The Business Times, 12 July 2000

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Total Pages: 48
1 48 The Business Times
  • 10 1 THE BUSINESS TIMES M1TA^536A***** SINGAPORE WEDNESDAY, JULY 12, 2000 85*
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  • 76 1 Dsn 2407.06 (+8.97) BT-SRI 812J6 (+3.34) ST INDEX FUTURES 2,(96.00 (-2.00) SMSCI FUTURES 278J0 (+0.10) STOCK MARKET INDICES Tuesday Change KLSE COMP ***** +7.92 NIKKEI 225 17,***** -68.32 HANG SENG 17,359.66 +120.99 SET INDEX 826.72 -0.90 JAKARTA COMP 612.82 +4.15 MANILA COMP *****8 +551 TAIPEI WPI 8,158.63 +3.96
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  • 79 1 FOBEX BATES US$ SI USS 1.741 £(US$/S$ per 1515 2.637 El!RO(llS$/S$/E) 0.954 1.662 DM 2.060 0.850 YEN 106.9 1.628 RM 3800 0.458 HK$ 7.796 0523 BAHT 3997 0.044 RUP1AH 9,335 0.019* St to 100 units PRIME RATES SINGAPORE* 5.80 KUALA LUMPUR 7.S7 JAKARTA .39.4)0 BANGKOK 9.90 MANILA 1100 HONGKONG
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  • 825 1  -  BTIsVmiMWJ Fond is making room for the current volatile political climate in Indonesia From\ Shoeb Kagda in Jakarta THE International Monetary Fund (IMF), recognising that the Indonesian government is facing a daunting task, is adopting a softer approach when it comes to
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  • 587 1  -  Only pore-play Net firms and those with mainly online business eligible By Andrew Wee [SINGAPORE] Singapore's best and brightest dotcoms can shoot for a place on a new ranking launched yesterday by The Business Times and Andersen Consulting. The inaugural
    CHRIS LOH  -  587 words
  • 602 1  -  BTU'WIIUWJ All non-Internet nnits to be converted or else span off By* Toh Han Shih [SINGAPORE] Acma Ltd. a diversified listed company with business running from restaurants to refrigerators, is switching wholesale from the Old to the New Economy. "Eventually we will be
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  • 470 1  -  sBTiaiMIIUmJl Offers can go np to as high as $150,000: market sources By 1 Marissa Chew [SINGAPORE] Buyers of homes in The Teneriffe, which sold like hotcakes last week, have been offered about $50,000 to resell their purchase options. Market sources say that
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  • Page 1 Advertisements
    • 90 1 INSIDE Top Stories J fe A. 1 Simon Cheong teams up with fashion doyen Tina Tan-Leo. Next Page New speculation on DBS Land, Pidemco merger. Pg4 Ipco to spend $200 m on leap into the New Economy. Pg 7 profit up 5.6%. Pg 9 Prudential's loyalty plan cardholders to get
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    • 13 1 Bad, bad week for regional currencies and it may not be over yet
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    • 49 1 Jakarta most rethink policy on private debt, Pg 14 Bad week for regional currencies, and it may not be over yet, Pg 30 Acma's Internet web l_ ij _l n_.; E3SSISSSS3 (IT products) ■aiSiSUdl HQQD UQQBSSI (broadcasting (hiring Russian (books) (online (property) equipment) I engineers and scientists) learning) I
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    • 46 1 Financial EjV contract yi or moral cjl I First of all, the concept of contracts is so deeply imbued in this culture that people find it hard to believe that I don't have a fixed-term contract, which I don't. DBS Bank chief, John Olds Pg 4
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  • NEXT page
    • ON THE grapevine
      • 87 2 When it comes to food, Singapore has, shall we say, its unique ways. Merchant Court Hotel's Ellenborough Market Cafe has this ruling: If you patronise it as a group, those who have its buffet must sit at a different table from those who order a la carte. We
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      • 263 2 THIS came via e-mail, quoting verbatim what was in Monday's Sydney Morning Herald: "An employee for Ansett Australia, who happened to have the last name of Gay, got on a plane recently on one of his company's 'free flight' programmes. However, when Mr Gay tried to take
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      • 72 2 AN official at a multi-industry company which was recently nominated for an award on being one of the most transparent companies was approached to give a comment on transparency. It took his company about three hours to come back with a motherhood-type statement. Small
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    • 1215 2  -  OCBC companies, Venture Manufacturing, HPL stand out in poll of analysts, fund managers Ity< Catherine Ong [SINGAPORE] The OCBC stable of companies. Venture Manufacturing and Hotel Properties Ltd (HPL) topped the list of least transparent companies in Singapore in a poll of investment analysts
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    • 475 2  -  BTMIHUHWJ Buyers of L&dyhill condo will get tips on furnishings and finer aspects for their homes By] Kalpana Rashiwala [SINGAPORE] In a first for the Singapore property market, Simon Cheong's SC Global Developments is teaming up with fashion doyen Tina Tan-Leo of the
      FILE PHOTO  -  475 words
    • 473 2  -  Getting Personal By Corinne Kerk Who: Janice Yeo, chief executive officer, Ezyhealth Asia Pacific Age: 45 Claim to fame: A pharmacy graduate, Ms Yeo has worked as a pharmaceutical marketing manager, started publications such as Medical Grapevine a lifestyle magazine for doctors
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  • Page 3 Advertisements
    • 334 3 ortunate indeed is that rare individual GS3OO eliminates reverberations from front and rear. who is perfectly at ease in his own skin. For he is And a precision hydraulic- filled engine mount invariably at home in the world. His air of prevents the gentle hum of the motor from seeping
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  • Page 4 Advertisements
    • 579 4 PNCQ/VATEtoOUsE(OOPERS i Letters of Credit are important financing instruments in import/export transactions. A badly opened letter of credit exposes the company to risks, financial loss, higher cost and bank charges, delays in arrival of goods and more. Similarly, for the beneficiary of a badly opened letter of credit, payment for
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  • SINGAPORE companies
    • 695 4  -  DBS chief explains how talk about his departure came about By\ Siow Li Sen DBS Bank chief John Olds yesterday said it was probably Singaporeans' obsession with contracts, and the fact that he does not have one with the bank, that
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    • 729 4  -  Merger seen as not involving a general offer by the ST group for DBS Land tiy Kalpana Rashiwala DBS Land's move to adopt in ternational accounting standards has once again sparked speculation that this may be a precursor to a merger
      FILE PHOTO  -  729 words
    • 187 4 FIRST Capital Corp yesterday said that it will not be returning Century Square mall, securitised last June, to its balance sheet. The company would not follow the footsteps of DBS Land, which said on Monday it will return three office buildings it securitised
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    • 910 4  -  HOCKPTTgffOTI paul thompson DBS Land's announcement that it has decided to adopt international best practice in the preparation of its accounts is a landmark decision for the property sector. It sends a clear signal to international investors that one of the biggest
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    • 654 7  -  Renamed NneViz, it will venture into telecoms, e-biz and technology By Conrad Raj IPCO International Ltd is planning to spend over $200 million over the next 12 months or so to transform itself from an Old Economy infrastructure and construction
      Source: IPCO  -  654 words
    • 407 7  -  Proceeds of $8.7 m will be used to repay short-term loans By Eugene Low BRC Asia, a prefabricated steel reinforcing solution provider, is offering 143.2 million shares at 25 cents each in its initial public offering (IPO). The public will be able
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    • 356 7  -  NEW LISTINGS Byl Kenneth Lee SINGAPORE-BASED telecommunications solutions provider iSoftel Ltd has received in-principle approval for a listing on the mainboard of the Singapore Exchange (SGX). Incorporated in 1998, iSoftel provides integrated solutions combining voice switching and call management systems. Its clients are
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    • 413 7  -  Local IT systems integrator posted profit before tax of ,$5.9 m in FY99 By Tang Weng Fai LOCAL IT systems integrator, Stratech Systems Pte Ltd, has received in-princi-ple approval for a listing on the mainboard of the Singapore Exchange. Founded in 1989 by David
      FILE PHOTO  -  413 words
    • 279 9 Markets nnder consideration are M'sia, Indonesia, India, M-East Bloomberg APOLLO Hospitals Enterprise Ltd. In dia's largest healthcare company, said it may decide in August to form a joint ven ture with Singapore's Parkway Holdings Ltd to target Asia and the
      Bloomberg  -  279 words
    • 478 9  -  $11.87 m gain helped by higher revenue and profit margins; this year's prospects very good, says group By Serena Ng BOOK publisher and retailer Popular Holdings yesterday posted a slight 5.6 per cent rise in full-year net profit to $11.87 million, helped by
      FILE PHOTO  -  478 words
    • COMPANY Briefs
      • 97 9 Reuters [BANGKOK] DBS Thai Danu Bank said yesterday its second-quarter results would offer a pleasant surprise, and it expects its rate of non-performing loans (NPLs) to fall to around 20-25 per cent by end-year from 38 per cent now. Deputy president Howard Choo said
        Reuters  -  97 words
      • 70 9 AFX Asia NEW Wave Technologies said it has received in-principle approval to list on the main board of the Singapore Exchange. It said it expects to list within a month. The company distributes electronic components and provides e-commerce and information technology services. In the
        AFX Asia  -  70 words
      • 48 9 AFX-Asia SOMERSET Holdings (formerly Liang Court) said associate Meridian Atlantic Sdn Bhd has agreed to sell an office space in Penang to Arab-Malaysian Credit Bhd for 7.84 million ringgit (553.5 million) as part of the group's strategy to divest non-core assets. AFX-Asia
        AFX-Asia  -  48 words
    • 110 9 Reuters MERRILL Lynch has cut its earnings forecast for SembCorp Industries by 7 to 8 per cent because the firm is unlikely to achieve its 20 per cent growth target Merrill said yesterday that SembCorp s net income is now forecast to be at $143.4 million
      Reuters  -  110 words
    • 446 9  -  Second fond manager to sell index-linked nnit trusts here By Serena Ng COMMERZBANK Asset Management (CAM) Asia yesterday made its first foray into Singapore's retail market with its launch of a string of seven global sector index funds, becoming only the second
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  • Page 5 Advertisements
    • 419 5 -^/i^v ''isv" 'frJt ~M *Wmr -fwjß&ik ;^fg|EyMMßß^M|M^^^MM^^M^^^^M|M^^MMP^WMM|^M^^^^B ife^ JtSUiSSKffe*-.. i "I||M rt 'A* j All insurance companies charge you pretti®!!; j f|9H| K Only one helps you to pay them. Wm^^mMUm^my' IBhMWi i«S jt§ m m. it P> K- > Jkh&c jml 4 yi 'jl A a* |mL| faa# A|S|
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  • SINGAPORE markets
    • 515 6 Stocks Volume Goodpack 1c 80,277,000 Achieva 5c 47,425,000 CEI5c 37,076,000 MediaRing 10c 28,437,000 Juroog Tedi 10c 20,702,000 LafeTech US4c 17,903.000 AirOcean 5c 14,977,000 AddvalTech 2.5c 12,620,000 CSC Hldgs 10c 12,334,000 DBS Land 11,805,000 Stock* DBSGrp 50,839,742 City Dev 50c 50,123,844 OUB 48,174,225 Goodpack 1c 45,436,555 PacificCentury 34,686,690 DBS Land 30,374,500
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    • 564 6  -  STOCKS r. sivanithy A rebound in DBS Group's share price and a late push on Singapore Telecom shares helped the Straits Times Index to finally break through the 2,100 barrier yesterday. But as far as the rest of the market
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    • 197 6  -  WARRANT WATCH By\ R Sivanithy THE property sector has been neglected for some time but it looks like it is gradually returning into play, if the recent moves by DBS Land and City Developments are anything to go by. The longest-dated
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    • 214 6  -  HOT STOCK Byy Wong Wei Kong SHARES of Lian Beng Group rose in active dealing yesterday, with the stock finishing among the session's most heavily traded issues. Lian Beng closed up 1.5 cents or 3.26 per cent at 47.5 cents. The stock yesterday opened
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    • 137 6 ♦PAN Pacific Public Co said it has acquired 300,000 shares of $1 each at par ofP3.Com Pte Ltd. Such shares were formally held by Ezyhealth Asia Pacific (200,000 shares) and the management staff of P3.Com (100,000 shares). Hence, P3.Com is now a wholly owfted subsidiary of Pan Pacific
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  • Page 6 Advertisements
    • 253 6 I Bl( BRC Asia Limited (Incorporated in the Republic of Singapore on 14 December 1938) INVITATION IN RESPECT OF 143,200,000 ORDINARY SHARES OF $0,025 EACH COMPRISING 37,000,000 NEW SHARES AND 106,200,000 VENDOR SHARES AS FOLLOWS:(A) 14,320,000 OFFER SHARES AT $0.25 FOR EACH OFFER SHARE BY WAY OF PUBLIC OFFER; AND
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    • 73 6 YOU CAN NOW PUT YOUR CPF SAVINGS IN EIGHT. important All applications for units in eight must be made on the application forms accompanying the prospectus investors must read ttie prospectus The value of the units and the income from ttiem may fall as well as nse >X< IH VSBAMC
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  • Page 7 Advertisements
    • 1009 7 The Royal Bank of Scotland pic M Incorporated in Scotland Head Office: 42 St. Andrew Square, Edinburgh, EH2 2 YE. V w Singapore Branch: 6 Battery Rood, #27-01, Singapore *****9 The Royal Bank of Scotland pic and subsidiary companies The Royal Bank of Scotland pic and subsidiary companies H Consolidated
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  • Page 8 Advertisements
    • 390 8 To achieve your dreams, you need grit. Determination. Patience. And of Make further investments. Or you could even redeem this stored Eaampic of monthly c*penscs: course, you need the Dreams Card. Whether you're shopping at the cash at any of our participating merchants. Mefctam A Sp«it t cashßack ISmed supermarket
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  • Page 9 Advertisements
    • 366 9 2 I z I Sign up for the Prudential Dreams Card and get a free Motorola VBOBB WAP-enabled mobile phone. At Prudential, we're always looking for ways to help you make your dreams come true. And for a start, we're giving away this free state-of-the-art handphone. All you have to
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  • SINGAPORE news
    • 472 10  -  Prudential Dreams Card to cost Pru, StarHnb, Motorola $50m-s6om By i Conrad Raj PRUDENTIAL Assurance Company's policyholders in Singapore can have the latest WAP (Wireless Application Protocol) mobile phone with Internet access for free if they sign up for the company's
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    • 576 10  -  Cheaper than SingTel's Budget Call it'll be carried over managed networks By Teh Hooi Ling STARHUB yesterday announced the launch of a budget international calling service which is 20 per cent cheaper than Singapore Telecom's Budget Call but will be up
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    • 304 10 GROWTH is not the issue for the Singapore economy in the short term, but underlying structural changes in the longer term are, says SG Securities in its latest quarterly economic review on Asia. In its view, the strong growth momentum in the first half
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    • 171 10 Delivery of the Singapore Gazette, a free monthly newspaper published by Free Market Media (FMM), will be extended to 17 housing estates by September. Currently, the newspaper is delivered to 10 neighbourhoods, including Bukit Batok, Bukit Panjang, Choa Chu Kang, Jurong
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    • 490 11 Act with honour, instead of starting coarse under false pretences, it says THE government sees its scholarships as carrying a moral obligation, and any scholar intending to break his bond should resign from his scholarship now, the Public Service Commission, the
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    • 359 11  -  DBS Land bags Upper Serangoon site for $162.5 m Hy' Teh Hooi Ling THE Urban Redevelopment Authority (URA) has rejected the two highest bids for residential sites in Geylang and Kim Keat Road as being too low. Meanwhile, DBS Land has
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    • 569 11 It also has to nnrtnre culture of innovation, enterprise THE civil service must be more open and responsive, and it must nurture a culture of innovation and enterprise, Deputy Prime Minister Lee Hsien Loong said yesterday. Speaking at the opening of the
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    • 250 11 BUKIT Sembawang Estates is returning to the market with the second phase of the freehold Mimosa Terrace, two years after launching the first phase of the development. Its wholly-owned subsidiary Singapore United Estates will launch 30 units of three-storey terraces under the second
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  • Page 10 Advertisements
    • 128 10 v Exactly how did all those dot-coms make a name g|- for themselves? In search of an identity on the exploding Web, Ip more than 22,000 e-businesses a day register a Web address with Network fpTV «s«'*K>®|, Solutions. Creating the structure that helps differentiate the dot-coms and K .«&V' $Ss»*.
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  • Page 11 Advertisements
    • 47 11 the dot-orgs is their job. Advising Network Solutions on its merger with VeriSign was ours. At $17 billion it's the largest Internet merger to date. A new identity, a new economy. The same ambition, the same fervour. I work for J.R Morgan. w f J P Morgan
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  • MAIL bag
    • 338 12  -  Mrs Elaine Swin-Tan Assistant Director Corporate Communications for Permanent Secretary Ministry of Manpower WE refer to the article by Vikram Khanna, "What the IMF thinks of the CPF" (BT, July 3). The CPF is a comprehensive social security savings plan to meet the retirement,
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    • 212 12  -  Leong Sze Hian I WAS looking at a Citibank Car Loan repayment schedule for a $65,000 loan over seven years at 3.9 per cent flat (effective rate 7.13 per cent). The monthly instalment is $985.05. After 19 months, the loan balance outstanding shown in
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    • 434 12  -  Narayana Narayana I HOPE I shall be forgiven for intruding into the debate between Geraldine Low ("Unit trust 'cooling off period a setback". Mailbag, July 6) and Jocelyn Lee ("Must S pore investors get burnt just to learn?", Mailbag, July 8) 0\ cr the last
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  • Page 12 Advertisements
    • 245 12 We welcome letters. E-mail us at btietterQsph. com. sg or fax us at *****71, or write to: The Business Times, Times House, 390Kim Seng Road, Singapore*****s. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in
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  • Page 13 Advertisements
    • 1670 13 I ■X -i -w J I Bringing Speech mmm imTj I SPEECH AND LANGUAGE: The market for translation services is also growing very convenient way to access the web as well as carry out Today you can talk to your THE FUTURE IS HERE quickly. Allied Business Intelligence, an industry
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  • EDITORIAL & opinion
    • 783 14  -  M23IOHIHMI OPINION shoeb kagda The writer is BT's Jakarta correspondent CAN Indonesia survive the summer of 2000? From east to west, the country is again in the grip of rising violence. Sectarian killing continues in the eastern Maluku islands; there is rising social
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    • 82 14 'Cross-border alliances are just dinosaurs mating.' Andrew Hilton Centre for the Study of Financial Innovation, lAndon, on stock exchanges merging to survive. This dead-of-night strategy is a short-term tactic that has short-term results. For the large, institutional investors, it doesn't work one bit Bad news is bad
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    • 632 14 EDITORIAL ONE of the most significant aspects of the G-7 finance ministers' meeting in Fukuoka was the unusually strong endorsement that financial leaders from the world's largest economies gave to the concept of regional cooperation. By so doing, they removed at least one major constraint
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    • 1213 14  -  Half of the market capitalisation of siP 500 could be technology by second half of the decade By Edward Yardeni The writer is chief global economist and investment strategist, Deutsche Bank Securities ONE of the many sources of productivity is Chinese food. My
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    • 467 14  -  COMMENT ART Byl Chakravarthi Raghavan The writer, chief editor of the South-North Development Monitor published daily in Geneva, contributed this comment to The International Herald Tribune THE United Nations "social summit" ended in Geneva recently with governments of the richest nations again avoiding any
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    • WHAT THE OTHERS SAY
      • 262 14 ANALYSTS believe the resurgence of militant groups and cults in several Asian countries the Falungong in China, the Moro Islamic Liberation Front in the Philippines and the Free Aceh Movement in Indonesia have partly been prompted by the sluggish response of governments to the winds of change.
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  • Page 15 Advertisements
    • 614 15 High performance All-in-one modular notebook Ultra slim notebooks notebook wtth 20XCD Rvy 4X4X2C) Travel Mate 521TE Travel Mate 341T Travel Mate 347T Travel Mate 602TER 'yrgy-"*" Intel® Pentium® 111 processor 600 MHz InteP Pentium® 111 processor 500 MHz Intel® Pentium® 111 processor 650 MHz Intel® Pentium® 111 processor 650 MHz
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  • REGIONAL news
    • MARKET moves
      • 74 15 RESORTS World the operator of the sole casino in Malaysia continued to be lethargic despite the recent bargain hunting activities across the board. The counter closed unchanged at RM 10.30 yesterday. The counter may ease further as investors are not too happy with its plan to use
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      • 98 15 MALAYSIAN Airline System jumped 12 sen to RM3.52 on growing expectations that it will get the nod from the government to raise domestic fare after a long hiatus. However, the national carrier may not get the full fare hike of 50 per cent that
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      • 66 15  -  Compiled by Eddie Toh MALAYSIAN Resources Corporation Bhd rose 34 sen to RM2.89 yesterday but the counter is still a long way from its high of over RM4 in April. The utilities and property group has been rumoured to be interested in new activities like banking and
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    • 499 15  -  Time meets with its creditors today to get nod for debt restructuring Pra/m Diana Oon Abdullah in Kuala Lumpur THE market reacted positively to news of Time Engineering's sale of a stake in Time dot Com to national investment company Khazanah
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    • 125 15 KUALA LUMPUR AFX-Asia TRANSPORT Minister Ling Liong Sik has filed a RM2OO million (5591.4 million) defamation suit against the lawyer of businessman Soh Chee Wen over a debt claim, The Sun newspaper reported. Dr Ling alleged that Krishna Kumar, Mr Soh's lawyer, caused
      AFX-Asia; FILE PHOTO  -  125 words
    • 540 15 KUALA LUMPUR But govt is sticking to its full-year forecast of 5.8% Reuters MALAYSIA'S economy is estimated to have expanded by about 9 per cent year-on-year in the second quarter of 2000, Prime Minister Mahathir Mohamad said yesterday. But Dr Mahathir, in
      Reuters; AP  -  540 words
    • 652 16 MANILA Senior SEC official feels case against brokers, investors weak Bloomberg A SENIOR Philippine regulator called into question key evidence in the nation's biggest insider trading scandal, undermining a nine-month investigation into BW Resources that seemed close to conclusion last week. In
      Bloomberg  -  652 words
    • 62 16 [JAKARTA] Opec president Ali Rodriguez (left), former Opec secretary general Subroto (centre), and Indonesia's Mines and Energy Minister Susilo Bambang Yudhoyono at a news conference in Jakarta yesterday. Mr Yudhoyono told an industry conference in Jakarta that Indonesia also had the capacity to increase
      REUTERS  -  62 words
    • 465 16 KUALA LUMPUR It will buy 4 property firms from 2 major shareholders PROPERTY developer Mustapha Kamal and his partner P Kasi are to inject their substantial property assets worth nearly RMI.9 billion (*****.5 million) into their listed vehicle. MK Land Holdings Bhd, The
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    • NOTE Book
      • 59 16 Reuters [BANGKOK] Thailand, Indonesia and Malaysia have agreed to set a minimum rubber selling price, Thai Deputy Agriculture Minister Arkhom Engchuan said yesterday. "The plan is to prevent buyers from further suppressing prices that each country separately sells at in the world market." Mr
        Reuters  -  59 words
      • 55 16 AFP [JAKARTA] Indonesian MPs yesterday agreed to delay by a week, to July 20, the questioning of President Abdurrahman Wahid over his decision to sack two ministers last April. The decision was taken in a parliamentary session after a request by the president to
        AFP  -  55 words
      • 61 16 Reuters [JAKARTA] The Jakarta Stock Exchange might delist 11 firms, including five from the Texmaco Group, because the companies had failed to submit audited 1999 financial reports by a July 8 deadline. "If the firms fail to meet the requirement by 15 days,
        Reuters  -  61 words
      • 70 16 Reuters [BANGKOK] Thai consumer confidence last month was at its lowest since November 1999 due to higher oil prices, weak commodity prices, a bearish stock market and political uncertainty, a survey said yesterday. The University of the Thai Chamber of Commerce said in its
        Reuters  -  70 words
    • 589 20 BEIJING Old fears about China trusts return; their fund raising could be affected Reuters CHINA said yesterday it was studying how to repay holders of a samurai bond after a provincial-level trust defaulted, raising old fears about the quality of Chinese
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    • 496 20  -  SINGAPORE byl Tay Hong Seng The People's Bank of China has projected that the number of credit cards issued in mainland China will hit 200 million by 2003 while a more upbeat Visa's China chief representative, Albert Shiung, believes that number
      AFP  -  496 words
    • 454 20 KUALA LUMPUR Hope to close debt restructuring body by year-end Reuters THE chief of Malaysia's Corporate Debt Restructuring Committee (CDRC) said yesterday that corporate reforms had caused minimal losses to firms and he hoped to close the agency down by the end
      Reuters  -  454 words
    • 378 20 JAKARTA AFP HEAVY media exposure has forced the Indonesian government to return to square one in its efforts to negotiate a possible return of any ill-gotten wealth held by former president Suharto, a report said yesterday. Mines and Energy Minister
      AFP  -  378 words
    • 202 20 BANDAACEH AP UNIDENTIFIED men yesterday attacked and burned two oil tanks in the depot of a company controlled by former president Suharto's youngest son, police said. There were no casualties in the pre dawn grenade attack on PT Aromatic, a subsidiary of the Humpuss Group,
      AP; REUTERS  -  202 words
    • 360 20 BOMBAY Bloomberg INFOSYS Technologies Ltd, India's second-largest software developer by market value, said its first quarter profit doubled, beating analysts estimates, helped by new customers for e-commerce software. The software maker, which helps Franklin Resources Inc sell its funds online in Europe, said
      Bloomberg  -  360 words

  • Page 16 Advertisements
    • 161 16 ft 5 \v. r k '> ,*.*■< < < .%t 4 < \«»>/ •< V, v' «-<s»*' M I "g' I. Garlic farmers in I/' 4 C A V China threaten „>' A WM\- South Korean mobile phone industry. China has recently lowered the price of garlic exports opens up
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  • eNews
    • 640 17 NEWDELHI Investments worth billions of dollars planned to tap the huge entertainment market and fast growth in software industry Reuters INDIA'S hunger for entertainment, a liberalised expansion of telephone networks and dizzying growth in software are together driving a boom in bandwidth investment. With
      Reuters  -  640 words
    • 771 17  -  Ex-Indian army officer GS Sareen tells toh haw sbb about Ms company's plans to go global TOH HAN SHIH MINDT R A C COM is a Singapore dotcom founded by a former Indian army officer who had seen military action. What he does
      ARTHUR LEE  -  771 words
    • 714 18 BONN It offers to buy US-based mobile phone company Voice Stream Bloomberg DEUTSCHE Telekom AG has offered to buy Voice Stream Wireless Corp for more than US$3O billion (Sss2 billion), the Financial Times said. Voice Stream shares rose as much as 13 per cent in
      Bloomberg  -  714 words
    • 397 18 NEW YORK FT AS cash-strapped dotcoms reduce their spending on advertising, there is growing concern that there could be slower growth ahead for Internet companies that depend on online advertising revenues. The issue has started to worry investors, as shown by recent
      FT  -  397 words
    • 470 18 SYDNEY Firm does not think telco stocks have recovered enough Reuters THE planned As 2 billion (552.06 biUion) float of mobile phone behemoth Vodafone Air Touch pic's Australasian unit Vodafone Pacific Ltd, put in the icebox after April's technology stock slump, was still sidelined,
      Reuters  -  470 words
    • 100 18 [NEW YORK] David Bohrman, chief executive ofPseudo Programs Inc, who heads Pseudopolitics.com, holding a 360-degree camera in his New York office on Friday, that will be used at political conventions to stream live footage over the Internet. Mr Bohrman's Web site plans
      AP  -  100 words
    • e Briefs
      • 72 18 Bloomberg [FRANKFURT] Siemens. Germany's biggest electronics company, and DG Bank said they have agreed to a partnership to offer banking services such as stock trading and subscribing for initial public offerings via mobile phones. The two companies said they will invest a "triple-digit" million euro amount
        Bloomberg  -  72 words
      • 82 18 Bloomberg [SAN FRANCISCO] Oracle Corp chairman Larry Ellison's New Internet Computer Co began selling its US$l99 (*****) computers, an effort to market stripped-down devices to connect to the Web and e-mail at a lower cost than traditional computers. The new computers are designed to give
        Bloomberg  -  82 words
      • 70 18 Reuters [PARIS] French consumer electronics group Thomson Multimedia and US data storage maker Seagate Technology said yesterday they had formed a 50-50 joint venture to make components for interactive televisions. Thomson Multimedia chairman Thierry Breton told a news conference that the two companies would invest
        Reuters  -  70 words
      • 56 18 Reuters [HONGKONG] Tom.com, controlled by Li Ka-shing's Hutchison Whampoa Ltd and Cheung Kong (Holdings) Ltd, said it launched 12 "vertical" lifestyle Internet portals in mainland China yesterday. The company said in a statement that the 12 portals, in simplified Chinese, would help tom.com to tap
        Reuters  -  56 words
      • 83 18 Reuters [LONDON] Investment bank EPO.com said yesterday it was launching Britain's first ftiUy online flotation of a new company. It said that in its ground-breaking electronic initial public offering, or EPO, dental-care company Oasis Healthcare Pic was selling up to 24 million shares on
        Reuters  -  83 words
      • 70 18 FT [LONDON] A satellite phone company backed by Bill Gates and several other US private investors will aim to offer high-speed Internet access anywhere on the planet The US$3l5 million (Sss4B million) investment in ICO, which was rescued from bankruptcy last year, poses a direct
        FT  -  70 words
      • 94 18 Bloomberg [TOKYO] Crosswave Communications Inc, a joint venture of Sony, Toyota Motor and Internet Initiative Japan, said it filed for an initial public offering in the US to raise more than US$3OO million (Sss2l million). Crosswave will be the second Japanese company tp trade
        Bloomberg  -  94 words
      • 74 18 Bloomberg [MUMBAI] Infosys Technologies, India's second-largest software developer by market value, said first-quarter profit for its financial year doubled, beating analysts estimates, as it added 32 customers, including J Sainsbury. Net income in the three months ended June rose to 1.26 billion rupees
        Bloomberg  -  74 words
    • 246 18 TOKYO Reuters JAPANESE electronics maker Toshiba Corp said yesterday it would jointly develop liquid crystal displays (LCDs) with Microsoft for portable electronic devices that can download books from the Internet. Toshiba and Microsoft will develop specifications for 7.7-inch colour low-temperature polysilicon thinfilm transistor (TFT)
      Reuters  -  246 words
    • 462 18  -  SINGAPORE By' Tay Hong Seng CHINA has launched a project to link seven million enterprises with the world in three years' time. Dubbed the "Enterprises on Line Project" (EOL), it will be jointly organised and implemented by the State Economic
      462 words
  • Page 17 Advertisements
    • 128 17 at Grand Hyatt Taipei Bf I t (And they say money can't buy happiness) ,•1 fit I t M i Jgjfeft W jpp? From June 15 to August 31, 2000, at Grand Hyatt Taipei, we're offering the same levels of Hyatt luxury 1 r or U P to 4 0°/°
      128 words


  • Page 19 Advertisements
    • 35 19 Just one year and we're already making waves. l f»,;. «f£V v *t < w^r^" iJ -;PsS3WHWfciWßWaSßBg^r^^^^^.... ~&mmc&-.~.* I v BK«»»».„ y l I V« "at cOoj j j c f Changing The Way You Invest
      35 words

  • Page 20 Advertisements
    • 21 20 ifMtjHEB 1 Jiiii r Uuuiiliui "iinui I»]nhHlii I I^Vl«l^CRA^^«nnl«v^Of^hor^oinpi!nl«^wlStt«Jii^ I TODAY©fc^sl I UanheZaobao DelGro has no luck property investment Q» I'JS
      21 words

  • Page 21 Advertisements
    • 473 21 mmmmm HMHsih #v'^f Everybody needs healthcare. So why not invest in it? ITMITFn Young or old, we ail need outperformed the S&P 500 Index 1 it might be construed that Morningstar) healthcare fund in USA 3 j~\ JL j healthcare. Indeed, our reliance investing in healthcare could be 'just what
      473 words

  • WORLD news
    • 612 22  -  World's top 10 companies based on revenue dominated by car firms By Kenneth Lee FOR the fourth straight year, US car giant General Motors topped Fortune's annual ranking of the world's largest corporations, which ranks companies based on revenues. Wal-Mart
      612 words
    • 325 22 LONDON Helen Walton worth 46b euros, more than next 4 pnt together AFP Reuters HELEN Walton, the 81-year-old widow of Wal-Mart store founder Sam Walton, Is the world's wealthiest woman, worth more than the next four richest women put together, according to British monthly Euroßusiness.
      AFP; Reuters; AFP FILE PHOTO  -  325 words
    • 434 23 LONDON New online exchange backed by 11 investment banks, fond managers is called Virt-x FT TRADING in the shares of Switzerland's top companies is set to move to a new marketplace based in, and regulated from, London. SWX, the Swiss stock
      FT; REUTERS  -  434 words
    • 371 23 LONDON Offer said to beat thatofKohlberg Era vis Roberts Bloomberg SCHRODERS pic's venture capital arm and two partners offered as much as US$2.4 billion (554.2 billion) for E.ON AG's electronics unit, beating a bid by Kohlberg Kravis Roberts Co, people familiar with the
      Bloomberg  -  371 words
    • 271 23 WASHINGTON Reuters Bloomberg US Treasury Secretary Lawrence Summers said on Monday that banks based in so-called "tax haven" countries should expect tougher US scrutiny than banks based elsewhere. "Banks based in tax havens...will have to comply with more rigorous requirements
      Reuters; Bloomberg; AP  -  271 words
    • 413 23 TOKYO Reuters JAPAN scrambled yesterday to revise an unpopular plan to use taxpayers' money to bail out department store Sogo, with the top financial regulator suggesting authorities may go after Sogo shareholders. "We need to consider whether this is feasible,"
      Reuters  -  413 words
    • 261 23 MELBOURNE Reuters CHASE Manhattan Corp said yesterday it had offered to buy the 54 per cent of Australasian investment bank Ord Minnett owned by Ord Minnett staff, valuing the whole group at As2oo million (US$2O6 million). Ord Minnett joint chief executive Gordon Fell
      Reuters  -  261 words
    • 433 24 LONDON Capital spending will be raised to USsl3J>b a year over next 3 years Reuters OIL giant BP Amoco pic yesterday embarked on a new expansionist era underpinned by its trio of cost-cutting takeovers and by crude oil price strength.
      Reuters  -  433 words
    • 479 24 LONDON They are red-hot but experts say a major shock is on the cards Reuters CORPORATE Europe has never had it so good when it comes to raising funds by selling bonds, but some of the world's biggest investors are coming to the conclusion
      Reuters  -  479 words
    • 228 24 PARIS Bloomberg VIVENDI SA, the French media and water company that agreed to buy Seagram Co, reduced by 14 per cent the amount of stock in the initial offering of its utility unit because of "market circumstances", suggesting lukewarm demand from investors.
      Bloomberg  -  228 words
    • 240 24 Reuters [LONDON] BP Amoco is to sell its onethird stake in the 285,000-barrels-per-day (bpd) Singapore Refining Company (SRC), BP Amoco refining and marketing chief executive Doug Ford said yesterday. The sale is part of its global plan to shed 500,000 bpd of
      Reuters  -  240 words
    • 592 24 WASHINGTON AFP Reuters REGARDLESS of what the economists say, recruiters and business owners across the US have been saying it for months: there are simply not enough workers to go around. From technology professionals to summer lifeguards, companies are facing the
      AFP; Reuters  -  592 words
    • 493 24 PARIS Government to build a new school for its officials to combine classes, research LATWP FRANCE has decided to send its governing elite, including its redoubtable diplomats, back to school to learn how to cope with
      LATWP  -  493 words
    • 52 24 [LONDON] The Queen Mother arriving at St Paul's Cathedral, in central London with the Prince of Wales, directly behind, and Prince William, yesterday. The Royal Family are attending a Service of Celebration and Thanksgiving to commemorate the Queen Mother's 100 th birthday, which falls next
      AP  -  52 words
    • 356 24 LONDON Bloomberg FUND managers worldwide are shifting money into US stocks and out of Asia amid concern about an economic slowdown, Merrill Lynch Co said. The highest proportion of money managers are buying US stocks, cutting their holdings of Japanese equities and selling shares
      Bloomberg  -  356 words
    • WORLD Watch
      • 77 24 Bloomberg [WASHINGTON] Inventories at US wholesalers rose twice as fast as sales in May, due to rising stockpiles of imported cars, machinery and electrical equipment, government statistics showed. Wholesale inventories increased 0.8 per cent to U*****.8 billion (***** billion) after rising a revised 0.9
        Bloomberg  -  77 words
      • 84 24 AFP [ROTTERDAM] Anglo-Dutch agrifood group Unilever said yesterday it had agreed to sell its European baked goods business to Dutch food company CSM for 700 million euros (551.16 billion). Unilever is selling its European Bakery Supplies Business for cash and free of debt, the company said
        AFP  -  84 words
      • 115 24 AFP [COLOGNE] Dresdner Bank, the third-biggest bank in Germany, is considering filing a suit against Deutsche Bank, the bigger rival with which it had planned to merge earlier this year, the financial monthly Capital reported. The merger talks, which were aborted in April, collapsed because
        AFP  -  115 words
  • Page 22 Advertisements
    • 1454 22 I NOTICES r i raj™ /wi\\ Hotung Investment Holdings Limited (Incorporated in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Special General Meeting of Hotung Investment Holdings Limited (the "Company") will be held at 10th Floor No. 261 Sung-Chiang Road Taipei, Taiwan, Area Code 104, R.O.C.
      1,454 words
    • 615 22 KAI MENG ELECTRIC (PTE) LTD I Incorporated in the Republic of Singapore) At an Extraordinary General Meeting of Kai Meng Electnc (Pie) Lid duly convened and held at 209 New Upper Changi Rd, #03-635, Singapore *****9 on Sth July 2000 the following Special Resolutions were duly passed 1) Resolved that
      615 words

  • Page 23 Advertisements
    • 1704 23 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 ***** CHB CHOHUNG BANK ™(INCORPORATED IN THE REPUBLIC OF KOREA) INDEPENDENT AUDITORS' REPORT To the Board of Directors and Stockholders of Chohung Bank We have audited the accompanying consolidated balance sheet of Chohung Bank and subsidiaries (the "Bank") as of
      1,704 words


  • FINANCE & commodities
    • 315 25  -  SGX Derivatives Traffla&Reports ST Index/MSCI S'pore Index Yvonne Tan SINGAPORE stocks closed a little higher yesterday, with the Straits Times Index staying above the psychological resistance of 2,100 points. The STI gained 8.97 points or 0.43 per cent to settle at
      315 words
    • 248 25  -  MSCI Taiwan Index Chan Yet San TAIWAN stocks closed a touch higher yesterday on hopes that the government would not let the TWSE Index go below 8,000 points. The MSCI Taiwan Index went up by 1.13 points or 0.31 per cent to close
      248 words
    • 186 25 ENERGY REPORT Reuters [LONDON] Oil prices regained some composure yesterday after slumping on confidence that Saudi Arabia will win Opec support for a production rise. Dealers were digesting a bullish warning about low inventories of heating oil for the coming northern hemisphere winter, a
      Reuters  -  186 words
    • 345 25 Reuters London THE yen firmed against other major currencies yesterday as expectations strengthened that the Bank of Japan could end its zero interest rate policy as early as next week. Japan's Economic Planning Agency Minister Taichi Sakaiya who has been saying it would be too early for the
      Reuters  -  345 words
    • Article, Illustration
      1214 25 DITBRBAME CROSS RATES Juiu A$ C$ N* t»> Fir Dm HKS Ind Is tupi* Yw» Ww HI M« Pak to N»a SS *mt S>r «n W Pmmt USS Australia 0J73 4.906 0.619 4.062 1211 4.607 26.404 55.165 0.632 6.596 2.246 1280 30.904 26.495 1.029 4.029 0.961 18.234 23.617 0J90 0.591
      1,214 words
    • 1869 25 SICOM FUTURES Jul 11 RUBBER (futures dosmq at 5.30pm) RSS1 CONTRACTS certs/luj) Close Volume Open Month High Low Sett (tonnes) Interest Aua 00 1 1 1 Sep 00 H6.75 400 Oct 00 'W OO Nov 00 H6-75 RSS 3 CONTRACT (US twts/kq) Volume Open Month High Low Sett (tonnes) Interest
      1,869 words

  • STOCKS east asia
    • 2870 26 HONGEONG AFP Hang Seng +120.99 SHARE prices in Hongkong closed 0.7 per cent higher yesterday led by banking giant HSBC and property stocks, dealers said. The key Hang Seng Index gained 120.99 points to close at 17,359.66 on turnover of HK515.02
      AFP  -  2,870 words
    • Article, Illustration
      1036 26 Reuters |f1 Shenzhen B Index *0.44 CHINA'S hard currency B stocks ended mixed yesterday after flitting in a slim range, with the market focusing on half-year company results and B share firms planning to raise capital by issuing A shares. The Shanghai B Share Index fell 0.47 per cent,
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,036 words
    • 368 26 AFP QWP Index +3JM> TAIWAN shares closed marginally higher yesterday as losses in many shares were offset by government funds' strong buying, mainly in semiconductor stocks. The Weighted Price Index edged up 3.96 points to 8,158.63. "The governmentlinked funds appeared to be focused on buying microchip stocks to support
      AFP  -  368 words
    • 1998 26 TOKYO AFP Q Nikkei 22S -«&32 SHARE prices in Tokyo edged down 0.4 per cent yesterday as investors sold off high-tech issues following a decline in the US tech-heavy Nasdaq Composite, brokers said. The key Nikkei 225 Index fell 68.32 points to close
      AFP  -  1,998 words
  • Page 26 Advertisements

  • STOCKS klse
    • 9102 27 INDUSTRIALS Commmc products 2000 Last Vol Day Nat Cap High Low Company Sale 'OOP High Law P/E $mW 420 310 A|lnomoto 360 4 1 360 360 19.7 145 9 158 62 Angkasa 81 80 85 75 119.4 670 290 ApOHo FoOdHlq 460 -2 2 460 460 10.0 184.0 3350 2700
      9,102 words
    • 424 27 AFP H Composite Into +7.92 MALAYSIAN shares closed 0.9 per cent higher yesterday on follow-through buying buoyed by news of strong economic growth in the second quarter, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 7.92 points to finish at 845.51.
      AFP  -  424 words
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  • SGX clob & regional stocks
    • 2751 28 BONDS A WARRANTS mjji Wt ■rati PrW U*r, Lai M On UilOwH »1 kin* Caw Cur One MM* L>- lA ««r- 000) IN# Lot leyer S*> frtea laiil Prtea <%) G*arto«2 left 57 .5 >6.5 WOWTM... ]03 2? '?3 7 f a? 9 M »0 30 147 31 2« ig
      2,751 words
    • Article, Illustration
      759 28 AFP El SET Index -0.90 THAI shares slipped 0.3 per cent yesterday as profit-tak-ing eroded gains made in the previous session. The Stock Exchange of Thailand (SET) Composite Index fell 0.9 of a point to 325.72. Falls led gains 98 to 47, with 79 stocks unchanged. Volume was 1.32
      AFP  -  759 words
    • 276 28 AFP n Composite Index +sJil PHILIPPINE shares rose 0.3 per cent yesterday on selective buying of blue chips amid lingering concerns about the weakening peso. The Composite Index added 5.51 points to 1,563.08. Volume was 625.56 million shares worth 738.74 million pesos AFP Jolll *tv> 000) MRC Anted 0.56
      AFP  -  276 words
    • Article, Illustration
      672 28 n Composite Index +4J5 INDONESIAN shares closed 0.8 per cent higher yesterday on light bargain-hunting in blue chips, with most investors still sidelined. A dealer with a local brokerage said blue chips like Sampoerna, Gudang Garam and Indosat were seeing buying interest from foreign houses. "But the volume is
      672 words
    • 277 28 AFP □mSE-40 -7.69 NEW Zealand stocks closed down 0.4 per cent yesterday as key stocks Telecom and Fletcher Challenge Energy shed some of their earlier gains. The benchmark NZSE-40 Capital Index lowered 7.69 points to 2,105.32 on turnover of NZ5137.27 million. —AFP Ml) MS COOP) Advantage MDS 2.60 -0
      AFP  -  277 words
    • 556 28 AFP n All Ordinaries *OJO AUSTRALIAN shares rose fractionally to another record yesterday amid continued enthusiasm for selected blue chips in an otherwise rudderless market, brokers said. The key All Ordinaries Index rose 0.1 point to 3,280.0 while the SP/ASX 200 fell 0.5 point to 3,323.3. DD Tolhurst client
      AFP  -  556 words
    • 265 28 AFP Q Composite Index -14.61 SOUTH Korea's Composite Index closed down 14.61 points at 836.86. Volume was 843 million shares worth 5.5 trillion won. AFP Ml) Hon *h »um Semi ***** uoch Br«n Tech 960 -75 Central Ban* 1200 15 CheHComm *****0 4000 Dm Gu Ban* 2550 90 Dwsang
      AFP  -  265 words
  • Page 28 Advertisements

  • 9664 29 SGX MAINBO ARO Transaction date: Jul 11 Gr Or M wt 52-Wk Last Vol Day Last Oust* OI» Otv YM Net Cap Avg >%> L— c««(n S* fOOO) Hm L— Cw M fttca MULTI-INDUSTRY 163 101 m c Ac ma 50c 1I9«I unch 47 120 tt9 119 120
    9,664 words
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  • MONEY matters
    • 987 30  -  CURRENCIES it may not be over; warning flag" threatens on rupiah chart larry wee IT should have been a pretty decent week for the Singapore dollar, given that an advance peep at second-quarter growth revealed much stronger-than expected growth of 7.7 per cent and that
      Source: Hy W; Source: Reuters  -  987 words
    • 845 30  -  Bet benchmark yields could soften to 4.5% by year-end as global rates stabilise Hy\ Hsin-Li Chia The author is Asian Markets Strategist, JP Morgan The artuUe is not an invitation to invest%Tand its contributors will not be held liable in
      845 words
  • Page 30 Advertisements
    • 144 30 it's Spring in *3?f4fc 1 he (ha m p i on s h i p Ci o If It t* so r I Spring is the most exhilarating lime to play golf it's not just a season, it's ff *4 a feeling! At Spring City Golf &r Lake Resort, it
      144 words

  • Page 31 Advertisements
    • 629 31 Where to wine, dine and entertain..."^ available for: private parties company dinner and dance conference seminar and meeting. I HOTEL GRAND CENTRAL LIMITED 22 Orchard Road/Cavenagh Road, Singapore *****7 Tel: 737 9944 Fax: 733 3175 1 J CIFEFOMIEBLEAI! Unlimited International Buffet with Specialty Corner Lunch: $19.80 Adult $12.80 Child (Daily
      629 words
    • 134 31 HM A N D A R 1 N S I N C A P Q«% El 'i. of rut un;«**u WINES woldSh A *****10/6288 j HMkl ,-fih. Wbk 1 Mi Otkard Rotd, JH 3 1*737 44*1 fctt. 732 iJM TUg new PovsKy 'SUop <*V TV\g KovrvioHis how epg*\. BoHl Walnut
      134 words
  • Page 31 Miscellaneous
    • 1005 31 i ne Business i imes, vveunesuay, juiy i^.tuuu TVr:T7T. rfll^ Cinema. 5.10 Love At Last. 12.02 AM One Hour News. Centrmi 500 CUck 1.00 B Tonight. 9.00 AM Kids Central: 5.30 Tube Top. Suria L3O cheer Up Japan 2000. f Blue's Clues. 6.00 Wheel of Fortune. 3.00 PM TV Innovations.
      1,005 words
    • 325 31 CRYPTIC CROSSWORD ACROSS 5 Guilelessness and love may be 1 Designing fellow responsible for I® 0 1 n ado 9 (J) a put-up job (9) 6 Well people just won t use such 9 Give just a single penny in a transport (9) shopping centre (6) 7 Sent rf pay-off
      325 words

  • EXEC lifestyle
    • 763 32  -  Computer games like Star Trek: Voyager Elite Force don't just rely on the latest in technology, writes gary gentile GARY GENTILE AP MAKING a computer game may once have been the exclusive domain of techno-geeks. But today's games, especially ones based on television shows or
      AP  -  763 words
  • Page 32 Advertisements
    • 963 32 HP leads the e-way with an increased commitment to ASPs. HP Go-ASP Partner Programme (Go-APPs) provides back-to-back EgL I )T M K|^ support for Singapore-based ASPs. '*3l M There is a new breed and services to the They Subsidised costs, basis. They If ASPs, like most other J risk for
      963 words
    • 14 32 s rMir,t fe L"'-m if gj V* /> v I I "I P K •^E.
      14 words

  • SHIPPING TIMES
    • 281 33 MX fOO mi a CWT Distribution —OJO unch 59 Chuan Hup 0J9 -O.OI 719 Cosco mwilmiil—0.20 unch 126 FrUgM Links 0-23 -0.01 323 GB Moldings 0.65 0.03 3 Hal Sun Hup 0.39 unch 335 IMC Hotdkigs-HK —5.60 unch 0 Jaya Moldings 0.18 unch 1676 KappalCorp 4.02 -0.04 667
      281 words
    • 495 33  -  NOL subsidiary to add Batangas to Bugo service, open branch office inGalabarzon From P T Bangsberg in Manila THE container arm of Neptune Orient Lines is expanding its feeder service in the Philippines, and opening a branch office in the fast-grow-ing area known as
      495 words
    • 144 33 [SINGAPORE] The Neptune Orient Line (NOL) Group has awarded a European shipyard with a newbuflding order for lour 2,468 TEU (20-ft equivalent) oontainershlpe far its APL subsidiary. Germany's Aker MTW shipyard waa awarded the newbuildlng oontraet which media reports have estimated to be
      144 words
    • 108 33 [SINGAPORE] Senior executives of Hapag Lloyd and Korean shipbuilder Hyundai Heavy Industries pose with sponsors involved in the naming of two of the container line's new buildings recently at the yard's Ulsan facility. The two containerships, Breman Express and Tokyo Express, will increase Hapag'sfleet to 29
      108 words
    • 189 33 [SINGAPORE] The Maritime and Port Authority of Singapore has launched its new maritime portal at www. singaporemaritimeportal.com. Through the site, users can tap into the three major port systems, Marinet, Portnet and Tradenet; check shipping schedules, marine weather, tidal information and port statistics; and access
      189 words
    • STRAIT talk
      • 950 34  -  Hie pay and conditions for the whole Blue Certificate fleet are now the result of negotiation. By Seafarer INDUSTRIAL relations within the global shipping industry have long been a source of friction. Last week saw a deal agreed which could go a long
        FILE PHOTO  -  950 words
    • 310 34 PAGE ECU Line 6 AMI 3 Lines 13 Accord 8 Ewgrew 6 Ahrenkiel 14 FoongSun 8 Appenshtp 5 Frt Links 14 AsiaOCL 13 GLink 4 ftnt l T g Gemartrans 6 Austral 8 Genshw U Avant ,4 GtoW B tang Mas 8 M BSA 7 7 BTL
      310 words
    • 20232 41 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Name None Number Number SIN Dtst'n Name Name Number Number t o™-, M To BUENAVENTURA (BUN) 2059 Colombia To ABIDJAN (ABJ) 2003 Cot* D Ivolre 25/07 31/00 csav csav Singapore oism
      20,232 words
    • SHIPS IN PORT
      • 735 47 Vessel Voy No Berth Arrival Departure Bt Sambur 2 ***** 'jOI 11/07/8:10 n/07/20:00 G H Pioneer POOOI2 JOS 11/07/7:25 12/07/12*0 M Clttangmai 19 J23 1V07/8*5 15/07/23*0 Aulia Seraya 22/00 J06 11/07/7:40 11/07/21.00 C Success IVJul JOT 11/07/8:10 11/07/16:00 Elirfc 2 322 J04 11/07/9j0 12/07/6:30 Winstar 2 20SOO J03
        735 words
      • 1961 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/EUl«nc* Rstls Ship Voy No Etb/Btr Ptflod From To From ACI LILAC OMA 12/1*00 It 10/1500 10/1659 Oct-00 2A 10/1700 11/0659 11/0900 21 10/1700 1V0659 n/0900 1 n/oroo n/1159 ivmoo 4 '1/1200 VM54 11/1700 acx urrus om u/too MN m/mm
        1,961 words
      • 188 47 Jul 14 France: Bastille Day. Jul 10 Brunei: HM The Sultan's Birthday. Jul 17 Thailand: Buddhist Lent Day. Jul 20 Japan: Marine Day. An|l Singapore: National Day. Aaf 12 Thailand: HM The Queen's Birthday. Aug 15 Germany: Assumption Day. Korea: Liberation Day. Anff 17 Indonesia: Independence Day. Anf
        188 words
      • 780 47 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are baaed on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the Individual
        780 words
      • 483 47 Carbon WO Max 990.8 0.5 18.9 0.08 78 0.04 Jal 6 Density Water IhMm Atk AIumMmi Sediment No atow £25 0 0 3 0 0 0 380 Aw 986.2 02 13.0 0.06 47 0.02 (im 380 Mai 993.9 0.5 182 0.09 99 0.05 U/ITI OA M/M
        483 words
    • AIR & LAND transport
      • 539 48 Record number of delayed flights in June, dne mainly to summer thunderstorms Reuters [WASHINGTON] June was a frustrating month to fly in the United States with preliminary government data showing a record number of delayed flights, largely attributed to summer thunderstorms. There were 48,905
        Reuters  -  539 words
      • 220 48 Bloomberg [CHICAGO] The 10 largest US airlines' passenger traffic rose 8.3 per cent in June even though they added just 2.4 per cent more seating and flight capacity, mostly because of a surge in international demand. The carriers in June reports released this week
        Bloomberg; REUTERS  -  220 words
      • 366 48 Bloomberg [SAN FRANCISCO] UAL Corp's United Airlines must stand trial on claims of sexual harassment by a female baggage handler, a federal appeals court ruled. The appeals court reversed a judge's decision that the former employee waited too long
        Bloomberg  -  366 words
      • 236 48 Reuters [NEW YORK] United Airlines, the largest US airline, cut the number of flights on its summer schedule by about 2 per cent, as fewer pilot work hours were available when pilots started refusing overtime earlier this year The Chicago-based airline,
        Reuters  -  236 words
      • 557 48 Virgin Atlantic may start LondonAnstralia service in a year or two AFP Reuters [SYDNEY] Australia's newest airline. Virgin Blue, is likely to extend its price war to the notoriously expensive Kangaroo route to Europe within 18 months, its owner Sir Richard Branson
        AFP; Reuters; REUTERS  -  557 words
      • 397 48 HK carrier does not expect any disruption to services AP [HONGKONG] Pilots for Cathay Pacific Airways began a protest yesterday to demand that the company stop changing their schedules at the last minute. About 1,100 of Cathay's 1,400 pilots began refusing to work
        AP  -  397 words
      • 1615 48 an FiKtn cu fucht no a» wt ttm mo MMh AM230 MO Hani VW0741 1310 VNS0742 0905 LH63S1 1850 S0VN175 «30 SOVNI76 1035 S0230 1850 _j i WWT40 Ml Amtwtfaa KL0043 0435 KLOtM 2255 WW WW WW «M0 SO23 0645 N2432I 2325 MM ATT7 W5 tlM
        1,615 words
  • Page 33 Advertisements
    • 521 33 The freight market report has been dropped due to THE SHIPPING CORPORATION OF INDIA LTD Nehru Centre, Discovery of India Building, Dr. Annie Besant Road, Worli, Mumbai- 400 018 (India) Tel: (022) 493 1461 Tlx: 011-***** OSV IN Fax: 91-22-*****56 Product Tanker mt 'JAI NARAYAN VYAS', 1975 (Yugoslavia) built, *****
      521 words
    • 9 33 I Pay deal for craw heralds new era, Pa§e2
      9 words

  • Page 34 Advertisements
    • 1073 34 NORTH AMERICA 1 I EXPORT I OTHER DESTINATIONS I I Mx-«uWiniimiln*i* MatitHttMkmm I 11 wtBT coast Of cgwrrtAi. amcwjca iWAftQAWTA service) **T I iumga own io/S; n/w n/w »/w p/w w/w si/w m/w X "Z *Z u3 uS !i£ csavsmatow oiw H/w n/oo w/w w/w w/w w/w ooa Mwna asbsi
      1,073 words
    • 684 34 Lines services represented by Accredited Shipping Agents, S.ngopore log.shcs Singapore Shipping Association Association Q UIY UNI MALI VISS& VOY [75 ETA Ftt P. KLANG SPOkf MALI Empress Lily VO6OO 16/07 18/07 25/07 Princess Lily VO5OO 28/07 30/07 08/08 Empress Lily VO7OO 14/08 15/08 23/08 KB ULY MAMWI SEftVKES ETC LTft
      684 words

  • Page 35 Advertisements
    • 1135 35 TO EUROPE FROM EUROPE IvßSa VOT SW WW ANR NAM ORV SOU FXT IB<| IvBSB VOT I RTM AMR HAM ORV SOU FXT IB! SW HYAORHRAL 327W 13/07 05/00 02/00 03/00 31/97 mom OMI 10/04 20/04 23/0* 14/o*ll/07 MX CORAL OISW 14/07 30/07 01/00 04/00 05/00 MYlttON 31*114/o*ll/0* 11/o*lo/0* 13/07
      1,135 words
    • 1948 35 (g) HANJIN SHIPPING jikPl U -Me *****30 HAH HH SHIPPING 5) PTE ITP h»: tw# caw MOtlM *****35 737 SALES *****74 731 MCMBH *****71 774 OWATIOIIS *****50 7SI mi* LMt *****5S fU *****4S CtMHI 534f*****M TO NW USA A CANADA USA CANADA* ntVSI/VOT IMMI SN UM HAUI/VOY 5T~| TO* KN
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    • 933 36 HAM MAC-NELS S PORE M'SIA Cairtor MH COKTR IMS, MC p. gudamq: <D 7) mkxtm I ISF/V J OW NOs IaooSTSOOOOS SWJ: (064) *****1 MAMLA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P. KELANQ: (03) *****77 JKT: (21) *****46 KUCMWQ (062) *****1-3 BARCELONA MV "YULE DE
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    • 692 36 EXPRESS CONTAINER FEEDER FOR N SHEVA (CPS MULUNO. MUMMiCOLOMK ALSO ACCEPTING TO Mi. NORTHERN AND WESTERN 1.C.0. POINTS Vmml s pore n sheva colomm p klane CAPE CREUS VIMN 16 JUL 2SJUL 2t JUL M AUG CAPE CANAVERAL V 12t* 23 JUL II AUG 05 AUG 11 AUG TULSIDAS Wl2t
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  • Page 37 Advertisements
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  • Page 38 Advertisements
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    • 350 38 BtfOW vissa VOYAGE sop cm dud jda ami DMI dah km nxv ZHUANGHE 01SM 14/07- 75/07 20/07UMMPIi OMI-02M 17/H7 21/07 21/07 27/07 2V07 UN WHOr 0134-007W 11/07 22/D7 21/07 20/07 31/07 02/00 TUHE 01 St* 21/07- 01/D0 02/00 04/00 UN ASSBfT 0122-01 M 24/W 21/07 02/00 03/00 04/00 UN PWOENTOI3S-OOIW
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    • 659 38 PACIFIC INTERNATIONAL UNES (PTE) LTD 140 Cecil Street, 403-00 PIL Building, Singapore *****0. I CR NO: 100e*****00E livtssa. vot m~ m m swt m m la wmntl I I I BMBh. u>, ~M- V W 1" ,w, louromu rmoti is/7 w/7 7/t n/i 14/1 I I lIVKSE VOT PtC amMXHE
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  • Page 39 Advertisements
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    • 1217 39 HMME* HYUNDA^AERCHANTJtoAJMNECOj^tfD^^^^^^ Ivtssa VOY SM SOU lUHI TO I AMT I HAB I 6EV fWSSB I VOT I SOM I 184 RlB I AWT I HAB |NV I SOI I HYaVBOt 329W 13/87 05/00 29/07 30/07 01/00 ARAM! UK 21/04 14/00 20/0* 17/0* 00/07 KYAMBRM 327W 13/07 31/07 05/00 02/00
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    • 691 39 vOOv WALLENIUS WILHELMSEN I TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT SERVICE" fvfssn VOY |RAHP HEIGHT SIN IK «UO IMA SAV BAL OCF NTC WW WW TAUtOT AHOIT 4001 m UM 75/07 2S/00 02/09 05/09 07/09 ©9/09 10/09 12/09 10/09 19/09 TAMPERE ABO 16 4001 MS 6JM 10/01 00/00
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    • 1724 40 INDONESIA NATIONAL LINE TO AUSTRALIA 1 RILLOOIfDM^WIOWICI *a *ri_ m m w w stp m m m m MWI M/V 11/W 21/ V a/V B/W B/W WW MOW "5T 17/VM/V */w ~wv ii/m Urn <ST»£7 B/M H in not its n/w ii/w vm IVW is/m u/m FEEDER SERVICE TO INDONESIA
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  • Page 43 Advertisements
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  • Page 44 Advertisements
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  • Page 45 Advertisements
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    • 936 45 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO IWGIsm|«TI SW I KW I rpQ Ipl WW liml wl SAV |WW TAW NOU I mm MAM /04S0 74/07 30/07 02/00 04/00 10/00 11/00 Jj/QO 21/00 25/01 20/01 21/01 02/10 04/10 11/10 15/10 HOtCHDTKI/OtSl 72/00 70/00 31/00 07/01 12/01 OZZOL MJSL 22/01
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  • Page 46 Advertisements
    • 564 46 I VESSEL VOY SIN MAA SIN I TIGER BRIDGE 816N 14-15/07 20-23WJ7 28-2&07 I TIGER METRO 817N 18-19/07 24-27/07 02 03/08 I TIGER STAR 818N 21-22/07 27 3007 04-05/08 I TIGER RHYTHM 819N 25-2607 31-0306 06-09,06 I TIGER BRIDGE 820N 28-29/07 03-0608 11-1208 I TIGER METRO 821N 01-02/08 07-10/08 15-16/-8
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    • 1134 46 FREIGHT LINKS EXPRESS Tel: *****11 Fax: *****77 E-mail: flesinOsingnat.com.sg DIRECT CONSOLIDATION SERVICE TO OSAKA/ NAGOYA *LAEM CHA BANG LAE/PORT MORESBY •PASIR GUDANG *CEBU ADELAIDE/BRISBANE TAICHUNG/KAOHSIUNG SHANGHAI/XING ANG «MAHE INCHON HAJPHONG/PHNOM PENH *YANGON SEMARANG/BELAWAN SUVA/NOUMEA MALTA FOR BOOKING: *****51/3/6/60/61/62/67/68/69/79 PROJECT SHIPMENT HEAVYUFT CARGO Lawrence Lim *****78 lawrerKe@flesin.cooii.sg WAREHOUSING LOGISTIC SERVICES ENQUIRY
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    • 1140 46 for Poking I eaqmry cat *****80 ,/^V Wcbsilt: bttp:/ /wmrw^odcoa Vtft/fftMftPft llWft SWi« 01 MB« HOU I »—«1 S IK W 01 IB W OOQ IAfIW 4 JS7I M n 21/0/ 02/18 03/08 01/08 02/08 I OOQ NOHBUMDS 20W525 30/04 11/ M 22/04 23/04 21/04 14/07 OOQ. NCTHttLAAOS 21E571 11/07
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  • Page 47 Miscellaneous
    • 131 47 a FOR 7 AM 12 JUL 2000 """'ri^w———«—lB ..4 LEGEND: Issued by Meteorological Service Singapore K Thunderstorm A Showers y"C\ Rain emperature Wind direction and speed in knots Cloudy Day Wea,her U CX u a7w 7 Wind speed symbols Sea Condilions O Full circle w/o line indicates calm or light
      131 words