The Business Times, 8 February 2000
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2000-02-08
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The Business Times
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Title Section16 2000-02-08 1 THE BUSINESS TIMES MIT A (P) 035/12/1999 85c SINGAPORE Internet: http://business-times.asial .com.sg/ TUESDAY, FEBRUARY 8, 200016 words
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Article50 2000-02-08 1 STOCK MARKTTT INDICES Mondav Change KLSECOMP dosed NIKKEI 19.945 43 +182.30 HANG SENG dosed SET INDEX ***** +163 JAKARTA COMP ..636.43 +143 MANILA COMP __2,005,58 3.28 TAITO WPI dosed SEOUL COMP .9/3.13 +22.91 CLSA CHINA B dosed Al'ST AM, ORF) 3,130.40 +15.30 I lam EST Change DOW unav50 words
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Article76 2000-02-08 1 FOREX RATES lis* s* IS$ 1694 £(1'S$/SS fxr X) 1602 2.712 El'RO(USS/S$/K) 0 973 1.648 DM 2010 0843 YKN 108.1 1.566* KM 3800 0.446 HKS 7.781 0218 HAHT 37.64 0.045 HiPIAH 7,645 0.022 SSlo 100 units PRIME RATES SIMiAHHtt:* B1ALA IJ MHIi 1M ■i\K\iri\ mm KA.ViKOK Mt hon«; w)w;76 words
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588 2000-02-08 1 Audrey Tan - -II exclusive But all other companies do better, with economy continuing to recover: BT-CBRD survey />'//■ Audrey Tan (SINGAPOREI The performance of small firms took a dive in the last quarter of 1999. even as all other firms in Singapore continual to do better,588 words
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675 2000-02-08 1 Shoeb Kagda - Company will cooperate with any foreign investor who bnys np to 45% of the firm's shares From! Shoeb Kagda in Jakarta ON the eve of a possible showdown between Indonesia's largest automaker. Astra International. and the country's most powerful economic entity, the675 words
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Article, Illustration284 2000-02-08 1 People's Lottery will be rnn as non-profit concern AFP [LONDON] BRITISH billionaire Richard Branson's numbers came up on Sunday when he signed up the world's richest man. Microsoft's Bill Gates, as a partner in his "People's Lottery", his bid to win Britain'sAFP; FILE PHOTOS - 284 words
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Page 1 Advertisements
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Advertisement115 2000-02-08 1 INSIDE BT Comment India needs to open its stock market to foreign retail investors. Pg 4 Top stories k |w- JM Li Ka-shing's Hutchison Whampoa could become largest single shareholder of VodafoneMannesmann merger. Next Page Thai Lam Soon chairman faces new threat. Pg 4 Tony Tan on the three challenges115 words
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Advertisement37 2000-02-08 1 I care about the same issues you do. I understand them. I know I can make m progress on them. That's why, my friends, I want to be your senator. k REPORT. Pg 10 Hi Ml* Ik37 words
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Advertisement20 2000-02-08 1 Stiller competition fop concern of companies this year. Pg 6 I I Gokongwei ■BT COMMENT. Pg 5 Quek Leng Chan20 words
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NEXT page
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Article, Illustration826 2000-02-08 2 VODAFON 3-MANNESMANN MERGER Its stake in Mannesmann has risen in value by 2.5 times in just 3 months with Vodafone's sueeessful takeovei Reuters SCMP [HONGKONG) 1" m ONGKONG tycoon Li Kashing's Hutchi>n Whampoa Ltd could be- come the largest single shareholder of the 180 billionReuters; SCMP; FILE PHOTOS - 826 words
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737 2000-02-08 2 Neil Behrmann - Inflationary pressures could be bigger than previously believed Frrnn Neil Behrmann in Ijmdon WHILE US policymakers and financial markets have been sanguine about the 155 per cent surge in oil prices since the beginning of last year, commodity traders are warn737 words
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532 2000-02-08 2 Analysts say chances are small that it would seek an outright Orauge juy Reuters Bloomberg [TOKYO) .Japan's NTT Docomo, the world's second-biggest mobile phone firm, is looking at investments such as Britain's Orange Pic to -tep mto'the European market nu'r it will likelyReuters; Bloomberg - 532 words
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Page 3 Advertisements
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Advertisement113 2000-02-08 3 Everywhere under the sun. ffll iflffa Seow Boon Ann Corporate Banker life like puts returns on the golfing or his why he has receiving Mobile J^a| It's a whole new life. Life doesn't stand still. And nor do hundreds of thousands of Singaporeans. Because Ml places the power of mobility113 words
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SINGAPORE companies
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722 2000-02-08 4 Harish Mehta - Shareholders wai govt to biock plan double share capi they were stopped from voting against it Front Harish Mehta in Iktnykok SINGAPORE 'MiLiang who controls i am >« ..it land), a Bangkok k-ted t I age group, is facing strong >j n from722 words
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Article, Illustration610 2000-02-08 4 vikram khanna - __E22E321 vikram khanna SJF you look at the appreciation of indi vidua! technology stocks worldwide since 1990. when the "tech stock ma nia" got underway, .on could come up with a long list of superstars you wish you'd bought into or610 words
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COMPANY Briefs
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Article116 2000-02-08 4 THE Singapore Exchange (SGX) has asked Oakwell Engineering (OE) to furnish further details on the bankruptcy proceedings against subsidiary Oakwell (.om pressor Packages (OOP), including when the proceedings were filed. The Exchange also wanted to know whether a performance guarantee of S2 million and116 words
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57 2000-02-08 4 OMNI Industries chairman Koh Boon Hwee has reduced further his holdings in the company by selling a million shares at $3.07 each This compares with its last traded price of $3 16on the Singapore Exchange. Mr Koh is now left with 5.25 million shares57 words
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35 2000-02-08 4 OMNI Mold Ltd lias confirmed to the Singapore Kxchange that it has no employees occupying managerial positions n ho are related to a director or substantial shareholder of the Company.35 words
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Article114 2000-02-08 4 FORMER Form Holdings chairman AngOhoon Beng dins Ang Siong Kiat has reduced his holdings in the company by about one per cent to 10.76 percent. In a notice fothe Singapore Exchange. Form reported that Mr A is? h id disposed of five million shares but did114 words
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Article, Illustration298 2000-02-08 4 Conrad Raj - Valid acceptances amount to 175 m shares or 41.3%, costing $210 m />'/,< Conrad Raj KKPPKL Oil Gas Services (KOGS). a wholly-owned subsidiary of listed Keppel Fels Energy Infrastructure Ltd (KepFels). now owns 77.2R per cent of Singapore Petroleum Company, following298 words
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FOCUS property
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Article, Illustration827 2000-02-08 5 lee han shih - Will the tycoons move in on UIC and HPL i-i comment PROPERTY Gokongwei and Quek Leng Chan have again been buying shares in their targets' lee han shih THK Year of the Golden Dragon. Chinese astrologers say. is good for risky ventures that are supported by powerful people. Tell that827 words
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Page 5 Advertisements
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Advertisement289 2000-02-08 5 Authentic U TEOCHEW E9 Raw Fish. mM A Fresh Approach To MnWlm Tossing Up Luck. MBI The best way to usher in another prosperous New Year is to savour our authentic Teochew-style Yu-Sheng, at Hung Kang Restaurant. Whatever your choice, you can be assured that we only serve the freshest289 words
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SINGAPORE news
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Article, Illustration399 2000-02-08 6 Audrey Tan - Small, local firms in construction, finance, commerce especially worried Ihj, Audrey Tan KEK.XKK competition is the top concern of Singapore firms this year, especially for small and local firms in the < onsti notion, commerce and financial sectors. Compared to a yearSource: - 399 words
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187 2000-02-08 6 BSP names two rubber traders to replace Lewis Peat Reuters (JAKARTA) Indonesia's BakrieSuirtatera Plantations (BSP) has signed contracts with two new rubber trading firms to fill the role of its collapsed Lewis Peat rubber trading operations including one in Singapore, its chief executive said. "We have signed new contracts withReuters - 187 words
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Article, Illustration534 2000-02-08 6 Soli Tiang Keng - It'll be up to 30% of normal bonus; 2/3 of bonus rate cuts to be restored as well Soli Tiang Keng RKSPONDINti to improved economic c*>ll > 111• -n~> and a better investment outlook. social bonu of up to '.o |>er534 words
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610 2000-02-08 6 DPM Tan says new mindset is needed to address these issues DEPUTY Prime Minister Tony Tan yesterday highlighted three challenges facing Singapore in the coming years and said simply issuing government directives to meet them was to "court failure". He listed the triple610 words
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Article, Illustration161 2000-02-08 6 Embracing the future without forgetting the past If we forget these strong (Asian) roots, our people, in particular our children, will not have the self-confidence and moral strength to be able to judge wisely and to do the right things when they face difficult circumstances.'161 words
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TAIWAN telecoms
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Article, Illustration1153 2000-02-08 7 Macabe Keliher - Chunghyva's chairman reveals how he plans to transform the unwieldy state company into a sleek modern outfit that can compete against the best Iff fH/rts hy Macabe Keliher in lai/H i STEVEN (hen. the chairman of Taiwan's largest telecom mun ications company Chunghwa Telecom, is planningFILE PHOTO - 1,153 words
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Article485 2000-02-08 7 Sale will be in two stages, starting as early as April; foreigners to get big chunk STATE-OWNED Chunghwa Telecom may begin a share sell-off as early as April as part of the government's privatisation plan. Chairman Steven Chen has pushed through a privatisation485 words
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Page 7 Advertisements
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Advertisement177 2000-02-08 7 Freehold Residential Sites For Sale PRIME SITE IN MARINE PARADE m Existing development (18 units) Land area 28,049 sq ft r Plot ratio 2.8, up to 20 storeys (Max) °3\ Conveniently close to Parkway Parade and amenities in East Coast Katong area <#- Subject Sate /s sutyecf to Sfrafa T/ftes177 words
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Advertisement16 2000-02-08 7 TODAY LianheZaobao *****57U 7) Credit card's I bad debts j hit record high last year pry..."«16 words
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Advertisement124 2000-02-08 7 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants For124 words
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EDITORIAL & opinion
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Article, Illustration752 2000-02-08 8 paul krugman - pi:i=i I bottom line OPINION paul krugman The writer is a professor ofeconomics at MIT and the author, most recently, of The Return of Depression Economics' NYT THE chief economic adviser of one candidate is the co-author of an exuberant book claiming thatNYT - 752 words
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Article137 2000-02-08 8 I can say that the operation to liberate Grozny is over." Vladimir Putin the acting Hussion president, claim'ng nma jor victory in hechn\a. tak ing < antral of the republic's war torn capital. tirozny. Smallness is goodness." Don Eigjer a researcher for International Business \1 ichint s137 words
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Article613 2000-02-08 8 EDITORIAL JAPAN in which En--o'%« glish is spoken fis the ofM tieial second language, ■I where immigrants are made to feel welcome and where individualism is the defining characteristic of the people is a far ci*y from the present-day reality. Yet even if this is not613 words
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Article, Illustration1089 2000-02-08 8 Prem Shankar Jha - It's nonsensical to think that the share of services in GDP in constant prices could rise faster than the share in current prices Hn Prem Shankar Jha The writer, a New Delhi based journalist and former editor of The Hindustan Times, contributed thisFILE PHOTO - 1,089 words
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Article, Illustration991 2000-02-08 8 Gus Dur's hasty call FOREIGN human rights investigators in East Timor have accused*elements of the Indonesian police and army of having had a direct hand in the violence if not by actually planning and organising the rampage, then by covertly arming and supporting pro Indonesian militias991 words
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REGIONAL news
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442 2000-02-08 9 MANILA Move comes as Philippines is set to open long-protected retail market to foreign investment Bloomberg CASINO Guichard-Perrachon SA. France's No 2 listed food retailer, has agreed to buy con trol of bankrupt Uniwide Holdings Inc. the top discount chain inBloomberg - 442 words
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466 2000-02-08 9 BANGKOK Reuters THAI telecoms firms are expected to improve on their 1999 financial results this year on the back of an economic recovery and the Internet boom, analysts said yesterday. Thai telecoms firms are set to benefit from euphoria over Internet-related businesses asReuters - 466 words
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509 2000-02-08 9 SINGAPORE Interest rates are expected to drop in some countries AFP MOST Asian central banks are expected to maintain loose monetary policies in the short term to fuel economic growth despite interest rate hikes last week in the United States andAFP - 509 words
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Article, Illustration544 2000-02-08 9 US HON There won't be amnesty for other soldiers, militiamen AFP Reuters INDONKSIA President Ab durrahman Wahid s i id he would pardon former niili tary chief General Wiranto if he were proven guilty of rights abuse*, in East Timor as theAFP; Reuters - 544 words
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378 2000-02-08 9 JAKARTA Cash-rich banks don't need to sell bonds and investors wait for big discounts Bloomberg WHAT if you opened a bond market and nobody traded? A week after Indonesia freed banks to sell some of the 282 trillion rupiah (SS62 billion) ofBloomberg - 378 words
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Article, Illustration97 2000-02-08 9 (HA N<. KOk A "roup of Thai students holding banners to protest before the United Nations Con tit. nee on Trade and Development (Unctad) meeting in front of United Nations in Bang f oh* Around 20students charted slogans claiming the police designed to >ntain cn artAFP - 97 words
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206 2000-02-08 9 JAKARTA AFP THE former chairman of Indonesia's Bank Danamon yesterday rejected allegations that it misused the central bank's liquidity support facility and breached legal lending limits. Speaking to reporters after being quizzed by the par liamentary commission on finance and banking, Usman Admajaja saidAFP - 206 words
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NOTE Book
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62 2000-02-08 9 AFP [HONGKONGJ Hongkong tycoon Li Ka-shing is to finance trips abroad for 1.000 students, his foundation said yesterday. Mr Li has donated HK$7 million (SSI.S million) to sponsor a "millennium study tour" for 1.000 local high school students. They will travel this summer toAFP - 62 words
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49 2000-02-08 9 AFP (BANGKOK) Environmental watchdog Greenpeace yesterday said it would set up a South-east Asian headquarters in Bangkok Regional project director Lvn Goldsworthv said it would boost efforts to promote the use of cleaner energy sources in Thailand. Indonesia. Malaysia, the Philippines and Vietnam. AFPAFP - 49 words
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62 2000-02-08 9 Reuters [BANGKOK] The Bank of Thailand yesterday said it has started easing offshore investment controls previously imposed on Thai companies. The central bank said it told Merrill Lynch Phatra Securities on Friday that it could transfer out of Thailand within one year up to US$5O millionReuters - 62 words
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Article, Illustration322 2000-02-08 10 HONGKONG Govt officials, devotees pray for good fortune AFP HONGKONG'S prospects will improve in the Year of Dragon, according to fortune messages picked by government officials at a local temple, which drew tens of thousands yesterday. Many of the devotees to the Temple ofAFP - 322 words
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363 2000-02-08 10 SANTA CLARA AP A FORMER cooking oil company that has soared to the top of India's commerce charts plans to shift the headquarters of its most crucial division halfway around the world to the Silicon Valley. Why? "We've got to beAP - 363 words
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341 2000-02-08 10 NEW DELHI Reuters BRIT S largest lit* insurance and pensions group. Prudential Pic. experts to launch ii- Indian insurance business t>\ the end of calendar ifINH), its chairman. Mar tin .laiomb, said on Sunday. Prudential ha- tied up itii Indian termReuters - 341 words
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Article253 2000-02-08 10 NKW DELHI AFP INDIA'S first Internet wedding will take place on Valentine's Day next week and the bride and groom want web surfers to take part in the traditional nuptial ceremonies. the Pioneer daily said yesterday. The marriage will take place according to Hindu tradition on http:'AFP - 253 words
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Page 10 Advertisements
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Advertisement1541 2000-02-08 10 [NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that I, KOH KAH BENG of Blk 136 Pasir Ris St. 11 *05-225 Singapore *****6, have applied for a Public House Ist Class Liquor Licence in respect of M/s Rain Restaurant Bar located at 861,541 words
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Advertisement545 2000-02-08 10 THE COMPANIES ACT, CHAPTER SO SkKoo 290(2)(b) NOTICE Of RE SOLUTION FLEMING FIDUCIARY (SINGAPORE) PTE LTD (In Mambers' Voluntary Liquidation) At on Extraordinary General Meeting of Flaming Fiduciary (Singapore) Pit lid hatd 1 at 9 Raffles Pioce, #43-02 Republic Plaza, Singapore 04(619 on the 28th day of January 2000 the545 words
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WORLD news
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492 2000-02-08 11 \K\\ YORK It wins a three-month takeover battle with American Home Products to create world's second largest drug firm Bloomberg PFIZKR I no said it will buy Warner-Lambert Co for about US$9l.4 billion (*****.3 billion) in stock and debt toBloomberg - 492 words
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422 2000-02-08 11 Neil Behrmann - Gold surges 10% its largest price gain in 4 months From Neil Behrmann in London Gold surged to US$3l6 an ounce in London yesterday, up $29.50, or 10 per cent, the largest gain in four months, as market players speculated supplies would dwindle after a producer said it would cut422 words
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338 2000-02-08 11 WAS AP panel in Mil merit h »Uh I Mi i linton'i eighth and '.»>! Budget i- heavy with embolism, from its black >nd \\iill»» rovers, standing for the new era of a federal government in the black, to its election-yearAP - 338 words
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250 2000-02-08 11 NEW YORK Reuters THE nev. stocks market is becoming an exclusive mem bers-only club, with trendy technologv companies mov- with invc>tors while less !n>m the sidelines and hope that in time the v. ill h. back in favour over the pa>t iv..» .car- habecomeReuters - 250 words
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WORLD Watch
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Article81 2000-02-08 11 Bloomberg [HERZOGENAURACH, Germany] Adidas-Salomon AG indicated it returned to profit in the fourth-quarter from a year-ago loss, boosted by its winter sports and golfing units. The shares rose as much as 8.6 per cent. Implied net income at Adidas rose to 2 million marksBloomberg - 81 words
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51 2000-02-08 11 AFP [STOCKHOLM] Motorola is to open a Swedish centre for research and development in mobile telephony, the newspaper Svenska Dagbladet reported yesterday. Motorola would establish some 30 researchers here to develop new products and services in the hope of benefiting from Swedish expertise, the reportAFP - 51 words
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75 2000-02-08 11 Reuters (TOKYO] Japan's ruling coalition tiptoed towards a compromise with the opposition yesterday over its parliamentary boycott, basking in local election wins th it look to have strengthened its hand and may hasten a general election. In the first meeting between senior officials from both campsReuters - 75 words
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90 2000-02-08 11 Bloomberg (LONDON) Prudential Pic said it is in talk- to sell part of its institutional fund management business as Britain's largest insurer focuses on so called p< >oled funds as opposed to separate! v managed, ot "segregated" accounts. Prudential Portfolio Managers said the segregavdBloomberg - 90 words
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Article68 2000-02-08 11 Bloomberg MOSCOW J The International Monetary Fund (IMF) said Russia met or exceeded all of its e< onomic goals for last year, though it failed to mak 1 enough progress on "structural reforms' needed to qualify for new loans. The fund did not specify whatBloomberg - 68 words
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347 2000-02-08 11 LONDON Reuters BRITISH Airways posted a third quarter pre-tax loss of £60 million pounds (SSI62 million) yesterday, but said yields were starting to recover, showing the first improvement for nearly two years. The upbeat comments on yields gave sharesReuters - 347 words
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Article, Illustration387 2000-02-08 11 PEOPLE LAT-WP (PURCHASE. New York| Hillary* Rodham Clinton, after only a month as a state resident, on Sunday formallv launched her bid for the l"S Senate, saying though she's "new to the neighbourhood. I'm not new to your concerns". Flanked by her husband.LAT-WP; REUTERS - 387 words
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211 2000-02-08 11 SAN FRANCISCO Bloomberg INTERNATIONAL Business Machines Corp. the world's biggest computer company, said it has devel oped a computer chip that runs up to five times faster than today's top chips, consuming half the power. IBM said it will demonstrate the chipBloomberg - 211 words
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Article444 2000-02-08 12 TOKYO Bat company quashes reports it plans to take a minority share in CBS AFXAsia AFP SONY Corp shares surged yesterday on the company's plan to take a minority stake in a key US television network, possibly CBS. although the company did notAFX- Asia; AFP - 444 words
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Article, Illustration71 2000-02-08 12 [LOS ANGELES] Actress Jane Krakowski, star of the television comedy series Ally Mcßeal, doing a song and dance performance I Want My Bill Gates as a series of enlarged photographs of Microsoft Corporation co-founder Bill Gates were flashed on screen during a taping ofREUTERS - 71 words
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592 2000-02-08 12 Anthony Rowley - Nikkei surges 1%; market seen riding out economic setback From Anthony Rowley in Tokyo TOKYO stock prices yesterday shrugged off official warnings that Japan's economy may have slipped back into recession during the latter half of 1999, prompting analysts to suggest that the market592 words
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477 2000-02-08 12 LONDON Study says Web site quality, ease of transaction remain low with Enropes's e-tailers Reuters FEW of Europe's big name retailers will succeed in the still largely money-losing world of Internet commerce, but already some companies are closer to sniffing out profitsReuters - 477 words
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273 2000-02-08 12 SYDNEY Reuters RUPERT Murdoch's News Corp Ltd will have some momentary bad news for investors this week with a second quarter profit result that is expected to show another weak performance from the film division. Unable to do much wrong this year,Reuters - 273 words
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Article, Illustration448 2000-02-08 12 Reuters [LONDON] Bank of Scotland chief executive Peter Burt hopes to meet his National Westminster Bank (Nat West) counterpart David Rowland to seek his backing for Bank of Scotland's takeover bid for Nat West, The Times reported yesterday. Nat West is battling hostileReuters - 448 words
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Page 12 Advertisements
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Advertisement369 2000-02-08 12 NOTICES To advertise call toll-tree 1800 741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that I, TAN NGUANG TIAU of Blk 640, Rowell Road *04-70 Singapore *****0, have applied for a Beer House. First Class Licence in respect of M/s Chenlin Eating House located at 787 Upper Serangoon369 words
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Advertisement12 2000-02-08 12 nmmimr yjgsr simply fax: 741 1298 or Call toll-free: 1800 741 188312 words
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FINANCE & commodities
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532 2000-02-08 13 The deal with Japanese firms will hit other Australian producers, say analysts Reuters [SYDNKYI Australia's BIIP Co yesterday ac cepted n 5 per cent price cut in coking coal sales to .Japan, confronting many producers with mother vear of weak profits, sackingsReuters - 532 words
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259 2000-02-08 13 ENERGY REPORT Reuters [LONDON] Oil prices slipped yesterday following signals that key producers have not ruled out raising production when output curbs expire at the end of March. Benchmark Brent crude was 31 cents lower at 1T5526.76l T S$26.76 a barrel,Reuters - 259 words
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Article291 2000-02-08 13 AFX-Asia London n< M« wnmrniif growth Sunday rh.it 1<»1* i- afconsumption me in fourth quar"a rather larg< negative fij: lire", while the EPA tlso pr» rlifttnl that the first quarter will si.*e sharp falls .n capita! expenditure nesboe. current s" analvst at AIIN Amru. sentiment was i siAFX-Asia - 291 words
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Article, Illustration848 2000-02-08 13 XNTERBAFKCROSS RATES ~fc Ftr Q-n HK$ ird »S «.pnh Yen fton ftM M/$ j> a)( R s Pes0 S S Ea-d Str *T$ B»Ht Pound US$ f- 49 i° ***** 47 612 0.66! 7W2 2.403 1280 32.783 25.638 .068 3.946 027 19 459 23 727 0*95 0632 0 V 36-848 words
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Article1931 2000-02-08 13 SICOM FUTURES RUBBER (futures closing at 5.30pm) RSS J cents/kg) Close Volume Open High Low Sett (tonnes) Interest Mar 00 122.75 1200 Apr 00 126.75 300 May 00 129.25 300 Jun 00 131.75 300 RSS 3 CONTRACT (US cents/kg) Volume Open Jllgh Low Sett (tonnes) Interest Mar 00 R00 73.501,931 words
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STOCKS region
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Article, Illustration882 2000-02-08 14 Reuters £3 SETIndex +L63 THAI Thai stocks ended flat yesterday with some foreign buying in communications and entertainment shares keeping the index in positive territory, dealers said. The benchmark SET Com posite Index closed up 1.63 points, or 0.35 per cent, at 471.97 on thin turnover of 3.07 billionReuters - 882 words
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Article296 2000-02-08 14 AFP Q Composite Index -338 PHILIPPINE shares closed marginally lower yesterday in lacklustre trade. The PSE Composite Index inched down 3.28 points, or 0.2 per cent, to close at 2,005.58, as traders took little notice of government figures showing inflation at a 13-year low in January. AFP Ft* 7AFP - 296 words
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Article, Illustration755 2000-02-08 14 AFP PI Composite Index +L43 INDONESIAN share prices closed almost unchanged yesterday as a number of Asian markets remained shut for the Chinese New Year, deal ers said. They said activity was fo cused on car assembler Astra International ahead of today's extraordinary general meeting. The Astra meeting isAFP - 755 words
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Article286 2000-02-08 14 AFP NZSE-40 +L09 NEW Zealand's sharemarket failed to n»'t out of first gear yesterday, closing flat in a featureless session. The NZSE-40 Index closed up 1.09, or 0.1 per cent, at 2,040.21 on light turnover of NZ$57 million. Telecom Corp slipped one cent to NZ$8.38. —AFP *•1 Ml (000)AFP - 286 words
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Article313 2000-02-08 14 AFP Q Composite Index +2241 SOUTH Korean shares rose 2.4 per cent yesterday on the back of declining money market rates, dealers said. The Composite Index closed up 22.91 points at 973.13. AFP F»T *o r *n«ms»ni .9930 230 •ran T#cit HOO 10 c*ntr«( B«n« 3330 25 Ch#*i ComnAFP - 313 words
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Article653 2000-02-08 14 AFP f \f All Ordinaries +15.3 AUSTRALIAN stocks closed 0.5 per cent higher yesterday following strong gains in gold and base metal prices, dealers said. The All Ordinaries Index closed up 15.3 points at 3,130.4. The All Industrials In dex rose 10.6 points to 5,452.5, while the All ResourcesAFP - 653 words
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Article1852 2000-02-08 14 TOKYO AFP 11 Nikkei 225 +***** SHARE prices in Tokyo rose 0.9 per cent yesterday to their highest close since mid-1997, led by gains in high-technolo-gy issues on the back of another Nasdaq record finish, brokers said. The Nikkei-225 Index on the Tokyo Stock Exchange roseAFP - 1,852 words
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Page 14 Advertisements
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Advertisement20 2000-02-08 14 ExECunvß^fe The most delicious Ideas served in... ll* 11 I V i W- i 9 J& Tne >vew paper rastaas.20 words
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EXEC lifestyle
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Article, Illustration1153 2000-02-08 15 RICK LYMAN - i his yeai pi < >\es to be <111 uncertain 0110 for both filmmakers and bookmakers as there are no dear (Kscar shoo ins rzcklybcan looks at the odds RICK LYMAN NYT T is one measure of the •I* di;y uncertainty of this |p9J| VNYT - 1,153 words
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Article376 2000-02-08 15 NYT (HOLLYWOOD) Most Oscar-bait films are released in the last thr»»e monthsofthe year and are accompanied by publicist stirred bus./, about them a> potential winners. In December the critics groups release their choices for the year's best films and performances, which are trum peted in advertisementsNYT - 376 words
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Article, Illustration503 2000-02-08 16 Prada's boss spent USsssm for America's Cup glory, but he says it wasn't cash that won the day AFP [AUCKLAND] ITALIAN fashion boss and yachting patron Patrizio Bertelli went public yesterday to reveal he had spent US$55 million (S$ 92.9 million) of his own money chasing yachting's America'sAFP; AFP/REUTERS - 503 words
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Page 15 Miscellaneous
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Miscellaneous610 2000-02-08 15 I Central 6 -30 The Pyramid Game. 9.00 Kn i 9.00 AM Kids Central K*»rly Edition 11: Hom«>. 10.00 Mows On 8 2.00 To 6 00am Real-time rf' > 930 Men In Rlark- Farpwoll 8.30 Spin r.p I. 12.1 j AM Only 'heß*'St r Svndrnm? ».00 Movie Stars: Like Fa610 words
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Miscellaneous326 2000-02-08 15 CRYPTIC CROSSWORD m Hb tad ~+x* T- mm ACROSS David s son (7) 1 Looking to make a comment (11) Threatening one minute unde--7 Adam s transgression in Autumn cided next (9) (3 4) 6 Should I meet HM if compara--8 Repairing panties is wise (7) tivelv poor? (7) 10326 words
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Page 16 Advertisements
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Advertisement497 2000-02-08 16 Where to wine, dine and entertain.. .Ti»>feg£r ■Offering the lowest interest rate in town ***** Yusheng Promotion per order (24 Jan 19 Feb) Harmony Lobster at $98 Fortune Abalone at $78 Prosperity Salmon at $38 (small) or $58 (large) 'Pntn tabjta m una chmff if ft uai lmJn% GST aa497 words
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Advertisement28 2000-02-08 16 LataKrfai Jop 10 TO 20 FEBRUARY 2000 QJ RESERVATIONS 831-6258/88 Mantiann yy Singapmr 331 Orchard Ruad Singapore 2 ***** I j T;«»«a TH 717 4411 Fa*: 732 236128 words
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Advertisement146 2000-02-08 17 J I- 1 1 I H I I \X/'i£ v l4v- ;<W 1 f' N b. v wC**' I I I I I I ■■> i W/ol* B I I I I j.'(P*-' '''•i~I v v '.W,% > v '*"T3f? T J'lT- rf-":.- C. -iril< 5-* v V- T &s£■'146 words
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Page 18 Advertisements
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Advertisement90 2000-02-08 18 I fjr... I f v l*£ I I I I I I I I I I I K I B I B v■BIV JB a B I V If y ,s t*-:i" 5 "f\ r- c 74, .-V '>* Xg&&^ I ■mM B A B MM m I A B90 words
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SHIPPING TIMES
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Article293 2000-02-08 19 Bridge News Reuters HOLIDAYS in the Far East reduced FY id ay's activity in the capesize market, although brokers acting on behalf of owners reported fresh inquiry for panamaxes from China and the north Pacific. The US Gulf grain trades saw a lack of prompt stems, possibly dueBridge News; Reuters - 293 words
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Article314 2000-02-08 19 sex *000 f*r s$ tm CWT Distribution 1.18 uoch 0 Chuan Hup .0.43 0.04 0 Cosco Investment 1.05 uoch 0 Freight Links 0-27 unch 0 08 Holdings 0.83 -0.01 0 Hal Sun Hup 0.78 uoch 0 IMC HoWlngs-HK —5.60 unch 0 Jaya Holdings 1.21 0.03 0 Juronq Shipyard—«N/A314 words
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Article, Illustration566 2000-02-08 19 Ann Toh - Carrier hopes to eventually do away with physical transfer of documents nn Ann Toh [SINGAPORE] P&O Nedlloyd will embark on an IT-focused drive this year to boost its systems to promote e-com-merce with customers, and eventually do away with the physical transfer of566 words
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401 2000-02-08 19 Class-action suits demand return of tens, if not hundreds, of millions of dollars Bloomberg (MIAMI] Carnival Corps Carnival and Costa cruise lines and NCL Holding ASA's Norwegian Cruise Line face class action lawsuits demanding the return of "tens, if not hundreds, of millions ofBloomberg - 401 words
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104 2000-02-08 19 (LONDON] In a move (hat may indicate slower growth in the UK cruise market. Direct Holidays, an Airtours subsidiary, has pulled out of cruising, at least for 2000. Customers who have booked Mediterranean cruises on board Royal Olympic Cruises' 1961 built Appollon 1104 words
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137 2000-02-08 19 Reuters [ROTTERDAM) Container shipping group P&O Nedlloyd said it had ordered general purpose and reefer con tainers worth a total of US$B4 million (*****.8 million). The new containers will replace older equipment and expiring leases, the 50-50 joint venture of Dutch Koninklijke Nedlloyd Groep andReuters - 137 words
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SHIPPING news
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296 2000-02-08 20 THE United Kingdom's Maritime and Coastguard Agency (MCA) has banned the use of Italian-made Artica lifejackets. This follows similar action taken by the Norwegian Maritime Directorate in the wake of the Sleipner fast-ferry accident, in which 19 people died last November. The jackets, made296 words
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Article, Illustration551 2000-02-08 20 David Hughes - US court finds that data, obtained on the Internet, is inherently untrustworthy as evidence Reports by] David Hughes in London THE presiding judge, hearing a personalinjury case brought by a seaman against the alleged owners of the vessel he was working on, has describedREUTERS - 551 words
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Article181 2000-02-08 20 PACE Djak Lloyd 8 ACL 6 Dongrvama 3 ANl 3 ECl 4 Accord 8 ECUUnt 6 Appenship 5 6 Austral 8 Fooo,,Sw 8 Balaji Shpg 5 6 L jy Gemartrans 6 2 I CCNI 7 C ttk Hansameyer 5 cosco HeungA 4 CSAV 3 7 1 Interasta181 words
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Article18946 2000-02-08 27 THEBUSINESSTIMES EXPORT E'A E'A Adtertis?.- v»ssei Voyaut T»i»pEon« 'TA 4 Ad.- us* jhic V;vaq» TUffftcw SIN Dwt'n Na.-n* Nam* Hvmbf Nutratr S;N n Nam* NumCf Mu"Of 22/02 CJ/Sj an. AH. EMERALD 2CS To ABIDJAN (ABJ) 2003 Cote D'I voire 22/02 id» o»a aplfv «a i. ;:<+ ***** 6/0218,946 words
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SHIPS IN PORT
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Article327 2000-02-08 31 Vessel Voy No Berth Arrival Departure J—I Pwl C Proqrws 07 frt J09 07/02/8:*) 07/02/1500 Kimtransl807 57/99* J16 07/02/9:55 07/02/23:59 C Success 06 FM J09 08/02/9 00 08/02/16 00 Profit 166 FrtOI J06 08/02/9«) 06/02/23:00 If M**Ud 071 J17 06/02/9:00 10/02/10:00 Eastern H«ro 60 J05 08/02/1100 09/02/2300 Km327 words
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Article1993 2000-02-08 31 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boohing/Balance Rstls Stiip Voy No Etb/Btr Period From To From ACI HIBISCUS 035B 9/23 00 U 07/1500 07/1159 07/1900 07/1500 07/1659 07/1*00 2* 07/1700 08/0459 01/0900 28 07/1700 01/0659 01/0900 ACI SVAM <03* 9/n 00 U 07/1500 07/1459 07/1900 07/15001,993 words
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Article197 2000-02-08 31 Feb 19 Thailand: Makha Bucha Day. Mar 16 Indonesia: Hari Raya Malaysia: Hari Raya Haji. Singapore: Hari Raya Haji. Mar 18 Taiwan: Market Holiday for Pres idential Election. Apr 4 Hongkong:Ching Ming Festival. Apr 20 New Zealand: Market Holiday. Stock Exchange Closes at Noon. Denmark: Maundy Thursday. Apr197 words
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Article793 2000-02-08 31 THIS report, compiled by Cockett Ma rine Oil 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 average sized stem. Market movements are indicated. The Cockett Bunker Price Index change793 words
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Article553 2000-02-08 31 Carbon 180 Max 990.8 0.8 19.0 0.08 78 0.05 Ft* 3 Density Water Residue Ask Aluminium Sediment No above E25 0 0 21 0 0 0 380 Ave 987.5 0.3 14.6 0.06 33 0.02 Elian 380 Mai 992.0 1.7 18.2 0.09 72 0.06 v/» m/h m/m553 words
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AIR & LAND transport
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345 2000-02-08 32 But year to March results also depend a lot on aviation fuel prices AFP [MANILA] Philippine Airlines (PAL) said yesterday its profits for the year to March should be "better than expected" after it beat its monthly target for December. Net profit for DecemberAFP - 345 words
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Article, Illustration98 2000-02-08 32 IBRUEHL] A European overnight train hurtled off the tracks and smashed through a garage and into a house at Bruehl station, near Cologne, western Germany, early on Sunday, killing at least six people aboard and injuring more than 100. including about 20 seriously, authorities said.REUTERS - 98 words
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Article, Illustration602 2000-02-08 32 ALASKA AIRLINES CRASH AP [LOS ANGELES] As recovery efforts continued on Sunday at the site of the Alaska Airlines crash off the Ventura coast, federal investigators retrieved the flight data recorder from another Alaska jet that was forced to return to Reno, Nevada,AP - 602 words
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162 2000-02-08 32 Reuters (CHICAGO] United Airlines said that load factor, a measure of paying passengers in the seats, fell to 64.6 per cent in January from 67.2 per cent a year earlier, as the world's largest airline saw traffic hurt by year 2000 computer concernsReuters - 162 words
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235 2000-02-08 32 Reuters [WASHINGTON] The United States said it has reached agreement with Namibia, in south-west Africa, on an "open skies" pact that will allow unrestricted air service between the two countries. US officials said that Namibia, a sparsely-settled country of two million people, hasReuters - 235 words
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Article1854 2000-02-08 32 CITY FLIGHT ETA FLIGHT ETO 0f6 1840 LH779 2359 Adelaide BA7381 1930 BA7382 2050 W4579 2359 0F81 1930 0F82 2050 S***** 2359 AN8229 2230 Fukuoka S0989 1540 S0990 0125 "30 Guangzhou S0803 1910 C2354 0910 ***** 2230 CZ351 2045 S0804 1015 Amsterdam KL0843 0525 GA974 01201,854 words
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Page 19 Advertisements
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Advertisement349 2000-02-08 19 People Hutchison Ports (UK) has appointed John Williams as commercial director of its UK port operations. Mr Williams, who has 22 years of experience in the international logistics industry, will be responsible for the commercial development of the Port of Felixstowe, Thamesport and Harwich International Port. London-based CP Ships has349 words
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Advertisement179 2000-02-08 19 (IS Coast Guard website unreliable: judge, Pg2 ML forecasts better than expected profits, Back Page A SPECIAL FEATURE SHIPPING TIMES 29 FEBRUARY 2000 KEEP YOUR BUSINESS FLYING HIGH If you are in the air freight logistics and related businesses, 29 February 2000 could bring unprecedented opportunities. That's because Shipping Times179 words
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Page 20 Advertisements
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Advertisement750 2000-02-08 20 I IMPORT a I 9ULF/IMHAM SMB-COWTWHIff I (SUPER SHUTTLE EXPRESS (SSX) lOULF KARACHI EXPRESS (GKX) WW. I VOT [ZZia S* PKUNG ~VKSa VOY MM UN I KWT I JCA I ONO I CM! IpUANG RT OOQ IRfTAJN 30W502 H/01 06/02 01/07 00a AMERICA 40W503 14/01 13/0? 15/02 PtO IMUOTD ORINOCO750 words
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Advertisement758 2000-02-08 20 nes services represented by Members of the Registry of jW/ Accredited Shipping Agepts, S pore Notionol Shipping Assoc LILY UNE MALE I VESSEL VOY ETA Ttu ETA P. KLANC SPORE MALE Empress Uly VO2OO 16/02 17/02 26/02 Princess Lily VO2OO 03/03 04/03 13/03 Empress Lily VO3OO 19/03 20/03 29/03 ULY758 words
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Advertisement6 2000-02-08 20 Members of the Singapore Logistics Association6 words
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Page 21 Advertisements
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Advertisement1149 2000-02-08 21 SAX SERVICE (DIRECT) VESSa VQY SMEIA LAX OAK DM HOU Qt CO! MB* <11 NYC tfiawwn 017! 26/01 10/0? 15/02 15/02 15/02 15/0? 15/02 IS/02 16/0? AWSHHB 0171 02/02 17/02 22/02 22/02 22/02 22/02 22/02 22/02 23/02 23/02 WITMQUO6I 017E 09/02 24/02 29/02 29/02 29/02 29/02 29/02 29/02 30/02 30/021,149 words
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Advertisement2001 2000-02-08 21 ®Cm«H S*rviu Milfci: HANJIN SHIPPING iik l=-1 iMsMr*lM -MB *****30 SHIPPING (S) PTEtTP Wqw tow IOOtING *****35 737 SAIfS *****74 731 OOCUMIHT *****/1 774 OfHATKHS *****50 7SI mm UHf *****5S MX irmVQ C» WO *****T30Q00** TO NW USA CANADA USA fAMADA* **/*<* ju*l «H UNI HAIH/VOT SU HW IH* I2,001 words
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Advertisement79 2000-02-08 21 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220 8558 WORLDGATE EXPRESS UNES PTE LTD Tel: *****11 Fax: *****73/*****63 Email: wgate® mbox2.singnet.com.sg Calcutta jFChlttagong iport lows 120/02 Karachi..r COLOMBO 15/02 Eft u KARACHI/LAHORE 13/02 Bombay h <f Madras BOMBAY 11/02 I i I MADRAS/BANGALORE79 words
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Advertisement1720 2000-02-08 22 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEAN/CANADA ttSStl WW SIM lEH RTM IMB HMI BBV FLI ttSSil VOY SIN GIT SPt FOS AC MTH HANJM DALIAN OC2BW 04 02 26 02 27 02 24 02 25 02 27 02 lON SINA 0936# 05 02 22 02 24 02 2« 02 201,720 words
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Advertisement1109 2000-02-08 22 m. AM MAC-IIELS S'PflftE M'glfl Carrier: MN CONTR LINES, INC p gudang: (07) *****26 MVy VzJ **********0 C SIBU: (084) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 p KELANG (03) *****77 JKT: (21) *****45 KUCHING (082) *****1-3 BARCELONA EX 'EVER GROUP' V. 0733 ETA1,109 words
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Advertisement683 2000-02-08 22 EXPRESS CONTAINER FEEDER FOR N.SHEVA/ COLOMBO S PORE N SHEVA COLOMBO PICLAUG TULSIDAS V 1?0 14 FEB 23 FEB 21 FEB M MAR CAPE CREUS V 102W 21 FEB #1 MAR K MAR 11 MAR CAPE CANAVERAL VII9W 28 FEB M MAR 12 MAR It MAR TULSIDAS Vl2l 08 MAR683 words
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Advertisement1848 2000-02-08 23 I VESSEL VOY KHH HKG SIN PKC DXB DMM BA BIK IRAN HESABI PCL-140 02/02 04/02 08/02 09/02 19/02 20/02 22/02 24/02 IRAN SHAHRYAR PCL-141 09/02 11/02 15/02 16/02 26/02 27/02 29/02 02/03 IRAN BAABAEI PCL-142 16/02 18/02 22/02 23/02 04/03 05/03 07/03 09/03 IRAN SEESTAN PCL-143 23/02 25/02 29/021,848 words
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Advertisement1003 2000-02-08 23 W.E.F. FEB 2000 ACCEPTING CGO TO DAKAR, LAGOS, TIMA t ABIDJAN VIA GENOA I ggM«<*«?■ SMWOHj: MMMWMID TEU J26 1900 MX: *****0J OUTWIIIO (l/l) JOHOftEOfFKE- I SHIPPIM® PTE LTD #12-00 SALES/BKGS *****57/43 INWARD DEPT (D/ 0) *****85 COSTiP ACFUriIC <aai cikil biik VSI/VOT SGP HKG SHA QIN UN VSI/VOT QHI1,003 words
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Advertisement960 2000-02-08 23 EXPORT IMPORT 24%; 27/02; 28/02: 29/02'01/D3 HJOSIO 007E 20/01 22/01 13^02 TRANSPACIFIC SERVICE EXPORT -KMMCBIOMmMBOZ/O] COMB Ml T/S (Mill MM OIO* Eft MB 02/03 IMPORT Vtssa VOT SW LGt OAX ACCHIBCAOSOISTOt I) SAN FUN- VKStI ~VOT ifii OA* HJ OSIO 0071 *13/02 ;02/03 04/03 HJPOKILAIB 034W 14/01 —t ~/ai 1960 words
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Advertisement1396 2000-02-08 24 EUROPE/UK/SCAMDINAVIA/FINLAND/RUSSIA SGP RDM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PHI SGP E. DEVOTE RW-010 12/02 02/03 08/03 06/03 06/03 07/03 M/ 03 E RIGHT RE-042 20,01 22/01 21/01 25/01 IXO2 14/02 E DEVELOP RW-010 1902 09/03 15/03 11/03 13/03 14/03 154)3 E REWARD RE 037 27/011,396 words
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Advertisement977 2000-02-08 24 ADVANCE CONTAINER LINES (PTE) LTD I— TEL: *****21, FAX *****19. TELEX RS ***** ACLPL FOR BOOKINGS PLEAS! CALL: *****22 SALES A MARKETING *****2128 OPERATIONS *****6Q/ *****05 CR NO **********0E »AWOKOK I H.IIWM/Wrt JAKAiTA-inmnnwmi VESSa I VOY UN KK VESSEL VOY SJN jjcT KOTA RATNAIPAJ/LCH) RNAI93 8/2 fae 11/2 Fn UAQHE977 words
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Advertisement421 2000-02-08 24 M TEL OK BLAMGAH ROAD #02-02 CmPORT CENTRE SPORE *****3 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W VESSEL VOY ET* ETD OESTMOTON NMUKWA ®>2000 0M***** 1M***** PH. NMUKMK ObaOD *****0 DC 1&C200C PKL BMJMMUNTIK MMUnm 07 2000 2ME-2SOB *****000 PKL MLN* For enquiries and bookings421 words
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Page 25 Advertisements
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Advertisement400 2000-02-08 25 Mfe MYANMA pBHk FIVE STAR LINE Va (Myonmar National Line) Looding for Yongon (Rangoon) vessel vor sin na km pgu SITTWE 91W 04/02 HPA-AN 267W 04/02 MALAYSIA AGENTS: lOUSTUO SHIPPING AGENCIES KUL HI (03)*****00 PKL Til (03) *****01 rtlfc TO (04)*****02 PGU: TEL (07) *****21/4 BANK LINE (A service ef400 words
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Advertisement1172 2000-02-08 25 HYUNDAI MERCHANT MARINE CO., LTD. IVESSa VOY SIN SOU IfH RTM ANT NAM WV FEL |VESSa VOYISOUI Iffl I tT» 1 iMt ImMl I m l«i HYIARON 324W 10/02 28/02 04/03 01/03 02/03 NOIRIS 01X21/0122/0116/01 H7<jT~ 09/02 NCIIOUTE 018W 11/02 03/03 04/03 27/02 29/02 FUE SS7E 17/01 22/01 19/01 20/011,172 words
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Advertisement1176 2000-02-08 25 v&v WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT SERVICE" |VESSfI VOY RAMP HEIGHT I SIN ILK I MAO MIA SAV UI ORF NYC HEW MOB UMOU AHOO4 400 Tons 6.3 M 11/02 10/03 19/03 22/03 24/03 26/03 27/03 29/03 02/04 04/04 TAMPA AHOOS 400 Tons 6.3 M1,176 words
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Page 26 Advertisements
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Advertisement1534 2000-02-08 26 PBiB INDONESIA NATIONAL LINE TO AUSTRALIA 1 FULL CONTAINER SERVICE v» VOY M, SW HI 1 STP Ma m «t Htt KASUGAI 275 07/07 01/07 14/07 16/01 l»/07 PIO ME) HrStAM 2«~ 01/07 11/07 70/07 77/07 viivorr lis" is/pa 71/07 77/07 71/07 03/03 VttMßUm) 70. 77/07 03/03 05/03 07/03 10/031,534 words
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Advertisement7 2000-02-08 27 JBfp Port of Tanjung Pelepas >%str mk7 words
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Advertisement49 2000-02-08 29 FAR EAST EUROPE "®EX\ KYOVVA LINE I Direct Breakbulk/Container/LCL Service to Manila/Guam/Saipan Agents: V-Grow Shipping Pte Ltd See Page 7 Daily FULL CONTAINER EXPRESS SERVICE Wallenius I Turn TO Pg 5 Wilhelmsen New Europe To [g MIDDLE EAST/ S.E. ASIA service China Shipping (S) Agencies Pte Ltd 7 (Barwil)49 words
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Advertisement111 2000-02-08 31 Ip: Ja-. Feeling out of your depth; when it comes to aquarium care? Keep afloat with Aquariums, every Saturday in o The Straits Times Classified. cat.s.l The advent of Information Technology and intermodal logistics solutions have dramatically changed the global logistics industry. In addition, Singapore is fast becoming the logistics111 words
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Advertisement24 2000-02-08 32 1 1 Shipping Times Wishes all its Readers Advertisers "GONG XI FA CAI" -L J. w..*, T &*M sli* 4 T I to I24 words
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