The Business Times, 18 January 2000

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Total Pages: 42
1 42 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 035/12/1999 85C SINGAPORE Internet: htip://jusiness-times.asial .com.sg/ TUESDAY, JANUARY 18, 2000
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  • 55 1 sn (-50.49) BT-SRI MBJ6 (-23.44) flOna FUTURES 31&30 (-9.10) STOCK MAKKET INDICES Monday Change KLSECOMP 953.42 +25.18 NIKKEI !9.437.23_c+48M8 WfefW lSi'456 +32.33 S&MWi k 477.09 +2. ?2 +12-59 ■MACOMP —2,***** -4JJ7 TIPS Wp 9.315.43 +124.06 SEOUL COUP ***** +3514 CfiSAOHNA B 786.60 +3.57 AU8T ALL ORD +&30 1
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  • 82 1 FOBEX RATES us$ s$ 1>S$ 1.674 £(l£$/$S per 1.636 2.738 El!RO(US$/SS/E) 1011 1.693 DM 1.934 0.865 YEN 1061 1591 RM 3.800 0.440 HKS 7.779 0116 BAHT 3719 0 045 RUP1AH 7145 0.023 St to 100 units PBIME BATES SINGAPORE* 580 KUALA LUMPUR 7.25 JAKARTA 40.00 BANGKOK 10 00 MANILA
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  • 694 1  -  |:il exclusive They're being urged to invest in a larger swathe of hinterland in Sumatra and Rian Vang Razali Kassim [SINGAPORE] Indonesia's National Economic Council (DEN) has revealed a strategic shift in the drive to get Singapore's help in giving the
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  • 499 1  -  Dr Hn has written to Daim asking him to ask ELSE to fulfil its legal obligations By' Wong Wei Kong [SINGAPORE] Private sector offers do not provide a way out of the impasse over frozen Malaysian Clob shares, Deputy Prime Minister Lee
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  • 534 1  -  By, Andrea Tan [SINGAPORE] SUSAN Lim, Singapore's liver transplant pioneer, has been voted winner of the "Spirit of the Century" award. The award marked the culmination of a contest which started in September. Dr Lim was last night presented with a magnum
    CHRIS LOH  -  534 words
  • Page 1 Advertisements
    • 67 1 DCSTOE tut i i afc Mil BT Comment HDB premium flats put the heat on developers, says Lee Han Shih. Pg 11 Top stories Indon govt under no threat: Gus Dur. NtJrt Pago S'pore banks attractive after yesterday's beating: analysts. Pg 4 Glaxo, SmithKiine to form top drugs group. Pg
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    • 19 1 Return of New Order architect, Pg 3 Editorial: Gus Dur's tough lOOdays, Pg 12 Pariiament: More reports,. Pg 8
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    • 86 1 r m **Wk y t <JJ. fggl Hik: h tjj ■U^PBu -HffllY .MR M !|H^R*^HygMBH 1 U WiGnMx<r j t?-£* <: ■HBHBBHBBhHWBBHHHHBHHHBBBHBHBBHBHBBBBHBI You never PATEK PHILIPPE GENEVE actually own a Patek Philippe. _^s|a^. m lA\ You merely look after it |m >&m for the next generation. Begin your own tradition.
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  • NEXT page
    • ON THE grapevine
      • 104 2 HOW the Internet changes everything. A year ago, it was hard pressed for journalists to find any analyst in town to give their two cents' worth on Richard Li's Pacific Century group. There was not a single broking firm that was covering Mr Li's Singapore vehicle, Pacific Century
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      • 86 2 THE Hello Kitty rage has continued unabated, it seems. But McDonald's said yesterday that its Hello Kitty toys will not be sold at restaurants located at five locations "as a preemptive measure to avert any potential traffic congestion that may arise from vehicles queueing for Hello Kitty".
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      • 108 2 STOCK options are the hot topic of discussion among Singapore companies but one form of stock options may not come to Singapore. Efox.net, a US Internet start-up, will give 500 shares per photo shoot to each model that poses for its Web site, reports Vanity
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      • 61 2 A SEARCH through the Registry of Companies and Businesses turned up 25 companies with "Y2K" in their name, such as Y2K Crisis Control, Y2K Computer Services and Y2K Solutions. Now that we've passed into the year 2000 without any major hitches, we're wondering if anyone will be filing
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      • 90 2 EVER wondered where some of those English expressions originated? Here are a couple. "Wetting your whistle", for example, has its origins from days of yore, when a whistle was baked into the rim or handle of ceramic ale mugs. Re-fills were thus easily requisitioned with a delicate
        90 words
    • 746 2  -  Stock index jumps 12 points to 703, highest since June last year From I Shoeb Kagda in Jakarta INDONESIAN President Abdurrahman Wahid moved yesterday to suppress talk of a possible military coup, insisting that his government was under no
      FILE PHOTO  -  746 words
    • 509 2  -  I-il exclusive Parties said to have reached preliminary pact By] Kalpana Rashiwala [SINGAPORE] Property and hotel tycoon Kwek Leng Beng's Millennium Copthorne Hotels (M&C) is looking to ink a deal with top-notch hotel operator Rosewood to run the ultra luxurious hotel he plans to
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    • 484 2 Move to set global standard for future microchips AFP (SEOUL) The world's six leading semiconductor firms yesterday announced a revolutionary alliance in technology development aimed at setting a global standard for nextgeneration microchips. The firms which agreed to the landmark tie-up included US-based
      AFP  -  484 words
  • Page 2 Advertisements
    • 91 2 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong •.Bahamas Samoa Full nomihee,management, corporate secretarial and professional administration services are available. i We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
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    • 12 2 Otis Dor says he bases presidency on honesty, tolerance, openness, Pg 16
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  • INDON economy
    • 1445 3  -  WHEN President Suharto fell in 1998, his team of economic technocrats were largely discredited. But as individuals, a number of them remain respected as intellectuals. One of them is Prof Emil Salim, a quiet and enigmatic personality who has emerged as head of the
      FILE PHOTO  -  1,445 words
  • Page 3 Advertisements
    • 139 3 HHP w v ,j^ft^l# Hk .-jri -'s?»sSl^^^^E V Bhtin" K The Bose® Lifestyle® Series II home theater systems may be the world's first home theater systems to deliver the experience of 5-channel surround sound from any source. But pick up the remote and you'll soon discover it's also one of
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  • SINGAPORE companies
    • 315 4  -  Fundamentals for local bank stocks expected to reassert themselves when financial results for 1999 are unveiled By 1 Siow Li Sen SINGAPORE banks are now worth a second look after the beating they received yesterday in the market, analysts say. The heavy dumping
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    • 890 4  -  Its no job cats policy may win Siam City Bank bidding paper Fromi Harish Mehta in Bangkok THE consortium of KeppelTat Lee Bank and US venture capital firm Newbridge has better chances of winning the bid for Thailand's troubled Siam City Bank than
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    • 418 4  -  UOB is the only bank left which has yet to announce its line-np By I Siow Li Sen KEPPEL Tat Lee Bank announced the line-up of its nominating committee yesterday, the deadline to do so. It is the fourth bank to announce its panel, leaving
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    • 656 4  -  locksiew lee han shih WHATEVER one thinks about Kim Eng Holdings' recent run-in with the Commercial Affairs Department (CAD), one thing is certain: Thousands of Kim Eng investors 18,513 of them at the last count have reason to be unhappy with the
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    • 445 7  -  By' Teh Hooi Ling THAKRAL Corp Ltd said it now expects to remain in the red for the year to March 2000 after forecasting a return to profitability in its last set of final results in June 1999,
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    • COMPANYBriefs
      • 49 7 AFX-Asia [SINGAPORE! CSE Systems Engineering has 'VHfiwri to comment on market talk that it plans to acquire a US-based company. When contacted, a company spokesman would only say that CSE Systems will hold a briefing for analysts today to update them on the company's activities. -AFX-Asia
        AFX-Asia  -  49 words
      • 76 7 PACIFIC CAN Investment Holdings has asked the Singapore Exchange for an extension to Jan 31 to release its results for the year ended Sept 30,1999. The deadline for announcing its results is three months after the end of its financial period. Pac Can said that
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      • 28 7 NATIONAL Kap Ltd will change its name from tomorrow to Pakara Technology. It will be listed as Pakara with the abbreviation of Pakar.
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      • 42 7 PARKWAY Holdings said director Anil Thadani has been appointed chairman with effect from yesterday. It added that Goh Kee Song has stepped down as deputy chairman in favour of Han Cheng Fong but remains as a non-executive director.
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      • 36 7 UNITED Industrial Corp said its deemed interest in subsidiary Singapore Land held through three wholly-owned subsidiaries has increased to 202.99 million shares or 59.03 per cent of Singland's paid up capital.
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    • 647 7  -  QAF grilled over press interview, D&t&craft asked for more information By Teh Hooi Ling THE Singapore Exchange (SGX) is getting tough on companies that claim ignorance of the reason for unusually sharp swings in their share prices or trading
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    • 466 7  -  This would pot the HE firm in the same league as Japan's Softbank: Merrill By Catherine Ong HONGKONG-listed Pacific Century* CyberWorks (PCC) is set to become the next Softbank and its market value could within a year reach the US$44 billion (Ss74 billion) level
      Source: Bloomberg  -  466 words
    • 257 7  -  By: Ling Su Ann MULTI-CHEM, a value-added supplier to printed circuit board (PCB) fabricators, yesterday launched its initial public offering (IPO) of 55 million shares at 55 cents each. Representing 25 per cent of the company's enlarged share capital, the offer comprises- 36 million
      ARTHUR LEE  -  257 words
    • 285 7  -  W Teh Hooi Ling IN its first round of rate cuts this year, Singapore Telecom yesterday said International Direct Dial (IDD) rates to China, Hongkong and the United Kingdom will be reduced by up to 18 per
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    • 641 7 Singapore's high-tech firms head for the promised land Nasdaq A Nasdaq listing offers greater global exposure, higher share valuations Reuters WILD gyrations on the Nasdaq stock market have done little to quench the enthusiasm of a band of Singapore high-tech firms setting their sights to list on the technology Mecca
      Reuters  -  641 words
  • Page 4 Advertisements
    • 80 4 THE KEY TO YOUR UK PROPERTY FINANCE I r A X-r 7 v v j flHv fll is V 28X" <: iSfc^ Hi Highly competitive interest rate Fast and convenient service Flexible loan package Pre-purchase approval No pre-payment penalties For further information, please contact either Eileen Tan or Amy Wee
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  • Page 5 Advertisements
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  • SINGAPORE markets
    • 470 6 Stocks Voiumi PohLian 10c 13,686,000 Dataputee 5c 11,478,000 WngboaitJUSlOc 10.816,000 BenefunHKIOc 8,466,000 Mediafiing 10c 8,368,000 TanChonglnt50c 8.364.000 KianAnn20c 8,147,000 STEngg 10c -8,029,000 CityOevGSCW*****3 6,747,000 DBS Land 6,161,000 Stoclta > DBSGrp 93,807,594 OUB 26,896,556 PadficCentury 22,907,800 SIA 21,746,748 OC8C 19^90,173 STEngg 10c™. 18,680,120 UOB 18,631,549 DBS Land..- 17,709,003 SPH 17,667,300 MedtaHng
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    • 192 6  -  WARRANT WATCH By' Ven Sreenivasan SINGAPORE Airlines fell 60 cents to $19 on 1.1 million shares traded yesterday as investors locked in profits. The covered warrants issued by Deutsche Bank, Credit Lyonnais and DBS Bank on SIA also dipped, ranging from
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    • 555 6  -  l I comment STOCKS v.sreenivasan SINGAPORE stocks fell yesterday, bucking an uptrend in regional equities, as blue chips which had surged recently were hit by a bout of profit-taking. Some brokers also attributed the pullback to funds shifting out
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    • 268 6  -  HOT STOCK By Wong Wei Kong SHARES of construction firm Poh Lian Holdings topped the most active list yesterday and bucked the trend by rising in a falling market. Poh Lian shares closed up 2 cents or 2.8 per cent at 73 cents, after having
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    • 87 6 Tuesday, Jan 18 Hhifgnrfi ♦7.30am. Ground-breaking ceremony, Heshe-Citramas joint-venture project in Batam ♦11am. DBS press conference on "The Savings Investment Environment in Singapore Strategies for Better Returns" ♦11am. I-Comm Technology Ltd IPO launch ♦2.30pm. Trends in Indonesia seminar the first 100 days of President Abdurrahman Wahid: an
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    • 351 6  - Euro slides 13% but yen rises; Sing weighed down I:l I comment CURRENCIES larry wee THE euro was once again the main victim of selling in currency markets yesterday, pummelled by both renewed US stock market strength as well as demand for Japanese yen. The result in Asia was that
      Source: Reuters  -  351 words
  • Page 6 Advertisements
    • 95 6 JUL /Multi*Chem MULTI-CHEM LIMITED (Incorporated in the Republic of Singapore on 7 February 1985) INITIAL PUBLIC OFFERING OF 55,000,000 ORDINARY SHARES COMPRISING 22,000,000 OFFER SHARES AND 33,000,000 PLACEMENT SHARES AT $0.55 FOR EACH SHARE Application for the Shares may be made on printed Application Forms referred to in the Prospectus
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  • Page 7 Advertisements
    • 60 7 Management Skills m Workshops Courses Date: HI Managing Teams February mmm Influencing Chairing Meetings 8-9 Febaiary Tony Buzan Business Skills 10-11 February Managing Leveraging Knowledge 8 March H M| Managing Interpersonal Communication 13-14 March Managing 7 March Managing 27 March IH m Managing Decision-Making 29 March I 1 9am in
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  • PARLIAMENT news
    • 464 8  -  HAS mailing if it should make insider trading a crime in derivatives market By' Wong Wei Kong THE Monetary Authority of Singapore (MAS) is studying whether to make insider trading a crime in Singapore's derivatives markets, Deputy Prime Minister and MAS chairman Lee
      FILE PHOTO  -  464 words
    • INBrief
      • 78 8 PARLIAMENT yesterday introduced the Developmental Investment Act 2000 to set up the Developmental Investment fond. This is expected to lead to better accounting and management of public money invested for developmental purposes and to allow loans to be raised for this fund. Another
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      • 75 8 TEMASEK Holdings, the government investment holding company, has made profits averaging $2.2 billion a year over the last 10 years. It also has current shareholders' funds totalling $46 billion, Finance Minister Richard Hu said in reply to a written question. He stressed that not
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      • 62 8 CONSTRUCTION demand may pick up this year but overall the sector is likely to shrink another 8.3 per cent, said National Development Minister Mah Bow Tan. Asked if the government would accelerate public housing and infrastructural projects to help the construction sector grow, Mr Mah
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      • 78 8 THE government will set up a tripartite committee, together with the unions and employers, to review the concept of a portable medical benefits scheme to speed up its application, Manpower Minister Lee Boon Yang said yesterday. He said the government was in favour of
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    • 484 8  -  Bilateral pacts could have catalytic effects: B6 Yeo By. Audrey Tan SINGAPORE'S attempts to set up bilateral trade agreements are to some extent a reflection of its dissatisfaction at the pace of multilateral trade liberalisation, said Trade and Industry Minister George Yeo in Parliament
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    • 277 8 PARLIAMENT yesterday amended a bill to allow foreign law firms to form joint ventures and make formal alliances with local law firms. The amendments to the Legal Profession Bill mean players in Singapore's financial sector can now obtain one-stop service
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    • 308 8  -  Wong Wei Kong SINGAPORE will relax controls over its currency "carefully" and "incrementally", Deputy Prime Minister Lee Hsien Loong told Parliament yesterday. "Increasing internationalisation in the long term is inevitable but it is not something that will happen overnight," said BG Lee,
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  • SINGAPORE news
    • 71 8 IN our story yesterday headlined "Jin Fu Apartments on Amber Road up for en bloc sale", we said that the 30,552 sq ft Amber Lodge adjoining Jin Fu Apartment was recently sold. This is wrong. We have been informed by marketing agent Chambers International that Amber Lodge
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    • 275 8  -  Deal is for expansion, upgrading of its GSM network By' Teh Hooi Ling SINGAPORE'S second mobile phone operator, Mobile One, has awarded a $65 million contract to Finnish telecommunications giant Nokia for the expansion and upgrading of its GSM network. The latest expansion brings
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    • 251 8  -  PEOPLE By' Teh Hooi Ling THE Infocomm Development Authority of Singapore has hired three people to beef up its senior management. They are Brian Chen ChengJean, Kaizad Bomi Heerjee and Khoong Hock Yun, all of whom will report to chief executive officer Yong Ying-I. Dr
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    • 255 8  -  He will also open Bangalore tech park By Eugene Low PRIME Minister Goh Chok Tong left yesterday for a week-long official visit to India to explore how Singapore and India can work together in the areas of trade
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    • 373 8  -  I=M=J on the economy wages By. Anna Teo AFTER a relatively lean year in 1999, companies in Singapore expect to pay higher salary increments this year. But not higher bonuses, which apparently will remain at around 1.6 months' pay, a survey has found. According
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    • 454 9  -  It also has to build capabilities because it can't compete by just being cheap: BG Lee By, Anna Teo ENSURE that Singapore is cost-competitive, and, for the longer term, build capabilities these are the government's economic priorities, says Deputy Prime Minister Lee Hsien Loong.
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    • 325 9  -  MAILBOX George Lim Singapore IT was reported last week that the Monetary Authority of Singapore (MAS) is seriously considering lowering the commission rate of Internet (or online) trading to 0.3 per cent by June 2000. Although this represents a reduction from the present
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    • 129 9  -  Siew Tong Chai Singapore via Internet I WOULD like to comment on Mr Yuen Ka Wei's response ("Netrust gives greater security", BT, Jan 12) to Mr Distant's letter ("SGX should scrap use of Netrust", BT, Jan 7). I too support the scrapping of
      129 words
    • 431 9  -  COLLEtmvFpnEn Holland Road, Bnkit Timah sites seen fetching over $300 m By Carol Eng TWO big, prime plots one in Holland Road and the other, Bukit Timah have come onto the market and could fetch more than $300 million. Marbella Court
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  • Page 9 Advertisements
    • 67 9 E-mail: btletter@sph.com.sg You can email us at btlett9rQaph.com.sg or fax tone at *****71, or mail your letter to The Guainesa Times, Times House, 390 Kim Seng Road, Singapore *****. Please give your full name, address and telephone number. I extend, you reedom I "the first complete destination where fr p)
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  • FOCUS property
    • 563 10 Bloomberg (HONGKONG) Hongkong is about to decide which of more than a dozen companies can deploy a new, speedier telecommunications technology giving property companies a way to profit from the Internet without adding dot-com to their name. By the end of this month,
      Bloomberg; FILE PHOTO  -  563 words
    • 454 11  -  Gap between the two is too distinct, they say lhj Andrea Tan THE launch of Premium Apartments by the Housing and Development Board (HDB) is unlikely to dent demand for the lower end of the private residential spectrum, property experts say. Last
      FILE PHOTO  -  454 words
    • 634 11  -  l ll comment PROPERTY Lower-end condos will face competition for the upgrader market a few years down the road lee han shih UNTIL last week, who would have thought that the biggest setback to the Urban Redevelopment Authority's land sale programme would
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  • Page 10 Advertisements
    • 402 10 COLLECTIVE SALE I Massive High-Rise Ulu Pandan Development Site I Intl'sc'hooll Valley In Holland Area <xAk SierrSV/ N&V Existing development: Marbella Court Green I %s Land area 147,596 sq ft. Freehold title. if H\ I >/,/ Pr School J Ridgewood /<¥ Plot ratio 2.1, height restriction of up V Condo
      402 words
    • 58 10 COREX BUILDING FOR SALE Address 10 Tannery Lane Description A 7-storey factory cum warehouse building •Land Area Approx 1,782 9 sqm (19.191.14 sq ft) Gross Floor Area Approx 4.062 6 sqm (43.730 sq ft) Tenure Freehold Remarks Sale with tenancy For further enquiries, please contact Sol* Marketing Agent CB Richard
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    • 254 10 I NASSIM ROAD I J 3,998.8 sq m (43,043 sq ft); Plot Ratio 1.4; 4 storeys J Tender Closing: 28 January 2000,3 pm Investment Sales Divsion •Ng Seng Tat *****18 Sarah Kang *****! 9 Alex Chong *****20 David Ng *****16 COLLECTIVE SALE p\aas. I Prime Residential Site In Marine Parade
      254 words
    • 20 10 Office Space for Lease JUNCTIONS Directly linked to Bishan MRT station 3,745 sqft (sub-divisible) Please call Pauline of: 354 2177
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  • Page 11 Advertisements
    • 291 11 MUST S£U.4f(J Date: 20 January 2000 (Thursday) 3 pm Venue: Grand Plaza Parkroval. Ballroom 1. Level 1 Toh Tuck Road, #05-06 Signature Park, D2l 2-brms apartment, 1,033 sq ft, freehold 2) 50 Toh Tuck Road, #01-03 Signature Park, D2l 3-brms apartment, 1,410 sq ft, freehold 3) 56 Toh Tuck Road,
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    • 6 11 Buy It. Sell It. Find It.
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    • 627 11 street smart .com ©^3 Our solutions are priced to make your accountant smile. Honestly, it's possible. In fact, we've seen a few break out in smiles with our own eyes. What could have brought on this rare occurence? Look below. That's our Street Smart .Com promotion and it means savings
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  • EDITORIAL & opinion
    • 745 12  -  bottom line OPINION harish mehta The writer is BT's Bangkok correspondent THAILAND'S efforts to create a new apolitical and free-thinking Senate is coming under tremendous strain, given that those lofty ideals, no doubt inspired by Socrates, will be difficult to achieve in the highly politicised
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    • 109 12 'Those who preach love for the poor but rally against the entry of foreign funds are contradicting themselves. They do not love the poor. They merely love their doctrines and their dogmas.' -Joseph Estrada Philippine president, on his plan to amend the Constitution and remove restrictions on
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    • 650 12 EDITORIAL TWO months after Indonesian President Abdurrahman Wahid's lightning stopover in Singapore in November, Prime Minister Goh Chok Tong paid a return visit The significance of Mr Goh's trip lies as much in its symbolism and timing as in the $12 billion aid plan offered
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    • 907 12  -  With continuing US growth, workers, instead of protesting, could get "sucked into' the good times By] Louis Uchitelle NYT IT IS remarkable how a booming economy flattens ideology in this post-Cold-War era. The good times in America have many economists rewriting their views,
      NYT; FILE PHOTO  -  907 words
    • 826 12 Urge to merge ALMOST two years after the acrimonious breakdown of their last merger talks, Glaxo Wellcome and SmithKline Beecham were expected to announce their marriage on Monday. Now that they are advancing on the altar, the two UK-based pharmaceutical giants cannot afford to fall out
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  • MALAYSIA news
    • MARKET moves
      • 95 13 RETAIL players keen on stocks in the Morgan Stanley index ahead of Malaysia's reinclusion in May pushed up counters like FACB Resorts and IJM Corporation yesterday. "These counters were a natural choice for buyers looking for counters cheap relative to blue chips," noted one dealer.
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      • 130 13 SEMICONDUCTOR equipment manufacturer LKT Industrial beat the market barometer, picking up a cool 13 per cent, or 95 sen, to close at RM8.15 following an article in a local weekly recommending the stock. Recommendations by technology analysts from local house HLG Securities and Kezan Securities boosted
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      • 98 13  -  Compiled by] Diana Oon Abdullah NATIONAL carrier Malaysian Airline System Bhd rose 4 sen, or 0.9 per cent, to RM4.50 as its parent Naluri Bhd is close to finalising a plan to restructure 1.1 billion Malaysian ringgit (Ss4B4 million) of debt, reported the New Straits Times newspaper
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    • 402 13  -  Bnt analysts still sure it'll swallow np smaller institution From IA Eddie Toh in Kuala Lumpur MAYBANK is not looking to acquire RHB Bank, said its chairman Basir Ahmad yesterday. "No such thing. We are not talking to RHB Bank," he said when asked
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    • 558 13  -  KLCI closes at 953.42; 1.2b share volume highest in 6 mths, worth RM3.6b From Diana Oon Abdullah in Kuala Lumpur THE Kuala Lumpur stock market shrugged off expectations of a technical correction after last week's strong gains, and the benchmark KL Composite Index
      AP  -  558 words
    • 479 13 KUALA LUMPUR Bloomberg, AFXAsia MALAYSIA'S Time Engineering Bhd shares rose to their highest levels in more than two years after the company's telecommunications unit named Halim Saad as managing director. Mr Halim is the controlling shareholder of Renong Bhd, the
      Bloomberg,; AFX- Asia  -  479 words
  • Page 13 Advertisements
    • 23 13 The Straits Times CLASSIFIED Where buyers and sellers meet Find someone to fix your T.V. I CAT& Buy h. SeO It. Find It.
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    • 240 13 for T lease PACE A- Z Building For details, please call owner nPBI Telephone 437 6853 437 6872 534 3132 Y2K Promotion JEC' ft— MrtwHi tota* Sorwico (worth afcovo )Ioo| mi for purchaoo of 3 or mm Computors. FV *rom*fofi m*m 31 January 2000 [f*jl Options: (Pricos Includo 3% GST)
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    • 377 13 HOW YOU SPEND THE FUTURE DEPENDS ON HOW YOU SPEND THE WEEKEND. Achieving Financial Security and Personal Happiness Seminar. 26 27 February, 2 spm Harbour Pavilion (WTC). If you believe a term deposit and CPF savings will be Financial Planning Association of Singapore and the Consumers enough of a nest
      377 words

  • Page 14 Advertisements
    • 183 14 ir H E ART OF MASTE considered to be artistic masterpieces. world's most intricate complicated watch. Famed THE NEW WAY OF TELLING h about artistic endeavour as AUTOMATIC Jpj ThE RE-iNVENTION Of Time for its specially commissioned Owning a Gerald Genta is, however, n iRCERERS Designed to order. L >
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  • Page 15 Advertisements
    • 159 15 Mastering TIME" about hi cate complicated watch. Famed THE NEW WAY OF TELLING TIME contemporary appeal Double as simply a piece of contemporary I Wr c :ommissioned c Owning a Gerald Genta is, however, not just complication with only one hand". CmmSb design that is a delight to own and
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  • SOUTH east asia
    • 701 16 JAKARTA President also says that political stability is being restored in country AFX-Asia PRESIDENT Abdurrahman Wahid said he aims to make honesty, openness and religious tolerance the central themes of his government after decades of corruption under the country's previous
      AFX-Asia  -  701 words
    • 264 16 Reuters [JAKARTA) Thousands of angry Indonesian Muslims went on an anti-Christian rampage in the tourist island of Lombok yesterday, torching churches after a rally calling for an end to communal bloodshed turned violent. A resident in the capital, Mataram, told Reuters
      Reuters  -  264 words
    • 537 16 BANGKOK BTS will go ahead with its listing even if passenger loads are lower than expected Reuters THAI skytrain operator Bangkok Mass Transit System Pic (BTS) said yesterday that it planned to sell 200 million to 300 million shares
      Reuters  -  537 words
    • 486 16 BANGKOK Reuters THAILAND'S struggling finance and securities firms staged a moderate recovery in 1999 after two years of disastrous losses but analysts say it will take most of them more time to return to full health. Almost all of these firms are expected
      Reuters  -  486 words
    • 245 16 MANILA This deficit level assumes no fee rises, road user tax AFX-Asia THE budget shortfall may reach 67 billion pesos (Ss2.B billion) this year, above the ceiling of 62.5 billion, if the government fails to effect higher fees and adopt the road
      AFX-Asia  -  245 words
    • NOTEBook
      • 66 16 Bakrie unaffected by Lewis Peat Reuters [JAKARTA] Indonesian plantation company PT Bakrie Suraatera Plantation said yesterday trading difficulties faced by Lewis Peat (Rubber) Ltd in Singapore did not affect the firm. Bakrie owns 75 per cent of Lewis Peat in Singapore. "We are not affected by the trouble because we
        Reuters  -  66 words
      • 74 16 Bloomberg [MANILA] Philippine International Air Terminals Co started construction on a US$6OO million (*****.6 million) terminal at the nation's busiest airport, which will almost triple the capacity of the terminal ifs replacing, the government said. Philippine International Air, or Piatco, a group of investors
        Bloomberg  -  74 words
      • 56 16 Bloomberg [BANGKOK] Thai Petrochemical Industry, one of Thailand's biggest debtors, said it had settled a dispute vfith creditors over a plan to restructure its US$3.5 billion (555.9 billion) debt and the plan will now be submitted to Bankruptcy Court. Discussions on the plan "have been
        Bloomberg  -  56 words
      • 82 16 Bloomberg [BANGKOK] SG Asia Credit a Thai finance company controlled by Societe Generale of France and Bangkok Bank, said it asked Thailand's Finance Ministry to divest part of its stake in the company to minority shareholders. The company bought its 32-per cent stake
        Bloomberg  -  82 words
  • Page 16 Advertisements
    • 211 16 brincs YOU THE BEST BRAND&If^ IN FITNESS 1 Exhibition at Suntec City Mall (Tower 2) Tropics Atrium Level 1 From 15 ~24 Jan Daily 11 am 1 Opm) aSMr Itvcifr iCtl A% ,jVuHUu,, I SomSH-SJM IHIUIHttUttt 411 Sr""* 1 f52 CROSS m If speedbaMs J MAGNETICBIKE TRAINER II jjjjjj*** Ji
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  • EAST asia
    • 346 17 SHANGHAI Company's chairman points to Chinese telecom market's explosive growth AP IN a vote of confidence in China's booming telecoms industry, giant French equipment maker Alcatel will open its first Asian headquarters and a major research centre in Shanghai. Alcatel, which has
      AP  -  346 words
    • Article, Illustration
      102 17 [HONGKONG] A judge yawning while Hongkong judges line up outside City Hall yesterday to attend a ceremony to mark the opening ofHongkong's new legal year. It is a tradition begun by theformer British ruler of Hongkong. The territory's judges and lawyers wrapped up a tumultuous legal calendar
      AP  -  102 words
    • 254 17 TAIPEI Reuters TAIWAN'S Ritek Inc, the world's leading maker of recordable compact discs (CD-R), said yesterday it was buying out Taiwan rivals Seantram Technology Inc and AMS Technology Inc in a share swap that will boost capacity. Ritek did not reveal a
      Reuters  -  254 words
    • SINOBriefs
      • 82 17 AFP [HONGKONGJ China's official Xinhua news agency, which acted as Beijing's de facto consulate during British rule erf Hongkong, is to change its name here today to reflect more accurately its role since the handover, officials said yesterday. Xinhua will be known as the Liaison Office
        AFP  -  82 words
      • 55 17 AFX-Asia [HONGKONG] Kerry Properties Ltd unit, Kerry Logistics, and Citibank have formed a strategic alliance to supply chain customers with a business-to-business e-commerce solution, Kerry said in a statement. "By integrating commercial, financial, and fulfilment solutions, the companies will help customers evolve into electronic business-to-business ready
        AFX-Asia  -  55 words
      • 51 17 AFX-Asia [BEIJING] China Unicom is planning to float overseas in the middle of the year to fijnd its development plans, state press reported. China Unicom "is most likely to go public abroad at mid-year", the Business Weekly said in an interview with vice-president Wang
        AFX-Asia  -  51 words
      • 68 17 AFX-Asia [SHANGHAI] A total 0f3,000 Chinese state-owned enterprises returned to profit in 1999 while 2,000 others posted losses during the same year, the China Business Times said, citing government statistics. The report said the Communist Party's Central Committee had designated 1999 as
        AFX-Asia  -  68 words
      • 67 17 Reuters [TAIPEI] Taiwan's gross domestic product probably clocked 5.3-5.4 percent growth year-on-year in 1999 and is on track to accelerate to 6.2-6.3 per cent in the current year, President Lee Teng-hui was quoted on Monday as saying. "Due to the global economic recovery and
        Reuters  -  67 words
    • 417 17  -  It intends to get onto HK's Growth Enterprise Market From Meera Tharmaratnam in Hongkong HONGKONG'S version of Amazon.com. Chinese Books Cyberstore (CBC), plans to list this year on Hongkong's Growth Enterprise Market. Citing sources, the South China Morning Post reported yesterday that the online
      417 words
    • 247 17 HONGKONG Bloomberg HONGKONG'S unemployment rate fell to a five-month low as the city's economic recovery put more people back to work. The jobless rate fell to 6 per cent in the three months through December from 6.1 per cent in November. the
      Bloomberg  -  247 words
    • 505 17 BEIJING Govt will legalise business, now in regulatory grey area Reuters CHINA has set the stage for a surge in online stock trading by announcing plans to legalise an industry that has been struggling in a regulatory grey area, industry officials said yesterday. "With
      Reuters  -  505 words
  • Page 17 Advertisements
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  • SOUTH asia
    • 756 18 BOMBAY 10% growth attainable if country opens economy, improves financial system, says US treasury secretary Bloomberg INDIA can achieve growth of up to 10 per cent a year if the government speeds up economic reforms and dismantles barriers to foreign competition, US Treasury
      Bloomberg  -  756 words
    • 300 18 NEWDELHI AFP FRENCH group Michelin, the world's third largest tyre manufacturer, said on Sunday it was planning to set up a plant to make tyres in India. "We will set up a plant in India by investing about 5,000 million
      AFP  -  300 words
    • 340 18 Pakistani equity investors to reap gains finally KARACHI Confidence in new govt poshes up Karachi stock prices FT PAKISTAN'S equity investors who held on to their shares despite losses in the past 12 months now have some hope for a better future. While the economy remains weak and the country
      FT  -  340 words
  • Page 18 Advertisements
    • 687 18 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 ZENMAX (S) PTE LTD NOTICE Of SKOAL RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERA! MEETING Of THE COMPANY DULY CONVENED AND HELD AT 101 UPPER CROSS STREET #05-11 PEOPLE'S PARK CENTRE SINGAPORE *****7 ON THE 30TH
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    • 423 18 WJZTTT-\ JAYA HOLDINGS LIMITED L JIKJLfIJ (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at 13 Tuas Crescent, Singapore *****7 on Wednesday, 9 February 2000 at 11.00 a.m. for the purpose of considering and, if thought fit,
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    • 151 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BEE ANN HUP KEE PTE LTD (Incorporated in Singapore) (la Mentors' Vofcntary Liqudatioal FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap 50 that the FINAL MEETING of the members
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    • 474 18 NOTICE IS HEREBY GIVEN that I,T. RAMACHANDRAN of Blk 503, Tampines Central 1, #04-295 Singapore *****3, have applied for a Retail Liquor Shop Licence (Upgrading) in respect of M/s Shaktivel Trading located at Blk 640, Rowell Rd, *01-58 Singapore *****0, and that this application will be considered by the Liquors
      474 words
    • 427 18 NOTICE IS HEREBY GIVEN that I, KNG HWEE HWANG of 991 Bukit Timah Road #07-17 Singapore *****0, have applied for a Public House, 2nd Class Licence in respect of M/s Pennsylvania Country Oven Restaurant located at 163 Tanglin Mall Road #03-08 Singapore *****3, and that this application will be considered
      427 words

  • THE WORLD
    • 350 19 SANTA CLARA AP A TOP SECRET computer chip designed and funded by a powerful group of high-tech leaders is slated to roll out tomorrow amid a flurry of high expectations and intrigue. For the past five years, Transmeta Corp has secretly toiled
      AP  -  350 words
    • 365 19 SAN FRANCISCO Funding by US computer, software firms is largest to date for a Linux unit NYT TURBOLINUX Inc, a Linux operating system vendor with roots in the Asian computer market, received a US$57 million (5595.4 million) investment yesterday from Dell Computer, Compaq Computer,
      NYT  -  365 words
    • 298 19 TOKYO FT THE Japanese government may be leaning towards the consortium led by Softbank, the Japanese Internet group, in its choice of purchaser for the failed Nippon Credit Bank. Michio Ochi, head of the Financial Reconstruction Commission (FRC), has indicated that the decision
      FT  -  298 words
    • 281 19 LONDON Company seen as takeover target since share price fell FT REUTERS, the UK information group, has set up a new defence structure to fend off any unwanted takeover bid. Pehr Gyllenhammar, former chief executive of Volvo and chairman of CGU,
      FT  -  281 words
    • 250 19 ■LONDON Bloomberg BASS pic, owner of the Holiday Inn and other chains, agreed to pay A 5313.1 million (*****.6 million) in cash for Southern Pacific Hotel Corp (SPHC) to fill the Asia-Pacific gap in its operations. Bass will buy 59 hotels
      Bloomberg  -  250 words
  • Page 19 Advertisements
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  • WORLD news
    • 693 20 LONDON Bat their shares fall 5-10% over less-than-expected cost savings Reuters, Bloomberg GLAXO Wellcome pic and SmithKline Beecham pic said yesterday they had agreed to merge to form the world's biggest pharmaceuticals group worth £114 billion (*****.4 billion). The two British companies which
      Reuters,; Bloomberg  -  693 words
    • 379 20 LONDON Reuters IT may not have been made in heaven but scientists hailed the merger of drug giants Glaxo Wellcome Pic and SmithKline Beecham yesterday as as good a match as anyone could expect. Both are British companies with strong commitments to
      Reuters  -  379 words
    • 242 20 LONDON Reuters GLAXO Wellcome pic and SmithKline Beecham pic, the British companies which yesterday announced they were to merge to form world's biggest pharmaceuticals group, could find their first choice Internet address for the new firm has already been taken. A search
      Reuters  -  242 words
    • 639 20  -  Link to Dow fortunes may be weakening as confidence rises FYom, Anthony Rowley in Tokyo PRICES on the Tokyo stock market soared by more than 2.5 per cent yesterday with the Nikkei-225 average pushing decisively above the 19,000 level for the first time since August
      Source: Bloomberg  -  639 words
    • 588 20 LONDON G&rnier is unsullied by earlier personal conflict between Sykes and Leschly Reuters JEAN-PIERRE Gamier, a Frenchman unsullied by personal rancour involving his superiors, was named yesterday to head the proposed combination of UK drug firms SmithKline Beecham Pic and Glaxo Wellcome Pic. In
      Reuters; AP  -  588 words
    • 248 20 SEOUL AFP SOUTH Korea's biggest conglomerate, the Hyundai Group, said yesterday it would shed seven of its subsidiaries this year as part of its corporate restructuring effort. The sprawling firm plans to dispose of Inchon Iron Steel Co Ltd, Hyundai Pipe Co
      AFP  -  248 words
    • 83 20 LONDON Reuters BRITAIN'S EMI Group pic yesterday declined to comment on a German magazine report that Bertelsmann AG was considering purchasing EMI or Sony's Sony Music. "We don't comment on these sort of reports," an EMI spokesman told Reuters. Der Spiegel reported at the weekend that
      Reuters  -  83 words
    • 327 21 LONDON Most likely partners are other bourses or software houses FT THE two-centuries-old London Stock Exchange will cease to exist in its present form within three years and will probably have merged with other exchanges or computer software companies, its chief executive
      FT  -  327 words
    • 285 21 TOKYO AFXAsia THE Tokyo Stock Exchange (TSE) will amend its rules regarding delisting of stocks to facilitate corporate mergers and acquisitions (M&As), the Nihon Keizai Shimbun reported yesterday. Under current rules, a company which loses its core operations as a result of a merger
      AFX- Asia  -  285 words
    • 753 21  -  NEWSMLMk'IHM From, Leon Hadar in Washington IN a few days, the first votes in this year's presidential race will be cast in lowa, marking the start of what is expected to be a competitive but short primary season that will pit two
      AP, AFP  -  753 words
  • Page 20 Advertisements
    • 65 20 TENDER Prime Freehold Residential Land in East Coast AMBER LODGE, 50 AMBER ROAD Site Area 30,522 sq. ft. -agp -TO 4r,' Tenure Freehold Plot Ratio: 2.8 Height Up to 20 Storeys v For investment report and tender documents, please contact: La. James Chew Tel: *****193 Fax: 468 5300 TENDER CLOSES:
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  • Page 21 Advertisements
    • 281 21 E-business in the New Millennium Powering Host-based Applications for e-Business An exclusive seminar on how to move to e-business. We will address challenges you face to provide access to and management of complex e-business systems specifically in the areas of host-based systems integration. Date :26 January 2000 Venue The Casuarina
      281 words

  • FINANCE & commodities
    • 291 22  -  SGX Derivatives Tntilngßeports MSGI Singapore Index Daphne Toy Jardine Fleming THE Singapore stock market ended broadly lower yesterday despite Wall Street's firm closing last Friday on tamer-than-expected inflation numbers. Valuation and rate hike concerns, as well as switching of funds to other regional markets
      291 words
    • 172 22  -  MSCI Taiwan futures Matthew DenBleyker Refco Singapore WITH the strong performance in the stock market yesterday, SGX MSCI Taiwan Index futures gained 3.4 points or 0.81 per cent to 422.4, while the underlying MSCI cash index rose 4.08 points or 0.98 per cent to
      172 words
    • 186 22 ENERGY REPORT Reuters [LONDON] Buoyant oil prices pushed higher yesterday amid expectations of supply shortages after Opec signalled it would prolong curbs on exports beyond March. Benchmark Brent crude for March delivery was 35 US cents stronger at U5525.52
      Reuters  -  186 words
    • 341 22 Reuters T THE yen rallied to two-week highs against the euro and one-week highs against the dollar yesterday amid growing speculation that the Group of Seven finance officials will not firmly endorse a weaker yen this weekend. Meanwhile, the euro slipped to two-week lows against the dollar and
      Reuters  -  341 words
    • Article, Illustration
      1045 22 MTERBAMK CROSS RATES Janl7 ht hr> Fir 0» m hite-pMi Vw Wm m M2$P*»t Nm 1$ tmt Sir iT$ Hmt ttgj Australia 0.964 6.178 0257 4207 1284 5.165 28.904 48.107 0.698 7.441 2.523 L278 ***** 26.935 LIU 4.034 1260 20.4*4 24J24 0.406 "111 CaMda 1038 5.719 0.681 4.469 U32 5259
      1,045 words
    • 1683 22 STO011POTOBBS Jan 17 Mm (Mm cM*« at UQpa) ISS1 COffTtACTOcMtWt) CtOM VotaM OpM MM* m» Iwr Itt (t—w) Mwwt F* 00 104.75 900 H* 00 107.75 100 Apr 00 WL75 May 00 MJB tSS3CON7IAC7(UScwt*fa) Votaw OpM M—t* Uv SHI (t—hi) Mwut FA 00 6X00 61,50 6JL50 250 3035 HwOO 6450
      1,683 words

  • STOCKS east asia
    • 2851 23 HONGKONG AFP H Hang Seng +3133 HONGKONG share prices rose 0.2 per cent in cautious trade yesterday after shedding some earlier gains prompted by Friday's strong gains on Wall Street, dealers said. "Trading is cautious because of fears over interest rate hikes,"
      AFP  -  2,851 words
    • 2019 23 TOKYO AFP +480.68 BUOYED by a strong Wall Street, share prices in Tokyo surged 2.5 per cent yesterday to their highest close in two-and-a-half years, brokers said. The Tokyo Stock Exchange's Nikkei average of 225 selected issues rose 480.68 points to end at
      AFP  -  2,019 words
    • Article, Illustration
      965 23 Reuters F1 Shenzhen B Index -MUT7 SHENZHEN'S B shares closed marginally higher yesterday due to light bargain-hunting following steady declines last week. The B share index rose 0.67 point, or 0.79 per cent, to 85.53 on turnover of HK$14 million, compared with HK$17 million on Friday. "B share prices
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  965 words
    • 362 23 AFP QWF Index +***** TAIWAN'S share prices soared across the board to a two-year high yesterday after gaining 1.3 per cent on strong buying in traditional industrial sectors, dealers said. "Investors are seeking bargains in traditional industries where share prices are considerably lower amid a bullish market," said Bentham
      AFP  -  362 words
  • Page 23 Advertisements
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      52 words

  • STOCKS klse
    • 8509 24 INDUSTRIALS Consumar products 2000 Lilt Vol Day Net Cap 1— CIWPMV M> -000 Hlgti Lew HI tinii 310 Ajlnomoto 350 20 17 350 332 22J 141.9 '06 91 Angkasa 101 4 264 106 100 148.9 392 290 Apollo Food Hlg 390 12 30 390 374 9 3 156 0 2925
      8,509 words
    • 427 24 AFP, AFX-Asia PI Composite Index +25J8 MALAYSIAN share prices closed 2.7 per cent higher yesterday on frenzied buying of blue chips and Financials but ended off their highs following profit-taking, dealers said. The benchmark Kuala Lumpur Stock Exchange Composite Index surged 25.18 points
      AFP,; AFX-Asia  -  427 words
  • Page 24 Advertisements

  • SGX clob & regional stocks
    • 2591 25 BONDS WARRANTS 52-VmI it Wrats fna/ Ciatry HMi in ti u r °*y lastOeete KMX Can bar One HHa r***> "0 U» *«>•' Safer Mn 1 i Mi) i>t» Mm (Si n.iila.T uil £i Kr -jfl -s —4,—-.-I g s a a s 59 16 3161 AIITech W*****7 388 unf
      2,591 words
    • 304 25 AFP Q Composite Index +3544 THE Korea Stock Exchange Composite Index yesterday closed up 35.24 points at 983.27. Volume was 210 million shares worth 3.4 trillion won.— AFP mm Aivwn Semi ***** 380 Brtn T«cl» 1925 25 C*ntr«B«* 3350 50 CtMMComm *****0 5000 DmOuBMI 3150 -60 DMMnqCorp 4770 590
      AFP  -  304 words
    • 293 25 AFP Q Manila -187 PHILIPPINE share prices dipped 0.2 per cent yesterday as investors awaited a signal from US monetary authorities on interest rates. The Philippine Stock Exchange Composite Index fell 4.87 points to 2,097.23. Volume was 4.65 billion shares valued at 1.82 billion pesos. -AFP *h fO»W MRC
      AFP  -  293 words
    • 284 25 AFP |[J Wellington +17 NEW Zealand stocks yesterday rose 0.8 per cent on light trade worth NZ$71 million. "Just modest gains by some of the leaders allowed the market to finish 17 points ahead," said Alan Wills at Cavill White Securities. The NZSE-40 was up 17 points at 2,135.70.
      AFP  -  284 words
    • 580 25 AFP FlAIlOrdmariai *&3 AUSTRALIAN shares closed up 0.3 per cent yesterday thanks to strong gains in the banking sector and renewed investor confidence following Wall Street's strong close on Friday, brokers said. The All Ordinaries Index finished 8.3 points higher at 3,139.90. The All Industrials Index rose 27 points
      AFP  -  580 words
    • Article, Illustration
      789 25 AFP P SET Index +2.72 THAI share prices closed 0.6 per cent higher yesterday led by the finance sector, with positive sentiment supported by gains on Wall Street last week, dealers said. The Stock Exchange of Thailand Index rose 2.72 points to 477.09. Volume was 4.32 million lots worth
      AFP  -  789 words
    • Article, Illustration
      630 25 AFP Q Composite Index +12i» INDONESIAN share prices jumped 1.8 per cent yesterday in volatile trade amid speculation over political developments and rumours of a conflict between President Abdurrahman Wahid and the military, dealers said. Renewed clashes in Ambon and the burning of churches in Mataram, the capital of
      AFP  -  630 words
  • Page 25 Advertisements
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  • Page 26 Advertisements

  • Page 27 Advertisements
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  • Page 27 Miscellaneous
    • 794 27 Wl ill T t'SSMMIMM—inahnU Sweet Seventeen. 6.00 See Wed's schedules. 12.46 PM Info TV. IVw'PTTZ 10.00 The'v'amp.r, T'UIT'T I tS! Bisnes M a,ay S ia 4.00 Kidz Blitz: Little Bears. ci av r -m,- 7 1 JU »utiK. 430 Kidz Blitz: Captain Zed Millennium Forcing oS Response TV. 2.02 Primarama.
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    • 241 27 CROSSWORD ACROSS 5 Agreed to get dressed (6) 1 One Man and his Dog (4,7) 6 Delays convicts'arrests (4) 9 Saving pots for jam-making (10, 7 Getting on like Bunyan? (6,8) 8 In haste, the French bid's fixed 11 It was founded a long time ago (11) W 10 Find
      241 words

  • KNOWLEDGE economy
    • 1149 28  -  Managers need to separate reality from illusion before following the latest management craze, writes Patrick lambe PATRICK LAMBE LET'S be completely honest about this. Knowledge management is a fad. And like most things faddish and fashionable, it's going to make you look good, it's going to
      FILE PHOTOS  -  1,149 words
  • Page 28 Advertisements
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  • SHIPPING TIMES
    • 299 29 Bridge News, Reuters FIRMER panamax levels were still being seen in some trades despite the Baltic Indices indicating a slowing down in the worldwide advance of rates for these vessels, brokers said. Bunching of early capesizes continued to depress freight levels and brokers reported relatively thin demand in
      Bridge News,; Reuters  -  299 words
    • 297 29 ■m- mmmmm JmtT *f- w CWT Distribution L21 -0.02 10 Chuan Hup 0.42 0.01 3011 Cosco Investment 1.07 unch 86 Freight Links OJB unch 137 GB Holdings 0.86 0.02 9 Hal Sun Hup 0.80 ureh 145 IMC Holdings-HK 5.60 unch 0 Jaya Holdings 1.19 0.04 331 Jurong Shipyard
      297 words
    • 370 29  -  Locally-based Lemingsway Cruises was to start operations on June 13 last year By. Marcus Hand [SINGAPORE] LocaUy-based cruise venture Lemingsway Cruises has closed shop before it even took delivery of its first ship. Lemingsway Cruises was launched last year with large press
      370 words
    • PORTShots
      • 66 29 [LONDON] All 17 crew were rescued after an ageing Syrian bulk carrier sank in the eastern Mediterranean. TTie 1969-built 7,435 dwt Seven Seas was carrying steel bound for Djibouti when it sank in apparently good conditions. The crew abandoned ship and were picked up by helicopter. An
        66 words
      • 49 29 [LONDON] Brazilian authorities have found the bodies of 10 stowaways in the hold of the Liberian-flag cargo ship Karonga, which was carrying bags of cocoa beans from the Ivory Coast. The victims died from gas used to fumigate the hold and preserve the beans from pests.
        49 words
      • 84 29 Reuters [HONGKONG] Wharf (Holdings) Ltd's container terminal operation Modern Terminals Ltd said it had made 100 staff redundant because increased automation had resulted in a reduction in manpower needs. "We had some redundancy action today on 100 people," said company spokeswoman Joel Cheung recently. She
        Reuters  -  84 words
    • 227 29 AFP [PARANG, Philippines] The southern port of Pollok was paralysed yesterday after some 70 armed former Muslim guerillas seized the port demanding the government give them jobs. PoUok is one of the busiest ports in Mindanao. Police deployed outside the facility and government negotiators
      AFP  -  227 words
    • 40 29 [HARBIN] A hovercraft, filled with tourists and businessmen, sails on a river between Russia and China. The Sino-Russian border trade has increased in 1999, rising to 3.28 million tons valued at US$l.4 billion (552.3 billion). XINHUA
      XINHUA  -  40 words
    • 197 29 Reuters [NEW DELHI] Indian port authorities and unions have reached agreement on more than half of the issues in dispute and there was a good chance an indefinite strike by port workers from today could be averted, a senior official said. "In the last
      Reuters  -  197 words
    • 201 29 Reuters [BELGRADE] Initial action to reopen the Danube to shipping following last year's Nato air campaign against Yugoslavia will cost almost US$33 million (5554.78 million). The river, traditionally an important shipping route through central Europe, has been blocked to traffic since
      Reuters  -  201 words
    • 117 29 Reuters [AHMEDABAD, India] Kandla, India's busiest port, said it handled 47.78 million tonnes of cargo in calendar 1999 against 39.88 million tonnes in the previous year. Containers, food grains, petroleum products, crude oil, chemicals, logs and edible oil are shipped through
      Reuters  -  117 words
    • SINGAPORE port
      • 797 30  -  Emergence of electronic commerce points to S'pore as the foremost neutral broker uniquely qualified for global role By. Ernst G Frankel The writer is a professor at the Massachusetts Institute of Technology and this article first appeared in Port of Singapore, a publication of the
        FILE PHOTO  -  797 words
    • 166 30 PACE Dumas 4 ACL 6 AMI 3 Dongnama 3 Accord 8 tCL < Appenship 5 ECU Une 6 Austral 8 fwf r,w 6 BaUjiSftpg 5 6 BSA j dunk 4 eUnQMtt > CCNI 7 n«ngn f CMA 3 COSCO 5 4 CMV 3 HVUnd,i 7 r„L.r rtef4
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    • 22079 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT A Advartisar Vtsul Voyaga Talapftona I ETA ETA Advartisar VtlM Voyaoa Taiaphona SIN Dastn Mm. Nam* NumDar NumDar I SIN Oast'n Nam* Nam* NumDar Numbar T« ARIinuiDI /1IIUIMAJ I vm /<K CSAV IBIS OTS 65-*****55 I® /*P U DHABI <AUH) 2004 U. A. Emirates I
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    • SHIPS IN PORT
      • 616 41 Vassal Voy No Barth Arrival Departure J*a|M M Bridg* *****7 J8 I7/0V7:50 19/01/840 C Progr«< T7-JAM J09 17/01/8:50 17/01/16.40 Langmas 3 01/00 J03 17/01/9:30 17/0V2240 Bt GjpAmada ***** J01 17/01/9:45 I7/0V2339 Swtal J*y*6 0V00J J15 17/01/900 19/01/2340 Bt Afrtzal ***** *1 17/01/11:45 17/01/2340 Bt Metar ***** J01 17/01/11:15
        616 words
      • 1928 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boo*lnq/B4l«nc» Rstls Ship Voy No Etb/Btr Ptrlod From To From »CJ MHUA 017* K/lt 00 14/B00 MM 14AM U I4/T700 17/045* 17/0*00 n MM 17/OM 17/0*00 J 17 A) 700 17/IB* 17/1400 4 17/1200 17/MW 17/1700 MtfMW UK MM MM
        1,928 words
      • 187 41 Jan 34 New Zealand: Market and Public Holiday, Wellington Anniversary Day. Jan 31 New Zealand: Market and Public Holiday, Auckland Anniversary Day. Jan 0 Sweden: Financial Market Close. Fab New Zealand: Public Holiday, Waitangi Day. Germany: Epiphany Day. Sweden: Epiphany Day. MarlB Taiwan: Market Holiday for Presidential Election.
        187 words
      • 798 41 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are indi cated The Cockett Bunker Price Index change and
        798 words
      • 447 41 Carbon 180 Max 990.5 0.8 19.0 0.08 78 0.06 JmU Dmlti Water NsMm Ash UwMw S»4h—t No abow E25 0 0 20 0 0 0 r-TTT 380 Am 985 J 0 J M.1 0.05 35 0.02 tZm 380 Max 992.5 17 17.7 0.09 72 0.05 K/IT3
        447 words
    • AIR & LAND transport
      • 189 42 Reuters [MELBOURNE] Ansett Australia said yesterday a baggage handlers' strike that has disrupted flights to and from the island state of Tasmania is over. A ban on handling luggage from flights by Ansett and its subsidiary Kendell Airlines into and out of Hobart and
        Reuters  -  189 words
      • 355 42 AFP [MANlLA] Philippine President Joseph Estrada and a consortium of German and Asian investors yesterday inaugurated work on a new US$5OO-million (SsB3o million) airport passenger terminal for the capital Manila. Terminal Three, to be built over three years, will have an annual capacity
        AFP  -  355 words
      • 481 42 AUSSIE AVIATION FUEL COMTAMDfATIOK CRISIS Crisis may cost Mobil Asl.2m a day, cost to economy estimated at Assom a month Reuters [MELBOURNE] The Aircraft Owners and Pilots Association of Australia (AOPAA) said yesterday interim compensation for business losses due to the aviation
        Reuters; AP  -  481 words
      • 282 42 AFP [DILI, East Timor] East Timor's first regularly scheduled commercial air service was set to begin today, a UN spokesman said yesterday. Air North, of Australia, was to arrive in the territory's capital Dili at 1.45 pm with a flight from Darwin, northern Australia,
        AFP  -  282 words
      • LOGBook
        • 59 42 AFP [BEIJING) China bought 96 planes in 1999 to beef up its fledgling civil aviation sector, official media reported. The purchases Included 11 planet from Airbus and 20 from Boeing, the Xinhua news agency said quoting the China Aviation Supplies Import and Export Corporation.
          AFP  -  59 words
        • 128 42 AFX-Asia [TOKYO] Honda Motor Co Ltd plans to begin manufacturing and selling large sport utility vehicles featuring three-litre engines and four-wheel drive in the US from 3002, the Nihon Keizai Shimbun reported. The model is expected to use the platform of a
          AFX-Asia  -  128 words
        • 91 42 AFX-Asia (TOKYO] All Nippon Airways announced new discount airplane tickets, including a 10,000-yen (SslsB) flat fare for any domestic destination on specific days. The new rates, up to 74 per oentoffthe current fares, follow the deregulation of maximum discount rates from Ffeb 1,
          AFX-Asia  -  91 words
      • 1739 42 an fuwff n* fucht op ****** uw «MM 8*7381 1930 8*7382 2050 SQ2088 2359 OfT 1930 0f82 2050 f+mta S9999 840 SOUP PCS f2H2 Hi! c—v** S0003 19» CZ354 0910 2230 g» 2045 $0004 MB Hmoi VN741 OK ¥*740 1410 kmtorteai U.0043 0525 GA974 0120 VK0743
        1,739 words
      • 269 42 HK airline wants to increase service on existing routes Bloomberg [HONGKONG] Cathay Pacific Airways, Hongkong's only long-haul airline, plans to order more aircraft this year to cope with increasing traffic. The carrier said it will buy the planes from manufacturers already represented in
        Bloomberg; FILE PHOTO  -  269 words
  • Page 29 Advertisements
    • 7 29 BULLETIN BOARD .< jj^l^|^^Hj^^8dpV^^^MriiiisUld|fi|^^| ES 5C i Uni
      7 words
    • 59 29 S'pore port E-commerce the way to go Pa«*2 1) Is your company dealing in IT and/or communication products and services? 2) Are you interested in selling to the transport (Air/Sea/ Land) and logistics sectors? Call Shipping Times now at 740 2089/740 1645 to secure a space in our upcoming supplement
      59 words

  • Page 30 Advertisements
    • 746 30 I SUPER SHUTTLE EXPRESS (SSX) IQULF KARACHI EXPRESS (QKX) I vor w r* rc"* 6 vissa I vot I dmn Imh I kwt Ijulmo I cm Ipkung Tsm OOdIUWTOM 01W552 M/ 12 16/01 00(1 JM AM 30W353 05/01 23/01 25/01 *TI VMGO 2* 07/01 07/01 00/01 11/01 12/01 17/01 21/01
      746 words
    • 713 30 Lines services represented Members °f the Registry of \y*HP\y Accr ®d'ted Shipping Agents, S pore Nohonol Shipping Assoc Members of the Singapore Logistics Association Q ULY UNE MALE Ivissu voy ha Tlu Tew P. KLANC SPOKE MALE Empress Uly VQIQO IQ/Q1 14/01 23/01 Princess Lily VOlOO 26/01 28/01 09/02 Empress
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  • Page 31 Advertisements
    • 1114 31 SAX SERVKE (DIRECT) vcsa voy »ra ux oar m hou lew lax mbr |ah ktc IWJRDf 0171 19/01 03/02 08/02 06/0? 0»/02 00/02 M/ 02 01/0? W/02 09/D2 AWOHtgT 0171 26/01 10/02 15/02 15/02 15/02 15/02 15/02 15/02 16/02 It/02 AW SUB 0171 02/02 17/02 22/02 22/02 22/02 22/02 22/02
      1,114 words
    • 1668 31 HANJIN SHIPPING &.§-1 t Ifc Ww Iw -ye *****30 hnum nwnui (S) rn ltd i*tp //m to** (M nook ********** saus ?jtot?4 ra documht ********** oraunons *****5*751 mam uk tmtoss hu tttiho awn sonant TO NW USA A CANADA I USA tAMAPA* 1 ra,VSI/VOT I- I im ID« roi len
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    • 80 31 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220 8558 WORLDGATE EXPRESS UNES PTE LTD Tel: *****11 Fax: *****73/*****63 Email: wgot»Ombox2.slngnetcom^g ,-y Caicutta y Chlttagong port lou« |mwT Karachi llmmSmlmm [COLOMBO 118/01 1 KARACHI/LAHORE 23/01 V bombav 25/01 V I MAPWAS/BANQAi-ORE 21/01 CALCUTTA 22/01
      80 words

  • Page 32 Advertisements
    • 1724 32 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANCANADA MB. VOT SI LB) RTW OMR HAM IBV FLX VISStI VOY MN 6IT FOS M.C MTW TBAOfSEU* QOZ7W Nil 3101 818 2101 30 01 0102 PATMOS S£NATO« 0933W 13 01 30 01 01 02 »02 0002 12 02 HAMJM4 ALPHA 0050W 12 01 20
      1,724 words
    • 865 32 am MAC-WELS S'PORE M'SIA Carrier MN COHTR LINES, INC P. GUOANG: (07) *****26 I I IV7 I cm NO: **********0 C SIBU: (004) *****9 MAMLA: (632) *****24 V PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P. KELAHG: (03) *****77 JKT: (21) *****46 KJCHKG (062) *****1-3 SANTOS MV "EVER
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    • 612 32 EXPRESS CONTAINER FEEDER FOR N.SHEVA/ COLOMBO V«MI S PORE M SHEVA COLOMBO P KLAUS TUISIOAS Vll9 24 JAM *2 FEI M FEI 12 FEI TARPON SILVER V 110* 31 MM 09 FEB 13 Fa II FEB CAPE CANAVERAL V 111* 07 FEB II FEB 21 FEB 21 FEB TUISIDAS Vl2l
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  • Page 33 Advertisements
    • 1682 33 |VE»SEL VOY I KHH I HKO I SIN I PKO I DXB DMM BA I BIK IRAN SEESTAN PCL-136 12/01 14/01 18/01 19/01 29/01 30/01 01/02 03/02 IRAN SATTARI PCL-138 19/01 21/01 25/01 26/01 05/02 06/02 08/02 10/02 IRAN BAAKERI PCL-139 26/01 28/01 01/02 02/02 12/02 13/02 15/02 17/02 IRAN
      1,682 words
    • 849 33 20 DEC 99 EVERY MOMMY TO 10NCKMI 19 BAYS TOOAKUUW 21MTS I CMUMHI'mNTm LTD nL m l* oo ,U2m 4M5M2 JOHMtOfFKt: OHIO:1I7«7MOMMI swowoti o»»« cwfvtiJSSui JSSJrtL SSSJE,*'* 42,5 s COHM AGENCIES (M) SDN RMD .--.MIL 4205H5 TIL 02-07-35 Ml 66 FAX: 02^)7-353*170 SOMH/9HSE 19/01 7M>| SO7 Su SSL,- SUA nr~|
      849 words
    • 615 33 export import EXPORT n—ißtuMi wwwii IMPORT vissa VOT |S« uo I (Ml |MFOBaOIOB» msn Tea 1 jtMiff„_l Bar u»; »<«*. ,7™ sr" 1 lis S/!i sss. ss -'h m JUOSIO l9*Zl_ 13/02 02/03 04/03 jmwui. «t m uswc/canapa servia "M»T I IMPORT Wg* _VOT Mi 1 «A I W OM
      615 words

  • Page 34 Advertisements
    • 1328 34 EUROPEAJK/SCANDINAVIA/FINLAMO/RUSSIA SGP ROM ANW HBG THP ZEE LHW LHV TMP RDM ANW HBG PKL SGP DIADEM RW 009 Tinl 10/02 16/02 12/02 14/02 15/02 16/02 ROUNO RE 040 02/01 30/12 01/01 03/01 23/01 24/01 E. DYNAMIC RW-OOS 29,01 ***** 24/02 20/02 22/02 ***** 24/02 E RESULT RE-028 04/01 06/01 05/01
      1,328 words
    • 936 34 ArM ADVANCE CONTAINER LINES (PTE) LTD Alj I TEL: *****21. FAX *****19. TELEX :RS ***** ACLPL FOR BOOKINGS PUASC CALL: *****22 SALES A MARKETING *****31 Ik OPERATIONS *****KV *****06 CR NO **********06 DAMCfcOK >«Hi—4/WM> JAKARTA -(7 Uliia«sANM) ViSSa VOT SM IKK VESSa j" VOY f SM kt KOIARAINA(BWACH) RNAIB7 18/1
      936 words
    • 417 34 MUI SO TEL OK BLAMGAH 80A0 #02-02 CITIPOfIT CENTRE STORE *****1 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** Cfl NO. **********0W VESSEL VOY ETA ETD DESTINATION RAGURi 01/2000 2MM 2008 21«1/2000 PORT KLAN&PKL BALAM ILMAMUI 01/2000 25****** 2&l» MALAYSIAN PORTPONTIANAJt MABUKWA 04.2000 2701,2000 2&*****0 PKL BALAMMUNTDK For cnqviriM
      417 words

  • Page 35 Advertisements
    • 387 35 i BSfl il M MYANMA wBBk FIVE STAR LINE (Myamor National Line) 1 Loading for Yangon (Rangoon) VESSEL VOT SM PRE PEN PGU HPA-AN 267W 20/01 S4TTWE 91W 27/01 MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL Ttt (03) *****00 PKL Til (03)*****01 PEN: IH (04)2****** PGU: Til (07) *****21/4 BANK LINE
      387 words
    • 1270 35 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. I Vtssa VOY I SM I SOU IB! RTM ANT HAM BBV I M I [VPSE VOY|SOU|IBI|RIM|AMT|HAM|BRV|Kr "ST THAMES SS9W 20/01 07/02 12/02 09/02 10/02 MAAS S3* 31/12 SW 24/12 28/12 19/01 MOSa S3IW 21/01 11/02 12/02 04/02 08/02 APIAAMAMRM 31g 27/12 01/01 29/12
      1,270 words
    • 1093 35 vObv WALLENIUS WILHELMSEN TO NORTH AND lATIN AMERICA 'CAR RORO HEAVY LIFT SiRVKt* [VESSEL VOY RAMP HEIGHT SIN I LBC I MAO MU I SAV BAL OtF NYC I NEW I MM TOURCOING AMOO3 400 Tms 6.3 M 28/01 23/03 Oi/OJ OS/OJ 0//03 09/03 10/03 12/03 14/03 19/03 TAPKHA AHOO4
      1,093 words

  • Page 36 Advertisements
    • 1783 36 BAHOKOK/ MAP TA PHUT/ LAEM CHABANO JAK AHTA/PAN JA NO VESSEL VOY SIN BKK MTP LCH VESSEL VOY SIN JKT I PJN ANAN BHUM*" 147N In Pt 22/01 GURU BHUM 165S 19/01 21/01 23/01 140N In Pt 21/01 21/01 1 YANTRA BHUM 32SN 19/01 23/01 22/01 BWUM NANTA BHUM** 478N
      1,783 words



  • Page 39 Advertisements
    • 47 39 FAR EAST EUROPE IpmE\KYOWA LINE a Direct Breakbulk/Container/LCL FAR EAST-HEP Manila/Guam/Saipan Agents: V-Grow Shipping Pte Ltd See Page 7 Daily FULL CONTAINER EXPRESS SERVICE Wallenius Turn To Pg 5 Wilhelmsen New Europe To [E middle east/ S.E. ASIA service China Shipping (S) Agencies Pte Ltd 7 (Barwil)
      47 words


  • Page 41 Advertisements
    • 85 41 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 now features a full page on logistics on Thursday every fortnight with news of current
      85 words