The Business Times, 19 September 2000

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Total Pages: 50
1 50 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 035/12/1999 85C SINGAPORE Internet: http://business-times.asial .com.sg/ TUESDAY, SEPTEMBER 19, 2000
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  • 74 1 sn 2JOMM (-37-43) IT-SB 77M0 (-10.13) ST INDEX nmJKES 2,***** (-52.00) SOBCIFUTCBES 2CL2O (-7.10) STOCK MAXKET INDICES Monday Change KLSE COMP ***** -11.40 NIKKEI 226 16,***** -***** HANG SENG 15,560.16 —-689J7 SET INDEX 28H81 -6.49 JAKARTA COMP —41IJ3 41.06 MANILA OOMP —1,***** -10.72 TAIPEI WH 6,910.14 -14X16 SEOUL
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  • 77 1 FOREX BATES US* S$ USS 1.747 £(LS$/SS per 1.401 1447 EURO(US$/SS/E) 0.866 1.494 DM 1285 1.806 YEN 107.0 61.30 RM 3.800 1176 HKS 7.796 4.464 BAHT 4116 24.13 RUPIAH 8.660 4558 •SS to 100 units PRIME SATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA -39.60 BANGKOK 160 MANILA 11.00 HONGKONG
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  • 525 1  -  Sources say more high-level dismissals possible; stock index dives to 17-month low From Shoeb Kagda in Jakarta INDONESIAN President Abdurrahman Wahid yesterday moved to shore up international confidence in his embattled administration by sacking his police chief, with palace sources hinting that more toplevel dismissals
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  • 960 1  -  Rising oil prices, currency instability, rate hikes seen dampening market By- Ven Sreenivasan [SINGAPORE] Forget about that long-anticipated fourth quarter rally in the local stock market: it isn't going to happen. This seems to be the emerging view among market
    Source: Bloomberg  -  960 words
  • 687 1  -  North Asian markets hit hardest by sell-off in region By Larry Wee [SINGAPORE) The euro and Australian dollar were again bashed to new lows in Asian trading yesterday, while North Asian bourses and currencies especially in Korea bore the brunt of regional
    Source: Reuters  -  687 words
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    • 167 1 dtstoe Top Stories Singapore's non-oil domestic exports surge 27% in Aug. Next Pmg• Ladyhill condos' sold at $1,700 psf. Mmxt Pmgm IsJltei Greenspan biography uncovers his quirky past. Pg 17 BT Comment Lee Han Shih on CPF money and the property market Pg 14 11l 8 "887 81******4 Cost per
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    • 43 1 Akb&r criticises Gus Dur's order to nab Suharto's son, Pg 20 More reports, Pg4 Bourses in Greater China take a hit Concerns over Daiwoo dampen Korean markets Euro fuel protests set to spread to Australia, Israel Taiwan to keep tabs on brokerage calls
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    • 18 1 HOME LOAN PRICE WAR DBS matches UOB's 2-5% offering *Pg3 Three big Japanese insurers to merge Pg 24
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  • NEXT page
    • 550 2  -  Growth was stronger than expected dne to firm demand for chips, telecom equipment By. Eugene Low [SINGAPORE] Lifted by continued strong demand for semiconductors and telecommunications equipment, Singapore's nonoil domestic exports rose a better-than-ex-pected 27.3 per cent year-on-year in August. Figures released by the Trade
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    • ON THE grapevine
      • 123 2 ELAINE and her gung ho colleagues at SingTel's IDD promotional team are using some rather intrusive marketing tactics to lure Mobile One subscribers, one irate Ml customer complained to Grapevine. She received a voicemail asking her to call an Elaine, whose colleague answered because
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      • 128 2 JIT Holdings shareholders wondering how the group settled oh its $4.38 merger price for the share swap with Flextronics International may be interested to know rocket science was not involved. Flextronics Asia- Pacific Ash Bhardwaj said the other day that when merger talks first started
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      • 68 2 LAST Thursday, Business Times Online ran a poll after major currencies fell to new lows against the US dollar. The statement that readers were asked to respond to was: The Sing dollar looks like it will follow currencies such as the pound, NZ dollar and Aussie dollar down.
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    • 585 2  -  Forty nnits at Caribbean at Keppel Bay sold, bringing total sales to 260-plus nnits By] Kalpana Rashiwala [SINGAPORE] Private residential launches continue to attract mixed results, reflecting cautious sentiment among astute buyers well aware of choices of upcoming supply. Sources say Simon
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    • 254 2 SUCCESS through lifelong learning Rff| UNIVERSITY OF 1 THE \Z9 SOUTH AUSTRALIA 1 UNIVERSITY "Ranked Among Australia's Best Universities" H OF HULL PhD MBA In Business and Management Singapore 7th Intake Oct 2000 MBA (General) The first and only PhD program to successfully produce 71 J 24 PhD graduates in
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  • SINGAPORE companies
    • 639 3  -  1218 exclusive New rates of 2.5% for first year, 3.9% in second year apply to all residential loans By Siow Li Sen SINGAPORE'S biggest bank has joined the home loan price war. DBS Bank is offering the lowerth an -1 im
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    • 837 3  -  locksiew paul thompson PRIMA'S recent interim figures reveal a solid performance but for large foreign exchange losses. And to add insult to injury, the interim report warns there's more bad news to come. It raises searching questions. Why have such losses come about? And
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    • 488 7  - Elec Eltek profit hits record $73m on PCB boom Opening up off Chinese market will boost results this year, it says By\ Lee Han Shih BOOMING demand for printed circuit boards (PCBs) lifted net profit of Elec Eltek International to a record $73.2 million, and the company said result for
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    • 199 7 Ernest Wong quits as director and r-hfl-imum SPH Asia One yesterday announced that Ernest Wong has resigned as director and chairman of its board of directors and audit committee. With immediate effect, Koh Boon Hwee has been appointed acting chairman
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    • 512 7 Reuters A HOTLY contested US$6 billion (5510.5 billion) US Army tender, in which Singapore's ST Engineering is participat ing, may be split into three parts, sources close to the tender said yesterday. •'There is talk in the market that the
      Reuters; FILE PHOTO  -  512 words
    • 397 7 Board will ad vise Keppel Insurance on Islamic products COOPERATIVE SGM has appointed a new Islamic Advisory Board (LAB) in concurrence with Keppel Insurance, comprising financial and Islamic law experts and Muslim leaders, for Keppel Insurance's line of Takaful (Islamic insurance) products. The role
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    • 348 8  -  Poor HI profit of $7.6 m due to lower write-back of property provisions By] Kalpana Rashiwala PROPERTY, hotel, food and refuse collection group Bonvests Holdings has posted a 44.5 per cent slide in interim group net profit to $7.6 million
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    • 344 8  -  But half-time loss narrows to $258,000 from $L2m Hit Andrea Tan DIARY maker Nippecraft failed to claw its way back into the black despite a five-fold rise in turnover. But it narrowed net loss to $258,000 from $1.2 million for
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    • COMPANY Briefs
      • 71 8 HTL International Holdings achieved sales of $70 million in the first half of2ooo, a 28 per cent increase, while net profits rose 19 per cent to $3.8 million. This came from better leather sales (up 25 per cent) and sofa sales (up 22
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      • 92 8 CHUAN Soon Hup Industrial Group's half-year profit jumped 55.5 per cent to 53.14 million on a 17.9 per cent higher turnover of $35 million. The key contributing factor is the steady growth of its business in Europe, North America and China. The more-than-proportionate
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      • 83 8 TONG Meng Industries has suffered a 72 per cent drop in net profit to $610,000 for the half year ended June 30. The company blamed the drop on the absence of investment sales. But turnover actually rose 11 per cent to $1.15 million
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      • 81 8 COLEX Holdings said its turnover for the half-year ended June increased 50 per cent to $16.9 million, due mainly to the full six months' collection of refuse for the Bedok Sector which commenced on Nov 1. But net profit fell 33 per cent to
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      • 118 8 FOR the six months ended June 30, ITE's loss increased 10 per cent to 1.1 million, despite a 15 per cent higher turnover of $10.3 million. The increased loss was due to losses of two new subsidiaries ($200,000 losses), higher provision for
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      • 113 8 KIAN Ho group has reported a 64 per cent increase of profit to $1.7 million for the first half of FY2OOO although turnover was up only a marginal increase of one per cent to $33.8 million. The out of proportion sharp rise in
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      • 55 8 BROADWAY Industrial's profit went up sharply by more than 10 times to $936,000 for the six months ended June 30, compared with only $90,000 in the previous half year. Turnover increased 10.4 per cent to $47.6 million. The group's results for this year is expected
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      • 67 8 T.IAN Beng Group said it has set up wholly-owned Rocca Investments, which will be involved in real estate investment and development. RI has been granted an option to buy several freehold properties in the Balestier area for $15.5 million. Subject to the approval of
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      • 80 8 FROM next month, the functions of the Clearing House department of the Singapore Exchange Derivatives Trading Ltd (SGXDT) will be transferred to the Singapore Exchange Derivatives Clearing Ltd (SGXDC). A wholly-owned subsidiary of the Singapore Exchange Ltd, the new unit will undertake all
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      • 59 8 SINGAPORE Airlines said it will suspend its share buy-back programme from Sep 27 to Oct 27, as it will be announcing its half-year results on Oct 27. This is in line with Singapore Exchange guidelines which do not permit companies to repurchase their own shares
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    • 392 9  -  By] David Boey UNISTEEL Technology Ltd, which makes fasteners for hard disk drive (HDD) makers, has lifted its interim earnings 38.3 per cent to $3.2 million, thanks to increased sales to multinational clients as well as orders from new customers from non-HDD industries.
      FILE PHOTO  -  392 words
    • 423 9  -  Industry recovery after a 2-year slump propels turnover to hit $87m np 141% By" Vivien Ng NET profits at semiconductor engineering specialist SingaTrust rose by 41 per cent to $7.4 million for the year ended June 30, lagging behind a sharper 141 per cent
      CHRIS LOH  -  423 words
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  • MARKETS watch
    • 523 4 Investors are concerned the failure to sell the carmaker will stall pace of corporate reform and inflate bank losses Bloomberg [SEOUL] KOREA'S stock market lost as much as an eighth of its value and the won slid on concern the failure to
      Bloomberg  -  523 words
    • 487 4 Bloomberg [TAIPEI] Taiwan regulators, taking a page from George Orwell, plan to keep closer tabs on brokerage recommendations because the local stock market fell "too much". "We never said anyone can't sell, but everybody must have confidence," said Wu Teng-chi, general manager of
      Bloomberg  -  487 words
    • 670 4  -  No thanks to heavy losses in Wall St, regional markets /•Vr/mi Quak Hiang Whai in Hongkong THE Greater China region felt the impact of the worsening global oil crisis yesterday as markets across Hongkong, Taiwan and China plummeted. Spooked by heavy losses in
      AFP; Source: Bloomberg  -  670 words
    • 691 4 Oil prices hold firm as Iraq fires verbal shots against Kuwait, warns Opec against giving in to consumer pressure Reuters Bloomberg AFP AFX-Asia [OSLO] The wave of fuel price protests sweeping through Europe has threatened to spread to Australia and Israel
      Reuters; Bloomberg; AFP; AFX-Asia; Source: Reuters  -  691 words
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  • SINGAPORE markets
    • 483 6 Stocks Volume Chart Semiconductor 26c 9,563,000 ITechGrp 4c 7,073,000 Eastern Asia 7,036,000 Liang Huat 10c 6,702,000 PacCent ML CW*****5 6,089,000 Cytech HK5c 5,929,000 Keppei Land50c 4,907,000 IPC020c 4,560,000 SingTel 15c 4.134,000 NOL 3,904,000 Stocks > Chart Semiconductor 26c 117,376,400 PadficCentury 31,619,630 DBSGrp 30,666,526 SPH 27.003,778 VentureMfg25c 23,666,700 SIA 22.980.470 OCBC
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    • 527 6  -  hi t comment STOCKS ven sreenivasan THE Singapore stock market sank through the key support at 2,050 points yesterday despite the release of better-than-ex-pected trade figures for August. The market's weakness mirrored similar troubles on bourses around the region,
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    • 180 6  -  WARRANT WATCH By" Ven Sreenivasan THE warrant of marine and property group Hai Sun Hup slipped a cent to eight cents on 290,000 units yesterday. Meanwhile, the underlying stock slipped half a cent to 36 cents on 374,000 shares. The warrant expires
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    • 226 6  -  HOT STOCK By' Ven Sreenivasan CYCLE Carriage's stock has collapsed in recent days amid oil price fears and rising political and economic uncertainty in Indonesia, where it has significant business interests. The counter closed unchanged at $3.50 yesterday on very thin turnover of 23,000
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    • 143 6 ♦THE directors of Strike Engineering Ltd announced that the company has obtained in-principle approval from the Singapore Exchange Securities Trading Ltd for the listing and quotation of new ordinary shares of 810.05 each in the capital of the company. The new ordinary shares arise from the issue of
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  • Page 6 Advertisements
    • 92 6 The renowned Hilton Dinner Theatre returns with Harvey, one of the longest running Henry McGee Jeffrey Holland comedies in the history M of Broadway and the J Watch the I .J!|K fascinating friendship I W§ B W between Elwood and his H 1 JtLm f imaginary rabbit friend, Harvey. Fall
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    • 89 6 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 SSI 'IVSBAT i- BUY<* SELL* HLI m
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    • 68 7 -t i c •L: -r. ft f||^3PT-^S?"vV-;';• £4v:'j- ftfelllfa t W/t/7 t/?e launch of DBS Securities online brokerage service, you can buy and sell stocks, or simply tap into the extensive, award-winning DBS research library from the convenience of your favourite chair. It couldn't be easier, or more comfortable. Call
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    • 18 8 BUSINESS SERVICES/ PRODUCTS The Straits Times Classified. r Classifications 201 266. I°* Buy h. Sdi It Find k.
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  • Page 9 Advertisements
    • 135 9 Regus is changing the way people f X-,*\ work by providing fully furnished, v I staffed and equipped offices on I flexible terms. Your company can be j t 1 operational within 24 hours, I in Singapore or over 350 centres I worldwide. Complete infrastructure, Jfjn I leading edge technology
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  • SINGAPORE news
    • 434 10  -  IDA annoances seven strategic tie-ups; helps Madge.web set up here By' Teh Hooi Ling REGIONAL Internet operators will be encouraged to use Singapore as a base for broadband content and services aimed at Asian markets, under a scheme announced yesterday. The
      FILE PHOTO  -  434 words
    • 375 10  -  Park to house 60 units, first 30 to be available by March By] Marissa Chew COME March next year, occupants of 30 units at an incubator park close to the Buona Vista MRT station will be involved in
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    • 211 10 SINGAPORE Post will introduce a new rate structure on Nov 1. The structure, approved by the Infocomm Development Authority, encourages standard size items that can be sorted by machine. Standard size mail will be charged according to two weight steps: 20g and 40g. The
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    • 358 10  -  I =S3 =4 on the economy shipping By David Boey THE amount of cargo shipped through Singapore's maritime gateways in July rose 2.8 per cent, or 738,000 tonnes, year on year to 27.5 million tonnes, the latest figures from the Maritime and Port
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    • 688 12  -  Group will gain more from this than members' individual efforts to attract investments By Anna Teo ASEAN will gain more politically and economically over the next few years if the original members jointly market the group's investment prospects, rather than try to promote
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    • 387 12  -  MAS official also tells insurance industry to shape np By i Serena Ng THE financial planning industry needs to offer a wider range of products and a higher standard of advice before it can take off, the Monetary Authority of Singapore's executive
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    • 354 12  -  ft/1 David Boey RSS Conqueror, a diesel-elec-tric submarine, will soon join submarines from Japan, South Korea and the United States for the region's first combined submarine rescue exercise, codenamed Pacific Reach 2000. Exercise Pacific Reach 2000 will be hosted by the Republic
      FILE PHOTO  -  354 words
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    • 613 11 y. v. >'- «uifcL tl ...J •w* L■ i\ > -rC tv*-- ft *-w- £a *•>'■'" V-•.; <jfc ,e„■■"■:; v >' f:; <Sssfi3 'Is <*/• y- j» wSj v I From 15th Sept to 31 st Oct 2000, any purchase of n° k |h 2 h a Nok a P
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    • 206 12 Hi m^K*j H fl W^t* You're an Internet Applications Provider, Incubator or Service Provider who offers Internet-based sales of products and services. Your primary delivery channel and product offerings are through the Internet. You've been in business for 4 years or less. m ———■—I—■———■————— GENEROUS REWARDS AWAIT YOU ON SUCCESSFUL
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  • MAIL bag
    • 390 13  -  Alex Ng I REFER to the article "HDB can do more with its resale flat website" (BT, Sept 12). I applaud the writer's suggestion to make HDB transactions more timely on its website. In addition, with the Internet being able to provide information readily,
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    • 202 13  -  Chan Wing Kee I THANK Patrick Peck for his comments in his letter "Financial analysis is just a guide" (Mailbag, Sept 16). The main issue is whether present valuation and risk management techniques are "good and fair" or subject to the influence of trends.
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    • 392 13  -  Wong Kok Fai I REFER to the letter "Allowing short-selling a serious flaw in SGX system" (BT, Sept 13). Mr Ho asked for tougher actions to be taken against short-sellers on the basis that their actions would lead to an oversupply of shares. According to
      FILE PHOTO  -  392 words
    • 139 13  -  Denis Distant I REFER to the letter, "Shortselling eliminates bias towards buyers", from Lai Hock Meng (BT, Sept 15) and would like him to name the custodian banks in Singapore which lend scrip to investors. As for his comment that "there is very little the
      139 words
    • 378 13  -  Francis Chia Pin Yong I WISH to express my views on the Financial Planner (CFP) Programme that has made headlines periodically in the local financial scene. The CFP programme offers insight into insurance, tax, retirement and estate planning and seeks to adopt a comprehensive approach.
      378 words
    • 192 13  -  Sean Riley Minister Counsellor (Commercial) Australian High Commission Singapore via Internet I REFER to the article "Aussie boat builders making waves, Singapore yards flounder "(BT, Aug 30) by David Boey. It is pleasing to know that the capabilities of Australian-built, high-speed aluminium boats attracted Mr
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  • FOCUS property
    • 282 14 HK's office market resumes 2nd most expensive position AFP [HONGKONG] The recovery in Asia's property market is expected to gain momentum and Hongkong will experience exceptionally strong rental growth due to the New Economy, a report said yesterday. Many prime office markets in
      AFP  -  282 words
    • 678 14  -  1:1 comment PROPERTY A staggering $140 billion of CPF money 77 per cent of the total Is tied up In property lee han shih Remember the old saying: "Don't put all your eggs in one basket"? It doesn't seem to apply to the Central
      FILE PHOTO; Source: CPF  -  678 words
    • 602 15  -  Sharp price rises in Barcelona have not been replicated By'. Marissa Chew THE Olympics are helping to boost infrastructure development in Sydney, but investors expecting a surge in property prices as a result of the Games will be sorely disappointed, said property
      FILE PHOTO  -  602 words
    • 257 15  -  fty Marissa Chew WITH a new building coming up at Pasir Panjang, the Board of Commissioners of Currency Singapore (BCCS) is selling its premises in the CPF Building. The premises, on Level 1 and Basement 1 and 2, are on a 99-year lease
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  • Page 14 Advertisements
    • 313 14 370 372 PASIR PANJANG 63,000 sq. ft. Residential Freehold Near NUS (Kent Ridge) n i /f Jq] kentwdSs/ National University J fIJ of Singapore PL I Bernard Valuers email: bvnet@pacMc.net.sg &Re£EstateConsutt^^ Residential Site at Holland Road Collective Sale of Dragon Court Land area 35,719 sf Plot ratio 1.4,4 storeys Th»
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    • 194 14 7 W'' ySH CHATSWORTH ROAD GOOD CLASS 66>V \vf/rA \X BUNGALOW PLOTS A 1245 Vvf W for sale /V X s. n. 1158.4 sq m I >>). Av J x Lots 1248 1249 TS 24 /(368 T 1244 /f/ Plot A-1,394.2 sqm 7681 >q ffl >) A* 1199 8 sqm
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  • Page 15 Advertisements
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    • 178 15 fffr CAT.S. Buy It. Sell It. Find It. Olympics update, Pg 28 100% Agreement to Sell Prime Development Site Next to Meyer Road For Sale Together or Separately Address 116,118 120 f\\ Arthur Road Land Area 6,019.6 sq m (Approx 64,795 sq ft) I^l Tenure Freehold Subject Zoning Residential I
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  • EDITORIAL & opinion
    • 795 16  -  iTIT^ bottom line OPINION shada islam The writer is a Brussels-based journalist who contributes to BT ROMANO Prodi took Brussels by storm one year ago as the European Union s designated saviour, the man handpicked by EU leaders to restore confidence in a discredited
      795 words
    • 122 16 This is the Achilles' heel of the economy.' Ken Rogoff Harvard University professor, after the US current account deficit widened to USSIO6.I billion (SSIBS billion) in the second quarter after growing to US$lOl.5 billion in the first. 'It's not possible for us to position ourselves globally by
      122 words
    • 601 16 EDITORIAL THE message from Japan's latest GDP figures is that the economy continues to grow but that the quality of growth has deteriorated somewhat The main components of private demand have weakened during the second quarter of this year. Thus, it is virtually certain that
      601 words
    • 1021 16  -  In the New Economy, investors believe that robust economic growth and low inflation can co-exist By\ Ed Yardeni The writer is chief global economist, Deutsche Bank Securities I AM a rather conservative fellow. As a result, a large percentage of the
      FILE PHOTO  -  1,021 words
    • 725 16  -  COMMENTARY By Michael Lewis Michael Lewis, the author of The New New Thingis a columnist for Bloomberg News. The views expressed are his own. Bloomberg ONE of the unsettling aspects of the modern capital markets, especially if you work in them, is how quickly one's status
      Bloomberg  -  725 words
    • 323 16  -  WHAT THE OTHERS SAY Bob Herbert OVER the past 15 to 20 years, there has been a tremendous shift in power in the criminal justice system from judges to prosecutors. Prison sentences for violent crimes and drug offences have been substantially (sometimes drastically) lengthened, and many
      323 words

  • MALAYSIA news
    • 682 17 KUALA LUMPUR They say delayed listing of toll road anit Plus will hit UEM's cash flow Reuters MALAYSIA'S United Engineers (M) Bhd (UEM) may have to exercise a put option worth US$B55 million (Ssl.s billion) to avoid a cash crunch
      Reuters; AFP  -  682 words
    • 480 17 KUALA LUMPUR Heitech Padu plans to sell 45m shares at RM2.50 each Bloomberg HEITECH Padu Bhd, the largest Malaysian information technology company, said it plans to sell shares to the public by end-December, even as the country's benchmark index hovers at its
      Bloomberg  -  480 words
    • MARKET moves
      • 110 17 Bloomberg LARGE-capitalised companies fell on concern that higher oil prices will raise costs, slowing Asian economies and hurting demand for Malaysian-made semiconductors, television and shoes. Tenaga Nasional Bhd, the biggest power producer, declined 50 sen, or 4.3 per cent, to RMII.IO, on concern
        Bloomberg  -  110 words
      • 127 17 Bloomberg PROPERTY developers declined after the country's property report said property sales fell 5.3 per cent in the first half ended June compared with six months earlier. There is concern lending rates may rise further, after banks raised their deposit rates. That could make it
        Bloomberg  -  127 words
    • 122 17 KUALA LUMPUR AFX-Asia FIVE mergers involving 10 insurance companies have been completed while 15 more companies are in various stages of merging, Bernama news agency reported, quoting Bank Negara director of insurance regulation Zakarig Ismail. Mr Zakaria said the latest merger deal
      AFX-Asia  -  122 words
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  • e-NEWS
    • 535 19 TOKYO Analysts sceptical about former state monopoly's first sale since 1986 IPO Bloomberg NIPPON Telegraph Telephone Corp, the world's largest telephone company, plans to sell as much as US$3.5 billion (556.13 billion) in stock next month to finance
      Bloomberg  -  535 words
    • 246 19 NEW YORK NYT WITH the retirement last week of Paul Maritz, Microsoft Corp lost a field general from the company's bitter computer wars of the *****. It was Mr Maritz, a soft-spoken technologist who came to Microsoft from Intel in 1986, who oversaw
      NYT  -  246 words
    • e Briefs
      • 86 19 Bloomberg [TOKYO] Softbank Corp will sell a quarter of its 9.9 per cent stake in Sky Perfect Communications Inc when the operator of the SkyPerfecTV satellite service sells shares to the public next month. Softbank, Japan's No 1 investor in Internet companies, will sell
        Bloomberg  -  86 words
      • 70 19 Reuters [LONDON] Caudwell Group, a mobile phone distributor and service provider in the UK, is planning a partial or full listing within the next year that could be worth over £1 billion (552.45 billion), the Daily Telegraph said yesterday. Chief executive and chairman John
        Reuters  -  70 words
      • 82 19 Bloomberg [TOKYO] Sharp Corp, the world's largest maker of driver chips that control liquid crystal display (LCD) screens, will boost chip production by 50 per cent by the end of this year to meet growing demand for electronic parts needed in everything from mobile
        Bloomberg  -  82 words
      • 84 19 Bloomberg [BOMBAY] SSI Ltd, an Indian company whose software is used in Nasdaq's trading systems, said it has acquired a US-based software developer for U5563.6 million (*****.3 million) in cash and stock to expand its business overseas. SSI will pay US$2O million in cash
        Bloomberg  -  84 words
      • 68 19 AFP [HONGKONG] Asian Internet firm Chinadotcom Corp announced yesterday that its subsidiary had formed a strategic alliance with China's state-owned digital library, said to be the largest of its kind in Asia. Beijing Digital Ark has joined forces with China Digital Library to create a
        AFP  -  68 words
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    • 27 19 INVESCO GT Asset Management Limited AvV.irdf'd PU" the- ud .i i Poo I 1 200^ Eqti f y f •v-i C.itfgofv* for rr.f'til! ovs'steut por^of^i'ite O INVESCO
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  • REGIONAL news
    • 468 20  -  Expected fall-year growth of 5% brightens govt's re-election prospects hYom Harish Mehta in Bangkok THAILAND'S export-driven economy grew a faster-than-expected 6.6 per cent in the second quarter, indicating that strong economic recovery was underway and brightening re-election prospects of the Chuan
      468 words
    • 285 20 BANGKOK Low bank deposit rates are hurting Thais Reuters THAI economic ministers have asked the central bank to find ways to halt declining purchasing power for Thais hurt by record low local deposit rates, but have come short of calling
      Reuters  -  285 words
    • 591 20 MANILA Lucio Tan misses deadline to pay for purchase: officials Bloomberg THE Philippine government may scrap the sale of a 30 per cent stake in Philippine National Bank (PNB) after businessman Lucio Tan missed a deadline to pay for the purchase,
      Bloomberg  -  591 words
    • 495 20  -  Hntomo should not be arrested over JSZ bomb blast without proof, he says By Tay Hong Seng [SINGAPORE] The Speaker of Indonesia's Parliament, Akbar Tanjung, yesterday urged President Abdurrahman Wahid to take stronger action to bring to book those responsible for
      AFP  -  495 words
    • 526 21 ADB WARNING Rising political risks may deter investment and affect recovery in some countries Reuters [MANILA] THE Asian Development Bank while raising its forecast for regional growth this year has warned that volatility in equity and foreign exchange markets and current weak investment
      Reuters  -  526 words
    • 154 21 Reuters [MANILA] Most developing nations In Asia will stay on the "losing side of the digital divide" without conscious efforts to tap information technology (IT), the Asian Development Bank said yesterday. The Asia-Pacific region has the market, capability and awareness for achieving self-sustaining and
      Reuters  -  154 words
    • 120 21 MANILA AFX-Asia SECURITIES and Exchange Commission (SEC) chairperson Lilia Bautista said the SEC is looking to require stock brokerage houses to maintain a minimum paid-up capital of 100 million pesos (Ss3.B million) to encourage mergers. Ms Bautista said brokers applying for renewal of their
      AFX-Asia  -  120 words
    • 211 21 BANGKOK It can't strike deals to revive partly bnilt projects AFX-Asia THE National Housing Authority's (NHA) plan to revive partly built property projects held up by the regional financial crisis is likely to be aborted as the agency cannot strike deals with the developers,
      AFX-Asia  -  211 words
    • 449 22 TAIPEI Officials didn't realise there would be a lock-up of 6 months after NY listing Reuters PRIVATISATION of Taiwan's stateowned Chunghwa Telecom suffered a fresh setback as officials admitted it would not happen by June 2001 as scheduled. Officials from Chunghwa Telecom and the
      Reuters  -  449 words
    • 280 22 TAIPEI AP WHEN Taiwan opens limited transportation links with China later this year, only residents on two outlying islands will be allowed to sail directly to the mainland, an official said yesterday. The planned "small three links" will only involve residents
      AP  -  280 words
    • 618 22 ZHENGZHOU, China Plan follows 33% annnal rise in domestic wholesale prices caused by drop in output Bloomberg CHINA says it will restart a sugar futures market this year, six years after halting trading because speculation drove prices up 73
      Bloomberg  -  618 words
  • Page 20 Advertisements
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  • Page 21 Advertisements
    • 173 21 1 i Using the global resources of leading news services, Star Hub iPower gives you the power to stay up to date anywhere, anytime. Call 1800-STARHUB (1800-782 7482) FU, or visit www.starhub.com.sg today. j#A Star Hub Source INVCSCO and AMVfSCAP PIC "*1 th*Smp«amlNVt SC OGT Global Growth fund and IHVtStO
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  • Page 22 Advertisements
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  • Page 23 Advertisements
    • 156 23 HITACHI Inspire the Next Your business without ASP Your business with Hitachi ASP With Hitachi ASP your business has the power to keep moving. human resource and payroll, 2) core operation support for manufacturing and HITACHI is committed to inspiring the future by providing new services logistics, and 3) SCM
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  • WORLD news
    • 650 24 TOKYO Tokio Marine, Asahi Mutual and Nichido will set up committee to settle alliance details Reuters THREE of Japan's biggest insurers yesterday announced plans to merge, creating a 19 trillion yen (*****.8 billion) group to confront competitive threats by foreign and
      Reuters  -  650 words
    • 785 24  -  Letter from Melbourne The WEF mob raises questions on what is un-Australian behaviour, Tye Kim Khlat writes Tye Kim Khiat OVERNIGHT, Australia has a new "service" to offer the world: Mob-For-Hire. Its sales pitch: "We can turn grouses big or small into
      785 words
    • 448 25 SEOUL Creditor banks seek new bids from 6M, DaimlerChrysler by Sept 28 AFP Reuters DAEWOO Motor's creditor banks yesterday opened a new auction for the bankrupt South Korean car firm following Ford Motor's withdrawal from a 7.7 trillion won
      AFP; Reuters; REUTERS  -  448 words
    • 571 25 ■LONDON The Independent, The Daily Telegraph NASDAQ, the US hi-tech stock market, has held talks with three European groups about joining a possible consortium bid for the London Stock Exchange (LSE). The groups are OM Group, the Swedish bidder for
      The Independent, The Daily Telegraph  -  571 words
    • 339 25 TOKYO Reuters JAPANESE construction company Kumagai Gumi Co Ltd said yesterday that it had asked creditor banks to forgive a whopping 450 billion yen (557.34 billion) in loans as part of a restructuring plan. The debt-waiver request, which exceeds the 354.6 billion
      Reuters  -  339 words
    • 311 25 Merger will create world's 6th biggest MIA adviser Reuters [FRANKFURT] Germany's Dresdner Bank AG yesterday agreed to buy US investment bank Wasserstein Perella in an all-paper deal worth about U551,369 billion (552.4 billion). Dresdner, Germany's third-largest bank, said it would combine
      Reuters; AP  -  311 words
    • 258 25 LONDON Reuters BRITAIN'S Cadbury Schweppes said yesterday it would buy the Snapple Beverage Group from Triarc Cos for US$9lO million (Ssl.6 billion) in cash, its second-big-gest ever acquisition as it builds on its presence in the US soft drinks market. The purchase, which includes the
      Reuters  -  258 words
    • 288 25 WASHINGTON Telecom, comparing capabilities fuel financial innovations Reuters FEDERAL Reserve Chairman Alan Greenspan said yesterday there was no sign that the explosion of innovation that has transformed the financial industry in recent years was coming to a close. "The acceleration in the growth of technology
      Reuters  -  288 words
    • 888 27 Book describes the long road taken by celebrity who is now known as a master of obfuscation AP [WASHINGTON] AS a young man, decked out in a canary-yellow jacket, he blew a mean saxophone in jazz clubs around the country. Now, the world knows
      AP  -  888 words
    • 467 27 TOKYO Closing of loopholes could drive share market lower Bloomberg JAPAN is tightening rules that prohibit companies from juggling their stock investments to pad profits, a move that could drive shares lower. The accounting trick involved banks selling stakes they had held for
      Bloomberg  -  467 words
  • Page 24 Advertisements
    • 331 24 ~2_ ii H| H a recent study shows that when you CODDLE I 11 YOUR CUSTOMERS, I um it's your shareholders who feel all H II WARM AND FUZZY. 9. vi Hi |-1 Waly tilviTig CUStOITISTS full payback on their Siebel investment in §1 not only pays off, it pays
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  • Page 25 Advertisements
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  • Page 26 Advertisements
    • 228 26 HBBSkw T" 'i" 1 j f /JB m mil I i nwr v.-T —t t ?,-r„ V fl v// i I 1 l F^PH—? > /v mi/ II ~rr-r—-Uj' i wrm 7m wl I H I I I I llil i**" iI! '{"►•■-j mif 11 jj t £/II j II
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  • Page 27 Advertisements
    • 126 27 *_i :S* 3g£?| x^**^*?^,^' V v fp|pi»+ Be '»_i« 's'Tfc Hhl m i f l |Mp||^'c* ij I ■i J Mll T*T a% ft *4Vfi: l I!11♦B• 1 I I 111 1 'jPaa«»«»ijgr^y^3^^3Hj|^^Efe l s^^|^M|j^^Bßjs*3S^^v^2Mflfc|Z^Bi^B^BM Skywards, Emirates' new frequent flyer programme offers a range of benefits including Skywards Miles redeemable
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  • SYDNEY 2000
    • 567 28 AFP Reuters Bernama REIGNING Olympic singles champion Poul-Erik Hoyer-Larsen and 1996 doubles gold medallists Ricky Subagja and Rexy Mainaky were sent crashing out of the Sydney Games badminton tournament yesterday. On a day of drama and upsets, Danish world number three Hoyer-Larsen was beaten 15-3,16-17,15-10
      AFP; Reuters; Bernama  -  567 words
    • 807 28 The party is on as Asia's sporting giant wakes up to win men's team gymnastics title for first time and golds in weightlifting and shooting Reuters AP Bernama THE Asian sporting giant raised its head at the Olympics yesterday, winning the men's team gymnastics
      Reuters; AP; Bernama; PHOTOS REUTERS  -  807 words
    • 732 28 Giant killer Van den Hoogenband wins in 200-metre freestyle AP THE Flying Dutchman stunned The Thorpedo and an entire nation. With millions of swim-ming-crazed Aussies watching on television and thousands cheering in person, Pieter van den Hoogenband upset lan Thorpe in the 200metre freestyle yesterday, winning
      AP  -  732 words
    • Article, Illustration
      176 28 GOLD SILVER BRONZE TOTAL United States 6 5 2 13 France 4 6 2 12 China 4 1 5 10 Australia 3 5 5 13 itaiy Netherlands 3 10 4 Japan 2 3 1 6. Turkey 2 0 0 2 Germany 1 3 2 6 1 Russia 12
      176 words
    • 224 28 AFP TRADE on the Australian bourse ground to a halt yesterday as sportsmad brokers deserted their desks and headed for Olympic Games events after declaring an unofficial half-day holiday. Sydney traders said they had lobbied the Australian Stock Exchange to officially close the market at midsession each
      AFP  -  224 words

  • FINANCE & commodities
    • 321 29  -  SGZ Derivatives Tradingßeport ST Index/MSCI S'pore Index Chan Yet San Refco Singapore THE Singapore stock market closed lower for the tenth day in a row yesterday. The Straits Times Index gave up 37.43 points or 1.82 per cent to end at 2,016.26 points. Within
      321 words
    • 235 29  -  MS& Taiwan Index Chan Yet San Refco Singapore THE Taiwan stock market continued on its downtrend yesterday. The MSCI Taiwan Index gave up 5.18 points or 1.66 per cent to end at 307.68 points. Trading volume within the index came to 656.04
      235 words
    • 184 29 Reuters [BANGKOK] More than 85 per cent of the main second rice crop in Thailand's key northeastern growing area has been affected by floods, Prime Minister Chuan Leekpai has said. The state-run Mass Communication Organisation news agency quoted Thailand's Prime Minister as saying
      Reuters  -  184 words
    • 324 29 Reuters London THE euro dropped to record lows against the dollar yesterday amid concern that a meeting of the Group of Seven industrial powers this weekend will not result in concerted action to stem the single currency's decline. The euro's latest setback comes after US Federal Reserve Bank
      Reuters  -  324 words
    • Article, Illustration
      1258 29 nrnuw cross rates sepis cs ht tire fir On HK$ tad Is lhipM> Yen Wow tM WZ$ Hk Ki Peso SS Bawd Sfr HT$ BUt Po—< US$ Australia 0.807 4.509 0.635 4.164 1242 4.237 24.932 47.054 0.582 6.140 2.065 1.305 30.*****.902 0.949 3.928 0.967 17.*****.908 0 388 0.543 Canada 1240
      1,258 words
    • 1900 29 SICOM FUTURES Sep 18 RUBBER (futures dosing as it 5.30pm) RSS1 CONTRACTS certs/**)) Close Volume Open Month High Low Soft (tonnes) Interest Oct 00 H3.75 Nov 00 05.50 Dec 00 116.75 Jan/Mar 001 120.00 RSS 3 CONTRACT (US c*rts/kg) Volume OpM Month High Low Sett (tomes) Interest Oct 00 64.25
      1,900 words

  • STOCKS east asia
    • 2878 30 HONGKONG AFP P Hang Seng -689.37 HONGKONG share prices plunged 4.2 per cent to below the main index's psychological support level of 16,000 yesterday due to weaker overseas markets and amid worries over oil prices, dealers said. The key Hang
      AFP  -  2,878 words
    • 2046 30 TOKYO AFP Q Nikkei 225 -***** SHARE prices in Tokyo fell 0.9 per cent yesterday as investors dumped Japanese high-tech issues following a fall in the US Nasdaq market, brokers said. The Tokyo Stock Exchange's Nikkei--225 index lost 152.12 points to close at
      AFP  -  2,046 words
    • Article, Illustration
      1024 30 Reuters Bloomberg P Shenzhen B Index -4JBQ CHINA'S hard currency B shares closed sharply lower yesterday in a selling spree triggered by weakness on the domestic A share market, brokers said. The Shanghai B share index ended down a provisional 5.04 per cent at 65.05. The Shenzhen B share
      Reuters; Bloomberg; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,024 words
    • 393 30 AFP QWP Index -143J5 TAIWAN share prices closed 2 per cent lower yesterday to breach the support level of 7,000 points due to weak sentiment, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 143.15 points to 6,910.14, following a 1.4 per cent decline in the previous session.
      AFP  -  393 words
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  • STOCKS klse
    • 430 31 AFP P Composite Index jIL4O MALAYSIAN shares ended 1.5 per cent lower yesterday due to a lack of fresh leads coupled with the poor performance of other major regional bourses, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 11.40 points to finish at
      AFP  -  430 words
    • 8966 31 INDUSTRIALS Consumer products 2000 LMt Vo« Day Net Cap Hiqh Low Company Ml *000 Ht«> l»» P/E $mM 420 310 Ajlnomoto 350 ".I 141.9 158 55 Angkasa 56 -2 64 57 55 82.6 670 290 Apollo Food Htq 440 3 450 440 9.6 176.0 3725 2700 BAT 50C 3450 25
      8,966 words
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  • SGX clob & regional stocks
    • 3070 32 BONDS A WARRANTS Sep 18 M «n*i fnmj limn S2-«eek L»t W Bay LMtOMtt »uM Cia Um Mk 1Mb M* LOT Mi «er- COOO) N*>i Lot »w Wtv PrM ihHiIWIi Ma 1%) Geart*2 la* 515 7.5 s Acma ******4 8 -L5 173 9 7.5 7.5 8 9 41.0 I 300
      3,070 words
    • 309 32 AFP Q Composite Index -50.64 SOUTH Korean shares fell 8.1 per cent yesterday. The index eased 50.64 to 577.56. Volume was 313.1 million shares worth 2.3 trillion won.—AFP S«pM )M Anom Sontf 7450 -1000 Broin T«Ch 710 -85 ContrM B«nk 640 unch Ctwil Comm ***** -6000 Oh Gu B«nk
      AFP  -  309 words
    • 285 32 AFP n Composite Index -10.72 PHILIPPINE share prices fell 0.7 per cent yesterday with the Philippine Stock Exchange Composite Index down 10.72 points to 1,440.27. Volume fell to 1.23 billion shares worth 14.85 billion pesos from 3.87 billion shares worth 580.07 million pesos on Friday. AFP Se»l» 'no 000)
      AFP  -  285 words
    • 267 32 AFP QNZSE-40 -2L23 NEW Zealand stocks fell one per cent yesterday in light trading with many investors turning their attention to the Olympics, dealers said. The NZSE4O Capital Index closed down 21.23 points at 2,033.99 points on total turnover of NZ$6O.5 million. w cm) Advantage HQS 2.31 -0.04 26
      AFP  -  267 words
    • 553 32 AFP Q All Ordinaries -525 AUSTRALIAN share prices closed 1.6 per cent lower yesterday with the market dragged down by falls in local bourse heavyweight News Corporation, brokers said. The benchmark All Ordinaries index shed 52.5 points to close at 3,228.0, while the SP/ASX2OO shed 53.4 points to 3,276.4.
      AFP  -  553 words
    • Article, Illustration
      751 32 AFP □set Index 449 THAI stocks fell 2.2 per cent yesterday after sharp losses on Wall Street on Friday prompted selling across the board, analysts said. The Stock Exchange of Thailand (SET) Composite Index fell 6.49 points to 286.81 points and the SET 50 index was 0.51 points lower
      AFP  -  751 words
    • Article, Illustration
      682 32 AFP Q Composite Index -3L06 JAKARTA shares plummeted 7 per cent yesterday amid political uncertainties on the first day of trading after last week's bombing of the stock exchange building, dealers said. The Jakarta Stock Exchange Composite Index closed down 31.06 points at 411.03 on volume of 714.9 million
      AFP  -  682 words
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    • 108 33 With the share trade settlement period reduced, you can stf II Citibank Equity Investment Account your stocks even after the 3-day settlement period. And in addition to our Why let a shorter trade settlement period reduce your trading opportunities competitive financing, you'll also be earning daily interest on your cash
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  • EXEC lifestyle
    • Article, Illustration
      673 34  -  The Singapore Dance Theatre's recent triple bill offering gave dance fans fresh insights into the language of dance, says cheahdi-hoom CHEAH UI-HOON PERHAPS the spa or the gym, or even a football game, but one seldom thinks of going to a dance performance to be energised and
      PHOTOS BY TAN NGIAP HENG  -  673 words
  • Page 34 Advertisements
    • 182 34 «T v I ■h^-^ f>>WEyJiJil rl|v I ■iAI I B 1 I Tanya's done us proud with her I I I j music achievements. Her second I mmr A I W M I I A tmm I I Chinese album, Remember, made m§ I I 11 fj 1 I F
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  • Page 35 Advertisements
    • 211 35 Where to wine, dine and entertain...'™: <t) fs— -Definitely the first card in the world 4545 Enjoy our ever-popular Japanese favourites for lunch and in the evening, tuck into a wide selection of Japanese, Asian and Western dishes like Sashimi, Roti Prata, Murtabak, Drunken Chicken and Roast Sirloin Beef. Japanese
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    • 88 35 HOTEL GRAND CENTRAL LIMITED I 22 Orchard Road/Cavenagh Road, Singapore *****7 I Tel: 737 9944 Ext 40Q/D2 Fax: 733 3175 A A rt f experience at Gicfiaxcl, tfie lame team of fn.ofe\iiona£yet together once again to continue out feciallefationiAifi ITESTAURANfI with you. LCHSOOWJ We speciolize in Iraditiond Teppanyaki and alio
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    • 120 35 i A Taste Of Tuscany ITALIAN POOD WINE PROMOTION 14 24 September 2000 Mtft n—r Knjoy Italian dining at its gourmet best by Chef Gianni Malagoli MmH of Genoa at Top j I the 4 M Revolving Eflfjf Restaurant. Reservations: M Popular demand! Wfl x* mm ->m am MIB 111
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  • Page 35 Miscellaneous
    • 946 35 1 TVF.fH! in,. fy^Tsm^l—n«iir>l 10.00 Ally Mcßeal. 12.00 MN TV Innovations. Women's Singles QuarfTc ILOO La Femme Nikita: 130 AM Close. terFinal (L). 9.00 AM Kids Central. Sesa- Gates of Hell. LOO PM Olympics: Lunch- n e «r tn rv, IXOO MNN3TV(Lifestyle). |Nft»*lNewaAaU time Update. in ?n Twppnips lB M
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    • 285 35 CRYPTIC CROSSWORD ACROSS 5 Harvester oets slipped disc in 1 Where to see the stars come W ouj? (54) 6 Chopin s sole piano compost 9 Feeling of joy in Sibelius's fourth movement (7) 7 Vast > area of Southern Eu--10 Inclined to be evasive (7) pe^J^su 13 (7) 11
      285 words

  • KNOWLEDGE economy
    • 2143 36  -  Beware the harm that can come from conformist, command-and-control leaders, especially stodgy middle managers, says Patrick PATRICK LAMBE The writer is assistant director of the Professional Development Centre at Tfie British Council. Visit his website at greenchameleon.com and e-mail your
      AP  -  2,143 words

  • SHIPPING TIMES
    • 291 37 Reuters THE Baltic Dry Index (BDI) rose three points to 1,714, the Baltic Panamax Index gained seven points to 1,670, the Baltic Handy Index firmed two points to 1,168 and the Baltic Capesize Index was up one point to 2,314. TIME-CHARTER: ♦Crescendo (built 2000) 74,366 dwt delivery Hongkong
      Reuters  -  291 words
    • 285 37 MX i W l»« B CWT Distribution 0.65 -0.03 31 Chuan Hup 0.34 0.01 922 Cosco Invastmant 0.18 uncti 23 Freight Unto 0.16 -0.01 ISO G8HoMkigs 0.60 -0.01 2 Hai Sun Hup 0.36 -0.01 374 IMC HaMngs-HK 5.60 unch 0 Jay a Holdings 0.16 unch 190 KappaiCorp. 3.70
      285 words
    • 509 37  -  Philippine operator aims to make Dares Salaam premier port on Africa's east coast From. Alec Almazan in Manila MANILA-BASED International Container Terminal Services Inc's (ICTSI) Tanzania subsidiary is to operate the Dares Salaam Container Terminal and position it as the premier handling facility
      509 words
    • 73 37 [SINGAPORE] Orient Overseas Container Line (OOCL) recently celebrated the double christening of its 5,700-TEU container vessels OOCL San Francisco and OOCL Chicago. The ceremony was held at the China Shipbuilding Corporation (CSBC) in Kaohsiung, Taiwan. The vessels the largest ever built by CSBC— will be deployed
      73 words
    • 721 37  -  LINER SCENE By David Hughes TTHE big liner story of last week was of course the Maersk/PSA Corporation (PSA) declaration concerning a new agreement. The joint statement was not the longest-ever press release. That is not surprising since negotiations are
      721 words
    • 148 37 Reuters [CANBERRA] The Liberianregistered bulk carrier Ma dona sank in rough seas early yesterday morning in the Indian Ocean after all its crew were rescued, an Australian search and rescue official said. "It sank after the people were safely taken off," said a spokesman
      Reuters  -  148 words
    • 415 37  -  Change rules to make industry more competitive and efficient By] Donald Urquhart [SINGAPORE) Continuing regulatory reform is needed to make liner shipping more competitive and more efficient, says an international grouping of shipping councils. "New and different ways of approaching today's ocean transportation business
      415 words
    • 63 37 [LONDON] A consortium including Anglo-Dutch liner company P&O Nedlloyd has signed a 30-year concession to build and operate a new container terminal at the Ivory Coast port of Abidjan. The US$l4O million (*****.6 million) facility will include 600 metres of quay with a draught of 14m,
      63 words
    • SHIPPING news
      • 352 38  -  Reports David Hughes in London INDEPENDENT tanker owners' association Intertanko has called on the UN to clarify its position on port tariffs and maintenance at the Iraqi oil port of Mina al-Bakr after local officials began levying a charge of U5515,500
        352 words
      • 226 38 ACCELERATED phase-out of single-hull tankers will lead to a lack of capacity at world shipbuilding and demolition yards, according to a study commissioned by the Japanese ministry of transport. Although sufficient annual capacity for VLCC newbuildings exists, at a theoretical maximum of 88
        226 words
      • 174 38 UK shipyard Harland and Wolff (H&W) has won US$3l million (Sss4 million) from an arbitration tribunal ruling on the yard's disagreement with US-based Global Marine over cost overruns for the drillship Glomar Jack Ryan. The money must be paid by Global on or before
        174 words
      • PORT Shots
        • 92 38 NORWAY'S Fred Olsen group has sold its Canary Lines operation to the Hamburg-based Oldenburg family via its Portuguese firm OPDR. The company will take over the Canary Islands' carrier but will retain much of its staff as it sets up a new company in Tenerife
          92 words
        • 66 38 US-BASED Premier Cruises seems to have folded, according to industry reports. The second-hand ship specialist may have collapsed following this year's jitters in the cruise market that have already seen a drop in share prices and talk of overcapacity. Premier owns, amongst others, the Big Red Boat
          66 words
        • 114 38 OWEN Wu has been made chairman of Evergreen America Corporation and Thomas Chen has been named his replacement as president of the Taiwanese liner giant Evergreen's North American agency subsidiary. Both appointments are effective from Oct 1. Mr Wu has been president of Evergreen America
          114 words
        • 119 38 US-BASED Lykes Lines has appointed Hesco Agencies its new operating agent in Japan from Oct 1. Fellow CP Ships subsidiary TMM signed the same firm as Japanese agent in July. "Hesco is a well-established company with many years of experience and I am sure
          119 words
        • 59 38 UK-based shiprepairer Cammell Laird has appointed Dave Skentlebery as managing director of its north-east division. Mr Skentlebery is a former Global Marine man who spent some time as its regional director in Singapore and was involved in setting up and turning into profit a joint-venture cable
          59 words
        • 63 38 MARINE strike and delay insurer the Strike Club has reported a continuing "noticeable increase" in industrial unrest worldwide. "The last two years brought a resurgence of strike claims at the same time as the shipping cycle reached a low point," said the club's directors in its annual
          63 words
    • 177 38 PAGE tyak itoyd ACL 6 Dongnama tt Accord 8 twtr4m Appenship 5 ECt Asset, 8 ECULine Austrat 8 £yef rew flaiiii Foo °fl Sun W 5 Fuftai 8SA 7 G Link B tang Mas 8 CCNI 7 raflS Hangli CMACCM 3 Hanjin C0SC0 5 Heung-A CSAV 3
      177 words
    • 23674 44 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 07/10 06/11 UASC AL FARAHIDI CD6W 65-374WI7 To ABIDJAN (ABJ) 2003 Cote D'lvolre 09/10 30/10 Hani in minc west 035* 65
      23,674 words
    • SHIPS IN PORT
      • 744 49 Vessel Voy No Berth Arrival Deperturi J—t Pert Bt Rej J ***** J01 18/09/8:00 18/09/23 59 Princess LM 600 J07 18/09/5:30 19/09/18-00 Winstar I 93SOO J03 18/09/6:55 18/09/20:00 C Success 18-S«p JW 18/09/8:45 18/09/1600 CHengal C***** J02 18/09/7:50 18/09A7 00 Oc Express 1800 J16 18/09/8:05 18/09/23:59 BavswaterTIB M0229
        744 words
      • 1940 49 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/B*l«ncc Rstls Ship Voy No Etb/Btr Period From To From ACTUAMA 07N007 20/100 17/800 17/HM 17/800 U 17/1700 N/0654 a/0900 a n/m» wotn a/0900 3 a/o/oo a/189 a/MOO 4 a/1200 M/V459 a/1700 «CX MMUA OMA MHO 17/HM VAN* 17/HM U
        1,940 words
      • 182 49 Sep 23 Japan: Autumnal Equinox Day. Oot 1 China: National Day. Oot 2 Hong Kong: The day following National Day. Oot 3 Germany: The Day of Germany Unity. Korea: National Foundation Day. Oot 0 Hong Kong: Chung Yeung Festival. Oot 0 Canada: Thanksgiving Day. USA: Columbus Day. Oot
        182 words
      • 807 49 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
        807 words
      • 513 49 Carbon 180 Mu 990.7 0.9 6.4 0.00 77 0.0S Sep 14 Density Water Residue Ask Aluminum Sediment Ho above E25 0 0 1 0 0 0 TTT- 380 Am 9072 03 12.5 0.06 32 0.02 tin. 380 Mm 997.3 6.9 16.8 0.17 6S 0.07 »t/W3 ¥/V
        513 words
    • AIR & LAND transport
      • 260 50 Accord will allow both countries' airlines to carry np to 4,800 passengers a week Bloomberg [MANILA] Taiwan and the Philippines are set to agree by next week to restore direct flights between the two countries by early next month, ending a
        Bloomberg  -  260 words
      • 198 50 Reuters [TORONTO] Despite weak US export yields. Northwest Airlines Corp's Northwest Cargo unit is on track for record revenues of about US$9OO million (551.56 billion) in 2000, divisional vice-president and general manager Jim Friedel said. Northwest Cargo recorded US$743 million in 1999 revenues,
        Reuters  -  198 words
      • 253 50 Reuters [NEW DELHI] The Indian government might use safeguards available under World Trade Organisation agreements to ban imports of used cars to protect the domestic industry, a business newspaper reported yesterday. Business Standard quoted India's Director-General of Foreign
        Reuters  -  253 words
      • 701 50 First airplane with new system could be delivered mid-year in 2003, and retrofits could begin in the third or fourth quarter PR Newswire [SEATTLE] US aircraft maker Boeing has announced enhancements to the rudder control system of its popular 737 twin jet
        PR Newswire; REUTERS  -  701 words
      • 1967 50 CITY FU6W ETA FLIGHT ETC ****** *05 LKm 2305 tnm §m »*»7 1405 w«7? 2305 5™ Mnll !Z wnot *05 S***** 2305 "22 2S "£2? 2S Oft *05 1*373 2350 «2??9 two ana a» w w LM6380 2230 SOW 1530 ***** OHO S0229 2230 6Mn«z*M S0003
        1,967 words
      • 447 50 Reuters [IMJINGAK, South Korea] South Korean President Kim Dae-jung yesterday launched work on a road and railway through the Cold War's last frontier, a project with potentially dramatic consequences for warming inter-Korean ties. The two Koreas, who remain technically
        Reuters; AP  -  447 words
  • Page 37 Advertisements
    • 121 37 Intertanko calls on UN to clarify Iraqi port tariffs m pg2 Taipei and Manila poised to resume direct flights next month aßackPg YOUR ONE STOP LOGISTICS CENTRE Warehouse space of various sizes for Rental 14* _-K H L- AgJ SI HSc-_ i'. 'linHftMlH Full warehousing services Spacious floor height 7.5
      121 words

  • Page 38 Advertisements
    • 738 38 IMPORT ~1 NORTH AMERICA Q GULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) GULF KARACHI EXPRESS (OKX) vtssa voir ia pmang vissn vpy PlO NEDUOYD lANDAR ARRAS 11( 13/09 14/09 14/09 24/09 ooa NEW YO«K 07W535 04/09 24/09 26/09 PiO MfDUOYD MELBOURNE 141 10/09 11/09 M/ 09 01/10 OXI w mn vm
      738 words
    • 703 38 Lines services represented by Members of the Registry of Accredited Shipping Agents, nq»h "y Singapore Shipping Association Members of the Singapore logistics Association ULY UNE MALI vessel Tvoy flu Tn* ETA P. KLANG SPORE MALE Empress Lily VOBOO 01/10 03/10 11/10 Princess Uly VO7OO 18/10 20/10 28/10 Empress lily VO9OO
      703 words

  • Page 39 Advertisements
    • 1170 39 SAX SERVICE (DIRECT) VESSa VOYSMEttIAXOMMLHOUCH OX NM Al NK AfIJADI 0231 27/09 12/10 17/10 17/10 17/10 17/10 17/10 17/10 18/10 18/10 APIGAMT 0231 04/10 19/10 ***** MTH> WTIO STuS ***** 24/10 2S/10 2S/10 atisne 023 i n/io STio 31/10 3i7io 3i7io 3i7io oT/Ti oiTil 02/il 02/11 afiiurquoh W7l iS7io *****
      1,170 words
    • 1731 39 ®HANJIN SHIPPING 4lfcMy*LM -S*s *****30 HAMJtW SHIPPING (S) PTE LTD hup tag* com jgi *****35 737 SALB *****74 731 DOCUMENT *****71 774 OfHAIKMIS *****50 751 HUNtM *****55 FAX 53H145 (I HQ **********0 M TO NW USA CANADA USA fAMAPA' i*KMA/vor sa m ooi |ni I oi pw m on mem
      1,731 words
    • 280 39 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220-8558 SitHMCt Ajf tt: iainii!: Marfan Shiaalaa Ma BM Ssfv* fU L,i Tafe *****51 Uaa|(M) *43-7177 7?»7(Fsi| M 3-*****533 "J J*****4/*****1S Paaaka Jerdiae Sklppla« A|ee<lei Ma BM rem iiMifffSLan kH-//... L.t, W P—rWl M-7MO4M (hi| 04-74J414*
      280 words

  • Page 40 Advertisements
    • 1789 40 SENATOR LINES TO UK/CONTINENT TO MEDrTERRANEANCANADA VESSEL VQY LfH HTM ANB HAM 08V FU VESSEL VOT «N BtT S« FOS W.C MTW CHOYANG ALPHA 0013W 1«H 01 10 07 10 01 10 1( 11 11 10 12 It LONOON SfNATOR 094SW 21 00 00 10 I*lo 1210 1410 2110 HANJN
      1,789 words
    • 1102 40 ■LAfl MAC-NELS S PORE M'SIA Carrier: MM CONTV) LINES, INC p. gudang: (07) *****28 I -I\-/ J cw MOc IMinwilM S»U: (084) *****8 MANILA: <632) *****24 PgHAWQ: (04) *****36 BANGKOK: (862) *****57 SURABAYA: (31)*****11 P KEIAWQ: (03) *****77 JKT: (21) *****46 KUOHNG (082) *****1-3 MANILA HO CHI MINH MV "MARCHALLENGER
      1,102 words
    • 746 40 EXPRESS CONTAINER FEEDER FOR N SHEW (CFS MULUNO. MUMBAICOLOMM ALSO ACCEPTING TO ALL NORTHERN ANO WESTERN I .C.D. POINTS Vmml S PORE N SHEVA COLOMBO PKLANC CAPE CANAVERAL V I?9W 24 SEP 03 OCT 17 OCT 13 00 TULSIOAS Vl3l 01 OCT 11 OCT 14 OCT 20 OCT CAPE CREUS
      746 words

  • Page 41 Advertisements
    • 1710 41 I VESSEL VOY KHH HKG SIN I PKI OXB BAB PMM Wt IRAN ISFAHAN PCL-173 19/09 20/09 23/09 24/09 01/10 02/10 04/10 06/10 IRAN BAAKERI PCL-174 26/09 27/09 30/09 01/10 10/10 11/10 13/10 IS/10 IRAN HORMOZGAN PCL-175 03/10 04/10 07/10 08/10 IS/10 16/10 IS/10 20/10 IRAN TEHRAN PCL-176 10/10 11/10
      1,710 words
    • 1211 41 To: YANTAI EVERY SVNDAY "1 jgr 12 tAYS) I YANTIAN EVERY MONDAY I ff/S i 4 DAYS) J I GENERAL AGENTS IN SINGAPORE 80 ROBINSON RD TEL 226 1900 f AX: *****08 OUTWARD (l/l) COSTAR SHIPPING PTE LTD #12-00 SALES/RXGS *****57/43 INWARD DEPT (D/ 0) ***** M COSTAR AGENCIES (M)
      1,211 words
    • 1029 41 f—^^^^ EXPORT IMPORT mkm I vor |sw I ibi Imi am ham wv m vcsa Iwt 1 m mam fu lih sw ctmpiia 01 sw i?/w ot/io oi/io o?/io 10/io 11/io 12/10 hj lonoon o»i si/m 02/0? m/w 07/w 24/w K illlllill P 111 lit am loiTw iyio 10/11 n/n
      1,029 words

  • Page 42 Advertisements
    • 872 42 BUBOMt/Ult/SCAHMMAVIA/HNtANP/RUSSIA SBRVK3S EXTORT vtssa/vor*6i |sgp rdm mm thp zee anwlhv i ALSO ACCEPTING OUTGO TO AND FROM:- FINLAND, DENMARK, SWEDEN, RUSSIA (NORWAY JMEDfTERRANEAN/OLACK SEA/EUROPE SERVKES EXPORT VBSa/VOYAGE |SGP |GU VKN 06 KI RDM RHV TOP ZH uumotn *****01* xft iiumNoou-oowf 01/10 iyioiiyioli;/ioln/io|iMo [ii/ioln/iota/io umMGM M/ia «yiota/io poo I at/>o|K/)o Iwiowwr
      872 words
    • 377 42 ARABIAN PBtSIAN QUlf/MDMM SUB OONTMMT SMVKE BXRORT VESSEL VOYAGE SGP CM! DM JBA AMJ DMN lAH RM NXV JIANG HE 0140* 72/W 03/10 07/10 UNI Mini 0631 031* 2S/W 71/W 04/10 05/10 01/10- UN PATRIOT *****01* 74/W 05/10 04/10 W/10 RING HI 0167* 21/W- 10/10 11/10- 14/10UNIASSHT *****21W 02/1004/10 11/10-
      377 words
    • 715 42 ADVANCE CONTAINER LINES (PTE) LTD AX 1m TEL: *****21. FAX *****19. TELEX :RS ***** ACLPL CR NO. 16&38M0000E FOR BOOKINGS PLEASE CALL: *****22 SALES A MARKETING *****21 28 IAWCKOK JAKARTA (7 VESSa VOY SM HOC VESSa I <OT I W JKT MARM(tW] 20/9 Wed 24/9 Sun SHAR BALAM (UTCI) 064
      715 words
    • 406 42 iM-iUJUMIHUI SO TEL OK BLAMGAH ROM) #02-02 OTPORT CENTRE S PORE *****3 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W ttssa voir eta etc OESTMnm NAOUKWA 3&2000 23AMM 2MS2OOC PALBMAN&PKL BAIAM KAGURI *****1 2K***** 24WZ000 PMBWN&fWTVMM MABUKWA 3&2000 24W2000 *****000 PALEMMN&PKL BALAM KACURI 1&7000 *****000 *****000
      406 words

  • Page 43 Advertisements
    • 451 43 BSfl A. mtm MYANMA pBBk FIVE STAR LINE (Myanmar National Um) Loading for Yongon VESSEL VOY SIN PKI PEN PGU MONG LA 35W SU> DAWII l«W 22/09 MALAYSIA AGENTS: IOUSTUD SHIPPING AGENCIES nut m 03-*****00 PKL HI 03-*****101 PIN: HI 04-*****02 PGU: TU 07-*****21/4 BANK LINE (A strvict Andrew Weir
      451 words
    • 1485 43 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. ivesa VOY Isu sou uh rim ant haw brv [rasa I VOY I sou I La 1 rtmlmwlhanlmvlswl HYMRON 328W 21/09 09/10 14/10 11/10 12/10 NOLRtIS 0171 01/ M 02/09 27/08 29/08 20/09 API OUIE 022W 22/09 13/10 14/10 M/ 10 10/10 DAMJM SSSE
      1,485 words
    • 746 43 vOGv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA 'CAR RORO HEAVYUFT SERVICE" I VESSEL VOY RAMP HEIGHT SIN IK MAO MIA SAV lAL ORE NYC NfW MM TARONGA AHOI9 400 Tom 6JM 25/09 25/10 02/11 05/11 WIT WIT 12/11 U/TT 19/11 TAMO AHO2O 400Tmj 6.3 M 11/10 09/11 17/11 20/11
      746 words

  • Page 44 Advertisements
    • 599 44 iAIWKOWIAF TA PHUT/lAEM CHAAAMO JAKAfrTA^AMJAIIO VQT Ism m MTF lqT~ vtssa vot ji I *T If* mwwiir lift jm wan wvi 4i» 2VM WATHgtHMW-- 413» jm im wIK MY- 'on WW 2MW Ml DZS? OOCI ACCLAIM* MSS 2S/01 21, W —111— m im zzzfi? m?_ iMhT- b« h/m ~ws XETHAIHUM"
      599 words
    • 296 44 INDONESIA NATIONAL LINE TO AUSTRALIA I FULL CONTAINER SERVICE *ri_ w, aw no sm mb w ta m powanaM ms omtt n/oo nmol/10 u/io o»/ioT" miioir ~m n/\t~ 00/10 io/io iyii~ «WMBum as B/10 03/11 U/il IS/IO 17/10 M/1# msjcai w/io 10/11 It/10 n/io ji/io n/io FEEDER SERVICE TO INDONESIA
      296 words
    • 345 44 tasman orient NKW ZEALAND FIJI NOUMEA BHEAKBULK CMWjWI 14 OAVS fBfOOEWCr TASMAN CRUSADER WELLINGTON ON DIRECT CALL TRANSIT 23 DAYS Agents: SINGAPORE MALAYSIA BEN UNE AGENCIES (S) PTE LTD BENDERA SHIPPING AGENCY SON BHD TEL 225 3522 K.L. JOHOR PEN FAX 224 0163 TEL: (03) *****72/3 (07)*****88 (04)*****88 FAX: (03)
      345 words

  • Page 45 Advertisements


  • Page 47 Advertisements
    • 53 47 l|j|} Shantou, Dongshan, STL CONTAINER LINE ZhangZhou For Services To Vietnam Calcutta Turn to Pg 3 Mon/Wed/Fri Pg 6 Worldgate Express Lines STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers Weekly FCL/LCL New Europe To CAC-tmai A YCI A MIDDLE EASTI EAST MALAYSIA ec Aei A service DETAILS Pg 8
      53 words


  • Page 49 Miscellaneous
    • 127 49 S n I *atk'\ LEGEND: Issued by Meteorological Service Singapore K Thunderstorm A Showers Rain emperature wind direction and speed in Knots Cloudy Day Wea,her X Hazv Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds j Slight, < 1 2m -L—One
      127 words