The Business Times, 30 September 1999

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Total Pages: 48
1 48 The Business Times
  • 11 1 THE BUSINESS TIMES 850 SINGAPORE Internet: http://business-times.asial .com.sg/ THURSDAY, SEPTEMBER 30,1999
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  • 52 1 AJ 2017.57 (-6.87) nvr-m U 7GM4 (-1.33) flsmscinmjiEs U ***** (+220) STOCK IABKET HDKES Wednesday Change KLSECOMP C8U1 +4*7 HANG SEW lSjBSi8t -It*4 SET INDEX 311.07 +M4 JAKARTA COMP _i*47_-l7S MANILA COUP 2J0L41 +1IJ6 TAffnWP! 7jH14« +WM SEOUL OOMP MJ8 4L» CLSAOONAB 8HJ6 42 AUST ALLOW NooaEDT Ckmge
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  • 73 1 ram bates US* 8$ US$ 1.7f» £(USS/S$per£) UM7 1814 EUR0(USl«f*9 tail 1.799 DK 1.S8 MM TEW MM_ 1JN* KM UN 9.460 HKS 7.718 BAOT 41JS 8.M1 RUPIAH 8,187 9020* '8$ tom mts FUME BATES SINGAPORE* MS KlIALA LUMPUR 7.26 JAKARTA .40.09 BANGKOK 10.00 MANILA 11.00 HONGKONG 8.26 IMPS 8J7
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  • 822 1  -  I :iri exclusive They are taking back workers whom they had to let go just a few months back By I Siow Li Sen [SINGAPORE] Banks in Singapore are recruiting aggressively again, sometimes even taking back people whom they had retrenched just months before.
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  • 326 1  -  Established firms need to be as creative as start-nps By Audrey Tan [SINGAPORE] As Singapore becomes a knowledge economy, companies will find it increasingly necessary to offer workers share options in order to harness their energies, Deputy Prime Minister Lee Hsien Loong
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  • 617 1  -  :i i exclusive By Wong Wei Kong [SINGAPORE] The Stock Exchange of Singapore has, for the first time, approved a share split for a stock that is not trading at $8 or above as stated in the listing manual,
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  • Page 1 Advertisements
    • 131 1 TOP STORIES One more day of corporate results: The tally so far P®4 A foretaste of the millennium bug Hong Leong bags another site facing Buckley Mansion Pg 10 Surprisingly big pickup in trade in some Asean countries Pg 11 Lee Kim Yew, the property baron who pioneered countrystyle living
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    • 66 1 *%z ,y '^+*2■ va*,-- W. 5 *2 x w*i* -^f" JP% f|MM much 4- V i ISHLJ more rrttl£ A 1 trw, rl realistic H9| Full report plus HHV comments from jw meSinwore Material Employers J Federation, Pg 2 Kwek u>ng joo.sfcci (left) A and Stephen Lee, at the Photo:
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    • 14 1 <4 w >v J Paraxon Sunliu C it\ Mall Kotan Siotts Takashimava Drpartmrnt Stow
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  • THE next page
    • 934 2  -  Total bill for developing project above MST station, with 835,035 sq ft gross floor area, may hit $750 m By Kalpana Rashiwala [SINGAPORE] With an area of nearly 150,000 sq ft, a site above the proposed Clarke Quay MRT Station offered
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    • 621 2  -  SNEFs president says employers want long-term CPF rate to be reviewed Reports by. Audrey Tan [SINGAPORE] Deputy Prime Minister Lee Hsien Loong yesterday said that a three-point Central Provident Fund (CPF) restoration was unlikely next year, and that an increase of
      ARTHUR LEE  -  621 words
    • 334 2 Excessive payments make wage system rigid: BG Lee [SINGAPORE] Singapore should review its approach to paying retrenchment benefits, so that overly-generous payments do not make the wage system rigid, Deputy Prime Minister Lee Hsien Loong said yesterday He said that while the primary objective of
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  • Page 2 Advertisements
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  • SINGAPORE companies
    • 712 4  -  Bat total fall-year earnings down by more thao half oa poor HI showing Ven Sreenivasan WITH just nine companies still to release their 1999 interim financial results by today's deadline, the tally so far shows that combined group earnings at half-time
      Compiled by BT  -  712 words
    • 504 4  -  Analysts' estimates of company's fair value vary widely By Christopher Tan TALKS between Cycle Carriage and DaimlerChrysler over the latter's stake in the Mercedes-Benz wholesale business here are expected to be wrapped up by year-end. "We want to get
      Source: Bloomberg  -  504 words
    • 241 4  -  By\ Siow Li Sen DBS Bank is pulling out of the Big Apple in the east coast of the US to concentrate its business in the City of Angels in the west coast, where there
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    • 664 4  -  |:>:Olocksiew lee han shih WITH the rapid advancement in communications technology, Singapore Telecommunications may have no option but to offer a fixed monthly charge to those who use its service for international calls in two years' time. In five years, it
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    • COMPANY Briefs
      • 89 7 SINCERE Watch said yesterday its wholly-owned subsidiary Avante Investment Pte Ltd has bought a SO per cent stake in Cullna Pte Ltd, a company which imports and distributes wine, fine food and food-related products, for $1.25 million. Sincere said the acquisition was part of its
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      • 50 7 INGRAM Micro Asia, formerly known as Electronic Resources, said yesterday it had received the approval of the Stock Exchange of Singapore to delist from the official list of the SES from tomorrow. Ingram Micro Asia completed its takeover ofERL in February this year.
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      • 35 7 THE Hour Glass said yesterday that Lawrence Yeo Kia Yeow has been appointed chief financial officer from Sept 20. Former CFODy Francisco in J resigned with effect from Sept 24.
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      • 50 7 CSA Holdings said that it has acquired 8,000 shares in Computer Systems Advisers (M) Bhd (CSAM) at an average price of RM6.14 in the open market through the Kuala Lumpur Stock Exchange. CSA now holds 50.81 per cent or 20 .27 million shares in CSAM.
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      • 65 7 HERSING Corporation said the Stock Ryphnngß of Singapore has approved in-prlnclple the listing and quotation 0f57.74 million bonus shares. Every two existing shares held by Hersing shareholders entitles them to one bonus share. A circular containing more details on the bonus shares and
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    • 292 7  -  Irisca sees opportunities in its 3 businesses By Andrea Tan IRISCA Investments said yesterday it would "revive and expand" the business of troubled music company Form Holdings and position it as a high-technology service provider. Former stockbroker and investment banker George Thia's investment vehicle,
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    • 530 7  -  It conld then end np with 80% of S'pore Internet market, bat TAS approval needed Reports by 1 Teh Hooi Ling SINGAPORE Telecom's Internet service access subsidiary, Sing Net, will bid for SembCorp Industries' 42.4 per cent stake
      ALBERT SIM KK/ST  -  530 words
    • 372 7 SINGNET yesterday said its profits for the six months ending Sept 30 will jump by more than 50 per cent from the same period last year despite the toll-free services and the free personal computers it has been giving to attract subscribers. This
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  • Page 5 Advertisements
    • 188 5 IMOKIA Connecting People ....vr* I i MM m '7 mi ;t T j iSmff&r' 3 j iPPy ii 1 1 1 H 'ASO® *£pP s?^* v s ~y.^S-'. f v *.»s< £w%f see Asia's top golfers battle for the US$4OO,OOO Nokia Singapore Open. From October 21st to 24th, the top
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  • SINGAPORE markets
    • 537 6  -  -i comment STOCKS r. sivanithy A VOLATILE session on Wall Street on Tuesday unnerved investors here yesterday and because this was then followed by uncertainty in Japan and Hongkong, it meant a return to the lethargic trading of the past
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    • 208 6  -  WARRANT WATCH -By R Sivanithy WITH the market in bad shape, liquidity has disappeared and many stocks are off their highs. Yet one can't help but be reminded of September 1998 when conditions were similarly bleak. But it turned out to be
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    • 275 6  -  HOT STOCK By' Wong Wei Kong KEPPEL Corp shares fell below the psychological level of $5 yesterday to end at $4.88, down 17 cents or 3.4 per cent, from its previous close. The stock opened at the high of $5.05 for the day and fell
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    • 103 6 Tuesday, Sept 28 Last day for listed companies to release their 1999 interim results ■mi* T Company meetings: Beijuntai Tin Dredging Bhd, Computer Forms Bhd, Pengkalen Holdings Bhd, MCB Holdings Bhd, Perdana Industri Holdings Bhd Thiiisai' Baatfrefci 3pm. Bank of Thailand reports monthly trade, investment and money
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    • 458 6  -  I t comment CURRENCIES S$ finds buyers again above 551.7150 per US$; greenback's rise thwarted by sizeable corporate, interbank sellers larry wee YEN bulls had it difficult again yesterday, but the US dollar looked much less robust against other currencies in Asian
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    • 381 6 StOCkS Unhw HHiW Faatech US 10c 20 702 000 'Owning M 12,342,000 SingTal15c 7,908,000 Gokfcn AgriUSlOc 7.415,000 TanChonglntSOc 7,143,000 A«a Fcod&Prop US$ 7,098.000 TtongWoon 10c 6,662,000 Hotung Inv IYT5 4,306,000 IPCCocpnSc 4,297,000 SIA 4,232,000 Stocks SIA 68,582,910 SingT«M5c 24,011,680 P*«cC«Hufy 15,972,000 DBS Qrp 15.560.886 OUB 15,031,236 NatEtoclOe *****,312 TanChongkntSOc 10,691,490
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  • Page 6 Advertisements
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    • 10 6 targe Ingoldprice adds to global interest rate jitters, Pg 20
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  • Page 7 Advertisements
    • 29 7 JU I 1111 t I own an education institution. The Straits Times Classified is my course to success. Bwv.it. Sell h Find h. 1800-737-1166 Call Today For Results Tomorrow.
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    • 168 7 WINEMAKER'S DINNER presented by Corndale Consultants Pte Ltd, Mahler-Besse, Chateau Palmer and The Grand Hyatt Singapore on 6th October 1999 at 7.30 pm The Grand Hyatt Singapore Hibiscus Room, Level 3 That evening, witness the unveiling of Transtherm Asia Pacific's luxury wine cellar designed by the renowned woods craftsman from
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    • 411 7 Workshop on Treasury Risks and Controls About the workshop This workshop will focus on the risks involved in the use of treasury products and the controls that can be used to manage and control these risks. Case studies will be used to reinforce participants' understanding of the concepts taught. Key
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  • CORPORATE results
    • 330 8  -  But property group expects to incnr full-year net loss, although smaller than last year's By\ Carol Eng PROPERTY firm Hong Fok slipped back into the black during its first half year, but still expects a small loss for the full year. For
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    • 209 8  -  By* Jennifer Lien HONGKONG-BASED printed circuit board maker Wong's Circuits yesterday said its first-half net profit fell 23.8 per cent to $11.2 million as price erosion and lower sales volumes took their toll. This compares with flat interim earnings a year ago to $14.6 million.
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    • 247 8 CD-ROM maker SM Summit Holdings yesterday posted a 32 per cent rise in interim net profit to $2.7 million as business conditions improved. This compares with its interim net profit slump of 55 per cent last year, triggered by the Asian crisis.
      FILE PHOTO  -  247 words
    • AT A GLANCE
      • 83 8 HO Wah Genting International has narrowed its net loss for the half year to June to $2.06 million from $2.49 million a year ago, due mainly to the closure of its light bulbs manufacturing business in Malaysia. Group turnover declined 37 per cent to
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      • 143 8 GRP Ltd's net loss for the financial year ended June has widened to $2.87 million from $2.76 million as group turnover declined by 19 per cent to $23.3 million. GRP said its marine and hoses business was affected by delays in projects in the
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      • 70 8 RMCA Reinsurance has swung into the black with a net profit of $9.14 million for the year ended June against a net loss of $1.44 million a year ago. Revenue came to $11.5 million comprising mainly writebacks of provisions of $8.3 million for disputed claims
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      • 141 8 ALLIANCE Technology and Development has halved its half-time net loss to $2.9 million from $5.8 million previously. An extraordinary profit of $6.9 million from the divestment of certain subsidiaries, however, boosted its bottomline gain to $3.8 million compared to a loss of $5.8 million
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      • 101 8 ASIAMEDIC'S losses increased to $454,000 for the first half of the year from $341,000 in the previous corresponding period despite a 27 per cent jump in turnover to $4.5 million. Directors expect the second half to be better than the first half. However, the
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  • Page 8 Advertisements
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    • 604 8 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 ANO IN THE MATTER OF WE-TE ENTERPRISE PTE LTD (In Members' Voluntary Liquidation) Man EXTRAORDB4ARY GENERAL MEETUG of N members of WE-TE ENTERPRISE PTE LTD duly convanad and haid AT BLK 165 BUKJT ME RAH CENTRAL *06-3667 Singapora *****5 on SOtti
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  • SINGAPORE news
    • ON THE grapevine
      • 80 9 DO NOT panic if you can't get through to Beijing on your mobile phone tomorrow. China celebrates the 50th anniversary of Communist rule tomorrow with an unprecedented show of military might, as is to be expected considering the recent tension over Taiwan The authorities are taking every
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      • 164 9 A GOOD proof that the Cold War is really over comes from the American computer industry. In a recent count, 60 per cent of the world's largest supercomputers sold last year were bought by businesses, including companies like Aetna and Montgomery Ward. Why? Because businesses in
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      • 52 9 TO mark the opening of its Funan Centre computer store, Gateway Singapore has organised a car giveaway contest with a bovine twist. Guess the correct number of small plastic cows stuffed into a Nissan March and drive away in a brand new car. Now that's something to
        52 words
      • 135 9 WE have heard of "socialism with Chinese characteristics"—the late Chinese leader Deng Xiaoping's answer to reforming the old Communist economy. But what about Thatcheresque with Chinese characteristics? In her speech to the Foreign Correspondents' Club in Hongkong yesterday, Chief Secretary Anson Chan recalled how she
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    • 730 9  -  comment TECHNOLOGY While doomsayers may be right, the problem's more likely to be a nuisance than seriously life-threatening kenneth james The writer is BT's Technology Editor THE first rude surprise came last Wednesday evening. Working from home via a dial-up link to the office
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    • 403 9  -  Agents moving towards fee-based schemes for corporate clients By\ Marissa Chew COME Friday, companies will know exactly how much their air tickets cost and how much their travel agents are charging them as the agencies move towards a new price structure. The National Association
      CHRIS LOH  -  403 words
    • 320 9  -  By. Andrew Wee [SINGAPORE] US-based Gateway 2000 Inc yesterday opened its first retail store in Singapore. The company, ranked No 1 in US consumer desktop PC sales by Dataquest, sells computers primarily through phone sales and via the Internet. "We started the retail stores
      SIEW YAW HOONG  -  320 words
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  • SINGAPORE news
    • 406 10  -  I exclusive It pays $40.6 m for 45,366 sq ft plot; breakeven cost will be $1,000-1,100 psf By\ Kalpana Rashiwala FRESH from bagging the Buckley Mansion site earlier this month for $43 million, the Hong Leong group has snapped up a 45,365 sq ft
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    • 234 10  -  Maw-nan Dave Simpson Singapore I REFER to your report, "MCL bags Devonshire site with aggressive $92m bid" (BT, Sept 24). Wasn't it only a few short weeks ago that MCL's managing director Lim Ee Seng and his senior colleague from parent Cycle Carriage, Philip
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    • 397 10  -  Y Woozeer Singapore VIKRAM Khanna's three predictions for the millennium (Gazing into the crystal ball, BT, Sept 23) are neither right nor intelligently wrong. They are too shallow. In my view, China's devaluation of the yuan will be a nonevent. China will prefer to keep
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    • 302 10  -  on the economy By Eugene Low DESPITE a small dip in retail sales in July compared to June, US investment bank J P Morgan sees consumer confidence in Singapore picking up steadily this year, albeit at a moderated rate. In seasonally-adjusted terms, retail
      Source: JP Morgan  -  302 words
    • 507 10 Chng Gim Huat gets 4 months' jail, to pay 1.06m penally The Straits Times PROPERTY tycoon Chng Gim Huat was sentenced yesterday to four months' jail and ordered to pay a penalty of $1.06 million for tax evasion. The penalty is three times the amount of tax he owed the
      The Straits Times; FILE PHOTO  -  507 words
    • 1098 11  -  Group fights back to defend free trade plan with zero tariffs push pu exclusive By' Yang Razali Kassim THE push to free up trade and investment in Asean has taken on new urgency following disclosure that trade among Asean countries has not
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    • 581 11  -  Segment bottoming, says Colliers; JLL sees rental pressure By\ Marissa Chew THE office property sector is bottoming, with Colliers Jardine forecasting a rise of 10-15 per cent in capital values over the next 12 months and expecting the large supply coming on the market
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    • 381 11  -  By. Andrew Wee A COMPETITION aimed at encouraging local IT-based start-ups took off yesterday, with the top prize a cool $30,000. Called Start-Up@Singa-pore, the competition is modelled after the MIT 50k entrepreneurship competition in the US, organised by the Massachusetts Institute
      CHRIS LOH  -  381 words
  • Page 10 Advertisements
    • 1008 10 -w—v t" fcja a -w- t Registered Office: De Amsterdamse Poort ING Mm) BARINGS 0 BALANCE SHEET OF ING BANK AS AT 31 DECEMBER CONSOLIDATED PROFIT AND LOSS ACCOUNT OF ING BEFORE PROPOSED PROFIT APPROPRIATION BANK FOR THE YEARS ENDED 31 DECEMBER Consolidated 1990 1997 1998 1997 (in millions of
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    • 7 10 Email: btletter@sph.com.sg Strait Talk ThbßuhnebTdob shipping Times
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  • Page 11 Advertisements
    • 1 11 ■anheZaobao
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    • 240 11 30th September. 1999 Deutsche Bank AG acting through its London branch NOTICE TO WARRANTHOLDERS TO: ALL HOLDERS OF EUROPEAN STYLE CALL WARRANTS RELATING TO THE BASKET OF SINGAPORE BANK STOCKS ISSUED BY DEUTSCHE BANK AG. ACTING THROUGH ITS LONDON BRANCH, ON 3RD MARCH, 1999. Notice is hereby given by Deutsche
      240 words
    • 231 11 30th September. 1999 Deutsche Bank AG acting through its London branch NOTICE TO WARRANTHOLDERS TO: ALL HOLDERS OF EUROPEAN STYLE CALL WARRANTS RELATING TO THE 'LOCAL' DESIGNATED SHARES Of OVERSEA-CHINESE BANKING CORPORATION LIMITED ISSUED BY DEUTSCHE BANK AG, ACTING THROUGH ITS LONDON BRANCH, ON 6TH APRIL. 1999 AND 15TH APRIL.
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  • EDITORIAL & OPINION
    • 709 12  -  bottom line OPINION shoeb kagda The writer is BT's Jakarta correspondent INDONESIA should welcome the UN Human Rights Commission's inquiry into alleged atrocities in East Timor. It is the next logical step after having invited a UN peacekeeping force to restore law and
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    • 139 12 'Sooner or later, investors are going to discover that the world isn't always going to step in to stop a default And if they understand it sooner, it might prevent a bigger crisis.' US aeafcr administration official on why the the International Monetary Fund would not always
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    • 611 12 EDITORIAL ONE corporate highlight, last week was the announcement that Swissair had placed out its eight million Singapore Airlines shares at $1725 a share through US broker Salomon Smith Barney. Nothing odd about this since the market price at the time was $18 and it's customary to
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    • 789 12 Often perceptions matter more than reality in ever-changing cycles Bloomberg [NEW YORK] Have you ever considered: Why a strong yen nailed Japan's Nikkei 225 index last week when a weak dollar had the exact same effect on US stocks? Why expectations of higher UK
      Bloomberg; FILE PHOTO  -  789 words
    • 1084 12 Mfcw agaacy lacks taatfc SOMETHING needs to be done about the people making huge profits from illegal activities and then moving it through the system so it is difficult to trace. A state agency has been set up to take action, but it presently lacks the
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  • MALAYSIA people
    • 970 13  - Country-style pioneer Lee Kim Yew The tycoon behind Country Heights builds homes to meet people's desires Reports by Ruth Wong [KUALA LUMPUR] Despite his youth, there is no doubt that Lee Kim Yew is one of Malaysia's most recognisable property barons. But the 44-year old Mr Lee, who is often
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    • 1016 13 Country Heights' RM6BOm purchase of the 'Five Wonders' for investment has not gone down well with some analysts MALAYSIA'S Country Heights Holdings Bhd is no stranger in the development of exclusive properties. The group's pioneer project in the southern outskirts of Kuala Lumpur bears testament
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    • 591 13 Proposed tie-np expected to be completed in Nov NUSA Pasifik Sdn Bhd, the private entity to be formed through the proposed union between Country Heights Holdings Bhd and prominent tycoon Ananda Krishnan, plans to seek a listing in two year's time.
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  • MALAYSIA news
    • 433 14  -  Figure is almost doable last year's despite optimistic expectations From] Diana Oon Abdullah in Kuala Lumpur DEBT-RIDDEN infrastructure conglomerate Renong Berhad yesterday reported full-year losses of 1.41 billion Malaysian ringgit (*****.9 million), despite predictions three months ago that it would see an improvement
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    • 348 14  -  It signs MOU with Affiii Hldgs under forced merger plan From Eddie Toh in Kuala Lumpur AZMAN Hashim's Arab-Ma-laysian group has given up hope of securing another anchor bank slot under Malaysia's forced bank merger regime. Late last night, Affin Holdings, the parent
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    • MARKET moves
      • 50 14 STOCKS of East Malaysian timber group Jaya Tiasa outperformed the market with a 6 per cent gain yesterday. Dealers said some fund managers were accumulating the stock ahead of its final dividend of 2 sen per share to be paid soon. It closed up 40 sen.
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      • 100 14  -  Compiled by Diana Oon Abdullah BUYERS took a shine to banking stocks yesterday on news of the signing of memoranda of understanding between merging banks. The KLSE Finance Index finished higher by almost 28 points to 5,273.76. The Arab Malaysian Banking group, however, was among the
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      • 110 14 A REVIVAL of rumours that diversified construction group Intria Bhd will be undergoing a capital reduction exercise as part of its debt restructuring hit the company's stock yesterday. Intria saw 10.12 million shares changing hands, or more than 7 per cent of the market's total
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      • 76 14 MOTOR counters Oriental Holdings and Tan Chong saw another favourable day as the easing of the Japanese yen and the prospect of improved bottom lines from growing big-ticket consumer spending nudged sentiment for these stocks upwards. Tan Chong, which has been edging upwards this
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    • 530 14 KUALA LUMPUR Dr M also reiterates GDP can grow by 5% or more in 2000 Reuters, AFP MALAYSIAN Prime Minister Mahathir Mohamad said yesterday he is in no hurry to call general elections and wants to wait until the sex trial of his former
      Reuters,; AFP; REUTERS  -  530 words
    • 777 14  -  DVTO THE FUTURE By: Eddie Toh [KUALA LUMPUR] Malaysia wm keep the record of having the tallest buildings in the world by the turn of the next millennium. Other taller buildings being drawn up in Chicago, Melbourne and Shanghai will not be built in time
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  • Page 14 Advertisements
    • 138 14 I P|9 "GLOBAL UNIVERSITY I IM JUDGED WORLD'S BEST"! Th« Ex*evfiv« Commilte# of fa Infernaitond Council ijSifo H AUSTRALIA for Op«n ond EKikwc* Laoming (iCD€), Norway, 1999 Hi M, s; B i University of Southern Queensland(USQ) students enjoy I excellent graduate placement (ratio 5 out of 5) as I reflected
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    • 52 14 OPEN TO THE PUBLIC 2nd ORIENTAL CARPET AUCTION NO RESERVED PRICE All carpets must be auctioned off! f Regardless of price TRIE PERSIAN \M> IRANIAN CARPETS f OTTOMAN/TI'RKISH AND CENTRA!. ASIVN CARPETS Wool. Silk. New .iikl (>l<l. ;ill tlii- si/i's including corridors ;m<l rounds available f SUNDAY 3 OCT 1999
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  • SOUTH-EAST asia
    • 679 15  -  Golkar's head says decision to nominate Habibie is an internal party issue From Shoeb Kagda in Jakarta PRESSURE is mounting for Indonesian President B J Habibie to either step down now or officially withdraw his candidacy from the presidential elections
      AFP  -  679 words
    • 438 15 BANGKOK Reuters KEY economic data due to be published today will show Thai industrial production is continuing to grow rapidly, macro-economic analysts say. Manufacturing output and imports for August are both expected to confirm Thailand's gradual recovery over the past several
      Reuters  -  438 words
    • 262 15 BANGKOK Profit taking on greenback, officials' remarks drive it np Bridge News, Dow Jones THE Thai baht ended slightly stronger yesterday as investors took advantage of contradictory remarks by senior government officials on the baht policy by taking profits on the greenback, traders said. At
      Bridge News,; Dow Jones  -  262 words
    • 77 15 Reuters [BANGKOK] The Bank of Thailand (BOT) yesterday expanded a so-caUed "restricted zone" at its main office in Bangkok, barring reporters from door stepping its officials for comments on the currently volatile baht. The zone, first set up a few months ago when some media reports
      Reuters  -  77 words
    • 294 15 BANGKOK Bloomberg THAI Farmers Bank Pel, the country's third largest bank, said it signed an agreement with the government to fix its ailing finance subsidiary, Phatra Finance Pel, paving the way for the bank's delayed share sale. The agreement requires
      Bloomberg  -  294 words
    • 518 15  -  It may pay 35b rnpiah for Ciptadana Seknritas From Shoeb Kagda in Jakarta ONE of Indonesia's largest stockbroking firms, Lippo Securities, is in talks to buy a controlling interest in local brokerage firm Ciptadana Sekuritas as part of the group's plans to
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  • Page 15 Advertisements
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  • Page 16 Advertisements
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  • EAST asia
    • 627 17  -  BE TELECOM WARS It plans to offer international gateway facilities From'. Meera Tharmaratnam in Hongkong DOMINANT telephone company Cable Wireless HKT will likely see tough competition ahead if MCI World Com succeeds in its bid to become a full-service telecommunications provider in
      627 words
    • 63 17 [BEIJING] China's national emblem, hanging on the top of the Great Hall of the People, is engulfed by red flags erected in Tiananmen Square yesterday to celebrate its national day. The 50th anniversary of the founding of the People's Republic of China will be celebrated tomorrow. More than
      REUTERS  -  63 words
    • 323 17  -  Preferential treatment given to Korean creditors, they claim From Quak Hiang Whai in Hongkong FOREIGN banks led by HSBC Holdings, Bank of Tokyo-Mit-subishi and Chase Manhattan Bank have hit out at the Korean authorities for not living up to their promises and for
      323 words
    • 284 17  -  From Quak Hiang Whai in Hongkong HSBC Holdings said it will continue to work with its takeover targets Republic New York Corporation and Safra Republic towards closing the proposed merger with Republic and its tender offer for Safra Republic. The bank said this
      284 words
    • 375 17 HONGKONG NTT Com Asia to apply for licence for IDD facilities Bloomberg CCT Telecom Holdings said it joined with NTT Communications, the international arm of Japan's No 1 phone company, to seek a licence to operate facilities for international direct dialling in Hongkong. It's
      Bloomberg  -  375 words
  • Page 17 Advertisements
    • 75 17 I j V I I i !Gl C C I w I I W"" I I W"* L; V On time delivery at Gul Circle Districentre Automated Storage Retrieval System ff t) General Warehouse ml tilKfflj] MJ Cold Stores I Jw Chemical Store Vehicular Ramp Access Storage Space J |)J|
      75 words

  • SOUTH asia
    • 493 18 NEW DELHI They also question length of time it took to bring' Big Bull' Meht&tobook AFP LITTLE has changed to prevent future large-scale fraud in India, despite the conviction of the mastermind behind the country's biggest stock market scam, the Indian
      AFP; REUTERS  -  493 words
    • 382 18 BOMBAY Technical factors cited; bearish trend seen unless central bank steps in Reuters THE Indian rupee feU to a 13month low yesterday, and although the fall was attributed to technical factors it could trigger a bearish trend unless the central bank steps in
      Reuters  -  382 words
    • 150 18 NEW DELHI Reuters A NEW exit poll published on Tuesday suggested that the coalition led by the Hindu nationalist Bharatiya Janata Party (BJP) stood on the verge of victory after the penultimate round of India's five-phase election. New Delhi Television said the
      Reuters  -  150 words
  • Page 18 Advertisements
    • 1864 18 Consolidated Income Statement mjj CREDIT LYONIMAIS EUR in Millions, at 31 December Head Office: 19, bd des Italiens, ***** Paris Registered Office Lyon List of Subsidiaries and Associated Companies Singapore Office 3, Temasek Avenue, #11-01 X JZL *****0 tIS tS CONSOLIDATED COMPANIES IN FRANCE S»f CLSIN^ 527 5/20 l rwi
      1,864 words

  • WORLD news
    • 534 19 Japan's industrial output up 4.6% biggest rise in 42 years TOKYO Bat manufacturers see stronger yen crimping exports, slowing production Bloomberg JAPANESE industrial output rose 4.6 per cent in August, the biggest monthly increase in 42 years, led by Toyota Motor Corp and other automakers, amid demand for their new
      Bloomberg  -  534 words
    • 495 19 WASHINGTON Former treasury chief sees US inflation staying low Reuters FORMER US Treasury Secretary Robert Rubin said on Tuesday that his successor, Lawrence Summers, was committed to a strong doUar, dismissing any talk in financial markets of a
      Reuters  -  495 words
    • 438 19 SYDNEY Bloomberg TELECOMMUNICATIONS companies in the Asia-Pacific region are facing increasing competition as a result of on-go-ing global industry deregulation and the future for these companies creates a negative outlook for industry ratings, Moody's Investors Service said in its latest report. Moody's offers ratings
      Bloomberg  -  438 words
    • 479 19 Bloomberg [SYDNEY] AAPT Ltd chief executive Larry Williams said Telecom Corp of New Zealand's bid to secure a 40 per cent to 50 per cent stake in Australia's No 3 telecommunications carrier will likely succeed if the offer is
      Bloomberg  -  479 words
    • 364 19 IMF/WORLD BANE MHimJIO By not devaluing yuan, it helped region recover AFP [WASHINGTON] China made a tremendous sacrifice in not devaluing the yuan and thus helped the rest of Asia recover from the financial crisis, Finance Minister Xiang Huaicheng said here
      AFP; REUTERS  -  364 words
    • 243 19 m WASHINGTON Bloomberg, Bridge News THE Japanese yen's strength could undercut economic recovery in the rest of Asia, an International Monetary Fund (IMF) official warned. "While the strengthening of the yen has, of course, been beneficial to the other Asian countries in terms of
      Bloomberg,; Bridge News  -  243 words
    • 402 20 WASHINGTON But economists say the strong gain won't affect interest rate decision on Oct 5 Reuters STRONG demand for new cars and aircraft drove orders for costly durable goods higher for a fourth month in a row in August, the Commerce Department
      Reuters  -  402 words
    • 322 20 BT PEOPLE Reuters (SHANGHAI] Cable News Network founder Ted Turner, one of the world's richest men, yesterday said his heart was "a little bit broken" when he gave up being a CEO to become the second in command at Time Warner Inc in
      Reuters; FILE PHOTO  -  322 words
    • 297 20 LONDON Reuters GOLD'S three-day sprint to two-year highs this week is fraying nerves in markets already jittery that inflation may force more interest rate rises. At the morning fixing session in London yesterday, the spot bullion price was set at
      Reuters  -  297 words
    • 349 20  -  Trade officials expect business lobby to prevail From Leon Hadar in Washington DESPITE the failure of American and Chinese negotiators to reach an agreement on Chinese accession into the World Trade Organisation (WTO) when they met in Washington on
      349 words
    • 614 21 LONDON Reuters BANK of Scotland, which last week launched a daring bid for larger rival National Westminster Bank Pic, flaunted its profitability yesterday with a 12 per cent rise in first half profit. Pre-tax profit for the six months
      Reuters  -  614 words
    • WORLD Watch
      • 94 21 Bloomberg [REDMOND, Washington] Microsoft Corp chairman and co-founder Bill Gates sold or gave to charity more than 214 JS million Microsoft shares this year, reducing his stake in the world's largest software company by 4.5 per cent, according to company filings with the Security
        Bloomberg  -  94 words
      • 62 21 Bloomberg [MONTREAL] Alcan Aluminum Ltd, the world's No 2 aluminium producer, said US antitrust enforcers requested more information about its proposed C 517.12 billion (Ss2o billion) purchase of Pechiney SA and Algroup's aluminium and packaging divisions. Alcan, which disclosed the transaction last month, said it
        Bloomberg  -  62 words
      • 87 21 Bloomberg [NEW YORK] Metropolitan Life Insurance Co said its board approved plans to convert the second-largest US *Vfe insurer to a publicly traded company, a move that will help it make acquisitions and raise money. New York-based Met Life, currently a mutual company owned by
        Bloomberg  -  87 words
      • 67 21 Bloomberg [DETROIT] General Motors Corp, the world's largest automaker, formed a retail subsidiary that could own as much as 10 per cent of its dealerships within a decade as the company seeks to reduce distribution costs. GM named Darwin E Clark, 60, formerly vice-president and
        Bloomberg  -  67 words
    • 394 21 WASHINGTON 170 m shares to be sold for US$l7-$l9 each; proceeds to be nsed for acquisitions Reuters MEDIA mogul Paul Allen unveiled his plans to sell stock in his cable operation, Charter Communications Inc, that could reap almost US$3 billion (Sss.l
      Reuters; FILE PHOTO  -  394 words
    • 763 21 WASHINGTON Grassoalso disagrees with Levitt on broker-policing unit Bloomberg NEW York Stock Exchange chairman Richard Grasso rejected Securities and Exchange Commission (SEC) chairman Arthur Levitt's request to change an NYSE rule that prevents many of the Big Board's largest stocks from being traded
      Bloomberg  -  763 words
    • 424 21 GREENWICH, Connecticut They have recovered nearly 75% of their USs3.6b bailout Bloomberg LONG-TERM Capital Management LP's rescuers said they Eire taking back another US$BOO million (Ssl.4 billion) from the hedge fund, bringing the amount they have recovered to almost 75 per cent of
      Bloomberg  -  424 words
    • 342 21 SANTA CLARA Bloomberg INTEL Corp said it expects to spend more than US$l billion (SJI.7 billion) to develop its business of helping companies run Web sites, as the top computer chipmaker seeks to profit from a boom in Internet services. The company
      Bloomberg  -  342 words

  • Page 20 Advertisements
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  • FINANCE & commodities
    • 259 22  -  stiMijg Reports^ MSffl Tnitor Daphne Toy Jardine Fleming THE Singapore stock market had a lacklustre session yesterday, following a weak overnight. close on Wall Street and in the absence of strong leads and market-mov-ing news on the local front. The Straits Times Index
      259 words
    • 207 22  -  MSCI Taiwan htm Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures recovered tremendously yesterday after the disastrous earthquake with a gain of 9.6 points and 8.8 points in the September and October contracts respectively. The Taiwan Weighted Price Index saw an increase
      207 words
    • 233 22 ENERGY REPORT Reuters [LONDON] Oil's eight-month raUy hit yet another high yesterday as dealers cited news that US petroleum inventories had dropped to near-three-year lows as proof Opec supply curbs were biting deep ahead of winter. Benchmark Brent crude blend touched U5524.30
      Reuters  -  233 words
    • 313 22 Reuters London THE euro was buoyant in European trading yesterday as perception that inflationary pressures were rising led to expectations of higher European interest rates and wobbly US asset markets. A tamer yen since the weekend meeting of the Group of Seven, at which the world's financial superpowers
      Reuters  -  313 words
    • Article, Illustration
      1045 22 MTBIUnCIOMMTM C5 -> Ur» Fir D« HK$ V« Wm M M8N8M Hw H Wr 8tt 8M< 8*> WJ» 0-tt2 4.081 1217 5187 2*5* 54.92* 1700 7.f72 2.488 t272 *****26.868 im 1919 0.991 ********** OJM 1658 2?* "73 (U50 4260 1270 1310 29J02 57.335 0.731 1322 2.598 1328 *****1047 U68 1091
      1,045 words
    • 1578 22 SI COM ruxuiiES Sept 29 MJWCR (Mares cM* m at 5J0**) RSS1 CONTRACTS cmb/tag) CtQM Vofemo OpM Hjffc low Soft (toa—a) Iwtorot Oct 99 99JO Ho* 99 ***** 500 0« 99 ***** ***** 104.50 ***** 1200 JaiAtorOO 109.25 300 Apr/JwOO ***** ■AM/Sop 00 H6.25 RSS 3 CONTRACT (US ccntVkg) Vofcm
      1,578 words

  • STOCKS east asia
    • 2296 23 HOHOEONO AFP P Hang Sen* -1(104 HONGKONG share prices dropped 0.1 per cent yesterday on lingering worries over the outlook for US interest rates, dealers said. "The market is following overnight declines on Wall Street. People are worried about a US interest
      AFP  -  2,296 words
    • 555 23 TAIPEI AFP, Bloomberg H VP Inter *37J0 TAIWAN share prices rebounded 0.5 per cent yesterday on buying of technology and plastics counters after a 5 per cent drop in the past two sessions in the aftermath of last week's earthquake, dealers said. The rebound surprised many analysts.
      AFP,; Bloomberg  -  555 words
    • Article, Illustration
      909 23 Reuters, AFP -Pit SHENZHEN'S B shares ended yesterday with minor losses, led by steady declines in domestic currency A shares clouded by rapid market expansion. The B Share Index fell 0.19 point, or 0.22 per cent, to 86.99 on turnover of HK$l2 million, roughly equal to Tuesday's level. The
      Reuters,; AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  909 words
    • 1909 23 TOKYO AFP QffikMUG -43.4 SHARE prices in Tokyo fell 0.3 per cent yesterday, pressured by profit-taking and a drop on Wall Street, brokers said. The key Nikkei Average of 225 selected issues lost 43.4 points to close at 17,282.28. "Investors took profits after yesterday's gains," said
      AFP  -  1,909 words
  • Page 23 Advertisements

  • STOCKS klse
    • 7403 24 MNmUU Cmair protects Laot v«i Day *«i Cap f» c.wpiwy m <00 Um r/t urn 440 255 AJinomoto 310 ,97 12i6 174 46 Angkasa 93 -0.5 43 94.5 91.5 1371 220 ApoUoFoodMlg 324 2 3 326 324 tU 1»3 122 JS. JL° 2 136 174 167 63 1178.5 995 450
      7,403 words
    • 255 24 AFP QOnpootebin ♦437 MALAYSIAN share prices closed 0.6 per cent higher yesterday on bargain-hunting, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 4.37 points to 683.51. The Second Board Index was up 0.44 point at 154.25. An institutional dealer at a local
      AFP  -  255 words
  • Page 24 Advertisements

  • 3026 25 TURNOVER COOO) VALUE COOO) M*W *4* THH tt** T»tol ■AjHitod 15,611 15,611 26,574 26J74 •ttnutoctUTfl 54,493 16,760 71,253 65,070 10,521 75,5*1 Commtf 12.793 1,565 14,35® 16.306 921 17,227 Tpt/Stor/Cam 24.915 639 25,554 104.142 322 104^463 12.805 12,805 70,202 70.202 Coftjtructten 3,776 2,481 6J57 2,130 1,221 3,351 *op«rtl»« '4,016
    3,026 words
  • REGIONAL stocks
    • Article, Illustration
      840 25 AFP F1 SET Index THAI share prices closed 1.5 per cent higher yesterday as foreign investors returned to buy blue chip stocks seen as oversold in recent sessions, dealers said. The Stock Exchange of Thailand (SET) Index gained 5.84 points to 391.07, off a high 0f393.63 and a low
      AFP  -  840 words
    • 278 25 AFP Hi* *MJB THE Philippine Stock Exchange Composite Index rose 10.98 points to close at 2,061.41 yesterday. Volume fell to 6.5 billion shares worth 3 billion pesos from 8.7 billion shares worth 3 billion pesos on Tuesday.— AFP WM row) Abacus Construction 2.02 -0.04 4 ABortii Equity 2 28
      AFP  -  278 words
    • 302 25 AFP Q Composite Index -3L85 THE Korea Stock Exchange Index closed down 31.85 points at 868.88. Volume was 249.5 million shares worth 3.2 trillion won. AFP S4#n Anam Sami 1S600 -2050 Brain Taeh 1940 10 Central Bank 2810 -30 ChaMComm ***** 2800 OMCulMi 4440 tOO DMiang Corp 5420 -430
      AFP  -  302 words
    • 565 25 AFP DAH Ordinaries -M AUSTRALIAN stocks closed down 0.9 per cent yesterday as weaker bonds dragged down banking stocks, brokers said. The Australian Stock Exchange's benchmark All Ordinaries Index finished down 22.8 points at 2,897.8. The All Industrials Index gave up 43.8 points to 4,964.2 while the All Resources
      AFP  -  565 words
    • Article, Illustration
      738 25 AFP Composite Index -2.75 INDONESIAN share prices fell 0.5 per cent yesterday on profit-taking mainly in large cap stocks and amid weakness in most regional markets, dealers said. A dealer at a local brokerage said there were no factors to move the market. "People basically sold shares which made
      AFP  -  738 words
    • 274 25 AFP Wellington -MU7 NEW Zealand stocks yesterday took a spell from its September slide, closing with what one broker wryly called "refreshing flatness". The NZSE-40 Capital Index ended up just 0.67 of a point at 2,015.71 on turnover of NZ5116.6 million. The index has fallen from 2,153 at the
      AFP  -  274 words
  • Page 25 Advertisements
    • 35 25 A qolf membership that's still pipiinpis| a good investment even if you decide pipjiliiSpg never to play golf again, Migiigl The Bintan Uqoon Golf Membership. Great qolf and qreat resort for just $462 a month.
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  • 8476 26 MAM BOARD Transaction date: Sept 29 fir Or M Wt Last Vol Day Last Ouot» Wv Div YM Met Cap Av« High Low StNo Company Salt OOO) High Low 8»iyor SaMaf CH PAt $mli PrK# MULTI-INDUSTRY 'f JJ 5 m 'OOO *">« 50c 108 cd -4 167 111
    8,476 words
  • Page 26 Advertisements

  • EXEC lifestyle
    • 526 27  -  DANCE Ancient epic, Ramayana, gets a modern flavour in Realising Rama Byy Chua Soo Pong IWITH the courage of a determined army and the wilfulness of a purposeful traveller, the Asean Committee of CulI ture and Information (Coci) produced a strikingly coloured,
      526 words
  • Page 27 Advertisements
    • 220 27 Where to wine, dine and (o>&a Hi Treat yourself to a wide range of Japanese cuisine. Enjoy lempura, Sushi Rolls, Sashimi, Soft Shelled Crabs and many more plus tantalising desserts. Buffet Lunch 8C Dinner: £23.50 (Adult), 50% discount (Child) (Lunch daily except Saturday "lunch"from 12 noon to 4.30pm. Dinner nightly)
      220 words
    • 21 27 II V of 1 HOTEL QRAMD CENTRAL LIMITED 22 Orchard Road/Cavenagh Road, Singapore *****7 T«t *****44Ext 400/02 Fax: 733 3175 8
      21 words
    • 64 27 jjaki CITY THAI SHARKSfIN RESTAURANT Braised Superior A I Shark's Fin w/Cra^t^Hflry Braised Superior Shark's Fin wCrabmeat (1 Cbypor perpenor) Braised Whole AbaJone vWSupreme Mushroom Kai-Lan Sambal Pom fret Prepared in Thai Style Crispy Fried Golden Beancurd Baked King Prawn WVermcelh in Claypot Thai Style Pineapple Rice Dessert A Choice
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    • 53 27 ji I Ippeial kineh l%nuY @WOnotp(jritp with on? drink j f Tcofy) I Mashroom and Chicken Nooftte (loup/Dry) 7/ if ai \V > II y JpohtlorJPun b- ..Tried MaearoaK I *Pricg indudo Kiviee Chan# and tf :l r*l«vwi(xwnrop*Tax •> jmf I forlte*ervetion»{ call us 'el 430 A 218 Queen Street.Singapore
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    • 27 27 ■SB |BpN* PINE COURT HNESE i Sfl SMrestaiw X October 1999 Reservations: 6262/6 H CHINESE KSTAUtAWT 133 Orchard Road. Singapore *****7 737 4411 Fax: 732 2361 J
      27 words
  • Page 27 Miscellaneous
    • 892 27 CRYPTIC CROSSWORD ACROSS 13 Schoolmaster returned to I measure up 15 Begs newspaperman who ap- —L^—21 Beats soundly in game that's chiid's play (7) 22 They may be held in revulsion 24 j j^H 24 Well, it pushes up water rates in a disaster (8) 27 M I 27 Realise
      892 words

  • PERSONAL SPACE
    • 1668 28  -  Pamelia Lee sells Singapore for a living, and builds houses on the side. She lets jaims bb in on her secret JAIME EE WHEN people get bored, they usually turn to a hobby. Some take up golf, others cooking lessons. Slightly more creative types might try pottery, or
      PHOTO OF PAMELIA LEE BY SIEW YAW HOONG, OTHER PHOTOS COURTESY OF MS LEE  -  1,668 words
  • Page 28 Advertisements
    • 132 28 Freehold Development Site S—— Collective Sale By Tender Address 30-46 Ipoh Lane piaza off Tg. Katong Rd k Site Area 24,026 sq ft /f c £g\ Zoning 'Residential' with RR. 2.8, 20 storeys I Description Rectangular site with double SUBJECT frontage. Good seaview and I near to MRT Station. I
      132 words
    • 192 28 PRIME RESIDENTIAL PC 77 1 DEVELOPMENT SITES 1 W 118 ond 120 Arttiur Rood |sl ura« I 1 jubject Collective Sale by Tender 11 property Site area 2,262 sqm (118 Arthur Road) 1 Lj and 1,384.9 sqm (120 Arthur Road) I 7 Plot ratio 2.1 g J Height of not
      192 words
    • 64 28 For Sale By Tender Corporate Residential Services I 11 Queen Astrid Park (31,806 sf) An address of peertese distinction MgF Tnpnpan Colonial era bungalow surrounded BL by lush greenery Facilities include swimming pool tennis Generally Bat ractangular plot yaars laasa Development poteobel Tender Oct 1999 Fridey at 4pm For further
      64 words
    • 135 28 Wc provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong •Samoa Full nomfttec, management, corporate secretarial and professional administration services are available. I We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
      135 words

  • Article, Illustration
    3187 29 HDB transactions in August and September. TYPE/LOCATION POSTAL CONTRACT BULT-W PWCE PSF TYPtADCATKX POSTAL CONTMCT BM.T-W PflKZ PSf COOf OATt (SOFT) (SIUOO) (SS) COOE DATE (SOFT) (STOOO) (SS) > 3 Room QVp« A) Choa Chu Kang Loop *****0 15-Auq-99 1119 310 277 Bt Batok St 34 *****3 29-Aug-99 786
    3,187 words
  • Page 29 Advertisements
    • 95 29 Pay FIXED INTEREST RATE from date an m of first release NOT date of letter of offer n.. "J E=3 For housing loans without hidden conditions, call us -we have been financing homes since 1950 SBS We provide loans and financial assistance for your Corporate and Personal Financing. M ta
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  • SHOWCASE
    • 769 30  -  The look and feel of the Eastern Mediterranean have been lovingly reconstructed at Duchess Crest columns walks you through the cosy promenades CORINNE KERK Expatriate families. Kids. Laughter. Even on a sunny weekday afternoon, these are scenes you can't miss at Duchess Crest condominium. For
      PICTURES: SIEW YAW HOONG  -  769 words
    • 258 30 MMOOTMNCECOMPAMS YEAB1 VMi YEAR 3 VOW4 YEANS TOftt-tt YEAR 11-®■ Citibank* (max of 30 yrs) 4.0000 4.7gtfr 5.5000 ***** 5.5000 5.5000 5.5000 DBS 4.0000 5.0000 5.0000 5.0006 5.0000 ***** 5.7500 Hong Laong Bnancet (waxof 30yrej 4.0000 4.8750 5.3750 6.1250 6.1250 6.1290 6.1250 Singapore Rnanceft (max of 30 yn) 4 0000
      258 words
    • 239 30 DEVELOPER DISTRICT LOCATION SIZE TOTAL UNfTS NO. OF PRICE TB*JRE (aqft) LAUNCHED UNITS SOLD* ($paf) Craig Place Guthrie 1 Craig Rd 560-730 16 n«_ 975 99-yr Faber Curt CDL 5 Faber Heights 1,012-2,099 240 100* 590 99-yr River Place FEO 3 Havelock/Clemenceau Ave 678-3,229 509 307
      239 words
  • Page 30 Advertisements
    • 102 30 N LI A Collective Sale by Tender FALCON CREST ~3iU Wrii/ V at Ardmore Park /A/ Club J Pr.mt.inl J jj/ /p+ Land Area: 27,279 sq ft approx /o /<>/ Lot 644 TS 25 Freehold Tenure o* °1 Ay Ptotßatio: 2.8 mt Hy gSvSon y He *o w Control: Up
      102 words

  • SPECIAL FOCUS
    • 960 31  -  Common areas deserve proper management just like your home in order for owners to maximise returns, says bsako rem jam MANO RENJAN The writer is director and head of property management at Jones Lang LaSalk POR most of us, the purchase and ownership of our
      960 words
  • Page 31 Advertisements
    • 187 31 The Straits Times Classified 1 Where Buy It. Sen It Rnd It. Buy It. Sell It. Find It. AN ADELAIDE ADDRESS WITHOUT EQUAL 1 King William Street Adelaide South Australia V Prime commercial office investment enhanced V by a secure long term cash flow. Boral Energy I soon to commence
      187 words
    • 119 31 SITE AREA 7.421 SQ.FT. »JX» MiOT RATIO 3.5OJ JiiO Hit ollrfv/rrr.oTT DBVELOFMENT CHARGES PAID ZONE FOR LOCAL SHOPPING APPROVED FOR 5 STOREY AND 2 STOREY BASEMENT CARPARK MINS FROM FUTURE N.E. MRT TENDER CLOSING ON 28 OCT 1999 Prime River Valley Residential Area Good address at No. 1 River Valley
      119 words
    • 180 31 SPECIAL FEATURE OCTOBER 19, 1999 LOAD lIP WITH Muimii sues urns 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 8 Transport Event will be
      180 words

  • EXECUTIVE Suite
    • 1113 32  -  Boat Quay may be bustling, but the 'other side' of tiie Singapore River has yet to really get kicking. Will the new Clarke Quay MRT station change that? a*o wam may has the details ANG WAN MAY THE Clarke Quay area, although popular in its own
      PICTURES:SIEW YAW HOONG; Source: Jones Lang LaSalle,Singapore Bonc URA  -  1,113 words

  • MOTORING page
    • 663 33  -  I In Kuala Lumpur, Singaporeans can pamper their tummies on the cheap, promises eddib toh EDDIE TOH Eddie Toh (eddie_toh@sph.comsg) is BT's KL correspondent and a part-time travel guide to many Singaporean friends visiting the Malaysian capital over the last four years.
      NST  -  663 words
    • 726 34  -  Volkswagen plans to add more models to its VW Golf platform, says Christopher taw who recently visited the carmaker's Wolfsburg HQ -i special CHRISTOPHER TAN EUROPE'S largest carmaker Volkswagen AG, well-known for its strategy of making different products from common parts, is expected
      Compiled by BT  -  726 words
    • 559 34 Industry polls show brand loyalty in Europe's main car markets sliding exec CONTRARY to popular belief, the Volkswagen Group's quick-paced acquisition trail half a dozen car companies in the past five years is not a quest for world domination. Rather, it is part
      Source: Volkswagen AG  -  559 words
    • 151 34 Volkswagen's Wolfsburg plant Area of factory grounds: 7.Bmillion sg metres Total number of workers: 50,000 out of a 300,000 worldwide force, more than one-third of whom are foreign workers, mainly from Italy, on flexi-schemes Road network on site: 70 km Rail network: 70 km, 23-track,
      151 words
  • Page 33 Advertisements

  • Page 34 Advertisements
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  • SHIPPING TIMES
    • 288 35 Bridge News, Reuters ASIAN Panamax rates have firmed, but it remained unclear how long this could be sustained, brokers said. Rates remained strong for panamaxes from northwest Europe, but weakened from the US Gulf. Atlantic capesize and handy rates remained healthy. Futures opened with a firmer tone and
      Bridge News,; Reuters  -  288 words
    • 265 35 a CWT Distribution L16 -0.02 2 ChuanHup US uneh 154 Cosco investment—1.12 -0.04 4 FreiaM Links 0.31 -0.01 424 OaHoMng* 0J4 -0.03 6 Hal Sun Hup 0.6S uneh 201 IMC HoMtngs-HK 3.60 uncti 0 Jiy HoWngs 0.88 -0.01 276 JVMUHmrt 7.75 uneh 0 IIWWm—4N -0.17 1278 U9 act
      265 words
    • 486 35  -  WORLD MARITIME DAT S'pore vessels with poor safety records will have to bear the consequences, MP A warns By: Marcus Hand [SINGAPORE] The issue of quality shipping is an international concern, not just a European one, and Singapore has an important
      486 words
    • 487 35  -  Panel of experts also nrges development of IT, communications capabilities By. Ann Toh [SINGAPORE] Present a common and seamless interface to logistics services providers to attract them to Singapore and develop it into a global logistics hub, an international panel
      487 words
    • 355 35  -  From, David Hughes in London BRITAIN'S Peninsular and Oriental Steam Navigation Company (P&O) announced plans yesterday to sail into the German cruise market in a joint venture with privately owned leisure company Arkona Touristik. It has embarked on a phased takeover of the
      355 words
    • FOCUS cruise discounts
      • 744 36 More ports of call and discounts are dangled as bait to attract more people to take up cruises after recent bad publicity NYT DURING an autumn and winter cruise season, discounts abound, more ships will sail from more ports than ever and there will be
        NYT; REUTERS  -  744 words
    • 187 36 PACE Djaklioyd 8 ACL 6 Dongnama 3 ANL 3 Line 6 Accord 8 ECL 4 Appenship 5 Every*** 6 Austral 8 FoongSun 8 BalajiSnpg 5 Clink 4 BSA 7 Gemartrans 6 B'tanq Mas 8 Har>qli 7 CCNI 7 Hanjm 3 CMA 8 Heunq-A 4 COSCO 5 Hyundai
      187 words
    • 17839 43 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone S,M s,n Name Name Number Number SIN Dest'n Name Name Number Number tt/w WO Oram Ship ASIAN LINK 934N 65-*****05 To ABIDJAN (ABJ) 2003 Cote D'lvolre 12/10 ia/10 uasc orambreeze 934N *5374*417 00/10 19/n
      17,839 words
    • AIR & LAND transport
      • 418 47 Travel to and from China to grow at 9.5%, more than any other country: lata Bridge News [VANCOUVER] International airline passenger growth will average 5.02 per cent over the next five years, down from last year's forecast of 5.5 per cent, according
        Bridge News  -  418 words
      • 135 47 AFP [KUALA LUMPUR] Malaysia's transport minister yest«"*day urged the national flag carrier to reach more code-sharing agreements to help promote the new international airport as a mayor hub. Ling Liong Sik said code-sharing would add destinations for Malaysia Airlines (MAS) and encourage airlines
        AFP  -  135 words
      • 523 47 Reuters [LONDON] KLM Royal Dutch Airlines said it was likely one day to merge with its alliance partner Alitalia, but analysts believe the two flag carriers will have to find their way around treaties governing international air services first. In
        Reuters  -  523 words
      • LOG Book
        • 74 47 AFX-Asia [HONGKONG] British Airways pic and Qantas Airways Ltd said they will combine their commercial operations in Hongkong from April next year. The arrangement will bring together most of the commercial aspects of the two airlines—such as telephone sales, ticketing and marketing—under a single
          AFX-Asia  -  74 words
        • 81 47 Bloomberg [SEOUL] Korean Air, South Korea's flag carrier, said it will raise domestic fares by an average of 19.6 per cent starting next month because of chronic losses on its Korean routes and rising ftiel costs. Korean Air has never made a profit on
          Bloomberg  -  81 words
        • 71 47 AFX-Asia [KUALA LUMPUR] Air Maldives Ltd has entered into a lease agreement for three A3lO-330 aircraft from Airbus Industrie for delivery starting in October. Air Maldives said the acquisition will expand its capacity by 300 per cent. After the signing ceremony, Air Maldives managing
          AFX-Asia  -  71 words
      • 89 47 [LONDON] A Virgin balloon flies near the still horizontal Millennium Wheel in London. Virgin president Richard Branson is criticising archrival British Airways (BA) by flying the balloon near the giant ferris wheel, sponsored by BA, taunting the airline with a "British Airways Can't Get It Up." The
        AFP  -  89 words
      • 424 47 Bloomberg [MELBOURNE] Ansett Holdings Ltd, Australia's No 2 airline, will ground all its aircraft for 13 hours on New Year's Eve because there are not enough travellers who want to fly during the millennium roll-over. The airline, jointly owned by Air New Zealand
        Bloomberg  -  424 words
      • 250 47 Reuters [FRANKFURT] Airlines belonging to the Star Alliance grouping will, in future, cooperate in the buying of aviation insurance cover, Ralf Oelssner, Lufthansa's director of corporate insurance, said. "Talks are going on at the moment," he said on Tuesday. The first joint appearance
        Reuters  -  250 words
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    • LOGISTICS page
      • 478 48  -  Players also need IT, integrated services, good staff to snrvive: Emery director By] Marcus Hand [SINGAPORE] Consolidation of smaller players in the logistics industry is being driven by the growing demands from manufacturers to outsource all logistics functions, according to a senior executive at
        478 words
      • 143 48 Bloomberg [MEMPHIS, Tennessee] FDX Corp's Federal Express, the world's largest overnight-de-livery company, opened its new European hub in Paris as it expands services in the region. FedEx, which closed much of its then-unprofitable European business in 1992, opened the US$2OO miUion (5J342.3 million) hub
        Bloomberg  -  143 words
      • 415 48  -  Its Cats Eye transmits real-time delivery information transmission and boosts couriers' productivity By* Ann Toh [SINGAPORE] Leading air express company DHL has become the first in Singapore to equip its couriers with handheld wireless scanners that not only transmit real-time delivery information to customers but
        415 words
  • Page 35 Advertisements
    • 37 35 The Logistics page We now feature a page of logistics news on Thursdays every fortnight Catch the latest wave in logistics with this inaugural jjflr issue on the Back Page v J Wj Cruise lines bid to
      37 words
    • 203 35 HK r H| *J&r', 7' fflfe* -.jf-*jtfy* V- ;,v -l fi ,j. '"-iVLET'S BUILD A GLOBAL LOGISTICS PARTNERSHIP ;wl "*H. j/. v H i -K^- tP■■•••' v r/'j, d 1 I Thanks to a well-considered strategy of among ABX LOGISTICS customers all over the expansion and diversification, ABX LOGISTICS is
      203 words

  • Page 36 Advertisements
    • 206 36 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 MS < ST? I 1-j- jj- p r r- f*ff r i'rit'
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    • 662 36 services represented Members ot the Registry o» AccredKed Shipping Agents. Sfrore National Shipping Assoc 4/fbi Members ot the Singapore Freight Forwarders Association ULY UNE MALE Ivissei vor eta Tew eta P. mm SPORE MALI Empress Lily V 0599 07/10 08/10 17/10 Princess Lily V 0999 27/10 28/10 07/11 Empress Lily
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    • 1111 37 I SAX SERVia (DIRECT) SSB voy ami iax oak dm hod |ch lax Imwi ci mtc I 0141 29/09 14/10 19/10 19/10 19/10 19/10 19/10 20/10 20/10 11/10 AfITUROUOBE Bj 06/10 21/10 26/10 26/10 26/10 26/10 26/10 26/10 27/10 27/10 VISAMONYX 0151 13/10 28/10 02/11 02/11 02/11 02/11 02/11 02/11
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    • 1907 37 ©hanjin shipping lillPi 4lkNlr»lw -Idm, *****30 HANJIN SHIPPING (S) PTC LTD Imp Uwm Imp com lOOKING *****35 737 SALES *****74 731 OOCIiMfMT *****71 774 OKUIXM *****50 MAjM UHE *****55 fU 777W« n m |iSMf3OOOM TO NW USA CANADA USA CANADA' VV T m UN,HAa/VOT |"I w ra pS m on
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    • 358 37 FULLY COHTAINHIfIP PIPICATIP SIIVICIS Vtotl VOT_ Jjl_ PIG WT SMI H«i E ua HIS IvtSSa I DOT I SIM I PIS |VBS6 WIT pN 1 JIT AO DAISY 07W 0/10 02/10 00/10 o|/10 I jjVjjj 1 I IMK PUSAM 013S 04/10 10/10 12/10 14/10 IS/10 tMTf tFrniMT 'i* I 10/10
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  • Page 38 Advertisements
    • 1525 38 MR-SENATOR UNES TO UK/CONTINENT TO MEDITERRANEANCANADA ttssa WV La iw w mam |»rv rj nut t Iwr l«w|WT|«>t|ros|wx|MTn HANJM VALENCIA MM MM 1711 11 1| TTTo 21. M S.II Z3.11 WASHMGTON SENATOR M42W MM 1711 1111 2111 Z3II MM HAMJMOALJAM U»W tl 10 22 18 23 II 2111 22 11
      1,525 words
    • 976 38 AO MAC-NELS S'PORE M'SIA Carrier MN COUTH LWES, INC p. quoanq: (ot) *****28 1 lYv J NO: **********06 SOU: (064) *****9 MAMLA (632) *****24 PENANG: (04) *****36 BANGKOK: (882) *****57 SURABAYA (31) *****11 P. KELAWG: (03) *****77 JKT: (21) *****45 KUCHP4Q (082) *****1-3 DIRECT CONSOL TO:- NEW YORK VALPARAISO MANZANILLO
      976 words
    • 569 38 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO V «W' S POKE N SHEW COLOMBO P KLANG CAPE CANAVERAL V.112W »4 OCT 12 OCT 11 OCT 24 OCT TULSIDAS V.115 12 OCT 21 OCT 25 OCT 38 OCT TARPON SILVER V I«W II OCT 2* OCT 62 NOV 17 MOV CAPE CANAVERAL V.II3VK
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  • Page 39 Advertisements
    • 1554 39 SSEL VOY KHH HKG I SIN I PKO I pqb DXB PMM |BA BIK PC J- -5 1 22 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 13/10 15/10 19/10 20/10 29/10 30/10 31/10
      1,554 words
    • 877 39 Sailinf to Mm WeieMeh, Ofibwrti (Via NM) r J I rAA» E <uinlr H n><» «»«OtlKS0« RD TIL *****00 MX: *****04 OUIWMD (l/L| MSM2 WHOSE OfFKt- H «s [wl h Z K"— s- 5. s. fail wk/TJ? 2/2 n/X s!™ I£! two aftMa/n** v/m 2vw 30/w 04/10 "*< «<*mm m
      877 words
    • 997 39 E X PORT IMPORT wmwa* Iww hjw&b oo!%o u/w 14/&0 is/oo al/io l xegTut caacois to i motk iikhb. wtMamm movon st masautt fit mm n tmrntr vum TRANSPACIFIC SfRVtCT EXPORT IMPORT VESSEL yor Ml IM |OM IjCBTIKCyWOBIttIISMiHUK- VKSEI ~»0T IfiS CUM <M HfflßT 01 Jl 03,10 21.10 :s WVALfNGA
      997 words

  • Page 40 Advertisements
    • 1359 40 I EUROPEAJK/SCAWOtNAVIA/FINLAWD/RUSSIA I SGP ROM ANW HBG THP ZEE LHV I LHV THP RDM ANW HBG P*l up II ss&sr 22? 25/10 24/10 27/10 e rewaro heb3s nm ii/w im Hm w srs. J™2 !S2J 2F 11 04/11 h"EFIME RE «22 IMN 11/09 17/W 19/09 21/ Of 11/11 11/11 E
      1,359 words
    • 1349 40 f IJ juimh.ii JJ SO TELOK OLANGAH ROAD #02-02 OTPORT CENTRE STORE MH TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR WO. **********0W VESSEL VOY ETA ETD DESTIUnOM MABUKWA 3469 BVIM9 041M9 MM GUOANWH. OALAN IMAMU 11® 03/1 MS 04/IMO PONTIANAK R«MWA mm 83/IM9 (RIMS MALAT3MSUMTRM(ALNANTAN PORTS For
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  • Page 41 Advertisements
    • 477 41 i BSA mm. MYANMA wBBk FIVE STAR LINE (Myaanor National Lint) v Loading for Yangoo (Rangoon) VESSEL VOY SIN PKL PEN PGU KING TUNG 4W SLD SAGAING 42W SLD MALAYSIA AGENTS: OOUSTEAD SHIPPING AGENCIES KUL Til (03)*****00 PKL: TEL (03) 376*101 PEN: TEL (04)*****02 PGU: TEL (07)*****21/4 BANK LINE (A
      477 words
    • 1236 41 HYUNDAI MERCHANT MARINE CO., LTD. Ivbse vpy |sw I sou leh hm ant ham kv fel |vb a vot sou ta i ktm ant ham miv n i a i THAMES 557W 30/09 11/10 23/10 JO/U 21/10 AflAlMANt* 3101 04/09 11/09 00/09 09/09 30/09 mosa S29W 02/10 22/10 23/1017/10 19/10
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    • 1119 41 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HUVYUFT SERVKT [VESSEL VOY RAMP HEIGHT SIN I LAX CRL MIA SAV ML ORF NTC WW MM TAMPA AHO7 400 Taw 6JM 12/10 09/11 Wll 21/11 23/11 25/11 26/11 2S/11 02/12 06/12 TALAIOT MM 4001w 6.3 M 31/10 26/11 04/12 07/12
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  • Page 42 Advertisements
    • 1835 42 INDONESIA NATIONAL LINE TO AUSTRALIA H FULL CONTAINER SERVICE [ffllpst -JL-nTLtjm m KH"[HT usuoai Ins I a/w w/ii lw/i«ln/n ti/n HO—BMW l«s I os/ii u/iJiy/i> |»/J a /i# »HW |m| WH 10/10 [14/10 lit/it W/)> lt*» I a/Hi |w/|| FEEDER SERVICE TO INDONESIA ~~j v* vot srau suuuta sumajk wi
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  • Page 43 Advertisements
    • 53 43 FAR EAST KYOWA line Qp Direct Breakbulk/Container/LCL EUllvrß Service to Manila/Guam/Siapan FULL CONTAINER Agents: V-Grow Shipping Pte Ltd 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


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      158 words