The Business Times, 30 August 2000

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Total Pages: 48
1 48 The Business Times
  • 14 1 THE BUSINESS TIMES MITAJB436/12/1999 86C SINGAPORE WEDNESDAY. AUGUST 30. 2000 Internet: http: business-times.asial .com.sg
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  • 1140 1  -  Move to build op retirement savings and allow more investment options By Serena Ng [SINGAPORE] The government yesterday announced major changes to the Central Provident Fund scheme to help Singaporeans build up savings for retirement and have more options for investing their CPF
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  • 285 1 Experience and higher profile in Hongkong work to St&nchart's advantage Bloomberg Reuters [HONGKONG] Standard Chartered Bank has won the bidding to purchase Chase Manhattan Bank's Hongkong retail banking operations, newspapers here reported yesterday. The Chinese-language Apple Daily quoted market sources as saying Stanchart
    Bloomberg; Reuters  -  285 words
  • 613 1  -  Change may discourage short-term investments in the stockmarket, some say Byl Siow Li Sen [SINGAPORE! The revised CPF Investment Scheme, while freeing up more CPF funds for investments, will not allow profits to be withdrawn, in order to reinforce the CPF*s original aim
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  • Page 1 Advertisements
    • 88 1 DBBPE Money Mutters Yen set to remain in the driver's seat. Pg 31 Top Stories World's first digital satellite radio service will go on air in S-E Asia in 2 weeks. *9 1* Uraco to pay $57m to acquire Techplas Industries. *9 4 No reason to modify M'sian levy system,
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    • 13 1 Chairman Lee Tzu Yang: What gives its edge The CEO Speaks. Back Page
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    • 147 1 t -•>->' j RAYMOND WEIL jjig GENEVE Ssffktn Crystal Qmsra. iOm wurmuuni FmU DUmnd OisL Lube, SS96STPV 52.977.00. VltMOnd SOLI AGENT: CRYSTAL TIMB (S) PTE LTV TEL: (65) *****88 website: http //www raymondwei! ch. Http //www crystaltime.com sg Raymond Well Showroom ft Service Centre: *02-09 Raffles Hotel Arcade. Singapore *****9
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    • 34 1 Moro reports, Next Page n i iii i 1111 j Hard to beat CPF special account returns Special Account to get priority in CPF restoration Changes in target CPF rates won't hit property market
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  • NEXT page
    • 764 2  -  BTrymTTTrm Genevieve Cua says most CPF members are better off leaving their money in the Special Account after the changes in Jan 1 next year Genevieve Cua THE CPF Board's move to free up the Special Account for investments, from Jan 1
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    • 499 2  -  Rate of restoration will depend on pace of economic recovery By\ Serena Ng [SINGAPORE] The government will give the Special Account priority over the Ordinary Account when it makes its next restoration of the Central Provident Fund cut on Jan 1, 2001,
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    • 654 2  -  Interest rates, HDB resale prices more important factors By Marissa Chew [SINGAPORE] The changes in target contribution rates for various Central Provident Fund (CPF) accounts are not expected to affect the property market significantly, analysts said yesterday. At the
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    • ON THE grapevine
      • 78 2 WHENEVER Hongkong introduces a new measure, it is usually assumed that Singapore will soon follow so as not to lose out in the race to be the financial centre of choice in the region. Well, on Hongkong*s latest initiative of having real-time clearing of US dollar
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      • 64 2 MANUFACTURERS of counterfeit branded clothing appear to have sophisticated tastes. A BT reporter who recently visited Hongkong was surprised to find among the Armani and Gucci knock-offs in side streets, a polo shirt with the Ritz-Carlton Millenia Singapore logo embroidered on it. Well, we guess if
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  • Page 2 Advertisements

  • Page 3 Advertisements
    • 80 3 r w m 0 I V f Jfajl: I' Jl /J I Jpp II by taking a great weight shoulders. m It ilk- v. 'n m ''I v<»: 1111 t ait Iv .im.ihull ill?. >11l 11 >( >d he.tltll .mil «i 11 linn \ll li :i< )i v I'.ilk nil
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  • SINGAPORE companies
    • 553 4  -  Disk-drive component maker on veils revamped management team By] David Boey DISK-DRIVE component manufacturer Uraco Holdings is spending $57 million to acquire Singapore-based precision plastics moulding maker, Techplas Industries, as part of a "strategic shift" that should help nudge Uraco back into
      SIEW YAW HOONG; Source  -  553 words
    • 456 4  -  Actual cost of processing trades is way above SGX-regnlated charge, say brokers By Ling Su Ann BROKING fees are likely to be lowered across the board, but the minimum charge of $10 will be raised come Oct 1, say
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    • 432 4  -  i2n's promo rate for US calls is cheapest at 9.8 C per minnte By' Teh Hooi Ling MEDIARING'S subsidiary i2u Pte Ltd yesterday announced its international direct dial (IDD) 1551 service, with the cheapest promotional rate in town to the United States at only
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    • 567 4  -  hock imj imam david boey WNLESS local shipyards get their act together, they risk being swept aside by the onslaught of foreign rivals. Even with home ground advantage, they have lost out to Australian boat builders in every Singapore government order for
      567 words
    • 337 7  -  City e-Solutions had earlier sold core hotel arm to CityDev By\ Kalpana Rashiwala CITY e-Solutions, formerly known as CDL Hotels International, yesterday posted a 97 per cent fall in interim net profit to HK$ll million (552.4 million) following the sale
      FILE PHOTO  -  337 words
    • 405 7  -  By'. Tay Hong Seng COSCO Investment (Singapore) yesterday announced a strong first-half result that surprised most analysts. Group profit for the six months to June 30 came to $5.58 million a 29.5-fold increase over the previous half-year figure of $189,000. The sharp rise
      405 words
    • OTHER Results
      • 142 7 ALLIED Components said its net profit for the financial year ended June 30 rose 10 per cent to $5.88 million. Turnover increased 95 per cent to $262.6 million. Profit growth was below revenue growth due to the following reasons: a reduction in margins;
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      • 127 7 FOOD Empire Holdings said its first-half net profit increased to $2.19 million from $869,000 a year ago. Compared to the previous period, group turnover grew 59 per cent from $14.9 million to $23.7 million. The increase was due mainly to better performance in
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      • 57 7 EASTERN Publishing said its net profit fell 3.6 per cent to $563,000 in the first half of2ooo due to investments in Internet-related business. The newly-incorporated trade subsidiary, Eastern Trade Media Pte Ltd, contributed substantially to the increase in group turnover of about 26 per
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      • 94 7 APOLLO Enterprises Ltd remained in the red with an interim net loss of $1.96 million against $2.3 million previously. Turnover rose 6.3 per cent to $26 million. Apollo said the group's hotels in Singapore should see better performance but its Apollo Centre
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    • 257 7 Turnover falls 40% to $14Jm; full-year loss expected MATERIAL handling systems specialist Inter-Roller Engineering announced a $1.49 million loss for the half year to June due to a fall in demand and margins for automation systems contracts. This contrasts with $1.07 million net earnings for
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    • 468 10  -  Island Shipping to list in weeks; investors to get one Island share for every two HSH shares By i Conrad Raj THE Singapore Exchange has given in-principle approval to Hai Sun Hup Group to break off its shipping
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    • 376 10  -  Offer price of 33C translates to forecast PE of 8 times By Tay Hong Seng GENERATOR maker VibroPower Corp is offering 26.25 million shares at 33 cents each for a listing on Sesdaq. The company, founded in 1995, designs and makes cus-tom-built power generators for use
      376 words
    • 123 10 WANT to live in this French colonial bungalow? First, catch a slow, slow boat to Shanghai so that you are just in time when Somerset Holdings puts them up for rent in 2002. Somerset, a subsidiary of Pidemco Holdings, is refurbishing a cluster
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    • 205 10 AFX Asia JARDINE Fleming said it has cut its 2000-2002 earnings estimate for Nat Steel Electronics after a meeting with management indicated that efficiency improvements will only come about by September or October. It is, however, maintaining a "buy" on the stock since the counter
      AFX Asia  -  205 words
    • 567 10  -  By G Panicker NASDAQ-LISTED Flextronics International has again made it to the list of the world's 100 best-managed companies in a survey by US magazine Industry Week. The Singapore-based company provides electronics manufacturing services. It counts original equipment makers in telecommunications,
      567 words
    • COMPANY Briefs
      • 112 10 AFX-Asia EASYCALL International Ltd, listed on both the Singapore and Australian exchanges, said it has set up an Internet network services centre worth RM3.B million (Ssl.7 million) in Malaysia's Cyberjaya. It said fUrther investments in the project will be made through Easy Call Internet Malaysia
        AFX-Asia  -  112 words
      • 60 10 DRESDNER Asset Management will launch the Dresdner Global Biotechnology Fund today, under the Dresdner International Provident Funds umbrella. The fund will target companies in the biotechnology, pharmaceuticals and healthcare sectors. Dresdner charges an upfront payment of 5 per cent and a management fee of 2 per
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      • 55 10 DATACRAFT Asia director Ron Cattell has trimmed his stake in the company to 0.39 per cent from 0.66 per cent Mr Cattell sold 670,000 shares last Friday at US$B each and another 530,000 shares on Monday at about US$B.O3 per share. The shares were
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  • Page 4 Advertisements
    • 218 4 EVibroPower > VIBROPOWER CORPORATION LIMITED (Incorporated in the Republic of Singapore on 23 May 2000) INVITATION IN RESPECT OF 26,250,000 ORDINARY SHARES OF $0.05 EACH COMPRISING 17,500,000 NEW SHARES AND 8,750,000 VENDOR SHARES AS FOLLOWS:(A) 5,000,000 OFFER SHARES AT $0.33 FOR EACH OFFER SHARE BY WAY OF PUBLIC OFFER; AND
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  • Page 5 Advertisements
    • 161 5 NOKIA Connecting People Your credit card can't W be used as a phone. j But it won't be long before your Nokia phone can make payments. f* «< /> t% ff T luesdait.Hai|2o%|% I Milt—■ m c»«nc>»< banlung n»v»9»tor^B"~-" ,—1 I SB I Nokia's creative application of 3rd Generation technology
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  • SINGAPORE markets
    • 559 6  -  STOCKS r. sivanithy WITH little in the way of fresh news to stimulate interest, local stocks yest e r d a y continued their slow and steady drift into the lower regions. Volume again hovered at rock-bottom, and dealers already dreading the
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    • 195 6  -  WARRANT WATCH By R Sivanithy A STRATEGY which holders of expiring warrants may wish to consider is to switch their money into longer-dated instruments that have not performed yet. This could prove even more attractive if the underlying shares are at a low
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    • 247 6  -  HOT STOCK By Ven Sreenivasan PAINTMAKER Berger International made a rare appearance on the gainers list yesterday as it rose 2 cents or 6.5 per cent to 33 cents. This comes following the company's indication of several initiatives to turn itself around and rake in
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    • 152 6 ♦LION Aaiapac will hold their EGM at The Conference Room, 10 Arumugam Road #1000, Lion Industrial Building on w Sept 20 at 10 am. ♦GB Holdings will hold their AGM at 29 Loyang Crescent on Sept 25 at 10 am. Ayala International Holdings has changed their registered address
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    • 457 6 Stocka Volume SingTel 15c 8,008,000 STEngg 10c 7,890,000 Medi-Rad5c 5580,000 BriertoyNZIOc 534,000 RMdQrpSc 4,917,000 NewWave 5c 4.883.000 CytachHKSc. 4.757.000 fTechGrp4c 4587,000 SunHghtQrplOc 4,514.000 PNEwdlOc 4,423,000 stooka > DBS Gup 52,784,700 DatacraltlOc 43,802.744 SIA 36,139,114 OUB 24,777,570 SfrwTeM5c 24,488.490 Chart Semiconductor 28c 19,410.400 STEnaglOc... 18.853.335 PacilicCentury— 18.788,800 SPH 9.750.099 NrtH«c10c.- 9,733,908
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  • Page 6 Advertisements
    • 74 6 1 This announcement appears as a matter of record only 0 See Hup Seng Limited (Incorporated in the Republic of Singapore) Issue of 33,000,000 Warrants in conjunction with a 5513,000,000 Transferable Loan Facility Manager Tat Lee Bank Keppel Tat Lee Bank Limited (Incorporated in the Republic of Singapore) August 2000
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    • 106 6 YOU CAN NOW PUT YOUR CPF SAVINGS IN EICHT. important All applications tor units 111 eiglu must be made on the application forms accompanying the prospectus investors must iead the prospectus The value of the units ana the income from them may fail as well as rise S3l >r,s-' Larry
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  • Page 7 Advertisements
    • 505 7 XEROX DIGITAL ABLE 3321 CANON NP3050/NP4050 3120/3350/3401 NP332S/MP3825/NPBO3O Copy speed of 32 capws/mw 4 R/E zoom 25% —I—k*. to 400%. gives you wide flexibility in copying/ ErlfSi link to RC. High features speed faxing other Rec.ce E- a'ae* useful feature*. Zoom 50% 200% etc. INTIMUS SNREDDER RICOH DIGITAL AFICIO Small,
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  • Page 8 Advertisements
    • 79 8 Your business without ASP With Hitachi ASP your business has the power to keep moving. software installed in our data centre through the Internet, HITACHI is committed to inspiring the future by and to utilize the system by way of a subscription fee providing new services that are guick to
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  • Page 9 Advertisements
    • 77 9 HITACHI Inspire the Next Your business with Hitachi ASP resource and payroll, 2) core operation support for without having to invest in costly in-house software manufacturing and logistics, and 3) SCM support for development, IT engineers and fixed assets. So, to find out manufacturer's procurement and distribution. HITACHI ASP how
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  • Page 10 Advertisements
    • 239 10 For Sale Commercial Properties Freehold CBD Location various sizes 30,000 to 70,000 sf suitable for investment or owner occupation Freehold Suburban Location approximately 40,000 sf 400 m to MRT station new building/partially-tenanted ideal for corporate I !Q Leasehold CBD Fringe Location approximately 100,000 sf 200 m to MRT station high
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  • MAIL bag
    • 266 11  -  Mohammad Farhad Omar I REFER to the article "SM Lee's emotional valedictory visit" (BT, Aug 25) by Karim Raslan. I very much agree with him that there are quiet undertones in the Malaysian community. I suspect there is a great divide between the aristocracy and
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    • 133 11  -  Ong Khiaw Hong Director (Taxation) Ministry of Finance I REFER to the letter "Why pay stamp duty on property purchase?" by Sunil Kumar (BT, Aug 28). Stamp duties are taxes and have been levied on a large variety of transactions since 1863. However, over the
      133 words
    • 359 11  -  Yeong Wai Cheong, CFA I REFER to the article "Likely hurdles for rating system creators here" (BT, Aug 28). Given the interest in the issue of a rating system, I would like to clarify what our financial services technology company proposes to bring to market shortly.
      359 words
    • 481 11  -  Saiful MK I REFER to the article "Spend or Save" (BT, Aug 28). I read it with much interest, as I do not seem to be able to save what I earn although I am in my early 30s. I have discussed
      FILE PHOTO  -  481 words
    • 265 11  -  John Lim Head, Investment Banking Dexia BIL Asia Singapore Ltd WE refer to your article "CMB investors got limited choice over offer" (BT, Aug 29) regarding the voluntary cash offer by Claremont Heights Ltd to acquire all the issued ordinary shares of $1 each
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  • Page 11 Advertisements
    • 93 11 We welcome letters. E-mail us at btletterQsph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390Kim Seng Road, Singapore *****6. We need your fuU name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in mind
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  • WOMAD 2000
    • Article, Illustration
      1015 12  -  Gito Baloi, one-third of South African trio Tananas, shared his thoughts on music and life with UAH BAT from his home in Kensington, outside Johannesburg The group will be performing in Womad Singapore 2000, which starts in two days' time LEAH RAY I GET off to a
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  • Page 12 Advertisements

  • SINGAPORE news
    • 250 13  -  Byi Audrey Tan DOMESTIC wholesale trade jumped 25.2 per cent in the second quarter from a year ago, largely due to the high price of mineral fUels. Excluding petroleum, the Domestic Wholesale Trade Index rose just 8.3 per cent from a year ago,
      Source  -  250 words
    • 300 13 THREE property developers will launch their projects this weekend, right after the Ghost Month. The projects are The Tessarina by Wing Tai Holdings, Allgreen Properties' Pavilion Park, and NTUC Choice Homes' Rivervale Crest. The release of the second phase of Pavilion
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    • 682 13 STB: owners need to make tough call if parks struggling Reports by Andrea Tan THE fate of theme parks should be left entirely to the private sector even if they are struggling to survive, according to the Singapore Tourism Board. "We'll leave it
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    • 507 13  -  World Space expects to have 400,000 listeners in Asia by next year; aims to hit 2 million by 2002 Teh Hooi Ling THE world's first digital satellite radio service a project undertaken by Washington-based World Space Corporation
      507 words
    • 681 13  -  P&tteson was in charge of Salvation Army properties By\ Kalpana Rashiwala COLLIERS Jardine Singapore yesterday surprised many in the property industry by appointing as managing director Ken Patteson, an Australian who has been overseeing the Salvation Army's property interests in South-east Asia
      SIEW YAW HOONG  -  681 words
    • 310 13 THE Application Service Provider industry in Singapore received a boost yesterday with the announcement of a 13-member ASP Alliance Committee, the AAC. The committee, formed under the auspices of the Singapore IT Federation and supported by the Infocomm Development Authority of Singapore, aims to
      310 words
    • 236 13 SINGAPORE Airlines signed an agreement with the Macau Government Tourist Office yesterday to cooperate in pro-, moting tourism to Macau. Under the pact, effective for a year, both parties will undertake joint promotion activities to boost visitor arrivals. The cooperation can also be extended to
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    • 138 13 AS part ofthe Singapore Tourism Board'e 12 million package to Indonesia, travel agents will make familiarisation tripe to the two countries in next eight months. Agents from Korea, Japan, Taiwan, Europe and North America will visit, to feature the two countries
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  • EDITORIAL & opinion
    • 686 14  -  ■.T.wM.jTnf OPINION anthony rowley The writer is BT's Tokyo correspondent JAPANESE prime minister Yoshiro Mori's week-long official visit to India, Pakistan, Bangladesh and Nepal appears to have succeeded in putting Japan's relations with South Asia onto a better footing than they have been
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    • 96 14 'Corruption in the Suharto era was of two types. Active corruption, in which you squeeze businesses for money, and passive corruption, which is like getting thank-you notes. I would venture to say he belongs in the second category.' Bizal Ramti Indonesia's coordinating minister for economic affairs on
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    • 694 14 EDITORIAL ONE can hardly fault the Stock Exchange of Thailand (SET) for trying to jump-start the moribund Thai stock market However, the 23 measures it announced last week savvy as they may be are unlikely to do the job in the absence of more fundamental changes
      694 words
    • 780 14  -  There are worrying sips the lessons of a financial near-catastrophe are easily forgotten By\ Howard Davies The writer is chairman of the Financial Services Authority and chaired the Financial Stability Forum HLI Working Group THE events surrounding the 1998 rescue of Long-Term Capital Management
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    • 771 14 COMMENTARY NYT THERE were very few public enemies as nefarious as the 1999 version of Lee Wen Ho, the 60-year-old scientist who's accused of downloading the "crown jewels" of US nuclear secrets with the intent of harming the nation. The 1999 Lee model, brought to you
      NYT; AFP FILE PHOTO  -  771 words

  • MALAYSIA news
    • 400 15 KUALA LUMPUR Bloomberg TELEKOM Malaysia Bhd's profit fell more than expected in the first half, as Malaysia's biggest phone company faced greater competition from its smaller, more nimble rivals. Profit slumped 46 per cent to 371 million Malaysian ringgit (*****.8 million),
      Bloomberg  -  400 words
    • 554 15 Binggit peg will also stay; remarks dash hopes of changes in coming Budget Prom Diana Oon Abdullah in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad yesterday defended the country's capital controls and said there would be no changes to the ringgit
      REUTERS  -  554 words
    • 379 15 KUALA LUMPUR Reuters MALAYSIA'S Sime Darby Bhd is expected to post a fall in net profit for 2000 but a rise in operating profit when it reports financial results today. Expanding power and property businesses will offset weakness in commodities at the operating
      Reuters  -  379 words
    • 333 15 KUALA LUMPUR AFP DOMESTIC applications for investment in Malaysia's manufacturing sector rose sharply in the first seven months of the year, matching those by foreign investors, according to a minister yesterday. "While the flow of foreign direct investments has been maintained in the first
      AFP; AP  -  333 words
    • 422 15  -  From Diana Oon Abdullah in Kuala Lumpur MALAYSIA Mining Corporation (MMC) is raising RM26O million (*****.6 million) from the sale of 19.9 per cent of its holdings in Australia's Ashton Mining to international mining group Rio Tinto. This came just a
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  • Page 15 Advertisements
    • 362 15 Building Trust and Smart Partnership for the 21st Century sth September 2000 Four Seasons Hotel Singapore MoneyWorid Asia and the Asian Strategy Leadership Institute (ASU) are proud to present the 2nd Malaysia-Singapore Business Forum. This one-day forum is intended to build on the longstanding business and economic relationship between the
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  • Page 16 Advertisements
    • 223 16 mA |r J V|l Wq ||g Hli ill |j •▼b 1 "li'-'jWB I H ty vfl r > V Jr;-j_- Y*.^y Dedicated to fulfilling Asia's golfing aspirations with cutting-edge technology. V 7 S -^B At the dawn of this new millennium, Transview continues its Today the distribution of our major
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  • e-NEWS
    • 771 17  -  Finesse is targeting financial firms with its solutions, chief exec Chak Kong Soon tells amdbewwee ANDREW WEE Homegrown software developer Finesse Alliance International is targeting financial institutions with its intelligent "sense-and-response" solutions. "As early as next year, when you apply for a housing loan, the bank
      ARTHUR LEE  -  771 words
    • 406 17 NEWYORK Deals involving AmmxwL Glassbook hot up competition NYT STEPPING up the competition to set the standard for software to read books and other documents on computer screens, Microsoft and Adobe Systems both announced rival alliances intended to strengthen their respective positions in the
      NYT  -  406 words
    • 441 18 SANTA CLARA, California Shipment freeze not a major setback; company announces price cnts AP Bloomberg SHIPMENTS of Intel Corp's speediest computer chip have been halted after the company confirmed a glitch is causing problems with certain types of software. Santa Clara-based
      AP; Bloomberg  -  441 words
    • 503 18  -  It will provide ads for the Network of the World service Byl Toh Han Shih [SINGAPORE] Pacific Century CyberWorks is offering advertising through high speed Internet (broadband) worldwide, and that is being headed by a 35-year-old Singaporean, Patrick Jonathan Wong. CyberWorks' broadband advertising
      FILE PHOTO  -  503 words
    • 477 18 NEW YORK AFP Bloomberg THE Internet economy will employ more than 10 million people in the United States and Europe by 2002 and generate US$l.B trillion (Ss3.l trillion) in revenues, according to a study released on Monday. The study
      AFP; Bloomberg  -  477 words
  • Page 17 Advertisements
    • 107 17 FAST i J fr x Mala; youi ljysin<;ss mobile ,-pvnincj •;'»«:rs, either. •:>oii .ore ttui.'. ion peo: >.v'> t and buy shares u: By WAP mobile r ho bad news is: mobile customers will only buy it or. companies that pro vie WAP at good >s .v can help. mens
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  • Page 18 Advertisements
    • 1465 18 fyO\| KRUNGTHAI BANK PUBLIC COMPANY LIMITED fz SINGAPORE BRANCH Ifw.l/ 65ChuliaStreet, #32-05/08OCBCCentre, Singaporeo49sl3 Tel: (65) 533 6691. Fax: (65) 533 0930. Telex: RS ***** KTBSIN Balance Sheet Income Statement As at December 31,1999 and 1998 For the years ended December 31,1999 and 1998 Consolidated Bank's Consolidated Bank's 1999 1999 1998
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  • Page 19 Advertisements
    • 43 19 Could business be about more than just profits? Could it be a force for good? We think so, and the employees of BP, Can a cleaner Amoco, ARCO and petrol Castrol are forming be refined? a new company, to try. J- i -•■i
      43 words

  • REGIONAL news
    • 554 20 JAKARTA Economics minister says new govt is open-minded about agreement Reuters INDONESIA'S new chief economics minister Rizal Ramli yesterday denied there were plans to revise an agreement with the International Monetary Fund and said talks so far with the organisation had
      Reuters; FILE PHOTO  -  554 words
    • 646 20 MANILA Growth in agriculture and exports helps produce better-than-expected figure Bloomberg THE Philippine economy gathered speed in the second quarter, helped by faster growth in exports and agriculture, giving a timely boost to a government struggling to stem ethnic unrest and an exodus
      Bloomberg  -  646 words
    • 129 20 Reuters [JAKARTA] Indonesia hat named several former officials with two oAhore subsidiaries of Bank Indonesia as suspects in a US$l billion (Ssl.7 billion) Joaabjrthe central bank. "Based on investigations, there are allegations erf mismanagement at the headquarters of NV Indover Bank in Amsterdam
      Reuters  -  129 words
    • 141 20 JAKARTA Reuters INDONESIANS will have to wait untU tomorrow to see if disgraced and ailing former President Suharto actually attends the opening of his trial on corruption charges, one of his lawyers said. Lawyer Muhammad Assegaf refused yesterday to confirm if the former general would
      Reuters  -  141 words
    • NOTE Book
      • 71 20 AFP [JAKARTA] A severe earthquake measuring 6.4 on the Richter scale has hit the strife-torn Indonesian Maluku islands, the Indonesian meteorology office said early yesterday. The earthquake which struck at MHK pm (1506 GMD on Monday was centred in the Sea of Seram, soma 67 kilometres
        AFP  -  71 words
      • 51 20 AFP [JAKARTA] Indonesian police are looking fbr two men suspected of having thrown a hand-grenade at the Malaysian embassy here, a Jakarta police spokesman said yesterday. However, the descriptions of the suspects were still flu* from adequate, Jakarta police spokesman Superintendent Nur Usman said.
        AFP  -  51 words
      • 74 20 Reuters [JAKARTA] Indonesia said yesterday that higher world oil prices would boost net Income from oil and gut activities in the2oooßudget year to an estimated 32 trillion rupiah (556.6 billion) from a target ofaOJtrfflloiL In a statement, the Coordinating Ministry fbr the Economy
        Reuters  -  74 words
      • 61 20 Reuters [JAKARTA] Indonesia will set up a new agency to oversee state companies in a bid to speed their privatisation, chief economics minister Rizal Ramll said yesterday. "We are setting up a new agency to supervise state companies. The agency will be directly undo-the
        Reuters  -  61 words
      • 70 20 Bloomberg [JAKARTA] PT Bank Negara Indonesia, one of the nation's largest publicly traded state-run banks, said its first-half loss narrowed 31 per cent on lownr Interest expenses. BNI lost 2.52 trillion rupiah (*****.6 million), or 56 rupiah per share, in the first six months of
        Bloomberg  -  70 words
    • 435 22 BEIJING Foreign buyers will be able to bid for anything from domain names and website contents to whole dotcom companies MORE than 30 Chinese dotcom companies are putting into an auction next month assets for sale or merger amid signs that
      FILE PHOTO  -  435 words
    • 312 22 WASHINGTON Bloomberg TAIWAN-BASED Advanced Semiconductor Engineering Inc, the world's No 2 comput-er-chip packager, filed for a New York Stock Exchange listing and a US share sale to raise as much as US$l9O million (*****.9 million). The company filed with the US Securities
      Bloomberg  -  312 words
    • 375 22 BOMBAY Bnt fiscal deficit a problem which needs to be dealt with Reuters INDIA'S central bank on Monday sounded a strong note of confidence on economic growth but warned that the fiscal deficit remained a serious problem that needed to be tackled urgently. In its
      Reuters  -  375 words
    • 452 22 HONGKONG Sino Land, Kerry Properties pay 26% more than forecast Bloomberg THE Hongkong government sold two suburban residential sites for HK$l.l6 billion (*****.9 million), 26 per cent more than expected, as developers bet on a rebound in the city's property market. The
      Bloomberg  -  452 words
    • 190 22 BEIJING Oana-Xinhua CHINA is building its largest genetic chip manufacturing plant in Guangdong Province, according to yesterday's China DaUy. Shanghai Bio Window Gene Development Company Limited and Zhaoqing Star Lake Biotech Company Limited have announced they are to establish the new company
      Oana-Xinhua  -  190 words
    • ASIA Notes
      • 85 22 Reuters [TAIPEI] Anti-graft proeecutors have launched an inquiry into Ippisd loan irrag ularlties at oce of Taiwan's top commercial banks as a government crackdown on corruption moved into high gser. The proeecutors have questioned seven people, including the brakes former chairman, in relation to loans
        Reuters  -  85 words
      • 82 22 AFX-ASIA [SHANGHAI] Chin* will set up a national group to bring all of the country*! television broadcasting network! and cable television businesses undir one cable broadcasting company, ths State Administration of Radio, Film and Television(SAßFT) said, according to TheChtmlMfy. SARFT director XuGuangchun said the administration would
        AFX-ASIA  -  82 words
      • 100 22 Bloomberg [HONGKONG] MTR Corp, Hongkong's state-owned underground railway, will eee profit rise 188 per cent next year after its initial share offer, a research report by one of the banks handling the sale, HSBC Securitiee (Asia) Ltd, said. It said profit for the year
        Bloomberg  -  100 words
      • 95 22 Reuters [HONGKONG] More than 20,000 farmers in central China have staged protests over heavy taxation and some 90 demonstrators have been arrested by the police, a Hongkong-based human rights group said yesterday. The Information Centre for Human Rights and Democracy said In a statement
        Reuters  -  95 words
  • Page 20 Advertisements
    • 1494 20 KOREA'S LEADING BANK KOREA EXCHANGE BANK (INCORPORATED IN THE REPUBLIC OF KOREA) 31 December 1999 Nofl-Como4kk!ttd Balance Sheet (Banking Accounts) Non-Consolidated Statement Of Operations (Banking Accounts) In Millions of In Thousands of In Millions of In Thousands of Korean Won U.S. Dollars Korean Won U S Dollars ASSETS MTIMM Cash
      1,494 words

  • Page 21 Advertisements
    • 71 21 ON 6th SEPTEMBER unveil Singapore's leading I Ik- "I MVS- I I Mill ennium I rade Award, a symbol of presume, reeognises three distinguished companies tor their pioneering; spirit, vision and faith in Singapore. I hrough their fortitude and courage, these companies have hel peel to develop Singapore into a
      71 words

  • Page 22 Advertisements
    • 92 22 n>"M» m < >■ ■EJ*P»w®HnlpipPw* Indomd byi ;-|%t r *&< <E *kln* £i ISI *9Sls&&'■-* sKS jg TDB Venue: Singapore International Convention Exhibition Centre, Gallery, Level 3 Supporting PutoNcatton: Date: August 30 September 1, 2000 Education Time: 10am-6pm ,i-- v --e FKJEJL ADAAIS3/0N FOK TRADE VISITOR* AND rKOnS3tONALS Over 80
      92 words
    • 106 22 Up '^^nH^HgH« > k u Jv Restaurant (Ist Levi) llim to 8.30pm dally Native African chef brings you the original taste of Africa. Our exotic menu of authentic African favourites and Afro-Asian fusion cuisine will drive you wild.. Nlte Club (2nd Levi) 6pm to 3am dally Boogie to the beat
      106 words

  • WORLD news
    • 928 23 Move comes after USsl.2b hostile bid by Sweden's OM Gruppen; German exchange considers making takeover offer NYT Bloomberg AFP THE London Stock Exchange cancelled a vote on its planned merger with Deutsche Boerse AG after Sweden's OM Gruppen AB made a US$l.2 billion
      NYT; Bloomberg; AFP; Source: Bloomberg  -  928 words
    • 373 23 ■LONDON smeunmpmrsewiift# mv»£3ob ijmrfrwi 66MMffiiM of I v Reuters OM Gruppen, operator of the Stockholm Stock Exchange, said yflfttwdfiy tt> propfflwd frakwnvpr rtf th* f iQTMfOn Sfryfc RTrhjmgß wnnlri CTWItQ jffrtriwp nffflfl mffllnn (B$79J million) per year through economies of scale. "We would
      Reuters  -  373 words
    • 343 23 NEW YORK 13 stocks did so on Monday; rest to follow by April 2001 LAT-WP A FEW hours into a historic day at the New York Stock Exchange on Monday, NYSE group executive vice president Robert Britz excitedly cited the quotes on
      LAT-WP  -  343 words
    • 612 24 FRANKFURT Galloping inflation, weak euro indicate this is likely, say analysts AFP THE European Central Bank (ECB) will raise its key interest rates when it returns from a four-week summer break this week in the face of galloping inflation and the weakness
      AFP  -  612 words
    • 361 24 NEW YORK Bloomberg Reuters CONSUMER confidence in the US economy slipped in August, while holding close to the record level set three months ago, Conference Board figures showed. The New York-based research group said yesterday its index of consumer confidence fell to 141.1 in
      Bloomberg; Reuters  -  361 words
    • 79 24 [LEIPZIG] Thefirst copy of one of the world's smallest books yesterday is placed on the corner of a one-mark stamp in the German publishing house of Faber Faber in Leipzig, eastern Germany. The 2.4 x 2.9 mm book, bound in leather, contains 32 pages. There
      AP  -  79 words
    • 389 24 ■LONDON Reuters OIL prices jumped again yesterday, adding almost another dollar a barrel to a runaway market as fears mounted of winter supply shortages in the West. Dealers took fright at the latest comments from Opec, whose president All Rodriguez of
      Reuters  -  389 words
    • 295 24 ■TOKYO FT SENIOR politicians in Japan's ruling coalition have called on the government to scrap 2.8 trillion yen (Ss4s billion) of public spending projects an unusual attempt to curb wasteful "pork barrel" spending. In a draft review of public spending
      FT  -  295 words
    • 207 24 BRASILIA Bloomberg J P Morgan Co's investment bankers have a Brazil problem. They have not won any of the five bids to manage US$B.B billion (Ssls billion) in US dollar bond sales this year for the government, surrendering their dominance in Latin America's
      Bloomberg  -  207 words
    • 409 24 GENEVA Ruling against 1916 act hailed as victory for free, open trade Reuters Bloomberg WORLD Trade Organization judges on Monday ruled that the United States must change a law which for 84 years has provided for civil and criminal penalties on foreign firms
      Reuters; Bloomberg  -  409 words
    • 570 24  -  It is set to thrash out patent issue of Texmati rice in tike American courts From D Ravi Kanth in Liechtenstein THE Indian government is believed to be finally preparing a legal challenge to the threat posed to Basmati rice
      570 words
    • WORLD Watch
      • 80 24 AFP [SYDNBY] Rk> Tinto Ltd made a hostile AIBOO million (*****.6 million) bid yesterday for diamond miner Ashton Mining Ltd, trumping an earlier move by De Beers, the world's dominant diamond mining company. London-based Rio upped the South African giant's Asl.«2 a share offer
        AFP  -  80 words
      • 71 24 Reuters [FRANKFURT] Tl* German economy grew a seasonally and calender adjusted l.lpsr cent in the second quarter from the first quarter and an unadjusted 3.1 per cent year-on-year, the Federal Statistics Office reported yesterday. The data were in line with market expectations and Bundesbank estimates published
        Reuters  -  71 words
      • 67 24 Bloomberg [BONN] Deutsche Telekom sakl first-half profit from operations fell 28 per cent on declines in traditional services, more than it estimated last month, highlighting the need to expand abroad. Telekom said earnings excluding one-time gains and charges dropped to 681 million euros v
        Bloomberg  -  67 words
      • 84 24 Reuters [SYDNEY] Australia recorded its smallest trade deficit In more than two years in July, as imports fell back after several months inflated by a surge ahead of tax changes. Official figures yesterday showed the balance on goods and services more than halved to A 5537
        Reuters  -  84 words
      • 81 24 FT [BRUSSELS] Fortis, the Belgo-Dutch financial group, announced long-awaited plans to end the dual listings of its Belgian and Dutch arms. The move has long been urged by shareholders to Improve clarity and increase the chances of mergers and alliances. Fortis also announced that
        FT  -  81 words
  • Page 23 Advertisements
    • 1229 23 ©HANVIT BANK (INCORPORATED INTHE REPUBLIC OF KOREA) HANVIT lAH CONDENSED BALANCE SHEET AS AT DECEMBER 31,1999 (US$l W1145.40) Consolidated Balance Sheet Consolidated Statement of Operations As o( December 31.1999 For #ie year ended December 31.1999 Korean Won In MWloiii Korean Won In MMioni 1989 except per share amounts 1991 ASSETS
      1,229 words


  • FINANCE & commodities
    • 335 25  -  SOX Derivatives Tradlngfleporfe ST Index/MSCIS'pcre Index Chan Yet San THE Singapore stock market yesterday gave back what it gained the day before. The Straits Times Index lost 9.43 points or 0.43 per cent to end at 2,166.68 points. Within the index, 20 counters
      335 words
    • 254 25  -  MSCI Taiwan Index Chan Yet San THE Taiwan stock market ended lower again, after touching its lowest level for the year intraday. The MSCI Taiwan Index declined by 2.55 points or 0.73 per cent to close at 344.61 points. At its low, the index
      254 words
    • 208 25 Reuters [SINGAPORE] China's Sinopec Star Petroleum aims to boost natural gas production at its biggest-ever gas discovery in the East China Sea due to encouraging new finds, a senior company official said yesterday. "We will speed up the ex- ploration and production at Chunxiao*-
      Reuters  -  208 words
    • 339 25 Reuters London STERLING fell across the board yesterday amid expectations British interest rates are close to their peak, losing ground even against the euro despite the euro having lost some of its earlier broad gains. The euro fell back below US$O.9OOO, unable to sustain gains it had made
      Reuters  -  339 words
    • Article, Illustration
      1032 25 MTHRBAMK CE088 RATBB Aug*. A$ C$ >■> I— Fir Da m> fcdtilgMl Yon Won Mi KZSNfctl Hf S$ fand W) M> Pm* USi Australia 0251 4.767 0237 4.181 1247 4.471 ***** 47.663 160 6275 2.182 U24 ***** 2UM 0.908 3.981 0.985 17.845 23X9 0.392 0574 Canada 1175 1600 0.749 4.912
      1,032 words
    • 1469 25 S1C0M FUTURES Aug 29 m,,, H i g OK 00 ***** 200 Sap 00 67.00 67.00 6&3 5 TOO OrfOO 67JO 6425 6450 625 2950 MM 00 68.50 M00 OK 00 70.75 69.00 70.75 500 2450 mm *m MM i§» SSHfi Bag fcfoo 62J0 62J0 62J0 40 3100 '.'Hi'00 64.75
      1,469 words

  • STOCKS east asia
    • 2833 26 HONOEONG AFP yiHansSaag +22&3S HONGKONG share prices rose 1.3 per cent yesterday on the back of futures-related buying ahead of the expiry of the Hang Seng August contract, dealers said. The key Hang Seng index gained 220.35 points to close at 17,240.11 points,
      AFP  -  2,833 words
    • Article, Illustration
      1001 26 Reuters WStofcaßMc *2.70 CHINA'S hard currency B shares ended a week-long retreat yesterday, rising more than 2 per cent as a rebound by Southeast Power stocks helped underpin sentiment. The Shanghai B share index rose 2.56 per cent to 71.34 points as turnover declined to a moderate US$2B.BB million.
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,001 words
    • 361 26 AFP QWPlndex -2838 TAIWAN share prices closed 0.4 per cent lower yesterday on selling sparked by a probe into Chang Hwa Commercial Bank's alleged illegal lending, dealers said. The Taiwan Stock Exchange Weighted Price Index shed 28.38 points to 7,P .49 points, on a turnover of NT179.85 billion. "The
      AFP  -  361 words
    • 1961 26 TOKYO Reuters AFP Q lfflUua22s -3M7 SHARE prices in Tokyo edged down 0.2 per cent yesterday as investors took profits on a rally that saw the headline index regain the 17,000-point level, brokers said. The Tokyo Stock Exchange's Nikkei--225 index closed 39.37 points lower
      Reuters; AFP  -  1,961 words
  • Page 26 Advertisements

  • STOCKS klse
    • 392 27 AFP [T|oampoatfl Index +2JO MALAYSIAN shares ended 0.3 per cent higher yesterday on a mild technical rebound but trade remained lacklustre, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 2.10 points to finish at 798.49 points. The second board index closed
      AFP  -  392 words
    • 8841 27 INDUSTRIALS Cmhmt protects 2000 Last Val Bay Nat Cap High Law Company lata 'OOP High Law P/I 5mll 420 310 Ajinomoto 370 20 5 370 340 20.2 130.0 1M 62 Angkasa 63 -I 4 63 63 *94 670 290 Apollo Food Hlg 460 unch 1 460 460 10.0 184 0
      8,841 words
  • Page 27 Advertisements

  • SGX clob & regional stocks
    • 1784 28 BOMPS JfcWARRAMTS Aug 29 ■t Mi tmml i^tnr aTu. a J u. sr*.- ajsss: s->« is 5 i2 *i a S -S 'it 4 I m >3 is .2 si J« i 26 1 n 2* 25 25.5 27 26 29.1 1 33 n 234 56 33.3 n.3 Armstrong W*****0
      1,784 words
    • Article, Illustration
      706 28 AFP H SET Mac «3JB THE Thai stock market gained 1.2 per cent yesterday, boosted in light trade by speculative buying of financial stocks, dealers said. The Stock Exchange of Thailand (SET) main index rose 3.52 points to finish at 909.24 points and the SET 50 index was up
      AFP  -  706 words
    • 263 28 AFP Composite Indei +M 5 PHILIPPINE share prices rose 0.6 per cent yesterday with the Philippine Stock Exchange Composite Index up 9.06 points to close at 1,514.25. Volume rose to 875.31 million shares worth 1.13 billion pesos from 412 million shares worth 802 million pesos on Monday. —AFP taf
      AFP  -  263 words
    • Article, Illustration
      620 28 AFP Q Composite Index -1(U33 INDONESIAN share prices slid 2.2 per cent yesterday amid rising fear of unrest ahead of the corruption trial of former president Suharto later in the week, dealers said. The Jakarta Stock Exchange Composite Index closed down 10.83 points at 470.84 points. Volume totalled 628.5
      AFP  -  620 words
    • 258 28 AFP QIBSE-40 ♦itas NEW Zealand stocks rose 0.8 per cent yesterday as Telecom New Zealand and Fletcher Challenge Energy built on earlier gains. The NZSE-40 index closed up 16.25 points at 2,109.99 on turnover of NZ5127.1 million. Telecom closed up nine NZ cents at NZs6.9l.— AFP imn «a mm
      AFP  -  258 words
    • 499 28 AFP HinOrttMriM *4j» AUSTRALIAN share prices gained 0.1 per cent yesterday despite a mixed resources sector as positive gains on Wall Street flowed through to market leaders, brokers said. The All Ordinaries index ended 4.0 points higher at 3,326.7 points, while the SP/ASX 200 rose 5.5 points to 3,369.4
      AFP  -  499 words
    • 282 28 AFP P Composite Index -&25 SOUTH Korean shares closed lower yesterday with the Composite Index down 0.25 point at 731.56. Volume was 251 million shares.— AFP m» AnemSeml «900 -100 Bratn Tecti a*0 Central Bank 640 uneh CheUComm V2JOOO unch Oat Gu Bank— 2020 -40 Deetanq Corp >730 uncti
      AFP  -  282 words
  • Page 28 Advertisements

  • 8424 29 SGX MAXNBOARD Transaction date:Aug 29 Or Or M Wt M-Wfe Last VM Day Latl Quata Dlv Oh VN Ml Caa Av* Hm> Ut c»m»«n| M> COOP) Hm> L*» Otfyac Mif C'yr M tiwi Prttt »o mm u m m n a oj u mj 1973 <13 50.3 II
    8,424 words
  • Page 29 Advertisements
    • 73 29 maaPm t MtS^ gm mm Cash for your shares! Call us at Come to us for fast, easy HOTLINE: 880 0688 f and hassle-free share loans \i at low interest rates. 9NGAPURA Ea CoaS,:34BW B T h K d^ 2 ,l!r Mlllllfll Wllfl Bedok: 445 8011 Bukit Timah: 467 1916
      73 words

  • Page 30 Advertisements
    • 656 30 Where to wine, dine and entertain UZ_ tuKcU wiH\ one cotnyUinent-wry soft- ArinU. A 1 ioy a <Hr»v»^ maol willi a vraw or Hi* city wtran you try its naw valua-odaad ixprtu Ml lunch. All manus induda a toup-obtra-day, coff*a/t»a and on* compfimantary toil drink, with your choica of a
      656 words
    • 53 30 I Savour local fare I and our award-winning Chatterbox I Chicken Rice. We arc open *h«Ußd«ny incase' I you have not eaten yet. Enquiries: 831 6291 YET? -B- 111 Ordurd Road. *****7 M: *****11 fox: 712 2)61 The Business 111nriF?| Contact Patrick Ang 9 740 1284 I or Amy Choo
      53 words
  • Page 30 Miscellaneous
    • 912 30 ■m tetnl '"TfITPi'BBTU- 7 30 New Candid Camera. 830 Masak Apa?. 102 to 6.00 am Real-time 8.00 Showbuzz. 7.00 Fikir Fikir. Financial Data. 830 AM Kid Central: Sesa- &30 Popstars. 730 Santai: Padu Padan. KH me Street. 9.00 Crimewatch. 8.00 Berita. l>nii| 10.00 Jamboree: Day gjo NewssTonight. 830 Detik. PM
      912 words
    • 262 30 CRYPTIC CROSSWORD ACROSS oteasant outcome (71 1 Making a noise and causing an- crib? (6,3) noyance (8) 7 Se nse hesitation in a foreign 5 Writing to give tips maybe about <B L, credit (6) 8 Cross right back to the SE state 9 Have a late meai with newsmen
      262 words

  • MONEY matters
    • 982 31  -  CURRENCIES Much depends on Japan's July industrial output figures, due out today larry wee IT'S been a pretty rough week for currencies like the Australian and New Zealand dollars as well as the British pound, but regional currencies except for the rupiah
      Source  -  982 words
    • 579 31  -  Estrada govt is also coping with more conflicts; last IMF tranche may be stalled By> James Putzel The writer is from the London School of Economics and he contributed this article to IDElAglobal.com's daily client faxes THE government of President Joseph Estrada faces a mushrooming
      579 words
    • 512 31 THE fall in the New Zealand dollar or Kiwi to a 15-year low of less than 43 US cents last Thursday has given rise to questions about why it has become so chronically weak. Recent losses partly reflect global capital movement trends, partly factors
      Source: Reuters  -  512 words
  • Page 31 Advertisements
    • 149 31 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I JAYAKANTJ. SHAH CO. (PTE) LTD (IN MEMBERS' VOLUNTARY LIQUIDATION), PERINTIS DRIVING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION), and COLOMBO FORT INTERNATIONAL HOLDINGS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE is hereby given pursuant to
      149 words
    • 304 31 IN THE MATTER OF THE COMPANIES ACT, CAP.» AND IN THE MATTER OF CQAL SINGAPORE PTE LTD (Volsiilsry j NOTICE OF RESOLUTION Al an R*inordinary General Meeting of (tie members of die above-named Company duty convened and held al People's tat Centre 101 Upper Croat Street *04-52 Singapore *****7, on
      304 words
    • 315 31 MTHE MATTER OF TVE COMPANES ACT. CAP. SO AND M THE MATTER OF TENO HBO HOCK MVBMMENIS PTE LTD (M VOLUNTARY UQUDATION) At an Extraordinary General Meeting of the members of TENO HENO HOCK INVESTMENTS PTE LTD duly held and convened at S Jalan Beear, H»-01, Singapore 2007 M on
      315 words
    • 328 31 MTHE MATTER OF THE COMPANES ACT. CAP. SO AND MTHE MATTER OF HOCK KEE REALTY (PTE) LTD (M VOLUNTARY UQUCATKM) MoncgnmanumnM At an Extraordinary General Meeting of toe nanttete of HOOC KEE REALTY (PIE) LTD duly held and convened at S Jalan Beear, MS-01. Singapore 2M7M on Mth Apr! MM
      328 words

  • THE CEO speaks
    • 921 32  -  Shell Singapore invests heavily in plant and machinery, but not at the expense of staff development, Eugene Low reports Eugene Low COMPANIES that invest heavily in fixed assets are sometimes susceptible to a particular danger the attention they fix upon their physical assets might come at the
      Photo: SIEW YAW HOONG  -  921 words
  • Page 32 Advertisements
    • 184 32 UOB\&p RIVILEGE BANKING 1 6 CEO SPEAKS. UOB PRIVILEGE BANKING LISTENS. i am/mm k i wi :ri- i (]/i At UOB Privilege Banking, we translate every in deposits or unit trust investments. Admittedly, Privilege Banking rv banking CE o's vision into results. Which is why we'll isn't for everyone. But
      184 words

  • SHIPPING TIMES
    • 214 33 Oana-Kyodo [TOKYO] The Japanese government yesterday unveiled the country's biggest oil recovery vessel, ordered by the Transport Ministry in the wake of a huge oil spill on the Sea of Japan coast three years ago. The 4,663-ton Kaisho Maru, displayed at Tokyo Harbour,
      Oana-Kyodo  -  214 words
    • 226 33 -mn CWTOMrMtai 0.72 OOt 6 Oman Hup 039 unch M2 Cosco Inwastmant—OJ9 uncti 47 Freight Links ai9 undi 70 MHoMngs 063 uncli 0 HatSuftHup 0-41 0JOl 1794 WCHaMngi-KX i60 urn* 0 JOWljnMilH— 0J7 mtft 35 KapptfCofp 1« uncti 232 u» 0.02 341 Kappal Marino 0.23 unch 769 KappalTata
      226 words
    • 597 33  -  Opening np of domestic industry will lead to lower freight and cargo handling costs; foreign business groups FYoml Alec Almazan in Manila FOREIGN business groups in the Philippines have urged the government to liberalise the country's restrictive cabotage laws that bar foreign cargo vessels
      597 words
    • 776 33  -  STSAIT TALK By I Seafarer ANYBODY with a vested interest in shipping, and especially tanker shipping, would be well advised to see the BBC's twopart report by its news magazine programme Correspondent. The first episode is scheduled to rim on BBC World on Sept 15
      776 words
    • 108 33 [SINGAPORE] Jurong Shipyard has christened two offshore floating units, the Petrobras 40 (above) and Petrobras 38. Calling the event an important step in Jurong's history, SembCorp Marine chairman Wong Kok Siew said the Petrobras 40, the world's largest floating production, storage and offloading unit
      108 words
    • 401 33 US cruise operator to speedup Costa's building programme Bloomberg [MIAMI] Carnival Corp, the world's largest cruise operator, agreed to buy the 50 per cent of Italy's Costa Crociere SpA that it does not already own from Airtours pic for
      Bloomberg  -  401 words
    • ENVIRONMENT pollution
      • 913 34  -  Although cruise lines have polluted waters in Alaska and elsewhere, many ships are trying to manage waste better By 1 Edwin McDowell NYT {NEW YORK] CRUISE ships were involved in 87 confirmed cases of illegal discharges of oil, chemicals, garbage and plastic in United States
        NYT; FILE PHOTO  -  913 words
    • 299 34 PACE ECUUne 6 AM. 3 13 Accord 8 6 Ahrenkiel M FoongSun 8 Appenship 5 W Links H Asm OCL 13 Fuh 7 Assets 8 6LWl 4 Austral 8 Gemartrans 6 Avant M CensliM 13 B'tang Mas 8 cw>al u BSA 7 Glory Hav H BTL 14
      299 words
    • 20106 41 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advwtisw V.ss.1 Voyag. T*lw>hon. I ETA ETA Advwtisw V*ssW Voywj. SIN D*st'n Nam* Nam* Numbw NumDw SIN D*stn Nam* Nam* Numbw Nuntow I 14/09 24/09 Harbin TENC VON ME 515 65-*****35 To ABIDJAN (ABJ) 2003 Cote D* I voire U» rF1 70w 65-*****12
      20,106 words
    • SHIPS IN PORT
      • 711 47 Vtss«l Voy Mo Btrth Arrlwal Departure juort-Atf 4 Jmm *'jOf 29/06/3:40 30/06/6.00 tTa,£l 9 J04 29/06/6:30 30/06/6.00 Bt R8 2598 JOI 29/06/8:30 29/06/17D0 LIjit 09-00 J02 29/08/7:50 31/06/23:00 WreUrS mOO J03 29/08/7:10 29/06/2359 C ProiAs 29-Au<j J*> 29/06/8:40 29/06/15:00 S«s„,»rn8 M0212 J03 29/06/9:35 29/06^6^0 EoSfrwn 6 1H J07
        711 words
      • 1926 47 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Boofcing/Manc* Rstls Ship Voy No Etb/Btr Pwkx) Fro« To From ACE COHT* A£0045 31/8:00 8 21/800 it/*59 21/800 a a/woo a/o*59 nntoo a 21/1700 29/0*99 !Woo 3 a/0700 29/189 21/1400 4 29/1200 29/M59 29/1700 ACTUMM 07*00* 30/23*0 i" WM a/MW
        1,926 words
      • 167 47 An* 31 Malaysia: National Day. Bapl2 Korea: Harvest Festival Day. Taiwan: Mid-Autumn Festival. Sap 13 Hong Kong: The day following Mid-Autumn Festival. Sap 15 Japan: Respect for the Aged. Sap 23 Japan: Autumnal Equinox Day. Ootl China: National Day. Oot 2 Hong Kong: The day following National Day.
        167 words
      • 795 47 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 market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the Individual
        795 words
      • 346 47 Carlo* 180 Max 990.1 o.ft «i n«niitr Water leildm Ash MmMm SiAMtt No ibOM E2S 0 0 4 2ai2 *****2 2= 390 Am 987.6 0.6 02 0.07 35 0.03 ta£ 380 Mu 997J 6.9 17.4 0.17 73 0.07 «Ori m/m mt rntmt Mo*»w635 6 I 2
        346 words
    • AIR & LAND transport
      • 575 48 Flight cancellations dropped from average of 190 per dayinAngostto 47 on Sunday Reuters [CHICAGO] United Airlines, the world's largest airline, cancelled fewer flights after reaching a tentative labour pact with its pilots, but it could be some time before schedules are totally back to
        Reuters; AP  -  575 words
      • 466 48 Bloomberg (AMSTERDAM] Schiphol Group, which operates Amsterdam Airport Schiphol, said first-half profit from operations fell 14 per cent as a result of rising costs for operational improvements and preparations for its initial share sale. Profit from operations fell to 176 million guilders (*****.88
        Bloomberg; FILE PHOTO  -  466 words
      • 186 48 Reuters [GOOSE BAY, Labrador] An American Airlines jet with 172 people on board landed safely after reporting an electrical problem over the Atlantic Ocean, emergency and airline officials said. Flight 131, a Boeing 767 jetliner with 160 passengers and 12 crew, landed on
        Reuters  -  186 words
      • 337 48 Bim it» puMMW traffic on both domestic, int'l flights Bloomberg [AUCKLAND] Air New Zealand Ltd, New Zealand's dominant carrier, yesterday said second half profit before onetime items rose 87 per cent, as more passengers flew on its domestic and international flights. The company, 25
        Bloomberg  -  337 words
      • 114 48 World's biggest airlines [LONDON] A merger of British Airways and KLM Royal Dulch Airines, under negotiation, would create tie world's third largest canter, according to an annual survey from industry magazines Ajrfine Businessand Fl£* International. If Singapore AMnes were counted together with the three major earners in
        114 words
      • 1680 48 an fucmt n* fubit no m m nmnm an mwv owe So S0/VHI75 «30 StfW176 1035 iJSo 1K0 WW MB flUl—i U.0843 0435 U.0838 2255 iSB! Km 848 01 SO 23 0645 ****** 2325 **WM *T97 W5 AT98 205 M979 #35 S0328 2325 W» 1 ******
        1,680 words
  • Page 33 Advertisements
    • 31 33 Cruise lines under pressure to be greener Pg 2 United, pilots reach tentative accord Back Pg ma^iise mar gj ns j EM The E-marketplace for surplus FCL/LCL ocean cargo space www.cargoexchange.net
      31 words

  • Page 34 Advertisements
    • 1223 34 I NORTHAMERICA I I EXPORT 1 I OTHER DESTINATIONS I BSX-SUPER SHUTTLE EXPRESS-OIRECT TO LONQBiACH WEST COAST OF CfMTRAL AMPUCA PiAWOAfCTA SERVICE) «ssa vot etasm LOMKAOt NUAS Houston (MCMO mwtom nKOorT vtssa vot W'l rr-OKTZMI acajotu sanioobpo cobmto rrcauoda wawtma saunac»uz ESSS muT M/M 30/ M IS/M M/M 20/ M
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    • 649 34 Lines services represented by IS Members of the Registry of Members of tbe nJhSSmS/ Accredited Shipping Agents, Singapore Logistics xL«I- 2/ Singapore Shipping Association Association g ULY UNI MALI Ivissa voy [ra flu eta P. HUNG STORE MAU Empress Lily VO7OO 27/08 31/08 06/09 Princess Lily VO6OO 13/09 15/09 23/09
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  • Page 35 Advertisements
    • 1041 35 TO EUROPE FROM EUROPE Ivcsa VOY Ml WW AIM HAM MV SOU FIT UN IvTsSa VOY I ITM ANR HAM MTV SOU FIT UH SW I IMAMS S63W 31/08 23/09 20/09 21/09 18/09 APIAUMMMB 314E 17/01 09/08 10/0007/01 31/00 ■OSa S3SW 01/09 17/09 10/00 23/00 23/09 Afl AGAR 021( 11/00
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    • 1754 35 ®HANJIN SHIPPING ilk Pi t MsLot -S*s 7J***** HAJUM SHIPPING (S) PTIITO hup //mm. Imp am IOOUNG *****3S 237 SAIB *****74 731 DOCUMENT *****71 774 OfBUTIOK *****50 751 MAIN LINE *****55 FA* 53*1145 a M **********0 M TO NW USA A CANADA I USA f ANAPA* Hi VSI/VOY *M IMHAUL/VOT
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    • 448 35 VBSa VOT SIN KG VOY sm HKG kl usm wis w jCT SUB MKHOWWONG OIK 70/00 30/ M 0170 31/ M 04/P0 00/00 00/00 00/PP 0/w UITC PUSAM 012S 01/00 01/D0 10/00 12/00 13/00 5EU&5** filS IZ2! lag CAIU tKKMQK 001S 10/04 12/64 M/ 00 MMBMUMW 0051 07/90 00/00 00/04
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  • Page 36 Advertisements
    • 1695 36 SENATOR LINES TO UK/CONTINENT TOMECTTERRANEANdANADA Vtaa Wf II LEH NTH ANN HAM MV FU VOY «N 6FT tK FOS WX WIN POHMte SENATOR NI3W 22 N M M INN 11M 12 N 13 N M R CHOYANG CHANCE WWW 24 M INN 12 M 14 N lIM SN HANJN NEW
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    • 908 36 ■IAA MAC-NELS S PORE M'SIA r-— —H Carrton MM CONTR LINES, INC p. gudamq: (ot) zmrrx J ON WO» **********08 SOU: (084)*****8 MAMLA: (632) *****34 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P.KSAHQ: (03)*****77 JKT: (21)*****46 KUCHBOQ (083) *****1-3 MANZANILIO IMEXICOI MV "P&O NED SAO PAIIIO" V.3008E ETA
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    • 696 36 63 C£? EXPRESS CONTAINER FEEDER FOR N.SMEVA (CFS MULUNO. MUMMtCOLONM ALSO ACCEPTWG TO Mi. NORTHERN AMD WESTERN 1.C.0. POWTS Vmstl S PORE N. SHEVA COLOMBO P KLANG CAPE CANAVERAL V 12IW S3 SEP 12 SEP If SEP 22 SEP TUISIOAS Vl3O II SEP 11 SEP 23 SEP 21 SEP CAPE
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    • 1730 37 IQVISSH. VOY HKO KHH SIN I PKI OXB »A> PMM BIK IRAN HORMOZOAN PCL-169 25/08 27/08 31/08 01/09 08/09 09/09 11/09 13/09 IRAN TEHRAN PCI-170 01/09 03/09 07/09 08/09 15/09 16/09 18/09 20/09 IRAN TABATABASI PCL-171 08/09 10/09 15/09 15/09 23/09 24/09 26/09 28/09 IRAN KERMAN PCI-172 16/09 14/09 20/09
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    • 1086 37 Wt woi iYHnr I W ""SP 1 j IWtSMY I MUM EVERY SHIDAY J I GENERAL AGENTS IN SINGAPORE: SO ROBINSON RD TEL: 226 1900 FAX: *****08 OUTWARD (l/L) *****02 JOHORE OFFICE; I COSTAR SNIPPING PTC LTD #12-00 sales/ wgs 420sis//43 inward dipt (d/ 0) *****16 COSTAR AGENCIES (M) SDN
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    • 1042 37 EXPORT I IMPORT oisj ;jjim jj gj jgg*w lf» 'iffi jgjj :ww: HISANSBI ~'ol SW [10/10 177/10 W/10;M/10| 31/IO[Ql/11 lw/11 IjuSlßß Ota 1 14/W 14/09 I 11/W 1 71/09 I 00/10 nant tiMOßhi i niM iim— wmii- wrm nmMtwwaiwuy TRANSMCmC soevicf EXPORT IMPORT VIS SB VOY SM LGO OAI [KOPIW
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  • Page 38 Advertisements
    • 636 38 K»Q»«yUK/KA»»>aVU/WNUWP/iUMU trnvtcn row VBSa/VOTMI |W liwi HDG THP IB 7""* g ALSO ACQPTM6 CARGO TO AMD FRORk- FINLAND, MNMAM, SWEDEN, lUSSIA i NORWAY HHIIimWAH/MACK «WWOW MWICB EXPORT vßsa/voTAGt |sgp |gk> |v» |oe Inu Im |wv Inr zk ami oosmosk 61 LTULISSSOOSWO3*! t(VW 22/W HW|*W|»W 27/W 2&W 3M» 01/10 ITIHBHIIHMaif 17/W<
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    • 348 38 mamum p—iiri i oui/ißwi um conwir bmo wow VESSEL VOYAGE SGP CJAI OUR JIA ABU DMN BAH KM NXV MM Mi 01/W- 12/W- 14/W 11/W UN ADROIT 042M23W 04/W 01/W IVW- 14/W 15/W UN ASSURE 0140-013W 05/W 14/W- 15/W- 11/W YU HE oismr 01/04 14/W 71/W 25/W--UMASne *****25W 11/W 15/W
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    • 675 38 PACIFIC INTERNATIONAL UNES (PTE) LTD A 140 teed Street, #03-00 PIL Building, Singapore *****0. CR NO **********0E 1 I|»P» W» no w«a M mul«w I M I I {am, m 7 ,7, ooi a/9 i>/f 14/0 ii/i I I I Ivtssa vot ITpi mi mroi mcwsMinwnitcwi I MMGATHASa 411 13/1
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  • Page 39 Advertisements
    • 469 39 i bsaiTl M MYANMA iBBBk FIVE STAR UNE r (Myaamr National Liro) W Loading for Yaogoa vessel vor sm m m kii SAGAMG IBM SU> SITTWI 94W 31/01 MALAYSIA AGENTS: OOUSTEAD SMVfMG AGENCKS lllk IH 03-2417)00 PRL Til 03-*****101 ret m 04-*****02 rat m 07-*****21/4 BANK LINE (A Mrvki of
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    • 1269 39 HMN& I HYUNDAI MERCHANT MARINE CO., LTD. Ivtssa VOY SM 50M UH RIM ANT HAM MV IVESSfI VOY I SOU I IB! I IIM I ANT I HAM MIY ISM I THAME 543# 31/01 11/09 23/09 20/09 21/09 API AIMAMMC 3141 07/01 T7/06 09/01 10/00 31/00 MOSa S3SW 01/09 22/09
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    • 813 39 Wtw WALLENIUS WILHELMSEN I TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT SCRVKE" fVKSO VOY I RAMP HDGMT SW LK MAO |MU SAV BAL Otf |NYC KW m6T~| TOM AHOir 4001 ms 6JM TW 09/10 WTO M7TO~ WTO~ WlO" *****" 27/10 WiT 05/11 TAJtOHGA AHOI9 4001 m 6JM 24/09 2S/10
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    • 1462 40 INDONESIA NATIONAL LINE TO AUSTRALIA "1 wjLLCOWPMWEnaenvicg va jwt m m m vn m m m. m tfliwm V S/Ml9/M M/W 10/00 IS/W HiMUU "»T M/HK/H Tvw 17/W IVW ~n/w iammi ~m_ 11/w n/oo w/w"^ hwiiow ms aw iyt» w/mi/wn/ii M/to FEEDER SERVICE TO INDONESIA vv voy aww wiro vatum
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    • 54 43 JH YANGON See Page 5 Daily See Page 14 COSTAR SHIPPING PTE LTD EAGLE CORPN. (PTE) LTD COCOS CHRISTMAS ISLAND I ADAM PORTS^ WESTERN AUSTRALIA fill I VIII VII Turn to Page 8 Daily TURN TO Page 7 i SDi ASSETS turn CHIPnWNFK A manager; ptf ltd MIL NAIGAI TRANS
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  • Page 44 Advertisements
    • 50 44 linl I I |BB| mow I ni¥> vor [Ml p*i I m 1 phu m sw piuu wd [HI on I o»i ML JMLJBI 01 D 29/00 31/ M 03/09 04/09 D 30/09 04/10 11/10 10/10 12/10 01 MM ,0/0,1,3/0, 10/0, 25/0, 71/091 30/00 |H| 23/10 27/10 03/11 02/11 04/11
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    • 33 44 METROPORT SNIPPING SDN. BHD. gRBi SINOKOR MERCHANT nM.l—iNNta.mM.Mte«*r*. bBB marine co. f ltd. Igjgßliy te: >,^r FARWIDE SNIPPING AGENCIES PTE ITD EXPORT W: 221-M22 (S Ums) hi: 226-1514 ■•■rax sue. audit VltfV. tHIIMr.ViHr.
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  • Page 45 Advertisements
    • 1105 45 SSAMUDERA SHIPPING LINE LTD 72 Inw Ind, #04-01 to 03, Siagapar* *****1 MAW IME/OUTWAtD: 532 36M INW AID (WOh 437 13U HIPOtT STATUS 437 2420 f Wfc«H«-http;//www.i«wi>ra.«—i Ct NO. **********0N 11. BOOKINGS UWI; 535 6266 (Celia/Jessica/Mei Chon/Jeslynn/Pora/Yvonne/Honim) Q39KBKBH sslgs/WKKLY [fflfliliMiJlMl 3 SLGS/WKKLY |||j Ytsstl VOY SI JAK VC«I VOT SW
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    • 992 45 i ii iiiiii SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO i P«0 IS«| m SIM |*W I POO I <M 0 I OQM IHMI«nI 9« W I I HOtGH miheiva /MSI 22/00 n/oo omo. 03/10 JMO JO/lt. J2ZIB. JZZIIHZIL JKIL -3/11 JgZIL ijl/IL. HmcMDMi/ossi ***** 11/10 21/10 23/10 02/11
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    • 603 45 ENG LEE SHIPPING CO PTE UD UraO W: *****23 (10 Umi) hit U3N3t/S32MM I Bin hwwmiii I VCSSCL VOT SM ETA SM ETD DCSTMATKM Unwi Star 37 17/00 77/08 78/08 Swatooro Gondc 8/00 79/08 31/08 Jtkortc Smo Central 9/00 01/09 07/09 Ouno/P Bow/Peiwwng (Jngui Joyc 17/00 03/09 05/09 Bm^Nm# UnonSwß
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    • 569 46 I VESSEL VOY SIN MAA SIN TIGER METRO 829N 3101/09 06-ofto9 14-15/09 TIGER STAR 830N <»04/09 09-12/09 16-17/09 TIGER RHYTHM 831N 07-oat)9 12-1509 20-21/09 TIGER BRIDGE 832N 10-11/09 16-19/09 23-2409 TIGER METRO 833N 14-15/09 19-22/09 27-2809 TIGER STAR 834N 16-17/09 22 25/09 29-30/09 I VESSEL VOY SIN CAL SIN TIGER
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    • 1114 46 igm, FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Rood, 3rd Ltvol, V Freight links Express Logisticentre, Singapore *****3 Tel: *****11 Fax: *****77 E-mail: flesindsingnet.com.sg WAREHOUSING LOGISTIC SERVICES ENQUIRY CONTACT: CLEMENT CHUA 9688 5404, VINCENT SEE 9678 5760, SUNNY YEOW *****323 EMAIL Website http: //www.freighHinks.net service SIMOAPORK TAMPON i AWTT MNQAPOM
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  • Page 47 Miscellaneous
    • 117 47 R Thunderstorm Ram Temperature wind direction and speed in knots m Weather w Cloudy Day c><3 Hazy Sea Conditions Wind speed symbols 1 Slight><l 2 m O Full circle w/o line indicates calm or light and variable winds 1 :K -i—-One half flecho represents 5 knots Moderate, m —.One full
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    • 352 48 Uns Otwhob Li»■ In Ucmmsm (w mm» Imamimi':Gum* Scon** UK) Maim Smi tr Auction or Hmrr tmmumm Puht EqwrNMT, Ik Hugh Smith poo mm i 4* a* ton i jm VBmoa. Pl«« Ibbwc lotis (Camou or nndnk run !■> IWO,(»OIIB>KTW«).IIKOU>SI»SWCTMMBtW»>*ni*TW»4*M' W»gWW TWO 21$SMP Packs roo LOAOOUT TIMBKMT m STMKTUOB or
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