The Business Times, 18 July 2000

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Microfilm: NL21888
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MITA (P) 035£#^$5T 85C SINGAPORE Internet: http://business-times.asial .com.sg/ TUESDAY, JULY 18, 2000
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  • Article
    Lock icon MARKET SUMMARY
    73 1 sn 2JO7X (+28.05) BT-SRI Oil* (+11.19) ST DIDEZ FUTURES 2,***** (+16.00) smsci futubes ***** (+3.20) STOCK MARKET INDICES Monday Change KLSE OOMP 846.33 991 NIKKEI 225 i7,286.83_+143.93 HAM) SENO 17,834.78 +248.62 SET INDEX 315.68 -4.87 JAKARTA COMP 606.80 +2.69 MANILA OOMP -739 TAIPEI WPI 8585.52 +67.39 SEOUL COMP
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  • Article
    Lock icon FINANCE
    77 1 FOIEZ BATES US! SI USS 1.748 £(USS/S$per£) 1.496 2.616 EURO(liS$/SS/E) 0.937 1 .638 DM 2.087 0.838 YEN 1082 1.615* RM 3.800 0 460 HKJ 7.797 0524 BAHT 4026 0.043 RUPIAH 9.935 0.018 'Stto lOOuntti PRIME BATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK 9.50 MANILA II00 HONGKONG 8.50
    77 words
  • Article, Illustration
    Lock icon SMRT offers 45% of IPO shares to the public
    702 1  -  Placement tranche, also at 61 cents, six times subscribed By Christopher Tan [SINGAPORE] SMRT Corp, Singapore's mass rapid transit operator, has set aside 222 million shares at 61 cents apiece for retail investors or 45 per cent of its initial public
    SIEW YAW HOONG  -  702 words
  • Article
    Lock icon BOJ leaves zero interest rate policy alone for now
    900 1  -  It cites collapse of giant Sogo as reason for continuing caution on monetary policy From Anthony Rowley in Tokyo THE Bank of Japan's Policy Board decided yesterday to leave the central bank's 17-month-old zero interest rate policy in place for the
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  • Article, Illustration
    Lock icon OCBC to invest US$50m in regional Internet bank
    569 1  -  50-50 venture with ANZ will tap consumers in regional markets; Boom.com already a partner By Serena Ng [SINGAPORE] OCBC Bank will soon be investing another US$5O million (5587.5 million) in a new regional Internet bank a move that analysts see as an
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      99 1 MBDE Top stories Brierley Investments Ltd raises stake in F&N to 6.9%, seller's identity a mystery. Pg4 US Reed Group to be listed on Sesdaq at end-July. Pg 7 W Eu Yan Sang launches 71.5 m IPO shares at 35 cents each. Pg 8 Sing Tel starts on USs2b undersea
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      8 1 Sogo may sell its HK store, Pg 3
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      86 1 Tablokl to be launched in November, Pg 10 Qp geiald genta e "Mi'iPm-*.-. S* £7 R T "The simplest of the complicated watches" SINGAPORE THE HOUR GLASS Takashimaya S.C. Tel 734 2420 Scotts S.C. Tel 235 7198 Lucky Plaza Tel 733 1262 Peninsula Plaza Tel 337 8309 Raffles Hotel Arcade
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon The head honcho appreciates
        62 2 IT'S not every day that securities analysts get a show of appreciation for what they do. Property analysts who recommended a buy on DBS Land after the announcement of the merger with Pidemco Land have received personal thank-you notes not from the company's PR but from
        62 words
      • Article
        Lock icon Big 'disposal' of MUI shares
        97 2 INVESTORS should not be alarmed by Malayan United Industries' declaration that a major shareholder Singapore's Central Depository (Pte) Ltd has disposed of 316.9 million shares, or 16.3 per cent of the company. The change was merely to reflect the transfer of the Clob shares from
        97 words
      • Article
        Lock icon Useful message
        62 2 DON't you hate it when you call a company and a recording tells you to dial the extension of the person if you know it, but offers no further information? So one of our journalists was pleasantly surprised when a call to First-e, an Internet bank, got a
        62 words
      • Article
        Lock icon Watch what you say on the Net...
        129 2 DISAGREEING with financial research analysts can be hazardous to your financial health. According to AWSJ.com, New York-based investment firm Credit Suisse First Boston (CSFB) last week filed a suit seeking US$l million (551.74 million) in damages against a New Jersey man and 10
        129 words
      • Article
        Lock icon ...or just watch what you say
        120 2 MEANWHILE, CNNfn reports that a Wall Street analyst who made an unpopular forecast for the semiconductor sector recently has had his life threatened as a result. Two weeks ago, Salomon Smith Barney downgraded its rating on the semiconductor sector to neutral from outperform and
        120 words
    • Article, Illustration
      Lock icon Corporate ethos and the spirit of volunteerism
      922 2  -  Committed staff can get time-off, bnt most firms prefer to keep things flexible Ny Tan Su Yen [SINGAPORE] There are helping hands and caring hearts aplenty in companies throughout Singapore but few organisations have formal policies for paid time-off for community work along
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    • Article, Illustration
      Lock icon Planned UK-German iX exchange explores merger with Nasdaq
      450 2 Milan Madrid bourses also likely to join iX next year AFP, Reuters [LONDON] The London Stock Exchange and Deutsche Boerse AG said they will work with Nasdaq to explore a full merger of the three exchanges as they released draft details of
      AFP,; Reuters; REUTERS  -  450 words
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      293 2 "The Hull MBA OF HULL MBA (Investment Finance) 10th Intake "Ranked A mono 28 Uft XWormotio^X r 8 MBA (General Management) f Session UKsFirst Mon.24July3000 J Division MBA (Strategic Marketing) V 7.00 J Universities, 1999" MBA (Travel Tourism) UNIVERSITY OF SOUTH AUSTRALIA "Ranked Among Australia's Best Universities" PhD MA/BA Doctor
      293 words
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  • SOGO saga
    • Article
      Lock icon Sogo may sell its HK store
      483 3 Sale of HKs4b property would help repay its debt and help kick-start HK property market Bloomberg Hongkong a sogo spokesman said yesterday that the company is looking for a partner to share ownership of the 450,000 square foot building now occupied by its store
      Bloomberg  -  483 words
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      329 3 BRt '^H^a^lm^H W Jlv/ i^ $7] g^jwy WMlflM L c nSS^MntsK^c^Hp^BH^Ll^^HK^^^H :^^HH JflP9i Kv "-'|H9 W' 9m fl ffßPr* ■50. KAtrimandu $665 London $450 KAthnvindu $665. LcxwJ no. USA sew. Ca# us at »»0. USA $810 Call us Br TA 40 337 TA 413 KOAI TAJKS TO SMOOn-$440 SHOAL FAMS
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  • SINGAPORE companies
    • Article
      Lock icon BIL raises stake in F&N to 6.9%, seller's identity a mystery
      452 4  -  Hy Siow Li Sen BRIERLEY Investments Ltd (BIL) yesterday bought 11.7 million Fraser Neave shares, raising its stake in the food and beverage group to 6.9 per cent from 2.8 per cent. Although there is market talk that the
      452 words
    • Article, Illustration
      Lock icon OCBC-ANZ's Net bank and finatiQ, 'may overlap'
      655 4  -  Bat they will pursue different strategies, say OCBC officials; analysts bullish By Serena Ng THE new regional Internet bank to be formed by OCBC Bank and the Australia and New Zealand Banking Group (ANZ) may end up with some overlaps with OCBC's existing
      655 words
    • Article, Illustration
      Lock icon DBS Land up after RNAV unveiled
      427 4 Analysts remain cautions on its merger with Pidemco DBS Land shares rose nine cents to $2.51 yesterday, after the crucial revalued net asset value (RNAV) figures for its merger with Pidemco Land were revealed. Analysts said DBS Land was expected to trade at a
      Source: Bloomberg  -  427 words
    • Article
      Lock icon Internet Technology Group— a long-haul counter
      655 4  - Internet Technology Group a long-haul counter hock rrrmam andrew wee INVESTORS considering buying shares of Internet Technology Group (ITG) when they start trading on the main board of the Singapore Exchange tomorrow, should note that ITG is not a "pure play" Internet company. It is instead an Internet holding and
      655 words
    • Article, Illustration
      Lock icon US health data provider Reed to be listed on Sesdaq by end-July
      364 7  -  Parkway's new HD, Lim Check Peng, Onemedhub chairman Michael Lim to be directors By Andrea Tan HEALTH information provider Reed Group Holdings Ltd, to be floated on Sesdaq at the end of the month, will be the first
      SIEW YAW HOONG  -  364 words
    • Article
      Lock icon CDL Hotels to be City e-Solutions
      212 7 Proposed name change to reflect transformation into an Internet business AS P ART of City Developments' plan to transform its hospitality arm into an Internet investment company, CDL Hotels International will be renamed "City e-Solutions". The new name reflects CityDev's new business strategy to
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    • Article
      Lock icon PacNet ties up with 2 portals to offer property info
      174 7 NASDAQ-LISTED Pacific Internet or PacNet yesterday announced partnerships with two Singapore-based real estate portals, MyPropertyHub and Propertylifestyle.com. Under the agreements signed, MyPropertyHub and Propertylifestyle.com will make available their content and val-ue-added services on co-branded websites located within PacNet's e-commerce portal
      174 words
    • Article, Illustration
      Lock icon Eu Yan Sang offers 71.5m shares at 35¢ each
      477 8  -  The IPO comprises only new shares; 7.2 m of which is set aside for the public Kenneth Lee TRADITIONAL Chinese herbalist Eu Yan Sang International Ltd yesterday launched its initial public offer (IPO) of 71.5 million new shares at 35 cents
      ARTHUR LEE  -  477 words
    • Article
      Lock icon Aussino.com plans share split
      217 8 AUSSINO.COM yesterday made corporate history of sorts when it announced a stock split just four months after its listing in March, paving the way for a cash call despite having raised $20 million from its flotation. The company said the Singapore Exchange has approved the split
      217 words
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      77 4 M /V —k Jk jB flp I"" 8 Sole Agent I TranCVIPW flOlf o» ,»j H#md O™ 1 4 Chan Charn **.»"«apoc« llOliaflCff UUU Pte Ltd T«1:476 0*55 Fax:476 0977. Email: transyW.goMl©pacfflc.n«t.ig #02-46/47/48 Specialists' Shopping Centre. Tel: 732 0955/6 #01-05 Mandarin Hotel Shopping Arcade. Tel: 738 1155 •$> #02-25/26 Far
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      365 5 -^iifc^tf-im "mS :^r^Tp^'^^ 4r .i^y—..ifc jjjj^^^tyi .fc X&fcv -ftfiiK, jS^* I '"TWif- An «'c i; M inffr J®§ -->- ■**hi f- ,i/mßr* 'S™ jflWfWfc-- -J. >•■• f* t..&- > >j *M 4 £m%m■ lw%w£^K&^ i ittin iiJ 1 jfifc- B^iH Introducing the Prudential Dreams Card. Now that we help take
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon CL's SIA covered wrt: good figures but very risky
      174 6  -  WARRANT WATCH By Ven Sreenivasan CREDIT Lyonnais' covered warrant on Singapore Airlines was the second biggest percentage gainer yesterday. It jumped 4.5 cents or 17.3 per cent to 30.5 cents. The underlying SIA share finished 30 cents higher at $18.70 on
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    • Article
      Lock icon Untitled
      481 6 Stocks Volume Hint 15c 53,205,000 North 22 US1C 25,099,000 Goodpacklc 24,351.000 AirOcean 5c 21,003,000 CEI5c 15,051,000 F&N 14,388,000 IPC020c 12,145,000 Brieriey NZ10c 12,002,000 Strike p ngg 5c 11,705,000 AddvalTech 2.5c 11.368,000 Stocks FAN 90,601,050 Chart Semiconductor 26c 47.679.222 DBS Grp 31.827,728 UOB 27,611,820 SIA 22,045,300 TTInt 15c 19,176,980 NatElec 10c
      481 words
    • Article, Illustration
      Lock icon Investors stay cautious, depressing market volume
      530 6  -  STOCKS ven sreenivasan THE benchmark Straits Times Index closed higher yesterday but on very thin trading as sentiment remained cautious. Interest was focused on speculative secondliners, some of which came under forced-selling pressure in the final few minutes of trading. Traders said funds were
      530 words
    • Article, Illustration
      Lock icon F&N: limited upside in short term
      242 6  -  HOT STOCK By' Ven Sreenivasan FRASER Neave yesterday surged to its highest in seven months, on speculation it is being taken over by New Zealand group Brierley Investments. F&N gained 40 cents or 6.5 per cent to close at $6.55 on 14.4 million shares.
      242 words
    • Article
      Lock icon Market Notices
      129 6 ♦BBR Holdings announced that at a court hearing, the judge had ordered Chileon Pte Ltd, a 70 per cent-owned subsidiary of the company, to acquire the properties known as 22,26,28,30,32,34 and 36 Shanghai Road, Lot 257N of Town Subdivision 24 and Lot 958 L of Town Subdivision 24
      129 words
    • Article, Illustration
      Lock icon Regionals hit again as BOJ leaves rates unchanged
      337 6  -  CURRENCIES larry wee THE Bank of Japan's decision to leave interest rates alone despite recent hints to the contrary boosted the US dollar again yesterday, sending several regional currencies to fresh new lows for this year. The US dollar hit intra-day highs
      Source: Reuters  -  337 words
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      278 6 18 July 2000 EU YAN SANG INTERNATIONAL LTD (Incorporated in the Republic of Singapore on 10 April 1993) INVITATION IN RESPECT OF 71,500,000 NEW SHARES OF $0.05 EACH COMPRISING:(1) 7,200,000 OFFER SHARES AT $0.35 FOR EACH OFFER SHARE BY WAY OF PUBLIC OFFER; AND (2) 64,300,000 PLACEMENT SHARES BY WAY
      278 words
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      50 6 YOU CAN NOW PUT YOUR CPF SAVINGS IN EICHT. important All applications for units in eight must be made on the application forms accompanying the prospectus investors must read tfte prospectus The value of the units and the income from mem may fall as well as nse Ql HtSKA; K
      50 words
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      100 7 ro 1 1 1 1 L-y- y- ■i.-'feis MB ■I JIS MHHHHHHHHHi^HHHHHI Proprietary STAR diagnostic equipment, professional assessment, factory trained engineers, genuine spare parts, stringent Mercedes-Benz specifications and standards. Just a few of the reasons why you should trust no one else but Cycle Carriage to care for the health
      100 words
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      103 8 Corporation Ltd r INITIAL PUBLIC OFFERING 492,000,000 existing Shares at 550.61 each (subject to an Over-allotment Option of up to 73,800,000 Shares as described in the Prospectus dated 17 July 2000) Applications for Shares may be made on printed Application Forms referred to and on the terms and conditions set
      103 words
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      176 8 Effective Project Management... Henley Management College is a leader in the Field of flexible MBA programmes for busy international executives and is accredited by EQUIS (the European Quality Improvement System). The Henley MBA is accredited by AMBA (the Association of MBAs). The Project Management MBA is an exclusive programme that
      176 words
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  • SINGAPORE news
    • Article
      Lock icon Home sales take-up still patchy despite buyer interest
      565 9  -  Some projects had decent sales over weekend, others hit by weak sentiment Reports by Kalpana Rashiwala WITH the "hungry ghosts" month just two weeks away, home buyers seem to be getting busier. However, sales take-up over the weekend continues to be patchy.
      565 words
    • Article
      Lock icon Zaobao Classified stretches ad dollar, reach
      131 9 CLASSIFIED advertisers of Chinese daily Lianhe Zaobao will now enjoy greater value as Zaobao Classified makes its debut in cyberspace today. As with the online version of The Straits Times Classified (cats.asiaone.com.sg), cats.zaobao.com will host for free the print versions of Zaobao Classifled's run-on
      131 words
    • Article
      Lock icon Q2 GDP may be revised downwards
      296 9  -  fty Anna Teo THE full-quarter details of Singapore's second quarter economic growth to be released on Aug 10 could well see a downward revision from the early estimate of 7.7 per cent, say J P Morgan's economists. Its Singapore economists say the stronger-than-ex-pected 7.7
      296 words
    • Article, Illustration
      Lock icon Allgreen's Queens selling at $754 psf on average
      512 9 Pricing lower than Tanglin View and other nearby 99-year condos ALLGREEN Properties sold "more than 30" units at the Queens condo at a preview for "VIPs" yesterday. The 99year leasehold condo is priced at $754 per square foot on average after a
      CHRIS LOH  -  512 words
    • Article
      Lock icon SingTel starts on US$2b undersea cable project
      404 10  -  Supply contracts awarded for cable that'll be over 6 times 'fatter' than APCN2 Reports by Teh Hooi Ling SINGAPORE Telecom is embarking on a US$2 billion ($3.5 billion) undersea cable project and has awarded the supply contracts to Tyco Submarine Systems and KDD
      404 words
    • Article
      Lock icon SingNet plugs into Genuity's global link
      314 10 SINGNET has struck an alliance with Genuity formerly the Internet arm of US telecoms company GTE to allow it to plug into the latter's global infrastructure. "With this alliance, Sing Net has instantly become a global player," said Kathryn Riley, Genuity's director, international channel
      314 words
    • Article
      Lock icon Tabloid to be launched in Nov, says SMRT
      203 10 TODA Y, the free newspaper put together by SMRT, DelGro, MediaCorp and Sing Tel, will hit the streets in November. Train operator SMRT Corp revealed this at its initial public offering press conference yesterday. The newspaper will capitalise on the transport-based partners'
      203 words
    • Article, Illustration
      Lock icon New tack needed by funds investing in life sciences
      355 10  -  Y Woozeer Singapore via Internet IT is a pleasure to see award-win-ning UOB Asset Management (UOBAM) invite public investment in its Global Healthcare Fund. Set against the serious commitment of Singapore to the development of life sciences and the successful mapping
      FILE PHOTO  -  355 words
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      249 9 iiJVi pentium*/// II fi 9 *1 if I V r The new ThinkPad T2O and ThinkPad A2O are extremely swappabie. business tools Introducing the new line of ThinkPads from IBM. Need a CD-Rom, DVD or Zip Drive? No problem. With up to Intel* Pentium* 111 processor 750 Mhz, featuring Intel*
      249 words
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      85 10 We welcome letters. E-mail us at btletter@sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. 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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  • MAIL bag
    • Article
      Lock icon How does DBS Land merger create value?
      469 11  -  Chan Wing Kee Singapore Via Internet ONE plus one equals 11? Is this the case for the merger between Pidemco and DBS Land? If so, we have not been told how the extra nine is created. Perhaps the managers of both companies hold
      469 words
    • Article
      Lock icon All financial advisers should be regulated
      182 11  -  Joseph Chong Head, First Independent Via Internet DANIEL Ling Daw Ching has raised some very current and pertinent issues in his letter ("Are bank financial planners qualified?", Mailbag, July 14). Thankfully, the Monetary Authority of Singapore will be promulgating minimum qualifications and codes to
      182 words
    • Article
      Lock icon Unit trusts cut hassles of foreign investment
      348 11  -  Denis Distant Singapore via Internet I REFER to Stewart Aldcroft's letter ("Patience needed for unit trusts". Mailbag, July 15) and suggest he has missed one reason why few stockmarket-sawy Singaporeans have actually bought unit trusts. The reason is to avoid the hassles in
      348 words
    • Article
      Lock icon Prudential wants fair play for all channels
      290 11  -  Felicia Leung Senior Manager PR Communications Prudential Assurance Co Singapore I REFER to the article "Insurance companies face shake-up in their sales force" (BT, July 14) and would like to highlight several erroneous impressions. The article claimed that on the issue of becoming
      290 words
    • Article
      Lock icon Hounding band breakers only keeps them overseas
      249 11  -  Ong Yang Peng Singapore (Via Internet) IN this day and age, the debate on whether bond breakers are "morally" right or wrong is not doing Singapore any good. Yes, ideally they should come back to work. But I see that any opportunity they
      249 words
    • Article, Illustration
      Lock icon IDD promotion in TV, press ads
      132 11  -  Foo Kim Leng (Ms) Senior Corporate Communications Manager Singapore Telecom WE refer to Alison Cousland's letter ("Why so tardy on IDD promotion, SingTel?" on July 17). Sing Tel uses a variety of channels to inform our customers of major IDD promotions. Information on the
      FILE PHOTO  -  132 words
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      11 11 For details, please call owner 417 6853 437 6872 534 3132
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      47 11 Time for a change: Rado 'Xeramo'. Always beautiful thanks to high-tech ceramics overall and a sapphire crystal to top it off. Ssl2oo. (With leather strap SS96O). j RADO Switzerland On Display now at: WATCH SALON (Level 1 Takashimaya Dept. Store) Tel: 735 5068 c C SWATCH GROUP
      47 words
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  • FOCUS property
    • Article, Illustration
      Lock icon Bungalow lots selling well in Borneo resort
      496 12 Country Heights aims to make it a model for future highland development Bernama [KUCHINGI j BORNEO Highlands Resort, a golf and jungle resort some 1,000 metres above sea level on the Penrissen Range in Sarawak, has received good response for its bungalow lots.
      Bernama; FILE PHOTO  -  496 words
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      209 12 jMB KsQEßyEjOaa j OCRA's defiftitiv* Offshor^Companie^vlbeft^^ll l^^^^^ocragcomjl LOGISTICS CENTRE FOR SALE Location Pioneer Sector vicinity Description A 3-storey warehouse building with a container depot with 4,200 TEU capacity Land Area Approx. 511,828 sq ft Built-in Area Approx. 352,779 sq ft Tenure JTC Leasehold 30+30 yrs wef Dec 1991 Please contact
      209 words
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      4 12 ■today©^^^ plianhe Zanhan Elttß
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      233 12 I v UKHUj>k bUILT FACTORY PHHiH Built in: 54,692 J Land area: 52,497sf Tenure: 60 yrs from 1981 Sale with vacant possesion For more details, kindly contact Joint Marketing Agents: Knight Wm Tan Kok Eng rrank Property Consultants 228 6894 251 7387 For Sale Luxurious Bungalow Site at Belmont Road
      233 words
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      161 12 PRIME INDUSTRIAL BUILDING FOR SALE BY TENDER Address 1 Kallang Place 1 Description A 7-storey light industrial building Tenure JTC Leasehold 30 years I wef 1/12/1994 (Bal: 24 years) Land Area Approx. 7,289 sq m (78,458.8 sq ft) Gross Floor Approx. 15,525.27 sq m Area (167,114 sq ft) Tender Closing
      161 words
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  • e-NEWS
    • Article
      Lock icon Not true that CyberWorks is taking over Hikari Tsushin
      549 13 TOKYO Hongkong report poshes price of Japanese Internet investor np by 11% Bloomberg, Reuters SHARES in battered Japanese Internet investor Hikari Tsushin shot up yesterday on a Hongkong newspaper report that it's in talks to sell a controlling stake to Pacific
      Bloomberg,; Reuters  -  549 words
    • Article
      Lock icon Global Crossing ends talks with Exodus
      334 13 SANTA CLARA, California Bloomberg GLOBAL Crossing Ltd ended talks to sell its Global Center web-hosting unit to Exodus Communications for US$6.6 billion (5511.5 billion) in stock because the price was too low, people familiar with the discussions said. Shares of Exodus, the largest company
      Bloomberg  -  334 words
    • eBriefs
      • Article
        Lock icon NTT Data, Oracle Japan in alliance
        60 13 Reuters [TOKYOJ Units of Japanese telecoms powerhouse NTT Corp and US-based Oracle Corp yesterday agreed to an e-commerce alliance. NTT Data Corp and Oracle Corp Japan will form a business-to-business (B2B) venture, they said. The two companies aim to create new e-commerce markets in
        Reuters  -  60 words
      • Article
        Lock icon Cisco invests US$100m in Liberate
        73 13 Reuters [SAN CARLOS, California] Cisco Systems, the world's larger maker of Internet equipment, made a US$lOO million (Ssl74 million) investment in Liberate Technologies Inc and will get a 3.88 per cent stake in the interactive television software maker, Liberate said yesterday. With the investment, Cisco
        Reuters  -  73 words
      • Article
        Lock icon CAW Optus Internet customers rise 32%
        63 13 Bloomberg [SYDNEY] Cable Wireless Optus Ltd said customers connecting to the Internet through phone lines rose 32 per cent since March, making Australia's No 2 phone company the fastest-growing online access provider. Optus, 53 per cent owned by UK-based Cable Wireless, had 200,000 "dial-up"
        Bloomberg  -  63 words
      • Article
        Lock icon Freeserve shares up on takeover talk
        99 13 Bloomberg [HEMEL HEMPSTEAD, England] Free serve shares rose as much as 8 per cent in morning trading yesterday after a report that Dixons, the parent of the UK's largest Internet service provider, is again in talks to sell it to T-Online International. "We are
        Bloomberg  -  99 words
      • Article
        Lock icon Crayfish subscriber cancellations up
        66 13 Bloomberg [TOKYO] Crayfish Co, a provider of e-mail services to small and medium-sized businesses in Japan, said that more than twice as many subscribers cancelled their subscriptions in June than in May. The company, which began trading on the Tokyo Stock Exchange s Mothers in March,
        Bloomberg  -  66 words
    • Article
      Lock icon NewsML – the new Internet language for world news
      321 13 NewsML the new Internet language for world news mGENEVA Industry agrees on multimedia news production standard Reuters THE world's news industry looks set to start using a new online computer language after it said yesterday it had agreed on a standard for formatting electronic content. The standard, called NewsML, is
      Reuters  -  321 words
    • Article, Illustration
      Lock icon Internet pirates, beware
      62 13 [BRUSSELS] French musician Jean-Michel Jarre and members of Irish pop group The Corrs (from second left to right) Andrea, Sharon and Caroline posing together after attending a news conference of the International Federation of the Phonographic Industry (IFPI) here on Thursday. The music industry, declaring war on
      REUTERS  -  62 words
    • Article
      Lock icon BSkyB buys control of Open for up to £525m
      502 13 LONDON It aims to offer its own interactive TV services Bloomberg BRITISH Sky Broadcasting Group, Europe's No 2 paytelevision company, agreed to pay two partners as much as £525 million (551.37 billion) in stock to gain control of the "Open" interactive
      Bloomberg  -  502 words
    • Article
      Lock icon Vodafone in £7b deal for Spain's Airtel
      198 13 mLONDON Daily Telegraph VODAFONE Air Touch has gained control of Spanish telecoms company Airtel, with an all-share deal worth about £7 billion (5518.3 billion). Airtel shareholders exchanged a 43.2 per cent stake in the company for between 2.4 billion and 3.2 billion Vodafone
      Daily Telegraph  -  198 words
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      328 13 your PRESCRIPTION to Asia's Premiere Medical, Healthcare, Occupational Safety Health Showcase 29 to 31 August 2000 Singapore International Convention Exhibition Centre HOSPiAAedica HSH <^os h Asia 2000 u 1 HTm The Occupational Safety A A MBBCnHRiH Health Exhibition for Asia HOSPlMedica ASIA 2000 from International Exhibition on countries featuring the
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  • EDITORIAL & opinion
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      Lock icon It pays defence firms to keep Star Wars alive
      827 14  -  THEHHH F^rOiOTiiMlTiTJ OPINION mohan kuppusamy The writer is BT's editorial page editor DONT expect the United States to abandon the dream of a missile defence shield just because the Usloo million (Ssl74 million) experiment went awry. An interceptor Raytheon rocket, fired
      827 words
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      Lock icon IN OTHER WORDS
      116 14 'Your council tax benefit has been stopped because there has been a change in your circumstances. The change is because you are dead.' Lambeth Council in London in a letter to William Reynolds, a cancer victim who had died in April. He was also told he could
      116 words
    • Article
      Lock icon Sogo's sorry saga
      619 14 EDITORIAL THE collapse of Sogo, a department store chain with a history dating back more than a century, says as much about the changes taking place in Japan's banking system as it does about the state of the distribution trade in Japan. What is lauded by some
      619 words
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      Lock icon Economists stumped by why shares do so well
      1008 14 Puzzle is not that there is equity-risk premium, bat that it is so much bigger than it should be RONALD Reagan regarded economists as people who see something work in practice and wonder if it would work in theory. Economic thinking about
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      Lock icon US finds that globalisation is a two-way street
      767 14  -  COMMENTARY By Paul Krugman The writer is a professor of economics at MIT NYT FOR those of us who remember the great wave of foreign investment in the United States between 1986 and 1990, it's starting to feel like deja vu all
      NYT  -  767 words
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  • REGIONAL news
    • MARKET moves
      • Article
        Lock icon Bullish on IOI's property business
        211 15 STOCKS of plantation and property group 101 Corp were active gainers yesterday, as buyers continued to pick up the stock as a proxy play for its property subsidiary 101 Properties. 101 Corp was higher by 6 sen to RM3.16 after trading to a day-high of
        211 words
      • Article
        Lock icon AMMB regains lost ground
        146 15 BANKING stock AMMB Holdings was yesterday's top gainer, picking up 60 sen to RM13.60, making up ground it lost last week as it was dogged by rumours that its proposed merger with the Utama Banking group had fallen through. Both banks are said to be waiting
        146 words
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        Lock icon Idris Hydraulics active
        153 15  -  Compiled by Diana Oon Abdullah STOCKS of Idris Hydraulics were active yesterday, as the market continued to react positively to news that the company would be undergoing a change in management and be taken over by businessman Annuar Senawi. Last week it was announced that Idris is
        153 words
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      Lock icon Another hiccup in Renong's Johor township project
      340 15  -  Its unit Prolink will not get stake in a development there Prom Eddie Toh in Kuala Lumpur RENONG Bhd has suffered another setback in its development plan for Nusajaya the massive township project next to the Second Link connecting Malaysia and Singapore. The
      340 words
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      Lock icon MAS, Qantas in talks over stake sale: report
      167 15 KUALA LUMPUR Reuters MALAYSIAN Airline System Bhd (MAS) is in talks with Qantas Airways Ltd over the sale of a stake to the Australian national carrier, a Malaysian newspaper said yesterday. Quoting unnamed industry sources, the Malaysian Business Times said that the
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      Lock icon Avenue Assets objects to Phileo, Maybank merger
      503 15  -  It cites wrong procedure, undervalued price as main reasons From Diana Oon Abdullah in Kuala Lumpur PROPERTY group Avenue Assets yesterday furnished a four-point objection to the merger between Phileo Allied Bhd and Maybank Bhd, citing wrong procedure and an undervalued price as
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      Lock icon Malaysia setting up system for online trading
      136 15 KUALA LUMPUR AFP MALAYSIA'S Securities Commission yesterday said it had started work to develop the infrastructure to implement online stock trading and an electronic reporting system. It said the physical structure of the reporting system was still being developed and a pilot implementation
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    • Article
      Lock icon SEC wants Dante Tan, 38 others charged
      559 17 MANILA Report filed accusing them of manipulating shares of gaming firm BW Resources Bloomberg iHt fnnippine securities and Exchange Commission (SEC) has asked prosecutors to file charges against Dante Tan and 38 others in connection with manipulating shares of BW Resources, a small
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      Lock icon Indon govt to recapitalise Bank Bali
      167 17 JAKARTA AFX-Asia, Reuters THE Indonesian government has decided to recapitalise PT Bank Bali after the bank's former owner and president Rudy Ramli agreed to meet all conditions set by the government, Coordinating Minister for Economy, Finance and Industry Kwik Kian Gie said yesterday. Mr
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      Lock icon Jakarta, KL finalising US$500m road deal
      103 17 JAKARTA Reuters THE Indonesian Bank Restructuring Agency (Ibra) said yesterday it expected to finalise a US$5OO minion (SsB74 mUlion) deal with a Malaysian consortium to develop staUed toll road projects in Jakarta. "We expect final negotiations to take place in Malaysia later this month,"
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      Lock icon Little improvement in HK's Q2 jobless rate
      497 18  -  Lagging effect of economic growth on employment, structural unemployment are reasons cited by economists From Quak Hiang Whai in Hongkong hunukunu s jobless situation barely improved in the second quarter despite the strengthening economy. Latest government figures show that the unemployment rate for
      AFP  -  497 words
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      Lock icon Taiwan central bank raises interest on bank reserves
      404 18 TAIPEI It hopes the extra income this year will be lent to companies Bloomberg TAIWAN'S central bank raised the rate of interest it pays on bank reserves, hoping the NT$4.B billion (Ss27o million) in additional bank income this year will be lent
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      Lock icon Half-year losses haunt increasing number of listed Chinese firms
      632 18 SHANGHAI A few strong sectors, improving economy, alleviate situation Reuters CHINA'S listed firms are heading for a grim milestone as more and more forecast interim losses, but analysts said yesterday a few strong sectors and an improving economy were taking the
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      249 15 NETRAtI HI Ss6 226 Compact Footprint Lights-out management Ruggedized carrier-grade Extremely serviceable Stacks up to 1.75 inches tall. Allows remote management packaging Front accessible media, hot-plug Up to 40 servers per rack at and increases service Able to withstand severe SCSI disks and indicator LEDs on an affordable price availability
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      393 16 (jKl* i^^^^^E|jg&.^. jJ Bfl V II Bk Br ih§ IMH I W fe fl K shS '^'r tm^ ac hieve your dreams, you need grit. Determination. Patience. And of Make further investments. Or you could even redeem this stored I s course, you need the Dreams Card. Whether you re
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      105 17 (fii) £0 (<3>; (§3) (k0 (hP) STATE OF THE MARKET NIGHT OWL BROKER DIRECT. IPO WATCH STREET BUZZ BREAKOUT ECONOMIC FLASH 1 mwwl www.asiaxis.com provides objective, unbiased and insightful financial news and information. We aim to deliver greater depth and insight to the avid investor. Our intuitive financial tools are
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      378 17 j I I I i H WKHBBmKMBKKBBKBmKBtttKKKtBKMKtK^^m Sign up for the Prudential Dreams Card and get a free Motorola 'Xf 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.
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      90 18 www.hyundal-nrxjtor.com) 2002 nm»MLScup ty3REA)Af*M The People's People Carrier The new Hyundai Trajet i i»bJt*> /^WPV i Jk4 aW^jW^^BBIK^SaE.-. 53^\ j ■■■MPHM Hyundai proudly presents the perfect MPV for the whole family. Hyundai's strive for excellence is shown by its spacious interior as well as ts added safety features for your
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  • WORLD news
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      Lock icon IMF: Euro zone is fine but don't pump-prime
      406 19 BRUSSELS Governments mnst exploit global upturn to pursue structural reform and erase deficits Reuters THE IMF believes the euro zone economy has rarely looked better but that the 11-nation currency group is overly optimistic about its prospects and must eradicate public deficits
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      Lock icon US May business inventories rise 0.8%; sales up 1%
      357 19 WASHINGTON Bloomberg INVENTORIES at US factories, wholesalers and retailers rose in May at the fastest pace in six months as businesses tried to keep pace with rising sales, government figures showed yesterday. Inventories rose 0.8 per cent in May, reflecting increased
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      Lock icon 59 die as plane crashes in eastern India
      300 19 PATNA, India AFP A DOMESTIC airliner crashed into a residential area near Patna airport in eastern India yesterday, killing 51 of the 58 passengers and crew and another eight people on the ground, officials and eyewitnesses said. Airport and medical officials said
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      Lock icon More UK public firms may go private
      357 21 LONDON More of such deals seen as investors' interest in such companies bills: KPMG Reuters MORE large British public companies are likely to go private as investors shun their shares, following the example of MEPC, a property company, KPMG Corporate Finance said yesterday.
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      Lock icon UK's Diageo mixes beer and spirit units after Pillsbury sale
      395 21 LONDON It has surplus cash to pursue growth in its drinks business Reuters BRITAIN'S food and drink group Diageo pic yesterday announced plans to integrate its UDV wines and spirits unit and Guinness brewing arm as it completed the merger
      Reuters  -  395 words
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      Lock icon Japan banks face more work to improve ratings
      474 21 Bnt SAP says recent h* nlrili c mega-mergers could have a positive impact Reuters [TOKYO] Japanese banks still have more work ahead to improve their long-term ratings. but a series of mega-mergers in the fast-changing industry could have a positive impact. Standard
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    • Article
      Lock icon Taking cue from large block sales of stocks by insiders
      739 22 NEW YORK Such sales have doubled this year and the overall numbers can be revealing NYT EYEING the buying and selling patterns of corporate insiders has for years been a good way for outside investors to gauge a company's prospects.
      NYT  -  739 words
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      Lock icon CEO of the year
      58 22 [NEW Y ORK] Cisco Systems chiefexecutive John Chambers deft) being presented with the award for "Chief Executive of the Year" on Thursday at the New York Stock Exchange by last year's recipient Her bert Kelleher, CEO of Southwest Airlines. The award is presented based on nominations
      AP  -  58 words
    • Article
      Lock icon Shift to decimals set to shake up US online stock trading
      612 22 NEW YORK Move should trim costs, sharpen competition, experts say Reuters ONLINE stock trading networks, once the cowboys on Wall Street that rustled 30 per cent of the volume from the Nasdaq stock market in a matter of years,
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      115 20 www.dbs.com *****11 ,t f 1j 1\ fc i The Lafferty Group rates DBS as the top-ranked internet banking website in Asia Pacific. The Lafferty Group, the only global benchmarking service DBS received 43 points out of a maximum of 50 and was for internet financial services, has ranked the DBS
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      16 21 zi*A-k -4 f<v -tK«. ofr'u C Just click www.wizoffice.com W2Offioe.com Vovr 0"V» Wtnrtf f "^WWWW^WWMWM—M—— r
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      103 21 The official delivery company of the 2000 Olympic Games. Long Distance Runner Tfo 2000 Olympic Games will involve 10,200 athletes in 28 sports, 5,100 officials and 15,000 media people. To do their jobs while they're there, they'll need things like track shoes, training tables, boxing gloves, cold packs, hot packs
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      350 22 NOTICES NOTICE IS HEREBY GIVEN that I, CHEW ANG BEE of Blk 239 *04-115 Bt Panjang Ring Road Singapore *****9, have applied for a 2nd Class Beer House Licence in respect of M/s Lin Ying Canteen located at No 31, Sungei Kadut, Street 2 Industrial Estate Singapore *****3, and that
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      354 22 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF HOOVER PARK PRIVATE LIMITED (IN LIQUIDATION) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held at 53 Lily Avenue Singapore *****6 on 6 July 2000 the following Resolutions were duly
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      86 22 CORRIGENDUM Re: Liquor Licence Notice in the Business Times on 14 July 2000 for Retail Beer Shop Licence The applicant's name should be Chan Sock Fung, Cecilia and not as published. Dated: 18 July 2000 CORRIGENDUM Re: Liquor Licence Notice in the Business Times 13/7/2000 M/s Sunshine 128 Mart The
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      807 22 HypoVereinsbanky Bayerische Hypo- und Vereinsbank Aktiengesellschaft incorporated in Germany Heod Office Kardinal-Faulhaber-Slrasse 1, ***** Munich, Germany Telephone (0 89) 3 78 0 Singapore Branch 1 Finlayson Green #17-01, Singapore *****6. Telephone *****83 Consolidated Balance Shoot as at December 31.1999 Consolidated Income Statement and Appropriation of Not Income (MreMXM) Miiltorts of
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      519 23 Hx-s-ta. IriHi IMDgMBMMHnBMDM I Philips Genie handphone^ with Voice Dial feature a\ Tf Yes! I want to subscribe to the new for 9 months at $168.00 and receive my free gift* fl^KT§ Sponsored by M 1 Wtfirtyi Name: (Mr/Ms/Mdm) 1 ffll Profession:. Address: Postal Code: l Contact No.: (H) (O)
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  • FINANCE & commodities
    • Article
      Lock icon STI futures rise on morning buying push
      323 24  -  SG J Derivatives TrtUUngßeports ST Index/MSCI STpore Index Chan Yet San Refco Singapore THE Singapore stock market yesterday ended two days of losses with its biggest gain in two weeks. The Straits Times Index gained 1.35 per cent to 2,107.94 points with 24
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      Lock icon Futures up for fourth straight session
      241 24  -  MS& Taiwan Index Chan Yet San Refco Singapore THE Taiwan stock market closed higher yesterday after the central bank raised the interest rate for bank reserves. The MSCI Taiwan Index gained 1.74 points or 0.46 per cent to 378.53 points. Trading volume of index
      241 words
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      Lock icon Oil dips on Opec's standby mode
      184 24 EVEROY REPORT Reuters [LONDON] Oil prices retreated yesterday after Opec president Ali Rodriguez put the cartel on stand-by to lift supplies by half a miUion barrels per day (bpd). International benchmark Brent crude for September delivery was off 59 US cents at U5528.64 per
      Reuters  -  184 words
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      Lock icon CURRENCY REPORT
      333 24 London Reuters THE yen fell to six-week lows against the US dollar and softened against the euro in early trade yesterday in a delayed reaction to the Bank of Japan's decision to leave its 17-month-old zero interest rate policy unchanged. The latest bout of weakness came as New
      Reuters  -  333 words
    • Article, Illustration
      Lock icon Untitled
      1228 24 IMTERBAlfg CROSS BATES Julr7 C$ Kwb tiro Ffr D» 1} IKh HfUk Ytw Wow ttu »Z$ NfcKt Hu> S$ Rwd Str MT$ fcHt Km* US$ JS!" 0869 V2i '£2 4541 26 W 55.780 0.633 6.510 2.223 1.266 30.*****.088 1023 4.023 0.967 18.082 23.549 0.391 0.585 UJ 5250 30.04 ***** 0.729
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      Lock icon Untitled
      1825 24 8ICOM FUTURES Jul 17 RUBBER (MmscMagi* at SJ0p«> RSS1 CONTRACT(S cantsAq} dost VotaM Open Montt HM| low Sett (towm) Interest Aug 00 113.00 Sep 00 1T7.25 400 Oct 00 118.50 Mo* 00 119.25 RSS 3 CONTRACT (US cantt/hg) Votane Open Montfc WHM* Low Soft (tonnes) Interest Aug 00 64.00 64.00
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  • STOCKS east asia
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      Lock icon Shares rise on positive interest rate signals
      2867 25 BOKGKONG AFP Q Hang Seng +248.62 HONGKONG shares closed 1.4 per cent higher yesterday, on follow-through buying following the release of benign US economic data on Friday which signalled a more positive environment for interest rates, dealers said. They said buying focused on
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      Lock icon Zero rate regime hopes push up Nikkei
      1966 25 TOKYO AFP O Nikkei 225 +143J3 SHARE prices in Tokyo closed 0.8 per cent higher yesterday on expectations the Bank of Japan would retain its zerorate monetary policy, brokers said. The Nikkei-225 Index gained 143.93 points to 17,286.83, as central bank policymakers continued
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      Lock icon CHINA
      1022 25 Reuters HShenzhenßlndex +&58 CHINA'S hard currency B shares closed higher yesterday, fuelled by firmer A shares. However, more company forecasts of interim losses deblunted market sentiment. The Shanghai B Share Index extended morning gains to end up 1.68 per cent, or 0.96 of a point, at 58.31 points with
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,022 words
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      Lock icon TAIPEI
      367 25 AFP QWP Index +67.39 TAIWAN share prices closed 0.8 per cent higher yesterday on strong buying of financial stocks after the central bank raised the interest rate for deposit reserves placed by local commercial banks, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 67.39 points to 8,585.52.
      AFP  -  367 words
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      113 25 NOTICE IS HEREBY GIVEN that, I Ng Leng Kim of No. 14, Lorong Sarhad, Singapore *****0 have applied for a Public House, First Class Licence in respect of M/s Yan Palace Restaurant Holdings Pte Ltd, located at Block 531, Upper Cross Street, #01-49, Hong Lim Complex, Singapore *****1, and that
      113 words
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      105 25 NOTICE IS HEREBY GIVEN that, I, Tay Li Wen of Blk 103 Jalan Raja #14-50 Singapore *****3, have applied for a Retail Liquor Licence in respect of M/s Adela Florist Gifts located at 160 Paya Lebar Road #04-01 Orion Industrial Building Singapore *****2, and that this application will be considered
      105 words
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      104 25 NOTICE IS HEREBY GIVEN that I, CHRISTIANI LUKMAN of Blk 313 Shunfu Road *08-267 Singapore *****3, have applied for a Public House, Second Class Licence in respect of M/s Ohsumi Japanese Restaurant located at No. 5 Keok Road, Cuppage Plaza *03-24/28 Singapore *****6, and that this application will be considered
      104 words
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      110 25 NOTICE IS HEREBY GIVEN that I, LIMTHIAN SIONG of Blk 612, Clcmcnti West Street 1, #11-312, Singapore *****2, have applied for a Public House, First Class Licence in respect of M/s New Monte Carlo Japanese Karaoke Lounge located at No. 5 Koek Road, Cuppage Plaza, #03-29 Singapore *****6, and that
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  • STOCKS klse
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      Lock icon Stocks slide on forced selling, lack of leads
      439 26 AFP Q Composite Index -9.91 MALAYSIAN shares ended 1.2 per cent lower yesterday amid forced seUing and in the absence of fresh leads, dealers said. The Kuala Lumpur Stock Exchange Composite Index finished at 846.33 points, down 9.91 points from Friday's close.
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      7868 26 INDUSTRIALS Cm—f prefects ZOOO Last Vol Day Net Cap WW «-pw COmpany Son -000 High In P/E $mil 420 310 Afinomoto 360 19.7 MS.9 *"9*4S4 76 unch 6 76 75* 172.1 670 290 Apollo Food Htg 480 10.4 192.0 3 2J2S 5 AT5 °t 3250 25 622 32.5 3175 20
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  • SGX clob & regional stocks
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      3213 27 BONDS WARRANTS n tnh Fna/ h*n L«t M Day LaiHeili t«i hum Um Urn Mk mm W* Im CMfMi Mt 000) Mt* Lot Mkr Ma MilIM Ma UN 51.5 16.5 t Acma ******4 19 -15 209 20 19 19 19.5 20 41.0 I 300 161 642 12 38 7.5 s
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      Lock icon JAKARTA
      697 27 AFP PI Composite Index -*-2.69 INDONESIAN share prices closed 0.5 per cent higher in lacklustre trading yesterday with most investors opting to remain sidelined because of economic and political concerns, dealers said. The Jakarta Stock Exchange Composite Index closed up 2.69 points at 506.80. "Everyone is looking towards July
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      Lock icon WELLINGTON
      278 27 AFP □MEE-40 -ass NEW Zealand stocks ended down 0.3 per cent yesterday with falls in key blue chips like Telekom and Carter Holt Harvey, dealers said. The benchmark NZSE-40 Capital Index closed down 3.85 points at 2,115.93 on a turnover of NZ579.6 million. (OOP) Advantage HQS 2.75 -0.01 80
      AFP  -  278 words
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      Lock icon SYDNEY
      558 27 AFP El AD Ordinaries *140 AUSTRALIAN shares rose 0.3 per cent yesterday as a strong performance by key blue chip stocks led by News Corp countered an otherwise lacklustre session, brokers said. The All Ordinaries Index rose 9.40 points to 3,273.0, just shy of the July 12 record close
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      Lock icon MANILA
      275 27 AFP Q Composite Index -7.29 PHILIPPINE shares fell 0.5 per cent amid fears that the higher-than-expected government budget deficit could prod interest rates up. The Composite Index fell 7.29 points to 1,546.60. Volume rose to 1.22 billion shares but value fell to 609 million pesos. —AFP ■M IT fOOO)
      AFP  -  275 words
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      256 27 NOTICE IS HEREBY GIVEN that I, LENATEO of Blk 169, Toa Payoh Lorong 1 #06-1056 Singapore *****9, have applied for a 2nd Class Public House Licence in respect of M/s Sakae Sushi located at SA, Raffles Avenue #02-07 Marina Leisureplex Singapore *****1, and that this application will be considered by
      256 words
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      109 27 NOTICE IS HEREBY GIVEN that I, POH JEW KWAN of Block 310 *()2-221 Shunfu Road, Singapore *****0, have applied for a Public House 2nd Class Licence in respect of M/s Sanuki Pte Ltd located at 6 Sin Ming Road *01-01/02 Sin Ming Plaza Tower 2 Singapore *****5, and that this
      109 words
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      110 27 NOTICE IS HEREBY GIVEN that I, KOH CHIN BOON of Blk 50D Marine Parade Road #16-27 Amberville Singapore *****8, have applied for a Wholesale Liquor Shop Licence in respect of M/s William Koh Trading Co. Pte Ltd located at 13 Jalan Kilang. K.H. Koh Industrial Building, Singapore *****3, and that
      110 words
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      29 28 Moving To New Frontier M wJßufMxk I H I Donovan's New Office Opening 18 July 2000 1 Kaki Bukit View #04-10 Techview Singapore *****1 Te1:846 7788 Fax:B46 7766 I
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  • Article
    Lock icon STOCKS sgx
    9387 29 SGX MADTBOARD Transaction date: Jul 17 sz Last vol Day L»»t 0«Mt* Dt» Wv ng Net Cap A™ "M" Low Company SaM COOO) High Low Buyar SaWaf C'vr $mll Price MULTI-INDUSTRY 163 101 me AcmaSOc 122 -2 38 123 122 122 123 S 43 2 1X3 211.7 123
    9,387 words
  • Page 29 Advertisements
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      73 29 m Who is behind an Audemars Piguet watch? 5 m m I cortmawaecn centre I c AVAILABLE AT: SINGAPORE: Regional Agent. Showroom ft Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. Cortina Watch Centre Ptc Ltd 501 or f h »f«« """d #01-10/11 Wheelock Place Singapore *****0. Tel: 238 6678 Fax:
      73 words
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  • KNOWLEDGE economy
    • Article, Illustration
      Lock icon A new Valhalla
      1437 30 Old Economy CEOs who can't keep pace in the frenetic new world find themselves ousted in no time. Patrick Lambe suggests that head honchos trade in their warrior aspirations for a 21st Century humility to stay in die hot seat IN ancient Nordic legend, when warrior heroes
      1,437 words
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      156 30 iftoi iff j fife- V nf t* i J n4 *< (ft; jg, j Pirates in India give shot in the arm to German pharmaceutical giant. Under threat from the WTO, India has agreed to ban the companies like Bayer, they are developing modified perhaps it's time you considered the
      156 words
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      364 31 Where to wine, dine and jUjansS Roti prata, sashimi, torn yam prawns, drunken chicken or New Zealand Outlands roast sirloin beef. You'll also stand a chance to win two air pickets yAr Japanese Buffet fcaiich q& 9ioted .a $23.90 (Adult), 40% discount (Child) Euro-Asian Buffet Dinner $24.90 (Adult), 40% discount
      364 words
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      Lock icon Page 31 Advertisements Column 2
      54 31 Fresh oysten, delectable lobsters, savoury honey-glazed ham, U.S Prime Rib of *9? Beef and many more mouth- dishes ro leave you L spoilt for choice I Lunch: 12 noon 2.30pm I Dinner 6.30pm 10.00pm I Reservations: 831 6271/88 j tisimin in UJ SuuMururr »0 A: VI IHOihjKdßo*! S«>*>porc2\Mh7 M: 7)7
      54 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      1103 31 The Business Times, Tuesday, July 18, 2000 p TVrTFT* CRYPTIC CROSSWORD Central 5 30 3-00 Pun Discovery. 10.02 Inside Story. ft la I 13 I 17 I BR [i ft —T C onn am ifiHc r on ®-®5 Wheel Of Fortune. 4.15 Love Is Payable. 10.30 B Tonight. I I
      1,103 words
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      341 32 More than meets the eye. —ft The New DBS American Express Credit Card. Exclusive Founding Member Privileges More benefits thdn you Cdfl imsgirie. A PP'y now and receive lifetime Founding Member status. Your privileges will include a limited-edition Founding Member Card, double PERKS during special annual promotions, complimentary 2-week membership
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      268 33 Reuters THE Baltic indices were mostly firmer although the actual amount of chartering was relatively quiet, brokers said. The Baltic Dry Index (BDI) rose seven points to 1,616, the Baltic Pan am ax Index gained 12 points to 1,613 and the Baltic Capesize Index firmed eight points to
      Reuters  -  268 words
    • Article
      Lock icon MARITIME STOCKS
      292 33 SCX 'CSd > *h W CWT Distribution 0.81 unch 33 Chuan Hup 0.39 0.01 2120 Co*co investment—Oil unch 70 Freight Unks 003 -0.01 288 GB Holdings 0.66 -0.01 10 Hal Sun Hup 0.39 unch 101 IMC HpMnqs-HK —5.60 uneh 0 Jaya Holdings 0.18 -0.01 604 KeppeiCprp 4.14 0.08
      292 words
    • Article
      Lock icon Intertanko calls for guidelines on detention of masters
      496 33  -  World tanker body looking to IMO for more comprehensive code of practice By Donald Urquhart [SINGAPORE] A global tanker association is calling for international guidelines on the protection of masters and crew against unjustified detentions and prosecution following concerns over what it
      496 words
    • Article, Illustration
      Lock icon Russian ship freed to join fest
      90 33 [BREST] The Sedov, a Russian ship at the centre of a diplomatic row, set sail on Sunday in the French city ofßrest, on its first trip since it was seized by bailiffs seeking assets to pay off Russian state debts. The four masted Sedov,
      AFP  -  90 words
    • Article
      Lock icon Nedlloyd seals sale of unit
      96 33 Reuters [AMSTERDAM] Dutch shipping group Koninklijke Nedlloyd NV said it had finalised the sale of its heavy transport arm Mammoet Groep to unlisted Dutch sector peer Van Seumeren Holland BV. Italy's Decafin SpA has also handed over its 33 per cent stake in Mammoet to
      Reuters  -  96 words
    • Article
      Lock icon P&O to buy Shellhaven oil refinery site on River Thames
      424 33 Group plans to redevelop site into large container port Telegraph Syndication [LONDON] P&O is to buy and redevelop the 303 hectare Shellhaven oil refinery site at Stanford le Hope, on the Essex bank of the River Thames, which is worth
      Telegraph Syndication  -  424 words
    • Article
      Lock icon Samudera wins deal to ship caustic soda
      194 33 [SINGAPORE] Main board listed Samudera Shipping Line announced that it has clinched a $11 million contract for the transportation of liquid petrochemical products. Samudera's subsidiary, Foremost Maritime, was awarded the three-year contract to distribute caustic soda in the region by Asahimas Chemical, a
      194 words
    • Article, Illustration
      Lock icon Oil removed from front part of Erika
      264 33 Reuters [RENNES, France] Ships finished pumping out thousands of tonnes of fuel oil on Sunday from the front half of a sunken tanker that caused an environmental disaster along France's Atlantic coast last winter. Organisers of the costly clean-up operation told reporters that
      Reuters; AP  -  264 words
    • EUROPEAN ports
      • Article, Illustration
        Lock icon Riding new wave of trade
        762 34 Container port industry booms as volumes soar from rising trade and tendency to containerise bulk goods Journal of Commerce [LONDON] IT'S boom time in Western Europe's container port industry, as box handlers both north and south enjoy soaring trade volumes and a growing tendency by
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    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      201 34 PAGE Djak Lloyd 8 ACL 6 Dongnama 3 AMI 3 twtr «w <> Accord 8 ECt 4 Appenship 5 KU LiM 6 Assets 8 Evergreen 6 Austral 8 FoongSun 8 Balaji Shpg 5 C Link 4 BSA 7 Gemartrans 6 B tang Mas 8 Hanqli 7 CCHI
      201 words
    • Article
      Lock icon SHIPPING GUIDE
      18943 41 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone I ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number I SIN Dest'n Name Name Number Number I Zt/m 07/08 NGPL ITHA BHUM V500 65 2277W0 To ABIDJAN (ABJ) 2003 Cot* D'lvoire I zrnt 07/01 rcl
      18,943 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        782 45 Vessel Voy No Berth Arrival Departure J«r»1 P*rt AS PWoioros 1 M 17/07/435 8/07/23:00 'K Mariner 2 JB 17/07/7:50 8/07/7:00 C Progress I7-Jrt J09 17/07/9:40 17/07/16.00 «BtJaya ***** JOt 17/07/8:30 17/07/20:00 Baftah BM005 J03 17/07/8:45 17/07/21:00 1 67S00 J03 17/07/10:00 18/07/6:30 Bayswat*rt8 M0175 J03 17/07/8:35 17/07/16:00 O M
        782 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1896 45 RECEIVIN6 OF EXPORT FCl CONTAINERS AND LCL CARGO Boofcinf/Bolonct Rstls Ship Voy No Etb/Btr Portod From To From ACI FALCON 00?l It/17 OO W N/BM IWN5* NAMO 2A N/I'OC 17/0*5* 17'MOO a 16/1700 17/045* 17/0900 1 17/0700 17/HM 77/1400 4 ITA2M IT/14M 17/1700 ACI MttlSCUS MIA li/UOO N
        1,896 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        506 45 »0 Max 990 J 0J 18.9 0.06 76 0.04 M M 0—rity Water hiWw Art *1wWw S—l—rt No abow E2S 0 0 4 0 0 0 «M/H 380 Aw 986.4 0.2 13.4 0.06 43 0.02 .t/*i 390 9939 2 0 09 99 0 04 %»M w*
        506 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        187 45 Jul 20 Japan: Marine Day. Aug 9 Singapore: National Day. Any 12 Thailand: HM The Queen's Birthday. An* lfi Germany: Assumption Day. Korea: Liberation Day. Ang 17 Indonesia: Independence Day. Ang 27 Philippines: National Heroes Day. Aug 28 United Kingdom: Summer Bank Holiday. Aug 31 Malaysia: National Day.
        187 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        748 45 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket Prices shown are baaed on average sized stem Market movements are indicated. The Cockett Bunker Price Index change
        748 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon CAL in talks to buy stake in China cargo airline
        735 46 Taiwanese carrier hopes for headstart should Taipei, Bering allow direct air links Bloomberg [SHANGHAI] China Airlines, Taiwan's state-owned airline, said it is in talks to buy a stake in a Shanghai-based cargo airline, giving it a head start should Taipei
        Bloomberg; FILE PHOTO  -  735 words
      • Article
        Lock icon China Southern Air expects strong cargo demand
        434 46 China's biggest carrier likely to expand fleet, launch new routes Reuters [HONGKONG] China Southern Airlines said it was likely to increase its fleet and introduce new routes to satisfy an expected jump in cargo demand when China entered the World Trade Organisation (WTO).
        Reuters  -  434 words
      • Article
        Lock icon Strike looms as Air Canada pilots reject arbitration
        433 46 Strike will paralyse Canada's domestic and foreign services Reuters [MONTREAL] The possibility of a strike grounding Air Canada loomed larger as the airline's 2,200 pilots rejected its offer of binding arbitration in their stalled contract talks on wages, pensions and working conditions.
        Reuters  -  433 words
      • Article
        Lock icon EU debates auction of airport slots
        131 46 Reuters [LONDON] The European Commission is debating controversial proposals that would allow a limited auction of airline take-off and landing slots, the Financial Times reported yesterday. The FT said the plan, which would end a practice whereby airlines exchanged redundant slots with each other
        Reuters  -  131 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1784 46 cnr aicwT n* Fuan no ihtto mos ofs 2250 Hi—m mm oroo «<vb *05 LM779 2305 mmmi 1*7301 mo tarn ass g 2007 *°f 0FS1 1930 Of82 2055 M7 "°5 23OT **8229 2230 076 1105 LH6373 2350 USMO 2230 SOTO 2335 SMS 2350 aa 2230 Mn
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      • Article, Illustration
        Lock icon Bangkok's mothballed transport network may be revived: report
        375 46 AFP [BANGKOK] A proposal to revive a massive elevated road and rail project for Bangkok, mothballed since the regional financial crisis hit, has been floated by the state rail authority, a report said yesterday. Hongkong's Hopewell Holdings Ltd was ordered off the
        AFP; FILE PHOTO  -  375 words
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      384 33 European ports ride new wave of trade ■Pag«2 CAL eyes stake In China cargo airline BBackPag* PFftPI c MSAS Global Logistics has announced fcfc the appointment of CK Lm as CEO for the Asia-Pacific region with effect 1 July 2000. This follows a global reorganisation resulting from the merger of
      384 words
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      714 34 NORTH AMERICA QULFf INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) QULF KARACHI EXPRESS (OKX) 1 rasa vot id HUW vissa vot mm |mi KWT I MA m am |p«-g pST 00G NETHERLANDS 20W525 M/ 04 14/07 U/07 PtO NBUOTD OANOA* ANAS Mi 07/07 07/17 H/07 11/07 11/07 17/07 11/07 H/07 OOaniTAM
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      87 34 A SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRtPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN POWT> Hong Kong ft AMCNm PortMgvmv tm.. r »un vkmi-1 VtSStl VQY ETDSIH ETATYO ETA K0» ETAYO* ETA HGO ETA OSA MED TAiCHUNG V. ***** 23 JUL
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      685 34 Ljnes s fv <»s represented by Members of ibe Registry of Members of the mHh Accredited Shipping Agervfs, Singapore Logistics Singapore Shipping Association Association g ULY UNK MAU vtssa voy [75 TTw ru P. KLANG STORE MAU Empress Lily VO6OO 16/07 18/07 25/07 Princess Lily VO5OO 28/07 30/07 08/08 Empress
      685 words
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      1075 35 SAX SERVICE (DIRECT) vbm. vot swra ux oa« pal hou 08 ax mbn «i nk tfIJMX 0211 05/07 20/07 25/07 25/07 25/07 25/07 25/07 25/07 26/07 26/07 AftGAWtT 0211 12/07 27/07 01/01 01/01 01/00 01/01 01/01 01/1 ~M/W~ 02/01 tfISPVB 021E 19/07 03/01 01/01 01/01 N/N N/N N/N N/N 09/N
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      1859 35 OHANJIN SHIPPING likFl i Ms Mfd Lot S4r. *****30 hawjwswmwc(S)rniTP >»//— b).» *****16 ********** saus 7320 m 730 oocuhhi *****/1774 opaAims ********** mwiwt *****45 fm satins aoms34nooooM TO NW USA A CANADA USA fAMAPA* FWVy,"VOY MM SM UMHAU/VOY SU~] SS IKN TO 01 KP HT OTT T~Si nt PIS TVI
      1,859 words
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      1526 36 SENATOR LINES TO UK/CONTINENT TQMEOTTERRANEANCANADA HOT MM LEW HTW ABB WW MV FU W »0Y Ml BIT IFE FOB WX WW PUBANOENATOH mum 18.67 MM HI 17 N KM MM IIM PATMOBKNATOB BBMW 11 B7 M.87 UN MM MM 12 M HANJN MEMEM MHW Ml 7 13 M UN MM
      1,526 words
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      929 36 m, am MAC-NELS SPORE M .CIA Carrier: MN CONTR LINES, WC *guoanq:<o7)3Bß372B |-|V/\~ J S®U: (084) *****0 MAMLA (632)*****24 PENANQ;(04)*****36 BANGKOK: (862)*****67 SURABAYA: (31)32*3211 P KELAMG: (03) *****77 JKT: (21)*****46 KUCH80Q(062)*****1-3 BARCELONA MV "NORASIA SHANGHAI" V.MW 333 ETA SIN: 21-7-2000 MV "NORASIA HONGKONG" V.MW 334 ETA SIN: 28-7-2000 ALSO ACCEPTING
      929 words
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      659 36 EXPRESS CONTAINER FEEDER FOR N.SHEMA (CFSMULUNO MUMBMCOLOMK) ALSO ACCEFTWG TO MX NORTMBM AND WESTERN LC-D. POINTS VMMI S PORE N SHEVA COLOMBO P KLANG CAPE CANAVERAL VI2OW a JUL VI AUG K AUG 11 AUG TULSIOAS Vl2l 30 JUL H AUG 12 AUG 11 AUG CAPE CREUS VIIOW M AUG
      659 words
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      1587 37 |VtSSfl VOY HKO KHM SIN PKi PX» jjft DAM ONC Maiden voyage. mv Iran Hormozgan PC LI 63 eta Singapore 20/7/2000, Pt Klang 22/7/2000 AGENT 64 SINGAPORE AGEHT IN MALAYSIA AGENT H MWNESIA SMOS£ MARTTME PTE LTD CR N0 **********0 M BOUSTEAO SMPPMG AGENCCS SON. BHD. PT. SMOSE CONTI PERSAOA
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      1054 37 IVIIY WKMIISMY I I" GENERAL AGENTS IN SINGAPORE: 80 ROBINSON RD TEL 226 1900 FAX: *****08 OUTWARD (l/L) COSTAR SHIPPING PTE LTD #12-00 SAUS/IXGS *****57/43 INWARD DEPT (D/ 0) *****85 COSTAft AGENCIES (M) SMI BHD a NO: **********044 SINGAPORE *****8 CONVENTIONAI *****01/850 T/SHPMT DEPT *****25 TIL 02-07-35 38)46 FAX: 02-07-*****70
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      858 37 expout impost jlHl j Ksaagssfa VESSa VOT SM 161 OA! j ttXWVKt (AMOtS Nk I) SAN VfSSB VOT 5 OAK I UN S sd!!« gas, iBF-n- 1 «E= KJ lomnai 010 C 24/ M 'v/U 0 a lUMS !~M4i W& IS/07 I 01/ M nMhM Mgg SS g. Mg Ilg
      858 words
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      623 38 mmom/m/tcmDmuNUk/fmwmmisuA snrvkxs grow vessel/voyage Jm kdm [mg [top zee anw I urv e. manomorw-om a7oT 14/04 is/oa "WW LMUMU 30/07 11/01 11/09 ?)/W n/Olj 24/09 23/09 L DELUXE IWOI4 QS/00 24/00| 24/09 28/08 21/09 [31 AM 30/09 AIM ACCEPTMG CARGO TO AND FRo9fc- FINLAND, DEN9UM, SWEDEN, RUSSIA t MOtWAY MEDfTERRANEAN/RIACK
      623 words
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      382 38 ommmnn± I ARABIAN MRSMN GLRf/MNAN SUB COMIMIT fIRVICE EXPORT VESSEL VOYAGE SGP CMR DUR MA AMI DBM lAN KMNXV TUNE 01 SAW 21/07- 01/08 02/08 04/08 UMASSBn *****11* 25/07 21/07 03/08 04/08 OVOB UNPRUOENTOI3S-00IW 25/07 21/07 04/D8 04/08 07/08 01/08 IMC HE 0174* 28/07 01/01 12/08 UN AOBBOT *****72* 31/07
      382 words
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      960 38 Ar ADVANCE CONTAINER LINES (PTE) LTD ZZ=MvL: TEL; *****21, FAX *****19. TELEX :RS ***** ACLPL Cfl NO **********06 POW BOOKINGS PUASi CALL *****22 SAUS MMMBTWq *****21-28 VtSSa I yOY VBSa VQT SM "1 JKT NyflA BHIM [BM] I 505N .19/7 Srt SMAR BAIAMIUTCI) 055 19/7 Vfrd 22/7 Sot SHSAMUT awn
      960 words
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      393 38 Si TEL OK ELANGAH ROAD *8242 CmPORT CENTRE SPORE MU2I TEL: *****11 (6 line*) FAX: *****05 TLX: RS ***** CR NO. **********0W *ssa MOT EW ETC OBIEMDN BMEUMM 3MM IM72W IM7?M PKL BALAM bmeumm mm nmnm amam ml£imnmbuntok-*/p«l baun •uGun mam tunram rsmnm PMBMNcratMMNG MGun mom ornom emkm pomtmnak Foe
      393 words
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      387 39 BSA Ml MYANMA \«BBk FIVE STAR LINE W (Myoaaar Notional Line) Loading for Yaiigon VISSIL VOT SM fll KM PGU RUWURYME 90W SU> SAGAING MW SID MALAYSIA AGENTS: ROUSTEAD SHIPPING AGENCIES KUL TU (03) *****00 PtL HI (03) 37M101 Ptlt TU (04)2****** PGU: Til (07)*****21/4 BANK LINE (A scrvkt of
      387 words
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      1306 39 HMNEHYUNDAI MERCHANT MARINE CO., LTD. |VBSa VOT SH SOU lUN I RIM I ANT I NAR I RRV IVBSR I VOT I SOU I tfll Irw I ANT HAN RRV |SM 1 APIAUMMM 316* 20/07 07/00 12/00 09/ M 10/W MAAS 5371 M/M 01/07 25/0* 27/W 11/07 TYW 530* 21/07
      1,306 words
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      701 39 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT SERVICE" fvissa VOY um mm yw tic [mo oma pi lui otf rtc ww aoo TALAOOT AMOIS 400TMJ 6.3 M 25/07 25/08 02/W 05/0f 07/ M 09/09 ToToT 12/09 10/OO lf/M TAMPfRi AHOI6 400 low i.i* 10/01 09/09 17/09
      701 words
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      862 40 mWKOIWW TA PHUT/LAMM CmiMW ffitfl YQT IMII MI MIT I Lfll I WSM WT MM *T 1 PJM J6BUHII m IMZ 1 MtHjji ***** «wmwuM" *m 15/07 mm aaz_ iM" 5$ jmqmww! 3mm mi m ml_ gas na jra fro; lETHA IHUM" 34SW USL H/O? 77/D7 fltfl AMIIDQH/ MB W&
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      379 40 i^BHS INDONESIA NATIONAL LINE TO AUSTRALIA I RJLL COWPMWEW BEWVICE va *rt_ m sw m m m m m ig m NVMHWR SSS 17/WII/W n/v »/v «i/h m/n wimi ~m om ts/v u/m m/m /iwiwm vs n/vn/m wm u/w is/w T" iyw mmmMß ~tu vmnm i*/m wm n/m is/m FEEDER
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      464 40 I VESSELS VOY 9W PKL I JED I MLA LBH RTM HAM ZEE SOT VLLE O" AQUARIUS U3OW 18AJ7 19/07 27/07 01A» 08AK 06AS OMB 11/08 12/D6 VLLE DE ANTARES L3BW 24A77 25/07 03AJ8 06A» 13M» 1S«8 16A» 1M» IMB SMW si/w bi/u iaka M ~si*g~ aw SAUPJEDOAH W3BWV [jMIJ
      464 words
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      54 43 Shantou, Dongshan, STL CONTAINER LINE ZhangZhou For Services To Vietnam Calcutta Tum to Pg 3 Mon/Wed/Fri Pg 7 Woridgate Express Lines STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers Weekly FCL/LCL ki c t c T New Europe To Services To EAST MALAYSIA AC ia btb* AblA service DETAILS Pg
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  • Page 45 Miscellaneous
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      128 45 \7 I jp I LEGEND: Issued by Meteorological Service Singapore K Thunderstorm A Showers yC\ Rain emperature Wind direction and speed in knots Cloudy Day Wea,her cxj Hazv Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds J 1 2m —-One half
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