The Business Times, 30 August 2001

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Microfilm: NL23108
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    17 1 THE BUSINESS TIMES MITA (P) 107/03/2001 Internet: luip:/V'business-times.asial .com.sg/ SINGAPORE V |V THURSDAY. AUGUST 30. 2001 85C
    17 words
  • Article
    Lock icon MARKET SUMMARY
    72 1 Dsn M34u83 (-5.82) U M3JO (+1.14) ST DCDEZ FUTTJKES MBBuOO (-6.00) siasci fotukes HUM (-0.90) STOCK MARKET DnHCES Wednesday Change klsecomp anas 2.42 NIKKEI 221 19S79.79 209.64 HANG SENG *****41 -ML12 SET INDEX JAKARTA COMP 427.84 -11# MANILA COMP _tf7«J7 -1LB TAIPEI WPI AjtUt +M&21 SEOULCOMP oteJB -1AL86
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  • Article
    Lock icon FINANCE
    72 1 FOSEX BATES USS St USSfSSparUSS) L7il £(USS/SSper£) 1.4*3 iMl EUBO(USS/SS/E) 0J13 IMS Ml 114J L84 YEN US J MM Ml 1800 1171 HXS 7m 4.456 BAHT 4420 »J8 RUPIAH l,l» W6i *S> to too units PUKE BATES SINGAPORE* 5.80 KlIALA LLMPlTt 7.67 JAKARTA .3900 BANGKOK 9 JO MANILA 11.00
    72 words
  • Article, Illustration
    Lock icon US economy escapes contraction in Q2
    593 1 Growth revised downwards to 0.2%; inventories down sharply Reuters, Bloomberg, AP [WASHINGTON] The US economy escaped a contraction in the second quarter, managing to creep ahead at its slowest pace in more than eight years, revised government data showed yesterday. Second-quarter gross domestic product
    Reuters,; Bloomberg,; AP; Source: US Commerce Department,Bloomberg  -  593 words
  • Article
    Lock icon Intel, Microsoft pull out the stops to boost PC sales
    862 1  -  Moving Windows XP, hardware will be a tough job in present economic climate From Jennifer Lien in Silicon Valley WITH the impending launch of the new operating system Windows XP into a global economic downturn, software giant Microsoft and microprocessor
    862 words
  • Article
    Lock icon DBS retrenches 160 in move to contain wage bill
    540 1  -  By] Loh Hui Yin [SINGAPORE] DBS Bank, which has been trying to contain its ballooning wage bill, has retrenched about 160 employees. The affected staff some of whom received their pink slips on Tuesday account for about 2 per cent of
    540 words
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      Lock icon Page 1 Advertisements Column 1
      95 1 PTSTOE Top Stortos Sing Tel dividend for Optus holders could total $80m. Pg 3 Sing Land bags anchor tenant at Unity Tower 2. Pg 5 1 *#>: jg o Z^m No need to loosen money policy: Bank Negara chief. Pg 13 Agarta Universe theme park may resurrect in Johor. Pg
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      20 1 JUM Gateway v Dell Contrasting PC fortunes Kenneth James. Pi; 22 Gateway restructures; closes S'pore office Reports. Pgs 8 22
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      22 1 US jobs hold the key to consumer outlook: official, Pg 17 50% of S 'pore households have net access: survey. Next Page
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      58 1 UOB-OUB I^bß integration J( ,> ..'> i' f P BVLGARI < <» 1 D|<\ |< I t 1 |< S. the li .7.ci' o brac v c t Sinu.ip j» i v* II ili n 11 c> Iv* I I.ik .i vfi ihi.i .i Do p.i i iinc it I
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  • NEXT page
    • Article, Illustration
      Lock icon Companies may be formed in a day if proposal accepted: sources
      488 2  -  Finance Minister Richard Hu on Tuesday highlighted several significant areas of company legislation and regulation that the government is now reviewing. Here's what some industry players think of the proposals Company law panel also reviewing statutory audits, capital-raising laws
      FILE PHOTO  -  488 words
    • Article
      Lock icon Legal, accounting firms may opt for limited liability
      562 2  -  Bnt decision would depend on legal framework details By\ Serena Ng [SINGAPORE] Several accounting and legal partnerships in Singapore are likely to opt for limited liability partnerships if they are allowed here, in line with their outfits in the UK and the
      562 words
    • Article
      Lock icon Minimal savings for small firms as cost of audit is low
      324 2  -  Cost of professional company secretary not high either By] David Boey [SINGAPORE] Allowing small firms to dispense with statutory audits and use nonprofessionals as company secretaries would achieve only minimal cost savings, accountants said yesterday. But while the savings
      324 words
    • Article, Illustration
      Lock icon 50% of S'pore households have Net access: survey
      320 2  -  IDA study also shows 60% PC penetration rate By i Chua Hui Min (SINGAPORE] Half of Singapore's households were hooked up to the Internet last year almost a sixfold increase from 1996 and three in five had at least one PC, according
      Source: IDA  -  320 words
    • ON THE grapevine
      • Article
        Lock icon Going cheap
        36 2 IT just had to happen. There is an online auction site in Malaysia that goes by the name of www.lelong.com.my. Lelong, in colloquial Malay, means cheap sale which is apt, considering current economic conditions.
        36 words
      • Article
        Lock icon Good for SingTel
        50 2 LAST week, BT ran an online poll which said: It's good news that Sing Tel has won approval to buy C&W Optus. This is how readers voted: Yes, it will help Sing Tel expand further: 56% No, it is a big mistake: 29% I don't care: 15%
        50 words
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      238 2 Coaches Wanted?) "Great teams all use coaches to build their success, correct their mistakes and devise winning strategies. At Business Thinking Systems we will empower you to apply this to the business world." John Hmtos CEO and Founder Business Thinking Systems Business Thinking Systems is an acclaimed planning and team
      238 words
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      1 2 IMM
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  • SINGAPORE companies
    • Article
      Lock icon Koh Beng Seng likely to head UOB-OUB integration
      408 3  -  ■SRxclusive Accenture, PwC said to be among cuiiiitflg hkHiig for consultancy By I Siow Li Sen UNITED Overseas Bank (UOB) deputy president Koh Beng Seng is likely to head the integration team in the merger with Overseas Union Bank (OUB), though UOB
      408 words
    • Article
      Lock icon SingTel dividend for Optus holders could total $80m
      398 3  -  Takeover offer will go unconditional today with C&W acceptance w Teh Hooi Ling SINGAPORE Telecommunications will have to fork out up to $80 million in dividends to Cable Wireless Optus shareholders as its offer for all of the latter's ordinary shares becomes
      398 words
    • Article
      Lock icon A bother to cash in on SingTel-Optus price gap?
      718 3  -  IiTT+KI lock siew r sivanithy ASKED why he hasn't tried to exploit the "arbitrage gap" that has persisted for several months between Singapore Telecom and Cable Wireless Optus shares, a local dealer said: "It's too troublesome." This statement is fairly representative
      718 words
    • Article, Illustration
      Lock icon SingLand bags anchor tenant at Unity Tower 2
      431 5  -  41 exclusive Its space at Shenton Way block said to be 40% let with lease by British CGU By Kalpana Rashiwala AFTER a false start, Singapore Land has finally clinched its first major tenant at Unity Tower 2 in Shenton Way. British
      FILE PHOTO  -  431 words
    • Article
      Lock icon SingLand sells Tampines office block for $ 136m
      386 5  - SingLand sells Tampines office block for 136m Buyer NTUC Income taking over for investment purpose Byl Kalpana Rashiwala SINGAPORE Land has sold Tampines Junction in Tampines Finance Park for $136 million or $840 psf of net lettable space to NTUC Income, which owns a neighbouring building, NTUC Income Tampines Point.
      386 words
    • Article
      Lock icon Amtek's net profit trebles to $7.23m
      329 5  -  S'pore operation largest contributor as turnover jumps 27% to $700 m By Rachel Ong THE economic downturn and political instability in the region have done little to dent metal stamper Amtek Engineering's full-year results. Yesterday, the company turned in a stellar set of results
      329 words
    • Article
      Lock icon Hong Leong, SingFin shares adjust to revamp
      375 6  -  Restructuring scheme takes effect on Saturday Byi Conrad Raj THE shares of Hong Leong Finance and its subsidiary, Singapore Finance, appeared to have taken a steep dive on the Singapore Exchange yesterday, but it was mainly due to the recent restructuring of the
      375 words
    • Article
      Lock icon Ho Wall aborts China toll road purchases
      283 6 Move follows failure to get SGX's nod for new share issue HO Wah Genting is abandoning its proposed toll road acquisition in China, after being twice rebuffed by the Singapore Exchange in its application to issue new shares to fund the purchase. In
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    • COMPANY Briefs
      • Article
        Lock icon Panpac raising $3.15m from placement
        82 6 PUBLISHER Panpac Media.com said yesterday it was looking to raise about 13.15 million from the placement of 20 million new shares at 16 cents apiece. This represents about 10 per cent of its issued and paid-up capital. Of the proceeds, $2.5 million will be used
        82 words
      • Article
        Lock icon Food Empire buys factory in Johor Baru
        85 6 SGX main board-listed Food Empire Holdings Limited, a manufacturer and exporter of instant beverages and food, said it recently purchased a factory in Johor Baru. The purchase, which cost RM1.65 million (*****,000), was made by its subsidiary FES Industries Sdn Bhd. The new
        85 words
      • Article
        Lock icon Semac returns $60m capital to parent
        112 6 Reuters SfcMoCUKr industries said yesterday tne paid-up capital of its waste collector unit Semac was cut by $60 million to $32.5 million as the firm was overcapitalised for its business objectives. The conglomerate said the money would be returned to Semac's parent, SembCorp Waste
        Reuters  -  112 words
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      327 4 Stocks Volume Sunlight W*****4 11,378,000 SingTel 15c 11,125,000 UniFood HK25C 10,446,000 Cyber Vill 5c 10,243,000 Parkway H 25c 8,599,000 PNE Ind 10c 6,783,000 *TanChongJnt50c 5,661,000 People s Food HGK 50c 4,490,000 TPVUSlC 4,330,000 NOL 4,131,000 Stocks S U06 43,151,040 DBS Grp 37,203,740 OUB 33,481,615 VentureMfg25c 26,881,568 SingTel 15c 21,154,672 Datacraft
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    • Article, Illustration
      Lock icon Market gropes far directum as woes look set to drag on
      599 4  -  I=ll comment STOCKS r. sivanithy IF there's one thing the local market needs, it's a decent compass to give it some direction. Problem is, such a pointer doesn't seem to be forthcoming. At least, not in the near future
      599 words
    • Article, Illustration
      Lock icon Time ripe for SGX covered call
      175 4  -  WARRANT WATCH By] R Sivanithy IF there's any stock crying out for a covered call to be issued on it, it's the Singapore Exchange. The accompanying price graph illustrates this quite nicely the counter costs $1.03 now, just off its all-time low of 99
      175 words
    • Article, Illustration
      Lock icon Venture Mfg: not all doom and gloom
      222 4  -  HOT STOCK By- Ven Sreenivasan VENTURE Manufacturing has failed to take off after its recent announcement of strong interim earnings. The counter closed 30 cents down at $11.60 yesterday on a volume of 2.3 million. This column noted recently that the technical readings
      222 words
    • Article
      Lock icon Surprise US' Q2 growth boosts greenback
      780 4 US$ recovers against euro, yen in early NY trading as stronger-than-expected growth sparks optimism Bloomberg, AFP [NEW YORK] The US dollar rose agfinst the euro and pared losses against the yen in early New York trade after Washington said the US economy unexpectedly grew
      Bloomberg,; AFP  -  780 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2977 4 UNIT TRUSTS FUNDS Aa«r4nn tan Mft Asia Ltd Aberdeen Select Portfolio: ChinaOpportunitiesFdl** 0.869 0.913 Global MNCFd 0.662 0.696 Global Technology Fdl** 0.523 0.550 UK Blue Chip Ml" 0.710 0.747 American Opport Fd 0.754 0.793 Cont Euro Eqty Fdl** 0.97S 1.028 Japan Eqty Fdl** 1.034 1.086 Asian Fixed Income Fd 1.097
    2,977 words
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  • Page 5 Advertisements
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      268 5 Budget. through this hard times. Our monthly rental starts $950 Proton Wira 1.5 (M) 960 Mazda 323 14(A) $1190 Skoda Octavia (Maw) I.# (A) fmO Mitsubishi Lancar (Naw) 1.6 (A) SIMO Honda Acewi 24(A) $17*0 Packagc mclutes tuM car ramal tarvtca. unMM iniiagi. kasac nauranca. road tax. sarvfcmfl, raplacamant car.
      268 words
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      1823 6 BANCA Dl ROMA ilif (INCORPORATED IN ITALY WITH LIMITED LIABILITY) CONSOLIDATED BALANCE SNEET (IN MILLIONS LIRE) 10. Cash and balances with central banks and post offices 1,302.940 892.259 20. Treasury securities and other securities eligible tor refinancing with central banks 11,069,872 20.789.812 30. Loans to banks: 32.253.015 35.833.933 a) repayable
      1,823 words
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      Lock icon Page 6 Advertisements Column 2
      386 6 Ejftina Financial J I I __J W I.U. fff I .tin no in AfiJn mractory of Local ana horetgn tmanctai irmmmons m unma gifii R ftWKWI Who noada this directory: 2 r V.| F '^^EPI '^ffissax" -^"''*PBgM M I m iLTiL——XL. '1 <H B itwejg .^^.ZgfT. a I; jilli 1*:
      386 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      433 7 Fujitsu Intel® Server PRIMERGY Multi-purpose Net-Appliance Platforms Net-Application Engines primergy TSI2S PRIMERGY 8125 way server 1 way server Mel® Pentium® 111 Processor 933MHz/IGHz Intel® Pentium® 111 Processor 933 MHz Celeron 766 MHz 128MB/4GB 128MB/1.5G8 2 x 9/18/36G8 SCSI M *4 x 9/18/36G8 SCSI 2 x 40GB IDE HDD flflNy AHHBBBjjHj
      433 words
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  • SINGAPORE news
    • Article
      Lock icon S'pore GDP to fall 1.2% in 2001: EIU
      377 8  -  on the economy outlook By< Anna Teo THE Economist Intelligence Unit (EIU) now expects a 1.2 per cent contraction of the Singapore economy in 2001, which puts its forecast near, if not at, the bottom of the range of market estimates. And
      377 words
    • Article, Illustration
      Lock icon Medisave interest rate goes up to 4% from Oct
      306 8  -  Possibility also of Ordinary Account fond transfer to Medisave subject to cap By, Andrea Tan HEALTH Minister Lim Hng Kiang said yesterday interest rates on the Medisave account would be raised to that of the Special Account from Oct 1. The
      FILE PHOTO  -  306 words
    • Article
      Lock icon Gateway to close Singapore office, Malacca plant
      384 8  -  Part of global revamp, the move will affect over 400 Byi Chen Huifen PERSONAL computer manufacturer Gateway Inc announced yesterday the shutdown of its Singapore office as part of its global reorganisation. Gateway will also close its manufacturing facility in Malacca. The Singapore
      384 words
    • Article
      Lock icon Mobile incumbents win new lots of 2G spectrum rights
      298 8 They were a warded 2 lots each at $120,000 per lot THE! three existing mobile telecoms operators in Singapore have been provisionally awarded two additional lots of second generation spectrum rights each to expand their existing network capacity. The spectrum rights
      298 words
    • Article, Illustration
      Lock icon SMEs, big firms should team up to tap China
      653 8  -  BG Ye* This will give SMEs more negotiating power From Eugene Low in Xian, Shaanxi SMALLER Singapore companies looking to operate in China might find it helpful to form a consortium and work with larger Singapore corporations or government-linked companies to
      653 words
    • Article
      Lock icon SLA begins title conversion exercise for 3,000 flats
      246 8 Conversion to 'new 9 system free; tenure of title ntif.hangiiH THE Singapore Land Authority (SLA) is converting the land and leasehold titles of all flats under the Registration of Deeds Act to a "new" system provided for by the Land Titles (Strata)
      246 words
    • Article
      Lock icon REALIS will be affordable: URA
      460 8  -  MAILIST^I Ang Hwee Suan (Ms) Head, Public Relations for Chief Executive Officer Urban Redevelopment Authority WE refer to the letter "URA portal: will the fees be high?" by Corine Lee (Mailbag, Aug 27). We thank Ms Lee for her letter. She referred to a BT
      460 words
    • Article
      Lock icon Timing makes the difference
      265 8  -  Leong Sze Hian Singapore I REFER to your editorial "Insurance versus investment" (BT, Aug 28) and the article by Genevieve Cua "Coverage for the right reasons" (BT, Aug 22) particularly on the merits of "buy term insurance and invest the difference" referred in the two pieces.
      265 words
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      145 8 Regional Taxation MALAYSIA, INDONESIA, THAILAND AND VIETNAM VENUE HOTEL INTER-CONTINENTAL SINGAPORE DATE 12 SEPTEMBER 2001, WEDNESDAY TIME 9.00 A.M. 5.00 P.M. The importance of tax cannot be over-emphasised. With rapid globalisation, few businesses today stay within fixed geographical boundaries. In fact crossborder transactions are more rampant than ever. Hence, businesses
      145 words
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      Lock icon Page 8 Advertisements Column 2
      12 8 Gateway to focus on services, BizlTPg 1 Contrasting PC fortunes, BizlTPg 1
      12 words
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  • BIZ woman
    • Article, Illustration
      Lock icon Going Dutch? How archaic
      754 9  -  It doesn't matter if the woman makes as much money as the man. She expects him to pay on their dates, says MAUREEN dowd MAUREEN DOWD NYT [WASHINGTON] Dating these days involves a lot more pre pa ration than spraying, glossing and gargling. A thoroughly modern
      NYT  -  754 words
  • Page 9 Advertisements
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      405 9 I For over 20 yean, our qualified professionals have been I I assisting clients to venture offshore with confidence by I I providing consultancy services on offshore structures, I I shelf companies and incorporations in ALL jurisdictions I I including I British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa
      405 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      191 9 CRYPTIC CROSSWORD ACROSS 3 Chrysolite as a dowry for the lit--9 Gharmian'cT)' 10 5 State learning means a great 11 Yousee! but you do not Sher- 7 FofenxSS'Liy H W U U WM lock Holmes told his sidekick (7) 8 dissenter re- Hft__JHL_ 14 ttStlSbcSl is for rais- 1 g
      191 words
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  • EXECUTIVE Suite
    • Article
      Lock icon Colliers' new MD gears up for challenges
      872 10  -  Dennis Yeo is restructuring the firm and trying to build team spirit Reports by Kalpana Rashiwala DENNIS Yeo's first reaction when Colliers Jardine Group's CEO Jonathan Petit recently offered him the managing director's job of the Singapore office was: "Don't you have another
      872 words
    • Article, Illustration
      Lock icon Rivalry? What rivalry?
      412 10 DENNIS Yeo and David Ng say the perceived rivalry between the two heavyweights at Colliers Jardine's Singapore office is just that market perception. Says Mr Yeo: "Some people in the industry think that David and I were at each other's throats trying to climb to the MD's
      CHRIS LOH  -  412 words
  • Page 10 Advertisements
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      135 10 mm- "J"! —~JT—^ „MPI" 4^. v 1 Which is why you'fffaff in Cove with TftECs W 1200 WtfSl Cumens high-brightness projections 4901. IHkd ZT*" 3 > v l|b. I J Whether you're courting a single cCient or a larger audience, the 9&C Iffiss 2-lfy microportaßCejmfjtctor MBak is a sure winner.
      135 words
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      Lock icon Page 10 Advertisements Column 2
      95 10 M M I I Py JwEp PP* *9£s m Mlleroy&Boch s ce 1748 Where style and taste become the norm, a little GEA the bathroom heaven laviBh luxury makes a 9 reat difference Since 8 Pandan Crescent (Off West Coast Highway) 1748, Villeroy Boch have been beautifying #04-06 UE Tech
      95 words
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  • PROPERTY news
    • Article
      Lock icon Interesting picks at the coming auctions
      503 11  -  A fortnightly column on property (motions Bi Andrea Tan THE Hungry Ghost Month is in full swing and for most tradition-bound Chinese, buying a home at this time is strictly out of the question. But for those who think nothing of the superstition, coming
      503 words
    • Article
      Lock icon New homes for sale
      490 11 DEVELOPER/ OWNER DISTRICT LOCATION SIZE TOTAL UNITS NO.OF PRICE TENURE <SQ(t) LAUNCHED UNITS SOLD ($paf) Pare Regency Wah Khiaw Devt 5 Pasir Panjang Rd 1,335-1,690 20 19 630 FH Abode at Devonshire TTHDevt 9 Devonshire Rd 1,012-2,756 26 4 1,288 FH Holt Residences Centrepoint Prop 10
      490 words
    • Article, Illustration
      Lock icon User costs: key to steady housing sector
      828 11  -  Monitoring this indicator of future housing market conditions may curb overheating Byt Tu Yong The writer is from the Department of Real Estate, National University of Singapore THE Singapore private housing market has experienced a complete property cycle in the *****. The real
      FILE PHOTO; Source: NUS  -  828 words
  • Page 11 Advertisements
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      86 11 Within minutes of the best in Singapore Newton MRT station Orchard Road shopping belt and Raffles Place financial centre Prestigious schools like ACS (Barker Road), Anglo-Chinese Junior School, Raffles Giris' Secondary School, Singapore Chinese Giris' School and St Joseph's Institution Exclusive clubs likeTanglin Club, Pinetree Club and American Club 1998
      86 words
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      Lock icon Page 11 Advertisements Column 2
      115 11 Buy It. SeUlt Jfll Find It JURONG LOGISTICS HUB New Ultra-Modern DRTVE-UP Warehouse for Lease Doorstep vehicular access Large floor plate up to 7,200 sqm (75,000 sq. ft.) x 2 Strategic location at Jalan Buroh and Jurong Port Road junction Minutes away from Jurong Port, PSA Gateway, AYE/PIE Ramp accommodates
      115 words
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      Lock icon Page 11 Advertisements Column 3
      62 11 SUNTEC OFFICE SPACE FOR SALE Approx. 3,500 sq ft Private treaty Lift lobby frontage Selling with tenancy Tel: 224 8181 THE C6NCQIRSE iiuca imv 807 to 4,134 sqft, 13,000 sqft (column free subdivisible) 13,972 at 17,373 sqft (two consecutive floors) Outside CBD/Free Shuttle Bus Service to MKT Panoramic city/sea view
      62 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Khrushchev's lessons for China today
      772 12  -  ■FiTTR bottom line OPINION frank ching Frank Ching is a Hong Kong-based freelance writer THE American movie about the epic battle of Stalingrad in World War n, Enemy At The Gates, is playing in China What makes this film different from other war movies is
      772 words
    • Article
      Lock icon IN OTHER WORDS
      93 12 'All the reasons to prevent a failure are really hokum. But no one wants to take the chance.' -ADjuiHetaGer who served as chairman of the IMF reform committee, on the Fund's latest bailout of Argentina. The only thing Argentina has done is bought itself some time.' -IuTMfMS
      93 words
    • Article
      Lock icon Indonesia's third — and best — chance
      650 12 Indonesia's third and best chance EDITORIAL THE third letter of intent that the government of Indonesia signed with the International Monetary Fund (IMF) earlier this week presents a window of opportunity for Jakarta to put its long-suffering economy back on track Although it's still early days, there are reasons to
      650 words
    • Article, Illustration
      Lock icon Time for a new era of Indon labour relations
      1047 12  -  There are no winners if businesses are stopped because of strikes or closed because of high labour costs By, James Castle The writer, of the Castle Group, chairs the American Chamber of Commerce in Jakarta REFORMASI offers an opportunity for a
      AFP  -  1,047 words
    • Article
      Lock icon Japan's next fad:Koizumi bonds?
      948 12  -  COMMENTARY William Pesek The writer is a columnist for Bloomberg News. The opinions expressed arehisown. Bloomberg [TOKYO] Japan's economy is uniquely fad-driven. Every now and then, a new pocketbook, toy or electronic gadget that everyone must have emerges. Economic officials here are hoping this dynamic helps
      Bloomberg  -  948 words
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  • REGIONAL news
    • Article
      Lock icon Move to revive Agarta Universe Johor project
      480 13  -  I-it exclusive Developer of theme park, C&pit&L&nd associate said to be in land lease talks From. Eddie Toh in Kuala Lumpur AN international consortium, which counts former United Nations secretarygeneral Javier Perez de Cuellar as one of its owners, is set to revive
      480 words
    • Article
      Lock icon Renong posts RM331.9m loss
      395 13  -  Froml Diana Oon Abdullah in Kuala Lumpur RENONG Berhad yesterday announced a RM331.9 million (*****.8 million) loss for its financial year ended June 2001, mainly from equity accounting losses made by subsidiary Time Engineering after the expiry of the latter's statutory creditor protection in January this
      395 words
    • Article, Illustration
      Lock icon No need to loosen money policy: Bank Negara chief
      421 13 KUALA LUMPUR Reuters MALAYSIA does not need to loosen monetary policy for now as bank lending remains strong despite an economic slowdown and fiscal measures can provide any needed spark, the central bank chief said yesterday. "Not at this moment," Bank
      Reuters; FILE PHOTO  -  421 words
    • Article
      Lock icon Sime Darby profits down 20%
      470 13  -  Earnings full to RM6l7m on lower palm oil revenues From, Diana Oom Abdullah tn Kuala Lumpur MALAYSIAN conglomerate Sime Darby posted a 20-per-cent decline in earnings to RM6I7 million (*****.8 million) or 26.2 sen per share compared with RM769.5 million or 33.1 sen per share
      470 words
    • Article
      Lock icon Wanted: stable owners for BCA
      409 14 JAKARTA Re-tender to prevent Bank Central Asia from falling into hands of weak firms Reuters, Bloomberg INDONESIA indicated yesterday that the re-tender of a strategic stake in Bank Central Asia (BCA) was aimed at preventing the country's largest retail bank from falling into the hands
      Reuters,; Bloomberg  -  409 words
    • Article
      Lock icon Motorola to retrench employees in its Malaysian units, says report
      311 14 KUALA LUMPUR AFX MOTOROLA Inc intends to retrench workers at its Malaysian units as part of a global plan to cut up to 4,000 jobs, Malaysia's Business Times quoted company executives as saying. The sources said the layoffs will be
      AFX  -  311 words
    • Article
      Lock icon Drug funds laundered on Thai bourse
      293 14 BANGKOK Police nab five Thai suspects, say at least 70m baht laundered AP POLICE said yesterday they have cracked an illegal drug ring that laundered at least 70 million baht (SS2.B million) on the Stock Exchange of Thailand. Five Thai suspects were arrested and
      AP  -  293 words
    • LATE Briefs
      • Article
        Lock icon RHB Capital profit falls 33%
        81 14 Reuters [KUALA LUMPUR] Malaysia's third-largest banking group RHB Capital yesterday reported a 33 per cent drop in full-year earnings, hit by poor sales at its stockbroking units and higher bad loan provisions at its banking arms. Full-year net profit fell to RM262 million (SI 120.7
        Reuters  -  81 words
      • Article
        Lock icon Wheelock on its property units
        77 14 Dow Jones Newswires [HONG KONG] Wheelock Co chairman Gonzaga Li has denied that the company plans to take its property units private, the South China Morning Post reported. Wheelock has been scaling back its property development activities in Hong Kong and aokl its last residential
        Dow Jones Newswires  -  77 words
      • Article
        Lock icon Indocement books 901.6b rupiah H1 loss
        62 14 Reuters [JAKARTA] Indonesian cement maker PT Indocement Tunggal Prakarsa said yesterday that it has booked a 901.6 billion rupiah (Ssl 71.3 million) net loss in the first half against a 743 billion rupiah loss in the same period last year Indocement said the higher
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        Lock icon Bharti plans 9.5b rupee share offer
        37 14 AFP [NEW DELHI] India's largest private telecommunications firm Bharti group yesterday said it will seek regulatory approval in September for a public share offer worth 9.5 billion rupees (*****.5 million). —AFP
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      • Article
        Lock icon Decision on Tan Chong dispute
        100 14 Dow Jones Newswires [KUALA LUMPUR] The feuding factions in the court battle for control of Malaysia's Tan Chong group will know on Sept 26 whether a Malaysian High Court will throw out the dispute or proceed to hear it, according to a report in The
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      Lock icon Thailand sinks into technical recession: economists
      623 15 BANGKOK But slump should be less severe than elsewhere in Asia as Bangkok is less dependent on high-tech exports Reuters THAILAND probably slipped into technical recession in the second quarter this year as its economy reeled from the global trade slump, economists say, but
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      Lock icon GIC, Thai govt to discuss investment fund today
      317 15 Bloomberg AFX [BANGKOK] The Government of Singapore Investment Corp (GIC) will today discuss with the Thai government plans for a fund to invest in Thai stocks. The Singapore investment manager is seeking more details of the proposed fund after the Thai government
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      Lock icon Chen rapped for failing to address unification issue
      244 15 BEIJING AP AFP IN China's first response to Taiwan's decision to expand commercial ties with the mainland, a state newspaper yesterday criticised the move for failing to address the question of a political unification of the two sides. The China Daily said
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      Lock icon China to ease labour movement curbs to help unemployed
      315 15 BEIJING Reuters CHINA will start to scrap some policies limiting the movement of labour from Oct 1 as the government tries to find jobs for tens of millions of rural workers, state media said yesterday. China would begin reforms to a
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      Lock icon India may have 2 time zones
      126 15 Reuters [CALCUTTA) India is exploring the possibility of dividing the country into two different time zones, a government official said yesterday. Currently, there is just one standard time for the entire country, based on the local time in the city of Allah- a bad.
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  • FINANCE
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      Lock icon Futures end off lows on short-covering
      310 13  -  ST lndex/MS& STpore Index: C K Lau Refco Singapore SINGAPORE shares extended their losses yesterday following the surprise fall in US consumer confidence to a four-month low. The benchmark Straits Times Index settled at 1,634.83 points a loss of 5.82 points, or 0.35 per
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      Lock icon September contract surges 3.84%
      236 13  -  MSCI Taiwan Index Daniel Wong Refco Singapore TAIWAN stocks surged yesterday after the government approved a proposal to halve the island's land incremental tax for two years. The MSCI Taiwan Stock Index rose 6.81 points, or 3.34 per cent, to close at 210.48, with the turnover
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      Lock icon CURRENCY REPORT
      222 13 Reuters TffiUS dollar fell half a per cent to hit one-week lows against the yen yesterday as markets lost their nerve ahead of key US growth data. Second quarter US gross domestic product data, due at 1230 GMT, are forecast to be revised to show flat annualised growth
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      Lock icon Untitled
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      1,165 words
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      44 13 )jaaaa p V i«iiiiaiiii i.Wi mii c m- IPO. Shares. Bonds. Stocks. Annual Reports. Whatever you're offering, we help you reach out to 86.7% of all adults in Singapore daily. The Straits Times The Business Times Lianhe Zaobao Berita Harian Tamil Murasu 1000-74HM3 i
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    Lock icon COMMODITIES
    1823 14 8IC0M FUTURES Aug 29 RtlMCR (Mns ctasmq «s at 5J0|«) RSS1 CONTRACTS centsAfl) Close VotaM Open Wwitt Hiqft Low Sett (ton—s) Interest Sep 01 102.50 Oct 01 104.50 Nov 01 105.50 DccOt 106J0 RSS 3 CONTRACT (US cents/kQ) VolMM Open MooMi Higfc Low Sett (toiww) Interest Sep 01 57.00
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      940 14 innMl CaU toll-free 1800 *****83 IN THE MATTER OF THE COMPANIES ACT, CAP. 51 AND HO HOCK SWEE SONS INVESTMENT COMPANY (PRIVATE) LIMITED (la Members' Voluntary YMndlag U»> Al aa Extraordiaarv General Mcftlif of the Conapnny held at IS Reach Road, #03-10 Reach Ceatre, Sfanwon 1W677 oa the 27th day
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    Lock icon STOCKS asia
    7218 15 HONG KONG VeI »m» hk$ rooo) AcrossAsia Multimedia 1.33 -0.07 0 Alpru General 0.03 unch 2380 AmoyProp 8.60 unclt 2521 AnendaWingOn 0.09 -0.01 ***** Angara New Steel H 0.77 -0.03 ***** Anhui Conch H L67 -0.03 1219 Anhul bpnMMy M 1.29 0.01 1128 Arcontech Corp 110 0.02 1224
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      784 15 S B Raiffeisen Zentralbank W%tU& Osterreich AG (RZB Group) Austria (Incorporated in Austria) Consolidated Balance Sheet Consolidated Profit and Loss Account of tfw RZB Group of the RZB Group a% of yeor-end 2000 compared wrth yeor-eod 1999 from 1 January through 31 December 2000 compared wrth (he same period of
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  • WORLD news
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      Lock icon Japan mulls modest but creative extra Budget
      390 16 Focus expected to be on labour market's record jobless rate Reuters [TOKYO] Caught between a deteriorating economy and worries the government might ditch its fiscal discipline drive, Japanese policymakers yesterday mulled an extra Budget that might be modest in size but more creative.
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    • Article
      Lock icon Nikkei index hits 17-year low
      374 16 Expected delay in reducing bad loans drags down bank stocks Reuters, AFP, Bloomberg, Dow Jones [TOKYO] Tokyo's key Nikkei average marked a 17-year closing low yesterday after bearish comments on banks' bad loans from the nation's top financial regulator prompted investors to sell bank stocks.
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      Lock icon US jobs hold key to consumer outlook: official
      577 17 NEW YORK Conference Board director says tax rebates have had little impact on confidence Reuters A SPIKE in US unemployment could hurt consumer spending in the months ahead and put the economy at risk of a prolonged slowdown, the director of a
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    • LATE Briefs
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        Lock icon IMF cuts global growth forecast
        120 17 AFP [ROME] The International Monetary Fund has lowered its forecast for global economic growth, according to Italian press agency Ansa, quoting a leaked draft version of the IMFs World Economic Outlook to be released in September. In the 12-nation eurozone, the IMF does not expect
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        Lock icon CA shareholders reject Wyly's bid
        51 17 Bloomberg [ISLANDLA, New York] Computer Associates International Inc shareholders rejected a bid by Dallas billionaire Sam Wyly to place four of his associates on the software maker's 10-member board. All 10 incumbent directors nominated by management were elected, the company said in a statment yesterday.
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        Lock icon Merrill to pay IRS to settle dispute
        45 17 Bloomberg [WASHINGTON] Merrill Lynch Co agreed to make a "substantial payment" to settle a dispute with the Internal Revenue Service over a corporate tax shelter the firm promoted in 1969 and 1990, the US tax agency said. Bloomberg
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        Lock icon Ford cuts top managers' bonuses
        54 17 AP [DEARBORN, Michigan] Ford Motor Co has eliminated bonuses for its top 6,000 executives and managers this year. An email message was sent to top managers from David Murphy, Ford's vice president in charge of human resources, The Detroit News reported yesterday. Ford officials confirmed
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    • Article
      Lock icon Weaker US$ harmful, says Fed study
      291 17 WASHINGTON Reuters EASING monetary policy for the express purpose of deflating the mighty US dollar would backfire on the manufacturers who have been pressing for the Federal Reserve to do just that, according to a recent Fed study. In a recently released commentary by
      Reuters  -  291 words
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      Lock icon Telstra reports 4.6% rise in profit from operations
      511 17 MELBOURNE A Company paying the price for investments daring Internet boom Bloomberg TELSTRA Corp, Australia's largest company by market value, said full-year profit from operations rose just 4.6 per cent and chief executive Ziggy Switkowski warned that sales growth will slow as
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      Lock icon Credit Suisse Group plans another round of cost cuts
      397 17 ZURICH Move follows drop in Q2 profits by 23% to 1.3b Swiss francs Reuters CREDIT Suisse Group, owner of Switzerland's second-larg-est bank, said yesterday it planned a further round of cost-cutting at its investment bank CSFB as it posted a 23
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    • Article
      Lock icon Nasdaq's once-mighty tech firms face delisting
      438 19 NEW YORK For a start, firms like Exodus may be booted from Nasdaq 100 index SOME of the tech-stock world's biggest companies have fallen so far that a few are at risk of being the first ever booted from the much-watched Nasdaq 100 index,
      438 words
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      461 16 Where to wine, dine and entertain International" Definitely the first card in the world 290 4545^ For lunch, you can enjoy our ever popular Japanese culinary flavour while for dinner, you can tuck in to a sumptuous selection of Japanese, Asian and Western dishes, from sashimi to shark's fin soup
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      52 16 ■j Fresh oysters, ddcctabk i I lobsters, savoury honey-giazed r ham, ILS Prime Rib of B- Beef and many more mouth- watering dishes to leave you spoilt for choice. I LuiKfr 12 nooo 2.30pm Dinner 6.30pm 10.00pm Raervatkmi: 831-6271/88 yy 133 Octurd Raid. Smgjpore 23M67 Sffi .r-'ffw 737 4411 f«
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    Lock icon SGX clob
    2429 17 BONDS A WARRANTS Aug 29 m mi fW up tn U-M Lai 8t| MM M Cm tut (Ik M m* um <*m—r m» «ar- nw u» n* w mum m» m> ogNt l* 39.5 26 ASTI******1 28 -0.5 20 28.5 28 28 28.5 28 26.4 t 16 5
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      91 18 TrSf -11 MmiTi ~h liii A iHßltT—ttHMMtftfll Jl a ii I fi *jUi ia^ f, TMgw#Fi T ifi V f•* I 11 ilMfifTi^ii iMßwrnlTniTiilfcili'i liitM 1111 11 1 t <Oj| J T"*? 1.% B S >- g<■ pSaMHgK I *||g f Wrn *13 K 'j. K 1" 1 AV/V/A communication
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    Lock icon STOCKS sgx
    7376 19 SGXMAIHBOARD S2«* urn «M tar L«tO-o« 0* iS MM *5 Mil law 4 w u» Bayer Seiar Cw P* MULTI-INDUSTRY 143 BS cAcmaSOc 37 *05 20 17 36 35.5 37 05 19.9 0.7 9.7 642 36 41 8 c Alliance Tech 9.5 J 61.5 6 s As«Food»Prop 75
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      60 20 H Roam/nfo) OVERSEAS UNION BANK Attracts Roamers to Partners ft Sprint. Sprint PCS* SPEJMUffO. S J The best companies run Oracle 9/ Application Server. www.oracle.com Copyright ©2001 Oracle Corporation All rights reserved Oracle is a registered trademark, and Software Powers the Internet is a trademark or registered trademark of Oracle
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      72 20 Since 1975 our worldwide staff of over 275 multi-disciplined professionals t W including lawyers chartered accountants IV. k V chartered secretaries and bankers have K i provided confidential and cost effective company formation in all the major low tan areas including Incorporation Fees from USSSOO The world's leading Florence Nathan
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  • BIZIT
    • Article, Illustration
      Lock icon Slowing PC growth drags down printer sales
      649 20  -  lidexclusive Singapore saw 148,123 printers worth USs44.2m sold in HI this year. That was down 7% in unit terms, and 12% in value compared to HI last year, reports rajucbellam RAJU CHELLAM THE slowdown in personal computer sales coupled with a drop in
      Source: Gartner Inc  -  649 words
    • Article
      Lock icon NCS wins SingTel's MHS deal
      434 20  -  Digital Centrix, a division of NCS, will be the storage service provider on a subcontract basis for the Asia-Pacific Tang Weng Fai SINGAPORE Telecommunications will subcontract National Computer Systems (NCS) to provide services for the first phase of SingTel's recently announced data centre rollout for
      434 words
    • Article
      Lock icon TrustAsia sets up Asian hub in Singapore
      284 20  -  Its Genting Lane facility opens officially next month By Chua Hui Min E-COMMERCE security company, Trust Asia Pte Ltd, has invested $4 million in a 12,000 sq ft service hub here to provide authentication and payment services to banks and online merchants in
      284 words
    • Article
      Lock icon NYSE shifting key ops to IBM, Linux platform
      401 21 Move a sign that Linux is now an industrial-scale operating system FT [SAN FRANCISCO] Computer giant IBM on Tuesday announced that crucial parts of the New York Stock Exchange's (NYSE) computer operations were being transferred from Sun servers to IBM mainframes running
      FT  -  401 words
    • Article, Illustration
      Lock icon Hynix fails to pay 400b won in bonds
      322 21 Creditors are currently working on a rescue plan FT [SEOUL] Hynix Semiconductor failed to pay 400 billion won (***** million) in bonds that matured on Monday, in an attempt to accelerate approval of a rescue plan for the world's third-largest memory chip
      FT; AFP  -  322 words
    • Article
      Lock icon E-commerce hit by cybercrime fears
      237 21 AFP [LONDON] Cybercrime is discouraging firms from doing business on the Internet, with two-thirds of British businesses suffering a serious breach of IT security in the past year, according to a survey published yesterday. A survey of 150 firms showed just 32 per cent felt
      AFP  -  237 words
    • Article
      Lock icon Online music sales unlikely to catch on: survey
      289 21 Record labels most cooperate to entice consumers analyst Reuters [LOS ANGELES] Consumers have not accepted purchasing and downloading music via the Web and are not likely to change with the new services being developed by the recording industry, according to a survey
      Reuters  -  289 words
    • Article
      Lock icon MIT sues Sony unit for alleged patent violation
      159 21 AFP (TOKYO] An American unit of Sony Corp has been sued by the Massachusetts Institute of Technology (MIT) for alleged infringement of patents on digital television technology, a company spokesman said here yesterday. "I can tell you that it's true the suit
      AFP  -  159 words
    • Article
      Lock icon Detention won't help teen hacker: parents
      200 21 AP [MONTREAL] A 17-year-old computer hacker who paralysed several major websites, including CNN and Yahoo's, needs structure but should be spared further detention, his parents said at a hearing on Tuesday. The Montreal teen known only by his computer nickname, Mafiaboy, because of his
      AP  -  200 words
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      Lock icon Contrasting PC fortunes
      859 22  -  I :j t comment TECHNOLOGY Gateway lost its way in Asia; but watch Dell grow for now kenneth james The writer is BT's Technology Editor PERSONAL computer major Gateway Inc has pulled out of Asia. But don't blame the cow. When Ted Waitt founded Gateway 16 years
      859 words
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      Lock icon Gateway restructures to focus on services
      571 22  -  The USs47sm exercise should eventually result in annnal savings of abont USs3oom By I Paul Chan EARLY this week, San Diego, California-based Gateway Inc announced that it will be laying off up to 4,600 employees or 25 per cent of its workforce as it
      Source: Bloomberg  -  571 words
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      475 21 gmnmrmtton business BW>i V/irfW jumb ■Kl Km /i" w m M f«1 WMb *T Bpljjx With deals like these from IBM, who says j business is about making compromises Now the solution your office needs is even easier to set up and configure. 77ie IBM (e> server xSeries 200, xSenes
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      325 22 fljf Sun and Hitachi announce a new concept in storage: Choice. In the past, there was only one way to go: Expensive. Monolithic. time, with service and software costs that match your usage. Closed. But now Sun and Hitachi are bringing choice, control and HI IRMHHI affordability t0 the world
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      284 23 Reuters THE Baltic Dry Index (BDI) fell six points to 955, the Baltic Panamax Index (BPI) gained one point to 997, the Baltic Handymax Index (BHI) lost 10 points to 7,736 and the Baltic Capes ize Index (BCI) was down 18 points to 1,007. TEME-CHABTER: ♦Toscanini (built 1997)
      Reuters  -  284 words
    • Article
      Lock icon MARITIME STOCKS
      281 23 m ooo tmtt w CWTOhtrUKXKxi 0.56 004 71 Chuan Hup 0.32 unch 582 Caaco wniuwin— -0.01 2ss Fratafit UnM 0.07 unch S "'"-ll "«> unch 10 MCHoMngt-HK S60 unch 0 JayaHoMn* 0.15 inch 0 KappatCorp 3 JO unch 593 Kappal FELS 1.52 unch 0 Kappat Marina— 0 t9
      281 words
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      Lock icon Tough times will affect full-year results: Moller
      546 23  -  Profit of group's Danish shipping activities down in first half By Beth Jinks [SINGAPORE] Maersk Sealand's parent company A P Moller yesterday warned that "much more unfavourable conditions for the container services and for the large crude carriers" would drag down its full-year
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    • Article
      Lock icon Empty tankers collide in Malacca Straits, injuring nine
      202 23 Twenty crew from Panamanian registered vessel evacuated AP [KUALA LUMPUR] Two empty oil tankers collided early on Wednesday along the busy Straits of Malacca, injuring nine people, a Malaysian official said. All 20 crew members aboard the Panamanian-reg-istered Silver Sea were evacuated
      AP  -  202 words
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      Lock icon Germany to come under focus at maritime show
      383 23  -  By Beth Jinks {SINGAPORE] While Singapore is preparing to host the who's who of the international shipping and logistics industries at the Asia Pacific Maritime (APM) show, it is German industry players who will take centrestage throughout next week's event. As the
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    • Article
      Lock icon Ships return to Colombo port as lines surcharges
      325 23  -  By Donald Urquhart [SINGAPORE] With London underwriters relenting on their astronomical war risk insurance premiums, container shipping conferences have begun lowering their war risk surcharges and lines are returning to the Colombo port. The 17-member India Pakistan Bangladesh Ceylon Conference representing lines
      325 words
    • GERMAN shipping
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        Lock icon Staying ahead with high-tech, niche markets
        863 24  -  Germany's shipping industry is booming despite increasing competition and loss of govt subsidies, reports bets jinks BETH JINKS [SINGAPORE] GERMANY'S ship building and maritime industries may be smaller today than history reflects, but finding niche markets and focusing on technology has kept the country
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    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      166 24 PAGE Appwj»m 5 Assets 5 BSA 7 B'tmglUs 6 COM 7 CMACGM 3 COSCO 3 Cotony Log S i Central Ei 6 Chun Shpq 5 9 Couqar 7 CWTGIobeMt 7 Drtmas 4 DpkUoyd 6 DongnwiM 3 ECl 4 ECU Line 5/6/7 Evergreen 6 FoongSun 5 Fuhai 7
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      Lock icon SHIPPING GUIDE
      5473 30 THEBUSINESSTIMES Pages EXPORT THURSDAY, AUGUST 30. 2001 ETA ETA Advertiser VkmI Voyage Telephone SIN Dest'n Hut Nam* Number Number ■■MMtMnCaMaMMBHHBHHBHBMnilMR To ABIDJAN (ABJ) 2003 Cot* D'lvoJre 10/09 13/10 Detmas HYUNDAI FREEDOM TOW 65-*****44 10/09 16/* Kien Hung HARMONY CONTAINER HR104S 65-*****33 12/09 24/10 COSCO HUMEN BRIDGE 0021W 65-*****00
      5,473 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Air NZ delays results ahead of decision on SIA stake
        589 31  -  Nine-day delay for company to deal with outcome of impending govt decision By] Beth Jinks [SINGAPORE] The Air New Zealand (Air NZ) board will delay its planned release of full-year financial results for nine days to allow time to consider
        FILE PHOTO  -  589 words
      • Article, Illustration
        Lock icon Decision on Concorde airworthiness delayed
        464 31 French, UK regulators need more time to analyse data Reuters [PAßlS] French and British air regulators on Tuesday said that they need more time to analyse information from the manufacturers of Concorde before allowing the supersonic airliner to resume commercial flights. A decision to declare
        Reuters; AFP  -  464 words
      • Article
        Lock icon China Eastern to seal China Cargo deal next month
        138 31 Dow Jones [HONG KONG] China Eastern Airlines Corp (CEA) said yesterday that it expects to sign a deal in September to sell Taiwanese carrier China Airlines a stake in China Cargo. The move would dilute China Eastern's stake to 55 per
        Dow Jones  -  138 words
      • Article, Illustration
        Lock icon Virgin Express sues Sabena over code-sharing
        428 31 Belgian airline reducing number of Virgin seats it is selling Reuters [BRUSSELS] No-frills airline Virgin Express said it was suing Sabena for reducing the number of Virgin Express seats it will sell under a codesharing agreement. The airlines have an eightyear code-sharing contract, which
        Reuters; REUTERS  -  428 words
      • LOG Book
        • Article
          Lock icon China Eastern to lease 7 Airbuses
          95 31 Bloomberg [SHANGHAI] China Eastern Airlines Corp, the country s third-biggest airline, said it plans to lease seven Airbus SAS jetliners in the second half of this year to offer more flights. The Shanghai-based carrier will lease three Airbus A 320 and four A 319,
          Bloomberg  -  95 words
        • Article
          Lock icon MAS asks for more Jakarta flights
          94 31 Bloomberg [KUALA LUMPUR] Malaysia has asked Indonesia to allow its national airline Malaysian Airline System Bhd to increase the number of flights to Jakarta. "We have got justification to ask for more flights, so we hope they will look into it favourably," said Malaysia's
          Bloomberg  -  94 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1712 31 an ruaw n» awn in MM* wraai 1930 8*7382 2055 hmUftam SOIS 0700 6*978 0U0 U837 1455 UM 2255 w am mm ma w mm a» *adM ****** 2045 ****** 2045 mm urn mm am Wrw GfM8 0935 isimw mvi noo ww orn SOW M20 8M22
        1,712 words
    • LOGISTICS page
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        Lock icon Suzhou aims to become supply chain hub
        550 32  -  While Suzhou in China's eastern Jiangsu province is planning to be the logistics centre for the Yangtze River Delta, Chengdu intend to be the biggest distribution hub in China's western region, reports p t bamosbero P T BANGSBERG MORE business centres in China
        FILE PHOTO  -  550 words
      • Article
        Lock icon Macau airport seeks to build logistics centre
        372 32  -  By- P T Bangsberg THE operator of Macau's airport is seeking to widen its logistics role as freight volume grows steadily. Sociedade do Aeroporto Internacional de Macau is believed to have submitted to the government detailed proposals for development of a logistics centre.
        372 words
      • Article
        Lock icon Inttra signs up forwarders
        103 32 [SINGAPORE] Multi-carrier shipping portal service Inttra recently signed up three third party logistics providers, which will boost the portal's handling and booking capacity to 2 million TEUs. Jointly owned by Maersk Seal and and 10 other carriers, Inttra will connect Danzas Group,- Panalpina and Schenker to
        103 words
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      102 23 NOTICE TO TRADE COLOMBO FEEDER WAR RISK PREMIUM In view of a further reduction in insurance premium to help facilitate trade, Feeder Members have decided to reduce the Colombo Feeder War Risk Premium to US$lO.OO/TEU laden effective on all vessels arriving after 29 August 2001, 0001 hours at Colombo. We
      102 words
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      Lock icon Page 23 Advertisements Column 2
      148 23 LOGISTICS PAGE: Suzhou aims to become supply chain hub Back Page AIrNZ delaying results to await ownership cap ruling Pg9 Virgin Express sues Sabena over code-sharing Pg9 ***** •mm The largest university of technology in Australia I ■UiyUSU UNIVERSITY ISiH tMfai MASTER OF BUSINESS JHK| I ■SgS Prlsr LOGISTICS W||
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      Lock icon Page 23 Advertisements Column 3
      106 23 A«I• Pacific MARITIME Staying ahead with high tech, niche markets, Page 2 This is to notify you that the following 2 employees have on their own accord resigned from AEX Shipping Pte Ltd (the t4 Company") on the 25th July 2001: Name Christopher Lei Yum Hin (NRIC No: *****462E) Ken
      106 words
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      559 24 NORTH AMERICA QULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) |OULF KARACHI EXPRESS (0»0Q vtssa vot i« «t wssa vot jm m* m s» OOQMPAM SIWII IS/M M/M M/M PtO NBNIOTO MALACCA 141 77/ M M/M M/M M/M OOCIKTHBUNM 30W11 11/ M M/M 11/ M fftONBMIOTVIIO M GtAMK Oil M/M 01/ M
      559 words
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      Lock icon Page 24 Advertisements Column 2
      621 24 Lines services represented by JSSia of It* b>9'*y of Members or (he rjEsp[| Accredited Shipping Agents, S,ngopore Logistics Singapore Shipping Association Association ULY Um MALI I I VESsa vot Tin eu in I I P.KLANG SPOKE Empress Lily VP7OI 06/09 07/09 14/09 Princess Lily VO7Ol 22/09 23/09 30/09 Empress Lily
      621 words
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      672 25 TO USA (SAX SERVICE) VRSa VOY SIN EU IAX OAK DAI HOU ON CM MEM ATI NYC AW PUT! IPSE 05/09 20/09 25/09 25/09 25/09 25/09 26/09 25/99 27/99 17/09 API HOUAMO ion 12/09 27/09 02/10 02/10 02/10 02/10 03/10 02/10 04/10 04/10 AW ENGLAND 104E 19/09 04/10 09/10 09/10
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      2067 25 TO AMi T/TtIfMTS Vr iilMI T/T il2 MVS v AQABA T/T tIS MTS J GENERAL AGENTS IN SINGAPORE: 80 IOtWSON RD »12-00 SAUS/BRGS TEL *****57/43 FAX: *****21/71 lUUTSU QfFKI PAS* GUDANG TEL 07-***** FAX: 07-*****70 COSTAR SMPfIK PTE LTD "«"oce ouni outWaio (i/i) 4205 m 23*5325/75 ror klang 03-******33 oi-*****A*8
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      1198 26 C SENATOR LINES TO EUROPE TO MPOit lAST/KAN/KH) SEA rasa vot m uh itm w kmi wrv hi |msa I m a in m I b 1 naOWSBMIW MltW UM 1«M l*M I7M IMf l»M MM MM MUM MIMf 11 J* MM lljt ISM 14M HAMN SAVMMAH 90WW JIM H*
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      777 26 mjkm mac-nels s pore m'sia rTTTTTI Carrt«r: MN COUTH LINES, INC p. ouoang: <ot) *****2s rJWVJ 86W: (064) *****6 MAMLA: (632) $*****4 PENANG: (04) *****36 BANGKOK. (662) *****67 SURABAYA: (31) *****11 P. KELAHCL (03) *****77 JKT. (21)*****46 KUCHBIG (062)*****1-3 INCHON/SEOUL VIA BUS AH PIRAEUS MV "KMTC HONGKONG" V.I 12N MV
      777 words
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      405 26 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO: COLOMBO A NHAVA SHEW (CFS MULUND. MUMBM) ALSO ACCEPTMG TO Ml NOKTHBW MB WESTON CO POMTS VESSBNAM Ivor k-raKla&OßNjn9KW| COMKTMG COMCCTMS wns* va-ason luziuuiunßS n b» use mmno wsssm ink (onkkt 2 rim m ■oresa saow use use mmmowm iamsmm son i» rss IUttMU
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      1407 27 IVISSB. VOY I KHH I HKO I SIN I PKL DXI W PMM MC miMM PCI-222 2S/0S 29/00 01/09 02/09 09/09 10/09 12/09 14/09 MAN TABATAB A£l PCL-223 04/09 05/09 11/09 12/09 19/09 20/09 22/09 24/09 IRANKHMAN PCL-224 11/09 12/09 19/09 16/09 23/09 24/09 26/09 20/09 ItAN ISFAHAN PCI-225 It/09
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      357 27 UK CONTINENT SERVICE Loodrtg for TINA 1 RDM/ATW/BMN/UK/LPL ATHINOULA RDM/ATW/BMN/UK/LPL OCEAN TRADER RDM/ATW/BMN/UK/LPL Loads Singapore. EVW Indonesia MIDDLE-EAST SERVICE Loadrigfor AL QAWTYYU JDH/AQA HATIME ANA JDH/AQA ALCESTIS DBl/ABU/DOH/BRN/DM M/KWT PRABHU OAS DBI/ABU/DOH/BRN/DMM/KWT HENG SHAN JDH/DMT/AQA EFFY NORWAY D6l/ABU/DOH/BRN/DMM/KWT toads Singapore, E7W Malaysia. Indonesia USA SERVICE Loadng for ASTROMAR MZL/LAX/VCW/VCB JIN
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      1125 27 wbhbmm/ smimm/ umit/ owctio mucror/b* ta nm/ua <hmb» vnsa I VOT Is« hng sma icg t*o VBtt WT M 1 mEl—ifll_ jnuwUM NOW 10/W lidß 2i3H_ iiMSm-- —$S ifcjjj ~ftj~ fo ~P7BT iAIUtiUII HQ2fi UM 22/8—.25A8—2L38 ttIZU- CHANA mum# \m ~o£g~ wfr muWUM HO7O 74/W 29/W 07/10 05/10 01/10 NANttISSSI
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      895 28 EXPORT vßsa/vowg sw Jon www wv puranoiiooi* 02/w 2ow aw 2yw BEIDAMYWS3MIMJ22 OVW 21/W 22/W 2»W &W V/ 9 nuwiYmiuHiw w/w 27/W j W/W avw BBfIKBfWS4MMM I(VW 21/W 01/10 QV>O 04/10 EAST AND WIST MEDfTTRRANEAN BLACK SEA EXPO*T VESSa/YOYAGE H»~[ 1M CM FOS toT VLC T«S eiaafßuini4«n x/n 14/w u/wi
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      367 28 JAMASmTPSSIAITcW EXPORT I VESSa VOYAGE SGPCMRDW DMNKM NX V AKM JED AQR lUAHGHf 0174W 31/01 11/W UW 17/W UMASSUe 0021-02SW 03/ M 13/W 15/W 17/W UNirttJOEXT 0411-OI7W 04/W 14/W IVW 21/W OYUNHE 001W 07/W- 11/W 3M>l 24/W uNAMAi 0022 042* 10/W JOW 22/W 2VW lUN HtOMOTt *****07 V 11/W 15/W
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      376 28 mmriNF SINGAPORE PTE LTD 15 McCallum Street #03-01/02 Natwest Centre Singapore *****5 Tel: (65| *****73 Fax: (65) *****66 Email «eneral®ecusin eculine net Website http7/www eculine net lohore Bahru Office -Tel: (07) *****18 Fax: (07) *****62 DIRECT SERVICE TO SCANDINAVIA AARHUS COPENHAGEN OSLO HELSINKI GOTHENBURG I (ALSO ACCEPTING ALL INLAND POINTS)
      376 words
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      402 28 INDONESIA NATIONAL LINE TO AUSTRALIA I FULL CONTAMER SERVICE va wt_ m a» w m st» m m m. m ronMM is n/MM/n u/hh/hii/h n/w •n mh is" ii/wii/M \ifm n/o» iwnaua as i;/w u/w a/w «/u k/h lUMB 48 W/WB/W 11/H T~ ®/l» n/lt It/N FEEDER SERVICE TO INDONESIA
      402 words
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      394 29 I BSA M MYANMA Bk FIVE STAR LINE f (Myoamar Notio.ol Um) Loodiag for Yoßfow rasa vot sm m pw wm hpa-an tm SU> MOWGU 49W $U) MALAYSIA Mam: 90USTIAB SMPTMG AGOKKS KUL TB 03-*****)00 P*L TH 03-*****141 PBt m 04-2*1240} rah m 07-*****21/4 BANK LINE (A of Aadrtw Wwr
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      1056 29 HYUNDAI MERCHANT MARINE CO., LTD. VBSa VOf I SM I SOU I IM IRB AMI I HMI Ivesa VOT SOU 181 IM lAM I »W4 IMVI SM I MX DM 5411 10/94 11/98 05/91 0/ 00 a/08 maaut. 10m 39/99 u/w »/w n/o» 20/w «pi9r>o«a 1011 \i/u 11/01 09/ M
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      912 29 vOOv WALLENIUS WILHELMSEN TO NOdTH AND LATIN AMERICA "CAB RORO HIAVYUFT SfRVKE" VKSa VOT W HDGWT SW lOC MAO I MIA I SAV I lAI 108 WTC |WW I MOO I TAMPA AMII7 AJM TK 04/10 07/10 00/10 11/10 12/10 14/10 10/10 20/10 TAIABOT AMI 10 4001«k 4JM 10/09 2S/10
      912 words
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  • Page 31 Miscellaneous
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      131 31 ?Z? jga FOR 7 AM 30 AUG 2001 113E \zaef "SSKktiJ LEGEND Issued by Meteorological Service Singapore K Thunderstorm J Rain Temperature °Cp/ Wind direction and speed in knots a Weather Cloudy Day Sea Conditions Wind speed symbols O Full circle w/o line indicates caJm or light and variable winds
      131 words
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      45 32 DHL delivers more to the USA JB Working in partnership with Northwest Airlines Cargo, DHL will bring you greater levels of service and reliability. With new cargo routes connecting Asia and the US, DHL's position as the leading air express company is now even stronger.
      45 words
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      10 32 AvutKMi MwSf ikcfift schedule, weetiief nwp ere on pg 3
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