The Business Times, 15 August 2001
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2001-08-15
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The Business Times
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Title Section13 2001-08-15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 Interne* .com.sg/' SINGAPORE WEDNESDAY, AUGUST,IS, 2001 85C13 words
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Article77 2001-08-15 1 □sn 1*647.46 (+21.31) 1 U WtM (+6.35) ST INDEX FUTUKES M46JO (+22.00) □snsci muiEs 20L40 (+2.60) STOCK HASKET INDICES Toeaday Change BSBCOMP 847.75 ♦1.40 NIKKEI 221 11J17J6—+***** HANG SENG 1U9LQ1 _+»172 SET INDEX ***** -LB JAKARTA COMP _441Jf7 +0.716 MANILA COMP 1303.06. -dM TAIPEI Wn 4,689.60 +08-84 8E0CL00MP77 words
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Article71 2001-08-15 1 FOBEX BATES uss s$ USS(SSperUS$) L7M 2(USS/SSperf) 1.418 L4M EUBO(CS$/SS/E) 0m LS7J DM 1186 LMI YEN 1SJ 89.70 KM L8N tm HKS 7JM 4.4* BAHT 4487 tUt RUPIAH 8,438 4,7* PIHB1ATBB SINGAPORE* 5.80 KUALA LUMPUR 7.«7 JAKARTA .39.00 BANGKOK 9.50 MANILA 1100 HONGKONG 850 TAIPK1 .7,84 SYDNEY 8.56 TOKYO71 words
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623 2001-08-15 1 Serena Ng - Industry players say bias towards investment policies unhealthy trend By Serena Ng [SINGAPORE] The insurance industry showed its might in the first half, with sales of sin-gle-premium products almost tripling year-on-year to exceed $6 billion at end-June. Figures released yesterday by the623 words
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Article64 2001-08-15 1 New business safes I I HI 2floT(1M)lwi 2000 (|M) CUB Single premium 6,020 i 1,513 296 CPF Special Account 2,249 j nm CPF Ordinary Account 2,444 792 209 •Non-CPF I 1,327 721 j 84 Annualpfemlum 171 199 -14 Limited period premium 7 12 103 -68 Total premium 6,20364 words
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680 2001-08-15 1 Ling Su Ann - By] Ling Su Ann [SINGAPORE] The Securities Investors Association of Singapore (SIAS) has come out in strong support of the Singapore Exchange's controversial forced one-day suspension of Neptune Orient Lines. "What the SGX did, in my view, was correct. It is playing a680 words
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375 2001-08-15 1 Chua Hui Min - They will encourage the start-ups to set up here By Chua Hui Min [SINGAPORE] Two incubation centres will be set up in Singapore this year to encourage Indian and South Korean start-ups to establish their overseas operations here, a senior Economic Development375 words
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377 2001-08-15 1 Andrea Tan - Byl Andrea Tan [SINGAPORE] Construction firm Neo Corps reverse takeover of beleaguered listed peer Chew Eu Hock Holdings (CEH) has been canned the latest in a series of failed deals entered into by the ma in board-listed company. An industry source377 words
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335 2001-08-15 1 Eddie Toh - rTTexclusive Leaders recognised for their role in nation-building From Eddie Toh in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad and Singapore Senior Minister Lee Kuan Yew will both be maiden recipients of a new award next month for their contributions to335 words
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Page 1 Advertisements
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Advertisement86 2001-08-15 1 maPE Motoring Car Track: Trump card for motor players. Pg 13 New Maybach uttralimo to be pitched above Rolls-Royce. Pg 13 Top stories PacNet deeper in the red with $5.2 m Q2 loss. Pg 4 Tung Lok to open $1.6 m dine-and-bar restaurant with French partner. Pg 9 US July86 words
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Advertisement18 2001-08-15 1 So I feel people here are rather under-insured. AXA revises its bonus scheme, Pg 28 AXA cuts bonuses18 words
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Advertisement30 2001-08-15 1 ROUGH RIDE Larry Wee, Page 6 TWO OPPOSING VIEWS R Stvanithy: SGX overreacted? Nay, policy shift is long overdue, Next Page Conrad Raj: Basis for drastic action flawed, Next Page30 words
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Article754 2001-08-15 2 R Sivanithy - lock siew NOL's suspension: Two views By R Sivanithy FINALLY, the Singapore Exchange (SGX) has censured a listed company and a gov-ernment-linked one, no less for poor disclosure. And it wasn't a slap on the wrist either. The one-day trading suspension imposed on Neptune Orient754 words
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814 2001-08-15 2 Conrad Raj - Byi Conrad Raj MANY who followed the recent exchange between the Singapore Exchange (SGX) and Neptune Orient Lines (NOL) on the bourse's forced suspension of NOL would have realised that Monday's NOL announcement said nothing new. The transport group basically reiterated the points814 words
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Article, Illustration898 2001-08-15 2 Anthony Rowley - It steps op banking system reserves and increases baying of government bends From, Anthony Rowley in Tokyo BOWING to intense pressure for more aggressive action to prevent Japan's economy from plunging into a deflationary spiral, the Bank of Japan (BOJ) yesterday surprised markets withAFP - 898 words
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525 2001-08-15 2 Eddie Toh - Bnt bankers sceptical project will become reality From Eddie Toh in Kuala Lumpur DEBT-LADEN Renong Bhd has revived its ambitious plan to build a US$2.2 billion (553.9 billion) theme park in Johor with Hollywood's Universal Studios but bankers remain sceptical that the525 words
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ON THE grapevine
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Article75 2001-08-15 2 US investment bank Goldman Sachs is engaging vampy violinist Vanessa Mae to perform at its tech conference in Hong Kong next month. Mae will perform at an outdoor gala party on the roof of the Ocean Terminal in Kowloon, according to the Finance Asia.com website. By75 words
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116 2001-08-15 2 IF you're going to Indonesia on a business trip, you may want to check if you need a business visa. Several Singapore companies have had their Singapore passport-holding staff detained by immigration officials at Jakarta's international airport after declaring that they were there on116 words
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Article47 2001-08-15 2 LAST week, BT ran an online poll which said: Keppel Corp will privatise Keppel Fels by offering cash to its shareholders. This is how readers voted: Yes, this is good for all: 29% No, it's not enough: 43% I don't have Keppel Fels shares: 28%47 words
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Page 3 Advertisements
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Advertisement88 2001-08-15 3 I SWISS WATCHMAKERS SINCE 1865 I m I v^*ocx\jf* v >■& <2* HT => I ChronoMaster I 1 m< ,n ll,v< mcnl embodies one ol (lie latest ijreal chal lenses in (he arl «»I Il is I lit* firsi automatic chronograph ino\einent. «ind slill one ot (lie most piccisc and88 words
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SINGAPORE companies
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318 2001-08-15 4 Andrea Tan - Byi Andrea Tan CONSTRUCTION firm Econ International Ltd said yesterday that it has been approached by several parties interested in taking a stake in the group. "Nothing has been concluded with any one of the parties," a source close to the318 words
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Article, Illustration467 2001-08-15 4 David Boey - It cites delay in IDD plans, but says it will be profitable by end-2002 By\ David Boey PACIFIC Internet, the Internet services arm of SembCorp Industries, said yesterday that its second quarter losses deepened 8.1 per cent to $5.24 million but467 words
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Article390 2001-08-15 4 Grace Ng - Counter suspended; winding-up notice comes less than a year after rescue By* Grace Ng OAKWELL Engineering has been served with a winding-up petition by Fleet National Bank, and trading in its shares, which hit an all-time low of 7 cents recently, was suspended yesterday.390 words
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358 2001-08-15 7 Ling Su Ann - Issue seen as first phase of $&2b fond-raiser for takeover of OUB By\ Ling Su Ann UNITED Overseas Bank yesterday announced plans to issue a potential $750 million of subordinated debt, in what is seen by the banking industry as the first leg of358 words
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Article, Illustration413 2001-08-15 7 Tang Weng Fai - By' Tang Weng Fai LISTED Stratech Systems Ltd, which was in the centre of a recent lawsuit, will consult its lawyers today in an effort to take advantage of its recent grant of patent for its car-park system. Stratech, which claimed to have been413 words
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366 2001-08-15 8 Serena Ng - Move comes after ousted chief s injunction against 3 new directors By Serena Ng JUST one day after its three newest directors were slapped with an injunction to prevent them from exercising any powers, Inno-Pacific Holdings said yesterday it has appointed its sole366 words
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436 2001-08-15 8 Reuters SG Securities and Kim Eng Securities downgraded SembCorp Logistics yesterday but Deutsche Bank kept its buy call after South-east Asia's largest logistics firm posted interim results in line with its expectations. "We like SembLog's management and prospects, but the share priceReuters - 436 words
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COMPANY Briefs
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71 2001-08-15 8 DELGRO Corporation yesterday clarified that it was in preliminary talks with Beijing Jin Jian Taxi Company for a joint venture to operate taxis, not rental cars, as reported in BT cm Monday. DelGro did not respond to queries from BT for the earlier71 words
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69 2001-08-15 8 Dow Jones Newswires WBL Corp said yesterday it expects net profit for the 2001 fiscal year to be "significantly lower" than the level a year ago, blaming the rapid slowdown in the global electronics and telecoms sectors. In addition, the lower market valuesDow Jones Newswires - 69 words
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Article100 2001-08-15 8 Reuters BRIERLEY Investments Ltd said yesterday it has increased its stake in Singapore soft drink group Fraser and Neave to 10.186 per cent from 10 per cent. It said in a statement that it had acquired an additional 570,000 shares in F&N through its wholyReuters - 100 words
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Article180 2001-08-15 8 AFX GES International's takeover offer for Eltech Electronics closed on Monday with the company receiving acceptances covering about 41.78 per cent of total issued Eltech shares, taking its stake to more than 86 per cent, lead manager BNP Paribas Peregrine said. GESAFX - 180 words
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Article, Illustration420 2001-08-15 8 Bryan Lee - By Bryan Lee PRECISION drilling specialist Multi-Chem Ltd yesterday announced it will make a major investment in China by the second quarter of next year despite profit falling 54 per cent to $1.99 million for the half-year ended June 30. Chief executive StanleyRICHARD CHNG - 420 words
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426 2001-08-15 8 Rachel Ong - It expects S'pore&ns to eat-on-the-go in 5-10 years' time By 1 Rachel Ong SINGAPORE Food Industries reckons food is a barometer of social change, and with that in mind they are expanding into the chilled fresh food business with426 words
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Article, Illustration432 2001-08-15 8 Analysts polled expect firm to report $14.4-sl4i>m in interim earnings NATSTEEL Broadway Ltd is seen posting a 14-15 per cent fall in firsthalf earnings, in line with the Singa-pore-based electronics contract manufacturer's guidance, as demand is crimped by the global electronics downturn.FILE PHOTO - 432 words
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Page 4 Advertisements
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Advertisement1708 2001-08-15 4 9 introduction and Key Itinflli of Attending Corporate reporting is undergoing a revolution, driven by the demands of transparency by local and global capital markets, and accelerated by the power of new technology. This revolution is having an increasingly profound effect on both the preparers and the users of financial1,708 words
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Advertisement71 2001-08-15 4 LTUAS AVENUE 2 Hi-Tech Factory for Immediate Occupancy For further information, Land area 91 62 65q ft Built-in area 171,8605q ft p;ease contact: 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. Class71 words
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Page 5 Advertisements
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Advertisement6 2001-08-15 5 Size matte rs Service matters more6 words
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SINGAPORE markets
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Article, Illustration547 2001-08-15 6 Theoretical values before Dec 31, *96 Volume Econ tntl 20c 25,632,000 GES Intl Ltd 20c 11,434,000 Fu Yu Mfg 10c 9,839,000 NOL 9,422,000 Autroo 9,228,000 JK Yarning 20c 9,202,000 SingTel 15c 7,255,000 Chart Semiconductor 26c 6,719,000 Addvadech 2.5c 6,475,000 Datacraft 10c 6,382,000 Stoda OUB 50,284,750 UOB 42,339,350 Datacraft 10c 42,015,990547 words
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Article, Illustration575 2001-08-15 6 r. sivanithy - l I comment STOCKS r. sivanithy AFTER falling for five straight sessions, the Straits Times Index bounced back strongly yesterday, gaining 21.31 points to 1,647.45 with technology issues leading the way. Sentiment was helped by a 3.8 per cent surge575 words
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Article, Illustration599 2001-08-15 6 larry wee - llonger view CURRENCIES Fear is that more weakness lies ahead for the greenback after it broke key supports larry wee THE US dollar broke through major support areas we identified a week ago, and while a modest correction was taking placeSource: Reuters - 599 words
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Article2954 2001-08-15 6 UNIT TRUSTS FUNDS Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: China Opportunities Fd!** 0.886 0.931 Global MNC Fd 0.678 0.713 Global Technology Fd!** 0.537 0.565 UK Blue Chip Fd!** 0.703 0.739 American Opport Fd 0.769 0.809 ContEuroEqtyFd!** 0.966 1.015 Japan EqtyFd!** 1.068 1.123 Asian Fixed Income Fd 1.074 1.1072,954 words
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Advertisement51 2001-08-15 7 Cape Land intercom Mr/'V p;; >-- CJ-CW CHEONG WATCH CENTRE CORTINA WATCH CENTRE DELUXE EASTERN WATCH DICKSON WATCH JEWELLERY PRECIOUS T*€ ROT EASTERN WATCH ROYAL WATCH CENTRE SINCERE FINE WATCHES SINCERE WATCH DUTY-FREE Tl (WEST) SINCERE WATCH DUTY-FRff T2 (NORTH) EMOTUS TIME CULTURE TIME CLUB WATCHES OF SWITZERLAND GASSAN WATCH51 words
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Advertisement1381 2001-08-15 7 I fe^INGAPOREACCC^^ I Training Arm of The Institute of Certified Public Accountants of Singapore I I Singapore's Longest Established Accountancy Acodemy Presents I j AOO2 Financiol Reporting Disclosure |Rev,sed) 06 Sep Mr. Ho Chew Seng 0.5 206.00 I A AOO7 Deferred Taxation 21 Sep Mr. Lai Seng Kwoon I 360.501,381 words
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Page 8 Advertisements
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Advertisement181 2001-08-15 8 Desire, the torce that drives all mankind. Feeds our fantasies. VVT-i. A vehicle that can accelerate from hv sweet music from th< Spurs us on to our finest hours. It is the selfsame force that O-lOOkm/h in a mere 6.4 seconds, all the nine-speaker premium ai| will grip you as181 words
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SINGAPORE news
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519 2001-08-15 9 Anna Teo - W7H outlook CBRD forecasts contraction of 3% in third quarter and 2.7% in fourth quarter; full-year contraction of 0.0% Byi Anna Teo THE Singapore economy should hit bottom in the current third quarter, according to forecasts by the National University of Singapore's Centre519 words
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Article, Illustration430 2001-08-15 9 Corinne Kerk - It aims to showcase Asian food in a fan and entertaining environment By Corinne Kerk IN a joint venture with Parisbased Copilot Developments, listed Tung Lok Restaurants will this Friday open a $1.6 million dine-and-bar concept which, at over 11,800 sq ft,ARTHUR LEE - 430 words
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Article, Illustration494 2001-08-15 9 Ronnie Lim - Enough time to iron oat any bogs in new electricity pool rules By Ronnie Lim THE government's divestment of Singapore's power stations which has started to draw big international players here is now likely to begin early next year, industry sources said. "WeFILE PHOTO - 494 words
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265 2001-08-15 9 Vince Chong - Byl Vince Chong PWD Consultants has won a contract to provide masterplanning and architectural design services for a $148 million residential project in Suzhou Industrial Park. The deal, inked yesterday, involves work on a 16.4 ha project in Phase One of the park265 words
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Page 9 Advertisements
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Advertisement150 2001-08-15 9 ©^xus ess Pursuit Of Perfection fantasies. WT-i. A vehicle that can accelerate from jfIjBMMMM sweet music from the Lexus-exclusive Mark Levinson orce that O-lOOkm/h in a mere 6.4 seconds, all the nine-speaker premium audio system* 5 "SCMSO while remaining perfectly poijed and exquisitely responsive, is a vehicle that can realise150 words
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EDITORIAL & opinion
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Article, Illustration865 2001-08-15 10 frank ching - HTTT4 I bottom line OPINION frank ching Frank Ching is a Hong Kong-based freelance writer INCREDIBLE as it may seem, 15 months after Chen Shui-bian of the pro-independence Democratic Progressive Party (DPP) became president of Taiwan, pro-reunification sentiment on the island is at an865 words
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Article36 2001-08-15 10 'Unfortunately, the meaning of what happened in Jerusalem is far more serious than many people would like to think.' -NaUShajUk of the Palestinian Authority, on an Israeli re-occupation of Arab strongholds in Jerusalem.36 words
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Article634 2001-08-15 10 EDITORIAL DEPUTY Prime Minister Tony Tan highlighted this week an issue of long-standing concern: Singapore's over-reliance on electronics, which he labelled a structural weakness in the economy. Economists have long pointed to the predominance of electronics in Singapore's industrial output and exports, and debated whether its role634 words
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Article, Illustration1027 2001-08-15 10 Anthony Rowley - 'Structnr&T reforms to create new service industries are hardly a substitute for a real industrial policy From Anthony Rowley The writer is BT's Tokyo correspondent in Tokyo THERE is a strangely unreal quality about much of the debate going on in JapanAFP - 1,027 words
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Article, Illustration785 2001-08-15 10 Paul Krugman - COMMENTARY Americans may be suffering from self-defeating optimism By] Paul Krugman The writer is a professor of economics at Princeton University NYT THREE years ago, after the collapse of Long Term Capital Management, US financial markets were in crisis. For a few weeks, it lookedNYT; REUTERS - 785 words
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MAIL bag
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422 2001-08-15 11 Manjit Singh Singapore - Manjit Singh Singapore I REFER to your article "No request yet by SIC to appear for hearing, says DBS Bank" (BT, Aug 14). A mistake was made. Public apologies were tendered almost immediately. The reports on this unfortunate incident came fast422 words
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86 2001-08-15 11 Lu Kee Hong Singapore - Lu Kee Hong Singapore I REFER to your article "Formula to cut ministers' pay when economy is down" (BT, Aug 13). If it is the "symbolic" gesture that "some" people are looking for, just do it. Why wait till the formula kicks in?86 words
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334 2001-08-15 11 Gerald Ang Joo Huat Singapore - Gerald Ang Joo Huat Singapore I REFER to your article "Q2 GDP shrinks 0.9% against flash estimate of -0.8%" by Chuang Peck Ming (BT, Aug 9). In his speech to the nation on the eve of National Day, Prime Minister Goh Chok334 words
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83 2001-08-15 11 Ananth Singapore - Ananth Singapore I REFER to your article "Q2 GDP shrinks 0.9% against flash estimate of -0.8%" by Chuang Peck Ming (BT, Aug 9). During these difficult and unpredictable times, we Singaporeans who have taken success for granted need to know how to face failure83 words
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Article460 2001-08-15 11 Sim Bee Lim Singapore - Sim Bee Lim Singapore I REFER to your article "SGX's Links Island formula stirs strong feelings" by Ven Sreenivasan (BT. Aug 9). I am glad your paper is finally saying something about this issue. I recall in August last year, your paper was most outspoken about460 words
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310 2001-08-15 11 Denis Distant Singapore - Denis Distant Singapore I REFER to the letter "SGX's Links Island solution is unfair" by Tan Hong Meng (BT, Aug 13). and look forward to an early and credible explanation from SGX so that other investors on the local bourse do310 words
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Page 11 Advertisements
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Advertisement211 2001-08-15 11 We welcome letters. E-mail us at btletterQsph. com.sgorfaxus 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 in mind libel211 words
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BIZ woman
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382 2001-08-15 12 EMMA TINKLER - Survey finds women fill just 1.3 per cent of top executive jobs there, writes EMMA TINKLER AP [SYDNEY] Australian women are being held back from senior management roles by male sexism, leading women to start their own businesses, according to a surveyAP - 382 words
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331 2001-08-15 12 AFP [HONG KONG] Women are playing an increasing role in the global economy but their wages continue to lag behind those of men, an organiser of next month's Global Summit of Women said here yesterday. More than 40 per centAFP - 331 words
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Page 12 Advertisements
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Advertisement121 2001-08-15 12 vnife *iHifr-, p^pswfwf.' slipDhk f J^^KIyWNK attain an optimal level of wellness... Woven into The Levelz are a multitude of facilities allowing you to embrace and 1 reach new levels of well-being. Experience a sophisticated sanctuary away from the hustle and bustle of the metropolis. Freehold Farrer Road the embrace121 words
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Advertisement187 2001-08-15 12 Y m.-?. M^^M|^^^MB^Bl fife PI T *w* ■s^H 2nd Power Sponsorship Conference The Regent Singapore 27-28 September 2001 Discover the Power of Sponsorship in Multiplying Your Marketing Returns at the 2nd Power Sponsorship Conference. Power Experts Bill Charney (USA) Chair-elect, International Festivals and Events Association (IFEA) Edward Celdard and Laurel187 words
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Advertisement700 2001-08-15 12 I PANPAC MEDIA.COM LIMITED (Incorporated in the Republic of Singapore) I NOTICE IS HBOY Givm THAT the Annual General Meeting of PANPAC MEDiA.COM LIMITED will be held at 371 Beach Road #03-18 Keypoint Singapore *****7 on the 29th day of August 2001 at 1 T.OO a.m. lor the following purposes.ASORDMARYBUSMESS700 words
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Page 12 Miscellaneous
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Miscellaneous287 2001-08-15 12 CHVPTIC CROSSWORD ACROSS the Duke of Wellington (6, 3,6) 1 A Sootsman, chief and ruler of 3 A press list (4) the glen (7) 4 Square dance for gardeners 5 Short paragraph can be added taking industrial acton? (3,4) to story (7) 5 Careful I'm starting a rash! 9 Ordinary287 words
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BT motoring
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BUMPER to BUMPER
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Article119 2001-08-15 13 CYCLE Carriage stock ended four cents higher at $3.34 yesterday on a relatively sizeable volume 0f264,000 shares. Interest was said to have been ftielled by the continued rise of the rupiah, which would improve Cycle's share of forex losses incurred by Indonesian associate Astra.119 words
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142 2001-08-15 13 DAIMLERCHRYSLER has picked AT T Wireless Services Inc to develop voice and data communications systems in Mercedes-Benz, Chrysler and Freightliner vehicles in Notfh America. The group introduced hands-free cell phones in Mercedes cars more than a decade ago and a communications system to help motorists notify142 words
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200 2001-08-15 13 GENERAL MOTORS, Ford Motor and Chrysler won't meet a deadline to build an affordable fuel-efficient car that delivers 80 miles per gallon (28.5 km per litre) and the government programme backing the effort needs an overhaul, Bloomberg quoted the National Research Council as saying. While200 words
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Article, Illustration98 2001-08-15 13 THE Citroen C 5 (above) was launched at the Republic of Singapore Yacht Cluh last week. Distributor Advance Automobile reportedly spent $***** on the party that included dancers, an Impressive buffet spread and fine wines. The biggest launch of a Citroen in recent memory, the98 words
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132 2001-08-15 13 IN WHAT seemed like a settlement over a long-drawn suit Ford presented to a US judge on Monday an offer to formally extend the warranty on an ignition part found faulty in millions of vehicles. The warranty is for a distributor-mounted "thick film ignition"132 words
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129 2001-08-15 13 BRIDGESTONE/Firestone, whose tyres have been linked to 208 deaths and hundreds of injuries, on Monday began feeing the first of more than 100 related lawsuits as opening arguments began in a federal court in Texas. Joel Rodriguez, a Texas physician, is suing the company after a129 words
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Article63 2001-08-15 13 FORD Motor and Navistar Intranational have finalised plans to form a joint venture to build medium commercial trucks. The venture will also explore other advanced diesel engine opportunities. Named Blue Diamond Truck Co, it will initially produce Class 6 and 7 medium commercial trucks that63 words
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Article73 2001-08-15 13 FORD Explorer sales in the US fell 16 per cent this year through July to 233,295 units, a decline that analysts blame on publicity about the massive Firestone tyre recall, new models from General Motors and Toyota, and Ford's own new compact sport-utility, the Escape.73 words
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74 2001-08-15 13 Christopher Tan - Compiled by Christopher Tan IN THE first half, Ford sold 162,900 Mondeos in Europe, up almost 67 per cent from a year ago. That made Mondeo the best-seller in its class in Britain, the Netherlands, Denmark, Norway, Hungary and Ireland in the first six74 words
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Article564 2001-08-15 13 christopher tan - f^sftrack Is the end of the road near for motor distributors? Not if they can seize the opportunities in the after-sales market christopher tan WITH car manufacturers wanting to be their own importers and eventually retailers in more and more markets, the writing's on the564 words
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Article, Illustration464 2001-08-15 13 CHRISTOPHER TAN - nTT exclusive Price of D&imlerChrysler's 6m flagship likely to be well above $lm All reports by CHRISTOPHER TAN DAIMLERCHRYSLER'S Maybach ultra-limousine is likely to be priced above the Rolls-Royce in many markets, according to sources who attended a hush-hush preview of the464 words
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348 2001-08-15 13 Its big showroom at K&mpong Übi has received an offer, says receiver THE liquidation of Intra-Mo-tors a defunct Rover trading unit of listed Intraco is now into its second year, but there are signs things will be wrapped up in the next few348 words
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483 2001-08-15 13 Toyota green car Prius comes to S'pore —finally Delay means buyers have less time to eiyoy tax rebate AFTER a delay of over a year, Toyota's Prius touted as the world's first mass-pro-duced vehicle that runs on both electricity and petrol will be launched late next month. The dual-power hybrid483 words
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Advertisement821 2001-08-15 13 Notice of Annual General Meeting NOTICE S HERESY GIVEN that the 41st Annual General Meetng of C IC TANG UMTTH) be held at Sir Sainton) I. Mezzarane M Grand Hyatt fepn 10-12 Seotts Road. Smgapore *****1 on Thunda» 30 August 2001 »t 10 00 am far the faiowing Imposes AS821 words
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FORMULA ONE
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Article, Illustration735 2001-08-15 14 CHRISTOPHER TAN - Wanna race If you're behind the wheel of a Mercedes SL 55 AMG, unlikely to be left unanswered. The car is the swiftest Merc up reports Christopher tak CHRISTOPHER TAN Before Mercedes-Benz rolls out its no-holds-barred SLR sports car late next year, it's presenting the SL 55 AMG perhaps as735 words
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Page 14 Advertisements
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Advertisement124 2001-08-15 14 v Mercedes-Benz is a trademark of DaimlerChrysler. 4me fcj Longing. The New C-Class Sports Coupe. Let your feelings go. How wonderful it is to dream. Of butterflies In your stomach. Of the pure corner to life. Of the commanding power The new C-Class Sports Bring capturing the rush of youth.124 words
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REGIONAL news
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420 2001-08-15 15 JAKARTA Price could be lower in rnpiah terms as exchange rate strengthens Bloomberg CYCLE Carriage, which owns 31.7 per cent of PT Astra International, said recent gains in the rupiah may persuade Indonesia's largest automaker to hold back the sale of itsBloomberg - 420 words
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LATE Briefs
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68 2001-08-15 15 AP [JAKARTA] An Indonesia court has sentenced a man to 11 years in jail for sending 14 parcel bombs to churches and clergymen on Christmas Eve, a judge said yesterday. Edi Sugiarto was found guilty of producing the bombs and posting than to severalAP - 68 words
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58 2001-08-15 15 AFP [BANDA ACEH, Indonesia] The Indonesian navy is mounting an operation to cut off seaborne shipments of weapons and other supplies to separatist rebels in Aceh on Sumatra island where at least five more deaths were reported yesterday. Navy Chief of Staff IndrokoAFP - 58 words
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67 2001-08-15 15 AP [KUALA LUMPUR] Saying that only "praise" was allowed, die head of Malaysia's largest ethnic Chinese party has barred members from making any negative public statements about party matters. Ling Liong Sik, president of the Malaysian Chinese Association, said the move was "anAP - 67 words
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51 2001-08-15 15 AFP [MANILA] Deposed former president Joseph Estrada won a court order to temporarily leave his place of detention for a day so he could file a libel suit against an army officer who accused him of drugs-related money laundering, officials said yesterday.AFP - 51 words
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Article58 2001-08-15 15 AFP [MANILA] Legislators are rushing to pass a bill by the end of September to get the Philippines removed from a blacklist of money-laundering havens, officials said. "We're pushing for the approval of this bill at the soonest possible time, probably before Sept 30," HouseAFP - 58 words
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249 2001-08-15 15 BANGKOK Govt to contribute 25% to fluids set np by foreigners Reuters THAI Finance Minister Somkid Jatusripitak said yesterday the government would seek Singapore's support for its plan to launch equity investment funds to lure foreign investors. Mr Somkid told reporters PrimeReuters - 249 words
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290 2001-08-15 15 KUALA LUMPUR Reuters SHARES of Malaysia's cash-rich Phileo Allied rose yesterday as investors speculated its plan to buy state-owned Pos Malaysia might be dropped allowing it to make better use of its cash hoard. The stock closed at RM1.87, up 14 sen onReuters - 290 words
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504 2001-08-15 16 JAKARTA Govt to review 2001 Budget assumptions, says minister Reuters, AFX, AFP INDONESIA'S new chief economics minister Dorodjatun Kuntjoro-Jakti warned yesterday the current sharp rise in the rupiah against the US dollar posed a risk to the country's struggling economy. "The rupiah's sharp appreciationReuters,; AFX,; AFP - 504 words
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149 2001-08-15 16 Reuters [JAKARTA] Indonesia's State Enterprises Minister Laksamana Sukardi said yesterday he was studying the possibility of replacing the chief of the powerful bank restructuring agency Ibra. Control of Ibra was transferred to Mr Laksamana on Monday, and analysts expect the tough former bankerReuters - 149 words
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Article185 2001-08-15 16 JAKARTA AFP INDONESIAN police were yesterday questioning a grandson of former Indonesian dictator Suharto over the alleged illegal possession of bullets. Ari Sigit, Suharto's eldest grandson, was brought to city police headquarters late on Monday after police found at least 70 bullets at his residence inAFP - 185 words
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302 2001-08-15 16 KUALA LUMPUR Adhiyasa has applied to court to seize stakes in 3 firms Bloomberg KUMPULAN Guthrie Bhd, Malaysia's No 3 plantations company, said it's being sued in Indonesia by PT Adhiyasa Saranamas for US$25.B million for an alleged breach of contract. Adhiyasa also appliedBloomberg - 302 words
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333 2001-08-15 19 Diana Oon Abdullah - From Diana Oon Abdullah in Kuala Lumpur PORT operators Northport Corporation Bhd yesterday said it is paying RM21.75 million (Sslo.l million) for an 80 per cent stake in Port Klang Distribution Park Sdn Bhd (PKDP). The purchase price was based on333 words
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200 2001-08-15 19 THE Securities Commission yesterday said it would not consider an application made by Ekran Berhad to grant it retrospective approval for the unauthorised use of over RM7I3 million (*****.8 million) raised in a rights issue more than three years200 words
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ASIA Notes
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80 2001-08-15 19 Reuters [HONG KONG] Up to 1,000 people could be laid off in Hong Kong's insurance industry in coining months as it undergoes a severe shakeup brought on by fierce competition, Bernard Chan, a legislator representing the insurance industry, said yesterday. "Overall, the situation isReuters - 80 words
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83 2001-08-15 19 Dow Jones Newswires [NEW DELHI] India's Prime Minister Atal Bihari Vajpayee plans to review the reasons for the country's sluggish economy during separate meetings with the Council On Trade Industry (CTI) and the Economic Advisory Council early next month, the Financial Express reported yesterday.Dow Jones Newswires - 83 words
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71 2001-08-15 19 Reuters [SAN FRANCISCO] Chinese bank workers, ranging from tellers to top executives, will be trained at a programme at San Francisco State University designed to bring China's financial services in step with global practices, university officials said on Monday. It is aimed atReuters - 71 words
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441 2001-08-15 19 Audrey Tan - Bet financial secretary says the forecast is 'unduly pessimistic' From Audrey Tan in Hong Kong THE Economist Intelligence Unit (EIU) says that it expects Hong Kong's business environment to deteriorate the most in its ranking of 60 countries, a forecast which Financial441 words
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140 2001-08-15 19 Dow Jones Newswires [HONG KONG] Pacific Century CyberWorks Ltd reiterated it has no plans to cut more Jobs at the moment a company spokeswoman said yesterday. Her remarks were in response to a report in Oriental Daily News that CyberWorks was doseDow Jones Newswires - 140 words
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Page 15 Advertisements
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Advertisement36 2001-08-15 15 nr?©tri Lianhe Zaobao I I Hunan University I I chancellor on the I I breakthrough I t V I I via fusion of I I namometer I I biotechnology I I I IflMMtetflUMt I I Ol36 words
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Advertisement107 2001-08-15 15 among cquaL I UJtmi IPm KB /W /wo consecutive years, u>e were voted Asia 's best by Asiamoney's 2001 Business Travel Poll. Asia's best resort hotels 1. Banyan Tree, Phuket, Thailand 2. Amanpuri, Phuket, Thailand 3. Four Seasons Resort, Bali at Jimbaran Bay A. Grand Hyatt, Bali 4. Ritz-Carlton, Bali107 words
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FINANCE
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Article292 2001-08-15 16 CK Lau Refco (Singapore) Pte Ltd - ST Indeg/MSdSTpore Index CK Lau Refco (Singapore) Pte Ltd INVESTMENT upgrade and Bank of Japan's monetary easing sent Singapore shares surging yesterday as technology shares and blue chips chalked up handsome gains. The benchmark Straits Times Index surged 21.31 points, or 1.31 per cent, to close292 words
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243 2001-08-15 16 Daniel Wong Refco (Singapore) Pie Ltd - MSCI Talma Index Daniel Wong Refco (Singapore) Pie Ltd TAIWAN stocks rose, led by United Microelectronics Corp, after Goldman Sachs Group upgraded Intel and other US chipmakers. The MSCI Taiwan Stock Index gained 3.74 points, or 1.76 per cent, to close at 216.55 points.243 words
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Article237 2001-08-15 16 Reuters t JmmUW THE yen fell a quarter per cent against the US dollar yesterday and a third of a per cent against the euro to hit 31/2 month lows, hurt by the Bank of Japan's surprise easing of its already super-loose monetary policy. The BOJ said itReuters - 237 words
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Article, Illustration1179 2001-08-15 16 IMTKS ft A ha CROSS RATES 14 *s c$ un rfr >■ m yw m wm*% n» s$ —i m m% mtHmt *atrm 0.796 4-289 0571 1789 LOO 4.031 2435)***** 0.634 (454 1.964 1209 33.049 ***** 0.909 4277 0575 ***** 2169 OJM 05)7 C«ada L257 5590 0.726 4.762 1420 5.0661,179 words
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Page 16 Advertisements
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Advertisement282 2001-08-15 16 mnmuMfr ENGINEERING LIMITED TWINWOOD ENGINEERING LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Twinwood Engineering Limited (the "Company") will be held at 10 Penjuru Close, Singapore *****8 on 7 September 2001 at 4.00 p.m. for the282 words
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TRADESPUR
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Article, Illustration901 2001-08-15 17 Go Fish A Look At Australia's Seafood Industry Spanning some 8 million square kilometres, the Commonwealth of Australia is both a continent and one of the world's largest countries. A prosperous and independent nation, Australia is a political federation with a central gcMcmment (the Commonwealth) and 6 constituent states (New901 words
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Article, Illustration858 2001-08-15 17 TDB and the Building and Construction Authority (BCA) jointly organised an infrastructure business mission to India earlier in March this year. 11 businessmen from 5 engineering consultants and 3 construction firms participated in the mission which visited 3 cities, namely, New Delhi, Bangalore and Hyderabad, and858 words
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525 2001-08-15 17 Maritime Logistics Week, 3-7 Sep 2001 LEAP2OOI, Asia INTERPRISE Singapore 2001, Asia Pacific Maritime 2001 3 Sep, LEAP2OOI, Singapore International Convention and Exhibition Centre, Suntec City TDB is organising the biennial Logistics Enhancement anH Applications Programme (LEAP) 2001 to announce six programmes for the industry. First launched in 1997, LEAP2OOI525 words
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Page 17 Advertisements
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Advertisement44 2001-08-15 17 For more information, please call TDB Tele Trade Information includes Information on Import Export TF iC C TDB Business Library Services fIMB TDB Trade Fairs Missions, Business Seminars and Courses 24-hour hotline Setting up a Representative Office in Singapore or Visit our website: www.stdb.com44 words
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Page 18 Advertisements
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Advertisement137 2001-08-15 18 ORIGINAL \^Hk y /ilfir -r \^y/w i mli raUIHINb AGAINST individual. Germany's Glashtitte Original, HH a Saxon watch manufacturer rich in I_ H II 111 111 tradition, has been producing originals since 1845 to disprove such speculation. h h b| Senator Classic Perpetual Calendar Panorama Date, PEOPLE, AS LONE AS137 words
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Page 19 Advertisements
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Advertisement304 2001-08-15 19 Notices IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF VTTEL DEVELOPMENT (S) PTE LTD (Incorporated in the Republic of Singapore) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 15 Kian Teck Crescent304 words
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Advertisement392 2001-08-15 19 THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JENHN INVESTMENT PTE Lit) (IN MEMBERS' VOLUNTARY LIQUIDATION) wynrr of finai. meeting NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. SO that the Final Meeting of Members of the abovenamed Company will be held at392 words
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Advertisement422 2001-08-15 19 Save up to 30%* on ANA to the USA♦ Enjoy extra savings with ANA! fIIMUMi Depart Arrive USA Depart Arrive USA It's now even more rewarding to fly ANA to the US on First or Business Class. That's because ANA offers some Newark 1100 1030 Chicago 1100 0835 of the422 words
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Article1786 2001-08-15 20 8IC0M FUTUMB8 Aug 14 RU6KR (Mm cMMf at SJOpa) RSS1 CONTRACTS CtoM VoMm OpM Moot* HUh i— tgt (H—M) toterwt Sep 01 104.50 Oct 01 ***** Mo* 01 107 JO Dec 01 108.50 RSS 3 CONTRACT (US cents/kg) Mm OpM Mowtli jjtefc Lmt Sett (two) Interest Sep 01 58.251,786 words
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Page 20 Advertisements
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Advertisement200 2001-08-15 20 Where to wine, dine and entertain...*""? <o) Giulio and Antonella don't always aqree But for unique Italian "trattoria Style" cooking, there can be no argument. Bella Italia, 15 August -15 September The best of Italian "trattoria style" cuisine by chefs Giulio and Antonella. Pius fine Italian wines, jewellery and fashion200 words
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Advertisement222 2001-08-15 20 Carlton Hotd Singapore goes truly Asia in^ I our Malaysian Food Festival at Caft Vic. Featuring renowned Chefs from Malaysia ij >nd grand buffet of traditional dishes In addMon to attract** lucky draar prim, mc* patron of our Fn4 Faotfval atand a chanca to ato a trip tor 2 to222 words
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Advertisement130 2001-08-15 20 If you feel you've over indulged and want to go easy on your diet, our special line up of vegetarian dishes will thrill your tastebuds with a different sensation. Try Claypot Beancurd with Egg Plant Bamboo Pith and Steamed Marrow Roll with Vegetarian Ham Celery. Price ranges from $6 to130 words
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Advertisement117 2001-08-15 20 r v ±jV*sSs|Ls k* The Essence of Bordeaux Gastronomy %y at lop ol the 'M' Revolving Restaurant f presented by Guest Chef Eric Braquessac 15- 26 August 2001 Revolving *"',"to"' Bon Reservations: 831 6258/88 3C Mandarin |U Singapore SC 588 l^ 333 Orchard Road, Singapore *****7. Tel: 737 4411 Fax:117 words
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Advertisement33 2001-08-15 20 The most talk about Apple Pie Deep Fried Cheese In Town French Bistro, Cozy Ambience. Specialties: Oyster, Salmon Escargot Reasonable Price Friendly Services. Rsvn: *****38 KmSpecialists' Shpg Ctr, #02-38 (Orchard Rd, Somerset MRT)33 words
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WORLD news
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445 2001-08-15 21 WASHINGTON It's a sign Americans may be buying enough to keep economy growing Bloomberg US retail sales excluding cars rose in July as business increased at electronics, furniture and department stores, a sign Americans may be buying enough to keep the economyBloomberg - 445 words
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LATE Briefs
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107 2001-08-15 21 Reuters [CHICAGO] Wal-Mart Stores Inc, the world's largest retailer, yesterday reported a scant 2 per cent rise in Q2 income and warned its Q3 profits will come in at the low end of Wall Street forecasts ranging from 33 to 36 US centsReuters - 107 words
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101 2001-08-15 21 AFP [FRANKFURT] Dreadner Bank, a subsidiary of insurer Allianz, reported yesterday that pre-tax profits in the first half fell by 12.7 per cent to 616 million euros (***** million) owing to weakness on financial markets and rising costs. But net profit rose 44 perAFP - 101 words
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41 2001-08-15 21 Reuters [CRAWFORD, Texas] US President George W. Bush on Monday signed legislation authorising US$5.5 billion in payments to farmers hammered by drought and low prices for grains, the fourth farm rescue package in four years.—ReutersReuters - 41 words
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Article103 2001-08-15 21 Bloomberg [WELLINGTON] Telecom Corp of New Zealand's fourth-quarter profit fell 11 per cent, reflecting the cost of funding its investment in Australia's AAPT Ltd and rising operating costs within that subsidiary. Profit from operations in the three months to June 30 fell to NZ$l54Bloomberg - 103 words
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Article, Illustration433 2001-08-15 21 ZURICH Reuters ÜBS AG, Switzerland's largest bank reported a 26 per cent drop in second-quarter net profits yesterday. Net profits for the three months of 1.385 billion Swiss francs (Ssl.4 billion) were helped partly by stable revenues in private banking alongside underlying strengthReuters - 433 words
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241 2001-08-15 21 Reuters [WASHINGTON] The US current account is unsustainable and could mean the dollar is at risk from a sharp depreciation, the International Monetary Fund said in a report released yesterday. In its latest annual assessment of the US economy, the IMF failed to reach aReuters - 241 words
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527 2001-08-15 23 NEW YORK Moves could include tougher disclosures on investment holdings in firms Analysts cover FT THE New York Stock Exchange (NYSE) is considering changes to its rules governing brokerage house stock analysts, including tougher disclosures on the investment holdings by analysts in companiesFT - 527 words
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Article, Illustration530 2001-08-15 23 NEW YORK Bad news expected, investors looking for demand indicators Bloomberg INVESTORS will watch earnings reports from three technology companies in the next few days for a recovery in the computer industry. Though investors say the companies Applied Materials Inc, Dell ComputerBloomberg - 530 words
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260 2001-08-15 23 Bloomberg [NEW YORK] Goldman, Sachs Co gave its top stock rating to semiconductor maker Intel Corp, whose shares have fallen by more than half in a year, and several other chipmakers, saying that business may improve in the fourth quarter. Terry Ragsdale, a Goldman analyst,Bloomberg - 260 words
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Article, Illustration501 2001-08-15 24 More jobs are on the block, as company filings with the US Security Exchange Commission on Monday show. More than 300,000 job cuts have been announced in the last few months as companies around the world wrestle with slowing growth and plunging demand. TelecommunicationsBloomberg - 501 words
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267 2001-08-15 24 All layoffs at online division, either this week or next LAT-WP [LOS ANGELES] AOL Time Warner Inc, grappling with an anaemic advertising market, is preparing to lay off as many as 1,000 employees in its online division, according to sources familiar with theLAT-WP - 267 words
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295 2001-08-15 24 Move comes as it squeezes efficiencies out of acquired firms Reuters {BOSTON] Tyco International Ltd is in the process of cutting nearly 11,300 jobs while closing or consolidating nearly 300 plants in connection with acquisitions made during the previous and current fiscalReuters - 295 words
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408 2001-08-15 24 Bloomberg [MURRAY HILL, New Jersey] Lucent Technologies Inc, the leading US maker of telephone equipment, agreed to pay fired chief executive Richard McGinn US$5.5 million in severance. The company dismissed Mr McGinn in October, three years after his promotion to CEO. LucentBloomberg - 408 words
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Article7407 2001-08-15 21 HONG KONG v« Aug 14 HK$ COOP) AcrossAsia Multimedia 1.66 -0.02 2402 Alpha General 0.04 unch ***** Amor Prop 8.55 unch 1622 Ananda Wing On 0.14 unch ***** Angang Nn StMl H 0.93 -0.04 ***** Annul Conch H 1.73 0.04 2134 Anhul Eipressway H L28 0.01 678 Arcontech7,407 words
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Page 21 Advertisements
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Advertisement115 2001-08-15 21 Mature H Fine Quality Rich in Character I A Prestigious UK University Degree Following the success of our first vintage (General MBA), we celebrate with the launch of a brand new vintage: Financial MBA Awarded by The University of Nottingham Top 10 Premier League University in the UK Ranked 6th115 words
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BT golf
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Article, Illustration799 2001-08-15 22 VEN SREENIVASAN - VENSRUtiMiVASAM looks at an exercise programme to help golfers strengthen their backs and necks for better performance VEN SREENIVASAN AS golfing legend Gary Player once said, unfit people tend to think they have a better chance of performing well at golf than anyPHOTOS BY RICHARD CHNG - 799 words
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Article, Illustration310 2001-08-15 22 Teaching and touring professional Unho Park looks at Bunker Play standard WHEN it comes to extracting your ball out of a bunker, a few basic changes must be made to your usual set-up such that: 1. Your body alignment which includes shoulders, forearms and feet are pointing toPHOTOS BY RICHARD CHNG - 310 words
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Page 22 Advertisements
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Advertisement171 2001-08-15 22 BT Golf would like to invite readers to send in letters or questions related to the sometimes rewarding, often exasperating game called golf. All questions will be mr answered by resident pro, Unho Park, and the best letter or win two 8-packs of Volkswagen dual-core golf balls. W^U A Write171 words
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Page 23 Advertisements
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Advertisement229 2001-08-15 23 global FRANCHISING2OOI 19-21 September 2001 Singapore International Convention I Exhibition Cant* (SvMec) 150 Business Opportunities! Asm s most international franchm event brings you am 150 tojwwtti Mm front 18 countries With t huge sttecber of brand names bom I mde range of industries, i has something to surf your investment229 words
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Advertisement108 2001-08-15 23 mm* _^BL l& Upß g} WJp reputed as the most m mm popular "modern Jazz" E FT J| I|al V artist in the world p jpbijee Hal fl VSH; JyLy the last album fl L I Look in Your Eyes" L|L almost 2 million fljllflf j special telecast airs on108 words
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Article2401 2001-08-15 24 BONDS WARRANTS Aug 14 M tMr Urt M tof UM kw% tomt Cm, tar Mt 1MB M» La. Car Mi *m- nw M» U» My Mtar Prtte Mtu MM hta r» left 39.5 26 S AST1W*****1 29 2 254 29 27.5 2&5 29 28 26.4 1 16 72,401 words
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e News
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405 2001-08-15 25 BT hopes to resolve issue with AT&T before wireless demerger FT [LONDON] British Telecom hopes to reach an agreement to break up Concert, its joint venture with AT&T of the US, within two to three weeks. Sir Christopher Bland, BTs chairman, hasFT - 405 words
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Article8118 2001-08-15 25 SOX MATMBOABP Or Or M Wt 52-Wk Last Vol Day UM Qwtt Mv M* VM MM Cm Avg Mt#> Lew eimn Ml nan W#» u» »»yr tdhr Cw W fcJI Prtca MULTI-INDUSTRY 143 35 cAcmaSOc 39 unch 188 39.5 38 38.5 39 0.5 19.9 0.6 10.3 67.7 398,118 words
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PERSONAL investment
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Article, Illustration682 2001-08-15 26 Peter Brimelow, Edwin S Rubenstein - By Peter Brimelow, Edwin S Rubenstein TO V or not to V? Does this mean U? Or aargh! could the economy be going to L? The fact is that we don't know where the economy is and won't for some time. Randell E Moore, theSource: Frank E Stostak,MAN Financai Australia - 682 words
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Article, Illustration1015 2001-08-15 27 Robert Halili - Investors should watch out for Datacraft, Nat Steel Broadway as major shareholders sell down stakes ahead of results By Robert Halili The writer is managing director of Asia Insider Limited. He is assisted by Ngia Soon Chai in Singapore FALLING global demand hammeredSource: Asia Insider; ARTHUR LEE - 1,015 words
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377 2001-08-15 27 Bryan Lee - But providing information to clients is no longer adding value, says US consultant By] Bryan Lee LOCAL financial planners have the advantage over foreign firms as Singaporeans prefer to do business with their peers, people whom they trust. US financial planning firm Treasure377 words
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1252 2001-08-15 27 OUBAM and Income/SG Asset Management recently launched no-load fnnds CAPITAL guaranteed funds there's no stopping them. At the rate at which they're being launched, banks and fund managers are clearly onto a good thing when it comes to generating fee-based revenues from dormant1,252 words
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SINGAPORE markets
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Article, Illustration551 2001-08-15 26 Popul&r's brand success is double-edged sword OUR blue chips are clinging to a 6.3 per cent gain since April, while the Straits Times Index has lost about 2 per cent during the same time. Top performers to date include People's Food (+81.3 per cent).FILE PHOTO - 551 words
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Article, Illustration509 2001-08-15 26 CREATIVE Technology, which reported weak results recently, may respond with an aggressive re-pricing strategy. It reported a loss of U5573.4 million for its fiscal fourth quarter (ended June) due to a US$76 million writedown in its investment portfolio, all in non-listed equities.509 words
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Page 26 Advertisements
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Advertisement348 2001-08-15 26 Headquartered in London, HSBC Holdings pic is one of the largest banking and financial services organisations in the world with a network of some 6,500 offices in 78 countries and territories. The 2001 Interim Report will be sent to shareholders on 17 August 2001 and copies may be obtained from348 words
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Advertisement5 2001-08-15 26 IMallStraits ■I net research i«wy>/wlt«M9c)v<]ikixom5 words
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Advertisement41 2001-08-15 26 Alao at —ißonwwrUla.oowi Nptepli Mentor M*dta gain* «cc«m Into i#i n, ii ii vrmsuwii o romww Omni Mow MNprteM with 70% profit jump £3k edmlntetering a deep crew cut B Hmdmq Mwtot Ripe Miottor chip Mdof upfradt tnifi thi Kmcti crowd41 words
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Article1151 2001-08-15 27 ()ft\>n>(l by various hanks (as at Aul* 1 i 200 I) Pwpoa* noum 1-w»> 3-w» t-mti DBS Bank AS S10.000-A24.999 4.1150 4 1450 4 0950 A25.000 A49.999 ***** ***** 4.1150 Omk S10.000 Dm99,999 ***** ***** ***** 0m100.000 0m149.999 0 0000 ***** 0 0000 Eur S10.000 Eur49 9991,151 words
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EXECUTIVE money
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Article, Illustration1238 2001-08-15 28 GENEVIEVE CUA - More cuts likely by others if the equities markets continue to be difficult gemevibvb cua reports GENEVIEVE CUA AXA Life has cut bonuses on a slew of traditional endowment plans, as a poor investment climate continues to put pressure on returns. The big question is,1,238 words
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Article, Illustration948 2001-08-15 28 Genevieve Cua - MA Life Planners' M Amin belongs to the small but growing band of independent insnrance brokers By{ Genevieve Cua SO, you want to be an insurance broker and eventually an independent financial adviser? Talk first to veteran insurance broker, M Amin, who's nearly 70 years old andRICHARD CHNG - 948 words
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Page 28 Advertisements
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Advertisement36 2001-08-15 28 j Try haying people in you^egional office reporting L^* f( -j a "mm. your on JSHIBhe HitachiASP is about having your regional operations in one consolidated report anytime, anywhere you want. Jfc' or email whang@has.hitachi.com.sg www.hitachiasp.com36 words
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SHIPPING TIMES
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Article190 2001-08-15 29 Reuters THE Baltic Dry Index (BDI) fell seven points to 975, the Baltic Panamax Index (BPI) lost five points to 885, the Baltic Handymax Index (BHI) dropped 51 points to 7,852 and the Baltic Capes ize Index (BCI) was down 11 points to 1,165. TXME-CHARTEB: ♦Loire Ore **********Reuters - 190 words
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Article258 2001-08-15 29 CWT Distribution OS2 OCT 157 Chuan Hup 0J2 unci) 361 Cosco InvMtnMnt 0-23 0.01 400 FrMgM Links 0 08 inch 10 GflHoMta* 0.S2 0.01 12 MC HoWnqt-HK 940 unch 0 JayaHoMnqs 0.16 aoi 166 KappatFELS 1-52 mct\ 80* Kappal Marina 0.16 0.01 865 KappalTal* 1.02 a04 H76 Labroy258 words
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Article, Illustration467 2001-08-15 29 Donald Urquhart - Two major conferences raising rates to offset insurance premiums By Donald Urquhart [SINGAPORE] Freight rates are rising for in- and outbound cargo at Sri Lanka's Port of Colombo as two msuor container conference groupings prepare to raise rates after the entire countryAFP - 467 words
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Article, Illustration67 2001-08-15 29 [ALLANBURG] Firefighters pour jets of water on the Thunder Bay-based bulk carrier Windoc in the channel of the Welland Canal, Thorold, Ontario. The ship collided with the Allanburg lift bridge in Canada on Saturday night. The ship's wheelhouse and funnel were sliced away as it passed beneath the partiallyAP - 67 words
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151 2001-08-15 29 [SINGAPORE] Neptune Orient Lines (NOL) shares, which resumed trading on the Singapore bourse on Monday after a one-day suspension, did not make much recovery yesterday. The counter closed at $1.07, merely one cent above Monday's close. The Singapore stock exchange suspended trading151 words
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387 2001-08-15 29 Beth Jinks - By\ Beth Jinks [SINGAPORE] Japan's Port of Osaka has cut tugboat rates for big ships by up to 26 per cent in an effort to attract more container vessels to its terminals. The move came after repeated requests for cost savings by387 words
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Article, Illustration787 2001-08-15 30 Seafarer - STRAIT TALE By Seafarer IT is the holiday season once again for much of the world's shipping industry. Many Norwegians have been away from the office over the past few weeks, the Greek owners have largely left Piraeus whileFILE PHOTO - 787 words
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Article167 2001-08-15 30 PAGE ApptftSlMp 5 Assets S BSA 7 B'tanq Mas 6 ccm 7 CMACGM 3 COSCO 3 Colony Log 5 Columbus 6 Central Ex 6 China SNx) 5 Couqaf 7 CWT GlobeMnk 7 Delnvis 4 Opt Lloyd 6 Dongnama 3 ECL 4 not 3 MSCAqy 6 Hyarrnw 3167 words
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Article10520 2001-08-15 36 THEBUSINESSTIMES Pa9e 8 EXPORT WEDNESDAY, AUGUST 15,2001 ETA ETA Advertiser Vessel Voyaqe Telephone MM" Name Nam* Nwtlt Number —WH MWM— I *M> 8 *6W IN KfTII 1*1 On' 1 "I To ABIDJAN (ABJ) 2003 Cot* D'lvoirc 22/06 2i/09 COSCO EMPRESS DRAGON 0H3W 65-*****00 a/06 29/06 IMw OELMAS TOURVILLE10,520 words
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SHIPS IN PORT
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Article748 2001-08-15 39 Vessel Voy No Berth ArrWd Departure VKU 07 JOS MAM/tB 6/06/13.40 C Progrcu u Aag J0 M/06/840 M/06/M40 If Jotar ¥21Mr JOB 14/08/8:20 15/06/6:30 Sandidewa M 74 J04 MAM/7J5 6/06/840 AsJ w 001/01 JM MAM/750 16/06/6:30 *<*• Saraya 25- JM J07 14/06/7:45 M/06/2140 Badaw W* JbOOOl J06 14/06/7:55748 words
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Article1928 2001-08-15 39 RECEIVING Of EXPORT FCL CONTAINERS AND LCI cabca BoofctoQ/Mince Rstls Ship VoyM° Etb/Btr Ptrtod From To Fro* M3 MAGNOUA 0400 M/2 J 59 13/1500 U/M59 U/WO U 13/1700 M/0*59 M/0900 a U/I7B0 M/0*59 MAWOO IDStMUU WN 17/tOO i IVBOO O/IW MHO 13/1700 M/OW M/0900 a a/no mam M/09001,928 words
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Article203 2001-08-15 39 An|ust 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 An|wt 27 United Kingdom: Summer Bank Holiday An|ut 31 Malaysia: National Day Philippines: National Heroes Day Beptember2 Vietnam: National Day BaptaaWr 3203 words
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Article769 2001-08-15 39 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 mar ket Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the769 words
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Article435 2001-08-15 39 Carton 180 Max 982J OS 6.9 0.11 44 0.03 P-»Ht Water gggw Art jljigll No »to« E25 0 0 2 1 0 0 380 Aw 984.7 0.1 M.7 0.06 IB 0.02 Cum 330 Uu 991.2 03 »-3 0.11 50 0.09 'A »MM urn mm* Noa6ow635 1435 words
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AIR & LAND transport
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Article, Illustration407 2001-08-15 40 Airport fees the third most expensive in the world Reuters [HONG KONG] Hong Kong's Airport Authority said yesterday that it might end its 15 per cent discount on airport fees from next year. The airport "may not continue the discounting that'sReuters; REUTERS - 407 words
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115 2001-08-15 40 [SINGAPORE] A serious downturn in the worldwide demand for air cargo transport has forced Malaysia Airlines and Swisscargo to cancel their joint operation between Kuala Lumpur and Basle. A statement released yesterday said the existing two weekly flights between Switzerland and Malaysia would end on115 words
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361 2001-08-15 40 Reuters [LONDON] British airports operator BAA pic reported a slight rise in July year-on-year passenger numbers but said foot-and-mouth disease and the US economic slowdown hit business at its main operation, London's Heathrow. BAA said passenger numbers at the world's busiest internationalReuters - 361 words
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Article, Illustration639 2001-08-15 40 Extensive safety modifications include new kind of tyres AP [WASHINGTON] With a new kind of tyres, a change in wiring, bulletproof fuel tanks and a redecorated cabin, the Concorde will resume service in September or October, according to BritishAP; AFP - 639 words
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Article, Illustration76 2001-08-15 40 [RANCHO CORDOVA, California] Emery Worldwide Airlines suspended its air carrier operations on Monday under an agreement with the Federal Aviation Administration. The picture shows the wreckage of an Emery Worldwide DC-8 cargo plane which crashed into an auto wrecking yard on Feb 17 at Mather Field nearAP - 76 words
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141 2001-08-15 40 Reuters [LONDON] China is close to ordering up to 40 737 narrow-body aircraft from US manufacturer Boeing Co and has agreed to buy five larger planes from Russia's Aviastar, industry magazine Flight International reported. China, which buys civil aircraft centrally on the requestReuters - 141 words
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294 2001-08-15 40 AP [MOSCOW] Russia's largest airline, Aeroflot, has tentatively agreed to purchase 30 regional jets to be built by Russian aircraft makers in cooperation with Boeing Co, officials. Aeroflot is the first customer for the new plane, which Boeing and Russia'sAP - 294 words
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Article2069 2001-08-15 40 an mow n> war no MM MM230 MO IN6381 WO MM M50 Mstm. S023 0M5 HUM 2255 SA979 0955 S036 2345 W.437 MB MM—M* MO 0255 MM U4286 2045 W42«5 20<5 a» mm w »e —■> mm wa Mpp MM ISO MtfMM7 0755 IWNM W07 MO2,069 words
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Advertisement374 2001-08-15 29 25 September 2001 Westin Stamford Westin Plaza Hotel (Padang Room) Organised by: Advised by: Managed by: /Tn steac r; SMou Advisory Committee (STEAC) 1.1 H. K 8 aafc spr I®, 45, lapbf«i PeAmttee MA H u f m y o*. i-_ Mill l APIMer lipli i Op—»i-i TlM&f toftc-** s«pwPißLe374 words
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Advertisement719 2001-08-15 30 I TO USA/CANADA I EXPORT I OTHER DESTINATIONS vtssa vor m [ros»|ioiiGomM|MUAS [house* \mmts |090>60 |«WTOM TO AUSTIMUA (AUSTfULU ASIA EXPWMaj OOdMHIU 54E33 14/OO 15*0 I 31/00 04/09 05*9 OS/09 05/09 00/09 PTJI I 00Q (AUFOOMA 5«34 21/K 72/00 I 07AN 11/09 12/09 12/09 12/09 IS/09 !2 «•*>■ S ooaNWTm719 words
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Advertisement629 2001-08-15 30 lines services represented by Mwnbers of the Registry of Members of the IffesPs/ Accredited Shipping Agents, Singapore log.shcs Sngapore Shipping Association Association ULY UNI MAU vissa Tvoy [eta Tltt eta P. KLANG SPOfE MAU Empress Uly VO7Ol 02/09 03/09 11/09 Princess Lily VO7Ol 18/09 19/09 26/09 Empress Lily VO6Ol 05/10629 words
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Advertisement1340 2001-08-15 31 TO EUROPE FROM EUROPE Ivtssa votlmm m m hmi wv mm uh Ivesa vorlrm sou ta awl An AGATE 102W U/00 00/00 o*/00 03/00 05/00 HYUNDAI EWBOt 33M 29/07 27/07 24/07 25/07 l*/W ■arm sasw i;/w 02/w 04/00 07/0» 01/00 Hyundaiuobttt ax 31/07 30/07 01/01 a/07 11/00 AHGOMANY IO2W 10/011,340 words
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Advertisement2120 2001-08-15 31 TO ANN f/T 119 AITS 1 JEM AM T/T :12 MTS I W AOABA T/T 115 MY! J GENERAL AGENTS IN SMGAPOCE: fol|O««SOJ<*D#' 2-0° SAJJS/MGS Ttt: 4205*57/43 FAX: *****21/71 MALAYSIA OfFKE: MS* GUDANG TEL: 07-353*1** fkL 07-353*170 COSTAR SNIPPING PTE ITD SgPJJP "t532V« EJTKUNG 03-*o233**« CI NO; **********0* TIL *****002,120 words
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Advertisement1087 2001-08-15 32 SENATOR LINES IQIUKOPi 1Q fIWDOUIAST/KAH/MP SIA rasa vot m LBt na m ma |w hi Imsa wr u dun JS2JI2!!? X 2 22 KS2 22 4U )O ,w ISJI ~^S~ J"" 1 H! J,J Misw IM( ISM 70.01 lIM «.M 5£S2£L-. 21f2 ll* n* »u» M* tut Ml MltW ISM1,087 words
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Advertisement717 2001-08-15 32 ftouMMfcmaoa. CJx/XzJ muttmtwn hanukhdiomm PENANO: (04) *****36 BANGKOK: <662)*****67 SURABAYA: 01) snsn p KELAHQ: (03) *****77 JKT: (21) *****6 KUCMNQ 032)*****1-3 XINGAHG IE HAVRE MV "MILLENIA TOWER" V.003E MV "PORTLAND SENATOR" ETA SIN: 19-08-2001 ETA SIN: 21-08-2001 LONG BEACH MADRAS MV "HANJIN BEUING" V.027E MV "TIGER SPEED" V.913N ETA SIN:717 words
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Advertisement483 2001-08-15 32 WEEKLY EXPRESS SAILING SCHEDULE WESTBttJCmCOLO—O A NHAMA SHEW (CFS MAIM). MUMBM) ALSO ACCEPTING TO ALL NORTHERN ANO WESTERN CO PONfTS visa mm rrrr lrrnti|mioMolN tirml rwrii [in—liwT WHIM »a-HWH IOttPHUU miH MMK ft UK 71 UK MQAMU UJ ZMWMMNK jmo m nn t\r> vutt us? ksep MOMXisran wimat *nii ttAfIUM483 words
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Advertisement1476 2001-08-15 33 IVISSEI VOY KHH HKO I SIN PK1 DX8 Ml PMM MC IRAN ISFAHAN PCL-220 14/08 IS/OS 18/08 19/0$ 26/08 27/08 29/09 31/0* IRAN HOBMOZ6AN PCL-221 21/08 22/08 25/08 26/08 02/09 03/09 05/09 07/09 IRAN TEHRAN PCL-222 28/08 29/08 01/09 02/09 09/09 10/09 12/09 14/09 IRAN TABATA8AH PCl-223 04/09 05/09 08/091,476 words
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Advertisement425 2001-08-15 33 A k UK CONTINENT SERVICE LoacAngter NAZLIG RDM/ATW/BMN/UK/LPL TINA t RDM/ATW/BMNAJKA.PL Loads Smgapore. EJtt Malaysia. Indonesia MIDDLE-EAST SERVICE Loacftng for AL QAWIYYU JOH/AQA HAT IM E ANA JOH/AQA ALCESTIS DBt/ABU/DOH/BRN/DMM/KWT PRABHU OAS DBI/ABU/DOH/BRN/DMM/KWT 'Loads Singapore, E7W Malaysia, Indonesia USA SERVICE Loadrtg for CUO PACIFIC CAM/NFK/SAV/NOL ASTROMAR MZL/LAX/VCW/VCB JIN SHENG CAM/NFK/SAV/NOL425 words
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Advertisement1078 2001-08-15 34 ASU-MgWBmAMMNtXP«iSS(AA«)-WISt»OUNDaWyiCIi VB» VOT I sw I nt I SH iw fit am use tan orni urn M.jff HUB Msg issp 1 MS( FUMiNtA ami am im 12& ixi re 21 sg M 3EI m —m a ss —as— 1 cmft miA SriZU k lamtxo fmSmUm Umm »mi I*. S»e Ow1,078 words
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Advertisement425 2001-08-15 34 INDONESIA NATIONAL LINE TO AUSTRALIA FULL COIfPUNjER BBBHCI va wt hT7 »|w sn m rawNßiw «s a/wn/M |ji/b «/w m/w v/m m.Non "iiT o/mnm n/**| -mm njm wnma is" n/ww/w iyw it/w tyw ww m_ 10/Hii/w i;/w| a/w FEEDER SERVICE TO INDONESIA m re-n» hue TM n* I I Z425 words
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Advertisement1141 2001-08-15 35 HYUNDAI MERCHANT MARINE CO., LTD. [rasa wr TT sou ibi I rim abt I ham mtv jfiT vot i som iiw i mTmTmTm TT API AGAR IO2W 14/00 83/09 05/09 00/09 ot/09 |APIB» 1011 I*/07 10/87 27/07 19/07 09/00 Mnms 545W 17/00 07/09 08/09 02/09 04/09 J* ,1/W !*<"• APIGMMNY1,141 words
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Advertisement984 2001-08-15 35 vOtw WALLENIUS WILHELMSEN I TO NORTH AHO LATIN AMUKA "tAB RORO HEAVYUfT SIRVKI' IVKSn VOT Mf HBGHT SW LIC MAO MIA I SAV I lAI OEf I MTC IWW 1 *00 ttHM AMII7 4001 a« 4JM 29/00 04/10 07/10 09/10 11/10 11/10 14/10 11/10 10/10 UUfOT AMI II 4001 MS984 words
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Advertisement457 2001-08-15 37 Offers FCL/LCL Container Service to Worldwide Destinations through lAL Logistics (S) Pte Limited 80, Robinson Road, 22-01 A, Singapore *****8 Tel: 223 8380 Fax: 223 8387 E-mail: ialsin@iai.com Website: www.ialsin.com |i| OwOlfcwiifafc- UMm»CDi_ Calcutta: Kandte ft. Afcpfcy HMfMltf Kt Agmam (Nm J** <VIJJ Ml £*■*»/mmctm KCMMWPvtLM Fto. Owl Chclrr C-4.457 words
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Advertisement80 2001-08-15 37 FOITM6MTIT MMI-tUU SEKVICI TO COIOMO/WIMM SfKIAI tATiS FQt STHL jutNIWIT I MOJfft CAIfrO lav tom sikapoi! Maui n uficm UdfcU MUI »HHI ■VCAtllll SIMAPOII coioaio CKiHAI ■V MHKISS IHMI »4MI iMHI ■VIAW UMAPOtt JfMAN IOTTtIIAI »MHI HUM ATWW TU SIKAPOII aoaiASi Niui ?MMI HI IS MUU IKHIti lAT ■v mm80 words
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Advertisement256 2001-08-15 37 hflßß ENG LEI SNIPPING CO PIE LTD I \K»A MSU)2tt(IIUM| tat: SS3MM/S4M9M T d ill ISB2MIHHC I VBSEI VOT SIN ETA SM (70 KSTMinON D« Dim 07/01 15/08 15/00 Duno/P Bau/BuMr. U«nSto3 08/01 16/08 16/08 Jo* UmhSdil? 06/01 16/08 16/08 Boning UmS»77 09/01 17/08 17/08 M fnln Uxor 8 08/01256 words
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Advertisement634 2001-08-15 38 MILD6URG 14NAJ1 15-1&06 222&08 »31/08 I TIGER SPEED 913N 19-2008 26-3<VOB B TIGER BRIDGE 912N 23-2408 30-OZt» 06-07/09 I TIGER RHYTHM 915N 27 2808 *****9 10-11/09 I MILDBURG 16N/01 30-31/06 o*o9/09 15-15/09 I TIGER SPEED 917N 03-0409 09-1209 16-17*19 IVESSE^^^VO^^SU^^CA^^SI^^I TIGER CUFF 034 19-2008 27-29/08 0&07/09 I XPRESS SPORE 322634 words
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Advertisement881 2001-08-15 38 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 Tel: *****11 Fax: *****77 E-mail: flesin@singnet.com. sg Introducing VALPARAISO SOUTH AMERICA SANTOS MANZANILLO fortnightly service BUENO AIRES Booking 267# 5565/4694/5535/5539/5541/5553/5569/5579/5562/5563 PRQ-reT SHIPMENT HEAVYUFT CARQQ (CONVENTIONAL A RORO) Urn 267SS78, HZ* 9749X977 LOGISTICS WAREHOUSING SERVICES881 words
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Advertisement908 2001-08-15 38 lib IPDZ LINES I Uk .OBTONB OMO: TEL 67-771-SS9I HUL«-727-im I SMKAPOtE: TOM XX) SMPTMG PTEIIO (^|l GISING ***** 15/08 GISCNG ***** 15/08 GHJAN 2122 17/01 GIUAN 2122 17/08 GIHUAT 2191 18/00 "SHINUNI 1 2115 20/08 GUOO ***** 20/00 GUOO ***** 20/00 GISENG ***** 22/0> GISENG 2)261 22/01 GUOO *****908 words
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Advertisement68 2001-08-15 38 CONFER (S.E.A.) SHIPPING PTE LTD TEL: *****68 FAX: *****45 DIRECT CONVENTIONAL SERVICE TO CHITTAQONQ VESSEL SIN CTG EMERALD 01-03 SEPT 08-08 SEPT DIRECT FCL/LCUCOMVEMTIOMAL URVICII TO>indan Sub-Contnant Madras CatcuM Bombay Karachi Colombo ChtMgong Tutoonn Cochin Far East Ho O* Mmh Hactong Hongkong Mania Bangkok Bum FCtACL lanrtc.— To: Auslrata Sycr»y68 words
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Page 39 Miscellaneous
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Miscellaneous129 2001-08-15 39 WfPi f£?M M■ ■■■■Ml 9 nl LEGEND: Issued by Meteorological Service sln^pore K Thunderstorm Showers X\ Rajn Temperature C~ Wind direction and speed in knots Cloudy Day Wealhe, t>o Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds j <1 2m129 words
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