The Business Times, 9 May 2000

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Microfilm: NL21804
Total Pages: 42
1 42 The Business Times
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  • Title Section
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    13 1 THE BUSINESS TIMES MITA (P) 035/12/490^ 85c SINGAPORE j^lntenTetMnttp^/Zbusiness-time^^si^^^o^^sg/ TUESDAY, MAY 9, 2000
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  • Article
    Lock icon MARKET SUMMARY
    70 1 sn *****8 (-38.98) BT-SRI 773J24 (-15.99) SMSCI FUTURES 277.00 (-5.00) STOCK MAKKET INDICES Monday Change KLSE COMP 929.46 +4.01 NIKKEI 18,199.96 -239.40 HANG SENG 14,901.00 -367.64 SET INDEX 366.17 -13.80 JAKARTA COMP -550.329 +4.72 MANILA COMP 3359 TAIPEI WPI 8.616.18 40.95 SEOUL COMP ***** +1R96 CLSA CHINA B
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  • Article
    Lock icon FINANCE
    81 1 FOREX SATES us$ s$ US$ 1.724 £(1JSS/S$ per 1529 2635 ElRO(USS/S$/E) 0.900 1.551 DM 2.176 0.793 YEN inw.8 1586 RM 3.800 0.454 HKS 7.790 0.221 RAHT 38.48 0045 RUPIAH 8,028 0.021 MiO U.UZI 'St 10 100 units PRIME SATES SINGAPORE* 5.80 KUALA LUMPUR 7 67 JAKARTA J9.00 BANGKOK .9.5#
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  • Article, Illustration
    Lock icon Hop aboard – SMRT gets listing approval
    428 1  - Hop aboard SMRT gets listing approval pnexclusive It could be world's first metro to go public unless HE's MTR gets to the bourse first By Christopher Tan [SINGAPORE] Rail operator Singapore MRT (SMRT) has secured in-principle approval from the authorities for a public listing, newly-appoint-ed chairman Chew Choon Seng told
    Abdul Aziz Hussin/ST  -  428 words
  • Article
    Lock icon Time Engineering throws out Sapura proposal
    636 1  -  Board of directors still appears keen on tie-np with Sing Tel From Eddie Toh in Kuala Lumpur THE board of directors of Time Engineering Bhd has rejected the last-minute proposal by Sapura Holdings to wrest a substantial stake in Time dot Com, which owns
    636 words
  • Article, Illustration
    Lock icon NTUC Income scores big with Parkway Lab shares
    378 1  -  It 'flips' 9m shares for an 87% gain in jnstafewdays By Andrea Tan (SINGAPORE] NTUC Income raised pulse rates in the stock market yesterday when it was learnt that the insurance cooperative had "flipped" several million Parkway Laboratory Services shares for a
    Source: Bloomberg  -  378 words
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      99 1 DCSTOE Top stories Proposal to waive landing charges at Sepang airport. Next Page Keppel Corp launches e-business unit. Pg4 Creative to boost factory space in Malaysia by 1 m sq ft. Pg 7 Five companies get temporary licences for digital TV trials. Pg 8 PSA spins off dotcom to move
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      94 1 A new kind of Well-known Singapore doctor WMm Judy Lim, now chief executive of newly-formed Peridot Health, talks ajs-jt medicine and information technology l •ft J i f i ii?. V-V^jSeaaißw: '-is \'f- lllS You never PATEK PHILIPPE GENEVE actually own a Patek Philippe. You merely look after for the
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Pay slips no more
        126 2 SINGAPORE'S 65,000 civil servants have all said goodbye to pay slips. And this goes for teachers, who were the last to be included in the scheme which began a year ago. All of them are now getting their pay-related information through PaC(« Gov. Developed by the
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      • Article
        Lock icon The fine, flash-by-you print
        236 2 j —j j f UOB Asset Management has a new commercial on television for its United Global Internet Fund. The message goes along the lines that if you want to invest in the world's fastest-growing segment (the Internet), it helps if you can rely on someone
        236 words
      • Article
        Lock icon Pay to understand
        74 2 DBS Bank's move to impose charges and fees, despite the outcry, is actually educating some people on the basics of banking. A little bird told Grapevine that one DBS customer and she is no illiterate person did not even know she had a current account even though
        74 words
      • Article
        Lock icon Walking to a world record
        80 2 THE New Paper Big Walk is set to go into the Guinness Book of Records as the largest walking event in the world. To be held on Sunday, May 21, this annual charity event, now into its 10th year, attracted 76,000 walkers last year. Corporates
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    • Article, Illustration
      Lock icon KL airport may cut landing fees
      661 2  -  Move aimed at turning airport into lucrative regional aviation hub /tyi Donald Urquhart [SINGAPORE] Malaysia's gleaming new airport has fired a warning shot at Singapore's Changi Airport in the battle to control the lucrative regional aviation hub business by saying it may waive landing
      FILE PHOTO  -  661 words
    • Article, Illustration
      Lock icon Providing the best healing touch using IT as enabler
      972 2  -  PEOPLE More patient-centric healthcare possible, feels Peridot Health CEO By' Tan Su Yen WHEN Stephen Yeo, president and chief executive of Singapore Computer Systems (SCS), approached Judy Lim to head Peridot Health Systems, SCS' wholly-owned medical systems subsidiary, it was the
      CHRIS LOH  -  972 words
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      292 2 The Hull MBA OF HULL MBA (General) 28th Intake "Ranked Among Starting in Singapore •29 May 2000 f n MBA (Investment Finance) 10th Intake \^v!oo'p^ 2o^/ Universities, 1999" Starting in Singapore •29 May 2000 University of south Australia "Ranked Among Australia's Best Universities" PhD MA/BA Doctor of Philosophy in Businoss
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      10 2 SCS laimofaea IT systems unit for healthcare sector, Pg 4
      10 words
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      188 3 Morgan Stanley gUla ed Au,hor,l >' L' m' N1 KUI Mor N kA Dcjn W,lk r cc 1 ;J Early on, you recognised that today's bond market was you. Talking to rating agencies. Creating an effective marketing becoming an attractive financing opportunity strategy. Targeting investors across the world. But you
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Keppel Corp launches e-business unit
      479 4  -  Group's Ist task to transform itself into regional gateway to New Economy Ity Conrad Raj KEPPEL Corporation is responding to its critics by launching a dedicated Internet business unit. Disclosing this in his maiden annual report statement, newly-installed executive chairman and CEO Lim Chee Onn
      FILE PHOTO  -  479 words
    • Article
      Lock icon Global e-trading of derivatives soon
      165 4 SGX to join Bloomberg to offer this service THE Singapore Exchange is poised to become the first exchange in Asia to offer global electronic-based derivatives trading. Singapore Exchange Derivatives Trading (SGX-DT), the derivatives trading division of the Singapore exchange, is joining hands with Bloomberg LP
      165 words
    • Article, Illustration
      Lock icon SCS launches IT systems unit for healthcare sector
      377 4  -  fty\ Kenneth Lee SINGAPORE Computer Systems Ltd (SCS), the IT arm of the Singapore Technologies Group, yesterday launched its wholly-owned medical systems subsidiary, Peridot ealth Systems Pte Ltd. Peridot Health aims to give healthcare organisations a leg up in terms of operational
      ARTHUR LEE  -  377 words
    • Article
      Lock icon Thakral Hldgs hopes to boost returns from Cairns resort
      338 4  -  Gronp banks on spinoffs from Barrier Reefs popularity From Surinder Singh in Sydney THAKRAL Holdings is hoping that the growing popularity of the Great Barrier Reef as a tourist attraction will boost returns from its latest acquisition in Queensland. The group
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    • Article
      Lock icon KepT&T has done a lot on the e-business front
      627 4  -  SfrMH locksiew teh hooi ling KEPPEL Telecommunications and Transportation (Keppel T&T) is serious about building its e-business. Consider what it has done in the past six months. It raised $100 million in the form of convertible bonds for its war chest.
      627 words
    • Article
      Lock icon Creative to boost factory space by over 1m sq ft in M'sia
      237 7  -  It will launch a 3-stage Malacc&n expansion programme By. Andrea Tan CREATIVE Technology is on a major expansion trail, which will raise manufacturing space in Malaysia by a staggeringone million sq ft. The group said yesterday it would
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    • COMPANY Briefs
      • Article
        Lock icon Nucleus up 110% on debut
        65 7 NUCELUS Electronics closed on its debut on Sesdaq yesterday at 45.5 cents, more than double its issue price of 21.5 cents. A total of 57 million shares were traded. It readied a high of 52 cents and a low of 28 cents. The company's IPO
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      • Article
        Lock icon Ex-Ipco team at helm of Wassall
        105 7 BENETY Chang, Ipco International's former managing director who was ousted in a bitter boardroom tussle last year, is now firmly in charge at Wassail Asia Pacific. The company yesterday said Saberon Investments, which is controlled by Dr Chang, has completed its purchase of a
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      • Article
        Lock icon GP Batt unit in share placement
        104 7 GP Batteries International said its 79.2 per cent-owned subsidiary Gold Peak Industries (Taiwan) will place out 9 million new shares at NT$24 each for cash to Meiloon Industrial Co. The sale to the Taiwan-listed electronic manufacturer represents a 4.4 per cent stake in the
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      • Article
        Lock icon Thakral's US$250m facility expires
        47 7 THAKRAL Corporation yesterday said its US$25O million (Ss43o million) syndicated facility (current amount outstanding is US$23O million) expired on April 28. A formal standstill agreement is expected to be finalised this month and in the meantime its bankers continue to support the group.
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    • Article
      Lock icon EMC expects to double its Asia-Pacific revenue
      475 7  -  Online trading poshing np data storage demand By Ven Sreenivasan NEW YORK-listed EMC Corporation is expecting revenue from its Asia-Pacific business to double in the next year as the region's financial industry rushes into online trading and settlement and demand for data storage
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    • Article, Illustration
      Lock icon Avaplas offers 36m shares at 27 cents each
      318 7  -  Proceeds partly for factory expansion, satellite operations By Kenneth Lee SESDAQ-BOUND Avaplas Ltd yesterday launched its initial public offering of 36 million shares at 27 cents each. The company is offering 10 million shares to the public and placing out 26 million.
      ARTHUR LEE  -  318 words
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      88 4 Avaplas Ltd (Incorporated in the Republic of Singapore on 26 March 1993) INITIAL PUBLIC OFFERING OF 36,000,000 NEW SHARES COMPRISING 10,000,000 OFFER SHARES AND 26,000,000 PLACEMENT SHARES AT $0.27 FOR EACH SHARE Applications for Shares may be made on printed Application Forms referred to in the Prospectus dated 6 May
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      199 5 Advance into the era of the e-office with multi-function, network-capable and internet-ready Canon GP Digital Copiers/Printers. v I nged, change the game. Have the vision to transform ■iness with Canon's leading-edge technology. Canon inters are designed with powerful integrated functions nanagement and distribution of vital information for ing a full
      199 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Bank, property counters hit by US rate hike jitters
      567 6  -  I-l I comment STOCKS v. sreenivasan SINGAPORE stocks started on a promising note yesterday, but later succumbed to fears that the US Federal Reserve would embark on a series of rate hikes to fight wage and price inflation. After rising by
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    • Article, Illustration
      Lock icon Deutsche Bank's OUB wrt: not a convincing buy
      194 6  -  WARRANT WATCH Ven Sreenivasan OVERSEAS Union Bank's shares fell 35 cents cent to $7.25 on 3.1 million units yesterday on interest rate concerns. The Deutsche Bank covered warrant on it saw active trade yesterday. The OUB DB CW*****3 warrant, which expires next
      194 words
    • Article, Illustration
      Lock icon Continued weakness seen for L&M
      249 6  -  HOT STOCK Hy\ Wong Wei Kong SHARES of I.&M Group Investment continued to fall yesterday and were among the most actively traded issues of the session. L&M shares closed down 8 cents or 8.4 per cent at 87 cents. The stock opened at 87 cents
      249 words
    • Article
      Lock icon Market Notices
      149 6 ♦RAFFLES Medical Group has been granted in-principle approval for the listing and quotation of up to 89.8 million new ordinary shares of $0,10 each (rights shares) in the capital of the company at $0.20 for each rights shares on the basis of three rights shares for every ten
      149 words
    • Article, Illustration
      Lock icon Euro enjoys reprieve ahead of finance ministers' meeting
      353 6  -  I=ll comment CURRENCIES larry wee THE euro enjoyed a reprieve on intervention worries as European finance ministers met in Brussels yesterday, but Asian units were still beset by US interest rate jitters. The 11-member eurozone's common currency eventually finished yesterday's Asian session
      Source: Reuters  -  353 words
    • Article
      Lock icon Untitled
      519 6 Stocks Volume Nucleus Elec 5c 57.713,000 AjrOcean 5c 28,401,000 China To# 20c 16,166,000 MedhRad 5c 15,402,000 ParkwayLab 5c 13,806,000 GiantWTech HK10 13,419,000 Food Empire 5c 11,105,000 Lee Metal 5c 11,083.000 Links Isiand 10c 8,889,000 Lian Beng5c 7,248,000 Stocks DBSGrp 47,221,182 Chart Semiconductor 26c 42.162,700 Nucleus Etec 5c 26.810,975 PabficCentury 25,256.618
      519 words
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      160 6 March 2000 CD ONG ASIA LIMITED (Incorporated in the Republic of Singapore on 23 March 1993) Invitation in respect of 113,068,000 ordinary shares of Sso.lo each comprising 67,841,091 New Shares and 45,226,909 Vendor Shares as follows:1. 23,000,000 Offer Shares at 550.39 each by way of public offer; and 2. 90,068,000
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      Lock icon Page 6 Advertisements Column 2
      24 6 Do you need flexible financing for your share ojrchases o Call us at 323-3955 and find cut what we can do for you ©DBSBANK
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      90 7 SATS Singapore Airport Terminal Services Limited INITIAL PUBLIC OFFERING 110,000,000 Existing Shares at 552.50 each Applications for Offer Shares may only be made by way of printed Application Forms or Electronic Applications as referred to in the Prospectus dated 4 May 2000. Applications for Placement Shares may only be made
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      Lock icon Page 7 Advertisements Column 2
      92 7 sia EnGinEEßino comPAny SIA Engineering Company Limited INITIAL PUBLIC OFFERING 110,000,000 Existing Shares at 552.05 each J.,- X CLOSING 10 May 2000, 8:00 a.m. Applications for Offer Shares may only be made by way of printed Application Forms or Electronic Applications as referred to in the Prospectus dated 4 May
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  • SINGAPORE news
    • Article
      Lock icon 5 get temporary licences for digital TV trials
      376 8  -  They are Cathay, DigitalONE, TCS, Media Manager and Health Answers Ify 1 Marissa Chew THE Singapore Broadcasting Authority yesterday said that it awarded five temporary licences to companies to conduct digital television trials. The licensees include listed cinema operator and film distributor
      376 words
    • Article, Illustration
      Lock icon PSA spins off dotcom to move at Internet speed
      316 8  -  Portnet.com will offer 828 electronic commerce related to shipping By' Toh Han Shih PSA Corporation has formed a dotcom, Portnet.com, "to serve customers faster, more flexibly and more responsively than before". "The idea is to create a small company, recruit young
      FILE PHOTO  -  316 words
    • Article
      Lock icon Stanchart issuing $100m fixed rate notes for US insurer
      256 8 They will be privately placed ont and listed on SGZ STANDARD Chartered Bank is issuing $100 million worth of fixed rate notes for USbased Pacific Life Insurance Company (PLIC) in Singapore. The notes, which will be issued on May 26 in
      256 words
    • Article
      Lock icon EDB to step up infocomm training effort
      411 8  -  It plans to train more than 4,000 people over 3 years Ity, Jane Cheong THE Economic Development Board announced plans yesterday to train more than 4,000 people in wireless communications, Internet technologies, networking and signal processing over the next three years, in a
      411 words
    • Article
      Lock icon Rates seen rising to check Sing dollar's weakness
      331 8  -  Byi Audrey Tan SINGAPORE interest rates will have to rise to offset the expected hike in US rates next week and to check the current weakness in the Sing dollar, says independent researcher Net-Research Asia. The research firm says that even though
      331 words
    • Article, Illustration
      Lock icon Cargill to close petroleum unit by end-May
      337 8 Move not expected to have significant impact on S'pore's offshore oil trade CARGILL Inc, the world's leading commodities and agribusiness company, will close its Singapore petroleum trading unit by the end of this month, but the move is not expected to have much
      337 words
    • Article
      Lock icon Insurance brokers still have vital role to play: expert
      334 8 AN increasing proportion of personal line insurance will be bought over the Internet but brokers will still have a major role to play in the corporate insurance sector. This was the message delivered by Rob White-Cooper, director of Marsh McLennan, at
      334 words
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      297 8 BE AN OUTSTANDING BUSINESS LEADER If Improve your business leadership skills and J organisation performance with our professional Business Group Profile.You will be able to benchmark your personal characteristics against those proven to being distinguished as outstanding world-class performers and business leaders Incorporating 35 years of research, the Outstanding Business
      297 words
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      11 8 PSA unit to offer new e-commerce services, Shipping Times Pg 1
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      8 8 W 4* V* 0 I, yqgrtriD rt\\ w
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  • MAIL bag
    • Article
      Lock icon Time to re-think our policy of high reserves
      660 9  -  Tan Keng Soon I AM glad that our policy makers are having a re-think about how our economy is being managed. Much has happened and even government-linked companies (GLCs) are to be disposed of, even though no timetable has yet been set.
      660 words
    • Article, Illustration
      Lock icon DBS Bank should do some soul searching
      240 9  -  Kenny Thong I REFER to your report "We've tried to go the extra mile: DBS" (BT, May 6). I am puzzled by Mr S Dhanabalan's comments. He said that POSBank will find it more and more difficult to continue providing "free" banking services,
      FILE PHOTO  -  240 words
    • Article
      Lock icon Apology to MPH Ltd and its directors
      247 9  -  Yeo Seng Chong ON May 4,2000, you published a letter from us which you titled 'Price offered by MPH for AV Jennings is miserable" on page 10 of The Busi ness Times. In the letter, we alleged that MPH and its directors improperly
      247 words
    • Article
      Lock icon No double standards far company names: RCB
      265 9  -  Serena Tan Senior Asst Registrar/Head Company Registration Dept Registry Of Companies Businesses WE wish to thank Mr Pao Ning Yu for his letter "Tezting* time with the RCB" (BT, May 5). The Registry of Companies Businesses supports the suggestion to review our procedures
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    • Article
      Lock icon $2 fee: charge only new accounts
      160 9  -  Wong Kam Wah Is DBS Bank being penny-wise and pound-fool-ish? I have no concern about DBS charging a monthly fee of $2. But I am not sure if the decision to cut operating costs and improve profit by charging a $2 fee is a
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      186 9 Clinton to propose bank access fo\ the poor, Pg 17 You can e-mail us at btletter@sph.com.sg or fax us at *****71, or mail your letter to: The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. Please give your full name, address and telephone number. I ii,' i 1
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  • FOCUS property
    • Article, Illustration
      Lock icon Mah's quiet bombshell on HDB resale data
      664 10  -  PROPERTY Impact of the Info is immense as 60,000 resale flats change hands every year lee han shih Quietly. National Development Minister Mah Bow Tan dropped a bombshell last Saturday. Delivering a speech, in his usual relaxed manner, as guest of honour at
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      534 10 1 I Newton S \C/rcus// THE VERMONT Jpy m 2r \n Near S ETI ORCHARD ROAD NEWTON MRT Address: 9& 11 Peck Hay Road S&X Y&\ Orchard \o\ J Scons 21 Scows \~A < V \z\ Tenure: Freehold W\ \Approx: 3,751 sq m 40,375 sq ft v°\-iffi^ Plot Ratio 2.8;
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  • eNews
    • Article, Illustration
      Lock icon Japan's NTT Communications to buy US' Verio
      581 11 TOKYO The USss.sb deal is biggest foreign takeover by the Japanese since the Nabisco cigarette acquisition AFP JAPANESE telephone giant NTT Corp announced yesterday it will pay US$5.5 billion (559.5 billion) to acquire US Internet firm Verio Inc in its first major overseas
      AFP  -  581 words
    • Article
      Lock icon Worldgate, Microsoft in interactive TV products venture
      188 11 NEW ORLEANS Bloomberg WORLDGATE Communications Inc, which connects televisions to the Internet, will work with Microsoft Corp, the world's largest software maker, to develop products for interactive TV, World Gate's chief executive said. The two companies will soon outline plans for "advanced platforms"
      Bloomberg  -  188 words
    • Article
      Lock icon Kodak, Scientific to develop photos on TV
      130 11 ROCHESTER, NY Bloomberg EASTMAN Kodak Co, the world's largest photography company, said it will work with Scientific-Atlanta Inc to develop a system of displaying photographs on television sets without using a computer. The system will incorporate Scientific-Atlanta's Explorer set-top box that lets viewers
      Bloomberg  -  130 words
    • Article
      Lock icon Man, 2 women held after Manila police raid
      386 11 bug MANILA Computer equipment, phones, documents also seized AFP Reuters THE National Bureau of Investigation (NBI) yesterday detained a man and two women suspected of being responsible for the "I Love You" virus that wreaked havoc on computers worldwide, NBI sources said.
      AFP; Reuters  -  386 words
    • Article
      Lock icon E-biz site to turn wine trade on its head?
      262 11 LONDON Reuters AN exchange targeting the £1 billion (552.6 billion) annual trade in fine wines said it will revolutionise the industry with its Internet launch yesterday. Chaired by Christopher Burr, former international head of fine wines at auction house Christie's, uvine.com
      Reuters  -  262 words
    • Article
      Lock icon Intel to unveil 2 network devices to accelerate B2B
      232 11 SAN FRANCISCO Products for data centres, application service providers Reuters INTEL Corp was scheduled to unveil two network devices yesterday that can make busi-ness-to-business transactions over the Internet 150 times faster than previously possible. In the latest growth push from its
      Reuters  -  232 words
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      14 11 ITODAY©fc^*te lianhe Zaobao SingTel's bids for Telecom stakes in HK and Malaysia: whe fcb?
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      105 11 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 ser/ices are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For further
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      38 11 Management Skills Workshops m Courses Date: hh Negotiation May Managing your team May Managing Stress your team Managing your Managing Performance your Managing Teams HI I 1 day 9am spm H Call 472 2221 or english@britishcouncil.org.sg www.britishcouncil.org.sg H
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Pity — we're just the best of a bad bunch
      848 12  - Pity we're just the best of a bad bunch wmm I bottom line OPINION david mason The writer was a partner in an international accounting firm in Singapore for 14 years. He is now a business consultant in the United Kingdom. He contributed this article to BT. SOME weeks ago,
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    • Article
      Lock icon IN OTHER WORDS
      128 12 4 We can be proud that this is being done peacefully, without revolutions and putsches, in a respectful and free way. This is is possible only in a new Russia one in which people have learned to live and think freely.' -Boris Yeltsin former president of Russia,
      128 words
    • Article
      Lock icon When bugs bite businesses
      570 12 EDITORIAL POR thousands of computer users, the one-line email message was irresistible: "Kindly check the attached love letter, coming from me." Some love letter. Opening that attachment unleashed a virus that wreaked havoc on computer systems worldwide. It's a telling reminder that technology is a double-edged
      570 words
    • Article, Illustration
      Lock icon A golden opportunity for Japanese voters
      1265 12  -  If they're tired of the steroid economy, they can push for real reform by following the example set by the Koreans By] Frank Gibney The writer is president of the Pacific Basin Institute and professor of politics at Pomona College, and the author of
      LATWP; FILE PHOTO  -  1,265 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      760 12 Sign a peace treaty AS we ponder regional peace and prosperity in the 21st century, while taking into account future developments in China and on the Korean Peninsula, reinforcement of Ja-pan-Russia ties would help Japan broaden its diplomatic scope traditionally centred around its alliance with the
      760 words
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  • MALAYSIA news
    • Article
      Lock icon Puncak's cash woes leave project in lurch
      161 13 KUALA LUMPUR Reuters MALAYSIAN water utility firm Puncak Niaga Holdings Bhd is facing a temporary cashflow problem which has resulted in the building suspension of a major water project, The Edge weekly newspaper said on Sunday. It quoted industry sources as saying contractors
      Reuters  -  161 words
    • MARKET moves
      • Article
        Lock icon Mixed signals
        74 13 SHARE prices of Time Engineering and Sapura Telecommunications fluctuated wildly yesterday amid uncertainties over the Time deal with Singapore Telecommunications. Time shed 14 sen to end at RM4.72, off its high of RMS for the day. However, Sapura managed to close 20 sen higher at RMll although at
        74 words
      • Article
        Lock icon Greater paper profit
        58 13 STAR Publications rose 80 sen to RM 14.60 on news that the newspaper company hopes to repeat its sterling performance last year. For the year ending December 1999, the company recorded a pre-tax profit of RM96.9 million on a turnover of RM327.49 million. The company paid its
        58 words
      • Article
        Lock icon New parent
        75 13  -  Compiled by Eddie Toh INTRIA Bhd rose 4 sen to RM1.50 in heavy volume on expectations that United Engineers Malaysia will succeed in buying 46.5 per cent in the company from troubled Mekar Idaman. UEM has called for a meeting on May 24 to seek approvals from its
        75 words
    • Article, Illustration
      Lock icon Proton unveils its first M'sian-designed car
      413 13 I KUALA LUMPUR New model is 4th introduced by carmaker in under three months Bloomberg PERUSAHAAN Otomobil Nasional Bhd yesterday unveiled its first domestically designed passenger car as Malaysia's biggest carmaker battles to survive against much bigger rivals. The new model was the fourth
      Bloomberg; REUTERS  -  413 words
    • Article
      Lock icon YTL to set up e-commerce investment firm
      326 13 KUALA LUMPUR New RM3OOm unit will invest at home, abroad Reuters MALAYSIAN infrastructure and power group YTL Corp Bhd said yesterday it will set up a RM3OO million (Ssl36 million) company to invest in local and foreign e-commerce firms and add value to
      Reuters  -  326 words
    • Article
      Lock icon DiGi.Com to launch ISP by mid-year
      169 13 KUALA LUMPUR Reuters MALAYSIA'S Digi Telecommunications Sdn Bhd, a unit of mobile phone operator DiGi.Com Bhd (formerly DiGi Swisscom Bhd), said yesterday it will launch its Internet Service Provider (ISP) by the middle of the year. Digi Telecommunications senior manager (product development) Kugan Thirunavakarasu
      Reuters  -  169 words
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      570 13 I 1 "Dream time? 1 Dream Team. W99 1999 1999 1999 1999 ecm Asia Pacific Equity Unkcd Deal of the Year IFR Asia IFR Euromonev Emerging Markets 1999 Euromoney Deal of the Year Oil 1999 Finance Asia Best Equity Deal of the Year Bank of the Year Bank of the
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  • SOUTH east asia
    • Article
      Lock icon Batam's bonded zones to be VAT-exempt: Gus Dur
      532 14  -  Controversial 10% tax will be imposed on island bnt no date indicated From Shoeb Kagda in Jakarta INDONESIAN President Abdurrahman Wahid said yesterday that the controversial value added tax (VAT) would be imposed in Batam but added that bonded zones will be
      532 words
    • Article, Illustration
      Lock icon Mindanao crisis hits Manila stocks
      504 14  -  f-Yrmi, Al Labita in Manila [MANILA) Tensions spawned by a hostage drama and a Moro separatist war have spilled over into the share market, driving trading volume down to a level not seen since the attempted coup against the government of Corazon Aquino in December
      Source: Bloomberg  -  504 words
    • Article
      Lock icon Bank Bali rescue talks with central bank stopped
      425 14 JAKARTA Ex-president of bank alleges pressure to resolve court case Bloomberg RUDY Ramli, the former president of PT Bank Bali has stopped negotiations with the Indonesian central bank and its bank rescue agency that are central to the bank survival. In the
      Bloomberg  -  425 words
    • Article
      Lock icon Gus Dur to handle Chandra Asri's debt restructuring
      162 14 JAKARTA AFX-Asia THE Indonesian Bank Restructuring Agency (Ibra) has transferred the handling of PT Chandra Asri Petrochemical Center's debt restructuring to President Abdurrahman Wahid after it failed to reach agreement with another major creditor Marubeni Corp, Harian Ekonomi Neraca reported. "The problem
      AFX-Asia  -  162 words
  • NOTE Book
    • Article
      Lock icon Thai central bank to take over unit
      38 14 AP [BANGKOK] Thailand's central bank said yesterday it will take over an insurance unit of Bangkok Metropolitan Bank to ease the sale of the nationalised bank to HSBC Holdings PCL. AP
      AP  -  38 words
    • Article
      Lock icon New IMF letter for Indonesia by June 2?
      79 14 Reuters [JAKARTA] Indonesia's top economics minister said yesterday Jakarta's next letter of intent with the IMF could be signed on June 1 or 2, paving the way for the release of US$4OO million (Ss6B9 million) in delayed aid. "I heard the board
      Reuters  -  79 words
    • Article
      Lock icon 20 foreign firms may leave Indonesia
      56 14 AFP [JAKARTA] Continuing worker protests may prompt at least 20 foreign manufacturing companies to relocate outside Indonesia, a report yesterday quoted a leading businessman saying. Indonesian Business Council chairman Sofyan Wanandi said the operations erf" the companies, mostly owned by South Korean investors, have
      AFP  -  56 words
    • Article
      Lock icon Thai finance ministry rift settled
      44 14 Reuters [CHIANG MAI, Thailand] Thai Finance Minister Tarrin Nimmanahaeminda said yesterday a rift with his central bank governor over the use of national reserves to repay government debt incurred in bailing out troubled financial institutions has been settled.— Reuters
      Reuters  -  44 words
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      269 14 YOU CAN ENJOY EVEN MORE OF THE FINER THINGS IN LIFE. V 1' .'.'T .y V'- -i£v* tj: ..> v r »<=***-• y,:?:": v 7* y* KfS§&4*£<- t.r.;- V -K" i ft- *7- 7-7 :r^*v vi«wvvV r 7; 7y7|^yg -77* 7**;. ?-s'-# "k -H -7 r-y !>:.**.. > /-r 7-"--
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  • EAST asia
    • Article, Illustration
      Lock icon HK stock exchange chief Tsui to join Regent Pacific
      325 15 PEOPLE He will develop Asian regional business with emphasis on Internet and tech investments Reuters [HONGKONG] Regent Pacific Group Ltd ended speculation about the future of departing Stock Exchange of Hongkong chief executive Alec Tsui yesterday by naming him chief executive
      Reuters; FILE PHOTO  -  325 words
    • Article
      Lock icon Buyer of looted antiques haven't paid up yet
      284 15 HONGKONG It was dne to holiday closure of banks in China, says company AP A BEIJING-BACKED company that bought three 18th century sculptures looted from a Chinese palace was unable last week to pay the auction houses due to a long holiday
      AP  -  284 words
    • Article
      Lock icon Nokia building 10b yuan industrial park in China
      262 15 BEIJING Park to generate sales of 50b yuan and provide 10,000 jobs Reuters AFX-Asia NOKIA Corp has begun building a 10-billion yuan (Ss2.l billion) industrial park in Beijing where wireless telecommunications technologies will be developed, the China Daily reported yesterday. Nokia would
      Reuters; AFX-Asia  -  262 words
    • Article
      Lock icon HK's monetary chief shows concern over market expectations
      239 15 CHIANGMAI,ThaiIand AP THE boss of Hongkong's monetary authority says he is concerned that the markets expect adjustment to the local currency system in August, when the Hongkong dollar is scheduled to hit its peg rate against the US dollar. In an interview
      AP  -  239 words
    • Article
      Lock icon Plan to spin off B2B arm after merger: HKT chief
      120 15 HONGKONG AFX-Asia CABLE Wireless HKT Ltd chief executive Linus Cheung said the resulting entity from the proposed merger with Pa cific Century CyberWorks Ltd, will be able to reduce its debt by spinning off its 828 business, the Hong Kong
      AFX-Asia  -  120 words
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      171 15 it f f > £> 4 In the heart of -Singapore, beats the soul of new./hia. V ibrant yet serene, hloetern ijet traditional, t'xpressiv yet understated. IS I ore I j Ufi i (f placc, it's a state of mind. It's not ejuite fast. It's not quite West. But its
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  • SOUTH asia
    • Article
      Lock icon Pakistan's recovery fragile: report
      163 16 Reuters [KARACHII Pakistan's central bank said yesterday that the country's economic recovery was fragile and still not strong enough to cut deeply into poverty and create jobs. "Furthermore the estimated real growth of 4.4 per cent for FYOO (to end-June) is still inadequate to make a
      Reuters  -  163 words
    • Article
      Lock icon Wipro's share surge spawns riches in remote Indian town
      719 16 BOMBAY Amalner, birthplace of software giant, has millionaires aplenty Bloomberg AMALNER, a town about 400 km north-west of Bombay, has much for which to thank Wipro Ltd. The town of about 80,000 people with mud paths, loitering cows and a crowded
      Bloomberg  -  719 words
    • Article
      Lock icon India eases way for foreign insurers
      178 16 NEWDELHI Reuters FOREIGN insurance firms seeking to form joint ventures in India with local companies will be able to hold a maximum stake of 26 per cent, regardless of existing foreign shareholding within the partner. The Economic Times said yesterday. The Insurance Regulatory Development
      Reuters  -  178 words
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      1648 16 ALASKA FLY-CRUISE PROMOTIONS Celebrity Cruises offer you the best cruising experience in breathtaking Alaska with an extraordinary combination of gourmet cuisine, impeccable service and luxurious staterooms aboard the most modern fleet, M/V Mercury' M/V Galaxy (both 77,700 tons) BOOK SOYV! And enjoy great savings plus free cruise cabin upgrades. I:
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      98 16 CORRIGENDUM Liquor Licence Applicant Tan Seow Choo's notice ad in the Business Times on 5/5/2000 should have been FIRST CLASS BEER HOUSE LICENCE, and applicant should be TAN HIAU KOON CORRIGENDUM Re: Liquor Licence Notice in the Business Times on 27 April 2000 G Suguna Devi The liquor licence applied
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  • WORLD news
    • Article, Illustration
      Lock icon ADB gets okay to study capital needs
      660 17  -  Meeting marred by protests against damage inflicted on the poor by its loans From Anthony Rowley in Chiang Mai A BESIEGED annual meeting of the Asian Development Bank ended yesterday with agreement by finance ministers and other ADB governors to allow the bank
      AP  -  660 words
    • Article
      Lock icon Clinton to propose bank access for the poor
      244 17 WASHINGTON Bill to subsidise banks offering them cheque accounts LATWP THE Clinton administration proposes legislation to explore ways to entice banks to offer cheque accounts and other basic services to low-in-come consumers. According to administration sources. Treasury Secretary Lawrence H. Summers was
      LATWP  -  244 words
    • Article, Illustration
      Lock icon Sony promotes COO to keep its electronics might
      448 17 TOKYO Bloomberg SONY Corp, the world's sec-ond-largest maker of consumer electronics, yesterday named chief operating officer Kunitake Ando as its next president to maintain the company's strength in electronics as it takes on new Internet businesses. Mr Ando, 58, will replace Nobuyuki
      Bloomberg; REUTERS  -  448 words
    • Article
      Lock icon Ministers pledge boost for euro
      389 18 BRUSSELS EU nations to speed np economic reforms; bnt does not publicly support euro-buying Bloomberg EURO-BLOC finance ministers pledged to boost the flagging single currency by speeding up budget cuts and economic reforms, while declining to publicly endorse the policy of buying euros in the
      Bloomberg  -  389 words
    • Article
      Lock icon WPP to buy Young & Rubicam for US$5.5b
      341 18 WPP to buy Young Rubicam for US$5.5b LONDON Reuters BRITISH advertising giant WPP has agreed to acquire US rival Young Rubicam (Y&R) for around US$5.5 billion (559.5 billion) in a deal that will create the world's biggest advertising group, industry sources said yesterday. They said the US advertising group's board
      Reuters  -  341 words
    • Article
      Lock icon Nasdaq Japan attracts nine applications to list
      470 18 TOKYO Reuters NASDAQ Japan, a new stock exchange catering to hightech Japanese startups, was established yesterday as a new section of the Osaka Securities Exchange, and nine high-tech and other firms swiftly applied to list. The new market will begin operating on June
      Reuters  -  470 words
    • Article
      Lock icon S'pore envoy to chair key WTO panel
      351 18  -  Standoff over farm panel also resolved as Pern envoy picked Froml D Ravi Kanth tn Genpixi SINGAPORE'S ambassador and his Peruvian counterpart were yesterday named to head two politically sensitive committees respectively trade-related intellectual property rights and agriculture of the World Trade Organization,
      351 words
    • WORLD Watch
      • Article
        Lock icon KPN in alliance talks with 4 companies
        70 18 Bloomberg [AMSTERDAM] Royal KPN NV, which failed to merge with Spain's Telefonica SA last week, is talking with four companies about a possible alliance to expand in the European mobile-phone business, the company said yesterday. While KPN declined to name any potential partners,
        Bloomberg  -  70 words
      • Article
        Lock icon HSBC US unit's Q1 net income op 31%
        72 18 Reuters [LONDON] HSBC USA Inc. wholly owned by global banking group HSBC Holdings pic, said yesterday that net income in the first quarter rose 31 per cent to US$l59 million (5J273.5 billion) from US$l2l million in the first quarter last year. HSBC
        Reuters  -  72 words
    • Article, Illustration
      Lock icon Nikkei reform for the better but index still flawed
      671 19 TOKYO Worst call was to leave out Softbank, world's leading Net investment gronp FT LET'S give a cheer for the Nikkei 225. The illustrious committee of academics and market experts that oversees Japan's benchmark average has overhauled its constituents and the
      FT; Source: Bloomberg  -  671 words
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      32 17 PRIME OFFICE '""T SPACE FOR LEASE PRIME Tung Centre WAREHOUSE/ —J FACTORY SPACE FOR LEASE A -Z Building For details, please call owner nl Telephone I 437 6853 437 6872 534 3132
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      301 17 I <"3 T^^^^^HiMiflßdflldH TaR 4 Solutions. Forward thinking small Mf 1 l|^j,^iJppf*PJWTTflFrjpWWlJ^PJ^ businesses search for them. <* Intel* Pentium* 111 processor 600 Mhz *Q QQQ To be more efficient. To be more (dual processor capability) 128MB RAM productive. And IBM provides them. 91 gb Wide Ultra SCSI 2 hard disk
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      30 18 The bottom line. The address line. i Our 1999 Annual Report is now online, and it's best seen with Internet Explorer 4.0 and above. Log on now at www.dbsland.com/AR1999. 88DBSLAND
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      382 19 This large acreage has to be seen! Located in the beautiful sunny green Horton Valley, ranging from deep, rich black basalt H I river flats to open and very gently undulating country, slowly rising to a base of low picturesque timber hills. Subdivided H into 12 pasture improved main paddocks,
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  • FINANCE & commodities
    • Article
      Lock icon Cash, futures shaky ahead of FOMC meeting
      231 20  -  SGX Derivatives TmiOn&Reports MSCI Singapore Index Daphne Tay THE Singapore stockmarket finished on a weak note yesterday, indifferent to Wall Street's strong performance on Friday. Cash and futures were wobbly ahead of next week's Federal Open Market Committee meeting where a 50 ba
      231 words
    • Article
      Lock icon Futures close at slight discount to cash
      283 20  -  MSCI Taiwan fatures Chan Yet San THE Taiwan stock market ended down yesterday despite a strong start in the morning. The Taiex went as high as up 85.56 points to reach 8,742.69 points before coming back down to end down 40.95 points or
      283 words
    • Article
      Lock icon Oil rises on Norway strike woes
      199 20 ENERGY REPORT Bloomberg [LONDON] Crude oil was little changed as a labour strike escalated in Norway, the world's second-largest exporter, causing oil companies to take steps to mitigate the walkout's effect on shipments. About one million barrels of Norwegian exports each day are being
      Bloomberg  -  199 words
    • Article
      Lock icon CURRENCY REPORT
      333 20 Reuters London THE euro fell within a cent of its record lows against the dollar yesterday after a eurozone finance ministers' statement contained nothing about intervening in the foreign exchanges to support the battered single currency. Speculation that officials would make a statement about intervention had been rife
      Reuters  -  333 words
    • Article, Illustration
      Lock icon Untitled
      1245 20 DfTERBAMK CROSS RATES Mays AS C$ Bmto Euro Hr D« HK$ Ind Bs Bup ah Yen Won RM NZ$ P>k Peso S$ Band Sfr MT$ tM Pound U$$ Austr?Ma 0.876 4.S77 0.653 4.285 1278 4.576 25.639 47.165 0.639 6.519 2.233 1.204 30.456 24.250 1013 4.080 1.014 18.042 22.604 0.384 0.588
      1,245 words
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      Lock icon Untitled
      1909 20 8TO0M FUTURES May 8 RUBBER (futures closwq as «t 5.30pm) RSS1 CONTRA CT(S cents/kg) Close Volume Open Month Hkjh Low Sttt (tonnes) Interest Jun 00 120.50 300 Jul 00 122.50 300 Aug 00 124.50 300 Sep 00 126.50 300 RSS 3 CONTRACT (US ctnts/lq) Volume Opto Month High Low Sttt
      1,909 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Hang Seng down on US interest rate fears
      2873 21 HONGKONG AFP fl Han* Seng -367.64 HONGKONG share prices fell 2.4 per cent yesterday to fall below the 15,000-point level on worries about interest rate hikes, dealers said. The key Hang Seng Index lost 367.64 points to close at 14,901.00, on turnover
      AFP  -  2,873 words
    • Article, Illustration
      Lock icon CHINA
      1007 21 AFP QShenzhen B Index -LB6 CHINA'S hard currency B shares ended down in lacklustre trade yesterday after a seven-day holiday break, as investors trimmed positions while awaiting fresh market leads. The Shenzhen B Share Index dropped 1.86 points, or 2.06 per cent, to 88.20 on lower turnover of HK528.19
      AFP; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,007 words
    • Article
      Lock icon TAIPEI
      356 21 AFP QWP Index -40.95 TAIWAN share prices closed 0.47 per cent lower yesterday in lacklustre trade with investors cautious ahead of the presidential inauguration on May 20, dealers said. A possible US interest rate hike also kept investors on the sidelines as they worried the move would hurt US
      AFP  -  356 words
    • Article
      Lock icon Nikkei falls as investors take profits
      2007 21 TOKYO AFP Q Nikkei 22S -239.40 TOKYO share prices fell 1.3 per cent yesterday as investors took profits following earlier Wall Street-inspired gains, brokers said. The key Nikkei 225 Index closed down 239.40 points at 18,199.96. The Topix fell 6.06 points to 1,696.52. Turnover
      AFP  -  2,007 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon KLCI's gains capped by profit-taking
      417 22 AFP F1 Composite Index +4.01 MALAYSIAN shares closed up 0.4 per cent yesterday but were off earlier highs on profit-taking following two days of strong gains, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended up 4.01 points at 929.46, off a high 0f938.63.
      AFP  -  417 words
    • Article
      Lock icon Untitled
      8906 22 MOUSTMALS Commer pniicti 2000 Last Vd Day M«( Cap High Low Company Sale OOO High Low P/l $m# 420 310 Ajinomoto 366 20.0 148-3 158 91 Anqkasa 100 3.5 20 101 100 147.5 670 290 Apollo Food H4q 540 -20 23 S80 540 12.9 216.0 3075 2700 BAT50C 3025 25
      8,906 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      3465 23 BONDS WARRANTS May 8 M Mi fnm! S2-«Mk Last M ley MM k*% M Ctm bar Nk Mi M Mm I I Hi imm hi Mhr Ma HM Mb Ma Ml («m UR 80 17 s 3t64 Acma ******4 25.5 -6.5 1090 33 25 25 25.5 34 41.0 1 300
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      Lock icon BANGKOK
      779 23 AFP Q SET Index -I*lB INVESTOR concern over the direction of US interest rates dragged Thai share prices down 3.6 per cent yesterday in light trade, dealers said. The Stock Exchange of Thailand (SET) Index dropped 13.8 points to finish at 366.17, and the select SET 50 edged down
      AFP  -  779 words
    • Article
      Lock icon MANILA
      260 23 AFP Q Composite Index -3129 THE Philippine Stock Exchange Composite Index ended 2.2 per cent or 33.29 points down yesterday at 1,518.61, the lowest close since Oct 21, 1998 when the key index settled at 1,494.62. Turnover rose to 3.99 billion shares worth 828.33 million pesos. —AFP "ay 8
      AFP  -  260 words
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      Lock icon JAKARTA
      704 23 AFP FlOwnpogte Index +4.72 INDONESIAN share prices closed 0.9 per cent up yesterday on follow-through buying in large companies, led by cigarette stocks, dealers said. The Jakarta Stock Exchange Composite Index closed up 4.72 points at 550.33 with volume of 858.9 million shares worth 857.26 billion rupiah. Advancers led
      AFP  -  704 words
    • Article
      Lock icon WELLINGTON
      284 23 AFP QMZSE-40 +17.71 NEW Zealand shares closed 0.9 per cent up yesterday with the NZSE-40 Capital Index rising 17.71 points to 2,065.22 on volume of NZ$lOB million. Among the risers. Contact Energy gained four cents to NZ52.52, while brewer Lion Nathan Ltd was up eight cents at NZ$4.6B. AFP
      AFP  -  284 words
    • Article
      Lock icon SYDNEY
      578 23 AFP n AD Ordinaries -0.5 AUSTRALIAN shares closed marginally lower yesterday with falls in Telstra and News Corp tipping the major indices into the red, dealers said. The All Ordinaries Index closed down 0.5 points at 3,075.1, while the newly-intro-duced SP/ASX 200 eased one point to 3,106.2. Fully-paid Telstra
      AFP  -  578 words
    • Article
      Lock icon SEOUL
      269 23 AFP Q Composite Index +1&95 THE Korea Stock Exchange Index closed 2.5 per cent or 18.95 points up at 770.24. Volume was 194.1 million shares worth 2.2 trillion won. AFP m<i no* Anafn Scnti ***** 300 Br am T«h 1130 10 Contrji B»nn 1685 -50 Choi) Coma *****0 *****
      AFP  -  269 words
    • Article
      Lock icon STOCKS sgx
      9201 25 SGX MAINBO ARD Transaction date: May 8 Gr Or mm 52-Wk Lest Vol Oly Last Quot# Dt« Oh YM Net Cap Avg High Law StNo Company Sala COOO) High Low Buyer Sailor C'»r P/E Smll Price MULTI-INDUSTRY 182 95 m C 1000 Acma 50c 132 cd 8 426
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      464 24 Get I nternet experience! Stockholm '""P^wja^BßßiMHnHMißH^ BIiSSBaMBBBKm- fijA Copenhagen Helsinki BMMPTBBpPP I Hamburg P' ffi l 7wWlliM<'iß@Bk F?T? f !I l&*gsL: «T;-i:55«:35-3 r .I MMBosSa^g«aa^^Ba^BP^ Jw«goasßgg^a^Sl^l^*S:NV- S-3%9E^j||^^B r 3r v ?S"' i*# J .fcwA ~>. E£> v.h^&^Bss.»&" Jw^y^i'*^fMjß|Bßf°H||rflH|MßW^B|^B[BH|^Hß|^Bß^B|B|^^B^Bß^^^^^^^B Listen, learn and network with six Internet companies that already have international
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  • KNOWLEDGE economy
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      Lock icon In praise of older workers
      1663 26  -  They are really the experts in the art of the possible, says patoice i.ambe Older workers have a lot to teach employers and colleagues PATRICK LAMBE TVie writer is manager of business development at The British Council I RECENTLY observed two New Economy events where
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      135 26 "Goodnight Dad." ■Bjjß,, fe., Ml the same as them pretty plug your laptop to gjsL close. Stay at a hotel with inter-touch" and you're connected to the inter-touch connector M'« the net in 3 quick and simple steps, and at a super-fast 100 m your hotel room H jfc'Jj^B MBps.
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      266 27 Where to wine, dine and entertain...^(Slfiassr mm&Xi For a karaoke with a difference, visit Singsation Theme Karaoke with its 19 themed KTV rooms with your family or friends. Company functions J^ 11 Opening Hours Monday Friday: 6pm to 2am Saturday: 3pm to 2am (Closed on Sunday) (i&Gi'A-Tttipf MilM I I
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      115 27 WMttmS\ j y 1 i HOTEL GRAND CENTRAL LIMITED 22 Orchard Road/Cavenagh Road, Singapore *****7 Tel: 737 9944 Ext 400/02 Fax: 733 3175 fll fWI Mother's Day c Buffet Brunch Special \>o at v h- the cafe of Hotel Windsor. V hq j All (or just 1 4.90 (Ajull.) t
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      Lock icon Page 27 Advertisements Column 3
      95 27 Roasted Whole Suckling Pig f Steamed Live Sea-Bass Fish with Lime Sauce (Thai Style) I Deep Fried Fresh Prawns with CSS Pepper and Garlic MjS Braised Mushroom with Bean-Curd Puff and Lo-Han Vegetable Iff* I Braised Shark's Fin Soup with Dried %s Seafood Sauteed Pork with X.O. Sauce j. Braised
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      Lock icon Page 27 Advertisements Column 4
      22 27 l m Wine. Dine Entertain I The Business Times I I Contact Patrick Ang 740 1284 I or Amy Choo *****59 now.
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      Lock icon Page 27 Advertisements Column 5
      53 27 (Turkey: The Beautiful) MANDARIN COURT (4th floor, Main Tower) 14 MAY, 2000 B.oopm Price: $25, $30 and $35 nett (including one standard house-pouring drink) Reservations: 831-6288 Co-ijqfjnncr EMBASSY Of THE REPUBLIC OF TURKEY g i Atomhrin |JJ Singapore Mi IU On hard Road, Singapore *****7 v;;rrr ih 7J7 4411 Fa*:
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  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      948 27 f.iii.y"^— CAntral 5.30 Music Walk. 5.00 Gelora. 2.00 To 6.00 am: Real-time ItlvT 6.00 Wheel of Fortune. 5.30 Kahwin Palsu. Financial Data. 9.00 AM Kids Central: The e.30 The Pyramid Game. 6.00 Selera Asean. Big Comfy Couch. 7.00 Early Edition: The Re 630 Saiian. Sportscity 9.30 Hello Mrs Cherry- turn
      948 words
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 2
      293 27 CRYPTIC CROSSWORD ACROSS 6 Man outside in love with an old 7 A thing, or one not wanting it (8) Cretan (6) 9 Start to make a plait (6) 8 A rumour and hearsay 10 Stumble on a flock of sheep (4) 1 3 Knocked for six? (6,4) 11 The
      293 words
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      467 28 *55'' F^ v fl| BHj^n^B $1 gSf 373#. *CC22J4-^^H ■F*- rite h Ml iHP^cont 3 ■f\ I >rri I A# *T He' IJ* fIH I n Bl I •<•'■*'•■ ~l I |ei| l-ilil"! 0 r -^ftm *3 a I zl "~£i "I I?B I-I*l=l rail MMRMI fc JWBBBI 'W- wu
      467 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      319 29 Bridge News Reuters THE dry cargo freight market week ended quietly on Friday but owners were confident that following the return of the Far East the following week from holiday, chartering activity would pick up significantly. The Baltic Dry Index (BDI) was unchanged at 1,609, the Baltic Panamax
      Bridge News; Reuters  -  319 words
    • Article
      Lock icon MARITIME STOCKS
      307 29 SCX '000 Mfi ss <m cm Distribution 0.87 -0.03 30 Chuan Hup 0.39 0.01 5704 Cosco lnv*stm*nt 0X1 0.01 525 Frught Links 0.26 -0.01 344 G8 Holdings 0.65 -0.03 10 Hal Sun Hup 0.34 -0.02 46 IMC HoWngs-HK 5.60 unch 0 Jaya Holdings 0.19 -0.02 1355 K*pp*l Corp
      307 words
    • Article, Illustration
      Lock icon PSA subsidiary to offer new e-commerce services
      465 29  -  Lines will be able to trade empty containers globally through portal By Ann Toh [SINGAPORE] PSA Corp will roll out new e-commerce services for the shipping community in the next three to six months through its newly set up subsidiary, Portnet.com. From the
      CHRIS LOH  -  465 words
    • Article, Illustration
      Lock icon Hamburg's Canadian, US cargo traffic up last year
      321 29  -  By Donald Urquhart [SINGAPORE] The Port of Hamburg has announced large increases in US and Canadian container traffic for 1999. which also coincides with an ongoing exhibition on the port's historical emigration role. Last year, the Port of Hamburg handled 104,000 TEUs
      REUTERS  -  321 words
    • Article
      Lock icon New head for IT unit
      143 29 [SINGAPORE) PSA Corp has recruited the former director for corporate information technology at Philips Electronics Asia Pacific to head its team working on an IT subsidiary company. Robert Yap joined PSA in March taking over as executive vice-president (information technology). He assumes a post held
      143 words
    • PORT Shots
      • Article
        Lock icon New round of bidding for Lisco
        81 29 {LONDON] Fresh bids have been invited for a 75 per cent stake in state-run Lithuanian Shipping Co (Lisco) by the Lithuanian government. Another 5 per cent of the state share will most likely be put up for sale through the Vilnius stock market. Lisco's
        81 words
      • Article
        Lock icon Bunker rate cut
        58 29 [LONDON] Members of the European/Mediterranean Trade Agreement have decided to reduce their bunker adjustment factor in the light of a recent drop in fuel prices. The cut, which will see the North Continent-Eastern Med rate fall to US$2l (5535.70) per TEU southbound and US$ll per TEU northbound,
        58 words
      • Article
        Lock icon ECT chalks up US$18m loss
        72 29 [LONDON] Dutch-based container terminal operator Europe Combined Terminals has reported a loss of US$lB million (5530.6 million) for 1999. The slump was mainly attributed to the restructuring costs arising out of the feilure of its Molo VII venture in Trieste and other reorganisation. The company
        72 words
      • Article
        Lock icon Hamburg Sud boosts Brazil service
        46 29 [LONDON] German liner firm Hamburg Sud is upgrading its Europe-South America East Coast service to weekly by adding an extra fixed-day sailing. The carrier operates the service via its subsidiaries Alianca and Transroll International in a partnership deal with France's CMA-CGM.
        46 words
      • Article
        Lock icon Corrosion firms form alliance
        47 29 [LONDON] UK-based Cathelco and Norwegian paint and coating specialist Jo tun have formed a strategic alliance in their service and support department. Cathelco, which sells cathodic protection equipment, will remain independent of Jotun and the two firms will still compete with one another.
        47 words
      • Article
        Lock icon USCG wants more spill plans
        65 29 [LONDON] The US Coast Guard would like to see ports and terminals handling all bulk hazardous substances, not just oil, to have contingency plans in place to deal with spills. The proposal is being put forward under the OPA 90 regulations and will, if accepted,
        65 words
    • SHIPPING agreements
      • Article, Illustration
        Lock icon New pact means less red tape
        896 30  -  We look at freight rates in the evolution and mechanics of the conference system of pricing liy> Albert Pierce The writer is the executive director of the Transpacific Stabilisation Agreement The second part of this feature will be published tomorrow. THE transpacific container freight
        FILE PHOTO  -  896 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      181 30 PAGE Delmas 4 ACl 6 Lloyd 8 ANL 3 Dongnama 3 Accord 8 t4str4ns 6 Appenship 5 jjj 4 Austral 8 ECU Line r Evergreen 6 ShM Foong Sun 8 S I Clink 4 L ,MaS Gemartrans 6 CCNI 7 Hangli 7 Hanjin 3 C0SC0 5 Heunq-A
      181 words
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      Lock icon SHIPPING GUIDE
      18667 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Tetepftone SJN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number i. 16/05 19/06 NGPL CHENAN V4SA tbUTTtOQ To ABIDJAN (ABJ) 2003 Cote D'lvoire */05 03/07 ngpl chenan v4sa u-zzmn 17/05 19/06
      18,667 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        681 41 Vessel Voy No Berth Arrival Departure SMuUmtn 2 I J03 08/05/6:00 08/05/17:00 Bt Bt .Hyi ***** J01 08/05/8:15 08/05/18:00 Anqwnq MAR-00 J02 08/05/9:05 09/05/5.00 Bt Hcrfcu MAY-08 JOl 08/05/800 08/05/23:59 Lmqmis 3 07/00 J03 08/05/9:35 08/05/22:00 21»ngi 78 51 jo 2 08/05/9:50 09/05/10:00 W 1 ***** JOl 08/05/10:15
        681 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1940 41 Booking/Balance Rstls SMp Voy No Etb/Btr Period From To From MI DAHUA 021* 9/23 00 U 06/1500 06/1659 06/1900 06/1500 06/1659 06/1900 a 00/1700 09/0*59 09/0900 a 06/1700 09/0*59 09/0900 MWMHi MM MM M M/BM NAM MM 08/1500 08/1659 06/1900 2A 06/1700 09/0659 09/0900 21 06/1700 09/0659 09/0*00
        1,940 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        178 41 May 11 Hong Kong: Buddha's Birthday. May IB Thailand: Royal Ploughing Ceremony. May 17 Thailand: Visakha Bycha Day. May 18 Malaysia: Vesak Day. Singapore: Vesak Day. May 19 Denmark: Great Prayer Day. May 29 United Kingdom: Spring Bank Holiday. May 31 Brunei: Royal Brunei Armed Forces Anniversary. Apr
        178 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        787 41 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are indi cated. The Cockett Bunker Price Index change and
        787 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        503 41 Cerbon )80 Mm 909.9 0.6 15.4 0.09 89 0.05 Mey 4 Density *«ter Rtsidu* Ash Aluminium Sediment No above £25 0 0 1 0 3 0 380 Aw 986.3 0.2 12.7 0.07 38 0.02 Cm 380 MM 991.4 0.9 17.8 0.08 71 0.06 AS/MM in MM
        503 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Airbus plans to replace A300-600 with new A330 jet
        361 42 New version will be called A 330-100 and will have fly-by-wire technology Bloomberg [TOULOUSE] Airbus Industrie plans to replace its ageing A3OO-600 passenger plane with a new aircraft based on its A 330-200, a senior executive said. The European planemaker has
        Bloomberg; FILE PHOTO  -  361 words
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        Lock icon Air France strike grounds flights
        81 42 [ROISSY] A stranded passenger reading his newspaper at Roissy airport, north of Paris on the second day of a strike by Air France stewards and air hostesses. The French national carrier had to cancel 40 per cent of its flights out of Paris on Saturday
        AP  -  81 words
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        Lock icon KLM expects new partnership plans before year-end
        465 42 [PARIS] KLM Royal Dutch Airlines, which last week cut its ties with Alitalia SpA, said it is not yet in alliance talks with other airlines though it expects to have more partnership plans before the end of the year. The prospect of reviving
        465 words
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        Lock icon Qantas plays down aircraft mishap in HK
        394 42 8747 grounded when problem in one of the plane's generators was detected AFP [SYDNEY] Qantas dismissed its latest aircraft mishap as minor yesterday after a Syd-ney-bound jumbo was grounded in Hongkong. The Boeing 747-400 was the same plane which skidded off the Bangkok
        AFP  -  394 words
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        Lock icon CAL pilot dies after heart attack on flight
        163 42 AFP [TAIPEI] A China Airlines (CAL) flight to Vietnam had to make an emergency return to Taipei yesterday after its pilot broke down with a severe heart attack 20 minutes into the journey, a CAL spokesman said. Gueorgui Gueorguiev from Bulgaria suffered
        AFP  -  163 words
      • Article
        Lock icon United Air's April load factor up
        152 42 Reuters [CHICAGO] United Airlines, the world's largest airline, said that its load factor, a measure of paying passenger traffic, rose to 73.7 per cent in April from 68.8 per cent a year ago. Revenue passenger miles for the month rqse 7.8 per cent to
        Reuters  -  152 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1944 42 an WWT ra matt nt BA7306 HOS SQ2008 2305 MtiaMt BA73SI (DO MI3S 2055 0F6 1805 LM6373 2350 0f81 1930 Of 82 2055 S073M23M Sttt ZX» AA8229 2230 FakMka SOW 1530 SBWO OM LH6380 2230 «m|AM S0M3 1MB CZ352 OMO MM WO CI35I 2045 ***** 1020
        1,944 words
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      112 29 Shipping Conferences J t Lilt" c VL*ullllUL Ullrfbiiiii.liU'b* Page 2 n-hiivc- I-;n<- hi {-i-nh< vi[wLuUC LLiaun. »"s fill il w it'll hf-lM />SSiI h 1 v Vwi LLlclL LL Vw I L L Back Page BULLETIN BOARD I UfllJId Hyde has expanded its dry cargo team in its Far East
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      762 30 [,T: NORTH AMERICA ~|fll GULF!INDIA SUB-CONTINENT |S<JPER SHUTTLE EXPRESS (BSX) IQULF KARACHI EXPRESS (QKX) vtssa voy id puang vnsa voy I dmn mm iwt ju I ino Icm [puang Tn"" 00(1 AMERICA 42W515 11/04 07/0S 09/05 NYK VIRGO 13E OMIT OMIT OMIT 03/0S OS/OS Of/OS 13/05 13/ OS OOdCAUfORNU 44W514
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      735 30 Lines services represented by /£Members of the Registry of Members of the Accredited Shipping Agents, Jm/Sk Sin 9 a P° re Lo 9 istK:i Singapore Shipping Association Association Q ULY LINE MALE VISSCI VOT ETA r™ ETA P. KLANG SPOKE MALE Princess Lily VO3OO 14/05 16/05 24/05 Empress Lily VO5OO
      735 words
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      1126 31 SAX SERVICE (DIRECT) Vtssa VOY S«n* UU OA* DAL HOU 08 CDI MEM «1 NYC An SARDONYX 0201 10/05 25/05 30/05 30/05 30/05 30/05 30/05 30/05 01/06 01/06 Aft TOUMAifC 034 C 17/05 01/06 06/06 06/06 06/06 06/06 06/06 06/06 07/06 07/06 AftJAK 0201 "24/05 08/06 13/06 IVST" 13/06 13/06
      1,126 words
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      1718 31 ®HANJIN SHIPPING jikPl 4 fcMyntj. Sde 23W30 hamjin shipping (S)rn itd hn» (an kxxihg saik *****74 ;m docunht *****7111* opewtkms ********** mainum *****55 tu *****45 aw **********0* TO NW USA CANADA USA CANADA* FOB VSI/VOY lAM 5M LM HAU./VOY I SU I TIW 08t POI 51 Ssf HT DTT MEM
      1,718 words
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      195 31 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220 8558 CONSOLIDATION, WAREHOUSING, TRANSPORTATION, I HOUSEHOLD REMOVAL AND CAR TRANSPORTER LCL CONSOLIDATION SERVICE Ait affiliate of Mitsui OSK Lines /Hai Sun Hup Group CWUK Cm*ExmwssLaatsOcs PtaLtd destination _£ta spore 30 Boon Lay Swigapor* *****7 TOKYO/YOKOHAMA/NAGOYA/KOSC
      195 words
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      1688 32 DSR-SENATOR LINES TO UK/CONTINENT TO MEOTFERRANEANCANADA VESSit VOY mT UH IB IW HW IH» FU VESSEL VOT Ml 6tT SH FO» WX WW HANJM OSAKA 00S3W It OS 11* 26 06 M J1 06 01 06 02 01 MIfROOO SENATOR 06J6* IS 00 01 00 03 00 OB 00 07
      1,688 words
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      891 32 mjkm "lAC-NELS S PORE M'SIA Carrier: MM CONTR LINES, IMC P. GUOANG: (07) *****26 I I jVy V J C*NOiiaOM7BOOMI SBU: (084) *****9 MAMLA: (832) *****24 PBtANG: (04) *****36 BANGKOK: (862) *****87 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT. (21) *****46 KUCMNQ (062) *****1-3 HO CHI MINH GENOA/BARCELONA MV
      891 words
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      726 32 EXPRESS COWTAMEfI FEEDER FOR N SHEVA (CfS MULUNO. —MOM— ALSO ACCEPTING TO ALL NORTHERN AND WESTERN I C O TONfTJ Vnui S PORE N SHEVA COLOMBO P KLANG CAPE CREUS VIO6W 14 MAY 23 MAY 27 MAY 02 JUN CAPE CANAVERAL VI23W 21 MAY 30 MAY 03 JON M JUN
      726 words
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      812 33 BH VOY I HKfl I KHH I W I W I PX» I U BAM UK IRAN HESABI PCL-IS4 12/05 14/03 19/05 20/05 28/05 29/05 31/05 02/06 IRAN SHAHRYAR PCL-155 19/05 21/05 2«/05 27/05 04/06 05/06 07/06 09/06 IRAN BAABAEI PCL-156 26/05 28/05 02/06 03/06 11/06 12/06 14/06 16/06 IRAN
      812 words
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      1183 33 niw 1 -iSr MtSCT TO COLOMBO m I IN 5 MVS l¥i«Y WIXHSOAT J I l i G i!!J. S -l!L S,MGAPORE: 80ROIINSONRD TEL: 226 1900 FAX; *****08 OUTWARD (l/L) *****02 JOHORE OfFKE; PTE LTD #12 SALK/MGS *****57/43 INWARD DEPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD SINGAPORE *****8
      1,183 words
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      928 33 EXPORT I IMPORT I jgjj. 111 HJ SAN HANOSCO 017W 13/04 10/0* 02/07 03/07 04/07 05/07 o*/07 |HJ WASHMIGTON 02St 75/05 27/05 21/05 j 01/0* 11/0* "IlinillC transpacific SERVICE EXPORT IMPORT msa vot !sm ici oak !*coh«« ommob »nw vtssa vot Ig* om sm Siom :m_ ;i 1 j 04/04
      928 words
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      1042 34 WOPE/UK/SCAMMmyiA/FINLANP/KUSSIA SENVKSS EX KMT vessel/voyage Imp Iron wg }tmp zee urn lhv E Dmowowmir T47ST "8176T H7BTIS7S 04/04 07/06 07/06 E. DELUXE WT 01S 71/05 07/06 of/06 11/06 17/06 1 3/06 13/06 E DIVINE IW-010 a/OS 14/06 16/O6 )l/06 If/061 70/06 20/06 ALSO ACCEPTING CAKO TO AND FROM:- FINLAND DENMARK,
      1,042 words
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      Lock icon Page 34 Advertisements Column 2
      975 34 n r p ADVANCE CONTAINER LINES (PTE) LTD I TEL: *****21, FAX: *****19. TEI£X :RS ***** ACLPL CR NO. *****M0000E W FOR BOOKINGS PHASE CALL; *****22 SALfS A MARKETING *****21-2* IAWOKOK JAKARTA (7 tolltagOMM) vtssa voy an 10c vtssa voy sh I jkt BUr«AMAST\JJUH[f*vn 0037 9/5 lue 13/5 Sol UAOHE
      975 words
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      Lock icon Page 34 Advertisements Column 3
      392 34 SO TELOK BLANGAH ROM) #82-02 CfTWWT CENTRt STORE *****S TEL *****11 (6 lines) FAX: *****05 TLX: RS ***** Cfl NO. **********0W Vfssa wr n» EID OESINOVM NASUKWA I*2olo 07«/20N N4&.70M PKL BAIAM MAOUKWA 19.79W 11«/20M 12/05/2010 MUNTOK MABUKWA 20/2010 it/05/2001 PIL BAUU* ILMAMUI M/20M 17*5,7100 11/OV2OOI PONTIANAK For and bookings
      392 words
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      418 35 BSfl jl 'M MYANMA «BBk FIVE STAR UNE (Mymaar National Ink) Loading for Yaagoii VfSSCI VOY SIN PKI PEN PGU HPA-AN 267W SU) SAGAJNG 66W SU) MALAYSIA AGENTS: ROUSTEAD SHIPPING AGENCIES RUL IB (03)*****00 PKI; TU (03)3764)01 PEN: 18. (04) *****02 PGtfc TU (07) *****21/4 BANK LINE (A iifvki of
      418 words
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      Lock icon Page 35 Advertisements Column 2
      1222 35 HYUNDAI MERCHANT MARINE CO., LTD. [VESSa VOY SM SOU lIM RTM I ANT I NAM IMV IVBSB. VOY I SOU I LBI I RTM I ANT 1 HAM IMV 1 TttlsM HYFBGUL 324W 09/05 31/05 24/05 25/05 27/05 TYM 516( 21/04 22/04 14/04 11/04 09/05 THAMES 561W 11/05 29/05 03/06
      1,222 words
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      644 35 v\ftv WALLENIUS WILHELMSEN aL^ TO NO*™ AND lATIN AMERICA *o*o HEAVYUFT SiRVKE* VESSEL VOT I RAMP HEIGHT SIN LBC MAO IMU SAV BAI Otf NTC NEW MM TARONGA AHOIO 400 tan 6.3 M INPORT 09/06 17/0* 20/06 22/06 24/06 2S/06 27/06 01/07 06/07 TAIKO AHOII 400 feat 6.3 M 26/05
      644 words
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      1769 36 VESSB-S VOY |SN I PKL JED MLA l£H KTM HAM Zg 30T VILLE D* AQUARIUS U37W 15/06 ifl/06 24/06 28*06 03/06 06/06 06/06 07/06 08*36 VILLE DANTARES L37W 22/06 23/06 01/06 06/06 11/00 12/06 13/06 14/06 IMB VIXEDEVWQO ~SSfr~ 2MB 3M6 "ISBW IMM aw SAUDI JEDOAH NWW OU» 15« 19/06
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      56 39 J^Tji l^ 1 Shantou, Dongshan, STL CONTAINER LINE ZhangZhou For Services To Vietnam Calcutta Tum to Pg 3 Mon/Wed/Fri Pg 7 Worldgate Express Lines STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers Weekly FCL/LCL New Europe To eastlmalaysia i dd a l 5 5. east/ PORTS 3.t. As IA service
      56 words
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  • Page 41 Miscellaneous
    • Miscellaneous
      Lock icon Page 41 Miscellaneous Column 1
      121 41 lliF LEGEND: Issued by Meteorological Service Singapore R Thunderstorm A Showers Rain Temperature Wind direction and speed in knots Cloudy Day Wea,her Uq^v Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds -i—UDne half Heche represents 5 knots j Moderate, 1 2m
      121 words
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