The Business Times, 16 December 1999
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1999-12-16
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The Business Times
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Title Section15 1999-12-16 1 THE BUSINESS TIMES MITA (P) 046/12/98 85C SINGAPORE Internet- hitp://business-times.asial com.sg/ THURSDAY, DECEMBER 16, 199915 words
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Article62 1999-12-16 1 sn 2329.42 (-39.83) BT-SRI 890.68 (-12.99) SDKSd FDTTTBES ***** (-5.70) STOCK MARKET INDICES Wednesday Change KLSE COMP ***** 156 NIKKEI 18,138,16 27.19 HANG SENG 15,***** -***** SET INDEX 437.86 -017 JAKARTA COMP —***** +359 MANILA COMP __1,***** -11.76 TAIPEI WPI 7,859.89 +9.75 SEOUL COMP ***** 3906 CISA CHINA62 words
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Article82 1999-12-16 1 FOBEX RATES ITS# S$ US$ 1.679 £(U5$/S$ per 1609 2.701 F,l!RO(US$/S$/E) 1 004 1.686 DM 1.948 0 862 YEN 103.7 1.620* RM 3800 0.442 HKS 7.776 Oil 6 BAHT 38.46 0 044 RL'PIAH 7,167 0.023* St to 100 units FUME SATES SINGAPORE* 5.80 Kl'ALA li'MPI'R 7.25 JAKARTA 40.00 BANGKOK82 words
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Article, Illustration1372 1999-12-16 1 Teh Hooi Ling - It says dealings with Anttel are non-discriminatory, commercially based SingTel's reply: £lt is quite a common practice to check how good an alternative operator's service is.^ By' Teh Hooi Ling [SINGAPORE) A spat has broken out between callback operator AllianceARTHUR LEE - 1,372 words
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511 1999-12-16 1 Diana Oon Abdullah - units sold, with average prices at RM150,000 From Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S second Home Ownership Campaign closed with some 2.4 billion Malaysian ringgit (Ssl.l billion) worth of sales, exceeding the expectations of developers but hardly making a dent in511 words
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557 1999-12-16 1 Harish Mehta - Social Action Party says central bank lost 10b baht, wants govt to clarify undisclosed details of deal FYom Harish Mehta in Bangkok THE Thai central bank suffered a huge loss of over 10 billion baht (***** million) in the sale of troubled557 words
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Page 1 Advertisements
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Advertisement42 1999-12-16 1 nnaPE Exec Suite ißnmnk T^B3HBWL Industrial space in 2000 and beyond. P§2B Top stories half of 20QtoPg5 UOB set to clinch Bedok site for $65.5 m. Pg 4 Lawrence Summers sees no end in sight to US growth. Pg 17 8 11142 words
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Advertisement139 1999-12-16 1 Sim Wong chairman of Creative R1531 Technology, on why his and-mortan 1 rather than Internet company Interview. Spirit ot the Century Aw.ird, 1 P»7 16 «BH9 I have '%ifS techno- Sinqapore tycoon Oei Honq Leonq is sellmq all his assets in China io invest in Silicon Valley technoloqy companies Interview,139 words
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NEXT page
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Article, Illustration805 1999-12-16 2 Toh Han Shih - t-ii exclusive He will sell all his China assets to invest in Silicon Valley companies Reports by Toh Han Shih IN one of the most complete business revamps of any businessman weaned on brick-and-mortar factories, Singapore tycoon Oei Hong Leong willCHRIS LOH - 805 words
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ON THE grapevine
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Article114 1999-12-16 2 POOR Phua Chu Kang. Where he was once a popular name thrown about at functions, he's now persona non grata. At a Singapore Management University press conference to announce the opening of admissions, its dean Professor Tsui Kai Chong said the university was looking for114 words
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Article84 1999-12-16 2 SEEMS like there is at least one corporate citizen who takes the trouble to ensure that its offspring is not left stranded. Said Ms Goh Mui Hong, chief executive officer of OUB Asset Management (OUBAM) at a press briefing to announce the joint venture between84 words
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Article144 1999-12-16 2 NO prizes for guessing which currencies are likely to be devalued within the next six months. There is a 40 to 45 per cent chance that the Pakistani rupee, Chinese renminbi and Indonesian rupiah will be devalued by at least 10 per cent against the US dollar144 words
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577 1999-12-16 2 [SINGAPORE] Although Oei Hong Leong is going into the Internet in a big way, he is a novice on the World Wide Web. To this day, he has no email. "I myself honestly don't understand the Internet," he told BT. Mr Oei577 words
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568 1999-12-16 2 Quak Hiang Whai - Third man released on bail; police say no one else being sought Front Quak Hiang Whai in Hongkong TWO teenagers were charged in a Hongkong court yesterday with wounding Singaporean businessman Oei Hong Leong while a third man involved in the case was released568 words
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WORLD trade
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Article, Illustration1098 1999-12-16 3 Ravi Kanth - In the wake of the ministerial meeting which ended with no approved statement the WTO now suffers from serious institutional credibility By Ravi Kanth [GENEVA] TRADE negotiations in general and globalisation in particular will never be the same again. After the collapse of the multilateral agreementFILE PHOTOS - 1,098 words
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Page 3 Advertisements
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Advertisement25 1999-12-16 3 I I I I Concord Service Centre T P 734 Fox 734 9796 Authorised Dealers Cctino Watch Centre Tel- 235 0084/339 9185/734 3668 :|36 Roy25 words
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SINGAPORE companies
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COMPANY Briefs
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Article83 1999-12-16 4 UNITED Overseas Bank Asset Management (UOBAM) has been appointed investment adviser to Union Bancaire Privee (ÜBP) Institutional Asset Management's South Pacific and Asia Fund. The fund, a compartment within a Luxembourg-registered umbrella fund set up by Geneva-based ÜBP, will be distributed to the bank's83 words
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33 1999-12-16 4 AFX-Asia FJ Benjamin Holdings has appointed Lee Seng Chee as chief executive officer of FJB Multimedia, which is the company's joint venture with Next Media Pte Ltd.AFX-Asia - 33 words
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Article112 1999-12-16 4 SEKSUN Precision Engineering is taking a Asl million (Ssl.l million) stake in Enzymatics, an Australian bio-technology company. Main board-listed Seksun Precision Engineering will subscribe for two million shares at 50 Australian cents each in Enzymatics through wholly-owned subsidiary Welry, with an option to buy112 words
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78 1999-12-16 4 Reuters KINGBOARD Copper Foil Holdings' public offer tranche of 43 million shares has been 11.2 times subscribed. The company, a unit of Hongkong's Kingboard Chemical Holdings, had offered 215 million shares at S3 cents each in its initial public offer in Singapore. It had earlier placedReuters - 78 words
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Article31 1999-12-16 4 Reuters LIANG Huat Aluminium is proposing a placement of 47.96 million new shares at 32 cents each with Kim Eng Securities and Malayan Banking Bhd. —ReutersReuters - 31 words
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Article121 1999-12-16 4 GRP Ltd said Han Meng Kwang, Sim Yeow Tiang and Lim Siok Lin will be retiring as directors of the company at the annual general meeting on Dec 29. However, they will remain key executive officers. The company said that freeing the three from their121 words
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Article, Illustration520 1999-12-16 4 Kalpana Rashiwala - exclusive Price works out to $368 psf of potential built-up area, including devt charge liy. Kalpana Rashiwala UOB group chairman Wee Cho Yaw continues to landbank collective sale sites. His listed United Overseas Land (UOL) is finalising a deal to buy theFILE PHOTO - 520 words
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Article350 1999-12-16 4 Siow Li Sen - By\ Siow Li Sen CPF investors still have some way to go when it comes to investments. According to the Central Provident Fund Board yesterday, 54 per cent or 259,000 of total CPF members had actually made realised profits but these profits were350 words
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228 1999-12-16 4 CONSTRUCTION group Poh Lian Holdings has bought yet another development site, this time paying $50.3 million for a clutch of properties in St Michael's Road. Poh Lian said in a statement yesterday that its wholly owned subsidiary Poh Lian Realty Pte228 words
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303 1999-12-16 4 Andrew Wee - Internet bandwidth seen tripling dne to free access services f*y< Andrew Wee SINGTEL Internet Exchange, SingTel's hubbing business, is expected to hit $50 million this year from $17 million last year. Internet bandwidth here is expected to triple due to free Internet access303 words
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693 1999-12-16 4 lee han shih - Elec Eltek needs to be open about its plans locksiew lee han shih QUESTION: Why are investors willing to sell shares worth U554.55 apiece for as low as U553.34? An|swer: Perhaps they have lost faith in the company that issued the shares. The company is Elec Eltek, a maker of693 words
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Article, Illustration504 1999-12-16 5 Eugene Low - PEOPLE SnUnto says timing of listing will depend on the economic situation By] Eugene Low WHEN Djohan Sutanto becomes chief executive of L&M Systems Indonesia (LMSI) on Jan 1, he win press on with the company's restructuring programme, with the504 words
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150 1999-12-16 5 AN independent third party director of Pacific Century Regional Developments (PCRD) placed out a block of 14.5 million shares at $10.35 each yesterday. A spokeswoman of Pacific Century Group in Hongkong told BT yesterday: "It's not Richard Li or any of our internal directors.150 words
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Article, Illustration765 1999-12-16 7 Analysts expect strong earnings recovery but see uncertainties over group's growth strategy AFX-Asia [SINGAPORE] UNCERTAINTIES about Fraser Neave Ltd's growth strategy are undercutting support for the stock and have prompted some analysts to maintain a 'sell' or 'neutral' recommendation on the company despite the expectationAFX-Asia; FILE PHOTO - 765 words
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Page 4 Advertisements
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Advertisement293 1999-12-16 4 Entering the US Capital Markets Seminar 8.45 am -2.00 pm Wednesday, 12 January 2000 Grand Hyatt Singapore 10-12 Scotts Road Singapore *****1 The last few years have seen a significant increase in the number of non-US companies accessing US Capital Markets, including some from Singapore. In particular, dot.com and Internet-related293 words
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Advertisement297 1999-12-16 5 'jSm'*l*C ii* •:V- i:,:..'W JV i 1.. k K.<f w.- A A fBH Hi MS n^B^—a Egj_g "ft ml Introducing the most comprehensive website on Greater China's financial martlets. ujiiitii.chinauieb.com ■■i.imi'UiiFtu;i Now China presents its next resource is destined to become a virtual financial breakthrough: ChinaWeb.com-a new community. Recent political297 words
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SINGAPORE markets
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Article, Illustration557 1999-12-16 6 r. sivanithy - JXE22EE3II STOCKS r. sivanithy A SUDDEN but not totally unexpected jump in US bond yields gave investors a rude reminder yesterday of the single biggest enemy of equity markets rising interest rates. Most blue chips here which had previously led557 words
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Article, Illustration196 1999-12-16 6 R Sivanithy - WARRANT WATCH By. R Sivanithy UNDER most circumstances, buying a warrant at a 1.12 per cent premium and getting a 2.9 times gearing in return would be considered a real bargain. Of course, markets are not entirely inefficient. If the196 words
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Article, Illustration238 1999-12-16 6 Wong Wei Kong - HOT STOCK Wong Wei Kong KEPPEL Corp shares, already laggards for most of this year, fell further yesterday in heavy selling to finish among the session's biggest losers. The stock lost 14 cents, or 3.5 per cent, to close at $3.88. It opened at238 words
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Article114 1999-12-16 6 Thursday, Deo 16 flhigipore ♦9am. Singapore Chinese Chamber of Commerce Industry seminar on the latest developments under the new Indonesian regime ♦11am. Trade Development Board news briefing on market development plans ♦12.30pm. Singapore Institute of Directors' first annual general meeting luncheon ♦3pm. 7-Eleven Singapore and Media Manager114 words
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Article, Illustration473 1999-12-16 6 larry wee - I-\i comment CURRENCIES Fund manager sees continued US economic strength, higher rates larry wee THE euro was looking dangerously fragile once again in Asian currency trading, and strong US retail sales also pushed the greenback above important resistance against the473 words
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Article479 1999-12-16 6 Slock* Volume PacificCentury 16,392,000 Asia Food&Prop US$ 15,264,000 SingTel 15c 8,930,000 'Gerting Int 7,664,000 Golden Agri US10c 7,421.000 KeppelCorp 7,418,000 L&M50c 7,151.000 GMG Global 5c 6,922,000 China Toll 20c 6,471,000 *TanChonglnt50c 6,192,000 Stocks PacificCentury 170,326,700 DBS Grp 62,039,504 SingTel 15c 30,656,028 KeppelCofp 29,309,669 0C8C 26,549,552 SPH 24,778,436 SIA 23,232,164 EJecBOc479 words
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Page 6 Advertisements
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Advertisement136 1999-12-16 6 4 s "»>■ ■<>'. Start playing online now to win USSS,OQO in real stocks! Join the Singapore and Hong Kong stock markets' "Asia Investment Log on to www.boom.com/challenge today and find out if you Challenge using BOOM.COM's Internet trading technology. have what it takes to be a successful international investor!136 words
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Advertisement24 1999-12-16 6 Toothache" 1 See your dentist investment advice? You need CES investor Online Get t h e Best Call us at 323-3955 88 DBS BANK24 words
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Page 7 Advertisements
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Advertisement133 1999-12-16 7 This announcement appears as a matter of record only December 1999 iv I J KINGBOARD COPPER FOIL HOLDINGS LIMITED (Incorporated in Bermuda on 10 September 1999) Invitation in respect of 215,000,000 Ordinary Shares of US$O.lO each comprising 170,000,000 New Shares and 45,000,000 Vendor Shares as follows:(1) 43,000,000 Offer Shares at133 words
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Advertisement719 1999-12-16 7 school. Join us in Singapore 2000 to The Michigan Business School has find solutions to your 75 years of history delivering business problems effective solutions to top business executives Strategic Marketing Planning February2l -25,2000 •Finance for the Noofinancial Manager February2B-March3,2ooo Management of Managers May 1 -5,2000 Human Resources Executive Program719 words
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SINGAPORE news
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546 1999-12-16 8 Carol Eng - Property veteran cites excess supply, low-rise preference, high building costs relative to land costs Carol Eng VETERAN property consultant Dennis Yeo has pointed out a rather unusual situation in land-scare Singapore for an industrial land site at Tuas put up for sale by546 words
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Article, Illustration310 1999-12-16 8 Marissa Chew - COLLECTIVE 1.4; I [iM $67m price tag works oat to $899 psf of potential area, including devt charge By Marissa Chew THE owners of a development in the Balmoral area have jumped on the collective sale bandwagon and are said to have310 words
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262 1999-12-16 8 Sim Siew Tin, Carol Singapore - Who protects Elec Eltek's minority shareholders? Sim Siew Tin, Carol Singapore THE proposed sale of its printed circuit board (F'CB) business by Elec Eltek is going to be a test case for the newly liberalised financial sector in Singapore. The PCB business is the only business of Elec: Eltek. The262 words
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352 1999-12-16 8 Soh Tiang Keng - Software solutions will be marketed to Indian insurers ffy Soh Tiang Keng SINGAPORE software firm Apex Systems has teamed up with IBM India to supply specialised software to India's insurance industry. Under a partnership agreement, Apex-developed software solutions will be marketed to insurance352 words
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343 1999-12-16 8 Andrew Wee - By Andrew Wee HOMEGROWN Brel Software Pte Ltd, a provider of e-com-merce solutions, expects to generate $6 million in revenue next year from its new Brel EC e-commerce product. "We are offering an e-com-merce solution that is faster, better and more affordable than what343 words
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Article230 1999-12-16 8 Denis Distant Singapore - MAILI.TT7M Denis Distant Singapore I AM intrigued by the explanations in the letter "Exchange action consistent on Cosco and Metro" (BT, Dec 14) from The Singapore Exchange Limited (SGX) explaining why in one case the announcement of a share split did not require temporary trading230 words
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338 1999-12-16 8 Koh Kee Heng Singapore - Koh Kee Heng Singapore I REFER to your Hock Lock Siew column, "Why the free-surf war could cost Internet users dearly", (BT, Dec 14). In this article, your writer argued that with the introduction of free-surf, only Internet service providers (ISPs) with telco338 words
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Article, Illustration462 1999-12-16 8 Anna Teo - By Anna Teo NOMURA has cut its economic growth forecast for Singapore for 1999 and, contrary to market consensus, sees growth as low as 2.5 per cent in the second quarter of next year. But the economy remains on track, its economist says. On itsSource: Dept of Statistics - 462 words
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Article, Illustration313 1999-12-16 8 Marissa Chew - Marissa Chew STUDENTS eager to attend the new Singapore Management University can submit their applications today and will know if they make the cut by the end of February. The university yesterday also said it will have another round of admissions in313 words
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Page 8 Advertisements
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Advertisement35 1999-12-16 8 You can email us at btletterQsph.com.sg or fax to us at *****71, or mail your letter to The Business Times, Times House, 390Kim Seng Road, 5'p0re*****5. Please give your full name, address and telephone number.35 words
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Advertisement80 1999-12-16 9 o 5 6 MONT° BLANC In times that are changing ever N. llk .mL Jm |RM, :^Kf|'f^tr jflVJH|^^L%\ jpr i S| Meisterstiick f SaK|/, Chronograph Stainless Steel --^"ST-*-^ Montblanc Boutiques Writing Instruments Watches Leather Jewellery Eyewear Montblanc Boutiques: Ngee Ann City #01-34, Raffles City #01-37 A, Paragon #01-18 Corner: Watch80 words
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EDITORIAL & opinion
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Article, Illustration704 1999-12-16 10 manjit bhatia - bottom line OPINION manjit bhatia The writer is senior lecturer in political economy at the University of Queensland in Australia A QUICK glance across the region, and at Wall Street, suggests that nobody is giving a hoot about the Y2K (Year 2000)704 words
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Article144 1999-12-16 10 The recent election shows that lies and bribes and empty promises for the afterlife can win seats and put unprincipled people in power.' Mahathir Mnhamail Malaysia's prime minister, lashing out at ungrateful Malays for eroding his support in the general election last month. The stock price is144 words
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Article613 1999-12-16 10 EDITORIAL JAPAN'S economic recovery has not been derailed by the fact that growth of real gross domestic product contracted by 1 per cent during the third quarter of this year, but it cannot be denied that the engine has lost some steam. Japanese authorities are preparing613 words
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Article, Illustration1278 1999-12-16 10 Todd Callahan - Jakarta risks more strife if it fails to deliver on pledges of autonomy and fairer share of revenues By' Todd Callahan The writer is with the Castle Group, a business intelligence and research firm specialising in Indonesia. The views expressedFILE PHOTO - 1,278 words
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Article, Illustration869 1999-12-16 10 TAKING a page from Germany's book, New Zealand has elected a centre-left coalition government that owes its majority in Parliament to the environmentalist Green Party. This red-green political mixture has been a flop in Berlin. You have to wonder if New Zealand will do any better.869 words
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MALAYSIA news
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183 1999-12-16 11 KUALA LUMPUR Bernama AOKAM Perdana Bhd's shares, which have been suspended on the Kuala Lumpur Stock Exchange's main board since April last year, would be re-quoted tomorrow, said managing director Tee Choon Hwa yesterday. The shares were suspended on April 19, 1998 under theBernama - 183 words
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Article, Illustration182 1999-12-16 11 KUALA LUMPUR Appointment comes two months after CIH bays 30% stake Reuters MALAYSIA'S biggest fast-food company KFC Holdings (M) Bhd said in a statement yesterday that it has appointed George Ting Yew Tong as its executive director. The appointment followed market speculationReuters - 182 words
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MARKET moves
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74 1999-12-16 11 LEADER Universal, which is based in Penang, inched up one sen to 1.20 Malaysian ringgit on heavy volume following news that Penang Chief Minister Koh Tsu Koon had warded off attempts by the Malaysian Chinese Association for greater representation in the state after the74 words
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60 1999-12-16 11 COMPANIES controlled by two sons of Prime Minister Mahathir Mohamad were in strong demand yesterday, but dealers could not explain the sudden surge in interest. Konsortium Logistik, which is controlled by eldest son Mirzan, firmed two sen to 3.16 Malaysian ringgit. Tongkah Holdings, which is60 words
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Article70 1999-12-16 11 Eddie Toh - Compiled by Eddie Toh SHAREHOLDERS of Wembley Industries did not like the company's latest proposal to raise 606 million Malaysian ringgit (*****.7 million) to shave its debts. The counter eased 4.5 sen to 83 sen yesterday. It's still unclear if creditors would accept the plan70 words
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354 1999-12-16 11 KUALA LUMPUR Kejora's offer to buy Time's telecoms business was rejected as too low Bloomberg SINGAPORE Technologies and Malaysia's Maxis Communications Bhd were shortlisted as potential buyers for the telecommunications business of the country's debt-lad-en Time Engineering Bhd, two creditors said. NMBloomberg - 354 words
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Article134 1999-12-16 11 KUALA LUMPUR Reuters MALAYSIA'S Promet Bhd has received approval from the Foreign Investment Committee to be taken over by the Safuan Group under a planned restructuring, Bernama news agency said yesterday. It quoted a Promet statement as saying the approval was conditional on the bumiputera ownershipReuters - 134 words
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Article, Illustration344 1999-12-16 11 KUALA LUMPUR KH bank mergers Offer for remaining 56.5% pegged at higher RM7.31 price Reuters MALAYSIA'S Southern Bank Bhd defended yesterday its higher offer price for the remaining shares of Ban Hin Lee Bank (BHL Bank), after paying substantially less for an earlier stake inReuters; FILE PHOTO - 344 words
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114 1999-12-16 11 KUALA LUMPUR Bernama PENGURUSAN Danaharta Nasional Bhd has appointed special administrators for six companies from yesterday. The asset management company said it had appointed officials from PricewaterhouseCoopers as special administrators for Lumberise Sdn Bhd, a manufacturer of wood products and for two wood-based companies, SandakanBernama - 114 words
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Page 11 Advertisements
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Advertisement11 1999-12-16 11 Call C.A.T.S. at 1800-737-1166. GAXSi Buy It. Sell It. Find It.11 words
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Advertisement99 1999-12-16 11 most contemporary jewelled timepieces Sincere's Conquest of Time. W I with intricate gemW brilliant expressions of the Art Deco W and the Art Nouveau styles. You will W \Sh" ;>: 'S^R iS design of the Gondolo collection, and k jrPy the fluid swirling motifs of the Calicia W'§ Wjj collection.99 words
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SOUTH east asia
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120 1999-12-16 12 JAKARTA Reuters INDONESIAN clove cigarette firm PT Bentoel Prima said on yesterday a final deal for financier George Soros to take a majority holding was expected by end-March at the latest after due diligence. "Definitely we are looking at more than 50 per centReuters - 120 words
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497 1999-12-16 12 BANGKOK He and 2 other execs face charges over 2.1b baht loans to firms they controlled Bloomberg PIN Chakkaphak. a financier who fled Thailand two years ago after the investment bank he controlled collapsed and criminal charges were filed,Bloomberg - 497 words
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Article, Illustration365 1999-12-16 12 BANGKOK Bloomberg THE wife of Thaksin Shinawatra, a telecommunications tycoon who wants to be Thailand's next prime minister, owns the country's most valuable stock portfolio, according to Money Banking magazine. Pojamarn Shinawatra was worth about 11 billion baht (Ss4Bo million), mostly through her 25Bloomberg; FILE PHOTO - 365 words
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Page 12 Advertisements
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Advertisement380 1999-12-16 12 C BUGATTI) I SALE Designer Watches, Leather Accessories, Jewellery, Ties More at fantastic discounts. Now is the time to shop for special gifts for your favourite people or just to spoil yourself. Usual: $68 NOW: $28 (W) $228 NOW: $48 Usual: $48 $88 ipPp f Usual: $268 Usual: $128 NOW:380 words
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Advertisement84 1999-12-16 12 I Conaratufaiions g 1 io affthe owners of f J O&rfofh Qarcfen J |j on your receni successful j| Collective Safe. M te? j| c yCorfof£ Sarden Has earnedthe distinction of.6eing M fAit/ie first colfectiue safe to 6e completedunder Section 64F of te[ if t/ie new /3andtitles (Strata) (h"Amendment') C7lct.84 words
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EAST asia
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514 1999-12-16 13 HONGKONG It cites outlook for lower real interest rates, higfrer quality economic growth Reuters MERRILL Lynch (Asia Pacific) Ltd analysts yesterday said investors should overweight Hongkong and China in 2000, given the territory's outlook for lower real interest rates and higher quality economic growth.Reuters - 514 words
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Article, Illustration324 1999-12-16 13 BEIJING Reuters CHINA'S avid savers have tucked away less of their money in the bank over the past two months, but there is little evidence they are spending enough to ease two years of stubborn deflation, analysts said yesterday. The government has triedReuters; FILE PHOTO - 324 words
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287 1999-12-16 13 HONGKONG New bill will increase penalties for uncovered short-selling Reuters HONGKONG'S government said yesterday its advisory Cabinet had approved a bill that would increase penalties for uncovered short-selling in the local stock market. The government said in a statement the ExecutiveReuters - 287 words
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Article, Illustration476 1999-12-16 14 BEIJING Banker's remarks point to high-level support for diverse ownership structure to replace govt FT A TOP Chinese banker says the country's large banks were considering ownership changes to prepare for the competition they would face after China joins the WorldFT - 476 words
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399 1999-12-16 14 BEIJING Life insurance tie-np with Canadian firm may be in Tiaqjin Bloomberg SUN Life Assurance Co, Canada's second largest life insurer, will form a life insurance joint venture with China Everbright Group Ltd, a Chinese state investment company, the companies said. The newBloomberg - 399 words
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SINO Briefs
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84 1999-12-16 14 Bloomberg [HONGKONG] The Hongkong government said it will sell as much as 762 million new Tracker Fund units, with a value of about HK$l2 billion (Ss2£ billion) at yesterday's closing price, in the first three months of next year. The extra sharesBloomberg - 84 words
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88 1999-12-16 14 Reuters [TAIPEI] Taiwan Semiconductor Manufacturing Co (TSM), the world's largest made-to-order chipmaker, broke ground on its first 12-inch wafer fabrication plant yesterday, the company said in a statement, adding the new plant in the Hsinchu Science-based Industrial Parte would be a US$2Reuters - 88 words
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Article101 1999-12-16 14 Reuters [HONGKONG] Gokitron Holdings Ltd, which is changing its name to e-Kong Group Ltd, said yesterday it would focus on developing business-toconsumer e-commerce web portals, a market segment it sees as underserved in Asia. The company, which produces animated films and makes batteries, saidReuters - 101 words
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Page 13 Advertisements
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Advertisement121 1999-12-16 13 j I -j|aH jSp {M j|H I Relieves Your I Muscular Pain 1 I Anytime, |Jm||^Q| I Anywhere I Now available at P I all leading pharmaceutical outlets f-—^M*S*p*™55S5555S355JS5Jp22? 1 Wc provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman121 words
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Advertisement75 1999-12-16 13 ft > ■—mm rj |l I Wgjsrs f jj&l 4V3$ r M VV Vt: m vflnKT aT **j» I M You never PATEK PHILIPPE actually own a Patek Philippe. geneve -J»U*_ You merely look after it for the next |U *<' generation. The Annual Calendar. The first self-winding annual calendar75 words
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Page 14 Advertisements
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Advertisement120 1999-12-16 14 Open the door to a great future with SESAMi.com In little more than 3 months, SESAMi has grown from concept to an online business-to-business e-procurement global trading portal with a 7-digit revenue. We'll soon be offering a whole host of new value added services including financial clearing, auctions, business intelligence120 words
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Advertisement10 1999-12-16 14 K TODAY ft ilianhe Zaobao S™ @i 2 3600(2% mm10 words
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SOUTH asia
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411 1999-12-16 15 BANGALORE State govt to discuss power sale agreement and guarantees at meeting AFP US-based Cogentrix Energy Inc hinted yesterday that it may revive the giant power project which it withdrew from last week, after receiving assurances from state government officials. Cogentrix and Hongkongbased China LightAFP - 411 words
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240 1999-12-16 15 BOMBAY FT TD Waterhouse, the world's third-largest discount broker, on Monday announced plans to set up a joint venture with Tata Finance, the finance arm of India's Tata group, to launch online discount broking in India. It is the first alliance betweenFT - 240 words
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Page 15 Advertisements
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Advertisement518 1999-12-16 15 v .swop* dHF^-% r -Vt.ru -.'MfelS* f w? '''X 4- *f, *>r ',•>• 'aHElgK^i tj J a itV j3sK*a| W> 5, < 'J>? r ••:.4 *«:.>< l&fc ?mtm i&GF- 1 •tfdMßp 1 ■r ji*V' f lHj& K, fcSft*. '-MWtL: H |..AV Ml lAI :\!K < > M < i., \I518 words
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WORLD news
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367 1999-12-16 16 TOKYO Eighth consecutive rise shows demand recovering strongly from 1998 trough Bloomberg WORLDWIDE orders for chipmaking equipment produced in Japan more than tripled in October from a year earlier, the eighth straight increase after 15 months of decline, as chipmakers in theBloomberg - 367 words
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380 1999-12-16 16 MELBOURNE Telecoms, Internet and data businesses are key targets Bernama, Bloomberg TELECOMMUNICATIONS giant Telstra Corp could spend up to Ass billion (555.3 billion) on acquisitions in high-growth markets in Asia, the Australian Financial Review reported on Tuesday. It said South-east Asian's emerging mobile telephony marketsBernama,; Bloomberg - 380 words
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Article, Illustration630 1999-12-16 17 LONDON 6-20 talks starting today, to focus on IMF reforms, pace of global growth Bloomberg US Treasury Secretary Larry Summers said he sees no end in sight to the expansion of the American economy, already near the longest sustained rate ofBloomberg; FILE PHOTO - 630 words
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Article389 1999-12-16 17 Neil Behrmann - From Neil Behrmann in London LONDON'S share of global bonds, foreign exchange and other financial markets has increased, even though Britain is not a member of the Eurozone. A Bank of England report estimates that Ldndon's market share of total euro-denom inated bond issues rose to389 words
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413 1999-12-16 17 LONDON Merrill says this is a bearish sign for world stock markets Bloomberg MONEY managers around the world are holding less cash than they have in at least two years, a bearish sign for global stock markets, many of which hover atBloomberg - 413 words
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170 1999-12-16 17 WASHINGTON AFP PRESIDENT Bill Clinton announced on Tuesday that the US federal government was ready for the Year 2000 and the poten- tial threat of the Y2K computer bug. "As of today, 99.9 per cent of the government's mission-critical computer systemsAFP - 170 words
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406 1999-12-16 19 NEW YORK Revamp of Asian, European firms seen as once-in-lifetime opportunity to invest FT BLACKSTONE Group, the private financial group, is to launch the first sizeable hedge fund for US institutions and wealthy individuals to invest primarily outside the US. The fund,FT - 406 words
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Article, Illustration74 1999-12-16 19 [TOKYO] Newly appointed Mazda president Mark Fields (right) being introduced by outgoing president James Miller in front of Mazda's emblem after they announced the replacement of the head of the company during a press conference at a Tokyo hotel yesterday. Mr Fields became one ofAFP - 74 words
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Article296 1999-12-16 19 REDWOOD SHORES, California Business software sales send profit well above estimates Bloomberg ORACLE Corp. the world's No 1 database software maker, said its fiscal second-quar-ter earnings rose 40 per cent, beating even the most optimistic forecasts as its business software sales soared. Net incomeBloomberg - 296 words
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Page 16 Advertisements
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Advertisement448 1999-12-16 16 THE BUSINESS TIMES AND MOET CH ANDON "Spirit Of ZJ/ie Gen/uru" Cftcuarcf Sim Wong Hoc Singaporesentrepreneur (.lain- (.hiang Known tor her dedication I»r Ni»an Min extraordinaire. Mr Sim is the first person to win to the causes ot women and the family, Ms Chiang surgeon in Singapore, Or Lim made448 words
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Page 17 Advertisements
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Advertisement21 1999-12-16 17 n r J^H J| HL fl jfl K ii^V WE'RE TAKING THE TRAFFIC JAMS OUT 0F THE information superhighway. S^BBESSBSSBBSBi^^^^K& ''"jgMiMr21 words
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Page 18 Advertisements
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Advertisement288 1999-12-16 18 >- ---■^S'.- W-.- tx f*+ nr .-—"rj- V ..V rH r r 'i iil'i" lit _i. mm i«« 'i <T|i >***■ »t-:, *.?sv*<y» i-s- S A —ift,,. -3* •■>■*. *j?,va*i»iftt <-<Br**<r~*w v.. IKilsipi*! &t* -v. v m And increase your own rewards "V >..v>v>>.../• I V i i? -r m288 words
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Page 19 Advertisements
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Advertisement540 1999-12-16 19 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 j IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF DORVAL SHIPPING (SINGAPORE) PRIVATE LIMITED (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308540 words
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Advertisement41 1999-12-16 19 I r jM p v J^k The Conquest Of Space H jy K H Li 111 J it in i <i ir M 'MBMonl 1 I 'MOM t I m^ M H Daikin Modlair state-of-the-art room system for high tech, dust-free41 words
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FINANCE & commodities
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244 1999-12-16 20 Daphne Tay, Jardine Fleming - SGX Derivatives ft»adlngKeports MSCl Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market closed sharply lower yesterday, dampened by overnight losses on Wall Street. Losses were widespread. Property counters took a beating, spooked by the 12.5-basis-point rise in the Singapore three-month interbank rate to244 words
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Article223 1999-12-16 20 Matthew DenBleyker Refco Singapore - MS& Taiwan futures Matthew DenBleyker Refco Singapore THE Simex MSCI Taiwan Stock Index futures were unchanged yesterday, closing at 354.10. The underlying MSCI cash index edged slightly lower by 0.07 point or 0.02 per cent to 353.74 while the Taiwan Weighted Price Index gained 9.75 points or223 words
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Article224 1999-12-16 20 ENERGY REPORT Bloomberg [NEW YORK] Crude oil surged to a three-week high, rising for a third day, after an industry report said US fuel inventories dropped more than expected last week. The American Petroleum Institute (API) said crude oil supplies dropped 7.16 million barrels, orBloomberg - 224 words
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Article327 1999-12-16 20 Reuters Now York THE euro fell to a one-week low yesterday, coming within a quarter of a cent of trading at one to one with the dollar again as investors worried about Europe's recovery and cheered America's strong economy. The dollar still benefited from Tuesday's retail sales andReuters - 327 words
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Article, Illustration1195 1999-12-16 20 IfTERBAIIK CROSS RATES AS C$ Bmt two Ffr Dm HK$ Ind »s ftytafc Ytw Won Ml WZ$ Pat Bs Peso S$ »a«d Sfr MT$ Mrt Pond OT5 ET ow £2 IS <"£ S SSE£ S:?S £3 2 2 ££3™ \S SS US5SSS VS SS 2T £2 fS <u» 0B0 JS1,195 words
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Article1892 1999-12-16 20 aCOM FUTURES AW5 RUBBER (futures closing as at 5.30pm) RSS 1 CONTRACTS cants/kg) Close Volume Open Montfc High Low Sott (tonnes) Interest Jan 00 H0.50 Fob 00 112.00 112.00 112.00 300 300 Mar 00 115.00 115.00 115.00 600 100 Apr/Jun 00 121.50 RSS 3 CONTRACT (US cants/kg) Volume Opto Month1,892 words
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STOCKS east asia
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Article, Illustration2829 1999-12-16 21 HOMGKONG AFP n Hang Seng -457.39 HONGKONG share prices fell 2.8 per cent yesterday as continued profit-taking drove the index well below the 16,000 mark, dealers said. Dealers said the market was undergoing a healthy consolidation after its recent strong gains and that sentiment remainedAFP - 2,829 words
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Article, Illustration962 1999-12-16 21 Reuters nShenzhen Blndex *2.66 SHENZHEN stocks closed up sharply in active trade yesterday, lifted by institutional buying ahead of the return of Macau to Chinese rule. Investors bought on expectations that Beijing would foster a buoyant market once the Portuguese colony reverts to Chinese sovereignty on Monday, brokers said.Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 962 words
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Article382 1999-12-16 21 AFP D*p Index +9.75 TAIWAN share prices closed 0.1 per cent higher yesterday on buying in telecoms-related issues, dealers said. The market opened down on sharp losses on the tech-nology-heavy Nasdaq index, but bargain-hunting later set in to shore up the index, helping it finish in positive territory, theyAFP - 382 words
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2050 1999-12-16 21 TOKYO AFP Q Nikkei 225 -2?i» SHARE prices in Tokyo closed 0.1 per cent lower yesterday after investors sold stocks to lock away profits late in the session, brokers said. "Investors cashed in their shares towards the end of the day's trading, which dashedAFP - 2,050 words
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Page 21 Advertisements
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Advertisement59 1999-12-16 21 Wrm 7his Christmas 10 US I 7» I loClllll2 CISC a Phillip Wain gift voucher. With our range of beauty W. JUKm& voucher will be delivered to the PhillipWßlll MIAItH 0 lIHII address of your choice. the uitwate beauty Experience g*-- f United Square, Unit #81-56,101 Thomson Road. Near Novena59 words
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STOCKS klse
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Article8541 1999-12-16 22 INDUSTRIALS Consumer protects 1999 La«» Vol Oay Net Cap High Low Company Sat* OOO HlgH Low Pfl t— 440 255 A|inomoto 300 19 0 1216 174 46 Anqkasa 87.5 -3.5 7 90 87.5 129.0 404 220 Apollo Food Hlg 326 7 8 130 4 294 115 Beriaya Land 164 -28,541 words
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Article, Illustration434 1999-12-16 22 AFX-Asia Q Composite Index -L 96 MALAYSIAN share prices closed narrowly lower yesterday after an inconclusive session of light but widespread profit-taking amid demand for semiconductor stocks, dealers said. The Kuala Lumpur Stock Exchange Composite Index closed down 1.96 points or 0.25 per centAFX-Asia - 434 words
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Page 22 Advertisements
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Advertisement13 1999-12-16 22 'nM'StnUtaTiiiio Photo essay a creative way to recruit the right talents. Ifl oJwi-iBB313 words
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SGX clob & regional stocks
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Article3338 1999-12-16 23 T—n—r *i n i ii i~ nm t n~rnr—mr»tirTifnnr'ii"i"ini<i'M—TW"Mn—n—n—rwf«i 11 mi"TT»i«iirnin(iii"rr» t~ wirfMirm —rawr ~t—• BOMDS A WARRAHTS d«U m mn*t b*nr 52-Week Lett «M My LMtOaaO mart Cw> liar Caskl Utit M«k lew Km Cm|l«| Sm i 000) Mjk Le> kf« Mhf Price (Mh) *aHe Prite <%» fiini|T left3,338 words
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Article, Illustration792 1999-12-16 23 AFP CI SET Index -0.37 THAI share prices closed marginally lower yesterday with some selective buying in oversold shares offsetting profit-taking in communications, dealers said. The Stock Exchange of Thailand Index shed 0.37 point or 0.1 per cent to close at 437.86. Volume fell sharply to 2.11 million lotsAFP - 792 words
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Article284 1999-12-16 23 AFP n Manila -1L76 PHILIPPINE share prices closed 0.6 per cent lower yesterday due to continued fears over the Y2K problem and general sluggishness in the economy, dealers said. The Philippine Stock Exchange Composite Index fell 11.76 points to close at 1,999.49. AFP Oecl5 P»w (000) MRC Allied 0.63AFP - 284 words
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Article, Illustration752 1999-12-16 23 AFP P| Composite Index +159 JAKARTA share prices closed 0.6 per cent higher yesterday but off their highs on late profit-taking in select big-cap stocks, dealers said. An institutional dealer with a regional brokerage said the general market was still in a positive mood, although there were no apparentAFP - 752 words
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Article281 1999-12-16 23 AFP +KM)I BROAD-BASED activity yesterday snapped the New Zealand share market out of its recent focus on the leaders, helping push the bourse up 0.7 per cent. The NZSE-40 Capital Index rose 15.01 points to 2,147.00 and turnover was a thin NZ$75.l million. AFP dku m cooo) Advantage HQSAFP - 281 words
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Article595 1999-12-16 23 AFP F1 All Ordinaries +10J9 AUSTRALIAN share prices gained 0.4 per cent yesterday after gross domestic product data confirmed the outlook for strong growth, brokers said. The All Ordinaries Index rose 10.9 points to 3,119.00. The All Industrials Index closed 16.5 points higher at 5,417.40 and the All ResourcesAFP - 595 words
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Article314 1999-12-16 23 AFP q Composite Index -39.06 THE Korea Stock Exchange Composite Index yesterday closed down 39.06 points at 963.58. Volume totalled 353 million shares worth 4.6 trillion won. —AFP Dk IS mm _*b Anjm Semi ***** -500 Brain T#cl>... .2500 215 Central Bank... 2430 -70 CheMConwn *****0 -9000 Dm GuAFP - 314 words
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Page 23 Advertisements
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Advertisement15 1999-12-16 23 Introducing the most comprehensive website "JM on Greater China's financial markets. ujujiij.cliinoiijeb.coiT) v f.s fi/yi:15 words
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Article8958 1999-12-16 24 MAIM BOARD Transaction date: Dec 15 Ot Or M Wl 52-Wk LmI Vol Day Last Ouote Dlv Dlv VM Net Cap A»1 High Low StNo Company Sale COOO> High Low Buyer So—r CMC M JmH Price MULTI-INDUSTRY 182 17.5 m c 1000 Acma SOc 111 -2 84 1138,958 words
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Page 24 Advertisements
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Advertisement68 1999-12-16 24 DU TEMPS DEPUIS quest VHP Perpetual 'jZ //1 X w Very High Precision quartz movement >rK i ~T I ~*~l) Perpetual Calendar until 2100 y vVIA C\si I laCA\ 10 years power reserve T\ I (I qss> Sola omrlbutof Main Service Centre THE SWATCH GROUP SEA (S) PTE LTD Alexandra68 words
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Article, Illustration2424 1999-12-16 25 Property transactions for selected districts lodged between Nov 16 and Dec 13. PROJECTNAME/ PROP CONTRACT TENURE 8UHT-IN/ PRICE PSF PROJECT NAME7 PROP CONTRACT TENURE BULT-W PRKE PSF STREET NAME TYPE DATE LANOAREA* STREETNAME TYPE DATE LANO AREA* (SO FT) ($*000) (SS) (SO FT) (SIOOO) (St) District 01 Kentish Green2,424 words
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Page 25 Advertisements
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Advertisement76 1999-12-16 25 SINGAPURA v vf J 1 BUILDING SOCIETY LTD MkM NEED A LOAN? TAKE ADVANTAGE# I OF OUR FINANCIAL STRENGTH I I We provide loans and financial assistance for your Corporate and Personal Financing. Car Loan Home Loan Share Loan Commercial/Industrial Loan Factory Loan and etc, i IMC OOft A*l£^Q East76 words
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BY DESIGN
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Article, Illustration870 1999-12-16 26 CORINNE KERK - COKDmEKERK discovers a place where you can inhale a whiff of Italy beneath soft Spanish lights, while wrapped up in exotic Indian shawls; or simply snuggle into tasteful furniture that's made right here in Singapore CORINNE KERK THE new M&A Collections showroom at the Starhub Centre in870 words
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Article296 1999-12-16 26 DEVELOPER DISTRICT LOCATION SIZE TOTAL UNITS NO. OF PRICE TENURE •yggeigergj («qit) launched unttssold- (Sp«r) River Place FEO 3 Havelock Rd 678-3,229 509 330 950 99-yr TanglinView FEO 3 Alexandra Rd 872-2,282 256 152 830 99-yr Faber Crest CDL 5 Faber Heights 1,012-2,099 240 104 590296 words
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Article435 1999-12-16 26 BANKS/FINANCE COMPANIES YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR MO YEAR 11-36 Citibank* (max of 30 yrs) 4.0000 4.7500 5.5000 5.5000 5.5000 5.5000 5.5000 DBS 4LOOOO 5.0000 5.0000 5.0000 5.7500 5.7500 Hong Leong Financet (max of 30 yrs) 4.0000 4.8750 5.3750 6.1250 6.1250435 words
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Page 26 Advertisements
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Advertisement16 1999-12-16 26 Your weekly guide to pubs and lounqes every Friday in The New Paper Fastads tastmm 116 words
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COVER STORY
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Article, Illustration664 1999-12-16 27 DENNIS YEO - The new year is likely to see developers sprucing up facilities to compete in a buyer's market says dermis yeo DENNIS YEO The writer is executive director at Colliers Jardine THIS has been a recovery year for industrial property, with volume of sales more than five664 words
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Page 27 Advertisements
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Advertisement103 1999-12-16 27 COLLECTIVE vv ds~— TJ I SALE Prime, Freehold Land at Balmoral Crescent x/\\ Brtnonrf AA Central location Close to CBD qNaV n and Orchard Road. Land area of 51,080 sq ft Regular and level site Ideal for luxury condominium Subject \\vffi,l with plot ratio of 1.6 height up Site to103 words
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Advertisement129 1999-12-16 27 Mortgagee's Sale By Tender New 4-storey Industrial Building At No. 47 Changi South Avenue 2 Located off Xilin Avenue and within Changi South Industrial Park Site Area: Approx. 58,728 sq ft (subject to survey) Total Floor Area: Approx. 92,000 sq ft (subject to survey) JTC leasehold 30 years wef 16129 words
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Advertisement146 1999-12-16 27 v....— MB er 9 Ipr e Land 8l»e: Near Reputable "iCi Schools Amenities t <»y m«4 Excellent -j*T. Accessibility V Tender Closing Date: v t ssth Jan 2000 at 4pm Sea Avedllie (Subject to STB approval If raqnlro4) For Inv—tmsot Report*lkiils Dnifiipti DENNIS WEE REALTY PTE LTD oHE 7 9146 words
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EXECUTIVE Suite
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Article, Illustration1304 1999-12-16 28 CAROL ENG - carol bug looks at the changes facing the industry, and how they may affect the market CAROL ENG Property consultants hold very contrasting .views on where the industrial property sector is headed next year. Both Jones Lang LaSalle's director Stuart Roberts and Knight1,304 words
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Page 29 Advertisements
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Advertisement434 1999-12-16 29 Where to wine, dine and entertain..."""* -Offering the lowest interest rate in town ***** Treat yourself to a wide range of Japanese cuisine. Enjoy Tempura, Sushi Rolls, Stohimi, Soft Shelled Crabs and many more desserts. Buffet Lunch fIC Dinner: #23.50 (Adult), #16.50 (Child) (Lunch daily except Saturday "hutch "from 12434 words
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Advertisement64 1999-12-16 29 WSSm ■mJ|! I "ANNAwt KING" High-Tea! I Win movie tickets or a host of other attractive j movie premiums and Sir Thomas Lipton products during High Tea at The Mezzanine Cafe oc Bar from now until 31 December 1999. Noon to spm (last order) daily Reservations: 831 6286 Mandarin Singapore64 words
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Page 29 Miscellaneous
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Miscellaneous947 1999-12-16 29 —————Premier® 12 12.00 MN The Net. 6.30 Jannal. 6.00 News. I'MillTW—■ F "77* rI LOO *AM Weekday Movie 7.00 Yaen?! Sr 2. 6*o Hari Ini Dalam Seja 3 IM TV Innovations. Zone: Halloween III: 7*o Tamil Seithi (News, T). rah. 4.00 Kid/ Blitz: Sesame Season of The Witch. 8.00 Berita947 words
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Miscellaneous294 1999-12-16 29 CRYPTIC CROSSWORD 1 'J U y _nhr 23~ B— _B I" H I xixnx 30 ACROSS 8 Rank is all one has (6) 1 A picture one will carry every- 1 Merely a whim to overtake? where (6) 7 -5) 4 Reckon the deceased's proper- 15 Too much interest is294 words
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THE CEO speaks
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Article, Illustration1152 1999-12-16 30 JENNIFER LIEN - Chairman Sim Wong Hoo tells JEMMmsiiJEN why his company is a click-and-mortar, rather than Internet company JENNIFER LIEN BEHIND the scenes of Internet telephony firm Mediaßing. corn's stellar debut on the Singapore bourse in November, a strong but unseen hand was helping to direct the proceedings.FILE PHOTOS - 1,152 words
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Article, Illustration268 1999-12-16 30 CREATIVE Technology might be honing its venture capitalist skills for the emerging Web economy, but its founder Sim Wong Hoo has been investing privately in startups for several years now. "I have invested in a few angel rounds myself," he admits. Over the years, he has forked268 words
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Page 30 Advertisements
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Advertisement199 1999-12-16 30 UOB RIVILEGE BANKING CEO SPEAKS. UOB PRIVILEGE BANKING LISTENS. jflflHE I At U B Privilege Bankin 6- we translate every CEO's balance of at least *****.000 in deposits or unit trust investments. 9H m banking vjsjQn jntQ resu)ts whjch js why we n assign a Admittedly. Privilege Banking isn't for199 words
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SHIPPING TIMES
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Article301 1999-12-16 31 Bridge News, Reuters A SIGNIFICANT increase in capesize activity was seen in the Atlantic and rates there could be poised to appreciate, brokers said. By contrast, Panamax levels were declining in both the Atlantic and the Pacific and there was little to encourage owners to believe that thisBridge News,; Reuters - 301 words
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Article305 1999-12-16 31 SIS 000 Nee it m CWT Distribution 1.23 unch 12 Choan Hup 0.41 -0.01 4267 Cosco Invastmant 1.12 -0.02 130 FraigM LWu 0.29 unch 432 G6 Holdings 0.86 -0.02 10 Hal Sun Hup 0.81 -0.01 654 IMC HoWings-HK 5.60 unch 0 Jaya Holdings 1.13 -0.03 359 Jurong Shipyard305 words
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423 1999-12-16 31 Story possibly made up by US-based competitor: Hutchison Whampoa AFP [PANAMA CITY] Charges that China could cut off traffic through the Panama Canal because a Hongkong-based group controls ports on either side of the waterway stem from rival firms, a top officialAFP - 423 words
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Article, Illustration81 1999-12-16 31 [PANAMA CITY] A ship decorated with flags stands in the lock at the transfer ceremony for the Panama Canal. Leaders and dignitaries on Tuesday attended the protocol ceremony for the transfer of the Panama Canal from the US to Panama. The vital 81.6 km longREUTERS - 81 words
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Article778 1999-12-16 31 David Hughes - NEWBUXLDS By David Hughes CONTAINERSHIPS and bulk carriers remain the flavour of the month as the representative list of new orders shows. However, there is one rather unusual order that catches the eye. At first glance, the tonnage quoted next to the dredger to778 words
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Article253 1999-12-16 31 Marcus Hand - By Marcus Hand {SINGAPORE] Specialist equipment and transport insurer the Through Transport Mutual (TT Club) is launching eight new products targeted largely at logistics companies and terminal operators. The objective of the new products is to broaden the base of the Club's business and253 words
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143 1999-12-16 31 [SINGAPORE] Japanese shipping company K Line is ordering its first ever post-panamax containerships from Japanese and Korean yards. The line is ordering a total of eight ships which will each have a capacity of 5,500 TEUs (20-ft equivalent units), with capacity for 500-FEU reefer143 words
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PORT Shots
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Article58 1999-12-16 31 [LONDON] Frans Malmos, managing director of the Swedish Club, has re-emphasised that the mutual P&I (protection and insurance) insurer will not involve itself in any mergers within the insurance-world. He also said that the club would continue its policy of having no supplementary calls58 words
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Article59 1999-12-16 31 [LONDON] The proposed ban on the use of tr ibutyltin in antifoulings has been passed by the International Maritime Organisation (IMO) following a unanimous vote at its assembly. A legally-binding form of the ban will now be established some time in the next two years to59 words
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REGIONAL container lines
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Article, Illustration998 1999-12-16 32 RCL will invest in new equipment and IT to offer a larger range of freight transport and logistics packages Thai-owned and Bangkok-listed Regional Container Lines (RCL) is to build on its core shipping strengths to offer a more diversified range of freight transport and logistics packages.FILE PHOTO - 998 words
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Article194 1999-12-16 32 PAGE Ojak Lloyd 8 ACL 6 Dongnama 3 ANL 3 ECL 4 Accord 8 ECU Line 6 Appenship 5 Evergreen 6 Austral 8 fooflflSun 8 Balaji Shpg 5 G Link 4 BSA 7 Genwrtrans 6 BtangMas 8 Hangli 7 CCNI 7 Hanjin 3 CMA 8 Heung-A 4194 words
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Article19957 1999-12-16 39 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Oest n Name Name Number Number SIN Dest'n Name Name Number Number 29/12 24/01 Evergreen E GENTRY 0318H)80W 6* *****11 To ABIDJAN (ABJ) 2003 Cote D'I voire »/u 25/01 KienHung harmony container19,957 words
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SHIPS IN PORT
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Article699 1999-12-16 43 Vessel Voy No Berth Arrival Departure Sunt* Jaya2 Jm6027 JI7 (5/12/1:50 16/12/8:00 Stauquanghai OCC 99 M 15/12/5:20 16/12/6 00 M Satria li ***** J01 15/12/8:15 *5/12/16:30 Bint an Mulya *****9 J02 15/12/5:50 16/12/23:59 C Success 15 0£C J09 15/12/8:40 15/12/16:00 Harapan SI *****9 JOS 15/12/8:55 15/12/2300 Aqua lucky699 words
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Article1932 1999-12-16 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr P*rlod From To From AL FARAHIOI COW )6/t5 00 2A M/1700 15/0659 B/0900 28 U/1700 B/0659 B/0900 J 15/0700 B/1B9 B/MOO 4 B/1200 15/M59 ivm» ALJUUAVA 2 M4M ff/MO 2* Wtm BMW 8*900 ?91,932 words
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Article214 1999-12-16 43 Deo 23 Japan: Emperor's Birthday. Dm 25 Italy: Christmas Day. Brunei: Christmas Day. Australia: Christmas Day. Belgium: Christmas Day. Canada: Christmas Day. Denmark: Christmas Day. France: Christmas Day. Germany: Christmas Day. Hong Kong: Christmas Day. Indonesia: Christmas Day. Deo 26 Australia: Boxing Day. Canada: Boxing Day. Denmark: Boxing214 words
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Article798 1999-12-16 43 THIS report, compiled by Cockett Marine OU 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 individual798 words
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Article531 1999-12-16 43 Carbon 180 Max 992.1 2-3 18.1 0.11 79 0.09 OK 9 Density Water Residue Ash Aluminum Sediment Wo Above E25 7 1 17 10 0 380 AM 963.2 0.4 12J 0.06 30 0.02 U,Z 360 Mi 990.8 14 15.3 0.12 67 0.04 MAT3 */V M/M M/M531 words
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AIR & LAND transport
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363 1999-12-16 44 South Korean carrier's first ever strike may dampen earnings prospects Bloomberg [SEOUL] Hundreds of Asiana Airlines' airport service workers voted to go on strike indefinitely ahead of the busy holiday season after Korea's No 2 carrier rejected their demand for a 11.4 perBloomberg - 363 words
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Article, Illustration291 1999-12-16 44 AFP [HONGKONG] Hongkongbased Cathay Pacific Airways said it has placed an order for three aircraft from Airbus Industrie, to cope with expected growth in travel and tourism in Asia. The three A 330-300 aircraft, each costing about US$l3O million (*****17.1 million). will be delivered inAFP - 291 words
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LOG Book
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91 1999-12-16 44 AFP [BANGKOK] The Thai cabinet has approved a plan by national carrier Thai Airways International to purchase seven new aircraft worth U*****.06 million (511.4 billion), a government statement said. It said Thai would buy one Airbus 330-300 and a Boeing 747-400 with aAFP - 91 words
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Article73 1999-12-16 44 AFP [ROME] Italy and the United States have signed an open skies accord liberalising air links between the two countries, the Italian transport ministry announced. Italian airlines will have unlimited access to US destinations, and vice versa, as long as they have airport slots.AFP - 73 words
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63 1999-12-16 44 Reuters [CANBERRA] Australia said yesterday that all restrictions on dedicated airfreight services between it and the United States had been removed. Carriers from Australia and the United States would be able to operate dedicated freight services with no restrictions on capacity, aircraft type, code sharing,Reuters - 63 words
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Article112 1999-12-16 44 AFX-Asia [HONGKONG] Hongkong Air Cargo Terminal Ltd (HACTL) said cargo handled in November rose 24 per cent from a year earlier to 161,893 tonnes. The company said that after a stronger than expected third quarter, the fourth continues to experience significant growth. "Although November's tonnageAFX-Asia - 112 words
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96 1999-12-16 44 AFX-Asia [SHANGHAI] Hongqiao International Airport Co Ltd said it will sell a 20.37 per cent stake in Shanghai Pudong International Airport Co Ltd to Shanghai Airport (Group) Co Ltd for 1.4 billion yuan (*****.1 million). Hongqiao Airport will invest the 1.4 bin yuan inAFX-Asia - 96 words
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Article, Illustration72 1999-12-16 44 [BIRMINGHAM] British entrepreneur Virgin train boss Richard Branson is dressed as Santa Claus, as he launches his new tilting train atAlstom near the midland city of Birmingham with a spray of champagne. The company is planning to replace its entire West Coast Mainline rolling stock by 2002,AFP - 72 words
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272 1999-12-16 44 Assm set-np will be similar to low-cost terminals seen in regional airports Reuters [SYDNEY] Sydney Airport operator Sydney Airports Corp Ltd said that it was looking at upgrading its common user terminal to accommodate the Virgin Group's planned no-frills Australian domesticReuters - 272 words
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258 1999-12-16 44 Sharply reduced number of flights expected on New Tear's Eve Reuters [BRUSSELS] European air traffic and safety controllers said that everything had been done to minimise the risk of any millennium mishaps. "There is currently every indication from the 37 EuropeanReuters - 258 words
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Article1979 1999-12-16 44 CITY FLIGHT ETA FlIGHT ETD AM44* BA 7 381 1930 8A7382 2050 f*ta0»4 $0989 1540 $0990 0125 Of81 1930 0F82 2050 S0803 1910 C2352 0035 AN8229 2230 C2353 2045 $0604 1015 L 5SI?2 Haaol *1(741 1310 ****** 1410 $0229 2230 V*$0743 1925 AMittrfM $023 0650 CA9741,979 words
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Advertisement161 1999-12-16 31 RCL: Shipshape for the future Page 2 Asians Airlines airport workers strike Back page Did you know... ...the TT Club insures over 2 /j of the world's container fleet ...the TT Club insures over 3250 freight forwarders and NVOCs .the TT Club is a mutual and is run for the161 words
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Advertisement152 1999-12-16 32 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK with Real-Time Shipping Information (global home page) www.nykline.com pci"iedutes si"iiprr.snc Summary 0 ■9f' >^L ATYKune NIPPON YUSIN KAISHA SANKYU (S) PTE LTD I Telex:152 words
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Advertisement750 1999-12-16 32 Lines services represented by Members °1 the Registry of Members o< the UHsfl/ Accredited Shipping Agents. U|U Smgapore Freight Forwarders National Shipping Assoc Association p ULY LINE MALE VESSEL VOY ETA T~Ett Tlu P. KLAHG SPOKE MALE Princess Lily V 1199 19/12 23/12 30/12 Empress Lily VOlOO 03/01 05/01 16/01750 words
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Advertisement1100 1999-12-16 33 SAX SERVICE (DIRECT) VBSa VOY SX£IA LAX OAK DAI HOU 08 OX MUM «l !j!C APIGAKKT Ql6t IS/1? 30/12 04/01 04/01 04/01 04/01 04/01 04/01 OS/01 OS/01 AftSFiß. 0161 22/12 06/01 11/01 11/01 11/01 11/01 11/01 11/0> AftSAMONYX 0171 05/01 20/01 25/01 25/01 25/01 25/01 25/01 25/01 26/Oj 26/01 API1,100 words
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