The Business Times, 8 August 2001

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Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 THE BUSINESS TIMES MTTA (P) 107/03^001 Internet, http. business-times asial com.sg SINGAPORE WEDNESDAY. AUGUST 8. 2001 QSC
    17 words
  • Article
    Lock icon MARKET SUMMARY
    55 1 D MRJI (-1.10) ms™ nßHimn M MOM (-8.00) nmmn mm mat (-o.to) 9VBK M1SKET INDICES KLSEOOMP !3SLf3 xagHai .♦itw HANG SENG l*W7.1l_-HL« S8TQ0EZ MM +IS7 JHKAKTAOmP ***** +111 MANILA COMP U&flt -Lit 8EOUL COMF M7rt.iT.rLW JSS^kjjSS£zzim ■ombay index 4ii(N—-luo i Now EST Chnge WW IMiUt ,+4138 KASDAQ »,B&77
    55 words
  • Article
    Lock icon FINANCE
    67 1 ran sites i USS SI |JSSfSpcrU8S} L7» LfM 1B4 EUB0fU8t/S$/E) <L87i LM4 UB LBO YEN lttl 69.49 BM UN 119 HKS 7.799 4189 lUaT 4m 2U9 RITUH in SMI •SS to WO units ran ftisBB SINGAPORE* 5J0 KUALA LUMPUR l.C JAKARTA MM BANGKOK J.M MANILA 11.00 HONGKONG 8.S0 T/UFH
    67 words
  • Article, Illustration
    Lock icon Goldman chief apologises to all 3 local banks in DBS saga
    735 1  -  BT fA'MIIUWJ In 12-honr visit, he mmti to aahe amends, sources say By Angela Tan [SINGAPORE] Goldman Sachs chairman and chief executive Henry Paulson Jr apologised yesterday to DBS Group, as well as to United Overseas Bank (UOB) and
    ARTHUR LEE  -  735 words
  • Article
    Lock icon SIC explains financial adviser's role
    495 1  -  jLiimimm Question remains whether the industry watchdog will pursue the matter farther By Ling Su Ann [SINGAPORE] Despite last week's public apology by DBS Bank's chairman, and yesterday's amends by Goldman Sach's chief, one question still lingers: Will the Securities Industry Council (SIC), the industry
    495 words
  • Article, Illustration
    Lock icon Peter Kwee buys Laguna golf club
    443 1  -  Deal said to be worth SlOOm; $10m facelift in 2 flim planned By Christopher Tan [SINGAPORE] If you're mad about golf and have $100 million or so to spare, what do you do to make sure you'll always have a place to play? If
    443 words
  • Article
    Lock icon POSB offers credit card for first time
    436 1  -  It eyes average S'porean, sets annual fee at $18 Bi Quak Hiang Whai [SINGAPORE] POSB has jumped into the credit card fray, with a view on carving a niche by catering to the "average Singaporean". But one rival bank was quick to label
    436 words
  • Article, Illustration
    Lock icon Keppel Corp to take KepFels private, offers $1.55 a share
    780 1  -  KepOtrpalM plans to return 50c share ti BhTihtldcrß By Conrad Raj [SINGAPORE] Keppel Corporation announced yesterday it will offer 91.55 for every Keppel Pels Energy Infrastructure (KepFels) share it does not own and will take the company private. "We believe
    CHRIS LOH  -  780 words
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      59 1 EXECUTIVE MONEY I BT COMMENT Look overseas to Three III 110" I 3C directors Signposts for fund retirement: US dollar's ING Barings OIIS«i.GCf in close vote next move Back Page ad Larry Wee. Page 6 Next Page op wonts -5 af-V-J- Tommy Suharto ordered judge's ktting: VIVVI vw w NmxtPmgm
      59 words
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  • NEXT page
    • Article
      Lock icon Three Inno-Pac directors ousted in close vote
      737 2  -  But central to EGITs outcome is controversial decision on proxy vote of minority shareholder By Serena Ng [SINGAPORE] Minority shareholders of lossmaking Inno-Pacific Holdings yesterday succeeded in ousting the firm's chairman, deputy executive chairman and the managing director in very close votes at
      737 words
    • Article
      Lock icon Tommy ordered judge's killing:suspects
      657 2 Police step up efforts to find him; offer US$2,OOO reward AP [JAKARTA] Indonesian police said two suspects confessed yesterday to assassinating a Supreme Court judge last month on the orders of "Tommy" Hutomo Mandala Putra, the fugitive son of former president Suharto. Tommy has been on
      AP  -  657 words
    • ON THE grapevine
      • Article
        Lock icon A mixed report card
        121 2 ITs hard to keep track of economic projections these days not least because the news is often in the nuances. Here's the latest take on the markets from one foreign fund management company: The US market is "approaching a trough, perhaps successfully avoiding a recession", but
        121 words
      • Article
        Lock icon National Day pay cut?
        71 2 TO some, National Day is a time to make statements. Think Centre, a non-governmental organisation, is calling on Singapore ministers to take a pay cut in view of the current economic downturn a 36 per cent pay cut to be precise. Why 36 per cent? one
        71 words
      • Article
        Lock icon No take-off for SIA's Air NZ bid
        57 2 LAST weekend, BT ran an online poll that asked if SLA should give up on trying to get a bigger stake in Air New Zealand. This is how readers voted: ♦Yes, it's obvious SLA won't get the approval 58% ♦No, it will hurt
        57 words
    • Article
      Lock icon Correction
      63 2 IN the report "Jetro warns against shifting production overseas" (BT, Aug 3), we misquoted the Japan External Trade Organisation (Jetro) as saying in its White Paper that a "lack of economic nationalism in Japanese business practices is a factor behind Japan's increasing loss of industrial prowess. What Jetro referred
      63 words
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  • SINGAPORE companies
    • Article
      Lock icon Mid-Con trial adjourned to later this year
      684 3  -  Prosecution has yet to complete its case, with only 13 of the 20 witnesses taking the stand By Rachel Ong, Serena Ng THE Mid-Continent trial has been adjourned to between mid-November and year-end as the prosecution has yet to complete its case after
      684 words
    • Article
      Lock icon FJ Benjamin warns of bigger net loss in fiscal H2 than in H1
      299 3 It blames weak retail sector; says current year may be profitable Dow Jones Newswires LUXURY goods retailer FJ Benjamin Holdings said yesterday it expects its net loss for the second half ended June 2001 to be greater
      Dow Jones Newswires  -  299 words
    • Article
      Lock icon Biggest bank-backed fund manager: OUBAM
      222 3  -  By Genevieve Cua OUB Asset Management is the largest bank-backed fund management company, with around $5 billion in assets under management (AUM). In a statement, the firm says it aims to be given Enhanced Fund Manager status by next year. The status is awarded to
      222 words
    • Article, Illustration
      Lock icon KepLand 2001 provisions seen at $100-135m
      508 4  -  Consultants expect two of its three upcoming launches to be priced below cost By Vince Chong PROPERTY analysts expect Keppel Land (KepLand) to make year-end provisions of some $100-135 million, while consultants believe that two out of the three KepLand projects to be launched
      508 words
    • Article
      Lock icon Extra, extra – read all about it via SMS, email
      384 4  - Extra, extra read all about it via SMS, email New SPH service lets newspaper readers request personalised news By Teh Hooi Ling SINGAPORE Press Holdings is launching a novel service through which newspaper readers can request personalised news and information via a mobile phone or have it sent to their
      384 words
    • Article
      Lock icon Bumpy ride ahead for Japan stocks
      683 4  -  HOftKII.U'UUI.II anthony rowley TOKYO'S Nikkei 225 average is hovering around a 16-year low of between 11,500 and 12,000 and the obvious question is, where will it go frorar here? One prominent US investment banker believes the Nikkei could soon plunge below 10,000 if Prime
      683 words
    • COMPANY Briefs
      • Article
        Lock icon Nera's H1 net rises 76% to $8.3m
        114 5 NERA Telecommunications says first-half2ool net profit rose 76 per cent to $8.3 million on a 91.9 per cent increase in group turnover to $134.1 million. Strong demand for microwave radio equipment in the Philippines, Malaysia and Thailand contributed to the significant rise in
        114 words
      • Article
        Lock icon Wob Hup venture gets LTA contract
        60 5 A VENTURE between Woh Hup, Shanghai Tunnel Engineering and NCC International of Sweden has secured a $344 million contract from the Land Transport Authority to design and build four stations on the Marina Line and their connecting tunnels. It is the second of two
        60 words
      • Article
        Lock icon Yaming IPO 10.2 times subscribed
        145 5 Reuters SINGAPORE-based lighting specialist JK Yarning International Holdings says the public tranche of its initial public offering was 10.2 times subscribed. Yarning, which makes and distributes lighting products, wire harnesses and low-voltage electrical accessories and devices, offered 52 million new shares at 25 cents each
        Reuters  -  145 words
      • Article
        Lock icon Asti says interim profit will be lower
        68 5 Reuters SEMICONDUCTOR maker Asti Holdings says first-half net profit will be substantially lower than that last year. "The decline in profitability is primarily attributable to the global downturn in the semiconductor industry," it said. Asti has taken measures to reduce operating expenditure and
        Reuters  -  68 words
      • Article
        Lock icon Flextech sees drastic fell in H1 gain
        37 5 Reuters FLEXTECH Holdings expects first-half profit to be "drastically lower" than that last year because of the global electronics slowdown. Flextech shares closed 2 cents lower at 78.5 cents yesterday.—Reuters
        Reuters  -  37 words
    • Article
      Lock icon Optus to settle law suit with regulator
      274 5 Dispute with Asic centred on accounting standards Reuters [SYDNEY] Australia's second largest telco, Cable Wireless Optus Ltd, yesterday said it has agreed to settle an accounting standards law suit with Australia's corporate watchdog. The suit, brought by C&W Optus against the Australian Securities
      Reuters  -  274 words
    • Article
      Lock icon Chartered CEO sees no rebound yet for semiconductor industry
      536 5 Reuters THE! world's third largest chipmaker, Chartered Semiconductor Manufacturing Ltd, said yesterday that there were no clear signs of a rebound in the global semiconductor industry and visibility remained poor. "There is nothing concrete I can point to to say we
      Reuters  -  536 words
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      382 3 yv The Royal Bank of Scotland pic SINQAPOK BRANCH pp^ B^bb «wy» %4 iVL.j;."-^-."—*> V' VJ *'-~f_' y _fnt -"?*~v-'%^gSK g THE KEY TO YOUR UK PROPERTY FINANCE Highly competitive interest rate Fart and convenient service Flexible loan package Pre-purchase approval No prepayment penalties For further information, please contact either
      382 words
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      1440 4 Experience and discover the warm hospitality at the Golden Landmark Hotel Singapore located in the Heart of a Historical District close to Bugis MRT and SUNTEC Convention centre and all major shopping areas like the Bugis Junction and Raffles City Shopping Centre. H Enjoy quality superior service with the ultimate
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      Lock icon Page 4 Advertisements Column 2
      69 4 LTUAS AVENUE 2 Hi-Tech Factory for Immediate Occupancy please contaa rmati n Land area 191 6265q ft Built-in area 171,8605q ft Tenure Bal 54 yrs (30+13+30 wef 16/3/1982) Dominic Peters Description A 2-storey office block with a 1-storey factory and a part 228 6894 2/3-storey factory. Class 100 dean-room facility
      69 words
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      Lock icon Page 4 Advertisements Column 3
      273 4 la The Matter Of The CifMiii Act, Cap. M, Sectioa 291 (1) Aad la The Matter Of MDtCOZ PTE LTD Company No. *****6002H STATUTORY DECLARATION BY DMtECTOKS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON Of ITS LIABILITIES The Registrar of Companies. Singapore I. Teng Chee Wai, ol 090 Holland
      273 words
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      37 5 I iSflllMiM <i2>VASIC •PBX 'DOVDKVCLI 'IVR -Screen Pop-up Gal center *CDR CD Database Integration Buy It. Sell It. Find It. ITTTotTI Lianhe Zaobao I S'pore government I for special class for I China's I mayors I "MTU
      37 words
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      109 5 L A Z A R E DIAMONDS 8 3. WJJ-. nu &u„nU >*{& S 4P I jT <^ 4 JP''' I f f m, t(azai t e I i //K)//tC/t/ I f lehantment heqin.' the moment i/''" «•<'<//* <7 Larry/ brooch, araced < «.<•//. Ltizare diamond of the .«triete.it ideal
      109 words
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      299 6 Golden A*1 USIOc 23,212,000 Autron 19,061,000 Asia Food&Prop 16,164,000 SingTel 15c 8,561,000 Chart Semiconductor 26c 8,100,000 UnlFood HK25C 6,596,000 CapttaUnd 6,306,000 Startech 10c 6,034,000 TPV USlC Ju 5,621,000 PNE Ind 10c 5,196,000 facta Chart Semiconductor 26c 40,103,710 0U8 20,278,750 UOB 18,196,100 SingTel 15c 16,145,890 VentureMlg25c 14,038,300 0C8C 13,881,505 OBSGrp 13,733,500
      299 words
    • Article, Illustration
      Lock icon Dealers battle to stay awake as dreary trading continues
      614 6  -  1 1 i comment STOCKS r. sivanithy IT'S NOT easy being a dealer these days. Not in a market where trading is depressingly similar day after day because the same names are in play. Not when overseas markets are weak, the
      614 words
    • Article, Illustration
      Lock icon Signposts for the US dollar's next move
      763 6  -  JKJJLAMlilliHllil A LONGER VIEW Analysts re-working models of MAS'SingS trading bands as it surges past key greenback barriers larry wee THE stamina of Singapore dollar bears was severely tested after it easily broke through an important barrier at 551.7950 to hit a four-month
      Source: JP Morgan Asian Rates Research  -  763 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2811 6 UNIT TRUSTS FUNDS Aberdeen Aaeet Mgt Asia Ltd Aberdeen Select Portfolio. China Opportunities Ml** 0.916 0.963 Global MNCfd 0.704 0.740 Global Technology M!** 0.586 0.616 UK Blue Chip M!** 0.727 0.764 American OpportFd 0.796 0.837 Cont Euro Eqty M!** 0.996 1.047 Japan Eqty Ml** 1.119 1.176 Asian Fixed Income Fd
    2,811 words
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      166 7 —~^mw(<l^H i^^HR Imagine a car so intelligent, it can read the road and adapt to your driving style, using the world's possible impact protection. Plus features that are unique to Citroen like indicators that alert you most advanced suspension system: Hydractive 3, for comfort and control beyond even the most
      166 words
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  • SINGAPORE news
    • Article
      Lock icon Goldman Sachs sees GDP slipping 0.3%
      720 8  -  SINGAPORE ECONOMY Singapore will be the only Asian country outside Japan with a shrinking economy By Chuang Peck Ming SINGAPORE will find itself in a position it isn't used to this year—being the only Asian country outside Japan to see a fall in gross
      720 words
    • Article, Illustration
      Lock icon Economy could shrink 0.5% this year: NUS dons
      504 8  -  ■UiBHiBaijAAMiiHiiLI But 4-7.2% growth likely in 2002 on electronics upswing Bi David Boey SINGAPORE'S economy coukl shrink 0.5 per cent this year only to post between 4 per cent and 12 per cent growth in 2002, thanks to the upswing in global
      Source: NUS  -  504 words
    • Article
      Lock icon Two new Govt subsidy schemes for IT training
      269 8 THE Government announced yesterday two subsidy schemes for IT training to equip individuals with office software and e-business management skills. The schemes, announced by the Infocomm Development Authority of Singapore (IDA) and the Ministry of Manpower, will add up to $16 million
      269 words
    • Article
      Lock icon Shorten preopening session to 15 min
      124 8  -  MAjursm Sim Siew Tin Carol Singapore THE Singapore Exchange (SGX) has implemented the pre-opening and pre-closing trading sessions for its equity market for quite a while now. Perhaps it is time for a review. I understand the need of dealers/remisiers to enter numerous orders
      124 words
    • Article
      Lock icon S'pore banks must innovate, not just imitate
      237 8  -  Kwek Sing Cher Singapore I REFER to your article "DBS Group mulls future listing in Hong Kong" by Audrey Tan (BT, Aug 4). DBS Is focusing on the wrong thing why try to move from No 4 to No 3? Dao Heng-Kwong On's
      237 words
    • Article, Illustration
      Lock icon Labour activist is 1st female Achiever of the Year
      280 8 She Li dtad Aft a force behind wwkar*'righto A SENIOR National Trades* Union Congress official assistant secretary-general Halimah Yacob was yesterday named the first female Achiever of the Year. The award, which is in its third year, is presented to individuals
      280 words
    • Article
      Lock icon Will excitement over 50-storey HDB flats spread to developers?
      380 8 THE Urban Redevelopment Authority is hoping the publicity over an international design competition for Singapore's first 50-storey public flats at Tanjong Pagar will rub off on the private sector. Developers have not been entirely sold on such highdensity housing in the
      380 words
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      919 8 D TheHourGlass Limited (Incorporated in the Republc of Sngooore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 22nd Annual General Meeting of the Company wf be held at Sir Henry KeppeJ 1, Mezzanine Level Grand Hyatt Singapore. 10 -12 Scotts Road Singapore *****1. on Friday. 31 August
      919 words
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      65 8 We welcome letters. E-mail us at btietteroBph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390Kim Seng Road, Singapore*****s. We need your full name, address and telephone number, so we can verify It came from you. Please use temperate language, and bear In mind Hbei
      65 words
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      88 9 ido Star Hub IDD 008 and l-Call 018 connect you to more than 230 countries around the world. So when you call overseas —> this National Day, the whole world can share in the celebration. Whafs more, 1% of the cost of every call you make goes straight to the
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Prickly issues to resolve before Doha
      774 10  -  THEHB Bsnßsiniß OPINION shada islam The writer is BT's Brussels correspondent THE message from World Trade Organization (WTO) director-general Mike Moore could not have been starker: failure to launch a new round of global trade negotiations at the WTO ministerial meeting in Doha in
      774 words
    • Article
      Lock icon IN OTHER WORDS
      63 10 The reason we have difficulty establishing a peer review system has to do with a kind of an Asian culture. You don't want to speak openly in criticism of someone else's work. It is kind of a mutual admiration society, and that has real consequences.' -SknkareKuabe a
      63 words
    • Article
      Lock icon Bracing for a sumo-size shock
      635 10 EDITORIAL AS if the US technologyled downturn and the economic weakness spreading through Europe were not enough, there is another risk which Asian economies must brace themselves for. It's that of an economic shock emanating from Japan, and its possible consequences can, under certain scenarios,
      635 words
    • Article, Illustration
      Lock icon For whom do the regional Bells toll?
      1233 10  -  US Congress considers telecom deregulation's impact on business and consumers From Leon Hadar The writer is BT's Washington correspondent in Washington THE election of a pro-business Republican president has accelerated the political momentum on Capitol Hill for the passage of legislation aimed at
      AP  -  1,233 words
    • Article
      Lock icon Suspected by all,trusted by none
      862 10  -  DOMMEMTARY Foreigners of Chinese descent can have it bad in China By Frank Ching FrankChingisa Hong Kong-based freelance writer THE recent conviction on espionage charges of several US-linked academics, followed by their expulsion from China to the United States, reminded me of the years I
      862 words
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      254 11 InesUn riming global sectors wMi 100% capitalljp guarantee 50% profit locK-ii Please note that this is for illustration purposes only; and is not a representation of the actual performance of the Fund. For the first time, you can reap superior returns from winning global sectors with 100% capital guarantee plus
      254 words
  • REGIONAL news
    • Article
      Lock icon Malaysia steps on debt revamp accelerator
      448 11  -  National debt mediator to be given more powers to clear corporate NPLs From Eddie Toh in Kuala Lumpur MALAYSIA'S national debt arbitration panel is set to acquire more powers, on orders of Prime Minister Mahathir Mohamad, to help clear the backlog of non-performing loans
      448 words
    • Article
      Lock icon Economists further downgrade growth projections for Malaysia
      499 11  -  From Diana Oon Abdullah in Kuala Lumpur BIGGER than expected falls in Malaysia's industrial production in June have sparked further downgrades of it economic growth projections, as economists factor in the impact of a prolonged US downturn on Malaysia's export-led economy. At least
      499 words
    • Article, Illustration
      Lock icon MAS rejigs operations to focus on markets closer to home
      363 11 KUALA LUMPUR MALAYSIAN Airline System Bhd (MAS) has begun rejigging its international operations to focus on markets that are closer to home. Analysts welcomed the move as it will help return the national carrier to profitability, the Malaysian Business Times
      REUTERS  -  363 words
    • LATE Briefs
      • Article
        Lock icon Thai central bank finalising fores rules
        48 11 Reuters [BANGKOK] Bank of Thailand (BOD governor Pridiyathorn Devakula said yesterday the central bank would finalise changes this week to forex trade reporting rules for non-residents. He told reporters the BOT would announce details of the changes for foreigners trading Thai baht.—Reuters
        Reuters  -  48 words
      • Article
        Lock icon Arroyo arrives in Malaysia
        41 11 AFP [KUALA LUMPUR] Philippines President Gloria Arroyo received a red carpet welcome here yesterday on her first foreign trip since taking office, capped by the signing of a formal ceasefire pact with a key Muslim separatist group.—AFP
        AFP  -  41 words
      • Article
        Lock icon Naluri to help TRI cut debt
        86 11 Bloomberg [KUALA LUMPUR] Naluri Bhd may spend as much as RMBSO million (*****.2 million) to raise its stake and help cut debt at Technology Resources Industries Bhd. The participation of Naluri, an investment holding company, is key to helping TRI pare debts ofRM4.2 billion
        Bloomberg  -  86 words
      • Article
        Lock icon Tenaga raises RM1b in unique financing
        64 11 Reuters [KUALA LUMPUR] Malaysia's biggest power utility Tenaga Nasional yesterday raised RMI billion (*****.6 million) in financing through what it said was a unique sale of bonds and preference shares. Tenaga, Malaysia's largest listed company, said the Income Securities issue would comprise interest-bearing bonds
        Reuters  -  64 words
      • Article
        Lock icon Pos M'sia sale to lead to backdoor listing
        49 11 AFX [KUALA LUMPUR] The sale of Pos Malaysia Bhd to Phileo Allied Bhd is intended to list Pos Malaysia on the Kuala Lumpur Stock Exchange via a backdoor listing, Bernama news agency quoted Finance Ministry parliamentary secretary Hashim Ismail as saying.
        AFX  -  49 words
    • Article
      Lock icon Megawati to unveil Cabinet tomorrow: senior party official
      463 13 JAKARTA Dealers cite intervention as rupi&h hits year's high despite uncertainty AP, AFP NEW Indonesian President Megawati Sukarnoputri has virtually finalised her Cabinet lineup after a series of delays, a senior official of her party said yesterday. "It is 99 per cent
      AP,; AFP  -  463 words
    • Article
      Lock icon Move to ease Indonesia's debt burden
      320 13 CANBERRA Australia-World Bank review to focus on debt structure Reuters AUSTRALIA said yesterday it was undertaking a joint study with the World Bank of the make up and management of Indonesia's foreign debt to see whether the international community could ease the massive burden.
      Reuters  -  320 words
    • Article
      Lock icon IMF team may visit Indonesia soon
      100 13 AFP [JAKARTA] An International Monetary Fund team is likely to visit Indonesia later this month to meet key economic ministers appointed by President Megawati Sukarnoputri, an official said yesterday. "They are likely to arrive here in mid-Au-gust and meet the new economic team," Dipo
      AFP  -  100 words
    • Article
      Lock icon Liberalise or lose FDI, Asean warned
      79 13 Reuters [KUALA LUMPUR] The USAsean Business Council urged South-east Asian countries yesterday to stick to regional liberalisation plans or risk seeing the further flight of foreign direct investment (FDI) to China. "We believe that unless Malaysia leads and Asean implements the Afta. .there will
      Reuters  -  79 words
    • ASIA Notes
      • Article
        Lock icon Former bank chief denies embezzlement
        59 15 Bloomberg [TAIPEI] China Development Industrial Bank's former president Benny Hu denied allegations that he embezzled money from Taiwan's biggest lender by market value. Taiwan prosecutors received an anonymous letter alleging Mr Hu embezzled several hundred thousand Taiwan dollars, but he delivered a sworn statement of
        Bloomberg  -  59 words
      • Article
        Lock icon Netease probe report out soon: official
        81 15 Bloomberg [BEIJING] Netease.com Inc, which owns one of China's top three websites, said it will soon release results of an internal investigation into inflated sales. Netease will release the report "in the near future," said Liang Xiangnong, an investor-relations manager at the company. Netease
        Bloomberg  -  81 words
      • Article
        Lock icon HSBC plans China processing centre
        103 15 Reuters [HONG KONG] Banking giant HSBC Holdings said yesterday it planned to open a second back-office processing centre in China in the next year, possibly near Shanghai, as part of a global effort to cut the cost of low value-added work. HSBC chief executive Aman
        Reuters  -  103 words
      • Article
        Lock icon Indian M&A activity falls in H1
        78 15 Reuters [BOMBAY] Mergers and acquisitions activity in India fell sharply in the first half from a year ago as an industrial slowdown put the brakes on profit growth and hurt business confidence, a report said yesterday. A total ofUS$3Ji billion worth of deals involving
        Reuters  -  78 words
      • Article
        Lock icon Probe into 3 Imndian media stocks' prices
        80 15 Dow Jones NewsWires [NEW DELHI] The Securities and Exchange Board of India (Sebi) has started an investigation into the price and volume movements of three media stocks, Balaji Telefilms, Mukta Arts, and Tips Industries, reports the Financial Express. The local daily quoted a
        Dow Jones NewsWires  -  80 words
      • Article
        Lock icon First Int'l to set up Suzhou plant
        60 15 Dow Jones NewsWires [TAIPEI] Taiwan's First International Computer Inc has decided to set up a plant in Suzhou, China to manufacture portable computers. Commercial Times reports. The investment will be carried out by a unit of First International. The initial capitalisation of the
        Dow Jones NewsWires  -  60 words
    • Article, Illustration
      Lock icon Fears of clampdown hit China B shares
      492 15 SHANGHAI Sapid expansion of A share market also a dampening factor Reuters CHINA'S B shares bounced strongly off deep intraday lows yesterday to close only slightly weaker after a technical rebound on the A share market But concerns over a crackdown on bank
      Reuters; Source: Bloomberg  -  492 words
    • Article
      Lock icon HK businesses see bleak second-half: poll
      471 15  -  Stanchart latest bank to lower HK growth forecast From Audrey Tan in Hong Kong HONG Kong manufacturers and exporters are expecting little cheer in the second-half, as most of them reckon business volumes and profit margins will deteriorate, according to a government survey released
      471 words
    • Article
      Lock icon China's regulators plan key meeting in October
      196 15 BEIJING Reuters CHINA'S top financial regulators are expected to meet in October to discuss issues from enhancing supervision to challenges posed by the looming WTO membership, officials and industry sources said yesterday. The meeting would involve the central People's Bank of China, the
      Reuters  -  196 words
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  • BIZ woman
    • Article, Illustration
      Lock icon Getting close with RHB's Yvonne Chia
      888 12  -  The managing director takes pride in everything in her life, writes GAROUME YAP CAROLINE YAP NST WHEN she assumed the helm of RHB Bank Bhd, there were ripples all around. Everyone wanted to know who this woman was. Nowadays you hear little of Yvonne
      NST  -  888 words
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      944 12 Corporation I Keppel Corporation Limited (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2001 The Directors of Keppel Corporation Limited advise the following unaudited results of the Company and of the Group for the half year ended 30 June 2001. COMPANY GROUP
      944 words
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      922 12 CtM IfOO 741 IMt M THE MATTER OF THE COMMNESACT CAP SO SMEE MENG SANTTAN* PUJMBMG PTE US (MMsmMen'MllllMim INMI I Al m EMwdnary Ganenl Meebng of Me Comnany deemed to be IhM M IS Cad SbaM fo*-0l Ced 2001N SPECIAL RESOUTON •Dm Me Company ba eouM «totowty ORDiSAfIY RESOLUTION
      922 words
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      820 12 MTHE MATTER OF THE COMPARES ACT CAP SO AND M THE MATTER OF TN* HOLDMG PTE UD (MCnMMn'VdaMayUMMMen) TAKE NOTCE M i meeang d N endton n h s7r«swrifrs"ci^s OW>l C«l Houm Srapor* *****S on 20 Auoat 2001 II 1130 a.m. 6t* purposes M MM SecMn299 297and299dlaabonAcL AGENDA 1 To
      820 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Lock icon Page 12 Miscellaneous Column 1
      259 12 (JKVPTIC CROSSWORD J ACROSS 4 Line written with stick of crayon 1 Anticipating no strange sort of (6) modem art (6, 8) 5 Deceptive our sitty mistake 9 Noble in Paris who was seized (8) by god (7) 6 Second series on air that may 10 S»ngte payment to casual
      259 words
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      1906 13 3s~=S "77 FOR SALE BY TENDER TheWverwalk *02-21 H!* s, Strata area of 1 873 m (20, 1 61 sq ft) 99 years leasehold from 15 Dec 1980 v. Tenanted to office users Shopping podium was substantially \l}|||j|jj Next to new Clarke Quay MRT station C. Tender closing 14 August
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      69 14 !fpr iSP^i. I s t i v m -J;- > bI S wr f '^'i 1 J J C"-y. f I s >£*? i .^ii ha Til i 11 gMMI Madam Halintah bte Yacob Presented by: to A dedicated community worker and social activist and a force behind workers' rights
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  • FINANCE
    • Article
      Lock icon Futures edge down in dull trade
      308 15  -  8T UqlM tfyore Index CK Lau Refco Singapore SINGAPORE stocks closed yesterday almost flat in a thinly traded market as players searched in vain for fresh market moving factors. The benchmark Straits Times Index edged lower by 1.1 points, or 0.07 per cent, to
      308 words
    • Article
      Lock icon Futures fall as earnings worry hits stocks
      235 15  -  MSCI Taiwan Indfis Daniel Wong Refco Singapore TAIWAN stocks declined for the second day yesterday on earnings concerns after suggestions that Intel may slash chip prices. The MSCI Taiwan Stock Index feU 3.94 points, or 1.87 per cent, to close at 206.32 points,
      235 words
    • Article
      Lock icon CURRENCY REPORT
      219 15 Reuters THE euro fell half a per cent against the US dollar and the yen yesterday as German data underscored the euro zone's gloomy growth outlook and encouraged dealers to take profits on the euro's recent rally. Analysts said the euro's failure to hold above key chart barriers
      Reuters  -  219 words
    • Article, Illustration
      Lock icon Untitled
      1063 15 PrrHRBAMMPQggKATBI Aug7 <* 1— Wr 6g 600»01» fm 9m 06 ONtte N» SS —i Sir 01$ ■jtfwg us$ imi 0 787 HI! °-*5 151 4020 C5 WW W* 1559 1232 X3J09 27.4H 0.920 4206 0.006 I7J69 23.466 0364 056 (SS oil Vm !2£ OM nZ ?JS «®2 1445 l4M *****Z
      1,063 words
  • Page 15 Advertisements
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      30 15 N M ROTHSCHILD SONS m B WflMp Iflpll Tel: 65-535 9677 65-535 9100 Fax: 65-535 8713 m n i i-r» o Email: treasury^rothschiid.com.se Call Rothschild Treasury Services today. Website www.nmrothschMa>m.sg
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  • Article
    Lock icon COMMODITIES
    1570 16 MIHMiyUTUMi Aug 7 MKI(Mnidi*|««lUM BSICMmuaacartVkt) ana mm Opm Mwm <m I— 111 (t—«) IrtTMt S*0I 104.00 Oct 01 106.00 *»0I 107.00 DK0I IOHOO iss3C0ffmaascMtvhf) MM OM Mwtt I— Stt (two) Mwrt SM 58.00 58.00 58.00 225 WOO 01 5825 5125 5825 2100 2125 MmtOI 5825 5825 5850 100 2200
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  • Page 16 Advertisements
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      608 16 Notices Originating Summons) No. *****2 of 2001) In die miner of Aetna Ltd (Registration No. *****0233E) And In die mailer of Section 68 of die Companies Act (Cap. SO 1994 Edition) And \cma Lid (Registration No. *****02 ME) Applicant ADVERTISEMENT OF QMGM4DHG M— Notice is hereby given that an Originating
      608 words
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      340 16 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of INOtGOZ PTE LTD (In Provisional Liquidation) NOTICE OF CREDITORS'MEETMG PURSUANT TO SECTION 296 Of THE COMPAMES ACT, CAP. SO NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act. Cap 50. a meeting
      340 words
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      441 16 K THE MATTER OF THE COMPAMES ACT, CAP. SO ANO CUUNOO LIVESTOCK PTE LTD (to Msmtiri Voluntary Winding Up) At an Extraordinary General Mailing of the Company heM at ISO South Bridge Road. •11-04 Fook HM BuHdtog. Singapore 0M727 on the 4th day of August 2001 M 10.00 am, toe
      441 words
  • WORLD news
    • Article
      Lock icon Productivity in US companies bounces back in Q2
      419 16 WASHINGTON Bnt this is brought about by firing of staff and cutting of work hours Bloomberg US companies were more efficient from April through June as they fired workers and cut hours to cope with the slowest pace of economic growth in
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    • Article
      Lock icon US day trader gets 44 months for Emulex fraud
      236 16 AFP [LOS ANGELES] A young day trader whose bogus news release drove the value of Emulex stock down for 16 minutes i««t year was sentenced on Monday to three years and eight months in federal prison. Mark Simeon Jakob, 24, pleaded
      AFP  -  236 words
    • Article
      Lock icon Flextronics to cut 1,500 jobs in Sweden
      142 16 STOCKHOLM Bloomberg FLEXTRONICS International Ltd, the second-biggest contract manufacturer of electronics, will fire more than a quarter of its staff in Sweden as orders from phone-equip-ment companies decline. The Singapore-based company will reduce 1,500 jobs at four Swedish plants and dismantle its facility
      Bloomberg  -  142 words
    • Article
      Lock icon BP Q2 gain rises on increased output
      319 16 LONDON Higher prices also help profit to jump &2%toUSs3£b Bloomberg BP Pic, North America's largest natural gas producer, said yesterday second-quarter profit rose 5.2 per cent because of increased production and higher natural gas and petroleum prices. Net income on a replace-ment-cost basis,
      Bloomberg  -  319 words
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      Lock icon Japan seen chopping govt spending
      747 19  -  It'll be triumph for Koizumi; Cabinet meets on Friday over next year's spending From Anthony Rowley in Tokyo IN what is supposed to be the first triumph of his economic reforms, Japanese Prime Minister Junichiro Koizumi will preside over a Cabinet meeting on Friday at
      AFP  -  747 words
    • Article
      Lock icon IMF loan to Brazil shows its fears
      485 19 WASHINGTON USslsb line will auhien Brazil against effects of Argentine default: analysts Bloomberg THE US$l5 billion loan the International Monetary Fund (IMF) is pledging Brazil suggests the lender wants to help South America's biggest economy prepare for a potential default by Argentina, investors
      Bloomberg  -  485 words
    • Article
      Lock icon Mexico sells US$1.5b 30-year global bonds
      225 19 NEW YORK Reuters MEXICO on Monday sold US$l.5 billion worth of new 30-year global bonds at a price showing Latin America's second biggest economy was largely insulated from the ongoing economic crisis in fellow emerging market economy Argentina. The new bond, bigger than expected,
      Reuters  -  225 words
    • Article
      Lock icon Taste for risk grows in US corporate bond market
      509 19 NEW YORK Individuals are taking more risks to gst higher yield Reuters SICKLY earnings have doused investors' appetite for the riskiest pockets of the US equity market. But in the corporate bond market, taste for risk is growing. Low yields on
      Reuters  -  509 words
    • Article
      Lock icon Clinton agrees to write 'candid' book for publisher Knopf
      386 21 NEW YORK Estimated USsl2m advance a new record for non-fiction AP, LAT-WP ENDING months of speculation, former president Bill Clinton agreed on Monday to write his much sought-after memoirs for publisher Alfred A Knopf. He told top executives of the New
      AP,; LAT-WP  -  386 words
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  • Article
    Lock icon STOCKS asia
    7310 17 HONG KONG Vat Am 7 HK$ COOP) AcrossAsia MuttKTWdu 1.91 -0.03 0 Alpna Ganaral 0.04 unch 4570 Amoy Prop 8.90 unch 1995 Ananda wing On 0.14 unch ***** Angang New Staal H 0.97 0.04 ***** Anhui Conch H 1.59 0.07 4795 Anhul Eiprtssway H 1.14 0.02 3044 Arcontach
    7,310 words
  • Page 17 Advertisements
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      821 17 Where to wine, dine and entertain.^ D S«t, c^Lc^ The perfect time to relax i and unwind Happy Hour at the Garden Terrace poolside bar With our buyone-qet-one-FREE* special from 5.30pm 7.30pm (Monday Friday), you'll want to raise your qlass to our wide selection of concoctions. Better still, bring your
      821 words
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      48 17 ==L I niche. Advertise in Wine, Dine Entertain of The Business Times Contact May Chan 6 740 1134 or Teresa Quake 740 1275 now. French Bistro, Cozy Ambience. Specialties: Oyster, Salmon Escargot Reasonable Price Friendly Services. R5vn:*****38 U Wr** 9 Specialists Shpg Ctr, #02-38 (Orchard Rd, Somerset MRT)
      48 words
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  • e News
    • Article
      Lock icon Intel set to cut Pentium IV prices by 54%
      408 18 LOS ANGELES It aims to win back market share from rival AMD: analysts LAT-WP, Bloomberg INTEL Corp plans to slash prices on its top-of-the-line Pentium IV microprocessors by 54 per cent this month to stimulate underwhelming demand, analysts who spoke with
      LAT-WP,; Bloomberg  -  408 words
    • e Briefs
      • Article
        Lock icon Content partners for CyberWorks
        95 18 Dow Jones NewsWires Century CyberWorks Ltd said yesterday It will link up r with the online unit of Television Broadcasts Ltd and eight other content providers, in bid to resuscitate its Internet business. The new partners will provide content for CyberWorks' local multimedia platform now.Com.Hk, which
        Dow Jones NewsWires  -  95 words
      • Article
        Lock icon Silicon wafer demand down 21% in Q2
        73 18 Reuters [SAN JOSE, California] Worldwide shipments of silicon wafers, the discs on which integrated circuits are built, tumbled 21 percent in the second quarter as suppliers shut down plants and cut workers. Shipments of wafers totalled 988 million square inches in the second
        Reuters  -  73 words
  • Page 18 Advertisements
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      557 18 fl mm m I I oA'i'fl 9 i in today's With versatile Multißay Oualßay change comes easy. So does versatility. new innovative Multiport with integrated wireless capability, this technology lets you easily re-configure notebook for the job at hand. What's more, our intelligent ..u. NEW Ultra Portable All-in-One Ful Featured
      557 words
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  • Article
    Lock icon SGX clob
    2412 19 BOMDS&WARRANTS Aug? m Mi iw u+y UN M Bar UlWllll A* Mta Urn Mac Ma u» cm** «*a <>• rww iaa w w m> i»>n ub 39.5 26 S ASTI ******1 313 2-5 20 3t.5 29.5 29.5 31 30 26.4 1 16 S 140 34 u 1 A«T#ehW*****7
    2,412 words
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  • BT golf
    • Article, Illustration
      Lock icon Handicaps at golfers' fingertips
      477 20  -  SGA unveils its new centralised handicapping system By Ven Sreenivasan IT has taken four years, hundreds of man-hours and thousands of dollars but it's here at last. The Singapore Golf Association (SGA), which governs the sport locally, has finally unveiled its new centralised handicapping system. With
      RICHARD CHNG  -  477 words
    • Article, Illustration
      Lock icon PRO TIPS
      374 20 This week, teaching and touring professional Unho Park looks at: The Short Game Putting THOSE of you who have been playing golf for some time would have realised that no two swings are identical. The technique will always differ from person to person according to height, build and
      PHOTOS BY RICHARD CHNG  -  374 words
    • Article
      Lock icon Patting spoils my game
      307 20  -  Winning letter KK Liew FOR the past six years, I have been playing golf once or twice a month, with a handicap of between 20 and 28. Hitting below 100 is not a problem and I have gone below 90 several times. I can hit most
      307 words
    • Article
      Lock icon What happens during a 'shank'shot
      386 20  -  Jay Wodarski I HAVE carried a 10-12 handicap for some time. Every so often, I will "shank" my shots while using high-lofted irons sand wedge, putting wedge, 9 iron at the driving range. The problem often vanishes as quickly as it appears. I cannot figure
      386 words
    • Article
      Lock icon Help me iron out my faults with woods
      182 20  -  S B Tan I RECENTLY took up golf and have reached the level where I am proficient with my irons, that is, I can swing well and make good contact with the ball. But when I take out my woods, I just
      182 words
  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      139 20 eet 30 -:oi »t You aren't one who follows in another's footsteps. Well, great minds think alike. jjj > &<$ A V ft v ii 11 f f»* ,>^*V>^--v^J3:t*_t" i >v-% i ■i:* *v lili' s "^MPafcfiagJpSSg^ '^.jr r A/Cs+ -v Th« new Passat. f\, Looks like you have something
      139 words
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      Lock icon Page 20 Advertisements Column 2
      92 20 with o "t v r,' J j < tu a". It <•'.<* A v *«iCh~W~2 ea_. 8 1!* I *C ti t.t t£ o« eo» li** v.ixht-* r BT Golf would like to invite readers to ||HHHHnHHH|HQPH| send in letters or questions related to the sometimes rewarding, often exasperating game
      92 words
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  • Article
    Lock icon STOCKS sgx
    5158 21 soimaBMBP 2 Mr m mm c2 —SB—S22 r 'f"> M» W- rw> U» Iwr »*r Cm M M Wa MULTMNDUSTRY C 5 5 152 »-5 *5 39 395 0-5 195 0.6 104 M-5 39 41 8 c Alliance Tech 95- -75- 74 12 615 6 sAaaFoodWrap *15 *****
    5,158 words
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  • BT motoring
    • Article
      Lock icon Hit-and-run accidents cost insurers in Singapore dearly
      427 22  -  Average claim settled by Motor Insurers' Bureau rises 134% to $36,435, reports Christopher tam CHRISTOPHER TAN HIT-AND-RUN cases have been on the rise and this is costing motor insurers dearly, according to data from the Motor Insurers' Bureau (MIB). The MIB, which settles
      427 words
    • Article
      Lock icon Open bidding for COEs extended to 2 more groups
      312 22 Half of motorcycle and goods vehicle quotas to join Category E OPEN bidding for COEs has been extended to two more categories motorcycles and commercial vehicles. Open bidding, which allows bidders to monitor the prevailing strike price, was introduced two months
      312 words
    • Article, Illustration
      Lock icon Possible debut for 3-wheeled green vehicle
      405 22  -  All reports by CHRISTOPHER TAN A SINGLE-SEAT zero-emis-sion three-wheeler that looks like a Reliant Robin in reverse could become part of the motoring landscape here. That is, if the authorities grant it tax breaks on grounds that it is environmentally friendly. James Diebley, appointed
      PHOTOS BY ARTHUR LEE  -  405 words
    • Article
      Lock icon Vintage motorcycles to get a boost
      218 22 They will be included is Vintage Vehicle Scheme soon FANS of vintage motorcycles will soon be able to import their favourite Harley-David-sons, Indians, Cyclones. BSAs and Triumphs and ride them down Orchard Road. The Ministry of Communications IT (MCIT) has proposed that all vintage
      218 words
    • BUMPER to BUMPER
      • Article
        Lock icon SpeechWorks,Visteon in tie-up
        78 22 SPEECHWORKS International and Vlsteon Corp have announced an alliance to create voice-enabled products and applications for the automotive and consumer markets. The partners will work together to develop products and services for telematics, multimedia, information services, personal productivity, banking and finance and other applications. Speech Works is
        78 words
      • Article
        Lock icon Tougher vehicle seizure laws
        172 22 THE Ministry of Communications IT (MCTT) has proposed an amendment to the Road Traffic Act relating to vehicle seizures. Vehicles with improper documents or unpaid foes can now only be seized when they are being used. The change will allow enforcement agencies to 9eize them when
        172 words
      • Article
        Lock icon Porsche opens new Bangkok showroom
        128 22 PORSCHE has opened a new showroom in Bangkok. Situated off the expressway between the city centre and airport, it replaces the present showroom in the city. The new 320 sqm facility also has a workshop. Porsche's importer in Thailand is AAS Auto Services, a company
        128 words
      • Article, Illustration
        Lock icon N American sales up for Porsche
        83 22 DEarri t slower US vehicle sales in July, Porsche delivered 2,136 cars in North America, up 4 per cent year-on-year. Some vehicles were delivered in the PS and Canada in the financial year ended July 31—a 8 per cent increase from ***** deliveries the
        83 words
      • Article, Illustration
        Lock icon GM ropes in Robert Lutz
        133 22 GENERAL MOTORS has hired Robert Luts as head of new product development bringing the colourful former vice-chairman of Chrysler back into the car-making industry. Mr Lutz, 00, joins from US battery maker E xide Technologies which, as chairman and chief executive, he helped turn around
        133 words
      • Article
        Lock icon New Asia-Pac MD for Rolls Royce
        71 22 ROLLS-ROYCE Bentley Motor Cars has appointed Derek Davies as managing director of its Asia-Pacific office in Singapore. Mr Davies, who has held various management positions at company headquarters in Crewe, takes over from Mark Tennant Mr Tennant returns to Crewe after four years in
        71 words
      • Article
        Lock icon Audi enjoying sales surge in China
        159 22 AT 520,000 renminbi (Sflll,2BoX the latest Audi A 6 is 500 times the average monthly salary in Shanghai. But that was no obstacle to Peng Yong when he was hunting for a new car. "The price was fair," said Mr Peng, a 36-year-old investment
        159 words
      • Article
        Lock icon Mini owners to raise funds for charity
        68 22  -  -o.w-.ifcr Christopher Tan FIFTEEN Minis owned by members of the Mini Enthusiasts Club are leaving for Pulau Langkawi and Penang today to raise fluids for the Home of Abandoned Children in Penang. They will be joined by their counterparts—the Malaysian Mini Owners Association
        68 words
  • Page 22 Advertisements
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      618 22 fIEVIVHMIHHHHHiHHHB BPENTEX-SCHWEIZER CIRCUITS LIMITED (Incorporated In the Republic of Singapore) (the "Company") NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be heW at 55 Penjuru Road, Singapore *****0 on 31 August 2001 at 3.00 p.m. lor the purpose of considenng
      618 words
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  • PERSONAL investment
    • Article, Illustration
      Lock icon Sentiment stays flat
      1227 23  -  inside rrerc red In neutral territory for sth week, index has been reflecting sidewavs movement of STT Bu Robert Halili The writer is managing director of Asia Insider Limited. He is assisted by Ngia Soon Choi in Singapore A STEADY decline in prices of blue chips in
      Source: Asia Insider  -  1,227 words
  • ASIA ONE markets
    • Article
      Lock icon Asia seen to be safe from meltdown
      490 23 No repeat of' 97 crisis as slowdown is cyclical: CMG WHY should investors be interested in Asia (ex Japan) given the deluge of bad news? Singapore, seen as a proxy for the health of Asian economies, has declared a technical recession. Already, several
      490 words
    • Article
      Lock icon CapitaLand's aggressive provisions not far-fetched
      514 23  -  By Yap Khek Heng CAPITALAND'S aggressive provisioning for its residential landbank in its recent results announcement, has generated much controversy about whether they have over-estimated the bearishness of the property market. The provisions a significant half a billion dollars in total implied selling prices on
      514 words
  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      4 23 ■I net research www.rotfmeCTctXßfci.cofn
      4 words
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      Lock icon Page 23 Advertisements Column 2
      22 23 fundsupermart com Alaoatasteonwnartwts.coni jfljwA CapttaLand Torpodood! WfP Proparty prtco doclins modofatlng basad on URA 2QOI statistics KappolLand— No provisions at tntsrim stags
      22 words
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      Lock icon Page 23 Advertisements Column 3
      17 23 Aleoetaeleooemeifcets.com Singapore stocks undervalued; good apeMe potential Aela ex-iapen fund managers' preferred market Recommended Aeien tech fund
      17 words
    • Advertisement
      Lock icon Page 23 Advertisements Column 4
      1314 23 Notices In Tko Mo«k of Tho Comporuo* Act Cop. 50 And In Tho Maaor of KOKCOVE HOLDINGS HI LTD (In Voluntary liquidation) MEMSEtS VOLUNTARY WINDING UP At on Extraordinary Gonorol Mooting of riw Mombor» of tho abovonomod Company duly comanod and hold at IS laonio Ml lead IS-04 Horison Towor
      1,314 words
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  • EXECUTIVE money
    • Article
      Lock icon Clouds over the Singapore front
      1044 24  -  An ING-Barings report sees increasing risks for the Republic as its companies and investors diversify overseas on account of lacklustre returns from local investments. rotamthv examines the factors that undermine Singapore's safe haven status R SIVANITHY EUROPEAN investment bank ING-Barings took a peek into what
      1,044 words
    • Article, Illustration
      Lock icon Ex-CMG chief said to have joined AIB Govett
      315 24  -  By Genevieve Cua KIM Teo, who quit as chief executive of CMG First State Investments in February, is believed to have joined AIB Govett (Asia) with two key members of his former CMG team. Sources say Patrick Fu and Kwok Keng Han
      315 words
    • Article, Illustration
      Lock icon Is Asia a forgotten story?
      1174 24  -  With the region and S'pore yielding poor returns, the only bright spot seems to be China, obmbvbvb cua finds out more GENEVIEVE CUA GOING by market indices, investing for the long term hasn't worked in Asia for a depressingly long time. Will things change? If
      Source: Lipper S&P Fund Services  -  1,174 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      133 25 Reuters THE Baltic Dry Index (BDI) fell seven points to 1,014, the Baltic Panama* Index (BPI) lost 16 points to 963, the Baltic Handymax Index (BHD dropped 47 points to 8,037 and the Baltic Capesize Index (BCD was up one point to 1,194. HMMBAIIB ♦World Raven (built 1996)
      Reuters  -  133 words
    • Article
      Lock icon MARITIME STOCKS
      198 25 aNfai 'WfflssBUM «g7 n w CWT UstrttMtton 0.52 unOl 195 CHUMHUp 0J2 tmcfl *4 Cmco iwmtnmU— 0.22 uneti >99 n«puMi 0.09 melt TO 08iNaMn* 0.52 on 22 IMCH»WW)I-H*( 5-60 unctl 0 J«M'Wm§ 0.16 0XH 203 SStfmS -15 o »WHII«l«i aw 0.01 2677 IUWiT«i* 1.02 OS* 886 Uiwryhw 0-28
      198 words
    • Article, Illustration
      Lock icon Cunard fires 92 staff in UK, US as it cuts back capacity
      716 25  -  Lay-offs represent 17 per cent of Canard's 534 shore-based staff By Beth Jinks [SINGAPORE] Luxury cruise line Cunard sacked 92 shore based employees in the UK and US on Friday as it "dramatically" reduces capacity due to weakened
      716 words
    • Article
      Lock icon MPA starts probe into collision of S'pore ship
      230 25  -  By Beth Jinks [SINGAPORE] An investigation has been launched by the Maritime and Port Authority of Singapore (MPA) into the cause of a collision involving a Singapore-flagged LPG (liquefied petroleum gas) carrier early on Friday morning. The MPA has confirmed that the
      230 words
    • Article
      Lock icon PSA's China unit in software deal
      273 25  -  By Tang Weng Fai [SINGAPORE] A wholly owned subsidiary of PSA Corp in China has signed an agreement with US-based iPlanet eCommerce Solutions to train its personnel and develop software applications based on iPlanet's software. iPlanet will invest US$l million of its software to
      273 words
    • Article, Illustration
      Lock icon Maersk Logistics to buy key assets of US firm
      371 25  -  By Donald Urquhart (SINGAPORE] Maersk Logistics, the integrated logistics unit of container shipping giant Maersk Sealand, has announced its intention to buy key assets and activities of U&based logistics company, Distribution Services Limited (DSL). Maersk has signed a letter of intent
      371 words
    • Article, Illustration
      Lock icon Fortress Europe looms if EU directive on pay of ferry crew is adopted
      784 26  -  STRAIT TALK By Seafarer LAST week British prime minister Tony Blair, while on an official visit to Argentina, delivered a speech which tore into the idea of Fortress Europe and stressed the need for free trade. Ironically
      AFP  -  784 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      246 26 PACE AlirMkM K» A**«hip 5 Assrts S Austral 6 Avant n B'tanqMas BSA 7 BSC 9 en to Bate* 4 Batamtao 9 Baywater 10 can 7 CMACGM 3 COSCO 3 Central Ex 6 Chahaya 10 CtmiSkpq s C«tK 10 CanpassSkpt 10 Colony Log 5 Couoar 7 CVT
      246 words
    • Article
      Lock icon SHIPPING GUIDE
      9924 32 THEBUSINESSTIMES Page 8 EXPORT WEDNESDAY, AUGUST 8, 200 ETA ETA Advertiser V«Ml Voyeqe Telephone To ABIDJAN (ABJ) 2003 Cot* D'lvolrt 8m am COSCO NUMBER BRIDGE OCOW 65-*****00 20/00 Ml MOL MOL NIGER MKA 65 *****46 20/01 WW Klen Hunq KUOLUNG KL*4S 45-*****3 2M 04/* Setramer VILLE DE TANYA
      9,924 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        725 35 VtsMl Voy Mo BwHi jwW jgrtw J—| Nil M* 6 Lmks 104 JOi 07/06/7:15 06/06/1040 C Oratress 07-Aug JK> 07/06/7J5 07/06/1640 7MMMti HOT JI7 07AM/I-J0 09/08/23 40 BiyswiterHS m* J02 07/06/9:45 07/06/2200 msur« *****1 J03 07/06/730 07/06/22:06 •MMM J»-01 J06 07/06/9:40 10/06/540 Jki Hwtt 101 MM J04 07/08/845
        725 words
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        Lock icon CONTAINER SCHEDULES
        1710 35 KECCIYIWC or EXPOET FCl CONTAINERS AND LCL CAMO Booklna/IUiMc* tctk »oy Mo EtWBtr Ported Frew To From Aautti ouo mam mm mo a ot/vx 07/0*51 r-osoc a 04/TTOO 91/0*31 07/040C I 07/0'OC 07/189 o:--4QC MAM 07/M94 07/1700 wSmnouo7/2100 i WW NW) M otfroe 07/0454 o7/o*oc 5 W/M» 07/0M9
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        170 35 August 9 Singapore: National Day South Africa: National Women's Day AafutU Thailand: HM The Queen's Birthday August IS South Korea: Liberation Day Switzerland: Assumption Day Spain: Assumption Day Belgium: Assumption Day France: Assumption Day Italy: Assumption Day Aagaat 17 Indonesia: Independence Day Aagast 27 United Kingdom: Summer Bank
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        769 35 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description at the market. Prices shown are baaed on averagesued stem Market movements are Indicated. The Cockett Bunker Price Index change and the individual
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        346 35 C*tM .1 100 Ma 9023 0.5 6.1 0.11 44 033 *■9 Q*m»T —t* Port— Art Um*tm Ti —H No Mom E2S 0 0 110 0 JT55" 300 Ave 964.6 02 M.7 036 0J8 tarn 300 Mm Mi 0J U OJI SO 0« »W *>■ N»M»m63S 10
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        Lock icon Carriers asking for delays in plane deliveries: Airbus
        790 36 Global economic slowdown dampens demand for air travel, cargo Bloomberg [TOKYO] Airbus Industrie said airlines have asked it to delay aircraft deliveries in 2008 and 2004 as a weak global economy hurts demand for air travel and cargo. The No 2 planemaker
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        Lock icon Thomas Cook India seeks to start charter airline operations
        196 36 Reuters [NEW DELHI] Leisure and travel firm Thomas Cook said it had applied to the Indian government to start charter airline operations to and from India. "Worldwide, Thomas Cook has a total of 85 aircraft. We are now interested in making
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        207 36 Reuters [WASHINGTON] US aviation authorities on Monday ordered stepped-up inspections and tests of a General Electric (GE) engine model equipped on certain Boeing 767 planes, to ensure thrust reverse rs do not activate in flight. The Federal Aviation Administration (FAA) airworthiness directive
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        418 36 Bloomberg [SEATTLE] Boeing Co, the biggest contractor to Nasa, will move 1,100 jobs in its international space station and space shuttle programmes from Southern California to Texas and Florida to reduce costs. Most of the employees, who are engineers and
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        337 36 AP [BANGKOK] Thai Finance Minister Somkid Jatusrpitak said that he wants national carrier Thai Airways International to speed up efforts to sell a stake to a foreign partner. Mr Somkid told reporters that a foreign partner would help the airline strengthen its
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        Lock icon SIA converts 3 options for B777 into firm orders
        186 36  -  By Donald Urquhart [SINGAPORE] Singapore Airlines (SLA) >«« converted thret options for Boeing 777-200 long-range aircraft into firm order* worth an estimated US$4BO million. Contacted yesterday by Shipping Times, an SIA spokesman confirmed the conversion of the options into firm orders,
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        1492 36 cwt rucrn n* fuaw n> MM MB230 850 INUB MO wao b» S02J 0*6 U3I 2255 S*m 0155 SOX 2M5 mm mss MM BOH MS B4M M >WMl tnw W25 •—8MW OOHMMt mo MttW<T 0755 iswitofM* HOT noo sow owo mm M20 MO 2BS mm am
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      25 25 Strait Talk: Fortress Europe looms if EU directive oa pay of ferry crew Is adopted Pg2 Carriers asking for delays ia plaae deliveries: Airbus BackPg
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      640 26 I 'I—H I I exwiwr I i rnmrnmiMuiMMa i wssa wnr wb IniSßl|»— grow [whs Iwoeo bwrann !J to wmrtUftfr»ffTf¥NLttAltomw—| 00Qttn«* 4m nm mm w n/m nm nm nm oi/w 'T i r— 00Q.AMBKA 54£33 U/M 15/01 I 31/1 M 04/W OS/W OS/W 05/W M/W jif .35= Js2* I"* 8
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      540 26 Linn services represented by 6«W) """bersoffelfagislryaf Members of ihe Accredited Shipping Agents, Sin 9 logistics S<ngapore Shipping Association Association SItTUM-MMI |vissa pSf nftt ns S| STOB MU Princess lily VO6Ol U/06 15/06 22/08 Empress Lily IVO7OI 02/09 03/09 I 11/09 I Princess Lily VO7Ol 18/09 19/09 26/09 rwMAMNi HWHB m
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      1009 27 IOEUKOK FROM EUROPE Ivcsa iH m no «i mm ui IliS mlwmii.iMnj ■01MTCGWTY OC2W 10/ M M/M 20/ M 31/ M 01/ M VIH 101 C 22/07 M/ 07 17/17 11/07 M/M muursu torn h/m oi/m m/m 27/ m m/m tnuunu oooe 23/0721/07 m/w io/m 4,1 fWQ 102W 12/ M
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      242 27 *tssa wt m jr sui wU M Big" HS— !SB —as J -y--1 -1 MM it/Mlivm 7i/M ■BCWSM -1 -I- ms ivmltt/w ts/m wm ii/M w"m° lift IMB IMI E<B IM Ml 1 iMB Iwn—iswiinat -I fT" mis it/w!h/w %/m wm nm n/w ISScQpSmfn I llli I IvS 1 aim
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      1036 28 SENATOR LINES (TOiWOW IQMPPIIIAIT/»AM/MP«A MM I msa Iwt Ism' Iti mm m mm m hu_| IvpsH Iwr Ism I m» m mm ■mumpmk mziw mm hm hm vm hm »m mm mmof misw mm iam iij* ism hm TtMINAUK MM 11* lIM MM MM HM MM NUBM MISW lIH UN
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      690 28 —■UMAMIELSgPORI-ii'SlAi CWrtT. —I WW UMES, WC ft QUOANQ: (07) MBB7M liJwwmkmimmn manla-TOMMO* BANGKOK: (MB) SMK7 SURABAYA: (31) MH2II ft khan* muggy jcp.(»i)—wii innnpii) ini-» KOBE/OSAKA AARHUS MV "TMM GUADALAJARA" V.N003 MV "PAO NEDLLOYD COOK" V.01W31 ETA SIN: 12-08-2001 ETA SIN: 12-08-2001 MEW YORK CALCUTTA MV "REPULSE BAY" V.36E32 MV "TIGER
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      452 28 WEEKLY EXPf&SS SAILING SCHEDULE WBfIOUB TO; COLOMM) ft Ml SMBft (CFS MULIfID, MM MOO MXBTMC TO Mi MMTNBM MB NESTBH CO POMTS VBSNNMK TOT ITun—n|l Tir«| in—ITM I.UMOIOm" mm wi-—h MMMMOPMD M2H I3IK II MS SMC HMD M* MM (MM mwm re wurausi mm nun SMS »MS WORI znummk *n»
      452 words
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      1425 29 IVISSa VOY KHH HKO I XN PKI DXI MI W MC MAN KMMAN PCL-219 07/ M 08/00 11/ M ***** ***** 20/0$ H7os 14/09 MAN ISFAHAN PCI-220 14/00 15/00 18/00 19/00 26/00 27/09 29/0$ 31/0$ MAN HOftMOZOAN PCL-221 21/00 22/0$ 25/0$ 26/0$ 02/09 03/09 05/09 07/09 MAN TOMAN PO.-222 2s/0$
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      387 29 UK CONTINENT SERVICE Loadrig tar NAZU Q RDM/ATW/BMN/UK/LPL TINA 1 ROM/ATW/BMNAJK/LPL Loads Snpapore, E/W. Mrtaywa. >ndon— MIDDLE-EAST SERVICE Loading tor RAINIER D6fABUAX>VBRN/DMM/KWT PISCES EXPLORER JDH/AQA/DMT AL QAWTYYU JDH/AQA RADIANT CANOPUS ADN/HOO/JOH HATtME ANA JDH/AQA ALCESHS DBI/ABU/TOH/BRN/DMM/KWT PRABHUOAS DB4/ABU/DOH/BRN/DMM/KWT toads Sngapore. E7W Hatoyna. IndonaMa USA SERVICE Loadng tor CUO PACIFIC CAM/NFK/SAV/NOL
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      1060 29 MOMUM/ MMMMI MM/ «WMO f i I Vtssa VOT SM iws sua ms uo .mm m Ml in aff ia mm Mil us im 2Z9_ mimi ni— 21m zs9 -89 ii/w mm uio ra iS —17S —wr lAMMUM Wit 27/W 11/W M/W 17/W 10/W TaBTHB TVtt UM *AWOKOH fTFT) KAWOKOK
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      963 30 aievirgi i zi||iz::g~ rj. jj| 1 MUffll ktaklhktaktittMiMte'l^tetefe mam fci II mTmhftaa*■*Mfan«-*Mr*Cm— m*Mii*k I lMm.tmmUrnimm.ik4m i isst^i=?cussist u^r£2 seauiiszszttXi'-''*'**"* M ~Htt»CO«N SERVICE I VBSa I VOY I SW Ftc I I'ALSO ACCOTNG CARGO VIA FtEMANTIf TO? MSC INDONESIA U4A 10 AUG 16 AUG |1) SYDNFT :T/T 14-11 DAYS I MONTREAL
      963 words
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      337 30 INPONESIANSnOWALUW^I TO AUSTRALIA ■KM—— I WJLL COWIWWI —WKt w wr w m m m tn m m m m mrm in m/m ~m» m« ~T" ii*» mmmum as m/mti/m mmm w~ vmw* um mm k*> fonw i» MtMj u/w *m n*i FEEDER SERVICE TO INDONESIA 15 i z ~m 1
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      361 31 BSfl it. M MYANMA \BBBk FIVE STAR UNE (Mvoomm MOHBMI UM) Liifag for Tm|M vasa voy sjm m rot poo ntmn rant su ■OKU «w su MALAYSIA AGfNTS: BOOSTIAD SMPPOIG AfiBKKS OL m 83-*****3 M MO; TH 83-*****101 PK m M-uiMH mk m 07-«iaii/4 BANK LINE (A Mrvka »f Aadrtw
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      954 31 i HMNE* _HYUNDAI MERCHANT MARINE CO., LTD. I*** [Ml soo |m|im|Aw ma [mm I voy I son I iai Ira amy nam mv 191 I APISAMONYX 183W 09/00 20/00 22/00 25/00 23/00 NYMPBOt 330 C 23/87 25/07 28/07 u/V 14/07 GOAMVHOO 001W 03/00 M/M 25/00 I*/B 21/00 "Y AMORAL 33X
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      833 31 v&v WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA 'CAR RORO HEAVY Li FT SERVICE' ivpsa Ivor luf I si iir i >ao Imal uy ut lob Inn liiw Imm I 222* H!!i 22T1T2 IM" nm 14/99 u/ vfm "f™ «/'«"wir JJIJ 22" j;/* •V* 17/,# H/,# n/,# ,2/,# ,4 ttUKW
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      875 33 INDIAN SUB-CONTINENTS Mumbai, Nhava Sheva, New Delhi, EUROPE: All base ports and inland locations Calcutta, Kandla, Ahmedabad, Ludhiana, Jaipur, Jodhpur, NORTH A SOUTH AMERICA: USEC, USWC, inland locations in USA and all other Nagpur, Chennai, Cochin, Bangalore, Hyderabad, Coimbatore major countries in South America MIDDLE EAST: Dubai, Jebel Ali, Abu
      875 words
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      234 33 Ilfln EN€ LEE SWPPM6 CO PTE DDI I M S33im I rasa vot sara »n» nsimokm UMS»32 09/01 07/08 OS/OB MM UmS»lO 06/01 06/06 09/06 k UwS»22 09/01 09/06 09/06 WMi Ums*l2 06/01 09/08 09/10 Sam DMDM 07/01 10/08 11/06 ouma> fau/hoM UHMSib 3 08/01 10/06 11/06 17 UmSul 08/01
      234 words
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      612 34 TIGER BRIDGE 908N 06-09 KM 14-17/08 21-22/06 I TIGER RHYTHM 911N 17-20/08 2S-2&06 I MILDBURG 14NA1 14-15/08 20-24/06 28-29/08 1 TIGER SPEED 913N 18-19*06 24-27/06 01-02 A» I TIGER BRIDGE 912N 21-2206 28-31/06 04-06/09 I TIGER RHYTHM 91SN 31-03/09 07-06/09 IVESE^^^vo^^SU^^CAl^^Sl!^! XPRESS PADMA 409 10-11/08 18-20/08 28-28/08 I TIGER CREEK
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      798 34 FREIGHT LINKS EXPRESS PTE LTD 51 P*njoru Rood, 3rd Lovol, Freight Links Express Logistkentre, Singopore *****3 Tol; *****11 Fax: *****77 E-moil: Besin@singnet.com.sg Introducing VALPARAISO SOUTH AMERICA SANTOS MANZANILLO fortnightly service BUENO AIRES Booking 267# 5565/4694/5535/5539/5541/3553/5569/5579/5562/5563 PROJECT SHIPMENT A HEAVYUFT CARGO (CONVENTIONAL A NOtO) Uwwiim a*yS37S. WPt 97****** ll l—lln.n—.M LOGISTICS
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      32 34 023 KMS LOGISTICS (S) PTE LTD AIR SEA SERVICES TO/FROM: MANILA HONG KONG/SHENZEN/ KEELUNG SHANGHAI EUROPE/USA Head Office Tel: *****80 Fax: *****90 Email: kmslog@pacific.net.sg Airport Office: Tel: 542 2089 Fax: 542 2631
      32 words
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      951 34 /Ib IPDZ LINES ■m CUSTOM! SMVHfe TEL 02-221-SSN FAX: 02-227-01N I sw&trottTowGxwswmwcrniJi) j ~ij| I ema ;iw 11/00 mum 1 ?im 10/00 umm am 14/00 ctmt f tin u/oo GtStNC ***** 15/00 GtSENG ***** 15/01 GUOO 211*4 If/01 GUOO 211— 19/00 GMUAI 2191 10/00 SHMUHEI 2115 20/0« GUOO ***** 27/01
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  • Page 35 Miscellaneous
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      123 35 Ttie- —4«>e—^3 LEGEND: Issued by Msteorological Service Singapore K Thunderstorm Showers o Rain emperature Cp/ Wind direction and speed in knots Cloudy Day W< Uhe J Hazy Wind speed symbols SeaXonditions O Full circle w/o line indicates calm or light and variable winds j < 1 2m J —»One half
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