The Business Times, 30 November 1999

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Total Pages: 46
1 46 The Business Times
  • 15 1 THE BUSINESS TIMES mita (P)jHergm-^ 85C i SINGAPORE Internet: http:/Vbusiness-times.asial .com.sg/ TUESDAY, NOVEMBER 30, 1999
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  • 61 1 □six (-13.39) n*™ mm Mll4 (-6.83) nsmsci FUTURES mm mm (-0.50) STOCK KAUET INDICES Monday Change KLSEOOMP Closed NIKKEI I83M17 -#4.23 HANG SENG l§,ttl.ll—+186J8 SET INDEX ***** +856 JAKARTA COMP __Ht82 -1164 MANILA COMP 1J***** +1887 TJura WPI 7«jo_+aa4« SEOUL COMP 364.26 +11.10 CLSA CHINA B 771.74 -1J7
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  • 72 1 FOBEX BATES us$ s$ US$ 1.677 £(US$/S$per£) 1.604 1690 EURO(US$/S$/E) 1.913 1.696 DM 1.932 0.868 YEN 103.1 1.626 RM 3.800 0.441 HKS 7.771 0.216 BAHT ***** 0.043 RUP1AH 7,336 0.023 •SttoWOunH* FUME BATES SINGAPORE* 5.80 KUALA LUMPUR 7.25 JAKARTA 40.00 BANGKOK 10.00 MANILA 11.00 HONGKONG 8.25 TAIPEI Ml SYDNEY
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  • 775 1  -  k£Tm laiesi NF wins two-thirds majority but loses two states in Malay heartland From Ruth Wong, Eddie Toh, Meera Tharmaratnam in Kuala Lumpur in Hongkong FUND managers and market analysts last night looked beyond the National Front's two-thirds victory in the general election to post-election
    AFP, REUTERS  -  775 words
  • 728 1  -  Three systems expected to bring relief to traffic congestion in the capital From Harish Mehta in Bangkok AT long last, Bangkok may be on the road to untying the notorious traffic gridlock on its streets. Some immediate relief will come as early
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  • 809 1  -  Currency hits 104 but rallies to 102.45 by Tokyo's close Prom. Anthony Rowley in Tokyo LEFT hanging by inaction from other major central banks, the Bank of Japan intervened single-handedly on foreign exchange markets yesterday to sell down the surging yen to
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  • Page 1 Advertisements
    • 125 1 INSIDE Top Stories Richard Branson's plans to give Austaafia a new cut-price airtine were welcomed yesterday. Qantas shares slumped 14.7%. Shiooina Tiniii 1" US major stock indexes poised to record annual returns of more than 10% each Pg 20 Marco Polo to push forward launching of The Grange Residences. Pg
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    • 8 1 More upside tests expected for yen, Pg 6
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  • NEXT page
    • 539 2  -  Analysts see Terenggann'sf&ll hurting DrM in next year's party elections From. Eddie Toh, Ruth Wong in Kuala Lumpur ANOTHER Malaysian state has fallen to the Islamicbased opposition party in the 10th general election amid widening fault lines in the Malay heartland in
      REUTERS  -  539 words
    • ON THE grapevine
      • 95 2 ARUP Raha does not believe in staying more than three years with any organisation. The chief economist/co-head of economic and market analysis for Asia at Citibank/ Salomon Smith Barney is on the move again after two years with the group. He has just jumped ship to
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      • 63 2 MERRILL Lynch has dethroned Jardine Fleming for the top spot in Asiamoney's brokers' poll rankings this year. The US brokerage received more first, second and third-placed votes than its rivals, making it the best research firm in 11 markets across the region. CLSA Global Emerging Markets
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      • 89 2 SEEMS the people promoting Singapore's new integrated stock and financial derivatives exchange which debuts on Dec 1 are in a bit of a fix. The abbreviation for the new exchange, the Singapore Exchange Ltd, is SGX but the people at Simex are reluctant to use it.
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      • 98 2 JP MORGAN has appointed Jaime Augusto Zobel de Ayala, president and chief executive of Ayala Corp, to its International Council whose members include Senior Minister Lee Kuan Yew. Mr Zobel is the third Asian to join the council after Mr Lee and Yotaro Kobayashi, chief
        98 words
      • 51 2 WITH tee-shirts and jeans fast becoming standard attire for dot-com workers these days, a big info tech company has bucked the trend by organising an "e-glam" event, with laptop computers going to the best-dressed. For the guys, it's time to dig out that double-breasted suit, we
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  • Page 2 Advertisements
    • 40 2 B VtGA RI The Scuba and Scuba Chrono Automatic Available in Singapore at Bvlgari, Hilton Hotel 737 1652 Takaihimaya Department Store 73S 6689 and: Dickton Watch A Jewellery, The Promenade 732 8900 Centrepoint 734 5822 Suntcc City Mall 336 4871
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  • Page 3 Advertisements
    • 76 3 Long-term performance: Financial markets have their ups and downs, but your objectives stay the same. So you need a bank with the ability to react quickly while keeping a long-term perspective. For over 125 years our clients' confidence in our capabilities has made us one of the world's largest fund
      76 words

  • SINGAPORE companies
    • 246 4  -  By\ R Sivanithy BROKERS were puzzled by the relatively low volume of Mediaßing shares that were bought-in by the Stock Exchange of Singapore yesterday. Those who had short-sold the Internet company's shares on its debut on Nov 19 would have had to
      246 words
    • 495 4  -  I-ii exclusive Super-luxury condo to l»e marketed In Kay next year instead ef2ool By] Kalpana Rashiwala MARCO Polo Developments plans to launch The Grange Residences in May next year and not in 2001 as it had indi cated earlier, its managing di rector,
      SIEW YAW HOONG  -  495 words
    • 441 4  -  Partners plan to develop property into alnznrycondo By' Teh Hooi Ling DEALMAKER Simon Cheong has roped in First Capital Corporation (FCC) as his 40 per cent partner in the development of the freehold Cuscaden Tower plot next to the posh Four
      441 words
    • 322 4 SHARES of Singapore's largest listed company Singapore Telecom fell as much as 10 cents yesterday morning following news of a mid-year profit which is at the lower end of analysts' forecast. However, the counter recovered in the
      322 words
    • 694 4  -  ■f^Niock^; r sivanithy SHOULD the regulators be concerned over the speed with which new share listings have been coming to market? Last week we saw the debuts of Chip Eng Seng and China Toll and the introduction of GMG Global, which
      694 words
    • 554 5 This marks second revision of deadline; previous cutoff date was December Reuters [WELLINGTON] Brierley Investments yesterday extended the deadline of its possible buy-up of Air New Zealand shares until March 31, 2000. A formal notice that BIL planned to increase its
      Reuters  -  554 words
    • 552 5 It signs pact with BOT, becomes 4th foreign owner of Thai bank Bloomberg [BANGKOK] United Overseas Bank Ltd (UOB), Singapore's third-largest bank, signed an agreement with the Bank of Thailand completing its acquisition of Radanasin Bank, becoming the fourth foreign owner of a Thai bank. The
      Bloomberg; FILE PHOTO  -  552 words
    • 213 5 Reuters SHARES of construction-based L&M Group Investments Ltd hit a year high yesterday on the firm's Internet investment in Indonesia. Bucking a weaker trend for the market, L&M rose briefly to a year high of $1.34, before ending at $1.33, up nine
      Reuters  -  213 words
    • COMPANY Briefs
      • 46 7 TIBS Holdings has sold its wholly-owned subsidiary, PB Packaging Systems Singapore to Sime Singapore. Sime, through Sime Rengo Packaging Singapore, paid $3.1 million tor the 600,002 ordinary $1 shares in PB Singapore, which makes and trades in packaging products.
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      • 85 7 SINGAPORE Food Industries (SFI) has acquired an additional 36 per cent of Shanghai ST Food Industries Co, an equity Joint venture company in Shanghai, for US$l.44 million (552.4 million). The additional stake was acquired from the other existing shareholders of Shanghai ST Food,
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      • 71 7 AFX-Asia KEPPEL Corp said it has completed the unwinding of cross-shareholdings between members of the Keppel group. Keppel Corp has purchased 28.22 million shares or 4 per cent of Keppel Land from Keppel Fels Energy and Infrastructure, and 9.83 million shares or 1.4 per
        AFX-Asia  -  71 words
      • 70 7 SHARES of Great Eastern Holdings (GE Holdings) wore listed and traded on the Stock Exchange of Singapore yesterday. GE Holdings is a new financial holding company formed as a result of a restructuring in which Great Eastern Life (GE Life) becomes a wholly-owned subsidiary of
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      • 49 7 IN our Nov 27 report on JIT Holdings' interim results, the correct revenue growth figure should be 62 per cent, not 161 per cent, while the rise in net profit should be 12.6 per cent, not 2.6 per cent. We are sorry for the editing errors.
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    • 411 7  -  Asset securitisation of DBSTampines Centre a first for the bank By i Carol Eng DBS Bank has for the first time turned to securitising property assets as part of its plan to focus on core banking and financial services. It is hiving off DBS
      FILE PHOTO  -  411 words
    • 179 7 PCI Ltd, a unit of the Chuan Hup group, has proposed a private placement of 17 million new shares at $1.10 each. The price is a 9 per cent discount to PCl's last traded price of $1.21. The stock was suspended
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    • 429 7 $Llb charge on high side hot still within estimates: analysts AFX-Asia SHARES of Keppel Corp and Keppel Land ended the day down after the government imposed a higher-than-expec-ted levy of $1.1 billion for the redevelopment of Keppel Corp's shipyard land into a
      AFX-Asia  -  429 words
    • 171 7 JURONG Engineering Ltd has clinched contracts for projects in Vietnam, Malaysia and Singapore worth a total of $40 million. In Singapore, the group secured three jobs. The first is the mechanical package for the air separation plant on Pulau Sakra awarded by Air Liquide Engineering
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  • Page 4 Advertisements
    • 121 4 even at a conference, you're an inndividual. It doesn't matter how many delegates there are, we regard each as having separate, unique needs. It might be secretarial services from the Business Centre. It might be to send a fax or email. Or arrange a game of golf. It might be
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  • Page 5 Advertisements
    • 182 5 Qantss shares plunge, Shipping Times, Pg 12 I 'I I Jk Y M W wV- V*r'~' J^l r jfl —A HK r *>mB jz*."*-j- j| v .^tejg«g| liiiiMk i I'l 1 J 1 Jfl •'■>*&*& dfl jfl The key to a BMW 5 Series is just the beginning of a
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  • SINGAPORE markets
    • 196 6  -  WABXAMT WATCH By\ R Sivanfthy LIQUIDITY and momentum are probably two of the most important influences of stock prices in the local market. The moment both taper off, it doesn't matter how good the company's prospects are, investors will shun its shares or warrants.
      196 words
    • 572 6  -  I :j comment STOCKS r.sivanithy THE lack of institutional support for the local market was made patently obvious yesterday when prices slipped throughout the session in relatively thin volume. The retail sector, meanwhile, had its own set of problems to deal with, not
      572 words
    • 251 6  -  HOT STOCK By' Wong Wei Kong THE Singapore Telecom stock fell by more than 3 per cent yesterday, weighed by news of the company's first-ever profit decline since it was listed in 1993. It closed four cents lower at $3.14, after opening at $3.18 and
      251 words
    • 389 6 9>ocfca Voluw Mediating 10c 32,429,000 Ami Food&Prop US$ 29,938.000 LAM 50c 23,472,000 CNnaToN20c 21,506.000 PCI 25c 15,991,000 TanCtonglntSOc 10.710.000 0C8C 06eCW*****8 9,076,000 *G«nting Int 8,036,000 Gofcton Agri US10c 7,506,000 VandarHorst 6.493.000 8>octa MedtaRIng 10c 54,861,920 0C8C *****,000 SfA 32,182,307 LAM 50c 30,374,670 OeSQrp 27,766.056 UOB 23,372,300 TanChonglntSOc 19,880,850 PCI 25c
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    • 179 6 ♦9am. sth annual convention of safety Improvement teams by Minister of State for Manpower Othman Haron Eusofe. Venue: Phoenix Ballroom n, Hotel New Otani ♦9.30 am. Prime Minister Goh Chok Tong win call on King Abdullah n of Jordon. Venue: ShangriLa Hotel, Valley Wing,
      179 words
    • 508 6  -  Bank of Japan estimated to have bought USs2b to USs3b against the yen In its intervention yesterday p:i|comment CURRENCIES larry wee NEW highs for the Japanese yen in New York trading last Friday saw the Bank of Japan intervening in force yesterday to
      508 words
  • Page 6 Advertisements
    • 420 6 BUKIT SEMBAWANG ESTATES LIMITED ANNOUNCEMENT Unaudited Results for Half-year ended 30 September 1999 The Group The Company $'000 $'000 30.09.1999 30.09.1996 Change 30.09.1999 30.09.1996 Change 1. Result (a) Turnover 24.523 4.119 495.4 992 773 28.3 (b) Other income including Interest Income 191 (75.9) (a) Operating profit before depreciation and amortisation
      420 words
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  • SINGAPORE news
    • 242 8  -  By. Andrea Tan THE department store retail scene in Singapore is turning around after two tough years with sales picking up due to improving economic sentiments, the Department of Statistics said yesterday. After recording two straight years of decline, sales in
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    • 418 8  -  Private operators urged to make use of 8,000 sqm of newly available space By* Carol Eng GOING beyond Boat Quay and Clarke Quay to set up even more alfresco joints and simple retail ventures by the Singapore River that is what
      FILE PHOTO  -  418 words
    • 304 8  -  ST Engg chief says move will gain trust of workers, unions By\ Eugene Low COMPANIES which are doing well should reward and share the success with their workers, Singapore Technologies Engineering president Boon Swan Foo said last week. "Employers must give due recognition
      304 words
    • 201 8 EN BLOCEEIESa A FREEHOLD collective sale site just off Upper Serangoon Road has been put up for sale by tender through sole marketing agent Jones Lang La Salle (JLL). St Michael's Court, located along St Michael's Road, occupies around 32,594 sq ft
      201 words
    • 333 8  -  MAILISETT Ren S Lang Illinois, USA via Internet I REFER to your report "Clob: Daim brushes off view that KL breaches WTO rules" (BT, Nov 25). I am greatly disturbed by the comment made by the Malaysian minister. It did not sound like
      333 words
    • 70 8  -  N Grandhi Sydney, Australia via Internet WITH reference to the many reforms announced by the government of Singapore, on the Singapore dollar, on listing of foreign shares on SES in Singapore dollars, and on insurance, may I request the government to consider repealing withholding taxes to make
      70 words
    • 472 8  -  Tan Boon Tiong Singapore via Internet YOUR readers' letters ("Review en bloc rules to keep social cohesion", Nov 19 and "En bloc sales: let market forces reign", Nov 25) noted that there is some amount of inequity in an en bloc
      472 words
    • 196 8  -  Tan Kiat Hin, Lewis Singapore MANY investors must have been confused over the recent swing of prices in Nat Steel Electronics (NEL). The stock price was on a downward spiral from September onwards due to the Taiwan earthquake, Apple component shortages and inability to
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    • 295 9  -  =Vd 3 on the economy visitor arrivals' By. Andrea Tan SINGAPORE'S tourism sector hit a record high in October, with visitor arrivals jumping 21.1 per cent year-on-year boosted mainly by arrivals from Asia. The number of visitors in October touched 603,769, the strongest growth
      Source: STB  -  295 words
    • 225 9  -  By. Raju Chellam MICHAEL Yap, chief executive of the National Computer Board (NCB), has quit to take up "new challenges in venture funding and managing Internet start-ups". Today is his last working day at NCB. BT, quoting sources, reported on Saturday that
      BT: Nov 27, 1999  -  225 words
    • 566 9 He begins 3-day visit with call to explore new areas of cooperation The Straits Times VISITING Chinese Premier Zhu Rongji is supportive of Singapore's call for Chinese companies to consider listing on the Stock Exchange of Singapore.
      The Straits Times; AFP  -  566 words
  • Page 8 Advertisements
    • 212 8 To Germany and Baoh. H jM K I^l p| V 14 classic performances weekly, via Dubai. From Ist November, Emirates will fly non-stop daily to Frankfurt and six times a week to Munich*. On board you'll experience up to 18 channels of personal video entertainment, gourmet cuisine and fine wines
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  • Page 9 Advertisements
    • 31 9 FOR THE LATEST IN Special Feature In Shipping times 30 Nov 1999 Lost uour a 5 J||^B Try finding it at Classification 821 (Found) of gax& The Straits Times Classified, fwiJ
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    • 122 9 1 Hr AT UPS, WE DON'T JUST DELIVER PACKAGES. WE ALSO DELIVER ■fe HJA M H MM ■AH With our technologically advanced digital system, m H Ml Mmm 111 0 you'll be able to confirm receipt of your package by viewing the recipient's signature 0 .What's more you'll also be
      122 words

  • FOCUS property
    • 170 10 [SINGAPORE] Local developer Sing Holdings has appointed Lend Lease Projects to design and build its new $8.7 million light industrial development. Located within an established light industrial area bounded by MacPherson Road, Aljunied Road and Jalan Kolam Ayer, the 10-sto- rey, fully air-conditioned development will
      170 words
    • 533 10  -  Led by a bullish stock market residential property prices are soaring From Neil Behrmann in Ixmdon THE British residential property boom continues unabated and London prices, in particular, are surging. Latest returns from the Land Registry show that prices in the 12 months to September
      533 words
  • Page 10 Advertisements
    • 438 10 CB Richard Ellis Investment Dl 5 RESIDENTIAL SITE FOR SALE BY TENDER PROPERTY Viewpoint environment close Condominium to cbd orchard LOCATION view Near 51 Meyer Road LAND AREA facilities and good 7.495.7 sqm "J"?'*' N p'V° KatongPark Investment PLANNING 224-8181 PARAMETERS HPPPW Up to s t- .t-|. l' > n
      438 words
    • 177 10 OnryNpvly Collective Sale of Bukit limah Mansion Prime Freehold Residential Site so— ZD I r Buklt Tlmoh Read Prime Freehold Site area: 1,940.6 sqm Residential Site (20,888 sq ft) 100% Consensus Plot ratio: 2.1, 20 storeys For Sale By Tender Closing: Friday, 17 December 1999,3 pm PRIME INDUSTRIAL FACTORY FOR
      177 words
    • 211 10 Prime Freehold Sites For Sale Truly outstanding opportunities to acquire sites of distinction. Among the best Collective Sales in their category. ißßrMMmffm AT OXLEY ROAD £rP"\\\ Existing development (24 units) Land area 20,680 sq ft Pk 4 2 *> up to 10 storeys Central location in District 9 U 11
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  • Page 11 Advertisements
    • 153 11 \l9* C PAJCIM SINCE 1735 THERE HAS NEVER BEEN A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL BE. The Trilogy GMT Watch Ref. No: 2250-1130-71 Inspired by nature's three vital elements, Blancpain has created a new generation of timepieces: the Trilogy. With the GMT, circle the earth with just a
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  • EDITORIAL & opinion
    • 693 12  -  bottom line OPINION harish mehta The writer is BT's Bangkok correspondent THIS week will see the European and Japanese do battle with the Americans over genetically modified (GM) foods at the World Trade Organization (WTO) ministerial conference in Seattle. Asian countries should join
      693 words
    • 155 12 'What many voters will do is hold their nose and vote for the Barisan Nasional once more. It's not a popular government But people aren't prepared to vote against it' -WUHjunCaM a lecturer at Griffith University in Australia and an expert on Malaysian politics, on yesterday's general
      155 words
    • 625 12 EDITORIAL INDONESIAN President Abdurrahman Wahid has received clear and timely support from his closest neighbours in his efforts to keep the sprawling archipelago intact The leaders of the Association of South-East Asian Nations (Asean) issued a statement on Sunday supporting its largest member as it
      625 words
    • 1180 12  -  Make them explicit part of compensation package to motivate workers and create long-term wealth By] Mak Yuen Teen, Ho Yew Kee,Ruth Tan Mak Yuen Teen is an associate professor and deputy head, Ho Yew Kee is an assistant professor, and Ruth Tan
      FILE PHOTO  -  1,180 words
    • 944 12 Showdown In Seattle TWO big challenges confront the ministerial meeting of the World Trade Organization (WTO) in Seattle. One is to overcome deep divisions over the global trade agenda. The other is to respond effectively to public scepticism that liberalisation and indeed the trade system are
      944 words

  • MALAYSIA news
    • 763 13 KUALA LUMPUR Ten appreciation seen raising carmaker's costs by 20% PERUSAHAAN Otomobil Nasional Malaysia Bhd (Proton)'s earnings in its current financial year ended March 31, 2000, may be affected by the rising yen against the Malaysian ringgit, The Star reported yesterday, quoting analysts.
      FILE PHOTO  -  763 words
    • 255 13 MANILA Paper: Others in grtnp include key shareholders of Cathay Pacific Steel AFX-Asia A GROUP of Filipino-Chinese businessmen led by Lucio Tan has joined forces to bolster its bid to take over Ma-laysian-owned National Steel Corp (NSC) before creditors auction off
      AFX-Asia  -  255 words
    • 304 13 SINGAPORE Seme companies becoming more attractive, it says Bloomberg ABERDEEN Asset Management Asia Ltd yesterday resumed selling units in its Malaysian stocks fund, following regulatory changes making it easier to invest in the Southeast Asian nation. Aberdeen, an arm of Lon-don-traded Aberdeen Asset Management Pic,
      Bloomberg  -  304 words
    • 505 14 PETALING JAYA Better prospects once creditors and Danaharta accept revamp plan: chief KUALA Lumpur Industries Holdings Bhd (KLIH) expects to turn around by the financial year ending March 31, 2000, once its corporate restructuring scheme is accepted by the various parties, the Sun reported
      505 words
    • 334 14 ■PENANG It helps firm to post higher turnover, profit: chief PALMCO Holdings Bhd has attributed its ability to ride out the regional economic crisis to its diversified business base, The Star reported yesterday. The Penang-based group is principally involved in oil palm-based
      FILE PHOTO  -  334 words
    • 248 14 KUALA LUMPUR DIVERSIFIED Resources Bhd reported a pre-tax operating profit of 141.89 million Malaysian ringgit (5562.4 million) for the half year ended Sept 30, 1999 following strong performance in the automotive and automotive-related business, especially in the second quarter, the New Straits
      248 words
    • 156 14 KUALA LUMPUR Bernama GADEK Capital Bhd recorded a group pre-tax profit of 2.2 million Malaysian ringgit (*****,640) for the six months ended Sept 30, 1999, a big improvement over the RM18.5 million loss which was recorded for the corresponding period in
      Bernama  -  156 words
  • Page 13 Advertisements
    • 309 13 I CRISIS I I MANAGEMENT I I IM MIIMTUI SKKVItES I Executive Dersoectives AtW day executive conference, which H will provide a unique and valuable insight featurinq Alistrsliflll for Directors, Chief Executives and Senior Managers into the impact of a crisis on M Keynote Speskersi organisations in utilities, energy and
      309 words

  • Page 14 Advertisements
    • 53 14 n* The grass is always greener on the other side. With so many choice properties for sale in The Straits Times Classified daily, it's no wonder our readers are tempted to seek greener pastures. Advertise in the Properties section (Classifications 402 to 568). Call C.A.T.S. at 1800-737-1166. Buy h. Sdllt.
      53 words
    • 592 14 ~f~ ur -Z vVvf-.'ir'VKy" *.<T r: x r-. -»n? A' g ■R-8 ggtgigE ■s'SSSBa -> ttx"* r *NW.. u. mt Jtj \i; K>nrr>r~r. y-.A^Jxr A' ■< V\"<>'« llijpij v>:' 'i. «*£25 k ■'-r;s:v:{x **.*,< ,>7%, *2*2 ■V</2 .-y.w «p«rit-»i-'.' i\ v^r X' r M /yAv* «x'> fc A#; jrv«.*»*v t.
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  • SOUTH east asia
    • 417 15 JAKARTA Govt says it should have disclosed loan to textile producer Texmaco to Ibra bat did not Bloomberg PT Bank Negara Indonesia, the country's second largest listed bank, has rejected allegations that it tried to hide a loan it made to
      Bloomberg  -  417 words
    • 348 15 MANILA Suspension may be tied to Estrada's gag order: paper Bloomberg THE Philippine Securities and Exchange Commission halted its investigation into why BW Resources Corp's share price has surged more than 1,600 per cent during the year, newspapers said. Local newspapers reported yesterday
      Bloomberg  -  348 words
    • 158 15 JAKARTA Bloomberg INDONESIA'S Soeryadjaya family, founders of carmaker PT Astra International, will not be allowed to buy shares of the company held by the Indonesian Bank Restructuring Agency, an Ibra official said. The bank rescue agency holds 40 per cent of the carmaker's
      Bloomberg  -  158 words
    • Article, Illustration
      41 15 [JAKARTA] Protesters from Aceh draping a large banner reading "There is only one word: Referendum "on the dome of the parliament building during a rally in Jakarta yesterday to demand a referendum on self-determination for their home region. AFP
      AFP  -  41 words
    • 651 15 JAKARTA SAP rates Asia Pnlp Paper, Indonesia CCC+ but company may be moved toaß Bloomberg ASIA Pulp Paper Co, the biggest paper maker in Asia outside Japan, may be the first company in the region to receive a
      Bloomberg  -  651 words
    • 403 16 TURANGI, Indonesia They blame track drivers or officials who replaced erode oil with diesel Reuters BUSINESS is bad for Indonesia's palm plantations but this time corruption, not market forces, is taking the blame for a painful fall in prices. Prices for
      Reuters  -  403 words
    • 169 16 TOKYO Reuters THE number of Japanese firms investing in Indonesia has jumped since last month's presidential elections, Japanese trading house Marubeni Corp said yesterday. Some 10 companies have applied to join MM2IOO, an industrial park near Jakarta developed by Marubeni, since Abdurrahman
      Reuters  -  169 words
    • 226 16 HANOI Reuters A VIETNAMESE government body wants to cap the prices of motorbikes sold by foreign joint ventures in the country, claiming current levels are exorbitant, official media reported yesterday. The Vietnam Investment Review (VIR) newspaper quoted Nguyen Ngoc Tuan, head of the
      Reuters; FILE PHOTO  -  226 words
    • 234 16 JAKARTA 9-month results dented by basic lending businesses Bloomberg PT Bank Negara Indonesia, the country's largest publicly traded state bank, and PT Bank Universal, an arm of PT Astra International, said 9month losses widened, hurt by the banks' basic lending businesses. BNI said
      Bloomberg  -  234 words
    • NOTE Book
      • 88 16 AFX-Asia [BANGKOK] Hie cabinet win be asked to approve the initial public offering plan of the electricity Generating Authority of Thailand's (EGAT) Ratchaburi Power Plant today, the Nation quoted a source from Government House essaying. This will mark ths single largest privatisation programme
        AFX-Asia  -  88 words
      • 85 16 Reuters [BANGKOK] Radanaein Bank aaldyeetsrday it would sell about 46 billion baht(Bsl.9bffllon)of weak assets and non-perfbrmlng loans to its wholly owned asset monapmwrt unit ftadnaain Mid In a atahwnwit to tlw> gftyfc yrrh«ngp nif' Thailand that If —at managamant unit would pay
        Reuters  -  85 words
      • 69 16 Reuters [MANILA] Philippine glass maker Alliance Global said yesterday that its board had approved the setting up of a subsidiary to consolidate the company's interests and assets in the tood and beverage business. In a statement to the Philippine Stock Exchange, the company said the new
        Reuters  -  69 words
      • 69 16 Bloomberg [JAKARTA] PT Semen Greeik, Indonesia's largset cement maker, said its nine-month profit Ml 28 p«r cent as interest expenses surged faster than sales Wet profit for the company, which is 22 per cant owned by Mexico's largest cement company Cemss SA. Ml to 104
        Bloomberg  -  69 words
      • 59 16 Reuters [JAKARTA] Indoneelan cigarette maker PTHaniaya Mandala Sampoerna said yesterday it planned to iaeus a one trillion rapiah (SOU million) bond in Itotortiery."PT HM Sampoerna plans to issue a one trillion ruptah bond in early 2000 > Sampoerna said in a statement, adding It
        Reuters  -  59 words
      • 53 16 AFX-Asia [BANGKOK] Thailand's monetary policy is unlikely to change over the long term as the economy conttnuee its recovery, the Bank ofThailandeakl in a policy paper. "H economic growth picks up significantly, it ia not expected that monetary conditions will be changed substantially," BOT said In
        AFX-Asia  -  53 words
  • Page 15 Advertisements
    • 328 15 -VW V<,-" 'v' ..'V.*•'••.." :;>* :< Y ySM*S h s -V' V 4 '4e> ?^?:V Y.y t <: ;V; 't -;:-j r- V-- --*{->. r v '-"v-v- I s "r- 7 v ;X -V t- -y :^> i ->»^;'^^<;, v rs* ■Ar' A A' 7 R-Mlli' < V>V- w •-'.^gk^Sw^S^SwSSs^SS^
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  • Page 16 Advertisements
    • 241 16 Introducing the thinkpad 570 /aff.u V iluW here's how it works. just slip the new, ultralight. nontlurrrlf superthin thinkpad 570 II j n t 0 ultrabase and it transforms into a flexible JTM multimedia desktop. a desktop that's mobile enough to take with you jr as your alMn-one portable. 11
      241 words

  • EAST asia
    • 442 17 SHANGHAI Plan by China's biggest listed property developer a prelude to snch sales by other state-owned firms Bloomberg, Reuters IN a prelude to state share sale, Shanghai Lujiazui Finance and Trade Zone Development Co Ltd, China's biggest listed property developer, said it plans to
      Bloomberg,; Reuters  -  442 words
    • 216 17 TAIPEI AFP TAIWAN'S leading and third biggest securities firms announced a merger yesterday, a move analysts said would create a formidable securities company here. The merger of Yuanta Securities and Core Pacific Securities will produce a new company with a net worth of NT$3B
      AFP  -  216 words
    • 311 17 HONGKONG Asia Information, Taxing Info Tech to sell total of 220 m new shares Bloomberg TWO more companies with links to information technology and the Internet plan to list shares on Hongkong's new Growth Enterprise Market (GEM) in first-time stock sales
      Bloomberg  -  311 words
    • 348 17 TOKYO Bloomberg NTT Mobile Communications Network described as "speculation" a report it will buy a stake in Hutchison Whampoa's mobile telecommunications business. Oriental Daily News and other local press reported, citing unnamed people, that the company, also known as NTT DoCoMo, will
      Bloomberg  -  348 words
    • 231 17 HONGKONG DAB wins 83 of 176 seats contested in grassroots elections AFP A PRO-BEIJING party has registered big gains in Hongkong's first grassroots elections since the territory returned to Chinese rule in 1997. The pro-Beijing Democratic Alliance for the Betterment of Hong Kong (DAB),
      AFP  -  231 words
    • 322 17 HONGKONG Expectations of higher mobile phone, Net ue prompt analysts to forecast better earnings Bloomberg HONGKONG'S key benchmark index rose to its highest close in 25 months, led by China Telecom (Hong Kong) Ltd as expectations of higher mobile telephone and
      Bloomberg; AFP  -  322 words
  • Page 17 Advertisements
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      825 words

  • SOUTH asia
    • 371 18 BOMBAY Move, which will take effect in Feb, alms to attract more investors Bloomberg, Reuters INFOSYS Technologies Ltd, India's biggest software company by market capitalisation, said it will go for a two-for-one share split to attract more investors. Infosys' board yesterday announced that it will
      Bloomberg,; Reuters  -  371 words
    • 449 18 NEW DELHI Leftwing parties walk oat, workers say law will result in big lay-offs AFP INDIAN leftwing parties staged a walkout on the first day of the new session of Parliament yesterday to protest against legislation opening the insurance sector to private domestic and
      AFP  -  449 words
    • 200 18 NEW DELHI Reuters INDIA will miss the Jan 1,2000 deadline set for opening up its domestic longdistance telecom services to competition, a senior government official said yesterday. "There will be some delay. As soon as we get the inputs from TRAI (Telecom Regulatory
      Reuters  -  200 words
  • Page 18 Advertisements
    • 2205 18 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 0 ASIAN MICRO HOLDINGS LIMITED NOTICE 18 HEREBYavaTtWdwS»^!!in^GenerW^M^stingof^nliOT HoMngiLimitedmibe held at Setoff Country Club, Seletar Room, 101 S slater C3ub Road, Singapore *****3 on Thursday, 16 December 1999 at 1030 a.m. 1. To receive and to adopt the Directors'
      2,205 words
    • 189 18 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 ANO IN THE MATTER Of FUMING NOMINEES PTE LIMITED (In Memfairt' Vohmtary UtpttdMinn) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuont to Section 308 oI lha Companies Act, Cop. 50, that a Final Meeting of lha Members of die abovenomed
      189 words
    • 715 18 IN THK MATTES OF THE COMPANIES ACT, CAR AND IN THE MATTER OP PORCHESTER PTE LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE Or RESOLUTION PURSUANT TO SECTION 2M(2) At an Extraonboary General Mouin ef the members of the abovenamed Compaay -t duly coaveaed aad beid at I Sophia Road
      715 words

  • WORLD news
    • 551 19  -  Baaed on latest share prices, Bank of Scotland's offer remains better deal From Neil Behrmann in London ROYAL Bank of Scotland (RBS) has unveiled a bid of £26.5 billion (5571.2 billion) for National Westminster Bank to counter a higher offer from Bank of Scotland
      551 words
    • 430 19 Bloomberg MANNESMANN AG said it expects earnings from telecommunications to grow more than 30 per cent annually until 2003 as Germany's largest mobile phone company fights Vodafone Air Touch pic's US$l46 billion (*****.8 billion) hostile bid. Mannesmann, whose supervisory
      Bloomberg  -  430 words
    • 71 19 [ROTORUA, New Zealand] The expanding air cavity in an incubated egg of a highly endangered North Island brown kiwi being mapped yesterday by Department of Conservation biologist Carole Harvey for 'Operation Nest Egg' at Rainbow Springs in Rotorua. Kiwis (Apteryx austral is), unique to New Zealand, are
      AFP  -  71 words
    • 463 19 TOKYO AFP, Bloomberg JAPANESE electronics giants NEC Corp and Hitachi Ltd signed an agreement yesterday to form a memory microchip joint venture next month, the companies said. The new memory chip development and sales company, NEC-Hitachi Memory Inc, would be
      AFP,; Bloomberg  -  463 words
    • 403 19 WASHINGTON NYT A NEW wireless technology is about to join the contest to provide high speed Internet connections to homes and businesses. Cisco Systems, a leading Internet technology company, plans to brief analysts and reporters tomorrow about a new approach to wireless
      NYT  -  403 words
    • 222 19 FRANKFURT Bloomberg HOECHST AG and Rhone-Poulenc SA moved a step closer to their goal of forming the world's largest drugmaker after 96 per cent of Hoechst investors turned in their shares for those of the French company. A year after the partners announced
      Bloomberg  -  222 words
    • 404 19 kYifr] meeting SEATTLE No substantive discussion expected at four-day meet AFP A HUGE global conference to set the stage for far-reaching multilateral trade talks opens here today under a cloud of discord and in the face of blunt warnings that the undertaking
      AFP; REUTERS  -  404 words
    • 870 20 It could fuel consumer spending and came the Fed to raise rates, they s&y NYT [NEW YORK] With about a month left in the millennium, the three major US stock indexes are poised to record annual returns of more than 10 per
      NYT  -  870 words
    • 433 20 TOKYO AFP JAPANESE prosecutors yesterday arrested two executives suspected of failing to declare millions of dollars in taxable income from shady "Princeton" bonds, a company spokesman said. The arrests by the Tokyo District Prosecutors Office were in relation to a bond scandal that
      AFP  -  433 words
    • 236 20 TOKYO French insurer will invest up to 200b yen in Japanese firm Reuters, Bloomberg FRENCH insurer AXA yesterday announced that it would take control of unlisted medium-sized Japanese insurer Nippon Dantai Life Insurance Co by setting up the nation's first insurance holding
      Reuters,; Bloomberg  -  236 words
    • 403 20 TOKYO Cost cats, cell phone boom, accounting rhangAg mU help Bloomberg CORPORATE Japan is on the rebound. After three years erf low or no profit growth, companies in the world's secondlargest economy chalked up better-than-expected earnings in the first half of the year courtesy
      Bloomberg  -  403 words
    • 362 20 LONDON Firm postponing paMicatien of study suggesting that 83% have not delivered shareholder value FT THE accountancy and consultancy Arm KPMG, increasingly involved in advising on mergers, this weekend sought to withdraw a study which concluded that 83 per cent of cross-border mergers
      FT  -  362 words
    • 450 20 SYDNEY UK's Hanson to boy Pioneer for As4b; plans listing on ASX Bloomberg HANSON pic, the UK's No 2 building materials producer, said it has agreed to buy Pioneer International Ltd, the world's third-largest concrete maker, for As 4 billion (554.3 billion) to strengthen its
      Bloomberg  -  450 words

  • Page 20 Advertisements
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  • FINANCE & commodities
    • 314 21  -  mwiii Reports MSCI Singapore Index Daphne Tay Jardine Fleming THE Singapore stock market closed lower yesterday on lack of institutional support and for want of fresh leads. Hit by losses in index heavyweights Singapore Press Holdings and Singapore Telecommunications, the benchmark Straits Times Index closed
      314 words
    • 246 21  -  MBCI Triwan hiuim Matthew DenBleyker Rrfco Singapore THE Simex MSCI Taiwan Stock Index futures yesterday jumped 8.9 points, or 2.58 per cent, to 354.40 as the cash market rebounded from last Friday's plunge. Taiwanese stocks posted a decent rebound after Finance Minister Paul Chiu
      246 words
    • 132 21 ENHROY REPORT Bloomberg [NEW YORK] Crude oil fell 2 per cent yesterday on signs that Iraq, producer of 3 per cent of the world's oU, will soon return to the export market after refusing a twoweek extension of its previous United Nations-con-trolled programme.
      Bloomberg  -  132 words
    • 358 21 Reuters THE yen was on the advance against the US dollar and the euro yesterday despite the risk of Bank of Japan intervention. Japanese Finance Minister Kiichi Miyazawa confirmed earlier that the BOJ had intervened during Asian trading, buying dollars for yen for the first time in two
      Reuters  -  358 words
    • Article, Illustration
      1016 21 CKOflg Mt» Nov 29 O ht nr K$ Mu+m y- i m$wi» i— m tmnrnt m S2S" 9,938 £!2 ME ¥21 5!" E*"*" 9 7JW ia*92.9»24W9 w» MM LOW SUM24m 4997 a*» c2? 12 #m S J2 #m S ?S ?2 0-702 7JW 2 5 1W 480 U>7» ********** 0l424
      1,016 words
    • 1353 21 BOMiyUTUMB Nov 29 MOOCI (Mwi RSSICOMTtACTacMtita) Cton VMM Om MmU> Mtak Urn Salt (Mnm) totarwi I LllgJ Sg £99 ***** naoo 100 Ft# 00 H2.50 100 •tor 00 1&00 *100 ISf 3C0NTRMT (UScMtt/la) MtoM OfeM •tort* Mik torn Sett (taNMt totomt Dk99 M3o «5O 6M0~ 70 S2S J" 00 MOO
      1,353 words

  • STOCKS east asia
    • 2750 22 HOMGKONG Reutars Q Hang Seng HONGKONG stocks closed higher yesterday, propelled by another runaway performance from index heavyweight China Telecom (Hongkong) Ltd. The Hang Seng Index ended up 186.58 points, or 1.22 per cent, at 15,461.11. Turnover was HK$9.B billion, up from
      Reutars  -  2,750 words
    • Article, Illustration
      868 22 Reuters DamtaißMß 424 SHENZHEN'S B shares closed lower yesterday, with investors worried about poor corporate earnings prospects turning increasingly reluctant to build positions towards the end of the year. The B share index fell 0.24 point, or 0.29 per cent, to 82.08 on turnover of HK$l4 million, compared with
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  868 words
    • 336 22 AFP PWP Index *228.46 TAIWAN share prices jumped 3 per cent yesterday, recovering losses made in the previous session caused by reports of a Chinese military build up against Taiwan, dealers said. "Market confidence has been restored after reports of possible attack from Beijing were proven to be just
      AFP  -  336 words
    • 1957 22 TOKYO AFP Qnua 4*23 SHARE prices in Tokyo closed 0.3 per cent lower yesterday on profit-taking as well as concerns over the yen's strength, despite dollar-buying intervention by the Bank of Japan, brokers said. The Nikkei-225 index finished down 64.23 points at 18,850.27. But the
      AFP  -  1,957 words
  • Page 22 Advertisements
    • 25 22 Writing Wat Montblanc Boutiques: Ngee Ann City *01 34. Raffles City *01-37 A. Paragon *0118 Comer Watch Palace Montblanc Service Centre Paragon *01 Ift wf^^w
      25 words

  • SGX clob & regional stocks
    • 3022 23 BOMPS&WABRAHTS Nov 29 IHM Lai Mm MM *4 MCM t»J| ■>» Ua Ma* Cmrmt «*h ««r- C9«) U» bayr w— N» UnBilBdb U» 104 105 s~3160 A Ac#r ******1 USS 40.3 0.5 118 40.5 40 40.5 41 33.1 1 13* 75 2.77 20 80 14.5 s 3164 Acma ******4 32.5
      3,022 words
    • 295 23 AFP yi Composite Into +1&1 THE Korea Stock Exchange Composite Index closed up 15.1 points at 964.26. Volume was 274.1 million shares worth 3.7 trillion won. H»M »h Anern Semi ***** 1800 Br«n Teth 2180 160 Central Sank 2480 -50 ChellComm KMOOO 6000 OeeGuSank 3780 unch Deetang Corp 3520
      AFP  -  295 words
    • 274 23 AFP HMwfl* ♦1137 PHILIPPINE share prices rose one per cent yesterday, boosted by technical trade, analysts said. The Philippine Stock Exchange Composite Index closed 19.87 points higher at 1,979.42. Volume totalled 18.6 billion shares worth 3.55 billion pesos. AFP N— (tm MRCAWad 0.76 0.01 230 Abacus Construction 2.93 -0.03
      AFP  -  274 words
    • 279 23 AFP QWeffingtan -OJ3 NEW Zealand stocks made marginal losses yesterday in a market becalmed by the election outcome which came in close to expectations, dealers said. The NZSE-40 Capital Index ended down 0.93 point at 2,136.39 on average turnover of NZ597.5 million. AFP *h rw» Advantaga MOS 2JO 0)5
      AFP  -  279 words
    • 562 23 AFP -4J5 AUSTRALIAN shares eased 0.1 per cent yesterday in reaction to a lower finish on Wall Street amid renewed inflationary fears there, brokers said. The All Ordinaries Index fell 4.5 points to 3,055.50. The All Industrials fell 4.1 points to 5,295.10 and the All Resources dropped 6.5 points
      AFP  -  562 words
    • Article, Illustration
      747 23 AFP HSBTMae +BJ6 THAI share prices closed up 2.2 per cent yesterday, led by bargain-hunting in banking, communications and transport stocks, dealers said. But volumes overall were relatively thin amid modest foreign investor interest ahead of the year-end, with many also sidelined ahead of central bank economic indicators due
      AFP  -  747 words
    • Article, Illustration
      647 23 AFP QflMnpgnteiiiei -I£&4 INDONESIAN shares slumped 2.3 per cent yesterday amid concerns over the government's poor handling of problems in the troubled provinces of Aceh and Maluku and a weak rupiah, dealers said. A dealer at Pan in Securities said share prices took their lead from the rupiah's downtrend.
      AFP  -  647 words
  • Page 23 Advertisements
    • 168 23 DBS Flash. Gets you moving sooner. In an IPO, things can move very fast. Which is why if you're waiting for your IPO Share Financing allotment results, through your existing Sing Tel mobile IPO application results to be released or wondering if financing is available, phone or message pager. So
      168 words

  • 7639 24 MAIN BOARD Transaction date: Nov 29 Or Or 52-Wk Last Vol My Urt Quia 0J» vw jjl» Cap A»J wtgn i— »tw c»ma>»y tf roooi h>» Ui «—r cv wi wtc MUTHWIItTRY 162 17.5 m b 1000 Acma 50c 112 -1 312 113 111 111 "2 1° 33
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  • Page 24 Advertisements

  • Page 25 Advertisements
    • 258 25 Where to wine, dine and entertain...""? Treat yourself to a wide range of Japanese cuisine. Enjoy Tempura, Sushi Rolls, Sashimi, Soft Shelled -Crabs and many more plus tantalising desserts. Buffet Lunch 8C Dinner: *23.50 (Adult), 50% discount (Child) (Loach dotty except Sahmiay "Kmc* "from 12 mxm to 4Jopm. Dimmer mghtty)
      258 words
    • 50 25 V 1 HOTBL ORAND COfTRAL UMITCD 22 Orctard Road. Singapore *****7 Tafc 737 M 44 Ext 400*02 Fax 733 3178 ——Mi Italian Pasta, focaccia 72 Anson Rood, #01-01 Anson House Singapore *****1 I Tel A Fox: 557 0537 I Monday to Friday Bam to Bpm I Saturday Bam to 3pm
      50 words
    • 59 25 Introducing an exciting new experience in dining! pearl river palace othnyou iBHUfi-eineESi Bnbunr I ava a malnooiSit, Bpp#fis6fi iAd dinirti! I depend on luck. Advertise in Wine, Dine Entertain of The Business Times and reach out 1 to 108,000 readers daily. Contact Patrick Ang at 740 1284, Amy Choo at
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    • 74 25 In conjunction wMh Ihe Vietnam Country Fair *99 organised by Sentosa ft VNT Travel, there wW be a Vietnamese Country CuWne Buffet Lunch at Ihe Skylight Cafe, Oxford Hotel Singapore. Qjflggr Old) SOIP Grilled pork with b## hun Fried rice cake and many more Prepared by Vietnamese chef JL OXFORD
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    • 50 25 S MJ linlrtl RHtairiat Nil Dmi PBOMOnON SET LUNCH $32*~ per person FOUI-COUISE SET DDXNEI $78*~ per person SDC-GOfBSE GASTRONOMIC nmm $10&m~» per person (including two gloats of wine) A la cane menu also available. Reservations: 831-6288 9 DECEMBER 1999 333 Orchard Road. Singapore *****7 W: 717 4411 Far/31 2MI
      50 words
  • Page 25 Miscellaneous
    • 899 25 IWI li I II like carefree, totally ir- 3.00 Prime Mister Liu Lu- 12.46 PM Info TV. responsible teenagers. oguo. MO Business Today. tT: PM TV Innovations. ILOO Millennium: Human 3XO Longing (Drama, r). 2.02 Primarama. §F i 400 Kldz Blltz: Sesame Essence: A troubled 4M Little Library 3.00 Ragam.
      899 words
    • 256 25 CRYPTIC CROSSWORD ACROSS debts as really extortionate (9) 1A qmet compliment to value (8) 7 Deficit for a wee while (8) 5 Wiped out, as deer might well be 8 Finding school filing in time, blow (6) up (8) 9 Source of sandalwood? (4-4) 11 American joumaKst taken advan--10 A
      256 words

  • EXEC lifestyle
    • 798 26  -  Latest winner of the Australian Open is also youngest in its 95-year history. The Victorian teenager, Aaron Baddeley, is not only talented and highly ambitious but has his head firmly on his shoulders too, as johm brock finds out JOHN BROCK Reuters HIS father
      Reuters; REUTERS; AFP  -  798 words
    • 283 26 TRENDS Reuters CHRISTMAS shopping is in full swing around the United States, but a poll released yesterday shows that a staggering 91 per cent of Americans feel the holidays are too commercialised. Each year, people complain that they spend too much money, get further into
      Reuters  -  283 words
  • Page 26 Advertisements
    • 55 26 J .j,:. .jf Wm 0* a| l| li If \t v »uk«' mim- that (Hit computer ,ve t W<* 1 un*i«■ ~u' nl >: m< u 1 :3 n-fT* tt; on out systems 111«- !.>•••. inn. •\<uj Spond \\<>tkn u j .mi mir t" -t\\. l11 '> 1 i' v»»"
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  • KNOWLEDGE economy
    • 1222 27  -  Old idea holds key to success in the knowledge economy: treat people as your most vital asset m Megumu Nakazawa KNOWLEDGE management is not a fad. It has its roots in ancient history- While the term may be relatively recent, knowledge management has been practised
      FILE PHOTO  -  1,222 words
    • 1100 27 We continne this week Patrick Lambe's A-Z of Knewledge Management A Survival Guide C is also for Culture. Company culture attracts the attention of knowledge managers because it determines the quality of communication between workers, as well as the quality of knowledge
      1,100 words
  • Page 27 Advertisements
    • 75 27 |j I A Big I I Thank You! I to all our valued customers* B f suppliers and business associates K for your kind support to enable us to be B B one of the 50 most enterprising company B j» in Singapore B AVI-TECH Q mj| m ft B
      75 words

  • Page 28 Advertisements
    • 357 28 ©I£XUS The Lexus GS3OO Tke Relentl est Pursuit o( Perfection Lexus drivers have long known one irrefutable lact: there are two kinds ot people with extensive head and legroom. No douht they 11 he moved to strike up a conversation in the world. Those fortunate enough to own a Lexus
      357 words

  • SHIPPING TIMES
    • 292 29 Bridge News, Reuters THE US Thanksgiving holiday had a predictable dampening effect on dry cargo freight market chartering activity on Friday, brokers said. Biffex closed 10 to 19 points firmer than Thursday's finish after trading 38 lots. TDEE-CHABTERi TBN-73,000 dwt delivery US Gulf Dec 15/25 trip Singapore-Japan range
      Bridge News,; Reuters  -  292 words
    • 275 29 ses HHHMR ■Wit 1$ C*rr Distribution US -0.02 45 Chuan Hup 221 -0.02 2070 Cote investment LIS -0.03 107 FrMMUnk* 0.31 -0.01 553 GB Holdings a93 -0.03 SI HaiSunHup 0.71 -0.01 3M IMC Holdings-hk 540 uneh 0 JpyeMeMngs 1.33 -0.02 TO* Jurong Shipyard 8.60 -0.S 89 KeppelCorp 442
      275 words
    • 537 29 Y2K &EADDHSSS Contingency plans in place should millennium bug strike: marine dept AFP [HONGKONG] Hongkong's port, one of the world's busiest, will remain open to welcome the new millennium in a show of confidence in its Y2K readiness not shared
      AFP  -  537 words
    • 222 29 Reuters [CAPE TOWN] Vessel and container handling delays spurred by fears over Y2K bug glitches are still hobbling operations at South Africa's Durban port, a senior shipping official. "There are still some delays being experienced, but we're not yet in a crisis situation,"
      Reuters  -  222 words
    • 260 29 Reuters [COPENHAGEN! Danish shipping companies are upbeat on next year's prospects following the World TYade Organisation's (WTO) fresh forecast of 6-7 per cent growth in global trade in 2000 after 4 per cent growth this year, top executives said. Container lines in particular
      Reuters  -  260 words
    • FERRY disasters
      • 858 30 Attempt to recover bodies from China ferry disaster continues, as two more bodies from Norway wreck are found [SINGAPORE] THE world witnessed two tragic ferry mishaps on either side of the globe with the loss of at least 300 lives last weekend. Just as a
        AFP  -  858 words
    • 172 30 PACE DjakUoyd 8 ACL 6 P»P«M 3 AMI j ECl 4 Accord 8 ECU Line 6 5 Everqreen 6 Austral 8 F# Sm 8 CUnk 4 BalapShpg 5 Gernartrans 6 DM I HMiii 7 B'tangMas 8 Hanfin 3 CCM 7 HmmO'A 4 CMA 8 Hyundai 7 COSCO
      172 words
    • 10901 37 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vnu* Voyaqe Telephone ETA ETA Advertiser Vessel Voyage TtHphonc SIN Desfn Nam* Nam* Number Number SIN Dest'n Name Name Number Number aMMMMMNMMM>NM8BMMaMMMMMM9IEaMMMNNMHMMMMHMMMH l*/8 11/01 Kien Hung INTELUCENCE CONTA IC905S *5-*****33 To ABIDJAN (ABJ) 2003 Cot* D'lvotr* To BURNIE (BUR) 2061 Australia B/B 31/01
      10,901 words
    • SHIPS IN PORT
      • 675 39 Vessel Voy No Berth Arrive Departure ymcj Ros«« 9920 *j23 IZJn/tM 25/11/7*0 Kadar J07 22/11/7:35 22/1VI7:00 8t *8 2688 1499 JO) 22/TV8 30 22/11/19*0 *uha Scraya 3499 J02 22/11/7:50 22/11/20*0 Bt Seutt ***** J01 22/11/13*0 22/11/18 00 St Pu r*Kx2 *****9 J01 22/11/9:30 23/TV6-00 Bt P Rinjani *****
        675 words
      • 1839 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Boofclng/Bolanco Rstts Ship Voy No Etb/Btr Ported Fro* Jo Fro« ABU DHABI COS3f 27/ltOO 2VIMO !VW JflHL 2A zvrna 22/0*59 nt ow 21/1700 22/0*5* 22/0*00 22/0700 22/TI59 22/MOO 4 22/1200 22/M59 t 22/1700 ACXWOUT 0094 23/22:30 IB 2V800 2VJJW 2VW00
        1,839 words
      • 215 39 Dae 8 Italy: Immaculate Conception. Ditl Brunei: First Day of Fasting. Dm 23 Japan: Emperor's Birthday. Dw 2B Italy: Christmas Day. Brunei: Christmas Day. Australia: Christmas Day. Belgium: Christmas Day. Canada: Christmas Day. Denmark: Christmas Day. France: Christmas Day. Germany: Christmas Day. Hong Kong: Christmas Day. Indonesia: Christmas
        215 words
      • 767 39 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the individual
        767 words
      • 305 39 Crt- NO Max nu U NJ 0." 0J» aatw MM A* AMMm Tl f »Mm£25 1 1 S I 0 0 5*2 2522—!£2—== m AM ms OJ BJ 0.07 27 0.02 V2 an hb wo j u bj o.b 0.04 WH W Wo Bwt 635 0
        305 words
    • AIR & LAND transport
      • 849 40 Richard Branson expresses interest in buying News Corp's 50% stake in Ansett Holdings AFP {SYDNEY] The Australian government yesterday welcomed plans by billionaire Richard Branson to give the country a new cut-price airline, as the stockmarket registered its approval by dumping
        AFP  -  849 words
      • 338 40 Bernama [TOKYO] The Association of Asia Pacific Airlines (AAPA), now headquartered in Manila, will move its head office to Kuala Lumpur. AAPA director-general Richard Stirland made the announcement at the 43rd Assembly of Presidents (AP) of the grouping. The AP
        Bernama  -  338 words
      • 721 40 Reuters [LONDON] Aviation analysts' estimate that the world's airlines plan to operate only 25 to 35 per cent of their usual schedules on New Year's Eve because of weak bookings. "I don't know of any airline that is
        Reuters  -  721 words
      • 247 40 Passenger service charges are net taxes: High Court Reuters [LONDON] Airlines braced themselves for a payback to travel agents of up to £60 million (*****.4 million) after Britain's High Court ruled that passenger service charges could not be described as taxes. In a
        Reuters  -  247 words
      • LOG Book
        • 57 40 Reuters Airport said The airport said In a statement yesterday MASkargo would use Boeing747-20G aircraft on turnaround flights leaving Kuala Lumpur on Wednesday, Saturday and Sunday, with flights returning from Macau on Monday, Wednesday and Saturday. Hie first of the new all-cargo flints flew
          Reuters  -  57 words
        • 102 40 AFX-Asia [SHANGHAI] China Eastern Airlines Co Ltd said it has not been informed by the Civil Aviation Administration of China (CAAC) about the suspension of any of It# domestic slots. An official from the CAAC's price department earlier said Chins Eastern Airlines, China Southern
          AFX-Asia  -  102 words
        • 79 40 Reuters [LONDON] British Airways pic will attempt to cut costs by a farther £500 million (USII-S billion) In a plan which could result in the loee of more than 6,000 jobs, British newspapers reported yesterday. Union leaders met senior managers yesterday to
          Reuters  -  79 words
      • 1466 40 an FLIGHT ETA FUCMT CTO $***** *50 IK779 2359 (MMI im Mm? im M73M 1040 U4S79 2399 0T01 too 0F02 2090 0f» W> S020M W AJM229 22)0 MMMo MM» BM WN MS L £S2 H2 («t*i mm im am mm mm am cast 2045 swm w
        1,466 words
    • SHIP REPAIR, CONVERSION & BUILDING
      • 1189 41  -  Shipbuilding is a man's job. If you believe this is true, you're overdue for a reality check. By Donald Urquhart Donald Urquhart is a writer with the Special Projects Department, SPfi. Meet the person who will guide you through this reality check 21-year-old Haniza Mustaffa, a recent
        1,189 words
      • 703 42  -  After years of expansion, Singapore ship repair capacity is expected to contract as a result of competing land use. By June Lim June Urn is a freelance writer. The intense competition for land in spaceconstricted Singapore is putting even greater pressure on the local shipbuilding industry. Speaking
        KEPPEL SHIPYARD  -  703 words
      • 58 42 structure," MM a wwwny I pokes! nan. By splittinf the work between ti* two yards nt iMVttNUhig of iproVMiLftt Francis Bay, the nolmiui said it was ■iinm i M, n TWiiii 1a- IM ,i n pCNWKW ror rTyMrTullffl TP IrilV-II IKB dqlow too onmpfli it wHt
        58 words
      • 853 43  -  China's up and coming yards are offering attractive price rates and posing a very big challenge to Singapore's ship repair industry. By June Lim At the height of the mid-'Bos recession the worst in the Singapore marine industry it was suggested that the Republic required no more
        KEPPEL HITACHI ZOSEN  -  853 words
      • Merger
        • 39 43 ectltyjrill Jan 1,3000, Is qd tensive processes to its three Wees wfflwppivMfaytrp mB >l!wrttt(» and larittwjiMHßß' Integrated will be involved in sMMM^n^tt" J« ■>» ,K.„ I —i— i iiiljmir Jurong Techcotogies Industrial CorpNg«||W neeringandJH, Industries arfrfl ss«fcl*^p*Kl£ egWteAese
          39 words
        • 40 43 gineerlng foUowod pected to lop off mSuorn Se^sanTSbUh'tof achieve its projected forecasts of S|Bo mSttott in prt#. lis tikis year. pwp—i Ail the tmnmo* function* of Jttrorig and Sembawang shipyards, such as human resources, uritt be inieipnmL
          40 words
      • 1036 44  -  Faced with numerous challenges, the Singapore shipbuilding industry has added a focus on niche markets to its repair mainstay. By June Lim Singapore yards are homing in on market niches to hold off competition from lower cost centres. The ship repair yards are eyeing ship
        HITACHI ZOSEN; JURONG SHIPYARD; SEMBAWANG SHIPYARD  -  1,036 words
      • 1296 45  -  This year, offshore work new buildings, conversions, upgrading and repair of vessels have formed the backbone of big shipyards By' Tan Kim Pong Tan Kim Pong is head of the Shipbuilding Offshore Engineering Department at Ngee Ann Polytechnic. Keppel PELS, the largest offshore rig builder and
        KEPPEL SHIPYARD; JURONG SHIPYARD  -  1,296 words
  • Page 29 Advertisements
    • 360 29 Hl'TUU VTS2000 Symposium The and Port Authority of Singapore (MPA) and the International Association of Marine Aids to r V 8bB Navigation and Logistics I Authorities (IALA) will be organising the 9th VTS 2000 Symposium services 2000. The programme those operation, systems For more information, contact the symposium manager, Ms
      360 words
    • 142 29 Singapore s shipyards are taring challenges tioin .ill sides domestn .111\ .Kid internationally How .no lor.il shipyards t.u kling sll lti > r competition 1 Shififvrnj limes rames .i spori.il SIX p.KJO Supplement on Hit 4 industiy tod.iy. rr i iso ;Vli r :i iHV Two tragic ferry mishaps: safety
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    • 1255 32 MR-SENATOR UNES tt) UK/CONTtNBNT TOMEDITCRRANEANCiANApA MB m m im wra mm mb bw m vara Ivor en sn ros w.c w FWUMBMn* WW Kit I*l* Mil tl 2311 2411 25 12 CAUFOMMWHTM MM* I Mil 1112 21 12 2112 2t12 *I*l wmjmmim arm 012 2*12 2*12 2312 24.12 M.ll MGmcnMnw
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  • Page 33 Advertisements
    • 1774 33 [vessel voy khh hko sin pko pom pxb pmm [M B IRAN TABATABAEI PCL-130 24/11 26/11 30/11 01/12 10/12 11/12 12/12 14/12 10/12 HUN SATTARI PCL-131 01/12 03/12 07/12 08/12 17/12 18/12 10/12 21/12 23/12 HUN BAAKEftI PCL-132 08/12 10/12 14/12 18/12 24/12 28/12 28/12 28/12 30/12 IRAN TEYFOURt POL-133
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  • Page 35 Advertisements
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  • Page 36 Advertisements
    • 1787 36 -mm INDONESIA NATIONAL LINE TO AUSTRALIA "1 FULLCQifnuMPtaetvicc va wr m m m m stp m m m. m MSUMI »/ll N/11 11/H 14/11 17/11 PtOWDHSMM "ST 97/11 17/11 19/11 71/11 */1? mr*m ~"m" 14/11 W»~»/ni7i? wii~ nnu i« n/ii »/n«/»i w/>i i7/»i FEEDER SERVICE TO INDONESIA ya YOT iIWWW
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  • Page 37 Advertisements
    • 50 37 NEW BREAKBULK SERVICE I titimw mi For Complete Schedules Information See PACC CONTAINER LINE Turn To Pg 5 on FR. MEYER'S SOHN SPECIALISTS IN Dedicated Forest/Paper Machinery EAST MALAYSIA products Heavy Lift Service Container Project Crosstrade Turn To Pg 14 every Mon/Wed/Fri Details See Pg 4 HUB MARINE PTE LTD
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  • Page 39 Advertisements
    • 62 39 —r f S B— TiRTTn"' lili iii iII 1111 n 1111 I I j I t r .Ii nfc t; Any Time. Sailing schedn les to the Americas 8c more. 2 4 hours a day in the Shipping Guide Fax-On-Demand hotline 740 6000. i 5 I Another innovative service offered
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  • Page 41 Advertisements
    • 167 41 II Eclipse abrasive wateijet cutting uses small volume of I ultra-high pressure water combined with properly metered abrasive to cut through an unimaginable range f o!j g| of materials which are considered 'unmachinable' or m dangerous by existing conventional machining and *\i r*A UM/* f I cutting methods, eliminates heat/hotspots
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    • 47 41 r The Trusted Name In Ship Repairs. 2 *-*>■ T- v; HbmM" |V .1,, -*r* W* WiffiEp. ri 4»^5 ;§BShN&-. v* TW ■ftS" nw^r ir-v., w .-Jl L|L|i|AiiMliliiii^Btiia^^^l fir «^i <>, Singapore Technologies 60 Tuas Road, Singapore *****1 Tel (65) 86? 7902/3 F.ik 165 1 862 5382 |(l Marine
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  • Page 43 Advertisements
    • 289 43 HERCULES RUBBER a leading manufacturer with 32 years of profound experience, and FENTEK...... an international group with worldwide sales and marketing offices providing complete design and consultation services for marine fendering systems. With our formidable combination of manufacturing capabilities and technical design expertise, we have the widest range of MARINE
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  • Page 44 Advertisements
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  • Page 45 Advertisements
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  • Page 46 Advertisements
    • 314 46 W WILSON TAYLOR ASIA PACIFIC PTC LTD 10 Jalan Samulum, Singapore *****4 Tel: 264 0388 Fax: 264 1806 S "Solution to all your Marine Corrosion Problems" A world renowned name in Marine, Industrial Offshore corrosion control utilizing the latest cathodic protection technology. christoper Wesfcott Chairman Asia Pacific Backed By More
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