The Business Times, 24 August 2000

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Total Pages: 50
1 50 The Business Times
  • 12 1 THE BUSINESS TIMES MIJA(P) 0357^4999 SIN GAPORE THURSDAY. AUGUST 24, 2000 85C
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  • 73 1 m 2JMJSL (+9.82) mm bt-su U mm (+8.34) PlsrmraxnmnEs U 2,221 (+32.00) PlsneanmjiEs U 2KJSO (+5.30) STOCK MABXET INDICES Wednesday Change KLSE COMP 809.05 +1.16 NIKKEI 225 1*436.66 -18.09 HAND SENG 17.427.40 -XML88 SET INDEX -—***** -Ml JAKARTA COMP _M3.40 +«0 MANILA COMP —1.491J1 4J7 TAIPEI WPI dosed
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  • 73 1 FOBEX BATES uss s$ USf L714 £(US$/S$ per 1.478 2.532 EURO(USS/SS/E) 0.898 LMO DM LIN L278 YEN 197J «LM RM 3800 2.217 HKS 7J0» 4i61 BAHT 40.53 2S.66 RUPIAH 8,060 4,703 PUKE SATES SINGAPORE* 5.80 KL'ALA LUMPUR 7 67 JAKARTA J9.00 BANGKOK .950 MANILA 11.00 HONOKONO 8.50 TAIPEI 7.84
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  • 977 1  -  Markets react negatively as Megawati is left out in the cold From Shoeb Kagda in Jakarta PRESIDENT Abdurrahman Wahid yesterday unveiled a new Cabinet tilted strongly in his favour, catching many observers and market analysts off guard. They had expected some concessions
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  • 345 1  -  By\ Siow Li Sen [SINGAPORE] Ernest Wong is leaving United Overseas Bank and is tipped to become chief executive officer of gov-ernment-owned broadcaster, MediaCorp, sources confirmed yesterday. Mr Wong, who joined UOB in 1972 and rose to become president in 1990,
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  • 1285 1  -  Many hope to see the new team last the full term, but early signs are discouraging says '"f*"*" Yang Razali Kasim WHAT a way to start off a new Cabinet. President Abdurrahman Wahid has been insisting that he and his vice-president remain the
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  • Page 1 Advertisements
    • 96 1 UIBIDE Exec Suit* Development charges: Experts see residential DCs staying put come Sep 1, but are divided over DCs for commercial, industrial land. Bmek Pmgm Motoring Pump prices could rise by 17c a litre. Pg 32 Top Stories asiabondporlal.com, an Internet financial portal, granted exempt slock exchange status the first
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    • 32 1 Retired general gets key post, Pg 13 From student protester to econs minister, Pg 13 ißKßjMfcijt 02-36. Wisma fw/7.T frl 51. shops: The Raffles information: Singapore *****7, 65/333 0801. Fax 65/333 0803.
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  • NEXT page
    • 565 2  -  First company to get such statu from MAS; it will new be aMe to hffllMrh Agiaw imHim trading in Singapore first By! Catherine Ong [SINGAPORE] asiabondportal.com, an Internet financial portal, has been granted exempt stock exchange status In Singapore, paving the way for It to
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    • ON THE grapevine
      • 129 2 THE quality of stockbroking research has been a fairly consistent theme in this column over the years. Today, we feature a response from a Barron's reader to a comment made earlier that "Wall Street's research is written by the industry's best and brightest". The reader
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      • 92 2 IN yesterday's grapevine we reported that US research showed that accountants are born dull. Well, here's a joke for you: Why did the accountant cross the road? L To open a consulting practice. 2. What else does an accountant do for fun? 3. So he could charge the
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      • 141 2 WITH China's entry into the real world, Chinglish or Chinese English is becoming more widespread. Here's another example from Kunming's Bank Hotel. It welcomes guests to have a free game of bowling with a flier saying: "Dear guests: Welcome to Spring City Kunming. Thank you for
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    • 637 2  -  TECHNOLOGY Can our local tycoons remain techno-llliterate and still be the 'grey-haired revolutionaries' that PM Goh wants to see? kenneth james AT a roundtable discussion on the digital divide a couple of months ago, Suntec City Development CEO Wong Ah Long pointed out that those
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    • 544 2  -  local broker acquires portfolios of 2 companies By\ Ling Su Ann [SINGAPORE] Chasing the benefits of size in a liberalised environment, insurance brokers are looking to grow their business through mergers and acquisitions (M&A). Acclaim Insurance Brokers, already one of the larger
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  • Page 3 Advertisements
    • 1523 3 ADVERTORIAL Data One Asia, a managed service provider IMAGINE this: Your company has co-location services and dedicated aware of the limitations of co-location well. He feels that Data One Asia access to completely outsourced e- hosting sen/ices. services certain markets and the able to provide these companies with business facility
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  • SINGAPORE companies
    • 359 4 Trading suspension, inability to get controlling stake cited as reasons Reuters CONSTRUCTION firm L&M Group Investments Ltd said yesterday that talks to acquire a stake in Links Island Holdings had been called off, but the company remained open to further negotiation. "The talks are
      Reuters  -  359 words
    • 453 4  -  Industrial arm's losses overshadow gains made by steel and electronics divisions By David Boey LARGE losses by Nat Steel's industrial division have dragged down group interim earnings 2.5 per cent to $33 million, despite a 6 per cent rise in
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    • 207 4  -  It will make 0.60-0.35-micron wafers for German company By] Marissa Chew CHARTERED Semiconductor Manufacturing said yesterday it had clinched a US$25O million (Ss42B million) deal to produce chips for Germany's Dialog Semiconductor. Under the three-year deal, Chartered will make wafers from 0.60 to 0.35
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    • 706 4  -  HOCKirrrareffTO lee han shih SOMEONE should tell the folks at Nat Steel Ltd they are running out of time. If Nat Steel does not spin off Its listed associate Nat Steel Electronics Ltd (NEL) in a year or so, it will at any rate
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    • 456 6  -  Group net profit surges 20.2% to HK5479.7m at half-time From Quak Hiang Whai in Hongkong LISTED Wing Lung Bank Ltd, in which DBS Bank Group has a 10 per cent stake, may consider buying into FPB Bank Holdings, financial portal
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    • 430 6  -  Bryan Lee METAL components maker Miyoshi Precision yesterday offered 70.7 million shares at 26.5 cents each for a listing on the main board of the Singapore Exchange. Ten per cent of the shares, or 7.1 million, will be offered to the
      SIEW YAW HOONG  -  430 words
    • 448 6  -  Move raises its stake in an e-commerce and ISP nnit ffy' Teh Hooi Ling KEPPEL Telecommunications Transportation has paid US$l5 million (Ss26 million) for a 45 per cent stake in Thai IT company Advanced Research Group. Through the purchase, KTT has
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    • COMPANYBriefs
      • 93 6 CWT Distribution said its net profit for the six months ended June 30 fell 31 per cent to $2.3 million, although group turnover went up 9 per cent to $78 million. Earnings per share slipped from 2.2 to 1.52 cents. As before, no
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      • 106 6 PANPAC Media.Com Ltd said it will launch its financial portal, AsiaStockWatch.Com, in Malaysia in the fourth quarter. It said the Malaysian government has granted the portal a "multimedia super corridor" status, making it eligible for certain benefits like a five-year tax exemption renewable up to
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      • 154 6 BRIERLEY Investments' wholly-owned subsidiary Vox Retail Group Ltd said it has sold another 65 stores across all states to Betta Stores Ltd. The sale follows last month's announcement of the sale of 22 stores to Harvey Norman. The latest sale includes the transfer of
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      • 38 6 Corrections Clarifications IN our report yesterday "Computer Services Corp sticks to plan to delist CSA," we wrongly named CSA Holdings' American parent as Computer Services Corp. It should be Computer Sciences Corp. We are sorry for the error.
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    • 447 7  -  It posts $16.5 m interim profit, due largely to better hotel results, higher investment income By 1 Kalpana Rashiwala ROBERT Kuok's Singaporelisted Shangri-La Hotel returned to the black at halftime, posting a $16.5 million group net profit against a $5.8 million net loss for the
      FILE PHOTO  -  447 words
    • 211 7 THANKS to an exceptional gain of $5.7 million, Singatronics posted a 72 per cent jump in net profits to $6.8 million for the half year ended June 30. The exceptional gain, which arose from the partial realisation of the assets of associated company Eastgate
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    • 312 7 Turnover rises 11.5% as all the three divisions do well PARKWAY Laboratory Services has announced a 31.3 per cent rise in after tax prof it to $2.4 million for the six months to June 30. up from $1.83 million previously. Turnover increased
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  • Page 4 Advertisements
    • 183 4 Look For Our Legendary Mooncakes IC W WA knows JBr HAI -Tl F\l -1 O vv^cn t^lc Mooncake Festival comes W'i around, it's time to head to The H Pan Pacific Singapore for truly legendary mooncakes. This year, our Flong Kong Executive Chef Chan Chen Hei of Hai Tien Lo
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    • 192 5 III! I I Ml I V"i 2?" < <AII'\M (IJJI XI ROX ;k*& m WM m ;jgf -?h^E? r W* r V' U;—i- 'I 1 •s' -<ae ~T?& JL ~.t* ,4v i> r r S. wyS: r FUJI XEROX. MAKING OUR MARK AT THE OLYMPIC GAMES. Versatility allows us to
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  • Page 6 Advertisements
    • 615 6 CHIT CWT DISTRIBUTION LIMITED Announcement Interim Results The Directors of CWT Distribution Limited wish to make the following Announcement: UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2000 GrPUP Company 2000 1999 +A-) 2000 1999 $000 000 $000 $'000 Turnover 78,411 71,626 9% 28,142 30,304 (7%) Interest income 260
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  • Page 7 Advertisements
    • 19 7 Make The Straits Times Classified your first pit stop when shopping for your car or motorbike. Classifications 302-394: Vehicles
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    • 357 7 iHil^^l PERFORMANCE ILLUSTRATION —-^=^1 85 1 1 1 1 1 1 1 *'.J MaV JU S<^99 Nov Jan Mar Ma Optimtx Continuous Click Fund S4f 500 USO Protected Level S.PSOO Depovt (l/SP) Hypoffter«j' Comhxto'i Source #YG /rm«fme«f Management 06.?000 1999 jk>- 4BBWWWBMWWp|pi|B|jpB|B|BBHJ^^WBW|P| are re-balanced to a 90-10 ratio. returns, invest
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  • SINGAPORE markets
    • 496 8 Stocks Volume Ionics P$1.00 24,399,000 Trek 5c 16,360,000 SunlightGrp 10c 15,894,000 Osprey M US 10c 12,960,000 Cytech HK5c 10,860,000 Unisteel5c 10,516,000 ITechGrp4c 9,136,000 DBS Land 6.510,000 Brierley NZ10c 6,172,000 SingTel 15c 6,063,000 Stocks UOeT. 38,699,500 City Dev 50c 30,056,510 PacificCentury 25,701,800 SPH 25,619,860 DBS Grp 25,051,927 ST Assembly 25c 20,050,610
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    • 550 8  -  I :ji comment STOCKS r.sivanithy IT was perhaps too much to expect local stocks to continue their recent good form yesterday an indifferent overnight performance by Wall Street and weakness in regional leader Hongkong meant widespread pressure in most sectors here.
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    • 357 8  -  CURRENCIES larry wee THE Australian dollar collapsed yesterday after falling through key support at 58 US cents overnight to end the Asian session pinned down to intra-day lows of around 57 US cents, while the markets greeted a new Indonesian Cabinet lineup
      Source: Reuters  -  357 words
    • 183 8  -  WARRANT WATCH R Sivanithy WE have highlighted the interesting little plays that often develop in warrants that are close to expiring. And although our featured warrant still has eight months left, it has some interesting numbers that could see such plays develop. The instrument
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    • 238 8  -  HOT STOCK By" Ven Sreenivasan THE stock of Gul Technologies went exbonus yesterday. From a $1.33 close on Tuesday, it was adjusted down to $1,108. The stock closed yesterday at $1.16 about a 5-cent gain on the adjusted price. The unadjusted equivalent would
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    • 132 8 ♦PENGUIN Boat will hold its EGM at 18, Tuas Basin Link on Sept 8 at 10 am. ♦SSANGYONG Cement has said that it has taken steps to terminate the shareholders agreement with Jademount Investments Ltd for the proposed joint venture in respect of the trading of speciality cement
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  • Page 8 Advertisements
    • 114 8 y ffijj&gWjM The movers and shakers of i shipping are sailing into s Singapore in September for MARTECH 2000 an BHHH International Conference jp and Exhibition on j| "Shipping Trends in the New Millennium". I be captive 117,000 in I ALL ABOARD FOR THE FUTURE in our MARTECH 2000 Specia
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    • 49 8 YOU CAN NOW PUT YOUR CPF SAVINCS IN EICHT. important All applications for units in eight must be made on the application forms accompanying the prospectus investors must read the proipectus The value of the units and the income from them may fan as well as rise gjl H'.SH-r *<
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  • Page 9 Advertisements
    • 341 9 t£ -Xs-^aCaBBIHHI V Sol I i J .y3&sgj ?^§N| J I I V > ■H9II V-'i .j V Can the new Office Suite you're looking at handle everything you throw at it? THE NEW STAROFFICE" 5.2. IT'S FREE! What you couldn't do before with your present Office Suite, you now
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  • SINGAPORE news
    • 389 10  -  Its plan includes targeting key 828 exchanges to develop valne-added services By. Daniel Buenas THE Economic Development Board yesterday announced three key strategies that it would focus on to encourage the chemical industry to undertake e-business in Singapore. EDB managing director Liew Heng
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    • 407 10  -  Sin Heng Chan offers home-delivery for orders above $30 By Tay Hong Seng GROCERY-BASED Sin Heng Chan is giving its original rice and sugar business a new lease on life through an Internet website and home-deliv-ery service operated by its subsidiary Home Club. The website www.home-club.com.sg
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    • 274 10  -  By Eugene Low NASDAQ-LISTED Rofin-Sin-ar, a German maker of industrial laser products, is setting up its sole Asian manufacturing plant in Singapore. The company will invest about $500,000 a year locally in machinery and research and development, says the managing director of
      ARTHUR LEE  -  274 words
    • 288 10  -  on the economy prices Byi Audrey Tan CONSUMER inflation has continued to stay soft, with the Consumer Price Index rising just 1.2 per cent in July from a year ago. Figures released yesterday by the Department of Statistics (DOS) show that lower food
      Source: Dept of Statistics  -  288 words
    • 373 12  -  SAP's ratings reflect company's extremely strong financial profile and low risk ity' Eugene Low SINGAPORE Power's $300 million medium-term note issue has been assigned a tri-ple-A rating by Standard Poor's. The utility's second Singapore dollar note issue, which is available to local and
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    • 360 12  -  Lew Syn Pan has filed a question for DPM Lee on issue Byi Audrey Tan THE government is likely to spell out tomorrow its policy on senior civil servants who are board directors of private and government-linked companies. In
      360 words
    • 259 12 THE government yesterday provided details of how it would distribute $16.5 million in a second ex-gratia payment to Members of Par Jiamenf and office folders who retired before 1993, and pensioner!who retired before 1962, in recognition of their contributions to the country, The ex-gratia payments were
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    • 165 12 THE Institute of Technical Education, the Shell Companies in Singapore and the ITE Alumni Association have launched a scheme to help budding technopreneurs. The ITE will offer them the use of its facilities and the assistance of its staff and students to
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    • 291 12 THE owners at Diamond Tower are looking to strike gold, or about $32 million, in a collective sale. The 27 apartments sit on a 27,323 sq ft freehold site off Balestier Road. The site has a plot ratio of 2.8 times
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    • 213 12  -  It is also ranked as Asia's top meeting place for the 17th year running Ily' Vivien Ng SINGAPORE was named the fifth most popular convention city in the world yesterday its best ranking so far. It was also ranked as Asia's number one meeting
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    • 512 12  -  Govt bears premiums of qualifying elderly for next two years By' Tan Su Yen TO encourage the 44,000 eligible senior citizens over 60 who are not covered by Medishield to sign up for the catastrophic illness insurance scheme, the government will pay Medishield
      FILE PHOTO  -  512 words
    • 348 12  -  By' Vivien Ng THE National Library Board said yesterday that about $100 million will be set aside fin* the new library in Victoria Street, next to Bras Basah Complex. Construction will begin early next year and the building is scheduled to be
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  • Page 10 Advertisements
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  • MAIL bag
    • 270 11  -  Hugh Young Singapore via Internet HOT on the heels of Times Publishing, we have another case of minority shareholders being kept in the dark and not having sufficient time to consider an offer for a company. Again, the company in question, CMB
      270 words
    • 425 11  -  Frank Newman Singapore I REFER to the recent correspondence and articles relating to Sentosa and tourist attractions in Singapore, and the problems of attracting interesting but financially viable projects to the island. Singapore has many world-class tourist attractions, such as the Botanic
      REUTERS  -  425 words
    • 464 11  -  Jeffrey Ong Singapore via Internet I REFER to Yeong Wai Cheong's letter "Rating analysts is a complicated business, but it can be done" (Mailbag, Aug 21). Firstly, I admit that a rating system will be complex, not to mention time-consum-ing. However, it has
      464 words
    • 83 11  -  Chia-Mao Kawn Hwa (Mrs) Manager, Public Relations Inland Revenue Authority of Singapore I REFER to the letter from Denis Distant, "Unfrozen Clob shares: strange GST charge", in Mailbag of Aug 22. There is no GST charge on dividends paid to shareholders. However, GST is
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  • Page 11 Advertisements
    • 57 11 i v s&pi, MSz:: id SgP^BSWWwgSa^^slißßSQMfc. -*£'v.-.-'*■'.'V" Now you can drive to carpet auctions and actually buy something. Vc ss. VniiL* .-u, DQ£n., n < l kimbabm -c. n i (XM.r UnLHswc inam ■Wi Pact f fontrß PfV) Kjmnnrw Aimo Rrwl Tpi 14f> V99V Hm -Pc Q»m Krvm Own Iran
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  • Page 12 Advertisements
    • 168 12 I A SYMPOSIUM ON FINANCIAL MATHEMATICS 1 Organized by Department of Mathematics Co-organized by Centre for Financial Engineering National University of Singapore Saturday, 16 September 2000 9.00 am to 5.00 pm Lecture Theatre 33 (Level 2, Blk Sl7, NUS) SPEAKERS: Professor Hans Follmer, Humboldt-Universitat zu Berlin "Probabilistic Aspects of Financial
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  • INDON cabinet
    • 386 13 Rizal Ramli's appointment comes 22 years after he was jailed for leading a protest against the Suharto govt AFP [JAKARTA] BOSTON-EDUCATED economist Rizal Ramli's appointment to one of the top four spots in Indonesia's new Cabinet comes 22 years after he was jailed for
      AFP; AP FILE PHOTO  -  386 words
    • 173 13 Reuters SUSILO Bambang Yudhoyono, who was yesterday named chief political minister, is a retired general who has been promoted from mines and energy minister in President Abdurrahman Wahid's previous Cabinet, an important job as his responsibilities there covered critical assets such as minerals, oil and
      Reuters; REUTERS  -  173 words
  • Page 13 Advertisements
    • 90 13 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
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    • 116 13 The Bora. Now with an interior exclusively styled by Braun Buffel. Braun Buffel. Recognised for more than a hundred years as a leading German name in branded leather goods. The full-grain leather upholstery and accessories are custom-designed to enhance the value of the Bora. Likewise, your driving pleasure. Which perhaps
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  • EDITORIAL & opinion
    • 739 14  -  bottom line OPINION paul krugman The writer is a professor of economics at the Massachusetts Institute of Technology NYT QUICK quiz: How big is the US federal budget surplus? I don't mean those projections of a surplus of US$2 trillion or more over the
      NYT  -  739 words
    • 140 14 'Rules are not meant to be broken, for down that path lies anarchy. But they are made to be bent, for down that path lies modernity.' -Alan Wolfe a sociologist, on public attitudes these days: The Ten Commandments, Wolfe says, have become the Ten Suggestions. 'I've got
      140 words
    • 683 14 EDITORIAL POR Singaporean couples already planning for a second or third child, the upcoming "Baby Bonus" is indeed that —a bonus and a nice gesture, but more will have to be done more if the stork is to deliver a bounty. Not that the Baby
      683 words
    • 1199 14  -  Banks here most realise that their customers are just a click away from their competitors By, J S Gan The writer is an e-business consultant and project manager with Syntegra GIVEN the relatively small number of Singapore-based banks, it is encouraging
      FILE PHOTO  -  1,199 words
    • 765 14  -  COMMENTARY liy\ Maureen Dowd NYT GREAT balls of fire! Alpha Al, you da man. You got your mojo. You are looking goooood! Hey you, handsome front-runner in the mirror, give me a high five! Yesssssss! You've got the cool, clear eyes of a seeker
      NYT  -  765 words

  • MALAYSIA news
    • 449 15  -  KLUJA.m.m Bank Negara expects growth for year to be higher than earlier estimate of 5.8% From Diana Oon Abdullah in Kiuila Lumpur MALAYSIA'S economy expanded by 8.8 per cent in the second quarter of this year, leading the central bank to expect "overall growth
      449 words
    • 985 15  -  Foreign investors who shunned Malaysia in the first half are returning to pump money into the economy Prom\ ET Eddie Toh in Kuala Lumpur Malaysia is set to enjoy a recovery in foreign direct investments after being shunned by foreign investors in the first half
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    • MALAYSIABriefs
      • 73 15 Reuters ATTENTION shifted to technology stocks yesterday as Investors moved in to pick up bargains following recent sharp fells. The sub-sector Technology Index KLTE was up a sharp 3.1 per cent at 117.04 for the biggest single-day sectoral gain. Leading the pack was Malaysian Pacific Industries,
        Reuters  -  73 words
      • 56 15 Reuters FINANCIAL services group MBf Capital pared early gains to end the day just one sen up at 39 cents. On Tuesday, the stock fell a hefty 36 per cent as investors feared a possible capital reduction would form part of the group's restructuring of
        Reuters  -  56 words
    • 663 15  -  Foreign fond managers cite 10% levy on capital gains as key annoyance From] Diana Oon Abdullah in Kuala Lumpur WITH Malaysia's stock market continuing to languish near its year's lows despite strong economic growth and other key economic data which paint a recovery story,
      663 words
    • 551 15 KUALA LUMPUR AFP NV Multi Corp, the first undertaker in South-east Asia to secure a stockmarket listing, made a strong debut on the Malaysian exchange yesterday and predicted bright prospects due to an ageing population. The stock opened at RM4.50 on the
      AFP  -  551 words
  • Page 15 Advertisements
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  • REGIONAL news
    • 600 16 JAKARTA Despite brain damage claims, judge says he must go to trial, which begins on Aug 31 AP FORMER President Suharto's corruption trial will start on Aug. 31 and the ex-dictator has been ordered to attend despite claims that he is brain damaged, the judge
      AP  -  600 words
    • 131 16 BANGKOK Reuters THE Stock Exchange of Thailand yesterday said it had agreed with brokerages to fully liberalise commission fees from Sept 1, earlier than planned. Pakhawat Kovithvatanaphong, a member of the exchange board, told reporters the exchange would hold a hearing with
      Reuters  -  131 words
    • 434 16 JAKARTA Business groups misrepresented their worth, says Ibra Bloomberg INDONESIA may only recover a quarter of the US$l4 billion (Ss24 billion) the government lent to some of the country's biggest business groups to bail out their bank affiliates after they experienced deposit runs
      Bloomberg  -  434 words
    • 272 16 SHANGHAI Talk says China not merging A and B share markets Reuters CHINA'S roaring hard currency B shares suffered a sharp setback yesterday, with Shanghai shares diving more than 9 per cent and Shenzhen more than 3 per cent under pressure from a
      Reuters  -  272 words
    • 504 18  -  AIT jointly owned by Hana Microelectronics and Newbridge Capital From Harish Mehta in Bangkok MAJOR Thai technology firm Hana Microelectronics and US venture capital player Newbridge Capital are aiming to list their subsidiary, Advance Interconnect Technologies, on Nasdaq in what could be the first
      504 words
    • 186 18 MANILA PLDT chief among 5 new governors appointed Bloomberg THE Philippine Stock Exchange (PSE) yesterday installed a majority of non-bro-kers on its governing body for the first time since its earliest predecessor was founded in 1927, according to exchange president Ramon Garcia. A securities
      Bloomberg  -  186 words
    • 169 18 MANILA Reuters CALTEX Philippines Inc said yesterday it would seek to defer a public offering of its shares until market conditions improve. Oil companies in the Philippines are required by the Oil Deregulation Law to list 10 per cent of their stock for
      Reuters  -  169 words
    • 461 18 MANILA Restaurant chain to raise 138 m pesos to fond expansion Bloomberg PANCAKE House Inc is poised to become the first Philippine company in more than a year to sell shares, hoping its familiar brand name will overcome investor antipathy to the
      Bloomberg  -  461 words
    • 405 22 HONGKONG Jnmp largely due to massive from affiliate Hutchison Whampoa Reuters PROPERTY conglomerate Cheung Kong (Holdings) Ltd is expected to post today firsthalf earnings of between HK522.3 billion (554.91 billion) and HK524.98 billion, largely due to massive gains contributed by affiliate
      Reuters  -  405 words
    • 131 22 HONGKONG AFP CHEUNG Kong Infrastructure (Holdings) (CKI), a unit of tycoon Li Kashing's flagship property conglomerate Cheung Kong, has taken an 18 per cent stake in a Canadian hydrogen fuelling company, the firm said yesterday. CKI has invested HK$B6 million (Ssl9 million) for
      AFP  -  131 words
    • 216 22 TAIPEI Reuters TAIWAN'S government offices, banks and all financial markets, including the stock, foreign exchange, bond and money markets, were closed yesterday due to Typhoon Bilis. All markets are scheduled to reopen today, the central bank and securities regulators said. The benchmark
      Reuters; AFP; REUTERS  -  216 words
    • 228 22 BOMBAY Its shares soar, poshing market cap past Rs 550b INFORMATION technology major Infosys Technologies has re-emerged as India's second largest company by market capitalisation. On Tuesday, the company's shares soared by 331 rupees to Rs 8,311 a share (Rs 5
      228 words
    • 120 22 TAIPEI AFP TAIWAN may allow Chinese banks to open representative offices here following its recent decision permitting local banks to open offices in the mainland, the Commercial Times reported yesterday. Taipei was considering opening its doors to Chinese banks to create a level
      AFP  -  120 words
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  • Page 17 Advertisements
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  • Page 18 Advertisements
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      93 words

  • e-NEWS
    • 564 19 NEW YORK Subscribers get digital readers that can scan bar codes with web addresses AP AFTER years of chronicling the derring-do of entrepreneurs, Forbes magazine is taking a little gamble of its own this week. It's partnering a technology startup to test
      AP  -  564 words
    • 250 19 BANGKOK Ventures depending on online advertising alone have little chance of survival AP MANY Thai Internet companies are likely to go bust and new dotcom start-ups without roots in the real economy are likely to fail because of a lack of Web users,
      AP  -  250 words
    • 50 19 [SINGAPORE] Kyrghyzstan model Polina Lomakima winning the QC Girl International' Search 2000 held in Singapore on Tuesday. According to the organisers, the contest is thefirst international beauty pageant to be telecast live through the Internet. Polina won $10,000 in cash and a world tour. REUTERS
      REUTERS  -  50 words
    • 145 19 LONDON AFP BRITISH Telecom has postponed its plans to begin marketing bonds worth up to US$lO billion (Ssl7 billion), a spokesman said on Tuesday. The spokesman said: "I can confirm that we have deferred the bond roadshow, which had been planned at the end
      AFP  -  145 words
    • 219 19 SEOUL Reuters SOUTH Korea's Dacom Corp said yesterday it has opened a high speed Internet backbone network for broadband traffic with Shanghai Telecom which could be the first step into China's Internet data market. "Dacom and Shanghai Telecom signed a memorandum of
      Reuters  -  219 words
    • 583 20 LONDON It blames high domestic phone rates for the retreat Reuters, AP, Daily Telegraph IN AN embarrassing setback, US Internet firm AltaVista Co has aborted its trail-blazing plan to offer flat-rate Internet access in the UK, pointing an accusing finger at the country's dominant
      Reuters,; AP,; Daily Telegraph  -  583 words
    • 69 20 fSHANGHAIJ Two visitors trying out a new Chinese website at the China Websites Exhibition in Shanghai on Tuesday. Chinese President Jiang Zemin had expressed alarm over thefreeflow of uncensored information on the Internet and proposed an international treaty aimed at policing the
      AFP  -  69 words
    • 320 20 THE HAGUE It expects a return on its investment within 7-8 years AFP THE Dutch group KPN expects to invest about eight billion marks (556.3 billion) over five years for the roll-out of its third-generation mobile network in Germany, KPN Mobile
      AFP  -  320 words
  • Page 19 Advertisements
    • 147 19 7 ok i 1h k You can't reach new heights in today's eßusiness world unless you get all your ducks in a row. You need integrated "^■P r networks that let your employees, partners, suppliers and customers work together. And all their different operating JS| Wm-& v '«im systems, intranets,
      147 words

  • Page 20 Advertisements
    • 2152 20 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 a ShangriLa hotel UMtTEO I (Incorporated in Singapore) 2000 Interim Results Financial Highlights fc Dividend Announcement months tnded 30 June .1—- 2000 1999 Variance srooo ss*ooo Turnover 89,286 59,024 51.3 Operating Profit 19,779 8,194 141.4 Share of losses of
      2,152 words
    • 279 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 ACCESS ONE PTE LTD (IN MEMBERS' VOLUNTARY WfINOMG-UP) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Members of Access One Pie LM was convened and held at 93 Amoy Street Singapore *****3 on 23 August 2000.
      279 words
    • 277 20 IN THE MATTER OF THE COMPANIES ACT, CAP. SO MD A 8 PTE LTD (IN MEMBERS' VOLUNTARY WINOMG-UP) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN that an Extraordnary General Meeting of Members of MO 8 Pto iJd was convened and held at 93 Amoy Street Singapore *****3 on 23 August
      277 words

  • Page 21 Advertisements
    • 64 21 Why wait? Priority baggage handling worldwide. International business travellers deserve to be treated like stars. And stars don't wait for their bags. As a Star Alliance™ Gold member, your luggage will be among the first on baggage-claim carousels around the world. To find out how to become a Gold member,
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  • WORLD news
    • 750 23 Women who want to have children forced to sacrifice high-flying jobs, no thanks to a generally unsympathetic management Reuters [LONDON] Women investment bankers in Britain's financial district, the City of London, say that getting on the "Mummy track" makes it far tougher for them to
      Reuters  -  750 words
    • 366 23 LONDON It has reservations about merger with German bourse and seeks more influence The Daily Telegraph ÜBS Warburg has doubled its investment in the shares of the London Stock Exchange in a bid to give itself greater influence before the vote on the
      The Daily Telegraph  -  366 words
    • 146 23 TOKYO AP ABOUT 150 workers at Microsoft Corp's Tokyo subsidiary have been ordered to pay 3 billion yen (US$47 million) in back taxes and penalties for underreporting income from stock options, Japanese media reported yesterday. The Tokyo Regional Taxation Office
      AP  -  146 words
    • 492 24 Investors and analysts overreacted to 3rd-qtr earnings that fell short of expectations, die says Bloomberg [ASPEN, Colorado] Hewlett-Packard Co shares are undervalued and investors and analysts overreacted after the computer maker reported fiscal third quarter earnings that fell short of expectations, chief executive Carly
      Bloomberg; Source: Bloomberg  -  492 words
    • 464 24  -  But talks with Korea authorities may not be completed by end-Aug spokesman By( Christopher Tan [SINGAPORE] Ford Motor Co is "absolutely confident" of acquiring Daewoo Motor, having just finished examining the Korean automotive group with a fine-tooth comb. "Discussions are now going on with the
      464 words
    • 138 24 SEOUL AFP SOUTH Korea's Hyundai group said yesterday that it would follow a Chinese model for special economic zones in running a giant industrial and tourism complex to be built in North Korea. But the plan has yet to win approval
      AFP  -  138 words
    • 314 24 Nike confesses... AP [SAN FRANCISCO] Tiger Woods endorses "Nike Tour Accuracy" golf balls in TV and magazine ads, but he really plays with cus-tom-made balls unavailable to everyday duffers, Nike acknowledged after being sued in federal court. Nike Inc said on Tuesday
      AP  -  314 words
    • 677 25 LONDON Crackdown follows six-month probe into attacks on Egg Reuters UK police have arrested three men in an investigation into attempted robberies of Internet banks, including well-known Egg pic, and have warned that bank robbers are turning to a new weapon
      Reuters  -  677 words
    • 282 25 LONDON AFP A CONSORTIUM led by entrepreneur Richard Branson was yesterday named as the preferred choice to run Britain's National Lottery, but still has to improve its bid to win the licence, lottery organisers said. The announcement leaves current operator Camelot
      AFP  -  282 words
    • 713 25  -  Wall Street stays nentral but analysts say chances for a rally are rising Frottii Andrew Marks in New York A GROWING chorus of economists believes that the Fed is done with raising rates, and that its next move may
      AP  -  713 words
    • 278 25 SINGAPORE Reuters THE Royal/Dutch Shell Group is expected to sign a US$4.3 billion (557.4 billion) petrochemical venture with China National Offshore Oil Corp (CNOOC) in October after years of negotiations, company officials said yesterday. "We reached agreement on outstanding issues regarding negotiations
      Reuters  -  278 words
    • 197 25 NYT THE following is the text of the statement issued by the Federal Reserve's Open Market Committee after its decision on Tuesday to leave short-term interest rates unchanged: "The Federal Open Market Committee at its meeting today decided to maintain the existing stance of monetary policy, keeping its
      NYT  -  197 words
  • Page 23 Advertisements
    • 331 23 Editorial: More than a bonus needed, Pg 14 2 ttf kt iH/fcthec cle&rte/ v«Je4afe|es. JiJ s«Ao lef Info Jt-C&Uier cnckent foc4he HOT 2 Jfeor*. 9w tkc olcl elays. ctimJoiwf tk« Li.tcU»w ladder ci rcstavtrawt was a tewg j awd arduous precass. 4 I *J_*M case Lw_ peewt, k«r« I* ~y
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  • Page 24 Advertisements
    • 1768 24 yTI Boustead Singapore Limited Since 1828 NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Boustead House, 63 Übi Avenue 1 *06-01, Singapore *****7 on Friday, 8 September 2000 at 10.00 am to transact the following business, viz: As Ordinary Business 1. To
      1,768 words
    • 304 24 1 1 Since 1975 our worldwide of over 275 multi-disciplined professionals I A V Y 'i including lawyers, chartered accountants. A chartered secretaries and bankers have Bp J A provided confidential and cost effective V ifl company formation in all the major low Mm fax areas including: Incorporation Fees from
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  • Page 25 Advertisements
    • 395 25 ®et It's the 21st century and predictions are lx*ing made abtxit tlx* organisation of tinfuture and the shape of the new workplacc-so wlut do the experts say? A recent paper pa-pared l>\ HeopleSott in ctmjurxiion with analysts Ifcivett iSc Associates, sums up tlx.- results of a three-year study of wtwkplacc
      395 words

  • FINANCE & commodities
    • 316 26  -  SGZ Derivatives TrtMagßeports ST Index/MSCI S'pore Index Chan Yet San Refco Singapore THE Singapore stock market ended lower yesterday for only the second time since the National Day holiday. The Straits Times Index lost 20.06 points or 0.91 per cent to end at 2190.45
      316 words
    • 190 26 ENERGY REPORT Reuters [LONDON] Oil prices vaulted higher again yesterday as dealers reacted sharply to news of an unexpected decline in US petroleum inventories. London Brent blend futures gained US$l in early business to U5530.93 a barrel while US light crude in electronic trade
      Reuters  -  190 words
    • 269 26 Bloomberg [SINGAPORE) Sugar prices, which have more than doubled in six months, could rise to their highest level in more than five years because of poor harvests in the top two exporters, Brazil and Australia, traders said. Prices could rise as high
      Bloomberg  -  269 words
    • 332 26 Reuters London THE euro fell to three-month lows against the dollar yesterday and was holding close to record lows amid concerns that the euro zone's economic recovery was slowing at a time when interest rates were still rising. The puzzle European monetary authorities now face sharply contrasts with
      Reuters  -  332 words
    • Article, Illustration
      1272 26 PITERBAME CROSS RATES A uy 23 A$ CS Rmt Euro Ffr Dm HK$ Ind R» toipMi Yen Wow BM K2$ Pafc Rs Ptso S$ Band Sir MT$ Bafct Pound US$ Australia 0.845 4.736 0.639 4.191 1.250 4.450 26.*****.986 0.6H 6.360 2.168 L315 31.195 25.623 0.978 4.845 0.994 17.716 23.124 0.386
      1,272 words
    • 1921 26 SICOM FUTURES Aug 23 RUBBER (futures dosing as at 5.30pm) RSS1 CONTRACTUS cents/kg) Close Volume OpM Month High Low Sett (towns) Interest Sep 00 115.25 Oct 00 116.75 No* 00 118.00 Doc 00 H9.25 RSS 3 CONTRACT (US cents/kg) Volume OpM Month Hkjh Low Sett (towns) Intftst Sep 00 65.75
      1,921 words

  • STOCKS east asia
    • 2827 27 HONGKONG AFP n Hang Seng -***** HONGKONG share prices fell 1.4 per cent yesterday, led by falls in Pacific Century CyberWorks and China Mobile on rumoured share placements, dealers said. The key Hang Seng index lost 240.88 points to close at 17,427.40
      AFP  -  2,827 words
    • Article, Illustration
      950 27 Reuters QShenzhen Binder -4.46 CHINA'S hard currency B shares closed sharply lower yesterday, with Shanghai's B share index diving more than 9 per cent under pressure from a technical correction. Rumours that China was not planning to merge its A and B shares markets spread in the afternoon, adding
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  950 words
    • 2007 27 TOKYO AFP Q Nikkei 225 -l&Ot SHARES in Tokyo edged down 0.1 per cent yesterday on moderate profit-taking but brighter prospects for the Japanese economy prevented further falls, brokers said. The Tokyo Stock Exchange's key Nik-kei-225 Index closed 18.09 points lower at 16,436.65 points. The
      AFP  -  2,007 words
  • Page 27 Advertisements
    • 94 27 g.-^wSiS^HS ■t^ i Pfj^l, ll g 1 ij I Photo essay a creative way to recruit the riqht talents. U— J 1800-741-1883 The Taipei market was closed yesterday JTe* 4t- lUL AIV Mf-y,-, ft Ir.gM RVnv Jfc c*m >** ?TH «ft wmitit wanto 2* fhj S tUL «*f **f* fir
      94 words

  • STOCKS klse
    • 363 28 AFP yiOmnpoatelndßi *U% MALAYSIAN shares ended 0.1 per cent higher yesterday in lacklustre trade in the absence of fresh leads, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 1.16 points to finish at 809.05 points. The second board index shed 1.19
      AFP  -  363 words
    • 8722 28 MOUSTIIMU Csmmmt prefects 2000 Lm( Vol Oty Ntt Cap High Law Company Sala 'OOP High Lour P/E Smll 420 310 Aiinomoto 370 20.2 150.0 IM 62 Angkata 65 5 -OS M 68 65.5 *6.6 670 290 ApoMo Food Htg 468 -10.2 187.2 3725 2700 BAT 50« 3475 unch 120 34.5
      8,722 words
  • Page 28 Advertisements
    • 49 28 ftIMLD U7YOUR f m f~i If I HI I I aiiiejSwwr < y> j —J— IPO. Shares. Bonds. Stocks. Annual Reports. Whatever you're offering, we help you reach out to 86.7% of all adults In Singapore daily. The Straits Times The Business Times Lianhe Zaobao Berita Harian Tamil Murasu ISOO-741-IM3
      49 words

  • SGX clob & regional stocks
    • 2816 29 BONDS WARRANTS Aug 23 ■t Ms M UpkT U-SMk UK On «<| tmmt Can Urn Mac MOa M# Lw Cl»pil| Ml «ar- (000) IN* Lot hnr*r Mr Mm I Mil —M» Mm «lllH|T UN 51.5 12.5 Acma ******4 13 -1.5 122 15 13 13 15 14 41.0 1 300 177
      2,816 words
    • 536 29 AFP HAHOrthtfto* AUSTRALIAN share prices rose 0.3 per cent yesterday to another record close, supported by key resource stocks and further gains in News Corp, brokers said. The All Ordinaries Index added 9.8 points to 3,322.7 points while the SP/ASX 200 gained 11 points to 3,364.4 points. Turnover totalled
      AFP  -  536 words
    • Article, Illustration
      772 29 AFP fl SET Index -BJI THAI share prices fell 2.6 per cent yesterday with heavy selling focused on the finance sector as a round of profit-tak-ing hit the bourse, brokers said. The Stock Exchange of Thailand (SET) Composite Index fell 8.11 points to 308.37 points while the SET 50
      AFP  -  772 words
    • 284 29 AFP Q Composite Index -5.67 PHILIPPINE share prices fell 0.4 per cent yesterday due to profit-taking, analysts said. The Composite Index fell 5.67 points to 1,491.31 points. Volume rose to 549.83 million shares worth 700.51 million pesos from 567.9 million shares worth 477.1 million pesos on Tuesday. AFP *•4
      AFP  -  284 words
    • Article, Illustration
      698 29 AFP nOmpoateMßi +3L30 INDONESIAN share prices closed 0.7 per cent higher yesterday over news of the snap announcement of the new Cabinet line-up, dealers said. The Jakarta Stock Exchange Composite Index closed up 3.30 points at 503.40 points, off a low of 499.55 points, on volume 0f643.6 million shares
      AFP  -  698 words
    • 269 29 AFP Hmse-M H» NEW Zealand shares ended 0.2 per cent higher yesterday despite a sharp fall in the local currency, dealers said. The NZSE-40 index rose 4.29 points to 2,100.89 points on a turnover of NZ$l45 million. Fletcher Energy rallied 25 NZ cents, or 3 per cent, to NZ$7
      AFP  -  269 words
    • 304 29 AFP n Composite Index -1&82 SOUTH Korean shares fell 2.5 per cent yesterday with the Composite Index down 18.82 points at 719.79. Volume came to 297 million shares. —AFP ta|21 WW Anam Semi ***** -350 Brim Tech MO -20 Central Bank 60S 0 ChetlComm *****0 -500 OeeGuBenk 2085 -25
      AFP  -  304 words
  • Page 29 Advertisements

  • 10080 30 —T ii i m ar —I lin»n 'W»WliMMIWt1 mi hi SGXMAXNBOARD Transaction date: A ug 23 Cr Gr M Wt 52-Wk Last Vat Day Last Quote Dlv Dlv YM Net Cap Ava Mtf* Low Company Sale COOP) High Low Buyor Salter C'»r P/C $mll Prtea MULTI-INDUSTRY 163 101
    10,080 words
  • Page 30 Advertisements
    • 68 30 "My watches are a hundred years behind the times. ttttllk A certain me going. 3E|jj|j^SL to improve Fins up to same perfection and precision; the aesthetic clarity v) years ago. This step Lward 5 really CHRONOSWISS J |.1 Faszination der Mechanik rf l\ ./J Forward. An philosophy in today t;
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  • Page 31 Advertisements
    • 492 31 Where to wine, dine and BM^ 5 Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: #23 (Adult), 40% discount (Child) Dinner: $26 (Adult), 40% discount (Child) For reservations, please call 290 8005/299 9011. Prices subject to service charge &gpvt. taxes
      492 words
    • 62 31 COURT DINING At Pine Court Chinese Restaurant LUNCH 12 noon 2.30pm DINNER 6.30pm 10.30pm gg Reservations 831 -6262 »i SS J I .Haiukirin St/%£ty»arr _j WSb IJI Orchard Road. Singapore 2 ***** Tci: 737 4411 fax: 732 2361 pP'• I ■ifci Jfr Wine. Dine EntSalii I Business Times I j
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  • Page 31 Miscellaneous
    • 893 31 ■in rrrrsTfi^n M t„i cords Primetime. Dunia. L3O Search World's Best uw 9.00 Tonight With Gurmit. 740 Fikir-Fikir. (r). 9.00 AM Kids Central: Sesa- 9.30 News 5 Tonight. 7.30 Frabik. 2.00 Headline Graphics. me Street. 10.00 Frasier: Where Every 8.00 Berita. 2.02 to 6.00 am Real time Fi- 10 Jamborep:
      893 words
    • 309 31 CR7PTIC CROSSWORD ACROSS 6 Man against dividing the profit 1 Careless sort of labourer? (6) 4 Scrounger next door living 7 NoW performance, it may be game of cards (6-2) s®" l 7). 10 Second part of 4 across (9) 8 w |V h 11 Henry, disheartened, followed w^n Victoria
      309 words

  • MOTORING page
    • 493 32  -  Crude seen hitting US$4O a barrel in next few months All reports by CHRISTOPHER TAN MOST oil majors operating here are clueless when it comes to the trend of crude prices. Either that or they are, for one reason or another, afraid
      CHRIS LOH  -  493 words
    • Article, Illustration
      111 32 These are some of the 84 stolen vehicles recovered by the police in what's believed to be the biggest case of its kind here. Sixty of the vehicles, including fashionable of froaders such as Honda CRVs and Mitsubishi Pajeros as well as luxury choices from Lexus and Honda,
      CHRIS LOH  -  111 words
    • 360 32 Launch of three heavyweights set to fuel competition REPLACEMENTS for three heavyweight Japanese models will arrive between September and November a phenomenon that could drive up COE premiums. Toyota's new Corolla, Honda's seventh-generation Civic and Mitsubishi's latest Lancer as well as Nissan's
      360 words
    • BUMPER to BUMPER
      • 125 32 TAN Chong International is expected to post a 50 per cent jump in interim earnings to HK$l36 million (5529.9 million) when it releases its results next Monday, says G K Goh Research, one of the few houses that foilows the industry closely. G
        125 words
      • 89 32 PERFORMANCE Motors, the agent for BMW vehicles here, is inviting 40,000 people to the BMW Experience, a two-day carnival by the Kallang Riverside. Scheduled for Sept 2-3, the event will see the unveiling of the new GS6SO motorcycle, a waterski championship which Performance is
        89 words
      • 63 32 SAMBA and Seoul mix well after all. Kia distributor Cycle Carriage garnered more than 100 bookings when it launched the new Rio with a Latino party last Friday. Besides a buffet of South American dishes and music from a Mexican band, the evening fiesta
        63 words
      • 74 32 TOYOTA distributor Borneo Motors has brought in the Lexus RX3OO, a luxurious multi-terrain vehicle that combines Lexus refinement and rugged spottiness. Unlike parallel-imported models on sale here for the past year or so, Borneo's RX3OO features a Euro 11-certified three-litre V 6 engine with
        74 words
      • 97 32 THE Falken Rally kicks off this weekend at Kallang Carparks B, C and F. The 11th in its series has Stamford Tyres as its main sponsor. There will be 16 special stages, with eight at night a record number. There will be 60 cars
        97 words
      • 98 32 IF you want a silver 1964 Porsche 911 in mint condition, where do you start looking? With the Porsche Locator, the answer is just a few keystrokes away. Porsche has teamed up with a few parties to set up this Internet-based search engine which
        98 words
      • 60 32  -  Compiled by Christopher Tan SKODA sales for the first seven months of the year rose 5.7 per cent to 246,145 units worldwide. Western Europe led the growth with 132,062 cars sold, up 11.2 per cent. The flagship Octavia garnered 93,043 deliveries, while the Felicia line-up saw
        60 words
    • 1451 32 Average open market value (OMV) of cars fegistered in July. Mooawtf cc moum ttooeuum cc weomv$ ALFA ROMEO A1461.6IS 1J596 17,65? HONDA CTFY4A 1,490 14.984 i AtBfc HOMEO A156 2.0 tfflD 26X3B9 HONDA CITY 4M 1.490 14XE3 AUDI A3' 6A3DR 1596 ytaaK HONDA OTYVTEC4A 1.493 ***** AUQA315A5CR
      1,451 words

  • Page 33 Advertisements
    • 52 33 Cash for your shares! Call us at Come to us for fast, easy HOTLINE: 880 0688 and hassle-free share loans at low interest rates. CmPAPHPA East Coast: 348 8262 Beach Rd: 292 1459 r- OIHUfirUIIM Bedok: 445 8011 Bukit Timah: 467 1916 Up to 70% financing. Ang M0Ki0:*****22 Serangoon:299BBss 1
      52 words
  • EXECUTIVESuite
    • Article, Illustration
      2991 33 HDB transactions between July 20 and Aug 16. TYPE/LOCATION POSTAL CONTRACT BUILT-IN PRICE PSF CODE OATE (SOFT) (SS'OOO) (S$) 2 Room (Simplified) JlnBatu *****8 04-Aug-00 624 85 136 2 Room (Standard) Jin Klinik *****0 30-Jul-00 592 95 160 Tanglin Halt Rd *****0 25-Jul-00 452 76 168 3 Room (Type
      2,991 words
    • PERSONAL SPACE
      • 707 34  -  Air France regional director Jacques Clabaut and his wife share with columns kbbx the joys of residing in a spacious colonial bungalow with sprawling gardens CORINNE KERK NEARLY 30 years ago, as a young Air France manager stationed in Colombo, Sri Lanka, Jacques Clabaut and his wife
        PHOTOS BY CHRIS LOH  -  707 words
    • PROPERTY
      • 378 35  -  Lifestyle will be selling point of the Portside near Darling Harbour, surxndersxnoh reports SURINDER SINGH CITY living in Sydney is coming back into vogue and Australand Holdings, the Sydney-listed subsidiary of DBS Land, is well-placed to cash in on it. Two weeks ago, it launched a
        378 words
    • 2276 36  -  While property experts see residential DCs staying put come Sept 1, they are divided over the direction of DCs for commercial, industrial land. kau*ama rashiwala reports KALPANA RASHIWALA Development charges for residential land are expected to stay put come Sept 1, say property experts, citing the current
      Source: Jones Lang LaSalle Research  -  2,276 words

  • Page 34 Advertisements
    • 34 34 gyiteekendß thursday-sunaa* august 24-27 2000 rftflcf eat-drink-romp guide to **"OSV the Singapore coastline > alona beach bum must-buys > m*m hottest chilli crab > best flllS Singapore sand > boat iiiaal#ai%#l people > sunset cocktails WCCKBVIQ > hollow man review
      34 words
    • 90 34 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. t Another Classified Service f DBS SECURITIES BUILDING 22 Malacca Street (Raffles Place) Existing 16-storey office building By Next to Raffles Place MRT 3 Interchange station Tenure 999 years Redevelopment Potential up Jjjjß Sept
      90 words
    • 145 34 FOR SALE BY TENDER 331 YIO CHU RANG ROAD New 3-storey building with roof terrace and commercial space on ground floor/ S basement Ideal for retirement care home and elderly care home 999 years leasehold GFA: 1,834 sqm approx. Ml JS> ■fl r Site Area: 1,008 sqm approx. S Proximity
      145 words

  • Page 35 Advertisements
    • 206 35 /WRv Jones Lang w LaSalle. A Modern 6-storey High-Tech Logistic >£< warehouse with ASRS /j Site Area: Approx. 82,603 sq ft I Existing GFA: Approx. 118,072 sq ft II Tenure: JTC 30 30 years wef 1 March 1995 FOR SALE BY TENDER Closing 29 Aug 2000 Tues at 3 pm
      206 words
    • 33 35 Classified First. W V fJTv Looking for a holiday destination? Or simply getting away from it all? Top of your itinerary: Check The Straits Times Classified First. Buy It. Sdl It. Find It.
      33 words

  • Page 36 Advertisements
    • 66 36 r..' 5 i H V i-. > Ihe Ascott Singapore Ihe Won \la\lair. I ondon Ihe Won Jakarta Ihe Aston ktuli I umpur fhe Wott Pudon# Opening 4th Ot. _<)(.< Stamford our H<> < i:i M ,r. i Stamford (ourt I honulor. liangkok Stamford ourt Salcedo Mjlsati. Manila St.imt" r
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  • SHIPPING TIMES
    • 324 37 Bridge THERE was talk of the market being busier both in the Atlantic and Asia for Panamax tonnage, but little fresh news was reported fixed and rates generally remained steady. Some pointed to a firming in rates in the east. Capesize trading was once again flat with little
      Bridge  -  324 words
    • 296 37 MX IN MM W CWT Distribution 0.76 -0.01 16 Chuan Hup 0.40 unch 3100 Cosco Investment—0.20 unch 76 Freight Links 0.19 unch 187 GB Holdings 0.62 unch 0 Hai Sun Hup 0.38 -0.01 626 IMC Hofctngs-HK 5.60 unch 0 Jaya Holdings 0.17 -0.01 726 KeppelCorp 3.96 -0.08 961
      296 words
    • 502 37  -  Rotterdam stays in top position, based on container volumes in first half By Donald Urquhart [SINGAPORE] The Port of Antwerp has created a minor stir among European ports, climbing a notch to second position based on first-half figures for the year.
      FILE PHOTO  -  502 words
    • 244 37 AFP [SEOUL] France's industry minister Christian Pierret warned that South Korea would face action at the World Trade Organisation (WTO) unless its shipyards stop alleged unfair practices. Mr Pierret, who also leads the European Union (EU)'s industry council, urged South Korea to settle
      AFP  -  244 words
    • 148 37 [STOCKHOLM] Gregg Bemis (centre) aboard the One Eagle is approached by the Swedish Coast Guard in the eastern Baltic Sea. Swedish and Finnish coastguards boarded the One Eagle early on Tuesday to inspect the crew but found no one from Finland, Sweden or Estonia, whose
      REUTERS  -  148 words
    • 254 37 Bloomberg [MANILA) International Container Terminal Services Inc (ICTSI), the Philippines' largest port operator, said it is looking to increase profit from overseas cargo handling by expanding in Japan and Brazil. ICTSI is on a shortlist of international and Japanese groups bidding for
      Bloomberg  -  254 words
    • 181 37 Bernama [KUALA LUMPUR] Port Klang, the largest port in Malaysia, is targeting to be among the world's top 10 ports by the end of this year. Transport Minister Ling Liong Sik said. He said that in line with this aim,
      Bernama  -  181 words
    • 286 37 IMO to study possible effect of ban to take place by 2015 Bloomberg {BRUSSELS] The International Maritime Organization criticised a proposal by the European Commission to phase out single-hulled oil tankers to prevent a recurrence of oil spills like last year's off
      Bloomberg  -  286 words
    • 250 37 Bloomberg [AUCKLAND] Ports of Auckland Ltd said second-half profit rose 25 per cent as New Zealand's largest port operator cut costs to offset competition for container traffic. The Auckland-based company's profit from operations in the six months ended June 30 rose to NZ524.3 million
      Bloomberg  -  250 words
    • TWA crash
      • 786 38 The air safety board concludes the jet was ripped apart when its centre wing fuel tank exploded just after takeoff AP [WASHINGTON] OPENING the final chapter in the longest and most expensive crash investigation in its 33year history, the United States National Transportation Safety Board began
        AP  -  786 words
    • 176 38 PAGE Donqrvanw 3 ACL 6 tastrws 6 ANL 3 "I < ft Accord 8 ECU Line 6 Appenship 5 E»wgr«n 6 Assets 8 foonq Son 8 Austral 8 7 Balaji SUpq 5 c Linl1 4 7 Gemartrans 6 Btang Mas 8 Hin 9'' 7 CCNI 7 Hanjin
      176 words
    • 19585 45 thebusinesstimes THEBUSINESSTIMES EXPORT ETA ETA Adv*rtrs«f Vess* Voyaq. T.l.phon. I ETA ETA Adv.rtis« V.SS* Voy*. SIN D.st'n Nam. Nam. Numb.r SIN 0«»n s.m, Nam. Num«*r I 07/09 17/09 Hanjin FEI YUN HE 5M 65-*****35 To ABIDJAN (ABJ) 2003 Cote D'lvolre »/m wt rv yun he w «mw^ 02/09
      19,585 words
    • SHIPS IN PORT
      • 699 49 Vessel Voy No Berth Arrival Departure Tain tlt 56 J- M 23/08/7:55 28/06/23:00 MUMT Putri Auq-Ot J02 23/08/6:35 23/08/23 00 i 82SOO J03 23/08/7:40 23/08/23:59 8avswater118 M0207 J02 23/08/8:45 23/08/16.00 ?S7nO 2308 J13 23/08/9:35 2S/08/I500 C Success 23-Aug J09 23/08/9:45 23/08/1700 H 23 162 J02 23/08/1000 23/08/17:30 Kmtransl0O6
        699 words
      • 1933 49 RECEIVING Of EXPORT Fa CONTAINERS AND LCI CARGO Booklnq/Manct Rstli Ship Voy No Etb/ttr Ported From To Frow Al MAM YAM i 25/130 22/1500 22/1*54 22/BOO 2A 22/1700 23/0*59 W?*X 2t 22/1700 23/0659 23/0*00 23/0700 21/1159 21/1400 4 23/1200 21/M59 23/TTOO ALAMJAYA 2 1705 2VBJ0 B 22/BOO 22/1659
        1,933 words
      • 176 49 AagZl Philippines: National Heroes Day. Aa(2B United Kingdom: Summer Bank Holiday. Aag 31 Malaysia: National Day. Bap 12 Korea: Harvest Festival Day. Taiwan: Mid-Autumn Festival. Bmp 13 Hong Kong: The day following Mid-Autumn Festival. Sap 15 Japan: Respect for the Aged. Sep 23 Japan: Autumnal Equinox Day. Oetl
        176 words
      • 785 49 THIS report, compiled by Cockett Ma rtne OH Ltd. shows price ranges In US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change
        785 words
      • 387 49 C«tM no No 990.1 0.6 *.1 0.07 79 0.05 Mjn VZ™ *7 7 ol as 0.0? 34 0.03 5 Z 997J 6.9 17.4 0.17 73 0.07 Mjrl »/Y M/M M/M WW —W Wo 635 I _6 0 I 0 0 555StS» s£Te25 991 To 00 o!io
        387 words
    • AIR & LAND transport
      • 440 50 Accident rate, though improving, most be cut farther given the projected increase in air traffic levels AFP [LONDON] A major aircraft will crash every week by the year 2010 unless the current accident rate can be reduced, the International Federation of
        AFP  -  440 words
      • 307 50 High fuel prices, weak euro pushed carrier into 2nd qtr loss of 6.4 m euros Telegraph [BRUSSELS] Virgin Express, the low-cost airline, nosedived into the red in the second quarter of this year because of soaring fuel prices and the weak euro. The Brussels-based company,
        Telegraph  -  307 words
      • 625 50 AP [TAIPEI] Since a China Airlines jetliner flipped over and burst into flames in Hongkong one year ago, the Taiwanese carrier has made its biggest effort yet to shake off its reputation as one of the world's most dangerous airlines. It has
        AP  -  625 words
      • 297 50 Delayed flight to Japan turned back because it did not have permission to fly over China AP [NEW DELHI] More than 300 passengers on an Air India flight took off for Japan after a 36-hour delay caused by a mechanical problem but returned six
        AP  -  297 words
      • 263 50 Bloomberg [HONGKONG] Cathay Pacific Airways and British Airways are stepping up competition by offering beds to premium class travellers without raising fares. Cathay, Asia's fourth-larg-est airline, will put first-class cabins in some of its Airbus Industrie aircraft on several medium and long-haul routes
        Bloomberg; REUTERS  -  263 words
      • 2017 50 an riKMT n* rucm en $***** won so2* 2350 MMtt am* wm mam ass Mr am mo ora 2055 J* AST3S3I 22B MB229 2230 W3B 1 1*6300 22)0 FrtMt* SOMl BIO S0990 ono ***** 2230 S0003 l« C2352 0M0 MMh S0327 0TB UW 0040 COM »6
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  • Page 37 Advertisements
    • 259 37 TWA crash: sabotage ruled out, Page 2 IYI 777 NORTRANS SHIPPING AGENCIES is a company in the NORTRANS GROUP involved in Shipping and Shipping Agencies nortrans (Offshore, Ship Management). y SHIPPING AGENCIES PTE LTD I The Group's shipping activities were established in 1982 and has built up a I substantial
      259 words

  • Page 38 Advertisements
    • 201 38 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Australia, New Zealand, Asia, Middle East, Europe and North America, you're always in touch with NYK with Real-Time Shipping Information (global home page) www.nykline.com SENLIM AGENCIES PTE. LTD. I 133, New Bridge Road, *08-09, Chinatown
      201 words
    • 707 38 Lines services represented by Members of the Registry of Members of the Accredited Shipping Agents, Sin 9 a P° r e logistics xg»«» Singapore Shipping Association Association g ULY UNK MALE vissa Tvoy Tn* Tn* m P. KLANG SPORE MALE Empress Lily VO7OO 27/08 30/08 06/09 Princess Lily VO6OO 13/09
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  • Page 39 Advertisements
    • 911 39 SAX SWYKI (PWECT) vesa vor sun ux ok mi hou oo ax mhi ai wtc API TURQUOISE OSS N/07 10/06 IS/M 15/0# 15/N 15/08 15/01 IS/N 14/N H/N nisnmntx mT n/m 1W n/w n/m n/m n/m n/m n/n n/n NHOUNMiM 09AC N/N 24/N 29/N 29/N N/N N/N N/N N/N N/N
      911 words
    • 1732 39 (p) HANJIN SHIPPING iikFl U iMs Mr* Lot -Mb *****30 HAMJM SMPftW ft) m iTP N»//— tmm cm MOmC ********** MB *****74 731 OOQMBU *****71 774 OftUTKMB *****W751 MM* UWt *****5S FM *****45 OHO I ********** M TO NW USA CANADA USA CANADA* mtvu/vor I m I umhaul/vot STI *5
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    • 292 39 VBSa VOY Si TO ¥0Y SM HKG ffl. JM_ NS_ M J* mmmvnm mis «/m ii/w oj/w m/w nfi S/8 ~ES~ Aawour lIM H/M 30/W 01/W Hffip -M gg_ TFTi BOtAAEtS IMS P/M M/W 10/W KMTC HONGKONG I ITS 17/W 71<M PIM 30M 13/W 15/W M/W M/W 1 UP I
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  • Page 40 Advertisements
    • 1509 40 SENATOR LINES TO UK/CONTINENT TOBIEMTERRANEANdANADA vroa w •S" l£m wm abm ham wv flx ma mot a «t «n fw wj win POHAN6 SENATOR OOIJW 72 K MM I(.M 11M l!H 13 M 14 M CMOYMBCHMKZ MM MM KM 12M 14M MM DM HAIUM KW TOM MIM7W MM 17 M
      1,509 words
    • 850 40 m. am MAC-NELS S'PORE M'SIA Canton MM COVTR UMES, MC kqudmo;(P)m»« V J PENANG: (04) *****36 BANGKOK: (IK) *****67 SURABAYA: (31)*****1 P- KBLANCfc (03) *****77 JKT (21) *****46 KUCH66Q <862» *****1-3 MANZAWLLO (MEXICO! MV "SCANDIA" V.2902E ETA SIN: 30-8-2000 VALPARAISO MV "PROSPERITY CONTAINER" V.PCOO3N ETA SIN: 30-8-2000 POfOOWm, MM CALLt
      850 words
    • 650 40 EXPRESS CMTNNER FSOER FOR N.SHPM (CFS MULUNO, MUMIALCOLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTER* I.C.D PUNTS Veml S PORE N. SHEW COLOMBO PKLANG CAPE CREUS VIIIW 27 AUG MSEP H SEP 15 SEP CAPE CANAVERAL VI2IW 13 SEP 12 SEP 11» 22 SEP TULSIDAS V 1M II SEP II
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  • Page 41 Advertisements
    • 1634 41 IOVESSEL VOY HKG KHH SM PKL DX» »AI ORAM NIK IRAN HORMOZGAN PCL-169 25/08 27/08 31/08 01/09 08/09 09/09 11/09 13/09 IRAN TEHRAN PCI-170 01/09 03/09 07/09 08/09 15/09 16/09 18/09 20/09 IRAN TABATABAEI PCI-171 08/09 10/09 15/09 15/09 23/09 24/09 26/09 28/09 IRAN HERMAN PCI-172 16/09 14/09 20/09 21/09
      1,634 words
    • 1018 41 i«sKKOi imri "1 sssr }i—l MUM WgmmT| I GENERAL AGENTS IN SINGAPORE SO ROMNSON RD TO: 226 1900 FAX: *****00 OUTWARD (l/l) I COSTAR SNIFFING PTE LTD 112-00 SAUS/lIGS *****57/43 INWARD DEPT (0/0) *****06 COSTAR AGENCIES (M) SDN MD CRNO: **********0 M SINGAPORE *****0 CONVENTIONAL *****01/050 T/SHfMTDEPT *****25 TIL 02-07-35
      1,018 words
    • 813 41 nron [IMPORT i I I I PSSSSHMI iOl Wt j O3/10 120/10 1 22/101 23/101 24/10|25/*****/10 |tU MIKSaS 0031 [07/00 |oQ/W 111/W 14/W 01/10 MgMMUßmilil lIBM IMNIPACWC SBVICi EXPOKT IM»oiT vtssi i VOT lan If I oil |o«— aooon wt nm rasa w m am m 6641 M/M lu/W »y/W
      813 words

  • Page 42 Advertisements
    • 583 42 mSmamSM mmomAM/9CMwm4MA/rmu*mmimA «EVK» nwrr VESSEL/VOYAGE IST" RDM ~THT ANW IHV^ ALSO ACC7TMG CARGO TO AND FRORfc- FMUND, DENMARK, SWEDEN, RUSSIA iWMW EXPORT vcssa/yoTAd |sgp |ao fvw ois |bu |rdm |mv (top m Jueuuoosn)lfl» 1*1)4 Xjfr iWltf»J 7tl9 UMEOOSOOOSW 7i/W[W.W 21/fflj2VW* HW miKßdiHWiiw li^^MMl*w|P/w[i^[»^|()i/io ALSO ACQPTM6 CARGO TO AND FRORb- VARNA,
      583 words
    • 323 42 MPORI VfSSa VOYAGE SGP CMR DUR JRA AtU DRW RAH KM HV SONG HE 01SW 75/01- 05/01- 01/01UM ASSan M27-020W 20/0101/01 06/09 07/W 01/01 um fiuoer oi3i«i2w 21/00 02/w 00/w «/w n/wis/w 2HUANGHE OIS4W 01/W 12/W- 14/W- 11/W--UM ADROIT 0420D23W 04/W 00/W 13/W 14/W 15/W UM ASSURE 0140-013* 05/W W/W
      323 words
    • 938 42 ADVANCE CONTAINER LINES (PTE) LTD §X I I TEL: *****21. FAX *****19, TELEX :RS ***** ACLPL CR NO **********06 K* BOOKINGS PUASt CAU: *****22 SALES A MARKETING *****21-21 ■ANOKOKJAKARTA-(7 »*l»»/»»e*) Vgsa VOT SH WK vtssa voy I hw jkt YANTRA BHLMRMI 355N 26/8 Srt 29/8 3* SNAg SUNDA lUTCI) 076
      938 words
    • 391 42 SO TEL OK SIANGAN ROM) <C« CmPORT CENTRE STORE *****0 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W VESSa Ett ETC OESIMfIm MMUKWA SUM 2MHM 27 MOM PHL HUM ucun itn rmnm vmnm muntok KMJUH 12/2 M 3MMM 31W2M PONTMNM ummu sum oimzn turn/am ponimnm nmukmm
      391 words

  • Page 43 Advertisements
    • 461 43 1 BSflx M MYANMA IHBk FIVE STAR LINE (Myaanor Natioaal Lmt) w Loadiag for Yoagon vissa vor sin m m phi SAGAMG 48W SU smwi MW 31/ M MALAYSIA AGENTS: 60USTEAD SMffWG AGENCKS KUL TE 03-*****00 KL TH 03-*****101 fOt IB 04-*****02 PGU: m 07-*****21/4 BANK LINE (A Mrvkt ttAa*»wW*SHpyfcg)
      461 words
    • 1207 43 mm aw l l HYUNDAI MERCHANT MARINE CO./ LTD. Ivtssa VOY |SM SOU I IB! I WM lAM 1 HAM ITV IVfSSB VOY SOU I RIM lAM I HAM IMV| SM I BH S42W 24/68 11/09 14/09 13/09 14/09 HYAfiMMAI 3271 31/07 OS/66 02/66 03/66 24/66 LA LO6K S36W 25/06
      1,207 words
    • 751 43 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HIAYYUFT SERVICE' fvissa VOY I RAMP HCtGHT SIM lUC I MAO MUA SAV RAL OtF NYC WW MM TOAS AHOI7 4001«h 6.3 M 27/01 25/09 03/10 04/10 25/10 10/10 TT7HT" 13/10 17/10 20/10 TOM AHOIS 400T«h 6.3 M 10/09 09/10
      751 words

  • Page 44 Advertisements
    • 729 44 SAMOKOK/MAP TA PHUT/LARM CHA»AMO wk«i I vnt m MM HE Lol— M M JL Mimti MUIM ttUI H/M 30/08 71/08 till IHUM lifil I —2LM 27/Pt WfflAlttilM 21a afl« Kii'ilcniw a» v/m an/m xethaihom- 3SOW Jim Mi ML- ooaicfuuM M 2LH U/M aim <IK n/« oi/o? ML Kn'uDf# ;?i} BAM
      729 words
    • 362 44 INDONESIA NATIONAL LINE TO AUSTRALIA "T RUL COWPMNEWBEHVICE vs. m m msnm.mm.rn MIMMV W M/Ml9/M M/M »/W H/M is/W mmuu) "m n/»m/m Tvw vim \ym n/w USUGAI IsT 11/WH/W l»/W M/W M/W W/W HWMMM l»/M H/W 19/WH/MM/M M/ 19 FEEDER SERVICE TO INDONESIA 1 vv vot murou uuuru sbmmik iu
      362 words
    • 379 44 VESSELS I VOY T'sN PKL JED MU LEH I RTW HAM Zg 9QT V3OW 2B*oB 2»QB 07/09 12/09 17/06 IjMDB 21/08 ZVO9 24/09 ALSO ACCEPTWG CARGO TOAUU.K. DESTINATION, SCANWNAVIAN (AARHUS. COPENHAGEN, GOTHENBURG) AND OTMBI EUROPEAN MLANO PORTS lyrong VOY 9N PKL CMB MLA BCN FO6 I PC* NAP V 1
      379 words

  • Page 45 Advertisements


  • Page 47 Advertisements
    • 51 47 I™/ Shantou, Dongshan, STL CONTAINER LINE ZhangZhou For Services To Vietnam Calcutta Tum 10 Pg 3 Mon/Wed/Fri Pg 7 Worldgate Express Lines STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers Weekly FCL/LCL New Europe To EACT MAI aycia MIDDLE EAST/ EAST MALAYSIA E AS|A service DETAILS Pg S Pg 7
      51 words


  • Page 49 Miscellaneous
    • 120 49 L ..__^j2 oe LEGEND: Issued by Meteorological Service Singapore Thunderstorm jl Showers R a j n Temperature Wind direction and speed in knots Weather Cloudy Day Hazy Sea Conditions Wind speed symbols S|jght < 1 2m O Pull circle w/o line indicates calm or light and variable winds -'—•One half
      120 words