The Business Times, 27 July 2001
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2001-07-27
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The Business Times
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Title Section16 2001-07-27 1 THE BUSINESS TIMES MITA (P) 107/03/2001 Internet: httn;//L>usiness-times.asial .com.sg/ SIN GAPORE FRIDAY, JULY 27, 2001 85c16 words
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Article78 2001-07-27 1 sn yasM (+6.85) BT-SRI 629J6 (+5.32) ST INDEX POTTOES *****0 (+3.00) SOISCIFUTURES 1I&36 (+0.05) STOCK MABKET INDICES Thursday Change KLSE COMP ***** -098 NIKKEI 226 *****J6 -lite HANG SENG 12.0W.82 -***** SET INDEX 30U3 -177 JAKARTA COMP —***** 491 MANILA COMP —*****8 -141 TAIPEI WPI 4,100.41—+164.02 SEOUL COMP78 words
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Article85 2001-07-27 1 FOREX RATES us$ s$ USS (SS per USS) L801 £(l'SS/SS per 1.429 1578 El"RO(USS/SS/E) 0.882 1588 DM 1218 1231 YEN" 1212 68.40 RM 3.800 2.110 HKS 7.800 1331 BAHT 45.61 2652 RUPIAH 9,925 5,511 ViS to 100 units ViStolOO units W iW W»»W PRIME BATES SINGAPORE* 6.80 KUALA LL'MPUR85 words
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Article, Illustration579 2001-07-27 1 Siow Li Sen - WeeChoYaw concedes possibility, due to significant duplication By Siow Li Sen [SINGAPORE] A successful takeover by United Overseas Bank of Overseas Union Bank could result in 2,000 staff being axed because the two banks' operations have significant duplication. Although UOB chairman Wee579 words
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Article, Illustration567 2001-07-27 1 Conrad Raj - Writ served in row over tax provision in compensation By Conrad Raj [SINGAPORE] The Infocomm Development Authority of Singapore (IDA) and Singapore Telecom have rolled up their sleeves for a potential court battle over $388 million the telco regulator wants Sing Tel567 words
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Article252 2001-07-27 1 He had upheld 18-month graft sentence on Suharto's son AFP [JAKARTA] An Indonesian Supreme Court judge who upheld an 18-month jail sentence for graft on the youngest son of former president Suharto was shot dead here yesterday, a hospital official said. "Mr Karta wasAFP - 252 words
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569 2001-07-27 1 Conrad Raj - Parties involved not named; CAD criminal probe still going on By Conrad Raj [SINGAPORE] The Singapore Exchange has finally declared formally the shares of land reclamation firm Links Island Holdings were cornered before their trading suspension on Aug 16 last year. However, SGX569 words
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Advertisement62 2001-07-27 1 inside Top Stories Maybank to make 2nd attempt for QFB licence: chairman. Pg 3 Alcatel posts 77% drop in Q2 profit. Pg 14 Bigger-than-expected fall in US durable goods orders in June. Pg 14 JTC to bring forward by 12 mths $267 m worth of infrastructure jobs. Pg 6 Exec62 words
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Advertisement163 2001-07-27 1 Electronics output executive lifestyle down 26% in June HamzahHaz i.. What's wrong «Eye on the Economy, Page 8 elected Indonesia's ''J Ai WjtM WOHieil Capita Land sets up fund ,Ce preSldent A *W\ looking their age? with German partner a/ *Nfltf I r j Jaime Ee, EL 2 Page 5163 words
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ON THE grapevine
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Article133 2001-07-27 2 AS the takeover battles in the banking sector reach a climax, the stress seems to be getting to the investment bankers involved. Usually smooth operators, some of them are beginning to show their rough edges. Of course, they don't have it easy; they need to get the133 words
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Article125 2001-07-27 2 IF you're looking for Christmas cards, whether of the electronics or the usual sort, try getting them from "These Abled People", which supports paintings of artists with disabilities. Call 256-2726 to place your order. The number is manned by the Singapore Association of the Visually Handicapped125 words
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508 2001-07-27 2 Siow Li Sen - Shareholders praise him for OUB bid and approve resolutions on sew shares and higher authorised 'fiptfil By 1 Siow Li Sen [SINGAPORE] It was vintage Wee Cho Yaw as, <me by one, United Overseas Bank shareholders paid tribute to the veteran508 words
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Article, Illustration659 2001-07-27 2 Shoeb Kagda - Investors cheer well-managed transfer of power, absence of violence From Shoeb Kagda in Jakarta INDONESIA yesterday capped an astonishing week of a largely peaceful transfer of power with the election of conservative Muslim leader Hamzah Haz as the country's new vice-president. The 61-year-old Mr Hamzah,AFP - 659 words
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Advertisement494 2001-07-27 2 KPMGSeminarSeries Statement of Accounting Standard fly j"p I Financial Instalments Recognition and i rJi 1 ji 1 Tuesday, 21 August 2001,9.00 am to 5.00pm jl Grand Hyatt Hotel Singapore I \*r **********00^ What. t Statement of Accounting Standard No 33 establishes, for the first time, accounting and reporting standards for494 words
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Advertisement75 2001-07-27 2 Sincc 1975 our worldwide staff of over 275 multi-disciplined professionals Dr V W V including lawyers, chartered accountants i S chartered secretaries and bankers have i k provided confidential and cost effective company formation in all the major low Wl B tax areas including fw "'I Incorporation Fees from USSSOO75 words
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Advertisement65 2001-07-27 2 f This is one fish story that doesnt exaggerate. It shows you how changing your attitude lets you enjoy your work and your life. Hook into it, it's quite a catch Spencer Johnson, author of Who Moved My Cheese A powerful book that will help you boost morale and improve65 words
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Advertisement141 2001-07-27 3 Beam >p*» jJ Ml n i; in^Hf "**o »y ;^H 3s%S* -£&ia <**S WKIiH aw* I V >OTw 'Jr jPi jiMf I Hb <V;*- 0.. \4 TMRfi- v 11 yi > T<ay Ping Hui, WsjXM y MediaCorp Studios Artiste. V %K, w V I Why? Because easy to use. who141 words
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SINGAPORE companies
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Article, Illustration618 2001-07-27 3 Angela Tan - It's vying for one of remaining 2 licences after its Ist bid failed in 1999 By. Angela Tan MALAYAN Banking (Maybank) will be applying for one of the two remaining qualifying full bank (QFB) licences up for grabs this year, after failingARTHUR LEE - 618 words
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COMPANY RESULTS
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Article182 2001-07-27 3 BISCUIT-maker Khong Guan Flour Milling yesterday slipped into the red with a net loss of $1.27 million for the year ended April. This contrasts with a net profit of $2.24 million the previous year. Group turnover for the period fell 45 per cent to $31.2182 words
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126 2001-07-27 3 CLOSED-END fund United International Securities (UIS) yesterday announced a two-thirds fall in net profit to $3.99 million for the six months ended June. Turnover also slipped by 66 per cent to $5.79 million, while net tangible assets per share fell 13.9 per cent to126 words
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112 2001-07-27 3 r (JUL) ana oeverage producer uei Monie racuic L,ia saw its half-year net profit tumble 39 per cent to US$ll.5 million on a 19 per cent slide in turnover to US$BO.3 million. Soft product pricing and weak market conditions in the US and Europe112 words
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121 2001-07-27 3 FDS NETWORKS Group reported a 43 per cent rise m net profits to U*****,000 for the half-year ended June 30. Boosted by robust software sales, turnover jumped 26 per cent to US$B.7 million. Earnings per share was up 0.04 US cents to 0.78 cents.121 words
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196 2001-07-27 3 MAlNBUAKiMistea usim international yesterday reported a 38.5 per cent jump in net profit for the first half-year ended June 30 to $5.1 million. The strong performance was achieved on the back of turnover of $81.5 million, a 27.9 per cent jump from last196 words
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473 2001-07-27 5 Andrea Tan - Fund boys $875 m of assets in Temasek Tower, Pidemco Centre and Adelphi By. Andrea Tan CAPITALAND Commercial Ltd has partially sold stakes in three of its commercial properties to a fund it has jointly set up with Germany's Ergo Insurance Group. The473 words
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COMPANY Briefs
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171 2001-07-27 5 FITCH, the international rating agency, has affirmed United Overseas Bank's (UOB) long-term senior unsecured debt rating of A+ and revised its outlook to positive from evolving, after a detailed review of the bank and pending the outcome of its offer to buy out its171 words
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626 2001-07-27 5 catherine ong - lock siew| catherine ong DURING the Asian financial crisis in the late *****, American commentators were quick to tell Asians to spruce up their corporate governance rules or risk hurting investors' confidence. As it turned out, many US companies could use the same advice. The downturn626 words
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299 2001-07-27 5 David Boey - Its stocks suspended ahead of Monday's briefing on the deal By] David Boey E-SERVICES firm ECS Holdings has scheduled a briefing for analysts and the media on Monday to announce the acquisition of a China-based company. Shares of ECS, which299 words
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229 2001-07-27 5 Grace Ng - By Grace Ng ELECTRICAL lighting specialist J K Yarning International launches today its initial public offering which will raise net proceeds of 5i11.3 million. The offer consists of 52 million new shares priced at 25 cents apiece. The bulk229 words
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SINGAPORE markets
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Article323 2001-07-27 4 Stocks Volume UniFood HK25c 17,883,000 FuYuMfglOc 16,447,000 Circuits Plus Hldgs 12,706,000 Autron 8,859,000 Tianjin Zhong 8,690,000 PNEIndlOc 8,432,000 NOL 7,399,000 Willas-Array HK20c 7,091,000 TPVUSlc 6,605,000 OUB 6,271,000 Stocks S OUB 60,423,950 DBSGrp 27,856,277 UOB 21,971,840 Datacraft 10c 19,644,645 OCBC 19,137,956 Chart Semiconductor 26c 18,308,840 SiA 12,263,800 SPH 11,605,880 UniFood HK25c323 words
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Article, Illustration561 2001-07-27 4 r. sivanithy - I-I i comment STOCKS r. sivanithy THE local economy is in the pits and keeping it company are those of most other countries. Corporate earnings are much more likely to surprise on the downside than the upside, the political situation in Indonesia remains tense561 words
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Article, Illustration174 2001-07-27 4 R Sivanithy - WARRANT WATCH By\ R Sivanithy IT'S interesting to note that of the 20 top percentage gainers yesterday, only three were warrants. Considering that a large number of warrants are priced below 10 cents and are, therefore, coming off a low base, it would be174 words
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Article, Illustration212 2001-07-27 4 Ven Sreenivasan - HOT STOCK By 1 Ven Sreenivasan IT training specialist Informatics Holdings surged to a two-year high yesterday on expectations the company could enjoy a surge in demand for its services amid the economic slowdown. The counter closed nine cents, or 8.5 per cent, higher at $1.15. A total212 words
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Article, Illustration536 2001-07-27 4 larry wee - I :j i comment CURRENCIES Traders report large stop-loss sales by hedge funds, interbank players larry wee THE US dollar nosedived against the Singapore dollar in Asian trading yesterday. Traders reported the execution of large stop-loss sales by hedge funds and interbank playersSource: Reuters - 536 words
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Article2940 2001-07-27 4 UNIT TRUSTS FUNDS Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: China Opportunities Fd 0.934 0.982 Global MNC Fd 0.692 0.728 Global Technology Fd!** 0.547 0.575 UK Blue Chip Fd!" 0 700 0.736 American Opport Fd 0.788 0.828 Cont Euro Eqty Fd!** 0.967 1.016 Japan Eqty Fd!** 1.132 1.189 Asian2,940 words
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Advertisement99 2001-07-27 5 Vi)I•• il II II <II I I i I I I' i 1111 I l\ ;j? The Audi A 6. A trifi§ Super Model. The Audi Ab. 1 ike all Super Models Ihe A 6 deserve, the limelight Ar.d w.th .r riiriq innovative desiq' Or", ith»ak per f < jim.ri'.e99 words
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OFF-BUDGET measures
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428 2001-07-27 6 Eugene Low - By] Eugene Low COMPANIES and chambers of commerce have welcomed the government's off-budget measure to enhance the Local Enterprise Finance Scheme (LEFS), saying it win help smaU and medium enterprises (SMEs) restructure their businesses. But some also want LEFS to be further refined to428 words
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Article, Illustration381 2001-07-27 6 Vince Chong - It will also posh ahead with its 2nd phase of Woodlands Spectrum, Jurong Pier projects Reports by Vince Chong JTC CORPORATION said yesterday that it would bring forward by at least 12 months, $267 minion worth of infrastructure work to helpFILE PHOTO - 381 words
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604 2001-07-27 6 JTC Corporation and the Housing Development Board yesterday announced rental relief measures totalling $155 million and $120 million respectively to help cushion business against the bad times. Small and medium enterprises (SMEs) would be the main beneficiaries, according to consultants. Jones Lang LaSalle604 words
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432 2001-07-27 6 Serena Ng - Deferment not just boon to employers, it helps workers keep their jobs, he says By I Serena Ng WORKERS unaffected by the economic slowdown should understand that some of their peers are and should therefore accept the deferment of CPF restoration, NTUC secre-tary-general432 words
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Article128 2001-07-27 6 THE government is giving out rental rebates totalling some $3.3 million to hawker stallholders who are paying market rentals. A 10 per cent rebate will be given out for a one-year period, starting from July 1. A further rebate of up to 20 per cent128 words
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Advertisement232 2001-07-27 6 ALLCOM TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore on 29 June 2000) Initial Public Offering Invitation In respect of 46,000,000 New Shares of $0.20 each comprlslng:(1) 4,600,000 Offer Shares at $0.26 for each Offer Share by way of public offer; and (2) 41,400,000 Placement Shares by way of placement,232 words
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Advertisement10 2001-07-27 6 POSB mini-banks open in 2 Fair Price stores, Pg 810 words
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Advertisement161 2001-07-27 7 V VOLVO I X for life J I THE NEW VOLVO SBO OWNERSHIP PACKAGE. I HO MATTER WHICH DIRECTION YOU TAKE, IT'S ATTRACTIVE. Owning the prestigious New Volvo SBO 2.4 has never been easier. After all, for a strictly limited time, you get to choose one of these two exclusive161 words
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SINGAPORE news
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495 2001-07-27 8 Anna Teo - r=W3 on the economy manufacturing 16J% slide in total manufacturing output steepest since Aug '85 By Anna Teo LIKE the trade numoers, June industrial output saw record declines, suggesting that the economy may not quite have bottomed in the second quarter. Poor external demand, compounded495 words
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381 2001-07-27 8 Eugene Low - ItH help political consciousness: Feedback Unit w Eugene Low TO enhance the political consciousness of the young of Singapore, the Feedback Unit has recommended that a "youth mock Parliament" programme be set up. Under the programme, people aged between 17 and 25 will be able381 words
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Article, Illustration319 2001-07-27 8 Serena Ng - Serena Ng DBS Bank yesterday opened its first two POSB supermarket mini-banks in NTUC FairPrice stores at Hougang and Sengkang. NTUC secretary-general Lim Boon Heng, who did the official honours, said the supermarket banking scheme which wiU be extended to other Fair Price outletsARTHUR LEE - 319 words
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269 2001-07-27 8 Tang Weng Fai - JOB COTS Move part of rationalisation exercise By Tang Weng Fai THE Singapore operations of popular Internet news site, Cnet Networks Asia Pacific, is feeling the squeeze from the economic downturn. Over the last fortnight, 15 members of the269 words
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171 2001-07-27 8 Liew Hanging - Liew Hanging SEVENTEEN people will lose their jobs after Sumitomo Mitsui Banking Corporation announced yesterday it will retrench 8 per cent of the staff at its Singapore branch. The bank has also granted long-serving employees early retirement with a gratuity. And171 words
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241 2001-07-27 9 Peter Heng - mailheehh Peter Heng, First Vice President, Corporate Affairs, United Overseas Bank Limited Singapore WE refer to the letter "PIN troubles, courtesy of rigid UOB rules" by Koh Kian Long (Mailbag, July 23). We sincerely apologise to Mr Koh for any inconvenience241 words
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Article133 2001-07-27 9 Mavis Kuek - Mavis Kuek, Mavis Kuek, Deputy Director Marketing Communications, EDB WE refer to the article "Bintan firm lobbying for access to EDB fund" (BT, July 26). We would like to clarify that EDB is currently not in talks with Bintan Resorts over the use of part133 words
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452 2001-07-27 9 Mee-Wah Tan - Mee-Wah Tan Corporate Affairs Director WE refer to the letters "Why was cash not put in safer banks?", "Golden Agri's defaults disclosed way too late", and "AFP, GAR suspensions too late". The letters, all published in BT on July 23, relate to452 words
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457 2001-07-27 9 Kalpana Rashiwala - Affordability has retnrned to '97 levels: DTZ Debenh&m By Kalpana Rashiwala HDB upgraders are again better able to purchase suburban private condos with affordability having returned to 1997 levels. The situation has improved from six months ago, thanks to the concurrent improvement in457 words
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Advertisement172 2001-07-27 8 SOLID RENTAL GUARANTEE "Pacific International Suite" TOP INVESTMENT PACKAGE 70/ iliEi u ji a years #A !»v t 91SBS! #1 I I GUARANTEED /U+c.p.i Mpfe' 1::E: return MEANS FREE OF Body corporate UP I° vp arc Council water rates aaMm Maintenance cost I I LEASE^ HHSHBi option Insurance Premiums j172 words
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Advertisement98 2001-07-27 8 Wi* the success of last year's exhibition, Linda Gallery is now proud to present a I solo exhibition by the renowned artist. A wide selection of paintings in different media H (oil on canvas, watercolour and ink on paper) will be showcased. H I With more than 50% of our98 words
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Advertisement29 2001-07-27 9 I ft -t- wi I Windows I I promises I I more home I I networking I H X feu H fHf Vr* A -IjJßm 'mmkJMH bsIB I ri'l'y29 words
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Advertisement110 2001-07-27 9 We welcome letters. E-mail us at btletterQsph.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 bear in110 words
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EDITORIAL & opinion
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Article, Illustration873 2001-07-27 10 anthony rowley - Hollowing out and running on empty bottom line OPINION anthony rowley The writer is BT's Tokyo correspondent THE revival of debate over the "hollowing out" of Japan's manufacturing industry, caused by a shift of production offshore to China and elsewhere in Asia, brings to mind an odd conundrum When we873 words
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Article60 2001-07-27 10 'It is a terrible myth that (PLO leader Yasser) Arafat and only Arafat caused this catastrophic failure. All three parties made mistakes, and in such complex negotiations, everyone is bound to. But no one is solely to blame.' -TerjeEoed-Larsen a United Nations special envoy, on the failure60 words
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Article674 2001-07-27 10 EDITORIAL THERE seems to be considerable optimism that all will be well for the world economy by this time next year. Of course, we all wish this will be the case, but closer scrutiny reveals there is too much that can still go wrong.674 words
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Article, Illustration1094 2001-07-27 10 James Castle - Jakarta's window of opportunity is open. Will Indonesia's ruling elite let the winds of economic recovery blow through it? By, James Castle The writer is founder of the Castle Asia consultancy and president of the American Chamber of Commerce in Indonesia WE must all beREUTERS - 1,094 words
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Article730 2001-07-27 10 Bob Herbert - COMMEMTARY Tobacco-related diseases are set to become a global epidemic Byl Bob Herbert The writer is a New York Times columnist A COUNTERPOINT to the egregious Philip Morris report suggesting that the early death of smokers can benefit a nation's economy is an extensive730 words
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MALAYSIA news
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429 2001-07-27 11 Eddie Toh - It offers RM2.50 for each share of the toll-road operator From Eddie Toh in Kuala Lumpur HOT ON the heels of a hostile takeover bid for UEM, beleaguered Malaysian tycoon Halim Saad of Renong Bhd is facing yet another takeover this time429 words
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MALAYSIA Briefs
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58 2001-07-27 11 Bernama [KUALA LUMPUR] Sixteen companies appointed by Bank Simpanan Nasional (BSN) to supply computers under the EPF scheme were found to have "bought back" the computers from the applicants under an illegal arrangement. Deputy Finance Minister Chan Kong Choy, disclosing this yesterday, said theBernama - 58 words
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66 2001-07-27 11 AFX [KUALA LUMPUR] The government expects to complete its revision of the proposed acquisition of assets belonging to two light rail transit (LRT) companies "very soon", Prime Minister Mahathir Mohamad said. "For the LRT, we are still fine-tuning the terms of our acquisitionAFX - 66 words
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Article66 2001-07-27 11 Reuters [KUALA LUMPUR] Malaysian conglomerate Sime Darby said yesterday it had further raised its stake in takeover target Palmco to 24.1 per cent of paid-up share capital, from 22.4 per cent previously. Sime said in a statement a wholly-owned subsidiary had bought an additionalReuters - 66 words
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68 2001-07-27 11 AFX [KUALA LUMPUR] Malaysian Airline System Bhd said it will raise peninsula airfares by between RM29 and RMI79 on August 1 after the government approved the fare hike by an average of 51 per cent. A statement from the airline said theAFX - 68 words
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266 2001-07-27 11 KUALA LUMPUR AFP A MALAYSIAN Internet newspaper was shut down for more than six hours when unknown sources launched an attack on its server, its chief executive officer said yesterday. Premesh Chandran said he had no idea who was behind theAFP - 266 words
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324 2001-07-27 11 MKUALALUMPUR EON to make announcement today or tomorrow Reuters SHARE dealings in Malaysian car distributor Edaran Otomobil Nasional (EON) and Kedah Cement were suspended yesterday amid speculation that EON plans to take control of the cement company. Kedah Cement is selling itsReuters - 324 words
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Advertisement104 2001-07-27 11 llßilll 2LH|3jHSH i.'.'blyi^ ,J\ eii»ilii9 Y^b^^kbHK S tf- iW* M H&HLjX W»y tMB He SI ■■■■■H IlL e waking up f \tx" ffvl »1 i I I jnQcJia java ,^^x t-Jtea&fey* i I I wmM I V H iH» I /^MB ]ust ask ike kutler. Extended to all guests. For104 words
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Advertisement149 2001-07-27 11 You'll keep sleeping around You don't have to doze off at work. Or work below your i 'iJm V j peak performance, y O r feel tired despite f«" II having had «a full gt j I night's sleep. Or be part of the 88 1 v* v I percent149 words
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FINANCE
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Article264 2001-07-27 12 C K Lau Refco Singapore - ST Index/MSCI Stare Index C K Lau Refco Singapore SINGAPORE shares ended higher yesterday in lethargic trading following a recovery in US markets. The Straits Times Index firmed by 6.85 points, or 0.42 per cent, to close at 1,639.36 points as 26 counters rose, 14 fell264 words
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224 2001-07-27 12 Daniel Wong Refco Singapore - MSCI Taiwan hdn Daniel Wong Refco Singapore WITH the government actively buying shares, the Taiwan stock market yesterday made its biggest gain in two months. The MSCI Taiwan Stock Index soared 7.08 points, or 3.67 per cent, to close at 200.22. All counters gained,224 words
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Article217 2001-07-27 12 Reuters London THE US dollar recovered from earlier two-month lows against the euro yesterday as higher-than-expected euro zone money supply data took the froth off the single currency's recent gains. The US dollar has lost about two per cent this week against the euro, dented by corporate jobReuters - 217 words
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Article, Illustration1200 2001-07-27 12 MTERBAMg CROSS EATB8 mm AS C$ Uro Ffr P» t*$ Tan Wm 1 IBSftHl Ml S$ IK Sir WT$ Bafat Eond US$ Austria 0.784 4238 0379 3.798 1133 1983 24.076 50.682 0.629 6.654 1940 L235 ********** 0.920 4.186 0175 17.755 ***** 0257 0511 Canada 1275 5.404 0.739 4.844 1444 5.0791,200 words
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REGIONAL news
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480 2001-07-27 12 WASHINGTON It says there is no need for a mission to meet new government Bloomberg Reuters, THE International Monetary Fund (IMF) said on Wednesday it expects its executive board to discuss lending for Indonesia at the end of August or in earlyBloomberg; Reuters, - 480 words
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LATE Briefs
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Article86 2001-07-27 12 Bloomberg [NEW DELHI] Government of Singapore Investment Corp said it reduced its stake in Satyam Infoway Ltd, even as shares in the Indian Internet service provider plunged to their lowest on the Nasdaq Stock Market. GIC cut its stake by 0.44 percentage points toBloomberg - 86 words
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59 2001-07-27 12 Reuters [JAKARTA] Ousted Indonesian leader Abdurrahman Wahid finally left the presidential palace after refusing to budge for three days, defusing a potential crisis. He was expected to say farewell to some 2,000 supporters staging a rally in a square opposite the palace before he headsReuters - 59 words
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65 2001-07-27 12 AFP [JAKARTA] Three Indonesian Supreme Court judges have been accused in court of taking bribes to influence their decision in a land dispute, the Jakarta Post reported yesterday. The three judges accepted 196 million rupiah (5535,280) in 1996, it reported state prosecutor Syafrudin asAFP - 65 words
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Article, Illustration433 2001-07-27 12 JAKARTA She also needs strong political support to forward AFP INDONESIAN President Megawati Sukarnoputri needs a strong economic team and broad political support to succeed in carrying out urgent reforms, Moody's Investors Service said yesterday. Moody's senior analyst for Indonesia Steven Hess toldAFP; FILE PHOTO - 433 words
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482 2001-07-27 12 Christopher Tan - FiT exclusive] SINGAPORE Byi Christopher Tan INDONESIAN conglomerate Astra International could realise up to US$4OO million if it sells its plantation unit Astra Agro Lestari, according to a board member. The amount comparable to the US$5O6 million Astra itself fetched when 38.4482 words
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Article, Illustration485 2001-07-27 13 HSINCHU, Taiwan Company expects demand to recover this quarter Bloomberg TAIWAN Semiconductor Manufacturing Co's (TSMC) second-quarter profit plunged to a record low as sales fell by a sixth and costs doubled. The biggest maker of custom-made chips said demand will recover this quarter.Bloomberg; AP - 485 words
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348 2001-07-27 13 TAIPEI Bloomberg CHINA Bills Finance Corp's chairman, president and vice-president were replaced on orders from a state-backed investment fund, as the Chen Shui-bian government moves its nominees into Taiwan's biggest companies. First Commercial Bank president Tseng Chien-chung was named as chairman ofBloomberg - 348 words
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Advertisement30 2001-07-27 12 4* N M ROTHSCHILD SONS 9*tr 200 yeart of banking Tel: 65-535 9677 65-535 9100 Fax: 65-535 8713 M a#ggr 0 Email: creasury@rothschild.com.sg Call Rothschild Treasury Services today. website: www.nmrothschiid.com.sg30 words
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Article1890 2001-07-27 13 SICOM FUTURES Jul 26 RUBBER (futures dosing as at 5J0*«) RSS1 CO*TRACT(S ccnts/kg) CteM VolMM OpM Month JUgh law Sit (tan) Interest Aug 01 107.00 Sen 01 WT.00 Oct 01 *>9.00 Nov oi H0.00 RSS 3 CONTRACT (US cents/kg) VofeMt OpM Month Hljli Low Sett <to—M) Interest Aug 011,890 words
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Advertisement21 2001-07-27 13 e 7 become an e-business, suggest you throw evemiflmpiKj 1 Hk ■L Bhk ■L ■k Wm. W -i JB BP^ •|roii-fc|^_^T^^^^^w21 words
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Article7536 2001-07-27 14 HONG KONG Vol Jul 26 MKS COOP) AcrossAsia Multimedia 2.05 0.02 182 Alpha General 0.04 unch 7800 Amoy Prop 8.95 0.20 2470 Ananda Ming On 0.14 -0.02 *****0 Angang New Steel H 1.17 0.03 ***** Anhui Conch H_. 1.85 0.06 ***** Anhui Expressway H 1.41 0.03 7382 Arcontech7,536 words
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Advertisement168 2001-07-27 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF THERMOCOM PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the members of the abovenamed Company168 words
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Advertisement99 2001-07-27 14 SINGAPORE TENPIN BOWLING CONGRESS NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Singapore Tenpin Bowling Congress will be held on Wednesday, IS August 2001 at S:3O pm at the STBC Conference Room, No. 6 Zone One, National Stadium, Kallang (South Entrance), Singapore99 words
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WORLD news
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452 2001-07-27 14 EARNINGS WRAP Resignation of its COO might disappoint US investors: analysts Reuters [PARIS] French telecoms equipment maker Alcatel posted a 77 per cent drop in second-quarter profit yesterday and announced job cuts of 14,000 staffers by the end ofReuters - 452 words
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238 2001-07-27 14 LONDON Reuters BRITISH Telecommunications yesterday announced another drop in quarterly earnings, saying underlying profits fell to £186 million (Ss47B million) in the first three months of this year. Profits before goodwill, exceptional items and taxation in the quarter to June 30 feU fromReuters - 238 words
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Article, Illustration344 2001-07-27 14 TOKYO Prices drop and stocks pile up amid slump in AFP SONY Corp yesterday reported a steep loss in the June quarter and slashed its profit forecast for the year to March due to a slump in demand for consumer electronics, weakAFP; REUTERS - 344 words
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Article227 2001-07-27 14 CORNING, New York AP FIBRE-OPTICS maker Corning Inc, unsettled by a slump in the telecommunications industry, posted a US$4.B billion loss for the secondquarter on Wednesday, because of a large merger-related charges and a writedown of obsolete inventory. Excluding those one-time items, the company's operatingAP - 227 words
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321 2001-07-27 14 WASHINGTON Declines in aircraft, automobiles and computers lead drop Bloomberg NEW orders placed with US manufacturers for durable goods dropped twice as much as expected in June, led by declines for aircraft, automobiles and computers, government figures showed. The 2 per centBloomberg - 321 words
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OTHER Results
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114 2001-07-27 14 Bloomberg [NEW YORK] American International Group Inc said second-quarter profit rose 15.8 per cent as the biggest insurer raised prices on business policies and increased sales of life insurance and annuities. The New York-based company's earnings from operations rose to US$l.7 billion, orBloomberg - 114 words
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97 2001-07-27 14 Bloomberg [LONDON] Prudential pic, the second-largest UK insurer, said operating profit rose 11 per cent, led by sales in Asia. Operating profit before taxes increased to £653 million (Ssl.7 billion), or 23 pence a share, from £586 million, or 21 pence, in the year-earlier period.Bloomberg - 97 words
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Article79 2001-07-27 14 Reuters [DALLAS] 7-Eleven Inc, the world's largest convenience store chain, said yesterday its profits fell 15 per cent in the second quarter, but were in line with Wall Street forecasts, as costs to build new stores and technology investments hurt results. Net income in theReuters - 79 words
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Article85 2001-07-27 14 Bloomberg [STAMFORD] Xerox Corp, the latest copier maker, had a second-quarter loss as sales dropped, and the company said a slowing economy will probably delay a return to profitability until the fourth quarter. The company had a loss of US$2Bl million, or 40 centsBloomberg - 85 words
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Article114 2001-07-27 14 AP [MILAN] The Italian industrial giant Fiat on Wednesday reported better-than-expected first-half profit of 528 million euros (*****.94 million), up from 475 million euros the year before. Analysts had said they expected no improvement until the last quarter of the year, when the carmakerAP - 114 words
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Article, Illustration490 2001-07-27 15 Anthony Rowley - Frorr Anthony Rowley in Tokyo JAPANESE voters go to the polls on Sunday for a parliamentary election whose outcome is being viewed both as a verdict on Prime Minister Junichiro Koizumi's first 100 days in office and as an indication of490 words
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425 2001-07-27 15 WASHINGTON Relying on foreign capital will create economic instability: Rnbin, Volcker Bloomberg THE US can't sustain its growing dependence on foreign capital without creating economic instability in the future, former Treasury secretary Robert Rubin and former Federal Reserve chairman Paul Volcker told a Senate panel.Bloomberg - 425 words
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LATE Briefs
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72 2001-07-27 15 Reuters [LONDON] The chairman of Britain s ruling Labour Party, Charles Clarke, was yesterday quoted as saying there could be a referendum before the next general election on whether the country should join the euro. The Independent ran an interview with Mr ClarkeReuters - 72 words
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105 2001-07-27 15 Bloomberg [WASHINGTON] News Corp, owner of Fox Television, won US Federal Communications Commission approval to buy Chris-Craft Industries for U554.35 billion, creating the largest US TV group. In a 3-2 vote, the FCC gave News Corp between six months and two years toBloomberg - 105 words
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59 2001-07-27 15 AFP [MUNICH] Infineon, the second biggest maker of computer chips in Europe, yesterday said it planned to cut jobs and introduce short-time working to save one billion euros (551.58 billion) over the next 12-18 months. The measures would affect a total 5,000AFP - 59 words
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Article68 2001-07-27 15 AP [PALO ALTO, California] Computer and printer maker Hewlett-Packard Co is slashing approximately 6,ooojobs, about 6.6 per cent of its global work force, due to deteriorating economic conditions and related weakness in technology spending. The company also said it expects revenues for the thirdAP - 68 words
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319 2001-07-27 15 WASHINGTON He warns that the US will respond if move is an attempt to posh prices up Bloomberg US President George W Bush said plans by the Organization of Petroleum Exporting Countries (Opec) to cut daily oil production quotas by 1 million barrelsBloomberg - 319 words
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372 2001-07-27 17 TOKYO Reuters MCDONALD'S Co (Japan) Ltd got off to a flying start when it listed in Tokyo, with retail investors hungry for shares in the top restaurant chain that has slashed burger prices to tempt tight-fisted Japanese consumers. Shares in the Japanese unitReuters - 372 words
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Page 15 Advertisements
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Advertisement320 2001-07-27 15 Union Bank Limited (Incorporated in the Republic of Singapore) VOLUNTARY CONDITIONAL TAKE-OVER OFFERS BY UNITED OVERSEAS BANK LIMITED ("UOB") AND DBS CROUP HOLDINGS LTD ("DBS") The Board of Overseas Union Bank Limited ("OUB" or the "Company") refers to the offer document dated 26 July 2001 issued by Merrill Lynch (Singapore)320 words
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Article2591 2001-07-27 16 i-a—* BONDS A WARRAHTS Jul 26 wt Ma hml Upfcy 32-aMi, Lat ¥•< Day Urtteato Immt Urn tier Mac Mta M*k Lm t Mi *m- CMO) M* Lot tew Mu Wo (—IH1 tete Ww <%l lnrt«|I Left 39.5 26 ASTIW*****1 27 -0.5 62 28 27 27 26 272,591 words
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Page 16 Advertisements
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Advertisement1475 2001-07-27 16 I lor I IDT HOLDINGS (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore with limited liability) NOTICE IS HEREBY GIVEN that the annual general meeting of IDT Holdings (Singapore) Limited will be held at 95 South Bridge Road. #09-00 Pidemco Centre, Singapore *****7 on Tuesday, August 21, 2001 at 2:001,475 words
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Advertisement1138 2001-07-27 16 COMM 1-COMM TECHNOLOGY LIMITED (Incorporated in Bermuda with limited liability) NOTICE IS HEREBY GIVEN that the annual general meeting of l-Comm Technology Limited will be held at 95 South Bridge Road, #09-00 Pidemco Centre, Singapore *****7 on Tuesday. August 21, 2001 at 11:00 a.m. to transact the following business: As1,138 words
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Article8380 2001-07-27 17 SGX MAIHBOARP Gr Or MM 52-Wk Last Vol Day Last QooM Oh Oh TW M Cm Avg High low Company Sate COOP) low tnnm S*i Cw Ml W Pita MULTI-INDUSTRY 143 35 cAcmaSOc 40 unch 148 40 40 39.5 40 0.5 19.9 0.6 10.5 69.4 41 41 88,380 words
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e News
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391 2001-07-27 18 NEWYORK Group including Disney also reported to be keen on the AT&T cable TV unit Bloomberg, AFX AT&T Corp, which last week rejected Comcast Corp's US$5l.3 billion bid to buy its cable TV unit as too low, is likely toBloomberg,; AFX - 391 words
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199 2001-07-27 18 NEWYORK NYT COMPAQ Computer Corp, suffering from weak demand and cut-throat pricing in the personal computer market, on Wednesday reported a steep drop in sec-ond-quarter earnings as sales fell 17 per cent. Though the ailing market in the United States isNYT - 199 words
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Page 18 Advertisements
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Advertisement3034 2001-07-27 18 I NOTICES call toll-tree 1800-741 1883 Fax No: 741 *****| IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF LAVENDER TRADING PTE LTD NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (Pursuant to Section 290) At an Extraordinary General Meeting of the members of the3,034 words
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Advertisement1634 2001-07-27 18 eommrcKjup COMFORT GROUP LTD Incotporated in the Republic of Singapore Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of the Company will be held at Sapphire Suite, Orchid Country Club, No. 1 Orchid Club Road, Singapore *****2 on Wednesday, 22 August 2001 at1,634 words
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Page 19 Advertisements
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Advertisement179 2001-07-27 19 Playing the dating game EST jPff 1 r I How do you busy, like-minded people to each other? Try speed dating, an idea reconunended by a Jewish lawyer 1 to the SDU. And the idea has taken off, with good results. Jj(M|f §^^^3 PARVATHXMAYAR lets on what happens at these179 words
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Advertisement29 2001-07-27 19 INSIDE JB- Style Meissen: Porcelain desirables EL 3 Books Fishmongers show the way EL 4 Fashion A showcase by Milan-based designers EL 6 Epicure Ambitious Coriander Leaf EL 829 words
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EXECUTIVE Lifestyle
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PERSPECTIVE
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736 2001-07-27 20 jaime ee - Udd the cuff Nothing wrong but the media makes it difficult for them to grow old and fleshy in peace jaime ee I HAVE a question: will there ever come a time when women will be allowed to grow old and fleshy in736 words
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Article, Illustration1287 2001-07-27 20 COVER STORY SPEED- WHAT? The improbablesounding term raised eyebrows, interest and some amused queries at a farewell dinner for Jewish lawyer Cary Schmelzer. Okay, so the mantra du jour is "instant everything" but, well, speed dating? And how had it reached Singapore? Thanks Mr Schmelzer, who,CHRIS LOH - 1,287 words
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Article, Illustration420 2001-07-27 20 Good food, wine and talk —the Chatterplatter way THERE'S surprisingly little out there if you're looking for organisations that facilitate introductions not matchmakers, and certainly not, as some might say, escort agencies by another name. Dating agencies outside movies or books are as hard to locate as, well, dinosaurs. TheP Exic Roca - 420 words
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STYLE
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Article, Illustration932 2001-07-27 21 CORINNE KERK - Meissen's fine wares may soon be familiar here as a new boutique opens, says commie kerx CORINNE KERK IN 1993, an exhibition of exquisite Meissen porcelain was held at the Empress Place Museum to mark German Unity Day. Precious porcelain products such as hand-painted figurines, clocks, coffee pots932 words
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BOOKS
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Article, Illustration583 2001-07-27 22 TAN HWEE HWEE - tan hwee hwbe interviews 'Fish!' author Stephen Lundin TAN HWEE HWEE DR Stephen Lundin's a MBA Professor, best-selling author and employee of Chart House Learning, where his official title is "Big Tuna". It's this quirky corporate philosophy that's made Lundin one of the most successful management583 words
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Article629 2001-07-27 22 Tan Hwee Hwee - Reviewed by' Tan Hwee Hwee FISH! A Remarkable Way to Boost Morale and Improve Results By Stephen C Lundin, PhD, Harry Paul, and John Christensen Published by Hodder Stoughton $17,112 pages WHAT'S the deal with cute animals? You wouldn't expect executives to get629 words
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CINEMA
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Article, Illustration724 2001-07-27 23 Geoffrey Eu - 'Bridget Jones's Diary' oozes well-practised charm, savvy social observation and grown-up humour By Geoffrey Eu WHAT'S it like to be a 30-something single girl in London? For plump, plucky and personable Bridget Jones (Renee Zellweger), it means obsessing over her weight, constant fretting over not having a724 words
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Article, Illustration680 2001-07-27 23 Susan Tsang - The roguish smile of the talented British player is wigging, and so are insights into why he fell By I Susan Tsang BEST is a biopic of probably the most talented British player ever, with a private life as tumultuous as680 words
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Article, Illustration1274 2001-07-27 23 Susan Tsang - By Susan Tsang FINAL Fantasy and Jurassic Park 111 are still going strong, with their great visual effects. Those who prefer more conventional actioners can look forward to Bangkok Dangerous, a Thai film, or they can try Jet Li's Kiss of the Dragon, where he visits Paris and1,274 words
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Article79 2001-07-27 23 Cathay Causeway Point *****88 Orchard *****74 Cithay Movie Line *****55 InglMi Empress *****67 Jubilee *****40 Suntec *****74 Son Plaza *****47 Toa Payoh *****70 West Mail *****90 QoldMI VUlMM 24-hr easy booWng: 1900-912-1234 Blshan Boon Lay Eastpoint Grand Marina Ptaza Tampines Tiong Baltru Ylshun Golden *****69 Pilncaaa *****6579 words
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TRAVEL/FASHION
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Article, Illustration821 2001-07-27 24 CHEAH UI-HOON - CHEAHtn-HOOii finds out what five up-and-coming designers have in store for S'pore CHEAH UI-HOON Anew generation of designers is taking the fashion capital of Milan by storm—if the cohort of five young Milan-based designers visiting Singapore is any indication. Milan Mania, a four-day fashion showcase organised by MSCHRIS LOH - 821 words
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Article, Illustration485 2001-07-27 24 EDDIE TOH - Eddie tob takes to the sdow of Australia's Mtßuller EDDIE TOH YOU'VE heard of winter skiing in the Alps, Whistler Mountain and the like. Now add Australia to your list of favourite ski holidays, and you can still go swooshing down a slope at a time when other485 words
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BIZ WOMAN/HEALTH
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Article, Illustration778 2001-07-27 25 LIEW HANQING - Judy Koh, creative director and owner of Backstage, talks to liew hanqimg about her success story and why she has adopted a charity to celebrate her salon's 10th birthday LIEW HANQING JUDY Koh isn't just a leading hairstylist. She's 40, beautiful, a mother—and an entrepreneur toARTHUR LEE - 778 words
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Article, Illustration806 2001-07-27 25 Melissa Sim - Besides watching one's diet and regular exercises, those obese can try a new drag which enhances the sensation of fullness at meals By Melissa Sim WHO could say no to an inviting plate of char kuay teow or the temptation of a rich cheese-smothered806 words
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EPICURE
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Article, Illustration384 2001-07-27 26 Tan Hwee Hwee - CRAVINGS B) Tan Hwee Hwee FANCY some pizza with pizzaz? Then check out the spicy salami pie at the Tuscany Ristorante, one of the many fresh dishes created by new chef Marco Pigatto. After a stint at the famous Bice Ristorante in Paris, chef Pigatto384 words
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Article, Illustration240 2001-07-27 26 Cheah Ui-Hoon - -By Cheah Ui-Hoon QUALITY Angus beef so succulent, with sweet juices and fine texture, is the crowning glory of Hilton's Harbour Grill Oyster Bar, the hotel's nautical-themed flagship restaurant serving continental cuisine. Executive chef Emmanuel Souliere, who gained his chefs stripes in L'Ambassadeur, a two-star Michelin restaurant240 words
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Article, Illustration759 2001-07-27 26 JAIME EE - JAIME EE finds the service at Coriander Leal spot-on, so are the ambience and food presentation. But its fusion cuisine is somewhat confused, perhaps due to the wide geographic region that the restaurant tries to cover JAIME EE CORIANDER Leaf is a pretty name, much like Fig759 words
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Article, Illustration549 2001-07-27 26 Corinne Kerk - RESTAURANT A tasting of its latest creations by new chef Troy Atherton Guard shows the restaurant's fusion concept is alive and well By Corinne Kerk OKAY, confessions first When Doc Cheng's opened in Raffles Hotel in late 1995, its pan-Asian food daring and549 words
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Page 20 Advertisements
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Advertisement92 2001-07-27 20 Savour mM Poky BipLMlil Every Friday, Saturday aid Sunday till /6di September, you can smjut 1 a mouth-watering Nasi Padang Buffet, speoaly prepared by our nenovvned chef from Indonesia... fiachri Nonas, Sop Buntut, Ayam Bumbu Bat, Ikon Sumbat Lada, Doging Rendang and lots more. Y Rk> J|M RF JgfiH ,r92 words
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Page 21 Advertisements
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Advertisement21 2001-07-27 21 Jl2 CHANEL THE SPORT WATCH HIGH TECH CERAMIC RUBBER LEATHEP Availcble exclusively at |1< J {jj a CHANEL Boutique Sincere Watches21 words
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Page 22 Advertisements
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Advertisement194 2001-07-27 22 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+++194 words
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Advertisement104 2001-07-27 22 Contact May Chan 740 1134 or Teresa Quak 740 1297 now. "Brunch" Is the best of lunch and high tea rolled into one. Which means longer serving hours and even more scrumptious spreads. "Brunch" from 11.30 am 4.00pm $18.90 (Adult) 40% discount (Child) "Brunch Karaoke" from 11.30 am Bpm $24.90*104 words
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Advertisement167 2001-07-27 22 Feast on New Zealand Rock Oysters, Mussels, Smoked Fish and Chilled Prawns, then head for the open kitchen for Seafood Skewers. Crayfish. Spicy Crab and more. An added bonus Is our Japanese corner, featuring fresh Sashimi, Sushi, Chawan Mushl, Ebl Tempura, Yak) Udon, Tori Tertyakl and many others. $32 per167 words
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Advertisement65 2001-07-27 22 BH Saturday Antipasto Buffet $17+++ for Antipasto Buffet only Saj+++ for Antipasto Buffet a choice of pizza or pasta Sunoay Brunch $45+++ with free flow of Soft Drinks $60+++ with free flow of Vmivo Clicquot Champagne, Simply White a Red, Prosoco Italian Sparking Wine and Soft Drinks AvaHafete from unoon65 words
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Advertisement85 2001-07-27 22 v cnn.k..« vu9ljl|n "Y l^ Tr V—, Come, celebrate Cheeky Jj Chick'* 30th birthday and enjoy Mandarin 11am to Upm. "30 on 1 August 2001 Ftr tnquirw,%U*m cmll 631 6391 *r visit our wtbsitt IPIMK •BffiiAfii 111 ffiMnnr tylSlp 333 Orchard Rotd. Slnuport *****7. Tr iTF W: 737 4411 f»K73285 words
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Page 22 Miscellaneous
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Miscellaneous226 2001-07-27 22 CRYPTIC CROSSWORD 26 A student will combine alum- past (9) widely known (5) stone (7) 8 Affliction of the very old, hav- 24 Topping stuff for severe cold 27 Sharp sort of dip from a book j n g t 0 h ear outside (7) symptom (5) (3,6,6) 14 Apparently226 words
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Page 23 Advertisements
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Advertisement136 2001-07-27 23 Ballet Under The Stars O Buy 5 and get 20°/o discount Singapore s most-loved outdoor arts event returns. 3 free admission tor r>-. Children below 6 years -5? ,5, 5 5 o V N8 «IS AILfIWU Q i"_«o NS UWH6RT SMTS. t gZ «0 P#ort»BAP«Y OS a h 5 1/1136 words
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Page 24 Advertisements
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Advertisement37 2001-07-27 24 *VX" vT«^ v Q -^^^W|pß H H fllic Uioolronrf > hottest dance Irllld llwwllwllll classes in town > the world of capoieva and para para > body glitter to perk up your day > picnic baskets for ballet under the stars37 words
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Advertisement806 2001-07-27 24 v I iOilPwi# ARAB BANK PLC (Incorporated in Amman, Jordan) Consolidated Balance Sheet Consolidated Income Statement as of 31 December 2000 for the year ended 31 December 2000 2000 1999 2000 1999 WPPQOd) USD C 000) USD C 000) USD (000) Amll Interest income 1,*****6 1312,194 Cash and due from806 words
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Page 25 Advertisements
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Advertisement833 2001-07-27 25 OSim) OSIM INTERNATIONAL LTD (Incorporated in Singapore) Our vision is to be the leading global brand in home health care and healthy lifestyle products Results Announcement for Ist Half Year Ended 30 June 2001 (these figures have not been audited) SS'OOO Latest Half Year Previous Half Year Change Turnover 81,486833 words
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Page 26 Advertisements
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Advertisement146 2001-07-27 26 Buy a flight to the U.S. online and we'll pack you off to more destinations. Go through www.mastercard.com.sg to book your United Airlines flight to the U.S. on your MasterCard and you'll earn up to 36,000 bonus Mileage Plus• miles, valid on any Star Alliance airline, including Singapore Airlines. That146 words
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SHIPPING TIMES
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Article281 2001-07-27 27 Reuters THE Baltic Dry Index (BDI) fell 15 points to 1,117, the Baltic Panamax Index (BPI) lost 20 points to 1,170, the Baltic Handymax Index (BHI) dropped 34 points to 8,300 and the Baltic Capesize Index (BCI) was down 20 points to 1,257. TIME-CHARTER: ♦Filippo Lembo (built 1997)Reuters - 281 words
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Article300 2001-07-27 27 Stx '009 MM SS W CWT Distribution 0.55 wndi 0 Chuan Hup 0-32 unch 272 Cosco Investment 0.22 unch 150 Freight Links 0.08 0.01 165 CB Holdings 0.51 unch 0 IMC HoMings-HK 5.60 unch 0 Jaya Holdings 0.15 0.01 123 Keppei Corp 3.64 unch 2287 Keppei FELS 1.19300 words
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Article, Illustration643 2001-07-27 27 Beth Jinks - Managing director reverses earlier comments that most of the viable port projects have already been taken By Beth Jinks [SINGAPORE] Hong Kong giant Hutchison Port Holdings (HPH) now says it will consider future opportunities for port investment in China, downplayingAFP - 643 words
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Article, Illustration88 2001-07-27 27 [SINGAPORE] This hightech wave piercing aluminium catamaran has caught the interest of none other than the world's most powerful armed forces. The Australian built vessel, usually used as a fast passenger ferry, will be tested over the next two years by the US army'sREUTERS - 88 words
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190 2001-07-27 27 AFP [GIBRALTAR] Seven of a fleet of 10 container ships from the emirate of Abu Dhabi have been impounded in the port of the British colony of Gibraltar for alleged nonpayment of loans, a port official said. The ships' owner, Abu Dhabi ContainerAFP - 190 words
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330 2001-07-27 27 David Hughes - dnb concerned about 1999 and 2000 policy years By\ David Hughes [LONDON] Members of the American P&l Club may have to pay a further supplementary call, in addition to a budgeted 25 per cent already paid, in respect of the330 words
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Article, Illustration164 2001-07-27 27 [SINGAPORE] Daewoo Shipbuilding and Marine Engineering president and chief executive Shin Young Kyun was given a suspended three and a half year sentence after being found guilty of financial violation charges by a South Korean Court. The charges involve finances and reports connected with the164 words
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PORT Shots
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79 2001-07-27 27 {SINGAPORE] Maritime programmes ran by 32 Philippine colleges were closed down this week because they failed to meet required standards. The Commission on Higher Education said 23 Bachelor of Science degrees in marine transport programmes and 21 Bachelor of Science in Marine Engineering programmes had been79 words
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89 2001-07-27 27 [SINGAPORE} US drug enforcement agents have recalled a Tsakos chartered, Cypriot-flagged tanker found carrying 515 lbs of cocaine in San Francisco. The haul, worth an estimated US$25 million, was discovered in the rudder trunk of the 60,906 dwt Aramis and is believed to be89 words
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76 2001-07-27 27 [SINGAPORE] OS law enforcement authorities have revealed that a secret security operation was put in place earlier this month in response to a terrorist threat against Carnival Corp's Miami-based Carnival Triumph cruise sh|p. A written threat was sent to a travel agent on July 1376 words
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58 2001-07-27 27 [SINGAPORE] Chennai container terminal will be handed over to P&O Ports without further delay, the Indian Shipping Ministry said. The long-awaited terminal privatisation has been subject to numerous delays, but ministry secretary M P Pinto announced this week that all hurdles* including union troubles,58 words
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58 2001-07-27 27 {SINGAPORE] OT Africa Line (OTAL) has expanded its agency network in China, announcing that its general Hongkong/China agents United Transportation Limited will coordinate all Chinese commercial and operation activities. The operation will be run via a sub agency network managed by Hongkong headquartered Chiao Feng58 words
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SHIPPING news
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690 2001-07-27 28 Selva Kumar - ADMIRALTY CASEBOOK By\ Selva Kumar THE English Admiralty Court has rejected a claim that a vessel that altered course to starboard did so deliberately to create a crossing situation so that it would not have the responsibility to give way to another690 words
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Article, Illustration340 2001-07-27 28 David Hughes - From David Hughes in London EUROPE'S ports could be set for a lengthy period of unrest after the International Transport Workers' Federation (ITF) committed itself to fight the EU's port directive which is aimed at opening up ports' servicesREUTERS - 340 words
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Article273 2001-07-27 28 PAGE Ahrenkiel 10 Appenship 5 Assets 5 Austral 6 Avant 10 B'tangMas 6 BSA 7 BSC 9 BTL 10 Balaji 4 Batamindo 9 Bayswater 10 CCNI 7 CMACGM 3 COSCO 3 Central Ex 6 Chahaya 10 China Shpg 5 Confer 10 Colony Log 5 Cougar 7 i273 words
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Article9949 2001-07-27 34 THEBUSINESSTIMES Page 8 EXPORT FRIDAY, JULY 27, 200 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number «•■■■■*■■■■■■■■■■■■■*■maaMMaaHMMMMn To ABIDJAN (ABJ) 2003 Cote D'lvoire 04/08 02/09 KienHung KUO CHIA KU103S 65-*****33 06/08 14/09 Setramar VILLE DE SAGITTA 387W 65-*****33 07/00 12/09 COSCO YUAN HE 0087W9,949 words
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SHIPS IN PORT
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Article795 2001-07-27 37 Vessel Voy Mo Berth Arrival Peparturt Armadaindah 03-Jan J f M *jn 26/07/60) 28/07/60) Spc Capricor 80 J12 26/07/5:15 26/07/19^0 Cec Faith 9559 JM 26/07/7:15 27/07/23:00 SteHarHght Jt7 J22 26/07/7:50 31/07/2359 Bt R8 6368 101 J01 26/07/830 26/07/160) BtBtJ ***** J01 26/07/90) 26/07/18:00 Bt Riko III ***** J01795 words
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Article1972 2001-07-27 37 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Booking/Mine* Rstls Ship Voy No Etb/Btr Ptrtod From To From AC* SEAGULL 0188 24/2159 25/1500 25/1659 25/1900 2A 25/1700 26/0659 26/0900 21 25/1700 26/0659 26/0900 1 26/0700 26/059 26/M00 ACXVWUT 03* 28/830 25/1500 25/1659 25/1900 2* 25/1700 26/0659 26/0900 211,972 words
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Article185 2001-07-27 37 August 1 Switzerland: National Day Angutt Singapore: National Day South Africa: National Women's Day August 12 Thailand: HM The Queen's Birthday August 15 South Korea: Liberation Day Switzerland: Assumption Day Spain: Assumption Day Belgium: Assumption Day France: Assumption Day Italy: Assumption Day August 17 Indonesia: Independence Day August185 words
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Article799 2001-07-27 37 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 individual799 words
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Article591 2001-07-27 37 Carton 180 Max 990.5 0.S 15.6 0.11 44 0.04 Jul 19 Density Water IkMw Ask Aluminium Sediment No above E25 0 0 1 1 0 0 %M/M 380 Ave 984.1 02 14.3 0.06 22 0.02 380 Max 991.2 0.S 18.3 0.11 50 0.09 WW3 %w/M M/M591 words
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AIR & LAND transport
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Article, Illustration420 2001-07-27 38 Emirates will pick np Sri Lankan passengers from the two hubs to onward destinations AFP [COLOMBO] Sri Lanka's national carrier, SriLankan Airlines, yesterday announced it was shifting operations to Singapore and Dubai after a Tamil rebel attack knocked out half its fleet.AFP; REUTERS - 420 words
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184 2001-07-27 38 Bloomberg [ROME] Alitalia SpA's board approved an accord with Air France SA and Delta Air Lines Inc that will allow Italy's national airline join its former rivals' Sky Team alliance. Alitalia's commercial partnership Air France SA will last until 2011, after whichBloomberg - 184 words
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167 2001-07-27 38 AFP [PARIS] The European aeronautics firm Airbus has chosen French electronics group Thales as avionics systems supplier for its future A3BO super-jumbo passenger jet, Thales said. Thales avionics and its German subsidiary Diehl Avionik Systeme will in particular supply the new plane's cockpit ControlAFP - 167 words
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276 2001-07-27 38 Reuters [SEATTLE] Aerospace giant Boeing Co plans to move engineering work on its 757 nar-row-body jet fuselage to Wichita, Kansas, from Renton, Washington, leaving more than 80 employees to look for a new job, a union spokesman said on Wednesday.Reuters - 276 words
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294 2001-07-27 38 Tsai Chao-yang to resume plait to sell part of foundation's 72% stake in carrier Bloomberg CHINA Airlines' largest shareholder named Tsai Chao-yang as chairman in a Taiwan government-led reshuffle that cut short Chang Chun-yen's three-year term as head of the China Aviation DevelopmentBloomberg - 294 words
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LOG Book
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Article125 2001-07-27 38 Bloomberg [AMSTERDAM] KLM Royal Dutch Airlines NV chief executive Leo van Wijk said the airline will not enter into concrete merger talks with another carrier before aviation regulators in the EU and US have reached a decision on the merger plans of British AirwaysBloomberg - 125 words
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62 2001-07-27 38 AFP [TAIPEI] Taiwan s China Airlines said yesterday it will launch direct flights from Taipei to Frankfurt in September. The route would open on Sept 16 with three flights per week, company spokesman Paul Wang said. China Airlines, the leading air carrier inAFP - 62 words
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338 2001-07-27 38 Part of revamp ahead of privatisation at year-end Reuters [BANGKOK] Thai Airways International plans to set up four new units as part of a business reorganisation ahead of partial privatisation at the end of this year, the airline said. Thai Airways chairmanReuters - 338 words
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362 2001-07-27 38 Aussie carrier posts A 5500,000 operating profit in first seven months: CEO AFP [MELBOURNE] Budget carrier Virgin Blue is determined not to retreat from the discount air fare war being waged in Australian skies, the airline's chief executive, Brett Godfrey, saidAFP - 362 words
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Article1840 2001-07-27 38 cm fuwt cu man no UMi AN8229 2230 IH6380 2230 sta» an Amsterdam S023 0635 KL838 2255 0*975 1035 S0328 2325 U> 1485 AacftlMd ****** 2045 IH6986 2020 S0286 2045 *224 2020 S***** 2020 ****** 2045 MH5 IDg omwm gw tns erm ore MOW 1W5 iMM1,840 words
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Advertisement21 2001-07-27 27 Admiralty Casebook: Ship correct in altering corns* to avoid Collision Pg2 Crippled SriLankan Air shifts operations to Dubai and Singapore BackPg21 words
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Advertisement826 2001-07-27 28 1 TO USA/CANADA I I EXPORT 1 I OTHER DESTINATIONS I vcsa 1 VOT I PKG ETA SM |LONG KACHj DAILAS HOUSTON |wEMff«S jcHCACO [nEWTQM TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) OOCI JAPAN ***** 24/07 75/07 10/08 14/01 15/0t 15/08 15/01 11/01 "ZTT ["TZ 1 I T~7Z" OOCL NETHERLANDS 30(31 31/07826 words
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Advertisement694 2001-07-27 28 Ljnes services represented by Members of Ihe Registry of Members of the felSSill Accredited Shipping Agents, ISr Singapore logistics "<o!i2jy Singapore Shipping Association Association CONTAINERS/ CONVENTIONAL CARGO PORT KUNG/SMGAFORI/IAKARTA t (ANGKOR M3Y ETAPKL ETA SIN ETA MALE Prinems Lily MM tl/W tS/K t%W fjnprwis LJh 9701 27/ M 2&DB WW694 words
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Advertisement1322 2001-07-27 29 TO EUROPE FROM EUROPE Ivtssa voy I sw wm anr ham hv sou uh Itvßsa votlkw anr ham wv sou m sn~| HY DUKE 3SOW 29/07 11/00 10/00 20/01 HY DISCOVERY 302! 04/07 00/07 10/07 04/07 21/07 HYINDEPENDENCE 302W 30/07 15/00 17/00 20/00 IS/00 MOLIYNE S44f 10/07 12/07 14/07 IS/071,322 words
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Advertisement2115 2001-07-27 29 TO ASM T/T xlO &ATI 1 jjp JMAfI f/l tl2 AATf I AQASA T/TtISMYS J GENERAL AGENTS IN SINGAPORE: 10 ROMNSON RO #12-00 SAJJES/WGS TIL *****57/43 FAX: 2M5321// 1 fHfIMTHfI fffPKf T NG TEL 07-*****66 FAX: 07-*****70 COSTAB SHIPPING PTE LTD SINGAPORE *****1 OUTWARD (l/l) *****02 *****25/75 PORT RUNG 03-*****6332,115 words
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Advertisement1049 2001-07-27 30 SENATOR LINES TOiUROPf TOMEOIimT/WAWMDSIA vissa vot aw"" lih «t» urn hm» wtv m vtssa vor sm su m POHANG SOUTOR 0017 V* 14.07 10.00 11.0* 1100 U.ot 1S.0» li-0» UKUTMUM 00ISW 10.07 04.0* 07.00 IIN 11.00 HANJMKBIiMG 0011W 17.07 10.00 19.00 H.OO 17.00 H.OO FOWMtET 0015W 04.00 DM 14.00 lIM1,049 words
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Advertisement822 2001-07-27 30 SSASI w!S UWI, *C P.oSflL^Jwm hKW" J OMNOHBIMTaOQOM BMU: (064) ****** UAMLA: (632) #*****4 1 W V PENANG: (04) *****36 BANGKOK; (882) *****87 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKtt (21) *****46 KUCHMQ (062) 42*431-3 NEW YORK PIRAEUS MV "SOPHIA BRITANNIA" V. 13E30 "P&O NEDLLOYD SCOTIA" V. 1513 ETA822 words
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Advertisement476 2001-07-27 30 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO: COLOMBO ft NHAVA SHEVA (CPS MULUND, MUMBAI) ALSO ACCEPTING TO ALL NORTHERN ANO WESTERN ICO POINTS VfSSR NAN IVOT |$'PO>tIcOLO(MO|ILStgVA| CONNKTWO ItONNKTINC vst-usA va-awow BRAZILIAN EXPRES 002W 30 JUL 04 AUG 01 AUG INOAMEX GANGES ZIM ANTWERP V 1124 W7 INOFiX SCI SCIO2W DA476 words
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Advertisement1340 2001-07-27 31 IRISL, Jlh(B OS®®? to Mm m* tfhutsyygjlh IbW <&& fe(£&jg/ {fa? to og 0® (gJUS* (StsWffiftrim to flifoo {fcisQmQ QBim®o AGENT IN SINGAPORE AGENT IN MALAYSIA AGENT IN INDONESIA SI NOSE MARITIME PTE LTD CR N**********00H BOUSTEAO SHIPPING AGENCIES SON. BHD. PT. SV4OSE CONTI PERSADA TEL: *****44 FAX: *****81 KL1,340 words
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Advertisement428 2001-07-27 31 I Loadingfor 1 Zl YUN SHAN RDM/ATW/BMN/UK/LPL I NAZLIG RDM/ATW/BMN/UK/LPL I TINA 1 RDM/ATW/BMN/UK/LPL I Loads Singapore, EVW. Malaysia. Indonesia J Loadingfor BALAJI VINTAGE JDH/AQA RAINIER DBl/ABU/DOH/BRN/DMM/KWT PISCES EXPLORER JDH/AQA/DMT AEGEAN SEA DBVABU/DOH/BRN/DMM/KWT ALQAWIYYU JDH/AQA RADIANT CANOPUS ADN/HDO/JDH HATIME ANA JDH/AQA •Loads Singapore, EVW. Malaysia. Indonesia I Loading for I428 words
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Advertisement1383 2001-07-27 31 horgmre/ smmmu/ mbiarg/ mmwao iangror/bap ta ihbt/laeb QiAUNG Vtssa I VOT I SIN I NRG I SHA I XGG I UO VESA Yot_ SM BB I MTT I LCH lITU IHUM NOII 30/07 04/00 07/00 10/00 1 3/00 flUff jj}s§ mL KAMA IHUM NOII 04/00 11/00 14/00 17/00 20/00 KAl[>o1,383 words
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Advertisement783 2001-07-27 32 iUKOPt/UK/SCANMNAMA EXPORT vbsb/voyage sgp I mxwwg I bhv Inr la I ihv JLHSUUOIOSQI6W 29f17 16/W IMM 19/W E-DBJGHTOMWWOI9 3MP 17/JB IMB 2Q/08 22/08 23/08 mimoiQMiiw qm» v/m 2MB am mwmwmmi 07/w 2Mb 2Mb 3MB lAST AND WIST Hm*IHLIAHtAN/HACX SEA export VESSa/WYAGE SGP I TRA GNAFOS KN |VU IKS lIGBAa9-084W 30/07783 words
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Advertisement401 2001-07-27 32 «AIAII PMIOH dlf/MPIAN *M CONTWBWT MKVO BXPORT VESSEL VOYAGE SGPCMRDURDMNRM NXV ARM JED AOR COSCO REDSEA 0016-040W 30/07 03/08 W/W U/W IVW UM PROMOTE 0476-006W 31/07 04/08 10/08 11/08 17/08 SONGHE 0168W 03/08 14/08 16/08 20/08 UNI ASSURE 0017-024W 04/08 10/08- 14/08 IMB 20/08 UM PREMIER 0477-004W 07/08 11/08 17/08401 words
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Advertisement684 2001-07-27 32 SINGAPORE PTE LTD 15 McCallum Street #03-01/02 Natwest Centre Singapore *****5 Tel: (65) *****73 Fax. (65) *****66 Email: general@ecusin.eculine.net Website: http7/www.eculine net lohore 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 1684 words
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Advertisement436 2001-07-27 32 INDONESIA NATIONAL LINE TO AUSTRALIA J FULL COMTiyMBR BBHVICE va vorlmc aw he w std m m am m ARMORY 40S fo o; 31/07 06/00 11/01 14/01 17/00 rarsoMi m |m/oo 07/00 ~v/m H/oo ji/oo u/oi tmmx lis [li/oo 14/00 ao/o« »/m a/coii/io KtmHOBJM po/ooil/00l 31/00 02/09 04/09 87/09 FEEDER436 words
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Advertisement419 2001-07-27 33 BSA jl M MYANMA wBBk FIVE STAR UNE (Myamnor National Lim) Loading for Yangon vtssa vot sin m «i wi HPA-AN 289W SID MONO LA UW IN PT MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL TO 03-*****300 PKL Til 03-*****101 PEN: TEI 04-*****02 PGU: HI 07-*****21/4 BANK LINE (A strvkt of419 words
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Advertisement1148 2001-07-27 33 HAfAf' HYUNDA^^ERCHANTJWARJNECO^TIX^^^^ 1 Vtssa VOY Ml SOU UN RIM ANT HAM BRV IVBSB I VOY I SOU I IB! I RIM lAM I HAM I BwTTI" ST S w 'in 38 3H 1% :II SSSTSSS S8 SS SS 88 SSL igg S<S Z"" B sssr ss ss ss f: sgr1,148 words
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Advertisement987 2001-07-27 33 vOOv WALLENIUS WILHELMSEN 10 NORTH AND LATIN MURK* "tAR RORO HEAVYUFT SERVICE" ivtssa vor »w height sw uc mo Imm I sav Iml mf wyc new I mo» I TOURCOMG AMI IS 400Tmh 6.3 M 21/07 03/09 06/09 00/09 10/09 11/09 13/09 17/09 19/09 UPIOU AHII6 4001NS 6.3* 12/08 19/09987 words
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Advertisement31 2001-07-27 34 w y t )|f < 1 3?PfIP w f "S" > f Thinking and planning, before you arrive, lg||^^ http: .v. ptp.c om .my Ge fi erri I line: 60/ '>04 i f31 words
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Advertisement979 2001-07-27 35 INDIAN SUB-CONTINEITR Mumbai, Nhava Sheva, New Delhi, EUROPE: All base ports and inland locations Calcutta, Kandla, Ahmedabad, Ludhiana, Jaipur, Jodhpur, NORTH 6 SOUTH AMERICA: USEC, USWC, inland locations in USA and all other Nagpur, Chennai, Cochin, Bangalore, Hyderabad, Coimbatore major countries in South America HHBH Ml T p., 0 AFRICA:979 words
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Advertisement270 2001-07-27 35 \ymm ING LEI SHIPPING CO PTE LTD I I MWa w> SMI2II (I* u»«*} tan JMO«J»/S1I»M I c»mumoooc VESSEL VOY SIN ETA SIN ETD DESTINATION Sinca Central 11/01 27/07 29/07 Dumw/Pwwonq Union Sib 8 08/01 27/07 28/07 M/Llm** Union Sim 12 06/01 27/07 27/07 Bontrn Ungul Joyo 08/01 28/07 29/07270 words
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Advertisement600 2001-07-27 36 Ivessel^VOY^SlN^MAJ^^Sl^l MILDBURG 12N/01 30-31/07 05-08/08 13-14/08 I TIGER SPEED 909N 02-03/08 08-11/08 16-17/08 I TIGER METRO 910S 05-05/08<FC>R DISCHARGING ONLY) I CAPECHARLES 13S/01 0&O6/08(FOR DISCHARGING ONLY) I TIGER BRIDGE 908N 07-08KJ8 13-16/08 21-22/08 I TIGER RHYTHM 911N 10-11/08 16-19/08 24-25/08 IVESSEL^^VO^^SI^^CA^^SI^I TIGER CLIFF 033 29-30/07 0547/08 15-16/08 I XPRESS SPORE600 words
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Advertisement813 2001-07-27 36 FREIGHT LINKS IXPRISS PTI LTD 51 P»njuru Rood, 3rd Levsl, Freight Links Express Logisticentre, Singapore *****3 Tel: *****11 Fax: *****77 E-mail: flesinOsingnet.com.sg Introducing VALPARAISO SOUTH AMERICA SANTOS MANZANILLO FORTNIGHTLY SERVICE BUENO AIRES I Booking 267# 5565/4694/5535/5539/5541/5553/5569/5579/5562/5563 i»»^u«-itr«p«.wml%iiSy' 0 W o KL.«ei.i. LOGISTICS WAREHOUSING SERVICES ENQUIRY CONTACT: EDWARD 9672 9979, VINCENT813 words
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Advertisement1046 2001-07-27 36 !■■> I IlilCC CI NO; *****M0000C Wtk.lL http://pdilMt.cMi I JT? Kll/ LllllCS MAM: TIL 02-221-1333 f/UL 02-221-5272 I MMM W aiSTOK«SERVKLTEbO2-221-SS96 FAX: 02-227-8190 I SINGAPORE: TONO JOO SHIPPING PTt LTD [mat GIHUAT 2111 21/07 GISEN6 ***** 01/08 GILIAN 2121 01/08 GIUAN 2121 01/08 GISENG 2126S 01/08 SHINUNi 1 2113 03/081,046 words
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Page 37 Miscellaneous
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Miscellaneous118 2001-07-27 37 ill Sing^ K Thunderstorm jl Showers q ain Temperature C/-y Wind direction and speed in knots Weather Cloudy Day *jazy Sea Conditions Wind speed symbols r- Slight <1 2m O Full circle w/o line indicates calm or light and variable winds -i—-One hall fleche represents 5 knots Moderate 12m 2.5118 words
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