The Business Times, 28 September 1999

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Total Pages: 44
1 44 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 046/12/98 http://bi&Mress-times.asia1 .com.sg/ SINGAPORE TUESDAY, SEPTEMBER 28,1999 85C
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  • 62 1 sn *****8 (-28.63) BT-SBI 75&15 (-1.98) SIMSCI FUTURES 270u80 (-2.00) STOCK MARKET INDICES Monday Change KLSE COMP 679.52 -14.70 NIKKEI *****.06 -60.67 HANG SENG 12,760.46 -271.61 SET INDEX ***** +0.13 JAKARTA COMP 615.07 -147 MANILA COMP _2.067.04 -13.07 TAIPEI WPI 7,***** -***** SEOUL COMP 993.78 -37.78 CLSA CHINA
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  • 78 1 FOREX RATES uss s$ US$ 1.703 £(US$/S$ per 1543 1797 ElJRO(liSS/S$ perE) 1.044 L778 DM 1.873 0.909 YEN 104.1 1.636* RM 1809 0.448 HKJ 7.767 0319 BAHT 4050 0.042 RL'PIAH 8,445 0.020 •St to 100 units PRIME BATES SINGAPORE* 5.80 KUALA LUMPUR 7.25 JAKARTA 40.00 BANGKOK 10.00 MANILA 11.00
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  • 854 1  -  p=ij exclusive Eerie silence after Ghost Month with hardly any sales at some new launches By. Marissa Chew [SINGAPORE] It's been three weeks since the end of the Hungry Ghosts month, but home buyers appear in no hurry to be enticed by new
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  • 268 1  -  Currency worries and Taiwan quake undermine prices By] R Sivanithy [SINGAPORE] Singapore's Straits Times Index lost its grip on the 2,000-point mark yesterday, as Asian equity markets continued to be unsettled by currency fears and the effect the Taiwanese earthquake will have on businesses. With
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  • 439 1  -  US$ back to Friday's 104.6 yen level after rising to 106 By] Larry Wee [SINGAPORE] The currency markets appeared unable yesterday to make out what the G-7 leaders meant when they agreed over the weekend to "monitor developments in exchange markets and cooperate
    Source: Reuters  -  439 words
  • Page 1 Advertisements
    • 84 1 INSIDE M. HPL's Thio Gim Hock joins CityDev Pg4 Gold price soars over 6% Gold soared more than 6%, its biggest gain in almost 15 years, after a group of European central banks said they will limit sales and lending of their reserves for five years, pg 23 CQIITBIITO COMPANIES
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    • 46 1 With companies globalising and the world getting smaller•, think it's inevitable that we strive to be part of a global centre of excellence, like Incepta.J MD Elaine Lim of t Mage Public Relations which is being taken ovei by Incepta of Britain Full report. Pg 3
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    • 9 1 Sing dollar recovers, but for how long? Pg 6
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    • 88 1 Shadow over S 'pore stocks, Pg 6 Taiwan stocks slide 2.7%, Pg 18 Market reports, Pg 23-28 B V LG A R I CONTEMPORARY ITALIAN JEWELLERS I e The Astrea ring i t 11 I 13 N/ I— O/X V* /X M I V 3 V V_C_> V< V <
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  • THE next page
    • 534 2  -  Growth in nine major sectors will be measured, up from five By Anna Teo [SINGAPORE] To better track the growing services sectors, and to provide more detailed economic statistics, Singapore's gross domestic product (GDP) will now be measured and presented along nine major sectors,
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    • 1541 2  -  p:i I exclusive DBS Land, Keppel Land and Pidemco account for $l.lb of $3.8b total sales figure By Kalpana Rashiwala [SINGAPORE] Government-linked companies (GLCs) featured prominently in investment transactions of property in the first nine months of the year, accounting for nearly
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  • FOCUS people
    • 457 3  -  -i j exclusive PR firm's owners get cash, minority stake in UK comms group By Eugene Low [SINGAPORE] Homegrown public relations firm i.Mage Public Relations has been wholly acquired by Incepta, an international communications group listed on the London stock exchange. Under the
      SIEW YAW HOONG  -  457 words
    • 705 3  -  Elaine Lim lets go of her 'child' with mixed feelings, says eugeme low EUGENE LOW SEATED in her spacious office near Raffles Place, Elaine Lim cuts a relaxed figure in her crisp dark-coloured business suit. The managing director of one of Singapore's largest public
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  • SINGAPORE companies
    • 553 4  -  NEW LISTINGS At HK51.2019 each, price is set at undemanding &3 times PE By 1 Teh Hooi Ling TPV Holdings, which is gunning for the top spot among the world's computer monitor makers, yesterday launched 300 million shares for listing in Singapore
      TAN SUAN ANN/ST  -  553 words
    • 307 4  -  By, Andrea Tan EDUCATION provider TMC International Holdings Ltd marked its debut on Sesdaq yesterday with a hefty 59 per cent premium over its offer price of 29 cents amid a weak stock market. The share opened at 40 cents
      Source: Bloomberg  -  307 words
    • 306 4  -  Kalpana Rashiwala HOTEL Properties stalwart Thio Gim Hock is joining City Developments on Friday. Confirming the move last night, the 61-year-old executive director of HPL's property division told BT he will be a director of CityDev subsidiary City Project Management Pte
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    • 471 4  -  pi:i j exclusive Sources say less than 0-5% of its lim customers worldwide are based in Singapore By < Catherine Ong MEDIARING, a local Internet phone start-up in which Singapore Telecom chairman Koh Boon Hwee is an investor, does not pose significant competition
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    • 629 4  -  lock siew Wong Wei Kong HOW that the government is handing over more responsibility to the investor to make the right investment decisions, it is high time to raise the standard of annual reports issued by listed companies here. The annual
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    • 369 5  -  CORPORATE RESULTS Engineering division's turnover np, offset by lower property turnover By Wong Wei Kong BENEFITING from lower tax charges, Guthrie GTS has posted a 19 per cent increase in net profit to $6.47 million for the half year to June.
      FILE PHOTO  -  369 words
    • 286 5 PRINTED circuit board (PCB) maker Pentex-Schweiz-er swung into a hefty loss of $16.3 million in the year to June 30 from a net profit of $1.98 mUlion previously, due mainly to the cost of its rationalisation exercise. Loss per share came up to
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    • 308 5  -  No sharp rise in turnover expected for rest of year By, Jennifer Lien ELECTRICAL switch maker Clipsal Industries yesterday said its half-time net profit dropped 35.1 per cent to $5.6 mUlion. This follows a 30 per cent drop in interim net profit last
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    • 324 5  -  fty] Marissa Chew ULTRO Technologies yesterday reported a group net profit of $4.2 million for the year ended June 30, about 14 per cent lower than the previous year even though turnover grew slightly. The electronic components manufacturer and distributor said turnover
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    • COMPANY Briefs
      • 57 7 DBS Realty (Pte) Ltd, a wholly-owned subsidiary of DBS Land, has taken up a further 18,000 shares in Sea View Hotel, bringing its interest in Sea View to 23.39 per cent comprising 5,168,000 shares. Sea View closed yesterday 30 cents down at $10.50
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      • 70 7 UNITED Overseas Bank said its customers will be able to trade in foreign exchange online from today with its Internet service called UOB e-Treasury, which is the first Internet service of its kind for the banking industry here. Under the first phase, the range of products
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      • 95 7 OCBC Bank has been voted Best Bank in Singapore by Global Finance magazine in its inaugural awards for the best banks in the world. OCBC joins banks such as ANZ, which was tops in Australia and New Zealand; Banque Nationale de Paris in France;
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      • 96 7 Bloomberg ASIA Pulp Paper Co, the Singapore-based holding company for the regional pulp and paper businesses of Indonesia's Sinar Mas group, is preparing two loans to raise a total of US$l4O million (*****.4 million), reported basis point, an Asia-Pacific debt capital markets magazine. Dresdner Kleinwort Benson
        Bloomberg  -  96 words
    • 190 7 FIRST Capital Corporation (FCC) yesterday said it would recognise a $65 million gain in the current year from the securitisation of Century Square, instead of the $50 million announced previously. And instead of a deferred gain of $30 million, the deferred
      190 words
    • 399 7  -  Price fall cushioned by 3.5% limit down imposed on Taipei bourse By Siow Li Sen THE turnover of the Taiwan stock index futures contracts in Singapore more than tripled yesterday, with the price decline cushioned by the Taiwanese government imposing a 3.5 per
      FTLE PHOTO  -  399 words
    • 361 7 Bridge News [WELLINGTON] Brierley Investments Ltd has extended the period in which it may increase its stake in Air New Zealand until Dec 1. The acquisitions were originally slated to take place before Sept 30. Any purchases will take place
      Bridge News  -  361 words
    • 416 7  -  Group plunges deeper into red with $120 m full-year loss By'. Eugene Low A HUGE write-down of its assets brought LC Development's net worth down from $157 million to just $39 million for the year ended June 30. As
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  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 175 5 ©Singapore Expo, Singapore f| jj| 5-7 October 1999 A v Flrt. Safely A w A/ \A Kdtit Ada 'W flfll 'S' 7 r s== nsrn *>>■.. .im. Frof»««t*aai N ,to l Fl *W"«tta« Sl.,.pore CM! l>efe.ce AhmMM n§ t [si TDB (Stcarity Alia "W) (Stcarity Alia (H«. Safety A Knew
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    • 1081 5 II yUjljgflli Clipsal Industries (Holdings) Limited (Incorporated in the Republic of Singapore) Announcement of Unaudited Results and Dividend for the six months ended 30 June 1999 The Board of Directors of Clipsal Industries (Holdings) Limited announces the unaudited results of the Group for the six months ended 30 June 1999
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  • SINGAPORE markets
    • 574 6  -  |=ig comment STOCK MARKETT r. sivanithy THE uncertainty in the foreign exchange market and the general weakness that has shrouded regional stocks for some weeks yesterday took a large chunk out of local blue chips and spilled over to some of the
      574 words
    • 213 6  -  WARRANT WATCH By] R Sivanithy IT'S been quite some time since we had a look at the GK Goh warrant in this column so given that it has collapsed from around $1.10 in July to 34.5 cents now, perhaps it might
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    • 255 6  -  HOT STOCK By Wong Wei Kong OSPREY Maritime shares fell five cents, or 8 per cent, to 57.5 cents yesterday. Trading in the stock increased to some 1.15 million shares, compared with its 10day traded average. The stock fell after the shipping group announced
      255 words
    • 107 6 Tuesday, Sept 28 Singapore 9.00 am. 31st Asean Economic Ministers related meetings. Raffles City Convention Centre. 10.30 am. JIT Holdings' AGM. ♦10.45 am. Yongnam Holdings' IPO launch. Pan Pacific Hotel. Hongkong ♦4.15pm. The government releases external trade aggregate figures for August; quarterly index of industrial production and
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    • 513 6  -  comment CURRENCIES Dow and Nikkei may hold key; fate of mpiah and baht another factor larry wee IN line with other regional currencies, the Singapore dollar recovered against the US dollar yesterday, despite some red-ink showing for Asian stock markets that saw Singapore's
      513 words
    • 494 6 StodM Volume TMCInt5c 17,837.000 'Genting Int 15,772,000 Asia Food&Prop US$ 12,485,000 International Press Softcom 7,549,000 AstanMicro 5c 7,515,000 TanChonglnt50c 7,425,000 Golden Agri US10c. 6,778,000 IPC Corpn 5c 5,771,000 PCI 25c 5,170,000 NOL 5,052,000 Stocks DBS Grp 33,850,120 SIA 29,699,283 OCBC Foreign 15,751,217 UOB Foreign 15,591,906 NatElec 10c 15,526,122 SPH 14,256,208
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    • 25 6 To make money from the market you need the best ideas. Get some, by signing up with DBS investor Online at 323-3955. gj DBS BANK
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  • Page 7 Advertisements
    • 120 7 This announcement appears as a matter of record only H ULTRO I T E c/h n/6 l 0 g I e s I ULTRO TECHNOLOGIES LIMITED I (Incorporated in the Republic of Singapore) H (1) PROPOSED ACQUISITION OF ALL THE ISSUED AND PAID-UP SHARES I OF Ssl.oo EACH IN THE
      120 words
    • 574 7 FREE one-way upgrade to Business Class with ANA to Japan. i v.', i -1 i iy""! Join ANA MILEAGE CLUB now and enjoy this introductory privilege. MHBj Welcome to ANA Mileage Club As a member you'll enjoy AWARD MILEAGE REDUCTION CAMPAIGN V9RTV a Free one-way upgrade from Economy Class to
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  • SINGAPORE news
    • 614 8  -  It is set to launch a broadband channel on SingaporeONE By< Catherine Ong REGRETTING an over-ambi-tious ramp-up of its investment in Singapore, Indianowned UTV International, the first major foreign production house to set up here, has closed down its massive $7 million
      SIEW YAW HOONG  -  614 words
    • 264 8  -  Sing Tel to pump funds to enhance connection with Deutsche Telekom By 1 Teh Hooi Ling SINGAPORE Telecom will pump in another $20 million to enhance its broadband connection to Deutsche Telekom by the end of this year, in addition to the $42 million
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    • 491 8  -  Rates cat by 50 cents at some gantries; no reductions for CTE By i Christopher Tan THE Land Transport Authority (LTA) yesterday announced its latest round of adjustments to ERP (electronic road-pricing) rates, with cuts made to several new gantries introduced barely a month
      491 words
    • ON THE grapevine
      • 68 8 THE Malaysian market is rife with rumours that Prime Minister Mahathir Mohamad may promote former finance minister Tengku Razaleigh Hamzah to counter the powerful First Finance Minister Daim Zainuddin. Mr Daim is now seen to be wielding tremendous power in the restructuring of the corporate and banking
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      • 107 8 A WOULD-BE money launderer from the West African state of Sierra Leone picked the wrong victim when he asked the head of Dubai's police to open a bank account for him in return for millions of dollars. According to Reuters, the Gulf News newspaper reported yesterday that
        107 words
      • 79 8 AN Israeli fashion company, the Golf clothing firm, has found a new way to market its products. It hung 1,200 pairs of men's and women's pants on bus shelter posters around Israel's biggest cities. Underneath the actual pair is a photograph of an identical item and
        79 words
      • 80 8 A DEALER said despite the Taiwan stock market being closed last week as a result of the earthquake, his terminal at one point showed a "live" upward movement of the Taiwan stock index. When he rang to check with Bridge Information Systems, he was told it was a
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      • 102 8 THERE is a new and well-paid job going in the hotel industry, if what is happening in America is anything to go by. At the Ritz Carlton in Atlanta (home of Coca-Cola and Ted Turner), Michael D'Anthony is spearheading the post of "technology butler",
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      • 91 8 CORPORATE espionage has never been so easy. Want to eavesdrop on a conversation in the next meeting room? Take two mobile phones, and place one in an unobtrusive place in the conference room, switch it on and disable the audible ringing tone. Then whenever you want to
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      • 110 8 WHAT is real profit? According to "Mr Pacman of the Philippines" Eduardo Cojuangco, formerly known as "King Crony" of the late president Ferdinand Marcos and now chairman of cash-rich San Miguel Corp real profit is what you made through recurrent income. He dismissed profits from non-recurring items, saying
        110 words
    • 99 8  -  MAILBOX Yeo Joo Kheng Singapore via Internet I MUST first declare myself as a Singaporean and a nonClob investor. I would like to suggest an idea for both sides of the Clob impasse to consider. My suggested solution is to unlock the shares and
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    • 295 8  -  A S Khaled Brunei via Internet I NOTE with alarm ('KL now wants quick solution to Clob impasse', BT, Sept 24) that the newly-formed Securities Investors Association of Singapore (SIAS), which apparently represents only about 30 per cent of Clob shareholders, is going
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    • 168 8  -  Denis Distant Singapore via Internet I REFER to the letter "Scrap board lots to boost efficiency in share trading" from Alison Cousland (BT, Sept 22) and I support the idea of scrapping odd lots. As for the suggestion of having bank accounts strictly
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    • 127 8  -  Michael See Singapore via Internet THE heavy over-subscription of recent IPOs (initial public offers), besides being due to heavy stagging by retail punters, is also due to the small number of shares being offered to the public. Take the recent IPO by Asian Micro.
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    • 137 8  -  Philip Kwek Singapore via Internet LEE Han Shih's concern for bad property investment ("Property needs new CPF curbs too", BT, Sept 21) is well thought out; especially purchases of second or subsequent property. But shouldn't we leave such decisions to the individual
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    • 333 9  -  on the economy By\ Marissa Chew LOW interest rates and improved consumer sentiment will help sustain the recovery in Singapore's services sector next year, said Sassoon Securities in its latest economics report on countries in Asia. The company is forecasting a GDP growth
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    • 532 9  -  Two sets of figures show no persistent gape MMS and JP Morgan economists By, Audrey Tan IS there a growing discrepancy between Singapore's export and manufacturing performances? The answer, as with all statistical analysis, lies in which set of figures analysts use. One
      Source: JP Morgan; Source: MMS Int'l  -  532 words
    • 374 9  -  By\ Soh Tiang Keng ALTHOUGH Singapore is outside the earthquake zone, it should be ready and prepared to cope with the effects and shocks of earthquakes in neighbouring countries. This is the advice of an insurance industry expert on climatic change,
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    • 386 9  -  Study attributes this to highly competitive banking sector w Wong Wei Kong A BIG rise or fall in interbank interest rates may not have as much impact as many people think on fixed deposit rates and prime lending rates in
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  • FOCUS property
    • 290 10 2nd time Ch&mbery Mansions being pnt on the market [SINGAPOREJ Chambery Mansions, a new freehold apartment block located in the Sarkies Road area, will be put up for sale by auction this Thursday. This is the second time in about six months that
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    • 273 10  -  By. Andrea Tan [SINGAPORE) Mount Sophia Apartments, a freehold fourstorey block off Dhoby Ghaut, is going to the en bloc market. The 12,882 sq ft site has a plot ratio of 2.1, according to the Rochor Development Guide Plan. This
      273 words
    • 603 11  -  I=ll comment PROPERTY A low charge could trigger a flood of similar land conversions lee han shih BARRING snags, October will be a busy month for the property market. On the cards are three major events. The first is the listing of
      603 words
  • Page 10 Advertisements
    • 707 10 (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Stockholders of the Company will be held at The Westin Plaza, Indiana Room, 4th Floor, 2 Stamford Road, Singapore *****2 on Thursday, 14 October 1999 at 11.00 a.m.
      707 words
    • 184 10 LIM HOCK KIM BUILDING 29 OXFORD ROAD SINGAPORE *****2 TENURE Freehold (Lot 1584 TS 18) LAND AREA Approx. 1341 sq. m. or ***** sq. ft. BUILT IN AREA Approx. 2509 sq. m. PLOT RATIO 2.8 MRT Approx. 3 mins. to future Farrer Park MRT Station. TENDER PHANG CO. 7 Temasek
      184 words
    • 182 10 SERANGOON NORTH AVE 5 5 minutes away from CTE/SLE Near Housing Estate Available from 3,0005f onwards TOP Expected in October 1999 Good corporate image SOLE MARKETING AGENT f KNIGHT FRANK 228 7332/228 6897 g| PRIME INDUSTRIAL BUILDING FOR SALE BY TENDER Address 138 Joo Seng Road Singapore *****1 Description A
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  • Page 11 Advertisements
    • 145 11 I AMARA CORPORATE TOWER I Brand New 12-Storey Office Tower at 100 Tras Street Floor Area from 900 sq ft onwards. Approx. total lettable space of 50,000 sq Close proximity to Tanjong Pagar MRT Station, Taxi Stand anJ Bus Stop. J lose to Banks, Post Office, Shops and I Food
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    • 395 11 f- Busy E*eculive Lunch Ja« Sunday Brunch: '4MbK»^ Chicken Schnil/d. Purk Knuckles. Nuremberg Sausages. Hungarian Goulash. Apple Slrutlel and mure. Garlic BratwurM, free-flow beer and even more. Singapore's days of belt-tightening are over. ©j With prices like $14.50+++ for weekday lunch and $38+++ tefcj-"'\ f° r Sunday brunch (including free-flow
      395 words
    • 305 11 VENUS HOTEL 219 JOO CHIAT ROAD For Sale By Tender 4Va storey gazetted hotel Freehold Beautiful colonial architecture 82 executive rooms (about 233 sq ft each) Strategic location, near to Eunos MKT, Malay Village and entertainment night spots Minutes to Suntec City and Changi Airport Tender Closing. 3pm Wednesday 6th
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  • EDITORIAL & opinion
    • 843 12  -  riTT^ bottom line OPINION thomas friedman The writer is a New York Times columnist NYT LAST summer, I visited Chicago and stayed at a large chain hotel. In the morning, I went down to swim in the pool, and I put my room
      NYT  -  843 words
    • 95 12 'Howard is like a 19th century European standing on a beach and thinking he will have to watch out for the little, brown uncivilised neighbours that lie to the north.' -Satan Said Indonesian political analyst, on Australian Prime Minister John Howard's assertion that Australia was going to
      95 words
    • 682 12 EDITORIAL IT seems that Australia has not only taken on the role of protector of the fledgling Timorese nation, but signalled that it has wider political and military ambitions as well. Although Australian Prime Minister John Howard yesterday denied belatedly that Australia wanted to play the role
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    • 828 12  -  It appears that the advantages of par value may be more detrimental than favourable Byl Ho Yew Kee, Lan Luh Luh Dr Ho Yew Kee is an assistant professor in the Department of Finance and Accounting, National University of Singapore. He specialises
      FILE PHOTO  -  828 words
    • 922 12 Turning point for tb« ytof SO, the Japanese authorities have got what they wanted: a statement by world leaders that the rise in the yen is a cause for concern. The price for this was a promise to take more domestic policy steps to control the
      FILE PHOTO  -  922 words

  • MALAYSIA news
    • 664 13 BAMS MERGERS But Bank Negara says it is sticking to its Sept 30 deadline for the consolidation of financial institutions [KUALA LUMPUR] The deadline for a plan to slash the number of Malaysia's financial institutions through mergers is just three days
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    • 207 13 KUALA LUMPUR Bridge News MALAYSIA has not started direct discussions with Singapore on the proposed second bridge to replace the Causeway, said Johor Chief Minister Abdul Ghani Othman yesterday. According to official news agency Bernama, Mr Abdul Ghani said talks
      Bridge News  -  207 words
    • MARKET moves
      • 83 13 MALAYSIAN stocks perceived to have strong political connections topped the actives list yesterday, but closed lower mostly in line with the broader market. Continuing last week's falls were Maybank, which was most active with 9.5 million shares traded and fell 20 sen to RM11.70. Total volumes yesterday
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      • 47 13 DESPITE announcing plans to integrate its used-car business into its larger motor distribution network, Edaran Otomobil Nasional Berhad (EON) yesterday was among the day's top losers, with its share price dropping 40 sen to RM12.80, but on a thin volume of 21,000 shares.
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      • 47 13  -  Compiled by Diana Oon Abdullah TENAGA Nasional was also among the day's top actives, losing 10 sen to RMB.IO with 3.5 million shares traded. Dealers said there was some concern over the effect of foreign exchange losses on the company's cur-rent-year earnings.
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    • 494 13  -  SINGAPORE By Yen Sreenivasan KUALA Lumpur-listed Kuantan Flour Mills (KFM) is planning to reduce its debt by raising up to 18.6 million Malaysian ringgit (SsB.3 million) through a 2-for-5 rights-cum-warrants issue. RHB-Sakura Merchant Bank announced that the KL second board-listed company will issue some 9.58
      FILE PHOTO  -  494 words
    • 504 14  -  This despite fall in turnover; gain dne to better profit from construction activity From Diana Oon Abdullah in Kuala Lumpur UTILITIES and property conglomerate YTL Corporation yesterday announced net profit of 419.2 million Malaysian ringgit (*****.8 million) for the year ended June
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    • 206 14 KUALA LUMPUR Bernama BOUSTEAD Holdings Bhd recorded Malaysian ringgit 228.14 million (*****.2 million) in group pre-tax profit for the year ended June 30, 1999, up 39 per cent from RM163.56 million achieved in the same period last year. Boustead, which announced its results yesterday, attributed
      Bernama  -  206 words
    • 269 14 KUALA LUMPUR Sales of Honda cars fell every month bar March in first half Bloomberg MALAYSIA'S Oriental Holdings Bhd, which sells cars for Honda Motor Co of Japan, said first-half profit fell 34.4 per cent, as the company struggled to recover from last year's recession.
      Bloomberg; FILE PHOTO  -  269 words
    • 191 14 ■KUALA LUMPUR EPS down to 23.36 sen, from 75-31 sen previously Bernama INTRIA Bhd has incurred a group pre-tax loss of Malaysian ringgit 172.502 million (5177.3 million) for year ended June 30, 1999, a reduction of 69 per cent from a loss of RM555.4
      Bernama  -  191 words
    • MALAYSIA Briefs
      • 62 14 Reuters [KUALA LUMPUR] Malaysia's Suria Capital Holdings Bhd said it has signed a memorandum of understanding to sell all equity stake in wholly-owned Sabah Bank Bhd to Langkah Bahagia Sdn Bhd. Suria said in a recent statement that it planned to sell the
        Reuters  -  62 words
      • 81 14 Bernama [KUALA LUMPUR] Mulpha International Bhd chalked up a 4.89 million Malaysian ringgit (552.2 million) pre-tax profit for the half year ended June 30,1999, compared with a pre-tax loss of RM5.34 million in the corresponding period in 1998. Group turnover, however, decreased to RM296.39 million
        Bernama  -  81 words
      • 59 14 Bernama [KUALA LUMPUR] Golden Plus Holdings Bhd recorded 25 million Malaysian ringgit (5511.2 million) in group loss before tax for the six months ended June 30,1999, compared with a loss of RM26.39 million in the same period of last year. Group turnover declined 2.5
        Bernama  -  59 words
  • Page 13 Advertisements
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  • Page 14 Advertisements
    • 175 14 Invented for Conceived by Breguet in 1780, u A the automatic movement featured m l\ t an oscillating weight that M BregUet Watch has rewound the mainspring, m Today the craftsman's hand M Sibilityj it COITieS tO decorates the weight with fine m *****16 Abraham L( jPj will recognise it
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  • SOUTH-EAST asia
    • 635 15  -  L&H is 13th Thai company S'pore govt has invested in over the last 2 years From. Harish Mehta in Bangkok THE Government of Singapore Investment Corporation (GIC) has bought a 20 per cent stake in Thailand's biggest home-builder, Land Houses (L&H), for 1.3
      635 words
    • 241 15 JAKARTA AFP INDONESIA'S PT Telkommunikasi Indonesia (Telkom) has indicated its interest in a merger with satellite operator PT Indosat to survive competition, a report said yesterday. Telkom's operational director John Welly said the merger of the two sole telecommunications operators in Indonesia would
      AFP  -  241 words
    • 344 15 MANILA Revision of air pacts with several nations on the cards AFP PHILIPPINE aviation officials yesterday defended moves to protect Philippine Airlines (PAL) from stiff foreign competition while affirming commitment to "progressive liberalisation". Foreign Affairs Undersecretary Franklin Ebdalin, who is also a
      AFP; FILE PHOTO  -  344 words
    • 409 16 BANGKOK Bat analysts say decline too small to improve market sentiment Reuters THAI banks reduced their massive non-performing loans (NPLs) for the second consecutive month in July but the decline was too tiny to improve market sentiment, analysts said yesterday. The
      Reuters  -  409 words
    • 235 16 JAKARTA Approval comes just one month from end of term AFP INDONESIAN President BJ Habibie has approved replacements for at least six of his cabinet ministers who wiU resign to take up seats in the new legislature in Octo- ber, State Secretary Muladi said yesterday.
      AFP  -  235 words
    • 207 16 JAKARTA Nat'l car project was ran by Suharto's son, Tommy Reuters INDONESIA'S Parliament yesterday called on the government to save the assets of the controversial Timor national car project, which had been run by former president Suharto's youngest son, Hutomo "Tommy" Mandala Putra. At a
      Reuters; FILE PHOTO  -  207 words
  • Page 15 Advertisements
    • 159 15 Invented for you |k m A. Breguet watch has a unique responI m sibility; it comes to you carrying the name of Abraham-Louis Breguet, the 4 greatest watchmaker ever known. You will recognise it by the legendary I I "Breguet" hands, the shimmering I guilloche dial, and the finely fluted
      159 words
    • 3 15 Strait Talk SHIPPINGTIMES
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  • Page 16 Advertisements
    • 810 16 J. P. Morgan Co. Incorporated Parent company of Morgan Guaranty Trust Company of New York JPM Consolidated statement of income for 1998 JPM Consolidated balance sheet at December 31, 1998 (Condensed) (Condensed) IS In millions, mi Uu>ni Net interest revenue except share data Assets except share data Interest revenue $12
      810 words
    • 287 16 MESSf MUNCHEN INTERNATIONAL JBaan mmmu rrr i, i electron icAsia 99 October 12-15,1999 Hong Kong Convention and Exhibition Centre its special feature World of Technology. Hong October will again gathering place for electronics fair in Asia, that presents the range of electronics components, assemblies and production machinery in its entirety.
      287 words

  • EAST asia
    • 660 17  -  D9TO THE FUTURE From Quak Hiang Whai in Hongkong AS bad as Hongkong's economic problems may be, many believe the Chinese territory can regain its past lustre. Hongkongers have proven they can overcome even bigger challenges. To name a few: the monetary crisis which led to
      Source: Bloomberg  -  660 words
    • 506 17  -  Approval a boost for market structure reform, says govt From Quak Hiang Whai in Hongkong MARKING a mUestone in the history of Hongkong's securities industry, futures and stock brokers here yesterday voted in favour of a merger of their respective exchanges. After
      506 words
    • Article, Illustration
      44 17 [HONGKONG] Veteran Hongkong and Hollywood film star Jackie Chan picks up a bottle of his own wine during its promotional launch yesterday. Chan announced the launch of his two signature Reserve Release wines in Hongkong created by Australian wine maker, Lindemans. AFP
      AFP  -  44 words
    • 589 18  -  I :ij exclusive 100,000 punters seen to go on-line in next 2 years FromfA Meera Tharmaratnam in Hongkong PROFIT margins of Hongkong's traditional brokerages will come under pressure with the entry of more on-line share trading providers in the next 24 months,
      589 words
    • 471 18 BEIJING Public-ownership economy is country's economic basis Bloomberg AFP CHINA'S Communist Party has vowed to keep an iron grip on the economy, especially key sectors such as telecoms and the Internet, as it prepares to celebrate 50 years in power. "The public-ownership
      Bloomberg; AFP  -  471 words
    • 260 18 SHANGHAI AFP SOME of the biggest players in global information technology yesterday called for governments around the world to establish unified standards to prevent a cyberspace meltdown. Speaking at a special IT workshop kicking off the Fortune Global Forum in Shanghai, big-name
      AFP  -  260 words
    • 550 18  -  TAIWAN EARTHQUAKE From, Macabe Keliher in Taipei TAIWAN stocks fell almost 2.7 per cent yesterday but trading was the lightest in over three years although it was the first day of trading since last Tuesday's devastating earthquake. Bucking the trend were construction stocks
      REUTERS  -  550 words
    • SINO Briefs
      • 68 18 Reuters [HONGKONG] US-based ON Semiconductor, the world's largest standard semiconductor components supplier, said yesterday it had chosen Hongkong as its Asia-Pacific base and will soon set up its regional headquarters in the Science Park in Tai Po, the New Territories. ON Semiconductor is
        Reuters  -  68 words
      • 77 18 Reuters [HONGKONG] Chinese oil and natural gas company, CNOOC, has cut its staff by three-quarters to 1,500 as part of measures to maintain a competitive cost structure in the run-up to its proposed listing, the South China Morning Post said yesterday. CNOOC is expected
        Reuters  -  77 words
      • 97 18 Reuters [SHANGHAI] China will launch four major securities mutual funds, each with a value of three billion yuan (Ss6l4 million), the Shanghai Securities News reported yesterday. The Jinx in Fund, issued by Guotai Fund Management Co, would invest mainly in major state companies
        Reuters  -  97 words
      • 52 18 Reuters [HONGKONG] Hongkong leader Tung Chee-hwa is to announce a HK$235 billion (Sssl billion) road construction project for the next five years in his coming policy address, the Apple Daily said yesterday. The project includes an expressway linking Lantau island with Hongkong island and
        Reuters  -  52 words
  • Page 17 Advertisements
    • 345 17 XX v >slk \x >X. j A 4r JF.'m^''f£^* <& jaaH l mmSSL^ H^^iypr You don't have to understand technology to make money out of it. There's no getting away from technology. And Micropal awards too, and recently was named Fund it already accounts for 20% of the world's stock
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  • Page 18 Advertisements
    • 185 18 WMMmvm SPECIAL FEATURE OCTOBER 19, 1999 ion bp with VAMABIi SUES LEADS The shipping industry is steaming full speed ahead into the new millennium. Container volume and port calls are up and still increasing steadily. Against this exciting backdrop, The sth Pan-Asian Container Shipping, Ports and n Transport Event will
      185 words
    • 87 18 REGIONAL Marketing Intelligence construction food• telecommunications energy process industries packaging supermarkets chemicals engineering manufacturing transport eSMCRK INFORMATION Daily business intelligence in English from local language sources! Highly relevant business news delivered when it happens. You customise your own reports, just as you need them. Past and easy to use application
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    • 9 18 HOCK LOCK SIEW Takes you behind the news TheßusinessTimfs
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  • SOUTH asia
    • 262 19 BOMBAY Reuters INDIAN bankers have asked the Reserve Bank of India (RBI) to find some way of easing monetary conditions in its half-year credit policy statement expected late next month, banking sources said yesterday. A cut in banks' cash reserve ratio (CRR), currently 10
      Reuters  -  262 words
    • 523 19 BOMBAY Short supply of fnnds jacks np interest rates for deals in secondary market Reuters INDIA'S slowly reviving primary issues market dominated by software issues, has hooked investors and caused a hiccup in funds flow to other lucrative segments of the equity markets,
      Reuters  -  523 words
    • 682 19 COLOMBO Reuters SRI Lanka is banking on a conference of fund managers in Colombo next week to change negative perceptions and bring back foreign investment into its beleaguered stock market. The Colombo stock market has relied on foreign funds for most of
      Reuters  -  682 words
  • Page 19 Advertisements
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  • SPORTS:RYDER CUP
    • 1118 20  -  By] Dave Anderson NYT [BROOKLINE, Massachusetts] JUSTIN Leonard's putt crawled up, up and across the ledge on the 17th green and dived into the hole like a field mouse. As Leonard struggled during the week, Ben Crenshaw, the American captain, kept promising: "Justin's going
      NYT; REUTERS. AFP; REUTERS  -  1,118 words
  • Page 20 Advertisements
    • 126 20 BRAVO Spain ,*Wi? i i s; I Wmtt .hi! f m3m iji fl it Ji I v %JSs, i v l "I 1 lii i ,-«4 1 i i I 111jfc I j a it '-'■■■■jM >111 1 ill: i vttastS i MplS t MM I -A -^w WWW Science
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  • Page 21 Advertisements
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  • WORLD news
    • 726 22  -  FDI to Malaysia, Thailand also likely to drop, but S'pore might do better From D Ravi Kanth in Geneva CHINA will suffer a steep drop in foreign direct investment (FDI) flows this year, the United Nations World Investment Report warned
      726 words
    • 460 22 BOURNEMOUTH, England Goal achievable in 21st century with lid on inflation, debt Reuters FINANCE Minister Gordon Brown said yesterday that full employment in Britain was a goal within reach in the 21st century if inflation and public debt were kept under iron control. "The
      Reuters; REUTERS  -  460 words
    • 394 22 WASHINGTON Reuters PRESIDENT Bill Clinton said yesterday American taxpayers will produce the largest budget surplus in history this year US$ll5 billion (*****.8 billion) and urged Republicans to work with him on deciding what to do with the money. The surplus for the
      Reuters  -  394 words
    • 497 22 MfATWEST TAKEOVER BATTLE Talk is rife that Royal Bank could tramp Bank of Scotland's £21b bid AFP, Reuters [LONDON] British bank shares surged yesterday as another potential bidder signalled its interest in National Westminster Bank, which on Friday found itself
      AFP,; Reuters  -  497 words
    • WORLD Watch
      • 89 22 Dow Jones [WASHINGTON] Goldman Sachs Group analyst Abby Joseph Cohen (right) on Sunday said US stocks were "modestly undervalued" and repeated her forecast that the S&P 500 Index would rise to 1,385 by year-end and to 1,450 by the summer of 2000. Speaking at a
        Dow Jones  -  89 words
      • 80 22 AFP [TOKYO] Japan's Mitsubishi Heavy Industries Ltd warned yesterday it was facing a heavy 52 billion yen (SsB49 million) group net loss this year, largely due to losses in its overseas plant business. The country's top shipbuilder and defence contractor said it planned
        AFP  -  80 words
      • 89 22 Reuters [TOKYO] Toyota Motor Corp will be taking a long-term view with its new ova-seas stock listing on Wednesday, as the move is likely to hurt its share price before the firm reaps the benefits of greater financial rigour. Toyota, Japan's third largest
        Reuters  -  89 words
      • 53 22 Bridge News [WASHINGTON] Federal Reserve governor Laurence Meyer, in a speech delivered to a large group of international bankers for the IMF/World Bank annual meetings, yesterday warned US bankers to tighten their lending standards and said the Fed is watching financial markets for signs of
        Bridge News  -  53 words
      • 102 22 Bloomberg [LONDON] Glaxo Wellcome Pic, the top maker of AIDS and asthma drugs, said it hopes to unveil a "strategic plan" within weeks, though it declined to comment on reports of up to 4,ooojobs being cut to help it save as much as £400 million
        Bloomberg  -  102 words
      • 61 22 Bloomberg [BETHESDA, Maryland] Lockheed Martin Crap, the world's No 1 defence contractor, will double its planned asset sale to US$2 billion (553.4 billion) to reverse slumping profit according to people familiar with the plan. Details of the sale, to be announced later, will include Lockheed's
        Bloomberg  -  61 words
    • 660 23 Gold price soars over 6% biggest gain in 15 years LONDON Price rise due to pledge by 15 European central banks to limit gold sales, lending of their reserves for 5 years Bloomberg GOLD soared ftiore than 6 per cent, its biggest gain in almost 15 years, after a group
      Bloomberg; Source: Bloomberg  -  660 words
    • 571 23  -  0-7/ IMF MEETINGS It denies its strategy created yen scarcity, stifled liquidity From, Anthony Rowley in Washington THE Bank of Japan (BOJ) has gone on the offensive to counter allegations from the US and elsewhere that its overly restrictive monetary policies have forced the
      571 words
    • 507 23 WASHINGTON They are also easing the conditions for providing help Bloomberg THE seven richest nations are on the verge of agreeing to a plan that could wipe out more than US$4O billion (5568.4 billion) in debt held by poor countries,
      Bloomberg; REUTERS  -  507 words
    • 323 23 WASHINGTON AFP JAPANESE Finance Minister Kiichi Miyazawa on Sunday lauded Malaysia's use of capital controls to counter speculators, saying the policy had been a success. "The recent case of Malaysia, where the government successfully defended its currency against speculative attack without the
      AFP  -  323 words
    • 332 23 WASHINGTON NPLs one reason for Thailand to remain cautions although level expected to fall Reuters THE head of Thailand's central bank said on Sunday prospects appeared to be brightening for his country's economy but he remained cautious about growth in Asia
      Reuters  -  332 words
    • 412 23 MUNICH Merger will create Europe's No 3 power firm, with energy sales of 14b euros Bloomberg VEBA AG, Germany's biggest utility, offered 13.2 billion euros (5523.7 billion) in stock to buy rival Viag AG and create Europe's third biggest electricity company,
      Bloomberg  -  412 words
  • Page 22 Advertisements
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    • 151 22 m I I I The Enterprise-wide, Financial Management Solution to get you there faster! Get a head start on 5 October/ Come to our Solomon IV 4.0 "Power of One" Road Show '99 to see the power of a winning formula for dynamic small and medium-size enterprises. Solomon TV 4.0
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    • 107 22 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including •British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa i Full nomitaee, management, corporate secretarial and professionaTadministration services are'available We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For further
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  • Page 23 Advertisements
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  • FINANCE & commodities
    • 287 24  -  SlhiriJi Reports BSSCX Singapore faHw Daphne Tay, Jardine Fleming AFTER a positive opening, the Singapore stock market finished lower yesterday in the absence of trading leads and in line with most regional markets. The strong industrial production figures for August, which showed an 18.4
      287 words
    • 206 24  -  MSCI Taiwan tatnres Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures plunged yesterday after the island suffered from one of the most serious earthquakes in its history last Tuesday. The September contract opened at its first downside limit of 316.2 points
      206 words
    • 214 24 ENERGY REPORT Reuters [LONDON] World oU markets held firm yesterday after sweeping to new highs last week when Opec voted to leave export restrictions in place. London Brent futures for November traded two cents higher on the day at U5523.93 a barrel after peaking at
      Reuters  -  214 words
    • 329 24 Reuters, AFP London THE yen gave up ground to the US dollar yesterday, falling to its lowest in nearly a week as uncertainty over what measures Japan might take next on its currency and economy kept the market on tenterhooks. A statement from the Group of Seven authorities
      Reuters,; AFP  -  329 words
    • Article, Illustration
      1192 24 DITBRBAlfK CROSS RATES 7 M tt far* FTr Pw Htt Y» Wm Ml «a*fcfc N» SS 8— Sfr Wt 8>K Hmt W8 Awtr*. 0.961 6.178 0427 4JM 1226 5.083 0.681 7923 ZJK1 1.263 33.892 26.635 IB4 1921 LOW 20.812 26.697 0298 0654 nm ;?2 HS aW 1242 LM7 UM *JS5
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    • 1755 24 jjjOOW FUTUKBS Sep 27 RUMCI (Mwts closing 0 at 5JOpn) RSS1 CONTRACTS cwb/kq) CIom VofeMN OpOll MoatH Wfti La* lag (tan—«) Irtarwt Oct 99 96.00 98.00 98.00 2025 200 Nov 99 99.50 99JO 100.00 25 325 DOC 99 103.00 1200 Jan/Mar 00 107.75 300 Apr/Jut 00 m.75 J»l/Sop 00 114.75
      1,755 words

  • STOCKS east asia
    • 2771 25 HONGKONG AFP Q Hang Seng -27L61 HONGKONG share prices fell 2.1 per cent to below the psychological 13,000-point level yesterday on lingering concerns over a US interest rate increase and the strength of the Japanese yen, dealers said. "The concerns are about the
      AFP  -  2,771 words
    • 565 25 TAIPEI AFP Qw? Index -***** TAIWAN share prices closed 2.7 per cent lower yesterday, the first trading day after the island was hit by a devastating earthquake last week, dealers said. The Taiwan Stock Exchange Weighted Price Index plunged 212.21 points to 7,759.93, compared to a
      AFP  -  565 words
    • Article, Illustration
      1011 25 AFP, Reuters CI Shenzhen Binder -OJH SHENZHEN'S B shares gave up morning gains to end lower yesterday, reflecting heightening pessimism over most B share companies' earnings prospects and the absence of concrete market-boosting policies. The B Share Index slid 0.94 point, or 1.06 per cent, to 88.24 on turnover
      AFP,; Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,011 words
    • 2093 25 TOKYO AFP QNikka22s -5&87 TOKYO share prices slipped 0.3 per cent yesterday as investors winced at the yen's rebound aganst the US dollar in fear Tokyo will not take new steps to weaken its currency. At a weekend meeting, finance ministers and central bank governors
      AFP  -  2,093 words
  • Page 25 Advertisements
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  • STOCKS klse
    • 8083 26 INDUSTRIALS Consumer products 1999 Vol Day Net Cap High Low Company Soto OOO High Low P/E Jmli 440 255 Ajinomoto 310 unch 1 310 310 19 7 125 6 174 46 Anqhasa 94 -3 40 95 94 136 6 404 220 Apollo Food Hiq 324 -4 7 326 324 11.3
      8,083 words
    • 425 26 Reuters, AFP CI Composite Index -14.70 MALAYSIAN share prices closed 2.1 per cent lower yesterday in the absence of domestic leads and amid weakness in regional markets, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 14.70 points to 679.52. The Second Board
      Reuters,; AFP  -  425 words
  • Page 26 Advertisements

  • 3065 27 TURNOVER COOO) VALUt COOO) sfi 121 s± a—12a MNMM 23,494 U4N 35,422 15,422 U4nuf*cturg UJ21 35,535 50M* H«t 22,4*2 m.293 CWMMTC* 12.934 2,133 15,247 14,787 1,420 *207 Tpt/1 tor/Com T7M7 1,014 14.411 52.952 SM 53^70 nmnct is,m 15.195 107,4*9 wtMt Construction 5,412 4,4*1 10,091 3.M3 US3 5J94 "WflrtUt
    3,065 words
  • REGIONAL stocks
    • Article, Illustration
      868 27 AFP El SET Index +OJ3 THAI shares closed marginally higher yesterday with support from late bargain-hunting in banks, finances and property helping boost the index, dealers said. The benchmark Stock Exchange of Thailand (SET) Index closed up 0.13 point, or 0.03 per cent, at 382.14. The select SET 50
      AFP  -  868 words
    • 275 27 AFP □luh -13J7 PHILIPPINE shares closed 0.6 per cent lower yesterday, dealers said. The Philippine Stock Exchange Composite Index ended 13.07 points down at 2,057.04 on 2.5 billion shares worth 3.8 billion pesos.—AFP *mv tm *t- mm Abacus Construction __2.04 -0.06 7 Abortil Equity 2.30 unch 1144 ABS CBN
      AFP  -  275 words
    • 292 27 AFP Q Composite Index -37.78 THE Korea Stock Exchange Index closed down 37.78 points at 903.78. Volume was 217.1 million shares worth 3 trillion won. AFP jgg ttimSml ***** TOO Brain Tedi 1970 -45 Central Bank 2745 -90 CIM* Comm ***** -2000 DM Go Bank 4450 -230 Poosang Corp
      AFP  -  292 words
    • Article, Illustration
      758 27 AFP Q Composite Indei -147 INDONESIAN share prices fell 0.5 per cent yesterday as foreigners sold on a lack of fresh leads and uncertainty over the country's political outlook, dealers said. A dealer with a regional brokerage said foreign investors were selling, which in turn fuelled negative sentiment among
      AFP  -  758 words
    • 583 27 AFP All Ordinaries +17.7 THE best performance in a decade by gold stocks and a stronger banking sector pushed Australian shares up 0.6 per cent yesterday, dealers said. The benchmark All Ordinaries Index added 17.7 points to close at 2,911.1. The All Industrials Index gained 25.4 points to 4,994.5
      AFP  -  583 words
    • 300 27 AFP Q Wellington -27,57 NEW Zealand shares dived 1.3 per cent yesterday and the NZSE-40 Capital Index threatened to drop below the psychological 2,000 barrier. The index closed 27.57 points lower at 2,022.53 on NZ$64 million traded. The mood was set by Wall Street on Friday where the Dow
      AFP  -  300 words
  • Page 27 Advertisements
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  • EXEC lifestyle
    • 469 29 PEOPLE No one really understood him, says biographer AFP [WASHINGTON] Ronald Reagan the icon who almost single-handedly rebuilt the American conservative movement and helped topple the Soviet Union as "one of the strangest men who has ever lived", his official biographer says. "He was truly
      AFP; FILE PHOTO  -  469 words
  • Page 29 Advertisements
  • Page 29 Miscellaneous
    • 915 29 CRYPTIC CROSSWORD 9 A nincompoop in the soup? 10 Frank gets on without exer--11 Black market at odds with socleaner (6) 14 Plant for a man in distress (8) j^B 15 Mild as can be so dreary (6) 22 Fashion design with a name 23 An individual who tries and
      915 words

  • KNOWLEDGE economy
    • Article, Illustration
      992 30  -  But accounting convention does not welcome the inclusion of employees on the balance sheet By. Paul Thompson The writer is a visiting lecturer in the Department of Accountancy at Ngee Ann Polytechnic. He contributed this article to BT [SINGAPORE] IT'S often said that the successful, high growth
      992 words
    • 716 30 ATTBBBAS Protecting tuteUectaal property rights is generally based on a self-policing system FOUR categories of intellectual property rights (IPRs) are important to a knowledge-based economy patents, copyrights, tradeI marks and confidential information. Let's take a look at how businesses learn to identify ideas and information
      716 words
  • Page 30 Advertisements
    • 113 30 QOTAQPESTION OR COMMENT? Please e-mail ebttsmess@sg.orade.com BT win respond to the e-mail Oracle the world's second largest software company is... No. 1 on the Internet HH no. i in database w Microsoft 5% Database Use/Top Web Sites* RDBMS Market Share** The world's most successful companies rely on Oracle for e-business.
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    • 1 30 HORACLg
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  • SHIPPING TIMES
    • 132 31 Bridge News, Reuters LATE trade for the freight market remained sluggish with very little fixed. There are still several grain cargoes to be moved from the Continent to the Persian Gulf with charterers said to be bidding tonnage at a firm US$ll,OOO daily. TANKER& With several Aframax shipments
      Bridge News,; Reuters  -  132 words
    • 249 31 w SgZT W CWTOMrtbutton t17 -0.02 20 OMR Hup 1J0 "0.07 198 Cosco Invattmant 1.16 0.03 100 FraigMLMl OJO -0.02 608 G8HoMnga OM -003 17 Hal Sun Hup 0.65 -QX3 269 IMCHoMlngt-MK 5 AO uneh 0 Jay* Holdings 0.91 -0.03 92 Jwm Shipyard. 7.70 -0X5 231 KappoiCorp 4.94
      249 words
    • 424 31  -  Lack of govt resources, politics hinder capture of pirates: piracy watchdog By: Marcus Hand [SINGAPORE] In the global fight against piracy, catching the pirates and bringing them to justice remains the main problem, according to piracy watchdog the International Maritime Bureau (1MB).
      424 words
    • 353 31 AFP [OKUMA, Japan] A Britishflagged vessel carrying recycled nuclear fuel entered a Japanese port yesterday under heavy protection from coast guards warding off Greenpeace protpsters. Surrounded by more than 30 coast guard ships, the 4,648-tonne Pacific Teal docked at
      AFP  -  353 words
    • 193 31 [SINGAPORE] The operations of Neptune Orient Lines (NOL) container division APL in Taiwan have been largely unaffected by the earthquake, and all facilities are operating according to normal schedule. "APL operations have returned to normal schedule, including ports, terminals, warehouses and offices," APL said
      193 words
    • 281 31 Acquisition makes Frontline one of the world's biggest tanker groups Reuters [STOCKHOLM] A two-year battle for Swedish tanker company ICB Shipping ended in victory for Norway's Frontline but only after four of 12 ICB tankers are sold to a new group set up by key ICB
      Reuters  -  281 words
    • FOCUS reefers
      • 911 32 For carriers to stabilise rates, they will have to set minimum levels, which is hard with a new contract secrecy law Journal of Commerce Staff I LOS ANGELES] THE cost of shipping fresh fruit and vegetables to Asia has dropped to levels that United States
        Journal of Commerce Staff  -  911 words
    • 196 32 PACE Djtk Lloyd ACL 6 Dongnama AHL 3 ECU Lint Accord 8 ECI Appenship 5 Austral 8 Balaji Shfxj 5 G Lrtl BSA 7 B'tang Mas 8 CCM 7 H CMA 8 Hyundai COSCO 5 Interasia CSAV 3 IRISL Central Ex 6 Jayakusuma CtoT 5 JessHton China
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    • 20136 39 THEBUSINESSTIMES EXPORT PdQG 9 E7A Advert s r v el Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Name Name Number Number SIN Destn Name Name Number Number T« ARiniiMfARh snm B/, OT/n NGPL cmengtu vsisa u-ottioo To ABIDJAN (ABJ) 2003 Cote D Ivoire is/b n/ti
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    • SHIPS IN PORT
      • 680 43 Ho B#fth Arrival Departure iTSSST L™ Jm M 27finf7H 27/09/2200 SocvES 2SL 27/09/8:15 27/WAtOO BTrh T 2?io? 27/09/8:20 27/09/17 00 SZ SB A»««4 SS» J02 IMS/Jkk 27/OM800 *n*2ttl401 NMR09W n°6 27/09/12:50 27/OT/2000 BMfcSi J2 S252 9 3* 27/09/13 00 27/09/23 59 PrrttvFtour 52?? "SS 27/09/13:10 27/09/20:00 Sttlv Z
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      • 1579 43 RECEIVING Of EXPORT Fa CONTAINERS AND LCL CARGO Booking/Wane# Rstls V °V No Etb/Btr Period From To From WWA* cos» nn M 24/7900 U 26/7700 27/0*59 2'. 0900 a amo 27/otst n/woo J "/woo 27/1159 wwoo «»JMf 755 "/23tt> i 26/1500 MSI 2Um 2* 26/1700 IT/MM 27/0*00 21
        1,579 words
      • 162 43 Sep 28 Taiwan: Confucius Birthday. Oct 1 China: National Day. Hong Kong: National Day. Oct 2 China: National Day Holiday. Hong Kong: National Day. Oct 10 Taiwan: Double Tenth National Day. Oot 11 Canada: Thanksgiving Day. Japan: Sports Day Holiday. United States: Columbus Day. Oot 12 Mexico: Columbus
        162 words
      • 739 43 THIS report, compiled by Cockett Ma nine Oil Ltd, shows price ranges In US dollars instead of single prices for a more comprehensive description of the market. Prices shown are baaed on averagesized stem. Market movements are Indicated. The Cockett Bunker Price Index change and the
        739 words
      • 241 43 ssij az rjSta m i i v "s 3»bm *7.0 0.4 13J 0.06 32 0.02 M*r» %«/>■ M/M m. JZZ G W3 i 7 0.06 WCtawcUrttj Spk E25 991 L0 15.0 0.10 «0* OW uSAwi 1*TkZ »t»« wi io w.o o.i5 ao* o w So IT,
        241 words
    • AIR & LAND transport
      • 386 44 Goods and services tax, to be introduced from July 1,2000, will push np domestic airfares by 7.5% AFP [SYDNEY] Australia's two major airlines said yesterday their domestic airfares wiil rise by an average 7.5 per cent from July 1, 2000, as
        AFP  -  386 words
      • 299 44 Bloomberg [HONGKONG] Cathay Pacific Airways, Hongkong's only long-haul airline, filled more seats in July compared with the same month last year as recovering Asian economies prompted more people to travel. The airline's load factor the percentage of seats available that are filled by paying
        Bloomberg  -  299 words
      • 349 44 AFX-Asia [KUALA LUMPUR] Malaysian car makers and assemblers will see earnings fall by an average of 20-30 per cent over the next few months if the yen maintains its current levels against the US dollar, analysts said. Given these companies' heavy dependence
        AFX-Asia; FILE PHOTO  -  349 words
      • 262 44 Aussie carrier's Business Class named world's best Bernama [MELBOURNE] Ansett Australia is unlikely to resume services to Malaysia in the near future although its international euro will deliver a profit this year. Ansett suspended services to Malaysia, Korea and Indonesia when passenger traffic
        Bernama  -  262 words
      • 242 44 Inquiry roles out stormy weather, human error or use of mobile phones AFP [BANGKOK] A mechanical fault caused the Thai Airways crash that killed 101 people in December last year, a report said yesterday. An investigative committee ruled that the engine
        AFP; FILE PHOTO  -  242 words
      • 202 44 Reuters [LONDON] British Airways pic on Sunday said the Boeing 717 and the Airbus A3lB were the frontrunners to win a order to revamp BA's shorthaul aircraft fleet, but declined to comment on a newspaper report that the airline was set to order Boeing
        Reuters  -  202 words
      • 1617 44 OT* njftff CT* fUCHT rre 8*7306 1815 S***** 2350 MMMi 8*7381 mo 8*7382 2055 0f6 1815 LH6373 2355 0f81 1930 Of82 2055 $026 2355 **8229 2230 Wito ***** 830 MHO QMS *232 '■"l*"" S0803 1905 C2354 0910 1 iWB C2351 2045 S0804 1020 n™ *22 £2
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  • Page 31 Advertisements
    • 616 31 Emery Worldwide has appointed Michael Goh (right) as its express manager for Asia Pacific, taking charge of its express delivery services including the recently expanded "Gold Priority Express" service. His 15-year experience in the express delivery f business includes stints as managing director of South-east Asia for Federal Express Singapore,
      616 words
    • 8 31 Aussie domestic ft fans to rise Back page
      8 words

  • Page 32 Advertisements
    • 739 32 I "W—l i SUPER SHUTTLE EXPRESS |GULF KARACHI EXPRESS (GKX) WT I Wl mm WMil I VOT IMM I lAH I RWT IJU|MO I CM IMIANG PSST" OOQCHHU J4WS34 10/09 27/09 20/09 OOQWITAM 27W537 IS/09 03/10 05/10 MO NBUOYD MIIOOURNI M OMT OMT OMT OMT 13/01 OMT OMT 01/10 OOQWWIta
      739 words
    • 639 32 services represented ffnSnV Memb rs o» Registry of Members o» the Wj) Accredited Shipping Agents. Singapore Freight Forwarders Sfcore National Shipping Assoc. Assoaahon Q ULY UNE MALE VESSEL VOY nA flu eta P. KLANG SPORE WALE Empress Lily V 0599 07/10 08/10 17/10 Princess Lily V 0999 27/10 28/10 07/11
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  • Page 33 Advertisements
    • 1105 33 I SAX SERVICE (DIRECT) VPSa VOY SWtU LAX OAK Ml HOU 00 CM. j MBR |AH I WT( <WSHNB 0141 29/09 14/10 19/10 19/10 19/10 19/10 19/10 20/10 20/10 21/10 miwouos mm 00/io 21/10 26/10 20/10 20/10 26/10 26/10 20/10 27/10 27/10 <rt SARDONYX Oia 13/10 2S/10 02/11 02/11 02/11
      1,105 words
    • 2433 33 OHANJIN SHIPPING Ik Pi 4. Ms L* -SNb 77J0730 HAMJM SHIPPING (S) PTI LTD kmm <■» MOB* ********** SAtfi *****14 731 DOCUMfIn 737CT71 774 OfHUHOWS 23W2SHSI MM UK 77J7055 FAX TTTtHO 3 *>: *****t*****H TO NW USA CANADA USA CANADA' "wWTwr m sm übhau/vot I—HaH Tiw IwITO I M w
      2,433 words

  • Page 34 Advertisements
    • 1533 34 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANCANADA «taa wy aw LfH btw mw ham mv m vtssti voy sw gh tn ro hj wm HMUM VALENCIA MMW MM 1710 lilt 1110 71 10 2211 23 II WASHINGTON SBUTOH DM2W MM 171* 1111 21 II 2311 Mil HANJMOAUAN 002IW till 22 11
      1,533 words
    • 1007 34 Am MAC-WELS S'PtlftE M'SIA Carrier: MN COHTB LINES, IMC p. guoanq: fO7) *****20 I ~JVy J OR NO* IMMS7BOOOOE SIBU: (084) *****9 MAMUL (832) *****24 PENANG: (04) *****36 BANGKOK; (662) *****57 SURABAYA: (31)*****11 P. KELANG: (03) *****77 JKT: (21) *****45 KUCHXQ (062) *****1-3 DIRECT CONSOL TO:- NEW YORK VALPARAISO MANZANIUO
      1,007 words
    • 557 34 EXPRESS CONTAINER FEEDER FOR r N.SHEVA/ COLOMBO Vewel S PORE N SHEVA COLOMBO PKLANG TARPON SILVER V.194W 27 SEP <5 OCT 12 OCT 17 OCT CAPE CANAVERAL V.112W 04 OCT 12 OCT 19 OCT 24 OCT TULSIDAS V.115 11 OCT 19 OCT 26 OCT 31 OCT TARPON SILVER V 195W
      557 words

  • Page 35 Advertisements
    • 1723 35 VESSEL VOY KHH HKG SIN PKO PQfl PXB DMM IBA BIK IRAN BAABAEI PCL-5121 22/09 24/09 28/09 29/09 08/10 09/10 10/10 12/10 14/10 IRAN TAKHTI PCL-5122 29/09 01/10 05/10 06/10 15/10 16/10 17/10 19/10 21/10 IRAN TABATABAEI PCL-5123 06/10 08/10 12/10 13/10 22/10 23/10 24/10 26/10 28/10 IRAN SATTARI PCL-5124
      1,723 words
    • 1051 35 Sailing to Um lUiHdg 1 Djibouti (Via Doboi) J I GHKIM A6«Tfc 80 ROIINSON RD TIL2J6IWO FAX: ***** M OUTWARD (l/L) 420SM2™ 7. E ITD #,2 SAHS/IKGS *****57/60 INWAIIDKPTID/OI *****«5 COSTAR AGENCIES (M) SDN BHD COWVHmONAI—^42OSOSO/55_T/SjjPj>TDtPT_ *****25 TIL 02-07-35 ***** FAX: 02-07-35M170 S*"' (in m m m ONI iw SNA
      1,051 words
    • 847 35 tmCTtIXWtSSSHWg EXPORT IMPORT Sr ■&j«a m, <2t LSL IJLIA SSB- :8!!:KW! -M HJMAUA 05SW If/ioIOS/ll'o7/11 00/11 Iw/ll 116/11 1 11/11 HJ WASHINGTON 024E 23 09 "7i 09 26 09 "'l7 10 ACgPTIB CAMOtS TO t IKH I) MHKM. KMatiAVBL MOKOIH IT KTHtiMMC VIA NAM J) AMTMM MA till TRANSPACIFIC SERVICE
      847 words

  • Page 36 Advertisements
    • 1404 36 EUROPEAJK^CAWWWAVWFtWLAWDyWUSStA SGP ROM ANW HBG THP ZEE LHV IHV THP RDM ANW H6G PKL SGP I. DEVELOP RW-008 03/10 21/10 27/10 23/10 2S/10 20/10 27/10 E REWARD RE-035 09/09 11/n 10/00 12/00 14/00 03/10 04/10 E GOLDEN RW-008 10/10 31/10 05/11 02/11 04/11 I REFINE RE-022 IMS 10/00 17*0 19/09
      1,404 words
    • 890 36 nrF mmmi cotrnyiaw lines (pte) ltd %M» —m mi nsmmoaclpi iwmmAmarketing:42l3l2l-2* m*mm mmnm cm mo tmmoooot >*ssa w K «®L vot w I jkt KOIA RAINA |R»J/ICHI Wjj MT* MMWliri nTO 28/9 lu, 1/10 Fn S«SAMUT[BMT] X&i? If* m* i jg 036 29/9 Wad 2/10 Sot Kin n,7 M AIL
      890 words
    • 437 36 IMjltii'MUfltt St TEL OK BLANGAH ROM) *02-02 CTTIPOffT CENTRE STORE MH2I TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR WO. **********0W VESSEL VOY ETA ETB DESTINATION •lA6UKWA34W 02/1099 WtW PALENBAN&PKL BALM* ILMAMUI 1199 12/1 MS D2IM9 PONTIANAX HMAMA 08,99 *****99 *****9 MALAYSIAN PORTVSUMATTUUMW PORTS For enqairies and bookings
      437 words

  • Page 37 Advertisements
    • 490 37 BSA a. MHf* MYANMA fSBBk FIVE STAR LINE (Myainor National Um) Loading for Yangon (Rangoon) VESSEL VOY SIN PKL PEN PGU KING TUNG 4W SU) SAGAING 61W SU MALAYSIA AGENTS: OOUSTEAD SHIPPING AGENCIES KUL TEL (03)*****00 PKL TH (03)*****01 PEN: m (04)*****02 PGU: TU (07) *****21/4 BANK LINE (A service
      490 words
    • 1251 37 HYUNDAI MERCHANT MARINE CO., LTD. IVBSR VOT |SW i SOU lUM KIM IHT I WMII MtV IW. I |VB» VOT SOU B If ANT NAM TV fa Tm HY FEDERAL nm 28/09 13/10 14/10 14/10 19/10 HAAS S3I( 10/09 11/09 05/ M 07/»» 29/01 TMMB SS7W 30/09 11/10 23/10 20/10
      1,251 words
    • 1060 37 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA ''CAR RORO HEAVYUFT SERVICE* |VK«I VOY ItAMP HEIGHT SIN |UX CRL MU SAY |Ml OCf NYC KW MM JAMPA ANO7 400k« 6.3 M 1W 09/11 li/ii ji/ii WFT 257TT267TT"H7TT W7TT •57TT" TALAOOT AMOS 4001 ms 6.3 M 31/10 24/11 04/12 07/12 09/12 11/12
      1,060 words

  • Page 38 Advertisements
    • 754 38 BAMQKOK/ MAP TA PHUT/ LAEM CHABAHO] JAKARTA/PAN J ANO VESSEL VOY SIN BKK MTP LCH VESSEL VOY §fis JKT PJN ANAN BHUM AA 132N In Pt 02/10 LIAOHE* 010 In Pt 02/10 LILA BHUM 124N In Pt 01/10 Ql/1Q BANI BHUM 126S 29/09 03/10 NANTA BHUM" 465N 29/09 02/10 03/10
      754 words
    • 368 38 I INDONESIA NATIONAL LINE TO AUSTRALIA *H RJU- CONTAINER SERVICE tt |wt| fit *1 I STP IMB 1 m I ia"|w a »/w w/it 10/u n/n »/n MWMW as tyii is/ii i;/i> h/i> n/n 4* MOW m 11/W 11/H 14/14 14/10 iwwa |it» u/ioj |»/h|ii/i>[«/ii| |h/ii FEEDER SERVICE TO INDONESIA
      368 words
    • 644 38 R yg Y 9N P*Q- JED MLA L&l RTM HAM ZEE SOT SAUDI JEDOAH HSSN 3QKB 01/10 OyiO IVIO 2CVIO 22/10 24/10 2^lo L SAUO JUBAI. H33M OWO QSMO IVIQ iyiQ 25/10 Xno ZBHO OnO STIO vm£D-ORiON V33W iyio 18/10 and mm oim gam o9nT~ VW-LE D 6 fuWMOSA V3QN
      644 words

  • Page 39 Advertisements
    • 53 39 FAR EAST kyowa line Direct Breakbulk/Container/LCL CUnUrC Service to Manila/Guam/Siapan FULL CONTAINER Agents: V-Grow Shipping Pte Ltd I See Page 7 Daily EXPRESS SERVICE Asia Oceanic Turn To Pg 5 Container Line Weekly Service to Belawan/Sin/P. Klang Twice-Weekly service to China China Shipping (S) Agencies Pte Ltd Turn to Pg
      53 words


  • Page 41 Advertisements
    • 52 41 STm£^Dial74o-6000 Oil dEIDSfIC] —JHr (Retrieve more schedulesl) Press "I" Select the port and key in STMt j the four digit code —eg: To New York (NYC) 2275 stJJ) Key in your fax number your phone number Another innovative service offered by The document Will be Shipping times S _3j/!i x
      52 words


  • Page 43 Miscellaneous
    • 138 43 LEGEND Thunderstorm Temperoture VShoww Weother w,nd d*ect,on with speed ,n knot, Rom Cloudy Sky Wove height Surface wind* ore mdrcoted by arrows wfi.ch fly with the wind (y Or»e full circle represents colm o> light ond vonoble wind* I A V anaoie Wlr,<,s One holt Heche represents 5 knots Une
      138 words

  • Page 44 Advertisements
    • 109 44 FAR EAST MIDDLE EAST TRADE BUNKER ADJUSTMENT FACTOR (BAR OF USDSO/TEU The under-mentioned shipping lines operating in the Far East Middle East trade wish to remind the Trade that a Bunker Adjustment Factor (BAF) of USDSO perTEU is applicable for all shipments to/from the Middle East. In light of the
      109 words