The Business Times, 22 July 1999

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Total Pages: 44
1 44 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES MITA (P) (>4ti/l£**r 85c SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, JULY 22, 1999
    14 words
  • Article
    Lock icon MARKET SUMMARY
    70 1 □m mrtM (-40.57) nmu mJ 78L40 (-8.32) CT| ansa futtjies mm 283JQ (-8.70) CI MABIET MOODs U Mixed STOCK MASKET INDICES Wednesday Change KLSE COUP 836.66 +5.90 NIKKEI *****12 -275.M HANG SENG 13,419.66 -180.74 SET INDEX 496.86 +8.91 JAKARTA COMP 941.11 -8.76 MANILA COUP 2*519.46 -31.97 TAIPEI WPI
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  • Article
    Lock icon FINANCE
    79 1 FOBEX BATES USI SI USS 1.697 £(l'S$/S$ per 1572 1667 EURO(USJ/S$ per E) 1.046 1.774 DM 1.871 0.907 YEN 11&8 1.429 EM 1800 0.447 HKS 7.761 0519 BAHT 17.16 0.046 MJPIAH 6,710 0026 St to lOC units FUME KATES SINGAPORE* 5.80 KUALA LUMPUR 7.26 JAKARTA 40.00 BANGKOK 10.00 MANILA
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  • Article, Illustration
    Lock icon IRAS is reviewing gains from share buybacks
    886 1  -  Schemes expected to open np arbitrage opportunities for some share traders By I Siow Li Sen [SINGAPORE] The tax authorities are reviewing the "extra benefits" that share traders are able to wring from share buyback schemes, which listed companies are increasingly using to
    886 words
  • Article
    Lock icon ST Index loses grip on 2,100 level; regional bourses hesitant
    281 1  -  China-Taiwan tension, weak Dow dampen markets By R Sivanithy [SINGAPORE] Regional stocks had an uncertain outing yesterday with only Thailand and Malaysia managing to end firmer. Wall Street's steep Tuesday drop was one factor and its spillover into the Tokyo
    281 words
  • Article, Illustration
    Lock icon Hong Leong hotel arm guns for Net-based reservations system
    755 1  -  It will need to go on expansion drive to invest in 32 hotels From< Conrad Raj in London MILLENNIUM Copthorne, the London-based hotel chain of Singapore's Hong Leong group, has set its sights on the Internet. The aim is to operate
    FILE PHOTO  -  755 words
  • Article, Illustration
    Lock icon SMRT, Swedish group in talks to launch newspaper
    485 1  -  Planned daily will be distributed free at all MKT stations Byl Christopher Tan [SINGAPORE] Rail operator SMRT (Singapore Mass Rapid Transit) and listed Swedish media giant Modern Times Group (MTG) are discussing the setting up a new newspaper company in Singapore. The
    Source: Bloomberg  -  485 words
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      150 1 DBBPE COE quota boom? BTs motoring columnist explains why next year's COE quota may be explosive, Pgl2 Hock Lock Slew R Sivanithy on why the Singapore share market is as naive and inefficient as it ever was, Pf 13 Banks' Munriafli fcnnit Banks have been notorious since the onset of
      150 words
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      28 1 MaT<m<«<ng ■haro buy back tax credit? Pg 2 Taiwan stocks pare early losses, Pg 7 Market reports, Pg 20-24 Cathay's 40-year-old msket oH dream conies true Asian countries,
      28 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Retail sector picking up but sales still slow: Metro boss
      358 2  -  Industry not out of the woods yet, even though business is better than last year /<//. Ang Wan May THE retail market has probably hit bottom but it is not out of the woods yet, according to Metro boss Wong
      FILE PHOTO  -  358 words
    • Article
      Lock icon So you want to maximise share buyback tax credit?
      484 2  -  Take note IRAS is aware of'possible tax leakages' H>,\ Siow Li Sen IF yuu are tempted to maximise the tax credit in the share buyback schemes by transferring your shares to someone who pays little or no income tax, think again.
      484 words
    • Article, Illustration
      Lock icon ISPs best revenue generation potential in Asia: Goldman Sachs
      431 2  -  This is for next 12 months; in long term, it'll be e-commerce Ha Raju Chellam INTERNET Service Providers (ISPs) offer the best revenue generation potential in the next 12 months in Asia, but over the medium to long term, online advertising
      FILE PHOTO; Source: Goldman Sachs Investment Research  -  431 words
    • Article, Illustration
      Lock icon H2 GDP growth: two risk factors
      312 2  -  EYE ON THE ECONOMY Outlook By. Jennifer Lien THE millennium bug and weakness in global disk drive demand may pose risks to second-half GDP growth, says SG Securities in a report even as it raised its full-year forecast to 4.7 per cent. Boosted by
      Source: SG Securities  -  312 words
    • Article, Illustration
      Lock icon 10 Ipoh Lane terrace houses up for en bloc sale; $29m expected
      223 2 27,600 sq ft Katong freehold site can be built up to 20 storeys THE owners of 10 houses at Ipoh Lane in the Katong area have banded together to put up their properties for collective sale. The freehold
      223 words
    • Article
      Lock icon On the market.Aquarius by the Park Phase 2 and Hilltop Grove
      286 2  -  By\ Marissa Chew THE second phase of First Capital Corp's Aquarius by the Park will be soft-launched today and Asia Food and Properties' Hilltop Grove will go on sale tomorrow. At Aquarius, 144 of the remaining 361 units are
      286 words
    • Article
      Lock icon Review of S'pore accounting standards is timely
      249 2  -  MATI.BAG David Mason via Internet Manaton, England I REFER to the letter "Accounting standards a dynamic process" published in BT on July 10. I am glad that the Institute of Certified Public Accountants in Singapore has set itself the task of reviewing all
      249 words
    • Article
      Lock icon OCBC reacts quickly to easier rules on interest for companies
      514 4  -  Other banks say they'll weigh costs, but welcome flexibility with lifting of cnrbs Ky Siow Li Sen RESPONDING swiftly to the latest relaxation in the Association of Banks in Singapore's (ABS) guidelines, OCBC Bank said it will offer interest on
      514 words
    • Article
      Lock icon Move to lift productivity in non-tradable sectors
      344 4  -  It will also prime S'poreans for knowledge-based economy By. Eugene Low AS Singapore enters the new millennium, the productivity movement must boost productivity in the non-tradable sectors and prepare Singaporeans for a knowledgebased economy. Deputy Prime Minister Lee Hsien Loong said yesterday. He
      344 words
    • Article, Illustration
      Lock icon Albright to hold talks with China's foreign minister
      513 4  -  From] Leon Hadar in Washington AMERICAN officials are hoping that talks between US and Chinese officials during the Asean Ministerial Meeting in Singapore will mark the start of a Sino-American detente, setting the stage for a summit meeting between the leaders of
      FILE PHOTO  -  513 words
    • Article
      Lock icon Tri-M plant kicks off Carmelray Industrial Park II
      635 4  -  Six new investors commit USsl4m to set up in JTCI's Philippine project Reports by, Audrey Tan in Manila SINGAPORE'S industrial park project in Laguna, Carmelray Industrial Park 11, got off the ground yesterday as Singapore firm Tri-M became the first investor to
      635 words
    • Article, Illustration
      Lock icon The Asean challenge: looking beyond the crisis
      697 4  -  COMMENTARY Call to close ranks to ensure growth into the new millennium By Yang Razali Kassim AS host of the Asean ministerial meeting, Singapore Foreign Minister S Jayakumar put a positive spin yesterday to the state of the region. "We have had a
      REUTERS  -  697 words
    • Article
      Lock icon SIA in talks with Manila to increase accessibility
      258 4 SINGAPORE Airlines has committed itself to promoting the Philippines as a tourist destination, provided that the Philippine government increases SlA's accessibility to the country, Tang Tuck Wah, its general manager here, said yesterday. Mr Tang said SLA is also in talks with
      258 words
    • Article
      Lock icon Mobil cuts refinery capacity in July
      240 4 Bloomberg MOBIL Corp, Singapore's second largest refiner, is running its refinery in the island state at two-thirds of capacity in July, because demand remains low. Mobil Oil Singapore Pte said it's refining 200,000 barrels of oil a day, which amounts to about 67 per
      Bloomberg  -  240 words
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      143 3 V-ll' The new Productivitv Icon reflects XMk. sir*s* the changes required of our /||l| g|*y workforce. The elliptical sweep of lines denotes progressiveness, forward-looking one from different sources movin 9 towards a Complementing the sweep of lines §g§|i s M jfl j T, a for employability. It means that we
      143 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Wahid says he'll accept a nomination to be president
      443 5 Rais plans to pnt ID chief np as a compromise candidate Reuters THE possibility of a third presidential candidate emerging grew stronger when reformist Indonesian politician Amien Rais proposed nominating Muslim leader Abdurrahman Wahid who said yesterday that he was amenable
      Reuters; FILE PHOTO  -  443 words
    • Article, Illustration
      Lock icon Supachai: WTO plan will widen Thai role in world affairs
      204 5 BANGKOK AFP THAILAND has proved it Is not a "troublemaker" by striving for the top job in the World Trade Organisation (WTO), its successful leadership candidate said. Commerce Minister Supachai Panitchpakdi said a compromise plan to end his bitter leadership
      AFP  -  204 words
    • Article
      Lock icon Thailand to decide soon on deporting illegal workers
      200 5 BANGKOK Reuters THAILAND said yesterday It would decide next week whether to deport some 91,000 illegal foreign workers mainly from Myanmar, Cambodia and Laos. Labour and Social Welfare Minister Wut Sukosol told Reuters that the country still needed foreign workers to fill
      Reuters  -  200 words
    • Article
      Lock icon US, Vietnam seen to sign trade pact soon: report
      262 5 WASHINGTON Agreement to normalise trade ties comes 24 years after end of Vietnam War AFP AN agreement normalising trade relations between the United States and Vietnam, 24 years after the end of the Vietnam War, could be signed within days, The
      AFP  -  262 words
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      Lock icon Page 5 Advertisements Column 1
      172 5 Often, it's not the destination but the journey that matters most. In the new Bora, you have a cor that comes with a head-turning design. Built to excite your senses with exacting details in comfort, performance and equipment level. A car that gives you an unwavering sense of confidence, even
      172 words
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  • ASIA ON THE MEND
    • Article
      Lock icon S&P cuts China's ratings on lower growth prospects
      469 6  -  HE ratings affirmed but long-term outlook stays at negative From Quak Hiang Whai in Hongkong RATING agency Standard Poor's yesterday downgraded China's sovereign ratings as well as the ratings for its seven major financial institutions, citing lower growth prospects and rising fiscal
      469 words
    • Article
      Lock icon China seen mulling yuan devaluation
      546 6 Bering's backing away from iron-clad analysts AFX-Asia, AFP [WASHINGTON] Faced with slowing growth, falling prices and heightened competition for sales of its goods overseas, the Chinese government may be considering devaluing the yuan in an effort to jumpstart its economy, US-based analysts said. "I think
      AFX-Asia,; AFP  -  546 words
    • Article, Illustration
      Lock icon IMF raises South Korea's GDP forecast to 6-7%
      408 6 Bloomberg [SEOUL] The International Monetary Fund (IMF) tripled its 1999 growth forecast for South Korea to between 6 per cent and 7 per cent, and recommended interest rates stay low "for the time being," the government said. The IMF, which arranged an
      Bloomberg; FILE PHOTO  -  408 words
    • Article, Illustration
      Lock icon Indon public debt may surge to top 102% of GDP this year
      458 6 Bloomberg [JAKARTA] Indonesia's public debt burden may surge to more than the total size of the country's economy by the end of the year, causing the country to chalk up wider budget deficits, the World Bank said. The
      Bloomberg; Source:  -  458 words
    • Article
      Lock icon US dollar peg puts HK in liquidity trap: economist
      476 6 Interact rate* can't go Mow US rate* despite deflation Reuters [TOKYO] Hongkong's system of pegging Its currency to the US dollar has pushed It Into a liquidity trap, says CH Kwan, senior economist at Nomura Research Institute Ltd. "Hongkong has fallen
      Reuters  -  476 words
    • Article
      Lock icon Thai exports grew 1.5% in first half
      206 6 Bloomberg [BANGKOK] Thailand's exports rose 1.5 per cent In the first half of this year, short of the government's full-year target of 4 per cent, as exporters struggled to win orders even as the region recovers. Exports were U5527.3 billion (5546.3 billion) In
      Bloomberg  -  206 words
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      91 6 We provide consultancy services on offshore structures, shelf companies and Incorporations in ALL jurisdictions Including British Virgin Islands Mauritius Cayman Islands Hongkong .Jahamaa Samoa l Full nomihee, management, corporate secretarial and professional administration services are'avallable. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
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      52 6 First Class CHEMICAL WAREHOUSE for Hazardous Cargo at Prime Location For sale/Lease <0 A high ceiling purpose-built single-storey warehouse with 2-storey ancillary office Land area 86,993 sq ft d> Built-in area 53,712 sq ft Existing approved use: Chemical Warehouse <0 Ready for immediate occupation O Close proximity to IMM, AYE
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  • CHINA-HONGKONG-TAIWAN
    • SINO Briefs
      • Article
        Lock icon China to raise civil servants' pay
        65 7 Reuters [BEIJING] China plans to increase salaries of government officials by an average 30 per cent this year to help boost personal incomes and spur economic growth, a personnel ministry spokesman said. Beijing also plans to raise the wages of soldiers and employees of
        Reuters  -  65 words
      • Article
        Lock icon Taiwan's June jobless rate seen rising
        64 7 Reuters [TAIPEI] Taiwan's jobless rate was expected to rise in June from May, despite a steady economic recovery, as new graduates flooded into the job market, a Reuters Poll showed. One overseas and six Taiwan economists surveyed gave an average forecast of 2.9 per
        Reuters  -  64 words
      • Article
        Lock icon On-line broker to offer news service
        77 7 Reuters [HONGKONG] Boom Securities (HK) Ltd, which operates Boom.com, Asia's first Internet-accessible retail securities service, said it would launch its own news service to complement its on-line trading business. "We want to provide news and commentary which is a little bit lighter for the
        Reuters  -  77 words
    • Article
      Lock icon HK charges director in Guangnan fraud case
      134 7 HONGKONG Reuters HONGKONG'S anti-rorrup-tion agency said yesterday a company director had been charged in a credit fraud case which caused heavy financial losses to China-backed food distributor Guangnan (Holdings) Ltd. An Independent Commission Against Corruption (ICAC) statement said Leung Hiu-ling, director of Cheun
      Reuters  -  134 words
    • Article, Illustration
      Lock icon China B shares still surging on hopes of govt action
      472 7 SHANGHAI Bloomberg CHINA 9hares designed for foreign Investors surged for a second day, on expectations that the government will continue to Introduce measures to boost the markets In coming days. Yesterday, the government gave the go-ahead to Shenzhen-based Great Wall
      Bloomberg; Source: Bloomberg  -  472 words
    • Article, Illustration
      Lock icon Taiwan stocks pare early losses after govt intervenes
      437 7  -  TENSION IN TAIWAN STRAIT Wall Street's fall overnight, lingering tension with China worry investors From Macabe Keliher in Ta ipei TAIWAN stocks closed slightly lower yesterday, but off earlier lows, on news of losses on Wall Street and lingering cross-strait tension. The
      REUTERS  -  437 words
    • Article
      Lock icon HK plans to launch mortgage-backed securities
      106 7 HONGKONG AFP HONGKONG Mortgage Corp Ltd (HKMC) plans to launch mortgage-backed securities under a plan approved by its board of directors yesterday, the government-run firm said. Under the scheme, HKMC wUI purchase mortgages from individual banks and pool them together Into a single entity
      AFP  -  106 words
    • Article
      Lock icon Taipei export orders up 3.8% to US$10.5b
      231 7 TAIPEI Bloomberg TAIWAN'S export orders rose 3.8 per cent in June from a year earlier as offshore demand Increased for the island's notebook computers and semiconductors. June orders rose to US$lO.5 billion (5517.8 billion), the fourth consecutive month the figure has topped US$lO
      Bloomberg  -  231 words
    • Article
      Lock icon PNG drops deal to set up ties with Taiwan
      248 7 PORTMORESBY New prime minister moves to restore relations with China Reuters PAPUA New Guinea said yesterday It would abandon Its controversial deal to establish diplomatic ties with Taiwan and that It would restore relations with Beijing under a "one China" policy.
      Reuters  -  248 words
    • Article
      Lock icon Taiwan warned not to codify new views
      433 7 TAIPEI China says amending Constitution will sink peaceful reunion Reuters CHINA told Taiwan yesterday that peaceful reunification would be impossible if the island changed its Constitution to reflect its new policy of "state to state" relations. The People's Daily newspaper said legal changes
      Reuters  -  433 words
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      80 7 "That's right. You aet moreiEFs; With the Local Enterprise Finance Scheme (LEFS), qualifying As a participating financial institution in the government's LEF INTERNiVriONAL businesses can enjoy very competitive rates for factoring, industrial Scheme, IFS can offer you that added advantage. Don't get LEFS i&jjp FACTORS hire purchase, equipment loans and
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  • ASIA
    • Article, Illustration
      Lock icon BOJ: Economy has stopped deteriorating
      632 8 TOKYO But recovery still not in sight, it warns as it fights to curb yen strength Reuters THE Bank of Japan (BO J) put a slightly brighter gloss on Its economic assessment yesterday but cautioned that a recovery was still not In sight as Tokyo
      Reuters; AFP  -  632 words
    • Article
      Lock icon Bad loans at Japan's 138 banks up 13%
      182 8 TOKYO Bloomberg JAPAN'S 138 banks had 28.6 trillion yen (*****.9 billion) in bad loans at the end of March, 13 per cent more than they had a year before, according to Teikoku Databank, a private credit research company. Bad loans at 17
      Bloomberg  -  182 words
    • Article, Illustration
      Lock icon US dollar gains against yen after Fed intervention
      477 8  -  SINGAPORE Bnt big picture may still be for stronger yen, say some By\ Larry Wee THE US dollar popped higher against the Japanese yen in Asian trading yesterday, boosted by news that the US Federal Reserve had intervened on behalf of the
      Source: Reuters  -  477 words
    • Article
      Lock icon Daewoo not planning big cuts in overseas auto business
      409 8 SEOUL Only 'non-essential' sales, distribution units may be sold to help group survive AFP SOUTH Korea's Daewoo Group yesterday ruled out a drastic reduction In its automobile business abroad even as It battles a severe liquidity crunch. Daewoo said only "non-es-sential"
      AFP  -  409 words
    • Article
      Lock icon Small Indian industries upbeat about revival
      226 8 NEW DELHI Optimism about performance in next 6 months survey Reuters SMALL Indian industries are upbeat about an industrial revival by the end of the year, a survey conducted by a leading industry body said yesterday. "The interim report of the Confederation of Indian
      Reuters  -  226 words
    • Article
      Lock icon Plan to sell stakes in Korea Heavy, says report
      141 8 SEOUL AFX-Asia THE government is planning to sell stakes In Korea Heavy Construction Industry Co Ltd to a foreign consortium, the evening newspaper Naeway Economic Daily reported. The report quoted an official at the Ministry of Commerce, Industry and Energy as
      AFX-Asia  -  141 words
    • ASIA Notes
      • Article
        Lock icon Australians set to reject republics poll
        71 8 AFP [SYDNEY] Australians appear to want to continue tneir M links to the British monarchy, according to an opinion poll published yesterday. Fifty per cent of voters quizzed will say no to a republic in the Nov 6 referendum, up tour percentage points on
        AFP  -  71 words
      • Article
        Lock icon Pyongyang vows not to be cowed
        71 8 Reuters [TOKYO] North Korea vowed yesterday not to let international pressure influence its dßdsiosoDiiiwtiUF to test-Are a new missile, while Japan said it would do everything possible to deter such enaction. "ThsDPRK (North Korea) wiU do what it should do, in disregard of -j
        Reuters  -  71 words
      • Article
        Lock icon India to let firms set up Net gateways
        36 8 AFP [NEW DELHI] India is allowing private companies to set up gateways for providing Internet services, ending the monopoly of a state telecommunications firm, reports said yesterday. —AFP
        AFP  -  36 words
      • Article
        Lock icon Calcutta to be renamed Kolkata
        44 8 Reuters [CALCUTTA] The eastern Indian city of Calcutta will be renamed Kolkata on Aug 24 in a bid to shedits colonial tag and emphasise its ethnic Bengali character. The state of West Bengal will be renamed as Bangla —Hutttn
        Reuters  -  44 words
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      360 8 1 The Nikkei Weekly, of course. Published by Nihon Keizai Shimbun, Inc. (Nikkei), it is Japan's only Englishlanguage business newspaper covering the entire spectrum of the nation's One English-language business paper economy, including its financial, manufacturing and service sectors. The tells you more about corporate Japan Nikkei Weekly draws on
      360 words
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      7 8 Woes highlight Korea's fragile recovery, Pg 10
      7 words
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  • THE WORLD
    • Article
      Lock icon FOMC members sharply divided on US rates: paper
      376 9 WASHINGTON Consensus at Jnne meeting a straggle for Fed policymakers: report Reuters THE US Federal Reserve's monetary policymaking body was sharply divided in June on what indications to give on future interest rates, yesterday's Washington Post newspaper reported. Quoting Fed sources, the
      Reuters  -  376 words
    • Article
      Lock icon Paris fuels battle over beef imports from US, Canada
      329 9 PARIS Reuters FUELLING a bitter transatlantic trade battle, France insisted anew yesterday that it would not import hormonetreated beef from the United States or Canada until it had been proven safe. "It appears completely out of the question today to lift
      Reuters  -  329 words
    • WORLD Watch
      • Article
        Lock icon Russian economy seen growing 1.5%
        82 9 Bloomberg [MOSCOW] The Russian economy will expand by 1.5 per cent this year and industrial output will grow by 3 per cent after world oil prices, Russia's main export, rose faster than consumer prices, a minister said yesterday. Economy Minister Andrei Shapovalyants said gross domestic
        Bloomberg  -  82 words
      • Article
        Lock icon Shakeout in South Africa gold industry
        96 9 Reuters [JOHANNESBURG] The shakeout in South Africa's gold industry, which saw another mine go on the auction block on Tuesday, will intensify as diving bullion prices force a review of high-cost operations, analysts said yesterday. Avgold Ltd is the latest producer to take action
        Reuters  -  96 words
      • Article
        Lock icon Euro rises above US$1.05
        54 9 AFX-Asia [LONDON] The euro rose above US$l.O5 for the first time in almost two months in afternoon trade yesterday on renewed optimism towards the euro-zone economy. The euro was trading at U551.0624 here in the mid-afternoon. The euro has not been this strong against the dollar
        AFX-Asia  -  54 words
      • Article
        Lock icon US June housing starts down 5.6%
        45 9 AFX-Asia [WASHINGTON] June housing starts fell 5.6 per cent month-on-month to a seasonally adjusted annual rate of 1.57 million units, the Commerce Department said. The number of houses started in June was the lowest since May last year. AFX-Asia
        AFX-Asia  -  45 words
      • Article
        Lock icon US may cut off military aid to Taiwan
        72 9 AFP [WASHINGTON] The United States may freeze military aid to Taiwan in a sign of displeasure at pro-independence comments by Taiwan President Lee Teng-hui, the Washington Times reported yesterday. Citing unnamed US officials, the newspaper said a Pentagon delegation to Taiwan had
        AFP  -  72 words
    • Article
      Lock icon David Ogilvy, guru of advertising, is dead
      289 9 LONDON Reuters DAVID Ogilvy, founder of the worldwide advertising agency Ogilvy Mather and one of the legends of modern advertising, died yesterday, aged 88, the company said in a statement. Within the industry, Ogilvy was seen as a master copywriter. His books on
      Reuters  -  289 words
    • Article, Illustration
      Lock icon Kennedy's body found in plane wreckage
      433 9 Bloomberg [MASHPEE, Massachusetts] Searchers found John F Kennedy Jr's body amid the wreckage of his plane in waters off Martha's Vineyard island, a White House press aide said. Mr Kennedy's body was found after a robotic camera identified a section of the fuselage of
      Bloomberg; REUTERS  -  433 words
    • Article
      Lock icon Plan for IMF gold sales without moving market
      492 9 WASHINGTON US lawmaker hopes to discuss proposal with Summers Reuters AN influential US lawmaker on Tuesday dismissed the need for open-market sales of International Monetary Fund gold and promised new initiatives to sell the gold without moving the market. Representative Spencer Bachus,
      Reuters  -  492 words
    • Article
      Lock icon US House panel cuts World Bank allocations
      318 9 WASHINGTON Reuters A US House of Representatives panel voted on Tuesday to slash US cash allocations to the World Bank and criticised last month's US$l6O million (*****.5 million) World Bank loan allowing China to move poor farmers into traditional Tibetan lands. The House
      Reuters  -  318 words
    • Article
      Lock icon UK rate cut hopes fade as BOE publishes minutes
      483 9 ■LONDON Q2 retail sales rose at fastest annual rate since Sept Bloomberg HOPES of a further cut in UK interest rates receded today after the Bank of England disclosed that the possibility of raising rates was discussed when its monetary policy
      Bloomberg  -  483 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon The Internet shows up analysts' tricks
      803 10  -  THE BOTTOMLIKE OPINION By Michael Lewis The writer, the author of "Liar's Poker" and "The Money Culture", is a columnist for Bloomberg News A FEW weeks ago, Bloomberg News ran a story about Wall Street earnings forecasts that showed just how completely the Internet
      803 words
    • Article
      Lock icon IN OTHER WORDS
      145 10 'We are still looking for the right words.' Chen Chien-jen Taiwan's chief spokesman, on Taiwan's new policy towards the mainland when invited to say it in Chinese. He earlier explained in English: "We believe there is one nation and two countries." Five years ago if we had
      145 words
    • Article
      Lock icon Unfinished business in Thailand
      631 10 EDITORIAL THAILAND'S politicians are locked in a debate over whether economic recovery has actually begun. But what should be clear is that for growth, if any, is to be sustained, bank recapitalisation has to be high on the priority list Former finance minister Virabongsa Ramangkura stirred
      631 words
    • Article, Illustration
      Lock icon Daewoo's woes highlight Korea's fragile recovery
      1091 10  -  Seoul's attitude to the nation's No 2 conglomerate will show how committed it is to reform By* John Burton FT STREETS Paved with Gold was the title of the autobiography penned several years ago by Kim Woo Choong, the founder and chairman of the
      FT; FILE PHOTO  -  1,091 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      970 10 Betylng targets Lee Teng-hui BEIJING'S wrath at President Lee Teng-hui's sudden "two states" policy has been directed, so far, primarily at the Taiwanese leader himself This would suggest China's President Jiang Zemin has decided to focus on a leader whose presidential claims he cannot recognise, rather
      970 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Smithsonian gets role in Mel's film
      513 11 The museum is working as a historical consultant on the actor's next movie LAT-WP [WASHINGTON] In their respective worlds, the names don't get much bigger: Mel Gibson, the international heartthrob; the Smithsonian Institution, the largest museum complex in the world, respectable but way below
      LAT-WP; FILE PHOTO  -  513 words
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      346 11 Where to wine, dine and entertain Treat yourself to a wide range of Japanese cuisine. Enjoy Tempura, Sushi Rolls, Sashimi, Soft Shell Crabs and many more plus tantalising desserts. Buffet Lunch dC Dinner: #23.50 (Adult) 50% discount (Child) (Lunch daily oupt Saturday "Tunch" fiom 12 noon to 4.}opm. Dinner nightly)
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      45 11 I HVHHRVH jwctkw,. EL v l^ Ij CoffcekouM i«i nmt Savour local fare our award-winning Chatterbox Chicken Rice. Wc are open 24 hours daily in case you have not eaten yet. Enquiries: 831 6291 ■Ben 333 Orchard Road. Singapore *****7 737 4411 Fax 732 2361
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  • Page 11 Miscellaneous
    • Miscellaneous
      Lock icon Page 11 Miscellaneous Column 1
      1172 11 CRYPTIC CROSSWORD AUKOSS h h CT-K j E J 1 fe 1 Secret serviceman (7) 5 He's broken quarters and disturbs the peace (7) j 9 Honorary professors —ie re- I I I I I I I I I I I I tired but retaining integrity H|j 10 Evacuate a
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  • MOTORING
    • Article, Illustration
      Lock icon COE quota set to explode next year
      627 12  -  Based on announced formula, quota year May 2000-April 2001 could yield 88,000 certificates, 29% more than this year Reports by< Christopher Tan [SINGAPORE] HANG on to your seats. Indications are that next year's COE quota will be explosive. In fact, chances are that
      Compiled by BT  -  627 words
    • Article, Illustration
      Lock icon Classic cars may disappear in 5 years
      549 12 Extending their lifespans will become very costly THE days of old beat-up carriages are drawing to a close. Alas, the same goes for pampered classic numbers. These vehicles, which form some 15 per cent of the car population, will most probably disappear in
      FILE PHOTO  -  549 words
    • Article, Illustration
      Lock icon Comfort likely to give up Peugeot by year-end
      358 12 [SINGAPORE] Listed transport operator Comfort Group is likely to relinquish its Peugeot distributorship by the end of this year. A source close to the company said Comfort's contract with the manufacturer ends this year, and may not be renewed. BT understands another
      FILE PHOTO  -  358 words
    • BUMPER to BUMPER
      • Article
        Lock icon DaimlerChrysler fires Asia head
        66 12 D AIMLERCHR YSLER has terminated the services of its Asian head, Ludwig-Holger Pfahls. The Singapore-based office of the German-American group's regional headquarters has confirmed this. Mr Pfahls is believed to be in Taiwan, China or Hongkong, after failing to return to Germany to answer charges of
        66 words
      • Article
        Lock icon Chartered Motor is now VW agent
        56 12 CHARTERED Motor has been appointed a Volkswagen dealer. Located in Telok Kurau, the long-time dealer of Mitsubishi vehicles Joins Alpine Automobile as agents for the German marque which is distributed by Car Cars. Car Cars is part of the Peter Kwee group of companies,
        56 words
      • Article
        Lock icon Honda S2000 is Japan's first 'clean' car
        95 12 HONDA Motor's ***** has been recognised by Japan's Ministry of Transportation as the first vehicle to conform to its more stringent emission standard coming into effect on Oct 1,2000. According to an article in New Technology Japan, a publication of the Japan External
        95 words
      • Article
        Lock icon Older Volvo 700s safest: Aussie poll
        98 12 VOLVO'S 700-series (1984-92) has been found to be the safest car in Australia. A Monash University Accident Research Centre report rated the model tops among 145 products analysed between 1987 and 1997. Of 519,000 drivers involved in crashes in New South Wales, Victoria and
        98 words
      • Article
        Lock icon Mixing engine power with technology
        79 12 HOW do you improve on the direct-injection engine? Marry it with a continually-variable transmission —a readily available technology. Nissan did just that (in some of its Primera, Bluebird and Sunny models) and came away with impressive results. Fuel efficiency was some 50 per cent better
        79 words
      • Article
        Lock icon New Honda does 100km on under 3 litres
        122 12 HONDA has developed a mass-produced car that can achieve 100 km on less than three litres of petrol. This makps it more efficient than the Volkswagen Lupo, reputedly the world's first "three litre" car. The Honda Insight, to be released later this
        122 words
      • Article
        Lock icon Treasure hunt on wheels to JB
        78 12  -  Compiled by Christopher Tan ANYTHING planned for the National Day weekend? If not, the Automobile Association of Singapore is organising a treasure-hunt-on-wheels to Johor Baru. The event includes a night's stay at the Holiday Inn Crowne Plaza (all meals included), and a visit to
        78 words
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      66 12 HAny petrol can power your car, but Formula Shell XO does more. Its revolutionary formulation cleans your engine as you drive, giving you a silky, smooth ride. Powerful Vaporon™ energy /A boosters unleash extra energy the instant you step on your accelerator. It's the most advanced petrol of its kind.
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  • COMPANIES & MARKETS
    • Article
      Lock icon Ossia Int'l taking 51% stake in local Net company
      322 13  -  By Tan May Ping [SINGAPORE] Marketing and distribution group Ossia International will buy a 51 per cent stake in a local Internet company to enhance its distribution channels via ecommerce. Gatecrash.com Corp will then be a partnership between Ossia and local
      322 words
    • Article, Illustration
      Lock icon Cathay Org plans to move into other Asian countries
      361 13  -  By\ Rahita Elias [SINGAPORE] Entertainment group Cathay Organisation Holdings, which plans to become a multi-entertain-ment group, is looking to expand its cinema and bowling business to other Asian countries. Wong Heang Fine, president and chief executive of listed COH, told BT
      FILE PHOTO  -  361 words
    • Article
      Lock icon S'pore's share market as naive and inefficient as it ever was
      739 13  -  HOCK LOCK SIEW R Sivanithy IF there's one thing which stands out most in the recent stock market rally and the subsequent collapse, it's just how inefficient the local market is. In a sense, although the conditions during the
      739 words
    • Article
      Lock icon Write-backs, loan loss cover 2 swing factors
      717 13  -  INTERIM EARNINGS REVIEW: BANKING Most analysts expect DBS Bank to lead the pack in terms of earnings recovery By Siow Li Sen, Ven Sreenivasan [SINGAPORE] Banks have been notorious since the onset of the Asian crisis two years ago in missing forecasts by
      717 words
    • Article
      Lock icon KepT&T, SPH get IASP licence
      363 13  -  DataOnewillbe SPH's second stab at the Internet pie By 1 Teh Hooi Ling [SINGAPORE] Data One (Asia) Pte Ltd, a Joint venture between Keppel Telecommunications Transport and Singapore Press Holdings, was yesterday issued an Internet Access Service Provider licence by the Telecommunication Authority of Singapore
      363 words
    • COMPANIES
      • Article, Illustration
        Lock icon Apex Systems eyes Nasdaq listing in next three to four years
        495 14  -  Singapore software firm conld then list on Sesdaq a year later, says chief executive By I Soh Tiang Keng [SINGAPORE] Singapore software firm Apex Systems plans to seek a New York stockmarket listing on Nasdaq in the next three
        495 words
      • Article
        Lock icon Quek Leng Chan quits as M'sian Pacific, Nanyang chairman
        187 14 Bloomberg [KUALA LUMPUR] Quek Leng Chan, head of the Hong Leong Group in Malaysia, has quit as chairman of Malaysian Pacific Industries Bhd and Nanyang Press Bhd. No reasons were given for his resignation in announcements made to the Kuala Lumpur
        Bloomberg  -  187 words
      • Article
        Lock icon OCBC Finance posts $14m interim gain
        310 14  -  Acquisition of sister finance company the main factor By I Carol Eng [SINGAPORE] OCBC Finance, formerly Focal Finance, yesterday posted net profit of $14.1 million for the half-year ended June, more than three times its 1998 interim thanks largely to its acquisition of another
        310 words
      • Article
        Lock icon MRCB names its new chief
        132 14 Bloomberg [KUALA LUMPUR] Malaysian Resources Corp named Abdul Rahman Maidin executive chairman, a move that may be a first step towards the dismantling of the country's fourth largest group. MRCB, as the group is known, named Mr Abdul Rahman, 58, to replace Khalid Ahmad effective
        Bloomberg  -  132 words
      • Article, Illustration
        Lock icon Proton cruises along
        61 14 [KUALA LUMPUR] Visitors to a car showroom taking a closer look at a Malaysian-made Proton Satria car yesterday in Kuala Lumpur. Malaysia's leading car manufacturer Proton has kept itself In good position in the Malaysian automobile market by keeping their prices low and by improving previous models
        AFP  -  61 words
      • Article
        Lock icon L&G chief may buy 15% of Phileo Allied convertible shares
        512 14 Purchase will help his long-time friend who controls firm Bloomberg [KUALA LUMPUR] Land General Bhd's (L&G) chairman Wan Azmi Wan Hamzah is likely to buy about 15 per cent of the convertible shares of Phileo Allied Bhd, making the tycoon
        Bloomberg  -  512 words
      • Article
        Lock icon Thai banks suffer interim losses of 148b baht
        499 14  -  Higher bad loan provisions, plunge in interest income From Harish Mehta in Bangkok THAILAND'S ailing commercial banks reported huge combined losses of more than 148 billion baht (516.75 billion) in the first half of this year as they struggled to make higher
        499 words
      • Article
        Lock icon UEM soars 11.8% on talk it will win pipeline contract
        288 14 Talk centres on RMl3b deal to build pipeline to S'pore Bloomberg [KUALA LUMPUR] United Engineers Malaysia Bhd shares soared 11.8 per cent yesterday on speculation that the nation's biggest construction company is set to win a contract to build a
        Bloomberg  -  288 words
      • COMPANY Briefs
        • Article
          Lock icon Nobel, ACT in property venture
          70 14 [SINGAPORE] Nobel Design said yesterday It has entered Into an agreement to form Joint venture with ACT Holdings to undertake property development In Singapore. The new firm, ACT-Nobel Homes, will be 40 per cent owned by NobeL ACT-Nobel's Initial paid-up capital will be $1 million
          70 words
        • Article
          Lock icon Sonica discontinues $8.2m claims Fu Yu
          41 14 [SINGAPORE] Fu Yu Manufacturing yseterday said Sonica Industries has discontinued its $&2 million claim against the company. The court order requiring Fu Yu to furnish a banker's guarantee of $8.2 million has also been discharged.
          41 words
        • Article
          Lock icon UOB ups stakes in UIC,UOL
          67 14 [SINGAPORE] United Overseas Bank (UOB) yesterday bought more shares in both United Industrial Corp (UIC) and United Overssas Land (UOL). UOB bought nearly 4.1 million UIC shares, upplng its stake In the firm to &6 per cent. It aleo bought 866,000 more shares In UOL,
          67 words
        • Article
          Lock icon Lian Beng unit to buy $3.8m property
          66 14 [SINGAPORE] Lian Beng Group yesterday said Its subsidiary Lian Beng Engineering Machinery (LBE) has entered Into an agreement to buy a property at Senoko Way for $8.8 million from Yongnam Engineering k Construction. At ths same time, Yongnam will sell four units of
          66 words
        • Article
          Lock icon Chase to help MAS parent revamp debt
          60 14 [KUALA LUMPUR] Naluri Berhad, the parent of Malaysian Airline System Berhad, haa appointed Chase Manhattan Bank to help reetructure Its debt Arthur Andersen had earlier questioned the ability of Naluri, previously known as Malaysian Helicopter Services, to remain as a viable concern due
          60 words
        • Article
          Lock icon Road Builder in stake deal
          73 14 [KUALA LUMPUR] Road Builder Holdings Bhd has made a conditional offer to buy PanOlobal Berhad's 40 million shares or 26.7 per cent of Econstates Berhad for RMBO million (5g36.7 million) In cash. Pan Global will suffer a loss of RM 180.7 million from the sale,
          73 words
        • Article
          Lock icon YTL unit to launch RM1b bond
          99 14 Bridge News [KUALA LUMPUR] Malaysia's YTL Power, a subsidiary of the YTL Corp, Is preparing to launch a RMI billion (***** million) bond In coming weeks to help fUnd its bkl to buy a power plant currently being marketed by state-owned energy firm Tenaga
          Bridge News  -  99 words
      • Article, Illustration
        Lock icon News Corp buys stakes in 2 Net marketing firms
        318 16 US unit buys into privately-owned Planet U and Softcard Systems Bloomberg [SYDNEY] Rupert Murdoch's News Corp has acquired stakes in two closely held US companies that sell online coupon and digital smart card technology to boost its push into the internet
        Bloomberg; FILE PHOTO  -  318 words
      • Article
        Lock icon Softbank aims to build world's first Internet conglomerate
        605 16 Reuters [TOKYO] Softbank Corp's rebirth as a holding company in October will allow it to pomeven more money into young but promising Internet ventures and get closer to its goal of becoming a hub of the massive digital marketplace. The new holding
        Reuters  -  605 words
      • Article, Illustration
        Lock icon Mattel to buy 5% stake in Bandai for 3.66b yen
        441 16 Move comes after tie-up between US' Hasbro and B&nd&i rival Tomy Co Bloomberg [TOKYO] Mattel Inc, the world's biggest toy firm, said it will pay 3.66 billion yen (5552.2 million) for a 5 per cent stake of Japan's Bandai Co
        Bloomberg; REUTERS  -  441 words
      • Article
        Lock icon J&J to buy top biotech company Centocor for US$4.9b
        319 16 Bloomberg [NEW BRUNSWICK, New Jersey] Johnson Johnson, the world's biggest medicalproducts maker, agreed to buy Centocor Inc, one of the world's largest biotechnology companies, for US$4.9 billion in stock, a person familiar with the companies' plans said. The acquisition for US$6l
        Bloomberg  -  319 words
      • Article
        Lock icon Daewoo leads brokers in record Q1 profit
        343 16 S Korea's 'big four' profits shoot up on stock-market rally Bloomberg [SEOUL] Daewoo Securities and South Korea's other "big four" brokerages saw profits soar as much as 30-fold to record highs in the first quarter, as a stock-market rally bolstered brokerage commissions and
        Bloomberg  -  343 words
      • GLOBAL Briefs
        • Article
          Lock icon ASX bid may fail: Sydney bourse
          120 16 Reuters [MELBOURNE] The Sydney Futures Exchange (SFE) said yesterday that the Australian Stock Exchange's (ASX) bid for the exchange may not get a go-ahead from competition regulators but there were other interested parties on the sideline. Les Hosking, managing director of the SFE, said
          Reuters  -  120 words
        • Article
          Lock icon Nod for Aegon buying Transamerica
          64 16 Bloomberg [SAN FRANCISCO] Transamerica Corp sakl its shareholders approved the USSIOA billion (5118.3 billion) purchase of the company by Aegon NV, paving the way for a closing of the acquisition. More than 70 per cent of Transamerica's outstanding shares were cast In favour of the
          Bloomberg  -  64 words
        • Article
          Lock icon MCI WorldCom to buy Wireless One
          82 16 Bloomberg [JACKSON, Mississippi] MCI WoridCom Inc will buy Wireless One Inc, a wireless cable-television services provider that's in bankruptcy protection, to gain strength in the wireless-communications market. MCI World Com, which already holds two-thirds of Jackson, Mississippi-based Wireless One's senior notes, will pay the
          Bloomberg  -  82 words
        • Article
          Lock icon MP3.com raises US$344.4m in IPO
          80 16 Bloomberg [SAN DIEGO] MP3.com Inc, which operates a Web site for downloading music, raised U*****.4 million (S$SB4.3 million) in an initial stock sale. The San Diego-based company sold 12.3 million shares at US$2B each. The shares were priced US$2 above the top of the U*****26
          Bloomberg  -  80 words
    • CORPORATE FOCUS
      • Article, Illustration
        Lock icon 40-year-old dream comes true for Cathay Org
        1106 15  -  Now that it has secured a listing through the reverse takeover of Sesdaq-listed IME, the entertainment group will launch its new identity today and is set to expand into other Man countries Reports by Rahita Elias [SINGAPORE] CHOO Meileen is breathing a sigh
        ARTHUR LEE  -  1,106 words
      • Article
        Lock icon Long history peppered with highs and lows
        450 15 Pirated VCDs a big threat, says Cathay chief LIKE any organisation with a long history, Cathay Organisation's 60 years have been peppered with highs and lows. Choo Meileen, chairman and chief executive officer of Cathay Organisation Pte Ltd, reckons that the company's lowest
        450 words
    • CORPORATE RESULTS
      • Article, Illustration
        Lock icon Pepsico second qtr profit up 50%
        603 17 Rise largely due to USs27om gain from spinoff of bottling operations in spring NYT [NEW YORK] Showing solid company-wide results, Pepsico said Tuesday that its sec-ond-quarter earnings rose 50 per cent, based in large part on a one-time gain from the spinoff of its
        NYT; Source: Bloomberg  -  603 words
      • AT A GLANCE
        • Article
          Lock icon Occidental earnings drop 96 per cent
          65 17 Reuters [LOS ANGELES] Occidental Petroleum Corp said weak chemical sales sent second-quarter earnings down 96 per cent despite a rebound in oil prices. Occidental said net income fell to US$9 million (5515.3 million), or 2 cents a share, from US$lB6 million, or 51 cents
          Reuters  -  65 words
        • Article
          Lock icon Higher profits at Bank One, Mellon
          59 17 Bloomberg [CHICAGO] Bank One Corp, the second-largest US provider of credit cards, and Mellon Bank Corp, the largest bank provider of mutual funds, reported higher second-quarter profits, driven by the rising stock market and increasing consumer spending. Bank One's earnings rose 22 per cent,
          Bloomberg  -  59 words
        • Article
          Lock icon Computer Associates' Q1 profit up 10%
          66 17 Bloomberg [ISLANDIA, New York] Computer Associates International Inc, the No 4 US software maker, said its fiscal first-quarter profit increased 10 per cent on rising demand for its consulting services and corporate software. Profit before charges for the quarter ended June 30 rose to
          Bloomberg  -  66 words
        • Article
          Lock icon Donaldson Lufkin & Jenrette Q2 gain up
          63 17 Donaldson Lufkin Jenrette Q2 gain up Bloomberg [NEW YORK] Donaldson Lufkin Jenrette Inc's Q2 earnings unexpectedly rose 16 per cent to a record as securities underwriting, trading and mergers advisory income all gained at the eighth-biggest US securities firm. Net income rose to U*****.7 million (*****.1 million), or US$l.l4 a
          Bloomberg  -  63 words
        • Article
          Lock icon Sales boost help United Tech's Q2 gain
          86 17 Bloomberg [HARTFORD, Connecticut] United Technologies Corp, the world's top air-conditioner and lift maker, said second-quarter profit rose 25 per cent as the company kept a lid on expenses and boosted sales through acquisitions. Profit from continuing operations rose to US$4l7 million (*****.5 million),
          Bloomberg  -  86 words
        • Article
          Lock icon Infoseek's Q3 loss widens, sales double
          79 17 Bloomberg [SUNNYVALE, California] Infoseek Corp, the No 4 Internet search directory, said its fiscal third-quarter loss widened, though smaller than expected, as its revenue more than doubled. Net loss in the quarter ended July 3 was US$5l.3 million (SsB7 million), or 83 cents a
          Bloomberg  -  79 words
      • Article
        Lock icon US telco SBC profit rises 15%
        381 17 Bloomberg [SAN ANTONIO] SBC Communications Inc, which expects to complete its US$B9.9 billion (*****.5 billion) purchase of Ameritech Corp by October, said second-quarter profit rose 15 per cent on strong revenue growth from data and wireless services. The second leading US local telephone company
        Bloomberg  -  381 words
      • Article, Illustration
        Lock icon Eurotunnel Group halves interim loss to £64m
        374 17 Traffic growth, higher prices, lower debt costs cited Bloomberg [LONDON] Eurotunnel Group, which operates the Channel Tunnel between Britain and France, said its first-half loss halved on growth in passenger and truck traffic, higher prices and lower debt costs. The group, consisting of
        Bloomberg  -  374 words
      • Article
        Lock icon Exxon profit down 25% in second quarter
        440 17 Weaker returns from refining, marketing and chemicals Reuters, Bloomberg [NEW YORK] Exxon Corp, the nation's largest oil company, said yesterday that its second-quarter earnings dropped 25 per cent as stronger crude oil prices could not save it from weaker returns in its refining,
        Reuters,; Bloomberg  -  440 words
      • Article
        Lock icon Chase Manhattan's Q2 profit up 25%
        285 17 Reuters [NEW YORK] The No 2 US bank, Chase Manhattan Corp, said yesterday its secondquarter profits excluding one-time items rose 25 per cent to U551,351 billion (552.3 billion), powered by strong trading results, investment banking fees, consumer spending and private equity gains. Chase earned
        Reuters  -  285 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Threatened: BP Amoco's Russian investment
        463 18 WestLß won't accept revamp of Russian oil producer Bloomberg [MOSCOW] BP Amoco Pic's effort to salvage its US$57l million (*****.8 million) investment in a Russian oil producer is threatened by Westdeutsche Landesbank Girozentrale's (West LB) plan to sell the US$lO million of the company's debt
        Bloomberg  -  463 words
      • SMALL Change
        • Article
          Lock icon Macquarie to start China securitisation
          62 18 Reuters [SYDNEY] Australia's Macquarie Bank said yesterday it was in talks on developing a mortgage securitisation business in China with the support of former Prime Minister Paul Keating. Macquarie securitisation managing director Tony Gill said initial feedback had been "extremely positive" and he expected the
          Reuters  -  62 words
        • Article
          Lock icon PNC buys First Data unit for US$1.1b
          76 18 Bloomberg [PITTSBURGH] PNC Bank, the largest bank based in Pennsylvania, agreed to buy First Data's mutual-fund servicing unit for US$l.l billion (511.9 billion) in cash, expanding its fee-based businesses. After the purchase, Pittsburgh-based PNC will be the second-biggest provider of fund accounting services
          Bloomberg  -  76 words
      • Article, Illustration
        Lock icon Shell revamps trading arm on global lines
        575 18 Move follows breakdown of traditional product flows Reuters [LONDON] The oil industry's largest international trading operation is restructuring on global lines to sharpen profitability amid shifting petroleum flows, a Royal Dutch/Shell executive said on Tuesday. The Anglo-Dutch giant's trading arm is being reshaped
        Reuters; FILE PHOTO  -  575 words
      • Article
        Lock icon Liffe may offer share trading
        176 18 Reuters [LONDON] The London International Financial Futures and Options Exchange (Liffe) is considering plans to allow members to trade shares and bonds on its new electronic trading platform, Liffe Connect, the Daily Telegraph reported yesterday. It said the proposals, which were in a preliminary stage,
        Reuters  -  176 words
      • Article, Illustration
        Lock icon French bank battle: Regulator sets Aug 6 closing date
        529 18 It's uncertain what will happen if either BNP or SocGen fails to get 50.01% Reuters [PARIS] France's CMF market regulator on Tuesday fixed Aug 6 as the closing date for a five-month bourse battle which has pitted bank BNP against rivals
        Reuters  -  529 words
      • Article
        Lock icon Futures spooked by sharp fall in cash market
        176 19  -  m Reports MSCI Singapore Index Daphne Tay, Jardine Fleming TRADING on the Singapore stock market was cautious yesterday following the steep 191-point loss on Wall Street overnight, sending stock markets in the region on a seUing spree. Led by index heavyweight Singapore
        176 words
      • Article
        Lock icon Futures up despite tumble in US stocks
        195 19  -  MSCI Taiwan ftitures Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures yesterday ended with a slight increase of 1.8 and 1.5 points in the July and August contracts respectively. The Taiwan Weighted Price Index lost 20.2 points in yesterday's trading
        195 words
      • Article
        Lock icon Oil prices fall after report of surge in US inventories
        305 19 ENERGY REPORT Bloomberg [NEW YORK] Crude oil fell almost 3 per cent as a greater-than-expected rise in US inventories showed supplies are abundant as world producers struggle to reduce a global glut. Last week's 1.7 per cent inventory gain reported
        Bloomberg  -  305 words
      • Article
        Lock icon CURRENCY REPORT
        313 19 AFP, Reuters London THE euro's recovery made further progress yesterday as the single currency hit onemonth highs against the US dollar and a three-month peak against sterling. Analysts said the dollar's generally weaker tone meant the Bank of Japan's intervention to buy dollars for yen late in Asia
        AFP,; Reuters  -  313 words
      • Article, Illustration
        Lock icon Untitled
        1138 19 lUTUHBAMK CROSS RATES /ul *5 ton Ffr Omm Yw ww n jgSfttli Hh Kid sir MT$ U* Hmt US$ 0967 WJ 04» 40W 5.025 28.*****447 0.769 7.775 2.4CI L235 33.417 ***** 1099 1974 0.994 20.905 ***** 0.412 0.648 n vl aim MS 5,197 2 9W44 O- 795 *-041 2-545 *****4562
        1,138 words
      • Article
        Lock icon Untitled
        1702 19 SI CO M FUTURES juli RUfltfR (Mam dosing <t SJOpai) KSS1 CtOM VoiwM OpM Mwtt Mph Law Satt (townw) twfmt Aug 99 93.00 300 Sap99 95.75 900 Oct 99 98.00 300 *W 99 99.50 300 9* 99 ***** 300 Jm/MV 00 104.25 300 R9H CONTRACT (US cwtVkfl) Votam Opa* Mowtli
        1,702 words
    • Article, Illustration
      Lock icon HONGKONG
      1341 20 AFP P Hang Seng -180.74 HONGKONG share prices fell 1.3 per cent yesterday following a sharp overnight loss on Wall Street, dealers said. "There is a sentiment of uncertainty in the market following Wall Street's fall," said Sean Li, associate director at Amsteel Securities. However, Mr Li said the
      AFP  -  1,341 words
    • Article, Illustration
      Lock icon CHINA
      579 20 Fl Shanghai Blndei +187 SHANGHAI'S B shares soared 9.7 per cent yesterday on speculation that new market stimulus measures were being discussed in official circles, analysts said. The index, which tracks shares nominally reserved for foreigners, gained 3.87 points to finish at 43.90 points. The A Share Index of
      Source: Credit Lyonnsis Securities(Asia) Ltd  -  579 words
    • Article
      Lock icon TAIPEI
      340 20 AFP □wp Intel -MM TAIWAN share prices closed 0.3 per cent lower yesterday on profit-taking, dealers said. "Profit-taking set in after Tuesday's rally as lingering cross-strait tensions worried investors," said Jerry Huang, senior researcher of President Securities. "Market sentiment also turned cautious after the trading record showed for- eign
      AFP  -  340 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2144 20 LONDON Industrials J* 20 Urn* th 31 Croup 8.01 -0.24 Abbey National 11.57 -0.20 A B Foods 4.07 -0.08 A B Ports 3.05 0.01 AstraZeneca 22.74 -0.28 Alliance Leicester 8.40 0.09 Allied Domecq 5.92 0.17 AlUod Zurich 7.41 -0.28 Anglo American Gold 43.70 unch ASOA Croup 2.18
      2,144 words
    • Article
      Lock icon TOKYO
      1624 20 AFP QNikkei 225 -275JX TOKYO'S key stock index tumbled 1.5 per cent in post-holiday trading yesterday as investors locked in profits following a slump on Wall Street, brokers said. The yen's rally against the US dollar also prompted foreign investors and domestic institutions to sell export-led blue chips, including
      AFP  -  1,624 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Late buying of blue chips reverses losses
        392 21 AFP U Composite Index +SJO MALAYSIAN share prices ended 0.7 per cent higher yesterday in choppy trade as late local buying reversed earlier losses, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 5.90 points to finish at 836.65, off an earlier
        AFP  -  392 words
      • Article
        Lock icon Untitled
        8072 21 INDUSTRIALS C8H8MM8f pfO^UCtl 1999 Last Vol Day Nat Cap Hlgfc Lew Cewpany lala -OOP HSqh Law P/t $nm 440 255 Aiinomoto 372 2 12 372 370 23.6 150.8 174 46 Angkasa 154 6 433 155 145 227.1 404 220 Apollo Food Hlq 386 12 44 386 378 13.4 154.4 294
        8,072 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon Cosco warrant not a compelling buy
        173 22  -  WARRANT WATCH -By R Sivanithy ONE of the few counters to rise during yesterday's weak session was the warrant issued by property and shipping firm Cosco Investments. Since it hasn't been featured here for some time, we might as well take a look at
        173 words
      • Article
        Lock icon CLOB INTERNATIONAL
        211 22 Honnom STOCKS Cr Cr S2-W* Last V<M Day l*»1 Ouata ON OK VM M M Cap High Low Stnc Comaawy SaM COOP) Ht» Law Buyar SIar Cw H p/t $m> 365 173 5123 COL (2000) HK 330 taich 10 330 330 310 325 8 3.7 2.4 112 *****
        211 words
      • Article
        Lock icon Untitled
        2075 22 BONDS, LOANS ft WARRANTS 52-Wk Last V®I Day Last Ouota Avq High Law St no Company Sata COOO) High Law Buy»r SaHar Prtca 104 3 s 3160 -Ac«rW*****1 USS 50 5 -775 684 58.5 50 50.5 51 80 4.5 1 3164 Ac ma ******4 42 -2.5 1165 46 40.5 41.5
        2,075 words
      • Article
        Lock icon WELLINGTON
        287 22 AFP n Wellington -1536 NEW Zealand shares fell 0.7 per cent yesterday but Telecom Corp's resilience insulated the market from Wall Street's 1.7 per cent dive. The NZSE-40 Index was down 15.36 points to 2,204.46 on turnover of NZ$l25 million with NZ$65 million worth of it in Telecom. —AFP
        AFP  -  287 words
      • Article, Illustration
        Lock icon BANGKOK
        864 22 AFP set Index +BJI THAI share prices rose 1.8 per cent yesterday as a flood of bank results showed some unexpected improvement, dealers said. They said there was heavy trade in the banking and finance sectors, which posted gains despite companies reporting sharp losses in the first half. The
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        398 22 AFP Q Composite Indg -3X34 SOUTH Korean share prices closed 3.3 per cent lower yesterday amid rising money market rates and concerns over the impact of Daewoo Group's restructuring plans on the financial sector, dealers said. Weakening regional markets and futures-related selling also pressured the composite index, they said.
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        Lock icon SYDNEY
        653 22 AFP PAnOrfairiag -15.7 AUSTRALIAN share prices closed down 0.5 per cent yesterday in reaction to a slide on Wall Street, brokers said. The Australian Stock Exchange's benchmark All Ordinaries Index ended down 15.7 points at 3,111.4. The All Industrials Index closed down 18.9 points at 5,402.2 while the All
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        Lock icon JAKARTA
        747 22 AFP C 1 Composite Index -8.75 INDONESIAN share prices closed 1.3 per cent lower yesterday in line with a sharp fall on Wall Street and weaker regional markets, dealers said. They said a limited rebound in select pharmaceutical and telecommunications stocks however limited the extent of the fall. "The
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        Lock icon MANILA
        332 22 AFP Q Manila -3L97 PHILIPPINE share prices fell 1.3 per cent yesterday in tandem with an overnight fall in the US stock market, analysts said. The Philippine Stock Exchange Composite Index fell 31.97 points to close at 2,519.45. Volume rose to 1.8 billion shares worth 2 billion pesos from
        AFP  -  332 words
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      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      5647 23 Tl .llls.ll I|«MI <1.1 (r Jill >\ I Htgh *"*Li» IIN< Company liS COOP) Hm> P V Uw *wk °4eSer C>r pjt $0X Prt5 1U 17.* m 6 1000 Acme 10c 132 ITT 142 110 1)0 IX 10 U U 10.* 21X4 112 •4
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      Lock icon SESDAQ
      1116 23 Mil ImlMi MflfcV tor tMMICI'NIMIMMVIIfVICIi Ctf r& —"u. >rsa. t «g y a a.a s? s ;igr;an&—s t as* a 2 a"«a m v a U 15 < AtmST— m i nil 11! tn B B iSj lit ui .'J 50 c *i«MCom10c MS -4J WW M tt Ml
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    • STOCK EXCHANGE OF SINGAPORE
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        414 24 Stock! Volume Asia FoodSProp 36,540,000 Hotung Inv NT5 33,880,000 Golden Agrl USIOc 32,572,000 IPC Corpn 5c 22,357,000 •Gentinglnt 18,276,000 Tuan Sing 25c 17,816,000 l-One 5c 16,651,000 GES Intl Ltd 20c 16,541,000 Poh lian 10c 15,995,000 Eagle Brand Hldgs HK75c 13,687,000 SlocH SPH 58,537,162 DBS Land 34,760,770 SIA Foreign 28,782,440 GES
        414 words
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        Lock icon Blue chips knocked as Dow's fall spooks market
        586 24  -  STOCK MARKET COMXXIIVTARY Battering of blue chips cuts short recovery in second-liners; decent plays seen in transport sector By R Sivanithy THE nascent rally that began on Tuesday was swiftly killed off yesterday, as overnight weakness on Wall Street spilled over to
        586 words
      • ON THE GRAPEVD9E
        • Article
          Lock icon Penny, Money count at Citibank
          38 24 CITIBANK sure knows how to pick the right names to head Its corporate communications division. Its director of regional corporate communications is Penny Shone, while Its director of corporate communications is Money K
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          Lock icon It's tansrilee@
          90 24 WHEN it comes to choosing a name for an e-mail address, one common option adopted by many is to use the given name. But the colourful Malaysian property tycoon Lee Kim Yew of Country Heights Holdings Bhd has decided to be different by incorporating his Tan Sri title
          90 words
        • Article
          Lock icon Anwar's brother quits
          42 24 MANY associates of ousted Malaysian leader Anwar Ibrahim have been ejected since his sacking last September on charges of corruption and sodomy. The latest casualty is his brother, Marzhuki Ibrahim, who has quit as director of Penang-based Leader Universal.
          42 words
        • Article
          Lock icon Free electricity with coffee
          113 24 HOW much would you pay for a cup of coffee from Ho Kwon Ping, CEO of the Wah Chang Group? 96,000 apparently. That was how high the bids ran to get a cup of coffee made and served by Mr Ho. Starbucks, the US coffee chain,
          113 words
        • Article
          Lock icon ABN Amro at its best
          178 24 ABN Amro has clinched the "Best Foreign Bank" of 1999 in Thailand and Indonesia and "Best Foreign Securities Firm" awards in Taiwan in Euromoney's annual Awards for Excellence. The "Best Foreign Bank in Thailand" was given to ABN Amro for its commitment to the country.
          178 words
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        Lock icon HOT STOCK
        65 24  -  -By Ven Sreenivasan DBS Land has been recovering steadily during the last few days despite the overall market weakness. The counter is now within striking distance of its medium-term support level, which is around $3.20. If the current momentum holds and the technicals suggest it will the counter
        65 words
    • WAREHOUSING & LOGISTICS
      • Article, Illustration
        Lock icon From middlemen to infomediaries
        1251 25  -  In the modern global logistics industry, supply chain management is more than a buzzword: it has become the lifeblood of this rapidly transforming industry, says DONALD URQURART DONALD URQUHART The writer is with the Special Projects Unit at SPH IF YOU consider the traditional model of
        1,251 words
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        Lock icon Supply chain management —for everyone
        1319 26  -  It's not only the large corporations that benefit but the small to medium-sized businesses as well, says DAVID SMITH DAVID SMITH The writer is director (strategy and alliances) of Federal Express Asia-Pacific ASK the question "What is supply chain management?" and you are likely to
        1,319 words
      • Article, Illustration
        Lock icon More than just a military science now
        998 27  -  Logistics has come a long way since the days when it was looked upon as a strictly tactical or cost-containment function, says CYRIL RODZUGO CYRIL RODRIGO The writer is vice-president of Emery Worldwide, Asia-Pacific area Logistics was initially conceived as a branch of
        998 words
      • Article, Illustration
        Lock icon Riding the e-commerce wave
        609 28  -  A revolution is taking place in the express distribution industry, says MICHAEL DRAKE MICHAEL DRAKE The writer is managing director of TNT Express Worldwide (Singapore) SINCE its inception in the 90s, the World Wide Web has dramatically changed the way in which business is done. The
        609 words
      • Article, Illustration
        Lock icon A preview of things to come
        648 29  -  Companies are getting more and more innovative in a bid to enhance performance, says MICHAEL NOVITSKT MICHAEL NOVITSKY The writer is the president of Professional Consulting Alliance in Wilton, Connecticut, in the US A GLOBAL business revolution in applying supply chain management (SCM) techniques
        648 words
      • Article, Illustration
        Lock icon The shrinking space of warehousing
        869 30 Businesses today are using warehouse space one-fifth of what they used to have HONEY, I've Shrunk The Kids is an apt movie title to describe what's happening in warehousing today. This is because the same is happening to warehousing as this aspect of the total
        869 words
      • Article
        Lock icon Let's have some attitude — of cooperation
        1442 30  - Let's have some attitude of cooperation Governments and industry bodies need to work together in determining more efficient methods of importing and exporting goods By: Paul Graham The writer is president and chief operating officer of Circle International, Asia-Pacific OVER the years we have seen the very positive evolution of
        1,442 words
      • Article, Illustration
        Lock icon Growing the logistics hub in Singapore
        1160 32 Although the Republic has a world-class seaport it is not resting on its laurels LOGISTICS has been the buzzword in the manufacturing sector for much of this decade and will no doubt continue to feature prominently in the next millennium. As global competition gathers
        1,160 words
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      199 15 ALL THE COMFORT OF HOME AND y Palace Orchid Star Princess Gold Hollywood Geylang Cherry Joo Chiat Opera A GOOD PARTNER IN BUSINESS. minutes wa lk fr° ra Kallang (E3) Aljunied (E4) MRT stations Air(,nt ltl(,neC n><)mS (j m Attached bathroom 15 minutes drive to Suntec City Convention Hall and
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      64 17 SALE BY TENDER 156 GUL CIRCLE Existing 1-storey detached factory I warehouse with a 3-storey office annex and a new 5-storey factory I warehouse building at the rear GFA: 138,533 sf (12.870.195 m) Land area: 105,650 sf (9,815.15 m) Tenure Balance approx. 25.5 years Approved usage: warehousing logistics activities Closing
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      750 17 ■I SCANSEEHEARIRANSIAIE HUMAN! in o e c on d M Don't open a dictionary No more keyboard m v»uicktionaiy |L. J Tfre [il jKpP NMF Qj Si an See the ET m Hear the Translate the *>■ Tr W\ JR 0 any word Kg«word read word with one y£ I
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      683 18 ISETAN (SINGAPORE) LTD (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 28th Annual General Meeting of the Company will be held at the Jupiter Room 111, Apollo Hotel, Level 3, 405 Havelock Road, Singapore *****3 on Thursday, 12 August 1999 at
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      867 18 LUN CHANG HOLDINGS LIMITED (Incorporated in the Republic of Singapore) I NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of I Lum Chang Holdings Limited (the "Company") will be held at the Board Room of the office of Lum Chang Holdings Limited, 38 Kim Tian Road,
      867 words
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      9 18 TODAY lianfte Zaobao TitKifflCfttJ! ISL» mm ftiuHxtr I \nrim
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      70 18 FORD MOTOR CREDIT COMPANY U.S. $750,000,000 Floating Rate Notes Due January 17,2002 In accordance with the terms and conditions of the Notes, the interest rate for the period 19th July, 1999 to 18th October. 1999 has been fixed at 5 435% per annum The interest payable on 18th October. 1999
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      102 21 NOTICE IS HEREBY GIVEN that I, YASUHARU MATSUTAKE of 8 Stevens Close Singapore *****8, have applied for a Public House First Class Licence in respect of M/s Cable Car 1890 s Saloon located at 17 Cuppage Road Cuppage Terrace Singapore *****0, and that this application will be considered by the
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      109 21 NOTICE IS HEREBY GIVEN that I, NG NGAI KAN of Apt Blk 123, *05-2909, Paya Lebar Way Singapore *****3, have applied for a Public House, Second Class Licence in respect of M/s Amarathai Restaurant Pte Ltd located at *01-06, The Amara, 165 Tanjong Pagar Road Singapore *****9, and that this
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      100 22 NOTICE IS HEREBY GIVEN that I, BERNARD UTCHENIK of 25AToh Heights, Singapore *****0, have applied for a Public House, Ist Class (Extended) Licence in respect of M/s Bernie Goes To Town located at 82 A/B Boat Quay, Singapore *****0, and that this application will be considered by the Liquors Licensing
      100 words
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      107 22 NOTICE IS HEREBY GIVEN that I, ONG BEE LIAN of No. 15 Highland Terrace, Singapore *****7, have applied for a Beer House, First Class Licence in respect of M/s F D Eating House (Tampines Branch) located at Blk 138 #01-148 Tampines Street 11, Singapore *****8, and that this application will
      107 words
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      105 22 NOTICE IS HEREBY GIVEN that I, PHUA CHENG CHENG of 25 Sunrise Place Singapore *****1, have applied for a Beer House 2nd Class Licence in respect of M/s Garden Food Court Pte Ltd located at #81-01 The Concourse, 298 Beach Rd Singapore *****4, and that this application will be considered
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      103 22 NOTICE IS HEREBY GIVEN that I.TAY CHONG SWEE of 41, Jalan Pergam Singapore *****7, have applied for a Wholesale Liquor Shop and Retail Liquor Shop Licences in respect of M/sTay Miang Huat Pte Ltd located at 16, Woodlands Link Singapore *****5, and that this application will be considered by the
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      57 23 Multiply your wealth. yml W The Equity Investment Account from Citibank. W flp W Gives you credit to invest in shares and interest on your positive balance. jl Br y What better way to multiply your money? Call 339 7126 to open an account today Or visit our website at
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      1317 24 Toothache 7 See your dentist, investment advice? You need DBS Investor Online. Get the Best s .ill 11, i! 323-3955 S3l )|*SBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTH Of THE COMPANIES ACT,CAP 90 mm IN THE MATTE* Of TECHNOLOGY INITIATIVE PTE LTD
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      73 24 J. A.M. SECRETARIES CONSULTANTS (S) PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap 50, that the Final Meeting of the abovenamed Company will be held at 27 Cantonment Road, Singapore *****5 on 22 August 199 at 11 a.m. for
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      167 25 \/(/4 provideourcustomers J I ■SlVflfffTNKia W PSA Corporation is Sin^pMa^st warehouse owner. Ov well-managed distriparfcs facilitate cargo storage, consolidation and distribution, and light manufacturing activities. With our strengths in IT applications m warehouse and logistics management, we can provide you with total logistics solutions fully integrated iith our container terminals.
      167 words
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      94 25 In three simple .'/mcis. t's S." no- 6.s On:-, S. •> r. Bus P.v" i, .i S.-vboi The.' tire \o<: r smcjle sc-ir.e the >• ,ir V i\ji ■T H ,i >■>~'*. ...r •>•>•• v 'inks in S"tt .v.ve rinii ivml 'i-p >• »iv- riit\ :,■<. ■< ir How to
      94 words
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      146 26 4- THE MOVING SPIRIT BEHIND THE WORLD'S FINEST LIQUORJM^* WINES AND TOBACCO mWfc-i *+a. k mmm IHI »ay j JBHHWVf Zenecon Bonded Warehouse Pte Ltd One-stop Service Saves You Time Money 3 ai Zenecon Bonded Warehouse operates six warehouses, ■j jk?S flßlifei -rir totalling 150,000 square feet for the moving
      146 words
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      96 26 Interested In Overseas Port Venture? Free-hold owner of 20,000 M 2 Container Yard located at the IN-OUT gate of the Main Container Terminal in Sri Lanka Port Authority Colombo, invite Companies providing Port Services, Cargo, Sea Freight, Container Handling, Warehousing Logistics to take over this facility on 10-20 year lease
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      59 27 The No. 1 air express company in Singapore and Europe announces EUROPE FIRST. Its the fastest way to deliver almost anything to Europe-Guaranteed*! With the largest network we also offer the latest pick up and earliest delivery. So for export made easy to Europe, contact our 24-hour DHL Customer Service
      59 words
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      120 28 Distribution UmtUd Integrated Logistics Solutions fcZsLi)! 1 \B 1 *iwl KkjisSjßß^d ■IWHk C t «w——■_ >i. y frM iniiHin mrtmf\ *bst* ESI i«Bmi ll y||Jr 11 Our Value Proposition Logistics Engineering Expertises Integrated Solutions Network Management CWT Distribution Limited, 24 Jurong Port, #03-00 Office Block [/P\^l CWT Distripark (HQ) Singapore
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      273 28 ■nop f <^XP^QIV MARC™ SYSTEM IS IN CONTROL At times your shipment data can be just as valuable as the shipment itself. Warehouse distribution and automation is one of TRW's cornerstone capabilities. TRW's platform-independent MARC™ (Material and Resource Control™) System deliver superior functionality, efficiency, accuracy and control in medium to
      273 words
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      361 29 A Class Above Others The University of Newcastle, HH The UNIVERSITY The program is wholly conducted situated in New South Wales, r M p\UC iCT| F in Singapore. The program may be Australia, is Australia's leading !NtWLAS ILt completed in 18 months. regional university an exceptional austral,* Those with Degree,
      361 words
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      203 29 Your Virtual Partner EbaMtm^Bßßr VAW M We are an Integrated Third Party Logistics Provider "We arc committed to deliver cost effective, reliable services md virtual supply chain solutions, flexible to changes arid through optimization of people, information technology, financial resources and processes for 1 l^npj||H the profitable growth together with
      203 words
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      124 30 ASCENT Technology to Serve You Investing on Technology to serve you better Serving you wBs State-of-Art Warehouse Management System One-on-One Barcode Radio Frequency Technology I Focused Account Management ll Open IT Architecture for EDI E-Solutions Customized Processes Reports tk Automated Storage Retrieval Systems (ASRS) Quality Service and Continuous Improvement Our
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      63 30 ■INTEGRATED COST EFFECTIVE SOLUTIONS At Lend Lease Projects, we provide integrated, cost-effective to meet your needs. Services Authority Negotiations Project Management ■SBIH Lend Lease L®nd Lease Projects Re Ltd 510 Thomson *06-01 SLF Building Tel 65 258 7777 Fax 65 259 6677 http://www.lendlease.com.au Worldwide Offices China Hong Kong Taiwan India
      63 words
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      36 32 n£r V" fTPIIH^^^HH^^^H I oilman education institution. The Straits Times Classified is my course to success. CATS. Buy H. S«fl k. Find It. 1800-737-1166 Call Today For Results Tomorrow. CATS. Buy It. Sell It. Find It.
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      197 32 Increase Profits With Datavision-Prologix Whether you are moving toward company-wide enterprise management or automating for the first time... think DATAVISION-PROLOGIX. We are leader in system integration for mobile computing, barcode scanning and wireless networking for data management. We specialize in the integration of systems for warehousing, logistics, manufacturing and distribution.
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      51 32 ERMEWA (Singapore) Pte Ltd 46 Peck Seah Street Heritage Court Singapore *****6 Tel: (65) 324 6061 Fax: (65) 324 6062 e-mail: ermesin@pacific. net.sg GLOBAL SOLUTION FOR YOUR BULK REQUIREMENTS SINGAPORE i r AUSTRALIA N. FRANCE X \UK GERMANY USA e 814-5 i II m wSP'tSwi 4 TMraw 11 TAIWAN anoun
      51 words
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      131 33 Bridge News, Reuters TANKERS: Owners of very large crude carriers (VLCCs) trading in the Persian Gulf are finding it more attractive to opt for shorter voyages due to high bunker prices and ULCCs are trying hard to compete. North Sea Aframax rates look to settle back down again
      Bridge News,; Reuters  -  131 words
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      Lock icon MARITIME STOCKS
      289 33 sts 'm&M ■wr si »i CWT Distribution 1.41 0.03 400 Chuan Hup 1.19 -0.03 TN Cotco Invastmant—U) unch 142 Freight Links 0.39 -0.02 ***** OB Hoidbtgs 0.93 -0.06 211 Hal Sun Hup 0.81 -0.05 596 IMC HeMn«s-HK 5.60 unch 0 Jay* Holdings 0.93 -0.06 435 Jurong Shipyard 7.70
      289 words
    • Article, Illustration
      Lock icon S'pore venture to launch first ballast water facility
      369 33  -  ETI invites partners for commercial production of eqnipment By i George Joseph [SINGAPORE] A Singapore R&D company is close to developing a prototype of the first shipboard ballast water treatment facility which is poised to spin off a multi-mil-lion dollar industry. The
      369 words
    • Article
      Lock icon V Ships in venture to train seafarers
      114 33 BernamaXinhua [SHANGHAI] The world's leading shipping management company, V Ships, based in Monaco, and the China Shipping Group, a staterun shipping conglomerate, will join hands to tap the overseas market. According to a letter of intent signed in Shanghai recently between the two
      Bernama- Xinhua  -  114 words
    • Article
      Lock icon PSA is first local MNC to win Singapore Quality Award
      241 33  -  By I S Shivani [SINGAPORE] PSA Corporation has won the 1999 Singapore Quality Award, and has become the first Singaporebased multi-national corporation (MNC) to be given the award. The award, a symbol of the pinnacle in business excellence, was presented
      241 words
    • Article
      Lock icon China frees 16 suspected Indon pirates: report
      388 33  -  Suspects were involved in hijack of Japanese cargo ship last year By] Marcus Hand [SINGAPORE] China is reported to have released 16 alleged Indonesian pirates who were suspected of murdering the 15 crew of the Japanese cargo ship Tenyu when it was hijacked
      388 words
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      Lock icon NYK, TSK to start joint S'pore-M'sia-Thailand service
      186 33 [SINGAPORE] Japanese shipping lines Nippon Yusen Kaisha (NYK) and Tokyo Senpaku Kaisha (TSK Line) are launching a new joint service linking Singapore, Malaysia and Thailand. The new service called the Thailand-Ma-laysia Express (TMX) will provide a fixed weekly service between five ports in
      186 words
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      Lock icon HK, S'pore must defend turf
      1051 34 ASIAN PORTS Ports of Shenzhen and Taiwan take on Hongkong while a new Malaysian port will compete with Singapore [SINGAPORE] The Port of Singapore may have wrested the title of world's busiest container port away from Hongkong last year, but these ports have threats closer
      FILE PHOTO  -  1,051 words
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      Lock icon SHIPPING SCHEDULES INDEX
      197 34 PAGE Dpk Lloyd 8 ACL 6 Donqnama 3 ANL 3 EC0Lin 6 9 Accord 8 ECL Appenshtp 5 Ewf rew 6 Austral 8 F00 Sl 8 Baiafi Shpg 5 GUnk 4 Gemartrans 6 BSA 7 Hangli 7 B tang Mas 8 Hao)in 3 CCHI 7 Heung-A 4
      197 words
    • Article
      Lock icon SHIPPING GUIDE
      13521 41 thebusinesstimes EXPORT FT A FT A A riuarticar cl nL. Ad rt,s r V s *>*««• Telephone ETA ETA Advertiser Vessel Voyage Tei«*K>ne SIN Destn Name Name Number Number SIN Destn Name Name Number Number T« ARID I AM IAR It snni 11/08 05/09 Nocsul IWATO 019S 65
      13,521 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        763 43 Vessel Voy No Berth Arrival Departure *«n"f' HC/12 *j05 21/07/8:15 22/07/14:00 WMu«fu 111 ***** J06 21/07/7:45 22/07/23:00 rokoftama 904* J07 21/07/8:55 22/07/7:00 Canda 3 04/99J J15 21/07/9:25 23/07/6:00 Agua Lucky Of C 99 J02 21/07/10:10 21/07/23:15 Spc Virgo *****9 J12 21/07/10:30 21/07/17:00 Cotaftato M J05 21/07/13:35 22/07/15:00 *»n
        763 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1812 43 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Boofcinq/BaUnc* tstls Ship Voy No Etb/Btr P»rkxl From To From Aci Lily 01* 21/0700 U 21/1900 2V*59 21/1*00 IB 21/1500 21/1659 21/H00 U 21/1700 22/0659 22/0900 2t 21/T700 22/0659 22/0900 1 22/0700 22/1159 22/MOO 4 22/1200 22/MM 22/1700 II It
        1,812 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        193 43 Aaf 2 Ireland-Republic Of: August Holiday. Aaft Singapore: National Day. South Africa: National Women's Day. Aug 12 Thailand: HM Queen's Birthday. Aug IS Belgium: Assumption Day. Hong Kong: Sino-Japanese War Victory Day. Luxembourg: Assumption Day. Aaf 17 Indonesia: National Day. Aaf 29 Philippines: National Heroes Day. Anf 30
        193 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        795 43 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 average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        795 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        482 43 Carbon ISO Ma 990.6 0.1 15.7 0.10 78 0/F Jul IS Density Water M*n Ask mUm Siftiil No abow £25 0 2 2 0 0 1 380 907.3 0J Q.7 0.07 36 0.02 t„„ 380 Max 994.9 0.8 20J 0.14 201 0.08 *W1 %M/M %H* mi
        482 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Eurocontrol warns of future air traffic delays
        341 44 Air traffic body working with govts to take measures to cat down on congestion Reuters {BRUSSELS] Europe's air traffic control (ATC) body warned that people travelling via Italy, Switzerland, France and Spain face possible serious delays in the future because of a shortfall
        Reuters; FILE PHOTO  -  341 words
      • Article
        Lock icon Lufthansa fined for restrictive ticketing system
        213 44 Bloomberg [FRANKFURT] Deutsche Lufthansa AG, Europe's second largest carrier, has been fined 10,000 euros (5517,500) by the European Commission (EC) for anti-competitive behaviour regarding its electronic computer reservation system. The EC, the European Union's executive arm, ruled that Lufthansa was slow in enabling reservation
        Bloomberg  -  213 words
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        Lock icon Airline VIPs
        57 44 [N ARITA] A cabin attendant showing off an eel imported from Taiwan at the New Tokyo International airport yesterday. Due to the upcoming eel-eating day on Saturday, when eel restaurants and shops do their record business of the year, Japanese airlines decided to make special flights to import
        AFP  -  57 words
      • Article
        Lock icon BA takeover of CityFlyer gets nod
        321 44 But limits will be placed on BA's slots at Gatwick Bridge News [LONDON] UK Secretary of State for Trade and Industry Stephen Byers has cleared the acquisition of City Flyer Express by British Airways, subject to BA limiting its holding of take-off and landing
        Bridge News  -  321 words
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        Lock icon PAL posts first monthly profit in two years
        315 44 AFP [MANILA] Massive cost-cut-ting and higher ticket sales led debt-ridden Philippine Airlines (PAL) to post its first monthly net profit in two years, earning 16.2 million pesos (*****,000) in May, the company said. The airline last booked a net profit in April
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        499 44 Reuters [SINGAPORE] Boeing Co won a strategically important Australian order yesterday, setting itself up to exploit an emerging market for radar surveillance aircraft. Australia chose Boeing as preferred contractor for seven airborne early warning and control aircraft and related ground
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          76 44 AFX-Asia [JAKARTA] Authorities in the capital plan to raise public transport fares by up to 100 per cent at the end of the month, Jakarta vice-governor Budiharjo Sukmadi said. The city traffic agency, the Indonesian Consumer Foundation and the Association of Public Transport
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          55 44 Reuters [NEW DELHI] Indian airports are likely to handle 60 million domestic and 21 million international passengers by 2005, a trade body said. Hie PHD Chamber of Commerce and Industry (PHDCCI) said the airports we» likely to handle 300,000 tonnes of domestic cargo and 1.2
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          Lock icon EU won't reopen Alitalia case
          93 44 Reuters (BRUSSELS] The European Commission said it would not reopen a probe into state aid paid to Italian flag carrier Alitalia in 1997 after the Italian government pledged to deal with alleged breaches of competition in the Italian aviation market "The Italian authorities have now
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        1919 44 OH FIKKT ETA FUCMT CTS LH786 1605 S0326 0950 IMk AJN230 «M N***** 1605 LH787 2350 LH6381 1850 S0?007 1605 NZ4587 2350 m MSO MM 2350 BA7309 2120 U«£3 2» on 2120 MM OB kmttrUm S023 0705 IU844 0040 SOW 1645 S0990 0105 SO327 0745 KL838
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      105 33 Asian ports: HE, S'pore must defend turf Ports of Shenzhen and Taiwan take on HK while a new Malaysian port will compete with S'pore. Page 2 Warehousing Logistics a special supplement A paradigm shift is occuring in the logistics and warehousing sector, where coping with information flows is as critical
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      23 33 Eurocontrol warns of future air traffic delays Air traffic body working with govts to take measures to cut down on congestion. Page 12
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      120 34 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK Real-Time Shipping Information Y (global home page) www.nykline.com (for USA rates) www.na.nykline.com ifnnili 1i" *»w. i i iil—— i HSiiiVi i7iS i 1 c
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      90 34 /S SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN PORTS Hona Kona A All China Port* (EVERY THUR Mjjj VK»»gL> [VESSEL VOY FTP SIN ETATYO tTA KOt ETA YOK ETA NGO ETA OSA »ARE AfRICUM VOIIIO
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      546 34 /J DDCEAN UNES AGBICIES PTE LTD WEST COAST-USA Turn To Pq. 7 [finSSqyKhldMiri^HwNTKGTinrceplingKUteColnbodS^^ Afl WBQB 0171 71.07 2107 77.07 77.07 31.07 OCfIT 04J0 07J> o;j| "m[M~ ■WCNOWOIB OIOM VM Jto7 01J0 0100 wwa>KUiiaDm wag 1107 tuo KXMMA 0110 77.07 JjUtf JUO7 QUI ttJO WJ> ItM 11 JO 1U» 13J0 tamn
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      166 34 r n eCXeSented A Member of the Ic fAI by Members ol the Registry c< ui > ■>.■ Singapore Freight Forwarders Accredited Shipping Agents Association Jx Singapore Shipping Association LILY UNE MALE [VESStt VOY HA Teu IU P. KLAMG SfOtE MALI Empress Lify V 0399 24/07 25/07 01/08 Empress lily
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      1090 35 SAX SERVICE (DIRECT) Vtssa VOT SKETA LAX OAK MI HOU CHI 001 MB* AH WTC rnvmam 0131 21/07 os/o» io/ob 10/oe io/w to/os 10/01 10/08 11/w 11/ns AftTOUMMUMt 0271 a/07 12/08 17/ M 17/06 17/00 17/08 17/06 17/ M 18/00 18/08 Uiim 0131 04/06 19/06 24/06 24/06 24/08 24/06 24/06
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      2179 35 ®HANJIN SHIPPING Ilk Pi iMsMnlw -We ****** HANJtN SHIPPING fS) PTIITO h*//»■■ honpo can WOKING ********** SAIfS *****74 731 DOCIMNI *****71 274 OFHATKMS *****50 751 MAIM UK *****55 fU 777WM QUO **********0 M TO NW USA CANADA USA CANADA* ratvsi/voy lUI I umhaia/voy siTI nW on V~m Foi mr m
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      297 35 FULLY CONTA IN■ IIIP PBPICATIP IIIVICII VESSEL WT_ Jj«_ fit VOT SW it B IH IHi KMTC PROVIDES IMT(KIEIUHC tlflS 11/07 20/07 1I« 71/07 25/07 27/07 H/07 30/07 *auo on w~ CONTAINER SERVICE HTWP4ISWBWB 0275 2V07 30/07 01/00 OVOO MAW WTCHOttaOUG 1105 75/07 27/07 910H 21/07 01/01 03/01 05/00 07/00
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      1664 36 DSR-SENATOR LINES TO UK/CONTINENT TO MEDFTERRANEAN/CANAPA ««a WT SW LB4 RTMMWHAMMVfU VtSSfl VOY "ST" MI IK TO lIIC HI HMUN WMMNGTON WNO32 11(7 KM MM 07 00 MM 1(M tl 00 OS# AMERICA WIM32 27 07 MM KM 12« 14M 22 00 TIUOE HARVEST WQC32 23 17 14 00 1$
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      1446 36 1 EXPRESS CONTAINER FEEOER FOR N.SHEVA/COLOMBO VMM) S PORE N SHEVA COLOMBO P KLANG MASTIGAVII6W 26 JUL 13 AUG 11 AUG 15 AUG CAPE CANAVERAL V INW 02 AUG 11 AUG 17 AUG 22 AUG TUISIOAS ¥112 09 AUG 17 AUG 24 AUG 21 AUG B MAS TIGA W 119W
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      1528 37 I VESSEL voy kmh hko SIN pko pqb DXB DMM IBA I BIK IRAN TEYFOURI PCL-5111 14/07 16/07 20/07 21/07 30/07 31/07 01/08 03/08 08/08 IRAN BAAKERI PCL-5112 21/07 23/07 27/07 28/07 08/08 07/08 08/08 10/08 12/08 IRAN SHAHRYAR PCL-5113 28/07 30/07 03/08 04/08 13/08 14/08 15/08 17/08 19/08 IRAN
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      2325 37 IA I >;* ;j DiibovH (Vb MM) |V*P^ I SINGAPORE'S GENERAL AGENTS: 80 ROBINSON RD TEL 226 1 900 FAX: *****08 OUTWARD (l/L) *****02 JOHORE OFFICE; COSTAR SHIPPING PTE LTD #12-00 sales/ikgs 420SSS7/m inward oett (D/o) *****ts COSTAR AGENCIES (flft) SDN BHD CR NO: *****8*0000* SINGAPORE *****8 CONVENTIONAI *****50/55 T/SHTMT
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      1288 38 EUROPE AIK/SCANDiNAVIA/FiNLAND/RUSSIA C ncut s F,D AMW HW p M£ LHV J LHV THP ROM ANW HBG PKL fIGP~| I „5, »"?2 12/ M IJ/M 14/ M 1,/W 17/ M 'Wl E. REWARD RE-034 01/07 03/17 0207 0407 06/07 2507 2007 E DECENT RW-010 31/07 19/00 2500 21/00 23/00 24/00
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      968 38 nrP ADVANCE CONTAINER LINES (PTE) LTD TEL: *****21, FAX *****19, TELEX PS ***** ACLPL BOOKINGS PLEASE CAUL- *****22 SALES A MARKETING *****21-21 OPERATIONS *****00* *****06 CP NO. 1653W*****E VOY Jg y i MCK Vissa VDY jkt KOTAMNA IBftJ/ICH) 8NA135 20/7 \m 23/7 Fn 091 20/7 1u» 23/7 Fn MAHN[t»J) 11ZZ
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      417 38 lpraamaa SO TELOK 9LANGAH ROM) ***** CfTIPORT CENTRE S'PORE *****9 TEL: *****11 (6 lines) FAX: *****05 I TLX: RS ***** CR NO. **********0W VESSEL VOY. ETA ETD DESTINATION IKAGURI 17» 2M7W 27,17<99 PKL. BALAM ILMAMUI K/99 27/07/99 2W7/99 POWTIAMAK IKAGURI 11/99 3007/99 3107/99 PALEMBANGPKL BALAM ILMAMUI 06/99 04W99 04W99 PONTIANAK
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      449 39 BSA M MYANMA pHttk FIVE STAR LINE (Myanmar National Um) Loading for Yangon (Rangoon) VESSEL VOY UN PKL PEN PGU SAGAING *0W SLB PAGAN 2*6W SU) RALAYSIA AGENTS: 80USTEAD SHIPPING AGENCIES KUL TH (03)*****00 PKL- HI (03)376*101 PEN: TU (04)2****** PGU: Tft (07)*****21/4 BANK LINE (A if Wet »l Mw
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      1268 39 HMMO HYUNDAI MERCHANT MARINE CO., LTD. ivcsa vor sr sou uh rtr ant Iharl tv a |[vKsa vorl sou |Lm I rtm lam I har 1 wrv I mI sw HT CORROOOM 320W 22/07 09/06 14/06 11/01 12/06 THAMES 555E 26/06 03/07 30/0* 01/07 22/07 RMC 528W 23/07 13/06 14/06
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      1079 39 WAUENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVY LIFT SERVICE* |VKSa VOY RAMP HEIGHT SIN LAX CKL NUA SAV BAi OKF NYC KW MM 1 TOIA AHO2 400 Urn 6.3 M 28/07 25/01 ***** 6*7oT 01/09 10/09 n76T 13/09 TT/WW^ TARONGA AHO3 400 TMS 6.3 M 10/01 09/09
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      1031 40 BANGKOK/ MAP TA PHUT/ LAMM CHABAMO JAKARTA/PAN J A NO VESSEL VOY SIN~f BKK MTP LCHVESSEL VOY SIN JKT PJN YANTRA BHUM 3QON In Pt 2S/07 GURU BHUM 138 SB 23/07 25/07 KOTA HARTA HTAQ47 In Pt 2S/07 AKA BHUM+ 3&3S 24/07 28/07 MATHU BHUM 424N 24/07 28/07 27/07 ANHO
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      583 40 yFSBf:|S «N PKL JED MLA LEH RTM HAM ZEE SOT SAUDI N32W 26*07 ZT/Q7 06WB 1(VOe ICAB 17/06 IWOB 2MB 22AJ6 V±E DC SHANGHAI H32W WW tWO 6 18/08 23AM 24/08 20/08 27/08 2*oB VmDOHKW Y3ZH I<VDB 11/06 2VDB 30/06 31/06 OC/OQ CXVD6 CM VM±E DC MMOSA W3W 17/08 25A36
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      49 41 INTRODUCING OUR NEW FAR EAST USA TRANSPACIFIC EUROPE SERVICE Turn To Pg 6 FULL CONTAINER (EVERY MON/WED/FRI) EXPRESS SERVICE MSC Agencies Pte Ltd Turn To Pg 5 For Service From PASIR GUDANG/ ■k SINGAPORE cs Chl~Sl!!ppto t (S) ST/VIE AH Agencies Pte Ltd JH CONTAINER LINE Pg 4 I
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  • Page 43 Miscellaneous
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      120 43 LEGEND R Thunderstorm Temperature o c X\ Shower Weother Wind direction with speed m knots Rom V^y Cloudy Sky Wove W, WM ,to l>y orrows which My with the wind \*J One »u« circle represents calm or bght ond vonoble winds One holt tleche represents 5 knots 1 n ec^e
      120 words
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