The Business Times, 5 May 2000

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Microfilm: NL21804
Total Pages: 66
1 66 The Business Times
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  • Title Section
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    14 1 THE BUSINESS TIMES MITA(P) 035/12/1999 Internet: http://business-times.asial .com.sg/ SINGAPORE FRIDAY. MAY 5, 2000 85«
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  • Article
    Lock icon MARKET SUMMARY
    68 1 sn *****0 (-24 43) BT-SRI 78U4 (-11.12) ansa FUTURES 28U0 (-5.50) STOCK MARKET INDICES Thursday Gunge KLSE OOMP 906.67 +2.12 NIKKEI Closed HANG SENG 15,***** -263.40 SET INDEX 379.97 +0.17 JAKARTA COMP __.538.97 43.66 MANILA COMP *****4 +3914 TAIPEI WPI 8.425.38 +5.38 SEOUL COMP 751.29 -1.47 CISA CHINA
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  • Article
    Lock icon FINANCE
    78 1 FOREX RATES uss ss l'SS__ 1.724 £(USS/S$per£) 1559 1687 El'RO(USS/5S/E) 0.892 1537 DM 1194 0.786 YEN 1091 1.579 RM 3.800 0.464 HK$ 7.790 0121 BAHT 3845 0.045 RUP1AH 7,978 0.022 St to 100 units PKIHE RATES SINGAPORE* 580 KUAL*LUMPUR 7.67 JAKARTA :{900 BANGKOK 990 MANILA 1100 HONG KONG 850
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  • Article, Illustration
    Lock icon Former central banker Koh Beng Seng to join UOB
    655 1  -  As deputy president, he will be fourth in the bank's hierarchy By Siow Li Sen [SINGAPORE] Koh Beng Seng will join United Overseas Bank, Singapore's second largest bank by assets, a development as surprising as when the former central banker left
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  • Article
    Lock icon HKT profit down 90%, but takeover is a 'done deal'
    610 1  -  Both HKT and parent make clear their stand on Cyberworks offer FYomi Quak Hiang Whai in Hongkong Its net profit may have plunged by 90 per cent, but Hongkong telecoms giant Cable Wireless HKT's takeover by Pacific Century Cyberworks is
    610 words
  • Article, Illustration
    Lock icon SIA to gross over $500m from IPOs of two subsidiaries
    852 1  -  Sats' offer price is $2.50, while SIAEC shares are going for $2.05 each Hy I Conrad Raj [SINGAPORE] Singapore Airlines has launched initial public offerings of 110 million vendor shares each in Singapore Airport Terminal Services (Sats) and SIA Engineering
    ARTHUR LEE  -  852 words
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      78 1 dcstoe BT Comment An open letter to BMW's Stefan Quandt. Pg 4 E-tailers still need to get their basics right. Pg 17 Top stories US banks must improve risk management tools, says Fed chairman Alan Greenspan. Next Page DBS Land chief executive Han Cheng Fong pays tribute to his team.
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      77 1 «g! W dressing tlown lor the lI6W economy /f I'll/' m V ,V Mil'.. ;lii', l M l 4 'fit. |5 v'j i ii, Irli'v WH n is mi in n i u I s ■WPUOIH^ 1 I'M. IN I IV mU,I 11J mhi MliilL rl >.it li i 111
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Turbocharged conference rooms
        66 2 WHEN we visited JIT Holdings' offices recently, we found clear evidence of executive chairman Tommie Goh's penchant for exotic cars and motorbikes. Besides displaying two Harley-Davidsons in the lobby, the energetic entrepreneur has also named rooms in the JIT building after marques like Rolls Royce, Bentley, Ferrari
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      • Article
        Lock icon Cybercemetary takes off
        88 2 FUNERAL directors have blessed Britain's first graveyard in cyberspace after its caretakers promised to be more reserved than US sites that inspired it. A Reuter report said Mark Wakefield, co-founder of www.lnMemoryOf.co.uk, said his Internet memorial site would help people grieve for loved ones. Space for real
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      • Article
        Lock icon To B-to-E, or not to B-to-E
        87 2 CONFUSED with the New Economy's B-to-B, B-to-C and the rest of the alphabet soup? Bad news here is another one: B-to-E or Business-to-Employee. This is a corporate portal (what else) that promises to combine all the information and package them in "carefully managed streams"
        87 words
      • Article
        Lock icon Astra-ordinary departures
        96 2 WORKING on buying a stake in Indon motor company Astra investment was the swan song for Lazard Asia Fund chief executive Patrick Chong and his deputy Helen Wong. The Hongkong-based pair of the French investment group "left to set up their own companies" right after joining a Cycle
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      • Article
        Lock icon Witch cries foul, but plays fair
        81 2 A NEW Zealand woman who says she is a witch is to lodge a discrimination complaint after a local authority said she could not open a shop because it dealt with "witchcraft and pagan issues". According to AFP news reports, Lynette Muggeride said she
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      • Article
        Lock icon Dots and bricks war
        67 2 PROPERTY and stocks have long been rivals for the investing public's dollar and events on the stock market have long been the favourite fodder for jibes from estate agents. Referring to the recent Internet stock selldown, one estate agent said: "First it was dotcom, then it
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    • Article, Illustration
      Lock icon Greenspan finds possible risk complacency disquieting
      647 2 Fed won't bail them out should they collapse, he warns Bloomberg [CHICAGO] Risk management by financial firms, which has opened up investment opportunities and contributed to economic growth, must be tested by the most severe assumptions about an economic downturn, Federal Reserve chairman Alan
      Bloomberg  -  647 words
    • Article
      Lock icon Keeping up with the times — good try
      620 2  - Keeping up with the times good try Local executives just got there, sartorially speaking, and the goal post has moved, writes Tan Su Yen Tan Su Yen JUST when executives from local companies started dressing up, the rest of the world is seriously thinking about dressing down. With the exception
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      143 2 WON T BE AWAKE FOR ANOTHER When was the lost time you got up at 4 a.m. to play softbali? Golf THREE HOURS ,Sflt USt a ame t San 3sess,on Wh| ch I 5 precisely the point behind the new Super Steel Metalwoods from Taylor Made. At up to on
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      10 2 Dreu down for the New Economy, Executive Lifestyle cover story
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  • STI futures
    • Article
      Lock icon STI review to be conducted this month
      255 3  -  By\ R Sivanithy [SINGAPORE] The Straits Times Index will be reviewed this month, ahead of the June 28 launch of a new futures contract based on the index. "To keep the index relevant, we have to periodically review the components, but we'll apply
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    • Article
      Lock icon Straits Times Index
      306 3 COMPANY WEIGHTING FACTOR 1 Advanced Systems Automation 1.0000 2 Amara Holdings Ltd 1.0000 3 Brilliant Manufacturing Ltd 1.0000 4 Cycle Carriage Ltd 1.0000 5 Cerebos Pacific Ltd 1.0000 6 City Developments Ltd 0.5194 7 Comfort Group Ltd 1.0000 8 Creative Technology Ltd 1.0000 9 DBS Group Holdings
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      165 3 When you work hard and play hard, it makes all the sense in the world to J? take care of your body. You need time to relax. The OSIM Millennium Chair sets a new standard in relaxation. The only high-tech massage chair with airbags, rollers and vibration all-in-one. It's designed
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Han pays tribute to DBS Land team
      536 4  -  He defends boosting land bank last year, says market bottomed ont in '98 Andrea Tan MARKING his last appearance as DBS Land's deputy chairman and chief executive, Han Cheng Fong paid tribute to his team in the group's latest annual report. "I dare
      FILE PHOTO  -  536 words
    • Article
      Lock icon Chartered Semicon cuts global offer again
      188 4 AFXAsia CHARTERED Semiconductor Ltd said it has further reduced the size of its follow-on global offering to 135 million shares from 175 million shares. This is the second reduction in size since the global offering was first announced. The original size of the offering
      AFX- Asia  -  188 words
    • Article
      Lock icon Nera Telecoms unit wins $10m US contract
      240 4  -  Group turnover jumps 8.7% to $32m in Q1 Jane Cheong NERA Telecommunications Ltd's wholly-owned subsidiary Nera Electronics has been awarded a $10 million contract by a US-based wireless digital network telecommunications company. The contract is for the manufacture of a complete indoor sub-system
      240 words
    • Article
      Lock icon Infomatec group gets US$30m IPC call option
      237 4 New shares at 40 cts each subject to 24.9% stake limit AFX-Asia IPC Corp Ltd said the group of investors led by Germany's Infomatee AG has been given a call option to subscribe to another US$3O million (5551.7 million) worth of new shares
      AFX-Asia  -  237 words
    • Article
      Lock icon An open letter to BMW's Stefan Quandt
      846 4  -  jßlSfflock siew christopher tan Dear sir, When your father stepped in four decades ago to take an ailing and little known Bavarian carmaker by the arm. you were not born yet. With faith, vision and the appointment of the right people, he turned
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    • Article, Illustration
      Lock icon Auric sets aside $100m for high-tech ventures
      411 5  -  Food business to go online; stakes in tech ventures in pipeline By' Ven Sreenivasan LISTED food and beverage group Auric Pacific is setting aside $100 million to invest in high technology ventures. The company, which dominates the local market for "breakfast table" foods,
      FILE PHOTO  -  411 words
    • Article
      Lock icon Freight Links to tap Net with Eastern Pub
      244 5 FREIGHT Links Express Holdings has joined up with Eastern Publishing (EP) to tap the Internet's potential one providing the e-commerce site and the other the logistics for fulfilment. Under an agreement signed between Freight Links subsidiary Freight Links Express Logisticentre Pte Ltd
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    • Article
      Lock icon Goodwood Park's H1 net profit falls 15.6%
      377 9  -  Group earnings fall to $20.9 m; writeback of provisions cited By Kalpana Rashiwala KHOO Teck Puat's thinlytraded Goodwood Park Hotel yesterday reported a 15.6 per cent erosion in group net profit to $20.9 million for the six months ended March. Goodwood Park Hotel
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    • COMPANY Briefs
      • Article
        Lock icon Nucleus' IPO 53 times subscribed
        30 9 NUCLEUS Electronics Ltd's IPO closed yesterday 53 times subscribed. The electronics components distributor had offered 5 million shares to the public at 21.5 cents each.
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      • Article
        Lock icon Nod for Osprey par value reduction
        31 9 OSPREY Maritime said the Singapore Exchange had approved its proposed reduction in the par value of its shares from US$l to 10 US cents each.
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      • Article
        Lock icon OUT director resigns
        17 9 OVERSEAS Union Trust said long-serving director Tan Puay Hee has resigned from the board.
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      • Article
        Lock icon Tuan Sing ups Grand Hotel stake
        56 9 TUAN Sing Holdings said Grand Hotel Management, its wholly-owned subsidiary in Australia, had made additional acquisitions totalling 116,174 units in the Grand Hotel Group from the open market at an average price of A 51.27. The purchase raises Tuan Sing's interest in the Grand
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      • Article
        Lock icon 'Yes' to Del Monte Pacific ADR
        81 9 DEL Monte Pacific said the US Securities Exchange Commission had granted approval to the company for the establishment of a sponsored Level 1 American depositary receipt (ADR) programme. Del Monte Pacific has appointed The Bank of New York to act as depositary bank for
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      • Article
        Lock icon Giant Wireless IPO 7 times subscribed
        32 9 GIANT Wireless Technology Ltd's IPO closed yesterday 6.95 times subscribed. The telecommunication contract manufacturer had offered 26.25 million shares to the public at 32 cents each.
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      • Article
        Lock icon MPH Online.com in e-book content deal
        52 9 SINGTEL Mobile and MPH Online.com launched a new service on Wednesday to provide e-book content on WAP-enabled mobile phoneaand PDAs. Book information can only be assessed via the Nokia 7110 at www.mphonline.com. MPH Online.com will provide e-book content solely to Sing Tel Mobile for
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    • Article, Illustration
      Lock icon Electronics thrust: KepT&T ropes in 3
      186 13 AS part of its expansion into electronic business, Keppel Telecommunications and Transportation yesterday announced the appointment of three new members to its senior management team. Andrew Lee has been named chief executive of Data One (Asia) (Dl), Keppel T&T's business Internet arm. A computer
      186 words
    • Article, Illustration
      Lock icon Datacraft to take 60% of S'pore IT consultancy
      343 13  -  It is also buying ont partner in Indian joint venture By. Andrew Wee DATACRAFT Asia is ramping up its e-com-merce strategy. It is taking a majority stake in a local information technology consultancy, buying out its partner in an India joint venture
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    • Article
      Lock icon DBS buys 6% stake in Manila bank
      180 13 Reuters [MANILA] The Philippine Stock Exchange said yesterday that Development Bank of Singapore Ltd has bought an effective 6 per cent stake in the merged Bank of the Philippine Islands (BPI) for a total price of 8.73 billion pesos (*****.4 million). Analysts said
      Reuters  -  180 words
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      89 4 Looking for an International Education without leaving Singapore? The Singapore Distance Learning Fair offers the best source of information on the latest undergraduate/postgraduate programmes, MBA's and professional qualifications offered by international universities/institutions for study in Singapore. Meet senior representatives and academics from the USA, UK, Europe, Canada, Australia and Singapore.
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      160 5 This announcement appears as a matter of record only May 2000 GIANT WIRELESS TECHNOLOGY lim,ted GIANT WIRELESS TECHNOLOGY LIMITED (Incorporated in Bermuda on I January 2(KX)> i INVITATION IN RESPECT OF 87,500,000 ORDINARY SHARES OF HKSO.IO EACH COMPRISING 52,500,000 NEW SHARES AND 35,000,000 VENDOR SHARES AS FOLLOWS:(1) 26,250,000 OFFER SHARES
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      874 5 BIG 2,520 ACRES ONLY $879,000 PRICE eejt yr i y '•v> AN EXCEPTIONAL INVESTMENT OR EXCELLENT FARMING BINGARA DISTRICT N.S.W., OLYMPIC STATE. AUSTRALIA. "The Lucky Country" Freehold Property. 18 Titles Registered in DP *****9 now 1 ro VIM I IMI lU f ■X T lAinuw j 173 Dowling St, Sydney
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      118 6 y' SATS Singapore Airport Terminal Services Limited INITIAL PUBLIC OFFERING 110,000,000 Existing Shares at 552.50 each fK v*';\, *v., *V •'.^'-r- 4 fc- t 4 V •''•V*i»-Sjft >''" ".•t >V.T rlJfJ'l y*- V **C 'j *>• *V £.•*<- P^Js CLOSING 10 May 2000, 8:00 a.m. Applications for Offer Shares may
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      95 7 < mgr SIA EnGinEERinG COmPAnY nbfr SIA Engineering Company Limited INITIAL PUBLIC OFFERING 110,000,000 Existing Shares at 552.05 each Applications for Offer Shares may only be made by way of printed Application Forms or Electronic Applications as referred to in the Prospectus dated 4 May 2000. Applications for Placement Shares
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      30 8 Into The New Millennium 25 Years of Growth 1 Successful Partnership X t 5 w-tO 41 V 'V < -jP I ■**'■<( i r v m-'V-v v•• J|£SSls J iff I "T~3tt'
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      691 9 I I I Preferred Choice Located within the prime residential district of Mount Elizabeth, xet 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 its being the preferred choice. Accommodation at
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      127 11 Congratulations from BPAmoco M BP Korea Mar cet n 9 Lt< j£imm s i i\\ mm 9 f •»jP A o/loral^' or "A' Chemicals Pte Ltd CREDIT AG RICOLE INDOSUEZ f yy*' V j|> fr vPli output of more asunder ancTthe Borneo Motors (S) Pte Ltd NipS^T^Ltd second generao OCBCBank
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      196 12 I ""—»*> 7 j* Jjfk* Congratulations from J Antara Koh Pte Ltd f Arrissco Engineering Pte Ltd I f J ASAP Automation Pte Ltd Instrument Technical Utilities B.V. Barwil Agencies Pte Ltd Intertek Testing Services (S) Pte Ltd rsp Architects Planners C& P Holdings Pte Ltd Intertogs Trading Shipping Pte
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      218 13 TAKE IT DEEP WITH QUADPR.O WOODS 6'H WMr Vijay Singh and 32 other players have put QUADPRO Woods in play on The P' Jfr PGA Tour, including David Toms, who has r > already won three times with them. Si-10 for shots from the tee. the fairway and yven out
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      457 14 Stocks Volume Medt-Rad 5c 41.299,000 PaikwayLab 5c 30,831,000 HMI5c 17,272,000 Vfckers Capital 25c 14,102,000 Inno-Pac20c 11,543,000 Jurong Tech 10c 10.330.000 L*M50c 9,973,000 CSC W*****7 7,893.000 Eastern Asia 7,610,000 AifOcean5c 7,355,000 Stock! DBSQfp 27,667,064 PadffcCentury 26,162.300 VentureMfg25c 23,071,500 Pa/kwayLab 5c 21,650,245 SPH 20,385,240 SIA 19,680.797 Medi-Rad5c 17,308,120 Creative T 25c 16,244,855
      457 words
    • Article, Illustration
      Lock icon Parkway Labs leads action in biomedical second-liners
      553 14  -  I-J J comment STOCKS r. sivanithy IT looks like house traders and stockists may be growing tired of the recent lack of activity and are doing something about it the main thrust of yesterday's action was in second-liners, many of which chalked up
      553 words
    • Article, Illustration
      Lock icon Attractive numbers for SingLand's new warrant
      195 14  -  WARRANT WATCH By R Sivanithy THE newest warrant to list here is issued by property company Singapore Land. Like CSC Holding's brand new warrant which was featured here a few days ago (and is now 70 per cent up since then), there doesn't seem
      195 words
    • Article, Illustration
      Lock icon Vickers Cap looks set for more gains
      220 14  -  HOT STOCK Ven Sreenivasan VICKERS Capital, which was the fourth most active counter on the local bourse yesterday, has been in consolidation mode above its 80 cents medium-term support level for several weeks. However, the counter jumped to life yesterday, gaining 9.5 cents
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    • Article
      Lock icon Market Notices
      157 14 ♦THE board of directors of MHE Holdings Ltd has announced that Lee Bee Lian has resigned as director of the company with effect from April 28. On May 2, David Lim Teck Hiang is appointed as director and chairman of MHE. Peter 800 is stepping down as chairman
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    • Article, Illustration
      Lock icon Euro hits new lows, pares losses on intervention talk
      346 14  -  i-l i comment CURRENCIES larry wee THE euro hit new lows again as early European players joined the fray in Asian trading yesterday, as more signs of a red-hot US economy overnight continued to boost the greenback in currency market trading.
      Source: Bloomberg  -  346 words
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  • SINGAPORE news
    • Article
      Lock icon S'pore firms keen on $400m loan facility
      586 15  -  Several banks have signed np to provide facility part of PM's Indon package From Shoeb Kagda in Jakarta A $400 million soft loan facility part of Prime Minister Goh Chok Tong's $1.2 billion investment package for Indonesia has been firmed up and is
      586 words
    • Article, Illustration
      Lock icon High oil prices fuel supply index rise
      326 15  -  M U I un the economy prices Audrey Tan HIGH oil prices continued to drive up wholesale prices here, by a good 14.1 per cent year-on-year in March, latest figures from the Department of Statistics (DOS) show. Once again, the rise in fuel
      Source: LIA; Source: Dept of Statistics  -  326 words
    • Article
      Lock icon Life premiums seen hitting record $3b this year
      349 15  -  By Ling Su Ann THE Life Insurance Association (LIA) projects that the industry will grow by 30 per cent this year, hitting a record $3 billion in premiums, if the economy continues in its current buoyancy. Speaking to the press at a
      349 words
    • Article, Illustration
      Lock icon Demand for chips seen accelerating
      497 15 Global industry will doable to USs337b by 2003: study THE world semiconductor industry will grow faster in the next five years than in the previous five, a trend that industry players say will benefit Singapore's economy. "The global semiconductor industry was only a few billion
      CHRIS LOH  -  497 words
    • Article, Illustration
      Lock icon E-tailers still need to get their basics right
      634 17  -  FTlcomment TECHNOLOGY Learn from brlcks-and-mortar stores: keep the customer satisfied kenneth james LURED by the large discounts, you log on to a local online bookstore. The first pleasant surprise: a search turns up two titles that you've been trolling all your favourite
      634 words
    • Article
      Lock icon TDB to lead regional trade missions
      186 17  -  By Joyce Koh THE Singapore Trade Development Board (TDB) is organising three multi-sectoral trade missions to Indonesia, Thailand and Philippines. The missions aim to provide assistance to Singapore businesses wanting to expand and develop their markets in South-east Asia. They will be given assistance
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    • Article
      Lock icon Foreign law firms invited to form joint ventures
      283 17 THE Legal Profession (Amendment) Act, which allows Singapore and foreign law firms to form joint ventures and formal alliances, comes into effect today. The Ministry of Law said in a statement yesterday that the Attorney-General invites applications for licences from interested Singapore
      283 words
    • Article, Illustration
      Lock icon Selling portals to those who sell homes
      424 17  -  MyPropertyHab.com creates portals for estate agents Marissa Chew WHILE other property portals want to sell homes, MyProperty Hub.com is selling portals to the people who will eventually sell homes. The company, which creates portals for estate agents and agencies, was careful to emphasise
      424 words
    • Article
      Lock icon Infocomm Asia gets TDB award
      169 17 INFOCOMM Asia has been awarded the prestigious Approved International Fair (AIF) by the Singapore Trade Development Board (TDB). Infocomm Asia, which will return for the fourth time next year, is the region's leading showcase of audio-visual and projection technologies. According to Yew Sung Pei, director
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      57 15 Harry Elias Partnership requires a corporate lawyer with 3 to 5 years experience to be part of a team that does work in Mergers and Acquisitions, Takeovers, IPOs, Company Restructurings, Tech Ventures (seed, angel and VC funding) and Project Financing. Please contact Ms Lee Pih Peng at 239 9806 for
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      207 15 Technology Achievement Award 2000 a w Mt 11 < 11 <> i (i <, t II I I I Ml I A 1(1) 2 <M M) National Science and Technology Board. Arthur Andersen Busiriess Consulting, Economy Development Board and The Straits Times invito you to no m mat e companies
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      3428 16 H Overseas Union Trust Limited (Incorporated in the Republic of Singapore) lee Nee Seng, DUBC, P|G, |P Peter Seah Lim Huat, PBM, BBM Kau fee Chu Chairman Hen Seow Wah Tan Kofc Quan Tan Puay Hee Gob Hup |in f For t ie f' nanc 'a* year ended 31 December
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      1359 17 H Overseas Union Trust Limited (Incorporated in the Republic of Singapore) 17. Unquoted Equity Investment in a Subsidiary Company The Croup and The Company 25. Taxation 1999 1998 Tax expense The company S'ooo t'OOO The Croup The Company 1999 1998 Transactions with the holding company 1999 1998 1999 1998 (i)
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon The dangers of mega-merger mania
      673 18  -  I bottom line OPINION william safire NYT AS the African proverb goes, "When elephants fight, it's the grass that suffers." When the cable operator Time Warner blacked out the programmes provided by filmmaker and broadcaster ABC-Disney, millions of viewers were denied what they had come
      NYT  -  673 words
    • Article
      Lock icon IN OTHER WORDS
      161 18 'What belongs together finally comes together. London is the largest cash market in Europe and we bring in the largest derivatives market worldwide.' Werner Srifert chief executive of Deutsche Borse AG, which owns the Frankfurt exchange, on the impending merger between the Ix>ndon Stock Exchange and the
      161 words
    • Article
      Lock icon Economic juggling, Gus Dur-style
      625 18 EDITORIAL THE flip-flop in Jakarta over the imposition of a business tax in Batam may have been confusing. But look on the bright side: It may be a sign that the firmness of resolve very much needed in economic policymaking in Indonesia today is finally here.
      625 words
    • Article, Illustration
      Lock icon India and East Asia: huge synergies to tap
      1183 18  -  Indian software skills combined with East Asian dynamism and marketing savvy conld produce a world-beating brew Vikram Khanna The writer is BT's Regional Economics Editor THREE years ago, you might never have guessed. But now it's becoming clear that if Asia will
      AP  -  1,183 words
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      Lock icon WHAT THE OTHERS SAY
      748 18 Rebel THE rest of the region may be recovering from the recession, but in the Philippines, kidnapping appears to be the only growth industry. The spate of hostage-taking and violence over the past week poses serious problems for a government that is signally failing to cope
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  • MAIL bag
    • Article
      Lock icon 'Tezting' time with the RCB
      458 19  -  Pao Ning Yu President CEO SingaTrust Ltd I AM writing with regards to how hard it is to do business in the New Economy in Singapore. I wonder if the government has too much of a hand in how businesses are run in Singapore. Last
      458 words
    • Article
      Lock icon Broadcasting sector: time for competition
      303 19  -  Boon Chin Aun I READ with sympathy that so many staff of MediaCorp has been laid off. There being no competing medium in the industry, many of these persons will find it hard to find a replacement job. I also read with interest that "some
      303 words
    • Article
      Lock icon How about a no-frills savings bank, DBS?
      308 19  -  Denis Distant DBS Bank's plan to introduce various charges for banking has generated far more than the usual response from the man-in-the-street and more recently from official bodies. The latter seem to adopt the view that nothing can stop DBS Bank from going
      308 words
    • Article
      Lock icon UOB offer a margin scheme: MAS
      342 19  -  Toh Yong Chuan Assistant director (Corporate Communications) Planning, Policy and Communications Division Monetary Authority of Singapore IN the letter "UOB consumer banker who makes others sit up" (BT, May 3), Ms Sim Puay Suang is quoted as saying that UOB's offer of 100 per
      342 words
    • Article
      Lock icon Investments:people have a choice
      317 19  -  Alison Cousland I REFER to Mr Narayana's letter, "Are unit trust managers more likely to succeed?" on April 21 regarding unit trusts. Several points indicate a need for informa-* tion and clarification. Long-term investment outside the property market is perhaps a new concept to Singapore and
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      283 19 Consolidation for a breakout 111° 9.90 9 "I 1 1 1 1 1 1 Ignore momentum. No movement is a great opportunity to load up on delicious One-Price Dishes at only $9.90 each. And don't forget the Superior Sharksfin Soup at $28.80 per bowl. prices C K&OI1G THOMSON RESTAURANT where
      283 words
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      120 20 ~,,wi 1 "'uy cwu Stfe' v v^^Qm I^HRm^Hpg^s£ra HBiißßßßiHßHß'wnffnfflßl *SMmPPlP!iPM(lNHlH^^^^^^^HKaHß>Cilfffl^^^^^^^^^Hl&W^flK9 9 "1 WITH THE STAR ALLIANCE NETWORK, SINGAPORE AIRLINES CUSTOMERS CAN EARN AND REDEEM FREE FLIGHTS ON 14 PREMIUM STAR PARTNER AIRLINES. Fly Singapore Airlines and you can now earn and redeem miles faster than ever before on 14 premium
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  • eNews
    • Article
      Lock icon Microsoft's Myhrvold leaves company
      423 21 PEOPLE Ex-chief tech officer says life outside company is more attractive NYT NATHAN P Myhrvold, the chief technology officer of Microsoft Corp, announced his departure on Wednesday, joining a wave of executives and senior engineers who have left the company in the last year. Mr Myhrvold's
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      Lock icon AltaVista unveils faster, sleeker search engine
      390 21 PALO ALTO, California wwwJlagiiig.Com is targetted at seasoned Internet surfers AP ALTAVISTA Co introduced a sleeker, quicker search engine on Wednesday in a bid to re-establish itself as the Internet's most sophisticated tour guide. The company designed the new engine www.Raging.Corn for what it
      AP  -  390 words
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      Lock icon Going online by GoCode
      34 21 AP [CHARLESTON] The Post and Courier, a newspaper in Charleston, South Carolina, being scanned by the GoCode system. GoCode Inc's system is linked directly to Web sites in Charleston. AP
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    • Article
      Lock icon I LOVE YOU virus
      162 21 AP [HONGKONG] A computer virus spread by e-mail messages titled "I Love You" infected Asian and European computers yesterday. The virus, which appeared in Hongkong yesterday late afternoon, apparently hit public relations firms and investment banks in Asia particularly hard. A Hongkong-based analyst of Nomura International
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    • Article
      Lock icon Microsoft and CAIS to deliver fast Net access to hotels
      270 21 REDMOND, Washington Deal will help MSN portal to take on Taboo and AOL Reuters SOFTWARE giant Microsoft Corp said on Wednesday it was teaming up with CAIS Internet Inc to deliver fast Internet access and its MSN Web portal to
      Reuters  -  270 words
    • Article
      Lock icon 3M licenses fibre technology to 14 Taiwan companies
      577 21  -  Networking makers roped in to posh its standard and develop fibre network- Prom Macabe Keliher in Taipei IN a move to consolidate its standard on fibre-optic data networking worldwide, 3M announced this week that it has licensed its fibre technology solutions to
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  • REGIONAL news
    • Article, Illustration
      Lock icon Telekom chief left because term had expired: minister
      313 22 KUALA LUMPUR AFX-Asia Reuters MOHAMAD Said Mohamad Ali, Telekom Malaysia Bhd's chief executive, was replaced for no other reason than his term was expiring, The Star reported, quoting Energy, Communications and Multimedia Minster, Leo Moggie yesterday. "Mohamad Said has done a good
      AFX-Asia; Reuters  -  313 words
    • Article
      Lock icon Time deal with SingTel now valid till May 11
      416 22 KUALA LUMPUR Sapura has been asked to submit its final proposal for Time group's restructuring AFX-Asia TIME Engineering Bhd yesterday said the validity of the preliminary agreement between the company, Renong Bhd and Singapore Telecommunications Ltd (Sing Tel) has been extended
      AFX-Asia  -  416 words
    • Article
      Lock icon Ekovest in talks on US$4b Johor project
      217 22 KUALA LUMPUR Reuters Bloomberg MALAYSIAN civil engineering firms Ekovest Bhd and Pembinaan Limbongan Setia Bhd (PLS) are in talks to manage a US$3.9 billion (556.6 billion) property project in the southern state of Johor, Ekovest said yesterday. The Danga Bay project is the
      Reuters; Bloomberg  -  217 words
    • MARKET moves
      • Article
        Lock icon Nikko Elec up on Microsoft deal talk
        54 22 Reuters [KUALA LUMPUR] Nikko Electronics (M) Bhd jumped 13.2 per cent to 12.90 ringgit yesterday amid speculation that the company had a large videogame deal. Some 3.1 million shares changed hands, on optimism that the firm had secured a manufacturing contract with US
        Reuters  -  54 words
      • Article
        Lock icon Bank stocks slide
        59 22 Reuters [KUALA LUMPUR] Bank stocks declined on concern the US economy's growth could slow if the Federal Reserve raises interest rates more than initially expected. Malayan Banking Bhd fell 10 sen to RM 16.00. Commerce Asset-Holding Bhd, the second largest banking group, fell 10 sen to RMII.OO.
        Reuters  -  59 words
      • Article
        Lock icon Sanda to offer new shares
        52 22 Bloomberg [KUALA LUMPUR] Sanda Industries Bhd rose five sen to RM1.75. It plans to issue 20 million new shares to repay RM19.4 million (SsB.B million) in debt and pay the costs of the debt settlement. Sanda also plans to transfer its shares to the Main
        Bloomberg  -  52 words
    • Article
      Lock icon Mark-to-market policy could spark crisis: Manila exchange
      557 25  -  Regulator wants investors, brokers to pnt np deposit as collateral Fromi Al Labita in Manila THE Philippines Stock Exchange (PSE) yesterday warned of a crisis descending on the share market should the government enforce a new policy requiring investors and brokers to put
      557 words
    • Article
      Lock icon Lankan stocks hit record low as island put on war footing
      401 25 COLOMBO AP Reuters SRI Lanka stocks plunged to its lowest level ever, after the government put the island on a war footing yesterday. The Colombo All Share Index dropped 1.18 per cent in afternoon trade to its lowest level
      AP; Reuters  -  401 words
    • Article, Illustration
      Lock icon Clinton officials campaign heavily on Capitol Hill for China trade bill
      464 25  -  Prom Leon Hadar in Washington TOP officials of the Clinton administration, addressing the House of Representatives' most powerful committee, said on Wednesday that the White House was determined to apply "intensive enforcement" mechanisms under a US$22 million (Ss3B million)
      AP  -  464 words
    • Article
      Lock icon India to exempt venture funds from tax
      389 25 NEW DELHI But investors behind snch funds won't be so lncky Reuters INDIA proposes to exempt venture capital funds from taxation but the investors behind the funds would be taxed. Finance Minister Yashwant Sinha said on Wednesday. Moving amendments to budgetary proposals for
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    • Article
      Lock icon Hutchison's 3G foray worries rating agencies
      353 25  -  S&P, Moody's cite high risks over huge investments needed hYtmt i Quak Hiang Whai in Hongkong THE major credit rating agencies are showing increasing signs of uneasiness over Hutchison Whampoa's foray into the expensive third-generation (3G) telecommunications networks in Europe. A day after the
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      Lock icon Taipei stocks get govt booster shot
      325 25 TAIPEI Bloomberg Reuters TAIWAN shares closed firmer after the government ordered four state-owned pension and insurance funds to buy stocks in a bid to rebuild confidence. The Taiwan Stock Exchange Weighted Price Index, which had fallen 4.6 per cent the last three days, rose
      Bloomberg; Reuters  -  325 words
    • Article
      Lock icon Indon state firms to take over forest control
      256 25 JAKARTA Reuters INDONESIA, long criticised over the plundering of its forests, will shift control of forestry concessions from private loggers to state companies, Forestry and Plantations Minister Nur Mahmudi Isma'il said yesterday. The private companies will continue to operate the concessions as
      Reuters  -  256 words
    • Article, Illustration
      Lock icon HK mulls guarantee to convert Exchange Fund paper to US$
      345 25 HONGKONG Reuters HONGKONG Monetary Authority (HKMA) chief executive Joseph Yam yesterday said the government was considering issuing an explicit guarantee to convert Exchange Fund paper into US dollars. In his weekly "Viewpoint" article which was posted on HKMA's Web site
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      1134 22 I Ha'»!'«? JI Corporation I Keppel Corporation Limited I (Incorporated in the Republic of Singapore) H Notice of Annual General Meeting I NOTICE IS HEREBY GIVEN that the 32nd Annual General Meeting of the ordinary shareholders of the Company H will be held at the Conference Room of Keppel Corporation
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      163 22 THE SINGAPORE LYRIC OPERA THE SINGAPORE LYRIC OPERA THE SINGAPORE LYRIC OPERA 5 i m in 16 A y M I i O uj Production m /m 1 O m Sigmund Romberg s i a! 77/c Greatest American Operetta of the 1920s... H B Made famous by the voice of
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      101 23 Cindy Crawford's Choice »i?- ?%S&SBi v V Ikttv IfeiMH %f >«6" v||^fl^^^^HE^m^|H^^B -%JHl< '1 1 -MM mm m aaw >. Ihl I JjM jl A. Jfc JHlr. IB iirrti'i^l^^^'''< 4 v'- >; >& -^HSsßg3,• '.n > :-<> ,;t\ >- .*->.•' y* t :T >■ A-y Vg.^js, B V 111 I
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      991 24 1 GOODWOOD PARK HOTEL LIMITED AND ITS SUBSIDIARY COMPANIES (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT 0 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2000 1. Unaudited Profit and Loss Accounts The Croup The Company 2000 1999 Change 2000 1999 Change Ss'ooo Ss'ooo SS'OOO SS'OOO Turnover 106,610 106,798
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      680 24 r HOTEL MALAYSIA LIMITED AND ITS SUBSIDIARY COMPANY (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT (T1 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2000 1. Unaudited Profit and Loss Accounts The Croup Hie Company 2000 1999 Change 2000 1999 Change Ss'ooo SS'OOO SS'OOO SS'OOO Turnover 19,538 18,046 8.3
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  • WORLD news
    • Article
      Lock icon Worker shortage intensifying wage pressure: Fed
      588 26 WASHINGTON Treasury notes extend earlier losses after beige book report fuels rate hike fears Bloomberg THE US economy, now in a record 10th year of expansion, faces widening worker shortages and increased pressure for higher wages, the Federal Reserve said in its latest regional
      Bloomberg  -  588 words
    • Article, Illustration
      Lock icon EU puts brave face on Euro weakness
      599 26  -  UIkMU slump Top priority is to complete process of internal reform f-Yftm I Shada Islam m Brussels EUROPEAN Union policymakers yesterday continued to put a brave face on the failing fortunes of their beleaguered single currency, shrugging off the euro's renewed slippage on
      AFP  -  599 words
    • Article
      Lock icon US urges Europe to strengthen economy
      286 26 WASHINGTON Reuters THE US administration on Wednesday shrugged off the euro's plunge to record lows against the US dollar and reminded its European partners that the only way to help their ailing currency was to get their economies in shape. Offering no hope that
      Reuters  -  286 words
    • Article
      Lock icon Deutsche Bank, Commerzbank post strong profits
      325 26 FRANKFURT Bloomberg DEUTSCHE Bank AG and Commerzbank AG posted bet-ter-than-expected first-quar-ter profit as expansion in investment banking boosted fees from equity transactions and sparked a surge in trading income. Europe's largest bank said first-quarter net income rose 50 per cent to 960 million euros
      Bloomberg  -  325 words
    • WORLD Watch
      • Article
        Lock icon Shell Q1 profit more than doubles
        76 26 Bloomberg [LONDON] Royal Dutch/ Shell Group, the world's second-biggest publicly traded oil company, said yesterday that first-quarter profit more than doubled because of cost-cutting and higher oil prices. The Anglo-Dutch company said profit rose to US$3.l3 billion (555.38 billion) before one-time items and on
        Bloomberg  -  76 words
      • Article
        Lock icon Bank of England holds key rate steady
        85 26 AP [LONDON! The Bank of England yesterday left a key lending rate unchanged at 6 per cent for the third consecutive month. The bank's Monetary Policy Committee last raised the base rate in February, from its previous level of 5.75 per cent. Many
        AP  -  85 words
      • Article
        Lock icon Case to be AOL Time Warner chairman
        75 26 Reuters [DULLES, Virginia] Internet service provider America Online Inc and merger partner Time Warner Inc said yesterday that AOL chairman and CEO Steve Case would be chairman of the combined company. Gerald Levin, Time Warner's chairman and chief executive, will become chief executive
        Reuters  -  75 words
    • Article
      Lock icon Soros sees US$3b redemptions
      188 26 Bloomberg (LONDON] George Soros says he's bracing for as much as US$3 billion (555.2 billion) of redemptions from his hedge funds in the wake of last week's resignation of his top money managers, Stanley Druckenmiller and Nicholas Roditi. "Investors may pull back up to US$3 billion,
      Bloomberg  -  188 words
    • Article, Illustration
      Lock icon Ford, GM pitch their case to Koreans in battle for Daewoo
      414 26 SEOUL Reuters A PUBLIC relations battle between Ford Motor Co and General Motors Corp for the hearts of South Koreans intensified yesterday as officials from the rival US auto giants made their case for taking over Daewoo Motor. But
      Reuters; REUTERS  -  414 words
    • Article
      Lock icon Nasdaq's role in iX to propel European ambitions
      629 27 NEW YORK This will also drive it closer to its goal of bnilding global market Reuters THE Nasdaq, the number two US stock market, says its role in the soon-to-be merged An-glo-German bourse propels its European ambitions and moves it closer towards
      Reuters  -  629 words
    • Article
      Lock icon Dow Chem sued for not revealing Union Carbide's liabilities
      264 27 NEW YORK Bloomberg DOW Chemical Co, which is seeking to buy rival Union Carbide Corp, was sued on Wednesday for failing to disclose to federal securities regulators that Union Carbide still faces huge liabilities from the Bhopal disaster. The suit comes
      Bloomberg  -  264 words
    • Article, Illustration
      Lock icon Prada on tightrope in brand balancing act
      524 27 Reuters AFTER 10 years of growth that has stunned the fashion industry, Prada chief executive officer Patrizio Bertelli now finds himself facing his biggest challenge yet to manage Prada's stable of six brands without tarnishing their appeal. But Mr Bertelli rejects the suggestion
      Reuters  -  524 words
    • Article
      Lock icon Hyundai to raise funds to help trust unit
      445 28 SEOUL Money to be raised may not be enongh, says analysts Reuters SOUTH Korea's largest conglomerate Hyundai Group yesterday mapped out a fundraising plan for its debt-laden investment trust unit, but analysts questioned whether the money would be enough. The plan includes
      Reuters  -  445 words
    • Article
      Lock icon BHP slashes value of its A$2.2b iron project to zero
      364 28 MELBOURNE If it stats plant, another AsLlb will be written off Bloomberg BROKEN Hill Proprietary Co (BHP) has slashed the value of its A 52.2 billion (552.23 billion) hot briquetted iron project in Western Australia to zero as the plant
      Bloomberg  -  364 words
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      828 26 CHUAN SOON HUAT INDUSTRIAL GROUP LTD NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 18 Sungei Kadut Street 2, Singapore *****6 on 29 May 2000 at 4.00 pm for the following purposes: AS ORDINARY BUSINESS 1. To receive and adopt the Directors'
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      203 27 V y introducing the thinkpad 240 celerononly 1.3 kg, under an inch thick, with a real keyboard, real Windows, H real processor and real ports, a real notebook I in an otherwise subnotebook world I power packed Intel* Celeron™ I processor 400 mhz I •64mbram If, 12gbhdd I I integrated
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      522 28 LET THE TRANSLATION UNIT TAKE CARE OF YOUR LANGUAGE REQUIREMENTS Do you need to translate your advertising copy, The Translation Unit is managed by Mr V.T. PR releases, newsletters or even books into Arasu. Formerly the editor of Tamil Murasu, Tamil? With Hipro Printing Pte Ltd, you can Mr Arasu
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      504 30 t Y? B < «-*S''- fjtr'- A< «yf 'C '+<'& < J ✓4" v v !< gßps! vr «•<.*■■■ X %i 4 W V^'-V'.; I THE MOBILE REVOLUTION WILL CARRY YOURS. > r» The mobile digital signature will be your new signature. BROKAT will make it happen. I Wireless you
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      413 31 H ?p r n I be more convenient than ever be- Wireless you can sign from anywhere you want to be. Wireless even on the most important day of your life. poster for an interesting concert. You might elect your next MP while relaxing by the pool or Nothing is
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      227 32 5 s •o 0 X A p Z I**#: sJLslf tll Stzyjs* >'C>~ lv i *#>S< J tv- >v v a --\sS3l ;4.Jitl%l^ j|| s. v >* s \vwS x i^SHNHiH^^'A .>* 1 v\o *T x"v I. M,.' .»j t o liKS«» r ®s> „1L 'H -o 'f«r m W
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  • FINANCE & commodities
    • Article
      Lock icon May futures 5.5 pts down in choppy trading
      175 33  -  SGX Derivatives Tr&dingßeports MSCI Singapore Index Edward Cheung Jardine Fleming THE Singapore stockmarket finished off lower following a weaker Wall Street and US interest rate fears. With institutional investors remaining sidelined ahead of the US Federal Open Market Committee meeting on May
      175 words
    • Article
      Lock icon Futures end volatile session 3 points down
      315 33  -  MSCI Taiwan ftitures Chan Yet San THE Taiwan stock market managed to end just a touch higher yesterday on Finance Minister Paul Chiu's remarks that investors should not lose confidence in the stock market as the fundamentals of the Taiwan economy are still
      315 words
    • Article
      Lock icon Oil flat as strike delays shipments
      234 33 ENERGY REPORT Bloomberg [LONDON] Crude oil was little changed yesterday, near its highest level in a month, as a strike in Norway delayed one-third of shipments from the world's second-largest oil exporting country. "The Norwegian strike is clearly not helping matters," said Lawrence Eagles,
      Bloomberg  -  234 words
    • Article
      Lock icon CURRENCY REPORT
      330 33 Reuters London THE euro was lifted more than a cent from record lows against a broadly robust US dollar yesterday after traders said they saw European cen tral banks buying euros for US dollars on their electronic trading systems. Traders contacted by Reuters said it was unclear whether
      Reuters  -  330 words
    • Article, Illustration
      Lock icon Untitled
      1274 33 NTERBAMK CROSS RATES Sfayj_ AS CS Brob Euro Ffr Dm HK$ Ind Bs Bupiah Yen Won BM NZ$ P«* Bs Peso S$ Band Sfr NTS Bdrt Pound US$ Australia 0.869 4.881 0 659 4.325 1.290 4.580 25.663 46.900 0.642 6.532 2.234 1.203 30.480 24.263 1.013 4.021 1.018 18.*****.602 0.377 0.588
      1,274 words
    • Article
      Lock icon Untitled
      1905 33 8I00M FUTURES May 4 RUBIER (Mmsctataq as at 130p«) R$S 1 CONTRACT (S cents/kg) Close Volume Open Montt High Low Sett (towns) Interest Jun 00 t20.50 300 Jri 00 122.50 300 AM 00 124.50 300 Sep 00 126.50 300 RSS 3 CONTRACT (US cants/kg) Volume Open Month HJqh Low Sett
      1,905 words
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      1306 34 [NOTICES To advertise call 1011-free 1800-741 1883 Fax No: 741 1298 I NOTICE IS HEREBY GIVEN that I, ARTHUR MOSES SABAPATHY of Blk 312 Tampines St. 33 *02-18 Singapore *****2, have applied for a Wholesale Liquor Shop Licence in respect of M/s Paradise Wines Pte Ltd located at 61-Kaki Bukit
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      Lock icon Page 34 Advertisements Column 2
      1837 34 a SembCorp y Logistics SEMBCORP LOGISTICS LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of SEMBCORP LOGISTICS LTD (the "Company") will be held at Function Room, Level 3M, 5 Clementi Loop. ST Logistics Centre, Singapore *****6 on
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  • STOCKS east asia
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      Lock icon HK shares fall 1.7% on Wall Street weakness
      2861 35 HONGKONG AFP n Hang Seng -26X40 HONGKONG share prices dropped 1.7 per cent yesterday as funds dried up following overnight losses on Wall Street, dealers said. "As expected, the market is weak due to a weak performance on Wall Street and a
      AFP  -  2,861 words
    • Article
      Lock icon TAIPEI
      369 35 AFP PjWPMg +5138 TAIWAN share prices closed 0.06 per cent higher yesterday on heavy buying by govern-ment-related funds after the index dropped to this year's lowest point in the previous session, dealers said. The Taiwan Stock Exchange Weighted Price Index edged up 5.38 points to 8,425.38, after a 2.5-per
      AFP  -  369 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon KLCI up on late institutional buying
      458 36 AFP n Composite Index +2J2 THE Kuala Lumpur Stock Exchange Composite Index ended up 0.2 per cent or 2.12 points at 906.67, off a low of 897.69 on late modest institutional buying of key index-linked stocks, dealers said. Volume was 219.36 million shares valued
      AFP  -  458 words
    • Article
      Lock icon Untitled
      9099 36 INDUSTRIALS Cmswmt protects 2000 Last Vol Day Net Cap Hljfc L— CT %tl» *000 Hlfli L— M >■! 420 310 Ajlnomoto 350 unch 3 370 350 19.1 141.9 158 91 Angkasa 96.5 -1.5 30 97 95.5 142.3 670 290 Apollo Food Hlg 555 30 39 560 530 13.2 222.0 3025
      9,099 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      3532 37 Will iMK jktl. BONDS WARRANTS my* II •rati mm/ [ipfer U'M Last M Day KIlMli A*1 lull Can liar Mk Htta W# Lew SIM Cmm Mi COOO) M# Law toyer MMr Na MlbM Ml Uft 80 17 s 3164 Acma W*****4 36.5 -1.5 1945 37.5 31.5 36.5 37 32 41.0
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      Lock icon SEOUL
      311 37 AFP P Composite Index -L 47 THE Korea Stock Exchange Index closed 1.47 points down at 751.29. Volume was 189 million shares worth 2 trillion won. AFP «1< M* Arum Semi ***** 50 Br «M Tech 1140 5 CUltra) Bank 1735 20 ClwIICamin *****0 -5500 Dee Gu Bank 2025
      AFP  -  311 words
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      Lock icon BANGKOK
      785 37 AFP Q SET Index +OJ7 THAI shares closed marginally higher yesterday in thin trade, with foreign investors remaining on the sidelines amid concerns over the direction of US interest rates. The Stock Exchange of Thailand (SET) Index rose 0.17 points to close at 379.97, while the select SET 50
      AFP  -  785 words
    • Article
      Lock icon MANILA
      287 37 AFP Q Composite Index -39.24 THE Philippine Stock Exchange Composite Index fell 2.5 per cent or 39.24 points to an 18-month low of 1,553.34 yesterday. Turnover rose to 3.65 billion shares worth 9.22 billion pesos from 1.5 billion shares worth 692 million pesos. AFP *«t« Peso 000) MRC Allied
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      Lock icon JAKARTA
      707 37 AFP H Composite Index +3J6 THE Jakarta Stock Exchange Composite Index closed up 0.7 per cent or 3.66 points at 538.97 on a volume of 370.8 million shares valued at 465.08 billion rupiah. Advances outnumbered declines 68 to 52 amy! cautious foreign buying following the government's latest review of
      AFP  -  707 words
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      Lock icon WELLINGTON
      288 37 AFP QpE-40 -1124 THE NZSE-40 Capital Index closed down 0.6 per cent or 12.24 points at 2,021.31 on turnover of NZ$76 million yesterday, dragged down by its top two stocks. Carter Holt Harvey lost 11 cents at NZ$l.B4 while Telecom Corp eased 10 cents to close at NZ$B.45. —AFP
      AFP  -  288 words
    • Article
      Lock icon SYDNEY
      569 37 AFP QAU Ordinaries jftj AUSTRALIAN shares finished 1.7 per cent lower yesterday, with sharp falls on Wall Street and in key blue chip stocks locally dragging prices down, brokers said. The All Ordinaries Index ended 50.8 points lower at 3,025.9 while the recently introduced SP/ASX 200 dropped 53.7 points
      AFP  -  569 words
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      3004 38 [NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 ItfS'.r.MlT&T I Keppel Telecommunications I Transportation Ltd I (Incorporated in the Republic of Singapore) l| Notice of Suspension of Exercise of I Warrants 2002 to Subscribe for New I Shares in the Company ("WARRANTS") I To All Holders of
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      Lock icon Page 38 Advertisements Column 2
      979 38 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF LUZON SHIPPING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 15 2-Chome Nakanoshima. Kita-Ku Osaka. Japan on the
      979 words
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      Lock icon Page 38 Advertisements Column 3
      856 38 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF AVOS EQUIPMENT PRIVATE LIMITED (In Members Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at Dalfsen. van Kempenhof 8. NL-7721 WC. The Netherlands
      856 words
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  • Article
    Lock icon STOCKS sqx
    9835 39 SGXMA1NB0ARD Transaction date: May 4 Gt Gr M Wt 52-Wli Last Vol Day List Quota Dlv DW YM Nat Cap Avq H ,h L— StNo Company Sala COOOI High Low Buyar Siller C'vr P/E $mH Prtca MULTI-INDUSTRY 182 95 m c 1000 Acmi 50c 146 cd -3 801
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  • ON THE move
    • Article, Illustration
      Lock icon The foreign talent challenge
      1121 40  -  Specialist expertise will be differentiating factor, says Reuters' new HR chief By 1 Larry Wee [SINGAPORE] WITH the trend towards globalisation in the world economy, Singaporeans will have to accept the unavoidable need for foreign talent, said Reuters' newlyappointed director of human resources operations. Mr Francis
      1,121 words
    • IN Brief
      • Article
        Lock icon RUPERT KEELEY, Visa International
        88 40 Rupert G Keeley has succeeded Dennis Goggin as Visa International president of the Asia-Pacific region. Mr Keeley was previously the head of finance, administration and marketing at Visa International headquarters. Before joining Visa, Mr Keeley was group head of marketing for Standard Chartered Bank's global consumer
        88 words
      • Article
        Lock icon ROBERT DAVIS, ABN Amro
        115 40 ABNAmro Asia Pacific regional office based in Singapore has appointed Robert R Davis as its chief operating officer. It also said that Mathew Hill has joined as vice-president for interest rate trading, global trading unit, together with Tay Kay Khng who will be vice-president of the
        115 words
      • Article
        Lock icon JAMES PAPINEAU, SICEC
        49 40 The Singapore International Convention Exhibition Centre (SICEC) has appointed James L Papineau its deputy general manager (sales and marketing). With 18 years of international sales and marketing experience, Mr Papineau will be involved in enhancing SICEC's position as a venue for international conventions, exhibitions and events.
        49 words
      • Article
        Lock icon ONG HOCK CHUAM, Ogilvy PR/Singapore
        84 40 Ogilvy Public Relations/Singapore has appointed Ong Hock Chuan as its managing director, replacing Tham Kok Wing who joins Asia Inc at the end of May. Mr Ong, head of Ogilvy PR/Indonesia for the past three years, will still manage its operations but a new MD
        84 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Dressing down for the New Economy
      1759 41  -  COVER STORY Out goes the power suit, in comes the polo necks. But as the corporate world tries to dress down to keep in step with the New Economv whiz kids tan su yen discovers that if reaching into the wardrobe for that grey
      PHOTOS BY SIEW YAW HOONG CLOTHES COURTESY OF ZEGNA; SIEW YAW HOONG  -  1,759 words
    • PERSPECTIVE
      • Article
        Lock icon Judge a book by the number of times it is read
        725 42  -  '•laa the cuff J K Rowling has more than earned her place on the literary mantle with her Harry Potter books for what good is so-called great literature if people bny the book bnt don't even read it jaime
        725 words
      • STRAWS In The Wind
        • Article
          Lock icon Plain jogging or Indecent exposure?
          82 42 HERE'S a news story you may not find in the papers: In Hongkong, a doctor who enjoyed jogging in the dark wearing only a silk scarf tied around his waist was ordered by the court to put a stop to his act. He was charged
          82 words
        • Article
          Lock icon Happy Net-savvy Mother's Day
          79 42 YOU'VE got cyberkids, now you've got cybermums. Or so that's what That Web, an email retrieval portal is hoping to achieve with its latest promotion. Compose your Mum a loving message for Mother's Day and That Web will post it on an electronic message board. Yes,
          79 words
    • EPICURE
      • Article, Illustration
        Lock icon Tung Lok's latest joint goes eclectic
        841 43  -  The trademark quality of the upmarket restaurant is still there, despite the humbler surroundings, says jaime ee JAIME EE IF I were a goose whose entire life was spent being forcefed, I don't think it would be too much to ask that my foiegras
        841 words
      • Article, Illustration
        Lock icon A pastry haven in new Time2
        540 43  -  RESTAURANT Baker's Inn takes its French delights to trendy Millenia Walk By Jaime Ee FIRST to Sembawang, then to town That might well be the growing up ditty to de scribe French patisserie Baker's Inn s move from the depths of suburbia to the
        540 words
    • ENTERTAINMENT
      • Article, Illustration
        Lock icon An enigma of a performer
        802 44  -  CINEMA Man On The Moon leaves it to the viewer to work out his own interpretation of Andy Kaufman and his acts By Susan Tsang ANDY Kaufman was an uncompromising performer. In a society where being liked is everything, Kaufman antagonised his audiences, and whereas
        802 words
      • Article
        Lock icon A barbed commentary on sexual types
        549 44  -  CINEMA The Opposite of Sex is a film of overblown yet believable characters with lines to match Parvathi Nayar LOOKS and attitude are a combination that's hard to ignore, as The Opposite of Sex proves. Tightly written, well acted and crisply edited, the film
        549 words
    • BOOKS
      • Article, Illustration
        Lock icon BEHIND THE SCENES Goldman Sachs' IPO
        1288 45 A defining moment in the firm's history, changing the culture and partnership that have shaped its success Goldman Sachs, The Culture of Success By Lisa Endlich Little, Brown and Co $27.71 (Paperback), 326 pages Reviewed by Chuang Peck Ming Goldman Sachs may be the
        1,288 words
      • Article, Illustration
        Lock icon Tips on good housekeeping
        804 45 Home Comforts By Cheryl Mendelson Scribner, 1999, 884 pages, US$35 Reviewed by John Gee I KNOW women who say that they find ironing relaxing. They turn on a radio and lose themselves for an hour in a task which allows them to let their thoughts wander.
        804 words
      • Article, Illustration
        Lock icon An enthusiastic guide to Penang's cuisine, culture
        450 45 Penang Food Odyssey By Yvonne Tan Malaysia, 2000 163 pages, $18.50 Available on order at Times and MPH bookshops Reviewed by John Gee THE first course of this appetising little book sees author Yvonne Tan briefly setting out the history of Penang, followed
        450 words
    • MOTORING
      • Article, Illustration
        Lock icon Twin peaks
        1529 46  -  The Boxster and Elise are poles apart in looks, status and temperament. But they share an almost identical capacity for fun, says CHRISTOPHER TAN CHRISTOPHER TAN THE late karate master Mas Oyama used to beat bulls to a pulp, smashing the skulls of 47 or so of the
        CHRIS LOH  -  1,529 words
      • Article, Illustration
        Lock icon Gutsy sailor takes on toughest yacht race
        868 46  -  PURSUITS Elaine Chua conquers the odds to qualify for British Telecom Global Challenge Hy\ Koh Huiting AS a novice "Topper Level One' sailor two years ago, Elaine Chua was "selling sailboats" for a living when she first got wind of the British Telecom
        CHRIS LOH  -  868 words
    • Article, Illustration
      Lock icon CINEMA
      699 47 All About My Mother. Oscar winning Pedro Almodovar film about losing a loved one, and moving on. And about men who get fitted with breasts. R(A). Yangtze. American Beauty. Screwy look at American suburban life which won five Oscars, including Best Picture. R(A). Bales tier. Beach Road. Body Shots.
      699 words
    • Article
      Lock icon ENQUIRIES AND BOOKINGS
      120 47 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 Yangtze 223-7529 Eng Wah Empress 777-5867 Jubliee 454-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 585-1782 Golden Village 1900-912-1234 332-6098 for group bookings A wheelchair facilities Bishan Boon Lay Marina TampinesS Tiong Bahru Yishun Overseas Mov Clementi/Co'wealth 777-0669 Golden/New
      120 words
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      40 41 —i Hs yi- 4 4u Tung tiL |M fc^P^ Books A behind-the-scenes look at Goldman Sachs' IPO EL 5 IB niw f n I tt t HQ |1 REFINEMENT lw Paraxon Art Antiquities by I Tlie Art Gallery f MnPffPHfymMfpipMMHfMpnaHnMlHßßnnß^WMß^^^HMnM^B^^aM^^^M
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  • Page 42 Advertisements
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      Lock icon Page 42 Advertisements Column 1
      51 42 B V LGA R I The Quadrato SI watch *AJ V X a J ><2 tt 11|l|u j|||p Singapoic. Hilton Hotel 737 1652 Takashimaya Department Store 735 6689 Cortina Watch Centre, Millenia Walk 339 1728 Dickson Watch Jewellery, The Promenade 732 8900 Centrepoint 734 582 2 Suntec City Mall 336
      51 words
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      Lock icon Page 42 Advertisements Column 2
      61 42 CAST YOUR VOTE: Go to theßTOnline Web site (business-times.asial.com.sg) and take part in the interactive poll based on this column. RESULTS OF LAST WEEK 'S POLL: What would encourage Singaporeans to have more children? Subsidised sex videos 32.3 per cent No more foreign maid levy 17.6 per cent Free childcare
      61 words
  • Page 42 Miscellaneous
    • Miscellaneous
      Lock icon Page 42 Miscellaneous Column 1
      152 42 CRYPTIC CROSSWORD DOWN 1 Couple allowed to make 15 Clean up and upset the Aus- YESTERDAY'S SOLUTION iewellerv (8) tralian's Englishman (3) Aero®* 1 Shrinking violet, 9 Rejeweueryvo; duction, 10 Thame, 11 Brain, 12 2 Submerged position of ce- 17 Whole eternity blown to bits Harnessed, 13 Lettered, 14 Fianrtiiia,
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  • Page 43 Advertisements
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      Lock icon Page 43 Advertisements Column 1
      32 43 Tung Lok Seafood Gallery 1000 East Coast Parkway Blk R. Second Floor (fiehind McDonald s) Singapore *****6 Tel: 246-0555 Baker s Inn 9 Raffles Boulevard 0123/24/25 Millenia Walk Singapore 0:***** Tel: *****12
      32 words
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      Lock icon Page 43 Advertisements Column 2
      85 43 i .'I n\ e*?m v p DISCOVER k|H THE PLUS SIDE OF SMALL Voice Activation activates up td 9 J v Quick Access functions and voicedial up to 2 5 NAMES. VOICKNaTCS"* jp 5 RECORDER* REGISTERS UP TO 3 MINUTES o Or A TWO-WAY CONVERSATION OR PERSONAL MEMO DATK/TIM»-«TAM»» FOR
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      Lock icon Page 44 Advertisements Column 1
      635 44 Where to wine, dine and entertain..: s <•)» ism*®* Savour the distinctive mix of and tastes of Singapore. Feast on the exciting spre. (of *0" local dishes we have for you such as Nasi Lemak, j Tauhu Goreng, Tandoori Fish etc. V A Do expect a change in our daily
      635 words
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      Lock icon Page 44 Advertisements Column 2
      158 44 'Hi**! bi^r I i i rcs l oysters, delectable if •iikSNwkw\ lobsters, savoury honey-glazed ham, U S Prime Rib of Jfr Beef and many more mouth- watering dishes to leave you spoilt tor choice *1?* jjDINING iil 'BEST Lunch: 12 noon 2.30pm Dinner: 6.30pm 10.00pm Reservations: 831 -6271/88 «UtttH\trift ([J
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      13 45 222 1333 Knight W 16 Raffles Quay #30-00 Hong Leong Singapore *****1 FfSflk
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      Lock icon Page 45 Advertisements Column 2
      126 45 Jr MAN AND MACHINE. lb t JVBt TUNTLjnr motor active lifestyle 68 Orchard Road #B2 24 Plaza Singapura Singapore *****9 Tel (65) 339 3358 339 3316 Mon Sun 1 lam to 8 30pm Fat loss is more important than just weiqht loss" Scotts Rood #04 37 Shaw Centre i /r.
      126 words
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  • Page 47 Miscellaneous
    • Miscellaneous
      Lock icon Page 47 Miscellaneous Column 1
      2000 47 TODAY'S TV RECOMMENDED VIEWING Central o^^ AT(^ ay 9.00 AM Kids Central: The ill- MB Lunch. Grandpa's a BjJW"SW s?gßs&i fatheragain Two boys stay with their 1000 Sn§D^ie UCk/SCOOP IS ™e A S Editorial/ Strict grandma and a 10.30 Tweenies Asia Beyond. FatheroftheßrideH, sweet aunt during WWII. £0° *>V 3-S
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    • Miscellaneous
      Lock icon Page 47 Miscellaneous Column 2
      261 47 RADIO John Dryden, BBC, Fri, programme which includes a 2.08pm contribution from the Prince The 300 th anniversary of the of Wales. He has invited all death of the English poet five lecturers to his home in John Dryden is the occasion Highgrove to discuss how for a special feature,
      261 words
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  • EXECUTIVE money
    • PERSONAL INVESTMENT/FINANCE
      • Article, Illustration
        Lock icon Have we got startups
        883 48  -  Calling all e-angels. bowtieAsia.com invites you to come online and pick a startup, or subscribe to a venture fund, oemuviuve cua finds out more GENEVIEVE CUA IF YOU'RE unfazed by the recent corrections in technology stocks and funds and remain keen to take a bet on
        883 words
      • Article
        Lock icon Fund manager, venture capitalist, what's the difference?
        506 48 JUST what does venture capital investing have to dc with the professional fund management business? If you're a veteran fund manager like Madeleine Lee, almost everything In the last 15 years until June 1999, Ms L«e's job was to decide on just which
        506 words
      • Article
        Lock icon A good plan today...
        1187 48  -  rrr»l!Tmoney is definitely worth your while, as shifting responsibilities, an ageing society and wider investment choices create greater needs for financial sonl-searching ben fok The writer is a manager at Fraser Securities. He can be contacted at email: benfok afraser.com. sg AS we enter a new
        1,187 words
    • PERSONAL INVESTMENT
      • Article, Illustration
        Lock icon No head for risk? Stick to vanilla CPF
        401 49  -  COVER STORY With volatility high and sentiment poor, it makes sense By Genevieve Cua IF your risk appetite is low, keeping your money in your CPF Ordinary Account, earning the minimum 2.5 per cent annual interest rate, makes "all kinds of sense",
        CHRIS LOH  -  401 words
      • Article
        Lock icon STOCK WATCH: AUSSINO.COM
        198 49 LIM Kuang-Leong, Anthony, the chairman of Aussino.com distributor of lifestyle soft home furnishing products has been actively acquiring shares of the company in the past month. Mr Lim and his spouse, Madam Molly Lim, acquired a combined 2.56 million shares from March 22 to April 27. The
        198 words
      • Article, Illustration
        Lock icon Sentiment this week (Apr 25 – May 3)
        101 49 Sentiment this week (Apr 25 May 3) llZWli]=l markets The insider index closing at +34.9 points this week, up 3.8 points from the previous week's close of +31.1. Buying activity rose with ail four buy factors recording increases of between 40.2 per cent and 165.2 per cent from their 12-week
        Source  -  101 words
      • Article
        Lock icon Directors on bullish side
        613 49  -  Heavy bnyback activity seen, while Capital Gronp starts to re-invest By] Robert Halili The writer is director of Asian Ownership Research at Primark THE Singapore insider sentiment remained in semi-bull-ish territory with the index closing at +34.9 points this week, up 3.8 points from the previous
        613 words
      • Article
        Lock icon Top tech stocks and an old economy survivor
        877 49 m^iwA\dea~ CSE set to rise, SFI is sound, and fatter margins seen for Fqptsu CSE CSE Systems Engineering has hit the expansion trail. IDEAglobal.com thinks that the stock, which has taken a drubbing in recent months, looks set to rally. A systems
        877 words
      • Article
        Lock icon ACU DEPOSIT RATES Offered by various banks (as at May 3, 2000)
        1428 49 Deposit amount 1-mth &-mth Depoeil «mount 1-wth >flrth g-mth DBS Bank HSBC AS S10.000 A24 999 5 5300 5 6500 5 7900 25,000 74,999 4 8750 ***** 5 5000 A25 000 A49 999 5 5500 5 6700 5
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    • Article
      Lock icon Red alert for CPF funds
      729 50  -  Returns on CPF-approved unit trusts and ILPs were sharpiy lower in Q1 than in Q4 last year And corrections in global and Asian stocks are likely to bite further in the months ahead GENEVIEVE CUA reports GENEVIEVE CUA IF you've invested your Central Provident Fund
      729 words
    • Article
      Lock icon How your fund fared
      1346 50 CPF-approved unit trusts Performance evaluation summary for periods ending Mar31,2000 1 g -OTO t e o* e p* i s LU 5 LU t-0C r~T 1-cc C M 5 si as gs s si si a 1 §g 25 <5 s5 I li g I ii
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      313 51 Bridge News Reuters THE dry cargo freight market was generally lethargic due to holidays in the Far East, although panamax rates were at least steady in the Atlantic and probably slowly improving. However, capesize activity was limited in all areas, which was reflected in a fresh 17-point loss
      Bridge News; Reuters  -  313 words
    • Article
      Lock icon MARITIME STOCKS
      306 51 sex 'ooo M»r« S> <M CWJ Distribution 0.87 -O.Ot 73 Chuan Hup 0-38 0.01 535 Cosco Investment 0.18 unci) 10 Freight Links 0.26 unch 204 GB Holdings 0.65 0.04 9 Hal Sun Hup 0.35 0.01 221 IMC Hokfings-HK 5.60 unch 0 Jaya Holdings 0.17 unch 207 KappelCorp 3.88
      306 words
    • Article, Illustration
      Lock icon Human smuggling a rising concern for shipping
      612 51  -  The old-time stowaway less of a problem, says US immigration officer By] Donald Urquhart [SINGAPORE] The dramatic rise in human smuggling is a major concern for the shipping industry, not the old-time stowaway, says a Singapore-based US immigration officer. Assistant officer in charge
      FILE PHOTO  -  612 words
    • Article, Illustration
      Lock icon Short-lived maiden voyage
      60 51 [SOUTHAMPTON] P&O's new cruise liner Aurora returning to Southampton port in southern England just 15 hours after setting off on her maiden voyage. The new £200 million (***** million) cruise ship was forced back after experiencing problems with an overheating propellor shaft bearing off the French coast.
      AFP  -  60 words
    • Article, Illustration
      Lock icon NOL appoints ex-US maritime official as senior adviser
      286 51  -  Byi Ann Toh [SINGAPORE! Neptune Orient Lines (NOL) has appointed ex-US Federal Maritime Commissioner Hsu Ming Chen as its senior adviser for shipping policy, hiring another foreign talent under its corporate restructuring. NOL group president and chief executive Flemming Jacobs said in
      286 words
    • Article
      Lock icon World shipbuilding market still in crisis: EC
      385 51 AFX-Asia [BRUSSELS] The European Commission said its second monitoring report has found the world merchant shipbuilding market still in crisis with few indications that this situation will improve. The report analyses the market situation and analyses a series of contracts undertaken by South
      AFX-Asia  -  385 words
    • Article
      Lock icon French bank ordered to pay up for vessel
      830 51  -  ADMIRALTY CASEBOOK By Selva Kumar A French bank, which failed to honour its letter of credit although documents evidencing the sale of a vessel was presented to it on three occasions, has been ordered to pay up by the English Commercial Court
      830 words
    • Asian recovery
      • Article, Illustration
        Lock icon China's ups and downs
        549 52 Major shipping companies do poorly but port operators report rises in earnings Reuters [SHANGHAI] Earnings for China's listed shipping firms were buffetted by provisions for bad debts last year, but Asia's economic recovery helped port operators steam ahead, company officials said. Two regional shipping firms with
        Reuters; FILE PHOTO  -  549 words
      • Article
        Lock icon P&O Stena posts Q1 loss
        211 52 Bloomberg [LONDON] P&O Stena Line, a ferry joint venture owned by Peninsular Oriental Steam Navigation Co of Britain and Sweden's Stena Line AB, reported a first-quarter operating loss of £6.9 million ($lO.B million), because of the abolition of du-ty-free sales within the European Union and
        Bloomberg  -  211 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      307 52 PAGE ECU Line 6 ani 3 ESP Lines 13 Accord 8 Evergreen 6 Ahrenkiel 14 FooogSun 8 Appenship 5 Frt Links M AsiaOCL 13 CL 4 Austral 8 Gemartrans 6 Avant 14 Genslipg 13 B'tang Mas 8 Global 13 BSA 7 Glory Nav 14 BTL 14 HaiSunHup
      307 words
    • Article
      Lock icon SHIPPING GUIDE
      21037 59 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser vessel Voyaqe Telephone ETA ETA Advertiser Vessel Voyaqe Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 16/05 30/06 NYK IVO 024N 65 2****** To ABIDJAN (ABJ) 2003 Cote D'lvoire 23/05 30/06 nyk iwato 022N 65 *****23 52
      21,037 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        695 65 vessel Voy No Berth Arrival Departure JWMf Pert irojicjl 34 05/00 J15 04/05/9:55 04/05/1740 &«wng Sari 05/00 J19 04/05/820 05/05/8:00 Putrinandah2 kUy-Ol J03 04/05/8:40 04/05/19-00 M Mi*-03 J01 04/05/9:30 04/05/23:59 *qw Lucky 9J02 04/05/8:55 04/05/18:00 Inl225 J02 04/05/7:55 05/05/22:15 Bt M May-04 J01 04/05/12:00 04/05/23 59 Gol n
        695 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1968 65 RECEIVING OF EXPORT FCL CONTAINERS AMP LCI CAR6Q Booklnq/Balwxc Rstli Ship Voy No Etb/Btr Period from To From ACNICVM TO 7/2100 1* 04/HM 04/1459 ovnoo ovnoo 04/1*5* 04/1*00 2A 04/1700 05/0*5* 0V0*00 21 04/1700 05/0*59 05/0*00 i ovotoo os/rn* ow4oo 4 05/12M 05/MS* 05/I7M Al FARANM C07*£ 4/100
        1,968 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        182 65 MayS Thailand: Coronation Day. May 11 Hong Kong: Buddha's Birthday. May IS Thailand: Royal Ploughing Ceremony. May 17 Thailand: Visakha Bycha Day. May 18 Malaysia: Vesak Day. Singapore: Vesak Day. May 19 Denmark: Great Prayer Day. May 29 United Kingdom: Spring Bank Holiday. May 31 Brunei: Royal Brunei
        182 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        784 65 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 mar ket. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        784 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        490 65 Carton 180 Max 9912 0.6 15.4 0.09 >9 0.05 Apr 27 Density Niter NtMw Ask AtaaMm Siteiit No above £25 2 0 1 0 3 0 380 Aive 986.3 02 0.0 0.07 37 0.03 (juaa 380 Max 991.4 0.9 17.4 0.09 71 0.06 M*t1 %WV %*M
        490 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Air Canada cuts first quarter loss to C$36m
        459 66 Traffic, revenue gains offset partly by a 15% rise in total operating expenses Bloomberg [MONTREAL] Air Canada, the country 's largest carrier, said its first-quarter loss from operations narrowed by 16 per cent because it flew more passengers over longer distances and
        Bloomberg; FILE PHOTO  -  459 words
      • Article, Illustration
        Lock icon Airlink's first Dili flight
        60 66 [DILI, East Timor] United Nations Civilian Police Officers look on as passengers get off from a 36-seat De Havilland Dash-8 Airlink's first commercial flight into East Timor yesterday in Dili, the capital of East Timor Airlink is a subsidiary of Qantas Airlines which plans to begin
        AP  -  60 words
      • Article
        Lock icon Lufthansa denies reports of plan to buy PAL
        118 66 AFX-Asia [MANILA] Deutsche Lufthansa AG said reports that it is interested in acquiring Philippine Airlines (PAL) are rumours". "They're only rumours. There's nothing in it," a Lufthansa spokesman said, adding that "there have been no negotiations". Philippine Airlines chairman Lucio Tan, who
        AFX-Asia  -  118 words
      • Article
        Lock icon Czech airline to choose between two alliances next month
        301 66 Bloomberg [PRAGUE] CSA AS shortlisted two international airline alliances the Czech national airline may join this year to strengthen its regional position, officials at the Ministry of Transport said State-owned CSA chose Wings, an alliance led by KLM Royal Dutch Airlines
        Bloomberg  -  301 words
      • Article
        Lock icon Brazil airline pact may need antitrust approval
        186 66 Reuters [BRASILIA] Brazil's antitrust body, CADE, said it may require two leading Brazilian airlines TAM and Transbrasil to apply for approval for a planned operational agreement CADE president Gesner Oliveira said that under Brazil's anti-monopoly laws, agreements cannot be made without approval if
        Reuters  -  186 words
      • Article, Illustration
        Lock icon Vain wait
        72 66 [FRANKFURT] A woman waiting in vain for her train early yesterday morning in Frankfurt, Germany, as members of the German labour union for public service, transport' and traffic (OETV) went on a warning strike. Germany's main cities' public transport employees went on strike, causing tens of thousands coming
        AP  -  72 words
      • Article
        Lock icon Hawaiian Air adviser talking to potential buyers
        333 66 Shares of Hawaii's largest airline up 12% Bloomberg (HONOLULU] Hawaiian Airlines Inc yesterday said a financial adviser hired to weigh strategic alternatives has contacted potential investors or buyers for Hawaii's largest airline, sending its shares up 12 per cent "The stock is awful
        Bloomberg  -  333 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1792 66 CITY flltWT ro FU6MT OB Adelaide AN8230 1050 AM229 2230 G*angzhoa S0803 1910 C2352 0910 LHKW 1850 LH6380 2230 "351 2045 SOW 1020 S0230 1850 S0229 2230 Hmkx VNS0741 1310 ¥****** 0905 Amsterdaa S023 0645 ****** 0040 S0VK175 »30 SOWI76 1035 *1.9165 1330 ****** 2255 1
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      1337 52 I NORTH AMERICA I I EXPORT 1 I OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS DIRECT TO LONG BEACH WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) wsa vot tnsa row ugßiHg dauas Houston oocagq wxtom wncoon vtssa vor pBTI wounutl acajutu miloobco coto rroiuwi wtwvßnwu am" OOCI AMERICA 43E519 10/15
      1,337 words
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      Lock icon Page 52 Advertisements Column 2
      742 52 Lines services represented by KWm&\ Members of the Registry of Members of ibe W&J) Accredited Shipping Agents, W n^a P ore Logistics n£«»» 2/ Singapore Shipping Association Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAMPIER/FREMUNILE MV "TBN" ETA SIN 29/05/2000 BOOKINGS CALL MONKA/JUUA TEL 323 4374
      742 words
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      Lock icon Page 53 Advertisements Column 1
      1198 53 TO EUROPE FROM EUROPE rasa vot I a r» m mm wv sou fxt uh I jvcsa vqy 1 »tm ajni ham irv sou fit leh sm HY FEDERAL 324W 8/OS 26/05 27/05 31/05 24/05 HYMGHNBS 3231 14/04 15/04 12/04 4/05 THAMES S6IW 11/05 03/06 31/05 01/06 29/05 TYNE 5361
      1,198 words
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      Lock icon Page 53 Advertisements Column 2
      1671 53 ®H ANJIN SHIPPING jik FI •keWr.Lo. -So*. *****30 HANJIN SHIPPING (S) PTIITD hfip //mm hoqw -am IOOUNG *****35 737 SAIfS *****74 73t DOCUMENT *****71 774 OKUTKMfi *****50 751 MAIN UNf *****55 FAX <*****5 ONO **********0 M TO NW USA CANADA USA CANADA' R* vu/vor MM s* um hau/vot STI nw
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      Lock icon Page 53 Advertisements Column 3
      449 53 VESSEL VOY_ SIN KG VOY SIX HKG KEL USK PUS [VESSEL I VOY I SIX 1 HCG I VESSa I VOY ISMI JW I 0»T( UISAN QMS OS/B5 12/05 14/05 14/05 17/05 jjffi HVp} U'ffH ffltll Wtl *aWOIfT 0151 04/05 10/05 11/05 mSfflU 3% ?KQS 72/05 IHYUWDAJ SPBMTB S|S 12/05
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      1556 54 DSR-SENATOR LINES TO UK/CONTINENT TO MEDfIT^KRANEAN/CANAPA Vtssa VOY MN UH HTM AHR HAM MV FIX Mta VOT SIN 6fT SPt FOS ~W.C MTB HANJM (EELUNG 0074W KIB 2106 »K SK MOB «06 PALERMO SENATOR MNW 11 05 21« 3B 06 m OH 10« HANJM OSAKA 0063W 09 06 21 OS
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      Lock icon Page 54 Advertisements Column 2
      756 54 ■IAA mac-NELS S'POAE M'SIA CarrieK MN CONTR LINES, INC p. gudang:(ot)3BB3726 [-IVy \2_J MO: SIBU: (084)*****9 MANILA: (632)*****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT: (21) *****45 KUOHNG(OB2) *****1-3 HO CHI MINH GENOA/BARCELONA MV "HAW BHUM" V.379N MV "EVER GUEST" V.0746 ETA SIN:
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      735 54 EXPRESS CONTAINER FEEDER FOR N SHEVA (CFS MULUND MUMBUCOLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VKMI S PORE N SHEVA COLOMBO PKLANG TULSIDAS ¥124 07 MAY II MAY 2* MAY M MAY CAPE CREUS VIO6W 14 MAY 23 MAY 27 MAY 12 JUN CAPE CANAVERAL VI23W 21
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      1969 55 IVKSfI. VOY W6 KHH SIN PKL I t>Xfc I U DAM MX I IRAN BAAKERI PCLIS3 05/05 03/05 09/05 10/05 20/05 21/05 23/05 25/05 IRAN HESABI PCL-154 12/05 14/05 19/05 20/05 28/05 29/05 31/05 02/06 IRAN SHAHRYAR PCI 155 19/05 21/05 26/05 27/05 04/06 05/06 07/06 09/06 IRAN BAABAEI PCL-156
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      1350 55 NEW SERVICE 1 MKECT TO COIOMtO I I* 5 DAYS I X EYIIY WIDMISDAY J I GENERAL AGENTS IN SINGAPORE: 80 ROIINSON RD TEL 226 1900 FAX: *****08 OUTWARD (l/L) *****02 JOHORE OFFICE; COSTAR SNIPPING PTE LTD #12-00 SALES/BUGS *****57/43 INWARD OCPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BND
      1,350 words
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      1390 55 EUROPt EXPRESS SERVICE EXPORT IMPORT VBSft vor .SM I ifll rri .m ham wy .Ri vcsa voy «tm kam fix leh sin HJ OSAKA 053 V* 09 05 J6 05 28 05 79 05 30 05 3' 05 01,04 HJ OSIO 0041 13 04 15/04 14 04 70 04 '07
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      783 56 EUMOPf/UK/SCANOINAVIA/FINLAMD/RUSSIA SBRVICtS EXPORT VESSEL/VOYAGE ISCP ROM HIG THP ZEE ANW IMV E GENERAL RWO7O HW 28/05 30/05 31/05 1 01/04 E. DIAMOND RW 013 _U/05_ 01/04 03/04 05/04 04/04 I 07/04 07/06 E DELUXE RW 015 T7I/0S 07/04 T 09/06 1 11/04 17/04 Jj3/04jj3/04 AISO ACCEPTING CARGO TO AND FROM:-
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      338 56 Ik—rt Vtiwl Vorop UM Ik U< Dm M U Ni« UNI ACTTVE *****77W 08/05 12/05 1//05 11/05 IMS 20/05 UNI PHOCNIX 0173 003* 09/0S 13/05 19/05 19/05 72/05 74/05 YINHE 0177W 12/05- 23/05 74/05 21/05 UNIASS£NT M*****W 15/05 H/05 24/05 25/05 24/05 27/05 UNI ASSUKJ *****10# 14/05 70/05 24/05 74/05
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      811 56 f »P|l PACIFIC INTERNATIONAL UNES (PTE) LTD 1 I SgSSSSB? Mni 140 Ceat Street. #03-00 PIL Building, Singapore *****0. CR NO *****6700Q0E Ilvtssti »qt rw sm *1 a srp M m Mwmhg mi WJNGATBATAI7 177 4/5 U/S 71/5 JA/S l/* UPMAOTiAUA rfj ~I7T" 20 5 MM «5i -ffiKOT> StMPtMA DUOS*
      811 words
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      413 56 50 TEL OK BLAH GAM ROAD *02-02 CfTIPORT CEIfTRE SPORE *****8 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W wssa VOY Ett ETD QESTMTON MABUKWA *****0 87/*****0 *****000 PKL BALAM INABUKWA 19 7000 11TOTOOO 12'*****0 PALEMBANGPKL BALAM IKAGURI 04 7000 1**5.7100 15tl5?000 PONTUNAK ILMAMUI 04/2000 1705
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      421 57 mm MYANMA pHHk FIVE STAR LINE W (Myanmar National Line) Loading for Yangon V(SS(I VOT SIN PKI PIN PGU HP* AN 267W SU> SAGAJNG 66W SID MALAYSIA AGENTS: KXISTIAO SHIPPING AGCNCIES KUL TIL (03)*****00 PKL TEL (03) *****01 PEN: TIL (04)2****** PGU: Til (07)*****21/4 BANK LINE (A service of Andrew
      421 words
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      1337 57 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. IVKSB VOT SM SOUlial RTM I ANT I HAM 0»V IVKSa VOT SOU LEH RTM ANT HAW MV fa ISM LA LOME S34W 05/05 26/05 27/05 21/05 23/05 HT WOMBS 3231 12/04 H/04 15/04 11/04 06/05 HYFSXHAL 324W 00/05 31/05 24/05 25/05 27/05 TYW
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      647 57 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT SERVICE" VISSII VOT 11 AMP HEIGHT SIN lIC DUO MIA SAV ML ORF NYC NCW IMM TARONGA AHOIO 400 Tons 6.3 M 09/05 09/06 17/06 20/06 22/06 24/06 25/06 27/06 01/07 06/07 TAIKO AHOII 400 TOM 6.3 M 26/0$
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      1804 58 BANOKOKjMAP TA PHUT/LAEM CHABANO JAKAHTA/PAN J AMQ WW VOY I MI IMM I MTF I LCH VtSStL VOT SW I JKT I PJN MBUBI IMS WL_ gf, n Y Z »nHA »mJM- 334N 07/05 10/05 U/05_ fl* g£{ f Mm 110£ QIZOS 11/05 U/05_ jjffifljfi 1% OTPS IVOS »*NI IHUM
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      55 61 DIRECT CALLING SIN/HUANGPU. tk XIAMEN, SHEKOU T Il|%||b( HUANGPU, XIAMEN. I SHEKOU/SIN See Page 5 Daily See Page 14 COSTAR SHIPPING PTE LTD EAGLE CORPN. (PTE) LTD 1 EASTRANS LINES (S) PTE LTD Singapore Pte Ltd BOMBAY/ Providing You With More LIEUf nci Than 90 Direct Ports of Call DELHI
      55 words
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      49 62 I In! I I IMI mon( I MfW m VOTIIII p/u. Ijn phu pw. sw p*mj pad M cmr qui hou kw win 135 I 03/05 06/05 04/05 01/05 01/06 05/0* 12/0* 11/0* 13/06 I W l|j| 16/05 06/05 13/05 10/05 15/05 IS/05 19/05 16/06 70/06 27/06 26/06 21/06
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      52 62 11 METROPORT SHIPPING SDN. BHD. K4 SINOKOR MERCHANT iMnROPOm kkm lifiat. ***** Ftrt K\m% Sitawor bmnd Hw, WE MARINE CO., LTD. LgSBSaaJ r„: *03 *****62 f«* FARWIDE SHIPPING AGENCIES PTE LTD EXPORT M: 221-M22 (S lines) Fax: 224-1514 PRI: PORT RUNG SIM: SINGAPORE HRG: HONG KONG USN: UISAN PUS: PUSAN
      52 words
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      52 62 SHIPPING* WAREHOUSING •atom: Singapore lauding Daih Mon 10 Sat (BATAMINDOI/III) Accepting HH X\)tnenD<inal/Pmject/Heav\ Lift Cago Reefer Omumer Binton: Singapore I wading Mon. Wol f-n (BATAMINDO II) Acxepung HH X'lwnetiDtwial/Pniject Heav\ Ijft ('ago TeJ: 227 0322 Fax: 222 9330 Batamwdo Shipping WarekovsMg Pfe Ltd Ik »«pf«l Nw! ff (igt. *01-51 Tli|n
      52 words
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      1015 63 SSAMUDERA SHIPPING LINE LTD 72 Ail mm Road, *06-01 to 03, Singapore *****1 MAIN LINi/OUTWARD: 532 3AM INWARD (WD): 437 2360 IMPORT STATUS (DID): 437 2378 INVENTORY (DI0): 437 2420 http://www.samudora.<om CB NO. *****6****** BOOKINGS LINE: 535 6266 (Celio/Jessica/Mei Chon/Jeslynn/Pora/Hanim) 8 SLGS/WEEKLY llTfiMj!g4!M 3 SLGS/WEEKLY I VOY I SWI JAI
      1,015 words
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      1026 63 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I WQ I MM I JUT I sw KW I roc CWI I »0« I mi I Wl I Otf I UV I IKW I TMI I HOU I HOiCH MINIRVA /MS* M/OS_ _Ij/OS_ JR/OS 20 05 31/05 27/05 06/06 09/0* 05/07
      1,026 words
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      721 63 NSS. *N6 IB SHIPPING CO PTE LTD I M 533M7S (4 Umi| hi: S)3M)I/S3MtM ttlh ISMttOOOOOt vessel vor sin fta sinetd destination Unon Sttr 23 4/00 05/05 OA/OS Bonprmcsir Bonwc SmrCwWl S/00 OS/OS 04/0S Ouno.T Bau/Pwmwng UnrntSimlO 4/00 OS/OS 07/05 Muorc Bnjrw Ungul Joyo S/00 OS/OS 07/05 Buoron W* UnonSm32
      721 words
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      619 64 VESSEL VOY SIN MAASIN| TIGER BRIDGE 796N 11 14/06 I TIGER METRO 797N 0900/05 15-1&05 23-24/05 I TIGER STAR 798N 12 13/05 18-21/05 26-27/05 I TIGER RHYTHM 799N 16-17/05 22 25/05 3a31«5 I TIGER BRIDGE 800N 19-20/05 25-2805 02 0306 I TIGER METRO 801N 29 01/06 06-07,06 I I~ VESSEL
      619 words
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      1206 64 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) DUBLIN 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 HEAVY LIFT CARGO James Leong *****98
      1,206 words
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      1150 64 For booking I enquiry coll *****80 ,/pY Website: http://www.Md.cMi v USA tM®?t SGPIGI M MEMNttrtOtjl Import MEM ifYC HOUONICI SGP 00(1 AMEIKA ***** 10/05 24/05 31/05 01/06 01/06 31/05 I OOCI AMHKA 47WSIS 11/04 12/04 13/04 14/04 It/04 07. 05 OOCt (AllfOtKU 45R20 17/05 07/04 07/04 08 06 08 06
      1,150 words
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      89 64 REGULAR SERVICE TQ INDONESIA ETA ETD DESTINATION CHAHAYA VICTORY 0&05 09/05 JAKARTA TBN 1005 12/05 PALEMBANG/PONTIANAK/ ME DAN PANGKAL BALAM (EAST TIMOR) REGULAR SERVICE EX YANGQN (MERGUI 4 SITTWE) JUBILANT 15/05 2005 VISAK/CALCUTTA CHAHAYA STAR 20/05 25/05 MADRAS/CHITTAGONG VISAK/CALCUTTA REGULAR DIRECT CONTAINER BREAKBULK SERVICE TO PORT LOUIS A DURBAN EXPORT
      89 words
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  • Page 65 Miscellaneous
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      120 65 Ik LEGEND: Issued by Meteorological Service Singapore K Thunderstorm Showers o Rain Temperature C„/ Wind direction and speed in knots Cloudy Day Wealher Hazv Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds j j J—One halt tleche represents 5 knots 1
      120 words
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