bond losses Bloomberg SOUTH Korea said the nation's brokerages and investment trust companies will share losses from bonds sold by the Daewoo Group, in a bid to calm fears of mass sales of
      Bloomberg  -  591 words
    • 51 20 (LONDON) A picture taken on Monday of the British Airways (BA) project ofa giant millennium ferris wheel that was lifted to a holding position 65 degrees over the Rwer Thames on Sunday. The sponsor BA predicts the project will be open by the eve of the millennium.
      AFP  -  51 words
    • GLOBAL Briefs
      • 76 20 Reuters [NEW YORK] Bank of America is expected to announce today a service that lets companies build an on-line store through the US's second-biggest bank, The Wall Street Journal said. It will collect a fee of US$lOO (Ssl6B) a month from merchants using the service
        Reuters  -  76 words
      • 61 20 Bloomberg [SYDNEY] Telstra, Australia's No 1 phone company, has entered talks to buy an information technology business from a group of Australia's top general insurers and develop it into an Internet-based network. It said if s the preferred bidder to buy Insurance Network Services Pty
        Bloomberg  -  61 words
      • 62 20 Bloomberg [SANTA CLARA, California] Intel, the No 1 semiconductor maker, said if s working with leading mobile phone maker Nokia to make television set-top boxes that combine features of the Internet with broadcast TV. The set-top box, to nm on an Intel chip, will
        Bloomberg  -  62 words
    • 523 21 LONDON It's a line-np of young reformers; only 12 of original 22 ministers left Bridge News, AFP BRITISH Prime Minister Tony Blair finally got the government he wanted with a line-up of young reformers in his own image, British newspapers said
      Bridge News,; AFP; REUTERS  -  523 words
    • 296 21 GENEVA Exec says it may take control of the USslob venture Reuters A DEUTSCHE Telekom AG executive said yesterday the group may take control of Global One, its unravelling corporate communications venture said to be worth at least US$lO billion (5516.8 bil-
      Reuters  -  296 words
    • 346 21  -  It agrees to restore developing countries' concerns in the draft From D Ravi Kanth in Geneva IN an about-turn, the World Trade Organisation (WTO) has agreed to include all the concerns placed on the table by nine developing countries in a draft text
      346 words
    • 351 21 STOCKHOLM Egyptian-American researcher gets chemistry prize Reuters, AFP DUTCH physicists Gerardus 't Hooft and Martinus Veltman won the 1999 Nobel Physics Prize yesterday, while the Nobel Chemistry Prize went to an Egyptian-American researcher Ahmed Zewail. The Dutch physicists won the prize for their studies of
      Reuters,; AFP  -  351 words
    • 569 22 LONDON Bnt earnings growth can only go down from here: analysts FT CORPORATE America is heading for the best earnings growth in the third quarter for at least four-and-a-half years. That is the good news, according to First Call/ Thomson Financial, the research
      FT  -  569 words
    • 222 22 NEW YORK Bloomberg MERRILL Lynch Co, the biggest US brokerage firm, said third-quarter profit more than tripled, boosted by record asset management revenue and a recovery in trading from last year's global bond rout. Profit from operations rose to US$572 million (Ss96o million),
      Bloomberg  -  222 words
  • Page 20 Advertisements
    • 309 20 HKBQBB Intensive 2-day seminar on I BfiHiHliiilfiiiAlid Finance Business Strategy I I' for the Millennium I Hie Financial Controller's Forum I An agenda of in-depth sessions on strategies to improve the I finance function and take on challenges in the new millennium I ROLE OF THE FINANCIAL CONTROLLER IN THE
      309 words

  • Page 21 Advertisements
    • 20 21 NOMURA/JAFCO INVESTMENT (ASIA) LTD congratulates MR. GOH HUN KENG HIS MANAGEMENT TEAM for the successful IPO of EASTGATE TECHNOLOGY LTD
      20 words
    • 187 21 r I wire Connecting You to HfUIH Asia's Next Millennium wmmNNi Asia's leading regional platform for L.. wire, cable, fastener and spring making L 1 toeall-ASW tube and P*P e trade welding, joining, cutting and surfacing |K Meet with world leaders showcasing the latest state-of-jfl the-art technology, machinery, materials and
      187 words

  • Page 22 Advertisements
    • 2879 22 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 1 nn^—— NOTICE IS HEREBY GIVEN that I.TOHTONG NGHEE of Blk 572 #15-3375 Ang Mo Kio Ave 3 Singapore *****2, have applied for a Retail Liquor Shop licence in respect of M/s Cold Storage Supermarket located at Blk 768
      2,879 words
    • 265 22 IN THE MATTER OF THE COMPANIES ACT, CAR 50 DESU TRADING PTE LTD On Voluntary Liquidation) At an Extraordinary General Meeting of the above Company duly convened and held at 190 Middle Road #14-02, Fortune Centre, Singapore *****9 cm Wednesday, 13th October 1999 at 10 a.m. the following special resolution
      265 words

  • FINANCE & commodities
    • 217 23  -  SSKELReports MSCI Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market suffered minor losses yesterday but drew comfort from the low volume transacted. The property sub-index slumped on oversupply concerns emanating from the recent spate of en-bloc residential sales. The Straits Times
      217 words
    • 187 23  -  MSdlUmatatiiM Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index ftitures extended its winning streak for a second day yesterday, surging 12.0 points or 3.6 per cent to end at 349.4. The underlying Taiwan Weighted Price Index staged a sparkling rally, closing up 228.26
      187 words
    • 303 23 ENERGY REPORT AFP {LONDON] Oil prices' latest rebound moved up a gear yesterday as buyers gradually purged memories of last week's spectacular sell-off. Benchmark North Sea Brent crude for November delivery was trading 49 cents higher at U5521.72 a barrel by 1005 GMT, building
      AFP  -  303 words
    • 342 23 AFP, Reuters London THE US dollar continued to look soft against the yen yesterday with the market nervous ahead of today's Bank of Japan policy meeting. The meeting will be scrutinised for any steps the BOJ might take towards easing monetary policy following comments from Japanese officials in
      AFP,; Reuters  -  342 words
    • Article, Illustration
      1092 23 NTBRBAIfK CROSS RATES Oct 12 m ij w' i a. *1 C$ !■> i— Fir Oai 16$ Mlilili YM WW H Naa tt lal llj tatfrafta 0.962 km ate 4034 1203 5.075 2036 ***** 0490 7470 2.483 1267 ***** ***** UN 3.972 0910 ***** ***** 0295 0494 Canada 1039 5435
      1,092 words
    • 1520 23 8IC0M FUTURES Oct 12 I IHtfftWmtlTiHrtitTTifrt mtCOKTRACTOcMtiAD Om VaMM OpM fpMOl M|ft IMF Sett (taSMC) Marast Nat 99 Vt2S Wis 106.50 St 980 •Kit 10H2S ML2S ***** SO BOO 1 jib oo tius nus nus so no MOO 10.75 18.7SH3.75 SO 100 MM3C0MT1ACT (iScaab/ta) MM OpM MMtt M* law Satt
      1,520 words

  • STOCKS east asia
    • 2772 24 HONGKONG AFP PlhngSqig -23X37 HONGKONG share prices plunged 1.8 per cent yesterday amid concerns over liquidity problems arising from a planned series of cash calls, dealers said. "Investors are worried about a liquidity drain in the market," said Michael Ng, deputy managing director at
      AFP  -  2,772 words
    • 1867 24 TOKYO AFP Qffiuo&s *«JI SHARE prices in Tokyo closed 0.2 per cent higher yesterday on gains in hightech issues following a surge in the United States' technology-heavy Nasdaq the previous day, brokers said. The Nikkei Average 0f225 selected issues rose 28.63 points to end
      AFP  -  1,867 words
    • Article, Illustration
      905 24 AFP QjVwmhfa -4171 SHENZHEN'S hard currency B shares closed down yesterday as early optimism over government measures to boost the market quickly fizzled, analysts said. Although B shares initially rose, selling rapidly returned as investors expected the move to offer little support to the market in the short term,
      AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  905 words
    • 366 24 AFP QWF Index ****** TAIWAN share prices closed 3 per cent higher yesterday in active trading, buoyed by positive corporate results for September and overnight gains on the tech-heavy Nasdaq, dealers said. The Taiwan Stock Exchange Weighted Price Index soared 228.26 points to 7,835.37. Trading focused on technology stocks
      AFP  -  366 words
  • Page 24 Advertisements

  • STOCKS klse
    • 361 25 AFP DOwnpoate Index -LB2 MALAYSIAN share prices closed 0.2 per cent lower yesterday on light profit-taking after recent gains amid continued speculation over the progress of bank mergers, dealers said. The Kuala Lumpur Stock Exchange Composite Index finished at 745.57 points, down 1.82 from Monday.
      AFP  -  361 words
    • 7860 25 Cmmmt nMl WW Last Vet Day Net c*a >—I 1— Cimpspy M, -000 H» U» P/t »H 440 299 Ajmomoto 310 7 Jgb T74 46 AngkIMS 109 -9 37 MO 109 1943 404 220 Apollo Food Hlg 130 2 13 330 328 79 132.0 294 119 Ber)ayaLand 191 "4 29*
      7,860 words
  • Page 25 Advertisements

  • SES clob & regional stocks
    • 2301 26 BOMPS&WARRANTS Oct 12 Mi U0r 1*1 M tat UriMi m M(M tar CaM Mk> ■0 laa Mm "1 Mi «r- rmt tm Im* H* Mm <—rtMla w» g> lw>H i* »04 4 S 3160 Acar ******1 US$ 3a 5 24 383 M 30 383 33J j «4 173 187 21
      2,301 words
    • 266 26 AFP nOwnpoßtelnißi ♦2LBI THE Korea Stock Exchange Index closed up 21.86 points at 856.25. Volume was 295.5 million shares worth 3.2 trillion won.—-AFP Oct 12 *f~ tomsm*... "500 «o BraMTacli »»0 "30 Central Bank—— 2740 20 Cha4l Contm ***** >000 Dae Gu Bank 4065 Deo*angCo<p *•*> Ow oo Corp
      AFP  -  266 words
    • 283 26 AFP Q Manila -3.77 PHILIPPINE share prices closed 0.2 per cent lower in the absence of foreign buying and as investors took profits on a third-line gaming stock. The Philippine Stock Exchange Composite Index slipped 3.77 points to 2,066.40. Volume fell to 2.8 billion shares valued at 3.8 billion
      AFP  -  283 words
    • 263 26 AFP ♦ICIM NEW Zealand shares rose 0.5 per cent yesterday on the back of a rise in Telecom Corp, dealers said. The NZSE--40 Capital Index gained 10.01 points to 2,070.42 on total turnover of NZ$BB.B million. Telecom hogged most of the market's attention, gaining 16 cents to NZ$7.9O. —AFP
      AFP  -  263 words
    • 554 26 AFP HiaONlMriM *7.7 AUSTRALIAN shares closed 0.3 per cent firmer yesterday amid lacklustre trading as investors followed Wall Street's lead, brokers said. The Australian Stock Exchange's benchmark All Ordinaries Index rose 7.7 points to 2,934.1. The All Industrials Index rose 15.6 points to 5,056.1 while the All Resources Index
      AFP  -  554 words
    • Article, Illustration
      767 26 AFP Q SET Index +12.48 THAI share prices surged 3.2 per cent yesterday, breaking the psychologically important 400-point level, amid speculation Moody's Investors Service will upgrade Thailand's sovereign rating. The Stock Exchange of Thailand (SET) Index gained 12.48 points to 401.36, while the SET 50 Index of selected stocks
      AFP  -  767 words
    • Article, Illustration
      681 26 AFP QOnpotflbln •12*8 INDONESIAN share prices dropped 2.2 per cent yesterday as investors fretted the ruling Golkar party will keep backing President BJ Habibie for a new term in office, dealers said. A dealer at a local brokerage said the market's sharp fall was an indication that the latest
      AFP  -  681 words
  • Page 26 Advertisements

  • 7519 27 MAIN BOARD Transaction date: Oct 12 Or Or M Wt 52-Wk Last Vol Day LMt Ouota Otv Mr VM Nat Cm A»g nm> l— «tw cmw> «n rooo) wtb l— »««r* t*»* c-»r wn ut ww MULTHNDUSTIY 182 17.5 m b 1000 Acma 50c 116 cd *3 87
    7,519 words
  • Page 27 Advertisements

  • EXEC lifestyle
    • Article, Illustration
      622 28  -  Tap Dogs exhibit raw male energy onstage with their version of tap dancing SayS PUTAID MITAR PARVATHI NAYAR Testosterone channelled through tap dancing: If the combination sounds funky and different, well then, so is the show that brings them together. Tap Dogs, which has been called the
      PICTURES: SIEW YAW HOONG  -  622 words
    • 487 28 FOOD Reuters [NEW YORK] Like a souffle that continues to rise long after others have fallen, America's most famous home cook, Julia Child, has returned to television with yet another cooking series. The 87-year-old Ms Child is collaborating with her long-time friend,
      Reuters  -  487 words
    • 364 29 ...but did the concert drive its message of poverty and ways to alleviate it into wallets too? Reuters THE Net Aid rock concert to fight global poverty had a record viewership for its Internet broadcast, nearly 2.4 million visits, promoters said on Monday, but
      Reuters; REUTERS  -  364 words
  • Page 28 Advertisements
    • 77 28 Till Oct 17,8pm, with matinees at 3pm on Oct 16,17 at the KaUang Theatre Tickets at $40/60/80/95 from Sistic (348-5555) In business, as in life, information can alter the course of events. Which is why for 23 years, businessmen have relied on The Business Times for accurate predictions and analysis.
      77 words

  • Page 29 Advertisements
    • 394 29 Where to wine, dine and (OD Enjoy BIG discounts Catch our talented +a (3^BB* local duo, who will c. ,^3L^m serenade you with J* popular love songs yM of today and yesteryear Aj ij W as well at great country r y\ *%A HAIFT UUUK and western type music. Bdopm
      394 words
    • 143 29 ■■H KOTpow with soothing live English I entertainment. I Happy Hours I 6pm 9pm daily $s+++ on all house pours ■>0% off all other drinks Reservations: 831-6310/6288 I J —111 m«i Hi) Ochird Road. Singapore *****7 r Me 737 4411 Fax: 732 2361 *TUg Cel«lb«fry CWeP C*£6 C»«w>>s C*»-Pi Gxa
      143 words
  • Page 29 Miscellaneous
    • 1090 29 CBTPTIC CROSSWORD lection first was made with care (8) I I I I j 11 Able to dance a spell (7) Hit rump unexpectedly with great success (7) 13 Endlessly view a part of an 3 P I *****111 opera MB* jHT 15 Forceful measure to get in lit--17 Imagined
      1,090 words

  • MONEY matters
    • 1061 30  -  I :'i comment CURRENCIES Greenback's near-term top of 551.6850 reinforced over past week larry wee CENTRAL bankers in the United States as well as Europe chose to hold their fire last week, and none of three closely-watched meetings in the US, the UK, and
      Source: Hypovereinsbank  -  1,061 words
    • 621 30 Region's debt-servicing burden manageable with a one-point rise in rates Y2K worries probably pale in comparison with the expectation of another Fed rate hike before the year-end and the potential for an increase by the European Central Bank early next year. Although a
      621 words
  • Page 30 Advertisements
    • 237 30 for interest rates on Deposit. Upon maturity of the I 19 j j d 'ill 1 i I 1 ti I on preva-l-nQ e*c^a r 9e rate as of '9 August 1999 for a 1-montfc tenure wth tt»e deposit, Citibank will return vour v i J 1 1 I 1
      237 words

  • SHIPPING TIMES
    • 168 31 Bridge News, Reuters TRADING was even slower than normal for a Monday with holidays in Japan and Canada and a partial holiday in the US curbing some activity. Capesize rates remained strong, but the market talk was largely rumour led. Futures drifted slightly on the only traded position,
      Bridge News,; Reuters  -  168 words
    • 235 31 acta a CWT Distribution OO -0.02 43 Oman Hup 1.68 -0.03 1649 Caaco Invastmant 1.13 -0.05 M FralgMUnki 0.32 -0.01 219 9&Suim2p 0M lio, 297 IMC HoldM*-HK 540 unci) 0 JW HoMngs 0.92 -a 01 44 Jurang SMpyard 7.75 met) gM=55 5S KappalMarina 2.13 unch 223 KappalTala 1-86
      235 words
    • 442 31  -  Member lines of FEFCwill also impose bunker surcharge next month By\ Marcus Hand [SINGAPORE] Shipping lines on the westbound Asia-Eu-rope trade are planning two general rate increases next year totalling US$4OO (Ss6Bo) per TEU (20-ft equivalent units), and tha introduction of a bunker sui
      442 words
    • 64 31 [SAINT PETERSBURG] Specioivessels collect oil-water mixture on the Neva river, near Saint Petersburg after an accident involving a tanker on Sunday. The tanker Nefterudovoz- 7 ran aground after the captain who was drunk made a bad manoeuvre, according to local authorities. The tanker spilled 300
      AFP  -  64 words
    • 161 31 Reuters [AHMEDABAD, India] A new port that began operations last year at Mundra on India's western coast will be expanded with the construction of a container terminal and mechanised cargo handling facilities, an official said. "We are now planning to build a state-of-the-art container terminal and
      Reuters  -  161 words
    • 245 31 (KUALA LUMPUR] Malaysia is confident that Port Klang will move seven notches up its current position as the world's 22nd busiest container port this year, if it maintains its 230,000-TEU (20-ft equivalent unit) monthly throughput in the fourth quarter. In a report
      245 words
    • 706 31  -  STRAIT TALK By I Seafarer IF the International Transport Workers Federation (ITF) really wanted to irritate shipowners, it is hard to see how it could have done better than imperiously announcing a "commission" to grandly tour the world inviting submissions from,
      706 words
    • FOCUS air travel
      • 754 32 Low demand reflecting Y2K concerns is causing airlines to cut more flights than usual for New Year's Eve NYT [NEW YORK] Airlines typically reduce the number of flights on Dec 31, because experience has taught them that most people have already arrived at their destination
        NYT; FILE PHOTO  -  754 words
    • 272 32 PACE ESPUMI 13 AMI 3 Evergreen 6 Accord S Fooo 9 Sun Ahrenkiel 14 WIMj 14 Appemiilp 5 GU k 4 icij ocl 13 CetMrtrins 6 Austral s <***> 13 Avar* 14 GW B'tang Mas M bja 7 HatSuoHup 12 BTI M M|»N 5 n** Bangladesh 13
      272 words
    • 19191 39 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartisar Vassal Voyaga THapTKXW ETA ETA Advart.sar Vassal Voyaga SIN Dast'n Name Nam* Numbar NumOar SIN Dast'n Name Nam* Number Numoar 20/10 15/11 COSCO EVER GENTRY 0005* 65-*****00 J To ABIDJAN (ABJ) 2003 Cote D'I voir# Mm WJJ e«ntry momw* 20/10 27/II DUmas
      19,191 words
    • SHIPS IN PORT
      • 691 45 *mt» Voy Mo Bftti Anlvl Dtxrturi SpcVlrjo *****9 12/10/8:45 12/KV1700 Soon Sln« JAM-99 J03 12/10/8:05 12/10/23:59 Rtftt) J ***** J01 12/10/8:10 M/M/ttM SoAri World M J09 12/10/9:55 0/KV300 Aqui lucky M/99 J03 12/10/9:45 12/10/23:00 M Pat NO795 ***** J01 12/10/11:05 12/10/23:59 M Giiiftmidi ***** J01 12/10/10:40 12/10/2359 St
        691 words
      • 1895 45 receiving or export fcl containers and lcl carm Booking/Mane* Htts SWp Voy Wo Etb/Btr Ported Fro* To Frow ACX UUC 0041 12/23:00 IVBOO n/*» RAM a nmoo bmm o/o*« a w/1700 Bjww iww A NAN tHUM U4N U/V00 RAM 11/1*5* n 1*00 a ivnoo o/o*5* >2/0*00 a 11/1700
        1,895 words
      • 191 45 Oct 18 Hong Kong: Chung Yeung Festival. Oot 23 Thailand: Chulalongkorn Day. Oet 25 Ireland-Republic OF: October Holiday. New Zealand: Labour Day. Taiwan: Restoration Day. Oot at Austria: National Day. Oet 28 Greece: Oxi Day. Novl Philippines: All Saints Day. Nor 3 Japan: Culture Day. NOTS Brunei: Meraj.
        191 words
      • 762 45 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a mote comprehensive description of the market. Prices shown are baaed on averagesized stem Market move menu are Indicated. The Cockett Bunker Price Index change and the
        762 words
      • 394 45 Cataa HOHn WU U ICJ OJM 74 (MM Ort 10 DmsKt Hater 8mMm Art AJmHh MmiI Wo rtOM E2S 1 1 I C C C 222 WMW 380 Ave mJS 03 1U 0X7 30 0X2 (BH 300 MM 995.5 a* 17.9 O.tl 58 0.04 U/tri %W*
        394 words
    • AIR & LAND transport
      • 588 46 BA's choice of A3IB leaves 8717 without any commitment by nuyor airline so far Reuters [SEATTLE] Boeing Co's struggling 106-seat 717 model took a major body blow on Monday when British Airways pic ordered 12 competing jets from Airbus Industrie,
        Reuters; FILE PHOTO  -  588 words
      • 294 46 Bloomberg [ATLANTA] General Dynamic Corp's Gulfstream Aerospace Corp unit said it is still studying jointly developing a supersonic business jet with Lockheed Martin Corp, even as Dassault Aviation SA shelved plans for such a project. Gulfstream plans to make an early stage prototype in
        Bloomberg  -  294 words
      • 208 46 New model scheduled fer delivery in December 2000 Bloomberg [ATLANTA] Boeing Co, the world's largest aircraft maker, said it will produce a new version of its business jet with a roomier interior and more cargo space. The new jet, known as BBJ 2,
        Bloomberg  -  208 words
      • 416 46 NYT [NEW YORK] Theodore Weise, the president and chief executive of Federal Express Corp (FedEx), will retire in January, the package-delivery company announced. He will be succeeded by David Bronczek, the executive vice-president and chief operating officer. The move came as
        NYT  -  416 words
      • LOG Book
        • 82 46 Reuters [LONDON] Virgin Atlantic said it had launched a fere war with rival British Airway* by halving ticket prices on Its long haul routes. Chairman Richard Branson said Virgin's new feres were among the lowest ever across the Atlantic for this time of
          Reuters  -  82 words
        • 40 46 AFP ITOKYO] Japan's trading house Toman Corp and in the Philippines.*n» two Arms and CoUd control fecilities at five international and 15 domestic-flight airportsas weß aa Qve radio communication stations in the Philhmines. —AFP
          AFP  -  40 words
        • 40 46 AFP [TAIPEI] Taiwan carrier China Airlines' (CAL) latest offer from a NTSB.S billion (*****.l million) note issuance fecility (NIF) received a higher rate but remained popular with 1.7 times oversubscription, underwriters lIhIMHB 1111 ISP
          AFP  -  40 words
      • 1318 46 an FLIGHT ETA FUCHT CTD S***** IMS KZ4507 2350 jjjjjji mm m r sum zso lnuh mso uitsn zsss SO230 I860 MO IMS KL>4} MB MM ?W0 KW WW X WW MS $023 0705 $032® 2325 ft—dw COW 2045 COB OPS ms am* nrr« an mm2
        1,318 words
      • 59 46 [BEIJING] Visitors admiring the Ford P2oooHybrid fitted with the latest fuel cell technology at the International Electric Vehicle exhibition in Beijing yesterday. Ford Motor Company hopes to produce the world's most advanced fuel cells, which can power the vehicle with zero emission when hydrogen is stored
        AFP  -  59 words
      • 273 46 Reuters [ROME] Rome's main airport ran out of jet fuel on Monday, forcing the delay, cancellation and diversion of several flights. Officials said the problem could repeat itself in coming days despite an emergency fuel delivery to Fiumicino airport after supplies dried
        Reuters  -  273 words
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    • 416 31 Earthboimd for the new year RAGE 2 Future of Boeing 717 In jeopardy BACKPAGE riiSr «Yes, We Can"- Providing you with more than 90 direct ports of call I Singapore Pte Ltd EUROPE Fraquwey AUSTRALIA Frtqumcy FAR EAST Fmqwne* E.MALAYSIA F lIJII11| MIDDLE EAST Fraqumy CANADA Hamhurtr 2 x Weeklv
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    • 1210 32 I NORTH AMERICA I I EXPORT I I OTHER DESTINATIONS I SSX-SUPER SHUTTLE EXPRESS-DIRECT TO LONG BEACH WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) visa vor pnanprnsai lumskmi muas Ihokion oocmo law iw Imbkd orr rasa vot FTI ptaynzAtl xunu san ioomzo cmhmto n cmoma mwm mum tun OOaCMMIMU 4W543
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    • 664 32 Unas services represented l!^P lMmo ,h,R| O lll| y o Members ollhe w|ggpl/ Accredited Shipping Agents. Singapore Fright Forwarders National Shipping Assoc. Aaaodaton. IH ULY UNE MALE fvKStt I voy liu fls in P. KIAWC SPOtf MALI Princess Lily V 0999 22/10 23/10 03/11 Empress Lily V 0699 07/11 08/11
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    • 1033 33 TO EUROPE FROM EUROPE [rasa vot liwmi«■ mi MtY sou fit ia [vcsa voy Ikm anr ham miv sou fit ta mTI ■MS 532W 15/10 31/10 01/11 OS/11 06/11 NOiMMZONni 0241 25/09 22/00 23/0020/00 14/10 Miami 014W 10/10 03/11 OS/11 oi/1102/ll NY GHOUL 3201 23/00 25/00 20/00 22/00 10/10 HYOARON
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    • 1842 33 ®HANJIN SHIPPING iikPl tftMpl* -S* *****30 HAHWN SWPfWC (S| HI lIP MOONC *****35 237 S*LB *****24 231 DOQIMBfI *****7 274 OfHATXM *****50 251 MAUI UK *****55 fU: 222WM a M ils34rWMo* TO NW USA A CANADA ~USA fAftflfl/T mva/vor mm 5 l*mau./vot sa~| Iw Ea mi oi kp m nn
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    • 341 33 W BB V A BB A M A BB BB 1 M. W M Bfc M M A BB B M M »Bsa m. I msm I wrs [vpsa I Tyr jjml rq Bvssa wr flj in IO MIST 02W I l/l» I 02/10 I-I M/ 111 M/ 111 I
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    • 1357 34 DSR SENATOR LINES TO UK/CONTINENT TOMKUfIKKHANEANCANADA |«na WW aT l» una mm ham wn hj «a wr «w ur m fo» wx win HAKJN WUMIGTON MMW 1110 M.M MlO &1« M.ll M.ll Mil FATWM SENATt* MM 14.M JIM M.ll M.ll M.ll 13.11 MMUNONOA MMW MM M.ll nil *.11 *11 *11
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    • 792 34 Canlar Ml CQNTR LHIEI, MC ptouoMiik(R)Mmi 1 ~l\-/ J SOU: (064) ***** V MAMLA: (832) *****24 X PB4ANQ: (04)*****36 BANGKOK: (882) *****87 SURABAYA: (31) *****11 P. KELANQ: <03) *****77 JKT (21) <*****8 ICUCI WOO (081)*****1-3 DIRECT CONSOI. TOiGENOA MV "P ft 0 NED. FREMANTLE" V.95U ETA SIN: 19-10-99 Also occepting
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    • 530 34 pis EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO M. SMEW COLOMBO PKLANG TULSIOASVIIS 11 OCT ?1 OCT ZS OCT MOCT TARPON SILVER V.IMW 11 OCT MOCT C MOV 17 NOV CAPE CANAVERAL *11JW ZS OCT M NOV MNOV 14 NOV TULSOAS V.IIB J1 OCT FOR DRTDOCIUHG ONLY A VESSEL V NOV II
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    • 1610 35 VEBSEL vov khh hko sin pko poa pxb daam Iba wk PCL-5122 29/09 01/10 OS/10 06/10 18/10 1«/10 17/10 19/10 21/10 WAN TABATABAEI PCL-5123 00/10 08/10 12/10 13/10 22/10 23/10 24/10 26/10 28/10 •RAN SATTAIU PCL-5124 13/10 18/10 19/10 20/10 29/10 30/10 31/10 02/11 04/11 "J** PCL-8128 20/10 22/10 26/10
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    • 1164 35 Mft* to Mm MriMt ?1 ,a| mat_ I ip—Tl |vM PMM| I I SINGAPORE'S GENERAL AGENTS: SO ROMNSON RD TEL 226 1900 FAX: *****00 OUTWARD (l/l) "i«05IO^™!oHORIcBlcr™ —>— COSTAR SNIPPING Wl lID #12-00 sales/bkgs 420sssz/60 inward dipt (d/o) *****1s COSTAR AGENCIES (M) SMI BHD CR NO; **********0 M JjNGAfORE 0600
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    • 839 35 —omiiwwM IXPOKT I MWPORT HLi IffILLfILLM.IJHF.I Ji.l JWU iBL UflL IJNL IJL IJI, kaL I|Ll™ 1111 li ***** l fe ie *****111 ACOPtMS CAMOBIO 4 MOM; I) MM, BMHRMM MOHOM B MINNM MA NMI1) MTMV *M IMI TKAMSmOWC SWVICI EXPORT IMPORT H Sk 17% Sm ifljo poSSsm oooi KB Tifii
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    • 1375 36 EUROPEAIK^CAIIDIHAVIA^WUWD^USSIA SGP RDM ANW HBG THP ZEE LHV LHV THP ROM ANW HOG Pitt SCP E DIAMOND RW-910 17/10 04/11 11/11 00/11 00/11 09/11 I*ll E REACH REO2S 23/09 24*9 2S/09 14/10 IVIO E DELUXE RW-012 24/19 11/11 16/11 12/11 14/11 15/11 11/11 E. ROYAL RE-M4 29/ tO 2*Bo 3*09
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    • 691 36 PACIFIC INTERNATIONAL LINES (PTE) LTD N agggj Mfc 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I CB NO. **********06 I I|W«B >0T "6 m HI STB M M »Ml r»6 Ia I I HKIIRIIII] 405 13/10 14/10 24/10 11/10 3/11 */H 10/11 I tETJSm Ml 11/H -WW- n/16 L
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    • 405 36 56 TEL OK BLANGAH ROAD #02-62 CTOPORT COITRt. STORE 66*26 TEL *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W VESSEL VOYETA ETD DESTMAJKM UMMU IMB 15/1606 WlBtt PONTMNM 6MMJKWA 3MB IVIM6 16/1606 PMBBMRBm. MUIMMnOK HMMM MM 28/IM9 26/1 MS tMUYSIA/SUMATRAAAIJMANTAN PORTS MMUKWA Vim 23AIM 24/1 Ml FftLEMMG*"f«L
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    • 390 37 %M MYANMA PHMk FIVE STAR UNE (Myaaaar National Um) Logfag for Tn|m (Rqijooi) vessel vor siM pu rat pgu BUG TUNG 4W SID itum am su> MALAYSIA AGENTS: OOUSTEAD SMPPWG AGENCIES III: m (03) *****00 MIL IH (03) *****01 Kit m (04) *****02 NU: m (07)*****11/4 BANK LINE (A Mrvk*
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    • 1267 37 \hmn HYUN^^AERCHANIJMA£INICOj^tfD^^^^^^ IVBSa VOY ISM I SOU UN RIM ANT MAR MV W. IVBSR WT|SOU|tßl|H»|Alff|HAa|MV| B IM I ARNMANDRE 311W 14/10 01/11 04/11 03/11 04/11 UIOME 51* 14/09 25/09 19/99 21/09 13/10 MAS S32W 15/10 OS/11 04/11 31/10 02/11 NOI AAUZOMTE 0241 20/09 25/09 22/09 23/09 14/10 MXCYPRRE 014W 10/10
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    • 951 37 IWALLENIUS WILHELMSEN 10 NORTH AND LATIN AMERKA HEAVYIIFT SERVICE' |vissa vor ramp mm sw ux at mu sav bai orf ntc new moo TAMPA AHO7 400 Ink 6.3 M IMPORT 09/11 10/11 21/11 23/11 2S/11 S7TT a/11 02/12 00/ lI TALAOOT ANM 400 tan OJM 31/10 24/11 04/12 07/12 09/12
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    • 781 38 MNOKOK/mF TA PHUT/LAMM CHA»ANO] J AK A WT A/P Alt J AMO VESSEL VOY SIM BKK MTP LCH VESSEL VOY SIN JKT PJN TUAS EXPRESS 02N In Pt 17/10 GURU BHUM 151S In Pt 18/10 17/10 VAMTRA BHUM AA 312N 14/10 17/10 BANI BHUM 128S In Pt 17/10 2 KOTAHARTA
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    • 368 38 INDONESIA NATIONAL LINE TO AUSTRALIA ""1 RJU-CONTMNER 3MIWCE va Iwrl hk aTi m I no Im I mI m ivwr Iml ii/u u/u m/h »/n n/H m—imp lifcl "iyii «/y ii/i» k/i] »s/n HOMMIM lot I B/ii 11/11 IVII *4/11 It/11 MSUMI Iml Mioloi/11l |0//ll|oo/ll| nV"IFEEPER SERVICE TO INDONESIA Wl
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    • 714 38 |VES3ELS VOY I FW. I JH) I MLA S RTM MOM SOT VMXE DORION Y33W 14/10 15/10 24/10 (XVII 06T11 POrtl o«ni vmoEMMoe* wg wio iwio grg (gyii oyii oorn 11/11 urn wii MLLED6TAHYA T3<Wf 2BSK) 2BTIO QQH 11/11 17/11 Wll 2CTII gl/11 2VII VILLE 06 TAURUS A3*M QVII 06/11
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    • 64 39 FAR EAST EUROPE| FULL CONTAINER Direct Breakbulk/Container/LCL EXPRESS SERVICE Service to Turn To Pg 5 Manila/Guam/Saipan pfe* China Shipping (S) Agents: V-Grow Shipping Pte Ltd Agencies Pte Ltd See Page 7 Daily Wallenius Asia Oceanic Wilhelmsen Container Line New Europe To Weekly Service to MIDDLE EASTI Belawan/Sin/P. Klang S.E. ASIA
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    • 45 41 _Br (Retrieve more schedules!) Press "1" Select the port and key in SKI the four digit code eg: To New York (NYQ 2275 sr£) Key in your fax number I your phone number Another innovative service offered by C The document Will be Shipping Times
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    • 156 42 [SMHI > m w yj MltdlUlK Llm.Lfal Ifj'iL DfIMAM OGKAN inniNO AOBNGU DBHBi (FOREST PRODUCTS SERVICE) (Smb4o*i Servicr For lslwid Frnmntle Cxkoii Übnd) EUROPE SERVICE I **Aho rail other wwl Australia ports subject to inducfinftit WW SKN ail TMA VESSEL VOl SM CXI NM COS iuoin still* V3U sailed sailed
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    • 195 42 TOKUROM CHWA W. KUWOW «CTVtCt vnanwov xoo qoa ma hm mm nam wm ro. HANJIN GENOA 02BW ~03 OCT 06 OCT 07 OCT 11 OCT IS OCT jj ffgy WWV fiLUBSt 12 OCT 14 OCT 18 OCT 22 OCT 11 NOV 14 WOV HANJIN KEFLUNG 071W 17 OCT 19 OCT
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    • 142 42 rout Tits/ win sauwes: t tmm/vmwou SOUTH tOUWD VBSB I I tßam m nmmt whs u/iowm iviomM wkiwt woss 14/ it urn lymffl jbhiami lfcucai BWASWM HB 17/11 BMW 10/10 MOW niMiSWI WS 11/10 BMW H/lOMB BIMASMI WWS a/10 (MB) 71/10 own NOtTM lOUWD »pm wr SIM PQPMK pmu sum
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    • 628 43 SAMUDERA SHIPPING LINE LTD MAM UK/OUTWARD: 5J2 MM INWARD (D»h 437 23M MRTORT STATUS (1X0): 437 2371 INVENTORY (MO): 437 1420 Wb.it. bttp://www.MiaHMl«ra.«.a NO. **********0 D BOOKINGS LINE: 535 6266 (Celio/Jes»ka/M«< Chon/Jeslynn/Dora/Honim) inZHHKBSB S SLGS/WEEKLY 3 SIGS/WEEKIY IVKSft I SIN I JAR IviSSfL [vor SIN BKK fLOf) BKK (PAT) ttMcrnin
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    • 672 43 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO «G SJW I JKT SMI MW mc CM OOM NAI NYI Of SAV NEW UM MOM muchdbk/0351 11Z1Q.J1Z11 Mdi.J3ZI& JKILJim. W/1L .11/n JmiJtZll-a/ll-HnffiH MAI!/MS4 a/10 Ja/IL -JI/IL Jtt/11 -2fIZLL -IS7II 27/11 30/11 20/12 31/12 81/81 04/01 00/01 U/Ql 17/01 HotfiM dtm /0454
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    • 121 43 SHirflH6 WAKtHOtISIHG leteai: Singapore Loecfcng D«)y Men »Sn l BATAMINDO l/III) Accepting FnX?onvH*ional/Pro)CCt/HeaN> Lift Cargo Reefer Container BhKaa: Singapore Loading Men, Wod &Fn (BATAMINDO II) Acoeptwg RCLAZaiwwioniWqect A Heavy Lift Cargo W: 227 0322 Fax: 222 9330 leNeh* Sl*ph| Wmfcwshi Me Ud HESULAWS—BAPOHE/VETWAMSBMCE vissas vor ra et> dbtwajkw AM GUM
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    • 508 44 I VESSEL VOY SIN MAA SIN I TIGER PEARL 740N 15-16/10 21-24/10 29-30/10 TIGER SEA 741N 19-20/10 24-***** 02-03/11 TIGER BAY 742N 22-2310 28-31/10 05-06/11 TIGER ISLAND 743N 26-27/10 31-04/11 09-10/11 I TIGER PEARL 744N 29-30/10 04-07/11 12-13/11 TIGER SEA 745N 02-03/11 07-11/11 16-17/11 IVESSE^^^VO^^Sl^^CA^^Sir^^l TIGER CREEK 397CN8 13-14/10 20-26/10
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    • 769 44 FREIGHT LINKS EXPRESS Tel: *****11 Fax: *****77 E-mail: flesin#singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MANZANILLO SAN ANTONIO CEBU ISTANBUL MEXICO CITY SANTOS VALPARAISO IZMIR NHAVA SHEVA XINGANG PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING PROJECT SHIPMENT HEAVYUFT CARGO Bobby Lee *****71 b©bby#fle»in.com.sg
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    • 86 45 The advent of Information Technology and intermodal logistics solutions have dramatically changed the global logistics industry. In addition, Singapore is fast becoming the logistics hub of the region. To keep our readers updated. Shipping Times now features a full page on logistics on Thursday every fortnight with news of current
      86 words