The Business Times, 17 December 1999

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Total Pages: 50
1 50 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 046/12/98 85C SINGAPORE Internet: :":ttp://business-times.asial .com.sg/ FRIDAY, DECEMBER 17,1999
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  • 65 1 sn *****6 (-14.57) BT-SBI 883.49 (-7.17) ansa FUTURES ***** (-1.20) STOCK MARKET INDICES Thursday Change KLSE OOMP 767.89 -0.09 NIKKEI 18.111J1 -27.05 HANG SENG ***** X -263.95 SET INDEX 437.70 -0.16 JAKARTA COMP 6465! 5.87 MANILA COMP _1,972.78 26.71 TAIPEI WPI 7,739 76 -120.13 SEOL'LCOMP ***** -16.01 OSA
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  • 79 1 FOBEX BATES rs» s$ liS$ 1.677 £(US$/S$ per 1.610 2.699 Kl!RO(US$/SS/E)_ 1.011 1.695 DM 1.936 0.866 YEN 1018 1.631 RM 3.800 0.441 HKJ 7.772 0516 HAHT 37.97 0.044 RUHAH 7,086 0.024 'St to 100 unto PRIME SATES SINGAPORE* 5.80 IJ MPI'R 7.25 JAKARTA 44)00 BANGKOK 10 00 MANILA 11.00
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  • 1300 1  -  ifiTEnararei Mergers and acquisitions the preferred way, with George Ty in the lead From Al Labita in Manila THE Philippines' six ethnic Chinese taipans are locked in a fierce battle for dominance in the country's liberalised banking industry. George Ty, the richest with
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  • 564 1 Money enough to buy Ford Motor or Ireland World's richest man Bill Gates is now worth USsBs.3b Bloomberg [REDMOND, Washington] The net worth of Microsoft chairman Bill Gates on paper has risen by US$7.7 billion (5512.9 billion), making him worth more than the market value of Ford Motor or the
    Bloomberg  -  564 words
  • 400 1 SEC wants to place the onus on companies that reveal non-public information FT [NEW YORK] The US Securities and Exchange Commission (SEC) has proposed new rules to crack down on the selective flow of material information from quoted companies to equity analysts. The new
    FT  -  400 words
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    • 97 1 nnapE BT Comment R Sivanithy on the tricky issue of share suspensions on the Singapore Exchange. Pg4 Exec Lifestyle Hamper business: How 3 niche players stay ahead of the competition. EL 1 Top stories S'pore govt to upgrade corporate regulatory framework and standards of corporate goverance. Next Page WBL's earnings
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    • 81 1 t P* f l *VO r* Some sensible suggestions on what to do with your EXECUTIVE MONEY Pg 10 Suspending share trading: level the playing field, Pg 4 What you're not told in the land of transparency, Pg 10 A AW M\ V I> Mh- j n/Hw The movement IV/
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  • NEXT page
    • ON THE grapevine
      • 124 2 ONE might not have expected it, but the latest national productivity blueprint, a 10-year plan codenamed Pro Act 21, is a fairly slick job, at least in terms of packaging and design. Snippets of background information and global trends, and case examples of innovative local companies also convey
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      • 69 2 WE really admire those who dedicate themselves to the pursuit of speed and efficiency in the office. A BT journalist this week received a special Christmas and New Year card from one of the local banks. It is a bare greetings card with no signature or
        69 words
      • 64 2 WITH all the talk about tech stocks going crazy, securities analysts are always careful about what they say. In talking about Hongkong's stockmarket rally yesterday, John Schofield, a Prudential-Bache chartist, said the dramatic surge last month and this month reflected a coincidence of liquidity and the technology
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      • 89 2 A DEALER had this story to tell Grapevine about how the Singapore Exchange (SGX) forgot to suspend trading of CM Tel's warrants on Dec 9 although the mother shares were suspended. "I called SGX at 9.15 am and the person answering the call directed me to a fancy
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      • 82 2 TELECOMS operators tend to blame manufacturers of handphones for delays in the introduction of new technology. When GSM handphones were finally available commercially in the early 1980s, operators breathed a sigh of relief and dubbed it "God Sent Mobile". Now, the big wait is for phones with
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      • 41 2 THE invitation to Lucent Technology's Christmas party is loaded with incentives. Computers, holiday trips for two and bottles of wine are among the prizes to be given away. Looks like guests are at a premium this Christmas.
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    • 246 2 They report 5% higher profits than men across all age groups Reuters [LONDON] Maybe it's intuition, maybe it's not, but women are proving cannier share pickers than men among Britain's growing band of private investors. A City Share Shop quarterly survey released
      Reuters  -  246 words
    • 529 2  -  Three committees to review regulatory framework, disclosure standards By' Ven Sreenivasan [SINGAPORE] Having set in motion various initiatives to boost the competitiveness of the financial sector, the government is now turning its attention to upgrading the corporate regulatory framework and standards of corporate governance in
      ARTHUR LEE  -  529 words
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  • FOREIGN talent
    • 690 3  -  After spending over 25 years in Singapore, the Meyers from Germany feel so at home they don't want to leave Hy Marissa Chew LONG before talk of attracting foreign talent to Singapore's shores started, Gunther Meyer came over from Germany to work in the
      ARTHUR LEE  -  690 words
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    • 21 3 'Yl#. gl M t I 1811 la 7/ y'j^ 0 1M «f 1 1 7 CHANEL Ngee Ann City 733 5120
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  • SINGAPORE companies
    • 682 4  -  It's aiming for 20-30% compounded annual profit growth, plans to list 2 units By Teh Hooi Ling LOW profile WBL Corporation yesterday announced a whopping nine-fold rise in net earnings to $19.3 million and announced a one-for-two bonus share issue
      682 words
    • 265 4 KINGBOARD Copper Foil made a poor start on its first trading day yesterday, sinking below its initial public offer price of 53 cents to close at 47.5 cents. Analysts pointed to the weak market and a lack of understanding of the company
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    • 441 4  -  Market regulator scrutinising plan, says ELSE official By' Teh Hooi Ling THE proposal by the Securities Investors Association of Singapore (SIAS) to stagger the release of frozen Malaysian Clob shares over 12 months has received favourable response from top political officials in
      441 words
    • 462 4  -  By. Eugene Low KIAN Ho Bearings' net tangible assets per share could be slashed by almost 27 per cent to 18.4 cents if the advances to and debts owed by various parties to the company are not recoverable, company auditors
      462 words
    • 761 4  -  HQCKl l»!»j m muj r sivanithy THE topic of share suspensions has cropped up in the local press recently after a reader queried the Singapore Exchange (SGX) why there didn't appear to be consistency in the way two companies made their stock split
      761 words
    • 603 5  -  Liquidity, technology driven boom will power boll market: Prn-Bache chartist By\ Siow Li Sen HAVE a party at the millennium ball because the Singapore stockmarket bull is on an extended run which will bring the market to 3,600 by year-end 2000. John Schofield,
      FILE PHOTO  -  603 words
    • 276 7 S'pore-based firms will be making mobile phones for Motorola Bloomberg [BUDAPEST) JIT Holdings Ltd and Flextronics International Ltd, two Singaporebased electronics companies, said they will invest more than US$6O million (*****.6 million) in Hungary to make mobile phones for Motorola Inc. Flextronics,
      Bloomberg  -  276 words
    • 235 7 REFLECTING the poor retail market conditions earlier this year, department store Isetan Singapore yesterday announced a 25.5 per cent fall in interim net profits to $548,000. Group turnover dipped 4.2 per cent to $107.5 million for the half year ended Sept
      FILE PHOTO  -  235 words
    • COMPANY Briefs
      • 106 7 MAINBOARD-LISTED Liang Huat said its wholly-owned subsidiary, Almex Technology Pte Ltd has entered into a collaboration agreement with Veka Plastics (Singapore) for the production and distribution of uPVC window and door systems in Singapore. Veka is a wholly-owned subsidiary of the Veka Group,
        106 words
      • 81 7 THE OCBC 30-Share index will be changed after trading closes on Dec 30. OCBC Bank said Rothmans Industries (which has been delisted), IPC Corp and Shangri-La Hotel will be deleted. Datacraft Asia, JIT Holdings and Raffles Holdings will be added to the index. Singapore
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      • 54 7 Corrections clarifications PACIFIC Century Regional Developments (PCRD) clarified yesterday that a block of 14.5 million PCRD shares placed out on Wednesday did not come from an independent third party director. The shares placed through BNP Prime Peregrine Securities came from a "third party," a spokesman said, clarifying earlier information supplied
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    • 475 7  -  COLLECTIVE PUTS Seven terrace houses in Mart&ban Rd also np for en bloc sale By Kalpana Rashiwala KEPPEL Land continues to strengthen its presence in the Newton area with its purchase of the 31,312 sq ft Norfolk Garden site for $35.7 million.
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  • Page 5 Advertisements
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  • SINGAPORE markets
    • 448 6 Stock* VokjWg Kingboard U81 Oc 70,835,000 SingTal 16c 14,033,000 LAM 50c 8,739,000 Aaia FoodAProp US$ 8,721,000 Kappal Corp 8,068,000 MIT 10c 7,988.000 Panama 25c 8,724,000 MadlaRIng 10c 8,684,000 ChuanHup 20c 8,258.000 •Qentlng Int 8,048,000 Stock* 8 DBSQrp 51,943,088 SlngTa<15c 47,783,104 OCBC 43.742.378 Kingboard US10c 36,673,390 Kappal Corp 31,297,610 SIA 27,071,219
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    • 553 6  -  STOCKS r. sivanithy PRICES fell for the fourth consecutive day yesterday despite a firm session overnight on Wall Street. However, what was most probably short-covering helped keep the Straits Times Index above the 2,300 level as once again, all the
      553 words
    • 199 6  -  WARRANT WATCH By\ R Sivanithy HOTELS and property stocks have really fallen out of favour at the moment take a look, for instance, at the performance of Raffles Holdings since its IPO a few days ago. But these things always go in cycles;
      199 words
    • 233 6  -  HOT STOCK By' Ven Sreenivasan THE stock of Indon-controlled specialist engineering group LAM has been featuring prominently on the actives list in recent weeks, fuelled by several new developments. However, the stock slid a cent to $1.21 on a volume of 8.7 million shares yesterday. Nevertheless,
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    • 124 6 Singapore ♦2pm. Institute of Microelectronics (IME) Electronic Packaging Research Consortium (EPRC) 2000 signing ceremony ♦7pm. Singapore Manual Mercantile Workers' Union dinner and dance. Guest of honour: Deputy Prime Minister Lee Hsien Loong (Jlßldg Ottawai Statistics Canada releases November consumer price index figures, and October
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    • 486 6  -  CURRENCIES Yen and euro also better off as US$ retreats across the board in thin trade larry wee THE Thai baht and Indonesian rupiah took centre stage in Asian trading yesterday, on a day that saw the greenback give up important ground against
      486 words
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    • 1798 7 rm WBL CORPORATION LIMITED k (Incorporated in Singapore) ANNOUNCEMENT RESULTS The unaudited results of the Group and of the Company for the financial year ended 30 September 1999 are as follows:GROUP COMPANY 1999 1998 +/H 1999 1998 $*000 $-000 $000 $*000 Turnover 678,386 667,635 16 Investment income/floss) 7,227 (563) 10,980
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  • SINGAPORE news
    • 218 8 Full-blown competition expected once Star Hub enters market in April AFP THE mobile telephone unit of Singapore Telecommunications Ltd (Sing Tel) said yesterday that it would not be in its interests to enter into a price war among mobile operators. "Sing Tel
      AFP  -  218 words
    • 457 8  -  Growth of 4 to 6% expected this year as regional markets recover liy Audrey Tan SINGAPORE'S trade recovery is firmly on track, with this year's trade likely to rival 1997's levels, Trade Development Board (TDB) officials said yesterday. TDB said at a
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    • 445 8  -  They will be models for other provinces Indon ambassador Jeanette Pang A FREE trade zone for Indonesia's three Riau islands is slated for the first quarter of next year, said Luhut Panjaitan, Indonesia's Ambassador to Singapore. "Batam, Bintan and Karimun islands
      CHRIS LOH  -  445 words
    • 193 8 7-ELEVEN Singapore will introduce e-com-merce kiosks at some of its stores by the first half of next year. At these kiosks, customers can order air tickets, make travel reservations and conduct other e-commerce transactions. These e-commerce kiosks will complement, not compete
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    • 305 8  -  By, Jennifer Lien ORDERS of new electronic components in the US fell 15 per cent in October, the first drop in 14 months. The fall in new orders year-on-year to U5512.03 billion (5520.2 billion) in October compares with a revised 23 per
      Source: US Co Dept  -  305 words
    • 216 8 The joint venture will extend its reach into the US DTZ Debenham Tie Leung, the new property partnership which includes local firm Edmund Tie Company, said it will extend its reach into the US by setting up a joint venture with Dallas-based The
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  • Page 8 Advertisements
    • 300 8 ff l f 4 Mr j^H Xin's Millennium Countdown Party 31 Dec 1999 7pm to lam Toast to 2000 with a bottle of extremely valuable, limited 1 edition Champagne Drappier "Cuvee Du Millenaire V 1 Millennium 2000, France" together with a pair of If* *< n Champagne flute glasses. This
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  • MAIL bag
    • 307 9  -  Janet Tan Acting Executive Director Institute of Certified Public Accountants of Singapore WE refer to the commentary, "Accountants, find out what market wants" (BT, Dec 10). We would like to state that we do not agree with the view of the writer, David
      307 words
    • 214 9  -  Tan Jiak Lim Singapore THE protracted Clob impasse has defied the expectations and logic of reasonable people. Even fair-minded, rational Malaysians are probably dismayed by the constant shenanigans and cavalier statements. What exactly has caused this shameless impasse? That Singapore had operated an illegal market
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    • 200 9  -  Siew Kim Singapore I ATTENDED a recent Saltimbanco performance and enjoyed the show tremendously. I applaud the government for creating opportunities for such shows to be staged in Singapore. But I have a complaint to raise. My tickets were purchased via Sistic telephone bookings. The lady
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    • 118 9  -  Denis Distant Singapore APPLICANTS for the recent rights issue by Mayfran had their CDP accounts (Central Depository) credited on Dec 13 with the shares and warrants applied for, but by Dec 16, the warrants had still not been listed for trading. Did the managers of
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  • Page 9 Advertisements
    • 1039 9 (TO) fresh fields Freshfields Singapore would like to wish friends and clients a very happy Christmas and prosperous 2000 This year, as an alternative to sending Christmas cards, we are making a donation to charity BM The Centre for Enterprise Executive Development And Research f rjH of the Department of
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  • EDITORIAL & opinion
    • 795 10  -  rWToTMIrT.fi OPINION tom plate The writer, a Los Angeles Times columnist, also teaches at the University of California, Los Angeles. E-mail: Tplatefaucla.edu IS THE Clinton administration still sulking over Seattle? Many in Asia will decide that for themselves in February, when 188 nations converge
      795 words
    • 93 10 'Under Stalin, we lived a thousand times better than we do today. In the *****, there were no homeless. The market economy is turning us into a dictatorship of the West.' Yevgeny Dzhngashvili grandson of Josef Stalin, who runs a political party. 'Politics doesn't interest me. What
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    • 629 10 EDITORIAL MALAYSIAN Prime Minister Mahathir Mohamad has opted for continuity in economic policy by sticking with trusted aides in key economic positions in his new Cabinet No doubt Dr Mahathir had a wary eye on the uncertain external environment in retaining Daim Zainuddin and Rafidah Aziz
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    • 1138 10 Bering believes state banks have home advantage, bnt beyond 3 years only reforms can avert banking crisis The Economist TO CLINCH a deal last month with America over joining the World Trade Organization (WTO), China made many concessions. But some of
      The Economist; FILE PHOTO  -  1,138 words
    • 900 10  -  COMMENTARY By Floyd Norris NYT IT SOUNDS like something that no one would support: the selective disclosure of important information by companies. Such a practice enables those favoured with early knowledge to make money at the expense of traders not so
      NYT  -  900 words

  • MALAYSIA news
    • 583 11 KUALA LUMPUR Inflation rate for 1999 seen tinder 3%; Oct manufacturing sales np 27.5% Reuters MALAYSIA yesterday reported its tamest inflation rate in a decade along with surging manufacturing sales as the economy's recovery from its worst recession in
      Reuters; AFP  -  583 words
    • 210 11 KUALA LUMPUR Bloomberg TECHNOLOGY Resources Industries Bhd, Malaysia's biggest cellular phone company, said yesterday that it had got a court order restraining its bondholders from winding up the company after it failed to repay debt. TRI, as the company is commonly known, obtained
      Bloomberg  -  210 words
    • MARKET moves
      • 103 11 MALAYSIAN syndicates may be back in action again. The Second Board index, which was the target of syndicates in the past, rose 4.77 points to 167.02 despite the overall market softness yesterday. However, the interest was selective. LKT Industrial registered hefty gains of RM1.52 to RM5.80,
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      • 66 11 WHILE some Second Board counters chalked up big gains, blue chips were pretty much neglected yesterday. Rothmans shed 50 sen to RM27.00, while Nestle gave up 30 sen to end at RM 15.70. Analysts said interest in big-cap stocks may return in the first quarter next year
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      • 63 11  -  Compiled by! Eddie Toh TECHNOLOGY-RELATED stocks continued to dazzle despite the lack of fresh leads in the overall market. Unisem chalked up RM1.60 to RM23.60, Globetronic was up RMI.IO to RM10.60, AKN Tech up RM1.05 to RM8.75, and CSA gained 70 sen to RM9.00. Analysts expect tech
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    • 431 11  -  It wants to license firms providing voice services over Net Front Diana Oon Abdullah in Kuala Lumpur TO ensure that local telecommunications companies are not disadvantaged, the Malaysian government wants to find a way to license Internet companies which want to provide voice
      431 words
  • Page 11 Advertisements
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  • SOUTH east asia
    • 445 13 BANGKOK It involves payment postponement, new share issuance Bloomberg TPI Polene pel's creditors approved a proposal from Thailand's No 3 cement producer to restructure about US$l.2 billion (Ss2 billion) of debt. The agreement is one of the biggest between a Thai company and its
      Bloomberg  -  445 words
    • 311 13 ■JAKARTA Bloomberg PT Indah Kiat Pulp Paper, Indonesia's largest pulp and paper company, and sister company PT Tjiwi Kimia said nine-month profits slumped as the stronger rupiah pushed up costs. Indah Kiat's nine-month profit fell 61 per cent to US$B9.6 million
      Bloomberg  -  311 words
    • NOTE Book
      • 93 13 AFX-Asia [JAKARTA] International financier George Soros is interested in buying a minimum 20 per cent stake in toll road operator PT Citra Marga Nusaphala Persada with an option to purchase 35 per cent, daily Neraca reported, citing an unnamed source. "Soros also asked
        AFX-Asia  -  93 words
      • 77 13 Bloomberg [JAKARTA] Indonesia's foreign currency debt rating outlook was raised to "positive" by Moody's Investors Service on signs of improving ties between Indonesia and the International Monetary Fund (IMF). The changes come as the newly elected government of Abdurrahman Wahid moves to repair relations with
        Bloomberg  -  77 words
      • 74 13 Reuters [BANGKOK] Thailand's central bank said yesterday an investigation showed that state-owned Krung Thai Bank did not delete any information on its large borrowers from its computer system as alleged by the opposition. "After suspicions raised last month, the Bank of Thailand (BOT) has investigated Krung
        Reuters  -  74 words
    • 477 13 JAKARTA Move seen as major blow to bank rescue plans bnt markets are nnfazed Reuters, AFP BRITISH-BASED Standard Chartered Bank Pic's decision to quit its PT Bank Bali deal is a major setback to Indonesia banking rescue plans and will send a cold
      Reuters,; AFP; FILE PHOTO  -  477 words
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  • EAST asia
    • 410 14 Pact ends one year of uncertainty; loss to be shared between creditors and Guangdong govt Bloomberg GUANGDONG Enterprises (Holdings) Ltd has made a breakthrough in restructuring talks with some creditors. Yesterday GDE announced terms of a new agreement with its main committee of creditors on
      Bloomberg  -  410 words
    • 161 14 TAIPEI Bloomberg ACER Inc, Taiwan's largest computer maker, and GE Information Services Inc, the e-commerce unit of General Electric Co, will invest an initial US$l4 million (5523.5 million) in a new company to localise and distribute business-to-business e-commerce software in Asia. The company,
      Bloomberg  -  161 words
    • 43 14 [MACAU] Workers fight inclement weather as they nail down red carpet yesterday on the Macau waterfront in front of one of the buildings to be used in the handover ceremony of Macau to Chinese sovereignty at midnight on Sunday. AFP
      AFP  -  43 words
    • 366 14  -  It's pumping USs3om into joint venture with Netcel I'Yom Meera Tharmaratnam in Hongkong HONGKONG businessman Richard Li's Pacific Century CyberWorks (PCC) group yesterday announced a tie-up with Netcel 360 Ltd to develop the e-commerce side of PCC's business, just two days after it
      366 words
    • 313 14 HONGKONG Reuters COMPANIES may continue to move their regional headquarters out of Hongkong despite an improvement in business confidence over the past year, according to an American Chamber of Commerce (AmCham) survey released yesterday. While 84 per cent of respondents foresaw a good
      Reuters  -  313 words
    • 233 14 HONGKONG Reuters HUTCHISON Whampoa Ltd and parent Cheung Kong (Holdings) Ltd said yesterday they would jointly launch a Web portal offering China-re-lated content in January 2000. The companies said they would fold their existing and planned Internet "infotainment" content activities into a new holding
      Reuters  -  233 words
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  • SOUTH asia
    • 461 15 ISLAMABAD AFP PAKISTAN'S military ruler General Pervez Musharraf unveiled a bold economic agenda on Wednesday promising to bring in a broad sales tax and revive investor confidence. When the general seized power in a coup on Oct 12 he pledged to put the revival
      AFP  -  461 words
    • 379 15 BOMBAY Reuters INDIAN private bank stocks surged yesterday, many of them hitting the 8 per cent circuit breaker limit, as speculators and investors bought shares on hopes of a wave of mergers in the sector. While a likely merger wave appeared to
      Reuters  -  379 words
    • 215 15 NEW DELHI AFP THE Indian government introduced in Parliament yesterday a sweeping Information Technology Bill which includes cyber laws that are expected to give a boost to electronic commerce in the country. Parliamentary Affairs Minister Pramod Mahajan tabled the bill, which
      AFP  -  215 words
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  • WORLD news
    • 518 16 TOKYO No 2 telco in nation's biggest takeover; new firm to challenge NTT Bloomberg DDI Corp, Japan's No 2 long-distance telephone company, agreed to buy rivals KDD Corp and IDO Corp for more than 2.7 trillion yen (5543.7 billion) in
      Bloomberg  -  518 words
    • 392 16 SAN FRANCISCO Microsoft's USSIb operating system will retail on Feb 17 Reuters MICROSOFT Corp Wednesday wrapped up a US$l billion (Ssl.7 billion), threeyear plus project to create a professional operating system it hopes will win a big following in the back shops of "dotcom" Internet
      Reuters; REUTERS  -  392 words
    • 355 16 NEW YORK Low liquidity may hamper trades at prices clients want Reuters WALL Street banks are urging clients to avoid foreign exchange transactions settling in the first week of January because of illiquid trade and potential Y2K-relat-ed glitches, industry officials said
      Reuters  -  355 words
    • 247 16 PARIS Bloomberg, Reuters SOCIETE Generale SA, France's third-largest bank, said it bought 3.8 per cent of rival Credit Lyonnais SA and said it did not rule out taking a bigger stake. The purchase would have cost about 2.8 billion French francs (***** million), and
      Bloomberg,; Reuters  -  247 words
    • 444 17 BERLIN It says sonnd national economic, financial policies vital for stability Bloomberg AFP, Reuters FINANCE ministers and central bank governors of the Group of 20 nations said they welcomed the recent improvement in the world's economies, but insisted that further progress was
      Bloomberg; AFP,; Reuters; REUTERS  -  444 words
    • 414 17 TOKYO He proposes council of ministers, regnl&tion of speculative fonds Reuters FRENCH Prime Minister Lionel Jospin called yesterday for stronger international institutions and new regulatory mechanisms to rein in the economic forces unleashed by globalisation. In a speech at the start of a
      Reuters  -  414 words
    • 460 17 WASHINGTON Gap grows to USsl&2b, led by Japan and China Bloomberg THE US merchandise trade deficit with its Pacific Rim trading partners increased in October, led by record shortfalls with Japan and China. The US trade gap with Asia grew to
      Bloomberg  -  460 words
    • WORLD Watch
      • 70 17 Reuters [WASHINGTON] The United States has agreed to pay China US$2B million (5546.8 million) in compensation for Nato's destruction of Beijing's embassy in Belgrade during the alliance's air campaign against Yugoslavia, State Department legal adviser David Andrews said yesterday. He told reporters China also agreed
        Reuters  -  70 words
      • 57 17 Bloomberg (SYDNEY] GIO Australia Holdings Ltd's shareholders yesterday voted in favour of AMP Ltd's As74o million (*****.3 million) bid for full ownership of GIO. GIO chairman Paul Mazoudier said 97.2 per cent of the votes cast were in flavour and 95.75 per cent of shareholders
        Bloomberg  -  57 words
      • 57 17 Reuters [SEOUL] Moody's Investors Service upgraded South Korea's sovereign debt rating yesterday, saying the nation was now far less vulnerable to external shocks and could move to effectively restructure its financial system. Moody's said it was raising South Korea's foreign currency ceiling for long-term debt
        Reuters  -  57 words
      • 87 17 AFP [NEW YORK] ExxonMobil Corporation, formed from the merger of Exxon and Mobil oil companies, will eliminate 16,000 jobs by the end 2002, ExxonMobil chairman Lee Raymond announced on Wednesday. He told investors that nearly 2,000 of the 16,000 jobs have already been
        AFP  -  87 words
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  • Page 17 Advertisements
    • 306 17 HASSAN'S In Singapore since 1930 Assets of Past Generations Value for Future Generations Hassan's First Auction in line with the re-engineering of the thinking, structure and strategy, for Asean advertised in Business Times 4th 6th December 1999 was held on 6th December 1999. It drew a small perceptive audience. However,
      306 words
    • 250 17 I I I I I I I I I I ivdjC fiddfftf sviwsnjyj hjjdy\[, A I I I I I I LU 'ill OC I I AC UJ ui X J !_XJ OI o Kl I"I I I I I I I I I I I I I I i
      250 words

  • FINANCE & commodities
    • 241 18  -  SGX Derivatives Trading/fVyxjrfo MS& Singapore Index Daphne Tay, Jardine Fleming TEIK Singapore stock market continued its descent yesterday as investors kept to the sidelines ahead of the holiday season. Banks and property counters remained under pressure despite the unwinding of the 12.5-basis-point rise in the
      241 words
    • 215 18  -  MSCI Taiwan futures Matthew DenBleyker Refco Singapore THE Simex MSCI Taiwan Stock Index futures yesterday fell 7.3 points to 346.8 while the underlying MSCI cash index declined 6.84 points to 346.9. Fund managers were reported to be paring back some of their positions in
      215 words
    • 220 18 ENERGY REPORT Bloomberg [NEW YORK] Crude oil was little changed yesterday after rallying more than 4 per cent this week on signs that coldweather demand will erode heating oil supplies that already are down 20 per cent from a
      Bloomberg  -  220 words
    • 331 18 Reuters New York THE dollar was broadly weaker in early New York dealing yesterday after a record US trade gap and stron-ger-than-expected German data pushed it lower against Europe's single currency. The dollar edged back against the euro and the Japanese yen after data showed that the US
      Reuters  -  331 words
    • Article, Illustration
      934 18 INTERBANK CROSS RATES Dec 16 Bmb tMf Vl Dnl HH$ Ind Rs Pupuli Yen Won BM WZ$ P* Rs Ptw S$ »tod Sfr WT$ Mrt PowK US$ £2? 1.057 09 o°S is S! !S ;s ifi iiS£;ni?2l \°S IS r s; s 8392 om s 8 9 S 1 5
      934 words
    • 1915 18 SICOM FUTURES iMie RUBBER (futures dosing as it 5.30pm) RSS 1 CONTRACTS cents/kq) Close Volume Open Month High Low Sett (tonnes) Interest Jan 00 108.50 Feb 00 110.00 300 Mar 00 113.00 100 Apr/Jiin 00 119.50 RSS 3 CONTRACT (US cents/kg) Volume OpM Month High Low Stt (tonnes) Interest 00
      1,915 words

  • SOUTH east asia
    • 2832 19 HONGKONG AFX-Asia Q Hang Seng -253J96 HONGKONG share prices closed lower yesterday, with investors taking profits following recent gains and fund managers closing their books ahead of the year-end, dealers said. However, red chips were higher on reports that Guangdong Enterprises
      AFX-Asia  -  2,832 words
    • Article, Illustration
      950 19 Reuters P Shenzhen B Index -L 46 SHENZHEN stocks closed down yesterday as two firms announced that they would issue domestic A shares and renewed fears of rapid market expansion. Investors were also disappointed by the government's failure to unveil market-boosting policies before the return of the Portuguese colony
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  950 words
    • 363 19 AFP QWPlnda -120J3 TAIWAN share prices closed 1.5 per cent lower yesterday amid weak market confidence following heavy institutional selling the day before, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 120.13 points to 7,739.76 on turnover of NT5156.58 billion. "Market confidence was undermined by heavy selloffs
      AFP  -  363 words
    • 2033 19 TOKYO AFP Q Nikkei 225 -27.06 SHARE prices in Tokyo closed 0.1 per cent lower yesterday as a lack of fresh leads dampened sentiment and investors took profits in high-tech issues, brokers said. The Nikkei average of 225 selected issues lost 27.05 points
      AFP  -  2,033 words
  • Page 19 Advertisements
    • 53 19 You never actually RfIJEK PHILIPPE GENEVE own a Patek Philippe. You merely look after it for the next generation. The Annual Calendar. The first self-winding annual calendar watch with power reserve and moon-phase. w Men's Annual Calendar ref: 5036/1. For information: Geneva Master Time, Tel: (65) 732 1506. www.patek.com Begin
      53 words

  • Page 20 Advertisements
    • 1023 20 To_advertise_ca[l toll-free 1800-741 1883 Fax No: 741 1298 IN TMf NUTTU Of THf COMPANIES Ml CAP. SO ANO IN THf MATTtI Of KfRAITA INVESTMfNT PTE ITD (IN MEMIfR'S VOiUNTAIT LIQUIDATION) NOTRE IS HERESY GIVEN Am 4m (iWfau of it* abovtnomod (onpfny ulieli is beiiQ wound up voJwtfonly art roquKed on
      1,023 words
    • 917 20 IN THE MATTER Of THE COMPANIES ACt CAP. SO ANO IN THE MATTEI Of IONEILANC INVESTMENT PTf LTO (IN MEMIER S VOLUNTARY LIQUIDATION) NOTKE IS HEREIY GIVEN itxH the (fedrtonof *e are leqwed on or Wore 2000 to send ih« names and addresses and itie pan*uias of Aeedefo n cloms
      917 words
    • 1088 20 IN THE MATTER Of THE COMPANIES ACI CAP. SO AND M THf MATTER OF SUPRAZUI INVESTMfNT PTE lIS (IN MfMKR'S VOLUNTARY UOUOATION) NOTKE IS HfREIT GIVEN ibal A* Ciodnors of 4* do i marntd (wpany «b<b iAe| w»nd op iliwdy or* itipnrtd *a at b*for* 14# Janaary 7000 to s«ad
      1,088 words
    • 865 20 IN TNI MATTU Of m COMPAMIfS Ml UP. SO ANO IN TNI MATTf! or HOMUftM MYISTMINT PTf ITD (IN MIMKI'S VOLUNTARY UOtNOATION) NOTKI IS HEREBY WVIN Hot to (n*in W tm *meemM efcd itkej weed »*aieriy rijwMm ot We* 16™ ieeey MOO Side *ar Mi dewedik« tii gddtttttt $1 tkeit
      865 words
    • 960 20 IN THE MATTER Of THE COMPANIES ACT. CAP 90 ANO IN THE MATTER OF PEK HUP TRADING PTE LTD (INCORPORATED IN THE REPUBLIC Of SINGAPORE) NOTICE Of RESOLUTION PURSUANT TO SECTION 2to<2) At an Extraordnary General Meeting ot #w member* ot the abovenamed Company duly convened and held at 1
      960 words
    • 1123 20 IN THE MATTER OF THE COMPANIES ACT. CAP. SO ANO IN THE MATTER OF CREDIT DEVELOPMENT (PRIVATE) LIMITED (In Member* Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting ot the members of the abovenamed Company duly convened and held at 10 Collyer Quay #21-01 Ocean Building, Singapore *****5
      1,123 words

  • STOCKS klse
    • 8277 21 MMMTMAU Coniumtr products 1999 Last Vol Oey Net Cap Hlqh Lew Company Salt OOO Hlqh Lew P/l »mll 440 255 Ajinomoto 302 2 1 302 302 192 122.4 174 46 Anqkase 88 .5 8 88 88 129.8 404 220 Apollo Food Hlq 330 4 4 330 326 7.9 132.0 294
      8,277 words
    • 442 21 AFP. AFX-Asia CI Composite Index -0.09 MALAYSIAN share prices closed slightly lower yesterday in a duU session of profit-taking mixed with retail interest in speculative stocks, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 0.09 of a point to finish
      AFP.; AFX-Asia  -  442 words
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  • SGX clob & regional stocks
    • 3129 22 BONDS WARRANTS pecw it f..| VI Mt Cxftry NM U. Urn L* t»1 lm M Cm. Urn CaUl Mil J Y IH -r rtMl hp M> Ma MblMb Mm m Til' |T UN 80 £1 i US$ —39 5 UKJ 9 39 5 39 5 39 5 40" 3X1 T"
      3,129 words
    • Article, Illustration
      788 22 AFP P SET Index -OJ6 THAI shares closed marginally lower in range-bound trade yesterday, with many investors sidelined amid a no-con-fidence debate in Parliament, dealers said. The Stock Exchange of Thailand Index closed down 0.16 point at 437.70. Trade was thin at 3.48 billion baht despite some renewed interest
      AFP  -  788 words
    • 301 22 AFP Q Manila -26.71 PHILIPPINE share prices closed 1.3 per cent lower yesterday amid continued fears about the Y2K problem and emerging concerns about economic growth next year, dealers said. The Composite Index fell 26.71 points to close at 1,972.78. AFP B c Hrn row> MRC Allied 0.63 unch
      AFP  -  301 words
    • Article, Illustration
      678 22 AFP nCompoate Index -SJJ7 INDONESIAN share prices closed one per cent lower amid profit-taking after recent rallies, with the absence of foreign funds further deepening the selling mood, dealers said yesterday. Trimegah Sekurindo Lestari's Imelda Kwan said the broad market was under selling pressure due primarily to the absence
      AFP  -  678 words
    • 272 22 AFP Q Wellington +3118 LONG-AWAITED news from Fletcher Challenge Ltd on changes to its stock structure gave the New Zealand share market a boost yesterday, helping send it 1.5 per cent higher. The NZSE-40 Capital Index closed 32.18 points ahead at 2,179.18.— AFP »w>* g rooot Atfvantaga HDS 3.99
      AFP  -  272 words
    • 599 22 AFP F1 All Ordinaries +6J AUSTRALIAN share prices rose 0.2 per cent yesterday on the back of strong resource stocks, but were held back by a slump in key blue-chip Telstra Corp, brokers said. The All Ordinaries Index gained 6.9 points to 3,125.90. The All Industrials Index closed down
      AFP  -  599 words
    • 304 22 AFP C 3 Composite Index -15.01 THE Korea Stock Exchange Composite Index yesterday closed down 15.01 points at 948.57. Volume was 301.4 million shares worth 4.1 trillion won. AFP OtcM not* *n«mSml ***** 600 BrMn Ttch .2350 -150 CwttralSMi 2380 -50 Choil Comm *****0 -5000 OMCuBank 3650 50 OMMngCorp
      AFP  -  304 words
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  • 9027 23 •mmxmmmmm* m m itMant i t ii'i»?H '•mmmmm********* MAIN BOARD Transaction date: Dec 16 Cr Cr M wt S2-WH Last Vol Day Last Ouott Olv Olv YW Net Cap Awg High Low SI No Company Salo COOO) High Low Buyer Sailor H C'vr Pit Smll Prtco MULTI-INDUSTRY 182
    9,027 words
  • Page 23 Advertisements
    • 80 23 AiidemarsPiguet ma tre^c ior o rnf^e P u s 1875 v j/iyigF tt 1 I ■jji Who is behind an Auoemars Piguet watch? mm>M-^-SBk Available Promessc Collection Cortina Watch Centre Regional Agcm ft Service CeiHre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. avaiiabif at sincapok Cortina Watch Centre Pte Ltd 207 Henderson
      80 words

  • FOCUS global markets
    • 2513 24 We reproduce here extracts of a speech this week by US Treasury Secretary Lawrence Summers on The right kind of IMF for a stable global financial system' at the London Business School THESE are challenging times. That globalisation offers enormous potential for raising global
      FILE PHOTO  -  2,513 words
    • 68 24 L Focus more on promoting information flow from governments to markets and investors. 2. Give more attention to financial vulnerability, as well as macroeconomic fundamentals. 3. Play a more selective financing role, focused on emergency situations. 4. Give greater emphasis on catalyzing market-based solutions. 5. Adopt
      68 words
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  • EXECUTIVE Lifestyle
    • 1714 25  -  COVER STORY There's more to a gift hamper than a quick-fix solution to the perennial 'what to give for Christmas' question. Rather than a one-hamper-suits-all ideology, success in the gift basket business belongs to those who are quick to spot trends and create customised packages that
      PHOTOS BY SIEW YAW HOONG; SIEW YAW HOONG  -  1,714 words
    • VIEWPOINT
      • 879 26  -  OFF^rraaTTii Why is it that clowns are allowed to get away with singling ont and insulting fat, bald and other unfortunate people? jaime ee I'VE BEEN having bad thoughts lately. Criminal ones. Thoughts that include torture, brutal humiliation, optional extraction of
        879 words
      • STRAWS In The Wind
        • 82 26 YES, VIRGINIA, there is a Santa Claus. But according to one radio listener on Joe Augustin and the Flying Dutchman's morning show, Santa does not travel on the reindeer express. The woman called up in response to a question during the phone-in quiz,
          82 words
        • 51 26 THE Y2K bug is a real insect, as far as a beauty salon is concerned. In an ad, it asks if the bug has attacked your hair through scalp problems, dandruff, damaged hair, stress and even insomnia. Its solution? A herbal holistic
          51 words
    • STYLE
      • Article, Illustration
        1038 27  -  Beauty, for Shiseido, is more than skin deep. The company's new 5S line delves into what its makers refer to as 'the mind status', while its skincare and makeup range, Ipsa is full of 'humanising' colours, tamso ten also finds out more about its forthcoming line for older
        1,038 words
      • 430 27  -  RETAIL Food and flowers have been added to Bine Canopy's range of lifestyle items By. Jaime Ee MINIMALISM in flowers can be looked at in two ways. On the one hand, the sparseness associated with minimalism can be described as stylish, sophisticated and understated. On the
        CHRIS LOH  -  430 words
    • ENTERTAINMENT
      • 751 28  -  CINEMA While it would be hard for any actor to replace Tal Brynner's insolent, prancing monarch, Chow Ynn-fat brings his own charisma to the role in Anna And The King Susan Tsang IT WOULD be unjust to see Anna And The King as The King And
        751 words
    • Article, Illustration
      787 29 Alegria Romance and joy take place within the Cirque du Soleil. Orchard, Causeway, Picturehouse. An Ideal Huaband When his pal is blackmailed, a 19th century rake (Rupert Everett) helps in this adaptation of Oscar Wilde's play. Cathay. Anna And The King Jodie Foster plays the Englishwoman who teaches King
      787 words
    • 119 29 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubilee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 QoMan Village 1900-912-1234 332-6098 for group bookings wheelchair facilities Bishan Boon Lay Marina Tampinesß Tiongßahru Yishun Overseas Movie Clementi/CoViealth 777-0669 Golden/New Town 208-5466
      119 words
    • TRAVEL
      • 1243 30  -  Things are getting less stuffy in the French capital with new restaurants and shops adding a breezy, cosmopolitan air to the city of old lady perfumes and Galeries Lafayette predictability. jaime ee sniffs out the winds of change JAIME EE THERE are those who
        1,243 words
    • EPICURE
      • Article, Illustration
        920 30  -  David Lee has always been drawn to the sea, and he has just taken this love affair a step further by setting up Blue Lobster restaurant at The Riverwalk. Tin so rat checks out the menu TAN SU YEN DAVID Lee seems destined to live off the bounty
        ARTHUR LEE  -  920 words
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  • Page 26 Advertisements
    • 9 26 3*. 'os#u« 1 r |n|Ld] |pl£ v feywjT -J?
      9 words
    • 50 26 Full warranty SH H 1H 5 yean on compressor. Model: CAV 777 Dimension: 88cm (Height) fTWJS«cm(W.dt»i) 61cm (Depth) Capacity: r 70 booies WINE PLUS (S) PTE LTD ♦71 jlan Pemimpin fO3-0S Sin Cheong Building Singapore *****0 Tel: (65) 251 6818 Fax: (65) 251 1687 (Monday-Friday 9 am to 6 pm)
      50 words
  • Page 26 Miscellaneous
    • 274 26 CRYPTIC CROSSWORD ACROSS city (7) 1A simple book (6) 4 P"™* contributor who isn't 4 Not devious with poker serious (8,7) h an d? (3) 5 Get together to make conve--8 Managed to make millions, n ent approximation (5,2) by chance (6) 6 Wry expression from serious 9 Place to
      274 words

  • Page 27 Advertisements
    • 78 27 Cash Carry Sale Wines at Reduced Prices Date :4, 5,11,12,18 and 19 (Sat/Sun) December 1999 Time :10amto 4 pm Venue 47 Jalan Pemimpin (Please turn left as you approach No. 41, see map belmv) #03-05 Sin Cheong Building, Singapore *****0 Tel: 251-6818 Fax: 251-1687 la I'l mml Mr M» iM
      78 words
    • 127 27 A good reclining chair should provide the comfort and relaxation you deserve. 4 That's where we think the Stressless recliner is perfect for you. The relationship between The seat and back automat,city move to prov.de seat backrest and headrest IS SO support according to your own body weight well balanced
      127 words

  • Page 28 Advertisements
    • 814 28 Where to wine, dine and entertain...^(<#&& •Offering the lowest interest rate in town 290 4545 Savour the distinctive mix of and tastes of Singapore. Feast on the exciting spread ot f locai dishes we have for vou such as Nasi Lemak, f Tauhu Goreng, Tandoori Fish etc. Do croect i
      814 words
    • 84 28 KwrioH- CrQSTrQ*IAS 1130*>* 23flp»n The Singapore Marriott Hotel is famous (or its fine International cuisine. Now you can enjoy a leisurely Sunday Brunch with dishes such as Chilled Lobster. Sushi. Shark's Fin Soup and Roost Sirloin of Beef. Priced at )55»«*(with free flowing champagne, wine, beer ond non-alcoholic drinks), children
      84 words

  • Page 29 Miscellaneous
    • 2233 29 TODAY'S TV 1,,, UIII UJI PNBftmia ®.00 Headline News. RECOMMIT I) ED VLEWIIfQ PMTV Innovations 6,03 In Conversation. NOVOP tOO l&t6 and Louise's relationship. 4,00 street. BUtZ: Sesame £00 News Night .Ma tO IOVe Family, BuLess Tonight. Bpm, National Elf 8.30 Corporate Watch. Used People, 10pm, Ch 5 Geographic, SCV
      2,233 words


  • Page 31 Advertisements
    • 92 31 HONG LEONG FINANCE SINGAPORE FINANCE 1 OCTOBER 1999 31 MARCH 2000 A New Millennium, A New Reason To Save With Us! Open or renew your Fixed Deposit and you'll get vouchers and gifts FREE! For every $2.000 deposited for 12 months, you I receive a $10 voucher or a bottle
      92 words



  • EXECUTIVE money
    • Article, Illustration
      1021 34 Wo'ro lit tint tunc ot tin* yi\it .uinin <111(1 wlh*io will youi bonus qo Sl( WI I vS7 N(7 //An s/ /(>/)/ >// //s/ w/ //A' I INC *S( /W/V ()//<vs st v /< 1 ;i/(\s7// ///;s. HOSE who have resisted painting the town red with their bonuses can
      ARTWORK GARETH CHUNG  -  1,021 words
    • 564 34 ALTHOUGH there are no hard-and-fast rules to investing, a safe bet would be to invest only your spare cash. This is because to get better returns from your investment, you must be able to withstand volatility. When you invest money that you cannot afford to lose,
      564 words
    • PERSONAL FINANCE
      • 1200 31  -  Savings alone may not be sufficient. Investing in insurance will help By: Ken Ng The writer is assistant director of actuarial services. Prudential Assurance Company Singapore WHAT will your life be like in the new millennium? Do you expect to enjoy it to the fullest
        1,200 words
      • 775 31  -  YOUR MONEY Despite the sharp recovery In the stock market, half of CPF Investors flailed to beat the interest rate while most hinds did genevieve cua There is now no disputing it. The majority of investors who still scoff at the merits of investing
        775 words
    • UNIT TRUSTS
      • 826 32  -  An alliance with ING could give it the muscle it needs to push into the unit trust big league, oemetieve cua reports GENEVIEVE CUA WHETHER you're a regular investor in unit trusts, or just starting out, you're unlikely to be highly aware of OUB Asset Management's
        826 words
      • 1110 32  -  Technology stocks may be all the rage but investors should be safe than sorry By Randal C Burge The writer is portfolio manager, Frank Russell Company TECHNOLOGY stocks around the world, particularly the Internet companies listed in the US, have made tremendous gains over the
        Source: Jacobs-Levy Asett Management; FILE PHOTO  -  1,110 words
      • 570 32  -  BACK I7TI »kIH F4.-1 By'. Patrick Corfe THE number of unit trusts in Singapore is proliferating fast. This is good news for customers: competition makes for better products, and comparisons are easier to draw. Yet choice can spell confusion too. Fund managers are becoming
        570 words
      • 391 32 UWT TRUST/SECTOR (6 MONTHS 31APW-100EC99) CHANGE BENCHMARK CHANGE To# 10 funds _1_ UOBUnited JapGrth/JapEQ 125.00 Nikkei 225 Stock Ave 31.14 2 Henderson Global Tech/Tech Global* 109.74 MSCI O/Electr&lnst 55.02 3 OCBC Savers India/EQ India 91.64 MSCI India 20 4 DBS Jap Grth/Jap EQ* 78.65 Nikkei 225
        391 words
    • PERSONAL INVESTMENT
      • 910 33  -  The B-word is on everyone's lips as US equity valuations race ahead, hemdebson investigates No; at least not a full blown one HENDERSON INVESTORS fretting over whether a global equities market correction is imminent can probably heave a sigh of relief. Our central scenario is benign.
        FILE PHOTO  -  910 words
      • 931 33  -  INSIDE!. Interest in ASA Ceramic, Delgro, Haw Par; disposals in NOL, OUB, OCBC By Robert Halili The writer is director of Asian Ownership Research at Primark INSIDER and substantial shareholder trading activities are expected to slow down in the weeks ahead as most directors will
        Source: Primark ITA  -  931 words
      • 1095 33 R-rnnic tr. rrrm Eastgate Technology (Singapore) CD-maker Eastgate Technology has seen its stock price fall steadily since its initial public offer in November. But IDEAglobal.com thinks higher profits will see it do better next year. Eastgate offered at 50 cents made its debut in
        1,095 words
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  • SHIPPING TIMES
    • 132 35 Bridge News, Reuters PANAMAX rates fell, especially in the Atlantic sector of the dry cargo freight market, in what were otherwise described as dull trading conditions, brokers said. The Biffex closed 15 to 19 points lower on the two traded positions of December and nearby January respectively. Volume
      Bridge News,; Reuters  -  132 words
    • 249 35 r~ m Km g *f- w VUrr MttritKltion L23 unch S Ctiuan Hup 0.42 0.01 6258 Cosca Invitrrwnt —L13 0.01 104 Fraight Links 0-29 -0.01 212 GSwMngs 0.85 -O.OI 32 Mat Sun Hup 0.80 -0.01 726 MC Hok*ngs-HK —5.60 unch 0 1.13 unch 633 •Jurong Shipyard 7.85 -0.35
      249 words
    • 425 35  -  sm SQ3CE Greek hub is Joseph Tan Jade Benny's first overseas representative office Reports by, Ann Toh [SINGAPORE] A law firm here has become the first from Singapore to set up a branch in the shipping hub city of Piraeus. Joseph Tan
      425 words
    • 226 35 [SINGAPORE! Greek-con- ,f ifinlw fwfilCS «PiPuo heart. Greek owners now control 16.3 per cent of the world deadweight, with 3,424 vessels totalling over 139 million deadweight tons (dwt). The Hellenic merchant fleet represents 50 per cent of the total European
      226 words
    • 143 35 Bloomberg [OSLO] Star Cruises, Asia's largest cruise operator, has taken a 39.3 per cent stake in ttCL Holding, probably blocking Carnival Corp's US$l.7 billion (Ss2.B billion) hostile bid for the NCL. Star Cruises said it bought 46.5 million shares yesterday, just after buying 20.6
      Bloomberg  -  143 words
    • 880 35  -  ADMIRALTY CASEBOOK By Selva Kumar ONCE a court order has been made to include port dues as part of the Sheriff's expenses following the arrest and sale of a vessel, it is not wrong to give the port dues priority
      880 words
    • NORWEGIAN cruise lines
      • 753 36 Asia's largest cruise line buys 39.3% stake in Oslo-based line, possibly thwarting American lines' hostile takeover Bloomberg [SINGAPORE] MALAYSIANowned Star Cruises has emerged as white knight for Norwegian Cruises Lines (NCL) taking a 39.3 per cent stake in the company. The move by Asia's
        Bloomberg; FILE PHOTO  -  753 words
    • 300 36 FAOE ECL 4 ANL 3 ECU Line 6 Accord 6 ESP Urn >3 AhrenWei 14 Evtfgrm 6 AppensNp 5 8 AslaOCL 13 WUnki 14 Austral a CUnk 4 Avant 14 Gemartrans 6 B'tang Mas 8 Genshpg 13 8SA 7 Global 13 stl 14 Glofy H*y 14 BaiajlSlyg
      300 words
    • 20556 43 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 30/12 20/02 NGPL CHANCSMA VtSA 65-*****00 To ABIDJAN (ABJ) 2003 Cote D'lvoire 3i/k M cosco xibohe oowe 6522*1*0 24/12 31/01 Setramar
      20,556 words
    • SHIPS IN PORT
      • 746 49 VmmI Voy No Btrth Arrival Dipirturi ItS«trU II ***** JU 14/12/8.00 16/12/17:00 It »l| m JOI */12/S:»5 14/12/17 00 hi 250« 3112 J10 16/12/100 17/12/8:00 HMdv Or 190(1 67 J23 16/12/8:20 20/12/10:00 S*nM*w< 2 I J02 16/12/8:10 17/12/8:15 Mir** Act 1612/9 J12 16/12/8:25 16/12/23 30 KMU SW3 9901
        746 words
      • 1935 49 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/Monco Rstls Ship Voy No Etb/Btr Porlod From To From ACI OAHUA 01M 8/8:00 II 15/000 15/45* 15/1*00 u IS/ITOO 4/0*5* wtm a a/rno a/o*s* worn 1 4/0700 */HM 4/1400 4 It/1200 4/145* 4/1700 amnom n a/itoo a/aoo o/nm n/noo
        1,935 words
      • 219 49 DM 23 Japan: Emperor s Birthday. DM 20 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. DM 26 Australia: Boxing Day. Canada: Boxing Day. Denmark:
        219 words
      • 785 49 THIS report, compiled by Cockett Marine Otl Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the
        785 words
      • 423 49 Carbon 180 Mai 992.1 2J 18.1 0.11 79 0.09 DK 9 (tensity W«t*f KMMM Ask MumMuai Sullmtnt Ho *>OM E25 7 1 17 1 0 0 380 AM 983.2 0.4 12.3 0.06 30 0.02 bun 380 Mm 990.8 14 15.3 0.12 67 0.04 MAT3 Y/V m/m
        423 words
    • AIR & LAND transport
      • 480 50 Competition hots op with new entrant and Virgin's recently announced plan to start airline next year AFP [SYDNEY] Competition in Australia's domestic aviation market hotted up yesterday with the launch of a new, no-frills airline operating between Sydney, Melbourne and Brisbane. The entry into
        AFP; FILE PHOTO  -  480 words
      • 299 50 Reuters [BRUSSELS] KLM Royal Dutch Airlines and Alitalia have not yet had to give up any airport slots or reduce flight frequencies between Amsterdam and Italy as sought in an EU merger ruling, KLM chairman Leo van Wijk said. The European
        Reuters  -  299 words
      • 413 50 Step towards expanding No 3 global airline alliance Bloomberg [AMSTERDAM] KLM Royal Dutch Airlines NV and Continental Airlines Inc said they will start some joint ticket sales and other services next year as a step towards expanding the No 3 global airline alliance. Shares of
        Bloomberg  -  413 words
      • 222 50 Reuters [AMSTERDAM] KLM/Royal Dutch Airlines said yesterday it is considering whether to take "formal steps" against the European Commission's decision to fine it 40,000 Euros (SS68.000) over its proposed 1998 takeover of Dutch rival Martinair. "In KLM's opinion, the Commission has
        Reuters  -  222 words
      • 121 50 Reuters [SEOUL] South Korea's Asiana Airlines said yesterday it had settled wage talks with ground service workers at an affiliate who held a brief strike early on Wednesday. "Everything was resolved peacefully," said spokesman Lee Kil-mo. Annual bonuses were raised to 750 per cent, or seven
        Reuters  -  121 words
      • 404 50 Move reflects growing pressure US plan* naker iag faced from Airbus Bloomberg [SEATTLE] Boeing Co, facing an escalating challenge from rival Airbus Industrie, is changing how orders are reported and adding 183 jetliners to its tally, narrowing the Airbus lead in this year's
        Bloomberg  -  404 words
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  • Page 35 Advertisements
    • 53 35 Star set to foil Carnival's NCL bid Page 2 Low-fare domestic airline launched in Australia Backpage Post Panamax Cranes 53m Anrn Port f\ Pelabuhan Tanjung Pelepas Sdn. Bhd. (*****9-k) V V ,Jf No 3 j a ian Sri Perkasa 1/3, Taman Tampoi Utama, *****, Johor Bahru, Johor Darul Takzim, Malaysia.
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    • 4 48 MfIESMS Shipping times sdaysaweek
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    • 90 49 jjjj I* TEST WAVE IN LOGISTICS I I*" 1 4*o***""" '•""VHP **-M- 3s*'icv *U-y fX The Shipping Times now features a full page of locjistics news on Thursday every fortnight. Current trends, latest developments with specialist writers providing expert analyses and giving ynu valuable insights into logistics companies that make
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    • 82 50 Modern Fleet of 27 Marine Vessels Purchase cost (1995/6): Over $120 m HK. 7 x Grab Dredgers 8 x Spilt Hopper Bargee 6 x Flat Top Barges 5 x Derrick Bargee 3 x Motor TUgs Available nowLocated in Hong Kong, Singapore A China... For more Information/brochure contact Stephen Speirs on
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