The Business Times, 26 April 2000

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Microfilm: NL21791
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 TiieBusixessTimrs MITA (P) 035/12/1999 85C SINGAPORE I Internet: hitp://business-times.asial com.sg/ WEDNESDAY. APRIL 26, 2000
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  • Article
    Lock icon MARKET SUMMARY
    66 1 Dsn 2JMM (+17.18) bt-si 786J1 (+7.57) smsci nrnntEs 282J0 (+2.40) STOCK MARKET INDICES Tuesday Change klseoovp mn NIKKEI i&271» -WSt RANG SENG 16J80.01 SET INDEX 356.48 >1.48 JAKARTA COMP 519.04 -11J1 MANILA COUP _JJ47.il iO TAIPEI WP! 8JJ1U_+***** SEOUL COMP 797 JS -10M CUA CHINA B 86A18 -M7
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  • Article
    Lock icon FINANCE
    73 1 FOBEX KATES uss s$ USS 1.704 £(US$/S$per£) 1.582 1896 EUBO(USS/S$/E) 0338 1.697 DM 1066 0.817 YEN 1055 1.618 RM 1800 0.448 HKS 7.788 0110 BAHT 38.04 0.04® RUP1AH 7330 0.021* 'Sfto munta PUME1ATES SINGAPORE* 5.80 KUALA LUMFT'R 7.67 JAKARTA J9.00 BANGKOK SiO MANILA 11.00 HONGKONG 8.50 TAIPEI 7.84 SYDNEY
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  • Article
    Lock icon F&N in $463m friendly bid for Times Pub
    663 1  -  General offer part of Net thrust; bnt market unimpressed By Lee Han Shih FRASER Neave, Singapore's biggest food and beverage concern, yesterday made its biggest and most perplexing thrust into the Internet: it launched a friendly bid for Times Publishing. In a
    663 words
  • Article, Illustration
    Lock icon Bold thrust in the New Economy
    95 1 Urn Kim San (Top; and Mtehaal FMn COMBINED million) Turnover 3,075 j Net profit 74 Shareholders' funds 3,405 Market cap 2,054 HW TIMES PUB Turnover ($m) 2,581 494 Net profit ($m) 48 26 Shareholders' funds ($m) 2,872 533 Last traded price 5.45 3.50 F&NTs
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  • Article, Illustration
    Lock icon It's back to school for EDB chief Philip Yeo
    333 1  -  ■exclusive Five-day crash course in molecular biology at the NUS By Eugene Low (SINGAPORE] Philip Yeo is going back to school for five days anyway. In June, the Economic Development Board (EDB) chairman will be taking a course on molecular biology
    333 words
  • Article
    Lock icon URA to plug loophole in height control regulations
    497 1  -  Low-rise flats on small sites still can't be sold to foreigners By Marissa Chew [SINGAPORE] The Urban Redevelopment Authority will plug a loophole in its newly-revised height control regulations so that developers building low-rise flats on small sites will now not be
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      217 1 mgPE Top stories Time-SingTel deal: definitive agreement expected soon. Pg 13 to 40%, says Dr Cheong Choong Kong. Msxt Pago BT Comment SGX should come down harder on lack of disclosure. Pg4 Money Matters Subtle mood shift may topple US$. Pgza PROPERTY^OO*' Can an old economy stalwart make it in
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  • NEXT page
    • Article, Illustration
      Lock icon SIA still keen to raise stake in Air NZ to 40%
      687 2  -  It clinches deal to buy 16.7% stake from Brierley for minimnm of NZs2Bsm By{ Conrad Raj [SINGAPORE] Singapore Airlines, after unveiling yesterday a long-awaited deal to raise its stake in Air New Zealand to 25 per cent, is still
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    • Article, Illustration
      Lock icon Blending it all into a harmonious whole
      566 2  -  Getting Personal -br Corinne Kerk Whoi Tan Wang Cheow, managing director of Food Empire Holdings AtfK43 f9ah« to Fames Food Empire, recently floated on the main board of the Singapore Exchange, is the holding company for Future Enterprises, which Mr Tan started in
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    • ON THE grapevine
      • Article
        Lock icon From Walk of Fame to Time Square
        143 2 WHEN the Millenia Walk retail mall opened a few years ago, it boasted the Walk of Fame, a private street lined with upmarket boutiques which was supposed to be the Singapore version of Beverly Hills' famous Rodeo Drive. However, that concept did not
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      • Article
        Lock icon What else to press?
        159 2 HAS the telephone receptionist gone the way of the dodo already? A BT journalist couldn't help thinking so when almost all of a half-dozen companies she called one day turned up a taped response. In lieu of a person at the other end of the line,
        159 words
      • Article
        Lock icon The Pokemon magic
        114 2 WITH all the New Economy hype, it's nice to know that there are still good old-fashioned ways to make money. Almost with envy, even hi-tech parents have to be impressed with the inroads made by the Japanese with Pokemon. Britain's largest supermarket chain Tesco, for example, is
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    • Article
      Lock icon Contractor Tong Tien See placed under provisional liquidation
      457 2  -  Court also removes company's interim judicial managers J u By* Andrea Tan [SINGAPORE] The saga of Tong Tien See Construction took a twist yesterday with the High Court placing the company under provisional liquidation and removing the interim judicial managers. The Grade
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      231 2 i puSHING THE ARTFORM %lit J 3S| Wynton Marsalis, the most acclaimed jazz musician and composer of his generation, v I' 1 as well as distinguished classical performer. p®» Recipient of the Grand Prix du Disque mtm^% 'WH^—BMMBMMWBWB Edison Award-Netherlands, I 23 Honorary Doctorates, and 1997 Pulitzer Prize for Music:
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      Lock icon Page 2 Advertisements Column 2
      18 2 your cue! Your weekly guide to pubs and lounges every Friday in The Mew Paper Fastads fastads j
      18 words
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      241 3 viHwk t j& vf _.♦.j aS^l *rK 7 il^bZz^i&rfflMkTsraL^G^^^BH^^^^^^B^^^^tt^ r J *V^l Issued by Morgan Stanley &Co International Limited. regulated by the Secunties and Futures Authonty Limited Morgan Stanley Dean Witter is a service mark of Morgan Stanley Dean Witter &Co Your best decisions depend on being aware of all
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Ipco shares soar again, prompting SGX query
      593 4  -  Company unveils new Indon deal, says it is not aware of any reason for share rise By Ven Sreenivasan IPCO International whose stock price has jumped more than four-fold this year, gaining 19 per cent just yesterday alone said it was not aware
      Source: Reuters  -  593 words
    • Article, Illustration
      Lock icon FCC raises stake in Hotel Properties to 18.55%
      573 4  -  It buys 10m HPL shares at $1.51 apiece in open market, raising total to 84m shares By. Lee Han Shih FIRST Capital Corporation, the "stalker" of fellow listed company Hotel Properties Ltd, has struck again. Yesterday, FCC bought 10 million HPL shares
      FILE PHOTO  -  573 words
    • Article
      Lock icon Food Empire's IPO oversubscribed
      188 4 FOOD Empire Holdings yesterday said the retail tranche of its initial public offer was 4.2 times subscribed. In a statement, the homegrown food and beverage manufacturer said it received applications for a total of 72 million shares for the 17.2 million shares it offered to the
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    • Article
      Lock icon SGX should come down harder on lack of disclosure
      648 4  -  locksiew wong wei kong OING by the slew of statements by listed compasince the end of the season providing additional details on their financial results probably after getting a query from the stock exchange it is clear that Singapore investors are
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    • Article
      Lock icon SIA IPO units' PEs seen in mid-teens
      386 4 Reuters [SINGAPORE] Singapore Airlines Ltd (SLA) has priced the book-building ranges of its two units, Singapore Airport Terminal Services (Sats) and SIA Engineering Co (SLAEC), at between 13.5 and 17 times' their price-earnings multiples, market sources said yesterday. Sats, the larger of the
      Reuters  -  386 words
    • Article, Illustration
      Lock icon S'pore Network Services plans listing by year-end
      466 7  -  Beyond Tr&deNet, it has moved into trade logistics, legal work and healthcare By, Jane Cheong APPLICATION software provider Singapore Network Services (SNS) said yesterday it plans to go for a listing by the end of this year. The company which operates Trade Net,
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    • Article
      Lock icon SSB Citi Asset launches fund with guaranteed returns
      435 7  -  W Ven Sreenivasan SSB Citi Asset Management group yesterday launched a telecommunications and technology feeder fund which guarantees investors a return at the end of 30 months even in the event of a market meltdown. The US-dollar CitiFocus Tel Tech Protected Fund
      435 words
    • Article
      Lock icon Magnecomp to buy 37% share in US dotcom for US$4m
      239 7  -  Jane Cheong DISK-DRIVE component supplier Magnecomp International Ltd has entered into a share purchase agreement to acquire a 37 per cent stake in US-based ICX Electronics.com, a business-to-business (B2B) electronic component exchange company. The acquisition is expected to cost US$4
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      392 4 PRICB/VAfym(XJsE(CDPERS a The e-business revolution is sweeping the world, exploding across all industries and radically changing the way business is conducted. For many investment management companies, the overall effect of e-business will strengthen the industry, and for astute players who can and will exploit its opportunities, a whole new field
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  • TRADESPUR
    • DIARY of Events
      • Article
        Lock icon Proposed Fairs/ Missions
        115 5 MoMfaKfap Mission to South Africa •Master Franchise Sourcing Mission to US Direct Marketing Mission to Japan Brand Mission to Europe Company Attachment Mission to Japan Business Mission to Mexico •International Logistics Hub Promotions Mission to Thailand Indonesia Industrial Automation Mission to Thailand Food Mission to Indonesia Mission
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      • Article
        Lock icon New Seminars/ Courses
        166 5 ADB Procurement Seminar Data 4-3 May 3000 Business Risk Beyond 2000 Seminar Datai 15 May 2000 Commodity Futures Trading Test Data 13 May 2000 Workshop on Application Negotiation of Letters of Credit Dam 15-16 May 2000 International Business Programme Data 15-16 May 2000 Business Opportunities Conference on
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    • Article, Illustration
      Lock icon Trade Financing Goes Online
      370 5 Greater savings and auicker turnaround time for users Since its launch last month, die Trade Finance System (TFS) has received positive feedback from users and has also seen a steady increase in transactions. TFS allows traders to apply for trade financing instruments like letters of credit,
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    • Article, Illustration
      Lock icon Battle of the Best in Franchising
      184 5 It's back! The hunt will begin for franchising's outstanding players when the Franchise Excellence Awards (FEA) returns in May. Launched in 1997, FEA honours the best performing companies in the industry. The awards is a recognition of successful franchises who have contributed to the
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    • Article, Illustration
      Lock icon Portals To Success
      670 5 TDB pushes e-business activities in Singapore Local or foreign, large or small, business-to-business (B2B) or business-to-consumer (B2C), setting up an on-line portal in Singapore makes good sense for many enterprises. With the active encouragement of TDB, Singapore is capitalising on its skilled IT labour pool, well-developed infrastructure
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    • Article
      Lock icon Web-based Business Opportunities
      328 5 Searching for business partners or expanding your list of trade contacts? Then "International Business Opportunities", a new service available soon from TDB Business Library, may be just what you need. Q t What is "International Business Opportunities''? A I This is an on-line business matching service providing
      328 words
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      26 5 For more information, please call Information includes TDB Business Missions #4Z ZZ/J *TDBSeminars/Courses TDB's 24 hour hotline TDB Business Library Services or Visit our website: -www.stdb.com
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      486 6 Stocks Vokims Eastern Asia 15,770,000 Hotel Prop 10,660,000 AirOcean 5c 10,391,000 IPCOW02 9.647,000 Jurong Tech 10c 8,696,000 Vickers Capital 25c 7,894,000 MediaRing 10c 6,744,000 IPC020C 6,602,000 Fastech US10c 5,886,000 LafeTech US4c 4,872,000 Stocks S PacificCentury 37,831,400 SIA 29,286,700 Datacraft 10c 24,815,889 IPCOWQ2 18.748.700 IPC020C 17,965,940 DBSGrp 17,276,340 OCBC 16,967,275 U06
      486 words
    • Article, Illustration
      Lock icon STI rises, but market volume continues to shrink
      560 6  -  I :i I comment STOCKS r.sivanithy FOR months, the local stock market has depended on stockists and day traders to provide it with liquidity and excitement and, to their credit, these parties have responded admirably. But with Nasdaq cracking the way it
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    • Article, Illustration
      Lock icon Venture may find some support at $17
      221 6  -  HOT STOCK By' Wong Wei Kong SHARES of electronics contract manufacturer Venture Manufacturing fell again yesterday, with the stock finishing as the session's biggest loser. Venture shares closed down 70 cents or 3.9 per cent at the day low of $17.30, after opening
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    • Article
      Lock icon Market Notices
      154 6 UIC will be holding its i AGM on May 19 at 3.00 pm, at 80 Raffles Place, 61st Storey, UOB Plaza 1. KEPPEL Hitachi Zosen will be holding its AGM on May 23 at 11.00 am, at The Board Room, 15 Benoi Rd. QAF Ltd will be holding
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    • Article, Illustration
      Lock icon Armstrong's shares look more attractive than its wrts
      185 6  -  WARRANT WATCH By\ R Sivanithy WHEN a counter has been bashed as much as Armstrong Industrial Corp's shares from a 52-week high of 65 cents to 21 cents now then its warrants would automatically become attractive. If the warrant expires in 2004,
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      595 6 Is Shangri-La hotel LIMITED II (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Ninth Annual General Meeting of Shangri-La Hotel Limited will be held in the Lotus Room, Tower Wing, Shangri-La Hotel, 22 Orange Grove Road, Singapore *****0 on Saturday, 20 May 2000 at
      595 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      73 6 Looking for a forum to talk stocks? Chatline is the place to be Find us at http //iol dbs.com sg/ 83 DBS BANK Larry Wee's currencies column appears on Page 28 BUY<* >M SELL# fX Classified ads can get you m equipment for a song. matter what it is, you
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      19 7 Get your answers at the CRM Asia 2000 Date of Event: 29 31 May Call: 438 4258 Visit: www.crmasia.com.sg
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      72 7 come now fc 4^ !m between February rewards to your a chance to fly only, faster on over your like to mos^^ 91KH Bfln SvAjm|ol the Dr. Mr. Mrs. Ms. I I Name: Tide: Address: Telephone: (H) Address: Please Cathay Collyer Quay, Ocean 534 Fly Cathay The #m la Cathay
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  • SINGAPORE news
    • Article
      Lock icon ST Telemedia plans $500m data centre network in Asia
      446 8  -  It will offer Net and e-commerce services for businesses in 22 cities By, Joyce Koh SINGAPORE Technologies Telemedia (STT) Pte Ltd said yesterday that it plans to invest Sssoo million to set up data centres with Internet and e-commerce services for
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    • Article
      Lock icon More S'pore firms plan to get into e-commerce
      295 8 SOME 43 per cent of companies in Singapore plan to move into electronic commerce within a year, adding to the 15 per cent which have already adopted it, a survey showed. The survey was done by the Singapore Information Technology Federation (SITF),
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    • Article, Illustration
      Lock icon 500,000 DBS customers face bank charges
      511 8  -  Byl Siow Li Sen SOME half a million DBS Bank account holders will face bank charges for the first time as the bank acts to consolidate the millions of accounts on its hands after it took over POSBank. The bank's move has drawn fire
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    • Article
      Lock icon S'pore banks boost M'sia, Korea loans
      238 8 Banks' exposure Reuters SINGAPORE banks increased their exposure to Malaysia and South Korea through loans and investment in the first quarter of this year, while whittling down the value of their non-performing loans (NPLs) to Asia, central bank data showed yesterday. In dollar terms,
      Reuters  -  238 words
    • Article
      Lock icon Grange Road site up for enbloc sale
      183 8 Freehold parcel expected to fetch $75-sBom A PRIME District 9 site off Grange Road has been put up for collective sale by tender, and market sources estimate its price at $75 to $80 million. The freehold site enclosed by Nathan Road and Bishopgate,
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    • Article, Illustration
      Lock icon Margin share financing cap may extend to banks
      556 9  -  Over-generous loans may increase market volatility: B6 Lee Reports by] Eugene Low THE Monetary Authority of Singapore (MAS) is reviewing whether to extend the limits on margin share financing across the whole spectrum of margin providers including banks, Deputy Prime Minister Lee
      FILE PHOTO  -  556 words
    • Article
      Lock icon 2 deputy chairmen, wider role for NSTB
      425 9 PARLIAMENT yesterday passed a Bill extending the role of the National Science and Technology Board (NSTB), enabling it to perform an expanded role in the development and commercialisation of science and technology. A Bill to amend the MultiLevel Marketing and Pyramid Selling Act,
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    • INBrief
      • Article
        Lock icon No lifting of S$ home loan curbs: BG Lee
        70 9 THE restriction on Singapore dollar loans to foreigners to buy residential property will not be lifted, Deputy Prime Minister Lee Hsien Loong said in Parliament yesterday. Replying to Nominated MP Tay Beng Chuan, BG Lee said the restriction does not in
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    • Article
      Lock icon URA: Land sale decision based on many factors
      224 9  -  Ang Hwee Suan (Ms) Head, Public Relations For Chief Executive Officer and Chief Planner Urban Redevelopment Authority I REFER to the letter by Eugene Szeto titled "Govt should release more sites for sale" (BT, April 25). The primary objective of the government
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    • Article
      Lock icon Is furniture retailing in industrial property okay?
      242 9  -  Ng TY Singapore via Internet IT has been recognised that during an economic downturn, one of the hardest-hit sectors of the economy is retailing. This sector takes a long time to recover and would only be able to reap the rewards when the
      242 words
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      134 8 p*' F 1 F^* "Goodnight Dad." flM^'. It's not the same as tucking them in bed yourself, but it's pretty PLUG IN your laptop to fIVHHHHHIIII^H close. Stay at a hotel with inter-touch'and you're connected to the inter-touch connector in your hotel room H y jj^^H MBps. You can say
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      135 9 STRATEGIC BUSINESS Seminar/ 8 May 2000 W7 j l Hotel Inter-Continental, Singapore CEO/MD/GM Master the Art of Negotiation from one of Asia's best strategic negotiation consultants who have successfully trained many high level corporate executives. Singapore.CalendarONE.com or Email: info@escasia.com THE WORLD'S LEADING Tlrr OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS i'•
      135 words
    • Advertisement
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      125 9 The Preferred Choice Located within the prime residential district of Mount Elizabeth, yet within easy access to the shopping and entertainment haven of Orchard Road, makes The Elizabeth a preferred choice amongst many discerning travellers. Now, there are more reasons for us being the preferred choice. Accommodation at an unbeatable
      125 words
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      812 9 You can e-mail us at btletter@sph.com.sg or fax us at *****71, or mail your letter to: The Business Times, Times House, 390Kim Seng Road, Singapore*****s. Please give your full name, address and telephone number. B.Sc Banking Finance UNIVERSITY OF LONDON This is a 3 year direct honours degree Relevant polytechnic
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      84 10 That great plan for a business you've been saving? Ifs time to let it out into the world. Because now everyone can play in the emerging e-semces economy. Your rainy day idea can team up with someone else's rainy day idea, or everyone else's rainy day idea. And hp servers,
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  • eNews
    • Article, Illustration
      Lock icon Wiring up pupils and teachers
      959 11  -  exclusive Postkid.com aims to create a global education platform to link all schools and let students team up for joint projects By Andrew Wee [SINGAPORE] POSTKID.COM, a homegrown online education solutions provider, aims to sign on half of the Singapore households with kids by this
      ARTHUR LEE  -  959 words
    • Article, Illustration
      Lock icon S'pore's top angel still waving his wand
      586 11  -  "Nasdaq tumble lowers entry costs and curbs bad ideas Reports by, Jennifer Lien [SINGAPORE] Koh Boon Hwee's listed angel investments may have fallen by some 30 per cent, in line with Nasdaq's decline in the past two months, but Singapore's most famous angel
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    • eBriefs
      • Article
        Lock icon Japan plan to bring Net into cars
        56 11 AFX-Asia [TOKYO] The government and private companies will jointly develop an e-commerce system that links car navigation systems to the Internet, the Nihon Keizai Shimbun reported. The network, which is going to be part of an intelligent transport system, is also expected to
        AFX-Asia  -  56 words
      • Article
        Lock icon Hikari relooks e-mail services ploy
        84 11 AFX-Asia [TOKYO] Hikari Tsushin said it is reviewing its Himail e-mail services strategy due to the poor performance in its traditional cellular phone business. "We have so far financed the start-up cost for our service with profits earned from the cellular phone business, but this
        AFX-Asia  -  84 words
      • Article
        Lock icon Buy.com loss widens in Q1
        106 11 Reuters [PALO ALTO, California] Online superstore Buy.com Inc on Monday reported a sharp increase in first-quarter losses, but also said it had achieved a substantial increase in its gross margins, which should put it on a path to profitability. The retailer, known for its ultra-low
        Reuters  -  106 words
      • Article
        Lock icon Big boys in venture to oat e-baying costs
        68 11 Reuters INbw yukkj Andersen Consulting, Sun Microsystems Inc and iPlanet E-commerce Solutions have signed a deal to form a joint venture that will provide electronic purchasing services for businesses. The venture, which has not yet been named, is scheduled to be fully
        Reuters  -  68 words
      • Article
        Lock icon UK's top ISP keen on BBC website
        84 11 Reuters ILiUNLHJiNj Britain s numDer one internet service provider Freeserve Pic is in talks with the BBC about gaining access to the wide range of information on the corporation's main website, BBC Online, the Times reported yesterday. The move was part of a
        Reuters  -  84 words
    • Article
      Lock icon Omni's e-enabling move to save $100m
      357 11 Group-wide exercise will also help it achieve $lb sales target this year [SINGAPORE] Omni Industries will invest $10 million to e-enable all its systems and operations worldwide, a move which could result in cost savings of some $100 million over the next five years.
      357 words
    • Article
      Lock icon GE set to offer e-banking in tie-up with CompuBank
      325 11 NEW YORK NYT GENERAL Electric, which has been aggressively expanding the list of products and services it sells on the World Wide Web, was scheduled to announce yesterday that it would offer online banking at its consumer-ori-ented financial Web site. It
      NYT  -  325 words
    • Article
      Lock icon UK ad agencies worry dotcoms may cut spending on brands
      462 11 LONDON Reuters ADVERTISING agencies banking on another bumper year from high-spending dotcom companies are starting to worry that the market shake-out among high tech stocks might take the gloss off expectations. Strong economic growth in Britain in 1999 provided advertising
      Reuters  -  462 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon US poliey towards Cuba must change
      779 12  -  FTT^ bottom line OPINION thomas friedman NYT FRANKLY, I liked both pictures. Yup, I gotta confess, that now-famous picture of aUS marshal in Miami pointing an automatic weapon towards Donato Dalrymple and ordering him in the name of the US government to turn over
      NYT  -  779 words
    • Article
      Lock icon IN OTHER WORDS
      120 12 'I have had many sleepless nights and many new grey hairs, but I am not afraid of the generals. It is their turn to be afraid and to be made accountable.' Mmi ftntf wife of jailed Pakistani ex-premier Nawaz Sharif, in a recent public speech criticising the
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    • Article
      Lock icon The competitiveness riddle
      595 12 EDITORIAL IN a suitably provocative 1994 Foreign Affairs piece, the iconoclastic economist Paul Krugman argued that the notion of competitiveness among countries is not only meaningless but downright dangerous. Other academic theorists notably those involved with churning out country competitiveness reports year after year —joined in the
      595 words
    • Article, Illustration
      Lock icon India's brain drain starts to bite
      1083 12  -  To continue its fast growth, the conntry must increase the supply of high-quality IT workers By] David Gardner FT THE Taj West End a Raj-era hotel wrapped in a profusion of jacaranda, bougainvillea and golden trumpet blossom is justly renowned as a haven from
      FT; AFP  -  1,083 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      933 12 Remembering If am AS the nation reflects this week on the meaning of the Vietnam War 25 years after the fall of Saigon, a few fateful words of Lyndon Johnson's tumble across the decades to remind us that a senseless conflict might have been avoided. On
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  • REGIONAL news
    • Article
      Lock icon Sign of SingTel-Time deal nearing conclusion
      510 13  -  Time Engineering proposes to float Time dot Com at RBKL3O apiece Frorn] Eddie Toh in Kuala Lumpur TIME Engineering last night proposed to float its subsidiary Time dotCom at RM3.30 (551.48) apiece, a clear sign that it is close to wrapping up the deal
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    • Article, Illustration
      Lock icon HK land auction raises a low HK$2b
      532 13 Bloomberg THE Hongkong government has raised HK$2.O3 billion (*****.2 million) from an auction of two building sites, about 30 per cent less than expected, as the failure of apartment prices to rise off 1998 lows kept most developers on hold. Cheung Kong (Holdings)
      Bloomberg; FILE PHOTO  -  532 words
    • MARKET moves
      • Article
        Lock icon Power stocks rise on Tenaga earnings
        97 13 MALAYSIAN stocks rose, led by power companies after Tenaga Nasional said first-half profit more than doubled, beating analysts' estimates. "Power consumption s set to increase further because of an economic rebound," said Lee Mei Lin, an analyst at HLG Securities. Tenaga's profit more than
        97 words
      • Article
        Lock icon Listless Tenaga
        97 13 TENAGA Nasional ended unchanged yesterday at RM12.80, after rising as high as RM13.10, despite reporting a higher-than-expected interim earnings of RM97O million on Monday. At its annualised earnings per share of 62.6 sen, the counter is trading at a price-earn-ings ratio of about 20 times, a slight discount
        97 words
      • Article
        Lock icon Second time lucky?
        54 13  -  Compiled by Eddie Toh INVESTORS are not too excited about Bolton despite its major shareholder Lim Yan Hai reviving talks to buy a 30.3-per cent stake in Magnum Corp from Multi-Purpose Holdings. Bolton shed 11 sen to RM2.43, while Magnum eased 4 sen to RM2.72. MPHB fell
        54 words
    • Article
      Lock icon MBf Card to sell card receivables to eBanker USA.com
      259 13 KUALA LUMPUR Exercise part of move to streamline operations by MBf Bernama MBF Holdings Bhd said yesterday that MBf Card International Ltd (MCI) has entered into an agreement with eßanker USA.com Inc to sell to the latter its credit card receivables
      Bernama  -  259 words
    • Article, Illustration
      Lock icon Gus Dur walks a tightrope
      869 13  -  l I comment REGION Sacking of two economic ministers could backfire and pnt his govt at risk yang razali kassim IF any confirmation was needed, this was it: The semi-blind leader of the world's fourth largest country walks with a big axe behind him. President
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    • Article
      Lock icon Mortgage backed debts get China nod
      430 15 BEIJING Reform expected to improve bank asset quality, boost housing market FT CHINA'S central bank has for the first time approved the issue of mortgage-backed securities, an important financial reform that is expected to improve bank asset quality and boost the domestic housing market.
      FT  -  430 words
    • Article
      Lock icon Taiwan Semicon earnings more than double in Q1
      241 15 HSINCHU, Taiwan Bloomberg TAIWAN Semiconductor Manufacturing Co, one of the world's largest chipmakers, reported a better-than-expected 146.7 per cent increase in first-quarter profit as more customers switched to advanced chips. The company said net income surged to NT$lO.O9 billion (Sss6l million), or
      Bloomberg  -  241 words
    • Article
      Lock icon Intel Capital buys 49% stake in Indian firm
      230 15 BOMBAY USs49m investment yields foothold in India's Net market Bloomberg, Reuters INTEL Capital, an arm of Intel Corp, has bought 49 per cent of Grant Investrade, a unit of Hinduja Finance Group, to tap into India's expanding Internet market. It paid US$49
      Bloomberg,; Reuters  -  230 words
    • Article, Illustration
      Lock icon HSI Services launching two tech indices today
      241 15 AFX Asia [HONGKONG] HSI Services Ltd said it will launch two IT indices today to meet the increasing demand for a benchmark to gauge the performance of the information technology and telecommunications sector of the local stock market. The two new indices will
      AFX Asia  -  241 words
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      79 13 This announcement appears as a matter of record only The Company and the Financial Adviser are pleased to announce the completion of US$ 20,850,000 Debt Restructuring Term Loan Facility to UFA 188 PT TRfIKTOR HUSANTRRR As Financial Adviser Sakura Merchant Bank (Singapore) Limited Lending Banks ING Bank N.V., Singapore Branch
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      277 14 J I A L V v A, t jr "a, ■>; \I > ,V" ij ■j. X?, %'j x) i 4 ft ;i I V »R -j v <a Wk w--s==A h tT II -r M i I A 4 a# I,- -m- J \i- V k -jv jr. \X-
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      234 15 I A world where purchasing power has few limits. A world where a Personal Concierge waits at your heck and call. Your complimentary Visa Platinum Concierge is on-call 24 hours to organise a lastminute gift, recommend a restaurant in Hong Kong, arrange opera tickets in Milan, or suggest a reliable
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  • WORLD news
    • Article
      Lock icon Microsoft's rout costs mutual funds US$10b
      610 16 BOSTON Monday's share fall was Microsoft's biggest one-day loss in 13 years Bloomberg US mutual fund investors lost US$lO.3 billion (5517.5 billion) as Microsoft Corp shares sank on Monday. One third of US stock funds own a stake in the world's biggest software company,
      Bloomberg  -  610 words
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      Lock icon Volvo to buy Renault's truck division
      560 16 US$L6b acquisition will give Renault a 15% stake in the Swedish group Bloomberg [STOCKHOLM] Volvo AB has agreed to buy Renault SA's truck division for about US$l.5 billion (552.5 billion) in stock to become the world's 9econd-largest truckmaker. The Swedish company will give Renault
      Bloomberg; AFP  -  560 words
    • Article
      Lock icon Microsoft's new-technology GM Daniel Rosen resigns
      333 16 REDMOND, Washington Bloomberg MICROSOFT Corp's general manager of new technology, Daniel Rosen, said yesterday that he had resigned after six years at the world's largest software maker and is in talks to join venture capital firm Frazier Co. Mr Rosen, 50, said he "most
      Bloomberg  -  333 words
    • Article
      Lock icon Int'l Paper makes US$8.5b bid for rival
      287 16 PURCHASE, New York Bloomberg INTERNATIONAL Paper Co, the world's biggest paper maker, made an unsolicited US$B.5 billion (5514.5 billion) offer for Champion International Corp, topping a bid from Finnish rival UPMKymmene Oyj. International Paper said it would pay US$64, or US$43 in cash
      Bloomberg  -  287 words
    • WORLDWatch
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        Lock icon Ansett chief is BA's new CEO
        103 16 Reuters [LONDON] British Airways said yesterday that it had appointed Australian airline executive Rod Eddington as its new chief executive, handing him the controls at a difficult time for Europe's biggest carrier. Mr Eddington, who made his name as boss of Cathay Pacific Airways
        Reuters  -  103 words
      • Article
        Lock icon US consumer confidence dips
        58 16 Reuters {NEW YORKI US consumer confidence slipped in April, but optimism about the future brightened pointing to more strong growth ahead, the Conference Board said yesterday. The index dipped to 136.9, down from a revised 137.1 in March. The outlook for conditions six months from now
        Reuters  -  58 words
      • Article
        Lock icon Merck Q1 net up 15% to US$1.5b
        64 16 Bloomberg {WHITEHOUSE STATION, New Jersey] Merck A Co, the world's No 1 drugmaker, said Q1 profit rose IS per cent as it sold more of its painkiller Vioxx, cholesterol reducer Zocor and other medicines. Net income rose to US$l.5 billion (512.5 billion), or
        Bloomberg  -  64 words
      • Article
        Lock icon Dasa, Northrop study defence tie-up
        49 16 Reuters [MUNICH] Germany's DaimlerChrysler Aerospace (Dasa) and Northrop Grumman, the fifth biggest US defence contractor, yesterday sakl they had signed a memorandum of understanding and were examining a trans atlantic defence technology alliance. Dasa said an initial decision could be made by June. —Reuters
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    • Article
      Lock icon Japan backtracks on threat against Goldman
      285 16 ■TOKYO FT JAPAN'S Ministry of Finance on Monday backtracked from a threat to bar Goldman Sachs, the US investment bank, from advising it on future privatisations, such as the next sale of shares in NTT, Japan's dominant telecoms group. Nobuaki Usui, vice-fi-nance minister, said
      FT  -  285 words
    • Article
      Lock icon Nasdaq plunge erases US$3b from Soros fund
      416 19 NEW YORK 20% drop in assets chalked up in first 2 weeks of this month Bloomberg GEORGE Soros's hedge fund group, the world's largest, was pummelled by a slide in high-technology stocks, with its flagship Quantum Fund losing a fifth of its value
      Bloomberg  -  416 words
    • Article
      Lock icon Korea to pump billions into two ailing trust firms
      549 19 SEOUL Bailout is latest move to prop np financial system Bloomberg THE Korean government said it will inject billions of dollars in public funds into two of the nation's three biggest trust companies next month, in its latest attempt to prop
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    • Article, Illustration
      Lock icon BOJ chief hints at interest rate hike
      493 19 Rate increase likely late this year or early 2001; Mori, Miyazawa predict economic recovery Reuters [TOKYO] Japan's central bank chief yesterday prepared the country for an end to 14 months of easy monetary policy and interest rates near zero, hinting that rates could
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      1286 16 M -k| FRASER AND NEAVE, LIMITED (Incorporated in the Republic of Singapore) VOLUNTARY CONDITIONAL CASH OFFER by ABIUD PTE LTD (a wholly-owned subsidiary of Fraser and Neave, Limited) for TIMES PUBLISHING LIMITED (Incorporated in the Republic of Singapore) Introduction Soci£t£ G£n6rale Asia (Singapore) Ltd ("SG") wishes to announce, for and
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      172 17 M 2* 4«lt-. m, v ?'":3 -jfcffe&Ufig C j'l- .fi|iyMU| iNi* l\> V Li/. r <* .3 1(3 VC O #L 1/ wfe h O u. |)K M V f C L» R c^6 r^^Hl «glr- I "J > -^fe^f.','- ,-> j K p| I RT ;t _tw® ..wpiyw"-*" .^^H^^^MBBHaM«flsL^aw^g^^pji
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      3713 18 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I NOTICE IS HEREBY GIVEN that I, FONG KEENG MUN of Blk 759 Yishun Street 72 #12-302 Singapore *****9, have applied for a 2nd Class Public House Licence in respect of M/s Prime Food Manufacturing Pte Ltd. located at
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      134 19 .V 1 v -iV* 1 <*-'i' '-rCjaS'ilk-'-. •ifA i'.-"' -v-'» 'V" i 'i- y 'Z- .>■■-?s■ <r- UOB INVEST CREDIT ,«*s* B Introducing UOB Invest Credit, the first loan facility that offers 100% share financing for online trading. Apply now, if you are above 21 years II I I IVCtyrildl
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  • FINANCE & commodities
    • Article
      Lock icon Spot month rises, trading at premium to cash
      255 20  -  SGX Derivatives Tv&dln&Reports MSCI Singapore Index Daphne Tay Jardine Fleming THE Singapore stockmarket closed higher yesterday, lifted by buying in select blue chips. Turnover was, however, modest as caution continued to reign amid the ongoing volatility in key US markets. Singapore Airlines
      255 words
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      Lock icon Futures for April delivery rise nearly 3%
      290 20  -  MSCI Taiwan tatores Chan Yet San Refco Singapore THE Taiwan stock market closed higher despite Nasdaq's drop overnight as bargain hunters stepped in to pick up fundamentally sound blue chips. The Taiwan Stock Exchange Weighted Price Index gained 113.03 points or 1.3 per
      290 words
    • Article
      Lock icon Oil dips in cautious trade
      223 20 ENERGY REPORT AFP [LONDON] Oil prices slipped slightly in cautious post-holi-day trading early yesterday when there was a lack of news to drive the market up. In London, the price of Brent for June delivery fell by nine US cents to U5526.04 a barrel. In
      AFP  -  223 words
    • Article
      Lock icon EMERGENCY REPORT
      329 20 Reuters THE euro fell across the board, hitting record lows against the US dollar and sterling early yesterday as a bearish outlook for the single currency overshadowed concerns about further volatility in US stocks. The US dollar, on the other hand, was enjoying support from a slightly firmer
      Reuters  -  329 words
    • Article, Illustration
      Lock icon Untitled
      1231 20 HTERBAME CROSS RATES Apr* AS C$ Hilt Euro ffr Dm Hdh teptali Yen Wow EM H2S Pafc tts Peso S$ land Sir MT$ 8afct Hml MS$ Australia 0.880 4.943 0.635 4.166 1242 4.638 25.996 47.219 0.627 6.598 2.263 1.*****.872 24.622 1.015 4.012 0.998 ********** 0.376 1595 Canada 1.137 5.620 0.722
      1,231 words
    • Article
      Lock icon Untitled
      1827 20 SICOM FUTURES Apr 25 RUBBER (Moras closing as at 130pm) RSS 1 CONTRACTS cwts/kg) ClM» VttaM Om Month High law S*tt (to—») latarat May 00 177.75 JW 00 120.50 300 300 Jul 00 122.50 100 300 Aug 00 124.50 100 300 RSS 3 CONTRACT (US e«rti/kg) VtfNM OpM Month Klqti
      1,827 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon HK rises slightly, shrugging off Nasdaq fall
      2860 21 HONGKONG AFP Pi Hang Seng +12iS7 HONGKONG shares rose 0.1 per cent in quiet post-holiday trade yesterday, shrugging off an overnight fall in the technology-heavy Nasdaq Index, dealers said. "Trading is quiet and very slow," said Howard Gorges, vice-president at South China Brokerage.
      AFP  -  2,860 words
    • Article
      Lock icon Wall St fears trigger profit-taking
      2012 21 TOKYO AFP □Nikka2& -207.82 SHARE prices in Tokyo lost 1.1 per cent yesterday as uncertainty about Wall Street triggered late profit-taking, brokers said. The Tokyo Stock Exchange's key Nikkei 225 Index fell 207.82 points to end at 18,272.33, but the Topix of all first-section issues
      AFP  -  2,012 words
    • Article, Illustration
      Lock icon CHINA
      984 21 Reuters PShenzhenßlndex -OiT7 CHINA'S hard currency B shares closed lower in thin trade yesterday as investors sold to avoid holding positions over a week-long holiday, brokers said. The Shanghai and Shenzhen stock exchanges will be closed next week for the International Labour Day holiday. Shenzhen's B Share Index fell
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  984 words
    • Article
      Lock icon TAIPEI
      365 21 AFP WX&&S gjwp Index +113.03 TAIWAN share prices closed 1.3 per cent higher yesterday on buying of semiconductorrelated issues despite the tech-heavy Nasdaq's overnight falls, dealers said. The stock market plunged as much as 1.5 per cent in early trade following Nasdaq's losses, but bargain hunting in bellwether semiconductor
      AFP  -  365 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon KLCI rises on late bargain hunting
      378 22 AFX-Asia Index +&04 SHARE prices closed higher after late bargain-hunting erased earlier losses from extended forced selling, dealers said. The KLSE Composite Index closed up 5.04 points or 0.57 per cent at 892.92, off a low 0f871.74. The Second Board Index gained 5.32 points
      AFX-Asia  -  378 words
    • Article
      Lock icon Untitled
      8194 22 WOWTWAit CHMW prsdKts 2000 Last Val Day Nat Cap Htgk Law Cwnn 81a "000 HUB Uw t/t tm» 420 310 Ajlnomoto 368 233 149.2 158 91 Angkasa unch 34 96 M J41.6 670 290 Apollo Food Hlg 480 2 18 480 476 1t4 192.0 3025 2700 BAT50C 3025 100 1955
      8,194 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      3031 23 BOHDS& WARBAMTB Apr 25 rn trati fnmt 14m IHM Lai v« Bay lmMmM a»i um Cm* law Mm Mia M# In Mm —f--| rw*» W u» tayar Mhr Mm UMaNaltata Mm «W taartagl UN So" 17 3164 it 1 *00 It IT tT.S It It" 41.0 1 300 190 7.0*
      3,031 words
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      Lock icon BANGKOK
      780 23 AFP QSETlndei +L4B THAI shares closed slightly higher in thin, range-bound trade yesterday led by selective buying in chemicals and energy issues on hopes of improved first-quarter results, dealers said. The Stock Exchange of Thailand (SET) Index was up 1.48 points or 0.4 per cent to end at 396.48,
      AFP  -  780 words
    • Article
      Lock icon SEOUL
      305 23 AFP C 1 Composite Index -1(138 THE Composite Index yesterday closed down 10.38 points or 1.4 per cent at 737.20. Volume was 167 million shares, worth 1.7 trillion won. AFP »ra *h Arum Semi ***** -50 Brain Tech 1270 10 Central Bank 2150 -30 Chefl Comm *****0 1500 Da*
      AFP  -  305 words
    • Article
      Lock icon MANILA
      280 23 AFP P Composite Index -1&9 THE Philippine Stock Exchange Composite Index yesterday fell 16.9 points or one per cent to close at 1,647.56 points. Volume turnover rose to 2.33 billion shares worth 944.6 million pesos from 886.9 million shares worth 480.20 million pesos. —AFP MrZS Nu (000) MRC ARM
      AFP  -  280 words
    • Article, Illustration
      Lock icon JAKARTA
      674 23 AFP Composite Index -ILBI JAKARTA share prices closed 2.2 per cent weaker yesterday amid broad-based selling fuelled by confusion over President Abdurrahman Wahid's sacking of two key economic ministers, dealers said. The Jakarta Stock Exchange Composite Index closed 11.81 points lower at 519.04. Raden Pardede, an economist at the
      AFP  -  674 words
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      89 23 LTy»» m i r i m trading room furniture I jjjj I and broking workstations Marketing Pte Ltd i Bk, The Sydney and Wellington markets wore closed yesterday /w^BIGBUBS I Clean out that insectL A p. infested store room of j yours by turning your A A "junk" into cash
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      115 24 Introducing the Art of the Introduction. Welcome to bowtieAsia.com, a dynamic and experienced team dedicated to linking e-angels promising Internet and Infocomm Start-up Starting from today, bowtieAsia.com will be a reliable and established for you to our young and visionary Member come to bowtieAsia.com adds up years technology, updates on
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  • Article
    Lock icon STOCKS sgx
    8930 25 SGX MAXNBOARD Transaction date: Apr 25 Ct Or M Wt 52-Wk Last Vol Day Last Ouota Wv Ot» VM Nat Cap High Low StNa Company Sato COOO) High Loo Buyer Seller C'yr Pit Smll Price MULTI-INDUSTRY 182 93.5 m c 1000 Acma SOc 127 cd *5 133 127
    8,930 words
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      67 25 ;IWi... —mmmmm I^^HBSHHHBHSHBIIIIIIfIHMHIHHMHHHHBIMHHRIIII^^B laitM ab M WSMIII mmm J fci S ftlWilliM a ilMf" For further information, call Somerset Residences on (65) 272 7272. I 8 Shenton Way, #13-01 Temasek Tower, Singapore *****1 Website: www.somerset.com RESIDENCES Arc k i AND Bangkok Beijinc; (iiiANc./iior Hanoi •Ho Chi Minh I.'iiy Jakarta •Kiai
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  • ADB report
    • Article, Illustration
      Lock icon ADB uneasy on Asia
      905 26  -  Region's growth is world's fastest again but masks underlying problems, says report From, Anthony Rowley in Jokyo ASIA has returned to being the world's fastestgrowing region despite the collapse in output suffered after the 1997 financial crisis. But the relatively rapid economic recovery, prompted mainly by
      905 words
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      528 27 Where to wine, dine and aas I available for: I private parties I company dinner and dance I conference I seminar and meeting. m HOTEL GRAND CENTRAL LJMfTED I 22 Orchard Road/Cavenagh Road. I Singapore *****7 I Tat 737 9944 Fax:733 3175 I Shark's Fin Lobster Set Lunch Promotion Pv
      528 words
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      Lock icon Page 27 Advertisements Column 2
      162 27 SECRETARIES' i WEEK 24-28 April 2000 fashion show featuring I top male and female Australian models J l Mandarin Ballroom 6th floor, South Tower 12 pm 2.00 pm (daily) $46 nett per person $36 nett per person (Mandarin Diners Card holders) Reservations: 831-6288 j s ilnmj 33) Orchard Road. Singapore
      162 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      989 27 '■wousiness limes, Wednesday, Aprilzt>, zuuu I ill I 111 fn,,., ,i Bportaoity fc M*r u«nw Click 5J5 That's My Line. 5.00 PM Magazine: Trans 9.00 Kids Central: The Big 530 Tube Top. 0.00 See Thu's Schedules. World Sports (2nd tx). Comfy Couch. 0.00 Wheel of Fortune. 630 Football: It's a
      989 words
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 2
      269 27 CR7PTIC CROSSWORD ACROSS ing in and out (9) 1 Boom nears once changes are 7 has 00,0 wntten 9 up and down (6) Snorting dog-alkXJt trier always 10 Sounds appropriate in the fool (9) g> tooether aoain to reminisce 11 Top gear-but not in Eire (6) 14 ,o 9 0tner
      269 words
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  • MONEY matters
    • Article, Illustration
      Lock icon Subtle mood shift may topple US$
      1064 28  -  l-l i comment CURRENCIES Analysts and traders seem to be figuring out when, rather than if, the greenback will fall larry wee THE past week has been mixed for US stocks, with the Dow staging a meaningful recovery while Nasdaq took some more nasty
      Source: HypoVereinsbank  -  1,064 words
    • Article
      Lock icon Indon rupiah likely to recover
      683 28 Macro perspective quite encouraging for return to 7,600 LAST week's six-month low on the Indonesian rupiah threatens to see the currency pressured further to 8,200 per US dollar, if stop-losses just above 8,000 are triggered. That said, we hold that those who can ride out
      683 words
    • Article
      Lock icon US woes won't derail Asia recovery
      436 28 THE risk to Asia's recovery has been an inflation spike in the US. It came last week, with core inflation up 0.4 per cent, twice the pace the market had expected. The bad inflation news was coupled with strong retail sales and consumer confidence
      436 words
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      166 28 w/Sjfm E 1 E^l L r'J*k v a! 1 !^M WATCH OUT, WORLD. Now Singapore businesses can use Global One, voted the best global telecommunications carrier. Global One salutes deregulation in Singapore. As one of Asia's original "Four Tigers," Singapore has long been a formidable econom c power. And now,
      166 words
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  • SHIPPING TIMES
    • Article
      Lock icon MPA puts out its roadmap for port safety and efficiency
      407 29  -  It solicits views of shipping community to develop masterpl&n By Donald Urquhart [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) yesterday put out its road map for port developments to the shipping community. In a briefing it outlined, for
      407 words
    • Article
      Lock icon Jakarta seeks detention of tanker over oil spill
      278 29 It wants King Fisher to compensate for coastal pollution AFP {JAKARTA] Indonesian officials are seeking the detention and investigation of a Maltese-registered tanker which hit a reef and leaked some 4,000 barrels of oil into the sea off the southern coast of
      AFP  -  278 words
    • Article, Illustration
      Lock icon The world in a container
      194 29 [OAKLAND] US schoolchildren enter a real-life 20-foot container named Boomerang Box Junior, as part of an on-line programme to educate children on international trade, geography and world cultures. Sponsored and devised by global container transportation and logistics provider APL, it is a replica of the
      194 words
    • Article
      Lock icon MARITIME STOCKS
      295 29 SOX *000 Org W CWT attribution 0.90 0.02 27 CDUMHHP 0.37 -0.01 370 Cmco Investment 0.19 0.02 107 Freight Links 0.25 0.01 97 GSHoMbiqs 0.63 uncti 0 Hti Sun Hup 0.60 -0.01 202 IMC 540 unch 0 J»ya Hotting* 0.16 unch 80 KappelCorp 3.92 0.14 1061 K*pp*iFEL5 1.13
      295 words
    • Article
      Lock icon ITF vessel assured of politically correct future – at a high cost
      761 29  - ITF vessel assured of politically correct future at a high cost STRAIT TALE By I Seafarer Nl OT so long ago an elderly UK-built general cargo ship visited Singapore in support of the International Transport Workers' Federation's (ITF) campaign against open registers. The Global Mariner was being used as an
      761 words
    • Article
      Lock icon Penang port in danger of losing southern Thai cargo
      274 29 Bernama [PENANGJ The North Malaysia Shipping Agents Association says Penang Port may lose cargo from South Thailand if KTM Bhd fails to increase its train frequency to five from the present three daily. Association president Sheikh Ibrahim Mohd Ismail claimed that
      Bernama  -  274 words
    • Article
      Lock icon Surabaya port hit by strike
      173 29 Reuters [SURABAYA,lndonesia] A strike by 5,000 dockworkers demanding higher pay has paralysed Indonesia's second biggest cargo port, Surabaya. The port's four dockyards were virtually deserted yesterday and more than 50 ships waited to load or unload goods as the strike entered its second day with
      Reuters  -  173 words
    • SUBSTANDARD ships
      • Article, Illustration
        Lock icon Erika sinking still haunts us
        836 30 The sinking of the Erika provokes many questions. The International Maritime Organisation tries to answer some THE sinking of the 37,238 dwt, 24-year-old tanker Erika provoked several questions. Even though the volume of oil lost from the tanker when she split in two off France
        FILE PHOTO  -  836 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      296 30 PAGE Eastrans 6 •AMI 3 ECL 4 Accord 8 ECU Line 6 Afirenkiel 14 ESPLines U Appenship 5 6 AsiaOCL 13 8 Austral 8 Frt Links M Avant 14 6L 4 8 tang Mas 8 GwMrtr4ftS 6 j Getrsrtpq 13 Global 13 BTL M u &tory Ha*
      296 words
    • Article
      Lock icon SHIPPING GUIDE
      18805 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartisar V«srf VW ETA ETA Advartrsar V«vel Voy£ Ta££na SIN Dast'n turn, Nm *um<~ ,n Mumb f I 10/05 05/04 Dairrvti ISE 023S 4******M T« ABIDJAN (ABJ) 2003 Cott D'tvoir* I KJ/05 05/0* MOL PARANA CHALLENGER *607A 4******04 So5 OUtt HOI PiONED DOULA
      18,805 words
    • SHIPS IN PORT
      • Article
        Lock icon I CONVENTIONAL WHARVES
        534 43 Vessel Voy No Berth Arrival Departure n n y ***** 5 25/04/7:30 25/04/1300 Bunt T? <0400 J01 25/04/8:00 25/04/23:59 B So?! J«4 ***** JOI 25/04/7:45 25/04/2359 WS4WM ***** JOt 25/04/8:25 25/04/23:59 2 rr J02 25/04/8:35 26/04/8:00 12/00 J03 25/04/8:00 25/04/22:00 Fj201 JU 25/04/8:15 30/04/1500 ***** J01 25/04/1200
        534 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1819 43 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booklng/BtUnco Rstis Ship Voy No Etb/Btr Poriod From To From u 25/1500 29/1199 2V1900 ma wum y*a 27/900 w 2vnx 29/W9 ivnoo k 29/1700 24/0459 21/0900 >1 H/ITOO 21/0199 iwxx i M/OTOO 24/189 24/MOO 4 J4/12O0 24/M99 24/1700 u MM
        1,819 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        180 43 M*yi France: Labour Day. Germany: Labour Day. United Kingdom: May Bank Holiday. Hong Kong: Labour Day. Malaysia: Labour Day. Philippines: Labour Day. Singapore: Labour Day. Taiwan: Labour Day. May S Thailand: Coronation Day. May 11 Hong Kong: Buddha's Birthday. May 15 Thailand: Royal Ploughing Ceremony. May 17 Thailand:
        180 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        761 43 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem. Market movements are indi cated The Cockett Bunker Price Index change and
        761 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        294 43 fjrkM 180 tUi 991.2 0.6 15.4 0.09 90 0.05 n- rye 2 0 1 0 3 0 Ap,20 D-rttT S"* 1 SotT 986.9 02 13.4 0.07 38 0.03 V* 380 tUi 991.4 0.9 17.9 0.09 72 0.06 -S£ We +on C35 ISO/Ciimc Limits S*c E25 99]
        294 words
    • AIR & LAND transport
      • Article
        Lock icon UPS sues Canada Post for unfair competition
        421 44 Package delivery company seeks Cs23om for alleged Nafta violations by govt-owned firm Bloomberg [OTTAWA] United Parcel Service Inc, the world's No 1 package delivery company, is seeking Cs23o million (*****.5 million) in damages from government-owned Canada Post Corp for allegedly violating the North
        Bloomberg  -  421 words
      • Article
        Lock icon Canadian Airlines quits Amex rewards programme
        275 44 Reuters [CALGARY] Canadian Airlines Corp has stopped accepting transfer of American Express cardmember rewards points into its frequent flyer programme, Amex said. Shares of Canadian Airlines, which were halted on April 20 pending announcement of a debt reorganisation plan, resumed trading on Monday. Canadian
        Reuters  -  275 words
      • Article
        Lock icon Saudi airline in privatisation talks
        251 44 Reuters [RlYADH] Saudi Arabian Airlines is holding talks with international consultants on privatising the airline and expects to finish studying proposals within months, a senior official said. "Saudi Arabian Airlines has contacted 45 international consultancy companies on proposals for the privatisation of the company," Khaled
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        198 44 Bloomberg [HONGKONG] Beijing Capital International Airport Co, China's first publicly traded airport manager, expects inbounds flights by US carriers doubling if the Chinese government eases restrictions. "If these new routes come through, they will boost our fiscal 2000 passenger turnover," said Li Peiying, chairman
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        98 44 Reuters (EVERETTJ Cargo carrier Atlas Air Inc expects to buy five to seven new jumbo jets a year and wants to see a larger air freighter than Boeing Co's 747-400, Atlas chief executive Michael Chowdry said. Speaking at a ceremony here to take delivery of
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        493 44 Industry reluctant to give up estimated USslb in revenues due to surcharge this yean analysts Reuters [CHICAGOI If you think that falling fuel prices in recent weeks will cause US airlines to rescind all or part of the fuel
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        Lock icon Vietnam Air to inspect its Airbus fleet
        91 44 Reuters [HANOI] A Vietnam Airlines Airbus A320plane taking offfrom Hanoi's Noi Bai airport, one of a fleet of 10 Airbuses leased to the national carrier. Disruptions that will see every one of the airline's Airbuses taken out of service for engine inspections could
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1891 44 crnr flight eta fught no ens log MM ja M(MO AMZ30 *50 Hanoi VNS0741 1310 WS0742 0905 LH6381 mo S0Vtll75 1830 SOVH176 K»3S saao «o wbbmo wo kmsttUm KL0843 0435 KL0838 2255 Hatyai IM91 1110 M1892 0735 S023 0645 TG407 1540 TG408 1640 GA979 1035 HItosMM
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      7 29 The freight market was closed for Easter
      7 words
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      88 29 I IMO on the Erica sinking Pg 2 B» > *i§y ■f t The Shipping Times now features a full page of logistics news on Thursday every fortnight Current trends, latest developments with specialist writers providing expert analyses and giving you valuable insights into logistics companies that make a difference
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      1341 30 I NORTH AMERICA I I EXPORT I i OTHER DESTINATIONS I BSX -SUPER SHUTTLE EXPRESS -DIRECT TO LONO BEACH II WEST COAST OF CENTRAL AIIIERICA (MARQARfTASERVICE) vbsl Jot rmsTTlmn long hack onus hokion oocago mwtoh unco on" vtssa 1 vot fWI rraoriAtj *cmnu SANiooaoo cqmnto h aam owmvonwm mm en
      1,341 words
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      701 30 #Memb riof,u Singapore Logistics Associahon Lines services represented by Members of the Registry of $&M}J Accredited Shipping Agents, Singapore Shipping Assoc>ahon Pq ULY UNE MALE Ivissa VOY ETA T?U ETA P. HANG SPOtf AAII Empress lily VO4OO 25/04 26/04 04/05 Princess Lily VO4OO 13/05 15/05 23/05 Princess Lily VO4OO 27/05
      701 words
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      1194 31 TO EUROPE FROM EUROPE Ivpsa VOT 1 SIN RTM AM HAM BRV SOU FIT UH I VtSSB. VOT I RTM AMR HAM RRV SOU FIT 1» SI NY COMMOOORE 325W 27/04 20/05 17/05 11/05 IS/OS THAMES 560E 8/04 5/04 4/04 1/04 27/04 RHM 533W 21/04 14/05 H/05 If/05 20/05 MY
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      1754 31 ®HANJIN SHIPPING iflkPi ifeMplM -Ue *****30 SHIPPING (S) PTI ITP h» KXXIHG *****35 737 SAUS *****74 731 90CUHM1 *****71 274 OfHUTIOWS *****50 251 MBUWt *****55 FU *****45 aHO **********0 M TO NW USA A CANADA USA fftHftPA' rarp* imrnT/voi sun* m bsp sr~| —gn I»I M M wo ru rn
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      430 31 VEssa VOT s« m vot sw kg m dsn his Irasa I vot Iswl kg TySa^lwrprTjiTl IMK HOW6IOW6 QMS 23/04 25/ M 0040 24/04 M/ 04 02/05 05/05 05/05 ittf 1 1 I jffi I UntPUSAII 004S 20/04 05/0S 07/0s W/0S 10/05 WS 14/0} U/P5 IjwCUUAII 1004S OS/D 5 [07M|
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      1563 32 DSR-SENATOR UNES TO UK/CONTINENT TO MEDfIKKRANEANCANADA an vot HT" iiH ih mil hw mv hi «aa wt a ar ik fw mc oti PUSAN SJNATOH MI3W 25 94 1216 14 M 15 K II M 1716 1616 SHANGHAI SfMTOfl WMW 77 64 14 16 16 16 1116 2* 66 77
      1,563 words
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      774 32 m. AM MAC-NELS S rUHc M'SIA Canton KM COUTH UMES, MC p.ouoanoiot,**™ I cm m* I—Tallin 6«U: (064) *****8 MANUL (632) *****24 V w PENANG: (04) *****36 BANGKOK: (682) *****67 SURABAYA: (31) *****11 P. KELANQ: (03) *****77 JKT (21) <*****6 KUCMNQ (082) *****1-3 HO CHI MINH MOJI/HAKATA MV "DRAGON KALIMANTAN"
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      717 32 EXPRESS CONTAINER FEEDER FOR N.SHEVR (CFS MULUNO. MUMBAI£OLOMOO ALSO ACCEPTMG TO ALL NORTHER* AND WESTERN 1.C.0. POWTS VctMl I PORE a. SHEVA COLOMBO PKLANG CAPE CANAVERAL V 122W 31 APR M MAY 13 MAY II MAY TULSIOAS V 124 17 MAY II MAY 21 MAY 21 MAY CAPE CREUS V
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      1793 33 IVKSIL VOY I KHH I HKO SIM I PKO I BXi BMM I LA iw MAN SATTARI PCL-152 26/04 28/04 02/05 03/05 13/05 14/05 20/05 15/05 IRAN BAAKERI PCI-153 03/05 05/05 09/05 10/05 20/05 21/05 27/05 22/05 IRAN HE&ABI PCL-154 10/05 12/05 16/05 17/05 27/05 2S/05 03/06 29/05 MANSHAHRYAR PCL-155
      1,793 words
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      1112 33 MEW SiKVfCI 1 .Or MKCCT TO COLOMBO I M S MVS I EwiywwmiiT I I 80 ROWNSOM W 226 1900 FA "***** OUTWARD (i/L) *****02 iOHORE OFFICE; I S2L ££55E"* ITD #,2 SAUS/KGS 4205*57/43 INWARD MPT (D/ 0) *****55 COSTAR AGENCIES (Ml SDN HMD W6 SH* 0* Ml SHE HfU
      1,112 words
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      680 33 EXPORT IMPORT I fflr lSiSii ldfcsßssiß fclMMir 3.2 S s :H:3 r™" I ,I7W i"'" n/0 1 I I W/B l" 0031 11/05 11/05 IS/OS 11/05 04/04 tIIWR WI BO 11 HI fftIMYHI NgKPW 51 HIIH— Ht MM ti wwr mi w TKANSPAOWCSEItVIg EXPORT I IMPORT vraa vot m m
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      1390 34 ■U»OP«/1MC/SCAHP»<#*1A/HNU>NO/RUS«A swvicis EXPORT I IMPORT VESSEL/VOYAGE |SGP 1 BDM HIG THf 111 AMW IMV |viSKL/VQYA« jlilK .MM IIMT iMIW ~iR6 i« i GEMU Sw 070 M/ 05 11/05 3MS j W> i'S* F WnPrEW? 3'W _|]/W JJ/04_ J4£j !fcg_ Wjjs_ DiAMONO IW 0)3 |IVPS 01/06 03/0* 05/% 04/06 ;07/04 07
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      645 34 PACIFIC INTERNATIONAL UNES (PTE) LTD A M=e~a Ifc 140 Cecil Street, #03-00 PIL Building, Singapore *****0. I CR NO **********06 I Ivcsa WT W6 5 tm w m I M I imiKHMi fW*O55 25/4 It/ 4 1/1 11/S 17/5 24/S 22/5 I I tm u/s t+)s ir I I ooq
      645 words
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      384 34 M TEL OK BLAMGAH ROM) M 2-02 CTFIPOfIT CENTRE STORE MCI TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W wssa VOY TO ETD QESTMOOt LMAMU 83.7900 76****** 2C/M/2M MUNTOK INABUKWA 16/7*oo 26*47*00 »/R7*IO PALEM6ANG PKL lALAM ILMAMUI 14,7*00 tIMUM 02A&70M PONTIANAK INABUKWA 177*0 «2/*V2*IO 03/K/2MO PKL
      384 words
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      419 35 BSA it. %mm MYANMA iBHBk FIVE STAR UNE W (MyoMMr NfltioMl Li««) W Loodiag for Yoagoo VESSa VOT SM PRL PW P6U HPA-AN M7W SIB "IrftffW? UW SLB RULATSIA AGENTS: ROUSTEAD SNPPMG AGQKKS RUL TEL (03)*****00 PRL TH (03)*****01 PQt TB (04)*****02 PGU: TH (07) *****21/4 BANK LINE (A Mrvkt
      419 words
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      1284 35 HYUNDAI MERCHANT MARINE CO., LTD. Ivcsa vorlswl soulial na ami I nam I anr [vcsa vot|sou|l»|»t»|m>t|hmi|wv| n. HYCOMMOOOCf 325W 27/04 15/05 10/05 17/05 11/05 IHARES SMI 03/04 01/04 05/04 M/M 27/R4 MM SOW 2S/04 11/05 20/05 14/05 It/OS MT EJVBOR 3271 05/04 12/04 00/04 11/04 20/04 HTDUS 324W 01/05 24/05
      1,284 words
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      691 35 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT SERVICE" |v«sa VOT IW HBGHT Si lOC MM MA SAV ML OtF WTC HW 80T~] TOOA AHOO9 400 Ims 6JM W/04 25/05 02/04 05/0* 07/04 04/0* 10/0* 12/0* l*7oT 19/0* TAROMGA AHOIO 4001 m 6.3* 10/05 00/0* 17/0* 20/0*
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      786 36 MMOKOKJMtf TA PHUT/LAMM CHASAMO .JAKAWTA/PAIIJAMO *iwi I VQY |SMI MI I MTT 1 LQL~ VBSO VOT W *T iiMiii m. hJEt Mi MiH Am in/M J*!®: m—!§Js—3/m =—»/w_ g HMY 00, m TAWTUIHUM 331W 71/04 03/05 IMS 5/5 XETHA IHUM" 333W 30/04 03/05 04/05 HTllHllil Iff SHMAMAMI 7U Jl/05 °5Z°5
      786 words
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      365 36 INDONESIA NATIONAL LINE TO AUSTRALIA HJU. COHPUNER «V»CE re jvonr hk an je__sL JIL_!L »»cm i MS OW a/04 M/M 10/ M lj/t$ IS/IS lI—IMWW OW «/0S lj/w 14*S i*7«s tfiiywr "ST ii/ts w/ts Ty« n/ie fin riTT"" a/« a/os »/os n/*6 FEEDER SERVICE TO INDONESIA «i wot ggg iMAtu
      365 words
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      574 36 VESSELS IWY I"kl I PKL JED I MLA LEH HTM HAM g I SOT VILLE D€ TANYA T37W 01/06 02/06 11/06 15/06 21/06 2206 24*06 2MB 28Q6 VILLE DE TAURUS A37W 08*06 08/06 17/06 22*06 27AJ6 29/06 3V06 01/06 03*06 vnED-AQUARiCg IflffW iS/te SOS— SWA tax* ~SCBg~ WW ~WBT~ VIE
      574 words
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      31 39 DIRECT CALLING SIN/HUANGPU, XIAMEN, SHEKOU, HUANGPU. XIAMEN, SHEKOU/SIN See Page 5 Daily COSTAR SHIPPING PTE LTD Singapore Pte Ltd Providing You With More Than 90 Direct Ports of Call Page 6
      31 words
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      24 39 New Weekly Express Service to LA I OAKLAND Page 13 NORASIA LINE EASTRANS LINES (S) PTE LTD BOMBAY/ NEW DELHI See Page 6 I
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      86 40 M RICKMERS-LINIE Afeofc Hapaf-Lloyd (S) Pie Ltd .5??^? v 200 Cantonmentßoad #08-02 Soatfapoint Project C*»o •Container _J Singapore *****3 Heavy-lift p A Regular Break-Bulk Project-Service ISL 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) Loading:
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      44 40 METROPORT SNIPPING SDN. BHD. I SINOKOR MERCHANT M n ***** r*tDa* I*mmM I MARINE CO LTD w:*oj-s*si»Tv73M/»m F.. FARWIDE SNIPPING AGENCIES PTE LTD tXPOKI U: 221-M72 (S Ums) FM: IM-1514 ftl: fOtT KUN6 SIN; SIMCAPOti HUG: HONG KONG USW: UtSAN PUS: FUSAH IWT: KWANGTANG
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      44 40 SHIPPING* WAREHOUSING latwa: Singapore Ixwimg Duly Man 10 Sa (BATAMTNDO l/TII > Aaxpung RHX>«ivcnoonal/Pra)cxt/Heavy Lift Carp) A Reefer Conner IKb Singapore Looting Mon. Wed AFn (BATAMINDOn) Aaxpbng KlA'onvicnDunal/Prnjecl A Heavy LiA C*p> Ut 227 0322 Fu: 222 9330 7kfafH*—d r ,i —j-n nll in www
      44 words
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      1098 41 SSAMUDERA SHIPPING LINE LTD 72 Uin Ro«d, *04-01 to 03, Singapore 07ff II MAIN INK/OUTWARD: *****00 INWARD(WOh*****4I IMPORTSTATUS(HOfcJ I37WVE^T(MM37 242O W«bsit« I.Hps// Ct NO. *****4****** BOOKINGS UNE: 535 6266 (Celio/Jes»i<q/M»i Chan/Jestynn/Dorg/Hanim) QQ2BDQBSSH ssigs/wiekly iilfMiMM 3SLGS/WKKLY VESSEL VOT 5 JAK "1 VESSEL _VOY SIN M (LOI) OKK (TAT) KOTA MAJU lAJU249
      1,098 words
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      975 41 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO r«G Ml PT W M "Tl 0»F SAV WW TAW MOU "I jgggj MINERVA /0054 00/05 14/05 17/05 H/05 Jf/Si. Ji/gL -gj/0*- -OZZBt. .fl/OL 97/07 01/07 11/07 IS/07 71/07 h£cm mm /oss* 2»/os "fli/ai" "o*/o* JH/iL _11/8 L JUL li/SL J&I9L 1LI&L
      975 words
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      651 41 n ENG LEI SHIPPING CO PTE lift tafc 533M7S I* Uaes) tai IMUt/SIIHM I ttfcISIHIIMWt VISSCI VOT SMFU SMFTD KSTMOTON Dan Dove 5/00 7S/04 24/04 Bum Un®n Sw 8 4/00 2S/04 74/04 81* Unon S*oi 38 3/00 25/04 24/04 Duma Unco Sw 32 3/00 24/04 27/04 Mario Sra C«nrt 4/00
      651 words
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      513 42 I VESSEL VOY SIN MAA SIN TIGER STAR 794N 28-29/04 04 07/05 12 13*05 TIGER RHYTHM 795N 02-03/05 08-11/05 16-17/05 TIGER BRIDGE 796N 11-14/05 19^20A)5 TIGER METRO 797N 09-10/05 15-18/05 2^24/05 TIGER STAR 798N 12 13/05 18-21/05 26-27/05 TIGER RHYTHM 799N 16-17/05 22-25/05 30-31/05 CAL SIN I TIGER OCEAN 427CN8
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      965 42 JV 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 James Leong *****98
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      1258 42 for botkmg t empty (of 4J7« IM W«b«l«: http://wwvi.Md.CMi V >/ f USA Hfsdseri« n a iik hou I rt mm im houoi iaw 00(1 NETHEILANDS 19E517 I* FT 11/05 17/05 11/05 11/05 17/05 OOQHWUN 37W514 04/04 05/04 04/D4 07/04 12/W 30/W OOQ IKTAIN 33E511 03/05 19/05 24/05 75/05 75/05
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      91 42 BffiUmi &FRVICE TO INDONESIA Et» ETI) DESTINATION CHAHAYA VICTORY 27AM 2MM JAKARTA TBN 2804 3004 PALEMBAN&TONTIANAJC ME DAN PANGKAI BALAM (EAST TIMOR) REGULAR SERVICE EX YANGON (MERGUI SITTWE) JUBILANT IN PT 2&04 VISAK/CALCUTTA CHAHAYA STAR IN PT 30/04 MADRAS/CHITTAGONG VISAK/CALCUTTA REGULAR DIRECT CONTAINER A BREAKBULK SERVICE TO PORT LOUIS A
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  • Page 43 Miscellaneous
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      133 43 MM FOR 7 AM 26 APR 2000 jjjjjtV nßnr v 7 >• v LEGEND Issued byMeteorological Service Singapore Thunderstorm p Temperature Wind direction and speed in knots 8310 Weather Cloudy Day O* 3 Hazy Sea Conditions Wind speed symbols p 1 S |j ght<l .2m O Full circle w/o line
      133 words
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      175 44 NEW CONTAINER SERVICE TO DILI EAST TIMOR Commencing from April 25th 2000, PT. Pelayaran Meratus would be offering a new regular full container service for 20' to Dili East Timor every ten days from Surabaya. This new service will enhance our position as the leading network service provider in Eastern
      175 words