The Business Times, 11 August 2000

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Microfilm: NL21902
Total Pages: 54
1 54 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 TheBusinessTimes MIT A (P) 035/12/1999 85* r SINGAPORE internet: http://business-times.asial .com.sg/ FRIDAY, AUGUST 11, 2000
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  • Article
    Lock icon MARKET SUMMARY
    75 1 E3 4ML33 (+39.31) BT-SRI 82L15 (+14.38) ST INDEX FTTUIES 2,077.00 (+36.00) SDCSCI FUTURES 274-80 (+5.40) STOCK MARKET INDICES Thursday Change KLSE COMP 808.62 -10.49 NIKKEI 225 -5R96 HANG SENG *****21 151.22 SET INDEX 309-42 5.60 JAKARTA COMP __488.62 +6.27 MANILA COMP —1,***** +18.71 TAIPEI WPI 8,024.69 -2145 SEOUL
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  • Article
    Lock icon FINANCE
    72 1 FOSEX BATES us$ st US$ 1-714 £(l'S$/S$ perit) 1.498 1567 EliRO(lS$/SS/E) 0903 IMS DM 2.166 1.263 YEN 1076 62.80 RM 1800 2517 HK$ 7.800 4 560 BAHT 40.81 23.80 RUP1AH 8,420 4,912 PRIME RATES SINGAPORE* 5.80 KlIALA LUMPUR 7.67 JAKARTA BANGKOK MANILA 11.00 HONGKONG 8.50 TAIPEI 7.84 SYDNEY 8
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  • Article
    Lock icon Flextronics to buy JIT in US$640m deal
    661 1  -  Purchase pats 42% premium on JIT, which will be delisted By Tay Hong Seng [SINGAPORE] Nasdaq-listed Flextronics International yesterday surprised the market by announcing that it is buying Singapore's JIT Holdings for US$64O million (551.09 billion), paying a hefty 42 per cent premium.
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  • Article, Illustration
    Lock icon IMF ticks off Indonesia over central bank governor's arrest
    718 1  -  li lexclusive It warns of markets' loss of confidence in govt's ability to implement reforms From Yang Razali Kassim in Jakarta THE International Monetary Fund (IMF) has taken the Indonesian government to task over the detention of the Central Bank governor,
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  • Article, Illustration
    Lock icon Surprise Kwik exit ahead of Cabinet shakeup
    1055 1  -  Finance, Cooperatives ministers also ready to go From Yang Razali Kassim in Jakarta WITH President Abdurrahman Wahid set to shake up the Cabinet on orders of the legislature (MPR), ministers seemed resigned to the inevitable: quit before they are told to go. And
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      Lock icon Page 1 Advertisements Column 1
      191 1 dtstoe Top stories Next Page Chartered Semiconductor Manufacturing and Lucent Technologies unit to invest USs7oom in tie-up. Pg 3 Sept COEs for two main categories up $2,000 or 6%. Pg 10 BT Comment Lee Han SNh on tie brutal tacts of business ®e from Flextronics, Natsteel Electronics. I*3 ■111 s^szisv'sooooZ
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      5 1 Go* Dor's performance, Next Page
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      68 1 Hock Lock Slew; Flextronics wields the power of 'Nasdaq currencyPg 3 ™;> »T r»^ mmM*' Why economists have been 'jndGr-estimating the strength of Singapore's recovery Next Page How the sectors performed PgB Britonßeyond the short-term sizzle Pg 12 Capital protected funds How safe are they? EXECUTIVE MONEY EM 10 7
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  • NEXT page
    • Article, Illustration
      Lock icon Singapore's exports more diversified now
      822 2  -  Structural shifts could be reason why analysts underestimate strength of recovery: MTI By Anna Teo [SINGAPORE] Singapore's industrial exports have become more diversified beyond electronics, and beyond the US market and that may be why economists have underestimated the strength of the economic recovery, the
      Source: Malistry of Trade & Industry  -  822 words
    • Article, Illustration
      Lock icon Another coup for Richard Li: a backdoor listing in Japan
      628 2  -  CyberWorks paying 27b yen for control of loss-making J&leco From< Quak Hiang Whai in Hongkong RICHARD Li, named this week the best deal-maker in the last 25 years by Asiaweek, opened up another major front in his Internet empire yesterday
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    • Article, Illustration
      Lock icon Sing dollar, rupiah explode on good news
      758 2  -  US$ is close to bottom versos rupiah, say analysts By Larry Wee [SlNGAPOßE] The Indonesian rupiah and Singapore dollar exploded yesterday as a confluence of good news forced short-sellers to clear out, but there was almost unanimous agreement that Indonesia was unlikely to
      Source:  -  758 words
    • ON THE grapevine
      • Article
        Lock icon Lifting exercise
        73 2 EMPLOYEES OF NTUC Income must be a really fit bunch. To promote health and fitness among staff, all the lifts in its seven-storey building are switched off between Bam and 10am every Friday, leaving employees with no choice but to clamber up the stairs to their offices. For
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      • Article
        Lock icon Heartening news
        37 2 THIS heart-stopping piece of news is from the Belgian national airline Sabena, which says in its inflight magazine Passport that "throughout the whole flight, you may use your electric shaver, hearing aid device and pacemaker".
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      • Article
        Lock icon Go figure
        62 2 HERE'S another airline gem. One part of the safety card says: "If you are sitting in an exit row and you cannot understand this card or cannot see well enough to follow these instructions, please tell a crew member." Thing is, how can a passenger do so if
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Chartered, Lucent unit to invest US$700m in tie-up
      451 3  -  The firms will jointly develop wafer manufacturing processes over the next 5 years By Toh Han Shih LOCAL company Chartered Semiconductor Manufacturing and US firm Lucent Technologies Microelectronics Group will invest US$7OO million (Ssl.2 billion) over the next five years to jointly
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    • Article
      Lock icon Flextronics wields the power of 'Nasdaq currency'
      629 3  -  locksiew lee han shih TWO facts of business life were made brutally clear yesterday by the near-si-multaneous announcements of Natsteel Electronics Ltd (NEL) and Flextronics. The first is that contract electronic manufacturing—of which the Sin-gapore-incorporated Flextronics and NEL are respectively the fourth and
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    • Article, Illustration
      Lock icon NEL interim falls 47%; expansion continues
      714 3  -  Profit falls to $23m partly dne to 2 non-cash items By. Andrew Wee NATSTEEL Electronics Ltd's (NEL) aggressive expansion through acquisitions and alliances ate into its earnings, cutting its interim net profit by 47 per cent to $22.9 million although turnover rose 23 per
      ARTHUR LEE  -  714 words
    • Article
      Lock icon NEL going into healthcare? Surely not?
      417 3  -  i =t tidbits corinne kerk SOMETHING was in the air at the Nat Steel Electronics (NEL) press conference yesterday in Raffles Hotel and it wasn't the smell of food wafting from an adjoining room or the mysterious whiff of coffee in my soon-abandoned cup
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    • Article
      Lock icon eWOS an unmitigated disaster
      845 4  -  hli commentary One would be hard-pressed to write a better script on how best to bungle an IPO. What on earth was UOB thinking of? r sivanithy MUCH has been written in the past two weeks about the botched eWorldofSports. com (e WOS) initial public offer.
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    • Article
      Lock icon Vickers Ballas interim net earnings jump 51.3% to $26m
      485 4  -  Stockbroking house gets boost from contributions of unit Vickers Capital Ven Sreenivasan VICKERS Ballas' interim net earnings rose by 51.3 per cent, thanks largely to the huge contribution from its subsidiary Vickers Capital. The listed stockbroking house raised its net earnings
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    • Article
      Lock icon Stats invests US$5m to boost capacity
      276 4  -  By. Andrew Wee ST ASSEMBLY Test Services (Stats) has invested US$5 million (SsB.6 million) to increase its Singapore manufacturing capacity. The investment has increased its operational area by a third to over 300,000 sq ft. The additional area can be used for high-end digital
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    • Article, Illustration
      Lock icon S'pore should rally up to 15% by end 2000 Morgan strategist
      400 4  -  By Ven Sreenivasan SINGAPORE is the region's most undervalued stock market and should rally as much as 15 per cent by the end of this year, says Morgan Stanley Dean Witter's new Singapore-based strategist. Norman Villamin reckons the local
      FILE PHOTO  -  400 words
    • Article
      Lock icon VibroPower gets nod for Sesdaq listing
      141 4  -  fty Bryan Lee GENERATOR maker VibroPower Corporation has received in-principle approval to list on Sesdaq. The company designs and constructs generators to provide power where the supply is unreliable. They are also used to provide standby power in commercial, industrial and residential buildings. VibroPower
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    • Article
      Lock icon OUE's interim profit climbs 28.5%
      277 4  -  fiy Marissa Chew OVERSEAS Union Enterprise yesterday posted a 28.5 per cent increase in net earnings for the half-year to June 30 on better profits from its hotel management business. The hotel group said net earnings rose from $10.8 million to $13.9 million. It also
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    • Article
      Lock icon S'pore banks trail global players in Asian bond issues
      526 7  -  Morgan Stanley, JP Morgan and Lehman Brothers are top bookrnnners in regional markets ffy Siow Li Sen SINGAPORE banks with regional aspirations have some way to go if their latest rankings in Asian bonds and syndicated loans are a measure. Even
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    • Article
      Lock icon SC Global public float tits 13.5%, spared from delisting
      258 7 HIGH-END property developer SC Global Developments has been spared from delisting. It has managed to raise the public float of the company to 13.5 per cent, thus complying with the Singapore Exchange's (SGX) listing rules, which require listed companies to ensure
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    • COMPANY Briefs
      • Article
        Lock icon Boeing officials here to woo SIA
        119 7 AP EXECUTIVES from US aircraft maker Boeing were in Singapore yesterday to market the airline's 767 line of planes to Singapore Airlines. Boeing and its archrival, Europe's Airbus Industrie, are both vying for the airline's expected purchase of midrange passenger jets for flights within
        AP  -  119 words
      • Article
        Lock icon SPC to raise refinery output
        90 7 SINGAPORE'S third-largest refiner, Singapore Petroleum Co, plans to raise its refinery output by as much as 10 per cent by the end of the month to meet growing demand for kerosene and other fuels in Indonesia. The Organization for Petroleum Exporting Countries' only net importer
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      • Article
        Lock icon Capital Group ops Omni Ind stake
        51 7 SUBSTANTIAL shareholder The Capital Group Companies Inc has raised its deemed interest in Omni Industries from 49.56 million shares representing a 12.64 per cent stake to 50.36 million shares representing a 12.84 interest following the purchase of another 793,000 shares this week at market
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      • Article
        Lock icon Thakral and Virgin in airship ad deal
        89 7 AFX-Asia THAKRAL Corp has signed a joint venture with Virgin Group's associate, Lightship Asia-Pacific Pte Ltd to charter airships to commercial organisations. The airships will be used as advertising media in China and Hongkong. Lightship will own 62 per cent of the venture
        AFX-Asia  -  89 words
      • Article
        Lock icon Osprey completes capital reduction
        36 7 m m OSPREY Maritime said its exercise to reduce the par value of its shares from US$l to US$O.lO each has been completed, having been approved by shareholders and the High Court.
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      • Article
        Lock icon Ming Wah profit Jumps 134%
        78 7 MING Wah Universal (Bermuda) posted a 134.7 per cent jump in net profit to US$l5.3 million (Ss26 million) on a 12 per cent higher turnover of US$29 million for the 6 months ended June 30. The company said its operating income included U556.36 million received
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    • Article
      Lock icon 1 DBS Land share for 1 Pidemco share now
      623 7  -  Move aimed at trading convenience; economic and financial effects preserved Kalpana Rashiwala DBS Land shareholders will not have to worry about odd lots after the merger with Pidemco. One DBS share will now be exchanged for one Pidemco share, instead of
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    • Article
      Lock icon CDL Hotels'sale of M&C stake to CityDev approved
      167 7 CDL Hotels International shareholders have approved the sale of a 52.4 per cent stake in London-listed Millennium Copthorne Hotels to Singapore-listed City Developments for HK$6.l billion (SSI.3 billion). At an extraordinary general meeting on Wednesday, they also approved the setting up of
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    • Article
      Lock icon Presscrete to issue 12m shares to Kay Hian
      176 7 SESDAQ-listed Presscrete Holdings will issue 12 million new shares to broking house Kay Hian at 15 cents each. The private placement will raise $1.73 million, of which $1.4 million will be used to repay debt owed by Presscrete's subsidiary. Ceramic Technology. The
      176 words
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      Lock icon Page 4 Advertisements Column 1
      234 4 a Coaches Wanted?^) "Great teams all use coaches to build their success, correct their mistakes and devise winning strategies. At Business Thinking Systems we will empower you to apply this to the business world." John Ibmos Managing Director and Founder Business Thinking Systems Business Thinking Systems is an acclaimed planning
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      82 5 The Moon Watch f I t i L ■I J# *j(| f O 'jßf 4hV Je/ s JBJlAfj^ M Mw/1 m If? J/ ff Speedmaster Professional an If m vff The first and only watch worn Jf/ fff on the Moon. «JhL Vm jflp jo OMEGA www.omegawatches.com Main Service Centre:
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      488 6 Stocks Volume IPC020C 24,503,000 PNE Ind 10c 16,580,000 ISoftel 5c 10,918,000 Reed Grp5c 10,221,000 FHTK Hldgs 20c 8,478,000 Stratech 5c 7,954,000 BrierteyNZIOc 7,715,000 Links Island 10c 7,603,000 TTInt 15c 7,302,000 SMRT10C 7.291.000 Stock* S DBSGrp 60,801,367 Chart Semiconductor 26c 57,806,311 PacificCentury 38,225,602 OCBC 34,950,580 SPH 34,910,500 NatEteclOc 33.668,340 VentureMfg25c 29,047,800
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    • Article, Illustration
      Lock icon Strong index-linked buying, but few dealers excited
      541 6  -  I-I i comment STOCKS r.sivanithy Trading in blue chips yesterday more than made up for the two dismal sessions earlier in the week. Strong index-linked buying probably on news of the 8.8 per cent first-half economic growth helped prices recover to more respectable
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    • Article, Illustration
      Lock icon Yen could call shots today, with 108.50 the key mark
      479 6  -  -1i comment CURRENCIES larry wee SOONER than we had expected, a confluence of positives saw a test of the lower end of the US dollar's new trading ranges against the Indonesian rupiah and Singapore dollar yesterday, and a further move
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    • Article, Illustration
      Lock icon Want Want warrant hinges on interest in US$ issues
      178 6  -  WARRANT WATCH By R Sivanithy THE foreign currency segment of the local stock market has been in the doldrums for months now, despite brokers offering preferential commissions for large trades in these stocks. One counter which suffers from this odd lack
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    • Article, Illustration
      Lock icon Ipco will likely stay volatile
      249 6  -  HOT STOCK By' Ven Sreenivasan THE stock of infrastructure engineering company Ipco International headed the actives list yesterday as it rose 4.5 cents or 8.4 per cent to 58 cents. A total of 24.5 million shares changed hands. The counter has crashed from a May
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    • Article
      Lock icon Market Notices
      159 6 ♦CHEVALIER Singapore Holdings will hold its AGM on Sept 8 at 10 am, 30 Stevens Road, Pinetree Town Country Club, Balmoral Halim. ♦GREAT Eastern Holdings will be trading ex-dividend (interim dividend of 5 cents) on Aug 24. Last day for buying-in on a cum basis is on Aug
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      654 6 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 11l LIANG HUAT ALUMINIUM LIMITED WT\ 8 (Incorporated in the Republic of Singapore) IMPORTANT REMINDER To: HOLDERS OF WARRANTS OF LIANG HUAT ALUMINIUM LIMITED (the "Company") NOTICE EXPIRATION OF WARRANTS OFTHE COMPANY ON 14 SEPTEMBER 2000 THIS NOTICE IS
      654 words
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      Lock icon Page 6 Advertisements Column 2
      49 6 I 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 pro.pectus The value of the units and the income from them may fail as weii as rise >l<i
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  • ECONOMIC survey
    • Article, Illustration
      Lock icon Generally upbeat
      33 8 Second-quarter2ooo Singapore economic survey' iWe need to be resilient to react to global trends. 9 Khor Hoe Ee, senior exec director, MAS unless otherwise stated, tigs refer to Q2 yoy growth
      33 words
    • Article
      Lock icon Govt happy with finance sector showing despite 1.4% shrinkage
      568 8  -  Sector is still on general upward trend, growing 4.1% quarter-on-quarter Hy Ling Su Ann HIT by a plunge in stockmarket activity, the financial sector contracted 1.4 per cent in the second quarter, reversing the 12.4 per cent surge in the previous
      568 words
    • Article
      Lock icon Sharp Q1 growth revision due to insurance
      187 8 BOOSTED by stronger-than-expected contributions from the insurance industry, the financial sector saw a significant upward revision in first-quarter growth to 12.4 per cent, government officials said yesterday. The revised figure is almost double the previous estimate of 6.9 per cent, and is largely
      187 words
    • Article
      Lock icon Rise in oil price will have little impact on inflation
      514 8  -  By Eugene Low FURTHER oil-price increases would have a relatively small effect on Singapore's inflation rate, the Ministry of Trade and Industry says in its latest economic survey. The MTI says econometric analysis shows a year-long increase of US$lO would
      514 words
    • Article
      Lock icon Most manufacturers expect second half to be better
      319 8 A WKIGHTED 32 per cent of manufacturers surveyed by the Department of Statistics (DOS) and the Economic Development Board (EDM) expect improved business conditions in the second half of the year, while a weighted 5 per cent anticipate a deterioration. Overall, a
      319 words
    • Article
      Lock icon Construction remains mired but things are looking up
      443 8  -  Activity falls 9.8% in Q2; MTI sees growth only in Q2 next year Chuang Peck Ming IT may be another year before the construction sector gets over its blues. Things have started looking up, but the sector is still contracting. And the
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    • Article
      Lock icon Transport, telecoms up 9.6%
      221 8 TRANSPORT and communications continued to grow strongly in the second quarter. And analysts expect a similar performance for the next few quarters. Powered by stronger regional trade and the liberalisation of telecommunications. the sector grew 9.6 per cent year-on-year in AprilJune a shade below the 9.8
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    • SURVEY Snippets
      • Article
        Lock icon Even more robust growth
        58 8 MEASURED on an annualised quarter-on-quarter basis, economic growth in the second quarter was an even more robust 11 per cent, in seasonally-adjusted terms. The manufacturing sector in particular grew 25 per cent, and hotels restaurants, almost 23 per cent. Financial services, while contracting year-on-year, picked up
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      • Article
        Lock icon External demand expands 12.5%
        63 8 REFLECTING healthy global and regional demand, external demand grew 12.5 per cent in Q2. Both goods and services exports rose. Domestic demand was also strong. Rising incomes led to further increases in household spending, with private consumption growing 9.1 per cent. Singaporeans' overseas spending picked up,
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      • Article
        Lock icon $2.3b in manufacturing pledges
        60 8 MANUFACTURING investment pledges amounted to $2.3 billion in Q2, with foreign investors contributing 72 per cent. The electronics and chemicals industries accounted for 73 per cent of the total commitments. Services investment commitments reached $516 million, 54 per cent of which were from foreigners. Most of
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      • Article
        Lock icon Job creation back to pre-crisis level
        68 8 JOB creation has returned to pre-crisis levels. Employment rose by about 30,800 in Q2, with the services sector adding a total 0f22,700 jobs. The gains, however, did not lead to an improvement in the unemployment situation: The overall jobless rate in June 2000 was
        68 words
      • Article
        Lock icon Retrenchments down in Q2
        46 8 THE number of retrenchments fell significantly to about 1,700 in Q2, from over 6,000 in Ql. According to the Ministry of Trade Industry, the respite in layoffs came about as the disk drive industry had completed its major retrenchment exercises in Ql.
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      • Article
        Lock icon Productivity growth moderates
        52 8 PRODUCTIVITY growth moderated slightly to 4.2 per cent in Q2. Excluding the still-sluggish construction sector, overall productivity gains would have been higher at 4.6 per cent. Both manufacturing and wholesale/retail recorded productivity growth of more than 11 per cent. Three sectors —construction, financial and business services had
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Foreign tie-ups approved for 7 law firms
      511 9  -  Two applications still being considered ont of nine received Andrea Tan THE Attorney-General's Office has approved seven joint law venture (JLV) licences as part of the government's move to liberalise the legal profession. Attorney-General Chan Sek Keong yesterday said nine applications had been
      511 words
    • Article
      Lock icon Zaobao.com offers Chinese job website
      189 9 ZAOBAO.COM, the Chinese Internet portal of SPH Asia One, has launched a careers website to help companies recruit Chinese talent. It has also launched a virtual community of personal homepages, online bulletin boards and directory listings of Chinese websites in Singapore, Malaysia. Thailand, Australia and
      189 words
    • Article
      Lock icon M1 'open to discussion' to stay on as Sing Tel reseller
      529 9  -  Sing Tel, Star Hub are scrapping their IDD deals with Ml By Teh Hooi Ling MOBILEONE is "open to discussion" with Sing Tel to continue as the latter's reseller of international direct dialling services (IDD) following SingTel's and Star
      529 words
    • Article, Illustration
      Lock icon Sept COEs for two main categories up $2,000 or 6%
      595 10  -  Cat A ends at $36,020, Cat B at $34,809 as bids surge almost 40% to outstrip supply 1.93 x By( Christopher Tan AN apparent change of mind about the likely impact a new bidding system could have on COE prices
      595 words
    • Article, Illustration
      Lock icon Tender called for Ubin, Tekong reclamation
      330 10  -  Mnlti-billion-dollar contract involves reclaiming 3,310 ha By Marissa Chew A TENDER has been called for a major land reclamation project on the north-eastern islands of Pulau Übin and Pulau Tekong. The tender, due to close in mid-September, will involve reclaiming a total of 3,310
      Source: URA  -  330 words
    • Article
      Lock icon eWOS.com incident throws up need to improve IPO process
      262 10  -  Carol Sim Siew Tin THE flop of the eWOS.com IPO has raised many issues. As we are moving towards a disclosure-based market mechanism, I feel there is a need for improvements in the IPO process. Most IPO issues involve offering shares
      262 words
    • Article
      Lock icon Former site of Madam Wong's sold for $13m
      145 10 THE former premises of popular watering hole Madam Wong's have been sold for $13 million. Number 28 and 29 Mohamed Sultan Rd a onetime rice warehouse owned by the family of chartered surveyor Chng Chwee Leng have a combined land area of
      145 words
    • Article
      Lock icon Govt finds phenol in guts of fish
      101 10 TRACES of the industrial disinfectant phenol have been detected in the guts of fish sampled by the Agri-food and Veterinary Authority (AVA). Although no phenol was in the fish meat, the AVA said yesterday it would continue to suspend the harvesting and sale
      101 words
    • Article
      Lock icon UOB ad looks promising, but...
      67 10  -  Denas Chandra UNITED Overseas Bank's new health-care fund has an ad featuring X-rays of various body parts. The chest X-ray shows a very rare condition called situs inversus where both the stomach and heart are on the right rather than the left side. I am
      67 words
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      198 9 SONY. oU:JcitiOJ i hb Planning Obi |HM a H I -"$> «*■«'?jP "^^SESSPC Lens j^^Ky Memory J 1 PC-use (V Oo|fefl Handycam Actual Size |So Compact. /Tji^f^, If you could take a vacation everyday, there would be no need for a II h~jjjZ™~ Jj Sony Digital Handycam. But life is
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      207 10 3°^ (6 months'tenure, SS3OOO min. deposit) The good news is, finatiQ's fixed deposit rate is higher than most out there. The great news is, it can get even higher. Thanks to our unique pooling system, the more funds we collect during the open period*, the higher the interest rate will
      207 words
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      68 10 We welcome letters. E-mail us at b com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road', Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear
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  • e-NEWS
    • Article
      Lock icon Visa sets new security rules for Net purchases
      544 11 BETHESDA, Maryland 10 directives to combat online fraud which is 3 times overall card fraud Reuters VISA, the world's biggest payment card network, has set 10 new security rules for transactions done over the Internet by its more than 21,000 member financial
      Reuters  -  544 words
    • Article
      Lock icon Dow Jones to vary weighting of Net indexes
      278 11 NEW YORK Reuters Dow Jones Co is changing the way it weights companies included in its Internet indexes to make the gauges better reflect current trading patterns, effective from Sept 18. The publisher of The Wall Street Journal said the changes will
      Reuters  -  278 words
    • eBriefs
      • Article
        Lock icon MobilCom H1 pre-tax plunges 63%
        85 11 AFP [BUEDELSDORF, Germany! MobilCom, currently bidding for a licence to operate the new generation of mobile phones in Germany, saw its pre-tax profit plunge 63 per cent in the first half owing to high investment, it said yesterday. MobilCom said pre-tax profit amounted to 15.03
        AFP  -  85 words
      • Article
        Lock icon NTT Comm, Covad to invest in Japan
        95 11 Reuters [TOKYO] Japanese Internet service provider NTT Communications said yesterday it and US-based Covad Communications Group Inc are teaming up in a Japanese start-up in high-speed Internet access service. Each will invest 1.25 billion yen (5519.9 million). Under the deal, NTT Communication and
        Reuters  -  95 words
      • Article
        Lock icon Healtheon/WebMD Q2 loss grows
        60 11 Bloomberg [SANTA CLARA, California] Healtheon/ WebMD Corp, a website linking insurers, doctors and patients, said its 02 loss widened because of marketing costs and the integration of acquisitions. The loss was US$5lB million (SsBBB million), or U552.64 a share, an increase of more than 29-fold from
        Bloomberg  -  60 words
      • Article
        Lock icon Microsoft creates new.NET group
        90 11 AP [SEATTLE] Microsoft Corp is creating an internal division to focus on the company's new strategy to bring its software to the Internet, putting the unit on par with such cash-cows as Windows and Office. Chief executive, Steve Ballmer, on Wednesday named group vice president Bob
        AP  -  90 words
      • Article
        Lock icon Dell chairman sells 1.75m shares
        30 11 Bloomberg [ROUND ROCK, Texas] Dell Computer Corp chairman and founder Michael Dell sold 1.75 million of its shares last month, raising $83.4 million (Ssl43 million).
        Bloomberg  -  30 words
    • Article, Illustration
      Lock icon Net a good book lately?
      73 11 [NEW YORK] Dick Brass, (left) vice-president for Technology Development at Microsoft, displaying a pocket PC while talking to reporters during a news conference. With him is Steve Riggio, vice<hairman of Barnes Noble.com. Mr Brass and Mr Riggio announced the opening of Barnes Noble.com, an eßookstore
      REUTERS  -  73 words
    • Article
      Lock icon Salomon Smith joins online bond trading group BondBook
      317 11 NEWYORK FT SALOMON Smith Barney has agreed to join Bondßook, an online bond trading platform being developed by Merrill Lynch, Goldman Sachs and Morgan Stanley Dean Witter. The addition bolsters the group's standing in the race to move bond trading onto the
      FT  -  317 words
    • Article
      Lock icon Singer Prince excited over Napster
      204 11 NEWYORK Reuters FUNK and rock star Prince weighed in this week on music-sharing technology issues, calling services like Napster "exciting", and sharply criticising the record industry for exploiting artists. Prince's remarks, posted on his website (http://www.npgonlineltd.com) earlier this week and released in a statement on
      Reuters  -  204 words
    • Article
      Lock icon Phone.Com, Software.Com in US$6.4b stock merger
      486 11 SAN FRANCISCO WAPcre&ter Phone.Com to offer 1.61 shares for each Software.Com share AP TWO companies that sell Internet-enabling software to major telecommunications concerns have agreed to a US$6.4 billion (Ssll billion) stock-swap merger, hoping to dominate the field. Phone.Com Inc created the Wireless Application
      AP  -  486 words
    • Article
      Lock icon Palm unveils latest handheld, new mobile Net kit
      358 11  -  SINGAPORE By Daniel Buenas PALM Inc announced yesterday the launch of its new mIOO handheld and a new mobile Internet kit. The handheld is targeted at non-expert computer users and "on-the-go" consumers who are often away from their desk. It comes with
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      75 11 Amana Refrigerator Freezers 22 cu ft 620 litres Built-in, Side-by-side Ice'N Water™ Dispensing Refrigerator, Black with Stainless Steel door wraps and Solid Stainless Steel handles DnMHlfiflßiiliftli -.X sp awrom 31 e»wt»« often? anuMnces are Asptaynd n typcal k«cneri settings In tuxae delxery service .'-v. rgjl kvtnuae serv«jec(*»aa»i! @1 ■JJiIULI (B)
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  • EDITORIAL & opinion
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      Lock icon Gnutella is the real Net threat to capitalism
      925 12  -  bottom line OPINION michael lewis Michael Lewis, the author of 'Liar's Poker' and 'The New New Thingis a columnist for Bloomberg News. His opinions are not necessarily those of Bloomberg News Bloomberg EVEN lovers of free music should feel grateful that the
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      Lock icon IN OTHER WORDS
      65 12 'Internet surfing may be fun, but it represents a far smaller increment in the standard of living than achieved by the extension of day into night achieved by electric light, the revolution in factory efficiency achieved by the electric motor, (and) the flexibility achieved by the automobile.'
      65 words
    • Article
      Lock icon Beyond the short-term sizzle
      671 12 EDITORIAL THE almost-torrid performance of the Singapore economy in the first half of this year is further confirmation that the economy is back to the expansionary mode of pre-Asian crisis days. But while the short-term prognosis is excellent, a few medi-um-term structural issues still need to
      671 words
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      Lock icon Opening up its markets may not work for India
      1322 12  -  Torrent of cheap imports set to rash in when Delhi lifts all quota restrictions on April 1 next year By Prem Shankar Jha The writer, former editor of The Hindustan Times, contributed this article to BT FOR the past nine years,
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      Lock icon WHAT THE OTHERS SAY
      796 12 The religions factor AS THOUGH the US presidential campaign did not already have enough father-son drama, now comes the mother of all contests between Father and Son. The main battleground state is the state of grace. Democrats and Republicans are seeking a geographical advantage, but it
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  • MALAYSIA news
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      Lock icon Proton's Japanese director quits after survival gaffe
      695 13 KUALA LUMPUR He questioned its survival in an industry of ever-larger (giants AP MALAYSIA'S national carmaker Proton announced yesterday that the Japanese member of its board, who questioned its chances of survival without protective tariffs as a small carmaker in an industry of
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      Lock icon M'sian brokers can keep property arm now with firewall
      420 13  -  Prom Eddie Toh in Kuala Lumpur MALAYSIA will now allow brokers to retain their property interests but they will have to set up a Firewall, the Securities Commission (SC) said yesterday. SC chairman Ali Abdul Kadir said that in the event
      420 words
    • Article
      Lock icon Butt out, says KL; heed outrage, rebuts Australia
      296 13 SYDNEY Reuters AFP MALAYSIA yesterday told Australia to butt out of its internal affairs, but Canberra said Kuala Lumpur had to heed international outrage over the jailing of former deputy prime minister Anwar Ibrahim. Separately, in Kuala Lumpur, Canada said yesterday it
      Reuters; AFP  -  296 words
    • Article
      Lock icon Selangor chief minister quits abruptly
      265 13 KUALA LUMPUR AFP Bernama THE chief minister of Selangor resigned abruptly yesterday, citing health reasons, but one source said numerous poison pen letters were partly to blame. "I have been in public service for 37 years and so have decided to step down to devote
      AFP; Bernama  -  265 words
    • Article
      Lock icon Buyout talk boosts trading of Maybank, Phileo shares
      631 13  -  Maybank said to be switching to cash from share swap From Diana Oon Abdullah in Kuala Lumpur BANKING groups Maybank and Phileo Allied saw active trading of their shares on rumours that Maybank is to make Phileo a revised takeover offer. Phileo
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    • MARKET moves
      • Article
        Lock icon Investors drive down big caps
        69 13 Bloomberg [KUALA LUMPUR] Large capitalised stocks fell as investors deem the pace of reforms among companies in Malaysia as too slow compared with other Asian countries. Telekom Malaysia Bhd, fell 40 sen, or 3.3 per cent, to RM11.70. Tenaga Nasional Bhd, fell 40 sen, or
        Bloomberg  -  69 words
      • Article
        Lock icon Transport sector counters fall
        55 13 Bloomberg [KUALA LUMPUR] Transport-related companies fell, while oil refiners and retailers rose after the government said it plans to raise gasoline prices. DRB-Hicom Bhd fell 5 sen, or 1.8 per cent, to RM2.67, its lowest level in a month. Petronas Dagangan rose 2 sen, or 0.5
        Bloomberg  -  55 words
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      132 13 '>:?i '*5^ Titanium Has a New Face Presenting ERC, the Forged Titanium Driver that maximizes transfer of energy to the ball At last, a titanium club-face that gives you truly revolutionary ball (light. Tfl Callaway Golf's patented Variable Face Thickness Technology (VFTT) Lq 0 allows us to create a unique
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  • REGIONAL news
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      Lock icon Blow to Thai govt as Sanan is found guilty of graft
      188 14 BANGKOK AFP THE constitutional court yesterday found Thailand's powerful former interior minister Sanan Kachornprasart guilty on corruption charges in a landmark decision that delivers a blow to the reformist government ahead of the general elections, due later this year.
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    • Article
      Lock icon Thai stock rebound may prove short-lived
      403 14 BANGKOK Recovery fuelled by hot money, not fundamentals, say analysts Reuters IF you think the bulls have returned to Thailand's bourse, think again. The market's recent rebound after a miserable year is a short-term spike fuelled by hot money and not backed up by
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    • Article
      Lock icon Thai banks need US$32b to replenish capital: S&P
      135 14 BANGKOK Bloomberg THAILAND'S banks may need as much as US$32 billion (5555.24 billion) to replenish their capital because of the deteriorating value of collateral backing their loans, said Standard Poor's Corp. S&P's downbeat assessment comes three weeks after DBS Thai Danu Bank
      Bloomberg  -  135 words
    • NOTEBook
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        Lock icon Prosecutors closer to indicting tycoon
        37 14 AFP [JAKARTA] Prosecutors yesterday were handed documents related to graft charges against Muhamad "Bob" Hasan, former Indonesian president Suharto's top business associate, bringing the timber tycoon a step closer to trial. —AFP
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      • Article
        Lock icon Jakarta to review Net investors ban
        38 14 AFX-Asia [JAKARTA] The Indonesian government will hold an inter-ministerial meeting on Monday to review the ban on the entry of foreign investors into the domestic Internet sector, the Jakarta Post newspaper reported.
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      • Article
        Lock icon Indonesia's BNI says can repay debt
        36 14 Reuters [JAKARTA] Indonesia's state-controlled PT Bank Negara Indonesia Tbk (BNI) yesterday said it was able to repay some US$lOO million (Ssl7o million) in debt to foreign creditors this month. Reuters
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    • ASIA Notes
      • Article
        Lock icon HK court asked to enforce claim
        73 17 Bloomberg [HONGKONG] CCIC Finance Ltd, a joint venture finance company which counts one of China's biggest banks as a shareholder, is asking a Hongkong court to help enforce a claim against a bankrupt Chinese government-run trust firm. CCIC, along with seven other lenders, is
        Bloomberg  -  73 words
      • Article
        Lock icon Chinadotcom sails into red in 2nd qtr
        51 17 Bloomberg [HONGKONG] Chinadotcom Corp turned to a loss of US$l4.6 million (Ss2s million) in the second quarter from a profit in Ql. Its first-quarter profit of US$lOB.5 million reflected a US$l2O million gain from sales of investments and a stake in Hongkong.com Ltd.
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        Lock icon Tracker Fund pays HK$2b for stake
        45 17 AFX-Asia [HONGKONG] Hongkong's Tracker Fund has spent HK$2.3 billion (Ssso9 million) to acquire about 60 per cent 0f240 million Pacific Century CyberWorks shares which had been sold to an unidentified securities house, the Hong Kong Economic Times reported. -AFX-Asia
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      • Article
        Lock icon Wipro now No 1 Indian IT company
        53 17 Reuters [NEW DELHI] India's Wipro Ltd has edged past closely-held Tata Consultancy Services (TCS) in the revenue-based ranking of the nation's information technology (IT) companies, leading industry magazine Dataquest said. Wipro posted revenues 0f20.36 billion rupees (***** million) in 1999/2000 (April-March) from its
        Reuters  -  53 words
      • Article
        Lock icon Hutchison Australia registers as bidder
        39 17 Reuters [AUCKLAND] Hutchison Telecommunications Australia has registered as a bidder in the New Zealand government's slow moving, month-old radio spectrum auction. Hutchison has yet to bid, according to the NZ government auction website. Reuters
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    • Article
      Lock icon Taiwan banks can set up branches: China
      491 17 BEIJING They will be treated like banks from Hongkong, Macau, says central bank Reuters CHINA'S central bank said yesterday there were no legal barriers to Taiwan banks opening branches on the mainland, although bankers said sticky political ties were still a hurdle. This
      Reuters  -  491 words
    • Article, Illustration
      Lock icon Retail investors have little appetite for Taiwanese stocks
      401 17 TAIPEI Bloomberg FEW diners at the swank Taipei City Club express much appetite for Taiwan stocks, suggesting Wednesday's rally in the benchmark index, the biggest in four weeks, may be brittle. The Taiwan Stock Exchange Weighted Price Index (TWSE) that day rose
      Bloomberg; FILE PHOTO  -  401 words
    • Article
      Lock icon Swire Pacific lifts interim profits by 42%
      508 17  -  Sharp jump to HKs2.6b mostly due to strong recovery in aviation operations From Quak Hiang Whai in Hongkotty SWIRE Pacific, the British-owned conglomerate which controls Cathay Pacific Airways, has reported a 42.5 per cent jump in interim net profit to HK52.59 billion (*****
      508 words
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      362 14 n, -j, 4-4 ""m> -wn A. T *'W* 7?*. 1 Conducted bv renowned work-life TRAINING WORKSHOP FOR MANAGERS IN IMPLEMENTING M and work environment consultant A work-life strategy Ms Arlene Johnson, from the USA. Date 16 17 August, 2000 Ms Arlene Johnson is the vice-president of WFD, Time 9am spm
      362 words
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      170 15 t -zh 'y^|■ i&lk 1 f-' -r:' S i %i«" i 2% l j_% r jKa? -'w"C' jJ _.3 r Bavarian Folk Music Group Hans Obermeyt t VJP^' ■*< 1 "*.vaj* >// *^wW -a/ jr-imt* v <r jy |K 7/ /JT* > >. v -s /r l(l v /iP<. '-m
      170 words
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      1978 16 SOON LEE REALTY LTD (Incorporated in the Republic of Singapore) Directors: Registered Office: Dato Lim Kim Chong 705, Sims Drive, #06-01 Lim Soon Joo Shun Li Industrial Complex Lim Teong Huat Singapore *****4 Datin Ong Tin Lim Soon Huat Gilbert Ong 11* August, 2000 To: The holders of the Bonds
      1,978 words
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      222 17 LEGENDARY CUISINE WOUND THE f Italian masterpieces with a I I Yt *'&s•> Salon by the Pool, 8-22 August 2000 :-x--;**-=• m- -H—From Nicholini's of Conrad International Hong Kong, "Italy's Best Italian Restaurant Abroad", virtuoso Chef Greggio k presents a delectable symphony of fine Italian masterpieces. Each magnificent in artistry
      222 words
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  • WORLD news
    • Article
      Lock icon Fed report shows US economy has started to slow
      546 18 WASHINGTON Fed official says it is unclear whether the FOMC can stop raising rates yet AP Reuters THERE were growing signs that the red-hot US economy began to slow in the late spring and early summer, the Federal Reserve reported on
      AP; Reuters  -  546 words
    • Article
      Lock icon China TV turf battle turns bloody
      541 18 BEIJING Over 100 killed or injured in gun fights and beatings in Hunan province: report Reuters MORE than 100 Chinese have been killed or injured in a three-year turf battle between state phone giant China Telecom and local television stations, according to the official
      Reuters  -  541 words
    • Article
      Lock icon SEC okays rule barring selective news disclosure
      435 18 WASHINGTON Bloomberg THE Securities and Exchange Commission (SEC) approved a controversial rule that would bar companies from releasing market-sensi-tive information to favoured Wall Street analysts before announcing it to the public. The rule "would bring all investors, regardless of the size of their
      Bloomberg  -  435 words
    • Article
      Lock icon Cisco comfort fails to inspire bulls
      721 18  -  Cisco, despite its strong earnings report, could not break through range From i Andrew Marks in New York RARELY has Wall Street focused on one company's quarterly report and conference call to provide a sense of comfort, confirmation and conviction as it did with
      721 words
    • Article
      Lock icon Markets expect BOJ to raise interest rates
      443 19  -  Stock, bond prices fall while yen firms np as end to zero rate policy looks certain From l Anthony Rowley in Tokyo FINANCIAL markets, which had long been sceptical of any suggestion that the Bank of Japan would dare to end its 18-month-old
      443 words
    • Article, Illustration
      Lock icon Bridgestone cuts earnings forecast over tyre recall
      461 19 TOKYO Bloomberg AFP BRIDGESTONE Corp, Japan's biggest tyre maker, cut its earnings forecast by 26 per cent after it said it was recalling 6.5 million Firestone tyres in the US. The company will take a US$35O million (*****.5 million) one-time charge for the
      Bloomberg; AFP; AP; Source: Reuters  -  461 words
    • Article
      Lock icon Emerging market investment to fall: IMF
      580 19 WASHINGTON Concern over US economy and stock markets prompts investors to seek safe havens Bloomberg PRIVATE investment in Asia, Latin America and Eastern Europe will drop during the next year as investors seek safe havens because of concern that the US economy and stock
      Bloomberg  -  580 words
    • Article
      Lock icon Coke may face anti-trust probe in Mexico
      398 21 ATLANTA NYT COCA-COLA is about to face another regulatory problem in Mexico one of its most important markets. Mexico's anti-trust agency has reportedly found indications of monopolistic practices by the Atlanta-based beverage giant. The country's Federal Competition Commission will notify the company today,
      NYT  -  398 words
    • Article
      Lock icon UK inflation likely to rise above 2.5%
      477 21 But Bank of England puzzles market analysts by playing down need for imminent rise in interest rates FT [LONDON] The Bank of England, the UK central bank, has said that inflation is likely to rise above its 2.5 per cent target in the
      FT  -  477 words
    • Article, Illustration
      Lock icon Eye-catching
      47 21 [BEIJING] An advertisement company worker arranging his hair at the 7th International Advertising Show here on Wednesday. About 200 local andforeign companies displayed their newest advertisements in the four-day show which ends tomorrow. The Chinese character on the back of the female model reads "beautiful". REUTERS
      REUTERS  -  47 words
    • Article
      Lock icon UK fund managers attack iX stock split
      411 21 Dividing firms into blue chip, growth categories 'artificial' FT UK fund managers have criticised the London Stock Exchange and Deutsche Borse plan to divide listed companies into "blue chip" and "growth" categories a central plank of the proposed merger of the two exchanges.
      FT  -  411 words
    • Article
      Lock icon Janus chief investment officer to leave
      557 21 His move comes as the firm's fnnds have cooled down considerably LAT [LOS ANGELES] Janus Capital Corp, the fast-est-growing mutual fund company in recent years, said on Wednesday that its chief investment officer will depart a move that comes as the firm's high-octane funds
      LAT  -  557 words
    • Article
      Lock icon US panel hits out at day-trading firms
      302 21 WASHINGTON Most of their clients unaware of the risks: Senate report AP FEW people ever make money in day trading and most of those who lost, sometimes tens of thousands of dollars, did not know beforehand how risky the practice is, Senate investigators
      AP  -  302 words
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      169 18 0 mmmmwrn A Production Two women, one man... A forbidden love. li t 1 Cavalleria Rusticana by Pietro Mascagni, tells the story of Santuzza. a pregnant young peasant girl who decides to take revenge after her lover Turiddu jilts her for Lola, the of Alfio. the most powerful man in
      169 words
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      12 18 ■today©** puanheZaobao Club Nuansa to survive after ATD sells stakes In It?
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      174 18 for the first 300 BT readers who confirm their orders for $100 worth of tickets. Make out your cheque today to World Stage Re Ltd and send it with the order form to World Stage Pte Ltd 90 Caimhill Rd, Singapore *****2. Cheques must reach World Stage by Aug 19.
      174 words
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      966 19 SOCIETE GENERALE A French Corporation founded in 1864 Head Office: 29, Boulevard Haussmann ***** Paris France. Notes in the Accounts which form an integral part of the financial statements together with a list of Soc£t6 Generate s subsidiaries can be obtained from Societe Generate Singapore Branch, 80 Robinson Road #25-00
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      3961 20 I NOTICESTo advertise call toll-free 1800-741 1883 Fax No: 741 1298 CREDIT LYONNAIS FINANCIAL PRODUCTS (GUERNSEY) LIMITED (Incorporated in Guernsey) To: All holders of Call Warrants issued by Credit Lyonnais Financial Products (Guernsey) Ltd relating to the ordinary shares of Ssl.oo each in the capital of Oversea-Chinese Banking Corporation Limited
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      504 20 IUIV.V.TJI Tat Lee Bank Keppel Tat Lee Bank Limited Incorporated in The Republic of Singapore NEGOTIABLE FLOATING RATE UNITED STATES DOLLAR CERTIFICATES OF DEPOSIT DUE 2002 ("US$ FRCDS") In accordance with the provisions of the US$ FRCDs, notice is hereby given that for the Interest Period from and including 1
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      471 21 PAN PACIFIC PUBLIC COMPANY LTD (Incorporated in the Republic of Singapore) NOTICE QF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 29th Annual General Meeting of PAN PACIFIC PUBLIC COMPANY LTD will be held at No. 16 Fan Yoong Road. Singapore *****3 on Monday, 28 August 2000 at 10.00
      471 words
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  • FINANCE & commodities
    • Article
      Lock icon STI futures rise on late large buy orders
      301 22  -  SGX Derivatives TrtMa&Reports ST Index/MSCI STpore Index Chan Yet San THE Singapore stock market rose yesterday with the Straits Times Index climbing 1.92 per cent to 2,084.33 points. Within the index, 32 counters rose, 16 fell and seven stayed flat. The MSCI
      301 words
    • Article
      Lock icon Futures down as stocks retrace gains
      234 22  -  MSCI Taiwan Index Chan Yet San THE Taiwan stock market couldn't sustain its strong move yesterday as it ended a little lower. The MSCI Taiwan Index ended with a loss of 0.2 points or 0.06 per cent at 356.51 points. Trading volume within the
      234 words
    • Article
      Lock icon Oil marks time, undertone stays firm
      184 22 ENERGY REPORT Reuters [IX)NDON] Oil prices took a breather Yesterday from steep recent gains which were triggered by news that US crude and product stocks had faUen to 24-year lows. London's Brent crude futures for September were six US cents firmer at U5529.94 per
      Reuters  -  184 words
    • Article
      Lock icon CURRENCY REPORT
      337 22 Reuters London THE yen fell almost one per cent from earlier three-week highs against the US dollar yesterday as dealers started to scale back their expectations of an interest rate hike by the Bank of Japan (BOJ) at this week's board meeting. Traders said the latest losses in
      Reuters  -  337 words
    • Article, Illustration
      Lock icon Untitled
      1245 22 DfTERBAMECROSSRATES AugW A$ C$ *mb Euro Ffr Dm HK$ Ind Bs Bupiah Yen Won Mi HZ$ Pafc ts Peso S$ Band Sfr MT$ 8afct Pownd US$ Australia 0.860 4.815 0.642 4.213 1.256 4.524 26.535 48.836 0.624 6.464 2.204 1.285 30.963 26.023 0.994 4.046 0.993 18.*****.667 0.387 0.580 Cauda 1.163 5.598
      1,245 words
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      Lock icon Untitled
      1859 22 SICOM FUTURES Augio RUBBER (futures closing as «t 5.30pm) RSS1 CONTRACTS centsAg) Close *0lM _°H« Month Hlqh Low Sett (to—s) Interest nslis 300 ioo Oct 00 H6.50 Nov 00 H7.75 Occ 00 U9.00 RSS 3 CONTRACT (US cwts/M) VotaM OpM Month Htyft Low Sett (to—s) Interest Sep 00 64.00 63.50
      1,859 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon HK lifted by China Mobile's rebound, light bargain hunting
      2877 23 HONGKONG Reuters HI Hang Seng +15L22 HONGKONG stocks made modest gains yesterday in very light trade, lifted by a technical rebound in China Mobile and marginal gains in interest rate-sensitive banking and property stocks. The Hang Seng Index rose 0.88 per
      Reuters  -  2,877 words
    • Article
      Lock icon Traders sidelined ahead of BOJ meeting
      2030 23 TOKYO AFP Q Nikkei 225 -58J» SHARE prices in Tokyo fell 0.4 per cent yesterday as investors locked away profits in thin trade, brokers said. The Tokyo Stock Exchange's key Nikkei 225 Index shed 58.95 points to finish at 15,975.65. The Topix Index of
      AFP  -  2,030 words
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      Lock icon CHINA
      1010 23 Reuters Qj Shenzhen B Index -L3B CHINA'S hard currency B shares closed lower yesterday as profit-tak-ing by domestic investors offset light buying by foreigners, analysts and brokers said. Shanghai's B Share Index ended down 0.88 per cent at 68.21 points. Turnover fell to U5529.58 million from U5553.09 million on
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,010 words
    • Article
      Lock icon TAIPEI
      374 23 AFP QWP Index -23.45 TAIWAN share prices closed 0.3 per cent lower yesterday on profit-taking after sharp gains in the previous two days, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 23.45 points to 8,024.69, following a 3.2 per cent surge on Wednesday. Artis Chen, an analyst
      AFP  -  374 words
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      279 24 ftfc- W m m -•~x. p V W fl k J Wbr- V **v Announcing the launch of J" project eyeball Newspaper fw i ""-s V AafUst 12th, 2QOQ.. Tim W —A >SHfc" v 4Hk_ 7 "Vfc- "SMBF*' Fantastic fflovie Extravaganza and loads<ottarfc Come down to Shaw House Amphitheatre, onAugust
      279 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon KL falters, again on a lack of leads
      436 25 AFP Q Composite Index -10.49 MALAYSIAN shares fell 1.3 per cent yesterday in thin trade amid a lack of buying interest, coupled with late selling in selected blue chips. The Composite Index fell 10.49 points to finish at 808.62 The Second Board
      AFP  -  436 words
    • Article
      Lock icon Untitled
      9251 25 INDUSTRIALS Consumr products 2000 LhI Vol Day Net Cap Hm> «1» '000 H» Lw Pit %mM 420 310 Ajinomoto 350 19.1 141.9 158 62 Anqkasa 70.5 -I 15 72 70.5 104.0 670 290 Apollo Food Mlg 462 8 2 462 462 10.0 184.8 3625 2700 BAT SOC 3525 -50 363
      9,251 words
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  • SGX clob & regional stocks
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      Lock icon Untitled
      3194 26 BOHDS WABRAMTS Aug 10 n Mi fnm! U$*t U-WMk Lm( V* Day UiUmIi kw% Haart Urn bar Mu MM MM lw fi«)i«T w* C«MI mm u» *M« MM Mm MU Mtta Mca (*t MM laR 51.5 14 s Acma W*****4 14.5 unch 22 14.5 14 14.5 15 15 41.0 1
      3,194 words
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      Lock icon SEOUL
      288 26 AFP n Composite Index +19.05 SOUTH Korea's Composite Index yesterday closed at its high of 729.28, up 19.05 points. Turnover was worth 1.9 trillion won. AFP *1*10 Anam Semi ***** 100 Bratn Tech 615 JO Central Bank 660 IS Chell Comm *****0 unch Dee Gu Bank 2100 -25 Oeesenq
      AFP  -  288 words
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      Lock icon MANILA
      277 26 AFP n Composite Index +10.71 PHILIPPINE share prices rose 0.7 per cent yesterday on follow-through buying in blue chips and expectations that the central bank may lower its key interest rate. The Composite Index added 10.71 points to 1,469.24. Turnover was worth 788 million pesos. AFP *•110 Pese (000)
      AFP  -  277 words
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      Lock icon WELLINGTON
      277 26 AFP QNZSE-40 +8.76 NEW Zealand stocks closed 0.4 per cent higher yesterday, led by gains in the Fletcher Challenge group. The NZSE-40 Capital Index closed up 8.76 points at 2,158.24 on turnover of NZ$llO.9 million. Fletcher Energy rose 10 NZ cents to NZ$7.9O. AFP ui cooo) Advantage HOS 3.00
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      Lock icon SYDNEY
      552 26 AFP HAD Ordinaries *5.40 AUSTRALIAN share prices rose 0.2 per cent yesterday as investors weighed the chances of another interest rate rise following record low unemployment figures, brokers said. The All Ordinaries Index was 5.40 points stronger at 3,275.0 while the SP/ASX 200 rose 5.50 points to 3,315.30. Turnover
      AFP  -  552 words
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      Lock icon BANGKOK
      788 26 Reuters P SET Index -5.60 THAI stocks fell 1.78 per cent yesterday on profit-taking and fears that the recapitalisation of the banking sector could be higher than thought. The benchmark SET Index declined 5.60 points to 309.42 on thin turnover of 3.35 billion baht. Falls led risers 140 to
      Reuters  -  788 words
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      Lock icon JAKARTA
      716 26 AFP Q Composite Index *&27 INDONESIAN share prices closed 1.1 per cent higher yesterday on optimism that political tensions will ease with a new presidential power-shar-ing arrangement, dealers said. The Jakarta Stock Exchange Composite Index finished 5.27 points higher at 488.62. Volume was 1.05 billion shares worth 417.84 billion
      AFP  -  716 words
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  • Article
    Lock icon STOCKS sgx
    9564 27 SGX MAINBOARD Transaction date: Aug 10 Gf Cf M Wt 52-Wk Last Vol Day Last Quote Otv Dl« VM Nil Cap Avg High Low Company Sala <*OOOI MM Low Buyer Sailor C'vr P/t $m« W«o mun mm *63 101 m c Ac ma 50c IU -2 35 113
    9,564 words
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      125 27 B"My watches are a hundred years behind the times. A certain feeling of unrest keeps me going. I Jon t simply want to make watches, I want to continually improve them. Tk is means nothing less than bringing them up to the same standards ot technical perfection and precision; the
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  • US elections
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      Lock icon It's not the economy this time, stupid
      1080 28  -  Americans ought to concentrate on the issues where presidential views and character actually count says robert j samuelsom ROBERT J SAMUELSOM Washington Post Writters Group WE are now testing a cardinal rule of American politics: that a presidential election is essentially a referendum
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      61 28 BVLGAR I p j t JI l s. n .1 ;> ;v- li :It i' n Mi> I S I.!ka•«hi m .1 I) v p.li in n 1 si»• t c \> M !il .1 il 0n I v' |»!W\ S «> il W.!! v S >\ Iv*\VVl! V I
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  • EXECUTIVE Lifestyle
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      Lock icon Courting the middle market
      1672 29  -  HOME DECOR TRENDS There's a whole new generation of house-proud Singaporeans who are looking for a lot more dash for their cash. Enter the mid-range furniture and furnishings retailers. coßnmE IQESLK has the I story I COVER STORY CORINNE KERK YOU'VE got taste. You've got style.
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    • PERSPECTIVE
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        Lock icon When one person's right is another's inconvenience
        767 30  -  Let's not go overboard with all this self-righteous talk about exercising our so-called personal freedom. After all, do we really want to turn into a nation of mini-imperialists? K*'aathe cuff jaime ee I WAS at a screening of X-Men over the weekend when
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      • STRAWS In The Wind
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          Lock icon Oops, wrong occasion
          64 30 A TOURIST in Singapore last week was fascinated with all the colourful street shows and blazing bonfires of the Hungry Ghost festivities. Before leaving, he told the hotel concierge: "Singaporeans must be very patriotic. At home, we don't celebrate our National Day on such a huge scale."
          64 words
        • Article
          Lock icon Tip-top planning
          92 30 SPEAKING of National Day, parade organisers were trying their best to make sure everything went well. So much so that they issued a list of instructions to the press. Among them were dress codes. Shorts, bermudas and slippers were not allowed. And for the grandstand events, "smart casual"
          92 words
        • Article
          Lock icon Church talk
          46 30 HOLY humour as seen in some American churches: Fight truth decay study the Bible daily. People are like tea bags you have to put them in hot water to find out how strong they are. Come in and pray today beat the Christmas rush!
          46 words
    • Article, Illustration
      Lock icon MOTORING
      911 31  -  BMW's driver enhancement courses are all about balance f m/ between comfort and alertness, speed and poise, power and traction. But Christopher tax discovers that it all tips slightly towards one thing: fun CHRISTOPHER TAN PASIR GUDANG, Johor. Lunch sits heavily in our tummies as the first rivulets of
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    • GOLF
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        Lock icon Quite the natural choice
        382 31  -  A look at the driver that two top pros were happy to carry without contract By' Ven Sreenivasan WHEN Vijay Singh won the US Masters, huge cheers rang out at the Osaka head office of Japanese club-makers Mizuno Corporation. The reason was simple: Singh had won
        SIEW YAW HOONG  -  382 words
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        Lock icon Club prices continue downward slide
        278 31  -  By' Ven Sreenivasan THE secondary market prices of golf club memberships continued to languish at their lowest levels in a year in July, mimicking the fortunes of the equity and property markets. The BT Golf index, which tracks the open market price movements of eight
        278 words
    • ENTERTAINMENT
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        Lock icon Grab-bag of genres
        652 32  -  CINEMA What Lies Beneath is a thriller, a ghost story and a domestic drama. It tries to be all things to everyone, and ends np being very little to anyone ity Susan Tsang IN ONE SCENE in What Lies Beneath, Michelle Pfeiffer and her pal Diana Scarwid
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        Lock icon Sweet tale of a wandering heart
        393 32  -  CINEMA Susan Tsang GIVEN the fact that Return To Me is a romantic comedy featuring a heart that gets moved from one person to an other, it seems almost appropriate that the projectionist should have juggled the reels during my screening. The good news
        393 words
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      Lock icon CINEMA
      816 33 Crouching Tiger, Hidden Dragon. Director Ang Lee's lyrical tale of middle-aged martial arts exponents Chow Yun-Fat and Michelle Yeoh, who try to get a young couple into shape. Causeway, Sun, Yishun, Eastshore. Frequency. Cop Jim Claviezel finds his radio can connect him with an earlier time when his father
      816 words
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      Lock icon ENQUIRIES AND BOOKINGS
      109 33 Cathay Org Cathay 338-3400 Eastshor*346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangta 223-7529 Eng Wail Empress 777-586/ Jubilee 454-1640 Mandarin 292-9401 Marina 338-9719 WTirtesands 585-1782 tfiia uOIOOfI WIIIJI9O 1900-912-1234 332-6098 for group bookings wheelchair (acMittes Sishan Boon Lay Marina Jampinesß Tiongßahnj Ytshun Clementi/CoVealth 777-0669 Goktavttew town 298-5466 KCnm 459-9575
      109 words
    • TRAVEL
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        Lock icon RAZZLE DAZZLE CITY
        507 34  -  It's big, it's brash and it'll leave you bug-eyed with wonder. Incredibly, too, it is now rated one of the safest large cities in the world. Geoffrey eu tells you where you can lay your head if you ever decide to stop partying in the Big Apple
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        Lock icon HOTELS TO LIE FOR
        713 34 NEW YORK may be the city that never sleeps, but if you want to know where to stay when you do go, read on. With millions of visitors each year and occupancy rates on the rise, it's difficult to find a decent room for less than
        713 words
    • EPICURE
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        Lock icon Strange hybrid
        750 34  -  You'll eat well at Onyx, but dealing with the indifferent staff is certainly no piece of cake, says TAX SU TEN TAN SU YEN KATONG residents have long been spoilt for choice when it conies to food. These days, however, the folks who can analyse their laksa down
        PHOTOS BY ARTHUR LEE  -  750 words
    • PERSONAL FINANCE
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        Lock icon Safety first
        964 35  -  Why surrender your money to chance? Insurers have long been on the bandwagon that's selling deposit-like products with guaranteed returns. GENEVIEVE CUA checks out some new insurance-linked investments GENEVIEVE CUA IF YOU don't have much of an appetite for risk, you'll find a wealth of options among life
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        Lock icon S'PORE insurance funds
        1485 35 Next pub date: September 15,2000 Sector definitions Asset Alloc FE and Pac ex Japan Portfolio principally Invested in Far Eastern and Pacific excluding Japan equity, fixed interest and money market secunties but typically with no more than 60% in any one asset class Asset Alloc Global Portfolio
        1,485 words
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        Lock icon Issues in estate planning
        869 35 L'M'h'Jwise The death of a spouse, itself a traumatic event, holds many Implications for financial security during the post-retirement period. ISAAC LOW spells them out RECENT efforts by various interest groups to generate awareness of retirement planning have focused on building up adequate funds for retirement
        869 words
    • PERSONAL INVESTMENT
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        Lock icon Drop in buying drags down sentiment index
        953 36  -  INSIDER 75 El First time bnybacks in Progen, Transit; purchases in Adroit, Links Island By Robert Halili The writer is bureau chief at Asiascores.com (www.asiascores.com) THE market remained rangebound in the run-up to the National Day festivities. The DBSSO Index closed slightly lower
        Source: ITA  -  953 words
      • Article
        Lock icon Bright future for Nera, Qantas, MAS
        849 36 ki Li idea Nera Nera Telecommunications shares have streaked ahead in recent months, driven by the company's bright outlook. IDEAglobal thinks the stock could suffer a slight pullback in coming sessions before rising further. The system integrator reported a profit rise of 36 per
        849 words
      • Article
        Lock icon ACU DEPOSIT RATES Offered by various banks (as at Aug 10, 2000)
        1430 36 Deposit amount 1-mth 3-mth 6-mtti Deport wnount 1-mth 3-mth 6-mth DBS Bank HSBC A$ AS S10.000-A24 999 5 7500 5 7500 5 8500 25,000 74,999 5 0000 5.1250 5 4375 A25 000 A49 999 5 7700 5 7700
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        Lock icon The mystery of the low dividend yield
        695 36 Share buybacks are not the whole story, and for big blue chips, low dividend yield may not be bearish, research shows NYT ONE of the great unsolved mysteries of the investment world has been why the dividend yield model stopped working about a
        NYT; AFP  -  695 words
      • Article
        Lock icon The truth about 'buy' & 'sell'
        1084 37  - The truth about 'buy' 'sell' What analysts really mean when they say buy, accumulate, sell, hold, underperform... and all that mm money yap khek heng AFTER our "Stag" article recently ("Notes for a deer hunter", BT Executive Money, July 28), we have had feedback from subscribers, one of which was
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        Lock icon UNIT TRUST performance ranking
        3594 37 Hmxt publication data: September m 2QOO Fund 1 mth 3 mths 6 mths 1 year 3 years 5 years Mtcropal launch 30-06-2000 05-05-2000 04-02-2000 06-08-1999 31-07-1997 31-07-1996 star date 04-08-2000 04-06-2000 04-06-2000 04-06-2000 04-06-2000 04-06-2000 ranking ft not Alloc Singapore Keppel Singapore Bal Y 18/09/1995 2.31
        3,594 words
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      57 29 Onyx: good food, indifferent service Travel New York: hotels to for B* Back to school: Advance Driver Training -.u&Zii. *L±i±JL&L'k 1 .u. nil <Ti 11 if atftt^AMtlr■ ifj-ii* ,-n. w,x, i y, qrTT^ mi" iMp_ p ■-^S -.-'V ill 4 t > t v I by Paragon rom left) Jk
      57 words
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      100 30 o&lace For Chinese food that stands out. >j(f I Y 1 I ft i; I For authentic Cantonese cuisine that rises way above the ordinary, visit Summer Palace at The Regent. Whether its a business lunch or family dinner, our team of chefs from Hong Kong will dazzle you as
      100 words
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      17 30 BUSINESS SERVICES/PRODUCTS su The Straits Times Classified. cAs. Classifications 201 266. Buy h. seii h. Find it.
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  • Page 30 Miscellaneous
    • Miscellaneous
      Lock icon Page 30 Miscellaneous Column 1
      213 30 CRYPTIC CROSSWORD ACROSS 10 state assistance? tack a savings scheme worker (6,5) 2 At one time it was reduced twice (4) 3 manv M) >ringS t0 16 Located or spotted by ear (5) Across: 1 Little bit of luck, 9 Po--4 Put into liquidation? (7) 20 o J o T
      213 words
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      200 31 il nAfi i ■IH i End the week on a better note. I Friday Jazz and Saturday Latin at Robertson Walk. 8 From soothing sounds of acid jazz to sexy Latin music, w X ..ii." Robertson Walk's where it's at. So you want to hang >. A W loose during
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      264 32 Where to wine, dine and entertain..rt i&szzfA asaaa^S (>«®3N 9MMKME 76 Bras Bauh Road, Singapore *****8 Tel: 3>B-8333 Fa*: 339-6866 Web-*ite http://www.carlton.com.su E-mail: RcstaurantsOCarlton.com.sg fg Function Room available for your |1 §m Imi I Seminar j I I Company Dinner Dance ri H Birthday H H Anniversary Dinner Dance B
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      123 32 I available for: private parties company dinner and dance conference seminar and meeting. HOTEL GRAND CENTRAL LIMITED 22 Orchard Road/Cavenagh Road, Singapore *****7 Te<: 737 9944 Fax: 733 3175 liii mm loii I •I*4©' i&i-* V T Happiness Deluxe Menu 8-Course Set Menu at only $29.90 per person <minimum 4
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      140 32 Suckling Steamed Live Sea-Bass Fish jfefr with Lime Sauce (Thai Style) 1 Deep Fried Fresh Prawns with Pepper and Garlic Braised Mushroom with Bean-Curd PufT and Lo-Han Vegetable Braised Shark's Fin Soup with Dried v Seafood Sauteed Pork with X.O. Sauce Braised Noodle in Abalone Sauce m i Dessert Of
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      158 32 Delicious Oriental bites. Satisfying Western favourites. Sandwiches, freshly baked puff pastries, waffles, crepes and hot dishes including deep fried chicken wings and Hong Kong noodles. Plus freshly made sushi and zaru sooa from the Japanese corner. Saturday and Sunday fom 3pm- 6pm $19 for adults and $12 for children. For
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      211 32 X I mmm-& i |Aj m fit It a dream of k I !RiDl\/|ANSIONS| a Yangzhou feast at Pine Court Chinese Restaurant I 4-12 August 2000 Reservations: 831-6262/66 .HanAtrut .BH HEBIIt'S U Oniurd Kiud, Singjpiirp 2 iHB67 "•V.JTV W 717 4411 fa*: 712 2161 FocA Fo\re 7Hv 2OHr 2000. The
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  • Page 33 Miscellaneous
    • Miscellaneous
      Lock icon Page 33 Miscellaneous Column 1
      2224 33 TODAY'S TV RECOMMEMDED TIEWWO I tm MUTonight' Reporl 9.00 AM Kids Central. Sesa The correspondent s Behind the The Ring 11, 10pm, W 10.00 Jam bo re e: sK^ltaUit U l L Entertainment, SCV Size/Meeow!. |jj} Sn^ToSt nainted faoes chss YJ-2X T weOTles K cnvKKl pailllUU ldtC!s ®7 "-00 Jumanji:
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      Lock icon Page 33 Miscellaneous Column 2
      248 33 RADIO There's Only One Man dropping, the tobacco United, BBC, Fri, 11.05 am industry is specifically Russell Fuller goes to old targeting the developing Trafford to find out why world. Thus, smoking has Manchester United is become a global health issue arguably the World's most with important economic and famous
      248 words
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  • EXECUTIVE money
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      Lock icon getting your money's worth
      1106 38  -  Capital protected funds. Are they the safest bet in unit trusts or really just too boring to bother with? SERENA NG looks at how they work, what they offer and the latest in the market SERENA NG OU want investment returns, but are reluctant to lose
      1,106 words
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      Lock icon HSBC US$ capital protected funds
      685 38 At first glance, there seems to be something for everyone in HSBC's new feeder funds. For those still keen on technology, there's a fund pegged to the Nasdaq 100 Index. There's also a pan-European product for those who think Europe offers the best upside potential.
      685 words
    • Article
      Lock icon Optimix Continuous Click Fund
      372 38 Optimix's fund, which can be either US-dollar denominated or Singapore-dollar denominated, is pegged to the SAP 500 index, which has the top 500 companies in the US and includes companies like General Electric and Exxon. According to Garry Pieters, Optimix's general manager, the fund will tend
      372 words
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  • SHIPPING TIMES
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      Lock icon MARITIME STOCKS
      276 39 MX 000 10 a w CWT Distribution 0.76 -0.01 13 Chu«l Hup 0J9 -0.01 143 Co SCO Invastmant—0 JO unch 35 FrvtaM Links 0i19 0.01 482 08 Ho.air*a 0.65 0.02 14 Hat Sun Hup 0.38 0.01 118 IMC Ho4dlngs-HK —5.60 unch 0 JayaHokllnQS 0.17 unch 350 KappalCorp 3.86
      276 words
    • Article
      Lock icon Chemoil, Itochu tie up to take on local oil market
      553 39  -  Joint ventnre to run fuel oil trading and hankering activities in S'pore By. Ann Toh [SINGAPORE] US-based independent bunker seller Chemoil Corp, one of the world's largest independent physical bunker suppliers, has joined hands with Itochu Corp in a joint
      553 words
    • Article
      Lock icon Semb Marine wins $66m deal
      122 39 Reuters [SINGAPORE] SembCorp Marine said yesterday that its unit, Jurong Shipyard Pte Ltd. has signed a $66 million contract to build a cable-lay-ing and repair vessel for Asean Cableship Pte Ltd. It said in a statement that the contract had a further option for an
      Reuters  -  122 words
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      Lock icon Cosco Int'l in talks to buy Cosco Network
      221 39 Terms of deal for transport, logistics and communications arm yet to be finalised Reuters [HONGKONG] Cosco International Holdings Ltd said on Wednesday it was engaged in talks to acquire Cosco Network Ltd, a global transportation, logistics and communications network, from its parent
      Reuters; FILE PHOTO  -  221 words
    • SHIPPING news
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        Lock icon III-discipline does not mean incompetence, rules UK judge
        644 40  -  ADMIRALTY CASEBOOK vy Selva Kumar Stevedores in south America who caused a major fire in a vessel's cargo hold may have been somewhat ill-disciplined but their actions did not make them incompetent, according to a judge in England. The owners in this
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      • PORT Shots
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          Lock icon Two die in bulker sinking
          71 40 SEARCH operations have failed to find two missing crewmen from a St Vincent-flag bulker that sank in rough weather at the eastern end of the Gulf of Aden last week. The remaining 22 crew of the 1974-built 11,597 dwt Va lea Asre were rescued by
          71 words
        • Article
          Lock icon TMM Lines enters Japan
          83 40 MEXICAN Americana Ships subsidiary TMM Lines has set up a permanent commercial team in Japan, together with a new operating agent in the shape of Ben Lines subsidiary Hesco Agencies. The new arrangement will become effective from August 10. "The trade between Japan and Latin America
          83 words
        • Article
          Lock icon Sackings over Rong Jian
          77 40 CHINESE authorities in Sichuan province have fired 18 people over the sinking of the river ferry Rong Jian, according to the official China Daily. They blame the civil servants for failing to enforce the rules that would have prevented the ferry from sailing with over its
          77 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      314 40 PAGE ECU Line 6 ANl 3 ESP Lines 13 Accord 8 Ew|re« 6 Ahrenfciel 14 foongSun 8 Ap(w»wftip 5 Frt Links W AsiaOCL 13 1 Assets 8 6 Link 4 Austral 8 Gemartrans 6 Avant H Genshpg 13 B'tang Mas 8 Global 13 BSA 7 Glory Hav
      314 words
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      Lock icon SHIPPING GUIDE
      20107 47 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyaqe Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 29/06 15/09 NYK CSAV SANTOS OWN 65 *****23 To ABIDJAN (ABJ) 2003 Cote D'lvolre To BUENOS AIRES (BUE) 2060 Argentina M/08
      20,107 words
    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        747 53 Vessel Voy No Berth Arrival Departure S#c Cipncor <***** 10/08/6 20 10/08/19:00 •t Wwat II ***** JOt 10/06/8:15 10/08/2000 Efeg*nt P*K 99 J07 10/08/6:50 11/08/8:00 •tmt* 3 16SOO J03 10/08/9:20 10/08/23:59 TlM«K Ol Jun OO J03 10/08/9-00 11/08/500 3 J18 10/08/9:10 12/08/17:15 Bt J Aug 10 JOt 10/08/9:10
        747 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1958 53 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofcinq/Manc* Rstls Ship Voy Mo Etb/Btr Ptrlod From To From aci JAM nail Urtwo ia <omoo 10/itn nmw nmoo nmw nmoo 2* *0/1700 n/otM MM >o/i7oo n/otn n/owo l n/0700 n/rw nmw n/uoo nmn nmw At. MIITAMM MM a/Mo M«M
        1,958 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        523 53 Carta* 180 Mm 990 8 0.5 HI 0.06 79 0.04 teO Density Hater Residue Ask Atumimuir Swftawfll No above £25 0 0 4 0 0 0 300 Ave 967.3 0.4 M.O 0.06 34 0.02 uL 300 Mil 993 9 17 16.2 0.09 73 0.05 WW) v/v
        523 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        181 53 Au| 12 Thailand: HM The Queen's Birthday. Aof 15 Germany: Assumption Day. Korea: Liberation Day. Aaff 17 Indonesia: Independence Day. Aug 27 Philippines: National Heroes Day. Aa«2B United Kingdom: Summer Bank Holiday. An* 31 Malaysia: National Day. Sep 12 Korea: Harvest Festival Day. Taiwan: Mid-Autumn Festival. Sep 13
        181 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        802 53 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
        802 words
    • AIR & LAND transport
      • Article
        Lock icon UPS bags US$150m deal from US chipmaker
        299 54  -  By Ann Toh [SINGAPORE] United Parcel Service subsidiary UPS Logistics has won a US$l5O million (*****.9 million) fiveyear contract to handle the entire supply chain functions of US chipmaker National Semiconductor. The two parties have invested $5 million in a global distribution centre
        299 words
      • Article, Illustration
        Lock icon Down and out in Denver
        76 54 [DENVER, Colorado] A United Airlines pilot (right) on Monday walking towards a plane at Chicago's O'Hare International Airport. At the Denver International Airport terminal building on Wednesday, Monika Bebeniss of Germany (above) camped overnight after her flight was delayed. As she slept on United announced
        REUTERS; AP  -  76 words
      • Article
        Lock icon Japan carriers to set up e-commerce site
        406 54 Bloomberg [TOKYO] Japan's three biggest airlines said they will create a common electron-ic-commerce site that will coordinate ticket sales and reservations as the companies forge closer ties to head off competition and reduce costs. Japan Airlines Co, Asia's largest carrier, All Nippon Airways
        Bloomberg  -  406 words
      • Article
        Lock icon Telstra tie-up will boost sales by up to A$700m: Qantas
        355 54 Bloomberg [SYDNEY] Qantas Airways Ltd yesterday said that the alliance it has formed with Telstra Corp, Australia's largest phone company, will boost combined annual sales at the companies by as much as As7oo million (*****.3 million) within three years. The
        Bloomberg  -  355 words
      • Article
        Lock icon Ailing Thai airline seeks a lift from foreign partner
        402 54 Angel Airline to announce strategic tie-up in Oct, says chairman AP [BANGKOK] Thailand's ailing. second-largest national airline is considering offers from more than 10 parties and will announce a strategic partnership in October, chairman Somchai Bencharongkul said on Wednesday night. Several
        AP  -  402 words
      • Article
        Lock icon China Southern adds A319 to fleet
        125 54 Bloomberg [GUANGZHOU] China Southern Airlines Co, the country's biggest carrier whose parent plans to acquire Zhongyuan Airlines and its seven jets, is expanding its fleet with Airbus Industrie A 319 jets for the first time. It has received the first of 10 A 319
        Bloomberg  -  125 words
      • Article, Illustration
        Lock icon Cathay Pacific likely to raise cargo capacity
        266 54 HE airline posts 16.2% tonnage rise in cargo operations Reuters {HONGKONG] Cathay Pacific Airways Ltd will probably be ordering more cargo capacity soon, the Hongkongbased carrier's chief executive, David Turnbull, said yesterday. Speaking after Cathay reported that its cargo operations saw an increase
        Reuters  -  266 words
      • Article
        Lock icon Concorde engines undergoing safety refinements: BA
        325 54 Airline clarifies report on 'significant risks' fonnd in plane Reuters [LONDON] British Airways said on Wednesday in response to a magazine report that its Concorde fleet had been undergoing a programme of regular improvements including to its engines since 1998. In its forthcoming issue,
        Reuters  -  325 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1894 54 cm fucmt n* fuew no MriaMt AN8230 MO AM229 2230 SaMfttM $0603 1W> C2352 OM) 1*63* MM LM6380 2230 C23S 2045 MM 1020 $0230 1850 $0229 2230 NmmI VH/S0741 1310 W/S0742 0905 tmUmtm UM MB UOf» «30 *£m76 #35 S023 0645 ****** 2325 y S074 6**75
        1,894 words
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      316 39 latere is no freight market report today due to space constraints. Admiralty Casebook: 111-discipline does not mean Incompetence ■Pg 2 Ailing Thai airline seeks a lift from foreign partner m Back Pg "'"'-mWlr**" \V' v..,.-.. **> While Others Are Still Talking About It Today... J ghiDment e-lnventory Jr e-Cargo Track
      316 words
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      1315 40 1 NORTH AMERICA I I EXPORT I j OTHER DESTINATIONS I SSX SUPER SHUTTLEEXPRESS DIRECT TO LONG BEACH WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) vissa vot TTST irosw um; ma pauas Houston cmcago mbktom moxooty vissa voy nounutl acajutu sanlorwzo coowto pt cauma rubmvbttura sauna aniT ooawwTow onui ia/m
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      Lock icon Page 40 Advertisements Column 2
      83 40 A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN PORTS MffliflJiflO&A All ChfrM P©ft» lEYERY THUR SUM VIMIL) IVtSSEI VQY ETD SIN ETA HO ETA KOI ETA YOK ETA NGO ETA OSA MED TAICHUNG V. *****
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      Lock icon Page 40 Advertisements Column 3
      701 40 Lines services represented by r Members of the Registry of Accredited Shipping Agents, Singapore Shipping Association Members of the "vxzz-. Singapore logistics Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAMPIER/FREMANTU MV "TBN" ETA SIN 28/08/2000 BOOKINGS CALL MONKA/JUUA TEL 323 4374 CONTAINERS/ CONVENTIONAL CARGO POtT KLANG/SINGAPOKf/UUUTTA
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      1074 41 Bgf v I I -LMbJI TO EUROPE FROM EUROPE [rasa VOY S« RTM ANR HAM WV SOU FIT liH VtSStL ¥0T HTM AND HAW HIV SOU PIT LEU SW MX HIS 017W111/06 27/08 29/08 01/09 02/09 HYH3WAL 325E 21/07 22/07 24/07 19/07 13/06| Art PEARL 017W 14/06 01/09 02/09 06/09
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      1753 41 Wrtc* HmOm: HANJIN SHIPPING lik I-1 i Ms fntyi io» Sar *****30 HAJUIN SHIffING fS) PTI tTP ton tOOtIUC *****3S 73/ SAIfS *****74 731 DOCUMiWT *****/1 774 OPttATIOWS *****5Q 7SI m» HUE 777/055 fU S3* lUS 01 WO **********0 M TO NW USA CANADA USA CANADA* FOR V5l/VOY IAM SM
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      469 41 rasa vot sm pug vor sin hkg ra. us* pus vtssa vqy sm jot su» nwrasM oiis n/oo 11/00 20/ M n/m 23/ M Uj| —!3S n7S =:z=z-=i=zzSr Ta 1446 A S IO3S 13/ M 23/ M 27/ M KASOttA 34S 13/ M IS/M 34* 14/ M 20/ M 22/00
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      1766 42 C SENATOR LINES TO UK/CONTINENT TO MEDFTERRANEANCANADA VESSEL VOY I SIN LEH RTM I ANH HAM IbRV~ FIX VESSEL WY SW Gfl Sit KB VLC WW HMUM VANCOUVER OM7W 11H MM M M 31 M *1 M 31 M PALERMO SENATOR 0040W It M 27 M 29M 31 M 02
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      1123 42 m. A.m MAC-NELS S'PORE M'SIA Carrier: MN CONTR UNES, INC P. GUOANG: (07) *****26 l-fVyX- J cm MO: **********0 C SIBU: (064) *****9 MANILA: (632)*****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT: (21) *****45 KUCHMG (062) *****1-3 VALPARAISO MV "ROYAL CONTAINER" V.RCOO3N ETA
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      787 42 EXPRESS CONTAINER FEEDER FOR N SHEW (CFS MULIMD. MUMBALCOLOMBO ALSO ACCEPTING TO ALL NORTHERN ANO WESTERN I C O POINTS Vessel S PORE N SHEVA COLOMBO P KLANG CAPE CANAVERAL V 127W 13 AUG 22 AUG 2* AUG 01 SEP TULSIOAS Vl2l 20 AUG 29 AUG 02 SEP MSEP CAPE
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      1697 43 IOVESSB. VOY HKO KHH I SIN I PKL I DXB »AI DMM BIK IRAN KAAKERI PCI 167 10/08 12/08 17/08 18/08 26/08 27/08 29/08 31/08 IRAN HfSAM Pa-168 17/08 19/08 24/08 25/08 02/09 03/09 05/09 07/09 IRAN HORMOZGAN Pa-169 23/08 25/08 30/08 31/08 07/09 08/09 12/09 14/09 IRAN TEHRAN PCL-170
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      1266 43 SKKWI EVERY 1 <r sssr I DALIAN EVERY SfWDAY J GENERAL AGENTS IN SINGAPORE 80 ROBINSON RD TEL: 226 1900 FAX: *****08 OUTWARD (B/L) COSTAR SNIFFING PTE LID #12-00 SALES/MGS *****57/43 inward DIPT (D/ 0) *****86 COSTAR AGENCIES (M) SDN BHD MO: **********0* SINGAPORE *****8 CONVENTIONAL. *****01/BSO T/SHPMT DIPT *****25
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      1017 43 EUHOfI EXPMESS SBTVKI export I import Y"™ j«"j T.l 'T.l M TLI I**" 1"T iT 1"7 TI *T §0140 M 15/00 01/09 03/09 04/09 05/09 04/09 07/09 HJ «UH OXX 79/97 2270/ 14/07 27/07 13/00 Ml Ollff] fig m'/W WW T?y WTijl WL Of AO IB H/07 SIVO7 03>M pftfor
      1,017 words
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      686 44 <UEO«/U8(/SCAMD»«AVIA/WNEAMD/RUStM MBVICBS EXPORT VESSEL/VOYAGE I SGP RON HRG TUP T ZEE ANW U4V LDEUGHTRWOI4 ***** 31/08 02/09 04,09 05/09 07/09 06/09 LTGREETRWOBI 18/08 09/09 11/09 13/09; IS/09. E DYNAMIC RW 01 76/08 14/09 16/P9|il/09 19/09] 21/09 i 20/09 ALSO ACCEPTING CARGO TO AND FRoik- FINLAND, DENMARK. SWEDEN, RUSSIA NORWAY MEDITERRANEAN/BLACK
      686 words
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      392 44 IIXWtT I VESSEL VOYAGE SOP CMI DU> JBA ABU DMN BAH KM NXV I UNI AXOCNT *****77W 14/08 11/01 73/01 24/01 25/08 VNHE OIIIW 18/08- 79 0( 30/08 01 09 uNIAMfti 0626 030* 21/08 75/01 30/01 31/01 01/09 I UNPATRIOT 0138 008* 77/01 26/08 01/09 01/09 04/09 01/09 I SOW
      392 words
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      479 44 mPIL is proud to announce our: PACIFIC INTERNATIONAL LINES SINGAPORE South West Africa Service SAILING from Singapore Cape Town Kota Mutiara/V.MUUOOI PORT ROTATION Durban 31/8/2000 BOOKING HOTLINE Cape Town 05/9/2000 w (65) 220 4876 Lagos 13/9/2000 Tema 16/9/2000 H.M. Chua/June/Margoret Abidjan 19/9/2000 Jennifer Cheng/Linda/Lee Lee I ECU ECU LINE SINGAPORE
      479 words
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      416 44 SO TELOK BLAMGAH ROAD 102-02 CTTIPORT CENTRE S PORE *****8 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CB NO. **********0W vtssa vw ra no oestimtdi UMMU (6?000 (&U2OOO 13HW PONTWMK MGURI m? 000 11W2888 12/W2M PONTVMM MWUKWA *****0 11W2H0 12M2M PMBAMCFKL BALAM For enquiries and bookings please conUct
      416 words
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      501 45 BSfl a. mm. MYANMA ■BBk FIVE STAR LINE (MyaniMr National liao) Loading for Y a agon VISSU VOT SIN PKL PEN PGU MAWUMYME WW SU> SAGAJNG MW SU MALAYSIA AGENTS: KHJSTIAD SHIPfMG AGENCIES III: TIL 03-*****00 PKL. TIL 03 *****101 PEN: m 04-2(***** PGU: HI 07-*****21/4 BANK LINE (A sorvko
      501 words
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      1465 45 HMNEHYUNDAI MERCHANT MARINE CO., LTD. Ivcsa vot s« sou Ila I xtm I ant I ham I brv Ivessb I vor 1 sou I lbi I rtm ant ham brv Ism NU BOS 017W 11/01 01/09 02/09 27/08 29/08 HTFHMtAL 325E 26/07 19/07 25/07 22/07 12/08 ATI PUIt 017W 14/08
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      791 45 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT StRVJCt" VESSft VOY RAMP HEIGHT SIN l»( MAO MIA SAV BAI ORE NYC NEW HOC TAMPERE AHOI6 4001«h 63* 12/08 OMIT 17/09 MTOT 22/09 24/09 «7oT 27/09 01/lO 00/fiH TEXAS AHOI7 400TMS 6.3 M 27/00 25/09 03/10 06/10 2S/10
      791 words
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      806 46 miOKQWIAP TA PHUT/L*m CHABAMO Ji JUHTA/I 'AHJAMfI VIWI I VOT SIN Ml I MTP LCH VtSSfl VOT SW m PW imuMn m usa—Mi ml. -$B j#B x >HUM m —gjj—[jjj—- —jJJ- MfljiflMMm w AO SWAN 417E 14/08 18/08 H/M mTI BHUM 166S IV 08 70.08 MUM l/W IS/M ILM WO*
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      381 46 INDONESIA NATIONAL LINE TO AUSTRALIA WHL COKTMWEW SERVICE va W WK HB II iff IB B w USUWI MS OMT IS/01 11/tt 27/WM/M 01/W mWRRUM ST OMT Ti/U 01/W «V 0» tfiiwr as s/•»/» m/w \%m 11/w is/ii AAMUU) m N/Wti/H IS/M 17/W U/0» FEEDER SERVICE TO INDONESIA Wl VOT
      381 words
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      544 46 yresw R VOY "»T" PKL JED MLA LEH RTM HAM ZEE SOT SAUDI JUBAL H3BW 15/06 16*06 24/06 3Q*O6 05/09 06/09 06/09 10/06 11/09 SAUDI YANBU Y3BW 22/ OB 23/06 31/06 06/09 1(V08 12/09 13/09 16/09 17/09 >' *b£ MrtdOSA V3dw 26*oe 29/oe 07/09 11/09 16/00 ia/06 19/09 21/09 22/09
      544 words
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      53 49 «lii See Page 5 Daily See Page 14 COSTAR SHIPPING PTE LTD EAGLE CORPN. (PTE) LTD COCOS CHRISTMAS ISLAND I ADAM PORTS^ WESTERN AUSTRALIA iflrllll r VIII VII Turn to Page 8 Daily TURN TO Page 7 y obi ,4.5.5/-/s I ASSETS SHIPOWNERS MANAGERS PTE LTD NTL NAIGAI TRANS LINE
      53 words
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      59 50 p»X jfifoman, lines lnl i l ini mfw vst vot >■ pm iti phu rm sin pamj pad an qui hou moi jgg SAM HOUSTON 01 D N/H IS/M 20/ M 14/08 21/08 25/08 1 27/08 D 23/09 27/09 04/10 03/10 OS/10 STONTNAU JAaSON 101 ||j| OS/09 28/08 19/09 09/09
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      44 50 jSfftil SINOKOR MERCHANT n. Ma Ima, ***** Port S ■>■■■■ r Dnl Onm. DUbyu* "IlHij NE CO LTD te tOl-l*Sl>Tv7m/*7M h«:tOHft*l« tfih<MM»-r FARWIDI SNIPPING AGENCIES PTE LTD EXPORT W: 221-M22 (S Liaes) he 224-1514 (T: CHOYANG PRI: PORT RUNG USN: UtSAH PUS: PUSAH RWT: RWANGYAMC
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      52 50 SHIPPING* WAREHOUSING lot oik Sinpap*v Daily Mim to Sar (BATAMINDO l/III) ■Vxvfting KlX"cwiwnt*mal/Pm|tx-t/lfca\> Ijft t'«p> Reefer C intuner Binta* Sinj!af*wvl jttJinj: Mim. Wed &Hn BATAMINIX) II) Accepting RH A\wi%vi**wial/Prii)eci Heavy I jft Cap Tel: 227 0322 Fu: 222 9330 BotoMiMlo Shipping t Wordwnta) hi Ltd 7* K-H ■—4 iH—» <—H»»
      52 words
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      1047 51 3FSAMUDERA SHIPPING LINE LTD 72 Anson Road, *06-01 to 03, Singapore *****1 MAIN UNI/OUTWARD: 532 36M INWARD (DID): 437 23*8 IMPORT STATUS (WD): 437 2378 INVENTORY (DID): 437 2420 Website http://www.samudera.«cm CR NO. **********0N BOOKINGS LINE; 535 6266 (Celia/Jessica/Mei Chon/Jeslynn/Pora/Yvonne/Hanim) 8 SLGS/WEEKLY MflilW.'lMlEM 3 SIGS/WEEKLY VESSEL VOT SIN JAM I
      1,047 words
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      885 51 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO PKG SIN JUT SUB 81* PDG CUM ROM HAt MTI ORE SAV HCW TAM WOO HOtOH DTKi /06S0 77/01 71/01 31/00 0? II 09 0/ M Jl W 71 09 19/10 ?7 10 73J0 76 10 30/10 04/1) 08/11 nnmi—nvft.wg uzm__2L2?.J4z«lw qq/iq
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      188 51 VESSH VOT FTA fGU QAY VOT ETA SM OAT musuil 717SS 07/01 HON 7175* M/M iuf" KUALA S4AKI 7177S 09/DB WH> 7177* 10/ M THU UJAU SUA I 7171S 10/01 THU 717W HAM ~S KUALA SUA I 7179S 17/01 if 7171* 12/W SAT KUAIASUJtI 71 IK 13/01 SUM 71HN 14/W
      188 words
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      747 51 ENG LEE SHIPPING CO PTE LTD I I W: *****33 (10 lto*») Fai: 5330«3«532*?60 I T t» He: 15«3*+OOOOOC I VESSEI VOT SIN ru SIN no destmution UnjuDoyc 10/00 09/08 11/08 Duma 'Terwonc SmCemral 8/00 10/08 12/08 Dimo/P Barn feiwong Unon Star 38 9/00 10/08 l?/08 Saaboyc Umon Star 32
      747 words
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      635 52 VESSEL VOY SIN MAA SIN TIGER BRIDGE 824N 11 12-08 17 20/08 TIGER METRO 825N 1& 17/08 21 24/08 TIGER STAR 826N 18 19/08 24 27/08 01 0209 TIGER RHYTHM 827N 22 23/08 28 31/08 05 06,09 TIGER BRIDGE 828N 2&2&08 31 0309 0&09/09 TIGER METRO 829N 29 30,08 04
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      1102 52 FREIGHT LINKS EXPRESS Td; *****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 SH ANGH AI/XINGANG -MAHE •INCHON •HAIPHONG/PHNOM PENH *YANGON SEMARANG/BELAWAN SUVA/NOUMEA -MALTA FOR BOOKING; *****51/3/6/60/*****/67/68/69/79 PROJECT SHIPMENT HEAVY LIFT CARGO Lawrence Lim *****78 lawrence@flesin.com.sg WAREHOUSING LOGISTIC SERVICES
      1,102 words
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      1251 52 For booking enquiry coil *****80 ,/jXV Website: littp://www.ood.com \~V USA/CANADA !u»j SGPIGBCHI MLM NYCHOU I l—ort Mdt NYCHOU M LGBSGP 00U WW row ***** 14/ M 01/0* 04/0* 07/OT 07/0* 04/0* OOCI NEW YOIK 04WS7* 11/07 l*/07 70/07 71/07 74/07 13/01 OOCI lAPA* 44E534 73/01 M/ 0* 13/ D* 14/0*
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  • Page 53 Miscellaneous
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      131 53 m mßm Jmßr f ii*.'* f* "'"•I- ■'''^f'^ •***vssW^P sBIKfISH BB R Thunderstorm A Sho vvers Rain errperature C—/ Wind direction and speed in knos CbudyDay Weather CX3 Haj V Wind speed symbols Sea Conditbns O Full circle Wo line indicates calm or light and variable winds 1 I S'Q**.
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