The Business Times, 22 August 2001

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Total Pages: 40
1 40 The Business Times
  • 16 1 THE BUSINESS TIMES MTTA (P) 107/03/2001 Internet: http://business-times.asia 1 com.sg SINGAPORE WEDNESDAY. AUGUST 22. 2001 85c
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  • 68 1 O U3U4 (+4.72) fSSSU* Plsrnoixranmß U U&J» (+13.60) £||j FTTTTJW3 ROCS MARKET DOH2EB Tuesday Change KLSE COKP NIB® m IUMJ8—.*22.44 3A>'0 SENG 11.44&7® -2*11 SET INDEX >11.14 All JAKASTA COUP _«7JI *166 MANILA COUP lj 11.13 +4J6 TAffHWPf —mm MM SEOUL COMP M7JB -I1M SHENZHEN B +lf 33
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  • 69 1 ran Mm U8t S» HUSS (SS per IBS) L7I1 £(13*SS p*r«) 1.447 LUM *HHO(US«/SS/E) _0fl4 1.600 DM 1140 L2S YE* 1*3.4 Ml MM zrn HKS 7M 4.4K BAHT 44.7# «J7 RUPIAH lg» *S$ to 100 mmiit MABA I JBM BANGKOK SM MANILA ILN BONOIDNO SM 7.84 SYDNEY 8M TOKO
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  • 513 1  -  But central bank signals it is ready to do more if necessary From Catherine Ong in New York The US Federal Reserve yesterday delivered what the market expected cutting short-term interest rates by 25 basis points and signalled that it was poised
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  • 603 1  -  BfWii'UHULUJ From Harish Mehta in Bangkok SINGAPORE investors decisively displaced Hong Kong to become the biggest portfolio investors in Thailand last year, buying Thai corporate assets at attractive prices. Singapore also remained dominant investors in the Thai stock market, ranking as the
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  • 582 1  -  From Andrey Tan in Hong Kong PRIME Minister Goh Chok Tong's promise to create a "new social compact" has created considerable interest here for a similar move, with several commentators saying the Hong Kong government should follow Singapore's example of helping the
    582 words
  • 656 1  -  BTtq'Miium-j Record 65,000 units forecast if COE quota remains unchanged By Christopher Tan [SINGAPORE] John Lim is in his 40s, married with two teenage kids, a mortgage, a club membership he's trying to sell and a job that's unlike ly
    Source: LTA  -  656 words
  • Page 1 Advertisements
    • 106 1 nwaPH Top Stortos r Jobs at Lucent Technologies Singapore hang in the balance. MmxtPmgm S'pore ail for a China-Asean FTA: BG Yeo. Next Pmgm Who Is buying OUB in the open market?. Pg4 Biz Woman MiHicent hhh Danker From chasing Ip stories to Jm pitching stories. SB S Pg 13
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    • 26 1 Fan Fed f t—iun, NextPg Weaker en—oag takes toll on US markets, Pg 11 Motoriag: City Cab to offer car -sharing service next year, Pg 25
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    • 25 1 Lawyers find legal stand against SGX ruling USS: A vicious circle in the making? MBf* Insurance coverage for the right reasons ExciteAtHome's future in doubt
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  • NEXT page
    • ON THE grapevine
      • 78 2 AT a media launch of Motorola's latest clam-shell phone, some journalists were fiddling with the battery compartment at the hack of the set When the Lithium-ion battery was removed, a few were wondering where the SIM card—usually underneath the battery—was. Motorola staff later revealed the
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      • 100 2 YOU know you're history when there's a museum dedicated to you. Dotcommers and dotgoners now have their very own Museum of e-Failure (www.disobey.com/ghostsites), described by its organisers as "an attempt to actively preserve the home pages of sites that will probably disappear in the next few months". Exhibits
        100 words
      • 148 2 NOT $1 million, a court decided yesterday. Singapore Airlines stewardess Tan Shwu Leng claimed in the High Court that she deserved $1 million—not just the $*****6 she was awarded in March last year for a fracture she suffered when an Airbus she was in suddenly
        148 words
      • 49 2 Last week, BT ran an on-line poll which said: Regional instability is the greatest threat facing Singapore. This is how readers voted: Yes, there's nothing we can do about it 58% No, we've faced this before: 27% If s never easy to tell: 15%
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    • 377 2  -  JOB CUT*; Company to shed 17-23% of total staff; S'pore business unier review By David Boey [SINGAPORE] About 500 Singapore jobs hang in the balance after Lucent Technologies confirmed yesterday it will slash its work force by as much
      377 words
    • 316 2  -  By Serena Ng [SINGAPORE] Hewlett-Packard will lay off around 700 staff at its South-east Asian headquarters here this week, sources close to the company told BT. HP Singapore, which employs around 6,500 people at its HQ here, confirmed that jobs will be
      316 words
    • 726 2  -  He calls for direct air links with Western China From Eugene Low in Beijing SINGAPORE supports China's idea of a free trade agreement (FTA) between China and Asean, and will work with Beijing to further advance the proposal. Trade and Industry
      726 words
    • 216 2 The following is the full text of the statement released yesterday in Washington by the Federal Reserve Bloomberg THE Federal Open Market Committee at its meeting today decided to lower its target for the federal fluids rate by 25 basis points to 3.5 per cent In a
      Bloomberg  -  216 words
  • Page 2 Advertisements
    • 77 2 BVLCA R I 7// Reft ullt>o I it h r'o no atc li Siiiu >i p ore Hilton Hotel Ia k a.* hiin a a I)cp.l r t in cut slo re ortl 11 .1 \V at c h ellt re Dick >on \V atc Ii A: I e well
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  • SINGAPORE companies
    • 610 4  -  BTia'MIIUWJ Lawyer says controversial rilling does not apply to contra sales By Serana Ng, Ven Sreenivasan A GROUP of unhappy Links Island shareholders and their lawyers have settled on a legal position against the Singapore Exchange that the exchange's controversial ruling on the
      610 words
    • 499 4  -  Bond's 15-year callable structure first of its kind in Asia: JP Morgan By Ling Su Ann UNITED Overseas Bank, which yesterday announced the pricing of its larger-than-expected $1.3 billion bond issue, said it had no plans to come to the market again this
      FILE PHOTO  -  499 words
    • 455 4  -  Millions of shares changed hands a day from Aug 13 to Aug 17, but UOB, DBS and OGBCseem nnlikely buyers By, Angela Tan TRADING volumes of Overseas Union Bank (OUB) have been relentlessly active a week before United Overseas Bank (UOB) declared it
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    • 416 4  -  Stock back to levels that prevailed before bid for OUB By Siow Li Sen DBS shares appear to be undergoing a re-rating after taking a knock from the recent string of boo-boos. The stock is hovering around two-month highs, touching $13.80 on Friday —a level
      Source: Bloomberg  -  416 words
    • 661 6  - CP Orange's Thai foray: will it prove juicy hockll.lJl.-MM harish mehta A FLASHY newcomer to Thailand's booming mobile phone market aims to challenge the dominance of the two major players. New kid on the block CP Orange wants a third of the market within five years and aims to get
      661 words
    • 476 6  -  Entire line slated for immediate shipment to global retail and online outlets By Serena Ng CREATIVE Technology yesterday unveiled a new SoundBlaster platform with top sound quality to tap the upgrade market, in a bid to boost its Christmas sales amid falling
      ARTHUR LEE  -  476 words
    • 370 6 Insufficient infornatiMi far reeensMenttien THE Singapore Exchange will not reconsider at least for now its rejection of an application by Ho Wah Gent tag International for the listing of new shares to acquire two toll-road operations in China's Heilongjiang province, Ho Wah
      370 words
    • 319 6  -  Most prefer banking in person to phone, Internet services By Chua Hui Min r ACE-T\>r ace remains tne favourite way to bank for many Singaporeans, in spite of the convenience of online banking, a June survey by Mastercard found. For buying shares, lodging complaints, and
      FILE PHOTO  -  319 words
    • 152 10 Reuters [NEW DELHI] The Tata group, which has bid for a strategic stake in Air India in tandem with Singapore Airlines, is now hinting it wUI withdraw, leaving no takers for the money-losing airline. "There is definitely concern in our minds
      Reuters  -  152 words
    • 310 10  -  TDHex-ckairaaa said to be going to Cosrt of Appeal By Serena Ng FORMER Van der Horst executive chairman Johannes Kotjo has foiled in his appeal against a High Court ruling that struck out his claim against VDH's judicial managers for $110,000 in untaken leave.
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    • 292 10  -  By Andrea Tan CONSTRUCTION firm Chip Eng Seng Corp yesterday said that its interim net profit fell 14.5 per cent to |3.6 million on lower turnover of $43.9 million. Turnover for the six months ended June slumped 39.5 per cent due to
      292 words
    • COMPANY Briefs
      • 118 10 Reuters PERTAMA Holdings saM net profit for the year to June 30 Ml to $2.18 million from $3.01 million a year ago. Turnover was $186.04 niillkm compared with $211J0 million. The previous year's comparative refer to the 15 months beginning April 1,1990 to June3o,2ooo. Pertama,
        Reuters  -  118 words
      • 63 10 Reuters HOTEL Nlpra said first-half2ool net profit rose to $410,000 from $***** a year ago. Turnover was $BJ6 million compared with $6.02 million. Hotel Negate said the increase in turnover was due to higher average room rates. The net profit included a special
        Reuters  -  63 words
      • 44 10 ST Assembly Test Services (Stats) announced yesterday that it has completed the acquisition of a 51-per-cent stake in Taiwan-based Winstek Semiconductor Corp. Stats said it subscribed to new shares in Winertt.teflret oversees acquisition, tor about USf» million.
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      • 63 10 DIVERsitleD soft drinks and ptuperly group Fl seer A Neave(FAN) said yesterday it had bought a further 237,000 shares from the open market at sn average ciflM apiece. This means the group has so fer bought *****0 shares or about 0.24 per cent of
        63 words
      • 34 10 Ratters INVESTMENT Arm Alexandra Holdings Ltd said yesterday it has requested a share suspension pending an announcement The illiquid stock was last traded at |2JO on Oct 15,1988. Ratters
        Ratters  -  34 words
      • 63 10 TEAMSPHERE Ltd announced that Forbes Engineering Holdings (Australia) Pty Ltd, its wholly-owned subsidiary in Australia, has entered into a 50-dOjotat venture agreement with Cesco Australia Ltd to share torflifien end ptir—" l transit concrete mixer, concrete batch plant, tanker end bulk materials handling equipment
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  • Page 4 Advertisements
    • 70 4 WISE GOLD Share Rates at an Unbelievabig... i i ii.v jjj« i, i'- 1 v |r-.: t ;»V' 4 ?>?■• r A'fs' fcl t 1 fr'"'- t-.• v v. C s(t(RB8 now t SiNGAPURA BUILDING SOCIETY LTD H*ad offic* Cacil St 880 0600 Email mktgQsbsl.com.sg g o«»rMdM Ana Mo K*****4222
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    • 710 4 HOTEL NEGARA LIMITED (IriLDHiUiliJ In of Stigapor*) ANNOUNCEMENT The Board of Directors of Hotel Negara Limited wtahes to announce: UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2001 MOO M-) ss St Turnover 6,366.389 6,022,804 5 52 Investment income 281,103 34,030 NM Interest income 54.548 62,102 (12-25) Profit before
      710 words
    • 10 4 FOOD/ ENTERTAINMENT The Straits Times Classified. (j&S Classifications 5-36. hvILMLMk.
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  • Page 6 Advertisements
    • 288 6 -> "I ,T1 **T n ««M»'- itidhiifc'v y ,M The Housing Development Board is offering for sale an attractive land parcel in Pasir Ris Town for executive condominium housing development on a 99-year lease. Pasir Ris MRT Station, major expfmyyayf u comprehetwve bus route provide seamless connectivity EL Bl<* Cfe
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  • Page 7 Advertisements
    • 28 7 When the internet was invented the online customer did not exist But when we built www.citibank.com.sg I it was as much the customer's creation as it was ours
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  • SINGAPORE markets
    • 620 8  - Doom and gloom Yes, but there are bright spots UU comment STOCKS r. sivanithy ARE there any stocks worth buying in a market as bad as this? It's a question observers must be asking themselves, with buyers reluctant to commit, sellers refusing to sell and most fund managers choking on
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    • 618 8  -  AiNu.mumjj CURRENCIES Dire consequences for many who are heavily dependent on a US turnaround larry wee SHARP falls in key stock market indices this past week were again led by the notoriously volatile Nasdaq Composite, accentuating US worries and consolidating the
      Source: Reuters  -  618 words
    • Article, Illustration
      436 8 Theorem valued before Dec 31, *98 AddMffiKh 2.5c 11,564,000 SJngTrf 15c 10,434,000 Econlni20c 9,956,000 TPVUSlc 7.486.000 Peopto 1 food HGK 50c 5363,000 TTIntlSc 5.2KJ.OOO Autron 4.935,000 Ur*FoodHK25c 4.660,000 Surf*»MTHK20c JOOO Paria*¥H28c 4.288,000 DBSGrp 50,118,691 VentuwM|p5c„ 35,730,700 uoe 35,339.100 SiniW 15c 1932&238 Datac*»« 10c 14,251.564 0U6 13,477.200 0C8C 10.444.581 Omni Ind
      436 words
  • 2787 8 UNIT TRUSTS FUNDS Aberdeen AaMt Mgt Me LM Aberdeen Select Portfolio: China Opportunities Fdl" 0.890 0.93S Global MNC Fd 0.655 0.6*9 Global Technology Fdl** 0.506 0.532 UK Blue Chip Fdt" 0.693 0.729 American Opport Fd 0.756 0.795 Coot Euro EqtyFdl** 0.954 1.002 JapanEqtyFdl** 1.038 1.090 Asian Fixed Income Fd 1.098
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  • Page 10 Advertisements
    • 464 10 NZ govt to decide on Air NZ by Sept 4, Shipping Times, Pg 12 Save up to 30%' on ANA to the USA. '>>• '-t" I < I Enjoy extra savings with ANA! miLMSB Arrive USA Depart Arrive USA It s now even more rewarding to fly ANA to the
      464 words
    • 38 10 IttToiT —Lianhe Zaobao I I Plans by I I Capitaland I I to investml I China's I I property I I market I I fflJgifc* I I my m/*m vlf iLJ 111 I ff I M j ULILP4
      38 words

  • SINGAPORE news
    • 380 11  -  By Siow Li Sen LEADING indicators from the Conference Board signal the US economy bottomed out in March, having improved for the fourth straight month, says an economist at private bank Credit Suisse. It's not that the Conference Board a private research outfit
      Source: Credit Suisse  -  380 words
    • 260 11 The vesture will have branches in major Indon cities HOMEGROWN Chan Brothers Travel is all set to spread its wings in the region, with the group announcing yesterday a $1 million joint venture with Indonesian travel company Panorama Leisure Group. Over the next
      260 words
    • 428 11  -  Tender sale seen fetching bids of $140-$l7O psf By Vince Chong THE Housing and Development Board will today release a Pasir Ris executive condominium (EC) site for sale by tender. And the Urban Redevelopment Authority yesterday relaunched the tender sale of the
      428 words
    • 288 11 It will attract 85,000 delegates over next 10 years OVER the next 10 years, Singapore will attract 85,000 delegates worldwide to attend more than 100 international conferences as the Republic remains among the world's top convention cities. Singapore has been declared the fifth-ranked convention
      288 words
    • 538 12  -  It's necessary for them to gaia a competitive edge over rivals: NUS study By Teh Hooi Ling FOREIGN companies that transfer knowledge to Chinese subsidiaries after Beijing joins the world Trade Organization will gain a competitive edge over their rivals, a National
      FILE PHOTO  -  538 words
    • 228 12 New members appointed to the chamber's board THE American Chamber of Commerce in Singapore (AmCham) has a new chairman in Bill Byrne, the general manager of United Airlines' local office. Mr Byrne, previously AmCham's honorary secretary, replaces Phillip Overmyer who returns this week to
      228 words
    • 210 12  -  Goh Mong Song Singapore I REFER to your article "DPM Tan: S'pore economy too reliant on electronics" by Anna Teo (BT, Aug 14). I believe that for Singapore to survive, it is vital that we have corporate leaders of local
      210 words
    • 293 12  -  MAI LI .7m Teo Chwee Hock Singapore I REFER to your Hock Lock Siew column, "SGX: fair action, unfair perception" (BT, Aug 21). I have a suggestion for a solution to the Links Island share settlement problem that is most unconventional, but perhaps
      293 words
    • 330 12  -  Narayana Narayana Singapore I REFER to your editorial "Unsettling times for brokers" (BT, Aug 14). You say that the "heart of the problem is that although commissions have fallen dramatically, retail players are reluctant to trade basic equities because of the unavailability of
      330 words
    • 123 12  -  Toh Keng Siong Singapore I REFER to your article "UOB plans $750 m subordinated debt issue" by Ling Su Ann (BT, Aug 15). It was reported that UOB planned to invite "selected investors" to its presentation to launch the 5|750,000,000 subordinated bond issue.
      123 words
    • 97 12  -  Simon Ng Yap Peng Singapore I REFER to the New Singapore shares scheme announced by Prime Minister Goh Chok Tong. It is a laudable scheme. I hope the shares will comprise a portfolio of local listed companies from all sectors. The government could set up a
      97 words
  • Page 11 Advertisements
    • 71 11 275 multi disciplined professionals Nj 1 Y inc| udmq lawyers chaptered accountants Ik W chartered secretaries and bankers have A 11 provided confidential and cost effective [k flk company formation in all the major low P\ B AH areas including Incorporation fees from USSSOO The world's leading Florence Nathan Offshore
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    • 225 11 PICNIC v You haven't seen anything like it before. W m *SSL mm "mill l k MI m J L .'r ><* I Unless of course, you've passed our showroom. A V v i i >,' v .-<* 1 4 r »-r V The New Toyota Picnic. New can New
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  • Page 12 Advertisements
    • 1309 12 U Lloyds TSB Bank pic at 31 Dacrafear 2000 I for the yeer ended 31 December 2000 2000 1999 2000 1900 tedlliee million J C million million Assets Interest receivable: Cash and balances at central banks 1,027 1,276 Interest receivable and similar income Items in course of collection from banks
      1,309 words
    • 64 12 We welcome letters. E-mail us at bttotterOsph.com.ag ot 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 verity it came from you. Pleaae use temperate language, and bem-in mind Übel laws.
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  • BIZ woman
    • 1320 13  -  Journalist-turned-communications consultant Millicent Danker shares her work experience and aspirations with -iimi DAZMAN MANAN NST [KUALA LUMPUR] IT IS surprising to learn that Millicent Danker, who has run the gamut of journalism, is publicity-shy. "I've been so used to being on the other side,
      NST  -  1,320 words
  • Page 13 Advertisements
    • 149 13 < i b i h 0 1 w o n i u a* S v»' < I t/ v. [y.? j£* o v u -.S v f,-' I v* r V- e f; < i -"'V-N.. eTm mitliM: Offer Is vaM for paid roundtnp travel m Northwest World Wns Clan
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  • Page 13 Miscellaneous
    • 282 13 CRYPTIC CROSSWORD ACROSS 6 Sewers practically unnecessary 1 H2(007)0, formula for tax avoid- (7) ance (4,7) 7 Fate of unorthodox modem 10 Gangling youth-leader called painter (13) earlier (5) 8 Operatic vessel lied at the stem 11 Is it newer way to prepare for (8) cold weather? (9) 9 Purify
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  • EDITORIAL & opinion
    • 780 14  -  JTHEj^HBB I'i'lioiiiTmra OPINION john miller THERE are two types of corporate venturing. Hie first is where a corporation invests in new businesses. Hiis is really corporate venture capital This approach became increasingly popular in the US when hitech valuations were exceptionally high. This type
      780 words
    • 35 14 "I think China is running out of time. The slowdown in the world economy comes at exactly the wrong time." (Mm Aug author of the new book 'The Coming Collapse of China'
      35 words
    • 613 14 EDITORIAL INDONESIA'S new president Megawati Sukarnoputri, couldn't have made a better start The signals she has sent since taking over from the ousted Abdurrahman Wahid have been encouraging ail round —to her own people, to the markets and investors, and to the international community. Her task
      613 words
    • 1465 14  -  Increasingly hard for older, less-educated S'poreans to cope with harsh labour market By Daniel Lian The writer is Morgan Stanley Dean Witter's South-east Asia economist THE prevailing unemployment rate in Singapore is 2.6 per cent and is edging towards 3 per cent given the
      FILE PHOTO  -  1,465 words
    • 682 14 Megawati must come Hiw on ail injustices first Jakarta Post THE mixed reactions that have greeted reports of President Megawati Sukarnoputri's apology for past government wrongdoings in Aceh and her intended visit there illustrate not only the difficulties that lie in the way of
      Jakarta Post  -  682 words

  • MALAYSIA news
  • Page 15 Advertisements
    • 457 15 v L i. RPPUnpi Bw ?!»*"<- >4'>'«" r i ;:>: '*sf' w;.-*y. v Because success is sweetest after tasting the bitterness of failure. f«-' -if. z The Phoenix Award salutes the entrepreneur who, undeterred by failure, has gone on to succeed in a technology-related business. The winner will show that
      457 words

  • REGIONAL news
    • 627 16  - HK growth seen plunging to 2% from last year's 10.5% Unemployment could hit 5% by year-end amid stowing exports, From Audrey Tan m Hong Kong HONG Kong's economy will rapidly slow to around 2 per cent growth this year, as its export sector continues to contract and domestic demand remains
      AP  -  627 words
    • 388 16  -  Tender for the 14 lets will cleee at the eodef the north From Diana Oon Abdullah in Kuala Liempur LISTED developer SCB Developments has caused a stir in the Malaysian property market by launching a tender sale of bungalow lots in
      388 words
    • 424 16 BAD LOAMS AFP [TAIPEI] Taiwan's property market already at a 10-year low is set to sink deeper as more banks scramble to liquidate collateral from mortgage defaults in response to mounting problem loans, analysts said. Citibank last month launched an
      AFP  -  424 words
    • 295 16 Transfer of bad loans to Thai Asset Management Corp to be delayed Reuters [BANGKOK] Fresh bad news for Thai banks dragged the sector down yesterday, with the government announcing a delay in the transfer of bad loans to a new state debt body just
      Reuters  -  295 words
    • LATE Briefs
      • 61 16 Bloomberg [KUALA LUMPUR] Malaysia will likely take two years to complete reorganising RM3O billion (5513.8 billion) of overdue corporate debt, aaid accounting firm Grant Thornton. The Malaysian unit of the accounting and coafoMaocyfinn is helping the country's debt mediator, the Corporate Debt Restructuring
        Bloomberg  -  61 words
      • 72 16 Reuters [JAKARTA] Indonesia, already shouldering one of the world's costliest bank bailouts, said yesterday it has proposed to Parliament to issue 40 trillion rupiah(BsBJ2 billion), in new bonds to help the troubled sector. "The bond issue is part of measures agreed with the IMF.
        Reuters  -  72 words
      • 66 16 AP [KUALA LUMPUR] Prime Mlniater Mahathir Mohamad's top ethnic Chinese aide held unprecedented talks yesterday with journalists of an influential Chinese-language newapapei that the Malaysian loader hen armimrt of S spreading hatred against the government Matthias Chang, Dr Mahathir's recently appointed political
        AP  -  66 words
      • 82 16 AFP [SINGAPORE) Tokyo, Hong Kong, Bombay and Seoul are among the 20 coetliest places hi the world for office rentals, with London's chic West End remaining the most expensive, a gtobal property consultancy saki. Rental growth for high-end ofltoe space "slowed dramartraffy
        AFP  -  82 words
      • 70 16 AFX (BANGKOK] Finance Minister SomkklJatusrtpttaksrtM two spsetaloosmttteee, constating of a number of financial experts, have been established to (frafte master plan for Thailand's capital markets. In ißustimsDay report, Mr Somkid said the coomittoos would work to produce a quahtyorisntod plan that met the various
        AFX  -  70 words
    • ASIA Notes
      • 89 17 Reuters [BEIJING] Finance Minister Xiang Huaicheng defended China's expansionary fiscal policy as necessary to keep the economy moving amid slowing export growth, the Financial News said yesterday. Beijing pi*n« to issue ISO billion yuan (5131.6 billion) worth of special bonds to fund state spending on
        Reuters  -  89 words
      • 99 17 AFX [SHANGHAI] Eastern Communications Co Ltd (Eastcom) said the China Securities Regulatory Commission (CSRC) has asked the company to correct a range of irregularities including inadequate disclosure and a failure to seek shareholder approval for key investment decisions. Eastcom said an inspection by the CSRC
        AFX  -  99 words
      • 73 17 Reuters [COLOMBO] Sri Lanka's economy is likely to post lower growth of 3 per cent for 2001 from the previous forecast of 4.5 per cent for the year, a top official said yesterday. "The factors are the airport attack, a weak agriculture sector
        Reuters  -  73 words
      • 70 17 AFP [MADRAS] India's largest mutual fUnds manager on Monday tried to allay investor fears of a financial collapse and said it planned hard-hitting reforms in the wake of a scandal. Nearly 20 million investors were left in the lurch after a stunning decision by
        AFP  -  70 words
      • 104 17 Xinhua (HONG KONG] Hong Kong Financial Secretary Antony Leung left hare for a two-day trip to Beijing to boost mainland tourism to the city, sources from the government information department said yesterday. Lifting the number of mainland visitors would provide a boost for the
        Xinhua  -  104 words
      • 96 17 Xinhua [HONG KONG] Oversupply and Sailing prices have forced down the production value of DRAM (dynamic random-access memory) in Taiwan, according to reports reaching here from Taipei yesterday. The global production value this year is estimated to be only US$l4 billion, as compared with US$29
        Xinhua  -  96 words
    • 381 17 CHINA BOUND The move will allow local chip packagers to setup plants in the mainland Bloomberg, Dow Jones AFX [TAIPEI] Taiwan President Chen Shui-bian will probably ease investment restrictions in China by the end of this month, paving the way for local
      Bloomberg,; Dow Jones; AFX  -  381 words
    • 171 17 BANGKOK Xinhua CHAROEN Pokphand Group, Thailand's biggest agro-industrial conglomerate, plans to start making shrimp-feed in China, the group's largest investment hub outside its motherland, the Bangkok Post reported yesterday. Pong Visedpaitoon, chief of the CP Food Company, a subsidiary of the conglomerate, will lead
      Xinhua  -  171 words
    • 334 17 Xinhua, AFP [BEIJING] China will beef up supervision of certified public accounting firms to avoid fraud. Yesterday's China Daily quoted Li Yong, assistant minister of finance, as saying that the ministry is conducting a nationwide inspection on the firms' implementation of accounting laws.
      Xinhua,; AFP  -  334 words
  • Page 16 Advertisements
    • 1237 16 [>0\ KRUNG THAI BANK PUBLIC COMPANY LIMITED (T \1 SINGAPORE BRANCH 65 Chulia Street #32-05/08 OCBC Centre, Singapore *****3 Tel: (65) 533 6691. Fax; (65) 533 0930. Telex: RS ***** KTBSIN Balance Sheet Income Statement As at December 31,2000 and 1999 For the years ended December 31,2000 and 1999 Consolidated
      1,237 words

  • Page 17 Advertisements
    • 256 17 IT&ia Pacific mMM Maritime 2001 E Pre mier Maritime Event y Out to vital markets with Shipping Timet, the Official Wewtpaotf tU' m Pacific Maritime, one of the shipping industry's WK M£l most events, is all set to sail into Singapore I from sto 7 September2ool. And with it major
      256 words
    • 190 17 Maastricht School of Management a" DBA i MBA W The Maastricht School of Management incorporating E-Commorce (MSM) has restructured its programmes A. to better prepare its graduates for O the challenges of the 21st century. MBA Globalisation Issues Preview r on 23rd August (h (Thur) "j Entrepreneurs!*) T7TT Cross Cultural
      190 words

  • FINANCE
    • 295 18  -  STbla^llßGlStinbdn C K Lau Refco Singapore LATE bargain-hunting ahead of the US Federal Open Market Committee meeting helped Singapore shares end in positive territory yesterday. The benchmark Straits Times Index closed a touch higher at 1,631.64, a gain of 4.72 points, or 0.29 per cent, with
      295 words
    • 251 18  -  MSCI Taiwan Index Daniel Wong Refco Singapore TAIWAN stocks inched up yesterday, led by Taiwan Semiconductor Manufacturing Co, which rose 0.8 per cent after its positive forecast for the third quarter. The MSCI Taiwan Stock Index added 0.6 point or 0.28 per cent, to
      251 words
    • 241 18 London Reuters THE US dollar was steady against the euro yesterday, hugging a tight range ahead of a US rate decision, but it fell against the yen after Japan appeared to rule out any near-term intervention to cap yen strength. The yen outshone other major currencies, rising over
      Reuters  -  241 words
    • Article, Illustration
      1028 18 JfTEH&AJTK CHR.OSS RATES Aug21 a mm tm f* o» m bom—» v i »n g —< Mr on mm Hmt m *MnM 0J24 i4R UM un IN3 4«t BJM 45*0 0443 4J57 L029 *****4229 Z7JM 0935 4429 OJM *.*****902 OJM 0534 CM* UO 5J75 OJM 4JM UM SJS 3UMSUM 07M
      1,028 words
  • Page 18 Advertisements
    • 665 18 Where to wine, dine and entertain...-? iu^s B* Giulio and Antonella don't always agree 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
      665 words
    • 75 18 The Essence of Bordeaux Gastronomy at Top of the 'M' Revolving Restaurant presented by Guest Chef Eric Braquessac 15-26 August 2001 «Bon app&iti Reservations: 831 6258/88 I ItMMTMI mmm Mb. U; 13) Octad R<ad. Sim 23M67 W 737 4411 Fan-7U 2341 The most talk about Apple Pie Deep Fried Cheese
      75 words

  • WORLD news
    • 586 19 SAN FRANCISCO High-tech company tries to revamp business amid persistent soft demand Reuters, Bloomberg ELECTRONICS testing equipment maker Agilent Technologies Inc said on Monday it would cut 9 per cent of its workforce and reported a thirdquarter operating loss as
      Reuters,; Bloomberg  -  586 words
    • LATE Briefs
      • 57 19 Bloomberg [BONN] Deutsche Telekom AG is stepping up its efforts to stem a share slide after an unexpected US$OlO million sale by an unidentified investor wiped a third off its market value in two weeks. The company has held talks with investors to avoid
        Bloomberg  -  57 words
      • 52 19 Reuters [LONDON] Britain's top executives saw their salaries soar to over £500,000 (551.27 million) last year, a survey said yesterday. Over the last 12 months, the typical chief executive got a 15 per cent rise in annual salary to £530,000, according to Monks
        Reuters  -  52 words
      • 63 19 AFP (TOKYO] An affiliate of Internet investor Softbank Corp said it would buy Japanese condominium contractor Sawako Corp, which collapsed with two billion yen (5129.2 million) in liabilities. SBI Capital Investment Co Ltd, 90 per cent owned by Softbank Investment Corp, "signed a basic agreement
        AFP  -  63 words
      • 61 19 Bloomberg [TOKYO] Nomura Research Institute, the research arm of Nomura Securities Co, said it will sell shares to the public and overseas in the largest initial public share sale by a Japanese firm this year. Nomura Research expects to raise 163 billion yen (552.4 billion)
        Bloomberg  -  61 words
    • 297 19 NEW YORK Total number of lay-offs to rise to 8,000 or 8% of staff AFP JP Morgan Chase, the secondlargest banking group in the United States, plans to shed a further 3,000 jobs, The Wall Street Journal said yesterday. This
      AFP  -  297 words
    • 408 19 Bloomberg THE US economy is heading for a more prolonged slowdown than has been forecast, two prominent Wall Street analysts said yesterday before the Federal Reserve poli-cy-makers met to decide on the widely expected reduction in interest rates. Stephen Roach, Morgan Stanley Dean Witter Co
      Bloomberg; FILE PHOTOS  -  408 words
    • 260 19 TAIPEI Reuters TAIWAN'S top personal computer maker, Acer Inc, unveiled an estimated NT57.64 billion (Ss3B6 million) takeover of unit Acer Sertek yesterday its latest restructuring move but one likely to do little to lift profits. Under the merger plan, the companies
      Reuters  -  260 words
    • 576 20 SEOUL But this may not last as falling exports force firms to cut costs, shed workers Bloomberg SOUTH Korea avoided the economic contraction that gripped much of Asia in the second quarter, though economists said the consumer spending binge that fuelled faster-than-expected
      Bloomberg  -  576 words
    • 367 20 SEOUL Bank's shares hit by worries over loans to Ailing chipmaker Bloomberg KOREA Exchange Bank (KEB) will not increase lending to Hynix Semiconductor Inc after its exposure to the ailing chipmaker made its shares the second-worst performing bank stock in three months.
      Bloomberg  -  367 words
    • 372 20 LONDON FT WPP, the advertising group headed by Martin Sorrell, on Monday unleashed a bid battle for Tempus, the media buying agency, by announcing an unsolicited cash offer of 555 pence a share. WPP also reported an increase in pretax profits
      FT  -  372 words
    • 67 20 [SEOUL] A protester is taken away by policemen as he shouts slogans denouncing South Korean delegates who visited communist North Korea for a joint national celebration, at the Kimpo domestic airport in Seoul yesterday. Some delegates are expected to be summoned by prosecution upon their return over possible
      AT  -  67 words
    • 276 20 NEW YORK NYT CREDIT Suisse First Boston (CSFB), which is at the centre of federal investigations into how new stocks were sold on Wall Street in the late *****, hired Gary G Lynch, a former director of enforcement for the Securities
      NYT  -  276 words
    • 438 20 TOKYO Move seen as signal that organised labour would not oppose reforms in Japan Bloomberg, Reuters LABOUR unions at Mycal Corp and Nippon Telegraph Telephone Corp are accepting pay and job cuts, signaling that organised labour will not stand in
      Bloomberg,; Reuters  -  438 words
    • 614 21 BRUSSELS WTO upholds EU charge; tax rating may hit trans-Atlantic ties LAT-WP THE United States must rewrite a controversial law that saves The Boeing Co, Microsoft Corp and other multinational companies billions a year in taxes or risk paying as much as
      LAT-WP  -  614 words
    • 502 21 TORONTO New law increases competition at home, sets stage for M&As; stocks take the cue NYT CANADA'S five big banks began reporting quarterly results cm Monday. But whatever they have to say about past performance and future plans will be of less interest to
      NYT  -  502 words
    • 484 21 US slowdown, Argentinian crisis, credit crunch cited AFP [MONTEVIDEO, Uruguay] Latin America's economy is facing a serious likelihood of recession due to the US slowdown and the crisis in Argentina, along with a shortage of credit, now more expensive all factors conspiring against its
      AFP  -  484 words
    • 486 21 WASHINGTON Nasdaq earnings fall 50% while NYSE sees a decline of 12% Bloomberg, Reuters A STRUGGLING US economy has hurt the country's stock markets, especially Nasdaq. The Nasdaq Stock Market's earnings fell by 50 per cent in the first half of
      Bloomberg,; Reuters  -  486 words
  • 1598 19 8ICOM POTinLES Aug 21 HMC1 (Mam cMnf m at SJOot) BSS1 CONTRACTS cntVkq) doM VetaM OpM 1* wowtn wf uw sett wmmi ■weren Of 102.50 OctOt 104.50 Na* 01 105.50 Dec 01 106.50 RSS 3 CONTRACT (USc«mAe) VoMm OpM MmMi Mjfe Um Sett (tin) NNemt Sep 01 57.75 650
    1,598 words

  • 7028 20 HONG KONG v« A<H» HK$ rOOO) AcrossAsia Muttimadia 1.S3 -0.02 0 Alpha Ganaral 0.03 unch 2250 Amoy Prep 8.65 0.10 2011 Ananda WlngOn 0.12 -0.02 ***** Angana Now StM4 H 0-89 0.04 ***** AnhoiConchH 179 0.07 5090 Anhui Expressway H 1.34 0.05 2736 Ar contach Corp 1.03 -0.05
    7,028 words

  • Page 21 Advertisements
    • 150 21 Notices TAILECOM INTERNATIONAL INC (S) PTE LTD /In li ■■„>. (Hi wtemoers voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap. 50 that the Final Meeting of the Members' of the above-named Company will be held at 10 Anson Road #33-17 International Plaza Singapore
      150 words

  • BT golf
    • 959 22  -  Can Singapore golfers succeed in Europe and the US? GEOFFREY EU finds OUt GEOFFREY EU LAST weekend's PGA Championship was notable not only because the quietly unspectacular David Toms won his first Grand Slam tournament by outplaying World No 2 Phil Mickelson in a
      PICTURES BY GEOFFREY EU  -  959 words
  • Page 22 Advertisements
    • 128 22 -,-y |V ;> "I parked my Golf between a Rolls-Royce and a BentJey. It seemed like the most natural thing to do." Jf M i3ti®P2 j^r," Vt. *"b m s■■ s t* f• N ,-f 4** F #1' X. I Jtr,i, A llife ISHBiI 9Baß^^jHHkj I r i s!> M
      128 words
    • 354 22 with I 1. JH BTGolf would like to invite y^ readers to mP* letters or .^^JjS4 questions related to V. ißttflM^Biil H the sometimes often exasperating, game called golf. All questions will be answered by resident pro, Unho Park, and the best letter or question will win two 8-packs of
      354 words

  • e News
    • 682 23 Itkaa PSflb debt, Ifim if USs346m in latest qtr; firm's survival in doubt Reuters [PALO ALTO, California] The slaughter sweeping the dotcom sector appeared ready to take down one of the most established consumer Internet companies on Monday, when ExciteAtHome Corp said it may not
      Reuters  -  682 words
    • 288 23 TOKYO Deal to develop Net phones covers only R&D for now AFP THREE major Japanese high-tech firms said yesterday they would work together on third generation mobile phone technology to take on the foreign mobile giants and increase their global market share.
      AFP  -  288 words
  • 1831 23 BONDS WARRANTS Avg2 > w i-n-ii .A"* c—-* mm m* u» *m w mi —u» i >93 26 I ASTIW*****1 27 -03 S6 273 27 27 273 26 26.4 1 M 8 130 34 473 133 s AmtakW0506K> 415 2 377 42 39.5 413 42 39 29.1 1
    1,831 words
  • Page 23 Advertisements
    • 240 23 Intentia is the world s leading supplier of e-collaboration solutions. Our Of p4» m business concept is to develop and make business processes more effective lIILL. I I L I d by combining software and know-how. Our e-collaboration application Movex is one of the most advanced on the market and
      240 words

  • 6949 24 SQXMAINBOARD M Ml Day LaatQaaM Mr Ik N M Cm Am u» Ciww Hit w- cm 1«» Beyer i+m Cm m 3 *3 MULTHNOUSTKY 143 35 cAcma50c 3* -0.5 206 38 5 37 37 38 0 5 19.9 0.7 10 65.9 38 41 8 c Alliance Tech 10
    6,949 words
  • Page 24 Advertisements
    • 57 24 MAdemarsPiguet Le maitre de I'horlogerie depuis 1875 cu AVAILABLE AT SINGAPORE Regional Agent. Showroom ft Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. Cortina W»td» P*Lid 501 Orchard Road #03-10/11 Wheelock Place Singapore *****0. Tel: 238 6678 Fax: 238 6676. Kafn« Oiy »Oi-M Td: JJ99IM MMenia Watt *oi-62/tsA Td: 3»172« internet:
      57 words

  • BT motoring
    • 547 25  -  City Cab to introduce first cars in Singapore to run on compressed natural gas, reports Christopher tar CHRISTOPHER TAN TAXI company CityCab is buying a fleet of 30-50 Volvos that run on natural gas as well as petrol, making the unit
      547 words
    • 300 25 Fleet comprises Honda Civics powered by both electricity and petrol CITYCAB will operate a high-tech car-sharing system, which when ready early next year, could improve commuting in the city centre. The DelGro-owned taxi company will run a fleet of up to 50 Honda
      300 words
    • 335 25  -  At less than $170,000 with COE, it will be the most affordable Jag ever By Christopher Tan JAGUAR is due to unveil its latest cub, the X-Type, in three weeks. But plans for the Singapore ad campaign are still hazy. The X-Type dubbed
      335 words
    • BUMPER to BUMPER
      • 82 25 OUB has launched a credit facility to help car buyers with the 30 per cent downpayment required by law. In a recent advertisement, the bank said its OUB Credit Link would give a customer access to $50,000 or twice his monthly salary—whichever is lower.
        82 words
      • 83 25 THE Automobile Association of Singapore (AAS) has signed a memorandum of understanding with CET Technologies for the latter to fit a satellite-baaed vehicle tracking and despatch system for the AAS' Vehicle Recovery Services. The GPS (global-positioning system) device will enable the call centre to
        83 words
      • 119 25 FORD-OWNED Land Rover is to invest more Hun US$2 billion on a new product offensive to launch five new models. Acquired from BMW last year, the brand is now targeting the North American market Bob Dover, Land Rover's chairman, told Financial Times: "In
        119 words
      • 119 25 FORD chief executive Jac Nasser is expected this week to give depositions to lawyers representing the legal cases involving tyre-related accidents in Ford Explorers, according to the Financial Tima. H»e depositions are intended to be an all-in-one opportunity for a variety of plaintiffs'lawyers
        119 words
      • 125 25 VOLKSWAGEN is considering whether to build another factory in North America to counteract toe effect of the Calling US dollar on the prices of imported cars in the US, as workers in its Puebla, Mexico plant, producing the new Beetle went on strike for higher
        125 words
      • 104 25 HARLEY-DAVIDSON Is planning an ambitious expansion drive to more than double its market ahare in Europe. The Milwaukee-based company, which recently teamed up with Porsche of Germany to develop a new family of engines, hopes to lift its share of the European "heavy-bike" market from 6.3
        104 words
      • 77 25  -  tafMhr Christopher Tan MG ROVER has clinched another major fleet sale. In a contract worth £11 million (5527.9 million) at showroom prices, MG Rover, in partnership with Arnold Clark Finance, will supply up to 1,000 cars over three years to John Menzies and
        77 words
  • Article, Illustration
    1272 25 Source: LTA Average open market value (OMV) of cars registered in July MBoamK cc mmm ftirnmrni r iejaoe ALA ROMEO A1S6 2.0 1570 ***** AU=* ROMEO A1562.6 Z492 ***** AUDIA3ia«eOR 1.306 ***** AUBA41 SMCR 1596 25£B6 AUO A*1.OT7F¥VT 1,781 3GgQ24 1.781 37*36 MBITTC15T180M 1,781 ***** AUBTJC15TQ225M 1,781
    Source: LTA  -  1,272 words

  • UNIT trusts
    • 1259 26  -  For investors of a capital guaranteed fund which has lost 35% over 10 years, fund manager DBSAM is offering options which include rolling over into a new capital protected fund, genevieve cua has the details GENEVIEVE CUA A CAPITAL guaranteed fund investing according to Islamic principles has closed
      Source: Standard & Poor's Fund Services  -  1,259 words
    • 426 26 UNIT 1BUST/SECT0R (6 MONTHS: FEB 16 PI AUG 17 till TOPIOFUNOS CPf-APPROVED 88CHMA8K (86) CHN6 CHNG 1 Aberdeen Indonesia Eqty Y 19.09 JatarteSEMa** 11.97 tQuny nooom 2 HS8C Chinese Gro«#i N 925 OSACNraWWd -7.95 S Equity China 3 Abtedean Thailand Eqty Y 822 MSQTMM UST -10.3 Equly
      426 words
  • Page 26 Advertisements
    • 327 26 In today s volatile market you would appreciate a Fund that offers you stability. Franklin Templeton Investments provides you with a Fund that does exactly this. Called the Franklin Templeton Funds Franklin U.S. Government Fund, it invests in securities backed by the Government National Mortgage Association (GNMAs or 'Ginnie Maes').
      327 words

  • PERSONAL investment
    • 269 27  -  UNIT TRUSTS Bryan Lee LOOKING for a slice of the $1.7 billion guaranteed fund market, OUB Optimix Funds Management recently launched its first capital-assured product. Aimed at deposit-based and first-time investors, the Optimix Guaranteed Fund is a Singapore-dollar closed-end fund with a fixed term of
      269 words
    • 1107 27  -  Dive in selling activity has led to surge for index though any excitement is capped by buyers lying low By Robert Halili The writer is managing director of Asia Insider Limited. He is assisted by Ngia Soon Chai in Singapore Although systems integrator Datacraft Asia Ltd
      Source: Asia Insider  -  1,107 words
  • ASIA ONE markets
    • 550 27  -  Price-to-book ratios for tech companies have been crashing and it doesn't bode well as the falls are likely to be due to inflated book values Bu Russell Tan PICK any tech company especially one that's been on an acquisition spree over the last five
      550 words
    • 589 27  -  Continuing sluggish US growth could mean more than 20% correction for Dow to about 8,000 By Jacques Chahine THIS week, we ask, "Just how weak are key economies, and how will weaker economic growth impact stock markets?" The recent US employment report for July was reasonably
      REUTERS  -  589 words
  • Page 27 Advertisements

  • EXECUTIVE money
    • 1706 28  -  YOUR MONEY Are people getting the best deals In today's commission-driven Insurance Industry? The lack of transparency makes a strong argmnent for going term and Investing the rest genevieve cua THE Life Insurance Association last week released some eye-pop-ping numbers: total sales in the first
      Compiled by BT; FILE PHOTO  -  1,706 words
  • Page 28 Advertisements
    • 254 28 r i ©LEXLJS I rXI IS i Jr-a aoo Tke ReUntl«» Pur.uit Of Perfection ■L. Wr hBKj ■Nioa BMtafl aki HKa^wrMl^£ m. Jwnnoo P®l^wßOlßHMM^^HDHHiH9RH^9i^^HßHHSKa2Hl^P^Hfll^^^^^^^flkX r 1saKiadMB^^^B^^BW^^^MIIBii^HWB^^M^B^HIHHBBBBMMB!BBBBMHIB^^^Iw^^wi3BB^^^Hir^ >s 'L. Jr Jaßlf Like you, the assertive new Lexus ***** doesn t teat in-line 6 engine with stirs. The distinctive Equally persuasive are
      254 words

  • SHIPPING TIMES
    • 246 29 Reuters THE Baltic Dry Index (BDI) rose one point to 978 the Baltic Panamas Index (BPI) gained 17 points to 985, the Baltic Handymax Index (BHD firmed two points to 7,777 and the Baltic Capesize Index (BCD was down 13 points to 1,087. ♦Chang Ho (built 2000) 80,416
      Reuters  -  246 words
    • 183 29 m warn mi ia» w CWT "lrtl»HIU. 0.53 aw 2C 0.32 g 0.01 270 ss 3 gCMggp.iC *3> KSSIIQSp £5 002 574 KtWMFELS 152 unct) 74® O.OT *02 SrnitariM oJS roe W*t»ocli 0-30 0.01 _3 «OL 1.04 OJta 3327 rSTcLi, t :o"i9 ojm :JM s2£bM?l55 IS -0M >924
      183 words
    • 697 29  -  Govt in talks with underwriters to cnt massive w&r risk premiums By Donald Urquhart [SINGAPORE] Sri Lanka's deepening port crisis appears set to ease as the Sri Lankan government is negotiating to post a guarantee of up to US$5O million in exchange
      AFP  -  697 words
    • 168 29 [SINGAPORE] Up to 60,000 Malaysian seamen are looking to form a union to improve pay and work conditions, according to a report in the Malaysian Shipping Times. The paper said unionisation would also help Malaysian shipping companies overcome crew shortages experienced worldwide, by establishing
      168 words
    • 292 29  -  By Beth Jinks [SINGAPORE] Amsterdam Seaports showed a 10.5 per cent jump in transhipment traffic year on year during the first half of 2001, and authorities remain confident of a record year despite a big loss of container traffic. Incorporating the ports of IJmuiden/Velsen, Beverwijk,
      292 words
    • 381 29 Reuters [MANILA] Philippine port operator International Container Terminal Services Inc (ICTSI) posted net income of 3.09 billion pesos (*****.98 million) in the first half, but would have been in the red without one time gains from the sale of foreign
      Reuters  -  381 words
    • SHIPPING news
      • 710 30  -  STRAIT TALK By Seafarer SEAFARER is no "bleeding heart liberal" but it does strike me that the designation of Sri Lanka as a war risk for cargo purposes and the addition of an extra insurance premium to cover it by the Lloyd's Underwriters'
        AFP  -  710 words
      • PORT Shots
        • 65 30 [SINGAPORE] An international passenger terminal will be developed at Indonesia's Belawan port beginning this year. The Indonesia Port Co announced the move in an effort to attract international investment in the project which reportedly will require 60 billion rupees (Ssl2 million) to fluid. Currently occupied
          65 words
        • 85 30 [SINGAPORE] The Suet Canal will be dredged to a maximum draught of 66 ft to enable vessels up to 210,000 dwt to pass through, its authority announced last week. Planned to mark the canal's 45th anniversary since nationalism, the expansion is
          85 words
        • 51 30 [SINGAPORE] The Philippine Port Authority will build more shelters and halfway houses for passengers stranded at its major ports. Aimed primarily at assisting women and children victims of human trafficking, the first shelter—providing temporary food, accommodation and counselling—was built at the North Harbour terminal last
          51 words
        • 88 30 [SINGAPORE] The Thai customs department will have an all-encompassing electronic data interchange (EDI) system up and running by early in 2002. The system is currently processing 80 per cent erf all export Invoices and 70 per cent of import documentation, but will
          88 words
        • 51 30 [SINGAPORE] Indonesia is reportedly willing to be regarded as a flag of convenience state in its efforts to further open up its ship registry system. n»e new open registry policy will come into effect "as soon as possible" to empower the national fleet, MAT
          51 words
        • 122 30 Bloomberg {HAMILTON, Bermuda] Sea Containers Ltd, a cargo and ferry ship operator, said it will sell as many as 5 million shares of Orient-Express Hotels Ltd, or about a third of its stake, worth US$lOl million. Sea Containers will 9ell the shares on the open
          Bloomberg  -  122 words
        • 100 30 [SINGAPORE] Evergreen and the Taiwan line's sister company Lloyd Triestino have cut capacity between Asia and the Mediterranean by using smaller ships on current routes. Avoiding any service schedule disruption, the lines are reported to have withdrawn all 3,BOOTEU ships from the Far East Mediterranean
          100 words
    • 238 30 PACE Ahreflkict 10 Appe«N> 5 Assets S AmM 10 rtmglUs 6 BSA T BSC 9 BTl W Bat# 4 BitiHMKto 9 BtysMler 10 CC* T CMACGtf 3 COSCO 3 Centra Ex 6 Ctuhaya 10 CMMSIIM 5 Confer 10 Compass SlipQ 10 Cotonylot 5 Couipr 7 CVT ClobeSnk
      238 words
    • 9514 36 THEBUSINESSTIMES Pag6 8 EXPORT WEDNESDAY, AUGUST 22. 200 ETA ETA Advertiser Vtu« Voyage Telephone To ABIDJAN (ABJ) 2003 Cot* D'lvolre 29/00 07/10 Mtid DELMAS SURCOUF HOW 45-*****44 30/00 WW COSCO HOPE 0033W (5-*****00 02/09 S/09 MOL MOL SASSANDRA M02A 05-*****00 03/01 30/09 Wen Hung INTELLIGENCE CONTA IC1MS 45-*****33
      9,514 words
    • SHIPS IN PORT
      • 705 39 V«y Wo »ftH ArrtvX Dturfrt J—< Nit M C*ncor 19 JC 2V08/525 2V08/I900 C *M«i 21-Aao J» ZtfWtoc 2VQ8/KOO Tro»«Ml a 8AOI J04 2V08/9i5 21/08/1700 Mst4r8 *****1 J03 2VD8/820 21/08/2200 MrSMtanW H1201 J02 2V08/905 2V08/2W0 MtStar 6 J02 2V08/9:40 21/08/23 OC Low MM 34 J07 2V08/9-.20 21/08/2300 Srt-T«*ng
        705 words
      • 1602 39 KECovmc or expoih rg cohtamps and La cargo aoottH/11—ci Htte VtfyMo Etfc/Btr Hr*oi fnm To froM K*m 4M wnw wbw wm a iwmx rw :vv*x a x.-x :vo»w jvwoc 1 WWW 2VTW 4 WBW WW WTO tcntm onra 22AOO i wmo w»w ivme 'Z.~"x yo*5* ,'*>rx a M/TT00
        1,602 words
      • 192 39 Aofut 27 United Kingdom: Summer Bank Holiday August 31 Malaysia: National Day Philippines.: National Heroes Day ii a Vietnam: National Day Haptaa Ear 3 Canada: Labour Day Vietnam: National Day Holiday Hiipt—has 4 United States: Labour Day HipHMfcii IB Japan: Respect for the Aged Day HiXialu M Mexico:
        192 words
      • 745 39 THIS report, compiled by Cockett Marine OU Ltd. shows price ranges in US dollars instead of single prices far a more comprehensive description of the market. Prices shown are based on averagesiaed stem Market movements are indicated. The Cockett Bunker Price Index change and the individual
        745 words
      • 456 39 Cartas 180 Mu MZJ 05 BJ OB 44 0.03 ta|M OwMy Motor OoiUm Ask Siteirt No Mww E25 0 0 3 1 0 0 300 Aw KJ 0.1 14.7 046 If 0.02 tun 300 MM 990J 0l5 17.1 0.00 40 0.00 %t/9 »M/M WW No Mow
        456 words
    • AIR & LAND transport
      • 366 40 Reuters [SYDNEY] Australia's Macquarie Bank said it was looking to grow its airport investment base in Europe, but declined to comment specifically on rumours it was staging a Asl.s billion (5511.39 billion) bid for the UK's TBI pic. "We have a fund
        Reuters  -  366 words
      • 582 40 Other US carriers likely to match its move Reuters [CHICAGO] American Airlines, seeking new ways to cut costs amid an industry downturn, is lowering commission caps for travel agents in a further move to squeeze the middle man out of existence. American, the
        Reuters; FILE PHOTO  -  582 words
      • 562 40  -  Cabinet to consider status report on national carrier before making decision on foreign investment caps By Beth Jinks [SINGAPORE] The New Zealand Government will announce its decision on ownership options for Air NZ by its Sept 4 deadline
        REUTERS  -  562 words
      • 62 40 AP [TOKYO] Airline workers at Tokyo's Haneda Airport check-in counter are busy dealing with passengers as flights bound for western Japan are cancelled by powerful storm Pabuk yesterday. The storm, which was downgraded from typhoon status after losing power, lashed western Japan with fierce gusts
        AP  -  62 words
      • 245 40 Bloomberg [TOKYO] Deutsche Lufthansa won the right to add new flights from Tokyo in May after Japan and Germany agreed in aviation talks to increase air traffic from the Japanese capital to Frankfurt. Japanese and German officials agreed to increase flights starting in May
        Bloomberg  -  245 words
      • 189 40 Xinhua [PARIS] It is quite possible that the certificate of airworthiness of Concorde be restored by the end of August 2001, the FrenchBritish Joint work team on resumption of flights of the supersonic airliner said. The certificate was suspended on Aug
        Xinhua; AP  -  189 words
      • 1589 40 cm rum pa man n> MM* MKX B50 LMM BSO «P» MMrMi SOU 0*8 (U3t 2255 van ons so3» am MB II MM—M H Kg MMM K242M 2045 *2 UK «M5 was »g was ims tnm ma mm— m/emm mo iwmmt wb •i*t10(«mm mor noc to«
        1,589 words
  • Page 29 Advertisements
    • 430 29 .—nn ff The Port of Oakland board has appointed Anfl Tfcy YosMtanl (right) as executive director, replacing Charles Foster, who is retiring. T Mr Yoshitani will move up from his current position I :as the port's deputy executive director, which he has S hekj for three years. He served as
      430 words
    • 10 29 STRAIT TALK: UepT* I tareojerfc reaction to SrfLMfcM terrorism Pg2
      10 words
    • 227 29 25 September 2001 Westin Stamford Westin Plaza Hotel (Padang Room) Orgenieedby: Advteedby: Managed by: /IN STEAC rV SMQu xssw wave link m a e ,f,,W tIMCAPOII SMEF fir fig MACMSK MM V Ml imiulrmtM —mT. rt J* Coma and hoar soma of tfw topics to wfl shed fight and shop*
      227 words

  • Page 30 Advertisements
    • 641 30 I TO USA/pANADA 1 I EXPORT 1 I OTHER DESTINATIONS I wr us Imailiow6K*ojD«uAS Inomsiow I—m lotuco Iwwtom I w VHWTTIAIAAon unmi 00Q CAURMMA SUM 21* MIWI ll* 12* 12* 12* IS* 1 1 r— —I ooamrron iias 21* »/m I 14* it* ii* i»* u* 22* 'r. hjor m
      641 words
    • 537 30 XggSK -lines* service* represented by I Members of Registry of Members ai tfw Accredaed Stvpping Agents, ZgimJ Uj 9 ,dia Singapore Shipping Association Assoortion SULYUNC-MAU 1 vissa Tvor m m n E I r.ojm spoki uu Empress lily VO7DI 05/09 06/09 13/09 j Prince* lily VO7Ol 22/09 23/09 30/09 Empress
      537 words

  • Page 31 Advertisements
    • 753 31 TO EUROPE FROM EUROPE Ivcsa VOT MM IW HOI m sou im Ifyea vot I roi m mm m sou ta> ml apibis imw m/m is/w ij/m i»/m ii/« mm iob «s/m m/m 31/w oi/n m/m MISOUmOH MIW 24/ M M/M 11/ M 14/ M IS/M HVUMMMfION 1501 OS/MM/M 07/
      753 words
    • 1438 31 It MM l/l lit Mrs JSMAN T/T: 12 Mt* T/y,ISMW i'J S^SSS^fSJSi' 2 00 o»ia MSB GUMNG TH: 07-*****44 HUfc 07-*****7Q COSTAI SNIPPING PTIITO SSJSifS" 225fW/H 522# S!Hs£2 rotmAiiG 03-*****433 0******U1 CX NO; **********0 M TH: *****00 (MAM) WWAtD D 0) *****0* *****19/49 PBUH6 04-*****99 04-*****99 T/SWTPgT *****2S 23*5316/44 KUANTAN
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    • 252 31 I WT SB KT SM Umbnm 111 \mhvmLhLnULJmm flfi Loaac mi bvBU/b H/M M|SJBg. i|g ftg M[ LUZ hbmbihwm mly |»b kn MifffE pfrTrrrrfTT^^^^^M |b ism ms a/w b/b sb p/N|e/B hn vm vm iin MBSBBff INS p/wlivN B/N W/N lyw fmaMPB MB I IM| 1 [MB IMT 1 |VW
      252 words

  • Page 32 Advertisements
    • 715 32 SENATOR LINES *>* Tail UH Ihbfmb|ma I mv 1 m m r ~iu m T"^ 225T25T £2 £2 22 !J2 \\2 !I2 !J2 5* ~S5r ~£r ~55r 2*5" UM MI MI MI 12 M! "■""f |J n* im it* 2JZ IJ2 JJ2 «2 MI 112 22 i«* n* m WW
      715 words
    • 572 32 CTv vJ S«U:|Oa<) *****9 MAMLA: (U2) *****24 PBUNOWaWM* BANOIOOIC:(e«2)2We7 SURABAYA (31) 3(*****1 P. KB-ANG <p3)M&n JKTi (21) *****6 KUCHNQ (08?) <*****-3 KOBI/OSAKA PIRAEUS MV "MED TAICHUNG" V.N 104 MV "CONTSHIP AMBITION'' V.l 127 ETA SIN: 26-08-2001 ETA SIN: 28-08-2001 ADELAIDE CAPETOWN MV "MOL WARATAH" V.015 MV "SAFMARINE ORANJE" V.133W I
      572 words
    • 344 32 WEEKLY EXPRESS SAILING SCHHJULE WESTVOUND TO: COLOMBO A NHMM SHEW (CFS MULUND, MUMM) MJO ACCEFTMG TO ML MimCM MB WBTEW CO ram wssemm Iww frw|<aot|M.ara| immciw Icmmcm wlm> vb-mmw )mb im 27Mt r» mmbsrm nn tun rn ■uuMßnes mm ow u» MMtamssm mmomk Tim m Miosa sciat iisp itsp mmmm
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  • Page 33 Advertisements
    • 1424 33 IVPSB. VOY KHH HKO I SIN I WO. I PX6 M> DMA 4 MC MAN HORAAOZQAN PCI-221 21/O* 27/09 25/0$ 26/0$ 0T709 ***** 03/09 07/09 MAN TOMAN PCI-222 28/08 29/00 01/09 02/09 09/09 10/09 12/09 14/09 MAN TAAAIAIAfI PCI-223 04/09 09/09 OS/09 09/09 16/09 17/09 19/09 21/09 MAN KHtMAN KL-224
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    • 1024 33 »A**Ofi/*A> U WRfT/ÜBI OUBAH6 rasa Iww smi mm sm m no I ww I m I ma m I mi I Mama liT vm jg ww u/m il&Kaf- 1 1 frl I I 1 1111 I mmm aw am mm urn im* Sioo I wit IVR 1 fl/6 I I
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  • Page 34 Advertisements
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    • 340 34 INDONESIA NATIONAL LINE TO AUSTRALIA RM.L COWBMMER SERVICE w m i w| st» m mjmi w raw MUM 48 »/V7l/M Sl/H M/W "T" 7" mMon «r P/wb/h 5/» T" ivii T" hwmm n/mu/m ~1~ H/ii T~ ■WW US IVWII/W 17/W n/W H/M T" FEEDER BERVICE TO INDONESIA m bmw nm
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  • Page 35 Advertisements
    • 386 35 BSfl ik mnnOM MYANMA iflßßk FIVE STAR UNE (My—f NctMaol Um) foe Yhjm rasa vor sin m ra poi npa-an ?»<m SIB OONGU MW Oft OAIATSIA AGENTS: OOUSTEAB SMPfOK AGENOB III: m 03-*****300 PtL TH 03-JI7MIOI POk TH 04-2****** WU: TH 07-*****21/4 BANK LINE (A >«rvk« Aadraw Wak %h|) NORTHBOUND
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  • Page 37 Advertisements
    • 814 37 Offers FCLACL 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@ial.com Website: www.iaisin.com ItaMtafc LudNanaOCOfc Kandte m. j a** Mfium i --1 i j- r_ r 2issis!is? ,ioidh %*,»—■Cwmocmv^.CMM*» rmtt SHlMM***** -.>> WtWIVJFSIKWITiIISS2^SiST
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    • 210 37 BKUISMfHIWtOMiroI vbsh vot smre writ ksimokm tow 11/01 21/08 22/08 H—,T—^ UmS»22 09/01 71/00 72/08 SmMMB IMJ* 01/01 71/ M 72/08 Sw^B UMSM 17 04/01 72/08 73/08 kM umS»47 OS/DI am TVOB wl ttwSferlO 04/01 73/08 M/ 08 A) Mi 05/01 73/08 74/08 IT Sari 08/01 24/08 25/38 UMiSt*3 08/01
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  • Page 38 Advertisements
    • 536 38 I VESSEL VOY SIN MAA SIN CAPE CHARLES 17N/01 2S-2&08 3C-02/09 TIGER BRDGE 912N 26-26C8 31-0309 OT 48/09 TIGER RHYTHM 915N 28-2S*» 03-0609 10-11/09 MILOBURG 1«M>1 30-31/06 06-09r<D9 15-15/09 TIGER SPEED 917N 03-0409 10-14AJ9 18-1&09 TIGER BROGE 916N 07-0609 13-1609 20-21/09 I VESSEL VOY SIN CAL SIN XPRESS SPORE 322
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    • 715 38 1 FREIGHT LINKS EXPRESS PTE LTD ft 51 Panjuru Rood, 3rd Level, 1 Freight Links Express Logistkentre, Singapore *****3 I Tel: *****11 Fox: *****77 E-moil: I Introducing 1 VALPARAISO SOUTH AMERICA SANTOS MANZANILLO fortnightly service BUENO AIRES Booking 267# I 3565/4694/3335/5339/3541/3533/5569/5379/5562/5563 PROJtCT SHIPMPifr A ItfAVYUFT CAMQO J (CONVENTIONAL A RORO)
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  • Page 39 Miscellaneous
    • 133 39 M 2 2 -1 Jcd^^ >s>, vv^ ,,g^ LEGEND: by Meteorological Service Singapore K Thunderstorm Showers x Rain emperature Election an( j spo ed in knots Cloudy Day Wm ,< OO HaZV 7 Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds
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