The Business Times, 28 December 2000

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Total Pages: 36
1 36 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 028/12/2000 850 SINGAPORE THURSDAY. DECEMBER 28. 2000 Internet: http://business-times.asial .com.sg/
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  • 46 1 SUMS IAIXBT lMkUES Wednesday Change KLSECOMP dosed NIKKEI m *****.49 -2686 jJMWSHW *****M +J&1& SttTfliDEX .1 2ML47 +U1 vlWKARTACOMP—dbss<»;.,—VILA OOMP _l.4iaCpi-3.4S TAIPEI WP1 4,*****—-1H78 SBOULCOMP dosed CLSACHINAB—W 1.10 -26.96 *USfALLOH)_J.172j0§ +2S.90 ffKyl 11m EST CtaagB ttm _ifc71t.il +1169 NASDAQ 5.4*33 *4Mt SAP §00 UUJN
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  • 74 1 FOREX BATES U8$ S$ USS (S$ per US$) L7K £(l'S$/S$per£) 1.478 1647 EIJRO(US$/S$/E) 0J28 1682 Mi 2.106 LSI YEN 113J 81.70 RM 1888 Ultt HKS 7.718 4521 BAHT 4111 24.41 RUPIAH 9,420 6,488 PRIME RATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA BANGKOK 9J9 MANILA 1L» HONGKONG ..J WO TAIPEI
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  • 1015 1  -  a s exclusive Only 2 new fnnds launched despite potential of $12b in new investments By\ Serena Ng {SINGAPORE] Singaporeans will be able ti> invest their previously untouchable CPF Special Account (SA) savings Come Jan 1, yet fund managers are lukewarm over this
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  • 569 1  -  exclusive General offer could result if talks for CTn's 23% stake are successful From* Quak Hiang Whai in Hongkong CYBERCITY Holdings, a company with shareholders in* cltiaihg' Tertiasek Holdings, Fraser Neave and Singapore businessman Allan Ng, may soon take control of Hing Kong
    569 words
  • 400 1 i "(exclusive [SINGAPORE] The Fullerton, barely open for two weeks, is about to see two members of its top brass depart. Chief operating officer Manvinder Puri will serve his last day on Jan 7, while chief financial officer Colin MacDonald will leave at the end
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  • Page 1 Advertisements
    • 118 1 BT Comment Media gets plum rote If Reg FD (Regulation for Fair Disclosure) debuts here. *94 Top Stories j Jgkjm Thaksin, indicted of graft charges, is under mounting pressure to bow out of leadership race. Hmxt Page Thai telecom giant TOT gears up for liberalisation. Pg 12 HK contract manufacturer
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    • 10 1 the Shaping up as the nation s soul Executive Suite,
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    • 116 1 Hard to beat 4% Special Account returns:fund managers, Next Page I IJ nut- t'tnut /•> inr.'iiiiii /v i. j/, r f• J A i|/ r/ 1 J //A j i k hm* U- I unps. lo Hi i>i ri< < n'\ nirhiiiiln v tin mn\ im, itr X //> <//
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  • NEXT page
    • 530 2 Newspapers ask him to put country first as Thailand can't afford a period of political instability AFP [BANGKOK] The frontrunner in Thailand's impending general election, Thaksin Shinawatra, yesterday came under mounting pressure to bow out of the leadership race after being indicted on
      AFP  -  530 words
    • 825 2  -  So they are reluctant to create fluids for these investments By Serena Ng [SINGAPORE] Outperforming the 4 per cent guaranteed annual return for Special Account (SA) savings wUI not be easy to accomplish consistently, fund managers say. And this partly explains
      825 words
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  • Page 3 Advertisements
    • 81 3 BBijrw^KlF^' i "■HVPHiniH^^H^^ Every day, 60,000 people* use their mobile phone to shop. Mobile commerce is hotting up. staycool Mobile security from Ericsson, wm Worry-free mobile transactions. So are concerns about security. That's why Ericsson has deve- loped a secure online payment and transaction package for the new Mobile Internet.
      81 words

  • SINGAPORE companies
    • 473 4  -  SMT finds investor reception to electronics stocks warmer here From i Quak Hiang Whai in Hongkong ONE of the biggest and fastest-growing contract manufacturers in southern China hopes to list on the main board of the Singapore Exchange (SGX) in February. Surface Mount Technology
      473 words
    • 208 4 AFX'Asia MERRILL Lynch has lowered its intermediate-term "buy" rating for Creative Technology Ltd to "neutral", following the recent issue of a profit warning by the company. Merrill Lynch, which has maintained its long-term rating for Creative Technology at "accumulate", said in a report it does
      AFX'Asia  -  208 words
    • 919 4  -  MARKET OUTLOOK Interest rates, Well St, tech sector, regional politics and economics to dictate market direction By Ven Sreenivasan THE Singapore stock market •Should be able to ride higher next year, but how and when it gets there will depend on the impact of
      NOEL ROSALES/ST  -  919 words
    • 727 4  -  15MMH lock siew paul thompson A COMMITTEE backed by the Ministry of Finance (MQF) put forward radical proposals this month aimed at speeding up the disclosure of financial information by Singaporelisted companies. More than that, the Disclosure and Accounting Standards Committee
      727 words
  • Page 4 Advertisements
    • 201 4 DNV Petroleum Services Pte Ltd is pleased to announce its new address with effect from 1 January 2001: 27 Changi South Street 1 Singapore *****1 Tel: *****75 Fax: *****36 Email: singapore@dnvps.com Website: www.dnvps.com We thank all customers and business associates for their continued support and wish everyone good health and
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  • SINGAPORE news
    • 493 5  -  Local companies see rich picking* in places like S Korea, main la nil China and Hongkong By' Vince Chong SIZE matters, declares Jones Lang LaSalle (JLL) national director Steven Choo. That is one of the more important reasons why corporate property investments
      493 words
    • 119 5 TIGHTER emission requirements for industries listed under the Clean Air (Standards) Regulations will kick in on Jan 1, the environment ministry said on Tuesday. And from the same date, the Clean Air (Standards) Regulations will make way for the Environmental Pollution Control (Air Impurities)
      119 words
    • 204 5  -  wmzm Narayana Narayana Singapore, via Internet I refer to your column. The Bottom Line, of Dec 12 ("A misplaced blind faith in markets). Paul Krugman's view in that column makes for sober reading and reflection.. His comments appear to be particularly apposite in the
      204 words
    • 139 5  -  Robert G Foley Laona, USA, via Internet I REFER to your article, "US heading for soft landing: Wall St guru" (BT, Dec 14). Abby Cohen has been a consistent stock touter for years. Unfortunately, the facts are beginning to become apparent that the markets may
      139 words
    • 148 5  -  Wong Chong Heng Singapore, via Internet I REFER to your article, "Agents and clients up in arms over AlA's bonus cuts" by Genevieve Cua (BT, Dec 8). There is another issue which I would like to bring up. Many policy holders or potential insurance
      148 words
  • Page 5 Advertisements
    • 213 5 a? ;^Wm f; fp: v 1 4. 'pi;4&! Booked air ticket to mdB&F **»*>* Hr ■■Bli■■s' J| I IF j| m lb J HHP" 1 it |F i J| m 1 P W HHH Al I JhS' '•> ilia SBm^H 4 >™&M m m:M €rJ| Checked W fed gfgM R
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    • 77 5 £Z?Z& -i.,- '*?■<■ 4 We welcome letters. E-mail us at btletter® sph.com.sg or fax us at *****71, orwriteto: The Business < v Times, Times House, 390Kim Seng Road, Singapore *****6, We need your fuM name, address and telephone |fe number, so we can wertty It came from you. Please use
      77 words

  • EDITORIAL & opinion
    • 825 6  -  Eirra bottom line OPINION robert samuelson The Washington Post Writers Group IN 2000, the New Economy got old We relearned ancient lessons. Human nature hasn't changed People can overdo optimism (and pessimism, too). And the very faith in preordained prosperity can inspire foolish and
      The Washington Post Writers Group  -  825 words
    • 48 6 'Reality has set in, here and industrywide. The world is not full of get-rich-quick opportunities: -Stev»B«lta<r Microsoft'spresident, because a lotpf people at Microsoft and a host of other technology companies were paid in stock options, but now more than half the outstanding options are underwater.
      48 words
    • 694 6 EDITORIAL PALESTINIAN and Israeli leaders are making a last-ditch peace bid before Bill Clinton leaves office next month, hoping for a miracle in the Middle East Sadly, this does not seem to be the season for great leaps of faith. After five days of
      694 words
    • 902 6  -  What has gone wrong in economics is the overemphasis on technique at the expense of the underlying idea By Samuel Brittan FT MARGARET Thatcher once appeared in the satirical television programme Yes, Minister to say that all government economists should be
      FT; REUTERS  -  902 words
    • 805 6  -  COMMENTARY The Fed can easily fix a recession; bat panic-striken acts would be disastrous By Paul Krugman The writer is a professor of economics at the Massachusetts Institute of Technology NYT WHEN Lucy tells Charlie Brown that this time she really is going
      NYT; AP  -  805 words

  • NewAsiaBizWoman
    • 1267 7  -  The US$B million book deal and Washington house hunt are causing pundits to question her political adroitness, say chabi.eb babxmgtom and helex dewar CHARLES BABIBGTON, HELEN DEWAR LAT-WP ONLY weeks after winning her heavily publicised New York Senate race, the first lady is making headlines
      LAT-WP; FILE PHOTO  -  1,267 words
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  • e-NEWS
    • 588 8 SEATTLE Internet sales in the week ending Sunday rose 91%, says tracker of consumer ratings of Web retailers Bloomberg LEADING Internet retailers such as Amazon.com Inc, Buy.com Inc and Yahoo! Inc saw strong increase in sales last week, though some analysts said
      Bloomberg  -  588 words
    • 56 8 [NEW DELHI] Hotmail co-founder Sabeer Bhatia gestures while presenting the latest version of his Arzoo portal in New Delhi yesterday. Mrßhatia, CEO and president ofArzoo.com, said version 2.0 of the portal offers web-based IT consultancy that provides corporates with access to a global network ofexperts, who will
      AFP  -  56 words
    • 266 8 FRANKFURT AFP THE designated chief of Bertelsmann's entertainment division BMG, Rudi Gassner, died of a heart attack before he could take up his post, the German media giant announced here yesterday. Mr Gassner's death from a heart attack at his Bavarian
      AFP  -  266 words
    • 485 8 NEW YORK Finns are cutting prices to salvage weak holiday season Reuters PERSONAL computer makers are slashing prices in an effort to salvage a weak holiday shopping season, setting the stage for a possible price war over the next few months. While
      Reuters  -  485 words
    • 511 8 OTTAWA Websites offer wills, cremation aratf, funerals broadcast over the Net Reuters THERE are New Year's resolutions and then there are New Year's resolutions. Now, thanks to the Internet, you can organise your ultimate resolution with help from websites that
      Reuters; NOEL ROSALES/ST  -  511 words
  • Page 8 Advertisements
    • 113 8 mi wK Mm ft"--' JliPs: f- A?.' i>"' dim?---r*i'iA The Coffee Bean Tea Leaf* Festive Set Hlfl M and a copy of The Business Times, for Valid on 30 December only, for the price of a copy of The Business Times, you also get a tempting set meal at The
      113 words

  • REGIONAL news
    • 607 9 BANGKOK Politics may keep markets hostage and derail recovery AP POLITICAL uncertainty fostered by an official finding of corruption against the front-running candidate to become the next prime minister will put short-term downward pressure on the country's al-ready-sagging stock market,
      AP; FILE PHOTO  -  607 words
    • 247 9 ■PUTRAJAYA AFP A GROUP representing Malaysian computer dealers yesterday urged Prime Minister Mahathir Mohamad to scrap a controversial scheme to sell computers through the post office. "The decision by the cabinet will create lots of problem to the society and will have
      AFP  -  247 words
    • 442 9 PUTRAJAYA He points oat that the national carrier has social obligations Reuters PROSPECTS of Malaysia finding a foreign investor for its debt-laden national carrier dimmed yesterday with the government saying it would not cede control of the airline to outsiders. Prime Minister
      Reuters  -  442 words
    • 237 9 PUTRAJAYA AFP PRIME MINISTER Mahathir Mohamad vehemently denied yesterday that he was cracking down on Malaysia's opposition despite the arrest of nine of its members this month. Asked about the arrests at a press conference, Dr Mahathir replied: "It is not opposition leaders.
      AFP  -  237 words
    • 557 10 BANGKOK Consultants acting for creditors say move is for smooth implementation of debt revamp plan Reuters THE founder of Thai Petrochemical Industry (TPI) has been sacked as chief executive of the ailing industrial giant and replaced by a consultant acting on behalf of
      Reuters; AP  -  557 words
    • 448 10 JAKARTA Bat secnrity remains tight, with 2 mainly Christian pro vinces under red alert AFP INDONESIAN President Abdurrahman Wahid yesterday said the masterminds behind a wave of bomb attacks on churches that killed 14 people on Christmas eve were "politically motivated". "These actions
      AFP  -  448 words
    • 311 10 TOKYO Reuters ASIAN and European finance ministers will set up a study group to discuss possible foreign exchange regimes for Asia when they meet in mid-January, a Japanese Finance Ministry official said yesterday. The next Asia-Europe Meeting (Asem), to be held in Japan's
      Reuters  -  311 words
    • 538 11 TAIPEI Government won't publish results of the survey which shows increasing pessimism among businesses Bloomberg, Reuters TAIWAN'S finance ministry will not publish results of a survey showing increasing pessimism among the island's businesses, the Commercial Times reported, quoting unidentified ministry officials. The survey of more
      Bloomberg,; Reuters; REUTERS  -  538 words
    • 281 11 BEIJING Local governments must follow Beijing trade rnles: minister Reuters CHINA'S Trade Minister Shi Guangsheng has told officials to prepare for entry to the World Trade Organization, state media said yesterday, as Beijing readies for another round of WTO talks next month. China and
      Reuters  -  281 words
    • 182 11 SHANGHAI AFP CHINA is drafting amendments to its copyright and trademark laws to bring legislation more in line with international standards, state media reported yesterday. The amendments are aimed to bring China's laws up to scratch before the country joins the World Trade Organization (WTO)
      AFP  -  182 words
    • 117 11 BEIJING AFX-ASIA LEADING Chinese officials must report their private property under a new regulation to extend the government's anti-corruption drive, the People's Daily reported, quoting the senior official responsible for discipline in the Chinese Communist Party. The "family property reporting system" will be enforced
      AFX-ASIA  -  117 words
    • 333 11 BEIJING Move comes days ahead of Taipei's planned mini-links with the mainland AFP CHINA yesterday blasted Taiwanese President Chen Shuibian for side-stepping the issue of reunification with the mainland, less than a week before the island plans to inaugurate limited direct links.
      AFP  -  333 words
  • Page 9 Advertisements
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  • Page 10 Advertisements
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  • Page 11 Advertisements
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  • THAI telecom
    • 1002 12  -  Group's chief knows the clever way to soften the blow is to embrace incoming foreign telecoms giants in a strategic alliance, says w p|gw mehta HARISH MEHTA AFTER 47 unchallenged years in domestic Thai telecommunications, the Telephone Organisation of Thailand (TOT) is set to lose
      HARISH MEHTA  -  1,002 words
    • 780 12 And TOT, GAT are caught in a row over licensing ISPs THAILAND'S telecoms infrastructure development has been slowed down by turf wars among Thailand's two key telecoms players. An ambitious project to lay 10,000 kUometres of optic fibre cable across the country has
      780 words
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    • 34 12 I weekenfr§ H»«nd*v-sund«v dactmtwr 28-31 2000 K«y i «i gg g g step on I ths weekend movie review new yesr s eve nust n li3ves choc stacks >andylau's 100 th fftn > mlenniuni hang-outs
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  • WORLD news
    • 442 13 WASHINGTON Conference Board's Index has not risen for 7 months ont of 8 Bloomberg THE index of leading US economic indicators fell in November, marking the seventh month out of eight without an increase, a sign the economy may be slowing more than
      Bloomberg  -  442 words
    • 372 13 TOKYO The move is aimed at catting politicians' reliance on officials AFP JAPAN'S government will launch next week its biggest administrative shake-up since World War II in a drive to undermine the unelected bureaucrats who have shaped policy for the past five decades.
      AFP  -  372 words
    • 584 13 LONDON GlaxoSmithKline pic most show it's strong enough to overcome year's setbacks Reuters GLAXO Wellcome and SmithKline Beecham finally completed their merger yesterday to forge the world's leading drugs group by market share, three years after the tie-up was first mooted. The
      Reuters; NOEL ROSALES/ST  -  584 words
    • 876 14  -  The visionaries of the high-tech revolution seemed invincible. Investors, afraid of being left out of the telecoms and dotcom boom rushed to give them money. And then the bubble burst By Richard Waters FT [NEW YORK] THE irrepressible Jeff Bezos,
      FT; Source: FT  -  876 words
    • 315 14 WAKEFIELD, Massachusetts Killer upset over garnishing of salary to meet tax claims LATWP A 42-year-old software tester, wielding three weapons, shot and killed seven co-workers on Tuesday at the Internet consulting firm where he was employed in the United States' latest incident of
      LATWP  -  315 words
    • 469 15 TOKYO Nov industrial production falls 0.8% heightening fears of a slowdown Reuters, Bloomberg JAPAN looked set to start the new year on a sour note after industrial production fell in November, underscoring a slowdown in the corporate sector that has been the main engine
      Reuters,; Bloomberg  -  469 words
    • 183 15 TORONTO Financier, wife cheat lenders of USs66m; now in jail AFP A FRENCH bank and investors tied to the Saudi Arabian royal family are among the biggest victims in what police say is a multi-million-dollar case of fraud, a newspaper reported on Tuesday. Financier
      AFP  -  183 words
    • 347 15 WASHINGTON State governor says in the short ran Californians will have to cat electricity ase LAT-WP WITH two of his state's major electric utilities edging closer to insolvency, California Governor Gray Davis got advice on Tuesday from Federal Reserve chairman Alan Greenspan and Treasury
      LAT-WP  -  347 words
    • 125 15 SEOUL Bloomberg KOREAN riot troops dispersing some of the 12,000 Kookmin Bank and H&CB union workers from their stronghold as the government tried to keep their strike against a US$2.5 billion (554.3 billion) merger between the country's two largest banks from spreading. Armed with
      Bloomberg  -  125 words
  • Page 13 Advertisements
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  • Page 14 Advertisements
    • 1265 14 jjpT The Sanwa Bank Limited (INCORPORATED IN JAPAN) Non-Consolidated Balance Sheets Non-Consolidated Statements 31st March, 2000 and 1999 of Income and Retained Earnings For the years ended 31st March, 2000 and 1999 Millions of Yen Millions Of Ygp ASSETS: 2000 1999 Income: 2000 1999 Cash and Due from Banks V
      1,265 words
    • 676 14 UrniTriTig To advertise call toll tree 1800 741 1883 I IIW A Fax No *****98 THE COMPANIES ACT, CHATTER 50 Sodion 290(2Kb] NOTICE Of RESOLUTION D» FUND MANAGEMENT LTD (In Members' Voluntary Liquidation) At on Extraordinary General Meeting of DB FUND MANAGEMENT LTD hold at 5 Temasefc Boulevard #04-04/03 Suntac
      676 words

  • Page 15 Advertisements
    • 127 15 The Preferred Choice FP'fa JSC ai Located within the prime residential district of Mount Elizabeth, yet within easy access to the shopping and entertainment haven of Orchard Road, makes The Elizabeth a preferred choice amongst many discerning travelers. Now, there are more reasons for us being the preferred choice. Accommodation
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    • 81 15 m to,;, nkLv A i t- y^Ev^wrifc?' Rockport Boutique Basement 1, Great World City Royal Sporting House Stores: Stadium, Ngee Ann City Lucky Plaza Orchard Shopping Centre Shaw Centre Suntec City Mall Tanglin Mall Reebok Concept Store: Centrepoint Golf House: Ngee Ann City Authorised Dealers: Takashimaya Department Store, Level 3,
      81 words

  • FINANCE commodities
    • 235 16  -  MSCI Taiwan Index Lau Chee Keong Refco Singapore THE MSCI Taiwan stock market tumbled more than 2 per cent yesterday on poor economic outlook coupled with sagging earnings in the technology sector. The MSCI Taiwan index closed 4.42 points or 2.02 per cent lower to
      235 words
    • 241 16 ENERGY REPORT Reuters [LONDON] Oil prices found support yesterday from cold-er-than-normal winter weather in the West and talk among the Organisation of the Petroleum Exporting Countries (Opec) members about crude output curbs. London Brent blend futures rose 79 US cents to U5524.45 a
      Reuters  -  241 words
    • 301 16 Reuters [LONDON] Palladium jumped to a fourth successive all-time high in Europe yesterday as thin trade exacerbated price moves in a market worried about supply from Russia, traders said. The metal, a key component in autocatalysts, shot to US$972 a troy ounce at the London
      Reuters  -  301 words
    • 321 16 Reuters London THE yen hit 16-month lows against the US dollar and 10month troughs against the euro yesterday, as Japanese data reinforced the market's already heavy pessimism about the health of Japan's economy. The single currency was the beneficiary of concerns about both Japanese and US growth, mounting
      Reuters  -  321 words
    • Article, Illustration
      1226 16 DtTERBAirM CROSS RATES C$ Rwfc Eto Fir Pi H$ Wh frptak Von Won Rtt NZ$ Pak Rs Peso S$ Rand Sfr MT$ Baltt Powd US$ Australia 0.843 4.614 0.599 1927 1171 4.336 25.949 ***** 0.630 6.960 2.113 1.259 *****27.486 0.959 4.204 0.910 18.448 23.414 0277 0.556 Canada 1186 5.471 0.710
      1,226 words
    • 1805 16 SICOM FUTURES Dec 26 RUWER (futures ciastog as at 5J0|Mi) RSS1 CONTRACTS cents/kg) CtOM Volume Open Month High Low Soft (tomms) Interest Jan 01 104.25 Feb 01 105.75 50 Mar 01 108.00 1900 Apr/Am 01 11L00 300 RSS 3 CONTRACT (US c«ots/kq> Volume Open II„ f ,ff Inf mm of
      1,805 words

  • STOCKS east asia
    • 2859 17 HONGKOKG AFP Hang Seng +10.15 HONGKONG share prices rose 0.1 per cent yesterday as profit-taking in late trade offset most of the earlier gains in the banking and property sectors, dealers said. The key Hang Seng Index gained 10.15 points to close at
      AFP  -  2,859 words
    • Article, Illustration
      1086 17 Reuters W% Shenzhen B Index +0.90 SHANGHAI B shares closed down nearly 7 per cent yesterday as investors booked profits, ending a surge lasting more than a week triggered by a bourse plan to cut trading commission costs, brokers said. The Shanghai B share index finished 6.99 per cent
      Reuters; Source: Credit Lyonnais Securites (Asia) Ltd  -  1,086 words
    • 378 17 AFP gyp Index -106.73 TAIWAN share prices closed down 2.3 per cent yesterday at a five-year low on lingering political and economic concerns, dealers said. The Taiwan Stock Exchange Weighted Price Index shed 106.73 points to 4,614.63, on turnover of NT521.31 billion. Decliners outpaced gainers 447 to 52, with
      AFP  -  378 words
    • 2059 17 TOKYO AFP Q Nikkei 225 -2138 SHARE prices in Tokyo fell 0.2 per cent yesterday, pressured by a falling Nasdaq and disappointing Japanese industrial output data, brokers said. The Tokyo Stock Exchange's Nikkei--225 index lost 26.36 points to close at 13,981.49. The Topix
      AFP  -  2,059 words
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  • REGIONAL stocks
    • Article, Illustration
      739 18 AFP Q SET Index +L6l THAI share prices rose 0.6 per cent yesterday due to moderate selective buying ahead of the year-end holiday but trading was extremely thin, dealers said. The Stock Exchange of Thailand (SET) Composite Index added 1.61 points to finish at 266.47 and the SET 50
      AFP  -  739 words
    • 264 18 AFP PNZSE-40 -11.64 NEW Zealand shares closed 0.6 per cent lower in dull postholiday trade yesterday as market leader Telecom Corp fell to fresh six-year lows. The NZSE-40 Capital Index yesterday ended down 11.64 points at 1,867.85 points on light turnover of NZ574.3 million. —AFP Pat 27 MS «A
      AFP  -  264 words
    • 527 18 AFP PjAßOrtoMiw +2MO AUSTRALIAN shares rose 0.9 per cent yesterday, despite market heavyweight News Corp falling to a new low for the year, brokers said. The All Ordinaries index closed 29.9 points higher at 3,172.80, while the SP/ASX2OO index climbed 32.6 points to 3,228.6. National turnover was less than
      AFP  -  527 words
    • 448 18 In local carr In SS la US$ %dy %yr dy *yr *dy Dtc M |n||| CtMDQI cimifi ChWIQI ChMIQt CI1W99 CHM99 World Index Prelimlnery 990.7 02 -1t6 0.4 -12.0 OJ -15.1 t CAFE Pretimtnery 963.1 0.0 -9.9 0.2 -13.9 02 -17.0 Europe Prellminery 1430.6 0.0
      448 words
    • 290 18 AFP Q Composite Index -3.48 PHILIPPINE share prices fell 0.2 per cent yesterday with the Philippine Stock Exchange Composite Index down 3.48 points to close at 1,464.34. Volume fell to 407.7 million shares worth 1.78 billion pesos from 456.3 million shares worth 607 million pesos on Tuesday. —AFP Dec
      AFP  -  290 words
  • Page 18 Advertisements
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    • 19 18 oMWr §fr m Open her heart with flowers from The Straits Times Classified. Buy it S«l It Find it
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  • 9896 19 SGX MA1NB0ARD Transaction date: Dec 26 Gr Gr M Wt 52-Wk Last Vol Day Last Quote Dlv Dlv YM Net Cap Avg High Low Company Salt COOP) High Low Buyer Seller H C vr H P/C 8mll Price MULTI-INDUSTRY 163 72 m c Acma 50c 72 -2 23
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  • Page 19 Advertisements
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  • Page 20 Advertisements
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      70 words
  • Page 20 Miscellaneous
    • 839 20 r £.\J F*MM4iMTg>——^QMMft HH I 7 Honey I Shrunk The 7*0 Fikir-Fikir. L80 Search World's Best iiiiiiiMMiiiii Kids. 7*0 Tirai: Ikatan Suci. (R). 9 00 AM Kids Central: Sesa- SUM Survivor (Finale). 8*0 Berita. 2*0 Headline Graphics ArthS^ 6 J-S Upfront With Najip. 8*0 Semarak Budaya. 2*2 to 6.00 am
      839 words
    • 309 20 CRYPTIC CROSSWORD ACROSS (9) 1 Rusticpoems, possfciy written 7 rired when late (8) in oU German (8) 8 Maybe sees about a fault 5 Brave when a smal change hurt simplicity itselk (8) (6) 11 Sort of sword carried by life 9 Thought again and saved (8) peers(4) 10 If
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  • EXECUTIVESuite
    • GARDENING
      • 667 21  -  RARDFNER'Sim Laying footpaths and stepping stones in the waterlogged garden are THEEOTs answer to his losing battle with December rain THIEN's THE December rains are here again. On our morning walks, we'd know it rained heavily overnight when we see Herons out in force,
        PHOTOS BY THIEN  -  667 words
      • 603 21 BANK&FINANCE COMPANIES YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6-10 YEAR 11-35 ABN-AMRO Bank (max of 30 yrs) 3.2500 4.0000 4.7500 4.7500 4.7500 4.7500 4.7500 DBS Completed properties 2.7500 3.9000 5.0000 5.0000 5.0000 5.7500 5.7500 Properties under construction 2.7500 3.9000 5.0000 5.0000 5.0000 5.7500 5.7500 Hong
        603 words
    • HOUSE hunt
      • 353 22  -  Besides offering views of Little Guilin and Bukit Batok Nature Reserve, Hillview Regency also boasts of 6 swimming pools interspersed throughout the site. ANDREA TAN finds out more ANDREA TAN FAR East Organization sprang an early Christmas surprise on the property market by quietly releasing its Hillview
        ARTHUR LEE  -  353 words
      • 1177 22 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/ PRKE PSF STREET NAME TYPE DATE LAND AREA' (SOFT) (STOOD) (S$) District 1 Non-tended Emerald Gdn Apt 04/11/00 999 980 900 918 Emerald Gdn Apt 20/11/00 999 969 960 980 People's Park
        1,177 words
    • BY DESIGN
      • 1060 23  -  While new furniture and furnishings store Room offers a clean and contemporary range at affordable prices, Tarahome incorporates Asian crafts into interesting wares. CORINNE HERE takes a look CORINNE KERK IN the beginning, there was Cream. Then Cream took off and became more exclusive than
        RICHARD CHNG; PHOTOS OF ROOM BY ARTHUR LEE  -  1,060 words
    • 1273 24  -  With the restoration of many buildings which are put to new uses, the Civic District is shaping up as the nation's soul. CHEW finds out more about its historical, cultural and entertainment options MARISSA CHEW AS guests at The Fullerton sip their bubbly on New
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  • Page 23 Advertisements
    • 34 23 tens of thousands of dollars just to 1 nspect First process the sale of a property: inspecting the condition of the property with a pregapo listing or pre-purchase home inspection Private Limited makes sense.
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  • SHIPPING TIMES
    • 562 25  -  Coastguard detains bulk carrier that was issued safety cert by class society From David Hughes in London LLOYD'S Register (LR) auditors checking International Safety Management (ISM) Code compliance on a Maltese flag bulk carrier should have spotted that the ship had major problems,
      562 words
    • 349 25  -  ModernPort&com will improve efficiency of logistics cycles Prom, P T Bangsberg in Manila THE No 2 container terminal in Hongkong, Modern Terminals Ltd, unveiled what it calls the first Internet portal designed to provide comprehensive online services for those using its terminals. The jtte (wwwJttodernPorts.CDflfr provides
      FILE PHOTO  -  349 words
    • 78 25 (VtANADO CASTELO] Fuel oil leaksfrom Chinese-registered cargo ship Carol Bunker after the vessel ran aground at the entrance of the northern Bortugueseport of Viana do Costelo. The 170 metre ship, carrying a cargo of wood, ranagroundon Tuesday after its engine failed while waiting for
      AFP  -  78 words
    • 293 25 e«26 a w CWT DistriBution .....0.58 -0.03 K ClHMn Hup. 0-37 uncti 549 Cosca mwtnunt 0.15 unch 49 FtaigM Unks an O.Ot 156 &B Holdings 0.48 unch 0 Ml Sun Hup. 0.23 -0.01 TO IMC Holdlngs-HK —5.60 unch 0 Jay* Holdings 0.15 unch 149 KappaiCorp 3.36 unch 134
      293 words
    • PORTShots
      • 97 25 [LONDON] CP Ships subsidiaries TMM and Lykes Lines are to upgrade their shared transpacific container services from twice monthly to once every 10 days with the addition of two more ships. The route, which now has seven 1,000-1,200 TEU vessels assigned to it, is run
        97 words
      • 54 25 [LONDON] The proposed sale of Finnish operator Transfenniea to compatriot Arm Finnlines has collapsed after the latter decided that the conditions imposed by Finland's competition authorities were too stringent to be acceptable. Transfenniea is owned by a group of Finnish paper companies, none of which
        54 words
      • 54 25 [LONDON] Government-approved newbuilding orders at Japanese shipyards fell last month to 17 ships 0f698,000 gross tons, down 55.4 per cent from October's figure of 865,435 gt. However, this was still over 30 per cent higher than that achieved in November last year. As usual, bulk
        54 words
      • 77 25 [LONDON] ARAB Shipbuilding and Repair Yard Marketing Services has been appointed as exclusive UK agents for China Shipping Group's six repair yards. ASRYMAR's Peter Thornton said: "This is a significant agreement which we have now signed with the China Shipping Group and it will now enable us
        77 words
      • 72 25 [LONDON] THE captain and three members erf the crew of the Greek ro-ro ferry Nicolas A have been handed a four-year jail term and fines of US$93O (551,608) each, having been found guilty of attempting to smuggle 10 illegal immigrants into Italy. The men
        72 words
    • 166 25 AFP [HANOI] A Taiwanese cargo ship which caught fire off the southern Vietnamese city of Vung Tau was sinking after the blaze spread to its engine room, Vietnamese rescue officials said yesterday. The 6,788-tonne cargo ship Melati began to tilt and sink despite overnight
      AFP  -  166 words
    • 165 25 Reuters [LONDON] UK cruise operator P&O Princess Cruises pic said it had extended an option for the third vessel in the series of Pan am ax super liners due to be declared on Dec 15. The cruise unit, demerged from former British shipping giant
      Reuters  -  165 words
    • SHIPPING news
      • 539 26  -  For year ending Nov 30, profits of world's largest cruise line dropped 5% to U*****.5m Reports by David Hughes from London US-BASED Carnival Corporation, the world's largest cruise line, has reported a 5 per cent drop in profits for the year ending Nov 30,
        539 words
      • 237 26 DAVID HUGHES THE UK-based Salvage Association (SA), which oversees marine casualties on behalf of insurance underwriters, is to seek a new owner as it bids to further evolve into a commercial organisation in its own right. At present, the SA is owned by the
        DAVID HUGHES  -  237 words
    • 183 26 PACE ft Accord 6 Appenship 5 Assets 7 Austral 6 BaUjiShpg 5 BSA 7 B'taoq Mas 6 CCNI 7 CMACGM 3 COSCO 5 CSAV 3 n Central Ex 6 Cho Yang 5 China Shpg 5 Cougar 7 CVT Gtobelink 7 Oelmas 4 D>ak Uoyd 6 Dongnama 3
      183 words
    • 18202 32 THEBU sinesstimes THEBIISINESSTIMES EXPORT THURSDAY, DECEI ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name To ABIDJAN (ABJ) 2003 Cote D'lvoire 09/01 13/02 Delmas VILLE OE TANYA T41W 65-*****44 10/01 17/02 COSCO HUMEN BRIDGE 0011W 65-*****00 16/01 20/02 Delmas VILL DE TAURUS A41W 65-*****44 17/01 03/03 COSCO
      18,202 words
    • SHIPS IN PORT
      • 284 35 Vessel Voy No Berth Arrival Departure J*roof Port Asa Express 126-A J16 27/12/6:45 27/12/2300 BtRikoN ***** J01 27/12/8:30 27/12/2300 Kimtransl802 37 J18 27/12/11:20 27/12/17:30 Siskin Arrow 114 J17 27/12/11:50 28/12/23:00 Tirtasari V48/00 J12 27/12/12:00 28/12/12:00 Zoning 1 14/00 J03 27/12/17:00 28/12/5:00 Donfranebuli E336 J08 28/12/6.-00 29/12/6:00 C Progress
        284 words
      • 1872 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From ACX GARNET MC 29/3:00 tA 27/1S00 27/1659 27/1900 16 27/1500 27/1659 27/1900 2A 27/1700 28/0659 21/0900 21 27/1700 21/0659 26/0900 3 21/0700 28/1159 28/1400 AL MUTANABBI C118W 30/18:00 U 27/1500
        1,872 words
      • 158 35 Dec 27 Singapore: Hari Raya Puasa. Malaysia: Hari Raya Puasa. Brunei: Hari Raya Puasa. Indonesia: Hari Raya Puasa. Dec 28 Malaysia: Hari Raya Puasa. Indonesia: Hari Raya Puasa. Dec 30 Philippines: Rizal Day. Dec 31 Thailand: New Year's Eve. Jul USA: New Year's Day. Philippines: New Year's Day.
        158 words
      • 794 35 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        794 words
      • 589 35 Cartoo 180 Mm 993.0 0.4 144 0.00 72 0.02 OK M Density Water DhMin Ask Aluminium SUImiat No ibort E25 1 0 0 0 0 0 %M/H 380 AM 989.0 0.2 113 0.07 23 0.01 turn 380 Mai 992.3 0J 15.0 0.09 70 0.03 MAT3 m/m
        589 words
    • AIR & LAND transport
      • 234 36 Bloomberg [SYDNEY] Qantas Airways said it extended its takeover offer for Hazelton Airways by 19 days, giving Australia's largest airline time to consult with the country's anti-trust regulator. Last week, the Australian Competition and Consumer Commission blocked rival bids by Sydney-based Qantas
        Bloomberg  -  234 words
      • 599 36 M&cqn&rie Bank, ABN Amro among those pitching for Australia's biggest share sale next year Bloomberg [SYDNEY] ABN Amro Holding and Macquarie Bank are among banks seeking to advise on Australia's As 4 billion (553.83 billion) sale of Sydney airport, likely to
        Bloomberg; FILE PHOTO  -  599 words
      • 337 36 Italian carrier seeks court order to remove website alitaliasncksxom Bloomberg [NEW YORK] Alitalia SpA, Italy's flagship air carrier, has filed a cybersquatting lawsuit against a disgruntled passenger who registered the Internet domain name www.alitaliasucks.com after his luggage was lost. The suit, filed in federal
        Bloomberg  -  337 words
      • 208 36 AFXAsia [BANGKOK] Thai Airways International may give priority to local investors in the privatisation sale of its shares early next year, the Nation reported, citing company president Bhisit Kuslayanon. Mr Bhisit said said he recently asked his financial adviser to consider
        AFX- Asia  -  208 words
      • 1714 36 Skr. S-g MkMl AM229 2290 LM638C 2230 -sm: K***** 1535 (L0844 OSS K***** 2335 mx am <*» mm,-; ..«w<y oms SKI ag 4NMNC JBZ3 M HZ4H5 2045 *****2 HSO SO285 2045 NZ4206 2020 jMHtl 6TM8 0920 M42I noo S082 0910 V SOW M20 M422 1200 V
        1,714 words
      • 525 36 Reuters [MILAN] The Italian government launched an immediate inquiry into why thousands of passengers were left stranded at Milan's Malpensa airport on Christmas Day when a moderate snowfall brought flights to a standstill. Hundreds of flights were cancelled on Monday, leaving Italian and
        Reuters; AP  -  525 words
  • Page 25 Advertisements
    • 101 25 Carnival's 4th qtr profits down 23% p fl 2 Alitalia files cybersquatting lawsuit against passenger The advent of Information Technology and intermodal logistics solutions have dramatically changed the global logistics industry. In addition, Singapore is fast becoming the logistics hub of the region. To keep our readers updated, Shipping Times
      101 words

  • Page 26 Advertisements
    • 222 26 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Australia, New Zealand, Asia, Middle East, Europe and North America, you're always in touch with NYK with Real-Time Shipping Information (global home page) www.nykline.com vt v ■■■IgßiaroVteilrSiiiilliryi.. ..11 Slillff g«esii»lfiiiSliiiiß»T« ~-.—Jl cLr r.=.r r jj-j*''
      222 words
    • 708 26 Linn services represented by Members of the Registry of JjfF. ccrBt^ Shipping Agents, Singapore Shipping Association Members of the ••VKKSjj. Singapore Logistics Association ULY UNI MALI vissa Tvot [75 \~m Tn* P. RUNG SPORE MALI Princess Lily VO9OO 29/12 30/12 07/01 Empress Lily VOlOl U/01 15/01 23/01 Princess Lily VOlOl
      708 words

  • Page 27 Advertisements
    • 1156 27 SAX SERVICE (DIRECT) VESSEL VOY SIN ETA LAX OAK DAL HOU CM COl MEM ATI NYC API JADE 024E 08/11 23/11 2S/11 28/11 28/11 28/11 28/11 21/11 29/11 29/11 API GARNET 024E 15/11 30/11 05/12 05/12 05/12 05/12 05/12 05/12 07/12 07/12 API SPINEL 024E 22/11 07/12 12/12 12/12 12/12
      1,156 words
    • 1599 27 OHANJIN SHIPPING lik Fl U iMs Evvtyn Lm -Sales *****30 mumshewsrorn ltd h»//■».i—>» Kxxmc ramus smb *****24» docimit ********** oraATwrs mmmt:2227oss fax:*****45 emus34*3oooo*l TO NW USA CANADA USA CANADA* fW VSI/YOT MM SM UMHAII/VOT SUTO* KM PW 51 iSP HT DTT I Ht* PH IWI YVR YII YYZ HJ FBOSTOWIO63I
      1,599 words
    • 407 27 IvtSSfl. KH. I IMC J US* I fllS VOY SM JKT Silt HIS i!/li piail M/oi OOC mat lI7S 31/12 12/11 0171 Ml Ml M/II Ml 12/11 12/81 gjH SjZS K&j int bombs HIS »i/i 2 ii/II mi 11/81 BfiTTf rSTTTfifffTMBB mm BWBSW H7S Ml Ml Ml Ml Ml Ml
      407 words

  • Page 28 Advertisements
    • 1554 28 C SENATOR LINES TO UK/CONTINENT TO MEDfIKHIIANEANiCANADA Vtsstl VOY 5W LEH RTW AMR HAM IBV FIX VESgI TOY SW 6tT «Pt F0» WX HUB PUGWASH SENATOR 0014W 26.12 12 01 13.01 15.01 16.01 17.01 16.01 CHOYAHG SUCCESS 0945W 2512 11.01 13.01 15.01 17.01 24.01 HANJIN NEWYORK 0109W 2912 20.01 21.01
      1,554 words
    • 881 28 am MAC-NELS STORE M'SIA I Carrion MAN CONTR LIMES, INC P. GUDAHG: (07) *****26 IHV/Y~J on MOs **********0® S®U: (064) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (162) *****67 SURABAYA (31) *****11 P. KELANO: (03) *****77 JKT (21) *****46 KUOfINQ (082) *****1-3 POUT KLANG BANGKOK MV "MED TAICHUNG" V.l
      881 words
    • 653 28 EXPRESS CONTAINER FEEDER FOR N.SHEWk (CFS MULUNO. MUMBAICOLOMBO ALSO ACCEPTING TO ALL NORTHBW AND WESTERN I.C.D. POINTS Vessel S'PORE N. SHEVA COCHIN COLOMBO P.KLANG FRONTIER V.103W 31 DEC 09 JAN 14 JAN 19 JAN PU GLORY V.103W 97 JAN 16 JAN 21 JAN •26 JAN TULSIDAS V 136 14 JAN
      653 words

  • Page 29 Advertisements
    • 1749 29 I VESSEL VOY KHH HKO I SIN I PKI I PXB IAO PMM OIK IRAN TEHRAN PCL-187 26/12 27/12 30/12 31/12 07/01 08/01 10/01 12/01 IRAN TABATABAEI PCL-188 02/01 03/01 06/01 07/01 14/01 15/01 17/01 19/01 IRANKERMAN PCL-189 09/01 10/01 13/01 14/01 21/01 22/01 24/01 26/01 IRAN ISFAMAN PCL-190 16/01
      1,749 words
    • 1781 29 TOs COLOMBO I EVERY MONDAY I <T/T 4 DAYS) J IGENERAL AGENTS M SING APOR E: 80 ROBINSON RD TEL *****00 FAX: *****08 OUTWARD (l/l) *****02 JOHORE OfFKE: COSTAR SNIFFING PIE LTD #12-00 SALES/BKGS *****57/43 INWARD KPT (D/O) *****86 COSTAR AGENCIES (M) SDN BHD CR NO: **********00 SINGAPORE *****8 CONVENTIONAL
      1,781 words

  • Page 30 Advertisements
    • 1148 30 MEDITERRANEAN/BLACK SEA/EUROPE SERVICES EXPORT VBsa/vowg |sgp lew Ivwloe jwu |rpm Iwv Imp \m ajmrnaas* 31/1? m Kg mi ii/di 17/ Di 11/01 21/0 i 22/01 gUMtIH)OO7MMi Q7/01 H/01 21/01 23/01 2VDI HDI *01 2M)I 21/01 a UNCMI 0077-003* ivoi aw ZMW 3Mi M» 31/01 oara OVO2 OMB HUMAN 00/lOKN 21/01
      1,148 words
    • 797 30 mim mm f ja= ggfc =%==i==i== JiifiS O&ZI SLSI <M 1 os/oi Kin™ iff -ffißi ftVDi mum vn_m& m z ml mm M BE ffl JMUH£? Itm -Hfll IZAJ DSfll- j"""" fij Mj MATHUIHUN" 4WN OVOI N/01 MAftmiT* <W 7 /P' 'B/W Caßng BANGKOK (TFT) AA CaMng BKK/SBP A BKK
      797 words
    • 411 30 mmrn 1^ va wr wb m m w w w ronum <XS B/12 ®/l 2 05/01 07/01 00/01 11/011 wnnw w" Qtvr 01/01 i/ii w/ii ioi io/oi|wmbam "~"mT w/oi w/oi lyoili/oT n/w »/oi|HINCm OS 15/0114/0' n/»l 30/01 B/w| FEEDER SERVICE TO INDONESIA w vot mum am sauum at ram» nun
      411 words

  • Page 31 Advertisements
    • 462 31 BSA ii. 'MMMMMOMMMMMMMIgjMMRNiMM^^^^^M M MYANMA wBBk FIVE STAR UNE (Myairnr National Use) loading for Yonc|on VESSa VOY SIN PU P» PGU PAGAN 20SW SU> HP A-AN 202W SU) MALAYSIA AGENTS: OOUSTEAD SMPPMG AGBKKS KUk TEL 03-*****00 PKk TTL 03-*****101 PEN: TH 04-*****02 PGU: TH 07-*****21/4 BANK LINE (A snrks >1
      462 words
    • 1264 31 HYUNDAI MERCHANT MARINE CO., LTD. Ivbsb vor n sou w m ant nam [~lT] EST wor I sow |ii| Iw—lwv I I APIGOMANY V.030W 21/12 08/01 04/01 03/01 04/01 APIMMNMH «31« 27/11 02/12 29/11 30/11 21/12 MOS& \t537W 22/12 12/01 13/01 07/01 00/01 MIAMI ***** 01/12 20/11 OS/12 02/12 24/12
      1,264 words
    • 813 31 v&v WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA 'CAR RORO HEAVTUFT SERVICE" |VESSa YOT RAMP HOGHT SW IK MAO MA SAV Ml ORF NYC NEW MOI TAMPEIE AHIOI 4001 M ftj« MPT 25/01 02/02 05/02 WJto~ "W7W" WoT 12/02 W 17/01 TEXAS AH 102 4001 M 6JM 12/01 09/02 17/02
      813 words



  • Page 34 Advertisements
    • 67 34 SINGAPORE PTE LTD s 15 McCallum Street #0M)1A)2 Natwest Centre Singapore *****5 B Fait (65) *****66 Email: cenerai«ecusiii.eaiHne.net RICKMERS EAST MALAYSIA Kuching/Kota Kinabalu/Muara/Sibu Tawau/Bintulu/Labuan/Sandakan See Page 4 Call: 220 3373 FREMANTLE KYOWA INF COCOS CHRISTMAS ISLAND WEST J RN A^ L| Guam/Saipan/ Turn to Page 7 Daily r y|, Micronesia
      67 words

  • Page 35 Advertisements
  • Page 35 Miscellaneous
    • 128 35 KfflSl,. r i j3flN i- legend Meteorological Service Singapore [<£ Thunderstorm Showers p ajn Temperature c /-y Wind direction and speed in knots V Weather Cloudy Day t><l Hazy Sea Conditions Wind speed symbols S ight <1 2 m O Full circle w/o line indicates calm or light and variable
      128 words