The Business Times, 21 October 1999

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Total Pages: 46
1 46 The Business Times
  • 16 1 THE BUSINESS TIMES MIT A (P) 046/12/98 85* SINGAPORE Internet. nitp:/7business-times.asial .com.sg/ THURSDAY. OCTOBER 21, 1999
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  • 55 1 JMMB (+42.27) BT-SEI 77L15 14.71) Wednesday Change KLSEOOJfP TSUI 1J! NIKKEI 17JS4.71 ****** HANG SENG 1J.498J6 +364.43 SET INDEX JI9.lt *43 JAKARTA COUP —***** *78 MANILA OOMP —1917 JJ +27.01 TAIPEI WP! 7.666.64 21» SEOUL COUP 839.99 ♦1928 (USA CHINA B ***** +&11 AU8T ALL OIO—£823J9 +43J9 Noon
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  • 78 1 Ask sates US* 81 is®——: \m MS$/5Speri) IJ71 im Et/BO(US$/SSperE) 1.075 1JK DM 1J12 0 m YBf 1M4 1J7J* KM UN 0.44® HM 7.771 tilt BABT ,»17 1.043 Ruma 7 m <uw* a •SttolOOante 'Stlomimks nnauns SDWHFORE* 5.80 KUALA LUMPUR 7.25 JAKAKIA 40.M BANGKOK 10.00 MANILA J 11.00 BONOKDNO
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  • 573 1  -  Quantum of effective discounts likely to be lower than previous 42% From Eddie Toh in Kuala Lumpur UNITED Engineers Malaysia (UEM) is expected to sweeten its offer for frozen Malaysian shares previously traded on Clob in Singapore, with higher values accorded to
    573 words
  • 741 1  -  Serves notice that he is resolute in defending Indonesia's sovereignty From Yang Razali Kassim to .AzAtzrto INDONESIA yesterday elected a new president, Abdurrahman Wahid, who wasted no time to demonstrate how he would rim the country. As soon as he was sworn in, President
    Source: Bloomberg  -  741 words
  • 761 1  -  Jkn Wong Wei Kong, Siow Li Sen [SINGAPORE] In a longawaited move, the Monetary Authority of Singapore last night announced that it has awarded the coveted Qualifying Full Bank (QFB) privileges to ABN Amro Bank, Banque Nationale de Paris (BNP), Citibank
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    • 90 1 IMSIDE Top stories MAS explains order to sell DBS Bank shares. Pg 4 Ministry of Manpower to cut foreign worker numbers. Pg 8 Singapore's new image as funky town making George Yeo "very uneasy". Pg 9 Bank Negara endorses Dr M's call for banks to find own merger partners. *9
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    • 17 1 Indon funds unlikely to flow home soon, Next Page Oar Das profile, Next Page Reaction, Pg 3
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    • 82 1 SIAS says Telekom pullout disturbing, Pg 4 imPx ||Y'"._ -B3 Available at: <S> Cortina Watch Centre SINGAPORE Cortina Watch Centre Pte Lid RatVes City #01 -36 Tal: 339 9185 Fax:339 1566 Lucky Plaza #01-32 Tel 734 3666 Fax: 736 1873 MMenta Wak #01 -63/54 Tel 339 1728 Fax: 339 3458
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    • ON THE grapevine
      • 108 2 ONE would think such a large margin of error unlikely in this day and age of computerised accounting and management information system. First A V Jennings, the Australian subsidiary of JC-MPH, said it had over-reported its earnings by a cumulative A 512.5 million (5513.6 million) in the past
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      • 133 2 IT seems the advertisements by US brokers marketing their online trading facility have become so outrageous that the regulator there has had to tell some of them off. According the Euart AP Glendinning, executive director at Morgan Stanley Dean Witter Europe, the "ads by us and
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      • 85 2 GRAPEVINE just heard yet a tale about how the French central bank has been losing its battle to stop the financial industry from moving to either London or Frankfurt. One US outfit, worried about losing its traders' status with the central bank, left its trading office intact with
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    • 353 2 AFP [JAKARTA! Riots rocked the Indonesian capital yesterday after the national assembly elected ailing Muslim leader Abdurrahman Wahid as president, enraging followers of his popular rival Megawati Sukarnoputri. A car exploded near the heavily-guarded People's Consultative Assembly (MPR) after it elected the
      AFP  -  353 words
    • 279 2 His election marks start of national reconciliation: PM PRIME Minister Goh Chok Tong and Senior Minister Lee Kuan Yew have expressed their "warmest congratulations" to the new Indonesian president on his election. In a letter addressed to President Abdurrahman Wahid, Mr Goh
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    • 345 2 INDQNmiE* Analysts expect the rich to wait for sips of political stability Reuters [SINGAPORE] Billions of dollars Indonesian businessmen sent to safe foreign havens during the country's political and economic crises are unlikely to flow back in significant amounts immediately after the presidential
      Reuters  -  345 words
    • 1034 2  -  Cabinet line-up will be influenced by need to accommodate those forces that help him win presidency From Yang Razali Kassim in Jakarta Abdurrahman Wahid, or Gus Dur as he has always been known, is never a man in any hurry. Very relaxed by temperament,
      AFP  -  1,034 words

  • INDON polls
    • Article, Illustration
      675 3 'For the sake of national unity, I call on all Indonesians to accept this situation.' Defeated opposition leader Megawati Sukarnoputri in a brief televised speech after the vote 7 very much respect Sister Mega (Megawati), because even though she knows lam frail, she never used it (against
      REUTERS  -  675 words
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      340 words

  • SINGAPORE companies
    • 617 4  -  It explains why it has to reject US fond manager's application to hold more than 5% tf DBS Byi Catherine Ong A SENIOR Monetary Authority of Singapore (MAS) official said yesterday its move to order a US fund manager to sell down its
      FILE PHOTO  -  617 words
    • 329 4  -  Former partner ITEM'S strength appears'weakened' ty' Wong Wei Kong TELEKOM Malaysia's decision to pull out of its joint offer with United Engineers (M) Bhd (UEM) for Malaysian shares formerly traded on Singapore's Clob is "disturbing", said David Gerald, president of the Securities Investors
      329 words
    • 303 4  -  But warrants come under heavy filing pressure, fills 18% By Ven Sreenivasan TIBS Holdings' stock price held up rather well yesterday, going against analysts' and brokers' prediction of another day of bloodbath following the scrapping of its merg- er talk with rail operator Singapore
      Source: Bloomberg  -  303 words
    • 295 4  -  Causes Non-accrual of interest on NPLs, losses on foreclosed properties By Carol Eng DBS Thai Danu Bank (DTDB) lost more money in the third amount in the previous corresponding period. DBS Group, which controls DTDB, attributed the poorer operating performance to
      295 words
    • 751 4  -  HOCKIMJIUMW wong wei kong WHEN the Monetary Authority of Singapore (MAS) outlined its response to private sector recommendations on boosting the bond market recently, what really caught the eye was not so much its acceptance of several proposals but what it was prepared to
      751 words
    • 381 7 Move aimed at boosting its chances of managing some of GlC's funds Reuters TEMPLETON Asset Management Ltd, one of the largest US fund management groups, set up a global equity and fixed income team in Singapore yesterday, boosting its chances to manage a
      Reuters  -  381 words
    • 148 7 GMG Global's general offer for Electro-Magnetics Ltd closed yesterday with acceptances for 94.7 per cent of the company's issued shares. Other than these acceptances, GMG and parties acting in concert with it do not own any EML shares. Given the 94.7 per cent
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    • COMPANY Briefs
      • 86 7 CWT Distribution Ltd (CWT) has signed a Memorandum of Understanding (MOU) with Leschaco Pte Ltd on a joint venture to develop and operate a state-of-the-art chemical logistics centre on Jurong Island. CWT sees growing demand for comprehensive logistics services from the robust chemical industry. The new
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      • 112 7 PANPAC Media.com said subsidiary Panpac E.Media Pte Ltd last week bought 143,000 shares ofSso.so each in Singapore-incorporated roomz e-Publishers Pte Ltd for 1100,000 from Frans Gerard Bouman and Hilda Loe Kwee Eng. roomz provides online interactive directory assistance and information on travel-related services carried on
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      • 106 7 AFX-Asia Yongnam Holdings Ltd said the Jurong Town Corp has rejected its proposal to sell its waterfront property in Senoko Way to Liang Beng Engineering and Machinery Pte Ltd. The property would have been sold at a price close to its book value of $4 million,
        AFX-Asia  -  106 words
    • 394 7  -  exclusive JV will offer surfers easier access to Chinese script sites By[ Conrad Raj ONE of China's leading internet search engines, www.goyoyo.com, is looking for partners to set up a joint venture in Singapore to enable Internet users to gain easier access to Web
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    • 288 7  -  Panel expected to generate wide range of ideas, help improve services By\ Siow Li Sen DBS Bank is setting up a customer advisory panel to help improve its services and promises that the panel would not be used to deflect complaints. Elsie Foh,
      FILE PHOTO  -  288 words
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  • Page 5 Advertisements
    • 700 5 MUVOTOMCFEJUUE Own apiece of history H Or simply feast your eyes on thefabulous jewellery, timepieces and art Fo Dog table-clock, Cartier Paris, 1928. i i JwH r«iowQou,min«<?. rock crystti, onyx, objects in the not-to-be-missed Cartier Tradition exhibition-and-sale. Cartier. A name that resonates demonstrating how nature, history and with history and
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  • SINGAPORE markets
    • 227 6  -  WARRANT WATCH By\ R Sivanithy SOME weeks back, we featured nil-paid rights on Want Want Holdings warrants. At that time, the exercise price of the warrant was not known and so all we could do was make assumptions and guesses.
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    • 463 6 Stocfca Volume Golden Agri USlOc 33,000,000 Am FoodAProp US$ 31,000,000 'Gentinglnt 19,396,000 Medteca US5c 11,757,000 CM Telecom HK75c 11,420,000 T1BSWW0 10,092,000 Asia Food WI02 7,192,000 GES kill Ltd 20c 6,940.000 RdyKUSIOc 6,901,000 SingTel 15c 6,139,000 Stocks > DBSGrp 50,759,363 SPH_ 30,691,592 0C8C 27,564,500 UOB Foreign 23,721,736 C*yDev50c 22,327,442 KeppelCoip 19.428.268
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    • 560 6  -  i comment STOCK MARKET r. sivanithy LOCAL stocks went some way towards regaining ground lost earlier in the week when recoveries in SPH (Singapore Press Holdings) and DBS yesterday helped the Straits Times Index rise 42.27 points to
      560 words
    • 261 6  -  HOT STOCK By Wong Wei Kong INTEREST has been building up recently in Fraser Neave and the stock finished among the biggest net gainers yesterday. F&N shares closed up 15 cents or 2.5 per cent at $6.25. The stock opened at its day's low
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    • 115 6 Thursday, Oct 21 ♦9am. Press briefing on IT, communications media clusters ♦i.3opm. Standard and Poor's mortgage-backed securitisation media briefing ♦spm. Parkway Holdings announcing latest development in the healthcare group ♦6.30pm Aberdeen Asset Management Asia Ltd official opening of its new office United fltitu Waahinitoni 8.30 am. The
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    • 553 6  -  I :j i comment CURRENCIES Markets' next move likely to hinge on who becomes vice-president larry wee ASIAN forex players witnessed quite a roller coaster ride yesterday on the Indonesian front. The overnight confirmation that President BJ Habibie, the less than popular incumbent, had withdrawn from yesterday's
      553 words
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    • 179 6 LEI is the meeting and incentive planners' answer to making sure that meetings, incentives, conventions and exhibitions take off in the Asia Pacific. Find out all you need to know about a destination, source for the right suppliers and partners to make your event a phenomenal success. From 26 October
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  • Page 7 Advertisements
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    • 142 7 NCB Intelligent Island Public Lecture SBlHfchfcfc' I mL VI %L rM W I WITH And Chief I Hf m. m Microsystems The way companies operate in the new millennium will change as the Networked Economy takes hold in every country. Corporations will need to MONDAY rethink their IT strategies and
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  • SINGAPORE news
    • 468 8  -  $9b level crossed; strong Q3 manufacturing output growth seen By& Audrey Tan NON-OIL exports grew 6.8 per cent year-on-year in September, which likely propeUed third-quarter manufacturing output to strong double-digit growth. Figures released by the Trade Development Board yesterday show that non-oil exports
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    • 762 8  -  CONSTRUCTIONS By 2006, projects can only take 70% of the current ratio; skills level to be improved Reportsby Marissa Chew COME 2005, construction projects in Singapore can only employ 70 per cent of the number of foreign workers they now do. This recommendation was
      762 words
    • NEWS Roundup
      • 37 8 The Urban Redevelopment Authority (URA) yesterday sold all 22 conservation shophouses at Tanjong Pagar at a public auction yesterday. Prices for the 99-year leasehold properties ranged from $1.07 million to $1.67 million.
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      • 109 8 SENIOR Minister Lee Kuan Yew leaves thu morning for a week's visit to South Korea and Hongkong where he will meet President Kim Dae Jung for the first Hnw and also deliver speeches at two key events. Mr Lee will be a key
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      • 110 8 [SINGAPORE] National Computer Board chief executive Michael Yap issued a warning yesterday, saying that investors ought to be cautious when they put money in companies that provide IT services. Speaking at a Vickers Ballas seminar, he advised investors to keep up with industry movements and not
        110 words
      • 65 8 A major maker of automated controls, Honeywell, said yesterday that it will set up its first Asia-Pacific research and development facility in Singapore, four months after it relocated its regional headquarters here from Hongkong. At a press briefing, the company announced plans to
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    • 170 8 THE Singapore Institute of Architects has taken the first step to establish a research centre for the construction industry. SLA president Tham Tuck Cheong said the association has sent a proposal to the Economic Development Board for ftmding assistance to start a Centre for
      170 words
    • 629 8  -  i comment TECHNOLOGY Stock market Investors have been Indiscriminate kenneth james YOU would expect someone who's made his millions through the Internet to sing the praises of this wonderful new business medium. Not hedge fund manager James J Cramer, who also cofounded the
      629 words
    • 437 8  -  It also explains why request for external auditor was rejected By' Teh Hooi Ling THE Telecommunication Authority of Singapore (TAS) yesterday disclosed that it used two methodologies, including one proposed by Pacific Internet, but arrived at the same conclusion that Singapore Telecom did
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    • 336 8  -  By Marissa Chew BELLE Vue's collective sale, the largest freehold site sale in the prime Orchard Road area, was launched yesterday and is expected to draw strong interest from major developers. Asked if any developers have already indicated interest,
      FILE PHOTO  -  336 words
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  • WORLD economic forum
    • 432 9  -  By. Andrea Tan HONGKONG'S financial market will have an edge over Singapore in the next five to seven years but Shanghai will be a force to be reckoned with thereafter, Morgan Stanley Asia chairman Jack Wadsworth said yesterday. Hongkong has the advantage of
      432 words
    • 447 9  -  Sapachaionhowto mafca MBg—faM Round a success By Vikram Khanna THE interests of developing countries will have to be addressed if the proposed "Millennium Round" of global trade talks in the World Trade Organisation (WTO) are to have any chance of success, according to Supachai Panitchpakdi,
      447 words
    • 596 9  -  Man.war. Fong Yong Kian Director (Taxation) Ministry of Finance Singapore I REFER to Kenneth James' article "Start-ups seek stock options help" (BT, Oct 18). The finance ministry supports incentives to help technopreneurship succeed. However, the incentives must be based on sound taxation principles. Mr James writes
      596 words
    • 582 9  -  He urged the media not to exaggerate changes, risk disappointment By Catherine Ong SINGAPORE'S new image as a funky town is making George Yeo, the minister most responsible for reviving arts and culture in this city, "very uneasy". In an off-the-cuff speech, BG
      SIEW YAW HOONG  -  582 words
    • 564 9  -  Experts see weaker yen, dollar; euro rates rising By 1 Vikram Khanna JAPAN needs a weaker yen, the US needs a weaker dollar, and euroland is picking up, with euro interest rates set to rise. The result: The euro is
      564 words
    • 395 9 Bank governor says it's an independent institution Reuters [SINGAPORE] Indonesia's central bank governor Syahril Sabirin said yesterday he expected no changes in the bank board by the country's new government. "We already have a law established that the central bank is an
      Reuters; FILE PHOTO  -  395 words
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  • EDITORIAL & opinion
    • 722 10  -  mm I bottom line OPINION harish mehta The writer is BT's Bangkok correspondent SOUTH-EAST Asia may have suffered its first contamination from genetically modified (GM) seeds. The GM seeds leaked out of a Monsanto-initiated research programme at Hiai farms, and fell into the hands
      722 words
    • 123 10 That is too strong —maybe a godfather, one of several godfathers.' Robert Hmdeil who won this year's Nobel prize for economics, on being asked if he should be considered the father of the euro. 4 Just because I gave up my offices does not mean that I
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    • 649 10 EDITORIAL JUST when it seemed like the issue was behind them, Singaporeans have been reminded starkly of an old worry: The stork hasn't been doing its job; the population isn't replacing itself. As it turned out, Singapore's problem of low fertility rates which led in 1987 to
      649 words
    • 862 10  -  Soaring market encourages spending and investment; sinking market conld do the reverse By Robert Samuelson The Washington Post Writers Group THERE are two pivotal and, for the moment, unanswerable questions about the US stock market's latest nervousness: (1) Will stocks continue to decline? and
      The Washington Post Writers Group; FILE PHOTO  -  862 words
    • 1021 10 Educating the soul FOR the past three decades, schools and public institutions in Western societies have engaged in a vast social engineering experiment to erase the psychological boundaries between men and women. The idea, it seems, is that males are inherently violent and therefore must be
      1,021 words

  • MALAYSIA news
    • 527 11  -  lim bank mergers It endorses Mafiatfnr'g agreeing to abandon matchmaker role From. Eddie Toh in Kuala Lumpur FOLLOWING intense objections and pressure, the Malaysian central bank ended days of silence and endorsed Prime Minister Mahathir Mohamad's call for the
      FILE PHOTO  -  527 words
    • MARKET moves
      • 72 11 TELEKOM Malaysia shares moved up early yesterday, suggesting that investors welcomed the company's decision to pull out of a joint offer with UEM for shares previously quoted on Clob. Telekom rose as much as 40 sen yesterday. However, the counter closed unchanged at RM11.50 on
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      • 63 11 TONGKAH warrant rights have been traded heavily on the Kuala Lumpur stock market in recent days because they will expire next Thursday. Upon expiry next week, owners of the rights or otherwise known as provisional allotment letters will have up to Nov 15 to exercise their
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      • 66 11 THE Avenue Assets and Phileo Allied counters have been actively traded following market talk that the Phileo Allied group is trying to consolidate at least three stockbroking firms under its fold. Avenue Assets was formerly known as Phileo Land. However, the counters met different fates yesterday.
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    • 277 11 KUALA LUMPUR GLOMAC Bhd, which recently aborted its reverse takeover of KLSE-listed Tai Wah Garments Manufacturing Bhd, has submitted an application for a mainboard listing, The Star reported yesterday. Glomac executive chairman Datuk Mohamed Mansor Fateh Din said the company sent its
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    • 433 11  -  lTsia embarks on a masterplan for its financial sector By. Andrea Tan MALAYSIA has appointed US accounting group Arthur Andersen as consultants to help develop the country's capital market, Malaysia's Securities Commission chairman Ali Abdul Kadir said yesterday. He said the country's
      433 words
    • 552 12  -  Analysts expect power utility to post net gain of RM3OOm-500m, after two years of losses From Ruth Wong in Kuala Lumpur MALAYSIA'S power utility, Tenaga Nasional Bhd, which will release its 1999 financial year results today, is expected
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    • 527 12 KUALA LUMPUR Speculation follows Telekom move out of Clob plan AFP JAPAN'S Nippon Telegraph and Telephone Corp (NTT) could be preparing to buy a stake of up to 30 per cent in Telekom Malaysia Bhd, market analysts said yesterday. The speculation
      AFP; FILE PHOTO  -  527 words
    • 372 12 ■JOHORBARU KULIM (M) Bhd has decided to hold on to its investment in Papua New Guinea-based New Britain Palm Oil Ltd for a little longer, reversing its earlier plan to dispose of the entire equity, The Star reported yesterday. Kulim managing director
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  • Page 12 Advertisements
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      255 words

  • SOUTH east asia
    • 527 13 MANILA Combined unit will be the Philippines' largest bank with 350b pesos in assets Reuters AYALA Corp, the oldest conglomerate in the Philippines, formed the largest bank in the country yesterday with the merger of its subsidiary Bank of the Philippine Islands
      Reuters  -  527 words
    • 50 13 [BANGKOK] Thailand's Prime Minister Chuan Leekpai (centre) trying out the new skytrain in Bangkok yesterday. The skytrain will begin operation next month and thousands ofcommuters are expected to take advantage of the new mode of transport which will enable them to travel above Bangkok's infamous traffic congestion. REUTERS
      REUTERS  -  50 words
    • 367 13 BANGKOK ABN Amro unit's 697 m baht loss due to bad loan provisions Bloomberg BANK of Asia Pel, the Thai unit of ABN Amro*tMding NV of the Netherttinds, posted its eighth consecutive quarterly loss, losing 697 million baht (5529.7 million) in the July-September
      Bloomberg  -  367 words
    • 207 13 BANGKOK Reuters THE Bank of Thailand (BOT) said yesterday it would set aside substantial contingency fluids to accommodate any unusual deposit withdrawals from Thai financial institutions amid concerns about the millennium computer bug. Assistant central bank governor Tarisa Watanagase told reporters the
      Reuters  -  207 words
    • 560 13  -  Tear-long battle results in passing of Alien Business Law From] Harish Mehta in Bangkok THAILAND yesterday passed a controversial law aimed at giving foreigners easier access to restricted businesses after a year-long battle in Parliament where powerful vested interests tried scuttling the
      560 words
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  • EAST asia
    • 455 14 WASHINGTON It's accused of conspiring to divert equipment for China's military use Reuters THE US government on Tuesday indicted aerospace giant McDonnell Douglas, now part of Boeing Co, and one of China's largest governmentowned companies on charges of conspiring to divert sophisticated machine tools
      Reuters  -  455 words
    • 199 14 HONGKONG Reuters PROPERTY prices in Hongkong have fallen to levels that are sustainable in the long term and stronger income growth in the future would push prices up again, HSBC said in a report released yesterday. "Although the property market is being suppressed
      Reuters  -  199 words
    • 49 14 [HONGKONG] Employees of Hong Kong Aircraft Engineering Co Ltd (Haeco) taking part in a protest at the arrival hall of Hongkong s airport yesterday. More than 100 Haeco workers, mostly line maintenance staff, began a sit-in to demand for a new pay package. REUTERS
      REUTERS  -  49 words
    • 449 14  -  It offers a rollover prize of up to HK$BO,OOO From, Meera Tharmaratnam in Hongkong FINET Online will be launching a guess-the-index game with prizes worth thousands of dollars to lure more Internet surfers to its financial services Web
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    • 265 14 NASSAU, Bahamas Reuters HONGKONG conglomerate Hutchison Whampoa, which controls 10 per cent of global maritime container traffic, is fast becoming a key player in Free port, the Bahamas sec-ond-largest city. Although the shipping company's ties to China have raised concerns about its port operations
      Reuters  -  265 words
    • 114 14 HONGKONG Bloomberg MORGAN Stanley Dean Witter Co raised its recommended holdings of banks in a model Asian portfolio to 33 per cent from 23 per cent, judging recent declines are overdone. "Banks in developed AsiaPacific have been hit hard by interest rate worries
      Bloomberg  -  114 words
    • SINO Briefs
      • 50 14 AFP [SHANGHAI] The central People's Bank of China yesterday said it will allow the country's cash-strapped securities brokerages to raise funds by issuing corporate bonds. This was among several aggressive moves adopted by the bank's monetary polky committee recently, the Shanghai Securities News reported.—AFP
        AFP  -  50 words
      • 82 14 AFP [HONGKONG] Hongkong has reached an agreement with Walt Disney Co under which it would be required to inject more than HKI2O billion (SR3 billion) into the construction of a Disney theme park here, Ming Poo daily said citing sources. The government will also
        AFP  -  82 words
  • Page 14 Advertisements
    • 771 14 J Asia Medic Limited (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Asia Medic Limited ("the Company") will be held at The Boardroom, 350 Orchard Road #08-00 Shaw House, Singapore *****8 on 5 November 1999 at 11.00
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  • Page 15 Advertisements
    • 241 15 —i— ayt) GBAft WW VM re very valuable commodities, company secure From secure, state-of-the-art records management to burglar That's why CISCO provides a complete range of security alarms, one company offers a whole range of value-for- solutions through its five major divisions. The tried and money solutions. CISCO. tested expertise
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  • SOUTH asia
    • 371 16 NEW YORK Nasdaq-traded American depositary receipts second by an Indian company Bloomberg SATYAM Infoway Ltd, an Indian Internet service provider, almost doubled on its first day of trading on the Nasdaq stock market on Tuesday. Satyam, the second Indian company to sell Nasdaq-trad-ed
      Bloomberg  -  371 words
    • 56 16 [BOMBAY] Painter Surendran Nair, one of five nominees for Sotheby's Prize for Contemporary Indian Art, showing offone of his paintings in Bombay yesterday. The work of allfive candidates for the prize will be on display until the winner is announced tomorrow. Sotheby's will award the winner
      REUTERS  -  56 words
    • 232 16 KARACHI Reuters, Bloomberg WORRIES about foreign exchange stability have forced Pakistan's central bank to stop money changers, or foreign exchange kerb dealers, conducting business for at least four more days, bankers said yesterday. "This is a negative signal. It won't help remove uncertainty and
      Reuters,; Bloomberg  -  232 words
    • 345 16 COLOMBO Presidential polls expected between mid-Dec and mid-Jan AFP SRI Lanka President Chandrika Kumaratunga yesterday announced a snap presidential election, prompting opposition claims the move was designed to arrest the declining electoral fortunes of the ruling party. President Kumaratunga issued a proclamation seeking re-election
      AFP  -  345 words
    • 245 16 mBOMBAY India's petrochem maker cites higher product prices Bloomberg INDIA'S Reliance Industries Ltd, the country's biggest petrochemicals maker, said sec-ond-quarter profit rose a more-than-expected 27 per cent boosted by higher polymer sales and prices for its products. Profit rose to 6.12 billion rupees
      Bloomberg  -  245 words
  • Page 16 Advertisements
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  • WORLD news
    • 382 17 TOKYO His comment that Japan should ifciiin nuclear ban deals blow to PM Reuters [TOKYO] A junior minister in Japan's ruling government stepped down yesterday for saying the country should consider abandoning a de-cades-old ban on nuclear weapons, dealing a blow to Prime Minister Keizo
      Reuters  -  382 words
    • 233 17 TOKYO 5b yen suit expected to be closely watched by Western firms FT BANCO Santander, the Spanish bank, is suing Mitsui Fudosan, one of Japan's largest property companies, for 5 billion yen (5179.4 million) for alleged breach of contract in a Japanese property deal.
      FT  -  233 words
    • 565 19 SEA ISLAND, Georgia Fed Reserve chief says Japan's economic recovery being hampered by insufficient diversification Reuters, Bloomberg FEDERAL Reserve Chairman Alan Greenspan warned countries on Tuesday against thinking they could solve their economic problems by simply linking their currencies to the dollar or
      Reuters,; Bloomberg  -  565 words
    • 222 19 FRANKFURT FT RWE, Germany's largest energy group, is on the brink of unveiling plans to merge with rival utility VEW in the latest consolidation move to hit Europe's fast-changing electricity market. News of the latest tie-up comes less than a month after Veba and
      FT  -  222 words
    • 522 19 MILLENNIUM BUG FEARS But few investors are polling out totally and some are moving their assets into Asian countries which are Y2K ready Bloomberg [SINGAPORE] Currencies in Asian emerging markets are suffering even before a single computer has mistaken the year 2000
      Bloomberg  -  522 words
    • 308 20 NEW YORK FT THE US Securities and Exchange Commission on Monday approved a sweeping relaxation of regulations on domestic and cross-border mergers. The new rules, which come at a time of unprecedented merger activity between US and non-US companies, will be particularly
      FT  -  308 words
    • 471 20 WASHINGTON Market reaction muted, with dollar iip slightly against yen and enro Reuters THE US trade deficit narrowed for the first time in four months in August, despite record imports from China, Mexico and other major US trading partners, the government said
      Reuters  -  471 words
    • 391 20 REDMOND, Washington LATWP BUOYED by strong sales of personal computers around the world, Microsoft Corp posted quarterly earnings on Tuesday of 38 US cents per share, beating analysts' estimates of 34 US cents. The software giant said after the close of the stock market that it
      LATWP  -  391 words
    • WORLD Watch
      • 61 20 [WASHINGTON] Former Cabinet secretary Elizabeth Dole (right), the only woman in the 2000 presidential campaign, is dropping out of the race because of a lade of money, aides said yesterday. Ms Dole, 63, was scheduled to make an announcement yesterday morning, and put
        61 words
      • 47 20 Bloomberg [CHICAGO] UALCorp's United Airlines (UA) said third-quarter profit fell 12 per cent as a result of Hurricane Floyd flight cancellations and a fell-off of traffic gained from a rival's strike last year. Net income fell to US$456 million (*****.7 million). —Bloomberg
        Bloomberg  -  47 words
      • 65 20 Bloomberg [WESTWOOD, Kansas] Sprint Cop said third-quarter profit fell 13 per cent as losses increased at its international joint venture and a new telephone network. Net income fell to US$359 million (*****.4 million), or 41 US cents a share. Results from the year-ago are stated
        Bloomberg  -  65 words
      • 38 20 Reuters [NEW YORK] Chase Manhattan Corp said yesterday its third-quarter profits rose 42 per cent to US$l.l9 billion (Ss2 billion), as trading and investment banking snapped back from a global market slump last year.—Reuters
        Reuters  -  38 words
      • 40 20 Bloomberg [NEW YORK] Bell Atlantic Corp said third-quarter profit rose 10 per cent as sales of data services soared. Profit from operations rose to US$l.2 billion (Ss2 billion), or 76 US cents a share.—Bloomberg
        Bloomberg  -  40 words
      • 48 20 Bloomberg [CLEVELAND] TRW Inc said third-quarter profit rose 30 per cent as sales surged after its May acquisition of car-brake manufacturer LucasVarity Pic. Profit from operations rose to U*****.9 million (***** million), or US$l.lB a share. Sales rose 57 per cent to U554.46 billion.
        Bloomberg  -  48 words
  • Page 17 Advertisements
    • 237 17 j Km '^j^H flfev jEfc WATCH M f (|i(c uM( M swiss HMt <M W Hfe^ki'^tr-^i---■ k L. PT J ML linnP^l^^Hl^Hß^^B^HHF H|Hn\ yjj^^EH^^^Blj^^H^/ jftrAr #I|^ Km I LI I II -I^Bl^^^l |HB I TAG HEUER SHOWROOM Tel: 235 8477. Also tviUHe at ALL WATCHES M 732 7673 733 2823
      237 words

  • Page 18 Advertisements
    • 658 18 NOTICES To advertise call toll-free 1800-741 1883 Fax Nn 741 1?Q8 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that. I CHUA PUAY ENG of Blk 3 Rochor Road #16-616 Singapore *****3, have applied for a Beer House, First Class Licence in respect of M/S LITTLE DIANA located at Stall No.
      658 words
    • 776 18 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that. I TEH CHEE KEONG of Blk 144 Tampines St. 12 #06-376 Singapore *****4, have applied for a Beer House, First Class Licence in respect of M/S LPS KOPITIAM (WANWAN) PTE LTD. located at Blk 118 Rivervale Drive #02-15/16 Rivervale Plaza, Singapore *****8
      776 words
    • 1335 18 NOTICE IS HEREBY GIVEN that I, MOK FEI, RICKIE of Blk I44,jalan Bukit Merah, *04-1130 Singapore *****4, j have applied for a Retail Liquor Shop licence in respect j of M/s Mi Place/Musicuisine located at 21 Orchard Boulevard *01-23 Singapore *****5, and that this application will be considered by the
      1,335 words
    • 242 18 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I LEE HEE PENG of i Blk 570 Hougang St. 51 #04-105 Singapore *****0, have applied for a Beer House, First Class Licence in respect of M/S LPS KOPITIAM (TANG) PTE LTD, located at No.l i Hougang St. 91 #01-40 Hougang Point
      242 words

  • Page 19 Advertisements
    • 187 19 i iiHK —-A It's difficult to teli apart who's more enthusiastic when it comes to the New Golf you or the vaiet who is just waiting for a chance to park it. After all, it is still the ultimate hatchback. With a new and powerfully awesome 1.8-litre turbo-charged engine and
      187 words

  • Page 20 Advertisements
    • 156 20 I V II 1 I 1 A; v^Bh^H h hA Hi B1 «b[^b t'■ A -.J*- "SJ iy Kl| H 18l 1 [WCw^tl^x^rr I BB VI T-C^L i :,n -f >^^i uv^l vmm i I'f ?w^Bßi®® The largest spread on everything that's IT. At Asia's one and only dedicated online
      156 words

  • FINANCE & commodities
    • 284 21  -  m—m Reports MSCI Singapore Index Daphne Tay, Jardine Fleming OPTIMISM returned to the local bourse yesterday on the back of Wall Street's overnight recovery and as US rate hike concern receded foUowing the release of the September consumer price index data which fell in line
      284 words
    • 218 21  -  MSCI Taiwan ftitnres Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures yesterday saw a minute 0.5-point increase despite Taiex's loss of 26.32 points. Nasdaq's insignificant close somewhat left no clear indication for yesterday's players. OCBC Bullion Futures, ING Futures Options and
      218 words
    • 205 21 ENERGY REPORT Bloomberg [NEW YORKJ Crude oU feU for a third day yesterday, after a government report showed an unexpected surge in US inventories last week that was 10 times more than an industry group estimated on Tuesday. Inventories jumped 3.4 miUion
      Bloomberg  -  205 words
    • 317 21 AFP Reuters, I THE dollar rose against the broadly weaker euro yesterday, profiting from a larger than-expected fall in the US trade deficit and unexpected softness in Germany's Ifo business survey. Traders had recently preferred the euro to the dollar in the expectation that the euro zone economy
      AFP; Reuters,  -  317 words
    • Article, Illustration
      972 21 mTERBAMK CROSS RATES CS f» aw ym Wm m mm* n —i m% w**— m J22f ,M. M tz MS HE £!2!L2 2-S2 J2 1467 WW2LM tm im osstmnam am urn a~ i!S -4E "2 £fi W* #089 2552 U06 ***** 27.055 U24 4.M0.990 ***** ***** 0.402 0672 2? S
      972 words
    • 1441 21 SICOM FUTURES Oct 20 iHinuiiiinnnmni Jam... vlSSt. J- mZ ,mSL g. SS Si) BS M w WOO TB.23 100 H S 1 sss as ss 8 i T5t20F00C0KTRA€T (UScNbfa) VMMM 0|M gf 7,"" m;;, M *n, r r f—s »w» 55• 22*) |9K« 7100 7050 5.00 1300 p20 JM 00
      1,441 words

  • STOCKS east asia
    • 2550 22 HONGKONG AFP □Hang Seng +384.43 HONGKONG share prices surged 3 per cent yesterday on selective bargain-hunting triggered by gains on Wall Street in the wake of benign US inflation data. "There is a belief that the US market will continue
      AFP  -  2,550 words
    • 1896 22 TOKYO AFP ****** SHARE prices in Tokyo rose 1.6 per cent yesterday, with investors encouraged by gains on Wall Street, brokers said. The Nikkei average of 225 selected issues finished up 280.54 points at 17,534.71. Tokyo shares rose from the start of trading, as Tuesday's 0.9
      AFP  -  1,896 words
    • Article, Illustration
      854 22 Reuters PSfcanhaißlitoi *<106 SHENZHEN'S hard currency B shares closed marginally higher yesterday, held up by renewed official pledges to support the stock market, brokers said. But trade was thin as market sentiment remained weak following a downward trend sparked by poor corporate earnings prospects, they said. The B share
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  854 words
    • 351 22 AFP QWPlafax -7*32. TAIWAN share prices closed 0.3 per cent lower yesterday on heavy selling in stocks of micro-chip makers amid falling DRAM chip prices, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 26.32 points to close at 7,666.64 on turnover of NT$7l.BB billion. "DRAM issues remain
      AFP  -  351 words
  • Page 22 Advertisements

  • STOCKS klse
    • 381 23 AFP, AFX-Asia n Composite Index -LD2 MALAYSIAN share prices feU 0.3 per cent yesterday in modest trade due to profit-taking, dealers said. The Kuala Lumpur Stock Exchange Composite Index feU 1.92 points to finish at 736.36. The Second Board Index eased 0.61 point to 157.48.
      AFP,; AFX-Asia  -  381 words
    • 7957 23 MDUOTNALS 1*99 List 0ay Nrl Cap h>» t— c»mpany -ooo l— p/t t*a ♦40 255 Ajlnomoto 310 -19.7 125.6 JZi Angkasa 96 -3 16 96 95 141.6 404 220 Apollo FooOMIq 316 7.3 126.4 152 >25 ®V y Und 177 unch '#3 176 5.7 1227.0 995 490 C 6 C
      7,957 words
  • Page 23 Advertisements
    • 47 23 ikvestmekt porrrouo I !Z«ZL Uel,<d I -gaiawßHar J I -tj n *1 IPO. Shares. Bonds. Stocks. Annual Reports. Whatever you're offering, we help you reach out to 86.7% of all adults in Singapore daily. The Straits Times The Business Times Lianhe Zaobao Berita Harian Tamil Murasu 1800-741-1883
      47 words

  • SES clob & regional stocks
    • 2825 24 BOMPS A WARRANTS Oct 20 «l Ml U. »-*Mk Laat M Bay MMi H Mill taw I» CaaM worn u» an Nm Mi m is* M> mh mhmh mm nw m«i u* »04 75 3160 -Acor ******1 USS 36.5 13 120 393 36.5 36 37 3X1 1 156 179 139
      2,825 words
    • 279 24 AFP Q Composite Index +19.25 THE Korea Stock Exchange Composite Index closed up 19.25 points at 830.69. Volume was 311.4 million shares worth 3.3 trillion won. AFP Petit —I Anam s»™ ***** 200 BraM TacH m0 30 Central Bank 2780 75 CheMComm ***** 2000 Dee Gu Bank 4045 95
      AFP  -  279 words
    • 283 24 AFP Q Manila +27.01 PHILIPPINE share prices closed higher yesterday due to a recovery on Wall Street and an announcement of US inflation figures that were within expectations. The Composite Index rose 27.01 points to close at 2,017.62. Volume rose to 2.1 billion shares worth 3.1 billion pesos. AFP
      AFP  -  283 words
    • 278 24 AFP Wellington +20.43 NEW Zealand share prices gained one per cent yesterday on the back of a resurgent Telecom Corp, dealers said. The NZSE-40 Capital Index gained 20.43 points to 2,110.50 on modest volume of NZ$69 million. Telecom gained 14 cents to NZSB.I4—AFP Oct it 1 rooc Advantage HDS
      AFP  -  278 words
    • 583 24 AFP HiHOrdimmeg +43-8 AUSTRALIAN shares jumped 1.6 per cent yesterday under the influence of a Wall Street recharged by favourable US inflation data, brokers said. The All Ordinaries Index galloped ahead to record its highest one-day point rise in seven weeks and closed 43.9 points higher at 2,823.60. The
      AFP  -  583 words
    • Article, Illustration
      787 24 AFP El SET Index *0.43 THAI share prices closed 0.1 per cent higher yesterday with profit-taking offsetting early gains, dealers said. Many investors remained on the sidelines due to speculation that the market would continue its downward trend, they said. The Stock Exchange of Thailand Index gained 0.43 point
      AFP  -  787 words
    • Article, Illustration
      669 24 AFP Q Composite Index +0.78 INDONESIAN share prices closed barely higher yesterday after shedding most of a 7.9-per cent gain in disappointment at market favourite Megawati Sukarnoputri's failure to win the presidency. At the end of a dizzying roller-coaster ride, the Jakarta Stock Exchange Composite Index closed up 0.78
      AFP  -  669 words
  • Page 24 Advertisements


  • Article, Illustration
    2787 26 Property transactions for selected districts lodged between Sept 20 and Oct 18, 1999. PROJECTNMK/ PTOP CONTRACT TENURE MLT-W PHCE PSf PROJECT NAME/ PROP CONTRACT TENURE BULT-W PNCE PSf STRKTNM* TYPE DATE IANOAMEA* STREET NAME TYPE DATE LAND AREA* (SOFT) (STOOOI (SS) (SOFT) (STOOD) (SJ) District 01 Ctl Grove Apt
    2,787 words
  • Page 26 Advertisements
    • 92 26 Pay FIXED INTEREST RATE from date of first release NOT date of letter of offer Ed For housing loans without hidden conditions, call us —we have been financing homes since 1950 Wo ptovide loans and financial assistance for your Corporate and Personal Financing. M ilk s] Car Loan Home Loan
      92 words

  • PLANNED OFFICE
    • 1123 27  -  Business centres offer fnrnished offices and other support services for st&rt-nps By\ Maria Tan The writer is the centre manager ofWangz Business Centre. Wangz is managed by a professional operator. Plaza Business Centre, based in Hongkong with numerous business centres and airport business lounges in
      FILE PHOTO  -  1,123 words
    • 644 27  -  Flexibility and lower cost are reasons for the open-plan concept gaining popularity, gavin woo has the details GAVIN WOO The writer is director of Office Planner BACK in the '80s, most offices in Singapore were fitted out using custom-made furniture, and open-plan office system furniture
      644 words
  • Page 27 Advertisements
    • 94 27 COLLECTIVE SALE BY TENDER PRIME RESIDENTIAL SITE DUCHESS AVENUE (Moral AJ f 77 TV Site Area Approx. 57,145 sq. ft. j Tenure 999 years f nf Plot Ratio/Height Control: 1.4 Up to 4 storeys TOP SCHOOLS VERY EXCLUSIVE. 5 m nutes wa,k to Bukit Timah Road, Coronation Plaza, Nanyang Primary
      94 words
    • 212 27 PRIME INDUSTRIAL BUILDING FOR SALE BY TENDER Address 138 Joo Seng Road Singapore *****1 Description A 7-storey flatted factory with ancillary warehouse, showroom and basement carpark Tenure HDB Leasehold 30 30 years wef 1 September 1991 Land Area Approx. 4,479.10 sqm (48,213 sq ft) Total Built-up Area Approx. 10,906.03 sqm
      212 words

  • BY DESIGN
    • 1009 28  -  Michigan-based furniture maker Steelcase has created an office chair with emphasis on natural support corimmb serk gets a feel of it CORINNE KERK THE loving way in which Leap's marketing brochure is presented makes you think immediately of wedding albums where couples who have posed and
      1,009 words
  • Page 28 Advertisements
    • 103 28 Imagine building a mega-resort condominium at the doorstep of Orchard Road Collective Sale of Belle Vue A sprawling freehold site of 243,798 sq ft Exclusive and secluded hilltop location with a charming serenity sssS— Good views of the city Walking distance to bustling Orchard Road and the MRT Development potential
      103 words

  • SHOWCASE
    • 874 29  -  Breezy units and lush gardens are among the comfortable niches Maysprings offers to its residents, marissa chew finds out MARISSA CHEW POR residents at Maysprings, making the decision to buy the development was easy and so is living there. First, choosing their apartments at the 636-unit
      PHOTOS BY SIEW YAW HOONG  -  874 words
    • 268 29 DEVELOPER DISTRICT LOCATION SIZE TOTAL UNITS NO OF PRICE TENURE ■iUMiiAAMAMUHB (aqt) launched units sold- (jpsf) Craig Place Guthrie 1 Craig Rd 560-730 16 na 975 99-yr Faber Crest CDL 5 Faber Heights 1,012-2,099 240 100* 590 99-yr River Place FEO 3 Havetock/Clemenceau Ave 678-3,229 509
      268 words
  • Page 29 Advertisements
    • 35 29 Classified First. Want a home with a sea view? Or simply seeking a new nest? Make the right move: Check The Straits Times Classified First. I CATS. I 3 Bay k. M k. FW H.
      35 words
    • 74 29 Collective Sale by Tender FREEHOLD SITE F® 8 AT DISTRICT 11 property Double frontage to Mandalay Bhamo Road J /r Land Area: 4,047.5 sqm (43,567 sft) /*L Wf Plot Ratio: Up to 2.8 f f<v //A x Height Restriction :Upto 30 storey /f" a About 650 m to Novena MRT
      74 words
    • 82 29 II //t— LARGE RESIDENTIAL w' V\ m%7 "3" DEVELOPMENT LAND My AT DEVONSHIRE ROAD i A /y\ SUBJECT Parcel A Lot 578 58,180 sqft I fuy PROPERTY Parcel B Lot 102-2 7,026 sqft \W ffl* Parcel C Lot 102-3 and 102-4 cSi 13,692 sqft —I wo uormimcsiof mveh Total land
      82 words

  • EXECUTIVE Suite
    • Article, Illustration
      150 30 LONDON 'London, compared to emerging markets such as a Chinese city for example, has got a very established legal framework. It's a stable environment for buyers you know what are your rights.' Steven Choo, national director, Jones Lang LaSalle 'We should see values Increase op until the end of this
      150 words
    • 862 30  -  Caution is key to investing in properties abroad with markets such as London and HK being seen as safer than some Chinese cities. Am wam may finds out ANG WAN MAY THE Australian government's recent proposal to re-look its capital gains tax laws has again
      862 words
    • EXEC lifestyle
      • 179 31 Carmakers use wine, women, food, song to draw people to exhibits AFP [MAKUHARI. Japan] Cars are supposedly the main attraction, but at the Tokyo Motor Show they come adorned with opera singers, dancing girls, high-tech amusements, movies, wine and gourmet food. The hall was filled with
        AFP; REUTERS  -  179 words
    • MOTORING page
      • 620 32  -  WAP TRACK Land Rover's top outperformer; Nissan looks like it may end year as bestseller, says Christopher tax CHRISTOPHER TAN [SINGAPORE] DESPITE ul-tra-keen competition, more than a dozen marques have managed to do better in the new car market
        FILE PHOTO  -  620 words
      • 325 32 [SINGAPORE] The Motor Traders Association (MTA) has re ceived a rush of new members, which is likely to boost its share of the new-vehicle market noticeably. Rover Singapore, the new distributorship run by Karsonc Kwee of Saab and Porsche fame, has signed up. So
        325 words
      • BUMPER to BUMPER
        • 110 32 THE Land Transport Authority released its «nn«u*i report for the year ended March 31,1999. Here are some snippets: the authority approved 175 new vehicle models for registration here last year, it approved 8,253 road-opening (digging up roads) applications; if evenly spread out, this
          110 words
        • 110 32 SOME of Singapore's boldest car policies are now being adopted by Europe. Electronic road-pricing, currently on trial in the UK, will be implemented in the Netherlands, Austria and parts of Germany next year. Italy has its own version, too. The EU is also considering
          110 words
        • 58 32 TAXI operator Comfort Group spent $250,000 to make Cablink, its cab despatch gystem, Y2K-complianL It Is hastening the replacement of its taxi meters, identified at another area susceptible to the mllim-minm bog. Its entire fleet of some 11,000 taxis will have the new meters
          58 words
        • 88 32 SHELL'S ProServ car-maintenance programme is gaining momentum. From a pilot of three outlets at the beginning of the year, the oil company now has nine ProServ facilities at its various petrol stations. One of the latest projects is a Braddell Road site. Non-foel businesses
          88 words
        • 64 32 HONDA agent Kah Motor has opened two more service centres, bringing its total to six. One is at Btock 10, Ang Mo Kio Industrial Park 2, AMK Auto Point #03-12 (Tel: 488-6990); the other at 311 Jalan Ahmad Ibrahim (Shell station) (Tel: 284-7930).
          64 words
        • 92 32 PORSCHE AG last week vowed to fight a Nazi-era forced labourer's compensation claim, rejecting the action because of the time the claim had lain dormant > %">J| According to Reuters, a company representative told a court in Stuttgart Porsche would contest the claim for 96,000
          92 words
        • 54 32 GOLFER Pang Hoe Sang, 48, of Hexagon Construction sank a hole-in-ooe at the TanahMerah Country Club last Friday, winning himself a Mercedes-Benz Al6O subcompact. The 15-handlcapper achieved the 158 m feat with a 5 Iron at the Singapore Institute of Architects Golf Tournament The AlBO costs
          54 words
        • 83 32 SAAB'S 9-5 Estate (above) has landed this year's Excellent Swedish Design Prize. The annual award is givenby the Swedish Society of Crafts and Design, which is entrusted by the government with the task of promoting Swedish design. Saab has won the award twice before, in 1984 for
          83 words
        • 84 32 PSA Peugeot-Cltroen and Ford have agreed to extend their cooperation in the area ofdiesel engines. The deal incorporates collaboration on research and development, including specific projects cm an extension to the family rf amflll ahimintiim dfawri aigfawn; anhanrorf oil a second-generation of mid-sized direct-injection engines; a family
          84 words
        • 63 32 FORD is sponsoring four Thai and two Filipino representatives for six months of specialised automotive training at its facilities in the US. Hie programme focuses on emission controls, safety engineering, alternative foel vehicles, composite materials and Quality standards. The six sponsorships are worth more than 8.5
          63 words
        • 126 32  -  Compiled by Christopher Tan BAAN Co, a global provider of enterprise business solutions, and TWR Group, a specialist vehicle design and manufacturing company, have altered into a raiture to develop one of the world's most advanced Integrated vehicle manufacturing solutions. The two companies will develop
          126 words

  • Page 31 Advertisements
    • 397 31 Where to wine, dine and entertain... (g) essir c .JKSETSL. Hi Treat yourself to a wide range of Japanese cuisine. Enjoy Tempura, Sushi Rolls, Sashimi, Soft Shelled Crabs and many more plus tantalising desserts. Buffet Lunch 8C Dinner: £23.50 (Adult), 50% discount (Child) (Lunch daily except Saturday "lunch"fiom 12 noon
      397 words
    • 28 31 I, 26 OCTOBER nJNA w A veritable Wfr treasure trove ilk. eXO^Ci (4th floor, Main Tower) I hTTH 313 Orchard Road, Singapore *****7. 737 4411 Fa: 732 2361
      28 words
  • Page 31 Miscellaneous
    • 1057 31 CRYPTIC CROSSWORD ACROSS asunder Advanced as a school princi HUH noted for —-i_J——L_i—— LJ.—l_J_— 29 Measurement of length or arDOWN 1 1 1 1 1 1 1 1 1 Farm animal from the Vati- 2 Language masters? (9) 16 A particular form of dislike MA|N|L|o|o|i|H|g| 3 Dad's Army food (5)
      1,057 words

  • Page 32 Advertisements

  • SHIPPING TIMES
    • 308 33 Bridge News, Reuter CAPESIZE markets were quieter worldwide on Tuesday although rates remained firm, panamax rates made further headway in most areas, and handysize conditions were slow in the Far East and in South America, brokers said. Bunker prices showed steep gains in the Far East, they added.
      Bridge News,; Reuter  -  308 words
    • 259 33 mmmmmm mm CWT Mstrlbutton 1.T7 uncti 73 Cmco Investment _U2 0.01 S rretoMLMu 0J0 0.01 690 G* Italian* 032 0.01 19 HriS«jnHup 0.63 001 1473 IMC HoMngt-HK MO unch 0 Jeye ItQtMnn 0.86 0.01 44 Jurong 9h«yerd 7.90 0.03 17 MWCWI 444 0.04 4179 KapppirtLS 131 0.02 169
      259 words
    • 461 33  -  CONTAINER ASIA 99 CONFERENCE The container ports targeted are Bel&wan and T&qjnng Emas By. Ann Toh WITH the successful privatisation of the Tanjung Priok and Tanjung Perak container terminals, the Indonesian government will continue its port privatisation programme with the Belawan and Tanjung Emas
      FILE PHOTO  -  461 words
    • 344 33 It includes earnings ofShowaLine, bought last year Bloomberg [TOKYO] Nippon Yusen KK, Japan's largest maritime shipping company, is likely to report that its pre-tax profit rose 58 per cent in the first half after it raised rates and cut costs,
      Bloomberg  -  344 words
    • 702 33  -  NEWBUXXiDS By] David Hughes ONCE again the emphasis in the newbuilding scene has been on dry bulk carriers. Bulker orders have been reported for yards in South Korea, China and Japan. The orders listed here are only a sample of the bulker
      702 words
    • 196 33 AFP [MANILA] A Philippine ship conducting a fire drill while on port triggered a widespread alert yesterday, with the coast guard scrambling rescue vessels and aircraft near the mouth of Manila Bay, a senior coast guard official said. "It was a false alarm," an
      AFP  -  196 words
    • FOCUS canadian airline industry
      • 958 34 Allies UAL and Lufthansa support carrier's plan to restructure the industry and stave off bid by takeover king Reuters [MONTREAL] THE battle for Canada's skies turned into an international dogfight on Tuesday when Air Canada won support from allies United Airlines and Lufthansa in its
        Reuters; FILE PHOTO  -  958 words
    • 199 34 PACE Djak Lloyd 8 AO. 6 Dongnama 3 ECU Lite Accort 8 ECI Appenstap 5 Ew9rwfl 6 Austral 8 F S 8 BalaiiShpq 5 GU 4 Gemartrans 6 BSA 7 at*,*, a H Hanjw 3 ccm 7 Hcunq-A 4 CMA 8 Hyundai 7 COSCO 5 Interasia 7
      199 words
    • 19023 41 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser VkM Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Oest'n Name Name Number Number SIN Oest'n Name Name Number Number n/n 24/n Hyundai MM BUNGA TERATAI DUA BIS 45-*****44 To ABIDJAN (ABJ) 2003 Cote D'lvolre 29/10 05/12 Setramar VILLE DE CAPELLA
      19,023 words
    • SHIPS IN PORT
      • 646 45 Vwl Voy Wo Bfth jwW D«p«rtur» J—(hrt Kjrcopoto 28 JM021 JK 19/10/21:45 2VM/I40 ■1118 266a 1299 J01 20/10/845 20/W840 Spc Cipricar *****9 JB 20/10/7:40 20/10/840 •Mai IMy* *****9 J03 20/10/705 20/10/2340 N 2508 2810 J» 20/10/7:40 21/10/640 It N IHor2 *****9 J01 20/W9.25 20/B/2340 HMf SUf IUy-99 J02
        646 words
      • 1963 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Mane* Rstts Ship Voy No Etb/Btr Jtrlod Froa To From ACI DAHLIA OMO 22/700 2A 0flJOO 'WWW 21 »ATX "JE® 20/0700 20/IB9 4 jgHO 20/1459 20/1700 S5,w jj |$S nSm I 20/0TOO 20/101 20/i400 4 n/voo aWH wm» AiS tlPHtSS
        1,963 words
      • 186 45 Oct 23 Thailand: Chulalongkorn Day. Oot 28 Ireland-Republic OF: October Holiday. New Zealand: Labour Day. Taiwan: Restoration Day. Oot M Austria: National Day. Oot 28 Greece. Oxi Day. Not 1 Philippines: All Saints Day. Nov 3 Japan: Culture Day. Nor 5 Brunei: Mera}. Not I Indonesia: Ascension Day
        186 words
      • 790 45 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
        790 words
      • 290 45 crtM m Mn wti 12 nxi o.oe 74 ojm y wn*f RmMm Ask AImMir Stdinwrt Nl AM E25 1 1 S 0 0 JUL£ 222———!2= aw—— mim w»5 <u ai o.ot w ojh \S2 380 Ha 995.5 0.9 18.1 0.08 58 0.04 K/Wi —«*< Wo Wow
        290 words
    • AIR & LAND transport
      • 612 46 Airline wants only one type of super long-range aircraft in its fleet Bloomberg [PARIS] Singapore Airlines Ltd said that Boeing Co would have to make a "very compelling" case for the carrier to cancel a contract for as many as 10
        Bloomberg  -  612 words
      • 45 46 [BANGKOK] A skytrain making its way around Bangkok yesterday. The skytrain will begin operation in November 1999 and thousands ofcommuters are expected to take advantage of the new mode of transport which will enable them to travel above Bangkok's infamous traffic congestion. REUTERS
        REUTERS  -  45 words
      • 459 46 AFP [BEN GURION AIRPORT, Israel] The European Airbus consortium on Tuesday concluded a vigorous public relations campaign in Israel to persuade the country's El Al airline to break with custom and buy European when it decides on a replacement for its
        AFP  -  459 words
      • 346 46 Bloomberg [ST PAUL, Minnesota] Northwest Airlines Corp, the fourth-largest US carrier, posted a third-quarter profit as it rebounded from labour problems that led to a loss in the year-earlier quarter. The airline reported net income of US$lBO million (*****.6 million), or US$l.96 a share, after a
        Bloomberg; FILE PHOTO  -  346 words
      • 453 46 It will ask Lufthansa to boy a stake in the airline Bloomberg [LONDON] British Midland Airways Ltd said it's entered exclusive talks with Deutsche Lufthansa AG on an investment that could lead it to join the Star Alliance group of airlines. The
        Bloomberg  -  453 words
      • 235 46 Bernama [KUALA LUMPUR] Malaysia Airlines is bringing in two more code-sharing partners, Korean Airlines and Alitalia, effective from Oct 31, in a bid to promote Kuala Lumpur International Airport in Sepang as a South-east Asian hub. Under the code-share agreement with Korean
        Bernama  -  235 words
      • 1558 46 OTT FUOHT CU HJOHT CIO IH770 1605 S***** 2350 MM 8A7381 1930 IA7382 2055 U4578 1605 W6373 2355 0F01 TOO 0f82 2055 S***** 60S S026 2355 AM0229 2230 0A7306 W15 1*6300 2230 W W ***** 2230 Wrti ***** IMS ***** 0105 Imtttrfm K1837 1455 6*972 0010
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    • 454 39 BSfl A. e T!=!3riTe®sfsTsnifsß 9^^lr mm MYANMA wBBk FIVE STAR LINE (MyaNNior National Line) 11 Loading for Yoigoi (Rangoon) VESSEL VOY SM PU P» PGU KING TUNG 4W SLD SAGAJNG *mr SID MALAYSIA AGENTS: KNISTIAD SHIPPING AGENCIES KUL TH (03)*****00 PfU TU (03)*****01 PIN: TEL (04)*****07 PGU: m (07) *****21/4
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    • 53 41 n NEW BREAKBULK SERVICE I For Complete MPMPpMHIM Schedules Information See PACC CONTAINER LINE Turn To Pg 5 on 5 FR. MEYER'S SOHN SPECIALISTS IN Dedicated Forest/Paper Machinery EAST MALAYSIA products Heavy Lift Service Container p ro ject Crosstrade Turn To Pg 14 every Mon/Wed/Fri Details See Pg 4 HUB
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