The Business Times, 9 March 2000

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Total Pages: 46
1 46 The Business Times
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  • Title Section
    Lock icon Masthead
    13 1 THE BUSINESS TIMES MffA(P)o3s7ptM9 85c SINGAPORE I Internet: http://business-times.asial.com.sg/ THURSDAY, MARCH 9, 2000
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  • Article
    Lock icon MARKET SUMMARY
    66 1 24f72JSS (-18.73) BT-SRI ***** (-7.24) SIMSCIPDTT7BES MMO (+1.40) STOCK MARKET INDICES Wednesday Change KLSEOOMP 9J0.7J +13R NIKKEI 19,766-80 -177.44 HANG SENG 17J* 1.43 +86.07 SET INDEX ***** *21 JAKARTA COMP _{70.06 +759 MANILA COMP -KM TAIPEI WPI M89.49 +942 SEOUL COMP 91 s.94 +&M CLSA CHINA B 768.69
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  • Article
    Lock icon FINANCE
    77 1 FOSEZ BATES us* s$ US$ 1.717 £(USS/SSper2) 1J86 1712 EUR0fUS$/S4/E) 0.968 1.646 DM 1641 8.841 YEN 197» 1.605 RM I860 0.462 HKS 7.784 1221 BAHT S&01 6.646 RUP1AH 7,460 9.023 •Si to ICO units ram rates SINGAPORE* §80 KUALA LUMPUR 7.67 JAKARTA 3940 BANGKOK 9.50 MANILA 11.00 HONGKONG 8.50
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  • Article
    Lock icon BG Lee: Clob deal is pragmatic and legally binding
    705 1  -  But asking SGX to foot the 1-5% fee is 'beyond scope of its legal duties' By Ven Sreenivasan [SINGAPORE] The settlement of the Clob dispute between the Singapore and Malaysian stock exchanges "is a pragmatic one in the circumstances", Deputy Prime
    705 words
  • Article, Illustration
    Lock icon Creative soars to $51.30, market cap hits $4.8b
    351 1  -  Sound Internet strategy has investors excited By] R Sivanithy [SINGAPORE] Creative Technology's shares yesterday rocketed up $3.80 or 8 per cent to an all-time high of $51.30, bringing its market capitalisation to $4.8 billion. This is equal to about 65 per cent
    Source: Bloomberg  -  351 words
  • Article
    Lock icon Nasdaq down 102 at 11am
    371 1 Bloomberg [NEW YORK] US stocks fell for a third day on concern the Federal Reserve will raise interest rates more than expected, eroding corporate profits. Computer-related stocks such as Intel Corp and Cisco Systems Inc, which gained even as rates rose over the last nine
    Bloomberg  -  371 words
  • Article
    Lock icon A hands-off HK policy statement
    678 1 COMMENTARY The govt clearly wants to stay oat of business, says QUAE HXAXO WHAI ONE line in Financial Secretary Donald Tsang*s Budget speech yesterday probably best summed up the Hongkong government's new economic strategy in the post-crisis era. "The storm has passed and our economy
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      Lock icon Page 1 Advertisements Column 1
      76 1 DfSmE Top stories moM stays open. Cut takes a beating. NaxtPaga Pidemco meets criteria In DBS Land purchase. Pg 6 QAF earnings jump 39%. Pg 6 Asiacontent.com raises USs3om in foreign funds. Pg7 Services sector chalks up 6.6% rise In receipts. Pg9 Govt mulls possibility of another tech fund. Pg
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      78 1 HG3VV Prices of Prime Condos Pushing I Motoring, Pg 28 Executive Suite, Pg 32 SiSSSfiaS M w i dsy?///j 7S&O Jr s%^^lbL ■1 ~^Bl jhf£L[ mi I m lMM^b H rKB'l ,?v i AflP&. k m ■i' Vy|w <?■'«« I he movement Heir to a proud watchmaking tradition I SINGAPORE:
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      4 1 More reports, Pg 4
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      10 1 No okasgt in tax regime, Pg 2 tHDPgromfkqultkenstoS.7%inQ4 t Pgl6
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Once is enough
        76 2 "NO, we didn't clap because we're supposed to be jaded stock brokers," said one. The occasion was a briefing held by DBS Group Holdings for stock brokers on Tuesday where the bank's chief executive John Olds and gang impressed with their candour. Last year at a similar
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      • Article
        Lock icon Car wars on the Hill
        110 2 SO you know Caldecott Queen Zoe Tay has bought a Volkswagen New Beetle. Yep, she did so after deliberating between the Bug and the sexy Mercedes-Benz CLK, which Irin Gan's husband bought recently. But did you know baby-face Fann Wong has switched from a two-seater
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      • Article
        Lock icon Keeping the staff happy
        110 2 THE other day we ran a report on DBS Bank realigning the salaries of its old staff to market rates after it went on a hiring spree last year. Another bank which upgraded existing staff benefits as it paid more for new hires was ABN-Amro Bank.
        110 words
      • Article
        Lock icon Pardon my French
        142 2 QUESTION: Name the one country in this high-tech era that wants to blacklist start-ups and stock options. Answer: France. But only in a manner of speaking. French authorities have periodically waged nationwide campaigns against the infiltration of the English language. This time it's English financial and computer-based
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    • Article
      Lock icon Corrections and clarifications
      62 2 IN the table accompanying our March 4 report on the change in the Singapore Exchange's listing rules, we incorrectly gave the minimum number of investors needed for a new listing as 50. The minimum number of investors needed for a mainboard listing is actually 1,000 and that
      62 words
    • Article, Illustration
      Lock icon No feared tax hikes in HK Budget
      709 2  -  Market cheers package to keep Hongkong's economic recovery on track Front i Quak Hiang Whai in Hongkong AFTER months of speculation and fears about impending tax increases and new levies, the Hongkong government brought cheer yesterday when it announced no changes to its
      709 words
    • Article
      Lock icon Manila bourse stays open, but takes a beating
      436 2  -  Index down 2.8% as confidence tumbles and foreign investors dump Philippine stocks From Al Labita m Manila MANILA shares took another beating after a supposedly independent corporate watchdog yielded to political pressure to allow trading yesterday overruling a late-Tuesday order by its
      436 words
    • Article, Illustration
      Lock icon WAP-ping our way into the future
      685 2  -  |-j| comment TECHNOLOGY There are huge opportunities and an even playing field kenneth james SOMETHING is stirring in Singapore's mobile community. In just the past seven days: Debutante telecoms operator Star Hub said it would launch an online auction service for mobile phone users
      685 words
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      430 2 KTMGSaniiiafSeries Internet hacking: are you exposed? Wednesday, 22 March 2000, 9.00 am to 12.30pm, Orchard Hotel, Ballroom The dangers on the Internet are real, as evidenced by the recent wave of cyber-attacks in Singapore and on well-known and popular overseas sites. Web vandalism, denial of service attacks, IP spoofing, and
      430 words
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      9 2 Row highlight* deficient mgulatory system in Manila, Pg 75ZZ
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      166 3 ->v I y' -->-,-.-.p Citibank Home Saver. ree yourself from your home loan. mtEfjrt Home Saver Why spend your whole life paying off your home loan? Introducing the new and innovative Citibank Home Saver. It'll change the way you look at home loans forever. Save Ss22o 000 in interest payments.
      166 words
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  • CLOB proposal
    • Article
      Lock icon SIAS tweaks its Clob commission suggestion
      213 4 THE Securities Investors Association of Singapore (SIAS) yesterday said brokers should at least repay Clob investors the one per cent commission paid for the last trades done before the Malaysian shares were frozen. Noting that investors bought Clob shares with "a clear understanding" that
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    • Article, Illustration
      Lock icon Clob legal action would mean delay
      1933 4 Deputy Prime Minister BG Lee Hsien Loong yesterday responded to questions raised in Parliament on the Clob agreement signed between SGX and KLSE on Feb 25. We reproduce below the full text of his speech, and the question-and-answer session that followed. PARLIAMENT was last
      SIEW YAW HOONG  -  1,933 words
    • Article
      Lock icon Exchange of letters between Hu and Daim
      339 4 YAB Tun Daim Zainuddin Minister of Finance Malaysia Feb 26,2000 Dear Tun Daim Thank you for Your Excellency's letter dated Feb 14,2000, and your kind assistance in obtaining a response from KLSE to resolve the Clob issue. SGX has followed up on the
      339 words
    • Article, Illustration
      Lock icon Questions and Answers
      915 4 Low Thia Khiang: Is the DPM sure that the KLSE will not change its mind again? SES has had a legally binding agreement with Scans. But what has happened? BG Lee Hsien Loong: That is a legitimate question. We have to take it that we are negotiating
      915 words
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      290 5 J m I s I J I I < < -'^L>'V 1 c* 4 Rf s A x JsJlll^S < 381 < "C:v 7 *i*®N I '''<-; i i Connect First America'" is a free upgrade to our spacious First Class when you buy a f ui! fare, round-trip World
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  • SINGAPORE companies
    • Article
      Lock icon Pidemco meets criteria in DBS Land purchase
      363 6  -  Its purchase preserves value for shareholders, says DBS Land By\ Siow Li Sen DESPITE overtures from several other parties, DBS Group Holdings finally settled for Pidemco Land in the sale of a controlling stake of DBS Land last month because only the government-linked
      363 words
    • Article, Illustration
      Lock icon QAF earnings jump 39% on 14% rise in turnover
      389 6  -  Better showing dne to higher margins, improved operating efficiencies By Conrad Raj QAF Ltd, the Singapore-listed arm of Indonesia's Salim group, reported strong earnings for last year as a result of higher margins for its new products and improved operating efficiencies.
      389 words
    • Article
      Lock icon CSA earnings soar 10 times to $11m
      255 6 CSA Holdings' net profit last year surged 10 times to $11 million as turnover rose by one-third to $516 million. The IT services and solutions company also enjoyed an extraordinary gain of $12 million, bringing bottomline earnings to $23 million, in contrast to
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    • Article
      Lock icon OCBC moving on with new IPO team
      437 6 Bloomberg OCBC Bank, whose corporate finance team virtually collapsed after a listing scandal in 1998, said a revamped team is ready to take on the initial public offer market here. Last year, a record 51 companies went public, raising a total of 552.63
      Bloomberg  -  437 words
    • Article
      Lock icon Can IPC be a successful e-commerce player?
      568 6  -  lock siew toh han shih IPC, in restructuring after its recent troubles, is trying to get into electronic commerce. The Singapore company said its mission is to be a global busi-ness-to-business e-services provider. As part of its entry into e-commerce, IPC recently bought
      568 words
    • Article, Illustration
      Lock icon Asiacontent.com raises US$30m in foreign funds
      310 7  -  Investors in HE company include Net big-names such as NBC Internet, CNET By' Toh Han Shih ASIACONTENT.COM, a Hongkong Internet company with a strong Singapore component, has obtained US$3O million (5551.5 million) in second-round financing from various international investors, the company announced yesterday. The
      FILE PHOTO  -  310 words
    • Article
      Lock icon Ossia and MHE in separate Net ventures
      335 7  -  Ossia buys 4 firms while MHE enters WAP venture By. Andrea Tan OSSIA International and MHE Holdings have ventured into the new economy, with deals in e-commerce and mobile commerce. Sporting goods and apparel dealer Ossia said yesterday it has acquired four Internet
      335 words
    • COMPANY Briefs
      • Article
        Lock icon New appointments at DBS Secs HK
        96 7 Bloomberg DBS Securities Hong Kong Ltd, an investment banking arm of DBS Group Holdings Ltd, has appointed Edward Ng as head of research, replacing Frederick Tsang who is becoming vice-president of institutional sales. Mr Ng, who joined DBS in late November, previously worked as
        Bloomberg  -  96 words
      • Article
        Lock icon Magnecomp, SAE Magnetics seal MOU
        84 7 MAGNECOMP International has entered into a memorandum of understanding with SAE Magnetics, a fully owned subsidiary of Japan's TDK Corporation, to establish a joint venture in Hongkong. The venture aims to develop value-added suspension assemblies the addition of electronic components into conventional suspensions to form
        84 words
    • Article
      Lock icon Allied pays US$11m for ex-Compaq lines
      261 7 IN a fast-growing industry, swift access to greater capacity can mean everything. So it is not surprising that production lines in the exploding contract manufacturing business have become a hot commodity. Yesterday, Allied Components International said it is paying US$lO.9 million (5518.7 million) for
      261 words
    • Article
      Lock icon Huan Hsin's net up 15% on pick-up in 2nd half
      252 7 HUAN Hsin Holdings saw a 15 per cent rise in net profit last year to $14.5 million, mainly due to a strong pickup in the second half. Posting its 1999 results yesterday, Huan Hsin said the better showing in the
      252 words
    • Article
      Lock icon Full-time score
      108 7 As of yesterday, 65 SGX-listed companies had released their financial results for full year ended Dec 31,1999. They recorded a combined $5,413.28m in group earnings, compared to a gain of $721.77m in 1998. The total included 13 foreign companies listed here. If they were excluded, total earnings would
      108 words
    • Article, Illustration
      Lock icon Want Want shares bypassed in euphoria over Net-related stocks
      587 7 Bloomberg [SINGAPORE] Want Want Holdings Ltd's logo, Hot Kid, a smiling impish boy in dungarees, belies the company's concern about its falling share price. Want Want, which means good fortune in Chinese, saw its share price fall 25 per cent this
      Bloomberg  -  587 words
    • Article
      Lock icon APS buys out Chinese partner for US$1m
      196 7 LOCAL fund manager APS Asset Management has bought out its Chinese jointventure partner Shenyin Wanguo as it seeks to strengthen its team by giving them equity stakes. The purchase of Shenyin Wanguo's 60 per cent share in the boutique fund management company cost
      196 words
    • Article
      Lock icon Poh Lian returns to the black, proposes 1-for-2 bonus
      377 7  -  By< Andrea Tan CONSTRUCTION group Poh Lian yesterday proposed a l-for-2 bonus issue after returning to the black with a net profit of $2.6 million for 1999, against a loss of $650,000 the year before. But turnover fell 16.7 per cent
      377 words
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      510 8 Stoctea VotoM Kyosha HK50C 57,571.000 IPC Corpn 5c 29,772,000 Frt Links 20c 27.856,000 Vickers Capital 25c 20,833,000 MediaRing 10c 20,829,000 CEI5C 19.237.000 GoWtron 20c 17,187,000 NOL 15,877,000 Uraco HkJgslOc 13,800,000 MMI Hldgs 10c 13,093,000 Stock* PacificCentury 174,129,426 DBSGip 77,810,249 SPH 41,530,062 SIA 40,782,609 GES Intl Ltd 20c 34,888,041 0C8C 31,362,945
      510 words
    • Article, Illustration
      Lock icon Worth keeping an eye on Teledata wrt, but be wary
      197 8  -  WARRANT WATCH By R Sivanithy THERE'S a worrying loss of momentum in the technology sector. Apart from a few quality issues like Creative Technology and Venture Manufacturing, most of the smaller tech stocks have fallen by the wayside in recent
      197 words
    • Article, Illustration
      Lock icon Market fights back after early fears aver Dow
      520 8  -  11 comment STOCKS r.sivanithy TRADERS braced themselves yesterday for an expected selling onslaught because of Wall Street's Tuesday collapse but, while a near-total cave-in appeared to be on the cards in the morning, things improved dramatically in the afternoon. One factor is
      520 words
    • Article, Illustration
      Lock icon Support for MediaRing at 90-95c
      257 8  -  HOT STOCK By Wong Wei Kong SHARES of Mediaßing.com, which provides voice services over the Internet, showed early signs of recovering from its steep slide and rose yesterday on heavy volumes, with the stock finishing among the session's most active issues. Mediaßing shares rose three
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    • Article
      Lock icon Market Notices
      116 8 THE Extraordinary General Meeting of Spindex Industries will be held on Mar 28 at 3 pm at 6 Neythal Rd, Singapore *****3. DBS Group will go ex-dividend on May 17. The last day for buying-in on a cum basis will be May 23, while the date payable will
      116 words
    • Article, Illustration
      Lock icon BOJ steps in to block yen rise against US$, euro
      349 8  -  I-I i comment CURRENCIES larry wee THE Bank of Japan (BOJ) stepped in for the first time in two months yesterday, buying anything between US$l billion to US$3 billion to blunt the yen's rise against both the US dollar and
      Source: Reuters  -  349 words
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      194 8 m ■jfiflllßftHiA V' I The SingaPort 2000 special feature is fully loaded with advantages for advertisers. I Firstly it is published in conjunction with the SingaPort 2000 Exhibition and Conference I which is Asia's premier maritime event. I Editorial content will also be highly relevant to the 1 17,000 readers
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      24 8 Do ycu need flexible financing for your share Call us at 323-3955 and find out what we can do for ycu IS DBS BANK
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Services sector chalks up 6.6% rise in receipts in '99
      350 9  -  Financial services stages strongest recovery in line with regional upturn By\ Marissa Chew IN LINE with the economic recovery, the services sector's receipts rose 6.6 per cent last year, led by the financial services sector. But the sector still has
      Source: DOS  -  350 words
    • Article
      Lock icon Big jump in firms expecting higher profits this year: poll
      385 9  -  Sector-wise, retail is the most optimistic, says D&B By I Carol Eng SIGNIFICANTLY more companies in Singapore are expecting increases in net profit this year, going by the Dun Bradstreet (D&B) Optimism Index. Business information provider D&B said in a
      385 words
    • Article, Illustration
      Lock icon OUB cuts 2000 GDP forecast to 5.5%
      305 9  -  on the economy outlook By) Marissa Chew OVERSEAS Union Bank (OUB) has revised downwards its gross domestic product (GDP) growth forecast for the year to 5.5 per cent, from an earlier forecast of 6.5 per cent. "We expect less favourable prospects and the
      Source: OUB  -  305 words
    • Article
      Lock icon Govt mulling possibility of another tech fund
      259 9  -  It wants to ensure the TIFs momentum is carried through From Jennifer Lien in San Francisco WITH slightly over half of the US$l billion (Ssl.7 billion) Technopreneurship Investment Fund (TIF) already committed, the government now plans to explore the possibility of starting another
      259 words
    • Article
      Lock icon Expats are happy with life here: survey
      304 9 AFP EXPATRIATES in Singapore are generally happy about the quality of life but grumble about the arts and culture scene as well as the local media, according to a report issued yesterday. High costs of consumer goods were also among the complaints of
      AFP  -  304 words
    • Article, Illustration
      Lock icon Allgreen offers Ang Mo Kio cluster units at higher prices
      293 9  -  At $370 psf, it can rake in another 27% more in revenue By. Andrea Tan ALLGREEN Properties will launch the 157-unit Horizon Gardens at Ang Mo Kio Avenue 2 this weekend with an average price of about $1.1 million or
      293 words
    • Article, Illustration
      Lock icon Top civil servants may get higher bonuses
      566 10  -  UliJileWi! debate Cap should be raised to at least 12 months from current 6 months, says BG Lee Audrey Tan THE performance-based bonuses for senior civil servants may be raised to a maximum of 12 months, from the current 6 months, to bring
      FILE PHOTO  -  566 words
    • Article
      Lock icon Getting trade finance via the Net
      281 10 System covers facilities like LCs, demand drafts TRADERS can now apply for trade financing instruments electronically via a Webbased trade finance system (TFS) developed by Network for Electronic Transfers and Singapore Network Services and supported by the Trade Development Board (TDB). TFS allows traders
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    • IN Brief
      • Article
        Lock icon Call for review of tax system
        248 10 SEVERAL Members of Parliament, Including Inderjit Singh and Leong Horn Kee, asked for a review of Singapore's tax system to promote technopreneurship and provide incentive for start-ups to attract angel investors and talented staff. Mr Singh suggested that the government should not tax employee
        248 words
      • Article
        Lock icon New board for high risk companies?
        107 10 BACKBENCHERS Inderjit Singh and Wang Kai Yuen called on the finance minister to consider setting up a separate board for listing companies without track record, namely dot-com start-ups. Such a board would make investors more conscious of the fact that they were investing in
        107 words
      • Article
        Lock icon Review of conveyancing fees
        93 10 THE government will set up a committee to review conveyancing fees on property transactions, said Law Minister S Jayakumar. While declining to say which way the review would take, he pointed out that he had said "several times" that the legal profession should prepare itself for
        93 words
      • Article
        Lock icon Upgrading of private estates
        85 10 THE government may carry out two pilot projects to upgrade private residential estates in the second half of this year, said senior parliamentary secretary for national development Koo Tsai Kee. The upgrading will involve landscaping and the building of footpaths, among others. The aim is to
        85 words
      • Article
        Lock icon An exchange for bond trading?
        76 10 LIM Hwee Hua (Marine Parade GRC) proposed that the Monetary Authority of Singapore set up an exchange for the trading of bonds. Citing Broker Tec and Bloomberg Bond Trader in the US as examples, she suggested the establishment of an electronic bond trading system. She
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    • Article
      Lock icon Law firm Cooma, Lau ties up with UK's Masons
      312 10  -  By< Conrad Raj LOCAL law firm Cooma, Lau Loh has formed a strategic alliance with Britain's Masons ahead of the government's move to liberalise the legal sector here. The alliance, formally sealed yesterday at the Shangri-La Hotel with a cocktail reception,
      312 words
    • Article
      Lock icon GLC sales: impact overstated
      265 10  -  Mak Yuen Chau Singapore via Internet I REFER to your report "Govt stake not main factor for failed HKT bid" (BT, March 7). In the report, Mr S Dhanabalan, chairman of Temasek Holdings, was quoted as saying that given SingTel's size, the government has to be
      265 words
    • Article
      Lock icon Why suspend, Kinta Kellas?
      43 10  -  Denis Distant Singapore via Internet SGX mainboard-listed Kinta Kellas pic has been suspended from trading since November 1998 but continues to trade as usual on the KLSE. This is a UK-incorporated company. Can SGX explain why the extended suspension?
      43 words
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      508 9 im' I |p I UK- m&m, yp :kw w^_'*jjiisis<i IMRSIfe I H l H v^->v£nW I a|\', Take advantage of it with the CMG First State Regional India Fund. Since its market reforms in 1991, India's Regional India Fund seeks to achieve medium technology sector has moved within striking to
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      350 10 City Estates International LONDON HONG KONG SINGAPORE DUBLIN Are you looking to sell your property in London? We offer a complete service under one roof including established links with international investors: Sales Acquisitions Valuations Resales Up-to-date market appraisal As part of the City Lets International Group we also offer a
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      60 10 Nanyang Academy of Fine Arts proudly presents Belgian-American Pianist, 7Md JnspAsnn in a rare public performance Programme: JE jfID^HKL W wM M wk Piano Sonata in D K3ll Piano Concerto in A (In the Tang Quartet) Intermission f^^Hc Tedd's "surprise" CP* Tickets: $50, $35, $20 mz „,K;™s;!zt 80 °T"" SISDC
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  • e News
    • e Briefs
      • Article
        Lock icon Brit Telecom gets £2.5b police order
        102 11 AFP [LONDON] British Telecommunications, the former state monopoly, yesterday announced an order worth £2.5 billion (Ss6.B billion) over the next 19 years to supply digital radib sets to the police. It also bowed to an Internet price war and reduced telephone call charges to
        AFP  -  102 words
      • Article
        Lock icon Free home PCs for all Intel employees
        77 11 Bloomberg [SANTA CLARA, California] Intel Corp, the No 1 maker of chips that power personal computers, said it will offer free home PCs to all its employees, a move to help its 70,000 workers get connected to the Internet. The company will seek
        Bloomberg  -  77 words
      • Article
        Lock icon First authorised Chinese news Web site
        156 11 AP [BEIJING] Nine Chinese media companies are launching the country's first authorised news Web site, 21 Dragon News Network, state-run media reported yesterday. The site, 21DNN for short, will update news 24 hours a day and will set up bureaus around the world, the
        AP  -  156 words
      • Article
        Lock icon US$1b upgrade for China telecoms
        106 11 Reuters [SHANGHAI] Chinese telecommunications operators say they will pump nearly US$l billion (551.72 billion) into Internet infrastructure this year, signalling increased competition in the sector and lucrative contracts for foreign equipment suppliers. Officials with China Telecom, China Unicom, China Netcom and China Jitong —the four
        Reuters  -  106 words
      • Article
        Lock icon PwG sees big jump in e-commerce work
        94 11 Bloomberg [NEW YORK] PricewaterhouseCoopers, the world's largest accounting and consulting firm, said it expects to have US$l.6 billion (552.75 billion) in consulting contracts for electronic commerce this fiscal year, up 400 per cent from 1999. The firm also said Noel Taylor has replaced
        Bloomberg  -  94 words
      • Article
        Lock icon JC Penny to launch online gift registry
        155 11 Reuters [LOS ANGELES] JC Penney Co, the No 4 US retailer, said on Tuesday that it would launch an Internet-based gift registry allowing customers to plan weddings, communicate with guests as well as buy gifts online via home computers. Penny said the Web
        Reuters  -  155 words
      • Article
        Lock icon City Telecom aims for 30% HK market
        92 11 Bloomberg [HONGKONG] City Telecom (HK) Ltd, the city's No 2 international phone company, said yesterday that it expects to capture 30 per cent of Hongkong's broadband Internet access market, or 75,000 to 90,000 subscribers, by the end of this year. The company's Internet
        Bloomberg  -  92 words
      • Article
        Lock icon Boost for Korean access to Net sites
        65 11 AFP [SEOUL] South Korea's access to European-based Internet sites will be boosted today by the opening of new high-speed links on the world's longest undersea fibre-optic cable, Korea Telecom said yesterday. The state-owned telecoms group has leased 3,480 communications lines, including six-megabyte direct
        AFP  -  65 words
    • Article, Illustration
      Lock icon Man U scores as £1b dot-com company
      319 11 LONDON Bloomberg MANCHESTER United pic became the first soccer club to be worth more than £1 billion (552.71 billion), a day after investment bank Warburg Dillon Read raised its share price target for the world's richest soccer club to 500 pence because of
      Bloomberg; FILE PHOTO  -  319 words
    • Article, Illustration
      Lock icon Net effect
      55 11 [SHANGHAI] A man yesterday filling in a job application form for an Internet company in Shanghai. China has been caught up in the worldwide rush to get on the Internet, despite restrictive new guidelines announced in January making Web site and e-mail account holders liable if state secrets
      AFP  -  55 words
    • Article
      Lock icon Bank One allows people to send money over e-mail
      313 11 NEW YORK Reuters, Bloomberg BEFORE you delete your umpteenth e-mail, make sure someone isn't sending you US$2O (5534.50) electronically. Bank One Corp, the US' fourth-biggest bank holding company, has launched a system that lets people send money to each other over
      Reuters,; Bloomberg  -  313 words
    • Article
      Lock icon Cap Gemini, Cisco in US$4.2b Internet venture
      417 11 PARIS Tie-np seen boosting European computer service provider's Web-related sales Bloomberg CAP Gemini SA, Europe's biggest computer service provider, will create a US$4.2 billion (557.2 billion) Internet venture with Cisco Systems Inc to sell products and services to Internet and telecommunications companies. Cisco,
      Bloomberg  -  417 words
    • Article
      Lock icon EMI composes Internet radio medley
      379 11 LONDON It's working with Radiowave.com to develop Internet radio channels Reuters BRITAIN'S EMI Group pic made further inroads into the Internet on Tuesday with plans to take its roster of artists onto branded Internet radio sites in an alliance with US interactive audio company Radiowave.com.
      Reuters  -  379 words
    • Article
      Lock icon EBay, AutoTrader.com to create Web site for auction of used cars
      335 11 SANJOSE Bloomberg EBAY Inc. the largest online auctioneer, teamed with Auto Trader.com to create the Internet's largest auctionstyle Web site for buying and selling used cars in the US. EBay also said it agreed to make a cash investment
      Bloomberg  -  335 words
    • Article
      Lock icon Softbank in US$1b Europe Net funds tie-up
      466 11 LONDON News Corp, Vivendi are among its major partners Bloomberg SOFTBANK Corp, Japan's largest Internet investor, said it is joining with European partners to invest more than US$l billion (Ssl.7 billion) in two new funds aimed at Internet startups in Europe and the
      Bloomberg  -  466 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Way too late for a soft landing now
      911 12  -  KITH bottom line OPINION anthony rowley The writer is BT's Tokyo correspondent YOU have been warned! Not just once, twice nor even three times, Federal Reserve chairman Alan Greenspan has hinted that US equity markets are overvalued and vulnerable to a fall.
      911 words
    • Article
      Lock icon IN OTHER WORDS
      70 12 Teople are too suspicious.' -Tug Chee-hwa Hongkong's chief executive, on accusations that the family of tycoon Li Ka-shing receives preferential treatment from the government. 'When I'm betting on the future of America, I'm not going to bet on the smartest people in New York. I'm going to
      70 words
    • Article
      Lock icon Opec must pump more oil
      625 12 EDITORIAL POR those economists and pundits who had written off the Organisation of Petroleum Exporting Countries (Opec) as a spent force, 011 market developments in the last 12 months will have come as a rude shock Amid all the euphoria about the "new economy", the
      625 words
    • Article, Illustration
      Lock icon Curious preference for loss-making companies
      867 12  -  What wonld happen to the economy when Internet stocks drop 80-90 per cent? By\ Robert Samuelson The Washington Post Writers Group JAMfcs Cramer wellknown stock commentator and investment manager gave a speech the other day that helps explain why the Nasdaq stock index darted past
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      Lock icon World would be more dangerous without IMF
      772 12  -  COMMENTARY It's a fantasy that abolishing the IMF would also abolish finftnrifll crises By Paul Krugman The writer is a professor of economics at MIT NYT IT'S perfectly OK to bash the International Monetary Fund (IMF) some of the best people do it.
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  • MALAYSIA news
    • Article
      Lock icon Maxis looking into IPO to expand its operations
      374 13 TSTwatcn KUALA LUMPUR Firm to spend RMlb to boost mobile and fixed-line network, RM5OOm on Internet business Bloomberg RECLUSIVE Malaysian tycoon T Ananda Krishnan's Maxis Communications Bhd said it may sell shares as the country's second largest cellular phone company looks to
      Bloomberg  -  374 words
    • Article
      Lock icon Time expects IPO to be ready by Nov 30
      242 13 KUALA LUMPUR Bloomberg TIME Engineering Bhd, owner of Malaysia's biggest fibre optic network, told creditors it'll complete a plan to sell shares in its phone company to the public by Nov 30 to help repay loans. According to details prepared by
      Bloomberg  -  242 words
    • MARKET moves
      • Article
        Lock icon A gem in the making?
        63 13 THE share price of little-known Gemtech Resources Bhd surged three Malaysian ringgit to RM7.40 yesterday on rumours of a takeover by a banker who will soon be out of a job as a result of the consolidation of the Malaysian banking sector. Gemtech produces a
        63 words
      • Article
        Lock icon TRI sizzles
        47 13 TECHNOLOGY Resources Industries jumped 74 sen to RM5.40 on talk that creditors are close to endorsing its plan to restructure its debt. Some investors also believe the company might sell its cellular operator Celcom to Telekom Malaysia in a bid to retire its huge debts.
        47 words
      • Article
        Lock icon Tongkah up despite denial
        66 13  -  Compiled by: Eddie Toh TONGKAH Holdings Bhd rose 29 sen to RM2.09 although the company has denied that it is interested in buying into Jaring one of the two major Internet service providers in Malaysia. Although Jaring has a huge subscriber base due to its monopoly
        66 words
    • Article, Illustration
      Lock icon Razaleigh keeps options open on Umno challenge
      298 13 KUALA LUMPUR AFP KELANTAN prince Tengku Razaleigh Hamzah kept Malaysia guessing yesterday about whether he will challenge for a top post in May ruling party elections as the stock market dipped on a report that he may stand. Any challenge by Tengku Razaleigh
      AFP  -  298 words
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      111 13 Maurice Lacroix. Tomorrow's Classics. y I NEW Masterpiece Flyback m Masterpiece Flyback: Stainless steel, case back secured with 6 screws, scratch-resistant m ini/*r I a f*r% r\. I\i sapphire crystals (see through back), water-resistant to 50m. I*l AURIC.E LAGROIX Switzerland Exclusively available at: Deluxe Eastern Watch Pta Ltd Centrepoint, Dickson
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      292 14 HHSHPir; 'W&i: %M k iJ l\/l 'w&SR :A' r vJ|P^Hfe^ i ''^H& r -'^r^ l BF _V H cl 1 n M JSp" r. rt now *Pj Q^™ pf. I IJB■■■ v I A I J I H mm J v>'^R'.>-' '■■rr? '->'W^Sf^ I The e-Market for High TeclT Beach
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  • SOUTH east asia
    • Article, Illustration
      Lock icon Row highlights deficient regulatory system in Manila
      845 15 analysis BOURSE BATTLE Dwindling investor appetite for Philippine assets could turn into stampede out of markets: analysts Reuters [MANILA] The fallout from the threatened closure of the Philippines stock market will reverberate for months, even though in the end the main regulatory body
      Reuters; AP  -  845 words
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      Lock icon SEC chief Yasay rethinks resignation
      305 15 MANILA Bloomberg AFP, AP PHILIPPINES President Joseph Estrada tipped Trade Secretary Lilia Bautista to take over as the nation's top securities regulator, once incumbent Perfecto Yasay steps down later this month. But a new complication has arisen, as Mr Yasay said yesterday that he is
      Bloomberg; AFP,; AP  -  305 words
    • Article
      Lock icon Net firms face listing problems in Indonesia: expert
      222 15 JAKARTA AFX-Asia INTERNET start-ups face difficulty listing here under current stock exchange regulations and many will probably opt to list in Singapore instead, business consultancy Castle Group said yesterday. Group head James Castle said companies hoping to list must have a two-year
      AFX-Asia  -  222 words
    • NOTE Book
      • Article
        Lock icon Govt puts off decision on Krung Thai
        75 15 Bloomberg [BANGKOK] Thailand's central bank yesterday delayed a decision until March 16 on how to manage most of the bad loans at the state-owned Krung Thai Bank Pel as it needs time to study various proposals. "We need additional time before coming up
        Bloomberg  -  75 words
      • Article
        Lock icon Wahid visits Suharto
        58 15 AP [JAKARTA] Indonesia's reformist President Abdurrahman Wahid yesterday paid an unprecedented visit to former dictator Suharto, who has so far stymied a government corruption probe by claiming he is too sick to be questioned. Looking healthy and walking unaided, Mr Suharto smiled to dozens of waiting reporters
        AP  -  58 words
      • Article
        Lock icon Manila to sell assets of Marcos cronies
        57 15 AP [MANILA] The Philippine government plans to sell about 647 million pesos (5527.1 million) in assets surrendered by former associates of the late dictator Ferdinand Marcos, officials said yesterday. The government has so far recovered more than 25 billion pesos in assets belonging
        AP  -  57 words
    • Article
      Lock icon Thai Petrochemical in bid to delay debt revamp further
      209 15 BANGKOK AP THAILAND'S biggest corporate debtor, Thailand Petrochemical Industry Pel, appealed to nationalist sentiment yesterday in a move to further delay its US$3.5 billion (Ss6 billion) debt restructuring. One week before a bankruptcy court rules on the landmark debt case, Thai
      AP  -  209 words
    • Article
      Lock icon Keidanren team to visit Asean to assess reforms, debt resolution
      487 15  -  Findings could affect Japan's investments in region Promt Anthony Rowley in Tokyo A HIGH-LEVEL delegation of industrialists and other business leaders from Japan's federation of economic organisations, Keidanren, will visit four Asean countries, including Singapore, next month for "frank discussions"
      487 words
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      145 15 From today, DBS Voice gives you faster access to foreign I I exchange rates and transactions with just one phone call, h QDIJSBANK IVoicel Thanks to Voice s latest voice-recognition technology, you > L won't ever have to lift a finger to receive up-to-the-minute foreign exchange updates, 24 hours a
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  • EAST asia
    • Article
      Lock icon HK studies ways to better protect depositors
      253 16 HONGKONG Bloomberg HONGKONG may introduce a deposit insurance system similar to US and European models, as part of a package of reforms aimed at making the banking system safer and more competitive, the city's financial secretary said. In his annual budget speech, Financial
      Bloomberg  -  253 words
    • Article, Illustration
      Lock icon GDP growth quickens to 8.7% in Q4 of 1999
      598 16 l!IM budget HONGKONG Economy booncing back at faster than expected rate, says Financial Secretary Bloomberg HONGKONG'S economy grew a faster-than-expected 8.7 per cent on year in the final three months of 1999, the biggest on-year gain in 12 years, aided by
      Bloomberg; AP  -  598 words
    • Article
      Lock icon Macronix to start building 3rd wafer-fab plant
      469 16  -  Leading Taiwan chip maker rebonnds with 1999 profits of US$29. ftn From Macabe Keliher in Taipei TAIWAN'S leading memory chip maker Macronix International announced yesterday that it would begin construction of its third wafer-fab plant as it reported improved sales and a return
      469 words
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      176 16 tl V• < 'i( j.*#' 4 'jp %>--- r- .3 < 15^,-,^. W:.,' 5 V In conjunction, with Tech Month I trophy, a citation certificate and 2000, we are pleased to welcome Si is,ooo. Entries must reach us fl/tagg entries for the National Science and I 3) March 2000 Application
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      386 17 i y 1 lilM CMAiM I ALMHHBW FROPCRTKS UMVTKO wnru I 1 AHorttn Properties Limited Lmn CHeno Croup of CoHMMMftes j l@i"D *a km I I ■MHMMHHHHH EE yf M f~**\ 1 "J I Ywß «<®'««Bf J ft} iiu i r I f I I I I (*****/ I MOUBKGS
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  • SOUTH asia
    • Article
      Lock icon Money in Indian mutual funds crosses one trillion rupees
      626 18 BOMBAY A change in tax roles, soaring stock market boost investor interest Bloomberg Reuters MONEY managed by India's mutual funds have crossed the one trillion rupees (Ss37 billion) mark as more investors poured their savings into them, steering clear of bank
      Bloomberg; Reuters  -  626 words
    • Article
      Lock icon Indian tech-savy banks edging ahead by using the Net
      586 18 BOMBAY Greater convenience, lower costs for customers; shareholders benefit too Reuters A FEW far-sighted Indian banks, largely privately rim, are using the Internet to deliver convenience banking and lower transaction costs while shareholders reap the benefits of better valuations. "The obvious
      Reuters  -  586 words
    • Article, Illustration
      Lock icon EU sees no sanctions arising from labour standards
      473 18 NEW DELHI Need to build bridges after Seattle before taika resume: official Reuters THE European Union (EU) does not see economic sanctions arising out of attempts to bring labour standards in global trade talks, the European Commission's Trade Commissioner Pascal Lamy said
      Reuters; FILE PHOTO  -  473 words
    • Article, Illustration
      Lock icon Lloyd Webber's Bombay Dreams
      75 18 [BOMBAY] Britain's internationally acclaimed composer Andrew Lloyd Webber (right) posing with Indian musical prodigy A R Reham (left) and filmmaker Shekhar Kapur on Tuesday after announcing his plans to produce a new musical to bring the colour and pizzazz of Indian movies to the Western stage.
      AFP  -  75 words
    • Article
      Lock icon Pakistan 1 shares rise on news of Clinton visit
      251 18 ■KARACHI Reuters PAKISTANI stocks rose briskly shortly after the start of trade yesterday amid bullish sentiment prompted by the news that US President Bill Clinton's visit to South Asia will include Pakistan. The Karachi Stock Exchange 100-share index was up 21.41
      Reuters  -  251 words
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      1022 18 INTERNATIONAL FACTORS (SINGAPORE) LIMITED (Incorporated with limited liability in the Republic of Singapore) 5570,000,000 Floating Rate Notes Due 2002 Pursuant to CONDITION 11 of the Notes, notice is hereby given that, in respect of the Interest Period from March 9, 2000 and ending on (but excluding) June 9, 2000. (a)
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      17 18 470 HOUSES SALE Visit this choice site for a selection of dream homes. The Straits Times Classified
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  • WORLD news
    • Article, Illustration
      Lock icon P&G startles investors into sell-off
      671 19 >■ NEW YORK Dew's 347-point plunge on Tuesday raises fears that correction among 'old-economy', non-tech stocks gaining pace LAT WALL Street's rush out of "old economy" stocks intensified dramatically on Tuesday as a surprise earnings warning from consumer-products giant Procter Gamble sparked a deep sell-off
      LAT  -  671 words
    • Article, Illustration
      Lock icon Nasdaq hits 5,000 for 1st time, then retreats
      370 19 NEW YORK Bloomberg THE Nasdaq Composite Index touched 5,000 for the first time in its 29-year history, reaching the milestone in less than one-third the time it took the Dow Jones Industrial Average. The tech-heavy Nasdaq climbed to a record 5,006.78 on
      Bloomberg  -  370 words
    • Article, Illustration
      Lock icon Telstra scores record interim profit of A$2.1b
      527 20  -  This is also the highest achieved by an Australian company From Brian Gomez in Sydney AUSTRALIA'S telecommunications giant Telstra Corporation Ltd yesterday announced a record net profit of As2.l billion (552.19 billion) or 16 Australian cents a share for the six months to
      AFP  -  527 words
    • Article
      Lock icon Big boys in municipal e-bond site
      515 20 NEW YORK Goldman, PaineWebber, Bear Stearns target volume to make np for belated move Bloomberg GOLDMAN Sachs, Bear Stearns and PaineWebber Inc said they are forming an Internet site for trading municipal bonds, the biggest sign yet that the US$l.5 trillion ($2.5 trillion) muni
      Bloomberg  -  515 words
    • Article
      Lock icon Commonwealth Bank gets nod to bid for Colonial
      423 20 MELBOURNE A price of As7.sb for 2nd-biggest life insurer is speculated Bloomberg AUSTRALIA'S government gave the green light for the possible acquisition of Colonial Ltd by Commonwealth Bank of Australia, in what would be the nation's biggest takeover. Commonwealth, the nation's second-biggest
      Bloomberg  -  423 words
    • Article
      Lock icon Deutsche Bank shares down more than 3%
      154 20 FRANKFURT Reuters SHARES in Deutsche Bank AG fell more than 3 per cent yesterday as investors took quick profits while waiting for more details about its expected merger with Dresdner Bank AG. By 1202 GMT, Deutsche shares were down 3.06 per cent at
      Reuters  -  154 words
    • Article
      Lock icon European takeover to rival global credit rating giants
      242 20 LONDON FT FITCH Ibca is buying Duff Phelps to create a third global force in the credit rating business, competing with the two dominant providers or ratings, Moody's Investors Service and Standard Poor's. Investors increasingly favour a worldwide cross-sec-tion of ratings services
      FT  -  242 words
    • Article
      Lock icon EU members urged to back Koehler for IMF post
      358 20  -  From I Shada Islam in Brussels BRUSSELS and Germany yesterday urged European Union members to rally around Horst Koehler, Berlin's new candidate to run the International Monetary Fund (IMF), after Deputy Finance Minister Caio Koch-Weser withdrew from the race. European Commission
      358 words
    • WORLD Watch
      • Article
        Lock icon US running out of workers: Fed official
        92 20 Reuters [FRAMINGHAM, Massachusetts] Federal Reserve Bank of Boston president Cathy Minehan said yesterday that the US was running out of workers in a period of rapid economic growth. "Both within the United States and New England... we are experiencing a period of very
        Reuters  -  92 words
      • Article
        Lock icon Intel unveils 1 GHz microchip
        68 20 Bloomberg [SANTA CLARA, California] Intel Corp announced yesterday a Pentium 111 running at 1 gigahertz, two days after archrival Advanced Micro Device Inc beat it to the key benchmark. Intel claims that its 1 GHz Pentium m performs better than AMD's 1 GHz Athlon because
        Bloomberg  -  68 words
      • Article
        Lock icon BNP's 1999 profit up 52% on Paribas buy
        80 20 Bloomberg [PARIS] Banque Nationale de Paris SA, France's largest bank, said 1999 profit rose 52 per cent as the acquisition of Paribas SA boosted investment-banking income. Net income rose to 2.62 billion euros (554.3 billion), or 5.8 euros per share, from a
        Bloomberg  -  80 words
      • Article
        Lock icon Aerospatiale profit dives 93%
        84 20 Bloomberg [PARIS] Aerospatiale Matra SA, Europe's second-biggest aerospace and defence company, said yesterday its 1999 profit fell 93 per cent after reorganisation and currency-hedging charges more than offset the benefits of record deliveries by Airbus Industrie. Net income shrank to 30 million euros (5149.3 million) from
        Bloomberg  -  84 words
      • Article
        Lock icon US businesses see strong prospects
        99 20 Bloomberg [MURRAY HILL, New Jersey] US manufacturers expect business to "remain strong" over the next three months though rising costs will probably cut into profit margins, a private survey showed. Dun Bradstreef s overall Industrial Sentiment Index for the three months through May was unchanged
        Bloomberg  -  99 words
    • Article, Illustration
      Lock icon Bradley gored as Bush halts McCain's insurgency
      1004 21  -  Impressive wins on Super Tuesday brings challengers' ran to a virtual end From Leon Hadar in Washington THE Democratic and Republican front-runners, Vice- President A 1 Gore and Texas Governor George Bush, both took major steps to win their parties' presidential nominations on
      1,004 words
    • Article
      Lock icon PC shipments in Q1 forecast to rise 20%
      222 21 NEW YORK Reuters PERSONAL computer unit shipments are expected to grow by 20 per cent in the first quarter of 2000, compared to the same period of 1999, market research firm International Data Corp (IDC) said on Tuesday. First-quarter PC sales in
      Reuters  -  222 words
    • Article
      Lock icon Deutsche Bank loses New York City account
      210 21 NEW YORK Bloomberg DEUTSCHE Bank AG's US fund management unit lost its biggest customer as the New York City Retirement Systems switched most of its US$44 billion (5575.9 billion) account to Barclays Global Investors (BGI) and Merrill Lynch Co. With New York pulling
      Bloomberg  -  210 words
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      16 19 Way too late for a soft landing now; I Carious preference for loss-making companies, Pg 12
      16 words
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      349 19 v -X #*-•>" ■4o|f^^^ I a*'" .^^HuJy9^^l I W ~}M*-«*'' **■< hLQ I i '.«<!X' j MB y i o -mmmm I V it >■«'"" w v-;j. I rv\ K >* q oo- If**, Y®*w'* 1 1 J?*^.'^H <#* V tV- V^',B r.'C-9 t* K I V. f ►*>' l»v**'
      349 words
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      95 21 w y| I p v i R JMrl^ I in Asia Miles between February M^L bonus as as fly to Hong Kong only. lets you earn free on our partner to us the form or for an form Please IM M KWB the form Dr. Mr. Mrs. Ms. Name: Tide:
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  • FINANCE & commodities
    • Article
      Lock icon Futures settle at premium to cash
      249 22  -  SOX Derivatives TvaAla&Reports MSC7 Singapore Index Daphne Tay Jardine Fleming THE Singapore stockmarket closed lower yesterday, dampened by the Dow's overnight 3.7 per cent loss and spooked by concerns of higher-than-expected interest rate hike/s in the next Federal Open Market Committee (FOMC) meeting scheduled
      249 words
    • Article
      Lock icon Share market rise fails to boost futures
      183 22  -  MSCX Taiwan fatnres Seow Hock Hin Refco Singapore TAIWAN stocks managed to defy a 3.68 per cent overnight tumble by the Dow Jones and pre-election worries to close a touch higher. The Taiwan Stock Exchange Weighted Price Index rose 9.4 points, or 0.1
      183 words
    • Article
      Lock icon Oil price falls on profit-taking
      263 22 ENERGY REPORT Reuters »[LONDON] Oil's blistering J rally took a breather yesterday, retreating on profit-tak-ing as Organisation of Petroleum Exporting Countries (Opec) giant Saudi Arabia and Iran met to tackle differences on output policy. But prices stayed in sight of nine-year peaks amid lukewarm trader
      Reuters  -  263 words
    • Article
      Lock icon CURRENCY REPORT
      315 22 Reuters THE yen recovered some sparkle in the early trade yesterday after the shock of intervention by the Bank of Japan (BOJ) and was trying to build a base above the lows set against the euro and the US dollar after the intervention. The Japanese central bank sold
      Reuters  -  315 words
    • Article, Illustration
      Lock icon Untitled
      1262 22 DtTERBAMl CROSS RATES AfarS C$ twfc liro Fir Dm HK$ tod H tupMi Y«i Wo« Wl «$Wih Nm SS tod Sir Wtt Mrt VSi <m 0 8M J 039 0-634 4 ,56 1239 4726 2M53 ***** 650 2.307 1.255 ***** 24.894 1042 3.946 LOW 18.674 23.073 0.384 0407 SHU? A
      1,262 words
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      Lock icon Untitled
      1833 22 8IC0MF0T0MBI Mar 8 RUBOCR (Mures dMkf as at UQm) RSS 1 CONTRACTS caatsAq) ClOM VolMM OpM Moott mqn uar satt (t—w) mt»fwt Apr 00 116.00 HUM 116.50 200 ktoy 00 118.50 T18.50 118.50 50 Jun 00 120.50 117.00 ***** 950 600 Jul/Sep 00 125.00 RSS3C0MTRACT (UScwto/ht) Votem OpM Month HH>
      1,833 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Upbeat Budget report reverses early losses
      2912 23 HONGKONG AFP HHangSeng +86.07 HONGKONG share prices rose 0.5 per cent to close at a record high yesterday on the strength of the government's upbeat Budget address, reversing earlier losses made after a sharp overnight decline on Wall Street. "There is nothing bad coming
      AFP  -  2,912 words
    • Article
      Lock icon Profit-taking dampens Nikkei
      1993 23 TOKYO AFP Q Nikkei 225 -177.44 SHARE prices in Tokyo fell 0.9 per cent yesterday as declines on Wall Street prompted investors here to take profits on market-leading high-tech and telecom issues, brokers said. The key Nikkei-225 Index fell 177.44 points to close at 19,766.80. "The Nikkei
      AFP  -  1,993 words
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      Lock icon CHINA
      1001 23 Reuters F1 Shenzhen B Index +0.56 SHENZHEN'S stocks closed higher yesterday buoyed by domestic institutions betting on an upward trend on China's stock market this year due to expectations of continued government support. The hard currency B Share Index ended up 0.56 of a point, or 0.66 per cent,
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,001 words
    • Article
      Lock icon TAIPEI
      372 23 AFP QWP Index +9.42 TAIWAN share prices closed 0.1 per cent higher yesterday as late selling largely reversed earlier gains, dealers said. The Taiwan Stock Exchange Weighted Price Index climbed 9.42 points to 9,389.49, on turnover of NTJ140.42 billion. At its peak, the market gained 1.1 per cent in
      AFP  -  372 words
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  • STOCKS klse
    • Article
      Lock icon Untitled
      8595 24 —UTMIAll Cmum pniicti *000 LmI Vel Dey N«« Cop U» C|W>1«| Ml -000 MH> Lw PtW. tmH 420 310 AJinomoto 356 -18 4 360 356 22.6 144* J5S n,UM w 5* 935 >08 96 148.9 *«»!*> Food Hig 416 -2 60 416 406 9.9 >66.4 *215 2 I°9 BAT 50c
      8,595 words
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      Lock icon Late technical rebound boosts KLCI
      407 24 AFP AFX-Asia Q Composite Index *L2B MALAYSIAN shares ended marginally higher yesterday on a late technical rebound following falls in the morning over political uncertainties and Wall Street's weakness, dealers said. The Kuala Lumpur Stock Exchange Composite Index closed up 1.28 points at 930.72, off
      AFP; AFX-Asia  -  407 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      3498 25 BOMPS A WARRANTS ■t Wreti fraa/ [*n| S2-M U»t Val Day UttOMt* l<1 ntm4 Can tier Dm IMm *H» In tta* Ctwnr Mi COM) M0 U> Wuyr Mk> Nn ImMiI Ml* Ma IS) Seariefl Utt 104 12 s 3160 "Acer ******1 US$ 44.5 unch 82 44.5 44.5 44.5 45 33.1
      3,498 words
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      Lock icon SEOUL
      317 25 AFP j Composite Index +8.60 THE Composite Index closed up 8.60 points or 0.9 per cent at 915.94. Volume was 311 million shares worth 3.6 trillion won. Advancers led decliners 449 to 384. AFP •MrS ■«< Anam Semi ***** -50 Br«n Tech 1700 -60 Central Bank 2750 55 Chetl
      AFP  -  317 words
    • Article
      Lock icon MANILA
      291 25 AFP CI Composite Index -46^3 THE Philippine Stock Exchange Composite Index lost 46.93 points to close at 1,639.79. At one point the index was 52.03 points down. Volume rose to 9.96 billion shares worth 2.17 billion pesos compared to 5.57 billion shares worth 2.13 billion pesos on Tuesday. AFP
      AFP  -  291 words
    • Article
      Lock icon WELLINGTON
      279 25 AFP g NZSE-40 -4JJ2 THE NZSE-40 Index was down 4.82 points or 0.2 per cent to 2.021.25 on turnover worth NZ$l44 million, with Telecom making up NZ$94 million. Carter Holt Harvey Ltd moved against the weaker tone, adding two NZ cents to NZ$l.9O. AFP Mar 8 IS < 000)
      AFP  -  279 words
    • Article
      Lock icon SYDNEY
      615 25 AFP n All Ordinaries -315 AUSTRALIAN shares slumped one per cent yesterday as a sell-off on Wall Street combined with an adverse reaction to Telstra's first half result to halt a record run, brokers said. The All Ordinaries Index dropped 32.5 points at 3,218.5 points after a series of
      AFP  -  615 words
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      Lock icon BANGKOK
      805 25 AFP n SET Into *£21 THAI share prices rose 1.4 per cent yesterday as a rebound in some regional markets helped support local sentiment and triggered mild bargain hunting, dealers said. The SET Index closed up 5.21 points or 1.37 per cent at 385.56, off a high of 386.46
      AFP  -  805 words
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      Lock icon JAKARTA
      745 25 AFP n Composite Index +7.29 INDONESIAN share prices closed 1.3 per cent higher yesterday on the back of rebounds in select large cap stocks as well as active trading in retail and information technology stocks, dealers said. The Composite Index closed up 7.29 points at 570.05 on a volume
      AFP  -  745 words
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  • Article
    Lock icon STOCKS sgx
    9395 26 SGX MAIMBOARD Transaction date: Mar 8 u 2 W L»lt Vol Day Last Ouote ON Dtv VW N.t Cap Avq HtgO Low StNo Company Sat* COOP) Hlgl> Low Buyer Seller C vr P/C $m4l Price MULTI-INDUSTRY pa it m l !?J¥ > ll 2 569 143 138 141
    9,395 words
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      52 26 Mone gripping than drama! i|§ Keep abreast of the world s corporate, financial and economic developments with daily updates, analyses pawg business toniqhMi and interviews. Presented by Melvin Yong and Kennis Kwan from our Singapore and Hong Kong studios. W jj3| (Monday Friday) 8.30pm. 10.30pm lam wwwchannelnewsasia.com VIEW YOUR WORLD.
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      281 27 Whereto wine, dine and entertain...""" 1 <!> ■Offering the lowest interest rate in town 4545 Enjoy our ever-popular Japanese favourites for lunch and in the evening, tuck in to a wide selection of Japanese, Asian and Western dishes like Sashimi, Drunken Chicken and Roast Sirloin Beef. Japanese Buffet Lunch (14
      281 words
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      Lock icon Page 27 Advertisements Column 2
      53 27 CELEBRATE THE LAST CENTURY) WITH DE GRAND n Happy Hours 5.00pm to 9.00pm m BUY 1 GET 1 FREIT Draft beer per mug S6.5(H*» Droit beer per jug S24.O(Kf» Free Titbits B^^^MB^^^^^^BB^^B^F't^^B^^^BßH^^^miiiiTfiT'P^SMfcifMStKJiTinß m f- 4 I a* W Advertise in Wine, Dine Entertain of The Business to 17,000 readers daily.
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      42 27 i.t n.o. W;' ffT^-r^ j, ','f Savour local fare and our award-winning Chatterbox Chicken Rice We arc open 24 hours daily in case you have not eaten yet. j Enquiries: 831 6291 Mamhn*fts*gv*rr J 1)1 Orchard Road. S.ngjpore 2 ***** 7)7 4411
      42 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      993 27 nc uuon icoa i mica, i nuiaudy C 7, Mil p.t 11, ji i Ointril 800 Growing Up. 5.40 Ninja Boy. haviour (2ndtx). 0.00 Upfront with Najip. 6.00 See Fri's schedules. 7.00 Wild Spirits. 900 M K ,d f Central: P'P 9.30 News 5 Tonight (in- 7.30 The Best of
      993 words
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 2
      281 27 CRYPTIC CROSSWORD ACROSS 4 Rules about junction where 7 Quite drunk, aN knocked back a Swiss folk are dwelling (7) second of these? (9) 5 Dogs, say. cross over for a thick BOn sub perhaps he is in charge f* 10 .J* 0 on the seas (5) 6 Run info
      281 words
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  • MOTORING page
    • Article, Illustration
      Lock icon Scrap cars galore in 2000
      455 28  -  Govt considering panel's proposal to redistribute COEs to following years to avoid feast-and-famine situation By Christopher Tan MORE motorists are expected to send their cars to the junkyard this year than any previous year, according to forecasts based on official data. Age-profile figures released by
      ARTHUR LEE  -  455 words
    • Article, Illustration
      Lock icon Signs point to bumper allotment for new COE year
      323 28  -  Replacement quota alone could be 60,000-84,000 All reports by Christopher Tan THE government is expected to announce the quota for the new COE year as early as next week, and most signs point to a bumper allotment. First of all, scrappage
      Source: LTA  -  323 words
    • Article
      Lock icon S'pore car population expands 2.1%
      211 28 SINGAPORE'S car population got back on the growth track last year after a rare fall in 1998. Land Transport Authority data show there were 382,941 passenger cars as at end-1999, up 2.1 per cent from 1998. Though the growth was noticeably smaller than in previous
      211 words
    • Article
      Lock icon Small cars being edged out here
      480 28 Sales halved in '99; traders attribute contraction to COE categories merger THE small car is becoming an endangered species on our roads. According to official industry figures, sales of one-li-tre and sub-one-litre cars were almost halved to about 1,200 units in 1999 despite the
      480 words
    • Article
      Lock icon Ex-manager wins Kah Motor lawsuit
      415 28 A FORMER manager of Kah Motor has succeeded in his suit against the Honda distributor but the court has yet to determine the amount of compensation that he is due. Alan Tay Kian Hua was in charge of the company's usedcar division when his services
      415 words
    • BUMPER to BUMPER
      • Article
        Lock icon Technical hiccup with COE bidding lines
        137 28 NINE motor firms were thrown into panic on Tuesday when their COE bidding lines with UOB developed a technical hiccup. From as early as 11am, dealers were frantically trying to key in hundreds of their bids—a customary rush on the last day of bidding—but
        137 words
      • Article
        Lock icon COE premiums expected to be firm
        76 28 DESPITE the UOB hitch, COE premiums are expected to be quite firm this month. Traders all over are reporting higher-than-usual bookings, especially in the 1,600 cc and below segment. Attracted by a sizeable drop in premiums last month, buyers stormed showrooms in Übi and
        76 words
      • Article
        Lock icon e Commerce Auto conference in S'pore
        77 28 ANDERSEN Consulting has emerged as the main sponsor of eCommerce Automotive Asia 2000, a conference scheduled for April 4 and 5 at the Shangri-La Hotel here. It is the first such event to be held in Asia, with previous ones held in Detroit, Amsterdam
        77 words
      • Article
        Lock icon L&M wins $58m road upgrading deal
        42 28 L&M PRESTRESSING has landed a $58.3 million contract to upgrade part of Telok Blangah Road and Pasir Panjang Road into a semi-expressway. Work starts this month and is expected to finish by the second quarter 0f2003.
        42 words
      • Article, Illustration
        Lock icon 100 Skoda orders in less than a month
        125 28 SKODA has made quite a comeback. The Octavia, Skoda's first new product here in more than a decade, has garnered over 100 orders in less than a month. Distributor JTA Motors said its showroom in Übiwaaso swarmed over the last two weekends
        125 words
      • Article
        Lock icon EnroSports Auto brings in new racer
        75 28 IF you're one of those wealthy upstarts behind a dot-com start-up, Lotus distributor Euro Sports Auto wants you. See, it has just brought in the new Esprit V 8 GT, a super-duper racer that does 0-100 kmh in 4.9 secondMnd a top whack 0f270
        75 words
      • Article
        Lock icon Automated toll payment at checkpoints
        72 28 TOLL payment at the Woodlands and Tuas checkpoints will be automated from next month. Payment of vehicle entry permits will also be automated at the two points as well as the Changi Ferry Terminal. Drivers of Singapore-registered vehicles will now be able to use cashcards
        72 words
      • Article, Illustration
        Lock icon VW unveils Sharan MPV in Geneva
        49 28 VOLKSWAGEN has introduced its new Sharan MPV at the current Geneva Motor Show. The changes made are subtle, but the model line-up gets two new engine choices —a 115-horsepower turbodiesel and a 204-horsepower 2.8-litre V 6. It also gets a new six-speed gearbox.
        49 words
      • Article
        Lock icon New plant to produce Porsche-VW car
        112 28 PORSCHE held a groundbreaking ceremony for its new plant in Leipzig last month. The new plant will produce its sport-utility vehicle (SUV) jointly developed with Volkswagen. The SUV will be the first made-in-OetUUUiy product of its kind in a while. Both Mercedes-Bern and BMW
        112 words
      • Article
        Lock icon A car that's as green as it's powerful
        116 28  -  Compiled by Christopher Tan THE newly-unveiled Porsche 911 Turbo is as green at it is powerful. It achieves a consumption of 12.9 litres pa?, 100 km, or 18 per cent lower than its predecessor. Exhaust emissions have been cut by 50 per
        116 words
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      120 29 Pay FIXED INTEREST RATE from date of first release NOT date of letter of offer A For housing loans without hidden conditions, call us —we have been financing homes since 1950 SB C 7 *fta«g!iki£&*riß*>sj Ist Year 3.75% p.a. (fixed) 2nd Year 4.75% p.a. (fixed) 3rd to sth Year 4.25%
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      138 30 GRANITE MARBLE DESIGNS, COME TO JIP HENG TODAY r* SEE MORE THAN 50 CLASSIC CONTEMPORARY STYLES AT OUR SHOWROOM Jip Heng Building Materials Pte Ltd is renowned for its exceptional collection of granite and marble designs. standard of workmanship that lias made us the preferred choice for designers and contractors
      138 words
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      115 30 j4 mana mhSmmSm Refngerator Freezers Tl»« »r*tM fceltt-la SXDS22VECNT 22 cu ft 620 litres Builtm. Side-Dy-siOe Ice'N Water'* Dispensing. Refrigerator, Black witn Stainless Steel door wraps and Solid Stainless Steel handles I ■■HI hJ 140 Pay® L«d»RoaC •04-06 A-2 BuMr>g *****5 Tp *****08 F«* (66) *****02 I 176 Road •03-43F
      115 words
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  • Page 31 Advertisements
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      106 31 COREX BUILDING FOR SALE Address 10 Tannery Lane Description A 7-storey factory cum warehouse building Land Area Approx. 1,782 9 sqm (19,191.14 sq ft) Gross Floor Area: Approx. 4,062 6 sqm (43,730 sq ft) Tenure Freehold Remarks Sate with tenancy For further enquiries, please contact Sol* Marketing Agent CB Richard
      106 words
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      Lock icon Page 31 Advertisements Column 2
      356 31 Prime Freehold Residential Site AT CAIRNHILL ROAD Site Area 19,800 sq ft h-^\\ ~Jg) X OGP Plot Ratio 2.8; up to 30-storey Close proximity to Orchard I \u Scotts Road Shopping Belt Good accessibility via |^w\i> Bukit Timah Road and CTE Walking distance to Newton TV"Wvi MRT Station --j-y /ZZZZ.cn
      356 words
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      208 31 Collective Sale ■«•«»»•«»s«i« ONE TREE LODGE Prime Freehold Residentiel Site at One Tree Hill/ Grange Road Site Area: 33,966 tq ft OGP Plot Ratio 2.1; up to 20-storey Situated within a prestigious residential enclave J ""iff Close proximity to Orchard/ Scotts Road Shopping Belt 22 March 2000 Thiiis at 3pm
      208 words
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  • EXECUTIVE Suite
    • Article, Illustration
      Lock icon Prime condos nearing peak levels
      1380 32 But some have a longer way to go. corinne kerk finds out how the market for top-end units is faring IT may come as a surprise, but prices of some prime residential projects are already hovering around the levels achieved at their peak which is
      1,380 words
    • Article, Illustration
      Lock icon Sharp hikes in development charge rates a surprise
      1806 32  -  l?W?^Ti7commenta^ amy khor Dr Amy Khor is director (research) at Knight Frank THE MINISTRY of National Development came out last week with a set of revised development charge rates that saw charges sharply up for residential, and even commercial land. The new
      Source: URA & Knight Frank Research  -  1,806 words
    • RESIDENTIAL PROPERTY
      • Article, Illustration
        Lock icon Euro-Asia ups price for 2nd phase Novena project
        388 31  -  Price for 50 units on 11th to 20th storeys will be 12 per cent higher at $1,090 psf Carol Eng EURO-ASIA will launch the second phase of its freehold Novena condominium later this month at a more confident pricing of $1,090 per
        388 words
    • BY DESIGN
      • Article, Illustration
        Lock icon Valued for its natural qualities
        1045 30  -  Timber flooring, most often seen in bedrooms today, is very versatile and can be used in just about any room in the home. chew talks to Lim Kok Hui of KLW Wood Products to find out more about the material MARISSA CHEW THE most expensive
        FILE PHOTO  -  1,045 words
      • Article
        Lock icon Untitled
        453 30 BAMCS/FWiANCE COMPANIES YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR HO YEAR 11-36 ABN-AMRO Bank (max of 30 yrs) 3.5000 4.2500 4.7500 4.7500 4.7500 4.7500 4.7500 Citibank* (max of 30 yrs) 4.5000 4.5000 4.5000 4.5000 4.5000 4.5000 4.5000 DBS 4.0000 5.0000 5.0000 5.0000 5.0000 5.7500 5.7500 Hong
        453 words
    • Article
      Lock icon HOUSEHUNT
      2964 29 Property transactions for selected districts lodged between Feb 8 and Mar 6. PROJECT NAME/ PW CONTRACT TENURE BUHT-W PRICE PSF PROJECT NAME/ PROP CONTRACT TENURE BULT-W/ PRtt PSf STREET NAME TYPE DATE LAND AREA* STREET NAME TYPE DATE LAND AREA* (SOFT) ISSOOO) (SS) (SOFT) (SJ'OOO) (S$) District 15 Sanctuary
      2,964 words
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      52 32 returns of to per annum 1 in Singapore dollars over the next three years with capital preservation. I i v» Call us on 737 0880 or complete and fax the coupon below to us for more information. e-mail: mktg@lloydstsb. com. sg ,l ''/"Vi' of mm' i.iii »/•!•,/> ;<.//./! /,<// ///./(>;/,.//
      52 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      308 33 Bridge News Reuters FUTURES continued their upward push, Clarkson Securities Ltd said in its daily Biffex report. April traded at, but failed to break the 1700 level. The Baltic Panamax Index moved up another 20 points to 1555 and possibly needs to gain a further 50 points just
      Bridge News; Reuters  -  308 words
    • Article
      Lock icon MARITIME STOCKS
      272 33 I St <1* CWT Distribution. 0.99 -0.04 20 Coico InvMtminl 0.20 0.01 87 Freight Links 0J8 0.03 ***** GS HoMktgp a 73 -0.01 MalS«>Hm 0.72 -0.01 190 IMC HoWtngcHK 940 unch 0 Joy a Holdings aw -0.01 n24 KeppeiCorp 3.62 -0.04 5651 Keppei FELS 1.09 -a 01 97
      272 words
    • Article, Illustration
      Lock icon Local players launch shipping portals
      538 33  -  Asiaship.com, CargoEzchange.net, LogHnb.com being set np this month Byi Ann Toh [SINGAPORE] A battle of the shipping portals is imminent as locally-founded Internet portals open for business this month. Three portals are due to be launched this month, following the E-freight portal development announced by
      538 words
    • Article, Illustration
      Lock icon ASA to extend service network to China
      185 33 [SINGAPORE] The Australia-South Asia (ASA) consortium of Regional Container Lines, Hanjin Shipping and Lloyd Triestino is to extend its'service network following Evergreen's pull-out from the consortium and its alliance with Cosco on new North Asia-Australia services. The existing ASA consortium members will retain
      185 words
    • Article
      Lock icon Transpacific cargo growth surprisingly up
      215 33 [SINGAPORE] Major container shipping lines operating in the Asia-US trade lane are experiencing unexpected cargo growth during what is typically a slack season Member carriers of the Transpacific Stabilisation Agreement (TSA) a discussion and research forum of 13 ocean and intermodal transportation companies met recently
      215 words
    • Article
      Lock icon Carnival to buy back up to US$1b in stock
      220 33 Share price of cruise line has fallen 37% this year Bloomberg [MIAMI] Carnival Corp, the world's largest cruise operator, said it will buy back up to US$l billion (Ssl7 billion) of its own stock, which has fallen 37 per cent this
      Bloomberg  -  220 words
    • Article
      Lock icon Taca to raise freight rates from April 1
      251 33  -  Currency and banker adjustment factors will also go np By] Donald Urquhart [SINGAPORE] The Trans-At-lantic Conference Agreement (Taca) announced that from April 1 it would raise freight rates for westbound and east bound traffic by between US$l2O (Ss2o4) and US$3OO under its
      251 words
    • Article
      Lock icon Grounded tanker off Saudi coast refloated
      135 33 Reuters [DUBAI] An oil tanker carrying about 2.1 million barrels of crude which ran aground in the Red Sea off the coast of Saudi Arabia has been refloated, shipping sources said. They did not say when the tanker Sebu, which ran aground on Saturday,
      Reuters  -  135 words
    • Article
      Lock icon NEWBUILDS
      211 33 OWNER COUNTRY SHIPS SIZE YARD/COUNTRY DEUVffiY Exmar Belgium LNG carrier 80,000 dwt Daewoo HI S Korea 2002 Vallos Steamship Canada Bulk carrier 172,000 dwt imabarl Zosen Japan 200? Canada Nanjing Changjiang China 2 x products tanters 40,000 dwt Dalian China 2002 AP Moller Denmark 2 x container ships 8,700
      211 words
    • Article
      Lock icon Fierce battle for Cunard's US$600m order
      527 33  -  By David Hughes BY the time you read this article, the outcome of one of the fiercest fought newbuilding contests of recent time may become clear. The prize is the contract to build the new Queen Mary for Cunard Five shipbuilders, all based in
      527 words
    • UNITED parcel service
      • Article, Illustration
        Lock icon Expanding with e-commerce
        1048 34 Delivery and transport firm invests in network expansion, technology and manpower development in Asia AS Asia emerges from the shadows of the regional economic crisis, air transport industry players have reasons to be optimistic of the great economic promises that the new millennium spells for the industry.
        FILE PHOTO  -  1,048 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      174 34 PAGE Delmas 4 Ad 6 °H* Ltovd 8 anl 3 Dongnama 3 Accord 8 £Cl 4 Appenship 5 GU L ne 6 Austral 8 EvergreM 6 Balaji Shpg 5 FoongSun 8 BSA 7 G Link 4 Btang Mas 8 Gemartrans 6 CCN1 7 Hangli 7 CMA 8
      174 words
    • Article
      Lock icon SHIPPING GUIDE
      17108 41 THEBUSINESSTIMES THEBU sinesstimes EXPORT :TA ETA Advertiser vassal Voyaga Talaphona ETA ETA Advarttsar Vnj» Voyage Tikphom >IN Dast'n Nan* Nam* Numbar Numbar SIN Oastn Nam* Mama NumOar NumOar 24/03 29/M CCNI PHNU SEOUL 0004E 0 *****33 Ho ABIDJAN (ABJ) 2003 Cot* D'lvolre To CAPETOWN (CRT) 2067 South Africa
      17,108 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        706 45 Vt»s«l voy No B«r1h Arrival Dapartura linens L< 200 J 1 *J07 08/03/6:35 08/03/1630 -U«*M i*l* MAR-01 J02 08/03/7 55 08/03/23:00 w Ufu I MAR-01 J02 08/03/6:15 08/03/23:15 C ProgrtSS 04-MAR J09 08/03/8 35 08/03/15:00 Owt Daya MAY-20 J03 08/03/8:45 09/03/1330 St P« T(tor2 ***** J01 08/03/9:15 08/03/23:00
        706 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1983 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Bounce Rstls Ship Voy No Etb/Btr Porlod From To From Acmmi rot 12/300 u oo/8M 09/1*51 oo/mm m oo/mm oo/mm oo/mm a oo/m» ovmm otmoo 21 00/I7W 09/0659 09/0900 3 09/0700 09/1159 Ot/MOO 4 09/1200 09/MM 09/1700 ASIMMT M3 12/MO
        1,983 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        206 45 Mar 10 Indonesia: Hari Raya HajiMalaysia: Hari Raya Haji. Singapore: Hari Raya HajiBrunei: Hari Raya Aidiladha. Mar 17 United States: St Patrick's Day Bank Holiday (Northern Ireland). Mju-18 Taiwan: Market Holiday for Presidential Election. Mar 20 Japan: Vernal Equinox Day. Apr 3 Taiwan: Women Children's Day. Apr 4
        206 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        815 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 market. Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        815 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        529 45 Cartoa '80 Mai 992.2 0.9 16.9 0.08 75 0.05 *l£ asm ssas.— l h asg SotT EH Jit o° *.o o.o2 i 0.0S 380 Mai 996.9 0.8 18.2 0.M 270 0.07 M/tri m/m h/k p»k MtiM Wo above G35 10 0 1 0 4 0 ISO/Cmmc
        529 words
    • AIR & LAND transport
      • Article
        Lock icon Boeing slows jet deliveries to replace fasteners
        326 46 Fasteners proned to cracking have been installed since December AP [SEATTLE] The Boeing Co has slowed deliveries of most commercial jets to replace substandard fasteners that have been installed since December, The Wall Street Journal reported. The fasteners, manufactured from an alloy that
        AP  -  326 words
      • Article, Illustration
        Lock icon Thai Airways, Swissair in cooperation deal
        547 46 Reuters [LONDON] Swissair parent SAir Group announced cooperation with Thai Airways International Ltd in a deal that alleviates each carrier's awkward position in the global system of airline partnerships. For Swissair the pact is a step towards replacing its former South-east Asian partner, Singapore
        Reuters  -  547 words
      • Article, Illustration
        Lock icon US lawmakers agree on record US$40b plan to improve airports
        430 46 AP [WASHINGTON! US lawmakers have agreed on a threeyear plan that would increase spending on airport improvements, air traffic control and other aviation needs by 30 per cent and would let local airport authorities increase departure taxes to US$4.5O (557.65)
        AP; FILE PHOTO  -  430 words
      • Article
        Lock icon Deny Virgin Chicago airport slots, United Air, TWA urge
        236 46 Reuters [WASHINGTON] The US government is being urged by major carriers to deny Virgin Atlantic Airways the takeoff and landing slots in Chicago it needs to keep operating its daily London-Chicago service during the summer schedule. On Monday, Trans World Airlines
        Reuters  -  236 words
      • Article
        Lock icon China Northern Airlines to buy 10 Airbus planes
        275 46 A 321 aircraft will be used on domestic and regional routes AFP [BEIJING] European consortium Airbus Industrie has signed an agreement to sell ten A 321 aircraft to China Northern Airlines. An Airbus statement said that the 10 are part of a
        AFP  -  275 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2015 46 CITY FlICMT ETA FU6HT ETC 8A7306 >840 MM* 8A7381 1930 8A7382 2050 I 1 Of81 1930 0f82 2050 FlMl S0909 1540 S0990 0125 AH8229 2230 CinnaTtmp S0803 1910 r r**> 0835 LM6380 2230 C23S3 2045 S0004 1015 1 ***** 22J0 VN741 13» VW740 1410 Amttrtem 5023
        2,015 words
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      195 34 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK with Real-Time Shipping Information (global home page) www.nykline.com SENLIM AGENCIES PTE. LTD. 133, New Bridge Road, #06-09, Chinatown Point Spore *****3. Tat *****00 fIHMM
      195 words
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      Lock icon Page 34 Advertisements Column 2
      596 34 This feature is contributed by UPS 1 WHAT'S NEW! Keep your on this spot for new services/clients. Find-Day sdwduU to JPN, TWN, HKG, PHI (Accepting FCU to Cambodn/Cabu/Sandoi/Mop /Hlrt/Hiraahima/Sam/Btw) OUTBOUND Ivor 1 JKTI walwu *«N B—J HKO KM. KHM OBA TTO TOK TKK SMZ MOO UO~ KIVWUT om 87.03 10.83
      596 words
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      Lock icon Page 34 Advertisements Column 3
      157 34 Lines services represented ImKWl] by Mem t >ers Registry of Accredited Shipping Agents S'pore National Shipping Assoc Members of the Singapore Logistics Association Q ULY UNE MALE vessel voy eta Tew eta P. KLAMC SPORE MALI Princess Lily VO2OO 13/03 14/03 22/03 Empress Lily VO3OO 29/03 31/03 07/04 Princess Lily
      157 words
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      1129 35 SAX SERVICE (DIRECT) Ivesa voy sxeu |u» |ok cm hou 1 m I m 1 nai I<n ntc aw sua oik i5/tn ao/w 04/04 04/04 04/04 04/04 04/04 04/04 qs/04 os/w AftTMMUOtSt 032t 22/03 06/04 11/04 11/04 11/04 11/04 11/04 11/04 12/04 12/<X AftSAKPOMYX 01* 30/03 13/04 l»/04 l»/04 IS/04
      1,129 words
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      Lock icon Page 35 Advertisements Column 2
      1741 35 ®HANJIN SHIPPING lik Pi WW i ikMytlMi Sobs *****30 HANJM 9mm (5) m IT» MOKJW *****1*237 SUB *****24 231 OOCUHBn *****71 274 OftUIWIS *****5*251 MMUM *****55 MX *****40 a NO: **********0 M ITO NW USA A CANADA I USA 1 CANADA* FW W/VOT UN SM UNI HMJI/VOT SU TTW jDO
      1,741 words
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      Lock icon Page 35 Advertisements Column 3
      173 35 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL MO 8558 CONSOLIDATION, WAREHOUSING. TRANSPORTATION, I household removal and car transporter LCL CQNSQLIOATION SERVICE An affiliate of Mitsoi OSK Unes Hai Sun Hup Group TTT Cmmm Eonoa Mattes no LU destination -EA am TOKYO/YOKOHAMA/NAOOVA/KOBE 12/03 torn
      173 words
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      1552 36 DSR-SENATOR UNES TO UK/CONTINENT TO MEDITERRANEAN/CANADA Vtsstl WW SW LfH RTM AHR HWI BRV Fil VtSSa VOY MM AT >W HB UIC Wll PQHMKsauTon hum rn mb an vn an an an mofkswator bmiw nn an an an iim an TRAOf ETERMI.Y H2SW 1103 CM 83 94 an 31 n
      1,552 words
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      Lock icon Page 36 Advertisements Column 2
      815 36 m*m mac-nels s pore m sia Carrier MN CONTR LINES, INC P. GUOANG: (07) *****26 I HWVvI CW NOi iaOM7WOOOC SBU: (064) *****9 MAMLA (632)*****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P. KELANQ: (03)*****77 JKT (21)*****46 KUOBNG (062)*****1-3 MOJI MANILA MV "WAN HAI 213" V. NOB 4
      815 words
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      Lock icon Page 36 Advertisements Column 3
      643 36 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO Vetscl S PORE H SMEVA COLOMBO P KLANG CAPE CHEUS V 103W 12 MAR M MAR 20 MAR 01 AT* CAPE CANAVERAL Vl2tw 11 MAR 21 MAR (2 APR M APR TULStOAS V 122 26 MAR 04 APR B9 APR IS APR CAPE CREUS VIO4W
      643 words
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      1830 37 VESSEL VOY KHH HKO 8W PKQ PXB PMM BA BM IRAN TABATABAEI PCL-144 01/03 03/03 07/03 08/03 18/03 19/03 21/03 23/03 IRAN SATTARI PCL-145 08/03 10/03 14/03 15/03 25/03 26/03 28/03 30/03 IRAN BAAKERI PCL-146 15/03 17/03 21/03 22/03 01/04 02/04 04/04 08/04 IRAN HESABI PC L-147 22/03 24/03 28/03
      1,830 words
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      Lock icon Page 37 Advertisements Column 2
      1165 37 NEW SIEVKI 1 WEF VM 2000 I SIN/HUANGra, XIAMEN, SNEKOtf I X HMAMOPO, XIAMEN, MEKOO/SWI J GENERAL AGENTS IN SINGAPORE: 80 ROBINSON RD TEL 226 1900 FAX: *****08 OUTWARD (8/1) *****02 JOHORE OfFKE; COSTAR SHIPPING PTE LTD #12-00 SALES/IKGS 4205*57/43 inward DEPT (D/O> *****85 COSTAR AGENCIES (M) SDN BHD CR
      1,165 words
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      935 37 i n EUKOPI iXPKKSS SEHVICE EXPORT T IMPORT yiun VOT .Mi UH Imj MB ham IKI HI Ivb sa VOT i m HAM jHI tfH SM SSnM-SS-Bf-BS-Kfi -88 o? -gff smr' 5 -wwii'ttiß mm m ii« Masr* ail ii Iffig m MmA<gPTM6 (ARCOfS TO A HKMt I) WW. MMHHRWM. MOSCOW.
      935 words
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      1450 38 EUROPEAJK/SCANDINAVIA/FINLAND/RUSSIA SGP RDM ANW HBG THP ZEE LHV LHV THP RDM ANW HBG PKL SGP E DELUXE RW-014 11/03 30/03 05/04 01/04 03/04 04AM 05/04 E. REACH RE-027 17/02 19/02 11/02 20/02 22/02 12/03 13,1*3 E DIVINE RW-009 18,03 06/04 12/07 ***** 10/04 11/04 12/04 E REPUTE RE-023 24/02 26/02
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      1050 38 ADVANCE CONTAINER LINES (PTE) LTD Z\ I I Z TEL: *****21. FAX *****19. TELEX :RS ***** ACLPL FOR BOOKINGS PLEASE CALL: *****22 SALES A MARKETING *****21-28 OPERATIONS: *****60* *****05 CR NO **********0E IAWCKOK IMpMiwi JAKARTA-(7Ulllm^Wwt) VESSEL VOY SIN BKK VESSEL VOY SIN JKT KOTASBa (PAT/LCH) KSEO39 9/3 Dm 12/3 Sun
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      429 38 IH-'IJJIJMIIUJI SO TEL OK BLANGAH ROAD M 2-02 CITIPORT COTRE STORE *****0 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W wssa W ETC OESTMOTON MMUKMK IttZnOIMOZBO IKB2MO KL ML** ww nam nmim vmam pontwmk UMMU *****0 IMQ2DOO 130&2000 NMLWSMN PORT/TONTIMMK mmukma For enquiries and bookings please
      429 words
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      381 39 BSfl n. M MYANMA wBBk FIVE STAR LINE (MysNMor National Lino) loading for Yangon (Rangoon) VTSSn VOY SIN PKL PEN NU HPA-AN 267W SLD SAGAJNG MW 22/03 MALAYSIA AGENTS: OOUSTIAD SHIPPING AGENCIES KUL m (03)*****00 PKL: TEL (03) *****01 PEN: TEL (04)*****02 PGLh TIL (07)*****21/4 BANK LINE (A swvkt of
      381 words
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      1187 39 HMM^ HYUNDAI MERCHANT MARINE CO., LTD. ivßsa vor s» sou i» mi ant now obv n ivtssa vor|sou|ia|»Tw|/>wlHMiltvlmlswl B* am 09/03 27/03 01/04 »/03 JO/03 MUCOSAL 018 lt/B 20/02 14/02 H/02 00/03 UlOßf S33W 10/03 31/03 01/04 24/03 21/03 HY ANNUL 3241 14/02 10/02 14/02 17/02 09/03 HY FEDERAL 323W
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      662 39 v&v WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA 'CAR RORO HEAVYUFT SERVICE" |vt«a I vor iw height iik ik mao |mu sav bal o«f htc kw mob HIABOT AHOO6 4001 M 6.3* 11/03 10/04 11/04 21/04 23/04 25/04 24/04 21/04 01/05 06/05 UMPIRE AHOO7 4001 M 6.3 M 29/03 26/04
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      331 40 MOVE WITH THE TREND NOW./--/ CONNECT WITH RCL NOW GOING ON LIVE WITH INTERNET BOOKING AT http://www.rclgroup.com SHIPPING PTE LTD 20 TOH GUAN ROAD *08-01 SINGAPORE *****9 TEL *****15 (40 UNES) FAX *****30 DIRECT ACCESS TEL *****55 (EXPORT ROOKING) *****34 (EXPORT DOC), *****39 (IMPORT) URL; HTTP://WWW.ACCORD.COM.SG Mumbai Calcutta Chennai Colombo
      331 words
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      357 40 INDONESIA NATIONAL LINE TO AUSTRALIA I FULL CONTAINER SERVICE *a he aw m m ?n m m ta m VIIVOfT m 11/n 14/4B »/#3 H/OJ »/03 11/01 mawMD lis" i/oii/S li/m nm mm w/S imbi ~m i7/na/oi n/o« ~m/m n/n u/04 WW m P/WM/W 14/ M H/04 1«/ M 11/
      357 words
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      802 40 VESSELS VDY W I PKL JED MLA LEH RTM HAM ZEE SOT VlL£ P 1 AQUARIUS LQBW 14/03 15/03 23/03 28/03 02AM 04AM 06AM 07/04 00** VNJ-E DE ANTARES L3BW 21/03 22/03 31/ TO 04/04 08AM 11/04 13AM 1W 16AM VMXE DE VWGO S3BW 28AX3 29H03 08AM ICttM 180> 17/04
      802 words
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      60 43 I New Advertisers/Services/Agencies '0 STL CONTAINER LINE For Services To Vietnam Calcutta Mon/Wed/Fri Pg 6 STANDARD SHIPPING AGENCIES PTE LTD Offers Weekly FCL/LCL Services To EAST MALAYSIA PORTS DETAILS Pg 8 KYOWA LINE Direct Breakbulk/Container/LCL Service to Manila/Guam/Saipan Agents: V-Grow Shipping Pte Ltd See Page 7 Daily Wfallenius Wilhelmsen New
      60 words
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  • Page 45 Miscellaneous
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      128 45 K^REGIOriAr WEMTHESFSBLjtIfe V 1 legend: "issued"by Meteorological Service Singapore [<£ Thunderstorm t. showers Y. Rain Temperature Cpf Wind direction and speed in knots Ram Weather U Cloudy Day Sea Conditions Wind speed symbols 1 1 Slight. < 1.2 m 0 Full circle w/o line indicates calm or light and variable
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