The Business Times, 14 September 2000

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Total Pages: 46
1 46 The Business Times
  • 12 1 TheBusinessTimes MITA(P) 035/12/1999 86C SINGAPORE Internet: http://business-times.asial .com.sg/ THURSDAY, SEPTEMBER 14, 2000
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  • 71 1 □m 2,***** (-3.97) QBT-SEI 11 806JI (4.03) □sr index nrruiEs 2jmM (+6.00) SQCX3 FUTURES 27L10 (+0.60) STWXHAIKET INDICES Wednesday Change KLSE COMP 746.57 +16.12 NIKKEI 226 16,***** _+160.29 HANG SENG SET INDEX ***** +262 JAKARTA COMP _442.09 -8J6 MANILA COMP _1,489.40 -7.49 TAIPEI WPI 7,991.66 +56.46 SEOUL COMP
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  • 72 1 FOBEZIATES uss ss USS 1.744 2(USS/SSper£) 1.416 S.4M El r R0(USS/5$/E) 9J67 1 Jll DM 1286 1-203 YEN 1072 61i0 RM UN 1179 HKS 7.7* 4.471 BART 41.84 tUS) RUP1AH 8,718 4,994 FUME BATES SINGAPORE* 5.80 KTALA LUMPUR 7.67 JAKARTA -39.W BANGKOK 9.5* MANILA _...n.W HONGKONG 8.80 TAIPEI 7.84
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  • 628 1  -  Exchange will suspend trading for 1 day: traders From I Shoeb Kagda in Jakarta A POWERFUL explosion rocked the Jakarta Stock Exchange building yesterday, killing many people. The blast also sent both the rupiah and the benchmark Jakarta Composite Index (JCI) sharply lower, as
    AFP  -  628 words
  • 993 1 Share-financed purchase will catapult group to No. 3 spot in US NYT, AP, Bloomberg [NEW YORK] Chase Manhattan Corporation is buying investment bank JP Morgan Co in a U5539.2 billion (5567.8 billion) stock deal that will create the third largest financial services
    NYT,; AP,; Bloomberg  -  993 words
  • 940 1  -  Bnt few hopeful of quick and effective response By Larry Wee [SINGAPORE] Global currency traders are keeping their eyes peeled for signs of concerted intervention by central bankers, as major currencies continued to be pinned down at record lows after their recent
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  • 294 1  -  Fear* of retrenchment in the ur u report says 15,000 jobs may be cut By I Siow Li Sen [SINGAPORE] Chase Manhattan Corp's purchase of JP Morgan Co will cause grave anxiety among the two banks' several hundred staff in Singapore. The purchase
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  • Page 1 Advertisements
    • 73 1 mama Oil crisis jB I Oil price rally loses momentum, Pg 4 Oil-linked inflation will shake Asian equities, Pg4 Use natural gas as alternative car fuel, Pg 16 Top stories Property fund GRA has USs7oom unused equity. Page Hundreds of S'pore startups have received venture capital funding. Pg 13 Bill
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    • 15 1 No US help for embattled euro, Pg 6 AS dip* to record low, Pg 6
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    • 94 1 ■u wt HHIThere are many ways to make yourself heard. What's yours? •f jW; i si m <sf jf V t *^P*7 ArtMM«iEf<cMr<Cmpi9Km Mi Shop at «oi-oi*M Omi MM Cfly MotiibW<W?<lC«N>C ■Hii>nOtfn>fl Safe S«ma* «LM S Jnlor 8 WTWT SHOP Ni-H Umplrw Mtf A*o Ml**m «f MhaMM >M«fl* rwandTwHaD Ml
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  • NEXT page
    • 678 2  -  BTiamiUl'iJ Besides HE and S'pore, it is eyeing Seoul, Tokyo and China Reports by\ Kalpana Rashiwala [SINGAPORE] Even after investing in a slew of projects last year, GRA Singapore still has more than US$7OO million (Ssl.2 billion) in unused equity from the US$l.2
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    • ON THE grapevine
      • 88 2 PETER Seah, president of Overseas Union Bank, couldn't help making comparisons with his rivals yesterday when he was talking about his bank's credit card business. He said that OUB acquired its credit card business in Singapore in 1993 "at a much lower price than what's
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      • 127 2 f <7 ADVERTISEMENTS can be hazardous. Yesterday, broking house Merrill Lynch ran a full-page ad in Hongkong newspapers marking its fourth decade in the city. "It pays to be committed," it proclaimed. Unfortunately, an accompanying photo of the Hongkong's skyline which changes as fast as the stock
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      • 88 2 THE Merrill slip-up, it emerges, originates from Singapore. It came from the Singapore office of J Walter Thompson, part of the huge advertising group WPP. The office was hired by Merrill to organise the ads and plan the campaign. It used a local photo stock agency to supply
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    • 447 2 Former Pidemco chairman aim* to make Prudential unit Asia's top fund manager of real estate [SINGAPORE] GRA Singapore has appointed former Pidemco chairman Lim Yong Wah as its first chairman. Mr Lim, 58, says he agreed to join GRA Singapore as its
      447 words
  • Page 2 Advertisements
    • 312 2 PROPERTIES The Straits Times Classified. Classifications 402 568. Buy h. SeO h. Find It for wmMmmlmwmwS^na Is your company planning opportunities of an Name One Of the following for e-bUSineSS? Designation: your e-business? What are the different Nricna:- IPO value drivers? What Contact penon. 'Ufr Organization: Cr.mr.ff are their unique
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    • 5 2 North-east Asia beckons, Pg 32
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  • Page 3 Advertisements
    • 67 3 04direction M i' U- m J flpK 'Wfrd H m W. < '*r 7 JP .•i?Sfc2-' m ,Vj r >&gg' Iggjr -aft W"'^r 13.*£ IJ. iSi t; j- a Hfi fl II PU-ii Jft w l If i J f NU»»f j'' vK^ the past for reference jy the present
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  • OIL crisis
    • 761 4 He has set up emergency reserve of heating oil to ensure there is enough fuel for the winter Bloomberg, Reuters, AFP OIL'S blistering rally lost some momentum yesterday after US President Bill Clinton said he set up an emergency reserve of heating
      Bloomberg,; Reuters,; AFP  -  761 words
    • 436 4  -  FYorn] Harish Mehta in Bangkok THAILAND will import oil products from Singapore if it faces a shortage as world oil prices hit a 10-year high, threatening a supply crunch, higher inflation, and lower economic growth for the country, an official said.
      AFP  -  436 words
    • What they say
      • Article, Illustration
        369 4  -  -By Siow Li Sen [SINGAPORE] The impact of high oil prices could be serious but it is too early to estimate the effect on local interest rates and economic growth, Overseas Union Bank president Peter Seah said yesterday. "It will flow through eventually," he said. "You already see
        369 words
      • Article, Illustration
        199 4  -  *>y Serena Ng [SINGAPORE] Former US treasury secretary Robert Rubin said yesterday oil conservation should again be promoted to help solve the oil problem in the long run and for environmental reasons. Mr Rubin, now chairman of Citigroup's executive committee, was speaking at the opening of the financial
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    • 568 4  -  Analysts point to impact via US markets, economy Byy Ven Sreenivasan [SINGAPORE] Asian equity markets could suffer a serious blow if rising oil prices trigger an inflationary spiral, prompting central banks to crank up interest rates. This seems to be the emerging fear among
      568 words
    • 519 4 Political and social factors dictate that they do so despite sky-high oil prices Reuters ASIAN governments, mindful of inflation and social unrest like that which has paralysed parts of Europe, are unlikely to reduce or scrap costly fuel subsidies despite surging oil prices, analysts
      Reuters  -  519 words
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  • Page 5 Advertisements
    • 189 5 Nil I III! I VI I I i «»\ir w •Ac". II 111 VI l.'l IV X > V* lk t i A Jr •> v l%\ M V, v FUJI XEROX. MAKING OUR MARK AT THE OLYMPIC GAMES. Everyone will emerge winners in the first digital Olympic Games. digital
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  • CURRENCY turmoil
    • 577 6 Q2 growth of 0.7% against expected 1.4%; consumer confidence falls a sharp 8.1% Reuters [SYDNEY] The Australian dollar dipped to a record low of 55.25 US cents yesterday after GDP recorded smaller-than-expected economic growth, and was only saved from a deeper
      Reuters  -  577 words
    • 872 6 Europe's problems are of its own making, say American experts Reuters [WASHINGTON] The United States is highly unlikely to intervene to help prop up the beleaguered euro, which has floundered since its inception, because Europe's problems are of its own making. US experts said
      Reuters; Source: Reuters; AP photo  -  872 words
    • 165 6 AFX-Asia [MANILA] The central bank intervened in the US dollar-peso market in early morning trade yesterday by selling US dollars, central bank governor Rafael Buenaventura said. "We provided liquidity in early trade to jump-start the market. It looks like the other sellers have come
      AFX-Asia  -  165 words
    • 606 6 Extra money Japan aims to spend may be too small to boost economy Bloomberg [TOKYOI The yen, the world's best performing currency in the past month, may lose its top ranking on concern the extra budget Japan plans to compile next week will
      Bloomberg  -  606 words
    • 267 6 AFP [SINGAPORE] THE sluggish pace of structural reforms in Europe is the main culprit for the weakness of the euro single currency, former US treasury secretary Robert Rubin said here yesterday. "My view is that the weak euro isn't the issue," Mr Rubin, now
      AFP  -  267 words
  • Page 6 Advertisements
    • 110 6 Online Intellectual f Property Law Seminar Arbitration Seminar Thursday, September 28,2000 Wednesday, September 20, 2000, Marina Mandarin Hotel, Hotel Inter-Continental, Singapore 8 a.m. to 6 p.m. 9.00 a.m. to 6.00 p.m. An Overview of Arbitration Laws Enforcement and Jurisdictional Issues and Practices in Asia Copyright in Cyberspace Dispute Settlement by
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  • Page 7 Advertisements
    • 255 7 nVi HHP F 3 k r iP x Bl 1 m mrjn* t t'V*»> LJ A inl 7 K ■I m VjL 1 k B Jr W i W* v K 1U ■■dfl P 5 /KF-'J® i JL tvhi^^^H Mfti A 9 a I Jm mfcV H f ■j\ J
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  • SINGAPORE markets
    • 525 8  -  1 11 comment STOCKS ven sreenivasan THE Singapore stock market started on a positive note but failed to hang on to early gains as investors held back amid oil price jitters. Still, brokers said the market was showing resilience after having
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    • 172 8  -  WARRANT WATCH Byi Ven Sreenivasan SINGAPORE Land's warrant drifted seven cents lower to close at $1.55 yesterday as 718,000 units changed hands. At the same time, the underlying stock shed eight cents to $3.72 on 647,000 shares. The warrant expires in March
      172 words
    • 234 8  -  HOT STOCK Serena Ng THE stock of computer maker and distributor GES International looks set for further consolidation. It has traded between $1.50 and $1.90 for the past three months, a sideway pattern not affected by the company's recent results for financial
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    • 146 8 ♦SAN Teh Ltct will hold its EGM on Oct 5 at 3.00 pm, 701 Sims Drive, #06-01LHK Building. ♦FIRST Engineering Ltd will hold its AGM on Sept 28 at 9.30 am, No 26 Woodlands Loop, #07-00, First Engineering Techno Centre. ♦GOLDTRON Ltd will hold its AGM on Sept
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    • 528 8 Stocks Volume PacCent ML CW*****5 9.941,000 IPC020C 9,128,000 Eastern Asia 7,847,000 SingTel 15c 7,779,000 DBS Land 5,695,000 Chart Semiconductor 26c 5,529.000 NatElec 10c 5,372,000 TT Int 15c 3,667,000 Liang Huat 10c 3,513,000 Ionics P$1.00 3,145,000 Stocks S Chart Semiconductor 26c 67,974,096 VentureMfg25c 48,362,073 DBS Grp 37,266,125 PacificCentury 33,575,113 NatElec 10c
      528 words
  • Page 8 Advertisements
    • 239 8 electron icAsia 2000 International Trade Fair for Components, Assemblies, Electronics Production and Display Technologies in-corporating World of Display Technology October 11-14,2000 Hong Kong Convention and Exhibition Centre A Mega Event Not to Miss The Ideal Sourcing Opportunity Visit Asia's foremost electronics trade fair, electronic Asia 2000, to source the latest
      239 words
    • 87 8 Grow Your CPF With eiBht Important All applications for units in eight must be made on the application forms accompanying the prospectus Investors must read the prospectus The value of the units and the income from them may fall as well as rise )£<i 'USH-'-r*- j ■LH m Classified ads
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  • SINGAPORE companies
    • 614 9  -  Investment to be spread over 3 years on regional growth, new services By' Teh Hooi Ling SINGAPORE Telecom's multimedia division plans to spend hundreds of millions of dollars over the next three years to expand regionally as well as introduce new services such
      614 words
    • 288 9 It has polled oat of talks to buy stake in Equitable Bloomberg KEPPEL Tat Lee Bank Ltd, the smallest of five local lenders, said it pulled out of talks to buy part of Equitable PCI Bank, the Philippines' third largest commercial bank. The move
      Bloomberg  -  288 words
    • 237 9  -  Siow Li Sen KEPPEL Tat Lee Finance is teaching its small and medi-um-sized enterprise clients to use the Net and in doing so is getting them hooked on more of its services. Keppel Tat Lee managing director Chee Jin Kiong told BT the
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    • 749 9  -  lock siew lee han shih LAST week, a key official of a listed government-linked company called to discuss the notion of a "holding company discount" explored in this column a few weeks ago. Why does the stock market undervalue holding companies, he asked. Well,
      749 words
    • 578 10 It's a complex subject, says outgoing senior VP; CEO says in statement compensation is 'fair' Bloomberg STARHUB. Singapore's second traditional phone company, said it is not satisfied with the government's $1.08 billion compensation for opening up the market two years ahead of plan. "We're not
      Bloomberg  -  578 words
    • 344 10  -  Better internal controls, stronger Sing dollar cited By\ Marissa Chew NH CERAMICS yesterday posted a 19.5 per cent rise in net profit on flat turnover for the full-year to June 30. The company, which listed on SGX-Sesdaq in May, said net profit
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    • 356 10  -  By! Siow Li Sen OVERSEAS Union Bank yesterday launched yet another credit card but one with a difference. Not only can you pay your utilities bills through it, but you can delay payment for up to two months without having your supplies cut off.
      356 words
    • 457 11  -  Infomatec down 70% following profit warning, charges of insider trading David Boey INFOMATEC AG, the German electronics < firm that threw a lifeline to mainboardlisted IPC Corp several months ago, is itself facing a corporate crisis in Germany. As unnerved investors continue dumping its
      Source: Bloomberg  -  457 words
    • 144 11 GLOBAL investment management group Scudder Kemper Investments has set up a an office in Singapore and appointed Alan Lim managing director of Scudder Investments Singapore. Mr Lim was formerly managing director and chief executive of Prudential Portfolio Managers. Scudder said yesterday he will head
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    • COMPANYBriefs
      • 51 11 SING Lun Holdings' public offer closed yesterday 1.12 times subscribed. Applications came in for 16.8 million shares worth $4.8 million. The company had offered 15 million shares to the public. The placement tranche of 45 million shares has been taken up. Trading begins on
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      • 94 11 Bloomberg COMMODITY trader Noble Group said it aims to maintain its 20 per cent return on equity in the coming years after reporting a five-fold rise in profit on Monday. The Hongkong-based supplier of raw materials from coal to cocoa surprised analysts with
        Bloomberg  -  94 words
      • 65 11 YONGNAM Holdings posted a $10.9 million net loss for the half year ended June 30 on an almost unchanged turnover of $46 million. Loss per share came to 6.4 cents, compared with earnings of 1.6 cents per share previously. The company expects an improvement in
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    • 413 11  -  Sesdaq firm expects to expand production by end of the year Tay Hong Seng ASJ Holdings reported a 10 per cent higher profit of $3.8 million for the six months ended June 30, as turnover improved 16.5 per cent to $27.5 million. The company said
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  • Page 9 Advertisements
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    • 579 9 i Letters of Credit are important financing instruments in import/export transactions. A badly opened letter of credit exposes the company to risks, financial loss, higher cost and bank charges, delays in arrival of goods and more. Similarly/ for the beneficiary of a badly opened letter of credit, payment for your
      579 words

  • Page 10 Advertisements
    • 293 10 fefoduced 4 miKmn |9 Wobe«l\( awv< you you arc karcl to wavwc ewe t J clislv. 'L3«c«us« tlvcrc really arvw t tivab vnowy. A a3«. U 'VVXalaysiaw I J rata is WW our loeloveel ck.Lck.evx origiwatedl Iw laivvaw. ds as Ka'OS, kkU loot U.e reel C lvef <J~ —loot, (after
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  • Page 11 Advertisements
    • 16 11 FOOD ENTERTAINMENT The Straits Times Classified. Classifications 5 36. \cSl Buy h. Sell It. Find h.
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    • 77 11 Why should I spend time comparing IDD rates? Afterall, 1511 automatically i connects me to the best rate available. HP' M- i 2 mir mm H* -9 "^9Pr' M** L m flli^HpH j* f/tl MVESfiaA An Innovative Service licensed By Participating IDD Service Providers INFOCOMM !f™!!! AUTHORITY Maq,c^) P Magtctel
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  • MAIL bag
    • 275 12  -  Norman Ng Singapore, via Internet I REFER to the article "IDA figures: Why no details?" (BT, Sept 12). The compensation given indeed puzzles everybody. The government is very generous with the people's money thanks to many years of budget surpluses. As rightly
      275 words
    • 89 12  -  Tay Siow Mong Singapore, via Internet I REFER to the article "IDA figures: Why no details?" (BT, Sep 12). Has Star Hub invested $1 billion or more in Singapore so far? Even at $1 billion, the compensation of $1 billion would imply a return on equity
      89 words
    • 316 12  -  Gim Wee Singapore, via Internet I REFER to the article "Controversy rages over $2b cash payout to Star Hub and Sing Tel" (BT, Sept 13). The article said: "In response to media queries, the IDA last night issued a seven-page press release giving an
      316 words
    • 167 12  -  H M Loo Singapore, via Internet I REFER to the article "IDA figures: Why no details?" (BT, Sept 12). I fully agree with Catherine Ong's comments about the huge payouts to the two telecoms operators. Sing Tel has for years been a monopoly,
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    • 111 12  -  Park H L Singapore via Internet I REFER to the latest development regarding compensation for Star Hub. As I understand from your reports, the payout to Star Hub suggests the cost of its impending investment has been built in. What's the logic? Why
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  • Page 12 Advertisements
    • 108 12 J 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
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    • 67 12 We welcome letters. E-mail us at btletterQsph. com.sg or fax us at *****71, or write to: The Business Times, Times House, 390Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in
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  • SINGAPORE news
    • 325 13  -  By Vivien Ng UPBEAT about business in the third quarter, employers in the manufacturing, commerce and services sectors expect to keep up hiring trends, according to the Ministry of Manpower's latest labour market report. But "unemployment will remain above pre-crisis levels so
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    • 206 13 STARHUB's wireless data service subscribers will, from Oct 1, be able to use the service outside Singapore. Singapore's new info-com-munications player yesterday said it was launching its WAP (wireless application protocol) roaming service. This roaming service will begin with Hongkong and
      206 words
    • 399 13  -  60% of the companies are in IT, communications and media: survey By' Toh Han Shih TO date, hundreds of Singapore technology startups have received hundreds of millions of dollars in funding from venture capital firms. Trade and Industry Minister George Yeo said
      399 words
    • 458 13  -  Official launch this weekend will offer 80 units at $850 psf Marissa Chew KEPPEL Corp's massive development at Keppel Bay has an equally large showhouse to go with it costing a cool $5 million to build and staffed by 110 marketing agents on
      CHRIS LOH  -  458 words
    • 567 13  -  Lawmakers agree to close ranks and position grouping for the New Economy Yang Razali Kassim IF there is one issue that worries legislators in Asean, it is the negative impact of rapid globalisation. The best response to this phenomenon, however, is not
      567 words
    • 238 13 CITIGROUP Asia Pacific yesterday opened a new 20,600 sq ft regional treasury centre at Centennial Tower, which will handle forex trading and trading of credit products for the region. Called the Citigroup Asia Pacific Emerging Markets Treasury, it will have 150 treasury
      SIEW YAW HOONG  -  238 words
    • 511 13  -  Market opening is one of three thrusts in the New Economy Ry Chuang Peck Ming LEARN to ride the wave of change in the New Economy, or be submerged by it. That's the choice facing Singapore, Deputy Prime Minister
      511 words
    • 504 13  -  By I Cheah Ui-Hoon SEVENTEEN arts groups have been selected to receive $3.8 million this year from the National Arts Council (NAC), a surprise move since $5 million was expected to be disbursed to only eight major companies following the
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  • EDITORIAL & opinion
    • 861 14  -  pHaiTTq bottom line OPINION david mason The writer was a partner in an international accounting firm in Singapore for 14 years. He is now a business consultant in the United Kingdom. He contributed this article to BT ACROSS Western Europe, blockades and protests
      861 words
    • 80 14 I don't see people from overseas. The city is dead, and that is not just my opinion. We are struggling. I have no idea what is the problem.' -Mario Loongo owner of a Sydney restaurant, on the lack of crowds two days before the Olympics. Poor states
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    • 672 14 EDITORIAL SINGAPORE is considering the controversial step of abolishing the statutory audit requirement for unlisted private firms. The issue is ostensibly one of weighing the need to protect the interests of a company's stakeholders investors, business partners, creditors as well as staff against the usefulness and efficacy
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    • 988 14  -  There are still diversity and rivalry among East Asian nations. They export more to the West than to each other By- Paul Samuelson The writer is an economist at the Massachusetts Institute of Technology IN NORTH America, Canada, the United
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    • 793 14  -  COMMENTARY By\ Paul Kingman The writer is a professor of economics at the Massachusetts Institute of Technology NYT GEORGE Bush Jr has lately taken to explaining his economic plans by pulling out four dollar bills to represent the projected Budget surplus.
      NYT  -  793 words

  • Page 15 Advertisements
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  • MOTORING page
    • 489 16  -  This call comes from an inter-ministerial committee. Christopher Tan brings you the pros and cons oiLrrara Christopher Tan AN inter-ministerial committee has recommended Singapore adopt natural gas as an alternative automotive fuel and has handed its proposal to policymakers for their verdict. The
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    • 410 16 PETROL prices here are the lowest among five equivalent-ly-developed countries, according to Shell. The average price of petrol (across all grades) in Singapore is just below 551.50 a litre, versus above 552.40 per litre in Hongkong. In the UK, where pumps
      410 words
    • 267 16  -  All reports by Christopher Tan AN automotive-based online business run by listed Ho Bee Group is offering fuel at discounts of 10-12 per cent an innovative plan that can save the average car owner $300 a year. Absolutecar e-Services, to be launched next
      267 words
    • 269 16 GERMAN carmaker BMW has released photos of and information about the new Mini Cooper earlier than expected. It is due to unveil the car at the Paris Motor Show at the end of the month. Resembling the concept design revealed two years ago. the new Mini
      269 words
    • 481 16 Global Car Assist launching online/offline business for self-import and export WANT to import your own car? A new online start-up will help you do so for as little as $3,000. Global Car Assist at www.globalcarassist.com launches tomorrow as the first online/offline business
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    • BUMPER to BUMPER
      • 114 16 LOST? Two new online services promise to get you out of the jam. Targeted at commuters of its Nightßider buses initially, Tibs' iB-Maps locate bus-stops nearest to specified locations. Entire bus routes are also shown. Commuters can get other useful information like listing of
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      • 93 16 LATER this month, the BMW Kl2OO LT will become the first motorcycle to come with a navigation system. The satellite-tracked system, available in cars for a number of years now, will be supplemented by a distance meter, a road speed and motorcycle position sensor. The system
        93 words
      • 82 16 ANOTHER riding innovation from BMW is the Armacor suit. Named after its material, Armacor has a water-resistant membrane, a fibre coat of abrasion-resistant polyamide, and a fibre core made of highly tear-resistant and temperature-stable aramide. Thanks to this and to the new grid construction of the fabric,
        82 words
      • 81 16 DAIMLERCHRYSLER (Thailand) has won an established customer satisfaction award. According to the recent J D Power Asia Pacific 2000 Thailand Customer Satisfaction Index Study, Mercedes-Benz is the only make in the study to perform above the industry average. One of the initiatives that contributed to high
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      • 113 16 JUST a year or so after introducing the S2OOO roadster, Honda is equipping its domestically-sold cars with variable gear-ratio steering (VGS). The feature allows the car's steering ratios to vary according to driving and road conditions. At the hilt, the driver can spin the wheel lock-to-lock with
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      • 78 16 TOYOTA is co-sponsor of AXN's broadcast of Eco-Challenge Sabah 2000—a gruelling 12-day expedition race over 500 km of the world's roughest areas. The three-month telecast is expected to reach 145 million homes through AXN subscribers worldwide. Of the 76 teams that took part in the challenge, only
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      • 80 16 SG, the corporate and investment banking arm of the Societe Generale Group, has been appointed by Renault to be financial adviser in its takeover of Samsung Motors. Renault will eventually control 70.1 per cent of Renault Samsung Motors, worth 308 billion South Korean won (*****.33 million).
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      • 71 16  -  Christopher Tan A NEW product in town promises to be ideal for freshening up your car's upholstery. Febreze, from P&G, retails at $3.40 for a 200 ml dispenser. Just spray on and wait 3-5 minutes for it to work. Instead of masking an odour as most other
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  • Page 16 Advertisements
    • 65 16 LET US GIVE YOU SOME FREE ADVICE Your problem is our problem. The Motoring Page is starting an advice column with the able assistance of the Automobile Association of Singapore. Send us your queries on anything related to motoring and we'll try our best to help. You can fax to
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  • e-NEWS
    • 411 17 NEW YORK Plan significant dne to potential pool of Swift's 3,000 bank owners, their clients FT SWIFT, the international funds transfer system which handles US$5 trillion (SsB.7 trillion) worth of transactions a day, is to launch a business-to-business (B2B) Internet payment service for
      FT  -  411 words
    • 264 17 WASHINGTON Reuters EARLY exposure to computers stunts children's development and such technology should only be introduced after elementary school, a group of US educators and psychologists said on Tuesday. The Alliance for Childhood, a private non-profit group that focuses on child development, said in a
      Reuters; REUTERS  -  264 words
    • 329 17 CORNING, New York Top fibre-optic cable maker joins firms like Afiymetrix in making gene-research tools Bloomberg CORNING Inc, the world's top producer of fibre-optic cable, is entering the market for gene-research tools known as DNA chips, joining companies such as Affymetrix and Incyte Genomics. The
      Bloomberg  -  329 words
    • 386 17 TOKYO Link with Europe's largest ISP is its fourth alliance to expand its global reach Reuters NIFTY Corp, Japan's biggest fixed-line Internet service provider (ISP), said yesterday it had agreed on a wide-ranging tie-up with Europe's largest ISP, Germany's T-Online, seeking to expand its
      Reuters  -  386 words
  • Page 17 Advertisements
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  • MALAYSIA news
    • 554 18 CYBERJAYA No other project of this scale can be fonnd outside the US, he adds AP, AFP DECLARING it "awesome", software magnate Bill Gates on Wednesday paid his first visit to Malaysian Prime Minister Mahathir Mohamad's fledgling multimedia city. A pet project of
      AP,; AFP  -  554 words
    • MARKET moves
    • 339 18 KUALA LUMPUR AFP MALAYSIA'S Anti-Corrup-tion Agency has traced some US$l.7 billion (Ss3 billion) which went missing from the accounts of an ailing steel firm to a company registered in a Caribbean tax haven, a report said yesterday. Agency director Ahmad Zaki Husin was quoted
      AFP  -  339 words
    • 253 18  -  Bat the bourse is not keen to merge with other exchanges AWmi Eddie Toh in Kuala Lumpur THE Kuala Lumpur Stock Exchange may consider a listing, but is not keen to merge with other exchanges in the near future as is the
      253 words
    • 409 18 KUALA LUMPUR It will pay RMl.3b in new shares, gets profit guarantee Bloomberg FETALING Tin Bhd said yesterday it planned to buy 80 per cent of a casino business in Cambodia from the Malaysian property company's chairman for RMI.3 billion
      Bloomberg  -  409 words
    • 365 18  -  FYom\ Eddie Toh in Kuala Lumpur MALAYSIAN telco Time Engineering is talking to several parties as it continues its search for a technological partner, but stays mum on whether it has resumed talks with Singapore Telecommunications Ltd. "We wish to inform the
      365 words
  • Page 18 Advertisements
    • 535 18 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298^ Prima Limited (Incorporated in the Republic of Singapore) NOTICE OF BOOKS CLOSURE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Members of the Company will be closed from 3 October 2000 to 4 October 2000
      535 words
    • 345 18 In Vie matter of THE COMPANIES ACT. CAP. SO and In the matter at SPECTRAL SYNERGIES PTE LTD (MEMBERS' VOLUNTARY WINCHNG-UP) At an Extraordinary General Meeting of the members of the abovenamed Company duty convened and held at PSB Science Parte Annex, M 2-19,3 Science Parte Drive, Singapore *****3, on
      345 words
    • 9 18 I TODAY©***-** lianhe Zaobao Taiwan businessmen Cambodia <mw 3Ba,
      9 words
    • 17 18 GET YOUR 4-PAGE MARTECH 2000 "SHIPPING TRENDS IN THE NEW MILLENNIUMSPECIAL FEATURE SHIPPING TIMES 13 SEP 2000
      17 words

  • REGIONAL news
    • 467 19 BEIJING Minister denies licences would be restricted to those with over USslob in revenue FT MULTINATIONAL telecommunications companies hoping for licences to operate in the huge Chinese market have been given new hope with an apparent climbdown by China's telecoms ministry. Wu
      FT  -  467 words
    • 408 19 MUMBAI Competition from non-govt money managers is reason Bloomberg PUNJAB National Bank Ltd and at least two other Indian government banks are considering the sale of their fund management arms because of intensifying competition from non government money managers. Moves by banks such
      Bloomberg  -  408 words
    • 492 20 XIAMEN Senior officials face death penalty for taking kickbacks in giant gmnflriinjr gram AFP, AFX-Asia TRIALS in the biggest corruption scandal in Communist China's history opened yesterday with senior officials facing the death penalty for taking bribes and kickbacks in a multi-billion dollar smuggling
      AFP,; AFX-Asia; AFP  -  492 words
    • 425 20 TAIPEI He will do so if govt auctions licences, he also hopes China will auction some 3G licences Reuters, Bloomberg HONGKONG tycoon Li Ka-shing will invest in Taiwan if the island sells third generation (3G) wireless licences by auction, the
      Reuters,; Bloomberg  -  425 words
    • 289 20 JAKARTA Bloomberg PT TELEKOMUNIKASI Indonesia has struck an eleventh-hour accord with one of its five foreign joint venture partners, effectively averting a US$5 billion (SsB.7 billion) lawsuit against the country's biggest company. Telkom, Indonesia's domestic phone monopoly, and PT Ariawest International,
      Bloomberg  -  289 words
    • 518 20 KUALA LUMPUR Falling mpi&h makes Indonesia more competitive Reuters RISING Indonesian palm oil exports, helped by a weakening currency and low domestic consumption, are causing gloom in the world's largest producer of the commodity, Malaysia. Industry sources said yesterday the falling
      Reuters; FILE PHOTO  -  518 words
    • 219 20 BANGKOK Bloomberg THAILAND'S central bank asked commercial banks to cut lending rates, already at their lowest in more than 30 years, to spur the economy by stimulating demand for new loans, bankers said. Bank of Thailand's request came after economic indicators showed the country's
      Bloomberg  -  219 words
    • NOTEBook
      • 61 20 Bloomberg [BEIJING] China's exports posted their second-smallest increase this year in August, signalling that one of the main drivers of growth may be slowing. Exports rose 27.4 per cent year-on-year to U5523.3 billion (5J40.6 billion), higher only than July's 24.1 per cent, state-run Xinhua
        Bloomberg  -  61 words
      • 69 20 AFX-Asia [BOMBAY] The Indian government is considering allowing up to 74 per cent foreign direct investment in telecommunications, against the present ceiling of 49 per cent, The Economic Times reported. It said the industry ministry is in favour of 100 per cent FDI
        AFX-Asia  -  69 words
      • 71 20 AFX-Asia [TAIPEI] Chung Shing Commercial Bank said it is unaware of a reported plan by a number of technology companies to take control of the bank. Earlier, the Economic Daily News reported sources close to the finance ministry as saying that about seven to
        AFX-Asia  -  71 words
      • 59 20 AFX-Asia [BOMBAY] Fiat SpA is planning to enter the insurance and infotech industries in India, the Business Standard reported, quoting Pietro Valfre'dißonzo, chief corporate representative of Fiat International in India. "The Indian insurance sector is becoming a promising sector and we are looking at the
        AFX-Asia  -  59 words
      • 114 20 Bloomberg [MANILA] RFM Corp, the Philippines' second-largest food and beverage company, said yesterday that it may sell its semiconductor unit to pay investors who won't swap their convertible bonds for shares. RFM's 35 per cent stake in Nasdaq-listed PSi Technologies, a semiconductor assembly and test
        Bloomberg  -  114 words
  • Page 19 Advertisements
    • 63 19 I This announcement appears as a matter of record only. I I fivl housing I I \%r\ DEVELOPMENT I I LSU BOARD I I *****,000,000 I I 4.198 Fixed Rate Notes I I due 2005 I I I I Joint Bookrunners Joint Lead Managers I I Barclays Capital The Development
      63 words
    • 154 19 Digital y Brotidc ast •40-*- Audio Multimedia Channels Crystal ClodT Sound Across 18 timezones 2 ■4/7' o Available at: Safe Superstore Holding Pte Ltd at Lot 1 Shopper s Mall Pertama Merchandising Pte Ltd at Funan The IT Mall Pertama Merchandising Pte Ltd at Raffles City Best Denki (Singapore) Pte
      154 words

  • Page 20 Advertisements
    • 665 20 FHTK HOLDINGS LTD (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of FHTK Holdings Ltd will be held at 231 A Pandan Loop Singapore *****9 on 29 September 2000 at 12 noon to transact the following business: 1. To receive and
      665 words

  • WORLD news
    • 706 21 NEW YORK Latest survey finds Gore and Bush now equally popular NYT VICE-PRESIDENT A 1 Gore has shaken the persistent sense that he is not particularly likeable and is now as highly regarded as Governor George W Bush on matters of character,
      NYT; AP  -  706 words
    • 420 21 WASHINGTON Word 'rats' flashes across screen during ad, Bush denies nging subliminal messages Reuters REPUBLICAN George W Bush's presidential campaign struggled to contain accusations on Tuesday that it ran a television advertisement in which the word "rats" flashed across the screen for
      Reuters  -  420 words
    • 521 22 This follows collapse of iX merger plan, after LSE withdrew to defend against OM's hostile bid FT [LONDON] Deutsche Borse is considering launching an unsolicited takeover offer for the London Stock Exchange (LSE) following the collapse of its iX merger proposal. The
      FT; AP FILE PHOTO  -  521 words
    • 280 22  -  SINGAPORE Ranking is in terms of corruption perceptions By] Kalpana Rashiwala SINGAPORE is the only Asian country among the top 10 countries ranked as the cleanest in terms of corruption perceptions. The ranking is based on Transparency International's 2000 Corruption Perceptions
      280 words
    • 426 22 WASHINGTON Bloomberg THE US trade deficit in goods, services and investments widened to a record in the second quarter, as imports grew faster than exports and overseas investors earned more on their US holdings, government figures showed yesterday. The current account
      Bloomberg  -  426 words
    • 579 22 CHASE-J P MORGAN DEAL They say it will soon have huge digestive problems Bloomberg (HONGKONG) Chase Manhattan Corp's purchase of J P Morgan Co will help the new firm compete in Asia at a time when the biggest banks are making
      Bloomberg  -  579 words
    • 790 22 NYT [NEW YORK] A generation ago, six major commercial banks dominated the financial world in New York, which itself was the financial capital of the world's largest economy. Now JP Morgan the last of those six to stay independent is being bought, in
      NYT  -  790 words
    • 602 22 CHICAGO Central bankers' estimates range from 2.5% to 6% Reuters THE truth of the matter is the Federal Reserve has no idea of the US economy's speed limit its maximum sustainable rate of non-infla-tionary growth. A couple of years ago, central
      Reuters  -  602 words
  • Page 21 Advertisements
    • 90 21 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 administraUon services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
      90 words
    • 229 21 k |W^v^—»' j|Snn^«lHHH|!j^^^B y J1 J Br" i >* Jfck j|hhmhpv^l^^^ MVOMB I v %Siaial^Bß Kfl^vm. v'ji. m w JH^^vj^K *^HI fd| nn A prominent fund manager in a leading bank, Mr Lee has only one thing to say That certainly represents value for money for heavy Net users like
      229 words


  • FINANCE & commodities
    • 320 23  -  SOX Derivatives Tradlnßeport ST lnde*/MS& S'pore Index Chan Yet San Refco Singapore SHARES on the Singapore stock exchange ended lower for the seventh day in a row yesterday. The Straits Times Index declined by 3.97 points or 0.19 per cent to settle at
      320 words
    • 250 23  -  MSd Taiwan Index Chan Yet San Refco Singapore SHARES on the Taiwan stock market rose yesterday after falling to a 13-month low in the morning. The MSCI Taiwan Index gained by 1.76 points or 0.55 per cent. It touched a high of 324.07
      250 words
    • 186 23 Reuters GOLD was once again languishing below US$275 an ounce yesterday as European dealers said US dollar's strength was continuing to make the metal less attractive to local consumers. In overnight trade, the Australian dollar came under pressure and gold gave up its
      Reuters  -  186 words
    • 317 23 Reuters London THE euro ran up gains against the dollar and the yen yesterday, recovering from the previous day's record lows after a German magazine article fuelled wariness of central bank intervention to defend the currency. Focus Money, in the summary of an article released in advance of
      Reuters  -  317 words
    • Article, Illustration
      1214 23 DfTERBAMK CROSS RATES 3 A$ C$ two Ffr Hi i$IKh h»Hh Yen Won t* H2$ P« Its Peso S$ Kmt Sfr WT< BaW Hmt US$ Australia 0.824 4.626 0.643 4216 1257 4.346 25.432 48.545 0.597 6.184 2.H8 1315 30.472 25.463 0.972 3.984 0.982 ***** 2*708 0294 0.557 Canada 1.213 5.611
      1,214 words
    • 1855 23 SICOM FUTURES Sep 13 RUBBER (futures ciostaq as st 5.30pm) ftSSI CONTRACTS cwts/lui) CtOM Volume Open Month Hty» low Sott ttamm) tatorost Oct 00 113.75 Nov 00 115.50 Doc 00 116.75 Jon/Mar 001 120.00 RSS 3 CONTRACT (US cmti/kQ} VolMM Opto Month Htyi Low Sott (tows) Interest Oct 00 63.75
      1,855 words

  • STOCKS east asia
    • Article, Illustration
      978 24 Bloomberg Shenzhen B Index Closed SHANGHAI'S B shares index fell for a second day, following comments by a World Trade Organization official that China's bid to join the global trade body may be delayed. China's proposed entry into the World Trade Organization may not be finalised by year-end, said
      Bloomberg; Source: Credit Lyonnsis Securities(Asia) Ltd  -  978 words
    • 368 24 AFP P| WP Index +56.46 TAIWAN share prices closed 0.8 per cent higher yesterday on bargain-hunting and government support, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 56.46 points to 7,391.66, on turnover of NT$7B.BO billion. Decliners led advancers 320 to 209, with 96 issues unchanged. The
      AFP  -  368 words
    • 2028 24 TOKYO AFP Q Nikkei 225 +***** RALLYING technology firms helped Tokyo's headline share index rise 0.9 per cent yesterday as investors hunted for bargains, brokers said. A recovering euro and a slight easing in oil prices also encouraged buyers, said Nikko Securities senior market
      AFP  -  2,028 words
  • Page 24 Advertisements
    • 44 24 what to cat > drink > buy > watch > haar > plug into j weekend thursday-sunday September 14-17 2000 for free > dj gods five it up this weekend > beijing neks china jumps > silver and soul > laura fygi freebies > the new brown > home cooking
      44 words
    • 40 24 The Hongkong market was closed yesterday K Breaking good news! Fortune is really smiling on job seekers. Sunday RECRUIT in The Sunday Times brings you a feast of career opportunities, on top of your Saturday RECRUIT bumper. Bite into it!
      40 words

  • STOCKS klse
    • 444 25 AFP PI Composite Index +15J2 MALAYSIAN shares ended 2.1 percent higher yesterday on extended bargain-hunting encouraged by low valuations, dealers said. The Kuala Lumpur Stock Exchange Composite Index closed up 15.12 points at 745.07. The Second Board index added 5.08 points to 190.14. Volume
      AFP  -  444 words
    • 9541 25 INDUSTRIALS COflSUIMT protects 2000 Last Vol Day Nat Cap High Low Company S«ie "OOO Mtfh Law P/t Smil 420 310 A|lnomoto 3S0 19.1 141.9 158 56 Angkasa 59 3 18 60 58 87 0 670 290 Apollo Food Mlg 450 UOCh 2 450 450 9.8 180 0 3725 2700 BAT
      9,541 words
  • Page 25 Advertisements

  • SGX clob & regional stocks
    • 2927 26 BONDS WARRANTS 52 Ink lat M Day laiomi kw% kml Can bar Mm 'mum HI# in C I Um *rn- COM) W# Ua »«t« Mar Mn Mil lata Ma <%) Tmlil|T Left 51.5 9 S Ac ma WO ***** 9.5 -0.5 255 10 9 95 in n 41 n 1
      2,927 words
    • Article, Illustration
      751 26 AFP n SET Index *152 THAI shares rose 0.9 per cent yesterday led by bargainhunting on bank stocks and short-covering after recent heavy selling, dealers said. The Stock Exchange of Thailand (SET) Composite Index closed 2.52 points higher at 290.55 and the SET 50 index closed up 0.19 at
      AFP  -  751 words
    • 296 26 AFP Q Composite Index -7.49 PHILIPPINE share prices fell 0.5 per cent yesterday with the Philippine Stock Exchange Composite Index down 7.49 points to 1,489.40. Volume fell to 241.92 million shares worth 1.33 billion pesos from 290 million shares worth 756 million pesos on Tuesday. —AFP S* 13 (000)
      AFP  -  296 words
    • Article, Illustration
      668 26 AFP P Composite Index -&96 INDONESIAN share prices closed 2.0 per cent down yesterday to hit a 12-month low on concerns over the fallout of the West Timor killings and security fears, as a blast in the exchange building halted trade, dealers said. At 3:28 prfi, shortly after trading
      AFP  -  668 words
    • 265 26 AFP QNZSE-40 -26.08 NEW Zealand shares fell 1.2 per cent yesterday on offshore selling of most of the top 10 stocks, dealers said. The NZSE-40 Capital Index fell 26.08 points to 2,061.84 on total turnover of NZ5121.7 million. Telecom New Zealand fell 18 cents to NZ56.37. AFP S*u JUS
      AFP  -  265 words
    • 547 26 AFP Fl All Ordinaries 42 AUSTRALIAN share prices closed 0.3 per cent higher yesterday with the banking sector and market heavyweight News Corp dominating investor attention, brokers said. The benchmark All Ordinaries index rose 9.2 points to close at 3,285.5 points and the SP/ASX 200 finished 10.1 points ahead
      AFP  -  547 words
  • Page 26 Advertisements
    • 32 26 Om HI uni CdrtlO n IS Just imagine life without them. CAT Buy It. S«l It. Find It. The Seoul market was closed yesterday Wakegf*p •nn'Strata'nmm Start your job search early. Read
      32 words

  • 9966 27 SOXMAMBOARD Transaction date: Sep 13 Or Gr M Wt 52-Wk Laat Vol Day Last Quote Dlv (Mv VM Net Cap Avq L— Ci>DM|f iata rooo) Law Buytr SaWar C'VT H Pft. |«3i Price MUITHMOUSTRY Us "J -Si 4 J 105 102 'fi s 4J 24 '?3 105.4 18.5
    9,966 words
  • Page 27 Advertisements

  • Page 28 Advertisements
    • 422 28 Where to wine, dine and entertain..:-" < »> FONT IN I a trendy new yiwk style itjlian trattoria with private dining rooms now o|H*ti v f. ulVimtuiMi, |.u Mr rati £B I li 3 302 have lock roiJ, Singapore 1C96C3. AjK/VNU tekpl'die: (SS) 733 CMWO laramik: (3S) 737 3880 COPTHORNE
      422 words
    • 62 28 ■BiiBBB A Taste Of Tuscany ITALIAN FOOD WINE PROMOTION 14 24 September 2000 M* floo. W Knjoy Italian dining liourmrt Irst by Ghef Gianni Malagoli JIH of Genoa at Top of the *M' Revolving tmMf aj Restaurant. *4^l VI Reservations: rj, I 831 6288/58 Popular demand! Hitmltrvt (H| Singnpurr HB
      62 words
  • Page 28 Miscellaneous
    • 950 28 TVF»f7!Ti Central 800 Guinness World Re- 7.00 Fikir-Fikir. LO2 Business Tonight. 000 AM Kids rpntral Sps ,v« £TH? e L 7 30 Saudagar Senja. L3O Search World's Best 9,00 AM ias bes- 9.00 Tonight With Gurmit. 8.00 Berita. (r) S,iV tHp Hop ,H2 News 5 Tonight &30 Klinik Kita 2.
      950 words
    • 319 28 CRYPTIC CROSSWORD ACROSS 4 Honesty is the best policy? 1 A crime wave in the Anglo-Sax- (5,4,3,3) on kingdom (6) 5 Chiet getting in past due time at 4 Left in opening by the river, it's day found if s locked (7) artistic (8) 6 Remove surface from crumbling 8
      319 words

  • HOUSEHUNT
  • Page 29 Advertisements
    • 127 29 DISTRIBUTION CENTRE FOR SALE BY TENDER Address 58 Toh Guar) Road Description A 3-storey warehouse and office complex with 2 mezzanine floors Land Area Approx. 273,318 sq ft Built-in Area Approx. 253,992 sq ft Tenure JTC Leasehold 30+30 yrs wef 1/12/1990 Tender Closing Date Friday, 6 October 2000, 3.00pm For
      127 words
    • 31 29 370 372 PASIR PANJANG 63,000 sq. ft. Residential Freehold Near NUS (Kent Ridge) s 7 I National University of Singapore Bernard Valuers email: bvnet@pacific.netsg Real Estate Consultants Pte Ltd Fax: *****28
      31 words

  • BY DESIGN
    • 765 30  -  Herman Miller Inc expects its futuristic, minimalist look to become mainstream in five years. Vim* m reports VIVIAN NG Right angles. Bah, humbug. So many things are at 90 degrees around us in the mornings we awake in a squarish room to greet stiff, rectangular cupboards, only
      765 words
    • 849 31  -  EDWARD D'SILVA considers the trends in residential design as architects redefine the notion of contemporary in the local scene EDWARD D'SILVA The writer is director, SAA Partnership Pte Ltd, and past president of the Singapore Institute of Architects Residential architecture, ranging from the vernacular to the
      849 words
  • Page 30 Advertisements
    • 92 30 Qy. rfljj tfj J •■i j (.1 \<»u to brine work home. H^TXTuua All in all. we offer \ou tli.it one intangible I he Ascott Ser\iced Residences. Kvpcricncc 'he Won Sinn-iport I he ,-Wott M.nf.nr. I ondon I he Won J.ik.in.t I he Wo:: Ku.il.i I un pui I h.
      92 words

  • Page 31 Advertisements
    • 97 31 Collective Sale a Prime Residential Redevelopment omc w\ Site at Amber Road G >d Existing development: Orchid Mansion "39 j Pari,<) Scenic panorama of sea and greenery W Walking distance to shopping amenities V™— .1 Site area 18,451 sf J Subject n sw» l Residential, plot ratio 2.8, up to
      97 words
    • 378 31 Jones Lang vw LaSalle. 50 MacPherson Road A Modem 9-storey light industrial building Site area: Approx. 14,536 sq ft —jtt* i Floor area: Approx. 36,342 sq ft —iff* ■MBaj- Prominent frontage maximum visibility from PIE Fully tenanted to mostly IT-related companies ■rTflHflMHril Within walking distance from proposed Sennett MRT Station
      378 words

  • EXECUTIVESuite
    • 1057 32  -  GRA, Prudential's real estate fund management arm for Asia, is targeting markets in China, Korea and Japan, reports kalpanarashiwala KALPANA RASHIWALA GRA Singapore, the Asian real estate fund management arm of Prudential Insurance Company of America (Pica), is looking to invest in north-east Asia, and will set
      ARTHUR LEE  -  1,057 words
    • 403 30 COMPAMES y«fl 2 VEAP 3 YEAP 5 YEAR 6-to YEA« 11-35 ABN-AMRO Bank (max of 30 yrs) 3.5000 4.2500 4.7500 4.7500 4.7500 4.7500 4 7500 Citibank* (max of 30 yrs) 4.5000 4.5000 4.5000 4.5000 4.5000 *5000 4.5000 DBS 4.0000 5.0000 5.0000 5.0000 5 0000 5.7500 5.7500 Hong Leong Finance! (max
      403 words
  • Page 32 Advertisements
    • 253 32 s\\ -v-t rr j-H— l —f' -I_ h-' r- >.\ -H-r* Jj -I-— X"- -ten cv\ y-,* X-v- 4- i, I j <j. j. r _1 t-» i i ,v. v f./V ri .< --T I. r~» I v\\\ f t'T i| r't j. -4-. *,"•>/. N'i v. »•> 'ij
      253 words

  • SHIPPING TIMES
    • 147 33 Reuters GRAIN chartering was extremely thin on Tuesday, with only two fresh fixtures having emerged, brokers said. However, the overall picture for the dry cargo freight market was one of steady to slightly firmer levels as reflected by gains to all of the Baltic indices. The Baltic Dry
      Reuters  -  147 words
    • 282 33 a n CWT Distribution 0.69 -0.02 6 Oman Hup 038 0.01 386 Cosco Investment 0.16 unch 36 Fretaht Links 0.17 unch 321 SB Holdings 0.65 0u03 9 Hei Sun Hup 038 unch MS IMCHPMta«s-HK 5.60 unch 0 Jays Holdings 0.16 unch 219 KappalCorp 382 uncfi 542 KeppPlFtLS 1.17
      282 words
    • 450 33  -  Newly-formed Singapore Maritime Academy's proposed $12m facility will be ready in 2002 By Ann Toh [SINGAPORE] A $12 million facility to provide seafarers with integrated simulator training will be built at the newly-formed Singapore Maritime Academy (SMA), as increasingly sophisticated methods are needed
      ZAOBAO  -  450 words
    • 355 33 Govt agrees to reconsider appointment of new director-general of port authority AP [BANGKOK] Workers at Thailand's main port called off a two-day strike yesterday, ending concerns that exporters, shipping companies and other businesses were headed for massive losses, Thaweep Kanchanawong, the chairman of the port's
      AP  -  355 words
    • 232 33 AP (MOSCOW] Russia signed a deal with India and Iran on Tuesday to speed up cargo traffic between Asia and Europe in a bid to boost Russia's role as a conduit for world trade. The 10-year deal was reached during
      AP  -  232 words
    • SHIPPING news
      • 790 34 Bloomberg [LONDON] Peninsular Oriental Steam Navigation Co (P&O), shares of which have risen 8 per cent in the past five years, could get a boost next month when it plans to spin off its cruise line business to shareholders, analysts say.
        Bloomberg; AFP  -  790 words
      • PORTShots
        • 101 34 RICHARD Petrie has been appointed chief operating officer for Kvaerner Masa-Yards (KMY). President Martin Saarikangas will keep his position until a new CEO has been appointed later in the year, after which he is expected to remain a director at the firm. Last week, the shipyard
          101 words
        • 55 34 UK ferry operator P&O Stena Line has kept in the black despite the loss of duty-free sales and rising fbel costs. Net second quarter profit was US$l5 million, down from U5539.5 million for the same time last year, but well up on the first quarter. Operating
          55 words
        • 51 34 UK-BASED shipping consultancy Drewry has added two former staffers at Containerisation International to its team. John Fossey will act as an executive consultant and edit Drewry's Container Market Quarterly, while Dean Davison will expand the company's port consultancy capability and lend his experience in other port-related
          51 words
    • 176 34 PAGE Donqnama 3 AO. 6 6 Accord 8 £ct Appenshtp 5 tCU L 6 Assets 8 6 Austral 8 F 0 Su 5 Balaji Shpq 5 F BSA r 6Unfc 4 Gemartrans 6 8 tang Mas 8 CCNI 7 CMACGN 3 3 Heunq-A 4 C0SC0 5 HywL
      176 words
    • 21642 40 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyaqe Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number SIN Dest'n Name Name Number Number ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■I ■■■MMnMMMIWMMHHMHIMMll 30/09 22/10 NYK NEOLLOYD HONSHU 17*38 65 *****23 To ABIDJAN (ABJ) 2003 Cote D'lvolre 30/09 30/10 uasc asir c*»*
      21,642 words
    • SHIPS IN PORT
      • 732 44 Vessel Voy No Berth Arrival Departure GEipress *****0 'jB 13/09/7:05 13/09/1730 MM J ***** JOI 13/09/8:45 13/09/20:00 Bintan Mltra 5ep-01 J02 13/09/6:20 13/09/23:00 Tote 155 17/00 J03 13/09/8:10 13/09/17^0 Winstar I 91S00 J03 13/09/7:30 13/09/2000 Kmtrans Pow Kp007 J15 13/09/9:10 13/09/15:00 BayswaterllS H0225 J02 13/09/8:55 13/09/16:00 C Success
        732 words
      • 1958 44 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Boohlnq/RiUnce Rstts Ship Voy No Etb/Btr Period From To From ACIFAICOM OCU 13/22M It 12/1500 12/1459 Dtc 00 U 12/1700 13/0459 11/0900 a i2/i7oo u/0459 13/0*0 ACJ GARNET OB I5/«:00 It 12/1500 12/1459 OkOO 2A 12/1700 13/0459 U/0900 H 12/1700
        1,958 words
      • 188 44 Sep 15 Japan: Respect for the Aged. Sep 23 Japan: Autumnal Equinox Day. Oct 1 China: National Day. Oat 2 Hong Kong: The day following National Day. Oct 3 Germany: The Day of Germany Unity. Korea: National Foundation Day. Oat 6 Hong Kong: Chung Yeung Festival. Oct 0
        188 words
      • 773 44 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 average sized stem. Market movements are Indi cated The Cockett Bunker Price Index change
        773 words
      • 482 44 CwftM 180 Mix 990.7 0.7 S.4 0.08 77 0.0S S«f 7 Density *«t*r NiMw Ask MKw >HmI No atow E25 0 0 1 0 0 0 380 Aw 987.6 0.5 I2J 0.07 33 0.02 Cum 380 Mai 997J 6.9 17.4 0.17 iS 0.07 %m/m rm mrnt
        482 words
    • AIR & LAND transport
      • 342 45 Twenty people treated for gas inhalation; no flights affected AP [SYDNEY] Poisonous fumes escaped into part of Sydney's international airport yesterday, affecting at least 20 people, officials said. Ambulance and fire brigade crews were called to the departure terminal of the airport shortly
        AP  -  342 words
      • 233 45 Bloomberg [TOKYO] Skymark Airlines Co, Japan's first discount carrier, cut its parent net loss for the third quarter of the business year ending October by about 20 per cent from the year-earlier period owing to improved ticket sales on domestic flights. The Tokyo-based company
        Bloomberg  -  233 words
      • 180 45 Bloomberg [ATLANTA] Delta Air Lines Inc, the third-largest US carrier, said it will end a tie to Trans States Airlines by March 31 next year and shift routes flown by the commuter carrier to other partners. Delta said most flights by Trans
        Bloomberg  -  180 words
      • Article, Illustration
        40 45 [CHICAGO] Barb Carter, whose Orlando, Florida, flight is delayed, takes the only seat available, on the ledge of the people mover, at Chicago's O 'Hare International Airport on Tuesday, where severe weather caused flight delays and cancellations. AP
        AP  -  40 words
      • 271 45 Reuters [AUCKLAND] New Zealand competition regulator, the Commerce Commission, said it could do nothing specific about an airline complaint against fee increases at Auckland International Airport. The Board of Airline Representatives (BARNZ) said on Monday it had filed a complaint with
        Reuters  -  271 words
      • 71 45 [BERLIN) Visitors gather around a Lirex prototype regional commuter train at the traffic fair InnoTrans 2000 in Berlin. The commuter tra in by theAlstom group combines a futuristic design with features such as an integrated cinema compartment, displays for various information services as
        AFP  -  71 words
      • 116 45 AFP [HONGKONG] Hongkong's Chek Lap Kok international airport saw flights reach an annual high in August, with passenger numbers up 8.9 per cent year-on-year, aviation authorities said. There were 15,875 flights arriving and leaving the two-year-old airport in August a rise of 10.7 per
        AFP  -  116 words
      • 289 45 Implement uniform customs policy too, US business group urges Asean AP [BANGKOK] A private organisation promoting US businesses in South-east Asia said it has urged Thailand to push for an "open skies" policy in the region. The US group also urged a uniform
        AP  -  289 words
      • 1877 45 CITY FlICHl CTA FLIGHT ETO 8*7306 *05 A4MMt 8*7381 1930 8*7382 2055 OFi MS <*81 1930 OfK 2055 S***** 2335 ******9 2230 Fufcaoka SOW 1530 ***** OM 6tn*qzl*o» SC803 1910 CZ352 0910 ux CZ351 2045 $0004 1020 St S S <S£ 5 ****** 2255 S024 2315
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    • LOGISTICS page
      • 629 46  -  Express company explains the recent shift towards Internet technology to AMN TOH ANN TOH AIR express firm DHL Worldwide Express expects its online business to surge in the next few years, DHL electronic commerce strategy manager Colum Joyce said recently. "We expect 80 per
        629 words
      • 573 46 Reuters [LONDON] Global air freight will grow at a 5.7 per cent annual average rate over the coming 20 years, slower than the industry's historical 7.0 per cent but faster than passenger traffic, Airbus Industrie said. The financial challenges of replacing ageing
        Reuters  -  573 words
  • Page 33 Advertisements
    • 109 33 AUSTRAL ASIA LINE B.V ANNOUNCEMENT CHANGE OF AGENCY IN SINGAPORE DEAR VALUED CUSTOMERS AND SERVICE PROVIDERS AUSTRAL ASIA LINE B.V. WISHES TO INFORM THAT WITH EFFECT FROM IST OCTOBER 2000, EFFECTIVE VESSEL CAPE HOWE V.Ol A 00, OUR OFFICIAL AGENT FOR SINGAPORE WILL BE NEWSHIP AGENCIES PTE LTD N01 KIM
      109 words
    • 24 33 P&O stock may revive on demerger of cruise business, Pg 2 Fumes leak into Sydney airport's departure terminal, Pg 13 Airline schedule, Pg 13
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  • Page 34 Advertisements
    • 201 34 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 asv. jfiL mm I 180C1S"*® I A SANKYU (S) PTE LTD
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    • 678 34 Lines services represented by ii Members of the Registry of Members of the Accredited Shipping Agents, Singapore logistics Singapore Shipping Association Association ULY UNK MALI [vissa I vor In* Tn* r~s£ R KLAK6 SPORE MALE Princess Lily VO6OO 15/09 17/09 25/09 Empress Lify VOBOO 01/10 03/10 11/10 Princess Ufy VO7OO
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    • 1147 35 SAX SERVICE (DIRECT) VFSSE VOY SMEIA LAX OAK DM HOU Ofl OX MIM 01 NYC AftllltQUOßf 0M 04/09 21/09 26/09 24/09 26/09 15/06 15/0« IS/M 16/ OS 16/06 APLSAttONYX 0231 13/09 26/09 03/10 03/10 03/10 03/10 03/10 03/10 05/10 05/10 tflTOUMMiff 0371 20/09 05/10 10/10 10/10 10/10 10/10 10/10 10/10
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    • 1742 35 OHANJIN SHIPPING likF 1 iMsMfilOT -MB *****30 HAJUM SMPfING (S) HI LTD ta* //wm lwpa cm MOUMG 73J0TJS 737 MLB *****74 731 DOCUMENT *****71 774 OffIUTXMS *****50 751 MAIN LMf *****55 FAX SMI 145 CI Mh **********0 M TO NW USA A CANADA USA CANADA* RM vsl/vot iam 5 i*haul/vot
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    • 368 35 resa wsMWGWsiiiHKGKausiiins «sa 5i sm ifflSffl 1 -S— jjg liS —g»-SH—-jj—B%—BS —«ir mtnomas ooss i;/w 27/w a/w aromas 012s u/oi 11/w tia w» 24/w turn 21/w 21/w ibtcpusam pus n/w 21/n 01/10 03/10 <k/io B|mi o<7s I 'vw I 02/10 02/10 01/10 11/10 05/10 tanan 0200 23/w 27/w 2i/w jX
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  • Page 36 Advertisements
    • 1601 36 C SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANCANADA «SKI VOY M l£M RTM AMR HAM llflV FL* tCSHL [»0Y SM 6fT |SK FOS VLC *TH HAMJM WIMNGTON 0013W 12 M S« 30 09 010 M 1( Ml* Mil CHOYAMi SUCCESS H44W 17 H "ITT "FT Mil "ttlT "1711 TIMDfETHWnY atom ISM
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    • 1072 36 ai Mflß-iIPI ft S'Mftg M'&IA Carrier. MN CONTR LINES, INC p. gudang:(o7> *****26 I -IV/ Vz_j MNOI(aW?MMI S®U: (064)*****9 MAMLA: (632) *****24 PENANG: (04) *****36 BANGKOK; (662) *****57 SURABAYA: (31) *****11 P KELANG: (03) *****77 JKT: (21)*****46 KUCHWG (082) *****1-3 PASIR GUPANC HO CHI MIMH MV "QING SHAN" V.0019 MV
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    • 720 36 EXPRESS CONTAINER FEEDER FOR N SHEW (CFS MULUNO. MUMBAi/COIOMOO ALSO ACCEPTING TO AIL NORTHERN ANO WESTERN 1.C.0. POWTS VtWl S PORE N SMEVA COLOMBO PKLANG CAPE CREUS V.112W 17 SEP »SEP 30 SEP 06 OCT CAPE CANAVERAL V 129W 24 SEP 03 OCT 17 OCT 13 OCT TULSIDAS ¥.131 01
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  • Page 37 Advertisements
    • 1770 37 OVISStL VOY HKG KHH [SIN PKL PXB BAB DMM BIK IRAN TABATABAEI PCL-171 08/09 10/09 15/09 15/09 23/09 24/09 26/09 28/09 IRAN KIRMAN PCL-172 16/09 14/09 20/09 21/09 28/09 29/09 01/10 03/10 IRAN ISFAHAN PCL-173 20/09 19/09 23/09 24/09 01/10 02/10 04/10 06/10 IRAN BAAKERI PCL-174 27/09 26/09 30/09 01/10
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    • 1256 37 tot S«KO« mRV 1 jßr NMHera j I W XIAMEN i ™VtSDAY I DALIAN EVERY SVNDAY J I GENERAL AGENTS IN SINGAPORE 80 ROBINSON RD TEL 226 1900 FAX: *****08 OUTWARD (B/L) *****02 JOHORE OFFICE: COSTAR SNIPPING PTE LTD #12-00 SALES/IKGS *****57/43 INWARD DEPT (D/O) *****86 COSTAR AGENCIES (IA) SDN
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    • 1310 37 f—^^^^^——— IUROPf EXPRESS SERVICE EXPORT IMPORT ffisa vor an j an m. am ham mv fu ybxl vot m ha* fu un m CTAiPHA 013W 19 90 00. 10 08 10 09,10 10 10 11/10 112/10 HJ KU»G 0231 ?4M 26 M ?S M 31 0i 17 09 WJOONGSIN 01SW
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  • Page 38 Advertisements
    • 878 38 lUROPt/UIC/SCAM«NAVIA/WNIAMO/RUS«A SRRVKIS EXPORT VESSEL/VOYAGE SGf RDM HIG TUP ZEE ANW LHV ALSO ACCEPTING CARGO TO AND FROM- FINLAND. DENMARK. SWEDEN. RUSSIA < NORWAY MEDITERRANEAN/BLACK SEA/EUROPE SERVICES EXPORT VESSEL/VOYAGE I SGP 100 VKN OG |DIU RDM WV THP ZH LTUNRDOO6OO47# i7/ft 29 t»ibl/lOto'lO'0^10******W)0 07 TOIOB/IO uuncornoo6iooiw 74/09 Qt/iofoiojiaooll2/*****/10 ;12/)Q Vio jis/io
      878 words
    • 400 38 ARABIANPERSIAN OUF/MPiAN SUBCOKtiSITSBMa lIXPOM I VESSEL VOYAGE SGP (Ml MJt JIA UU OMM lAH KH4 NXV IINGHE OI7IW 14/09- 24/09 77/Ot 29/09- I UNI ARDENT 0630 073W 11/09 22/W 27/09 21/09 29/09 I UNI ACTIVE 01«077* 19/09 21/09- 29/09- 02/10 IxiANGHE OI6OW 72.09 03/10- 07/10- uWAMPLi *****31* 25/09 29/09 04/10
      400 words
    • 725 38 Ai ADVANCE CONTAINER LINES (PTE) LTD 'Ml■» I TEL: *****21. FAX *****19. TELEX :RS ***** ACLPL CR NO **********0E fOW BOOKINGS PLEAS* CA11: *****22 SALES A MARKETING *****21-28 IANOKOK MiUMtflhrt 1 JAKARTA -(7 Uiiu^WMk) Vtssa VOY SM HOC VESSEL VOY r SM JKT YANTRA BHUM (FAJ) 358N 16/9 Srt 19/9
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    • 392 38 SO TEL OK BLANGAH ROAD 102-02 CfTIPORT CENTRE SPORE *****8 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W rasa wr ew etd oestmatun MABUKWA 37 2000 1M&2000 1U&2000 PKL BALAM KAGURI 13,2000 IKR2OOO 1M&2000 PAS# GUOAICPOKTIANAK For enquiries and bookings please contactSEASPACE SHIPPING (S) PTE LTD
      392 words

  • Page 39 Advertisements
    • 470 39 .^EgSAj^ •mm MYANMA Ifflßk FIVE STAR LINE IMyanmar National Line) loading for Yangon WSSEL VOY SM PKI PEN PGU srrrwi 94w sio »ONG LA 35W 15/09 RULAYSIA AGENTS: ROUSTEAD SHIPPING AGENCIES KUL; m 03-*****00 PKL TEL 03-*****101 PEN: TEL 04-*****02 PGU: TIL 07-*****21/4 bank line (A i*rvi<e of Andrew Weir
      470 words
    • 1199 39 HMMO JjYUNPAI MERCHANT MARINE CO., LTD. imsa vor sw sou ta «m our hmi m [vcsa I voy I sou li«lra I «t I mim 1» Km JSS !$S S/!S Sft Hi 1 ,m 35 35 "5 HY KARON JMW 71/04 09/10 14/10 11/10 11/10 MMK SSSf M/ 2 »/M
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    • 643 39 vtfOv WALLENIUS WILHELMSEN TO NORTH AND UTIN AMERICA "CAR RORO HEAVUIFT SERVICE' l? 5?? ,OT HIIOW I IH* I LOC I«0 I HIU I S»V Iml 0« I lire IWW I iin. I I«0W« iSoi? wow, i.M n/n IS/10 oj/ii os/ii 01/11 10/11 m/ii u/h n/n TAKO AHO2O 400 Tom
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  • Page 40 Advertisements
    • 513 40 ■AMOKOMIAP TA PHUT/LAEM CHABANO JAKART A/PAH J ANQ VTSSfI VQT SIN It! I MTP I LCH VKSII VOY SIM JCT PJM MBA MB 3 SIN It/09 70/09 19/09 lULMWM IZ2H— 11/ M I 17/ M inwiHUM" 3SM 17/09 JO/W 71/09 ITIWIGfIMr 022 LZZM 2QM -SSr —IS SS- pqu amiitiqh* m
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    • 272 40 INDONESIA NATIONAL LINE TO AUSTRALIA H FULL CONTAINER SERVICE va wi_ m m m m stp m m ta m USUGAI JSS 11/Wtl/M 11/9* M/W WW rawnsaM HT om u/04 »/Soi/h«/i« S7io~ aftiyorr "wT K/«tm/o* «/i« os/io io/i» n/ie WIWM as B/IQM/10 13/10 IS/lt 17/10 »/10 FEEDER SERVICE TO INDONESIA
      272 words
    • 413 40 TASMAN ORIENT NEW ZEALAND FIJI NOUMEA BREAKBULK A CONTAINERS 14 DAYS FREQUENCY JSS votwo sm m m skd m sm?) wxisuvmwuiufirotmmi nSMMOMWMGm *****6 02/01 04/04 07/D9 0«/01 14/04 IS/09 02/10 04/10 04/10 12/10 IVIO 14/10 15/10 MO TASMAN OtUSADfR *****7 21/W 23/09 24/04 28/09 01/10 OS/10 11/10 20/10 2VIO 24/10
      413 words



  • Page 43 Advertisements
    • 53 43 \|ji Shantou, Dongshan, STL CONTAINER LINE ZhangZhou For Services To Vietnam Calcutta Tum 10 p s 3 Mon/Wed/Fri Pg 6 WoHdgate Express Lines STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers Weekly FCL/LCL ki c x c 7 -r New Europe To eastlmalaysia middleeast, PORTS AalA service DETAILS Pg 8
      53 words

  • Page 44 Miscellaneous
    • 139 44 FOR 7 AM 14 SEP 2000 WSBB^^^k j 1 1 LEGEND: Issued by Meteorological Service Singapore K Thunderstorm Ym Rain Temperature Wjn(J d j rect j on an( j spee( j j n Knots m Weather w Cloudy Day 'j Sea Conditions Wind speed symbols < 1 2m O Full
      139 words


  • Page 46 Advertisements
    • 103 46 You call DHL when It suits you. DHL collects when it i*-Sf suits you. So, you can go home to your kids, instead of waiting at the office for us. In short, by collecting your •_•-<•" packages better; DHL delivers you to your family earlier ■'-> V For more, just
      103 words