The Business Times, 10 October 2000

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Microfilm: NL21968
Total Pages: 50
1 50 The Business Times
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  • Title Section
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    15 1 THE BUSINESS TIMES MITA (P) 035/12/1999 85C SINGAPORE Internet: hup://business-times.asial .com.sg/ TUESDAY, OCTOBER 10, 2000
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  • Article
    Lock icon MARKET SUMMARY
    70 1 □m IyBB7JLB (-7579) QBT-SBI mm nui (-24.94) ST INDEX rvrunES (-78.00) □smsci FUTUIES 244.40 (-8.60) STOCK MARKET INDICES Monday Change KLSEOOMP 704.99 AM NIKKEI 225 dosed HANG SENG 15,***** -491.18 SET INDEX ***** 4.39 JAKARTA OOMP _41M6 4.64 MANILA COMP 1.366.01 23.99 TAIPEI WPI -142.61 SEOUL OOMP 589.18
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  • Article
    Lock icon FINANCE
    75 1 FOBEX BATES uss s$ USS 1.760 £(US$/8$per£) 1.448 2.533 EURO(US$/S$/E) 0M9 1.520 DM 1281 1587 YEN 109.1 62.30 RM 3500 1172 HKS 7.797 4.466 BAHT 4163 2430 RUPIAH 8310 5,036 Avert# at 10 teaks. "Float Central Bank discount ratw P1IHE BATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA .39.00 BANGKOK
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  • Article, Illustration
    Lock icon Conveyancing lawyers brace for fees battle
    1194 1  -  miaiMiiunfj Their biggest revenue source set to plnnge when fees are freed up in a year or two By Lee Han Shih [SINGAPORE] Singapore lawyers face a "blood bath" when their single biggest source of revenue conveyancing is liberalised next year or the year
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  • Article, Illustration
    Lock icon Singapore stocks dive 4% to four-month low
    521 1  -  Selldowu overdone as fundamentals are good, say analysts By Ven Sreenivasan [SINGAPORE] The local stock market suffered its biggest single-session fall in years yesterday as investors panicked over a possible tech stock meltdown on Wall Street. After struggling to stay above the critical
    Source: Reuters  -  521 words
  • Article
    Lock icon High oil prices unlikely to dent growth: BG Yeo
    558 1  -  But transport fare hikes unavoidable if prices stay high By Anna Teo [SINGAPORE] The Singapore economy will do well for the rest of this year and in 2001 despite high oil prices, Trade and Industry Minister George Yeo said in Parliament
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      108 1 INSIDE Top Stories Chiyoda Life files for protection. Its 2.94t yen debt makes it biggest ever Japanese corporate bankruptcy. Pg 26 Indonesia names new army, navy chiefs. Mmxt Page Ibra on course to raise 18.9t rupiah this year, says vice-chair-man. Pg 20 IPO Watch: Frontline Technologies to offer 150 m
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      8 1 Market updates For today's market updates, go to
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      201 1 Q3 QDP •sthnatM The Ministry of Trad© and Industry win release the third-quarter 2000 advance QDP eeMmateefib morning. Fun dtMte w« be avalabie, from atevt Bam, at httpaffbumki— «—Mritf .#—.e|| More reports, Pg 9 S2b Sing Tel, Star Hub payout justified Maersk's shift does not reflect badly on PSA: Cheow
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  • NEXT page
    • Article, Illustration
      Lock icon BT to work with NewAsiaWoman website
      369 2 It will help package news, information for businesswomen, highlight success stories [SINGAPORE] The Business Times will soon feature more articles on women in business, in partnership with a new Internet website tailored exclusively for Asian women. The New Asia Woman, com site, launched yesterday
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    • Article, Illustration
      Lock icon Gus Dur replaces army and navy chiefs in new revamp
      513 2 He emphasises need to increase professionalism of military Reuters [JAKARTA) Indonesian President Abdurrahman Wahid yesterday dumped his army and navy chiefs in a widely expected move as he tries to bring his unruly military to heel. Mr Abdurrahman replaced Army
      Reuters; REUTERS  -  513 words
    • ON THE grapewine
      • Article
        Lock icon Cash or cappuccino?
        88 2 SHOULD bank branches be renamed outlets? This turned out to be an issue of sorts at the reopening of OCBC's Specialists' Centre branch yesterday. Officials did not seem to take too kindly at first to journalists' repeated references to the branch as an outlet. But after a
        88 words
      • Article
        Lock icon E-labour of love
        108 2 NEVER underestimate the power of a misdirected question. At a recent conference, a member of the audience asked one of the presenters whether luck had anything to do with the success of e-commerce venture capitalism. The presenter misinterpreted the question as "What does love have to do
        108 words
      • Article
        Lock icon Mama mia!
        70 2 WE all know one of the most coveted awards for any firm is that given by the Geneva-based International Standards Organisation or ISO. But what international standards does a karaoke lounge have to comply with? Club Tycoon, a KTV lounge at the Novotel Apollo Singapore, says it has
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    • Article
      Lock icon Japan, Singapore trade pact will be a 'New Age' deal
      453 2  -  Agreement could be concluded within a yean Japan minister By Vikram Khanna [SINGAPORE! The Free Trade Agreement being considered" between Japan and Singapore will be a "New Age" one that is "without precedent" and could be concluded within a year,
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      284 2 Singapore "W g* *g J j* s 0 9 Lifelong Education I THE Pffl UNIVERSITY OF UNIVERSITY SOUTH AUSTRALIA OF HULL "Ranked Among Australia's Best Universities" MBA BEd <&> mba (General) Early Childhood Education (with Hons) Singapore 2nd Intake Nov 2000 MBA (Strategic Marketing) 15-18 months; 12 courses MBA (Finance)
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      158 3 IHy£gp*mjfc I, Si r > -> J H >■ saMm/j 1 it S§B I B IaPWiSnWK S J 41 1 >: flßßKmi *wi '^HH^ 3m&g ®fcs^i? 1 v; v sJKigfe. l. ii^S j •§S f'"l t« v 3'iV- "v~ ?Ss£ Sf2 w 4 r > r*' r ?vr '■7>'^-:| v
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon SingTel disagrees with IDA stand on tax
      474 4  -  It points out that IRAS has niled that compensation does not attract tax !ty Teh Hooi Ling IN a surprise development, Singapore Telecom yesterday disagreed with the position of the Infocomm Development Authority of Singapore (IDA) that it cannot keep the full $1.5
      474 words
    • Article, Illustration
      Lock icon Royal Clicks mainboard listing slated for Thursday
      419 4  -  Holding company of Royal Sporting House takes Showpla's place By Andrea Tan ROYAL Clicks, the holding company of Royal Sporting House, is expected to list on the main board of the Singapore Exchange (SGX) on Thursday after a reverse takeover of Showpla Asia.
      WANG HUI FEN/PROJECT KYES  -  419 words
    • Article
      Lock icon Citye shares fall 15% to HK$0.76
      462 4  -  By Serena Ng SHARES of City e-Solutions (Citye) the former CDL Hotels International were consolidated yesterday and performed dismally in the weak market. The shares closed at HK50.045 last Friday, and yesterday were consolidated from 20 to one as part of the company's complex
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    • Article
      Lock icon Owners of Bintan resort pay high price for bond default
      539 4  -  HocKfmicjfdui conrad raj THERE was a time when face meant everything be it a person or a company. But sadly, this doesn't appear to be the case these days. Otherwise, how can you explain the failure of Bintan Lagoon Resort
      539 words
    • Article, Illustration
      Lock icon UOB to guarantee currency trade of at least $1m
      309 7 But holders of such accounts will not get any interest Bloomberg UNITED Overseas Bank, Singapore's secondlargest lender by assets, is promising account holders who trade at least $1 million of currencies through the bank they'll never lose money. The bank is
      Bloomberg  -  309 words
    • Article, Illustration
      Lock icon ABN Amro plans 1st off-site ATM; OCBC opens branch with cafe
      499 7  -  By\ Serena Ng ABN Amro bank announced yesterday it will soon have its first off-site automated teller machine at Centrepoint Shopping Centre. And OCBC officially reopened its renovated branch in the Specialists' Centre complete with coffee joint, in a
      WONG MAYE E/THE STRAITS TIMES  -  499 words
    • Article, Illustration
      Lock icon Frontline to offer 150.6m shares in IPO
      542 7  -  BTiamiu.uj 38m shares for S'pore offering price likely to be $0.40 each: source Andrew Wee FRONTLINE Technologies Corp Ltd is expected to offer 150.6 million new shares for its initial public offer to be launched on Thursday. According to a copy of Frontline's
      FILE PHOTO  -  542 words
    • Article, Illustration
      Lock icon Ho Wah's billion-$ deal hits dead end
      375 8 USss7o4m China toll road agreement lapses despite several extensions to deadline THE hopes that Ho Wah Genting International had placed on a long-delayed billion-dollar China deal have come to nought. The company yesterday said the US$7O4 million (Ssl.2 billion) deal to buy the
      AFP  -  375 words
    • Article
      Lock icon HLA buys concrete supplier for $3m
      209 8 HONG Leong Asia (HLA) has acquired medium-sized ready-mixed concrete supplier Optimix for $3 million. The acquisition was done through its subsidiary Island Concrete. The combined market share of Island Concrete, the existing HLA ready-mixed concrete company, and Optimix will be around 12 per cent
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    • COMPANY Briefs
      • Article
        Lock icon SembCorp sells HK biscuit plant
        41 8 SEMBCORP Industries said wholly-owned Singapore Technologies Industrial Corporation has disposed of its entire 40 per cent shareholding of 4.8 million shares in Far East Biscuit Factory (Hongkong) to Khong Guan Biscuit Factory (S) for $5.8 million.
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      • Article
        Lock icon Manila approves DBS move
        78 8 AFX-Asia [MANILA] The central bank policy-making Monetary Board has approved a plan by Singapore's DBS Bank to increase its stake in unit DBS Bank Philippines Inc to 100 per cent from 60 per cent, central bank deputy governor Alberto Reyes said. He added that the central
        AFX-Asia  -  78 words
      • Article
        Lock icon OSK completes deal with Kim Eng
        37 8 AFX-Asia [KUALA LUMPUR] OSK Holdings Bhd has completed a deal to wholly acquire Penang-based Ke-Zan Securities Sdn Bhd from Singapore's Kim Eng Securities, The Edge weekly reported, without citing sources. —AFX-Asia
        AFX-Asia  -  37 words
      • Article
        Lock icon Name change for Econ units
        34 8 ECON International said its wholly-owned subsidiaries, Econ Piling Pte Ltd and Econ Resources Pte Ltd have changed their names to Econ Corporation Ltd and Econ Corporation International Ltd respectively.
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      • Article
        Lock icon Corrections & Clarifications
        74 8 Corrections Clarifications Our report on Saturday "Staking out a place in cyberspace quoted Peter 800, the former chairman and MD of MHE Holdings (now known as Cybermast), as saying that he had sold 19.61 per cent of his interest in the company "to Mr David Lim, chairman of Freight Links
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    • Article
      Lock icon Ace secures options, buys $9m property
      325 8 It eyes stake in compact disc maker, bigger share of joint venture INDUSTRIAL gas and equipment supplier Ace Dynamics has secured options to buy shares in two companies and has agreed to buy a piece of property near the proposed Serangoon MRT station. Under
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      92 4 Sole Agent: 'P jTljlllC\lioW n Head Office: 4 Chang Cham Rd, Singapore ***** J I I OII3VIC™ VJvll Pte Ltd Tel: 474 09SS Fax: 474 0977. Email: golfQtrantvlewgolf.com. ig #02-46/47/48 Specialists' Shopping Centre Tel: 732 0955/6 J #01 -05 Mandarin Hotel Shopping Arcode Tel: 738 1155 #02-25/26 Far East Shopping
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      5 4 S2b payout justified, Pg 9
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      147 5 WE'VE EARNED. ONE OF THE HIGHEST BANK CREDIT RATINGS IN ASIA. Li/ke a-rwerne C/0/v\ \\rw*\ \er u-rtvr p-era-rnfl/f OEE-*Jjgv 3fr.\.i .<« m jgfTßF '•*);J, 'Yi*% Jjjß y jgpif^Hk -v, **5 wr fIK 9wWF^' ww^'" 1 a V M JH <1 K IBBy I f v w >3 _j3« >;- 1%
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon STI falls 3.9% to below 1,900 as investors sell tech stocks
      489 6  -  STOCKS ven sreenivasan THE Straits Times Index crashed through key support at 1,900 points yesterday as investors dumped technology counters and blue chips. Traders said sentiment was dampened by fears of a Wall Street tech stock meltdown. Jitters had
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    • Article, Illustration
      Lock icon Steer clear of overpriced Guthrie warrant
      162 6  -  WARRANT WATCH Ven Sreenivasan THE Singapore stock market's benchmark index tumbled almost four per cent yesterday, chalking up one of its worst single-session falls in years. Under such circumstances, one would expect most warrants to fall. After all, warrants are bull market instruments. Still,
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    • Article, Illustration
      Lock icon SingTel to see strong support at $2.60
      240 6  -  HOT STOCK By Serena Ng THE stock of Singapore Telecommunications has been fluctuating within a narrow range in recent trading sessions and looks likely to consolidate at current levels. The counter yesterday closed 7 cents lower at 52.62 on a volume of 2.28
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    • Article
      Lock icon Market Notices
      133 6 JURONG Engineering's Indonesian associate, PT Cilegon Fabricators has increased its paid-up capital by US$l million (Ssl.7 million) to US$B.35 million. PT Cilegon's main activities are the fabrication of steel structures, pressure vessels and container cranes. Despite the increase, Jurong Engineering's stake in PT Cilegon remains unchanged at 39.8
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    • Article, Illustration
      Lock icon Regional currencies under pressure as bourses tumble
      323 6  -  JUyLaaaJbyUMMil CURRENCIES larry wee ASIAN currencies were put on the defensive yesterday by bad news from the US and Japan, although thin trading due to holidays may have limited their slide. But the holidays in Japan and the US did not prevent the
      Source: Reuters  -  323 words
    • Article
      Lock icon Untitled
      480 6 Stock* Volume Sea town 5c 121,676,000 NatElec 10c 7,871.000 Eastern Asia 5,941,000 PacificCenturylOc 5,381,000 SMRT10C 4,955,000 SPH 4,860,000 NOL 4,327,000 STEngg 10c 4,195,000 ChewEuHock 20c 3,857,000 Chart Semiconductor 26c 3,260,000 Stocks SPH 117,510,190 Chart Semiconductor 26c 28,874,840 NatElec 10c 27,827,320 VentureMfg25c 25,980,770 Datacrafl 10c 23,458,579 DBSQrp 21,296,121 City Dev 50c
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      545 6 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 Penguin Boat International Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT PENGUIN BOAT INTERNATIONAL LIMITED (THE "COMPANY") ISSUE OF 80,000,000 WARRANTS ("WARRANTS") TO SUBSCRIBE FOR UP TO 80,000,000 NEW ORDINARY SHARES OF SSO.IO EACH IN THE CAPITAL OF
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      376 6 THE COMPANIES ACT CHAPTER SO Section 290(2)(b) NOTICE OF RESOLUTION LEE CO (RESEARCH) PTE LTD (In Members' Voluntary liquidation) At on Extraordinary General Meeting of lee Co (Research) Pie Lid held of M Robinson Road. *07-02 Far East Finance Building. Smgopo<e *****5 on the 3rd day of October 2000. the
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      45 6 Grow Your CPF With eiBht Important All applications for units in eight must be made on the application forms accompanying the prospectus Investors must read the prospectus The value of the units and 4ie income from them may fall as well as rise Q| 45SBAN<
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      82 7 Thousands of recruiters are using JobsDßcom's cost-effective and easy-to-use Recruitment Management Solution. At just Ss99 post a job advertisement on JobsDß.com. PidS 0 Job Posting Management create your very own recruitment folders and view response to your job advertisement real-time. Resume Management no more piles of resumes on your desks
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      5 8 1 singaporefinance.com.sg I Ati fj
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      23 8 pk mem^ Create a romantic holiday for you and your loved one through The Straits Times Classified. Buy h Scfl h FW K
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      1483 8 JUL yMulttoChem MULTI-CHEM LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 95 South Bndge Road. #07-28, Pidemco Centre. Singapore *****7 at 10 00 a.m. on 25 October 2000, for the
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  • SINGAPORE news
    • Article, Illustration
      Lock icon $2b SingTel, StarHub payout justified
      605 9  -  PARLIAMENT Cheow Tong calls it 'a small price to pay' to sharpen Singapore's competitiveness Reports by Anna Teo AGAINST a barrage of criticism, Communications and Information Technology Minister Yeo Cheow Tong said the $2 billion payout to Singapore Telecommunications and Star Hub was "a small
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    • IN Brief
      • Article
        Lock icon Nod for compulsory education bill
        57 9 PARLIAMENT yesterday passed a bill to introduce compulsory education in Singapore. This stipulates a minimum period of education for all Singaporean children up to primary six, "even though 10 years of general education would be ideal", Education Minister Teo Chee Hean said. Certain groups, such
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      • Article
        Lock icon Boost for SMEs in the pipeline
        94 9 STRATEGIES and measures to help small and medium-sized enterprises, set out in the SME2I blueprint, will be rolled out in the next two years. These measures would address the needs of SMEs at the enterprise, industry and broad-based levels, said Trade Industry Senior Parliamentary
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      • Article, Illustration
        Lock icon HDB income ceiling to stay: John Chen
        71 9 THE Housing and Development Board has no plans to revise the income ceiling for HDB flat applicants, Minister of State (National Development) John Chen (right) said yesterday. The current income ceilings are adequate to cater to the housing needs of most Singaporean families,
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      • Article
        Lock icon Longer Q&A session
        53 9 THE question-and-answer session that kicks off each Parliament sitting has been extended by a half hour to 2pm. MPs have complained that the hour-long session is too short, said the Leader of the House, Home Affairs Minister Wong Kan Seng, in proposing the change, to be effective
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    • Article, Illustration
      Lock icon Maersk's shift does not reflect badly on PSA: Cheow Tong
      527 9 PSA is committed to providing value-added, cost-competitive services THE decision of Maersk Sealand, the world's largest container line, to relocate its hub to Malaysia's Port of Tanjung Pelepas (PTP) does not reflect a lack of competitiveness on the part of
      FILE PHOTO  -  527 words
    • Article, Illustration
      Lock icon Foreign reserves hit records $136b
      239 9  -  liy Ling Su Ann SINGAPORE'S foreign reserves surged 1.9 per cent month on month to a record $136 billion in September, preliminary figures from the Monetary Authority of Singapore (MAS) show. Compared with a year earlier, official foreign reserves were up a substantial 4.9 per
      Source: MAS  -  239 words
    • Article, Illustration
      Lock icon Citibank starts financial education course for undergrads
      463 9  -  By Serena Ng CITIBANK yesterday launched a financial education programme for local university students who are taught by volunteers from various divisions of the bank. The programme, called "Foundations in Finance", is part of Citibank's community projects. Started in association with the Singapore
      FILE PHOTO  -  463 words
    • Article
      Lock icon S'pore eyes 500 regional int'l HQs in next 10 years: EDB
      568 9  -  This should yield at least 100,000 new professional jobs By Vivien Ng THE Economic Development Board (EDB) hopes to attract 500 regional and international headquarters to Singapore over the next 10 years, leading to at least 100,000 professional jobs
      568 words
    • Article
      Lock icon JTC to expand industrial park in Philippines
      452 12  -  50pm peso expansion catering to foreign investors who want to set np plants at Carmelray Industrial Park From Al Labita in Manila SINGAPORE'S Jurong Town Corp (JTC) is expanding its Silicon Valley-type industrial venture in the Philippines to take advantage of the strong
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    • Article, Illustration
      Lock icon UN votes today on S'pore bid for council seat
      364 12  -  The Republic is the only nominee in the Asian group From Catherine Ong in New York SINGAPORE'S election as a non-permanent member of the United Nation's Security Council will be voted in the UN General Assembly today but as the only
      FILE PHOTO  -  364 words
    • Article
      Lock icon Lower brokerage rates here to stay
      378 12  -  MAiurm Yeong Wai Cheong I REFER to the article "T+3 blamed for low SGX trading volume" (BT, Oct 6). Your article quoted an unnamed dealer from a local brokerage firm suggesting that "no client (had) ever complained about high brokerage charges in the past".
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    • Article
      Lock icon Too few disabled to dent SMRT profit
      210 12  -  Alvin Ng I REFER to the letter "All existing MRT stations to get lifts" by Han Liang Yan of the Land Transport Authority (Mailbag, Oct 2). While I can understand that an individual transport company should make its own decision in granting concessions,
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    • Article, Illustration
      Lock icon Adviser must win trust and commitment
      471 12  -  Michael See I REFER to the commentary "Sold on the soft sell" (BT, Oct 6) by Siow Li Sen. I tend to agree on the soft sell approach. Who would welcome the traditional high-pressure selling salesman these days? What will lead to a win-win
      FILE PHOTO  -  471 words
    • Article
      Lock icon Show me a planner who considers client's interests
      131 12  -  Saiful MK I REFER to the article "Sold on soft sell" by Siow Li Sen (BT, Oct 6). I really wish to meet the person she wrote about, Jeffrey Yuen from Maybank, who wins a person's trust and confidence and looks at
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    • Article
      Lock icon Market order system should be used
      281 12  -  Tham Chee Chung I REFER to the letter "Time to scrap odd-lot market" by Tan Keng Soon (Mailbag, Oct 7) and would like to add my observations. The current lack of liquidity in the odd-lot market largely arises from the legacy of the board-lot
      281 words
    • Article
      Lock icon Temasek — a lion share company?
      84 12  - Temasek a lion share company? Lim Song Hai I REFER to the article "KepLand and the dominant industry theory" (BT, Sept 26). It was well thought out and written. But is there ever going to be any opposition to the eventuality that the key industry will in turn be controlled
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      85 10 buy that's Mobile Internet-ready. They want an as K]or as the other things they carry. already mine The new internet. It's more than mobile. It's personalised. network operators to deliver this, by bringing together systems, network expertise, devices and content in an end-to-end solution that makes a Mobile Internet 5
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      1339 12 ISLANDWIDE INVESTMENT LIMITED (Incorporated in the British Virgin Islands) UNCONDITIONAL CASH OFFER FOR TWINWOOD ENGINEERING LIMITED (Incorporated in the Republic of Singapore) Introduction On 12 June 20C0, the Board of Directors of Twinwood Engineering Limited ("Twinwood" or the "Company") announced to the Singapore Exchange Securities Trading Limited ("SGX-ST"), inter alia,
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  • FOCUS property
    • Article, Illustration
      Lock icon Point to ponder before DBS Land vote on merger
      941 13  -  PROPERTY Does It make sense for the flnn to be taken over and loaded with more debts? lee han shih THE takeover of DBS Land by Pidemco Land, its promoters have proclaimed, will create the biggest property player in South-east Asia.
      FILE PHOTO  -  941 words
    • Article, Illustration
      Lock icon NY sees big business in small office rentals
      1504 14 Decent income, goodwill are among gains for brokers in competitive market NYT THE big deals, the ones that account for hundreds of thousands of square feet of office space at a time, are the ones that attract the most attention in the
      NYT; FILE PHOTOS  -  1,504 words
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      112 13 m as/ NO. 65 CLUB STREET Fully restored Vh storey corner shop house Land area approximately 2,083 sf Built in approximately 4,838 sf 999 years commencing 01/10/1827 Good condition Tenanted till 30/11/2002 NO. 6 MOHAMED SULTAN ROAD 3 storey shophouse Opposite UE Square Land area approximately 2,401 sf 999 years
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      343 13 Attend this full 5-day programme or choose one of the 2 "guaranteed results" workshops: One of the hest MANAGING LEADING CHANGE management training H WITH IMPACT ZSL, 2-day Workshop and department Course heads. Conducted (rj) BUILDING COLLABORATIVE WORK TEAMS development c, specialist. I —Workshop Gerald H Heuett Interactive training by
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      418 13 I (3 JSB&tej fl No. 12 Ang Mo Kio 65 Ang Mo Kio 3 Singapore *****0 WeS* 1 -"Ufc*-' Description The property is a six-storey light industrial building situated in Ang Mo Kio Industrial Park 3 Legal Description Lots All 713 and All 713(a) Tenure 30 years lease commencing from
      418 words
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      598 14 (ffih Jones Lang \Bu/ LaSalle. BOARD OF COMMISSIONERS OF CURRENCY, SINGAPORE PREMISES At 79 Robinson Road, CPF Building Units #01 -02, #01 -01, #B 1 -00, #82-00 Floor area: 77,264 sq ft approx. Lease of 99 yrs less 1 day from 10 Jan 1968 Excellent frontage along Robinson Road Next
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      196 15 ,w THE TIMING HAS NEVER BEEN BETTER FOR ASTUTE ASIAN INVESTORS TO PURCHASE NEW ZEALAND PROPERTY! The NZ$ is at it's lowest level in 12 years against the USAS The Singapore dollar has continued to strengthen against the New Zealand Dollar SINGAPORE $1.00 BUYS NEW ZEALAND $1.29 The New Zealand
      196 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Old India held seeds of New Economy
      670 16  -  EESBSSm OPINION sree kumar The writer is a development economist and partner in a consultingfirm Telecommunications workers in India staged protests over restructuring that turned the Department of Telecoms Services into a government-owned company last month. This was a signal to the politicians
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    • Article
      Lock icon IN OTHER WORDS
      142 16 The longer I'm alive, the less conviction I have that anyone can predict currencies with accuracy. I'm surprised at the strength of the dollar and the weakness of the euro. It's a rotational pattern.' Michael Stolper investment adviser, on hedging currencies. 'Malaysia resents being regarded as a
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    • Article
      Lock icon Asean finds a way forward
      662 16 EDITORIAL AS compromises go, the protocol cobbled together to cope with countries seeking delays in tariffcut requirements of the Asean Free Trade Area (Afta) has considerable merit Asean had to find a way to settle exemptions from Afta without ripping up the whole fabric of
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    • Article, Illustration
      Lock icon Why latest oil shock wont cause hard landing
      1311 16  -  M&rkets worldwide are too competitive, so it is much harder to pass higher oil prices through By Ed Yardeni The writer is chief investment strategist, Deutsche Bank Securities THE fast drop in the Dow Jones Industrials Average in September suggests that some
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      Lock icon Hot tech companies' brief moment in the sun
      780 16  -  COMMENTARY By Paul Krugman The writer is a professor of economics at MIT NYT HOLD your horsemen! Last week, the market guru James Cramer, once famed for his boundless optimism about tech stocks, declared himself, yes, disillusioned with the sector. He detailed
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  • MALAYSIA news
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      Lock icon Lim family raises stake in Resorts World
      364 17  -  Purchases reflect family's belief that company is undervalued, say analysts From Eddie Toh in Kuala Lumpur IN an unusual development, Lim Goh Tong's family has bought shares of its Resorts World, the operator of the sole casino in Malaysia, a move which reflects
      364 words
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      Lock icon M'sian August industrial output soars 18.7%
      513 17 KUALA LUMPUR Reuters SPURRED by a strong manufacturing sector, Malaysian industrial output soared 18.7 per cent in August from a year earlier, underpinning forecasts of robust gross domestic product growth in 2000. But economists warned that growth in electronics exports, the mainstay of manufacturing
      Reuters; AFP  -  513 words
    • Article
      Lock icon Sime may hive off non-core ops in revamp: report
      157 17 AFX-Asia [KUALA LUMPUR] Sime Darby Bhd is planning a group-wide reorganisation of its operations which could involve the disposal of non-care businesses, The Edge weekly reported, citing unnamed sources. There are ongoing discussions at top management levels in the company and
      AFX-Asia  -  157 words
    • Article
      Lock icon UEM at 14-mth low on concern Halim won't fulfill option
      224 17 KUALA LUMPUR Bloomberg UNITED Engineers Malaysia Bhd (UEM) shares plunged to a 14-month low on concern its vice-chairman, Halim Saad, won't honour an option due in February to buy back more than US$6OO million (Ssl billion) in Renong Bhd stock
      Bloomberg  -  224 words
    • Article
      Lock icon Telekom Cellular hopes to list on KLSE in 2002: report
      349 17 KUALALUMPUR Telekom Malaysia unit sees losses narrowing to RM3OOm in '00, aims to be profitable in '02 AP THE mobile telephone unit of Malaysia's top telecommunications company, Telekom Malaysia, is looking to turn a profit and list on the Kuala
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      272 17 light to your next presentation. New small light fP N .y CdLP T ~iii 11 ii a11 in iit I zoom I scan nJ New-generation digital technology Allows user to point the wireless Offers plug-and-play compatibility Weighs like a light notebook -at 22kg, delivers high brightness, seamless remote control at
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      209 18 w 2 I if: x /ut§v, ;,S|v i|lf; til %t' i $$&>'>' Introducing the only bank in Singapore where you can make a caffeine withdrawal. You could be in for a surprise when you walk into our new branch on Orchard Road. As well as host of special deals and
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  • e-NEWS
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      Lock icon Yahoo faces hard questions as it reports earnings
      621 19 PALO ALTO, California No matter how mnch growth it reports, investors will worry about its ontlook Reuters YAHOO Inc may be the best of the bunch in the Internet media business, but people are not sure what that counts for anymore. As
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      Lock icon Credit plan for luxury e-biz
      444 19 NYT [NEW YORK] Many an Internet retailer has assumed that one of the quickest paths to profitability is to sell expensive goods: the higher the price, the higher the profit margin. Such simple math lured a swarm of so-called luxury goods retailers onto the Web
      NYT  -  444 words
    • Article
      Lock icon UK police slam stolen goods website
      243 19 LONDON The Sunday Telegraph BRITISH police have condemned the launch of a company that allows burglars to negotiate with their victims to return property in exchange for a "reward". The company is aimed at the international antiques, paintings and jewellery market, and works from
      The Sunday Telegraph  -  243 words
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  • REGIONAL news
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      Lock icon Red tape may help Suharto's son avoid jail for at least a month
      307 20 JAKARTA AG office says it bans Tommy from leaving country after graft conviction AP BUREAUCRATIC procedure could keep the convicted son of ex-dictator Suharto out of prison for at least another month even though the president has
      AP  -  307 words
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      Lock icon Ibra on course to raise 18.9t rupiah this year, says vice-chairman
      518 20  -  SINGAPORE It has raked in 12t rnpiah, expects 5-6t rupiah from sale of major groups' assets By Vikram Khanna THE Indonesian Bank Restructuring Agency (Ibra) will meet its revenue target of 18.9 trillion rupiah (553.7 billion) (net of costs)
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      Lock icon Biggest player in Indon economy
      126 20 Ibra manages assets and claims with a face value of about US$62 billion, equivalent to more than 25 per cent of Indonesia's GDP. Of these: about US$3l billion are financial assets —essentially bank loans given to some 150,000 debtors. The top 2,000 debtors account for
      126 words
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      Lock icon Indonesia critical of IMF despite improving ties: minister
      410 20 Reuters AFX-Asia [JAKARTA] Indonesia's chief economics minister Rizal Ramli yesterday said ties with the International Monetary Fund (IMF) had improved in recent days because the IMF had softened its stance on a controversial debt restructuring deal. But Mr Ramli accused the Fund,
      Reuters; AFX-Asia  -  410 words
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      Lock icon Lawmaker to file impeachment proceedings against Estrada
      417 22 MANILA Provincial governor says he gave president 130 m pesos from tax proceeds AP A PROVINCIAL governor claimed yesterday he collected payoffs from illegal gambling operations for President Joseph Estrada and gave him 130 million pesos (554.9 million) from the province's tax proceeds.
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    • Article
      Lock icon China Mobile secures 12.5b yuan loan
      363 22  -  From Quak Hiang Whai in Hongkong CHINA Mobile (HK) has secured the largest yuan-de-nominated loan ever to finance partly its takeover of seven mobile phone networks from its mainland parent announced last week. In a statement yesterday, Bank of China Hongkong-Ma-cau Regional Office said
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      Lock icon India's Haryana state aims to become IT hub of the north
      333 22  -  SINGAPORE By Suresh Menon THE technology fever sweeping southern India has prompted the northern state of Haryana to reconfigure its engine of economic growth. A rich agrarian economy till recently, it now intends to become the information technology hub
      333 words
    • Article
      Lock icon Sinopec launches 839m share IPO for HK investors
      592 22  -  Offer closes Thursday; together with global placement firm should raise USs3£b From Quak Hiang Whai in Hongkong LESS than a week after shares of the Mass Transit Railway were oversubscribed 30 times, China Petroleum Chemical Corp or Sinopec yesterday launched its initial
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      Lock icon Hitic auctioning stakes in units to repay foreign debt
      340 22 SHANGHAI Bloomberg HAINAN International Trust Investment Corp (Hitic), the investment arm of China's southern Hainan province, is selling stakes in three companies as it tries to raise money to repay foreign debt. Hitic is offering to auction nearly 55 per cent
      Bloomberg  -  340 words
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      Lock icon Taiwan shores up share market, banking sector
      331 22 TAIPEI Bat bourse remains weak, benchmark TAIEX closes 2.25% down at 6,209.42 Reuters Bloomberg TAIWAN'S new Cabinet announced moves to shore up the ailing stock market and banking sector yesterday, but share prices tumbled all the same. Vice-Premier Lai In-jaw said Taiwan had
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      55 20 mmmmmr' ———I^—l^— Er GbbalPlas.com I 7i&e Heads Of Delegations And Members Of Industry Association, Plastindia Foundation Manufacturers Associations Industry Industry Association Thai Industry Club of the #^P of Thai Kj^^ of Commerce and Industry Manufacturers Manufacturers Association Association The Official Launch Of GlobalPlas.com October jHMMMnHMQMHHH RL B V I Connecting
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      93 21 Rewrite +ke rukti Forget the techno hype. Focus on profit and people. Change your 3G focus from just access to It spans from terminals and ready-to-launch To become a leader in 36, join us in the profit-generating personal services and service packages to planning, management, Mobile Information Society. Visit us
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      255 23 HRNfe^ jeFBW«^3HI^^2EFHBs^ _*sF-" \^WS |9 £ra^**fit I' f^ i -W ■mwfirl 11 f IW::\ p^HH cP Your business is as unique as your DNA, which is why at Fujitsu, a SsBs billion global provider of IT and telecommunications solutions, we approach every Internet challenge individually. With 60,000 IT service and
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  • WORLD news
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      Lock icon SmithKline Beecham buys Block Drug for US$1.24b
      375 24 LONDON Reuters BRITISH drugs group SmithKline Beecham pic said yesterday that it was buying Block Drug Co, maker of Sensodyne toothpaste, for US$l.24 billion (552.17 billion) to boost its presence in oral healthcare and over-the-counter medicines. SmithKline said it would pay US$53 per
      Reuters  -  375 words
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      Lock icon Middle East crisis pushes up oil prices
      572 24 LONDON Fears that wider conflict may disrupt output in region cause rise of up to 3% Bloomberg CRUDE oil rose as much as 3 per cent as escalating tension between Israelis and Palestinians fuelled concern of a wider Middle East conflict that would
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      Lock icon Britain-based brothers face charges in India graft scandal
      672 24 m NEW DELHI AP FEDERAL police filed corruption charges yesterday against three brothers from the Hinduja family, one of Britain's richest, in a case related to a 1986 kickback scandal in the purchase of Bofors artillery guns from Sweden. The Central Bureau
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    • Article, Illustration
      Lock icon Lewinsky planted as a trap: Yeltsin
      245 24 him Republicans intended U enbaiTus CtiatM AFP [LONDON] Monica Lewinsky was planted in the White House in a political plot against US President Bill Clinton, former Russian leader Boris Yeltsin claimed in an interview published yesterday in The Times. He said Russian intelligence had
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    • Article
      Lock icon Caradon to sell plumbing units to HSBC for £442m
      296 24 mLONDON Bloomberg CARADON pic has agreed to sell its plumbing units to HSBC Holdings pic's private equity arm for £442 million (Ssl.l billion) in cash as the diversified UK industrial company focuses on more profitable businesses. The units, which include the
      Bloomberg  -  296 words
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      Lock icon Loans to start-up businesses are tightening
      693 24 NEW YORK New loans to such firms down 25% in Ist 9 months this year, says SAP nnit NYT AS the stock market gyrates and rumours are heard about Wall Street firms incurring losses on high-yield bonds, investment worries are spreading to new markets.
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    • Article
      Lock icon Is the US PC market getting saturated?
      1199 25 While some analysis find slower sales growth ominous, others expect growing worldwide sales to take up slack for the industry NYT [SAN FRANCISCO] THE US personal computer industry, whose double-digit growth helped propel technology stocks for years, finally faces stiff competition from PCs
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      Lock icon Dataquest sees 37% jump in chip sales
      309 25 SAN JOSE Demand expected to be powered by Net and cell phone users Bloomberg SEMICONDUCTOR sales could jump 37 per cent this year, more than previously expected, with slower growth the next two years followed by a "moderate" decline in 2003, Dataquest Inc
      Bloomberg  -  309 words
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      Lock icon Chiyoda Life files for protection from creditors
      502 26 TOKYO 2.94t yen debt makes it biggest ever Japanese corporate bankruptcy Reuters IN the biggest failure of a Japanese life insurer to date, Japan's Chiyoda Mutual Life Insurance Co has filed for court protection from creditors under new fast-track laws for financial firms.
      Reuters; REUTERS  -  502 words
    • Article
      Lock icon Endangered species: cloning hope
      487 26 NEW YORK Another species in this case a cow- being nsed as a surrogate mother for a cloned gaur embryo NYT IN what could represent a new way to save endangered species, scientists at a Massachusetts biotechnology company said Sunday that they had cloned an endangered
      NYT  -  487 words
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      Lock icon Gore campaign to focus on Bush policy bloopers
      574 26 SARASOTA, Florida His record as Texas governor will also come nnder spotlight Reuters DEMOCRAT A 1 Gore's campaign was expected to attack Republican George W Bush yesterday for public policy "bloopers" and for his record as Texas governor, Gore campaign officials said.
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      141 25 V^^H I y\ I J I V?^H i I tB /^S »w f® 4 I fin. .fiM. Ur< <■■<.■ n< H#a ni uiviriirnt fti/rtri (fiil Uj- ik A Uma* ru"ko»*is\n i« Koln uah ■M WuE/TMm RhjW now. we're offering F*at Moreftant Start on NT. From as MJe as Ss2iooo I
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      192 26 More than just e-factoring, IntFactor is a comprehensive business-to-business e-commerce hub designed specially for SMEs and other companies seeking to bring their businesses into the internet era. An innovative product by International Factors (Singapore) Ltd, IntFactor offers a platform for businesses to trade online, as well as a fully-integrated factoring
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  • FINANCE & commodities
    • Article
      Lock icon STI Oct contract suffers 4% loss
      275 27  -  SGX Derivatives TtaUUnglteport ST S'pore Index Lau Chee Keong THE Straits Times Index ended sharply lower yesterday following the sell-off in the Nasdaq and Dow Jones overnight. The lower-than-expected US unemployment rate of 3.9 per cent in September, lowest in 30 years, sent the
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      Lock icon October contract ends lower
      234 27  -  MS& Taiwan Index Lau Chee Keong TAIWAN stocks tumbled yesterday following sharp falls on both the Nasdaq and Dow Jones on Friday. The MSCI Taiwan index was a touch lower on Saturday at 285.99, a loss of 0.73 of a point or 0.25 per cent. The
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      Lock icon Decision on Inro stocks likely this week
      193 27 Reuters [KUALA LUMPUR] Members of the International Natural Rubber Organisation (Inro) are likely to agree this week on what to do with the group's rubber stocks, delegates attending Inro's councU meeting said yesterday. "We are making good progress. From the discussions we had
      Reuters  -  193 words
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      Lock icon CURRENCY REPORT
      318 27 Reuters London THE euro was caged in tight ranges above Friday's postintervention lows against the dollar and the yen yesterday, supported by wariness of further joint central bank action and news of Japan's biggest corporate failure. Market holidays in both Japan and the US meant the foreign exchanges
      Reuters  -  318 words
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      Lock icon Untitled
      1227 27 DfTERBAlfK CROSS RATES oct9 A$ C} tut Uw Fir D« W Mh h++ Van Wl HgMb fm SS Umi Sir iT$ BaUt hxmi US$ Australia 0.802 4.431 0.614 4.029 1.202 4162 24.5% 47.023 0582 6229 2.028 1.325 31.358 24.854 0.934 1909 0.934 *709 22.700 0369 0.534 Canada 1247 5.526 0.766
      1,227 words
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      Lock icon Untitled
      1852 27 SICOM FUTURES Oct 9 RUBBER (futures dash*as at 5-30p») RSSI CONTRACT(S cMts/kq) Close Volume Open Month High Low Sett (tonnes) Interest Nov 00 H7.50 Dec 00 119.75 Jan 01 121.00 50 Feb 01 122.50 50 RSS 3 CONTRACT (US cwtVM) Volume Open Mowt> High Low Sett (tows) Merest Nov 00
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      51 28 Based on SPECweb99 benchmark result current as of 9/20/00. See www.spec.org for details. Rated #1 UNIX operating system: D.H.Brown Operating System Scorecard 3/24/00. Requires available Parallel Svsnlex* technoloov. IBM iSeries. oSeries. zSeries. xSeries. Netfinitv. S/390 Parallel SvsDlex and the e-business lonn are trademarks or reaistered trademarks of International Business Marhinps
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      74 29 Pis becoming an essential part of every nging the way you do business. And the or visit wwwJbm.com/sg/feserver UNIX is a registered trademark of The Open Group Windows and Windows NT are registered trademarks of Microsoft Corporation mte and Pentium are registered trademarks of Intel Corporation. Linux is a registered
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  • STOCKS east asia
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      Lock icon HK stocks head south after Wall St's Friday plunge
      2828 30 HONGKONG AFP PHangSeng -49L18 HONGKONG share prices dropped 3 per cent yesterday on profit-taking following recent gains and after falls on Wall Street at the end of last week, dealers said. The key Hang Seng Index lost 491.18 points to close
      AFP  -  2,828 words
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      Lock icon CHINA
      972 30 Reuters fl Shenzhen B Index +OJ3 CHINA'S hard currency B shares closed mixed after listless trade yesterday, the first trading day after a week-long celebratibn of National Day. Analysts said sentiment was cautious due to weakness on Asian stock markets. The Shanghai B share index closed at 61.69, down
      Reuters; Source: Credit Lyonn Securities (Asia) Ltd  -  972 words
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      Lock icon TAIPEI
      364 30 AFP QWP Index -***** TAIWAN shares closed 2.2 per cent lower yesterday on selling of technology stocks, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 142.61 points to 6,209.42 on turnover of NT559.48 billion. Decliners led risers 456 to 107, with 57 issues unchanged. "Investors continue to
      AFP  -  364 words
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      86 30 You never JR actually own a Patek Philippe. JF'^ jk PATEK PHILIPPE You merely GENEVE wßßtm Begin your own tradition. look after it for the next generation. SBC Annual Calendar For information: Geneva Master Time, Tel: (65) 732 1506. www.patek.com by Patek Philippe ♦The Tokyo stock market was closed yesterday
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  • STOCKS klse
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      Lock icon KL stocks end lower on US slowdown fears
      432 31 AFP CI Composite Index -456 MALAYSIAN shares closed 0.6 per cent lower yesterday due to a lack of fresh leads and losses on Wall Street at the end of last week, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended down
      AFP  -  432 words
    • Article
      Lock icon Untitled
      8812 31 INDUSTRIALS Consumer products 2000 Last Vol Day Nat Cap Hlqh Law Company Safe '000 Hlqh Law P/E $mil 420 310 AJInomoto 326 2 4 334 326 17.8 132.1 158 46 Anqkasa 48 -I 37 48 46 70.8 670 290 ApoMo Food Hlq 420 9.1 168.0 3725 2700 SAT 50c 3700
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      3037 32 BONDS A WARRANTS 0*9 m Ms mm/ Inky ii-W* last y« Dri HMM k n Mm* C«r> Cm Dn< Htfea ■ft law C1 1 SaM «*r- COOOI Hgk Lot In* Mkr Prtc* MDUk Mn Bnrti|T lalt 51.5 5 S Acma ******4 5 -0.5 20 5 5 4.5 6 6 41.0
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      Lock icon BANGKOK
      759 32 Bloomberg PSETlndn -&39 THAILAND'S benchmark stock index notched its biggest percentage drop in two weeks yesterday, led by Loxley after the telecommunications systems distributor said it will sell shares to shareholders. The SET index dropped 6.39 points, or 2.4 per cent, to 261.29, the lowest since Oct 6, 1998.
      Bloomberg  -  759 words
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      Lock icon MANILA
      261 32 AFP Q Composite Index -2349 PHILIPPINE share prices fell 1.7 per cent yesterday with the index down 23.99 points to 1,365.01. Turnover fell to 319 million shares but value rose to 605 million pesos compared to 568.66 million shares worth 501.42 million pesos on Friday.— AFP <*1 9 Hi*
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      Lock icon JAKARTA
      635 32 AFP CI Composite Index -6164 JAKARTA share prices closed 1.6 per cent lower yesterday because of foreign program selling amid concerns about the government's commitment to the country's economic reform programme, dealers said. The Jakarta Stock Exchange Composite Index closed down 6.64 points at 415.36 with volume of 345.66
      AFP  -  635 words
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      Lock icon WELLINGTON
      253 32 AFP QIOSE-W J -2.62 NEW Zealand shares closed down 0.2 per cent yesterday, dealers said. The NZSE-40 Capital Index fell 2.62 points to 1,925.94 on market turnover of NZ578.04 million. David Fergusson of Greenslades said selling pressure on market heavyweight Telecom Corp had eased. AFP Oct 9 ws now
      AFP  -  253 words
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      Lock icon SYDNEY
      554 32 AFP Q All Ordinaries -18.6 AUSTRALIAN shares fell 0.6 per cent yesterday as investors continued to cast an anxious eye towards US markets, brokers said. The All Ordinaries index closed 18.6 points lower at 3,226.2, while the SP/ASX 200 fell 19.2 points to 3,274.3. Turnover was 348.3 million shares
      AFP  -  554 words
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      Lock icon SEOUL
      311 32 AFP Q Composite Index -19-67 SOUTH Korea's index fell 3.2 per cent or 19.67 points yesterday to 589.18. Volume was 339.9 million shares worth 1.77 trillion won. —AFP Oct» Vw <f Anam Stmt 6840 -160 Brain Tech 740 -5 Central Ban* 360 -5 Cftetl Comnt ***** -2500 Oa* Go
      AFP  -  311 words
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    Lock icon STOCKS sgx
    9870 33 SGXMAIMBOARD Transaction date: Oct 9 Gr Or M Wt 52-WH Last Vol Day Lift Ouota 04v 01* VM N«» Cap Ayg Hltfc L— Cmm) »ala rOOO) Mm. L— jWft Cw Pit tmm Prlca MULTHNOUSTRY 163 76.5 m c AcmaSOc 79 -3 S3 60 70 78 79 5 4.3
    9,870 words
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      74 33 1 Who is behind an Audemars Piguet watch? J2 5 Cortina Wrtch Centre Regional Agent, Showroom ft Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. availabu at singapom 0 R° a< l '01-10/11 Whoe lock Place Singapore *****0. Tel: 2 38 66 7 8 Fax: 218 6676. Cortina Watch Centre Pte
      74 words
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      343 34 Where to wine, dine and entertain.^ -Definitely the first card in the world 290 4545 Enjoy our ever-popular Japanese favourites for lunch and in the evening, tuck into a wide selection of Japanese, Asian and Western dishes like Sashimi, Roti Prata, Murtabak, Drunken Chicken and Roast Sirloin Beef. Japanese Buffet
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      84 34 Buffet Dinner: Bto 13 October y I "■T ■*W0- 7:00 pm to 10:00 pm < r > (last order) H v *M 1 i i fully booked on 8 October 1m 1«.~r i 1 S46nett per person WOnett for Mandarin Dine-Amies Members T^ 1 jj£3t Belvedere 4 i (4th Floor,
      84 words
  • Page 34 Miscellaneous
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      842 34 Central 6,00 Ma libu C. A. (Comedy). UL3O AM W3 (R). fc 5-30 Tube Top (New Sea TV Innovations. LOO Headlines. HAM Kids Central. Sesa- son;. 5.00 Bara. LO2 Business Tonight. 10 00 PerciThe Park Keeo- Wheel OfFortune. 5-30 ID L3O Gateway Asia (R). 10.00 Percy The Park Keep- jjo
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      303 34 CRYPTIC CROSSWORD ACROSS 5 Nick Guest? (6,7) 1 Mistress and mother triumphed X^ s 0130 was ne retanc W outside (5) 7 One who forces payment from 4 Stop paper coming out before former player (7) hospital closure (9) 8 °u k e discover quail? (5) 9 Portia's waiting-maid retiring
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  • KNOWLEDGE economy
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      Lock icon A mission to make life better
      1351 35  -  The blooming of dormant potential in life sciences research has come from strides in IT, reports tan su yen TAN SU YEN TALK about a knowledge-based economy and immediately the myriad possibilities thrown up by the confluence of electronics, IT and information communications come
      CHRIS LOH  -  1,351 words
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      50 35 amazon.com. ins |H|| MnillimMmilinMl microsystems The companies that know the Internet best run Oracle. www.oracle.com Copyright 2000 Oracle Corporation All rights reserved Oracle is a registered trademark, and Software Powers the Internet is a trademark or registered trademark of Oracle Corporation Other names may be trademarks of their respective owners
      50 words
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      1382 36 ADVERTISEMENT > You Can Have A Winning Investment Strategy Li Frank Russell Company pioneered the Mocn-Assrr Multi- By investing in both markets you can benefit from which one style will be In favour at any given time. q4* I B Multi-Manager™ investment approach over 30 years the returns of each
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      133 37 Reuters THE The Baltic Dry Index (BDI) shed one point to 1,720, the Baltic Panamax Index (BPI) slipped four points to 1,600, the Baltic Handy Index (BHI) was unchanged at 1,153, the Baltic Handymax Index rose 19 points to 10,129 and the Baltic Capesize Index (BCD dipped one
      Reuters  -  133 words
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      Lock icon MARITIME STOCKS
      273 37 wmmmmmm Oct* *h mi CWT Distribution—.0.62 unch 0 Chum Hup I 036 -0.02 871 Cosco —0.16 unch 40 Fratoht Links 0.14 -OOt 55 G8 Holdings 0.S6 unci) 0 KM Sun Hup 0.34 -0.03 2SS IMC HoMkigs-HK 3.60 unch 0 Jay* Holdings 0» -aoi 450 KappMOrp 3.54 -0.10 1244
      273 words
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      Lock icon Calling all Asian shipowners: stand up and be heard
      1001 37  -  Intercargo chairman is bent on bridging divide between East and West By Donald Urquhart [SINGAPORE] A leading Asian shipowner has called for a strong leadership role by Asian shipping interests whose voice has been virtually non-existent on the international scene, until
      1,001 words
    • Article
      Lock icon Keppel yard wins $30m deal to convert ship into livestock carrier
      187 37 [SINGAPORE] Keppel Shipyard has secured a $30 million contract from Jordanian shipping company Blue Ice Shipping Corp to convert a container vessel into a livestock carrier, it said yesterday. Conversion works on the 24,515-dwt container vessel Maysora will be
      187 words
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      Lock icon MPA clinches Best Bunkering Policy award
      221 37 [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) won the Best Bunkering Policy award at the Lloyd's List Maritime Asia awards held recently for its various bunkering initiatives, which gained Singapore the title of the world's busiest bunkering port, with sales of 18.89
      221 words
    • SHIPPING news
      • Article
        Lock icon Region's ship surveyors to meet in Hongkong
        679 38  -  DOCKYARD By David Hughes MARINE surveyors have come under the spotlight recently. The Maritime and Port Authority of Singapore (MPA) is introducing a licensing scheme for bunker surveyors while the rigour of classification society surveys, especially of older tonnage, is coming under increased
        679 words
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        Lock icon M'sian shipowners urged to form strategic alliances
        498 38 MBT Malaysian Transport Minister Ling Liong Sik has told Malaysian shipowners that government incentives alone will not guarantee their success and urged them to venture out and form strategic alliances. He said the attractive income tax exemption blanket for Malaysian shipping companies is
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      Lock icon SHIPPING SCHEDULES INDEX
      187 38 PACE Djtk Lloyd 8 ACl 6 Dongnama 3 Accord 8 6 Appenship 5 ECl 4 Assets 8 ECUUne 5/6/8 Austral 7 Ewgreen 6 Balaj<S*g 5 F0OOflSon 5 BSA 7 F l< u G Ur* 4 B tang Mas 8 rr~, G«Mftr#f*S 6 7 Harvoli 7 CMACGM 3
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      Lock icon SHIPPING GUIDE
      22085 44 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessei Voyage Telephone ETA ETA Advertiser Vessei Voyage Telephone SIN Dwfw Naiwo Mm Nuwibar Number SIN Dest'n Name Nam* Number Number MMMHMimHHMnMHHMBHHMHMIR ■■■■■■■■■HMRMHMMHMHaMHHMMHHW 01/11 20/n Cho Yang PUNJAB SEN OWW 65-*****27 To ABIDJAN (ABJ) 2003 Cot* D'lvoire oi/n 02/12 bsa speybank spoo
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        Lock icon CONVENTIONAL WHARVES
        658 49 Voy Wo Bftti Arrtwl Ptpwtyn Jm|M «Satotao 378 JOS 09/10/6:40 10/W/740 11 J06 09/10/8:40 11/10/240 C***** J03 09/10/8:40 09/10/18^0 »»KUf 1 *****0 J03 09/10/7JO 09/10/2140 IUW1 418 JO* 09/10/855 10/10/1240 ClUimwxi *****0 J% 09/10/8:20 11/10/7:00 8oyswot*r118 *****7 J03 09/10/945 09/KV16HW O 23 195 J02 09/10/9:15 09/10/17JO *S»« 09-OCT
        658 words
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        Lock icon CONTAINER SCHEDULES
        1927 49 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Bookl*|/Mmc« ftstls SWP Vtfy No Etb/Btr Pftod From To From oom n/troo oa/ooo aw m a MM MM a oamoo oMft» o*/o*oo 3 MM OMM 0VM00 _4_ 04/8Q0 0VMS4 0V1700 ACJ HtOtSCUS 044A IVIftOO MM HMD WOO U 0V"0C 34/0654
        1,927 words
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        Lock icon GLOBAL HOLIDAYS
        133 49 Out 10 Japan: Health Sports Day. Taiwan: Double Tenth National Day. Oct 23 Thailand: King Chulalongkorn Day. Oot 28 Brunei: Israk Mikraj. Indonesia: Ascension Day of Prophet Muhammad. Out 2fl Malaysia: Deepavali. Not 1 Philippines: All Saint's Day. Nov 3 Japan: Culture Day. Nov 4 Sweden: All Saint's
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        Lock icon COCKETT BUNKER MARKET REPORT
        774 49 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
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        Lock icon VERITAS BUNKER QUALITY REPORT
        430 49 CarkM 180 Mu 990.7 0.9 8.4 0.09 72 0.05 Oct 5 DMlt| Ilater InMw Ask UmHm MmI No *om E25 0 0 0 0 0 0 %M/H 380 AM 985.5 0J C.8 0.06 27 0.02 Ldm 380 Mix 9911 0.8 18.2 0.10 65 0.05 M/IW »f/9
        430 words
    • AIR & LAND transport
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        Lock icon Inchon airport set to be major N-E Asian hub
        407 50 South Korea's new USs7b int'l airport busy preparing for opening early next year Oana-Yonhap [SEOUL] With six months to go, the official countdown has started for the inauguration of Inchon International Airport as a major North-east Asian air traffic hub. The
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        Lock icon American Air pilots to appeal ruling on passenger lawsuits
        254 50 Bloomberg [FORT WORTH, Texas] American Airlines' pilots union appealed a judge's ruling that passengers can sue the group for disrupting their travel during a 1999 work stoppage that forced the carrier to cancel about 6,600 flights. The Allied Pilots Association asked
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        Lock icon Turkish plane joins flood of flights into Baghdad
        330 50 AFP [BAGHDAD] An aircraft from Istanbul carrying doctors among a Turkish delegation landed at the Iraqi capital yesterday in the latest initiative against a decadeold UN air embargo. The Arkas air flight was to be followed by a second Turkish aircraft today,
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        Lock icon Surf and fly service
        49 50 AP [VANCOUVER, British Columbia] Allan Booth surfs the Internet with a wireless connection before his Delta Air Lines flight to New Zealand at Vancouver International Airport. Hoping to soothe delayed passengers, several airlines want to install the service, already offered by Delta in Vancouver.— AP
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        Lock icon Impulse set to intensify domestic competition
        371 50 Low-fare carrier to decide on starting Brisbane-Melbourne flights today Bloomberg [SYDNEY] Impulse Airlines, an Australian low-fare carrier, said it could decide on flights between Brisbane and Melbourne at a board meeting today, a move that will heat up domestic competition. The service would be
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          Lock icon Jet makes emergency landing in Lahore
          113 50 AP [LAHORE, Pakistan] A Pakistani passenger plane with 44 people on board made an emergency landing at the Lahore International Airport when its rear wheels failed to open, an airport official said yesterday. No one was injured in the incident on Sunday, but the
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          Lock icon Garuda to reopen Seoul route
          121 50 AFX-Asia (JAKARTA] Garuda Indonesia will reopen flights linking Jakarta and Seoul on Oct 29, Garuda commercial director Bachrul Hakim said. "Compared to the other international routes, the flights to Seoul are the most feasible to reopen," Mr Bachrul was quoted as saying by Bisnis Indonesia.
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          Lock icon Railtrack boosts investment; delays up
          105 50 Reuters {LONDON] British rail network operator Railtrack pic said yesterday it boosted its investment in the first half by 36 per cent to £1.2 billion (Ss3 billion), but passenger train delays in the half were up 10 per cent "We are delivering record levels of
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1743 50 an FUGMT CT* FUCNT CTO 1*7306 805 S020M 2305 MM mm «o uwn 2350 S***** 2335 SO26 2350 MM M73M mo M7302 2055 Offl 830 0F12 2055 Sam 830 S8W0 AM229 2230 SM03 WO CDS 0*0 IH4300 2230 COS HM5 IMP* «0 Spat 2230 Haw VN/S074H
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      330 37 jj^^transport PRESENTS E-Commerce for Freight Transportation Asia 2000 Conference, Exhibition, and Networking Forum The Grand Copthorne Waterfront, Singapore October 18-20 If you deal in freight you'll lpiow that e-business is transforming the way you communicate with your partners, your suppliers and your customers. This event gives you the ultimate insight
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      8 37 Asia's stiip surveyors ts Met in Hongkong Pg2,
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      718 38 NORTH AMERICA GULF/INDIA SUB-CONTINENT super amnru express gaap i auu kamchi express pmo vma vot lgo sm nuws wssa vot ma dm mm an OOQMUUM 34W30 27/09 15/10 17/11 PIO NBUOTD DAMMAM Hi W i&i IS/10 Pto nbuotd maucca osc 11/10 12/10 m/io 22/10 00C1AMBKA 40W39 04/10 23/10 14/10 PtO
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      700 38 Li"®* services represented by Members of the Registry of Members of the Accredited Shipping Agents, Singapore logistics Singapore Shipping Association Association g ULY IN MALI Ivtssa Tvoy flu flu iu P. KLANG STONE MALE Empress Lily VOBOO 15/10 16/10 23/10 Princess Lily VO7OO 26/10 27/10 03/11 Empress Lify VO9OO 13/11
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      1182 39 SAX SERVICE (DIRECT) VBSa VOY sum u» oak pal hou oo ax mbii «i wtc APIJAK 0231 27/09 12/10 17/10 17/10 17/10 17/10 17/10 17/10 10/10 11/10 APIGARWT 0231 04/10 19/10 24/10 ~«7i0~ 24/10 24/10 ~247i0~ M/ 10 25/10 25/10 APISme 0231 11/10 26/10 31/10 31/10 31/10 31/10 01/11 01/11
      1,182 words
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      1737 39 OHANJIN SHIPPING likFl ifcb**L<» -Mb *****30 HANJIN SHIPPING PTI LTD to* //<— hap am MXMMG *****35 737 SALES *****74 731 DOCUNEHT *****71 774 OfHUTXXft *****50 751 MAIN LINE *****55 fU 53*1145 CI MO: **********QM TO NW USA A CANADA USA fAHAIW* "tovsTTvoy UM sn lm haul/voy sea m oot m
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      256 39 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220-8558 mioof f f Atf'l- Bale Y»«: Mtri lklffli| Ma BM Mn SMppiaa Amd« Pi* U4. W- *****50 MJ-7077 n»7(Fu| Ml-*****5M Fu: »Mllt/2MfllS f—tm JarOtaa MOpHm Afaadaa Ma BM r.h, p—»KWIO4-MM444 <f«) M-J4J4144 CI Ha: *****/*****N
      256 words
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      1503 40 SENATOR LINES TO UK/CONTINENT TOMEDfIfITORANEANCANADA WTf SW LEW HTM AMU HAM IHV FU QEWa WW HI Ml IK FOI Kffl PUSAM SENATOR 001SW 1110 nil it 10 3010 31 10 0111 Kll PATMOS SEMATOfI 0030W 1210 MlO 3110 811 Mil 1111 NMUM VANCOUVER OOMW 13.10 0811 M.ll 811 0311 K.ll
      1,503 words
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      988 40 mJkM MAC-NELS S PORE M'SIA Carrier. MN CONTR LINES, INC p. gudanq: <ot) aw™ 1-JW J CWOOO.imTIIOOPB SOU: (004) *****9 MAMLA: (032) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****1 P. KELAWG: (03) *****77 JKT: (21) *****46 KUCMNO f062) *****1-3 MANILA HO CHI MINH MV "MARCHALLENGER" V.SN MV
      988 words
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      697 40 EXPRESS CONTAINER FEEDER FOR N.SHEVA (CFS MULUNO. MUMBALCOLOMBO ALSO ACCBTOG TO ALL NORTHBW AM) WESTBINI.C.O. FOOTS Vmai S PORE N SHEVA COLOMBO PKLANG CAPE CANAVERAL V 13fW 15 OCT 24 OCT 2IOCT (3 NOV TULSIDAS V 132 22 OCT 31 OCT 14 NOV II NOV CAPE CREUS V II4W 29
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      1718 41 IVfSSa VOY KHH HKO I SIN PKL PX» Kl DMM UK IRAN TEHRAN PCL-176 10/10 11/10 14/10 15/10 22/10 23/10 25/10 27/10 IRAN TABATABAEI PCL-177 17/10 18/10 21/10 22/10 31/10 01/11 03/11 05/11 MANKfRMAN PCL-178 24/10 25/10 28/10 29/10 05/11 06/11 08/11 10/11 IRAN ISFAHAN PCL-179 31/10 01/11 04/11 05/11
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      975 41 n/f 14 mys) J II IN M RMWSON RD TTEL M 6 mO fite 226HM JOHORI OfflgI IOSTAR SHIPPING PTI LTD #12-00 SAiiS/MGS *****57/43 INWARD DEPT (D/ 0) *****14 COSTAR AGENCIES (M) SDH BHD LoNO-nttWOOOy SINGAPOREO***** CONVENTKHtAI *****01/450 T/SHPMTDIM *****25 TEL 02"5M144RULMS-jsSITO we S(U (MM ii* mi m SMHrumrm w/wr
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      788 41 EXPORT lIMPOIIT .-affliaw USSft *DI si ih mI tm MAM mm ni 5 I vor 1 m ui lat lial <■ KNttMSCN 1014W 14/11 #1/11 S/1»| 04/12 OS/1? S/12 07/1» KJOOftHHAGtN 0051 M>lo 20/10 S/10 02>1 10/11 SBtVTCt EXPORT IMPORT wssa VOT SI ISO [OU tamm cakob »I) sam VBSR
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      802 42 [Rj»OK/uKysawp!Nnu/nNiS BEXPORT I VBSII/VOYAGE W OMR KG AN* LHV B ALSO ACCEPT** CARGO TO AND FROM:- FINLAND, DfNMARR. SWEDEN. RUSSIA (NORWAY |»ian«»AWAW/»ucK m/mow wtvKts I ■txrotT J vBSa/yOYAH |SGP 100 |VKN OR 'duT m* MV TW ZH I HUM GBOMOOfcWO# WH WlofelQ <S/1F 3alo*3D,to I I ■uusuuottsoiiw 22/10 ovii|&ii|y/ii 04/11
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      368 42 ■Sss«WMlillosrisslW»COl«wSffMMa li*WT I WSSEI VOYAGE SGP CM DUI JtA ABU DMN RAN IMNXV SONS HE 01 SAW 13/10- 24/10- 21/10- 30/10 uNASPIRE MMMMVN 2VIO 25/10 21/10 27/10 UWANGa 0144-02IW 17/10- 24/10 27/10 30/10 ZHUAN6HE 015 MV 20/10- 31/10- 02/11- uMAHfiT OUMI24W 2VIO 27/10 01/11 OZ/11 OVII lUN ronJUIOI47-OOIW 24/10 21/10
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      653 42 A/ ADVANCE CONTAINER LINES (PTE) LTD AL«L- TEL: *****21. FAX: *****19. TELEX :RS ***** ACLPL Cfl NO *****M0000E KM BOOKINGS PHASE CAU: *****22 SAUS ft MAJtKFTING *****21-2* mWKOK JAKARTA (7 UWafa/WMt) vt>sa VOT I MN m vESsa VOY 1" SIN JCT NANtA BHUM(BM) 517N 11/10 Wad 14/10 Set SMAR BAIAM
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      370 42 SO TEL OK BIANGAH ROAD #02-02 CmPORT CEKTRE STORE *****1 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR HO. **********0W wssa W ETA ETD OBTMODN MAOUKWA 417*1 11/IK2M 12/1 KM PALEM6AN&PKL BALMM IKAGURI *****1 1418/*****V18/2868 PONTIMAK For enquiries imi bookings please contact SEASPACE SHIPPING (S) PTE LTD 133
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      471 43 BSfl a. mm. MYANMA mSmk FIVE STAR LINE (Myoanar National Lint) Loadiag for Tango! VtSSH VOY SIN PU KN PGU DAWEI IM SID MONGIA 34W 14/10 MALAYSIA AGENTS: KXtSTIAO SHIPPING AGENCIES lUL m 03-2417)00 PRL TH 03-*****101 Pfll: m 04-2****** PGU: TIL 07-*****31/4 BANK LINE (A strvkt of Aadrtw Wmt
      471 words
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      1473 43 HYUNDAI MERCHANT MARINE CO., LTD. Ivtssa voy si sou tai |ro awt I haw Itv I I vtssa vor sou Ii« itb ant ham |myl sm I HY COBMOOORE 320W 12/10 30/10 04/11 01/11 02/11 THANES 5431 11/0* 23/09 20/0* 21/0* 12/10 IMS 534W 13/10 03/11 04/11 29/10 31/10 HYEBPEROR
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      774 43 v&v WALLENIUS WILHELMSEN TO MOUTH AND LATIN AMERICA "CAR RORO HEAVY LIFT SERVICE' Ivissa vor ramp hhght sin lk mao rua sav ial otf nyc new mm TAMO ANO2O 400Tm 6.3* HPORT 09/11 VfJY\ 207TT M7"~ 147"" 257"" 177TT WTT oS7fi~ TOURCOMG AHO2I 400Tm 6.3# 24/10 24/11 04/U 07/1J 09/12
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      510 44 cmabawo jakakt!*EJE^^^^^ www VOT SW MM 1» Ifll Vtssa VOT SW JCT fW mwuLi m urn ims im_ m 11/10 -jMZ 11/10 SS 1 SSffi T-ja=-^B-== WmUIHUM 3AIH 15/10 11/10 17/10 mi wi XETHA IHUM" 3S7W 15/10 It/10 IVIO UmWUM 177S 17/10 H/10 CWMAMIMI 33f It/10 70/10 M/in cettng UTC
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      265 44 INDONESIA NATIONAL LINE TO AUSTRALIA RILL CONTAINER REHVICg va wrlwc aw" m m m m m wl m USUGAI m |11/ M 11/I# 11/10 M/ll H/ll lf/11 w— ■kmw jss |M/W i7/i» v/u «7i* ii/i* n/iT tnmrr m p/ioii/w ts/n vrn ii/n rorcnm mi/w i«/ii 11/11 »«/ii 17/n FEEDER SERVICE
      265 words
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      265 44 TASMAN ORIENT NEW ZEALAND FTJI NOUMEA BPEAKBULK t CONTAINERS 14 DAYS HMQUBtCY TASMAN COMMANDER WELLINGTON ON DIRECT CALL TRANSIT 23 DAYS Agsi* SINGAPORE BIN LINE AGENCIES (S) PTI LTD TH: 42W142/*****01 ML »4 0103 K LUMPUR BENDERA SHIPPING AGENCIES SON BHD IB: 03-SOMOOW MX: 03-S0»***** PEMAHG BENOERA SMPPING AGENCIES SON
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      83 47 SINGAPORE PTE LTD 9 I KYOWA LINE I 15 McCallum Street *OJ-01/02 Natwest Centre Singapore *****5 Fait (Ml 2201J66 Email (enereltecusin eculine net website ecuiine net Direct Breakbulk/Container/LCL INDONESIAN PORTS Service to Banjarmasin/Jambi/Palembang/ M an i la/ G U am/Sai pan Panjang/Pontianak/Perawan/Pekan Baru Agenß; v^row Ltd Call: 220 3373 See
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  • Page 49 Miscellaneous
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      Lock icon Page 49 Miscellaneous Column 1
      133 49 'TX V 'I ]J |>N "*~T2je *»*„.J LEGEND: lasuad by Meteorological Service Singapore R Thunderstorm A Showers y^\ Rain Temperature Wind direction and speed in knots Cloudy Day Weather Cx 3 Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds J
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