The Business Times, 21 March 2000

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Total Pages: 42
1 42 The Business Times
  • 13 1 THE BUSINESS TIMES 851 SINGAPORE Internet: http://business-times.asia 1 com.sg/ TUESDAY, MARCH 21, 2000
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  • 760 1  -  Investments were committed in 1998, no new ones have been made since BTia'Uiiumj By Shoeb Kagda mPekanbaru SINGAPORE companies have put on hold an estimated $1.7 billion worth of investments in the Riau province due to the prevailing social and political
    760 words
  • 65 1 am yrriM (-17.87) □mm 743J9 (-14.73) nsmsamuiEs M ***** (-3.10) 9IDCX MABKET INDICES Monday Change KLSEOOMP B&71 .4.17 NIKKEI dond HANG SENG 17,»4.46_+161.47 SET INDEX mm ♦IJS JAKAJTTA COUP—MUM -617 MANILA COUP —1J6717 >1171 TAIPEI WPI BJSMM B7S2 SEOUL COUP Mil -6J6 OSA CHINA B 76X18. -116 AUSTAULORD
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  • 55 1 Fouxsms US$ St US» 1.711 £<U»5«perf} 1J7S 17tt EUHO(US$/SS/E) 0J74 U74 Ml 1007 IJM YEN 166.7 Lltl KM__ UN 0.462 HKI_ 7.781 0131 RABT 28.01 0.040 KJPIAH 7.400 0JH* •ss to too units PlflDS bates SINGAPORE* (JO KlIALA LUMPUR 7.«7 JAKARTA ,19.00 BANGKOK fie MANILA 1100 HONGKONG 8.60 A75
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  • 757 1  -  aruujiiumj His firm and allies will invest HKs3s7m to take over Arnhold From Meera Tharmaratnam in Hongkong ANANDA Krishnan, Malaysia's reclusive tycoon, is full of surprises. In a week which saw US giant, Microsoft Corp, pick up a stake in his satellite
    NSTP  -  757 words
  • 573 1  -  New limit-down threshold reins in slide hat some analysts see this as prolonging the From Macabe Keliher in Taipei TAIWAN stocks plunged as expected yesterday, cushioned only by the new 3.5 per cent daily limit-down imposed by the government following the election
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  • Page 1 Advertisements
    • 102 1 mmim BT Comment Transport stocks: Fears over higher oil prices overdone. **4 Top stories Feb non-oil exports grow 18.8%. Moxt Sing Tel rates for inf I data traffic too high, says Japanese Net pioneer. Mexf Pago Brokers free to offer trading incentives from Jan 1 Pg 4 i Robinson to
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    • 39 1 IT Change the law on chewing gum. Because it makes the rest of the world think you control T everything, which you don t. Lester Thurow p W on how Singapore could attract foreign talent pg 9 Pg 28
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    • 100 1 Different strokes £"HKSp #j' r r i *WHl«f' /m y <* f>flO |flH|,, i«» 44 0.536.0'3 ?;>; ?ii !l hki ■■to < in w- n 1 ■■!I 1.1 4 V U 15 000 I'- f i J, J f />. II.IIWI 17.234.4., /,T'J 17) t.l;u >'f! 1 .(if) f More
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  • NEXT page
    • ON THE grapevine
      • 105 2 WHILE the rest of the world is rushing for first-mover advantage, Singapore's venerable department store operator Robinson Co works on a different principle. Chairman Michael Wong said the company "does not want to be a pioneer" in the Internet where it does not know the rules
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      • 87 2 WE'VE heard lots of crazy dot-com ideas, but this one takes the cake. There's apparently a Swedish company called Letsshareit.com. It gives 100 shares to every customer that signs up we're not sure whether they charge a fee—and they so far have 62,000 customers. The remarkable thing is,
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      • 56 2 HOW do you get good workers in the tight labour market of Silicon Valley? Interwoven, based in Sunnyvale, has come up with a good idea. To get engineering recruits it is offering, on top of the usual perks such as share options, a two-year lease on
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    • 481 2  -  Healthy trade figures prompt analysts to predict doable-digit export expansion ahead By Audrey Tan [SINGAPORE] Singapore's non-oil domestic exports rebounded from January's weakness to grow 18.8 per cent in February, allaying fears that the export boom could be over. A healthy set of trade figures
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    • 566 2  -  To walk away if terms are not right, says Hsien Tang By Teh Hooi Ling [SINGAPORE] Be ready to walk away from an opportunity if the terms are not right, and that, Singapore Telecom chief Lee Hsien Yang said yesterday, is the important
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    • 575 2  -  But Sing Tel says it strives to ensure that its prices remain competitive by reducing rates By Kenneth James [SINGAPORE] Singapore Telecom's rates for international data traffic are too high and could stymie the Republic's goal of becoming a regional information
      CHRIS LOH  -  575 words
  • Page 2 Advertisements
    • 267 2 JL The Hull MBA tig HfiUt mba (General) 28th Intake "Ranked Among Starting in Singapore April 2000 /HnanceVreview by\ UK's First 1-rk 7~~ A V Co n J- Jon®* Division MBA (Investment Finance) 10th Intake Viue, 21 Mar 2000 j Universities, 1999" Starting in Singapore May 2000 UNIVERSITY OF SOUTH
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    • 6 2 Feb exports beat expectations, Pg 9
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  • TAIWAN election
    • 599 3 Opponents may join hands to introduce legislation to gain access to wealth said to be worth billions LAT-WP SUDDENLY, one of the world's biggest political war chests, a collection of assets worth billions of dollars, is about to come under scrutiny and may be up
      LAT-WP; AP  -  599 words
    • 527 3  -  MSGI move to raise China weighting boosts red chips From Meera Tharmaratnam in Honakona THE Hongkong market went through a roller coaster ride yesterday, rising nearly one per cent following Morgan Stanley Capital International's move to increase the weighting of China-related
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    • 176 3 Reuters [LONDON] Taiwan's AA+ debt rating is underpinned by its resilient economy despite political tensions following Saturday's presidential election victory by opposition candidate Chen Shui-bian, Standard Poor's said yesterday. The rating agency said in a statement that the election result was a further sign
      Reuters  -  176 words
  • Page 3 Advertisements
    • 414 3 Past performance is not necessarily a guide to future performance. INVESTMENT FUND AWARDS* i SHENTON INCOME FUND US GROWTH FUND: 1999 Best Bonds/Fixed Income Fund over 3 Years and 5 Years 1999 Highest Absolute Return over 5 Years 1999 Best Global Fixed Income Fund over 3 Years** 1998 Best Overall
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  • Page 4 Advertisements
    • 499 4 Why SGX asked brokers to stop reward schemes, Pg 8 Workshops on The Essentials of Goods Services Tax GST a simple tax? More than 5 years after the introduction of GST, there is still a degree of uncertainty amongst businesses about the application of GST. In its basic form, GST
      499 words
  • SINGAPORE companies
    • 327 4  -  Until then, all brokers mast operate on a level playing field By R Sivanithy THE Singapore Exchange yesterday said that from January next year, brokers are free to offer whatever reward programmes they wish to encourage clients to trade through them
      327 words
    • 381 4  -  Bat it will also keep growing its bricks and mortar stores By Marissa Chew DEPARTMENT store operator Robinson and Company will be dipping its toes into e-com-merce, but it will still continue to grow its bricks and mortar stores. At a briefing to stock
      FILE PHOTO  -  381 words
    • 403 4 PRECISION engineering company Armstrong Industrial Corporation, which produces parts for the disk drive and automotive industries, reported a sharp turnaround in earnings yesterday. For the year ended Dec 31, 1999, it turned in net profits of $2.5 million against a loss of
      403 words
    • 352 4  -  By Siow Li Sen DBS Bank has added two more managing directors this month, showing no let-up in its bid to beef up its management. For over a year now, DBS has hardly skipped a month where it did
      352 words
    • 785 4  -  HOCKimit^Ul ven sreenivasan IS this the end of the good times for transport and energy sector stocks in Singapore, or have the fears over the impact of rising oil prices been grossly overdone? That is the billion dollar question as the world
      785 words
    • 378 7  -  Company may £et second phase of broadband infrastructure project worth US$5O-$75 million Bb Carol Eng HORIZON.COM has bagged a deal to build a broadband infrastructure in Indonesia which could lead the firm to bag another project worth more than four times its current revenue
      378 words
    • 359 7  -  By Ling Su Ann LOCAL Internet start-up, iAdmin.com, yesterday said it is poised to secure its first round of institutional financing by the end of this month. It is planning an initial public offer in 12-15 months. Details of the institutional financing
      359 words
    • 221 7 IDD SINGAPORE Telecom plans to invest $10 million in Asia and set aside some 10,000 sq ft of space in its headquarters Comcentre for the "carrier hotel business", its president and chief executive officer L«e Hsien Yang said yesterday. The opportunity for
      IDD  -  221 words
    • COMPANYBriefs
      • 64 7 Reuters NATSTEEL Electronics has asked for a suspension in trading of its shares this morning pending a joint briefing with Accton Technology. Yesterday, its shares surged almost 10 per cent or 90 cents to $11.80 on a volume ofl.BB million shares. Last December, Nat
        Reuters  -  64 words
      • 51 7 CREATIVE Technology has agreed to take a 6 per cent stake in Hongkong-based computer magnetic head Lafe Technology, which is set to launch its initial public offering (IPO) on the Singapore Exchange soon. The company recently received in-principle listing approval from the Singapore
        51 words
      • 101 7 AP SINGAPORE Bus Services and Germany's Alcatel AG have settled law suits the two companies had filed against each other. Singßus had terminated a tetter of intent with Alcatel on a joint project to develop a $100 million fleet management system for Singßus. It «al<i
        AP  -  101 words
      • 73 7 CARNAUDMETALBOX Asia is buying 40 per cent of CarnaudMetalbox Bevcan Ltd from its subsidiary CarnaudMetalbox (Thailand) Public Co. The remaining 60 per cent stake is held by Thailand-incorporated CarnaudMetalbox (Asia Pacific) Holdings. Bevcan nmkof? two-piece aluminium can bodies for the beverage market The acquisition,
        73 words
      • 58 7 POH Lian Holdings has joined hands with a private Malaysian party to develop a columbarium in Selangor, Malaysia. Semenyih Memorial Park will comprise a single-storey temple, a prayer building and hold 200,000 to 300,000 niches. The 20 million Malaysian ringgit (Ss9 million) project is
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      • 43 7 Corrections Clarifications In our March 15 article headlined "Elec Eltek jumps 6% after it calls off sate", we wrongly reported that OUB Securities recommended a "buy" cm Elec Eltek. It was UOB Investment Research which recommended it. We are sorry for the error.
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  • CORPORATE results
    • 377 5  -  Samudera net earnings np 21% to $20m while PCL profit improves 15% to $38m By Eugene Low SAMUDERA Shipping Line Ltd and Pacific Carriers Ltd (PCL) both reported higher net profits for the year to 31 December. Samudera's net profits rose 21 per cent to
      377 words
    • 447 5 NOBLE Group, a global supplier of raw materials and transport resources, yesterday reported a 23 per cent surge in sales to US$7B5 million (511.35 billion), helping it to turn around from a US$7 million loss in 1996 to a net profit of US$6.3
      447 words
    • 214 5  -  By Carol Eng CONSTRUCTION and property company Lee Kim Tah posted an 81 per cent net profit increase to $6.2 million last year, thanks to the sales of two completed residential projects in Australia and rental income from its Jurong Point Shopping
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    • EARNINGSBrief
      • 74 5 SMB United yesterday reported an 11 pa* cent riae in profits to |9.1 million for the year aided Dec 31,1999. Turnover was up 4 per cent to $80.4 million, while earnings per share rose to 2.17 cents on a ftiUy diluted basis from 1.99
        74 words
      • 62 5 MEDTACS International Corp yesterday posted a 369 per cent jump in fall-year net profit to US$3.6 million (Ss&2 million). Turnover rose 38 per cent to U5537.7 million. Earnings per share was 1.38 US cents, up from 0.31 US cents. Net tangible asset backing per share
        62 words
      • 90 5 ASTI Holdings said its full-year net profit rose 28.6 per cent to $8.1 million. Turnover rose 33 per cent to $48.7 million. The group attributed its gain to strong profit contributions from the recovery in the semiconductor industry, as well as the introduction
        90 words
      • 60 5 SANITARY ware maker Sim Siang Choon said its interim net profit rose 25.6 per cent to $1.7 million. Turnover rose 21.6 per cent to $20.7 million. Earning per share was 1.39 cents, up from 1.11 cents, while net tangible asset backing per share was
        60 words
      • 88 5 SING Investments Finance said its fiill-year net profit swelled 16.6 per cent to $&8 million. Half of this was transferred to the reserve fund, leaving $1.9 million in operating profit attributable to shareholders. Operating revenue fell 18.4 per cent to $27.4 million, while investment income
        88 words
    • 281 5  -  By Marissa Chew LIANG Huat Aluminium yesterday said it was back into the black last year, posting post-tax profit of $2.6 million compared to a loss of $12 .3 million in 1996. But the group's turnover fell 5.4 per cent from
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  • Page 5 Advertisements
    • 252 5 Ca us a! 730-5318 or em us a* btnews°sph.com.sg if your company has decided on the result announcement date and would like shareholders and investors to know. V US s sag |11| t Jy* j&ifrjEg i l •<£-"" v> *>* 'it i V Ijjl, 33B&: -T'l? .<*!«— BhHHhMhHIS ,J* ISI
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  • SINGAPORE markets
    • 178 6  - Koh Bros wrt decent long-term bet to buy, hold WARRANT WATCH By R Sivanithy PENNY stocks have had a pretty rough time recently, with many falling much more than their blue chip counterparts. Still, the smart money knows that this is the time to do some quiet accumulation, especially if
      178 words
    • 446 6 Stocfca Volume STEngglOc 10,104,000 PGCorpnSc 8,967,000 Hotung Inv MT5 7.530,000 KyoahaHK50c 7506,000 DBS Land— 7,222,000 MedtaRfcig 10c. 6,887,000 Fastech US 10c 6,838,000 QoWron20c 6596,000 CGSC 6,463,000 UracoHUorlOc 5,606,000 Sloota DBSGrp 62,042,565 0C8C 50,400,049 PMfcCwKwy 48,654,410 8tA 31,080,291 SPH 30,083,468 ST AaaamMy 25c 26,073,300 NtfBeclOc 21,567,400 CtyD»v50C-. 19,558,238 STEngglOe *****,953 UOB—
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    • 544 6  -  STOCKS r.sivanithy DESPITE the announcement of better-than-expected February trade figures, the momentum seen last Friday In "old economy" stocks was stalled yesterday by concerns about the political uncertainties in Taiwan and in anticipation of a US interest rate hike. Liquidity was
      544 words
    • 269 6  -  HOT STOCK By Wong Wei Kong SHARES of Fastech Synergy fell again yesterday, with the stock finishing among the session's most heavily traded issues. Fastech shares closed down 2.5 US cents or 4.3 per cent at 56 US cents. The stock opened at 58.5
      269 words
    • 164 6 KONAMI: bonus issue of one-for-one. The ex-date is on April 3. TIBS Holdings will be holding its EGM on Apr 1 at 10 am, at 6 Ang Mo Kio, Street 62 DATACRAFT will be holding its EGM on Apr 7, at 3.30 pm, at 6 Shenton Way, #24-11
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    • 352 6  -  m f J 'I m 11 i f ii 3 CURRENCIES larry wee THE yen and Singapore dollar yesterday were among the worst hit by news of proindependence Chen Shui-bian's victory in Taiwan's presidential election. Both the Taiwan dollar and stock market were
      Source: Reuters  -  352 words
  • Page 6 Advertisements
    • 419 6 This should be taught in schools. Blueprint for Success A Three-day Seminar and Workshop Everyone should know this." Merchant Court Hotel *27 29 April 2000 8 am 5.30 pm Christopher Chew, Managing Director, Minnesota Rubber Asia Pacific He Ltd WHO SHOULD ATTEND M Wm 0 This programme is a must
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  • Page 7 Advertisements
    • 25 7 A Clean rooms of all classes feJ''S 'Wt M for the I Hi.achiP.an, tthmm tuH#Q44 semiconductor i TA 222 0666 P»: 224 8158 industry. fep^/wwwJtiurtiFhiew**
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    • 147 7 mmgmgmm II Ml J HflS SPffeS.*' 5." 111 _r e <mm %!|0 §H 4 WA \}\r\ n wmoßl S>;-• .V -v'lapH Baßl 1 r,•:r- 1 lh~^^ j 1_ tl,\V CL QJ! U- 1 l liUfflmDlinß Wk ill.. -1 j o 3' B| Kb •< x -r -i -L-tf •< flr;
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  • SINGAPORE news
    • 343 8 THE positive payback in February exports was stronger than expected, in both year-on-year and month-on-month terms. Compared to January, February's non-oil domestic exports (NODX) rose a better-than-expected 6.4 per cent in seasonally-adjusted terms, JP Morgan's Singapore economics research unit notes. In January, the
      Source: JP Morgan  -  343 words
    • 423 8  -  Image, not just reality, has a role to play in luring foreign talent, says US economist Hy Audrey Tan RENOWNED American economist Lester Thurow yesterday has this simple advice for a Singapore eager to attract foreign talent: remove the ban on chewing
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    • 473 8  -  ■■JLMiMLfiiyd By' Toh Han Shih iProperty, a Singapore start-up seeking a listing on the Singapore exchange (SGX), will offer property information on handphones with Wireless Application Protocol (WAP) technology. The company, which hopes to secure the listing later this year, is
      473 words
    • 240 8 US-BASED Whirlpool Corporation, one of world's top manufacturers of home appliances with annual sales of US$lO.5 billion ($lB billion), yesterday launched its Singapore website for direct on-line selling to consumers here. The website, whirlpool.com.sg, will sell the Whirlpool brand of appliances such as refrigerators, washing
      240 words
    • 304 8 NSTB will be major investor in fond for tech startups HONGKONG'S Sino Land has set up an incubator in Singapore, and will start a US$5O million (SsBs miUion) fund here to invest in tech startups in Singapore, Asia and the US. This
      304 words
    • 445 8  -  S'pore&ns also more mobile, going abroad to study or work By, Jane Cheong ONE out of four people here last year were of non-Singa-porean nationality, pointing to a significant increase in the percentage of foreigners in Singapore over the
      445 words
    • NEWSRoundup
      • 56 8 SINGAPORE'S cellular phone operator Mobile One and Hongkong's Cable Wireless HKT have successfully completed a general packet radio services (GPRS) roaming trial between their core networks, both supplied by telecoms firm Nokia. GPRS roaming will allow cellphone users to access Internet and multimedia applications,
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      • 77 8 THE first Monetary Authority of Singapore lecture (the MAS lecture) will be held on Friday, with New York Federal Reserve Bank president William McDonough addressing over 300 central bankers, financial supervisors and financial professionals in the region. Mr McDonough will speak on "Sound banking systems:
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      • 57 8 THE first Asian International Exhibition of Textile Machinery has sold out 80 per cent of its exhibit space 19 months before the event, its organisers said yesterday. The event will be held in October 2001 at the Singapore Expo. Some 25,000 visitors are expected
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    • 322 9  -  Raymond Chow Vice-President Head, Corporate Communications and Marketing Singapore Exchange WE refer to the letter by Tung Swee Law, "Why stop incentives, SGX?" published in your paper (BT, March 18). The writer questioned the Singapore Exchange (SGX) for stopping Lim Tan Securities
      322 words
    • 186 9  -  Chia-Mao Kawn Hwa (Mrs) Manager (Public Relations) Inland Revenue Authority of Singapore WE thank Mr Denis Distant for his feedback, "Why inconvenience the public, IRAS?" (BT, March 16). IRAS offers numerous modes of payment for taxes and use of its services.
      186 words
    • 106 9  -  Tan Chee Keon Vice-President Processing Servicing (Customer Information) DBS Bank WE refer to Mr Wu Pei Tong's letter "Too much credit given to DBS chief John Olds?" (BT March 14). We wish to clarify a point made by Mr Wu that his request to
      106 words
  • Page 8 Advertisements
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      98 words
    • 7 8 Knowledge: your key to wealth, Pg 28
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  • Page 9 Advertisements
    • 166 9 "c: —y -<j j <* 4 »lSiitH |j WITH WORLDCONFERENCE, TIME ISN'T THE ONLY THING YOU'LL BE SAVING. SPACE FOR LEASE r .TungCentre I WAREHOUSE/ FACTORY SPACE FOR LEASE I A-Z Building I I For details, please call owner j BBp Telephone BMI 437 6853 437 6872 534 3132 From
      166 words

  • FOCUS property
    • 719 10  -  JHfIL w v J I I I I I I w J Ifti PROPERTY Foreigners working and settling here plus govt push will see huge supply of 99-year houses lee han shih IF anyone still entertains any doubt that the government intends to keep housing
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  • Page 10 Advertisements
    • 507 10 Still The Best... Henley Management College are leaders in the field of flexible MBA programmes for busy international executives. Henley is the first international MBA programme to be offered in Singapore in 1985 and since then, Henley has built a formidable presence here and around the world. The Henley MBA
      507 words
    • 233 10 OFFICE SPACE FOR SALE UIC BUILDING 5 SHENTON WAY Upper Ground Floor 2174 sq ft to 4682 sq ft Upper Floors 786 sq ft to 8934 sq ft Vacant possession Ample carparking Private treaty sale(s) For further details, please contact Vivian Tan/ Leong Whye Mon CB Richard Ellis (Pte) Ltd
      233 words
    • 84 10 Classified First. Need to get tometking fixed? Or timply teek out a good buy? Check The Straits Tiroes Classified First t land premium between US$25 30/m 2 (50 years right of use) location about 20 over minutes drive from Hongqiao airport infrastructure! facilities roads, water/power/gas supplies, teiecommunicalion, sewerage and drainage
      84 words

  • eNews
    • 703 11 SYDNEY The Solution 6 and Sausage alliance allows Telstra to boost the value of its online commercial investments Bloomberg, Reuters TELSTRA Corp, Australia's No 1 telephone company, will take a 40 per cent stake in the merged
      Bloomberg,; Reuters  -  703 words
    • 305 11 AFP [NEW YORK] Horror author Stephen King is considering publishing a serialised novel online, based on the successful Internet release of his new novella last week, according to Time magazine. "This is a watershed moment," King told Time in an interview in the
      AFP; USA TODAY  -  305 words
    • eBriefs
      • 78 11 Bloomberg [SANTA CLARA, California] Intel Corp, the world's largest computer chip-maker, introduced two Caster versions of its flagship Pentium HI microprocessor, further heating up the race with rival Advanced Micro Devices. Intel was to start selling 850 megahertz and 866 megahertz Pentium in chips
        Bloomberg  -  78 words
      • 85 11 Bloomberg [SAN FRANCISCO] Macromedia Inc, a maker of design software, unveiled agreements with two animators and two music providers, including Viacom Inc's MTVi group, for its shockwave.com entertainment Web site. The company said James Brooks, who has produced the animated TV show The Simpsons and
        Bloomberg  -  85 words
      • 79 11 Bloomberg [SYDNEY] AMP Ltd, Australia's largest fund manager and biggest life insurer, said it will start an online stockbroking service "in the next few weeks" to broaden the range of services it offers to customers. "We'll outsource delivery of the service, but it will be
        Bloomberg  -  79 words
    • 339 11 HancomLwox to market final version of Weqjie next month Bernama, AFP [BEIJING] HancomLinux, subsidiary of Korea's software maker Haansoft, has developed the world's first Chi-nese-language word processor for Linux and began to distribute the beta version to Chinese users yesterday. HancomLinux will sell the
      Bernama,; AFP  -  339 words
    • 169 11 Reuters [NEW YORK] At least 51 Internet firms will run out of cash within the next year, according to a Pegasus Research International study commissioned by Barron's and reported in its March 20 edition. Online retailer Amazon.com Inc was one company that
      Reuters  -  169 words
    • 286 11 BEIJING AFP THE Chinese authorities have given permission to Sina.com, one of the most popular Chinese-language Internet portals, to list its shares abroad, state media reported yesterday. "Sina.com has received permission from the ministry of information industry and China Securities Regulatory
      AFP  -  286 words
    • 182 11 LONDON Reuters BRITISH banking group Barclays pic said on Sunday it would launch a range of Internetbased services in the next few weeks to bolster its position as the established bank with the biggest Internet presence. Barclays, which announced last month that it planned to
      Reuters  -  182 words
  • Page 11 Advertisements
    • 77 11 SONY. Inspired by the Winning Presentation... 8 i IHkH I MiTPwnfrTiiT^" ...she slipped the projector in her handbag and with her brushes made sketches of her favourite places in the city. 088 PfIWECTOfI Vjvvvv/ For mora MonMlon. P*«»n cai Wm Mbmlug Sony Authorised 0 ultra. Osacar C«y T« *****73 Oaentowr
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  • EDITORIAL & opinion
    • 771 12  -  ITnvmiiijLLi OPINION mohan kuppusamy The writer is BT's editorial page editor CHEN Shui-bian's victory in Taiwan's presidential election should be a surprise to no one except the hardcore Kuomintang (KMT) backers who laboured under an illusion that somehow the party leaders were akin
      771 words
    • Article, Illustration
      160 12 4 lfs money, always money. I will never employ anything but pure cocoa butter, but others will make it with fat and not mark it as fat, which is very bad.' -Robert Limn founder of the famous Maison du Chocolat, after the European Parliament lifted a ban
      160 words
    • 625 12 EDITORIAL JAPAN'S economy has been in and out of recession so many times during the past 10 years that even if the world has not exactly ceased to care, it is certainly no longer surprised Thus, the fact that gross domestic product (GDP) declined for a
      625 words
    • 1246 12  -  If things don't get better soon, fate may deal a bitter choice to Japanese economy By Paul Samuelson The writer is an economist at the Massachusetts Institute of Technology. Los Angeles Times Syndicate NOW it has become more or less official. Japan is
      Los Angeles Times Syndicate; FILE PHOTO  -  1,246 words
    • 850 12  -  COMMENTARY Its financial fixes are always tailored to the last crisis By Caroline Baum Bloomberg THE noise is getting louder and louder, starting with a tympani roll and building to a full crescendo. US economic officials are worried about a
      Bloomberg  -  850 words

  • MALAYSIA news
    • 441 13  -  INTERNFTnFTT] They will set np a firm to build 40 ha park to service global players From Eddie Toh in Kuala Lumpur THE Singapore Technologies group is tying up with Renong to expand the latter's nascent Internet ventures, the Malaysian company
      441 words
    • 177 13 KUALA LUMPUR Bloomberg IREKA Construction Bhd, a Malaysian builder, said it agreed to buy 25 per cent of a Hongkong company that operates an online travel agency business for one million Malaysian ringgit (*****,000) as it looks to boost
      Bloomberg  -  177 words
    • 403 13 He signs options to bny into 3 Internet firms for RM35m A WEEK after successfully sealing a deal with Softbank Corporation of Japan through Digi Swisscom Bhd, entrepreneur Vincent Tan Chee Yioun is now on a "dotcom acquisition trail", the New Straits Times reported
      403 words
    • 245 13 KUALA LUMPUR Reuters, AFX-Asia UNITED Engineers (M) Bhd (UEM) said it will offer 25 to 30 per cent of its whollyowned subsidiary Projek Lebuhraya Utara-Selatan Bhd (Plus) to domestic and foreign investors when it lists the firm later this year.
      Reuters,; AFX-Asia  -  245 words
    • MARKET moves
      • 78 13 PICA Corporation tumbled 59 sen to 4.56 Malaysian ringgit following its announcement that it has aborted the deal to acquire a substantial stake in Kalan Gold, a US Internet company. However, the company said it's still determined to expand its horizon in cyberspace. Its wholly-owned Pica dot Com
        78 words
      • 106 13 INVESTORS were unimpressed with Renong Bhd's foray into e-commerce last week. Its shares fell 7 sen, or 2.4 per cent, to RM2.86 yesterday, marking the first decline in three days. The share price may continue to consolidate although the company yesterday linked up with a unit of
        106 words
      • 56 13  -  Compiled by Eddie Toh WHILE investors dumped Renong, they snapped up the shares of its associate, United Engineers Malaysia. It gained 30 sen to RM9.65 following news that UEM will list its highway operator Plus to raise at least RM3.75 billion in a bid to wipe
        56 words
    • 54 13 [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad is seen through a reflection of a water pollution maintenance machine after opening a conference on pollution in metropolitan cities in Kuala Lumpur yesterday. Dr Mahathir surged ahead in his bid to retain leadership ofMalaysia's dominant party as his only
      REUTERS  -  54 words
    • 359 13 KUALA LUMPUR Reuters MALAYSIA'S central bank said yesterday it would prosecute bank workers who violate secrecy laws after the government accused opposition supporters of leaking confidential information on some customers. The warning comes ?.mid accusations by Malaysian opposition political parties that
      Reuters  -  359 words
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    • 1024 13 Noble group limited (Incorporated in Bermuda with limited liability) Worldwide providers of raw materials necessary for economic growth 1999 Results Announcement Year ended 31 December 1999 The Board of Directors of Noble Group Limited present to you herein the audited results of the Group for 1999. It is gratifying for
      1,024 words

  • SOUTH east asia
    • 477 14  -  Strong 7% export growth and 11% gain by manufacturing sector set the tone From Hariah Mehta in Bangkok THE Thai economy grew 4.2 per cent last year, signalling that it is well on the road to recovery. The National
      Source: Economic & Social Dept board  -  477 words
    • 326 14 BANGKOK Bloomberg THAI Petrochemical Industry, the country's largest delinquent debtor declared insolvent last week said it fell to a loss in 1999 because of a stronger baht and rising interest expenses. The company reported a net loss of 6.7 billion baht (Ss3o2
      Bloomberg  -  326 words
    • 266 14 m MANILA Bloomberg PHILIPPINE National Bank, the nation's fourth largest lender by assets, has agreed to another audit to check the findings of an audit conducted last year, Finance Secretary Jose Pardo said. The second audit is intended to establish
      Bloomberg  -  266 words
    • 317 14 JAKARTA Ibra also says Saturday deadline to close deal will be met Reuters INDONESIA'S chief economics minister said yesterday he was certain the Indonesian Bank Restructuring Agency (Ibra) will be able to conclude the sale of a 40 per cent stake in
      Reuters  -  317 words
    • 394 15 BANGKOK It may need 40b b&ht to resolve bad loans, meet regulatory standards Bloomberg THAI Military Bank pel, the country's sixth-largest bank, denied reports that it is asking the government for more capital support than earlier planned. The bank last October delayed
      Bloomberg  -  394 words
    • 60 15 [JAKARTA] Indonesian men in traditional wedding attire waitingfor their turn to join a procession during a mass wedding ceremony held at the Istora covered sports stadium here on Sunday. The wedding, involving 670 couples, was held for the poor and was sponsored by Nahdlatul Ulama, Indonesia's largest
      AFP  -  60 words
    • 213 15 BANGKOK Finn fails to raise its capital to meet standards Bloomberg THAILAND'S Finance Ministry said it ordered the closure of Thai Capital Finance Co after the non-bank finance company failed to raise its capital to meet regulatory standards. The order came a
      Bloomberg  -  213 words
    • NOTEBook
      • 113 15 Bloomberg [JAKARTA] PT Bank Mandlri and PT Bank Negara Indonesia the country's biggest state banks—lost 47.1 trillion rupiah (SIIO.B billion) last year as they paid out more for deposits than they earned from loans, Finance Minister Bambang Sudibyo (right) said. Bank Mandiri, Indonesia's biggest
        Bloomberg  -  113 words
      • 68 15 AFX-Asia JAKARTA] Riau Rustam Abbrus said the provincial government is determined to take foil ownership and operational control of the Coastal Plains Pekanbaru oil block when PT Caltex Pacific Indonesia's currant contact expires next year, Tht Jakarta Post reported. He said the province
        AFX-Asia  -  68 words
      • 90 15 AFX-Asia [MANILA] The Board of Investments in the Philippines is planning to create a mediation body to settle disputes between a foreign investor and its local partner, 801 governor Antonio Leviste said. He said the mediation body will prevent disagreements from being elevated to
        AFX-Asia  -  90 words
      • 86 15 Bloomberg [JAKARTA] Indonesia's Finance Minister Bambang Sudibyo expects the country's economy to grow 1.5 per cent in the year ending March 31,2000, topping an earlier prediction of zero per cent growth. Consumer prices are expected to have Cedlen 0.5 per cent over the period
        Bloomberg  -  86 words
  • Page 14 Advertisements
    • 16 14 TRAVEL GUIDE The Straits Times Classified. Classifications 573 587. CATA Buy H. sa h. Find It
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    • 65 14 I v*** --T <v lH r r 111 "3bt irtffir *i jfeferr i i^:<f, "In our business, speed ev "V> .'.£--"■<#- «r Gordon Ltl, Vice Rr—Ment, Slot "VjiTitTf- < 7 ->•- J "NT" ;4!#ft <■* T ■> g£ yoMifc 1. Bridge Information Systems, the fastest growing financial Information provider In
      65 words


  • EAST asia
    • 257 16 SHANGHAI Reuters CHINA will set up a big new securities firm in May as the government forces trust firms to surrender their stock operations, securities industry sources said yesterday. The brokerage, to be called Galaxy Securities Co, will combine the securities arms of
      Reuters  -  257 words
    • 74 16 [HONGKONG] Members of Greenpeace struggling yesterday to hang a "Stop Dioxin banner in high winds on a tank at a Chemical Waste Treatment Centre in TsingYi to protest against the Hongkong government'splan to burn medical waste at the facility. Incinerators for medical and municipal waste have
      AFP  -  74 words
    • 375 16 HONGKONG Excluding gains of USs73i) million from securities investment, it would have reported a loss Reuters HONGKONG-based Internet and telecommunications firm Pacific Century CyberWorks Ltd (PCCW) yesterday said it posted a net profit of HK5346.81 million (5576.3 million) for 1999, versus an HK562.04 million
      Reuters  -  375 words
    • 295 16 BEIJING It may raise USslb before competition sets in on WTO entry FT SINOPEC, China's second largest state oil company, plans to launch a share offering in June in New York, London and Hongkong. The aim is to raise capital before
      FT  -  295 words
  • Page 16 Advertisements
    • 192 16 AVewards come easier now with Asia's most exciting travel reward programme. Enrol in Asia Miles between 15 February and and 31 May 2000, and you'll enjoy sweet rewards such as 3,000 bonus Asia Miles (in addition to your normal accrual) as well as a chance to fly to Hong Kong
      192 words
    • 8 16 mry FHdiy hi Tlm Nm P»p«f Fastafc f&§ifaffa
      8 words

  • SOUTH asia
    • 489 17 DHAKA But PM agrees to intensify cooperation with the US on developing its reserves AFP Reuters BANGLADESH and the United States yesterday agreed to "intensify cooperation" on developing the impoverished country's vast natural gas reserves, Prime Minister Sheikh Hasina Wajed said. But in
      AFP; Reuters; REUTERS  -  489 words
    • 265 17 BOMBAY Reuters INDIAN shares are expected to halt their run of losses this week as after Ave consecutive weeks of declines they appear reasonably priced and are likely to be attractive to investors once again, analysts said. But whether or not they show a
      Reuters  -  265 words
    • 439 17 Some commentators call the decision 'development aid in reverse' BERLIN Oana-PTI THE German government's decision to open doors to a large number of Indian software professionals has created a stir here with many terming the decision as "development aid in reverse". The
      Oana-PTI  -  439 words
  • Page 17 Advertisements
    • 160 17 1 I i' They have made their mark on world tradeAsia Pacific Breweries, Bax Global, Borealis Singapore, Cerebos Pacific, Creative Technology, Hewlett-Packard Singapore, Informatics Holdings, Keppel FELS, Maersk Singapore, Salcon, ST Logistics, TT Importers Exporters, Texas Instruments Singapore, Toepfer International-Asia and Venture Manufacturing. Are you ready to make yours? s
      160 words

  • WORLD news
    • 486 18 NEW YORK Wall Street finds it arduous to access vital information with current paper filings Reuters WITH a flurry of foreign initial public offerings raining down on Wall Street, industry watchers are worried that retail investors may be scooping up
      Reuters  -  486 words
    • 308 18 FT [WASHINGTON] The US House of Representatives this week will debate legislation aimed at curbing the Organisation of Petroleum Exporting Countries by withholding US aid and arms sales from countries found to be engaged in oil price "fixing". The legislation,
      FT; AP  -  308 words
    • 254 18 SEOUL Bloomberg KOOKMIN Bank's union set up a blockade to stop former regulator Kim Sang Hoon from taking up his new role as president of Korea's largest commercial bank, and said it will sue to revoke his appointment The bank confirmed Mr
      Bloomberg  -  254 words
    • 193 18 MELBOURNE Bloomberg CITIBANK NA, a unit of Citigroup Inc, will close its six remaining Australian branches in April, to set up more cost-ef-fective "investment centres". Citibank, which first entered the Australian market following deregulation of the financial industry in 1965, had as
      Bloomberg  -  193 words
    • 570 19 BRUSSELS Merged bourse will be the largest stock exchange in the 11-nation euro-zone Reuters, AFP THE Paris, Amsterdam and Brussels bourses said yesterday that they will merge in September to form the largest stock exchange among the 11 euro-zone countries with a
      Reuters,; AFP; AP  -  570 words
    • WORLDWatch
      • 59 19 Bloomberg [NEW YORK] Lehman Brothers Holdings toe's first-quarter profit doubled, driven by a surge in trading revenue and gains in investment banking. Lehman said net income for the three months ended Feb 29 rose to US$54l million (*****.1 million), or U553.69 a share,
        Bloomberg  -  59 words
      • 59 19 AP [BONN] German members of World Wide Fund for Nature (WWF) polluting the globe during a media event to welcome the participants of the fourth round of negotiations on an international legally binding treaty on persistent organic pollutants, or POPs, in front
        AP  -  59 words
      • 65 19 Bloomberg [NEW YORK] Andersen Consulting, the world's largest consulting firm, said it will invest US$2OO million (***** million) in electronic-commerce companies this year and distribute the proceeds to employees. In coming years, Andersen plans to invest US$lOO million annually on behalf of long-term and top-performing
        Bloomberg  -  65 words
      • 75 19 AFP [MOSCOW] Internet-based business in Russia is 9et to boom, with salaries rocketing and investment set to double in 2000, reports Vedomosti daily. "Management salaries in the sector are at US$7,OOO (5511,970) a month and will reach US$lO,OOO between now and the end of
        AFP  -  75 words
      • 91 19 Reuters [MELBOURNE] Australia and New Zealand Banking Group Ltd yesterday said it was considering bids from three US companies to supply software for its administrative functions, aiming to have a paperless head office. The software would go on top of Microsoft Corp's Windows 2000
        Reuters  -  91 words
    • 422 19 LONDON Reuters BRITISH trade unions yesterday vowed to block the sale of the nation's last home-grown carmaker, Rover, and called on Britons to boycott the company that is ditching it, Germany's BMW AG. Unions said the deal, which would
      Reuters  -  422 words
    • 289 19 MUNICH New venture aims to double sales to 14b euros in five years Bloomberg SIEMENS AG and Mannesmann AG said yesterday they are combining their auto parts businesses into a venture with 7 billion euros (5511.69 billion) in annual sales to
      Bloomberg  -  289 words
    • 385 19 Frankfurt It had failed last year to enter the German market Bloomberg FRANCE Telecom SA, Europe's second-biggest phone company, may buy a 20 per cent stake in Germany's Mobilcom AG, giving the French company entry into Europe's biggest market after a failed
      Bloomberg  -  385 words
    • 509 19 LONDON Reuters HIGH-tech bubble or not, the London stock market should grow solidly this year, according to a Reuters poll of equity analysts. Indeed, some say that with British companies restructuring busily, interest rates likely to peak soon and
      Reuters  -  509 words
    • 302 19 LOS ANGELES Reuters THE missing Oscar statuettes were discovered on Sunday night in the last place one would expect to find a HoUywood star in trash bins behind a cheap supermarket in the Los Angeles district of Koreatown. Police said that some
      Reuters; AP  -  302 words
    • 396 20 LONDON It also puts damper on mega-mergers, calls for breaking up of dominant banks Reuters A GOVERNMENT report made a stinging attack on British banks yesterday, saying customers and small businesses were paying too much for banking services and tougher regulation was
      Reuters  -  396 words
    • 61 20 [THE HAGUE] A boy walking in front of a work of art made with 150 bowls of glass filled with water on Sunday in the city hall of The Hague, the Netherlands. The work was designed and put together by French artist Brigitte Nahon for the World
      AFP  -  61 words
    • 371 20 LONDON Reuters BRITAIN'S biggest brewer, Scottish Newcastle pic, yesterday outlined a plan to become one of Europe's leading brewers by acquiring most of French food and drinks firm Groupe Danone's brewing interests. The new business to be based on a creeping takeover in which
      Reuters  -  371 words
  • Page 18 Advertisements
    • 201 18 i P &mB f-MJFf F I miMt9mtßßi» 1 J R J, 1 9 B SB B\ *****81 «Sf &SmJ MHrMsr J;- HH £f v IFroB 1 -?B-HI Hi I i V KS^^HIHSfI WSm Jk-MSg jgM- m t WJffjHj Hl' iH^^",'SdSal I fflK i 91^ #m?*m j fmm-~*B M S«B IHL
      201 words


  • Page 20 Advertisements
    • 617 20 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE TO CLOSE REGISTER OF LOAN STOCK HOLDERS $22,000,000 PRINCIPAL AMOUNT OF 2.25% UNSECURED LOAN STOCK DUE 2002 Pursuant to the terms of issue of the $22,000,000 Principal Amount of 2.25% Unsecured Loan Stock Due 2002 ("Loan Stock 2002"),
      617 words
    • 820 20 IHH HWA HONG CORPORATION LIMITED (Incorporated in the Republic of Singapore) UUU 1999 UNAUDfTED FULL YEAR RESULTS FINANCIAL HIGHLIGHTS DIVIDEND ANNOUNCEMENT GROUP RESULTS FOR THE YEAR ENDED 31 DECEMBER 1999 1999 1998 Variance SS'OOO ssooo Turnover 172,257 150.433 14.51 I Operating profit before tax and minority interests 10,531 2,808 275.04
      820 words
    • 286 20 ACER COMPUTER INTERNATIONAL LTD (Incorporated in Singapore} LOST SHARE CERTIFICATE Share certificate no. *****7 covering 54,938 shares in the name of Hung Yi-Shing has been reported lost, mislaid or destroyed. NOTICE IS HEREBY GIVEN that a new share certificate wiN be issued and the original share certificate win be deemed
      286 words

  • FINANCE & commodities
    • 265 21  -  SOX Derivatives Tradingßeports MSCI Singapore Index Daphne Tay Jardine Fleming THE Singapore stockmarket finished lower in quiet trade yesterday ahead of the US Federal Open Market Committee meeting later today. The election of a pro-indepen-dence candidate as Taiwan's next president also weighed
      265 words
    • 235 21  -  MSCI Taiwan fixtures Kelly Loh Refco Singapore THE Taiwan Stock Exchange Weighted Price Index tumbled 227.22, or 2.6 per cent, to 8,536.06, after falling to as low as 8,483.41. Stocks like Taiwan Semiconductor led the fall as the election of pro-inde-pendence candidate, Chen Shui-bian, as
      235 words
    • 207 21 ENERGY REPORT Bloomberg CRUDE oil dropped almost one per cent as refiners held off buying in a bet that the Organisation of Petroleum Exporting Countries (Opec) will agree to increase output at a meeting that begins next week. "Nine out of ten people believe Opec
      Bloomberg  -  207 words
    • 347 21 London Reuters THE US dollar was trapped within narrow ranges against the euro and the yen early yesterday amid speculation that US interest rates will be raised later this week and amid growing expectations that euro zone rates will rise again soon. All 30 primary dealers who took
      Reuters  -  347 words
    • Article, Illustration
      1237 21 NTEEB AJfR CROSS RATES Mar20 CS !■> faro Ffr DwHKSlwiH INpiH To mi HI HZjWh Nm S$iK Ur MT> 9afct torn* U$ O WO 50a 0.422 4.078 1716 4716 ***** 45.193 0446 6.772 2J02 L253 ***** ***** 1041 1933 1002 *659 23.023 0295 0506 <*»*» U» W 0599 4.561 1.366
      1,237 words
    • 1711 21 8I00M FUTURES Mar 20 RUBBER (Mmsdaataf as at SJOpa) RSS1 CONTtACT(S cmtsAq} ClOM VoiWM OpM pMafltt High L©» Satt (towm) tutarast Apr 00 05.50 May 00 n7.50 JM 00 120.50 600 JMftap 00 124.50 600 RSS 3 CONTRACT (US cwtVtaj) VolMM OpM Month rttyi Low Sett (too—i) Wwiil Apr 00
      1,711 words

  • STOCK east asia
    • 2583 22 HONGKONG AFP Q Hang Seng +15L47 HONGKONG'S share prices rebounded from earlier weakness yesterday as uncertainty over Taiwan appeared to ease, dealers said. The key Hang Seng Index gained 151.47 points, or 0.9 per cent, over the day to close at 17,234.46 after
      AFP  -  2,583 words
    • Article, Illustration
      965 22 AFX-Asia, Reuters PShemhanß Index +&26 CHINA'S hard currency B shares closed mixed yesterday as investor worry eased over the immediate threat of military conflict in the Taiwan Strait after the election of a proindependence party leader as Taiwan president. Shenzhen's hard currency B Index closed up 0.26 of a
      AFX-Asia,; Reuters; Source: Credit Lyonnsis Securities (Asia) Ltd  -  965 words
    • 322 22 AFP Q VP Index -227.22 GOVERNMENT intervention failed to arrest a diving Taiwanese stock market yesterday as investors reacted in near panic to the election of pro-independence Chen Shuibian as the new president. The market at one stage nudged its fall safety net of 3.5 per cent before closing
      AFP  -  322 words
  • Page 22 Advertisements
    • 38 22 Business Tools Just imagine life without them. The Tokyo market was closed yesterday Wa(| A a f* Mi or fas* cash! Convert your spare items to fast cash. Call C.A.T.S. at 1800-737-1166. Jt rastaas %nt SsOn©nnd oli. JL
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  • STOCK klse
    • 8766 23 mustmals CWMMT pra^KtS 2000 Lm( Vol Day Net Cap w». u» r>n«t »m -ooo hh» l— p/i t*m A20 310 AJinomoto 380 24.1 154.0 J3? ®J Angkasa 103 -5 218 106 102 1519 545 290 ApoHoFoodHIg 498 12 263 545 486 119 1992 2975 2700 BAT 50c 2800 -50 1148
      8,766 words
    • 417 23 AFX-Asia, AFP n Composite Index -&07 MALAYSIAN shares closed lower yesterday on weak regional markets and concerns that Taiwan's election of a pro-independence candidate will raise tension with China, dealers said. The Kuala Lumpur Stock Exchange Composite Index closed down 6.07 points, or 0.65 per cent,
      AFX-Asia,; AFP  -  417 words
  • Page 23 Advertisements

  • Page 24 Advertisements
    • 87 24 One month in cyberspace is like a year in the real world... So we're already 4 decades Since 1996, we've amassed the years of wisdom and experience required to help our clients accomplish their e-business objectives. We've pioneered online procurement, auction, banking, billing and payment services. We've partnered with leading
      87 words

  • SGX clob & regional stocks
    • 3089 25 BONDS WARRANTS Mar 20 m Ms hW I* JL L- o_ SJ -S? jiUBiili *1 tmmttmi (Mr Mm mum c, l I «w rw» Uo Nw M> MM I I 111 -|T"| Mm <*) III 1 »1 tall 104 13 S 3160 A Acar W*****1 US$ 44.561 33.1 1 156
      3,089 words
    • Article, Illustration
      764 25 AFP F1 SET Index +L 25 THAI stocks rose 0.3 per cent yesterday on light trading as cautious investors waited to see how the election of pro-in-dependence president Chen Shui-bian in Taiwan would effect regional markets, dealers said. The Stock Exchange of Thailand Index closed up 1.25 points at
      AFP  -  764 words
    • 282 25 AFP Q Composite Index+lo.79 PHILIPPINE share prices rose 0.7 per cent yesterday as traders picked up oversold issues. The Philippine Stock Exchange Composite Index closed 10.79 points higher at 1,657.07. Volume fell to 6.31 billion shares worth 1.37 billion pesos. AFP "W ft (•»*>) MRC A Iliad 0.64 0.02
      AFP  -  282 words
    • 278 25 AFP PIBSE-40 -15J6 NEW Zealand stocks, influenced by leaders going ex-div-idend yesterday, were down 0.8 per cent, or 15.65 points, to 1,963.66 on the NZSE-40 Capital Index. Turnover was a light NZ$65 million, with Telecom Corp falling eight NZ cents to NZ$B.6O. —AFP j»M i *f- mm Advantaga MOS
      AFP  -  278 words
    • 300 25 AFP n Compos talndei jjl THE Korea Stock Exchange Composite Index yesterday closed down 5.06 points or 0.6 per cent at 850.51. Volume was 216 million shares worth 2.5 trillion won. AFP ■Mr ti «w Anom Somi ***** -650 BrMnTocti 1640 U0 Control Bank 2700 SO CMCmm *****0 -3500
      AFP  -  300 words
    • 569 25 AFP All Primaries +24.7 AUSTRALIAN share prices lifted 0.8 per cent higher yesterday. The Australian Stock Exchange's benchmark All Ordinaries Index closed 24.7 points higher at 3,228.1. Turnover totalled 853.42 million stocks worth A 51.35 billion, with 736 risers outnumbered by 777 fallers, while 475 stocks were steady. The
      AFP  -  569 words
    • Article, Illustration
      660 25 AFP Q Composite Index -SJT7 INDONESIAN share prices closed one per cent lower yesterday on the back of weaker regional markets and a fall on Wall Street last Friday, dealers said. A dealer with Ramayana Artha Perkasa Securities said the market was "minus, with trading volume thin, about half
      AFP  -  660 words
  • Page 25 Advertisements
    • 57 25 IN ONi HOB'S I 1 |b— I IPO. Shares. Bonds. Stocks. Annual Reports. v II I Whatever you're offering, we help you reach out ■^-rrr^L^ II I to 86.7% of all adults in Singapore daily. CT~ I ESC:s=a=»-*Z£«* g. M U* In, r M The Straits Times The Business Times
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  • 8861 26 SGX MAI HBO ART) Transaction date: Mar 20 Or Or M Wt 32-Wk Last v*l Day Last Quota Wv Otv Yld Mat Cap Avg Law «tw Cimpmy U* roooi wo Law Bwyar »a—r Cw W M* Wo MULT1 MBUITIY 162 70.5 m c WOO AcmaSOc >32 -2 166
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  • Page 26 Advertisements
    • 117 26 With the share trade settlement period reduced, you can still maximize your trading power. Citibank Equity Investment Account stocks even after the 3-day settlement period. And in addition to our competitive Why let a shorter trade settlement period reduce your trading opportunities financing, you'll also be earning daily interest on
      117 words

  • Page 27 Advertisements
    • 347 27 Where to wine, dine and entertain..rt @>fiss«r Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: #23 (Adult), 40% discount (Child) Dinner: $26 (Adult), 40% discount (Child) For reservations, please call 290 8005/299 9011. Pnces subject to service charge row. taxes
      347 words
    • 32 27 jSb^ $28+++ SPECIAL Savour traditional Beijing Duck at Pine Court Chinese Restaurant today. 10 to 31 March 2000 Reservations: 831-6262/6 L— 333 Ochard Road. Smgapon *****7 Tel: 737 4411 fax: 732 2341
      32 words
  • Page 27 Miscellaneous
    • 1288 27 4 I Vr-Tri* cryptic crossword wmm tP" "mb i l —i 1 9.00 AM Kids Central: Pip 430 S Club 7ln Miami. 4.48 Fiveman. 730 L/ I I I P 1 The Appleseed Knight. 5.00 Jack Hanna's Animal SJO My Mother. 7.30 St Georees Triathion TH| m& Jp 930 Polka
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  • KNOWLEDGE economy
    • 1138 28  -  For the individuals, skills is everything while companies have to learn to destroy the old to create the new, says US economist Lester Thurow By Eugene Low [SINGAPORE] THE world is in the middle of a third industrial revolution, and individuals, companies and governments will
      FILE PHOTO  -  1,138 words
  • Page 28 Advertisements
    • 1263 28 PGL' PACIFIC CARRIERS LIMITED (Incorporated in the Republic ot Singapore) The Directors of Pacific Carriers Limited wish to report as follows to shareholders:UNAUDITED RESULTS FOR THE YEAR ENDED 31 ST DECEMBER 1889 The Group The Company 1999 1998 Variance 1999 1998 Variance $■000 $000 $"000 $'000 1 (a) Turnover 134,058
      1,263 words

  • SHIPPING TIMES
    • 301 29 Bridge News, Reuters C APESIZE and handysize conditions were broadly unchanged worldwide in a subdued end to the week on the dry cargo freight market. Panamaxes in the east remained in good demand and further period business was concluded at US$l2,OOO daily for 5-7 months trading for the
      Bridge News,; Reuters  -  301 words
    • 261 29 *r» V- W CWT OtttrtDuttor 1.00 0.02 13 o»«n hi* oja -0.01 929 CMto !n*«tm«nt.-_-.0.19 -0.01 15 flnMMUrtM 0JS -0JB3 S306 OCHoMnqs 0.70 -0.02 14 MM Sun HHP 0.70 0.02 103 IMC —S.40 uncti 0 JayaHoMngs QJt unch 7M P SCarp 3.52 0.10 1142 1U 1.07 0.03 118
      261 words
    • 443 29  -  World's largest cruise tine reports profits of US$l7L5m in first quarter By Donald Urquhart [SINGAPORE] Carnival Corporation, the largest cruise operator in the world, warned of falling earnings after reporting first-quarter profits of U*****.5 million (*****.55 million) and the scuttling of its joint venture with
      AP  -  443 words
    • 187 29 AP [BEIJING] Investigators have blamed human error and stormy seas for the sinking of a ferry that killed 280 people in one of China's worst maritime accidents, the official China Daily reported yesterday. A special government panel looking into the Nov 24 disaster put
      AP  -  187 words
    • 454 29  -  S'pore office the first carrier to sign up with Asi&shipxom, Cargoexchangejiet By Ann Toh [SINGAPORE] P&O Nedlloyd Singapore has become the first carrier to announce participation in two locallyfounded shipping e-com-merce portals, Asiaship.com and Cargoexchange.net. Tony Gibson, general manager of P&O
      454 words
    • PORTShots
      • 58 29 [LONDON] The latest figures from the Japan Ship Centre show that newbuikiing orders fell February, down to 41 ships of9o2,l4ogross tons, 32 per cent lower than January but still per cent higher than in February last year. Small balk carriers dominate the orderbook, and the figures
        58 words
      • 54 29 [LONDON] South Korean liner firm Hanjin Shipping has reported net profits of US$32 million (5554.4 million) last year, up 67 per cent from 1996. Throughput rose 8.2 per cent to 1.97 million TEUs. Hanjin was forced to pay tax penalties by the South Korean government last year
        54 words
      • 83 29 [LONDON] Thai-based handymax operator Precious Shipping saw its losses rise by 130 per cent to US$6.4 million (Sslo.BB million) last year despite a rise in income and efforts at cost-cutting. Although its annual loss roee from US$2.9 million in 1996, the company is hopeftil that things
        83 words
    • PIRACY at sea
      • 801 30 A tanker missing since last month has focused attention on the increasing number of pirate attacks at sea AFP [KUALA LUMPUR] A tanker almost as long as a football field which vanished without trace last month has focused attention on a modern-day scourge of the sea
        AFP; FILE PHOTO  -  801 words
      • 159 30 PAGC D$ft-Scnator 4 AO. 6 Mm 4 AM. 3 OMkUM t Accord Dongmm» 3 AppcMMp 5 twtr,w Austral 8 01 4 MajiShpq 5 ECUUw KA j Ewflrwn ruMitas s TomSm 1 c Link 4 CCNJ 7 Ccfurtrmi 6 ry> M w Hfw#i 7 COSCO 5 VTOrW 3
        159 words
    • 17777 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT Advarttsar Vassal Voyaga Tatephona ETA ETA Advartlsar VhM Voyaga Tataphona P sr *"g» Wwbor Nuwbar SIN Dast'n Nam* Nam* Number Number M 02/04 n/#S NGPL CMENCTU V0S4 65-*****00 To ABIDJAN (ABJ) 2003 Cote D'IV04re 04/04 M/04 ANL POND BRISBANE MS 45-*****55 29/03 13/05 COSCO LUOBAHE
      17,777 words
    • SHIPS IN PORT
      • 651 41 Voy Mo Nrt» Arrival D#p*rtur« fjw voo3 n ""jS 20/03/430 avovwm 103G4 JOI 20/03/fc25 20/03/2040 l"*"" i M J02 20/03/W5 21/03/840 *Wii J J03 20/03/7.25 22/03/2340 •**7 n J04 20/03/9* 20/03/040 ***** JOI 20AJVKW0 20/03/2340 ■tS«W MAC-20 JOI 20/03/1130 20/03/2339 °«"Sw»2 OVOO J03 20/03/lt45 20/03/2340 *»r NMR03 J19
        651 words
      • 1383 41 RECEIVING Of EXPORT Fa CONTAINERS AND LCL CARGO ftrttt SMp Voy No m/mr Nrioi Fro* To Fr— *auuc out nfltoo m wsoo wtst an ia umxs om nut u mtboo mm mm ->Cl.rOC WM» WTO W70C 2V0659 .VOW 29 20/1/00 JV0459 2V0990 ALAMMVA 2 MO IHiM M 20/B99
        1,383 words
      • 760 41 THIS report, compiled by Cockatt Marine Oil Ltd. ahow* price taps in US dollar* instead of single pricea tor a more comprehensive deecrlption of the markat Price* shown are baaed on averagealaed stem Market movamenta are Indicated. The Cockatt Bunker Price Index change and the individual
        760 words
      • 196 41 Apr 3 Taiwan: Women A Children's Day. Apr 4 Hongkong: Chlng Ming Festival. Indonesia: Harl Raya Nyepi. Taiwan: Chlng Ming Festival. Apr* Korea.- Arbor Day. Apr* Indonesia: Muslim New Year. Malaysia: First Day of Muslim Calender. Apr 9 Philippines: Day of Valour. Apr 90 New Zealand: Market Holiday.
        196 words
      • 417 41 CvtM Mlta W£2 0.9 15.9 0.H 77 OjM y-u rimfTi m« MM Ask MM* 111 He Wow E25 2 0 0 0 380 Aw 987J 0J Bl tM 42 0.03 ,Z! 380 He 998.9 5.9 17.5 0.T1 90 0J7 M/WM »fA »H/H %H/H 1M H» Wow
        417 words
    • AIR & LAND transport
      • 452 42 Criminal investigators also looking into allegations against maintenance supervisor Bloomberg [WASHINGTON] US criminal investigators and the Federal Aviation Administration (FAA) are looking into allegations that a maintenance supervisor at the Seattle-based Alaska Airlines pressured mechanics to cut corners, the airline and FAA officials said.
        Bloomberg  -  452 words
      • 257 42 Grew of Boeing MD-11 reported smoke in the cockpit before crash AFP [WASHINGTON] A 1998 Swissair crash that killed 229 people off the coast of Nova Scotia may have been caused by a faulty cockpit light, the New York Times reported. Canadian
        AFP  -  257 words
      • 505 42 Bloomberg, Reuters [SEATTLE] Striking Boeing Co engineers and technicians approved a new three-year labour contract, ending a 40day walkout that slashed production at the world's biggest planemakcr. Members of the Society of Professional Engineering Employees in Aerospace (SPEEA) voted by a 71 per
        Bloomberg,; Reuters; FILE PHOTO  -  505 words
      • 411 42 AFP [PARIS] Under a planned agreement between members of the Airbus consortium, construction of the projected giant A3XX airliner would be shared between factories in France and Germany, the French Ministry of Transport said. "The planned agreement between partners in the
        AFP; AP  -  411 words
      • LOGBook
        • 86 42 Bloomberg ISYDNEY] Qantas Airways Lid. Australia's largest afrflna. Mid international, domestic and regional passenger aumbsrs rose 4 per cent in Jsnuary from a fear ago to L 7 million. Revenue passenger kilometre*— the number of paying passengers multiplied by kDometrss flown—rose* per cent to 5.6
          Bloomberg  -  86 words
        • 67 42 Reuters [AMSTERDAM] KLM Royal Dutch Airlines (KLM) announced yesterday a package of reorganisation measures, including a reduction of 2,700 jobs and an expected 5 percent cut in capacity of its winter schedule. KLM said It expects to save 500 million guilders (*****.5 million) in the first
          Reuters  -  67 words
        • 110 42 Reuters [NEW DELHI} Swissair will expand its flight operations to India this Pimnl*, the airline's ehief executive Jeffrey Kata said. The airline is planning to start from July daily flights ct-SwHwi land to Bombay and New Delhi, Mr Kats, who Is on s business
          Reuters  -  110 words
      • 1481 42 cm RJBtT CTA FUMT CTP umi urm mo turn am f+m» »om boo som ocs OTtt 1930 onz 2050 Onafitaa SOW MO Ml AM229 2290 CZ351 2045 SOOM 1015 u«2 230 M mm xm mm m S8229 2230 SOVW175 *35 JMrtll— ***** 0S25 CMT4 0B0 WB0743
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    • 307 29 People Rotterdam Municipal Port MGM Steven Lak, executive director of Infrastructure and Commercial Affairs of the Rotterdam Municipal Port Management (RMPM), will join the management board of ECT as vice-president and statutory director from May 15. EK Scholten, chairman of the board of RMPM, will take over his duties till
      307 words
    • 7 29 Spotlight on rising scourge of piracy spg2
      7 words
    • 89 29 KI km |!i £&brbb| The advent of Information Technology and intermodal logistics solutions have dramatically changed the global logistics industry. In addition, Singapore is fast becoming the logistics hub of the region. To keep our readers updated Shipping Hmes now features a full page on logistics on Thursday every fortnight
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    • 753 30 wmHWurowmoioQ j rasa wr im s* mm B vesa vot mm mm kwt |jm mm am mm m OOQ AfIBKA 41WM4 M/M 24/83 M/M IHO MMIOYt WOMM Ml 11/ M 14/ M 11/ M 14/ M IS/M M/M M/M B/M OOCLCAUFOKMA 4SWSM 15/ M M/M M/M B HO MMLOYt MMIAMAS
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    • 516 30 linn larvicM rapmanted by Mambarj of if* R«giUry of Membws of »he Accredited Shipping AgmjH, Singapore Logishci Auoaation. S'pof National Shtppxng Amoc. Q ULY UNE MALI |VBSa I VOY Itt eu T7S f. HUMP SfOtf MAu Empress Lity VO3OO 02/04 03/04 10/04 Princess lily VO3OO 18/04 19/04 27/04 Empress Uty
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    • 977 31 I® hanjin SHIPPING igfl Jk Wp a jgjg gjMM I |TQ HW >Wo t WP n7 774 nTO^S mni iu7?muaK "wwooom I USA fiMAflA* I IZ LI IT"" ,1.1, ZZ ZZ Z NS "Z ZZ ZZ ZZ ZZ ZZ w"" ~/M ,V IHJ BJIAKTW 0471 00*4 M/M MSG 27*4 21/04
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    • 180 31 t ACCEPTING LCL CARGOES TO l/M JAPAN, CHINA, KORKA AND HONG KONG M FOR ENQUIRIES, PLEASE CALL 220 8558 v m*mk» consolidation, warehousing, transportation, I i__HOiJSEHOLD REMOVAL AND CAR TRANSPORTER LCL CONSOLIDATION SERVICE Am ifllHtti ot M/MW OSK Urns/Hal Sm Hts Grwm Cmgmbqnmit+tktPtHM -j- P«Tmi9W «i» woo 30 OOW Mn
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  • Page 32 Advertisements
    • 1157 32 DSR-SENATOR LINES TO UE/CONHNKNT TOMEPframUNKAN/CANADA WW jg WW IWW mm Iwv |fu [asc. Ivor m wr I«1mI m wi MB BM 11M LONDON KMTOM NOD an MM 11M 11M lIM ~BM HMUM UN HUNQtCO WW tt H 17 M M M tN 11M UM 11M WASHMGTON tBMTOH MM an II
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    • 1455 33 VOV I KHH HKO I SIN PKO I DXB I DORM I BA I BBC S2-" 147 22/03 24/03 28/03 20/03 08/04 00/04 ham ia/04 IRAN SHAHRYAR PCL-148 29/03 31/03 04/04 00/04 18/04 10/04 18/04 20/04 IRANBAABAEI PCL-149 08/04 07/04 11/04 12/04 22/04 23/04 28/04 27/04 PCL ISO 12/04 14/04
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    • 959 34 n jADVANCE CONTAINER LINES (PTE) LTD I Al. I TEL: *****21. FAX *****19. TELEX :RS ***** ACLPL FOR BOOKINGS PUASI CAIL *****22 SALES A MARKETING *****21-21 OPERATIONS: *****80/ *****D5 CR NO. **********0E iAWOKOK UHWt/W-l JAKAKTA •<T hWirtim) vtssa Ivor sm bkk vtssa voy I sx I jkt KPTA RATNA IPAT/lOfl
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  • Page 35 Advertisements
    • 400 35 BSfl a. mm MYANMA wBBk FIVE STAR LINE (MyMmr Notional Lino) loading for Yangon (Rangoon) VKSa VOT SM PU PEN PGU hpa-an mtw SLD SAGAJNG 66W SU> MALAYSIA AGtIfTS: NOUSTIAD SMffMG AGENCKS KUL m (03)*****00 PRI: TEL (03)*****01 PEN: HI (04) *****0} PGU: Til (07)*****21/4 v—* BANK LINE (A tarvkt
      400 words
    • 1176 35 HMNE= HYUNDAI MERCHANT MARINE CO., LTD. Ivissa VOT ISM I SOU IB! KIM AWT MAM BW IE IVESSa VOT SOU UN RIB ANT MAM NBV Fa I SM I HY AOMRAI 325W 23/03 10/04 IS/04 12/04 13/04 HOI OUT 01K 03/03 04/03 27/02 29/02 21/03 MOICORM 01JW 24/03 14/04 15/04
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    • 636 35 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERKA "CAR RORO HEAYYUFT SERVICE" |vissa VOT RAMP HEIGHT SW IK MAO MIA SAV lAI Off WYC j MEW MQ4 TAMPERE AHOO7 4001w 4JM 29/03 24/04 04/0S 07/05 09/05 11/05 12/05 14/05 It/05 19/05 TEXAS AHOOI 4001 MS 6.3 M 11/04 10/05 19/05 22/05
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  • Page 36 Advertisements
    • 836 36 mwnowiAy u wwt/UIM CHAIAMO «ga I YOT Ia I M 1 Mlf ,UM VBSa WW Ml «T fg JMuaiLi iw_jnm mi dubhim m\ ZS33IZ a/m mpw m_jm —mi =—m- rm $B—*s5 ML =#rrjg— MAIHU MUM 4SW 7S/03 71/03 71/03 fftMlifimr 843 JBMtjMit: n*--*®—Htf? Mi- IgjjttK n gjg Ijmo 010 1
      836 words
    • 314 36 INDONESIA NATIONAL LINE TO AUSTRALIA "1 WJLL CONTAINER SERVICE va m IS B M M I STS IMIM*I Ml In m—» m a/nn/« ji/u e/w m/w w/h--uswai "ST o/mm/n K—l— m n/WW/M M/W It/W Tl/H a [J/Mn/M 17/ M n/n »/*T a/«4 FEEDER SERVICE TO INDONESIA ra nun nun I
      314 words
    • 436 36 S WY "5T* PKL JB3 MLA LB4 RTM HUM ZEE BOT VHEDEANTARES L3BW 21/00 221*03 Ml 04AM OWH 11/0* 12AM 13AM 15AM VKXE DE VWQO S3BM 36/03 mm (BAM 11/04 17AM ISAM 2MM 2VD4 23W SAUDI HMN 04AM Q&Q4 13AM WO4 MM 2V04 27AM 28>04 3QQ4 SAUOIJUBAa. H3WW 12AM gl/P4
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    • 54 39 Ys?r> KYOWA LINE STL CONTAINER LINE For Services To ServKe to Vietnam Calcutta HgjMa-gjMg;. Agents: V-Grow Shipping Pte Ltd Mon/Wed/Fri Pg 7 See Page 7 Daity STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers WeeWy FOACL New Europe To EASTIMALAYSIA D L 'f 4 EAST/ PORTS ASIA service DETAILS Pg
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  • Page 41 Miscellaneous
    • 142 41 J w wBtP QH^^^9o^flGflnfl^flCflHfl^fl^. «MnKHaBHnHMnA W i fMiii 'IMuflL Q|^ vfISRISMA ocrV fInHI9HRR «C C*»» jr 4 IT V .S' /jßk-^jP® ~***"v LEGEND: Issued by Meteorological Service Singapore Thunderstorm Rain Temperature •Cp/' wind direction and speed in Knots a r> Weather w Cloudy Oay Sea Conditions Wind speed symbols <1
      142 words