The Business Times, 19 October 1999

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Total Pages: 44
1 44 The Business Times
  • 23 1 THE BUSINESS TIMES MITA (P) 046/12/98 85* S I N G A P O R E Internet: hltp://business-times.asial .com.sg/ TUESDAY, OCTOBER 19, 1999
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  • 59 1 □sn 1*146 (-67.80) n™ mM ***** (-24.63) JTlsmSCl FUTURES 11 277J0 (-8.30) STOCK MA1KET DIDK3BS Monday Change KLSEOOMP 71M9__-M9 NIKKEI I7J7S.3J -3*14 HAW SENG Hoed SET INDEX ***** -11*3 JAKARTA COUP fiMLSl -1171 MANILA OOMP —IJ99I5 -IS.48 TAIPEI WP1 7.74M9 -84.11 SEOULCOMP 8M» 46.38 CLSA CHINA B but
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  • 69 1 FWEX BATES DSI 8$ m 3 1.174 £(l'S$/S$per£) 1JN tM RWKHUS&Sf perE) 1MB lAI DM 1.718 t»i YEN 10$.9 1J&4 RH— 1809 9.441 HKS 7.779 121ft BAHT J9i5 0043 RUP1AH 7,880 0.021 •St to ICC until FUME BATES SINGAPORE* 5.80 IgliLA LUMPIIR 7.25 »kok:zz::Z::::::IM» FKWO KONG~Z ZL 81S M8BHL
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  • 571 1  -  Analysts expect Tibs share price to undergo major correction By< Christopher Tan [SINGAPORE] Bus company Trans-Island Bus Services (Tibs) and rail operator Singapore Mass Rapid Transit (SMRT) have unexpectedly called off their marriage plans. This leaves Tibs shareholders holding the baby, so to speak,
    Source: Bloomberg  -  571 words
  • 454 1  -  But vice-chairman rules ont immediate share bnybacks By Catherine Ong [SINGAPORE] The 7 per cent fall in DBS Bank's share price yesterday's probably represents a good "buying opportunity", said the bank's vicechairman and chief execu- tive, John Olds. However, he ruled out any
    454 words
  • 996 1  -  Investors spooked by the hnge overhang ofshares By' Teh Hooi Ling, Wong Wei Kong [SINGAPORE] Some $2.3 billion was wiped from Singapore Press Holdings and DBS Group Holding's combined $31 billion market capitalisation yesterday following the government's weekend decisions requiring two US
    996 words
  • 58 1 AFP [NEW YORK] Blue-chip stocks rallied by over 100 points in morning trading on the New York Stock exchange yesterday before selling snuffed out the gains and took the Dow Industrial below the 10,000 mark. By noon, the Dow was down 27.23 points at 9,992.48. This
    AFP  -  58 words
  • Page 1 Advertisements
    • 88 1 DfgPE BT Comment >EN BLOC J mm S ALE En bloc sale law for landed property, too? Pg 10 Top stories Cold Storage bags IMM hypermarket site. Pg 3 SIA hires banks to look into Sats, SIAEC listings. Pg 3 Ho Bee Investments' IPO details. Pg 4 Slower growth expected
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    • 18 1 fIPJJgS? These investments Bewmm the sure thing In life In Investment*. 001 our bumper 30-page Investing Supplement tomorrow
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    • 164 1 Thanks, but wait wAI this tunc, in this situation I choose not to qct involved in nvnli y in the election of president or vice president I will assume a political position when the people really need (me) 4) ,i" v Wii into 'Jh|n: IIIIJonPSI.I .'innnd !t)r< t i s
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  • NEXT page
    • ON THE grapevine
      • 117 2 BARELY 15 months into his job as chief executive of DBS Bank, American banker John Olds has become one of the most popular foreign bankers in Asia. Yesterday, at the World Economic Forum meeting, Robby Djohan, president and chief executive of Bank Mandiri, said the financial
        117 words
      • 65 2 Lunch What lunch SOME BT journalists have been getting these curious calls from companies reminding them of lunch, or changing a lunch appointment when in the first place no appointments had been made. We wonder if the "coincidences" are aimed at cutting into the schedules of journalists or just very
        65 words
      • 76 2 MALAYSIAN Transport Minister Ling Liong Sik was asked by reporters yesterday whether he would respond to criticisms about him in Harakah, the newsletter of the opposition Parti Islam SeMalaysia. Dr Ling, who is also the president of the Malaysian Chinese Association, said he could not
        76 words
    • 582 2  -  He calls on business to work with governments to help sustain growth By i Catherine Ong (SINGAPORE] The Asian crisis is over and East Asia is back in business, Prime Minister Goh Chok Tong declared last night as a
      582 words
    • 1357 2  -  Close aide says the armed forces chief is offering himself to all factions From' Yang Razali Kassim in Jakarta PRESIDENT BJ Habibie's candidacy for the presidential election tomorrow received a jolt yesterday when his preferred running mate, defence minister General Wiranto, gave the ruling
      1,357 words
  • Page 2 Advertisements
    • 38 2 B V LG A R I "V The new leather Two-handle hand bag in fine black calfskin with gold coaled turn-lock. From SS 1.000. Available in Singapore at Bvlgari, Hilton Hotel 737 1652 Takashimaya Department Store 735 6689
      38 words
    • 31 2 IMF would have been disastrous for M'sia: Mahathir, Pg 8 Japan recorwy best news for Asia: Fischer, Pg 8 S'pore, M'sia, Thailand should see sustained 5% growth: SG Sec, Pg 9
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  • SINGAPORE companies
    • 492 3  -  iiexclusive It is likely to team op with Xalaysiaii hypermarket operator Giant Reports by] Kalpana Rashiwala COLD Storage, which yesterday signed a deal to take over seven supermarkets from Royal Ahold here, is poised to bag the Job to run a
      492 words
    • 573 3 Royal Ahold to focus on its profitable Asian operations ITs official. Dutch supermarket giant Royal Ahold is selling its loss-making Tops operations in Singapore to Cold Storage and its China supermarkets to its partner. It will instead focus on its profitable Asian
      573 words
    • 695 3  -  They will remain SIA subsidiaries after IPOs, says CEO By i Conrad Raj SINGAPORE Airlines yesterday disclosed in its strongest terms to date that it was considering a possible listing of subsidiaries Singapore Air Terminal Services (Sats) and SLA Engineering Company
      695 words
    • 239 4 LISTED Amara Holdings has bought a row of six terrace shophouses in the Killiney Road area near Comcentre for a total of $11 million. The company said yesterday that its wholly-owned subsidiary, Creslin Pte Ltd, had exercised options to buy the freehold
      239 words
    • 531 4  -  ll*«i watcn Sources say shares at 40-50 cents each will raise net proceeds of $62m-s77m By] Kalpana Rashiwala MAINBOARD aspirant Ho Bee Investment plans to make a public offer of about 160 million shares at 40 to 50 cents each and the issue is
      FILE PHOTO  -  531 words
    • 182 4 Figure a useful indicator of economic activity SINGAPORE Telecommunications said yesterday that outgoing international calls in September rose 9.8 per cent from a year ago, indicating a recovering economy. International calls totalled 74.3 million minutes in September, compared with 67.67 million
      182 words
    • 714 4  -  I Mock siew neil behrmann STOCK markets could boom in the first quarter of next year. This may sound odd at a time when Wall Street and other global markets are going through the perennial bout of October nervousness. But here's the
      714 words
    • 341 5  -  CORPORATE irgffl ra Tnrnover rises 33% •n better sales of micro-floppy diskettes, CDs By\ Ling Su Ann [SINGAPORE] Data storage specialist Datapulse Technology yesterday posted a 51.5 per cent gain in net earnings to $14.56 million for the year ended July
      341 words
    • 772 5  -  MILLENNIUM COMPANY Sister company Keppel Marine unlikely to see next miiiAnninm in present form; parent has yet to decide its future as a liked firm By i Conrad Raj KEPPEL Land, the property arm of the Keppel Group and one of Singapore's biggest property companies,
      772 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 694 4 HOLDtNC&OtfK (Incorporated in the British Virgin Islands) ANNOUNCEMENT IS?!2I? < 5!SJ:.)!?« UNTARY CASH OFFER OFFER BY CAF£ HOLDINGS LTD (THE "OFFEROR") FOR ALL THE ("DEUFRANCE") F 1 EACH SHARES THE CAPITAL OF DELIFRANCE ASIA LTD Offer becoming Unconditional Overseas Union Bank Limited wishes to announce, for and on behalf of
      694 words
    • 174 4 iiim»t» In WwmghiwMi MCXJSTRIAI PARK f 1 The overwhelming success of Paya Industrial Park phase I& II sale has a lot for our last batch of factories, we are to do with the unique advantages of our throwing in a even bigger incentive our factory units. Superb frontage facing PIE.
      174 words
    • 72 4 FORD MOTOR CREDIT COMPANY U.S. $750,000,000 Floating Rate Notes due January 17,2002 to accordance with tie Terms and Condfcms of the Notes, the interest rate for the period 18th October, 1999 to Ifth January 2000 has been '«wd at 6.*****% per annum. The interest payable on 18th Jvwary, 2000 will
      72 words

  • Page 5 Advertisements
    • 525 5 Retail jewellery business with well located stores is offered for sale by private negotiation. Budgeted turnover AUD $8 million for this financial year Net operating profit in excess of AUD $1.2 million p.a. 4 Brilliant locations In Sydney CBD Leading Watch Brands Caters to domestic and tax free markets Immigration
      525 words

  • SINGAPORE markets
    • 259 6 Voiuw *0«HlnQliH 14,013.000 CMTotocom HK75C 7,148,000 AfltoFoodftPrapUSI 6,406,000 QE8 WILW20C 6,308.000 QoMtnAgriUSIOc 5,014,000 D680rp 5,506,000 MadtoCS USSc 4.477,000 E«oto Brand HUg«HK7Sc 4,448,000 Datapuisc 5c 4,364,000 TanChongtaBOc 4,251.000 088 Grp 96,566,442 3A„. 90,436,160 8PH 19,337,990 0C8C. *****,923 UOBForaign 17,180,320 aD«v60c 17,134,000 I— 16,427.900 KmlCorp 11,91*696 NMBW10C 9jB01,112 QESMLM20C 9,472.600 SMHup8ana10c 44
      259 words
    • 581 6  -  |comment STOCKS ven sreenivasan Already nervous over Wall Street, Singapore stocks suffered another case of jitters following the government's weekend announcement clarifying its position on single shareholder limits in bank and media companies. The benchmark Straits Times Index lost its
      581 words
    • 195 6  -  WARRANT WATCH By Ven Sreenivasan GK Goh Holdings' stock and warrant have been weighed down by the turbulence in the stock market and general decline in trading volumes. The share lost five cents to close at $1.32 yesterday, which is
      195 words
    • 247 6  -  HOT STOCK -By' Wong Wei Kong DATAPULSE Technology shares bucked the trend and finished higher yesterday when most shares fell on generally weak sentiment. The stock rose 5 cents to close at its day-high of $1.11 after having opened at a low of $1.01.
      247 words
    • 70 6 Tuesday, Oct 10 ♦8am. World Economic Fo rum's Bast Asia Economic Summit ♦10.30am. IRE Corporation launches initial public offer ♦10.80am. Compaq launches nonstop e-business solutions strategy in Asia Pacific ♦11am. Honeywell news conference to announce expansion plans ♦2pm. Closed-door meeting with Dong Jlufeng, president of Cosco Group
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    • 453 6  -  comment CURRENCIES Inden political developments phu CPI and Greenspan speech in US hold key larry wee THE US dollar ended mixed yesterday after early weakness across the board, against a backdrop of tumbling Asian stock markets. Traders said that the anticipation of several
      453 words
  • Page 6 Advertisements
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  • SINGAPORE news
    • 477 7  -  I Si 3 on the economy trade Analysts expect drop in Sept disk-drive exports to offset growth in other areas By. Audrey Tan NON-OIL exports growth probably slowed again in September, as a continued drop in disk-drive exports offset growth in other segments, analysts
      477 words
    • 253 7  -  Good response to first big launch after quiet Ghost month By] Marissa Chew ANOTHER 43 units were sold at Summerhill condominium's second phase launch over the weekend, bringing the total number of units sold to 144. The second phase saw
      253 words
    • 370 7  -  Man.wafl William Claxlon Managing Director iTech Ventures (S) Pte Ltd Singapore via Internet LIKE earlier publicity about the dangers of unvetted content, or Y2K bugs, the current media outcry over vulnerability to Internet hacking wrongly focuses on dire warnings rather than best practices. Vulnerability
      370 words
    • 215 7  -  It will lease 90,000 sq ft in the "vertical Silicon Valley' By' Teh Hooi Ling THE merged National Computer Board (NCB) and the Telecommunication Authority of Singapore (TAS) will relocate to Suntec City next year. Market sources said the new statutory
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  • Page 7 Advertisements
    • 39 7 E-mail: btletter@sph.com. sg You can email us at btletter@sph.com.sg, fax to us at *****71, or mail your letter to The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. Please give your full name, address and telephone number.
      39 words
    • 207 7 When you're busy ruling the earth, the future And above all, they'll create the kind of nimble, tends to look a lot like the past. market-facing organizations capable of leveraging Until an asteroid or the Bronze Age or the all resources people, process, as well as Industrial Revolution suddenly changes
      207 words

  • WORLD economic forum
    • 874 8  -  He defends Malaysian approach, blasts critics and market speculators By Vikram Khanna [SINGAPORE] IMF involvement in Malaysia during the economic crisis would have led to disaster, Malaysian Prime Minister Mahathir Mohamad said yesterday. In a polemical address to business leaders
      AFP  -  874 words
    • 517 8  -  IMF wants entire Bank Bali probe report published By' Vikram Khanna [SINGAPORE] There could be "no better news" for Asia than the prospect of an economic recovery in Japan, which accounts for more than half the region's output, said International Monetary
      REUTERS  -  517 words
    • 602 9  -  Jardine Matheson MD more sceptical about depth of Asia's recovery which has largely been doe to exports to the west By: Eugene Low [SINGAPORE] Powered by a strong recovery in the electronics industry, the economies of Singapore, Malaysia and Thailand
      602 words
    • 317 9  -  By< Andrea Tan [SINGAPORE] More mergers, greater transparency in management and globalisation are needed if Asian businesses are to ride the region's economic recovery wave, said Jardine Matheson director Charles Powell yesterday. "Asian companies should take advantage of and ride the Asian recovery wave,"
      FILE PHOTO  -  317 words
    • FORUM Briefs
      • 158 9 IS there a split between Asean members on whether the regional grouping should lead the DN foroe In BMt Timor? It would appear so from the answers by Thai Prime Minister Chuan Leekpai and his Malaysian counterpart, Mahathir Mohamad, to the queetfem
        AFP  -  158 words
      • 111 9 Reuters HONGKONG Financial Secretary Donald said yesterday he was comfortable with the pace and breadth of the territory's economic recovery, but added that it remained vulnerable to external shocks. "It has bean a very broad-baaed recovery... in the sense that ft is occurring now in the
        Reuters  -  111 words
      • 96 9 MALAYSIAN Prime Minister Mahathir Mohamad had a neat way of rationalising Bank Negenrs IRurn <m hanking consolidation. At a press briefly yesterday, he suggested that the Malaysian central hank had become more flexible on mergers because banks were, in fret, complying rather than complaining; "Now
        REUTERS  -  96 words
      • 81 9 THE constant advice to Japan on economic policy from US Treasury Secretary Lawrence Summers does not seem to be going down too wen in Tokyo. Or that was certainly the impression WRF participants got from the head of Japan's Economic Planning Agency, Taichi Sakaiya. "Mr
        81 words
      • 76 9  -  Vikram Khanna, Catherine Ong WITH the US slock markets taking a pummelling lately, one question is when to start buying. MIT economics professor Rudiger Dornbusch reckons a lewd 20 per cent lower than the current value of the Dow—or around <MXX) —is a good
        76 words
  • Page 8 Advertisements
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      141 words
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    • 13 8 GET LATEST TRENDS in CONTAINER SHIPPING FROM IN SHIPPING TIMES 19 OCT 1999
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  • Page 9 Advertisements
    • 76 9 INVESTING k IMOKIA Connecting People At the Orchid Country Club, you can not only pick-up golf tips by watching world class players like Peter Senior, Jarrod Moseley and some of the finest golf action in Asia. You could pick-up a great prize in the Nokia Singapore Open Grand Draw and
      76 words

  • FOCUS property
    • 732 10  - En bloc sale law for landed property, too l-i comment PROPERTY Principle of'majority will prevails' could be applied to landed property In fatnre lee han shih HOW long does it take before owners of landed properties can be compelled by law to sell their houses in en bloc sales? Under
      732 words
    • 624 11  -  The Killiney site consists of Devonshire Court, Palazzo Court and an adjoining plot of land By] Marissa Chew [SINGAPORE] FOUR sites for collective sale hit the market yesterday, including a large plot at Killiney Road, a stone's throw from Somerset
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  • Page 10 Advertisements
    • 448 10 COLLECTIVE SALE BY TENDER PRIME RESIDENTIAL SITE DUCHESS AVENUE Site Area Approx. 57,145 sq. ft. n Tenure 999 years P,ot at He '9 ht Control: 1.4 Up to 4 storeys TOP SCHOOLS VERY EXCLUSIVE. jrcojhg. 5 minutes walk to Bukit Timah Road, H ,Sd Coronation Plaza, Nanyang Primary 4)'/ School
      448 words
    • 285 10 COLLECTIVE SALE J1 LARGE, FREEHOLD RESIDENTIAL SHE NEAR HOLLAND VILLAGE Existing Holland View Condominium villagi Central location in District 10 sss Within 3 km of Orchard Road B3"" Large land area of 104,205 sq ft Plot ratio 1.6, up to 10 storeys u A<T~*v Freehold and elevated site U u
      285 words
    • 136 10 BQuiel(sfoek Real-tune Stock Information Portfolio Manager (Alert Service). ■VpjHp Stock no. in Business Tunes Lianhe Zaobao. 1900-913-0003 Cdtotf XMaiMnuM. (wNaetloMaSTV Add Marat 10< ourcharga fianuMtor card phona aooaaa. Thoaa batoo Kloiaafc parantt parmaaor For mart Mo or Is rooolva cai Enquiry Hodtaa on 740 2380 or Writ h>p:tNw>»jfcia hjtii jffjKneJl
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  • Page 11 Advertisements
    • 234 11 I Collective Sale I CUSCADEN TOWER I PriiM Freehold Residential Site I x l Sits Area: 3M12 sq D6P Plot Ratio 2ft up to 30-storay I Writing diatance to OrchartV kdflE/' ;l Scotls Road Shopping Belt •I Qoee proximity to Orchard J MRT station JHHI J Subject to Strata Tales
      234 words
    • 184 11 NEWTON COURT I Prime Reaidentiel Site I Site Araa: 38,340 sq ft SA q, I DGP Plot Ratio 2ft up to 30-atorey "tBT I S mins walk to Novana B I MRT Station P 7 I Subject to Strata Titles Boards 14 VV I Approval, if required I For further
      184 words
    • 332 11 Collective Sale by Tender FREEHOLD SITE AT DISTRICT 11 Ml vioikivi PROPERTY Double frontage to Mandalay Bhamo Road A Land Area: 4,047.5 sqm (43,567 sft) /$L Plot Ratio: Up to 2.8 /W "v Height Restriction: Up to 30 storey L X/ About 650 m to Novena MRT Station ""9/ \Jr
      332 words

  • EDITORIAL & opinion
    • 842 12  -  *7^l bottom line OPINION thomas friedman The writer is a New York Times columnist NYT IS this a story we will read some time in the next year? Hie Dow Jones Industrial Average dropped 1,266 points today after Amazon.com announced that
      NYT  -  842 words
    • 135 12 'Morgan Stanley thinks it is really going to be a game of segmenting the market going forward. They think you have to be able to cater to all segments of the wallet' Steve Galbnitk an analyst, on a decision by Morgan Stanley Dean Witter to offer all
      135 words
    • 617 12 EDITORIAL 0 one should have been surprised that the US Senate rejected the Comprehensive Test Ban Treaty. The signs that the treaty was to become an instrument for angry Republicans to politically bludgeon President Clinton were in evidence for some months. However, it was not
      617 words
    • 951 12  -  ESSI'JftWJ Economic crisis leads to about-face in official stand on foreign investment By) Park Donghyun The author is an assistant prqfessoratNanyang Business School, NTU ALTHOUGH Korea has been open to foreign capital and technology during its rapid growth since the early *****,
      FILE PHOTO  -  951 words
    • 1004 12 Dishonesty a lallKF DISHONESTY flourishes on the trail of the International Monetary Fund (IMF). Recently, there has been one revelation after another, showing how giant loans from the fund to Russia and Indonesia have lined the wrong pockets. This corruption has an intellectual counterpart, since the
      1,004 words

  • MALAYSIA news
    • 556 13  -  Investors will be allowed to own np to 49% of its enlarged share capital, says chairman From\ Eddie Toh in Kuala Lumpur MALAYSIA Airports Bhd (MAB), which will manage the ultra-modern Kuala Lumpur International Airport (KLIA) for the next 50 years, will
      FILE PHOTO  -  556 words
    • 359 13  -  From, Eddie Toh in Kuala Lumpur A Y2K testing plan went awry in Malaysia yesterday but analysts said there was no need to lose sleep over it. Maybank the largest bank in Malaysia sent a test memo to the Kuala Lumpur
      359 words
    • MARKET moves
      • 116 13 BANKING stocks surged after officials reiterated the government's flexibility towards a controversial merger plan to create six super hanks Malayan Banking Bhd (Maybank) was the most active issue, and ended 30 sen higher at 12.80 Malaysian ringgit per share yesterday. Dealers said Maybank remained a
        116 words
      • 99 13 STILL on bank mergers. BHL Bank surged 15 sen yesterday as investors took advantage of the stock's slide last week below a mandatory general offer price 0f7.31 Malaysian ringgit per share that Southern Bank will have to pay in an announced merger. BHL Bank shares
        99 words
      • 102 13  -  Cowpflwlhy Ruth Wong NATIONAL car distributor Edaran Otomobil Nasional Bhd (EON) lost 30 sen yesterday to end at 11.70 Malaysian ringgit on talk that a new distributorship deal with national carmaker Perusahaan Otomobil Nasional Bhd (Proton) could involve higher currency risks. EON is expected
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    • 273 13 KUALA LUMPUR MAYBAN Life Assurance Sdn Bhd, the life insurance unit of Malayan Banking Bhd, has made its maiden pre-tax profit of 23 million Malaysian ringgit (SSIO.I million) for financial year ended June 30, 1999, after six years of operations, The Star reported
      273 words
    • 581 14  -  flexible approach will ensure effective implementation, says minister From Ruth Wong in Kuala Lumpur MALAYSIA has shed more light on why a controversial plan to create six super banks had to be unravelled and promised there would be no layoffs in any
      FILE PHOTO  -  581 words
    • 162 14 KUALA LUMPUR AFP MALAYSIA has recorded a net portfolio cumulative outflow of 1.3 billion Malaysian ringgit (*****.5 million) since capital controls were eased in September, Second Finance Minister Mustapa Mohamed said yesterday. Mr Mustapa, quoted by the state Bernama news agency,
      AFP  -  162 words
    • 244 14 MELBOURNE New chief exec says BlL's some way from naming its target Bernama BRIERLEY Investments Ltd (BIL), which is controlled by the Malaysian Camerlin consortium, has started to buy shares in an unnamed Southeast Asian conglomerate. Its newly-appointed chief executive Greg Terry said he
      Bernama  -  244 words
    • 151 14 KUALA LUMPUR Bloomberg CITIGROUP Inc, the world's biggest financial services company, agreed to pay 75.3 million Malaysian ringgit (5533.2 million) for about 50 per cent of an office tower in Kuala Lumpur from Malaysia's Amsteel Corp. As part of the pact,
      Bloomberg  -  151 words
    • MALAYSIA Briefs
      • 54 14 AFP [KUALA LUMPUR] H>e judge in the sodomy trial of Malaysia's sacked deputy premier yesterday rejected defence requests to throw oat the case and ruled that Anwar Ibrahim must enter a deftoce. Judge Arifin Jaka also ruled that Anwar's Indonesian adopted brother Sukma Darmawan had a
        AFP  -  54 words
      • 81 14 AFP [KUALA LUMPUR] A Malaysian oourt yesterday rejected an attempt by a UN special rapporteur to strike eat a 80 million Malaysian ringgit(Sg36 million) libel salt again* him on the grounds he has legal immunity. The high oourt awarded coets against him. Insss Bhd
        AFP  -  81 words
      • 113 14 Bernama [KUALA LUMPUR] The trial of KFC Holdings (M) Bhd managing director Datnk lahak Ismail (right), who is accused of giving false Information to the Securities Commission, has been adjourned to March Sessions Court judge LimYeeLan adjourned the trial after Ishak's counsel, Tan Hock
        Bernama  -  113 words
      • 111 14 AFX-Asia [KUALA LUMPUR] Ekran Bhd said it plans to acquire a maximum 60 per cent stake in Site Capital Sdn Bhd by buying 30 per cent for 12 millkm Malaysian ringgit(Sß3 mill ion) in caah and another 30 per cent via a
        AFX-Asia  -  111 words
      • 77 14 AFX-Asia [KUALA LUMPUR] Bolton Bhd said it plans to reviaefhe "financial structure" for its proposed purchase of a 303 per cent stake in Magnum Corp Bhd. Bolton said in a statement that its merchant bankers are in the process of finalising the financial structure for
        AFX-Asia  -  77 words
    • 354 14 BUDGfcll.ll.Bll.l KUALALUMPUR Gall for regulations to ensure firms stick to core operations Bernama THE Associated Chinese Chamber of Commerce and Industry of Malaysia (ACCCIM) has proposed that Malaysian-listed companies be regulated in such a way that they do not spark off a property bubble. In
      Bernama  -  354 words
    • 154 14 KUALA LUMPUR AFX-Asia TELEKOM Malaysia}, Bhd said it is not ruling out the possibility of partnerships with international\telecommunication companies to strengthen its position in the global market, New Straits Times reported. It quoted chief executive Mohamed Said Mohamd All as saying that
      AFX-Asia  -  154 words
  • Page 13 Advertisements
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  • Page 14 Advertisements
    • 135 14 "ggggfgp fig Your search. Yes, a developer's search for an ideal land parcel to build a highrise luxurious apartment j 1 development. And why not Amber kv Road Where else could you land I. yourself a red hot deal that will surely I p make your competitors green with envy.
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  • SOUTH east asia
    • 591 15 JAKARTA 90% in survey expect stocks to plunge if Habibie wins Reuters GRIPPED by political uncertainty and fears of civil unrest, Indonesian stocks and the rupiah currency are expected to plummet if President BJ Habibie retains power on tomorrow, analysts and traders say.
      Reuters; REUTERS  -  591 words
    • 552 15 MANILA Both Ayala unit BPI and Metrob&nk wooing shareholder Sahara Bank Reuters THE Philippines' Ayala Corp said yesterday it had bought a 20 per cent stake in Far East Bank and Trust Co for 9.9 billion pesos (Ss4lo million), setting the
      Reuters  -  552 words
    • 293 15 BANGKOK AFP THAI banks in setting their interest rates have followed legions of street vendors and shopowners across the country who practise a "two-tier" pricing system, one for Thais and another for foreigners, according to reports yesterday. Thais depositing their savings receive interest
      AFP  -  293 words
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      80 words

  • EAST asia
    • 286 16  -  Seduction would have saved financial institutions NTs2Bb From, Macabe Keliher in Taipei TAIWAN bank shares resumed their slide yesterday to fall nearly 3 per cent as investors sold in disappointment over the government's decision not to reduce a business tax which
      286 words
    • 452 16 LONDON The biggest problem is the nation's large population, he says Reuters, AFP CHINESE President Jiang Zemin vowed yesterday to focus on economic development and open China wider to the outside world, but said his biggest problem was the country's large
      Reuters,; AFP  -  452 words
    • 244 16 BEIJING Bloomberg CHINA said it will negotiate solutions with foreign companies that invested in the nation's Internet industry in violation of a ban on foreign investment. The question of foreign participation in the industry was plunggft into confusion last month when Beijing notwithstanding
      Bloomberg  -  244 words
    • 157 16 BEIJING Reuters WEAK demand for capital and deflation in China have produced an opportunity to liberalise interest rates and the government should seize it, a senior economist was quoted as saying yesterday. "An extremely good opportunity for liberalising interest rates has arrived," the Beijing
      Reuters  -  157 words
  • Page 16 Advertisements
    • 201 16 Each h fin Experience 2 I Urban excitement at Singapore Artful charm and elegance at Sbab Atom Rocking nightlife at Kuala Lumpur ,le at Highlands Sun andmrfingat Pleasant airport hotel arrangements at Kuala Lumpur International Airport Sepang ...find llle Invite lou To Be Part Of It No two Concordes are
      201 words
    • 90 16 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Rahamag Sanifia Full nomihee, management, corporate secretarial and 'professional administration services arc available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
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  • SOUTH asia
    • 445 17 TOKYO They say without procedures and a timetable, country may lose aid Reuters JAPAN, Islamabad's biggest aid donor, together with the US and Britain called on Pakistan's new military ruler yesterday to set clear procedures and a timetable for restoring democracy in
      Reuters  -  445 words
    • 305 17 NEW DELHI Reuters AT least 44 Indian industry sectors, including automobiles and cement, have reported moderate to strong year-on-year output growth in the first half of 1999/2000 (April-Sept), a survey by a leading industry body said yesterday. The survey
      Reuters  -  305 words
    • 304 17 ■KARACHI AFP PAKISTANI stocks, which went into free fall after last week's military coup, steadied yesterday as the market digested a confident policy address by the country's new leader, General Pervez Musharraf. The Karachi Stock Exchange-100 index closed up five points, or 0.4 per
      AFP; REUTERS  -  304 words
    • 192 17 NEW DELHI Reuters INDIAN Finance Minister Y ash want Sinha has said he will soon decide on lowering the government's majority holding in state-run banks, the Business Standard newspaper said yesterday. "I am going to take a policy decision in this regard.
      Reuters  -  192 words
  • Page 17 Advertisements
    • 10 17 C'ODAY®***** lianhe laoftao h w±affs«ii «^«IT» S'4 3 Kijflfl mm
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    • 63 17 v, nil I Vl^L— Wake up to the world. i It's critical to know about global trends before they make an impact locally. The International Herald Tribune spots the early warning signals and points out the opportunities and the risks. Straight and to the point. Pick up your copy right
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  • WORLD news
    • 559 18  -  Unstable US markets fan worries over derailing of Japan's recovery From, Anthony Rowley in Tokyo TOKYO stock prices plunged 1.9 per cent yesterday in the wake of Friday's major sell-off on Wall Street, provoking fears that, as one senior government official put it, contagion from
      AFP; Source: Bloomberg  -  559 words
    • 425 18 SYDNEY At Asl6b, the float is Australia's biggest, world's largest one Reuters THE Asl6 billion (5517.5 billion) float of a further slice of Australian telecommunications giant Telstra Corp Ltd was buffeted by a weaker Wall Street at its launch yesterday. The instalment
      Reuters; REUTERS  -  425 words
    • 262 18 SEOUL AFP HONGKONG-BASED investment firm Regent Pacific Group is to buy a controlling 27 per cent stake in South Korea's Haedong Fire and Marine Insurance Co for US$3O million (5150.2 million), Haedong officials said yesterday, "We are going to sign a
      AFP  -  262 words
    • 425 20 FRANKFURT Merger expected to be announced in January or February next year FT DRESDNER Bank and Bayerische HypoVereinsbank, Germany's second and third largest private sector banks, are moving towards announcing an agreed merger within the next few months, according to bankers familiar with
      FT  -  425 words
    • 411 20 UTOKYO AFP THE president of US auto giant General Motors Corp said yesterday it would be difficult for his firm to complete talks on a key alliance with South Korea's Daewoo Motors Co this year. GM, which already has a stake
      AFP  -  411 words
    • 299 20 LONDON Media mogul said to be warming to Opposition leader FT WILLIAM Hague, leader of the Conservative party, has been given a boost in his campaign to keep the pound after a positive meeting with Rupert Murdoch, proprietor of the influential tabloid
      FT  -  299 words
    • 498 21 NEWYORK USs2.44b earnings make it firm's second-best quarter ever Reuters CITIGROUP Inc, the No 1 US financial services firm, yesterday said quarterly profit more than tripled due to a rebound in securities trading from last year's depressed levels and steady growth in
      Reuters  -  498 words
    • WORLD Watch
      • 62 21 Bloomberg [NEW YORK] Salomon Smith Barney Inc, the fourth-biggest US securities firm by capital, posted a US$432 million (5|723 million) third-quarter profit, recovering from a loss last year caused by tumbling corporate and emerging-market bonds. The profit from operations at the Citigroup Inc securities unit compared
        Bloomberg  -  62 words
      • 83 21 Bloomberg IKINGSPORT, Tennessee] Eastman Chemical Co, the Jwggest maker of plastics used in soda bottles, said it will I,2oojobs, or 7.5 per cent of its workforce, as part of a plan to immediately trim annual costs by US$2OO million (*****.8 million). Eastman said about half
        Bloomberg  -  83 words
      • 59 21 Reuters [DEARBORN, Michigan] Ford Motor Co yesterday reported third-quarter earnings rose 11 per cent to US$l.ll billion (Ssl 9 billion), a record for the period, driven by strong results from its core North American automotive unit It posted earnings of 90 US cents per tally
        Reuters  -  59 words
      • 84 21 Reuters [JOHANNESBURG] South African diamond giant De Beers yesterday said it aimed to cut its working stockpile of diamonds to between US$l.5 billion to US$2.O billion from US$4.6 billion at the end of last year. De Beers last week announced a shift in its
        Reuters  -  84 words
      • 72 21 Bloomberg [ROCHESTER, New York] Eastman Kodak Co. said third-quarter profit climbed 17 per cent as sales rose for a third consecutive quarter, putting the world's biggest photography company on target to end a two-year sales skid. Profit from operations was US$466 million (Ss7Bo million),
        Bloomberg  -  72 words
      • 80 21 Bloomberg [MORRIS PLAINS, New Jersey] Warner-Lambert Co said third-quarter profit rose 38 per cent on sales ofLipitor, the No 1 US cholesterol drug, and Neurontin, an epilepsy treatment. Net income rose to US$4l7 million (*****.7 million), or 47 US cents a share, from US$3O2 million, or
        Bloomberg  -  80 words
    • 219 21 NORTH CAROLINA Bloomberg BANK of America Corp, the nation's biggest bank, said third-quarter earnings more than doubled on higher fees and lower expenses arising from last year's merger between Nationsßank Corp and Bank America Corp. Net income rose to US$2.l5 billion (553.6
      Bloomberg  -  219 words
    • 499 21 PARIS Consumer electronics maker to raise 453.8 m euros Bloomberg Reuters THOMSON Multimedia, the world's fourth-largest consumer electronics maker, will sell 17.3 per cent of itself to the public in an initial public offering, raising up to 453.8 million euros (SsB26 million),
      Bloomberg; Reuters  -  499 words
    • 1049 21  -  l-ll exclusive I will do what the ministers instruct me in Seattle,' says Mike Moore By D Ravi Kanth [GENEVA] Mike Moore may head what some say is the most powerful organisation in the world. But when it comes to the
      1,049 words
  • Page 18 Advertisements
    • 103 18 The result is a global custodian that combines innovation with reliability. V What clients need is a global custodian that can I provide both new product technology and efficiency. O 8 resources are Q ne that can timely, accurate information when they need it, how they need it, where they
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  • Page 19 Advertisements
    • 74 19 I IB Blanc paiN SINCE 1735 THERE HAS NEVER BEEN A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL BE. The Trilogy GMT Watch Ref. No: 2250-1130-71 Inspired by nature's three vital elements, Blancpain has created a new generation of timepieces: the Trilogy. I *ww mm i jl -f^. iySj <sBP^
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  • Page 20 Advertisements
    • 1403 20 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 FHTK HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Members of the Company will be held at 9.30 a.m. on 4 November 1999
      1,403 words
    • 314 20 NOTICE IS HEREBY GIVEN that I, YAP KEN YONG of 11 Paya Lebar Walk Singapore *****1, have applied for a Public House Ist Class Licence (Extended) in respect of M/s Shifu Cafe Disco Pub Pte Ltd located at 1 Pasir Ris Close, NTUC Lifestyle World Downtown East, Singapore *****9, and
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    • 1062 20 NEW SIN VIET TRADING PTE LTD (In Vol. Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Cap. 50) that the Final General Meeting of the Members of the abovenamed Company will be held at the Office of M/s Wee Seng Tiong Co.. 1
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    • 982 20 IN THC MATTER OP TH€ COMPANICS ACT, CAP. JO AND IN THC MATTROr but u»«ji» iHimwo m m (In Mambart' Voluntary liqindotion) Al an Extraordinary Ctntrol M—Sag of Aa ofcowromJ Company ddy commnad ond hald al 2 Ho»»iock Rood #07-07 Apollo CtnM, Smgopora *****3, an Ao IS* Odobar 1999 o»
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  • FINANCE & commodities
    • 268 22  -  HI fa tm Reports MSCI Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market suffered a heavy blow yesterday, following news that two foreign fund managers have to trim their respective stakes in DBS Group Holdings and Singapore Press Holdings to adhere to stipulated
      268 words
    • 175 22  -  MSCI Taiwan Mm Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures lost ground yesterday foUowing the Taiwan government's rejection of a cut in bank operating tax proposed by Taiwan bankers. There were also worries about the US equity market,
      175 words
    • 256 22 ENERGY REPORT Reuters [LONDON] World oU prices moved sideways yesterday as dealers took stock after two weeks of huge price swings. World benchmark Brent blend crude oil futures was trading 12 cents down at U5522.38 a barrel by early afternoon on London's International
      Reuters  -  256 words
    • 328 22 AFP, Reuters Tiflmtflw THE US dollar trimmed losses from two-week lows against the yen and rebounded against the euro as concern about US stocks was temporarily put aside yesterday as the Dow Jones Industrial Average opened higher. A drop of 2.6 per cent in the Dow on Friday
      AFP,; Reuters  -  328 words
    • Article, Illustration
      1112 22 DTTERBAJTS CROSS RATES Oct 18 FTr B» W Wh **uk 1m W ID >8Wh N 1$ tmi *T% M* Hmt tt$ t*"* W A!2 t Sl 1,58 1004 27,28 ***** 0676 7750 2 t265 33.389 26.022 1071 1964 0.940 20.4*3 252*4 0286 0444 55,1 4 J- 2 5220 29.130 52.939
      1,112 words
    • 1669 22 SICOM fUTURBS Oct 18 MKI Mm dMh| m «t IMpa) OM MM opm WO Jig Uw »*tt (t—w) M*wt 104.75 900 Mc99 106.75 1200 J" 00 110-25 100 NkOO 12.19 100 ISS3C0lfT«ACT(UScMti/ka) V«lMM OpN Mwtt W» f Wtt Ct—w) Mftrt 6225 075 OK 99 NJ0 U.7I (ITS 190 2275 iMOO
      1,669 words

  • STOCKS east asia
    • 363 23 AFP □WPW« J4J3 TAIWAN shares closed 1.1 per cent lower yesterday on heavy selling of financial stocks after the finance ministry decided not to lower business tax for banks, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 84.13 points to 7,745.26, on turnover of NTJ75.3 billion. Cooper
      AFP  -  363 words
    • 198 23 AFP, Reuters P Shanghai B Index -OJ9 SHANGHAI'S B shares closed down 1.7 per cent yesterday in response to declines on the parallel market of locally traded A shares, analysts said. The Shanghai Stock Exchange's B Share Index, which tracks shares nominally reserved for foreigners, lost 0.69 point to
      AFP,; Reuters  -  198 words
    • 1870 23 TOKYO AFP □ljikka22s -***** SHARE prices in Tokyo fell 1.9 per cent yesterday as investors took profits on high-techs and banks following a major setback on Wall Street last week, brokers said. "Drops in New York share prices mattered the most," said Yukio Takahashi, an
      AFP  -  1,870 words
  • Page 23 Advertisements
    • 72 23 The Hongkong stock market was closed for a public holiday yesterday and will reopen today EAT'S A SUNDAY Yummy ideas for eating out on Sunday The New Paper Fastads, every Saturday. n #n tsstsms MOTORING every Thursday •Montblanc Boutiques: Ngee Ann City §01-34. Raffles City *01 37A. Far,igr>n §01 IX
      72 words
    • 24 23 Chairperson OR CHAIR SALESPERSON? f^> a IfTr il 11 #1 .il J 1 tp* To fill your vacant positions, just call 1800-741-1883. ThcStraiteTimew iiammiw
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  • STOCKS klse
    • 7450 24 Cmmmt pnMi 1*99 Last Vel Day Nel Cap hm> l— ci—mv ttm ■ooo m» u» p/t >hi 440 2SS AJlnomoto 310 unch 1 310 310 19.7 125.6 174 46 Angkasa 93 -9 49 96 92 137.1 404 220 ApoUoFoodH* 316 -4 7 318 310 7.5 126.4 294 115 Ber|ayaLend 171
      7,450 words
    • 327 24 AFP CI Composite ladei -5J9 MALAYSIAN share prices ended 0.8 per cent lower yesterday as investors kept away after Wall Street's slide last week, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 5.89 points to finish at 715.29 points, off an earlier
      AFP  -  327 words
  • Page 24 Advertisements
    • 39 24 Fast and accurate Real-Time market data via the Internet V Dynamic updates throughout the day Powerful Real Time charting and technical analysis over 30 indicators I Userfriendly interface and fully customizable layouts Flexible pricing plans to suit any budget
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  • SES clob & regional stocks
    • 2994 25 BONDS A WARRANTS Oct 18 ■t Ml 1*1 U M Last »«t Oay LmUmIi luaae Cm* I* taM Mka mm Lot Mm n«|in Mi «er- I'M*) Lot Mk> Priae MhlW Mca (%l la* 104 6* I 3160 A Acer ******1 US$ 35 *5 15 35 34 34* 35 311 1
      2,994 words
    • Article, Illustration
      783 25 AFP Q SET Index -12J3 THAI share prices closed sharply lower yesterday, shedding 3.3 per cent in thin trade pressured by falls in regional markets after Wall Street plummeted last week, analysts said. Upcoming third-quarter results of banks and finance firms also induced a note of caution in the
      AFP  -  783 words
    • 279 25 AFP Q Madia -15.48 PHILIPPINE shares closed lower yesterday on renewed fears of a possible rise in US interest rates, brokers said. The Philippine Stock Exchange Composite In<}ex fell 15.48 points to ©lose at 1,999.15. Volume dropped to 889 million shares worth 8.8 billion pesos.—AFP w Hw *f- mm
      AFP  -  279 words
    • Article, Illustration
      699 25 AFP Q Composite Index -14.71 INDONESIAN share prices closed 2.6 per cent down in thin trade yesterday in line with regional falls and with political jitters on the rise ahead of the presidential election here, dealers said. A dealer with Lippo Securities said the market was quiet as players
      AFP  -  699 words
    • 293 25 AFP Q Wellington -3M3 NEW Zealand's share market plummeted 1.9 per cent yesterday in reaction to a heavy fall on Wall Street last week. A day before the anniversary of the 1987 Black Tuesday crash, the NZSE-40 Capital Index slid 39.63 points to close at 2,066.49 on turnover of
      AFP  -  293 words
    • 560 25 AFP QAU Ordinaries -66J AUSTRALIAN shares plunged 2.3 per cent yesterday to its lowest point this year, brokers said. The benchmark All Ordinaries Index shed 65.9 points to end at 2,796.4. The All Industrials fell 114.4 points, or 2.3 per cent, to 4,800.5, while the All Resources Index dropped
      AFP  -  560 words
    • 291 25 AFP P Composite lain -3138 THE Korea Stock Exchange Composite Index closed down 36.38 points at 826.25. Volume stood at 265.7 million shares worth 2.8 trillion won. AFP Oct N Wm VMMM, *090 -090 Brain Tacfl 1995 -15 Central Bank 2729 109 ChaM Com" ***** -2700 OaaCuBank_ 4000 -230
      AFP  -  291 words
  • Page 25 Advertisements

  • 4730 26 MAIN BOARD Transaction date: Oct 18 >t«. c a; <•£>, X 5 3m ?!2?i^a5r=& 7ed 5 M5 109 «S V a 2 E M' 5 1277 SZS^K^ISSE 5 5 6466 475 5 <*-5 <7 15 9 ***** 320 133 mb 1053 MawlSrCorp 273 -3 1 273 273 273
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    • 44 26 flrtf Multiply your wealth. w[ The Equity Investment Account from Citibank. hi mm J Gives you credit to invest in shares and interest on your positive balance. jb flHf y What better way to multiply your money? j WBBSBHi J wh tre monty lives'
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  • EXEC lifestyle
    • 546 27 PEOPLE McLaren's exhibition helps him find his position in the post-punk world Reuters (MAASTRICHT, Netherlands] "Where are the crates. Don't tell me they didn't deliver them or I'm going to kill somebody," shouts Malcolm McLaren to no one in particular. The designer of "anti
      Reuters  -  546 words
  • Page 27 Advertisements
    • 196 27 Where to wine, dine and entertain...^ 1 <»> a— Ml sss I r Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. $22 (Adult) $15 (Child) for 4to 5 persons $20 (Adult) $15 (Child) for 6 persons 8C above For reservations, please
      196 words
    • 33 27 II 1 I^S® HOTEL ORANO CENTRAL UMITED 22 Orchard Road/Cavenagh Road, Singapore *****7 Tat*****44Ext400/02 Fax:*****75 HfeJpS V.I r- HMBBTVanH Western, Spanish lIHMIH nAoyu&iPin PPiK*antonese American TeochewJJapanes e .Mexican Mongolian lndl^i„ ia Hainanese fa//f
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    • 29 27 Advertise in Wine, Dine Entertain of The Business Times. Contact Patrick Ang at 740 1284, I I Amy Choo at 740 1559, or Shirley Lee at 740 2290 now.
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    • 67 27 1 tißsßiiif \l Mil *t**i .Jl I Wday §pgcial kineh Mgnuv T $4.50 per Mwith fK6-QlolGg.q( one coflw/ieajor soft drink J j j I fAashroom and Chicken Noodle •I vC (§oup/E)ry) II x —y i c- MaeSrooK j T>rice rndudes service Charge and U I reJevani (xvemroenl Tax if/ I
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    • 34 27 cJh 26 OCTOBER L&A veritable X treasure trove of exotic Turkish cuisine, r-, culture craft. The Belvedere te (4th floor, Main Tower) I itSJfS Orchard Road. Smppore *****7. M: 737 4411 Fat 732 2361
      34 words
  • Page 27 Miscellaneous
    • 953 27 yft CBYPTIC CROSSWORD mm hk —h —vhf ——IHF —BB 7 Betray and defeat industrial workers (4£) 8 City tour arranged around fli 10 Reunites anew when hungry P I I 11 J 11 Pretext for offering pardon (6) r __JML__Bß___PM__PH 12 But don't spend all your mon- I 13 There's
      953 words

  • KNOWLEDGE economy
    • 882 28  -  Knowledge-based culture involves both a top-down and a bottom-up approach, reports bdobme low EUGENE LOW CREATING a knowledgebased culture within an organisation is difficult, and most knowledge management projects fail to create significant value, says Patrick Lambe, the British Council's business development manager. Knowledge management (KM)
      CHRIS LOH  -  882 words
    • 549 28  -  By* Anna Teo ALL this stuff about knowledge management (KM). Isn't it a load of big words, typical management-speak, that's nothing more than blather and useless theorising? That's one (not too uncommon) response to the relatively "young" field that has emerged with the
      549 words
  • Page 28 Advertisements
    • 112 28 Mmf SM powers the biggest M and best |flf 0 U Web sites I I*^s1 mm —'nTinn nTfuiirc —I Th e biggest and best Web sites use Oracle MC* fIHM I From Amazon, com to Yahoo!, thcmost popular Web sitre depend on Oracle's ability to Hl9 1H /1/1/7 f m
      112 words

  • SHIPPING TIMES
    • 242 29 toe we u *t w CWT Distribution 124 0.01 Omar Hup 134 -0.08 2378 Coaca Invastmant—1.05 -0.06 10 rrMMLMo ojo -o.oi we G( Holdings 0.83 -0.01 IS Hal Sun Hup 034 -0.02 1*4 IMC HMtafi-HK MO unch 0 JayaHaMngi OM -0.02 126 Jarona SNpyarP 730 Mich 94 KappaJCarp
      242 words
    • 404 29  -  Recent hikes in bunker charges another example of rate-firing SNSC By Marcus Hand [SINGAPORE] The Singapore National Shippers Council (SNSC) sees recent emergency bunker charges by groups of shipping lines on different trades as yet another example of rate-fixing, and is backing
      404 words
    • 212 29 Reuters [AUCKLAND] New Zealand port company Ports of Auckland said yesterday that cargo volumes rose 3 per cent in the three months to Sept 30, despite increased competition in the Auckland market which saw a slight drop in container traffic. Container volumes fell one per
      Reuters  -  212 words
    • FOCUS kawasaki kisen kaisha
      • 814 30 Japan's No 3 shipping company expects to beat first-half and meet full-year earnings forecasts Bloomberg [TOKYO] Kawasaki Risen Kaisha Ltd, Japan's thirdlargest shipping company, should beat its first-half forecast as profit from container and car shipping more than offset losses from shipping oil and higher
        Bloomberg  -  814 words
    • 187 30 PACE 0>ak Uoyd 8 ACL 6 Dongnama 3 aml 3 ECU Line 6 i Accord 8 ECL Append* 5 6 Austral 8 Fooo Sun 8 BaiaiiShpg 5 GU fc 4 Gemartrans 6 B5A 7 B'tang Mas 8 7 en 7 3 Heung-A 4 CM* 8 Hyundai 7
      187 words
    • 19247 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vnid Voyage Telephone ETA ETA Advertiser VmmI Voyage Telephone SIN Destn Name Name Number Number SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire To CALCUTTA (CCU) 2062 India 29/10 OS/12 Setramar VILLE DE CAPELLA 29SW 65-*****33 27/10 02/11
      19,247 words
    • SHIPS IN PORT
      • 652 40 Voy No Berth Arrival Departure Jvm« Part 37 JOS 8/10/1:55 »/W»:00 AUG 99 J8 18/10/3:00 8/10/23:00 W MAY-99 J12 18/10/6 55 20/10/15.00 W AUC-99 J17 18/10/7:35 W/10/23^» M Ci Mra3 ***** J01 8/10/8:15 8/10/23:59 ***** JOt 8/M/8.05 18/10/23 59 ••■"I NHR12 JI7 18/10/9:20 19/10/600 50 J22 18/10/7.-50 21/10/8:00
        652 words
      • 1934 40 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booking/Mane* Rstls Ship Voy *o Etb/Btr Parted From To Fro* »a nmocus 030* a/aoo a a«w a/aw a/aoo U 17/1700 a/0659 a/0900 a 17/iToo amw amoo I B/07W B/189 WMOO 4 B/BOO B/MW B/I7W ALAMJATA 2 09*71 20/15:00 a/800 a/MW
        1,934 words
      • 188 40 Oct 23 Thailand: Chulalongkorn Day. Oct 28 Ireland-Republic OF: October Hoi iday. New Zealand: Labour Day. Taiwan: Restoration Day. Oct 26 Austria: National Day. Oct 28 Greece: Oxi Day. Nov 1 Philippines: All Saints Day. Nov 3 Japan: Culture Day. Nov B Brunei: Meraj. Nov 6 Indonesia: Ascension
        188 words
      • 789 40 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars Instead of 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
        789 words
      • 466 40 Carton 160 Mu 991.1 12 17.0 0.M 74 044 Oct 14 Dooity Hater NsMm Ask AlaaMoa iiteiit Mo Mom £25 t 1 8 0 0 0 300 Am 969.5 0.4 ai 0.06 29 0.02 In 300 Mu 995.5 0.9 16.1 0.08 58 0.04 »M/M %M/» MM
        466 words
    • AIR & LAND transport
      • 262 41 Bloomberg [MANILA] A Federal Express (FedEx) cargo plane overshot the runway at the Philippines' Subic Freeport and plunged into the bay, officials said yesterday. The plane's two crew members were rescued from Subic Bay and treated for minor injuries at a hospital and released, said
        Bloomberg  -  262 words
      • 400 41 EMERGENCY LANDING IN HE Authorities informed of injured passengers only when China Southern Airlines plane landed AFP [HONGKONG] Hongkong civil aviation authorities are to investigate why they were not informed that passengers aboard a Chinese aircraft had been injured by turbulence until
        AFP  -  400 words
      • 581 41 AFP [TOKYO] Japan's Nissan Motor Co Ltd yesterday said it will shut down three plants and cut 21,000 jobs in a dramatic effort to grapple with huge losses. "Nissan is in bad shape," said the company's new number two, senior Renault
        AFP  -  581 words
      • 372 41 Demand recovering after plunge in value of rouble Bloomberg [MOSCOW] Aeroflot, Russia's state-controlled airline, said it carried more people in the first nine months from the same period in 1998 as passenger traffic began to recover from last year's plunge in value of the rouble.
        Bloomberg  -  372 words
      • 1531 41 an FLIGHT ETA FUCMT no MM* MIJM 1930 8A7382 2055 M"i>i SOW? 1530 S0990 0105 ortl 1930 0FI2 2055 6«M«zftM $0803 1905 C2354 0910 AM229 2230 CZ351 2045 S0004 1020 1*6380 2230 HmmI VN741 1310 VNT40 MK 5022? 2230 VN743 1925 Untirta KIS43 0435 KLS44 0040
        1,531 words
    • CONTAINER ASIA 99
      • 259 42 SHOWCASING the latest port equipment, technology and services, Container Asia 99 represents a significant gathering of industry stakeholders. The rise of port and terminal privatisation around the globe, shipping line and terminal operator alliances and the rapid development of new technology has meant a rapidly evolving
        259 words
      • 1500 42 The regional economic crisis was forecast to impact growth in container traffic volumes worldwide, but in reality this was not the case at least not for the top 100 container ports. Although slightly down on the 10 per cent-plus growth figure erf the previous year, the 8.3
        1,500 words
      • 669 43 The world's largest and busiest container port gets ready for the millennium bug. Article contributed by PSA Corporation. At the world's busiest container port, over 40,000 container boxes are moved each day amounting to over 15 million container boxes a year, or 10 per cent of
        Article contributed by PSA Corporation.  -  669 words
      • 775 44  -  By coupling information with time definite execution, companies can streamline their supply chain to better compete in the global market. Article contributed by David Smith director of Strategy and Alliances, Electronic Commerce and Customer Service for FedEx Asia Pacific. There are two truths in today's world: first,
        AFP  -  775 words
      • Article, Illustration
        477 44 In an industry fraught with risk, shipping companies are constantly on the look-out for new opportunities to reduce this risk. FEW industries can claim to face more risk than shipping. First, there is the natural hazard of the sea itself, and then there is a variety of complex
        477 words
  • Page 29 Advertisements
    • 473 29 wimwj The Singapore Shipping The Singapore National Association (SSA) and the Shippers' Council (SNSC) Society of International and Netherlands Foreign A two-day seminar Law (Singapore) are Investment Agency are on "Supply Chain jointly organising a organising a seminar on Management Technigues" one-day seminar on "Logistics Strategies for will be held
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  • Page 30 Advertisements
    • 790 30 I NORTH AMSRtCA ft [SUPER SHUTTLE EXPRESS (BSX) [QULF KARACHI EXPWMB (QKX) rasa sn tw WUMO vtssa vot dm mm kwt «a m qm nunc s* ooauuratNu 30w530 m/oo 17/10 10/10 NYICASTM 13W540 M/ 10 24/(0 M/ 10 POO NBUOTD OtMOCO OX 00/10 00/10 10/10 11/10 11/10 10/10 11/10 M/
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    • 717 30 Lines services represented by Members ol the Registry of UV2Hm| Accredited Shipping Agents. Spore National Shipping Assoc Members ol the Singapore Freight Forwarders Association ULY UNE MALE I VESSEL VOY ETA Titt fIW P. KLANC SfOtE MALI Princess Lily V 0999 23/10 26/10 05/11 Empress Lily V 0699 09/11 11/11
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  • Page 31 Advertisements
    • 1065 31 I SAX SERVICE (DIRECT) VBSa VOT situ lAX I OAK I PAL HOU Qi cot »e* lah lure AfinWOUOBf VOL 04/10 21/10 26/10 26/10 2t/10 26/10 2t/10 20/10 27/10 27/10 ah sardonyx 01 g 13/10 2>/io 02/11 02/11 02/11 02/11 02/11 02/11 Hn7n~ "m^TT" ATtTORttAIM 02* 20/10 04/11 00/11 W/ll
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    • 1950 31 ©HANJIN SHIPPING Ik Pi t IfcMrtlM nw7» HANJW SHIPPING (S) PTE LTD llmp am MOUIK *****35 737 SALES *****74 731 DOCUMBn *****71 774 OffUIKMS *****50 751 MAIN UNI *****55 FAX ******0 CI NO 11 SMtWWON TO NW USA A CANADA USA f AHIWT ~S*v£7v6y rarpi iminaix/voy su~~| m* ni [~~pm
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    • 77 31 ACCEPTING ICI CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG. FOR ENQUIRIES, PLEASE CALL 220 8558 WORLDGATE EXPRESS LINES PTE LTD Tel: *****11 Fax: *****73/*****63 Email: w9ate©mbox2^ngnetcom.«fl Calcutta fChlttagong iPORT LOUIS 29/10 Karachi Tiaplli|iy COLOMBO 22/10 Madras ggEll vjhk CALCUTTA 23/10 Colombo* W ■CHITTAGONG |24/io~ Port Louis DHAKA, >CP [24/10"
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  • Page 32 Advertisements
    • 1494 32 DSR-SENATOR UNCS TO UK/CONTINENT TO MEDITERRANEANS ANAPA vessel voy sm ieh htm urn ham obv fu vessel vw aw Gff sit ros wx mtb HAMJM MALTA OOKW 1111 It 11 Mil (711 Mil Mll 1111 OSfl AMERICA 0033W 7111 1711 M.ll 1111 1311 Mil TRADE ETERNITY 0023W 2211 1211 13
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    • 874 32 WIAM MAC-NELS S PORE M'SIA j Carrier: MN CONTR UNES, MC P. GUDANG: (07) *****26 l~ JvZ V** J NO **********0 C SIBU: (064) *****9 MAMLA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P-KELANG: (03) *****77 JKE (21)*****46 KUCHXG (062) *****1-3 PORT KLANC PINANG MV "MED
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    • 574 32 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO S PORE N SHCVA COLOMBO P KLANG TARPON SILVBt VIOSW 11 OCT 2* OCT #2 NOV 17 NOV CAP£ CANAVERAL V 113W 25 OCT 02 NOV M NOV 14 NOV TULSIOAS V.III II NOV FOR DRYDOCKING ONLY A VESSa V. 02 NOV 11 NOV TARPON
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  • Page 33 Advertisements
    • 1656 33 [vessel voy khh hkg sin PKO PQB DXB' pmm Iba BIN IRAN SATTARI PCL-5124 13/10 15/10 19/10 20/10 29/10 30/10 31/10 02/11 04/11 IRAN BAAKERI PCL-5125 20/10 22/10 26/10 27/10 09/11 00/11 07/11 09/11 11/11 IRAN TEYFOURI PCL-5126 27/10 29/10 02/11 03/11 12/11 13/11 14/11 10/11 18/11 IRAN SHAHRYAR PCL-5127
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    • 1135 33 Dir»d Colls to Kebt (6 Dayj) J Nagoya (7 ftoys) Tokyo Doys)J I SINGAPORE'S GENERAL AGENTS: 80 ROIINSON RD TEL 226 1900 FAX: *****08 OUTWARD (B/I) COSTAR SHIPPING PTE LTD #12-00 saiis/ikgs 420SSS7/60 inward dipt (O/O) *****85 COSTAR AGENCIES (flft) SDN BHD CR NO: **********011 SINGAPORE *****8 CONVENTIONAL *****50/55 T/SHPMT
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    • 962 33 EUKOPE EXPRESS SIEVtCE EXPORT I IMPORT rasa |WT Ij*_IUHIPIIMB I up I WY I Hi |VB» Ivor |m turn IHi IMI T~si siiiigttiiia!- iiiiiiiii kuwim UMon 10t not o nan. m»wb. ■oscoh $r hiikhk vm ma a «nw* vm in TRANSPACIFIC SERVICE EXPORT IMPORT visa I vot g la oa
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  • Page 34 Advertisements
    • 1248 34 fl rimAnf 1W AAtuniiitiiia nui auitakiiaitia I EUROPEAJK/SCAUDtMAVIA/FIMLAMD/HUSSIA I SGP ROM ANW HBG TUP ZEE IMV LHV THP ROM ANW HBG PKL SGP E. DELUXE RW-012 24/10 11/11 16/11 12/11 14/11 15/11 16/11 E REPUTE RE-821 17/11 08/1B 88/1B 10/10 12/10 31/10 01/11 E. DIVINE RW-887 31/10 10/11 24/11 20/11
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    • 870 34 =A OI ADVANCE CONTAINER LINES (PTE) LTD TEL: *****21, FAX *****19. TELEX RS ***** ACLPL KM ftOOKINOS 3222 &AUS **A«KniWO *****2120 OPERATIONS: 2212HU *****06 CR MO. **********0E IAWOKOK tow—OWttT" JAKARTA a MIwAMI VtSSR VOV SM NOC VESSa VOY SM JKT KOIARAINA(RM/LCH) RNAI6I 19/10 lue 22/10 Fn UAOHE IUTCII Oil 10/
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    • 420 34 59 TCLOK BUNGAH ROM) «C 42 CmPORT CENTRE STORE MBS TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W Vtssa VOY CT* E7D OESTWUION ttmxm 37» 24,1 MS 2VIMB OALMMRMTOK UMMUI 1301 2VIMS 24/1099 PONTMNM WMHM IMUrSIA«UM«JBU«MMUaAN PORTS Fof e*4«k«w and bookings plus* contact SEASPACE SHIPPING (S)
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  • Page 35 Advertisements
    • 442 35 MM MYANMA wBBk FIVE STAR LINE (Mynaof Natioaal Li««) loading for Yaagoa (Raigooa) VESSEL VOT SIN KL KN NU KING TUNG 4W SLO SAGAJNG 02W SID MALATSIA AGENTS: OOUSTEAD SMPPMG AGENCIES RUL TH (03)*****00 PRI: TH (03)*****01 r9t TH (04)*****02 PGlfc TH (07) *****21/4 BANK LINE (A tw»ic« A»4r«w Wtw
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    • 1243 35 HYUNDAI MERCHANT MARINE CO., LTD. Ivcsa wriswisou|uH|rai|Mff|HMi|wv|iE| |*ssa vot sou |uh it Mff ma wv m aw moras oi4w 11/10 03/11 m/ii m/ii 09/11 not us oni 01/10 01/10 M/w a/of 20/10 MTOARON 322W 21/10 01/11 13/11 10/11 11/11 BM 55H 27/09 02/10 39/10 30/09 21/10 noi am oitw 22/10
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    • 1001 35 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERKA "CAR ROM HEAVYUFT SOVKZ* IVESSa VOY RAMP HEIGHT SIN UX CKL MA uv I raj Inn me mm taiaoot AHM wo Um 6.3* "Wio" "S7n" (fiTTF ~vfJ\T oo7TF" 7T7ir II7IT~ "u7n~ *****" Ti7fir TAMPERE AMO9 400 Um 6JM 11/11 09/12 10/12 21/12 23/12
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  • Page 36 Advertisements
    • 1806 36 lANOHOK/ MAP TA PHUT/ LAEM CHABAMO JAKARTA/PAN JANQ VESSEL VOY SIN BKK MTP LCH~~ VESSEL VOY S4N JKT PJN ANAN BHUM A 135N In Pt 23/10 LIAOHE* 013 In Pt 23/10 ULABHUM 127N In Pt 22/10 23/10 22/10 BANI BHUM 129S 20/10 24/10 NAWTA BHUM" 466N 20/10 23/10 24/10 GURU
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  • Page 37 Advertisements
    • 53 37 m NEW BREAKBULK SERVICE mjMM&ni fInHgQHHBj For Complete Schedules Information See PACC CONTAINER LINE Turn To Pg 5 on 5 FR. MEYER'S SOHN iMflllWl SPECIALISTS IN Dedicated Forest/Paper Machinery EAST MALAYSIA products Heavy Lift Service Container Project Crosstrade Turn t 0 pg 14 every Mon/Wed/Fri Details See Pg 4 HUB
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  • Page 39 Advertisements
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  • Page 40 Advertisements
    • 85 40 Wr' m 4 S -'I V*: Plßj^ ■tf ■P& > «r 1 Sir^,< The Shipping Times now features a full page of logistics news on Thursday every fortnight. Current trends, latest developments with specialist writers providing expert analyses and giving you valuable insights into logistics companies that make a difference
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  • Page 41 Advertisements
    • 414 41 y^CinSingap A two-day, practical workshop on (~§gg=?Supply Chain Management Techniques Learn Tested Supply Chain Management Techniques that work! 27th-28th October 1999, Concorde Hotel, Singapore WHO SHOULD ATTEND? V* ce Presidents, Directors, Managers, Analysts, Project Managers, MIS/IT Directors and M CTCU all Professionals who are involved in. Align Product Flow through
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  • Page 42 Advertisements
    • 385 42 Mj^^H At BP MARINE we never stop We added a new contract called Fixed PHoe Heaale free arrangement centralising the To find out more about Fixed Price Physical or looking for ways to expand what Phyeloel (FPP) to our existing range of term whole transaction behind a single point of
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  • Page 43 Advertisements
    • 144 43 Did you know... ...the TT Club insures over of the world's container fleet ...the TT Club insures over 3250 freight forwarders and NVOCs ...the TT Club is a mutual and is run for the benefit of its members ...the TT Club insures 1725 port and terminal operators worldwide ...the TT
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    • 84 43 Your ideal solution to instant storage space Rafngarate Call us now for further enquiries FtMnr CONTAINER SPECIAUST PTE LTD 30 Old Toh Tuck Road #05-05 Sembawang Kimtrans Logistics Centre, Singapore *****4 Tel: (65) 438 5200 Fax: (65) 438 5211 ERMEWA (Singapore) Pte Ltd 46 Peck Seah Street Heritage Court fIV
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  • Page 44 Advertisements
    • 128 44 TANKCONTAINER SYSTEM .Bulk Logistics... F sis. JS WvvJ V nXfV M I, »i J iJjW^BMBjMM^B! dfln|| «*PV-r—■•. >«.•-. We tailor our concept to your product, handling and transport requirements. Tank container with capacities from 600 litres to 32,000 litres. IMDG 2, IMDG 3, IMDG 6.1, IMDG 8, IMDG9 Heating system,
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    • 133 44 em Singapore FREIGHT/AMS Delivers Integrated Facilities for Freight Forwarders/Custom Brokers including exchanging of vital EDI Shipping Documentation messages and e.commerce. MARINER/AMS Provides Shipping Companies/Liner Agents with a powerful Vessel Crew Management facility PORT/AMS Allows Port Authorities/Harbour Boards to control and monitor their operations including the management of integrated EDI messages.
      133 words