The Business Times, 23 May 2000

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Total Pages: 42
1 42 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 035/12/1999 85C SINGAPORE Internet: http://business-times.asial .com.sg/ TUESDAY, MAY 23, 2000
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  • 71 1 sa *****8 (-62.54) BT-SRI 728*30 (-22.96) smsci FUTURES 25&20 (-7.30) STOCK BASKET INDICES Monday Change KLSE COMP 983.47 -17.15 MKKEI *****.01 -472.16 HANG SENG 14,***** -***** SET INDEX 533.36 -10.04 JAKARTA COMP 499.77 -9.64 MANILA COMP —1.***** -66.59 TAIPEI WP1 8507.57 -12.78 SEOUL COMP .691.61 -39.07 CLSA CHLNA
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  • 79 1 FOREX BATES USS St USS 1.727 Sfl'SS/SS per 1.488 15«7 El.'RO(l T SS/SS/E) 0.902 1557 DM 2.169 0.796 YEiN 107.0 1.614 RM 3.800 0.455 HKS 7.790 0522 BAHT 3901 0.044 RUPIAH 8522 0.021 SS to 100 units PSOEE BATES SINGAPORE* 5.80 KIALA LUMFIIR 7.67 JAKARTA 39.06 BANGKOK 3M MANILA
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  • 674 1  -  Chairman, CEO highlight company's achievements, cite Thai deal success Reports by Teh Hooi Ling [SINGAPORE] A management shake-up at Singapore Telecom because of recent failed deals? Nah, you've got to take it in your stride. Sing Tel chairman Koh Boon Hwee, responding
    SIEW YAW HOONG  -  674 words
  • 768 1 Net earnings of $1.85b in line with analyst expectations [SINGAPORE] Singapore's largest listed company, Singapore Telecom, yesterday reported its first ever fall in full-year earnings a 5 per cent slide in net earnings to $1.65 billion for the year ended March 31. The
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  • 708 1  -  COMMENTAKT There's scope for fine-tuning, but the real significance of the enhanced stock option scheme announced yesterday goes beyond the numbers, says Kenneth James Kenneth James OKAY, so zero tax on stock options was never really on, the heartfelt appeals from some of our high-tech entrepreneurs notwithstanding.
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  • 759 1  -  BIWtHl.kH'isi CEO says it's vital for self-renewal, to get fresh talent in By Siow Li Sen [SINGAPORE] Not content with booting out the senior citizens on OCBC Bank's board, Alex Au is going for the next radical step fixing the tenure of the
    CHRIS LOH  -  759 words
  • Page 1 Advertisements
    • 144 1 DfSTOE ASIAN BOURSES HIT Reportm, Page 4 Arts Fest Classical music versus the avant garde: the experts' choices Page 26 IPOs brought forward, Next Page Hook Look Slew: Good for Virgin, but not for Sing Tel? Pg4 111 8 WISV'SOOOCK 8 For related stories recently published in BT, go to
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    • 12 1 Dr Hu on the new scheme, Next Page TOMORROW Banking Finance Supplement
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  • NEXT page
    • ON THE grapevine
      • 61 2 THE Singapore Exchange has some rather useful education programmes. While checking them out, Grapevine chanced upon a client advisory workshop for trainee brokers and dealers which teaches, among various things, "telephone etiquette" and "lingo used". It's good to know that the exchange looks at basics. You'd be surprised
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      • 82 2 FOR expansion-minded companies in the West, one way of getting a toehold in the fast-growing Asian market is to buy a stake in a firm here. One such tie-up, announced recently, seems to have been made in heaven or at least influenced by the planets. Strategic Intelligence, a
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      • 70 2 THERE was quite a bit of excitement at Catcha.com's financial roadshow held at the Westin Stamford yesterday, sources said. The event was jam-packed, and many had to be turned away because there was not even standing room. If this is an indication of the company's initial public offer,
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      • 77 2 THEY are still talking those journalists who covered a press event last Friday where the Virgin group's Richard Branson was present. It seems the PR-consummate Branson smilingly answered every question, never mind how minor or repetitive, and was unfailingly gracious and upfront. That was quite a
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    • 694 2  -  Move to help startups attract talent welcomed by MPs, entrepreneurs rty Marissa Chew [SINGAPORE] Minister for Finance Richard Hu yesterday announced a new scheme that will only tax half the gains an employee makes from exercising stock options. The scheme was welcomed
      FILE PHOTO  -  694 words
    • 433 2  -  Overseas ventures have a market value of more than $7b By Teh Hooi Ling [SINGAPORE) Singapore Telecom has brought forward the planned listings of three of its subsidiaries to this year, some 12 months earlier than it had first indicated, said its chairman
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  • Page 2 Advertisements
    • 264 2 IX The Hull MBA OF HULL MBA (General) 28th Intake Starting Soon! ,r^v "Ranked Among Starting in Singapore •29 May 2000 f "session SsS MBA (Investment Finance) 10th Intake Universities, 1999" Starting in Singapore July 2000 UNIVERSITY OF SOUTH AUSTRALIA "Ranked Among Australia's Best Universities" PhD MA/BA Doctor of Philosophy
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    • 49 2 More Parliament reports, Pg 8 Alt you need is am m /7 email, f- SV7, outlay jps to attract the ,■< YV b/g bucks 1' I >Q/V helps you roach the masses cost-effectively ($8.40* per col cm). _Kr Call 1800-737-11 M for attention. MCMSFIMX%SZ9 CZ~\ I 'Smhtrd to r*. (ST
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  • Page 3 Advertisements
    • 176 3 v v a y "MM. > 4» f f TilcF mmm •r PATEK PHILIPPE ;a x s&Sfc ?tffl i >.' ■M y J PCKICV/C GENEVE <' y Begin your own tradition.'Ais' 7-"*: y 8 Ir-* fc I BWi L fck Ma a. Jr B A H Afl V Kytl K.
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  • Page 4 Advertisements
    • 307 4 ABNAMRO NEW APPOINTMENTS I ABN AMRO is pleased to announce the following new appointments: Mr. Michael Hood has joined ABN AMRO Asia Pacific's regional office as Regional Head of Credit Risk Management and Deputy Chairman of the Asia Pacific Credit Committee (APCC). Prior to this, he was Head of Risk
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    • 7 4 Keppel Harbour project faces hurdles, pg 10
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  • SINGAPORE companies
    • 552 4  -  Revision of differential premium raises potential profit to $700m-$l -lb ify Lee Han Shih AFTER Five months of intense negotiation, listed Keppel Corporation has managed to knock $108.1 million off a land levy for its huge waterfront project in the southern part
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    • 609 4  -  MARKET FOCUS Wail St volatility, fears of liquidity drain hit sentiment Ven Sreenivasan THE Singapore stock market crashed through its key 1,980point support level yesterday to close at its lowest in almost a year, weighed down by interest rate
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    • 323 4  -  From Macabe Keliher in Taipei WITH regional markets in free fall and heavy selling pressure in the US, Taiwan investors consolidated yesterday, choosing to stay on the sidelines and watch the main bourse move sideways to close almost unchanged. Government funds have been pumping
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    • 581 4 Bloomberg Reuters [TOKYOJ Asian stocks tumbled on the back of the latest sell-off in technology shares on Wall Street and concerns that US officials would increase interest rates again. Japan's Nikkei 225 stock average fell 472.16, or 2.8 per cent, to 16,386.01, its lowest
      Bloomberg; Reuters  -  581 words
    • 331 4  -  Prom Al Labita in Manila LIQUIDITY on the Philippine bourse is fast thinning out as foreign and local funds take flight from the flurry of bomb attacks in Metro Manila. The key market barometer tumbled 4.5 per cent yesterday to a 1996 low. The
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    • 807 4  -  HOCK Catherine ong SINGAPORE Telecom's latest US$l billion (551.73 billion) deal with Richard Branson's Virgin group does not pose as huge a downside risk for the local carrier as the headline-grabbing figure makes it appear. Financially, the actual cash involved is a drop
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    • 436 7  -  The carrier's overall load factor for April rose 4 percentage points year-on-year Bu Conrad Raj SINGAPORE Airlines has continued to fill more seats and cargo holds, lifting its overall load factor in April up four percentage points. If this keeps up, and yields
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    • 265 7  -  By Tay Shi'an ELECTRONICS and IT products distributor Achieva Ltd is offering 103.54 million new shares at 22 cents each. Of these, 21 million shares are for the public, while the rest to be placed out. The placement tranche includes 8.254 million
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    • 247 7 ADROIT Innovations, which counts Creative Technology as a substantial shareholder, and Hongkong-based North 22 Technology Services Group have received approvals to list on the Singapore Exchange's mainboard. Adroit is a homegrown one-stop Internet solutions provider while North 22 is a major
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    • 454 7  -  IPO foods will help company muscle farther ioto existing markets By Joyce Koh TT International, which received in-principle approval to list on the ma inboard yesterday, plans to raise between $22 million and $26 million from its initial public offering. The money will be used
      ARTHUR LEE  -  454 words
    • 229 7 ASIAONE, the Internet arm of Singapore Press Holdings, is to announce the launch of its initial public offer (IPO) today. The company hosts and markets the online editions of the newspapers of the SPH group, including The Business Times. Its Web site is one
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  • Page 5 Advertisements
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  • SINGAPORE markets
    • 417 6 Stocks Votum# SingTel 15c 12,522,000 NatEleclOc 11,211,000 ChewEuHock 20c 10,383.000 NatSteel50c 6,925,000 Food Empire 5c 6,393,000 NOL 6.354.000 Twinwood5c 6,135,000 Omni Ind 10c 5,355,000 IPC020C 5,292,000 ThaiViage 5c 5.096.000 NatEleclOc 61,279,368 DBSGrp 41.593.233 SPH 37,559.291 Chart Semiconductor 26c 33,354,778 SIA 28.421,636 SingTel 15c 28,150,187 OC8C 25,415,191 OUB 19,202,912 TAC Bt10
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    • 541 6  -  STOCKS ven sreenivasan SINGAPORE'S key stockmarket index crashed to its lowest level in 11 months yesterday, spooked by interest rate fears and volatility on Wall Street. The Straits Times Index fell through its critical 1980-points near-term support level to an intra-day low
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    • 191 6  -  WARRANT WATCH i*y Ven Sreenivasan LABROY Marine's warrant was one of the biggest percentage gainers yesterday as it rose 1.5 cents or 8.1 per cent to 20 cents. A decent 216,000 units changed hands. Meanwhile, the underlying stock dipped another half
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    • 250 6  -  HOT STOCK By Wong Wei Kong SHARES of Nat Steel Electronics Ltd (NEL) tumbled again yesterday, with the stock finishing among the biggest losers and as the session's second most active issue. NEL shares fell 35 cents or 6.2 per cent to $5.30. The
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    • 135 6 ♦SING ATRONICS will hold its AGM on June 6, at 11 am, Mandarin Singapore. ♦MEDTECS International Corporation will hold its AGM (Hi June 5, at 2 pm, the Westin Stamford and Westin Plaza. ♦ASCOTT Limited announced the resignation of Christopher Tang Kok Kai as director of the company
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    • 356 6  -  CURRENCIES larry wee THE Japanese yen was the clearest beneficiary of another weak showing by US stocks at the end of last week, leading to gains not only against the greenback but also weaker G7 currencies. Most regional currencies rose
      Source  -  356 words
  • Page 6 Advertisements
    • 87 6 Net Funds for Unit Trust Advice. 7" Log on to Net Funds via www.netresearch-asia.com With the latest information on Unit Trust Trends and Outlook, Weekly Fund Scoreboards, Reviews and Comments on Unit Trust Performances, Managing Your Money and Smart Strategies, Up-to-date Data on Your Unit Trusts and more, you will
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    • 5 6 flexible financing at 323-3955 BJORSBANK
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  • Page 7 Advertisements
    • 301 7 Solutions. Forward thinking small businesses search for them. m mmml t «ii:,.u»* r» k> Intel* Pentium* 111 processor 600 Mhz *0 QQQ To be more efficient. To be more (dual processor capability) o,stt»s* productive. And IBM provides them. B B H M r r 9.1G8 Wide Ultra SCSI 2 hard
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  • SINGAPORE news
    • 336 8  -  By Anna Teo THE number of working days does not explain entirely the weak April trade figures, says Nomura Singapore economist Adrian Foster. But positive global trends in the electronics industry suggest that April's weakness will not persist, though the industrial production numbers in the
      Source: C and B  -  336 words
    • 597 8  -  PARLIAMENT BG Lee says NWC looking at managing foil restoration By Marissa Chew GIVEN a strong first-quarter economic performance, the National Wage Council is now discussing how to manage a full restoration of the CPF employer cuts, Deputy Prime Minister Lee Hsien
      FILE PHOTO  -  597 words
    • 202 8 STARHUB has signed an agreement with Suntec City Development to wire up the entire Suntec City complex with its broadband fibre optic cable infrastructure as well as to provide a host of telephony services to its retail and office tenants. The
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    • 305 8  -  Kalpana Rashiwala THE Hillington Green and Yishun Sapphire condos drew encouraging weekend sales, which market watchers say are due to the fairly attractive launch prices. Hong Leong Holdings sold 26 units of its 999-year leasehold Hillington Green at Hillview Avenue, bringing
      FILE PHOTOS  -  305 words
    • 548 8  -  Genencor, Mallinckrodt and Tricon receive awards, bringing total number of such firms to 180 By Tay Hong Seng PHILIP Yeo, chairman of the Economic Development Board, yesterday presented the Business Headquarters award to three life sciences companies, bringing the total number of companies
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    • 291 8 THE Nanyang Business School at Nanyang Technological University yesterday launched a three-year collaboration with the accountancy department of the University of Illinois. It hopes to enhance its undergraduate accounting curriculum by adapting the latter's experiential learning programme, Project eryUnder this collaboration, five University
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  • MAIL bag
    • 485 9  -  Ang Hao Yao OVER the last two months, stocks like Nat Steel Electronics (NEL) and JIT have been pummelled by the market. NEL fell from a high of over $12 in March to under $6 last week and, at the same time, JIT fell
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    • 437 9  -  George Juay I REFER to the reply by Tan Beng Lee, CEO of Great Eastern Life (GE), on the restoration of GE's bonus dated April 25. Mr Tan stressed the importance of maintaining a stable bonus rate for all policy-hold-ers. Indeed, as a GE policy-holder,
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    • 217 9  -  Lim Boon Heng MP for Bukit Timah GRC YOUR reader Seah Leong Khai (Mailbag, May 20) gives us an opportunity to explain once again why the Ulu Pandan Community Club is housed in such a big building in Ghim Moh. Some time ago.
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    • 197 9  -  Ooi Hui Mei (Ms) Deputy Director (Public Affairs) for Chief Executive Director People's Association Singapore I REFER to the letter "Why does PA need such large buildings for CCs?" from Seah Leong Khai (BT, May 20). The 10-storey building mentioned by
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    • 104 9  -  Low Sze Hong Sherman WITH June 1 drawing close, I am one of those who will be terminating my account with DBS. With so much emphasis by DBS encouraging the use of electronic banking, I am disappointed it only allows termination of
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  • Page 9 Advertisements
    • 159 9 Mteioaoft J If -h Ip?*# m If i T r -r: vV.- i- ■'■'•*■;*s #■£■?•&> r; v.'~-v v'" i V*'& 3ss?''*<\ s•> i [S- y.s7t>s ;■■*>*■ ffil -«J i--7 4 £f- -v™. 1 '■*sm"< t-V- •.••■Ck. .9* •v. KJ A. »%•<'•*,•. V "What men really want "Why not both?" is
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    • 36 9 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.
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  • FOCUS property
    • 645 10  -  JfIRSTnTnTTiTI PROPERTY Shareholder expectations, market sentiment, rivals' pricing weigh heavily on KepCorp lee han shih THE good thing about a listed company setting targets is that it gives shareholders something to look forward to. The bad thing about it is that shareholders tend to remember
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  • Page 10 Advertisements
    • 271 10 HUKHOiL WJILT FACTORY Built in: 54,692 sf M £3 Land area: 52,4975f Tenure: 60 yrs from 1981 p i Sale with vacant possesion For more details, kindly contact Joint Marketing Agents: Knight WM T an Kok Eng Frank Property Consultants 228 6894 251 7387 t flKh J°nes Lang WJ LaSalle.
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    • 381 10 WHAT YOU'D EXPECT FROM US; LATE CHECK-OUT. (24 HOURS LATER.) Manila's finest hotel is now making an offer even the most prudent person can't refuse. St.n tor two consecutive nights and yet your third night tree. Or, it it's not convenient to extend your >t.i\ thi> time, we'll give you
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    • 113 10 Freehold Site At Holland Road/Farrer Road For Petrol Station or Residential Development Site area of approx. 2,284 sq m Le «jon Zoned Residential with plot ratio Hts r*«wihhire 1.6, up to 12-storeys t U i. p oam Vacant land previously used as a petrol station °Ll a n d rq
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  • eNews
    • 318 11 HONGKONG Latecomer aims to be tops in Asia by combining local content, global reach Reuters LYCOS Asia yesterday entered the increasingly crowded Greater China Internet portal space with the launch of its Hongkong, Taiwan and mainland China sites. Lycos Asia, an equal joint
      Reuters  -  318 words
    • Article, Illustration
      103 11 Harvard dropout awarded honorary doctorate by Japanese university Reuters [TOKYO] Bill Gates, known as the world's wealthiest man, will soon be "Doctor" Bill Gates. The Harvard dropout who later became one of the founders of the too-successful computer software giant Microsoft Corp, will be awarded an honorary
      Reuters  -  103 words
    • 129 11 NEW YORK Bloomberg WEBMETHODS Inc, a maker of Internet language software, agreed to buy Active Software Inc for about US$l.3 billion (552.24 billion) in stock to add business-to-business electronic-commerce programs. web Methods will swap 0.527 of a share, valued at U5545.85, for
      Bloomberg  -  129 words
    • 364 11 LONDON Net Imperative's demise follows that ofboo.com Reuters NET Inperative Ltd, an online community and information resource for Internet professionals, has collapsed, while another British online company, Scoot.com pic saw its share price fall by more than 15 per cent yesterday. Net Imperative's demise follows
      Reuters  -  364 words
    • 353 11 SEATTLE Reuters INTERNET media software firm Real Networks yesterday launched new versions of its popular audio and video programmes, wrapping them into a single package of easier controls and guides to find everything from music to movies on the Web. The new package, called
      Reuters  -  353 words
    • 675 11 Internet retailers must overcome huge investment and cultural challenges in their bid to sell to customers worldwide NYT FALLING stock prices are not the only numbers giving e-commerce executives heartburn these days. Equally unsettling to some Internet merchants is the flood of statistics suggesting that
      NYT  -  675 words
    • 355 11  -  From Quak Hiang Whai in Hongkong BOOM.COM, a Hongkong-based online discount broker, has secured an US$B million (5513.8 million) strategic investment from Australia and New Zealand Banking Group. ANZ joined a group of other investors in Boom.com, which now include Silicon Valley pioneer Bill
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  • EDITORIAL & opinion
    • 677 12  -  OPINION THEHBi rTnTT«i»iln»ri al labita The writer is BT's Manila correspondent IT IS almost a month now since Islamic extremists abducted 21 foreign tourists in Malaysia and hauled them off to the Philippines. There's no sign yet if the extremists will ever set them
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    • 139 12 'She doesn't care how people will react She says and does exactly what she believes.' a*. Jo Chug a Taiwanese lawmaker, on new Vice-President Annette Lu. These may all be significant excesses in effect supporting each other and at some point, somethings going to give. And when
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    • 565 12 EDITORIAL THE US House of Representatives is scheduled to vote this week on whether to grant China what's now called permanent normal trade relations (PNTR) status. This will be in exchange for Chinese agreement to provide foreign products more access to its markets and is part of
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    • 1252 12  -  Reborn LTCB's M&s&moto Y&shiro has an enthusiastic approach that belies his 71 years By Anthony Rowley The writer is BT's Tokyo correspondent MASAMOTO Yashiro has one characteristic in common with the heads of other Japanese banks in that, as he
      FILE PHOTO  -  1,252 words
    • 784 12 Barak out of time THE explosion of violence on the West Bank and the controversy surrounding the secret Palestinian-Israeli talks in Sweden are signs that time is running out for Ehud Barak. The Israeli prime minister came into power with the idea of an all-encompassing agreement.
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  • MALAYSIA news
    • 498 13 Mahathir rejects resignation, denying the MCA has been short-changed Reuters [KUALA LUMPUR] The head of Malaysia's second biggest party yesterday said he planned to quit the government, sending political shivers through Prime Minister Mahathir Mohamad's coalition and financial markets. The Kuala Lumpur Stock
      Reuters; FILE PHOTO  -  498 words
    • 291 13 KUALA LUMPUR Bloomberg TIME Engineering, struggling to repay RMS billion (552.3 billion) of debt, may need to borrow more money next year. According to documents obtained by Bloomberg News, Time faces a net cash shortfall, with revenue from operations insufficient to cover its
      Bloomberg  -  291 words
    • MARKET moves
      • 113 13 MALAYSIAN stocks failed to stage a rally yesterday despite the confirmation of its re-entry in the Morgan Stanley Capital International indices in eight days. Most of the heavyweights gave up a big chunk of the gains chalked up late last week. Telekom Malaysia shed 40 sen to RMI4,
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      • 117 13 The Star Publications, which is controlled by the Malaysian Chinese Association (MCA) through Huaren Holdings, is not expected to come under selling pressure despite the shock resignation of Ling Liong Sik as a cabinet minister. Dr Ling will retain his post as president of MCA. The political party
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      • 105 13  -  Compiled by Eddie Toh Malaysian tycoon Tsyudin Ramli will unveil his e-com-merce plans today for his stable of companies Naluri, Malaysian Airline System (MAS), Technology Resources Industries (TRI) and subsidiary Celcom. However, the market is not expected to be too excited over Mr Tajudin's e-commerce plans unless
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    • 452 13  -  The casino owner's stock falls on cash depletion concern hYom Eddie Toh in Kuala Lumpur RESORTS World Bhd, the owner of the sole casino in predominantly Muslim Malaysia, fell 50 sen to RM 13.80 yesterday on concern that it may deplete its
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  • Page 13 Advertisements
    • 14 13 For details, please call owner nl Telephone IlP*| 437 6853 437 6872 534 3132
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    • 372 13 "Dominant in all tiers of Banking 1999 Askmwney Singapore Equity Deal of the Year Singapore Of -V semiconductor manufacturing C/i Telecom lUJ Chartered Semiconductor Singapore Housing Manufacturing Telecommunications Development Board SGD 300 000 000 U.S. $575,000,000 has *>!«, its 20% stake in 3.875% Bonds due 2004 Initial Public Offering Netcom
      372 words

  • SOUTH east asia
    • 425 14 JAKARTA Analysts say companies like Indofood could be hit by law due to be in force from June Reuters INDONESIA'S chief economics minister Kwik Kian Gie yesterday assured business groups that the country's new anti-mo-nopoly law, due to come into effect from
      Reuters  -  425 words
    • 286 14 JAKARTA Reuters Bloomberg HASYIM Wahid, the brother of Indonesian President Abdurrahman Wahid, embroiled in accusations of nepotism, has resigned from the country's bank rescue agency. "He has handed in his resignation letter," Cacuk Sudarijanto, chairman of the Indonesian Bank Restructuring Agency (Ibra), said
      Reuters; Bloomberg  -  286 words
    • 615 15 BANGKOK Bat it warns nations against seeking a return to spectacular growth Reuters AFP WHILE saying that Asia's economic crisis is unlikely to recur, the UN has warned countries of the region against seeking a return to spectacular growth rates achieved
      Reuters; AFP; REUTERS  -  615 words
    • 430 15 BANGKOK Tycoon has a fair chance of toppling Thai PM: analysts Reuters AP WITH Thailand's general election due by November, telecoms tycoon Thaksin Shinawatra is revving up his challenge to try to sweep Prime Minister Chuan Leekpai's Democrat Party-led government out of office. "I
      Reuters; AP; FILE PHOTO  -  430 words
    • 265 15 JAKARTA AFP INDONESIAN President Abdurrahman Wahid said yesterday his government was planning to ease visa procedures and extend residence permits in a bid to lure overseas investment. Speaking after meeting 120 former Chinese-Indonesians who had adopted Chinese citizenship, Mr Abdurrahman said the government
      AFP  -  265 words
  • Page 14 Advertisements
    • 136 14 Br- i£SE32SE2 ff£jVV\ Early delivery pjEMf[ Lower price WSJ.com updates °gg—- ufif it. < Up to 50% Savings with the Hyatt Great Deal Rfe* j An d they say money can't buy happiness) From June 1 to August 31, 2000, at selected hotels across the world, we're offering the same
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  • Page 15 Advertisements
    • 265 15 mk l n the heart of Singapore, beats the soul of neiv jJsia. Vibrant yet serene. Modern yet traditional Expressive yet understated. More just a place, it's a state of mind. It's not quite £ast. It's not quite West. But it's where each can be sublimely comfortable. With themselves. with
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  • ASIA news
    • 318 16 TAIPEI Roles could be relaxed if Bering shows goodwill: new economics minister Reuters TAIWAN'S new economics minister said yesterday he would take a "moderately cautious" policy towards investment on mainland China but held open the prospect of loosening investment restrictions. Minister of Economic Affairs Lin
      Reuters  -  318 words
    • 209 16 AFP [TAIPEI] Taiwan's over-the-counter (OTC) stock market was renamed Taidaq yesterday to emphasise its heavy weighting of technology stocks, an official said. "The name Taidaq suggests the similarity with Nasdaq in the US in the nature of the listed shares," OTC Securities Exchange
      AFP; AP  -  209 words
    • 226 16 HONGKONG Reuters Bloomberg CHINA Merchants Holdings (International) Co Ltd will sell a 40 per cent interest in a toll road, the Guiliu Expressway, to its China partners for HK5929.83 million (*****.1 million). It is understood that the company is selling its stake because
      Reuters; Bloomberg  -  226 words
    • 310 16 NEW DELHI Reuters INDIA has proposed to abolish all restrictions on foreign direct investment (FDI) in power generation, transmission and distribution projects, according to The Hindustan Times. Under a power ministry proposal, all mega power projects will be given automatic
      Reuters  -  310 words
    • 323 16 HONGKONG Reuters CIVIL engineering and construction company Hong Kong Construction (Holdings) yesterday reported a loss of HK$l.2l billion (*****.3 million) last year due to large write-offs, mainly of its China investments. "We haven't made any provisions since 1998...we've taken this opportunity
      Reuters  -  323 words
  • Page 16 Advertisements
    • 1574 16 m CHINA EVERBRIGHT PACIFIC LIMITED NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Annual General Meeting of the Company will be held at Marina Mandarin Singapore, Libra/Gemini Room, Level 1, Raffles Boulevard, Marina Square, Singapore *****4 on Wednesday, 7 June 200 at 2.30 p.m. to transact the
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  • Page 17 Advertisements
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  • WORLD news
    • 805 18 WASHINGTON It isn't all downhill; yon get rallies bnt they're brief and they don't hold; trading volume dwindles LAT-WP THIS stock market is making many people poorer by the day. Others are facing perhaps a worse fate: The action in
      LAT-WP  -  805 words
    • 269 18 CHICAGO Seller Aegon could get up to USs3.Bb for Transamerica Finance Bloomberg GE Capital Corp may buy the commercial lending unit of Transamerica Corp from Aegon NV for between US$l.9 billion (553.3 billion) and US$3.B billion as early as June, Crain's Chicago Business reported,
      Bloomberg  -  269 words
    • 414 18 LONDON Bloomberg BLUE Circle Industries Pic, which earlier this month fought off a hostile US$5.7 billion (559.9 Billion) bid from France's Lafarge SA, said it has held "early" merger talks with Southdown Inc, the sec-ond-largest US cement maker. The announcement followed a report
      Bloomberg  -  414 words
    • 559 18 OBXTTJARY Leaden'a GMm theatre renamed Gielgud in 19M in a rare tribute Reuters [LONDON] Hailed as one of the greatest theatrical figures of the 20th century, John Gielgud's imposing voice and masterly technique secured him a place among the world's finest
      Reuters; AP  -  559 words
    • 343 18 I LONDON French investment bank beats US rivals in earnings accuracy Reuters FRENCH investment bank Credit Lyonnais has been rated the most accurate earnings forecaster for Britain's top-100 listed companies for the second straight quarter, according to an independent survey. The AQ newsletter's
      Reuters  -  343 words
    • 304 18 BOSTON Bloomberg FIDELITY Investments' Magellan Fund collected 70 per cent more in management fees in the year ended March, as assets of the world's sec-ond-biggest mutual fund ballooned to US$lO9 billion (*****.2 billion). Boston-based Fidelity said in an annual letter to Magellan
      Bloomberg  -  304 words
    • WORLD Watch
      • 77 18 AFP [PARIS] Worms et Cie, a holding company controlled by Italian family Agnelli, said yesterday it had made a £2.19 billion (515.6 billion) friendly takeover bid for British paper maker Arjo Wiggins Appleton. Worms et Cie, which already owns 40 per cent
        AFP  -  77 words
      • 81 18 Reuters [TOKYO] Two major Japanese banks have swung into the black but analysts said bad debts may still lurk under the healthy earnings. Sumitomo Bank Ltd said it posted 176.48 billion yen (SS2.B billion) in parent current profit for the year to March, against
        Reuters  -  81 words
      • 78 18 AFP [AMSTERDAM] Dutch telecommunications group United Pan-Europe Communications has aborted its proposed acquisition of SBS Broadcasting. "Because erf the continuing turmoil in the financial markets, we have reluctantly taken the decision not to proceed with the acquisition of SBS," UPC chief executive Mark Schneider said.
        AFP  -  78 words
    • 411 19 MELBOURNE Bloomberg AUSTRALIA'S central bank governor lan Macfarlane yesterday said economic growth is slowing, while inflation should stay in the bank's target range, signalling the bank may not be planning to raise interest rates any time soon. That helped push the currency down more than
      Bloomberg  -  411 words
    • 622 19 TOKYO Miti's all-industries index up 0.3% in Ql, bat robust ontpat is expected to wane Reuters JAPAN yesterday received fresh evidence of strong economic growth in the first three months of this year, although the government and economists expect the
      Reuters; AFP  -  622 words
    • 332 19 TOKYO It could help in privatisation of assets to relieve debt: analysts AFP JAPAN'S government is considering creating a balance sheet for the state, listing assets such as ships and aircraft along with income and spending, an official said yesterday. The corporate-style
      AFP  -  332 words
    • 589 19 WASHINGTON US House members who back trade pact concede they don't have the numbers yet Reuters THE battle in a bitterly divided US House of Representatives over commercial ties with China entered its final week with the Clinton administration
      Reuters  -  589 words
    • 528 19 LONDON Lower sales, yen rise cited; new models also seen necessary Bloomberg TOYOTA Motor Corp, Nissan Motor Co and Honda Motor Co, Japan's largest carmakers, are under pressure to reduce costs and introduce new models in Europe after they all lost money
      Bloomberg  -  528 words
    • 393 20 SEOUL Move aimed at boosting markets, bat stocks slide 5.3% to year's low Bloomberg KOREA will begin a 4.9 trillion won (557.5 billion) bailout of Korea Investment Trust Co and Daehan Investment Trust Co, two of the top three trust firms, earlier than
      Bloomberg  -  393 words
    • 236 20 SEOUL Reuters SOUTH Korean President Kim Dae Jung yesterday named the leader of his former coalition partner as the new prime minister in an effort to shore up his minority position in the country's fractious Parliament. Chief Presidential Secretary Han Kwang-ok said
      Reuters  -  236 words
    • 414 20 SYDNEY Central bank moves to protect forex reserves as businesses move funds out Reuters FIJI'S central bank yesterday strengthened capital controls after a political crisis prompted local businesses to try to move money offshore, the Pacific news agency, Pacnews, said. It said the Reserve
      Reuters; AP  -  414 words
  • Page 18 Advertisements
    • 162 18 30th May 2000 Holiday Inn Piark View 9.00 am 5.00pm Conducted by: WHO SHOULD ATTEND MACK PALOMAKI Service Developers All CVCTCU Software Developers AU-aTaTEM GSM Network Operators LUND, SWEDEN GSM Network Managers j —I Training Managers Fees 5J490.00 per participant IS /IT Personnel (Inclusive of lunch, 2 coffee breaks, Pfople
      162 words

  • Page 19 Advertisements
    • 161 19 The first key advantage is the effective reach of the Warehousing Logistics special feature. You will be advertising directly to more than 45,000 professionals, managers, executives and businessmen, many of whom require warehousing, logistics and transport services. Then take advantage of the editorial ambience. With its focus on the latest
      161 words

  • Page 20 Advertisements
    • 2028 20 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 TONG MENG INDUSTRIES LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Fifth Annual General Meeting of the Company will be held at 47 Hill Street #05-02, Chinese Chamber
      2,028 words
    • 525 20 IN THE MATTER OF THE COMPANIES ACT, CAP. SO ANO IN THE MATTER OF DARWW INVESTMENTS (SINGAPORE) CO. PTE LTD (Incorporated in the Republic of Singapore) Notice of Appointment of Provisionai Liquidators Pursuant to Section 291(4) of the Companies Act, Cap. 50 NOTICE IS HEREBY GIVEN that pursuant to a
      525 words
    • 588 20 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 1826 of 1999 In the matter of Section 310 of the Companies Act (Cap 50) And In the matter of YAMAICHI SECURITIES (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) (RC No. *****3159/R) NOTICE OF ADVERTISEMENT NOTICE IS HEREBY
      588 words

  • FINANCE & commodities
    • 274 21  -  SGX Derivatives tmßSagßeports MSCI Singapore Index Daphne Tay THE Singapore stock market ended sharply lower yesterday as fears of further US rate hikes continued to haunt the market. Sentiment was further depressed by the lower-than-ex-pected AprU non-oil domestic export data, which showed a rise of
      274 words
    • 280 21  -  MSd Taiwan fixtures Chan Yet San THE Taiwan stock market ended down yesterday despite a smaU rebound earlier in the day from Saturday's nosedive. The Taiex closed with a loss of 12.78 points or 0.1 per cent at 8,807.57 points. Turnover was modest, at
      280 words
    • 145 21 ENERGY REPORT Reuters [LONDON] Oil eased yesterday as dealers gained confidence that Opec would hike output if necessary to curb a renewed upswing worrying key consumer the United States. London July futures for benchmark Brent were 33 US cents, or one per cent,
      Reuters  -  145 words
    • 333 21 AFP London THE euro yesterday held slightly above record lows it tested against the dollar last week with trade cautious ahead of a European Central Bank policy meeting later this week and on concern over volatile US stocks. Few analysts expect ECB policymakers meeting on Thursday to match
      AFP  -  333 words
    • Article, Illustration
      1178 21 MTERBAMK CROSS RATES Uay2 2 m q M Hr D» H« todt»t»tO Yw ml Ml «2$Nfcb Hm lawd Sir MTS »W Pmmt OSS Australia 0.857 4.755 0.636 4.M9 1243 4.444 25.195 47.685 0.60 6.481 2.177 1253 29.709 245M 0.990 4M9 0.987 17.600 ***** 0286 0573 r—*» 1*7 5.550 0.742 4566
      1,178 words
    • 1729 21 8ICOM FUTURES May 22 RUMCR (Mures ctostaq m d SJ0p«) RSS 1 ctife/ty dOM Votano Open lloofli Mqk Low Sott (tww) Mortt Jw 00 MlOO MOO 1»J0 400 Aag 00 120J0 400 SopOO 122.50 400 RSS 3 CONTRACT (US carttfe) VfliMM Opoa Monti! W|ll S«tt (ton) hitefrt JM 00 <7.00
      1,729 words

  • STOCKS east asia
    • 2817 22 HONGKONG AFP Q Hang Seng -***** HONGKONG share prices closed 2.3 per cent lower yesterday following the decline on Wall Street on Friday and amid concerns of further US interest rate hikes, dealers said. The key Hang Seng Index lost 337.53 points
      AFP  -  2,817 words
    • Article, Illustration
      994 22 AFP H Shenzhen B Intel +2J CHINA stocks rose in active trade yesterday with buying fuelled by euphoria over China's trade deal with the European Union and signs of easing tensions with Taiwan. The Shanghai B Share Index finished up 3.62 per cent, or 1.54 points, at 43.97 as
      AFP; Source: Credit Lyonnais Securities (Asia) Ltd  -  994 words
    • 339 22 AFP Q VP Index -12.78 TAIWAN share prices closed 0.1 per cent lower yesterday as selling pressure eased following Beijing's mild reaction to the new president's inaugural speech, dealers said. The Taiwan Stock Exchange Weighted Price Index slipped 12.78 points to 8,807.57. Turnover was NT598.36 billion compared to NT5125.90
      AFP  -  339 words
    • 1925 22 TOKYO AFP QMUmMS -***** SHARE prices in Tokyo tumbled 2.8 per cent yesterday to their lowest close in nearly a year in response to heavy falls on Wall Street at the end of last week, brokers said. The key Nikkei 225 Index
      AFP  -  1,925 words
  • Page 22 Advertisements

  • STOCKS klse
    • 8063 23 INDUSTRIALS Cmhmt prefects 2000 Last Vol Day Ca» High Low Company Sato '000 HUH Law W >— 420 310 Ajmomoto 378 6 >2 378 372 20.7 1535 158 91 Anqkavi 98 -05 10 98.5 97 5 W4.5 670 290 Apollo Food Hlg 530 5 17 530 530 12.6 212.0 3300
      8,063 words
    • 387 23 AFP kl Composite Index -1715 MALAYSIAN shares fell 1.8 per cent yesterday due to profit-taking after Wall Street's losses at the end of last week and local political developments, dealers said. The Kuala Lumpur Stock Exchange Composite Index finished at 933.47 points, down 17.15 points.The
      AFP  -  387 words
  • Page 23 Advertisements

  • SGX clob & regional stocks
    • 3222 24 Mm aMMMBMaMM i Hi rMMMn'MiW W———^————— BONDS WARRANTS w «mta *nml Ivtn U M [at M an laaMMa An M Cm liar Mk mom Ht# law Uh tah «ar CMt) W<* U» —TW Mil Maa iHbl Ml* Mm «irt|T Laft 80 17 1 3164 Acma W*****4.... ?l OS 315 23
      3,222 words
    • Article, Illustration
      796 24 AFP Qsrr Index -10JM THAI share prices closed down 2.9 per cent yesterday with selling across the board in line with regional weakness and following falls on US markets, dealers said. The Stock Exchange of Thailand Composite Index shed 10.04 points to close at 333.36, while the select SET
      AFP  -  796 words
    • 285 24 AFP n Composite Index -6639 THE Philippine Stock Exchange Composite Index fell 4.5 per cent or 66.59 points yesterday to close at 1,412.09, a new 19-month low. Turnover rose to 2.69 billion shares worth 935 million pesos from 1.47 billion shares worth 1.16 billion pesos on Friday.—AFP M«y 22
      AFP  -  285 words
    • Article, Illustration
      695 24 AFP D Composite Index jij JAKARTA share prices closed 1.9 per cent lower yesterday amid regional market weakness and rising concerns about further interest rate hikes in the United States, dealers said. The Jakarta Stock Exchange Composite Index closed down 9.64 points at 499.77 on volume of 500.8 million
      AFP  -  695 words
    • 283 24 AFP □MBE-40 -19.08 THE NZSE-40 Capital Index lost 19.08 points to close at 1,993.25 on light turnover of NZ$6l million. Merrill Lynch's Richard Leggat said the day's losses were caused by US and European markets weakening on Friday, and softer Australian and Asian markets. —AFP May 22 H r«00)
      AFP  -  283 words
    • 573 24 AFP nuoijjggjj, ju AUSTRALIAN share prices fell 1.2 per cent yesterday with sentiment undermined by uncertainty over US interest rates and the volatility of US markets, dealers said. The All Ordinaries Index shed 36.4 points at 2,969 while the SP/ ASX 200 Index lost 36.8 points at 3,002.3. Volume
      AFP  -  573 words
    • 306 24 AFP QOonqpodte Index -39.07 THE Korea Stock Exchange Composite Index lost 39.07 points to close at 691.61. Volume was 175.3 million shares worth 1.6 trillion won. AFP jjgjj *t MmSMH «5S0 "50 Br»<n Ttch 8*0 -80 Central Bon* •000 uncti CMMCMMt *****0 -9500 DM GU BH* 1650 no Danmt
      AFP  -  306 words
  • Page 24 Advertisements
    • 45 24 I NeptnneoriCTtLin Limited I IPO. Shares. Bonds. Stocks. Annual Reports. I I Whatever you're offering, we help you reach out I I to 86.7% of all adults In Singapore daily. I I The Straits Times The Business Times Lianhe Zaobao Berita Harian Tamil Murasu 1800-741-1883
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  • 8153 25 SGX MA1MB0ARD Transaction date: May 22 Or 6r M «t urn Laat V«i Day LaatOuata Dtv M* YM MM Cm *5 t—I f WW Cl«»»y XH fOOOt t— CV M WrtM 182 95 m c WOO Acma 50c 122 cd -4 139 124 120 121 122 5 43
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  • Page 25 Advertisements
    • 66 25 yip i Who is behind an Audemars Piguet watch? AVAIIABU AT: SINGAPOCF Regional Agent, Showroom (i Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. Cortina Watcfc Centre Pie Ltd Fy SOI Orchard Road #03-10/11 Wheelock Place Singapore *****0. Tel: 2 8 6678 Fax: 218 6676. Rallies City #01-% Tel: *****8S Lucky
      66 words

  • ARTS festival
    • 510 26  -  jaime ee and other BT writers get the views of some experts JAIME EE CLASSICAL versus the avant garde which will emerge the victor at the end of the day or, in this case, the Singapore Arts Festival 2000? At least where the ticket sales
      510 words
    • 268 26  -  -By Tay Shi'an INTERNATIONAL-LY-acclaimed pianist Tedd Joselson, 43, is full of praise for the musical lineup of this year's Arts Festival. His voice brightening when asked to discuss the topic, the Belgian-American virtuoso named Singapore's Tang Quartet as one
      268 words
    • 412 26  -  -By Kenneth Lee LIEW Chin Choy is a man who by definition lives and breathes orchestral music. The Warsaw Philharmonic Orchestra, however, is surprise, surprise not the first name he mentions. Perhaps one can have too much of a good thing. "I have
      412 words
    • 377 26  -  By Felicia Yap WHILE composer Phoon Yew Tien has already gotten tickets for the Warsaw Philharmonic Orchestra, his top three picks would be the Warsaw Philharmonic Orchestra, the L'Orchestra de Contrabasses and the T'ang Quartet. "They look pretty good based on their write-ups, and I must
      377 words
    • 434 26  -  -Ih Jane Cheong ASK composer John Shockley to pick his top three favourites in the Arts Festival's music programme, and he will tell you immediately that music should not be ranked in this manner, j Says Dr Shockley: "I never think of this as a competition, it's
      434 words
    • 201 26  -  By Felicia Yap DR Ho believes that The Warsaw Philharmonic Orchestra, Hot Water, L'Orchestre de Contrebasses and the T'ang Quartet would be worth a watch. "Basically, those are the performances that I am really looking forward to," he says. "For L'Orchestre, it
      201 words
    • 815 26 This year's offerings in the music category The Tallis Scholars Established as one of the leading proponents of Renaissance sacred music, this group is noted for the depth and variety of their repertoire. They have performed at both sacred and secular venues, including the Sistine Chapel.
      815 words

  • Page 27 Advertisements
    • 468 27 Where to wine, dine and entertain..."-* (o^fissssr -Definitely the first card in the world 4545 j Enjoy our ever-popular Japanese favourites for lunch and in tne evening, tuck in to a wide selection of Japanese, Asian and Western dishes like Sashimi, Roti Prata, Murtabak, Drunken Chicken and Roast Sirloin Beef.
      468 words
    • 43 27 J?K*nk *->fysb^j^ jJir* 17 -24 MAY 2000 \*vi vJTS Come and feel the pulse of modern Spanish by jSflMkChef Justo M del Amo Revolving Restaurant Reservations: 831-6288/58 411 44nmArtr*m WW JaTWj J]] Orchard Road S.n*jporc *****7 ~;.T7 lei: 737 4411 F»: 712 2Mil
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  • Page 27 Miscellaneous
    • 906 27 The Business Timos, Tuesday, May 23,2000 lf*^^^— CBYPTIC CROSSWORD ——————Ctortnd 4,30 Blossom: Th( Ceek. 5-35 Sporty Spotty. 10.02 Inside Story (r). Jjp p j j j 9.00 The 11.00 The Worl^ BL3O Bananas In 12.00 MNTheNanny. 9.30 ATP Magazine 5.00 Wacky World of Tex 3J5 Win, Lose or Draw. &02
      906 words

  • KNOWLEDGE economy
    • 1420 28  -  Running a company and having the vision to run a company worldwide will be a whole new ball game in a New Economy culture, says a professor Bi Anna Teo IN his book Bo bos in Paradise, about the bourgeois bohemians who comprise "the new
      1,420 words
  • Page 28 Advertisements
    • 267 28 m k r**m P.n 000 Wf course pe*.-..■*;:% v *-v*. The Henley Management College, together with British Telecom and The Business Times, is offering one BT reader a place on the Henley Executive Development Programme. The 540.000 three-week residential course at the UK college runs from Sept 11 to 29.
      267 words
    • 23 28 f ""N 77**, Business £ki»? http://business-times.asial .com.sg Before you travel, make a note of our website address I I I h :M! HI
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  • SHIPPING TIMES
    • 288 29 Bridge News Reuters THE Baltic Dry Index eased by two points to 1,607 on Friday as further Caper weakness dragged the Capesize Index down by 12 points to 2,122. But panamax rates remained stable as reflected by a 6-point rise in the index to 1,567 while the Handy
      Bridge News; Reuters  -  288 words
    • 294 29 wa>a a m CWT Distribution 0.90 0.02 5 Chutn Hup 036 -0.01 622 Cosco Invastmant 0.19 -0.01 246 rmaht Links 0 25 unch 239 ca Holdings 0.67 wich 21 Hal Sun Hup 0.34 0.01 18 IMC Hddlngs-HK 5.60 unch 0 Jaya Holdings 0.18 unch 253 KappatCorp 3.50 -0.04
      294 words
    • 677 29  -  Shipbuilding, offshore sectors affected by regional competition By Ann Toh [SINGAPORE] Regional competition and a slow market took their toll on the Singapore marine industry last year with total industry output down by 19 per cent to $3.12 billion. The slide was led by
      FILE PHOTO  -  677 words
    • 275 29  -  By Donald Urquhart [SINGAPORE] Penang Port Sdn Bhd (PPSB) is hoping to develop its Swettenham Pier and Weld Quay into a major tourism site with a RMBO million (5536.36 million) to RMIOO million cash infusion. The Malaysian Business Times reported recently that PPSB through
      275 words
    • 212 29 [LONDON] Associated British Ports (ABP), which rejected a bid approach earlier this month from Nomura, is planning a series of property disposals worth up to £650 million (Ssl.6 billion) as part of its reorganisation. According to the Daily Telegraph, the sell-off was
      212 words
    • FAST ferries
      • 1095 30 Austal and Incat account for nearly half the global market for fast ferries, estimated at around USslb a year IHT [PERTH] JUST in time for the tourist season, a new type of fast ferry promises to cut in half the trip from the Greek port
        IHT; FILE PHOTO  -  1,095 words
    • 177 30 PACE Deimas 4 j Djafc Uoyd 8 A|(L 3 Dongnama 3 Accord 8 E4$tr 6 AppeirsiMp 5 ECt 4 Austral 8 ECU Line 6 BalajiShpg 5 Evergreen 6 B$a 7 foongSun 8 B'tanq Mas 8 GLm 4 cCNI 7 Gemactrans 6 CMA 8 Hangli 7 COSCO 5
      177 words
    • 17241 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 06/06 ft/06 Hyundai MM NOL AMAZONITE 029* 65-*****44 To ABIDJAN (ABJ) 2003 Cote D* I voir* 06/06 02/07 Evergreen NUOVA LLOYOIANA
      17,241 words
    • SHIPS IN PORT
      • 739 41 Vessel Voy No Berth Arrival Departure Sun Jin 60 Je el 'j05 22/05/2:15 22/05/17:00 Bt Satria 3 ***** JOI 22/05/7:50 22/05/23:59 P<1 2509 705 JU 22/05/7:45 23/05/8:00 Bt C# m*2 ***** J01 22/05/7:55 23/05/2359 Thai* Da MAR 00 JI5 22/05/8:20 2J/05/500 lanqmas 3 08/00 J03 22/05/9:55 22/05/23:59 8t
        739 words
      • 1933 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstts Ship VoyNo Etb/Btr Period From To From ACE CONTR A£002* 25/10:00 U 22/HM 22/HM 22/HM M 22/1500 22/HM 22/HM 2A 22/1700 23/MM iWM 21 22/1700 21/0*51 2V0*>0 3 23/0700 2VI0I 23/MM 4 23/1200 23/MM 23/1700 ALAMMVA 2 MM
        1,933 words
      • 172 41 May 2# United Kingdom: Spring Bank Holiday. May 31 Brunei: Royal Brunei Armed Forces Anniversary. Apr 6 Brunei: First Day of Muslim Calender. May 11 Hongkong: Buddha's Birthday. May 18 Indonesia: Vesak Day. Jon 1 Indonesia: Ascension Day of Jesus Christ. Denmark: Ascension Day. Germany: Ascension Day. Jane
        172 words
      • 788 41 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 market Prices shown are based on average sized stem Market movements are indicated. The Cockett Bunker Price Index change and
        788 words
      • 425 41 Car** WO Mu 989.1 <L6 S.4 0.09 89 0.04 m_ h DMMitv iitv ttikhw Ask AtuiBintum No Am £25 0 0 2 0 —™—!!i= 380 am 905.5 02 12.8 o.o« 39 0.02 .J~! 300 Ha 990.4 2-0 17.8 0.06 72 0.04 ggn M/M M/M W Wo
        425 words
    • AIR & LAND transport
      • 596 42  -  Bnt Thai national carrier confirms it is not leaving Star group, of which it is a founding member By Donald Urquhart [SINGAPORE] Air France has repeated its call for Thai Airways to forsake its membership in the Star Alliance to
        596 words
      • 184 42 Reuters [DUBAI] Abu Dhabi International Airport's cargo terminal expects a 15 per cent increase in cargo handling during 2000. The airport handled 92,266 tonnes of cargo during 1999, several newspapers said. The Gulf News daily also said that as part of the
        Reuters  -  184 words
      • 177 42 Bloomberg [SYDNEY] Qantas Airways Ltd, Australia's largest airline, said it flew 7.2 per cent more passengers on its international and domestic flights in March than a year ago. The airline said it flew 1.76 million passengers in March, up from 1.66 million in March 1999. So
        Bloomberg  -  177 words
      • 65 42 [BEAR CREEK TOWNSHIP, Pennsylvania] Jnvestigators inspect the crash site of a charter plane that had carried 19peoplefrom an overnight gambling trip to Atlantic City, New Jersey, on Sunday in Bear Creek Township near Wilkes-Barre, Pennsylvania. The plane crashed in a ball of fire after experiencing
        AP  -  65 words
      • 186 42 Reuters [TOKYO] US aviation giant Boeing Co and Japan's largest aerospace contractor Mitsubishi Heavy Industries Ltd said on Tuesday they had agreed to broaden their cooperation, including in the aerospace business. "We have been working closely together for more than 30 years, and this
        Reuters  -  186 words
      • 252 42 It will develop bigger version of 8747 to compete with A3ZX FT [LONDON] Boeing of the US is set to enter the battle against Airbus Industrie of Europe to provide superjumbos to the world's leading airlines In a move which promises to intensify competition
        FT  -  252 words
      • 395 42 Reuters [HONGKONG] China s entry into the World Trade Organisation (WTO) should result in increased air cargo volumes and passenger traffic in Hongkong, the territory's Airport Authority said yesterday. The authority presented to Hongkong legislators an upbeat report on the performance
        Reuters; FILE PHOTO  -  395 words
      • 1817 42 aw fUCHT ETA FLKWT ET0 S***** 2335 S026 2350 tMM IA730I MM BA73C2 2055 WM> MM» BIO SWM 0W» Or« MM 0FB2 2055 rilinitili $0003 WO CZ352 OM AN8229 2230 C2351 2045 S0004 1020 imi «rmt« an vmm mm 1 t S0VHT75 1030 Milium U0043 0435
        1,817 words
  • Page 29 Advertisements
    • 348 29 PtODlt in 1971 as a flight attendant executive. Mr Grube, who was most recently the has a 20-year career in United Airlines has senior staff specialist for the maritime industry, appointed Denise Onboard Service was senior consultant in Bossieux as onboard International at UA's Bimco's services division services manager for
      348 words
    • 180 29 Aussies lead in fast ferry market, Page 2 areMfcMfrfca.di II jMM—IIMH———MMM—I—MiII V v **r~* f 9 H Bp' Bttend prrturt demonrtrattMts, Rep y p orm Fgx tQ 270 7707 today! nut rtnrnnrr TBI srtiittom nlttif Fu« Name: (Dr/Mr/Mrs/Ms) premier supply chain exMMHM. MRPII Designation: Advanced Planning Scheduling Address: Supply Chain
      180 words

  • Page 30 Advertisements
    • 760 30 NORTH AMERICA QULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) |QULF KARACHI EXPRESS (QKX) vtssa 1 YOT ia sin "1 wuk vcsa I voy I dmn I »ah I kwt I jka I «wo Ic— mm _mn_ 00a JAPAN 41W510 10/05 21/05 30/05 P&0 NIDUOYDIANDARAOOAS 071 12/05 12/05 14 OS 10/05 17/05
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    • 646 30 Lines services represented by Members of the Registry of Members of the Accredited Shipping Agents. Singapore Log.st.cs Singapore Shipping Association Association VOY ETA ETA P. KLANG SPORE MALE Lily VO5OO 03/06 06/06 14/06 TB VO4OO 22/06 24/06 02/07 VO6OO 10/07 12/07 ~2070T~M VO5OO 28/07 30/07 "*****~H uS7BsinßeSs!ces^^B^b I 1 NORTH
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  • Page 31 Advertisements
    • 1083 31 SAX SERVICE (DIRECT) VBSa VOY SWETA U« OA* PAI HOU CH COE MBK ATI NYC An TOURMAJJHE 0341 17/05 01/06 06/06 06/06 06/06 06/06 06/06 06/06 07/06 07/06 tuna 0201 24/05 ~ii706~ 13/06 13/06 13/06 13/06 13/06 13/06 14/06 14/06 AfIGNMT 0201 31/05 15/06 20/06 20/06 20/06 20/06 20/06 20/06
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    • 1806 31 ®HANJIN SHIPPING likPi iMsMyvLw -Uk *****30 MMUjM MjjffjjjS (S) m LTD ho«y tow MOW* ********** SALES *****74 731 OOflMtlH *****?! 774 OftttTKNIS ********** MAW UK *****55 FAX S3*IMS dMO **********0 M |TO NW USA A CANADA USA 1 CANADA* FM Va/YOY i MM I Si UNI HAU/VOY S£A m KM
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    • 230 31 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONO KONG FOR ENQUIRIES, PLEASE CALL 220 8558 Si——ft A—lt: Rafera Ifcippl>« Ma OM ■iliri A|»wlm Pit 111 Vfc *****54 r,rt MJ-7177 n»7ff«) *4J7»7175U 204 CrtlMlJKaatf McIMflU/IMVIIS »i iMi Iwfci MwN Olt-tIA S«l*».bt I*!" 7_! PaaafKW) M-2U44M (Pti) M-ItMIU CI Na: **********0H
      230 words

  • Page 32 Advertisements
    • 1533 32 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITORRANEAN/CANADA *ssa voy aw ia iw w hw fu voy s* gtt s« ros vie mtb CHOYANG ATLAS MI3W 24 K lIM 12 M 13 14 M ISM IIM CHOYMGCHMKX HW 25 M 11M 11M ISM 17M 24 M TRADE SELENE QO3OW 21M 11 1*
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    • 908 32 MAC-NELS S PORE M'SIA Carrier: RflN Cumß LINES, MC p. quoang: (07) *****28 I I OOOOOO.UDHT 8BU:(084)*****8 MAMLA:(832)*****24 V J1 W PENANG: (04) *****38 BANGKOK: (882) *****87 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT (21) *****46 KUPBNQ (082) *****1-3 PORT KLANG LAE/PORT MORESBY MV "HOUSTON" V.I 54S MV "CAPE
      908 words
    • 703 32 EXPRESS CONTAINER FEEDER FOB N SHEW (CFS MUUJNO. Mt—AtCTUWO ALSO ACCEPTING TO Ml NORTHERN MIO WESTER* 1.C.0. POUTS VKMI S PORE N SHEVA COLOMBO PKLANG TULSIDAS V.125 21 MAY K JON 11JUN 11JUN CAPE CREUS V IO7W 04 JUN 13 JUN 17 JUN 23 JUN CAPE CANAVERAL V 124W 11
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  • Page 33 Advertisements
    • 792 33 I VESSEL VOY HK6 I KMH I I HO. I PXI B I SAM IMK I IRAN SHAHRYAR PCL-ISS 19/05 21/05 25/05 26/05 03/06 04/06 06/06 00/06 IRAN RAABAEI PCL-156 26/05 2S/05 02/06 03/06 11/06 12/06 14/06 16/06 IRAN SEESTAN PCL-157 02/06 04/06 00/06 10/06 It/06 19/06 21/06 23/06 IRAN
      792 words
    • 1241 33 NEW SIKVICI I OF MKCT TO COLOMBO I M 5 DAYS I I¥liT WIDMtSOAV J GENERAL AGENTS IN SINGAPORE: 80 ROIINSON RD TIL 226 1900 FAX; *****08 OUTWARD (8/1) I COSTAR SNIPPING PTE LTD #12-00 SAUS/KKGS *****57/43 INWARD DEPT (D/O) *****8S COSTAR AGENCIES (M) SDN BND CR NO: **********01 SINGAPORE
      1,241 words
    • 790 33 [PORT I IMPORT I -10% I^o6' iflk 'WL M IK iJfc Iflfc loflk 1 iM. 1 I iWH/MTM I t\lH 116/6S I U/6t U/ti I 14/66 M/fi |21 /H ttt/66 IkJ COPftHAGai 0031 11/05 113/05 15/05 ltiy 04/ji"~| CI ALPHA I QI2OW 27/06 114/07 16/*****/07 10/07 10/07 20 07 |HJLOMPON
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  • Page 34 Advertisements
    • 666 34 RUROMR/UK/SCANMHto/lA/WMANP/RUSSIA SERVICES mgm VESSEL/VOYAGE ISGP (DM H«G THP ZEE I ANW U4V E OJVINEJW 010 H76T 14 .06 16/06 l'l/Ot* 19'04 20/04 *20/04 E.PBJ6WWM)I3 03/04 J2/04 24, 04 26/04 27/04 j. 21/04 4 28/04 I OUOtM IW-011 111/04 I 21/04 01/07 03/07 04/07 05/07 OS/07 ALSO ACCEPTING CARGO TO AND
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    • 376 34 ARAR4AN WRSIAN OUif/MMAN $U> COMWNEMT ERRVICE EXPORT VESSEL VOYAGE SGP CMI DUt MA AMI DMN lAN KM NXV ZHUAM6HC 0152W 24/05 04/04 07/04 01/04 UNI ASPIRE 0414-022W 21/05 02/04 07/04 01/04 01/04 1(1/04 UN PERFECT OI2SW2W 30/05 03/04 01/04 01/04 12/04 14/04 VU HE 0154* 02/04 13/04 17/04UNARMI 0415-020* 05/04
      376 words
    • 1021 34 ADVANCE CONTAINER LINES (PTE) LTD Af_ I Z TEL: *****21. FAX *****19, TELEX :RS 2Q340 ACLPL CR NO. 16S30MOOOOE U FOR BOOKINGS PLEASE CALL: *****22 SALES A MASKFTING *****21-21 IAW6KOK ;s«niM«M>wt JAKARTA 7 UtlMft/Week) I VESSEL VOY SIN HOC vcssa voy I sin I jkt SEA MERCHANTIB6J/LCH) SMHI67 23/5 Wad
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    • 410 34 SO TEL OK BLAMGAH ROM) M 2-02 CmPORT CENTRE SPORE *****0 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W ffssa voy ro fid oesimton NABUKWA 20 7900 23*7000 24/K/2M PKL BALAM IKAGURI 05 7900 27/05/2000 2MWOOO PONTUNAK ILMAMUI *****0 29/05,7000 29*5/2000 PONTUkNAK INABUKWA *****0 3105,7000 01*7000
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  • Page 35 Advertisements
    • 450 35 bsa unir i VsW! ls3ri?sSß l S^^®^ mm. MYANMA I «BBk FIVE STAR LINE I (Myaamar National Lino) P 1 Loading for Yangoa I I VESSEL VOY SIN PKL PEN PGU I SAGAJNG **W SLD 111 MAWLAMYINE 90W 25/05 NALAYSIA AGENTS: KXJSTEAD SHIPPING AGENCIES KUL TEL (03)*****00 PKL TIL (03)376*101
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    • 1101 35 HYUNDAI MERCHANT MARINE CO., LTD. imnnimw tttT jFos "W WS TW" uu n* ovos a/os a/oi mjk 23/05 API AUMMMK 31SW 25/05 2/06 7/0* 14/0* 15/0* 0 os 04/05 03/05 04/05 25/05 Aft AGAR 020W 29/05 21/0* 14/0* 15/06 '7/0* J"GB«Al 324E 03/05 10/05 »/JS nfc Sfi 24/0* SZ 20/0*
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    • 616 35 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT SERVICE" VESSEI VOT HEIGHT SIN LK MAO MIA I SAV lIMI OB I NYC HEW HOI TAIKO AHOTT 4001mh OH MTOT 25/06 C 3/07 06/07 00/07 10/07 11/07 13/07 17/07 20/07 TOURCO4NG AHOI2 4001 m 6.3* 11/06 10/07 11/07
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  • Page 36 Advertisements
    • 893 36 IAMOKOMW TA PHUT/LAMM CHABAMO vw«t la| m« mtt~ lcm vpsa vot sm m rm mam m—ws—ms—um— ~i *NANIHUM" m te 27/35 MB ml u/n ~H/M TI/OS MAIW) MUM 444 M ?4/0S 21/05 «S IS4SJ 74/DS 21/0S nawaihum" vm 24/ os 27/ os 21/05 ttiu2sfltr fill fl/ft YAMTIAWUM 342N ?7/05 31/05
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    • 345 36 INDONESIA NATIONAL LINE TO AUSTRALIA I RJLL COKTMNER SERVICE va yor m m m h w m a w USUWI SIS (Ml IS/OS Jl/*5 M/M «/0t 11/* iimim mw ~ST n/•$»/» w/i ii*S i*/» mwarr "a" u/utk/u ii/n n/14 tnOBMI «s i:/w 11/84 B/jg/MP/H FEEDER SERVICE TO INDONESIA vv VOT
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    • 528 36 yresn s VOY SX PKL JED MLA L&l RTM HAM ZEE 9QT VXEDAWTARES L37W 24/06 25/06 02/06 06/06 12*06 13*06 IS<O6 16*06 17/06 VKJLE DE VIRGO S37W 29/06 3CVOS 06/06 12/06 18/06 19/06 21/06 23/06 24/36 Saucx jeDDAH NWW 66/66 i4W fr/itt -gSS~ ttAtt Site ~W SAUDI JUBA*. H37W 13
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  • Page 39 Advertisements
    • 52 39 S Shantou, Dongshan, STL CONTAINER LINE ZhangZhou For Services To Vietnam Calcutta Tum Pg 3 Mon/Wed/Fri Pg 7 WoHdgate Express Unes STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers Weekly FCL/LCL New Europe To e Actua! T avciA MIDDLE EASTI PORT? S- E ASIA service DETAILS Pg 8 p 8
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  • Page 41 Miscellaneous
    • 123 41 V^V*-—— 3^..'*~^"... < n )E LEGEND: Issued by Meteorological Service Singapore K Thunderstorm A Showers o Rain emperature Wind direction and speed in knots Day Wea,hm 'wlirfSji.d symbols Sea Conditions O Pull circle w/o line indicates calm or light and variable winds J K m -"—One half Heche represents 5
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  • Page 42 Advertisements
    • 80 42 GLORY SHIP MANAGEMENT PTE LTD We invite applications for the following position/appointment Mature personality with good communication and interpersonal skills Some working experience in an insurance/ underwriting or insurance broking firm or in a shipowner's office Responsibilities including handling of all cargo, crew, PNI and HNM claim matters Salary and
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