The Business Times, 22 August 2000

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Total Pages: 46
1 46 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 035/12/1999 85« SINGAPORE Internet: htip://business-times.asial .com.sg/^ TUESDAY, AUGUST 22, 2000
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  • 73 1 □sn vmjm (+15.17) BT43U ma (+6.88) Jlstdtoexfuttoes U VMM (+15.00) PV SDESCIFUTUBEB U 2MJO (+2.90) STOCK MABKET INDICES Monday Change ELSE COUP 809.49 -10JI NIKKEI S» I6J40.18 J40J1 HAND SENG 17J0L48 41.48 SET INDEX ***** -656 JAKARTA COMP ***** +310 MANILA OOMP _1,***** -1182 TAIPEI WPI 8&W +48L81
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  • 76 1 POBEX KATES US$ SI OSS 1.717 £<USS/SSper£) 1.491 1560 EURO(USS/S$/E) 0J06 lj« DM 1162 1569 YEN 107.9 6190 RM 1800 1214 HKS 7.799 4.544 BART 4183 2178 RUPfAH 8125 4,791 *SS to 100 units PRIME BATES SINGAPORE* 5.80 KI'ALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK .9.50 MANILA 11.00 HONGKONG 8.50
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  • 637 1  -  Li Ka-shing company negotiating for 30% stake in Westport, sources say From Eddie Toh in Kuala Lumpur HONGKONG tycoon Li Ka-shing's Hutchison Whampoa looks set to become the second major foreign investor to partially own a Malaysian port, this time in Klang. The
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  • 596 1  -  exclusive S6Z not moving into new building, say sources, and may have to sell its space ahead of listing By Lee Han Shih [SINGAPORE] The Singapore Exchange has decided not to move into the Singapore Exchange Centre that it is jointly developing with
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  • 611 1  -  exclusive Candidates inclnde property portals, Net security firms By Toh Han Shih [SINGAPORE] Pacific Century CyberWorks (PCCW), the Internet and telecoms conglomerate controlled by Hongkong tycoon Richard Li, is targetting investments in Singapore dotcoms. "We are seriously looking at investing in a handful
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  • Page 1 Advertisements
    • 176 1 DBBPB Top Stories New set of standards to govern insurance sales will come into effect in phases next year. Next Page m The best golf can offer. Pg 22 BT Comment Kenneth James on creating insurgents within incumbents. Pg 11 Lee Nan Shin on the dismal prospects for hotel. Pig
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    • 32 1 Maersk PSA may be hurt only in short-term: analysts Port Klang's Westport j suffers drop in throughput Li initially reluctant to buy HKT, Next Page The S*porean who makes good, Next Page
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  • NEXT page
    • 638 2  -  Needs analysis, commission disclosure among measures planned Reports by Genevieve Cua [SINGAPORE] A new set of standards to govern insurance sales will come into effect in phases next year, starting with the implementation of a financial status and needs assessment for
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    • 176 2 a comprehensive, objective, forward looking report. It will help raise standards in the life insurance industry. Policyholders will benefit through more information and choice, better advice and products that best suit their individual needs and circumstances.' Deputy Prime Minister Lee Hsien Loong in a letter to the
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    • 331 2 [SINGAPORE] The new standards and disclosure requirements to take effect in the insurance industry should also apply—"suitably modified" to the distribution of other financial products like unit trusts, said the Monetary Authority of Singapore. In a statement yesterday, the MAS said it
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    • 309 2  -  nana Reports by Toh Han Shih A YOUNG Singaporean is spearheading Hongkong cyber-tycoon Richard Li's global investment push. Johnson Chen, 27, is managing director of CyberWorks Ventures, the investment arm of Mr Li's Pacific Century CyberWorks. Since it started operations in August last
      CHRIS LOH  -  309 words
    • 299 2 exclusive It was his subordinates who persuaded him, says CWV MD [SINGAPORE] Pacific Century CyberWorks (PCCW) chairman Richard Li was initially reluctant to buy Cable Wireless HKT (HKT), but his subordinates persuaded him to do so, Johnson Chen, managing director of CyberWorks Ventures (CWV),
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    • ON THE grapevine
      • 101 2 10. You get hit even when you are 6 bids away 9. Your broker calls to ask if you have scrip for your sales 8. Ham is an important time for you 7. Buy-in is one word and not two 0. You
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      • 63 2 Propertybuyer.com, an Internet property firm currently owned by listed Acma, has interesting titles for its executives. For example, Sonny Lim, a former presenter of the TV talk show In Conversation, bears the title of "investomer". An investomer is somebody who seeks customers and keeps them. Another
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  • Page 2 Advertisements
    • 281 2 Jj. The University of Hull "Ranked Among UK's First Division Universities,' 99" Information "11 jTT\ A Genera' tSauion /I BB A Strategic M— V I ¥ib\ Rnance njtllia TMpjn. X f X-EJxA.lia«el&louiiwn jt i UNIVERSITY OF SOUTH AUSTRALIA "Ranked Among Australia's Best Universities" PhD 9 MA/BA Doctor of Philosophy in
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  • SINGAPORE companies
    • 379 3  -  Rise could be due to cancellation of unmatched sell orders on some index stocks By Ven Sreenivasan THE Singapore Exchange's new pre-close routine helped boost the Straits Times Index about 14 points yesterday. The STI ended the session at 2,186.46 points at
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    • 302 3  -  Dividend and transparency issues top agenda By Tay Hong Seng DIRECTORS of computer equipment group CSA will tell shareholders today why the company hasn't paid dividends for two years and whether there has been a disclosure problem since it was taken over by
      SIEW YAW HOONG  -  302 words
    • 314 3  -  The project is expected to take 5 years to complete By Andrea Tan A CONSORTIUM which includes Econ International has bagged a US$l.l billion (Ssl.9 billion) light rail project in South Korea, beating a Hyundai-led bid. The project will
      ARTHUR LEE  -  314 words
    • 842 3  -  I! Unlock siew paul thompson EFFORTS to encourage banks and financial institutions to disclose more, especially information about their exposure to derivatives and other risks, are gaining momentum around the world. On July 25, the European Commission recommended that annual accounts of institutions
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    • 452 4  -  Strategy of building new earning streams pays off; total revenue np 22% From Surinder Singh in Sydney A STRATEGY of building new earning streams has paid off for Thakral Holdings Limited (THL), which yesterday announced an af-ter-tax profit of As 42 million
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    • 242 4  -  Deal which is subject to regulatory and corporate approval was sealed on Friday Reports by Teh Hooi Ling SINGAPORE government investment vehicle GIC Special Investments has agreed to buy a 16 per cent stake in messaging and Internet services company Easy
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    • 163 4 SINGAPORE Telecommunications is raising its stake in a Taiwan fixed phone line venture to 24.3 per cent from 18 per cent. As a result, its investment in New Century Infocomm Co will increase to $629 million, from $378 million. Sing Tel
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    • 338 4  -  TmdjLctmdevekpsnew technology for whi ill By Marissa Chew DOOR and ftirniture supplier KLW Holdings expects its part-owned Internet company Trevda.com to poet $4 million turnover in its first 12 months and start running at a profit in its second year.
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    • 305 4 MEDIARING.COM and the Singapore Exchange (SGX) both said yesterday that there was no investigation into the trading of the company's shares, contrary to a report in the Asian Wall Street Journal (AWSJ). The AWSJ reported yesterday that the SGX was investigating trading
      Source: Reuters  -  305 words
    • COMPANYBriefs
      • 106 4 CONSTRUCTION firm Chip Eng Seng said yesterday its interim profit shrank 13 per cent to $4.18 million, from $4.82 million a year earlier. Turnover fell 34.6 per cent to $72.61 million. The company blamed intense competition and a drop in construction activity. It said
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      • 78 4 SING Investments and Finance has reported a 52 per cent jump in interim profit to $3J23 million. Operating revenue for the six months to June 30 roee 18 per cent to $15 million, while earnings per share rose from 6.46 cents from 4.25 cents. Net
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      • 95 4 TRANSPAC Industrial Holdings hoisted profit 92 per cent to $16.37 million in the six months to June 30. Investment income surged to $15.81 million, from $596,000 a year earlier. The group, which runs a venture capital fond, said income rose 56 par cent to $2 22
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      • 71 4 MMI Holdings will buy a 78.1 per cent stake in printed circuit board (PCB) contract assembler Innovalue Electronics Singapore for $2.94 million. The acquisition is part of MMl's plan to diversify its earnings stream away from hard disk manufacturing. It expects the deal to
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      • 98 4 YONGNAM Holdings will place out 20 million new shares at 40 cents each to unnamed investors to raise about $7.9 million net. The placement constitutes about 12 per cent of the engineering and construction firm's issued share capital. Of the placement prooeeds, $3 million will
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    • 764 7  -  This is the right time for SGX to market itself in China, says Shanghai exchange consultant By Tay Hong Seng THE Singapore Exchange is fast losing its importance as a major stock exchange in the region and to help redress
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    • 239 7 Bloomberg [HONGKONG! DBS Group Holdings Ltd and Indosuez W I Carr Securities Ltd denied media reports Singapore's biggest lender is trying to buy the Hongkong-based brokerage unit of Credit Agricole Indosuez. Hong Kong Economic Times and Ming Pao Daily earlier reported DBS is in talks
      Bloomberg  -  239 words
    • 718 7 Chase is likely to narrow shortlist within days, decide on winner in early Sept Bloomberg [HONGKONG] Oversea-Chinese Banking Corp (OCBC) and Standard Chartered Pic (Stanchart) have emerged as the frontrunners in a bidding war for Chase Manhattan Corp's Hongkong retail
      Bloomberg  -  718 words
    • 211 7 Appointment will boost the company's presence there CHARTERED Semiconductor Manufacturing has appointed Allan Hughes its president for the Europe region, boosting its presence in the continent. In his newly-created posts, Mr Hughes will oversee all European activities, including marketing, customer service and
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    • 219 7  -  S6X SAP CNX Nifty Index contract will be a market-cap weighted index of 50 stocks By Serena Ng THE Singapore Exchange (SGX) Derivatives Trading will launch an Indian stock index futures contract on Sept 25. The SGX S&P CNX Nifty Index contract
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  • Page 3 Advertisements
    • 39 3 I 5 II he II w tie? mw Using the global resources of leading news services, Star Hub iPower gives you the power to stay up to date anywhere, anytime. Call 1800-STARHUB (1800-782 7482) or visit www.starhub.com.sg today. SbCirHub
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    • 147 3 SEC casts information disclosure net wider, Pg 22 /S 11 s 7 AAA v I 11 A 1 I I vjr Tlr v I ISJ S i Thailand invites you to have your next tee-off at some of the world s finest golf clubs. Surrounded by breathtaking landscape and sceneries,
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  • Page 4 Advertisements
    • 685 4 r Penguin Boat International Limited (Incorporated in me Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Members of the Company will be held at 18, Tuas Basin Link, Singapore *****4 on 8 September 2000 at 10 a.m. for the
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    • 155 4 storing f} ill the Jaramryiooi finaVcfiU a£tt^Jh by Macquarie University, Australia ?l a2-year part-time course featuring: ll ffexible ana Established in 1964, Macquarie University is distinguished by its macquarie h '9 h academic standards, an impressive research record, and a u-.»«..T»-.YO«r commitment to excellence. Macquarie is highly regarded in many
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  • Page 5 Advertisements
    • 184 5 III! Do. i i I I n\! N I UU \t i\l)\ eg* ,^r- ££i^*P& 1 1 -J§F •c 7 X :ISPV o I— >< FUJI XEROX. MAKING OUR MARK AT THE OLYMPIC GAMES. One of the fastest participants at the Olympic Games is not an athlete within t pr.
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  • SINGAPORE markets
    • 474 6 Stock* Volume K1 Ventures 10c 17,701,000 FTechOrp 4c...... 11,806,000 Brieriey NZ10c 9,553,000 NewWave 5c 8,606,000 ReedGrp5c 8230,000 Econ Intt 20c 7,765,000 Liang Huat 10c 7,289.000 TanChonglntSOc. 7.119,000 NatEleclOc 7,006,000 TTInt15c 6,976,000 9locl» Nat Dec 10c 40,501,882 SPH *****,044 PaoficCentury 25,377,400 Chart Semiconductor 26c 24,801,079 DBSGtp 19,789,802 ST Assembly 25c 19,056,495
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    • 526 6  -  I-iri comment STOCKS ven sreenivasan THE Singapore stock market started the week on a tentative note, with sentiment turning cautious ahead of tonight's Federal Open Market Committee meeting in the US. But a new pre-close routine helped lift the Straits
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    • 325 6  -  l i comment CURRENCIES larry wee STRONGER-than-expected macro numbers from Tokyo yesterday morning helped lift Asian currencies against the US dollar, but indirectly piled more pressure on the euro. Japan's Ministry of Trade and Industry said its all-industries index rose 1.4 per cent month-on-month
      Source: Reuters  -  325 words
    • 181 6  -  WARRANT WATCH By Ven Sreenivasan THE warrant issued by Guthrie GTS rose one cent or 10 per cent to 11 cents yesterday. A total of 349,000 units changed hands, a rather good figure for a generally illiquid instrument. The warrant, which expires in
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    • 225 6  -  HOT STOCK By Ven Sreenivasan THE stock of construction firm Econ International was actively traded yesterday as it rose three cents to 35 cents. A total of 7.8 million shares worth about $2.7 million changed hands. The technical charts suggest Econ has more
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    • 141 6 ♦ITE Electric Co will be holding their EGM at 1, Harrison Road, #064)1 ITE Electric Building on Sept 4 at 9.30 am. ♦LUNG Kee Metal will trade cum a 10 per cent final dividend per share of HKII.OO each tax exempt and a bonus issue of (me ordinary
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  • Page 6 Advertisements
    • 183 6 v y"^j%^The movers and shakers of ;«X j; *y. shipping are sailing into p5 Singapore in September for |f MARTECH 2000 -an International Conference and Exhibition on II mm "Shipping Trends in the $d %^->." New Millennium". And Shipping Times will be II running a Special Feature I i-r covering
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    • 48 6 I YOU CAN NOW PUT YOUR CPF SAVINCS IN EIGHT. important All applications tor units in eight must be made on the application forms accompanying the prospectus investors must read the pro.pectus The value or the units ana the income from them may fan as well as rise ►!<!
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  • Page 7 Advertisements
    • 433 7 XEMX M6TTJU. JMU 3321 CAMOM NP3OM/NMOM 31C0/3350/3401 NF3329/MP3»S/MM«3« to 400%, gives you wid* taribflitv in comma/ irrnnmnj ni Myjny i •peed faring other RBduce/Enlarga*^B^^Hßi^ uaafui features. A Zoom SO% -200% dc. INTHMIfS SHREDDER RICOH DUCTAL AHCtO Small. powerful shredder for home/offica 2N/411/9M UMIM f, ill u 1, nJ. CUwriy Kimf
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  • Page 8 Advertisements
    • 916 8 I^ 5 2 0o 0 (oft Forging a strong partnership over CPF savings for all workers partnership with employers essential in CPF si INTo employer would deny importance services to employers and help them meet -m jr business partnerships. Fewer still would go the needs of their employees. The Board
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  • Page 9 Advertisements
    • 852 9 ong partnership over 45 years ]PF savings for all workers BBSBSBHB with employers essential in CPF success fl| I improve its services to employers and help them meet f W&U looking into how IT can be further harnessed to bring More services coming your way its services to greater heights
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  • SINGAPORE news
    • 391 10  -  St&rfort will sign deal today to move I.2bcu mof sand from Rian to S'pore By Conrad Raj A SINGAPORE company has won the right to export $2.4 billion of sand from Indonesia a move it says will bring relief to
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    • 435 10  -  Trial will kick off in Q2 next year; more testing needed By Christopher Tan THE need for more testing has delayed a much-anticipat-ed start to the open bidding system for vehicle COEs by at least half a year. In announcing the postponement yesterday, the
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    • 269 10 16-storey office block was valued at $95m at end-1998 THE former DBS Securities Building at Malacca Street is up for sale in line with the bank's intention to divest its non-core assets and focus on its core banking and financial services. The 16-storey
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    • 347 10  -  I =J on the economy inflation By Anna Teo ANOTHER benign, below-trend inflation number of around one per cent is expected for July. Although rising wages and growing domestic consumption would have accentuated inflationary pressure, DBS Bank economists expect the July Consumer Price Index
      Source: CBC  -  347 words
    • 253 10 SOME members of the Lee family of OCBC are selling a 52,255 sq ft freehold plot in Katong, which agent CB Richard Ellis expects to fetch $29 million. The price tag for the property, which has dual access
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    • 293 10  -  By Eugene Low THE Central Provident Fund Board will be launching new services over the next few years, enabling employers to carry out more CPF transactions online. It will introduce a website for employers to enquire about CPF services. The website will
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  • Page 10 Advertisements
    • 197 10 j I lie N( \v I j xiis I Patlifiruler of the new econornij Set you i ow ii (k St 111,11 ion :i n(I elia rt vour own I'our.sc. Luxury .sed;in meets SI in tlie u 111 m.i t e in u 111-1; i sk i n <»" vell
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  • NATIONAL DAY rally
    • 808 11  -  i commentary PM Goh's challenge demands wrenching changes. Bnt do businesses have a choice? kenneth james IN his new book. Leading the Revolution, management guru Gary Hamel relates how Virgin Atlantic Airways flight attendant Ailsa Petchey hit on the idea of a one-stop wedding-planning service. What
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    • 501 11  -  They skirt issue of being insnrgents or incumbents By Marissa Chew COMPANIES yesterday welcomed Prime Minister Goh Chok Tong's announcement on Sunday that the government would pay for mothers to go on maternity leave to have their third child, taking the long-term
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  • Page 11 Advertisements
    • 162 11 STRONG MARKET-DRIVEN ENTREPRENEUR SME II Isn't it reassuring that we see you in a different light? With Keppel Tat Lee Finance, you never have to feel small. Talk to us. i 1 I- I C&JSI Tat Lee Finance B Stir up the interest of over 460,000 readers for as little
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  • MAIL bag
    • 367 12  -  Henry Pierson PERSONAL debt, government debt and the expanding stock market bubble have all but assured a major correction in the stock market followed by a sharp decline in the value of the US dollar. Long before Alan Greenspan first
      367 words
    • 350 12  -  Narayana Narayana I REFER to your article "The truth about 'buy* and 'sell' "(BT, Aug 11). Coming as it does from a research head. Yap Khek Heng's article finally gives the lay public an idea of the right seasoning they should add before taking
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    • 180 12  -  Denis Distant IT seems the costly effect of the Clob saga is going to last for years to come and will end only after investors sell off all their Clob holdings. When the "unfreezing" of the Clob shares was announced, the local brokerages actively
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    • 122 12  -  Ed Koh I REFER to your article "KepLand warrants: chickens coming home to roost" (BT, Aug 17) by Lee Han Shih. This article is very well written and we should see more of this type of critical analysis in BT. Speaking as a
      122 words
    • 224 12  -  Rachman Partadiharja I AM a proud native Indonesian who has lost faith in the Indonesian system of government and the people who run it. There has got to be a better way of governance. There is little chance for me to do anything
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    • 166 12  -  Richie Tjong I REFER to Lee Han Shih's article, "Office property boom may not last" (BT, Aug 15). I agree with his prediction that "once the Singapore economy starts a serious move into the New Economy, the situation is likely to reverse. When that
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  • Page 12 Advertisements
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    • 67 12 welcome fetter*s* E-matiusat ooener9Bpn.com.ag or fax us at *****71, or write to: The Business Times, Tknes House, 390Kim Seng Road, Singapore*****s. We need your Ml name, address and telephone number, so we can verify It came from you. Please use temperate language, and beer In /TfUXJ ffluOf lows. rrB reserve
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  • FOCUS property
    • 648 13  -  IU comment PROPERTY STB's Insistence on attracting 10 million visitors is HnMing back the conversion of superfluous hotels Into condos lee han shih SO Singapore is opening up for global competition. You can't tell it from looking at the hotels, though. It is hardly
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  • Page 13 Advertisements
    • 1070 13 ■Uanhe Zaohan Likely private residential launches afterQhost t Festival I Strategically located near International Business Park I Strata floor area of 13,000 sq ft per floor or up to a total of 1 158,000 sq ft. 1 Ample covered car park I Excellent corporate image I Near amenities and housing
      1,070 words
    • 175 13 TONG CHUAN MANSION 1873.5 sqm .mWWJfT j (20,166.35 sqft) |lpaß| •Plotßatioll/height liii "1 subject to evaluation EST 9 2 Within Marine Parade t> sub-regional Centre K n Minutes to beach Marine J Parade Road ECP good schools o a Tender closing date: fJ Sept 13,2000 (4 pm) K"■ f Realty
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  • EDITORIAL & opinion
    • 735 14  -  bottom line OPINION paul krugman The writer is a professor of economics at the Massachusetts Institute of Technology THERE was a word missing from A 1 Gore's acceptance speech last Thursday. Not once did he describe his opponent's plans as "risky". He still
      735 words
    • 158 14 'We will not become a nation of ear-chewing people just because Mike Tyson is stepping on to our shores.' -P Stakmnar a Malaysian businessman, who is trying to promote a boxing match with the former world heavyweight in the country. 'It's an art as well as a
      158 words
    • 572 14 EDITORIAL IN less than three weeks, Hongkongers will go to the polls for the third time in five years. In line with the provisions of the Basic Law —Hongkong's mini-constitution —they will elect representatives for 24 geographical constituencies, 30 functional constituencies and six election committee seats.
      572 words
    • 1124 14  -  Megawati faces big challenges in forming a new economic team and showing she can torn Indonesia aronnd By Shoeb Kagda The writer is BT's Jakarta correspondent AS the focus on Indonesia's domestic political landscape shifts from the just concluded session
      AFP  -  1,124 words
    • 874 14 Don't obstruct peace THE president of Egypt this weekend warned that any concessions over Jerusalem could make the region explode in a wave of Islamic violence But in the same interview (Egyptian leader Hosni) Mubarak says that if Arafat is asked to make a concession on
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  • MALAYSIA news
    • 432 15 SEOUL Strategy is to form a regional body to solve problem of non-performing loans Bloomberg KOREA'S bad-loan agency plans to sign a cooperation pact with its Malaysian counterpart, the latest in a series of arrangements that may result in a region-wide association to
      Bloomberg  -  432 words
    • MALAYSIABriefs
      • 126 15 AFX-Asia [KUALA LUMPUR] Telekom Malaysia lost 40 sen to RM10.90 on volume of 1.11 million shares in line with the broader market which fell 0.12 per cent yesterday. A brokerage report that Telekom's earnings could be affected by a possible 99 per cent drop
        AFX-Asia  -  126 words
      • 80 15 Bloomberg [KUALA LUMPUR] Plantation companies fell as their earnings are set to suffer from the decline in palm oil prices after India, the biggest consumer, cut its imports amid a glut of the cooking oil. Malaysia, the world's largest palm oil producer, also
        Bloomberg  -  80 words
    • 383 15 KUALA LUMPUR M'si&n carmaker denies report it's in talks with Rover on a USsl.sb joint project Bloomberg PERUSAHAAN Otomobil Nasional Bhd (Proton), Malaysia's biggest carmaker, said it is yet to make plans to tie up with any other carmaker to develop
      Bloomberg; FILE PHOTO  -  383 words
    • 128 15 KUALA LUMPUR Bernama HONG Leong Industries Bhd (HLIB) has returned to the black with an impressive performance recording a RM513.08 million (555.9 million) pre-tax profit for the financial year ended June 30, 2000, from a RM74.57 million loss in the previous year. This
      Bernama  -  128 words
    • 231 15 KUALA LUMPUR 2000 GDP growth pat at 8.6%, seen moderating to (L 2% in 2001 Reuters THE Malaysian economy is estimated to have expanded by 9.2 per cent year-on-year in the second quarter, according to a Reuters poll yesterday that forecasts
      Reuters  -  231 words
  • Page 15 Advertisements
    • 134 15 s 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 flight. Tn Callaway Golf's patented Variable Face Thickness Technology (VFTT) L* 9 0 A allows us to create a
      134 words
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  • SOUTH east asia
    • 451 16 JAKARTA New decree doesn't mention multimedia field as being closed to foreigners THE Indonesian government has revoked a recent ban on new foreign investors entering the domestic Internet sector. Investment and State Enterprise Minister Rozy Munir yesterday distributed a press release, shortly before
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    • 268 16 JAKARTA Pertamina will study various options for the plant ran by Erxon Mobil now Reuters INDONESIAN President Abdurrahman Wahid has ordered the Mines and Energy Ministry and state oil company Pertamina to review a giant gas project in the Natuna field operated by Exxon
      Reuters  -  268 words
    • Article, Illustration
      41 16 [BANGKOK] A worker in Bangkok yesterday cleaning a giant model a milk cow in front of a dairy shop. Dairy shops are popular meeting places among Thai students who go there after school for healthy beverages and snacks. AFP
      AFP  -  41 words
    • 433 16 ■BANGKOK Rising oil prices and weaker bah t taking their toll: economists Reuters THAI consumer confidence is faltering, undermined by a weakening baht and rising oil prices, and the country could fall short of its growth target of 5 per cent this year
      Reuters  -  433 words
    • 234 16 JAKARTA Reuters THE Indonesian Bank Restructuring Agency (Ibra) said yesterday it had sold a 6 per cent stake in the Hongkongbased blue-chip conglomerate First Pacific Co Ltd for US$5l.9 million (5589.3 million). An Ibra official told Reuters the stake had been sold through
      Reuters  -  234 words
    • NOTEBook
      • 99 16 Bloomberg [JAKARTA] PT Bank Universal, the lending arm of Indonesia's biggest carmaker PT Astra International, returned to profit in the first half of this year as interest expenses fell. The bank earned 21.8 billion rupiah (554.4 million) in the first six months of the year,
        Bloomberg  -  99 words
      • 67 16 Reuters [BANGKOK] Thailand's largest cellular phone operator, Advanced Info Service, yesterday said it plans to invest another US$l2O million (552G5.2 million) in 2000 to expand its cellular network, in addition to the US$2OO million already budgeted. Chief executive Somprasong Boonyachai said AIS would seek
        Reuters  -  67 words
      • 56 16 Bloomberg [MANILA] The Philippine government has increased the size of a sale of five-year privatisation bonds by 3 billion pesos (Ssl 14 million) to 8 billion pesos because of strong demand. Finance Secretary Jose Pardo said. The sale of the bonds, convertible into shares
        Bloomberg  -  56 words
      • 72 16 AFP [MANILA] The Philippine government has liquidated assets of the late dictator Ferdinand Marcos worth US$3O million (5551.3 million) held by a Panamanian firm and moved the proceeds into a Manila escrow account, President Joseph Estrada said yesterday. The money has been transferred to an
        AFP  -  72 words
  • Page 16 Advertisements
    • 235 16 3°^, (6 months' tenure, SS3OOO min. deposit) The good news is, finatiQ's fixed deposit rate is higher than most out there. The great news is, it can get even higher. (As a matter of fact, the money pooled from the Ist 14th August will earn 3.08%, from 15 August.) Thanks
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  • e-NEWS
    • 418 17 TOKYO Its share price falls 9% ahead of its profit downgrade Reuters JAPANESE Internet investor Hikari Tsushin Inc suffered a beating on the Tokyo stock yesterday ahead of a profit downgrade, further eroding confidence in what was once a leading Japanese Internet stock. Hikari, also
      Reuters  -  418 words
    • 391 17 WASHINGTON AP Bloomberg A MAJORITY of US Internet users fear companies can obtain their personal data without permission and 86 per cent of users want policies that let them decide if such information is disclosed, a survey showed. The Pew Internet American
      AP; Bloomberg  -  391 words
    • 198 17 HONGKONG Reuters CHINA Mobile (Hong Kong) Ltd plans to issue new shares and convertible bonds to raise US$lO billion (5517.2 billion) to finance its purchase of networks in China from its parent company, a newspaper reported yesterday. Citing unidentified sources,
      Reuters  -  198 words
    • 59 17 [FREMONT, California] Guerrino De Luca, president and CEO of Logitech, holding up two new mouses as he stands next to 12 others the company is currently selling. On left is the new iFeel Mouse and on right is the iFeel Mouse Man, which has a motor that
      AP  -  59 words
    • 487 17 SAN JOSE, California Company plans to reclaim spotlight with speedier chips, products for wireless devices Bloomberg INTEL Corp plans to exhibit its powerful Pentium 4 this week and to unveil both a new processor for wireless devices and faster chips for server computers.
      Bloomberg  -  487 words
    • 428 18 LONDON German telco has to show it can rebuild balance sheet and Brit Tel most revamp Bloomberg THE credit ratings of Deutsche Telekom and British Telecommunications may be cut below A- to the 888 category, said Duncan WarwickChampion, head of European phone
      Bloomberg; REUTERS  -  428 words
    • 417 18 BEIJING Money's for new chip-making complex in existing plant Reuters US telecommunications giant Motorola Inc has won China's approval to invest US$l.9 billion (553.3 billion) in a massive new chip-making complex and in its existing telecoms plant in the port city of Tianjin. The investment
      Reuters  -  417 words
    • 772 18 AUSTIN, Texas Dot-com disasters hit New Economy town Austin NYT SHERRILL Shaw returned to his hometown of Randleman, North Carolina, in 1956 after serving in the air force and took over his father's business, Shaw Furniture Galleries. He ran it
      NYT  -  772 words
  • Page 17 Advertisements
    • 189 17 SIEMENS Combining 2nd generation Internet with the latest mobile solutions plus the latest e-business solutions, equals state of the art networks, devices and services, all from the same source. Worldwide only Siemens can make it all add up. See how your business can profit at www siemens com/mobile-business P l
      189 words

  • Page 18 Advertisements
    • 104 18 Married couples j abort 8,400 They say career m < comes first; the flat m ready; we don't 9 have enough and the gruesome abortion video they have to see seldom as flk SL the Bonus help? H paper log to fcyeball.asial C'f' I think. Drop *\r\ s r -y*
      104 words

  • EAST asia
    • 464 19 TAIPEI Banks can open representative offices, not fall branches, there Bloomberg AFP TAIWAN'S Mainland Affairs Council (MAC), which formulates the island's policy on China, backed a finance ministry proposal to let Taiwanese banks open representative offices in Mainland China. The decision comes
      Bloomberg; AFP; FILE PHOTO  -  464 words
    • 251 19 HONGKONG System operates smoothly, will gain popularity; HSBC Bloomberg HSBC Holdings Pic, which owns Hongkong's two largest banks, said the territory's new US dollar clearing system had a total turnover of US$B7O million (Ssl.s billion) in its first day of operation. The system
      Bloomberg  -  251 words
    • 382 19  -  Mm will beect investment bank's presence in regien From Quak Hiang Whai in Hongkong FORMER Jardine Matheson taipcm Alasdair Morrison will become chairman of Morgan Stanley Dean Witter Asia —an appointment made to boost the investment bank's presence in Asia. Mr Morrison, who
      382 words
    • 305 19 HONGKONG Reuters DEFLATION in Hongkong improved significantly in July, with the composite consumer price index (CPI) down only 3.2 per cent year-on-year compared to a 4.5 per cent fall in June. Five economists polled by Reuters had expected an average 3.4 per
      Reuters  -  305 words
  • Page 19 Advertisements
    • 228 19 SONY. CMD-Z5 Navigate Communicate mJt ADVANCED 5-WAY JOG DIAL *|jjP|\ Empower yourself with a revolution in mobile menu navigation: A 5-Dimension log Dial that scrolls up, down, forward jms "v fe *1 V and back. Enabling a more convenient and speedier one-handed navigation to your mobile options. jS .ij Ife
      228 words

  • WORLD news
    • 620 20 TOKYO Fignres raise hopes that the economy is on course for continued recovery Reuters JAPAN buzzed with economic activity from April to June, raising hopes the reces-sion-weary economy is on course for continued recovery, key government data showed yesterday. "We cannot make direct
      Reuters  -  620 words
    • WORLDWatch
      • 69 20 AFP [TORONTO] Telus Corporation yesterday announced it was offering C 56.6 billion (517.7 billion) in cash and stock for rival Clearnet Communications to create Canada's largest mobile telephone company. According to a Telus news release, the offer is assured of acceptance because of what
        AFP  -  69 words
      • 49 20 Bloomberg [SYDNEY] HIH Insurance Ltd, Australia's second biggest general insurer, said it's in "formal negotiations" to sell its Australian general insurance business. The company said it's pursuing a range of proposals including formal negotiations to sell its Australian home and motor insurance business.—Bloomberg
        Bloomberg  -  49 words
      • 71 20 Reuters [TOKYO] Japanese chipmaker Toshiba Corp yesterday doubled its forecast for operating profit in the chip sector to 130 billion yen (Ss2.l billion) as the IT boom lifted demand for chips used in mobile phones and personal computers. The group overall expects a 135
        Reuters  -  71 words
      • 55 20 Bloomberg [BIEL, Switzerland] Swatch Group, the world's largest watchmaker, said first-half profit more than doubled on higher demand for its luxury timepieces and quartz products for the telecoms industry. Net income rose to 300 million Swiss francs (*****.6 million) from SFrl39 million in the
        Bloomberg  -  55 words
    • 234 20 ■SYDNEY Bloomberg AUSTRALIA'S economy will slow "considerably" next year, economic forecaster BIS Shrapnel said in its latest Long-Term Economic Forecast 2000-2015. It dismisses suggestions that Australia has entered a "golden age" of economic growth and low inflation, saying the effect of economic booms
      Bloomberg  -  234 words
    • 74 20 [ROME] Municipal workers recovering coins thrown into the Trevi Fountain in central Rome yesterday. The past week was a particularly lucrative one for the Town Hall with the visit of over two million youths from all over the world to attend the
      AFP  -  74 words
    • 272 20 New York LTCM fonnder has made net returns of 6.72% for investors FT TWO years after the near collapse of Long Term Capital Management raised fears of a broader Wall Street disaster, John Meriwether, its founder, is struggling to raise money for
      FT  -  272 words
    • 374 20  -  From D Ravi Kanth in Geneva A UNITED Nations panel has indicted the World Trade Organisation (WTO) for its failure to respect human rights in its implementation of the trade-related intellectual property rights (Trips) agreement. This, it
      374 words
    • 306 20 SEOUL Bloomberg SOUTH Korea's economic growth slackened in the second quarter as companies and consumers spent less, the central bank governor said. Gross domestic product grew 9.6 per cent from a year ago. Bank of Korea governor Chon Choi Hwan
      Bloomberg  -  306 words
    • 510 22 NEW YORK Regulation FD coincides with rising use of Internet to reach ont to investors FT A LITTLE information can be a dangerous thing, particularly when it leaks into the capital markets. That is one reason why the Securities and Exchange Commission has just
      FT  -  510 words
    • 232 22 NEW YORK Reuters THE management of Seagram Co's liquor and wine business is likely to be among the bidders when the operations are auctioned off by Seagram's acquirer, Vivendi, the Wall Street Journal reported yesterday. The management, led by Steven Kalagher, president and chief
      Reuters  -  232 words
    • 1012 22  -  By Michael Wilbon LAT-WP THE exhilaration seemed to come back just talking about the round, reliving his shots and Bob May's, revelling in the back-and-forth. the pressure, the yelling from a gallery turned delirious by the tension. As brilliantly as Tiger Woods has played these
      LAT-WP; AP  -  1,012 words
  • Page 20 Advertisements
    • 82 20 THE I FINANCIAL TRAINING I COMPANY I CFA PRESENTATION EVENING > Find out about the Chartered Financial Analyst (CFA) qualification the courses offered by To reserve a seat, please call 733 1877 or email: l.kwa@financial-training.com.sg FIRST COURSE —i CFA INTRODUCTORY COURSES \STARTINGON (Pre Level U N^^sept^/ Designed to give candidates
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    • 239 20 This is to inform that w.e.f. 11 August 2000 Mr Freddie Lai Bee Hoe, NRIC No. *****42J is no longer associated with PETER LAI JEWELLERY PTE LTD and its group of companies and is therefore no longer authorised to transact any business on their behalf. IN THE MATTER OF THE
      239 words
    • 195 20 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF JARDINE FLEMING MANAGEMENT SERVICES (SINGAPORE) PTE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Componies Act, Cop 50, that a Final Meeting of the Members
      195 words
    • 98 20 1 ■n Since 1975 our worldwide staff of over 275 multi-disciplined professionals > r f «j including lawyers, chartered accountants Iff A K chartered secretaries and bankers have i provided confidential and cost effective A a*L t company formation in all the major low gm 'SsS? r tax areas including:
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  • Page 21 Advertisements
    • 100 21 to car have a clean -feP" i i V "'C- tfe? i.J^fSf.'i: rH-; v^ tw ii/^ :'i v>* ;-^-H^M>- S^@|@|^B|^sS^e^w-% -^4^^^fo^:~W v >i -r-: •<• .'.t•/,. v^? .;<? ;•.;:>-^^> s &^^^^mS^SSlmSß^^^SS^^S^Bmf''- -r? ..>2-'- i < *3§*y® !k -r •^ajp' /"■*s *fsp 1 > ■*;..r£\\n 4 ,V v "~V- f£* r
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  • Page 22 Advertisements
    • 1304 22 ML HAI SUN HUP GROUP LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-second Annual General Meeting of the Company will be held at the East India Room, Raffles Hotel, 1 Beach Road, Singapore *****3 on Thursday, 7 September 2000
      1,304 words

  • FINANCE & commodities
    • 309 23  -  SOX Derivatives TraAln&Reports STlndex/MSCISTpore Index Chan Yet San Rtfco (Singapore) Pte Ltd THE Singapore stock market closed just marginally higher on a quiet day. The Straits Times Index gained 15.17 points or 0.69 per cent to end at 2,200.69 points. Within the index, 23
      309 words
    • 242 23  -  MSCI Taiwan Index Chan Yet San Rtfco Singapore THE Taiwan stock market hit its highest closing level in a month yesterday. The MSCI Taiwan Index gained 0.78 point or 0.21 per cent to end at 363.55 points. A total of 698.57 million index
      242 words
    • 190 23 ENERGY REPORT Reuters [LONDON] Oil markets handed more good news to reve-nue-hungry Opec exporters yesterday, strengthening on jitters about US heating oU stocks ahead of a northern hemisphere's winter demand surge. London Brent futures were 36 cents or 1 per cent stronger at US$3O.BO
      Reuters  -  190 words
    • 321 23 Reuters London THE yen was bolstered across the board after stronger-than-expected Japanese data yesterday. This hit the frail euro the hardest. Traders said a decline in euro/yen to 1-1/2-week lows earlier in the day had hit euro/dollar, dragging the single currency to one-week lows just above the key
      Reuters  -  321 words
    • Article, Illustration
      1070 23 nrrnBAMKotoMmATBg Aua2 W tw ftr f m Vm mm ut mm* n» hi— ST m n« n— US$ gf 0470 «g «n 1275 4599 26.923 48.499 0436 6571 2541 1506 ********** LOQ 4.091 UW *323 ***** 0J95 0.590 ST 1 n*2 a aa 1466 5289 *>.*2 55.774 0.732 7557 2577
      1,070 words
    • 1504 23 MOOM FUTUMBS Aug 21 MMCK (Mm daski« at SJOps) BSICOHTMCTQcMis/kD CM Mm 0am Mwtt t— Srtt ft—m) man* Sa»00 5L75 Oct 00 T1325 *0* 00 MSO OpcOO W.75 RSS3C0NTKACT(UScMb/kq) Mm OW Moutt H» Lw Wt (Mm) MmSi S 00 M00 IS 00 64.75 6450 6525 900 3390 Nw00 66l50 1400
      1,504 words

  • Page 24 Advertisements
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  • Page 25 Advertisements
    • 108 25 HITACHI Inspire the Next \T jp Jk fcl»' f*« ft II jg Your business with Hitachi >ISP I*? 3 tip t»r t, h t~:f I e through the Internet, resource and payroll, 2) core operation support for without having to invest in costly in-house software of a subscription fee manufacturing
      108 words

  • STOCKS east asia
    • 2852 26 HONGKONG AFP fl Hang Seng +6L48 HONGKONG shares rose 0.4 per cent yesterday on futuresled buying and amid optimism that interest rates will remain steady, dealers said. The key Hang Seng index gained 61.48 points yesterday to close at 17,501.48 points,
      AFP  -  2,852 words
    • 2005 26 TOKYO AFP Q Nikkei 225 -***** TOKYO share prices fell 1.5 per cent yesterday as investors took profits on hightech and telecoms issues in thin trading, brokers said. The Tokyo Stock Exchange's benchmark Nikkei-225 index closed 240.31 points lower at 16,040.18 points. Corporate
      AFP  -  2,005 words
    • Article, Illustration
      980 26 Reuters Shenzhen B Index +&82 CHINA'S B shares closed sharply higher yesterday, pushed up by a buying spree triggered by news that domestic brokerages planned new computerised services for the hard currency market, brokers said. Strong interim earnings reported by some B share firms also helped fuel the surge.
      Reuters; Source: Credit Ly le Securities (Asia) Ltd  -  980 words
    • 374 26 AFP QWP Index +4&81 TAIWAN share prices closed 0.6 per cent higher yesterday on buying of technology stocks, due to positive sentiment surrounding the sector's outlook, dealers said. The Taiwan Stock Exchange weighted price index gained 48.81 points to 8,257.88 points, on a turnover of NT5111.39 billion. Risers led
      AFP  -  374 words
  • Page 26 Advertisements

  • STOCKS klse
    • 458 27 AFP Q Composite Index -10J9 MALAYSIAN shares ended 1.2 per cent lower yesterday with selling of blue chip stocks in a quiet market, dealers said. The Kuala Lumpur Stock Exchange composite index fell 10.19 points to finish at 809.40 points. The second
      AFP  -  458 words
    • 9182 27 INDUSTRIALS Coitsumor products 2000 Last Vol Day Net Cap High Low Company Sale 'OOO High Lw P/I Jmu 420 310 Ajinomoto 370 30 9 370 360 20.2 150.0 158 62 Anqkasa 67 -I 9 68 66 98 8 670 290 Apollo Food Hlg 468 4 2 468 466 10 2
      9,182 words
  • Page 27 Advertisements

  • SGX clob & regional stocks
    • 3140 28 BONDS A WARRANTS Aug 21 W% ■nls tnmj ti$ky it-Wmft Lai Val Oay UillMli lima Can taw Mac Mtka M* Las j Ma «ar- 0001 W«* La» hf Mfc Mm (await*! Mia Prtca <%| lim UN 51.5 12.5 Acma W*****4 14.5 unch 108 15.5 14.5 14 14.5 15 41.0 1
      3,140 words
    • 315 28 AFP □Composite Index -5.74 SOUTH Korean share prices fell 0.8 per cent yesterday with the Composite Index down 5.74 points at 722.58. Volume was 225.6 million shares. AFP A* 21 «ee Anem Semi ***** -250 Br on Tech 870 unch Central Bank 60S -20 Cheil Comm *****0 -6000 Dee
      AFP  -  315 words
    • 292 28 AFP Q Composite Index -1&82 PHILIPPINE stock prices fell 0.9 per cent yesterday due to the prolonged hostage crisis in the south. The Philippine Stock Exchange Composite Index lost 13.82 points to close at 1,492.75 points. Volume fell to 365 million shares worth 542 million pesos.—AFP A««2I Nm 000)
      AFP  -  292 words
    • 276 28 AFP Pmbe-m -l&W NEW Zealand stocks fell 0.9 per cent yesterday with the focus on Fletcher Challenge Energy after Shell Exploration Co asked for regulatory approval to buy the company out. The NZSE-40 Capital Index closed down 18.16 points at 2,106.97 with turnover worth NZ$l25 million. AFP Mil tt$
      AFP  -  276 words
    • 560 28 AFP PAllOrfaariM -4A THE Australian stock market closed 0.1 per cent lower yesterday after falls in market giants News Corp and Telstra, brokers said. The benchmark All Ordinaries index finished 4.6 points down at 3,298.9 points while the SP/ASX 200 was down 5.3 points at 3,338.9 points. National turnover
      AFP  -  560 words
    • Article, Illustration
      764 28 AFP Q SET fata -mt THAI shares fell 2.1 per cent yesterday with selling across the board caused by caution ahead of the US Federal Reserve's meeting on interest rates today, dealers said. The Stock Exchange of Thailand (SET) composite index fell 6.56 points to finish at 312.66 points
      AFP  -  764 words
    • Article, Illustration
      698 28 AFP Q Composite Index +3.20 INDONESIAN share prices rose 0.6 per cent yesterday led by select blue chips but market sentiment was undermined by uncertainties ahead of the Cabinet reshuffle expected later this week, dealers said. The Jakarta Stock Exchange Composite Index closed up 3.20 points to 497.39 points,
      AFP  -  698 words
  • Page 28 Advertisements

  • 9638 29 SOXMAMBOARD Transaction date: Aug 21 91-W* LMt V.I Day La at Quote D?v 04v YM NM Cm Am L— C«wnwy COOO) Mmi Lw *iy4r tlhr C»r H PIT frwC Mm MUiTHNOUSTlY m 'SI m l 5SStfte==j8j 2« SI, SJ. s Toi Si 1W.7 II! i WrtMtffOt IT «O.J
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  • Page 29 Advertisements
    • 125 29 ■j|k With the share trade settlement period reduced, you can still ■I maximize your trading power. Citibank Equity Investment Account your stocks even after the 3-day settlement period. And in addition to our Why let a shorter trade settlement period reduce your trading opportunities competitive financing, you'll also be earning
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  • KNOWLEDGE economy
    • 1712 30  -  You want the cross-border merger but worry about a clash of cultures. What can you do? ammatzk) talks to a UK academic and finds out ANNA TEO EVEN in today's apparently borderless world, cross-cul-tural compatibility still arises as an issue in partnerships and mergers involving
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  • Page 30 Advertisements
    • 31 30 THERE ARE MORE TO BOOKS THAN BALANCING THEM. WE WANT YOU TO READ. '-V;. ALL BOOKS STILL GOING FOR 35% OFF. p r K "th Sept^'i-H( 2000 rethink books rethink life
      31 words
    • 139 30 Providing the world with up-to-the-minute news SENIOR SUB-EDITORS As Reuters is expanding, experienced senior sub-editors are required to work on our Asia editing desk in Singapore. Applicants should have at least three years' experience in a news agency or background in regional newspaper journalism, with a strong foundation in international
      139 words

  • Page 31 Advertisements
    • 252 31 Where tft WHIP dine and Diners Club Credit Card To apply, call: T lin C m nil IC, UIIIC dim ClllCl U1111... -Definitely the first card in the world *****1290 4545 WHMMMMMMBMMMMMM————■—————— "Shang yue" this Mid Autumn Festival with Plaza Parkroyal's delicious mocncakes available at Cafe Plaza or Si Chuan
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    • 89 31 (full 1 HOTEL QRANO CENTRAL LIMITED 22 Orchard Road/Cavenagh Road, Singapore *****7 Te<: 737 9944 Ext 400/02 Fax; 733 3175 T^A rt of Tipfftnytki experience at Grcfiard. r/if iante team of fitofeaionaf get together once again to continue our ifieciaf relation Jiifi 1 I W» specialize in traditional Teppanyoki and
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    • 102 31 0 ITHE ORIGINAL RECIPEI g Crown Prince Hotel Mooncake 12 August 12 September 2000 I H cr JPmB "I '"I i^HV Other retail outlets: Crown Prince Hotel 12 August -12 September Change Alley, Raffles Place 21 August -12 September Century Square, Tampines 25 August -12 September Hougang Mall, Hougang 1
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    • 77 31 PI "Fresh oysters, delectable lobsters, savoury honey-glazed J ham. U S Prime Rib of "J Sfv H Beef and many more mouth-'ty-Jfp watering dishes to leave you ISk* JflgPl spoilt for choice A^BEST Lunch: 12 noon 2.30pm Dinner: 6.30pm 10.00pm Reservations: 831-6271/88 ManAirin Strngyture A:MI 111 < )ri h.trd 2
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  • Page 31 Miscellaneous
    • 953 31 ITfiUH'HS^—Central 12.00 NN Dessert Circus. 2.00 AM Wonders In China. 12.00 MN The World To 9.00 AM Kids Central: Sesa Draw SSZ n A DM S ,very night. me Street. 100 of Our Lives Are Young. 12.30 AM 1 Watch. 10.00 Jamboree: Dance/ 200 Tuesdav Afternoon i"JJ k? v e
      953 words
    • 307 31 CRYPTIC CROSSWORD ACROSS 6 The fall of Somerset Maugham 1 Cooked sausage to soften (7) W 5 Cashier to bother arsonist (7) 7 Settle and get-away-quickly ac--9 Noah so demanding, perhaps, commodation? (3,3.9) of pair in trials (3,3,3,3,3) 8 Capone was one with no name 10 Batsmen going in late
      307 words

  • Page 32 Advertisements
    • 1265 32 The Experts That A Day In The Life Of Horizon Investment All HOTIZOH IfIVGStIHGIIt Programme ASSOC id te When you invest in The these managers; and Invest- We describe below a typical day in the life of an Horizon -Collate my clients' responses to a forthcoming She does not dabble
      1,265 words

  • SHIPPING TIMES
    • 279 33 Reuters THE dry cargo market ended the week basically steady, although capesize rates could be edging slightly lower, brokers said on Friday. Short-term indications for panamax rates were uncertain but with the results of various wheat and barley tenders outstanding, which amount to as much 600,000 tonnes from
      Reuters  -  279 words
    • 296 33 sex too ggg s$ CWT Distribution 0.77 unch 0 Chum Hup 0.40 unch 766 Cosco Investment 0.20 -0.01 118 Frtight Links 0.19 -0.01 140 GB Holdings 0.62 -O.OI 1 Hi. Sun Hup 0.38 0.01 574 IMC Hoidings-HK 5.60 unch 0 Jaya Holdings 0.18 unch 495 K*pp*ICorp 3.96 unch
      296 words
    • 458 33  -  PSA's business is stable even with loss of major customer, analysts say By Donald Urquhart [SINGAPORE] The decision by Maersk Sealand to shift its transhipment hub from Singapore to Malaysia's Port of Tanjung Pelepas (PTP) will hurt PSA Corporation's bottom line
      FILE PHOTO  -  458 words
    • 204 33  -  By Ann Toh (SINGAPORE) Singapore is not the only one that is reeling from the loss of a major customer. Malaysia's Westport, previously Maersk Sealand's hub for Malaysian boxes, had earlier suffered a similar fate when Maersk Sealand substituted Pelepas for Westport
      204 words
    • 104 33 Reuters [TAIPEI] Taiwan issued a warning to shipping yesterday as Typhoon Bilis approached the island's east and southeast coast. Early yesterday morning, Typhoon Bilis was 810 km east-southeast of Taiwan's south-eastern city of Taitung, the Central Weather Bureau said. The typhoon, with maximum sustained winds of
      Reuters  -  104 words
    • 195 33 CMA CGM ANL to start operations on Sept 1 [SINGAPORE] French shipping line CMA CGM Group recently formed a joint venture between CMA CGM Agencies Worldwide and Jardine Transport Services to act as agent for the group in Singapore. Effective Sept 1,
      195 words
    • SHIPPING news
      • 300 34 Bernama (NEW DELHI] Malaysia International Shipping Corporation (MISC) has entered into a joint-ven ture agreement with Essar Shipping Ltd of India to bid for the proposed liquefied natural gas (LNG) shipping contract for India's stateowned Petronet LNG Ltd, reported the financial
        Bernama  -  300 words
      • 640 34  -  China reopens its south-western ports as it bids to facilitate trade from the western provinces By P T Bangsberg [MANILA! CHINA is working to reduce traffic barriers from the landlocked west to ports in southwestern Guangxi Zhuang on the Beibu (Tonkin) Gulf, in a bid to reopen
        XINHUA  -  640 words
    • 186 34 PACE 0|ak Lloyd 8 ACL 6 Dongnama 3 > M i Eastrans 6 Accord 8 ECl 4 Appenship 5 ECU L,ne Assets 8 Evef rwfl 6 Austral 8 Futiai 7 Salap Shpq 5 BSA 7 GL,nk 4 Gemartrans 6 B'tang Mas 8 7 CCNI 7 Hanjin 3
      186 words
    • 19049 41 ThebusinessTimes THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Destn Name Name Number Number 31/08 11/09 Evergreen PATSV N SO *5-*****11 To ABIDJAN (ABJ) 2003 Cote D'lvoire I 31/08 tl/09 NGPL PATSV N V5I3 65-*****00
      19,049 words
    • SHIPS IN PORT
      • 759 45 Vessel Voy No Berth Arrival Departure JVM| hrt Bjtulicin 92 J» 21/08/2 10 22/06/1340 Bt Mo I ***** J01 21/08/8:15 21/08/23:59 TOM 155 16/00 J02 21/08/8:05 21/08/17:00 Winstar I 81S00 J03 21/06/7:20 21/06/23:59 8ayswaterll8 HO205 J02 21/08/8:25 2V06/1640 C Progress 21*uq J09 21/08/8:45 2V06/16.00 audi Saltan ***** f
        759 words
      • 1975 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Pwlod From To From ACJ OAMJA 025A 22/1:00 20/1500 20/1659 20/1900 20/1700 21/0659 21/0900 a 20/1700 2V0659 2V0900 3 21/0700 21/1159 21/MOO 4 2V1200 21/1459 21/1700 ACX FALCON OM 20/1500 20/1659 20/1*00 2* 20/1700
        1,975 words
      • 183 45 Aug 27 Philippines: National Heroes Day. Aif2B United Kingdom: Summer Bank Holiday. An| 31 Malaysia: National Day. Bep 12 Korea: Harvest Festival Day. Taiwan: Mid-Autumn Festival. Sep 13 Hong Kong: The day following Mid-Autumn Festival. Sep 15 Japan: Respect for the Aged. Sep 23 Japan: Autumnal Equinox Day.
        183 words
      • 802 45 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem Market movements are indi cated. The Cockett Bunker Price Index change and
        802 words
      • 541 45 Carbon 180 Mai 990.1 0.6 18.) 0.07 79 O.OS Aaf 17 Density Water Residue Ash Atumlntum Sediment No above £25 0 0 4 0 0 0 %MM JW 9877 0.6 13.5 0.07 34 0.03 Cum 380 Mai 997.3 6.9 17.4 0.17 73 0.07 M/ri m/m %Mi
        541 words
    • AIR & LAND transport
      • 285 46 Reuters [SEATTLE] Boeing Co has confirmed plans to close down several operations in Washington state and reassign or transfer about 3,500 employees as part of the aerospace giant's ongoing streamlining drive. The plan includes moving machining and chemical processing work at its military
        Reuters  -  285 words
      • 701 46 Bloomberg [PAßlS] British Airways (BA) may drop a four-year alliance with AMR Corp's American Airlines to gain clearance for the acquisition of KLM Royal Dutch Airlines, people familiar with the matter said. KLM, which has a market value
        Bloomberg; FILE PHOTO  -  701 words
      • 461 46 Delays, cancellations at peak of vacation season spark concern AP [WASHINGTON] A record number of flight delays and cancellations has prompted officials in Washington to call an unusual meeting yesterday in the hopes of finding ways to ease conditions for beleaguered air
        AP  -  461 words
      • 69 46 [SYDNEY] More than 6,ooopassengers on 27 international flights were delayed at Sydney's International Airport in Australia on Sunday, when the accident-prone baggage handling system broke down. The system, which cost U5525.4 million (5543.68 million), has broken down several times since installation and airport authorities
        AP  -  69 words
      • 250 46 AP (MANILA) Philippine Airlines, the country's flag carrier, announced yesterday a net profit of 793 million pesos (5530.37 million) in the fiscal first quarter ending June 30, a significant improvement from 65.40 million pesos in the year-earlier period. PAL credited its strong financial performance
        AP  -  250 words
      • 305 46 Committee formed to study ways to make jetliner safe AP (PARIS) British and French aviation regulators have formed a committee to examine ways to return the Concorde to service "in safe conditions" that would protect it against the flaws behind last
        AP  -  305 words
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  • Page 33 Advertisements
    • 511 33 The Keppel group has wh0 ha(J )een president V announced key of Keppel Cebu Shipyard management changes at since 1995. Mr Yap has its shipyard operations in I nearly 20 years' Ik the Philippines. Keppel i experience in shipyard Jk Cebu Shipyard president, and engineering Charles Yap (right) ,and operations
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    • 169 33 "v The movers and shakers of i shipping are sailing into Bp Singapore in September for MARTECH 2000 an T < International Conference jm and Exhibition on J "Shipping Trends in the New Millennium" And Shipping Times will be running a Special Feature covering the event with the kind of
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    • 12 33 China's Guangxl revives ports Page 2 Slater meets airline officials Back Pagt
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  • Page 34 Advertisements
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    • 1749 37 jOVESSEL VOY HKG KHH SIN PKI DXE BAB PMM BIK IRAN HESABI PCL-168 17/08 19/08 24/08 25/08 02/09 03/09 05/09 07/09 IRAN HORMOZGAN PCL-169 23/08 25/08 30/08 31/08 07/09 08/09 12/09 14/09 IRAN TEHRAN PCL-170 01/09 03/09 07/09 08/09 15/09 16/09 20/09 22/09 IRAN TABATABAEI PCI-171 07/09 09/09 13/09 14/09
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    • 502 39 BSA i. mm MYANMA pBBk FIVE STAR UNE W (Myonmar National Line) 1 Loading for Yangon VtSSfl VOY SIN ML PIN PGU SAGAMG MW SLD SITTWE MW 31/0t MALAYSIA AG! NTS: IOUSTEAD SHIPPING AGENCIES KUL TIL 03-*****00 PKL: TEL 03-*****101 PEN: TEL 04-2****** PGU: TIL 07-*****21/4 BANK LINE (A scrvice
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    • 722 39 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERia "CAR RORO HEAYYUFT SERVICE" VOY RAMP HEIGHT I SIN lIK I MAO MIA SAV Ml OftF NYC NEW MM HXAS AHOI7 400Tmk 6.3 M 27/08 25/09 03/10 06/10 25/10 10/10 11/10 13/10 l77l0"Wi0~ TOM AHOIB 400TMS 6.3 M 10/09 09/10 17/10 20/10 22/10
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  • Page 45 Miscellaneous
    • 124 45 w f 4 LEGEND: 100E Issued by Meteorological Service Singapore K Thunderstorm Showers o Rain emperature Cp/ VVind direction and speed in knots Cloudy Day Wea,he CX Ha7v Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds j J —.One half fleche
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