The Business Times, 20 July 2001

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Total Pages: 48
1 48 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 Internet: http://business-times.asial .com.sg/ SINGAPORE/ FRIDAY, JULY 20, 2001 85C
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  • 80 1 Dsn 1,***** (-0.98) BT-SRI ***** (-0.48) ST INDEX FUTURES 1,618.00 (unch) smsci FUTURES 194J80 (unch) STOCK MARKET INDICES Thursday Change KLSE COMP 649.49 +1.77 NIKKEI 225 11,908.39 +15.81 HANG SENG 12,279-82 -147 J7 SET INDEX 816.02 +0.86 JAKARTA COMP —***** +9.96 MANILA COMP _L38L87 -11-91 TAIPEI WPI 4,190.78
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  • 77 1 FOBEX BATES i;s* s$ USS (SSperUSS) 1.827 £(USS/SS per 1.418 2i91 EURO(l"S$/S&/E) 0.874 1.596 DM 2.239 1-225 YEN 123.6 67.70 RM 3.800 2.080 HKS 7300 4570 BAHT 45.74 25.04 Rl'PlAH 11,248 6,157 *S$ to KM) units PRIME RATES SINGAPORE* 5.80 KTALA LUMPUR 7.67 •JAKARTA .39.00 BANGKOK 9.50 MANILA UN
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  • 835 1  -  -liexclusive However, the final decision on his appointment will lie with UOB's board By Conrad Raj [SINGAPORE] United Overseas Bank's deputy chairman and president Wee Ee Cheong is ready to take over the helm at Singapore's second largest
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  • 84 1 IN yesterday's story "Local banks' big fear: ATM access by foreign banks", we quoted United Overseas Bank chairman Wee Cho Yaw as saying in a recent interview: "I would openly say merger is wasting time.. .1 think it's a tiresome sort of job. It's unproductive." We regret that this
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  • 260 1  -  -ilexclusive| Merger unlikely to affect corporatised parts of PSB By Chuang Peck Ming [SINGAPORE] It looks like corporate mergers are infectious the latest speculation is that the Trade Development Board (TDB) will soon merge with the Singapore Productivity and Standards Board (PSB). Both statutory
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  • 590 1  -  Move seen as bid to pnt market rumours to rest By\ Siow Li Sen [SINGAPORE] DBS Group Holdings is bringing forward the release of its interim results to this coming Monday one full week ahead of schedule in a bid to quash
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  • Page 1 Advertisements
    • 79 1 UISIDE Biz Woman Linda Locke: No longer the dragon lady. ML 4 Top Stories SMRT to offer share options to staff. Pg 6 Dr Mahathir blames Renong for stock market's woes. Pg 19 MAS shares soar on higher-fare news. Pg 19 IBM's Q2 profit rises 5.4% to USs2b. Pg 23
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    • 50 1 MAS 30th 4Rt| anniversary An exclusive with MAS chairman Lee Hsien Loong. S Dhanabalan on DBS' edge, Pg 15 Lee Seng Wee on OCBC's China card, Pg 15 Wee Cho Yaw on mergers, foreign rivals, Pg 16 Lilliputian fetes Paying top dollar for children's birthday parties Executive Lifestyle cover story
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    • 45 1 Jy\ it k. x v^^Ki X The W\ >T I.U.C to watchmaking fMBC J/Mk 02-36, 65/737 64 51. shops: The Centrepoint, Suntee City Cortina Plaza. Millenia Walk. Raffles City. Sincere Watch Suntee City. Hour S C Gassan batches: port, more information: Chopard Asia Pte Fax
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  • NEXT page
    • ON THE grapevine
      • 189 2 ALMOST straight out of a Cantonese soap opera, things are turning ugly in the boardroom tussle at Hong Kong-listed building engineering firm Shun Cheong Holdings. Two substantial shareholders and former partners chairman James Wong Sai-wing and managing director George Kwok Shun-on are apparently fighting for
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      • 76 2 AT a press briefing this week to launch the 384-unit executive condominium Bishan Loft, the developers NTUC Choice Homes and Chip Eng Leong—appeared withdrawn initially. Sensing the awkwardness that was slowly building up, Chong Kim Chang, chairman of Bishan EC Pte Ltd, the joint venture firm developing
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      • 111 2 YOU'VE heard of Internet-enabled cars and refrigerators; now get ready for Net-ready park benches. The proposal comes from the UK arm of software giant Microsoft Corp, which says it plans to set up a wired park bench withfree connections to the Internet. Park visitors will just need
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    • 553 2 But most dealers in poll see a pause after that to gauge if the economy picks up Reuters WALL Street dealers unanimously expect the Federal Reserve to cut interest rates in August for a seventh time this year, but a majority
      Reuters; AFP  -  553 words
    • 575 2  -  No impeachment compromise with Gas Duris on the cards From I Shoeb Kagda in Jakarta WITH emergency rule looming over the country, political tension is reaching fever pitch in Indonesia as opponents and supporters of embattled President Abdurrahman Wahid gear up for a
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    • 445 2  -  on the economy manpower By. Eugene Low (SINGAPORE) The economic outlook might be grim, but 35 per cent of Singapore companies surveyed by human resource firm TMP Worldwide expect to raise their headcount in the next three months. Nine per cent
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  • Page 2 Advertisements
    • 116 2 With the success of last year's exhibition, Linda Gallery is now proud to present I H a solo exhibition by the renowned artist. A wide selection of paintings in different H media (oil on canvas, watercolour and ink on paper) will be showcased. H Official Launch of Exhibition: Saturday 21
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    • 7 2 Argentina woes won't spread: Greenspan, Pg 22
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  • Page 3 Advertisements
    • 53 3 11l ■K'; iU DEMARS PIGUET/ 'Lc maitrc dc 1875 A iy v- -v. nL w 1\ < j, "V' i, 5 A tMtmi Ko\ ;i! (»nl Collection Cortina wattsh f-\ fr WMI \litl \l MM, M'nk'l i-s V...'.- l-> I M IM'M-i CoMUUI W.Hv'l s <i !■''<: >•' 1 H
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  • SINGAPORE companies
    • 272 4  -  By Andrea Tan KEPPEL Fels Energy Infrastructure (KepFels) yesterday reported a 23.8 per cent jump in interim net profit to $37.8 million on the back of $1.7 billion in turnover. Operating profit for the six months ended June, however, fell 18.8 per
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    • 365 4  -  BTlSVmiiuws Scheme for all rank-and-file follows thatofSPH,SIA By Christopher Tan RAIL group SMRT Corp has become the third listed company here to offer share options to all its rank-and-file staff, following Singapore Press Holdings and Singapore Airlines. The group implemented the scheme on
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    • 377 4  -  Staff retained to fulfill new orders; FY2OOI profits seen down 38% By David Boey GES International Ltd, a maker and distributor of electronics components, said yesterday it will not cut its 1,300-strong work force despite an expected 38-per-cent dive in FY2OOI earnings, as it
      CHRIS LOH  -  377 words
    • 648 4  -  lock siew david boey THE tough economic climate has not dampened the enthusiasm of Singapore Technologies Engineering's bosses to grow their business "10 times in 10 years". This may sound great to shareholders, but can they do it? Seen in dollar
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    • 635 5  -  MID-CONTINENT TRIAL Defence trying to show Gwee could have bought, then sold shares if he wanted windfall Report>• by I Serena Ng THE prosecution's fourth witness said yesterday that the accused Dick Gwee had the opportunity to subscribe for Mid-Continent's offer shares
      FILE PHOTO  -  635 words
    • 544 5 LAWYERS yesterday spent much time trying to determine whether the 90 per cent of Mid-Continent's flotation shares taken up by five placees were a condition imposed by them or was it an amount offered to them. If the five placees had indeed imposed such
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    • COMPANY Briefs
      • 83 5 MANUFACTURING Integration Technology Ltd said yesterday its half-year performance has been adversely affected by the slowdown in the semiconductor industry and warned that it anticipates a net loss for the first six months of financial year 2001. The group expects to announce the
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      • 99 5 SIA Engineering Company Ltd said it has increased its stake in its aircraft cabin equipment subsidiary, Singapore Jamco Pte Ltd, from 51 per cent to 65 per cent. An agreement to acquire the additional stake in Jamco through a combination of existing and new
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      • 105 5 Reuters CYCLE Carriage Ltd, which owns 31 per cent of Astra International, said it would agree to the Indonesian carmaker divesting its palm oil unit Astra Agro Lestari if the price is right. "If we can obtain the right price level, we
        Reuters  -  105 words
    • 419 5 AFP [WELLINGTON] The battle between Qantas and Singapore Airlines (SIA) for a stake in Air New Zealand has national interest implications for New Zealand and Australia, Qantas chief executive Geoff Dixon said here yesterday. Mr Dixon met Finance Minister Michael Cullen
      AFP  -  419 words
    • 319 5  -  Spillover effect cited; firm expects return to black next year By\ Lim Wei Chean ENGINEERING and construction company Yongnam Holdings expects to remain in the red this year before bouncing back into the black next year. In an update on the company's fortunes, chief executive
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    • 191 5 CENTREPOINT Properties is buying a 1.4-hectare residential site in Shanghai for 252 million renminbi (5555.3 million). The company yesterday signed a land use rights contract with Shanghai Municipal Land Administration Bureau. It said the price included resettlement and public utilities provisions. BT
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  • Page 4 Advertisements
    • 947 4 s Dynasty offers the LOWEST and STILL the BEST VALUE in town! -m FREE EASY HOLIDAYS Scfwne available up to 12 months Jmtm&CondBors apply DYNASTY TRAVEL www.dvnaatvtraval.com D i® ka JU K3BSSSB"' fe9 ff S AC ifJ Syjjj _.<* <1/T*' <>•.•?. '..r. A'a '-'"'A New Zealand Express >,$928 If (Auckland
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  • Page 5 Advertisements
    • 282 5 SBD322VECNT 22 eu ft 620 litres Butft-n, Skte-by-skto teetJ Water'Dispensing Refrigerator. Black with Stainless Steel door wraps and Solid Stainless Steel handles 44 The heartbeat of every home is surely Justin Quek I <£j Best Chef of the Year Awaid I mwß 0 World Gourmet Summit 2001 I Jf The
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  • SINGAPORE markets
    • 348 6 Stocks Volume Fu Yu Mfg 10c 27,821,000 Tianjin Zhong 16,524,000 Rextech 15c 14,191,000 People s Food HGK 50c 10,033,000 Keppel Capital 9,050,000 SingTel 15c 8,074,000 North 22 USlc 7,627,000 Fischer 15c 7,620,000 PNE Ind 10c 7,140,000 TPVUSlc 6,907,000 Stock* Keppel Capital 32,662,380 DatacraftlOc 32,558,391 OUB 30,292,300 OCBC 22,360,300 DBS Grp
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    • 671 6  -  I =11 comment STOCKS r. sivanithy TO describe trading in the local market yesterday as "quiet" would be a gross understatement given the paralysis most stocks seemed to suffer from the Straits Times Index shuffled aimlessly around the 1,630 mark before
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    • 181 6  -  WARRANT WATCH By R Sivanithy IT could be that something is brewing at Teledata, judging by the sudden spike up in trading volume for its shares. Yesterday, the shares jumped four cents to 34 cents with about 1.4 million units done, no small feat considering
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    • 243 6  -  HOT STOCK Ven Sreenivasan THE stock of property heavyweight City Developments may be bottoming out after sliding for the better part of the last two weeks. The counter hit a high at $6.05 before retreating to close with a five-cent gain at $5.95. A total of
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    • 674 6  -  I :ii comment CURRENCIES Fall of up to 2% sparked by remarks from Bush and Greenspan larry wee THE US dollar was literally Bushwhacked in overnight trading, forced as much as 2 per cent lower by a combination of remarks attributed
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  • 2997 6 UNIT TRUSTS FUNDS Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: China Opportunities Fd 0.947 0.996 Global MNCFd 0.712 0.749 Global Technology Fd!** 0.595 0.625 UK Blue Chip Fd!** 0.714 0.751 American Opport Fd 0.824 0.866 ContEuroEqty Fd"** 0 978 1.028 Japan Eqty Fd!** 1.146 1.204 Asian Fixed Income Fd
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  • Page 7 Advertisements
    • 113 7 JL .JAEGER-LECOULTRE» Celebratins 70 Years of the Reverso The Manufacture Jaeser-LeCoultre presents: "Journey to the Centre of Time" p*J/| An exhibition on the history of watchmaking over the centuries £v/ From 20th to 24th July, 2001 Open daily from 11am to Bpm Mb City Hall Building, City Hall Chamber Level
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  • SINGAPORE markets
    • 494 8  -  Track record measured on capital preservation and consistency of return By' Genevieve Cua FUND tracker Lipper has launched a new scoring system for funds to enable investors to zero in on those that are best in terms of capital preservation and consistency
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    • 149 8 SUPPLY chain solutions provider YCH Group has won a contract from Ciba Specialty Chemicals (Singapore) Pte Ltd to provide a full range of products across South-east Asia and South Asia. The exclusive five-year contract is extendable for another five years after 2006. "Ciba and
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    • 335 8  -  Retailer signs lease for 50,000 sq ft space for 2nd store By\ Kalpana Rashiwala LISTED Dairy Farm's hypermarket arm. Giant, has pipped rival NTUC Fair Price to sign a lease for a 50,000 sq ft spot at Turf City,
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    • 400 8  -  By] Kalpana Rashiwala CONTINUING its strategy of divesting non-core assets, Capita Land Commercial is looking to dispose of The Adelphi on a strata-title basis. It is aiming to sell office and shop units in the 999-year leasehold building near the City
      FILE PHOTO  -  400 words
    • 275 8  -  By < Vince Chong THE owners of Burlington Square will put 33 of its 179 tenanted and furnished apartments on sale this weekend. According to sources, the net average price for the 99year leasehold units comes to $710 per square foot, with monthly rental
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    • 146 8 SINGAPORE Telecom's subsidiary, Sing Tel Yellow Pages (SYP) has launched its enhanced CD-ROM version of residential listings, which will be distributed to both residential users and businesses from today to Aug 15. The CD-ROM comes with name search capability, Web directory maps, address book,
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    • 314 9  -  This is the biggest single capital raising to date of a guaranteed or protected fond Byi Genevieve Cua DBS Asset Management's return-guaranteed fund, Up, has raised $270 million in its third tranche which closed on Monday, making it the biggest single capital raising
      FILE PHOTO  -  314 words
    • 968 9  -  MAILIiTm Patrick Tan, Meredith Peabody WE refer to the letter "DBS' Up: returns depend on how they are computed" by Tan Choon Kiat (Mailbag, July 18) and your article "The truth about guarantees" by Genevieve Cua (BT, July 18). We are delighted with this
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  • Page 8 Advertisements
    • 707 8 > J J2I IDS SCHEER loin Forces -'ito Strengthen Market Leadership for SUPPUWCHAIN JMHI MANAGEMENT serwSeS t v IDS-GINTIC, IDS SCHEER'S SUBSIDIARY IN SINGAPORE ACTIVELY PROMOTING SUPPLY CHAIN MANAGEMENT CONSULTANCY IN SOUTH EAST ASIA AND GREATER CHINA New relationship provides customers with supply chain solutions based on supply chain management,
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    • 189 8 Locate its owner through Classification 821 (Found). Simply call C .A.T.S. at 1800-737-1166 for this free service. t Another Classified Service ROBBINS "Unleash the power within"weekcnd 24th 27th August 2001, Singapore Expo. Halt 2 fThe world's No.l Success Coach, Anthony Robbins, will be here in Singapore to conduct an explosive
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  • Page 9 Advertisements
    • 45 9 HI 12 Se^r t^ Po,i c i e^|g|||i||flH^^^H •'^^r »<>Ar ESAS BRIEFING SESSION Designation: Company: PricewaterhouseCoopers, 8 Cross Street, £17-00 PWC Building, Singapore *****4 Tel: 236 3388 C2OOl PricewaterhouseCoopers. PricewaterhouseCoopers refers to the individual member firms of the worldwide PricewaterhouseCoopers organisation. All rights reserved. j
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    • 912 9 I TO I Toronto Dominion bank CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF As at October 31 INCOME v For the years ended October 31 (millions of dollars) I ASSETS 2000 1999 (millions of dollars) Cash Resources Cash, deposits with Bank of Canada and non-interest- Interest income bearing deposits with other
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  • EDITORIAL & opinion
    • 746 10  -  H7TT3 I bottom line OPINION shoeb kagda The writer is BT's Jakarta correspondent FOR the past 56 years, since Indonesia gained independence from Dutch colonial rule, political power has rested solely in the hands of the president Even the nation's Constitution makes it
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    • 127 10 It's a little scary, and 1 am coming home. It really does seem like we are under siege in some kind of war.' -Geraldme Brown an Italian woman, describing the tight security in Genoa, where this weekend s Group of Eight summit will be held. if at
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    • 594 10 EDITORIAL THE historic India-Paki-stan summit which started with a bang last weekend and ended with a whimper on Monday night may have failed to match the overblown expectations of many people on both sides. But that doesn't warrant the judgment that the summit was a failure.
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    • 902 10  -  Making Kashmir the prime issue would have meant India conceding that Pakistan had a legal say in the matter By Trem Shankar Jha The writer, based in New Delhi and former editor of The Hindustan Times, contributed this article to BT
      AFP  -  902 words
    • 929 10  -  COMMENTARY From Leon Hadar The writer is BT's Washington correspondent in Washbiytxm PRESIDENT George W Bush is hoping that leaders of the seven largest industrial countries and Russia will put an emphasis on their common pro-globalisation agenda when they meet in Genoa, Italy, over
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  • MAS 30th Anniversary
    • 4187 11  -  Deputy Prime Minister and MAS chairman Lee Hsien Loong talks to viKRAM khanna and amgelaTAN about how Singapore's banking and financial sectors have evolved, where they are neaded and the hurdles along the way VIKRAM KHANNA,ANGELA TAN WHAT do you consider are the main milestones
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    • 1154 15  -  Put the man in charge and leave him to his job that's the DBS way. And that's how the group has got to its No 1 position today, chairman S Dhanabalan tells siow li sen SIOW LI SEN DBS Group Holdings succeeds because it is professionally managed and
      ARTHUR LEE  -  1,154 words
    • 756 15  -  It will set up a regional centre in Shanghai and hopes to get retail licence by 2004. angelatan reports ANGELA TAN OCBC Bank does put money where its mouth is. The bank, Singapore's third largest by assets, has always stressed that Greater China is one
      FILE PHOTO  -  756 words
    • 1299 16  -  (JOB has come a long way since 1958 when it had a paid-up capital of just $1 million. Its chairman Wee Cho Yaw talks to comrad raj about the major turning points for the bank and his vision for its future CONRAD RAJ WHEN
      ARTHUR LEE  -  1,299 words
    • 935 16  -  MAHENDRAN NATHAN offers a foreign fund management perspective MAHENDRAN NATHAN The icy iter is Director, Regional Head cf Business Marketing, SG Asset Management (Asia Pacific ex Japan) THE Singapore fund management industry has come a long way since I joined it in the early
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    • 1368 17  - Authority adaptability In 30 years, the Monetary Authority of Singapore has taken the city-state to the top of the global financial hill. The next big challenge will be to stay there. Will MAS's recipe for success survive in the 21 st Century? gene frieda reports GENE FRIEDA The writer is
      FILE PHOTO  -  1,368 words
  • Page 11 Advertisements
    • 104 11 ROTHSCHILDS Congratulates MAS ON ITS 30™ ANNIVERSARY N M ROTHSCHILD SONS in Singapore since 1973 and across the Asian region Mergers Acquisitions Equity Capital Markets Corporate Financial Advice Bullion Treasury Services Private Equity Investment Management Five Arrows Unit Trusts For further information, please contact: N M Rothschild Sons (Singapore) Limited
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    • 107 11 *vv- r m J F& <|t ■~^h bbb —>Bllß,B l, liiifiP* *■*IfljriTTl Congratulations MAS on your 30th Anniversary! ©A sound and conducive financial environment has enabled Hong Leong Finance and Singapore Finance to grow into the largest finance company group in the country. Today the Hong Leong-Singapore Finance Group has
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  • Page 12 Advertisements
    • 130 12 jj/Hilk Ip? i iflp r f *r Ph ML '> '"!<•■** «^w KBafliEr; iM^H I Bl White w« rtipMt your prttertncti, wt rttliM the grtattr importance In respecting your needs. And to know your needs, we first need to understand you. Being thorough in understanding you leads us to being
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  • Page 13 Advertisements
    • 198 13 b%^>ld^JMMi i ?j .N£&|£fiih ftAii -v- #j>f r y fljfMfytHfclFffiMHMfMllteffii "^"'^fi 3/ K >; 5 < > v M Bpl In the past year, we received Investment Fund Awards for: No wonder more and more Singaporeans are investing their core portfolios DBS Shenton Income Fund with our team of highly
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  • Page 14 Advertisements
    • 52 14 Ci V jH ifjf g wgf j« J yggSiK Maff flf SM^S \i mm IWSm m K /":-^M pT f f '-*^g hßk (p|| '^p i^^BS|S^'' f jfl V MB*.!' .J4 jfll^* 7 ,-J9 Hfetr<-< w JtflMßttM a > JmF% ""> Jafc H H g Jb**M r- l» is a
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  • Page 16 Advertisements
    • 53 16 CONGRATULATIONS TO ThiMon etary Authority OF SINGAPORE! 30 Years Of Success And Outstanding Achievements. At Rabobank One Of The Leading AAA-Rated Banks In The World, We Also Value Prudent Banking Standards. Rabobank International Regional Office for Asia 77 Robinson Road #09-00 SIA Building Singapore *****6 Telephone: (65) 536 3363 Telefax:
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  • FINANCE
    • 261 17  -  ST Index/MSClS'pore Index C K Lau Refco Singapore THE Singapore share market closed a touch lower yesterday as overnight losses in US markets continued to weigh on market sentiment. However, the total turnover was extremely low as investors decided to sideline themselves amid the bearish
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    • 238 17  -  MSCI Taiwan Index Daniel Wong Refco Singapore TAIWAN stocks fell once again yesterday, led largely by Taiwan Semiconductor Manufacturing Co (TSMC) and other semiconductor firms. The MSCI Taiwan Stock Index fell 1.9 points or 0.97 per cent to close at 194.93 points on turnover
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    • 203 17 Reuters liOixlffn The dollar fell about half a per cent against the euro, the yen and the Swiss franc yesterday after comments on Wednesday by US President George W Bush and Fed chairman Alan Greenspan. The European Central Bank's decision to leave rates unchanged passed with barely a
      Reuters  -  203 words
    • Article, Illustration
      1231 17 MTERBAMK CROSS RATES JujJ9 AS C$ toafe Eiro Ffr DwHK$mi»« Yen Won RM NZ$ Prt i» S$ *mt Str MK N—< USS Australia 0.794 4.279 0.590 1872 1154 4.022 24.*****.000 0.638 6.734 1.959 1.244 33.069 27.433 0.942 4260 0.889 18.058 23.586 0.364 0.516 Canada 1.260 5.391 0.744 4.878 1.454 5.067
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  • Page 18 Advertisements
    • 4707 18 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 J IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TECHPOWER COMMUNICATIONS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company
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    • 1102 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ISLAND APPAREL PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 29-37 Kwai Wing Road, Sing Mei Industrial Building,
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    • 618 18 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. *****9 of 2001 In the Matter of the Companies Act (Cap. 50) And In the Matter of In the Matter of SOH BENG TEE COMPANY PRIVATE LIMITED (RC No. *****0043E) ADVERTISEMENT QF PETITION NOTICE is hereby given
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  • MALAYSIA news
    • 614 19  -  Removal of counter, controlled by Halim Saad, may help exchange, he says From Eddie Toh in Kua/a Lumpur MALAYSIAN Prime Minister Mahathir Mohamad has blamed beleaguered tycoon Halim Saad's Renong group for dragging down the entire stock market. The prime minister told
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    • 472 19  -  Front. Diana Oon Abdullah in h'uala Lumpur MALAYSIA Airlines saw its share price jump 15 per cent to RM3.10 yesterday, after the government said it would allow the national carrier to raise fares for flights within the peninsula by a bigger-than-expected 51 per cent.
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  • 1936 19 SICOI1 FUTURES Jul 19 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACTS cents/kg) Close Volume OpM Month High If* Sttt (tonnes) Interest Aug 01 110.00 Sep 01 TW.00 Oct 01 H0.25 Nov 01 1H25 RSS 3 CONTRACT (US cents/kg) Vote** Open Month High Low Sett (tonws) httftrt Aug 01
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  • Page 19 Advertisements
    • 103 19 BRISBANE BUNGALOWS GOLD COAST INVESTORS YES WHAT WOULD YOU DO WITH 1 SslB,ooo (no extra) s 5515,000 IN TODAY'S INFLATED WORLD J0&I gH finance to approved I WHAT ABOUT MHWfct H| 3 Low cost bungalows from I A BRICK BUNGALOW j I s ?38ljE —i| (Australian citizens and |a FREEHOLD
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  • REGIONAL news
    • 442 20 TAIPEI Latest act is clampdown on foreign funds' selling on Wednesday Reuters FOREIGN brokers in Taiwan voiced disappointment yesterday after the finance ministry clamped down on "inappropriate" trading as the government scrambled to keep the stock market from plumbing new lows. Minister
      Reuters  -  442 words
    • 524 20  -  From'. Harish Mehta in Bangkok ARMED with sweeping powers, the Thai Asset Management Corporation (TAMC) is soon to restructure a mountain of bad loans and create healthier companies, but there are fears it may abuse its powers. These powers allow the TAMC
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    • LATE Briefs
      • 68 20 AP fBANGKOK] Thailand's main opposition party accused Prime Minister Thaksin Shinawatra's government of hypocrisy for its plan to hire a Harvard Business School professor on a one-and-a-half day consultancy for US$l million. Abhisit Vejjajiva, the deputy leader of the Democrat Party, criticised
        AP  -  68 words
      • 72 20 AFP {BANGKOK] Thai Prime Minister Thaksin Shinawatra hinted yesterday that he expected the verdict in his fight against corruption charges to be handed down in early August. "By early next month, whether I remain in the prime minister's position or not, I am confident
        AFP  -  72 words
      • 50 20 AFX I JAKARTA] PT Kaltim Prima Coal (KPC), jointly owned by Rio Tinto and BP Amoco pic, said it may not be able to attend a meeting on Monday to discuss with the East Kalimantan provincial parliament the sale of the company's shares. —AFX
        AFX  -  50 words
      • 60 20 Bloomberg [JAKARTA! Asia Pulp Paper Co's two Indonesian units were due to pay their bondholders a total of 51.4 billion rupiah (SSB.3 million) in overdue interest yesterday, a spokesman said. PT Indah Kiat Pulp Paper Co would be paying bondholders 42.5 billion rupiah and PT
        Bloomberg  -  60 words
    • 561 21 CURRENCY JITTERS But central bank chief declines to say if it intervened to prop np volatile nnit Dow Jones Newswires AFX, [MANILA] The central bank will not resort to capital controls to arrest the volatility of the peso, central bank governor Rafael Buenaventura said.
      Dow Jones Newswires; AFX,; FILE PHOTO  -  561 words
    • 371 21 Shh! Don't tell press about Taiwan TAIPEI Bloomberg TAIWAN'S central bank has a message for those who say the island's currency is headed lower: Keep quiet. "Banks are free to advise clients about their predictions of the Taiwan dollar," Hsu Yihsiung, Taiwan's central bank deputy governor, said in an interview.
      Bloomberg  -  371 words
    • 722 21  -  l??lWsTfrom hong kong Businesses bemoan the high expatriate costs but it could be a matter of lifestyle choice quak hiang whai OVER dinner the other day, a leading Hong Kong businessman, a former legislator, was seated across a government official whose responsibilities include land
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    • 353 21 HONGKONG USsl66m cost over 15 years compared to Singapore's USsssm Reuters HUTCHISON Telecom, Hong Kong's largest mobile phone carrier, yesterday said that minimum bid terms set by the local government for third-generation wireless licences were expensive. Hong Kong said on
      Reuters  -  353 words
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    • 202 20 Shh! Don't tell press about NT$, Pg 21 )i v ''w^P^'t^WxiSl^^B 11 Jjfc <flJffl^M«^^^^BE^*JML. \A jrf? i JIHOH Soon we willl be on the seven seas Prosafe Production H|HH Pro safe Drilling Services Lmmm Pro safe Offshore 1 (ex. Nortrans Offshore) is a major (ex. Procon Drilling Services) is the
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    • 148 20 Dehumidifier Made In Denmark The Vestfrost Dehumidifier with its comparatively quiet operation and removable air filter keeps the air dry and comfortable. It protects your home and offices against mould growth on clothes and furnishing. The Dehumidifier also prevents dampness and musty odours and helps to diy wet clothes in
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  • 7513 21 HONG KONG Vol Jul 19 MKS COOO) AcrossAsia Multimedia 2.05 unch 600 Alpha General 0.04 unch ***** Amoy Prop 8.75 unch 2082 Ananda Wing On 0.17 0.*****470 Angang New Steel H 1.10 -0.02 ***** Anhui Conch H 1.63 -0.06 2872 Anhui Expressway H 1.29 -0.01 5384 Arcontech Corp.
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  • Page 21 Advertisements
    • 103 21 wmmm UP* Sjutmgnr Y^B Hm*r ♦tTh jFJmmX^I^IBI 1 40% Off Rainforests Langkawi's exclusive resort is offering 40% off our normal room rates. Call now before it disappears.The offer that is. Promotional Price Per Night Deluxe Room RM76O nett per night Offer valid May 6th Oct 31st 2001 Not applicable from
      103 words

  • Page 22 Advertisements
    • 592 22 m i Hitachi Zosen I Keppel Hitachi Zosen Limited I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2001 The Directors of Keppel Hitachi Zosen Limited advise the following unaudited results of the Company and of the Group for the six months
      592 words
  • WORLD news
    • 441 22 Problems largely domestic and its zero deficit plan has helped market sentiment, he says Reuters [WASHINGTON] US Federal Reserve chairman Alan Greenspan said on Wednesday he did not think Argentina's financial problems would have a large impact on the US or on other nations.
      Reuters  -  441 words
    • 408 22 Greenspan may have led some to think US will resume clip pace FT IS the US economy merely stopping to catch its breath? Or is it in danger of stumbling further into trouble? US Federal Reserve chairman Alan Greenspan delivered a basically
      FT  -  408 words
    • 331 22  -  From Leon Hadar in Washington US President George Bush has announced that he would waive, as did his predecessor, implementation and enforcement of the most egregious provisions of the so-called Helms-Burton Act. The act is a piece of 1996 legislation aimed at tightening
      331 words
    • OTHER Results
      • 145 23 Bloomberg [WALLDORF, Germany] SAP AG, the No 1 maker of business management software, said second quarter profit rose 78 per cent, beating analysts' estimates, and forecast sales growth will hold up in the second half as it wins market share. Net income rose to
        Bloomberg  -  145 words
      • 85 23 Bloomberg [HOFFMAN ESTATES, Illinois] Sears, Roebuck Co's second quarter earnings fell 13 per cent as sales of the largest department store company were hurt by cooler weather and a slowdown in consumer spending. Profit from operations fell to US$3l6 million, or 96 cents a share,
        Bloomberg  -  85 words
      • 108 23 AP [NEW YORK] Tobacco-food heavyweight Philip Morris Cos posted a 5.4 per cent increase in second quarter profits on Wednesday, led by a strong performance by its US cigarette business. The maker of top-selling Marlboro cigarettes and the controlling shareholder in the Kraft Foods business
        AP  -  108 words
      • 90 23 Bloomberg [SEATTLE] Real Networks Inc, maker of the most popular Internet media-player software, posted a narrower second quarter loss on lower operating costs. Profit excluding certain costs missed forecasts on weaker-than-expected sales. The loss narrowed to US$l9.2 million, or 12 cents a share, from U5527.2
        Bloomberg  -  90 words
      • 118 23 Reuters [NEW YORK] Delta Air Lines, the third largest carrier in the US, yesterday reported a second quarter loss as the corporate travel slowdown, high fuel prices and its Comair unit strike eroded the airline's revenues. Dallas-based Delta said it posted a loss of
        Reuters  -  118 words
      • 93 23 Reuters [NEW YORK] Northwest Airlines, America's No 4 air carrier, yesterday said it posted a second-quarter loss, blaming the slump in business travel and high ftiel costs. Northwest posted a loss of US$55 million or 65 cents a share compared with a profit of US$ll5 million
        Reuters  -  93 words
    • 507 23 EARNINGS WRAP But sales were lower, hurt by fall in demand for computers and software Bloomberg [ARMONK, New York] International Business Machines Corp, the largest seller of computers and related services, said second-quarter profit rose 5.4 per cent and sales slipped, hurt by
      Bloomberg; FILE PHOTO  -  507 words
    • 315 23 U HELSINKI Reuters MOBILE phone maker Nokia yesterday posted second quarter profits at the high end of estimates but said the third quarter would be worse and the last quarter difficult to call due to the lack of visibility in the market. "Current economic and industry
      Reuters  -  315 words
    • 290 23 WESTWOOD, Kansas Lower calling prices and greater competition cited Bloomberg SPRINT Corp, the third-larg-est US long-distance phone company, said second-quar-ter earnings fell 35 per cent on lower calling prices and increased competition from local phone companies. Net income was US$29O million, or 33
      Bloomberg  -  290 words
    • 283 23 PURCHASE, New York Reuters SNACK food and soft drink maker PepsiCo Inc said yesterday its second-quarter profits jumped 16 per cent, boosted by volume gains across all of its divisions. The maker of Pepsi soft drinks, Frito-Lay snack chips and Tropicana juices said net income
      Reuters  -  283 words
    • 627 25  -  G-8 MEETING They'll ask for slower and softer reforms to safeguard global economy From< Anthony Rowley in Tokyo AS leading stock markets and currencies around the world tremble in the wake of Federal Reserve chairman Alan Greenspan's admission this week that the US economic slowdown is
      AFP  -  627 words
    • 279 25 BRUSSELS Bloomberg ALLIANZ, Europe's No 2 insurer, yesterday won European Commission approval to buy Dresdner Bank, Germany's third-largest bank, for US$2O billion to create one of the world's five biggest money managers. The approval came after Allianz agreed to trim its stake in
      Bloomberg  -  279 words
    • 289 25 WASHINGTON Bloomberg THE US trade deficit shrank in May to a 16-month low as a sluggish economy reduced demand for imported goods ranging from semiconductors and machine tools to furniture and toys. The trade gap in goods and services narrowed to US$2B.3
      Bloomberg  -  289 words
    • LATE Briefs
      • 45 25 AP [FRANKFURT] The European Central Bank left its key interest rate unchanged yesterday, holding a hard line against inflation and stubbornly resisting calls to cut rates despite mounting worries that the European economy is slipping closer to recession. —AP
        AP  -  45 words
      • 39 25 Bloomberg [LONDON] Halifax Group pic and Bank of Scotland have been given the go-ahead by the UK government to pursue a planned US$l4 billion merger, the Department of Trade and Industry said. Bloomberg
        Bloomberg  -  39 words
      • 69 25 Bloomberg [WASHINGTON] The US index of leading economic indicators rose in June for the third straight month, suggesting the weak economy may start to improve by the end of the year, an industry survey showed. The Conference Board's index, a gauge of economic activity
        Bloomberg  -  69 words
      • 64 25 Reuters [LONDON] The London Stock Exchange voted yesterday to abandon limits on how much of it shareholders can own, paving the way for a full listing. Shares in the exchange will start trading on its own market today following a vote by LSE shareholders
        Reuters  -  64 words

  • 2623 23 BONDS AWARBAMTS Jul 19 w M M mtn 52-Veet La«t 1M Day UH*Mli km M ta* taar Mac Mta ■ft Lm M* ««r- rOOO) N# Lot toyw Mkr Na lilimWil mm Ww (%> —fcg left 39.5 27.5 s ASTIW*****1 28.5 unch 148 30 27.5 28.5 29.5 32 26.4
    2,623 words

  • 8267 24 jCMMBMP Gr Gr M Wt S2 WV List Vol Day Last Quote Div Mr VM MM Cap Avg High low Coif any Sate rOQD) Hi<» low 8«yr Sa«or Cw HI Prto MULTI-INDUSTRY 143 35 c Acma 50c <0 -0.5 172 40 39 39.5 40 0.5 19 9 0.6
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  • Page 24 Advertisements

  • Page 25 Advertisements
    • 793 25 IUti.MJIFELS Keppel FELS Energy Infrastructure Ltd (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2001 The Directors of Keppel FELS Energy Infrastructure Ltd advise the following unaudited results of the Company and of the Group for the half year ended 30 June
      793 words
    • 32 25 frMay-suntfay July 20 22 2001 ■MM HHEKEEB3HMZHHHHHHNM9H| I»* -J- €> tk I h Lianhe Zaobao Isoy sauce I makers I to relocate to I neighbouring I countries I £ft£Pft I ffillfiSS-SfeW I igail
      32 words

  • e News
    • 188 26 NEW YORK APPLE Computer unveiled faster iMac and PowerMac personal computers as the company seeks to increase sales amid slumping demand. Chief executive Steve Jobs, at the Mac World trade show in New York, introduced three iMac models with larger hard drives and
      AP  -  188 words
    • 396 26 TOKYO Five groups plan to spend 550b yen this year, a 43% fall from 963b yen a year ago Reuters JAPAN'S five chipmaking conglomerates will spend 20 per cent less on capital investment in semiconductors than they targeted at
      Reuters  -  396 words
    • 334 26 NEW YORK Reuters AT&T Corp on Wednesday rejected Comcast Corp's unsolicited bid to purchase its AT&T Broadband unit, saying the US$4O billion stock offer failed to reflect the full value of the No 1 US cabletelevision company and would put AT&T shareholders at
      Reuters  -  334 words
    • 188 26 Reuters [LOS ANGELES] Napster on Wednesday told users it would soon be launching a second-phase test of a new membership-charging service that would mark its return to the Internet after being shut down for weeks. "The beta version of the new
      Reuters  -  188 words
    • 313 26 WASHINGTON Reuters MICROSOFT Corp asked a US appeals court on Wednesday to re-examine its ruling that the company illegally "commingled" computer code of its Internet Explorer browser and the Windows operating system. The company said it filed the rehearing request with the appeals court
      Reuters  -  313 words
  • Page 26 Advertisements
    • 197 26 I W :fl|^l w3B«fafetflg&rfg»aEa^3CTraagg«P&J^HpWMWW^M^^MM^^^^^M HILI# HPS 11 I K Ih** i c m* -mm -yr^- 9 The Explosive Power of a large high energy core. Mi. 4 4^ v k Introducing the CBl™ soft two-piece distance ball from Callaway Golf. °if b v t* <? Main Showroom Tee To Green,
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  • Page 27 Advertisements
    • 117 27 nviQMNtfW 919 HO mIQp UMI1 |My> rWWHS VKJW o||jRtt9 wptrtft and pay lop (Mvtaf pmm of wWi yf k J*mM*mmt¥mmch*lmo**tomon*tombw* VlBIO mim MBWBk WV WUI»- 1 E"" JH I J§ m m y j m I 1 k2 > -vj .j?iM£fi f w jp^M^H > j£//# J** m*F iffi j^^B]
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    • 33 27 INSIDE Style Snazzy Space EL 3 d jt (°v Biz Woman Linda Locke: No longer the dragon lady EL 4 Fashion Pomellato's bold statements EL 6 Epicure Mango Tree: Subtle flavours EL 10
      33 words

  • EXECUTIVE Lifestyle
    • PERSPECTIVE
      • 700 28  - Bread Talk Get in touch with your inner bun '•'da the cuff Pork floss bans are all the rage now. Is it just another fad or do we have a deeper, parochial connection to it? jaime ee "RELAX." "I can't. Please let me have a bite." "You had one at
        700 words
      • 1173 28 COVER STORY BIRTHDAY parties used to be relatively casual jamborees. There would be a cake, the uncles would play ginrummy while the aunties cooked bee hoon, and the children would be oblivious to all of that, spending their afternoons trying to kill their cousins with their plastic light-sabres.
        1,173 words
      • 527 28 "PARTIES nowadays are getting fancier," says Vivien Goh, aka Sweetheart the Clown. Ms Goh rims her own company, Zephyhdom, which is cashing in on the growing demand for party entertainers. Ms Goh founded Zephyhdom at the tender age of 17 because as
        527 words
      • 485 28 REUBEN Tupaz is a veteran of kiddie birthday parties. As a former drama teacher at Julia Gabriel, a pre-nursery school, Mr Tupaz was invited to many birthday parties and found that the kids spent way too much time hopping around. "The parents would hire these
        485 words
    • STYLE
      • Article, Illustration
        1354 29  -  The Aussie retailer has just set up a giant showroom in Singapore. Founder Kevin Jarrett talks to oobimiib berk about his business strategy CORINNE KERK SO, who is Kevin Jarrett? How on earth did this man from Down Under manage to snare a long list of international designer
        RUSSELL WONG  -  1,354 words
    • BIZ WOMAN
      • 1385 30  -  Motherhood has certainly mellowed advertising guru Linda Locke. She tells gobmme berk why she's not the aggressive lady she used to be CORINNE KERK AH, Linda Locke. The woman once known in advertising circles as a fine example of the Fierce Woman Boss, the Dragon
        1,385 words
    • CINEMA
      • 550 31  -  The storyline in 'Jurassic Park lII' offers nothing new bat the animation is pretty amazing By Parvathi Nayar THANKS to some really cool movies in town Moulin Rouge, Memento, Requiem for a Dream you're walking around in a dysfunctional but happy daze.
        550 words
      • 594 31  -  Awesome graphics in 'Final Fantasy: The Spirits Within' help make np for the paper-thin storyline By\ Susan Tsang FINAL Fantasy: The Spirits Within is reputed to have cost Square Co US$l4O million to make, and visually, it is worth every cent paid
        594 words
      • 513 31  -  TELEVISION By' Tan Hwee Hwee Ah Girl is TV Works' first and virgin sitcom, fronted by a rather un-virginal protagonist. Maggie's an exuberant Ah Lian who's had 49 boyfriends. She wears garish clothes, sports gravity-defy-ing pony-tails and has a furry handphone holder that looks
        513 words
      • Article, Illustration
        1261 31  -  By Susan Tsang THE box office monsters are bound to be Final Fantasy and Jurassic Park 111, where the visual effects are stunning, but the story-telling is wanting. For both films. However, Bridget Jones' Diary sneaks this weekend. This adaptation of Helen Fielding's novel should please the more
        1,261 words
      • 100 31 Cathay Causeway Point *****88 Orchard 732 5874 Cathay Movie Line 235 1155 B119 Wah Empress 777 5867 Jubilee *****40 Suntec 836 9074 Sun Plaza 753 1047 Toa Payoh 251 1370 West Mall 898 9230 QoMm Village 24-hr easy booking: 1900-912-1234 Bishan Boon Lay Eastpoint Grand Marina Plaza
        100 words
    • FASHION
      • 923 32  -  The Milan-based jeweller's pieces are chunky yet tasteful. corxnne kerh takes a look CORINNE KERK A LONG the label-lined corridors of the Hilton Hotel Shopping Gallery, you can walk right past a small shop facing Bvlgari, without really noticing the colourful jewellery on display. Maybe it's because
        923 words
    • HEALTH
      • 785 33  -  Just carry out a DIY test to confirm. Diagnostic kits for this and other serious illnesses are now available off the shelf, reports (WMH ui-hook CHEAH UI-HOON SO you've had chest pains on and off for a few days now, and experienced shortness of breath as
        785 words
      • 878 33  -  It's important for carriers to go for regular blood tests as the immane system may react to the virus By: Melissa Sim ARE there symptoms? Not necessarily. Can it be deadly? Most definitely. Hepatitis B is a quiet but lethal viral disease
        878 words
    • golf links
      • 1310 34  -  You may think a Sunday round of golf is a relaxing way to spend the weekend. But the truth is, you can hurt yourself if you're not careful. Osteopath toacet jokes explains THACEY JONES GOLF is remarkable among sports in that a wide age group
        AFP  -  1,310 words
      • 185 34 SOME common injuries which golfers visit osteopaths for are: Neck problems Left shoulder and arm pain in right-handed golfers Lower back pain Hip strains Wrist strains To prevent possible injury, golfers are advised to: Do active stretching and warm-up exercises first Undergo general fitness improvement Stabilise the spine
        185 words
      • 698 34 Reuters [LYTHAM ST ANNES, England] In the absence of much golf all the talk was of the weather at Royal Lytham on Wednesday as the anemometer threatened to replace the putter as the most important club in the bag. A day before
        Reuters  -  698 words
    • EPICURE
      • 642 36  -  Mango Tree surprises pakvathi natar with its understated Indian decor and cuisine PARVATHI NAYAR Preconceptions about dining out, Indian style? Well, be prepared for a few surprises then at the Mango Tree restaurant on the East Coast. Visuals first and a decor that's a restrained flavour of the
        ARTHUR LEE  -  642 words
      • 404 36  -  RESTAURANT It's easy to feel as stuffed as a pinata sampling the staggering spread at the Shangri-La buffet By 1 Tan Hwee Hwee CRAVING for some Catalan cuisine? From July 15 to July 29, Latin lovers can satetdown to the Shangri-La to enjoy the full flavours of
        404 words
      • 948 36  -  WINE CONNOISSEUR By N K Yong WE arrived in Penafiel (Ribera del Duero) in the late afternoon of June 7 after a long six-hour drive from Bordeaux. The roads were good but be careful of speed traps. We got caught and fined on the spot
        948 words
  • Page 28 Advertisements
    • 80 28 B V LG A R I HI Th e Rett ango I <> C/i ron o wat c h Singapore Hilton Hotel Taknsh i m a y a I) epa r t m ent Sto re Cort i n a Wat eh Centre I) ick so n \V at eh
      80 words

  • Page 29 Advertisements
    • 97 29 i Vorsprung durch Technik www.audi.com.sg Audi T mI transmission by Audi. Superb road-holding with Audi quattro®. I 8 Ultimate active driving safety with the latest generation ESP with y* jM 1 HpV w brake assist. Four-star safety rating in renowned Euro NCAP safety test. J The new Audi A 4,
      97 words

  • Page 30 Advertisements
    • 193 30 Where to wine, dine and entertain..."""? Never Say Never on A Sunday Sunday Lunch with Dim Sum At The Marriott Make your Sunday with unlimited complimentary prosecco accompanied by our celebrated international cuisine. Dim Sum, Assorted Sushi, Baked Salmon, Roast Sirloin of Beef and much much more. f Adults: $60+++
      193 words
    • 135 30 Don 7 depend on luck. Advertise in inc. Dine Entertain of The Business Times and reach out to 117.1 MM) readers dail\. Contact Ma\ Chan "Mil 1134 or Icrt vi Ou.ik "40 12*>" now. Lap up the romantic and sensuous comfort of dining by the pool. Our musicians will serenade
      135 words
    • 157 30 Relax and enjoy a long lunch with a wide variety of Oriental and Western dishes as well as tempting desserts. Served every Saturday and Sunday, from 12 noon to 4.30pm at $24 per adult and 40% less for children. For reservations, please call 432 5567 Prices subject to semce charge
      157 words
    • 85 30 hrm niche. Wine, Dine Entertain of The Business Times Contact May Chan 740 1134 or Teresa Quale 740 1275 now. HBMfIHfIUNMIHHHMHIHIBfIBMHHI Sl7+++ for Antipasto Buffet only Sas-M-f for Antipasto Buffet choice of pizza or pasta Sunday Brunch $4s++* with free flow of Soft Drinks S6o+++ with free flow of Veuve
      85 words
    • 72 30 w pBB MKKmtVL COURT DINING At Pine Court Chinese Restaurant LUNCH 12 noon 2.30pm DINNER 6.30pm 10.30pm Reservations 831 -6262 SSJES yjftfaa. 333 Orchard Road. Singapore *****7 a Tel: 737 4411 Fax: 732 2361 Ehmmh edwahdh Enjoy real jazz every night (except Sunday*) from 18 April 2001 at tlie Somerset'*
      72 words
  • Page 30 Miscellaneous
    • 308 30 CRYPTIC CROSSWORD ACROSS 4 Top journalist made painter re- TWO ft. a city in Africa 5 saa 5 ,0 981 6 SJST succass, ha still 9 Unrestrained rage restricts a to old representative (7) 7 °J v n r g ne s address t0 old 10 goteintendedtoaccommodate Q t0 stew
      308 words

  • Page 31 Advertisements
    • 92 31 Srtrar w M Pdm Bift Lunch E\*ry Friday, Saturday and Sunday till 16th September, you can savour a mouth-watering Nasi Padang Buffet, specialty prepared by our renamedfrom Indonesia....PxhriNonas,Sop Buntut, Ayam I Bumbu Boh, Ikon Sumbat Loda, Daging Rendang and lots more. 1 w wtfo Kpijifefi ~«w Mi«BT, jftw' M JfIHP
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  • Page 32 Advertisements
    • 83 32 The Forbes Global CEOs wouldn't settle for anything less. And with an opportunity such as this, you won't have to either. Motors .Jff^ MBMBMBWMMBMHMMBiiMWIMMMIWBMiiMMM <9 Performance Motors bmrted Performance Centre. 315 Alexandra Road Tel 474 7800 Mon-Fr, 9am-7pm Sat 9am-6pm Son 4 Public HolKlays 10am-Spm S»ne Darby Centre. 896 Duneam
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  • Page 33 Advertisements
    • 117 33 www.emlratesdss.com A refreshing stopover in Dubai from only jjF I 1 JT mEEi mm S Emfrafc— offer* you Dubai Summer Surprises. i" Dubai from only US$27 per person, J .;^Th^^gha accommodation, meetandptetservice •w' "Dubai Summer even more Yet another surprise from the award-winning airline. x 1 Find out more at
      117 words

  • Page 34 Advertisements
    • 32 34 En)o>interest H U Pay By 12 Monthly Instalments When You Charge A Minimum Of $120 To UOB Visa Or UOB MasterCard at WORLD OF GOLF. *Conditions Apply. Check Stores For More Details.
      32 words

  • Page 35 Advertisements
    • 1067 35 I ,AEg#;: J *T- imHifr SMw^Vt HHH I Tr^^str National Golf Foundation Instructor I at Level 4, Sports Department, Takashimaya Department Store flHr^^^dfiir fcaiy .4 '?i 30 top international brands represented with full concepts in 5000 square feet of pure golfing pleasure. I Com* taflr to our Japanese Golf Professional
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  • Page 36 Advertisements
    • 228 36 KEEP AN EYE ON THE HPJBNHT '4M3BP£* 1 «WS»seF HH .1. @Mg&; f/ES9HK 1 a^NQH^^I Entertain at only $35 nett per person for free flow of South African wines and finger food. Call us at 276 9170 to find out more about our party packages. i oEWa^ij® MrniLA singakw W
      228 words

  • SHIPPING TIMES
    • 287 37 Reuters THE Baltic Dry Index (BDI) dropped 23 points to 1,190, the Baltic Panamax Index (BPI) shed 15 to 1,245, the Baltic Handymax Index (BHI) was down 24 to 8,487 and the Baltic Capes ize Index (BCI) down 51 points to 1,380. TUUS-GRARTBRi ♦Pasquale Delia Gatta 1996 *****
      Reuters  -  287 words
    • 296 37 sex noo jtf *b W CWT Distribution. OJO until 20 Chuan Hup 0.33 until 00 Cosco Investment 0.22 0.01 841 Freight Links 0.08 until 60 CB Holdings 0.51 until 0 IMC Holdiogs-HK 5.60 until 0 Jaya Holdings 0.16 0.01 53 KeppetCorp 3.62 until 903 KeppelFELS 1.09 0.01 506
      296 words
    • 526 37  -  Jriexclusive Shipping lines now increasingly seeking to be able to control terminal operations themselves: UN official By Donald Urquhart [SINGAPORE] PSA Corporation risks losing customers in the coming years if it continues to insist on total management control of
      526 words
    • 209 37  -  Byl Beth Jinks [SINGAPORE] Details of the region's biggest annual shipping event, Asia Pacific Maritime 2001 (APM), were officially unveiled in Singapore yesterday. The seventh SingaPort renamed for this year's event from Sept 5-7 will include two concurrent conferences, Ports and Shipping
      209 words
    • 185 37 Xinhua [QINGDAO] The output value of China's marine industry has hit 400 billion yuan (SsBB billion), or 5 per cent of the country's gross product value, according to Jiang Chengsong, the Minister of the Land and Resources. Speaking at an international forum
      Xinhua  -  185 words
    • 146 37 Bloomberg [LONDON] Peninsular Oriental Steam Navigation Co (P&O), the UK's biggest shipping company, said cargo volume handled by its ports and logistics businesses rose in the second quarter, while its ferry business slowed. Cargo volume at the ports unit rose 18 per cent
      Bloomberg  -  146 words
    • 136 37 Reuters [TOKYO] Ship export contracts concluded by Japanese shipyards in June rose 68.8 per cent from a year earlier to about 1.36 million gross registered tonnes (grt), or 27 vessels, the Japan Ship Exporters Association said. Of the 27, three were freighters, 10 were
      Reuters  -  136 words
    • 449 37 European govts most resume aid to their shipbuilders first Bloomberg [BRUSSELS] The European Commission will not file an international trade complaint about South Korea's aid to its shipbuilders until European governments agree to resume subsidies to their own shipbuilders, Trade Commissioner Pascal
      Bloomberg  -  449 words
    • SHIPPING news
      • 736 38  -  i<*ata«M MMMMM II iKmiKiil 111 IWMMrMIW ADMIRALTY CASEBOOK By\ Selva Kumar THE owners of a vessel that was on a timecharter have convinced an English court that they are not liable for excess fuel consumed by the vessel as the fuel
        736 words
      • 116 38 [SINGAPORE] Twenty-six passenger ships will be deployed as floating hotels in the port of Genoa, Italy, for the G-8 summit which starts today. The ships will be used to accommodate the international delegations, press and security corps. The unprecedented concentration of ships in Genoa's harbour
        AFP  -  116 words
    • 272 38 PAGE Ahrenkiel 10 Appenship 5 Assets 5 Austral 6 Avant 10 B'tang Mas 6 BSA 7 BTL 10 Balaji 4 Batamindo 9 Bayswater 10 CCNI 7 CMACGM 3 COSCO 3 Central Ex 6 Chahaya 10 China Shpq 5 Confer 10 Colony Log 5 t Cougar 7 CWT
      272 words
    • 10596 44 thebusinesstimes Pages EXPORT FRIDAY, JULY 20, 200 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 27/07 to/08 MOL P&O NED SANTIAGO 9101A 65-*****86 29/07 05/09 Setramar VILLE DE MIMOSA 386W 65-*****33 30/07 02/09 Kien Hung ELIZABETH RICKMERS EZW3S
      10,596 words
    • SHIPS IN PORT
      • 788 47 Vessel Voy No Berth Arrival Departure Soc Cioricor 78 *n? 19/07/525 19/07/190) Ig Johor» V2T12r J08 19/07/870 20/07/6:30 Sandidewa M 74 JOS 19/07/7:40 20/07/8:00 Winstar 8 067S01 J03 19/07/710 19/07/22:00 Budi6ahari2 8213a JT8 19/07/8:00 19/07/23^0 Terang 18 E1T74 J02 19/07/9:15 19/07/16:00 K 303 07-Frt J04 19/07/10:45 19/07/15^0 £f
        788 words
      • 2003 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Pfflod From To From AC* EACLE 0128 20/16:00 W WHOO W1659 W1900 2A 18/1700 N/0659 19/0900 21 18/1700 19/0659 19/0900 J 19/0700 19/1159 19/1400 4 19/1200 N/M59 19/1700 ACX UlY 0468 2V15:00 It WHOO
        2,003 words
      • 195 47 AdgrM Japan: Marine Day July 21 Belgium: National Day August 1 Switzerland: National Day An|ut 0 Singapore: National Day South Africa: National Women's Day Angut 12 Thailand: HM The Queen's Birthday August IB South Korea: Liberation Day Switzerland: Assumption Day Spain: Assumption Day Belgium: Assumption Day France: Assumption
        195 words
      • 799 47 THIS report, compiled by Cockett Marine 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 individual
        799 words
      • 562 47 Carton 180 Max 990.5 0.2 1S.6 0.06 31 0.04 Jul 12 Density Water Residue Alt Aluminium Siimt No abOM £25 0 0 10 0 TTTT 380 AM 984.7 0.2 U.2 0.06 22 0.02 ui, 380 Max 9912 0.7 18.3 0.11 SO 0.09 u/trj m/m mt —tax
        562 words
    • AIR & LAND transport
      • 484 48 EC imposes 52.51 m euro fine for secret market-sharing deal which keeps ont competition Bloomberg [BRUSSELS] Scandinavian Airlines System and its Danish rival Maersk Air have been fined 52.51 million euros (5582.44 million) by the European Commission for a mar-ket-sharing agreement that
        Bloomberg; FILE PHOTOS  -  484 words
      • 253 48  -  By\ Donald Urquhart [SINGAPORE] The costs to Cathay Pacific Airways from the ongoing industrial action by its pilots will be lower than market expectations, according to its chairman James Hughes-Hallett. Mr Hughes-Hallett said the costs resulting from the action by the pilots
        253 words
      • 127 48 Bloomberg [SHANGHAI] Hainan Airlines Co, in which US financier George Soros is the largest shareholder, said it plans to raise a total of US$3Ol million by selling more shares to finance aircraft purchases and airport construction. Haikou, southern Chinabased Hainan Air said in
        Bloomberg  -  127 words
      • 304 48 Bloomberg [LONDON] London Underground Ltd, which operates the city's subway, gained a court order to stop London Transport Commissioner Bob Kiley from publicising a report on whether a government plan for the network is economical. The report on the plan
        Bloomberg  -  304 words
      • 102 48  -  MAlLirm Corrine Daniels, via Internet I REFER to your report, "Aussie PM vows to protect Qantas interests" by Beth Jinks (BT, June 21). I sincerely wish that SLA can succeed in buying Air New Zealand. It is for the interest of the
        102 words
      • 330 48 Agreement will take effect on Jnly 1, 2002, says report Reuters [HANOI] Communist Vietnam's national flag carrier Vietnam Airlines and AMR Corp's American Airlines were scheduled to sign a codesharing agreement yesterday, Vietnam's official media reported. The Thanh Nien (Young People) newspaper said
        Reuters  -  330 words
      • 489 48 Cost cuts, strong sales of aerospace equipment gave boost Bloomberg [HARTFORD, Connecticut] United Technologies Corp, maker of Pratt Whitney jet engines and Otis elevators, said second-quarter profit rose 16 per cent, because of cost cutting and strong sales of
        Bloomberg  -  489 words
      • 1859 48 err mow tw awn w MMh M02Z9 2230 LH6380 2230 WW 2230 Mrti HQ 0t» BIX 2235 CA975 1035 $0328 232S —g was 11 Wl N242M 2045 IH6986 2020 SO 286 2045 N224 2020 S***** 2020 N***** 2045 mm »b ■ami mm ows <rm ons MipijfM
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  • Page 37 Advertisements
    • 28 37 Admiralty Casebook: Shipowner not liable for excess fuel used by vessel Pg2 SAS, Maersk Air fined for breaking antitrust rules BackPg Hainan Air to buy new planes BackPg
      28 words
    • 430 37 PEOPLE r TT1 BpBj Koh Boon Hwee J A Jet Aviation V has taken over as Singapore has fl| chairmanof flflPj appointed Singapore Airlines Geoffrey S from Michael Fam. Hopkins as its Dr Fam stepped L jiUH new vice- 1 w Saturday and Onager. Mr himself for re- IHHH I
      430 words

  • Page 38 Advertisements
    • 820 38 I TO USA/CANADA 1 I EXPORT I I OTHER DESTINATIONS ~~1 Ivtssa I vov 1 KG I ETA SB! LONG BttO<| DALLAS [HOUSTON IttMPMS IoBCAGQ [NEW YORK I TO AUSTHAUA (AUSTRALIA ASIA EXPRESS) OOCUNEW YORK 15E29 17/07 '8/07 I 03/08 07/08 08/08 08/08 08/08 11/08 VKSa VOY KG IETASM I
      820 words
    • 722 38 Lines services represented by Members of (be Registry of pw Accredited Shipping Agents, y Singapore Shipping Association Members of the '•VJiMj. Singapore Logistics Association CONTAINERS/ CONVENTIONAL CARGO WtT UAN6 SMGAraRE JMMTA I MNGKOK VDY ETAPKL ETA SIN ETAMALE Empress Uh Ml 84*7 JV»7 O£DK PrtarwsLOy MM 11/K IMN U/W LIU
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  • Page 39 Advertisements
    • 1404 39 TO EUROPE FROM EUROPE VfSSEL VOY SIN RTM ANR HAM WV SOU LEH |vESSEL VOY RTM ANR HAM BRV SOU IfH SIN API INDONESIA 101W 22/07 11/08 09/01 13/08 HY FORTUNE 302E 130/06 02/07 04/07 28/06 22/07 HY GENERAL 332W 23/07 09/08 11/08 14/08 08/08 MOLKTEGRfTY 001E 03/07 05/07 07/07
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    • 2412 39 TO ADEN T/T s 10 DAYS JEDDAN T/T: 12 DAYS W AQABA T/T t IS DAYS > d GENERAL AGENTS IN SINGAPORE: 80 ROWNSON RD #12-00 SAUS/BKGS TEL: *****57/43 FAX: *****21/71 MALAYSIA OFFICE PASIR GUDANG TEL: 07-*****66 FAX: 07-*****70 COSTAD SHIPPING PTE LTD SINGAPORE *****8 OUTWARD (B/l) *****02 *****25/75 PORT
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  • Page 40 Advertisements
    • 1244 40 SENATOR LINES TP EUROPE TP MIDDLE EAST/IRAN/REP SEA VtSStL VOT SIM UH II IM HI! Wf M VKSB VOT HN PI Pit HP W PUNJAI SENATOR 0017W 10.07 27.07 29.07 30.07 31.07 01.0* 02.00 A 1 FARAHHX 0015W 14.07 21.07 24.07 2107 29.07 TUAKTfSIA 0004W 13.07 04.00 OS.OI 02.01 03.01
      1,244 words
    • 843 40 m. A.U MAC-NELS STOnc M'SIA Carrion MN COUTH LINES, INC p. guoang: (07)*****26 I CmWkIMBTIOtQei ttBU: (084)*****9 MANILA: (632) *****24 W V PENANG: (04) *****36 BANGKOK: (182) *****67 SURABAYA: (31) *****11 P. KELANGh (03) *****77 JKVi (21) *****46 KUPRNG (062) *****1-3 NEW YORK PIRAEUS MV "KAGA" V.80E29 MV "CONTSHIP OPTIMISM"
      843 words
    • 478 40 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO: COLOMBO NHAVA SHEVA (CPS MULUNO, MUMBAI) ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICO POINTS VESSEL WUK VOT ISTOtfIaHOMBOiIL SWVAI CONMCTM6 IcONNKTmT VajßA VSL-BHOPI PUB OIK 73JUI 78 JUL 07 AUG INDAMEX UNVGUDHI WASHIWGTOW VII3I ¥55 ItAZIUAN EXPRESS 002W 30 JUL 04 AUG 08
      478 words

  • Page 41 Advertisements
    • 1328 41 A Great WAY DUBAI PERSIAN GULF WITH IRISL AGENT IN SINGAPORE AGENT IN MALAYSIA AGENT IN INDONESIA SINOSE MARITIME PTE LTD CR NO: **********0H BOUSTEAD SHIPPING AGENCIES SDN. BHD. PT. SINOSE CONTI PERSADA TEL *****44 FAX: *****81 KL TEL: 03-*****300 FAX: 03-*****682 TEL: 62-21-*****33 IRISL REP DIRECT TEL: *****38 PEN
      1,328 words
    • 424 41 A |f=TT>I k Zl YUN SHAN RDM/ATW/BMN/UK/LPL I NAZLIG RDM/ATW/BMNAJK/LPL I Loads Singapore. EVW Malaysia Indonesia J Loving for KOUROS V DBVABU/DOH/BRWDMM/KWT BALAJI VINTAGE JDH/AQA RAINIER DBI/ABU/DOH/BRN/DMM/KWT PISCES EXPLORER JDH/AQA/DMT AEGEAN SEA DBVABU/DOH/BRN^DMM/KWT AL QAWIYYU JDH/AQA •Loads Singapore, E7W. Malaysia. Indonesia I Loading for 1 BEATANAVAS CAM/NFK/SAV/NOL I GEM OF
      424 words
    • 1378 41 HONGKONG/ SHANGHAI/ XWIGANG/ QINGPAO BANGKOK/BAP TA PHUT/UM CHABANG VESSEL VOY SIN HRCG SWA I XGG 1 TAP VKjtt Mtt -J* JHL BE ISM— ITHAIHUM NOI7 23/07 28/07 31/07 03/06 04/08 SgmiM MAN 77/07 7S/07 JITIA BHUM NOIB 30/07 04/08 07/08 10/08 13/08 SHIMANAMI S3E 23/07 78/07 27/07 KAMA IHUM NOH
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  • Page 42 Advertisements
    • 1273 42 EUROPE/UK/SCAND4NAVIA EXPORT ZZZZ VBSB/VOWg sgp I WV IJUSODIMOKt 0104-005W 22/07 09/08 H/M IMB j~~ E.DMNEO947RWOI6 7W 10/08 11/tB 13/08 15/08 IMB JIiaUOIOSOIW 29/D7 IMB IMB 19/TJB LCBBffOWHW))9 30A17 17/W 11MB I 20/06 22/08 2MB CAST AND WEST MEDITERRANEAN/BLACK SEA EXPORT VISSa/VOYAGE I SGP I TRA GNA FOS KM I VLC
      1,273 words
    • 658 42 ■Rwr SINGAPORE PTE LTD J 15 McCallum Street #03-01/02 Natwest Centre Singapore *****5 Tel: (65) *****73 Fax: (65) *****66 Email: general@ecusin.eculine.net Website: http://www.eculine.net Johore Bahru Office-Tel: (07) *****18 Fax: (07) *****62 ALL DIRECT SERVICES TO THE FOLLOWING PORTS MIAMI NEW YORK SEATTLE 'HOUSTON CHICAGO LOS ANGELES NO WEIGHT CONSTRAINT (RATIO
      658 words
    • 509 42 f^BSSS INDONESIA NATIONAL LINE TO AUSTRALIA I FULL CONTAINER SERVICE va pug aw re w sip a hb w NYKnm 105 17/07 U/07 24/07 30/07 01/01 04/00 POND WHAM liT a/07 24/07 03/00 05/08 07/00 TO/OS virvonr ~in »/07 31/07 ot/00 12/00 m/m \i/n~ ranMM 12s at/o> 07/00 17/0119/00 21/00
      509 words

  • Page 43 Advertisements
    • 426 43 BSA J. M MYANMA pBBk FIVE STAR LINE (Myonmor Notional Line) Loading for Yangon VESSEL VOY SIN PRL PIN PGU MONG LA 45W SID HPA-AH 289W SU> MALAYSIA AGENTS: ROUSTIAD SHIPPING AGENCIES KUL Ttl 03-*****300 PKL TEL 03-*****101 PIN: TEL 04-*****07 PGU: TEL 07-*****21/4 BANK LINE (A service of Andrew
      426 words
    • 1240 43 HMMO HYUN^A^JERCHANTJWARINECOj^WD^^^^^^^ IVKSB VOY gn SOU I ta I RIM I ANT I HAM I BRV IVESSB I VOY I SOU I UH I RTW 1 ANT I HAA IWVI SU MOLRHK S4IW 20/07 10/06 11/06 05/06 07/06 APLMDONESIA 101W 22/07 13/06 11/06 09/06 X 242 21/2J acmt X HYGENERAL
      1,240 words
    • 1040 43 vOOv WALLENIUS WILHELMSEN TO NORTH AND UTIN AMERICA 'CAR RORO HEAVYUFT SERVICE" IVtSStL VOT RAMP HEIGHT SIN UC MAO MIA SAV lAL ORF NYC I NEW I MQB 1 TOURCOMG AHIIS 4001«b 6JM 29/07 03/09 06/09 08/09 10/09 11/09 13/09 17/09 19/09 TAPKHA AH 116 4001«B 6.3* 12/08 19/09 22/09
      1,040 words


  • Page 45 Advertisements
    • 783 45 lAL LOGISTICS (S) PTE LTD BSESHHHH 80 Robinson Road #22-01 A Singapore *****8 KTiT/01 I |T^B MUR SHIPPING INDIAN OCEAN ISLANDS/SOUTH AFRICA Vtssa TWU KK MIRI TGM SIN PK MTS REUNION DtN tt Pt CT EXPRESS POMS VOY 012 SAJLH) SAAB SAlfl) SAID 11/07 27/07 30/07 31/07 01/ M MUR
      783 words
    • 272 45 M ENG LEE SHIPPING CO PTE LTD I lei: *****22 (10 Uwm) Fu: *****31/*****60 I I CRNe: IM2tt—oo»C I VESSEL VOT SIN ETA SM ETD DESTINATION Ungul Joyo 07/01 23/07 24/07 PRW/TO Smor Central 10/01 24/07 25/07 fomai/Pefowong Gondo 2 04/01 24/07 25/07 JKT Linen Star 8 08/0)1 25/07 25/07
      272 words

  • Page 46 Advertisements
    • 605 46 |H|hH| IVESSE^^^VO^^SIJ^^MA^^SIJ^I CAPECHARLES 13N/01 19-19/07 23-28/07 I TIGER BRIDGE 904N 20-21/07 27-31/07 05-06/08 I TIGER METRO 906N 21-22/07 27-30/07 04 04/08 I TIGER RHYTHM 907N 24-25/07 31 03/08 08-09/08 I MILDBURG 12N/01 29-30/07 04-07/08 12-12/08 I TIGER SPEED 909N 01-02/08 07-10/08 15-16/08 IVESSE^^^VO^^SIJ^^CA^^SIJ^^ XPRESS SPORE 320 18-19/07 25-27/07 04-05/08 I
      605 words
    • 888 46 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 Tel: *****11 Fax: *****77 E-mail: flesin@singnet.com.sg Introducing Valencia MEDITERRANEAN Istanbul BARCELONA DIRECT SERVICE ALEXANDRIA GENOA Booking 267# 5565/4694/5535/5539/5541/5553/5569/5579/5562/5563 PROJECT SHIPMENT HEAVYUFT CARGO (CONVENTIONAL RORO) lawrttof lim -*****71, H/P: *****977 luwumeMeifcuwim LOGISTICS WAREHOUSING SERVICES ENQUIRY
      888 words
    • 1167 46 warn |pi OPERATOR CODE: PO i nm I |l\ |Fg CR HO: *****M0000C Website /f MS rm MM i I 111 m MAIN: TEL-02-221-1333 FAX: *****-5272 MMM mm CUSTOMS) SERVICE: TEL 02-221-5596 FAX: 02-227-8190 SINGAPORE: TONG WO SHIPPING PTE LTD Em* bootegs@tp.aw.sg GIHUAT 21(7 20/07 SHINUNE 1 2112 23/07 GISWEE
      1,167 words

  • Page 47 Miscellaneous
    • 120 47 Issued by Ifeteorolog^ K Thunderstorm jL Showers Y, Ram Temperature °Cq Wind direction and speed in knots Weather I Cloudy Day c><3 Hazy Sea Conditions Wind speed symbols rv g| <1 2m O Full circle w/o line indicates calm or light and variable winds -i—.One hall fleche represents 5 knots
      120 words

  • Page 48 Advertisements
    • 97 48 L Seeking senior position with International Traders j or Shipowners. More than 20 yrs experience in: 1 f Int'l trading of steel,lron ore and metcoke; 1 I Trade financing and back-to-back L/C 4 L Ship chartering and operation J P Able to initiate handymax tramper services 1 1 Am a
      97 words