The Business Times, 9 August 2000

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Total Pages: 38
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 The BusinessTimes MITA(P) 035/12/1999 85C SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, AUGUST 9, 2000
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  • Article
    Lock icon MARKET SUMMARY
    76 1 sn 2,***** (-14.30) BT-SRI ***** (-7.68) ST INDEX FUTURES 2.04L00 (-13.00) siMsnr futures 280.40 (-1.60) STOCK MARKET INDICES Tuesday Change KLSECOMP ***** +11.26 NIKKEI 225 15,820.11 -182.60 HANG SENG 17,211.84 -515.41 SET INDEX 318.15 +11.43 JAKARTA COMP _485.08 -5.46 MANILA COMP 1,438.74 11.36 TAIPEI WPI 7,797.78 +81.79 SEOUL
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  • Article
    Lock icon FINANCE
    77 1 FOREX BATES l'S$ s$ USS 1.727 £(USS/S$ per 1509 2.606 EURO(US$/SS/E) 0.904 1.561 DM 2.163 1582 YEN 108.7 62.90 R* 3.800 2 JO I HK$ 7.798 4.516 BAHT 41.11 23.81 RUPIAH 8,612 4,988 *SS to 100 units PRIME RATES SINGAPORE* 5.80 KUALA LUMPl'R 7.67 JAKARTA 39.06 BANGKOK 9.10 MANILA
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  • Article
    Lock icon It's 8.8 per cent growth for first half
    851 1  -  PM Goh sounds upbeat in National Day message, bat warns of challenges ahead By Chuang Peck Ming [SINGAPORE] As numbers go, it couldn't have been more auspicious for Singaporeans: 8.8 per cent economic growth in the first half. Announcing the better-than-expected performance
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  • Article
    Lock icon DBS, OCBC eyeing two HK banks?
    550 1  -  They are said to be in the running to buy Chase's retail arm and Salim group unit From» Quak Hiang Whai in Hongkong MARKET talk that Singapore banks were again in a buying mood in Hongkong resurfaced yesterday, with DBS Bank and OCBC Bank
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  • Article, Illustration
    Lock icon Music4nothing may have struck money chord
    461 1  -  -liexclusive| By Chuang Peck Ming [SINGAPORE] Music4nothing.com believes it can give away music for free and still turn a profit. The Internet startup, operating partly on a $2 million convertible loan from listed Singatronics, has set its sights far into the future becoming a
    SIEW YAW HOONG  -  461 words
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  • NEXT page
    • Article, Illustration
      Lock icon Doctor who dreams big, works hard
      456 2  -  Getting Personal By Corinne Kerk Who: Presley Orelle Reed, chairman and founder, Reed Group Holdings. Age: 54. Career path: Dr Reed obtained his Doctorate of Medicine from the University of Tennessee and was a psychiatrist in private practice between 1974 and 1977. In 1977,
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    • ON THE grapevine
      • Article
        Lock icon A melting pot
        94 2 DBS Tower should perhaps be renamed the Tower of Babble. This was suggested in jest by Chuck Newton, DBS' corporate relations boss, in view of the rich mixture of talent in the building. He told BT recently: "Well, it is an international crowd here, as you know.
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      • Article
        Lock icon Says who?
        87 2 A HANDS-FREE kit can protect you against more than 90 per cent of radiation from a mobile phone, says a new study released last week. BT Online then ran a poll to gauge the reaction of readers. The results were: one-fifth of the people polled (22 per cent)
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      • Article
        Lock icon Battle of the twin towers
        58 2 SEEMS like more building owners are mounting big screen TVs on the building exterior to generate advertising revenue and publicity for their tenants. Shaw Towers and Liat Towers are good examples. The buildings, at the corner of Orchard and Scotts roads and facing each other,
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      • Article
        Lock icon Food for nerds
        82 2 HERE'S a newsflash for computer software folks. Every Thursday at 1 pm, there is an open invitation for the "Weekly Open Source Nerd Summit" at the hawker centre in Holland Village. There, they can swap software ideas over char siew or chicken rice. Although directed at software
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    • Article
      Lock icon Icing on the birthday cake
      865 2 EDITORIAL THE icing on the cake at Singapore's big birthday bash today, as it marks 35 years as a nation, sets this year's celebrations apart from the last few: the economy has recovered its vigour. In the pageantry in the last two years, there was
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    • Article, Illustration
      Lock icon Anwar found guilty of sodomy, gets 9 years' jail
      535 2  -  Verdict could bar him from contesting in elections nntil 2020 From\ Eddie Toh in Kuala Lumpur THE Malaysian court yesterday sentenced ousted politician Anwar Ibrahim to another nine years in jail for sodomy. Judge Arifin Jaka ordered the sentence to run
      AFP  -  535 words
    • Article
      Lock icon An inn thing: National Day view of Padang
      311 2  -  Vantage-point hotels folly booked as early as two months ago By] Ling Su Ann [SINGAPOREI Most hotels around the Padang are booked out today as Singaporeans rush to join the National Day action. A BT check yesterday found that hotels with a
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Richard Li acts to raise PCRD's profile; 10-for-1 split proposed
      565 3  -  Group's chief financial officer, Peter Allen, to be relocated to S'pore next year, say sources By i Catherine Ong HONGKONG cyber tycoon Richard Li is taking steps to raise the profile of his Singapore-listed Pacific Century Regional Development (PCRD). To
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    • Article, Illustration
      Lock icon SingTel, StarHub serve notice to M1 to end resale accords
      594 3  -  Ml emphasises that this does not mean that its IDD customers should switch to competitors immediately By Ling Su Ann IN a surprise move, both Sing Tel and Star Hub yesterday issued notices to Ml to terminate the reseller arrangements
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    • COMPANY Briefs
      • Article
        Lock icon Want Want interim net profit rises 3%
        99 5 LISTED snackmaker Want Want Holdings yesterday reported a 3 per cent rise in interim net profit to $57.3 million. Higher sales of beverages and other products offset price cuts on key rice cracker products. Turnover rose 5 per cent to $279 million despite
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      • Article
        Lock icon Hotung H1 net earnings up 58%
        81 5 HOTUNG Investment Holdings booked net earnings of NT$B79 million (5548.7 million) for the six months to June 30, up 58 per cent from the same period a year ago. Turnover rose 78 per cent to NT$l.5 billion on significant divestments helped by the recovery
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      • Article
        Lock icon Keppel Fels wins US$60m contract
        78 5 Reuters KEPPEL Fels Ltd, the offshore arm of Keppel Fels Energy Infrastructure, has won a US$6O million (*****.6 million) conversion contract from Diamond Offshore Drilling to upgrade a semi-submersible vessel. Total expenditure on the conversion is estimated at US$lBO million, of which the local shipyard's
        Reuters  -  78 words
      • Article
        Lock icon New name for DBS's Indon unit
        49 5 DBS Bank said yesterday its Indonesian subsidiary, Bank DBS Buana, would be renamed Bank DBS Indonesia. The move comes after DBS lifted its stake in DBS Buana, formerly a joint venture with Bank Buana Indonesia. DBS holds 99 per cent of the equity.
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    • Article, Illustration
      Lock icon SingTel surges 3% on news of Indian telco tie-up
      283 5  -  By\ David Boey SINGAPORE Telecom (SingTel) shares closed seven cents or 3 per cent higher at $2.44 yesterday as the market absorbed the likely revenue impact of its tie-up with Indian telco Bharti. Although SingTel's price gain seemed modest against the
      Source: Bloomberg  -  283 words
    • Article
      Lock icon Metalock founder fails to unseat chairman from board
      685 5  -  By i Conrad Raj METALOCK (Singapore) Ltd executive chairman Kuah Kok Kim overcame an attempt by the company's founder Kurt Lindblad to unseat him from the board at yesterday's annual general meeting. Following a heated debate between the current and former chairman
      685 words
    • Article
      Lock icon IPC to sell Tai Seng office building for $33.5m
      248 5  -  By Ling Su Ann IPC Corporation yesterday announced that it will sell its office building at Tai Seng Avenue for $33.5 million as part of its asset realisation and debt recovery programme. IPC will sell the 236,597 sq ft building to
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    • Article
      Lock icon Don't begrudge ST Engg staff their due
      687 5  -  lock siew david boey BARELY three years after it was formed, Singapore Technologies Engi neering has made good its pledge to boost shareholder value by becoming a major player in the world's defence industry. Every dollar invested in the company since Aug 28,
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    • Article, Illustration
      Lock icon L&M to buy 90% of VDH for $35m
      428 5  -  VDH expected to contribute $30m-s3sm in revenue this year By* Tay Hong Seng L&M Group Ltd said it wants to buy an approximate 90 per cent stake in Van Der Horst Ltd (VDH) for $16 million. It will also assume VDH's restructured
      FILE PHOTO  -  428 words
    • Article
      Lock icon UOB move skews IPO subscription rate: industry
      571 5  -  Underwriter's buy of eWOS public shares raises eyebrows Byi Andrew Wee INDUSTRY sources are questioning UOB's decision to apply for eWorldofSports.com shares, which it underwrote, saying the move did not reflect market demand. United Overseas Bank told the Singapore Exchange on Friday it
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      162 3 dr Infinite Vision. You've been looking all this while. But now you shall see. And the ecßeans™ Product Suite future never looked so clear. Because now, the visionary in you can proceed With masterplans you never dreamed possible. Finally. Tradeßeans™ Empowers your 828 e-marketplace and online procurement. ecßeans™, Ecquaria's suite
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      585 4 Stocks Volume Reed Grp 5c 57.672,OCX) PNE Ind 10c 16.983,000 Stratech 5c 10,989,000 SMRTIOc 10.263,000 FHTK Hldgs 20c 10.013.000 Liang Huat 10c 9,829,000 L&M 50c 9.545.000 IPCO 20c 9,107,000 tonics P$1 00 9,071,000 ISoftel 5c 8.421.000 I M-4 JM STTTWrwmwrV InL'MB.tTH-Q L-Jr-Ji Stocks PacificCentury 75,549.004 OCBC 72,236.670 DBS Grp 38.360.940
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    • Article, Illustration
      Lock icon Lethargy persists, with STI dropping back 14 points
      519 4  -  I lI comment STOCKS r. sivanithy LOCAL stocks failed to shake off their lethargy yesterday and instead fell victim to a late decline in Hongkong where the Hang Seng Index plunged 515 points or about 3 per cent. But it wasn't all
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    • Article, Illustration
      Lock icon Trading in SuperBowl wrt reflects market mood
      191 4  -  WARRANT WATCH R Sivanithy ANYONE wanting a quick snapshot of the current stock market sentiment should take a look at the percentage gainers' list. If the market were in a bullish phase, this list should be heavily pop ulated by warrants. Since this
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    • Article, Illustration
      Lock icon OCBC selldown could continue
      227 4  -  HOT STOCK liy Ven Sreenivasan The stock of OCBC Bank was on the actives list for the second consecutive day as it slipped another 70 cents to $11.40. A total of 6.2 million shares changed hands. This brought its loss to $1.40 or almost 11 percent
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    • Article
      Lock icon Market Notices
      145 4 ♦HOTUNG Investment Holdings announced that its shareholders have, via a special general meeting, approved and authorised the acquisition 0f72.75 per cent of Futung Venture Capital Corporation, 83.95 per cent of Wantung Venture Capital Corp and 94.99 per cent of KC Venture Capital Corp. ♦COMFORT Group will hold its
      145 words
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      15 4 I Business Class? http://business-times.asial .com.sg Before you travel, make a note of our website address
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      99 4 YOU CAN NOW PUT YOUR CPF SAVINCS IN EIGHT. important All applications for units in eight 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 fall as weflasnse Q| »BSB-vk Larry Wee's currencies
      99 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon ERP won't be extended for now, says minister
      425 6  -  Motoring costs to go down as road-tax rebate instalment will still be paid Christopher Tan THE overall cost of motoring is set for an uncharacteristic dip. Yesterday, the Minister of State for Communications IT John Chen announced that a planned extension of
      FILE PHOTO  -  425 words
    • Article, Illustration
      Lock icon NWC chief, NUS don to get Distinguished Service Order
      244 6 THE chairman of the National Wages Council, the retired head of Civil Service and a former vice-chancellor of the National University of Singapore head this year's National Day awards list. NWC chairman Lim Chong Yah, former Civil Service head Lee Ek
      FILE PHOTOS  -  244 words
    • Article
      Lock icon Citibank offers wireless service
      183 6 Consumers can access stock prices, financial information via Net, handphones CITIBANK yesterday launched a new wireless service called Citibank Alerts, giving consumers free access to account information, stock prices, financial news and the bank's products. Users can access the service through the Internet or handphones. Through
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    • Article
      Lock icon Workers' upgrading on track: Boon Yang
      411 6  -  He is upbeat over training 100,000 workers by 2003 despite slower take-np for skills programmes By 1 Eugene Low THE rate at which people are signing up for the skills redevelopment programme (SRP) may have slowed with Singapore's economic recovery, but the government remains
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    • Article
      Lock icon EDB honours foreign company chiefs
      196 6 NINE foreign investors were given inaugural Business Friends of Singapore awards by the Economic Development Board (EDB) yesterday. The BFS award is one of three corporate programmes the EDB uses to recognise the contributions of overseas investors. It is also the first award given to
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    • Article
      Lock icon Two focus groups to study land use in Concept Plan: Mah
      439 6  -  By Marissa Chew THE first of the public consultations on Singapore's new Concept Plan will take the form of two focus groups who will study land use, Minister for National Development Mah Bow Tan said yesterday. Speaking to reporters
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    • Article, Illustration
      Lock icon US' June electronic parts orders up 41.8%
      350 6  -  the economy US electronics demand Ny David Boey US orders for electronic components rose 41.8 per cent or U555.25 billion (Ss9.l billion) year on year to U5517.82 billion in June, figures from the US Commerce Department show. Despite the rise, the June figure
      Source: US Dept of Commerce  -  350 words
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      Lock icon Page 6 Advertisements Column 1
      27 6 Someone keen on expanding horizons. Someone who will relish the responsibilities. Get the edge in hiring the right one. TheStmitsTiiiK's Call I 800 74 I I 883
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  • e-NEWS
    • Article, Illustration
      Lock icon John Chong, the accidental founder of music4nothing
      1354 7  -  Every music file downloaded comes with a revenue-earning ad By I Chuang Peck Ming IN a dark formal suit, John Chong doesn't look like your Internet entrepreneur he looks more like the consultant he once was. But the idea the 40-year-old has come
      SIEW YAW HOONG  -  1,354 words
    • Article, Illustration
      Lock icon Computer Associates reshuffles senior execs
      653 8 Move to arrest stock's fall includes change of chief executive, spin-offs and other strategies NYT [SAN FRANCISCO) Searching for a way to bolster its sagging stock, Computer Associates International reassigned senior managers on Monday and said it intended to use spin-offs or other strategies to
      NYT; FILE PHOTO  -  653 words
    • Article, Illustration
      Lock icon Merrill Lynch's Internet bull wavers
      875 8 Blodget downgrades 11 of 26 firms he covers but market stays calm with The Street.com Internet Index up 4% NYT Bloomberg [NEW YORK] Henry Blodget's words used to add rocket fuel to the new economy. According to Bloomberg on Monday, Merrill Lynch's star Internet analyst
      NYT; Bloomberg  -  875 words
    • Article
      Lock icon IBM testing Linux in smart wrist watch
      243 8 NEW YORK Reuters INTERNATIONAL Business Machines Corp said on Monday that researchers are running the Linux operating system on a prototype wristwatch device, in a research test designed to show that Linux can be used as the basic software on the smallest devices.
      Reuters  -  243 words
    • Article
      Lock icon Dotcoms slash sales and marketing spending by 25%: study
      263 8 NEW YORK Tech stock slide, seasonal factors cited for Q2 cuts Reuters INTERNET companies targeting the consumer market have slashed their sales and marketing spending by more than 25 per cent from the high-flying fourth quarter of last year, Advertising Age
      Reuters  -  263 words
    • Article
      Lock icon hongkong.com surprise Q2 net brings cheer
      489 8 HONGKONG Firm's HKs2.26m profit heartening amid recent losses by HE dotcoms Reuters INTERNET portal hongkong.com unveiled yesterday a surprise net profit of HK52.26 million (*****,360) for the second quarter of 2000. Amid the layoffs and financial losses recently announced by the growing number of
      Reuters  -  489 words
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      529 9 I jl AJb A ""W" a Singaporean; my forefather arrived here in the early I days, back in the 1880s. Through the years, my ZAj JL 111 family's fortunes have ebbed and flowed, just like i the tides of our shores. I am a true son of the soil. My
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  • MALAYSIA news
    • Article
      Lock icon Growth expectations for M'sia soar
      431 10 KUALA LUMPUR Jane industrial ontpnt rises 20.1%, prompting economists to raise GDP forecasts for the year Reuters MALAYSIA'S industrial output jumped 20.1 per cent year-on-year in June, raising hopes of stronger than expected economic growth for the year. But economists warned the torrid pace of
      Reuters  -  431 words
    • Article, Illustration
      Lock icon KL court slammed for Anwar's 9-year sentence
      809 10 yiWiVJsl sentence KUALA LUMPUR Human rights groups, politicians criticise sentence Reuters HUMAN rights groups, opposition politicians and foreign governments yesterday poured criticism on a Malaysian court's decision to sentence former finance minister Anwar Ibrahim to nine years in jail for sodomy. High Court
      Reuters; AP  -  809 words
    • Article
      Lock icon Anwar won't allow lawyers to make mitigation plea
      571 10 KUALA LUMPUR AFP MALAYSIA'S ex-deputy premier Anwar Ibrahim, convicted yesterday of sodomy, refused to let his lawyers make a mitigation plea. Before he was jailed for nine years he read out a handwritten statement to the judge, of which these are extracts:
      AFP  -  571 words
    • Article
      Lock icon Maybank, Phileo may strike merger deal by end-August
      427 10 KUALA LUMPUR Talks continaing despite hitting gn*ff Maybank MD Reuters MALAYSIA'S largest bank, Malayan Banking Bhd (Maybank), said yesterday that it hoped to sign a merger agreement with Phileo Allied Bhd by end-August, a deal which would create a group with US$35
      Reuters  -  427 words
    • Article, Illustration
      Lock icon 29 Al Ma'unah cult members charged with waging war
      242 10 KUALA LUMPUR Reuters MALAYSIAN prosecutors yesterday charged 29 members of a shadowy Muslim cult with attempting to wage war against the country's king, the official Bernama news agency said. The charge carries the death penalty, Bernama said. It said the accused
      Reuters; AP  -  242 words
    • Article
      Lock icon Unfair to criticise us for poor showing by IE shares, says Mesdaq
      586 10 KUALA LUMPUR This should not jeopardise future Mesdaq listings, it says THE Malaysian Exchange of Securities Dealing and Automated Quotation Bhd (Mesdaq) said that any negative perception over its latest trading system caused by the dismal performance on
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  • REGIONAL news
    • Article, Illustration
      Lock icon Gus Dur accused of doing a worse job than Habibie
      683 11 JAKARTA Political factions deliver mixture of criticism and support at MPR session Reuters INDONESIA'S legislators from a key coalition party yesterday accused President Abdurrahman Wahid of doing an even worse job than his widely discredited predecessor, but stopped short of
      Reuters; REUTERS  -  683 words
    • Article
      Lock icon Bomb scare at Jakarta central bank
      181 11 JAKARTA AP POLICE bomb squad officers were called to the central bank building and the Australian International School yesterday but failed to find any suspicious objects, officials said. Both buildings were evacuated after they received telephone warnings. "We had a call from a (pro-Indone-sian)
      AP  -  181 words
    • NOTE Book
      • Article
        Lock icon Balikpapan unit resumes operations
        55 11 Reuters [JAKARTA] The crude distillation unit at leading Indonesian oil refinery Balikpapan 2 has resumed operations at 65 per cent capacity following an explosion on Monday, state oil firm Pertamina said yesterday. But spokesman Ramli Djaafar said the 20,000 barrel-per-day platformer unit which produces petrol was
        Reuters  -  55 words
      • Article
        Lock icon Thai skytrain to start interest payouts
        63 11 Reuters [BANGKOK] Thai skytrain operator Bangkok Mass Transit System (BTS) said yesterday it expected to start paying interests to creditors by the end of this year, delayed from the due date of end-June. Anat Arbhabhirama, advisor to board of directors, said BTS had sufficient
        Reuters  -  63 words
      • Article
        Lock icon Lippo posts H1 profit of 71b rupiah
        67 11 Bloomberg [JAKARTA] PT Bank Lippo, Indonesia's seventh largest publicly traded bank by market value, said it returned to profit in the first half on lower interest expenses. The bank's first-half net income was 71 billion rupiah (5514.2 million), or 1.8 rupiah a share,
        Bloomberg  -  67 words
      • Article
        Lock icon Indon economy better, says IMF chief
        72 11 Reuters [WASHINGTON] Indonesia's economy has shown signs of improvement but more work needs to be done before the country is on an entirely solid economic footing, IMF managing director Horst Koehler said on Monday. "In terms of growth, Indonesia has improved," Mr Koehler said
        Reuters  -  72 words
      • Article
        Lock icon Thai consumers less confident: survey
        63 11 Reuters [BANGKOK] Thai consumer confidence in the economy declined for the third successive month in July to its lowest since October 1999, a survey said yesterday. The University of the Thai Chamber of Commerce said in a statement its index for overall economic confidence fell
        Reuters  -  63 words
      • Article
        Lock icon Competition seen in Manila banking
        74 11 AFX-Asia [MANILA] Central bank governor Rafael Buenaventura said he sees four to five universal banks dominating the industry in competition with the local operations of three or four foreign banks. "I think there will be four to five universal banks dominating the industry and three
        AFX-Asia  -  74 words
    • Article
      Lock icon HSBC may get green light to buy bank in the Philippines
      234 11 U MANILA AFP UK-BASED HSBC Holdings pic may be allowed to buy a Philippine bank once legal obstacles are overcome, the country's central bank chief said yesterday. "Obviously we can, why not. Clearly, we want to give (the local
      AFP  -  234 words
    • Article
      Lock icon Philippine central bank may lower overnight borrowing rate
      207 11 MANILA Reuters THE Philippine central bank is looking into an effective lowering of its overnight borrowing rate to encourage liquid banks to park their funds elsewhere, governor Rafael Buenaventura said yesterday. Mr Buenaventura said the Monetary Board was looking into the high
      Reuters  -  207 words
    • Article, Illustration
      Lock icon Suharto formally charged with corruption
      533 11 JAKARTA He could stand trial before the end of month, says jndge AFP PROSECUTORS yesterday formally filed corruption charges against former Indonesian president Suharto, and the head of the panel of judges hearing the case said the former dictator could stand trial before the end
      AFP; AP  -  533 words
    • Article
      Lock icon Pertamina set to sign gas supply contract with Singapore Gas
      222 11 JAKARTA AFP INDONESIA'S state oil and gas company Pertamina is hopeful of signing a 20-year contract with the power authorities in neighbouring Singapore, a report said yesterday. The Jakarta Post quoted Pertamina's exploration and production director Gatot Wiroyudo as saying
      AFP  -  222 words
    • Article, Illustration
      Lock icon Housing loans in China soar
      582 12 BEIJING ICBC, one of China's big four banks, reports 53% hike in housing loans AFP CHINESE mortgage lending is soaring as more people in the cities think the time is right to join the swelling ranks of home owners, giving the whole economy new impetus,
      AFP; FILE PHOTO  -  582 words
    • Article
      Lock icon Taiwan Cabinet planning NT$320b cheap loans
      245 12 TAIPEI Bloomberg TAIWAN'S Cabinet said it will arrange NT$32O billion (5517.7 billion) in subsidised loans for home buyers to bolster the island's property market. The loans, to come from individual banks at a government-subsidised rate, are expected to benefit about 125,900 home buyers. Their
      Bloomberg  -  245 words
    • Article
      Lock icon China sees computer sales up 26%
      88 12 BEIJING AFX-Asia CHINA expects computer sales to increase by 26 per cent this year, unchanged from last year's growth rate, according to a report in The China Daily, quoting the information ministry. In the report, the information ministry forecasts domestic and foreign producers will
      AFX-Asia  -  88 words
    • Article
      Lock icon Indian firms turn the corner with good Q1 profits
      458 12  -  Surveys show rise in sales, earnings after 2 years of slowdown hYtmt Rajendra Bajpai in Neiv Delhi RESULTS declared by Indian companies for the first quarter that ended June 30 have revealed many encouraging bottom lines after two years of slowdown
      458 words
    • Article
      Lock icon Decision on Chinese market shake-up likely by year-end
      355 12 BEIJING Reuters CHINA is expected to decide by the end of this year how to combine its Shenzhen and Shanghai stock markets and set up a Nasdaq-style second board, Shenzhen Mayor Yu Youjun said yesterday. Mr Yu said he met China Securities
      Reuters  -  355 words
    • ASIA Notes
      • Article
        Lock icon Beijing invites bids for LNG project
        61 12 Reuters [BEIJING] China called yesterday for bids from foreign companies to help construct and manage a 7.2 billion yuan (511.5 billion) liquefied natural gas (LNG) project in the southern province of Guangdong. The LNG terminal and trunk line project aims to meet energy demand
        Reuters  -  61 words
      • Article
        Lock icon Dah Sing reduces H1 bad debt charges
        80 12 Reuters [HONGKONG] Dah Sing Financial Holdings Ltd said on Monday its charges for bad and doubtftil debts fell 22.4 per cent year-on-year to HKJIBO.4 million (5539.9 million) in the first half of the year versus HK5232.59 million. The banking group said in a
        Reuters  -  80 words
      • Article
        Lock icon Strike brings Bangladesh to a halt
        46 12 Reuters [DHAKAJ Offices, schools and financial markets closed across Bangladesh yesterday as an opposition-led half-day strike took hold. The streets of the capital Dhaka were mostly empty and transport in the impoverished South Asian country was thin, witnesses said. Reuters
        Reuters  -  46 words
      • Article
        Lock icon Proposal to shelve stock trading tax
        48 12 AFX-Asia [TAIPEI] A number of business leaders, including Chinese National Association of Industry Commerce chairman Jeffrey Koo, are planning to propose shelving the stock transaction tax at a meeting with Premier Tang Fei tomorrow. The Commercial Times reported sources as saying. —AFX-Asia
        AFX-Asia  -  48 words
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      12 11 BUSINESS SERVICES/ PRODUCTS The Straits Times Classified. Classifications 201 266. CATS.] hyk.Mk.MK.
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      99 11 >,-, Iml-S BuMmg Plan No ***** Advantage supermarket now owned by Woolworths plus 21 specialty shops Opened November 1999, Sutoaco Square New 25 year supermarket lease "Woolworths" Sfcwrg Centre is in the heart of Sob, M72m 2 of a(ea 9?36m 2 ste Centra Perth's most exciting inner city urban redevelopment
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      303 12 Headquartered in London, HSBC Holdings pic is one of the largest banking and financial services organisations in the world with a network of some 6,000 offices in 80 countries and territories. The 2000 Interim Report will be sent to shareholders on or about 11 August 2000 and copies may be
      303 words
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  • WORLD news
    • Article
      Lock icon Banks' move increases chances of BOJ rate hike
      786 13  -  Two banks on verge of forgiving construction giant's debts; other hanks may follow suit Fromk Anthony Rowley in Tokyo THE chances of the Bank of Japan (BOJ) defying long-standing market expectations and ending its 18-month-old "zero interest rate" policy as early as
      786 words
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      Lock icon Aussie insurer makes strong debut with 27% premium
      497 13 SYDNEY A 53.02 opening price in line with analysts' expectations AFP COURT cases, board room brawls and volatile member meetings were forgotten yesterday when Australia's biggest insurance firm, NRMA Insurance Group Ltd finally made its stock market debut. The motoring organisation that
      AFP  -  497 words
    • Article, Illustration
      Lock icon World economy to grow 4.75%: Koehler
      592 13 WASHINGTON New IMF chief cites continued growth in US, Ann's rebound Bloomberg THE world economy will expand a faster-than-expected 4.75 per cent this year, driven by continued US growth and Asia's rebound from its worst recession in decades, the International Monetary Fund's new chief
      Bloomberg; AP  -  592 words
    • Article
      Lock icon Americans' productivity surges 5.3% in second quarter
      514 13 NEW YORK Reuters AP AFX IN another sign that that the US economic miracle continues without the threat of inflation, the Labor Department said yesterday Americans' productivity, a key measure of rising living standards, surged 5.3 per cent in the April-June quarter, putting
      Reuters; AP; AFX  -  514 words
    • Article
      Lock icon Tokyo, Australian stock exchanges sign cooperation pact
      307 13 TOKYO Reuters THE Tokyo Stock Exchange (TSE) and Australian Stock Exchange said yesterday they had signed a mutual cooperation pact to make their operations more efficient and protect investors. The bourses were among 10 top global stock exchanges which in June announced they
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    • WORLD Watch
      • Article
        Lock icon BP profits surge 164% in Q2
        99 13 Reuters [LONDON] Oil giant BP Amoco pic yesterday reported a 164 per cent surge in second quarter profits, and said it had made continued progress against all its targets. Adjusted replacement cost profit before exceptional items in the second quarter to June 30 was
        Reuters  -  99 words
      • Article
        Lock icon Hyundai Motor posts record H1 profit
        96 13 Reuters [SEOUL] The first-half net profit of Hyundai Motor, South Korea's largest carmaker, soared 181.7 per cent from a year ago, riding a strong economic recovery expected to maintain momentum throughout the year. Hyundai said yesterday it posted a record 310.4 billion won (*****.2
        Reuters  -  96 words
      • Article
        Lock icon Tokyo hotels among most expensive
        93 13 AFP [PARIS] Hotels in Tokyo, New York and London are the most expensive in the world, according to a survey published here on Monday, while Rome, Paris and Moscow offer a cheaper night's accommodation. The survey, ordered by the Paris Tourist Board, showed that after
        AFP  -  93 words
    • Article, Illustration
      Lock icon Lieberman — an asset or a liability for Gore?
      762 14  - Lieberman an asset or a liability for Gore? It is not clear to what extent the selection of a Jew is going to affect majority Christian vote, Leon Had&r reports from Washington Leon Hadar THE decision by the presumptive Democratic presidential candidate to pick Connecticut Senator Joseph Lieberman as his
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    • Article
      Lock icon Unilever plans bond issues to refinance bank loan
      374 14 NEW YORK Company had borrowed USs22b to buy Bestfoods FT UNILEVER plans to refinance in the bond markets its US$22 billion (Ss3B billion) bank loan taken out to fund the acquisition of Bestfoods a further sign of the switch to bond-financing by
      FT  -  374 words
    • Article
      Lock icon Venture capital flow stays steady despite US tech stock retreat
      283 14 NEW YORK Survey also shows e-commerce firms now oat of favour NYT EVEN as the stock markets cooled, the level of venture capital investment nationwide changed little in the second quarter, the National Venture Capital Association reported yesterday. In fact,
      NYT  -  283 words
    • Article
      Lock icon Brokers up pressure to delay iX
      205 14 LONDON The Daily Telegraph LEADING stockbrokers on Monday upped the pressure on the London Stock Exchange (LSE) by calling for a delay of the merger with the Deutsche Borse. A pressure group of smaller company brokers and fund managers has been demanding further details
      The Daily Telegraph  -  205 words
    • Article
      Lock icon Hyundai family urged to use private assets
      322 14 SEOUL Creditors give group till Aug 19 to work out rescue package AFP CREDITOR banks of South Korea's Hyundai Group have urged the group's founding family to use their private assets to help ease Hyundai's liquidity crisis, news reports said yesterday. The Korea
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      77 13 Corporate Advantage For more information M or reservations, please call (65) 294-0467, s$,X _>X M •Superior Room (65)298-2038 «Complimentary Local Calls fE-maii r sales golden land mark.com. sg and Daily Newspaper A Late Check Out till 4pm Additional sslo.oo* to golden Landmark upgrade to Deluxe category, 390 Victor i a
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  • ANDERSEN split
    • Article, Illustration
      Lock icon Why and how it all began...
      769 15 A review of the ICC verdict allowing Andersen Consulting to split from parent firm Bloomberg [PARIS] THE ruling that allows a split of Andersen Consulting, the world's largest consulting firm, from Andersen Worldwide comes as consulting firms are moving to free themselves from their
      Bloomberg  -  769 words
    • Article
      Lock icon Business as usual for Andersen Consulting in Singapore
      278 15  -  By Marissa Chew IT will be business as usual in Singapore for Andersen Consulting after its split from Arthur Andersen, says its managing partner here. Willie Cheng said yesterday that the two firms had been operating as separate organisations since the start
      278 words
    • Article
      Lock icon Andersen vs Andersen
      897 15 Andersen Consulting's tussle with Arthur Andersen Sopt 1: Restructuring of Andersen Worldwide results in two business units Andersen Consulting and Arthur Andersen. Revamp and related agreements based on the premise that Andersen Consulting and Arthur Andersen would operate in separate, complementary spheres with minimal overlap, distinct marketing
      897 words
    • Article
      Lock icon Road to arbitration
      322 15 D*c 17: Andersen Consulting files Request for Arbitration with the ICC Court of International Arbitration in Paris. F*b: Arthur Andersen and Andersen Worldwide request a ruling from the ICC Court that the ICC lacks any jurisdiction over the dispute. Man ICC Court rejects jurisdictional challenge of Arthur
      322 words
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  • FINANCE & commodities
    • Article
      Lock icon Traders still bearish on STI futures
      317 16  -  SGX Derivatives TvtuUngßeports STT Inde*/MSCI STpore Index Chan Yet San THE Singapore stock market closed a little lower yesterday in another directionless day. The Straits Times Index fell 0.69 per cent to 2,045.02 points. Within the index, 11 counters rose while 33 fell and
      317 words
    • Article
      Lock icon Short-covering, rumour lift futures
      229 16  -  MSCI Taiwan Index Chan Yet San THE Taiwan stock market yesterday managed to claw its way back from the lowest level for the year. The MSCI Taiwan Index closed with a gain of 4.27 points or 1.25 per cent at 346.41 points. Trading volume within the
      229 words
    • Article
      Lock icon Oil holds firm ahead of US data
      186 16 ENERGY REPORT Reuters [LONDON] Oil prices held steady yesterday as the market awaited direction from data on crude and refined product stocks in the US. International benchmark Brent crude futures for September delivery were two US cents down at U5528.50 in late morning
      Reuters  -  186 words
    • Article
      Lock icon CURRENCY REPORT
      338 16 Reuters London THE yen strengthened yesterday as a barrage of hawkish remarks by Bank of Japan governor Masaru Hayami reinforced speculation the central bank may raise interest rates for the first time in a decade this week. Mr Hayami's comments, rebuffing government opposition to any monetary tightening and
      Reuters  -  338 words
    • Article, Illustration
      Lock icon Untitled
      1249 16 NTERBAVS CROSS RATES Au^ A$ C$ Bwfc Euro Ffr Dm HK$ tod h tuptah Ytn Won ttU MZ$ Pat ft Peso SS Rand Sfr WTS BaM *»mt US$ Australia 0.871 4.868 0.649 4.2S3 1.268 4.572 26.800 50.496 0.637 6.544 2.228 1.289 ***** 26.308 1012 4.092 1.002 18.233 24.102 0.388 0.586
      1,249 words
    • Article
      Lock icon Untitled
      1855 16 HCOM FUTURES Aug8 RUB8ER (Mum closing as at SJOpn) RSS1 CONTRACT® ClOM VotaM Open Month Hlfh Low Sitt (tonnes) Interest Sep 00 120.25 400 Oct 00 ***** Nov 00 122.75 Dec 00 124.00 RSS 3 CONTRACT (US cwts/lq) VotaM Open Month High Low Sott (to—op Interest Sep 00 69.00 2050
      1,855 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Hang Seng dives nearly 3% on broad profit-taking
      2877 17 HONGKONG Reuters n Hang Seng -515.41 HONGKONG stocks closed nearly 3 per cent down yesterday after banks, technology and telecom stocks all slumped, hit by heavy profittaking following recent gains. Analysts said the sell-off was exacerbated by investors who were betting that
      Reuters  -  2,877 words
    • Article
      Lock icon BOJ's policy comments rattle market
      2045 17 TOKYO AFP Q Nikkei 225 -182.60 TOKYO share prices fell back 1.1 per cent yesterday as investors locked away profits while weighing the possibility of the Bank of Japan ending its zero interest rate policy, brokers said. The Tokyo Stock Exchange's key Nikkei 225 Index
      AFP  -  2,045 words
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      Lock icon CHINA
      960 17 Reuters F1 Shenzhen B Index *3.48 CHINA'S B shares closed sharply higher yesterday as turnover in Shanghai B shares reached levels not seen in more than three years, helped by new funds flowing into the hard currency market, analysts said. Shanghai's B Share Index ended up 2.53 per cent
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  960 words
    • Article
      Lock icon TAIPEI
      386 17 AFP □WP Index +8L79 TAIWAN share prices rose 1.1 per cent yesterday in a technical rebound with strong buying of semiconductor stocks, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 81.79 points to 7,797.78, following a 1.6 per cent decline in the previous session. "Semiconductor stocks gained
      AFP  -  386 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon Local funds propel KL to 2-week high
      452 18 Reuters Q Composite Index *1126 LOCAL funds' late buying of blue chips helped lift Malaysia's key share index to a two-week high at the close yesterday. The benchmark Composite Index ended up 11.26 points or 1.38 per cent at 825.52, its highest level
      Reuters  -  452 words
    • Article
      Lock icon Untitled
      8907 18 INDUSTRIALS Cmmhmt protects 2000 LMt Vol Day Nat Cm Mlqh L«* Company Sato OOO Miqh Low P/C Smll 420 310 AJtnonoto 350 -19.1 1419 158 62 Anqkasa 68 -4 1 68 68 100.3 070 290 Aootto Food Hlq 470 102 188.0 3625 2700 BAT 50« 3625 25 628 36.5 3575
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      3146 19 BONDS WARRANTS Vt Vials PTM/ (IMTV '-"I *•< LatMMe ><« HUM Can Cirr Dm mm M* law Cm*mt 0001 W# La (it« M> Mn U> Mh <%, Sean.* left 51.5 14 s Acma ******4 14.5 uneh 21 14.5 14 14 15 15 410 I 300 173 7 93 II 3«
      3,146 words
    • Article
      Lock icon SEOUL
      297 19 AFP Q Composite Index -9Jil SOUTH Korea's Composite Index yesterday closed down 9.51 points at 666.08. Volume was 208 million shares worth 1.4 trillion won. —AFP «M A nam Semi 9740 -30 Brain Ttcft 775 -5 Central Bank £50 -105 Chetl Comm *****0 2000 Dm Gu Bank 2025 -35
      AFP  -  297 words
    • Article
      Lock icon MANILA
      286 19 AFP Q Composite Index -1L36 PHILIPPINE share prices closed down 0.8 per cent yesterday in cautious trade as a new securities code took effect. The Composite Index fell 11.36 points to 1,438.74. Volume fell to 270 million shares worth 457 million pesos. —AFP f»M 000) MRC Allied 0.48 unch
      AFP  -  286 words
    • Article
      Lock icon WELLINGTON
      271 19 AFP QIQESE-40 -L 46 NEW Zealand shares closed down 0.1 per cent yesterday after profit-taking in late trade, dealers said. The NZSE-40 Capital Index fell 1.46 points to 2,138.43, on turnover of NZ$lOl million. Telecom dominated trading with 5.2 million shares traded. —AFP *m* «8 ww Advantage MOS 3.06
      AFP  -  271 words
    • Article
      Lock icon SYDNEY
      550 19 AFP nAflOrdinarieß -180 AUSTRALIAN share prices fell 0.1 per cent yesterday with most activity centred on the market debut of NRMA Insurance Group. The All Ordinaries Index finished 2.80 points lower at 3,262.40, while the SP/ASX 200 dropped 2.70 points to 3,302.30. Turnover totalled 1.1 billion shares worth As
      AFP  -  550 words
    • Article, Illustration
      Lock icon BANGKOK
      770 19 AFP U SET Index +1L43 THAI share prices soared 3.7 per cent yesterday amid heavy speculative buying in property, banking and finance stocks, dealers said. The Stock Exchange of Thailand (SET) Index gained 11.43 points to close at 318.15, and the SET 50 Index rose 0.88 of a point
      AFP  -  770 words
    • Article, Illustration
      Lock icon JAKARTA
      716 19 AFP Q Composite Index -5.46 INDONESIAN share prices closed 1.1 per cent down in thin trade yesterday on for-eign-led selling amid a tense annual meeting of the country's national assembly. The Composite Index fell 5.46 points to 485.08 on a volume of 445.4 million shares worth 246.5 billion rupiah.
      AFP  -  716 words
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  • Article
    Lock icon STOCKS sgx
    10105 20 SGX MA1NB0ARD Transaction date: A tuj S Or Cr M wt 52-Wk List Vol Day Last Ouot* Dlv Dlv YM Net Cap Ayg High Law Company Sale COOO) Htyi Law Buyar SaMar C'vr P/C $m<l Prtca MULTI-INDUSTRY 163 >01 m c Acme 50c 115 unch 35 115 112
    10,105 words
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  • Page 21 Advertisements
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      198 21 Where to wine, dine and entertain..."-* 6.30pm -ToJcJS Price subject to 10% senice chfe and peevaJng government Ibb. 76 Bras Basalt Road, Singapore *****8 Tel: 338-8333 Fax: 339-6866 Web-site http://www.carlton.com.sg E-mail: Restaurants4Cariton.coin.sf "v "flfi 218 Que«n Street, Singapore *****9 Te,: *****22 F < 65 *****33 Website: http://webpro.com.au/oxford/ 4 "1212* LIIHC4I
      198 words
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      Lock icon Page 21 Advertisements Column 2
      99 21 I es available for: private parties company dinner and dance conference seminar and meeting. HOTEL GRAND CENTRAL LIMITED 22 Orchard Road/Cavenagh Road, Singapore *****7 T«l: 737 9944 Fax: 733 3175 CAFE FONTiUNEBLEAIJ Unlimited International Buffet with Specialty Corner Lunch: $19.80 Adult $12.80 Child (Daity except Saturday, Sunday (J hMu Holidays)
      99 words
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      Lock icon Page 21 Advertisements Column 3
      89 21 v -j Hotel Asia 37 Scotts Road i L/ ROAST MEAT CHICKEN RICE Our ever-popular Chinese Roasl fl\ Meat and ♦jr Chicken Rice a *vi>^ promotion returns where for only $8.00 an order. you can have a choice of two meats from the ff following Steamed White Chicken Soya Sauce
      89 words
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      Lock icon Page 21 Advertisements Column 4
      196 21 Bring home a box of mooncakes for friends and relatives. Available at Hua Yuen Chinese Restaurant and St. Gregory's Brasserie. Lotus Seed Paste with Double Yolk J34++ per box White Lotus Seed Paste £34++ per box with Double Yolk Golden Lotus Seed Paste £30++ per box with Almond Teodiew Yam
      196 words
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      Lock icon Page 21 Advertisements Column 5
      151 21 mm 0 J* H JJS. Tt, a dream of k red Mansions a Yangzhou feast at Pine Court Chinese Restaurant i 4-12 August 2000 Reservations: 831-6262/66 Mandarin QD Sumparr miim 313 Onhjrd Road. Singapore 2 3M67 TH 737 4411 Fac 732 2361 Foo> Fwrg 7fU 2QW* 2000. The palate-pampering passion
      151 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      957 21 Central 4 30 Cinema, Cinema. Cine- IL3O Amanat Hari Kebang- 2.02 to 6.00 am Real time ma saan 2000 (r). Financial Data. Ait pii?h v? Fi^ CT 500 USA High. 11*45 National Geographic cial. Earth Vs Flying 5.30 Robbie Williams Live Specials: Mencari So BpwUdlj 5 sE2£SK2 rt gfS-u. omAl-
      957 words
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 2
      292 21 CBYPTIC CROSSWORD ACROSS 6 An oriental cricket bail (8) 1 The shipwrecked sailor found a 7 Topping basic weari (8) path (8) 8 The main area of lawn? (3-5) 5 Players could be Croats (6) 13 They'll make no effort to move 9 Usually a model associate (8) (10) 10
      292 words
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  • MONEY matters
    • Article, Illustration
      Lock icon Rupiah, yen to call shots for regionals
      898 22  -  I-ii comment CURRENCIES Indon president's survival and yen's value against US dollar key elements larry wee Technically a very significant week, and we witnessed an uptick in regional currencies despite the euro's ignominious return to weakness. From here, chances are that the ongoing
      Source: Reuters; Source  -  898 words
    • Article, Illustration
      Lock icon Sing bond outlook: steady to slightly firmer by year-end
      791 22  -  Receding supply fears, good liquidity, stable interest rate outlook key factors w Hsin-Li Chia The author is Asian Markets Strategist, JP Morgan. The article is not an invitation to invest. BT and its contributors will not be held liable in any
      791 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      322 22 NOTICE IS HEREBY GIVEN that I, HARDIAL SINGH of 20, JalanTari Dulang Singapore *****5, have applied for a Public House, Ist Class Licence in respect of M/s Enjoy Big Bar located at 126 Race Course Rd, Singapore *****5, and that this application will be considered by the Liquors Licensing Board
      322 words
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      Lock icon Page 22 Advertisements Column 2
      157 22 NOTICE IS HEREBY GIVEN that, I Wat Wing Keung j of Blk 34 Bedok South Ave 2 #15-361 Singapore *****4, have applied for a First Class Public House in respect of M/s Ting Heng Seafood Restaurant located at Blk 82 Tiong j Poh Road #01-03 Singapore *****2, and that this
      157 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      314 23 Bridge News Reuters IT was a slow start to the week with activity almost at a standstill on the freight market as details of fresh and concluded business are in very short supply. The pace should pick up as the week goes on but "it looks a very
      Bridge News; Reuters  -  314 words
    • Article
      Lock icon MARITIME STOCKS
      282 23 SOX &1S9M& tot* S$ m CWT Distribution 0.77 -0.01 17 Cosco Imraslffiant—0-20 unch 60 Freight Links 0.18 -0.01 183 GB Holdings 0.63 uncft 5 Hai Sun Hup 0-37 unch 107 iMC Hotfngs-HK 5.60 unch 0 Jay a Holdings 0.T7 unch 308 KappaiCorp 3.68 -0.16 2978 k appai fels
      282 words
    • Article, Illustration
      Lock icon End directorship limit for shipping firms, KL urged
      502 23 Restriction impedes growth of shipping industry, M'sian shipowners say Bernama [KUALA LUMPUR] The Malaysian Shipowners' Association (MASA) has proposed to the Ministry of Finance (MoF) that a restriction on directorship be waived for shipping companies. In a Memorandum for the 2001 Malaysian
      Bernama; FILE PHOTO  -  502 words
    • Article
      Lock icon PEOPLE
      138 23 APL Logistics has named Thomas Poulsen, a former logistics officer for Toys 'R* Us, as assistant vice-president for strategic planning and business development. Mr Poulsen, who will be responsible for the growth and expansion strategies of APL Logistics, said: 'Every step we take will be aimed at enhancing APL's
      138 words
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      Lock icon COMPANIES
      123 23 China Shipping Container Line marked its inaugural voyage to the Port of Oakland recently with the arrival of 'Asia Jade' at Oakland's Ben Nutter Terminal (right). China Shipping's direct liner service linking northern California with the trans-Pacific market is initially beina served bv six 2,000 TEU capacity vessels on
      123 words
    • Article
      Lock icon CONFERENCES
      158 23 Williamsburg, Virginia USA, will be the site of the 2000 Ship Production Symposium Expo from Auq 23-25. The event is being sponsored by the Society of Naval Architects and Marine Engineers' Ship Production Committee and the National Shipbuilding Research Program. For more information contact tel: (207) 236-6196, or visit
      158 words
    • Article
      Lock icon Indian shipping tonnage dips despite bigger fleet
      322 23  -  Tonnage fell to 7.02 m grt in Jnly from 7.5 m grt at beginning off year From] Rajendra Bajpai in New Delhi DESPITE an addition of seven ships to its total fleet, the Indian shipping tonnage in the first half of the year
      322 words
    • Article
      Lock icon China returns oil tanker to owner, arrests 20 seamen
      194 23 GLOBAL MARS HIJACK AFP [HONGKONG] Chinese authorities have returned an oil tanker hijacked by international pirates to its Japanese owner, and arrested 20 Filipino and Myanmese seamen. The vessel was returned to Japanese firm Alavanca at a ceremony in Zhuhai in
      AFP  -  194 words
    • PORT rivalry
      • Article, Illustration
        Lock icon Savannah takes on Charleston
        869 24 Competition for Maersk's hub tests both ports' abilities to handle ever-larger volumes of containers NYT [CHARLESTON, South Carolina] THE Cooper River shimmers in the stifling heat, a reflection of the rising rivalry between South Carolina's major port here and its smaller competitor in Savannah, in Georgia
        NYT; FILE PHOTO  -  869 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      305 24 PAGE ECU Line 6 ANL 3 ESP Lines 13 Accord 8 Ahrenkiel 14 foongSun 8 Appenship 5 Frt Links M AsiaOCL 13 F <** 7 Assets 8 Lin* 4 Austral 8 Gemartrans 6 Avant 14 Genshpg 13 B'tangMas 8 Global 13 BSA 7 Glory Ha* 14 BTL
      305 words
    • Article
      Lock icon SHIPPING GUIDE
      20407 31 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser vessel Voyage Telephone ETA ETA Advertise Vessel Voyage Telephone SIN Oest'n Name Name Number Number SIN Oestn Name Name Number Number 22/09 17/09 CSAV IVO 026S 65 *****55 To ABIDJAN (ABJ) 2003 Cote D'lvolre 22/01 17/09 nyk ivo o»s 65-*****23 7/06 19/09
      20,407 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        455 37 Vessel Voy No Berth Arrival Departure Jurnif Part East Lifter P*26l JK 08/08/7 50 09/08/540 Oumanganq 1A j07 08/06/7:50 08/06/23:00 To6a 155 15/00 J02 08/08/8:05 06/06/17:00 C Success 08 Auq JOT 06/08/8:45 08/06/16:00 Dm Day* 15/20 J15 06/06/8:50 09/08/6:00 Winstar 8 72SOO J03 08/06/9:00 09/06/6:30 BayswaterllS M0194 J02
        455 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1938 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclnq/ftalMcc Rstls Ship Voy No Etb/Btr Period From To From ACl CONTR MOO 3* 9/UOO 07/1500 OT/*59 Jtf-00 I* 07/1700 08/0659 06/0900 2* 07/1700 06/0459 06/0900 1 06/0700 06/TT59 06/V400 06/1200 06/1700 ACIMFFlfS 0406 KM Stmt 07/1639 JM U 07/
        1,938 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        186 37 An| Singapore: National Day. Aug 12 Thailand: HM The Queen's Birthday. Anf 10 Germany: Assumption Day. Korea: Liberation Day. Anf 17 Indonesia: Independence Day. Any 27 Philippines: National Heroes Day. Aa« 28 United Kingdom: Summer Bank Holiday. Amg 31 Malaysia: National Day. Sep 12 Korea: Harvest Festival Day.
        186 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        768 37 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change
        768 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        511 37 Carbon 100 Mai 990.8 0.S 18.1 0.08 79 0.04 **9 3 Density Water Residue Ask AktmirWun Sediment No abow E25 0 0 6 0 0 0 380 Aw 987.3 0.4 14.0 0.06 34 0.02 Cue. 380 Mi 993.9 L7 18.2 0.09 73 0.0S «W»-3 »V* n/w
        511 words
    • AIR & LAND transport
      • Article
        Lock icon MAS, Cathay to boost KL-HK services by 30%
        464 38  -  Code-share deal allows carriers to operate 31 flights by year-end From] Diana Oon Abdullah in Kuala Lumpur MALAYSIA Airlines (MAS) and Cathay Pacific Airways signed a code-share agreement yesterday which will boost their services between Hongkong and Kuala Lumpur by 30 per
        464 words
      • Article
        Lock icon US to set safety rules for flight attendants
        288 38 Bloomberg [WASHINGTON] US aviation and job-safety regulators agreed to create the first health, noise and workplacesafety rules for flight attendants, a move sought by a union representing about 49,000 of the airline workers. The Federal Aviation Administration and the Occupational Safety and
        Bloomberg  -  288 words
      • Article, Illustration
        Lock icon Passengers caught in the middle of quarrel between United, pilots
        565 38 Airline had the worst on-time arrival rate of major US carriers in May AP [CHICAGO] Flight cancellations and delays are becoming routine for United Airlines this summer, a result of stormy weather and stormier relations between the world's largest airline
        AP; FILE PHOTO  -  565 words
      • Article, Illustration
        Lock icon Bombardier buys Adtranz
        67 38 VILLENEUVE] A view of a production site in Villeneuve, Switzerland, owned by Canada-based company Bombardier. German-American automaker DaimlerChrysler has sealed a deal to sell its railroad division Adtranz for 790 million euros (*****.5 million) to Bombardier in a deal that will make the Canadian company the world
        AFP  -  67 words
      • Article
        Lock icon TWA crash: Boeing settles 52 lawsuits
        381 38 Reuters [SEATTLE] Boeing Co has settled 52 of 175 lawsuits brought by families of passengers who died when TWA Flight 800 exploded off the New York coast in July 1996, a plaintiffs' attorney said. Lee Kreindler, lead plaintiffs' lawyer in the litigation, declined on
        Reuters  -  381 words
      • Article
        Lock icon Virgin Blue may offer fares lower than A$99
        240 38 Bloomberg [BRISBANE] Virgin Blue, a low-cost airline owned by entrepreneur Richard Branson, said it may offer fares cheaper than previously announced when the carrier starts flying in Australia. Brisbane-based Virgin Blue has said it will sell oneway tickets between Brisbane and Sydney
        Bloomberg  -  240 words
      • Article
        Lock icon Atlantic Coast Airlines to buy up to 30 Bombardier aircraft
        276 38 Demand for regional jets forecast to rise 7% yearly for next decade Bloomberg [DULLES, Virginia] Atlantic Coast Airlines Holdings Inc, a regional airline, agreed to buy as many as 30 Canadair regional jets from Bombardier Inc. Atlantic Coast has a
        Bloomberg  -  276 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1812 38 CITY RIGHT ETA FLIGHT CTD mm* mrn im hwoi wso74i O0v*/$O742 ows LH6301 B50 S0/VKT75 1830 S0/VNT76 1035 $0230 ay) W/MMI W» UaUrtm ***** 0435 KL0838 2255 MP* T6407 B40 TC4Q0 IMP S023 0645 N***** 2325 Mat** AT97 W5 ATM 2135 GA979 1035 S0328 2325 0T3I96
        1,812 words
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      6 23 Savannah takes on Charleston Page 2
      6 words
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      Lock icon Page 23 Advertisements Column 2
      82 23 v <••*' The movers and shakers of r v shipping are sailing into Singapore in September for International Conference |j and Exhibition on New Millennium S IF MARTECH 2000 Or,. n i..r>. For .nquiri.s contact: and Exhibition Conference Maritime and Port Authority of Singapore j Ashok Mulloth 870 6178 Dr
      82 words
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      1254 24 I NORTH AMERICA I I EXPORT I I OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS DIRECT TO LONG BEACH WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) vm ftm "DSN I IOKHMM I BMUS HOUSTON OKMO MWTOM WW)cm VBSft VOT M PTBETm| ACAJWU MIUBBCO CO—TO PIUMBU MBMVUIBA UIMA OU OOQ «W
      1,254 words
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      684 24 Lines services represented by Members of ifte Registry of Accrß d' te d Shipping Agents, jy Singapore Shipping Association Members of the Singapore Logistics Association ULY UNI MALI VISSCL VOT 175 IU ETA P. KLANG SPORE MALE Princess Lily VO5OO 06/08 10/08 17/08 Empress Lily VO7OO 24/08 26/08 03/09 Princess
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      1051 25 TO EUROPE FROM EUROPE IvESSH VOY SNI mi ANR HAM ORV SOU BT IB! IvPSB VOY I BTM W HOI SOU HT LBI Mil DANURE SSSW 10/06 02/09 30/01 31/01 28/ OR ELK S4IE 12/07 19/07 20/07 17/07 10/08 MX MS 017W 11/00 27/0R 29/00 01/09 02/09 HY FEDERAL 3251
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      1705 25 ©HANJIN SHIPPING ikPl 9W 6MsMrnLg« -Mb *****30 Hjuum shipping (S) rn iTD w hwm *****3s 737 sales *****74 DOtunaiT ********** opbatkms 737o?»?s) mm like *****55 fax *****45 a >*****4******1 TO NW USA CANADA USA CANADA* FWVSI/VOT IA« SM UNI HAUI/VOT SEA m DO KX CH MSP PTT I DTT MEM
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      379 25 rasa vorsnTOWSMHKGmiNiriis rasa voy sm Jtr su» UIT( PUSAA 01IS 11/ M U/M 70/ M 77M 73/01 IMS llffi is% IMI ii— Z i aa kas ic3s ivm ?VM 77/ m MASOWA 3tS IJ/M IS/M JW U/M M/W 77/ M 7VM 7S/W ypftfl VOT SW DtX >10 M> UP HS>
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      1587 26 SENATOR LINES TO UK/CONTINENT TO MEPrTERRANEANCANADA vtssa vot sin ia htm aw ham wv fu «ssa Ivor ai""i cn sn ros w.c wrm~| HANJM VANCOUVER M7W lIM 03 N MM UK HI JIM PALERMO SENATOR OMOW 11M RN 21N J1 M ~cJT "~ilM CHOYANG ATLAS 0014W ISM tin UN MM
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      1011 26 m*AM MAC-NELS S PORE M'SIA r—Carrier MM CONTR UNES f INC p. guqang: (ot> 3883/26 l-lVy \ZJ P* **********88 88U: (084)*****9 MANILA: (632)*****24 PPUWQ: (04) *****38 BANGKOK: (862) *****67 SURABAYA: (31) *****11 P KELANG: (03) *****77 JKT: (21) *****46 KUCMNG (082) *****1-3 VALPARAISO MY "ROYAL CONTAINER" V.RCOO3N ETA SIN: 17-8-2000
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      728 26 EXPRESS COWTAMEfI FEEDER FOR N SHEVA (CFS MULUNO MtMBAUCOLOMBO ALSO ACCEPTWG TO ALL NORTHERN ANO WESTERN I.C.D PO«TS VMMI S PORE N SHEVA COLOMSO PKLANG CAPE CANAVERAL VI27W 13 AUG 22 AUG AUG 01 SEP TULSIDAS V 179 20 AUG 2t AUG 02 SEP 00 SEP CAPE CREUS V 111W
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      1724 27 IOVESSEL VOY HKG KHH SIN PKL DXR BAB DMM BIK MAN ISFAHAN PCL-166 03/08 OS/OR 10/08 11/ OR 19/08 20/08 22/08 24/08 IRAN BAAKERI PCL-167 10/08 12/08 17/08 18/08 26/08 27/08 29/08 31/08 IRAN HESABI PCL-168 17/08 19/08 24/08 23/08 02/09 03/09 05/09 07/09 IRAN HORMOZGAN PCL-169 23/08 23/08 30/08
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      1247 27 EVERY I W SHT i—— I DALIAN IYIBY SIMMY J I GENERAL AGENTS IN SINGAPORE 80 ROBINSON RD TEL: 226 1900 FAX: *****08 OUTWARD (l/l) COSTAR SHIPPING PTE LTD #12-00 SALES/WGS *****57/43 INWARD DCPT (D/oj *****86 COSTAR AGENCIES (M) SDN BHD CI NO: **********011 SINGAPORE *****8 CONVENTIONAI *****01/SSQ T/SHPMT DCPT
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      780 27 EXPORT IMPOTT mva IypvJ n hh I "gj *fl wsa vqy m m .fu m y* ctajus oiwwls/00 0i709!03/w 04/09 os/oo:•»/•»i07/00 hjnuM ome 20/07 22/07 ***** 27/07 is7m K)mw6flii_ k\Wiflß 'on Wl3 00 ufa <v*a ;out 27/0? 20/07 31/07 03.01 ;#m 3Kfc Mi^maßgr* 1 wHI li& liijMymaSEffiM 11% Ti'/B jH/H'ii/to;ii7fife/io
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      670 28 BtU«C>^/UK/SCANP4NAVWFINLAJNO/»U«tASarViasß EXPORT I B VESSEL/VOYAGE SGP I RDM HRG THP ZH ANW LHV I E DELIGHT RW 014 11/08 3L 08 02/09 *M,09 05/09 *0709 06, 09 ■IT 6RECT I* 08) 11/01 09.09 j"li/09[ 13/09 I ■TDYNANK HWOII [24/08 14/09 14/09 [l«/ 09 19/09 71/09 j 20/09 ALSO ACCEPTING CARGO
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      373 28 iXRORT I VESSEL VOYAGE SGP CMI DUR MA AIU DMN RAM URNXV SING HE 0140* 11/08 22/08 24/08 ■JM ARDENT 042M22W 14/08 18/08 23/08 24/08 25/08 riNHE OUtW 18/08 29/08 30/08 01/D9 ■JM AMPLE 0424-030* 21/08 25/08 30/08 31/08 01/09 ■JM PATRIOT 0138-008*1 22/08 24/08 01/09 01/09 04/09 04/09 SONG
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      597 28 f PACIFIC INTERNATIONAL UNES fPTEI LTD "X I 140 Cecal Street, #03-00 PIL Building. Singapore *****0. CRNO **********06 1 I tern- 5S I IJ. I E T ~s5T CM AM S AQJ *D HOC AM PZU MX SM zar m -aa saw w m m m m la to, a;i
      597 words
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      366 28 IMilfli'MU'Hl 50 TEIOK BLANGAH ROAD #02-02 OTIPORT CENTRE STORE *****8 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR WO. **********0W KSS& WW En ETC OESTNATUN UMMU K»200l MUM 13W2M PONTWNMC KAGUR IKM 11M/2M 12W2M0 PONTIMMK NAHJKWA 34ZM 11WZM 12W2M PUSMAN&PKL BALAM For enqmriei and bookings please contactSEASPACE SHIPPING
      366 words
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      480 29 BSfl X MB MYANMA FIVE STAR UNE (Myaamar Natioaal Line) Loading for Yaagea VESSEL VOY SRI P«L PEN PGU MAWUURYME WW SLD SAGAMG OW SLD MALAYSIA AGENTS: ROUSTIAD SHTPING AGENOES XUt TH 03-2417)00 PKL TEL 03-*****101 PEN: TH 04-*****02 PGU: TEL 07-*****21/4 BANK LINE (A Mrvk* of Aidrtw Wtk Skipping)
      480 words
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      1280 29 HYUNDAI MERCHANT MARINE CO., LTD. vcsa voy aw sou I ibi rtm I ant I ham Iwv Ivtssa vor I sou i» I rn» I ant han I niv Isw I DAWK SSSW 10/08 20/08 02/0* 30/00 31/00 BK S4II 17/07 22/07 11/0/ 20/07 10/00 HOIKS 017W 11/00 01/0* 02/0*
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      854 29 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT SERVICE* |VISSa VOY RAMf HEIGHT iIN |LK MAO MA SAV ML ORF [NYC NRfV MM TAMPttE AHOI6 400Tmh 6JM iT/M OMH 777 M 20/09 22/09 24/09 25/09 27/09 01/10 04/10 TIXAS AHOI7 400Ta«s 6.3 M 27/ OS 2S/09 03/10
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      833 30 BANGKOK/MAP TA PHUT/LAEM CHABANO JAKAWTA/PANJANQ vrwi ML- _ML_ _Ml_ —MB. LOl VKSA VOY SM *T Ml MUM Ml UZM Ml z LiJB_ m? !1/S =SS xethaihum- mm irn Mi !ZZ»_ lauo" 11% mm I AO soon 417E 14/ M H/M 11/ M 00(1 AUTHORITY# QMS 14/ M 17/jj lAMIIHUM 170*
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      375 30 INDONESIA NATIONAL LINE TO AUSTRALIA 1 RILL OOKPUHEB SERVICE vs wi_ m m m msm I*a m USUGAI MS ONI IS/tt ii/« -vm |m/n rawMSMM a" qmt n/m ii/w MNarr «T n/H»/H m/w h/w n/w ps/w MBMRAU) m M/WB/II H/H 17/W H/W [n/W FEEDER SERVICE TO INDONESIA wi vot MMjgg
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      562 30 VESSELS VOY SW PKL I JED I MLA LEH HTM HAM ZEE SOT SAUOtJEDOAH N3BW 10*06 11/06 18*06 22/06 28*06 29*06 31/06 01/ DO 02*06 SAUDI JUBAL K36W 15*06 18*06 24*06 30*06 06/06 08*06 08*06 10*06 11/06 sauoivahbu jm 2ate aw ~sm~ t&t*— kV66 ~im» -~ms~ itw ~i?a» I Vli£
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      53 33 New Advertisers/Services/Agencies I YANGON See Page 14 EAGLE CORPN. (PTE) LTD JAPAN PORTS!! TURN TO Page 7 on NTL NAIGAI TRANS LINE (S) PTE LTD NORTH CHINA SERVICE See Page 5 Daily COSTAR SHIPPING PTE LTD FREMANTLE COCOS CHRISTMAS ISLAND WESTERN AUSTRALIA Turn to Page 8 Daily ASSETS ASSETS SHIPOWNERS
      53 words
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      57 34 p$Z jfefoman, lues n mi i Nfw V* VOY_ PM m WI m in rmj I pad M cin o«i hou not wui SAM HOUSTON 01 D 09/08 IS/08 20/08 14/08 21/08 2S/08 27/08 D 23/09 27/09 04/10 03/10 OS/10 STONfWAU JACKSON 01 05/09 28/08 19/09 09/09 23/09 20/091 19/09
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      37 34 i&fttk SINOKOR MERCHANT ff ™!Lt* MARINE CO LTD UM)-usim/7]ti/i7N FU. M 3 MMH2 cvBAAT FARWIOi SHIPPING AGENCIES PTE LTD EXPORT W: 221-M22 (5 Uiws) Fm: 224-ISI4 (T CHOTAWC Ml: POIT KIAWG USW: UISAW PUS: PIISAN KWY: KWAWGTANG
      37 words
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      53 34 SHIPPING •WAREHOUSING lot am: Singapnre Ixndmg DaiH Man lo Sat (BATAMINDO LTI1) Accepting PnX"onvcntwnayProjoa/Heav"v Ijft Capo Reefer Container lint on Stngap*r Ixathng Men. Wed &Fn (BATAMINDO D) Accepting K"1 Ai imtntx raVPh >»ea Heav> Lift Cargo Tab 227 0322 Fax: 222 9330 Botonfcdo Skippiag Pt« Ltd Ik jhgpd l«W fmfm
      53 words
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      1071 35 SHIPPING LINE LTD 72 Anson K*ad, *04-01 to 03, Singapore *****1 MAM UM/OUmUD: 532 Ml IMWAID (Woh 437 23M IMPOtT STATUS (M 0): 437 237t INVENTOOT (MO): 437 2420 Wobsito htfp://www.iOMM4ora.<om CR NO. **********0N (Cclia/Jessita/Mei Chon/Jetlynn/Dora/Yvonne/Hanim) EEEHESSEHSHBI 8 sigs/weekly ÜBXm 3 slgs/weekly l vtssa I VOT I Hi I JAK
      1,071 words
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      790 35 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO H®- Ml I*T I KWT~PDO (M low HAI WTI 0«F SAV WW TAM HOU HOKjH DTK /00S0 _22/ M 21/W 31/00 02/09 12/09 07/09 H/W 77/09 H/10 22/10 23/10 34/10 30/10 04/11 MII gigsff&a" l a{g ?im HOtGH 0M« /OSSO 07/10 13/10
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      181 35 vcsa vot ra feu oat voy hasm dat wausiaxi ?i/ss 07/w mom ?17Sm om> iw kuausiaxi ?im m/m m ?i77« im* TSUMU9ICB 71/15 10/W Si 717W 11/W "HT~ KUALA SIAXI 7I7TS 17/ M SM TUfT IMi IS UIAUSIAXB 71KK ivn SUM TIH IMa HON nMusiwi tTSTs m 75 mom jiiuT
      181 words
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      661 35 PBSHS, ENG LEE SHIPPING COPTEUDI I \BaCA ***** M (It Ums) Fax: SWIM/DMHII T Clfci ISIMMMMC I VESSH VOT SIN ETA SIN ETD DESTINATION UmonS»?3 8/00 06/00 07/06 Bo*rww/Bomanc UnwS*37 9/00 07/08 09/06 Betow Unm Sa 8 »/00 07/08 09/08 UK/Dim UnonStolO 8/00 07/08 08/08 tttt Unjoin ld/00 09/08 11/08
      661 words
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      629 36 VESSEL VOY SIN MAA SIN I TIGER BRIDGE 824N 11 12/06 17 2<VOB 25-2608 I TIGER METRO 825N 1&17 08 21 24/08 29-3008 I TIGER STAR 826N 18-19/08 24 27/08 0102/09 I TIGER RHYTHM 827N 22 2008 28-31/08 05-0&09 I TIGER BRIDGE 828N 25-2608 31 0009 0&0909 I TIGER METRO
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      1187 36 JV FREIGHT LINKS EXPRESS Tel: *****11 Fax: *****77 E-mail: Flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO •OSAKA/NAGOYA *LAEM CHA BANG •LAE/PORT MORESBY •PASIR GUDANG -CEBU ADELAIDE/BRISBANE •TAICHUNG/KAOHSIUNG SHANGHAI/XINGANG *MAHE INCHON HAIPHONG/PHNOM PENH «YANGON •SEMARANG/BELAWAN SUVA/NOUMEA MALTA FOR BOOKING; *****51/3/6/60/61/62/67/68/69/79 PROJECT SHIPMENT HEAVYLIFT CARGO Lawrence Lim *****78 lawrence#flesin.com.sg WAREHOUSING LOGISTIC SERVICES ENQUIRY CONTACT:
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      1186 36 For booking t enquiry (oil *****80 /JtV Wtbsit*: http://www.ood.CMii \fv f USA/CANADA h Wft SCPLO 01 MM IfttHOU lw»y« MEM WYC HOU 01 i V OOQ (AUfOtMA 47E532 KPT 7S/DI 30/01 31/ M 31/01 30/01 00Q WW TOM 04W521 11/07 If/07 20/07 71/07 24/07 13/W 00(1 Nf* 'OtK 07E533 14/01
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  • Page 37 Miscellaneous
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      112 37 t ical Sln^aporc K Thunderstorm A Showers ain Tempoiatuio Wjni amj S(>BWll kfM)J# Cloudy Day Wcathcr c < 3 Hazy Wind speed symbols Conditions Q Full ciicle w/o line indicates calm or light arid variable winds I Slu)l,t> <1 ?m J—One hall fleche represents Knots Moderate. 1.2 m 2.5 m
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