The Business Times, 1 August 2001

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Total Pages: 40
1 40 The Business Times
  • 24 1 THE BUSINESS TIMES •fti. 4fni¥- j yfrtl 4 MTTA (P) 107A»2001 I Internet: h r tp business-times.asial .com.sg/ SINGAPORE WEDNESDAY, AUGUST 01. 2001 85*
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  • 531 1  -  ilexclusive Sources estimate Beijaya could pay businessman Chng HengTin $100 m for the stake By] Ling Su Ann [SINGAPORE] Malaysian tycoon Vincent Tan's Beijaya Group is in talks to take over Pinetree Town and Country Club from Singapore
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  • 703 1  -  Apologies and payments stem from unfounded comments in Goldman Sachs' document By Siow Li Sen [SINGAPORE] In a shocking development yesterday, DBS Group Holdings chairman S Dhanabalan apologised unreservedly to the chairmen and boards of United Overseas Bank and Overseas Union
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  • 588 1  -  His proposed purchase of 24% block sparks talk of Indon interest By Ven Sreenivasan [SINGAPORE] Peter Lim, the former "King of Remisiers", may soon be in the limelight again. Just fresh from a court tussle for Raffles Town Club, Mr
    FILE PHOTO  -  588 words
  • 480 1  -  Byl Serena Ng [SINGAPORE] After four straight quarters of negative absolute returns, most Central Provident Fund-approved unit trusts and insur-ance-linked plans chalked up gains during the second quarter of this year. Figures released yesterday by William Mercer show that in
    Source:  -  480 words
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  • NEXT page
    • 586 2  -  Takeovers trigger changes at investment banks and brokerages By, Andrea Tan [SINGAPORE] Employees of Dresdner Kleinwort Wasserstein (DKW), Vickers Ballas, Merrill Lynch and HSBC Securities are bracing themselves for tough times ahead. There is speculation over the future of DKW
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    • ON THE grapevine
      • 165 2 HERE'S an interesting stock market hypothesis: When a chief executive starts to use more adverbs in his public statements, it means it is time to sell shares in the company. Courtesy of Barron's adverb hunter Charles Donovan, the hypothesis says that bosses use words like "favourably", "primarily due
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      • 53 2 LAST week, BT ran an online poll which asked if The Bishan Loft project showed that the property market was still strong. This is how readers voted: Yes, fears of a recession are unfounded: 13% No, this is an aberration caused by low prices: 76%
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    • 264 2 IN an article entitled Will DBS back off or up the ante in OUB tussleV* appearing in the 30th June 2001 issue of this newspaper, certain statements were made and attributed to a "source close to the DBS deal", namely: 1. "The source also claimed OUB's top brass are
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    • 723 2  -  Analysts expect UOB interim earnings to improve 2-10% year-on-year Byi Angela Tan [SINGAPORE] DBS Group yesterday gained some ground on rival bidder United Overseas Bank in the takeover chase for Overseas Union Bank, as DBS shares posted their
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    • 843 2  -  Fall of just 15%; cost moves pay off amid tough environment By 1 Teh Hooi Ling [SINGAPORE] Faced with a double whammy of keen competition and a weak economy, Singapore Telecommunications did an impressive job of reining in costs and has reported
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  • Page 2 Advertisements
    • 160 2 Thio Su mien, Tan Bee Lian and their Partners Are pleased to announce that with effect from today, 1 August 2001, they will be practising law as TSMP Law Corporation Our lawyers and staff remain unchanged and we will continue to aspire to the highest standards of service and professionalism.
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  • Page 3 Advertisements
    • 99 3 I 9 I T" |i SWISS WATCHMAKERS SINCE 186!, Xi V -f 4 m I (3 ?fp)f I I I ChronoMaster I u 'I'' imoo iik i\ ciiH'ii I cmhod it's one nl ilir laicsi iliit I lenses in 11 n arl <>1 wait Ii the lirsl automatic t m<
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  • SINGAPORE companies
    • 500 4  -  Associates' higher contributions, Astra's lower forex losses help By* Christopher Tan MOTOR-BASED group Cycle Carriage Ltd (CCL) yesterday reported a 33 per cent rise in interim net earnings to $25.6 million, driven mainly by higher contributions from associates and lower forex losses attributable to
      ARTHUR LEE  -  500 words
    • 295 4  -  Property arm pests 1% rise in interim net profit to $9 Jm Byt Andrea Tan CYCLE Carriage Ltd (CCL) group managing director Philip Eng yesterday quashed market speculation that it would dispose of listed property arm MCL Land. "We've never ever considered divesting
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    • 267 4  -  From, Audrey Tan in Hong Kong [HONG KONG] Hong Kong Land Holdings, the Singa-pore-listed property arm of Jardine Matheson, said yesterday that net profit fell 3 per cent in the six months to June 30, as improved rental income was
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    • 382 4  -  By\ David Boey ST Assembly Test Services (Stats) has made its first investment in Taiwan with its US$2B million takeover of Winstek Semiconductor Corp, a Taiwan-based microchip tester. Tan Bock Seng, chairman and chief executive officer of Stats, said the company's
      FILE PHOTO  -  382 words
    • 218 4  -  By David Boey CHARTERED Semiconductor Manufacturing said yesterday its president and chief executive officer Barry Waite has drawn up a structured programme which will raise his stake in the wafer foundry by 25 per cent and diversify his personal portfolio.
      FILE PHOTO  -  218 words
    • 676 4  -  lock siew conrad raj THESE days when the man-in-the-street is beginning to feel left out what with closures, consolidation and acquisitions in the financial arena finance companies have a role to play in filling some of the gaps left by their bigger brethren.
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    • 607 7  -  Directors pledge to recover all the money placed in family-related banks By i Conrad Raj THE boards of Asia Food Properties and its listed subsidiary Golden AgriResources Holdings yesterday assured minority shareholders they will not place more deposits in familyrelated banks and
      TAN SUAN ANN/ST  -  607 words
    • 230 7  -  By Vince Chong LOWER revenues from its Australian operations, reduced investment income and higher interest contributed partly to United Overseas Land's (UOL) 38 per cent fall in interim net earnings to $26.9 million, from $43.1 million in the year-ago period. In its statement yesterday,
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    • COMPANY Briefs
      • 79 7 IPCO International incurred a net loss of $7.6 million for the year to April 30, compared with a profit of $3.1 million a year ago. Turnover dived 65 per cent to $18.6 million. The losses were due to a loss of $2.7 million
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      • 86 7 PCA Technology has received in-principle approval for a main board listing, and will be making an initial public offering soon. PCA provides mainly electronics manufacturing services to OEMs (Original Equipment Manufacturers). Its major customers include Hewlett Packard and Innomedia. It is also an exclusive
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      • 57 7 LINKS Island's profit rose 138 per cent to $1.54 million Rathe first half of this year. Turnover increased 74 per cent to $10.77 mimon. The profit increase was attributed to higher turnover and productivity, better cost control and contribution from the termination of a
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      • 40 7 AFX ALLCOM Technologies said the retail tranche of its IPO, comprising 4.6 million shares, was 9.87 times subscribed. The placement tranche of 41.4 million shares has also been fully taken up, the company said. —AFX
        AFX  -  40 words
    • 522 7  -  This is despite 63% jnmp in earnings in core service apartments business By\ Kalpana Rashiwala SERVICE apartments group The Ascott reported a 77 per cent drop in interim group net profit to $4.1 million despite achieving a 63 per cent jump in
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  • Page 4 Advertisements
    • 1168 4 M HAI SUN HUP GROUP LTD Notice of Annual General Meeting and Books Closure NOTICE IS HEfcEBY GIVEN that the Twenty-third Annual General Meeting of Hai Sun Hup Group Ltd ("the Company") will be held at 200 Cantonment Road. #09-01 Southpoint. Singapore *****3 on Friday, 24 August 2001 at 2.30
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  • Page 5 Advertisements
    • 259 5 IKu.1 Ku. <Uxhm. Acul/ Stfrnmcf*'*. w tfftam* r£y> fir our i*s,ke*s Tfe fn,*). j6z+*«, tpMUAMMt lit* a/po oMoaJte/ LiO -fo y^t/C&Z, tL y\ fatlopiwfq fhrt our budrtm nrf 6&c*£+t*-, jZjc*~c££**/jt: -/r^KjzZM^-Z H b*t <f/obaMy. Summe, Chairman, PerkinElmer, Inc. *Cc* x~ -/€o+*je~ C*Cc*ts/fi~t*+? y& CL. PerkinElmer in Singapore: _22#*C*■ Ae*^U*^f ?lf»uifecturing
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  • SINGAPORE markets
    • 617 6  -  -I i comment STOCKS r. sivanithy HAS the local stock market bottomed out and, if so, are there signs of recovery? Or should the question be: "Has the Straits Times Index bottomed and is now recovering, while the broad market lags
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    • 605 6  -  I -J I comment CURRENCIES Singapore dollar bears beaten as greenback forced back to snb-S$LBO levels larry wee THE US dollar's sharp spike through 125 yen at the start of the week was looking less than sustainable yesterday, even with the euro
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    • Article, Illustration
      534 6 Asia Dehor HK15c 87,807,000 ICTHKlOc 31,646,000 TPVUSlc 19,255,000 OUB. 10,446,000 Golden A0ri USIOc 8,467,000 Ri Yu Mlg 10c 8,239,000 GES mtl Lid 20c 8,180,000 Eagle Brand HK75c 7,965,000 Wiilas-Anay HK20c 7,343,000 UOB 7,269,000 OUB 97,018,500 DBSGrp 88,105,654 UOB 76,227,400 0C8C 28,547,100 Chart Semiconchjctor 26c 19,*****0 StA 17,610,920 Asia Dehor HK15c
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  • 2855 6 UNIT TRUSTS FUNDS Abirdun And Mgt Asia Ltd Aberdeen Select Portfolio: China Opportunities Fd 0.919 0.966 Global MNCFd 0.699 0.73S Global Technology Fdl** 0.576 0.605 UK Blue Chip Fd!** 0.715 0.752 American Opport Fd 0.796 0.839 Cont Euro Eqty Fd!** 0.993 1.044 Japan EqtyFdl** 1.075 1.130 Asian Fixed Income Fd
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    • 143 7 Blfe "P* Ii y i f pi jV|Jv| mk.' No matter how biQ your pdckocjG, it still is o smoll world oftsr all. Atups, we understand that no two packages are alike. But regardless of its size or shape, every package is delivered the only way we know how timely
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  • Page 8 Advertisements
    • 989 8 I f I f The task then was to develop virtually from scratch an organisation thatQlV .fffcT'ltlßi 11 w would be the chief instrument and prime mover not only of Singapore's Ov^t T '*1- JPK WWj industrialisation, but also because industry was to be a leader ofSingapore's gT*\ a&a econom
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    • 1229 9 #5, i scratch on organisation that iQA^ t f The transition for EDB was to y^HB not onfy of Singapore's OvW» prepare ourselves to on quality, (fe stobe a leader of Singapore's '-'g**\ mi-me f BfIPS with local and 5WSen, ChairmanEDß, 1961-1968 seeded original VC programme. "-'-gtei ITI Q1 EDB's
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  • EDITORIAL & opinion
    • 767 10  - Hey, guys the Cold War is over! Really! I bottom line OPINION leon hadar The writer isßT's Washington correspondent THE treaty of cooperation between China and Russia, signed in Moscow on July 16, ignited a few hysterical reactions by pundits in Washington, some of whom went as far as comparing
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    • 57 10 The administration has made a fairly clear decision that it's not going to intervene to try to change exchange rates. I think, however, that if the market started pushing the dollar down, they probably would not intervene to stop it either.' -Bribort D Hormati vice-chairman of Goldman
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    • 641 10 EDITORIAL JAPANESE Prime Minister Junichiro Koizumi secured the popular mandate for "reform" in Sunday's Upper House elections but whether Japan and the rest of the world should now await change with eager anticipation or with trepidation is a moot point That Japan needs economic reforms
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    • 1247 10  -  Analysts note that some fundamentals that have been propping np the dollar have been weakening of late From* Catherine Ong The writer is BT's New York correspondent in New York FOUR years after it began its relentless upward course, the mighty US dollar
      REUTERS  -  1,247 words
    • 765 10  -  COMMENT&R7 The US must uphold roles in the world and set an example by following them too By Thomas L Friedman The writer is a New York Times columnist [LONDON] Beyond the normal sniping that always goes on between Europe and America, there is today a
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  • SINGAPORE news
    • 304 11  -  Fitch: They're much stronger new to face external shock By i Chuang Peck Ming GLOBAL ratings agency Fitch is maintaining its sovereign ratings of countries in the direct firing line during the Asian financial crisis, despite the current export slump in the region. These
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    • 797 11  -  Despite economic slowdown, record 75,941 new main cards issued By Serena Ng AFTER a quarter-on-quarter decline in the first quarter and despite the slower economy, credit card billings rose 6 per cent in the second quarter from the first quarter to $2.8 billion.
      Source: MAS  -  797 words
    • 323 11  -  Byi Chua Hui Min BOSSES and workers were told yesterday to brace themselves for fundamental changes in business and the job market when the economy recovers. Speaking at the sth Internet Commerce Conference, Minister of State for Communications and Information Technology Lim Swee Say
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    • 270 11  -  C =173 on the economy bank lending By I Serena Ng BANK lending exceeded $160 billion in June as housing loans and loans to the building and construction sector expanded, the latest figures from the Monetary Authority of Singapore show. Loans to non-bank customers increased
      Source: MAS  -  270 words
    • 145 11  -  Kelly Wee Deputy Director Marketing Communications Department Jurong Town Corporation I REFER to the letter "Clarification needed on off-Budget rental rebates" by Chew Keng Seng (Mailbag, July 30). As announced in the recent rental relief package, JTC is giving all our
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    • 417 11  -  MAM BgTl JFK Miller Head of Singapore and New Market (Asean) Development ACCA Singapore I REFER to your article "Set up bank to cater to SMEs: Feedback Unit" by Eugene Low (BT, July 25). Evidence worldwide demonstrates that it is not the cost
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  • Page 11 Advertisements
    • 62 11 We welcome letters. E-mail uaotbtletterQaph.com.sgor fax ua at *****71, or write to: Vie Business Times, Times House, 300Kim Seng Road, Singapore*****s. We need your full name, address and telephone number, so we can verify It came from you. Please use temperate language, and bear In mind libel laws. We reserve
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    • 468 11 Goods Services BPF'H ■flr' Tax Workshops There are many practical issues and complexities involved in GST compliance. To address such concerns, Ernst Young is continuing its regular series of GST workshops in 2001. These in-depth workshops are designed to give participants a good understanding of the practical complexities involved in
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  • BT motoring
    • 397 12  -  I :i German sportscar maker joins others who have picked S'pore as regional centre, says cHRiSTUF t|tjp CHRISTOPHER TAN German sportscar maker Porsche is setting up a regional office here its first in these parts. Porsche joins more than a dozen other automotive groups in
      FILE PHOTO  -  397 words
    • 408 12  -  Major car smuggling operations through Dubai uncovered AD reports by Christopher Tan A MAJOR international car smuggling scam involving the theft of cars in Asia has been uncovered. A BBC investigation has revealed that up to 85,000 cars stolen in Japan are now
      FILE PHOTO  -  408 words
    • 307 12 VEHICLES from international smuggling rings are unlikely to end up here, and trade experts say we have the government's multi-tier taxation regime to thank for this. For a start, excise duty based on the open-market value (OMV) of cars from traditional
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    • BUMPER to BUMPER
      • 80 12 CYCLE Carriage (CCL) has set up an executive committee that meets monthly to decide on motor-related matters such as COE bidding, price strategies and product campaigns. Members include group managing director Philip Eng, executive director (motors) Nicholas Ng and DaimlerChrysler Singapore president Cheah in™
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      • 55 12 FORD Motor has formed what it calls the Office of the Chairman and CEO. Officially, the move is to "formalise the ongoing working relationship between Bill Ford (chairman) and Jacques Nasser (chief executive)". But observers see it as a way to give Mr Ford more
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      • 76 12 THERE were 741 individual and 1,078 third-party bkiders at the COE open bidding exercise that ended on July 18. Of these, only nine individual bidders—or 1.2 per cent— were successful, according to the Land Transport Authority. This compared with the 5.4 per cent
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      • 70 12 CYCLE Carriage Ltd (CCL) has received ft letter of intent from Peugeot of France for distribution and assembly rights in Malaysia. The development confirmed a BT article in June. CCL will take ova- current representative MBf-Peugeot Sdn Bhd. Annual sales of Peugeots in Malaysia
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      • 74 12 THE Volkswagen Group increased revenue 9.9 per cent to 46.8 billion euros (Ss79£ billion) in first-half9ool, nwfariy because of higher sales outside Germany. Half of the revenue increase resulted from higher volume, just under 20 per cent from the growing financial services business and
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      • 178 12 THE automotive industry may face some of the most difficult conditions ever, says consultancy autopoMs And many companies aren't prepared for the storm The cause, says autopolis, is the coming together of torn critical factors. First, sales are falling around the world. Total vehicle sales
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      • 162 12 WHILE the outlook for Asia's automotive sector it reasonably bright, the latest report front consultancy autopolissuggssts the region's economies end auto industry are "on the edge". The firm says Japan, South Korea, Thailand and the Philippines are precipitously dMfltogr—hinlHWwiHy 1» k economic outlook in Japan
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      • 132 12  -  -OonpM by Christopher Tan ELECTRONIC road-pricing rates have gone up by 60 cents per PCU (passenger car unit) for eariy-moriiing travel along BMSt expressways. The rate on the AYS at MLSQam is $1 from Aug 6. It is &.S0 from 7304 am on Iks CTE (three gantries
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    • 242 12 ENTREPRENEUR extraordinaire and motor fanatic Tommie Goh has bought another four-wheel toy an MG classic replica called the TD 2000. Like most of his other cars, the new open-top twoseater is all black upholstery too. It carries the num-ber-plate "3". For Mr
      FILE PHOTO  -  242 words
  • Page 12 Advertisements
    • 64 12 II I JH Mm JAPAN S LEADING OFF ROAD MAGAZINE §4x4imgmzine 3 Jeep for the New Century ft JEEP LIBERTY INTRODUCTION TEST DRIVE Land Rover DEFENDER 110 CREW CAB Mercedes-Benz G320 8 Toyota sequoia Off Road Tire bmw xs 3.0 i Test Report v C GIIYf [Chinese English Introducing O
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  • Page 13 Advertisements
    • 153 13 I VOLVO for life y 1 'If, *>%r|'V%• y "A a**"*"* I 1 1 m 4 THE NEW VOLVO SBO OWNERSHIP PACKAGE. NO HATTER WHICH DIRECTION YOU TAKE. IT'S ATTRACTIVE. Owning the prestigious New Volvo SBO 2.4 has never been easier. After all. for a strictly limited time, you get
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  • BT golf
    • 543 14  -  As contra losses pile up, stock-market investors say bye-bye to their golf-club memberships, reports Ven Sreenlvas&n Ven Sreenivasan the deJ pressing ecom nomic news and soft job market f have already in1/ m# flicted signifi■l cant damage to prices of golf V W dub memberships,
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    • Article, Illustration
      294 14 In number eight of the Pro Tips series, teaching and touring professional Unho Pari< talks about: THE SHORT GAME Chipping IT goes without saying that the objective of the game is to get the ball into the hole in as few strokes as possible, especially from around the
      294 words
    • 390 14 Winning letter I CANNOT seem to control my greenside bunker shots. Each time I get into the bunker, I would pray hard and hope for the best I know this is not the best way to play a bunker shot but what can I do to
      390 words
    • 340 14 AS a 14 handicapper, I understand that 90 per cent of golf is mental and that thoughts direct the subconscious mind to produce the physical action that is consistent with those thoughts. I am aware that to play my very best, I must change the
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  • Page 14 Advertisements
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    • 65 14 BT Golf would like to invite readers to send in letters or questions related to the sometimes rewarding, often exasperating game called golf. All J 'J questions will be answered by resident pro, Unho Park, and the best letter or question will win two &packs of Volkswagen dual-core golf balls.
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  • REGIONAL news
    • 641 15  -  But analysts expect Desi-penorming Worse in world to resume climb From Eddie Toh in Kuala Lumpur THE Malaysian market took a breather yesterday, but analysts expect the best-perform-ing bourse in the world to continue its winning streak in the next few months. The
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    • 436 15  -  100 affected employees will be redeployed Prom i Audrey Tan in Hong Kong DAO Heng Bank, which was recently acquired by DBS, said yesterday that it will close 12 of its 71 branches in Hong Kong by year-end in a move to shut
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    • LATE Briefs
      • 108 15 Bloomberg (KUALA LUMPUR] Maxis Communications Bhd, Malaysia's biggest cellular phone company, said it hadn't raised its offer for Mobile One Asia Pte, Singapore's second largest mobile operator. Chief executive Jamaludin Ibrahim, confirming the company's bid for Ml, said Maxis planned to sell
        Bloomberg  -  108 words
      • 75 15 Reuters [MANILA] Philippine police detained nine foreigners and 15 Filipinos yesterday for allegedly engaging in the illegal sale of mutual ftmds and stocks of foreign companies. The foreigners questioned included four British nationals and a Canadian, the police chief said. He said group
        Reuters  -  75 words
      • 62 15 Bernama (KUALA LUMPUR] A think-tank is drawing up a strategic plan to boost Malaysia's global competitiveness. Parliamentary Secretary (Finance) Hashim Ismail told Parliament yesterday that besides the think-tank, set up under the National Economic Action Council (NEAC), expert groups had been formed at the International
        Bernama  -  62 words
      • 107 15 Dow Jones Newswires [KUALA LUMPUR] New Straits Times Press Bhd said yesterday it swung to a net loss of RM40.6 million for the third quarter ended May 31, from a net profit of RM6.3 million a year earlier. In a statement to the stock exchange,
        Dow Jones Newswires  -  107 words
      • 56 15 Bernama [KUALA LUMPUR] Tenaga Nasional Bhd (TNB) posted RM1.92 billion in pre-tax profit for the first nine months of its financial year 2001 ended May 31,2001, up from RM1.46 billion in the same period of2ooo. This was achieved on the back of RM10.63 billion in revenue,
        Bernama  -  56 words
      • 68 15 Dow Jones Newswires [JAKARTA] The Jakarta Stock Exchange said yesterday it won't delist two units of Singapore-based Asia Pulp Paper Co for missing a deadline to file their 2000 financial reports. The bourse said it will give pulp producer PT Indah Kiat Pulp Paper Corp
        Dow Jones Newswires  -  68 words
    • 369 15  -  From Harish Mehta in Bangkok THAILAND'S struggling economy showed further signs of weakening as exports declined in June, but production and consun\ption provided some ballast, the Bank of Thailand said yesterday. Unveiling its monthly economic data, the BOT said private consumption indicators continued improving
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    • 975 16  -  I comment ASEAN Mega prevails over line-up, bat husband wields Influence yang razali kassim TAUFIK Kiemas now belongs to that rarefied group of males such as Dennis Thatcher who play second fiddle to their powerful wives. Dennis T was so overshadowed by the towering
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    • 270 16  -  Prom, Al Labita in Manila PHILIPPINE President Gloria Arroyo risks going the way of her disgraced predecessor Joseph Estrada, after a former senior aide accused her husband of accepting a bribe. Opposition lawmakers in both Congress and the Senate yesterday called
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    • 158 16 HONGKONG Reuters THE economic impact of the US on Asia is vastly overstated and a recovery in the world's most powerful economy will exert only minimal influence on regional trade and growth, a top economist said yesterday. "I want to (dispel)
      Reuters  -  158 words
    • 788 18 NEW DELHI Coalition ally links his office to doubtful investment decisions over mutual fond Bloomberg, Dow Jones Newswires INDIAN Prime Minister Atal Bihari Vajpayee has offered to step down after a coalition ally linked his office to questionable investment decisions
      Bloomberg,; Dow Jones Newswires; REUTERS FILE PHOTO  -  788 words
    • 246 18 BEIJING AFX THE China Securities Regulatory Commission is to step up regulation of online securities trading, including making online brokers strengthen their internal supervision and take more responsibility for monitoring trading, the Financial News reported. It cited CSRC chairman Zhou Xiaochuan
      AFX  -  246 words
    • 520 18 HONGKONG No official comment yet; Monday's stock fall said to be related Reuters AFX-Asia CHINA Premier Zhu Rongji has ordered commercial banks to pull out funds UlegaUy channelled into the country's stock markets by end-September, the Hong Kong Economic Times (HKET)
      Reuters; AFX-Asia  -  520 words
    • ASIA Notes
      • 77 18 AP [NEW DELHI] The federal government has tokl financial institutions to pomp In more mooey or find a new investor to save the Dabhol power project, now that US-based Enron Corp has said it wants out, The Financial Express reported yesterday. The Industrial Development
        AP  -  77 words
      • 85 18 Bloomberg [HONG KONG] Bank of East Asia Ltd, Hong Kong's fourth-biggest bank by market value, said net profit roee &5 per cent, less than expected, in the first halt helped by contributions from a bank tt bought last November. The bank said
        Bloomberg  -  85 words
      • 59 18 AFX [BEIJING] China is to launch a sports lottery today to raise funds for the 3006 Beijing Olympic*, the Business Weekly reported. The Ministry of Finance has au&orised the National Sports Lottery Administration to issue one billion yuan (SJ2IS million) of Olympic lottery tickets
        AFX  -  59 words
      • 52 18 Reuters [HUALIEN, Taiwan] Taiwan rescue workers searched collapsed homes, temples, river banks and mountainsides yesterday for survivors of a typhoon which killed at least 52people and possibly more than 200. Toraji is already Taiwan's deadliest storm since Typhoon Xangsane kitted 89 people in
        Reuters  -  52 words
  • Page 15 Advertisements
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  • FINANCE
    • 318 16  -  ST Index/MSCI S'pore Index C K Lau Refco Singapore THE Singapore share market yesterday saw continued buying by local and foreign institutions as strong gains in regional markets boosted the sentiment The benchmark Straits Times Index edged up 8.47 points, or 0.51 per cent,
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    • 239 16  -  MSGHUwubdaz Daniel Wong Refco Singapore A DAY after Typhoon Toraji raged across the island, Taiwan stocks rose yesterday, led by Taiwan Semiconductor Manufacturing (TSMC). The MSCI Taiwan Stock Index added 2.25 points, or 1.11 per cent, to end at 204.45, with the turnover at 561.78
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    • Article, Illustration
      979 16 iMTnwBlia 6*0S8MATB Jul 31 M q om oo UNfcte Mt < W t IB tm Hmt m MMh 4772 4JM 0577 3.704 U29 1941 ZL*****.730 (UH 1570 190) 27J22 «JI 4B2 0J72 T7JCI 23JM OJM OJM? tea* 129S 5.432 0.741 4904 U02 5JM ***** ***** 4017 05» 2.404 1591 *****
      979 words
    • 231 16 Reuters THE yen lost more than half of its clay's gains against the US dollar and all of its gains against the euro yesterday as lingering concerns over Japan's economic prospects began to overshadow a rebound in Japanese stocks. The yen had pulled as much as 0.5 per
      Reuters  -  231 words
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  • Page 17 Advertisements
    • 196 17 WW Y: s>" 4t '#A:- v {PERPETUAL THINKING PROCESS} •'-•V''-"' "I INFINEON CYCLES '.>.-..• f ■':■{>■ v i INFINEON is a high tech company with all the semiconductor (C J) technologies needed to bring the new internet together. w f You're going 10 need loads of storage and memory. That
      196 words

  • 1588 18 Source: Reuters Source: Reuters SIOOM POTOEBB Jul3i RUBBER (Mm dosta ts at SJOm) 8SS1 CONTRACTS CMtofe) Ck>M VotaM OpM M—Mi U«> Salt (twm) twtorost Aug 01 106.75 Sep 01 106.75 Oct 01 106.75 Nov 01 109.75 RSSSCWTMCTflftcMti/*) VotaM OpM ItaO lw Wt flww) taorort Auq 01 58.25 250 SM«
    Source: Reuters  -  1,588 words

  • BIZ woman
    • 139 19  -  More than 400 women leaders expected at event By Liew Hanqing [SINGAPORE] The Global Summit of Women 2001 a conference aimed at fostering women's economic development will take place in Hong Kong this year. More than 400 women leaders in business, enterprise and
      139 words
    • 648 19  -  For the woman who is set to hold the purse strings at Shell, shareholders' interests come to the fore, says davbbuqham DAVID BUCHAN THE challenges Judy Boynton faces as the new finance director of Royal Dutch/Shell are rather different from those at her previous employer.
      648 words
  • Page 19 Advertisements
    • 94 19 Specialised in English-Chinese/Chinese-English translation of business documents M (e.g. contracts, MOUs, financial reports) IP Translated by professionally-qualified experienced translators |g Vetted by relevant accounting, financial and H business professionals, so that translation is fl accurate in language, meaning, intention and tone H Enquiries: Choo Hwa at *****14 I email: chteoGstoneforest.
      94 words
    • 337 19 &*^m 11 *j 9MfisaiMsc29£s4 \>»| J|H| E"! Kl JHHHW.'HHHHHK AhIM^JHPHMMBHI^B m |I||| KM J w .^Hlfl^^^HH BC,> CHINA Square <^H CENTRAL *!i!f fIP I China Square Central. Singapore's latest integrated office and retail development. Who says work has to be dull? With China Square Central, you can Close to Raffles
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  • Page 19 Miscellaneous
    • 278 19 CRYPTIC CROSSWORD ACROSS SNo Archdeacon'as long sessions 1 Prortbrted substances taken by of prayers (7) runners? (10) 7 Hot rock publication taken by 6P? m <her 10 PfayW ft «hn„. loorkir (4)- 8 i running of intervention about 10 Wtf-known craze catches me (5) 11 Imagined having been covetous 9At
      278 words

  • e News
    • 405 20 TOKYO Reductions are part of revamp intended to achieve G% sales growth Bloomberg "Nishigaki probably understands that the slowdown of demand for electronic products and components is really severe, thus he has to impose drastic reforms to cut costs,"
      Bloomberg  -  405 words
    • 386 20 SEATTLE AP MICROSOFT Corp will allow computer makers to put Icons for competing products on the desktop of Its new computer operating system as long as they plug Microsoft's MSN Internet service as well. Company spokesman Vlvek Varma said Microsoft has
      AP  -  386 words
    • 387 21 WASHINGTON It's expected to start multiplying itself at Bam S'pore time Reuters THE fast-spreading "Code Red" Internet worm, which disrupted US government websites last week, is likely to re-emerge today and wreak fresh havoc across the Internet, experts say. The FBl's National
      Reuters  -  387 words
    • 406 21 SAN FRANCISCO Pentium m processor-M protects raise the stakes fur Intel rivals Reuters NO 1 chipmaker Intel Corp on Monday introduced five microprocessors that it said would boost performance and lengthen battery life of laptops, raising the stakes for upstart chip designer Transmeta Corp
      Reuters  -  406 words
    • 247 21 SHANGHAI Bloomberg, Reuters NTT DoCoMo Inc, the largest mobile phone operator, said it is keen to expand its investments in China, betting Asia's largest phone market can offset declining revenue from voice-based services at home. Separately, Hitachi Ltd, Japan's biggest electronics maker,
      Bloomberg,; Reuters  -  247 words
  • 6962 20 HONG KONG •MM HK$ COOQ) AcroatAsia Muttlmadta 1*4 -0.04 0 Alpha Ganarai 004 uncfi ***** AmoyProp MO -0.10 1438 Ananda MmgOn 0.14 -001 69*10 AnganaNawStaalH 1.09 -009 242*0 AnhglConchM 1*0 -0.04 *222 AiMb«mmyH U* -009 34*8 Arcontach Carp U» unch MO Alia Sat TMcwn 14.50 0.19 143 ASM
    6,962 words
  • Page 20 Advertisements
    • 992 20 w ALEXANDRA HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ALEXANDRA HOLDINGS LIMITED (The Company") will be held at 8 Sin Ming Road #01-01, Sin Ming Centre Singapore *****8 on Thursday, 23 August 2001 at
      992 words
    • 283 20 THE COMPANIES ACT, CAP. 96 530 RESTAURANT PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At the Extraordinary General Meeting of 330 RESTAURANT PTE LTD duly convened and hald at 711 Geylang Road SO3-04. Singapore *****6 on Tuesday the 31 July 2001 tbe following special resolutions set out below were duly paaaed.
      283 words
    • 163 20 NOTICE OF MEETINO OF CREDITORS -wnr mm IN THE MATTER OF WEST Puy| MARKETING Notlca It haraby glvan pursuant to Section 296 of tha Companies Act (Chapter 50) that a maating of tha cradltora of tna abovanamad company will ba hatd at AEC Cantra. Intamadonai Factors Building 141 Markat Straat
      163 words
    • 294 20 ADVERTISEMENT PROVISIONAL LIQUIDATOR STATUTORY DECLARATION BY DIRECTOR OF WEST PLAN MARKETING PTE LTD (Registration No: *****0026) 1. Quah Soon Chow of West Plan Marketing Pte Ltd of 15 Elite Parti Avenue Singapore *****6, NRIC No. *****058 A make oath and say as follows > 1.1 am a director of the
      294 words
    • 724 20 M THE MATTER Of THE COMPANIES ACT, CAP. SO AND M THE MATTER OF SINBELCO CONSTRUCTION PTE LTD NOTICE OF SPECIAL RESOLUTIONS FOH MEMBERS' VOLUNTARY WINDING-UP (PURSUANT TO SECTION 290) At ai Extraordnary General Meebng of the members of the SINBELCO CONSTRUCTION PTE LTD duly convened and held on 25
      724 words

  • Page 21 Advertisements
    • 129 21 Where to wine, dine and entertain..," flte m The perfect time to relax and unwind Happy Hour at the Garden Terrace poolside bar With our buy-one-«et-one-FREE* special from 5.30pm 7.30pm (Monday Friday), you'll want to raise your glass to our wide selection of concoctions. Better still, bring your colleagues and
      129 words
    • 94 21 If you feel you've over Indulged and want to go easy on your diet, our special line up of vegetarian dishes will thrill your tastebuds with a different sensation. Try Claypot Beancurd with Egg Plant Bamboo Pith and Steamed Marrow Roll with Vegetarian Ham Celery. Price ranges from $6 to
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    • 31 21 Weekend Public Holiday 12.00pm 4.00pm Buff©t With 50 varieties to savour Free flow of home-made Barley Water Coffee/Tea Adult $16.80+++ Child $11.80+++ For R««rvttk>ns, ptau cafl 416 1132 Y Prnin»nl«ExrrUior 1
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    • 138 21 211 Queen Street, Singapore *****9 \lmnrir Tet Inmi F *****33 Website: http://webproxom.iu/orfordy ■BBHaUHSSB (from 12 noon 2.30pm doiiy) Come and try our value for money "1212" lunch promotion bring at least one friend to enjoy the following special prices and discount ird/wwiirdi Chicken Cugy jsiOO Thur For Reservations, call us
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    • 51 21 Sin^AsianJPlavours A-L*-Car*Buf»« at T** 0* month bbnda popular ortontal d*h— wtth flavour* tound ctooor to homo. Wo call tf Stno-Atmn euMna. fty H and oxportonco tho ultimo* In tMning plaaaun. This promotion m avaiabto tor draw from Monday to Friday ■nd tor txrth tone* and dbmar on Saturday. Sunday and
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  • WORLD news
    • 475 22 WASHINGTON Consumer confidence index falls to 11&5 as moanting job losses reduce optimism Bloomberg AN index of consumer confidence in the US economy unexpectedly feU in July from a six-month high as mounting job losses reduced optimism, an industry
      Bloomberg; AP  -  475 words
    • 223 22 LONDON New trading platform goes live tomorrow for sport-loving brokers AFP SPORT-LOVING stockbrokers can now have a winning ticket to their dream job, trading contracts based on the outcome of major sporting events. A new trading platform, called intrade,
      AFP  -  223 words
    • 425 22  -  Liquidator Ernst Young taking auditors to court in October From] Neil Behrmann in London ATTEMPTS to settle a £1 billion (552.57 billion) lawsuit against the auditors of Barings bank, which collapsed in 1995, have failed. The result is that Ernst Young,
      425 words
    • LATE Briefs
      • 107 22 Reuters [LONDON] Britain was to unveil a state-of-the-art supercomputer yesterday which scientists hope will unlock the secrets ofthe origins ofthe universe. The machine, the biggest supercomputer in British academia, cost £1.4 million (£93.6 million) and is one of the most powerful in Europe. The University of
        Reuters  -  107 words
      • 70 22 Reuters [LOS ANGELES] The LosAngetes Times is planning to lay off 1,570 part-time workers in its distribution system and dose several offices as part of a previously announced plan to shave costs, a spokeswoman said on Monday. On May 15, the Tbnes, a
        Reuters  -  70 words
      • 69 22 Reuters [BRUSSELS] The European Commission said yesterday that it had dropped cartel proceedings against hanks in Finland, Ireland, the Netherlands, Belgium and Portugal over the alleged fixing of fees for exchanging eurozone currencies. "This decision was taken after the hanks decided to set prices
        Reuters  -  69 words
      • 74 22 Reuters [OMAHA, Nebraska] Berkshire Hathaway Inc, the holding company run by billionaire investor Warren Buffet L, said yesterday that it would buy transportation equipment leasing firm XTRA Corp for about US$59O million (Ssl.o6billion) in cash. Berkshire Hathaway, which owns dozens of businesses but is
        Reuters  -  74 words
      • 75 22 AFP [GENEVA] The European Union tods an optimistic view here yesterday of progress towards global trade negotiations at a World Trade Organization (WTO) meeting in Doha in November, speaking of US support for talks on investment and competition as sought by Brussels. The
        AFP  -  75 words
    • 303 22 Bloomberg [SEOUL] The merger between H&CB and Kookmin Bank, which will create Korea's largest commercial lender, won't lead to forced layoffs though some branches will be closed, H&CB President Kim Jung Tae said. Mr Kim, who was appointed to head the
      Bloomberg  -  303 words
    • 264 22 TOKYO Govt studying ways to ensnre energy security: minister Reuters JAPANESE Trade Minister Takeo Hiranuma yesterday said that the Ministry of Economy, Trade and Industry (Meti) has started talks on abolishing state-run Japan National Oil Corp. Saddled with bad debts said
      Reuters  -  264 words
    • 233 22 BRUSSELS WTO to be moved if Europeans are penalised AP THE European Union's head office warned Washington yesterday that it would complain to the World Trade Organization if the US tried to penalise Europeans who do business with Iran and Libya. EU
      AP  -  233 words
    • 414 23 EARNINGS WRAP Q2 loss rises to 970 m euros on costs from mobile licences, VoiceStre&m buy Bloomberg [BONN] Deutsche Telekom AG, Europe's largest phone company by sales, posted its third straight quarterly loss in the three months through June, hurt by costs from
      Bloomberg  -  414 words
    • 306 23 Bloomberg [HSINCHU, Taiwan] United Microelectronics Corp, the second-largest maker of chips to other companies' designs, posted a second-quarter loss twice as large as expected and forecast an even bigger shortfall this quarter as sales and prices slump. UMC had a loss
      Bloomberg  -  306 words
    • 408 23 It says 38.7b yen loss due to slump in IT, mobile device market AFP [TOKYO] Japanese electronics giant Matsushita Electric Industrial Co Ltd posted its first ever quarterly operating loss yesterday due to a global slump in demand for technology. "We feel strongly a
      AFP  -  408 words
    • 368 23 TOKYO Results boosted by record sales in Japan, N America Bloomberg HONDA Motor Co's firstquarter group profit rose by 40 per cent to a record as Japan's second-largest carmaker grabbed market share at home and a weaker yen helped inflate
      Bloomberg  -  368 words
    • OTHER Results
      • 54 23 Bloomberg [TOKYO] Canon.lnc's second-quartet profit rose ISfcwr cent as Japan's largest officeequipment maker cut costs, won US market share and gainadfrom the yea'sftiL Group net income rose to 56.7 billion yen (BsBl9 million) in the three months ended June 30 from 32.4 billion
        Bloomberg  -  54 words
      • 71 23 Bloomberg [SEOUL] LG Telecom Co, the smallest of Korea's cellular-phone companies, said it turned to a profit of 68.4 billion won (5594.5 million) in the first half from a loss in the year-befbre period on increased subscribers. LG Telecom lost 167 billion won in
        Bloomberg  -  71 words
      • 65 23 Bloomberg [CLERMONT-FERRAND. France] Michelto&CteSCA, Europe's largest tyremaker, said first-half operating profit fell a larger-than-expected 9 per cent, hurt by rising rubber prices and slower sales to North Amarfca. Operating profit dropped to 491 million euros (*****.7 million), from 540 million a year earlier. Net
        Bloomberg  -  65 words
      • 65 23 Bloomberg [LONDON] Halifax Pic said first-half net income fell 13 per cent as Britain's largest mortgage lender cut prices on loans and paid higher rates on cheque accounts. Profit fell 13 per cent to £547 million (S$1.4 billion), or about 24 pence
        Bloomberg  -  65 words
      • 63 23 Bloomberg [LONDON] British American Tobacco Pic's secondquarter profit rose 7 J per cent as the No 2 tobacco company gained from higher cigarette prices to the US and increased sales to Europe and Asia. Net income fixtoe maker of Locky Strike and Pali Mall
        Bloomberg  -  63 words
    • 587 23 NEW YORK Many feel that having the former president's office in the area will lead to a revival in Harlem LAT-WP THERE was a big party in Harlem on Monday for Bill Clinton, a sort of Elvis-is-back event with speeches,
      LAT-WP; PHOTOS: REUTERS  -  587 words
    • 510 24  -  Tokyo stocks rebound, helped by possibility of fresh stimulus and rise on Asian markets From* Anthony Rowley in Tokyo A FRESH swathe of economic data underlining the rapid deterioration in Japan's economy appeared yesterday, prompting a senior government
      510 words
    • 305 24 Pressure to quit complicates bank's bid to halt slowdown Bloomberg AMSTERDAM] Wim Duisenberg is likely to serve out his full eight-year term as European Central Bank (ECB) president, defying pressure to step down early, European Monetary Affairs Commissioner Pedro Solbes said.
      Bloomberg  -  305 words
    • 242 24 Conviction would debar her from standing for Parliament AFP [BRISBANE] Right-wing political leader Pauline Hanson, founder of Australia's antiimmigration One Nation party, denied fraud charges in a brief court appearance here yesterday. Ms Hanson, 47, appeared in Brisbane Magistrates Court on four charges relating to the
      AFP; REUTERS  -  242 words
  • Page 22 Advertisements
    • 211 22 Nothing conies close to the keart-pounding thrill of that defining moment. Until now. >'*K Tke moment you lay eyes on tke new L.XU, SC43O. As thrilling as your first million:*; I ils r.|g§ d@||' -i,>i If ss.t is Magnificent is tke word tkat springs to mind as you ease into
      211 words

  • Page 23 Advertisements
    • 77 23 I L I S r '^^^SSKlShk^ v. f H *t«g- I*--* 3gS$S I "j" J J N iWr*«a|| 1 jOk HF.-' Mg B 1 ™f§ at _^K I reel tke rusk. I www.lexus.com.sg rs TFL 749 32H 378 1 37H w22 3 H vm OPES MON-FRI: BAM T06.30PM SAT HAM
      77 words

  • 2318 24 BONDS WARRANTS m Ml M b*r U-M La* M toy UlHllll ><1 MCai (w (k MB u» emmm tr mm m* u» >tar m> mh mumi <%* «h<i>t ua 39.5 26 a ASTIW*****1 26 -1.3 tS7 28 5 26 26 28.5 27 26.4 1 16 6 1.52 3S
    2,318 words
  • Page 24 Advertisements
    • 707 24 v'v TT international limited f tti (Incorporated in the Republic of Singapore) V V Registered Office: 9 AtA 10 TohGuan Road #10-00 TT International Tradepark fl I Singapore *****8 fl AISMMLIAL, """***"^^l I NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be hekj at 10
      707 words
    • 114 24 WBL CORPORATION LIMITED (Incorporated in the Republic of Singapore) LOST STOCK CERTIFICATE The following stock certificate has been reported lost or destroyed:CERTIFICATE NO. IN THE NAME OF STOCK OF Ml OOF ach 320 Tan Winnie 4JT75 NOTICE IS HEREBY GIVEN that if within fourteen (14) days from the date hereof,
      114 words

  • 7483 25 SOXMADtBOARP fir «r MM Mk l«l «M Day imOhm Hi Db W M Cm A*f W# I— rimply Ml W- f| I—r »■>» Mhi Cw W imi Met MMill —I 111 143 35 cAcmaSOc 40.5 inch 210 43 40 40 41 OS 19.9 0 6 10.7 703 41
    7,483 words
  • Page 25 Advertisements
    • 46 25 WISE GOLD Share Rates C I at an Unbelievable. Cecil St 880 0600 Email mktg@sbsl.com.sg Our Branch** Ang Mo Kk» 458 4222 Marti Road 292 1458 ■•dote 445 8011 Suklt Tlmah 487 1916 East Coast 348 8262 laramoon 299 8855 I&NGAPURA ja n BUILDING SOCIETY LTD
      46 words

  • ASIA ONE markets
    • 535 26  -  Rising earnings estimates volatility in these regions indicates extreme investor uncertainly Byi Jean-Luc Buchalet The writer is strategy consulting director of JCF Group BIG and frequent changes in broker earnings estimates for a stock are usually followed by extreme market performance to
      Source: JCF Outlook  -  535 words
    • 593 26 IT's earnings season, and our Penny Stocks are about to release results for the six months ending June 2001. Jurong Technology a leading printed circuit board assembly service provider for hard-disk drive makers like Maxtor and Seagate reported a 94 per cent jump in
      593 words
    • 460 26  -  MAiLrm Lee Chiwi Singapore I REFER to the letter "Fee hike not justified as fund's poorly managed" by Michael Ong Pang Chuan (BT, July 9). I understand that the fund concerned is a sub-fluid of an umbrella of funds that invests or feeds into an underlying
      460 words
  • Page 26 Advertisements
    • 370 26 A I£ F XHroup (QUYn?* »««f Bank Of Singapore: Winner of the 2001 e-Bank award a o o i j||f- L T *••»•>.• Whether or not flying saucers are part of your future, you know piloting one will be much like surfing the Web. You'll sit with a screen that
      370 words
    • 11 26 IVallStraits Oshnflrat-haif2oolrM«lts W!W Omni MoM growth astonMml iiifong T«c*i sate* aoara
      11 words

  • PERSONAL investment
    • 976 27  -  Sellers continued to be active with $16.66 m disposals versus $12.75 m purchases By Robert Halili The writer is managing director of Asia Insider Limited. He is assisted by Ngia Soon Chai in Singapore THE change in leadership in Indonesia not only
      976 words
    • 149 27 Three of the four sell factors, namely number of disposals, companies, and insiders were up by an average of 11.6 per cent from their 12-week averages. But the sell value fen by nearly 58 per cent to 5516.66 million from the 12-week average of Ss39
      Source: Asia Insider  -  149 words
    • 577 27  -  Firm also gets funds injection, boosting assets under management to $17.5 m By l Genevieve Cua SLEEPY, tiny Singapore Unit Trusts Ltd has just gotten a shot in the arm. Following its acquisition by Malaysian fund manager Permodalan Nasional Bhd (PNB) in December,
      577 words
    • 725 27 UNIT TOST/SECTOR (6 MONTHS: JAN 26 '01-JUL 27 '01) TOP tO FUNDS CPF-APPROVED B0CHMARK (SG) CHNG CHN6 1 HSBC Chinese Growth N 2714 CLSA China World -0.48 EMyCWna 2 Aberdeen Indonesia Eqty Y 14 29 JakartaSEIndex* 459 j *&>■ jL tQuny inooncsia 3 Franklm lempieton F-Mut Beec N 10.51 SAP
      725 words
  • Page 27 Advertisements
    • 1150 27 nwnM I tmaM m»74llf>/—nriafcf eft im ff; TAT HONG HOLDINGS LTD Notice off Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Shareholders of TAT HONG HOLDINGS LTD (The Company*) will be held at 18 Sungei Kadut Avenue, Singapore *****9 on 28th August 2001 at
      1,150 words

  • EXECUTIVE money
    • 1082 28  -  With funds faring better in Q2, investors can take heart that markets are nearer the bottom but value investing still rules. cua finds out more GENEVIEVE CUA UNIT trusts' returns improved markedly in the second quarter with some funds delivering as much as double-digit returns. Is
      Source:; REUTERS  -  1,082 words
    • 397 28  -  Such fond* may net offer mere returns compared to GPP compounded interest rates: Mercer consultant By Genevieve Cua MOVING CPF Special Account (SA) savings into capital guaranteed funds makes little sense, as the SA's guaranteed rate of 4 per cent is risk-free and is already
      397 words
    • 175 28  -  -Byi Genevieve Cua DBS Asset Management has withdrawn two unit trusts from the CPF-approved list. These are the DBS Horizon Global Bond US$ Hedged Fund and the DBS Horizon Continental Europe Fund. BT understands that there is to date no CPF money
      175 words
  • Page 28 Advertisements
    • 71 28 OPENS TONIGHT! IMG presents AMERON MACKINTOSH'S production ot |M9s s| Saigon A MUSICAL B V ALAIN BOUB L I L AN D CLAUDE-MICHEL SCHONBERG PHOUDL SPOVvORLD BV ©DIiSBANK sisik. Booking Hotline: August to 16 September "5 /k cy crccrcr ka LLANG theatre 'tO STUDENT TICKETS AVAILABLE FROM 545 Tickets available
      71 words

  • SHIPPING TIMES
    • 273 29 Reuters THE Baltic Dry Index (BDI)fell 17 points to 1,067, the Baltic Panamax Index (BPI) lost 33 points to 1,009, the Baltic Handymax Index (BHD dropped 31 points to 8,205 and the Baltic Capesize Index (BCD was down 16 points to 1,197. ♦Top Leader (built 1999) 73,600dwt delivery
      Reuters  -  273 words
    • 247 29 MM ««/-»> CITTm*a*luii 0.55 unch 0 ChuanMup 002 -0.« 604 Cow mull—fIt 0-22 unch 20 rr*(*uwu_ o.oe o.oi \40 oiJkmm as unc* o »CH»IH11*—5-60 men 0 j«h iiwhi as ojji to **B* Cm* 164 <3.02 2054 MM mm m -o 02 316 Ka*pa<Martna __0.1t 0.01 363 KmM T«t»
      247 words
    • 474 29  -  prru7*iHL-u'/j New company formed out of 3 based in HK, Tokyo will expand total fleet managed By Beth Jinks [SINGAPORE] The world's largest shipping company, Japan's Nippon Yusen Kaisha (NYK Line) will consolidate three of its shipmanagement companies based in Hong Kong
      FILE PHOTO  -  474 words
    • 369 29  -  Collision case still nnder probe -By Beth Jinks [SINGAPORE] The Singa-pore-flagged container ship Pacific Eagle left the Philippine port of Davao on Monday night to return to Singapore after it was involved in a collision which sank a smaller vessel last week. A
      369 words
    • PORT Shots
      • 76 29 [SINGAPORE] The Indian Government has been urged to establish a port development ftmd to help finance privatisation projects. The plea came from Tuticorin Port Trust chairman S Machendranathan during a conference on infrastructure development at Chennai, who said the money could be used
        76 words
      • 70 29 [SINGAPORE] In an unusual move, Thailand's defence ministry plans to offer three naval ships for commercial charter. Despite concerns about international classification and documentation, one of the war ships has reportedly already been employed as a tanker by the Petroleum Authority of Thailand. The
        70 words
      • 91 29 [SINGAPORE] South Korea's Han)in Shipping has begun a container service between China and Australia through a space rental agreement with China's flagship line Cosco. The Australia-China Express route (ACX) links Shanghai, Huangpu and Hong Kong with key Australian ports in Sydney, Melbourne and Brisbane, initially using
        91 words
      • 97 29 [SINGAPORE] Wild winter weather forced Sydney Harbour to close over the weekend, stranding 1,500 cruise passengers for an extra night at sea. The harbour was reportedly closed from lunch time Saturday until Sunday morning because of dangerous swells of more than 7 metres whipped up
        97 words
    • 305 29  -  Week-long drive reveals pay discrimination based on nationality ■By] Beth Jinks (SINGAPORE] The International Transport Workers' Federation (ITF) claims its inspectors have proved that wage discrimination based on crew nationality is rampant on board vessels in the Irish Sea. The first
      305 words
    • 398 29  -  By Beth Jinks [SINGAPORE] The Port Authority of New York and New Jersey will push ahead and deepen its channels to 50 feet seven years ahead of schedule if funding is approved. The port's board of commissioners approved
      398 words
    • 128 29 [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) will launch a new online bunkering service today. Designed to enable shipping companies to access bunkering details via the MPA's Singapore Maritime Portal, the site includes profiles of bunker suppliers, their operational resources, products
      128 words
    • 853 30  -  STRAIT TALK By I Seafarer SINCE shipowners are well represented on the boards of classification societies, one would think that there would be a considerable degree of harmony between the societies and shipowners' organisations on most issues. In fact, the
      FILE PHOTO  -  853 words
    • 260 30 PACE Ahrenk* 10 Appenship 5 Assets 5 Austral 6 Avant t0 B*tanqMas 6 BSA 7 BSC 9 BTl 10 Bat# 4 BftaiWMto 9 Bayswater 10 CCMI 7 CMAC6M 3 C0SC0 3 1 Central Ex 6 Chahaya 10 China Shpq 5 Confer 10 Colony Log S Cougar 7
      260 words
    • 9603 36 THEBUSINESSTIMES Page 8 EXPORT WEDNESDAY, AUGUST 1, 200 ETA ETA Advertiser Vessel Voyage Telephone SIN Oasf n Nam* Hum Number Number flNMHflMtfMNfi0NNRNNBMMMNNNHMMHMMNMHNnHMK9MMIRKRM£<iGttMiS To ABIDJAN (ABJ) 2003 Cot* D'lvolrt 06/06 »/M MOL PMNCDAR1CA «IOM 65-*****66 06/06 M/09 Mm OCLMAS BLOSSEVILLE BOW 65-*****44 12/08 21/09 S»tr»nw VILLE DC VELA JMW
      9,603 words
    • SHIPS IN PORT
      • 744 39 Vassal Voy No Bart* Arrival Dtpartar* S#C Capncor 81 JC 31/07/520 31/07/1900 C Saccass 31"Jul JK> 31/07/730 31/07/1700 H J Ray N ***** JOl 3V07/600 31/07/2000 ■Mar 072S01 J03 31/07/7:15 3V07/2200 Ihuk Hong 5 tk06a J03 31/07/6*0 31/07/2300 M 6601 J02 31/07/9:10 02/06/900 T*w 99 2 JM 31/07/930
        744 words
      • 1900 39 RECEIVING Of EXPORT FCt COWUIHCRS MID LCI CMte Booktnq/BaUnc* tsth SWp Voy Mo Ett/Btr Nrtod FroM To Fro* AO*W» «H 2/B40 30/rWC JO/IM* 30/1*00 tt JO.-roc JV06W ItWOC a XVT7W MM MM 1 JV0700 JVHM 3 *X 4 3V8oo w« jvrm acxoamja an Mom a kvboo 3*mm jo/wm
        1,900 words
      • 173 39 Switzerland: National Day Singapore: National Day South Africa: National Women's Day Ao|utU Thailand: HM The Queen's Birthday Aagutlfi South Korea: Liberation Day Switzerland: Assumption Day Spain: Assumption Day Belgium: Assumption Day France: Assumption Day Italy: Assumption Day Aafnatl7 Indonesia: Independence Day Aagut27 United Kingdom: Summer Bank Holiday Aagost
        173 words
      • 756 39 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar hat Prices shown are baaed on averagesized stem. Market movements are indicated. The Cockett Banker Price Index change and
        756 words
      • 393 39 Carta* MO Mu 990 J 0.5 153 0.T! 44 OM MM Dmttv »M*r Mto Ask tk*Wm MMm* Bo abOM E2S 0 0 2 1 0 0 %HM 380 AM 904.1 07 14.4 0.06 22 0.02 to* 380 Ma 9912 0.5 18.3 0.11 50 0.09 M/W3 %»A
        393 words
    • AIR & LAND transport
      • 371 40 Trade group revises 2001 forecast for carriers from USs2b profit to US$L5b loss Reuters [NEW YORK] US airlines are expected to lose US$l.5 billion this year as the corporate travel slowdown erodes business, according to estimates by a Washington, DC-based industry
        Reuters; FILE PHOTO  -  371 words
      • 132 40 Reuters [BRUSSELS] No-frills airline Virgin Express said its first-half pre-tax loss narrowed to 1.7 million euros ($1.49 million) compared to 20.2 million euros in the year-ago period, and reported a second quarter pre-tax profit. Virgin Express said pre-tax profit in the second quarter was 2.1 million
        Reuters  -  132 words
      • 231 40 Reuters [COLOMBO] Airlines announced sharp fare increases for Sri Lanka yesterday as passengers began to feel the fallout from a devastating Tamil Tiger guerilla attack last week on the country's only international airport. "All airlines have increased their fares from Sri Lanka
        Reuters; REUTERS  -  231 words
      • 339 40 Reuters [MOSCOWJ Russian airline Aeroflot said it expected no progress on plans to set up an Irish subsidiary before autumn. Aeroflot first raised the possibility of an Irish subsidiary, which would give it new European routes under a European Union (EU) open skies
        Reuters  -  339 words
      • 337 40 Many airlines suffering from overcapacity, losses: industry executives AFX [BEIJING] Senior executives in China's airline industry believe the Civil Aviation Administration of China (CAAC) has overestimated the country's demand for new airplanes over the next five years. Business Weekly reported. The CAAC recently forecast the country
        AFX; AFP  -  337 words
      • 370 40 AP [HONG KONG] In the fourth week of a go-slow industrial action, Cathay Pacific Airways vowed yesterday to implement a new package of pay and working conditions despite a rejection by the majority of its unionised pilots. Cathay spokeswoman Lisa Wong
        AP  -  370 words
      • LOG Book
        • 98 40 Bloomberg [BEIJING) Pierre de Montgolfier, Airbus Industrie's chief executive for China, died in France last Thursday at age 56, an Airbus spokesman said yesterday. He suffered a heart attack June 19 while in France and had been hospitalised since then, said Gu Ming, an Airbus
          Bloomberg  -  98 words
        • 85 40 Bloomberg [SEOUL] Korean Air Co, South Korea's largest carrier, said it filled less cargo space and fewer seats in June because the cooling US economy reduced demand. The airline filled 72.4 per cent of available cargo space in June, down from 79.1 per cent a
          Bloomberg  -  85 words
        • 58 40 AFX [MANILA] The government is pushing for a merger of the Subic Bay Metropolitan Authority and the Clark Development Corpfreeport zones to encourage development of the central Luson region in northern Philippines, Trade Secretary Manuel Roxas II said. "This is a consensus among the
          AFX  -  58 words
      • 1551 40 an maw tu rum no UlUKl MU30 aso imw aso mm bb Hmtwmm 5023 ObB Kit* 2255 M»7» 0955 S038 2M5 MM R242M 20*5 ****** »45 WW »6 MB IMS M* WW W >*W IWIW mo MflMMT OWS Itollmw *4423 MS *4424 OSS MOT noo SOW
        1,551 words
  • Page 29 Advertisements

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    • 687 30 I TO USAJCANADA I I EffOffT I I OTHER DCSTINATIONS I [vessel wi mb ImsNIioHGKACNjMUAS Inousvom Imbvhb loscago Inrvtov I KeB m iiimmU lAlBrnm U FXW—I OOQKTHBUNOS 30Q1 31/B7 01/W I 17/* IW 1W B/R Si I I I I P— I"— r— OOQWTJUN 44Q2 07/W 01/W I ?VW Zl/W
      687 words
    • 637 30 Lines services represented by of the Registry erf Vpjjgfw Accredited Shipping Agents, N£*j Snggpore Shipping Association Smmmm Ivissa Tvoy hi flu m P.KUN6 SPOM MALI Princess Lity VO6Ol U/06 15/08 22/06 Empress Lily VO7Ol 02/09 03/09 11/09 Princess Lily VO7Ol 18/09 19/09 26/09 i nin aL nwoa 17V0M T*: 334-7266
      637 words
    • 6 30 Members of the Singapore Logistics Association
      6 words

  • Page 31 Advertisements
    • 1240 31 TO EUROPE FROM EUROPE Ivcsa VOY I SM W HM i» sou ta> [vessel VOY I »IM AIM HMI wv sou w sm I APISAKDONYI IMW 02/00 25/00 73/01 20/08 21/01 HYUNDAI ADONtAL 333E 15/07 12/07 09/07 02/10 MoiMosa j4ow 03/00 20/00 22/00 24/00 25/00 apigbmany ton 14/0712/07 u/07 03/00
      1,240 words
    • 1533 31 I* W T/T l>• NOT 1 JBMI T/T tII MOT I MUM T/T >TS MOT J GMRM AGOITS M SMGAPORf: 80 RORMSON ID #12-00 SALES/KGS TEL *****57/43 FAX: *****21/71 COSTAR SHIPPING PTE ITD Hs* G^T°*L2? SS9# 2SSS"<M> 4W5 *****2//75 STujSg 03-*****433 o£wn3*w Cl NO; **********0 M TEL 224 1900 (MAM)
      1,533 words
    • 387 31 *gsa wr SM mr SM Lrimiw iik n/u L/J n« Ir/n n/n ii/Ju/m IULjUM U® "41 S3A UM_ gmmiig liasnow cn n« MM jwww ii/W h*i wm_ m gym <M 4 4— I—BB—1 —88— 81 mimmm I I iws [dvm io/w ii/m ivm ivw im H>m> >> tnlmmmwm smi['oic 1
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    • 1028 32 C SENATOR LINES jIORMWPt TOAWOIIIAST/BIAH/MPgA «i J2L_ I«■I—I«■ I I Imsa I w I |m| »u 1 a w ranwusaunw mitw jij; mm iim iua >uh on on fowmht misw mm dm i«m iim km mum Man mum oh a* w» a* hm &m <um misw iim ilm iim km
      1,028 words
    • 667 32 m iAM MAC-MELS gPOIIfe- M»IA I fTrrTTj Cmler MN CONTVt UNES, M RouoNa^Mim VIJ MAMLA: (632) *****24 PENANO: (04)*****36 BANGKOK: (6tt) *****67 SURABAYA: (31) *****11 P- KELANQ: (03) *****77 JKB (B)WB> KUCMWQ 062) 4X461-6 MEW YORK 1 PIRAEUS MV "SHENZHEN BAY" V.36E31 MV "P&O NEDUOYD SCOTIA" V.1513 ETA SIN: 08-08-2001
      667 words
    • 443 32 WEEKLY EXPRESS SAILING SCHEDULE WESTIOUND TO: COLOMBO i MMM SHEW* (CFS MULUND MUMMf) ALSO ACCEPTMG TO ALI NORTfBM ANO MESTBM CO POafTI rasa mum nrr trrnMlmiMonlM «wJ ii—iiw liimm—. whba va-—n ■HISO S«l« NMK lIMK ISMK MMBH lISMSM tom win m IMHMM EXFBSS 007» 13MK 11 UK T7UK MMO MMGNM
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    • 1333 33 IVISSfI VOY KHH HKO I SIN I Pitt DXi IA» DM* 3NC IRAN TABATABAEI PCL-21S 31/07 01/03 04/03 05/03 13/03 13/03 15/03 17/03 IRAN KIRMAN PCI-219 07/09 09/09 11/ M 12/08 19/ M 30/03 22/0* 24/0* MAN ISFAHAN PCI-220 14/08 13/03 l»/0« 19/03 26/0* 17/09 29/09 31/0* IRAN HORMOZGAN PCI-221
      1,333 words
    • 401 33 i k ILoadinglo^^^^^^^^| ZIYUN SHAN RDM/ATW/BMNAJK/LPL I NAZLI G RDM/ATW/BMN/UK/LPL E TINA 1 RDM/ATW/BMNAJK/LPL I Loads Sngmow. E-/W. MMayia. Indon— J Loading for RAINIER DeVABU^DOH/BRN/DMM/KWT PISCES EXPLORER JOVACWDMT AEGEAN SEA DBVABU/DOH/BRN/DMM/KWT ALQAWIYYU JOH/AQA RADIANT CANOPUS ADN/HDO/JDH HATIME ANA JDH/AOA toads Singapore, E/W. Htoto| as. Indon—la ILoadng for 1 GEM OF
      401 words
    • 1281 33 "visui vo/ m 'mo La xoc tao rasa «tf km mm 1 Mil iMi 1m 1 *2hHMI —M =2S= hh*mi 1 miL- miff I n/w I n/w jua ilsi_ smuuT I N r^r <rmwu<i Imm I io/w 1 is/w I it/w ?i/w wn Uwlhum Hlh lt7H~ Ift^i BANGKOK fTPTI C*hne
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    • 1030 34 i ASIA MHHTERRANEAM BXPKESS (AMI) WESTIOIIND SHHVICE I gar m~' am ttm in «M| imp WLA SfCZU bMm Mmk fm Sm Mm, Imnm Mm* Im htm, Sam Cm h I SfflCm2m**7mtf ■I Hfntkckofl bma, Abdjm I i s^^asttttsartfsaavss"" CAPttICOKN SERVICE (WALLABY) I VOY SIN FK I'ALSO ACCEPTING CARGO VIA FREMANTIf
      1,030 words
    • 382 34 INDONESIA NATIONAL UNE TO AUSTRALIA I MI mono—w RJUCWIWMIgWICe wr m m m m. m\m |w roam m tk/u«m n/mnmn/n |m/b|- dim in u/MU/M nm~umnm L« immum «T mmn/m [p/»|. m.*cm 4IS Vim nm «yw m/mu/m fi4/w|FEEPER SERVICE TO INDONESIA In 15 1 z i 1m I I I z
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    • 381 35 BSfl ik \mm MYANMA \HBk FIVE STAR UNE (MyawMr NRImmI UM) f#f YIB JOB vissa vot sm pu pa pgu* hpa-aa nm su mm u ww mpt MALAYSIA MINTS: 80USTEAD SMPPMG AGENCIES MM: m 83-*****3 M PRL 1H 83-3174*181 PBfc TH 84-*****87 PGM m 07-*****11/4 BANK LINE (A Mr*kl »t
      381 words
    • 1249 35 HYUNDAI MERCHANT MARINE CO., LTD. IVBSR W>T~ T SOU I tfll I MM AM HAM MV IVBSM I VOT I SOU I IB! I MM AMT MM MTV "fTTI MX LOME S42W 27/87 17/08 11/08 12/08 14/08 APIHUNCE 1811 04/87 87/17 05/07 vj%J HYBME 3SOW 24/87 20/88 11/08 14/ M
      1,249 words
    • 926 35 vftr WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVTUFT SERVICE" iVBSa VOY tw HBGHT ISiIUT I MO MiA I SAV IMII OB NYC I*W 1 MOO I UflOU Mil* 4001 m 6.JM 12/01 10/00 22/00 24/00 26/00 27/00 20/00 03/10 05/10 UMPA AMII7 4001 ms 6JM 20/00 04/10
      926 words


  • Page 37 Advertisements
    • 255 37 lAL LOGISTICS® PTE LTD 80 Robinson Road #22-01 A Singapore *****8 Tel: (65) 223 8380 Fax: (65) 223 8387 www.ialsin.com Hsasia express lines SINGAPORE AGiNT: JARMNE UNER SUPPORT SERVICES vot swairow pasmgubaog powkeaiig wmm ramus jfflAflWMß IZ/U «/«/woi Mlflß m/w/mo sm mwar »i /mrm 1 6MOn *ZI! M/w/Moi v/m/m\ nmrm\
      255 words
    • 197 37 INDIAN SUB-CONTINENTS Mumbai, Nhava Sheva, New Delhi, Calcutta, Kandla, Ahmedabad, Ludhiana, Jaipur, Jodhpur, Nagpur, Chennai, Cochin, Bangalore, Hyderabad, Coimbatore MIDDLE EASTS Dubai, Jebel Ali, Abu Dhabi, Sharjah, Muscat, Kuwait, Bahrain, Doha, Bander Abbas, Dam mam, Jeddah and other ports in the Middle East lAL CONTAINER LINE (UK) LIMITED www.ial.com <Bsa
      197 words
    • 222 37 MUR SHIPPING I INDIAN OCEAN ISLANDS/SOUTH AFRICA VBSa TWU MRI KK TGM SM PK MTS REUMOH DM B PI CT OmSSPtOGKSSVOTOI3 M/M M/M 11/ M M/M IS/M M/M 02/ M OS/M 04/09 07/ M MR VOT 014 10/W IJ/W 14/OT 14/09 17/Df »/M 04/10 M/IO 07/1# M/ 10 iiini i
      222 words
    • 380 37 EUROPE: All base ports and inland locations NORTH ft SOUTH AMERICA: USEC, USWC, inland locations in USA and all other major countries in South America AFRICA: All major ports and inland locations SOUTH EAST ASIA A FAR EAST: Indonesia, Malaysia, Thailand, Philippines, Vietnam, Korea, Japan, Taiwan, Hong Kong China AUSTRALIA,
      380 words

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    • 567 38 Ivesse^^^VO^^S!^^l3A!^^S!^^| TIGER SPEED 909N 02-03/06 09-12/06 17 1&08 I TIGER METRO 910S O&O&WFOR DISCHARGING ONLY) I TIGER BRIDGE 906N 07-0&08 13-16/08 21 22/08 I TIGER RHYTHM 911N 09-1008 16-19/08 24-2 M» I MILD6URG UN/01 14-15/06 20-23/08 28-29/06 I TIGER SPEED 913N 17 18(08 23-26/06 31-01/09 IvEsse^^^vo^^sU^^CA^^sU^l XPRESS SPORE 321 05-06/08
      567 words
    • 771 38 FREIGHT LINKS IXPRKSS PTE LTD 51 Penjuru Rood, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 Tel: *****11 Fax: *****77 E-mail: flesinQsingnet.com.sg Introducing VALPARAISO SOUTH AMERICA SANTOS MANZANILLO fortnightly service BUENO AIRES Booking 267# 5565/4694/5535/5539/5541/5553/5569/5579/5562/5563 U W SERVICETTNQUIRY CONTACT: EDWARD 9672 9979, VINCENT SEE 967S 5760, RAYMOND 9748 3496, ISAAC
      771 words
    • 33 38 Q23 kms LOGISTICS (S) PTE LTD AIR SEA SERVICES TO/FROM: MANILA HONG KONG/SHENZEN/ KEELUNG SHANGHAI EUROPE/USA Head Office Tel: *****80 Fax: *****90 Email: kmslog(a pacific.net.sg Airport Office: Tel: 542 2089 Fax: 542 2631
      33 words
    • 903 38 I /ib |PDZ LINES I Ulm tSSfmuT Q^«yttTE: W .»,.ssH utoMr-om jg» >12*5 01/00 GISOIG ***** 01/00 GUAM 2111 01/ OS «u!I^^^1210l1/ll OUOO ***** 02/00 SHMUMEI 2113 03/0 l GISWH 2123? 05/01 GISWH ***** 05/00 jjjjgg 04/01 aStMG ***** 00/00 GUOO ***** 07/01 GUOO 21 US, 07/01 GftEMG ***** 00/00
      903 words
    • 69 38 CONFER (S.EJL) w-1 SHIPPING PTE LTD TEL: *****68 FAX: *****45 DIRECT CONVENTIONAL SERVICE TO CHITTAOONQ VESSEL SIN CTG EMERALD OX6 AUG Q-12AUO DMCT FCULCI/COMVUmOMAL HMM TO»Indnr Sub-Contnant Madras CataM* BorrOay Karacfo Colombo Ottgong Tuaooon CooNn Far East Ho O* Mtti Haghong Hongtnng. Man*. Buaan FCULCL tarvtoaa lbs *i,i Mi Ma
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  • Page 39 Miscellaneous
    • 122 39 we LEGEND: Issued by Meteorological Service Singapore R1 Thunderstorm Showers a n atUre °0 Wind direction and speed in knots Cloudy Day Weather (XD HlL ry Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds &#ix*;3 Slight, < 1.2 m -»—»One hall
      122 words