The Business Times, 1 August 2000

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Microfilm: NL21902
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Lock icon Masthead
    16 1 THE BUSINESS TIMES MITA (P) 035/12/1999 Internet: http:/7business-times.asial .com sg/ SINGAP ORE TUESDAY, AUGUST 1, 2000
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  • Article
    Lock icon MARKET SUMMARY
    77 1 STI 2J08U2 (+12.19) BT-SRI 79L73 (-0.82) ST INDEX FUTUBES 2,067.00 (+16.00) SIMSCI FUTURES 27L70 (+2.70) STOCK MARKET INDICES Monday Change KLSE OOMP ***** 428 NIKKEI m 14,727.48 -11L86 HANG SENG 18,***** ***** SET INDEX 284.17 4M JAKARTA COMP —***** -Ml MANILA OOMP 1,417.17 1951 TA1PB WP1 8,***** -29.01
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  • Article
    Lock icon FINANCE
    75 1 FOSEX RATES uss s$ USS 1.714 £(US$/S$ per 1JOO 1601 EUROfliS$/S$/E) SJ24 1.602 DM 1118 1521 YEN lOli 1584 RM 3.800 1191 HKS 7.798 4.497 BAHT 41.47 2191 RUPIAH 8586 0.019 •stio 100 units PRIME SATES SINGAPORE* 5.80 KUALA LIWPUR 7.67 JAKARTA .39.00 BANGKOK .9.50 MANILA 11.00 HONGKONG 8.50
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  • Article
    Lock icon Windfall for developers in new land policy
    984 1  -  Revamp effectively halves the differential premium paid to change plot ratio, land use By) Kalpana Rashiwala [SINGAPORE] The government yesterday revamped the differential premium system, effectively giving property developers a 50 per cent discount on what they have to pay for a change
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  • Article
    Lock icon DBS Land posts 24% fall in interim net profit
    915 1  -  Group also reveals designated heads of 6 new core businesses By] Marissa Chew [SINGAPORE] DBS Land, which intends to merge with Pi**mco, yesterday announced a 24 per cent fall in interim net earnings. The two companies also unveiled the chief executive-designates
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  • Article
    Lock icon CPF changes may be on the cards to cope with New Economy
    701 1  -  Job tennre shorter, more firms going for contract workers and paying staff with stock options By Audrey Tan [SINGAPORE] Signalling that there could be changes in the pipeline to the Central Provident Fund scheme, the board's chairman Ngiam
    701 words
  • Article
    Lock icon Woman worker taken hostage at HK airport
    94 1 AFP [HONGKONG] A female worker at Hongkong's international airport was taken hostage late yesterday, local television reported. TV Pearl reported that a man who had arrived at the airport from Japan via Taipei had taken a female staffer at the airport prisoner and
    AFP  -  94 words
  • Page 1 Advertisements
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      92 1 msPE Corporate ranking July market cap ranking of Singaporelisted companies, Pg* 7 8k 8 Top stories HSBC scores with 31% rise in interim profit. Pg 18 UK-based building materials giant Hanson on shopping spree to expand Asia-Pac business. P*9 Investors warm up to rush of M'sian IPOs. Pg 13 MMC
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      143 1 BT COMMENT Lee Han Shih on the Pg 12 CORPORATE TIDBITS CV r >_ < Pidemco's president Liew Mun Leong can't i aseem to get enough mI Pg 4 < Any questions for Liew Mun Leong and Ed Nq 9 Email us at btnews@sph.com.sg and we will forward your questions
      143 words
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      18 1 Ptdemoo, DBS Land troop out new top guns, Pg 4 A look at the bigger picture, Pg 4
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Not much flying fears here
        138 2 DESPITE continuing jitters about flying on the Concorde after last week's tragic accident, a BT online poll finds our website readers fairly unfluttered. Our latest show of hands revealed the following response to the question: Were you shaken by news of the horrific Concorde crash?
        138 words
      • Article
        Lock icon Putt-putt, Mr Cooke
        118 2 US-BASED BBC commentator Alistair Cooke an institution in his own right finished a piece on the US presidential nomination conventions with a curious non sequitur about golfing 1 s greatest. "Now, we have a player who, in the past 15 starts, as they say in racing, has
        118 words
      • Article
        Lock icon Cover-up in the air
        62 2 REMEMBER the indignant story about an SLA hostess wannabe who was supposedly rejected because of her less-than-flawless complexion? A BT journalist recalled the tale when commenting on her friend's nicely manicured toenails. The friend, an SLA air hostess, said: "It became compulsory to paint them after
        62 words
      • Article
        Lock icon New Economy? Never heard of it
        86 2 ABOUT a year ago, everybody was rushing to include such words as cyber, net or dotcom in their company names. But that seems to be going out of style rapidly these days—at least, according to a technopreneur who spoke to BT recently. While expressing
        86 words
    • Article, Illustration
      Lock icon Hong Leong could save over $300m in DP
      784 2  -  Group's patience in sitting ont DP issue on Changi, Pasir Ris landbanks pays off handsomely By Kalpana Rashiwala [SINGAPORE] The Hong Leong Group, including its listed City Developments, could save well over $300 million in differential premium (DP) charges for its massive
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      306 2 FOOD/ ENTERTAINMENT The Straits Times Classified. Classifications 5 36. Buy ft. Sdl It. Fktd It The Hull MBA OF HuLL MBA (General Management) "Ranked Among MBA (Financial Management) I "K"™ (SMe J I Universities, 1999" MBA (Travel Tourism) UNIVERSITY OF SOUTH AUSTRALIA "Ranked Among Australia's Best Universities" PhD MA/BA Doctor
      306 words
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      21 2 Classified First. Wart a home with a sea view? Or simply seeking a new nest? Check The Straits Times Classified First.
      21 words
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  • EXECUTIVE pay
    • Article, Illustration
      Lock icon Private firms' big draw is stock options
      481 3  -  ilexclusive Survey finds options give private sector an edge over government By Serena Ng [SINGAPORE] PRIVATE companies still have an edge over the public sector in attracting and retaining talent, recruitment company Mercer Executive Resources Consulting has found. Although public sector pay is
      481 words
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      275 3 I V- -Aft 1 4 j"* JA*ic w v\ xw. IB \lz~ "-i'' --w >V *T 3 f ufe IfS^ 3 > Now, you can monitor all your stocks around the world from just about any location you like. With Yahoo! Singapore Finance, you can create a portfolio to do
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  • DBSL-PIDEMCO merger
    • Article, Illustration
      Lock icon Pidemco, DBS Land troop out new top guns
      557 4  -  Ed Ng to be merged unit's CEO of commercial, fond management By Andrea Tan LIEW Mun Leong, president and chief executive of the proposed merged Pidemco, yesterday unveiled his management line-up. Incumbent DBS Land president Ed Ng will be CEO of the
      557 words
    • Article
      Lock icon A look at the bigger picture
      826 4  -  DBS Land is a good companion for Pidemco, says PAUL THOMPSON PAUL THOMPSON LAST night's presentation to the media and analysts revealed what the bigger picture would look like when Pidemco and DBS Land come together as one entity. The merged group will boast
      826 words
    • Article
      Lock icon Any questions?
      641 4  -  CORPORATEirciffiga jaime ee QUESTION: How many parts make a whole? Answer: Don't ask the folk who put together Pidemco and DBS Land's joint half-yearly results presentation yesterday at the Raffles Hotel. It was a little worrying when Ed Ng, DBS Land's president and group CEO warned: "It's going
      641 words
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      138 4 mmi Fil The S9OQI 's forged soft iron head provides maximum forgiveness for off-centre shots and produces a strong trajectory by resisting hooking and ballooning up. At the same time, its graphite shaft ensures a smooth consistent back-swing and controlled follow-through. Get the S2OOl today and get off to a
      138 words
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      Lock icon Page 4 Advertisements Column 2
      10 4 Full listing of Pidemco, DBS Land assets on Pg 5
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  • SINGAPORE comapnies
    • Article
      Lock icon Sitting pretty
      400 5 DBS Land's assets PROPERTY GFA/NLA VALUATION (sqm) NAM Of PROPERTY Office Adetphi 233.000 20,596 Robinson Point 193,000 12,344 6 Battery Rd 835,000 44,845 55,57 59 Neil Rd 4,000 781 11 Beach Rd 32,500 3,184 High Street Centre #22-10 760 73 Peninsula Plaza #02-07 500 32 Peninsula Plaza #03-09
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    • Article
      Lock icon Merger of top local shiprepair groups on the cards
      483 5  -  KHZ, SembCorp Marine see it as the way to fight stiff competition from Middle East, China By Conrad Raj THE merger between Singapore's two biggest shiprepair groups Keppel Hitachi Zosen (KHZ) and SembCorp Marine may come sooner than most people think.
      483 words
    • Article
      Lock icon SFI interim up 15% to $11.5m
      192 5  -  By Eugene Law SINGAPORE Food Industries (SFI) yesterday reported a 15.6 per cent rise in net profit to $11.5 million for the half-year to June 30. Higher contributions from overseas operations helped boost turnover 19.2 per cent to $172.4 million. Growth came mainly from
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    • Article, Illustration
      Lock icon Bumper IPOs check July market cap slide
      613 7  -  $327.8b value a mere $0.4b off June figure; STI now 20% off Jan 3 high By\ Siow Li Sen JULY was a painfully slow month for stockbrokers, but stock values as a whole did not fare too badly. The capitalisation of the Singapore
      613 words
    • Article
      Lock icon SPH MediaWorks makes key appointments
      472 7  -  They include top personnel from TCS and JTCman By Eugene Low THE newly formed broadcast subsidiary of Singapore Press Holdings yesterday announced several key management appointments to lead the publishing giant's charge into the air waves. SPH Media Works said Cheng Shoong Tat, a former
      472 words
    • Article
      Lock icon Ipco back in the black
      77 7 IPCO International Ltd, posted a net profit of $3.9 million for the year ended April 2000, from a net loss of $40.7 million the previous year. Turnover dipped 5.6 per cent to $75.6 million, while extraordinary losses widened 95.1 per cent to $761,000. No dividend
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    • Article
      Lock icon Quotation of Singapore Government Stocks (July 31, 2000)
      313 7 gnmnn 111 L mBEzgsr. M iocatm I NUMBER MCOLE PUCES <■- -MrnvSm coupon wiefest ofoaysof (excudng gross MATURITY YEAR (MSB) RATE AMOUNT PAYMENT ACCSUH) ACCRUED REDEMPTION (%PA) (ttO DATES MEREST KTEREST) f YB.O(*PA) 01/08/2000 N*****1V 1996 31/8 800.00 1/8 1/2 161 100.00
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    • Article, Illustration
      Lock icon Reed IPO offers 50m shares at 20¢ each
      255 7  -  By Bryan Lee REED Group Holdings yesterday launched its initial public offer of SO million shares at 20 cents each, of which five million are reserved for Internet applications. The five-cent par value shares are priced at 74.1 times earnings for the
      THOMAS WHITE/ST  -  255 words
    • Article
      Lock icon Tan & Tan: a dawn clouded by uncertainty
      666 7  - Tan Tan: a dawn clouded by uncertainty IVMII locksiew eddie toh TAN Tan Developments controlled by innovative developer Tan Chin Nam, who first introduced the condominium concept in Malaysia has unveiled a merger that will create a RM4.3 billion (551.96 billion) property group. In essence, Tan Tan will transfer all
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    • Article
      Lock icon Ranking of Singapore companies by market capitalisation
      3803 8 CURR PREV RANK RANK COMPANY MKTCAP CHNG PRICE CHNG PE JUL 31 JUN30 (SSM) FROM JUL 311» FROM RATIO 2000 2000 JUNVOO (J) JUN 30'00 1 1 SingTel *****.6 -5.1 2.40 -5.1 19.9 2 2 DBS Grp *****.2 -5.9 20.90 -5.9 21.5 3
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      517 5 uttf HSlfeMl t V- i'*% JI I 3^ ffifli B B HL %b' s -fEB B B < B M fl -g^ißfl fißf*' K-" I■ Take off from with JTC Industrial Land. Currently your business development in the environment it deserves. K^^k,^LWfll The sites are prepared with areas ranging from
      517 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Market firmer after nervous start; mood stays cautious
      524 6  -  1< comment STOCKS ven sreenivasan AFTER starting nervously following last week's turbulence on Wall Street, the Singapore stock market recovered from morning lows yesterday to close in positive territory on selected bargain hunting. But sentiment remained cautious ahead of the release of
      524 words
    • Article, Illustration
      Lock icon Keppel Land warrant a high-risk, high-reward play
      184 6  -  WARRANT WATCH By Ven Sreenivasan KEPPEL Land warrants were the thirdbiggest percentage gainers yesterday, jumping 18.2 per cent or one cent to 6.5 cents. Trading was active with 375,000 units changing hands. Meanwhile, the underlying stock gained 13 cents or 5.8 per cent
      184 words
    • Article, Illustration
      Lock icon DBS Land: critical hurdle at $2.70
      242 6  -  HOT STOCK By' Ven Sreenivasan DBS Land made a relatively rare appearance on the top gainers' list yesterday as it climbed 16 cents to $2.51. A total of 6.3 million shares changed hands, making it the 12th most active counter on the bourse. It
      242 words
    • Article
      Lock icon Market Notices
      160 6 ♦STRIKE Engineering announced it has acquired two ordinary shares of $1 each, being the entire issued share capital of Nete2 Asia Pte Ltd, for a total consideration of $2 on July 28. Nete2 was incorporated on June 13 with an authorised share capital of $100,000. It is engaged
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    • Article, Illustration
      Lock icon Greenback up as strong US Q2 GDP points to rate hike
      317 6  -  > comment CURRENCIES larry wee A MUCH stronger-than-expected advance reading for US second-quarter GDP figures last Friday boosted the US dollar in Asian trading yesterday, as fears of higher US interest rates resurfaced. Potentially wider interest differentials in favour
      Source: Reuters  -  317 words
    • Article
      Lock icon Untitled
      481 6 Stocks Volume SMRT10C 19,091,000 Osim 5c 14,673,000 Ionics P$1.00 13.433,000 TTInt 15c 10,398,000 Liang Huat 10c 9,882,000 IPC020C 8.443,000 Yongnam20c 7,720,000 ITech4c 7,663,000 Addva/Tech 2.5c 7,424,000 FHTK Hldgs 20c 6,773,000 Stocks Chart Semiconductor 26c 65,131,918 DBSGrp 58,671,288 SPH 44,577,973 ParificCentury 39,337,200 SIA 24,111,710 STAssembly 25c 18,969,540 NatElec 10c 18,739,395 VentureMfg25c
      481 words
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      Lock icon Page 6 Advertisements Column 1
      124 6 Only OneCourier lets you move someone else's shipment tFr^r changed. Permanently. With OneCourier.com. you can send a shipment, receive a shipment and you can also arrange a shipment between two other parties (try doing that with any other express delivery company). And you can do it all online. 24 hours
      124 words
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      46 6 YOU CAN NOW PUT YOUR CPF SAVINGS IN EICHT. important All applications for units m eigm must be made on the application forms accompanying the prospectus investors must read the prospectus The value of the units and the income from them may fail as vvellasnse >I<l +<
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      443 7 Fall rankings on Pg 8 ADVERTISEMENT With continuous training, BASF is committed to brighter prospects tor employees. 11 Achieving ful potential through training and development. BASF is a transnational chemical BASF provides training programmes One important area of training in Asia company that is dedicated to as well as production-related
      443 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Hanson on shopping spree to expand Asia-Pac business
      433 9  -  It wants to buy concrete, asphalt, quarry businesses, including those here By Bryan Lee UK-based building materials giant Hanson is going on a shopping spree for concrete, asphalt and quarry businesses, including companies in Singapore, to expand its Asia-Pacific operations. Its acquisition
      ARTHUR LEE  -  433 words
    • Article, Illustration
      Lock icon Home loans push up June lending
      378 9  -  I =1 on the economy bank loans By Ling Su Ann SINGAPORE bank lending grew for the second consecutive month to $150.25 billion in June, in line with analysts' expectations. Growth was fuelled by stronger demand for housing and consumer loans as well as
      Source: MAS  -  378 words
    • Article
      Lock icon finatiQ starts 3-month FDs that beat market rates
      374 9  -  Total pool from depositors will determine the rate By I Serena Ng INTERNET bank finatiQ has launched a fixed-deposit product with interest rates determined by the total amount of deposits pooled by all its customers over twoweek periods. The standalone virtual bank
      374 words
    • Article, Illustration
      Lock icon Jafco, Deutsche Bank to step up high-tech investments
      443 10  -  Jafco to raise tech component in its investments from the present 34%; Deutsche launches new fond By Andrew Wee SINGAPORE firms can seek backing from two foreign venture capital companies which yesterday announced plans to boost high-tech investments. Jafco Investment (Asia Pacific),
      SIEW YAW HOONG  -  443 words
    • Article
      Lock icon S'pore ranks 17th out of 27 nations in online shopping
      328 10 30% of S'pore&ns used Internet but only 5% of them bought online: study SINGAPORE ranked 17th in a 27-nation study of online shopping in Europe, North America and the Asia-Pacific. The study was based on more than 30.000 face-to-face and
      328 words
    • Article
      Lock icon Lycos Asia ties up with SingTel Mobile
      246 10 LYCOS Asia will partner Sing Tel Mobile to bring its Internet content to SingTel's 1.1 million mobile phone users in Singapore. The partnership is Lycos Asia's first regional tie-up with a cellular service provider since the launch of its trial Wireless Application Protocol
      246 words
    • Article
      Lock icon Corrections and clarifications
      111 10 In "George Yeo to lead TDB mission to Cambodia "(BT, July 28), we reported incorrectly that Silk Air's first direct flight to Siem Reap would carry a Trade Development Board mission on Nov 3. The mission is actuaUy visiting Cambodia from Aug 1 to Aug 4, and
      111 words
    • Article
      Lock icon M-Commerce Ventures attracts $25m in funds
      302 11  -  Two-thirds of the amount, or $15m, came from parent EDB Investments By. Ling Su Ann EDB Investments has raised $25 million for its venture fund M-Commerce Ventures at the first closing. The investment arm of the Economic Development Board said yesterday it was confident
      302 words
    • Article
      Lock icon StarHub offers AT&T's overseas calling service
      163 11 US telecommunications giant AT&T announced yesterday that Star Hub will offer its international calling service AT&T DirectSM Service. The service will give visitors to Singapore the flexibility to phone the US and more than ISO other countries and have the calls charged to their
      163 words
    • Article
      Lock icon The pocket is where all changes begin and end
      299 11  -  Wong Kam Luen Singapore via Internet AS I see it, the impact of e-banking and e-trading on me is truly insignificant. Everyone involved in this exercise seems to forget: Why would I change from a system which I'm using now to
      299 words
    • Article
      Lock icon Strong-arm tactics won't instil confidence
      237 11  -  Narayana Narayana Singapore via the Internet YOUR footnote to Mr Denis Distant's letter, "How fair is offer for CMB Asia?" (BT, July 27), setting out an extract from DBS Bank reveals the disturbing fact that minority shareholders in companies listed on SGX can no longer
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    • Article
      Lock icon SMEs need to catch up with larger firms in employee training
      267 11 SMALL and medium enterprises need to catch up with their larger counterparts in employee training. SMEs had made progress during the past five years, Singapore National Employers Federation president Stephen Lee said yesterday. But some remained ignorant of the
      267 words
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      95 9 I HOW WE SEE While others see you as an SME. we see you as a partner with the potential to grow. Strategise with a financial partner who can help those who dare to think big. Keppel Tat Lee Finance. We share your vision. Factoring Accounts Receivables Management Services Cash
      95 words
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      1202 10 V N B Group Increase/ DBS LAND noc I AMn I IK/llTim W Basic earnings per ordinary share UDo LAND LIMI I tU (in cents) for the half year based on (Incorporated in the Republic of Singapore) Kg) 3.5 6.0 (41.7) (ii) 1(h) (8.9) 7.8 (214.1) The Board of Directors
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      101 10 We provide consultancy services on offshore structures, shelf companies and Incorporations In ALL jurisdictions Including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
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      384 11 Due to a change of business practice, our Jewellery Division will be closing down. All Jewellery MUST BE SOLD. BULK WHOLESALE JEWELLERY CLEARANCE All Jewellery will be laid out in bulk lots. Bidding will be placed on lot cards. Highest bid will secure. Bids offered for complete clearance sale will
      384 words
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  • FOCUS property
    • Article, Illustration
      Lock icon A new check on private housing prices?
      691 12  -  I-i comment PROPERTY This is likely to be the result of the govt deciding to slash the differential premium lee han shih GET ready for a deluge of condominiums and houses in Singapore's outlying areas. The Law Ministry yesterday opened the floodgates of
      FILE PHOTO  -  691 words
  • Page 12 Advertisements
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      518 12 it! fflsr TUAS AVENUE 2 INDUSTRIAL BUILDING FOR SALE •Gross Area: Approx 171,862 sq. ft •Site Area Approx 191,600 sq. ft •Tenure: Expiry March 2055 Purpose-built part 1 part 3 storey factory with a 2 storey ancillary office block •Ideal for MNCs For enquiries, please contact Sole Marketing Agent M
      518 words
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      119 12 LOGISTICS CENTRE FOR SALE Location Pioneer Sector vicinity Description A 3-storey warehouse building with a container depot with 4,200 TEU capacity Land Area Approx. 511,828 sq ft Built-in Area Approx. 352,779 sq ft Tenure JTC Leasehold 30+30 yrs wef Dec 1991 Please contact Sole Marketing Agent Industrial Department Bernard Goh
      119 words
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      516 12 IKJ.MJIFELS Keppel FELS Energy Infrastructure Ltd (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2000 The Directors of Keppel FELS Energy Infrastructure Ltd advise the following unaudited results of the Company and of the Group for the half year ended 30 June
      516 words
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  • e-NEWS
    • Article
      Lock icon Germany auctions off 3rd gen mobile phone licences
      574 13 MAINZ, Germany The licences are expected to generate 30b enros in revenue for the German govt Reuters GERMANY, Europe's largest telecoms market, yesterday kicked off its auction for third generation mobile phone licences, seen reaping about 30 billion euros (Ss4B billion) in
      Reuters  -  574 words
    • eBriefs
      • Article
        Lock icon Amazon coming to Japan by year-end
        107 13 AFX-Asia [TOKYO] Amazon.com Inc plans to start a business in Japan by year-end as part of its strategy to expand into the Asian region, the Nihon Keizai Shimbun reported. Amazon.com will open a call centre in Sapporo by the end of this year to
        AFX-Asia  -  107 words
      • Article
        Lock icon Aussie Net firm LibertyOne's CFO quits
        108 13 Bloomberg [SYDNEY] Liberty One Ltd said Jack Surdoval resigned as chief financial officer after the Australian Internet company cancelled plans to list on Nasdaq. Mr Surdoval was hired last November to oversee a listing on Nasdaq's National Market. Liberty One last week cancelled the
        Bloomberg  -  108 words
      • Article
        Lock icon Japan's IIJ ties up with Ayala group
        105 13 AFX-Asia [TOKYO] Internet Initiative Japan Inc will tie up with the Ayala group to develop e-commerce data centres in the Philippines, the Nihon Keizai Shimbun reported. Under the plan, the two will set up a local joint venture by late 2000 at the
        AFX-Asia  -  105 words
      • Article
        Lock icon Mitsui in financial services venture
        128 13 AFX Asia [TOKYO] Mitsui and Co Ltd said it and NTT Communications Corp will launch a joint venture in September to provide online financial support services for business-to-business traders, confirming an earlier report. The venture will provide information on the credit standing of prospective buyers,
        AFX Asia  -  128 words
      • Article
        Lock icon Siemens, Cisco to wire Dubai Net city
        131 13 AFP [DUBAI] Dubai announced on Sunday that it had engaged Germany's Siemens and Cisco Systems and Sun Microsystems of the United States to provide the technological infrastructure for the emirate's "Internet city", the official Warn news agency reported. Mohamed Gergawi, executive director of
        AFP  -  131 words
    • Article
      Lock icon Ford-Qualcomm tie-up on wireless services for cars
      227 13 NEWYORK Reuters FORD Motor Co is expected to announce a joint venture with Qualcomm Inc to deliver wireless services to automobiles, including a mobilephone service, the Wall Street Journal reported in yesterday's electronic edition. The announcement would mark Ford's move into telematics services,
      Reuters  -  227 words
    • Article
      Lock icon UK online retailer Clickmango goes bust
      270 13 LONDON Reuters THE climate for Internet retailers in Britain turned from chill to freeze yesterday after Clickmango.com said it was going out of business just three months after its launch. The online merchant of health and beauty products said business had been growing well
      Reuters  -  270 words
    • Article, Illustration
      Lock icon Catching up with politics
      49 13 [PHILADELPHIA] David Bohrman, chief executive of Pseudo Programs, Inc, working on his Internet site from his company's box inside First Union Center on Saturday in Philadelphia. Several Internet companies would be represented at this year's Republican National Convention which was scheduled to begin yesterday. AP
      AP  -  49 words
    • Article
      Lock icon Sun Hung Kai opts for software by S'pore startup
      276 13  -  SINGAPORE 3rd Frontier to help HE firm offer online stock trading By Toh Han Shih SINGAPORE startup 3rd Frontier is supplying technology to Hongkong's Sun Hung Kai to enable it to offer Internet stock trading. While online stock trading already exists
      276 words
    • Article
      Lock icon Intel unveils faster chip
      109 13 SANTA CLARA, California Bloomberg INTEL Corp unveiled faster Pentium 111 computer chips, regaining bragging rights to the speediest processor from rival Advanced Micro Devices. Intel released a 1.13-gigahertz Pentium in that sells for US$99O (551,713) each in quantities of 1,000. Its previous fastest Pentium 111 ran
      Bloomberg  -  109 words
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      324 13 your PRESCRIPTION to Asia's Premiere Medical, Healthcare, Occupational Safety Health Showcase 29 to 31 August 2000 Singapore International Convention Exhibition Centre HOSPinAedica 4e?? s+H 2000 1 y M The Occupational Safety A A ■BlRtiiil™ Health Exhibition for Asia HOSPlMedica ASIA 2000 companies from 20 International Exhibition countries featuring the latest
      324 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Indonesia's rich elite put on notice
      783 14  -  SiTm bottom line OPINION shoeb kagda The writer is BT's Jakarta correspondent IT IS shaping up to be a classic test of wills. Indonesia's once-powerful conglomerates are being pitted against a politician who in the past has publicly voiced his deep scorn for them.
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    • Article
      Lock icon IN OTHER WORDS
      109 14 This is much worse than I thought and much worse than anyone thought Management had limited credibility before and they have no credibility today.' David Gironx an analyst, after Xerox Corp, the world's largest copier company, said second-quarter profit fell more than half on lower sales, and
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    • Article
      Lock icon The way ahead for peace
      646 14 EDITORIAL LAST week's collapse of the Camp David peace talks between Israeli Prime Minister Ehud Barak and Palestinian President Yasser Arafat has created a sense of gloom and doom But is the Middle East really going to experience a new cycle of violence soon? At
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      Lock icon Costs of trade offer key to economic puzzles
      963 14 US economists study effect of trading costs on patterns of trade and saving The Economist RARELY in academic economics does a research paper come along that credibly claims to offer a solution to one of the field's long-stand-ing puzzles. A paper that
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      Lock icon Story of Napster goes beyond mere music piracy
      762 14  -  COMMENTARY By Paul Krugman The writer is a professor of economics at MIT NYT NAPSTER'S big mistake, clearly, was basing itself in California. It should have operated out of Jersey. Not the homeland of Bruce Springsteen I mean old Jersey, the island
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  • REGIONAL news
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      Lock icon Naluri all set to sell its stake in MAS
      475 15  -  Govt expected to announce new investor, likely to be Qantas, this week: M'sian papers From] Eddie Toh m Kuala Lumpur MALAYSIAN tycoon Tajudin Ramli's Naluri Bhd is all set to sell a substantial stake in Malaysian Airline System, with Australia's Qantas
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      Lock icon Investors ignore good news on bad Thai loans
      362 15 BANGKOK Stocks traded on the SET fall 2.4%, with the Composite Index hitting a 21-month low AP, Reuters THAI stocks fell 2.4 per cent to a 21-month low yesterday as investors unloaded shares across the board despite good news on problem loans
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      Lock icon No fear of hunger
      53 15 [YOGYAKARTA] An Indonesian farmer harvesting padi yesterday in Yogyakarta, central Java. Indonesia's state commodity regulator Bulog said yesterday it would not sign any more rice import contracts this year due to a glut in domestic supplies. Indonesia is one of the biggest rice buyers in the
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    • Article
      Lock icon MRCB posts Q3 pre-tax profit of RM400,000
      172 16 KUALA LUMPUR Bernama, AFX-Asia MALAYSIAN Resources Corporation Bhd (MRCB) posted a group pre-tax profit of RM400.000 (S$180,000) for the third quarter of the financial year ended May 31. It said comparative figures were not available. The publishing group posted an operating profit of
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      Lock icon Confidence in M'sia rising: Daim
      93 16 AP [KUALA LUMPUR] Foreign investor confidence in Malaysia's economy was rising and an inflow of RMIB billion (SsB.2 billion) this year proved that, Finance Minister Daim Zainuddin said yesterday. Malaysia's external reserves had risen to US$33.B billion (5558.6 bUlion) in July and was sufficient to
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      Lock icon MMC to sell part of Ashton stake to De Beers for RM237m
      480 16  -  It'll also move into power generation, buying a stake in Malakoff for RM744m From Diana Oon Abdullah m Kuala Lumpur MALAYSIA Mining Corporation Bhd (MMC) yesterday announced the sale of part of its stake in Australian diamond company
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      Lock icon Ibra plans to speed up asset sales
      377 16 JAKARTA AFX-Asia, AFP INDONESIA'S new letter of intent to the International Monetary Fund focuses on efforts to accelerate the Indonesian Bank Restructuring Agency's asset disposal programme. "Focus of the present LOI is accelerating Ibra's asset disposal," IMF senior deputy resident representative and chief
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    • Article
      Lock icon Daim warns of slow private investment
      307 16 KUALA LUMPUR Reuters MALAYSIAN Finance Minister Daim Zainuddin said yesterday that recovery, spurred by domestic spending, was now broad-based but warned continued slow private investment could affect growth. "The economic growth is not only based on encouraging exports but is more broadbased and is
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      Lock icon Profit margins seen hit as baht falls to 10-month low
      427 16  -  BOT may intervene at close to 42 against US& analysts From Harish Mehta in Bangkok THE weakening baht, which plunged to a 10-month low yesterday, would not affect corporate debt because the bulk of it is long term, but it
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      Lock icon Taiwan's Chen declares war on corruption
      308 17 AP [TAIPEI] Taiwan's new leader yesterday declared a war on official corruption by ordering investigators to reopen a probe into the island's biggest military scandal seven years ago. Chen Shui-bian, a former opposition lawmaker and Taipei mayor, was elected president in March, largely because
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      Lock icon TSMC H1 net profit beats expectations
      165 17 TAIPEI Reuters TAIWAN Semiconductor Manufacturing Co's net profit in the first half of this year surged 133 per cent from a year earlier to NT523.6 billion (Ssl.3 billion), beating market expectations. The world's largest made-to-order foundry chipmaker said yesterday that second quarter net profit
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    • SINOBriefs
      • Article
        Lock icon China planning uniform corporate tax?
        76 17 AFX-Asia [HONGKONG] China is planning to impose the same income tax rate on local and foreign companies, the Hong Kong Economic Journal reported, citing sources. The change will be part of a planned tax reform, involving business income, personal income, and consumption taxes, the report
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      • Article
        Lock icon Combined looses of SOEs fall 6%
        72 17 AFX-Asia [HONGKONG] China's state-owned enterprises (SOEs) posted combined losses of 46.3 billion yuan (559.6 billion) in the six months to June, down 6.1 per cent from a year earlier, the Xinhua news agency said. It quoted a report in the China Daily as saying
        AFX-Asia  -  72 words
      • Article
        Lock icon Taiwan in move to revive property sales
        87 17 AFX-Asia [TAIPEI] The Cabinet is considering getting property companies to issue land-backed securities in order to help revive the real estate market, the Economic Daily News reported. The securities involve the sale of stakes in land to investors. Premier Tang Fei is to
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      • Article
        Lock icon Get US help to develop HK technology
        109 17 AP 1 [HONGKONG] Hongkong should hire professionals from the United States to help the territory's technological development, Nobel Prize laureate Yang Chen-ning said yesterday. The prominent US theoretical physicist told reporters during a Chinese physicists meeting in Hongkong that the territory, which is
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      Lock icon Indian bourses take a drubbing
      436 17  -  NEW DELHI BSE Index down 12% in 2 weeks on heavy foreign selling nation's reforms seen as too slow Byl Rajendra Bajpai INDIAN stock markets have taken a heavy beating in the past few weeks due mainly to heavy selling by foreign financial institutions, which
      Source: Reuters  -  436 words
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      203 15 1 WI II Founded 1995 MH National University j| of Singapore LMjj PROFESSOR TSUI LAP-CHEE M Lee Kuan Yew Distinguished Visitor ffl g THE HUMAN GENOME PROJECT H WHERE DOES IT TAKE US TO? Jjg jjj Date Wednesday, 2 August 2000 EES 2 Time 6.00 pm H Venue Lim Seng
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      12 15 Profit margins seen hit as baht falls to 10-month low, Pg 16
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      35 16 CUSHMAN WAKEFIELD advised and represented W?wMM r -.^Bi uuNET rmm An Md World Com Company H ■SgsS|S::-v.. 11 in the leasing of its new corporate office Suntec City Tower TENANT REPRESENTATION SERVICES ASSET SERVICES www.cushwakeasia.com
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      201 17 TJi < "'I n ;:V Infinite Flexibility. You've got your business up and running and just about covered ecßeans™ Product Suite everything. Now, back to the drawing board. Because the worst scenario is somewhere down the road, your e-business hits a brickwall. Your e-business platform should not only be reliable,
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  • WORLD news
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      Lock icon Mori says sorry over scandal-tainted Kuze
      502 18 TOKYO Furious demands from opposition for him to take blame for choice Reuters JAPANESE Prime Minister Yoshiro Mori apologised in Parliament yesterday for picking a scandaltainted lawmaker for a top Cabinet post in the face of furious demands from opposition members he take the
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    • Article
      Lock icon Store's poor debut puts Japanese IPOs in doubt
      256 18 TOKYO Uncertainty comes ahead of another NTT shares sale FT INVESTMENT bankers in Tokyo are concerned that they may be forced to postpone upcoming initial public offerings following last week's disappointing debut of Lawson, the convenience store chain. Bankers saw the flotation
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    • Article
      Lock icon Pearson agrees to pay US$2.5b for NCS
      177 18 LONDON Reuters BRITISH media group Pearson said yesterday it had made a US$2.5 billion (554.3 billion) agreed cash offer for US education services company National Computer Systems Inc (NCS) in a move to create the world's leading integrated education company. Pearson said it
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      Lock icon We can survive, says Dresdner chief
      409 18 PEOPLE Talks with Commerzbank failed as they could not agree oa a concept that wffl satisfy all interests AFP [HAMBURG] Dresdner Bank, the third biggest bank in Germany, will be able to survive on its own following the collapse of tie-up talks with smaller
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      Lock icon No merger with Boeing or Lockheed: BAE chief
      282 18 LONDON FT A MERGER between BAE Systems and one of its big two US rivals, Boeing and Lockheed Martin, is "completely impossible" in the foreseeable future, according to Richard Evans, the UK defence and aerospace group's chairman. Mr Evans said in an
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      Lock icon HSBC half-time profit soars 31% to US$3.5b
      855 19  -  Lower provisions, write-backs, recent acquisitions boost bottom line From< Quak Hiang Whai in Hongkong HSBC Holdings did not disappoint the market yesterday when it unveiled a 31 per cent rise in interim profit as the bank set aside less money for bad loans
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      Lock icon Bush leads Gore by only 4 points in Reuters poll
      353 19 PHILADELPHIA Reuters REPUBLICAN George W Bush is leading Democrat A 1 Gore in the US presidential race by only four percentage points, according to a new Reuters/Zogby poll released yesterday. The poll of 1,004 likely voters conducted by pollster John
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    • WORLDWatch
      • Article
        Lock icon Glaxo shareholders back merger
        43 19 Reuters [LONDON] Glaxo Wellcome pic shareholders yesterday backed the company's planned merger with SmithKline Beecham pic to form the world's largest drugs group by market share. SmithKline shareholders were expected to follow suit at a separate meeting later yesterday.
        Reuters  -  43 words
      • Article
        Lock icon BMW posts 67% jump in H1 profit
        74 19 Reuters [MUNICH] German luxury car maker BMW yesterday reported a 67 per cent rise in first-half net profit, at the upper end of market forecasts, in its first set of interim results since shedding its loss-making British unit Rover in May. Group net
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      • Article
        Lock icon Union Carbide doubles Q2 earnings
        62 19 Reuters [DANBURY, Connecticut] Union Carbide Corp, which is being acquired by Dow Chemical Co, said yesterday its second-quarter profits more than doubled, surpassing Wall Street estimates, despite rising costs for raw materials and energy. Union Carbide said net income jumped to US$l3O million (***** million),
        Reuters  -  62 words
    • Article
      Lock icon Hang Seng, Hongkong Bank interim profits rise
      304 19 HONGKONG Reuters HANG Seng Bank Ltd yesterday said its net profit rose 21.9 per cent in the first half of 2000 on the back of higher fee income and sharply lower provisions for bad and doubtful debts. Hang Seng Bank, 62 per cent
      Reuters  -  304 words
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      321 18 NOTICE IS HEREBY GIVEN that I, TAN LEE HWEE, EMILY, of 485, Yio Chu Kang Road #01-04, Castle Green Singapore *****7, have applied for a Public House- Second Class Licence in respect of BILLY BOMBERS CLASSIC PTE LTD located at 160, ORCHARD ROAD #B 1-13 ORCHARD POINT, SINGAPORE *****2, and
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      303 18 notice NOTICE IS HEREBY GIVEN that, ICHONG YIK HWEE of 91LENGK0NG DUA Singapore *****8, have applied for a BEER HOUSE IST CLASS licence in respect of M/s LIGAO INTERNATIONAL PTE LTD located at 259 GEYLANG ROAD, Singapore *****5, and that this application will be considered by the Liquors Licensing Board
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      400 18 NOTICE IS HEREBY GIVEN that I, CHEN FARN TAT of Apt Blk 106 Simei Street 1 #03-812, Singapore *****6, have applied for a Beer House 1 st Class Licence in respect of SAN YUEN CORPORATION PTE LTD located at BLK 164 BUKIT MERAH CENTRAL #*****1, SINGAPORE *****4, and that this
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      194 18 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF MICRON SEMICONDUCTOR ASIA PACIFIC PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuont to Section 308 of the Companies Act, Cap 50. that a Final Meeting of the Members of
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      110 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF KEAK SINGAPORE (PTE.) LTD. ON LIQUIDATION) NOTICE OF MEMBERS VOLUNTARY LIQUIDATION NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Members of the abovenamed company held on 25 July 2000 it was resolved that
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      186 18 la the Matter of PACIFIC SEA CRAFT (ASIA-PACIFIC) PTE LTD (la Bflnbtn' voluntary liquidationi Aad la the matter of Section 308 of the Companies Act (Cap SI) ADVERTISEMENT OF FINAL MRETINC. OF COMPANY NOTICE it given that pursuant to the Companies Act (Cap SO). Section 306. the Final meeting of
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      55 19 Looking Forward to Tomorrow A New Name A Fresh Focus •I I Htjc. Nomura/JAFCO Investment (Asia) Ltd is proud to announce our new name, JAFCO INVESTMENT (ASIA PACIFIC) LTD, in conjunction with the celebration of our 10th anniversary. We remain committed w* to building the businesses of dynamic W companies
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  • FINANCE & commodities
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      Lock icon Futures track stocks to finish up
      305 20  -  SOX Derivatives TradlnReports ST Index/MSCIS*por6 Index Chan Yet San Refco Singapore THE Singapore stock market inched higher yesterday in a very slow trading session. The Straits Times Index gained 0.6 per cent to 2,051.21 points. Within the index, 20 counters rose, 24 fell and
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      Lock icon Futures fall 0.3%, taking Nasdaq's lead
      234 20  -  MS& Taiwan Index Chan Yet San Refco Singapore THE Taiwan stock market ended lower yesterday even with the threat of intervention from state funds. The MSCI Taiwan Index fell 0.38 per cent to 359.19 points. Trading volume within the index was 594.02 million shares
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    • Article
      Lock icon Oil drifts as it waits for new leads
      183 20 ENERGY REPORT Reuters [LONDON] OU prices traded sideways yesterday, struggling for fresh momentum as traders awaited new developments to give the market direction. International benchmark Brent crude futures for September delivery were trading two US cents up at U5527.38 a barrel, drawing
      Reuters  -  183 words
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      Lock icon CURRENCY REPORT
      336 20 Reuters liondon THE US dollar revisited 10week highs against the yen yesterday amid speculation that the Federal Reserve may have to raise interest rates as soon as August to cool the US economy's record-beating expansion. The impact of stronger-than-expected US second quarter growth figures released on Friday spilled
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      Lock icon Untitled
      1185 20 PTTERBAMM CROSS RATES 3 F* Dm MS Hit Npt« Yan Wo. tM M8Mib Hm SS la* Sir 1$ UK N— Australia 0.859 4127 0.690 4.130 1-231 4535 26.168 52.248 0.637 6.494 2.210 1.279 ***** 26.066 1008 4046 0.975 *.067 ***** 0388 0582 0733 4406 1433 76 30.448 60.794 0.741 7.556
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      1786 20 SICOM FUTIIMBS Jul 31 RU8KB (Mam ctosmg at UOpM RSSICOIimCTOMfltjAfl) Ctos# Votam OpM Itoffc *M» Uw Sott (twm) tottmt Am 00 H3.50 StpOO H6.75 116.25 116.25 100 400 Oct 00 117.50 *0*00 118.75 8SS 3 CONTRACT (US catfi/hf) VoMm Open Mwtt *N* Uw Sott (towwi) Moroat AttqOO 65.00 1900 $M
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  • STOCKS east asia
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      Lock icon HK falls below 17,000 on interest rate fears, tech selloff
      2780 21 HONGKONG Reuters CI Han* Seng -342^5 HONGKONG stocks ended 2 per cent lower yesterday, pressured by share falls in the banking and technology sectors after unexpectedly strong US economic growth data renewed fears of interest rate rises. A late rebound
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      Lock icon CHINA
      961 21 Reuters n Shenzhen B Index +021 CHINA'S hard currency B shares closed up yesterday, buoyed by more domestic A shares recording closing highs due to interest in technology stocks and as companies were seen likely to restructure their assets. The Shanghai B Share Index gained 1.4 per cent to
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  961 words
    • Article
      Lock icon TAIPEI
      352 21 AFP Qwr Index -29.01 TAIWAN share prices finished 0.4 per cent lower yesterday in lacklustre trade as government buying to support prices eased, dealers said. The Taiwan Stock Exchange Weighted Price Index slipped 29.01 points to 8,114.92, on turnover of NT550.85 billion. "Most investors were reluctant to trade since
      AFP  -  352 words
    • Article
      Lock icon More selling not ruled out as Nikkei falls
      1982 21 TOKYO Reuters Q Nikkei 225 -***** TOKYO stocks wilted yesterday as another sharp drop on the US Nasdaq market last Friday reinforced fears of a prolonged downturn in global technology stocks. Traders said the resignation of Japan's top banking regulator amid revelations
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  • STOCKS klse
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      Lock icon KL ends off lows on institutional buying
      412 22 AFP CI Composite Indei -0.26 MALAYSIAN shares ended fractionally lower yesterday but were off earlier lows foUowing late institutional support, dealers said. The Kuala Lumpur Stock Exchange Composite Index closed down 0.26 of a point at 798.83, offa low 0f784.95. The Second Board
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    • Article
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      8123 22 MOUSTMALS CoauMr protects 2000 Last Vol Day Mat Cap Mhh Low Company Sal* 'OOO High Law P/E SmN 420 310 Ajtnomoto 350 19.1 141.9 158 62 Angkasa 70 1 2 70 69.5 103-2 670 290 Apollo Food Hlg 460 -4 1 460 460 10.0 184.0 3350 2700 BAT 50c 3250
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  • SGX clob & regional stocks
    • Article
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      2633 23 BOWPS A WARRANTS M3I sr- a ns jf i s 51.5 16 s Acma W*****4 MS -O 5 in 16 5 ui M u< 38 7 J T "1 165 17 *2 *K 1 31 24.5 s Amtak W*****0 J* -05 31 26 26 26 28 ,1 2i® J '°0
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      Lock icon BANGKOK
      769 23 AFP □seriate -433 THE Thai stock market slipped 2.4 per cent yesterday, continuing its rapid decline, in line with lower regional markets and due to continuing weakness in the baht. Selling across the board also stemmed from fears of US interest rate hikes after the release last week of
      AFP  -  769 words
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      Lock icon MANILA
      275 23 AFP Q Composite Index -19.91 PHILIPPINE share prices fell 1.4 per cent yesterday on concern that weak second quarter corporate results foreshadowed a possible economic slowdown. The Composite Index fell 19.91 points to 1,417.17. Turnover amounted to 1.37 billion pesos. —AFP rwn MRC Allied 0.50 unch 0 Abacus Construction
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      Lock icon JAKARTA
      682 23 AFP Q Composite Index -6.61 INDONESIAN share prices closed 1.3 per cent lower yesterday amid cautious sentiment ahead of next week's annual session of the People's Consultative Assembly (MPR), dealers said. Bakrie Securities dealer Denny Riyadi said market sentiment was quite negative, mainly due to a lack of clear
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    • Article
      Lock icon WELLINGTON
      274 23 AFP Q SET Index -9.35 NEW Zealand share prices finished 0.4 per cent lower yesterday, following falls in US markets last Friday, dealers said. The benchmark NZSE-40 Capital Index closed down 9.35 points at 2,103.88 on turnover of NZ$lO4 million. Mm y- rw» Adventage MOS 2.57 -0.03 164 Air
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      Lock icon SYDNEY
      555 23 AFP PMOrfflniries -140 AUSTRALIAN share prices ended slightly weaker yesterday despite a strong recovery after technology stocks led the market down early in the session, brokers said. The All Ordinaries Index finished 3.40 points lower at 3,215.70, while the SP/ASX 200 fell 1.6 points to 3,253.4. Turnover totalled 530.76
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      Lock icon SEOUL
      302 23 AFP Q Composite Index +1&32 SOUTH Korea's Composite Index yesterday closed up 13.32 points at 705.97. Volume was 218 million shares worth 1.6 trillion won. AFP MX «fArwm Sktw ***** 450 Br Mn Tocli TVS -5 Central Bank 610 -5 ChtflComm *****0 1500 Dm Gu Bank 2100 -10 Owsanq
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      331 24 B r*ljr^% ,>" 4±JmKr^' -i: *rifV* i/ t^«J& li<43?-<t6 v "> XT\.*r!«^ r '•'•iS l !£foih£ r I *s 'T'-' i;> -*<f^-^ >~.'1 v 1 |r "Hr lw& •-> t vi^jfc*" 1 •>-., Br ■S!@v > v Xh.4. -v MSil M& ■3» te v OJ V i 1 m 'V
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  • Article
    Lock icon STOCKS sgx
    9178 25 SGXMAINBOARD Transaction date: Jul 31 Cr Gr M Wt 32-Wk List VoI Day Last Quote Dtv CM* YM Net Cap Ayg ►**♦> Low Company Sato COOP) Hmi Law Buyr »*fc C yr H P/t Smil Price MULTHNOUSTIY 163 KJI m c Ac ma 50c 115 -1 71 US
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  • KNOWLEDGE economy
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      Lock icon Playing catch-up in e-learning
      1291 26  -  A new educational paradigm is needed for tertiary institutions to catch up in the New Economy, Wharton's Prof Wind tells m""™ me KENNETH LEE THE world of academia is lagging the corporate world in its response to the New Economy, says Yoram (Jerry) Wind, professor of
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      126 26 STATE OF THE MARKET NIGHT OWL BROKER DIRECT IPO WATCH STREET BUZZ BREAKOUT ECONOMIC FLASH BH HUB HHH ■BB^^^Ba www.asiaxis.com provides objective, unbiased and insightful financial news and information. We aim to deliver greater depth and insight to the avid investor. Our intuitive financial tools are designed to empower and
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      46 26 A MEETING B IJ j F GREAT MINDS 3k fr 12 1 StPTCMBER 2a jPifc I Singaporl Expo, Hall 4 YWVIYfcb m CONTRACT MANUFACTURING b PAVILION Din •£-PAVILION FACTORY AUTOMATION PAVILION O c; REGISTRATION FAX THIS TO (651 33a 246 O R REGISTER AT www.GLaBALTRaNtcB.caM.SG HS3yiBaUBHMUi£iaJHHI^^HHP
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      223 27 Where to wine, dine and mmSftZ Roti prata, sashimi, torn yam prawns, drunken chicken or New Zealand Outlands roast sirloin beef. You'll also stand a chance to win two air tickets and hotel stay to New Zealand. Japanese Buffet Lunch $23.90 (Adult), 40% discount (Child) Euro-Asian Buffet Dinner $24.90 (Adult),
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      86 27 &> mm HOTEL GRAND CENTRAL UMfTED I I 22 Orchard Road/Cavenagh Road, Singapore *****7 1 I Tat 737 9944 Ext 400/02 Fax: *****75 T^A rt TtpfMnyiki txfitxUnct at tfu. lamt team of fixoftaionatget jL/ tocjttfitx ones again continue, out v'Je/\ TT> ifltciai lefaiionifiip [RESTAURANT I CHIDOKI with you. 1 We
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  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      808 27 Oantral Wheel Of Fortune. SJO Love At Last. night H" 0 Kt Ccntra,:Sesa 22S ffih! y {S„«e tS a,ch 10.00 The Adventures of Pad- Ltd PM TV Innovations. LO2 Business Tonight (r). dington Bear. &30 Spin k'2S «r H ra V» 1-30 Inside Story (r). 10-30 Tweenies 9 .00 That
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      Lock icon Page 27 Miscellaneous Column 2
      251 27 C'KVFTIC CROSSWORD ACROSS 5 Jolly underwater blue (10) 1 Butterfly's shock, given run of Modem auto dept refurbished bad luck (10) (2-2-4) 6 Common curse of copper join- 8 Shrill-sounding, like a bam owl ing ship (4) (8) 9 Catching toucans, Igo crazy 11 He analyses the writer's work (10)
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      1842 28 ADVERTISEMENT You Can Have A Winning Investment Strategy fc Successful investors around the world are increasingly Your multi asset portfolio should be globally diversified. Multi-Style Multi-Manaaer a I" 9 r T LT MAN h A f R MU T STYLE MULT| M3rke,S in differeM regions and countries can perform Fund
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  • SHIPPPING TIMES
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      Lock icon FREIGHT MARKET
      265 29 Reuters THE Baltic Dry Index (BDI) rose six points to 1,634, the Baltic Handy Index firmed two points to 1,122 and the Baltic Capesize Index climbed 16 points to 2,184 points, while the Baltic Panamax Index fell two points to 1,605. At 1405 GMT, Biffex was 41 points
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      Lock icon MARITIME STOCKS
      288 29 MX '000 Mil a m CWT Distribution 0.77 -0.01 4 Chuan Hup 0.40 -0.01 369 Cosco Invastmant 0.20 -0.01 199 Freight Links 0.20 unch 241 Ca HokHnqj 0.69 unch 0 Kai Sun Hup 0.37 -0.01 210 IMC HoMlngs-HK 5.60 unch 0 Jay* Holdings 0.17 unch 332 KappaiCorp 3.84
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      Lock icon UN targets alien invaders carried by global shipping
      559 29  -  Initiative launched to assist developing countries reduce transfer of harmful marine organisms By] Donald Urquhart [SINGAPORE] A United Nations (UN) task force met recently in London to launch a new initiative the Global Ballast Water Management Programme, or Gloßallast in a bid
      559 words
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      Lock icon Surging trade boosts cargo at LA, Long Beach
      505 29 Record volumes as Asia, US economies continue to grow strongly AP [LOS ANGELES] Boosted by a welcome jump in US exports, surging Pacific Rim trade has pushed cargo volume to record levels at the ports of Los Angeles and Long Beach, the
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      Lock icon China shipping finns carry more cargo
      104 29 Xinhua [BEIJING] China's two top shipping companies, China Ocean Shipping Corporation (Cosco) and China Shipping Corporation (CSCO), reported stable growth in the first half of the year, according to the China Shipping Weekly. Cosco's shipping volume topped 76 million tons, up 14.2 per cent
      Xinhua  -  104 words
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      Lock icon First-half volume at Tg Pelepas hits 48,668 TEUs
      279 29  -  By. Donald Urquhart [SINGAPORE] The Port of Tanjung Pelepas (PTP) handled a total of 48,668 TEUs (20ft equivalent units) in the first six months, according to figures released by the Malaysian port. Although the port's first quarter (Ql) throughput of 29,747 TEUs
      279 words
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      Lock icon HK terminal handles record container volume
      161 29 Bloomberg [HONGKONG] Rail giant CSX Corp said its Hongkong container terminal operation had set a productivity record for handling the largest-ever volume of containers at a single berth in one week. Sea-Land Orient Terminals Ltd (SLOT), the local operation of CSX World Terminals which
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        Lock icon Adequate spares on ships should not be seen as optional
        688 30  -  DOCKYARD By David Hughes EVERY year, the Londonbased Salvage Association (SA) presents its annual report. Every year, many of the same causes of accidents and damage are reported. The SA's report deserves to be read by all those involved in
        FILE PHOTO  -  688 words
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        Lock icon Indonesia No 1 on high seas danger list
        274 30 AFP [KUALA LUMPUR) Piracy attacks on the international high seas rose slightly to 161 from January to June this year, with Indonesia topping the list as most dangerous, officials said Friday. "Ships calling at the Indonesian ports of Belawan. Jakarta. Merak, Samarinda
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      179 30 PAGE Djak Lloyd 8 ACL 6 Oongiwnu 3 ANL 3 E«strans 6 Accofd 8 ECl 4 Appenship 5 ECU Line 6 Assets 8 Evergreen 6 Austral 8 FoongSun 8 Balaji Shpq 5 7 BSA 7 G Link 4 B tang Mas 8 Gemartrans 6 CCNI 7 Hanqli
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      19672 37 THEBUSINESSTIMES thebusinesstimes EXPORT ETA ETA Advertiser Vrssel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Name Name Number Number SIN Destn Name None Number Number n/08 21/08 Evergreen FEIYUN ME 510 65 3921m To ABIDJAN (ABJ) 2003 Cot* D'lvolre n/oo 2t/08 ngpl fei vun he vsio
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        Lock icon CONVENTIONAL WHARVES
        789 41 Vessel Voy No Berth Arrival Departure -Umb Jaya Jut-01 31/07/7:50 31/07/23:00 Winstar 1 73SOO J03 3V07/810 31/07/23:59 Jin Hwei KH 97 J02 31/07/7:55 01/06/23:00 BayswatertlB M0W7 J03 31/07/8:50 31/07/16:00 Ef 23 146 J02 31/07/9:05 3V07/17:30 Langmas 3 11/00 J03 31/07/1000 31/07/2200 Mjfcopoto 26 Jm0058 J17 31/07/9:40 01/08/6:30 Bt
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        Lock icon CONTAINER SCHEDULES
        1923 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From ACI DAHLIA 0241 I/2JOO II 30/BM 30/1*59 30/BM M 10/1700 31/0*59 3i/0«0 n M/Ino 31/0451 31/0900 1 31/0700 3VH59 31/1400 3V12M 31/1459 31/1700 ACI lA/fltS 040* 1/8 00 30/1500 30/IM
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        Lock icon GLOBAL HOLIDAYS
        181 41 Aug 0 Singapore: National Day. Aug 12 Thailand: HM The Queen's Birthday. Aug 15 Germany: Assumption Day. Korea: Liberation Day. Angl7 Indonesia: Independence Day. Ang 27 Philippines: National Heroes Day. Aug 28 United Kingdom: Summer Bank Holiday. Aug 31 Malaysia: National Day. Sep 12 Korea: Harvest Festival Day.
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        Lock icon COCKETT BUNKER MARKET REPORT
        767 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 indicated. The Cockett Bunker Price Index change and the
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        512 41 Cvfcwi >80 Mm 990.8 0.4 18.1 0.06 79 0.04 M 27 Density Weter Residue Aih Aluminum Sediment No Wove E2S 0 0 i 0 0 0 J155" 380 Ave 967.0 0.4 13.9 0.06 36 0.02 Cum 380 Mm 993.9 t7 18.2 0.09 73 0.0S »M/M %M/M
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        Lock icon Aero-engine deals top US$4b at UK air show
        164 42 [FARNBOROUGH, England] Aero-engine sales worth more than US$4 billion (556.96 billion) were announced last week at Britain's Farnborough air show, which also saw opportunities open up for billions more, a Reuters compilation of announcements shows. General Electric Co sold the most, boosted
        164 words
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        Lock icon Northwest to end Milan flights
        86 42 Bloomberg [ST PAUL, Minnesota] Northwest Airlines Corp, the fourth-largest US airline, will end daily flights between Detroit and Milan on Oct 28 because of low profitability, freeing planes for more flights to India. Northwest will keep offering connecting service on the Detroit-Milan route through Italian
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        Lock icon Stranded Concorde passengers to complete flight on B737
        464 42 BA aircraft forced to make emergency landing in Newfoundland AFP [MONTREAL] Passengers stranded when a British Airways (BA) Concorde aircraft was forced to make an emergency landing in Newfoundland, Canada, were awaiting the arrival of another aircraft early yesterday to complete their
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        Lock icon United Air pilots target Sept 4 for accord or strike
        508 42 Bnt union says progress being made in talks with management Bloomberg [CHICAGO] UAL Corp's United Airlines pilots will trigger the strike process against the world's largest airline if negotiators fail to reach an agreement on a new contract by Sept
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        Lock icon Jumbo lands safely
        75 42 [NORTH BAY, Ontario] Passengers and crew are helped off a United Airlines 747 after it made an emergency landing in North Bay, Ontario, Canada. The 747 aircraft was travelling from Hongkong to New York when the pilot alerted the airport in North Bay, about 320 km north
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        Lock icon Operators of Beijing Tianjin airports to merge
        196 42 Reuters [BEIJING] The parent of China's Beijing Capital International Airport Co Ltd is planning to merge with the operator of Tianjin's airport, a Civil Aviation Administration of China (CAAC) official said yesterday. The merger would create a group with 20 billion yuan (554.16
        Reuters  -  196 words
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        Lock icon American Airlines seeks to sue US govt in fatal crash case
        384 42 AP [LITTLE ROCK, Arkansas] American Airlines sought court permission to sue the Federal Aviation Administration and the air-traffic controller on duty the night a plane fatally crashlanded in a thunderstorm at Little Rock National Airport. American claims the air
        AP  -  384 words
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1984 42 CITY FLIGHT ETA FUCHT ETD 0F6 1805 LH6373 2350 Abu Dtvab. GF249 0700 S07J83 2335 $026 2350 MataMt 8A7381 1930 BA7382 2055 SOW» 1530 SOWO WO OFSi 1930 QF82 2055 S0003 1M0 C2352 OMO AN8229 2230 CZ351 2045 S0804 1020 H58 2230 HMKri VN/S0741 1310 VH/S0740
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      286 29 Adequate spares on ships should not be seen as optional Pg2 Indonesia No 1 on high seas danger list apg2 r Q f g q\|qj g Freightpac 2000 the complete web-enabled multi-currency backoff ice solution for Freight Forwarders V Operations Module Account! Module System Administration Module I Accounting documents for
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      797 30 l~ IMPORTi I 1 NORTH AMERICA f~j GULF/INDIA SUB-CONTINENT ISUPER SHUTTLE EXPRESS (SSX) GULF KARACHI EXPRESS (GKX) VOT IGO T" PKLANG VESSEI VOT MM MM KWT JEA IWDI CM IPKIANG pST* OOCI AMERICA 44W527 12/0/ 30/07 01/01 NYR VIRGO Mi 21/07 21/07 23/07 25/07 24/07 31/07 04/00 05/01 OOCL CALIFORNIA
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      731 30 Lines services represented by Members of tfie Registry of mm Accredited Shipping Agents, Singapore Shipping Association LILY UNE MALE ViSStl VOY ETA TTu ETA P. KLANG SPORE MALE Princess Lily VO5OO 06/08 10/08 17/08 Empress Lily VO7OO 24/08 26/08 03/09 Princess Lily V.0600 11/09 13/09 21/09 LILY MARINE SERVICES PTE
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      6 30 Members of the Singapore Logistics Association
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      959 31 SAX SERVICE (DIRECT) VBSB VOY SJN ETA LAX OAK DM HOU CH 001 MEM NYC AftTURQUOK 0351 26/07 10/08 IS/OS IS/OS 15/08 15/01 15/01 15/08 16/08 16/08 ATI SARDONYX 022 02/08 17/08 22/08 22/08 22/08 22/08 22/08 22/08 24/S 24/08 AFITOURMAUM 036f 09/08 24/08 29/08 29/08 29/08 29/08 29/08 29/08
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      1676 31 OHANJIN SHIPPING likFl 4 Its My* Lot -Mb *****30 HAMJIH SHIPPING (S) PTIITB ta* !/wm bap cam lOOWNG *****3 5 737 SAUS *****74 731 OOCUM£NT *****71 774 OPEIATKMS *****50 751 MAI* LINE *****55 FAX 5X1145 CI NO **********0 M TO NW USA A CANADA USA fAMAINV "rovsTTvoi mm sm umhau/voy
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      255 31 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220-8558 SlMlltft Attßfs: oj. vt i a h.4 b Ulootoo |ia ftkd MaAara SUpptof A|aacias Pit 111 *****51 *03-7677 «»7|F.i) Ml *****533 hi": HO4IU/***** IS Faaafca JarAiaa Skl, f la f *««a<i«« SAa 6M L f«aa,:(Wl
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      1643 32 SENATOR LINES TO UK/CONTINENT TO MEDITERRANEAN/C ANAD A WW MW LEH IW W Ml w M 1 vessel Ivor SM sit spe fOS W.C *rnT CHOYANG MM 001SW UK 11H 20 00 Hi 22 00 9* 24 88 MNSMM 0030W 03 OS 20 08 22 OS HAMJM SINGAPORE 0050W 04
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      1024 32 ■LAS MAC-NELS S'PORE M'SIA I *»K» A -I CMTtofJ MN CONTR LINES, INC P. GUOANG: (07) *****26 l-lvy J NO. ISOOmoOOOE SIBU: (084) *****8 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P- KELANG: (03) *****77 JKT: (21) *****45 KUCHXG (082) *****1-3 BUENOS AIRES/SANTOS MV "EVER
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      771 32 s£f (If EXPRESS CONTAINER FEEDER FOR N SHEVA (CFS MULUNO. MUMBAi. COLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN I C O POINTS Vernl S PORE N SHEVA COLOMBO P KLANG CAPE CREUS V 11OW 06 AUG 15 AUG 19 AUG 25 AUG CAPE CANAVERAL VI27W 13 AUG 22 AUG
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      1740 33 OVESSEI VOY HKO KHH I SIN I PKL PXB lA* DMM OIK IRAN TABATABAEI PCL-165 27/07 29/07 03/08 04/00 12/08 13/08 15/08 17/08 IRAN ISFAHAN PCI-166 03/08 05/08 10/08 11/00 19/08 20/08 22/08 24/08 IRAN BAAKERI PCL-167 10/08 12/08 17/08 10/08 26/00 27/00 29/00 31/00 IRAN HESABI PCI-168 17/00 19/08
      1,740 words
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      1188 33 )mm 1 HI M M rmumhi > I ■■K xuumii > I M R M,NS<WR[> 11L 226 1900 S, o u ?f,?.?.!!iffJ N6 m ITD #,2 SALES/RKGS *****57/43 INWARD DEPT (D/ 0) *****86 COSTAR AGENCIES (M) SDN BND [CR WO: *****89Q000M SINGAPORE *****8 CONVENTIONAL *****01/S5O T/SHfMT DEPT *****25 TEL 02-07-35
      1,188 words
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      1167 33 EUROPE EXPRESS SERVICE EXPORT IMPORT vtssa |wt Jawlumln» 1 am 1 nam onv Irx yum vqy rtm ham fu hh m ss> sb wtmM mm m m-m m -w-n-wk ss?» sir as 8« ii Slfii sIL*. :a M aai MHEvaKimtiß'lira Is KgnwmMßnn WIMDMHH fumyf EXPORT IMPORT vissa VOT SM IGI
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      595 34 ■uaow/UK/scAWP>*AviA/nNuwp/nwiu satvias EXPORT vessel/voyage Isgp Irdm hw n* zii a*w lhv~ E. DELUXE RW-014 W 24/ 08 26,08 2|/0I 29. W 31/0® X/W LDEU6HT RW-014 )2A» 31/W 02/W 04/W 05/09. 07/ M 06/ 09 L OUDENRW-012 19/W I 07/W W/W 11/W 12/W 15/W 13/W ALSO ACCEPT** CARGO TO ANO FROM:-
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      400 34 AMAMAM WMiAH OIAMNDIAN X CONIXNT SWVIO IXfpRT VESSEL VOYAGE SGP CM DM MA AMJ DMN IAM KM NXV XIANGHE 01SW 04/08 15/ M 16/08 11/08 UNASPIK 0624 074* 07/ M 11/ M 16/08 17/ M 11/ M UN ANGEL 0137 -076W 08/08 12/W 11/W 11/W- 11/ M 13/W UNGHE OI6DW
      400 words
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      997 34 nrP ADVANCE CONTAINER LINES (PTE) LTD ttlj L- TEL: *****21. FAX *****19. TEL£X RS ***** ACLPL CR NO **********0E FOW BOOKINGS PUASf CAli: 27X3277 SAiiS A MARKETING ■AHCKOK JAKARTA (7 U.i Mf sA»Nii) _>«» _VOY SM kk —iS r^NTABKJM I PAT I JO7N_ 2/8 WW. _AJ SINAR BATAM ILfTCI) 057
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      405 34 IJNI SO TELOK BLANGAH ROAD *02-02 CITIPORT CENTRE S PORE MB TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W VBSa VOI fTA ETD QESTtMTDN NABUKWA 32?000 ffHEHM) EW2BOD PMBBANG"MUNTOM l n. MUM KAGUR ***** C OM£?MO OMETOOO PONTWMK UMMUI OWOM OME2OU IMR2OOC PONTMNAK For enquiries and
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      491 35 i BSA a, mm. MYANMA pBBk FIVE STAR LINE (Myanmar National Line) Loading for Yongon VESSEL VOY UN PKL P(N PGU MAWUMYME WW SU) SAGAJNG ttW SID MALAYSIA AGENTS: I0USTIAI) SHIPPING AGENCIES KUL m 03-*****00 PKL: TEL 03-*****101 PEN: TH 04-*****02 PGU: HI 07-*****21/4 BANK LINE (A service of Amlrtw
      491 words
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      1375 35 HYUNDAI MERCHANT MARINE CO., LTD. IVESSB VOY ISM I SOU IfH RTM ANT HAM BRV I VESSa VOY I SOU LBI I RTM ANT HAM BRV |SM APICYPRME 019W 01/01 02/01 17/01 18/(8 20/08 IRHME 5341 14/07 15/07 "71/07 01/08 NOLAMAZOMTE 030W 03/08 21/08 26/08 23/08 24/08 WY COMMOOORE 3261
      1,375 words
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      747 35 vOOv WALLENIUS WILHELMSEN TO NORTH AND lATIN AMERICA 'CAR RORO HEAVYUFT SERVICE' I VESStI [vor RAMP HEIGHT SIN LK MAO MIA SAV BAI 0«F NYC NEW MOI iTAMPERE AHOI6 400 Tom *6.3 M 11/01 09/09 17/09 25/M"ITToT WiF OSTTO" TEXAS AHOI7 400 Tom 6.3 M 28/08 25/09 03/10 06/10 25/10
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      451 36 GGB®3 saasia RCL'S STEAMING INTO CHINA FRONTIERS, PEARL RIVER DEITA PORTS VIA HONGKONG AND /i\ Apbk YANGTZE RIVER PORTS VIA SHANGHAI. GANTA BHUM maiden voyage ETA SINGAPORE 11TH AUGUST 2000 CALLING HONGKONG, SHANGHAI AND QINGDAO A/ICCORD SHIPPING PTE LTD 20 TOH GUAN ROAD #08-01 SINGAPORE *****9 TEL *****15 (40 UNES)
      451 words
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      386 36 INDONESIA NATIONAL LINE TO AUSTRALIA H FULL COWIMHER SERVICE _wr m m re m stp m m m Ire mnan m i\/vt\/u v/m u/h is/m um mmauD HT om mm ii/m 5/» n/m MSUMI ~~*T ISm |*/W n/ii ~a/i» wm as njin/M oi/wc/wm/w ~j>/w1" FEEDER SERVICE TO INDONESIA VOT munm
      386 words
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      441 36 I VESSELS VOY PKL I JED I MLA LEH RTM HAM ZEE SOT W-LEOEVWQO S36W 01/08 02/06 10*06 15*36 21/06 23/06 24/08 26/06 27/08 SAUDI JEDDAH N3BW 08/06 00/08 18/06 22/06 27/06 29/06 30/08 01/06 02/00 SAUP JUBAJL ~H3BW 14/08 "OT ~29/08 ~05E5 06/06~ 06/09 tefo SAUDI YANBU Y3BW 21/08
      441 words
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      53 39 I Shantou, Dongshan, STL CONTAINER LINE ZhangZhou For Services To Vietnam Calcutta Turn to p 3 Mon/Wed/Fri Pg 7 Worldgate Express Lines STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers Weekly FCL/LCL K1 Services To New Euro Pe T EAST MALAYSIA "'DDLEEAST 7 PORTS 5.5. ASIA service DETAILS Pg 8
      53 words
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  • Page 41 Miscellaneous
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      133 41 /J7 ggL FOR 7AM 1 AUG 2000 WBSL *1 j < (py legend Issued by Meteorological Service Singapore Thunderstorm Showers Rain Temperature Wind direction and speed in knots Cloudy Day Wea,her W Hdzy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds
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