The Business Times, 16 August 2000

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Total Pages: 50
1 50 The Business Times
  • 13 1 TiieBusinessTimes MITA (P) 035/12/1999 85C SINGAPORE Internet' http://business-times.asial .com.sg/ WEDNESDAY, AUGUST 16, 2000
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  • 75 1 sn 2453.44 (+26.30) BT-SM ***** (+2.77) ST INDEX FUTUEES 244&J00 (+23.00) SDISCI FDTDSES 283*00 (+1.80) STOCK MAIKET INDICES Tuesday Change KLSE COMP 806.74 +651 NIKKEI 225 1****** —+144.38 HANG SENG 17,***** +466.47 SET INDEX 321.44 +454 JAKARTA COMP ***** 2.49 MANILA COMP _1.473.28 +9.43 TAIPEI WP1 7545.69 -3.18
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  • 72 1 FOBEX KATES us« s$ US$ 1.719 £(USS/SS per 1513 2.600 EURO(USS/S$/E) 0-911 1J»66 DM 2.U7 1249 YEN 109.6 63.70 RM 3.800 2511 HKS 7.800 4537 BAHT 40.70 23.68 RUPIAH 8550 4,799 PRIME SATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK 9.38 MANILA 11.00 HONGKONG 8.50 TAIPH 7.84 SYDNEY
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  • 675 1  -  Links chairman, his wife, to hold press conference to explain why they are selling Ky\ R Sivanity, Tay Hong Seng [SINGAPORE] Is fugitive Malaysian businessman Soh Chee Wen involved in a deal that could lead to the eventual takeover of locally-listed Links Island,
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  • 449 1  -  He says mood at meeting with Dr M was'measured' Front Eugene Low in Kuala Lumpur SINGAPORE and Malaysia are both keen and eager to iron out the kinks in their bilateral relationship, Senior Minister Lee Kuan Yew said yesterday. Speaking to reporters
    GEORGE GASCON/ST  -  449 words
  • 599 1  -  rTlexclusive Plans to float ECnet on SGX in 2nd-half this year, followed by Silkronte Holdings, saysT E Wong By] Kenneth James [SINGAPORE] Home-grown Internet entrepreneur Wong Toon King says he intends to take his e-com-merce firm ECnet public later this year and then
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  • Page 1 Advertisements
    • 286 1 mane Money Matters US$ at near-term lows vs regional currencies. Pg 32 Top Stories Analysts' fears of a slowdown in the semiconductor sector are premature, says the industry's chief economist Doug Andrey. Next Page Fireworks expected at CSA AGM next week. Pg 6 Democratic National EJjj convention: H£sKj Is Clinton
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    • 5 1 The CEO Speaks, Pg 34
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  • NEXT page
    • 808 2 The Semiconductor Industry Association expects the global chip market to grow a healthy 31% for the whole of 2000 FT [LONDON] THE chips aren't down yet. Fears of a slowdown are premature. The industry's chief economist Doug Andrey laughs when he hears financial analysts warning
      FT  -  808 words
    • ON THE grapevine
      • 112 2 THE bigger and swankier your home, the heftier your electricity bill. But of course. Figures from the Department of Statistics show just how wide the gap is. On average, households living in private houses spend $154 a month on electricity almost five times
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      • 179 2 DIRTY cups in the office pantry it's probably a perennial problem for many offices, especially where doing the dishes isn't in the cleaning lady's job description. So what's a boss to do? Warnings, threats, appeals to employees' conscience all work for only a short while, or
        179 words
      • 126 2 AFTER leaving its condo site opposite Great World City idle for a few years, OCBC Property Services recently had tractors clearing the overgrown foliage, sparking speculation it was finally getting ready to develop the site, perhaps timing a launch after the Hungry Ghosts Month.
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    • 471 2  -  Getting Personal By Corinne Kerk Whos Patrick Lee Kwok Kie, executive chairman and group managing director, Sing Lun Holdings. Ages 51 Claim to fame: In 1969, soon after leaving high school, Mr Lee joined Sing Lun, then a textile trading business started by
      471 words
  • Page 2 Advertisements
    • 549 2 KPMGSeminarSeries Goods Services Tax GST F5 Return Preparation Workshops 2000 Orchard Hotel Singapore, 9.00 am to 5.30pm What In view of the overwhelming response to our GST workshops and feedback from our clients, the Indirect Tax Services Unit will extend their one-day GST workshops on the practical aspects of the
      549 words
    • 105 2 you stand Does the Links Island chairman's share sale at 54 cents apiece seem like a fishy deal? 1. Yes, it should be probed by the SGX 2. No, ifs a normal transaction 3. Er, I don't care What do you think? Cast your vote at BT Online now. We
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  • LINKS island
    • 682 4  -  5 [OKI lock siew r sivanithy THE last time the Singapore Exchange (SGX) declared a stock to be cornered was in 1998, when it delisted the ill-fated Mid-Continent. Back then, lead manager OCBC Bank was reprimanded for placing out the bulk of Mid-Continent shares to
      682 words
    • 1059 4  -  By Serena Ng THE Singapore Exchange ought to be tougher with the companies it queries, said some market watchers. Since the beginning of this month, 10 small-cap companies have been queried by the SGX on substantial increases in their share prices and
      Source: Reuters  -  1,059 words

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    • 184 5 _r>i\ I 111 -i" Dm i Ml i <i\ir\\i <V- I till \l Kl)\ *4. f/i W .J* m 4k jftmrnW 10~ J? FUJI XEROX. MAKING OUR MARK AT THE OLYMPIC GAMES. One of the fastest participants at the Olympic Games is not an athlete. within a predetermined time. After
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  • SINGAPORE companies
    • 609 6  -  Shareholders upset over 'no dividend' policy, accuse company of lack of transparency since takeover Ven Sreenivasan FIREWORKS are expected at CSA Holdings' annual general meeting next week. Some shareholders are likely to demand to know what is happening in the company following its
      Source: Reuters  -  609 words
    • 446 6  -  Bat it says no orders have been retracted, sticks to forecasts By David Boey CHARTERED Semiconductor Manufacturing has effectively denied a report that it had lost orders from US giant Motorola. A Chartered spokeswoman told BT the group "had not experienced any order
      Source: Bloomberg  -  446 words
    • 218 6 OCBC Bank will take over the assets, liabilities, rights and obligations of its subsidiary Bank of Singapore except for stand-alone Internet bank finatiQ to streamline group operations. OCBC said yesterday the transfer would be accomplished through a scheme of arrangement on Oct 1.
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    • 312 6  -  By Andrea Tan RAFFLES Medical Group yesterday posted a 48 per cent jump in interim net profit to $2.9 million, as earnings from its Hongkong operations kicked in. Turnover for the six months to June 30 rose 14.1 per cent to
      ARTHUR LEE  -  312 words
    • 446 6  -  By] Kalpana Rashiwala LOW Sin Leng has quit Singapore Power and will join SembCorp Industries as chief operating officer from today to lead the group in growing its core businesses through mergers and strategic alliances. In this newly created post, she will also
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    • 120 6 SURFACE coatings specialist Inchem Holdings International has received inprinciple approval to list on Sesdaq. Overseas Union Bank is the manager, underwriter and placement agent for the initial public offer. Inchem's main business is manufacturing and distributing surface coatings mainly for the wood-based industry. It
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    • 417 7  -  It sees 20% growth as its Shanghai office will export more after quotas are lifted By' Tay Hong Seng TEXTILE trader Ban Joo Company believes its new Shanghai representative office will help it double turnover in the next five to eight
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    • 278 7  -  By. Bryan Lee PRINT and media company i-One.Net International has spent $2 million upgrading its kiosk network. The company's 92 outdoor terminals in Orchard Road have been replaced with 50 new kiosks, each housing two terminals. A further $2 million will be spent replacing the
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    • 308 8  -  aWOS IPO They end at 27.5 cents, the second-highest close since their debnt on Aug 4 David Boey THE market reacted positively yesterday to an apology and clarification by the United Overseas Bank group on Monday for its handling of the eWorldofSports.com (eWOS)
      Source: Bloomberg  -  308 words
    • 722 8  -  The eWOS IPO debacle has put the spotlight on the practice of mopping up undersubscribed shares. BT sounds out underwriters in the US, UK and Hongkong. By i Catherine Ong SECURITIES rules in the developed markets of United States and United Kingdom generally
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    • 546 8  -  From Quak Hiang Whai in Hongkong UNDERWRITERS are not barred from subscribing to the public portion of a share offer under Hongkong's listing rules, but the bourse would query the underwriters when they do so, a spokesman for Hongkong Exchanges and Clearing
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    • 396 11  -  They will offer first and second generation managed Internet hosting facilities for businesses W Daniel Buenas DATAONE Asia Pte Ltd, a whollyowned subsidiary of Keppel Telecommunications Transportation, plans to invest $30 million to $50 million to develop data centres in Thailand,
      ARTHUR LEE  -  396 words
    • 511 11 Group's HI pre-tax profit surges 88% t0£53.6m Reuters [LONDON] Millennium Copthorne Hotels Pic (M&C) said on Monday robust performance in the first half proved they had handled their expansion into Asia successfully. Pre-tax profits surged 88 per cent to £53.6 million
      Reuters  -  511 words
    • COMPANY Briefs
      • 68 11 KNITTING machine maker Falmac has turned around with a net profit of $1.32 million at half-time, from a loss of $2.25 million previously. Turnover for the six months to June 30 came to $14.93 million, or 44 per cent higher than in the same period
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      • 69 11 BERGER International lost $1.9 million in the half-year to June 30, against earnings of $125,000 in the previous corresponding half. Turnover fell 13 per cent to $59 million. Berger blamed the loss on its Singapore operations, contracting services and starting up in Malaysia. Directors
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      • 49 11 SPH Media Works chief executive officer Lee Cheok Yew has bought 5 million shares in the company for $500,000. The shares represent one per cent on the 500 million issued shares of SPH Media Works, which is wholly owned by Singapore Press Holdings.
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      • 70 11 PHILIPPINE-BASED Del Monte Pacific has warned that net profit for the half-year to June 30 will be lower than in the same period last year. It blamed weaker prices in international markets. Overall, it said production and sales had edged up, while costs had
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  • Page 6 Advertisements
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  • Page 7 Advertisements
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  • SINGAPORE markets
    • 522 10  -  l-l i comment STOCKS r. sivanithy THE upward momentum evident late last week and on Monday continued yesterday, as funds switched out of previous favourites like the banks and SPH into electronics and property counters, particularly those that have been bashed recently. Probably
      522 words
    • 190 10  -  WARRANT WATCH By R Sivanithy FROM out of nowhere, there now seems to be strong demand for property stocks. Logically, this should come as a surprise since analysts have been lamenting the property segment's poor state for months. But among
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    • 236 10  -  HOT STOCK Ven Sreenivasan THE stock of computer maker GES International has started to stir after a fourweek slumber. The counter gained 17 cents to $1.74 on 8.8 million shares yesterday its highest close in more than two weeks. Despite the surge,
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    • 150 10 ♦PAN Pacific Public Co will be trading ex-dividend (first and final dividend of 0.75-cent) on Sept 5. Last day for buying-in on a cum basis is Sept 8. Date payable is Sept 19. Pan Pacific Public Co will hold its AGM on Aug 28 at 10 am, 16
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    • 523 10 Stock* Volume Achwva5c 18.874,000 EWSport 1c 14,835,000 ST Assembly 25c 13,044,000 ReedGrp5c 12,542,000 NewWave 5c 11,732,000 JITHUgslOc 11,707,000 AddvalTech 2.5c 11,618,000 Briertey NZ10c 11.596,000 Links Island 10c 11.432,000 PNEInd 10c 11,190,000 1 Allium Stocks ST Assembly 25c 49,316,808 JIT Hldgs 10c 46,708,400 OUB 45,992,535 Chart Semiconductor 26c 38,214,756 SIA 37,227,639
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  • Page 10 Advertisements
    • 802 10 CLAREMONT HEIGHTS LTD (Incorporated in the British Virgin Islands) CONDITIONAL CASH OFFER FOR CARNAUDMETALBOX ASIA LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT OF OFFER BECOMING UNCONDITIONAL The Development Bank of Singapore Ltd ("DBS Bank") wishes to announce, for and on behalf of Claremont Heights Ltd ("CHL" or the "Offeror"),
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    • 106 10 I YOU CAN NOW PUT YOUR CPF SAVINCS IN EICHT. important All applications tor units in eight must be made on the application forms accompanying the prospectus investors must read the prospectus The value of the units and the income from them may fall as well as rise 01 >USH-f
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  • Page 11 Advertisements
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  • MAIL bag
    • 140 12  -  John Ng I REFER to your article "Per-formance-based building code from 2001" (BT, July 29). Government statistics show the aged and disabled are no small minority in Singapore. Egress or exit issues in buildings are often overlooked for such people, who either cannot or
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    • 113 12  -  Sharon Wong (Mrs) Deputy Head (Publicity Media Relations) for Director Singapore Immigration and Registration I REFER to Charles Chan's letter "Be more flexible over citizens who migrate" (Mailbag, Aug 2). It is not true that Singapore citizens who migrate will never be allowed to
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    • 1074 12  -  J Wegman AT first it was easy to dismiss the offhand comments of Leon Hadar in his Aug 4 Bottom Line column "GOP gathering takes a leaf out of Seinfeld". After all, he was on the mark when he said everything seemed to
      REUTERS; AP  -  1,074 words
    • 370 12 OUR US correspondent Leon Qadar replies: I appreciate J Wegman's lesson in American history. Although I've earned a PhD in political science, specialising in US politics and foreign policy, from an Ivy League university, I'm always grateful for those who provide me with new
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  • SINGAPORE news
    • 275 13  -  m retail By Marissa Chew RETAIL sales volume continued to rise in June, ramped up by large increases in the volume for motor vehicles. Retail sales volume was up 27.6 per cent in June, compared to the same month last year, according to figures
      Source: DOS  -  275 words
    • 417 13  -  News comes after sister company SembCorp announces Aussie plant deal Byl Teh Hooi Ling TWO of Singapore Technologies' units Singapore Technologies Telemedia and SembCorp Industries yesterday announced they are spending more than $70 million to acquire up to 30 per cent
      417 words
    • 229 13 It's compulsory education till Pr 6 from year 2003 THE government has accepted a recommendation that compulsory education be introduced up to Primary 6 in national schools from year 2003. The Committee on Compulsory Education chaired by Aline Wong, senior minister of state for education, also recommended that the ruling
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    • 500 13  -  This is nnmber of years before chronic illness, disability hit By- Anna Teo IT'S health expectancy and not the sheer number of years that counts. And here, Singapore lags behind countries like Japan, Australia, France and Switzerland. According to the World Health
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    • 489 14  -  It signs $300 m credit facility to fond purchase of Cairnhill Court tiy\ Marissa Chew HONGKONG tycoon Li Kashing's Cheung Kong Holdings and Hutchison Whampoa have no plans to take a stake in Singapore Telecoms "presently", a statement from Mr Li's
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    • 302 14  -  The 65,400 sq ft plot can accommodate 4 good-class bungalows n,, Kalpana Rashiwala ASIA Life Assurance Society has bagged the freehold Cree Court for $24.07 million or $368 per sq ft (psf). The property was sold by DBS Bank as part of its
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    • 420 14  -  Rlexclusivel High holding costs sees launch at close to breakeven price By 1 Marissa Chew PRIVATELY-HELD EuroAsia Realty will launch its freehold Newton Euro-Asia apartment project this weekend at an average of $1,232 per sq ft. The 66 apartments and three penthouses
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    • 45 14 OUR report yesterday, "Lengkong Apartments up for sale again, at lower price", said the asking price of $37 mUlion includes a development charge of about $4.6 miUion. The marketing agent has since clarified that the price does not include the development charge.
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  • Page 14 Advertisements
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  • e-NEWS
    • 461 15 SAN FRANCISCO The move is to create a larger market for application developers NYT A GROUP of key Linux software developers and major computer manufacturers was expected to announce at a Silicon Valley computer conference yesterday the first effort to compete
      NYT  -  461 words
    • 512 15 NEW YORK Reuters INTERNATIONAL Business Machines Corp said yesterday it had developed the world's most advanced quantum computer, a device based on the mysterious quantum physics properties of atoms that allow them to work together as a computer's processor and memory. IBM
      Reuters  -  512 words
    • 111 15 [BERLIN] Clad in black trenchcoat, sunglasses and hat, Dutchman Roger posed with part of the U552,500 (554,275) escape-money on Monday prior to the start of the "Realityßun thefirst worldwide manhunt for money via the Internet in the streets of Berlin. The aim of the game
      AFP  -  111 words
    • 262 15 WASHINGTON Reuters A US panel charged with reviewing the proposed acquisition of Internet services provider Verio Inc by Japan's NTT Communications has recommended President Bill Clinton does not block the US$5.5 billion (559.5 billion) deal, a source familiar with the situation
      Reuters  -  262 words
    • 188 15 m NEW YORK Bloomberg AT&T CORP, the largest US cable company, said its broadband unit will buy 700,000 cable modems from Motorola Inc and one million set-top boxes from Philips Electronics Corp. AT&T also said it will sell digital set-top boxes made
      Bloomberg  -  188 words
    • 166 15 NEW YORK Reuters CHIP maker Broadcom Corp on Monday took another step in its aggressive growth plan, buying privately held NewPort Communications for US$l.2B billion (552.2 billion) in stock as part of an expansion into the fast-growing fi-bre-optics communications business. The deal is the latest
      Reuters  -  166 words
    • 631 15 NEW YORK NTTimesxom, Chicagotribnne.com are popular sites Bloomberg NEWSPAPER publishers, expected to go the way of the dinosaurs as new Internet news services proliferated, are likely to dominate the medium instead, says PaineWebber Inc media analyst Leland Westerfield. Internet users flocked to the
      Bloomberg  -  631 words
    • 787 17  -  It plans to tie up with consultancies, system integrators to expand overseas Htji Andrew Wee HOMEGROWN software company Edge Matrix has launched its first products after changing its name from The Edge Consultants. The products allow users to access information via different communication devices such as
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  • Page 15 Advertisements
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  • EDITORIAL & opinion
    • 656 18  -  mnm 1 bottom line OPINION al labita The writer is BT's Manila correspondent THAT car bomb attack in front of the Philippine ambassador's house in downtown Jakarta, killing two people and injuring dozens, including the ambassador, has left both Indonesian and Filipino authorities
      656 words
    • 105 18 'They don't matter. They are each going to serve a corporation. The corporation is going to determine what the foreign policy is, what the economic policy is.' Norman Mailer novelist, pouring scorn on the US presidential candidates. This is a tragic incident, but I don't think one
      105 words
    • 666 18 EDITORIAL THE recent ill-fated Initial public offering (IPO) of Singapore sporting goods retailer eWorldofSports.com (eWOS) raises a number of issues about the conduct of underwriters and the rules they are required to comply with. The crux of the eWOS affair is not the failed IPO: Not
      666 words
    • 1277 18  -  Prom* Anthony Rowley in Tokyo FOR once the Bank of Japan has done the right thing even if, perhaps, partly for the wrong reasons. By voting to end its so-called zero interest rate policy, the BOJ (or rather its Policy Board) has
      FILE PHOTO  -  1,277 words
    • 972 18 Bard act to repeal IT now looks almost certain the People's Consultative Assembly (MPR) will extend the political role of the Indonesian military (TNI) beyond 2004, the original deadline promised by leaders of the 1998 reform movement that included the likes of President Abdurrahman Wahid, Vice-President
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  • MALAYSIA news
    • MALAYSIA Briefs
      • 122 19 Bloomberg TELECOMMUNICATION stocks rose after Technology Resources Industries Bhd said most of its bondholders gave their initial approval to defer payment on US$375 million (*****.25 million) of Eurobonds. TRI, as the biggest cellular phone services company is known, rose 12 sen, or 2.8 per
        Bloomberg  -  122 words
      • 90 19 Bloomberg SCIENTEX Inc rose 10 sen, or 1.3 per cent, to RM7.60, after the property developer and plastic products maker said it planned to spend RM32 million (5514.47 million) to expand its industrial packaging plant to help boost earnings. Ta Win Holdings Bhd rose 75
        Bloomberg  -  90 words
    • 231 19 KUALA LUMPUR MAS shareholder didn't fulfill funds commitment: report NALURI Bhd, the majority shareholder of Malaysian Airlines Bhd, may face litigation by the Maldives government for allegedly violating a shareholders' agreement with the now defunct Air Maldives, New Straits Times reported yesterday. It
      231 words
    • 532 19  -  It clinches deals to bay 3 other financial institutions From Diana Oon Abdullah in Kuala Lumpur MULTI PURPOSE Bank has finally got its merger plan firmly under way after it clinched agreements to acquire three other financial institutions, but analysts said that the bank needs to
      THE STAR  -  532 words
    • 154 19 Time to sell Renong warrants, give free Renong Time warrants to bondholders KUALA LUMPUR AFX-Asia TIME Engineering said under its financial restructuring scheme, it has proposed to restructure its 250 million redeemable secured five-year zero-coupon bonds by selling Renong Bhd warrants, and giving free Renong and Time warrants to the
      AFX-Asia  -  154 words
    • 91 19 m KUALA LUMPUR AFP AN international panel advising Malaysian Prime Minister Mahathir Mohamad on the Multimedia Super Corridor (MSC) will hold its annual meeting here next month, officials said yesterday. But only 12 out of 43 members of the
      AFP  -  91 words
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  • SOUTH east asia
    • 1024 21  -  Straggle for final line-np; House warns of special assembly if 6ns Dnr fails again From^ Yang Razali Kassim in Jakarta AS the country's top leaders struggle to agree on a final Cabinet line-up that business leaders hope could lift the markets, market watchers
      1,024 words
    • 118 21 JAKARTA AFP INDONESIAN President Abdurrahman Wahid yesterday chided his younger brother for organising a protest in his support at the national assembly, saying it could backfire. "I regret that there was a demonstration organised to support my position and to show their anger to the
      AFP  -  118 words
    • 368 21 HONGKONG It has asked HE banks to help locate hidden accounts Bloomberg THE Philippine government will step up its search for the missing fortune of former president Ferdinand Marcos and has asked several Hongkong banks to assist in finding hidden accounts, government
      Bloomberg  -  368 words
    • NOTE Book
      • 73 21 AFP [JAKARTA] Indonesia, which sends tens of thousands of women overseas every year to work as maids, is considering a 100-day ban while the government introduces safeguards against frequent cases of abuse, a minister said yesterday. The move follows several high-profile cases of
        AFP  -  73 words
      • 73 21 Reuters [HANOI] Vietnam aims to cut back its vast public sector workforce by 15 per cent by the end of next year by banning new recruitment, implementing early retirement and farming out contracts, Vietnam News reported yesterday. It said Ave million workers in administrative
        Reuters  -  73 words
      • 68 21 Bloomberg [JAKARTA] PT Timah, the world's biggest tin miner, said its first half net profit rose 37.3 per cent compared to the same period a year ago. Profit rose to 250.1 billion rupiah (Ssso million), or 497 rupiah a share, from 182.2 billion rupiah, or
        Bloomberg  -  68 words
      • 73 21 Reuters [BANGKOK] Thailand's largest cellular phone operator Advanced Info Service said yesterday a big jump in second quarter earnings was mainly due to a 73 per cent increase in revenues on strong demand for cellular phones. The company reported a net profit of 2.3
        Reuters  -  73 words
    • 146 21 MANILA Bloomberg PHILIPPINE National Bank may be downgraded by Moody's Investors Service, because of the government sale of a stake in the bank, the credit rating company said. Moody's also said it cut its outlook for Allied Banking Corp, the Philippines' No 10 lender,
      Bloomberg  -  146 words
    • 327 21 JAKARTA Prosecutors have gathered sufficient evidence: Marznki AP INDONESIA'S central bank governor, who is awaiting trial in a corruption case, faces a possible five-year jail sentence if found guilty, Attorney General Marzuki Darusman said yesterday. Prosecutors detained Bank of Indonesia governor
      AP  -  327 words
    • 250 21 BANGKOK AFX-Asia THERE is a danger of a renewed economic crisis if the current account surplus drops below US$6 billion (5510.3 billion) a year as a result of falling exports and rising imports of luxury goods, Deputy Finance Permanent
      AFX-Asia  -  250 words
  • Page 21 Advertisements
    • 196 21 $top The Internet changes the way companies manage Human Capital. The best people are not just hard to get hold of they're hard to keep. Companies embracing the new age are creating dynamic, flexible people cultures that help retain their talent. People Soft's new generation of Human Resource Management Solutions
      196 words

  • EAST asia
    • 328 22 SYDNEY Discussions focus on selling Internet and electronic payments services Bloomberg KEYCORP Ltd, in which Australia's No 1 phone company Telstra Corp plans to take a 51 per cent stake, has held talks with Hongkong's Pacific Century CyberWorks Ltd to sell Internet and electronic
      Bloomberg  -  328 words
    • SINO Briefs
      • 92 22 Reuters [HONCiKUNiij Property group Century City International Holdings said yesterday it has entered into an option agreement to acquire an interest in a China broadband fibre optic network provider in a deal worth up to HK$2.4B billion (*****.6 million). The company said in a
        Reuters  -  92 words
      • 70 22 Bloomberg [TAIPEI] Prudential Insurance Co of America will buy a stake in Master Link Securities Investment Trust Enterprise, the latest foreign financial company to seek a share of Taiwan's expanding local fund management industry. Prudential and Taiwan's No 11 fund management firm by assets are
        Bloomberg  -  70 words
      • 72 22 AFX-Asia [HONGKONG] Coca-Cola China is to relocate its mainland operations from Hongkong to Shanghai, the South China Morning Post said. The paper said the move was part of a strategy to double consumption on the mainland of its soft drink products by
        AFX-Asia  -  72 words
      • 76 22 AFX-Asia [TAIPEI] Foreigners will be allowed to build direct and indirect holdings of up to 20 per cent in Chunghwa Telecom Co Ltd before the latter becomes privatised, the Economic Daily News reported, citing ministry of transportation and communications sources. The ministry is ready
        AFX-Asia  -  76 words
      • 57 22 Bloomberg [HONGKONG] Hongkong's jobless rate was unchanged in July as growth in the job market failed to keep pace with the city's economic expansion. The unemployment rate held steady at 5 per cent in the May to July period compared to the April
        Bloomberg  -  57 words
    • 395 22  -  It strikes deal with Israeli firm to beat capacity crunch at home Front 1 Macabe Keliher in Taipei THE capacity crunch in Taiwan's chip-making industry has forced Macronix International Co, one of the world's largest memory chip makers, to go overseas in search of manufacturing lines.
      395 words
    • 403 22 CHINA BOOM Bloomberg [BEIJING] China's retail sales growth accelerated in July as economic growth translated into greater demand for goods like clothes and appliances while retailers wooed customers by cutting prices. Sales increased 9.1 per cent from a year ago to 259.7
      Bloomberg; FILE PHOTO  -  403 words
    • 384 22 But first-half high costs hit smaller electricity producers Reuters [SHANGHAI] China's major listed power firms generated better-than-expected profits in the first half of this year as an improving economy fuelled increased demand, company officials and analysts said yesterday. But smaller electricity producers
      Reuters  -  384 words
  • Page 22 Advertisements
    • 133 22 IfS GARAGE SALES v; Rummage here for a treasure trove of great finds. The Straits Times Classified WHAT YOU'D EXPECT FROM US: LATE CHECK-OUT. (24 HOURS LATER) M.mil i > tines! In >ti li> in>vv in.ikiiu in otter even flu- hum prudent person can't St.iv tor iv\ o conset, ini\
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    • 248 22 if«j 2] 1 if*V3 IT# 11 it§ riJjViflV >- SINGAPORE SINCE 1902 Ik «»j iW 11 CREST is a National Training Initiative by |y Module 4 Problem Solving U Singapore Productivity Standards Si Creativity Board pSB 25 29 Aug 2000 L V'j 7 Modules are fully endorsed by PSB. Ca
      248 words

  • SOUTH asia
    • 494 23 NEW DELHI Move is aimed at boosting stock, provide investors with greater liquidity Bloomberg VIDESH Sanchar Nigam Ltd (VSNL), India's monopoly international phone service provider, was set to list its shares on the New York Stock Exchange yesterday to boost the stock
      Bloomberg  -  494 words
    • 526 23 NEW DELHI This may herald a significant increase in car prices AFP THE slide in the value of rupee against the dollar has hit India's automobile industry and could herald a significant increase in car prices. Global automobile giants
      AFP  -  526 words
    • 357 23 NEWDELHI Vajpayee also promises new round of economic measures Reuters INDIAN Prime Minister Atal Behari Vajpayee yesterday promised more steps to help spread computers and the Internet into rural areas in an effort to build on a surge in
      Reuters; REUTERS  -  357 words
  • Page 23 Advertisements
    • 178 23 VOLUNTARY RECALL OF FIRESTONE TYRES IN THE U.S.A. Bridgestone/Firestone Inc., one of the subsidiaries of Bridgestone Corporation in the U.S., announced a voluntary recall on 9 August 2000 of all P235/75R15 size Firestone Radial ATX and ATX II tyres produced in North America, including Mexico; and all Firestone Wilderness AT
      178 words

  • WORLD news
    • 486 24 LONDON Move follows plan by UK, French officials to revoke its flying certification AP BRITISH Airways suspended Con- corde operations yesterday after be- ing advised by British and French of- ficials that they intended to revoke -r the supersonic plane's airworthiness certification,
      AP  -  486 words
    • 386 24 WASHINGTON AP Reuters INDUSTRIAL production in the US rose a solid 0.4 per cent in July despite a big drop in electric utility output caused by unseasonably mild weather, the Federal Reserve reported yesterday. The 0.4 per cent increase, following a 0.2 per
      AP; Reuters  -  386 words
    • 404 24  -  It sees calm market reaction as support for rate hike fiYom i Anthony Rowley in Tokyo THE Bank of Japan yesterday published its latest assessment of Japan's economy, arguing that personal consumption the "missing link" in the current recovery will grow steadily from
      404 words
    • 507 24 LONDON Brent crude rose 4% higher to U5532.75 a barrel Reuters OIL prices stampeded to their highest for a decade yesterday on fears about low petroleum stockpiles and a frank admission by Venezuela about the perennial thirst of the Organisation of Petroleum Exporting
      Reuters; REUTERS  -  507 words
    • 371 24 STAMFORD, Connecticut Bloomberg XEROX Corp, the world's largest copier company, will pay ousted chief executive Richard Thoman US$BOO,OOO (5J1.37 million) a year for life, according to a filing with the Securities and Exchange Commission. Xerox also will pay Mr Thoman, who was
      Bloomberg  -  371 words
    • 599 25 CHICAGO Research may one day lead to regenerating brain and other parts IN a bit of biological alchemy, scientists have converted human blood cells into brain cells, the latest achievement in the "stem cell" research that may someday allow doctors to grow replacement parts
      599 words
    • 545 25 NEW YORK This will make News Corp, through Fox, largest TV operator AT age 69, Rupert Murdoch remains a consummate dealmaker. With Monday's announcement that News Corp will pay US$5.4 billion (559.2 billion) in cash and stock for 10 television stations owned by
      AFP FILE PHOTO  -  545 words
    • 500 25 NEW YORK It is trying to restructure its USs7oom debt Reuters RELIANCE Group Holdings, Inc, the 183-year-old insurance company used by financier Saul Steinberg to mount daring takeover bids in the 1980s, said on Monday it may seek bankruptcy protection due to mounting
      Reuters  -  500 words
    • 349 25 WASHINGTON Bloomberg GEORGE Soros' money management business, while slashing the size of its equity portfolio during the second quarter, greatly increased the percentage of investments held in the form of preferred stocks and convertible bonds. The value of stocks held
      Bloomberg  -  349 words
  • Page 24 Advertisements
    • 217 24 I Singapore I I tv Holdings I I THE BUSINESS TIMES I I SHIPPING TIMES I flj Ports, yards and shipping lines. Shippers and freight forwarders. Brokers, salvors and charterers. H I Do they mean anything to you? And if they do, can you write about these matters H simply
      217 words

  • Page 25 Advertisements
    • 29 25 E TODAY©** liianhe Zaobao Life insurancepremium Subtotal in first half year im BUSINESS SERVICES/ PRODUCTS The Straits Times Classified. [cata] Classifications 201 266. 3uy It. Sell It. Find It.
      29 words
    • 295 25 Unleashing the audience profilb o This informative and critical Power of People seminar should be attended by u CEOs, CFOs, COOs, corporate During Corporate planners, HR and business leaders. Hewitt Restructurin g MAIN SPEAKERS I pi Francis Stickland, senior managing v-.IIaJ.IJJC consultant with Hewitt in the UK. Improving a mem
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    • 101 25 BuMng Plan No ***** Advantage supermarket now owned by Woolworths plus 21 specialty shops Opened November 1999, Subiaco Square New 25 year supermarket lease "Woolworths" Shopping Centre is m the heart of Subi o 5 6472 m' of lettable area on 9736 m' site Centra Perth's most exciting inner city
      101 words

  • US elections
    • 691 26  -  Gore, who trails Bush in opinion polls, could have done without the Clinton show at the party convention, Leon Hadar writes from Washington Leon Hadar FOR someone who is trying his best to distance himself from President Bill Clinton, the opening night of the
      AFP, REUTERS  -  691 words
  • Page 26 Advertisements
    • 843 26 CAMPAIGN 2000(/V @3TBL*\ harimau investments limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Harimau Investments Limited wishes to make the following announcement: 1. UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2000 GROUP COMPANY Six Months ended Incr/ Six Months ended Incr/ 30.06.00 30.06.99
      843 words
    • 837 26 ECOIM ECON INTERNATIONAL UMITEO (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 13th Annual General Meeting of the Company will be held at 2 Ang Mo Kio Street 64, Ang Mo Kio Industrial Park 3, Singapore *****4 on Friday, 29 September
      837 words
    • 433 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF OV CAPITAL PTE LTD iDCOWOtATED IN THE UMUC OTSHGitfOK) IIMJQUDATKNI MEVOEB VOLUNTARY WMNNU* NOTICE IS HEREBY GIVEN that the creditors ot the abovenamed Company which is being wound-up voluntarily are required on or before 18 September
      433 words

  • FINANCE & commodities
    • 315 27  -  SGX Derivatives TnOhtgReports ST Xndosc/MSCI SPporo Index Chan Yet San THE Singapore stock market closed higher for the fourth day in a row. The Straits Times Index gained 26.30 points or 1.24 per cent to close at 2,153.44 points. Within the index, 33 counters
      315 words
    • 235 27  -  MS& Taiwan Index Chan Yet San THE Taiwan stock market finished mixed amid some good and not so good news. The MSCI Taiwan Index went up by just 0.03 point or 0.01 per cent to end at 347.69 points. Trading volume within the index was 412.36
      235 words
    • 179 27 ENERGY REPORT Reuter [SINGAPORE] The Asian crude was steady yesterday but an overhang of September crude was weighing on the market. The October market was in preliminary mode with only Murban crude traded so far. Traders said yesterday that outstanding bids were seen for the
      Reuter  -  179 words
    • 350 27 Reuters London THE euro rose yesterday, hitting two-week highs against the yen, as inflation reports from around the euro zone stoked speculation that the European Central Bank could raise interest rates as soon as Aug 31. Gains of nearly 1 per cent which the euro racked up against
      Reuters  -  350 words
    • Article, Illustration
      1284 27 WTERBAMKCROSSRITES Aug 5 AS c$ ft too Fir Dm HK$ Ind >1 Ri»M> Ym Won BM MZ$Mih Pwo S$ Bind Sfr HT$ Balrt PowK US$ Australia 0.867 4843 0.640 4.202 L253 4.551 26.649 48.135 0.639 6.508 2.217 1.300 31.215 26.209 1.003 4.030 0.998 18.145 23.746 0.386 0.583 Canada 1.154 5.589
      1,284 words
    • 1859 27 S1C0M FUTURES Aug 15 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACTS cents/kq) Close Votame Ope* Month High low Sett (towns) Interest Sep 00 n0.50 Oct 00 112.00 Mo* 00 113.25 Dec 00 114.50 RSS 3 CONTRACT (US cents/kg) Voftme Open Month High Low Srtt (tonnes) Interest Sep 00 62.50
      1,859 words

  • STOCKS east asia
    • 2887 28 HOMGKOMG AFP Fl Hang Seng +465.47 HONGKONG share prices rose 2.7 per cent yesterday on property-led gains fuelled by a consensus that US interest rates will remain unchanged at the next Federal Reserve meeting, dealers said. The key Hang Seng index gained 465.47
      AFP  -  2,887 words
    • Article, Illustration
      1022 28 Reuters QStoriaßjidg -L 25 CHINA'S hard currency B shares closed slightly lower yesterday as investors cashed in on sharp gains logged over the previous two days. The Shanghai B Share Index fell 0.72 per cent to 73.49 points as turnover expanded to a three-year high of U5556.62 million. The
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,022 words
    • 349 28 AFP QWPlnfex -3JB TAIWAN share prices closed marginally lower yesterday in thin, rangebound trading amid cautious sentiment, dealers said. The Taiwan Stock Exchange Weighted Price Index edged down 3.18 points to 7,845.69, following a 1.6 per cent decline in the previous session. Yesterday's turnover was NT548.53 billion against NT539.65
      AFP  -  349 words
    • 2058 28 TOKYO AFP Plate 225 ****** SHARE prices in Tokyo rose 0.9 per cent yesterday, boosted by late gains in hightechnology issues in sluggish holiday trade, brokers said. The Tokyo Stock Exchange's key Nik-kei-225 index increased 144.38 points to finish at 16,298.29. The Topix
      AFP  -  2,058 words
  • Page 28 Advertisements

  • STOCKS klse
    • 8986 29 INDUSTRIALS CoftsiMiw products 2000 Last Vol Day Net Cap High Low Company Salt *h_ OOO High Low P/t $mll 420 310 Ajinomoto 350 unch I 350 350 19.1 t41.9 158 62 Angkasa 69 5 0.5 4 69.5 68 102.5 670 290 ApotIO Food Hlg 462 2 1 462 462 10.0
      8,986 words
    • 446 29 AFP Q Composite Index +&51 MALAYSIAN shares rose 0.8 per cent yesterday led by selected blue chips and semiconductor stocks. The Composite Index ended up 6.51 points at 806.74. The Second Board Index added 1.04 points to 209.73. "The gains were
      AFP  -  446 words
  • Page 29 Advertisements

  • SGX clob & regional stocks
    • 3173 30 BOHPS WARRAMTS Aug 15 ■I Ml Urn/ bUrf U'M L»l M Bm l—HH taf Hurt Can Cm Ml HUB Mfk LM [H|»l| HT C000) I— Bayer Mil Ma ImiIIM Pita <%) l«*|t Ufl 51.5 13.5 Acma W*****4 13.5 -0.5 112 14 1X5 115 14 14 41.0 1 300 175 8
      3,173 words
    • Article, Illustration
      760 30 Reuters +CB4 ENCOURAGING first-half results helped Thai stocks end higher yesterday as foreign investors bought large-cap shares. The benchmark composite SET index closed 4.84 points or 1.53 per cent up at 321.44 on moderate turnover of 4.23 billion baht. "The big driver in the market was the sharp gain
      Reuters  -  760 words
    • 272 30 AFP n Composite Index +9.43 PHILIPPINE share prices rose 0.6 per cent yesterday in reaction to the upturn on Wall Street, although sentiment remained weak, dealers said. The Philippine Stock Exchange Composite Index rose 9.43 points to 1,473.28. AFP «<H« hH OOP) MRC Allied 0.38 unch 0 Abacus Construction.—0
      AFP  -  272 words
    • Article, Illustration
      692 30 AFP Q Composite Index -149 INDONESIAN share prices closed 0.5 per cent lower yesterday amid continued foreign seHing and caution over the ongoing annual meeting of the People's Consultative Assembly (MPR), dealers said. The Jakarta Stock Exchange composite index was down 2.49 points at 501.58 on a volume of
      AFP  -  692 words
    • 264 30 Xinhua QIBSE-40 -25J2 THE New Zealand share market closed lower yesterday, mainly because of losses in market heavyweight Telecom's stock price. The NZSE-40 Index ended 25.12 points lower at 2,145.57 with a moderate turnover of NZ$B4.l million. Xinhua MB M$ COOP) Advantage HOS 2.80 0.04 83 Air NZ A
      Xinhua  -  264 words
    • 556 30 AFP AD Ordinaries +7JO AUSTRALIAN share prices rose 0.2 per cent yesterday, buoyed by a late rally on Wall Street, brokers said. The All Ordinaries index gained 7.90 points to 3,283.80 while the SP/ASX 200 was 8.2 points higher at 3,323.10. A dealer said the market was also influenced
      AFP  -  556 words
  • Page 30 Advertisements
    • 26 30 Bringing THE ARTS to another level The Business Times every Saturday The Seoul market «u closed yesterday Wake#*- p Tlu'StraitwTimiK Start your job search early. Read
      26 words

  • 9668 31 SGXMAINBOARD lYanscu-tion date: A ug 15 Cr Or M wt S2-Wk La»« Vol Oay Last Ouota Dtv Otv VM N«t Cap A«« m> L— Company Sato COOO) Hlqh L— Buyar SaWir C'vr p/t SmU Prtct MULTI-INDUSTRY 163 101 m c Acmi 50c 114 ♦2 65 114 112 114
    9,668 words
  • Page 31 Advertisements

  • MONEY matters
    • 1074 32  -  I-l i comment CURRENCIES But higher US stocks are preferable to higher US interest rates larry wee Another good week for selected regional currencies, particularly the rupiah and to a lesser extent the Singapore dollar. But our sense is that the US dollar could
      Source: Hy ank  -  1,074 words
    • 441 32  -  S Korea, Taiwan and S'pore main beneficiaries, even if US economy slows Hy\ Larry Wee DESPITE renewed fears, Asia does not face a new crisis, says SG Securities in its latest Quarterly Economic Review. Thanks to new growth drivers, greater resilience to US slowing and
      441 words
    • 319 32 Singapore: Rosillonco Indox [Rl] 1.00 Less correlation with US economy More positive supply side stimulants (eg, huge new chemical plants coming onstream) Pro-active government has fiscal resources, CPF contributions and other tools to counter any slowdown Construction sector bottoming out Indonesia at bottom,
      319 words
  • Page 32 Advertisements
    • 317 32 Strategies for Individual Investors Amid Stock Market Downturn After hitting a new high early this year, the stock market has been drifting downwards, threatening to touch the STI2OOO point level What strategies should individual investors adopt to tackle the situation? How can they make the best of the slow market?
      317 words

  • Page 33 Advertisements
    • 317 33 Where to wine, dine and entertain...*-? >> Asa Savour the distinctive mix of flavours and tastes of Singapore. Feast on the exciting spread of jf local dishes we have for you such as Nasi Lemak, Tauhu Goreng, Tandoori Fish etc. y V jA Do expect a change in our daily
      317 words
    • 115 33 l I available for: private parties fl company dinner and dance II conference seminar and meeting. V HOTEL GRAND CENTRAL LIMITED IF 22 Orchard Road/Cavenagh Road, I Singapore *****7 I Tel: 737 9944 Fax: 733 3175 Unlimited International Buffet with Specialty Corner Lunch: $19.80 Adult $12.80 Child (Daily except Saturday,
      115 words
    • 117 33 Hotel Asia 37 Scotts Road We bring back the pleasures of charcoal barbecued food at only $29 00 a platter containing a variety of seafood and meats such as stuffed squids, prawns, beef/chicken satay. sliced fish. beef. lamb, chicken fillet as well as chicken winglets But if you want more,
      117 words
    • 165 33 Enjoy the most delicious recipes of the East West from our Semi Buffet Lunch. Available Mondays to Fridays. From make your own Nonya Rojak to Fresh Oysters, Smoked Salmon with Thai Spices or Japanese Sushi. For the main courses, choose from Pan-fried Sea Bass with Asian Spices, Chicken Rice or
      165 words
    • 142 33 CELEBRATE THE MID-AUTUMN FESTIVAL i < Make Mandarin Mooncakesyour choice for the Mid-Autumn Celebrations. Order with us today tel: 732 8895 (trail Aanrtrr Mgjukirin Singapore i)) Onlurd Ktud. 2)8867 "omm W 737 4411 FJK: 7J2 2 J6l MwnrioH-'s KOtfvyCovVgS <*voul<*b>e <*f ij<*n Ho»o CU'mese Resf*ur**\f, Ptfisfry <*H<A K*l*rioH- V\OOHC<*Ve Confer
      142 words
  • Page 33 Miscellaneous
    • 884 33 TVETCTS Central 2.00 World's Most Danger- LOO AM Wednesday Mid 10.00 Singapore Tonight 9.00 AM Kid Central: Sesa 3.00 My V lde S T&^Ht N ght f Cheer Up Japan 2000 (rj. 10.00 SmtoS: Seaside/ tJJ Najip Common Heritage Of IL3O Inside ISdfa' S Cinema, Cine- 1& WSSStSSSt I*2 ag-i
      884 words
    • 275 33 CRYPTIC CROSSWORD ACROSS 6 Mention credentials (9) 1 Wearisome about article caus- 9 Ve, Y 01(1 far from pleasant ing concern (9) (4) 8 Desire for company review (5) 14 Fed-up and scoffing beating 10 Disconnect a connection hold- will result (9) ing nothing up (8) 16 Inspector at one
      275 words

  • THE CEO speaks
    • 1407 34  -  A burning vision and a commitment to building good relationships are taking ECnet's Wong Toon King places, umnnw-u i earns KENNETH JAMES Entering Wong Toon King's starkly simple office, the visitor's eyes are drawn almost immediately to the bold Chinese characters framed on the
      CHRIS LOH  -  1,407 words
  • Page 34 Advertisements
    • 184 34 V <i. CEO SPEAKS. UOB PRIVILEGE BANKING LISTENS. t ■K R vile g e At UOB Privilege Banking, we translate every in deposits or unit trust investments. Admittedly, Privilege Banking banking CEO's vision into results. Which is why we'll isn't for everyone. But for those of you who do qualify,
      184 words
    • 2 34 (JOB BANKING
      2 words

  • SHIPPING TIMES
    • 219 35 Reuters THE week began quietly for the dry cargo freight market, especially for those involved in the grain and mineral sectors, brokers said. The slow start was reflected in losses in all the Baltic indices apart from the Baltic Handy Index, they added. The Baltic Dry Index (BDI)
      Reuters  -  219 words
    • 238 35 «Hl CWT Distribution 0.77 Mnch 4 CHum Hup 039 -<MH 760 CppcalnwaatmpnL—020 OOI 426 NtMIMl 0.19 OlOI 1460 G8HpMngs 0&3 unch 0 HplSwiHup 0J7 -0.01 5* WCIHMmi IIK MO unch 0 j«iiiihii>i .,.,0.17 mot in KappplCorp 188 -002 1082 ftwuros too wen 214 Mppil Martha 0-28 unch 22M
      238 words
    • 500 35  -  Five-year-old registry, with over 3 million gross tons, registers a new ship everyday Byl Ann Toh [SINGAPORE] The Cambodia Ship Registry expects to break into the ranking of the world's top 20 registries in three to five years. The registry's Singaporebased operator, the
      500 words
    • 397 35  -  By\ Donald Urquhart [SINGAPORE] Damen Shipyards Singapore has announced their first shipbuilding order following their purchase of the former Kvaerner Fjellstrand Singapore shipyard this past June. Damen Singapore senior manager Dennis Carroll told Shipping Times earlier that "Damen's strength
      397 words
    • 142 35 Bloomberg [SHENZHEN] China International Marine Containers Ltd, the world's largest maker of freight containers, said it won a US$3O million (5551.6 million) order for containers from Haixjin Shipping Co, the world's third-largest shipping company. Hanjin Shipping will pay for the 20,000 twenty-foot equivalent unit
      Bloomberg  -  142 words
    • PORT Shots
      • 88 35 (LONDON] UK-based Contship Container-lines Is to boost its Australia-New Zealand trans-Tasman trades with the addition of a three-ship "butterfly" service on atwo-loop rotation, with further tonnage likely in the long run. The additional service, which will run alongside Its existing arrangements, will offer a 5-6 day
        88 words
      • 54 35 [LONDON] Liner group India Pakistan Bangladesh Ceylon Conferences (IPBCC)has decided to ait its bunker adjustment factor (BAF) in line with a recent drop in ftoel prices. Shippers will now pay US$6O (*****.2) per TEU on IPBCC routes. Members of the group include AP Moiler, P&O Nedlloyd,
        54 words
      • 64 35 (LONDON) Greek panamax tanker operator Pegasus Shipping has won the support of Chase Manhattan htmv for resolving some of its US$l9O million (*****.6 million) debt problems. The 14-ship operator ran into financial difficulties during the slump in tanker rates last year, and the new deal
        64 words
      • 52 35 [LONDON] The Indonesian government plans to build four new container facilities at the ports of Batam, Bitung, Kupang and Sorong, and is also considering building another terminal near the Taitfung Priok port in Jakarta. The four ports will initially focus on local feeder services.
        52 words
      • 63 35 [LONDON] Twenty two crew had to be rescued from the 1996-built general cargo ship Hasat after an engine room fire spread to a cargo of gas cylinders. The 12,793 dwt Turkish-flag vessel sank 480 kilometres ofFthe Italian coast after developing a hole in the stem.
        63 words
    • METAL recycling
      • 989 36 As the world becomes more environmentally conscious, the reuse of scrap metals is becoming bigger business Port Of Rotterdam (ROTTERDAM) Rotterdam is the world's largest port when it comes to scrap. Each year, four million tonnes of ferrous and non-ferrous scrap metals are transhipped here. At
        Port Of Rotterdam; FILE PHOTO  -  989 words
    • 295 36 PAGE ECU Line 6 AMI 3 ESP Lines 13 Accord 8 Ewgreen 6 Ahrenkiel M FoongSun 8 Appensfiip 5 Frt Links M AsmOCL 13 fuh 1 Assets 8 C Link 4 Austral 8 Gemartrans 6 Avant 14 Genshpg 13 B'tang Mas 8 Global 13 BSA 7 WoryMav
      295 words
    • 20569 43 THEBUSINESSTIMES EXPORT TA Vo *«fl» Ti*phon« ETA eta Advartlsar Vtud Voyaq* TMrphoo* SIN Dwt n Nam* Name Number Number SIN DMt'n Nam# Nam* Mnmh*r >■ D Mn H m N Hun m n/m 27/0* pil bunca delima 431 frswn ABIDJAN (ABJ) 2003 Cot# D'I voir# 31/00 10/09 Kanim
      20,569 words
    • SHIPS IN PORT
      • 602 49 Voy No Bartti Arrival Departure *****3 *JU 15/08/7 :15 8e mw J02 15/06/8:20 15/08/2300 *wtar 3 ***** J03 15/08/7:40 15/08/2359 I J04 15/08/9:50 22/08/17:00 "0200 J02 15/08/8:50 15/08/16:00 fropwl 28 I5A00 J06 15/08/9:50 15/06/1700 fr Hi J02 15/06/905 15/08/17JO laigMl 3 12/00 *3 15/08/9:40 15/08/22:00 IhMMM bp 15/00
        602 words
      • 1939 49 RECEIVING Of EXPORT Fa CONTAINERS AND La CARGO Boofclng/BilMc* Istts *oy No Etb/Btr Period From To FroM achicvm 3n i7/*oo a m/hoo m/*» m/hoo U M/1700 5/0*59 5/0900 2« M/1700 5/0*59 8/0900 3 ivoroo is/nw iymoo 4 5/1200 5/M59 IS/WOO ACX LILAC OH« It/300 H M/500 M/l*59 X'1900
        1,939 words
      • 179 49 17 Indonesia: Independence Day. Aaf27 Philippines: National Heroes Day. Aef 28 United Kingdom: Summer Bank Holiday. Ai|3l Malaysia: National Day. Sap 12 Korea: Harvest Festival Day. Taiwan: Mid-Autumn Festival. Sap 13 Hong Kong: The day following Mid-Autumn Festival. Sep 18 Japan: Respect for the Aged. Sep 23 Japan:
        179 words
      • 773 49 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are baaed on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        773 words
      • 460 49 Cwtoa MO Mu 990.8 0.5 tt.1 0.08 79 0.04 H 3 Dmlty Motor BhMm Am AMwIrtwi Sifciit No Mow £25 0 0 0 0 0 ZTT- 380 Aw 967 J 0.4 U.0 0.06 34 0.02 tin. 380 Mu 9919 17 M7 0.09 73 0.05 MMT3 %W
        460 words
    • AIR & LAND transport
      • 503 50 Effective fuel hedging also expected to help Aussie carrier post record performance Reuters [SYDNEY] Australia's flagship carrier Qantas Airways Ltd is expected to reveal a record annual profit tomorrow, thanks to growth on its key routes and effective fuel hedging.
        Reuters; AFP  -  503 words
      • 152 50 Reuters [NEW DELHI] Air India has completed negotiations for the lease of five Airbus A3lO aircraft, the airline's official spokesman said. The airline will not be leasing two Boeing 747-300 "combi" aircraft as was planned earlier, he added. He did not give reasons why
        Reuters  -  152 words
      • 104 50 [WASHINGTON] National Transportation Safety Board investigator Gregory Feith holds up an oxygen generator recovered from ValuJet Flight 592 during a hearing in Washington in Aug 19,1997. The explosive-tipped oxygen generators were blamed in a cargo fire that caused the ill-fated jet to crash shortly
        AP  -  104 words
      • 457 50 China's biggest airliim hniMing cargo centre at Shenzhen airport Reuters [HONGKONG] China Southern Airlines said it was making a major commitment to its freight operation by building a new cargo centre, acquiring more freighters and training pilots to fly them. China's largest airline, based in
        Reuters  -  457 words
      • 302 50 Lion Airline selling tickets below official prices AFP [JAKARTA) Indonesia's fledgling Lion Airline, which began operating on June 30, is already begining to feel the heat of cutthroat competition against other domestic airlines, a company executive said yesterday. "The price competition is
        AFP  -  302 words
      • 256 50 Bloomberg [CHICAGO] UAL Corps United Airlines and the union representing its 10.000 pilots resumed contract talks after a two-day recess imposed by the union because it was dissatisfied with the progress of negotiations. Talks between the world's largest airline and the union
        Bloomberg  -  256 words
      • LOG Book
        • 60 50 AFX-Asia {SHANGHAI] The Civil Aviation Administration of China (CAAC) will soon introduce policies aimed at developing air feeder routes and encouraging the we of domestically-produced aircraft, the China Economic Herald reported. Citing CAAC sources, the report said fevourabte treatment will be given for
          AFX-Asia  -  60 words
        • 70 50 Bloomberg (KUALA LUMPUR) A jet operated by Malaysian Airline System Bhd (MAS) landed safely with 130 passengers on board after four tyres burst on touchdown. Hie airline said the incident occurred oil Sunday as an anti-skid system on a flight from Kuala Lumpur
          Bloomberg  -  70 words
        • 59 50 Bloomberg {TOKYO] Japan Airlines Co and Ail Nippon Airways Co, Japan's biggest carriers, said they will create a domestic online travel agency with 11 other airlines operating in Asia and Travelocity.com Inc, the largest US internet travel site. The venture will start providing travel services
          Bloomberg  -  59 words
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  • Page 35 Advertisements
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    • 702 36 Lines services represented by 1® Mem^er> R«9 is,r y °f v Accredited Shipping Agents, vg.i» .y Singapore Shipping Association Members of ihe Singapore Logistics Association LILY UNI MALI IVKSa VOY [Ttt ft* EU f. KLANG STORE MALE Empress Lily VO7OO 27/08 29/06 05/09 Princess lily VO6OO 13/09 15/09 23/09 Empress
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    • 880 38 ■IA«MAC-NELS S;PORE to'SIA v*TW: Ml COUTH LMES, MC p.quoang.-far)wum UvvJ wmttmnmn mania (nqmjmm K2K£2?!22rr »*BAHQ:Waa«»77 JKT: gl) W0046 ICUCIMO |DPI) MIUI-3 MAWZAWILLO IMEXICQI MV "SCANDIA" V.2902E ETA SIN: 30-8-2000 BARCELONA MV "VlllE Di JUPITER" V.MW-338 ETA SIN: 24-8-2000 POWOOKIIWt, KS CALL: *****22 W NEW GUINEA PACIFIC UNI MIL PN6/SI/AUS I
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    • 604 40 PACIFIC INTERNATIONAL UNES (PTE) LTD ""N iSJSSSm 140 Cecil Street, #03-00 PIL Bidding, Singapore *****0. CR NO: **********0E 1 m m m m m rw lM I lifl T ,7, ia ,rc j ti/i I w/»- i/i S7» itfili/i I ia/t I I an mi wic wsw m w nt
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    • 53 45 New Advertisers/Services/Agencies NORTH W CHINA SERVICE See Paft 5 Daily COSTAR SHIPPING PTE LTD FREMANTLE COCOS CHRISTMAS ISLAND WESTERN AUSTRALIA Turn to Pag« 8 Daily I ,*ss£rsl ASSETS SHIPOWNERS > MANAGERS PTE UP YANGON See Page 14 EAGLE CORPN. (PTE) LTD JAMIPORISS TURN TO Pag« 7 on HTL NAIGAI TRANS
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    • 36 46 iSfllh SINOKOR MERCHANT BfeSj IHftftlHF fff LTD ■gfisjfflßa >m»-3niw/n«/wii tom-afam en™ e*»b«>i«r FARWIDE SNIPPING AGENCIES PTE LTD EXPORT M; 271-MIJ (S Ums) tat: 274-1 $14 CT: CHOYANG ML POtT KIAN6 USH: UISAH PUS: PUSAM KWT: KWAHGTAWC
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  • Page 47 Advertisements
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  • Page 48 Advertisements
    • 578 48 I VESSEL VOY SIN MAA SIN TIGER STAR 826N 18-1908 24-27/08 01-02AJ9 TIGER RHYTHM 827N 22-23/08 28-3108 0506/09 TIGER BRIDGE 828N 31-0309 *****9 TIGER METRO 829N 29-3008 *****9 12-1309 TIGER STAR 830N *****9 07-1009 15-1609 TIGER RHYTHM 831N 05-0609 11-1409 19-2009 I VESSEL VOY SIN CAL SIN TIGER OCEAN 445CN8
      578 words
    • 1010 48 FREIGHT LINKS EXPRESS Tel: *****11 Fax: *****77 E-mail: ftosin9singnat.com.sg DIRECT CONSOLIDATION SERVICE TO OSAKA/NAGOYA -LAEM CHA BANG •LAE/PORT MORESBY PASIR GUDANG -CEBU -ADELAIDE/BRISBANE TAICHUNG/KAOHSIUNG SHANGHAI/XING ANG *MAHE •INCHON HAIPHONG/PHNOM PENH *YANGON •SEMARANG/BELAWAN 'SUVA/NOUMEA MALTA FOR BOOKING: *****51/3/6/60/61/62/67/68/69/79 PROJECT SHIPMENT HEAVYUFT CARGO Lawrence Lim *****78 lawrenceGflesin.com.sg WAREHOUSING LOGISTIC SERVICES ENQUIRY CONTACT:
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    • 994 48 M w iUKf SEP IS 01 Ml IK HOU I (OOOfd MBt WTC HOU 00 IB OOamrOKOTESB MPT 01/09 04/09 07/09 07/W 04/09 I 00Q JAM4MS3O 25/07 24/07 27/07 J«A)7 02/01 JO/W OOCL lATAN 44E534 23/00 01/09 13/09 14/09 14/09 13/09 00Q NOWUIOS 21W531 01/W 02/00 03/01 04/01 09/W 27/00
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    • 82 48 REGULAR SERVICE TO INDONESIA ETA ETD DESTMATION CHAHAYASTAR 17« 2008 PORT KLAN&PASIR GUQAN&'JAKARTA CHAHAYA VICTORY 17XX 1&06 JAKARTA/SURABAYA TBN iaoe 21/06 PALEMBAN&TO*mANA»CMEDAN PANGKAL BALAM (EAST TIMOR) REGULAR SERVICE EX YAHGQN JUBILANT 18/08 22/08 VISAK/CALCUTTA/YANGON REGULAR DIRECT CONTAINER BREAKBUuTI SERVICE TO PORT LOUIS 4 DURBAN EXPORT VOY SIN PTL DBN ALS
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  • Page 49 Miscellaneous
    • 135 49 HBT Hf X robfe tißfe :afe- 4 LEGEND: Issued by Meteorological Service Singapore K Thunderstorm A Showers X\ Rain emperature C (J Wind direction and speed in knots Cloudy Day Wea,her Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds 5,1
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