The Business Times, 18 April 2000

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Total Pages: 50
1 50 The Business Times
  • 14 1 THE BUSINESS TIMES MITA^P>-03sn2T^ea 85C SINGAPORE Internet: http: business-times.asial com.sg/ TUESDAY, APRIL 18, 2000
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  • 66 1 sn 1999.39 (-190.37) BT-SRI 745J6 (-58.86) SIMSCI FDTTOES 269J0 (-19.80) STOCK MARKET INDICES Monday Change KLSE COMP 874.97 -5614 NIKKEI 19,008.64 -1,426.04 HANG SENG 14,***** 1,380.39 SET INDEX ***** -21.57 JAKARTA COMP ***** -27.63 MANILA COMP 1,***** -75.00 TAIPEI WPl 8593.68 +126.88 SEOULCOMP 707.72 93.17 CliSA CHINA B
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  • 83 1 FOSEX BATES us# ss US$ 1.704 £(IJS$/S« per 1.589 1709 EUROtUSS/SS/E) 0.962 1.640 DM 2.033 0.838 YEN 103.4 1.649 RM 1800 0.449 HKS 7.788 0519 BAHT J7 89 0.045 RUP1AH 7,670 0.022 •St to iCO units PRIME BATES SINGAPORE* 5«0 Kl'ALA U'MPl'R 7 67 JAKARTA .3900 BANGKOK 3M MANILA
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  • 1009 1  -  Market cap whipped down to Nov 1999 levels; STI back to Jan 3's 1,999.39 Ven Sreenivasan [SINGAPORE] The Singapore bourse yesterday received one of its worst-ever thrashings which wiped out $26.3 billion from stock values in a single session, bringing the market capitalisation back
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  • 864 1  -  But call faces strong opposition from financial analysts From Anthony Rowley in Tokyo JAPANESE politicians showed signs of panicking yesterday after the Tokyo stock market plunged by nearly 7 per cent, urging the government to mobilise one trillion yen (5516.5 billion) of
    FILE PHOTO  -  864 words
  • 689 1  -  DBS Land and Pidemco to hold joint review of operations By 1 Kalpana Rashiwala [SINGAPORE] After spending 11 years building up DBS Land, deputy chairman and group chief executive officer Han Cheng Fong steps down today. Replacing him in the CEO
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  • 139 1 Reuters [NEW YORK] American blue chips and tech stocks rallied in late morning trading yesterday amid a volatile mix of margin selling, bargain-hunt-ing and upbeat earnings reports. Clawing out from one of their worst weeks ever, the markets, which tumbled on Friday on fears of
    Reuters  -  139 words
  • Page 1 Advertisements
    • 63 1 INSIDE Top stories SIA gets nod to buy 25% of Air New Zealand. Mmxt Pmgm Singaporeans to get more shares in GLCs. Hmxt Pmg* Chartered Semicon postpones secondary offering. *4 Ikea-UOB credit scheme charges 9% pa interest. Pg 10 German, British stock exchanges likely to jtfjfcrge. Pg 18 t BT
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    • 30 1 INSIDE Hock Lock Siew: Tech stocks rout: it's the same old story, after all, Pg6 Editorial: Crunch time for the Fed, Pg 14 2 pages of market reports, Pg 6,7
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    • 7 1 v 5P w HI m r -»v
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    • 46 1 How low can the STI go? The Straits Times Index ended at 1,999.39 yesterday its first close below 2,000 points since Oct 27. Will it fall further or will it bounce back up? Tell us what you think in our online poll at http:/ business-times, asial.com.sg
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  • NEXT page
    • ON THE grapevine
      • 56 2 OF the 80 Internet companies that listed on US stock exchanges like the Nasdaq this year, nearly half are trading below their issue prices and 90 per cent are trading below their first day close, reported Businessweek magazine in its latest issue. With the recent fall on Nasdaq,
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      • 102 2 IN the midst of the market tumble, John Schofield, a technical chartist, maps out the road ahead. Hongkong-based Mr Schofield, who is with Prudential-Bache Securities, said yesterday via e-mail that unless you think there is another major bear market coming (unlikely so soon after the last one),
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      • 83 2 A BT journalist saw another dimension to yesterday's global stock market crash. He was supposed to have dinner with a friend from overseas, but she called in the afternoon to cancel the dinner, apparently in a state of panic. "All my stocks have crashed," she sighed, "and so
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      • 48 2 WE have heard of 828 (business-to-business) and B2C (business-to-consumer) e-commerce, but what about G2G? According to an ex-IDA (Infocomm Development Authority) staffer, it's a commonly used term within the organisation and refers to government-to-government agreements such as high-speed data network linkages between Singapore and other countries.
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      • 47 2 WE received copies of the "Journalist Satisfaction Survey" from Microsoft Singapore yesterday via the post. Given Microsoft's current plans to provide high-tech wireless network connectivity at its Redmond, Washington, campus, one wonders why the company chose to send out paper surveys through snail mail.
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      • 129 2 IF the Singapore Technologies group wants to be taken seriously as a private company, as opposed to an appendage of the government, it has to change its way of writing press releases. Take this statement issued yesterday: "Singapore Computer Systems Limited (SCS) announces that Brig General
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    • 524 2  -  SIA now has &3% stake; remaining 16.7% expected to come from Brierley By< Conrad Raj [SINGAPORE] After weeks of speculation, Singapore Airlines has finally been given official approval by the New Zealand government to buy 25 per cent of
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    • 788 2  -  Govt considering ways to divest its stakes for public distribution: PM Fromi Quak Hiang Whai in Hongkong THE Singapore government is thinking of ways to further divest its holdings in govern-ment-linked companies, including putting them under unit trusts for distribution to the public,
      AFP  -  788 words

  • Page 3 Advertisements
    • 257 3 Mor ga" Stanley Dean Winer &Co Kttw 7 I Slll ■>"*;■. <-'■ v; "*LT •<«je«^®MH»'r* E is-.,n-#"" ~i *J.''^Ai^^^^lfflHHl s r, > r i i t TiMfcii ilnßfl^Bi 'i'- 'IS-' .»r ''<^*J^BK^»qH|^^H BKSlfsa*»:^ V, A > 4,":: rc«j£fcßSM ,-:fe SS f V ~*^;V'You have a feeling this may take more
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  • Page 4 Advertisements
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  • SINGAPORE companies
    • 355 4  -  k fiVi >7:T»T fall-out Analysts say current market conditions can't sustain prospective PE By, Jennifer Lien CHARTERED Semiconductor Manufacturing, the world's third largest foundry, has postponed its planned secondary offering due to the current weak stockmarket conditions. The stock yesterday fell $1.80 on the Singapore bourse
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    • 195 4 PARKWAY Laboratory Services' initial public offer has notched up a subscription rate of 5.2 times. "We are very encouraged by the public response to our IPO despite the current weak market conditions," Tony Tan, Parkway Lab chairman said yesterday. The subscription rate was better than
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    • 185 4 It will decide tomorrow whether to branch this month Reuters NATIONAL carrier Singapore Airlines (SIA) has delayed launching its roadshow for the initial public offerings of two of its subsidiaries due to the plunge in global stock markets, investment banking sources said
      Reuters  -  185 words
    • 369 4  -  Shares fall from the start to close 3 cents below offer price Byi Andrea Tan ONG Asia Ltd floundered on its trading debut yesterday, closing three cents below its initial offer price of 39 cents as the broader market took a severe beating. The
      ARTHUR LEE; Source: Bloomberg  -  369 words
    • 265 9 SINGAPORE Telecom's subsidiary Sing Tel Yellow Pages (SYP) is expanding its regional network with plans to take a 25 per cent stake in Thailand's Teleinfo Media Company Ltd. SYP yesterday said it has extended a six-month convertible loan of 480 million baht
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    • 297 9  -  It will in vest in firms with potential for restructuring, M£As By < Carol Eng KEPPEL Insurance yesterday soft launched a new fund to capitalise on the global trend of mergers and acquisitions. Called the Global Mergers and Acquisitions Fund (Global M&A
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    • 436 9  -  Public offered 17.2 m shares; placement tranche has been oversubscribed By, Joyce Koh AMIDST uncertainty in the stock market, Food Empire Holdings Ltd yesterday launched its initial public offer of 86 million new shares at 13 cents each
      FILE PHOTO  -  436 words
    • 305 9 ECON International and BBR Holdings, trade creditors of Tong Tien See Construction (TTSC), yesterday said they would not be materially affected by the latter's recent filing for judicial management. They said they had low priority in terms of recovering the sums owed
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    • COMPANY Briefs
      • 109 9 Reuters [LONDON] Singapore Power intends to launch a debut US$3OO million (Sssll million) five-year bond today despite increased nervousness in equity and credit markets that has sent borrowing costs higher, bankers said yesterday. "The books are growing nicely so the deal may take shape tomorrow,"
        Reuters  -  109 words
      • 43 9 DBS Bank has transferred its 48 per cent stake in Insurance Corporation of Singapore (ICS) to parent DBS Group Holdings (DBSH). DBSH wholly owns ICS now. The transaction has no material financial impact on DBS Bank or DBSH.
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      • 75 9 BLRGER International, which had a $15.5 million net loss last year, said yesterday that its majority shareholder Ariza Holdings has agreed to provide a $10 million bridging loan to help ease the paint company's cash flow as it attempts to wipe its slate clean. Hie
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  • Page 5 Advertisements
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  • MARKET jitters
    • 555 6  -  locksiew r sivanithy IT was supposed to be different this time. At least that's what the experts wanted us to believe that unlike previous speculative bubbles (whether it involved real estate, Dutch tulips or Cabbage Patch dolls), this time was
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    • 420 6  -  SINGAPORE Dotcom counters fall an average 15%, bnt falls mild compared with those in region By, Jennifer Lien IT was D-day for dotcom plays here yesterday as Nasdaq's biggest-ever single-day plunge last Friday caused investors to dump New Economy stocks. Dotcom
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    • 610 6  -  KUALA LUMPUR By. Eddie Toh THE deadweight of technology stocks, though only a handful, was apparent yesterday when the Kuala Lumpur Stock Exchange Composite Index plummeted 56.24 points or a hefty 6 per cent to 874.97 points in the wake
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    • 487 6  -  SINGAPORE Analysts say banks' slide makes them attractive investments again Ry\ Siow Li Sen THE shares of Singapore Press Holdings and the Big Four banks were not spared yesterday's stockmarket bloodletting despite being firmly anchored in fundamentals. "Everything comes back to
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    • 661 7  -  LONDON Worst falls in first half-hour, with London, Frankfort, Paris tumbling By Neil Behrmann LONDON and European markets pared early losses on the back of an early bounce on Wall Street as investors took heart from the twin recoveries on the
      AFP  -  661 words
    • 851 7  -  HONGKONG Investors dump both Old and New Economy stocks; market at lowest level since Nov Meera Tharmaratnam THE Hongkong market yesterday collapsed to its lowest level since November, as investors woke up to the unpalatable truth that Internet stocks may be
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    • 157 7 Vis we lookforward, we are still very comfortable with the mainline technology companies, those primary companies with fabulous product development, revenues and earnings.' Goldman Sachs investment strategist Abby Joseph Cohen speaking on CNBC after Friday's sell-off 'The darkest hours are just before the dawn, but we're quite
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    • 388 7  -  TAIPEI By. Macabe Keliher WHILE regional markets tumbled, the main Taiwan bourse rebounded 1.4 per cent as investors moved in strongly on good buying opportunities after heavy losses on Saturday. Also boosting sentiment was a report which said stateowned funds may support
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    • 434 7  -  JAKARTA Limited number of Internet counters prevents a bigger fall By\ Shoeb Kagda INTERNET stocks led the way yesterday as the Jakarta stock market headed southwards with investors selling across the board after the Dow-Nasdaq debacle last Friday. But even as the half
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    • 216 7 NEW YORK Bloomberg THE Standard Poor's 500 Index is likely to finish the year about 15 per cent above Friday's close, Goldman, Sachs Co investment strategist Abby Joseph Cohen said yesterday. Ms Cohen reiterated her forecast for the S&P 500
      Bloomberg  -  216 words
    • 392 7  -  MANILA By Al Labita TECH stocks including Singapore Telecom's listed Manila unit was among yesterday's biggest losers as panic seized the market following Friday's bloodbath on Wall Street. Globe Telecom, SingTel's joint venture with listed conglomerate Ayala Corp, dived 10.17 per cent to
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  • Page 6 Advertisements
    • 47 6 IN DESPAIR jHn^^ REUTERS jg .Stoc/r brokers and retail investors in Asian markets t yesterday can only match helplessly as prices dive *f At across the board in the region !jeI in response to Wall Streets HHMjr H plunge last week. ■LII1 J.t i If m^TjWWgitu AF
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  • SINGAPORE markets
    • 476 8 Stock* Volume OngAsia 10c 27,830,000 Media Ring 10c 17,037,000 GES Intl Ltd 20c 14,370,000 NOL 13,907,000 STEngg 10c 12,660,000 AirOcean 5c 12,638,000 SingTel 15c 12,436,000 Vckers Capital 25c 11,661.000 Jurong Tech 10c 11,636,000 IPCCorpn5c 10,004,000 Stocks PadficCentury 81.924,810 DBSGip 68,811,958 UOB 67,368,682 Chart Semiconductor 26c 56,509,390 Datacraft 10c 45,331,073 OCBC
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    • 563 8  -  I comment STOCKS r. sivanithy THE New Economy has promised a lot over the past few months but when it came to the crunch, it just couldn't deliver. Although this was perhaps not totally unexpected, what was disconcerting was that its
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    • 205 8  - Stay away from Guthrie warrants for now WARRANT WATCH By R Sivanithy ONE of the few stocks to escape yesterday's whitewash was Guthrie, which rose 2.5 cents to 37.5 cents. What's interesting is that the Guthrie warrant actually fell. Let's take look at the numbers. The warrant, which has a
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    • 257 8  -  HOT STOCK By Wong Wei Kong ON a day when most shares fell as the market plunged, shares of Poh Lian Holdings finished as the top gainer and among the handful of stocks that closed higher. Poh Lian shares rose 4.5 cents or 8.1
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    • 147 8 ♦NEW Toyo International Holdings will be holding an EGM on May 9 at Albizia 1, Jurong Country Club, 9 Science Centre Road. FASTECH Synergy will be holding its AGM on May 9 at 10.30 am, at Pinetree Town Country Club, 30 Stevens Rd. PAN United will be holding
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    • 342 8  -  TTT comment CURRENCIES larry wee THE Japanese yen was the clearest winner in Asian currency trading yesterday, in an otherwise mixed session for the greenback after major US stock market indices suffered their biggest-ever falls last Friday. Lifted also by
      Source: Reuters  -  342 words
  • Page 8 Advertisements
    • 323 8 |y ma N n G age°ment Wharton-SMU I WhaftOll university conference University of Pennsylvania Internet Technology Companies from Valuation, Financing to IPO I Welcome Address Main Sponsors MR. UM SWEE say State (Communications Information Technology and Trade Industry) 4i»Warburg Dillon Read Professor Tan Chin Tiong Q p ANK Provost, Singapore
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    • 26 8 Access to IPO placements. Just one more reason to icn DBS investor Online Call us at 323-3955 to find out °~c r e 83 DBS BANK
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  • Page 9 Advertisements
    • 86 9 Speaker: Mr K. Chettiar 9. ft J B.A (Bus), LL.B (Hon) London, LL.M (S'pore) Thursday, 20 April 2000 at 7.00 pm SIC Seminar Room DIPIDMAmWW BACHELOR of LAW The Diploma in Law is the equivalent of the first year of the LLB (Hons) external programme. The Bachelor of Laws is
      86 words
    • 118 9 Group =Bmffßmss Business Information Specialists every second'cVunts Indonesian Debt Restructuring and asset sales Grand Hyattjakaita, 19 April 2000 Dr. Emil Salim Chairman, National Economic Council (DEN) IBRA Team Senior Restructuring Asset Sales Experts John Dodsworth IMF Country Representative Charlie Taylor McKinsey Company Partner Morgan McGrath Regional Managing Director, Southeast Asia
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    • 168 9 Effective Project Management... Henley Management College is a leader in the field of flexible MBA programmes for busy international executives. The Project Management MBA is an exclusive programme that aims to prepare managers for senior positions in project based organisations, whilst enabling technical managers to improve their project skills and
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  • SINGAPORE news
    • 694 10  -  •ti exclusive Charge compares with Courts' 10% for fnrni tore hire-purchase By] Kalpana Rashiwala SWEDISH furniture retail giant Ikea has teamed up with United Overseas Bank to offer a credit scheme to customers charging 9 per cent annual interest. This is expected to
      Source; FILE PHOTO  -  694 words
    • 394 10  -  More instruments to invest in; estates above $50,000 okay By I Conrad Raj SINGAPORE is amending its laws to increase the powers of its public trustees to enable them to invest in a greater number of instruments than are at present permitted and
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    • 391 10  -  By' Teh Hooi Ling MOBILEONE (Ml) and Finland's Sonera Zed will invest up to $20 million over the next two years to jointly develop a range of services both informational and transactional for Mi world, Mi's mobile portal. They will also contribute some 20 staff
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    • 379 10  -  Danielle Yew (Ms) Director (Investment) Ministry of Finance WE refer to Mr Wong Kam Wah's letter entitled "Double compensation, can?" (BT, April 15). The compensation paid to SingTel is for potential loss of revenues due to a change in the regulatory environment, introduced by the
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    • 335 10  -  MAiLirm Chua Boon Hou A MONTH ago, Great Eastern Holdings released its results and they were indeed fantastic. Insurance premiums collected totalled $2.6 billion and, as a result, pre-tax earnings rose a hefty 65 per cent to $143.4 million. With the good
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    • 303 10  -  Denis Distant I REFER to the letter "Night vault for cash deposit half century ago" from Narayana Narayana (BT, April 14) and would like to refresh his memory on the matter. I am certain Hongkongßank which he mentioned used the same type of night wallet
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    • 336 10 MORE than two weeks after the telecommunications market in Singapore was thrown open, the Infocomm Development Authority of Singapore (IDA) is seeking views from the industry and the public on two issues the appropriate regulatory regime in a fully competitive market and interconnection policy.
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    • 288 10  -  oi^n^economy outlook By Anna Teo CONSUMPTION will likely be less of a growth driver in Asia this year. Instead, the region's economic growth will likely depend increasingly on investment, exposing its recovery to risks associated with higher interest rates, says Salomon Smith Barney. In its
      Source: CBC  -  288 words
    • 69 10 THE average age of the OUB board after the retirement of three of its directors this year is 65 years, and not 73 years as incorrectly reported in BT's April 15 article, "Local banks to retire directors aged 70+". The average age at the OUB board compares
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    • 35 10 You can e-mail us at btietterQsph.com.sg or fax us at *****71, or mail your letter to: The Business Times, Times House, 390Kim Seng Road, Singapore *****5. Please give your full name, address and telephone number.
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  • FOCUS property
    • 539 11  -  i= i comment PROPERTY Owner has lost time and money waiting for decision lee han shih TALK about taking your time. More than two years after news that the 59-year-old Cathay Building is to be redeveloped, the Preservation of Monuments Board (PMB) has finally decided
      FILE PHOTO  -  539 words
    • 347 12  -  This compares with 31 hectares in 1999; today, 11 sites totalling 11 hectares will be released By Andrea Tan [SINGAPORE] Some 40 to 50 hectares of industrial land will be available for lease this year compared to 31 hectares
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    • 373 12 Areas range in size from 1,200 sq ft to 4,672 sq ft [SINGAPORE] Those looking for industrial space will be cheered by the pickings available. Some 610 units in three developments will be launched over the next couple of weeks. Some 124
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  • Page 11 Advertisements
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    • 500 11 VtoTEL IN IoHINATOWN h well-located in the heart of the Chinatown tourist M precinct M only 2 minutes walk to People s Park MRT (opening 2002) W dose proximity to shopping centres, food centres and historical tourist attractions 46 self-contained guest rooms with in-room facilities built up/site area: 20,532 sq.ft/8,248
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  • Page 12 Advertisements
    • 369 12 Freehold Residential Site For 3 Bungalows at Holland Park Leedon Jp/ Sommerville On elevated ground Hts The Wilshire In a prestigious bungalow area Tuhp Gdns Short drive to Orchard Road ~7 Holland and Holland Village L N R 0 a Land area: 55,614 sq ft Hoiiandiaj f J fig* (5,166.7
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    • 90 12 Once in a Lifetime f jjBB <* ■HHi MIDTOWN Corner Bourke and Swanston Streets, Melbourne Mixed use complex with 9 storeys of retail and office space (investment opportunity) Major tenants Nike, Coles Myer, Dick Smith Electronics, Angus Robertson and 17 specialty stores For sale by Expressions of Interest Closing Wednesday
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  • eNews
    • 385 13 BOMBAY Reuters MANY investors around the world may have lost their appetite for infotech stocks but fund managers say some Indian firms are ripe to buy as share price falls and earnings potential have brought value into sharp focus. "Software stocks are down substantially
      Reuters  -  385 words
    • 489 13 FRANKFURT Retail, Telekom employees tranche and institutional tranche 20 times oversubscribed Reuters EUROPE'S largest Internet service provider T-Online debuted on the stock market yesterday well above its issue price in a US$3 billion (Sss.l billion) flotation overshadowed by a global rout in technology shares.
      Reuters; AP  -  489 words
    • 450 13 LONDON It aborts yesterday's debnt following Friday's crash FT Bloomberg YES Television, the provider of video-on-demand services, has put on hold plans for its £800 million (552.16 billion) flotation. The company, which was supposed to make its market debut yesterday, reconsidered
      FT; Bloomberg  -  450 words
    • 374 13 TOKYO AFP Bloomberg HITACHI Ltd, Japan's biggest electronics maker, is setting up a new Internet unit with the aim of increasing Web-based sales by five times to 900 billion yen (5514.8 billion) in three years. The Tokyo-based company said it expects to post
      AFP; Bloomberg  -  374 words
    • 267 13 TOKYO Reuters JAPAN electronics giant Sony Corp played down yesterday the risk to its business from export restrictions imposed on its flagship Play Station video game due to concerns it could be used for military purposes. The company could not
      Reuters  -  267 words
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  • EDITORIAL & opinion
    • 755 14  -  CTTT^ bottom line OPINION james wolfensohn The writer is president of the World Bank RECENTLY, a good deal of coverage has been focused on the Meltzer Commission Report on the International Financial Institutions, and what it might mean for the World Bank. Let
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    • 109 14 'It was a victory party in the streets to celebrate the messages protesters are giving to the World Bank and IMF: Enough is enough.' -GregO'Loaghliii a spokesman for the non-governmental organisation Mobilization for Global Justice, on the mood ofprotesters against the International Monetary Fund and World Bank
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    • 630 14 EDITORIAL IF US Federal Reserve chairman Alan Greenspan is taken at his word, then US interest rates will still have to rise despite last Friday's dramatic declines on the US stock markets. But the Fed chairman must now decide on one big question: whether the
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    • 1229 14  -  It could temper red-hot consumer spending and relieve some of the need to raise interest rates By. John Berry The Washington Post IF IT doesn't go too deep, the big stockmarket correction of last week could turn out to be a
      The Washington Post; FILE PHOTO  -  1,229 words
    • 941 14 After the plunge INVESTORS lost more than US$2 trillion (553.4 trillion) in a week. Besides the horrific blow to personal wealth, there is the added threat to the health of the US' overall economy. How important an event Friday's plunge proves to be depends on how
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  • REGIONAL news
    • 325 15 KUALA LUMPUR Analysts SCO NTT buying 10-15% stake, thereby boosting Telekom's viability Reuters JAPANESE telecom giant Nippon Telegraph and Telephone Corp (NTT) has completed its due diligence study of Malaysia's largest telco, Telekom Malaysia Bhd, the Star newspaper said yesterday. Analysts say a proposed
      Reuters  -  325 words
    • 421 15  -  Broker M&kindo offers online trading to catch the tide From\ Shoeb Kagda in Jakarta INDONESIA'S capital markets, battered and bruised over the past four months, will turn the corner after June on the back of rising international confidence, according to a founder-member of
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    • 249 15  -  From i Audrey Tan in Hanoi VIETNAM is committed to maintaining a businessfriendly environment and remains supportive of the Vietnam Singapore Industrial Park. This assurance was given by Vietnam's Permanent Deputy Prime Minister Nguyen Tan Dung to Singapore's Deputy Prime Minister Lee Hsien Loong yesterday. The
      VICTOR CHICK/ LIANHE ZAOBAO  -  249 words
    • MARKET moves
      • 114 15 BOLTON Properties fell 40 sen to 2.34 Malaysian ringgit following its failed attempt to buy a 30.3 per cent stake in Magnum Corporation from Multi-Purpose Holdings Berhad last week. In another strange twist yesterday, MPHB said Bolton and its major shareholder, Lim Yaii Hai, still treat the lapsed
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      • 79 15 GEMTECH Resources yesterday fell RMI.BO to RM8.30, bringing its total decline to about 30 per cent in less than a week. This followed a low general offer price of RM4 to shareholders by Tong Kooi Ong. Mr Tong, who has emerged with a 45 per cent stake
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      • 81 15  -  Compiled by Eddie Toh BERJAYA Sports Toto fell 30 sen to RM7.95 in tandem with the global stock market selloff yesterday. Analysts continued to recommend the stock on the back of its strong earnings from its numbers forecasting business. An additional boost may come
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    • 279 16 HONGKONG Fall lags growth rate which may be in doable-digits Bloomberg HONGKONG'S unemployment rate in the first quarter fell as the city's return to economic growth gradually filters through to the labour market. Unemployment in the three months to March dropped to a seasonally
      Bloomberg; FILE PHOTO  -  279 words
    • 476 16 HONGKONG US' Cogentrix Energy polls oat of USsl.3b project earlier this year Bloomberg CLP Holdings Ltd, Hongkong's biggest power producer, said it will link up with India's Tata Group to develop a US$l.3 billion (552.2 billion) coal-fired project in southern India. Tata,
      Bloomberg  -  476 words
    • 249 16 JAKARTA Ex-president named a suspect in corruption scandal AP INDONESIAN prosecutors may freeze the assets of former president Suharto as investigators continue their inquiry into a massive corruption scandal, a senior official said yesterday. Chairul Imam, who heads the corruption probe, said bank
      AP  -  249 words
    • 270 16 KUALA LUMPUR Reuters MALAYSIA'S Business Focus Group said yesterday that there was a delay in signing a 30 billion Malaysian ringgit (5513.5 billion) deal to construct a 3,640-km railway line on Borneo island due to disagreement over terms. Business Focus and another
      Reuters  -  270 words
    • 139 16 BANGKOK Bloomberg THAI Farmers Bahk pic, Thailand's third-largest bank, said it would reduce its staff by 17 per cent in May, comprising 2,000 jobs, through lump-sum cash payments that would cost about two billion baht (Ss9o million). The early retirement plan, which
      Bloomberg  -  139 words
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    • 415 15 touch with With greener efforts, ■■■mm BASF is committed to a greener Singapore. 4fl| M Bfe- imii ft BASF strives to protect the environment for future generations. BASF is a transnational chemical One such product is Ecoflex®. This As a member of the Singapore company committed to Singapore's is a
      415 words
    • 110 15 I■ I I x D,skPtant FWISIIK I I\ I I Choice I I •Prominent development I I at Eunos Kaki Bukit with I I high visibility I I Minutes away from aE&WmWS. I I Eunos MRT station ™fI I f'ArJ mm. I I •Finishes similar to |V/fl| I I office
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  • Page 16 Advertisements
    • 57 16 The Leading Health, Beauty and Fitness Website in Asia. ezy ho o m i I mmw ■■I 11— \LI -"TT 4 k: f'' V-» 0 rr f v, ;-V; p V;: Check out over 200 health conditions with just one click. Alternative Medicine Fitness Spas Ask the Doctor Medical Resource
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  • WORLD news
    • 369 17 NEW YORK Bank of America also beats forecasts, making 17% higher profit of USs2^4b Bloomberg Reuters CITIGROUP Inc's first-quar-ter earnings rose 49 per cent, as the biggest US financial services company benefited from the record economic expansion. Profit from operations at the parent
      Bloomberg; Reuters  -  369 words
    • 445 17 \i\ lal world bank meetings WASHINGTON Reuters AP RULES that make it harder for individual creditors to block debt rescheduling deals won favour with ministers in Washington last weekend and delegates said they hoped emerging markets would adopt the changes. Communiques
      Reuters; AP  -  445 words
    • 273 17 WASHINGTON Reuters POLICE detained scores of anti-globalisation demonstrators yesterday and hurled tear gas and sprayed pepper to crush protests aimed at disrupting the final day of talks between world financial leaders here. Several thousand protesters gathered from dawn near the International Monetary
      Reuters  -  273 words
    • 201 17 NEW YORK Company gained from brokerage fees, global merger boom Reuters MERRILL Lynch and Co Inc, the No 1 US brokerage, yesterday reported a 70 per cent jump in First-quarter profits to a record, driven by a surge in brokerage commissions and gains in
      Reuters  -  201 words
    • WORLD Watch
      • 84 17 Reuters IUbAKBUKN, Michigan) Ford Motor Co, the world's No 2 automaker, yesterday posted 5 per cent higher first-quarter earnings of US$2.OB billion (553.56 billion) as profits from the robust North American market offset continuing losses from overseas operations. Ford's earnings per fully diluted share were
        Reuters  -  84 words
      • 66 17 Bloomberg [SAN FRANCISCO] Charles Schwab Corp's first-quarter profit almost doubled as clients added US$44 billion (5575.2 billion) in assets and opened a record 494,000 accounts amid a surge in trading. Schwab earned US$2B4 million, or 33 cents a share, up from US$l43 million, or 17
        Bloomberg  -  66 words
      • 90 17 Reuters [MILAN] Veteran financier Enrico Cuccia was reported to be in a stable condition yesterday after his admission to hospital triggered speculation over the future of Mediobanca, Italy's most influential investment bank. Mr Cuccia, 92, who has reigned over Mediobanca and masterminded major deals
        Reuters  -  90 words
    • 411 18 LONDON But opposition mounts over what's seen as takeover of LSE by Deutsche Borse FT THE London Stock Exchange and Deutsche Borse are close to agreeing on a merger that would see London become home to a new market for Europe's blue-chip stocks,
      FT  -  411 words
    • 407 18 TOKYO AFP JAPANESE electronics giant Toshiba Corp announced yesterday that Taizo Nishimuro was being replaced as president after four years at the helm. Mr Nishimuro, 64, said he was becoming chairman of the company after overseeing a restructuring drive to reposition Toshiba as a major
      AFP  -  407 words
    • 355 18 LONDON It topples Merrill from top spot with assets of USslo7b Bloomberg BARCLAYS Global Investors bypassed Merrill Lynch Co as Europe's biggest pensions manager last year, as investors replaced actively managed funds with those that mimic indexes, consultancy William M Mercer reported. Barclays Global,
      Bloomberg  -  355 words
    • 505 19 Global tech stocks sell-off and Murdoch's illness result in 14% share price foil Reuters [ADELAIDEJRupert Murdoch's News Corp lost almost Asll billion (5511.2 billion) in value yesterday, hit by a global sell-off of tech stocks and news that Mr Murdoch himself was being
      Reuters  -  505 words
  • Page 17 Advertisements
    • 197 17 I Ax.ewards come easier now with Asia's I most exciting travel reward programme. I Enrol in Asia Miles between 15 February and and 31 May 2000, and you'll enjoy sweet rewards such as 3,000 bonus Asia Miles ('in addition to your normal accrual) as well as a chance to fly
      197 words

  • Page 18 Advertisements
    • 154 18 OUB Fixed Deposit now offers you deposit periods in days. Whether running a business or planning your own personal finance, clever management of your funds can make all the difference. One way to make your funds work harder for you is to place them in an OUB Fixed Deposit. With
      154 words

  • Page 19 Advertisements
    • 472 19 $S»i»0 *****^ S^PjP||^^^ J r YOU CAN ENJOY EVEN MORE OF THE FINER THINGS IN LIFE. r| >; •'<v" i '•?<, ;>.>- Y v/,^7'-'7l y- r ■•>" -:>> ■'>,*' v.*--' .v-J* ■uwlzvi&zlG&siai v vu^.. 'V;igW;ph t V$ 7 1-' v. •> V• i"'.: ~.fv J »T ..i /Ak _> v
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  • Page 20 Advertisements
    • 1718 20 [NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 H AMTEK ENGINEERING LTD (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on the Bth day of May 2000 at 3.00 p.m. at Jurong
      1,718 words
    • 212 20 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF IMPERION PTE LTD (In Members' Voluntary Winding-Up) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the Members of the Company will be held at 100
      212 words
    • 332 20 NOTICE IS HEREBY GIVEN that I, GOH SWEE YEW of BLK 10 Jalan Bukit Ho Swee *01-78 Singapore *****0, have applied for a Public House, First Class Licence in respect of M/s Mingeijaya Sento located at 1020 East Coast Parkway Singapore *****8, and that this application will be considered by
      332 words
    • 31 20 Classified First. Want a home with a sea view Or simply seeking a new nest? Make the right move: Check The Straits Times Classified First. Buy It. Scfl h. Find It
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    • 519 20 t^JIJRACO URACO HOLDINGS LIMITED 5522.5 MILLION GUARANTEED FLOATING RATE NOTES DUE 2002 In accordance with the provisions of the Notes, notice is hereby given that the Rate of Interest for the 6-month period from 18 April 2000 to 18 October 2000 (183 days) is 3.*****% per annum with a Coupon
      519 words
    • 431 20 t^JuRACO URACO HOLDINGS LIMITED 5522.5 MILLION GUARANTEED INVERSE FLOATING RATE NOTES DUE 2002 In accordance with the provisions of the Notes, notice is hereby given that the Rate of Interest for the 6-month period from 18 April 2000 to 18 October 2000 (183 days) is 7.*****% per annum with a
      431 words

  • FINANCE & commodities
    • 253 21  -  SOX Derivatives TraAla&Reports MSCI Singapore Index Daphne Tay ALL hell broke loose on the Singapore bourse yesterday following Wall Street's crippling losses on Friday. The Straits Times Index, after opening 99 points lower at 2,090, continued to slide, eventually breaching the critical 2,000-level
      253 words
    • 310 21  -  MS& Taiwan fatures Seow Hock Hin THE Taiwan market posted a decent rebound yesterday after reacting quite negatively to the sell-off in US shares on Saturday, when the index feU 507 points or 5.42 per cent. The Taiwan Stock Exchange Weighted Price Index
      310 words
    • 148 21 ENERGY REPORT Reuters [LONDON] Jittery oil markets took another dip yesterday with dealers betting on lower prices amid signs of sweUing supply from the Organisation of Petroleum Exporting Countries (Opec) producer cartel. North Sea benchmark Brent crude futures for June delivery fell below US$22
      Reuters  -  148 words
    • 340 21 Reuters London THE yen rallied 2 per cent against the US dollar and the euro early yesterday as a global stock market rout sparked a stampede into safe havens and was expected to encourage Japanese investors to keep their money at home. Yen gains were all the larger
      Reuters  -  340 words
    • Article, Illustration
      1228 21 DtTERBAWK CROSS EATBS A pri\ AS CS Ure Ffr HK$ NhhpWi Vi 8m M «SNtts m> S< II Sir ITt MINI U$> kntrata 0.688 4.986 0424 4095 1221 4.678 ********** 0.621 6491 2.282 1202 3LM*****4 1024 3.987 0.900 18J50 22.756 8479 till Canada 1126 5.616 0.703 4.612 1375 5269 29.529
      1,228 words
    • 1772 21 SZCOM FUTURES Aprl7 1 R088CA (futures cfestoqasat 5 JOpm) RSS1 CO*T#ACT(S cwitsAq) Cte* VotaM OpM Mowt* W9h tow Satt (ta—i) Maret j May 00 W.75 I Jun 00 ***** 600 MOO 123.50 200 Amq 00 125.50 200 I RSS 3 CONTRACT (US cwti/ty) Mm OpM Mowta low Satt (toa-t) Maraat
      1,772 words

  • The ISO Edge
    • 977 22  -  Consultants let companies decide for themselves what they want to achieve and set up a formal process to get there, writes SUSAN TSANG SUSAN TSANG WHAT is the secret to success in doing business? If you listen to CM Tay, director of ISO consultancy
      SIEW YAW HOONG  -  977 words
    • 846 24  -  Chevron's integrated compliance management system requires staff to be multi-faceted, writes SUSANTSANO SUSAN TSANG CHEVRON Chemical (Far East) Pte Ltd's commitment to quality, safety and the environment can be gauged by the fact that the chemical manufacturer brought on board quality assurance and compliance specialist Peter
      846 words
    • 827 24  -  Toyochem Ink uses only organic compounds though they may be more costly. Its policy is to compete on quality, not price By Susan Tsang TOYOCHEM Ink is a company that occupies a strange place in society that of being always in sight but
      SIEW YAW HOONG  -  827 words
    • 959 26  -  ISO-certified process means less headaches for Home Success in dealing with clients and suppliers, its MO tells CABOLEMG CAROL ENG FOR home interior design and renovation firm Home Success, getting the ISO 9001 certification was about setting up an efficient business system which
      959 words
    • 827 26  -  Things happened fast at Concrete Innovators after Hanson took it over, says SUSAN TSANCI SUSAN TSANG ASK Sunny Loh how long it took his company to achieve ISO 9002 certification, and the managing director of Concrete Innovators acts coy. "If I tell you, you'll
      CHRIS LOH  -  827 words
  • Page 22 Advertisements
    • 323 22 I l m -'H| mm wm *•<„ if \gcwfr; im* r f r* v -'M fr,/, r :-■»lifcil- r naWifr t^Awt^iißfi?tfitf a, iftt^^f*^ i #^iiA ji Mi^-ili^in'iriTlflS^iiMirtftfi'tiiiriiiWnillM'tfi I BKmmmmL ukas 1 Cert No: 1365 bSHH ri m f^M- j^^?y L 0 Bradley 0 I Sponor jjj CORPORATION > Where Smart
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  • Page 23 Advertisements
    • 173 23 nnn cpp global products pte ltd \ttt\ mmmmKmk. ukas VB 27 Defu Avenue 2, Singapore *****6 Tel: (65) 280 0900 Fax: (65) 282 3918 l c no.-nes-^g»j Website:http://www.cpp.com.sg E-mail:sales@cpp.com.sg v ,x\ »>-... «v »^sl,. 7 -<* >»>, L -«-.< '<' i" m irii«MiW|''ipp > i **&<' w*- v «<v«n.. "*««»,■■».^.z*2u><yj>~-
      173 words

  • Page 24 Advertisements
    • 571 24 Construction Safety Consultancy Pte Ltd subsidiary of SCAL Singapore Contractors Association Ltd) Our Proud Achievement of ■A Our ISO9OOI Award Message from the Chairman (j Message from the President Today marks yet another milestone in the growth and development of the tO P leaders in the safety and health field
      571 words

  • Page 25 Advertisements
    • 372 25 TOYOCHEM INK PTE LTD Js9tgL Subsidiary of TOYO INK MFG. CO., LTD. JAPAN 31 Tuas Avenue 2 Singapore *****2 Tel: (65) 861 5880 Fax: (65) 861 5650 Email: toyochem@singnet.com.sg ***** Certification I WORLDWIDE OPERATIONS TOyQ ISO Steering Committee Kw&fl Reliable Responsive Partner For yJ J u *a t s UKAS
      372 words

  • Page 26 Advertisements
    • 202 26 1 naaa I l SHEN LIAN C PTE. y' iiS jf It gives me great pleasure to announce our successful Tel" 362 5667 LTD yUkW ISO9oo2certification. Shcn Ltan Construction ami Woodwork Pte Ltd was incorporated in 19% to supply and provide installation «fc c «ej °f timber doors and frames
      202 words

  • Page 27 Advertisements
    • 960 27 ""Hanson CONCRETE INNOVATORS CO PTE LTD IIVfV kimTAfljfQhTtffffi 42 Pioneer Sector 2, Singapore *****3 i I |\1 IMI IH J H J|^\S4SSU|JUMm^SLSJLSUmJU^ Tel: (065) 861 6262 /#lsp% ?7 llwlV^ Fax:(065)862 2342 W,V/ uTas e-mail: coninco@singnet.com.sg 308 Lj^*-rJ Cert. No.: QSPOOO37 Message from the Managing Director P9kV| Concrete Innovators Co Re
      960 words

  • Page 28 Advertisements
    • 536 28 Chevron's additive operations in Singapore attains ISO 9002^1 Chevron Chemical (Far East) Re Ltd in Singapore is honoured to be jS§^jjfj( t ~<&*f Y j^£~~ conferred the ISO 9002 certification for the manufacture, supply and r > jl marketing of lubricating oil and fuel additives. The award covers J§S J*.
      536 words

  • STOCKS east asia
    • 2876 29 HONGKONG AFP DEmgSMg -U80.39 HONGKONG share prices tumbled 8.55 per cent in panic selling yesterday triggered by the plunge on Wall Street last week, dealers said. "There is panic selling in the market," said Marco Mak, analyst at Tai Fook Securities, adding
      AFP  -  2,876 words
    • Article, Illustration
      979 29 Reuters P Shenzhen B Index -2J3 CHINA'S hard currency B shares closed lower yesterday as investors took heed of sell-offs on regional markets triggered by last week's falls on Wall Street. The Shenzhen and Shanghai B share markets had shed as much as 5 per cent by the early
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  979 words
    • 367 29 AFP Index +12&88 TAIWAN stocks closed 1.4 per cent higher yesterday on bargain hunting following a 5.4 per cent fall on Saturday in reaction to Wall Street's plunge last week, dealers said. The Taiwan Stock Exchange Weighted Price Index gained 126.88 points to 8,993.68, on turnover of NT5164.99 billion.
      AFP  -  367 words
    • 2060 29 TOKYO AFP Q Nikkei 22S -1,42HH SHARE prices in Tokyo slumped 7.0 per cent yesterday in reaction to carnage on Wall Street at the end of last week, brokers said. The key Nikkei 225 Index yesterday plunged 1,426.04 points to end at 19,008.64. "The
      AFP  -  2,060 words
  • Page 29 Advertisements

  • STOCKS klse
    • 9117 30 INDUSTRIALS ConsiMMr products 2000 Last Vol Day Nat Cm C>w»«| >m -OOQ Mm Lear Wfl jm 112 3 5 A ioomo «> 358 -22 7 360 354 22.7 145.1 J 58 91 Angkasa 99 5 -6.5 246 103 99 146.1 ,290 Apollo Food Htg 490 -35 57 500 482 11.7
      9,117 words
    • 390 30 AFP CI Composite Index -5&24 MALAYSIAN share prices ended 6 per cent lower yesterday dragged down by Wall Street's steep decline last week and ensuing falls across the region, dealers said. The Kuala Lumpur Stock Exchange Composite Index plunged 56.24 points to close at 874.97, but
      AFP  -  390 words
  • Page 30 Advertisements

  • SGX clob & regional stocks
    • 3235 31 bonds warrants Apr 17 rn Ms hwm/ u0rt M«Nt Lm* m taT MM MMC« far (kt mm "M Le» Km I Mi «ar- nw Lot kr> Mkr Price MhlHk Mn («t UN 80 18 s 3164 Acma ******4 2-5 25 t9.5 19 19 20 20 41.0 1 300 151 6-68
      3,235 words
    • Article, Illustration
      790 31 AFP n SET Index -2L57 THAI share prices plummeted 5.2 per cent yesterday with selling across the board triggered by sharp falls in the US and regional markets, dealers said. The Stock Exchange of Thailand (SET) Index closed down 21.57 points, or 5.20 per cent, at 392.88, while the
      AFP  -  790 words
    • 284 31 AFP n Composite Index -75.00 THE Philippine Stock Exchange Composite Index fell 75.00 points to close at 1,637.54. Yesterday's close was the lowest since March 16, when the index finished at 1,629.97. Volume hit 3.63 billion shares worth 1.44 billion pesos. —AFP Hm CWW MRC Allied 0.52 -0.02 370
      AFP  -  284 words
    • Article, Illustration
      668 31 AFP P Composite Index -27,53 INDONESIAN share prices plunged 4.9 per cent yesterday in line with the falls on other regional markets following Wall Street's slump, dealers said. "The regional falls caused panic sales in the domestic market. The falls were across the board," an analyst with Pentasena Securities
      AFP  -  668 words
    • 276 31 AFP □IOSE-40 ->7-18 NEW Zealand stocks plunged 4.7 per cent yesterday, in reaction to the rout on Wall Street on Friday. The NZSE--40 fell 97.18 to 1,973.78 on turnover of NZ597.2 million. Brokers said that there may be worse to come, depending on how Wall Street did yesterday. —AFP
      AFP  -  276 words
    • 562 31 AFP QAllONmariM -1710 AUSTRALIAN shares slumped 5.7 per cent yesterday. The benchmark All Ordinaries dived 176.0 points to 2,920.0, led by Rupert Murdoch's global media giant News Corp Ltd. The SP/ASX 200 fell 168.0 points, or 5.4 per cent, to 2,943.9 points. The All Industrials fell 342.2 to 5,137.7
      AFP  -  562 words
    • 296 31 AFP n Composite Index -93J7 THE Composite Index yesterday closed down 93.17 points at 707.72. Volume was 285 million shares worth 2.9 trillion won. —AFP tmv jn« A nam Semi V4900 -2600 Brain Tecfi mS T95 Central Bank 2125 -235 CheUComfli mooo -***** Dm Gu Bank 2210 -240 DaetanqCorp
      AFP  -  296 words
  • Page 31 Advertisements

  • Page 32 Advertisements
    • 404 32 GOOD NEWS I IF YOU'KE I TO BUILD AN INVESTMENT POmTOLIO. .V i t "Vv. f »V»% Mttl Successful investors know the importance of a diversified portfolio of global investments. This helps you maximize the It pays to know INVESCO potential from your investments while minimizing the risk of being
      404 words

  • 9061 33 SQXMAIMBOARD Transaction date: Apr 17 52-«m Last Vat La«« Ouat a ON Div YM Nat C«p An »—I 1— StMa cmmmt COOW NH> U» —yr h«» CVr W MHLTHNDIISTIY fg 182 8a m c 1000 AcmaSOc 127 cd -6 349 127 120 127 128 5 43 2 15.9
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  • Page 33 Advertisements
    • 121 33 With the share trade settlement period reduced, you can still maximize your tradinq power. Citibank Equity Investment Account your stocks even after the 3-day settlement period. And in addition to our Why let a shorter trade settlement period reduce your trading opportunities competitive financing, you'll also be earning daily interest
      121 words

  • KNOWLEDGE economy
    • 1612 34  -  Managers should not be pursuing risk, but should instead be seeking new ways of managing new types of business risk, says Patrick iambb PATRICK LAMBE The writer is manager, business development, at The British Council NVESTORS love risk, managers dislike it. Risk provides an
      1,612 words
  • Page 34 Advertisements
    • 92 34 Think.A.ugusta. 'Experience Spring City. -oti IBP Now voted among the world's best. in r f* jtjV El > wFM m' --i 1 he h a 111 P«OnS h i p C. OI r Res or t 1 Aa%, Cli)lf Course Spring is the most exhilarating time to play golf its
      92 words

  • Page 35 Advertisements
    • 290 35 Where to wine, dine and entertain..." Let your children have a truly egg-citing day with an Easter buffet lunch, band performance, magic ventriloquist show, a Pinocchio show by Act 3 Theatrics, cartoon show, Easter Bunny mascot and lucky draw. $18 (Child), $12 (UOB Fun Saver), 326 (Adult), 15% discount (Pacific
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    • 50 35 CELEBRATE THE LAST CENTURY WITH DE GRAND lhipp\ Horns S.itOpw to (H)pin I )r.i!t tin r per mug :M> I >r.i!t beer per |iig S2-I 00» Free Titbits over the others. t Advertise in Wine, Dine Entertain of The Business Times and reach out to 117,000 readers daily. Contact Patrick
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    • 59 35 :9H Roasted Whole Suckling Pig Steamed Live Sea-Bast Fish with Lime Sauce (Thai Style) Deep Fried Fteah Prawns with Pepper and Garlic MjS Braised Mushroom with Bean-Curd Puff Bffl and Lo-Han Vegetable Braised Shark's Fin Soup with Dried %1 Seafood Sauteed Pork with X.O. Sauce Braised Noodle in Abalone Sauce
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    • 46 35 I BwtaSofcse I I New Italian Caff 6 I Authentic Italian Pasta, focaccia Caffe J I m I £jß3> j|ii I 72 Anson Road, #01-01 Anson House I I Singapore *****1 I I lei Fax 557 0537 I I Monday to Friday Bam to 10pm I
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    • 50 35 j w I ADVENTURE j 1-30 th April 2000 j i Savour Australian seafood with wines in our Australian gastronomic event at Pine Court Chinese Restaurant The Neptune Reservations: 831-6288/224-3203 H CHINESE CBMrO-r KSTAUtAM JL I Hanckmn Sutga/xrr Hi Mi™ 333 Orchard Road. S.ngapore *****7 M: 737 4411 F«732 2361
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  • Page 35 Miscellaneous
    • 952 35 TYMrT OMMM 4-30 S Club 7ln Miami. 4.40 The Young And The 740 St Georges Triathlon 9.00 AM Kids Central: The 540 Jack Hanna's Animal Restless. Canberra (2ndtx). K~ Big Comfy Couch. Adventures. 546 That's My Line. &00 Bowling: World Tenpin 9 9JO Polka Dot Shorts. 540 Music Walk. Masters.
      952 words
    • 275 35 CRYPTIC CROSSWORD ACROSS 6 Jazz-fan invite a ay of deri--1 HuH supporters put up here? sion? (7) (7,4) 7 Mount down? That is non--10 Outstanding duck, with only sense in America (13) one organ of flight (5) 8 Swinging throw from chubby 11 Frivolous, airy divers (9) member (5-3) 12
      275 words

  • Page 36 Advertisements
    • 365 36 c~, Europe is entering an exciting new era These changes have put Europe The new Henderson European Fund of change and offers attractive well and truly on the investment will feed directly into the Luxembourgpotential to investors. map and Henderson Investors registered Henderson Horizon believes the region offers attractive European
      365 words

  • SHIPPING TIMES
    • 280 37 Bridge News Reuters THE Atlantic capesize sector weakened once again, which was reflected by the panelists of the Baltic Capes ize Index who marked it down a further 16 points to 2,326. Conditions in the panamax sector though were generally firmer. The Baltic Dry Index (BDI) fell three
      Bridge News; Reuters  -  280 words
    • 270 37 ■■mmamumm +rtt It m CWT Distribution 0.94 -O07 34 Com -0.02 211 rntaht lmm 0.2s -a 02 rrao GBHoidfcigs 0.66 -0.03 IS HalSwtHMp 048 -0.05 239 •IC Hoidbigs-HK —MO unch 0 JayeHoldbigs 017 -0.01 924 KeppeiCorp 3.90 -0i2* 3403 KappMPELS 1.16 -0.05 311 Kappei Marin* 1.43 -0.17 412
      270 words
    • 469 37  -  ITsian port gets into foil gear as it secures first main line operator By Donald Urquhart [SINGAPORE] Officially opened just over a month ago, the Malaysian Port of Tanjung Pelepas (PTP) has secured ts first main line operator despite the view of
      469 words
    • 85 37 [SINGAPORE] The Oscilla, the second in a series of three VLCCs (very large crude carriers) being added to Shell's fleet of 46 managed ships, was christened at the Sembawang Shipyard. The 300,000 tonne double-hulled crude carrier is capable of loading in excess of the industry standard cargo
      LUIS ENRIQUE ASCUI/ST  -  85 words
    • 337 37 Port responsible for company's loss of 1.3b pesos last year Bloomberg [MANILA] International Container Terminal Services Inc, the largest port operator in the Philippines, said it has formaUy puHed out of the Argentine project responsible for its first loss in eight years. ICTSI, as
      Bloomberg  -  337 words
    • 233 37 [SINGAPORE] Malaysianowned Star Cruises has been voted the best cruise operator in Asia-Pacific for the fourth time running. With the youngest and most modern cruise fleet in the world, it was recently in the limelight when it made an unexpected takeover of European
      233 words
    • 183 37 Reuters [STOCKHOLM] The chairman of Swedish international shipping operator Stena Line AB was quoted by a Swedish business daily as saying he was ready to sell the lossmaking ferry group. "I could imagine selling Stena Line," chairman Dan Sten Olsson told Dagens
      Reuters  -  183 words
    • PSA corp
      • 1008 38 1999 net profit rose 4.5% to $750.3 m despite a difficult year, but Ql2OOO has already seen double-digit growth THE PSA Group made good progress in 1999 with an 18 per cent increase in net profit before tax to $1.1 billion, compared with $934 million
        FILE PHOTO  -  1,008 words
    • 190 38 PACE DSR-Senator 4 ACL 6 OefcMS 4 AMI 3 DjakLJoyd 8 t Accord 8 Dongnama 3 AppcftslMp 5 Eastrans 6 Austral 8 ta 4 BaiaiiSftpg 5 ECULine 6 BSA T Evergreen 6 B'tanqMtt FoongSun 8 •COM 7 GLM 4 CMA 8 Gemartrans 6 Cotumtow 8 Hangti 7
      190 words
    • 18373 45 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser V«m Voyage Telephone ETA ETA Advertiser Vessel Voyege TMtMm SIM Oest'n Nam* Nam* Number Number SIN Desfn Name Name Number Number WMMaaMMnMaHManMH 05/05 26/05 DSEN HANJIN KEELUNG 0074W 65 *341*10 To ABIDJAN (ABJ) 2003 Cot* D'lvoirt 06/05 24/05 cosco weser bridge joww
      18,373 words
    • SHIPS IN PORT
      • 643 49 ni Voy No Btrtt Arrtwl Ptprtiirt 1 ***** Jmm Z 17/04*00 17/04/2359 5 J03 T7/04/6J5 B/04/800 TT 0 S£P-20 JOJ 17/M/755 B/04/600 400 JB !7/04/*25 B/04/2300 ***** J« I7/»VW 17AM/OJO y tr t »0* aw JB T7AM/95S 17/04/2359 MlllUi 28 MAK-20 JB 17/04/9*0 BAM/BOO S?*"* -3 IMT-00 J12
        643 words
      • 1850 49 ■cccnnw or exwhh Fa comtaimehs and lcl cargo BoofclAQ/BlUftCt Istb SWp Voy Wo Etb/Btr Hho4 Frrn To Frw MMmt 7M WftOOO M 17/IMO 17 17/HOO T71WC IT/MM 17/MO a it.i'x m/mh worn a IT/1700 M/0459 *WC i a/woo h/ib* IS.-V40C 4 M/BM MAW M/T7Q0 MU MM KB WBcM
        1,850 words
      • 192 49 Apr 20 New Zealand: Market Holiday, Stock Exchange Closes at Noon. Denmark: Maundy Thursday. Philippines: Maundy Thursday. Apr 21 Denmark: Good Friday. France: Good Friday. Germany: Good Friday. Thailand: Market Holiday. New Zealand: Good Friday. Hong Kong: Good Friday. Indonesia: Good Friday. Philippines: Good Friday. Singapore: Good Friday.
        192 words
      • 771 49 THIS report compiled by Cockett Marine Oil Ltd. shows price rupee in US dollars Lnstewd of tingle prices for a more comprehensive description of the market Prices shown are based on averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the Individual
        771 words
      • 416 49 Carta* «0 Max 9912 0.5 8.6 0.10 90 0.06 Apr 13 OmnRt M« RmMm Ask UwMm Sedtawrt No ataw £25 3 0 5 0 2 0 %M/tt 380 AM 986.9 02 0.7 0.07 36 0.03 to* 380 MM 991.4 0.9 17.9 0.09 72 0.06 MAW »T/»
        416 words
    • AIR & LAND transport
      • 293 50 Long-delayed runway set to be completed by May 2002, in time for soccer's World Cup AP [TOKYO] Construction began on a new runway at Tokyo's main international airport at Narita that has been held up for more than three decades by farmers who refuse
        AP  -  293 words
      • 556 50 Bloomberg [TOKYO] Faster than a speeding bullet train, and able to match fares on many routes, Japanese airlines are luring away passengers from the country's high-speed rail network. For West Japan Railways, the competitive threat is especially fierce because the company is
        Bloomberg; FILE PHOTO  -  556 words
      • 466 50 belting's measures to cukb airfake discounting Govt policy will kill competition, say analysts Reuters [SHANGHAI] New measures by China to curb free-wheel-ing airfare discounting in its aviation industry are a step back towards a planned economy, analysts and industry officials said. The Civil Aviation
        Reuters; FILE PHOTO  -  466 words
      • 238 50 AFXAsia [SHANGHAI] The Civil Aviation Administration of China's (CAAC) ticket revenuesharing policy requires domestic airlines to hand over to the CAAC 80 per cent of their ticket sales revenue from 108 key routes, CAAC finance department directorgeneral Hai Liancheng said. The remaining
        AFX- Asia  -  238 words
      • 332 50 AFX-Asia [SHANGHAI] Hainan Airlines Co Ltd expects the domestic air ticket revenuesharing policy implemented by the Civil Aviation Administration of China from April 1 to have a large negative impact on its business, a company spokesman said. The spokesman said the policy, which requires
        AFX-Asia  -  332 words
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  • Page 49 Miscellaneous
    • 116 49 LEGEND: 1 Issued logical Service Singapore Thunderstorm A Showers Rain emperature £>r~/ WjncJ direction arX j speed in knots Cloudy Day Weather symbols Sea Conditions o Full circle w/o line indicates calm or light and variable winds Slight, < 1.2 m j_«One half Heche represents 5 knots I' Moderate, 12m
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