The Business Times, 27 June 2001

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Total Pages: 38
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 SINGAPORE irtemsi. http.-'/business-times.asial .com.sg/ WEDNESDAY, JUNE 27, 2001 85c
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  • Article
    Lock icon MARKET SUMMARY
    79 1 □sn 1,***** (+2.50) BT-SRI mm (+2.50) ST INDEX FUTURES 1,704 (-2.00) SIMSCI FUTURES 20&20 (-1.00) STOCK MARKET INDICES Tuesday Change KLSE COMP 595.24 +481 NIKKEI 225 *****.82 +82.85 HANG SENG 12,961.97 -212.05 SET INDEX 320.76 +0.95 JAKARTA COMP 438.41 +2.65 MANILA COMP _1,423.44 -1.08 TAIPEI WPI 4,785.12 -*****
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  • Article
    Lock icon FINANCE
    87 1 POREX RATES us$ s$ L'SS (SS per I'SS) 1.817 £(l'SS/SS per 1.414 2.570 El'RO(USS/SS/E) 0.865 1.571 DM 2.262 li45 YEN 123 J 67.90 RM 3.800 1091 HKS 7.800 4.292 BAHT 45.18 24.88 Rl'PIAH 11,369 6.256 ».S'$ to 100 units *SS to 100 units PRIME RATES SINGAPORE* 5.80 KlIALAUMPl'R 7.67
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  • Article, Illustration
    Lock icon S'pore's industrial output down sharply by 11% in May
    607 1  -  Worse-than-expected drop could spell technical recession, say economists By Chuang Peck Ming [SINGAPORE] Singapore's industrial production fell more steeply than expected in May, giving another signal that the economy might be headed for a technical recession. Manufacturing output which accounts for
    Source: EDB  -  607 words
  • Article, Illustration
    Lock icon Hong Leong Finance up for sale: sources
    574 1  -  illex elusive Leng Beng's talks with Leng Chan's Hong Leong Bank fall through By Angela Tan [SINGAPORE] Singapore property and hotel tycoon Kwek Leng Beng is looking to sell off Hong Leong Finance and exit the finance business, sources say. Mr Kwek has
    FILE PHOTO  -  574 words
  • Article
    Lock icon EC sales stir hopes for private units
    986 1  -  Euexclusive Bottom may come soon, bnt analysts say pricing and economic conditions still deciding factors By Kalpana Rashiwala, Andrea Tan [SINGAPORE] Record quarterly sales for executive condominiums (ECs) have stirred hopes in some property quarters that sales in the private housing market could
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      63 1 INSIDE Shipping Times Indian Navy sinks wreck of S'poreflagged tanker. Pg 1 Two charged following Malacca Straits collision. Pg 1 Two ships hijacked, master taken hostage. Pg 1 Top Stories Expect Fed to continue cutting rates: ÜBS Warburg economist. Next Page Third-party telecoms finance an emerging trend. Pg 17 Executive
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      51 1 Match-maker helping GK Goh to find merger partner "Pg 3 OUB and DBS head for publicity battle Pg 3 Hock Lock Siew: UOB more likely to bid for KepCap ■Pg 3 Sweeter offer for OUB possible: Dhana Next Page n'; mf; V f!;if, ,ii I fx. W J iif/t yr-.Hv
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      43 1 Chartered to close a wafer fab for 2 weeks, Next Page Tibs, SMRT evade queries oil talks of nuptials r.ij'i- i Motoring The most technologically advanced BMW 60 BMWs koiiik at «i special price Page 22 VSVKV rhc i" .1.1 I v \l>W
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  • NEXT page
    • Article, Illustration
      Lock icon Chartered to close a wafer fab for 2 weeks
      678 2  -  Bill exclusive Company declines to comment; situation said to have worsened since recent profit warning Teh Hooi Ling [SINGAPORE] Chartered Semiconductor will shut one of its three wafer fabs for two weeks as orders continue to dry up. Industry sources say
      FILE PHOTO  -  678 words
    • Article
      Lock icon US may be headed for near zero real rates
      585 2  -  Economist expects Fed to continue cutting rates By\ Vikram Khanna [SINGAPORE] The US Federal Reserve, which is likely to cut interest rates by 50 basis points at its meeting today, could keep cutting until real rates (that is, nominal interest rate
      585 words
    • Article, Illustration
      Lock icon Sweeter offer for OUB possible: Dhana
      720 2  -  If that persuades OUB shareholders to accept takeover deal By\ Siow Li Sen [SINGAPORE] DBS Group Holdings chairman S Dhanabalan has raised the possibility that the bank may better its bid for Overseas Union Bank (OUB) if that would persuade shareholders of the smaller
      FILE PHOTO  -  720 words
    • ON THE grapevine
      • Article
        Lock icon G-string distraction
        51 2 WE wonder how many viewers saw the TV advertisement for a panty liner and can recall the brand name of the product. One BT reader who saw the ad or rather the model in the G-string putting on her pants said it would be one way to raise
        51 words
      • Article
        Lock icon Banking on poorer service
        55 2 LAST weekend, BT ran an online poll asking readers whether the consolidation of Singapore's banking scene is good for consumers. Here's what readers who responded thought: Yes, economies of scale will mean better terms 15% No, it'll mean fewer branches and longer queues 61% We'll have
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  • SINGAPORE companies
    • Article
      Lock icon OUB and DBS head for publicity battle
      424 3  -  MERGER BUZZ Target bank appoints PR group that's an old hand in takeovers By Siow Li Sen OVERSEAS Union Bank (OUB) has hired Golin/Harris Forrest, a public relations firm experienced in takeovers, to help correct any perception that DBS Group's unsolicited bid for
      424 words
    • Article
      Lock icon UOB more likely to bid for Keppel Capital
      643 3  -  rrm loc^sie^^ conrad raj IN a day or two, United Overseas Bank chairman Wee Cho Yaw is expected to make his move and announce a bid for Keppei Capital Holdings or so the current market talk goes. Mr Wee is likely to
      643 words
    • Article, Illustration
      Lock icon Match-maker helping GK Goh to find merger partner
      743 3  -  Several brokers have been approached including DBS-Vickers By Serena Ng, Ven Sreenivasan LISTED stockbroker GK Goh Holdings has approached DBS-Vickers and several other broking houses in its search for a marriage partner. Sources close to the companies say GK Goh appointed an
      743 words
    • COMPANY Briefs
      • Article
        Lock icon IDT Holdings' profit down 8%
        48 4 MAINBOARD-LISTED IDT Holdings (Singapore) Ltd yesterday posted full-year net profit of $40.4 million, down 8 per cent. Turnover rose 11 per cent to $215.1 million. Earnings per share were 23 cents. Net tangible assets per share rose 20 per cent to 69.4 cents.
        48 words
      • Article
        Lock icon Eng Wah posts flat earnings
        64 4 CINEMA operator Eng Wah Organisation yesterday posted flat full-year profit of $1.8 million for the year ended March. Turnover slipped slightly by 2 per cent to $19.9 million. Earnings per share were 1.21 cents while net tangible asset per share rose slightly to 29.38 cents
        64 words
      • Article
        Lock icon I-Comm Tech profit slides 68%
        46 4 I-COMM Technology Limited yesterday announced a 68 per cent slide in net profit to US$4.l million. Turnover fell 19 per cent to U*****.8 million. Earnings per share were 1.34 US cents while net tangible assets per share were 13.38 US cents.
        46 words
      • Article
        Lock icon Hiap Seng Engg gain jumps 30%
        90 4 SESDAQ-LISTED Hiap Seng Engineering yesterday said net profit for the year ended March rose 30 per cent to $5.8 million on the back of a 30 per cent rise in turnover to $104.2 million, due mainly to more projects in the year. Earnings per
        90 words
      • Article
        Lock icon Compact Metal to place oat 20m shares
        55 4 COMPACT Metal Industries said yesterday it would place out 20 million new shares at $0.18 each, representing around 10 per cent of its present share capital. Net proceeds of around $3.6 million will be used as working capital. The placement is conditional upon
        55 words
      • Article
        Lock icon King Wan profit slips 8%
        56 4 KING Wan Corporation said full-year net profit slipped 8 per cent to $3.9 million, while revenue rose 3 per cent to $61.2 million. Earnings per share was 2.5 cents while net tangible assets rose to 15.2 cents from 10 cents. It also proposed a final
        56 words
      • Article
        Lock icon CapitaLand in Shanghai land deal
        44 4 CAPITALAND has teamed up with Reco Mega, a subsidiary of Singapore GIC Real Estate to buy a 28,000 square metre residential site in Shanghai's Xuhui district for 540 million renminbi (Ssl 18 million). The site can yield 850 apartments.
        44 words
      • Article
        Lock icon Allcom Tech gets SGX listing nod
        42 4 SINGAPORE-BASED Allcom Technologies has received in-principle approval to list on the mainboard of the Singapore Exchange. The company provides service for personal computers, telecommunications, industrial and consumer electronics businesses, and distributes electronics components in South Asia.
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      • Article
        Lock icon Chuan Hup unit ties up with US firm
        53 4 MARINE group Chuan Hup Holdings said yesterday its marine subsidiary, CH Offshore Pte Ltd, has signed a joint venture agreement with US-based Trico Marine Services, Inc. The venture will help Chuan Hup grow its core marine business and tap the broader international
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    • Article
      Lock icon Tibs, SMRT evade queries on talk of nuptials
      456 4  -  Tibs' share may slide if wedding fails to materialise By Christopher Tan LIKE a courting couple deflecting anxious questions about the eventuality of their big day, Tibs Holdings and SMRT Corp evaded press queries with great coyness yesterday. In fact, neither would
      456 words
    • Article
      Lock icon CSA preparing for big 10-20% revenue drop
      510 4  -  New business will be hit, but existing projects will be buffer Ky Ven Sreenivasan INFORMATION systems specialist CSA Holdings is bracing itself for a 10-20 per cent drop in revenue this year amid sharp cutbacks in IT spending across the region. It expects
      510 words
    • Article
      Lock icon Optus to write off A$68m one.Tel owes
      132 4 Reuters [SYDNEY] Australia's second largest telco Cable Wireless Optus Ltd said yesterday it would write off almost As7o million (Ss66 million) owed by failed junior carrier One.Tel Ltd. C&W Optus copfirmed it was owed US$6B.3 million by the Murdoch-Packer backed telecommunications company which
      Reuters  -  132 words
    • Article
      Lock icon Tianjin seeks suspension pending announcement
      288 4  -  Ling Su Ann MAINBOARD counter Tianjin Zhong Xin Pharmaceutical Group will be suspended today pending an announcement. Tianjin directors filed a request for a trading suspension with the Singapore Exchange (SGX) yesterday evening, but did not say why. In the market, Tianjin shares plunged another
      288 words
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      195 3 There's something different about our Business Solutions Advisers. I We're the first to listen I'* S the t0 ,isten rea y sets our Advisers apart. savings can be considerable. And with Star Hub's 100% fibre-optic network linked to I IBy analysing your business and understanding exactly how virtually every CBD
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      179 4 27 June 2001 m WILLAS-ARRAY WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED (Incorporated in Bermuda on 3 August 2000) Invitation in respect of 53,500,000 new ordinary shares of HK$O.2O each comprising:(1) 3,000,000 Offer Shares at 550.28 for each Offer Share by way of public offer; and (2) 50,500,000 Placement Shares by way of
      179 words
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      957 4 jt- AMERICAN EAGLE TANKERS INC. LIMITED (Incorporated in Bermuda on January 13, 1994) PREFERENTIAL OFFERING OF COMMON SHARES IN THE FORM OF SINGAPORE DEPOSITARY RECEIPTS ("SDRs") TO ELIGIBLE SHAREHOLDERS ("ELIGIBLE NOL SHAREHOLDERS") OF NEPTUNE ORIENT LINES LIMITED ("NOL") Eligible NOL Shareholders who wish to participate in the Preferential Offering must
      957 words
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      336 5 MM f Vji a -Ih^KHIHNP «L <j£>^'. <MB!^CBBEflßg&SCj^.^ <4My|i w> A J. 5 v 1 iiirutoii > sw W 7^ J?* It **Jsfm,*v w -*R«r iA JC\ i ,«jt v o%* A i Jlr 'iii JKfr'wtet: 1 JBsk Our world is changing rapidly and life gets faster by the day.
      336 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Unlocking value'remains market's dominant theme
      619 6  -  STOCKS r. sivanithy UNLOCKING value via takeovers, mergers or restructuring has been the dominant theme in the local stock market for so long now that one would have thought it might be wearing a bit thin. And although this was the case to some extent
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    • Article, Illustration
      Lock icon Untitled
      566 6 Theoretical values before Dec 31, '98 Stocks Volume UniFood HK25c 24,987,000 Tianjin Zhong 23,959,000 Beyontcs 10c 22,957,000 °UB 1 19,238,000 AirOcean 5c 17,294,000 OngAsialOc 15,490,000 Omni Ind 10c 14,031,000 K1 Ventures 10c 13,947,000 Frontline 5c 12,355,000 5c 11,237,000 Stocks OUB 176,602.278 DBSGrp 128,205.981 Omni Ind 10c 53,307,100 UOB 46,896,098 Keppel
      566 words
    • Article, Illustration
      Lock icon A US dollar turnaround or a buying opportunity?
      601 6  -  I=ll comment CURRENCIES What is clear though is that too much weighs against the yen despite its recent corrective strength larry wee CURRENCY markets have lightened up on US dollar positions ahead of another expected cut in US interest rates this week.
      Source: Reuters  -  601 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    3298 6 UNIT TRUSTS FUNDS Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNC Fd 0.744 0.782 Global Technology Fd!** 0.635 0.668 UK Blue Chip Fd!** 0.753 0.792 American Opport Fd 0.839 0.882 ContEuroEqty Fd!** 1.012 1.063 Japan EqtyFd!** 1 203 1 264 Asian Fixed Income Fd 1.114 1.149 Pacific Equity
    3,298 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon URA puts up white site, hotel site for sale
      377 7  -  PROPERTY FOCUS Bids totalling $346 m seen for sites at Marina Sonth and North Bridge Rd By Andrea Tan THE Urban Redevelopment Authority (URA) yesterday launched a "white site" at the Marina South new downtown and a hotel site at North
      377 words
    • Article
      Lock icon Commodities law changes take effect
      188 7 THE Singapore Trade Development Board (TDB) yesterday announced that recent amendments to the Commodity Futures Act aimed at eradicating "bucket shop" operators will be effective from today. Parliament passed a bill in May to amend the Act in three areas: The scope of the Act
      188 words
    • Article, Illustration
      Lock icon S'pore expensive for US expats
      267 7  -  the economy cost of living %l Chuang Peck Ming SINGAPORE is hitting the pockets of American expatriates almost as hard as New York. The cost of living for American executives working and living here is only just 4 per cent 3.7 per cent to be
      Source: Runzheimer International  -  267 words
    • Article, Illustration
      Lock icon URA allows more space for balconies
      421 7  -  PM Goh unveils change aimed at wider adoption of highrise greenery Byy Vince Chong THE Urban Redevelopment Authority (URA) will allow private developers to build additional space over the permitted maximum development intensity so that developers could provide for balconies. This was announced by
      RICHARD CHNG  -  421 words
    • Article
      Lock icon Lilly to set up R&D centre here
      165 9 US-BASED pharmaceuticals firm Eli Lilly and Company yesterday said it would establish a systems biology R&D centre in Singapore. The Lilly Centre for Systems Biology, or CSB, will start operations next year and is expected to spend US$l4O million on research over a
      165 words
    • Article
      Lock icon GIC one of the most astute investors in Asian bonds: poll
      502 9  -  GICs Tung Siew Hoong joint leader with 2 others in individual category Hy\ Ling Su Ann THE Government of Singapore Investment Corporation (GIC) is one of the most astute investors in Asian bonds, according to a poll of sellside
      502 words
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      621 7 C 2« 09 n roly on. A Bl |f|B $i^E H I Whatever industry chances pi for scalable jy and ava lab,e systems that could keep f pace with growth in business volumes PM^^^Kpipi^ without effecting a corresponding gimV- H investment in systems. Here at Sun, Mfefc hH HP m
      621 words
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      3233 8 NOTICE OF MEETING OF NOTEHOLDERS OF NOTES ISSUED UNDER THE *****,000,000 SECURED MEDIUM TERM NOTE PROGRAMME OF JUNCTION 8 LIMITED (1) SERIES JB-OUB-003 5541,000,000 2.625 PER CENT. NOTES DUE 2001 (2) SERIES JB-CB-005 5512,000,000 2.65 PER CENT. NOTES DUE 2001 (3) SERIES JB-CB-006 5510,000,000 2.625 PER CENT. NOTES DUE 2001
      3,233 words
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  • MAIL bag
    • Article
      Lock icon Why nine-minute gap in suspension of DBS, OUB?
      515 9  -  Philip Toh Kee Poon Singapore I REFER to the various articles in BT about DBS' conditional offer to buy OUB. While the commercial and strategic merits of the takeover are best left to those better placed to assess the matter. I would
      515 words
    • Article
      Lock icon Couldn't DBS wait till market closed?
      176 9  -  Denis Distant Singapore I REFER to your article "Speed of bid surprises OUB" (BT, June 23) which mentions that DBS shares were suspended at 4.41pm but OUB at 4.50pm on June 22, just 25 minutes before the market close. Could SGX (Singapore Exchange) comment
      176 words
    • Article
      Lock icon SingTel activates IDD connection swiftly
      98 9  -  Foo Kim Leng I REFER to the item "Cut out the hassle, Sing Tel" in your Grapevine column of June 23. When customers apply for new telephone lines, Sing Tel gives them the option of whether or not they want international call services such as
      98 words
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      69 9 We welcome letters. E-mail us at btletter®sph. com. sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim 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
      69 words
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      88 9 o Now, you have... FUJITSU Servers. You already know and trust Fujitsu for their scanners, MOs, hard disks and notebooks... now it's time to discover Fujitsu PRIMERGY Servers. If you're operating on the forefront of technology using the Internet as a daily business tool look no further. We offer the
      88 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Bush, being put to the test on free trade
      697 10  -  Bi;l=4 I bottom line OPINION leon hadar The writer is BT's Washington correspondent WHILE the Bush administration seems opposed to pursuing multilateral arrangements in the mili-tary-strategic arena including the Anti-Ballistic Missile (ABM) Treaty, members of his team have continued to express
      697 words
    • Article
      Lock icon IN OTHER WORDS
      85 10 4 lf, as expected, the court delivers the verdict after July the most unlucky month for the prime minister I am more than 90 per cent sure he will survive.' Snrhart Batawatawafciil one of four astrologers consulted on the outcome of the assets case against Thai Prime
      85 words
    • Article
      Lock icon Koizumi-mania alone won't swing it
      610 10 EDITORIAL THE "Koizumi phenomenon" in Japan becomes "curiouser and curiouser", to use Lewis Carroll's immortal phrase. Indeed, there's been something Alice in Wonderland-like about the nation's political situation since Junichiro Koizumi assumed the premiership two months ago. Weekend elections to the Tokyo Metropolitan Assembly showed
      610 words
    • Article, Illustration
      Lock icon Thailand turns inward to get the economy going
      1300 10  -  Bnt some analysts worry that if economic nationalism is pushed too far, it could mutate into xenophobia By Mark Landler NYT [BANGKOK] Nearly four years after it devalued its currency, unleashing an economic typhoon across Asia, Thailand is still reeling. An unmistakable
      NYT; AP  -  1,300 words
    • Article
      Lock icon Moving and shaking behind the scenes
      848 10  -  COMMENT ART Fed economist Kohn is known to be far more than jnst a number-cruncher By Richard W Stevenson NYT [WASHINGTON] When the US Federal Reserve finishes a two-day meeting today and announces to an anxiously waiting world whether it is cutting interest rates
      NYT  -  848 words
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  • BIZ woman
    • Article, Illustration
      Lock icon NZ rocked by row over short skirts
      610 11 Woman may rule in New Zealand, but sexy earrings are still a political poser AFP A COURT case involving top civil servants yesterday rocked New Zealand, a supposed model of feminist achievement, exposing a row over short skirts, visible breasts and sexy earrings.
      AFP; PHOTOS BY REUTERS  -  610 words
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      122 11 iSince 1975 our worldwide staff of over 275 multi-disciplined professionals .fjfe H including lawyers chartered accountants. Iff i V chartered secretaries and bankers have j k v provided confidential and cost effective company formation in all the maior low tax areas including Incorporation Fees f r om USSSOO The world's
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      561 11 IS! Iprf^' *Wmß^ES^^^^^M £r' w H t.. t v YriLi? m#«^ -«ir ••»i' a f tTj; y.!' j fWlß^rߣt J SjM^^^^^^B v-lr gw i JT. "g-l^-y^^^^vV-g; r l jw V v^^B-"' 1 v fcj z^'w:< IA t\!3KiD^^> >v f?R^^TihfT'"iWir' J .1 i :il* 3 SMI li- .„i *id XSSyF^vI Zk®z3H^^Ev
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  • Page 11 Miscellaneous
    • Miscellaneous
      Lock icon Page 11 Miscellaneous Column 1
      320 11 CRYPTIC CROSSWORD i [2 p R Hp I |6 I p I IT" E? 53t ACROSS discussion (6, 4) 1 Even-tempered English follow- 4 Marbles champion of Scotland 9 ing bishop in uniform (7) (5) 5 Unhappy relation without a sup- 5 Element seldom encountered ply of vitamin A (7)
      320 words
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  • BT golf
    • Article, Illustration
      Lock icon Passionate about golf
      1070 12  -  The recently-concluded Singapore Junior Open organised by the First Junior Golf Foundation attracted more than 130 young golfers aged from nine to 20 years, low tit lemo talks to two of them LOW YIT LENG Deryne Sim, 16 years DERYNE Sim is certainly a rare sight on
      1,070 words
    • Article, Illustration
      Lock icon PRO TIPS
      133 12 This week, teaching and touring professional Unho Park focuses on: ALIGNMENT The most common error of new golfers is unquestionably aiming in the wrong direction. The orthodox address position is known as a "square stance" (left). This means you stand parallel to the direction of the shot. In
      PHOTOS BY RICHARD CHNG  -  133 words
    • Article, Illustration
      Lock icon Teenage Korean golfer on the road to bigger things
      497 12  -  Ryu Jeong Yeol is a golfing student from heaven, says his coach, Gary Doolan Hyi Geoffrey Eu RYU Jeong Yeol picked up his first golf club in late-1997, when as a 12-year-old he tagged along with his golfkeen father to the
      GEOFFREY EU  -  497 words
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  • REGIONAL news
    • Article, Illustration
      Lock icon Lim Goh Tong ready to play Genting trump cards
      437 13  -  exclusive Casino can be repositioned in case of PAS polls win; floating casinos an alternative From Eddie Toh in Kuala Lumpur MALAYSIAN casino king Lim Goh Tong is ready to play his trump cards should the Islamic opposition party move to
      437 words
    • Article
      Lock icon Elite's Islamic bonds plan faces delay
      245 13 KUALA LUMPUR Main investor now says it won't bny any of the RMl.B6b bonds Bloomberg UNITED Engineers Malaysia Bhd's plan for its Elite toll road unit to sell RM1.86 billion (*****.1 million) of Islamic bonds faces a delay after the manager of the nation's
      Bloomberg  -  245 words
    • Article
      Lock icon IMF backs call for Jakarta to stall central bank debate
      335 13 ■JAKARTA Reuters THE IMF said yesterday it would resume a vital US$5 billion loan programme with Indonesia if the government agreed to delay a debate on controversial central bank law revisions. Renewed ties would be a big plus for President
      Reuters  -  335 words
    • Article
      Lock icon Estrada calls for calm ahead of arraignment
      285 13 MANILA Reuters FORMER Philippine president Joseph Estrada yesterday appealed to his supporters to avoid acts of violence as police tightened security in the capital ahead of his arraignment today. "I strongly appeal to our people and my supporters to exercise sobriety and calm
      Reuters  -  285 words
    • Article
      Lock icon SC mum on enforcing new delisting rule
      437 13  -  Prom Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S securities commission yesterday declined to say whether it would proceed with delisting companies with negative shareholders' funds, even as it pushed for greater corporate governance in the country through the education of investors and company
      437 words
    • Article
      Lock icon Thai Parliament approves bank bailout agency
      483 15 BANGKOK Senate nod needed for bill but is seen as formality Reuters THAILAND'S Parliament approved a special executive bill yesterday, setting up a state agency which will buy billions of dollars of bad loans from the country's beleaguered banking system. The bill still needs
      Reuters  -  483 words
    • Article
      Lock icon Al Fayed seeks buyers for Thai oil interests
      587 15 BANGKOK But few takers for stakes in 4 offshore exploration blocks Reuters HARRODS boss Mohamed al Fayed wants to sell a majority stake in his extensive oil and gas prospecting interests in Thailand on which he has spent US$43 million, a company
      Reuters  -  587 words
    • Article
      Lock icon Thaksin unveils record budget deficit
      325 15 BANGKOK Reuters THAI Prime Minister Thaksin Shinawatra yesterday presented Parliament with the country's next Budget which includes a record deficit designed to stimulate an economy hurt by slowing exports. Mr Thaksin told members of the House of Representatives at the start of an expected two-day
      Reuters  -  325 words
    • Article
      Lock icon HK IPO proceeds down 80% in H1
      524 16  -  New listings raise just HKslsb; PwC warns of stiffer competition from mainland exchanges From Audrey Tan in Hong Kong IT has been a dismal year so far for the IPO market in Hong Kong, with new listings raising just HK$l5 billion (553.5 billion)
      524 words
    • Article
      Lock icon China's H1 GDP growth to hit 8%
      442 16 BEIJING Infrastructure projects, consumer spending help defy global slowdown Reuters IN a sign that China is defying the global economic slowdown, the government has forecast gross domestic product will grow near or at 8 per cent in the first half of this year,
      Reuters  -  442 words
    • Article
      Lock icon Japan urged to raise profile in East Asia
      284 16  -  From Anthony Rowley in Tok-yo A LEADING Taiwan parliamentary official yesterday urged Japan to take a more active political role in East Asia, including stepped-up efforts to mediate cross-straits problems between Taiwan and China. "Japan has the power to become a leading
      284 words
    • Article
      Lock icon Sina.com row with CEO deepens as portal fires him
      496 16 BEIJING Reuters AN acrimonious corporate struggle between leading Chinese Internet portal Sina.com and its founding CEO Wang Zhidong deepened yesterday when the company declared that Mr Wang had been terminated from all his positions. On Monday, Mr Wang told a news
      Reuters  -  496 words
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      173 13 Whoever said proposals have to be made over foie gras? Many business deals have been sealed over the tables of Hua Ting. And many affairs of the heart. Some of our "guests swear that H it's the fine traditional E| HUA TING Cantonese cuisine Restaurant tT presented by our Master
      173 words
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      1466 14 CoMM I-COMM TECHNOLOGY LIMITED (Incorporated in Bermuda with limited liability) l-COMM TECHNOLOGY LIMITED is an holding company whose subsidiaries are engaged in the design, development, manufacture and marketing of consumer telecommunication products. GROUP FINANCIAL HIGHLIGHTS 2001 2000 Turnover (USs'm) 125.8 154.9 Profit before income tax (USS'm) 4.4 15.9 Profit attributable
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      1099 14 for IDT HOLDINGS (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore with limited liability) IDT HOLDINGS (SINGAPORE) LIMITED is an holding company whose subsidiaries are engaged in the design, engineering, manufacture and marketing of consumer electronic products which principally feature LCD and microprocessor applications. GROUP FINANCIAL HIGHLIGHTS 2001 2000 Turnover
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  • Page 15 Advertisements
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      2013 15 KIM ENG KIM ENG HOLDINGS LIMITED HOLDINGS (Incorporated in the Republic of Singapore) ANNOUNCEMENT PRE CONDITIONAL V0LUNT4RV TAKEOVER OFFER 8* REZAN PTE LTD FOR AU. THE ISSUED ORDINARY SHARES IN THE CAPITAL OF ONG ASIA LIMITED rrr: tz z roZ -r EZttEESEl" COn,r S agreed ,0 acqu,re any 009 AS,a
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  • FINANCE
    • Article
      Lock icon STI futures marginally down
      273 16  -  SGX Derivatives fading Report ST Index/MSCIS'pore Index Daniel Wong Refco Singapore SINGAPORE'S key index edged up yesterday with strong volumes, led by DBS Group Holdings. The Straits Times Index rose 2.5 points, or 0.15 per cent, to close at 1,710.07, as 18 counters rose, 20 fell
      273 words
    • Article
      Lock icon Pressure on stocks hits futures
      225 16  -  MS& Taiwan Index Daniel Wong Refco Singapore Pte Ltd TAIWAN stocks fell to its lowest level this year yesterday. The MSCI Taiwan Stock Index lost 5.41 points, or 2.39 per cent, to end at 221.36 points. The turnover for the index was 484.47 million, with
      225 words
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      Lock icon CURRENCY REPORT
      233 16 Reuters London THE US dollar clawed back some ground after hitting one-week lows against the euro and the yen earlier yesterday, with markets unclear how to interpret an anticipated US rate cut later this week. Markets are divided on whether to expect a quarter or half-point cut in
      Reuters  -  233 words
    • Article, Illustration
      Lock icon Untitled
      1253 16 DTTERBAME CROSS RATES a c$ Nt Ew ffr D« Mb to$Uk Y«i Won 8MMZSNfctsN<o SS Band Sfr WT$ Bafat Pomi USS Australia 0.7V) OM 0.601 3.944 1.176 4.055 24.446 59.099 0.641 6.751 1975 1247 33.075 27J80 0.945 4.166 0.915 17.993 ***** 0.368 0.520 2M 5 468 0.762 4.999 1490 5.139
      1,253 words
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  • e-NEWS
    • Article
      Lock icon Philips to stop making cell phones
      464 17 AMSTERDAM It'll therefore close mobile phone R&D unit in Singapore next month Bloomberg ROYAL Philips Electronics NV, Europe's biggest maker of consumer electronics, says it will scale down its role in the mobile phone business and cut jobs as it seeks to maintain profitability.
      Bloomberg  -  464 words
    • Article, Illustration
      Lock icon Third-party telecoms finance an emerging trend
      467 17  -  i exclusive Banker sees investors pooling money to build telecoms networks By' Teh Hooi Ling WITH telcos running out of cash and network vendors suffering credit downgrades, third-party financing could emerge as a major trend in the telecoms market. Rob Drake, director of project
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    • Article
      Lock icon US chip body sees recovery by end-Q3
      276 17 KUALA LUMPUR Bloomberg THE global chip industry is expected to recover from the current slowdown by the end of the third quarter this year, Roger Mathus, executive director of the Semiconductor Industry Association (SIA) said yesterday. Chipmakers face a drop in demand for
      Bloomberg  -  276 words
    • Article
      Lock icon CyberWorks blamed for network delay
      561 17 HONGKONG Rival Hutchison is late in providing promised connections Bloomberg HUTCHISON Global Crossing Ltd, Hong Kong's secondlargest telecommunications company, is more than six months behind schedule in providing the fixed-line network it promised the government in 1999. Although the company invested more than HK$4 billion
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    Lock icon COMMODITIES
    1866 17 S1C0M FUTURES Jun26 RUBBER (futures closing as «t 5.30pw) RSS1 CONTRACTS cents/kg) Close Vcrtwne Open Wwth HI9H low Sett (twwg Interest Jul 01 114.50 Aug 01 113.00 Sep 01 IM.00 250 Oct/Dec 01 115.75 RSS 3 CONTRACT (US cents/kg) Volume Open Won h High Low Sett (tonnes) Interest M
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  • WORLD news
    • Article
      Lock icon US consumer confidence rises
      542 18 WASHINGTON Conference Board's Jnne index highest in 6 months; May durable goods orders np an unexpected 2.9% Bloomberg AMERICANS' confidence in the US economy rose in June, the second straight increase, to the highest level in six months, suggesting that consumer spending will keep the record
      Bloomberg  -  542 words
    • Article
      Lock icon Wall St's losses are business schools' gains
      452 18 NEW YORK With markets down, many are taking a break to stndy Bloomberg INVESTMENT banker Sean Lamb spotted opportunity when business fell on Wall Street. In April he left his job at TD Securities and enrolled in Stanford University's business school. "With the
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    • Article
      Lock icon Fund managers in Britain highest paid: survey
      277 18 LONDON Women paid less than men, gap widest in Singapore Reuters THE weather may be bad and the food unspectacular, but if you are a fund manager, the most lucrative place to work is the UK. according to research published on Monday. But
      Reuters  -  277 words
    • Article
      Lock icon Cohen says Dow, S&P 'modestly undervalued'
      243 18 NEW YORK US economy much slower bat she does not expect recession Bloomberg GOLDMAN. Sachs Co's Abby Joseph Cohen said the Standard Poor's 500 Index and Dow Jones Industrial Average are "modestly undervalued", even though corporate profits have declined in a slowing economy. "The
      Bloomberg  -  243 words
    • Article
      Lock icon Merrill slashes Q2 earnings forecast
      241 18 NEW YORK Reuters MERRILL Lynch Co. the No 1 US broker, yesterday warned that its second-quar-ter earnings per share would come in as much as 37 per cent below analysts' expectations due to weak stock and debt trading operations. Merrill said results would be hurt
      Reuters  -  241 words
    • WORLD Watch
      • Article
        Lock icon International Paper to lay off 3,000 staff
        83 18 Dow Jones Wires [NEW YORK] International Paper Co, facing a weak market for paper and forest products, said it is laying off 3,000 of its non-manufacturing employees to cut costs. While the layoffs affect about three per cent of the company's 113.000-strong work
        Dow Jones Wires  -  83 words
      • Article
        Lock icon Spanish bank closing 1.000 branches
        84 18 Bloomberg [MADRID] Banco Santander Central Hispano SA, Spain's biggest bank, will close one-fifth of its Spanish branches, sell real estate and force senior executives to retire as it aims to cut costs to maintain profit growth of more than 20 per cent. The bank will
        Bloomberg  -  84 words
      • Article
        Lock icon US$20.3b added to US mutual funds
        95 18 Bloomberg [BOSTON] US investors added US$2O.3 billion into stock and bond mutual funds in May, up from US$l9.B billion in April, research firm Financial Research Corp estimates. Investors put US$l7.4 billion into US domestic stock funds, while yanking U552.56 billion out of international ones,
        Bloomberg  -  95 words
      • Article
        Lock icon SooGen to cut stock trading jobs
        67 18 Bloomberg w* [LONDON] Societe Generale SA, France's No 3 bank, plans to cut jobs in its stock trading and research businesses and is shutting most of its emerging markets unit to trim costs as profit declines. Paris-based SocGen is "closing emerging markets full stop"
        Bloomberg  -  67 words
      • Article
        Lock icon British growth picks up slightly
        82 18 AFP fLONDON] The British economy showed few ill-effects from the US slowdown in the first quarter of2ool, when growth actually picked up slightly to an annual 2.7 per cent, according to final figures released yesterday. Gross domestic product grew by 0.5 per cent in the
        AFP  -  82 words
      • Article
        Lock icon St George Bank eyes BankWest
        103 18 Bloomberg {SYDNEY] St George Bank Ltd, Australia's fifth-largest lender, said it's in "preliminary" talks with Bank of Western Australia Ltd. A takeover of Bank West, which is 56 per cent owned by Bank of Scotland, would give St George scale in a market dominated by
        Bloomberg  -  103 words
    • Article, Illustration
      Lock icon Buffett-controlled USG files for bankruptcy protection
      648 19 NEW YORK Berkshire Hathaway unit hit by flood of lawsuits from people suffering from asbestos-related diseases Bloomberg, Dow Jones Newswires WARREN Buffett, the billionaire chairman of Berkshire Hathaway Inc, says his investing mistakes have included textiles and windmills. Add USG's Sheetrock to the list.
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    • Article
      Lock icon Eyes on BOJ as Koizumi's plans spark fears
      710 20  -  Farther monetary easing at Policy Board meeting seen critical Fronil f Anthony Rowley in Tokyo THE Bank of Japan's Policy Board is scheduled to begin a two-day meeting tomorrow that many see as critical in deciding how far the central bank is
      710 words
    • Article
      Lock icon World Bank starts Internet conference, to thwart protesters
      314 20 WASHINGTON Bloomberg THE World Bank has started an Internet conference on the opportunities and perils of global economic integration, after cancelling a planned meeting in Barcelona on the topic because of the threat of violence. On its website on Monday the World
      Bloomberg  -  314 words
    • Article, Illustration
      Lock icon Barrick in US$2.3b takeover of Homestake
      528 20 TORONTO Barrick will become world's 2nd-largest gold producer Reuters. Bloomberg BARRICK Gold Corp, a relative newcomer to the tightknit world of gold miners, became the world's second-larg-est producer behind South Africa's Anglo Gold Ltd on Monday, taking over established rival Homestake Mining Co. The
      Reuters.; Bloomberg; AP  -  528 words
    • Article
      Lock icon Argentina's peso plan may hurt confidence, says IMF
      295 20 WASHINGTON Bloomberg ARGENTINA'S move to create a new exchange rate for trade may undermine confi dence in the government's economic policy making, the International Monetary Fund's No 2 official warned. IMF deputy managing director Stanley Fischer also prodded Argentine authorities to hasten
      Bloomberg  -  295 words
  • Article
    Lock icon STOCKS asia
    7653 18 HONG KONG Vol Jun26 HK$ (OOP) AcrossAsia Multimedia 1.95 -0.05 ***** Alpha General 0.05 unch ***** Amoy Prop 8.80 -0.25 2324 Ananda Wing On 0.15 unch ***** Angang New Steel H 1.48 -0.05 ***** Anhoi Conch H .2.38 0.03 9140 Anhui Expressway H 1.72 -0.02 5728 Arcontech Corp.
    7,653 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      258 18 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 ***** IN THE MATTER OF THE C OMPANIES ACT. CHAPTER 50 EC INVESTMENT PTE LTD MEMBERS'VOLUNTARY LIQUIDATION Al an httraordinary General Meeting of the Company held on the 14th day of June 21)01. the following special resolution was duly pas
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      Lock icon Page 18 Advertisements Column 2
      138 18 Hock Kee Realty Re Ltd (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 308 OF THE COMPANIES ACT CAP. 50 THAT A FINAL GENERAL MEETMG OF THE COMPANY WILL BE HELD ON THE 27TH DAY OF JULY 2001 AT 10 A.M. AT 5 J ALAN BESAR *05-01, SINGAPORE
      138 words
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      Lock icon Page 18 Advertisements Column 3
      87 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF INTERNATIONAL COMPUTER ENGINEERS (SINGAPORE) PTE LTD (IN LIQUIDATION) NOTICE OF MEMBERS VOLUNTARY LIQUIDATION NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of the abovenamed company held on 18 June 2001 it was resolved that
      87 words
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  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      279 19 Where to wine, dine and entertain..."™- Bom in the USA! American independence Day Food Festival, 29 June 14 July Treat your family and friends to a sumptuous Yankee feast at the Marriott and you could be one of the lucky draw winners of a pair of air tickets to San
      279 words
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      Lock icon Page 19 Advertisements Column 2
      184 19 Traditionally enjoyed only by a select few. you need not be wealthy to savour the rich taste of abalone during our June promotion for lunch and dinner. There are six delectable preparations. Try Braised Whole Baby Abalone with Oyster Sauce; Abalone Rolled with Asparagus Mashed Prawns; Claypot Sliced Abalone with
      184 words
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      Lock icon Page 19 Advertisements Column 3
      67 19 Buffet Buffet High Tea Lunch Dinner Saturdays k Sundays I Mim lo Fn Nightly £PshJ?1 1.30 am -2 pm 6.30 pm 1(1 pm Child ito»6»iu: $73®"' Adult: SUJiO" Adult: $16.80" on' Father's Day. Child I hekm 10 mi: Child I Moo 10 mil *.u» Luckv Draw and special dm* gift
      67 words
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      Lock icon Page 19 Advertisements Column 4
      108 19 LUNCH DINNER PRIVATE DINING ROOMS VALET PARKING AVAILABLE LEVEL 1 KING'S CENTRE 390 HAVELOCK ROAD SINGAPORE *****2 TEL: 836 6866 FAX: 738 2083 4 r r; 1 T -T—~Trt-r—• W 11,.— CHICKEN RICE IN THE GLITZ! Chatterbox Chicken Rice's the talk of town again... Come, savour Singapore's favourite dish and
      108 words
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  • Article
    Lock icon SGX clob
    2651 20 BONDS WARRANTS tfun 26 ■t M> M ivm la* M an UlUllll A* tart C—» bar Ike MM I* k|« M> Ml i ■■■■!> Mto fito nu f UN 37 0.5 s Aema ******4 0.5 0.5 1 41.0 1 300 661 79.00 1 '5 2.5 S AIITech ******7
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  • Article
    Lock icon STOCKS sgx
    8169 21 SGXMADIBOARP Of Gr MM U-M Last Vol Day Last Quote 0n> On YW MM Cm tog M0| I—> C !■»«■> Sah fwn u» —ym Sdhr CV HI $3 Mn MULTI-INDUSTRY 143 35 c Acma 50c 395 -1.5 C5 41 39 39 39 5 0.5 19.9 0.6 104 685
    8,169 words
  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      61 21 E 3 C k There is no better feeling than helping someone in need is the responsibility of each and every one of us who have achieved 4 to help those less y DirrcT Ccntre piguet private limited ijfei /It ULMAKo l lllli L 1 501 Orchard #03-10/11 Wheelock Place
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  • BT motoring
    • Article, Illustration
      Lock icon The most technologically advanced BMW
      530 22  -  The new 7-series limo features a host of innovations AH reports by Christopher Tan BMW has released first official photos of its new 7-se-.ries limousine three months ahead of the car's unveiling at the Frankfurt Motor Show in September and at least six months before
      530 words
    • Article
      Lock icon Performance supplies BMWs for CEO meet
      341 22 60 nnits at special price for buyers willing to allow use of the cars at Forbes conference PERFORMANCE Motors will supply 60 units of the current BMW 7-series to chauffeur top participants in the Forbes Global CEO Conference scheduled for September. Like similar undertakings
      341 words
    • Article
      Lock icon CCL tipped to win M'sian Peugeot rights
      250 22 LISTED motor group Cycle Carriage Ltd (CCL) is close to clinching the Peugeot franchise in Malaysia, having outmanoeuvred such rivals as Sime Darby and Oriental Holdings in the race for the French marque. While formalities have not been exchanged between Cycle Carriage Bintang
      250 words
    • Article, Illustration
      Lock icon French marques making waves in local market
      426 22 THE French are coming, and they're doing it in one big wave led by Peugeot and Renault this month. Peugeot launched the cheeky 1.6-litre 206 CC (cou-pe-cabriolet) two weeks ago with an advertising blitz as large as the car is small. Seen on
      426 words
    • BUMPER to BUMPER
      • Article
        Audi A2 subcompact wins award
        56 22 AUDI'S A 2 subcompact has won the "Silver Award" Britain's most famous design trophy. The five-door model was among 50 shortlisted from hundreds. The A 2 was the only award-winning car in this group. In the 39-year history of these awards, the TT Coupe is
        56 words
      • Article, Illustration
        SPH's Car-nival set to roar
        136 22 WITH over 450 cars on sale, an IndyCar racer (above) the US equivalent of a Formula One car, featured in the movie Driven stilt walkers, samba dancers, pipers and drummers, this year's Car-nival by SPH Classified is all set to live up to its name.
        136 words
      • Article
        LTA on info for open COE tenders
        88 22  -  Compiled by Christopher Tan INFORMATION such as spread of bids, maximum and minimum bids, and quality of flailed bids will not be available for open COE tenders. The Land Transport Authority said "bidders are able to obtain real-time information on the number of
        88 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      1540 22 ©HANVIT BANK (INCORPORATED IN THE REPUBLIC OF KOREA) HANVIT A K CONDENSED BALANCE SHEET AS AT DECEMBER 31,2000 (US$l W1259.70) Consolidated Balance Sheet Report of Independent Public Accountants As of December 31,2000 and 1999 To the Shareholder and Board of Directors of Kofwn Won In Millions Hanvit Bank 2000 1999
      1,540 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      35 23 nMfiTiffiaiiiMtfiy v ;"^S-. sfl k\ \ym, fc X fig 1 /if 7# lit 1 .<-- /jj 11 J fj^^M jr j i p IHBfflfl mi SM Motors 249 Alexandra Road Singapore *****5 Tel: 473 1488 www.voivocars.com.sg
      35 words
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  • ASIAONE markets
    • Article, Illustration
      US gloom hits Europe
      779 24  -  Euroland grapples with slowing activity amid a slew of profit warnings. But economic recovery is in sight for Europe in 2002, says JACQUES CHAHDfE JACQUES CHAHINE The writer is founder ofJCF JUST as we feared, US firms have continued to struggle in the second quarter. Profit
      REUTERS  -  779 words
    • Article, Illustration
      Future augurs well for Autron
      554 24 In its favour: booming profits, growing market cap, strong customer base THERE has been a lot of exciting news pertaining to our Tech Tracker Portfolio since we last visited it in mid-May. Most recently, one of our electronics manufacturers, Omni Industries, was taken over by
      FILE PHOTO  -  554 words
  • Page 24 Advertisements
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  • PERSONAL investment
    • Article, Illustration
      Bears prevail amid negative sentiment
      1260 25  -  markets Sellers continue to dominate with $70.3 m disposals vs $7-55 m acquisitions By Jack Leung The writer is a research analyst with Score Lab Asia Ltd THE suspension of trading in DBS Group Holdings and Overseas Union Bank shares during the last 15 minutes
      Source: Prima ITA  -  1,260 words
    • Article, Illustration
      Going with the feel
      684 25  -  By considering investors' emotional behaviour, a Japan fond has made 3-month gain of 9.5% By Serena Ng WHEN there was intense speculation on whether the Japanese crown princess became pregnant in April, many babylinked stocks in Japan made gains as investors reacted emotionally to the news.
      AFP  -  684 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      376 25 mas THE 4TH ANNUAL CONFERENCE 11 I I Fund Management In Singapore The Next Milestone 12 JULY 2001 1 THE RITZ CARLTON MILLENIA, SINGAPORE BJO 9.00 am Registration chair 9.00 9.15 am Wekome Address Mr. Dennis Urn Mr. Daniel Chan Director Chairman Tempieton Asset Management Investment Management Association of Singapore
      376 words
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  • EXECUTIVE money
    • Article
      Costs and effects
      1766 26  -  While expenses chalked by insurers and funds can be a drain on investments, more transparent disclosure will help to raise investor awareness, says GEHEVIEVECUA GEHEVIEVE CUA Transparency is this era's buzzword, and the insurance industry's new expense disclosure format makes a great leap in lifting the veil
      1,766 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      181 26 A $158,694 Si/* Is it Dow Jones? ..or.. Nikkei? I or.. STI? /\J It's NTUC Income. I The breakthrough performance of M I NTUC Income's Prime Fund m I Singapore's first investment-linked fund since 1973 J I The breakthrough performance of NTUC Income's Prime Fund has surpassed I all expectations:
      181 words
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  • SHIPPING TIMES
    • Article
      FREIGHT MARKET
      269 27 Reuters THE Baltic Dry Index (BDI) rose one point to 1,393, the Baltic Panamax Index (BPI) gained seven points to 1,429, the Baltic Handymax Index (BHI) fell 20 points to 8,968 and the Baltic Capesize Index (BCI) fell two points to 1,753. TIME-CHARTER: Anangel Friendship (built 1996) 161,000
      Reuters  -  269 words
    • Article
      MARITIME STOCKS
      281 27 Jm It a Yd CWT Distribution 0.55 0X12 32 Oman Hup 032 -OOI 521 Cotes Invottmont 0-23 -aot 339 FrtlahtUnks 0J9 unch 7 09 Holdings 0J7 002 31 IMC HoWlngt-HK UO unch 0 Jtya Holdings OK OOI 273 KappolFELS LOS -OOI 4*0 Kappal Marina at* aoi <3*47 KappaiTate
      281 words
    • Article, Illustration
      Indian Navy bombs, sinks wreck
      714 27  -  Bow of S'pore-flagged Heng San posing threat to navigation Reports by Beth Jinks [SINGAPORE] The Indian Navy has sunk the floating bow of Singapore-flagged tanker Heng San as it was posing a threat to safe navigation in the area. Using its Firepower and at least
      714 words
    • Article
      Two ships hijacked, master taken hostage
      227 27 PIRACY AFP [KUALA LUMPUR] Pirates have hijacked two ships in Indonesian waters and are holding one of the captains for ransom, Malaysian police said yesterday. Marine police commander Muhamad Muda, disclosed the two incidents as international experts began a two-day meeting on ways to
      AFP  -  227 words
    • Article, Illustration
      Need to set up framework for cooperation to combat piracy
      432 27  -  Some S-E Asian coast guards are poorly equipped, conference told By Donald Urquhart AP, Reuters, AFP [SINGAPORE] Poor cooperation among South-east Asian states and ill-equipped coast guards in Indonesia and the Philippines are foiling efforts to combat maritime piracy, said
      AP,; Reuters,; AFP  -  432 words
    • Article
      Ocean Tankers' woes not new
      168 27 [SINGAPORE] The Heng San tragedy is not the first time Ocean Tankers has been involved in controversy. April 1997: two crew were killed and two more injured when the company's Singapore-flagged Ocean Trader caught fire while berthed at Mobil Oil Singapore's refinery terminal. January 1997:
      168 words
    • Article, Illustration
      Look what the wind blew in
      85 27 [FUZHOU] A17,000-tonne ship under construction for an European shipping consortium, blown from a nearby shipyard, sits on quayside in Fuzhou, China's eastern Fujian province. More than 160 people are dead or missing after the south-eastern coast of China was pounded by Typhoon Chebi over
      AFP  -  85 words
    • Article
      All's well at Baltic Exchange
      165 27 [LONDON] The Baltic Exchange says that all is going well with its efforts to change focus, with "substantial progress" made in its re-position-ing efforts. In his statement to shareholders distributed with the organisation's annual report and accounts, chairman Peter Kitching said that the proposed launch
      165 words
    • Article
      Two charged following Malacca Straits collision
      316 27  -  -By 1 Donald Urquhart [SINGAPORE] The master and second mate of the Bahamas-regis-tered oil tanker MT Rowan have been charged in a Malaysian court over a collision with a Panama-reg-istered cargo ship on May 28 in the Malacca Straits. A Malaysian Marine Department official
      316 words
    • SHIPPING news
      • Article, Illustration
        IMO must force flag states to either shape up or ship out
        782 28  -  STRAIT TALE By Seafarer ASSUMING that the decision to extend his contract is approved by the International Maritime Organization (IMO) Assembly in November, Bill O'Neil is going to head the specialist agency for another two years. The approval
        FILE PHOTO  -  782 words
      • Article
        DNV gets clean slate from US Coast Guard
        258 28  -  Bat Russia gets targeted for inspection dne to detention ratio uo By David Hughes [LONDON] The 2000 figures for class-related port state control detentions released by the US Coast Guard show Det Norske Veritas topping the performance charts, with no such detentions
        258 words
    • Article
      SHIPPING SCHEDULES INDEX
      278 28 PAGE Ahrtnkiel 10 Appenship 5 Assets 5 Austral 6 A*ant 10 Btang Mas 6 bsa r BTl 10 Bangladesh 9 Balaii 4 Batamtndo 9 CCW 7 CMACGM 3 COSCO 3 CSAV 3 Central Ei 6 Ctwhaya 10 China Shpg S Confer 10 Colony Log S Cougar 7
      278 words
    • Article
      SHIPPING GUIDE
      8905 34 THEBUSINESSTIMES Pa9e 8 EXPORT WEDNESDAY, JUNE 27. 2001 ETA ETA Advertiser Vnstl Voyage Telephone SIN Dest'n Nam* None Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoirc 04/07 05/00 MOL MOL OUEME M01A 65-*****06 04/07 07/00 ZIM/Seth ZIM HAIFA I 74W 6V3230I12 04/07 15/00 COSCO EMPRESS DRAGON 0m* 65-2261*00
      8,905 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        785 37 V»sm4 Voy No Berth Arrival Depart art Oorttf OWn 5 > J05 26/06/7J5 26/06/1700 M VigtUnct 26/06 JOT 26/04/8:25 26/04/15-00 Bav*»atef118 MUM J02 26/06/9:55 26/06/16.00 tt SumOer *1 04-Jan-01 J01 26/06/1000 26/06/1400 •"star 3 ***** J02 26/06/10:15 26/06/1500 langmas 3 OHM X3 26/06/1005 26/06/22 00 Ef a 118
        785 words
      • Article
        CONTAINER SCHEDULES
        1763 37 RECEIVING OF EXPORT FCt COMTAMCtS AND LCI CARCO Boofcino/BiUnct Rstb Sh*P Voy No Etb/Btr Portod From To Fro* acj usu oi* ani an m/hoo 2sws* anoo a 25/1700 24/045* 24/0*00 a 25/noo a/out mw 24/070o 24/05* 24/M00 it/Boo am* 24/noo ta mucus km 27/100 m zvrsoo am* ?v*>oc
        1,763 words
      • Article
        GLOBAL HOLIDAYS
        192 37 JnlyS Thailand: Asalha Bucha Day July* Thailand: Buddhist Lent Day Aapitl Switzerland- National Day Angnet I Singapore: National Day South Africa: National Women's Day Aajpit 12 Thailand: HM The Queen's Birthday Angnet IS South Korea: Liberation Day Switzerland: Assumption Day Spain: Assumption Day Belgium: Assumption Day France: Assumption
        192 words
      • Article
        COCKETT BUNKER MARKET REPORT
        750 37 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        750 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        418 37 Cvtea 180 Ma 993.4 0.5 14.4 0.08 46 0.03 J* *1 Dmttr Nrttr BmMm Ask tkMlN Si— 1 No tbon £25 1 0 0 0 0 0 %H/H 380 Aw 985.8 02 0.8 0.06 19 0.02 (dm 380 Ha 990.7 0.7 173 0.10 45 0.03 IT"
        418 words
    • AIR & LAND transport
      • Article, Illustration
        Bush ready to intervene to avert American Air strike
        699 38 If deal isn't reached by Sunday, president will use his powers to prevent strike for 60 days Bloomberg [WASHINGTON] President George Bush will intervene to prevent a flight-attendant strike against AMR Corp's American Airlines over the July Fourth holiday, the White
        Bloomberg; FILE PHOTO  -  699 words
      • Article
        Mechanics union agrees to tentative deal
        170 38 AP [DALLAS] American Airlines and the union representing its mechanics and ramp workers have agreed to a tentative contract. The three-year pact, announced on Sunday, covers nearly 15,000 employees and provides for immediate base pay raises of 8 per cent to 22 per cent
        AP  -  170 words
      • Article
        Toulouse firm eyes AOM's charter operations
        215 38 AFP [PARIS] French air charter company Aeris plans to take over the charter wing of fi-nancially-strapped AOM-Air Liberte, the Toulouse-based company said. It will submit its offer by Friday, with a response expected within 10 days. The company plans to continue AOM-Air Liberte's charter
        AFP  -  215 words
      • Article, Illustration
        Cathay trying to avert mass walkout by pilots
        312 38 AFP [HONG KONG] Talks between Hong Kong-based Cathay Pacific pilots and management resumed yesterday, with the labour department stepping in to try and avert a July 1 mass walkout by union members. The labour department agreed to mediate after talks between the
        AFP  -  312 words
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        Rolls-Royce makes shift in after-sales business
        543 38 PARIS AIR SHOW Reuters [LE BOURGET] British aeroengine maker Rolls-Royce pic has moved 20 per cent of its after-sales business to comprehensive service deals, but without deferring revenue, the company's chief operating officer said. Almost every deal in the past four years to supply
        Reuters  -  543 words
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          Urumchi-HK charter flight begins
          88 38 Xinhua [URUMCHI] The first charter flight from Hong Kong arrived at Urumchi International Airport on Saturday evening. The new direct flight will benefit thousands of tourists from Hong Kong, Macau and Taiwan. Previously the travellers who want to go to the north-west Xinjiang Uygur Autonomous Region
          Xinhua  -  88 words
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          Bridges,tunnels on China's highest rail
          57 38 Oana-Xinhua [XINING] Bridges and tunnels will account for 7 per cent of the total length of the Gelmud-Lhasa section of the Qinghai-Tibet Railway, the highest in the world. According to a latest bulletin released by the railway's construction headquarters, the longest tunnel on the Qinghai-Tibet
          Oana-Xinhua  -  57 words
        • Article
          Second Incheon airport bridge proposed
          72 38 Bloomberg (SEOUL) Sooth Korea will evaluate a proposal from UK-based Amec pic to build a second bridge to the new Incheon International Airport, the Korean Ministry of Construction and Transportation said. Hie ministry chose the construction and engineering company on Saturday as the primary candidate
          Bloomberg  -  72 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        2046 38 on fuait it* futw rrc MMi mux mso LHU01 MSO MMM t—frtm $023 oUS *UM U«n 0H5 SOU! 2325 BJ3T MM UtgjMrtyi JOU 0255 ftmm R242M 2MB N242H 1045 turn kms sow log »<wii crm org tmmm mx*** ax mxmr am »Sflll|M» M442S 0300 0M42* 0400
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      716 28 I TO USA/CANADA I EXPORT 1 I OTHER DESTINATIONS I [St.. OOCLAAiaKA ***** 03/07 IK/07 I 20*7 24/07 25/07 J5/07 75/07 21/07 VOT W6 BUB ftt IX STB mM. OOdCALJfOfNIA 55E21 10/07 11/07 27/07 31/07 01/01 01/01 01/01 04/01 PlO NEDLLOYDADELAIDE 40S 7VtM 01*7 i#*7 IVW tfll*o*r 3»S 02/07 03/07
      716 words
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      Page 28 Advertisements Column 2
      609 28 Li"®* services represented by "vrrben, of the Registry of Members of the Accred,ted Shipping Agents, Singapore Logistics Sngapore Shipping Association Association UiY UM MALI "wssa Twr Tn* Tra ru P.KUNG SfOH MAli Princess Lily VO5Ol 02/07 03/07 11/07 Empress lily VO6Ol 18/07 19/07 28/07 Princess Lily VO6Ol 06/08 07/08 15/08
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      1244 29 piw pi fliai TO EUROPE FROM EUROPE *5! «l—Hi wmi »v ioi nn Ivtssa vot rtw um him m sou u* sm API BIS 101W 21/04 21/07 19/07 14/07 11/07 APIMDONBU 1011 10/0* 07/ M 00/04 05/0* 29/04 API COtAl 022W N/04 15/07 17/07 20/07 21/07 HY DUKE 3351 00/04
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      Page 29 Advertisements Column 2
      1550 29 T/T: ItMTSI JEBDAM T/T 112 MYS I MUU T/T 115 MTS I COSUR SmVpTNc'pTi LTD wSffiU wifjm. a«H>«»5Si ILn»i»o,««i «~»»o, jmsju EST" 6 SUSS? JtSiSS' «osSi/«» VM/VOY [stF~| KG SHA (M UN HI W W HI !HI HTU XIA YT* *51AW 2SEI2 10/07 IMF 13/07 «U*/0743S 10/ M 20Aft 2im
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      Page 29 Advertisements Column 3
      431 29 vtssa Iwtlsm Irol «sa wr sw jn sw WTCiMUm IDS 71/H 04/07 M/ 07 10/117 11/07 14/H7 MK iWffl ifiii JLSI HflZ _i™ IMILBfiM IWS cam 55 *MI *aw«i nvk M/ 07 W HTUOPAISM»IB MIS 04/07 tw ■WHMBBM IO4S >1/17 QVO7 1010 H/07 M/V It/17 13/07 13/07 \J/V WTlsSlacllSonitt »M
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      1152 30 SENATOR LINES Toiimopi fomnoaiASimAN/tmMA msa vot 9i in m h mi n iu T»ot $w m m[ 3 POKSBUiat MHW MJ* 11*7 ISJ7 l*A7 17J7 IM7 IM7 MSA6AMA MISW MM 17 J7 IM7 lU7 iuT~ NMUHUVMMH OHM KM 71J7 2U7 I»J7 IM7 lU7 ASW MISW A7J7 14J7 17J7 lIJ7 7717
      1,152 words
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      Page 30 Advertisements Column 2
      864 30 Ip A« MAC-mels spflftg wm CantarMMCMNtM IMB, MC tUMn oxy VLJ hwaehmhui r%ssvzsn ssssssssssiggss LOH6 BEACH AARHUS MV "HANJIN OSLO "V.013E MV "PAO NEDiiOYD STUYVESANT" V.03W25 ETA SIN: 01-07-2001 ETA SIN: 01-07-2001 MOJI NHAVA SHEVA/NEW DELHI MV "WAN HAJ 162" V.N067 MV "KUO UH" V.l 126 ETA SIN: 02-07-2001 ETA
      864 words
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      Page 30 Advertisements Column 3
      433 30 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND 70: COUMBO i NHMR SHBft (CPS MULUMD, MUMBAf) ALSO ACCEPTMG TO ALL NORTHERN ANO WESTERN CO POMTS mmmm wn [rwi|nnio—jM.awd twiwt |<—at" whba va-mm msla son* r« pi II m mtm mmmm mtrmm* m IMMMMGnES Mil MM I4M lIM MMH «QRJK NBSBSWIWHt m ioHffißus« mm
      433 words
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      1321 31 iVISStL VOT KHH HKO SIN P9CL I PX» I IA» DMM KMC 1 IRAN TA6ATABAEI PCL-213 26/06 27/06 30/06 01/07 06/07 09/07 11/07 IRAN KERMAN PCL-214 03/07 04/07 07/07 06/07 IS/07 16/07 It/07 IRAN ISFAHAN PCL-21S 10/07 11/07 14/07 15/07 22/07 23/07 23/07 IRAN HORMOZGAN PCI-216 17/07 IS/07 21/07 22/07
      1,321 words
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      Page 31 Advertisements Column 2
      450 31 I Loadngfor LOK KIRTI RDM/ATW/BMNAJK/LPL I LEADER RDH4/ATW/BMN/UK/LPL I Zl YUN SHAN ROM/ATW/BMN/UK/LPL I Loads Singapore. E7W Malayan. Indoneaa I Loading for L DtMTTROVA JOVAQA PEUNOVO DBVABU/DOH/BRN/DMM/KWT EVERISE GLORY JOH/AQA KOUROS V D6VABU/DOH/BRN/DMM/KWT BALAJI VINTAGE JOH/AQA g RAINIER D6VABU/DOH/BRNA3MM/KWT 'Loads Singapore, EVW Malaysia. Indonesia ILoadrg tor I IDEE FIXE CAM/NFK/HOL
      450 words
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      Page 31 Advertisements Column 3
      1283 31 vtssa vof m mg "si* ice iao www ia umaihum won nM 07/07 ~w~-Wv~~awr SMg'""*.. I M IgS I Mi IML_ ma mm won 07/07 n/w ic/o; ivd; 14/07 j^jgg WIUM 1 —5* —I Wl7 12/07 It/07 OMn 70/07 73/07 UN tHUN ?14W M& 5% ®ST~ mum fiiz lt/07 71/07
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      1071 32 Agy SINGAPORE PTE LTD > 15 McCallum Street #03-01/02 Natwest Centre Singapore *****5 Tel: |65| *****73 Fax: (65) *****66 Email: general<secusin eculine net Website: httpyAvww eculine.net lohore Bahm Office-Tel: (07) *****18 Fax: (07) *****62 PROUDLY INTRODUCING OUR NEW DIRECT SERVICES TO NO WEIGHT CONSTRAINT (RATIO 1 CBM 1000 KGS) WHY
      1,071 words
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      Page 32 Advertisements Column 2
      403 32 INDONESIA NATIONAL LINE TO AUSTRALIA I < va vor m m r h si* "mST mi m mwarr m n/wa/v m/v n/v u/v n/v ronom "m~ am u/v n/v wv wv v/v mnrn "its" 14/0; v/v w«w*« «is o/w*£»7 n/M «/o» um ii/m FEEDER SERVICE TO INDONESIA T g mttrm
      403 words
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      412 33 BSA -i. Imm. MYANMA wBBk FIVE STAR UNE (MyaMar Notioaol Lia«) loodiag for YoNgoa VESSa VOY SW PKL PEN PGU MONG LA 45W SLD MPA- AN 209W IN PT MALAYSM AGENTS: OOUSTIAD SMPPMG AGENOES KUL m 03-*****300 PKL- TH 03-117*4101 IW: TH 042****** PGU: TH 07-*****21/4 BANK LINE (A »r»ki
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      Page 33 Advertisements Column 2
      1165 33 _HYUNDAI_MERCHANT MARINE CO., LTD. [VBSft VOT yi SOU lUM I »T» I AWT I HAM I Itv IVBSB VOT I SOU LSI I (TM ANT HAM WN I"® HYFHJBAL S3IW 25/0* 17/07 11/07 12/07 14/07 NOL ADVANTAGE 008 01/ M 04/0* 03/0* OS7O* 27/01 tflM 101W 20/04 14/07 11/07 21/07
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      Page 33 Advertisements Column 3
      951 33 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERKA 'CAR RORO HEAVYUFT SERVICE* vor uor height si i uc i map I mia I sav Imi I otf 1 nyc I miw T~ioi~ EE? 6 X!! 2 M/M 07 w/M 11/01 111/* 14/ M li/wfioToT Tntwrnmr iS t UJSI ~/0# J,
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      548 35 FCLACL Container Service to Worldwide Destinations through lAL Logistics (S) Pte Limited 80, Robinson Road, 22-01 A, Singapore *****8 8380 Fax: 223 ialsin@ial.com Website: www.ialsin.com OarOtfcasiiMr LuMmPCO): Mote Knk mnnn i n i t*tu* wnn» i *****l* —>u"j i_ irrrir *.m+-*aas*Jt-*i**t* C-4ftondßm 204.0iwWai<—HCmpta CorttwEtagt 3A. NMan Apatmnb. lMne«»w ri'l'i'A'ril fS
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      Page 35 Advertisements Column 2
      233 35 MUR SHIPPING I INDIAN OCEAN ISLANDS/SOUTH AFRICA VBSB m o M ica HI n an kumon bm a k ct ExmssrowiavoTiii »i/« 7 a/17 m/ 17 v/v u/v a/« 7 n/v v/v ■UIVOTII3 «S/M «/M 11/H 11/ M IS/N B/W 11/W M/W M/W mil J m wamwT 71 wmtmmmfm mmmmm
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      148 35 *SSB WT nra OUT WT rUSM BR OMUSWI I IKS MJUI Hum lIOSN KJUI W CHIASM I I IMS OtOLOI «B UNA VJUI Ml bmusmi iww yjui iw' aim ~n~ ■KASHA! I IMS IWJj Stf 111 WJUI Ml awusmi nws linn sa now mm MM QMuani iiik mm mi mi
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      Page 35 Advertisements Column 4
      222 35 hufiß ENG IfE SHIPPING CO PTE lID I U S)3»» rasa vor smre aunt Msrwmn U» Sto 3 08/01 27/06 78/04 to* Urn Sto 77 07/01 2t/D( 71/04 U^/lIMi U7 04/01 78/04 71/04 Sato* Saw 08/01 71/04 79/04 UMS»37 08/01 71/04 30/04 MM UtoSto47 05/01 71/04 71/04 RX/ICI (to Dm
      222 words
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      565 36 IVESSEL^^SSY^JJIN^ISSISII^I TIGER BRIDGE 900N 28-2806 (XH»O7 13-14/07 I TIGER METRO 902N 01-02/D7 08-11AJ7 16-17/07 I TIGER RHYTHM 903N 04-0507 11 14/07 19-2007 I MILD6URG 10N01 09-1007 15-1807 23-24/07 I TK3ER SPEED 905N 12-1307 18-2107 26-2707 I TIGER BRIDGE 904N 13-14/07 1»23/07 28-2907 I XPRESS SPORE 319 29-30/06 *****7 16-17/07 I
      565 words
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      Page 36 Advertisements Column 2
      745 36 fMIOHT LINKS EXPRESS PTE LTD 51 Pen|uru Road, 3rd Level, Links Express Logisticentre, Singapore *****3 Tel: *****11 Fax: *****77 E*mail: flesin@singnet.com. sg Introducing VALPARAISO SOUTH AMERICA SANTOS MANZANILLO fortnightly direct BUENO AIRES Booking 267# 5565/4694/5535/5539/5541/5553/5569/3579/5562/5563 PROJKT SHIPMENT HtAVYUFT CARQO (CONVENTIONAL 4 ROftO) Um >*****0, K/Pl 97-1977 11 riii RHniii fi
      745 words
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      Page 36 Advertisements Column 3
      853 36 /fh PDZ LINES I *****6 iIM) 29/06 GMIA II2U_JVO*_ GUAM 2119 27/0* GNJAN 2119 27/04 6>HUAT m n W C«NG ***** 29/06 GUOO ***** 27/06 CUOO 211*1 27/0* 6B£WG 212*2 00/07 flgUg 1 2110 o*/07 GISWH ***** 2VoT GKWH ***** 29/0* [OWUAT 211* 09/07 GWU 212*4 o*/Q7 CttOOM ***** 02/07
      853 words
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      Page 36 Advertisements Column 4
      65 36 om, CONFER (S.E JL) fen SHIPPING PTE LTD TEL: *****68 FAX: *****45 DIRECT CONVENTIONAL SERVICE TO CHITTAGONG VESSEL SIN CTG A. A. VENTURE 15-17 JULY 20-25 JULY M" SulvConanant Madras Cafcuu Bombay KndfcaMa Tukoom Cocfwi F»Emm Ho On Mwh I tagJmv Hongmnq Manto Bwgrtk Bu—n FCULCL S«rvic«a To: Austrafca SyOrw,
      65 words
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  • Page 37 Miscellaneous
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      Page 37 Miscellaneous Column 1
      123 37 /y/ 103E 11JE LEGEND: Issued by Meteorological Service Singapore K Thunderstorm Shows rs Rain Temperature Cp/ Wind direction and speed in knots Cloudy Day Weather U symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds •■■■l '9**. < 1 2m »One half Heche represents
      123 words
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