The Business Times, 26 January 2000

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Total Pages: 46
1 46 The Business Times
  • 12 1 THE BUSINESS TIMES MITA4P). 035/12/1999 SINGAPORE Internet: http://business-times.asial.com.sg/ WEDNESDAY, JANUARY 26. 2000
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  • 60 1 □sn 2,***** (-25.81) BT-SBI ***** (-7.77) □susa futuies ***** (-2.70) STOCK MARKET INDICES Tuesday Change KLSE COMP ***** 144 NIKKEI l&ffl§£3 -1(1.18 HANG SENG 16,103.04 -64.51 SET INDEX 473H___-4.00 JAKARTA COMP _64M6 -&86 MANIIACOMP *****8 -818 TAIPEI WPI 0,***** -1470 SEOUL COMP ***** J666 CLSA CHINA B *****
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  • 74 1 P01EXEATES us$ s$ USS 1.684 £(US$/S$pcr£) 1.661 1781 Kl!RO(USS/S$/E) 1.007 (.697 DM 1.942 0.868 YEN 106.8 1592 KM 3.800 0.443 HK$ 7.780 0JI7 HAHT 3728 8 045 RUHIAH 7,320 0.023 Stto 100 units P1IME BATES SINOAPORE* 5.38 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK 9.50 MANILA 11.00 HONOKONO 8.50 TAIPEI
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  • 650 1  -  HiTexHusTvel Pick-up in tourist spending cited for $339 m turnover and 200% jump in profit By, Kalpana Rashiwala [SINGAPORE] Takashimaya, Singapore's biggest department store, chalked up further improvements in its profits and turnover last year, underlining the retail recovery story. Takashimaya Singapore managing director
    PHOTO CHRIS LOH  -  650 words
  • 764 1  -  Classified ads to be listed at no extra charge, user can also book ads online By, Jennifer Lien [SINGAPORE] SPH Asia One Pte Ltd. the Internet arm of Singapore Press Holdings, yesterday reinforced its presence on the Internet with the relaunch of its Asia One.com portal.
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  • 102 1 THE relaunch of the Asia One portal will coincide with a major change to The Business Times Online edition. From today, BT Online will be available from 3am every morning, soon after the paper goes to print. Better yet, BT Online will have news
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  • 148 1 DONT miss this opportunity to subscribe, for a special price of only $265, to a year's supply of The Business Times, Singapore's only business daily, and Forbes Global, the world's most respected business and finance magazine. This offer, which translates into savings of $273
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  • 543 1 Recent hikes have not dented consumer demand, he says Reuters (ATLANTA] Federal Reserve Bank of Atlanta president Jack Guynn said on Monday recent interest rate hikes had not dented US consumer demand, leading some in financial markets to fear a large rate
    Reuters  -  543 words
  • 49 1 Bloomberg [WASHINGTON] Federal Reserve Board chairman Alan Greenspan's scheduled appearance before the Senate Budget Committee yesterday was postponed after a snowstorm hit Washington and much of the east coast. Mr Greenspan was to testify on the economy and the federal Budget at 10am Washington time. Bloomberg
    Bloomberg  -  49 words
  • 386 1  -  Front Meera Tharmaratnam in Hongkong ONE of the world's most famous clandestine operators the US Central Intelligence Agency has been advertising not so discreetly for candidates with a distinctly Asian hue. The CIA took out an advertisement in the Far East Economic
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  • Page 1 Advertisements
    • 97 1 DflgPE BT Comment Hock Lock Siew: Sing Tel, C&W HKTs union of equals spells bad news. Pg 3 Top Stories Sing Tel, HKT merger to reap net gains: analysts. Pg 3 Sing Tel shares jump 7% on news of merger talks. Pg4 ST Engg net profit up 30% to $200.5
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    • 14 1 Takashimaya to woo overseas direct marketing firms, Next Page Spoilt for choice, Next Page
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  • NEXT page
    • 505 2  -  The new game is not very conducive to old precepts, old entitlements Bj? Wong Wei Kong [SINGAPORE] DBS Bank vice-chairman and chief executive John Olds said yesterday that no one is assured of a place in the new financial order, a
      FILE PHOTO  -  505 words
    • ON THE grapevine
      • 129 2 THE local offices of Morgan Stanley Dean Witter must be a very secretive place. Or at least that is the way it seemed when one of our staffers tried to contact the research department. First you get to a rather unhelpful receptionist who will put you on hold
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      • 92 2 THERE was a time when public relations firms here had to fight tooth and nail for clients. These days it seems that an avalanche of dot-com companies are knocking on their doors, if the accounts of one PR firm is to be believed. And what's more,
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    • 390 2 JOHN Olds said that in the new financial order, one of the challenges is a continuous focus on personal integrity. We produce below the relevant part of his speech on this subject: "....If there's one thing I hope we've learned during the last
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    • 486 2  -  PEOPLE Ex-Citibanker Chua Ti&n Chn to take over; Leong to focus on Yeo Hi&p Seng By Kalpana Rashiwala [SINGAPORE] Leong Horn Kee has stepped down as managing director of Orchard Parade Holdings (OPH) after seven years with the company to focus
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    • 296 2  -  Kalpana Rashiwala [SINGAPORE] Takashimaya will introduce major revamps to its business such as tying up with overseas direct marketing firms which have yet to enter the Singapore market. This is part of the Japanese retailer's strategy to offer more choices to its customers
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  • Page 2 Advertisements
    • 30 2 Firms need to be in top 3 to survive in New Economy, Pg 12 Just be at Olio Dome Suntec City today to find out about our attractive subscription offer.
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    • 244 2 choice i at major local portals today www.asial.com.sg www.catcha.com.sg News from SPH publications, Reuters; breaking news News from Channel News Asia Free e-mail: check other accounts. 10MB mailbox and Web page space Search: Singapore Web sites 'Hi Classifieds: over 6 -7,000 listings from today's ST Classifieds Free e-mail: check other
      244 words

  • TELECOM liberalisation
    • 611 3  -  They cite synergies in international traffic business By Teh Hooi Ling IN an industry where size matters, the proposed marriage between Singapore Telecom and Cable Wireless HKT would result in net gains that's the general assessment of analysts and industry watchers. Michael
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    • 635 3  -  ITO3!T lock siew lee han shih WOULD two former monopolies fare better in a free-for-all global telecoms market if they merge? If not, why would Singapore Telecom and Cable Wireless be discussing a merger? Although details of the proposed deal have
      635 words
    • 651 4  -  Analysts rerate coriter to a 'hold' fntiQ a 'sell' By' Ven Sreenivasan SINGAPORE Telecoms shafts rose as much as 7 per cenCjesterday on news that the company was in merger tallctavith Hongkong's Cable Wireless HKT Ltd (C&W HKT) to create a $100
      JEN CHUA; Source: Bloomberg  -  651 words
    • 633 4  -  Prom i Quak Hiang Whai in Hongkong HONGKONG reacted positively to the proposed merger between the telecoms giants Cable Wireless HKT and Singapore Telecommunications as they saw a more formidable regional telecoms player emerging from the marriage. The possible merger would help the
      633 words
    • 581 4  -  From Quak Hiang Whai in Hongkong SINGAPORE'S full deregulation package for the telecommunications industry announced last Friday has leapfrogged it to almost on a par with its regional rival Hongkong, analysts say. Armed with their strong telecommunications infrastructure and the fast
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    • 478 4 Reuters [TOKYO] A MERGER between Singapore Telecom and Hongkong's Cable Wireless HKT could pose tough competition for Japan's NTT in Asia and at home, analysts said. Japan's former state monopoly Nippon Telegraph and Telephone Corp (NTT) currently dwarfs other Asian carriers in size, and
      Reuters  -  478 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 82 5 IMF y f 1 H- %KT t g SwJ i& Jul 1L"" |^L' ]1 \R <».« In < j ;^".t V WfBSslZ t^Bak^Kk-*-eEi K iHg rive rules have changed ,d wa V s have had their d3y. It's time to play by different rules. And in this changing world, asiaone.com
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  • SINGAPORE companies
    • 651 6  -  Firm giving shareholders special 70% gross dividend or 7 cents a share By, Jennifer Lien SINGAPORE Technologies Engineering yesterday beat analysts' forecasts by posting a 30 per cent jump in full-year net profit to $200.5 million. As a result, the
      CHRIS LOH  -  651 words
    • 376 6  -  Jane Cheong DOOR MAKER KLW Hold ings yesterday said it has raised its stake in Barang Barang from 38.5 per cent to 55 per cent, making the latter a subsidiary. It did so by exercising an option granted by Sonny Boey, managing director of
      376 words
    • 177 6 LOCAL Internet company Horizon.com yesterday announced that it's initial public offer of 4.2 million new shares was 76.9 times subscribed. Of the public tranche, 42.5 per cent was allocated to those who applied for just one lot, or 1,000 shares. The company, which develops and
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    • 322 6  -  Shares now priced at $3-$3.33, offer size also larger at 170 m shares: Citicorp By. R Sivanithy CITICORP Investment Bank yesterday said it is jacking up the indicative price range for the ST Assembly Test Services initial public offer (IPO)
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    • 285 6 VAN der Horst (VDH) has applied to go under judicial management to facilitate discussions with a potential investor. The engineering and infrastructure firm said in a statement yesterday that the move to appoint KPMG's Michael Ng, Peter Chay and Bobby Chin as JMs was
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    • 359 6  - Sembawang Kimtrans to raise 14.5m from IPO NEW LISTINGS By 1 Ling Su Ann MAINBOARD aspirant Sembawang Kimtrans, a specialist in marine and mining logistics, yesterday said that it plans to raise $14.5 million from its initial public offer (IPO) to expand its operations across Asia. It is offering 35
      SIEW YAW HOONG  -  359 words
    • 293 10  -  They aim to create, operate Net-related businesses in Asia Pacific region vyi Eugene Low PACIFIC Century CyberWorks (PCCW), Asia's largest Internet company outside Japan, is forming a 50-50 joint venture with Nasdaq-listed CMGI Inc to create and operate Internet-related busi- nesses in the
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    • 276 10 Land reclamation firm placed 25 in last year's E5O list LINKS Island Marine said yesterday that it has received inprinciple approval to list on the mainboard of the Singapore Exchange. The company, which is involved in land reclamation, charter of vessels
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    • 371 10 HORIZON.COM, which makes its mainboard debut today, has tied up with Pacific Century CyberWorks (PCCW) subsidiary Pacific Convergence Corp (PCC) to promote and distribute its products and services through PCC's broadband Internet infrastructure. Under the agreement, PCC will market Horizon's
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    • 573 10  -  lfy\ Marissa Chew MAINBOARD listed Jacks International is not well-follow-ed by investors, but its chairman Tan Kay Hock hopes that its initiatives to improve liquidity in its stock as well as its expansion plans will change that. Jacks International, which operates the Nature's
      ARTHUR LEE  -  573 words
  • Page 6 Advertisements
    • 105 6 Formerly a military secret. Finally available to a select few. The innovative Panerai LUMINOR chronograph is entirely fashioned from TITANIUM AND A SPECIAL GRAOE OF NAVAL STEEL. FITTED WITH A NFW AND EXCLUSIVE DRACELET. IT BLENDS ITALIAN DESIGN AN D SWISS MANUFACTURING EXCELLENCE- WATERRESISTANT TO A DEPTH OF 200 METERS
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  • Page 7 Advertisements
    • 135 7 I 0 hhSp 1. y HB 'It iMiiifc 111 A iMMlilltfUiMi I lIM "MiiiMMIII m aMil I II liiltff^H 1 ji'i rnitf iftl m» *—>'< itrfU"ftiffll )iliOli>ii' nii«VT j x^ wotol^m»^' timm I y B S ml iji^^^Mitfkiih t iiii'iiiiiriiiiiiii ififiltfirtiiii'*h' > i r j Introducing the new CL coupe,
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  • SINGAPORE markets
    • 192 8  -  WARRANT WATCH lty\ R Sivanithy SOME months ago, we rated Haw Par's warrants as being among the best buys in the local market. It's been some time coming, but both shares and warrants moved up sharply yesterday, bucking the overall market's downward
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    • 532 8  -  l-l I comment STOCKS r.sivanithy THE local market yesterday proved surprisingly resilient to a sharp overnight dip on Wall Street, helped by a rebound in Singapore Telecom's shares which came amid speculation that if it merges with Cable Wireless HKT, its weighting in the
      532 words
    • 511 8 -J 9(bcks Volume 44.723,000 IfctectiUSIOc 38,531,000 Iw Ann 20c 25,931.000 mgtooard US10c 13,236,000 l#diaRing10c 11.154,000 □fcS Land 10,483.000 3j<;eEngg5c 9.534,000 HBtung Inv NT5 8,918,000 8,491,000 CfcewEuHock 20c 8,380,000 A. Stocks S ®gTel 15c 1131,886,232 QfcSGrp 78,414,517 >cCentury 69,551,470 48.165.742 #B 47,501.823 40.834,336 wacraft 10c 39,343,710 Cffia 1 Semiconductor 26c 31,666.016
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    • 245 8  -  HOT STOCK By Wong Wei Kong KIAN Ann Engineering shares rose again in heavy trading yesterday, following their 10 per cent surge last Friday. The stock closed up 5 cents or 8.1 per cent at 67 cents, a new 52-week high. Kian
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    • 145 8 Wednesday, Jam 26 Singapore ♦10.30 am. Press conference and official opening ceremony of PWDAMEC Facilities Pte Ltd 12pm. Launch of HewlettPackard mobile E-Services bazaar in Singapore ♦2pm. EDB industry briefing: electronics ♦6pm. Morley Fund Management Singapore launch of new premises United States Washington: 10am. Senate Banking Committee
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  • Page 8 Advertisements
    • 93 8 r 0 I SEMBAWANG KIMTRANS SEMBAWANG KIMTRANS LTD (Incorporated in the Republic of Singapore on 6 December 1994) INITIAL PUBLIC OFFERING OF 89,600,000 ORDINARY SHARES COMPRISING 26,900,000 OFFER SHARES AND 62,700,000 PLACEMENT SHARES AT $0.20 FOR EACH SHARE Application for the Shares may be made on printed Application Forms referred
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    • 75 8 Short of cash to invest? Triple your cash with our Margin Financing l Call DBS investor Online at 323-3955 today. §8 DBS BANK Larry Wee's currencies column is on Page 30 The course of true love never did run smooth. With so many beauties on display in v The Straits
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  • Page 9 Advertisements
    • 240 9 Citibank M3.n3.gcr Sclcction Program Investment managers vary greatly in their styles, the risks they take, the returns they generate and the type of securities they hold. Evaluating them takes time and expertise that even some astute investors lack. Recognizing this, we're pleased to introduce the Manager Selection Program a premiere
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  • Page 10 Advertisements
    • 119 10 r •H* This announcement appears as a matter of record only f January 2000 Wm• 7 Horizon.com Limited (Incorporated in the Republic of Singapore on 18 September 1999) INVITATION IN RESPECT OF 14,000,000 NEW SHARES OF $0.05 EACH COMPRISING:(a) 4,200,000 OFFER SHARES AT $1.88 EACH BY WAY OF PUBLIC OFFER;
      119 words
    • 806 10 fT: m• Horizon.com Limited (Incorporated in the Republic of Singapore on 18 September 1999) INVITATION IN RESPECT OF 14,000,000 NEW SHARES OF $0.05 EACH COMPRISING:(a) 4,200,000 OFFER SHARES AT $1.88 EACH BY WAY OF PUBLIC OFFER; AND (b) 9,800,000 PLACEMENT SHARES BY WAY OF PLACEMENT, COMPRISING:(i) UP TO 1,400,000 RESERVED
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  • Page 11 Advertisements
    • 395 11 JEWELLERY NIGHT SALE I I 26 th Jan to 3 rd Feb 2000 I I 10.30 am until 12 midnight I I A NEW SHOPPING EXPERIENCE FOR OUR VALUED CUSTOMERS I B We have just brpught in a huge quantity of internationally certified diamonds and designer B \diamond jewellery, all
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  • SINGAPORE news
    • 408 12  -  EDB expects strong growth to continue this year with $3b investments seen By Andrea Tan SINGAPORE'S chemical cluster output rose 16.2 per cent year-on-year to $30 billion in 1999 and the Economic Development Board (EDB) is upbeat that the growth
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    • 406 12 Central Provident Fund is streamlining the pcocess for transactions settlement, in line with the £psiding reduction of the settlement period for share tradFrom March, the trades settlement period will be shortened to three working days from the current five. -K From March
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    • 446 12  -  Total arrivals np 11.5% last year, with Indonesian market posting a 30% jump By, Jeanette Pang SINGAPORE'S tourism industry is kicking off the new millennium on the right note with a ground-breaking record thanks largely to Singapore Tourism Board (STB)'s Millennia Mania promotion.
      FILE PHOTO  -  446 words
    • 321 12 JURONG Town Corporation (JTC) yesterday announced several senior management changes, and said its assistant chief executive officer Chong Siak Ching was now deputy chief executive officer. Ms Chong, who is credited with playing a key role in drawing up JTC's Industrial Land Plan for the
      321 words
    • 369 12  -  INSTITUTE OF POLICY STUDIES SBMOIAM Audrey Tan SINGAPORE trails behing Taiwan and Hongkong in terms of its readiness for the new economy, said Tan Kong Yam, head of the National University of Singapore's department of business policy and chief economist
      369 words
    • 455 12  -  Mega mergers threaten to sink the smaller boats By Francis Kan THE trend of mega mergers among industry giants will threaten to sink the smaller boats of the new economy, said BT Editor Patrick Daniel. "Previously
      455 words
    • 241 12 HOMEGROWN Angel Capital Group has forged a $10 million tie-up with Swisher International, a leading hygiene franchise company, to clean toilets and get rid of pests in the Asia-Pacific. The private equity and financial advisory firm and US-based Swisher yesterday formally
      241 words
    • 343 12  -  l=tt=J on the economy outlook By. Anna Teo WITH strong boosts like the latest telecommunications deregulatory blitz, the Singapore economy could grow 7-8 per cent this year, "easily exceeding" its own forecast of 6.2 per cent, says an upbeat SG Securities. Another wave of
      Source: SG Securities  -  343 words
    • 318 13  -  MAILBOX Denis Distant Singapore SINGAPORE Exchange (SGX) has relaxed the control over the issue of additional shares by listed companies by way of bonus, rights and splits. Some companies have taken advantage of this and issued shares without reference back to the shareholders
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    • 121 13  -  Raymond Chow Vice-President Head, Corporate Communications Singapore Exchange WE refer to the letter, "Declare dividends in dollar terms", by Goh Kok Siong on Jan 21. When a dividend is announced by a listed company, the par value of its shares is normally provided. Investors can then compute
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    • 346 13  -  Siew Tong Chai Singapore I WOULD like to respond to Jai Tan's letter, "Best person to manage your money is yourself' (BT, Jan 22). He questioned the usefulness of the fund management industry in general, and the fund manager in
      346 words
    • 466 13  -  KepLand pays $123 m for Viewpoint Condo; Grange Gdn goes to Wing Tai for $80m By Kalpana Rashiwala IN the latest collective sale deals, Keppel Land has bought Viewpoint Condominium for $123.3 million and Wing Tai has just been awarded Grange Garden
      FILE PHOTO  -  466 words
    • 212 13 TECK Chiang Realty will be launching the second phase of its Dunman Place freehold condo this weekend at an average price of $838 per sq ft. This is about 44 per cent higher than the $580 psf the first phase fetched
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  • Page 13 Advertisements
    • 51 13 E-mail: btletter@sph.com.sg You can email us at btletter@sph.com.sg or fax us at *****71, or mail your letter to The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. Please give your full name, address and telephone number. Uofcittj fcv <xv) easier waj) post •tended o* Une Just click www.wizoffice.com
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    • 63 13 "O; Ja Pt J»t »i s Just dick www.wizoffice.com /Jv Wi2office.com r Offlct (Mot) 1999 was a Year of Recovery in Asia. Unique corporate situations require unique financing solutions. From capital raising, to restructuring, to mergers and acquisitions. It's what you would expect from the bank named by IFR as
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  • EDITORIAL & opinion
    • 780 14  -  1 bottom line OPINION michael lewis Michael Lewis, the author of 'Liar's Poker' and 'The New New Thing', is a columnist for Bloomberg News. His opinions are not necessarily those of Bloomberg News Bloomberg FEW of us are immune to the allure
      Bloomberg  -  780 words
    • 115 14 'America, I don't believe, is developed enough and sophisticated enough to deal with the sensitivity of human beings/ -Mike Tyson boxer, now in London for a match. 'We have been blamed for drugs for so long now. We don't want to be blamed forever.' Colonel Kyaw Thien
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    • 574 14 EDITORIAL ASIA'S unhappy experience with US-based hedge funds has been that they are fully capable of causing the collapse of a vulnerable country's economy by instigating the relentless and merciless short-selling of its stock market and currency. But hedge funds may well turn out to
      574 words
    • 920 14  -  Govt, business and consumers are at war over rounding up of prices when the tax starts on July 1 By\ Manjit Bhatia The writer is lecturer in political economy at the University of Queensland in Australia AUSTRALIAN Prime Minister John
      FILE PHOTO  -  920 words
    • 1034 14 llftldliffhft "THE US gives me a headache," an Egyptian economist friend remarked to me. "The US is a tremendous country you can say or do anything. I love the freedom of the press, and all the people who care about whales. You even impeach your president.
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  • MALAYSIA news
    • 335 15 KUALA LUMPUR AFX Asia Bernama TIME Engineering Bhd said yesterday it applied for an extension to the restraining order against its creditors which expires on Jan 28, supported by an alternative restructuring plan which includes the listing of its unit TIME
      AFX Asia; Bernama  -  335 words
    • 568 15  -  Total new investment applications fall 26%; foreign ones down 29% f-Yttw Diana Oon Abdullah in Kiutla Lumpur ECONOMIC problems in investing nations, such as Japan, resulted in a decline last year in Malaysia's manufacturing investments for a third consecutive year. Minister for
      FILE PHOTO; Source: M'sian Industrial Devt Authority  -  568 words
    • 397 15  -  Nod for it to start dne diligence on merger with Utama hYttnt. Eddie Toh in Kuala Lumpur THE Arab-Malaysian banking group, earlier sidelined by the Malaysian authorities, is set to emerge as an anchor bank in the consolidation of the banking sector. Arab-Malaysian last
      397 words
    • 58 15 [KUALA LUMPUR) Riot police flanked Anwar Ibrahim supporters holding posters and shouting "reformasiMalay for reform while police led the ousted deputy prime minister out from the courthouse after trial yesterday. Anwar, who has challenged Prime Minister Mahathir Mohamad's 18-year rule and is expected to launch more attacks
      AP  -  58 words
    • MARKET moves
      • 67 15 TIME Engineering continued to hog the limelight amid talks that its creditors have agreed to its restructuring plan to retire loans amounting to RM4.5 billion (Ss2 billion). The counter rose 38 sen to RM3.68. Its warrants were even more impressive, jumping by 53 sen to RM1.90
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      • 71 15 TIME Engineering's parent, Renong Bhd, can now breathe easier following the big jump in the share price of Time Engineering and its other quoted assets. Renong rose 19 sen to RM3.06 yesterday. The marked improvement in Renong's share price has also helped United Engineers Malaysia, which
        71 words
      • 55 15  -  Compiled by Eddie Toh ARAB-Malaysian Corp gained 49 sen to RM3.46 on expectations that a company in its stable, Arab-Malaysian Merchant Bank, is set to clinch a slot in the consolidation of the Malaysian financial sector. All financial institutions have to sign tentative merger pacts by
        55 words
    • 220 15 Reuters [KUALA LUMPUR] Malaysian Trade and Industry Minister Rafidah Aziz said yesterday the Cabinet has not discussed the review of the ringgit currency peg. "At the moment we aren't talking about it. even at the Cabinet level," the national Bernama news agency quoted
      Reuters  -  220 words
  • Page 15 Advertisements
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  • SOUTH east asia
    • 671 16  -  Shake-up expected to include four state banks, Garada and Pertamina From\ Sboeb Kagda in Jakarta IN a further indication that President Abdurrahman Wahid is moving swiftly to consolidate his control over Indonesia's beleaguered economy, the heads of eight large state-owned
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    • 85 16 JAKARTA Reuters INDONESIAN President Abdurrahman Wahid has signed a decree retiring senior minister General Wiranto from the military in an attempt to cut off his power base, a senior military source told Reuters yesterday. The move would have no impact on his position as
      Reuters  -  85 words
    • 479 16  -  Acquisition of the small brokerage is part of group's regional expansion By 1 Harish Mehta, Siow Li Sen UNITED Overseas Bank yesterday said it bought 100 per cent of Ocean Securities Co Ltd, a small Thai brokerage as part of its regional expansion. UOB joins
      479 words
    • 519 16 JAKARTA 1999 net profit was over 500b rnpiah doable initial target of 278b rnpiah Reuters INDONESIAN state airline Garuda, battered by the Asian meltdown and the fallout of violence sweeping the country, said yesterday it had stemmed the slide and sees a return to
      Reuters  -  519 words
  • Page 16 Advertisements
    • 250 16 I the new thinkpad 570.a11-for-one. $4599 gg 1 X i? O Q) S| §1 o o <0 (/> <° f I o k JJ (*rt?<j<Se) 40Hlfc is Eg. o (©e-business tools The thinkpad 570 Pftlt H®7l li Here's how it works Just slip the new. ultralight, superthin 1" thin Up
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  • EAST asia
    • 444 17 BEIJING The USss.2b drop to USs4o.4b is less than the USslob fall predicted by Zhn Bloomberg, AFP CHINA'S foreign investment inflows fell less than government expectations last year, after a pick-up in investment in the final months of the year, official
      Bloomberg,; AFP  -  444 words
    • 286 17 NEW YORK Reuters CHINA could raise the corporate tax rate for foreign banks later in the year, a move that could hurt profits for some foreign banks, central bankers and government economists told the Wall Street Journal. The change is part of
      Reuters  -  286 words
    • 87 17 [BEIJING] Young students about to graduatefrom college in China reading brochures from various employers yesterday at one of the country's largest jobfairs being held in Beijing. China is heading toward an unemployment crisis as the number of college graduates continue to exceed employment opportunities,
      AFP  -  87 words
    • 543 17 HONGKONG S'pore developers lagging far behind; HK seen getting greater edge to be region's technology hnb Reuters HONGKONG property companies are leading their Asian counterparts in Internet-related investment, Salomon Smith Barney's head of regional property research said yesterday. "Our analysis of
      Reuters  -  543 words
  • Page 17 Advertisements
    • 168 17 Jardine Fleming Working with today's stars and helping tomorrow's winners to achieve their financing needs Share placement A Bookrunner Share placement ■^^gp Convertible bonds Bookrunner JIT Holdings hare P lac^ emen Total amounts raised from 1993 to 1999 1 Morgan Stanley Dean Witter 1.752.87 2 Jardine Fleming/Robert Fleming &Co Ltd
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  • FOCUS indonesia
    • 2526 18 Stronger leadership and better policymakers are needed to pull the country out of its rut says Bank Indonesia's senior deputy governor Anwar Nasution ANWAR Nasution, one of the most outspoken economists in Indonesia, has grown more acerbic despite having been picked by the country's Parliament as
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  • Page 18 Advertisements
    • 33 18 P-jz-mztf Millennium c SPECIAL Currency Centre Table In Fossil Stone W|(P V Head Office and Showroom: 608 Martin Rd, Trade Mart Singapore, #08-05 A Riverside Block. Tel: 738 4541, Fax: 738 4504 www.fossil.com.sg
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    • 16 18 Be Informed Stay Ahead Of The Latest Trends In Shipping Times SPECIAL FEATURE 27 January, 2000
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    • 25 18 Classified First. Want to pick up a new hobby? Or simply join the paper chase? Lesson number one: Check The Straits Times Classified First. i
      25 words

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    • 75 19 NOKIA Connecting People BE&I k*J Hk: n Piifp The new Nokia 8850 A very personal pleasure Matt alloy casing. White illuminated display. Voice dialling. The new Nokia 8850. We call this /ltt*H6/#l technology. www.nokia-asia.com Experience the Nokia 8850 at the Nokia Professional Centres. Nokia Priority Dealers, Handphone Shop, Ml shops,
      75 words

  • SOUTH asia
    • 494 20 NEW DELHI Bot planned listing of MTNL's shares on NYSE still on schedule Bloomberg, Reuters INDIA may delay the sale of a portion of its shares in Mahanagar Telephone Nigam Ltd, the country's biggest fixed-line phone company, which could
      Bloomberg,; Reuters  -  494 words
    • 143 20 BOMBAY Reuters INDIA is expected to get about US$l.25 billion (Ss2.l billion) in venture capital investment this year with the largest portion going to technology firms, a fund adviser said yesterday. "The total committed capital for venture capital in India is about one-and-a-quarter
      Reuters  -  143 words
    • 331 20 COLOMBO Reuters SRI Lanka is hoping to raise up to US$4OO million (Ss67o million) through a listing of shares of Sri Lanka Telecom, the island's main phone utility, as part of its privatisation plan, according to a senior government official. "We
      Reuters  -  331 words
    • 80 20 [MADRAS] A worker cleaning a statue of Mahatma Gandhi here on Monday ahead of today's Republic Day celebrations. Meanwhile, a security blanket enveloped the country yesterday amid fears of terrorist strikes by separatist groups and Muslim militants. Apart from the capital New Delhi, where the annual
      AP  -  80 words
    • 268 20 NEW DELHI AP THE Supreme Court has banned thousands of industries near the Indian capital from discharging untreated waste into the Yamuna River, newspaper reports said yesterday. "The river appears to have been ruined," said judges B N Kirpal and S Rajendra Babu
      AP  -  268 words
    • 172 20 COLOMBO Reuters SRI Lanka has decided to secure a minimum loan of US$5OO million (SsB4l million) from the International Monetary Fund (IMF) for its pending reform programme, the local Daily Mirror said yesterday. The newspaper quoted a top finance ministry official as
      Reuters  -  172 words
    • ASIA Notes
      • 98 20 AFX-Asia [BOMBAY] India's finance ministry is likely to cut import duty on crude oil to 15 per cent from 20 per cent in the federal Budget for the year to March 2001, the Business Standard said. The report quoted government officials as
        AFX-Asia  -  98 words
      • 97 20 AFP [DHAKA] US oil giant Mobil and the Bangladesh state-run Jamuna Oil Company are setting up two major lubricant oil and liquified petroleum gas plants here, The Financial Express daily reported yesterday. It said the deal was worth 1.2 billion taka (Ss4 million) and
        AFP  -  97 words
      • 89 20 NYT [WASHINGTON] The United States now believes a terrorist group supported by the Pakistani military was responsible for the hijacking of an Indian Airlines jet last month, a judgment that puts Pakistan at risk of being placed on Washington's list of nations that support terrorism, Clinton
        NYT  -  89 words
      • 72 20 AFX-Asia [BOMBAY] NUT Ltd is entering an alliance with Microsoft Corp to undertake strategic initiatives in software development, an NIIT spokesman said. Details of the alliance will be announced tomorrow, he said. Industry sources said NIIT is also in talks with six other international
        AFX-Asia  -  72 words
  • Page 20 Advertisements
    • 136 20 Beware of imitation: CASIO cannot guarantee any product not molded with words "CASIO" on the Back Cover Sales Service: Marco Corporation Pte Limited 315 Outram Road #01-09 Tan Boon Liat Building Singapore *****74 Tel 221 6433 Available Exclusively at G-FACTORY All Watches #01-16 Parco Bugis junction TAKASHIMAYA G-SHOP: Chew CheongTime
      136 words

  • WORLD news
    • WORLD Watch
      • 55 21 Reuters [NEW YORK] Long distance telephone company AT&T Corp said yesterday that net income fell 42 per cent as acquisition costs and declining sales to consumers offset strength in wireless and cable television businesses. Its fourth-quarter earnings fell to US$l.l5 billion (Ssl.9 billion), or 36
        Reuters  -  55 words
      • 71 21 Reuters [STAMFORD] COPIER maker Xerox Corp reported fourth-quarter earnings fell 52 per cent from a year earlier, roughly in line with reduced expectations, and said that improvement may not come until the second half of2ooo. Fourth-quarter net income was US$294 million (***** million), or 41
        Reuters  -  71 words
      • 52 21 Bloomberg [CINCINNATI] Procter Gamble Co said that fiscal second-quarter profit rose 11 per cent on higher sales from new products and a recovery in Asia. Profit from operations rose to US$l.26 billion (Ss2.l billion) or 88 US cents a share, for the quarter ended Dec
        Bloomberg  -  52 words
      • 83 21 Reuters [LONDON] Britain's core inflation rate remained steady at 2.2 per cent in December, the ninth month in a row it has been below the Bank of England's 2.5 per cent target, official data showed yesterday. But the rate had been expected
        Reuters  -  83 words
      • 51 21 Bloomberg [NEW YORK] Merrill Lynch Co's fourth- quarter profit more than doubled to a record as a boom in mergers and stock underwriting boosted investment banking and trading recovered from year-ago losses. Its net income rose to US$764 million (Ssl.3 billion) from US$359 million previously.
        Bloomberg  -  51 words
      • 41 21 Bloomberg (IRVING, Texas] Exxon Mobil Corp said fourth-quarter earnings rose 34 per cent on higher oil and natural-gas prices. Profit from operations rose to US$2.7l billion (554.6 billion) or 77 US cents a share. Bloomberg
        Bloomberg  -  41 words
      • 39 21 Bloomberg [NEW YORK] Standard Poor's said it will add Harley-Davidson Inc and Biogen Inc to the S&P 500 Index trading ends on Friday. They will replace Foster Wheeler Corp and Fleetwood Enterprises Inc. —Bloomberg
        Bloomberg  -  39 words
      • 69 21 AFP [MADRID] World tourism rose 3.2 per cent in 1999, boosted by sharp growth in the Asia-Pacific region, the World Tourism Organisation said yesterday. The 657 million tourists visiting foreign countries accounted for US$455 billion (***** billion) in revenues, up 3.2 per cent from
        AFP  -  69 words
    • 842 21  -  Prom Leon Hadar in Washington IN what is considered to be the first round in the 2000 US presidential race, voters in the small state of lowa taking part in the Democratic and Republican caucuses have provided the two frontrunners Democrat A 1 Gore
      REUTERS,AP  -  842 words
    • 452 21 NEW YORK The all-time high 144.7 index reflects high stock market, low joblessness Bloomberg US consumers this month expressed their highest level of confidence in the economy since record-keeping began 32 years ago, Conference Board figures showed yesterday. The consumer confidence index climbed to 144.7
      Bloomberg  -  452 words
    • 354 21  -  US rejects developing countries' call to delay lifting of trade constraints From 1 D Ravi Kanth in Geneva LED by Malaysia, several developing member nations of the World Trade Organization remained at odds on Monday with the US, the European Union, Japan, and
      354 words
    • 132 21 TOKYO Bloomberg [TOKYO] Dai-Ichi Kangyo Bank Ltd, Japan's second largest bank by assets, said it will merge its nine insurance agents by the end of April, creating Japan's biggest insurance agency in terms of annual insurance premiums. DKB will combine its affiliated insurance agencies
      Bloomberg  -  132 words
    • 334 21 mLONDON It thinks valuation floor is 75% below current levels Reuters INTERNET stock investors should recognise that "what looks like a bubble probably is", Merrill Lynch said in an in-depth report on the European and US sector, but it remained optimistic on the
      Reuters  -  334 words
    • 393 21  -  ttyi Anna Teo THE year 2000 will be a vintage year for Asia as the recovery broadens, says SG Securities, highly bullish on the region. But some wildcards remain, and there could be a return of "hot money dilemmas" as the regional
      393 words
    • 771 22 NEW YORK Daw predicted to jump 13% to 13,000 and Nasdaq by 23% to 5,000 even as stocks suffer huge losses on Monday Bloomberg US stocks suffered their biggest losses in three weeks on Monday on concern that companies such as
      Bloomberg; AFP,AP  -  771 words
    • 412 22 WASHINGTON Bloomberg THE National Association of Securities Dealers reduced by half a US$l million (Ssl 7 million) fine that it had imposed on Morgan Stanley Dean Witter Co for allegedly manipulating the price of some stocks in the Nasdaq 100 Index.
      Bloomberg  -  412 words
    • 170 22 WASHINGTON Reuters THE World Bank said on Monday that one of its most senior experts involved in loans to the private sector would take charge of ties with Asia and the Pacific as the new vice-president for the region. A statement said Jemal-ud-din Kassum,
      Reuters  -  170 words
    • 292 22 PHILADELPHIA Bloom berg US newspaper companies have failed to persuade a federal judge to block the Southeastern Pennsylvania Transit Authority from distributing a free newspaper on its trains and buses. US District Judge Robert F Kelly in Philadelphia refused on Monday to
      Bloom berg  -  292 words
    • 362 22 TOKYO This is the sth straight gain after 15 months of decline WORLDWIDE sales of equipment used to make microchips more than doubled in November, the fifth straight gain after 15 months of decline, further evidence of a recovery in the global chip
      362 words
    • 373 22 TOKYO US firm makes its Ist offer, rival GM sweetens its proposal to Japanese carmaker Reuters COMPETITION to get Toyota Motor Corp, the world's third-largest automaker, to join rival Internet global parts supply networks heated up yesterday with Ford Motor Co
      Reuters  -  373 words
  • Page 21 Advertisements
    • 93 21 Years of specialized experience. Now it's time to go back to school. Join us in Singapore 2000 to The Michigan Business School has find solutions to your 75 years of history delivering business problems effective solutions to top business executives •Strategic Marketing Planning February2l-25,2000 Finance for the Norvfinancial Manager February
      93 words


  • FINANCE & commodities
    • 292 23  -  SGX Derivatives Tmßhugßeports MSCI Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market ended weaker yesterday, hit by the sharp overnight losses on Wall Street and the revival of US rate hike fears. Singapore Telecommunications bounced back with a 5.26 per cent
      292 words
    • 289 23  -  MS& Taiwan futures Seow Hock Hin Refco Singapore MARKET players were apparently undaunted by the overnight sharp correction in the Dow and the Nasdaq. After opening lower yesterday, the market managed to recover steadily to close near the high of the day
      289 words
    • 140 23 ENERGY REPORT Bloomberg INEW YORK] Crude oil yesterday fell for a second day as warmer weather forecast for early next week in the US is expected to reduce demand for heating fuels. Temperatures will be normal throughout the country next week except in
      Bloomberg  -  140 words
    • 331 23 Reuters New York THE euro fell below one to one with the dollar yesterday, slipping through the historic level for the second time in seven weeks as hopes for a rebound in US stocks helped accelerate early morning selling. The euro dipped as low as U550.9988, according to
      Reuters  -  331 words
    • 1957 23 SICOM FUTURES .to a: RUBBER (futures closing a at 5.30pm) RSS1 CONTRACT<S ccots/kq) Close Volume Open Month low Sett (tonnes) Interest Feb 00 114.75 ioo •<*00 119.00 118.50 ***** 700 1500 Apr 00 ***** 00 124.25 RSS3 CONTRACT (US cents/kg) Volume Open onth Low Sett (tonnes) Interest FA 00 67.00
      1,957 words
    • Article, Illustration
      1139 23 interbank cross rates Jan 25 Bwb Euf0 T JL Dw HK S B ""pm» Vw woo BH NZ$ P* 8s Ptso S$ Band Sfr NT$ BUt Pound USS fiwUl'' < Acr 6.178 0.652 4.276 1.275 5.108 28.615 48.063 0.695 7.401 2.495 1.287 34 043 26 553 1106 4 045 1
      1,139 words

  • STOCKS east asia
    • 2869 24 HONGKONG AFP Q Hang Seng -6451 HONGKONG share prices fell 0.4 per cent yesterday on a weaker US market but buoyed by merger talks between Cable and Wireless HKT and Singapore Telecommunications, dealers said. Ricky Tam, analyst at Delta Asia Securities, said that
      AFP  -  2,869 words
    • 364 24 AFP □wp Index -14.7 TAIWAN share prices closed 0.2 per cent lower yesterday as investors locked in profit amid cautious sentiment ahead of the Chinese New Year holidays, dealers said. The Taiwan Stock Exchange Weighted Price Index moved down 14.7 points to 9,372.37, following a 1.4 per cent rise
      AFP  -  364 words
    • 2032 24 TOKYO AFP Q Nikkei 225 -16U8 SHARE prices in Tokyo closed 0.8 per cent lower yesterday as investors sold information and high-technology issues after their US counterparts fell, brokers said. The key Nikkei average of 225 selected issues fell 161.18 points to end at 18,895.53
      AFP  -  2,032 words
    • Article, Illustration
      1039 24 Reuters CI Shenzhen B Index -0.68 SHENZHEN'S hard currency B shares closed lower on expanded volume yesterday as domestic brokerages sold before the Lunar New Year, brokers said. The B share index lost 0.68 of a point, or 0.8 per cent, to 84.44 points as turnover rose to HK539.5
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,039 words
  • Page 24 Advertisements
    • 62 24 HOME IN ON HDffS \CO j second bond issue and :nrl BUILD UP YOUR 1 investment portfouo I UnetUtmted I IPO. Shares. Bonds. Stocks. Annual Reports. EQ I I Whatever you're offering, we help you reach out I to 86.7% of all adults In Singapore dally. j t>w&*- 0 The
      62 words

  • STOCKS klse
    • 8927 25 INDUSTRIALS Consunw product! T°°° L««t Vol Day N.t Cap Low Co«npT Salt -QOO High L— P/t jam 372 310 Ajinomoto 370 »< mnn *16 91 Angfcasa 107 -4 45 108 104 1S7 ft 2975 2725 B2T'Sv" 0 378 2 17 380 376 9 0 ,5 2 BOO 7S 2975 25
      8,927 words
    • 444 25 AFP AFX Asia CI Composite Index -2.44 MALAYSIAN shares closed 0.3 per cent lower yesterday on profit-taking but bargain-hunting in selected stocks lifted the market off its lows, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 2.44 points to finish at 952.06,
      AFP; AFX Asia  -  444 words
  • Page 25 Advertisements

  • SGX clob & regional stocks
    • 3453 26 BONDS WARRANTS Wt Wnts fnmj t.try U-«m* Lnt Vei CUT iMlOwt* *M nim4 Can tier Dm HMt N# Lot Sin CM»Mf Mt *er- COM) W# Lot Bqa Mhi Mc* mMIMh Mm t%» «iiiU|7 la* 104 KK5 t 3160 A Acer******1 USS 41.5 unch 18 41.5 41 41 41.5 33.1 1
      3,453 words
    • 312 26 AFP fl Composite Index -35J55 THE Korea Stock Exchange Composite Index yesterday closed down 35.55 points at 891.22. Volume was 240.9 million shares worth 2.7 trillion won. —AFP An«n S»mt 9900 -550 Br«nTtch._ "OS -65 C»ntr«l Bw* 2775 25 CMMCom* ***** 9000 DM Go Bf* 2885 -»5 Ojtiinq Corp
      AFP  -  312 words
    • 288 26 AFP Q Manila -&28 PHILIPPINE share prices closed 0.4 per cent lower yesterday on concerns over higher US interest rates and domestic policies, analysts said. The Philippine Stock Exchange Composite Index declined 8.28 points to finish at 2,047.28. AFP Ja«2S Nm (000) MRC Allied.. 0.67 unch 0 Abie us
      AFP  -  288 words
    • 293 26 AFP CI Wellington -15.84 A DROP on Wall Street combined with a general lack of offshore interest in New Zealand stocks to undermine local shares yesterday. The NZSE-40 Capital Index closed down 15.84 points or 0.8 per cent at 2,063.32 on light turnover worth NZ566.7 million. AFP Jmli Ui
      AFP  -  293 words
    • 610 26 AFP n All Ordinaries -18 AUSTRALIAN shares closed down 0.6 per cent yesterday thanks to losses across the market following falls on Wall Street, brokers said. The All Ordinaries Index fell 18 points to 3,078.60. The All Industrials Index closed down 26.6 points at 5,309.00 and the All Resources
      AFP  -  610 words
    • Article, Illustration
      792 26 AFP CISETIndex -4 THAI share prices closed 0.8 per cent lower yesterday, pulled down by weakness on Wall Street overnight and concerns over a widely-antic-ipated US interest rate hike next month, dealers said. The benchmark Stock Exchange of Thailand Index shed four points to close at 473.22. Volume was
      AFP  -  792 words
    • Article, Illustration
      674 26 AFP n Composite Index -&86 INDONESIAN share prices closed marginally lower yesterday in line with regional market weakness and concerns over a possible US interest rate hike, dealers said. Dealers said investors were waiting for the results of the ongoing visits of President Abdurrahman Wahid and Vice-President Megawati Sukarnoputri
      AFP  -  674 words
  • Page 26 Advertisements

  • 9336 27 inn ijiu mwarn SGXMAINBOARD Transaction date: Jan 25 Or Gr M Wt 52-Wk Last Vol Day Last Ouote Dlv Dlv YM Nat Cap Avg Low StNo Company Sale COOO) High Low Buyer Sailor C'»r P/E Smll Price MULTI-INDUSTRY 182 67 mc lOOOAcmaSOe 09 -3 604 122 118 122
    9,336 words
  • Page 27 Advertisements

  • EXEC lifestyle
    • 873 28  -  Films nominated by the Directors' Guild included the traditional and the avant-garde, write robert w welkos and susan kzkg ROBERT W WELKOS,SUSAN KING LAT-WP PILMS that pushed the director's craft were nominated on Monday for outstanding directorial achievement by the Directors Guild of America (DGA).
      LAT-WP; PHOTOS AFP, AP, REUTERS  -  873 words
  • Page 28 Advertisements
    • 1877 28 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ROXENVLLE INVESTMENTS PTE LTD (IN MEMBERS'VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the aoovenamed Company held at Level 2 Lotemau Centre, Vaea Street, P 0 Box 3271, Apia, Samoa on the 19th day of
      1,877 words
    • 343 28 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 HOf LAND DELTAFLEX (FAR EAST) PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordmary General Meeting of the Company deemed to be held on 20 January 2000 at 32 Gul Avenue. Singapore *****2. the following resolutions were duly passed: 1. SPECIAL RESOLUTION
      343 words
    • 15 28 Your Suture is your concern a start to your future To JUlvtftiM: Coll 1100-741 1183
      15 words

  • Page 29 Advertisements
    • 690 29 Where to wine, dine and entertain..."""* 1 <>>fcS -Offering the lowest interest rate in town 4545 AWARD Ml WINIH DINNER 6.30pm 10.30pm Price lubject to 10% letvice charge and fi i ailim government twa. mmx 76 Bras Basah Road, Singapore *****8 Teh Fax: 139-6866 Web-site http://www.cariton.com.sg E-mail: Rettaurants9Carlton.com.sg i sma
      690 words
    • 169 29 Fresh oysters, delectable lobsters, savoury honey-gla/cd ham. U S Prime Rib of H jmfm 5 *1 *Sr f man V more mouth ni?' y jgM watering dishes to leave you dinlng mm a t is best Lunch: 12 noon 2.30pm j Dinner: 6.30pm 10.00pm Reservations: 831-6271/88 -Jfcr- J 111 C
      169 words
  • Page 29 Miscellaneous
    • 654 29 i ne Business i imes, Wednesday, January zt>, zuuu h/1 I, Premiere 12 News 5 Tonight. Garden. News. r 1000 ER: Responsible 5.05 Healthy Eating. 12.45 PMInfoTVI. S 3 30 n^O y"^ons eroia Parties (See Our 5.30 Magic Mountain. LOO Bisnes Malaysia. HpE Kidz Blitz: 1100 ules V 202 Primarama*Tarian
      654 words
    • 294 29 CRYPTIC CROSSWORD ACROSS 4 No very satisfactory corner (4) 1 Give voice about the French 6 Not allowed to put down the sum pages striking (8) (6) 5 Greek island doctor's creation (6) 7 Tare's many a tin in a damaged 9 A form occasioning must disgust s a e
      294 words

  • MONEY matters
    • 1051 30  -  l-l I comment CURRENCIES But short-term S$ 1.6850 cap may prove brittle, despite Dow worries larry wee INTEREST rate worries in the US continue to plague US asset prices, and lend an uncomfortable feel to the greenback. The Dow, in particular, has had a
      Reuters; Source: Hypovereinsbank  -  1,051 words
    • 717 30 THE Malaysian ringgit will remain pegged at 3.8 to the US dollar this year, although there has been a low-frequency buzz among market players that it could well be re-pegged or floated sometime this year. And, despite the upward revisions
      717 words
  • Page 30 Advertisements
    • 355 30 Gear up for 10% p.a.* interest rates wJ on your Singapore Dollar Deposit H Jm Pair your Singapore Dollar with the Japanese Yen and make same v j With up to 10 world currencies to choose from, you can select one t jj j. 1 base and one alternate currency
      355 words

  • SHIPPING TIMES
    • 135 31 Bridge News Reuters PANAMAX rates in the Atlantic continued to fall back particularly from the US Gulf, where weaker levels were seen in some key grain trades, brokers said. The Baltic Dry Index (BDI) fell six points to 1,378, the Baltic Panamax Index dropped 19 points to 1,400,
      Bridge News; Reuters  -  135 words
    • 279 31 Jma St 11 CWT Distribution 1.19 uncti 27 OiusnHtg> 0J9 0.01 4689 Cosco Investment 1.03 -O-OI 42 Freight Links OM unch 265 08 Holdings 0.as -0.01 to HM Sun Hup 0.79 -aoi 282 IMC HaMnqs-HK 5.60 uncti 0 JeyeHokSngs 1.18 -aoi 149 Jurone Shipyard 1.62 unch 0 Kapp**
      279 words
    • 467 31  -  Container terminal, opened only last March, set to handle 300,000 boxes this year By. Ann Toh [SINGAPORE] The PSA-man-aged Aden Container Terminal (ACT) expects to almost quadruple throughput to 300,000 boxes this year, after handling a creditable 80,000 boxes last year. The container terminal
      467 words
    • 72 31 [MARSEILLES] The Global Mariner, which left London on July 1,1998, on a world tour with stops in 80ports, docks in the southern French port of Marseilles following a protest by members of the French communist union CGT. The union accuses the ship, belonging to the
      REUTERS  -  72 words
    • 291 31  -  By. Marcus Hand [SINGAPORE] PSA Corp's Singapore Cruise Centre (SCC) international terminal handled over one million cruise passengers for the second year running in 1999. Despite crossing the million mark for the second time, the number of cruise passengers at PSA international passenger
      291 words
    • 734 31  -  STRAIT TALE By I Seafarer AT first sight, last year was a depressing one for those organisations committed to stamping out piracy. The International Chamber of Commerce's International Maritime Bureau (1MB) reports that reported attacks worldwide were up nearly 40 per cent last year
      734 words
    • SHIPPING news
      • 627 32 Asia's largest cruise ship operator hopes lower-cost tours will win over Japanese travellers Bloomberg [TOKYO] STAR Cruises, Asia's largest cruise ship operator, says it will try to outdo its competitors in Japan by offering lowercost cruises to lure more Japanese passengers. Hongkong-based Star, which will
        Bloomberg; FILE PHOTO  -  627 words
      • PORT Shots
        • 103 32 NORWEGIAN shipping group Bergesen has bought four VLCCs being built by Hitachi whose contracts from Golden Ocean were cancelled as a result of Golden's money troubles. The price paid works out at U5565.7 million (Ssllo million) per ship, less than the current market rate. The first
          103 words
        • 110 32 THE administrator of the Marshall Islands shipping register has taken steps to attract new owners to the flag. International Registries, which formerly ran the Liberian registry, has decided that all ships registering in the islands by June 30 this year will do so free. The annual
          110 words
        • 73 32 VENEZUELA'S main port of La Guaira needs extensive repairs following devastating flooding which washed 500,000 cu m of mud into the harbour basin, demolished the offices of2oo customs officials and killed customs workers. Despite fears that the port could be shut entirely, most
          73 words
    • 308 32 PAGE Dongnama 3 AMI 3 ECL 4 Accord 8 ECU Line 6 Ahrenkiel 14 Lmes Appenship 5 tw r(M 6 AsiaOCL 13 foon Sun 8 Austral 8 FrtLinks M Avant M G Liok B'tang Mas 8 &fm4rtr4ns 6 BSA 7 Genshpg 13 BTL 14 GIObal 0 Balati
      308 words
    • 19812 39 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vets** Voyage Telephone SIN Dest'n Name Name Number Number SIN Oestn Name Name Number Number 02/02 28/02 COSCO SKY PIVER 0081W 65 *****00 To ABIDJAN (ABJ) 2003 Cote D'lvoire 02/02 28/02 csav csavsantos oms a-znsns 02/02 17/03
      19,812 words
    • SHIPS IN PORT
      • 711 45 Vessel Voy No Berth Arrival Departure Lal>royU2 Nc/31 J02 2V0VO:50 26/01/2:00 Marcopoio 22 Pro 165 JT7 2V0V5J0 26/OV6OO St* ismane moo J* 25/01/6:10 29/01/700 Bt Uryi III ***** J01 25/01/9:10 25/01/16 00 St Sur Sakti ***** J01 25/01/8:45 2V0VW00 SamMewa 2 10 J18 25/01/9:00 26/0V8:00 OtNnvorM 200 J19
        711 words
      • 1978 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy Mo Etb/Btr Period From To From aci maghoua o»b 28/2*00 »/8oo ?y»» hmoo IB ZVWJO 25/1659 25/1900 2A 25/17M 26/0659 26/0*00 21 25/1700 26/0659 26/0900 3 26/0700 26/1159 26/1400 4 26/1200 26/V459 26/1700 AYUBABU 23 27/2300
        1,978 words
      • 200 45 Jan 31 New Zealand: Market and Public Holiday. Auckland Anniversary Day. rebS New Zealand: Public Holiday. Waitangi Day. Germany: Epiphany Day. Sweden: Epiphany Day. Marl 6 Indonesia: Hari Raya Haji. Malaysia: Hari Raya Haji. Singapore: Hari Raya Haji. MarlS Taiwan: Market Holiday for Presidential Election. Apr 4 Hongkong:Ching
        200 words
      • 818 45 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem Market movements are indi cated The Cockett Bunker Price Index change
        818 words
      • 491 45 Crto, 180 Mil 990.5 0.8 19.0 0.08 78 0.06 rwn*rt* Hjiu tKklut Ash Aluminium Sediment 1o Above £25 0 0 20 J** 20 tef es ASK Aluminium o.3 M.I 0.05 36 0.02 380 Mai 992.5 17 17.7 0.09 72 0.05 u/tri m/m h/m rru mm Wo
        491 words
    • AIR & LAND transport
      • 461 46 Four-month dispute to end with services to start by Jan 31 in time for Chinese New Year on Feb 5 Reuters [MANlLA] The Philippines and Taiwan aim to resume direct air links by January 31 and end a bitter fourmonth feud in
        Reuters  -  461 words
      • 447 46 [SINGAPORE] Hongkong authorities are investigating a mid-air close call between a Xiamen bound Silk Air jet and a Dragonair Airbus 330 which was descending towards Hongkong's international airport on Saturday. A Hongkong Civil Aviation Department official said that the two aircraft were on
        447 words
      • 333 46 [HONGKONG] Hongkong Air Cargo Terminals Ltd (HACTL) said on Monday 1999 was a record year for air cargo, helped by a strong US economy, a rise in European shipments and Asian trade, and year 2000 (Y2K) related restocking. HACTL, which handles most
        FILE PHOTO  -  333 words
      • 223 46 AP [LONDON] The first Libyan Arab Airlines plane to land in Britain since 1986 touched down on Monday evening at London's Heathrow Airport, signifying improving relations between Britain and Col Moammar Gaddafi's regime. Britain had accused the state-run airline of supporting terrorist
        AP  -  223 words
      • 1885 46 CITV FLIGHT ETA FLIGHT ETO AJataMa AN8230 1905 Guanvhou S0803 1910 C2352 0635 LH6381 1905 CZ» 2M5 SOW* MB SO230 1905 NmI VW741 1310 VNS0742 0905 Aastrrtaai K***** 0525 KL0838 2335 GA975 1210 AN4328 2345 RL0837 1535 S0328 2345 "891 1110 MI892 0T35 Auckland N***** 2015
        1,885 words
      • 673 46 US govt also expresses concern overissue Reuters [SEATTLE] With rival Airbus Industrie breathing down its neck, aerospace giant Boeing Co has renewed caUs for ending government aid to the European consortium, and US trade officials are listening. Having lost its
        Reuters; FILE PHOTO  -  673 words
  • Page 31 Advertisements
    • 66 31 IT: the wild frontier With the deepening impact of the Internet and e-commerce, businesses around the world are scrambling to get their organisations "plugged-in".This means adopting new business models and deciding what tools will be most effective in helping them realise their goals. Look out for our four-page supplement on
      66 words

  • Page 32 Advertisements
    • 1241 32 I NORTH AMERICA 1 1 EXPORT I I OTHER DESTINATIONS I S3X-SUPER SHUTTLE EXPRESS-DIRECT TO LONG BEACH WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) vfssa wr etasm itdsm umbkmm dmus Houston okago kwtom mcoan *bsh vot HH w-aarml acuwia vmiotaco cowro pt cahma I mwavbitiha I sauna awT musm imsm
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    • 561 32 /dz\ PPZ LINES SEE OUR COMPLETE SCHEDULES ON Fucd-Poy itUduh to JPN, TWN, HKG, PHL (Acophng FCU Id ouraouNp [voy I jkt| pkllpou tm mwl| hko ol |khm osa no to* rat tmz |n»o luwr Ad KAGHOUA om 25.01 W.Ol MJI 01.02 0102 07.02 0102 WM 10-02 11J2 ASOMPKiASUS MOM
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    • 126 32 Lines services represented /.flfHiy Members of the Registry of Accredited Shipping Agents, S'pore Notionol Shipping Assoc LILY LINE MALE I VESSEL VOY ETA [~ITA fltt P. KLAMC SfOtE ttALf Princess Lity VPIOO 26/01 28/01 09/02 Empress Lily VO2OO 16/02 18/02 27/02 Princess Lily VO2OO 27/02 01/03 08/03 ULY MARINE SERVICES
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    • 6 32 Members of the Singapore Logistics Association
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  • Page 33 Advertisements
    • 1152 33 TO EUROPE FROM EUROPE VBSa VOT SH BTM AMR HAW BRV SOU FIT lIH IIvESSa VOT ItTW Ail HAJW BRV SOU FIT UH Si] HYADMMAI 324W 27/01 19/02 16/02 17/02 14/02 HY EMPEROR 322E 07/01 01/01 11/01 05/01 29/01 MX CORAL 012W 28/01 13/02 15/02 U/02 19/02 LA LOWE *****9/01
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    • 1938 33 HANJIN SHIPPING mJr I 4 MsMyaLot -U> *****30 hmuwswp>mo(S)fnm> h* >»*. »> kwmnc *****35?37 was *****74 731 docuhht ********** omunons ********** mainum *****55 nu rmw an0n534******14 TO NW USA A CANADA"! USA CAH/MVl* no vsi/vot iam sw imhau/vot siT~j irw D» wi T~oi |~Sf fir on mm ph Hoiii m
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    • 324 33 «LX JLH 3>L J§_ _*L_ "M" KlciSc oos ft" ft" MmT-S jffij jg/jjmil 0Q44 22/81 24/01 2W MASOWi 2ZL. at/ST KYUM SttlNTa W fflti ~a|r KMT( (BLUMG MIS 23/01 25/01 0011 20/01 30/01 01/02 04/02 04/02 IMKJffiifflL— JS2_ iig- 1® twwpAispwia ~~W ml MMMM AOMAWOUA ®I*L J*L _I z_ ffli^^^lmisiriPulioo'^SMliM^^^'
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  • Page 34 Advertisements
    • 1515 34 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEAN/CANADA *«a VOY MM L£H RTW JUW MMI MV fU VOT tW 6CT Bft FOS W.C MTU puoong sauran aim »<n hk ij b hb 15 c iib 17 k shamghai schator onsw 77*1 11 e 17 e 111> ae TRADE NAfIWIT MHW 2iol IIK
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    • 964 34 m. am MAC-NELS S PORE M'SIA I Cvrlan MN CONTR LWES, IK p. gudang: (ot) *****28 J cmmkimomooam SBJU: (084) 31«17» MAIBLA: (832) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT: (21)*****45 KUCHWQ (082) *****1-3 JW BELAWAN 'KWAI CHUNG EXPRESS' V. KX 005N
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    • 631 34 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO VatMl S PORE N SHCV* CM.OHM PKLANG TAMPON SILVER V 11MT 31 MM KM (NSCHM6iM ONLYCAPE CREUSVIOIW 31 JAN 09 FEB 13 FH 11FH CAPE CANAVERAL V.IIBW 17 FEB 11 FEB 7B FEB M FEB TULSIDAIWI2B 14 FB 23 FES 17 FB M MAR CAPE
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  • Page 35 Advertisements
    • 1843 35 IVEBSEL VOY KHH HKO SIN PKO DXB DMM I BA I BIK IRAN SATTARI PCL-138 19/01 21/01 25/01 26/01 05/02 06/02 08/02 10/02 IRAN BAAKERI PCL-139 26/01 28/01 01/02 02/02 12/02 13/02 15/02 17/02 IRAN HESABI PCL-140 02/02 04/02 08/02 09/02 19/02 20/02 22/02 24/02 IRAN SHAMRYAR PCL-141 09/02 11/02
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    • 1111 35 FIB 2000 ACCEPTING CM 1 TO DAKAI, LAGOS, TCMA 4 I AHIJAM ¥IA GENOA J IGEKIRM AGCNTSINSIN6APOJE: 80 ROBINSON RD TIL 226 1900 FAX: *****08 OUTWARD (B/L) 4205M2 JOHORE OFFICE £^ItUSK5 M FTI ITD ,12 00 SALES/IKGS *****57/43 INWARD MPT (0/0) *****85 COSTAR AGENCIES (M) SDN BHD SINGAPOREotwa CONVENTIONAL *****0i/BSO
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    • 1498 36 EUROPEAHC/SCAHDIMAVIA/f INLAND/RUSSIA SGP ROM ANW HBG THP ZEE LMV LHV TMP RDM ANW HBC PKL SCP E DYNAMIC RW-OW 01/02 20/02 27/02 23/02 25/02 26/02 27/02 E. RESULT RE-02S 04/01 06/01 05/01 07/01 09/01 21/01 E DAJNTY RW-014 05/02 24/02 01/03 26/02 28/02 29*02 01/03 E RENOWN RE 037 13/01
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    • 885 36 rjggglPff PACIFIC INTERNATIONAL LINES (PTE) LTD A SSSSI IB 140 Cecil Street, #03-00 PIL Building, Singapore *****0 CR NO: **********06 I ||vp» VQT WO ISW I m stp m m »amhi«l iH I I lUMGA TTRATAJ 4 1TT*****/1| 27/1 I 4/2 11/2 14/***** 24/2 I i\/\ \h lin tr/i aft
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    • 400 37 BSfl X MM MYANMA VBk FIVE STAR UNE (Myaaaar National Um) Loading for Yangon (Rangoon) VESSEL VOY SIN PHI KM PGU SITTWE 91W 31/01 HPA-AN 267W 01/02 MALAYSIA AGCNYS: KMJSTUO SMPPINC AGENCIES KUt m (03)*****00 PKL- TEL (03)*****01 PEN: TEE (04) 2(***** PGU: TEL (07) *****21/4 BANK LINE (A s«mt«
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    • 1837 38 INDONESIA NATIONAL LINE TO AUSTRALIA *"*1 FULL CONTAINER SERVICE va WW "B m m sn> m m «a~fw" «remhuu> m »/»i h/w o*/« um n/« usuui m n/n mm m/b li/n u/t? »/w u/w »/w n/w g/w mraw ns_ ?i/w n/r »/r u/u FEEDER SERVICE TO INDONESIA va wr wwb
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  • Page 43 Advertisements
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    • 926 43 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I P«G 1 SIN 1 MT I SUP 1 OtW 1 PPG 1 CM j OOP I HAL I NTL I 0« I SAV I *W I TAP 1 HOul HOKIH DUKI /OSS4 14/01 ?7/0) 21/01 31/01 09/01 OWOI li/01 10/02 14
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  • Page 44 Advertisements
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    • 71 44 CONVENTIONAL-SERVICE VESSEL ETA ETD DESTINATION CHAHAYA VICTORY 25/01 26/01 JAKARTA/PANGKAL BALAM JUBILANT 26/01 28/01 CALCUTTA CHAHAYA STAR 274)1 3&DI VISAK/CALCUTTA REGULAR DIRECT CONTAINER A BREAKBULK SERVICE TO PORT LOOM 4 DURBAN EXPORT VOY SIN PTL DBN ALS ENDEAVOUR 01WB 13AJ2 24/02 29/02 ALS EXPRESS 02WB 22AM 02AM 07/D4 ACCBTIWO TO
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