The Business Times, 22 December 1999

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Total Pages: 44
1 44 The Business Times
  • 14 1 THE BUSINESS TIMES MITA(P) 035/12/1999 85C SINGAPORE Internet: http://business-times.asial .com.sg/ WEDNESDAY, DECEMBER 22, 1999
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  • 63 1 m 2365L58 (-7.08) wmVTSRi U 92L46 (+6.29) SDBCI FUTURES 327J0 (+1.00) STOCK KABKET INDICES Tuesday Change KLSE OOMP 791.20 +146 NIKKEI 18,080.38 -96.11 HANG SENG +36.35 SET INDEX 444.93 -5.75 JAKARTA COUP _666.89 +10.83 MANILA COM? _2.fl34.97 +358 TAIPEI WP1 7,***** +161.32 SEOUL COM P 968.80 -8.25 OSA
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  • 76 1 FOBEX BATES uss ss l'S$ 1.670 £|US$/SSper£) 1JI1 2.691 EURO(US$/SS/E) 1.112 1.691 DM 1.932 0864 YEN 1025 1.629* RM 3.800 0.439 HKS 7.772 0.215 BAHT 37.91 0044 RUP1AH 7.060 0.024 St to 100 units FUME RATES SINGAPORE* 5.80 KUALA LUMPUR 7.25 JAKARTA .49.00 BANGKOK 10.00 MANILA 11.00 HONGKONG 815
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  • 769 1  -  BTfamiMflJ Go-ahead given to transform WTC into commercial hnb double in lrailt-np space: sources By\ Carol Eng [SINGAPORE] The World Trade Centre (WTC) in Telok Blangah is to be transformed into a commercial hub, with government approval having been obtained to more than
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  • 437 1  -  It offers to help administer scheme if ELSE accepts proposal for staggered release of shares From Eddie Toh in Kuala Lumpur BINTANG Melewar will get a fee from helping the Singapore Investors Association (Singapore) push its plan to resolve the
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  • 657 1  -  HOGKLOCKSBW SLA, Virgin have vastly different cultures, says Lee Han Shfh Lee Han Shih CAN A $1.6 billion makeover turn "the Singapore Girl" into something more like "the Virgin"? Perhaps, but it's not going to be easy. On the face of it,
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  • Page 1 Advertisements
    • 117 1 drope Top stories UK-based staff of Morgan Stanley will share a £500 m New Year bonus. Mtxt Page US among 20 financial systems labelled "vulnerable to a credit bust", says Standard Poor's. Nmxt Page Hang Seng Bank is Asia's best bank, according to Asiamoney, with Dao Heng in second place
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    • 30 1 Fed statement on interest rates The online edition of The Business Times will carry news of the Fed statement on interest rates. Point your browser to http://business-times, asial. com. sg
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    • 48 1 jAJj^^ ill I; ifefc glj t|| |r t>£ i if jjj io IS BEHIND ,j I jljl 11 ill I jjll ARS PIGUET W '%i;i'l i 1 K.iii a,,. 531"1!' a t If f V >f** \tll ■> I S I I■ ti. r.!. i ..I *oi t»<> btnga|M>!< .<•
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  • NEXT page
    • ON THE grapevine
      • 49 2 PEOPLE who got greeting cards from First Capital Corp were left wondering about the artist's impression of a condominium in the front, with two big capital letters "SG". The long-waited Sanctuary Green condo at Tanjong Rhu, some thought. Inside, one discovers that "SG" stands for "Season's Greetings".
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      • 179 2 STARBUCKS coffee at 30,000 feet? That is what United Airlines is offering its passengers in its "Discover Seattle in the New Millennium" promotion, held in conjunction with Starbucks Coffee Singapore. Bill Byrne, GM of United Airlines Singapore, said that UA serves Starbucks coffee
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      • 142 2 RECEIVING ang pows at festive periods has become a way of life for most Singaporeans. But one company PR and advertising firm Ad Planet has gone a step further by sending out ATM cards along with its Christmas cards. Its POSBank look-alike Cash-on-Bug ATM
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      • 66 2 MICROSOFT Singapore has set up hotlines for customers to call regarding Y2K issues. The Y2K hotlines at 378-3605,9638-6346 and 9847-3188 will be manned by human operators around the clock from 9am, Dec 30 to 9am, Jan 4, in addition to the current Monday to Friday, 9am
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      • 79 2 MICHAEL Yap, former chief executive at the National Computer Board, recently mentioned that he was feeling quite at a loss now that he's lost his michael@ncb.gov.sg e-mail address which he's had for the past 15 years. He's setup a new one with michael@theyaps.com and has
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      • 68 2 PRUDENTIAL-BACHE Securities is beefing up its telecommunications, Internet and technology coverage. The broking house recently appointed Andy Perkins as regional telecoms analyst for Asia Pacific. Mr Perkins has been covering telecom stocks in the region for five years, most recently at Paribas Asia Equity Securities
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    • 94 2 We are an accredited advertising agency producing a consistently high standard of work. In line with our expansion, we are seeking an Account Manager with at least 3 years' experience in the advertising industry. If you meet our requirement and would like to
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    • 253 2 Individual payouts of well above Elm for top dealmakers: report [LONDON] The 3,500 UK-based staff of US investment bank Morgan Stanley Dean Witter are to share a New Year bo nus of about £500 million (Ssl.4 billion), the Times newspaper reported yesterday. Top
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    • 618 2  -  PEOPLE The acclaimed surgeon reflects on her place in the flfthftmft of thing* By, Andrea Tan [SINGAPORE] Susan Lim, the second woman in the world to transplant a liver, sees herself as but "one single building block" in the greater scheme of things. She
      FILE PHOTO  -  618 words
    • 329 2 Sharp correction in stocks could lead to hard landing, it says FT THE US is among 20 financial systems labelled "vulnerable to a credit bust" in an analysis by Standard Poor's, the credit rating agency. S&P said domestic lending in
      FT  -  329 words
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  • Page 3 Advertisements
    • 76 3 NOKIA Connecting People With the widest range of phones, you'll be spoilt for choice. The only difficulty you'll have hunting for a present Nokia 7110 available in the stores soon*, you can expect this festive season is deciding which mobile phone to an even harder time. Call it different phones
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  • SINGAPORE companies
    • 940 4  -  SIA-YIRfilN MARRIAGE Malaysian Airlines' shared-carriage deal with UK carrier may be affected: analysts From Conrad Raj, Diana Oon Abdullah SHARES of Singapore Airlines soared yesterday on a wave of euphoria over its deal on Monday to buy a 49 per
      AFP; Source: Bloomberg  -  940 words
    • 297 4 GP Batteries International yesterday posted a 49.3 per cent drop in interim net profit to $8.7 million for the six months ended Sept 30. This compares with a 9.6 per cent rise in interim net profit last year to $17.2 million. For the
      297 words
    • 449 4  -  Company also acquires two Net service providers in Australia tty Teh Hooi Ling NASDAQ LISTED Pacific Internet is slashing its Internet access rates by up to 70 per cent from Jan 1, 2000, following Star Hub Internet's and Sing Net's moves to
      449 words
    • COMPANY Briefs
      • 54 4 URACO Holdings has received in-principle approval from the Singapore Exchange Securities Trading Ltd for its proposed rights issue and for the listing and quotation of its proposed rights shares. The four-for-flve rights issue is still conditional upon approval from Uraco shareholders at an extraordinary general meeting
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      • 61 4 GRP Ltd has proposed a two-for-five rights issue at 20 cents each. The issue will add up to 37.7 million shares to GRP's share capital. GRP said it would issue an abridged prospectus with more details. The issue is subject to approval from the stock exchange.
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      • 70 4 INNO-PACIFIC Holdings has become the owner of a 50 per cent stake in a US company, Sawyer Falls Co, which owns a 182-hectare property, Fennel Creek, in Seattle. Inno-Pac took over the stake following the failure of a Malaysian debtor, Demaga Ringkasan Trading
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      • 65 4 ASIA Pacific Breweries yesterday gave further details of the extraordinary items disclosed earlier with its results for the year ended Sept 30. The group's extraordinary items of $22.2 million comprise provision for diminution in value of investments ($13.4 million), provision for restructuring costs by an
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      • 58 4 KEPPEL Oil And Gas Services Pte Ltd, a wholly-owned subsidiary of Keppel Fels Energy Infrastructure, has bought 3.17 million SPC Local shares at $1.15 per share. With this purchase, the company's total shareholding in SPC has increased to 130.65 million shares or 30.9 per cent
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    • 466 5 It plans to add 100 m cubic feet of natural gasaday toUSsBb Natnnas contract Bloomberg SEMBCORP Industries Ltd said it plans to add 100 million cubic feet of gas a day in the next five years to an US$B billion (5513.4 billion)
      Bloomberg  -  466 words
    • 361 5 FRUIT and vegetable distributor FHTK Holdings has narrowed its interim losses to $26.2 million from $30.9 million, thanks to a drop in the cost of certain types of produce. And for the full-year, the company is optimistic that it will
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    • 701 5 Snch deals are setting the stage for banks and other companies to pnt their other assets to better use Bloomberg (SINGAPOREJ Singapore companies are finding new ways to make their assets work for them. Take DBS Land Ltd. The second biggest publicly traded property company
      Bloomberg; FILE PHOTO  -  701 words
    • 483 8  -  HK's Hang Seng, Dao Heng lead; OCBCsNo 8; DBS Group, OUB left out of top 15 Wong Wei Kong HONGKONG'S Hang Seng Bank is Asia's best bank, according to Asiamoney, with another Hongkong bank, Dao Heng, in second place and Singapore's United
      483 words
    • 368 8 SPH, SIA, DBS, Nat Steel Electronics make the grade FOUR Singapore companies are included in this year's poll of the region's top '20 Best Managed Companies. Singapore Press Holdings (SPH), Singapore Airlines (SIA), DBS Bank and Nat Steel Electronics were ranked Bth, 12th,
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  • Page 4 Advertisements
    • 96 4 Jo ha nil St muss Jrs (Die TCedCermaus J4n opera tic comedy sung by a east of internationally acclaimed artistes. Sun li i n (i crin a 11 with 1 nuli s li I) ialo li u c and I ny I is h cV hii) o m' Supei"t i
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    • 24 4 n know? reB d j} jn Mews I I Citeh Cits' Mini it \sodiy Classified this CAT A Buy It. Sell h. Find It.
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  • Page 5 Advertisements
    • 14 5 Buy it. Sell It. Find it. <i Classified. Call Today For Results Tomorrow. cats.
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    • 149 5 W rIM ■f ~4f£ ■-'fe 7^-, 5 i'- Sir- ..a 111 w v A:: I I ■B "PH 1 lihrjr v The Boee*Lifeetyie* Series M home theator systems meybs the world's first home theator systems to deliver the experience of 5-channel surround sound from any source. But pick up the
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  • SINGAPORE markets
    • 549 6  -  STOCKS ven sreenivasan SINGAPORE stocks endured another uninspired session yesterday, with the limelight primarily on Singapore Airlines following its announcement on Monday that it was buying a major stake in Virgin Atlantic Airways. SIA soared to a day-high of $18
      549 words
    • 190 6  -  WARRANT WATCH Ven Sreenivasan KEPPEL Tat Lee Bank has been a conspicuous laggard of late, even as the other banking groups power the benchmark Straits Times Index's recent rise from around 2,200 to current levels. But things could be looking up for
      190 words
    • 254 6  -  HOT STOCK By' Wong Wei Kong WHILE the market's favourite bank stock DBS Group retreated yesterday, shares of United Overseas Bank (UOB) rose 2 per cent to end among the session's biggest gainers. UOB shares opened at $14.40 and traded to a day high of
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    • 135 6 Singapore ♦10am. Consumers Association of Singapore's dialogue on proposed fair trading legislation ♦10am. Press briefing on the committee on the family ♦12.30pm. Singapore Cable Vision press luncheon ♦4.30pm. Thakral Corporation news briefing on interim results ♦2.30pm. Lycosasia launches its Web site ♦2.30pm. MAS briefing
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    • 614 6 Y2K fears also keep traders away from European unit Reuters (LONDON] The euro failed to capitalise on supportive comments by top European Central Bank officials and upbeat eu-ro-zone economic data yesterday as yearend factors and a US monetary policy meeting restrained the
      Reuters  -  614 words
    • 502 6 Stocks Volume SPC Foreign 23.043.000 EconWtOO 14,414,000 ChuanHup 20c 10,611,000 SembCorpI 25c 8,696,000 OUB CL eCW*****5 8.695,000 MediaRing 10c 7,992,000 Asia Food&Prop 6,904.000 Benefun HK10c 6,457.000 Keppel Corp 5,527,000 MIT 10c 5.481.000 Stocks SIA 78.364.800 DBSGrp 54,921,565 SPC Foreign 27,651,600 Keppel Corp 20,953,160 SembCorpI 25c 18,364,656 SingTel 15c 15,144,954 OUB
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  • Page 6 Advertisements
    • 205 6 When it comes to weight watching, TRUST THE EXPERT. Established in 1868, Soehnle of Germany is the LARGEST WEIGHING SCALE MANUFACTURER IN THE WORLD TODAY. KNOWN FOR ITS MARKET-LEADING TECHNOLOGY AND SOPHISTICATED DESIGNS RESULTING IN OVER 1 OO MILLION UNITS SOLD, IT'S NO WONDER THAT SOEHNLE IS THE TRUSTED NAME
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    • 21 6 Short of cash to invest? Triple your cash with our Margin financing l Call DBS Investor Online at 323-3955 today. SBDBSBANK
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  • Page 7 Advertisements
    • 594 7 <ohiHstmas A concerted effort by our designer, master craftsmen, and our international diamond cutters rf r jK comprising months of hard work has culminated in this Millennium Year 2000 collection. t Enjoy the fruits of our labour in this joint effort and celebrate the coming of the new l9r t
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  • Page 8 Advertisements
    • 1298 8 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of the Company will be held at News Centre, 82 Genting Lane, Singapore *****7 on Friday, January 7, 2000 at 10.30 a.m. for the following business Ordinary Business 1. To receive and, if approved, to
      1,298 words
    • 768 8 GP Batteries International Limited (Incorporated in the Republic of Singapore) Announcement of Unaudited Results and Dividend for the Six Months ended 30 September 1999 The Board of Directors of GP Batteries International Limited is pleased to announce an extract of the unaudited results of the Group for the six months
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  • Page 9 Advertisements
    • 404 9 THE BORDERS OF SANITY "So let us go, then, you and I," answered the ruined maid. "To the far side of the world, to a big hard-boiled city with no more personality than a paper cup. There's a Borders there. There's a world of words in a book, and a
      404 words

  • SINGAPORE news
    • 592 10  -  Units from state land sales may boost this potential supply: Edmund Tie Go Reports by Kalpana Rashiwala JUST over 24,000 private homes may be marketed in the next two years but the supply may be even higher as units from state land sales next year
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    • 282 10  -  IT firms seen boosting demand next year By< Andrea Tan THE office space market will see stronger demand next year and take-up may hit three million sq ft from one million this year on the back of the economic recovery and demand from information
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    • 378 10  -  Marissa Chew PIDEMCO Land has purchased a fourth site in St Martin's Drive, ofFTanglin Road, and will be amalgamating its plots there to develop a luxury condominium. In 1996, the governmentlinked property group bought three sites there worth over $66 million and
      378 words
    • 286 10  -  By< Carol Eng FOOD and beverage (F&B) revenues rose 7.1 per cent in September, but for the year to date, overall revenues are still 4.4 per cent lower than the same period last year. On a monthly basis, the numbers have been seesawing up
      Source: STB  -  286 words
    • 147 10 THREE people will wing their way to London, Hamburg and Cambodia respectively as winners in the recent Business Times/Raffles International Travel Series contest. The winners will each receive a pair of free air tickets and twin-share accommodation at Raffles International's properties in the
      ARTHUR LEE  -  147 words
  • Page 10 Advertisements
    • 715 10 Jf mmnm Asia Dekor Holdings Limited ANNOUNCEMENT The Directors of Asia Dekor Holdings Limited wish to announce the following unaudited results of the Group for the half year ended 30 September 1999. Six months ended Six months ended 30 September 1999 30 September 1998 RMB'OOO RMB'OOO Turnover 300,649 216,648 Other
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  • MAIL bag
    • 865 11  -  Janet Tan Acting Executive Director Institute of Certified Public Accountants of Singapore WE refer to the Hock Lock Siew column written by R Sivanithy (BT, Nov 6) on the depreciation of hotel assets and would like to provide the following comments. In the article, it
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  • Page 11 Advertisements
    • 126 11 "i J J||H| I ||K p,j Kuan Yin Numbered Edition In Satin-Finished Crystal LALIOUE HILTON SHOPPING, C.ALLEKY #02-03/04 TELEPHONE 734 1363 You can email us at btietterQsph.com.sg or fax to us at *****71, or mail your letter to The Business Times, Times House, 390Kim Seng Road, Singapore *****6. Please give
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  • EDITORIAL & opinion
    • 785 12  -  THEHH| rWrWiTlrnEl OPINION meera tharmaratnam The writer is a HK based content provider who contributes to BT I USED to be a journalist, but no longer. Now, thanks to the Internet, I am a commodity Content Laugh at me if you will. But the
      785 words
    • 125 12 'It is the first time we have a virtual party in Parliament. Unity has no organisation, no programme, no nothing, not even people you can name.' Vyache&lav Nikonov a political analyst, showing scepticism about the cohesiveness and goals of Unity, a political party of liberal economic reformers,
      125 words
    • 622 12 EDITORIAL ITS easy to make the case that traditional stockbroking is a business on the verge of steep decline. Commissions are headed down rapidly and from March next year, the settlement period will be reduced from Ave to three days so contra players may
      622 words
    • 1250 12  -  While global output's likely to register real growth, caution's still the watchword liy Paul Samuelson The writer is an economist at the Massachusetts Institute of Technology AS A year ends, demands are put on economists to provide forecasts for the next
      FILE PHOTO  -  1,250 words
    • 939 12 Corse of Time NORMALLY, it is considered an honour to be selected to grace the cover of a weekly news magazine. If, however, your metier happens to be business or finance or economics, the last place you want to be is on the cover of Time
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  • MALAYSIA news
    • 582 13 KUALA LUMPUR Groop seeking high prices, but buyers unwilling to pay premiums: analysts Reuters MALAYSIA'S biggest industrial conglomerate and corporate borrower Renong Bhd wants to sell some attractive assets to raise cash but it may find buyers unwilling to pay premium prices.
      Reuters; REUTERS  -  582 words
    • 307 13 KUALA LUMPUR AFP MALAYSIA'S opposition Parti Islam SeMalaysia (PAS) said yesterday it will adopt an accounting system based on Islamic banking principles for a north-eastern state it took over last month. The state government in Terengganu will also provide civil servants with Islamic interest-free
      AFP  -  307 words
    • 109 13 PETALING JAYA Bernama, Reuters THE Democratic Action Party (DAP) of Malaysia is considering legal action to determine whether the 10th Parliament was convened in accordance with the Federal Constitution. Malaysia's Parliament sat for the first time on Monday after the country's 10th general election on
      Bernama,; Reuters  -  109 words
    • MARKET moves
      • 83 13 COUNTERS linked to tycoon Quek Leng Chan's Hong Leong Group have been hogging the limelight over the past few days. Many analysts and fund managers said interest was sparked by talk of Hong Leong Bank's quest for anchor status and the latest frenzy over
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      • 81 13 TIMBER-BASED Aokam Perdana, which was requoted last Friday after a 20-month suspension, hit the 300 per cent limit up once more yesterday its third trading day. The counter rose RM1.95 to end at RM8.45. But analysts said this was not unexpected as the company's
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      • 69 13  -  Compiled by Ruth Wong LABEL maker Komarkcorp fell yesterday following a proposed cash call to repay bank borrowings. Despite offering a one-for-three bonus issue, analysts said the sweetener was not enticing enough given that the company had proposed to issue four new shares and
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  • Page 13 Advertisements
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  • TRADESPUR
    • DIARY of Events
      • 85 14 •Business Mission to the Philippines First qnartcr 2000 International Logistics Hub Promotion Mission to Japan and Korea Feb 2000 International Exhibition City Mission to China Feb 2000 IT Mission to Latin America Mar 2000 IT Mission to South Africa Mar 2000 •Business Mission to Saudi Arabia and
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      • 163 14 TDB International Day 2000 Challenges Opportunities in the New Global Economic Landscape Date 13 Jui 2000 •Commodity Futures Trading Course (6th Intake) Data 15 Jan 25 Mar 2000 Foreign Investment Promotion (to be held in Myanmar) Date 17-24 jan 2000 Central Europe Business Day Data 20 Jaa
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    • 338 14 TDB's International Day returns in the new millennium to look into the future of trade and business opportunities in world markets International Day (ID) 2000 returns on 13 January 2000 with an even more exciting programme for the business community. Organised by TDB, ID 2000
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    • 132 14 ID 2000 SEMINARS WORKSHOPS The first seminar The Knowledge-based Economy and What it Means To Companies in Singapore will look at how new technologies will change the way business is done. Success in the millennium depends on how well businesses maximise on valuable assets such as knowledge, skills and people.
      132 words
    • 146 14 developments in Malaysia in the past year and assess the implications for Singapore's trade and investments. The Garuda Takes Off Indonesia Towards Recovery The workshop on Indonesia will run concurrently and focus on the road, ahead for the country. The session will also paint a broad
      146 words
    • 302 14 Local traders stand to benefit from the recent agreement between The Export Institute of Singapore (EIS) and the UK Institute of Export (IOE) to work together to offer specialist education and training in international trade. EIS, a division of the TDB, will have exclusive approval
      302 words
    • 285 14 The trading community in Singapore is ready to meet the Y2K head-on when the year-end rolls in. Trade Net, the islandwide on-line trade documentation system, has also been cleared and is Y2K compliant. "Trade Net has been Y2K ready since Ist January this year
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    • 216 14 TDB Business Library has embraced the latest in technology to give you faster access to invaluable information via email. Q What is TDB Business Library's new email alert system? A I The electronic mail alert system was recently set up with Buzzcity and it offers
      216 words
    • 85 14 Latest Press Releases Singapore Trade News, profiling companies, news 2nd events in Singapore Import/Export Notices, highlighting the latest changes in import, export and trade documentation procedures Country Bizwatch, highlighting key developments in overseas markets Singapore Products and Services, presenting new Singapore business
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    • 152 14 Better Brand Understanding Through Survey Brandtrac 2000 As pan of TDB's ongoing efforts to assist our companies, a Singapore Brands Survey Brandtrac 2000 will be carried out jointly with international brand and communications consultancy, Citigate Lloyd Northover. The results of the survey will help the Board to better understand brands
      152 words
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  • SOUTH east asia
    • 405 15 BANGKOK Recovery set in too fast before financial system was cleaned np, he says Reuters ASIA'S financial system probably won't get the reforms it needs to make sure there is no repeat of the region's economic meltdown in 1997 and 1998, American economist
      Reuters  -  405 words
    • 168 15 BANGKOK Bloomberg THAILAND'S central bank said it found no wrongdoing by three former bank executives involving 1.8 billion baht (5579.2 million) in loans to bankrupt Finance One Pel. Chaktip Nitibhon, former country manager of Credit Agricole Indosuez's Thai branch, Kitti Patpongpibul, former managing
      Bloomberg  -  168 words
    • NOTE Book
      • 47 15 AFP [DILI] Australian pop singer Kyle Minoque performing for 5,000 peacekeeping soldiers at a stadium here yesterday. The concert was organised for United Nations International Forces in East Timor (Interfet) for Christmas and featured Ms Minoque and other performers. AFP
        AFP  -  47 words
      • 96 15 AFP [MANILA] A big majority of Filipinos believe corruption is rife in government and the issue is a major cause of dissatisfaction with President Joseph Estrada, a nationwide survey by Social Weather Stations, an independent polling firm, shows. Eighty-four per cent of respondents see
        AFP  -  96 words
      • 61 15 Reuters [BANGKOK] Thai music and recording Arm Grammy Entertainment pic confirmed yesterday that it was in talks with a potential partner about an Internet investment. The company made the confirmation to the Stock Exchange of Thailand (SET) after its share price jumped sharply in
        Reuters  -  61 words
    • 378 15 BANGKOK No need for new probe into Krung Thai Bank, says central banker Reuters THAILAND'S central bank governor said yesterday that "pure speculation" in the baht had now been curbed but remaining controls on baht transactions involving offshore players would still be
      Reuters; Source: Bloomberg  -  378 words
    • 176 15 BANGKOK Reuters THAI Deputy Prime Minister Supachai Panitchpakdi said yesterday that Thailand's gross domestic product is unlikely to grow at a Caster rate in 2000 than in 1999. He repeated the government's official forecast of 3 to 4 per cent GDP growth for 1999. "Economic
      Reuters  -  176 words
    • 138 15 JAKARTA Bloomberg LOTUS Asset Management Ltd. a Hongkong-based fund, bought 6.2 per cent of PT Multipolar Corp. the retail arm of Indonesia's Lippo Group, the Jakarta Stock Exchange said. Shares of Multipolar, whose main business is trading computers, rose as much as 100 rupiah,
      Bloomberg  -  138 words
  • Page 15 Advertisements
    • 472 15 W I V I v > -4*-* V v j Mt* I i j\ !•!'.:> i Mil -1 \N I N j\!: R I .S(.i O 1 i (KII > I I (AR I > 1 here's one true gold credit card the new Aniencan 1 \pres-. (mill C "redit
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  • EAST asia
    • 455 16 TAIPEI Announcement next week expected to put pressure on other banks to tie up Bloomberg TAIWAN will unveil a merger of three state banks next week that could lead to a reshaping of the island's financial landscape by increasing competition and pressure
      Bloomberg; FILE PHOTO  -  455 words
    • 403 16  -  Alliance forged to Up Net market in Japan, Asia-Pac From< Quak Hiang Whai in Hongkong RICHARD Li's Pacific Century Cyberworks has formed another strategic alliance, this time with Australialisted Spike Networks Ltd to tap the Internet services market in Japan and the Asia-Pa-cific. In
      403 words
    • 240 16 HONGKONG Reuters CHINA Strategic Holdings said yesterday it would consolidate its China investments and expand into information technology (IT) and e-commerce but has not decided on any acquisitions or asset sales. The company said in a published statement that it
      Reuters  -  240 words
    • 429 16 NEW YORK FT CHINA'S largest oil company J may go ahead with a controversial US$7 billion 4 (Ssl 1.7 billion) initial public offering of shares as early as February, according to Wall Street insiders. The IPO for China National Petroleum Corporation
      FT  -  429 words
    • 460 16 HONGKONG Govt cites recovery in exports, domestic spending Reuters THE Hongkong government confirmed yesterday third quarter real gross domestic product (GDP) rose 4.5 per cent year-on-year, citing robust recoveries in exports and domestic consumption. At the same time, the government raised its estimate of
      Reuters  -  460 words
  • Page 16 Advertisements
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  • Page 17 Advertisements
    • 324 17 Pacific I nternet^gl YOU are supported by a WOrld-class YOU are assured of speedy access engineering infrastructure that provides you and seamless connectivity with our with superior connectivity for your Internet regional offices in Australia, Hong access. Kong, Philippines and India, with more countries to come. YOU can expect rewards
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  • Page 18 Advertisements
    • 80 18 I Charlotte Mgynard We' ve had a very productive year! As the century draws to a close, we're happy to look back on an exceedingly eventful year. We sharpened our skills all round. The achievements of our Asia Pacific Equity Teams have been recognized by our clients and many awards
      80 words

  • SOUTH asia
    • 492 19 COLOMBO Opposition candidate doesn't see president getting sympathy votes despite attack AFP, Reuters SRI Lankans cast their votes in subdued presidential polls yesterday, with the usual election fever lacking amid fears of violence following an assassination bid on President Chandrika
      AFP,; Reuters; AFP  -  492 words
    • 298 19 NEWDELHI AFP A STRIKE by 10,000 lawyers in the Indian capital to protest a plan to allow entry of foreign firms into their profession paralysed high courts and lower courts yesterday. About 1,500 lawyers marched to the Parliament shouting anti-government slogans to
      AFP  -  298 words
    • 124 19 BOMBAY Bloomberg INDIAN Rayon and Industries Ltd, a textile maker, said yesterday that it paid 2.36 billion rupees (5596.7 million) to acquire Madura Garments a division of Madura Coats Ltd to boost its share in India's branded clothing market. Indian Rayon said the acquisition, effective Jan 1,
      Bloomberg  -  124 words
    • 519 19 MADRAS State firm seen as vehicle for tapping Internet market Bloomberg LAKSHMI Menon has a telex machine in a corner of her office as a reminder of the past: One she wants her stateowned company to forget. "We want to leap-frog to the next
      Bloomberg  -  519 words
  • Page 19 Advertisements
    • 55 19 »-1. itrS; f H n M GENEVE B a H JH k *aiH > V W r ::/|3 '~Mi, ■~y JJJ H I Hlb fete|J| HU I Ik i w |Q&&11 w** .w. \A!U> <w^tfs«Uml><PuQ£ *l:*RftA#(S^S] »#,»*.»7. ««,»-»>!.• v: 6 Scotts Road, Scotts Shopping Centre #01-09, Singapore *****9. Tel. *****08.
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  • WORLD news
    • 542 20 AUCKLAND They're refusing to process US$ payments involving Nauru, Palau and Vannatn, which are accused of money laundering AFP IN an unprecedented action, international banks have placed a ban on US-dollar denominated payments involving three tiny Pacific nations Nauru, Palau and Vanuatu.
      AFP  -  542 words
    • 576 20 NEW YORK Bloomberg MORGAN Stanley Dean Witter Co reported record quarterly income of US$l.63 billion (552.72 billion) on Monday, up 86 per cent from its operating profit a year earlier and well ahead of analysts' estimates. In the first look at
      Bloomberg  -  576 words
    • 66 20 [MELBOURNE] A house-shaped hot-air balloon soaring over Melbourne's central business district during an early morning flight yesterday. The balloon, made in Britain, contains 120,000 cubic feet ofair when inflated, is over 20 metres high and features two cats lazing on the roof, each measuring 3.2 metres.
      REUTERS  -  66 words
    • 197 20 WASHINGTON AFP FOREIGN investors are becoming increasingly attracted to US Treasury bonds, with the Japanese leading the way, the Wall Street Journal reported on Monday. It said foreigners now own almost US$l.3 trillion (552.2 trillion) in US securities, 40 per cent of the
      AFP  -  197 words
    • 349 20 PALO ALTO, Calif Reuters THE problem with the explosion of online stores is that more than a quarter of all the purchases attempted over the Internet never go through, according to a study. Andersen Consulting went shopping at 100 of the
      Reuters  -  349 words
    • 540 20 WHANGAREI, New Zealand Plant nearest int'l dateline could be first one hit if computers crash Bloomberg AS clocks strike midnight on Dec 31, the world's biggest oU companies will be watching •what happens at a small oil refinery near the
      Bloomberg  -  540 words
    • 520 21  -  Analysts say ruling has far-reaching ramifications for Clinton govt front D Ravi Kanth in ticriem A WORLD Trade Organization (WTO) dispute panel on Monday appears to have upheld the European Union's case in a steel dispute, that Washington's continued use of
      520 words
    • 443 21 LONDON It's focusing on providing data and Internet services to businesses: analysts Bloomberg CABLE Wireless pic is likely to sell its Hongkong unit and consumer operations in Australia as the UK's secondlargest phone company focuses on providing data and Internet services to businesses, analysts
      Bloomberg  -  443 words
    • 76 21 [KEY LARGO, Florida] Trading his reindeer for a dive propulsion vehicle, Santa Claus, played by John Bell of Key Ijargo, Florida, gliding by a Christmas tree at the underwater Christ of the Deep statue in the Key Largo National Marine Sanctuary. The underwater yule tide event, organised
      AFP  -  76 words
    • 361 21 LONDON AFP BRITAIN will cancel all bilateral debt owed by the world's poorest countries, finance chief Gordon Brown said yesterday as he unveiled a £5 billion (5513.4 billion) package aimed at easing world poverty. "We will eliminate the burden of all bilateral debts owed
      AFP  -  361 words
    • 267 21 UTOKYO Reuters EUROPEAN and Japanese equities will be the top choices next year of some of the world's leading institutional investors, according to a survey conducted by Nomura Securities Co. Japan's biggest brokerage polled 147 portfolio managers at 87 major European and
      Reuters  -  267 words
    • WORLD Watch
      • 50 21 Bloomberg [SEOUL] General Electric Co has suspended prepayments to Korea Heavy Industries Construction Co, whose operations have been crippled by a six-week strike. GE, a major customer of Korea Heavy, stopped the prepayments after expressing concern the strike was delaying supplies, Korea Heavy said. Bloomberg
        Bloomberg  -  50 words
      • 58 21 Reshuffle at Harks Spencer Reuters [LONDON] Troubled British store chain Marks and Spencer yesterday reorganised its UK retail division, including a reshuffle of top managers, aiming to get more in tune with what customers want. The restructuring is the company's third major management shake-up this year. The changes will create
        Reuters  -  58 words
      • 39 21 Bloomberg [SEOUL] Korea Life Insurance is suing J P Morgan Co for US$l billion (551.67 billion), two months after the US bank settled lawsuits with several Korean institutions over derivatives losses. Bloomberg
        Bloomberg  -  39 words
      • 44 21 Bloomberg [TOKYO] Cresvale International Ltd's Japan operation filed for bankruptcy in the Tokyo District Court, two months after Japan regulators criticised it for violations related to its sale of funds operated by its parent Princeton Economic International. Bloomberg
        Bloomberg  -  44 words
    • 226 21 m MUNICH Bloomberg GERMAN economic growth will accelerate next year, as the weaker euro boosts exports from Europe's largest economy, a research group said. The economy will grow 2.7 per cent in 2000, up from 1.4 per cent in 1999. the Munichbased Ifo
      Bloomberg  -  226 words
  • Page 20 Advertisements
    • 421 20 THE BUSINESS TIMES AND MOET CHANDON "Spiri/ Of Centura" CTlcuarcf Sim Wong Hoo -Singapore's entrepreneur Claire Chiang Known for her dedication Dr Susan Lim l^r-t^ant extraordinaire, Mr Sim is the first person to win to the causes of women and the family, Ms Chiang surgeon in Singapore Dr Lim made
      421 words
    • 10 20 10 DAYS CAXS. I Buy It. Sell It. Find It.
      10 words

  • Page 21 Advertisements
    • 4 21 rTODAY©**^#. lianheZaobao ffttt (=£> am.
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    • 224 21 Full professional after sales service provided For a FREE copy of our 100 page colour brochure or to arrange a complimentary consultation contact: Ms Florence Nathan, General Manager OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26 04 CLIFFORD CENTRE, 24 RAFFLES PLACE. SINGAPORE *****1 E-mail: ocrasing9singnet.com.sg TEL: (65) *****82 FAX:
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  • Page 22 Advertisements
    • 1897 22 NOTICES T advertise call toll-tree 1800-741 1883 Fax No: 741 1298 A THE DAI-ICHI KANGYO BANK, LIMITED (INCORPORATED IN JAPAN) NON-CONSOUDATED BALANCE SHEETS NON-CONSOLIDATED STATEMENTS OF INCOME March 31, 1999 and 1998 Years ended March 31, 1999 and 1998 Millions of yen 1999 1998 Millions of yen ASSETS 1999 1998
      1,897 words
    • 907 22 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF QFORM PTE LTD (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act Cap. 50 the Final Meeting of Members of the Company will
      907 words
    • 1120 22 I 1 JURONG SHIPYARD LIMITED I (Incorporated in the Republic of Singapore) I NOTICE OF EXTRAORDINARY GENERAL MEETING I NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be I held at 29 Taniong Kling Road, Singapore *****4, on January 14, 2000 at 1:30 p.m for
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    • 629 22 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER Of MB SYNERGY PTE LTD (In Mtfflbtn Voluntary Winding-Up) RESOLUTIONS PASSED ON 20TH DAY OF DECEMBER 1999 A. an E>.roordinary General Meeting of the Company held at Blk IN Pine Grove *02-61 Singapore *****1 on the 20th
      629 words

  • FINANCE & commodities
    • 268 23  -  SGX Derivatives TradlngHeports MSC1 Singapore Index Daphne Tay, Jardine Fleming TUB Singapore stock market close J lower amid thin and cautious trade yesterday. Activity was muted ahead of the IJS Federal Open Market Committee meeting later last night and with the
      268 words
    • 231 23  -  MSCI Taiwan ftitures Matthew DenBleyker Refco Singapore SIMEX MSCI Taiwan Index Futures yesterday rose 6.6 points or 1.88 per cent to 357.8 while the underlying MSCI cash index gained 6.99 points or 2 per cent to 356.02. Electronics shares led the market higher on
      231 words
    • 220 23 ENERGY REPORT Reuters. [LONDON] Oil prices dipped yesterday as Iraq signalled that it would press on quickly with exports under the latest stage of its United Nations oil-for-food programme. Benchmark Brent for February delivery in London was down 17 US cents at U5525.13 a barrel
      Reuters.  -  220 words
    • 306 23 Reuters [ROME) Prices of Italian olive oil, a key agricultural export, have plunged this year due to high domestic output and hefty north African imports, but an upturn is expected soon, a senior industry official said yesterday. Ranieri Filo della Torre, director
      Reuters  -  306 words
    • Article, Illustration
      1249 23 PTTERBAMK CROSS RATES t C$ Dm HK$ Ind »t NH* Yen Won RM MZ$ Pli Bt Pe»o S$ Band Sfr NT$ Bafct Poond US$ Australia 0.951 6.178 0.635 4.165 1.242 4.996 27.958 45.507 0.659 7.290 2.442 1.256 33.322 26.054 1.073 3.943 1.016 20.353 ***** 0 399 0 643 Canada 1.052
      1,249 words
    • 1890 23 SICOM FUTURES tjec2i RUBBER (futures ctosinq as it 5.30pm) RSS1 CONTRACTU cents/kg) Close Volume Op«n Month High Low Sett (tonnes) Interest Jan 00 107.75 Feb 00 109.25 600 Mar 00 m.75 111.75 112.25 600 100 Apr/Jun 00 118.75 RSS 3 CONTRACT (US cents/kg) Volume Open Month High Low Sett (tonnes)
      1,890 words

  • STOCKS east asia
    • 2850 24 HONGKONG AFP Q Hang Seng +3&35 HONGKONG shares edged up 0.2 per cent yesterday in directionless year-end trade amid concerns over a possible interest rate adjustment in the United States, dealers said. Dealers said buying in banks partly reversed a downward trend that dominated
      AFP  -  2,850 words
    • Article, Illustration
      1028 24 Reuters Q Shenzhen B Index -0.68 SHENZHEN stocks closed lower yesterday as an official re-affirmation that listed companies must make provisions for bad debt triggered renewed worries over corporate earnings prospects for 1999. The B share index ended down 0.68 of a point, or 0.84 per cent, at 80.06
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,028 words
    • 395 24 AFP QWP Index +15L32 TAIWAN share prices closed 1.9 per cent higher yesterday on heavy buying of technology shares amid upbeat sentiment, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 151.32 points to 7,934.26, following a 0.2 per cent decline in the previous session. "Buying was focused
      AFP  -  395 words
    • 2007 24 TOKYO AFP □Nikkei 225 -9601 SHARE prices in Tokyo closed 0.5 per cent lower yesterday following declines on Wall Street and the yen's firm tone, brokers said. The Nikkei average of 225 selected issues fell 95.11 points to finish at 18,080.38. The broader Topix
      AFP  -  2,007 words
  • Page 24 Advertisements
    • 68 24 only if yon allow yourself time can you really Montblanc Boutiques Writing Watches Jtvtlltry Eyeveor MontbUm, Boutique*. *i#e Ann City #0/ KjjU* City 3 7A. Fun *>/ M Comer HufcA r«L** Montbtam Service Centre fitrmfm *H \H r I MontbUtu Authorised ReiaOern: Ckett- Chmg WritrhCcmna Wauk. Ww Krtffc-ni. lin Km*
      68 words

  • STOCKS klse
    • 8961 25 INDUSTRIALS Consumer products 1999 Last Vol Day Nat Cap Hlqh Law Company Sal* HOP Mfk L— Pit. 440 255 Ajinomoto 320 18 1 320 320 20.3 129.7 174 46 Anqkasa 90 unch 14 90 90 132.7 404 220 Apollo Food Hlq 338 -2 4 338 338 8.1 135.2 294 115
      8,961 words
    • 443 25 AFP AFX-Asia Q Composite Index +3.46 MALAYSIAN shares prices closed mixed, with the composite index ending higher on late local institutional support for blue chips but with lower-liners succumbing to profit-taking after recent sharp gains, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended
      AFP; AFX-Asia  -  443 words
  • Page 25 Advertisements

  • SGX clob & regional stocks
    • 2820 26 BONDS WARRANTS 52-Ww* Urt W Oil LasMiete kr% feiaM Can tier Catkl 'mm *»k Lot S*m Kin SOT 000) M* Lot h|« Mh> M» (Motti l«w Mn ,«m TlmmT u» '2« ,0 '5 5 3,60 <0 unch 42 40 40 40 40.5 jjj j ST" 75 >tn ,4 ,i ssagafc-
      2,820 words
    • Article, Illustration
      791 26 AFP PSET Index -5.75 THAI share prices closed 1.3 per cent lower yesterday after the market ran into profittaking, dealers said. Trade was volatile, with many investors remaining sidelined amid Y2K fears and a lack of fresh leads, they added. The Stock Exchange of Thailand Index closed down 5.75
      AFP  -  791 words
    • 286 26 AFP n| Manila +3J>B PHILIPPINE share prices closed 0.2 per cent higher yesterday on selective buying, dealers said. The Philippine Stock Exchange Composite Index gained 3.58 points to 2,034.97. Volume reached 12.78 billion shares worth 1.9 billion pesos. -AFP 5E5 Nv> 000) MRC A Hied 0.62 0.03 370 Abacus
      AFP  -  286 words
    • Article, Illustration
      735 26 AFP M Composite Index +1033 INDONESIAN share prices closed 1.7 per cent higher yesterday on buying in selected big caps and window-dress-ing in some second-liners, with news of Goldman Sachs International's stake purchase in PT Multipolar Corp also helping to lift sentiment, dealers said. "Some players also entered the
      AFP  -  735 words
    • 281 26 AFP QWellmgton -17.49 THE New Zealand share market suffered its first reversal in seven trading sessions yesterday as a number of blue chips lost ground. The benchmark NZSE-40 Capital Index fell 17.49 points to close at 2,206.97 on light trade of NZ$73 million. B«n MS (000) Advantage HOS 4.05
      AFP  -  281 words
    • 592 26 AFP QAH Ordinaries -3ft3 AUSTRALIAN shares slumped almost one per cent yesterday as pre-Christmas profit-taking combined with Wall Street's interest rate jitters to depress the bourse, brokers said. The All Ordinaries Index closed down 30.2 points to an adjusted 3,107.20. After recent solid gains, the All Resources fell 29
      AFP  -  592 words
    • 310 26 AFP QOunpoate Index -&25 THE Korea Stock Exchange Composite Index yesterday closed down 8.25 points at 958.80. Volume was 283 million shares worth four trillion won. —AFP Ok 21 *h Arum Stmt 1)200 1050 BrwnTocf) I960 WO Cfntr«IB«nk ?W0 -155 CrwilCotnm ***** -9500 Dm Cu Bank 3J00 -150 OMMngCorp
      AFP  -  310 words
  • Page 26 Advertisements

  • 9046 27 MAIN BOARD Transaction date: Dec 21 Gr Cr M Wt 52-Wh Last V«l D«y Last Ouot# D«v Wv VM Not C*p Avg Ht*h Uw StNo Company Sato fOOO) High Low Buy«r Soilor C'vr P/C SmM Prko WUTHMNJSTRY 182 17.5 m c 1000 Acma 50c 111 -1 157 112
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  • Page 27 Advertisements

  • Page 28 Advertisements
    • 975 28 Where to wine, dine and entertain...''""" j -Offering the lowest interest rate in town 290 4545 j i i i <^dn 76 Bras Basah Road, Singapore *****8 Tel: 338-8333 Fax: 339-6866 Web-»ite http://www.carlton.com.jg E-mail: Rcstaurants9Cariton.com.sg Imgm i available for: private parties company dinner and dance conference seminar and meeting. HOTEL
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    • 133 28 I Ml I CelgbrovHovvs 2flfk 26VU Pecg**ber, ITIT. J Revel in the magic of this century's last Christmas with Singopofe Marriott Hotel's festive feasts For sumptuous lunch, high tea and 1 dinner buffets at Marriott Cat*, call 831 4605 For a romantic fivecourse set dinner at Garden lerroce Bar and
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  • Page 28 Miscellaneous
    • 1249 28 rage DUbmcaa I hi ica, ncui icauay i 999 CBYPWC CROSSWORD premiere 12 4.3° Mortal Kombat. 3.50 God of Fortune. 2.02 Primarama. c —c —> g —i re—ir —e —i e —i mmm —he 11"illI5.00 Jumanii. 4.45 Big Head Son, Little 3.00 Fajar Kurnia. 3.00 PM TV Innovations. 5.39 Zorro
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  • SHIPPING TIMES
    • 290 29 Bridge News, Reuters THE dry cargo market was generally quiet on Monday as many players were thought to have concluded their business to cover the approaching Christmas holiday period. The Baltic Indices reflected this mood with the Dry Index (BDI) down nine points to 1,334, the Panamax Index
      Bridge News,; Reuters  -  290 words
    • 260 29 mmmmammmm »c» *h M CWT Distribution LIS -0-04 70 ounHw 0J9 -0.01 locn OKI HWtlUlt—109 -0.05 M Fretatt Unks 0.28 unch >4* OSHoktogs 0.83 -002 HaiSwiHup a77 -0.02 *43 MCHaMbigs-H«—5.60 inch 0 jiyi HoWktos 1.10 *0.03 162 Juronq Shipyard 8.10 aiS 79 MwJCo) 3JK3 0.02 99Z7 KeppalFELS 127
      260 words
    • 410 29  -  Singapore port equipment maker breaks into Latin American market By, Ann Toh [SINGAPORE] Home-grown port equipment maker Portek Systems and Equipment has successfully cracked the promising Latin American ports market by clinching two crane modernisation contracts worth 556.3 million from the Panama
      410 words
    • 100 29 (SOUTHERN OCEAN, Antartica] Members ofenvironmental group Greenpeace attempting to prevent what they describe as an illegal Japanese whaling operation by the Nisshin-Maru inside a whale sanctuary on Monday. Spokesman Dima Litvinov said activists in two inflatable boats were sent to interfere with a catcher ship
      REUTERS  -  100 words
    • 125 29 Xinhua IHAIKOU] Another ferry operation in China's southernmost Hainan province has been suspended for safety violations. A safety inspection team under the Ministry of Communications has suspended operations of the Zijing No 6 ferry. This makes it the fourth suspension issued to the province
      Xinhua  -  125 words
    • 372 29  -  State agency accused of failing to develop commercial fleet, colluding with shipowners in creating bareboat shipping cartel From, Alec Almazan in Manila THE Philippine Congress may investigate the Maritime Industry Authority (Marina) regarding its record in developing the country's overseas fleet and the alleged collusion
      372 words
    • 203 29 [SINGAPORE] Greece remains the world's top maritime nation, while Singapore improved on its previous showing and was ranked the 11th most important maritime nation in the world, in a report by the United Nations Conference on Trade and Development (Unctad) In
      203 words
    • STRAIT talk
      • 845 30  -  DAvm hughes ponders over the lessons to be drawn as he looks back on 1999 DAVID HUGHES jo we M approach 1 the end of another year, i Ever forL W wardBL W looking, Seafarer intends to devote next week's column to crystal ball gazing.
        AFP  -  845 words
    • 284 30 PACE ECl 4 •AIM. J ECU Line 6 Accord 8 ESP Lines 13 Ahrenkiel M Evergreen i Appenship 5 Foon( > Sun 8 AsiiOCL 13 Frt links M Austral 8 G L Avant M Omartrans 6 B'tang Mas 8 Genshpg 13 j Global 13 BTl M Glory
      284 words
    • 19964 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Name Mime Number Number SIN Dest'n Name Name Number Number 01/01 22/01 Hanjin KAMA BHUM an 65-*****35 I To ABIDJAN (ABJ) 2003 Cote D'lvoirc oo/oi 02/02 pil bunca kenari 3*3 65-32*824
      19,964 words
  • Page 29 Advertisements
    • 17 29 Strait Talk Seafarer takes a look back at this year's events in the shipping industry. Pg 2
      17 words
    • 405 29 Developing and Expanding Brunei-EAGA High Tech Just-In-Time Logistics Services Centre The Ministry of Communications is now inviting global players for a long term partnership (10-15 Years) in the development of the Brunei-EAGA High Tech Just-In-Time Logistics Services Centre Potential in Cargo Logistics Services Business of 850,000,000.00 turnover. This project is
      405 words

  • Page 30 Advertisements
    • 1211 30 I NORTH AMERICA ~1 I EXPORT I I OTHER DESTINATIONS ~1 MX SUPER SHUTTLE EXPRESS DIRECT TO LONQ BEACH II WEST COAST OP CENTRAL AMERICA (MARGARITA SERVICE) Ivor I'ffilSi irosw iflwiuot miias Houston okagq www nbocqott w» vot j| aw rra»rm| acamia san umboo to—to w qua* mmawwma jAMjA<Mg_ im
      1,211 words
    • 518 30 /dfeIPPZ LINES SEE OUR COMPLETE SCHEDULES ON FCU >o I l«fi MM H.ll 15.11 74.17 31.11 QUI 0101 111 PIT >7JI 0101 uvAotioGt ism 7117 «4ji *a uffusu mw on n.n own 7ii7 iui 0101 Q7Ji omi m wji MUTSMMBGi 47M M.ll 07 J1 QUI O-OI QUI ia BAGWOUA UN
      518 words
    • 150 30 Unes services represented u f/4SkX\ by Members ot the Registry <V Memtoari o) the iiigpl) Accredited Shipping Agents. Singapore Freight Forwarders S'pore National Shipping Aaeoc AaaodaHon. ULY UNE MALE Ivissil VOY ETA nM TIW P. KLANC SfOtE MALE Princess Lily V 1199 19/12 23/12 30/12 Empress Lily VOlOO 09/01 11/01
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    • 1056 31 TO EUROPE FROM EUROPE vcsa vot i«miwiH«ißviOMmnH| Ivpsa vot j rtri mi haw irv sou fit sw MXARUZONnt 024W 23/12 >5/01 IJ/01 13/01 10/01 HT COMMODORE 322E 04/12 01/12 02/12 21/11 23/12 lAIONK 531W 24/12 01/01 11/01 14/01 15/01 MY OUU 3211 02/12 04/12 07/12 01/12 25/12 HTGHBtAL 322W 27/12
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    • 1964 31 ®(iiliwr W»k* Hrtfar HANJIN SHIPPING jik I-1 4 HsMrilw -Mb *****30 hahwh shipping (S) m iTD womc *****3s 237 saus *****24 231 potman *****/1 2m ofaunoß cmbmsi turn im 222 ms m ******0 amo i i s3<»3mom TO NW USA A CANADA USA CANADA* hm vsi/voy 1 iab I sm
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    • 400 31 FULLY CONTAINHIIiP P 1 PII C A TIP SHVICRI Ktssa m_ _yjj_ m wr so _hk_ jb__uai_ _ws_ »or 1 sin i pug infl AO UP 0240 11/12 IS/12 17/12 jjfl j j j ljjy]|| js| OtKCffiill>6 017S 11/11 14/11 PITH IS/11 JO/U 21/11 H/11 14/12 ItArrCHOOtfcKOWG 017S I 10/121
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  • Page 32 Advertisements
    • 1562 32 MR-SENATOR LINES TO UK/CONTINENT TO MEDITCRRANEAWCANADA wit aw lbi iw w hoi im an «sstt vot m pit to iu wi THAKETEMNTY MMW 2712 ll.tl ltd 1( B1 17 r IMI LONOON SENATOR OM2W 2312 HBI 1111 13*1 15 01 22 M HMUM MM FRANCISCO OOlbW 2112 14 tl 1111
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    • 1816 33 [vessel vov khh hko sin pko pqb pxb pmm ba bwc IRAN TEYFOURI PCL-133 15/12 17/12 21/12 22/12 31/12 01/01 02/01 04/01 06/01 IRAN TAKHTI PCL-001 22/12 24/12 28/12 20/12 07/01 06/01 00/01 11/01 13/01 IRAN BAABAEI PCL-135 20/12 31/12 04/01 05/01 14/01 15/01 16/01 18/01 20/01 IRANSEESTAN PCL-136 05/01
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    • 1152 33 W.E.F. 20 DEC 99 EVERY MOMMY 1 TO LONOBCACN -19 DAYS I MYS^I I GENCIAL AGOHS ft SINGAPORE: M ROMNSON R9 TEL 226 1900 FAX: *****08 OUTWARD (l/L) :«OsIo^ToHCMOfHa!"™ l, ~B COSTAR SHIPPING PTE LTD #12-00 SALES/BKGS *****57/43 inward DFPT (D/ 0) *****85 COSTAR AGENCIES SDN BHD CI WO: 117»7»*****«
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    • 825 33 EUROPE EXPRESS SHtVICE EXPORT IMPORT vessel yoi yn_ Ltti _m. am ham Wfv fUL. vissa Ivor jm [nam urn la MHiaMi 1 fill! IMWMCAKOI3 TO t HKMfc una WaBmAVtN. lIOKOW. STWHKMK YM HAN 71 ANTWBf VIA«■ TRANSPACIFIC SERVICE EXPORT NUT/SON IMPORT -HJ Mime ran- ra WG 13/11 iwwvmi VESSEI VOY
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    • 1396 34 EUBOPEAJK/SCAWOINAVIA/FINLAND/BUSSIA SGP ROM ANW HBG THP HE LHV LHV THP RDM ANW HBG PKL SGP I. DIAMONO RW-811 25/12 13/01 19/01 15*1 17/01 18/61 19/01 E ROYAL RE-045 02/12 04/12 03/12 05/12 17/12 20/12 27/12 i DELUXE RW-013 01/01 20/01 2*ll 22/01 24/01 25/01 20/01 E REACH REO2S 0912 11/12
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    • 762 34 risSSpil PACIFIC INTERNATIONAL UNES (PTE) LTD A SSSSfirMMM 140 Cecil Street #03-00 PIL Building, Singapore *****0. I CR NO **********06 I IIYISSIi VOT rw TTf. STP Mft ty» Itl AtH m r«c IMI I I iMMUTBUTJUI *****/17 I 27/17 I 1/1 A/1- 11/1 1//1 11/1 I >uh6aTHlaTaj 4 H847 ht'/u
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    • 433 35 BSfl n. mm MYANMA wBBk FIVE STAR LINE (MyaMrar National Um) loading for Y a agon (Rangoon) vbsu voy sin nt m mil PAGAN 273W SIB MAWUMTBK I7W 23/12 MAIAYSIA AGENTS: lOUSTIAD SHPPMG AGENCKS KIIL TH (03)*****00 PRL TH (03) *****01 rot m (04)*****02 PGU: TH (07) *****21/4 BANK LINE
      433 words
    • 1219 35 HMN^ HYUNDA^AERCHANTJWARJNECCX^TD^^^^^^ [VBSH VOT Ml' SOU I IB! UM ANT NAM 08V IE [VBSE VOT I SOU lUN BE AWT HMR 08V FH r'siTl MX.AMA2DMT! 024W 23/12 10/01 IS/0112/01 13/01 NT COMMOOORI 322E 24/11 04/12 01/12 02/12 23/12 lALQBE S3IW 24/12 14/01 IS/01 04/01 11/81 NT MRU 3721 01/12 00/12
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    • 1035 35 WALLENIUS WILHELMSEN TO NORTH AND UTIN AMERICA "CAR RORO HEAVYUFT SfRVKI' |VISSfI VOT RAMP MMT SIM UX 31 MU SAV BAL ORF NYC NTW MOB TARONGA AHOOI 400 Tom 6.3 M 26/12 25/01 03/02 04/02 01/02 *****~TT70r 13/02 *****" 11/02 TAIKO AHOO2 400 lon 6.3* 13/01 10/02 17/02 20/02 22/02
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  • Page 36 Advertisements
    • 745 36 MNOKOK/MA> TA PHUT/LAH CHABANOI JAKAWTA/MM JAMO VESSEL VOY SIN BKK MTP LCH~ VESSEL VOY SIN JKT PJN YANTRA BHUM 322N In Pt 28/12 2S/12 GURU BHUM 161S In Pt 24/12 28/12 NANTA BHUM** 475N In Pt 2S/12 26/12 BANI BHUM 138S In Pt 26/12 MATHU BHUM 446N 2S/12 28/12 28/12
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    • 322 36 INDONESIA NATIONAL LINE TO AUSTRALIA I FULLCONPUNP»VICE ww m m m m sw m. m m. m irnvarr m is/11 B/n tf/iiw/n si/ii MBMt 1b" n/11 ivii «7»T B/ii wr msumi m/M B/ti" ii/»i iyii PIONBmW B/H 14/11 It/11 U/tl 21/11 FEEDER SERVICE TO INDONESIA tu ru-nt ru-rre UWHMUM (JOB
      322 words
    • 748 36 Ivfsms VOY r»TT PKL I JH) I MLA L&l HTM MAM ZEE SOT VELEPEMB4OSA V3WW 22/12 23/12 31/12 OWH IQPI 12AM 13/01 IMH WW VILE OE TANYA T3B<M 2*12 30/12 Q7AM Qjj 17/01 10/01 20Q1 21/01 23AM VEIEOE TAURUS A3BW 06/01 OWI 14AM 19AM 2WI 28/01 27A01 gg 3CVOI V-LE
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  • Page 37 Advertisements
    • 52 37 FAR EAST EUROPE tpngCyKYOWA LINE I Direct Breakbulk/Container/LCL Service to Manila/Guam/Saipan EAST USA Agents: V-Grow Shipping Pte Ltd See Page 7 Daily FULL CONTAINER EXPRESS SERVICE Wallenius T -roc Wilhelmsen Turn To Pg 5 New Europe To [B MIDDLE EAST/ S.E. ASIA service China Shipping (S) Agencies Pte Ltd p
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  • Page 39 Advertisements
    • 51 39 Dial 740-6000 on demand (Retrieve more schedules!) Press "1" JCV Select the port and key in SiBJ the four digit code eg: To New York (NYC) 2275 s j£) Key in your fax number I __JF± ST^»|Enter your phone number Another innovative service offered by The document Will be Shipping
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  • Page 41 Advertisements
    • 781 41 SSAMUDERA SHIPPING LINE LTD 72 Anton Rmhl, #06-01 t« 03, Singapore *****1 MAM UNE/OUTWMO: 532 36M INWARD {040): 437 23*1 IMPOtT STATUS (MD): 437 7371 MVUfTOCY (040): 437 2420 Wobaito bHp://www.MMMlora.<o«i CI MO. **********00 BOOKINGS UNE: 535 6266 (C»lio/J«ssica/Mei Chon/J«slynn/Doro/Honim) D32HS3EHH ssigs/whuy QQQBQQH astcs/wuiT [VRSa YOT I SW JAK VtSSti
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    • 1017 41 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO pig I sin jkt suo |ow pop cm» oow hai |im I <** |W I TAM I tfflJ HOEGH IiBW /00S4 10/12 24/12 27/12 20/12 00/01 04/0) 10/01 10/01 16 02 21/02 73/07 20/02 01/03 07/03 HQKH HMi /QSS4 13/01 H/01 20/01
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    • 575 41 hi"B ENG LIE SHIPPING CO HI UD I let: 5330(75 (4 Umi) Fw SUNH/SIIHM I T ci mmimic vissa vor smfta snetv KsrawnoN SmCtnM 17/99 18/12 22/12 Duno/f Boti/fWag Decwtuegos 7/99 19/12 20/12 Surafaoyo S*» 20 9/99 20/12 21/12 ktoK Gondc 111 11/99 20/12 20/12 Jotono UwSft. 22 8/99 20/12
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  • Page 42 Advertisements
    • 607 42 B IMI LH I I rnKSSSSIMmBESSaBM vessel voy sin maa sin ITIGER RHYTHM 759N 21 22/12 2fr3o/12 04-05/01 I TIGER BRIDGE 760N 24 25/12 3002/01 07 0&01 CAPESORRELL 761N 2&29/12 02 0&01 11-11/01 TIGER ARROW 762N 02 0Zt)1 0609/01 14 15/01 TIGER RHYTHM 763N 04-05,01 09-13/01 18-19/01 TIGER BRIDGE 764N
      607 words
    • 935 42 FREIGHT LINKS EXPRESS I Tel: *****11 Fax: *****77 E-mail: Flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MANZANILLO SAN ANTONIO CEBU ISTANBUL MEXICO CITY SANTOS VALPARAISO IZMIR NHAVA SHEVA XINGANG SUVA NOUMEA MALTA SANTO DOMINGO PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING PROJECT SHIPMENT
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    • 1316 42 For booking ietqmy con *****50 /JtV Q W«W»«: VV JWr WOtm AMI itCA USA i »f* <i jg Lt« oil MEMNYCHOU I li—Tt ki im HOD Id v OOQ CASTORISESS2 MfT 07/01 12/01 13/01 13/01 12/01 00(1 UIWN 71WV41 30/11 01/12 02/12 03/12 01/12 24/12 OOQIRWIN 30CS3 21/12 14/01 11/01
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  • SHIPS IN PORT
    • 813 43 Voy Mo Berth Arrival Departure P» 2509 3012 21/12/6:45 22/12/7:00 CG 452 R*|94 J03 2V12/7:10 21/12/1700 C6 *60 Bel94 J03 21/12/7:10 21/12/17 00 CG C70 Ret94 J03 21/12/7:10 21/12/17 00 BtBtJaya ***** J01 21/12/8:15 21/12/1815 Chenchieh 8 T***** J02 21/12/8:00 22/12/21:59 C Success 21OCC J09 21/12/9:10 21/12/1600 Marcopoto
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    • 1962 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Wr NrMi Fw To Fron ACt C0«m *f«04H 23/17 JO 20/1500 20/H5* 20/1W a n/iToo i/o»5i /vow 2* 20/1700 21/0659 21/0*00 3 MM 21/m* 2I/M00 4 MM 21/149* 21/1700 APISP1WI 01M 22/2000 20/1500 20/1451 20/1W
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    • 216 43 Dec 23 Japan: Emperor's Birthday. Deo 25 Italy: Christmas Day. Brunei: Christmas Day. Australia: Christmas Day. Belgium: Christmas Day. Canada: Christmas Day. Denmark: Christmas Day. France: Christmas Day. Germany: Christtpas Day. Hong Kong: Christmas Day. Indonesia: Christmas Day. Dee 31 Australia: Boxing Day. Canada: Boxing Day. Denmark: Boxing
      216 words
    • 808 43 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on average sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      808 words
    • 508 43 Carbon 180 Mn 992.1 2J 18.1 0.11 79 0.09 Dk M Density Water In Mm Ash ANmMmi Sediment No abow £25 6 1 19 1 0 0 380 Aw 984.3 0.5 0.4 0.06 31 0.02 Cum 380 Max 990.7 14 15.3 0.08 67 0.04 it/iri %lft
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  • Page 43 Advertisements
    • 35 43 I Sailing Schedules,' to Asia More, j Any destination, any time. 24 hours a day in the Shipping Guide Fax-On-Demand hotline 740 6000. j Another innovative service offer e d by I HKBI>'INKSSTimes 1 SiiiiM>i\(;Ti\ii:s
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  • AIR & LAND transport
    • 334 44 UA, BA, SIA among those who fonnd facilities, services wanting AFP [SYDNEY] Some of the world's major airlines have blasted Sydney's airport as inadequate and its managers arrogant, just less than a year before it is flooded by Olympic visitors, a newspaper reported yesterday.
      AFP  -  334 words
    • 319 44 [ARLINGTON, Virginia] US Airways Group flight attendants have voted 99 per cent in favour of giving their union leaders the option to call a strike, though the workers are still legally prohibited from walking off the job. Of 6,662 valid
      319 words
    • 276 44 Reuters [HONGKONG] Hong Kong Air Cargo Terminals Ltd (HACTL) said yesterday it has asked cargo agents to minimise the amount of cargo held in its Super Terminal 1 for the last week of this month. It said in a statement that it
      Reuters  -  276 words
    • 394 44 AFP [NEW DELHI] Indian civil aviation authorities on Monday test flew a passenger aircraft with Y2K-compliant computers onboard and said the exercise was a success. The aircraft, an Airbus--320, flew without glitches as its pre-programmed computers rolled over from Dec
      AFP  -  394 words
    • 415 44 Move will cancel US Airway's right to 3m Sabre shares Bloomberg (FORT WORTH, Texas) Sabre Holdings Corp, which operates the world's largest travel reservation system, said it will pay US Airways Group about US$Bl million (*****.6 million) to cancel the airline's options
      Bloomberg  -  415 words
    • 67 44 [BUDAPEST, HungaiVM Hungarian railway worker reading a daily newspaper at the Eastern Railway Station in Budapest on Monday. Hungarian railway workers went on a nine-hour strike as they protested for higher wages. The three representative railway trade unions demanded a 14 per cent increase in
      AFP  -  67 words
    • 320 44 Bernama [KUALA LUMPUR] Twin-engine jetliners have been found to be more efficient than other types of planes as the former have fewer diversions (unscheduled landings at alternate airports) or turnbacks (returns to airports of origin), says an official of Boeing Commercial Airplane Group.
      Bernama  -  320 words
    • 1582 44 CITY FUGHT HA OI6W ETD C23S1 2045 S0804 1015 MM* **8230 IW5 M VN741 1310 VNS0742 0905 IH6381 1905 S0VW176 1035 S0230 1905 1410 Aaatartaai ****** 0525 U.0838 2335 "**9* *W< J™ IM92 0735 0*075 mo AH4328 2345 T6407 1545 T6408 1645 IU.0837 1535 S0328 2345
      1,582 words
  • Page 44 Advertisements
    • 81 44 Modern Fleet of 27 Marine Vessels Purchase cost (1995/6): Over $120 m HK. 7 x Drab Dredgers S x SpMt Hopper Barges x Flat Top Bargee 5 x Derrick Bargee -3 x Motor Tugs Available now... Located in Hong Kong, Singapore A China... For mora information/brochure contact Stephen Speira on
      81 words