The Business Times, 17 March 2000

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Total Pages: 46
1 46 The Business Times
  • 19 1 THE BUSINESS TIMES MfTA (P) 035/12/1999 I Internet: http.7/business-times.asial .com.sg/ SI NGAPORE FRIDAY, MARCH 17, 2000 85* 1 'f
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  • 51 1 STOCIIABKET INDICES Thursday Change KLSECOMP Oned NIKKEI lMttM—+17U3 BANG SENG 16J5990 -38&20 SET INDEX J96.83 +M3 I JAKARTA COUP Owed MANILA OOMP 7 -8J3 TAIPH WP1 MK7C +4173 SEOUL COMP 841.8 +10 CL8A CHINA B 71SJ0 *71 AUSTALLORD +1179 11am EST Ctage DOW 1M64J2__+222JH NASDAQ 4,481.12 8APM9 1,419.12
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  • 77 1 F0SEZ1ATES USI St 1381 1.710 HU8S/8SperS) 1*74 2.802 EU®0(U8S/S$/E) IJ68 IM DM 2.0! I 9.846 TBI IKJ 1.515 KM 1800 1.460 HKS 7.784 0.220 BART #7.88 0.045 IUPIAH 7,440 OJttJ* St to NO units f,w v •SStoMOunMs PUKE BATES SINGAPORE* 6.80 KUALA LUMPUR 7.67 JAKARTA JUM BANGKOK 9.56 MANILA
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  • 500 1  -  iiexclusive Bnt industry's growth is expected to be slower than its regional competitors' By i Carol Eng IMiMUAfUKKj Singapore's semiconductor industry is expected to enjoy strong sales and firm prices in the short term but it is likely to grow slower than the
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  • 343 1 PM Clark cites future problems with the carrier being perceived to be controlled by S'pore AP [WELLINGTON, New Zealand] The New Zealand government has effectively refused to allow Singapore Airlines to buy a stake of up to 40
    AP  -  343 words
  • 926 1 LAT [NEW YORK] Here's where Alan Greenspan earns his pay. As chairman of the Federal Reserve Board, Mr Greenspan is confronting one of the trickiest centralbank policy conundrums in years. In short, things have not gone as he would have hoped over
    LAT  -  926 words
  • 264 1 Nasdaq drops 99 at 11am, bringing losses to 11.2% Reuters Bloomberg [NEW YORK] The so-called "old-econo my" stocks continued to reassert themselves yesterday, with the Dow Jones In dustrial Average rising 222.91 points afler 90 minutes of trading yesterday, building on its 320-point or 3.26 per
    Reuters; Bloomberg  -  264 words
  • Page 1 Advertisements
    • 110 1 BSTOE Top stories European Central Bank raises benchmark interest rate to 3.5% from 3.25%. Pg 16 BMW selling Rover to UK venture capital group Alchemy Partners alter US$l Ob in losses. Pg IS BBC's mandate: plough much-needed resources info East Asia, and do it fast. Mmxt Page I Insurance industry
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    • 17 1 Greenspan speaks, but who listens any more?, Pg 12 Editorial: Tough call for the Fed, Pg 12
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    • 134 1 Whither StOCkS? BPg 4 >1 Softbank president's V I grand design begins to unfold BPg 3 V. How covered warrants Surfing for the best can be used to leverage travel portals, old economy stocks. EXEC LIFESTYLE. EXEC MONEY. EM 1 EL 1 Regulators sound alarm on tech mania Next Page
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  • NEXT page
    • 390 2 Margin lending ap at record high in US while UK sees spike in unsecured loans FT [LONDON] Financial regulators have joined a mounting chorus of public warnings about the dangers of investing in technology stocks. The latest warnings reflect rising international concern about the
      FT  -  390 words
    • 668 2  -  It is setting up team, headed by new director, to raise distribution throughout region By Corinne Kerk [SINGAPORE] Winds of change are blowing through BBC World and sweeping its managing director, Patrick Cross, into town with a mandate
      SIEW YAW HOONG  -  668 words
    • 414 2 First support seen at 4,750 and bottom at between 4,400 and 4,500 Reuters [NEW YORK] While speedy and dramatic, Nasdaq's recent tumble has not come to an end, say technical analysts, who see signs of a deepening correction in technology stocks. "The market correction
      Reuters  -  414 words
  • Page 2 Advertisements
    • 499 2 KPMGSeminarSeries Goods Services Tax Specialised Industry Workshops 2000 Orchard Hotel Singapore, 9.00 am to 5.30pm What The GST Services Unit of KPMG will run a series of industry-focused GST workshops between March and September 2000. This emphasis on specific industries is to match the demands of a new global economy.
      499 words

  • INTERNET banking
    • 1285 3  -  Japan's Softbank is fast transforming itself into an electronic universal bank, reports Anthony Rowley in Tokyo Anthony Rowley WHEN Japan's Softbank began making headlines a year or so ago, many assumed that it was a conventional bank rather than an Internet holding company. Now, as
      REUTERS, AFP photos  -  1,285 words
  • Page 3 Advertisements
    • 205 3 VINTAGE 1999 AUTOMATIC CHRONOGRAPH As Manufactory by vocation, GIRARD- C With its innovative and robust design, PERREGAUX has invested all its expertise entirely hand-made in the Manufactory's in its latest chronograph movement, the workshops, this movement is particularly automatic GP 3080. Fitted with a column suitable for shaped watches like
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  • SINGAPORE companies
    • 730 4  -  But they may continue to languish in the near term as investors focns on technology, telecoms stocks By I Carol Eng PROPERTY stocks are just a whisker away from their 52-week lows, and investors are starting to sniff out bargains. Selective nibbling of
      Source: Bloomberg  -  730 words
    • 533 4  -  ifrMH locksiew al labita POREIGN funds would only cheat themselves and their monied clients if they continue their panic selling of Manila stocks. Talk that the alleged BW Resource Corp insider trading scandal has impaired the market's credibility is a lot
      533 words
    • 415 4 Bloomberg [TOKYO] Airbus Industrie, the world's second-biggest planemaker after Boeing Co, said it's close to reaching agreement with Singapore Airlines on orders for its A3XX 555-seat "superjumbo" jet. The consortium of European aircraft makers is in "detailed discussion with Singapore Airlines",
      Bloomberg  -  415 words
    • 494 5  -  Bat S&P sees hostile operating environment ahead By I Soh Tiang Keng THE Singapore insurance industry has remained intact after surviving the Asian investment crisis. It has entered the downturn with a respectable balance sheet and has benefited from the quick rebound in asset values
      494 words
    • 1010 5 S'pore-b&sed businessman wants to help investors move into Indonesia AFX-Asia [JAKARTA] Singapore-based businessman Edward Soeryadjaya said he sees a role for his companies, particularly his newly acquired investment firm, PT Mandiri Intifinance, as a facilitator for offshore investors hoping to enter Indonesia. In an interview
      AFX-Asia  -  1,010 words
  • Page 4 Advertisements
    • 411 4 NOTICES advertise call toll-free Ifinn-74i iftfn Fa* Wn 741 ioqql VEHICLE TECHNOLOGY OF SINGAPORE PTE. LTD. (INCORPORATED IN SINGAPORE) (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of Vehicle Technology of Singapore Pte. Ltd. are required on or before the 17th day of April 2000 to send their
      411 words
    • 398 4 ixvi a aa da ma si Mii TIBS HOLDINGS LTD (Incorporated in toe RepuMc of Singapore) ANNOUNCEMENT NOTICE OF BOOKS CLOSURE DATE THE PROPOSED BONUS ISSUE OF A MINIMUM OF 45,958,411 NEW ORDINARY SHARES OF $0.50 EACH ("BONUS SHARES") AND A MAXIMUM OF 55,823,107 BONUS SHARES ON THE BASIS OF
      398 words
    • 331 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TAKARA ENGINEERING (S) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290(2Xb)] At an Extraordinary General Meeting of the Company held at 4 5 Akasaka 2Chome, Minato-ku, Tokyo 107-8655,
      331 words
    • 21 4 NTUC Choice Homes pricing Tropical Springs to sell, Pg 6 Bottom line: Estrada loses the flot in market fiasqp, Pg 12
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  • Page 5 Advertisements
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  • SINGAPORE news
    • 342 6  -  New York tech investor GEM and M'sia's Daichi spearhead listing move Soh Tiang Keng SINGAPORE-BASED Xudio.com, a leading Asia-Pacific Web-based music service provider, plans to seek a listing in the United States. The company said the listing move is spearheaded by the Global
      342 words
    • 455 6  -  How about investing in ab&lone farming in Sonth Australia? By> Jane Cheong DO you remember your very first taste of succulent, juicy abalone drenched in steaming sweet gravy that suddenly jolted all of your jaded tastebuds to life? Unfortunately, abalone of that quality does not
      ARTHUR LEE  -  455 words
    • 488 6  -  Condo to be launched next week at 'low $600 psf range' By\ Kalpana Rashiwala NTUC Choice Homes will launch next week the 242-unit Tropical Springs condo located diagonally opposite the Simei MRT Station at more than $600 per square foot on average,
      488 words
    • 361 6  -  i =ii=i on tne economy retail By Soh Tiang Keng SINGAPORE'S retail trade has got off to a robust start in the year 2000. Retail sales volume soared by 40.2 per cent in January this year over
      Source: Dept of Statistics  -  361 words
  • Page 6 Advertisements
    • 149 6 Ref. 014 (180 x 110) 9 Ref: 016 Marble Top $3285 Wood Top $2585 Aniline Leather. Armchair $2588 Ref 015 (200 x 121) Anilinc I cathef 188 Pon X skin 1288 2 Seat Sofa $3688. 3 Seal Sofa $4788 Marble Top $3685 Wood Top $2785 -rkf <oL Ref 027 Leather.
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    • 272 6 Buy It. Sell It. Find It. Classified. Hy Call Today For Results Tomorrow. 1800-737-1166 'MNCs (multinational companies) now look at the Looking beyond pay and benefits: Total rewards region as one production area' and relocation out approach to attracting, retaining and motivating staff of the region spells bad news...as the
      272 words

  • MAIL bag
    • 352 7  -  Teo Ee Hian WHILE I have no objection to compulsory land acquisition as long as it is for some specific national interest, certain issues need to be reviewed. Compensation for acquired properties should be at market price, and not the lower of market
      352 words
    • 170 7  -  Tung Swee Law THE Singapore Exchange (SGX) is living in an ivory tower. It should let the market decide what it wants. Stopping stockbroking companies from giving incentives to small investors is not the prerogative of the SGX. The exchange should have better things to do
      170 words
    • 274 7  -  Narayana Narayana R SIVANITHY gives a more rational and balanced approach to the question of short-selling on the Singapore Exchange than the highly emotional and, if I may say, rather ill-informed letter by a contributor (a share investor for over 20 years) to The Straits
      274 words
    • 224 7  -  Pang TK IT seems that the agent banks (for CPF investors) are not yet in the information age. Considering the amount of investments made using modern computers and software, it seems they have yet to understand the full potential of the computer system. Processing
      224 words
    • 332 7  -  Tan Kok Tim IT is reported in the media that Kodak will have wireless camera technology by end 2001; that Starhub is giving free handphones by April 1, 2000, (this is long overdue); and that Pidemco is planning to build a
      332 words
    • 109 7  -  Bin Ong I READ with interest the letter, "Too much credit given to DBS chief John Olds?" (BT, March 14) and the reply from your correspondent that since DBS outperformed the other banks, it is therefore the leader. I believe the only reason DBS
      109 words
  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 322 8 51N990 Sun Tzu's Art of Business "One who increases his preparations will advance." *9®; ,l. vHm a&*i* ''oßhk m. On our Day Flights to London, Take Advantage of the Full Business Facilities. For that important meeting in London, half the battle is won if you're fully prepared. That's And while
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  • eNews
    • 668 9 Listing of Euro online agency Step Stone heralds Internet's arrival in sector FT THE high street recruitment agency and the newspaper job advert may soon be getting their P4ss if a growing band of Internet recruitment companies have their way. That may sound
      FT  -  668 words
    • 298 9 SAN JOSE, California Rising sales of office equipment and other items prompted move Bloomberg EBAY Inc, the largest Internet auctioneer, is offering an online site where small businesses can bid on merchandise as the company enters the fast-growing market linking businesses with suppliers.
      Bloomberg  -  298 words
    • 520 9 CAMBRIDGE, Massachusetts NYT PASTA eaters have their patron saint. So do tax collectors, beggars, seekers of lost articles, supporters of lost causes, students, people with troubled marriages. St Giles guides the disabled, St Expedito aids the procrastinator, St Raphael will get a friendship
      NYT  -  520 words
    • 548 10 NEW YORK Complexity of application and security issues put most customers off Reuters US online mortgage lenders are growing, industry experts said, but not quickly enough to satisfy investors who had bid up their stocks on hopes consumers would abandon their local bankers and surf
      Reuters  -  548 words
    • 335 10 SEATTLE Reuters MICROSOFT Corp isn't just doing Windows anymore. Now it wants to help sell you a whole house. The software giant, best known for its übiquitous Windows operating system, said yesterday it is launching a joint venture to cash in on the
      Reuters  -  335 words
    • e Briefs
      • 55 10 AFP [HONGKONG] Hongkong mobile telephone provider Sunday Communications made a weak debut yesterday in a cautious market and amid a correction in technology stocks, dealers said. Sunday shares cloeed at HK13.575, 5.4 per oent below its initial public offer price of HK98.78. A total 0f242.06
        AFP  -  55 words
      • 57 10 Reuters [ORLANDO, Florida] Professional golfer Sergio Garcia of Spain standing in front of a computer with Microsoft's "Links" PC game on Wednesday before the start of the Bay Hill Invitational tournament Garcia is a spokesperson for Microsoft and the Virtual Golf Association Tour that ■"**yed on
        Reuters  -  57 words
      • 85 10 Bloomberg [NEWMALDEN, England] Gaming Internet pic, owner of the Sports Mad Web site, and Sportlngbet com have signed a one-year agreement to provide an online fixed-odds betting service on sports ranging from soccer to golf. Sportlngbet, a tax-free Internet and telephone betting company, will operate
        Bloomberg  -  85 words
      • 68 10 Ernst Young to raise Net investments Bloomberg [NEW YORK] Ernst Young, the world's third largest accounting and consulting firm, is expanding its investments in Internet companies to include supporting established corporations that want to set up Internet outfits. The firm, through its Dare Step incubator practice, is opening offices in
        Bloomberg  -  68 words
      • 106 10 Bloomberg [SEOUL] Serome Technology Inc, which is the sole provider of free Internet telephone service in Korea, will buy local portal site Naver to expand its business, looking to reach more customers in Asia's second largest Internet market. Serome declined to discloee an estimate
        Bloomberg  -  106 words
    • 322 10 GENEVA More parcels can make np for fewer letters EU official Reuters THE rapid spread of electronic mail could pose a serious threat to national postal services unless they move quickly to adapt, a senior European Union (EU) competition official said on Wednesday.
      Reuters  -  322 words
    • 161 10 COLOMBO Reuters COMPAQ Computer Corp yesterday said it saw strong potential from business related to electronic commerce in South Asia, because of the region's large population and economic growth prospects. "There is a lot of potential for e-economy in South Asia. We
      Reuters  -  161 words
  • Page 9 Advertisements
    • 330 9 En Primeur guarantees supply of the wine at opening price. That is its benefit. Due to centuries-old tradition and the need for financial balance for wine producers, only those merchants, brokers and negociants who have very long and good relationships with the Chateaux are given allocations of "En Primeur" or
      330 words
    • 719 9 [jjjjTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I IN THE MATTER Of THI COMPANIES ACT, CHAPTER SO AND IN THE MATTER Of UAN HUP TEW INVESTMENT PTE LTD (Members' Voluntary liquidation) Al on Extroordinory General Meeting of the of UAN HUP YEW INVESTMENT PTE LTD, duty
      719 words
    • 679 9 GOOD BUYS YOU SHOULDN'T MISS AT OUR CARPET AUCTIONS You II definitely welcome the good buys in our newly-arrived shipment of finely handknotted Oriental carpets from a European supplier, to be auctioned off this weekend, most of which will have no minimum reserve price! SATURDAY SUNDAY 1 8 MARCH 19
      679 words
    • 313 9 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER Of PNT MARKETING PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP Ai an Extraordinary General Meeting of the Member* of the above named Company, duly convened and held at 13 Kaki Bukit Road 2. KB Warehouse Singapore
      313 words
    • 540 9 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ANO IN THE MATTER OF OKINS TRADING PTE LTD (In Member*' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 39 Robinson Roed *07-01 Robineon Point Singapore *****1
      540 words

  • Page 10 Advertisements
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  • Page 11 Advertisements
    • 50 11 f y 1 i y/I PROUDLY PRESENTS *if* sMT I- j *:Ml THE MUSIC AL Constellation «Carre» PERFORMANCES FROM 30 MARCH TO 16 APRIL 2000 KALLANG THEATRE SISTIC BOOKING HOTLINE 348 5555 Booking Website: www.sistic.com.sg Produced by BARRY and FRAN WEISSLER, DAVID ATKINS ENTERPRISES and INTERNATIONAL MANAGEMENT GROUP .H Hfl
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  • EDITORIAL & opinion
    • 709 12  -  HTTT4 I bottom line OPINION al labita The writer is BT's Manila correspondent HOW is it that President Joseph Estrada and his senior cabinet officials didn't know beforehand about last week's shocking order of a Securities and Exchange Commission (SEC) official to shut
      709 words
    • 122 12 'If and when Taiwan becomes reunited with the mainland, internal demands will grow for the settlement of China's remaining irredentist claims.' -Jose Almonte a former national security adviser to the Philippine government. 'Do not just act on impulse at this juncture, which will decide the future course
      122 words
    • 662 12 EDITORIAL MOBODY, not even the US Federal Reserve chairman Alan Greenspan, can say for sure how many US interest rate hikes it will take —if at all —to cool the US stock market, especially the supercharged Nasdaq. Taking this situation as the starting point the
      662 words
    • 950 12  -  He warns of irrational exuberance, bnt says a new economy can keep growing without inflation By Jeff Madrick NYT US Federal Reserve chairman Alan Greenspan is no longer taken as seriously on Wall Street as he once was. Why else did the strong
      NYT  -  950 words
    • 735 12  -  COMMENTARY His use of issue ads being adopted by richer Republicans By 1 Robert Reich The writer, the former US secretary of Labor, is a professor of social and economic policy at Srandeis I iii'ersity LA Times YOU'D be forgiven if you thought of
      LA Times  -  735 words
    • 148 12 Bra loses his cool CHINESE Premier Zhu Rongji warned the Taiwanese people yesterday to vote with a cool head in Saturday's presidential election. But the manner in which he cautioned them against choosing a pro-independence candidate, namely the Democratic Progressive Party's (DPP) Chen Shui-bian, was anything
      148 words

  • REGIONAL news
    • 477 13 PEOPLE It will pay HKs6oom for the rights and to re-master them to a digital format Bloomberg [HONGKONG] Ananda Krishnan, the tycoon who owns Malaysia's sole satellite television network, will buy one of the world's biggest archives of Hongkong-made movies for his 28v channel
      Bloomberg; NSTP  -  477 words
    • 209 13 KUALA LUMPUR AFP MALAYSIA'S government might follow the Malacca state government and stop dealing with banks staffed by opposition sympathisers, Prime Minister Mahathir Mohamad said yesterday "How do you trust a bank whose workers are against you and who have been known to
      AFP  -  209 words
    • 546 13 JAKARTA Lenders fear reforms to protect creditors are stalling Bloomberg JAKARTA'S bankruptcy court threw out two cases against debt-ridden Indonesian companies this week, confirming concerns among lenders to hundreds of struggling corporates that reforms to boost creditor protection are stalling. The Jakarta
      Bloomberg  -  546 words
    • 246 14 TAIWAN POLLS AFP [TAIPEI] Some 40 per cent of Taiwanese believe the island's presidential elections could be swayed by Chinese Premier Zhu Rongji's blunt war-threatening rhetoric, according to poll findings published yesterday. But 29 per cent of respondents said they were not nervous about
      AFP; REUTERS  -  246 words
    • 188 14 HONGKONG Bloomberg SUNDAY Communications Ltd fell more than 5 per cent on its first trading day in Hongkong in a lacklustre debut that cast a pall over a year-long rally in technologyrelated shares. Hongkong's No 5 mobile phone company closed at HK$3.5B
      Bloomberg  -  188 words
    • 641 14  -  PEOPLE His pro-independence platform has gained him support among Taiwan's business leaders From'. Macabe Keliher in Taipei PRESIDENTIAL candidate Chen Shui-bian's use of his pro-indepen-dence platform to consolidate support among Taiwan's business leaders could clinch tomorrow's election for him, analysts said. This is reflected in
      AP  -  641 words
    • 308 14 HONGKONG Reuters A PACIFIC Century CyberWorks Ltd (PCCW) executive said yesterday the company's relationship with Japan's Softbank Corp remained strong despite disparaging comments from a Softbank official last week. Referring to Softbank's president Masayoshi Son, PCCW managing director Alex Arena said: "His relationship
      Reuters; FILE PHOTOS  -  308 words
    • 459 14 BEIJING It has allowed a listed trust firm to become a securities brokerage Reuters CHINA has taken a big step in the reform of its financial industry by allowing a listed trust firm to become a securities brokerage, analysts and company officials said. Xinjiang
      Reuters  -  459 words
    • 345 14 TAIPEI More selling pressure expected ahead of elections Reuters AFP THE Taiwan government pulled an estimated NT$3O billion (SSI.7 billion) from its stock market medicine chest for the first time yesterday to turn an opening free-fall into a 0.5 per cent rise. The
      Reuters; AFP  -  345 words
    • NOTE Book
      • 67 14 AFP [MANILA] Philippine President Joseph Estrada will convene his security council today, officials said yesterday, amid political jitters caused by allegations of corruption in the government. Mr Estrada's presidency has also been wounded by an insider trading scandal at the Philippine Stock Exchange revolving around
        AFP  -  67 words
      • 56 14 AFP [KARACHI] Pakistan's deposed prime minister Nawaz Sharif and his brother have been hospitalised in Karachi for medical treatment, their lawyer said yesterday. Mr Sharif and his brother went for a medical check-up on Wednesday and stayed in the hospital, said Khwaja Sultan, the leading
        AFP  -  56 words
      • 66 14 Bloomberg [NEW DELHI] India extended its consumer law to cover Internet transactions and to genetically modified food to help protect the interests of consumers. "The Consumer Protection Act is competent to cover subjects like genetically modified food and services like e-commerce under the existing law,"
        Bloomberg  -  66 words
      • 83 14 Bloomberg [NEW DELHI] India has allowed SSI Ltd, a computer education and software developer, to raise 4.4 billion rupees (***** million) through the sale of shares abroad. SSI will use the money to set up a software development centre in the southern city
        Bloomberg  -  83 words
      • 57 14 AFX-Asia [SHANGHAI] China's plans to establish a gold exchange market will be delayed to next year, the Shanghai Daily quoted the World Gold Council North China manager Roland Wang as saying. It added, Shanghai Huatong Non-Ferrous Metals Market's Jan 4 plans to launch a spot
        AFX-Asia  -  57 words
      • 89 14 Bloomberg [BANGKOK] Krung Thai Bank will sell a chunk of its bad loan portfolio to Thailand's central bank, in a move to help clean up the balance sheet of the country's second-largest bank. All of Krung Thai's loans in arrears at least a
        Bloomberg  -  89 words
    • 314 14 BEIJING Bloomberg CHINA intends to speed plans to develop two technology-focused stock markets, giving upstart companies ready access to cash without the time and expense of an overseas listing. But securities regulators are still working to ensure the so-called second boards in
      Bloomberg  -  314 words
  • Page 13 Advertisements
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      237 words


  • WORLD news
    • 631 15 DEMIITI lAI ISIMP.nW-W LONDON Market expects it to respond more quickly to the changing financial environment AFP MEMBERS of the London Stock Exchange voted overwhelmingly on Wednesday to become a public listed company, staking their claim to a leading role
      AFP  -  631 words
    • 360 15 WASHINGTON Bloomberg A GROUP of small brokerages said it will campaign against the Nasdaq Stock Market's US$l billion (Ssl.7 billion) proposal to become a for-profit company, and likely will file a lawsuit seeking to halt the plan. "The conversion is not
      Bloomberg  -  360 words
    • 261 15 WASHINGTON Bloomberg THE Federal Reserve has made it easier for foreign banks to enter the insurance and securities businesses in the US, saying all they have to do is give notice before expanding. The rule change, which allows the expansion
      Bloomberg  -  261 words
    • 488 15 TOKYO Bloomberg MCDONALD'S Corp raised more money selling bonds in Japan this year than it earned dishing out Big Macs there in all of 1999. US companies, including Ford Motor Co and General Electric Corp, are raising money selling
      Bloomberg  -  488 words
    • 408 15 TOKYO Move is to create a deeper, more efficient market Reuters THE Japanese government plans to propose legislation shortly that could turn the Tokyo Stock Exchange (TSE) into a commercial enterprise to create a deeper, more efficient market, a finance official said yesterday. A
      Reuters  -  408 words
    • 407 16 AMSTERDAM It expects profit to grow by at least 10% this year Reuters DUTCH ING Groep NV became the latest financial services company to announce a huge e-commerce push, saying yesterday it would plough two billion euros (553.3 billion) into e-commerce banking in
      Reuters  -  407 words
    • 175 16 WASHINGTON Bloomberg AFP US inflation at the wholesale level, driven by a sharp hike in energy prices, rose one per cent last month, the Labor Department reported yesterday. Wall Street analysts had foreseen a rise of 0.6 per cent in the department's producer price
      Bloomberg; AFP  -  175 words
    • 573 16 FRANKFURT Region's inflation rate expected to rise farther in next few months, bnt Bank chief thinks it'll fall Bloomberg THE European Central Bank raised interest rates for the third time in less than five months, signaling that
      Bloomberg  -  573 words
    • 449 16 Bloomberg Reuters AFP [MUNICH] Bayerische Motoren Werke AG said it's selling most of its Rover Cars unit, after losses of nearly US$lO billion (Ssl7 billion) in six years, to UK venture capital group Alchemy Partners. The company said it will take a charge of 3.15
      Bloomberg; Reuters; AFP; REUTERS  -  449 words
    • 328 16 TOKYO Reuters TOSHIBA Corp yesterday joined a long list of Japanese firms hit by pension and retirement debts, announcing a 330 billion yen (555.3 billion) one-off loss this business year to mop up the shortfall. Analysts said the electronics
      Reuters  -  328 words
    • WORLD Watch
      • 52 16 Bloomberg [PARIS] Axa SA, the world's largest insurer, said 1999 profit rose 22 per cent as it integrated Guardian Royal Exchange, the UK insurer it bought in May. Net income rose to 1.87 billion euros (Ss3.l billion) from 1.53 billion euros in
        Bloomberg  -  52 words
      • 36 16 Bloomberg [BRUSSELS] A World Trade Organization panel ruled the US acted illegally in imposing sanctions on the European Union in a dispute over bananas before getting WTO authorisation, sources said. Bloomberg
        Bloomberg  -  36 words
      • 79 16 Reuters [NEW YORK] Art auction houses Sotheby's Holdings and Christie's are facing their worst shortage of object for sale in nearly a decade, the Wall Street Journal reported yesterday. Sellers are still holding out on about US$l2O million (Ss2os million) in art —about a quarter
        Reuters  -  79 words
      • 56 16 Bloomberg [BIEL, Switzerland] Swatch Group said 1999 profit rose 24 per cent as global economic growth fuelled demand for its luxury Omega metal sports model and Calvin Klein brand timepieces. Net income rose to 441 million Swiss francs (*****.7 million) in 1999 from 357 million
        Bloomberg  -  56 words
      • 73 16 Bloomberg [NEW YORK] Merrill Lynch Co named Steven A Baronoff and Daniel M Dickinson as co-heads of global mergers and acquisitions, replacing Jack Levy, who quit two days ago after 22 years at the brokerage. Mr Dickinson, based in London, has been head of mergers
        Bloomberg  -  73 words
      • 72 16 Reuters [TOKYO] Toyota Motor Corp yesterday said its financial unit has secured the right of direct issue from Visa International and MasterCard International for the planned launch of its new credit card. The right opens the way for Toyota to use the latest chip
        Reuters  -  72 words
  • Page 15 Advertisements
    • 75 15 nrria the worlds leading w v g OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS Since 197S ouf worldwide staff of over 275 multi disciplined professionals includinq lawyers, chartered accountants, chartered 4 secretaries and bankers have provided J) confidential and cost effective company formation'in all the major low tax areas Incorporation Fees
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    • 52 15 Seminar far R..«in«« I Join the 3900 business owners world-wide who have g increased their profits performance with Action's B Business Coaching! Call: *****11 to register (Limited Stmts Ai/*it*l>te) Marketing Institute of Singapore Theaterette 51 Anson Road #03-53, Singapore *****4 Date: 21 Marrh (7.30pm 9.30pm) TODAY®#,^**. LianheZaobao IKtPSB»Bi fl* mm
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  • Page 16 Advertisements
    • 1616 16 ===^=====™g I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 ANO IN THE MATTER OF SUN-DYNAMICS PTE. LTD. (In Members' Voluntary Liquidation) NOTICE OF THE FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies
      1,616 words
    • 199 16 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF KANEMATSU INFORMATION SYSTEMS (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap. 50. the Final Meeting of the members of
      199 words

  • COMMODITIES & regional stocks
    • 1878 17 SICOM FUTURES i/„ r RUBBE R (futures closifMj is «t 5.30pm) RSS1 CONTRACT)! cents/kg) Close Volunw Op«n Hon** 1 Low Sett (tonnes) Intf st ApToo May 00 n7.00 Jun 00 120.50 120.50 120.00 600 600 Jul/Sep 00 123.50 300 RSS 3 CONTRACT (US cents/kg) Vol urn* Open Month Hiqh Low
      1,878 words
    • Article, Illustration
      778 17 AFP SET Index +9.63 THAI stocks closed up 2.5 per cent yesterday after sharp falls in the previous session as investors took a more positive view of the bankruptcy court ruling on Thai Petrochemical Industry. The benchmark Stock Exchange of Thailand Index closed up 9.63 points to finish at
      AFP  -  778 words
    • 287 17 AFP Q Composite Index -8.63 PHILIPPINE share prices fell 0.5 per cent yesterday as investors remained skittish in the face of a stock market scandal. The Philippine Stock Exchange Composite Index fell 8.63 points to 1,629.97. Volume was 16.3 billion sl&res worth 1.75 billion pesos. -i-AFP (OOP) MRC A
      AFP  -  287 words
    • 279 17 AFP QNZSE-40 NEW Zealand's share market picked itself off a 15-month floor yesterday but the 0.4 per cent rally was a weak response to the Dow's 3.3 per cent gain. The NZSE-40 Capital Index rose 7.8 points to 1,964.26. Turnover was worth NZ$B4 million. —AFP WW US *h (000)
      AFP  -  279 words
    • 590 17 AFP Q All Ordinaries +16.7 AUSTRALIAN share prices ended in positive territory yesterday for the first time this week, pushing 0.5 per cent higher due to strong gains in the resources and banking sectors. The All Ordinaries Index closed up 16.7 points at 3,180.20. The All Industrials Index picked
      AFP  -  590 words
    • 306 17 AFP Q Composite Index +3J9 THE Korea Stock Exchange Composite Index yesterday closed up 3.69 points at 841.22. Volume stood at 297 million shares worth three trillion won. —AFP M« Arwm Stmt ***** -650 8r»io T»ch 1770 180 Control Bank 2820 -120 ChoflComm *****0 8000 OooGuBonfc 2180 50 OoosonqCorp
      AFP  -  306 words
  • Page 17 Advertisements
    • 75 17 <•«(.. kfrSMk iwmrur*} ImcM in pwctw Ctft (1 recount ■KcrMUM ty IM Royll ii. ■>**9 S<X »ty Tot zn mm m ie»or* fo. 545 f 2 wt «nrw«Kt<i r*.jd instruct* bMrdRMcT YtHMM UISON) I! »«r«f. ■04 V h '<* Grouu 4 C« I*4/3 \«OW/ c* n/* Hitw Lessons ro* fKHio
      75 words
    • 57 17 The Jakarta market was closed yesterday you don't need fancy tricks to attract potential employers Just advertise your skills and qualifications in Classified and you're bound to get their attention. And the job that you want, of course. So call 1800-737-1166 today to make your Positions Wanted M ad booking.
      57 words

  • Page 18 Advertisements
    • 51 18 /r J 4> M J; I f l M i* 4 i ji 'irtiif# mmm r ■'<"■] iSSKm ■v.-- :>ptefe-- T.' .v.',r;^j v ;;V V" tfjKL.' "'lip-'" ■I'iix- l;|Bptefc v I• V Sf' 'V f •"'•fet: '<"w i- x 1 ~ki V-. 1 t v v N<W:- •< -**< 'V~-Av'
      51 words

  • STOCKS east asia
    • 2845 19 HONGKONG AFP HangSeng -388,2 HONGKONG share prices fell 2.3 per cent yesterday due to caution ahead of the Taiwan elections and with a sell-off of high-tech and Internet stocks, dealers said. "The market is falling apart on a lot of uncertainties,
      AFP  -  2,845 words
    • Article, Illustration
      994 19 AFXAsia Bloomberg n Shenzhen B Index -3.78 SHENZHEN'S A and B shares closed sharply lower yesterday following Premier Zhu Rongji's comments on the Taiwanese presidential election and on the domestic stock markets, dealers said. They said Mr Zhu's comments on Taiwan are clearly aimed at deterring voters from supporting
      AFX- Asia; Bloomberg; Source: Credit Lyonnais Securities (Asia) Ltd  -  994 words
    • 381 19 AFX-Asia QWP Index ->4173 SHARE prices closed mixed yesterday with the index higher in thin trade after a late recovery on purchases by the state stabilisation fund, dealers said. The fund buying offset investor caution following Chinese Premier Zhu Rongji's remarks aimed at intimidating Taiwanese vrters away troin pro-indepencfcnce
      AFX-Asia  -  381 words
    • 2013 19 TOKYO AFP fl Nikkei 225 +174.63 TOKYO'S key stock index rose 0.9 per cent yesterday as high-priced information technology issues rallied from this week's lows, brokers said. The key Nikkei-225 average gained 174.63 points to close at 19,253.23. Buying spread to financial issues but
      AFP  -  2,013 words
  • Page 19 Advertisements
    • 67 19 1 "Wa o iHOME IN ON HDffS j j I I j SECOND BOND ISSUI AN& j II I i investment portfolio yj|& IPO. Shares. Bonds. Stocks. Annual Reports. |Q 'i II Whatever you're offering, we help you reach out I I II I to 86.7% of all adults In
      67 words

  • INDUSTRY titan
    • 1758 20  -  Insight and foresight define the role of Morris Chang, founder and chairman of Taiwan Semiconductor and the man credited with creating the country's chip-making industry. mark 1 LAMDLER tells his success story MARK LANDLER NYT THE assembly lines at Taiwan Semiconductor Manufacturing Corp were running
      NYT  -  1,758 words
  • Page 20 Advertisements

  • EXECUTIVE Lifestyle
    • 1197 21  -  The Net may not be the quickest or most convenient way to buy yourself an airline ticket but there are some useful travel-related sites that could save you a trip to the bookshop, caßDniE berk goes surfing for the best travel portals available on the World
      DESIGN: JEN CHUA  -  1,197 words
    • LEISURE
      • 717 22  -  '•laa the cuff What in the true measure of artistic success? The kind of talent that appeals to a select group of people, or the ability to get all and sundry to share in one's artistic vision? jaime ee JUST last week, Singapore
        717 words
      • 592 22  -  CINEMA Anthony Minghella's Tom Ripley is more accessible, bat a lot less fascinating, than the Patricia Highsmith original By I Parvathi Nayar THE Talented Mr Ripley is a film about that special talent to acquire other people's things. Director Anthony Minghella, after The English Patient, continues to show
        592 words
      • STRAWS In The Wind
        • 140 22 THERE are horror stories about maids, and there are horror stories about maids. Here's a true one: A foreign maid who was returning home decided to bake a cake to bring to her family. However, on the way to the airport, she realised that she had
          140 words
        • 77 22 THE Oscar-nominated movie American Beauty, about a dysfunctional American family, was certainly quite disturbing to one man who was watching it at a local cinema. He was overheard by other cinema-goers exclaiming: "See lah, this is what is happening to thefablick of American society." He was
          77 words
      • 457 22  -  M CINEMA Bizarre but brilliant, Being John Malkovich is a movie that really gets yon thinking By Chen Huifen IMAGINE. If you had a chance to enter the mind of someone else for 15 minutes, whose would you choose? Wouldn't you like to know what CyberWorks
        457 words
      • 627 22  -  CINEMA The Insider is one of those rare, brave movies that dares to take a moral stance in a morally ambivalent age By P Parvathi Nayar THE Insider was drama with a difference apart from anything else, it'd been a very long time since I
        627 words
    • MOTORING
      • 975 23  -  The Skoda Octavia is a heady cocktail of socialist pragmatism, Teutonic engineering, and Asian pricing that leaves Christopher tax intoxicated CHRISTOPHER TAN YOU WOULD have expected a brand name like Skoda to be treated with trepidation, given the ill reputation it garnered as a relic of the
        975 words
    • GOLF
      • 602 24  -  Besides practice and good equipment, a club fitted just for you can be a worthwhile investment ten s&eenxvasan has the details VEN SREENIVASAN WHILE golfers in Asia spend millions of dollars hiring instructors and buying the latest equipment, few give much thought—or money to getting
        ARTHUR LEE  -  602 words
    • EPICURE
      • 721 27  -  Just about everything at the chic Butterbean Bistro, from sorbets to sauces, is made on the premises. And don't miss the desserts, which are simply delightful, says tamsutbm TAN SU YEN A FRIEND recommended the newly-opened Butterbean Bistro, saying it was good and inexpensive. So one night,
        721 words
      • 854 27  -  WINE CONNOISSEUR By N K Yong OF ALL fine wines, vintage port is the least drunk or even tasted in Singapore hardly ever in fact. The reasons? "It's too hot here port should be drunk in a cold-climate country." I think that is a fallacy.
        854 words
      • 412 27  -  PROMOTION Chefs S&ngiorgi and Costa delight with their no-nonsense approach to pasta By Jaime Ee FROM a little restaurant in Italy to a little Italian restaurant in Singapore. Armed with little more than their own know-how in turning out perfect home-made pasta, two guest chefs are quietly
        412 words
      • 327 27 IT'S that time of the year when high fashion boutiques invite their clients to view the year's Spring/Summer collections. Similarly, quite a few Continental restaurants who operate on the seasons of the Northern Hemisphere recently unveiled their new Spring menu. Fans of Salut Restaurant in Tanjong
        327 words
    • UNIT TRUSTS
      • 523 28  -  It is targeting subscriptions of $50 million By I Genevieve Cua THE Nasdaq Composite Index may have retreated, but technology remains en trenched as the flavour of the moment among fund management houses. OCBC Asset Management is launching an Asian tech nology
        FILE PHOTO  -  523 words
      • 811 28  -  GENEVIEVE CUA and limb su axx find out how some funds view Nasdaq's uneven performance GENEVIEVE CUA, LING SU ANN Dresdner RCM Global Investors managing director Walter Price expects the Nasdaq Composite Index to retreat by as much as 20 per cent But the
        SIEW YAW HOONG  -  811 words
      • 862 28  -  Plan has no risk to invested capital and gives insurance protection Byi Soh Tiang Keng AXA Life Insurance has launched the first Singapore-dollar investment fund which allows investors to tap the growth potential of the best companies in Europe with no risk
        862 words
      • 380 28 UMT TWJ8T/9ECT0R (8 MONTHft 31AUQW-10MABOO) CHANGE BENCHMARK CHANGE Tap 10 funds 1 Henderson Global Tech/ Ttcneiotar 216.58 MSCI CVBiCtrikm 7217 2 Duadner htt Prov/Tech Stobai* 103.21 MSCI O/EJectr 7217 3 UOB Uted Global Teie/ Tele Global 100 53 MSCI Q/AC Tele 51.55 4 0C8C Savers todfrEQ
        380 words
    • PERSONAL INVESTMENT
      • 632 29  -  YOURi;.r .m»j Conglomerates risk being left behind If they do not Invest Into the promise and risk of the new economy, which Is what their HE counterparts are doing madeleine lee Ms Lee worked in the fund management industry for 15 years and
        632 words
      • 713 29 stock tnrra Singapore Land SINGAPORE Land's fortunes are set to improve on the back of a stronger office-rental market this year. The Urban Redevelopment Authority (URA) recently released promising office-rental figures for the last quarter of 1999. Investment-property prices rose 7.8 per cent year-on-year. Occupancy
        FILE PHOTO  -  713 words
      • 566 29  -  jusiDEiuHma By. Robert Halili The writer is director of Asian Ownership Research at Primarl ALTHOUGH overall trading activities slowed further, we saw a boost in buying activities. The buy value amounted to $81.71 million, up 302 per cent from the 12-week average of $20.33
        566 words
      • 360 29 AvimoGroap WE believe investors should look into defence optical equipment supplier Avimo Group due to recent major shareholder movements. Substantial shareholder Alvis pic sold a 24.9 per cent stake to UK-based company, Thomson-CSF, at $3.60 each on Dec 2,1999. Under the agreement, the buyer, Thomson-CSF, has a call
        360 words
      • 9 29 Source: P I A
        Source: P I A  -  9 words
      • 1245 29 0«po«< mount 1-wt» Mrth 0«po«<t mum 1-mlti 3-nrth 6-mtfi DBS Bank HSBC M At S10.000-A24.999 4 9000 5.1500 5.3600 25.000 74.999 4 4375 4 6250 5.1250 A25.000 A49.999 4 9200 5.1700 5.3700 75,000- 149.999 4 5000 4 7500
        1,245 words
  • Page 21 Advertisements

  • Page 22 Advertisements
    • 25 22 Showing at Shaw and United Artists cinemas. Rated R(A). fFits the job to a tee. Will blossom in the post ft Find the right candidate.
      25 words
    • 81 22 CAST YOUR VOTE: Go to the BT Online website (business-times.asial.com. sg) and take part in the interactive poll based on this column. RESULTS OF LAST FORTNIGHT'S POLL: Is sexual content in an arthouse film acceptable? Yes, we're not prudes 65.6 per cent. No, it's distasteful—6.l per cent. It depends on
      81 words
  • Page 22 Miscellaneous
    • 185 22 CRYPTIC CROSSWORD 28 The difTeren ports and exports (53) Charles Dickens (3-5,4) YESTERDAY'S SOLUTION 14 Completed a meal-while fly- ftcro—; 6 Parliament, 8 Stem, 9 DOWN ing? (3,2) Singleton, 11 Site, 12 Got, 13 2 Tell everyone girl's gained 16 Final appointment before mil- Challenge, 16 Eden, 17 Ceasing, weight
      185 words

  • Page 23 Advertisements
    • 56 23 Sal IBIS-3. i 9 raßHnlHßi SI 1 f aft fefc~ I m^BJUtfl 3flra»aE Maeag 1 T MM»i|iM|m|r (TWlXiHBrMt■ 118 E H Jfna•' BMW THE F'LJ i c HH ry 'x' 1M O* TMrt H/N£T<ON tt ***Cf TO *M«NO IXW MOA*©<NO «U*AC* O# "MONI CO**»UTlOt« I OHOTOAOUAMOVOCfNOTtAMT«AOfIHAM(SOf HOTONOU MC O HOIOMU
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  • Page 24 Advertisements
    • 792 24 Where to wine, dine and entertain.-""-:isMi^ fIH w\ SL-J^ (all heme pour irmJu at SJs+++) Pbniot Performance hours: 6pm 9pm (Tue Sat) Bpm' 11pm (Sun) Live Band Performance hours: 9pm lam (Mon Sat) <^ON 76 Bm Basah Road, Singapore *****8 Teli 338 8333 Fax: 339 6866 Web-«ite http://www.cariton.com.tg Email: Restaurants6Cariton.com.sg
      792 words
    • 140 24 HIGHTEA FAVOURITES Enjoy local and Western favourites in a daily high-tea buffet at The Mezzanine Cafe Bar i 12pm to spm daily Weekdays: $21.80+++ n r*> Weekends: $22.80*+ ZTZ Reservations: 831-6286 i Mandarin QJ Sinaaporr eg.,MfIITJUJ 3)3 OrcHard Road, Singapore 2)8667. T.';.™ M 7)7 4411 Fw: 7)2 2)61 KoirrioH" C*£g
      140 words

  • Page 25 Miscellaneous
    • 2964 25 TODAY'S TV CINEMA gißWrun Central J 3-30 Busil ess Update/ American Beauty. A screwy look at American suburban life 9.00 AM Kids Central: Pip K 4 nowi J? g Asia which has won eight Oscar nominations. R(A). Courtino* Of retirement for one last a.30 PofteDofs^rt^ IPL 530 Asian Market Report.
      2,964 words

  • Page 26 Advertisements
    • 932 26 LONGINES Three faces of our time Longines 1915, 1925 and 1930 Three exceptional models originally manufactured in 1915,1925 alon9 Wlth a double minute subdiai for the seconds at and 1930, indisputably marked Longines' development during the a sub^' al 6 0 clock 6 0 clock This wa,ch comes for the
      932 words

  • Page 27 Advertisements
    • 38 27 FIRST FLIGHT: Five 1994 ports: Croft, Gould Campbell, Graham's, Ouinta do Vesuvio and Taylor's SECOND FLIGHT: Three *****: Croft, Gould Campbell and Graham's One 1992: Ouinta do Vesuvio THIRD FLIGHT: Two *****: Dow and Graham's One 1960: Taylor's
      38 words
    • 32 27 Butter bean Bistro 5 Purvis Street, UOl-04 Talib Court Singapore *****4, Tel: 333 9091 The generous contribution of Edward Demery and Justerini Brooks of the wines for the evening is gratefully acknowledged.
      32 words
    • 58 27 Tan Su Yen Craving* etpo collection The Principle of Comfort® Modern and design-conscious and armchairs. All equipped with the Erpo function for backrest and seat to ensure a perfect the The best would be to take a mk tk m > ■H Mjy Mr Showroom 6 Raffles Boulevard #03-316 Marina
      58 words




  • SHIPPING TIMES
    • 264 31 Bridge News Reuters THE Baltic Panamax Index fell a Anther 22 points to 1,573 as the decline in Atlantic panamax rates continued, brokers said. Some reported capesize rates remained firm world-wide, although others felt that they were weaker. Brokers acting on behalf of owners expressed disappointment that handysize
      Bridge News; Reuters  -  264 words
    • 61 31 M SSs=r=± 9 3 1 -005 40 LM OM 73 oiS unch MO OM -aw I2M2 TEESSS. AMttUtfty tTO -0.16 5 C£BU SNpyard tM vncf) 0 MWIClgf.. 1-M 0.06 MO K*W«PMIp LOO unch 500 N*rwN*r US uncft 0 E<lWi M«rtn«_2SJ0 030 6 r«ST STtAMSHtP _6.00 -MO J UKUifl
      61 words
    • 378 31  -  Seminars, conferences as well as Singaport 2000 fill up next two weeks of the calendar Byi George Joseph [SINGAPORE] The Singapore shipping community is preparing for one of its busiest periods during the next fortnight with a full calendar of seminars, conferences and
      378 words
    • 151 31 Bloomberg [TOKYO] Nippon Yusen KK, the world's thirdlargest shipping firm, said it will order a 50,000 ton cruise ship, increasing its US-based fleet to three vessels in expectation of a rise in passengers. "We see cruise liners as one of our core
      Bloomberg  -  151 words
    • 52 31 [HONGKONG] A police launch spewing out black dieselfumes as it passes the Rainbow Warrior, Greenpeace's world famousflagship, in Hongkong on Wednesday. The Rainbow Warrior arrived in Hongkong on a two week visit on the fourth leg of its Asian tour to promote a toxic free
      AFP  -  52 words
    • 794 31  -  ADMIRALTY CASEBOOK By Selva Kumar THE English Court of Appeal has unanimously dismissed an appeal by a sole shareholder of a Greek one-ship company who failed in his challenge of a lower court's jurisdiction over him. The decision by the Court of Appeal in October
      794 words
    • 250 31 AFX-Asia [BRUSSELS] European Commission (EC) and South Korea government officials are to continue talks today on resolving EU industry complaints of unfair pricing by Korean yards, an EC source said. A further session between EC deputy director general Peter Carl and his
      AFX-Asia  -  250 words
    • SHIPPING news
      • 582 32 Facilities handled a record 20m tonnes of cargo valued at US$72.l billion last year Bloomberg [NEW YORK] Alcoholic beverages from Europe, automobiles from Asia and furniture from Scandinavia contributed to 7.3 per cent growth in cargo handled last year by New York City
        Bloomberg; FILE PHOTO  -  582 words
      • 316 32  -  hYom] Rajendra Bajpai in Neiv Delhi THE Canadian Pacific (CP) Group has told the Indian government it is interested in picking up equity stakes in Shipping Corporation of India (SCI) and Container Corporation of India (Concor). Both SCI and Concor are state-owned firms
        316 words
    • 303 32 PACE ECt 4 AMI 3 ECU Line 6 t Accord 8 ESPUnei 13 Ahr«*M M 6 A***** 5 r«m*» AsiaOCL 13 FrtUnks H Austral 8 GU| 4 Aunt m btmtflttm 6 Btangttas S •ISA 7 cloM u BTl M GtoryNw M Balaji Shpq s HaiSunHup 13 Bangladesh
      303 words
    • 20332 39 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartisar Vassal Voyaqa 7Haphona ETA ETA Advarttsar V«Ml V oyaqa THaphona SIN Dast'n Km Nam* Numter Numbar SIN Dast'n Nam* Nam* Numbar Numter ■■■■■■■waaMManMHHraMaawinMMHM m 26/03 25/04 MOL P 4 0 NED SEOUL 0804E 65-*****86 To ABIDJAN (ABJ) 2003 Cote D'lvoire 28/03 n/os
      20,332 words
    • SHIPS IN PORT
      • 540 45 Voy No Berth Arrival Departui J»m Ptrt 1 JOT 16/01/6:30 20/0V21:! «G*j*» 11*2 ***** J01 16/03/11:30 17/03/641 W ***** JOt 16/03/10.25 16/03/16.0< 811 > 1 ***** JOI 16/03/KW0 16/03/17:* *»<<»<*> 6 10-00 J16 16/03/11:45 16/03/21 <X W ***** JOI 16/03/10:15 16/01/214 w ***** JOI 16/03/10:30 16/03/23:0 103 J03
        540 words
      • 1856 45 receiving or export Fa containers and La cargo Booklog/Balanca Rstts Ship Voy Ho Etb/Btr Period from To Fron ACX JAOC *711 "WOO U I4/B00 I*/H9* H/TWO H/BM >4/*i* *.-NOC U 14/1700 17 AMI 17/OMO 2> H/1700 17/0*9* 17/0*00 1 17/0700 17/18* T7/MOO 4 17/1200 17/149* 17/1700 aci MACMOiu
        1,856 words
      • 214 45 Mar 10 Indonesia: Hari Ray a Haji. Malaysia: Hari Raya Haji Singapore: Hari Raya Haji. Brunei: Hari Raya A id i lad ha Mar 17 United States: St Patrick's Day Bank Holiday (Northern Ireland). KarlS Taiwan: Market Holiday for Presidential Election. Mar 20 Japan: Vernal Equinox Day. Apr
        214 words
      • 790 45 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price range* In US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are baaed oil averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and
        790 words
      • 408 45 Carton 180 Mu 9912 0.9 15.9 0.10 75 0.05 Mar9 Dewier Watar SmMn Art Al—!«*>■ Silwl Wo «tow £25 10 10 0 0 300 Aw 908.1 0J 13.7 0.06 48 0.02 tarn 380 Ma 990.9 5.9 17J 0.M 270 0.07 Wtfm %M/M PW mm* Ho toow
        408 words
    • AIR & LAND transport
      • 481 46 Estrada orders transportation officials to work ont solution Reuters [MANILA] Philippine President Joseph Estrada has ordered his transportation officials to work out a solution to the latest aviation dispute with Taiwan which has led to the cutting of direct commercial air links.
        Reuters  -  481 words
      • 186 46 Reuters 2 [ROME] Italian airline Alitalia said it had cho•sen General Electric engines for five 747-400s it was buying from Boeing Co. "The contract also contains an option to J buy another three 8747-4005," Alitalia said in •a statement, without giving details of the op«tion, or
        Reuters  -  186 words
      • 83 46 [BIRMINGHAM] A union delegation representing workers from the Rover car plant in Long bridge arriving at Birmingham Airportfor a flight to Munich on Wednesday for a meeting with BMW about the future of the plant The delegates are, front row, from left, Duncan Simpson, chief
        AP  -  83 words
      • 535 46 No penalty if pilots discuss their experiences: regulators Reuters [WASHINGTON] Federal regulators concerned about near misses on airport runways said they would encourage pilots to discuss their experiences without penalty. The Federal Aviation Administration also scheduled a series of meetings around
        Reuters  -  535 words
      • 1545 46 CITY FUGNT ETA FlICHT ETC MM MB30 INS AM229 2230 MwW $0*0* 1750 $0990 OBS LH6381 1905 LW300 2230 (III0II S0003 IMO C2354 0910 $0230 WW $0229 2230 C2361 2008 $0004 MB Amttriw 0*975 1210 KL0044 0130 N«M VN741 1310 VNS0742 0905 (***** 635 ****** 2335
        1,545 words
      • 128 46 Reuters [AMSTERDAM] Malaysian Transport Minister Ling Liong Sik said Malaysian Airlines System is in "quite intensive talks" with KLM Royal Dutch Airlines, Northwest and Alitalia. The talks are over the possibility of MAS becoming a member of the Wings alliance which groups the
        Reuters  -  128 words
  • Page 31 Advertisements
    • 18 31 New York-New Jersey ports set cargo record Pg2 Philippines wants to end air row with Taiwan Pg 16
      18 words
    • 163 31 L Together we create the Masterpiece, together with you! IfiaV Y° ur customers will be happy! Especially you by your ROl*' /U7//V,r hi X lwr Quality, Efficiency, 1 v f w prompt Delivery ami Service I in your Logistics enter f iit LAGOS WorlddassSolutions: *S£ Warehouse Management System Online-Shopping 6*
      163 words

  • Page 32 Advertisements
    • 1123 32 I NORTH AMERICA I EXPORT 1 I OTHER DESTjNATigNSr 1 WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) WS® WW taaw n»ai wbbkh anus wousrow otoeo bwtom mo on vtssa vot fall rtauml kabtu) mnoMwo towno n ouau 1 ooawtui MBM m/m n/W m/m n/M ii/m ii/m 17/ m ii/m OMmmmam
      1,123 words
    • 619 32 ✓gjgx Lin** service* represented by Members of ihe Registry of Members ot the \MJHKV Accr ited Shipping Agerjts, Singapore Logistics Association. S'pore National Shipping Assoc. NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBUK PROJECT CARGO TO DAMPIER/FREMAHTLE MV "TBN" ETA SIN 28/03/2000 BOOKINGS CALL MONKA/JUUA TEL 323 4374 CONUUNftS/ CONVBtDOMAL CAJtGO
      619 words

  • Page 33 Advertisements
    • 1030 33 TO EUROPE FROM EUROPE IVBSa VOTIaiBIWHMIMVSOMKT UH~l|vßSa VOT I RTM ANR HAW RRV SOU FIT UH s» ■osa 532W 17/03 2/04 4/04 7/04 1/04 APIAUMNDME 31X 20/02 23/02 24/0} 21/01 14/03 HYEWHOR J27W 20/03 7/04 1/04 11/04 5/04 AH. AGATE 01K 23/02 25/02 21/02 22/02 17/03 HY ADMJRAI 325W 23/03
      1,030 words
    • 1772 33 C»il—II Wnta Hlhc hanjin shipping iik I- i 6 Ms Wf» Lm Salts *****30 HWH swmMC(S)rniTP *1, h— tootiWG saus *****24 231 DociMin ********** oftuiKXß *****x1751 mm*im *****5s nu 772*40 ano iis34»oooon TO NW USA A CANADA USA CANADA' wvsTw IMMI SM im hau./vot pun nw I pen Ipml cw
      1,772 words
    • 482 33 FULLY COMTAINHIIIP PKPICATIP tIIVICH WSSB WT_ TO TOT SO Wt6 IE IBM WIS IWI SO ITO I»KSa VP* SHI 1 JfT j Aavwin wo jmb ttw Li|L| m |n* j BIW HOW6AOW6 004S 12/03 14/03 ***** 15/H3 H/03 71/03 74/03 74/03 MTfßm nw; £ti I |g| I lift HJMii 6fh
      482 words

  • Page 34 Advertisements
    • 1624 34 MR-SENATOR LINES I TO UK/CONTINENT TO MEDITERRANEAN/CANADA VESSEL VOY LfW IB W W FU Vt«a VOY It 6IT gt IB IU Mil HAMJMBREMEN OBOW 11.13 1(M 11.M 17 M KM 11 64 CHOYXNC SUCCESS OM2W 17 03 02 M MM KM MM lIM HAMJM SMI FMNCSCO 001IM 28 03 MM
      1,624 words
    • 813 34 m. am MAC-MELS S'PfIRE M'SIA I Carrier: MN CONTR LINES, INC p. gudang: (07) *****26 I~IV/\~ J C/W NO! 1 aoorrsoooot seu: (084)*****9 MAMLA (632)*****24 PENANG: (04) *****36 BANGKOK: (682) *****67 SURABAYA (31) *****11 P. KELANG: (03) *****77 JKT: (21) *****45 KUCHMG (082) *****1-3 MANILA BARCELONA MV "IT EUROPA" V.*****N-019
      813 words
    • 738 34 EXPRESS CONTAINER FEEDER FOR N SHEVW (CFS MULUNO. MUMBMCOUMBC ALSO ACCEPTING TO Ml NORTHBM ANO WESTER* I.C.D POINTS VNUI S PORE N. SHCVA COLOMBO PKLANC TULSIDAS V 122 2CMAR #4 APR 09 APR 15 APR CAPE CREUSVIO4W 02 APR 11 APR 11 APR 22 APR CAPE CANAVERAL V.121W 09 APR
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  • Page 35 Advertisements
    • 1842 35 VESSEL VOY KHM HKQ SIN PKO PXB DMM BA I BIK IRAN BAAKERI PCL-146 15/03 17/03 21/03 22/03 01/04 02/04 04/04 08/04 IRAN HESABI PCL-147 22/03 24/03 28/03 29/03 08/04 00/04 11/04 13/04 IRAN SHAHRYAR PCL-148 20/03 31/03 04/04 08/04 15/04 18/04 18/04 20/04 IRAN BAABAEI PCL-149 05/04 07/04 11/04
      1,842 words
    • 1152 35 MEWSHWKI 1 WU APftll 2000 SIN/ItAMPf, XIAMEN, SfliKOV x IHtANOP«, XMUMM, IMIKOM/Wi I 80 RO,INSON RD nL 226 1900 FAX: ***** M OUTWARD (l/L) 4205M2 JOHORE OFFICE; I COSTAR SHIPPING PTE LTD #12-00 SALES/RIGS 420SAS7/43 INWARD DtPT (0/0) *****55 COSTAR AGENCIES (M) SDN BHD ■SS2SSS *****01/850 T/SHPMTDEPT 4205A25 TEL 02*7
      1,152 words
    • 1002 35 EUROPt EXPRESS SERVICE EXPORT I acinmisis- i:iil« UOPTMC (AIGOfS TO 1 FtOfc 11 MUCH ■tHHMAVBt BOSOM. ST ffTBKWK VUNMI7I MTWRF VU TO TRANSPACIFIC SCRVKE ZZZZZZZZZZZ EXPORT -ranK9i«MißkMs«/n aMtsMn/soN-WM iirnMto/n IMPORT vcsa Ivor I SI 1 la I Ml EarßiocAoocßiOtntANNUN- ytssa ~VOT LGS OU SM KJnuK oisi .19 03 ot tx
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  • Page 36 Advertisements
    • 1351 36 EUROPEAJK^CAHDtHAVIA^INUMD/BUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E. DIVWE RW-M9 IU3 06/04 12/17 N/04 10/04 11/04 12*4 I. REPUTE RE-023 24/02 26/02 2V02 27H2 20,02 10*3 20 TO E. DELIGHT RW-010 25/03 13*4 19/04 15*4 17*4 18*4 10/04 E. RACER RE-031 02*3
      1,351 words
    • 586 36 f PACIFIC INTERNATIONAL UNES (PTE) LTD A SSSStU ffc 140 Cecil Street, *03-00 PtL Building, Singapore *****0. I CR NO **********06 I |VB» W m W m n» a in m flj IV3 H/J _im */4 10/4 17/4 ;;/4 KOU pawn* PW1053 M/l 30/3 3/4 11/4 7 I li/4 jj/F
      586 words
    • 397 36 SO TEL OK BLAMGAH ROM) 162-62 CfTIPOfTT CSTTTtt JfOßf *****1 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W *ssa w n hi destomton NMUKIW 11AM 2MMM 2II» nHBWNE*"/nL MUM motor Kon ozMacuM twm pwimmk BIMUMA 12/ZM 2M8288 71K/288 PKL MUM UMMU cn3V(n 3inam PWTWW For mmMm
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  • Page 37 Advertisements
    • 393 37 MM MYANMA wHHk FIVE STAR LINE (Myamar Notional Line) Loading for Yangoi (Rangoon) wssa vot sm pki rot pgu MPA-AN 267W SID SAGAMG MW 22/03 MALAYSIA AGENTS: BOUSTEAD SMPPMG AGENCIES KUL TO (03)*****00 P*L- HI (03) *****01 rot m (04)*****02 PGU: TH (07) *****21/4 BANK LINE (A sarvkt of Andrew
      393 words
    • 1236 37 HYUNDAI MERCHANT MARINE CO., LTD. IVBSa VOT SI B SOU IBt RIM ANT HANI TV FS IVBSR VOT I SOU I LBt I NT— I AWT I HAJB IIV fa I SM MOSR S32W 17/03 07/04 08/04 02/04 04/04 NOtCTPtM 014 i 23/02 01/03 24/02 21/02 U/03 HY EMPEROR 327W
      1,236 words
    • 637 37 vOOv WALLENI US WILHELMSEN TO NORTH AND LATIN AMERia 'CAR RORO HEAVYUFT SERVICE* IVESStI vor ramp height sin ilkl mo MIA SAV tAI j ORE NTC *w moo TAMPCRE AHOO7 400 Tow 6.3 M 29/03 26/04 04/05 07/05 09/05 11/05 12/05 14/05 IS/OS W6T~ TIXAS AHOOO 4001ns 6.3* 11/04 10/05
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  • Page 38 Advertisements
    • 1914 38 jakarta/panjano JBSI VQT <JH m Ml? I LfH Vissa I VOT I MM JKT ImT Mil MIS 4SM u/03 22/03 21/03 DFiUHiiM ZZ *****Z lift ZaZETZIZZZZ ffItMMW" 2Z* \m 72/03 21DT JSttMl UL_JM3 24/03 ?VO3 rn nm nm Mm rn_jm 74/03 ?vST W, ~m— m o»¥»mr im 71/03 7V03 KiUffllM
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  • Page 39 Advertisements


  • Page 41 Advertisements
    • 74 41 MALDIVES 5 S D'OCEAN LINES NATIONAL LINE agencies c a a D a a INDIAN SUB-CONTINENT See Our Ad on Page 4 under USA Seaward Shipping Agencies Pte Ltd. Page 5 Daily COLUMBUS LINE Hp*lMfi Singapore Pte Ltd Look Qut p or our n v VA/ M Schedule Every Tuesday
      74 words

  • Page 42 Advertisements
    • 83 42 M RICKMERS-LINIE yote^l. Agent: Hapag-LJoyd(S)PteLtd *Breaktwlk -Oversize 200 Cantonment Road #08-02 Southpoint Project Cargo •Container Singapore *****3 Heavy-lift Services in: «qjul»r Brak-Bulk Project-Service US-Gulf East-Coast (Houston, New Orleans, Savannah, Camden, Baltimore) Europe Med (Alexandria, Savona, Rotterdam, Antwerp, Hamburg, UK) Interasia (Haiphong, Hong Kong, Shanghai, Dalian, Xingang) Loadings Singapore, Port Kelang,
      83 words
    • 53 42 •I lUA> An METROPORT SNIPPING SDN. BHD. SINOKOR MERCHANT pi n. m« 4?ooo r»n tim%. m n>«. uy* I MARINE CO LTD J m=tts-MswU/ntt/tm BMNWi jg»l^ip «r kvbabt FARWIDI SHIPPING AGENCIES PTE UD iXPO T W:ni-«»(SUnt) fai: 224-15 M WL: POiT KLAW6 SIN: SINOAfOtI HK6: HONG lONC USW: UISAM WIS:
      53 words
    • 48 42 SHIPPING WAREHOUSING lilw: Singapore Ixadmg Daily Men to Sat (BATAMINDO WT) Aoocpong Lift Carpi Reefer Container iiataa: Singapore Loading Mon. Wad A Fri (BATAMINDO II) Aooepong HCLAonvertwnaVProjecj Heavy Lift Cvgo Tat 227 0322 Fax: 222 9330 iat—inda SMppteg 4 Werekewsie| ft* Ltd ci i»ii i m-si n» ww
      48 words

  • Page 43 Advertisements
    • 1172 43 SSAMUDERA SHIPPING LINE LTD 72 Alton Road, #06-01 U 03, Sii«ap«ra *****1 MAIN UM/OUTWAID: 532 Ml INWAID (MOh 437 2341 IMPORT STATUS (MOh 437 237t INVIKTOtT (DtOh 437 2424 Wabsita http://www.iaMudara.<om CR NO. **********0 D BOOKINGS UNE: 535 6266 jCelia/Jessico/M«i Chan Jeslynn/Poro Hommi QQ3K2SZESH 8 slgs/weekly 3 slgs/wkkiy ivpsa Iwr
      1,172 words
    • 734 43 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO |~M AI >UI WW IwcICM 1 W I HAt" 7 NTI I OKf I SAY WW lAM HOtl HOIGH MM! /0454 U/03 24/83. 27/03 30/03 10/04 >5/04 17/04 10/04 20/05 73/0$ 24/05 27/05 I)/tS 05/04 M/ 04 hoigh DTllatlk W/M 14/ M
      734 words
    • 178 43 KHI» TUIIS/ WKK SAILINGS: P. GUOAWG/SIHGAPORE SOUTHBOUND KSBi 1 WT I P6UOAM6 SW m '//WW) OMASUM WS3S 17/WtHB) 20S4S HAOtSIM) WapW) mm* ?osss iwawn imp two pmuswii RSAS 71/D3QUO nmm) NO*TH tQUNP ni WT si PGUOAK KUALA SMI 20S2* 17/03 (HO) 17/03(Hd) BMUMI KM IMHM -IM3KUHI oiausmii mm joabwoii) xhbuwo
      178 words
    • 695 43 ING HI SHIPPING CO WHIP I M: SMM7S Umi| tax: SUNtt/SIHHI I Y ainisimmox I vessei voy smrtA sunt destination Goncfc II 3/00 18/03 19/03 ttonc UwoSttl? 4/00 20/03 21/03 Surabw SraCentid 3/00 21/03 22/03 Dim/? laij/PvoMßg OwDoye 5/00 22/03 24/03 Dura IMpiloyg 5/00 22/03 23/03 Ouno/Buott Uw.Sn* 77 2/00
      695 words

  • Page 44 Advertisements
    • 586 44 IVESSEL^VO^^SIJ^^MAI^^siJ^I TIGER ARROW 782N 17-18/03 23-2&03 31-01/04 TIGER RHYTHM 783N 21-22AX3 27-30/03 04-0&04 TIGER BRIDGE 784N 24-25/03 30-02/04 07-08/04 TIGER METRO 786N 28-29/03 03-0&>04 11-12/04 TO BE ADVISED 786N 31-01/04 06-09/04 14-15*04 TIGER RHYTHM 787N 04-05AJ4 10-13/04 18-19/04 I IVESSE^^\?O^^S!N^calsi^^| TIGER OCEAN 421CN8 19-20/03 26-29/03 06-07/04 XPRESS SPORE 296 20-21/03
      586 words
    • 901 44 FREIGHT LINKS EXPRESS Tel: *****11 Fax: *****77 E-mail: flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO •SAN JUAN, PUERTO RICO SANTOS -PIREAUS RIO DE JANEIRO VALPARAISO *NEW DELHI (Patparganj) •DUBUN ALEXANDRIA BANGALORE •LA HAVANA (HAVANA) IZMIR COCHIN SANTO DOMINGO 'ISTANBUL BUENOS AIRES FOR BOOKING: *****51/3/6/60/61/62/67/68/69/79 PROJECT SHIPMENT HEAVYLIFT CARGO Bobby Lee *****71 bobbyGflesin.com.sg
      901 words
    • 1169 44 For bookmgt empty C0K*****80 7j?V Q Wrfmtr VS/ JTr WOtm AMIKICA USA hwft S6PLM 01 MM ire Hfni 1 ImiH MM MYf nmi fw in v» OOQ MrUIN ***** nm 07/04 12/04 I J/04 IVM 12/04 I 00G KTUIN 3IWSOI 72/07 73/02 74/02 25/02 01/03 19/03 00Q4M8KA***** 29/03 14/94 19/04
      1,169 words
    • 72 44 CONVENTIONAL-SERVICE VESSEL ETA ETD DESTINATION CHAHAYA VICTORY In Port 17/03 PORT KLANG/PENANG/BELAWAN CHAHAYA STAR 2003 24/03 VISAK/CALCUTTA JUBILANT 25/03 28/03 YANGOWCALCUTTA/VISAK REGULAR DIRECT CONTAINER A BREAKBULK SERVICE TO PORT LOUIS A DURBAN EXPORT VOY SIN PTL DBN ALS EXPRESS 02WB 22A» 02AM 07/04 ALS ENDEAVOUR 03WB 27/04 08/05 13/05 ACCEPTING
      72 words

  • Page 45 Miscellaneous
    • 116 45 leby Service Sing^ Thunderstorm A Showers X\ Rain emperature Cp) Wind direction and speed in knots Cloudy Day Weather Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds Sli 9 h <1 2m •One half fleche represents 5 knots |■< Moderate, 1.2
      116 words

  • Page 46 Advertisements
    • 350 46 ASIAN FEEDER DISCUSSION GROUP (AFDG)^~ NOTICE TO TRADH SOC SHIPMENTS EMERGENCY BUNKER SURCHARGE Bunker prices have been increasing steadily over the past months. In order to recover this increase in bunker cost, members of the Feeder Operators Grouping have no alternative but to revise the Emergency Bunker Surcharge to the
      350 words