The Business Times, 28 October 1999
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1999-10-28
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The Business Times
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Title Section17 1999-10-28 1 THE BUSINESS TIMES MITA (P) 046/12/98 65C SINGAPORE I Internet: http://bu.si'> lass-times.asial •com.sg/ THURSDAY, OCTOBER 28. 199917 words
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Article58 1999-10-28 1 □m IMBJB (-24.55) BT-SRI 79SM (-8.61) n SIMSCIFDTHBES mm 277.70 (-2.10) STOCK MAKKET INDICES Wednesday Change KLSEOOMP 7*27 +198 NIKKEI *****.96 -289.43 HANGSENQ 12,701.97 -88J1 SET INDEX 27MI *U7 JAKARTA COUP _*74*2 -17.71 MANILA OOMP —1JOJ8 *J4jB TAIPEI WP1 7,7tlft_*UI awuLooMP 7*«_l_4J» CLSA CHINA B M&I7 +5738 AUSTALLORD58 words
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Article78 1999-10-28 1 FOBEX BATES U8S St IJSS LM8 £(l!SS/SS per 1.162 2.7K HTROfUS$/S$ per E) 1.061 1.779 DM tJM 0J® YEN IMJ IJtt* RM UN 0.439 HKS 7771 0316 BAHT 38.74 O.MS RUP1AH UH 0.024* •sttomunia PRIME BATES SINGAPORE* so KUALA LUMPUR 735 JAKARTA 4$M BANGKOK i*. lt.M MANILA 11J0 HONGKONG78 words
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Article, Illustration513 1999-10-28 1 Audrey Tan - i-Jj! exclusive One-third of companies surveyed say 3-5% rise is fine for a start Byi Audrey Tan [SINGAPORE] A majority of companies support a partial restoration of the cut in their contribution to the Central Provident Fund (CPF), with nearly one-third of 142Source: CBRD - 513 words
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756 1999-10-28 1 Shoeb Kagda - Message meant to calm no fixed exchange rate/ystem i Pram Shoeb Kagda in Jakarta INDONESIA'S new chief economics minister, Kwik Kian Gie, yesterday indicated that he would not deviate from th? broad macroeconomic policies of the previous government, a message clearly directed756 words
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433 1999-10-28 1 Siow Li Sen - exclusive Brisk trade as six seats change hands this month By\ Siow Li Sen [SINGAPORE] The price of a seat on Simex, Singapore's financial derivatives exchange, has soared to as much as $328,000 ahead of the Dec 1 merger of the433 words
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Advertisement212 1999-10-28 1 DBSOPB Top stories Warrants: SES won't allow discretionary pricing. Pgs 4, 8 Japan, S Korea to finalise trade accord this year. Pg 18. BT Comment Vital to clear the air on stock options. PgB 't Exec Suite J 2 -11. R t v I i I I v js Service212 words
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Advertisement8 1999-10-28 1 S*pore firms doing better in Q3, Next Page8 words
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ON THE grapevine
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Article105 1999-10-28 2 THE secretive Government Investment Corporation of Singapore (GIC) made a small revelation yesterday on a small part of its operations. After half an hour of mind-numbing platitudes about the role of analysts, Jimmy Lam, GIC head of equities research, told participants at a fund management conference that105 words
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Article, Illustration101 1999-10-28 2 ONE of the perks of being married to Neil Montefiore, the chief executive of Mobile One (Asia), is that you get to kiss the greats of tennis such as Bjorn Borg, Mats Wilander, Henri Leconte and Vijay Armitraj. The affable Rosie Montefiore took it all in her101 words
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59 1999-10-28 2 MORGAN Stanley Dean Witter Asia chairman John Wadsworth likes to be provocative to wake up an audience. In a recent presentation in Kuala Lumpur, he threw up a poser: "What's the difference between Jurassic Park and Wall Street? The answer "One is an amusement park59 words
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Article125 1999-10-28 2 IN his latest newsletter, chartist David Puller offers his view of world equity markets. "I think the fear of higher interest rates and perhaps some Y2K concerns will continue to weigh on most stock markets. Meanwhile, they remain confined to broad trading ranges at best. We125 words
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Article, Illustration543 1999-10-28 2 Quak Hiang Whai - S'pore could play catalyst role to help restart Indonesia's economy From* Quak Hiang Whai in Hongkong SENIOR Minister Lee Kuan Yew yesterday gave high marks to the new line-up in the Indonesian government and said Singapore could play a catalystTHIANG YU MING/ST - 543 words
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Article, Illustration392 1999-10-28 2 Audrey Tan - Sales and profits up but sentiment dampened by fewer new orders Byi Audrey Tan [SINGAPORE) Singapore firms continued to improve on their profit and sales performance in the third quarter, but businessmen have turned less optimistic on their immediateSource: CBRO - 392 words
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Advertisement395 1999-10-28 3 Unleash the power of foreign currencies. I I m W' m A'-"' ~fl r r H| I^^^^■■■■■l I I Presißt Cffltit AplfMii 5 T3BPu* I I (ivißr 3IH Ifi Mr™\,M ft KTCnVf H- tMPV V 111 R,.>" Start trading with the Citibank Professional Currency Trading Account. If you're a sawy395 words
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SINGAPORE companies
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Article, Illustration576 1999-10-28 4 R Sivanithy - 'No' to price-fixing discretion; underwritten issues: price-fixing to precede nil-paid trading By R Sivanithy THE Stock Exchange of Singapore (SES) will no longer grant companies the discretion they currently have when it comes to fixing the exercise price of warrants576 words
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Article, Illustration560 1999-10-28 4 Andrea Tan - It wants to focus on building up S'pore ops, says president By, Andrea Tan CONTRARY to market talk, Overseas Union Bank is not gofeig to acquire troubled foreign banks at least, not for now. OUB president Peter Seah denied the rumours yesterdayCHRIS LOH - 560 words
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347 1999-10-28 4 Ling Su Ann - By\ Ling Su Ann THE world's largest manufacturer of landing gear systems, Messier-Dowty International, yesterday signed a deal with Singapore Aerospace Manufacturing (SAM) to form a Joint venture to produce landing gear assemblies and related components. The joint venture, which is split 50:50, will347 words
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Article76 1999-10-28 4 IN our Oct 23 story headlined "ST Engg's nine-month profit Jumps 24%", we were wrong in reporting that an ST Aero unit wUI be signing a joint venture agreement with Messier-Dowty International. Also, Unicorn International will not be renamed ST Integrated Services as incorrectly reported, but wUI76 words
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Advertisement7 1999-10-28 4 3 HITTING THE WEB! clubciti.com.sg ClubCiti SINGAPORE7 words
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Advertisement9 1999-10-28 4 Warrants SES won t allow discretionary pricing, Pg 89 words
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Advertisement145 1999-10-28 5 i After 140 years of permanent residency in Singapore, we are proud to receive citizenship. We would like to take this opportunity to thank the nation and more personally, Today we are the only foreign bank that drives our core businesses globally our customers, business partners and employees, who made145 words
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SINGAPORE markets
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Article, Illustration212 1999-10-28 6 R Sivanithy - WARRANT WATCH -By] R Sivanithy FROM its latest news release, it appears that Acma Ltd is intent on reinventing itself. It has tied up with three property developers to set up a property Web site, in what some observers212 words
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Article422 1999-10-28 6 Stocks Votow CM Telecom HK75C 11,460,000 'Gcnting Int 8,019,000 DBS Land 6,929,000 Wing Tal 25c 6,104,000 GES Irtl Lid 20c 4,456,000 ChuanHup 4.136,000 SingTel 15c 4,128,000 NOL 3526,000 ICTHK10C 3,334,000 McdtacsUSSc 3534,000 Stocfca 8 OCBC 31,259,209 SIA *****.489 DBSGrp 27,706,060 DBS Land 20,755,930 SPH *****.431 KeppelCorp 13,900,600 NatEleclOc 13,433,330 SingTeM5c422 words
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Article, Illustration549 1999-10-28 6 r. sivanithy - i J comment STOCKS r. sivanithy A SUDDEN rise in the Japanese yen and fall in the S&P 500 futures contract yesterday left the Straits Times Index nursing a 24.55point loss to 1,968.98. The loss came as the market continued549 words
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Article, Illustration263 1999-10-28 6 Teh Hooi Ling - HOT STOCK By Teh Hooi Ling CHUAN Hup Holdings' share price yesterday closed unchanged at $1.77 with some 4.1 million shares traded. The 10day average trading volume is 1.6 million. Prior to yesterday, this counter had posted gains in the previous four consecutive sessions,263 words
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Article107 1999-10-28 6 Thursday, Oct 28 Singapore ♦9am. Seminar on management challenges in the new millennium, National University of Singapore ♦10am. Press briefing on 4th Asean law ministers meeting ♦3pm. International Advisory Council meeting with SM Lee Kuan Yew United State* Washington! 8.30 am. Commerce Department reports its advance estimate107 words
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Article, Illustration484 1999-10-28 6 larry wee - comment CURRENCIES Intervention unlikely before 101 or 102 yen against the US dollar, if at all larry wee STRONG buying of the Japanese yen against the currencies of G-7 countries was the dominant feature of Asian trading yesterday, while profit-taking saw regional484 words
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Advertisement174 1999-10-28 6 --^mm Special Feature November 30, 1999 Ttl z The tide has turned. The shipping industry has picked up dramatically in the past year. If s all systems go! Around the world, aging fleets have to be repaired, converted or z replaced and local shipyards can develop more market depth. ♦i174 words
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Advertisement15 1999-10-28 6 Toothache? See- your dentist Investment advice 7 You need rpr investor Online 323-3955 >I<l )KSBANK15 words
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SINGAPORE companies
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Article, Illustration538 1999-10-28 7 Eugene Low - 16m for public; offer priced at historical PE of about 10 times By\ Eugene Low TENTATIVE market conditions have not deferred main-board-bound Asiapower Corp's listing plans. The group yesterday launched its initial public offer of 80 million shares at 26 cents each.ARTHUR LEE - 538 words
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418 1999-10-28 7 Teh Hooi Ling - By 1 Teh Hooi Ling CHINA Toll Bridges and Roads (CTBR) intends to raise about US$4O million (5566.8 million) from its Singapore initial public offer to part-finance the construction of its third bridge in China. Managing director Nelson Chiu told BT that418 words
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621 1999-10-28 7 ruth wong - ruth wong THE merger between Southern Bank Bhd and BHL Bank Bhd is proceeding along smoothly. Slightly more than two months after Southern Bank triggered the takeover code in agreeing to buy United Merchant Group's 43 per cent block in BHL621 words
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Advertisement117 1999-10-28 7 c V^/V k i r AT UPS, WE DON'T JUST DELIVER PACKAGES. WE ALSO DELIVER MJA H MB■ AH Wi'flb our technologically advanced digital system, E E 111 II v .you 7/ b<? tfbfe to confirm receipt of your package by viewing the recipient's signature 0 .What's more you'll also117 words
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SINGAPORE news
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Article, Illustration637 1999-10-28 8 Kalpana Rashiwala - I=ll exclusive More A/X Armani Exchange shops opened, planned in S'pore, KL, Sydney By Kalpana Rashiwala CHRISTINA Ong has begun expanding parts of her fashion empire once again following the ebb of the regional economic crisis, starting with A/X Armani Exchange. Her ClubARTHUR LEE - 637 words
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421 1999-10-28 8 Quak Hiang Whai - Prom Quak Hiang Whai in Hongkong THE Singapore government wants to divest its major stakes in listed companies such as Singapore Airlines, Neptune Orient Lines and DBS Bank but it would take time to find new top quality shareholders and management421 words
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Article, Illustration198 1999-10-28 8 PRESIDENT Kim Dae Jung is a realistic man who has been able to put aside personal emotions to forge ahead despite his battle-scarred political career, Senior Minister Lee Kuan Yew said. Asked for his impression of the South Korean leader whom he met for the198 words
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905 1999-10-28 8 Soh Sun Oh - MAXLBAG Soh Sun Oh Public Affairs Manager Stock Exchange of Singapore Ltd Singapore WE refer to R Sivanithy's comments on the fixing of the exercise price of Want Want warrants ("Want reason to shun nil-paid rights", BT, Oct 16; and "Wall Street dive casts905 words
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Article, Illustration744 1999-10-28 8 kenneth james - agtfiiiiinmilJl TECHNOLOGY Technopreneurshlp can be boosted only with equitable tax treatment of stock options kenneth james The writer, BT's Technology Editor, welcomes comments at kenjames@sph.com.sg IT was a gathering of some of Ireland's top software executives and high tech financiers and744 words
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285 1999-10-28 8 Marissa Chew - By: Marissa Chew THE Jurong Town Corporation has launched factories that are customised for food production in Tuas and MacPherson. The new factories are in response to feedback from many food companies. "We have received many enquiries from companies on specialised food factories," said285 words
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283 1999-10-28 8 Soh Tiang Keng - By I Soh Tiang Keng ASIA Insurance Company is poised to do business in cyberspace, both directly and through its agencies. The company plans to introduce a direct Internet channel by the end of this year, as an additional purchase option for283 words
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640 1999-10-28 9 Jennifer Lien - S'pore also keen to work with Hongkong and extend beyond region, says DPM From Jennifer Lien in New York MOST of the pieces in Singapore's financial reforms are in place, with details on insurance liberalisation measures likely to be finalised in640 words
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Article, Illustration344 1999-10-28 9 Kalpana Rashiwala - mi»Fr.nvFmM District 10 site of 125,134 sq ft expects to fetch $175 m By. Kalpana Rashiwala THE owners of the 88-unit Dragon View Park at Jalan Mutiara have teamed up to seU their property en bloc. If the District 10 freehold property fetchesFILE PHOTO - 344 words
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Article, Illustration336 1999-10-28 9 Marissa Chew - the economy f&b revenue By\ Marissa Chew FOOD and beverage revenue continued to contract in July, even as the number of F&B outlets fell over the same period. Latest Singapore Tourism Board statistics show that F&B sales fell 4.5 per cent in July, fromSource: STB - 336 words
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Advertisement37 1999-10-28 8 You can email us at btietterQsph. com. sg, fax to us at *****71, or mail your letter to The Business Times, Times House, 390 Kim Seng Road, Singapore*****s. Please give your full name, address and telephone number.37 words
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Advertisement175 1999-10-28 9 4B j^^Hl IfV V H I i shades is matched with a distinctive magnesium frame. There are even little touches, like a matching ring on the sculptural antenna for each colour. It S smart. From profiles, to voice dialling/ answering, to an active flip, to a built-in vibrate alert, to175 words
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Advertisement17 1999-10-28 9 EATS THE WEEKEND Yummy ideas for eating out this weekend The New Paper Fastads, every Friday. #4JJitITO17 words
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EDITORIAL & opinion
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Article, Illustration723 1999-10-28 10 robert samuelson - SF7TT4 .bottom line OPINION robert samuelson WE ail "know" that going to college is essential for economic success. The more prestigious the college, the greater the success. It's better to attend Yale or Stanford than, say, Arizona State. People with the same raw723 words
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Article99 1999-10-28 10 'Don't get caught with a frog in your throat' -Si^o«tiideaßrtti>hn|Mrinarket urging customers to avoid French food products because the French refuse to import British beef. 'Right now, you have 100-200 point swings in the Dow. This is going to make 200-300 swings a regular phenomenon.' Larry Wacfol99 words
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Article607 1999-10-28 10 EDITORIAL PREFERENTIAL trading and investment arrangements among groups of nations have proliferated in recent years and acronyms such as the EC, Nafta, Afta and Mercosur have become part of the lexicon of regionalism Yet among East Asian countries, which collectively account for some 20 per cent607 words
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Article, Illustration1139 1999-10-28 10 Anthony Rowley - Ditching the law enacted to prevent over-exposure of US banks is not prudent By. Anthony Rowley The writer is BT's Tokyo correspondent IT IS remarkable how short memories can be. Investors in a bull market forget that there was ever suchFILE PHOTO - 1,139 words
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Article, Illustration944 1999-10-28 10 Case for trade round FEW things concentrate the mind like fear of failure. Less than Ave weeks before the World Trade Organisation's ministerial meeting in Seattle, governments appear to recognise that launching a new trade round there will require deeper political commitment than they have displayed944 words
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MALAYSIA news
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647 1999-10-28 11 Ruth Wong - New shareholder financially, technically strong From, Ruth Wong in Kuala Lumpur WITH the entry of Norway's Telenor International as a new substantial shareholder, Malaysia's mobile phone company DiGi Swisscom Bhd expects to spend more on capital expenditure to grow the company647 words
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Article, Illustration737 1999-10-28 11 Wim bank mergers KUALA LUMPUR Merged groups must each have shareholders funds ofatleastßM2b Bloomberg MALAYSIA has laid down fresh rules to combine the country's 58 financial institutions, in a bid to rescue its controversial merger plan, after it was derailed last week byBloomberg - 737 words
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422 1999-10-28 11 Diana Oon Abdullah - Company likely to better profit forecast of RM256m: director Prom'. Diana Oon Abdullah in Kuala Lumpur AIRPORT managers Malaysia Airports Holdings Bhd (MAHB) are confident of a strong reception for their re-cently-launched initial public offering from local and foreign investors based422 words
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MARKET moves
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Article63 1999-10-28 11 PANGLOBAL rose 11 sen to 1.06 Malaysian ringgit following its disclosure of a string of corporate exercises and asset disposals to help remove its debt of over RMSOO million (SI 219.4 million). Besides issuing shares and loan stocks, the company, which is under court protection63 words
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Article55 1999-10-28 11 CASINO group Genting and Resorts World inched up despite a generally weak market. Genting gained 50 sen to 13.90 Malaysian ringgit, while subsidiary Resorts World inched up 10 sen to RM10.50. Besides their healthy balance sheets, a dealer said the government may not raise gaming taxes in55 words
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Article52 1999-10-28 11 Eddie Toh - Compiled by Eddie Toh UNITED Engineers Malaysia (UEM) slipped 10 sen to 6.55 Malaysian ringgit due to lukewarm response to its plan to buy over frozen Clob shares. The Securities Investors Association (Singapore), which represents some Clob investors, felt that UEM's offer fell short of52 words
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239 1999-10-28 11 KUALA LUMPUR AFP MALAYSIA'S state asset management agency Danaharta said yesterday that it would take over another 8 billion Malaysian ringgit (553.5 billion) in problem loans by March 31. Danaharta said in a statement that it will now be embarking on a "secondaryAFP - 239 words
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Advertisement104 1999-10-28 11 New Zealand Freehold Managed Investment Opportunities BRAND NEW COMPLETED SEPTEMBER 1999 •5 STAR QUALITY FEATURES INCLUDE: Tennis court Swimming pool —Gym Outstanding harbour dty views, overlooking America's Cup Base »IK) CAPITAL 6AINS TAX OR STAMP DUTY VISIT HriotMl Auckland Bayleys Real Estate New Zealand Property Exhibition Djneh Macky 64 >35104 words
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SOUTH east asia
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Article, Illustration116 1999-10-28 12 AFP [JAKARTA) Indonesia's centra] bank will issue a new 100,000-rupiah banknote next week to ease an increasing number of cash transactions, the bank said yesterday. The new 100,000-rupiah bill, worth US$l5 (5J24.50) at the current exchange rate, will replace the current 50,000 banknote as theAFP - 116 words
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461 1999-10-28 12 SINGAPORE David Roche says it will take little to kick-start the beleagnered economy Reuters INVESTMENT strategist David Roche said yesterday he maintained his long position on Indonesia and advised taking a similar position on the rupiah. "We've been favourable toward Indonesia for a longReuters - 461 words
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382 1999-10-28 12 JAKARTA Investigation into graft to open 'as soon as possible': A-G AFP THE new Indonesian government of President Abdurrahman Wahid will reopen a graft proite into former president Suharto, AttorneyGeneral Mtrzuki Darusman said yesterday. "The case needs to be processed by theAFP - 382 words
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267 1999-10-28 12 JAKARTA AFP TWO more key figures in Indonesia's murky Bank Bali affair are heading for arrest as the new government moves quickly to clear up a scandal which has blocked badly needed aid disbursements. The Kompas daily yesterday quoted national policeAFP - 267 words
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Article, Illustration370 1999-10-28 14 Al Labita - SingTel's joint venture company reaps 661 m peso gain in first 9 months on 75% rise in turnover From, Al Labita in Man ila SINGAPORE Telecom's listed Philippines unit booked a higher-than-expec-ted after-tax profit in this year's first nine months, beating most stockAFP - 370 words
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416 1999-10-28 14 BANGKOK Plans to refinance USs29om debt will cnt interest by USs3m a year Bloomberg SIAM City Cement Pel, Thailand's second-largest cement maker, said it plans to refinance about US$29O million (*****.5 million) of its debt by year's end throughBloomberg - 416 words
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427 1999-10-28 14 MANILA Bloomberg CAP Homes Inc. the Philippines' largest homebuilder, halted payments on 14 billion pesos (*****.7 million) of debt, acknowledging it can't meet repayment demands as sales slump and earnings sag. C&P, which once had a market capitalisation of US$2.6 billionBloomberg - 427 words
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Advertisement148 1999-10-28 12 Some things in life are specifically designed and built to inspire awe. The new Bora is one of them. While it's quick to catch attention with its attractive design, it has even more to offer once you're in the car. With its superb handling, you'll discover a new pleasure in148 words
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Advertisement181 1999-10-28 13 The Business Times. Thursday. October 28,1999 099 LON^KES* OFFICIAL PARTNER OF SYDNEY 2000 J jj t HNEBfeM^^HjjK» *«f r i W*>» i Longines DolceVita Diamond Gold Collection LONGINES' L'elegance du temps depuis I&Q2 S Gold Authorised Retailers: Domestic ALL WATCHES (Lucky Plaza) Tel: 732 7673 CHEW CHEOHG TIME (Century Square)181 words
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Advertisement234 1999-10-28 14 Discover Digital Document Solutions. Come attend our free seminar and find out how Xerox' Document Centre Solutions can help your company to save cost, increase productivity and boost efficiency. Because unlike other multifunction machines, Xerox offers you much H more than just copying, faxing, printing and scanning functions. For example,234 words
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Advertisement89 1999-10-28 14 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and_ professionaTa3ministration services are available We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For further89 words
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EAST asia
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374 1999-10-28 15 BEIJING Poshing foreign investors oat of telecoms could hurt China: analysts Bloomberg, FT THE Chinese government has stepped up pressure on foreign firms to exit joint ventures with the nation's sec-ond-largest phone company, though analysts warned that pushing overseas investors out of telecommunications, includingBloomberg,; FT - 374 words
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216 1999-10-28 15 TAIPEI Reuters TAIWAN now expects its economy to grow just 5.4 per cent this year, below its September forecast of 5.5 per cent, as the impact of last month's earthquake was more serious than expected. "The impact of the earthquake is evenReuters - 216 words
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Article, Illustration241 1999-10-28 15 BEIJING AFP CHINA'S insurance companies will be permitted to enter the stock market to invest in mutual funds, giving them another channel to invest their income from premiums, state media reported yesterday. Now they are only allowed to make bank deposits andAFP - 241 words
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Advertisement156 1999-10-28 15 ITfeßro'remaiyways I ts treasure your MMMMIK I fthema provides liftvan storage fl for personal effects you have no < use for at the moment and do not wish to dscard for sentimental or I ottief reasons S Store your surplus furniture and I effects with us at a reasonable fl156 words
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Advertisement184 1999-10-28 15 WMmis IN ONE THE NEW SAMSUNG SGH-800 Ultra Large LCD Screen I Real vision largest LCD display in SPFPIAI I Singapore. Displays up to 8 lines of text wrLvlfiL I I'll I (.r Stay in control personal Information Management features that includes: Scheduler, t i (Only for Champagne Gold) Be184 words
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SOUTH asia
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122 1999-10-28 16 BOMBAY AFP GLOBAL Internet brokerage T D Waterhouse Group has taken a 49 per cent equity stake in Indian brokerage Tata Finance Securities Ltd (TFSL), reports said yesterday. The Economic Times said the deal signalled the first ever investment made by any foreignAFP - 122 words
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292 1999-10-28 16 NEW DELHI It's similar to bill presented last Dec before govt lost confidence vote Reuters THE Indian government is likely to present legislation in Parliament today which seeks to throw open the protected domestic insurance sector to private Indian and foreign companies,Reuters - 292 words
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Article, Illustration102 1999-10-28 16 WASHINGTON Bloomberg US President Bin Clinton (right) win likely give India another reprieve from economic sanctions this week, securing an export market for American farmers, a White House official said. The US Department of Agriculture is clearing the way for Mr Clinton toBloomberg - 102 words
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266 1999-10-28 16 KARACHI Ishrat Hussain tipped to replace existing governor Bridge, Reuters A SENIOR World Bank official was tipped to be appointed as Pakistan's new central bank governor yesterday replacing the existing governor who was appointed on Tuesday by the National Security Council (NSC),Bridge,; Reuters - 266 words
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Article292 1999-10-28 16 BOMBAY Earnings helped by extensive distribution network: analysts Bloomberg HINDUSTAN Lever Ltd, India's biggest consumer products company, said thirdquarter profit rose in line with forecasts, buoyed by strong demand for its tea, soap and detergents. The Indian unit of AngloDutch UnUever Pic said net incomeBloomberg - 292 words
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Advertisement225 1999-10-28 16 appetising events Arm ijr.P. BASTIANI J RESTAURANT Menu Gastronomique Saturday, 30 October 1999 575.00+++ per person VjfrQ Enjoy a sumptuous meal in our Menu Gastronomique paired with grear wines of Rosemount Estate to m enhance spcdaiitks like Tuna-wrapped Oysters, Chicken Shataki Ran, Rabbit Braised Turnip Lasagna and Gflied Veal Teaderioin.225 words
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WORLD news
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415 1999-10-28 17 WASHINGTON Value of new orders dropped to seasonally adjusted USs2o4.9b Reuters ORDERS for costly durable goods fell for the first time in five months in September, dragged lower by weak demand for new cars and aircraft, the Commerce Department said yesterday.Reuters - 415 words
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243 1999-10-28 17 NEW YORK THE effects of year 2000 computer problems or failures would stretch beyond the weekend of Dec 31 to Jan 1, say experts. "Most of the scenario planing around Y2K has focused on the 24-hour period that begins on Dec 31,1999 and ends243 words
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402 1999-10-28 17 SINGAPORE This may derail Asia's nascent economic recovery Reuters HONGKONG-BASED market guru Marc Faber, also known as Dr Doom, said yesterday Wall Street could fall by "a minimum" of 50 per cent from current levels, derailing Asia's nascent economic recovery. "FiftyReuters - 402 words
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Article, Illustration253 1999-10-28 17 PEOPLE NYT. FT [NEW YORK] Robert Rubin, arguably the best known financier of his generation and the recently retired treasury secretary, has taken a top position at Citigroup, the nation's largest financial services company. Mr Rubin, 61, and the former top official of GoldmanNYT.; FT - 253 words
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762 1999-10-28 18 Anthony Rowley - \-ii exclusive Trade, investment agreement could be enlarged to include China, Taiwan From. Anthony Rowley in Tokyo JAPAN and South Korea hope to finalise reports by the end of this year on a proposed preferential trading and investment arrangement between the762 words
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Article, Illustration364 1999-10-28 18 Christopher Tan - SINGAPORE It'll be separating major shareholders from management Reports by Christopher Tan CHAEBOL under reconstruction Hyundai seeks to separate its major shareholders from its management, and is hopeful of meeting all its debt requirements. "By year-end, we have to eliminate all personal debt guarantees,"364 words
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591 1999-10-28 18 YESTERDAY'S presentation included a rundown on each Hyundai core business, excluding financial services. Hyundai Electronics: It makes mainly semiconductors, followed by telecommunications equipment, monitors, liquid crystal displays, and automotive electronics. The world's largest DRAM maker, it had 20.8 pa* cent of the591 words
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369 1999-10-28 19 TOKYO Currency rallies to near 3V2-year high; stocks foil AFP INVESTORS scurried to snap up the yen yesterday on news that Japanese authorities may upgrade an official forecast for anaemic economic growth this financial year. "We are considering a review in thatAFP - 369 words
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460 1999-10-28 19 NEW YORK LAT-WP, FT IT'S getting tougher to find high-dividend-yielding stocks in the Dow Jones Industrial Average. And that may pose a challenge to followers of the "dogs of the Dow" investing strategy with Tuesday's changes in the DJIA components which acknowledges an eraLAT-WP,; FT - 460 words
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Advertisement349 1999-10-28 17 65 DAYS «'^^■BL k HI »JBB Kb _JmH f ifT kjm^H P| IBw Jam bMß|^^H f* *"**'*3l! Bj >/ w JBB^H J. —«s2sl fl. J^Hsyk. K I r H Hk V y B Sfl Vxl .W&&M B B K//- a Htf BfcJ X X < L/ I jb \kijitfßite K349 words
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Page 18 Advertisements
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Advertisement1259 1999-10-28 18 I Q UniCredito Italiano s.p.A HEAD OFFICE: MILAN (ITALY) UNICREDITO ITALIANO SPA SINGAPORE BRANCH 80 Raffles Place, #51-01 U. 0.8. Plaza 1, Singapore *****4 Consolidated Balance Sheet Consolidated Statement of Income As at Dscember 31,1906 Aaat Dacamtor 31,1998 (millions of Italian Lire) (millions of Italian Lire) 31/12/98 31/12/97 31/12/* 31/12/971,259 words
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Advertisement72 1999-10-28 18 Editorial, Pg 10 Masterclass Series A rare opportunity to spend two days with Professor m Peter Doyle, one undisputed masters of modern HH marketing. Ihhhmhhhhhhhhhbhhhmi A workshop for senior executives 2-3 November |^b H Trader's Hotel, Singapore IH A programme for younger managers Hi 4-5 November 1999 Trader's Singapore For72 words
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Page 19 Advertisements
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Advertisement243 1999-10-28 19 I MONT° j BLANC i In times that are changing ever faster; we need things which > preserve the moment. mmJWwIIT 7 .UrisimwJt Chfnefntfjt Svnnitu Surl THE ART OF WRITING YOUR LIFE ffriliig Instruments Wo 11 k«s Leather Jewellery Eyewear Montblanc Boutiques: Ngtt Ann City 401-34, RufHtt City 901-3 7A.243 words
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Page 20 Advertisements
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Advertisement1366 1999-10-28 20 I EH! Allied Irish Banks pic I I fj|3 (Incorporated in the Republic of Ireland with Limited Liability) I ■mSH Exchange Rate: IR£l U551.4815 as at 31 December, 1998 I I Consolidated Balance Sheet Consolidated Profit Loss 1 I 31 December 1998 Account for he year ended 31 December 19981,366 words
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Advertisement104 1999-10-28 20 NOTICE IS HEREBY GIVEN that I, UM AH PHANG of Apt Blk 453, Fajar Road *07-704 Singapore *****3, have applied for a Retail Liquor Shop Licence in respect of M/s Esy Minimart located at 44A, Jalan Lam Sam Singapore *****3, and that this application will be considered by the Liquors104 words
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Advertisement1364 1999-10-28 20 NOTICE or EXTRAORDINARY OBNERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at the Boardroom. No.lo Changi South Lane, #07-01. OSSIA Building Singapore *****2 on 12 November 1999 October at 10.00 a.m. for the purpose of considering and. if thought fit, passing1,364 words
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Advertisement577 1999-10-28 20 TODAY©***-*** p Llanhe laobao -ftCSM ,wm BSJttK -mmw* THE COMPANIES ACT. CAP. N BRIDGES WORLDW®E(S)PTIL TO tlm U/lnitlM.i kail (II fOiUnUrf Wlmllng*(ip| At an Extraordtaary General Meeting of the abovenamed company Md on the 28th day of October 1999 to Mowing Spyfti Resolution was duly pessad:THAT th« Company ba wound577 words
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FINANCE & commodities
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309 1999-10-28 21 Daphne Toy, Jardine Fleming - SMELReports MMflhippnnftTnAHP Daphne Toy, Jardine Fleming THE Singapore stock market continued to languish in directionless trade yesterday with the strong 14.2 per cent growth in industrial output in September having no positive impact on the market. The negative sentiment continued to persist amid US309 words
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Article212 1999-10-28 21 Cecilia Woo Refco Singapore - MSC3 Taiwan (Mores Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures yesterday failed to maintain the optimism of the recent past after the Dow's loss of 47.8 points in overnight trading. The Taiwan Weighted Price Index gained 0.93 point, giving players no clear212 words
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Article180 1999-10-28 21 HKHBOTBSPOST Reuters [LONDON] World oil prices crawled sideways yesterday following a mixed bag of US petroleum inventory *statistics and progress in repairs at a big North Sea oilfield. j<t International marker Brent crude was trading two cents up at U5522.72 a barrel inReuters - 180 words
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Article328 1999-10-28 21 Reuters London THE euro dropped to onemonth lows against the US dollar yesterday, undermined as losses in euro/yen overshadowed stronger-than-ex-pected M 3 money supply data from the 11-nation single currency area. The euro fell as far as U551.0534, its lowest since the end of September, as the yen'sReuters - 328 words
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Article, Illustration650 1999-10-28 21 OTTBRBAMS CROSS RATES cm 27 f» It Mr WKt MHWi tM 1 .a Nit, N K W MM 9m* 1 mmtm o.964 km osm 19m un um hjmmms asm 74M m?2 12*23I4M2<948 uk mm assiisjm zist ami q*m CM L047 5635 0440 4210 1255 5276 ***** 46.50 0.708 1150 2.580650 words
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Article411 1999-10-28 21 mil Imm Crept SsJKJJ S£ ntS Bj-V |jp SoS J***"* jjjo now POELA 0ct2G ammimmm. > 'A *m* wSS iwwo «mS «E5 *0*99 1059.50 1MU0 *H0.50 PMCS3XD MUf OIL MAN* ONtjMM) ******4450) PMUKOMKMLIMAmm i HH MM Oct 27 (ha WM' r amy****— 1 ;#'W HVrfft Spssof g7JQg»J0 Ms wS^wo nmym411 words
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STOCKS east asia
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Article, Illustration2658 1999-10-28 22 HONGKONG AFP QHAii«Seii« -8&31 HONGKONG share prices dropped 0.7 per cent yesterday as investors were sidelined following an overnight decline on Wall Street and ahead of the start of trading in a government fond, dealers said. "Sentiment is cautious and mostAFP - 2,658 words
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Article1955 1999-10-28 22 TOKYO AFP Hamas jM SHARE prices in Tokyo fell 1.6 per cent yesterday as investors sold off exporters and high-technology issues because of a rising yen, brokers said. The key Nikkei Average of 225 selected Issues lost 289.43 points to close at 17,382.36. The TopixAFP - 1,955 words
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Article, Illustration896 1999-10-28 22 AFP, Reuters H Steuben B Into *438 SHENZHEN'S B shares soared more than 5 per cent yesterday, helped by strong gains in the A share market on news the government had allowed domestic insurers to buy into domestic securities mutual funds. The B Share Index surged 4.38 1 points,AFP,; Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 896 words
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Article339 1999-10-28 22 QWPlndaz «U3 TAIWAN share prices closed marginally higher yesterday in thin trading, dealers said. The Taiwan Stock Exchange Weighted Price Index edged up 0.93 point to on turnover of NT$62 billion. "Investors are reluctant to enter the market before all corporate results for the third quarter are released at339 words
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Page 22 Advertisements
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Advertisement50 1999-10-28 22 MONT BLANC The new Montblanc Platinum Line: in homage to the exceptional for a style in which less is more. A classical design combined creates unique, pure SILVER GOLD|PLATINUM Boutiques MonfMcnc BoutUjum. SgtiAnn City 001-34, RaffUs City 801-37 A, Paragon 901-18 Comm. Watch Palaa, TktArtof Lmthfr Sarrk* Contra: Paragon *01-1850 words
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STOCKS klse
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Article, Illustration346 1999-10-28 23 AFP rl Composite Into *KM MALAYSIAN share prices closed 0.3 per cent higher yesterday on light buying of key blue chips, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 2.06 points to finish at 738.27. The Second Board Index wasAFP - 346 words
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Article7735 1999-10-28 23 nymim '> ti'iW 1 >yy I ■WVIIRMH C" •«*>. CutMr protects ItM LMt Vat Day tm Cap H4ph lw cimwy tan «A "000 High Law P/« jwg 440 295 Ajlnpmptp 310 unch 2 310 310 19.7 UU 174 44 Anqkasa 99 -4 7 99 93.5 Mai 404 220 AppNo Food7,735 words
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Page 23 Advertisements
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Advertisement108 1999-10-28 23 NOTICE IS HEREBY GIVEN that I, STELLA MAK WING YIN of 32 Robin Road, Singapore *****7, have applied for a Public House, 2nd Class Licence in respect of M/s Aussie Connection Pte Ltd located at 3 Temasek Boulevard *01-126, Sun tec City Mall Singapore *****3, and that this application will108 words
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Advertisement106 1999-10-28 23 NOTICE IS HEREBY GIVEN that I, TAN CHIM PENG of Blk 862 Woodland St. 85 *04-186 Singapore *****2, have applied for a Retail Liquor Shop Licence in respect of M/s Top Choice Superiturket located at 491, River Valley Road *01-14 Valley Point, Singapore *****1, and that this application will be106 words
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SES clob & regional stocks
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Article2423 1999-10-28 24 BONDS &WARRAMTS Oct 27 M Mi I* IHM Lat M Bay UiHiiIi »1 Immt Can Car CaM Mb* mm u» ttm n»nn «*r- nw u» fcg w» n nwn m» <%> 104 10 3160 *Actr W*****1USS 41.5 -0.5 293 42.5 41.5 41.5 42 311 1 156 80 2 65 212,423 words
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Article271 1999-10-28 24 AFP Q Composite Index -&59 THE Korea Stock Exchange Index closed down 3.59 points at 793.42. Volume was 223.9 million shares worth 1.9 trillion won.— AFP QUIT AnamSamt >4450 -50 ■rakiTvdi 2070 -90 Cantra< Bank 2»0 -40 CtMUCMMl ***** -1400 Ow Gu Bank 4190 -130 OaaungCorp 4005 -It5 DaewooAFP - 271 words
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Article270 1999-10-28 24 AFP Pjufc *34.63 PHILIPPINE shares closed 1.8 per cent higher yesterday on strong follow-through buying, brokers said. The Philippine Stock Exchange Composite Index rose 34.63 points to close at 1,962.28. Volume reached 1.6 billion shares worth 1.7 billion pesos.—AFP Oct 27 N» root) MRC Ailed 0.75 0.03 500 AbacusAFP - 270 words
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Article266 1999-10-28 24 AFP QWeOiigUm -17jB NEW Zealand share prices fell 0.8 per cent yesterday, dragged down by selling in leading stocks including Telecom Corp. The NZSE-40 Capital Index ended 17.52 points off at 2,073.52 on turnover of NZ$7B.l million, with losses outpacing rises 56 to 32. mn m *h mm Advanta«aAFP - 266 words
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Article524 1999-10-28 24 AFP □AH Ordinary* -L 2 AUSTRALIAN shares closed 0.04 per cent lower yesterday despite an initial adverse reaction to new inflation data, brokers said. The All Ordinaries Index closed just 1.2 points down for the day at 2,829.5. The All Industrials dropped 4.7 points to 4,895.5 but the AllAFP - 524 words
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Article, Illustration787 1999-10-28 24 AFP F1 SET Index +<107 THAI stocks closed barely changed yesterday amid selective buying as investors awaited crucial US economic data, dealers said. Only electronics stocks attracted significant interest and the market is likely to see more sparse trading in coming sessions, analysts said. The Stock Exchange of ThailandAFP - 787 words
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Article, Illustration574 1999-10-28 24 AFP fl Composite Index -17.73 INDONESIAN share prices closed 3 per cent down yesterday on follow-through selling amid concerns over the new Cabinet lineup and regional market weakness, dealers said. A dealer at a local brokerage said market sentiment was negative throughout the day as a result of disappointmentAFP - 574 words
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Page 24 Advertisements
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Article8085 1999-10-28 25 MAIN BOARD Transaction date: Oct 27 fir fir M Wt Mm List Vol Day La it Ouota CM* M« YM Nat Cap Avg M>g* L— »Wta Cimpaay Sa>a COOP) High Law 8uyar »—ar CV P/I >wfc Plica WLTI —yiTlY 182 173 m B 1000 Acma SOc 107 id8,085 words
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Page 25 Advertisements
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Advertisement12 1999-10-28 25 The full use OF TODAY V THE BEST PREPARATION for TOMORROW m12 words
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Advertisement20 1999-10-28 25 HERMES 111$ mf hc* m£9 K 11 lm ml ~ml lIM tr fjl J ■///9H "sr j 1 »m' Im20 words
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Advertisement6 1999-10-28 25 Imagination V //.VVl' IMPORTANT t/nir) KNOWLEDGE6 words
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Article, Illustration2467 1999-10-28 26 HOB transactions between Aug 30 to Oct 2. wwum 55* ""SS ■88SS Jm 5 T m TO 3T "S «S S jltminVM/U BWnnSt12 *****5 2Map-99 «8 368 gg'' *****1 29-Sep-99 607 149 165 ggg» g |g Bt Book St 52 *****0 22-Sep-99 766 154 196 ggWgg "W04 «u SSiS.2,467 words
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Page 26 Advertisements
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Advertisement102 1999-10-28 26 Pay FIXED INTEREST RATE from date u|| m of first release NOT date of letter of offer ii." lor housing loans without hidden conditions, call us —we have been financing homes since 1950 'J *p iff; "M /V r>" We provide loans and financial assistance for your Corporate and Personal102 words
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PROFILE
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Article, Illustration1280 1999-10-28 27 PARVATHI NAYAR - Jennie Chua, president and COO of Raffles International, talks to parvatoi mayar about her new role and her philosophy as a hotelier PARVATHI NAYAR WITH her elevation last month to president and chief operating officer of Raffles International Limited (RIL), the high-profile Jennie Chua has been calledARTHUR LEE; FILE PHOTO - 1,280 words
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Page 27 Advertisements
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Advertisement650 1999-10-28 27 NOTICES fo advertise call toll tree 1800 741 1883 Fax No. 741 1298 NOTICE IS HEREBY GIVEN that I, SHAWTIAN SOON of Blk 2858 #06-94 Toh Guan Rd Singapore *****5, have applied for a Public House Ist Class Licence in respect of M/s Sports Entertainment located at 40, Siloso Beach650 words
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Advertisement99 1999-10-28 27 Imagine building a mega-resort condominium at the doorstep off Orchard Road Collective Sale off TBelle Vue ~-m i B- Jfajfeg A sprawling freehold site of Exclusive and secluded hilltop location with a charming serenity Good views of the city Walking distance to Orchard Road and the MKT eve '°p ment99 words
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SHOWCASE
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Article, Illustration848 1999-10-28 28 ANDREA TAN - The project's attraction appears to be its auspicious address and its nearness to Macßitchie reservoir, reports amdrea tan ANDREA TAN Thomson 800, at the corner of Marymount and Thomson roads, is located at what could be described as a doubly auspicious area. It hasARTHUR LEE - 848 words
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Page 28 Advertisements
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Advertisement141 1999-10-28 28 V mrwk v VP Wmm "w ■1: I 1 'mm s MS, •r.-r Thanks to a well-considered strategy of among ABX LOGISTICS customers all over the I expansion and diversification, ABX LOGISTICS is world. The concept of one-stop-shopping J now one of the 10 most important logistics saves our customers141 words
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Advertisement106 1999-10-28 28 COLLECTIVE SALE I BY TENDER §§«Jr iOOC /v Freehold Land Near Orchard Road ~~~~7*/ auatAU Ideal for inner city living w Walking distance to Orchard MRT f f Large land area of 54,798 sq ft U\ «mT«Soot Plot ratio 2.1, up to 20 storeys Excellent accessibility Existing development- J 0106 words
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Advertisement26 1999-10-28 28 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. i26 words
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COVER STORY
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Article, Illustration1338 1999-10-28 29 YU LAI BOOM,CHEW SWEE SAN - TV lai book and chew swee sam give an update of this competitive industry which is gradually picking up YU LAI BOOM,CHEW SWEE SAN The writers are from Jones bang baSalle Dr Yu is theflrm's research director, and Ms Chew is a research analyst SERVICE apartmentsSource: Jones Lang LaSalle Research - 1,338 words
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Article70 1999-10-28 29 MMMI DEVELOPER -OOTWCT LOCATION SIZE PRICE TENURE (K| A) LAUNCHED UNTTS SOLD' (I p^) 9 19 1098^2282 ~96~ S86 99-yr Lamina Oram FED 15 JlnHailiah M Tnn Bishan 8 FEO 20 980-1.572 200. 170 660 99-yr Summerhill CDL 23 HIHview 947-3,261 231 1«0 670 FH v70 words
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Page 29 Advertisements
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Advertisement169 1999-10-28 29 collective sale by tender I she area: 4,055 sqm Prime Freehold Land At Meyer Road is "a|' fl I "W Plotßatio:l.4 I <i I Vi Height: {up to 4 storeys) I B *£5, I Ideal for an exclusive luxurious condominium development s Co Kl mrmiml I Tenure: Leasehold 946 yrsß169 words
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Advertisement200 1999-10-28 29 |qrA >IH J 1 I I I I "A ~M U I I 1 I I COLLECTIVE SALE*d > BY TENDER FREEHOLD LAND H<T A^ Land area: 42,680 sq ft subject JS> Legal Description: CT VOL 266 •TlJ^ F0L173 LOT 3796 A MK22 J[< Easily Accessible to the CTE Walking200 words
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EXECUTIVE Suite
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Article, Illustration1118 1999-10-28 30 CORINNE KERK - ooßomE berk looks at the strategy being used by operators here to differentiate themselves from the competition CORINNE KERK BRANDING. It's the essential tool for anyone in the business of selling—and that includes service residences. These days, putting a brand to service apartments isn't just1,118 words
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EXEC lifestyle
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Article, Illustration391 1999-10-28 31 Leibovitz's Women a moving kaleidoscope Her exhibition focuses on American women from all walks of life miners to Hillary Clinton Reuters [WASHINGTON] Annie Leibovitz, known for her eyecatching photographs of celebrities, unveiled an exhibit on Tuesday focusing on American women, from Alabama coal miners to Vegas showgirls to Hillary RodhamReuters; REUTERS - 391 words
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MOTORING page
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Article, Illustration950 1999-10-28 32 CHRISTOPHER TAN - Hard times keep 'campaign girls' employed at Asia's top car show, reports Christopher tax CHRISTOPHER TAN PAST cars and beautifill women were once as inseparable as Samson and Delilah. But thanks to political correctness, changing customer profile (more women drove), and a more imaginative bunchCHRISTOPHER TAN - 950 words
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Article1190 1999-10-28 32 Average open m&ket value (OMV) of cars registered in September 1999 mqoelwke cc mmm mooommce oc akomvw ALFA ROMEO A156 2.0 1570 ***** WrSUB«MILANCffl13M 12® ***** Aia MTTSUBSHI LANCER 1 6A 1597 17,790 X IBTSUBHN MRAOE1 5GCI 1,468 ***** SSS MTSUBBM PAJB=C *4N 650 ***** ££tf?AA 27711,190 words
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Page 31 Advertisements
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Advertisement330 1999-10-28 31 [f¥T| j j* 1 j ..i plated /^7WkDinenc/ub Diners Club Credit Card BS|ta|H| To apply, call I I WllCrC tO Wllie, dlHe <md enier*t^lll*• b>r Intemationat .Offering the lowest Interest rate in town 290 4545 s^==== "Tunch" is the best for lunch and high tea rolled into one. Which means330 words
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Advertisement47 1999-10-28 31 Freah oysters, delectable lobsters, savoury honey-gtaed B ham, Ui Prime Rib of |ir A Beef and many more mouthf4Xa watering dishes to leave you spoilt for choice. Lunch: 12 noon 2.30pm Dinner 6.30pm 10.00pm Reservation*: 831-6271/88 111 Orchard Road. Singapore 2 JM67. 717 4411 F«*T fii 2MI47 words
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Page 31 Miscellaneous
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Miscellaneous1001 1999-10-28 31 CRYPTIC CROSSWORD 20 Top medal received in action (6) 8 what I'd be doing in the cir- YESTERDAY'S SOLUTION 30 Took off for hurried round cus ?(g) iftiHPl i iNlglbMftlAlvlAlaigl^t (8) 11 a good turn-out of servicemen 11 MoUflßßftß 31 Ring master? (6) an d women? (6,6) DOWN 15 It's1,001 words
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Page 32 Advertisements
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Advertisement67 1999-10-28 32 *]£> -*tß| Any petrol can power your car, but Formula Shell XO does more. Its revolutionary formulation 3T'' 'T'Tfa- cleans your engine as you drive, giving you a silky, smooth ride. Powerful Vaporon™ energy boosters unleash extra energy the instant you step on your accelerator. Ifs the most advanced petrol67 words
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SHIPPING TIMES
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Article291 1999-10-28 33 Bridge News, Reuters TRADING was very quiet and brokers appear undecided as to which way the Panamax markets will move. Although rates are being talked lower in both the Atlantic and Pacific, some brokers think the slippage will be minor and is likely to start moving upwards againBridge News,; Reuters - 291 words
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Article303 1999-10-28 33 SES '000 Oct 27 a tl CWT Distribution 1.20 unch 23 Chuan Hup 1.77 unch 4136 Cosco Investment 1.09 unch 0 Freight Links. 0-29 -0.01 415 CBHoidkigs 0.80 -0.02 10 Hai Sun Hup 0.63 unch 128 IMC HoWlngs-HK 5.60 unch 0 Mya HoKJirvqs 0.88 0.01 82 Jurona Shipyard303 words
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Article, Illustration468 1999-10-28 33 Ann Toh - S'pore Tourism Board rebnts US professor's criticisms of industry By. Ann Toh [SINGAPOREJThe regional cruise industry has made a quantum leap in passenger and cruise vessel traffic since its beginnings in 1991, according to the Singapore Tourism Board (STB). Cruise passengers passing through468 words
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332 1999-10-28 33 Marcus Hand - But Evergreen and Uniglory can only be combined if Taiwan laws are changed By. Marcus Hand [SINGAPORE] Taiwan shipping giant Evergreen Group is planning to merge two of its shipping lines, Evergreen Marine Corp and Uniglory Marine, into a single megacarrier. The332 words
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PORT Shots
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81 1999-10-28 33 Reuters [SHANGHAI] A collision between a Chinese oil tanker and a container ship off the eastern port of Ningbo caused a minor oil spill but no casualties, a port official said yesterday. "Some oil has leaked due to the collision but it was notReuters - 81 words
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Article55 1999-10-28 33 [LONDONI Liberia International Ship and Corporate Registry (LISCR) is to open an office in London, headed by Captain Tony Goddard. LISCR became the new operators of the Liberian Register earlier in the year and is currently working to meet its obligations necessary for it to55 words
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Article84 1999-10-28 33 [LONDON] Stolt-Nielsen's Otto Fritzner has warned owners of the possible cost of having to re-issue crew certificates of competency when the present ones expire under STCW regulations in 2002. The actual amount will vary according to the flag state and size of the company involved,84 words
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Article57 1999-10-28 33 [LONDON] Marine strike and delay mutual P&I insurers The Strike Club has reported that its membership grew a further 5 per cent over the past year, which it says is due to the increasing popularity of its delay cover. The club, based in Bermuda and Luxembourg,57 words
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Article124 1999-10-28 33 Xinnua [TIANJIN] The port of Tianjin in north China has increased its imports and exports to US$lB.4 billion (5530.7 billion) in the first three quarters of the year with a trade surplus of US$2.3 billion. According to statistics released by the Tianjin Customs, foreign tradeXinnua - 124 words
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211 1999-10-28 33 [LONG BEACH, California] Imports to the Port of Long Beach rose to a second consecutive record in September, as consumer demand for for-eign-produced goods remained strong and retailers continued to stock up for the holiday shopping season. Shipping lines brought 403,000 containers211 words
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MARITIME safety
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Article, Illustration1198 1999-10-28 34 The following are excerpts from an address by IMO secretary-general William O'Neil to a conference in Singapore Earlier this year, Singapore conducted a test involving different types of ships and it was established that AIS (automatic identification system) transponder technology is effective and would provideFILE PHOTO - 1,198 words
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Article197 1999-10-28 34 PACE Djak Uoyd 8 ACL 6 Dongnama 3 m 3 ECU Line 6 It Accord i ECL 4 Appensh* 5 tww 6 kustril 8 f000,Su 8 i-c— C C link 4 BaU)i Shpg 5 Gemartrans 6 DM f Hangii 7 BtangMas 8 Hanjin 3 CCNI 7 Heung-A197 words
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Article19814 1999-10-28 41 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser VtssH Voyage Ttiephone ETA ETA Advertiser v«s»( Voyage Telephone SIN Dest'n Name Name Number Number SIN Destn Name Name Number Number 10/11 16/11 Oram Ship PRIME VALUE 008 65-*****05 To ABIDJAN (ABJ) 2003 Cot* D'lvoire To CALGARY APT (YYC) 2063 Canada 04/n19,814 words
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AIR & LAND transport
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Article, Illustration687 1999-10-28 45 BA to look into how it can recover millions of dollars in legal fees from Virgin Reuters [LONDON] A six-year legal war between Britain's two arch rival airlines looked set to continue when Virgin Atlantic said it would appeal against aReuters - 687 words
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401 1999-10-28 45 Jakarta studying applications of two other companies AFP [JAKARTA] A private Indonesian air charter company has received an official permit to operate scheduled domestic flights, and two others are expected to follow suit, a report said yesterday. Director-General for Air Communications,AFP - 401 words
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201 1999-10-28 45 Bloomberg [MANILA] Salvage teams have recovered the wreckage of a Federal Express (FedEx) cargo plane that crashed into the sea off Subic Bay free port north of Manila, port authorities said yesterday. The wreckage will be released to FedEx after local aviationBloomberg - 201 words
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Article, Illustration310 1999-10-28 45 Bloomberg [NEW DELHI] A strike by India's truck operators entered its seventh day, but could be running out of steam as the government stuck to its decision not to roll back an increase in diesel prices. The strike had been calledBloomberg; AFP - 310 words
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Article1384 1999-10-28 45 cmr FLIGHT ETA FU6HT ETC LH6374 1450 IH779 2350 AMatt* una MM BA7382 2055 S0325 1450 I245W 2350 0F81 »30 0F82 2055 LHT7B 1605 S***** 2350 .-25; 7«o N***** *05 IH6373 2355 LH6380 2230 SO2007 1605 $026 2355 ma am J® Am*trttm KL837 1455 6**72 00101,384 words
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LOGISTICS page
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Article, Illustration496 1999-10-28 46 Ann Toh - Cougar Express Logistics looking for opportunities to expand overseas By. Ann Toh (SINGAPORE] The merger in July of Cougar Logistics and Cougar Express, the forwarding and logistics subsidiaries of Singapore-main board listed Hai Sun Hup and Japan's Mitsui OSK Lines (MOL), has resulted in496 words
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Article, Illustration318 1999-10-28 46 Marcus Hand - Carrier aims to be unique, forming fast, global networks with high frequencies By] Marcus Hand [SINGAPORE] Lufthansa Cargo will have to be developed from a global freight carrier into "a unique, not exchangeable element in the world's leading logistics network", according to Jurgen Weber, chairman and chief318 words
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Article, Illustration586 1999-10-28 46 Marcus Hand - =3 logistics By] Marcus Hand [SINGAPORE] THE next wave of software applications for the logistics industry will have the ability to predict shipping trends and provide visualisation allowing clients to "see" inside a warehouse via the Internet. "We see third party logistics586 words
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Page 33 Advertisements
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Advertisement196 1999-10-28 33 Ships need traffic control, Pg 2 Air Land transport news, Pg 13 Productivity leap for Cougar, Logistics pg Wa liHi i i M :irv^BS Special Feature November 30, 1999 z The tide has turned. The shipping industry has picked up dramatically in the past year. If s all systems go!196 words
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Page 34 Advertisements
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Advertisement191 1999-10-28 34 Keep in Touch y\When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK Real-Time Shipping Information (global home page) www.nykline.com (for USA rates) www.na.nykline.com SENLIM AGENCIES PTE. LTD. I 133, N«w Bridga Road, *08-00, Chinatown Point A191 words
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Advertisement698 1999-10-28 34 Lines services represented !{4f%Xi by Members ol the Registry of fflRI MerrOer* o» the Accredited Shipping Agents, Singapore FreigM Fonmider. STpore National Shipping Assoc Association ULY UNE MALE I VESSEL VOY ETA flu fIU P. KIAEG SPOKE MALI Empress Lily V 0699 09/11 U/11 20/11 Princess Lily V 1099 25/11698 words
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Page 35 Advertisements
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Advertisement1093 1999-10-28 35 SAX SERVICE (DIRECT) Ivesa voy wro u» oak oai hou o« ca mbk ktc AWJADt 015E 27/10 11/11 16/11 16/11 16/11 I*/H 16/11 16/11 17/11 17/11 AflGAttiT 0151 03/11 18/11 23/11 23/11 23/11 23/11 23/11 24/11 24/11 2S/11 AfISHNB. OlSt 25/11 30/11 02/12 02/12 02/12 02/12 02/12 02/12 03/12 03/121,093 words
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